|
Report Date : |
05.07.2014 |
IDENTIFICATION DETAILS
|
Name : |
NYNAS PTE. LTD. |
|
|
|
|
Registered Office : |
112 Robinson Road, 05- 01 Robinson 112, 068902 |
|
|
|
|
Country : |
Singapore |
|
|
|
|
Financials (as on) : |
31.12.2012 |
|
|
|
|
Date of Incorporation : |
24.12.2007 |
|
|
|
|
Com. Reg. No.: |
200723567-N |
|
|
|
|
Legal Form : |
Private Limited |
|
|
|
|
Line of Business : |
Wholesale of Petrochemical Products |
|
|
|
|
No. of Employees : |
12 [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 |
|
Moderately Low Risk |
B1 |
|
Moderate Risk |
B2 |
|
Moderately 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. |
: |
200723567-N |
|
COMPANY NAME |
: |
NYNAS PTE. LTD. |
|
FORMER NAME |
: |
N/A |
|
INCORPORATION DATE |
: |
24/12/2007 |
|
COMPANY STATUS |
: |
EXIST |
|
LEGAL FORM |
: |
PRIVATE LIMITED |
|
LISTED STATUS |
: |
NO |
|
REGISTERED ADDRESS |
: |
112 ROBINSON ROAD, 05- 01 ROBINSON 112, 068902, SINGAPORE. |
|
BUSINESS ADDRESS |
: |
112 ROBINSON ROAD #05- 01 ROBINSON 112, 068902, SINGAPORE. |
|
TEL.NO. |
: |
65-68726468 |
|
FAX.NO. |
: |
N/A |
|
CONTACT PERSON |
: |
PER ANDERS DAHLSTEDT ( DIRECTOR ) |
|
PRINCIPAL ACTIVITY |
: |
WHOLESALE OF PETROCHEMICAL PRODUCTS |
|
ISSUED AND PAID UP CAPITAL |
: |
36,720.00 ORDINARY SHARE, OF A VALUE OF SGD 36,720.00 |
|
SALES |
: |
SGD 130,105,773 [2012] |
|
NET WORTH |
: |
SGD 6,859,330 [2012] |
|
STAFF STRENGTH |
: |
12 [2014] |
|
LITIGATION |
: |
CLEAR |
|
FINANCIAL CONDITION |
: |
STABLE |
|
PAYMENT |
: |
GOOD |
|
MANAGEMENT CAPABILITY |
: |
AVERAGE |
|
COMMERCIAL RISK |
: |
N/A |
|
CURRENCY EXPOSURE |
: |
N/A |
|
GENERAL REPUTATION |
: |
SATISFACTORY |
|
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) wholesale of
petrochemical products.
The immediate holding company of the Subject is NYNAS AB (PUBL), a
company incorporated in SINGAPORE.
Share Capital History
|
Date |
Issue & Paid Up Capital |
|
02/07/2014 |
SGD 36,720.00 |
The major shareholder(s) of the Subject are shown as follows :
|
Name |
Address |
IC/PP/Loc No |
Shareholding |
(%) |
|
NYNAS AB (PUBL) |
BOX 10700, SE-121 29 STOCKHOLM, SWEDEN. |
T08UF0593 |
36,720.00 |
100.00 |
|
--------------- |
------ |
|||
|
36,720.00 |
100.00 |
|||
|
============ |
===== |
+ Also Director
DIRECTOR 1
|
Name Of Subject |
: |
PASCAL ALBERT JOHAN VERHOIE |
|
Address |
: |
6 MARTIN PLACE 06-09, MARTIN PLACE RESIDENCES, 237990, SINGAPORE. |
|
IC / PP No |
: |
G5361872W |
|
Nationality |
: |
BELGIAN |
|
Date of Appointment |
: |
25/10/2012 |
DIRECTOR 2
|
Name Of Subject |
: |
PER ANDERS DAHLSTEDT |
|
Address |
: |
OSTRA STRANDVAGEN 18, SE-136 73 HANINGE, SWEDEN. |
|
IC / PP No |
: |
80702813 |
|
Nationality |
: |
SWEDE |
|
Date of Appointment |
: |
