|
|
|
MIRA INFORM REPORT
|
Report No. : |
506476 |
|
Report Date : |
03.05.2018 |
IDENTIFICATION DETAILS
|
Name : |
VROBAL ENERGY & RESOURCES PTE. LTD. |
|
|
|
|
Registered Office : |
50, Tagore Lane,
03-10a, Entrepreneur Centre, 787494 |
|
|
|
|
Country : |
Singapore |
|
|
|
|
Financials (as on) : |
31.12.2015 |
|
|
|
|
Date of Incorporation : |
25.10.2007 |
|
|
|
|
Com. Reg. No.: |
200719822M |
|
|
|
|
Legal Form : |
Exempt Private
(Limited By Share) |
|
|
|
|
Line of Business : |
The Subject
is principally engaged in trading of metals ores, metal scraps and its
related products. |
|
|
|
|
No. of Employees : |
10 [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 : |
Unknown |
|
|
|
|
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 electronics, petroleum products, chemicals, medical and optical devices, pharmaceuticals, and on Singapore’s 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 from 2012-2017 was slower than during the previous decade, a result of slowing structural growth - as Singapore reached high-income levels - and soft global demand for exports. Growth recovered to 3.6% in 2017 with a strengthening global economy.
The government is attempting to restructure Singapore’s economy to reduce its dependence on foreign labor, raise productivity growth, and increase wages amid slowing labor force growth and an aging population. 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 signatory of the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP), and a party to the Regional Comprehensive Economic Partnership (RCEP) negotiations with 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. |
: |
200719822M |
|
COMPANY
NAME |
: |
VROBAL
ENERGY & RESOURCES PTE. LTD. |
|
FORMER
NAME |
: |
N/A |
|
INCORPORATION
DATE |
: |
25/10/2007 |
|
COMPANY
STATUS |
: |
EXIST |
|
LEGAL
FORM |
: |
EXEMPT
PRIVATE (LIMITED BY SHARE) |
|
LISTED
STATUS |
: |
NO |
|
REGISTERED
ADDRESS |
: |
50,
TAGORE LANE, 03-10A, ENTREPRENEUR CENTRE, 787494, SINGAPORE. |
|
BUSINESS
ADDRESS |
: |
8 EU
TONG SEN STREET, #11-96 & #11-97, THE CENTRAL, 059818, SINGAPORE. |
|
TEL.NO. |
: |
65-62065290 |
|
FAX.NO. |
: |
65-65114580 |
|
WEB
SITE |
: |
VROBAL.COM |
|
CONTACT
PERSON |
: |
SUMESH
S/O GOPALAN ( DIRECTOR ) |
|
PRINCIPAL
ACTIVITY |
: |
TRADING
OF METALS ORES, METAL SCRAPS AND ITS RELATED PRODUCTS |
|
ISSUED
AND PAID UP CAPITAL |
: |
2,000,000.00
ORDINARY SHARE, OF A VALUE OF SGD 2,000,000.00 |
|
SALES |
: |
USD
6,046,273 [2015] |
|
NET
WORTH |
: |
USD
(413,017) [2015] |
|
STAFF STRENGTH |
: |
10
[2018] |
|
LITIGATION |
: |
CLEAR |
|
FINANCIAL
CONDITION |
: |
N/A |
|
PAYMENT |
: |
UNKNOWN
|
|
MANAGEMENT
CAPABILITY |
: |
AVERAGE |
|
COMMERCIAL
RISK |
: |
MODERATE |
|
CURRENCY
EXPOSURE |
: |
MODERATE |
|
GENERAL
REPUTATION |
: |
SATISFACTORY |
|
INDUSTRY
OUTLOOK |
: |
MARGINAL
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 metals ores, metal scraps and its related products.
