MIRA INFORM REPORT

 

 

Report Date :

12.04.2012

 

IDENTIFICATION DETAILS

 

Name :

OMNI GROWTH PTE. LTD.

 

 

Registered Office :

101 Cecil Street #17-06 Tong Eng Building Singapore 069533

 

 

Country :

Singapore

 

 

Financials (as on) :

31.12.2008

 

 

Date of Incorporation :

06.10.2003

 

 

Com. Reg. No.:

200309977M

 

 

Legal Form :

Limited Exempt Private Company

 

 

Line of Business :

Other Investment Holding Companies

 

 

No. of Employees :

Not Available

 

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 – March 31st, 2012

 

Country Name

Previous Rating

                   (31.12.2011)                  

Current Rating

(31.03.2012)

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

:

OMNI GROWTH PTE. LTD.

Registration No

:

200309977M

Date of Registration

:

06/10/2003

Former Name

:

NA

Date of Change of Name

:

NA

Type of Company

:

LIMITED EXEMPT PRIVATE COMPANY

Registered Address

:

101 CECIL STREET #17-06 TONG ENG BUILDING SINGAPORE 069533

Date of Change of Address

:

01/12/2007

Contact No.

:

63465908

Fax No.

:

63461664

Website

:

NA

Registered Activities

:

1. OTHER INVESTMENT HOLDING COMPANIES

2. GENERAL WHOLESALE TRADE (INCLUDING GENERAL IMPORTERS AND EXPORTERS)

Issued Ordinary Capital*

:

$1,000,000.00 SINGAPORE, DOLLARS ,NO. OF SHARE : 1,000,000

Issued Preference Capital

:

NA

Paid-Up Ordinary Capital

:

$1,000,000.00 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

:

WU CHIAW CHING & COMPANY

Bankers / Financiers

:

NA

Turnover

:

SINGAPORE, DOLLARS 12,651,445.00

Net Worth

:

SINGAPORE, DOLLARS 482,844.00

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)

:

54.57% (4 years)

 

 

Credit Rating & Recommendation

 

Recommended Credit Line

:

No Recommendation

 

SHAREHOLDER DETAILS

 

NAME

:

DEEPALI DIDWANIA

SHAREHOLDER ID

:

S7280969F

NATIONALITY

:

SINGAPORE P.R.

ADDRESS

:

110 TANJONG RHU ROAD #06-05 CAMELOT BY-THE-WATER SINGAPORE 436928

NO. OF ORD SHARES

:

1,000,000

CURRENCY

:

SINGAPORE, DOLLARS

 

 

OFFICER DETAILS

 

NAME

:

WEE SOON KENG

ADDRESS

:

69C SHELFORD ROAD WATTEN ESTATE SINGAPORE 288465

POSITION

:

DIRECTOR

SECRETARY

DATE OF APPT

:

07/11/2003

07/11/2003

NATIONALITY

:

SINGAPORE CITIZEN

I/C PASSPORT

:

S0241368Z

 

NAME

:

DEEPALI DIDWANIA

ADDRESS

:

110 TANJONG RHU ROAD #06-05 CAMELOT BY-THE-WATER SINGAPORE 436928

POSITION

:

DIRECTOR

DATE OF APPT

:

07/11/2003

NATIONALITY

:

SINGAPORE P.R.

I/C PASSPORT

:

S7280969F

 

 

 

KEY PERSONNEL PROFILE

 

Name:

DEEPALI DIDWANIA

NRIC Number:

S7280969F

Available Address:

110 TANJONG RHU ROAD #06-05 CAMELOT BY-THE-WATER  SINGAPORE 436928

 

Current Business Interest

 

No.

Name

Position

Appt Date

#of Share

%

1

OMNI GROWTH PTE. LTD.

DIRECTOR

07/11/2003

1000000

100.00

 

Previous Business

 

No.

Name

 

 

Status

Position

Appt Date

Last Known Inactive Date

1

DINOWIC PTE LTD

LIVE COMPANY

DIRECTOR/SHR

29/08/2005

11/08/2010

 

Bankruptcy Record

 

 

Case No.

