MIRA INFORM REPORT

Report Date :

28.06.2013

IDENTIFICATION DETAILS

Name :	RAINBOW INTERTRADE PTE. LTD.
Formerly Known As :	GEMINI INTERTRADE PTE. LTD.
Registered Office :	54 Genting Lane #06-01 Ruby Land Complex Singapore 349562
Country :	Singapore
Financials (as on) :	31.03.2012
Date of Incorporation :	14.01.2008
Com. Reg. No.:	200801034E
Legal Form :	Limited Private Company
Line of Business :	General wholesale trade (including general importers and exporters) (We tried to confirm / obtain the detailed activity but the same is not available from any sources )
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 :	Slow
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 31^st, 2013

Country Name	Previous Rating (31.12.2012)	Current Rating (31.03.2013)
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 0.8% in 2009 as a result of the global financial crisis, but rebounded 14.8% in 2010, on the strength of renewed exports, before slowing to 5.2% in 2011 and 1.3% in 2012, largely a result of soft demand for exports during the second European recession. Over the longer term, the government hopes to establish a new growth path that focuses on raising productivity, which has sunk to an average of about 1.0% 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:
RAINBOW INTERTRADE PTE. LTD.	200801034E

Date Incorporated:	Registered Office:	Telephone Number:
14/01/2008	54 GENTING LANE #06-01 RUBY LAND COMPLEX SINGAPORE 349562	NA
Age of Company:	Website:	Industry Type:
5	NA	NA

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): 0
Industry DTC
23

Directors		Corporate Structure
Number of Current Directors	3	Holding Company:	GEMINI POWER HYDRAULICS PRIVATE LIMITED
Number that are shareholders	1	No. of Subsidiaries & Associated Companies:	NA

EXECUTIVE SUMMARY

Company Name	:	RAINBOW INTERTRADE PTE. LTD.
Registration No	:	200801034E
Date of Registration	:	14/01/2008
Former Name	:	GEMINI INTERTRADE PTE. LTD. Eff. date : 14/01/2008
Date of Change of Name	:	26/02/2008
Type of Company	:	LIMITED PRIVATE COMPANY
Registered Address	:	54 GENTING LANE #06-01 RUBY LAND COMPLEX SINGAPORE 349562
Date of Change of Address	:	14/01/2008
Contact No.	:	NA
Fax No.	:	NA
Website	:	NA
Registered Activities	:	GENERAL WHOLESALE TRADE (INCLUDING GENERAL IMPORTERS AND EXPORTERS)
Issued Ordinary Capital*	:	$14,500.00 SINGAPORE, DOLLARS ,NO. OF SHARE : 14,500
Issued Preference Capital	:	NA
Paid-Up Ordinary Capital	:	$14,500.00 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	:	STRATEGIC AUDIT ALLIANCE PAC
Bankers / Financiers	:	NA
Turnover	:	SGD - SIN 2,222,471.00 (FY2012)
Net Worth	:	SGD - SIN 280,272.00 (FY2012)
No. of Bank Charges	:	NA
No. of Litigation Suits	:	NA

S1000 / SME 1000 / FG50 Ranking	:	No found for SINGAPORE 1000 and SME 1000
Compounded Annual Growth Rate (CAGR)	:	51.93% (4 years)

SHAREHOLDER DETAILS

NAME	:	GEMINI POWER HYDRAULICS PRIVATE LIMITED
SHAREHOLDER ID	:	T07UF2674G
NATIONALITY	:	NA
ADDRESS	:	GEMINI HOUSE, BUS DEPOT LANE, DEONAR, MUMBAI 400088
NO. OF ORD SHARES	:	14,500
% OF SHAREHOLDING	:	100%
CURRENCY	:	SINGAPORE, DOLLARS

OFFICER DETAILS

NAME	:	SARIKA SETHI
ADDRESS	:	418, D.K. SANDU MARG, CHEMBUR, MUMBAI 400071, INDIA
POSITION	:	DIRECTOR
DATE OF APPT	:	14/01/2008
NATIONALITY	:	INDIAN
I/C PASSPORT	:	F0256467
NAME	:	RAJIV SETHI
ADDRESS	:	418, D.K. SANDU MARG, CHEMBUR, MUMBAI 400071, INDIA
POSITION	:	DIRECTOR
DATE OF APPT	:	14/01/2008
NATIONALITY	:	INDIAN
I/C PASSPORT	:	F0256468
NAME	:	NEO LAY HIANG PAMELA
ADDRESS	:	28 JALAN JORAN SELETAR HILLS ESTATE SINGAPORE 809095
POSITION	:	SECRETARY
DATE OF APPT	:	14/01/2008
NATIONALITY	:	SINGAPORE CITIZEN
I/C PASSPORT	:	S1464993Z
NAME	:	VANGOOR GOVINDARAJAN BALACHANDER
ADDRESS	:	7 SUNRISE CLOSE SUNRISE VILLA SINGAPORE 806604
POSITION	:	DIRECTOR
DATE OF APPT	:	14/01/2008
NATIONALITY	:	SINGAPORE CITIZEN
I/C PASSPORT	:	S6879076Z
NAME	:	CAROLE BOO MEOW SIANG
ADDRESS	:	719 PASIR RIS STREET 72 #06-95 SINGAPORE 510719
POSITION	:	SECRETARY
DATE OF APPT	:	14/01/2008
NATIONALITY	:	SINGAPORE CITIZEN
I/C PASSPORT	:	S7214847I

