|
Report Date : |
24.10.2013 |
IDENTIFICATION DETAILS
|
Name : |
AURIONPRO SOLUTIONS PTE. LTD. |
|
|
|
|
Registered Office : |
39, Robinson Road, 07 - 01, |
|
|
|
|
Country : |
|
|
|
|
|
Financials (as on) : |
31.12.2012 |
|
|
|
|
Date of Incorporation : |
19.06.1999 |
|
|
|
|
Com. Reg. No.: |
199903424-M |
|
|
|
|
Legal Form : |
Private Limited |
|
|
|
|
Line of Business : |
Software Consultancy |
|
|
|
|
No. of Employees : |
10 |
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 – 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. |
: |
199903424-M |
|
COMPANY NAME |
: |
AURIONPRO SOLUTIONS PTE. LTD. |
|
FORMER NAME |
: |
N/A |
|
INCORPORATION DATE |
: |
19/06/1999 |
|
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 |
: |
SOFTWARE CONSULTANCY |
|
ISSUED AND PAID UP CAPITAL |
: |
1,493,799.00 ORDINARY SHARE, OF A VALUE OF SGD 1,493,799.00 |
|
SALES |
: |
USD 2,434,606 [2012] |
|
NET WORTH |
: |
USD 3,328,934 [2012] |
|
STAFF STRENGTH |
: |
10 [2013] |
|
LITIGATION |
: |
CLEAR |
|
FINANCIAL CONDITION |
: |
FAIR |
|
PAYMENT |
: |
FAIR |
|
MANAGEMENT CAPABILITY |
: |
AVERAGE |
|
COMMERCIAL RISK |
: |
LOW |
|
CURRENCY EXPOSURE |
: |
MODERATE |
|
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) software
consultancy.
The ultimate holding company of the SC is AURIOPRO 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 |
1,493,799.00 |
100.00 |
|
|
|
|
--------------- |
------ |
|
|
|
|
1,493,799.00 |
100.00 |
|
|
|
|
============ |
===== |
+ Also Director
DIRECTOR 1
|
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 |
: |
27/08/2008 |
DIRECTOR 2
|
Name Of Subject |
: |
PATHIMA MUNEERA AZMI |
|
Address |
: |
122, JURONG EAST STREET 13, 02-31, IVORY HEIGHTS, 600122, SINGAPORE. |
|
IC / PP No |
: |
S2715498J |
|
Nationality |
: |
SINGAPOREAN |
|
Date of Appointment |
: |
01/02/2013 |
DIRECTOR 3
|
Name Of Subject |
: |
PARESH CHANDULAL ZAVERI |
|
Address |
: |
3, SIGLAP ROAD, 06-23, MANDARIN GARDENS, 448907, SINGAPORE. |
|
IC / PP No |
: |
Z1787499 |
|
Nationality |
: |
INDIAN |
|
Date of Appointment |
: |
25/04/2000 |
|
1) |
Name of Subject |
: |
JADHAV DHANANJAY BALKRISHNA |
|
|
Position |
: |
DIRECTOR |
|
|
|
|
|
|
2) |
Name of Subject |
: |
SUJATA |
|
|
Position |
: |
STAFF |
|
Auditor |
: |
S. RENGANATHAN & CO. |
|
Auditor' Address |
: |
N/A |
|
1) |
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.
|
Charge No |
Creation Date |
Charge Description |
Chargee Name |
Total Charge |
Status |
|
C201105489 |
04/05/2011 |
N/A |
AXIS BANK LIMITED |
N/A |
Unsatisfied |
* 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 is a service provider and it does not deal with trade suppliers.
