MIRA
INFORM REPORT
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Report Date : |
31.07.2008 |
IDENTIFICATION
DETAILS
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Name : |
3D NETWORKS PTE
LTD |
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Formerly Known As : |
PLANET NETWORKS PTE LTD |
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Registered Office : |
151 Lorong Chuan #03-05 New Tech Park 556741 |
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Country : |
Singapore |
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Financials (as on) : |
31.03.2006 |
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Date of Incorporation : |
15.12.1999 |
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Com. Reg. No.: |
199907933M |
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Legal Form : |
Pte Ltd |
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Line of Business : |
Provision
of Equipment, Services Maintenance and Support for the Establishment or
Integration of Voice or Data Communication Equipment, Products or Systems |
RATING &
COMMENTS
|
MIRA’s Rating : |
Ba |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
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Status : |
Satisfactory |
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Payment Behaviour : |
Regular |
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Litigation : |
Clear |
Subject Company
3D NETWORKS PTE
LTD
Line Of Business
PROVISION
OF EQUIPMENT, SERVICES MAINTENANCE AND SUPPORT FOR THE
ESTABLISHMENT
OR INTEGRATION OF VOICE OR DATA COMMUNICATION
EQUIPMENT,
PRODUCTS OR SYSTEMS.
Parent Company
3D NETWORKS
INTERNATIONAL PTE LTD
(PERCENTAGE OF
SHAREHOLDING: 100.00%)
Financial Elements
FY 2006
COMPANY
Sales :
S$65,395,080
Networth :
S$ 1,259,229
Paid-Up Capital : S$ 8,951,002
Net result :
S$ - 372,575
Net Margin(%) :
- 0.57
Return on
Equity(%) : - 29.59
Leverage
Ratio :
25.85
COMPANY IDENTIFICATION
Subject
Company :
3D NETWORKS PTE LTD
Former
Name : PLANET NETWORKS PTE LTD
Business
Address :
151 LORONG CHUAN
#03-05
NEW
TECH PARK
Town : SINGAPORE
Postcode : 556741
County :
Country : Singapore
Telephone : 6723 6888
Fax : 6382 0030
ROC
Number : 199907933M
Reg.
Town :
PREVIOUS IDENTIFICATION
PLANET
NETWORKS PTE LTD DATE OF
CHANGE: 21/02/2000
SUMMARY
All
amounts in this report are in : SGD
Legal Form : Pte Ltd
Date Inc. :
15/12/1999
Previous Legal Form : -
Summary year :
31/03/2006
Sales : 65,395,080
Networth : 1,259,229
Capital :
-
Paid-Up Capital : 8,951,002
Employees : 100
Net result : -372,575
Share value : -
Auditor :
C.S. CHAN & CO
BASE
ON ACRA'S RECORD
NO. OF SHARE CURRENCY AMOUNT
ISSUED
