|
|
|
%20PTE%20%20LTD%20%20-%20509600%2019-May-2018_files/image007.jpg){kind=small}
%20PTE%20%20LTD%20%20-%20509600%2019-May-2018_files/image008.jpg)
%20PTE%20%20LTD%20%20-%20509600%2019-May-2018_files/image010.gif)
MIRA INFORM REPORT
|
Report No. : |
509600 |
|
Report Date : |
19.05.2018 |
IDENTIFICATION DETAILS
|
Name : |
CCD (SINGAPORE) PTE. LTD. |
|
|
|
|
Registered Office : |
29, Tembusu Avenue, 627535 |
|
|
|
|
Country : |
Singapore |
|
|
|
|
Financials (as on) : |
31.12.2016 |
|
|
|
|
Date of Incorporation : |
23.03.2010 |
|
|
|
|
Com. Reg. No.: |
201006128H |
|
|
|
|
Legal Form : |
Private Limited (Limited by Share) |
|
|
|
|
Line of Business : |
Subject is engaged in the manufacture of chemical products. |
|
|
|
|
No. of Employees : |
170 |
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 (30.09.2017) |
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. |
: |
201006128H |
|
COMPANY
NAME |
: |
CCD
(SINGAPORE) PTE. LTD. |
|
FORMER
NAME |
: |
N/A |
|
INCORPORATION
DATE |
: |
23/03/2010 |
|
COMPANY
STATUS |
: |
EXIST |
|
LEGAL
FORM |
: |
PRIVATE
LIMITED (LIMITED BY SHARE) |
|
LISTED
STATUS |
: |
NO |
|
REGISTERED
ADDRESS |
: |
29,
TEMBUSU AVENUE, 627535, SINGAPORE. |
|
BUSINESS
ADDRESS |
: |
29,
TEMBUSU AVENUE, JURONG ISLAND, 627535, SINGAPORE. |
|
TEL.NO. |
: |
65-65155060 |
|
FAX.NO. |
: |
65-65154307 |
|
WEB
SITE |
: |
WWW.DCC.COM.TW |
|
CONTACT
PERSON |
: |
TSENG,
CHENG ( DIRECTOR ) |
|
PRINCIPAL
ACTIVITY |
: |
MANUFACTURE
OF CHEMICAL PRODUCTS |
|
ISSUED
AND PAID UP CAPITAL |
: |
234,900,000.00
ORDINARY SHARE, OF A VALUE OF USD 234,900,000.00 |
|
SALES |
: |
USD
374,282,746 [2016] |
|
NET
WORTH |
: |
USD
212,989,841 [2016] |
|
STAFF
STRENGTH |
: |
170
[2018] |
|
LITIGATION |
: |
CLEAR |
|
FINANCIAL
CONDITION |
: |
POOR |
|
PAYMENT |
: |
SLOW
BUT CORRECT |
|
MANAGEMENT
CAPABILITY |
: |
AVERAGE |
|
COMMERCIAL
RISK |
: |
MODERATE |
|
CURRENCY
EXPOSURE |
: |
MODERATE |
|
GENERAL
REPUTATION |
: |
SATISFACTORY |
|
INDUSTRY
OUTLOOK |
: |
MARGINAL
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) manufacture of chemical
products.
The
immediate holding company of the Subject is DAIREN CHEMICAL CORPORATION, a
company incorporated in TAIWAN.
Share
Capital History
|
Date |
Issue
& Paid Up Capital |
|
18/05/2018 |
USD
234,900,000.00 |
The
major shareholder(s) of the Subject are shown as follows :
Current Shareholder(s) :
|
Name |
Address |
IC/PP/Loc
No |
Shareholding |
(%) |
|
DAIREN
CHEMICAL CORPORATION |
301,
SONGKIANG ROAD, 7TH FLOOR, TAIPEI 104 ,TAIWAN |
T10UF0733 |
117,450,000.00 |
50.00 |
|
CHANG
CHUN PETROCHEMICAL CO., LTD |
301,
SONGKIANG ROAD, 7TH FLOOR, TAIPEI 104 ,TAIWAN |
S96UF0573 |
58,725,000.00 |
25.00 |
|
CHANG
CHUN PLASTICS CO., LTD |
301,
SONGKIANG ROAD, 7TH FLOOR, TAIPEI 104 ,TAIWAN |
S96UF0574 |
58,725,000.00 |
25.00 |
|
--------------- |
------ |
|||
|
234,900,000.00 |
100.00 |
|||
|
============ |
===== |
+
Also Director
DIRECTORS
|
DIRECTOR 1
|
Name
Of Subject |
: |
TSENG,
CHENG |
|
Address |
: |
40,
ZHONGYONG, 5TH ROAD, SHILIN DISTRICT, TAIPEI CITY, 111, TAIWAN. |
|
IC
/ PP No |
: |
308603887 |
|
Nationality |
: |
TAIWANESE |
|
Date
of Appointment |
: |
23/03/2010 |
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 |
