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MIRA
INFORM REPORT
|
Report No. : |
510490 |
|
Report Date : |
21.05.2018 |
IDENTIFICATION DETAILS
|
Name : |
MOI INTERNATIONAL
(SINGAPORE) PTE. LTD. |
|
|
|
|
Formerly Known As : |
·
MOI INTERNATIONAL PTE.
LTD. (14/01/2004) ·
MOI DAIRIES
INTERNATIONAL PTE LTD (12/06/2003) |
|
|
|
|
Registered Office : |
5, International Business Park, 05-00,
Mewah Building, 609914 |
|
|
|
|
Country : |
Singapore |
|
|
|
|
Financials (as on) : |
31.12.2016 |
|
|
|
|
Date of Incorporation : |
15.08.2001 |
|
|
|
|
Com. Reg. No.: |
200105405R |
|
|
|
|
Legal Form : |
Private Limited (Limited By Share) |
|
|
|
|
Line of Business : |
The subject is principally engaged in the
trading of cereals, sugar, oils, sauces and dairy products. |
|
|
|
|
No. of Employees : |
87 [2018] |
RATING & COMMENTS
(Mira Inform has adopted New Rating mechanism w.e.f. 23rd
January 2017)
|
MIRA’s Rating : |
C |
|
Credit Rating |
Explanation |
Rating Comments |
|
C |
Medium High Risk |
Business dealings permissible preferably
on secured basis |
|
Status : |
Poor |
|
|
|
|
Payment Behaviour : |
Slow & Delayed |
|
|
|
|
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. |
: |
200105405R |
||||
|
COMPANY NAME |
: |
MOI INTERNATIONAL (SINGAPORE) PTE. LTD. |
||||
|
FORMER NAME |
: |
MOI
INTERNATIONAL PTE. LTD. (14/01/2004) |
||||
|
INCORPORATION DATE |
: |
15/08/2001 |
||||
|
COMPANY STATUS |
: |
EXIST |
||||
|
LEGAL FORM |
: |
PRIVATE LIMITED (LIMITED BY SHARE) |
||||
|
LISTED STATUS |
: |
NO |
||||
|
REGISTERED ADDRESS |
: |
5, INTERNATIONAL BUSINESS PARK, 05-00,
MEWAH BUILDING, 609914, SINGAPORE. |
||||
|
BUSINESS ADDRESS |
: |
5, INTERNATIONAL BUSINESS PARK, 04-00,
MEWAH BUILDING, 609914, SINGAPORE. |
||||
|
TEL.NO. |
: |
65-68295296 |
||||
|
FAX.NO. |
: |
65-68295297 |
||||
|
EMAIL |
: |
MOI-INTERNATIONAL@MEWAHGROUP.COM |
||||
|
WEB SITE |
: |
WWW.MOIGROUP.COM |
||||
|
CONTACT PERSON |
: |
LEONG QUEE ME ( DIRECTOR ) |
||||
|
PRINCIPAL ACTIVITY |
: |
TRADING OF CEREALS, SUGAR, OILS, SAUCES AND
DAIRY PRODUCTS |
||||
|
ISSUED AND PAID UP CAPITAL |
: |
7,000,000.00 ORDINARY SHARE, OF A VALUE OF
SGD 7,000,000.00 |
||||
|
SALES |
: |
USD 251,555,568 [2016] |
||||
|
NET WORTH |
: |
USD (2,736,551) [2016] |
||||
|
STAFF STRENGTH |
: |
87 [2018] |
||||
|
||||||
|
LITIGATION |
: |
CLEAR |
||||
|
FINANCIAL CONDITION |
: |
POOR |
||||
|
PAYMENT |
: |
SLOW & DELAYED |
||||
|
MANAGEMENT CAPABILITY |
: |
AVERAGE |
||||
|
COMMERCIAL RISK |
: |
MODERATE |
||||
|
CURRENCY EXPOSURE |
: |
MODERATE |
||||
|
GENERAL REPUTATION |
: |
SATISFACTORY |
||||
|
INDUSTRY OUTLOOK |
: |
AVERAGE GROWTH |
||||
HISTORY /
BACKGROUND
|
The Subject is a private limited company and
is allowed to have a minimum of one and a maximum of forty-nine shareholders.
As a private limited company, the Subject must have at least two directors. A
private limited company is a separate legal entity from its shareholders. As a
separate legal entity, the Subject is capable of owning assets, entering into
contracts, sue or be sued by other companies. The liabilities of the
shareholders are to the extent of the equity they have taken up and the
creditors cannot claim on shareholders' personal assets even if the Subject is
insolvent. The Subject is governed by the Companies Act and the company must
file its annual returns, together with its financial statements with the
Registrar of Companies.
The subject is principally engaged in the (as
a / as an) trading of cereals, sugar, oils, sauces and dairy products.
The immediate holding company of the Subject
is NGO CHEW HONG CORPORATION PTE. LTD., a company incorporated in SINGAPORE.
The ultimate holding company of the Subject
is MEWAH INTERNATIONAL INC., a company incorporated in CAYMAN ISLANDS.
