MIRA INFORM REPORT

 

 

Report Date :

24.10.2013

 

IDENTIFICATION DETAILS

 

Name :

INTEGRO TECHNOLOGIES PTE. LTD.

 

 

Registered Office :

39, Robinson Road, 07-01, Robinson Point, 068911

 

 

Country :

Singapore

 

 

Financials (as on) :

31.03.2012

 

 

Date of Incorporation :

24.06.2000

 

 

Com. Reg. No.:

200005556-C

 

 

Legal Form :

Private Limited

 

 

Line of Business :

Subject is engaged in the software consultancy.

 

 

No. of Employees :

90

 

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 :

Regular

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

 

 

 

EXECUTIVE SUMMARY

 

REGISTRATION NO.

:

200005556-C

COMPANY NAME

:

INTEGRO TECHNOLOGIES PTE. LTD.

FORMER NAME

:

N/A

INCORPORATION DATE

:

24/06/2000

 

 

 

 

 

 

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.

:

65-65366438

FAX.NO.

:

65-65366831

WEB SITE

:

WWW.INTEGROSYS.COM

CONTACT PERSON

:

NEELI ( STAFF )

 

 

 

 

 

 

PRINCIPAL ACTIVITY

:

SOFTWARE CONSULTANCY

 

 

 

ISSUED AND PAID UP CAPITAL

:

16,886,029.00 ORDINARY SHARE, OF A VALUE OF SGD 5,331,315.16

 

 

 

SALES

:

SGD 11,036,920 [2012]

NET WORTH

:

SGD 12,051,744 [2012]

 

 

 

STAFF STRENGTH

:

90 [2013]

LITIGATION

:

CLEAR

FINANCIAL CONDITION

:

STRONG

PAYMENT

:

GOOD

MANAGEMENT CAPABILITY

:

AVERAGE

 

 

 

COMMERCIAL RISK

:

N/A

CURRENCY EXPOSURE

:

N/A

GENERAL REPUTATION

:

SATISFACTORY

INDUSTRY OUTLOOK

:

MARGINAL GROWTH

 

 

HISTORY / BACKGROUND

 

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 immediate and ultimate holding company of the SC is AURIONPRO SOLUTIONS LIMITED, 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 LIMITED

404, WINCHESTER, HIGH STREET, HIRANANDANI BUSINESS PARK POWAI, MUMBAI, 4000076, INDIA.

T07UF3970J

16,886,029.00

100.00

 

 

 

---------------

------

 

 

 

16,886,029.00

100.00

 

 

 

============

=====

+ Also Director

 

The SC interest in other companies (Subsidiaries/Associates) are shown as follow :

 

Local No

Country

Company

(%)

As At

011093

THAILAND

INTEGRO TECHNOLOGIES COMPANY LIMITED (THAILAND)

100.00

N/A

 

 

 

 

 

526623U

MALAYSIA

INTEGRO TECHNOLOGIES SDN. BHD.

100.00

22/10/2013

 

 

 

 

 



DIRECTORS

 

DIRECTOR 1

 

Name Of Subject

:

SHEKHAR MULLATTI

Address

:

1, JALAN KUALA 11-01, MORNINGSIDE, THE, 239639, SINGAPORE.

IC / PP No

:

S275129F

 

 

 

 

 

 

 

 

 

Nationality

:

INDIAN

Date of Appointment

:

01/06/2010

 

 

DIRECTOR 2

 

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

:

07/12/2007

 

DIRECTOR 3

 

Name Of Subject

:

AMIT RAMESHCHANDRA SHETH

Address

:

G-1, SHRI LAL ASHISH, POINT GARODIA NAGAR, GHATKOPAR (E) MUMBAI 400077, INDIA.

IC / PP No

:

F5945418

 

 

 

 

 

 

 

 

 

Nationality

:

INDIAN

Date of Appointment

:

07/12/2007

 

 

 

 

 

MANAGEMENT

 

 

 

1)

Name of Subject

:

NEELI

 

Position

:

STAFF

 

AUDITOR

 

 

Auditor

:

S. RENGANATHAN & CO.

Auditor' Address

:

N/A

 

 

 

 

 

 

COMPANY SECRETARIES

 

1)

Company Secretary

:

CHENG LIAN SIANG

 

IC / PP No

:

S1519832Z

 

 

 

 

 

Address

:

7, SIN MING WALK, 20-17, THE GARDENS AT BISHAN, 575577, SINGAPORE.