201006128H |
CCD
(SINGAPORE) PTE. LTD. |
Director |
23/03/2010 |
0.00 |
- |
USD(23,940,778.00) |
2016 |
- |
18/05/2018 |
DIRECTOR 2
|
Name
Of Subject |
: |
SU,
SHIH-KUANG |
|
Address |
: |
2F,
5, ALY. 4, LN. 97, SECTION 4, MINSHENG E. ROAD, SONGSHAN DISTRICT, TAIPEI
CITY, 105, TAIWAN. |
|
IC
/ PP No |
: |
306307066 |
|
Nationality |
: |
TAIWANESE |
|
Date
of Appointment |
: |
23/03/2010 |
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 |
201006128H |
CCD
(SINGAPORE) PTE. LTD. |
Director |
23/03/2010 |
0.00 |
- |
USD(23,940,778.00) |
2016 |
- |
18/05/2018 |
DIRECTOR 3
|
Name
Of Subject |
: |
LIN,
SHEAN-TUNG |
|
Address |
: |
7,
ALLEY 12, LANE 41, SECTION 2, YANGDE BOULEVARD, SHILIN DISTRICT, TAIPEI CITY,
111, TAIWAN. |
|
IC
/ PP No |
: |
300862355 |
|
Nationality |
: |
TAIWANESE |
|
Date
of Appointment |
: |
23/03/2010 |
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 |
201006128H |
CCD
(SINGAPORE) PTE. LTD. |
Director |
23/03/2010 |
0.00 |
- |
USD(23,940,778.00) |
2016 |
- |
18/05/2018 |
DIRECTOR 4
|
Name
Of Subject |
: |
LIN,
FU-SHEN |
|
Address |
: |
3F,
79, SECTION 1 XINHAI ROAD, DAAN DISTRICT TAIPEI CITY, TAIWAN. |
|
IC
/ PP No |
: |
301489567 |
|
Nationality |
: |
TAIWANESE |
|
Date
of Appointment |
: |
23/03/2010 |
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 |
201006128H |
CCD
(SINGAPORE) PTE. LTD. |
Director |
23/03/2010 |
0.00 |
- |
USD(23,940,778.00) |
2016 |
- |
18/05/2018 |
|
2 |
466743X |
DAIREN
CHEMICAL (M) SDN. BHD. |
Director |
19/12/2009 |
0.00 |
- |
MYR34,366,004.00 |
2016 |
- |
23/04/2018 |
|
3 |
567762M |
DAIREN
TRADING (M) SDN. BHD. |
Director |
19/12/2009 |
0.00 |
- |
MYR87,568.00 |
2016 |
- |
23/04/2018 |
DIRECTOR 5
|
Name
Of Subject |
: |
LIM
TIONG BENG |
|
Address |
: |
2,
GUOK AVENUE, 119632, SINGAPORE. |
|
IC
/ PP No |
: |
S1073678A |
|
Nationality |
: |
SINGAPOREAN |
|
Date
of Appointment |
: |
23/03/2010 |
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 |
200812961R |
ALMENDRA
PTE. LTD. |
Director |
14/02/2011 |
0.00 |
- |
SGD(3,034,988.00) |
2013 |
- |
25/11/2014 |
|
2 |
201006128H |
CCD
(SINGAPORE) PTE. LTD. |
Director |
23/03/2010 |
0.00 |
- |
USD(23,940,778.00) |
2016 |
- |
18/05/2018 |
|
3 |
T09FC0031A |
DEEPOCEAN
1 UK LIMITED SINGAPORE BRANCH |
Secretary |
26/03/2009 |
0.00 |
- |
SGD133,962.00 |
2011 |
- |
29/03/2013 |
|
4 |
201130570D |
EXTRON
ELECTRONICS ASIA PTE. LTD. |
Director |
11/10/2011 |
0.00 |
- |
USD27,804.00 |
2016 |
- |
11/12/2017 |
|
5 |
995372U |
EXTRON
ELECTRONICS ASIA PTE. LTD. |
Director |
18/05/2012 |
0.00 |
- |
MYR(125,803.00) |
2016 |
- |
23/04/2018 |
|
6 |
200102787N |
FASTENAL
SINGAPORE PTE LTD |
Director |
18/06/2001 |
0.00 |
- |
SGD1,286,726.00 |
2016 |
- |
20/04/2018 |
|
7 |
993981D |
FEI
COMPANY OF USA (S.E.A) PTE LTD |
Director |
24/02/2006 |
0.00 |
- |
MYR45,167.00 |
2015 |
- |
23/04/2018 |
|
8 |
199905328N |
FEI
COMPANY OF USA (S.E.A.) PTE LTD |
Director |
24/02/2006 |
0.00 |
- |
SGD922,675.00 |
2014 |
- |
08/07/2016 |
|
9 |
S87FC3728J |
FLUOR
DANIEL ENGINEERS & CONSTRUCTORS, LTD. |
Secretary |
05/11/2004 |
0.00 |
- |
SGD3,623,064.00 |
2013 |
- |
18/06/2015 |
|
10 |
201215854N |
INFRATECH
INDUSTRIES PTE. LTD. |
Director |
