|
Report Date : |
05.02.2014 |
|
|
|
|
Tel. No.: |
+65 64384342 |
|
Fax No.: |
+65 64384758 |
IDENTIFICATION DETAILS
|
Name : |
NEWGEN RESOURCES PTE. LTD. |
|
|
|
|
Registered Office : |
65, Chulia Street, 38-04, OCBC Centre, 049513 |
|
|
|
|
Country : |
Singapore |
|
|
|
|
Financials (as on) : |
31.03.2013 |
|
|
|
|
Date of Incorporation : |
09.10.2012 |
|
|
|
|
Com. Reg. No.: |
201224884-N |
|
|
|
|
Legal Form : |
Private Limited |
|
|
|
|
Line of Business : |
Trading of coal and metal scraps |
|
|
|
|
No. of Employees : |
Not Available |
RATING & COMMENTS
|
MIRA’s Rating : |
B |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
|
Status : |
Moderate |
|
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 – September 30, 2013
|
Country Name |
Previous Rating (30.06.2013) |
Current Rating (30.09.2013) |
|
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 |
|
REGISTRATION NO. |
: |
201224884-N |
||||
|
COMPANY NAME |
: |
NEWGEN RESOURCES PTE. LTD. |
||||
|
FORMER NAME |
: |
N/A |
||||
|
INCORPORATION DATE |
: |
09/10/2012 |
||||
|
COMPANY STATUS |
: |
EXIST |
||||
|
LEGAL FORM |
: |
PRIVATE LIMITED |
||||
|
LISTED STATUS |
: |
NO |
||||
|
REGISTERED ADDRESS |
: |
65, CHULIA STREET, 38-04, OCBC CENTRE, 049513, SINGAPORE. |
||||
|
BUSINESS ADDRESS |
: |
65, CHULIA STREET, 38-04, OCBC CENTRE, 049153, SINGAPORE. |
||||
|
TEL.NO. |
: |
65-64384642 |
||||
|
FAX.NO. |
: |
65-64384758 |
||||
|
CONTACT PERSON |
: |
SANJIV BATRA ( DIRECTOR ) |
||||
|
PRINCIPAL ACTIVITY |
: |
TRADING OF COAL AND METAL SCRAPS |
||||
|
ISSUED AND PAID UP CAPITAL |
: |
2,001,500.00 ORDINARY SHARE, OF A VALUE OF USD 2,001,500.00 |
||||
|
SALES |
: |
USD 2,911,210 [2013] |
||||
|
NET WORTH |
: |
USD 1,041,073 [2013] |
||||
|
STAFF STRENGTH |
: |
N/A |
||||
|
||||||
|
LITIGATION |
: |
CLEAR |
||||
|
FINANCIAL CONDITION |
: |
FAIR |
||||
|
PAYMENT |
: |
PROMPT |
||||
|
MANAGEMENT CAPABILITY |
: |
AVERAGE |
||||
|
COMMERCIAL RISK |
: |
LOW |
||||
|
CURRENCY EXPOSURE |
: |
MODERATE |
||||
|
GENERAL REPUTATION |
: |
POOR |
||||
|
INDUSTRY OUTLOOK |
: |
AVERAGE GROWTH |
||||
The Subject 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 Subject must have at least two directors. 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, 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 Subject is insolvent. The Subject 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 Subject is principally engaged in the (as a / as an) trading of coal
and metal scraps.