ORDINARY 28,126,108 SGD 28,126,108
PAID-UP
ORDINARY 28,126,108 SGD 28,126,108
REFERENCES
Litigation : No
Company
status : TRADING
Started
:
15/12/1999
PRINCIPAL(S)
JAMES
METHODIUS S/O CYRIL METHODIS
S0680660J Director
DIRECTOR(S)
JAMES
METHODIUS S/O CYRIL METHODIS S0680660J
Director
Appointed
on : 16/11/2006
Street
: 132 GRANGE ROAD
Town: SINGAPORE
Postcode: 249606
Country: Singapore
MAYA
DEVI D/O S. RENGANATHAN
S1248652I Company Secretary
Appointed
on : 11/06/2006
Street
: 465 CHOA CHU KANG AVENUE
4
#10-11
Town: SINGAPORE
Postcode: 680465
Country: Singapore
SURESH
CHANDRA SENAPATY
Z1331764 Director
Appointed
on : 16/11/2006
Street
: 301 BRIGADE LAVELLE
LAVELLE ROAD
Town: BANGALORE
Postcode: 560001
Country: India
SURESH
CHOITHRAM VASWANI
Z1333750 Director
Appointed
on : 16/11/2006
Street
: 2209 1ST FLOOR AGRANI 3RD
'A' MAIN MEEHCS LAYOUT
SAHAKAR NAGAR KOPIGEHALLI
Town: BANGALORE
Postcode:
Country: India
FORMER DIRECTOR(S)
YOON
MUN CHIEW 541231-04-
KWAN
HON KAY @ LAWRENCE KWAN S0283956C
CHAN
CHEE KHEONG S1163426E
LYE
KENG YONG PETER
S1693782G
ACTIVITY(IES)
DATA
COMMUNICATION SERVICE Code:6190
BASE
ON ACRA'S RECORD
1)
DATE COMMUNICATIONS SERVICES; SELLING VOICE/DATA COMMUNICATION
EQUIPMENT
AND SERVICES
CHARGES
No Charges On Premises/Property In Our Database
PREMISES/PROPERTY INFORMATIONS
No Premises/Property Information In Our Databases
SHAREHOLDERS(S)
WIPRO
LIMITED
28,126,108 Company
Street
: DODDAKANNELLI SARJAPUR
ROAD
Town: BANGALORE
Postcode: 560035
Country: India
FORMER SHAREHOLDER(S)
3D
NETWORKS INTERNATIONAL PTE LTD
8,951,002
HOLDING COMPANY
3D
NETWORKS INTERNATIONAL PTE LTD
199908089G % : 100
SUBSIDIARY(IES)
No Participation
In Our Database
PAYMENT HISTORY AND EXPERIENCES
Trade
Morality :
AVERAGE
Liquidity
: LACKING
Payments
: REGULAR
Trend
:
LEVEL
Financial
Situation : AVERAGE
FINANCIAL ELEMENTS
All amounts in this
report are in : SGD
Audit Qualification: UNQUALIFIED (CLEAN) UNQUALIFIED (CLEAN) Date
Account Lodged:
30/07/2007
Balance Sheet
Date: 31/03/2006 31/03/2005
Number of
weeks: 52 52
Consolidation
Code: COMPANY COMPANY
--- ASSETS ---
Preliminary
Exp 60,075
Intangible Fixed
Assets: 51,114 62,682
Tangible Fixed Assets: 1,497,697 1,486,495
Total Fixed
Assets: 1,608,886 1,549,177
Inventories: 3,541,778 3,017,584
Receivables: 15,164,617 9,545,371
Cash, Banks,
Securitis: 3,524,564 2,722,786
Other current
assets: 8,650,098 8,134,819
Total
Current Assets:
30,881,057
23,420,560
TOTAL
ASSETS:
32,489,943
24,969,737
--- LIABILITIES ---
Equity
capital:
8,951,002
8,951,002
Reserves: 16,695 115,307
Profit &
lost Account: -7,708,468 -7,335,893
Total
Equity:
1,259,229
1,730,416
Trade
Creditors:
17,247,734
10,825,678
Prepay. & Def.
