|
Report Date : |
19.12.2014 |
IDENTIFICATION DETAILS
|
Name : |
KALTECH ENGINEERING & REFRIGERATION PTE LTD |
|
|
|
|
Registered Office : |
9 Tuas Link 1, 638587 |
|
|
|
|
Country : |
|
|
|
|
|
Financials (as on) : |
31.12.2009 |
|
|
|
|
Date of Incorporation : |
16.11.1993 |
|
|
|
|
Com. Reg. No.: |
199307561-H |
|
|
|
|
Legal Form : |
Exempt Private |
|
|
|
|
Line of Business : |
Manufacture of refrigerant products and its related parts |
|
|
|
|
No of Employees : |
30 [2014] |
RATING & COMMENTS
|
MIRA’s Rating : |
Ca |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
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 |
|
Status : |
Moderate |
|
|
|
|
Payment Behaviour : |
Unknown |
|
|
|
|
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 – September 30, 2014
|
Country Name |
Previous Rating (30.06.2014) |
Current Rating (30.09.2014) |
|
|
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 |
EXECUTIVE SUMMARY
|
|
|
|
REGISTRATION NO. |
: |
199307561-H |
||||
|
COMPANY NAME |
: |
KALTECH
ENGINEERING & REFRIGERATION PTE LTD |
||||
|
FORMER NAME |
: |
N/A |
||||
|
INCORPORATION DATE |
: |
16/11/1993 |
||||
|
|
|
|
||||
|
|
|
|
||||
|
COMPANY STATUS |
: |
EXIST |
||||
|
LEGAL FORM |
: |
EXEMPT PRIVATE |
||||
|
LISTED STATUS |
: |
NO |
||||
|
|
|
|
||||
|
|
|
|
||||
|
REGISTERED ADDRESS |
: |
9 TUAS LINK 1, 638587, SINGAPORE. |
||||
|
BUSINESS ADDRESS |
: |
9 TUAS LINK 1, 638587, SINGAPORE. |
||||
|
TEL.NO. |
: |
65-68633036 |
||||
|
FAX.NO. |
: |
65-68633308 |
||||
|
WEB SITE |
: |
WWW.KALTECH.COM.SG |
||||
|
CONTACT PERSON |
: |
FOO FUI WOON ( DIRECTOR ) |
||||
|
|
|
|
||||
|
|
|
|
||||
|
PRINCIPAL ACTIVITY |
: |
MANUFACTURE OF REFRIGERANT PRODUCTS AND
ITS RELATED PARTS |
||||
|
|
|
|
||||
|
ISSUED AND PAID UP CAPITAL |
: |
1,000,000.00 ORDINARY SHARE, OF A VALUE OF
SGD 1,000,000.00 |
||||
|
|
|
|
||||
|
SALES |
: |
N/A |
||||
|
NET WORTH |
: |
N/A |
||||
|
|
|
|
||||
|
STAFF STRENGTH |
: |
30 [2014] |
||||
|
||||||
|
LITIGATION |
: |
TRACED |
||||
|
FINANCIAL CONDITION |
: |
N/A |
||||
|
PAYMENT |
: |
N/A |
||||
|
MANAGEMENT CAPABILITY |
: |
AVERAGE |
||||
|
|
|
|
||||
|
COMMERCIAL RISK |
: |
LOW |
||||
|
CURRENCY EXPOSURE |
: |
MODERATE |
||||
|
GENERAL REPUTATION |
: |
SATISFACTORY |
||||
|
INDUSTRY OUTLOOK |
: |
MATURE |
||||
HISTORY / BACKGROUND
|
The Subject is an exempt private company whose shares are not held by any corporate body and has no more than 20 shareholders who are all natural persons. An exempt company is a type of private limited company. A private limited company is a separate legal entity from its shareholders. As a separate legal entity, the Subject is capable of owning assets, entering into contracts, suing or be sued by other companies. An exempt private company with an annual turnover of less than SGD5 million are exempted from statutory auditing requirements. Instead of filing audited annual accounts, the Subject has to file in a document duly signed by its director in charge of its finance and the company secretary stating that the Subject is able to meet all its obligations as and when they fall due. The Subject is not required to have their accounts audited. However, the Subject will prepare unaudited accounts for purposes of AGMs and filing with Registry Office if it is unable to meet all its obligations as and when they fall due .
