MIRA INFORM REPORT

 

 

Report Date :

06.11.2012

 

IDENTIFICATION DETAILS

 

Name :

INOUT ENTERPRISE PTE. LTD.

 

 

Registered Office :

 

196 Pandan Loop #01-20 Pantech Business Hub Singapore 128384

 

 

 

 

Country :

Singapore

 

 

 

 

Financials (as on) :

30.06.2011

 

 

 

 

Date of Incorporation :

08.03.1991

 

 

 

 

Com. Reg. No.:

199100992N

 

 

 

 

Legal Form :

Limited Exempt Private Company

 

 

 

 

Line of Business :

General Wholesale Trade (Including General Importers and Exporters)

 

 

 

 

No. of Employees :

Not Available

 

 

RATING & COMMENTS

 

MIRA’s Rating :

Ba

 

RATING

STATUS

PROPOSED CREDIT LINE

41-55

Ba

Overall operation is considered normal. Capable to meet normal commitments.

Satisfactory

 

Status :

Satisfactory

Payment Behaviour :

No Complaints

Litigation :

--

 

 

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 – June 30th, 2012

 

Country Name

Previous Rating

(31.03.2011)

Current Rating

(30.06.2012)

Singapore

A1

A1

 

Risk Category

ECGC Classification

Insignificant

 

A1

Low

 

A2

Moderate

 

B1

High

 

B2

Very High

 

C1

Restricted

 

C2

Off-credit

 

D

 

 

SINGAPORE - ECONOMIC OVERVIEW

 

Singapore has a highly developed and successful free-market economy. It enjoys a remarkably open and corruption-free environment, stable prices, and a per capita GDP higher than that of most developed countries. The economy depends heavily on exports, particularly in consumer electronics, information technology products, pharmaceuticals, and on a growing financial services sector. Real GDP growth averaged 8.6% between 2004 and 2007. The economy contracted 1.0% in 2009 as a result of the global financial crisis, but rebounded 14.8% in 2010 and 4.9% in 2011, on the strength of renewed exports. Over the longer term, the government hopes to establish a new growth path that focuses on raising productivity, which has sunk to a compound annual growth rate of just 1.8% in the last decade. Singapore has attracted major investments in pharmaceuticals and medical technology production and will continue efforts to establish Singapore as Southeast Asia's financial and high-tech hub.

Source : CIA

 

Company Name:

Registered Number:

INOUT ENTERPRISE PTE. LTD.

199100992N

 

Date Incorporated:

Registered Office:

Telephone Number:

08/03/1991

196 PANDAN LOOP #01-20 PANTECH BUSINESS HUB SINGAPORE 128384

6276 6123

Age of Company:

Website:

Industry Type:

21

www.inout.com.sg

COMMERCE-WHOLESALE

 

 

Risk Dashboard

Days Beyond Terms

Trend:

No. of Litigation Counts:

Company DTC:

2

53

Better than last month;last month the entity took 12 days to pay

No. of Charges(s):
3

Industry DTC

 

25

 

Directors

 

Corporate Structure

Number of Current Directors

3

Holding Company:

NA

Number that are shareholders

14

No. of Subsidiaries & Associated Companies:

NA

EXECUTIVE SUMMARY

 

Company Name

:

INOUT ENTERPRISE PTE. LTD.

Registration No

:

199100992N

Date of Registration

:

08/03/1991

Former Name

:

NA

Date of Change of Name

:

NA

Type of Company

:

LIMITED EXEMPT PRIVATE COMPANY

Registered Address

:

196 PANDAN LOOP #01-20 PANTECH BUSINESS HUB SINGAPORE 128384

Date of Change of Address

:

15/05/2008

Contact No.

:

6276 6123

Fax No.