charges: 1,724,899 1,255,006
Due to Bank: 3,829,936 3,965,414
Provisions: 148,427 103,864
Other Short term
Liab.: 8,279,718 7,089,359
Total
short term Liab.:
31,230,714
23,239,321
TOTAL
LIABILITIES:
31,230,714 23,239,321
--- PROFIT & LOSS ACCOUNT ---
Net Sales 65,395,080 47,101,201
Result of ordinary
operations 275,921 865,327
NET RESULT BEFORE
TAX: 80,028 699,134
Tax :
452,603
126,484
Net income/loss
year: -372,575 572,650
Interest Paid: 195,893 166,193
Depreciation: 534,780 519,721
Directors
Emoluments: 153,489
Wages and
Salaries:
7,624,762
5,664,301
Financial
Income:
27,053
92,577
RATIOS
31/03/2006 31/03/2005 Turnover per employee: 653950.80 471012.01 Net result / Turnover(%): -0.01 0.01 Fin. Charges / Turnover(%): 0.00 0.00 Stock / Turnover(%): 0.05 0.06 Net Margin(%): -0.57 1.22 Return on Equity(%):
-29.59
33.09 Return on Assets(%): -1.15 2.29 Net Working capital:
-349657.00
181239.00 Cash Ratio: 0.11 0.12 Quick Ratio:
0.60
0.53 Current ratio: 0.99 1.01 Receivables Turnover:
83.48
72.96 Leverage Ratio: 25.85 13.93
Net Margin :
(100*Net income loss year)/Net sales
Return on
Equity : (100*Net income loss year)/Total
equity
Return on
Assets : (100*Net income loss
year)/Total fixed assets
Net Working
capital
: (Total current assets/Total short term liabilities)/1000
Cash Ratio :
Cash Bank securities/Total short term liabilities
Quick Ratio :
(Cash Bank securities+Receivables)/Total Short term liabilities
Current ratio :
Total current assets/Total short term liabilities
Inventory
Turnover : (360*Inventories)/Net
sales
Receivables
Turnover: :
(Receivable*360)/Net sales
Leverage
Ratio : Total liabilities/(Total
equity-Intangible assets)
FINANCIAL COMMENTS
THE FINANCIAL
CONDITION OF THE COMPANY WAS SEEN TO BE FAIR IN VIEW OF THE
FOLLOWING:
NET
WORTH:
THE BALANCE SHEET WAS CONSIDERED PASSABLE ALTHOUGH NET WORTH DROPPED BY 27.23% TO S$1,259,229 (2005: S$1,730,416). THIS WAS ATTRIBUTED TO A RISE IN ACCUMULATED LOSSES BY 5.08% TO S$7,708,468 IN 2006 FROM S$-7,335,893 IN 2005.
LEVERAGE:
IN THE SHORT-TERM, SUBJECT WAS LARGELY FINANCED BY TRADE CREDITORS WHICH MADE UP 55.23% (2005: 46.58%) OF THE TOTAL CURRENT LIABILITIES AND AMOUNTED TO S$17,247,734 (2005: S$10,825,678). TRADE CREDITORS CONSISTED OF THE FOLLOWING:
* TRADE CREDITORS - 2006: S$15,851,717 (2005: S$10,283,683)
* BILLS PAYABLE - 2006: S$1,109,383 (2005: S$541,995)
* ASSIGNMENT OF CONTRACTS - 2006: S$286,634 (2005: NIL)
IN ALL, LEVERAGE RATIO ROSE FROM 13.93 TIMES IN 2005 TO 25.85 TIMES IN 2006 INDICATING THAT THE COMPANY'S LIABILITIES WERE MORE SUBSTANTIAL IN RELATION TO ITS TOTAL EQUITY. A LOWER RATIO WOULD BE MORE DESIRABLE AS THE LOWER THE RATIO, THE GREATER THE FINANCIAL SAFETY AND OPERATING FREEDOM FOR THE COMPANY.
LIQUIDITY:
IN GENERAL, SUBJECT'S LIQUIDITY SITUATION WAS CONSIDERED WEAK AS SEEN FROM NET WORKING CAPITAL AND LIQUIDITY RATIOS. CURRENT RATIO DROPPED TO 0.99 TIMES (2005: 1.01 TIMES) WHILE QUICK RATIO ROSE TO BUT LACKING AT 0.60 TIMES (2005: 0.53TIMES).
CAPITAL DEFFICEINCY INCURRED AND AMOUNTED TO S$349,657 IN 2006 AS COMPARED TO CAPITAL NET WORTH AND AMOUNTED TO S$181,239 IN 2005. A FALL OF 2.93 TIMES FROM THE PRIOR FINANCIAL YEAR.