Share Capital History
|
Date |
Issue
& Paid Up Capital |
|
15/03/2018 |
SGD
2,000,000.00 |
The major
shareholder(s) of the Subject are shown as follows :
Current
Shareholder(s) :
|
Name |
Address |
IC/PP/Loc
No |
Shareholding |
(%) |
|
SUMESH
S/O GOPALAN + |
44,
KEPPEL BAY DRIVE, 09-123, CARIBBEAN AT KEPPEL BAY, 098657, SINGAPORE. |
S8206306D |
2,000,000.00 |
100.00 |
|
--------------- |
------ |
|||
|
2,000,000.00 |
100.00 |
|||
|
============ |
===== |
+ Also
Director
The
Subject's interest in other companies (Subsidiaries/Associates) are shown as
follow :
Local
No |
Country |
Company |
Status |
(%) |
As At |
|
201733506K |
SINGAPORE |
SHOWFEST
PRODUCTIONS PTE. LTD. |
- |
67.10 |
15/03/2018 |
DIRECTORS
|
DIRECTOR 1
|
Name Of
Subject |
: |
SUMESH
S/O GOPALAN |
|
Address |
: |
44, KEPPEL
BAY DRIVE, 09-123, CARIBBEAN AT KEPPEL BAY, 098657, SINGAPORE. |
|
Other
Address(es) |
: |
10,
STIRLING ROAD, 08-01, QUEENS, 148954, SINGAPORE. |
|
IC / PP
No |
: |
S8206306D |
|
Nationality |
: |
SINGAPOREAN |
|
Date of
Appointment |
: |
25/10/2007 |
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 |
200719822M |
VROBAL
ENERGY & RESOURCES PTE. LTD. |
Director |
25/10/2007 |
2,000,000.00 |
100.00 |
USD(1,211,393.00) |
2015 |
- |
15/03/2018 |
MANAGEMENT
|
|
1) |
Name of
Subject |
: |
SUMESH
S/O GOPALAN |
|
Position |
: |
DIRECTOR |
|
AUDITOR
|
|
Auditor |
: |
CHAN
GEOK HUAT & COMPANY |
|
Auditor'
Address |
: |
N/A |
COMPANY SECRETARIES
|
|
1) |
Company
Secretary |
: |
GANGADHARAN
SARASA, MRS SANKARAN GOPALAN |
|
IC / PP
No |
: |
S0183732Z |
|
|
Address |
: |
331,
SEMBAWANG CLOSE, 05-365, 750331, SINGAPORE. |
|
|
2) |
Company
Secretary |
: |
LAM KOI
KIEN |
|
IC / PP
No |
: |
S1812893D |
|
|
Address |
: |
60,
PAYA LEBAR ROAD, 07-39, PAYA LEBAR SQUARE, 409051, SINGAPORE. |
|
BANKING
|
No Banker found in our databank.
ENCUMBRANCE (S)
|
|
Charge
No |
Creation
Date |
Charge
Description |
Chargee
Name |
Total
Charge |
Status |
|
C201311003 |
13/08/2013 |
N/A |
DBS
BANK LTD. |
- |
Unsatisfied |
|
C201702647 |
21/03/2017 |
N/A |
DBS
BANK LTD. |
- |
Unsatisfied |
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.
CLIENTELE
|
|
Local |
: |
YES |
|||
|
Domestic
Markets |
: |
SINGAPORE |
|||
|
Overseas |
: |
YES |
|||
|
Export
Market |
: |
WORLDWIDE |
|||
|
Credit
Term |
: |
AS
AGREED |
|||
|
Payment
Mode |
: |
CHEQUES |
|||
OPERATIONS
|
|
Goods
Traded |
: |
METALS ORES,
METAL SCRAPS AND ITS RELATED PRODUCTS |
|
|
Total
Number of Employees: |
|
||||||||
|
YEAR |
2018 |
2017 |
2016 |
||||||
|
|
|||||||||
|
GROUP |
N/A |
N/A |
N/A |
||||||
|
COMPANY |
10 |
10 |
10 |
||||||
|
Branch |
: |
NO |
Other
Information:
The Subject is principally engaged in the (as a / as an) trading of metals
ores, metal scraps and its related products.
The Subject is an international trading house highly specialized in trading
various types of non-ferrous metal.
The Subject sells the products based on customer's demands and requirement.
