|
Report Date : |
24.10.2013 |
IDENTIFICATION DETAILS
|
Name : |
AURIONPRO SCM PTE. LTD. |
|
|
|
|
Registered Office : |
|
|
|
|
|
Country : |
|
|
|
|
|
Financials (as on) : |
31.03.2013 |
|
|
|
|
Date of Incorporation : |
09.11.2009 |
|
|
|
|
Com. Reg. No.: |
200920948-R |
|
|
|
|
Legal Form : |
Private Limited |
|
|
|
|
Line of Business : |
Wholesale of Computer Software |
|
|
|
|
No. of Employees : |
7 |
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 : |
Slow but correct |
|
|
|
|
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, 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 |
|
* Adopted abbreviations : |
SC - Subject Company (the company enquired
by you) |
|
|
|
|
N/A - Not Applicable |
|
REGISTRATION NO. |
: |
200920948-R |
|
COMPANY NAME |
: |
AURIONPRO SCM PTE. LTD. |
|
FORMER NAME |
: |
N/A |
|
INCORPORATION DATE |
: |
09/11/2009 |
|
COMPANY STATUS |
: |
EXIST |
|
LEGAL FORM |
: |
PRIVATE LIMITED |
|
LISTED STATUS |
: |
NO |
|
REGISTERED ADDRESS |
: |
39 ROBINSON ROAD, 07-01, ROBINSON POINT, 068911, SINGAPORE. |
|
BUSINESS ADDRESS |
: |
39 ROBINSON ROAD, 07-01, ROBINSON POINT, 068911, SINGAPORE. |
|
TEL.NO. |
: |
65-65364852 |
|
FAX.NO. |
: |
65-65364864 |
|
WEB SITE |
: |
WWW.AURIONPRO.COM |
|
CONTACT PERSON |
: |
SUJATA ( STAFF ) |
|
PRINCIPAL ACTIVITY |
: |
WHOLESALE OF COMPUTER SOFTWARE |
|
ISSUED AND PAID UP CAPITAL |
: |
885,000.00 ORDINARY SHARE, OF A VALUE OF USD 885,000.00 |
|
SALES |
: |
USD 3,346,469 [2013] |
|
NET WORTH |
: |
USD 4,124,495 [2013] |
|
STAFF STRENGTH |
: |
7 [2013] |
|
LITIGATION |
: |
CLEAR |
|
FINANCIAL CONDITION |
: |
FAIR |
|
PAYMENT |
: |
POOR |
|
MANAGEMENT CAPABILITY |
: |
AVERAGE |
|
COMMERCIAL RISK |
: |
N/A |
|
CURRENCY EXPOSURE |
: |
N/A |
|
GENERAL REPUTATION |
: |
SATISFACTORY |
|
INDUSTRY OUTLOOK |
: |
MARGINAL GROWTH |
The SC is a private limited company and is allowed to have a minimum of
one and a maximum of forty-nine shareholders. As a private limited company, the
SC must have at least two directors. A private limited company is a separate
legal entity from its shareholders. As a separate legal entity, the SC is
capable of owning assets, entering into contracts, sue or be sued by other
companies. The liabilities of the shareholders are to the extent of the equity
they have taken up and the creditors cannot claim on shareholders' personal
assets even if the SC is insolvent. The SC is governed by the Companies Act and
the company must file its annual returns, together with its financial
statements with the Registrar of Companies.
The SC is principally engaged in the (as a / as an) wholesale of
computer software.
The immediate and ultimate holding company of the SC is AURIONPRO
SOLUTIONS LTD., a company incorporated in INDIA.