 

 

 

 

 

 

 

 

 

 

 

 

 

2)

Company Secretary

:

PATHIMA MUNEERA AZMI

 

IC / PP No

:

S2715498J

 

 

 

 

 

Address

:

122, JURONG EAST STREET 13, 02-31, IVORY HEIGHTS, 600122, SINGAPORE.

 

 

 

 

 

 

 

 

 

BANKING

 


No Banker found in our databank.



ENCUMBRANCE (S)


No encumbrance was found in our databank at the time of investigation.

 

 

LEGAL CHECK AGAINST SC


* 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.

 

PAYMENT RECORD

 

 

 

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

[

X

]

 

Average 61-90 Days

[

 

]

 

Fair 91-120 Days

[

 

]

 

Poor >120 Days

[

 

]

 

 

 

 

 

 




 

CLIENTELE

 

Local

:

N/A

 

 

 

Overseas

:

N/A


The SC refused to disclose its clientele.

 

OPERATIONS

 

Services

:

SOFTWARE CONSULTANCY

 

 

 

 

 

Total Number of Employees:

YEAR

2013

 

GROUP

N/A

 

 

 

 

 

 

 

 

COMPANY

90

 

 

 

 

 

 

 

 

 

Branch

:

NO

 

Other Information:


The SC is principally engaged in the (as a / as an) software consultancy.

The SC is a high end specialty IT solutions provider for Banks in Asia-Pacific and beyond.


CURRENT INVESTIGATION

 

Latest fresh investigations carried out on the SC indicated that :

Telephone Number Provided By Client

:

N/A

Current Telephone Number

:

65-65366438

Match

:

N/A

 

 

 

Address Provided by Client

:

1 LORONG 2 TOA PAYOH YEOLLOW PAGES BUILDING #5-01 SINGAPORE 319637

Current Address

:

39 ROBINSON ROAD, #07-01, ROBINSON POINT, 068911, SINGAPORE.

Match

:

NO

 

Other Investigations


we contacted one of the staff from the SC and she provided some information on the SC.

The SC had shifted from the address provided.

 

FINANCIAL ANALYSIS

 

 

Profitability

 

 

 

 

 

 

Turnover

:

Decreased

[

1.41%

]

 

Profit/(Loss) Before Tax

:

Increased

[

28.99%

]

 

Return on Shareholder Funds

:

Acceptable

[

12.24%

]

 

Return on Net Assets

:

Acceptable

[

11.11%

]

 

 

 

 

 

 

 

 

The lower turnover could be due to the unfavourable market conditions.The SC's management have been efficient in controlling its operating costs. 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

[

154 Days

]

 

Creditors Ratio

:

Favourable

[

30 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 SC had a favourable creditors' ratio where the SC could be taking advantage of the cash discounts and also wanting to maintain goodwill with its creditors.

 

 

 

 

 

 

 

Liquidity

 

 

 

 

 

 

Liquid Ratio

:

Favourable

[

2.33 Times

]

 

Current Ratio

:

Favourable

[

2.33 Times

]

 

 

 

 

 

 

 

 

A minimum liquid ratio of 1 should be maintained by the SC in order to assure its creditors of its ability to meet short term obligations and the SC was in a good liquidity position. Thus, we believe the SC is able to meet all its short term obligations as and when they fall due.

 

 

 

 

 

 

 

Solvency

 

 

 

 

 

 

Interest Cover

:

Nil

[

0.00 Times

]

 

Gearing Ratio

:

Favourable

[

0.03 Times

]

 

 

 

 

 

 

 

 

The SC's interest cover was nil as it did not pay any interest during the year. The SC was lowly geared thus it had a low financial risk. The SC was mainly financed by its shareholders' funds and internally generated funds. In times of economic slowdown / downturn, the SC being a lowly geared company, will be able to compete better than those companies which are highly geared in the same industry.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Overall Assessment :

 

 

 

 

 

 

Due to the efficient control of its operating costs, the SC was able to remain profitable despite lower turnover achieved during the year. The SC was in good liquidity position with its total current liabilities well covered by its total current assets. With its current net assets, the SC should be able to repay its short term obligations. The SC did not make any interest payment during the year. The SC was dependent on its shareholders' funds to finance its business needs. The SC as a lowly geared company, will be more secured compared to those highly geared companies. It has the ability to meet all its long term obligations.

