|
|
|
MIRA
INFORM REPORT
|
Report No. : |
510492 |
|
Report Date : |
21.05.2018 |
IDENTIFICATION DETAILS
|
Name : |
VALENCY INTERNATIONAL TRADING PTE. LTD. |
|
|
|
|
Registered Office : |
10, Anson Road, 17-23, International Plaza, 079903 |
|
|
|
|
Country : |
Singapore |
|
|
|
|
Financials (as on) : |
31.03.2012 |
|
|
|
|
Date of Incorporation : |
06.02.2007 |
|
|
|
|
Com. Reg. No.: |
200702113R |
|
|
|
|
Legal Form : |
Exempt Private (Limited By Share) |
|
|
|
|
Line of Business : |
The Subject is engaged in the trading of agro & consumer
goods, sulphur & fertilizers, steel & scrap, and others. |
|
|
|
|
No. of Employees : |
25 [2018] |
RATING & COMMENTS
(Mira Inform has adopted New Rating mechanism w.e.f. 23rd
January 2017)
|
MIRA’s Rating : |
B |
|
Credit Rating |
Explanation |
Rating Comments |
|
B |
Medium Risk |
Business dealings permissible on a regular
monitoring basis |
|
Status : |
Moderate |
|
|
|
|
Payment Behaviour : |
Unknown |
|
|
|
|
Litigation : |
Clear |
NOTES:
Any query related to this report can be made
on e-mail: infodept@mirainform.com
while quoting report number, name and date.
ECGC Country Risk Classification List
|
Country Name |
Previous Rating (30.09.2017) |
Current Rating (31.12.2017) |
|
Singapore |
A1 |
A1 |
|
Risk Category |
ECGC Classification |
|
Insignificant |
A1 |
|
Low Risk |
A2 |
|
Moderately Low Risk |
B1 |
|
Moderate Risk |
B2 |
|
Moderately High Risk |
C1 |
|
High Risk |
C2 |
|
Very High Risk |
D |
SINGAPORE -ECONOMIC OVERVIEW
Singapore has a highly developed and successful free-market economy. It enjoys a remarkably open and corruption-free environment, stable prices, and a per capita GDP higher than that of most developed countries. Unemployment is very low. The economy depends heavily on exports, particularly of consumer electronics, information technology products, medical and optical devices, pharmaceuticals, and on its vibrant transportation, business, and financial services sectors.
The economy contracted 0.6% in 2009 as a result of the global financial crisis, but has continued to grow since 2010. Growth in 2014-17 was slower than during the previous decade, at under 3% annually, largely a result of soft demand for exports amid a sluggish global economy and weak growth in Singapore’s manufacturing sector.
The government is attempting to restructure Singapore’s economy by weaning its dependence on foreign labor, addressing weak productivity growth, and increasing Singaporean wages. Singapore has attracted major investments in advanced manufacturing, pharmaceuticals, and medical technology production and will continue efforts to strengthen its position as Southeast Asia's leading financial and technology hub. Singapore is a member of the Regional Comprehensive Economic Partnership negotiations with the nine other ASEAN members plus Australia, China, India, Japan, South Korea, and New Zealand. In 2015, Singapore formed, with the other ASEAN members, the ASEAN Economic Community.
