|
|
|
MIRA INFORM REPORT
|
Report No. : |
501664 |
|
Report Date : |
06.04.2018 |
IDENTIFICATION DETAILS
|
Name : |
CAMTEK
TOBACCO INTERNATIONAL PTE. LTD. |
|
|
|
|
Registered Office : |
6
Joo Chiat Terrace, 427180 |
|
|
|
|
Country : |
Singapore |
|
|
|
|
Financials (as on) : |
31.12.2016 |
|
|
|
|
Date of Incorporation : |
05.11.2007 |
|
|
|
|
Com. Reg. No.: |
200720561Z |
|
|
|
|
Legal Form : |
Private Limited (Limited By Share) |
|
|
|
|
Line of Business : |
Wholesale of Tobacco Products. |
|
|
|
|
No. of Employees : |
5 [2018] |
RATING & COMMENTS
(Mira Inform has adopted New Rating mechanism w.e.f. 23rd
January 2017)
|
MIRA’s Rating : |
A |
|
Credit Rating |
Explanation |
Rating Comments |
|
A |
Acceptable Risk |
Business dealings permissible with
moderate risk of default |
|
Status : |
Good |
|
|
|
|
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
|
Country Name |
Previous Rating (30.09.2017) |
Current Rating (31.12.2017) |
|
Singapore |
A1 |
A1 |
|
Risk Category |
ECGC Classification |
|
Insignificant |
A1 |
|
Low Risk |
A2 |
|
Moderately Low Risk |
B1 |
|
Moderate Risk |
B2 |
|
Moderately High Risk |
C1 |
|
High Risk |
C2 |
|
Very High Risk |
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 of consumer electronics, information technology products, medical and optical devices, pharmaceuticals, and on its vibrant transportation, business, and financial services sectors.
The economy contracted 0.6% in 2009 as a result of the global financial crisis, but has continued to grow since 2010. Growth in 2014-17 was slower than during the previous decade, at under 3% annually, largely a result of soft demand for exports amid a sluggish global economy and weak growth in Singapore’s manufacturing sector.
The government is attempting to restructure Singapore’s economy by weaning its dependence on foreign labor, addressing weak productivity growth, and increasing Singaporean wages. Singapore has attracted major investments in advanced manufacturing, pharmaceuticals, and medical technology production and will continue efforts to strengthen its position as Southeast Asia's leading financial and technology hub. Singapore is a member of the Regional Comprehensive Economic Partnership negotiations with the nine other ASEAN members plus Australia, China, India, Japan, South Korea, and New Zealand. In 2015, Singapore formed, with the other ASEAN members, the ASEAN Economic Community.
|
Source
: CIA |
EXECUTIVE
SUMMARY
|
REGISTRATION
NO. |
: |
200720561Z |
|
COMPANY
NAME |
: |
CAMTEK
TOBACCO INTERNATIONAL PTE. LTD. |
|
FORMER
NAME |
: |
N/A |
|
INCORPORATION
DATE |
: |
05/11/2007 |
|
COMPANY
STATUS |
: |
EXIST |
|
LEGAL
FORM |
: |
PRIVATE
LIMITED (LIMITED BY SHARE) |
|
LISTED
STATUS |
: |
NO |
|
REGISTERED
ADDRESS |
: |
6
JOO CHIAT TERRACE, 427180, SINGAPORE. |
|
BUSINESS
ADDRESS |
: |
6
JOO CHIAT TERRACE,, 427180, SINGAPORE. |
|
TEL.NO. |
: |
65-62223749 |
|
FAX.NO. |
: |
65-62223748 |
|
WEB
SITE |
: |
WWW.CAMTEK.COM.SG |
|
CONTACT
PERSON |
: |
CAMERON
ROBERT ALAN ( DIRECTOR ) |
|
PRINCIPAL
ACTIVITY |
: |
WHOLESALE
OF TOBACCO PRODUCTS |
|
ISSUED
AND PAID UP CAPITAL |
: |
450,000.00
ORDINARY SHARE, OF A VALUE OF SGD 1,888,537.00 |
|
SALES |
: |
USD
33,331,622 [2016] |
|
NET
WORTH |
: |
USD
1,754,157 [2016] |
|
STAFF
STRENGTH |
: |
5
[2018] |
|
LITIGATION |
: |
CLEAR |
|
FINANCIAL
CONDITION |
: |
STABLE |
|
PAYMENT |
: |
AVERAGE |
|
MANAGEMENT
CAPABILITY |
: |
AVERAGE |
|
COMMERCIAL
RISK |
: |
LOW |
|
CURRENCY
EXPOSURE |
: |
MODERATE |
|
GENERAL
REPUTATION |
: |
SATISFACTORY |
|
INDUSTRY
OUTLOOK |
: |
MARGINAL
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) wholesale of tobacco products.
