MIRA INFORM REPORT

 

 

Report Date :

16.10.2012

 

IDENTIFICATION DETAILS

 

Name :

RALS INTERNATIONAL PTE. LTD.

 

 

Registered Office :

90 Cecil Street #15-02 Singapore 069531

 

 

Country :

Singapore

 

 

Financials (as on) :

31.03.2011 (Group)

31.03.2011 (Company)

 

 

Date of Incorporation :

08.10.2005

 

 

Com. Reg. No.:

200514040k

 

 

Legal Form :

Limited 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 :

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 – June 30th, 2012

 

Country Name

Previous Rating

(31.03.2012)

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:

RALS INTERNATIONAL PTE. LTD.

200514040K

 

Date Incorporated:

Registered Office:

Telephone Number:

08/10/2005

90 CECIL STREET #15-02 SINGAPORE 069531

6323 0741

Age of Company:

Website:

Industry Type:

7

NA

COMMERCE-WHOLESALE

 

Risk Dashboard

Days Beyond Terms

Trend:

No. of Litigation Counts:

Company DTC:

NA

NA

The entity is paying current to the creditors

No. of Charges(s):
2

Industry DTC

 

24

 

Directors

 

Corporate Structure

Number of Current Directors

2

Holding Company:

RAJKUMAR IMPEX PRIVATE LIMITED

Number that are shareholders

3

No. of Subsidiaries & Associated Companies:

1

 

EXECUTIVE SUMMARY

 

Company Name

:

RALS INTERNATIONAL PTE. LTD.

Registration No

:

200514040K

Date of Registration

:

08/10/2005

Former Name

:

NA

Date of Change of Name

:

NA

Type of Company

:

LIMITED PRIVATE COMPANY

Registered Address

:

90 CECIL STREET #15-02 SINGAPORE 069531

Date of Change of Address

:

08/10/2005

Contact No.

:

6323 0741

Fax No.

:

6323 0746

Website

:

NA

Registered Activities

:

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

2. OTHER PERSONAL SERVICE ACTIVITIES NEC

FOOD PROCESSING

Issued Ordinary Capital*

:

$1,325,001.00 U.S. DOLLAR, NO. OF SHARE : 1,325,001

Issued Preference Capital

:

NA

Paid-Up Ordinary Capital

:

$1,325,001.00 U.S. DOLLAR

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

:

1

No. of Local Associates

:

NA

Auditor

:

MGI SINGAPORE PAC

Bankers / Financiers

:

STANDARD CHARTERED BANK

Turnover

:

SINGAPORE, DOLLARS 122,082,596.45 (FY2011)

Net Worth

:

SINGAPORE, DOLLARS 26,777,279.39 (FY2011)

No. of Bank Charges

:

2

No. of Litigation Suits

:

NA

S1000 / SME 1000 / FG50 Ranking

:

1530 POSITION IN Singapore 1000 Companies Ranked by Sales/Turnover (2009/2010)

1378 POSITION IN Singapore 1000 Companies Ranked by Sales/Turnover (2008/2009)

1121 POSITION IN Singapore 1000 Companies Ranked by Net Profit (2008/2009)

360 POSITION IN Singapore 1000 Companies Ranked by Return on Equities (2008/2009)

320 POSITION IN Singapore 1000 Companies Ranked by Return on Equities (2007/2008)

Compounded Annual Growth Rate (CAGR)

:

14.27% (5 years)

 

 

SHAREHOLDER DETAILS

 

NAME

:

RAJKUMAR IMPEX PRIVATE LIMITED

SHAREHOLDER ID

:

T06UF1510F

NATIONALITY

:

INDIA

ADDRESS

:

B-603. KESHAV DUGAR APARTMENTS NO.1 EAST AVENUE OFF GREENWAYS ROAD, KESHAV PERUMAL PURAM RA PURAM CHENNAI 600 02

NO. OF ORD SHARES

:

1,300,000

% OF SHAREHOLDING

:

98.1%

CURRENCY

:

U.S. DOLLAR

 

NAME

:

RAJKUMAR VENKATESAN

SHAREHOLDER ID

:

S2762820F

NATIONALITY

:

SINGAPORE P.R.

ADDRESS

:

88 JELLICOE ROAD #38-22 CITYLIGHTS SINGAPORE 208747

NO. OF ORD SHARES

:

25,000

% OF SHAREHOLDING

:

1.9%

CURRENCY

:

U.S. DOLLAR

 

NAME

:

MRS. RAJKUMAR JAI

SHAREHOLDER ID

:

S7269471F

NATIONALITY

:

SINGAPORE P.R.

