|
|
|
MIRA
INFORM REPORT
|
Report No. : |
509223 |
|
Report Date : |
18.05.2018 |
IDENTIFICATION DETAILS
|
Name : |
SOUTHERN PETRO PRODUCTS PTE. LTD. |
|
|
|
|
Registered Office : |
33, Ubi Avenue 3, 08 - 64, Vertex, 408868 |
|
|
|
|
Country : |
Singapore |
|
|
|
|
Financials (as on) : |
31.12.2010 |
|
|
|
|
Date of Incorporation : |
08.09.2004 |
|
|
|
|
Com. Reg. No.: |
200411458R |
|
|
|
|
Legal Form : |
Exempt Private (Limited By Share) |
|
|
|
|
Line of Business : |
Subject is engaged in the wholesale of petrochemical products. |
|
|
|
|
No. of Employees : |
10 |
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 |
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|
|
|
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. |
: |
200411458R |
||||
|
COMPANY NAME |
: |
SOUTHERN PETRO PRODUCTS PTE. LTD. |
||||
|
FORMER NAME |
: |
N/A |
||||
|
INCORPORATION DATE |
: |
08/09/2004 |
||||
|
COMPANY STATUS |
: |
EXIST |
||||
|
LEGAL FORM |
: |
EXEMPT PRIVATE (LIMITED BY SHARE) |
||||
|
LISTED STATUS |
: |
NO |
||||
|
REGISTERED ADDRESS |
: |
33, UBI AVENUE 3, 08 - 64, VERTEX, 408868, SINGAPORE. |
||||
|
BUSINESS ADDRESS |
: |
33 UBI AVENUE 3 #08-64 VERTEX,, 408868, SINGAPORE. |
||||
|
TEL.NO. |
: |
65-65706313 |
||||
|
FAX.NO. |
: |
65-65709667 |
||||
|
CONTACT PERSON |
: |
RAMASAMY VETRI SELVAM ( DIRECTOR ) |
||||
|
PRINCIPAL ACTIVITY |
: |
WHOLESALE OF PETROCHEMICAL PRODUCTS |
||||
|
ISSUED AND PAID UP CAPITAL |
: |
500,000.00 ORDINARY SHARE, OF A VALUE OF SGD 500,000.00 |
||||
|
SALES |
: |
N/A |
||||
|
NET WORTH |
: |
N/A |
||||
|
STAFF STRENGTH |
: |
10 [2018] |
||||
|
||||||
|
LITIGATION |
: |
CLEAR |
||||
|
FINANCIAL CONDITION |
: |
N/A |
||||
|
PAYMENT |
: |
UNKNOWN |
||||
|
MANAGEMENT CAPABILITY |
: |
AVERAGE |
||||
|
COMMERCIAL RISK |
: |
N/A |
||||
|
CURRENCY EXPOSURE |
: |
N/A |
||||
|
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) wholesale
of petrochemical products.
Share Capital History
|
Date |
Issue & Paid Up Capital |
|
15/05/2018 |
SGD 500,000.00 |
The major shareholder(s) of the Subject are shown as follows :
Current Shareholder(s) :
|
Name |
Address |
IC/PP/Loc No |
Shareholding |
(%) |
|
RAMASAMY VETRI SELVAM + |
3, TANJONG RHU ROAD, 10 - 04, THE WATERSIDE, 436881, SINGAPORE. |
S2747093I |
480,000.00 |
96.00 |
|
ARPANA SELVAM + |
3, TANJONG RHU ROAD, 10 - 04, THE WATERSIDE, 436881, SINGAPORE. |
S7265456J |
20,000.00 |
4.00 |
|
--------------- |
------ |
|||
|
500,000.00 |
100.00 |
|||
|
============ |
===== |
+ Also Director
DIRECTORS |
DIRECTOR 1
|
Name Of Subject |
: |
ARPANA SELVAM |
|
Address |
: |
3, TANJONG RHU ROAD, 10 - 04, THE WATERSIDE, 436881, SINGAPORE. |
|
IC / PP No |
: |
S7265456J |
|
Nationality |
: |
SINGAPOREAN |
|
Date of Appointment |
: |
11/08/2005 |
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 |
200411458R |
SOUTHERN PETRO PRODUCTS PTE. LTD. |
Secretary Director |
22/04/2010 11/08/2005 |
20,000.00 |
4.00 |
SGD388,881.82 |
2010 |
- |
15/05/2018 |
DIRECTOR 2
|
Name Of Subject |
: |
RAMASAMY VETRI SELVAM |
|
Address |
: |
3, TANJONG RHU ROAD, 10 - 04, THE WATERSIDE, 436881, SINGAPORE. |
|
IC / PP No |
: |
