|
Report No. : |
321897 |
|
Report Date : |
14.05.2015 |
IDENTIFICATION DETAILS
|
Name : |
HEMERA INTERNATIONAL PTE. LTD. |
|
|
|
|
Registered Office : |
2, Shenton Way, 17-04, Sgx Centre I, 068804 |
|
|
|
|
Country : |
Singapore
|
|
|
|
|
Financials (as on) : |
31.12.2013 |
|
|
|
|
Date of Incorporation : |
19.11.2010 |
|
|
|
|
Com. Reg. No.: |
201024630-K |
|
|
|
|
Legal Form : |
Private Limited |
|
|
|
|
Line of Business : |
Subject is engaged in the trading of commodity products. |
|
|
|
|
No. of Employees : |
5 [2015] |
RATING & COMMENTS
|
MIRA’s Rating : |
B |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
|
Status : |
Moderate |
|
Payment Behaviour : |
No Complaints |
|
Litigation : |
Clear |
NOTES:
Any query related to this report can be made
on e-mail: infodept@mirainform.com
while quoting report number, name and date.
ECGC Country Risk Classification List – December 31, 2014
|
Country Name |
Previous Rating (30.09.2014) |
Current Rating (31.12.2014) |
|
Singapore |
A1 |
A1 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
|
Moderate |
B1 |
|
High |
B2 |
|
Very High |
C1 |
|
Restricted |
C2 |
|
Off-credit |
D |
SINGAPORE - ECONOMIC OVERVIEW
Singapore has a highly developed and successful free-market
economy. It enjoys a remarkably open and corruption-free environment, stable prices,
and a per capita GDP higher than that of most developed countries. Unemployment
is very low. The economy depends heavily on exports, particularly in consumer
electronics, information technology products, pharmaceuticals, and on a growing
financial services sector. The economy contracted 0.6% in 2009 as a result of
the global financial crisis, but rebounded 15.1% in 2010, on the strength of
renewed exports. Growth in 2014 was slower at 13.9%, largely a result of soft
demand for exports during the second European recession. Over the longer term,
the government hopes to establish a new growth path that focuses on raising
productivity. Singapore has attracted major investments in pharmaceuticals and
medical technology production and will continue efforts to establish Singapore
as Southeast Asia's financial and high-tech hub. Singapore is a member of the
12-nation Trans-Pacific Partnership free trade agreement negotiations and, with
the nine other ASEAN members, will form the ASEAN Economic Community in 2015.
|
Source
: CIA |
EXECUTIVE
SUMMARY
|
|
REGISTRATION NO. |
: |
201024630-K |
|
COMPANY NAME |
: |
HEMERA INTERNATIONAL PTE. LTD. |
|
FORMER NAME |
: |
N/A |
|
INCORPORATION DATE |
: |
19/11/2010 |
|
COMPANY STATUS |
: |
EXIST |
|
LEGAL FORM |
: |
PRIVATE LIMITED |
|
LISTED STATUS |
: |
NO |
|
REGISTERED ADDRESS |
: |
2, SHENTON WAY, 17-04, SGX CENTRE I, 068804, SINGAPORE. |
|
BUSINESS ADDRESS |
: |
2, SHENTON WAY, 17-04, SGX CENTRE I, 068804, SINGAPORE. |
|
TEL.NO. |
: |
65-65572486 |
|
FAX.NO. |
: |
65-65572497 |
|
CONTACT PERSON |
: |
DEEPAYAN MOHANTY ( DIRECTOR ) |
|
PRINCIPAL ACTIVITY |
: |
TRADING OF COMMODITY PRODUCTS |
|
ISSUED AND PAID UP CAPITAL |
: |
4,015,136.00 ORDINARY SHARE, OF A VALUE OF USD 4,015,136.00 |
|
SALES |
: |
USD 260,170,998 [2013] |
|
NET WORTH |
: |
USD 3,530,926 [2013] |
|
STAFF STRENGTH |
: |
5 [2015] |
|
LITIGATION |
: |
CLEAR |
|
FINANCIAL CONDITION |
: |
FAIR |
|
PAYMENT |
: |
GOOD |
|
MANAGEMENT CAPABILITY |
: |
AVERAGE |
|
COMMERCIAL RISK |
: |
LOW |
|
CURRENCY EXPOSURE |
: |
MODERATE |
|
GENERAL REPUTATION |
: |
SATISFACTORY |
|
INDUSTRY OUTLOOK |
: |
AVERAGE GROWTH |
HISTORY
/ BACKGROUND
|
The Subject is a private limited company and is allowed to have a
minimum of one and a maximum of forty-nine shareholders. As a private limited
company, the Subject must have at least two directors. A private limited
company is a separate legal entity from its shareholders. As a separate legal
entity, the Subject is capable of owning assets, entering into contracts, sue
or be sued by other companies. The liabilities of the shareholders are to the
extent of the equity they have taken up and the creditors cannot claim on
shareholders' personal assets even if the Subject is insolvent. The Subject is
governed by the Companies Act and the company must file its annual returns,
together with its financial statements with the Registrar of Companies.