The Subject is principally engaged in the (as a / as an) manufacture of refrigerant products and its related parts.
Share Capital
History
|
Date |
Issue & Paid
Up Capital |
|
04/12/2014 |
SGD 1,000,000.00 |
The major shareholder(s) of the Subject are shown as follows :
|
Name |
Address |
IC/PP/Loc No |
Shareholding |
(%) |
|
YONG SOON KIAT + |
83, BUKIT DRIVE, 04-07, THE RAINTREE,
587849, SINGAPORE. |
S2510534F |
670,000.00 |
67.00 |
|
FOO FUI WOON + |
83, BUKIT DRIVE, 04-07, THE RAINTREE,
587849, SINGAPORE. |
S1187332D |
200,000.00 |
20.00 |
|
LAM SENG HENG + |
18, LORONG K, TELOK KURAU, 03-09, THE
AMERY, 425781, SINGAPORE. |
S1712327J |
130,000.00 |
13.00 |
|
|
|
|
--------------- |
------ |
|
|
|
|
1,000,000.00 |
100.00 |
|
|
|
|
============ |
===== |
+ Also Director
DIRECTORS
|
DIRECTOR 1
|
Name Of Subject |
: |
LAM SENG HENG |
|
Address |
: |
18, LORONG K, TELOK KURAU, 03-09, THE
AMERY, 425781, SINGAPORE. |
|
IC / PP No |
: |
S1712327J |
|
Nationality |
: |
SINGAPOREAN |
|
Date of Appointment |
: |
30/06/2001 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
DIRECTOR 2
|
Name Of Subject |
: |
FOO FUI WOON |
|
Address |
: |
83, BUKIT DRIVE, 04-07, THE RAINTREE,
587849, SINGAPORE. |
|
IC / PP No |
: |
S1187332D |
|
Nationality |
: |
SINGAPOREAN |
|
Date of Appointment |
: |
01/06/2010 |
|
Remark |
: |
ALTERNATE DIRECTOR TO YONG SOON KIAT |
|
|
|
|
|
|
|
|
|
|
|
|
DIRECTOR 3
|
Name Of Subject |
: |
YONG SOON KIAT |
|
Address |
: |
83, BUKIT DRIVE, 04-07, THE RAINTREE,
587849, SINGAPORE. |
|
IC / PP No |
: |
S2510534F |
|
Date of Appointment |
: |
16/11/1993 |
MANAGEMENT
|
|
1) |
Name of Subject |
: |
FOO FUI WOON |
|
|
Position |
: |
DIRECTOR |
|
|
|
|
|
AUDITOR
|
|
Auditor |
: |
S S LEE PAC |
|
Auditor' Address |
: |
N/A |
|
|
|
|
|
|
|
|
COMPANY SECRETARIES
|
|
1) |
Company Secretary |
: |
GAN BOON HUAT |
|
|
IC / PP No |
: |
S2506216G /00665 |
|
|
|
|
|
|
|
Address |
: |
5, KIM KEAT ROAD, 03-01, KIM KEAT LODGE, 328843, SINGAPORE. |
|
|
|
|
|
|
|
|
|
|
BANKING
|
Banking relations are maintained principally with :
|
1) |
Name |
: |
UNITED OVERSEAS BANK LTD |
|
|
|
|
|
|
|
|
|
|
|
2) |
Name |
: |
UNITED OVERSEAS BANK LIMITED |
|
|
|
|
|
|
|
|
|
|
ENCUMBRANCE (S)
|
|
Charge No |
Creation Date |
Charge
Description |
Chargee Name |
Total Charge |
Status |
|
C200504088 |
14/07/2005 |
N/A |
UNITED OVERSEAS BANK LIMITED |
- |
Unsatisfied |
LITIGATION CHECK AGAINST SUBJECT
|
* A check has been conducted in our databank against the Subject whether the subject
has been involved in any litigation.