24/12/2007 |
DIRECTOR 3
|
Name Of Subject |
: |
MARIA LUNDIN OLANDERSSON |
|
Address |
: |
KLINGSTA GARD 17, 182 33 DANDERYD, SWEDEN. |
|
IC / PP No |
: |
82127542 |
|
Nationality |
: |
SWEDE |
|
Date of Appointment |
: |
25/10/2012 |
|
1) |
Name of Subject |
: |
PER ANDERS DAHLSTEDT |
|
Position |
: |
DIRECTOR |
|
Auditor |
: |
ERNST & YOUNG LLP |
|
Auditor' Address |
: |
N/A |
|
1) |
Company Secretary |
: |
CHAN CHOW PHENG |
|
IC / PP No |
: |
1298885J |
|
|
Address |
: |
59, TELOK BLANGAH HEIGHTS, 04-11, 100059, 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 |
The staff from the registered office refused to disclose the Subject's
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 |
[ |
] |
Good 31-60 Days |
[ |
X |
] |
Average 61-90 Days |
[ |
] |
|||||
|
Fair 91-120 Days |
[ |
] |
Poor >120 Days |
[ |
] |
|||||||||
|
Local |
: |
N/A |
|
Overseas |
: |
N/A |
The staff from the registered office refused to disclose the Subject's
clientele.
|
Goods Traded |
: |
PETROCHEMICAL PRODUCTS |
|
|
Total Number of Employees: |
|||||||||
|
YEAR |
2014 |
||||||||
|
|
|||||||||
|
GROUP |
N/A |
||||||||
|
COMPANY |
12 |
||||||||
|
Branch |
: |
NO |
Other Information:
The Subject is principally engaged in the (as a / as an) wholesale of
petrochemical products.
The staff from the registered office refused to disclose the Subject's
operation.
Latest fresh investigations carried out on the Subject indicated that :
|
Telephone Number Provided By Client |
: |
N/A |
|
Current Telephone Number |
: |
65-68726468 |
|
Match |
: |
N/A |
|
Address Provided by Client |
: |
3 FUSIONOPOLIS LINK, #02-12 NEXUS @ ONE NORTH SINGAPORE 138543 |
|
Current Address |
: |
112 ROBINSON ROAD #05- 01 ROBINSON 112, 068902, SINGAPORE. |
|
Match |
: |
NO |
Other Investigations
On 1st July 2014 we contacted one of the staff from the Subject's registered
office and she provided limited information.
She refused to disclose the Subject's fax number.
She is not aware of the address provided.
|
Profitability |
||||||
|
Turnover |
: |
Decreased |
[ |
3.22% |
] |
|
|
Profit/(Loss) Before Tax |
: |
Decreased |
[ |
2.69% |
] |
|
|
Return on Shareholder Funds |
: |
Favourable |
[ |
159.67% |
] |
|
|
Return on Net Assets |
: |
Favourable |
[ |
194.93% |
] |
|
|
The lower turnover could be due to the unfavourable market
conditions.The dip in profit could be due to the stiff market competition
which reduced the Subject's profit margin. 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 |
: |
Favourable |
[ |
25 Days |
] |
|
|
Debtor Ratio |
: |
Favourable |
[ |
38 Days |
] |
|
|
Creditors Ratio |
: |
Favourable |
[ |
6 Days |
] |
|
|
The Subject's stocks were moving fast thus reducing its holding cost.
