MIRA INFORM REPORT

 

 

Report Date :

09.04.2011

 

IDENTIFICATION DETAILS

 

Name :

NEWLINE AGENCIES PTE LTD

 

 

Registered Office :

31 Cantonment Road Singapore 089747

 

 

Country :

Singapore

 

 

Financials (as on) :

31.03.2005

 

 

Date of Incorporation :

24.10.1996

 

 

Com. Reg. No.:

199607670R

 

 

Legal Form :

Limited Exempt Private Company

 

 

Line of Business :

General Wholesale Trade (Including General Importers And Exporters)

 

RATING & COMMENTS

 

MIRA’s Rating :

Ca

 

RATING

STATUS

PROPOSED CREDIT LINE

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

 

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 – December 31, 2010

 

Country Name

Previous Rating

                   (30.09.2010)                  

Current Rating

(31.12.2010)

Singapore

a1

a1

 

Risk Category

ECGC Classification

Insignificant

 

A1

Low

 

A2

Moderate

 

B1

High

 

B2

Very High

 

C1

Restricted

 

C2

Off-credit

 

D

 

Executive Summary

 

Company Name

:

NEWLINE AGENCIES PTE LTD

Registration No

:

199607670R

Date of Registration

:

24/10/1996

Former Name

:

NA

Date of Change of Name

:

NA

Type of Company

:

LIMITED EXEMPT PRIVATE COMPANY

Registered Address

:

31 CANTONMENT ROAD SINGAPORE 089747

Date of Change of Address

:

15/08/2006

Contact No.

:

NA

Fax No.

:

NA

Website

:

NA

Registered Activities

:

GENERAL WHOLESALE TRADE (INCLUDING GENERAL IMPORTERS AND EXPORTERS)

Issued Ordinary Capital*

:

$100,000.00 SINGAPORE, DOLLARS ,NO. OF SHARE : 100,000

Issued Preference Capital

:

NA

Paid-Up Ordinary Capital

:

$100,000.00 SINGAPORE, DOLLARS

Paid-Up Preference Capital

:

NA

* Number of Shares includes number of Issued Treasury Shares

Issued Treasury Capital

:

NA

Paid-Up Treasury Capital

:

NA

No. of Local Subsidiaries

:

NA

No. of Local Associates

:

NA

Auditor

:

SASHI KALA DEVI ASSOCIATES

Bankers / Financiers

:

NA

Turnover

:

SGD - SIN 3,096,209.00 (FY2005)

Net Worth

:

SGD - SIN (253,244.00) (FY2005)

No. of Bank Charges

:

NA

No. of Litigation Suits

:

NA

S1000 / SME 500 / FG50 Ranking

:

No found for SINGAPORE 1000 and SME 500

 

Compounded Annual Growth Rate (CAGR)

:

NA

 

 

Credit Recommendation

 

Recommended Credit Line

:

No Recommendation

 

 

SHAREHOLDER DETAILS

 

NAME

:

SUMEER MAHAJAN

SHAREHOLDER ID

:

S2648468E

NATIONALITY

:

SINGAPORE CITIZEN

ADDRESS

:

6 PEACH GARDEN #19-08 PEACH GARDEN SINGAPORE 437606

NO. OF ORD SHARES

:

99,999

% OF SHAREHOLDING

:

100%

CURRENCY

:

SINGAPORE, DOLLARS

 

NAME

:

ALKA SUMEER MAHAJAN

SHAREHOLDER ID

:

S2648469C

NATIONALITY

:

SINGAPORE P.R.

ADDRESS

:

6 PEACH GARDEN #19-08 PEACH GARDEN SINGAPORE 437606

NO. OF ORD SHARES

:

1

% OF SHAREHOLDING

:

0%

CURRENCY

:

SINGAPORE, DOLLARS

 

 

OFFICER DETAILS

 

NAME

:

JAMES METHODIUS S/O CYRIL METHODIS

ADDRESS

:

101 KITCHENER ROAD #03-42 JALAN BESAR PLAZA SINGAPORE 208511

POSITION

:

SECRETARY

DATE OF APPT

:

01/04/2003

NATIONALITY

:

SINGAPORE CITIZEN

I/C PASSPORT

:

S0680660J

 

NAME

:

SUMEER MAHAJAN

ADDRESS

:

6 PEACH GARDEN #19-08 PEACH GARDEN SINGAPORE 437606

POSITION

:

DIRECTOR

DATE OF APPT

:

25/10/1996

NATIONALITY

:

SINGAPORE CITIZEN

I/C PASSPORT

:

S2648468E

 

NAME

:

ALKA SUMEER MAHAJAN

ADDRESS

:

6 PEACH GARDEN #19-08 PEACH GARDEN SINGAPORE 437606

POSITION

:

DIRECTOR

DATE OF APPT

:

01/11/1999

NATIONALITY

:

SINGAPORE P.R.

