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Report Date : |
05.08.2014 |
IDENTIFICATION DETAILS
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Name : |
COMPUAGE INFOCOM (S) PTE.LTD. |
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Registered Office : |
69,Ubi Crescent #03-04 |
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Country : |
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Financials (as on) : |
31.03.2013 |
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Date of Incorporation : |
23.07.2008 |
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Com. Reg. No.: |
200814423-G |
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Legal Form : |
Private Company limited by shares |
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Line of Business : |
Subject is engaged in trading of information technology products |
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No. of Employees |
05 |
RATING & COMMENTS
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MIRA’s Rating : |
B |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
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Status : |
Moderate |
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Payment Behaviour : |
No complaints |
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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 – June 1, 2014
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Country Name |
Previous Rating (31.03.2014) |
Current Rating (01.06.2014) |
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A1 |
A1 |
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Risk Category |
ECGC
Classification |
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Insignificant |
A1 |
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Low |
A2 |
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Moderate |
B1 |
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High |
B2 |
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Very High |
C1 |
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Restricted |
C2 |
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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. 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 |
COMPUAGE INFOCOM
(S) PTE. LTD.
69,Ubi Crescent
#03-04 Ces Building
408561
Singapore/SG
Telephone: +65
6844 4356
Fax: +65
6844 4547
Web
site: http://www.compuageindia.com
WIN
Worldbox No.: SG0000052552
Established: 2008
History: The company 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 company must have at
least two directors. A private limited company is a separate legal entity from
its shareholders. As a separate legal entity, the company 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
company is insolvent. The company is governed by the Companies Act and the
company must file its annual returns, together with its financial statements
with the Registrar of Companies.
Line
of Business: IT services
Industry
Division: Services
Industry-code (NACE): 6399 Other information service activities
n.e.c.
Banks: Indian Bank
Coverage: Company
Financial
year: 2013
Employees: 5
Sales: USD 13,912,000.--
The company is engaged in trading of information
technology products.
Clientele:
Local : Yes
Domestic Markets: Singapore
Overseas :
Yes
Export Market : Worldwide
Credit Term :
N/A
Payment Mode :
Cheques
Telegraphic Transfer (TT)
Operations and branches:
At the address, 69,Ubi Crescent #03-04 Ces
Building, 408561, Singapore, we find office and registered office of the
company.
Real
Estate: The company owns
no property.
Company
No: 200814423-G
Legal
form: Private Company limited
by shares
Registration: 23.07.2008
Legal
status: active
Responsible
Register: State Register of Singapore
Entry Deleted Name
active Compuage
Infocom (S) Pte. Ltd.
Entry Deleted Address
active 69,Ubi
Crescent #03-04 Ces Building, 408561 Singapore, Singapore/SG
Entry Deleted Capital
active Share
Capital SGD 150,000, paidup SGD 150,000
Entry Deleted Capital Structure
active 150,000
Registered shares of SGD 1.--
Title Name
Company
Secretary Mujubu Rahman
Abdul Jabbar, Residential address: 30, Jalan Bahagia, 03-376, 320030, Singapore
Director Atul H.
Mehta, Origin: Indian, India, Residential address: 1804, Wallace Apartment,
Isleater Road, 00 007 Mumbai, India, Registered since: 23.07.2008
Director Tilve
Sachin Sudhakar, Origin: Singaporean, Singapore, Residential address: 342,
Tampines Street 33, 05-298, 520342, Singapore, Registered since: 31.12.2009
Title Name
Auditor Planassure
Pac
Name Of Subject : Tilve Sachin Sudhakar
Address :
342, Tampines Street 33, 05-298, 520342, Singapore.
IC / PP No :
S7267076j
Nationality :
Singaporean
Date of Appointment : 31/12/2009
Name Of Subject : Atul H. Mehta
Address :
1804, Wallace Apartment, Isleater Road, Mumbai, 00 007, India.