Share Capital History
|
Date |
Issue & Paid Up Capital |
|
30/01/2014 |
USD 2,001,500.00 |
The major shareholder(s) of the Subject are shown as follows :
Name |
Address |
IC/PP/Loc No |
Shareholding |
(%) |
|
JAINSEN HOLDINGS HONG KONG LIMITED |
UNIT 1113A & UNIT 1115, 11/F, GRAND MILLENNIUM PLAZA, COSCO TOWER,
183, QUEEN'S ROAD CENTRAL, HONG KONG. |
T12UF3801 |
1,000,000.00 |
49.96 |
|
NISCHAL JAIN + |
47, A2 KEMPINSKI PVT RESIDENCES, JALAN THAMRIN 1, JAKARTA PUSAT,
10310, INDONESIA. |
Z2044723 |
750.00 |
0.04 |
|
TANVEER AHMED + |
MUBARAK MANZIL CANTONMENT, BELLARY, 583104, INDIA. |
Z2021622 |
750.00 |
0.04 |
|
MINERA STEEL & POWER PVT. LTD |
811/2, NH63, HOSPET ROAD, ALIPUR, BELLARY, KARNATAKA, 583105, INDIA. |
T12UF3802 |
1,000,000.00 |
49.96 |
|
|
|
|
--------------- |
------ |
|
|
|
|
2,001,500.00 |
100.00 |
|
|
|
|
============ |
===== |
+ Also Director
DIRECTOR 1
|
Name Of Subject |
: |
SANJIV BATRA |
|
Address |
: |
57B, DEVONSHIRE ROAD, 16-04, THE SUITES AT CENTRAL, 239899, SINGAPORE. |
|
IC / PP No |
: |
F5590269X |
|
|
|
|
|
|
|
|
|
|
|
|
|
Nationality |
: |
INDIAN |
|
Date of Appointment |
: |
09/10/2012 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
DIRECTOR 2
|
Name Of Subject |
: |
MAHESWARY PRADEEP KUMAR |
|
Address |
: |
2, RIVER VALLEY CLOSE, 20-06, THE REGALIA, 238428, SINGAPORE. |
|
IC / PP No |
: |
S2761509J |
|
|
|
|
|
|
|
|
|
|
|
|
|
Nationality |
: |
SINGAPOREAN |
|
Date of Appointment |
: |
09/10/2012 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
DIRECTOR 3
|
Name Of Subject |
: |
NISCHAL JAIN |
|
Address |
: |
47, A2 KEMPINSKI PVT RESIDENCES, JALAN THAMRIN 1, JAKARTA PUSAT,
10310, INDONESIA. |
|
IC / PP No |
: |
Z2044723 |
|
|
|
|
|
|
|
|
|
|
|
|
|
Nationality |
: |
INDIAN |
|
Date of Appointment |
: |
09/10/2012 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
DIRECTOR 4
|
Name Of Subject |
: |
TANVEER AHMED |
|
Address |
: |
MUBARAK MANZIL CANTONMENT, BELLARY, 583104, INDIA. |
|
IC / PP No |
: |
Z2021622 |
|
|
|
|
|
|
|
|
|
|
|
|
|
Nationality |
: |
INDIAN |
|
Date of Appointment |
: |
09/10/2012 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
1) |
Name of Subject |
: |
SANJIV BATRA |
|
|
Position |
: |
DIRECTOR |
|
|
|
|
|
|
Auditor |
: |
AUDIT TRUST PAC |
|
Auditor' Address |
: |
N/A |
|
1) |
Company Secretary |
: |
WONG LEE CHUIN |
|
|
IC / PP No |
: |
S7329434G |
|
|
|
|
|
|
|
Address |
: |
10, ANSON ROAD, 18-03, INTERNATIONAL PLAZA, 079903, SINGAPORE. |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Banking relations are maintained principally with :
|
1) |
Name |
: |
UNITED OVERSEAS BANK LIMITED |
|
|
|
|
|
|
|
|
|
|
|
|
|
Charge No |
Creation Date |
Charge Description |
Chargee Name |
Total Charge |
Status |
|
C201311871 |
30/08/2013 |
N/A |
UNITED OVERSEAS BANK LIMITED |
- |
Unsatisfied |
|
C201311873 |
30/08/2013 |
N/A |
UNITED OVERSEAS BANK LIMITED |
- |
Unsatisfied |
* 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.
|
|
|
|
|
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 |
[ |
|
] |
|
|
|
|
|
|
|
Local |
: |
YES |
|||
|
Domestic Markets |
: |
SINGAPORE |
|||
|
Overseas |
: |
YES |
|
|
|
|
Export Market |
: |
WORLDWIDE |
|||
|
Credit Term |
: |
N/A |
|||
|
|
|
|
|
|
|
|
Payment Mode |
: |
CHEQUES |
|||
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Goods Traded |
: |
|
|
|
|
|
|
|
Branch |
: |
|
Other Information:
The Subject is principally engaged in the (as a / as an) trading of coal and metal
scraps.