:

6276 1516

Website

:

www.inout.com.sg

Registered Activities

:

GENERAL WHOLESALE TRADE (INCLUDING GENERAL IMPORTERS AND EXPORTERS)

Issued Ordinary Capital*

:

$1,900,576.00 SINGAPORE, DOLLARS ,NO. OF SHARE : 1,852,576

Issued Preference Capital

:

NA

Paid-Up Ordinary Capital

:

$1,900,576.00 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

:

A. L. LEE & CO.

Bankers / Financiers

:

UNITED OVERSEAS BANK LIMITED

Turnover

:

SINGAPORE, DOLLARS 12,678,172.00 (FY2011)

Net Worth

:

SINGAPORE, DOLLARS 5,177,895.00 (FY2011)

No. of Bank Charges

:

3

No. of Litigation Suits

:

2

S1000 / SME 1000 / FG50 Ranking

:

No found for SINGAPORE 1000 and SME 1000

Compounded Annual Growth Rate (CAGR)

:

3.16% (4 years)

 

 

SHAREHOLDER DETAILS

 

NAME

:

ANG HWEE TONG MATTHEW

SHAREHOLDER ID

:

S7006869I

NATIONALITY

:

SINGAPORE CITIZEN

ADDRESS

:

113 BISHAN STREET 12 #02-118 BISHAN VIEW SINGAPORE 570113

NO. OF ORD SHARES

:

1,059,947

% OF SHAREHOLDING

:

57.2%

CURRENCY

:

SINGAPORE, DOLLARS

 

NAME

:

LIM HUA KEOW

SHAREHOLDER ID

:

S6934898Z

NATIONALITY

:

SINGAPORE CITIZEN

ADDRESS

:

62 MEI HWAN DRIVE #17-06 GOLDENHILL PARK CONDOMINIUM SINGAPORE 568427

NO. OF ORD SHARES

:

301,376

% OF SHAREHOLDING

:

16.3%

CURRENCY

:

SINGAPORE, DOLLARS

 

NAME

:

SIHA

SHAREHOLDER ID

:

S881144

NATIONALITY

:

INDONESIAN

ADDRESS

:

JL. GN. MERAPI-23 BALOI INDAH RT 03/01 KAMPUNG PELITA BATAM, INDONESIA

NO. OF ORD SHARES

:

121,376

% OF SHAREHOLDING

:

6.6%

CURRENCY

:

SINGAPORE, DOLLARS

 

NAME

:

INTIRA LERTZANGAR

SHAREHOLDER ID

:

S2557583J

NATIONALITY

:

SINGAPORE CITIZEN

ADDRESS

:

341 WOODLANDS AVENUE 1 #12-609 SINGAPORE 730341

NO. OF ORD SHARES

:

58,000

% OF SHAREHOLDING

:

3.1%

CURRENCY

:

SINGAPORE, DOLLARS

 

NAME

:

HENG LEE HUAT

SHAREHOLDER ID

:

S1814836F

NATIONALITY

:

SINGAPORE CITIZEN

ADDRESS

:

88 TELOK BLANGAH HEIGHTS #22-353 SINGAPORE 100088

NO. OF ORD SHARES

:

53,304

% OF SHAREHOLDING

:

2.9%

CURRENCY

:

SINGAPORE, DOLLARS

 

NAME

:

HAN LINGLING

SHAREHOLDER ID

:

G35020662

NATIONALITY

:

CHINESE

ADDRESS

:

7G-32 WEILANHAIAN GARDEN, DENGLIANG RD. NANSHAN DISTRICT, SHENZHEN, CHINA.

NO. OF ORD SHARES

:

52,413

% OF SHAREHOLDING

:

2.8%

CURRENCY

:

SINGAPORE, DOLLARS

 

 

NAME

:

SETIADI SUNGKONO THE

SHAREHOLDER ID

:

T855780

NATIONALITY

:

INDONESIAN

ADDRESS

:

PRAPEN INDAH II BLOCK B NO 1 SURABAYA INDONESIA

NO. OF ORD SHARES

:

43,765

% OF SHAREHOLDING

:

2.4%

CURRENCY

:

SINGAPORE, DOLLARS

 

NAME

:

MELVIN DY SUA

SHAREHOLDER ID

:

XX0628647

NATIONALITY

:

FILIPINO

ADDRESS

:

43 ZALAMEDA STREET QUEZON CITY, PHILIPPINES

NO. OF ORD SHARES

:

36,394

% OF SHAREHOLDING

:

2%

CURRENCY

:

SINGAPORE, DOLLARS

 

NAME

:

YONG KHAI YEE

SHAREHOLDER ID

:

S7340808C

NATIONALITY

:

SINGAPORE CITIZEN

ADDRESS

:

685A CHOA CHU KANG CRESCENT #14-288 SINGAPORE 681685

NO. OF ORD SHARES

:

30,924

% OF SHAREHOLDING

:

1.7%

CURRENCY

:

SINGAPORE, DOLLARS

 

NAME

:

CHEE KENG FOO

SHAREHOLDER ID

:

S6809433Z

NATIONALITY

:

SINGAPORE CITIZEN

ADDRESS

:

167 HOUGANG AVENUE 1 #10-1552 SINGAPORE 530167

NO. OF ORD SHARES

:

25,787

% OF SHAREHOLDING

:

1.4%

CURRENCY

:

SINGAPORE, DOLLARS

 

NAME

:

CHUA BEE LAN

SHAREHOLDER ID

:

S7006105H

NATIONALITY

:

SINGAPORE CITIZEN

ADDRESS

:

167 HOUGANG AVENUE 1 #10-1552 SINGAPORE 530167

NO. OF ORD SHARES

:

25,787

% OF SHAREHOLDING

:

1.4%

CURRENCY

:

SINGAPORE, DOLLARS

 

NAME

:

LIM EE YOUNG

SHAREHOLDER ID

:

A19356044

NATIONALITY

:

MALAYSIAN

ADDRESS

:

39 CANTON DRIVE OFF KAMPAR ROAD 30250 IPOH, PERAK, MALAYASIA

NO. OF ORD SHARES

:

20,965

% OF SHAREHOLDING

:

1.1%

CURRENCY

:

SINGAPORE, DOLLARS

 

 

NAME

:

LOKE SAI WENG

SHAREHOLDER ID

:

S7775565I

NATIONALITY

:

SINGAPORE P.R.

ADDRESS

:

85 COMMONWEALTH CLOSE #06-75 SINGAPORE 140085

NO. OF ORD SHARES

:

12,055

% OF SHAREHOLDING

:

0.7%

CURRENCY

:

SINGAPORE, DOLLARS

 

NAME

:

KOH YEOW KIM

SHAREHOLDER ID

:

S7137694Z

NATIONALITY

:

SINGAPORE CITIZEN

ADDRESS

:

973 HOUGANG STREET 91 #08-210 SINGAPORE 530973

NO. OF ORD SHARES

:

10,483

% OF SHAREHOLDING

:

0.6%

CURRENCY

:

SINGAPORE, DOLLARS

 

 

 

OFFICER DETAILS

 

NAME

:

HENG LEE HUAT

ADDRESS

:

88 TELOK BLANGAH HEIGHTS #22-353 SINGAPORE 100088

POSITION

:

DIRECTOR

DATE OF APPT

:

10/06/2011

NATIONALITY

:

SINGAPORE CITIZEN

I/C PASSPORT

:

S1814836F

 

NAME

:

LIM HUA KEOW

ADDRESS

:

62 MEI HWAN DRIVE #17-06 GOLDENHILL PARK CONDOMINIUM SINGAPORE 568427

POSITION

:

DIRECTOR

DATE OF APPT

:

10/06/2011

NATIONALITY

:

SINGAPORE CITIZEN

I/C PASSPORT

:

S6934898Z

 

NAME

:

ANG HWEE TONG MATTHEW

ADDRESS

:

113 BISHAN STREET 12 #02-118 BISHAN VIEW SINGAPORE 570113

POSITION

:

DIRECTOR

DATE OF APPT

:

11/02/2000

NATIONALITY

:

SINGAPORE CITIZEN

I/C PASSPORT

:

S7006869I

 

NAME

:

LOKE SAI WENG

ADDRESS

:

85 COMMONWEALTH CLOSE #06-75 SINGAPORE 140085

POSITION

:

SECRETARY

DATE OF APPT

:

06/11/2004

NATIONALITY

:

SINGAPORE P.R.