The Subject is principally engaged in the (as a / as an) trading of
commodity products.
The immediate holding company of the Subject is ELITE MARK ENTERPRISES
LIMITED, a company incorporated in VIRGIN ISLANDS, BRITISH.
Share Capital History
|
Date |
Issue & Paid Up Capital |
|
13/05/2015 |
USD 4,015,136.00 |
The major shareholder(s) of the Subject are shown as follows :
Name |
Address |
IC/PP/Loc No |
Shareholding |
(%) |
|
ELITE MARK ENTERPRISES LIMITED |
PO. BOX 957, OFFSHORE, INCORPORATIONS CENTRE, ROAD TOWN TORTOLA,
VIRGIN ISLANDS, BRITISH. |
T11UF0549E |
4,015,136.00 |
100.00 |
|
--------------- |
------ |
|||
|
4,015,136.00 |
100.00 |
|||
|
============ |
===== |
+ Also Director
The Subject's interest in other companies (Subsidiaries/Associates) are
shown as follow :
Local No |
Country |
Company |
(%) |
As At |
|
SINGAPORE |
ASIA METALS AND MINERAL PTE. LTD. |
100.00 |
12/05/2015 |
|
|
|
|
|
|
|
DIRECTORS
|
DIRECTOR 1
|
Name Of Subject |
: |
EVAN MATHEW WINTER |
|
Address |
: |
10321, HORSEBACK RIDGE AVE, LAS VEGAS, NV, 89144, UNITED STATES. |
|
IC / PP No |
: |
G3014878P |
|
Nationality |
: |
AMERICAN SAMOAN |
|
Date of Appointment |
: |
23/03/2015 |
DIRECTOR 2
|
Name Of Subject |
: |
ASHISH CHOPRA |
|
Address |
: |
43, JURONG EAST AVENUE 1, 17-05, PARC OASIS, 609778, SINGAPORE. |
|
IC / PP No |
: |
S7582126C |
|
Nationality |
: |
SINGAPOREAN |
|
Date of Appointment |
: |
01/08/2014 |
DIRECTOR 3
|
Name Of Subject |
: |
DEEPAYAN MOHANTY |
|
Address |
: |
401/B, HAMILTON COURT, DLF CITY, PH-IV, GURGAON, HARAYANA, INDIA. |
|
IC / PP No |
: |
J0934762 |
|
Nationality |
: |
INDIAN |
|
Date of Appointment |
: |
31/01/2011 |
MANAGEMENT
|
|
1) |
Name of Subject |
: |
DEEPAYAN MOHANTY |
|
Position |
: |
DIRECTOR |
|
AUDITOR
|
|
Auditor |
: |
T RAVI & CO. |
|
Auditor' Address |
: |
N/A |
COMPANY
SECRETARIES
|
|
1) |
Company Secretary |
: |
IRENE SIONG SZE LIAN |
|
IC / PP No |
: |
S8575498Z |
|
|
Address |
: |
118, TAMPINES ROAD, 05-06, KOVAN GRANDEUR, 535193, SINGAPORE. |
|
|
2) |
Company Secretary |
: |
NG GEOK LAN @ HUANG YULUAN |
|
IC / PP No |
: |
S1592193E |
|
|
Address |
: |
573, PASIR RIS STREET 53, 14-30, 510573, SINGAPORE. |
|
BANKING
|
No Banker found in our databank.