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 |
[ |
X |
] |
|
Poor >120 Days |
[ |
|
] |
|
|
|
|
|
|
|
Local |
: |
YES |
|||
|
Domestic Markets |
: |
SINGAPORE |
|||
|
Overseas |
: |
YES |
|
|
|
|
Export Market |
: |
WORLDWIDE |
|||
|
Credit Term |
: |
N/A |
|||
|
Payment Mode |
: |
CHEQUES |
|||
|
Services |
: |
SOFTWARE CONSULTANCY
|
|
|
|
|
|
|
Total Number of Employees: |
|||||||||
|
YEAR |
2013 |
|
|||||||
|
GROUP |
N/A |
|
|
|
|
|
|
|
|
|
COMPANY |
10 |
|
|
|
|
|
|
|
|
|
Branch |
: |
NO
|
Other Information:
The SC is principally engaged in the (as a / as an) software consultancy.
Aurionpro is a publicly traded technology company
that helps enterprises to be more efficient through domain-driven software and
consulting offerings.
The SC is organized into four primary business lines that include:
* Banking & Financial Technologies: providing a mature suite of software
products around Banks’ core banking systems.
* SCM Software: providing Logistics, Manufacturing, and Retail companies with a
cloud-based software platform to manage their entire supply chain, from
managing inventory in warehouses, to shipping finished products across the
globe.
*Oracle Implementation Services: providing industry-leading consulting services
across Oracle's Identity Management, WebCenter, and
Apps product suites.
*Enterprise IT Services: combining deep levels of expertise in niche areas such
as cloud-based software implementations and mobile app development, with a
sizable pool of resources that can be leveraged to complement larger scale IT
projects
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 the SC and she provided
some information on the SC.
|
Profitability |
|
|
|
|
|
|
|
Turnover |
: |
Increased |
[ |
9.90% |
] |
|
|
Profit/(Loss) Before Tax |
: |
Increased |
[ |
49.30% |
] |
|
|
Return on Shareholder Funds |
: |
Acceptable |
[ |
17.17% |
] |
|
|
Return on Net Assets |
: |
Acceptable |
[ |
20.34% |
] |
|
|
|
|
|
|
|
|
|
|
The higher turnover could be attributed to the favourable
market condition.The higher profit could be
attributed to the increase in turnover. The SC's management had generated
acceptable return for its shareholders using its assets. |
||||||
|
|
|
|
|
|
|
|
|
Working Capital Control |
|
|
|
|
|
|
|
Stock Ratio |
: |
Nil |
[ |
0 Days |
] |
|
|
Debtor Ratio |
: |
Unfavourable |
[ |
156 Days |
] |
|
|
Creditors Ratio |
: |
Unfavourable |
[ |
84 Days |
] |
|
|
|
|
|
|
|
|
|
|
As the SC is a service oriented company, the SC does not need to keep
stocks. The SC's debtors ratio was high. The SC should tighten its credit control
and improve its collection period. 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 |
: |
Acceptable |
[ |
0.96 Times |
] |
|
|
Current Ratio |
: |
Unfavourable |
[ |
0.96 Times |
] |
|
|
|
|
|
|
|
|
|
|
The SC's liquid ratio was slightly low. This could indicate that the
SC's working capital was slightly deficient. The SC will have to improve its
liquidity position either by obtaining short term financing or increase its
paid up capital so that it can meet all its short term obligations as and
when they fall due. |
||||||
|
|
|
|
|
|
|
|
|
Solvency |
|
|
|
|
|
|
|
Interest Cover |
: |
Acceptable |
[ |
3.31 Times |
] |
|
|
Gearing Ratio |
: |
Acceptable |
[ |
0.88 Times |
] |
|
|
|
|
|
|
|
|
|
|
The SC's interest cover was slightly low. If there is no sharp fall in
its profit or sudden increase in the interest rates, we believe the SC is
able to generate sufficient income to service its interest and repay the loans.
The SC's gearing was slightly high. The SC is utilising
the leverage concept to fund its expansion. However, the high gearing has
added financial risks to the SC. It will be more vulnerable in times of
economy downturn. |
||||||
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Overall Assessment : |
|
|
|
|
|
|
|
Generally, the SC's performance has improved with higher turnover and
profit. The SC's liquidity was at an acceptable range. If the SC is able to obtain
further short term financing, it should be able to meet all its short term
obligations. The SC had an acceptable interest cover. If there is no sudden
sharp increase in interest rate or fall in the SC's profit, we do believe the
SC is able to generate sufficient cash flow to service its interest payment.
