|
|
|
MIRA INFORM REPORT
|
Report No. : |
484884 |
|
Report Date : |
11.01.2018 |
IDENTIFICATION DETAILS
|
Name : |
BASF COLORS &
EFFECTS SINGAPORE PTE. LTD. |
|
|
|
|
Registered Office : |
7, Temasek Boulevard, 35-01, Suntec Tower One,
038987 |
|
|
|
|
Country : |
Singapore |
|
|
|
|
Financials (as on) : |
31.12.2016 |
|
|
|
|
Date of Incorporation : |
22.03.2016 |
|
|
|
|
Com. Reg. No.: |
201607463G |
|
|
|
|
Legal Form : |
Private Limited (Limited By Share) |
|
|
|
|
Line of Business : |
The subject is principally engaged in the
trading of chemicals, colourants and pigments. |
|
|
|
|
No. of Employees : |
150 [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 : |
Slow but correct |
|
|
|
|
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 2014-16 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. |
: |
201607463G |
|
COMPANY NAME |
: |
BASF COLORS & EFFECTS SINGAPORE PTE.
LTD. |
|
FORMER NAME |
: |
N/A |
|
INCORPORATION DATE |
: |
22/03/2016 |
|
COMPANY STATUS |
: |
EXIST |
|
LEGAL FORM |
: |
PRIVATE LIMITED (LIMITED BY SHARE) |
|
LISTED STATUS |
: |
NO |
|
REGISTERED ADDRESS |
: |
7, TEMASEK BOULEVARD, 35-01, SUNTEC TOWER ONE,
038987, SINGAPORE. |
|
BUSINESS ADDRESS |
: |
7, TEMASEK BOULEVARD, 35-01, SUNTEC TOWER
ONE, 038087, SINGAPORE. |
|
TEL.NO. |
: |
65-63370330 |
|
FAX.NO. |
: |
65-63340330 |
|
CONTACT PERSON |
: |
QIN RONG ( DIRECTOR ) |
|
PRINCIPAL ACTIVITY |
: |
TRADING OF CHEMICALS, COLOURANTS AND
PIGMENTS |
|
ISSUED AND PAID UP CAPITAL |
: |
4,400,000.00 ORDINARY SHARE, OF A VALUE OF
USD 4,400,000.00 |
|
SALES |
: |
USD 152,844,000 [2016] |
|
NET WORTH |
: |
USD 6,260,000 [2016] |
|
STAFF STRENGTH |
: |
150 [2018] |
|
LITIGATION |
: |
CLEAR |
|
FINANCIAL CONDITION |
: |
FAIR |
|
PAYMENT |
: |
SLOW BUT CORRECT |
|
MANAGEMENT CAPABILITY |
: |
AVERAGE |
|
COMMERCIAL RISK |
: |
MODERATE |
|
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 chemicals, colourants and pigments.
The immediate holding company of the Subject
is BASF NEDERLAND B. V., a company incorporated in NETHERLANDS.
The ultimate holding company of the Subject
is BASF SE, a company incorporated in GERMANY.
Share Capital History
|
Date |
Issue & Paid Up Capital |
|
09/01/2018 |
USD 4,400,000.00 |
The major shareholder(s) of the Subject are
shown as follows :
Current Shareholder(s) :
|
Name |
Address |
IC/PP/Loc No |
Shareholding |
(%) |
|
BASF NEDERLAND B. V. |
GRONINGENSINGEL 1, 6835EA ARNHEM
NETHERLANDS |
T16UF1771 |
4,400,000.00 |
100.00 |
|
--------------- |
------ |
|||
|
4,400,000.00 |
100.00 |
|||
|
============ |
===== |
+ Also Director
DIRECTORS
|
DIRECTOR 1
|
Name Of Subject |
: |
CARMEN MA KA MUN |
|
Address |
: |
543, DUNMAN ROAD, 08-08, QUESTA @ DUNMAN, 439219,
SINGAPORE. |
|
IC / PP No |
: |
G3320468Q |
|
Nationality |
: |
HONGKONGESE |
|
Date of Appointment |
: |
01/02/2017 |
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 |
201607463G |
BASF COLORS & EFFECTS SINGAPORE PTE.
LTD. |
Director |
01/02/2017 |
0.00 |
- |
USD1,860,000.00 |
2016 |
- |
09/01/2018 |
DIRECTOR 2
|
Name Of Subject |
: |
LAY QUEE HUAT @ LAY KWEE HUAT |
|
Address |
: |
382, MACPHERSON ROAD, 368115, SINGAPORE. |
|
IC / PP No |
: |
S1641770Z |
|
Nationality |
: |
SINGAPOREAN |
|
Date of Appointment |
: |
22/03/2016 |
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 |
201607463G |
BASF COLORS & EFFECTS SINGAPORE PTE.
