|
|
|
MIRA INFORM REPORT
|
Report No. : |
487718 |
|
Report Date : |
31.01.2018 |
IDENTIFICATION DETAILS
|
Name : |
SAMANCOR MARKETING PTE. LTD. |
|
|
|
|
Registered Office : |
138, Market Street, 26-01, Capitagreen, 048946 |
|
|
|
|
Country : |
Singapore |
|
|
|
|
Financials (as on) : |
30.06.207 |
|
|
|
|
Date of Incorporation : |
16.11.2015 |
|
|
|
|
Com. Reg. No.: |
201540647H |
|
|
|
|
Legal Form : |
Private Limited (Limited by Share) |
|
|
|
|
Line of Business : |
Subject is principally engaged in the trading of manganese, coal,
minerals. |
|
|
|
|
No. of Employees : |
130 [2018] |
RATING & COMMENTS
(Mira Inform has adopted New Rating mechanism w.e.f. 23rd
January 2017)
|
MIRA’s Rating : |
B |
|
Credit Rating |
Explanation |
Rating Comments |
|
B |
Medium Risk |
Business dealings permissible on a regular
monitoring basis |
|
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
|
Country Name |
Previous Rating (30.06.2017) |
Current Rating (30.09.2017) |
|
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. |
: |
201540647H |
|
COMPANY
NAME |
: |
SAMANCOR
MARKETING PTE. LTD. |
|
FORMER
NAME |
: |
N/A |
|
INCORPORATION
DATE |
: |
16/11/2015 |
|
COMPANY
STATUS |
: |
EXIST |
|
LEGAL
FORM |
: |
PRIVATE
LIMITED (LIMITED BY SHARE) |
|
LISTED
STATUS |
: |
NO |
|
REGISTERED
ADDRESS |
: |
138,
MARKET STREET, 26-01, CAPITAGREEN, 048946, SINGAPORE. |
|
BUSINESS
ADDRESS |
: |
138,
MARKET STREET, 26-01, CAPIATAGREEN, 048946, SINGAPORE. |
|
TEL.NO. |
: |
65-66792600 |
|
FAX.NO. |
: |
65-68264143 |
|
CONTACT
PERSON |
: |
RODNEY
HAROLD ELLIOTT ( DIRECTOR ) |
|
PRINCIPAL
ACTIVITY |
: |
TRADING
OF MANGANESE,COAL, MINERALS |
|
ISSUED
AND PAID UP CAPITAL |
: |
36,000,000.00
ORDINARY SHARE, OF A VALUE OF USD 36,000,000.00 |
|
SALES |
: |
USD
1,248,348,000 [2017] |
|
NET
WORTH |
: |
USD
46,242,000 [2017] |
|
STAFF
STRENGTH |
: |
130
[2018] |
|
LITIGATION |
: |
CLEAR |
|
FINANCIAL
CONDITION |
: |
STABLE |
|
PAYMENT |
: |
No
Complaints |
|
MANAGEMENT
CAPABILITY |
: |
AVERAGE |
|
COMMERCIAL
RISK |
: |
N/A |
|
CURRENCY
EXPOSURE |
: |
N/A |
|
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 manganese,coal,
minerals.