LEGAL ACTION
|
|
Code No |
: |
99 |
Case No |
: |
14405 |
||||||||
|
Year |
: |
2010 |
Place |
: |
SINGAPORE |
||||||||
|
Court |
: |
MAGISTRATE COURT |
|
|
|
||||||||
|
Date Filed |
: |
04/06/2010 |
|
|
|
||||||||
|
Solicitor Ref |
: |
KK.PI(C).11797 .20 10.JX |
|
|
|
||||||||
|
Solicitor Firm |
: |
K. KRISHNA & PARTNERS |
|||||||||||
|
Plaintiff |
: |
SOH CHING CHING |
|
|
|
||||||||
|
Defendants |
: |
|
|
|
|
||||||||
|
Amount Claimed |
: |
4730.40 |
|
|
|
|
|
|
|
|
|||
|
Nature of Claim |
: |
SGD |
|
|
|
|
|
|
|
|
|||
|
Remark |
: |
TORT-NEGLIGENCE |
|
|
|
||||||||
|
|
|
|
|
|
|
|
|
|
|
|
|||
|
|
|
|
|
|
|
||||||||
|
|
|
|
|
|
|
|
|
|
|
|
|||
|
Code No |
: |
99 |
Case No |
: |
18206 |
|
|
|
|
|
|||
|
Year |
: |
2012 |
Place |
: |
SINGAPORE |
|
|
|
|
|
|||
|
Court |
: |
MAGISTRATE COURT |
|
|
|
|
|
|
|
|
|||
|
Date Filed |
: |
09/07/2012 |
|
|
|
|
|
|
|
|
|||
|
Solicitor Ref |
: |
C454-ACC-25355.10/SL(SW) |
|
|
|
|
|
|
|
|
|||
|
Solicitor Firm |
: |
TEO KENG SIANG & PARTNERS |
|
|
|
|
|
||||||
|
Plaintiff |
: |
CHUA TECK LIONG |
|
|
|
||||||||
|
Defendants |
: |
|
|
|
|
||||||||
|
Amount Claimed |
: |
13507.50 |
|
|
|
|
|
|
|
|
|||
|
Nature of Claim |
: |
SGD |
|
|
|
|
|
|
|
|
|||
|
Remark |
: |
TORT-NEGLIGENCE |
|
|
|
||||||||
|
|
|
|
|
|
|
|
|
|
|
|
|||
|
|
|
|
|
|
|
||||||||
|
|
|
|
|
|
|
|
|
|
|
|
|||
|
Code No |
: |
99 |
Case No |
: |
18518 |
|
|
|
|
|
|||
|
Year |
: |
2014 |
Place |
: |
SINGAPORE |
|
|
|
|
|
|||
|
Court |
: |
MAGISTRATE COURT |
|
|
|
|
|
|
|
|
|||
|
Date Filed |
: |
02/10/2014 |
|
|
|
|
|
|
|
|
|||
|
Solicitor |
: |
POON CHOON KOW DANIEL |
|
|
|
|
|
|
|
|
|||
|
Solicitor Ref |
: |
DP.8467.14.PSG |
|
|
|
|
|
|
|
|
|||
|
Solicitor Firm |
: |
DANIEL POON & CO. |
|
|
|
|
|
||||||
|
Plaintiff |
: |
IT PORTLINK SDN. BHD. |
|
|
|
||||||||
|
Defendants |
: |
|
|
|
|
||||||||
|
Amount Claimed |
: |
10110 |
|
|
|
|
|
|
|
|
|||
|
Nature of Claim |
: |
SGD |
|
|
|
|
|
|
|
|
|||
|
Remark |
: |
NEGLIGENCE |
|
|
|
||||||||
|
|
|
|
|
|
|
|
|
|
|
|
|||
|
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 it's suppliers.
CLIENTELE
|
|
Local |
: |
YES |
Percentage |
: |
80% |
|
Domestic Markets |
: |
SINGAPORE |
|||
|
Overseas |
: |
YES |
Percentage |
: |
20% |
|
Export Market |
: |
ASIA |
|||
|
Credit Term |
: |
N/A |
|||
|
|
|
|
|
|
|
|
Payment Mode |
: |
N/A |
|||
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
OPERATIONS
|
|
Products manufactured |
: |
|
|
Total Number of Employees: |
|
||||||||
|
YEAR |
2014 |
2013 |
2012 |
2011 |
2010 |
|
|||
|
|
|||||||||
|
GROUP |
N/A |
N/A |
N/A |
N/A |
N/A |
|
|
|
|
|
COMPANY |
30 |
30 |
30 |
20 |
20 |
|
|
|
|
|
Branch |
: |
NO
|
Other Information:
The Subject is principally engaged in the (as a / as an) manufacture of
refrigerant products and its related parts.