Former Address(es)
|
Address |
As
At Date |
|
264B
SOUTH BRIDGE ROAD, 058813 |
N/A |
Share
Capital History
|
Date |
Issue
& Paid Up Capital |
|
04/04/2018 |
SGD
1,888,537.00 |
The
major shareholder(s) of the Subject are shown as follows :
Current
Shareholder(s) :
|
Name |
Address |
IC/PP/Loc
No |
Shareholding |
(%) |
|
CAMERON
ROBERT ALAN + |
99,
MEYER ROAD, 04-03, SOVEREIGN, THE, 437920, SINGAPORE. |
F5670095K |
300,000.00 |
66.67 |
|
CONTRAF-NICOTEX-TOBACCO
GMBH |
HERBSTSTR.
8, 74072 HEILBRONN GERMANY GERMANY |
T10UF0856 |
150,000.00 |
33.33 |
|
--------------- |
------ |
|||
|
450,000.00 |
100.00 |
|||
|
============ |
===== |
+
Also Director
The
Subject's interest in other companies (Subsidiaries/Associates) are shown as
follow :
Local
No |
Country |
Company |
Status |
(%) |
As
At |
|
INDONESIA |
PT
CAMTEK INDONESIA |
- |
51.00 |
31/12/2016 |
DIRECTORS
DIRECTOR
1
|
Name
Of Subject |
: |
DIRK-HENNING
ALAIN SIEMANN |
|
Address |
: |
HERBSTSTR.
8, 74072 HEILBRONN GERMANY, GERMANY. |
|
IC
/ PP No |
: |
C8J9NFZH8 |
|
Nationality |
: |
GERMAN |
|
Date
of Appointment |
: |
01/04/2010 |
INTEREST CHECK
|
Interest
in companies |
: |
see
below |
|
Interest
in business |
: |
none
in our databank |
|
Former
interest |
: |
none
in our databank |
INTEREST
IN COMPANY
|
No |
Local
No |
Company |
Designation |
App
Date |
Shareholding |
Profit/(loss)
After Tax |
Financial
Year |
Status |
As
At |
|
|
No. |
% |
|||||||||
|
1 |
200720561Z |
CAMTEK
TOBACCO INTERNATIONAL PTE. LTD. |
Director |
01/04/2010 |
0.00 |
- |
USD1,105,437.00 |
2016 |
- |
04/04/2018 |
DIRECTOR
2
|
Name
Of Subject |
: |
CAMERON
ROBERT ALAN |
|
Address |
: |
99,
MEYER ROAD, 04-03, SOVEREIGN, THE, 437920, SINGAPORE. |
|
Other
Address(es) |
: |
16E,
FORT ROAD, 439081, SINGAPORE. |
|
IC
/ PP No |
: |
F5670095K |
|
Nationality |
: |
BRITISH |
|
Date
of Appointment |
: |
05/11/2007 |
INTEREST CHECK
|
Interest
in companies |
: |
see
below |
|
Interest
in business |
: |
none
in our databank |
|
Former
interest |
: |
none
in our databank |
INTEREST
IN COMPANY
|
No |
Local
No |
Company |
Designation |
App
Date |
Shareholding |
Profit/(loss)
After Tax |
Financial
Year |
Status |
As
At |
|
|
No. |
% |
|||||||||
|
1 |
200720561Z |
CAMTEK
TOBACCO INTERNATIONAL PTE. LTD. |
Director |
05/11/2007 |
300,000.00 |
66.67 |
USD1,105,437.00 |
2016 |
- |
04/04/2018 |
MANAGEMENT
|
1)
|
Name
of Subject |
: |
CAMERON
ROBERT ALAN |
|
Position |
: |
DIRECTOR |
AUDITOR
|
Auditor |
: |
P
G WEE PARTNERSHI P LLP |
|
Auditor'
Address |
: |
N/A |
COMPANY
SECRETARIES
|
1)
|
Company
Secretary |
: |
TAN
CHAI SENG |
|
IC
/ PP No |
: |
S1235220D |
|
|
Address |
: |
604,
JURONG WEST STREET 62, 12-199, 640604, SINGAPORE. |
|
BANKING
No Banker found in our databank.