ADDRESS

:

88 JELLICOE ROAD #38-22 CITYLIGHTS SINGAPORE 208747

NO. OF ORD SHARES

:

1

% OF SHAREHOLDING

:

0%

CURRENCY

:

U.S. DOLLAR

 

OFFICER DETAILS

 

NAME

:

TONY CHUA CHWEE BOCK

ADDRESS

:

17 TELOK BLANGAH CRESCENT #19-282 SINGAPORE 090017

POSITION

:

SECRETARY

DATE OF APPT

:

14/03/2008

NATIONALITY

:

SINGAPORE CITIZEN

I/C PASSPORT

:

S0019417D

 

NAME

:

RAJKUMAR VENKATESAN

ADDRESS

:

88 JELLICOE ROAD #38-22 CITYLIGHTS SINGAPORE 208747

POSITION

:

DIRECTOR

DATE OF APPT

:

08/10/2005

NATIONALITY

:

SINGAPORE P.R.

I/C PASSPORT

:

S2762820F

 

NAME

:

MRS. RAJKUMAR JAI

ADDRESS

:

88 JELLICOE ROAD #38-22 CITYLIGHTS SINGAPORE 208747

POSITION

:

DIRECTOR

DATE OF APPT

:

13/12/2006

NATIONALITY

:

SINGAPORE P.R.

I/C PASSPORT

:

S7269471F

 

 

KEY PERSONNEL PROFILE

 

Name:

RAJKUMAR VENKATESAN

NRIC Number:

S2762820F

Available Address:

88 JELLICOE ROAD #38-22 CITYLIGHTS  SINGAPORE 208747

 

Current Business Interest

No.

Name

Position

Appt Date

#of Share

%

1

RALS INTERNATIONAL PTE. LTD.

DIRECTOR

08/10/2005

25000

1.88

2

RALS SINGAPORE PTE. LTD.

DIRECTOR

09/09/2004

-

-

 

Previous Business

No.

Name

 

 

Status

Position

Appt Date

Last Known Inactive Date

No Trace

 

 

 

 

 

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 (%)

 

RALS SINGAPORE PTE. LTD.

99.99

                                                                                                                       

 

BANKERS/ FINANCIERS

 

Subject enjoys a normal banking routine with its bankers. To date, there have been 2 bank charges registered against Subject by its bankers. The charge numbers are:

 

1)

Charge No.

:

C200805233

 

Date of Registration

:

10/06/2008

 

Chargee

:

STANDARD CHARTERED BANK

 

Amount Secured  and Currency

:

All Monies

 

Address

:

6 BATTERY ROAD SINGAPORE 049909

 

2)

Charge No.

:

C200603677

 

Date of Registration

:

08/06/2006

 

Chargee

:

STANDARD CHARTERED BANK

 

Amount Secured  and Currency

:

All Monies

 

Address

:

6 BATTERY ROAD SINGAPORE 049909

 

 

LITIGATION

 

Clear

 

 

COMPLIANCE

 

Date of Last AGM

:

22/11/2011

Date of Last AR

:

22/12/2011

Date of A/C Laid At Last AGM

:

31/03/2011
 

 

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

 

MAR 2011

% Change

MAR 2010

MAR 2009

MAR 2008

Currency

SGD - SIN

 

SGD - SIN

SGD - SIN

SGD - SIN

Profit and Loss Key Figures

 

 

 

 

 

Turnover

122,082,596

4.28

117,072,703

109,094,257

144,168,892

Profit/(Loss) Before Tax

7,808,608

-2.08

7,974,452

11,631,120

5,023,448

Profit After Tax attributable to Shareholders

7,215,361

-5.79

7,659,078

10,937,738

4,159,032

 

 

 

 

 

 

Balance Sheet Key Figures

 

 

 

 

 

Total Assets

71,883,712

20.37

59,717,565

56,931,230

45,738,276

Current Assets

64,067,473

18.92

53,873,649

52,446,681

44,931,798

Non Current Assets

7,816,239

33.75

5,843,916

4,484,549

806,478

 

 

 

 

 

 

Total Liabilities

45,106,432

20.09

37,560,821

38,805,656

38,636,425

Current Liabilities

45,106,432

20.09

37,560,821

38,805,656

38,636,425

Non Current Liabilities

0

NA

0

0

0

 

 

 

 

 

 

Shareholders' Funds

26,777,279

20.85

22,156,745

18,125,574

7,101,851

Share Capital

1,759,601

-6.82

1,888,315

1,911,115

1,963,563

Total Reserves

25,017,678

23.43

20,268,430

16,214,459

5,138,288

 

 

 

 

FINANCIAL RATIOS

 

 

Group

 

MAR 2011

MAR 2010

MAR 2009

MAR 2008

Growth %

 

 

 

 

Year-on-Year Growth

4.28

7.31

-24.33

NA

 

 

 

 

 

Profitability

 

 

 

 

Profit Margin (%)