IC / PP No :
Z1778224
Nationality :
Indian
Date of Appointment : 23/07/2008
Company Secretary : Mujubu Rahman Abdul Jabbar
IC / PP No
: S7080588z
Address :
30, Jalan Bahagia, 03-376, 320030, Singapore.
COMPUAGE INFOCOM
(S) PTE. LTD.
Consolidation: unconsolidated
Industry: Trade/Industry
Fiscal year end: 31.03.2013 31.03.2012
Number of months: 12 12
Currency:
USD USD
Tangible fixed
assets 5,767.0 10,246.0
Fixed assets 5,767.0 10,246.0
Stocks 591,246.0 742,036.0
Trade accounts
receivable 573,439.0 333,356.0
Liquid assets 323,000.0 22,698.0
other trade
accounts 901,972.0 679,138.0
Other current
assets 1,224,972.0 701,836.0
Current assets 2,389,657.0 1,777,228.0
Total assets 2,395,424.0 1,787,474.0
Capital 100,000.0 100,000.0
Other shareholders
funds -86,612.0 -95,489.0
Total shareholders
equity 13,388.0 4,511.0
Trade accounts
payable 215,986.0 355,103.0
other accounts payable 2,166,050.0 1,427,860.0
other current
liabilities 2,166,050.0 1,427,860.0
Current
liabilities 2,382,036.0 1,782,963.0
Shareh. equity,
min. interests + liabilities 2,395,424.0 1,787,474.0
Sales 13,911,813.0 8,617,261.0
Net sales 13,911,813.0 8,617,261.0
Other operating
revenue 4,315.0 18,654.0
Operating revenue 13,916,128.0 8,635,915.0
Cost of goods sold 13,226,892.0 8,796,318.0
Gross profit 689,236.0 -160,403.0
Operating result 8,877.0 2,690.0
Result before extraordinary
items 8,877.0 2,690.0
Result before
taxes 8,877.0 2,690.0
Result before
minority interests 8,877.0 2,690.0
Result for the
financial year 8,877.0 2,690.0
Cash flow 8,877.0 2,690.0
Added value 8,877.0 2,690.0
Working Capital 948,699.0 720,289.0
Employees at year end 5
COMPUAGE INFOCOM
LIMITED
Consolidation: consolidated
Industry: Trade/Industry
Fiscal year end: 31.03.2013 31.03.2012 31.03.2011 31.03.2010 31.03.2009
Number of months: 12 12 12 12 12
Currency: th.
INR th. INR th. INR th. INR th.
INR
Remarks: restated restated restated
Balance Sheet
Intangible fixed
assets 6,090.0 6,563.0 6,796.0 2,400.0
Land and buildings 229,995.0
Other tangible
fixed assets 173,007.0
Tangible fixed
assets 403,002.0 210,173.0 83,420.0 44,005.0 28,703.0
Financial fixed
assets 1,400.0 8,617.0 8,537.0 2,713.0 2,713.0
other fixed assets 3,219.0 7,654.0 134,995.0 314.0 492.0
Fixed assets 407,621.0 232,534.0 233,515.0 53,828.0 34,308.0
Stocks 1,931,660.0 2,065,758.0 1,464,720.0 1,076,076.0 692,821.0
Trade accounts
receivable 1,855,955.0
Liquid assets 408,377.0 334,259.0 161,542.0 240,215.0 189,672.0
other trade
accounts 312,314.0
Accruals 8,162.0
Other current
assets 728,853.0
Current assets 4,516,468.0 4,294,781.0 3,309,752.0 2,565,016.0 2,057,876.0
Total assets 4,924,089.0 4,527,315.0 3,543,267.0 2,618,844.0 2,092,184.0
Capital 66,550.0
Other shareholders
funds 531,511.0
Total shareholders
equity 598,061.0 527,962.0 314,572.0 243,287.0 190,539.0
long term debt (financial
debts) 97,341.0 123,094.0 84,027.0 1,035,127.0 754,846.0
Provisions 950.0
Other non current
liabilities 19,738.0 12,079.0 7,790.0 3,714.0 2,699.0
Non current
liabilities 117,079.0 136,123.0 91,817.0 1,038,841.0 757,545.0
short term debt
(financial debts) 2,225,184.0
Trade accounts
payable 1,734,857.0
Provisions 7,735.0
other accounts
payable 241,173.0
other current
liabilities 248,908.0
Current
liabilities 4,208,949.0 3,863,230.0 3,136,878.0 1,336,716.0 1,144,100.0
Shareh. equity,
min. interests + liabilities 4,924,089.0 4,527,315.0 3,543,267.0 2,618,844.0 2,092,184.0
Sales 19,530,640.0
Net sales 19,530,640.0 15,917,676.0 13,525,839.0 11,005,516.0 8,080,133.0
Other operating
revenue 40,126.0
Operating revenue 19,570,766.0