Share
Capital History
|
Date |
Issue
& Paid Up Capital |
|
23/01/2018 |
USD
36,000,000.00 |
The
major shareholder(s) of the Subject are shown as follows :
Current Shareholder(s) :
|
Name |
Address |
IC/PP/Loc
No |
Shareholding |
(%) |
|
SOUTH32
MARKETING PTE. LTD. |
138,
MARKET STREET, 26-01, CAPITAGREEN 048946 ,SINGAPORE |
201425243H |
21,600,000.00 |
60.00 |
|
ANGLO
AMERICAN LUXEMBOURG SARL |
44,
ESPLANADE, ST HELIER, JE4 9WG JERSEY |
T16UF3714 |
14,400,000.00 |
40.00 |
|
--------------- |
------ |
|||
|
36,000,000.00 |
100.00 |
|||
|
============ |
===== |
+
Also Director
DIRECTORS
|
DIRECTOR 1
|
Name
Of Subject |
: |
RODNEY
HAROLD ELLIOTT |
|
Address |
: |
18,
MARINA BOULEVARD, 37-10, MARINA BAY RESIDENCES, 018980, SINGAPORE. |
|
IC
/ PP No |
: |
G0463713K |
|
Nationality |
: |
AUSTRALIAN |
|
Date
of Appointment |
: |
01/06/2016 |
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 |
T11FC0199H |
ANGLO
AMERICAN MARKETING LIMITED SINGAPORE BRANCH |
Director |
01/03/2017 |
0.00 |
- |
USD106,694,000.00 |
2016 |
- |
08/11/2017 |
|
2 |
201540647H |
SAMANCOR
MARKETING PTE. LTD. |
Director |
01/06/2016 |
0.00 |
- |
USD10,246,000.00 |
2017 |
- |
23/01/2018 |
DIRECTOR 2
|
Name
Of Subject |
: |
PETER
HEALY FINNIMORE |
|
Address |
: |
6,
CUSCADEN WALK, 30-02, THE BOULEVARD RESIDENCE, 249691, SINGAPORE. |
|
IC
/ PP No |
: |
G0462589M |
|
Nationality |
: |
AUSTRALIAN |
|
Date
of Appointment |
: |
30/11/2016 |
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 |
201540647H |
SAMANCOR
MARKETING PTE. LTD. |
Director |
30/11/2016 |
0.00 |
- |
USD10,246,000.00 |
2017 |
- |
23/01/2018 |
|
2 |
201425243H |
SOUTH32
MARKETING PTE. LTD. |
Director |
30/09/2014 |
0.00 |
- |
USD87,858,000.00 |
2017 |
- |
03/01/2018 |
DIRECTOR 3
|
Name
Of Subject |
: |
MATTHEW
DAMIAN GILLESPIE |
|
Address |
: |
8A,
COTSWOLD CLOSE, 359655, SINGAPORE. |
|
IC
/ PP No |
: |
G3380883L |
|
Nationality |
: |
AUSTRALIAN |
|
Date
of Appointment |
: |
31/07/2017 |
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 |
201540647H |
SAMANCOR
MARKETING PTE. LTD. |
Director |
31/07/2017 |
0.00 |
- |
USD10,246,000.00 |
2017 |
- |
23/01/2018 |
DIRECTOR 4
|
Name
Of Subject |
: |
ANDREA
CORNWELL |
|
Address |
: |
132,
TANJONG RHU ROAD, 15-05, PEBBLE BAY, 436919, SINGAPORE. |
|
IC
/ PP No |
: |
G5178339K |
|
Nationality |
: |
AUSTRALIAN |
|
Date
of Appointment |
: |
29/11/2017 |
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 |
201540647H |
SAMANCOR
MARKETING PTE. LTD. |
Director |
29/11/2017 |
0.00 |
- |
USD10,246,000.00 |
2017 |
- |
23/01/2018 |
MANAGEMENT
|
|
1) |
Name
of Subject |
: |
RODNEY
HAROLD ELLIOTT |
|
Position |
: |
DIRECTOR |
|
|
|
AUDITOR
|
No Auditor found in our databank
COMPANY
SECRETARIES
|
|
1) |
Company
Secretary |
: |
KOH
HWEE PING |
|
IC
/ PP No |
: |
S7616169J |
|
|
Address |
: |
365,
TELOK KURAU ROAD, ST. PATRICK'S ROWS, 423881, SINGAPORE. |
|
|
|
BANKING
|
No Banker found in our databank.
ENCUMBRANCE
(S)
|
No encumbrance was found in our databank at the
time of investigation.
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.
DEFAULTER
CHECK AGAINST SUBJECT
|
* We have checked through the Subject in our
defaulters' database which comprised of debtors that have been blacklisted by
our customers and debtors that have been placed or assigned to us for
collection.
No blacklisted record & debt collection case
was found in our defaulters' databank.
PAYMENT
RECORD
|
|
||
|
SOURCES
OF RAW MATERIALS: |
||
|
Local |
: |
N/A |
|
Overseas |
: |
N/A |
The staff from the registered office refused to
disclose the Subject's 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 |
: |
N/A |
|
Overseas |
: |
N/A |
The staff from the registered office refused to disclose
the Subject's clientele.
OPERATIONS
|
|
Goods
Traded |
: |
MANGANESE,COAL,
MINERALS |
|
|
Total
Number of Employees: |
|||||||||
|
YEAR |
2018 |
||||||||
|
GROUP |
N/A |
||||||||
|
COMPANY |
130 |
||||||||
|
Branch |
: |
NO |
Other
Information:
The Subject is principally engaged in the (as a
/ as an) trading of manganese,coal, minerals.