ENCUMBRANCE
(S)
|
No encumbrance was found in our databank at the time of investigation.
CIVIL LITIGATION CHECK - SUBJECT COMPANY
AS A DEFENDANT
|
* A check has been conducted in our databank against 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 |
: |
N/A |
|
Overseas |
: |
N/A |
The Subject refused to disclose its suppliers.
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 |
[ |
] |
Average
61-90 Days |
[ |
X |
] |
|||||
|
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 |
: |
TOBACCO
LEAF |
|
|
Total
Number of Employees: |
|||||||||
|
YEAR |
2018 |
2014 |
|||||||
|
|
|||||||||
|
GROUP |
N/A |
N/A |
|||||||
|
COMPANY |
5 |
5 |
|||||||
|
Branch |
: |
NO |
Other Information:
The Subject is principally engaged in the (as a / as an) wholesale of tobacco
products.
As a recognized and leading supplier of leaf tobacco, by-products and niche
products, Camtek's credibility and growth are built on its network of customers
and suppliers worldwide.
The Subject is dealing with Cigar, Cigarette & Tobacco.
CURRENT
INVESTIGATION
Latest
fresh investigations carried out on the Subject indicated that:
|
Telephone
Number Provided By Client |
: |
6562223749 |
|
Current
Telephone Number |
: |
65-62223749 |
|
Match |
: |
YES |
|
Address
Provided by Client |
: |
6
JOO CHIAT TERRACE, 427180 |
|
Current
Address |
: |
6
JOO CHIAT TERRACE,, 427180, SINGAPORE. |
|
Match |
: |
YES |
Other Investigations
We contacted
one of the staff from the Subject and she provided some information.
FINANCIAL
ANALYSIS
|
Profitability |
||||||
|
Turnover |
: |
Increased |
[ |
71.57% |
] |
|
|
Profit/(Loss)
Before Tax |
: |
Increased |
[ |
339.40% |
] |
|
|
Return
on Shareholder Funds |
: |
Favourable |
[ |
63.15% |
] |
|
|
Return
on Net Assets |
: |
Favourable |
[ |
73.45% |
] |
|
|
The
increase in turnover could be due to the Subject adopting an aggressive marketing
strategy.The higher profit could be attributed to the increase in turnover.
Generally the Subject was profitable. The favourable return on shareholders'
funds and return on net assets indicate that the Subject's management was
efficient in utilising the assets to generate returns. |
||||||
|
Working
Capital Control |
||||||
|
Stock
Ratio |
: |
Favourable |
[ |
0
Days |
] |
|
|
Debtor
Ratio |
: |
Unfavourable |
[ |
76
Days |
] |
|
|
Creditors
Ratio |
: |
Unfavourable |
[ |
85
Days |
] |
|
|
The
Subject's stocks were moving fast thus reducing its holding cost. This had
reduced funds being tied up in stocks. The high debtors' ratio could indicate
that the Subject was weak in its credit control. However, the Subject could also
giving longer credit periods to its customers in order to boost its sales or
to capture / retain its market share. The unfavourable creditors' ratio could
be due to the Subject taking advantage of the credit granted by its
suppliers. However this may affect the goodwill between the Subject and its
suppliers and the Subject may inadvertently have to pay more for its future
supplies. |
||||||
|
Liquidity |
||||||
|
Liquid
Ratio |
: |
Favourable |
[ |
1.18
Times |
] |
|
|
Current
Ratio |
: |
Unfavourable |
[ |
1.19