The major shareholder(s) of the SC are shown as follows :
|
Name |
Address |
IC/PP/Loc No |
Shareholding |
(%) |
|
AURIONPRO SOLUTIONS LTD. |
404, WINCHESTER, HIGH STREET, HIRANANDANI BUSINESS PARK, POWAI, MUMBAI
, 400076, INDIA. |
T03UF2941 |
885,000.00 |
100.00 |
|
|
|
|
--------------- |
------ |
|
|
|
|
885,000.00 |
100.00 |
|
|
|
|
============ |
===== |
+ Also Director
DIRECTOR 1
|
Name Of Subject |
: |
MS. V VASANTHI |
|
Address |
: |
512, PASIR RIS STREET 52, 09 - 123, 510512, SINGAPORE. |
|
IC / PP No |
: |
S2183144A |
|
Nationality |
: |
SINGAPOREAN |
|
Date of Appointment |
: |
09/11/2009 |
DIRECTOR 2
|
Name Of Subject |
: |
MR. JADHAV DHANANJAY BALKRISHNA |
|
Address |
: |
12, UPPER SERANGOON VIEW, 02-07, RIO VISTA, 534199, SINGAPORE. |
|
IC / PP No |
: |
S7165131B |
|
Nationality |
: |
SINGAPOREAN |
|
Date of Appointment |
: |
09/11/2009 |
|
1) |
Name of Subject |
: |
SUJATA |
|
|
Position |
: |
STAFF |
|
|
|
|
|
|
2) |
Name of Subject |
: |
V VASANTHI |
|
|
Position |
: |
DIRECTOR |
|
Auditor |
: |
S.RENGANATHAN & CO. |
|
Auditor' Address |
: |
N/A |
|
1) |
Company Secretary |
: |
PATHIMA MUNEERA AZMI |
|
|
IC / PP No |
: |
S2715498J |
|
|
Address |
: |
122, JURONG EAST STREET 13, 02-31, IVORY HEIGHTS, 600122, SINGAPORE. |
|
|
|
|
|
|
2) |
Company Secretary |
: |
CHENG LIAN SIANG |
|
|
IC / PP No |
: |
S1519832Z |
|
|
Address |
: |
7, SIN MING WALK, 20-17, THE GARDENS AT BISHAN, 575577, SINGAPORE. |
No Banker found in our databank.
No encumbrance was found in our databank at the time of investigation.
* A check has been conducted in our databank againt the SC whether the subject
has been involved in any litigation.
No legal action was found in our databank.
No winding up petition was found in our databank.
|
SOURCES OF RAW MATERIALS: |
||
|
Local |
: |
N/A |
|
Overseas |
: |
N/A |
The SC refused to disclose its supplier.
The SC refused to provide any name of trade/service supplier and we are unable
to conduct any trade enquiry. However, from financial historical data we
conclude that :
|
OVERALL PAYMENT HABIT |
||||||||||||||
|
Prompt 0-30 Days |
[ |
|
] |
|
Good 31-60 Days |
[ |
|
] |
|
Average 61-90 Days |
[ |
|
] |
|
|
Fair 91-120 Days |
[ |
|
] |
|
Poor >120 Days |
[ |
X |
] |
|
|
|
|
|
|
|
Local |
: |
N/A |
|
Overseas |
: |
N/A |
The SC refused to disclose its clientele.
|
Goods Traded |
: |
COMPUTER SOFTWARE
|
|
|
|
|
|
|
Total Number of Employees: |
|||||||||
|
YEAR |
2013 |
|
|||||||
|
GROUP |
N/A |
|
|
|
|
|
|
|
|
|
COMPANY |
7 |
|
|
|
|
|
|
|
|
|
Branch |
: |
NO
|
Other Information:
The SC is principally engaged in the (as a / as an) wholesale of computer
software.
The SC refused to disclose its operation.
Latest fresh investigations carried out on the SC indicated that :
|
Telephone Number Provided By Client |
: |
N/A |
|
Current Telephone Number |
: |
65-65364852 |
|
Match |
: |
N/A |
|
|
|
|
|
Address Provided by Client |
: |
39, ROBINSON ROAD, 07-01 ROBINSON POINT SINGAPORE 068911 |
|
Current Address |
: |
39 ROBINSON ROAD, 07-01, ROBINSON POINT, 068911, SINGAPORE. |
|
Match |
: |
YES |
Other Investigations
On 22nd October 2013, we contacted one of the staff from SC. She only provided
limited information on the SC.