The staff from the registered office refused to
disclose the Subject's operation.
CURRENT
INVESTIGATION
|
Latest
fresh investigations carried out on the Subject indicated that :
|
Telephone
Number Provided By Client |
: |
N/A |
|
Current
Telephone Number |
: |
65-66792600 |
|
Match |
: |
N/A |
|
Address
Provided by Client |
: |
138
MARKET STREET # 26-01 CAPITAGREEN 048946 |
|
Current
Address |
: |
138,
MARKET STREET, 26-01, CAPIATAGREEN, 048946, SINGAPORE. |
|
Match |
: |
YES |
|
|
||
Other
Investigations
On 24th January 2018 we contacted one of the staff
from the Subject's registered office and he provided some information.
He refused to disclose the Subject's bankers.
FINANCIAL
ANALYSIS
|
|
Profitability |
||||||
|
Turnover |
: |
Increased |
[ |
0.00% |
] |
|
|
Profit/(Loss)
Before Tax |
: |
Increased |
[ |
284,750.00% |
] |
|
|
Return
on Shareholder Funds |
: |
Acceptable |
[ |
22.16% |
] |
|
|
Return
on Net Assets |
: |
Acceptable |
[ |
25.16% |
] |
|
|
The
higher turnover could be attributed to the favourable market condition.The
management had succeeded in turning the Subject into a profit making company.
The profit could be due to better control of its operating costs and
efficiency in utilising its resources. The Subject's management had generated
acceptable return for its shareholders using its assets. |
||||||
|
Working
Capital Control |
||||||
|
Stock
Ratio |
: |
Favourable |
[ |
3
Days |
] |
|
|
Debtor
Ratio |
: |
Favourable |
[ |
29
Days |
] |
|
|
Creditors
Ratio |
: |
Favourable |
[ |
2
Days |
] |
|
|
The
Subject's stocks were moving fast thus reducing its holding cost. This had
reduced funds being tied up in 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 |
[ |
1.19
Times |
] |
|
|
Current
Ratio |
: |
Unfavourable |
[ |
1.25
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 |
[ |
46.73
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 : |
||||||
|
The
higher turnover had helped to reduce the Subject's losses. 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 : |
2012 |
2013 |
2014 |
2015 |
2016* |
|
|
|||||
|
Population
(Million) |
5.31 |
5.40 |
5.47 |
5.54 |
5.63 |
|
Gross
Domestic Products ( % ) |
1.3 |
3.7 |
(3.5) |
3.7 |
4.8 |
|
Consumer
Price Index |
4.6 |
2.4 |
2.4 |
(0.5) |
(0.7) |
|
Total
Imports (Million) |
474,554.0 |
466,762.0 |
463,779.1 |
407,767.9 |
398,372.0 |
|
Total
Exports (Million) |
510,329.0 |
513,391.0 |
518,922.7 |
476,285.4 |
468,552.0 |
|
|
|||||
|
Unemployment
Rate (%) |
2.0 |
1.9 |
1.9 |
1.9 |
2.1 |
|
Tourist
Arrival (Million) |
14.49 |
15.46 |
15.01 |
15.23 |
16.28 |
|
Hotel
Occupancy Rate (%) |
86.4 |
86.3 |
85.5 |
85.0 |
- |
|
Cellular
Phone Subscriber (Million) |
1.52 |
1.97 |
1.98 |
1.99 |
- |
|
|
|||||
|
Registration
of New Companies (No.) |
31,892 |
37,288 |
41,589 |
34,243 |
35,528 |
|
Registration
of New Companies (%) |
(1.3) |
9.8 |
11.5 |
(17.7) |
3.8 |
|
Liquidation
of Companies (No.) |
17,218 |
17,369 |
18,767 |
21,384 |
- |
|
Liquidation
of Companies (%) |
9.4 |
(5.3) |
8.0 |
13.9 |
- |
|
|
|||||
|
Registration
of New Businesses (No.) |
24,788 |
22,893 |
35,773 |
28,480 |
33,326 |
|
Registration
of New Businesses (%) |
5.51 |
1.70 |
56.30 |
(20.39) |
17.02 |
|