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 |
: |
Favourable |
[ |
94.69
Times |
] |
|
|
Gearing
Ratio |
: |
Favourable |
[ |
0.00
Times |
] |
|
|
The
interest cover showed that the Subject was able to service the interest. The
favourable interest cover could indicate that the Subject was making enough profit
to pay for the interest accrued. The Subject had no gearing and hence it had
virtually no financial risk. The Subject was financed by its shareholders'
funds and internally generated fund. During the economic downturn, the
Subject, having a zero gearing, will be able to compete better than those
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. With the favourable
interest cover, the Subject could be able to service all the accrued interest
without facing any difficulties. The Subject was a zero gearing company, it
was solely dependant on its shareholders to provide funds to finance its
business. The Subject has good chance of getting loans, if the needs arises. |
||||||
|
Overall
financial condition of the Subject : STABLE |
||||||
SINGAPORE ECONOMIC / INDUSTRY OUTLOOK
|
Major
Economic Indicators : |
2013 |
2014 |
2015 |
2016 |
2017* |
|
|
|||||
|
Population
(Million) |
5.40 |
5.47 |
5.54 |
5.61 |
5.61 |
|
Gross
Domestic Products ( % ) |
5.1 |
3.9 |
2.2 |
2.4 |
3.6 |
|
Consumer
Price Index |
2.4 |
1.0 |
(0.5) |
(0.5) |
0.6 |
|
Total
Imports (Million) |
466,762.0 |
463,779.1 |
407,767.9 |
398,372.0 |
403,300.0 |
|
Total
Exports (Million) |
513,391.0 |
518,922.7 |
476,285.4 |
468,552.0 |
466,900.0 |
|
|
|||||
|
Unemployment
Rate (%) |
1.9 |
1.9 |
1.9 |
2.1 |
- |
|
Tourist
Arrival (Million) |
15.46 |
15.01 |
15.23 |
16.28 |
- |
|
Hotel
Occupancy Rate (%) |
86.3 |
85.5 |
84.0 |
83.1 |
84.7 |
|
Cellular
Phone Subscriber (Million) |
1.97 |
1.98 |
1.99 |
- |
- |
|
|
|||||
|
Registration
of New Companies (No.) |
37,288 |
41,589 |
34,243 |
35,227 |
37,395 |
|
Registration
of New Companies (%) |
9.8 |
11.5 |
(17.7) |
2.9 |
6.2 |
|
Liquidation
of Companies (No.) |
17,369 |
18,767 |
21,384 |
23,218 |
22,379 |
|
Liquidation
of Companies (%) |
(5.3) |
8.0 |
13.9 |
8.6 |
(3.6) |
|
|
|||||
|
Registration
of New Businesses (No.) |
22,893 |
35,773 |
28,480 |
27,120 |
22,148 |
|
Registration
of New Businesses (%) |
1.70 |
56.30 |
(20.39) |
(4.78) |
(18.33) |
|
Liquidation
of Businesses (No.) |
22,598 |
22,098 |
26,116 |
35,866 |
24,344 |
|
Liquidation
of Businesses (%) |
0.5 |
(2.2) |
18.2 |
37.3 |
(32.1) |
|
|
|||||
|
Bankruptcy
Orders (No.) |
1,992 |
1,757 |
1,776 |
1,797 |
1,638 |
|
Bankruptcy
Orders (%) |
14.0 |
(11.8) |
1.0 |
1.2 |
(8.9) |
|
Bankruptcy
Discharges (No.) |
2,584 |
3,546 |
3,499 |
4,359 |
2,030 |
|
Bankruptcy
Discharges (%) |
37.4 |
37.2 |
(1.3) |
24.6 |
(53.4) |
|
|
|||||
|
INDUSTRIES
( % of Growth ) : |
|||||
|
Agriculture |
|||||
|
Production
of Principal Crops |
1.78 |
4.29 |
3.04 |
- |
- |
|
Fish
Supply & Wholesale |
(3.8) |
(8.6) |
(8.5) |
(9.9) |
- |
|
|
|||||
|
Manufacturing
# |
|||||
|
Food,
Beverages & Tobacco |
97.9 |
99.4 |
100.0 |
103.7 |
110.3 |
|
Textiles |
119.5 |
102.7 |
100.0 |
92.4 |
84.4 |
|
Wearing
Apparel |
334.1 |
212.6 |
100.0 |
83.4 |
88.2 |
|
Leather