|
Source
: CIA |
EXECUTIVE SUMMARY |
|
REGISTRATION NO. |
: |
200702113R |
||||
|
COMPANY NAME |
: |
VALENCY INTERNATIONAL TRADING PTE. LTD. |
||||
|
FORMER NAME |
: |
N/A |
||||
|
INCORPORATION DATE |
: |
06/02/2007 |
||||
|
COMPANY STATUS |
: |
EXIST |
||||
|
LEGAL FORM |
: |
EXEMPT PRIVATE (LIMITED BY SHARE) |
||||
|
LISTED STATUS |
: |
NO |
||||
|
REGISTERED ADDRESS |
: |
10, ANSON ROAD, 17-23, INTERNATIONAL PLAZA, 079903, SINGAPORE. |
||||
|
BUSINESS ADDRESS |
: |
10, ANSON ROAD, 17-23, INTERNATIONAL PLAZA, 079903, SINGAPORE. |
||||
|
TEL.NO. |
: |
65-62236141 |
||||
|
FAX.NO. |
: |
65-62234252 |
||||
|
WEB SITE |
: |
WWW.VALENCYINTERNATIONAL.COM |
||||
|
CONTACT PERSON |
: |
PRAVEEN KUMAR JAIN ( MANAGING DIRECTOR ) |
||||
|
PRINCIPAL ACTIVITY |
: |
TRADING OF AGRO & CONSUMER GOODS, SULPHUR & FERTILIZERS,
STEEL & SCRAP, AND OTHERS. |
||||
|
ISSUED AND PAID UP CAPITAL |
: |
1,100,000.00 ORDINARY SHARE, OF A VALUE OF USD 11,000,000.00 |
||||
|
SALES |
: |
N/A |
||||
|
NET WORTH |
: |
N/A |
||||
|
STAFF STRENGTH |
: |
25 [2018] |
||||
|
||||||
|
LITIGATION |
: |
CLEAR |
||||
|
FINANCIAL CONDITION |
: |
N/A |
||||
|
PAYMENT |
: |
UNKNOWN |
||||
|
MANAGEMENT CAPABILITY |
: |
AVERAGE |
||||
|
COMMERCIAL RISK |
: |
MODERATE |
||||
|
CURRENCY EXPOSURE |
: |
MODERATE |
||||
|
GENERAL REPUTATION |
: |
SATISFACTORY |
||||
|
INDUSTRY OUTLOOK |
: |
AVERAGE GROWTH |
||||
HISTORY/ BACKGROUND |
The Subject is an exempt private
company whose shares are not held by any corporate body and has no more than 20
shareholders who are all natural persons. An exempt company is a type of
private limited company. A private limited company is a separate legal entity
from its shareholders. As a separate legal entity, the Subject is capable of
owning assets, entering into contracts, suing or be sued by other companies.
An exempt private company with an
annual turnover of ≤ SGD10 million, or total assets ≤ SGD10 million
or number of employees ≤ 50 (meet at least 2 criteria for immediate past
two financial years) are exempted from statutory auditing requirements. The Subject
is not required to have their accounts audited. However, the Subject will
prepare unaudited accounts for purposes of AGMs and filing with Registry Office
if it is unable to meet all its obligations as and when they fall due.
An exempt private company with an
annual turnover of more than SGD10 million, or total assets more than SGD10
million or number of employees more than 50 (meet at least 2 criteria for
immediate past two financial years) are required to file the audited financial.
The Subject is principally
engaged in the (as a / as an) trading of agro & consumer goods, sulphur
& fertilizers, steel & scrap, and others.
Share Capital History
|
Date |
Issue
& Paid Up Capital |
|
13/02/2018 |
USD 11,000,000.00 |
The major shareholder(s) of the Subject are shown as follows :
Current Shareholder(s) :
|
Name |
Address |
IC/PP/Loc
No |
Shareholding |
(%) |
|
PRAVEEN KUMAR JAIN + |
130, TANJONG RHU ROAD, 17-12, PEBBLE BAY, 436918, SINGAPORE. |
S2669189C |
748,000.00 |
68.00 |
|
PRADEEP MAHESHWARI |
187, TANJONG RHU ROAD, 14-07, SANCTUARY GREEN 436925 ,SINGAPORE |
S7761157F |
220,000.00 |
20.00 |
|
BASBA NAND BALODI |