I/C PASSPORT

:

S7775565I

 

 

KEY PERSONNEL PROFILE

 

Name:

ANG HWEE TONG MATTHEW

NRIC Number:

S7006869I

Available Address:

113 BISHAN STREET 12 #02-118 BISHAN VIEW  SINGAPORE 570113

 

 

Current Business Interest

 

No.

Name

Position

Appt Date

#of Share

%

1

INOUT ENTERPRISE PTE. LTD.

DIRECTOR

11/02/2000

1059947

57.21

 

 

Previous Business

 

No.

Name

 

 

Status

Position

Appt Date

Last Known Inactive Date

1

MOMATT TRADING

TERMINATION

MANAGER

25/05/1992

-

2

MOMATT TRADING

TERMINATION

OWNER

25/05/1992

-

3

MOMATT TRADING (S) PTE LTD

STRUCK OFF

DIRECTOR

08/10/1992

-

 

 

Bankruptcy Record

 

Case No.

Year

Date of Filing

Petitioner Name

Amount

No Trace

 

 

 

 

 

 

Litigation Search – Writ of Summons

 

Court

Case No.

Transfer

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 have been 3 bank charges registered against Subject by its bankers. The charge numbers are:

 

1)

Charge No.

:

C201207263

 

Date of Registration

:

02/07/2012

 

Chargee

:

UNITED OVERSEAS BANK LIMITED

 

Amount Secured  and Currency

:

All Monies

 

Address

:

80 RAFFLES PLACE UOB PLAZA SINGAPORE 048624

 

2)

Charge No.

:

C201108046

 

Date of Registration

:

04/07/2011

 

Chargee

:

UNITED OVERSEAS BANK LIMITED

 

Amount Secured  and Currency

:

All Monies

 

Address

:

80 RAFFLES PLACE UOB PLAZA SINGAPORE 048624

 

3)

Charge No.

:

C201107698

 

Date of Registration

:

27/06/2011

 

Chargee

:

UNITED OVERSEAS BANK LIMITED

 

Amount Secured  and Currency

:

All Monies

 

Address

:

80 RAFFLES PLACE UOB PLAZA SINGAPORE 048624

 

LITIGATION

 

To date, there have been 2  litigation suits filed against Subject.

 

 

Current Year

On/After 01 Jan 2012

Past Years

Bef 01 Jan 2012

 

Court (Claim under normal circumstances)

Magistrate (< $80,000)

0

2

District ($80,000 - $250,000)

0

0

High (>$250,000)

0

0

 

Winding Up Trace

 

No

In litigation/Dissolved/Struck Off/In receivership

No

 

The details are as follows:

 

1)

Court

:

Magistrate Court

 

Case No.

:

1399

 

Transfer

:

-

 

Date of Filing

:

16/01/2009

 

Amount

:

8,843.60

 

Cause

:

Tort - Negligence (Motor Accidents)

 

Case Status

:

CONCLUDED

 

Plaintiff

:

PREMIER TAXIS PTE LTD

 

2)

Court

:

Magistrate Court

 

Case No.

:

9458

 

Transfer

:

-

 

Date of Filing

:

21/04/2005

 

Amount

:

2,360.40

 

Cause

:

Tort - Negligence (Motor Accidents With Injury)

 

Case Status

:

DEEMED DISCONTINUED

 

Plaintiff

:

AW YUAN KAI

 

 

COMPLIANCE

 

Date of Last AGM

:

31/07/2012

Date of Last AR

:

14/08/2012

Date of A/C Laid At Last AGM

:

30/06/2011
 

COMPLIANCE RATING FOR ANNUAL FILING

 

ANNUAL GENERAL MEETING,ANNUAL RETURN OR ACCOUNTS LATE

 

Note:

 

Provided by ACRA (Accounting and Corporate Regulatory Authority), the Compliance Rating for Annual Filing measures a company’s compliance with the provisions under S175, S197 or S201 of the Companies Act, Cap. 50.

 

Applicable to all “Live” locally incorporated companies except for the Limited Partnerships, Limited Liability Partnerships, Business Entities, Foreign Companies and Public Accounting Firms, the rating provide information on whether a company is up-to-date with the holding of its Annual General Meeting (AGM) with up-to-date financial statements and filing of its Annual Return (AR).