CASH AND CASH EQUIVALENTS ROSE BY 29.45 % FROM S$2,722,786 IN 2005 TO S$3,524,564 IN 2006.
PROFITABILITY:
SUBJECT POSTED AN INCREASE IN REVENUE OF 38.84% WHICH AMOUNTED TO. S$65,395,080 (2005: S$47,101,201). HOWEVER, NET LOSSES INCURRED AND AMOUNTED TO S$372,575 IN 2006 AS COMPARED TO NET PROFIT AND AMOUNTED TO S$572,650 IN 2005. A FALL OF 1.65 TIMES FROM THE PRIOR FINANCIAL YEAR.
HENCE, NET MARGIN IS IN NEGATIVE REGION AND CALCULATED TO -0.57% (2005: 1.22%).
REVENUE:
REPRESENTS INVOICED VALUE OF SALES OF HARDWARE AND APPLICATION SOFTWARE AND SERVICES RENDERED.
DEBT SERVICING:
DEBT SERVICING PROBLEMS MIGHT NOT BE EXPECTED IF REVENUE AND EARNINGS CAN BE MAINTAINED AND PAYMENTS BY TRADE DEBTORS ARE FORTHCOMING.
IT WAS NOTED THAT AVERAGE COLLECTION PERIOD HAS LENGTHENED TO 84 DAYS (2005: 73 DAYS).
NOTES TO FINANCIAL STATEMENTS:
* BANK OVERDRAFT (UNSECURED):
THE BANK OVERDRAFT IS GUARANTEED BY A DIRECTOR OF THE HOLDING COMPANIES.
* BANK LOANS (UNSECURED):
THE UNSECURED BANK LOANS BEAR INTEREST RATES OF BETWEEN 3.75% - 4.88% (2005: 2.69% - 3.37%) PER ANNUM AND ARE REPAYABLE ON DEMAND. THE BANK LOANS ARE GUARANTEED BY A DIRECTOR OF THE HOLDING COMPANIES.
* CONTINGENT LIABILITIES:
BANKER'S GUARANTEE - 2006: S$656,484 (2005: S$1,621,064)
THE MAXIMUM AMOUNT THE COMPANY COULD BECOME LIABLE IS AS SHOWN ABOVE.
* POST BALANCE SHEET EVENT:
SUBSEQUENT TO THE FINANCIAL YEAR END, THE COMPANY ISSUED AN ADDITIONAL
19,175,106 ORDINARY SHARES FOR S$19,175,106 BY WAY OF CAPITALIZING OF
AMOUNTS DUE TO THE ALLOTTEES.
BACKGROUND/OPERATION
SUBJECT WAS INCORPORATED IN THE REPUBLIC OF SINGAPORE ON 15/12/1999 AS A PRIVATE COMPANY LIMITED BY SHARES AND WAS TRADING UNDER THE NAMESTYLE OF "PLANET NETWORKS PTE LTD".
SUBSEQUENTLY ON 21/02/2000, SUBJECT CHANGED TO ITS PRESENT NAMESTYLE "3D NETWORKS PTE LTD" AND IS TRADING AS A LIMITED PRIVATE COMPANY.
THE COMPANY HAS AN ISSUED AND PAID-UP CAPITAL OF 28,126,108 SHARES, OF A VALUE OF S$28,126,108.