27/06/2012 |
0.00 |
- |
- |
2016 |
- |
13/04/2015 |
|
11 |
200706745H |
JBF
GLOBAL PTE. LTD. |
Director |
20/04/2007 |
0.00 |
- |
USD(11,682,569.00) |
2015 |
- |
14/12/2015 |
|
12 |
201435082W |
JBF
TRADE INVEST PTE. LTD. |
Director |
25/11/2014 |
0.00 |
- |
USD(3,966.00) |
2015 |
- |
16/12/2015 |
|
13 |
201708444M |
JIAXIANG
ENERGY HOLDING PTE. LTD. |
Director |
27/03/2017 |
0.00 |
- |
- |
2015 |
- |
05/02/2018 |
|
14 |
201330186K |
JSW
INTERNATIONAL TRADECORP PTE. LTD. |
Director |
08/11/2013 |
0.00 |
- |
USD11,857,351.00 |
2017 |
- |
05/12/2017 |
|
15 |
200800596Z |
MAGOTTEAUX
SINGAPORE PRIVATE LIMITED |
Director |
08/01/2008 |
0.00 |
- |
USD205,660.00 |
2016 |
- |
05/10/2017 |
|
16 |
201323434Z |
NEW
WORLD FASHION PTE. LTD. |
Director |
30/08/2013 |
0.00 |
- |
- |
2016 |
- |
25/04/2018 |
|
17 |
995449K |
SOUTHEAST
ASIAN EXPLORATION PTE. LTD. |
Director |
07/06/2013 |
0.00 |
- |
- |
2016 |
- |
23/04/2018 |
|
18 |
201431331C |
SPORT
RETAIL GROUP PTE. LTD. |
Director |
20/10/2014 |
0.00 |
- |
USD83,971,000.00 |
2015 |
- |
17/10/2016 |
|
19 |
199000987M |
TOSHIBA
ELECTRONICS ASIA (SINGAPORE) PTE. LTD. |
Secretary |
01/01/2005 |
0.00 |
- |
USD34,665,000.00 |
2016 |
- |
08/07/2016 |
DIRECTOR 6
|
Name
Of Subject |
: |
LIAO,
LONG-SHING |
|
Address |
: |
5,
SECTION 3, ZHONGSHAN, NORTH ROAD, ZHONGSHAN DISTRICT, TAIPEI CITY, 104,
TAIWAN. |
|
IC
/ PP No |
: |
301444753 |
|
Nationality |
: |
TAIWANESE |
|
Date
of Appointment |
: |
23/03/2010 |
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 |
201006128H |
CCD
(SINGAPORE) PTE. LTD. |
Director |
23/03/2010 |
0.00 |
- |
USD(23,940,778.00) |
2016 |
- |
18/05/2018 |
DIRECTOR 7
|
Name
Of Subject |
: |
HUANG,
HO-CHING |
|
Address |
: |
7F,
16 SHIN-YI ROAD, BEITOU, TAIPEI, TAIWAN. |
|
IC
/ PP No |
: |
307414197 |
|
Nationality |
: |
TAIWANESE |
|
Date
of Appointment |
: |
23/03/2010 |
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 |
201006128H |
CCD
(SINGAPORE) PTE. LTD. |
Director |
23/03/2010 |
0.00 |
- |
USD(23,940,778.00) |
2016 |
- |
18/05/2018 |
|
2 |
466743X |
DAIREN
CHEMICAL (M) SDN. BHD. |
Director |
03/08/1998 |
0.00 |
- |
MYR34,366,004.00 |
2016 |
- |
23/04/2018 |
|
3 |
567762M |
DAIREN
TRADING (M) SDN. BHD. |
Director |
04/03/2002 |
0.00 |
- |
MYR87,568.00 |
2016 |
- |
23/04/2018 |
DIRECTOR 8
|
Name
Of Subject |
: |
CHEN,
JUNG-TSUNG |
|
Address |
: |
60,
ALLEY 140, LANE 101, SECTION 4, XINHAI ROAD, WENSHAN DISTRICT, TAIPEI CITY,
116, TAIWAN. |
|
IC
/ PP No |
: |
307003506 |
|
Nationality |
: |
TAIWANESE |
|
Date
of Appointment |
: |
23/03/2010 |
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 |
201006128H |
CCD
(SINGAPORE) PTE. LTD. |
Director |
23/03/2010 |
0.00 |
- |
USD(23,940,778.00) |
2016 |
- |
18/05/2018 |
DIRECTOR 9
|
Name
Of Subject |
: |
HUANG,
FU-CHU |
|
Address |
: |
85,
JURONG WEST CENTRAL 3, 05-44, THE CENTRIS, 648342, SINGAPORE. |
|
IC
/ PP No |
: |
G5126793T |
|
Nationality |
: |
TAIWANESE |
|
Date
of Appointment |
: |
23/03/2010 |
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 |
201006128H |
CCD
(SINGAPORE) PTE. LTD. |
Director |
23/03/2010 |
0.00 |
- |
USD(23,940,778.00) |
2016 |
- |
18/05/2018 |
DIRECTOR 10
|
Name
Of Subject |
: |
CHEN,
NINE-WEN |
