|
Report Date : |
21.04.2014 |
IDENTIFICATION DETAILS
|
Name : |
INGRAM MICRO INDIA
LIMITED SINGAPORE BRANCH |
|
|
|
|
Registered Office : |
205, Kallang Bahru, 1m-00, Maya Plastic Building, 339341, |
|
|
|
|
Country : |
Singapore |
|
|
|
|
Financials (as on) : |
31.03.2012 |
|
|
|
|
Date of Incorporation : |
12.05.2010 |
|
|
|
|
Com. Reg. No.: |
T10FC0043-L |
|
|
|
|
Legal Form : |
Foreign Company |
|
|
|
|
Line of Business : |
Wholesale of computer hardware and peripheral equipment
& computer software |
|
|
|
|
No. of Employees |
06 [2014] |
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 31, 2014
|
Country Name |
Previous Rating (31.12.2013) |
Current Rating (31.03.2014) |
|
Singapore |
A1 |
A1 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low Risk |
A2 |
|
Moderate Low Risk |
B1 |
|
Moderate Risk |
B2 |
|
Moderate High Risk |
C1 |
|
High Risk |
C2 |
|
Very High Risk |
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. The economy contracted 0.6% in 2009 as a result of the global financial crisis, but rebounded 15.1% in 2010, on the strength of renewed exports, before slowing to in 2011-13, 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. 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 |
|
REGISTRATION NO. |
: |
T10FC0043-L |
|
COMPANY NAME |
: |
INGRAM MICRO INDIA LIMITED SINGAPORE BRANCH |
|
FORMER NAME |
: |
N/A |
|
INCORPORATION DATE |
: |
12/05/2010 |
|
COMPANY STATUS |
: |
EXIST |
|
LEGAL FORM |
: |
FOREIGN |
|
LISTED STATUS |
: |
NO |
|
REGISTERED ADDRESS |
: |
205, KALLANG BAHRU, 1M-00, MAYA PLASTIC BUILDING, 339341, SINGAPORE. |
|
BUSINESS ADDRESS |
: |
205 KALLANG BAHRU,LEVEL 1M, 339341, SINGAPORE. |
|
TEL.NO. |
: |
65-62749633 |
|
FAX.NO. |
: |
65-62981111 |
|
WEB SITE |
: |
WWW.INGRAMMICRO.COM |
|
CONTACT PERSON |
: |
NG WAI KONG ( DIRECTOR ) |
|
PRINCIPAL ACTIVITY |
: |
WHOLESALE OF COMPUTER HARDWARE AND PERIPHERAL EQUIPMENT & COMPUTER SOFTWARE |
|
AUTHORISED CAPITAL |
: |
INR 320,000,000.00 |
|
SALES |
: |
USD 2,351,120 [2012] |
|
NET WORTH |
: |
USD 125,672 [2012] |
|
STAFF STRENGTH |
: |
6 [2014] |
|
LITIGATION |
: |
CLEAR |
|
FINANCIAL CONDITION |
: |
STABLE |
|
PAYMENT |
: |
PROMPT |
|
MANAGEMENT CAPABILITY |
: |
AVERAGE |
|
COMMERCIAL RISK |
: |
LOW |
|
CURRENCY EXPOSURE |
: |
MODERATE |
|
GENERAL REPUTATION |
: |
SATISFACTORY |
|
INDUSTRY OUTLOOK |
: |
AVERAGE GROWTH |
HISTORY
/ BACKGROUND
|
The Subject is principally engaged in the (as a / as an) wholesale of computer hardware and peripheral equipment & computer software.
The immediate holding company of the Subject is INGRAM MICRO INDIA LIMITED, a company incorporated in INDIA.
The ultimate holding company of the Subject is INGRAM MICRO INC, a company incorporated in UNITED STATES.