The Subject refused to disclose its operation.
Latest fresh investigations carried out on the Subject indicated that :
|
Telephone Number Provided By Client |
: |
65 64384342 |
|
Current Telephone Number |
: |
65-64384642 |
|
Match |
: |
YES |
|
|
|
|
|
Address Provided by Client |
: |
#38-04 OCBC CENTRE, 65 CHULLA STREE SINGAPORE 049153 |
|
Current Address |
: |
65, CHULIA STREET, 38-04, OCBC CENTRE, 049153, SINGAPORE. |
|
Match |
: |
YES |
|
|
|
|
Other Investigations
On 29th January 2014 we contacted one of the staff from the Subject and she
provided some information.
The Subject refused to disclose its number of employees.
|
Profitability |
|
|
|
|
|
|
|
Return on Shareholder Funds |
: |
Unfavourable |
[ |
3.66% |
] |
|
|
Return on Net Assets |
: |
Unfavourable |
[ |
3.66% |
] |
|
|
|
|
|
|
|
|
|
|
The unfavourable return on shareholders' funds could indicate that the
Subject was inefficient in utilising its assets to generate returns. |
||||||
|
|
|
|
|
|
|
|
|
Working Capital Control |
|
|
|
|
|
|
|
Stock Ratio |
: |
Nil |
[ |
0 Days |
] |
|
|
Debtor Ratio |
: |
Unfavourable |
[ |
66 Days |
] |
|
|
Creditors Ratio |
: |
Favourable |
[ |
0 Days |
] |
|
|
|
|
|
|
|
|
|
|
As the Subject is a service oriented company, the Subject does not
need to keep stocks. The high debtors' ratio could indicate that the Subject
was weak in its credit control. However, the Subject could also giving longer
credit periods to its customers in order to boost its sales or to capture /
retain its market share. 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 |
[ |
12.60 Times |
] |
|
|
Current Ratio |
: |
Favourable |
[ |
12.60 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 |
: |
Favourable |
[ |
4,760.13 Times |
] |
|
|
Gearing Ratio |
: |
Favourable |
[ |
0.00 Times |
] |
|
|
|
|
|
|
|
|
|
|
The interest cover showed that the Subject was able to service the
interest. The favourable interest cover could indicate that the Subject was
making enough profit to pay for the interest accrued. 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 : |
|
|
|
|
|
|
|
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. With
the favourable interest cover, the Subject could be able to service all the
accrued interest without facing any difficulties. 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 : 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) |
|
|
|
|
|
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INDUSTRY : |
TRADING |
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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. |
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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. |
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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%. |
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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. |
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OVERALL INDUSTRY OUTLOOK : AVERAGE GROWTH |
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Incorporated in 2012, the Subject is a Private Limited company,
focusing on trading of coal and metal scraps. Having been in the industry for
2 years, the Subject has started to stabilise its business position in the
market. Having strong support from its shareholder has enabled the Subject to
remain competitive despite the challenging business environment. The capital
standing of the Subject is fair. With an adequate share capital, the Subject
has the potential of expanding its business in future.