|
Address |
: |
4F,
11-2, JING 2ND ST TAOYUAN CITY, TAOYUAN COUNTY, 33071, TAIWAN. |
|
IC
/ PP No |
: |
306322495 |
|
Nationality |
: |
TAIWANESE |
|
Date
of Appointment |
: |
23/03/2010 |
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 |
201006128H |
CCD
(SINGAPORE) PTE. LTD. |
Director |
23/03/2010 |
0.00 |
- |
USD(23,940,778.00) |
2016 |
- |
18/05/2018 |
|
2 |
466743X |
DAIREN
CHEMICAL (M) SDN. BHD. |
Director |
03/08/1998 |
0.00 |
- |
MYR34,366,004.00 |
2016 |
- |
23/04/2018 |
|
3 |
567762M |
DAIREN
TRADING (M) SDN. BHD. |
Director |
12/07/2011 |
0.00 |
- |
MYR87,568.00 |
2016 |
- |
23/04/2018 |
DIRECTOR 11
|
Name
Of Subject |
: |
CHEN,
HOU-FU |
|
Address |
: |
22,
XIERONG ROAD, GANG SHAN DISTRICT, KAOHSIUNG CITY, 820, TAIWAN. |
|
IC
/ PP No |
: |
308662443 |
|
Nationality |
: |
TAIWANESE |
|
Date
of Appointment |
: |
30/06/2015 |
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 |
201006128H |
CCD
(SINGAPORE) PTE. LTD. |
Director |
30/06/2015 |
0.00 |
- |
USD(23,940,778.00) |
2016 |
- |
18/05/2018 |
MANAGEMENT
|
|
1) |
Name
of Subject |
: |
HUANG,
FU-CHU |
|
Position |
: |
CEO |
|
|
2) |
Name
of Subject |
: |
LIAO,
LONG-SHING |
|
Position |
: |
MANAGING
DIRECTOR |
|
|
3) |
Name
of Subject |
: |
TSENG,
CHENG |
|
Position |
: |
DIRECTOR |
|
|
|
AUDITOR
|
|
Auditor |
: |
KPMG
LLP |
|
Auditor'
Address |
: |
N/A |
|
|
COMPANY
SECRETARIES
|
|
1) |
Company
Secretary |
: |
CHAN
CHOW PHENG |
|
IC
/ PP No |
: |
S1298885J |
|
|
Address |
: |
112,
ROBINSON ROAD, 05-01, ROBINSON 112, 068902, SINGAPORE. |
|
|
|
BANKING
|
No Banker found in our databank.
ENCUMBRANCE
(S)
|
No encumbrance was found in our databank at the
time of investigation.
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 |
: |
YES |
|
Overseas |
: |
YES |
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 |
[ |
] |
||||||
|
Fair
91-120 Days |
[ |
X |
] |
Poor
>120 Days |
[ |
] |
||||||||
CLIENTELE
|
|
Local |
: |
YES |
|||
|
Domestic
Markets |
: |
SINGAPORE |
|||
|
Overseas |
: |
YES |
|||
|
Export
Market |
: |
WORLDWIDE |
|||
|
Credit
Term |
: |
N/A |
|||
|
Payment
Mode |
: |
CHEQUES |
|||
OPERATIONS
|
|
Products
manufactured |
: |
|
|
|
Total
Number of Employees: |
|
||||||||
|
YEAR |
2018 |
2016 |
2015 |
2014 |
|||||
|
GROUP |
N/A |
N/A |
N/A |
N/A |
|||||
|
COMPANY |
170 |
100 |
100 |
100 |
|||||
|
Branch |
: |
NO |
Other
Information:
The Subject is principally engaged in the (as a /
as an) manufacture of chemical products.
The Subject is manufacturing of chemicals.
The products produces are as follows:
Vinyl Acetate
Allyl Alcohol
Its products are used to produce various
products ranging from plastics to paints, adhesives, and textiles.
CURRENT
INVESTIGATION
|
Latest
fresh investigations carried out on the Subject indicated that :
|
Telephone
Number Provided By Client |
: |
N/A |
|
Current
Telephone Number |
: |
65-65155060 |
|
Match |
: |
N/A |
|
Address
Provided by Client |
: |
29
TEMBUSU AVENUE, JURONG ISLAND, 627535 SINGAPORE |
|
Current
Address |
: |
29,
TEMBUSU AVENUE, JURONG ISLAND, 627535, SINGAPORE. |
|
Match |
: |
YES |
Other
Investigations
On 18th May 2018 we contacted one of the staff from
the Subject and she provided limited information.