S2747093I |
|
Nationality |
: |
SINGAPOREAN |
|
Date of Appointment |
: |
08/09/2004 |
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 |
200411458R |
SOUTHERN PETRO PRODUCTS PTE. LTD. |
Director |
08/09/2004 |
480,000.00 |
96.00 |
SGD388,881.82 |
2010 |
- |
15/05/2018 |
MANAGEMENT |
|
1) |
Name of Subject |
: |
RAMASAMY VETRI SELVAM |
|
Position |
: |
DIRECTOR |
|
|
|
AUDITOR |
|
Auditor |
: |
RSM CHIO LIM LLP |
|
Auditor' Address |
: |
N/A |
COMPANY SECRETARIES |
|
1) |
Company Secretary |
: |
ARPANA SELVAM |
|
IC / PP No |
: |
S7265456J |
|
|
Address |
: |
3, TANJONG RHU ROAD, 10 - 04, THE WATERSIDE, 436881, SINGAPORE. |
|
|
|
BANKING |
Banking relations are maintained principally with :
|
1) |
Name |
: |
OVERSEA-CHINESE BANKING CORPORATION LIMITED |
ENCUMBRANCE (S) |
|
Charge No |
Creation Date |
Charge Description |
Chargee Name |
Total Charge |
Status |
|
C201701921 |
25/02/2017 |
N/A |
OVERSEA-CHINESE BANKING CORPORATION LIMITED |
- |
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 staff from the registered office refused to disclose the Subject's
suppliers.
CLIENTELE |
|
Local |
: |
N/A |
|
Overseas |
: |
N/A |
The staff from the registered office refused to disclose the Subject's
clientele.
OPERATIONS |
|
Goods Traded |
: |
PETROCHEMICAL PRODUCTS |
|
|
Total Number of Employees: |
|||||||||
|
YEAR |
2018 |
||||||||
|
|
|||||||||
|
GROUP |
N/A |
||||||||
|
COMPANY |
10 |
||||||||
|
Branch |
: |
NO |
Other Information:
The Subject is principally engaged in the (as a / as an) wholesale of
petrochemical products.
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 |
: |
65-65706313 |
|
Match |
: |
N/A |
|
Address Provided by Client |
: |
NO. 08-64 VERTEX 33 UBI AVENUE 3 408868 |
|
Current Address |
: |
33 UBI AVENUE 3 #08-64 VERTEX,, 408868, SINGAPORE. |
|
Match |
: |
NO |
Other Investigations
We contacted one of the staff from the Subject's registered office and he only
provided limited information.
The address is as per stated in the report.
FINANCIAL ANALYSIS |
|
|
|
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. |
||||||
|
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. |
|
SOUTHERN PETRO PRODUCTS 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 |
2010-12-31 |
2009-12-31 |
|
Months |
12 |
12 |
|
Consolidated Account |
Company |
Company |
|
Audited Account |
YES |
YES |
|
Unqualified Auditor's Report (Clean Opinion) |
YES |
YES |
|
Financial Type |
SUMMARY |
SUMMARY |
|
Currency |
SGD |
SGD |
|
TURNOVER |
26,608,531 |
18,139,218 |
|
---------------- |
---------------- |
|
|
Total Turnover |
26,608,531 |
18,139,218 |
|
---------------- |
---------------- |
|
|
PROFIT/(LOSS) FROM OPERATIONS |
430,937 |
329,126 |
|
---------------- |
---------------- |
|
|
PROFIT/(LOSS) BEFORE TAXATION |
430,937 |
329,126 |
|
Taxation |
(42,055) |
(42,251) |
|
---------------- |
---------------- |
|
|
PROFIT/(LOSS) AFTER TAXATION |
388,882 |
286,875 |
|
---------------- |
---------------- |
|
|
PROFIT/(LOSS) BEFORE EXTRAORDINARY ITEMS |
388,882 |
286,875 |
|
---------------- |
---------------- |
|
|
PROFIT/(LOSS) ATTRIBUTABLE TO SHAREHOLDERS |