Share Capital History
|
Date |
Authorised Shared Capital |
Issue & Paid Up Capital |
|
18/04/2014 |
INR 320,000,000.00 |
INR 0.00 |
No shareholders was found in our databank at the time of investigation
DIRECTORS
|
DIRECTOR 1
|
Name Of Subject |
: |
SHAILENDRA NARENDRA GUPTA |
|
Address |
: |
9, NATHAN ROAD, 09-04, 248730, SINGAPORE. |
|
IC / PP No |
: |
Z1813168 |
|
Nationality |
: |
INDIAN |
|
Date of Appointment |
: |
01/09/2001 |
DIRECTOR 2
|
Name Of Subject |
: |
STEPHEN JOHN PAINE |
|
Address |
: |
32, ORANGE GROVE ROAD, 258354, SINGAPORE. |
|
IC / PP No |
: |
094512629 |
|
Nationality |
: |
BRITISH |
|
Date of Appointment |
: |
05/12/2006 |
DIRECTOR 3
|
Name Of Subject |
: |
NG WAI KONG |
|
Address |
: |
6, BISHAN STREET 25, 30-16, CLOVER BY THE PARK, 573975, SINGAPORE. |
|
IC / PP No |
: |
S2576317C |
|
Nationality |
: |
SINGAPOREAN |
|
Date of Appointment |
: |
09/07/2010 |
DIRECTOR 4
|
Name Of Subject |
: |
JAISHANKAR KRISHNAN |
|
Address |
: |
FLAT 1201, SOMERSET, HIRANANDANI GARDENS, POWAI, MUMBAI, 400 076, 12TH FLOOR, INDIA. |
|
IC / PP No |
: |
Z1780431 |
|
Nationality |
: |
INDIAN |
|
Date of Appointment |
: |
27/10/2001 |
MANAGEMENT
|
|
1) |
Name of Subject |
: |
NG WAI KONG |
|
Position |
: |
DIRECTOR |
|
AUDITOR
|
No Auditor found in our databank
COMPANY
SECRETARIES
|
|
1) |
Company Secretary |
: |
PABLO ANTONIO A. VENTURA |
|
IC / PP No |
: |
S7269876B |
|
|
Address |
: |
8, BEDOK RESERVOIR VIEW, 05-21, THE CLEARWATER, 479235, SINGAPORE. |
|
|
Remarks |
: |
AGENT |
|
|
2) |
Company Secretary |
: |
NG WAI KONG |
|
IC / PP No |
: |
S2576317C |
|
|
Address |
: |
6, BISHAN STREET 25, 30-16, CLOVER BY THE PARK, 573975, SINGAPORE. |
|
|
Remarks |
: |
AGENT |
|
BANKING
|
No Banker found in our databank.
ENCUMBRANCE
(S)
|
No encumbrance was found in our databank at the time of investigation.
LEGAL
CHECK AGAINST SUBJECT
|
* A check has been conducted in our databank againt the Subject 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 Subject refused to disclose its suppliers.
The Subject 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 |
[ |
X |
] |
Good 31-60 Days |
[ |
] |
Average 61-90 Days |
[ |
] |
|||||
|
Fair 91-120 Days |
[ |
] |
Poor >120 Days |
[ |
] |
|||||||||
CLIENTELE
|
|
Local |
: |
YES |
|||
|
Domestic Markets |
: |
SINGAPORE |
|||
|
Overseas |
: |
YES |
|||
|
Export Market |
: |
ASIA |
|||
|
Credit Term |
: |
N/A |
|||
|
Payment Mode |
: |
CHEQUES |
|||
OPERATIONS
|
|
Goods Traded |
: |
COMPUTER HARDWARE AND PERIPHERAL EQUIPMENT & COMPUTER SOFTWARE |
|
|
Total Number of Employees: |
|||||||||
|
YEAR |
2014 |
2013 |
|||||||
|
|
|||||||||
|
GROUP |
N/A |
N/A |
|||||||
|
COMPANY |
6 |
6 |
|||||||
|
Branch |
: |
NO |
Other Information:
The Subject is principally engaged in the (as a / as an) wholesale of computer
hardware and peripheral equipment & computer software.
Ingram Group is a Fortune 100 company, is the world’s largest wholesale
technology distributor and a global leader in IT supply-chain, mobile device
lifecycle services and logistics solutions.
The Group distributes and markets a large variety of technology and mobility
products from leading companies, such as Acer, Apple, Cisco, Hewlett-Packard
(“HP”), IBM, Lenovo, Microsoft, Samsung and many others.
CURRENT
INVESTIGATION
|
Latest fresh investigations carried out on the Subject indicated that :
|
Telephone Number Provided By Client |
: |
6562749633 |
|
Current Telephone Number |
: |
65-62749633 |
|
Match |
: |
YES |
|
Address Provided by Client |
: |
205, KALLANAG BAHRU, LEVEL 1M SINGAPORE - 339341 |
|
Current Address |
: |
205 KALLANG BAHRU,LEVEL 1M, 339341, SINGAPORE. |
|
Match |
: |
YES |
Other Investigations
we contacted one of the staff from the Subject and she provided some
information.
