This archived issue is not backfilled with observations from a later screening run.
Issue 000 | U.S. Pilot | US
BANL
CBL International Ltd
Screen state: Passing
Source state: Verified
20-F | 2026-04-17
Filing currency: USD
Internal NCAV Discount
46.0%
GNNI internal NCAV discount calculation. Market context inputs are retained internally and are not displayed.
- Current Assets
- 75,126,848USD
- Total Liabilities
- 55,825,609USD
- NCAV
- 19,301,239USD
- Cash
- 9,325,274USD
- NCAV per share
- 0.97USD/share
- Evidence
- 4 annual | 3 quarterly
Mary filing review
Financial Statement Evidence
Deterministic observations from the frozen Mary Reason Card. They annotate filing evidence and do not determine screen inclusion.
Business Profile
Published only when a substantive filing-text profile has been prepared for this issue.
Not available for this issue.
A substantive filing-text profile was not prepared for this company. Financial statement evidence and filing links remain available above for direct inspection.
Known Unknowns
Only 3 quarterly periods available from Data Vault for this company.
Medium | Share Count
The current U.S. Pilot does not yet evaluate share-count trends or post-filing dilution beyond Mary's screening flags.
Low | Classification
U.S. Pilot rows are surfaced for source inspection and may still need manual business classification review.
Annual Financials
Latest annual periods, newest first. Missing cells render as n/a.
| Metric |
2025-12-31
20-F
USD
|
2024-12-31
20-F
USD
|
2023-12-31
20-F
USD
|
2022-12-31
20-F
USD
|
|---|---|---|---|---|
| Revenue | 538,489,831 | 592,517,545 | 435,897,718 | 462,906,257 |
| Operating Income | -2,433,232 | -3,327,590 | 1,661,827 | 4,760,343 |
| Net Income | -2,989,471 | -3,871,413 | 1,132,650 | 3,685,000 |
| Cash From Operations | 3,996,097 | -1,943,216 | -10,032,854 | 3,499,133 |
| Capex | -2,641 | -144,446 | -773,863 | -373,111 |
| Free Cash Flow | 3,993,456 | -2,087,662 | -10,806,717 | 3,126,022 |
| Cash And Equivalents | 9,325,274 | 8,020,871 | 7,402,890 | 5,032,890 |
| Accounts Receivable | 39,017,369 | 36,679,605 | 25,125,851 | 18,446,176 |
| Inventory | n/a | n/a | n/a | n/a |
| Total Current Assets | 75,126,848 | 68,339,912 | 52,126,915 | 23,732,845 |
| Total Assets | 75,714,434 | 69,291,809 | 53,461,908 | 25,597,013 |
| Total Current Liabilities | 55,755,071 | 46,489,716 | 27,974,389 | 13,255,752 |
| Total Liabilities | 55,825,609 | 46,525,076 | 28,168,762 | 13,484,828 |
| Shareholders Equity | 19,888,825 | 22,908,668 | 25,299,675 | 12,112,185 |
| Shares Outstanding | 27,500,327 | 27,500,000 | 25,000,000 | 21,250,000 |
| Shares Outstanding Diluted | n/a | n/a | n/a | n/a |
| Weighted Avg Shares Diluted | 27,500,327 | 27,500,000 | 25,000,000 | 21,250,000 |
| Weighted Avg Shares Basic | 27,500,327 | 27,500,000 | 25,000,000 | 21,250,000 |
| Net Share Count Change (Normalized) | Insufficient evidence | Insufficient evidence | Insufficient evidence | Insufficient evidence |
| Ownership Claim Change (Normalized) | Insufficient evidence | Insufficient evidence | Insufficient evidence | Insufficient evidence |
Quarterly Financials
Latest quarterly periods, newest first. Periods are shown only when Data Vault has them.