ENCUMBRANCE
(S)
|
|
Charge No |
Creation Date |
Charge Description |
Chargee Name |
Total Charge |
Status |
|
C201314783 |
01/11/2013 |
N/A |
MACQUARIE BANK LIMITED |
- |
Unsatisfied |
|
C201505003 |
28/04/2015 |
N/A |
MACQUARIE BANK LIMITED SINGAPORE BRANCH |
- |
Unsatisfied |
LITIGATION
CHECK AGAINST SUBJECT
|
* A check has been conducted in our databank againt the Subject whether the
subject has been involved in any litigation.
No legal action was found in our databank.
No winding up petition was found in our databank.
PAYMENT
RECORD
|
|
||
|
SOURCES OF RAW MATERIALS: |
||
|
Local |
: |
YES |
|
Overseas |
: |
YES |
The Subject refused to provide any name of trade/service supplier and we are
unable to conduct any trade enquiry. However, from financial historical data we
conclude that :
|
OVERALL PAYMENT HABIT |
||||||||||||||
|
Prompt 0-30 Days |
[ |
] |
Good 31-60 Days |
[ |
X |
] |
Average 61-90 Days |
[ |
] |
|||||
|
Fair 91-120 Days |
[ |
] |
Poor >120 Days |
[ |
] |
|||||||||
CLIENTELE
|
|
Local |
: |
YES |
|||
|
Domestic Markets |
: |
SINGAPORE |
|||
|
Overseas |
: |
YES |
|||
|
Export Market |
: |
WORLDWIDE |
|||
|
Credit Term |
: |
N/A |
|||
|
Payment Mode |
: |
CHEQUES |
|||
OPERATIONS
|
|
Goods Traded |
: |
COMMODITY PRODUCTS |
|
|
Total Number of Employees: |
|||||||||
|
YEAR |
2015 |
||||||||
|
GROUP |
N/A |
||||||||
|
COMPANY |
5 |
||||||||
|
Branch |
: |
NO |
Other Information:
The Subject is principally engaged in the (as a / as an) trading of commodity
products.
The Subject is a trading house with a focus in agricultural commodities,
ferrous and non-ferrous metals, as well as energy commodities.
Hemera compliments it’s trading business by providing advisory services to
clients in the areas of commodity and currency risk management, trade finance,
and growth strategy.
CURRENT
INVESTIGATION
|
Latest fresh investigations carried out on the Subject indicated that :
|
Telephone Number Provided By Client |
: |
N/A |
|
Current Telephone Number |
: |
65-65572486 |
|
Match |
: |
N/A |
|
Address Provided by Client |
: |
2, SHENTON WAY, 17-04, SGX CENTRE I,068804,SINGAPORE |
|
Current Address |
: |
2, SHENTON WAY, 17-04, SGX CENTRE I, 068804, SINGAPORE. |
|
Match |
: |
YES |
Other Investigations
We contacted one of the staff from the Subject and he provided some
information.
