|
|
|
MIRA
INFORM REPORT
|
Report No. : |
497228 |
|
Report Date : |
17.03.2018 |
IDENTIFICATION DETAILS
|
Name : |
AGRI OILS PTE. LTD. |
|
|
|
|
Registered Office : |
12, Marina Boulevard, 17-01, Marina Bay Financial Centre,
018982 |
|
|
|
|
Country : |
Singapore |
|
|
|
|
Financials (as on) : |
31.03.2016 |
|
|
|
|
Date of Incorporation : |
18.04.2012 |
|
|
|
|
Com. Reg. No.: |
201209685C |
|
|
|
|
Legal Form : |
Exempt Private (Limited By Share) |
|
|
|
|
Line of Business : |
The Subject is engaged in the trading of edible oil products. |
|
|
|
|
No. of Employees : |
11 |
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+ |
Low Risk |
Business dealings permissible with low
risk of default |
|
Status : |
Good |
|
|
|
|
Payment Behaviour : |
Regular |
|
|
|
|
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. |
: |
201209685C |
||||
|
COMPANY NAME |
: |
AGRI OILS PTE. LTD. |
||||
|
FORMER NAME |
: |
N/A |
||||
|
INCORPORATION DATE |
: |
18/04/2012 |
||||
|
COMPANY STATUS |
: |
EXIST |
||||
|
LEGAL FORM |
: |
EXEMPT PRIVATE (LIMITED BY SHARE) |
||||
|
LISTED STATUS |
: |
NO |
||||
|
REGISTERED ADDRESS |
: |
12, MARINA BOULEVARD, 17-01, MARINA BAY FINANCIAL CENTRE,
018982, SINGAPORE. |
||||
|
BUSINESS ADDRESS |
: |
12 MARINA BOULEVARD, #17-01 MARINA BAY FINANCIAL, CENTRE TOWER
3, 018982, SINGAPORE. |
||||
|
TEL.NO. |
: |
65-68095201 |
||||
|
FAX.NO. |
: |
65-68095001 |
||||
|
WEB SITE |
: |
WWW.AGRI-OILS.COM |
||||
|
CONTACT PERSON |
: |
GOH CHEE KIANG ( DIRECTOR ) |
||||
|
PRINCIPAL ACTIVITY |
: |
TRADING OF EDIBLE OIL PRODUCTS |
||||
|
ISSUED AND PAID UP CAPITAL |
: |
251,717.00 ORDINARY SHARE, OF A VALUE OF SGD 251,717.00 |
||||
|
SALES |
: |
USD 25,251,900 [2016] |
||||
|
NET WORTH |
: |
USD 2,328,525 [2016] |
||||
|
STAFF STRENGTH |
: |
11 [2018] |
||||
|
||||||
|
LITIGATION |
: |
CLEAR |
||||
|
FINANCIAL CONDITION |
: |
STRONG |
||||
|
PAYMENT |
: |
REGULAR |
||||
|
MANAGEMENT CAPABILITY |
: |
AVERAGE |
||||
|
COMMERCIAL RISK |
: |
LOW |
||||
|
CURRENCY EXPOSURE |
: |
HIGH |
||||
|
GENERAL REPUTATION |
: |
SATISFACTORY |
||||
|
INDUSTRY OUTLOOK |
: |
AVERAGE GROWTH |
||||
HISTORY / BACKGROUND |
The Subject is an exempt private company whose shares are not held
by any corporate body and has no more than 20 shareholders who are all natural
persons. An exempt company is a type of private limited company. 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,
suing or be sued by other companies.
An exempt private company with an annual turnover of ≤ SGD10
million, or total assets ≤ SGD10 million or number of employees ≤
50 (meet at least 2 criteria for immediate past two financial years) are
exempted from statutory auditing requirements. The Subject is not required to
have their accounts audited. However, the Subject will prepare unaudited
accounts for purposes of AGMs and filing with Registry Office if it is unable
to meet all its obligations as and when they fall due.
An exempt private company with an annual turnover of more than
SGD10 million, or total assets more than SGD10 million or number of employees
more than 50 (meet at least 2 criteria for immediate past two financial years)
are required to file the audited financial.
The Subject is principally engaged in the (as a / as an) trading
of edible oil products.