Products & Footwear |
122.0 |
106.5 |
100.0 |
88.8 |
79.0 |
|
Wood
& Wood Products |
103.0 |
107.2 |
100.0 |
95.0 |
92.9 |
|
Paper
& Paper Products |
104.4 |
104.5 |
100.0 |
97.3 |
96.1 |
|
Printing
& Media |
113.8 |
105.968
|
100.0 |
85.1 |
73.1 |
|
Crude
Oil Refineries |
100.7 |
92.2 |
100.0 |
104.2 |
113.5 |
|
Chemical
& Chemical Products |
88.4 |
96.7 |
100.0 |
98.9 |
105.3 |
|
Pharmaceutical
Products |
101.421
|
109.4 |
100.0 |
113.8 |
96.0 |
|
Rubber
& Plastic Products |
109.497
|
109.2 |
100.0 |
91.4 |
93.7 |
|
Non-metallic
Mineral |
107.4 |
90.759
|
100.0 |
89.8 |
72.9 |
|
Basic
Metals |
77.2 |
99.3 |
100.0 |
106.2 |
108.3 |
|
Fabricated
Metal Products |
107.5 |
107.757
|
100.0 |
93.8 |
91.3 |
|
Machinery
& Equipment |
109.1 |
118.2 |
100.0 |
80.8 |
86.1 |
|
Electrical
Machinery |
87.4 |
97.871
|
100.0 |
101.5 |
111.7 |
|
Electronic
Components |
105.0 |
105.6 |
100.0 |
114.1 |
151.4 |
|
Transport
Equipment |
111.1 |
106.68
|
100.0 |
101.0 |
99.5 |
|
|
|||||
|
Construction |
25.40 |
22.00 |
- |
- |
- |
|
Real
Estate |
88.5 |
145.1 |
- |
- |
- |
|
|
|||||
|
Services |
|||||
|
Electricity,
Gas & Water |
6.70 |
6.50 |
- |
- |
- |
|
Transport,
Storage & Communication |
9.80 |
14.20 |
- |
- |
- |
|
Finance
& Insurance |
3.30 |
6.00 |
- |
7.40 |
- |
|
Government
Services |
6.50 |
6.30 |
- |
- |
- |
|
Education
Services |
3.10 |
5.98 |
- |
2.40 |
- |
|
|
|||||
|
*
Estimate / Preliminary |
|||||
|
#
Based on Index of Industrial Production (2015 = 100) |
INDUSTRY
ANALYSIS
|
INDUSTRY
: |
TRADING |
|
According
to the Ministry of Trade and Industry, the wholesale & retail trade
sector expanded to 3.0% in the fourth quarter of 2017, moderating from the
3.3% growth in the previous quarter. The wholesale trade segment was boosted
by an improvement in foreign wholesale sales volume, which more than offset
the weakness in domestic wholesale sales volume. For the whole of 2017, the
sector expanded by 2.3%, faster than the 1.0% growth in 2016. The improvement
in growth can be attributed to the wholesale segment. |
|
|
The
domestic wholesale sales volume fell by 1.1% in the fourth quarter 2017,
reversing the 2.0% growth in the preceding quarter. The poorer outturn was
led by declines in the sales volume of household equipment & furniture
(-27%) and general wholesale merchandise (-19%), which outweighed the
increase in the sales volume of telecommunications & computers (20%). For
the whole of 2017, the domestic wholesale trade index expanded by 1.0%, a
turnaround from the 2.7% decline in 2016. |
|
|
On
the other hand, foreign wholesale sales volume rose to 6.2% in the fourth
quarter 2017, a step-up from the 5.1% growth in the preceding quarter. Growth
was driven by expansions in the sales of petroleum & petroleum-related
products (11%t), telecommunications & computers (19%) and electronic
components (16%). However, growth was partly offset by a 20% decline in the
sales volume of metals, timber & construction materials. For the full
year 2017, the foreign wholesale trade index rose by 3.6%, faster than the
increase of 1.5% in the previous year. |
|
|
Besides,