FINANCIAL
ANALYSIS
|
|
Profitability |
||||||
|
Turnover |
: |
Decreased |
[ |
2012
- 2016 |
] |
|
|
Profit/(Loss)
Before Tax |
: |
Increased |
[ |
2012
- 2016 |
] |
|
|
Return
on Shareholder Funds |
: |
Unfavourable |
[ |
(11.24%) |
] |
|
|
Return
on Net Assets |
: |
Unfavourable |
[ |
(10.44%) |
] |
|
|
The
continuous fall in turnover could be due to the lower demand for the Subject's
products / services.Higher losses before tax during the year could be due to
the higher operating costs incurred. The Subject's unfavourable returns on
shareholders' funds indicate the management's inefficiency in utilising its
assets to generate returns. |
||||||
|
Working
Capital Control |
||||||
|
Stock
Ratio |
: |
Favourable |
[ |
22
Days |
] |
|
|
Debtor
Ratio |
: |
Favourable |
[ |
24
Days |
] |
|
|
Creditors
Ratio |
: |
Favourable |
[ |
32
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 |
: |
Unfavourable |
[ |
0.46
Times |
] |
|
|
Current
Ratio |
: |
Unfavourable |
[ |
0.59
Times |
] |
|
|
A
low liquid ratio means that the Subject may be facing working capital
deficiency. If the Subject cannot obtain additional financing or injection of
fresh capital, it may face difficulties in meeting its short term
obligations. |
||||||
|
Solvency |
||||||
|
Interest
Cover |
: |
Unfavourable |
[ |
(13.17
Times) |
] |
|
|
Gearing
Ratio |
: |
Favourable |
[ |
0.57
Times |
] |
|
|
The
Subject incurred losses in the year. It did not generate sufficient income to
service its interest. If the situation does not improve, the Subject
may be vulnerable to default in servicing the interest. The Subject was lowly
geared thus it had a low financial risk. The Subject was mainly financed by
its shareholders' funds and internally generated funds. In times of economic
slowdown / downturn, the Subject being a lowly geared company, will be able
to compete better than those companies which are highly geared in the same
industry. |
||||||
|
Overall
Assessment : |
||||||
|
The
Subject's losses could be attributed to the lower turnover which in turn could
be the result of unfavourable market conditions. Due to its weak liquidity
position, the Subject will be faced with problems in meeting all its short
term obligations if no short term loan is obtained or additional capital
injected into the Subject. The Subject's interest cover was negative,
indicating that it did not generate sufficient income to service its
interest. If its result does not show impressive improvements or succeed
obtaining short term financing or capital injection, it may not be able to
service its interest and repay the loans. The Subject as a lowly geared
company, will be more secured compared to those highly geared companies. It
has the ability to meet all its long term obligations. |
||||||
|
Overall
financial condition of the Subject : POOR |
||||||
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
: |
MANUFACTURING |
|
The
manufacturing sector expanded by 4.8% in the fourth quarter, supported
largely by robust output growth in the electronics and precision engineering
clusters. For the whole of 2017, the manufacturing sector grew by 10%,
accelerating from the 3.7% expansion in 2016. Growth was largely driven by
the electronics and precision engineering clusters, even as the biomedical
manufacturing, transport engineering and general manufacturing industries
clusters contracted. |
|
|
The
electronics cluster grew by 24% in the fourth quarter 2017, largely due to
the semiconductors segment, which expanded by 35%. Specifically, the
semiconductors segment benefitted from robust global semiconductors demand,
which was in turn driven by key end markets such as the smartphone market. At
the same time, the computer peripherals segment registered healthy growth of
9.5%, supported by buoyant demand for printer-related products. On the other
hand, the data storage and other electronic modules & components segments
contracted by 25% and 7.5% respectively. For the full year, the electronics
cluster expanded by 34% as the healthy performance of the semiconductors and
computer peripherals segments more than offset the weakness in the data
storage segment. |
|
|
In
fourth quarter 2017, the precision engineering cluster expanded to 20%,
supported by both the precision modules & components (PMC) and machinery
& systems (M&S) segments. Output in the PMC segment rose by 40% due
to an increase in the production of dies, moulds, tools, jigs & fixture,
optical instruments and metal precision components. Meanwhile, the M&S
segment grew by 8.9% in tandem with healthy export demand for semiconductor
manufacturing equipment. For the whole of 2017, the output of the precision
engineering cluster rose by 18% on account of robust expansions in both
segments. |
|
|
The
chemicals cluster grew by 12% in the fourth quarter 2017, with all segments
recording growth. In particular, the petrochemicals segment grew by 23% on
the back of production capacity expansions, while the petroleum segment
expanded by 13% supported by higher refining margins. At the same time, the
other chemicals and specialties segments posted growth of 8.1% and
6.2%respectively. For 2017 as a whole, the chemicals cluster expanded by
6.2%, supported by growth in all segments. |
|
|
Besides,
output of the general manufacturing industries cluster increased to 6.6% in
the fourth quarter 2017, primarily due to the strong performance of the food,
beverages & tobacco (FBT) segment, which grew by 18% on the back of a
surge in the production of beverages products. On the other hand, the
printing segment shrank by 11% due to weak demand for commercial printing,
while output in the miscellaneous industries segment declined by 0.6% on
account of a lower production of construction-related materials. For the
whole of 2017, the general manufacturing industries cluster contracted by
1.6%, as output declines in the printing and miscellaneous industries
segments outweighed output gains in the FBT segment. |
|
|
Moreover,
output of the transport engineering cluster fell by 7.8% in the fourth
quarter 2017. The aerospace segment recorded robust growth of 13% due to a
higher volume of repair and maintenance work from commercial airlines.