Share Capital History
|
Date |
Issue & Paid Up Capital |
|
25/01/2018 |
SGD 7,000,000.00 |
The major shareholder(s) of the Subject are
shown as follows :
Current Shareholder(s) :
|
Name |
Address |
IC/PP/Loc No |
Shareholding |
(%) |
|
NGO CHEW HONG CORPORATION PTE. LTD. |
5, INTERNATIONAL BUSINESS PARK, 05-00,
MEWAH BUILDING 609914 ,SINGAPORE |
199303486H |
7,000,000.00 |
100.00 |
|
--------------- |
------ |
|||
|
7,000,000.00 |
100.00 |
|||
|
============ |
===== |
+ Also Director
The Subject's interest in other companies
(Subsidiaries/Associates) are shown as follow :
|
Local No |
Country |
Company |
Status |
(%) |
As At |
|
POLAND |
KRISPI OILS POLAND SP Z.O.O. |
- |
95.00 |
31/12/2016 |
DIRECTORS
|
DIRECTOR 1
|
Name Of Subject |
: |
NGIAM SHEAU HUEY |
|
Address |
: |
120, TAMPINES STREET 11, 10-306, TAMPINES
COURT, 521120, SINGAPORE. |
|
IC / PP No |
: |
S7668392A |
|
Nationality |
: |
MALAYSIAN |
|
Date of Appointment |
: |
01/11/2012 |
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 |
198306094E |
MEWAH OILS & FATS PTE LTD |
Director |
01/11/2012 |
0.00 |
- |
USD1,052,909.00 |
2015 |
- |
15/12/2016 |
|
2 |
200105405R |
MOI INTERNATIONAL (SINGAPORE) PTE. LTD. |
Director |
01/11/2012 |
0.00 |
- |
USD(9,164,046.00) |
2016 |
- |
25/01/2018 |
|
3 |
197601006R |
NGO CHEW HONG EDIBLE OIL PTE. LTD. |
Director |
01/11/2012 |
0.00 |
- |
USD8,160,355.00 |
2015 |
- |
05/01/2017 |
DIRECTOR 2
|
Name Of Subject |
: |
LEONG QUEE ME |
|
Address |
: |
1, JALAN MUTIARA 2/4 OPAL, TAMAN MUTIARA
MAS, SKUDAI, JOHOR, 81300 SKUDAI, JOHOR, MALAYSIA. |
|
Other Address(es) |
: |
- NO. 18, JALAN PULAI 66, TAMAN PULAI
UTAMA, 81300 SKUDAI, JOHOR, MALAYSIA. - NO. 7-2, JALAN PERDANA 4, TAMAN SRI PULAI
PERDANA 2, 81300 SKUDAI, JOHOR, MALAYSIA. |
|
New IC No |
: |
710727-05-5210 |
|
Date of Birth |
: |
27/07/1971 |
|
Nationality |
: |
MALAYSIAN |
|
Date of Appointment |
: |
30/12/2008 |
INTEREST CHECK
|
Interest in companies |
: |
see below |
|
Interest in business |
: |
none in our databank |
|
Former interest |
: |
see below |
INTEREST IN COMPANY
|
No |
Local No |
Company |
Designation |
App Date |
Shareholding |
Profit/(loss) After Tax |
Financial Year |
Status |
As At |
|
|
No. |
% |
|||||||||
|
1 |
1181463A |
ACE STAR CHINESE MEDICARE SDN. BHD. |
Secretary Director |
29/03/2016 29/03/2016 |
0.00 |
- |
MYR(28,570.00) |
2016 |
- |
26/12/2017 |
|
2 |
721263W |
BATAM HEIGHTS SDN. BHD. |
Director |
01/08/2014 |
0.00 |
- |
MYR(3,407,760.00) |
2016 |
- |
26/12/2017 |
|
3 |
735879A |
BREMFIELD SDN. BHD. |
Director |
01/08/2014 |
0.00 |
- |
MYR(3,142,776.00) |
2016 |
- |
26/12/2017 |
|
4 |
290143M |
CAPITAL PARADISE SDN. BHD. |
Secretary |
28/04/2010 |
0.00 |
- |
MYR(10,707.00) |
2016 |
- |
26/12/2017 |
|
5 |
192615A |
CONTAINER FABRICATOR (M) SDN. BHD. |
Director |
01/08/2014 |
0.00 |
- |
MYR18,196.00 |
2016 |
- |
26/12/2017 |
|
6 |
409604T |
ECOBLISS SDN. BHD. |
Secretary |
28/04/2010 |
0.00 |
- |
MYR(36,749.00) |
2016 |
- |
26/12/2017 |
|
7 |
648365U |
ECOLEX SDN. BHD. |
Secretary |
28/04/2010 |
0.00 |
- |
MYR3,632,852.00 |
2016 |
- |
26/12/2017 |
|
8 |
735804P |
ECOLINEA INTERNATIONAL SDN. BHD. |
Secretary |
28/04/2010 |
0.00 |
- |
MYR(11,107.00) |
2016 |
- |
26/12/2017 |
|
9 |
1213786X |
EMINENT FORTE SDN. BHD. |
Director Secretary |
29/12/2016 29/12/2016 |
0.00 |
- |
- |
- |
- |
26/12/2017 |
|
10 |
967986X |
FORTUNE STARLIGHT SDN. BHD. |
Secretary Director |
12/12/2011 12/12/2011 |
51.00 |
51.00 |
MYR(107,707.00) |
2015 |
- |
26/12/2017 |
|
11 |
1184147U |
FORTUNEHILLS TRADE CONSULTANCY &
SERVICES SDN. BHD. |
Secretary |
19/04/2016 |
0.00 |
- |
- |
- |
- |
26/12/2017 |
|
12 |
214425T |
G & U DISTRICENTERS (M) SDN. BHD. |
Director |
01/08/2014 |
0.00 |
- |
MYR(2,046,311.00) |
2016 |
- |
26/12/2017 |
|
13 |
508637K |
G & U LOGISTICS (M) SDN. BHD. |
Director |
12/04/2011 |
0.00 |
- |
MYR(7,993.00) |
2016 |
- |
26/12/2017 |
|
14 |
889918T |
GOLDEN SUNTECH SDN. BHD. |
Secretary |
15/05/2012 |
0.00 |
- |
MYR(10,480.00) |
2016 |
- |
26/12/2017 |
|
15 |
1057088U |
INFINITY CORONA SDN. BHD. |
Secretary Director |
19/08/2013 19/08/2013 |
0.00 |
- |
MYR(134,259.00) |
2016 |
- |
26/12/2017 |
|
16 |
1015932P |
KAYUMANIS WARISAN SDN. BHD. |
Director |
31/10/2012 |
0.00 |
- |
N/A |
2016 |
- |
26/12/2017 |
|
17 |
746400A |
MEWAH DAIRIES SDN. BHD. |
Director |
01/08/2014 |
0.00 |
- |
MYR(24,962,890.00) |
2016 |
- |
26/12/2017 |
|
18 |
705284H |
MEWAH DATU SDN. BHD. |
Director |
01/08/2014 |
0.00 |
- |
MYR25,990,616.00 |
2016 |
- |
26/12/2017 |
|
19 |
198306094E |
MEWAH OILS & FATS PTE LTD |
Director |
01/07/2008 |
0.00 |
- |
USD1,052,909.00 |
2015 |
- |
15/12/2016 |
|
20 |
134182P |
MEWAH-OILS SDN. BHD. |
Director |
01/08/2014 |
0.00 |
- |
MYR74,431,223.00 |
2016 |
- |
26/12/2017 |