Liquidation
of Businesses (No.) |
22,489 |
22,598 |
22,098 |
26,116 |
- |
|
Liquidation
of Businesses (%) |
(2.2) |
0.5 |
(2.2) |
18.2 |
- |
|
|
|||||
|
Bankruptcy
Orders (No.) |
1,748 |
1,992 |
1,757 |
1,776 |
- |
|
Bankruptcy
Orders (%) |
14.5 |
14.0 |
(11.8) |
1.0 |
- |
|
Bankruptcy
Discharges (No.) |
1,881 |
2,584 |
3,546 |
3,499 |
- |
|
Bankruptcy
Discharges (%) |
35.2 |
37.4 |
37.2 |
(1.3) |
- |
|
|
|||||
|
INDUSTRIES
( % of Growth ) : |
|||||
|
Agriculture |
|||||
|
Production
of Principal Crops |
5.16 |
1.78 |
4.29 |
3.04 |
- |
|
Fish
Supply & Wholesale |
(0.5) |
(3.8) |
(8.6) |
(8.5) |
(9.9) |
|
|
|||||
|
Manufacturing
# |
|||||
|
Food,
Beverages & Tobacco |
97.9 |
97.9 |
99.4 |
100.0 |
103.7 |
|
Textiles |
140.1 |
119.5 |
102.7 |
100.0 |
93.3 |
|
Wearing
Apparel |
395.4 |
334.1 |
212.6 |
100.0 |
80.3 |
|
Leather
Products & Footwear |
109.5 |
122.0 |
106.5 |
100.0 |
93.2 |
|
Wood
& Wood Products |
93.3 |
103.0 |
107.2 |
100.0 |
90.5 |
|
Paper
& Paper Products |
98.5 |
104.4 |
104.5 |
100.0 |
99.7 |
|
Printing
& Media |
122.8 |
113.8 |
105.968 |
100.0 |
86.9 |
|
Crude
Oil Refineries |
107.1 |
100.7 |
92.2 |
100.0 |
100.5 |
|
Chemical
& Chemical Products |
85.3 |
88.4 |
96.7 |
100.0 |
97.6 |
|
Pharmaceutical
Products |
103.8 |
101.421 |
109.4 |
100.0 |
115.9 |
|
Rubber
& Plastic Products |
113.5 |
109.497 |
109.2 |
100.0 |
87.9 |
|
Non-metallic
Mineral |
108.8 |
107.4 |
90.759 |
100.0 |
93.6 |
|
Basic
Metals |
91.5 |
77.2 |
99.3 |
100.0 |
113.1 |
|
Fabricated
Metal Products |
107.314 |
107.5 |
107.757 |
100.0 |
91.7 |
|
Machinery
& Equipment |
107.3 |
109.1 |
118.2 |
100.0 |
79.3 |
|
Electrical
Machinery |
80.102 |
87.4 |
97.871 |
100.0 |
99.3 |
|
Electronic
Components |
100.7 |
105.0 |
105.6 |
100.0 |
106.3 |
|
Transport
Equipment |
109.9 |
111.1 |
106.68 |
100.0 |
98.7 |
|
|
|||||
|
Construction |
28.70 |
25.40 |
22.00 |
- |
- |
|
Real
Estate |
31.9 |
88.5 |
145.1 |
- |
- |
|
|
|||||
|
Services |
|||||
|
Electricity,
Gas & Water |
6.30 |
6.70 |
6.50 |
- |
- |
|
Transport,
Storage & Communication |
5.30 |
9.80 |
14.20 |
- |
- |
|
Finance
& Insurance |
0.50 |
3.30 |
6.00 |
- |
7.40 |
|
Government
Services |
6.00 |
6.50 |
6.30 |
- |
- |
|
Education
Services |
0.30 |
3.10 |
5.98 |
- |
2.40 |
|
|
|||||
|
*
Estimate / Preliminary |
|||||
|
#
Based on Index of Industrial Production (2015 = 100) |
INDUSTRY
ANALYSIS
|
|
INDUSTRY
: |
TRADING |
|
The
wholesale & retail trade sector expanded by 6.8% in the third quarter of
2015, higher than the 6.0% growth in the preceding quarter. Growth was
supported by both the wholesale trade and retail trade segments. The wholesale
trade segment was boosted by an increase in both domestic and foreign
wholesale trade sales volume. In particular, the domestic wholesale trade
index rose by 7.4%, following the 8.1 % increase in the previous quarter. The
strong performance in domestic wholesale trade was due to a surge in the
sales of petroleum and petroleum products (14%), chemicals & chemical
products (39%) and telecommunications & computers (18%). |
|
|
Similarly,
the foreign wholesale trade index rose by 10% in the third quarter of 2015,
accelerating from the 6.9% rise in the previous quarter. Growth was driven by