 

For more information: www.acra.gov.sg/compliance

 

FINANCIAL HIGHLIGHTS

 

Financial Figures

Group

 

JUN 2011

% Change

JUN 2010

JUN 2009

JUN 2008

JUN 2007

Currency

SGD - SIN

 

SGD - SIN

SGD - SIN

SGD - SIN

SGD - SIN

Profit and Loss Key Figures

 

 

 

 

 

 

Turnover

12,678,172

-9.60

14,024,192

11,615,987

11,505,891

11,192,956

Profit/(Loss) Before Tax

949,818

-17.47

1,150,808

255,043

279,629

145,668

Profit After Tax attributable to Shareholders

859,180

-18.64

1,056,000

231,460

248,927

66,518

 

 

 

 

 

 

 

Balance Sheet Key Figures

 

 

 

 

 

 

Total Assets

7,108,217

-15.49

8,411,437

7,432,687

7,971,558

6,866,887

Current Assets

5,940,231

16.21

5,111,802

5,582,962

6,047,088

5,146,074

Non Current Assets

1,167,986

-64.60

3,299,635

1,849,725

1,924,470

1,720,813

 

 

 

 

 

 

 

Total Liabilities

1,930,322

-51.18

3,953,600

3,994,781

4,751,993

4,058,148

Current Liabilities

1,898,985

-51.40

3,907,397

3,906,254

4,614,326

3,896,361

Non Current Liabilities

31,337

-32.18

46,203

88,527

137,667

161,787

 

 

 

 

 

 

 

Shareholders' Funds

5,177,895

16.15

4,457,837

3,437,906

3,219,565

2,808,739

Share Capital

1,900,576

0.00

1,900,576

1,800,500

1,800,500

1,248,000

Total Reserves

3,277,319

33.74

2,450,441

1,637,406

1,419,065

1,560,739

 

 

 

 

 

 

 

 

FINANCIAL RATIOS

 

 

Group

 

JUN 2011

JUN 2010

JUN 2009

JUN 2008

JUN 2007

Growth %

 

 

 

 

 

Year-on-Year Growth

-9.60

20.73

0.96

2.80

NA

 

 

 

 

 

 

Profitability

 

 

 

 

 

Profit Margin (%)

6.78

7.53

1.99

2.16

0.59

Return on Equity (%)

16.59

23.69

6.73

7.73

2.37

Return on Assets (%)

12.09

12.55

3.11

3.12

0.97

 

 

 

 

 

 

Leverage

 

 

 

 

 

Total Debt/Equity (Times)

0.37

0.89

1.16

1.48

1.44

Current Debt/Equity (Times)

0.37

0.88

1.14

1.43

1.39

Long Term Debt To Equity (Times)

0.01

0.01

0.03

0.04

0.06

Total Asset To Total Equity (Times)

1.37

1.89

2.16

2.48

2.44

 

 

 

 

 

 

Asset Management

 

 

 

 

 

Total Assets Turnover (Times)

1.78

1.67

1.56

1.44

1.63

Fixed Assets Turnover (Times)

10.85

4.25

6.28

5.98

6.50

 

 

 

 

 

 

Liquidity

 

 

 

 

 

Current Ratio (Times)

3.13

1.31

1.43

1.31

1.32

 

 

 

 

 

 

 

FINANCIAL HIGHLIGHTS

 

Financial Figures

Company

 

JUN 2011

% Change

JUN 2010

JUN 2009

JUN 2008

JUN 2007

Currency

SGD - SIN

 

SGD - SIN

SGD - SIN

SGD - SIN

SGD - SIN

Profit and Loss Key Figures

 

 

 

 

 

 

Turnover

*

NA

0

10,558,898

10,793,629

9,081,213

Profit/(Loss) Before Tax

*

NA

0

169,069

83,043

(80,663)

Profit After Tax attributable

 to Shareholders

*

NA

0

165,732

64,121

(124,293)

 

 

 

 

 

 