|
21 |
720234A |
MEWAHNEXUS SDN. BHD. |
Secretary |
28/04/2010 |
0.00 |
- |
MYR(10,462.00) |
2016 |
- |
26/12/2017 |
|
22 |
213028M |
MEWAHOLEO INDUSTRIES SDN. BHD. |
Director |
01/08/2014 |
0.00 |
- |
MYR90,624,382.00 |
2016 |
- |
26/12/2017 |
|
23 |
617962A |
MEWAHOLEO MARKETING SDN. BHD. |
Director |
01/08/2014 |
0.00 |
- |
MYR1,076,032.00 |
2016 |
- |
26/12/2017 |
|
24 |
733772U |
MITRA VALLEY SDN. BHD. |
Director |
10/10/2014 |
0.00 |
- |
MYR68,423.00 |
2016 |
- |
26/12/2017 |
|
25 |
317881W |
MOI FOODS MALAYSIA SDN. BHD. |
Director |
01/08/2014 |
0.00 |
- |
MYR(10,915,370.00) |
2016 |
- |
26/12/2017 |
|
26 |
200105405R |
MOI INTERNATIONAL (SINGAPORE) PTE. LTD. |
Director |
30/12/2008 |
0.00 |
- |
USD(9,164,046.00) |
2016 |
- |
25/01/2018 |
|
27 |
963189T |
MULTI PAVILION SDN. BHD. |
Director Secretary |
19/10/2011 19/10/2011 |
0.00 |
- |
MYR(52,715.00) |
2016 |
- |
26/12/2017 |
|
28 |
197601006R |
NGO CHEW HONG EDIBLE OIL PTE. LTD. |
Director |
01/04/2011 |
0.00 |
- |
USD8,160,355.00 |
2015 |
- |
05/01/2017 |
|
29 |
76965H |
NGO CHEW HONG OILS & FATS (M) SDN. BHD. |
Director |
01/08/2014 |
0.00 |
- |
MYR15,359,950.00 |
2016 |
- |
26/12/2017 |
|
30 |
746401P |
NILAM KEKAL SDN. BHD. |
Secretary |
28/04/2010 |
0.00 |
- |
MYR(557,157.00) |
2016 |
- |
26/12/2017 |
|
31 |
289372K |
PERFECT VENUE SDN. BHD. |
Secretary |
28/04/2010 |
0.00 |
- |
MYR2,937,015.00 |
2016 |
- |
26/12/2017 |
|
32 |
384824U |
PRUDENT IMPACT SDN. BHD. |
Secretary |
28/04/2010 |
0.00 |
- |
MYR(28,115.00) |
2016 |
- |
26/12/2017 |
|
33 |
1065779H |
RATUSAN AMAN KAPITAL SDN. BHD. |
Director |
01/08/2014 |
0.00 |
- |
N/A |
2016 |
- |
26/12/2017 |
|
34 |
962639T |
REAL PARADISE SDN. BHD. |
Secretary Director |
25/10/2011 25/10/2011 |
1.00 |
50.00 |
MYR(5,647.00) |
2016 |
- |
26/12/2017 |
|
35 |
969693U |
RUBY HONEY SDN. BHD. |
Director Secretary |
12/12/2011 12/12/2011 |
0.00 |
- |
MYR(18,838.00) |
2016 |
- |
26/12/2017 |
|
36 |
1205031U |
SS GLOBAL TRADING SDN. BHD. |
Secretary |
13/10/2016 |
1.00 |
25.00 |
- |
- |
- |
26/12/2017 |
|
37 |
1204944W |
SS RESOURCES AND AGRICULTURE INTERNATIONAL
SDN. BHD. |
Director Secretary |
09/08/2017 12/10/2016 |
55.00 |
55.00 |
- |
- |
- |
26/12/2017 |
|
38 |
1152449M |
TEAMVENTURE PROPERTIES SDN. BHD. |
Director Secretary |
16/07/2015 16/07/2015 |
2,500.00 |
25.00 |
MYR(16,814.00) |
2016 |
- |
26/12/2017 |
|
39 |
1178510W |
THREE TREASURES SDN. BHD. |
Secretary Director |
07/03/2016 07/03/2016 |
51.00 |
51.00 |
- |
- |
- |
26/12/2017 |
|
40 |
407146U |
TRANQUIL GAIN SDN. BHD. |
Secretary |
28/04/2010 |
0.00 |
- |
MYR(15,020.00) |
2016 |
- |
26/12/2017 |
|
41 |
1107843K |
WISMA MAHAWANGSA SDN. BHD. |
Director Secretary |
10/10/2014 10/10/2014 |
0.00 |
- |
MYR(6,430.00) |
2015 |
- |
26/12/2017 |
FORMER INTEREST
|
No |
Local No |
Company |
Designation |
App Date |
Withdrawn Date |
Shareholding |
Status |
|
1 |
733772U |
MITRA VALLEY SDN. BHD. |
Secretary |
18/03/2011 |
10/10/2014 |
- |
- |
|
2 |
289372K |
PERFECT VENUE SDN. BHD. |
Director |
04/05/2009 |
12/08/2010 |
- |
- |
|
3 |
1205031U |
SS GLOBAL TRADING SDN. BHD. |
Director |
13/10/2016 |
26/01/2017 |
- |
- |
DIRECTOR 3
|
Name Of Subject |
: |
LEONG CHOI FOONG |
|
Address |
: |
B-5-7, ENDAH REGAL CONDO, 7, JALAN 3/149E,
TAMAN SRI ENDAH, 57000 KUALA LUMPUR, WILAYAH PERSEKUTUAN, MALAYSIA. |
|
New IC No |
: |
560924-10-5466 |
|
Date of Birth |
: |
24/09/1956 |
|
Nationality |
: |
MALAYSIAN |
|
Date of Appointment |
: |
13/01/2011 |
INTEREST CHECK
|
Interest in companies |
: |
see below |
|
Interest in business |
: |
none in our databank |
|
Former interest |
: |
see below |
INTEREST IN COMPANY
|
No |
Local No |
Company |
Designation |
App Date |
Shareholding |
Profit/(loss) After Tax |
Financial Year |
Status |
As At |
|
|
No. |
% |
|||||||||
|
1 |
931715T |
AGRI KURNIA SDN. BHD. |
Secretary Director |
13/05/2011 12/05/2011 |
0.00 |
- |
MYR(25,949,042.00) |
2016 |
- |
26/12/2017 |
|
2 |
721263W |
BATAM HEIGHTS SDN. BHD. |
Secretary Director |
18/02/2006 17/02/2006 |
0.00 |
- |
MYR(3,407,760.00) |
2016 |
- |
26/12/2017 |
|
3 |
735879A |
BREMFIELD SDN. BHD. |
Secretary Director |
21/06/2006 20/06/2006 |
0.00 |
- |
MYR(3,142,776.00) |
2016 |
- |
26/12/2017 |
|
4 |
192615A |
CONTAINER FABRICATOR (M) SDN. BHD. |
Director Secretary |
18/05/2001 24/12/1990 |
0.00 |
- |
MYR18,196.00 |
2016 |
- |
26/12/2017 |
|
5 |
214425T |
G & U DISTRICENTERS (M) SDN. BHD. |
Secretary Director |
25/03/1991 25/03/1991 |
0.00 |
- |
MYR(2,046,311.00) |
2016 |
- |
26/12/2017 |
|
6 |
508637K |
G & U LOGISTICS (M) SDN. BHD. |
Secretary Director |
31/05/2006 13/06/2002 |
0.00 |
- |
MYR(7,993.00) |
2016 |
- |
26/12/2017 |
|
7 |
1015932P |
KAYUMANIS WARISAN SDN. BHD. |
Secretary Director |
01/11/2012 31/10/2012 |
0.00 |
- |