 

 

 

 

 

 

 

Overall financial condition of the SC : STRONG

 

 

 

SINGAPORE ECONOMIC / INDUSTRY OUTLOOK

 

 

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 ANALYSIS

 

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



CREDIT RISK EVALUATION & RECOMMENDATION

 


Incorporated in 2000, the SC is a Private Limited company, focusing on software consultancy. With its long establishment in the market, the SC has received strong support from its stable customers base. Its business position in the market is quite stable and it is expected to enjoy better market shares over its rivals. Having strong support from its holding company has enabled the SC to remain competitive despite the challenging business environment. The capital standing of the SC is fair. With an adequate share capital, the SC has the potential of expanding its business in future.

Being a moderate size company, the SC has a total workforce of 90 employees in its business operations. Overall, we regard that the SC's management capability is average. This indicates that the SC has greater potential to improve its business performance and raising income for the SC.

Despite the lower turnover, the SC's pre-tax profit have increased compared to the previous year. The higher profit could be due to better control of its operating costs and efficiency in utilising its resources. Return on shareholders' funds of the SC was at an acceptable range which indicated that the management was efficient in utilising its funds to generate income. The SC is in good liquidity position with its current liabilities well covered by it current assets. Hence, it has sufficient working capital to meet its short term financial obligations. Being a lowly geared company, the SC is exposed to low financial risk as it is mainly dependent on its internal funds to finance its business needs. Given a positive net worth standing at SGD 12,051,744, the SC should be able to maintain its business in the near terms.

Overall, the SC's payment habit is good as the SC has a good credit control and it could be taking advantage of the cash discounts while maintaining a good reputation with its creditors.

The industry has reached its maturity stage and only enjoying a marginal growth. The steady growth of the country's economy will further enhance the industry activities. Thus, the SC's future performance is very much depend on its marketing strategies in order to retain its position in the market.

Based on the above condition, we recommend credit be granted to the SC promptly.

 



PROFIT AND LOSS ACCOUNT

 

 

THE FINANCIAL STATEMENTS WERE PREPARED IN ACCORDANCE WITH SINGAPORE FINANCIAL REPORTING STANDARDS.

INTEGRO TECHNOLOGIES PTE. LTD.

 

Financial Year End

2012-03-31

2011-03-31

Months

12

12

Consolidated Account

GROUP

GROUP

Audited Account

YES

YES

Unqualified Auditor's Report (Clean Opinion)

YES

YES

Financial Type

FULL

FULL

Currency

SGD

SGD

 

 

 

TURNOVER

11,036,920

11,194,604

 

----------------

----------------

Total Turnover

11,036,920

11,194,604

Costs of Goods Sold

<8,654,425>

<8,490,805>

 

----------------

----------------

Gross Profit

2,382,495

2,703,799

 

----------------

----------------

 

 

 

PROFIT/(LOSS) FROM OPERATIONS

1,360,542

1,054,739

 

----------------

----------------

PROFIT/(LOSS) BEFORE TAXATION

1,360,542

1,054,739

Taxation

115,146

<11,878>

 

----------------

----------------

PROFIT/(LOSS) AFTER TAXATION

1,475,688

1,042,861

 

----------------

----------------

RETAINED PROFIT/(LOSS) BROUGHT FORWARD

 

 

As previously reported

5,251,777

4,208,916

 

----------------

----------------

As restated

5,251,777

4,208,916

 

----------------

----------------

PROFIT AVAILABLE FOR APPROPRIATIONS

6,727,465

5,251,777

 

----------------

----------------

RETAINED PROFIT/(LOSS) CARRIED FORWARD

6,727,465

5,251,777

 

=============

=============

 

 

 

 

 

 

BALANCE SHEET

 

 

INTEGRO TECHNOLOGIES PTE. LTD.