|
Profitability |
|
|
|
|
|
|
|
Turnover |
: |
Increased |
[ |
20.87% |
] |
|
|
Profit/(Loss) Before Tax |
: |
Increased |
[ |
127.92% |
] |
|
|
Return on Shareholder Funds |
: |
Favourable |
[ |
41.87% |
] |
|
|
Return on Net Assets |
: |
Favourable |
[ |
39.21% |
] |
|
|
|
|
|
|
|
|
|
|
The higher turnover could be attributed to the favourable market
condition and the SC could be gaining the market share progressively.The
higher profit could be attributed to the increase in turnover. Generally the
SC was profitable. The favourable return on shareholders' funds and return on
net assets indicate that the SC's management was efficient in utilising the
assets to generate returns. |
||||||
|
|
|
|
|
|
|
|
|
Working Capital Control |
|
|
|
|
|
|
|
Stock Ratio |
: |
Nil |
[ |
0 Days |
] |
|
|
Debtor Ratio |
: |
Favourable |
[ |
39 Days |
] |
|
|
Creditors Ratio |
: |
Unfavourable |
[ |
126 Days |
] |
|
|
|
|
|
|
|
|
|
|
As the SC is a service oriented company, the SC does not need to keep
stocks. The favourable debtors' days could be due to the good credit control
measures implemented by the SC. The unfavourable creditors' ratio could be
due to the SC taking advantage of the credit granted by its suppliers.
However this may affect the goodwill between the SC and its suppliers and the
SC may inadvertently have to pay more for its future supplies. |
||||||
|
|
|
|
|
|
|
|
|
Liquidity |
|
|
|
|
|
|
|
Liquid Ratio |
: |
Unfavourable |
[ |
0.54 Times |
] |
|
|
Current Ratio |
: |
Unfavourable |
[ |
0.54 Times |
] |
|
|
|
|
|
|
|
|
|
|
A low liquid ratio means that the SC may be facing working capital
deficiency. If the SC cannot obtain additional financing or injection of
fresh capital, it may face difficulties in meeting its short term
obligations. |
||||||
|
|
|
|
|
|
|
|
|
Solvency |
|
|
|
|
|
|
|
Interest Cover |
: |
Favourable |
[ |
25.80 Times |
] |
|
|
Gearing Ratio |
: |
Favourable |
[ |
0.00 Times |
] |
|
|
|
|
|
|
|
|
|
|
The interest cover showed that the SC was able to service the
interest. The favourable interest cover could indicate that the SC was making
enough profit to pay for the interest accrued. The SC had no gearing and
hence it had virtually no financial risk. The SC was financed by its
shareholders' funds and internally generated fund. During the economic
downturn, the SC, having a zero gearing, will be able to compete better than
those which are highly geared in the same industry. |
||||||
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Overall Assessment : |
|
|
|
|
|
|
|
Generally, the SC's performance has improved with higher turnover and
profit. Due to its weak liquidity position, the SC will be faced with
problems in meeting all its short term obligations if no short term loan is
obtained or additional capital injected into the SC. With the favourable
interest cover, the SC could be able to service all the accrued interest
without facing any difficulties. The SC was a zero gearing company, it was
solely dependant on its shareholders to provide funds to finance its
business. The SC has good chance of getting loans, if the needs arises. |
||||||
|
|
|
|
|
|
|
|
|
Overall financial condition of the SC : FAIR |
||||||
|
Major Economic Indicators : |
2008 |
2009 |
2010 |
2011 |
2012 |
|
|
|
|
|
|
|
|
Population (Million) |
4.84 |
4.98 |
5.08 |
5.18 |
5.31 |
|
Gross Domestic Products ( % ) |
1.5 |
<0.8> |
14.5 |
4.9 |
1.3 |
|
Consumer Price Index |
6.6 |
0.6 |
2.8 |
5.2 |
4.6 |
|
Total Imports (Million) |
450,892.6 |
356,299.3 |
423,221.8 |
459,655.1 |
474,554.0 |