LTD. |
Director |
22/03/2016 |
0.00 |
- |
USD1,860,000.00 |
2016 |
- |
09/01/2018 |
MANAGEMENT
|
|
1) |
Name of Subject |
: |
MA KA MUN CARMEN |
|
Position |
: |
MANAGING DIRECTOR |
|
|
2) |
Name of Subject |
: |
QIN RONG |
|
Position |
: |
DIRECTOR |
|
AUDITOR
|
|
Auditor |
: |
KPMG LLP |
|
Auditor' Address |
: |
N/A |
COMPANY SECRETARIES
|
|
1) |
Company Secretary |
: |
ALOYSIUS LENG SIEW WEI |
|
IC / PP No |
: |
S0081886J |
|
|
Address |
: |
526, EAST COAST ROAD, 05-02, OCEAN PARK,
458968, 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.
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 |
: |
AS AGREED |
|||
|
Payment Mode |
: |
CHEQUES |
|||
OPERATIONS
|
|
Goods Traded |
: |
CHEMICALS, COLOURANTS AND PIGMENTS |
|
|
Total Number of Employees: |
|||||||||
|
YEAR |
2018 |
2016 |
|||||||
|
|
|||||||||
|
GROUP |
N/A |
N/A |
|||||||
|
COMPANY |
150 |
150 |
|||||||
|
Branch |
: |
NO |
Other Information:
The Subject is principally engaged in the (as a / as an) trading of chemicals,
colourants and pigments.
The Subject deals with chemicals. colourant and pigments.
CURRENT INVESTIGATION
|
Latest fresh investigations carried out on the
Subject indicated that :
|
Telephone Number Provided By Client |
: |
N/A |
|
Current Telephone Number |
: |
65-63370330 |
|
Match |
: |
N/A |
|
Address Provided by Client |
: |
7-TEMASEK BOULEVARD NO 35-01 SUNTEC TOWER
ONE SINGAPORE 038987 |
|
Current Address |
: |
7, TEMASEK BOULEVARD, 35-01, SUNTEC TOWER
ONE, 038087, SINGAPORE. |
|
Match |
: |
YES |
|
|
||
Other Investigations
We contacted one of the staff from the Subject and he provided some
information.
The Subject refused to disclose its bankers.
FINANCIAL ANALYSIS
|
|
Profitability |
||||||
|
Return on Shareholder Funds |
: |
Acceptable |
[ |
29.71% |
] |
|
|
Return on Net Assets |
: |
Favourable |
[ |
40.75% |
] |
|
|
The Subject's management had generated
acceptable return for its shareholders using its assets. |
||||||
|
Working Capital Control |
||||||
|
Stock Ratio |
: |
Favourable |
[ |
12 Days |
] |
|
|
Debtor Ratio |
: |
Favourable |
[ |
33 Days |
] |
|
|
Creditors Ratio |
: |
Favourable |
[ |
5 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 |
[ |
1.02 Times |
] |
|
|
Current Ratio |
: |
Unfavourable |
[ |
1.08 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 |
: |
Acceptable |
[ |
8.68 Times |
] |
|
|
Gearing Ratio |
: |
Favourable |
[ |
0.00 Times |
] |
|
|
The Subject's interest cover was slightly low.
If there is no sharp fall in its profit or sudden increase in the interest
rates, we believe the Subject is able to generate sufficient income to
service its interest and repay the loans. 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 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 had an acceptable interest cover. If there is no
sudden sharp increase in interest rate or fall in the Subject's profit, we do
believe the Subject is able to generate sufficient cash flow to service its
interest payment. 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
: FAIR |
||||||
|
|
||||||
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. |
|
BASF COLORS & EFFECTS SINGAPORE PTE.
LTD. |
|
Financial Year End |
2016-12-31 |
|
Months |
9 |
|
Consolidated Account |
Company |
|
Audited Account |
YES |
|
Unqualified Auditor's Report (Clean
Opinion) |
YES |
|
Financial Type |
FULL |
|
Currency |
USD |
|
TURNOVER |
152,844,000 |
|
---------------- |
|
|
Total Turnover |
152,844,000 |
|
Costs of Goods Sold |
(147,572,000) |
|
---------------- |
|
|
Gross Profit |
5,272,000 |
|
---------------- |
|
|
PROFIT/(LOSS) FROM OPERATIONS |
2,257,000 |
|
---------------- |
|
|
PROFIT/(LOSS) BEFORE TAXATION |
2,257,000 |
|
Taxation |
(397,000) |
|
---------------- |
|
|
PROFIT/(LOSS) AFTER TAXATION |
1,860,000 |
|
---------------- |
|
|
PROFIT AVAILABLE FOR APPROPRIATIONS |
1,860,000 |
|
---------------- |
|
|
RETAINED PROFIT/(LOSS) CARRIED FORWARD |
1,860,000 |
|
============= |
|
|
INTEREST EXPENSE (as per notes to P&L) |
|
|
Loan from holding company |
294,000 |
|
---------------- |
|
|
294,000 |
|
|
============= |
|
|
|
|
BALANCE SHEET
|
|
BASF COLORS & EFFECTS SINGAPORE PTE.