388,882 |
286,875 |
|
RETAINED PROFIT/(LOSS) BROUGHT FORWARD |
||
|
As previously reported |
482,365 |
195,490 |
|
---------------- |
---------------- |
|
|
As restated |
482,365 |
195,490 |
|
---------------- |
---------------- |
|
|
PROFIT AVAILABLE FOR APPROPRIATIONS |
871,246 |
482,365 |
|
---------------- |
---------------- |
|
|
RETAINED PROFIT/(LOSS) CARRIED FORWARD |
871,246 |
482,365 |
|
============= |
============= |
|
|
|
|
|
BALANCE SHEET |
|
|
|
SOUTHERN PETRO PRODUCTS PTE. LTD. |
|
ASSETS EMPLOYED: |
||
|
FIXED ASSETS |
556,663 |
24,713 |
|
---------------- |
---------------- |
|
|
TOTAL LONG TERM ASSETS |
556,663 |
24,713 |
|
CURRENT ASSETS |
||
|
TOTAL CURRENT ASSETS |
4,537,077 |
7,025,543 |
|
---------------- |
---------------- |
|
|
TOTAL ASSET |
5,093,740 |
7,050,256 |
|
============= |
============= |
|
|
CURRENT LIABILITIES |
||
|
TOTAL CURRENT LIABILITIES |
3,353,497 |
6,067,892 |
|
---------------- |
---------------- |
|
|
NET CURRENT ASSETS/(LIABILITIES) |
1,183,580 |
957,651 |
|
---------------- |
---------------- |
|
|
LONG TERM LIABILITIES |
||
|
TOTAL LONG TERM LIABILITIES |
368,997 |
0 |
|
---------------- |
---------------- |
|
|
TOTAL NET ASSETS |
1,371,246 |
982,364 |
|
============= |
============= |
|
|
SHARE CAPITAL |
||
|
Ordinary share capital |
500,000 |
500,000 |
|
---------------- |
---------------- |
|
|
TOTAL SHARE CAPITAL |
500,000 |
500,000 |
|
RESERVES |
||
|
Retained profit/(loss) carried forward |
871,246 |
482,365 |
|
---------------- |
---------------- |
|
|
TOTAL RESERVES |
871,246 |
482,364 |
|
---------------- |
---------------- |
|
|
SHAREHOLDERS' FUNDS/EQUITY |
1,371,246 |
982,364 |
|
============= |
============= |
|
|
|
|
|
FINANCIAL RATIO |
|
|
|
SOUTHERN PETRO PRODUCTS PTE. LTD. |
|
TYPES OF FUNDS |
||
|
Net Liquid Assets |
1,183,580 |
957,651 |
|
Net Current Assets/(Liabilities) |
1,183,580 |
957,651 |
|
Net Tangible Assets |
1,371,246 |
982,364 |
|
Net Monetary Assets |
814,583 |
957,651 |
|
BALANCE SHEET ITEMS |
||
|
Total Liabilities |
3,722,494 |
6,067,892 |
|
Total Assets |
5,093,740 |
7,050,256 |
|
Net Assets |
1,371,246 |
982,364 |
|
Net Assets Backing |
1,371,246 |
982,364 |
|
Shareholders' Funds |
1,371,246 |
982,364 |
|
Total Share Capital |
500,000 |
500,000 |
|
Total Reserves |
871,246 |
482,364 |
|
GROWTH RATIOS (Year on Year) (%) |
||
|
Revenue |
46.69 |
- |
|
Proft/(Loss) Before Tax |
30.93 |
- |
|
Proft/(Loss) After Tax |
35.56 |
- |
|
Total Assets |
(27.75) |
- |
|
Total Liabilities |
(38.65) |
- |
|
LIQUIDITY (Times) |
||
|
Current Ratio |
1.35 |
1.16 |
|
SOLVENCY RATIOS (Times) |
||
|
Liabilities Ratio |
2.71 |
6.18 |
|
Assets Backing Ratio |
2.74 |
1.96 |
|
PERFORMANCE RATIO (%) |
||
|
Operating Profit Margin |
1.62 |
1.81 |
|
Net Profit Margin |
1.46 |
1.58 |
|
Return On Net Assets |
31.43 |
33.50 |
|
Return On Capital Employed |
24.76 |
33.50 |
|
Return On Shareholders' Funds/Equity |
28.36 |
29.20 |
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
INR 67.72 |
|
|
1 |
INR 91.65 |
|
Euro |
1 |
INR 79.89 |
|
SGD |
1 |
INR 50.55 |
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.