Cost of goods sold 18,584,134.0
Gross profit 986,632.0
Other operating
expenses 641,389.0
Operating result 345,243.0 294,181.0 188,207.0 177,642.0 207,002.0
Interest revenues 34,364.0
other financial
revenues 8,882.0
Financial income 43,246.0
other financial
expenses 266,515.0
Financial expenses 266,515.0
Financial result -223,269.0
Result before
extraordinary items 121,974.0
Result before
taxes 121,974.0
Taxes 40,078.0
Result before
minority interests 81,896.0
Result for the
financial year 81,896.0 109,179.0 90,756.0 60,280.0 47,214.0
Depreciation 27,972.0
Cash flow 109,868.0
Cash flow from
operating activities 325,496.0
Investments in
tangible fixed assets 255,400.0
Cash flow from
investing activities -166,877.0
Cash flow from financing
activities -79,303.0
Change in
liquidity 79,316.0
Liquidity at
beginning of the year 320,719.0
Liquidity at end
ot the year 400,035.0
Material costs 18,584,134.0
Cost of employees 237,220.0
Added value 387,166.0
Working Capital 2,052,758.0
Gross cost land
and buildings 234,198.0
Gross cost other
tangible fixed assets 263,277.0
Gross cost total 497,475.0
Name: COMPUAGE INFOCOM
LIMITED
City/Country: Mumbai/Maharashtra, India/IN
Owner: The company is foreign
owned.
Class: 100%
Type: direct, Group-Level
1
Name: COMPUAGE INFOCOM
LIMITED
City/Country: Mumbai/Maharashtra, India/IN
No.
of shares: 150,000
Capital
share: SGD 150,000.--
Interest: 100,00% voting right,
100,00% capital interest
ENCUMBRANCE (S)
Charge No Creation Date Charge Description Chargee Name Total Charge Status
C201006677 02/08/2010 N/A
INDIAN BANK - Unsatisfied
A check has been conducted in the databank
against the company whether the company has been involved in any litigation.
No legal action was found in the databank.
No winding up petition was found in the
databank.
Sources Of Raw Materials:
Local :
Yes
Overseas: Yes
The company 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
Average 61-90 Days[X]
We contacted one of the staff from the
Subject and she provided some information.
Financial
Situation: The financial situation
is considered to be in order.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.61.02 |
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|
1 |
Rs.102.69 |
|
Euro |
1 |
Rs.81.91 |
INFORMATION DETAILS
|
Analysis Done by
: |
SUB |
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Report Prepared
by : |
NIS |
RATING EXPLANATIONS
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
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>86 |
Aaa |
Possesses an extremely sound financial base with the strongest
capability for timely payment of interest and principal sums |
Unlimited |
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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 |
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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 |
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41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
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26-40 |
B |
Capability to
overcome financial difficulties seems comparatively below average. |
Small |
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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 |
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<10 |
C |
Absolute credit risk exists. Caution needed to be exercised |
Credit not
recommended |
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-- |
NB |
New Business |
-- |
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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.