Only 3 quarterly periods available from Data Vault for this company.
| Metric |
2023-06-30
6-K
USD
|
2022-12-31
6-K
USD
|
2022-06-30
6-K
USD
|
|---|---|---|---|
| Revenue | 191,955,811 | 462,906,257 | 235,696,705 |
| Operating Income | 1,494,747 | 4,760,343 | 1,547,106 |
| Net Income | 1,153,445 | 3,685,000 | 1,088,896 |
| Cash From Operations | -7,236,872 | 3,499,133 | 759,089 |
| Capex | -541,750 | -373,111 | -7,909 |
| Free Cash Flow | -7,778,622 | 3,126,022 | 751,180 |
| Cash And Equivalents | 10,430,980 | 5,032,890 | n/a |
| Total Current Assets | 52,648,962 | 23,732,845 | n/a |
| Total Liabilities | 28,474,116 | 13,484,828 | n/a |
| Shares Outstanding | 25,000,000 | 21,250,000 | n/a |
| Shares Outstanding Diluted | n/a | n/a | n/a |
| Weighted Avg Shares Diluted | 25,000,000 | 21,250,000 | 21,250,000 |
| Weighted Avg Shares Basic | 25,000,000 | 21,250,000 | 21,250,000 |
| Net Share Count Change (Normalized) | Insufficient evidence | Insufficient evidence | Insufficient evidence |
| Ownership Claim Change (Normalized) | Insufficient evidence | Insufficient evidence | Insufficient evidence |
Audit Trail
NCAV Audit
Official-source inputs remain linked to filing provenance. Derived values are labeled as such.
| Input | Value | Source concept | Filing period | Confidence | Provenance |
|---|---|---|---|---|---|
| Current Assets | 52,648,962USD | us-gaap:AssetsCurrent | 2023-06-30 | 1.00 |
Data Vault | sec/companyfacts/cik=0001914805/companyfacts.json Data Vault | sec/companyfacts/cik=0001914805/companyfacts.json |
| Total Liabilities | 28,474,116USD | us-gaap:Liabilities | 2023-06-30 | 1.00 |
Data Vault | sec/companyfacts/cik=0001914805/companyfacts.json Data Vault | sec/companyfacts/cik=0001914805/companyfacts.json |
| Cash | 10,430,980USD | us-gaap:CashAndCashEquivalentsAtCarryingValue | 2023-06-30 | 1.00 |
Data Vault | sec/companyfacts/cik=0001914805/companyfacts.json Data Vault | sec/companyfacts/cik=0001914805/companyfacts.json |
| Shares Outstanding | 25,000,000 | us-gaap:CommonStockSharesOutstanding | 2023-06-30 | 1.00 |
Data Vault | sec/companyfacts/cik=0001914805/companyfacts.json Data Vault | sec/companyfacts/cik=0001914805/companyfacts.json |
| NCAV | 24,174,846USD | derived | 2023-06-30 | n/a | company-evidence-v1 | total_current_assets - total_liabilities |
| NCAV per share | 0.97USD | derived | 2023-06-30 | n/a | company-evidence-v1 | NCAV / shares_outstanding |
| Internal NCAV Discount | 46.0% | derived | 2023-06-30 | n/a | gnni_publication_pack | internal_discount |
NCAV = total_current_assets - total_liabilities | NCAV per share = NCAV / shares_outstanding
Source Provenance
- Data Source
- Data Vault
- Data Vault Root
- Local evidence | The Data Vault
- CIK
- 0001914805
- Company ID
- n/a
- Selected Annual Source
- Data Vault | sec/companyfacts/cik=0001914805/companyfacts.json
- Selected Quarterly Source
- Data Vault | sec/companyfacts/cik=0001914805/companyfacts.json
- Statement Extractor
- companyfacts-screener-v1
- View Extractor
- companyfacts-screener-v1
- Source Accession Count
- 5
- Imported At
- 2026-07-18T12:27:39+00:00
- Rendered At
- 2026-08-16T03:29:34+00:00
Run Audit
- Mary Run
- 1ec055d81d1a42a39490a83bb9e1f22f
- Mary As Of
- 2026-07-03
- Accession
- 0001493152-26-017832
- CIK
- 0001914805
- Mary Filing Date
- 2026-04-17
- Filing Currency
- USD
- Internal Discount
- 46.0%
- Source State
- Verified
- Market Context
- Not Displayed
- Market Policy
- internal_only_not_redistributed
- Share Trend
- Not Evaluated
- Dilution
- Needs Review
mary_run=1ec055d81d1a42a39490a83bb9e1f22f; mary_as_of=2026-07-03; mary_filing_date=2026-04-17; mary_accession=0001493152-26-017832; mary_cik=0001914805; gnni_supporting_filing_date=2026-04-17; internal_discount=0.460002; mary_reason=Mary's deterministic net-net screen flagged this candidate. The internal discount is shown; raw market-data fields are not published in this pilot.