10B, HOUGANG STREET 11, 05-38, THE MINTON 534078 ,SINGAPORE |
S2706601A |
132,000.00 |
12.00 |
|
--------------- |
------ |
|||
|
1,100,000.00 |
100.00 |
|||
|
============ |
===== |
+ Also Director
The Subject's interest in other companies
(Subsidiaries/Associates) are shown as follow :
Local
No |
Country |
Company |
Status |
(%) |
As At |
|
201526229H |
SINGAPORE |
VALENCY USHA INTERNATIONAL PTE. LTD. |
- |
50.00 |
11/01/2017 |
|
201114132E |
SINGAPORE |
VARDHMAN INVESTMENTS PTE. LTD. |
- |
90.00 |
13/02/2018 |
DIRECTORS |
DIRECTOR 1
|
Name Of Subject |
: |
SUNITA JAIN |
|
Address |
: |
130, TANJONG RHU ROAD, 17-12, PEBBLE BAY, 436918, SINGAPORE. |
|
IC / PP No |
: |
S2669190G |
|
Nationality |
: |
SINGAPOREAN |
|
Date of Appointment |
: |
25/09/2007 |
INTEREST CHECK
|
Interest in companies |
: |
see below |
|
Interest in business |
: |
none in our databank |
|
Former interest |
: |
none in our databank |
INTEREST IN COMPANY
|
No |
Local No |
Company |
Designation |
App Date |
Shareholding |
Profit/(loss) After Tax |
Financial Year |
Status |
As At |
|
|
No. |
% |
|||||||||
|
1 |
200702113R |
VALENCY INTERNATIONAL TRADING PTE. LTD. |
Director |
25/09/2007 |
0.00 |
- |
USD8,390,003.00 |
2012 |
- |
13/02/2018 |
DIRECTOR 2
|
Name Of Subject |
: |
AJAIB HARI DASS |
|
Address |
: |
17, JALAN INSAF, THOMSON RISE ESTATE, 578013, SINGAPORE. |
|
Other Address(es) |
: |
30, HILL STREET, 05-04, 179360, SINGAPORE. |
|
IC / PP No |
: |
S0889104D |
|
Nationality |
: |
SINGAPOREAN |
|
Date of Appointment |
: |
29/05/2007 |
INTEREST CHECK
|
Interest in companies |
: |
see below |
|
Interest in business |
: |
none in our databank |
|
Former interest |
: |
none in our databank |
INTEREST IN COMPANY
|
No |
Local No |
Company |
Designation |
App Date |
Shareholding |
Profit/(loss) After Tax |
Financial Year |
Status |
As At |
|
|
No. |
% |
|||||||||
|
1 |
200414910Z |
JALDHI OVERSEAS PTE. LTD. |
Director |
18/11/2004 |
0.00 |
- |
USD1,743,593.00 |
2015 |
- |
15/12/2016 |
|
2 |
199802418D |
SEMBCORP INDUSTRIES LTD |
Director |
01/05/2014 |
0.00 |
- |
SGD437,154,000.00 |
2016 |
- |
12/02/2018 |
|
3 |
196300098Z |
SEMBCORP MARINE LTD |
Director |
31/10/2003 |
0.00 |
- |
SGD75,160,000.00 |
2016 |
- |
10/04/2017 |
|
4 |
200702113R |
VALENCY INTERNATIONAL TRADING PTE. LTD. |
Director |
29/05/2007 |
0.00 |
- |
USD8,390,003.00 |
2012 |
- |
13/02/2018 |
DIRECTOR 3
|
Name Of Subject |
: |
PRAVEEN KUMAR JAIN |
|
Address |
: |
130, TANJONG RHU ROAD, 17-12, PEBBLE BAY, 436918, SINGAPORE. |
|
IC / PP No |
: |
S2669189C |
|
Nationality |
: |
SINGAPOREAN |
|
Date of Appointment |
: |
25/05/2007 |
INTEREST CHECK
|
Interest in companies |
: |
see below |
|
Interest in business |
: |
none in our databank |
|
Former interest |
: |
none in our databank |
INTEREST IN COMPANY
|
No |
Local No |
Company |
Designation |
App Date |
Shareholding |
Profit/(loss) After Tax |
Financial Year |
Status |
As At |
|
|
No. |
% |
|||||||||
|
1 |
200702113R |
VALENCY INTERNATIONAL TRADING PTE. LTD. |
Director |
25/05/2007 |
748,000.00 |
68.00 |
USD8,390,003.00 |
2012 |
- |
13/02/2018 |
MANAGEMENT |
|
1) |
Name of Subject |
: |
PRAVEEN KUMAR JAIN |
|
Position |
: |
MANAGING DIRECTOR |
AUDITOR |
|
Auditor |
: |
STAMFORD ASSOCIATES LLP |
