|
Report Date : |
14.01.2014 |
IDENTIFICATION DETAILS
|
Name : |
GRANULES SINGAPORE PTE. LTD. |
|
|
|
|
Registered Office : |
10, Jalan Besar, 10-12, Sim Lim Tower, 208787 |
|
|
|
|
Country : |
Singapore |
|
|
|
|
Financials (as on) : |
31.03.2011 |
|
|
|
|
Date of Incorporation : |
18.11.2008 |
|
|
|
|
Reg. No.: |
200821741-D |
|
|
|
|
Legal Form : |
Private Limited |
|
|
|
|
Line of Business : |
The Subject is principally engaged in the (as a / as an) dormant. |
|
|
|
|
No. of Employees : |
Not Available |
RATING & COMMENTS
|
MIRA’s Rating : |
C |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
<10 |
C |
Absolute credit risk exists. Caution needed to be exercised |
Credit not
recommended |
|
Status : |
Dissolved |
|
Payment Behaviour : |
-- |
|
Litigation : |
-- |
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. |
: |
200821741-D |
|
COMPANY NAME |
: |
GRANULES SINGAPORE PTE. LTD. |
|
FORMER NAME |
: |
N/A |
|
INCORPORATION DATE |
: |
18/11/2008 |
|
COMPANY STATUS |
: |
DISOLVED |
|
LEGAL FORM |
: |
PRIVATE LIMITED |
|
LISTED STATUS |
: |
NO |
|
REGISTERED ADDRESS |
: |
10, JALAN BESAR, 10-12, SIM LIM TOWER, 208787, SINGAPORE. |
|
BUSINESS ADDRESS |
: |
N/A |
|
TEL.NO. |
: |
N/A |
|
FAX.NO. |
: |
N/A |
|
CONTACT PERSON |
: |
N/A |
|
PRINCIPAL ACTIVITY |
: |
DORMANT |
|
ISSUED AND PAID UP CAPITAL |
: |
11,000.00 ORDINARY SHARE, OF A VALUE OF USD 11,000.00 |
|
SALES |
: |
N/A |
|
NET WORTH |
: |
USD (17,494) [2011] |
|
STAFF STRENGTH |
: |
N/A |
|
LITIGATION |
: |
CLEAR |
|
FINANCIAL CONDITION |
: |
N/A |
|
PAYMENT |
: |
N/A |
|
MANAGEMENT CAPABILITY |
: |
N/A |
|
COMMERCIAL RISK |
: |
N/A |
|
CURRENCY EXPOSURE |
: |
N/A |
|
GENERAL REPUTATION |
: |
N/A |
|
INDUSTRY OUTLOOK |
: |
NOT YET DETERMINED |
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) dormant.
The ultimate holding company of the Subject is GRANULES INDIA LIMITED, a
company incorporated in INDIA.
Share Capital History
|
Date |
Issue & Paid Up Capital |
|
13/01/2014 |
USD 11,000.00 |
The major shareholder(s) of the Subject are shown as follows :
|
Name |
Address |
IC/PP/Loc No |
Shareholding |
(%) |
|
GRANULES INDIA LIMITED |
3RD BLOCK, MY HOME HUB, MADHAPUR HYDERABAD 500081, 2ND FLOOR, INDIA. |
T08UF4114 |
11,000.00 |
100.00 |
|
|
|
|
--------------- |
------ |
|
|
|
|
11,000.00 |
100.00 |
|
|
|
|
============ |
===== |
+ Also Director
DIRECTOR 1
|
Name Of Subject |
: |
BEULAH SHANTHINI |
|
Address |
: |
190, HOLLAND ROAD, TOHO MANSION, 278585, SINGAPORE. |
|
IC / PP No |
: |
S2696645J |
|
Nationality |
: |
SINGAPOREAN |
|
Date of Appointment |
: |
18/11/2008 |
DIRECTOR 2
|
Name Of Subject |
: |
CHIGURUPATI KRISHNA PRASAD |
|
Address |
: |
PLOT, 512/M, ROAD 31, JUBILEE HILLS, HYDERABAD AP, INDIA. |
|
IC / PP No |
: |
Z139564 |
|
|
|
|
|
Nationality |
: |
INDIAN |
|
Date of Appointment |
: |
18/11/2008 |
No data found in our databank.