KEY PERSONNEL PROFILE

Name:	SARIKA SETHI
NRIC Number:	F0256467
Available Address:	418, D.K. SANDU MARG, CHEMBUR, MUMBAI 400071, INDIA

Current Business Interest

No.	Name	Position	Appt Date	#of Share	%
1	RAINBOW INTERTRADE PTE. LTD.	DIRECTOR	14/01/2008	-	NA

Previous Business

No.	Name	Status	Position	Appt Date	Last Known Inactive Date
1	RGSA INTERTRADE PTE. LTD.	STRUCK OFF	DIRECTOR	02/08/2007	-

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 are no bank charges registered against Subject by its bankers.

LITIGATION

Clear

COMPLIANCE

Date of Last AGM	:	28/09/2012
Date of Last AR	:	23/10/2012
Date of A/C Laid At Last AGM	:	31/03/2012

COMPLIANCE RATING FOR ANNUAL FILING

ANNUAL GENERAL MEETING, ANNUAL RETURN AND ACCOUNTS UP-TO-DATE

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	Company
	MAR 2012	DEC 2010	DEC 2009	DEC 2008
Currency	SGD - SIN	SGD - SIN	SINGAPORE, DOLLARS
Profit and Loss Key Figures
Turnover	2,222,471	1,246,292	527,878	417,175
Profit/(Loss) Before Tax	131,104	64,606	26,327	86,096
Profit After Tax attributable to Shareholders	121,207	59,561	24,316	78,604
Balance Sheet Key Figures
Total Assets	687,943	471,184	282,799	105,623
Current Assets	687,943	471,184	282,799	105,623
Non Current Assets	0	0	0	0
Total Liabilities	407,671	298,790	162,143	12,204
Current Liabilities	407,671	298,790	162,143	12,204
Non Current Liabilities	0	0	0	0
Shareholders' Funds	280,272	172,393	120,655	93,419
Share Capital	13,183	14,288	15,279	14,816
Total Reserves	267,089	158,105	105,377	78,604

FINANCIAL RATIOS

	Company
	MAR 2012	DEC 2010	DEC 2009	DEC 2008
Growth %
Year-on-Year Growth	NA	136.09	26.54	NA
Profitability
Profit Margin (%)	5.45	4.78	4.61	18.84
Return on Equity (%)	43.25	34.55	20.15	84.14
Return on Assets (%)	17.62	12.64	8.60	74.42
Leverage
Total Debt/Equity (Times)	1.45	1.73	1.34	0.13
Current Debt/Equity (Times)	1.45	1.73	1.34	0.13
Long Term Debt To Equity (Times)	0.00	0.00	0.00	0.00
Total Asset To Total Equity (Times)	2.45	2.73	2.34	1.13
Asset Management
Total Assets Turnover (Times)	3.23	2.65	1.87	3.95
Fixed Assets Turnover (Times)	0.00	0.00	0.00	0.00
Liquidity
Current Ratio (Times)	1.69	1.58	1.74	8.65

FINANCIAL COMMENTARY

Compound Annual Growth Rate

The company's CAGR is 51.93% (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 5.45 per cent in FY12. The company is now able to book in SGD - SIN 0.05 of profit for every SGD - SIN of sales.

FINANCIAL COMMENTARY

Liquidity

Current ratio stood at 1.69 times in FY12. This means that the company has SGD - SIN 1.69 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

Total debt-to-equity ratio notched 1.45 times in FY12. This means that the company requires additional external financing of SGD - SIN 1.45 for every SGD - SIN 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.

FINANCIAL COMMENTARY

Efficiency Ratio

Return on equity was 43.25 per cent for Subject in the current financial period. 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 17.62 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 3.23 times in FY12. 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.59.70
UK Pound	1	Rs.92.25
Euro	1	Rs.78.38

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.