CURRENT INVESTIGATION
|
Latest
fresh investigations carried out on the Subject indicated that :
|
Telephone
Number Provided By Client |
: |
65--65112967
|
|
Current
Telephone Number |
: |
65-62065290 |
|
Match |
: |
NO |
|
Address
Provided by Client |
: |
50
TAGORE LANE, #03-10A, ENTERPRENEUR BUSINESS CENTER, 78749 SINGAPORE |
|
Current
Address |
: |
8 EU
TONG SEN STREET, #11-96 & #11-97, THE CENTRAL, 059818, SINGAPORE. |
|
Match |
: |
NO |
Other
Investigations
We have contacted one of the staff from the Subject and she provided some
information.
The contact number provided is not answered.
The address provided belongs to the Subject's registered office.
The Subject refused to disclose its banker information.
FINANCIAL ANALYSIS
|
|
The
Subject's latest financial accounts are up to 2015 which is out dated in our
opinion. Therefore, our comment on the Subject financial performance is
restricted thereto. |
||||||
|
Overall
financial condition of the Subject : N/A |
||||||
|
|
||||||
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
|
|
|
PROFIT AND LOSS ACCOUNT
|
|
THE
FINANCIAL STATEMENTS WERE PREPARED IN ACCORDANCE WITH SINGAPORE FINANCIAL
REPORTING STANDARDS. |
|
VROBAL
ENERGY & RESOURCES 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 |
2015-12-31 |
2014-12-31 |
2013-12-31 |
|
Months |
12 |
12 |
12 |
|
Consolidated
Account |
Company |
Company |
Company |
|
Audited
Account |
YES |
YES |
YES |
|
Unqualified
Auditor's Report (Clean Opinion) |
YES |
YES |
YES |
|
Financial
Type |
FULL |
FULL |
FULL |
|
Currency |
USD |
USD |
USD |
|
TURNOVER |
6,046,273 |
9,418,692 |
6,711,035 |
|
Other
Income |
16,602 |
35,655 |
14,622 |
|
---------------- |
---------------- |
---------------- |
|
|
Total
Turnover |
6,062,875 |
9,454,347 |
6,725,657 |
|
---------------- |
---------------- |
---------------- |
|
|
PROFIT/(LOSS)
FROM OPERATIONS |
(1,193,284) |
(498,645) |
324,047 |
|
---------------- |
---------------- |
---------------- |
|
|
PROFIT/(LOSS)
BEFORE TAXATION |
(1,193,284) |
(498,645) |
324,047 |
|
Taxation |
(18,109) |
11,636 |
(41,358) |
|
---------------- |
---------------- |
---------------- |
|
|
PROFIT/(LOSS)
AFTER TAXATION |
(1,211,393) |
(487,009) |
282,689 |
|
---------------- |
---------------- |
---------------- |
|
|
RETAINED
PROFIT/(LOSS) BROUGHT FORWARD |
|||
|
As
previously reported |
400,785 |
887,794 |
605,105 |
|
---------------- |
---------------- |
---------------- |
|
|
As
restated |
400,785 |
887,794 |
605,105 |
|
---------------- |
---------------- |
---------------- |
|
|
PROFIT
AVAILABLE FOR APPROPRIATIONS |
(810,608) |
400,785 |
887,794 |
|
---------------- |
---------------- |
---------------- |
|
|
RETAINED
PROFIT/(LOSS) CARRIED FORWARD |
(810,608) |
400,785 |
887,794 |
|
============= |
============= |
============= |
|
|
INTEREST
EXPENSE (as per notes to P&L) |
|||
|
Lease
interest |
4,085 |
5,204 |
6,068 |
|
Term
loan / Borrowing |
