|
Report Date : |
30.07.2014 |
IDENTIFICATION DETAILS
|
Name : |
AURIONPRO SCM PTE. LTD. |
|
|
|
|
Registered Office : |
438B, |
|
|
|
|
Country : |
|
|
|
|
|
Financials (as on) : |
31.03.2013 |
|
|
|
|
Date of Incorporation : |
09.11.2009 |
|
|
|
|
Com. Reg. No.: |
200920948-R |
|
|
|
|
Legal Form : |
Private Limited |
|
|
|
|
Line of Business : |
Wholesaler of Computer Software |
|
|
|
|
No of Employees : |
11 [2014] |
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 : |
Slow |
|
|
|
|
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 01, 2014
|
Country Name |
Previous Rating (31.03.2014) |
Current Rating (01.06.2014) |
|
Singapore |
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. |
: |
200920948-R |
|
COMPANY NAME |
: |
AURIONPRO SCM
PTE. LTD. |
|
FORMER NAME |
: |
N/A |
|
INCORPORATION DATE |
: |
09/11/2009 |
|
|
|
|
|
|
|
|
|
COMPANY STATUS |
: |
EXIST |
|
LEGAL FORM |
: |
PRIVATE LIMITED |
|
LISTED STATUS |
: |
NO |
|
|
|
|
|
|
|
|
|
REGISTERED ADDRESS |
: |
438B, ALEXANDRA ROAD, 05-11, ALEXANDRA
TECHNOPARK, 119968, SINGAPORE. |
|
BUSINESS ADDRESS |
: |
438B ALEXANDRA ROAD #05-11 ALEXANDRA
TECHNOPARK, 119968, SINGAPORE. |
|
TEL.NO. |
: |
65-65364852 |
|
FAX.NO. |
: |
65-65364864 |
|
WEB SITE |
: |
WWW.AURIONPRO.COM |
|
CONTACT PERSON |
: |
JADHAV DHANANJAY BALKRISHNA ( DIRECTOR ) |
|
|
|
|
|
|
|
|
|
PRINCIPAL ACTIVITY |
: |
WHOLESALE OF COMPUTER SOFTWARE |
|
|
|
|
|
ISSUED AND PAID UP CAPITAL |
: |
1,585,000.00 ORDINARY SHARE, OF A VALUE OF
USD 1,585,000.00 |
|
|
|
|
|
SALES |
: |
USD 3,346,469 [2013] |
|
NET WORTH |
: |
USD 4,124,495 [2013] |
|
|
|
|
|
STAFF STRENGTH |
: |
11 [2014] |
|
LITIGATION |
: |
CLEAR |
|
FINANCIAL CONDITION |
: |
FAIR |
|
PAYMENT |
: |
POOR |
|
MANAGEMENT CAPABILITY |
: |
AVERAGE |
|
|
|
|
|
COMMERCIAL RISK |
: |
N/A |
|
CURRENCY EXPOSURE |
: |
N/A |
|
GENERAL REPUTATION |
: |
SATISFACTORY |
|
INDUSTRY OUTLOOK |
: |
MARGINAL GROWTH |
HISTORY / BACKGROUND
|
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 computer software.
The immediate and ultimate holding company of the Subject is AURIONPRO SOLUTIONS LTD., a company incorporated in INDIA.