FINANCIAL
ANALYSIS
|
|
Profitability |
||||||
|
Turnover |
: |
Increased |
[ |
346.45% |
] |
|
|
Profit/(Loss) Before Tax |
: |
Increased |
[ |
346.44% |
] |
|
|
Return on Shareholder Funds |
: |
Favourable |
[ |
81.49% |
] |
|
|
Return on Net Assets |
: |
Favourable |
[ |
89.09% |
] |
|
|
The increase in turnover could be due to the Subject adopting an aggressive marketing strategy.The higher profit could be attributed to the increase in turnover. Generally the Subject was profitable. The favourable return on shareholders' funds and return on net assets indicate that the Subject's management was efficient in utilising the assets to generate returns. |
||||||
|
Working Capital Control |
||||||
|
Stock Ratio |
: |
Nil |
[ |
0 Days |
] |
|
|
Debtor Ratio |
: |
Favourable |
[ |
0 Days |
] |
|
|
Creditors Ratio |
: |
Favourable |
[ |
0 Days |
] |
|
|
As the Subject is a service oriented company, the Subject does not need to keep stocks. The favourable debtors' days could be due to the good credit control measures implemented by the Subject. The Subject had a favourable creditors' ratio where the Subject could be taking advantage of the cash discounts and also wanting to maintain goodwill with its creditors. |
||||||
|
Liquidity |
||||||
|
Liquid Ratio |
: |
Favourable |
[ |
1.02 Times |
] |
|
|
Current Ratio |
: |
Unfavourable |
[ |
1.02 Times |
] |
|
|
A minimum liquid ratio of 1 should be maintained by the Subject in order to assure its creditors of its ability to meet short term obligations and the Subject was in a good liquidity position. Thus, we believe the Subject 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 |
[ |
0.00 Times |
] |
|
|
The Subject's interest cover was nil as it did not pay any interest during the year. The Subject had no gearing and hence it had virtually no financial risk. The Subject was financed by its shareholders' funds and internally generated fund. During the economic downturn, the Subject, having a zero gearing, will be able to compete better than those which are highly geared in the same industry. |
||||||
|
Overall Assessment : |
||||||
|
Generally, the Subject's performance has improved with higher turnover and profit. The Subject was in good liquidity position with its total current liabilities well covered by its total current assets. With its current net assets, the Subject should be able to repay its short term obligations. The Subject did not make any interest payment during the year. The Subject was dependent on its shareholders' funds to finance its business needs. The Subject was a zero gearing company, it was solely dependant on its shareholders to provide funds to finance its business. The Subject has good chance of getting loans, if the needs arises. |
||||||
|
Overall financial condition of the Subject : STABLE |
||||||
SINGAPORE
ECONOMIC / INDUSTRY OUTLOOK
|
|
Major Economic Indicators : |
2009 |
2010 |
2011 |
2012 |
2013 |
|
|
|||||
|
Population (Million) |
4.98 |
5.08 |
5.18 |
5.31 |
5.40 |
|
Gross Domestic Products ( % ) |
(0.8) |
14.5 |
4.9 |
1.3 |
3.7 |
|
Consumer Price Index |
0.6 |
2.8 |
5.2 |
4.6 |
2.4 |
|
Total Imports (Million) |
356,299.3 |
423,221.8 |
459,655.1 |
474,554.0 |
466,762.0 |
|
Total Exports (Million) |
391,118.1 |
478,840.7 |
514,741.2 |
510,329.0 |