|
Auditor |
: |
MGI N RAJAN ASSOCIATES |
|
Auditor' Address |
: |
N/A |
|
1) |
Company Secretary |
: |
BEULAH SHANTHINI |
|
|
IC / PP No |
: |
S2696645J |
|
|
|
|
|
|
|
Address |
: |
190, HOLLAND ROAD, TOHO MANSION, 278585, SINGAPORE. |
|
|
|
|
|
No Banker found in our databank.
No encumbrance was found in our databank at the time of investigation.
* 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 |
|
|
|
|
No data found in our databank.
Branch : NO
Other Information:
The Subject is principally engaged in the (as a / as an) dormant.
Latest fresh investigations carried out on the Subject indicated that :
|
Telephone Number Provided By Client |
: |
N/A |
|
Current Telephone Number |
: |
N/A |
|
Match |
: |
N/A |
|
|
|
|
|
Address Provided by Client |
: |
10 JALANBESAR, UNIT #10-12, SIM LIM TOWER, SINGAPORE 208787 |
|
Current Address |
: |
N/A |
|
Match |
: |
N/A |
|
|
|
|
Other Investigations
On 10th January 2014 we contacted Mr Ja from the Registered office and he informed
that the Subject had been struck off since 12/12/2012.
The address provided belongs to the Subject's registered office.
|
The Subject is a dormant company. Thus it is not appropriate for us to
comment on the SC's financial performance. |
||||||
|
|
|
|
|
|
|
|
|
Overall financial condition of the Subject : N/A |
||||||
|
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 : |
DORMANT |
|
|
|
|
|
|
|
The SC is a dormant company and it is not active in its business
operation. |
|
|
|
|
|
OVERALL INDUSTRY OUTLOOK : NOT YET DETERMINED |
|
|
|
|
THE FINANCIAL STATEMENTS WERE PREPARED IN ACCORDANCE WITH SINGAPORE
FINANCIAL REPORTING STANDARDS. |
|
GRANULES SINGAPORE PTE. LTD. |
|
Financial Year End |
2011-03-31 |
2010-03-31 |
|
Months |
12 |
12 |
|
Consolidated Account |
Company |
Company |
|
Audited Account |
YES |
YES |
|
Unqualified Auditor's Report (Clean Opinion) |
YES |
YES |
|
Financial Type |
FULL |
FULL |
|
Currency |
USD |
USD |
|
|
|
|
|
PROFIT/(LOSS) FROM OPERATIONS |
(9,295) |
(5,634) |
|
|
---------------- |
---------------- |
|
PROFIT/(LOSS) BEFORE TAXATION |
(9,295) |
(5,634) |
|
|
---------------- |
---------------- |
|
PROFIT/(LOSS) AFTER TAXATION |
(9,295) |
(5,634) |
|
|
---------------- |
---------------- |
|
RETAINED PROFIT/(LOSS) BROUGHT FORWARD |
|
|
|
As previously reported |
(9,199) |
(3,565) |
|
|
---------------- |
---------------- |
|
As restated |
(9,199) |
(3,565) |
|
|
---------------- |
---------------- |
|
PROFIT AVAILABLE FOR APPROPRIATIONS |
(18,494) |
(9,199) |
|
|
---------------- |
---------------- |
|
RETAINED PROFIT/(LOSS) CARRIED FORWARD |
(18,494) |
(9,199) |
|
|
============= |
============= |
|
|
|
|
|
GRANULES SINGAPORE PTE. LTD. |
|