|
Auditor' Address |
: |
N/A |
COMPANY SECRETARIES |
|
1) |
Company Secretary |
: |
KOH HUI LIAK |
|
IC / PP No |
: |
S0059247A |
|
|
Address |
: |
1, NORTH BRIDGE ROAD, 19-09, HIGH STREET CENTRE, 179094,
SINGAPORE. |
|
BANKING |
Banking relations are maintained principally with :
|
1) |
Name |
: |
BANK OF BARODA |
|
2) |
Name |
: |
BANK OF INDIA |
|
3) |
Name |
: |
HABIB BANK LTD |
|
4) |
Name |
: |
INDIAN BANK |
|
5) |
Name |
: |
OVERSEA-CHINESE BANKING CORPORATION LTD |
|
6) |
Name |
: |
RAIFFEISEN ZENTRALBANK OESTERREICH AKTIENGESELLSCHAFT |
|
7) |
Name |
: |
THE HONGKONG AND SHANGHAI BANKING CORPORATION LTD |
|
8) |
Name |
: |
UCO BANK |
|
9) |
Name |
: |
UNITED OVERSEAS BANK LTD |
|
10) |
Name |
: |
SOCIETE GENERALE |
|
11) |
Name |
: |
STANDARD CHARTERED BANK |
|
12) |
Name |
: |
THE HONGKONG AND SHANGHAI BANKING CORPORATION LIMITED |
|
13) |
Name |
: |
HABIB BANK LIMITED |
|
14) |
Name |
: |
OVERSEA-CHINESE BANKING CORPORATION LIMITED |
|
15) |
Name |
: |
UNITED OVERSEAS BANK LIMITED |
ENCUMBRANCE (S) |
|
Charge No |
Creation Date |
Charge Description |
Chargee Name |
Total Charge |
Status |
|
NULL |
- |
N/A |
RESPONSABILITY MANAGEMENT COMPANY S.A. |
- |
Unsatisfied |
|
C200705104 |
03/07/2007 |
N/A |
INDIAN BANK |
- |
Unsatisfied |
|
C200709160 |
26/10/2007 |
N/A |
STANDARD CHARTERED BANK |
- |
Unsatisfied |
|
C200709161 |
26/10/2007 |
N/A |
STANDARD CHARTERED BANK |
- |
Unsatisfied |
|
C200904685 |
29/07/2009 |
N/A |
UCO BANK |
- |
Unsatisfied |
|
C200904870 |
07/08/2009 |
N/A |
OVERSEA-CHINESE BANKING CORPORATION LIMITED |
- |
Unsatisfied |
|
C200904872 |
07/08/2009 |
N/A |
OVERSEA-CHINESE BANKING CORPORATION LIMITED |
- |
Unsatisfied |
|
C200905048 |
17/08/2009 |
N/A |
INDIAN BANK |
- |
Unsatisfied |
|
C200907736 |
25/11/2009 |
N/A |
INDIAN BANK |
- |
Unsatisfied |
|
C201002633 |
29/03/2010 |
N/A |
INDIAN BANK |
- |
Unsatisfied |
|
C201006029 |
15/07/2010 |
N/A |
BANK OF BARODA |
- |
Unsatisfied |
|
C201103495 |
21/03/2011 |
N/A |
UNITED OVERSEAS BANK LIMITED |
- |
Unsatisfied |
|
C201210599 |
18/09/2012 |
N/A |
BANK OF BARODA |
- |
Unsatisfied |
|
C201212892 |
08/11/2012 |
N/A |
INDIAN BANK |
- |
Unsatisfied |
|
C201302495 |
13/02/2013 |
N/A |
SOCIETE GENERALE |
- |
Unsatisfied |
|
C201302496 |
13/02/2013 |
N/A |
SOCIETE GENERALE |
- |
Unsatisfied |
|
C201304842 |
08/04/2013 |
N/A |
THE HONGKONG AND SHANGHAI BANKING CORPORATION LIMITED |
- |
Unsatisfied |
|
C201304847 |
08/04/2013 |
N/A |
THE HONGKONG AND SHANGHAI BANKING CORPORATION LIMITED |
- |
Unsatisfied |
|
C201315416 |
16/11/2013 |
N/A |
INDIAN BANK |
- |
Unsatisfied |
|
C201404757 |
14/05/2014 |
N/A |
STANDARD CHARTERED BANK |
- |
Unsatisfied |
|
C201509519 |
24/08/2015 |
N/A |
STANDARD CHARTERED BANK |
- |
Unsatisfied |
|
C201609600 |
22/09/2016 |
N/A |
UNITED OVERSEAS BANK LIMITED |
- |
Unsatisfied |
|
C201611468 |
14/11/2016 |
N/A |
UCO BANK |
- |
Unsatisfied |
|
C201704579 |
12/05/2017 |
N/A |
LH ASIAN TFF PTE. LTD. |
- |
Unsatisfied |
|
C201705047 |
29/05/2017 |
N/A |
INDIAN BANK |
USD 410,000.00 |
Unsatisfied |
|
C201711513 |
08/11/2017 |
N/A |
RESPONSABILITY FAIR AGRICULTURE FUND C/O CREDIT SUISSE FUNDS AG,
ZURICH |
- |
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.