 

ASSETS EMPLOYED:

 

 

FIXED ASSETS

143,637

196,511

 

 

 

INTANGIBLE ASSETS

 

 

Computer software

7,461,168

6,622,900

 

----------------

----------------

TOTAL INTANGIBLE ASSETS

7,461,168

6,622,900

 

----------------

----------------

TOTAL LONG TERM ASSETS

7,604,805

6,819,411

 

 

 

CURRENT ASSETS

 

 

Trade debtors

4,645,745

6,450,138

Other debtors, deposits & prepayments

2,174,099

2,070,576

Amount due from related companies

1,135,640

-

Cash & bank balances

188,938

151,577

 

----------------

----------------

TOTAL CURRENT ASSETS

8,144,422

8,672,291

 

----------------

----------------

TOTAL ASSET

15,749,227

15,491,702

 

=============

=============

 

 

 

CURRENT LIABILITIES

 

 

Trade creditors

714,475

1,157,870

Other creditors & accruals

2,395,840

2,222,918

Bank overdraft

331,863

772,048

Amounts owing to holding company

56,905

180,500

Amounts owing to director

-

240,000

 

----------------

----------------

TOTAL CURRENT LIABILITIES

3,499,083

4,573,336

 

----------------

----------------

NET CURRENT ASSETS/(LIABILITIES)

4,645,339

4,098,955

 

----------------

----------------

TOTAL NET ASSETS

12,250,144

10,918,366

 

=============

=============

 

 

 

SHARE CAPITAL

 

 

Ordinary share capital

5,331,582

5,331,582

 

----------------

----------------

TOTAL SHARE CAPITAL

5,331,582

5,331,582

 

 

 

RESERVES

 

 

Exchange equalisation/fluctuation reserve

<7,303>

1,007

Retained profit/(loss) carried forward

6,727,465

5,251,777

 

----------------

----------------

TOTAL RESERVES

6,720,162

5,252,784

 

 

 

 

----------------

----------------

SHAREHOLDERS' FUNDS/EQUITY

12,051,744

10,584,366

 

 

 

LONG TERM LIABILITIES

 

 

Deferred taxation

198,400

334,000

 

----------------

----------------

TOTAL LONG TERM LIABILITIES

198,400

334,000

 

----------------

----------------

 

12,250,144

10,918,366

 

=============

=============

 

 

 

FINANCIAL RATIO

 

 

INTEGRO TECHNOLOGIES PTE. LTD.

 

TYPES OF FUNDS

 

 

Cash

188,938

151,577

Net Liquid Funds

<142,925>

<620,471>

Net Liquid Assets

4,645,339

4,098,955

Net Current Assets/(Liabilities)

4,645,339

4,098,955

Net Tangible Assets

4,788,976

4,295,466

Net Monetary Assets

4,446,939

3,764,955

BALANCE SHEET ITEMS

 

 

Total Borrowings

331,863

772,048

Total Liabilities

3,697,483

4,907,336

Total Assets

15,749,227

15,491,702

Net Assets

12,250,144

10,918,366

Net Assets Backing

12,051,744

10,584,366

Shareholders' Funds

12,051,744

10,584,366

Total Share Capital

5,331,582

5,331,582

Total Reserves

6,720,162

5,252,784

LIQUIDITY (Times)

 

 

Cash Ratio

0.05

0.03

Liquid Ratio

2.33

1.90

Current Ratio

2.33

1.90

WORKING CAPITAL CONTROL (Days)

 

 

Stock Ratio

0

0

Debtors Ratio

154

210

Creditors Ratio

30

50

SOLVENCY RATIOS (Times)

 

 

Gearing Ratio

0.03

0.07

Liabilities Ratio

0.31

0.46

Times Interest Earned Ratio

0.00

0.00

Assets Backing Ratio

0.90

0.81

PERFORMANCE RATIO (%)

 

 

Operating Profit Margin

12.33

9.42

Net Profit Margin

13.37

9.32

Return On Net Assets

11.11

9.66

Return On Capital Employed

6.79

5.76

Return On Shareholders' Funds/Equity

12.24

9.85

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

UK Pound

1

Rs.99.75

Euro

1

Rs.84.75

 

 

INFORMATION DETAILS

 

Report Prepared by :

NIS

 

 

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.