CURRENT ASSETS |
|
|
|
Other debtors, deposits & prepayments |
2,375 |
1,971 |
|
Cash & bank balances |
10,220 |
556 |
|
|
---------------- |
---------------- |
|
TOTAL CURRENT ASSETS |
12,595 |
2,527 |
|
|
---------------- |
---------------- |
|
TOTAL ASSET |
12,595 |
2,527 |
|
|
============= |
============= |
|
|
|
|
|
CURRENT LIABILITIES |
|
|
|
Other creditors & accruals |
15,089 |
5,723 |
|
Amounts owing to holding company |
15,000 |
5,003 |
|
|
---------------- |
---------------- |
|
TOTAL CURRENT LIABILITIES |
30,089 |
10,726 |
|
|
---------------- |
---------------- |
|
NET CURRENT ASSETS/(LIABILITIES) |
(17,494) |
(8,199) |
|
|
---------------- |
---------------- |
|
TOTAL NET ASSETS |
(17,494) |
(8,199) |
|
|
============= |
============= |
|
|
|
|
|
SHARE CAPITAL |
|
|
|
Ordinary share capital |
1,000 |
1,000 |
|
|
---------------- |
---------------- |
|
TOTAL SHARE CAPITAL |
1,000 |
1,000 |
|
|
|
|
|
RESERVES |
|
|
|
Retained profit/(loss) carried forward |
(18,494) |
(9,199) |
|
|
---------------- |
---------------- |
|
TOTAL RESERVES |
(18,494) |
(9,199) |
|
|
|
|
|
|
---------------- |
---------------- |
|
SHAREHOLDERS' FUNDS/EQUITY |
(17,494) |
(8,199) |
|
|
|
|
|
|
---------------- |
---------------- |
|
|
(17,494) |
(8,199) |
|
|
============= |
============= |
|
|
|
|
|
GRANULES SINGAPORE PTE. LTD. |
|
TYPES OF FUNDS |
|
|
|
Cash |
10,220 |
556 |
|
Net Liquid Funds |
10,220 |
556 |
|
Net Liquid Assets |
(17,494) |
(8,199) |
|
Net Current Assets/(Liabilities) |
(17,494) |
(8,199) |
|
Net Tangible Assets |
(17,494) |
(8,199) |
|
Net Monetary Assets |
(17,494) |
(8,199) |
|
BALANCE SHEET ITEMS |
|
|
|
Total Borrowings |
0 |
0 |
|
Total Liabilities |
30,089 |
10,726 |
|
Total Assets |
12,595 |
2,527 |
|
Net Assets |
(17,494) |
(8,199) |
|
Net Assets Backing |
(17,494) |
(8,199) |
|
Shareholders' Funds |
(17,494) |
(8,199) |
|
Total Share Capital |
1,000 |
1,000 |
|
Total Reserves |
(18,494) |
(9,199) |
|
LIQUIDITY (Times) |
|
|
|
Cash Ratio |
0.34 |
0.05 |
|
Liquid Ratio |
0.42 |
0.24 |
|
Current Ratio |
0.42 |
0.24 |
|
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 |
(1.72) |
(1.31) |
|
Times Interest Earned Ratio |
0.00 |
0.00 |
|
Assets Backing Ratio |
1.00 |
1.00 |
|
PERFORMANCE RATIO (%) |
|
|
|
Operating Profit Margin |
0.00 |
0.00 |
|
Net Profit Margin |
0.00 |
0.00 |
|
Return On Net Assets |
53.13 |
68.72 |
|
Return On Capital Employed |
53.13 |
68.72 |
|
Return On Shareholders' Funds/Equity |
53.13 |
68.72 |
|
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.61.52 |
|
|
1 |
Rs.101.48 |
|
Euro |
1 |
Rs.84.11 |
INFORMATION DETAILS
|
Report Prepared
by : |
SDA |
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.