PAYMENT RECORD |
|
||
|
SOURCES OF RAW MATERIALS: |
||
|
Local |
: |
YES |
|
Overseas |
: |
YES |
CLIENTELE |
|
Local |
: |
YES |
|||
|
Domestic Markets |
: |
SINGAPORE |
|||
|
Overseas |
: |
YES |
|||
|
Export Market |
: |
WORLDWIDE |
|||
|
Credit Term |
: |
AS AGREED |
|||
|
Payment Mode |
: |
CHEQUES |
|||
OPERATIONS |
|
Goods Traded |
: |
|
|
|
Total Number of Employees: |
|
||||||||
|
YEAR |
2018 |
2017 |
2016 |
2015 |
2014 |
||||
|
|
|||||||||
|
GROUP |
N/A |
N/A |
N/A |
N/A |
N/A |
||||
|
COMPANY |
25 |
25 |
25 |
25 |
20 |
||||
|
Branch |
: |
|
Other Information:
The Subject is principally engaged in the (as a / as an) trading of agro &
consumer goods, sulphur & fertilizers, steel & scrap, and others..
The Subject is a premier global commodity trading house having wide network in
various continents.
The Subject has been trading in diversified portfolio of products such as Steel
and Steel Scrap, Iron Ore, Fertilizers, Raw Cashew Nuts and Kernels, Timber,
Chemicals and Agro products.
Its procurement teams are empowered by the strong presence on the ground at
procurement centers and are aided by a dedicated team specializing in providing
the best quality products. On the other hand, its marketing team is empowered
by our presence at distribution centers and specializes in providing the best
value to customers.
CURRENT INVESTIGATION |
Latest fresh investigations carried out on the Subject indicated
that :
|
Telephone Number Provided By Client |
: |
N/A |
|
Current Telephone Number |
: |
65-62236141 |
|
Match |
: |
N/A |
|
Address Provided by Client |
: |
10 ANSON ROAD 17-23 INTERNATIONAL PLAZA, 079903 SINGAPORE |
|
Current Address |
: |
10, ANSON ROAD, 17-23, INTERNATIONAL PLAZA, 079903, SINGAPORE. |
|
Match |
: |
YES |
Other Investigations
We contacted one of the staff from the
Subject and she provided some information.
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 : |
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 |
|
|
FINANCIALs
|
PROFIT
AND LOSS ACCOUNT |
|
THE FINANCIAL STATEMENTS WERE PREPARED IN ACCORDANCE WITH
SINGAPORE FINANCIAL REPORTING STANDARDS. |
|
VALENCY INTERNATIONAL TRADING 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 |
2012-03-31 |
2011-03-31 |
2010-03-31 |
2009-03-31 |
|
Months |
12 |
12 |
12 |
12 |
|
Consolidated Account |
GROUP |
Company |
Company |
Company |
|
Audited Account |
YES |
YES |
YES |
YES |
|
Unqualified Auditor's Report (Clean Opinion) |
YES |
YES |
YES |
YES |
|
Financial Type |
FULL |
FULL |
FULL |
FULL |
|
Currency |
USD |
USD |
USD |
USD |
|
TURNOVER |
441,500,048 |
264,591,097 |
129,029,973 |
108,928,727 |
|
Other Income |
275,895 |
4,343,035 |
76,571 |
106,341 |
|
---------------- |
---------------- |
---------------- |
---------------- |
|
|
Total Turnover |
441,775,943 |
268,934,132 |
129,106,544 |
109,035,068 |
|
Costs of Goods Sold |
(425,292,234) |
(256,727,372) |
(124,300,899) |
(104,546,204) |
|
---------------- |
---------------- |
---------------- |
---------------- |
|
|
Gross Profit |