FINANCIAL
ANALYSIS
|
|
Profitability |
||||||
|
Turnover |
: |
Increased |
[ |
2011 - 2013 |
] |
|
|
Profit/(Loss) Before Tax |
: |
Increased |
[ |
2011 - 2013 |
] |
|
|
Return on Shareholder Funds |
: |
Acceptable |
[ |
10.87% |
] |
|
|
Return on Net Assets |
: |
Acceptable |
[ |
12.45% |
] |
|
|
The Subject's turnover increased steadily as the demand for its products
/ services increased due to the goodwill built up over the years.The higher
profit could be attributed to the increase in turnover. The Subject's
management had generated acceptable return for its shareholders using its
assets. |
||||||
|
Working Capital Control |
||||||
|
Stock Ratio |
: |
Nil |
[ |
0 Days |
] |
|
|
Debtor Ratio |
: |
Favourable |
[ |
23 Days |
] |
|
|
Creditors Ratio |
: |
Favourable |
[ |
18 Days |
] |
|
|
As the Subject is a service oriented company, the Subject does not
need to keep stocks. The favourable debtors' days could be due to the good
credit control measures implemented by the Subject. The Subject had a
favourable creditors' ratio where the Subject could be taking advantage of
the cash discounts and also wanting to maintain goodwill with its creditors. |
||||||
|
Liquidity |
||||||
|
Liquid Ratio |
: |
Favourable |
[ |
1.24 Times |
] |
|
|
Current Ratio |
: |
Unfavourable |
[ |
1.24 Times |
] |
|
|
A minimum liquid ratio of 1 should be maintained by the Subject in
order to assure its creditors of its ability to meet short term obligations
and the Subject was in a good liquidity position. Thus, we believe the Subject
is able to meet all its short term obligations as and when they fall due. |
||||||
|
Solvency |
||||||
|
Interest Cover |
: |
Nil |
[ |
0.00 Times |
] |
|
|
Gearing Ratio |
: |
Favourable |
[ |
0.49 Times |
] |
|
|
The Subject's interest cover was nil as it did not pay any interest
during the year. The Subject was lowly geared thus it had a low financial
risk. The Subject was mainly financed by its shareholders' funds and
internally generated funds. In times of economic slowdown / downturn, the
Subject being a lowly geared company, will be able to compete better than
those companies which are highly geared in the same industry. |
||||||
|
Overall Assessment : |
||||||
|
Generally, the Subject's performance has improved with higher turnover
and profit. The Subject was in good liquidity position with its total current
liabilities well covered by its total current assets. With its current net
assets, the Subject should be able to repay its short term obligations. The
Subject did not make any interest payment during the year. The Subject was
dependent on its shareholders' funds to finance its business needs. The
Subject as a lowly geared company, will be more secured compared to those
highly geared companies. It has the ability to meet all its long term
obligations. |
||||||
|
Overall financial condition of the Subject : FAIR |
||||||
|
|
||||||
SINGAPORE
ECONOMIC / INDUSTRY OUTLOOK
|
|
Major Economic Indicators : |
2009 |
2010 |
2011 |
2012 |
2013 |
|
|
|||||
|
Population (Million) |
4.98 |
5.08 |
5.18 |
5.31 |
5.40 |
|
Gross Domestic Products ( % ) |
(0.8) |
14.5 |
4.9 |
1.3 |
3.7 |
|
Consumer Price Index |
0.6 |
2.8 |
5.2 |
4.6 |
2.4 |
|
Total Imports (Million) |
356,299.3 |
423,221.8 |
459,655.1 |
474,554.0 |
466,762.0 |
|
Total Exports (Million) |
391,118.1 |
478,840.7 |
514,741.2 |