I/C PASSPORT

:

S2648469C

 

 

KEY PERSONNEL PROFILE

 

Name:

SUMEER MAHAJAN

NRIC Number:

S2648468E

Available Address:

6 PEACH GARDEN #19-08 PEACH GARDEN  SINGAPORE 437606

 

Current Business Interest

No.

Name

Position

Appt Date

#of Share

%

1

AMTEL EXPORTS PTE LTD

DIRECTOR

29/11/2005

4900000

49.00

2

AMTEL INVESTMENT HOLDINGS PTE LTD

DIRECTOR

03/01/2002

3200000

100.00

3

AMTEL VENTURES PTE LTD

DIRECTOR

23/11/1993

1099999

73.33

4

NEWLINE AGENCIES PTE LTD

DIRECTOR

25/10/1996

99999

99.99

5

SINOCHEM PTE. LTD.

DIRECTOR

01/06/2006

-

-

6

SOLITAIRE VENTURES PTE. LTD.

DIRECTOR

26/09/2006

-

-

 

Previous Business

No.

Name

 

 

Status

Position

Appt Date

Last Known Inactive Date

1

BAHTCOAMTEL PTE. LTD.

STRUCK OFF

DIRECTOR

04/04/2002

05/06/2008

2

CONPACIN (S) PTE LTD

STRUCK OFF

DIRECTOR

14/02/1997

10/09/2005

3

CONPACIN (S) PTE LTD

STRUCK OFF

SECRETARY

28/07/2004

10/09/2005

4

CORPORATE PHYSICIANS INTERNATIONAL PTE LTD

STRUCK OFF

DIRECTOR

28/02/2001

-

5

CORPORATE PHYSICIANS PTE LTD

STRUCK OFF

DIRECTOR

19/09/2001

24/02/2006

6

MEDICBASE PTE LTD

STRUCK OFF

DIRECTOR

19/09/2001

24/02/2006

7

NETMD.ASIA PTE LTD

STRUCK OFF

DIRECTOR

19/09/2001

24/02/2006

8

TECHAM IMPEX PTE LTD

LIVE COMPANY

DIRECTOR

18/05/1993

08/06/2000

 

Bankruptcy Record

Case No.

Year

Date of Filing

Petitioner Name

Amount

No Trace

 

 

 

 

 

KEY PERSONNEL PROFILE

 

Litigation Search – Writ of Summons

 

Court

Case No.

Year

Date of Filing

Amount

Cause Category

No Trace

 

 

 

 

 

 

 

SUBSIDIARIES AND ASSOCIATE COMPANIES

 

Company

Shareholdings (%)

NA

 

 

 

BANKERS/ FINANCIERS

 

Subject enjoys a normal banking routine with its bankers. To date, there are no bank charges registered against Subject by its bankers.

 

 

LITIGATION

 

Clear

 

 

COMPLIANCE RECORDS

 

Date of Last AGM

:

28/09/2010

Date of Last AR

:

28/09/2010

Date of A/C Laid At Last AGM

:

31/03/2010

 

 

FINANCIAL HIGHLIGHTS

 

Financial Figures

Company

 

MAR 2005

% Change

MAR 2004

MAR 2003

MAR 2002

MAR 2000

Currency

SGD - SIN

 

SGD - SIN

SGD - SIN

SGD - SIN

SGD - SIN

Profit and Loss Key Figures

 

 

 

 

 

 

Turnover

3,096,209

1,287.19

223,200

898,854

664,865

8,538,917

Profit/(Loss) Before Tax

(37,734)

NA

(40,960)

(195,611)

(142,856)

7,286

Profit After Tax attributable to Shareholders

(37,734)

NA

(40,960)

(195,611)

(129,844)

(16,792)

 

 

 

 

 

 