However, this was more than offset by output declines in the marine &
offshore engineering (M&OE) and land transport segments of 22% and 11%
respectively. In particular, the M&OE segment remained weak on account of
low levels of rig-building, shipbuilding and repair activities. For the full
year 2017, the transport engineering cluster shrank by 6.9%, dragged down
mainly by the M&OE segment. |
|
|
The
biomedical manufacturing cluster contracted by 28% in the fourth quarter
2017, weighed down by the pharmaceuticals segment (-37%) on the back of a
drop in the production of active pharmaceutical ingredients and biological
products. However, the medical technology segment, which grew at a healthy
pace of 3.3%, provided some support to the cluster. For 2017 as a whole,
output in the biomedical manufacturing cluster fell by 9.3%, led by the
output decline in the pharmaceuticals segment. |
|
|
OVERALL
INDUSTRY OUTLOOK : MARGINAL GROWTH |
|
PROFIT
AND LOSS ACCOUNT
|
|
THE
FINANCIAL STATEMENTS WERE PREPARED IN ACCORDANCE WITH SINGAPORE FINANCIAL
REPORTING STANDARDS. |
|
CCD
(SINGAPORE) PTE. LTD. |
|
Financial
Year End |
2016-12-31 |
2015-12-31 |
2014-12-31 |
2013-12-31 |
2012-12-31 |
|
Months |
12 |
12 |
12 |
12 |
12 |
|
Consolidated
Account |
Company |
Company |
Company |
Company |
Company |
|
Audited
Account |
YES |
YES |
YES |
YES |
YES |
|
Unqualified
Auditor's Report (Clean Opinion) |
YES |
YES |
YES |
YES |
YES |
|
Financial
Type |
FULL |
FULL |
FULL |
FULL |
FULL |
|
Currency |
USD |
USD |
USD |
USD |
USD |
|
TURNOVER |
374,282,746 |
411,467,334 |
599,735,649 |
233,744,997 |
- |
|
Other
Income |
2,136,362 |
1,767,629 |
2,457,558 |
7,502,394 |
- |
|
---------------- |
---------------- |
---------------- |
---------------- |
---------------- |
|
|
Total
Turnover |
376,419,108 |
413,234,963 |
602,193,207 |
241,247,391 |
- |
|
Costs
of Goods Sold |
(363,471,896) |
(374,454,995) |
(516,172,920) |
(246,335,636) |
- |
|
---------------- |
---------------- |
---------------- |
---------------- |
---------------- |
|
|
Gross
Profit |
12,947,212 |
38,779,968 |
86,020,287 |
(5,088,245) |
- |
|
---------------- |
---------------- |
---------------- |
---------------- |
---------------- |
|
|
PROFIT/(LOSS)
FROM OPERATIONS |
(23,936,029) |
(5,786,422) |
45,943,811 |
(32,893,369) |
(3,640,414) |
|
---------------- |
---------------- |
---------------- |
---------------- |
---------------- |
|
|
PROFIT/(LOSS)
BEFORE TAXATION |
(23,936,029) |
(5,786,422) |
45,943,811 |
(32,893,369) |
(3,640,414) |
|
Taxation |
(4,749) |
- |
- |
- |
- |
|
---------------- |
---------------- |
---------------- |
---------------- |
---------------- |
|
|
PROFIT/(LOSS)
AFTER TAXATION |
(23,940,778) |
(5,786,422) |
45,943,811 |
(32,893,369) |
(3,640,414) |
|
---------------- |
---------------- |
---------------- |
---------------- |
---------------- |
|
|
RETAINED
PROFIT/(LOSS) BROUGHT FORWARD |
|||||
|
As
previously reported |
2,030,619 |
7,817,041 |
(38,126,770) |
(4,855,401) |
(1,214,987) |
|
Prior
year adjustment |
- |
- |
- |
(378,000) |
- |
|
---------------- |
---------------- |
---------------- |
---------------- |
---------------- |
|
|
As
restated |
2,030,619 |
7,817,041 |
(38,126,770) |
(5,233,401) |
(1,214,987) |
|
---------------- |
---------------- |
---------------- |
---------------- |
---------------- |
|
|
PROFIT
AVAILABLE FOR APPROPRIATIONS |
(21,910,159) |
2,030,619 |
7,817,041 |
(38,126,770) |
(4,855,401) |
|
---------------- |
---------------- |
---------------- |
---------------- |
---------------- |
|
|
RETAINED
PROFIT/(LOSS) CARRIED FORWARD |
(21,910,159) |
2,030,619 |
7,817,041 |
(38,126,770) |
(4,855,401) |
|
============= |
============= |
============= |
============= |
============= |
|
|
INTEREST
EXPENSE (as per notes to P&L) |
|||||
|
Others |
1,689,376 |
2,109,440 |
3,237,325 |
1,454,572 |
- |
|
---------------- |
---------------- |
---------------- |
---------------- |
---------------- |
|
|
1,689,376 |
2,109,440 |
3,237,325 |
1,454,572 |
- |
|
|
============= |
============= |
============= |
============= |
============= |
|
|