510,329.0 |
513,391.0 |
|
|
|||||
|
Unemployment Rate (%) |
3.2 |
2.2 |
2.1 |
2.0 |
1.9 |
|
Tourist Arrival (Million) |
9.68 |
11.64 |
13.17 |
14.49 |
15.46 |
|
Hotel Occupancy Rate (%) |
75.8 |
85.6 |
86.5 |
86.4 |
86.3 |
|
Cellular Phone Subscriber (Million) |
1.37 |
1.43 |
1.50 |
1.52 |
1.97 |
|
|
|||||
|
Registration of New Companies (No.) |
26,414 |
29,798 |
32,317 |
31,892 |
37,288 |
|
Registration of New Companies (%) |
4.3 |
12.8 |
8.5 |
(1.3) |
9.8 |
|
Liquidation of Companies (No.) |
22,393 |
15,126 |
19,005 |
17,218 |
17,369 |
|
Liquidation of Companies (%) |
113.4 |
(32.5) |
25.6 |
9.4 |
(5.3) |
|
|
|||||
|
Registration of New Businesses (No.) |
26,876 |
23,978 |
23,494 |
24,788 |
22,893 |
|
Registration of New Businesses (%) |
8.15 |
(10.78) |
2.02 |
5.51 |
1.70 |
|
Liquidation of Businesses (No.) |
23,552 |
24,211 |
23,005 |
22,489 |
22,598 |
|
Liquidation of Businesses (%) |
11.4 |
2.8 |
(5) |
(2.2) |
0.5 |
|
|
|||||
|
Bankruptcy Orders (No.) |
2,058 |
1,537 |
1,527 |
1,748 |
1,992 |
|
Bankruptcy Orders (%) |
(11.5) |
(25.3) |
(0.7) |
14.5 |
14.0 |
|
Bankruptcy Discharges (No.) |
3,056 |
2,252 |
1,391 |
1,881 |
2,584 |
|
Bankruptcy Discharges (%) |
103.7 |
(26.3) |
(38.2) |
35.2 |
37.4 |
|
|
|||||
|
INDUSTRIES ( % of Growth ) : |
|||||
|
Agriculture |
|||||
|
Production of Principal Crops |
3.25 |
(0.48) |
4.25 |
3.64 |
- |
|
Fish Supply & Wholesale |
(1.93) |
(10.5) |
12.10 |
(0.5) |
- |
|
|
|||||
|
Manufacturing * |
71.5 |
92.8 |
100.0 |
100.3 |
102.0 |
|
Food, Beverages & Tobacco |
90.4 |
96.4 |
100.0 |
103.5 |
103.5 |
|
Textiles |
145.9 |
122.1 |
100.0 |
104.0 |
87.1 |
|
Wearing Apparel |
211.0 |
123.3 |
100.0 |
92.1 |
77.8 |
|
Leather Products & Footwear |
79.5 |
81.8 |
100.0 |
98.6 |
109.8 |
|
Wood & Wood Products |
101.4 |
104.0 |
100.0 |
95.5 |
107.4 |
|
Paper & Paper Products |
95.4 |
106.1 |
100.0 |
97.4 |
103.2 |
|
Printing & Media |
100.9 |
103.5 |
100.0 |
93.0 |
86.1 |
|
Crude Oil Refineries |
96.4 |
95.6 |
100.0 |
99.4 |
93.5 |
|
Chemical & Chemical Products |
80.3 |
97.6 |
100.0 |
100.5 |
104.1 |
|
Pharmaceutical Products |
49.1 |
75.3 |
100.0 |
109.7 |
107.2 |
|
Rubber & Plastic Products |
101.2 |
112.3 |
100.0 |
96.5 |
92.9 |
|
Non-metallic Mineral |
91.9 |
92.5 |
100.0 |
98.2 |
97.6 |
|
Basic Metals |
92.6 |
102.2 |
100.0 |
90.6 |
76.5 |
|
Fabricated Metal Products |
90.8 |
103.6 |
100.0 |
104.3 |
105.1 |
|
Machinery & Equipment |
57.3 |
78.5 |
100.0 |
112.9 |
114.5 |
|
Electrical Machinery |
86.8 |
124.1 |
100.0 |
99.3 |
108.5 |
|
Electronic Components |
85.2 |
113.6 |
100.0 |
90.6 |
94.3 |
|
Transport Equipment |
96.0 |
94.0 |
100.0 |
106.3 |
107.5 |
|
|
|||||
|
Construction |
(36.9) |
14.20 |
20.50 |
28.70 |
- |
|
Real Estate |
1.4 |
21.3 |
25.4 |
31.9 |
- |
|
|
|||||
|
Services |
|||||
|
Electricity, Gas & Water |
1.70 |
4.00 |
7.00 |
6.30 |
- |
|
Transport, Storage & Communication |
3.90 |
12.80 |
7.40 |
5.30 |
- |
|
Finance & Insurance |
(16.4) |
(0.4) |
8.90 |
0.50 |
- |
|
Government Services |
4.50 |
9.70 |
6.90 |
6.00 |
- |
|
Education Services |
0.10 |
(0.9) |
(1.4) |
0.30 |
- |
|
|
|||||
|
* Based on Index of Industrial Production (2011 = 100) |
INDUSTRY
ANALYSIS
|
|
INDUSTRY : |
TRADING |
|
The wholesale and retail trade sectors have expanded by 2.0% in the
third quarter of 2014, extending the 1.8 per cent growth in the previous quarter.