improvements in the sales of petroleum & petroleum products (21%),
metals, timber & construction materials (10%) and general wholesale trade
(8.8%). |
|
|
Overall
retail trade sales volume also recorded resilient growth of 5.6% in the third
quarter of 2015, extending the 6.4 % expansion in the second quarter. Growth
was supported by a surge in the volume of motor vehicle sales (44%), which
was in turn due to a substantial increase in the supply of Certificate of
Entitlements. Excluding motor vehicles, retail sales volume increased at a
much slower pace of 0.7% over the same period. The increase in retail sales
volume (excluding motor vehicles) was due to improved non-discretionary goods
sales. For instance, the sales of medical goods & toiletries and
department store goods rose by 8.1% and 3.6% respectively. |
|
|
According
to the Retail News Asia, Food and beverage has overtaken fashion as the primary
driver of demand for retail real estate in Singapore. Despite declining
retail sales and consumer spending, the prime retail sector remained in good
shape during the third quarter 2015. |
|
|
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. |
|
SAMANCOR
MARKETING PTE. LTD. |
|
Financial
Year End |
2017-06-30 |
2016-06-30 |
|
Months |
12 |
8 |
|
Consolidated
Account |
Company |
Company |
|
Audited
Account |
YES |
YES |
|
Unqualified
Auditor's Report (Clean Opinion) |
YES |
YES |
|
Financial
Type |
FULL |
FULL |
|
Currency |
USD |
USD |
|
TURNOVER |
1,248,348,000 |
- |
|
Other
Income |
176,000 |
- |
|
---------------- |
---------------- |
|
|
Total
Turnover |
1,248,524,000 |
- |
|
Costs
of Goods Sold |
(1,230,556,000) |
- |
|
---------------- |
---------------- |
|
|
Gross
Profit |
17,968,000 |
- |
|
---------------- |
---------------- |
|
|
PROFIT/(LOSS)
FROM OPERATIONS |
11,386,000 |
(4,000) |
|
---------------- |
---------------- |
|
|
PROFIT/(LOSS)
BEFORE TAXATION |
11,386,000 |
(4,000) |
|
Taxation |
(1,140,000) |
- |
|
---------------- |
---------------- |
|
|
PROFIT/(LOSS)
AFTER TAXATION |
10,246,000 |
(4,000) |
|
---------------- |
---------------- |
|
|
RETAINED
PROFIT/(LOSS) BROUGHT FORWARD |
||
|
As
previously reported |
(4,000) |
- |
|
---------------- |
---------------- |
|
|
As
restated |
(4,000) |
- |
|
---------------- |
---------------- |
|
|
PROFIT
AVAILABLE FOR APPROPRIATIONS |
10,242,000 |
(4,000) |
|
---------------- |
---------------- |
|
|
RETAINED
PROFIT/(LOSS) CARRIED FORWARD |
10,242,000 |
(4,000) |
|
============= |
============= |
|
|
INTEREST
EXPENSE (as per notes to P&L) |
||
|
Others |
249,000 |
- |
|
---------------- |
---------------- |
|
|
249,000 |
- |
|
|
============= |
|
|
BALANCE
SHEET
|
|
SAMANCOR
MARKETING PTE. LTD. |
|
CURRENT
ASSETS |
||
|
Stocks |
9,936,000 |
- |
|
Trade
debtors |
99,356,000 |
- |
|
Other
debtors, deposits & prepayments |
2,809,000 |
1,000,000 |
|
Amount
due from related companies |
122,150,000 |
- |
|
---------------- |
---------------- |
|
|
TOTAL
CURRENT ASSETS |
234,251,000 |
1,000,000 |
|
---------------- |
---------------- |
|
|
TOTAL
ASSET |
234,251,000 |
1,000,000 |
|
============= |
============= |
|
|
CURRENT
LIABILITIES |
||
|
Trade
creditors |