PRINCIPAL ACTIVITIES:
SUBJECT IS REGISTERED WITH THE REGISTRY OF COMPANIES AND BUSINESSES
TO BE PRINCIPALLY ENGAGED IN THE BUSINESS OF:
1) SELLING VOICE/DATA COMMUNICATION EQUIPMENT & SERVICES
THE COMPANY WAS LISTED IN THE SINGAPORE LOCAL DIRECTORIES UNDER THE CLASSIFICATION OF: TELECOMMUNICATION SYSTEMS
DURING THE FINANCIAL YEAR(S), UNDER REVIEW, SUBJECT'S PRINCIPAL ACTIVITIES ARE THOSE RELATING TO THE PROVISION OF EQUIPMENT, SERVICES MAINTENANCE AND SUPPORT FOR THE ESTABLISHMENT OR INTEGRATION OF VOICE OR DATA COMMUNICATION EQUIPMENT, PRODUCTS OR SYSTEMS. FROM THE RESEARCH DONE, THE FOLLOWING INFORMATION WAS GATHERED:
BACKGROUND:
SUBJECT PROVIDES CONVERGED VOICE AND DATA NETWORK INFRASTRUCTURES TO BUSINESSES. IT SPECIALISES IN CALL CENTRES, INTERNET PROTOCOL BASED TELEPHONY (IP TELEPHONY), AND VALUE ADDED NETWORK MANAGEMENT SERVICES
PRODUCTS OR SERVICES:
* COMMUNICATION EQUIPMENT & SERVICES
* COMPUTER CONSULTANTS
* COMPUTER HARDWARE, SOFTWARE & SERVICES
* COMPUTER SERVICES
* INTEGRATORS : SYSTEM
* IT CONSULTANTS
* IT SYSTEMS, SOFTWARE, EQUIPMENT & SERVICES
* SYSTEM INTEGRATORS
* TELECOMMUNICATION EQUIPMENT & SERVICES
* TELECOMMUNICATION EQUIPMENT & SYSTEMS
REGION/COUNTRIES WITH BUSINESS DEALINGS:
* ASIA PACIFIC
* AUSTRALIA
* HONG KONG
* INDIA
* MALAYSIA
* PHILIPPINES
* THAILAND
PARTNERS:
* NORTEL NETWORKS
* ALTITUDE SOFTWARE
* EYRETEL
* CISCO SYSTEMS
FROM THE TELE-INTERVIEW CONDUCTED, SUBJECT CONFIRMED ITS BUSINESS ADDRESS, CONTACT NUMBERS AND LINE OF BUSINESS. FURTHER ENQURIES WERE REJECTED. NO OTHER TRADE INFORMATION WAS AVAILABLE
NUMBER OF EMPLOYEES:
* 100 - AS OF 2006
REGISTERED & BUSINESS ADDRESS:
151 LORONG CHUAN #03-05
NEW TECH PARK
SINGAPORE 556741
DATE OF CHANGE OF ADDRESS: 30/09/2000
- RENTED PREMISE
- PREMISE OWNED BY: BRANBURY INVESTMENTS LTD
WEBSITE: www.3dnetworks.com
EMAIL : 3dnetworks@planetone-asia.com
MANAGEMENT
THE DIRECTORS AT THE TIME OF THE REPORT ARE:
1) JAMES METHODIUS S/O CYRIL METHODIS, SINGAPOREAN
- HOLDS NO OTHER DIRECTORSHIPS AS RECORDED IN OUR DATABASE.
2) SURESH CHANDRA SENAPATY, AN INDIAN
- BASED IN INDIA
3) SURESH CHOITHRAM VASWANI, AN INDIAN
- BASED IN INDIA
Singapore’s Country Rating 2007
Investment Grade
IN SINGAPORE, THE POLITICAL SITUATION
REMAINS STABLE.
SINGAPORE BOASTS THE BEST GOVERNANCE IN ASIA, WITH AN EFFECTIVE LEGAL
SYSTEM FACILITATING DEBT COLLECTION AND TO A HIGH DEGREE OF FINANCIAL
TRANSPARENCY.
EXTERNAL ACCOUNTS
HAVE REMAINED SUBSTANTIALLY IN SURPLUS, CONTRIBUTED TO THE DYNAMISM OF THE
ELECTRONICS AND PHARMACEUTICALS SECTORS AND TO REPATRIATION OF PROFITS FROM
SINGAPORE INVESTMENTS. THE FINANCIAL AND TOURISM SECTORS HAVE ALSO CONTRIBUTED
TO THE LARGE CURRENT ACCOUNT SURPLUS.