In 2013, the wholesale and retail sector expanded by 5.0%, after declining by
1.4% the year before. Growth of the sector was driven by the wholesale trade
segment. |
|
|
The domestic wholesale trade index has increased by 3.2% in the fourth
quarter of 2013, moderating from the 6.6% growth in the previous quarter. The
slower growth was due to a decline in the sales of furniture and household
equipment (-12%) and petroleum and petroleum products (-0.6%). For the full
year, the domestic wholesale trade index grew by 5.2% reversing the 2.2%
decline in 2012. On the other hand, the foreign wholesale trade index has
increased by a slower pace of 5.6% in the fourth quarter, compared to the
7.7% expansion in the preceding quarter. The slowdown was due to a fall in
the sales of telecommunication equipment and computer (-3.8%) and petroleum
and petroleum products (-2.5%). For the full year, the growth of the foreign
wholesale trade index moderated slightly to 8.6% from 9.1% in the previous
year. |
|
|
In the fourth quarter of 2013, retail sales volume fell by 6.2%,
extending the 5.6% decline in the previous quarter. Excluding motor vehicles,
retail sales volume increased by 0.4%, a slower pace of expansion as compared
to the 1.6% gain in the preceding quarter. The sales volume of motor vehicles
fell by 33% in the fourth quarter of 2013, extending the 32% decline in the
previous quarter. Meanwhile, the sales of several discretionary items also
fell in the fourth quarter of 2013. For instance, the sales of
telecommunications apparatus and computers fell by 12%, while the sales of
furniture and household equipment declined by 5.4%. |
|
|
For the full year, retail sales volume contracted by 4.3%, a reversal
from the 1.3% expansion in 2012. Excluding motor vehicle sales, the retail
sales volume grew by 1.1% in 2013, slower than the 1.7% increase in 2012.
Watches and jewellery recorded the largest increase (11%) in sales in 2013,
followed by optical goods and book (3%) and medical goods and toiletries
(3%). By contrast, the sales of telecommunications apparatus and computer
(-7.3%), furniture and household equipment (-4.2%) and petrol service
stations (-1.4) declined in 2013. |
|
|
OVERALL INDUSTRY OUTLOOK : AVERAGE GROWTH |
|
CREDIT
RISK EVALUATION & RECOMMENDATION
|
|
|
|
|
PROFIT
AND LOSS ACCOUNT
|
|
THE FINANCIAL STATEMENTS WERE PREPARED IN ACCORDANCE WITH SINGAPORE FINANCIAL
REPORTING STANDARDS. |
|
HEMERA INTERNATIONAL PTE. LTD. |
|
Financial Year End |
2013-12-31 |
2012-12-31 |
2011-12-31 |
|
Months |
12 |
12 |
12 |
|
Consolidated Account |
Company |
Company |
Company |
|
Audited Account |
YES |
YES |
YES |
|
Unqualified Auditor's Report (Clean Opinion) |
YES |
YES |
YES |
|
Financial Type |
FULL |
FULL |
SUMMARY |
|
Currency |
USD |
USD |
SGD |
|
TURNOVER |
260,170,998 |
118,156,610 |
45,408,652 |
|
Other Income |
23,880 |
37,754 |
- |
|
---------------- |
---------------- |
---------------- |
|
|
Total Turnover |
260,194,878 |
118,194,364 |
45,408,652 |
|
Costs of Goods Sold |
(259,082,748) |
(117,739,135) |
- |
|
---------------- |
---------------- |
---------------- |
|
|
Gross Profit |
1,112,130 |
455,229 |
- |
|
---------------- |
---------------- |