|
Total Exports (Million) |
476,762.2 |
391,118.1 |
478,840.7 |
514,741.2 |
510,329.0 |
|
|
|
|
|
|
|
|
Unemployment Rate (%) |
2.2 |
3.2 |
2.2 |
2.1 |
2.0 |
|
Tourist Arrival (Million) |
10.12 |
9.68 |
11.64 |
13.17 |
14.37 |
|
Hotel Occupancy Rate (%) |
81.0 |
75.8 |
85.6 |
86.5 |
86.4 |
|
Cellular Phone Subscriber (Million) |
1.31 |
1.37 |
1.43 |
1.50 |
1.52 |
|
|
|
|
|
|
|
|
Registration of New Companies (No.) |
25,327 |
26,414 |
29,798 |
32,317 |
31,892 |
|
Registration of New Companies (%) |
<2.2> |
4.3 |
12.8 |
8.5 |
<1.3> |
|
Liquidation of Companies (No.) |
10,493 |
22,393 |
15,126 |
19,005 |
17,218 |
|
Liquidation of Companies (%) |
13.7 |
113.4 |
<32.5> |
25.6 |
9.4 |
|
|
|
|
|
|
|
|
Registration of New Businesses (No.) |
24,850 |
26,876 |
23,978 |
23,494 |
24,788 |
|
Registration of New Businesses (%) |
0.36 |
8.15 |
<10.78> |
2.02 |
5.51 |
|
Liquidation of Businesses (No.) |
21,150 |
23,552 |
24,211 |
23,005 |
22,489 |
|
Liquidation of Businesses (%) |
<0.8> |
11.4 |
2.8 |
<5> |
<2.2> |
|
|
|
|
|
|
|
|
Bankruptcy Orders (No.) |
2,326 |
2,058 |
1,537 |
1,527 |
1,748 |
|
Bankruptcy Orders (%) |
<15.9> |
<11.5> |
<25.3> |
<0.7> |
14.5 |
|
Bankruptcy Discharges (No.) |
1,500 |
3,056 |
2,252 |
1,391 |
1,881 |
|
Bankruptcy Discharges (%) |
<7.7> |
103.7 |
<26.3> |
<38.2> |
35.2 |
|
|
|
|
|
|
|
|
INDUSTRIES ( % of Growth ) : |
|
|
|
|
|
|
Agriculture |
|
|
|
|
|
|
Production of Principal Crops |
<0.32> |
3.25 |
<0.48> |
4.25 |
3.64 |
|
Fish Supply & Wholesale |
<6.31> |
<1.93> |
<10.5> |
12.10 |
<0.5> |
|
|
|
|
|
|
|
|
Manufacturing * |
74.6 |
71.5 |
92.8 |
100.0 |
100.3 |
|
Food, Beverages & Tobacco |
94.8 |
90.4 |
96.4 |
100.0 |
103.5 |
|
Textiles |
180.1 |
145.9 |
122.1 |
100.0 |
104.0 |
|
Wearing Apparel |
334.6 |
211.0 |
123.3 |
100.0 |
92.1 |
|
Leather Products & Footwear |
128.2 |
79.5 |
81.8 |
100.0 |
98.6 |
|
Wood & Wood Products |
132.0 |
101.4 |
104.0 |
100.0 |
95.5 |
|
Paper & Paper Products |
101.0 |
95.4 |
106.1 |
100.0 |
97.4 |
|
Printing & Media |
118.2 |
100.9 |
103.5 |
100.0 |
93.0 |
|
Crude Oil Refineries |
113.1 |
96.4 |
95.6 |
100.0 |
99.4 |
|
Chemical & Chemical Products |
84.5 |
80.3 |
97.6 |
100.0 |
100.5 |
|
Pharmaceutical Products |
43.7 |
49.1 |
75.3 |
100.0 |
109.7 |
|
Rubber & Plastic Products |
120.1 |
101.2 |
112.3 |
100.0 |
96.5 |
|
Non-metallic Mineral |
96.5 |
91.9 |
92.5 |
100.0 |
98.2 |
|
Basic Metals |
109.8 |
92.6 |
102.2 |
100.0 |
90.6 |
|
Fabricated Metal Products |
101.3 |
90.8 |
103.6 |
100.0 |
104.3 |
|
Machinery & Equipment |
65.0 |
57.3 |
78.5 |
100.0 |
112.9 |
|
Electrical Machinery |
81.7 |
86.8 |
124.1 |
100.0 |
99.3 |
|
Electronic Components |
93.1 |
85.2 |
113.6 |
100.0 |
90.6 |
|
Transport Equipment |
102.0 |
96.0 |
94.0 |
100.0 |
106.3 |
|
|
|
|
|
|
|
|
Construction |
45.90 |
<36.9> |
14.20 |
20.50 |
28.70 |
|
Real Estate |
<11.2> |
1.4 |
21.3 |
25.4 |
31.9 |
|
|
|
|
|
|
|
|
Services |
|
|
|
|
|
|
Electricity, Gas & Water |
<1.3> |
1.70 |
4.00 |
7.00 |
6.30 |
|
Transport, Storage & Communication |
11.60 |
3.90 |
12.80 |
7.40 |
5.30 |
|
Finance & Insurance |
<5.9> |
<16.4> |
<0.4> |
8.90 |
0.50 |
|
Government Services |
17.40 |
4.50 |
9.70 |
6.90 |
6.00 |
|
Education Services |
0.50 |
0.10 |
<0.9> |
<1.4> |
0.30 |
|
|
|
|
|
|
|
|
* Based on Index of Industrial Production (2011 = 100) |
|
|
|
|
|
|
(Source : Department of Statistics) |
|
|
|
|
|
|
INDUSTRY : |
INFORMATION TECHNOLOGY |
|
|
|
|
|
|
|
Singapore's infomation communication services industry is
well-positioned to tap into the new business opportunities of the digital