DEPRECIATION
(as per notes to P&L) |
31,936,170 |
32,818,960 |
30,466,377 |
19,486,235 |
777,087 |
|
AMORTIZATION |
85,944 |
94,111 |
97,995 |
- |
- |
|
---------------- |
---------------- |
---------------- |
---------------- |
---------------- |
|
|
Total
Amortization And Depreciation |
32,022,114 |
32,913,071 |
30,564,372 |
19,486,235 |
777,087 |
|
|
============= |
============= |
============= |
============= |
============= |
BALANCE
SHEET
|
|
CCD
(SINGAPORE) PTE. LTD. |
|
ASSETS
EMPLOYED: |
|||||
|
FIXED
ASSETS |
283,522,013 |
271,868,917 |
295,438,469 |
318,040,208 |
278,323,857 |
|
---------------- |
---------------- |
---------------- |
---------------- |
---------------- |
|
|
INTANGIBLE
ASSETS |
|||||
|
Others |
24,677 |
110,621 |
199,097 |
296,895 |
394,824 |
|
---------------- |
---------------- |
---------------- |
---------------- |
---------------- |
|
|
TOTAL
INTANGIBLE ASSETS |
24,677 |
110,621 |
199,097 |
296,895 |
394,824 |
|
---------------- |
---------------- |
---------------- |
---------------- |
---------------- |
|
|
TOTAL
LONG TERM ASSETS |
283,546,690 |
271,979,538 |
295,637,566 |
318,337,103 |
278,718,681 |
|
CURRENT
ASSETS |
|||||
|
Stocks |
22,103,524 |
9,406,159 |
25,461,948 |
26,693,909 |
- |
|
Trade
debtors |
24,185,071 |
33,331,027 |
34,922,045 |
28,714,135 |
- |
|
Other
debtors, deposits & prepayments |
7,904,136 |
5,541,159 |
6,587,061 |
7,237,833 |
11,933,167 |
|
Amount
due from holding company |
2,535,401 |
- |
- |
- |
- |
|
Amount
due from related companies |
16,752,941 |
85,271,358 |
104,773,820 |
80,252,220 |
287,298 |
|
Cash
& bank balances |
28,114,650 |
5,528,524 |
8,299,712 |
18,883,168 |
10,994,613 |
|
---------------- |
---------------- |
---------------- |
---------------- |
---------------- |
|
|
TOTAL
CURRENT ASSETS |
101,595,723 |
139,078,227 |
180,044,586 |
161,781,265 |
23,215,078 |
|
---------------- |
---------------- |
---------------- |
---------------- |
---------------- |
|
|
TOTAL
ASSET |
385,142,413 |
411,057,765 |
475,682,152 |
480,118,368 |
301,933,759 |
|
============= |
============= |
============= |
============= |
============= |
|
|
CURRENT
LIABILITIES |
|||||
|
Trade
creditors |
31,496,509 |
12,301,574 |
22,184,779 |
32,233,203 |
- |
|
Other
creditors & accruals |
4,081,153 |
7,824,736 |
15,330,247 |
5,117,059 |
34,788,203 |
|
Short
term borrowings/Term loans |
121,830,509 |
167,595,910 |
158,471,595 |
155,080,813 |
- |
|
Amounts
owing to holding company |
14,126,078 |
5,560,091 |
5,950,537 |
6,021,672 |
- |
|
Amounts
owing to related companies |
618,323 |
173,406 |
642,239 |
4,792,391 |
957 |
|
---------------- |
---------------- |
---------------- |
---------------- |
---------------- |
|
|
TOTAL
CURRENT LIABILITIES |
172,152,572 |
193,455,717 |
202,579,397 |
203,245,138 |
34,789,160 |
|
---------------- |
---------------- |
---------------- |
---------------- |
---------------- |
|
|
NET
CURRENT ASSETS/(LIABILITIES) |
(70,556,849) |
(54,377,490) |
(22,534,811) |
(41,463,873) |
(11,574,082) |
|
---------------- |
---------------- |
---------------- |
---------------- |
---------------- |
|
|
LONG
TERM LIABILITIES |
|||||
|
Long
term loans |
- |
14,571,429 |
64,285,714 |
114,000,000 |
100,000,000 |
|
---------------- |
---------------- |
---------------- |
---------------- |
---------------- |
|
|
TOTAL
LONG TERM LIABILITIES |
- |
14,571,429 |
64,285,714 |
114,000,000 |
100,000,000 |
|
---------------- |
---------------- |
---------------- |
---------------- |
---------------- |
|
|
TOTAL
NET ASSETS |
212,989,841 |
203,030,619 |
208,817,041 |
162,873,230 |
167,144,599 |
|
============= |
============= |
============= |
============= |
============= |
|
|
FINANCED
BY: |
|||||
|
SHARE
CAPITAL |
|||||
|
Ordinary
share capital |
234,900,000 |
201,000,000 |
201,000,000 |
201,000,000 |
172,000,000 |
|
---------------- |
---------------- |
---------------- |
---------------- |
---------------- |
|
|
TOTAL
SHARE CAPITAL |
234,900,000 |
201,000,000 |
201,000,000 |
201,000,000 |
172,000,000 |
|
RESERVES |
|||||
|
Retained
profit/(loss) carried forward |