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THE FINANCIAL STATEMENTS WERE PREPARED IN ACCORDANCE WITH SINGAPORE
FINANCIAL REPORTING STANDARDS. |
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Financial Year
End |
2013-03-31 |
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Months |
6 |
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Consolidated Account |
Company |
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Audited Account |
YES |
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Unqualified Auditor's Report (Clean Opinion) |
YES |
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Financial Type |
FULL |
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Currency |
USD |
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TURNOVER |
2,911,210 |
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Total Turnover |
2,911,210 |
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Costs of Goods Sold |
(2,874,718) |
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Gross Profit |
36,492 |
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PROFIT/(LOSS) FROM OPERATIONS |
38,073 |
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PROFIT/(LOSS) BEFORE TAXATION |
38,073 |
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PROFIT/(LOSS) AFTER TAXATION |
38,073 |
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RETAINED PROFIT/(LOSS) BROUGHT FORWARD |
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---------------- |
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PROFIT AVAILABLE FOR APPROPRIATIONS |
38,073 |
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RETAINED PROFIT/(LOSS) CARRIED FORWARD |
38,073 |
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INTEREST EXPENSE (as per notes to P&L) |
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Others |
8 |
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8 |
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ASSETS EMPLOYED: |
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FIXED ASSETS |
26,240 |
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TOTAL LONG TERM ASSETS |
26,240 |
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CURRENT ASSETS |
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Trade debtors |
529,050 |
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Other debtors, deposits & prepayments |
66,691 |
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Cash & bank balances |
503,577 |
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Others |
3,000 |
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TOTAL CURRENT ASSETS |
1,102,318 |
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TOTAL ASSET |
1,128,558 |
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CURRENT LIABILITIES |
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Other creditors & accruals |
57,509 |
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Amounts owing to director |
29,976 |
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TOTAL CURRENT LIABILITIES |
87,485 |
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NET CURRENT ASSETS/(LIABILITIES) |
1,014,833 |
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TOTAL NET ASSETS |
1,041,073 |
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SHARE CAPITAL |
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Ordinary share capital |
1,003,000 |
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TOTAL SHARE CAPITAL |
1,003,000 |
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RESERVES |
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Retained profit/(loss) carried forward |
38,073 |
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TOTAL RESERVES |
38,073 |
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SHAREHOLDERS' FUNDS/EQUITY |
1,041,073 |
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1,041,073 |
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TYPES OF FUNDS |
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Cash |
503,577 |
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Net Liquid Funds |
503,577 |
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Net Liquid Assets |
1,014,833 |
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Net Current Assets/(Liabilities) |
1,014,833 |
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Net Tangible Assets |
1,041,073 |
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Net Monetary Assets |
1,014,833 |
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BALANCE SHEET ITEMS |
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Total Borrowings |
0 |
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Total Liabilities |
87,485 |
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Total Assets |
1,128,558 |
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Net Assets |
1,041,073 |
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Net Assets Backing |
1,041,073 |
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Shareholders' Funds |
1,041,073 |
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Total Share Capital |
1,003,000 |
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Total Reserves |
38,073 |
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LIQUIDITY (Times) |
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Cash Ratio |
5.76 |
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Liquid Ratio |
12.60 |
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Current Ratio |
12.60 |
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WORKING CAPITAL CONTROL (Days) |
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Stock Ratio |
0 |
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Debtors Ratio |
66 |
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Creditors Ratio |
0 |
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SOLVENCY RATIOS (Times) |
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Gearing Ratio |
0.00 |
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Liabilities Ratio |
0.08 |
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Times Interest Earned Ratio |
4,760.13 |
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Assets Backing Ratio |
1.04 |
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PERFORMANCE RATIO (%) |
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Operating Profit Margin |
1.31 |
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Net Profit Margin |
1.31 |
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Return On Net Assets |
3.66 |
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Return On Capital Employed |
3.66 |
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Return On Shareholders' Funds/Equity |
3.66 |
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Dividend Pay Out Ratio (Times) |
0.00 |
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NOTES TO ACCOUNTS |
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Contingent Liabilities |
0 |
FOREIGN EXCHANGE RATES
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Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
Rs.62.68 |
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1 |
Rs.101.98 |
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Euro |
1 |
Rs.84.78 |
INFORMATION DETAILS
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Report Prepared
by : |
NNA |
RATING EXPLANATIONS
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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.