新加坡石油贸易商宣布破产

据4月20日Energy Voice报道，由于当前市场严峻形势，石油价格大幅下跌，世界上最神秘的实体燃料贸易公司Hin Leong有限公司受到严重影响。新加坡石油交易商Hin Leong创始人儿子表示，他隐瞒了在期货交易中造成的约8亿美元损失，这表明该公司的财务漏洞比想象的要大得多。

该公司持有的石油库存与向银行承诺的库存之间存在巨大缺口。这可能意味着，提供数十亿美元贷款作为担保的银行将蒙受巨额损失。

上周五，Lim家族的独资企业Hin Leong和远洋油轮都向法院申请了破产保护，前者因为难以偿还债务。

知情人士称，此前，Hin Leong公布了45.6亿美元的正资产净值和7800万美元的净利润。然而截至4月初，该公司总负债达到40.5亿美元，而资产仅为7.14亿美元，至少存在33.4亿美元的亏空。该公司石油产品库存价值仅为1.41亿美元，而在2019年10月的审计报表中，该公司宣布的石油产品库存价值为12.8亿美元。截至2020年4月，Hin Leong只有5000万美元现金流，而2019年10月达4.61亿美元。

邹勤 摘译自 Energy Voice

原文如下：

Singapore oil trader is said to have hidden $800million losses

The son of the legendary founder of Hin Leong said the Singapore oil trader hid about $800 million in losses racked up in futures trading, suggesting a much bigger hole in the company’s finances than thought, according to people with knowledge of the matter.

The downfall of Hin Leong Trading (Pte) Ltd., one of the biggest and most secretive forces in the world of physical fuel-oil trading, shows the depth of the fallout from the dramatic drop in oil prices so far this year as a consequence of the Saudi-Russia price war and the coronavirus pandemic.

As a result, the company faces a significant shortfall between the oil stocks it held and the inventories pledged to its banks. That potentially means huge losses for the banks which provided the merchant with billions in loans as the collateral they thought they have as a guarantee isn’t there.

Hin Leong and Ocean Tankers both filed for court protection from creditors on Friday as the former struggles to repay its debts. Both companies are solely owned by the Lim family.

Hin Leong posted a positive equity of $4.56 billion and net profit of $78 million in the period ended October 31, according to the people, who asked not to be identified as the matter is sensitive.

But Hin Leong told its creditors this month that total liabilities reached $4.05 billion as of early April, while assets were just $714 million, leaving a hole of at least $3.34 billion, according to screenshots of the presentation to a group of bankers seen by Bloomberg News.

The company told its creditors that it only had $141 million worth of oil products inventory, compared with the $1.28 billion it declared in its audited statement on October 2019. Hin Leong had only $50 million in cash as of April 2020, compared with $461 million in October 2019.