16,709 |
12,458 |
12,875 |
|
Others |
78,527 |
52,709 |
16,029 |
|
---------------- |
---------------- |
---------------- |
|
|
99,321 |
70,371 |
34,972 |
|
|
============= |
============= |
============= |
|
|
DEPRECIATION
(as per notes to P&L) |
47,896 |
39,263 |
33,626 |
|
---------------- |
---------------- |
---------------- |
|
|
Total
Amortization And Depreciation |
47,896 |
39,263 |
33,626 |
|
============= |
============= |
============= |
|
|
|
|
|
|
BALANCE SHEET
|
|
VROBAL
ENERGY & RESOURCES PTE. LTD. |
|
ASSETS
EMPLOYED: |
|||
|
FIXED
ASSETS |
143,203 |
153,854 |
192,229 |
|
---------------- |
---------------- |
---------------- |
|
|
TOTAL
LONG TERM ASSETS |
143,203 |
153,854 |
192,229 |
|
CURRENT
ASSETS |
|||
|
Stocks |
- |
- |
65,472 |
|
Trade
debtors |
311,093 |
1,434,707 |
1,413,729 |
|
Other
debtors, deposits & prepayments |
863,361 |
579,145 |
486,812 |
|
Short
term deposits |
76,050 |
75,872 |
78,864 |
|
Amount
due from related companies |
366,922 |
33,666 |
- |
|
Amount
due from director |
784,407 |
836,513 |
772,943 |
|
Cash
& bank balances |
76,033 |
112,617 |
262,773 |
|
---------------- |
---------------- |
---------------- |
|
|
TOTAL
CURRENT ASSETS |
2,477,866 |
3,072,520 |
3,080,593 |
|
---------------- |
---------------- |
---------------- |
|
|
TOTAL
ASSET |
2,621,069 |
3,226,374 |
3,272,822 |
|
============= |
============= |
============= |
|
|
CURRENT
LIABILITIES |
|||
|
Trade
creditors |
341,477 |
493,575 |
1,430,846 |
|
Other
creditors & accruals |
601,171 |
409,753 |
213,508 |
|
Hire
purchase & lease creditors |
16,463 |
17,140 |
17,244 |
|
Short
term borrowings/Term loans |
151,239 |
60,626 |
70,425 |
|
Bill
& acceptances payable |
1,488,420 |
1,214,223 |
- |
|
Amounts
owing to related companies |
56,228 |
6,216 |
6,179 |
|
Provision
for taxation |
28,060 |
28,060 |
28,060 |
|
---------------- |
---------------- |
---------------- |
|
|
TOTAL
CURRENT LIABILITIES |
2,683,058 |
2,229,593 |
1,766,262 |
|
---------------- |
---------------- |
---------------- |
|
|
NET
CURRENT ASSETS/(LIABILITIES) |
(205,192) |
842,927 |
1,314,331 |
|
---------------- |
---------------- |
---------------- |
|
|
LONG
TERM LIABILITIES |
|||
|
Long
term loans |
252,415 |
84,059 |
84,059 |
|
Lease
obligations |
98,613 |
114,346 |
137,116 |
|
---------------- |
---------------- |
---------------- |
|
|
TOTAL
LONG TERM LIABILITIES |
351,028 |
198,405 |
221,175 |
|
---------------- |
---------------- |
---------------- |
|
|
TOTAL
NET ASSETS |
(413,017) |
798,376 |
1,285,385 |
|
============= |
============= |
============= |
|
|
FINANCED
BY: |
|||
|
SHARE
CAPITAL |
|||
|
Ordinary
share capital |
397,591 |
397,591 |
397,591 |
|
---------------- |
---------------- |
---------------- |
|
|
TOTAL
SHARE CAPITAL |
397,591 |
397,591 |
397,591 |
|
RESERVES |
|||
|
Retained
profit/(loss) carried forward |
(810,608) |
400,785 |
887,794 |
|
---------------- |