N/A |
2016 |
- |
26/12/2017 |
|
8 |
746400A |
MEWAH DAIRIES SDN. BHD. |
Secretary Director |
02/11/2006 01/11/2006 |
0.00 |
- |
MYR(24,962,890.00) |
2016 |
- |
26/12/2017 |
|
9 |
705284H |
MEWAH DATU SDN. BHD. |
Secretary Director |
26/08/2005 25/08/2005 |
0.00 |
- |
MYR25,990,616.00 |
2016 |
- |
26/12/2017 |
|
10 |
198306094E |
MEWAH OILS & FATS PTE LTD |
Director |
13/01/2011 |
0.00 |
- |
USD1,052,909.00 |
2015 |
- |
15/12/2016 |
|
11 |
735805M |
MEWAH OLEO MALAYSIA SDN. BHD. |
Secretary Director |
21/06/2006 20/06/2006 |
0.00 |
- |
MYR72,153,000.00 |
2016 |
- |
26/12/2017 |
|
12 |
134182P |
MEWAH-OILS SDN. BHD. |
Director Secretary |
18/05/2001 24/12/1990 |
0.00 |
- |
MYR74,431,223.00 |
2016 |
- |
26/12/2017 |
|
13 |
213028M |
MEWAHOLEO INDUSTRIES SDN. BHD. |
Director Secretary |
29/06/2002 25/02/1991 |
0.00 |
- |
MYR90,624,382.00 |
2016 |
- |
26/12/2017 |
|
14 |
617962A |
MEWAHOLEO MARKETING SDN. BHD. |
Secretary Director |
28/10/2003 28/10/2003 |
0.00 |
- |
MYR1,076,032.00 |
2016 |
- |
26/12/2017 |
|
15 |
733772U |
MITRA VALLEY SDN. BHD. |
Secretary Director |
10/10/2014 10/10/2014 |
0.00 |
- |
MYR68,423.00 |
2016 |
- |
26/12/2017 |
|
16 |
317881W |
MOI FOODS MALAYSIA SDN. BHD. |
Director Secretary |
18/05/2001 15/12/1994 |
0.00 |
- |
MYR(10,915,370.00) |
2016 |
- |
26/12/2017 |
|
17 |
200105405R |
MOI INTERNATIONAL (SINGAPORE) PTE. LTD. |
Director |
13/01/2011 |
0.00 |
- |
USD(9,164,046.00) |
2016 |
- |
25/01/2018 |
|
18 |
197601006R |
NGO CHEW HONG EDIBLE OIL PTE. LTD. |
Director |
16/04/2010 |
0.00 |
- |
USD8,160,355.00 |
2015 |
- |
05/01/2017 |
|
19 |
76965H |
NGO CHEW HONG OILS & FATS (M) SDN. BHD. |
Director Secretary |
28/05/2001 28/05/2001 |
0.00 |
- |
MYR15,359,950.00 |
2016 |
- |
26/12/2017 |
|
20 |
724262K |
PADAT GAYA SDN. BHD. |
Secretary Director |
06/04/2006 05/04/2006 |
0.00 |
- |
MYR116,537,699.00 |
2016 |
- |
26/12/2017 |
|
21 |
641878X |
PRELUDE GATEWAY SDN. BHD. |
Secretary Director |
14/05/2004 08/08/2005 |
0.00 |
- |
MYR300,086.00 |
2016 |
- |
26/12/2017 |
|
22 |
1065779H |
RATUSAN AMAN KAPITAL SDN. BHD. |
Secretary Director |
22/11/2013 22/11/2013 |
0.00 |
- |
N/A |
2016 |
- |
26/12/2017 |
FORMER INTEREST
|
No |
Local No |
Company |
Designation |
App Date |
Withdrawn Date |
Shareholding |
Status |
|
1 |
290143M |
CAPITAL PARADISE SDN. BHD. |
Director |
01/08/2005 |
23/05/2009 |
- |
- |
|
2 |
290143M |
CAPITAL PARADISE SDN. BHD. |
Secretary |
30/03/1994 |
28/04/2010 |
- |
- |
|
3 |
409604T |
ECOBLISS SDN. BHD. |
Director |
01/08/2005 |
12/11/2007 |
- |
- |
|
4 |
409604T |
ECOBLISS SDN. BHD. |
Secretary |
13/03/1997 |
28/04/2010 |
- |
- |
|
5 |
648365U |
ECOLEX SDN. BHD. |
Director |
09/04/2004 |
02/12/2008 |
- |
- |
|
6 |
648365U |
ECOLEX SDN. BHD. |
Secretary |
09/04/2004 |
28/04/2010 |
- |
- |
|
7 |
735804P |
ECOLINEA INTERNATIONAL SDN. BHD. |
Director |
20/06/2006 |
23/05/2009 |
- |
- |
|
8 |
735804P |
ECOLINEA INTERNATIONAL SDN. BHD. |
Secretary |
21/06/2006 |
28/04/2010 |
- |
- |
|
9 |
720234A |
MEWAHNEXUS SDN. BHD. |
Director |
13/03/2006 |
23/05/2009 |
- |
- |
|
10 |
720234A |
MEWAHNEXUS SDN. BHD. |
Secretary |
14/03/2006 |
28/04/2010 |
- |
- |
|
11 |
746401P |
NILAM KEKAL SDN. BHD. |
Director |
21/11/2006 |
23/05/2009 |
- |
- |
|
12 |
746401P |
NILAM KEKAL SDN. BHD. |
Secretary |
22/11/2006 |
28/04/2010 |
- |
- |
|
13 |
289372K |
PERFECT VENUE SDN. BHD. |
Director |
01/08/2005 |
05/05/2009 |
- |
- |
|
14 |
289372K |
PERFECT VENUE SDN. BHD. |
Secretary |
30/03/1994 |
28/04/2010 |
- |
- |
|
15 |
384824U |
PRUDENT IMPACT SDN. BHD. |
Director |
01/08/2005 |
23/05/2009 |
- |
- |
|
16 |
384824U |
PRUDENT IMPACT SDN. BHD. |
Secretary |
16/08/1996 |
28/04/2010 |
- |
- |
|
17 |
407146U |
TRANQUIL GAIN SDN. BHD. |
Director |
01/08/2005 |
23/05/2009 |
- |
- |
|
18 |
407146U |
TRANQUIL GAIN SDN. BHD. |
Secretary |
13/03/1997 |
28/04/2010 |
- |
- |
MANAGEMENT
|
|
1) |
Name of Subject |
: |
LEONG QUEE ME |
|
Position |
: |
DIRECTOR |
|
AUDITOR
|
|
Auditor |
: |
PRICEWATERHOUSECOOPERS LLP |
|
Auditor' Address |
: |
N/A |
COMPANY
SECRETARIES
|
|
1) |
Company Secretary |
: |
LAURA NG KWEE HONG |
|
IC / PP No |
: |
S1193635J |
|
|
Address |
: |
10, BROOKE ROAD, 08-02, EAST VIEW, 429986, SINGAPORE. |
|
BANKING
|
Banking relations are maintained principally with :
|
1) |
Name |
: |
BNP PARIBAS |
|
2) |
Name |
: |
STANDARD CHARTERED BANK |
|
3) |
Name |
: |
DBS BANK LTD |
ENCUMBRANCE (S)
|
|
Charge No |
Creation Date |
Charge Description |
Chargee Name |
Total Charge |
Status |
|
C201004133 |
19/05/2010 |
N/A |
BNP PARIBAS |
- |
Unsatisfied |
|
C201111258 |
09/09/2011 |
N/A |
DBS BANK LTD |
- |
Unsatisfied |
|
C201212287 |
25/10/2012 |
N/A |
ICICI BANK LIMITED |
- |
Unsatisfied |
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.