Year

Date of Filing

Petitioner Name

Amount

No Trace

 

 

 

 

 

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

:

29/07/2009

Date of Last AR

:

04/08/2009

Date of A/C Laid At Last AGM

:

31/12/2008

 

FINANCIAL HIGHLIGHTS

 

Financial Figures

Company

 

DEC 2008

% Change

DEC 2007

DEC 2006

DEC 2005

DEC 2004

Currency

SINGAPORE, DOLLARS

 

SINGAPORE, DOLLARS

SINGAPORE, DOLLARS

SGD - SIN

SGD - SIN

Profit and Loss Key Figures

 

 

 

 

 

 

Turnover

12,651,445

-24.89

16,844,698

3,872,192

2,974,614

2,216,529

Profit/(Loss) Before Tax

83,754

-16.90

100,788

10,260

2,686

1,065

Profit After Tax attributable to Shareholders

76,666

-16.82

92,167

10,260

2,686

1,065

 

 

 

 

 

 

 

Balance Sheet Key Figures

 

 

 

 

 

 

Total Assets

8,883,792

11.22

7,987,772

1,705,329

1,417,399

413,747

Current Assets

0

NA

0

1,705,329

1,417,399

413,747

Non Current Assets

0

NA

0

0

0

0

 

 

 

 

 

 

 

Total Liabilities

8,400,948

10.81

7,581,594

1,391,318

1,113,648

412,680

Current Liabilities

0

NA

0

1,391,318

1,113,648

412,680

Non Current Liabilities

0

NA

0

0

0

0

 

 

 

 

 

 

 

Shareholders' Funds

482,844

18.87

406,178

314,011

303,751

1,067

Share Capital

300,000

0.00

300,000

300,000

300,000

2

Total Reserves

182,844

72.21

106,178

14,011

3,751

1,065

 

 

 

 

 

 

 

 

 

 

FINANCIAL RATIOS

 

 

Company

 

DEC 2008

DEC 2007

DEC 2006

DEC 2005

DEC 2004

Growth %

 

 

 

 

 

Year-on-Year Growth

-24.89

335.02

30.17

34.20

NA

 

 

 

 

 

 

Profitability

 

 

 

 

 

Profit Margin (%)

0.61

0.55

0.26

0.09

0.05

Return on Equity (%)

15.88

22.69

3.27

0.88

99.81

Return on Assets (%)

0.86

1.15

0.60

0.19

0.26

 

 

 

 

 

 

Leverage

 

 

 

 

 

Total Debt/Equity (Times)

17.40

18.67

4.43

3.67

386.77

Current Debt/Equity (Times)

NA

NA

4.43

3.67

386.77

Long Term Debt To Equity (Times)

NA

NA

NA

NA

NA

Total Asset To Total Equity (Times)

18.40

19.67

5.43

4.67

387.77

 

 

 

 

 

 

Asset Management

 

 

 

 

 

Total Assets Turnover (Times)

1.42

2.11

2.27

2.10

5.36

Fixed Assets Turnover (Times)

NA

NA

NA

NA

NA

 

 

 

 

 

 

Liquidity

 

 

 

 

 

Current Ratio (Times)

NA

NA

1.23

1.27

1.00

 

 

 

 

 

 

 

FINANCIAL COMMENTARY

 

Compound Annual Growth Rate

 

The company's CAGR is 54.57% (4 years).

 

CAGR is the year-over-year growth rate of a company over a specified period. Instead of looking at the average growth rate, CAGR allow users to look at the annualized growth rate of a company over a given period, a more indicative measure of growth of a company’s performance over a given period.

 

 

Profitability

The company yielded a rate of net profit on sales of 0.61 per cent in FY08 (FY07: 0.55 per cent). The company is now able to book in SINGAPORE, DOLLARS 0.01 of profit for every SINGAPORE, DOLLARS of sales in FY08, as compared with SINGAPORE, DOLLARS 0.01 a year ago.

 

 

 

Liquidity

 

We are unable to comment on Subject's liquidity.

 

 

Leverage

Total debt-to-equity ratio notched 17.40 times in FY08, compared with 18.67 times in FY07. This means that the company requires additional external financing of SINGAPORE, DOLLARS 17.40 for every SINGAPORE, DOLLARS injected into its operations.

 

Generally, a total debt-to-equity ratio of less than 0.5 times is preferred. The ratio measures the proportion of the company's reliance on external debt for financing, relative to the shareholder's fund. A lower ratio would imply a greater financial safety and operating freedom for the company.

 

 

 

Efficiency Ratio

 

 

Return on equity was 15.88 per cent for Subject in the current financial period, as compared to 22.69 per cent a year ago. The return on equity measures the return earned on the owner's investment.  Generally, the higher this return, the better off the owner.

 

Return on assets stood at 0.86 per cent (FY07: 1.15 per cent). The return on asset measures the overall effectiveness of management in generating profit with its available assets.

 

Total assets turnover ratio logged at 1.42 times in FY08 (FY07: 2.11 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.51.55

UK Pound

1

Rs.81.95

Euro

1

Rs.67.57

 

 

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

 

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%)

 

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