---------------- |
|
|
PROFIT/(LOSS) FROM OPERATIONS |
439,524 |
126,519 |
14,726 |
|
---------------- |
---------------- |
---------------- |
|
|
PROFIT/(LOSS) BEFORE TAXATION |
439,524 |
126,519 |
14,726 |
|
Taxation |
(55,701) |
(8,374) |
(904) |
|
---------------- |
---------------- |
---------------- |
|
|
PROFIT/(LOSS) AFTER TAXATION |
383,823 |
118,145 |
13,822 |
|
---------------- |
---------------- |
---------------- |
|
|
RETAINED PROFIT/(LOSS) BROUGHT FORWARD |
|||
|
As previously reported |
131,967 |
13,822 |
(686,541) |
|
---------------- |
---------------- |
---------------- |
|
|
As restated |
131,967 |
13,822 |
(686,541) |
|
---------------- |
---------------- |
---------------- |
|
|
PROFIT AVAILABLE FOR APPROPRIATIONS |
515,790 |
131,967 |
(672,719) |
|
---------------- |
---------------- |
---------------- |
|
|
RETAINED PROFIT/(LOSS) CARRIED FORWARD |
515,790 |
131,967 |
(672,719) |
|
============= |
============= |
============= |
|
|
|
|
|
|
BALANCE
SHEET
|
|
HEMERA INTERNATIONAL PTE. LTD. |
|
Trade debtors |
16,679,511 |
16,652,154 |
- |
|
Other debtors, deposits & prepayments |
533,131 |
1,708,054 |
- |
|
Cash & bank balances |
1,138,902 |
953,232 |
- |
|
---------------- |
---------------- |
---------------- |
|
|
TOTAL CURRENT ASSETS |
18,351,544 |
19,313,440 |
4,388,110 |
|
---------------- |
---------------- |
---------------- |
|
|
TOTAL ASSET |
18,351,544 |
19,313,440 |
4,388,110 |
|
============= |
============= |
============= |
|
|
CURRENT LIABILITIES |
|||
|
Trade creditors |
12,677,461 |
14,648,326 |
- |
|
Other creditors & accruals |
25,371 |
43,724 |
- |
|
Short term borrowings/Term loans |
1,720,302 |
- |
- |
|
Amounts owing to holding company |
343,484 |
2,815,009 |
- |
|
Provision for taxation |
54,000 |
9,278 |
- |
|
---------------- |
---------------- |
---------------- |
|
|
TOTAL CURRENT LIABILITIES |
14,820,618 |
17,516,337 |
4,339,663 |
|
---------------- |
---------------- |
---------------- |
|
|
NET CURRENT ASSETS/(LIABILITIES) |
3,530,926 |
1,797,103 |
48,447 |
|
---------------- |
---------------- |
---------------- |
|
|
TOTAL NET ASSETS |
3,530,926 |
1,797,103 |
48,447 |
|
============= |
============= |
============= |
|
|
SHARE CAPITAL |
|||
|
Ordinary share capital |
3,015,136 |
575,001 |
721,166 |
|
---------------- |
---------------- |
---------------- |
|
|
TOTAL SHARE CAPITAL |
3,015,136 |
575,001 |
721,166 |
|
Retained profit/(loss) carried forward |
515,790 |
131,967 |
(672,719) |
|
Others |
- |
1,090,135 |
- |
|
---------------- |
---------------- |
---------------- |
|
|
TOTAL RESERVES |
515,790 |
1,222,102 |
(672,719) |
|
---------------- |
---------------- |
---------------- |
|
|
SHAREHOLDERS' FUNDS/EQUITY |
3,530,926 |
1,797,103 |
48,447 |
|
Others |
0 |
0 |
- |
|
---------------- |
---------------- |
---------------- |
|
|
3,530,926 |
1,797,103 |
48,447 |
|
|
============= |
============= |
============= |
|
|
|
|
|
|
FINANCIAL
RATIO
|
|
HEMERA INTERNATIONAL PTE. LTD. |
|
TYPES OF FUNDS |
|||
|
Cash |
1,138,902 |
953,232 |
- |
|
Net Liquid Funds |
1,138,902 |
953,232 |
- |
|
Net Liquid Assets |
3,530,926 |
1,797,103 |
48,447 |
|
Net Current Assets/(Liabilities) |
3,530,926 |
1,797,103 |