The SC's gearing was slightly high and its financial risk was also high. If
no plans are made to reduce its gearing, the SC's performance may deteriorate
in the coming year. |
||||||
|
|
|
|
|
|
|
|
|
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 |
|
|
|
|
|
|
THE FINANCIAL STATEMENTS WERE PREPARED IN ACCORDANCE WITH SINGAPORE
FINANCIAL REPORTING STANDARDS. |
|
AURIONPRO SOLUTIONS PTE. LTD. |
|
Financial Year End |
2012-03-31 |
2011-03-31 |
|
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 |
2,434,606 |
2,215,336 |
|
|
---------------- |
---------------- |
|
Total Turnover |
2,434,606 |
2,215,336 |
|
Costs of Goods Sold |
<982,700> |
<2,103,173> |
|
|
---------------- |
---------------- |
|
Gross Profit |
1,451,906 |
112,163 |
|
|
---------------- |
---------------- |
|
|
|
|
|
PROFIT/(LOSS) FROM OPERATIONS |
472,716 |
316,624 |
|
|
---------------- |
---------------- |
|
PROFIT/(LOSS) BEFORE TAXATION |
472,716 |
316,624 |
|
Taxation |
99,000 |
<47,625> |
|
|
---------------- |
---------------- |
|
PROFIT/(LOSS) AFTER TAXATION |
571,716 |
268,999 |
|
|
---------------- |
---------------- |
|
RETAINED PROFIT/(LOSS) BROUGHT FORWARD |
|
|
|
As previously reported |
1,399,027 |
1,130,028 |
|
|
---------------- |
---------------- |
|
As restated |
1,399,027 |
1,130,028 |
|
|
---------------- |
---------------- |
|
PROFIT AVAILABLE FOR APPROPRIATIONS |
1,970,743 |
1,399,027 |
|
|
---------------- |
---------------- |
|
RETAINED PROFIT/(LOSS) CARRIED FORWARD |
1,970,743 |
1,399,027 |
|
|
============= |
============= |
|
|
|
|
|
INTEREST EXPENSE (as per notes to P&L) |
|
|
|
Others |
204,255 |
57,426 |
|
|
---------------- |
---------------- |
|
|
204,255 |
57,426 |
|
AURIONPRO SOLUTIONS PTE. LTD. |
|
ASSETS EMPLOYED: |
|
|
|
FIXED ASSETS |
2,629,475 |
82,787 |
|
|
|
|
|
LONG TERM INVESTMENTS/OTHER ASSETS |
|
|
|
Investments |
1,000,000 |
2,014,473 |
|
|
---------------- |
---------------- |
|
TOTAL LONG TERM INVESTMENTS/OTHER ASSETS |
1,000,000 |
2,014,473 |
|
|
|
|
|
|
---------------- |
---------------- |
|
TOTAL LONG TERM ASSETS |
3,629,475 |
2,097,260 |
|
|
|
|
|
CURRENT ASSETS |
|
|
|
Trade debtors |
1,041,858 |
961,904 |
|
Other debtors, deposits & prepayments |
129,198 |
7,424,922 |
|
Amount due from related companies |
6,157,971 |
105,506 |
|
Cash & bank balances |
1,593 |
21,091 |
|
Others |
99,000 |
- |
|
|
---------------- |
---------------- |
|
TOTAL CURRENT ASSETS |
7,429,620 |
8,513,423 |
|
|
---------------- |
---------------- |
|
TOTAL ASSET |
11,059,095 |
10,610,683 |
|
|
============= |
============= |
|
|
|
|
|
CURRENT LIABILITIES |
|
|
|
Trade creditors |
227,149 |
47,846 |
|