 

Balance Sheet Key Figures

 

 

 

 

 

 

Total Assets

2,113,842

33.67

1,581,445

0

1,762,607

702,287

Current Assets

1,672,733

48.56

1,125,961

0

759,306

702,287

Non Current Assets

441,109

-3.16

455,484

0

1,003,301

0

 

 

 

 

 

 

 

Total Liabilities

2,367,086

31.21

1,803,979

0

1,729,672

430,805

Current Liabilities

2,367,086

31.21

1,803,979

0

1,729,672

430,805

Non Current Liabilities

0

NA

0

0

0

0

 

 

 

 

 

 

 

Shareholders' Funds

(253,244)

NA

(222,534)

0

0

0

Share Capital

115,729

-3.16

119,501

0

100,000

100,000

Total Reserves

(368,973)

NA

(342,035)

0

(67,065)

171,482

 

 

 

 

 

 

 

 

 

FINANCIAL RATIOS

 

 

Company

 

MAR 2005

MAR 2004

MAR 2003

MAR 2002

MAR 2000

Growth %

 

 

 

 

 

Year-on-Year Growth

1,287.19

-75.17

35.19

NA

NA

 

 

 

 

 

 

Profitability

 

 

 

 

 

Profit Margin (%)

NA

NA

NA

NA

NA

Return on Equity (%)

NA

NA

NA

NA

NA

Return on Assets (%)

NA

NA

NA

NA

NA

 

 

 

 

 

 

Leverage

 

 

 

 

 

Total Debt/Equity (Times)

NA

NA

NA

NA

NA

Current Debt/Equity (Times)

NA

NA

NA

NA

NA

Long Term Debt To Equity (Times)

NA

NA

NA

NA

NA

Total Asset To Total Equity (Times)

NA

NA

NA

NA

NA

 

 

 

 

 

 

Asset Management

 

 

 

 

 

Total Assets Turnover (Times)

1.46

0.14

NA

0.38

12.16

Fixed Assets Turnover (Times)

7.02

0.49

NA

0.66

NA

 

 

 

 

 

 

Liquidity

 

 

 

 

 

Current Ratio (Times)

0.71

0.62

NA

0.44

1.63

 

 

 

 

 

 

 

 

FINANCIAL COMMENTARY

 

Profitability

We are unable to comment on Subject's profitability as Subject posted losses for the financial year end under review.

 

 

Liquidity

 

Current ratio stood at 0.71 times in FY05 (FY04: 0.62 times). This means that the company has SGD - SIN 0.71 of current assets for every SGD - SIN of current liability incurred.

 

A minimum figure of 1.0 would be considered the lowest limit that this figure should reach. Any business that has a current ratio near 1.0 may be heading for liquidity problems, and would need to be closely monitored. A figure greater than 2.0 would be more desirable, to act as a buffer against any short-term liquidity problems, and give creditors/bank managers a degree of comfort when granting credit/finance.

 

 

Leverage

We are unable to comment on Subject's leverage as Subject is in net deficit position for the financial year end under review.

Efficiency Ratio

 

 

We are unable to comment on Subject's return on equity as Subject posted losses for the financial year end under review.

 

We are unable to comment on Subject's return on assets as Subject posted losses for the financial year end under review.

 

Total assets turnover ratio logged at 1.46 times in FY05 (FY04: 0.14 times). This ratio measures the company's ability to make productive use of its total assets to generate sales which reflects the efficiency of the management in utilising its resources.

 

FOREIGN EXCHANGE RATES

 

Currency
Unit

Indian Rupees

US Dollar

1

Rs.44.04

UK Pound

1

Rs.72.20

Euro

1

Rs.63.40

 

 

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

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

----

NB

New Business

----

 

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%)

 

 

 

 

 

PRIVATE & CONFIDENTIAL : This information is provided to you at your request, you having employed MIPL for such purpose. You will use the information as aid only in determining the propriety of giving credit and generally as an aid to your business and for no other purpose. You will hold the information in strict confidence, and shall not reveal it or make it known to the subject persons, firms or corporations or to any other. MIPL does not warrant the correctness of the information as you hold it free of any liability whatsoever. You will be liable to and indemnify MIPL for any loss, damage or expense, occasioned by your breach or non observance of any one, or more of these conditions

This report is issued at your request without any risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL) or its officials.