The Subject engages in the following activities:
* supplier of refrigerants for air-conditioning, refrigeration and automobile
a/c industries
* wholesale of industrial machinery and equipment
* import, re-packaging & distribution and export of a complete range of
refrigerants & engineering support
Products and services:
* air conditioning parts
* refrigerants
* blowing agents
* refrigerating equipment parts & supplies
* gas: industrial & medical
Trade names/brands:
* forane - refrigerants, blowing agents
* kalton - refrigerants, blowing agents
* solkane - refrigerants, blowing agents
* national - refrigerants, blowing agents
CURRENT INVESTIGATION
|
Latest fresh investigations carried out on the Subject indicated that :
|
Telephone Number Provided By Client |
: |
N/A |
|
Current Telephone Number |
: |
65-68633036 |
|
Match |
: |
N/A |
|
|
|
|
|
Address Provided by Client |
: |
9 TUAS LINK 1 SINGAPORE 638587 |
|
Current Address |
: |
9 TUAS LINK 1, 638587, SINGAPORE. |
|
Match |
: |
YES |
|
|
|
|
|
|
||
|
|
||
Other Investigations
We contacted one of the staff from the Subject and she provided some
information on the Subject.
FINANCIAL ANALYSIS
|
|
|
|
The Subject is a private exempt company
which does not need to file in its accounts with the Registrar of Companies
for the information of the public. Therefore, we are not able to comment on
the Subject's financial performance. |
||||||
|
|
|
|
|
|
|
|
|
Overall
financial condition of the Subject : N/A |
||||||
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 : |
MANUFACTURING |
|
|
|
|
|
|
|
In the third quarter of 2014, manufacturing output has increased by
1.9%, extending the 1.5% growth in the previous quarter. Growth was largely driven
by the biomedical manufacturing and chemicals clusters. Besides, for the
whole 2013, the manufacturing sector grew by 1.7%, an uptick from the 0.3%
growth recorded in the previous year. All clusters recorded an expansion in
2013, except the biomedical manufacturing cluster. |
|
|
|
|
|
The chemicals cluster grew by 5.2% in the third quarter of 2014.
Growth was led by the petrochemicals and specialty chemicals segments, which
expanded by 8.9% and 7.1% respectively. By contrast, the petroleum segment contracted
by 4.2% in the third quarter of 2014 due to plant maintenance shutdowns. For
the year of 2013, the chemicals cluster grew only by 0.7%. |
|
|
|
|
|
Besides, output of the biomedical manufacturing cluster expanded by
9.0% in the third quarter of 2014. The medical technology segment posted
robust growth of 23% due to higher production of medical instruments and
supplies, while the output of the pharmaceuticals segment rose by 6.2%.
However, in the whole of 2013, the biomedical manufacturing cluster recorded
only a flat growth. |
|
|
|
|
|
In the third quarter of 2014, the transport engineering cluster
contracted by 2.0%, dragged down by the aerospace segment. Output in the
aerospace segment plunged by 18% on the back of fewer repair jobs from
commercial airlines. This was mitigated by the 4.1% growth in the marine
& offshore engineering segment, which was supported by higher
contributions from rig building projects. Nonetheless, for the whole of 2013,
the transport engineering cluster grew by 5.2%. |
|
|
|
|
|
Moreover, output of the precision engineering cluster increased by
1.3% in the third quarter of 2014. The machinery & systems segment grew
by 6.2%, supported by higher demand for semiconductor-related equipment and
mechanical engineering work. This was partly offset by the decline in the
output of the precision modules & components segment. Conversely, in the
full year of 2013, the precision engineering cluster's output declined by
5.6%. |
|
|
|
|
|
Furthermore, in the third quarter of 2014, output of the general
manufacturing industries declined by 3.0%. The 2.1% growth in the food,
beverages & tobacco segment was more than offset by declines in the other
two segments. In particular, the miscellaneous industries segment contracted
by 4.7% on the back of lower output in construction-related products, such as
concrete & cement products and steel structural components. For the full
year of 2013, the general manufacturing cluster grew by 2.8%. |
|
|
|
|
|
Besides, in the third quarter of 2014, the electronics cluster
expanded by 0.9%, reversing the 5.0% contraction in the previous quarter.