retail sales volume rose by 2.1% in the fourth quarter 2017, improving from
the 0.9% growth recorded in the third quarter. Growth was supported by
improvements in both motor vehicle and non-motor vehicle sales volumes. While
motor vehicle sales benefitted from an on-year increase in COE supply, growth
in non-motor vehicle sales came on the back of an improvement in consumer
sentiments. Notably, the sales volume of discretionary goods such as recreational
goods, computer & telecommunication equipment and wearing apparel &
footwear grew by 4.6%, 4.3 % and 3.1% respectively. |
|
|
For
the full year 2017, retail sales volume expanded by 1.3%, similar to the 1.5%
growth recorded in 2016. Growth was driven by both motor vehicle sales and
non-motor vehicle sales, which the former rising by 1.5% and the latter
increasing by 1.3%. The rise in non-motor vehicle sales was underpinned by
higher sales of discretionary goods. For instance, the sales volume of recreational
goods (3.9%), watches & jewellery (2.4%), computer &
telecommunications equipment (1.7%) and wearing apparel & footwear (1.5%)
improved in 2017. |
|
|
OVERALL
INDUSTRY OUTLOOK : MARGINAL GROWTH |
|
CREDIT RISK EVALUATION & RECOMMENDATION
|
Incorporated
in 2007, the Subject is a Private Limited company, focusing on wholesale of
tobacco products. Having been in the industry for over a decade, the Subject
has achieved a certain market share and has built up a satisfactory reputation
in the market. It should have received supports from its regular customers.
With SGD 1,888,537 in issued and paid up capital, the Subject has the
potential of capturing a higher market shares as it is competing aggressively
in the market. |
PROFIT AND LOSS ACCOUNT
|
THE
FINANCIAL STATEMENTS WERE PREPARED IN ACCORDANCE WITH SINGAPORE FINANCIAL
REPORTING STANDARDS. |
|
CAMTEK
TOBACCO INTERNATIONAL PTE. LTD. |
|
Financial
Year End |
2016-12-31 |
2015-12-31 |
|
Months |
12 |
12 |
|
Consolidated
Account |
GROUP |
GROUP |
|
Audited
Account |
YES |
YES |
|
Unqualified
Auditor's Report (Clean Opinion) |
YES |
YES |
|
Financial
Type |
FULL |
FULL |
|
Currency |
USD |
USD |
|
TURNOVER |
33,331,622 |
19,427,106 |
|
Other
Income |
70,167 |
98,384 |
|
---------------- |
---------------- |
|
|
Total
Turnover |
33,401,789 |
19,525,490 |
|
---------------- |
---------------- |
|
|
PROFIT/(LOSS)
FROM OPERATIONS |
1,274,884 |
290,139 |
|
---------------- |
---------------- |
|
|
PROFIT/(LOSS)
BEFORE TAXATION |
1,274,884 |
290,139 |
|
Taxation |
(169,447) |
(20,917) |
|
---------------- |
---------------- |
|
|
PROFIT/(LOSS)
AFTER TAXATION |
1,105,437 |
269,222 |
|
Minority
interests |
2,267 |
(27,265) |
|
---------------- |
---------------- |
|
|
PROFIT/(LOSS)
BEFORE EXTRAORDINARY ITEMS |
1,107,704 |
241,957 |
|
---------------- |
---------------- |
|
|
PROFIT/(LOSS)
ATTRIBUTABLE TO SHAREHOLDERS |
1,107,704 |
241,957 |
|
RETAINED
PROFIT/(LOSS) BROUGHT FORWARD |
||
|
As
previously reported |
76,025 |
997,407 |
|
---------------- |
---------------- |
|
|
As
restated |
76,025 |
997,407 |
|
---------------- |
---------------- |
|
|
PROFIT
AVAILABLE FOR APPROPRIATIONS |
1,183,729 |
1,239,364 |
|
DIVIDENDS