age. An early mover in infocomm technology, Singapore today ranks as the
second most network-ready country in the world and the first in Asia,
according to the World Economic Forum's "Global Information Technology
Report 2010/2011". The roll out of the Intelligent Nation 2015 Master
Plan and the National Broadband Network will further strengthen Singapore's
infrastructure network. |
|
|
|
|
|
The Intelligent Nation 2015 masterplan lays out the blueprint for
Singapore's infocomm strategies in the digital age, with the creation of some
80,000 jobs and an increase of value-add to SGD 26 billion. Besides, under
the Wireless@SG programme initiated by the Infocomm Development Authority of
Singapore, free wireless broadband connection is made available at public
places till March 31 2013, to encourage usage. |
|
|
|
|
|
More than 80 of the top 100 software and services companies have set
up their regional headquarters in Singapore. Many of them, including the top
15 software companies, have regional or Asia Pacific headquarters here. Some
of the companies who have set up base in Singapore include Alcatel, Cisco,
Crimson Logic, Dell, Hewlett Packard, IBM, Mahindra Satyam, NCS, Oracle, and
Tata Consultancy Services. |
|
|
|
|
|
As such, the highly cyclical tech sector has taken a hit in both its
financial and share price performance. Moving into 2012, the macroeconomic
headwinds will remain strong. Hence tepid growth is expected for the sector,
in tandem with easing global economic conditions. Many of the tech companies
have customers who are adopting cautious sentiment which increases the risk
of order delays and/or pullbacks. |
|
|
|
|
|
This situation is exacerbated by rising cost pressures, as increases
in labour wages, raw material costs and higher interest rates, especially in
China, have culminated in a margin squeeze on companies. Currency volatility
and supply chain disruptions from recent catastrophes have also shrouded the
visibility of the tech sector. |
|
|
|
|
|
In general, tech companies have emerged from the last financial
maelstrom with stronger balance sheets. This should provide them with better
resilience to weather another economic downturn. |
|
|
It is believed that the tech sector still carries good long-term
growth potential, given the increasing importance of IT as a business growth
driver, continued technological innovation and rising affluence in the
region. Stronger growth would likely come from the emerging markets as ample
opportunities exist for continued IT penetration. |
|
|
|
|
|
The share prices of most tech stocks have already corrected sharply in
the year 2011. Although current valuations do not appear demanding, downside
earnings risks exist if the macroeconomic landscape continue to deteriorate
sharper than expectations. On the other hand, cyclical plays could also
potentially benefit from a stronger rebound if the global economy recover
faster-than-expected. The possibility of the first scenario seems more
plausible. |
|
|
|
|
|
OVERALL INDUSTRY OUTLOOK : MARGINAL GROWTH |
|
|
Incorporated in 2009, the SC is a Private Limited company, focusing on
wholesale of computer software. The SC has been in business for 4 years and
it has slowly been building up contact with its clients while competing in
the industry. Having strong support from its holding company has enabled the
SC to remain competitive despite the challenging business environment. The SC
is considered as a medium size company with issued and paid up capital
standing at USD 885,000.