DEFAULTER CHECK
AGAINST SUBJECT
|
* We have checked through the Subject in our defaulters' database which
comprised of debtors that have been blacklisted by our customers and debtors
that have been placed or assigned to us for collection.
No blacklisted record & debt collection case was found in our defaulters'
databank.
PAYMENT RECORD
|
|
||
|
SOURCES OF RAW MATERIALS: |
||
|
Local |
: |
YES |
|
Overseas |
: |
YES |
The Subject's supplier is from non-related parties and also related
company.
The Subject refused to provide any name of trade/service supplier and we are
unable to conduct any trade enquiry. However, from financial historical data we
conclude that :
|
OVERALL PAYMENT HABIT |
||||||||||||||
|
Prompt 0-30 Days |
[ |
] |
Good 31-60 Days |
[ |
] |
Average 61-90 Days |
[ |
X |
] |
|||||
|
Fair 91-120 Days |
[ |
] |
Poor >120 Days |
[ |
] |
|||||||||
CLIENTELE
|
|
Local |
: |
YES |
|||
|
Domestic Markets |
: |
SINGAPORE |
|||
|
Overseas |
: |
YES |
|||
|
Export Market |
: |
WORLDWIDE |
|||
|
Credit Term |
: |
N/A |
|||
|
Payment Mode |
: |
CHEQUES |
|||
The Subject also sells their products to non-related parties and related
company.
OPERATIONS
|
|
Goods Traded |
: |
CEREALS, SUGAR, OILS, SAUCES AND DAIRY
PRODUCTS |
|
|
Total Number of Employees: |
|
||||||||
|
YEAR |
2018 |
2016 |
2014 |
||||||
|
|
|||||||||
|
GROUP |
N/A |
N/A |
N/A |
||||||
|
COMPANY |
87 |
100 |
100 |
||||||
|
Branch |
: |
NO |
Other Information:
The Subject is principally engaged in the (as a / as an) trading of cereals,
sugar, oils, sauces and dairy products.
The Subject distributes consumer pack goods. Its offers frying products, such
as frying compounds and oils.
The Subject also provides bakery products, including shortening products,
margarines, biscuit filling, catering spreads, bakery compounds, pan release
agents, and vegetable ghee/vanaspati products.
In addition, the Subject also offers confectionery products, such as chocolate
products, compound chocolates, coatings, fillings, ice cream fats, and spread
fats.
Further, the Subject provides milk fat replacers, including butter oil
substitutes, melange, non-dairy creamer fats, analogue cheese fats, and yoghurt
and sour cream fats, as well as liquid and cooking oils, and sweetened
condensed filled milk.
The Subject is one of the leading suppliers of consumer pack goods.
CURRENT
INVESTIGATION
|
Latest fresh investigations carried out on
the Subject indicated that :
|
Telephone Number Provided By Client |
: |
65 6829 5296/6776 6631 |
|
Current Telephone Number |
: |
65-68295296 |
|
Match |
: |
YES |
|
Address Provided by Client |
: |
5, INTERNATIONAL BUSINESS PARK, #04-00
MEWAH BUILDING, 609914 SINGAPORE |
|
Current Address |
: |
5, INTERNATIONAL BUSINESS PARK, 04-00,
MEWAH BUILDING, 609914, SINGAPORE. |
|
Match |
: |
YES |
Other Investigations
We have contacted one of the staff from the Subject and she provided some
information.
FINANCIAL
ANALYSIS
|
|
Profitability |
||||||
|
Turnover |
: |
Decreased |
[ |
2012 - 2016 |
] |
|
|
Profit/(Loss) Before Tax |
: |
Decreased |
[ |
2012 - 2016 |
] |
|
|
Return on Shareholder Funds |
: |
Unfavourable |
[ |
334.88% |
] |
|
|
Return on Net Assets |
: |
Unfavourable |
[ |
339.75% |
] |
|
|
The continuous fall in turnover could be
due to the lower demand for the Subject's products / services.The Subject
incurred losses during the year due to the inefficient control of its
operating costs. Although the Subject's returns showed positive figures it is
not reflective of the true situation. The Subject incurred losses during the
year and its shareholders' funds have turned red. The positive returns on
shareholders' funds is the result of losses divided by negative shareholders'
funds. The Subject's management was inefficient in utilising the assets to
generate returns. |
||||||
|
Working Capital Control |
||||||
|
Stock Ratio |
: |
Favourable |
[ |
28 Days |
] |
|
|
Debtor Ratio |
: |
Favourable |
[ |
27 Days |
] |
|
|
Creditors Ratio |
: |
Favourable |
[ |
8 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 |
[ |
0.64 Times |
] |
|
|
Current Ratio |
: |
Unfavourable |
[ |
0.94 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 |
[ |
(28.43 Times) |
] |
|
|
Gearing Ratio |
: |
Unfavourable |
[ |
(2.04 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's gearing was negative during the year as
its shareholders' funds was in the red. This means the Subject is running its
business using borrowed money. We consider the Subject as facing high
financial risks. |
||||||
|
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
has high financial risks. If its shareholders do not inject more capital into
the company or if its business performance does not improve, its going
concern may be in question. |
||||||
|
Overall financial condition of the Subject
: POOR |
||||||
|
|
||||||
SINGAPORE
ECONOMIC / INDUSTRY OUTLOOK
|
|
Major Economic Indicators : |
2012 |
2013 |
2014 |
2015 |
2016* |
|
|
|||||
|
Population (Million) |
5.31 |
5.40 |
5.47 |
5.54 |
5.63 |
|
Gross Domestic Products ( % ) |
1.3 |
3.7 |
(3.5) |
3.7 |
4.8 |
|
Consumer Price Index |
4.6 |
2.4 |
2.4 |
(0.5) |
(0.7) |
|
Total Imports (Million) |
474,554.0 |
466,762.0 |
463,779.1 |
407,767.9 |
398,372.0 |
|
Total Exports (Million) |