Share Capital History
|
Date |
Issue & Paid Up Capital |
|
13/03/2018 |
SGD 251,717.00 & USD 700,000.00 |
The major shareholder(s) of the Subject are shown as follows :
Current Shareholder(s) :
|
Name |
Address |
IC/PP/Loc No |
Shareholding |
(%) |
|
GOH CHEE KIANG + |
2, SIMON LANE, 03-02, BLISS@KOVAN, 546053, SINGAPORE. |
F1311008P |
951,717.00 |
100.00 |
|
--------------- |
------ |
|||
|
951,717.00 |
100.00 |
|||
|
============ |
===== |
+ Also Director
DIRECTORS |
DIRECTOR 1
|
Name Of Subject |
: |
GOH CHEE KIANG |
|
Address |
: |
2, SIMON LANE, 03-02, BLISS@KOVAN, 546053, SINGAPORE. |
|
IC / PP No |
: |
F1311008P |
|
Nationality |
: |
MALAYSIAN |
|
Date of Appointment |
: |
18/04/2012 |
|
Remark |
: |
ORDINARY = USD 700,000 & SGD 251,717 |
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 |
201209685C |
AGRI OILS PTE. LTD. |
Director |
18/04/2012 |
951,717.00 |
100.00 |
USD1,249,963.00 |
2016 |
- |
13/03/2018 |
MANAGEMENT |
|
1) |
Name of Subject |
: |
GOH CHEE KIANG |
|
Position |
: |
DIRECTOR |
|
|
|
AUDITOR |
|
Auditor |
: |
ACUMEN ASSURANCE |
|
Auditor' Address |
: |
N/A |
|
|
COMPANY SECRETARIES |
|
1) |
Company Secretary |
: |
KONG TZE KARN |
|
IC / PP No |
: |
S8180791D |
|
|
Address |
: |
143, CECIL STREET, 16-03, GB BUILDING, 069542, SINGAPORE. |
|
|
|
BANKING |
Banking relations are maintained principally with :
|
1) |
Name |
: |
UNITED OVERSEAS BANK LIMITED |
ENCUMBRANCE (S) |
|
Charge No |
Creation Date |
Charge Description |
Chargee Name |
Total Charge |
Status |
|
C201710259 |
06/10/2017 |
N/A |
UNITED OVERSEAS BANK LIMITED |
- |
Unsatisfied |
|
C201710260 |
06/10/2017 |
N/A |
UNITED OVERSEAS BANK LIMITED |
- |
Unsatisfied |
|
C201712354 |
02/12/2017 |
N/A |
UNITED OVERSEAS BANK LIMITED |
- |
Unsatisfied |
CIVIL LITIGATION CHECK - SUBJECT COMPANY AS A DEFENDANT |
* 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.
CRIMINAL RECORDS CHECK - SUBJECT COMPANY AS A DEFENDANT |
* A check has been conducted in our databank againt the Subject whether the
subject has been involved in any litigation.
No criminal record was found in our databank.
CIVIL LITIGATION CHECK - SUBJECT COMPANY AS A PLAINTIFF |
* A check has been conducted in our databank againt the Subject whether the
subject has been involved in any litigation.
No plaintiff record was found in our databank.
CRIMINAL RECORDS CHECK - SUBJECT COMPANY AS A PLAINTIFF |
* A check has been conducted in our databank againt the Subject whether the
subject has been involved in any litigation.
PAYMENT RECORD |
|
|||||
|
SOURCES OF RAW MATERIALS: |
|
||||
|
Local |
: |
NO |
|
||
|
Overseas |
: |
YES |
Percentage |
: |
100% |
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 |
: |
AS AGREED |
|||
|
Payment Mode |
: |
CHEQUES |
|||
OPERATIONS |
|
Goods Traded |
: |
EDIBLE OIL PRODUCTS |
|
|
Total Number of Employees: |
|||||||||
|
YEAR |
2018 |
||||||||
|
|
|||||||||
|
GROUP |
N/A |
||||||||
|
COMPANY |
11 |
||||||||
|
Branch |
: |
NO |
Other Information:
The Subject is principally engaged in the (as a / as an) trading of edible oil
products.
The Subject is a fast growing commodities trading company in the South East
Asian region.
The products are as follows:
-Crude Palm Oil (CPO)
-RBD Palm Olein
-RBD Palm Oil
-RBD Palm Stearin
-Palm Fatty Acid Distillate (PFAD)
-Crude Palm Kernel Oil (CPKO)
-RBD Palm Kernel Oil (RBDPKO)
-Palm Kernel Fatty Acid Distillate (PKFAD)
-Crude Coconut Oil (CCNO)
-RBD Coconut Oil (RBDCNO)
-Coconut Fatty Acid Distillate (CFAD)
-Crude Glycerine (80% min)
-Refined Glycerine (99.5% min)
-Palm Methyl Ester (PME)
-Palm Kernel Methyl Ester (PKME)
-Oleochemical Products (Fatty Acids, Fatty Alcohols, Residues)
-Used Cooking Oil
CURRENT INVESTIGATION |
Latest fresh investigations carried out on the Subject indicated
that :
|
Telephone Number Provided By Client |
: |
N/A |
|
Current Telephone Number |
: |
65-68095201 |
|
Match |
: |
N/A |
|
Address Provided by Client |
: |
12, MARINA BOULEWARD, 17-01 MARINA BOULEWARD, 17-01, MARINA NAY
FINANCIAL CENTRE, TOWER 3 018982 SINGAPORE |
|
Current Address |
: |
12 MARINA BOULEVARD, #17-01 MARINA BAY FINANCIAL, CENTRE TOWER
3, 018982, SINGAPORE. |
|
Match |
: |
NO |
Other Investigations
We have contacted one of the staff from the Subject and she provided some
information.