16,483,709 |
12,206,760 |
4,805,645 |
4,488,864 |
|
---------------- |
---------------- |
---------------- |
---------------- |
|
|
PROFIT/(LOSS) FROM OPERATIONS |
9,341,535 |
7,846,203 |
1,824,179 |
1,705,012 |
|
---------------- |
---------------- |
---------------- |
---------------- |
|
|
PROFIT/(LOSS) BEFORE TAXATION |
9,341,535 |
7,846,203 |
1,824,179 |
1,705,012 |
|
Taxation |
(951,532) |
(789,523) |
(182,187) |
(177,747) |
|
---------------- |
---------------- |
---------------- |
---------------- |
|
|
PROFIT/(LOSS) AFTER TAXATION |
8,390,003 |
7,056,680 |
1,641,992 |
1,527,265 |
|
Minority interests |
(3,340) |
- |
- |
- |
|
---------------- |
---------------- |
---------------- |
---------------- |
|
|
PROFIT/(LOSS) BEFORE EXTRAORDINARY ITEMS |
8,386,663 |
7,056,680 |
1,641,992 |
1,527,265 |
|
---------------- |
---------------- |
---------------- |
---------------- |
|
|
PROFIT/(LOSS) ATTRIBUTABLE TO SHAREHOLDERS |
8,386,663 |
7,056,680 |
1,641,992 |
1,527,265 |
|
RETAINED PROFIT/(LOSS) BROUGHT FORWARD |
||||
|
As previously reported |
11,036,649 |
3,985,894 |
2,343,902 |
757,878 |
|
Prior year adjustment |
- |
(5,925) |
- |
58,759 |
|
---------------- |
---------------- |
---------------- |
---------------- |
|
|
As restated |
11,036,649 |
3,979,969 |
2,343,902 |
816,637 |
|
---------------- |
---------------- |
---------------- |
---------------- |
|
|
PROFIT AVAILABLE FOR APPROPRIATIONS |
19,423,312 |
11,036,649 |
3,985,894 |
2,343,902 |
|
TRANSFER TO RESERVES - General |
(2,500,000) |
- |
- |
- |
|
---------------- |
---------------- |
---------------- |
---------------- |
|
|
RETAINED PROFIT/(LOSS) CARRIED FORWARD |
16,923,312 |
11,036,649 |
3,985,894 |
2,343,902 |
|
============= |
============= |
============= |
============= |
|
|
INTEREST EXPENSE (as per notes to P&L) |
||||
|
Others |
4,589,701 |
2,574,621 |
1,544,047 |
1,481,428 |
|
---------------- |
---------------- |
---------------- |
---------------- |
|
|
4,589,701 |
2,574,621 |
1,544,047 |
1,481,428 |
|
|
============= |
============= |
============= |
============= |
|
|
DEPRECIATION (as per notes to P&L) |
226,294 |
87,712 |
54,442 |
38,856 |
|
---------------- |
---------------- |
---------------- |
---------------- |
|
|
Total Amortization And Depreciation |
226,294 |
87,712 |
54,442 |
38,856 |
|
============= |
============= |
============= |
============= |
|
|
|
|
|
|
|
|
BALANCE
SHEET |
|
VALENCY INTERNATIONAL TRADING PTE. LTD. |
|
ASSETS EMPLOYED: |
||||
|
FIXED ASSETS |
2,761,707 |
2,875,505 |
46,194 |
71,349 |
|
LONG TERM INVESTMENTS/OTHER ASSETS |
||||
|
Investment properties |
1,445,148 |
- |
- |
- |
|
Deferred assets |
133 |
521 |
- |
- |
|
---------------- |
---------------- |
---------------- |
---------------- |
|
|
TOTAL LONG TERM INVESTMENTS/OTHER ASSETS |
1,445,281 |
521 |
- |
- |
|
---------------- |
---------------- |
---------------- |
---------------- |
|
|
TOTAL LONG TERM ASSETS |
4,206,988 |
2,876,026 |
46,194 |
71,349 |
|
CURRENT ASSETS |
||||
|
Stocks |