Growth was supported by an expansion in the computer peripherals (6.3%) and
data storage (2.6%) segments. Moreover, for the year 2013, the electronics
cluster expanded by 3.5%. |
|
|
|
|
|
OVERALL INDUSTRY
OUTLOOK : MATURE |
|
CREDIT RISK EVALUATION & RECOMMENDATION
|
|
|
|
|
PROFIT AND LOSS ACCOUNT
|
|
|
|
THE FINANCIAL
STATEMENTS WERE PREPARED IN ACCORDANCE WITH SINGAPORE FINANCIAL REPORTING
STANDARDS. |
|
KALTECH
ENGINEERING & REFRIGERATION PTE LTD |
|
Financial Year End |
2009-12-31 |
|
Months |
12 |
|
Consolidated Account |
Company |
|
Audited Account |
YES |
|
Unqualified Auditor's Report (Clean
Opinion) |
YES |
|
Financial Type |
SUMMARY |
|
Currency |
SGD |
|
|
|
|
TURNOVER |
24,169,226 |
|
|
---------------- |
|
Total Turnover |
24,169,226 |
|
|
---------------- |
|
|
|
|
PROFIT/(LOSS) FROM OPERATIONS |
1,345,806 |
|
|
---------------- |
|
PROFIT/(LOSS) BEFORE TAXATION |
1,345,806 |
|
Taxation |
(242,257) |
|
|
---------------- |
|
PROFIT/(LOSS) AFTER TAXATION |
1,103,549 |
|
|
---------------- |
|
PROFIT/(LOSS) BEFORE EXTRAORDINARY ITEMS |
1,103,549 |
|
|
---------------- |
|
PROFIT/(LOSS) ATTRIBUTABLE TO SHAREHOLDERS |
1,103,549 |
|
RETAINED PROFIT/(LOSS)
BROUGHT FORWARD |
|
|
As previously reported |
4,191,508 |
|
|
---------------- |
|
As restated |
4,191,508 |
|
|
---------------- |
|
PROFIT AVAILABLE FOR APPROPRIATIONS |
5,295,057 |
|
|
---------------- |
|
RETAINED PROFIT/(LOSS) CARRIED FORWARD |
5,295,057 |
|
|
============= |
BALANCE SHEET
|
|
|
|
KALTECH
ENGINEERING & REFRIGERATION PTE LTD |
|
ASSETS EMPLOYED: |
|
|
FIXED ASSETS |
1,217,075 |
|
|
|
|
|
---------------- |
|
TOTAL LONG TERM ASSETS |
1,217,075 |
|
|
|
|
TOTAL CURRENT ASSETS |
8,266,100 |
|
|
---------------- |
|
TOTAL ASSET |
9,483,175 |
|
|
============= |
|
|
|
|
TOTAL CURRENT LIABILITIES |
3,013,853 |
|
|
---------------- |
|
NET CURRENT ASSETS/(LIABILITIES) |
5,252,247 |
|
|
---------------- |
|
TOTAL NET ASSETS |
6,469,322 |
|
|
============= |
|
|
|
|
SHARE CAPITAL |
|
|
Ordinary share capital |
1,000,000 |
|
|
---------------- |
|
TOTAL SHARE CAPITAL |
1,000,000 |
|
|
|
|
Retained profit/(loss) carried forward |
5,295,057 |
|
Others |
0 |
|
|
---------------- |
|
TOTAL RESERVES |
5,295,057 |
|
|
|
|
|
---------------- |
|
SHAREHOLDERS' FUNDS/EQUITY |
6,295,057 |
|
|
|
|
TOTAL LONG TERM LIABILITIES |
174,265 |
|
|
---------------- |
|
|
6,469,322 |
|
|
============= |
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs. 63.31 |
|
|
1 |
Rs. 98.67 |
|
Euro |
1 |
Rs. 78.10 |
INFORMATION DETAILS
|
Analysis Done by
: |
RSM |
|
|
|
|
Report Prepared
by : |
DPT |
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.