SINGAPORE CONTINUES TO KEENLY WELCOME FOREIGN INVESTMENT AND OFFERS A VERY OPEN
AND WELL-PLANNED ECONOMIC AND POLITICAL ENVIRONMENT. IT HAS BEEN IMPLEMENTING
AMBITIOUS DIVERSIFICATION STRATEGY, FOCUSED PARTICULARLY ON THE CHEMICALS AND
PHARMACEUTICAL SECTORS.
THE GOVERNMENT USES FOREIGN DIRECT INVESTMENT TO DEVELOP PRIORITY SECTORS (ELECTRONICS, CHEMICALS, BIOTECHNOLOGY). THE AIM IS TO ENCOURAGE THE GROWTH OF HIGH ADDED-VALUE ACTIVITIES AND TURN SINGAPORE INTO A REGIONAL HUB FOR FOREIGN INVESTORS INTERESTED IN ASIA.
CERTAIN SECTORS (MEDIA, LEGAL AND FINANCIAL SERVICES) ARE HOWEVER ONLY PARTIALLY OPEN TO FOREIGN INVESTMENT. THESE SECTORS ARE SLOWLY OPENING UP, BUT THE PROGRESS IS SLOW.
AFTER HIGH GROWTH IN
2006, BUOYED BY THE DYNAMISM OF BOTH EXPORTS AND HOUSEHOLD CONSUMPTION, A
SLOWDOWN IS EXPECTED IN 2007.
ASSETS
MAJOR EXPORTER OF CAPITAL
IN ASIA, NOTABLY VIA THE STATE-OWNED TEMASEK HOLDING COMPANY.
HIGH QUALITY
COMPETITIVENESS IN ASIA
EXCELLENT BUSINESS CLIMATE
POLITICAL STABILITY.
WEAKNESSES
SKILLED MANPOWER HAS BEEN
LACKING IN THE SECTORS TARGETED FOR DEVELOPMENT.
AN AGEING POPULATION COULD, ULTIMATELY, AFFECT ECONOMIC PERFORMANCE.
GROWING INEQUALITY AND THE EMERGENCE OF LONG-TERM UNEMPLOYMENT AMONG THE LEAST SKILLED COULD GENERATE SOCIAL TENSIONS.
BEING THE WORLD’S MOST OPEN ECONOMY, IT HAS BEEN VULNERABLE TO WORLD ECONOMIC DOWNTURNS.
INFOCOMMUNICATIONS SECTOR
PAST PERFORMANCE
THE INFORMATION AND COMMUNICATIONS SECTOR ROSE BY 6.1% IN 4Q 2007, SLOWER THAN THE 6.6% IN 3Q 2007. THE GROWTH WAS MAINLY ATTRIBUTED TO THE TELECOMMUNICATIONS SEGMENT. BOTH THE TELECOMMUNICATIONS AND IT SERVICES SEGMENTS REMAINED HEALTHY DURING THE QUARTER.
IN THE TELECOMMUNICATIONS SEGMENT, THE GROWTH OF INTERNATIONAL TELEPHONE CALLS DURATION AND NUMBER OF SUBSCRIBERS FOR BOTH MOBILE PHONE SERVICE AND BROADBAND INTERNET REMAINED STRONG. THE SECTOR ROSE BY 6.3% IN 2007, UP FROM 4.6% GROWTH IN 2006.
NEWS
SINGAPORE TO ENJOY
FULL MOBILE NUMBER PORTABILITY FROM 13 JUNE
ON 13 JUNE, SINGAPORE’S MOBILE SUBSCRIBERS WILL ENJOY FULL MOBILE NUMBER PORTABILITY AND WITH THIS, GREATER BENEFITS IN TERMS OF FLEXIBILTY AND CHOICE OF SUBSCRIPTION PLANS AS COMPETITION AMONG MOBILE OPERATORS IS EXPECTED TO INTENSIFY. CURRENTLY, SINGAPORE’S MOBILE SUBSCRIPTION STANDS AT MORE THAN 5.8 MILLION.