|
|
|
|
THE FINANCIAL STATEMENTS WERE PREPARED IN ACCORDANCE WITH SINGAPORE
FINANCIAL REPORTING STANDARDS. |
|
AURIONPRO SCM PTE. LTD. |
|
Financial Year End |
2013-03-31 |
2012-03-31 |
|
Months |
12 |
12 |
|
Consolidated Account |
Company |
Company |
|
Audited Account |
YES |
YES |
|
Unqualified Auditor's Report (Clean Opinion) |
YES |
YES |
|
Financial Type |
FULL |
FULL |
|
Currency |
USD |
USD |
|
|
|
|
|
TURNOVER |
3,346,469 |
2,768,647 |
|
|
---------------- |
---------------- |
|
Total Turnover |
3,346,469 |
2,768,647 |
|
|
---------------- |
---------------- |
|
|
|
|
|
PROFIT/(LOSS) FROM OPERATIONS |
1,554,416 |
682,002 |
|
|
---------------- |
---------------- |
|
PROFIT/(LOSS) BEFORE TAXATION |
1,554,416 |
682,002 |
|
Taxation |
172,364 |
265,015 |
|
|
---------------- |
---------------- |
|
PROFIT/(LOSS) AFTER TAXATION |
1,726,780 |
947,017 |
|
|
---------------- |
---------------- |
|
RETAINED PROFIT/(LOSS) BROUGHT FORWARD |
|
|
|
As previously reported |
1,512,715 |
565,698 |
|
|
---------------- |
---------------- |
|
As restated |
1,512,715 |
565,698 |
|
|
---------------- |
---------------- |
|
PROFIT AVAILABLE FOR APPROPRIATIONS |
3,239,495 |
1,512,715 |
|
|
---------------- |
---------------- |
|
RETAINED PROFIT/(LOSS) CARRIED FORWARD |
3,239,495 |
1,512,715 |
|
|
============= |
============= |
|
|
|
|
|
INTEREST EXPENSE (as per notes to P&L) |
|
|
|
Others |
62,682 |
- |
|
|
---------------- |
|
|
|
62,682 |
|
|
AURIONPRO SCM PTE. LTD. |
|
ASSETS EMPLOYED: |
|
|
|
FIXED ASSETS |
3,347,607 |
3,102,780 |
|
|
|
|
|
LONG TERM INVESTMENTS/OTHER ASSETS |
|
|
|
Deferred assets |
358,000 |
270,000 |
|
|
---------------- |
---------------- |
|
TOTAL LONG TERM INVESTMENTS/OTHER ASSETS |
358,000 |
270,000 |
|
|
|
|
|
INTANGIBLE ASSETS |
|
|
|
Others |
2,447,978 |
457,978 |
|
|
---------------- |
---------------- |
|
TOTAL INTANGIBLE ASSETS |
2,447,978 |
457,978 |
|
|
---------------- |
---------------- |
|
TOTAL LONG TERM ASSETS |
6,153,585 |
3,830,758 |
|
|
|
|
|
CURRENT ASSETS |
|
|
|
Trade debtors |
357,318 |
96,306 |
|
Other debtors, deposits & prepayments |
727,489 |
751,179 |
|
Amount due from related companies |
1,309,111 |
178,896 |
|
Cash & bank balances |
3,881 |
18,486 |
|
|
---------------- |
---------------- |
|
TOTAL CURRENT ASSETS |
2,397,799 |
1,044,867 |
|
|
---------------- |
---------------- |
|
TOTAL ASSET |
8,551,384 |
4,875,625 |
|
|
============= |
============= |
|
|
|
|
|
CURRENT LIABILITIES |
|
|
|
Trade creditors |
1,155,868 |
948,064 |
|
Other creditors & accruals |
23,363 |
38,508 |
|
Amounts owing to holding company |
3,200,971 |
1,020,000 |
|
Amounts owing to related companies |
46,687 |
1,346,338 |
|
|