510,329.0 |
513,391.0 |
518,922.7 |
476,285.4 |
468,552.0 |
|
|
|||||
|
Unemployment Rate (%) |
2.0 |
1.9 |
1.9 |
1.9 |
2.1 |
|
Tourist Arrival (Million) |
14.49 |
15.46 |
15.01 |
15.23 |
16.28 |
|
Hotel Occupancy Rate (%) |
86.4 |
86.3 |
85.5 |
85.0 |
- |
|
Cellular Phone Subscriber (Million) |
1.52 |
1.97 |
1.98 |
1.99 |
- |
|
|
|||||
|
Registration of New Companies (No.) |
31,892 |
37,288 |
41,589 |
34,243 |
35,528 |
|
Registration of New Companies (%) |
(1.3) |
9.8 |
11.5 |
(17.7) |
3.8 |
|
Liquidation of Companies (No.) |
17,218 |
17,369 |
18,767 |
21,384 |
- |
|
Liquidation of Companies (%) |
9.4 |
(5.3) |
8.0 |
13.9 |
- |
|
|
|||||
|
Registration of New Businesses (No.) |
24,788 |
22,893 |
35,773 |
28,480 |
33,326 |
|
Registration of New Businesses (%) |
5.51 |
1.70 |
56.30 |
(20.39) |
17.02 |
|
Liquidation of Businesses (No.) |
22,489 |
22,598 |
22,098 |
26,116 |
- |
|
Liquidation of Businesses (%) |
(2.2) |
0.5 |
(2.2) |
18.2 |
- |
|
|
|||||
|
Bankruptcy Orders (No.) |
1,748 |
1,992 |
1,757 |
1,776 |
- |
|
Bankruptcy Orders (%) |
14.5 |
14.0 |
(11.8) |
1.0 |
- |
|
Bankruptcy Discharges (No.) |
1,881 |
2,584 |
3,546 |
3,499 |
- |
|
Bankruptcy Discharges (%) |
35.2 |
37.4 |
37.2 |
(1.3) |
- |
|
|
|||||
|
INDUSTRIES ( % of Growth ) : |
|||||
|
Agriculture |
|||||
|
Production of Principal Crops |
5.16 |
1.78 |
4.29 |
3.04 |
- |
|
Fish Supply & Wholesale |
(0.5) |
(3.8) |
(8.6) |
(8.5) |
(9.9) |
|
|
|||||
|
Manufacturing # |
|||||
|
Food, Beverages & Tobacco |
97.9 |
97.9 |
99.4 |
100.0 |
103.7 |
|
Textiles |
140.1 |
119.5 |
102.7 |
100.0 |
93.3 |
|
Wearing Apparel |
395.4 |
334.1 |
212.6 |
100.0 |
80.3 |
|
Leather Products & Footwear |
109.5 |
122.0 |
106.5 |
100.0 |
93.2 |
|
Wood & Wood Products |
93.3 |
103.0 |
107.2 |
100.0 |
90.5 |
|
Paper & Paper Products |
98.5 |
104.4 |
104.5 |
100.0 |
99.7 |
|
Printing & Media |
122.8 |
113.8 |
105.968 |
100.0 |
86.9 |
|
Crude Oil Refineries |
107.1 |
100.7 |
92.2 |
100.0 |
100.5 |
|
Chemical & Chemical Products |
85.3 |
88.4 |
96.7 |
100.0 |
97.6 |
|
Pharmaceutical Products |
103.8 |
101.421 |
109.4 |
100.0 |
115.9 |
|
Rubber & Plastic Products |
113.5 |
109.497 |
109.2 |
100.0 |
87.9 |
|
Non-metallic Mineral |
108.8 |
107.4 |
90.759 |
100.0 |
93.6 |
|
Basic Metals |
91.5 |
77.2 |
99.3 |
100.0 |
113.1 |
|
Fabricated Metal Products |
107.314 |
107.5 |
107.757 |
100.0 |
91.7 |
|
Machinery & Equipment |
107.3 |
109.1 |
118.2 |
100.0 |
79.3 |
|
Electrical Machinery |
80.102 |
87.4 |
97.871 |
100.0 |
99.3 |
|
Electronic Components |
100.7 |
105.0 |
105.6 |
100.0 |
106.3 |
|
Transport Equipment |
109.9 |
111.1 |
106.68 |
100.0 |
98.7 |
|
|
|||||
|
Construction |
28.70 |
25.40 |
22.00 |
- |
- |
|
Real Estate |
31.9 |
88.5 |
145.1 |
- |
- |
|
|
|||||
|
Services |
|||||
|
Electricity, Gas & Water |
6.30 |
6.70 |
6.50 |
- |
- |
|
Transport, Storage & Communication |
5.30 |
9.80 |
14.20 |
- |
- |
|
Finance & Insurance |
0.50 |
3.30 |
6.00 |
- |
7.40 |
|
Government Services |
6.00 |
6.50 |
6.30 |
- |
- |
|
Education Services |
0.30 |
3.10 |
5.98 |
- |
2.40 |
|
|
|||||
|
* Estimate / Preliminary |
|||||
|
# Based on Index of Industrial Production
(2015 = 100) |
INDUSTRY
ANALYSIS
|
|
INDUSTRY : |
TRADING |
|
The wholesale & retail trade sector
expanded by 6.8% in the third quarter of 2015, higher than the 6.0% growth in
the preceding quarter. Growth was supported by both the wholesale trade and
retail trade segments. The wholesale trade segment was boosted by an increase
in both domestic and foreign wholesale trade sales volume. In particular, the
domestic wholesale trade index rose by 7.4%, following the 8.1 % increase in
the previous quarter. The strong performance in domestic wholesale trade was
due to a surge in the sales of petroleum and petroleum products (14%),
chemicals & chemical products (39%) and telecommunications &
computers (18%). |
|
|
Similarly, the foreign wholesale trade
index rose by 10% in the third quarter of 2015, accelerating from the 6.9%
rise in the previous quarter. Growth was driven by improvements in the sales
of petroleum & petroleum products (21%), metals, timber &
construction materials (10%) and general wholesale trade (8.8%). |
|
|
Overall retail trade sales volume also
recorded resilient growth of 5.6% in the third quarter of 2015, extending the
6.4 % expansion in the second quarter. Growth was supported by a surge in the
volume of motor vehicle sales (44%), which was in turn due to a substantial
increase in the supply of Certificate of Entitlements. Excluding motor vehicles,
retail sales volume increased at a much slower pace of 0.7% over the same
period. The increase in retail sales volume (excluding motor vehicles) was
due to improved non-discretionary goods sales. For instance, the sales of
medical goods & toiletries and department store goods rose by 8.1% and
3.6% respectively. |
|
|
According to the Retail News Asia, Food and
beverage has overtaken fashion as the primary driver of demand for retail
real estate in Singapore. Despite declining retail sales and consumer
spending, the prime retail sector remained in good shape during the third
quarter 2015. |
|
|
OVERALL INDUSTRY OUTLOOK : AVERAGE GROWTH |
|
CREDIT RISK
EVALUATION & RECOMMENDATION
|
|
|
PROFIT AND LOSS