This had reduced funds being tied up in 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 |
: |
Acceptable |
[ |
0.88 Times |
] |
|
|
Current Ratio |
: |
Unfavourable |
[ |
1.35 Times |
] |
|
|
The Subject's liquid ratio was slightly low. This could indicate that
the Subject's working capital was slightly deficient. The Subject will have
to improve its liquidity position either by obtaining short term financing or
increase its paid up capital so that it can meet all its short term
obligations as and when they fall due. |
||||||
|
Solvency |
||||||
|
Interest Cover |
: |
Favourable |
[ |
106.20 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's performance deteriorated over the years with lower
turnover and profit. The Subject's liquidity was at an acceptable range. If
the Subject is able to obtain further short term financing, it should be able
to meet all 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 : STABLE |
||||||
|
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 : |
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 |
|
|
Based on the above condition, we recommend credit be granted to the
Subject promptly. |
|
|
|
THE FINANCIAL STATEMENTS WERE PREPARED IN ACCORDANCE WITH SINGAPORE
FINANCIAL REPORTING STANDARDS. |
|
Financial Year End |
2012-12-31 |
2011-12-31 |
|
Months |
12 |
12 |
|
Consolidated Account |
Company |
Company |
|
Audited Account |
YES |
YES |
|
Unqualified Auditor's Report (Clean Opinion) |
YES |
YES |
|
Financial Type |
FULL |
FULL |
|
Currency |
SGD |
SGD |
|
TURNOVER |
130,105,773 |
134,429,993 |
|
Other Income |
1,774,686 |
1,011,475 |
|
---------------- |
---------------- |
|
|
Total Turnover |
131,880,459 |
135,441,468 |
|
Costs of Goods Sold |
(112,458,237) |
(118,619,379) |
|
---------------- |
---------------- |
|
|
Gross Profit |
19,422,222 |
16,822,089 |
|
---------------- |
---------------- |
|
|
PROFIT/(LOSS) FROM OPERATIONS |
13,266,642 |
13,633,383 |
|
---------------- |
---------------- |
|
|
PROFIT/(LOSS) BEFORE TAXATION |
13,266,642 |
13,633,383 |
|
Taxation |
(2,314,376) |
(2,320,692) |
|
---------------- |
---------------- |
|
|
PROFIT/(LOSS) AFTER TAXATION |
10,952,266 |
11,312,691 |
|
---------------- |
---------------- |
|
|
RETAINED PROFIT/(LOSS) BROUGHT FORWARD |
||
|
As previously reported |
15,857,064 |
4,544,373 |
|
---------------- |
---------------- |
|
|
As restated |
15,857,064 |
4,544,373 |
|
---------------- |
---------------- |
|
|
PROFIT AVAILABLE FOR APPROPRIATIONS |
26,809,330 |
15,857,064 |
|
DIVIDENDS - Ordinary (paid & proposed) |
(20,000,000) |
- |
|
---------------- |
---------------- |
|
|
RETAINED PROFIT/(LOSS) CARRIED FORWARD |
6,809,330 |
15,857,064 |
|
============= |
============= |
|
|
INTEREST EXPENSE (as per notes to P&L) |
||
|
Others |
126,103 |
134,713 |
|
---------------- |
---------------- |
|
|
126,103 |
134,713 |
|
|
============= |
============= |
|
ASSETS EMPLOYED: |
||
|
FIXED ASSETS |
213,783 |
291,676 |
|
---------------- |
---------------- |
|
|
TOTAL LONG TERM ASSETS |
213,783 |
291,676 |
|
Stocks |
8,971,265 |
7,535,101 |
|
Trade debtors |
13,407,117 |
11,531,542 |
|
Other debtors, deposits & prepayments |
177,741 |
128,064 |
|
Amount due from holding company |
1,437,060 |
67,437 |
|
Cash & bank balances |