Other creditors & accruals |
667,078 |
34,456 |
|
Short term borrowings/Term loans |
2,930,000 |
2,950,000 |
|
Amounts owing to holding company |
1,790,845 |
2,090,845 |
|
Amounts owing to related companies |
1,845,377 |
2,477,869 |
|
Provision for taxation |
269,712 |
252,449 |
|
|
---------------- |
---------------- |
|
TOTAL CURRENT LIABILITIES |
7,730,161 |
7,853,465 |
|
|
---------------- |
---------------- |
|
NET CURRENT ASSETS/(LIABILITIES) |
<300,541> |
659,958 |
|
|
---------------- |
---------------- |
|
TOTAL NET ASSETS |
3,328,934 |
2,757,218 |
|
|
============= |
============= |
|
|
|
|
|
SHARE CAPITAL |
|
|
|
Ordinary share capital |
1,286,031 |
1,286,031 |
|
|
---------------- |
---------------- |
|
TOTAL SHARE CAPITAL |
1,286,031 |
1,286,031 |
|
|
|
|
|
RESERVES |
|
|
|
Exchange equalisation/fluctuation reserve |
72,160 |
72,160 |
|
Retained profit/(loss) carried forward |
1,970,743 |
1,399,027 |
|
|
---------------- |
---------------- |
|
TOTAL RESERVES |
2,042,903 |
1,471,187 |
|
|
|
|
|
|
---------------- |
---------------- |
|
SHAREHOLDERS' FUNDS/EQUITY |
3,328,934 |
2,757,218 |
|
|
|
|
|
|
---------------- |
---------------- |
|
|
3,328,934 |
2,757,218 |
|
|
============= |
============= |
|
AURIONPRO SOLUTIONS PTE. LTD. |
|
TYPES OF FUNDS |
|
|
|
Cash |
1,593 |
21,091 |
|
Net Liquid Funds |
1,593 |
21,091 |
|
Net Liquid Assets |
<300,541> |
659,958 |
|
Net Current Assets/(Liabilities) |
<300,541> |
659,958 |
|
Net Tangible Assets |
3,328,934 |
2,757,218 |
|
Net Monetary Assets |
<300,541> |
659,958 |
|
BALANCE SHEET ITEMS |
|
|
|
Total Borrowings |
2,930,000 |
2,950,000 |
|
Total Liabilities |
7,730,161 |
7,853,465 |
|
Total Assets |
11,059,095 |
10,610,683 |
|
Net Assets |
3,328,934 |
2,757,218 |
|
Net Assets Backing |
3,328,934 |
2,757,218 |
|
Shareholders' Funds |
3,328,934 |
2,757,218 |
|
Total Share Capital |
1,286,031 |
1,286,031 |
|
Total Reserves |
2,042,903 |
1,471,187 |
|
LIQUIDITY (Times) |
|
|
|
Cash Ratio |
0.00 |
0.00 |
|
Liquid Ratio |
0.96 |
1.08 |
|
Current Ratio |
0.96 |
1.08 |
|
WORKING CAPITAL CONTROL (Days) |
|
|
|
Stock Ratio |
0 |
0 |
|
Debtors Ratio |
156 |
158 |
|
Creditors Ratio |
84 |
8 |
|
SOLVENCY RATIOS (Times) |
|
|
|
Gearing Ratio |
0.88 |
1.07 |
|
Liabilities Ratio |
2.32 |
2.85 |
|
Times Interest Earned Ratio |
3.31 |
6.51 |
|
Assets Backing Ratio |
2.59 |
2.14 |
|
PERFORMANCE RATIO (%) |
|
|
|
Operating Profit Margin |
19.42 |
14.29 |
|
Net Profit Margin |
23.48 |
12.14 |
|
Return On Net Assets |
20.34 |
13.57 |
|
Return On Capital Employed |
20.34 |
13.57 |
|
Return On Shareholders' Funds/Equity |
17.17 |
9.76 |
|
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.