The address is as per stated in the report.
FINANCIAL ANALYSIS |
|
|
|
Profitability |
||||||
|
Turnover |
: |
Increased |
[ |
2.53% |
] |
|
|
Profit/(Loss) Before Tax |
: |
Increased |
[ |
35.43% |
] |
|
|
Return on Shareholder Funds |
: |
Favourable |
[ |
53.68% |
] |
|
|
Return on Net Assets |
: |
Favourable |
[ |
61.84% |
] |
|
|
The higher turnover could be attributed to the favourable market
condition.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 |
||||||
|
Debtor Ratio |
: |
Unfavourable |
[ |
89 Days |
] |
|
|
Creditors Ratio |
: |
Favourable |
[ |
6 Days |
] |
|
|
The Subject's debtors ratio was high. The Subject should tighten
its credit control and improve its collection period. 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 |
[ |
1.46 Times |
] |
|
|
Current Ratio |
: |
Unfavourable |
[ |
1.46 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 |
[ |
0.00 Times |
] |
|
|
The Subject's interest cover was nil as it did not pay any
interest during the year. 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. 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 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 : STRONG |
||||||
|
|
||||||
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 |
|
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. |
|
AGRI OILS PTE. LTD. |
Note : The Subject is an Exempt Private Company and it is not
required by law to file its financials for public view. The below financials
are the last financial that submitted by the Subject to the Registrar before
changed to Exempt Private Company.
|
Financial Year End |
2016-03-31 |
2015-03-31 |
|
Months |
12 |
12 |
|
Consolidated Account |
Company |
Company |
|
Audited Account |
YES |
YES |
|
Unqualified Auditor's Report (Clean Opinion) |
YES |
YES |
|
Financial Type |
FULL |
FULL |
|
Currency |
USD |
USD |
|
TURNOVER |
25,251,900 |
24,629,861 |
|
Other Income |
126,379 |
175 |
|
---------------- |
---------------- |
|
|
Total Turnover |
25,378,279 |
24,630,036 |
|
Costs of Goods Sold |
(23,626,573) |
(23,311,842) |
|
---------------- |
---------------- |
|
|
Gross Profit |
1,751,706 |
1,318,194 |
|
---------------- |
---------------- |
|
|
PROFIT/(LOSS) FROM OPERATIONS |
1,440,069 |
1,063,329 |
|
---------------- |
---------------- |
|
|
PROFIT/(LOSS) BEFORE TAXATION |
1,440,069 |
1,063,329 |
|
Taxation |
(190,106) |
(131,124) |
|
---------------- |
---------------- |
|
|
PROFIT/(LOSS) AFTER TAXATION |
1,249,963 |
932,205 |
|
---------------- |
---------------- |
|
|
RETAINED PROFIT/(LOSS) BROUGHT FORWARD |
||
|
As previously reported |
1,178,561 |
246,356 |
|
---------------- |
---------------- |
|
|
As restated |
1,178,561 |
246,356 |
|
---------------- |
---------------- |
|
|
PROFIT AVAILABLE FOR APPROPRIATIONS |
2,428,524 |
1,178,561 |
|
DIVIDENDS - Ordinary (paid & proposed) |
(1,000,000) |
- |
|
---------------- |
---------------- |
|
|
RETAINED PROFIT/(LOSS) CARRIED FORWARD |
1,428,524 |
1,178,561 |
|
============= |
============= |
|
|
|
|
|
BALANCE SHEET |
|
|
|
AGRI OILS PTE. LTD. |
|
---------------- |
---------------- |
|
|
CURRENT ASSETS |
||
|
Short term quoted/unquoted investments |
95,774 |
- |
|
Trade debtors |
6,138,900 |
5,508,087 |
|
Other debtors, deposits & prepayments |
3,938 |
3,059 |
|
Short term loans & advances |
608,729 |
11,160 |
|
Cash & bank balances |
529,922 |
396,157 |
|
---------------- |
---------------- |
|
|
TOTAL CURRENT ASSETS |