1,653,568 |
2,596,821 |
|
Others |
- |
20,532 |
|
---------------- |
---------------- |
|
|
TOTAL CURRENT ASSETS |
25,646,751 |
21,879,497 |
|
---------------- |
---------------- |
|
|
TOTAL ASSET |
25,860,534 |
22,171,173 |
|
============= |
============= |
|
|
CURRENT LIABILITIES |
||
|
Trade creditors |
1,718,224 |
1,304,926 |
|
Other creditors & accruals |
83,502 |
103,408 |
|
Amounts owing to holding company |
12,360,569 |
1,221,817 |
|
Amounts owing to related companies |
49,753 |
119,149 |
|
Provision for taxation |
4,278,059 |
2,321,968 |
|
Other liabilities |
499,897 |
1,181,641 |
|
---------------- |
---------------- |
|
|
TOTAL CURRENT LIABILITIES |
18,990,004 |
6,252,909 |
|
---------------- |
---------------- |
|
|
NET CURRENT ASSETS/(LIABILITIES) |
6,656,747 |
15,626,588 |
|
---------------- |
---------------- |
|
|
TOTAL NET ASSETS |
6,870,530 |
15,918,264 |
|
============= |
============= |
|
|
SHARE CAPITAL |
||
|
Ordinary share capital |
50,000 |
50,000 |
|
---------------- |
---------------- |
|
|
TOTAL SHARE CAPITAL |
50,000 |
50,000 |
|
Retained profit/(loss) carried forward |
6,809,330 |
15,857,064 |
|
---------------- |
---------------- |
|
|
TOTAL RESERVES |
6,809,330 |
15,857,064 |
|
---------------- |
---------------- |
|
|
SHAREHOLDERS' FUNDS/EQUITY |
6,859,330 |
15,907,064 |
|
Deferred taxation |
11,200 |
11,200 |
|
---------------- |
---------------- |
|
|
TOTAL LONG TERM LIABILITIES |
11,200 |
11,200 |
|
---------------- |
---------------- |
|
|
6,870,530 |
15,918,264 |
|
|
============= |
============= |
|
|
TYPES OF FUNDS |
||
|
Cash |
1,653,568 |
2,596,821 |
|
Net Liquid Funds |
1,653,568 |
2,596,821 |
|
Net Liquid Assets |
(2,314,518) |
8,091,487 |
|
Net Current Assets/(Liabilities) |
6,656,747 |
15,626,588 |
|
Net Tangible Assets |
6,870,530 |
15,918,264 |
|
Net Monetary Assets |
(2,325,718) |
8,080,287 |
|
BALANCE SHEET ITEMS |
||
|
Total Borrowings |
0 |
0 |
|
Total Liabilities |
19,001,204 |
6,264,109 |
|
Total Assets |
25,860,534 |
22,171,173 |
|
Net Assets |
6,870,530 |
15,918,264 |
|
Net Assets Backing |
6,859,330 |
15,907,064 |
|
Shareholders' Funds |
6,859,330 |
15,907,064 |
|
Total Share Capital |
50,000 |
50,000 |
|
Total Reserves |
6,809,330 |
15,857,064 |
|
LIQUIDITY (Times) |
||
|
Cash Ratio |
0.09 |
0.42 |
|
Liquid Ratio |
0.88 |
2.29 |
|
Current Ratio |
1.35 |
3.50 |
|
WORKING CAPITAL CONTROL (Days) |
||
|
Stock Ratio |
25 |
20 |
|
Debtors Ratio |
38 |
31 |
|
Creditors Ratio |
6 |
4 |
|
SOLVENCY RATIOS (Times) |
||
|
Gearing Ratio |
0.00 |
0.00 |
|
Liabilities Ratio |
2.77 |
0.39 |
|
Times Interest Earned Ratio |
106.20 |
102.20 |
|
Assets Backing Ratio |
137.41 |
318.37 |
|
PERFORMANCE RATIO (%) |
||
|
Operating Profit Margin |
10.20 |
10.14 |
|
Net Profit Margin |
8.42 |
8.42 |
|
Return On Net Assets |
194.93 |
86.49 |
|
Return On Capital Employed |
194.93 |
86.49 |
|
Return On Shareholders' Funds/Equity |
159.67 |
71.12 |
|
Dividend Pay Out Ratio (Times) |
1.83 |
0.00 |
|
NOTES TO ACCOUNTS |
||
|
Contingent Liabilities |
0 |
0 |
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.59.79 |
|
|
1 |
Rs.102.66 |
|
Euro |
1 |
Rs.81.32 |
INFORMATION DETAILS
|
Analysis Done by
: |
KAR |
|
|
|
|
Report Prepared
by : |
NNA |
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.