ACCOUNT
|
|
THE FINANCIAL STATEMENTS WERE PREPARED IN
ACCORDANCE WITH SINGAPORE FINANCIAL REPORTING STANDARDS. |
|
MOI INTERNATIONAL (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 |
251,555,568 |
336,183,981 |
526,417,077 |
493,298,204 |
605,101,713 |
|
Other Income |
23,481 |
98,906 |
54,328 |
278,952 |
401,300 |
|
---------------- |
---------------- |
---------------- |
---------------- |
---------------- |
|
|
Total Turnover |
251,579,049 |
336,282,887 |
526,471,405 |
493,577,156 |
605,503,013 |
|
Costs of Goods Sold |
(235,903,544) |
(305,175,058) |
(493,168,856) |
(467,254,959) |
(576,143,121) |
|
---------------- |
---------------- |
---------------- |
---------------- |
---------------- |
|
|
Gross Profit |
15,675,505 |
31,107,829 |
33,302,549 |
26,322,197 |
29,359,892 |
|
---------------- |
---------------- |
---------------- |
---------------- |
---------------- |
|
|
PROFIT/(LOSS) FROM OPERATIONS |
(9,624,348) |
2,948,901 |
3,435,476 |
(14,756,866) |
4,201,208 |
|
---------------- |
---------------- |
---------------- |
---------------- |
---------------- |
|
|
PROFIT/(LOSS) BEFORE TAXATION |
(9,624,348) |
2,948,901 |
3,435,476 |
(14,756,866) |
4,201,208 |
|
Taxation |
460,302 |
(229,829) |
(396,333) |
892,567 |
(425,062) |
|
---------------- |
---------------- |
---------------- |
---------------- |
---------------- |
|
|
PROFIT/(LOSS) AFTER TAXATION |
(9,164,046) |
2,719,072 |
3,039,143 |
(13,864,299) |
3,776,146 |
|
---------------- |
---------------- |
---------------- |
---------------- |
---------------- |
|
|
RETAINED PROFIT/(LOSS) BROUGHT FORWARD |
|||||
|
As previously reported |
4,898,343 |
2,179,271 |
(859,872) |
13,004,427 |
9,228,281 |
|
---------------- |
---------------- |
---------------- |
---------------- |
---------------- |
|
|
As restated |
4,898,343 |
2,179,271 |
(859,872) |
13,004,427 |
9,228,281 |
|
---------------- |
---------------- |
---------------- |
---------------- |
---------------- |
|
|
PROFIT AVAILABLE FOR APPROPRIATIONS |
(4,265,703) |
4,898,343 |
2,179,271 |
(859,872) |
13,004,427 |
|
---------------- |
---------------- |
---------------- |
---------------- |
---------------- |
|
|
RETAINED PROFIT/(LOSS) CARRIED FORWARD |
(4,265,703) |
4,898,343 |
2,179,271 |
(859,872) |
13,004,427 |
|
============= |
============= |
============= |
============= |
============= |
|
|
INTEREST EXPENSE (as per notes to P&L) |
|||||
|
Loan from holding company |
53,508 |
71,518 |
207,041 |
436,703 |
347,663 |
|
Term loan / Borrowing |
273,464 |
157,612 |
428,933 |
595 |
- |
|
Others |
- |
- |
- |
311,540 |
844,325 |
|
---------------- |
---------------- |
---------------- |
---------------- |
---------------- |
|
|
326,972 |
229,130 |
635,974 |
748,838 |
1,191,988 |
|
|
============= |
============= |
============= |
============= |
============= |
|
|
DEPRECIATION (as per notes to P&L) |
91,936 |
63,228 |
36,501 |
9,107 |
5,548 |
|
---------------- |
---------------- |
---------------- |
---------------- |
---------------- |
|
|
Total Amortization And Depreciation |
91,936 |
63,228 |
36,501 |
9,107 |
5,548 |
|
============= |
============= |
============= |
============= |
============= |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
BALANCE SHEET
|
|
MOI INTERNATIONAL (SINGAPORE) PTE. LTD. |
|
ASSETS EMPLOYED: |
|||||
|
FIXED ASSETS |
215,415 |
210,018 |
241,310 |
98,051 |
30,641 |
|
LONG TERM INVESTMENTS/OTHER ASSETS |
|||||
|
Deferred assets |
601,587 |
141,285 |
371,114 |
764,101 |
- |
|
---------------- |
---------------- |
---------------- |
---------------- |
---------------- |
|
|
TOTAL LONG TERM INVESTMENTS/OTHER ASSETS |
601,587 |
141,285 |
371,114 |
764,101 |
- |
|
---------------- |
---------------- |
---------------- |
---------------- |
---------------- |
|
|
TOTAL LONG TERM ASSETS |
817,002 |
351,303 |
612,424 |
862,152 |
30,641 |
|
CURRENT ASSETS |
|||||
|
Stocks |
18,992,677 |
22,383,253 |
31,559,838 |
26,354,312 |
10,957,500 |
|
Trade debtors |
18,779,223 |
30,496,507 |
63,025,399 |
69,382,955 |
92,881,685 |
|
Other debtors, deposits & prepayments |
1,022,888 |
729,055 |
2,248,943 |
565,053 |
1,879,422 |
|
Amount due from related companies |
17,038,425 |
13,212,290 |
- |
- |
- |
|
Cash & bank balances |
2,841,284 |
1,871,463 |
1,195,243 |
2,554,848 |
1,659,946 |
|
Others |
412,450 |
205,247 |
1,125,416 |
409,426 |
1,225,573 |
|
---------------- |
---------------- |
---------------- |
---------------- |
---------------- |
|
|
TOTAL CURRENT ASSETS |
59,086,947 |
68,897,815 |
99,154,839 |
99,266,594 |
108,604,126 |
|
---------------- |
---------------- |
---------------- |
---------------- |
---------------- |
|
|
TOTAL ASSET |
59,903,949 |
69,249,118 |
99,767,263 |
100,128,746 |
108,634,767 |
|
============= |
============= |
============= |
============= |
============= |
|
|
CURRENT LIABILITIES |
|||||
|
Trade creditors |
4,953,495 |
2,142,867 |
61,652,709 |
52,913,554 |
65,061,299 |
|
Other creditors & accruals |
6,025,992 |
3,137,159 |
3,417,443 |
3,229,963 |
4,348,171 |
|
Short term borrowings/Term loans |
- |
- |
22,293,440 |
1,298,385 |
3,115,552 |
|
Other borrowings |
5,580,000 |
23,473,257 |
- |
- |
- |
|
Deposits from customers |
2,401,677 |
2,168,515 |
1,503,296 |
- |
- |
|