---------------- |
---------------- |
|
TOTAL CURRENT LIABILITIES |
4,426,889 |
3,352,910 |
|
|
---------------- |
---------------- |
|
NET CURRENT ASSETS/(LIABILITIES) |
<2,029,090> |
<2,308,043> |
|
|
---------------- |
---------------- |
|
TOTAL NET ASSETS |
4,124,495 |
1,522,715 |
|
|
============= |
============= |
|
|
|
|
|
SHARE CAPITAL |
|
|
|
Ordinary share capital |
885,000 |
10,000 |
|
|
---------------- |
---------------- |
|
TOTAL SHARE CAPITAL |
885,000 |
10,000 |
|
|
|
|
|
RESERVES |
|
|
|
Retained profit/(loss) carried forward |
3,239,495 |
1,512,715 |
|
|
---------------- |
---------------- |
|
TOTAL RESERVES |
3,239,495 |
1,512,715 |
|
|
|
|
|
|
---------------- |
---------------- |
|
SHAREHOLDERS' FUNDS/EQUITY |
4,124,495 |
1,522,715 |
|
|
|
|
|
|
---------------- |
---------------- |
|
|
4,124,495 |
1,522,715 |
|
|
============= |
============= |
|
AURIONPRO SCM PTE. LTD. |
|
TYPES OF FUNDS |
|
|
|
Cash |
3,881 |
18,486 |
|
Net Liquid Funds |
3,881 |
18,486 |
|
Net Liquid Assets |
<2,029,090> |
<2,308,043> |
|
Net Current Assets/(Liabilities) |
<2,029,090> |
<2,308,043> |
|
Net Tangible Assets |
1,676,517 |
1,064,737 |
|
Net Monetary Assets |
<2,029,090> |
<2,308,043> |
|
BALANCE SHEET ITEMS |
|
|
|
Total Borrowings |
0 |
0 |
|
Total Liabilities |
4,426,889 |
3,352,910 |
|
Total Assets |
8,551,384 |
4,875,625 |
|
Net Assets |
4,124,495 |
1,522,715 |
|
Net Assets Backing |
4,124,495 |
1,522,715 |
|
Shareholders' Funds |
4,124,495 |
1,522,715 |
|
Total Share Capital |
885,000 |
10,000 |
|
Total Reserves |
3,239,495 |
1,512,715 |
|
LIQUIDITY (Times) |
|
|
|
Cash Ratio |
0.00 |
0.01 |
|
Liquid Ratio |
0.54 |
0.31 |
|
Current Ratio |
0.54 |
0.31 |
|
WORKING CAPITAL CONTROL (Days) |
|
|
|
Stock Ratio |
0 |
0 |
|
Debtors Ratio |
39 |
13 |
|
Creditors Ratio |
126 |
125 |
|
SOLVENCY RATIOS (Times) |
|
|
|
Gearing Ratio |
0.00 |
0.00 |
|
Liabilities Ratio |
1.07 |
2.20 |
|
Times Interest Earned Ratio |
25.80 |
0.00 |
|
Assets Backing Ratio |
1.89 |
106.47 |
|
PERFORMANCE RATIO (%) |
|
|
|
Operating Profit Margin |
46.45 |
24.63 |
|
Net Profit Margin |
51.60 |
34.21 |
|
Return On Net Assets |
39.21 |
44.79 |
|
Return On Capital Employed |
24.60 |
34.43 |
|
Return On Shareholders' Funds/Equity |
41.87 |
62.19 |
|
Dividend Pay Out Ratio (Times) |
0.00 |
0.00 |
|
NOTES TO ACCOUNTS |
|
|
|
Contingent Liabilities |
0 |
0 |
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.61.53 |
|
|
1 |
Rs.99.75 |
|
Euro |
1 |
Rs.84.75 |
INFORMATION DETAILS
|
Report Prepared
by : |
SDA |
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%)
This report is issued at your request without any
risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL)
or its officials.