513,391.0 |
|
|
|||||
|
Unemployment Rate (%) |
3.2 |
2.2 |
2.1 |
2.0 |
1.9 |
|
Tourist Arrival (Million) |
9.68 |
11.64 |
13.17 |
14.49 |
15.46 |
|
Hotel Occupancy Rate (%) |
75.8 |
85.6 |
86.5 |
86.4 |
86.3 |
|
Cellular Phone Subscriber (Million) |
1.37 |
1.43 |
1.50 |
1.52 |
1.97 |
|
|
|||||
|
Registration of New Companies (No.) |
26,414 |
29,798 |
32,317 |
31,892 |
37,288 |
|
Registration of New Companies (%) |
4.3 |
12.8 |
8.5 |
(1.3) |
9.8 |
|
Liquidation of Companies (No.) |
22,393 |
15,126 |
19,005 |
17,218 |
17,369 |
|
Liquidation of Companies (%) |
113.4 |
(32.5) |
25.6 |
9.4 |
(5.3) |
|
|
|||||
|
Registration of New Businesses (No.) |
26,876 |
23,978 |
23,494 |
24,788 |
22,893 |
|
Registration of New Businesses (%) |
8.15 |
(10.78) |
2.02 |
5.51 |
1.70 |
|
Liquidation of Businesses (No.) |
23,552 |
24,211 |
23,005 |
22,489 |
22,598 |
|
Liquidation of Businesses (%) |
11.4 |
2.8 |
(5) |
(2.2) |
0.5 |
|
|
|||||
|
Bankruptcy Orders (No.) |
2,058 |
1,537 |
1,527 |
1,748 |
1,992 |
|
Bankruptcy Orders (%) |
(11.5) |
(25.3) |
(0.7) |
14.5 |
14.0 |
|
Bankruptcy Discharges (No.) |
3,056 |
2,252 |
1,391 |
1,881 |
2,584 |
|
Bankruptcy Discharges (%) |
103.7 |
(26.3) |
(38.2) |
35.2 |
37.4 |
|
|
|||||
|
INDUSTRIES ( % of Growth ) : |
|||||
|
Agriculture |
|||||
|
Production of Principal Crops |
3.25 |
(0.48) |
4.25 |
3.64 |
- |
|
Fish Supply & Wholesale |
(1.93) |
(10.5) |
12.10 |
(0.5) |
- |
|
|
|||||
|
Manufacturing * |
71.5 |
92.8 |
100.0 |
100.3 |
102.0 |
|
Food, Beverages & Tobacco |
90.4 |
96.4 |
100.0 |
103.5 |
103.5 |
|
Textiles |
145.9 |
122.1 |
100.0 |
104.0 |
87.1 |
|
Wearing Apparel |
211.0 |
123.3 |
100.0 |
92.1 |
77.8 |
|
Leather Products & Footwear |
79.5 |
81.8 |
100.0 |
98.6 |
109.8 |
|
Wood & Wood Products |
101.4 |
104.0 |
100.0 |
95.5 |
107.4 |
|
Paper & Paper Products |
95.4 |
106.1 |
100.0 |
97.4 |
103.2 |
|
Printing & Media |
100.9 |
103.5 |
100.0 |
93.0 |
86.1 |
|
Crude Oil Refineries |
96.4 |
95.6 |
100.0 |
99.4 |
93.5 |
|
Chemical & Chemical Products |
80.3 |
97.6 |
100.0 |
100.5 |
104.1 |
|
Pharmaceutical Products |
49.1 |
75.3 |
100.0 |
109.7 |
107.2 |
|
Rubber & Plastic Products |
101.2 |
112.3 |
100.0 |
96.5 |
92.9 |
|
Non-metallic Mineral |
91.9 |
92.5 |
100.0 |
98.2 |
97.6 |
|
Basic Metals |
92.6 |
102.2 |
100.0 |
90.6 |
76.5 |
|
Fabricated Metal Products |
90.8 |
103.6 |
100.0 |
104.3 |
105.1 |
|
Machinery & Equipment |
57.3 |
78.5 |
100.0 |
112.9 |
114.5 |
|
Electrical Machinery |
86.8 |
124.1 |
100.0 |
99.3 |
108.5 |
|
Electronic Components |
85.2 |
113.6 |
100.0 |
90.6 |
94.3 |
|
Transport Equipment |
96.0 |
94.0 |
100.0 |
106.3 |
107.5 |
|
|
|||||
|
Construction |
(36.9) |
14.20 |
20.50 |
28.70 |
- |
|
Real Estate |
1.4 |
21.3 |
25.4 |
31.9 |
- |
|
|
|||||
|
Services |
|||||
|
Electricity, Gas & Water |
1.70 |
4.00 |
7.00 |
6.30 |
- |
|
Transport, Storage & Communication |
3.90 |
12.80 |
7.40 |
5.30 |
- |
|
Finance & Insurance |
(16.4) |
(0.4) |
8.90 |
0.50 |
- |
|
Government Services |
4.50 |
9.70 |
6.90 |
6.00 |
- |
|
Education Services |
0.10 |
(0.9) |
(1.4) |
0.30 |
- |
|
|
|||||
|
* Based on Index of Industrial Production (2011 = 100) |
INDUSTRY
ANALYSIS
|
|
INDUSTRY : |
TRADING |
|