THE FULL MOBILE NUMBER PORTABILITY SOLUTION WILL REPLACE THE CURRENT SOLUTION WHERE A MOBILE SUBSCRIBER HOLDS TWO NUMBERS, SO THAT CALLS TO HIS OLD NUMBER ARE CALL-FORWARDED TO A NEW ONE. SINGAPORE MOBILE SUBSCRIBERS WERE ONE OF THE FIRST IN THE WORLD TO ENJOY MOBILE NUMBER PORTABILITY THROUGH THIS CALL-FORWARDING SOLUTION WHEN IT WAS LAUNCHED HERE IN 1997.
WHEN IMPLEMENTED FROM 13 JUNE, FULL MOBILE NUMBER PORTABILITY WILL ALLOW ANYONE WHO WISHES TO KEEP THEIR CURRENT NUMBER WHEN THEY SWITCH MOBILE OPERATOR, TO DO SO BY THE NEXT WORKING DAY. THIS SPARES THEM THE HASSLE OF UPDATING THEIR FAMILY, FRIENDS, AND BUSINESS CONTACTS ABOUT A NEW NUMBER.
FULL MOBILE NUMBER PORTABILITY IS ALSO EXPECTED TO OPEN THE DOORS TO NEW BUSINESS OPPORTUNITIES FOR NON-TRADITIONAL TELECOMMUNICATION SERVICE PROVIDERS LIKE WIRELESS BROADBAND PROVIDERS AND VOICE-OVER-INTERNET PROTOCOL (VOIP) PROVIDERS. ITS CENTRALISED DATABASE INFRASTRUCTURE WILL BE WELL-PLACED TO FACILITATE THE ENTRY OF NEW PLAYERS AND EVOLUTION.
OUTLOOK
IN THE INFORMATION AND COMMUNICATIONS INDUSTRY, A NET WEIGHTED BALANCE OF 9.0% OF FIRMS IS POSITIVE ABOUT BUSINESS CONDITIONS IN THE COMING MONTHS.
EXTRACTED FROM: MINISTRY OF TRADE AND INDUSTRY, SINGAPORE
INFOCOMM DEVELOPMENT AUTHORITY OF SINGAPORE
FOREIGN EXCHANGE
RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.42.37 |
|
UK Pound |
1 |
Rs.84.00 |
|
Euro |
1 |
Rs.65.96 |
RATING
EXPLANATIONS
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
>86 |
Aaa |
Possesses an extremely sound financial base with the strongest
capability for timely payment of interest and principal sums |
Unlimited |
|
71-85 |
Aa |
Possesses adequate working capital. No caution needed for credit
transaction. It has above average (strong) capability for payment of interest
and principal sums |
Large |
|
56-70 |
A |
Financial & operational base are regarded healthy. General
unfavourable factors will not cause fatal effect. Satisfactory capability for
payment of interest and principal sums |
Fairly Large |
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
26-40 |
B |
Unfavourable & favourable factors carry similar weight in credit consideration.
Capability to overcome financial difficulties seems comparatively below
average. |
Small |
|
11-25 |
Ca |
Adverse factors are apparent. Repayment of interest and principal sums
in default or expected to be in default upon maturity |
Limited with
full security |
|
<10 |
C |
Absolute credit risk exists. Caution needed to be exercised |
Credit not
recommended |
|
NR |
In view of the lack of information, we have no basis upon which to
recommend credit dealings |
No Rating |
|
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 and their relative weights (as indicated through
%) are as follows:
Financial
condition (40%) Ownership
background (20%) Payment
record (10%)
Credit history
(10%) Market trend
(10%) Operational
size (10%)