---------------- |
---------------- |
|
|
TOTAL
RESERVES |
(810,608) |
400,785 |
887,794 |
|
---------------- |
---------------- |
---------------- |
|
|
SHAREHOLDERS'
FUNDS/EQUITY |
(413,017) |
798,376 |
1,285,385 |
|
============= |
============= |
============= |
|
|
|
|
|
|
FINANCIAL RATIO
|
|
VROBAL
ENERGY & RESOURCES PTE. LTD. |
|
TYPES
OF FUNDS |
|||
|
Cash |
152,083 |
188,489 |
341,637 |
|
Net
Liquid Funds |
(1,336,337) |
(1,025,734) |
341,637 |
|
Net
Liquid Assets |
(205,192) |
842,927 |
1,248,859 |
|
Net
Current Assets/(Liabilities) |
(205,192) |
842,927 |
1,314,331 |
|
Net
Tangible Assets |
(413,017) |
798,376 |
1,285,385 |
|
Net Monetary
Assets |
(556,220) |
644,522 |
1,027,684 |
|
PROFIT
& LOSS ITEMS |
|||
|
Earnings
Before Interest & Tax (EBIT) |
(1,093,963) |
(428,274) |
359,019 |
|
Earnings
Before Interest, Taxes, Depreciation And Amortization (EBITDA) |
(1,046,067) |
(389,011) |
392,645 |
|
BALANCE
SHEET ITEMS |
|||
|
Total
Borrowings |
2,007,150 |
1,490,394 |
308,844 |
|
Total
Liabilities |
3,034,086 |
2,427,998 |
1,987,437 |
|
Total
Assets |
2,621,069 |
3,226,374 |
3,272,822 |
|
Net
Assets |
(413,017) |
798,376 |
1,285,385 |
|
Net
Assets Backing |
(413,017) |
798,376 |
1,285,385 |
|
Shareholders'
Funds |
(413,017) |
798,376 |
1,285,385 |
|
Total
Share Capital |
397,591 |
397,591 |
397,591 |
|
Total
Reserves |
(810,608) |
400,785 |
887,794 |
|
GROWTH
RATIOS (Year on Year) (%) |
|||
|
Revenue |
(35.81) |
40.35 |
- |
|
Proft/(Loss)
Before Tax |
(139.31) |
(253.88) |
- |
|
Proft/(Loss)
After Tax |
(148.74) |
(272.28) |
- |
|
Total
Assets |
(18.76) |
(1.42) |
- |
|
Total
Liabilities |
24.96 |
22.17 |
- |
|
LIQUIDITY
(Times) |
|||
|
Cash Ratio |
0.06 |
0.08 |
0.19 |
|
Liquid
Ratio |
0.92 |
1.38 |
1.71 |
|
Current
Ratio |
0.92 |
1.38 |
1.74 |
|
WORKING
CAPITAL CONTROL (Days) |
|||
|
Stock
Ratio |
0 |
0 |
4 |
|
Debtors
Ratio |
19 |
56 |
77 |
|
Creditors
Ratio |
21 |
19 |
78 |
|
SOLVENCY
RATIOS (Times) |
|||
|
Gearing
Ratio |
(4.86) |
1.87 |
0.24 |
|
Liabilities
Ratio |
(7.35) |
3.04 |
1.55 |
|
Times
Interest Earned Ratio |
(11.01) |
(6.09) |
10.27 |
|
Assets
Backing Ratio |
(1.04) |
2.01 |
3.23 |
|
PERFORMANCE
RATIO (%) |
|||
|
Operating
Profit Margin |
(19.74) |
(5.29) |
4.83 |
|
Net
Profit Margin |
(20.04) |
(5.17) |
4.21 |
|
Return
On Net Assets |
264.87 |
(53.64) |
27.93 |
|
Return
On Capital Employed |
2,402.94 |
(42.24) |
23.56 |
|
Return
On Shareholders' Funds/Equity |
293.30 |
(61.00) |
21.99 |
|
Dividend
Pay Out Ratio (Times) |
0 |
0 |
0 |
|
NOTES
TO ACCOUNTS |
|||
|
Contingent
Liabilities |
0 |
0 |
0 |
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
INR 66.66 |
|
|
1 |
INR 90.66 |
|
Euro |
1 |
INR 80.01 |
|
SGD |
1 |
INR 49.97 |
Note :
Above are approximate rates obtained from sources believed to be correct
INFORMATION DETAILS
|
Analysis Done by
: |
PRA |
|
|
|
|
Report Prepared
by : |
SYL |
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.