The wholesale and retail trade sector contracted by 1.5% in the fourth quarter of 2012, extending the 0.2% decline in the preceding quarter. For the whole of 2012, the sector declined by 0.7%, reversing the 1.6% growth in 2011. The sector was weighed down primarily by the wholesale trade segment. In 2012, the wholesale trade segment contracted by 1.0%, a reversal from the 1.4% growth in 2011. Growth of the retail trade segment also moderated to 2.0%, from 3.2% in the year 2011. |
|
|
The domestic wholesale trade index grew by 1.2% in the fourth quarter of 2012, an improvement from the 5.4% decline in the third quarter. This was partly due to an increase in the sales of chemicals & chemical products and ship chandlers & bunkering. For the full year of 2012, the domestic wholesale trade index contracted by 2.2%, extending the 1.7% decline in 2011. The foreign wholesale trade index grew by 8.6% in the fourth quarter, an increase from the 6.6% growth in the third quarter. The expansion was partly due to resilient sales of petroleum & petroleum products. For the whole of 2012, the foreign wholesale trade index expanded by 9.1%, faster than the 4.3% increase in 2011. |
|
|
In the fourth quarter of 2012, retail sales volume declined by 2.0%, extending the 0.3% decline in the third quarter. Excluding motor vehicles, retail sales volume grew by 0.4%, a slight moderation compared to the 1.5% gain in the third quarter of 2012. The sales volume of motor vehicles fell by 11% in the fourth quarter of 2012, after contracting by 6.1% in the third quarter. The sales of several discretionary items also declined in the fourth quarter. Besides, the sales of optical goods & books in 2012 fell by 3.6%, while the sales of telecommunications apparatus & computers declined by 1.4%. |
|
|
For 2012 as a whole, retail sales volume grew by 1.3%, compared to the 2.0% expansion in 2011. Excluding motor vehicle sales, the increase in retail sales volume also moderated from 5.4% in 2011 to 1.7% in 2012. Medical goods & toiletries registered the largest increase (9.3%) in sales, followed by telecommunications apparatus & computers (6.9%). By contrast, the sales of watches & jewellery (-2.2%) and optical goods & books (-3.6%) declined. |
|
|
OVERALL INDUSTRY OUTLOOK : AVERAGE GROWTH |
|
CREDIT
RISK EVALUATION & RECOMMENDATION
|
|
|
|
|
PROFIT
AND LOSS ACCOUNT
|
|
THE FINANCIAL STATEMENTS WERE PREPARED IN ACCORDANCE
WITH SINGAPORE FINANCIAL REPORTING STANDARDS. |
|
INGRAM MICRO INDIA LIMITED SINGAPORE BRANCH |
|
Financial Year End |
2012-03-31 |
2011-03-31 |
|
Months |
12 |
11 |
|
Consolidated Account |
Company |
Company |
|
Audited Account |
YES |
YES |
|
Unqualified Auditor's Report (Clean Opinion) |
YES |
YES |
|
Financial Type |
FULL |
FULL |
|
Currency |
USD |
USD |
|
TURNOVER |
2,351,120 |
526,626 |
|
---------------- |
---------------- |
|
|
Total Turnover |
2,351,120 |
526,626 |
|
---------------- |
---------------- |
|
|
PROFIT/(LOSS) FROM OPERATIONS |
111,958 |
25,078 |
|
---------------- |
---------------- |
|
|
PROFIT/(LOSS) BEFORE TAXATION |
111,958 |
25,078 |
|
Taxation |
(9,545) |
(1,819) |
|
---------------- |
---------------- |
|
|
PROFIT/(LOSS) AFTER TAXATION |
102,413 |
23,259 |
|
---------------- |
---------------- |
|
|
RETAINED PROFIT/(LOSS) BROUGHT FORWARD |
||
|
As previously reported |
23,259 |
- |
|
---------------- |