5.91

6.54

10.03

2.88

Return on Equity (%)

26.95

34.57

60.34

58.56

Return on Assets (%)

10.04

12.83

19.21

9.09

 

 

 

 

 

Leverage

 

 

 

 

Total Debt/Equity (Times)

1.68

1.70

2.14

5.44

Current Debt/Equity (Times)

1.68

1.70

2.14

5.44

Long Term Debt To Equity (Times)

NA

NA

NA

NA

Total Asset To Total Equity (Times)

2.68

2.70

3.14

6.44

 

 

 

 

 

Asset Management

 

 

 

 

Total Assets Turnover (Times)

1.70

1.96

1.92

3.15

Fixed Assets Turnover (Times)

15.62

20.03

24.33

178.76

 

 

 

 

 

Liquidity

 

 

 

 

Current Ratio (Times)

1.42

1.43

1.35

1.16

 

 

FINANCIAL HIGHLIGHTS

 

Financial Figures

Company

 

MAR 2011

% Change

MAR 2010

MAR 2009

MAR 2008

Currency

SGD - SIN

 

SGD - SIN

SGD - SIN

SGD - SIN

Profit and Loss Key Figures

 

 

 

 

 

Turnover

137,889,879

2.99

133,889,231

170,491,749

169,096,620

Profit/(Loss) Before Tax

4,596,074

-21.82

5,878,597

6,228,835

4,959,078

Profit After Tax attributable

 to Shareholders

4,002,827

-28.49

5,597,614

5,621,249

4,100,667

 

 

 

 

 

 

Balance Sheet Key Figures

 

 

 

 

 

Total Assets

71,894,058

57.44

45,664,391

45,911,733

43,859,722

Current Assets

69,609,366

61.10

43,209,249

43,421,431

41,156,465

Non Current Assets

2,284,693

-6.94

2,455,142

2,490,302

2,703,257

 

 

 

 

 

 

Total Liabilities

53,533,003

76.93

30,255,872

33,689,027

37,077,098

Current Liabilities

53,533,003

76.93

30,255,872

33,689,027

37,077,098

Non Current Liabilities

0

NA

0

0

0

 

 

 

 

 

 

Shareholders' Funds

18,361,055

19.16

15,408,520

12,222,706

6,782,624

Share Capital

1,759,601

-6.82

1,888,315

1,911,115

1,963,563

Total Reserves

16,601,454

22.79

13,520,205

10,311,591

4,819,061

 

 

FINANCIAL RATIOS 

 

 

Company

 

MAR 2011

MAR 2010

MAR 2009

MAR 2008

Growth %

 

 

 

 

Year-on-Year Growth

2.99

-21.47

0.83

NA

 

 

 

 

 

Profitability

 

 

 

 

Profit Margin (%)

2.90

4.18

3.30

2.43

Return on Equity (%)

21.80

36.33

45.99

60.46

Return on Assets (%)

5.57

12.26

12.24

9.35

 

 

 

 

 

Leverage

 

 

 

 

Total Debt/Equity (Times)

2.92

1.96

2.76

5.47

Current Debt/Equity (Times)

2.92

1.96

2.76

5.47

Long Term Debt To Equity (Times)

0.00

0.00

0.00

0.00

Total Asset To Total Equity (Times)

3.92

2.96

3.76

6.47

 

 

 

 

 

Asset Management

 

 

 

 

Total Assets Turnover (Times)

1.92

2.93

3.71

3.86

Fixed Assets Turnover (Times)

60.35

54.53

68.46

62.55

 

 

 

 

 

Liquidity

 

 

 

 

Current Ratio (Times)

1.30

1.43

1.29

1.11

 

 

 

 

FINANCIAL COMMENTARY

 

Compound Annual Growth Rate

The company's CAGR is 14.27% (5 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 5.91 per cent in FY11 (FY10: 6.54 per cent). The group is now able to book in SINGAPORE, DOLLARS 0.06 of profit for every SINGAPORE, DOLLARS of sales in FY11, as compared with SINGAPORE, DOLLARS 0.07 a year ago.

 

Liquidity

Current ratio stood at 1.42 times in FY11 (FY10: 1.43 times). This means that the group has SINGAPORE, DOLLARS 1.42 of current assets for every SINGAPORE, DOLLARS 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

Total debt-to-equity ratio notched 1.68 times in FY11, compared with 1.70 times in FY10. This means that the group requires additional external financing of SINGAPORE, DOLLARS 1.68 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 26.95 per cent for Subject in the current financial period, as compared to 34.57 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 10.04 per cent (FY10: 12.83 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 1.70 times in FY11 (FY10: 1.96 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.53.12

UK Pound

1

Rs.85.15

Euro

1

Rs.68.60

 

INFORMATION DETAILS

 

Report Prepared by :

MNL

 

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%)

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