(21,910,159) |
2,030,619 |
7,817,041 |
(38,126,770) |
(4,855,401) |
|
---------------- |
---------------- |
---------------- |
---------------- |
---------------- |
|
|
TOTAL
RESERVES |
(21,910,159) |
2,030,619 |
7,817,041 |
(38,126,770) |
(4,855,401) |
|
---------------- |
---------------- |
---------------- |
---------------- |
---------------- |
|
|
SHAREHOLDERS'
FUNDS/EQUITY |
212,989,841 |
203,030,619 |
208,817,041 |
162,873,230 |
167,144,599 |
|
|
============= |
============= |
============= |
============= |
============= |
FINANCIAL
RATIO
|
|
CCD
(SINGAPORE) PTE. LTD. |
|
TYPES
OF FUNDS |
|||||
|
Cash |
28,114,650 |
5,528,524 |
8,299,712 |
18,883,168 |
10,994,613 |
|
Net
Liquid Funds |
28,114,650 |
5,528,524 |
8,299,712 |
18,883,168 |
10,994,613 |
|
Net
Liquid Assets |
(92,660,373) |
(63,783,649) |
(47,996,759) |
(68,157,782) |
(11,574,082) |
|
Net
Current Assets/(Liabilities) |
(70,556,849) |
(54,377,490) |
(22,534,811) |
(41,463,873) |
(11,574,082) |
|
Net
Tangible Assets |
212,965,164 |
202,919,998 |
208,617,944 |
162,576,335 |
166,749,775 |
|
Net
Monetary Assets |
(92,660,373) |
(78,355,078) |
(112,282,473) |
(182,157,782) |
(111,574,082) |
|
PROFIT
& LOSS ITEMS |
|||||
|
Earnings
Before Interest & Tax (EBIT) |
(22,246,653) |
(3,676,982) |
49,181,136 |
(31,438,797) |
(3,640,414) |
|
Earnings
Before Interest, Taxes, Depreciation And Amortization (EBITDA) |
9,775,461 |
29,236,089 |
79,745,508 |
(11,952,562) |
(2,863,327) |
|
BALANCE
SHEET ITEMS |
|||||
|
Total
Borrowings |
121,830,509 |
182,167,339 |
222,757,309 |
269,080,813 |
100,000,000 |
|
Total
Liabilities |
172,152,572 |
208,027,146 |
266,865,111 |
317,245,138 |
134,789,160 |
|
Total
Assets |
385,142,413 |
411,057,765 |
475,682,152 |
480,118,368 |
301,933,759 |
|
Net
Assets |
212,989,841 |
203,030,619 |
208,817,041 |
162,873,230 |
167,144,599 |
|
Net
Assets Backing |
212,989,841 |
203,030,619 |
208,817,041 |
162,873,230 |
167,144,599 |
|
Shareholders'
Funds |
212,989,841 |
203,030,619 |
208,817,041 |
162,873,230 |
167,144,599 |
|
Total
Share Capital |
234,900,000 |
201,000,000 |
201,000,000 |
201,000,000 |
172,000,000 |
|
Total
Reserves |
(21,910,159) |
2,030,619 |
7,817,041 |
(38,126,770) |
(4,855,401) |
|
GROWTH
RATIOS (Year on Year) (%) |
|||||
|
Revenue |
(9.04) |
(31.39) |
156.58 |
- |
- |
|
Proft/(Loss)
Before Tax |
(313.66) |
(112.59) |
239.67 |
(803.56) |
(210.25) |
|
Proft/(Loss)
After Tax |
(313.74) |
(112.59) |
239.67 |
(803.56) |
(210.25) |
|
Total
Assets |
(6.30) |
(13.59) |
(0.92) |
59.01 |
263.61 |
|
Total
Liabilities |
(17.25) |
(22.05) |
(15.88) |
135.36 |
1,097.77 |
|
LIQUIDITY
(Times) |
|||||
|
Cash
Ratio |
0.16 |
0.03 |
0.04 |
0.09 |
0.32 |
|
Liquid
Ratio |
0.46 |
0.67 |
0.76 |
0.66 |
0.67 |
|
Current
Ratio |
0.59 |
0.72 |
0.89 |
0.80 |
0.67 |
|
WORKING
CAPITAL CONTROL (Days) |
|||||
|
Stock
Ratio |
22 |
8 |
15 |
42 |
0 |
|
Debtors
Ratio |
24 |
30 |
21 |
45 |
0 |
|
Creditors
Ratio |
32 |
12 |
16 |
48 |
0 |
|
SOLVENCY
RATIOS (Times) |
|||||
|
Gearing
Ratio |
0.57 |
0.90 |
1.07 |
1.65 |
0.60 |
|
Liabilities
Ratio |
0.81 |
1.02 |
1.28 |
1.95 |
0.81 |
|
Times
Interest Earned Ratio |
(13.17) |
(1.74) |
15.19 |
(21.61) |
0 |
|
Assets
Backing Ratio |
0.91 |
1.01 |
1.04 |
0.81 |
0.97 |
|
PERFORMANCE
RATIO (%) |
|||||
|
Operating
Profit Margin |
(6.40) |
(1.41) |
7.66 |
(14.07) |
0 |
|
Net
Profit Margin |
(6.40) |
(1.41) |
7.66 |
(14.07) |
0 |
|
Return
On Net Assets |
(10.44) |
(1.81) |
23.55 |
(19.30) |
(2.18) |
|
Return
On Capital Employed |
(10.44) |
(1.69) |
18.00 |
(11.34) |
(1.36) |
|
Return
On Shareholders' Funds/Equity |
(11.24) |
(2.85) |
22.00 |
(20.20) |
(2.18) |
|
Dividend
Pay Out Ratio (Times) |
0 |
0 |
0 |
0 |
0 |
|
NOTES
TO ACCOUNTS |
|||||
|
Contingent
Liabilities |
0 |
0 |
0 |
0 |
0 |
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
INR 67.95 |
|
|
1 |
INR 91.87 |
|
Euro |
1 |
INR 80.27 |
|
SGD |
1 |
INR 50.63 |
Note :
Above are approximate rates obtained from sources believed to be correct
INFORMATION DETAILS
|
Analysis Done by
: |
VIV |
|
|
|
|
Report Prepared
by : |
DNS |
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.