- Ordinary (paid & proposed) |
(1,110,064) |
(1,163,339) |
|
---------------- |
---------------- |
|
|
RETAINED
PROFIT/(LOSS) CARRIED FORWARD |
73,665 |
76,025 |
|
============= |
============= |
|
|
INTEREST
EXPENSE (as per notes to P&L) |
||
|
Term
loan / Borrowing |
13,608 |
2,857 |
|
---------------- |
---------------- |
|
|
13,608 |
2,857 |
|
|
============= |
============= |
|
|
DEPRECIATION
(as per notes to P&L) |
16,017 |
14,584 |
|
---------------- |
---------------- |
|
|
Total
Amortization And Depreciation |
16,017 |
14,584 |
|
============= |
============= |
BALANCE
SHEET
|
CAMTEK
TOBACCO INTERNATIONAL PTE. LTD. |
|
ASSETS
EMPLOYED: |
||
|
FIXED
ASSETS |
33,187 |
29,776 |
|
LONG
TERM INVESTMENTS/OTHER ASSETS |
||
|
Deferred
assets |
2,719 |
2,667 |
|
---------------- |
---------------- |
|
|
TOTAL
LONG TERM INVESTMENTS/OTHER ASSETS |
2,719 |
2,667 |
|
---------------- |
---------------- |
|
|
TOTAL
LONG TERM ASSETS |
35,906 |
32,443 |
|
CURRENT
ASSETS |
||
|
Stocks |
22,800 |
180,379 |
|
Trade
debtors |
6,942,224 |
4,590,699 |
|
Other
debtors, deposits & prepayments |
65,399 |
69,524 |
|
Short
term deposits |
112,392 |
114,680 |
|
Amount
due from related companies |
- |
132,264 |
|
Cash
& bank balances |
3,882,915 |
1,892,577 |
|
Others |
9,383 |
160,836 |
|
---------------- |
---------------- |
|
|
TOTAL
CURRENT ASSETS |
11,035,113 |
7,140,959 |
|
---------------- |
---------------- |
|
|
TOTAL
ASSET |
11,071,019 |
7,173,402 |
|
============= |
============= |
|
|
CURRENT
LIABILITIES |
||
|
Trade
creditors |
7,728,254 |
3,536,186 |
|
Other
creditors & accruals |
259,843 |
634,781 |
|
Amounts
owing to director |
40,547 |
52,418 |
|
Provision
for taxation |
168,789 |
18,529 |
|
Dividends
payable/proposed |
1,110,064 |
1,163,339 |
|
---------------- |
---------------- |
|
|
TOTAL
CURRENT LIABILITIES |
9,307,497 |
5,405,253 |
|
---------------- |
---------------- |
|
|
NET
CURRENT ASSETS/(LIABILITIES) |
1,727,616 |
1,735,706 |
|
---------------- |
---------------- |
|
|
LONG
TERM LIABILITIES |
||
|
Retirement
benefits provision |
9,365 |
9,365 |
|
---------------- |
---------------- |
|
|
TOTAL
LONG TERM LIABILITIES |
9,365 |
9,365 |
|
---------------- |
---------------- |
|
|
TOTAL
NET ASSETS |
1,754,157 |
1,758,784 |
|
============= |
============= |
|
|
SHARE
CAPITAL |
||
|
Ordinary
share capital |
1,424,855 |
1,424,855 |
|
---------------- |
---------------- |
|
|
TOTAL
SHARE CAPITAL |
1,424,855 |
1,424,855 |
|
RESERVES |
||
|
Exchange
equalisation/fluctuation reserve |
(60,246) |
(60,246) |
|
Retained
profit/(loss) carried forward |
73,665 |
76,025 |
|
Others |
106 |
106 |
|
---------------- |
---------------- |
|
|
TOTAL
RESERVES |
13,525 |
15,885 |
|
MINORITY
INTEREST |
315,777 |
318,044 |
|
---------------- |
---------------- |
|
|
SHAREHOLDERS'
FUNDS/EQUITY |
1,754,157 |
1,758,784 |
|
============= |
============= |
|
FINANCIAL
RATIO
|
CAMTEK
TOBACCO INTERNATIONAL PTE. LTD. |
|
TYPES
OF FUNDS |
||
|
Cash |
3,995,307 |
2,007,257 |
|
Net
Liquid Funds |
3,995,307 |
2,007,257 |
|
Net
Liquid Assets |
1,704,816 |
1,555,327 |
|
Net
Current Assets/(Liabilities) |
1,727,616 |