LTD. |
|
Stocks |
4,979,000 |
|
Trade debtors |
13,739,000 |
|
Short term deposits |
7,905,000 |
|
Amount due from related companies |
52,171,000 |
|
Cash & bank balances |
104,000 |
|
Others |
1,195,000 |
|
---------------- |
|
|
TOTAL CURRENT ASSETS |
80,093,000 |
|
---------------- |
|
|
TOTAL ASSET |
80,093,000 |
|
============= |
|
|
CURRENT LIABILITIES |
|
|
Trade creditors |
2,025,000 |
|
Other creditors & accruals |
307,000 |
|
Amounts owing to holding company |
55,000 |
|
Amounts owing to related companies |
71,046,000 |
|
Provision for taxation |
397,000 |
|
Other liabilities |
3,000 |
|
---------------- |
|
|
TOTAL CURRENT LIABILITIES |
73,833,000 |
|
---------------- |
|
|
NET CURRENT ASSETS/(LIABILITIES) |
6,260,000 |
|
---------------- |
|
|
TOTAL NET ASSETS |
6,260,000 |
|
============= |
|
|
SHARE CAPITAL |
|
|
Ordinary share capital |
4,400,000 |
|
---------------- |
|
|
TOTAL SHARE CAPITAL |
4,400,000 |
|
Retained profit/(loss) carried forward |
1,860,000 |
|
---------------- |
|
|
TOTAL RESERVES |
1,860,000 |
|
---------------- |
|
|
SHAREHOLDERS' FUNDS/EQUITY |
6,260,000 |
|
---------------- |
|
|
6,260,000 |
|
|
============= |
|
|
|
|
FINANCIAL RATIO
|
|
BASF COLORS & EFFECTS SINGAPORE PTE.
LTD. |
|
TYPES OF FUNDS |
|
|
Cash |
8,009,000 |
|
Net Liquid Funds |
8,009,000 |
|
Net Liquid Assets |
1,281,000 |
|
Net Current Assets/(Liabilities) |
6,260,000 |
|
Net Tangible Assets |
6,260,000 |
|
Net Monetary Assets |
1,281,000 |
|
PROFIT & LOSS ITEMS |
|
|
Earnings Before Interest & Tax (EBIT) |
0 |
|
Earnings Before Interest, Taxes,
Depreciation And Amortization (EBITDA) |
2,551,000 |
|
BALANCE SHEET ITEMS |
|
|
Total Borrowings |
0 |
|
Total Liabilities |
73,833,000 |
|
Total Assets |
80,093,000 |
|
Net Assets |
6,260,000 |
|
Net Assets Backing |
6,260,000 |
|
Shareholders' Funds |
6,260,000 |
|
Total Share Capital |
4,400,000 |
|
Total Reserves |
1,860,000 |
|
GROWTH RATIOS (Year on Year) |
|
|
Revenue |
- |
|
Proft/(Loss) Before Tax |
- |
|
Proft/(Loss) After Tax |
- |
|
Total Assets |
- |
|
Total Liabilities |
- |
|
LIQUIDITY (Times) |
|
|
Cash Ratio |
0.11 |
|
Liquid Ratio |
1.02 |
|
Current Ratio |
1.08 |
|
WORKING CAPITAL CONTROL (Days) |
|
|
Stock Ratio |
12 |
|
Debtors Ratio |
33 |
|
Creditors Ratio |
5 |
|
SOLVENCY RATIOS (Times) |
|
|
Gearing Ratio |
0 |
|
Liabilities Ratio |
11.79 |
|
Times Interest Earned Ratio |
8.68 |
|
Assets Backing Ratio |
1.42 |
|
PERFORMANCE RATIO (%) |
|
|
Operating Profit Margin |
1.48 |
|
Net Profit Margin |
1.22 |
|
Return On Net Assets |
40.75 |
|
Return On Capital Employed |
40.75 |
|
Return On Shareholders' Funds/Equity |
29.71 |
|
Dividend Pay Out Ratio (Times) |
0 |
|
NOTES TO ACCOUNTS |
|
|
Contingent Liabilities |
0 |
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
INR 63.83 |
|
|
1 |
INR 86.28 |
|
Euro |
1 |
INR 76.14 |
|
SGD |
1 |
INR 47.78 |
Note :
Above are approximate rates obtained from sources believed to be correct
INFORMATION DETAILS
|
Analysis Done by
: |
PRI |
|
|
|
|
Report Prepared
by : |
TPT |
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.