 

Balance Sheet Key Figures

 

 

 

 

 

 

Total Assets

6,350,115

-5.24

6,701,193

6,361,776

7,184,194

6,296,481

Current Assets

5,420,425

18.37

4,579,375

5,043,185

5,720,821

4,740,165

Non Current Assets

929,690

-56.18

2,121,818

1,318,591

1,463,373

1,556,316

 

 

 

 

 

 

 

Total Liabilities

1,682,915

-53.96

3,655,645

3,695,236

4,683,386

3,920,294

Current Liabilities

1,661,758

-54.02

3,614,170

3,615,116

4,547,802

3,760,672

Non Current Liabilities

21,157

-48.99

41,475

80,120

135,584

159,622

 

 

 

 

 

 

 

Shareholders' Funds

4,667,200

53.25

3,045,548

2,666,540

2,500,808

2,376,187

Share Capital

1,900,576

0.00

1,900,576

1,800,500

1,800,500

1,248,000

Total Reserves

2,766,624

141.63

1,144,972

866,040

700,308

1,128,187

 

 

 

 

 

 

 

* As per Companies Act, section 201 Accounts, Consolidated accounts and directors report, sub-section 3A.

 

 

 

FINANCIAL RATIOS 

 

 

Company

 

JUN 2011

JUN 2010

JUN 2009

JUN 2008

JUN 2007

Growth %

 

 

 

 

 

Year-on-Year Growth

NA

-100.00

-2.17

18.86

NA

 

 

 

 

 

 

Profitability

 

 

 

 

 

Profit Margin (%)

0.00

0.00

1.57

0.59

-1.37

Return on Equity (%)

0.00

0.00

6.22

2.56

-5.23

Return on Assets (%)

0.00

0.00

2.61

0.89

-1.97

 

 

 

 

 

 

Leverage

 

 

 

 

 

Total Debt/Equity (Times)

0.36

1.20

1.39

1.87

1.65

Current Debt/Equity (Times)

0.36

1.19

1.36

1.82

1.58

Long Term Debt To Equity (Times)

0.00

0.01

0.03

0.05

0.07

Total Asset To Total Equity (Times)

1.36

2.20

2.39

2.87

2.65

 

 

 

 

 

 

Asset Management

 

 

 

 

 

Total Assets Turnover (Times)

0.00

0.00

1.66

1.50

1.44

Fixed Assets Turnover (Times)

0.00

0.00

8.01

7.38

5.84

 

 

 

 

 

 

Liquidity

 

 

 

 

 

Current Ratio (Times)

3.26

1.27

1.40

1.26

1.26

 

 

 

 

 

 

 

 

 

FINANCIAL COMMENTARY

 

Compound Annual Growth Rate

 

The company's CAGR is 3.16% (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 group yielded a rate of net profit on sales of 6.78 per cent in FY11 (FY10: 7.53 per cent). The group is now able to book in SINGAPORE, DOLLARS 0.07 of profit for every SINGAPORE, DOLLARS of sales in FY11, as compared with SINGAPORE, DOLLARS 0.08 a year ago.

 

Liquidity

Current ratio stood at 3.13 times in FY11 (FY10: 1.31 times). This means that the group has SINGAPORE, DOLLARS 3.13 of current assets for every SINGAPORE, DOLLARS of current liability incurred.

 

 

FINANCIAL COMMENTARY

 

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

Total debt-to-equity ratio notched 0.37 times in FY11, as compared with 0.89 times in FY10. This means that the group requires additional external financing of SINGAPORE, DOLLARS 0.37 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 16.59 per cent for Subject in the current financial period, as compared to 23.69 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 12.09 per cent (FY10: 12.55 per cent). The return on asset measures the overall effectiveness of management in generating profit with its available assets.

 

 

FINANCIAL COMMENTARY

 

Total assets turnover ratio logged at 1.78 times in FY11 (FY10: 1.67 times). This ratio measures the group'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.54.08

UK Pound

1

Rs.86.68

Euro

1

Rs.69.36

 

 

INFORMATION DETAILS

 

Report Prepared by :

PRL

 

 

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.