1,735,706 |
|
Net
Tangible Assets |
1,754,157 |
1,758,784 |
|
Net
Monetary Assets |
1,695,451 |
1,545,962 |
|
PROFIT
& LOSS ITEMS |
||
|
Earnings
Before Interest, Taxes, Depreciation And Amortization (EBITDA) |
1,304,509 |
307,580 |
|
BALANCE
SHEET ITEMS |
||
|
Total
Liabilities |
9,316,862 |
5,414,618 |
|
Total
Assets |
11,071,019 |
7,173,402 |
|
Net
Assets |
1,754,157 |
1,758,784 |
|
Net
Assets Backing |
1,754,157 |
1,758,784 |
|
Shareholders'
Funds |
1,754,157 |
1,758,784 |
|
Total
Share Capital |
1,424,855 |
1,424,855 |
|
Total
Reserves |
13,525 |
15,885 |
|
GROWTH
RATIOS (Year on Year) (%) |
||
|
Revenue |
71.57 |
(35.85) |
|
Proft/(Loss)
Before Tax |
339.40 |
(80.62) |
|
Proft/(Loss)
After Tax |
310.60 |
(79.17) |
|
Total
Assets |
22.56 |
(20.59) |
|
Total
Liabilities |
54.56 |
(10.17) |
|
LIQUIDITY
(Times) |
||
|
Cash
Ratio |
0.43 |
0.37 |
|
Liquid
Ratio |
1.18 |
1.29 |
|
Current
Ratio |
1.19 |
1.32 |
|
WORKING
CAPITAL CONTROL (Days) |
||
|
Stock
Ratio |
0 |
3 |
|
Debtors
Ratio |
76 |
86 |
|
Creditors
Ratio |
85 |
66 |
|
SOLVENCY
RATIOS (Times) |
||
|
Liabilities
Ratio |
5.31 |
3.08 |
|
Times
Interest Earned Ratio |
94.69 |
102.55 |
|
Assets
Backing Ratio |
1.23 |
1.23 |
|
PERFORMANCE
RATIO (%) |
||
|
Operating
Profit Margin |
3.82 |
1.49 |
|
Net
Profit Margin |
3.32 |
1.25 |
|
Return
On Net Assets |
73.45 |
16.66 |
|
Return
On Capital Employed |
61.97 |
14.04 |
|
Return
On Shareholders' Funds/Equity |
63.15 |
13.76 |
|
Dividend
Pay Out Ratio (Times) |
1.00 |
4.81 |
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
INR 65.06 |
|
|
1 |
INR 91.50 |
|
Euro |
1 |
INR 79.78 |
|
SGD |
1 |
INR 49.38 |
Note:
Above are approximate rates obtained from sources believed to be correct
INFORMATION DETAILS
|
Analysis Done by
: |
VIV |
|
|
|
|
Report Prepared
by : |
NIT |
RATING EXPLANATIONS
|
Credit Rating |
Explanation |
Rating Comments |
|
A++ |
Minimum Risk |
Business dealings permissible with minimum
risk of default |
|
A+ |
Low Risk |
Business dealings permissible with low
risk of default |
|
A |
Acceptable Risk |
Business dealings permissible with moderate
risk of default |
|
B |
Medium Risk |
Business dealings permissible on a regular
monitoring basis |
|
C |
Medium High Risk |
Business dealings permissible preferably
on secured basis |
|
D |
High Risk |
Business dealing not recommended or on secured
terms only |
|
NB |
New Business |
No recommendation can be done due to
business in infancy stage |
|
NT |
No Trace |
No recommendation can be done as the
business is not traceable |
NB is stated where there is insufficient information to facilitate rating. However, it is not to be considered as unfavourable.
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 are as follows:
·
Financial
condition covering various ratios
·
Company
background and operations size
·
Promoters
/ Management background
·
Payment
record
·
Litigation
against the subject
·
Industry
scenario / competitor analysis
·
Supplier
/ Customer / Banker review (wherever available)
This report is issued at
your request without any risk and responsibility on the part of MIRA INFORM
PRIVATE LIMITED (MIPL) or its officials.