Amounts owing to holding company |
1,249,643 |
1,495,324 |
6,095,755 |
41,020,517 |
19,473,682 |
|
Amounts owing to related companies |
42,378,295 |
30,302,086 |
69,862 |
186,949 |
- |
|
Provision for taxation |
- |
- |
- |
21,449 |
417,629 |
|
Other liabilities |
51,398 |
102,415 |
1,026,335 |
788,649 |
1,684,855 |
|
---------------- |
---------------- |
---------------- |
---------------- |
---------------- |
|
|
TOTAL CURRENT LIABILITIES |
62,640,500 |
62,821,623 |
96,058,840 |
99,459,466 |
94,101,188 |
|
---------------- |
---------------- |
---------------- |
---------------- |
---------------- |
|
|
NET CURRENT ASSETS/(LIABILITIES) |
(3,553,553) |
6,076,192 |
3,095,999 |
(192,872) |
14,502,938 |
|
---------------- |
---------------- |
---------------- |
---------------- |
---------------- |
|
|
TOTAL NET ASSETS |
(2,736,551) |
6,427,495 |
3,708,423 |
669,280 |
14,533,579 |
|
============= |
============= |
============= |
============= |
============= |
|
|
FINANCED BY: |
|||||
|
SHARE CAPITAL |
|||||
|
Ordinary share capital |
1,529,152 |
1,529,152 |
1,529,152 |
1,529,152 |
1,529,152 |
|
---------------- |
---------------- |
---------------- |
---------------- |
---------------- |
|
|
TOTAL SHARE CAPITAL |
1,529,152 |
1,529,152 |
1,529,152 |
1,529,152 |
1,529,152 |
|
RESERVES |
|||||
|
Retained profit/(loss) carried forward |
(4,265,703) |
4,898,343 |
2,179,271 |
(859,872) |
13,004,427 |
|
---------------- |
---------------- |
---------------- |
---------------- |
---------------- |
|
|
TOTAL RESERVES |
(4,265,703) |
4,898,343 |
2,179,271 |
(859,872) |
13,004,427 |
|
---------------- |
---------------- |
---------------- |
---------------- |
---------------- |
|
|
SHAREHOLDERS' FUNDS/EQUITY |
(2,736,551) |
6,427,495 |
3,708,423 |
669,280 |
14,533,579 |
|
============= |
============= |
============= |
============= |
============= |
|
|
|
|
|
|
|
|
FINANCIAL RATIO
|
|
MOI INTERNATIONAL (SINGAPORE) PTE. LTD. |
|
TYPES OF FUNDS |
|||||
|
Cash |
2,841,284 |
1,871,463 |
1,195,243 |
2,554,848 |
1,659,946 |
|
Net Liquid Funds |
2,841,284 |
1,871,463 |
1,195,243 |
2,554,848 |
1,659,946 |
|
Net Liquid Assets |
(22,546,230) |
(16,307,061) |
(28,463,839) |
(26,547,184) |
3,545,438 |
|
Net Current Assets/(Liabilities) |
(3,553,553) |
6,076,192 |
3,095,999 |
(192,872) |
14,502,938 |
|
Net Tangible Assets |
(2,736,551) |
6,427,495 |
3,708,423 |
669,280 |
14,533,579 |
|
Net Monetary Assets |
(22,546,230) |
(16,307,061) |
(28,463,839) |
(26,547,184) |
3,545,438 |
|
PROFIT & LOSS ITEMS |
|||||
|
Earnings Before Interest & Tax (EBIT) |
(9,297,376) |
3,178,031 |
4,071,450 |
(14,008,028) |
5,393,196 |
|
Earnings Before Interest, Taxes,
Depreciation And Amortization (EBITDA) |
(9,205,440) |
3,241,259 |
4,107,951 |
(13,998,921) |
5,398,744 |
|
BALANCE SHEET ITEMS |
|||||
|
Total Borrowings |
5,580,000 |
23,473,257 |
22,293,440 |
1,298,385 |
3,115,552 |
|
Total Liabilities |
62,640,500 |
62,821,623 |
96,058,840 |
99,459,466 |
94,101,188 |
|
Total Assets |
59,903,949 |
69,249,118 |
99,767,263 |
100,128,746 |
108,634,767 |
|
Net Assets |
(2,736,551) |
6,427,495 |
3,708,423 |
669,280 |
14,533,579 |
|
Net Assets Backing |
(2,736,551) |
6,427,495 |
3,708,423 |
669,280 |
14,533,579 |
|
Shareholders' Funds |
(2,736,551) |
6,427,495 |
3,708,423 |
669,280 |
14,533,579 |
|
Total Share Capital |
1,529,152 |
1,529,152 |
1,529,152 |
1,529,152 |
1,529,152 |
|
Total Reserves |
(4,265,703) |
4,898,343 |
2,179,271 |
(859,872) |
13,004,427 |
|
GROWTH RATIOS (Year on Year) (%) |
|||||
|
Revenue |
(25.17) |
(36.14) |
6.71 |
(18.48) |
(43.43) |
|
Proft/(Loss) Before Tax |
(426.37) |
(14.16) |
123.28 |
(451.25) |
362.82 |
|
Proft/(Loss) After Tax |
(437.03) |
(10.53) |
121.92 |
(467.15) |
491.88 |
|
Total Assets |
(13.50) |
(30.59) |
(0.36) |
(7.83) |
(58.11) |
|
Total Liabilities |
(0.29) |
(34.60) |
(3.42) |
5.69 |
(61.71) |
|
LIQUIDITY (Times) |
|||||
|
Cash Ratio |
0.05 |
0.03 |
0.01 |
0.03 |
0.02 |
|
Liquid Ratio |
0.64 |
0.74 |
0.70 |
0.73 |
1.04 |
|
Current Ratio |
0.94 |
1.10 |
1.03 |
1.00 |
1.15 |
|
WORKING CAPITAL CONTROL (Days) |
|||||
|
Stock Ratio |
28 |
24 |
22 |
20 |
7 |
|
Debtors Ratio |
27 |
33 |
44 |
51 |
56 |
|
Creditors Ratio |
8 |
3 |
46 |
41 |
41 |
|
SOLVENCY RATIOS (Times) |
|||||
|
Gearing Ratio |
(2.04) |
3.65 |
6.01 |
1.94 |
0.21 |
|
Liabilities Ratio |
(22.89) |
9.77 |
25.90 |
148.61 |
6.47 |
|
Times Interest Earned Ratio |
(28.43) |
13.87 |
6.40 |
(18.71) |
4.52 |
|
Assets Backing Ratio |
(1.79) |
4.20 |
2.43 |
0.44 |
9.50 |
|
PERFORMANCE RATIO (%) |
|||||
|
Operating Profit Margin |
(3.83) |
0.88 |
0.65 |
(2.99) |
0.69 |
|
Net Profit Margin |
(3.64) |
0.81 |
0.58 |
(2.81) |
0.62 |
|
Return On Net Assets |
339.75 |
49.44 |
109.79 |
(2,093.00) |
37.11 |
|
Return On Capital Employed |
339.75 |
49.44 |
109.79 |
(2,093.00) |
37.11 |
|
Return On Shareholders' Funds/Equity |
334.88 |
42.30 |
81.95 |
(2,071.52) |
25.98 |
|
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 67.96 |
|
|
1 |
INR 91.88 |
|
Euro |
1 |
INR 80.26 |
|
SGD |
1 |
INR 50.75 |
Note :
Above are approximate rates obtained from sources believed to be correct
INFORMATION DETAILS
|
Analysis Done by
: |
VAR |
|
|
|
|
Report Prepared
by : |
KET |
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.