7,377,263 |
5,918,463 |
|
---------------- |
---------------- |
|
|
TOTAL ASSET |
7,377,263 |
5,918,463 |
|
============= |
============= |
|
|
CURRENT LIABILITIES |
||
|
Trade creditors |
387,182 |
218,282 |
|
Other creditors & accruals |
14,468 |
258,425 |
|
Amounts owing to related companies |
3,512,534 |
3,199,287 |
|
Amounts owing to director |
813,324 |
21,837 |
|
Provision for taxation |
321,230 |
142,070 |
|
---------------- |
---------------- |
|
|
TOTAL CURRENT LIABILITIES |
5,048,738 |
3,839,901 |
|
---------------- |
---------------- |
|
|
NET CURRENT ASSETS/(LIABILITIES) |
2,328,525 |
2,078,562 |
|
---------------- |
---------------- |
|
|
TOTAL NET ASSETS |
2,328,525 |
2,078,562 |
|
============= |
============= |
|
|
FINANCED BY: |
||
|
SHARE CAPITAL |
||
|
Ordinary share capital |
900,001 |
900,001 |
|
---------------- |
---------------- |
|
|
TOTAL SHARE CAPITAL |
900,001 |
900,001 |
|
RESERVES |
||
|
Retained profit/(loss) carried forward |
1,428,524 |
1,178,561 |
|
---------------- |
---------------- |
|
|
TOTAL RESERVES |
1,428,524 |
1,178,561 |
|
---------------- |
---------------- |
|
|
SHAREHOLDERS' FUNDS/EQUITY |
2,328,525 |
2,078,562 |
|
============= |
============= |
|
|
|
|
|
FINANCIAL RATIO |
|
|
|
AGRI OILS PTE. LTD. |
|
TYPES OF FUNDS |
||
|
Cash |
529,922 |
396,157 |
|
Net Liquid Funds |
529,922 |
396,157 |
|
Net Liquid Assets |
2,328,525 |
2,078,562 |
|
Net Current Assets/(Liabilities) |
2,328,525 |
2,078,562 |
|
Net Tangible Assets |
2,328,525 |
2,078,562 |
|
Net Monetary Assets |
2,328,525 |
2,078,562 |
|
PROFIT & LOSS ITEMS |
||
|
Earnings Before Interest & Tax (EBIT) |
0 |
0 |
|
Earnings Before Interest, Taxes, Depreciation And Amortization
(EBITDA) |
1,440,069 |
1,063,329 |
|
BALANCE SHEET ITEMS |
||
|
Total Borrowings |
0 |
0 |
|
Total Liabilities |
5,048,738 |
3,839,901 |
|
Total Assets |
7,377,263 |
5,918,463 |
|
Net Assets |
2,328,525 |
2,078,562 |
|
Net Assets Backing |
2,328,525 |
2,078,562 |
|
Shareholders' Funds |
2,328,525 |
2,078,562 |
|
Total Share Capital |
900,001 |
900,001 |
|
Total Reserves |
1,428,524 |
1,178,561 |
|
GROWTH RATIOS (Year on Year) (%) |
||
|
Revenue |
2.53 |
- |
|
Proft/(Loss) Before Tax |
35.43 |
- |
|
Proft/(Loss) After Tax |
34.09 |
- |
|
Total Assets |
- |
- |
|
Total Liabilities |
- |
- |
|
LIQUIDITY (Times) |
||
|
Cash Ratio |
0.10 |
0.10 |
|
Liquid Ratio |
1.46 |
1.54 |
|
Current Ratio |
1.46 |
1.54 |
|
WORKING CAPITAL CONTROL (Days) |
||
|
Stock Ratio |
0 |
0 |
|
Debtors Ratio |
89 |
82 |
|
Creditors Ratio |
6 |
3 |
|
SOLVENCY RATIOS (Times) |
||
|
Gearing Ratio |
0 |
0 |
|
Liabilities Ratio |
2.17 |
1.85 |
|
Times Interest Earned Ratio |
0 |
0 |
|
Assets Backing Ratio |
2.59 |
2.31 |
|
PERFORMANCE RATIO (%) |
||
|
Operating Profit Margin |
5.70 |
4.32 |
|
Net Profit Margin |
4.95 |
3.78 |
|
Return On Net Assets |
61.84 |
51.16 |
|
Return On Capital Employed |
61.84 |
51.16 |
|
Return On Shareholders' Funds/Equity |
53.68 |
44.85 |
|
Dividend Pay Out Ratio (Times) |
0.80 |
0 |
|
NOTES TO ACCOUNTS |
||
|
Contingent Liabilities |
0 |
0 |
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
INR 64.87 |
|
|
1 |
INR 90.49 |
|
Euro |
1 |
INR 79.91 |
|
SGD |
1 |
INR 49.39 |
Note :
Above are approximate rates obtained from sources believed to be correct
INFORMATION DETAILS
|
Analysis Done by
: |
DIV |
|
|
|
|
Report Prepared
by : |
TRU |
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.