7,196,000 |
- |
|
Other
creditors & accruals |
812,000 |
4,000 |
|
Amounts
owing to related companies |
178,725,000 |
- |
|
Provision
for taxation |
1,140,000 |
- |
|
Other
liabilities |
136,000 |
- |
|
---------------- |
---------------- |
|
|
TOTAL
CURRENT LIABILITIES |
188,009,000 |
4,000 |
|
---------------- |
---------------- |
|
|
NET
CURRENT ASSETS/(LIABILITIES) |
46,242,000 |
996,000 |
|
---------------- |
---------------- |
|
|
TOTAL
NET ASSETS |
46,242,000 |
996,000 |
|
============= |
============= |
|
|
FINANCED
BY: |
||
|
SHARE
CAPITAL |
||
|
Ordinary
share capital |
36,000,000 |
1,000,000 |
|
---------------- |
---------------- |
|
|
TOTAL
SHARE CAPITAL |
36,000,000 |
1,000,000 |
|
RESERVES |
||
|
Retained
profit/(loss) carried forward |
10,242,000 |
(4,000) |
|
---------------- |
---------------- |
|
|
TOTAL
RESERVES |
10,242,000 |
(4,000) |
|
---------------- |
---------------- |
|
|
SHAREHOLDERS'
FUNDS/EQUITY |
46,242,000 |
996,000 |
|
============= |
|
|
FINANCIAL
RATIO
|
|
SAMANCOR
MARKETING PTE. LTD. |
|
TYPES
OF FUNDS |
||
|
Cash |
0 |
0 |
|
Net
Liquid Funds |
0 |
0 |
|
Net
Liquid Assets |
36,306,000 |
996,000 |
|
Net
Current Assets/(Liabilities) |
46,242,000 |
996,000 |
|
Net
Tangible Assets |
46,242,000 |
996,000 |
|
Net
Monetary Assets |
36,306,000 |
996,000 |
|
PROFIT
& LOSS ITEMS |
||
|
Earnings
Before Interest & Tax (EBIT) |
11,635,000 |
(4,000) |
|
Earnings
Before Interest, Taxes, Depreciation And Amortization (EBITDA) |
11,635,000 |
(4,000) |
|
BALANCE
SHEET ITEMS |
||
|
Total
Borrowings |
0 |
0 |
|
Total
Liabilities |
188,009,000 |
4,000 |
|
Total
Assets |
234,251,000 |
1,000,000 |
|
Net
Assets |
46,242,000 |
996,000 |
|
Net
Assets Backing |
46,242,000 |
996,000 |
|
Shareholders'
Funds |
46,242,000 |
996,000 |
|
Total
Share Capital |
36,000,000 |
1,000,000 |
|
Total
Reserves |
10,242,000 |
(4,000) |
|
GROWTH
RATIOS (Year on Year) (%) |
||
|
Revenue |
- |
- |
|
Proft/(Loss)
Before Tax |
284,750.00 |
- |
|
Proft/(Loss)
After Tax |
256,250.00 |
- |
|
Total
Assets |
23,325.10 |
- |
|
Total
Liabilities |
4,700,125.00 |
- |
|
LIQUIDITY
(Times) |
||
|
Cash
Ratio |
0 |
0 |
|
Liquid
Ratio |
1.19 |
250.00 |
|
Current
Ratio |
1.25 |
250.00 |
|
WORKING
CAPITAL CONTROL (Days) |
||
|
Stock
Ratio |
3 |
0 |
|
Debtors
Ratio |
29 |
0 |
|
Creditors
Ratio |
2 |
0 |
|
SOLVENCY
RATIOS (Times) |
||
|
Gearing
Ratio |
0 |
0 |
|
Liabilities
Ratio |
4.07 |
0 |
|
Times
Interest Earned Ratio |
46.73 |
0 |
|
Assets
Backing Ratio |
1.28 |
1.00 |
|
PERFORMANCE
RATIO (%) |
||
|
Operating
Profit Margin |
0.91 |
0 |
|
Net
Profit Margin |
0.82 |
0 |
|
Return
On Net Assets |
25.16 |
(0.40) |
|
Return
On Capital Employed |
25.16 |
(0.40) |
|
Return
On Shareholders' Funds/Equity |
22.16 |
(0.40) |
|
Dividend
Pay Out Ratio (Times) |
0 |
0 |
|
NOTES
TO ACCOUNTS |
||
|
Contingent
Liabilities |
0 |
0 |
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
INR 63.75 |
|
|
1 |
INR 89.39 |
|
Euro |
1 |
INR 78.54 |
|
SGD |
1 |
INR 48.52 |
Note :
Above are approximate rates obtained from sources believed to be correct
INFORMATION DETAILS
|
Analysis Done by
: |
PRI |
|
|
|
|
Report Prepared
by : |
KET |
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.