---------------- |
|
|
As restated |
23,259 |
- |
|
---------------- |
---------------- |
|
|
PROFIT AVAILABLE FOR APPROPRIATIONS |
125,672 |
23,259 |
|
---------------- |
---------------- |
|
|
RETAINED PROFIT/(LOSS) CARRIED FORWARD |
125,672 |
23,259 |
|
============= |
============= |
|
BALANCE
SHEET
|
|
INGRAM MICRO INDIA LIMITED SINGAPORE BRANCH |
|
CURRENT ASSETS |
||
|
Other debtors, deposits & prepayments |
681,097 |
1,036,397 |
|
Amount due from related companies |
331,210 |
275,552 |
|
Cash & bank balances |
4,469,108 |
1,849,369 |
|
Others |
3,569 |
13,114 |
|
---------------- |
---------------- |
|
|
TOTAL CURRENT ASSETS |
5,484,984 |
3,174,432 |
|
---------------- |
---------------- |
|
|
TOTAL ASSET |
5,484,984 |
3,174,432 |
|
============= |
============= |
|
|
CURRENT LIABILITIES |
||
|
Other creditors & accruals |
5,239,723 |
3,094,566 |
|
Amounts owing to related companies |
119,589 |
56,607 |
|
---------------- |
---------------- |
|
|
TOTAL CURRENT LIABILITIES |
5,359,312 |
3,151,173 |
|
---------------- |
---------------- |
|
|
NET CURRENT ASSETS/(LIABILITIES) |
125,672 |
23,259 |
|
---------------- |
---------------- |
|
|
TOTAL NET ASSETS |
125,672 |
23,259 |
|
============= |
============= |
|
|
RESERVES |
||
|
Retained profit/(loss) carried forward |
125,672 |
23,259 |
|
---------------- |
---------------- |
|
|
TOTAL RESERVES |
125,672 |
23,259 |
|
---------------- |
---------------- |
|
|
SHAREHOLDERS' FUNDS/EQUITY |
125,672 |
23,259 |
|
---------------- |
---------------- |
|
|
125,672 |
23,259 |
|
|
============= |
============= |
|
FINANCIAL
RATIO
|
|
INGRAM MICRO INDIA LIMITED SINGAPORE BRANCH |
|
TYPES OF FUNDS |
||
|
Cash |
4,469,108 |
1,849,369 |
|
Net Liquid Funds |
4,469,108 |
1,849,369 |
|
Net Liquid Assets |
125,672 |
23,259 |
|
Net Current Assets/(Liabilities) |
125,672 |
23,259 |
|
Net Tangible Assets |
125,672 |
23,259 |
|
Net Monetary Assets |
125,672 |
23,259 |
|
BALANCE SHEET ITEMS |
||
|
Total Borrowings |
0 |
0 |
|
Total Liabilities |
5,359,312 |
3,151,173 |
|
Total Assets |
5,484,984 |
3,174,432 |
|
Net Assets |
125,672 |
23,259 |
|
Net Assets Backing |
125,672 |
23,259 |
|
Shareholders' Funds |
125,672 |
23,259 |
|
Total Share Capital |
0 |
0 |
|
Total Reserves |
125,672 |
23,259 |
|
LIQUIDITY (Times) |
||
|
Cash Ratio |
0.83 |
0.59 |
|
Liquid Ratio |
1.02 |
1.01 |
|
Current Ratio |
1.02 |
1.01 |
|
WORKING CAPITAL CONTROL (Days) |
||
|
Stock Ratio |
0 |
0 |
|
Debtors Ratio |
0 |
0 |
|
Creditors Ratio |
0 |
0 |
|
SOLVENCY RATIOS (Times) |
||
|
Gearing Ratio |
0.00 |
0.00 |
|
Liabilities Ratio |
42.65 |
135.48 |
|
Times Interest Earned Ratio |
0.00 |
0.00 |
|
Assets Backing Ratio |
- |
- |
|
PERFORMANCE RATIO (%) |
||
|
Operating Profit Margin |
4.76 |
4.76 |
|
Net Profit Margin |
4.36 |
4.42 |
|
Return On Net Assets |
89.09 |
107.82 |
|
Return On Capital Employed |
89.09 |
107.82 |
|
Return On Shareholders' Funds/Equity |
81.49 |
100.00 |
|
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.60.38 |
|
|
1 |
Rs.101.63 |
|
Euro |
1 |
Rs.83.57 |
INFORMATION DETAILS
|
Analysis Done by
: |
SUB |
|
|
|
|
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%)
This report is issued at your request without any risk
and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL) or its
officials.