48,447 |
|
Net Tangible Assets |
3,530,926 |
1,797,103 |
48,447 |
|
Net Monetary Assets |
3,530,926 |
1,797,103 |
48,447 |
|
BALANCE SHEET ITEMS |
|||
|
Total Borrowings |
1,720,302 |
0 |
- |
|
Total Liabilities |
14,820,618 |
17,516,337 |
4,339,663 |
|
Total Assets |
18,351,544 |
19,313,440 |
4,388,110 |
|
Net Assets |
3,530,926 |
1,797,103 |
48,447 |
|
Net Assets Backing |
3,530,926 |
1,797,103 |
48,447 |
|
Shareholders' Funds |
3,530,926 |
1,797,103 |
48,447 |
|
Total Share Capital |
3,015,136 |
575,001 |
721,166 |
|
Total Reserves |
515,790 |
1,222,102 |
(672,719) |
|
LIQUIDITY (Times) |
|||
|
Cash Ratio |
0.08 |
0.05 |
- |
|
Liquid Ratio |
1.24 |
1.10 |
- |
|
Current Ratio |
1.24 |
1.10 |
1.01 |
|
WORKING CAPITAL CONTROL (Days) |
|||
|
Stock Ratio |
0 |
0 |
- |
|
Debtors Ratio |
23 |
51 |
- |
|
Creditors Ratio |
18 |
45 |
- |
|
SOLVENCY RATIOS (Times) |
|||
|
Gearing Ratio |
0.49 |
0.00 |
- |
|
Liabilities Ratio |
4.20 |
9.75 |
89.58 |
|
Times Interest Earned Ratio |
0.00 |
0.00 |
- |
|
Assets Backing Ratio |
1.17 |
3.13 |
0.07 |
|
PERFORMANCE RATIO (%) |
|||
|
Operating Profit Margin |
0.17 |
0.11 |
0.03 |
|
Net Profit Margin |
0.15 |
0.10 |
0.03 |
|
Return On Net Assets |
12.45 |
7.04 |
30.40 |
|
Return On Capital Employed |
12.45 |
7.04 |
30.40 |
|
Return On Shareholders' Funds/Equity |
10.87 |
6.57 |
28.53 |
|
Dividend Pay Out Ratio (Times) |
0.00 |
0.00 |
- |
|
NOTES TO ACCOUNTS |
|||
|
Contingent Liabilities |
0 |
0 |
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.64.19 |
|
|
1 |
Rs.100.57 |
|
Euro |
1 |
Rs.72.07 |
INFORMATION DETAILS
|
Analysis Done by
: |
KAR |
|
|
|
|
Report Prepared
by : |
TPT |
RATING EXPLANATIONS
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
|
>86 |
Aaa |
Possesses an extremely sound financial base with the strongest
capability for timely payment of interest and principal sums |
Unlimited |
|
|
71-85 |
Aa |
Possesses adequate working capital. No caution needed for credit
transaction. It has above average (strong) capability for payment of interest
and principal sums |
Large |
|
|
56-70 |
A |
Financial & operational base are regarded healthy. General unfavourable
factors will not cause fatal effect. Satisfactory capability for payment of
interest and principal sums |
Fairly Large |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
|
|
11-25 |
Ca |
Adverse factors are apparent. Repayment of interest and principal sums
in default or expected to be in default upon maturity |
Limited with
full security |
|
|
<10 |
C |
Absolute credit risk exists. Caution needed to be exercised |
Credit not
recommended |
|
|
-- |
NB |
New Business |
-- |
|
This score serves as a reference to assess SC’s
credit risk and to set the amount of credit to be extended. It is calculated
from a composite of weighted scores obtained from each of the major sections of
this report. The assessed factors and their relative weights (as indicated
through %) are as follows:
Financial
condition (40%) Ownership
background (20%) Payment
record (10%)
Credit history
(10%) Market trend (10%) Operational size
(10%)
This report is issued at your request without any
risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL)
or its officials.