122,175 |
- |
- |
- |
|
Trade debtors |
52,361,391 |
23,470,059 |
16,076,961 |
8,537,169 |
|
Other debtors, deposits & prepayments |
50,009,522 |
32,643,989 |
6,277,679 |
2,456,112 |
|
Short term deposits |
7,246,761 |
4,029,816 |
3,194,153 |
1,056,263 |
|
Cash & bank balances |
1,854,825 |
546,465 |
837,781 |
505,334 |
|
---------------- |
---------------- |
---------------- |
---------------- |
|
|
TOTAL CURRENT ASSETS |
111,594,674 |
60,690,329 |
26,386,574 |
12,554,878 |
|
---------------- |
---------------- |
---------------- |
---------------- |
|
|
TOTAL ASSET |
115,801,662 |
63,566,355 |
26,432,768 |
12,626,227 |
|
============= |
============= |
============= |
============= |
|
|
CURRENT LIABILITIES |
||||
|
Trade creditors |
2,869,914 |
1,236,946 |
4,692,003 |
272,545 |
|
Other creditors & accruals |
1,486,695 |
23,278,755 |
410,412 |
107,003 |
|
Hire purchase & lease creditors |
54,465 |
46,018 |
11,635 |
10,704 |
|
Bank overdraft |
105,285 |
70,293 |
2,014 |
184,233 |
|
Short term borrowings/Term loans |
829,957 |
777,416 |
679,963 |
464,820 |
|
Other borrowings |
10,256,836 |
494,264 |
- |
- |
|
Bill & acceptances payable |
71,373,450 |
16,731,765 |
9,677,548 |
3,165,810 |
|
Amounts owing to director |
100,768 |
100,768 |
325,050 |
1,815,338 |
|
Provision for taxation |
951,144 |
800,506 |
197,229 |
171,419 |
|
Other liabilities |
- |
1,261,889 |
644,942 |
504,787 |
|
---------------- |
---------------- |
---------------- |
---------------- |
|
|
TOTAL CURRENT LIABILITIES |
88,028,514 |
44,798,620 |
16,640,796 |
6,696,659 |
|
---------------- |
---------------- |
---------------- |
---------------- |
|
|
NET CURRENT ASSETS/(LIABILITIES) |
23,566,160 |
15,891,709 |
9,745,778 |
5,858,219 |
|
---------------- |
---------------- |
---------------- |
---------------- |
|
|
LONG TERM LIABILITIES |
||||
|
Long term loans |
2,977,069 |
2,385,005 |
722,950 |
- |
|
Hire purchase creditors |
369,418 |
346,081 |
74,593 |
79,338 |
|
Deferred taxation |
- |
- |
8,535 |
6,328 |
|
---------------- |
---------------- |
---------------- |
---------------- |
|
|
TOTAL LONG TERM LIABILITIES |
3,346,487 |
2,731,086 |
806,078 |
85,666 |
|
---------------- |
---------------- |
---------------- |
---------------- |
|
|
TOTAL NET ASSETS |
24,426,661 |
16,036,649 |
8,985,894 |
5,843,902 |
|
============= |
============= |
============= |
============= |
|
|
FINANCED BY: |
||||
|
SHARE CAPITAL |
||||
|
Ordinary share capital |
7,500,000 |
5,000,000 |
5,000,000 |
3,500,000 |
|
---------------- |
---------------- |
---------------- |
---------------- |
|
|
TOTAL SHARE CAPITAL |
7,500,000 |
5,000,000 |
5,000,000 |
3,500,000 |
|
RESERVES |
||||
|
Retained profit/(loss) carried forward |
16,923,312 |
11,036,649 |
3,985,894 |
2,343,902 |
|
Others |
3,349 |
- |
- |
- |
|
---------------- |
---------------- |
---------------- |
---------------- |
|
|
TOTAL RESERVES |
16,926,661 |
11,036,649 |
3,985,894 |
2,343,902 |
|
---------------- |
---------------- |
---------------- |
---------------- |
|
|
SHAREHOLDERS' FUNDS/EQUITY |
24,426,661 |
16,036,649 |
8,985,894 |
5,843,902 |
|
============= |
============= |
============= |
============= |
|
|
FINANCIAL RATIO |
|
VALENCY INTERNATIONAL TRADING PTE. LTD. |
|
TYPES OF FUNDS |
||||
|
Cash |
9,101,586 |
4,576,281 |
4,031,934 |
1,561,597 |
|
Net Liquid Funds |
(62,377,149) |
(12,225,777) |
(5,647,628) |
(1,788,446) |
|
Net Liquid Assets |
23,443,985 |
15,891,709 |
9,745,778 |
5,858,219 |
|
Net Current Assets/(Liabilities) |
23,566,160 |
15,891,709 |
9,745,778 |
5,858,219 |
|
Net Tangible Assets |
24,426,661 |
16,036,649 |
8,985,894 |
5,843,902 |
|
Net Monetary Assets |
20,097,498 |
13,160,623 |
8,939,700 |
5,772,553 |
|
PROFIT & LOSS ITEMS |
||||
|
Earnings Before Interest & Tax (EBIT) |
13,931,236 |
10,420,824 |
3,368,226 |
3,186,440 |
|
Earnings Before Interest, Taxes, Depreciation And Amortization
(EBITDA) |
14,157,530 |
10,508,536 |
3,422,668 |
3,225,296 |
|
BALANCE SHEET ITEMS |
||||
|
Total Borrowings |
85,966,480 |
20,850,842 |
11,168,703 |
3,904,905 |
|
Total Liabilities |
91,375,001 |
47,529,706 |
17,446,874 |
6,782,325 |
|
Total Assets |
115,801,662 |
63,566,355 |
26,432,768 |
12,626,227 |
|
Net Assets |
24,426,661 |
16,036,649 |
8,985,894 |
5,843,902 |
|
Net Assets Backing |
24,426,661 |
16,036,649 |
8,985,894 |
5,843,902 |
|
Shareholders' Funds |
24,426,661 |
16,036,649 |
8,985,894 |
5,843,902 |
|
Total Share Capital |
7,500,000 |
5,000,000 |
5,000,000 |
3,500,000 |
|
Total Reserves |
16,926,661 |
11,036,649 |
3,985,894 |
2,343,902 |
|
GROWTH RATIOS (Year on Year) (%) |
||||
|
Revenue |
66.86 |
105.06 |
18.45 |
- |
|
Proft/(Loss) Before Tax |
19.06 |
330.12 |
6.99 |
- |
|
Proft/(Loss) After Tax |
18.89 |
329.76 |
7.51 |
- |
|
Total Assets |
82.18 |
140.48 |
109.35 |
- |
|
Total Liabilities |
92.25 |
172.43 |
157.24 |
- |
|
LIQUIDITY (Times) |
||||
|
Cash Ratio |
0.10 |
0.10 |
0.24 |
0.23 |
|
Liquid Ratio |
1.27 |
1.35 |
1.59 |
1.87 |
|
Current Ratio |
1.27 |
1.35 |
1.59 |
1.87 |
|
WORKING CAPITAL CONTROL (Days) |
||||
|
Stock Ratio |
0 |
0 |
0 |
0 |
|
Debtors Ratio |
43 |
32 |
45 |
29 |
|
Creditors Ratio |
2 |
2 |
14 |
1 |
|
SOLVENCY RATIOS (Times) |
||||
|
Gearing Ratio |
3.52 |
1.30 |
1.24 |
0.67 |
|
Liabilities Ratio |
3.74 |
2.96 |
1.94 |
1.16 |
|
Times Interest Earned Ratio |
3.04 |
4.05 |
2.18 |
2.15 |
|
Assets Backing Ratio |
3.26 |
3.21 |
1.80 |
1.67 |
|
PERFORMANCE RATIO (%) |
||||
|
Operating Profit Margin |
2.12 |
2.97 |
1.41 |
1.57 |
|
Net Profit Margin |
1.90 |
2.67 |
1.27 |
1.40 |
|
Return On Net Assets |
57.03 |
64.98 |
37.48 |
54.53 |
|
Return On Capital Employed |
49.87 |
55.18 |
34.35 |
52.03 |
|
Return On Shareholders' Funds/Equity |
34.33 |
44.00 |
18.27 |
26.13 |
|
Dividend Pay Out Ratio (Times) |
0 |
0 |
0 |
0 |
|
NOTES TO ACCOUNTS |
||||
|
Contingent Liabilities |
0 |
0 |
0 |
0 |
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
INR 67.96 |
|
|
1 |
INR 91.88 |
|
Euro |
1 |
INR 80.28 |
|
SGD |
1 |
INR 50.73 |
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.