Share Capital
History
|
Date |
Issue & Paid
Up Capital |
|
25/07/2014 |
USD 1,585,000.00 |
The major shareholder(s) of the Subject are shown as follows :
|
Name |
Address |
IC/PP/Loc
No |
Shareholding |
(%) |
|
AURIONPRO SOLUTIONS LTD. |
SUNSHINE TOWER, TULSI PIPE ROAD NEAR FLOWER
MARKET, DADAR (WEST) MUMBAI, MAHARASHTRA, 35TH FLOOR, 400013, INDIA. |
T03UF2941 |
1,585,000.00 |
100.00 |
|
|
|
|
--------------- |
------ |
|
|
|
|
1,585,000.00 |
100.00 |
|
|
|
|
============ |
===== |
+ Also Director
DIRECTORS
|
DIRECTOR 1
|
Name Of Subject |
: |
V VASANTHI |
|
Address |
: |
512, PASIR RIS STREET 52, 09-123, 510512, SINGAPORE. |
|
IC / PP No |
: |
S2183144A |
|
|
|
|
|
|
|
|
|
|
|
|
|
Nationality |
: |
SINGAPOREAN |
|
Date of Appointment |
: |
09/11/2009 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
DIRECTOR 2
|
Name Of Subject |
: |
JADHAV DHANANJAY BALKRISHNA |
|
Address |
: |
12, UPPER SERANGOON VIEW, 02-07, RIO VISTA, 534199, SINGAPORE. |
|
IC / PP No |
: |
S7165131B |
|
|
|
|
|
|
|
|
|
|
|
|
|
Nationality |
: |
SINGAPOREAN |
|
Date of Appointment |
: |
09/11/2009 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
MANAGEMENT
|
|
1) |
Name of Subject |
: |
JADHAV DHANANJAY BALKRISHNA |
|
|
Position |
: |
DIRECTOR |
|
|
|
|
|
AUDITOR
|
|
Auditor |
: |
S. RENGANATHAN & CO. |
|
Auditor' Address |
: |
N/A |
|
|
|
|
|
|
|
|
COMPANY SECRETARIES
|
|
1) |
Company Secretary |
: |
PATHIMA MUNEERA AZMI |
|
|
IC / PP No |
: |
S2715498J |
|
|
|
|
|
|
|
Address |
: |
122, JURONG EAST STREET 13, 02-31, IVORY HEIGHTS, 600122, SINGAPORE. |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
2) |
Company Secretary |
: |
CHENG LIAN SIANG |
|
|
IC / PP No |
: |
S1519832Z |
|
|
|
|
|
|
|
Address |
: |
7, SIN MING WALK, 20-17, THE GARDENS AT BISHAN, 575577, SINGAPORE. |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
BANKING
|
No Banker found in our databank.
ENCUMBRANCE (S)
|
No encumbrance was found in our databank at the time of investigation.
LEGAL CHECK AGAINST SUBJECT
|
* A check has been conducted in our databank against 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.
PAYMENT RECORD
|
|
|
|
|
|
SOURCES OF RAW MATERIALS: |
||
|
Local |
: |
N/A |
|
Overseas |
: |
N/A |
|
|
|
|
The Subject refused to disclose its supplier.
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 |
[ |
|
] |
|
Average 61-90 Days |
[ |
|
] |
|
|
Fair 91-120 Days |
[ |
|
] |
|
Poor >120 Days |
[ |
X |
] |
|
|
|
|
|
|
CLIENTELE
|
|
Local |
: |
N/A |
|||
|
|
|
|
|||
|
Overseas |
: |
N/A |
|||
|
|
|
|
|||
|
Credit Term |
: |
N/A |
|||
|
|
|
|
|
|
|
The Subject refused to disclose its clientele.
OPERATIONS
|
|
Goods Traded |
: |
COMPUTER SOFTWARE
|
|
|
|
|
|
|
Total Number of Employees: |
|||||||||
|
YEAR |
2014 |
2013 |
|
||||||
|
|
|||||||||
|
GROUP |
N/A |
N/A |
|
|
|
|
|
|
|
|
COMPANY |
11 |
7 |
|
|
|
|
|
|
|
|
Branch |
: |
NO
|
Other Information:
The Subject is principally engaged in the (as a / as an) wholesale of computer
software.
The Subject refused to disclose its operation.
CURRENT INVESTIGATION
|
Latest fresh investigations carried out on the Subject indicated that :
|
Telephone Number Provided By Client |
: |
N/A |
|
Current Telephone Number |
: |
65-65364852 |
|
Match |
: |
N/A |
|
|
|
|
|
Address Provided by Client |
: |
39, ROBINSON ROAD, 07-01 ROBINSON POINT SINGAPORE 068911 |
|
Current Address |
: |
438B ALEXANDRA ROAD #05-11 ALEXANDRA TECHNOPARK, 119968, SINGAPORE. |
|
Match |
: |
YES |
|
|
|
|
Other Investigations
We contacted one of the staff from the Subject and she provided some
information.
The Subject had shifted from the address provided.
She refused to disclose the number of employees.
FINANCIAL ANALYSIS
|
|
|
|
Profitability |
|
|
|
|
|
|
|
Turnover |
: |
Increased |
[ |
20.87% |
] |
|
|
Profit/(Loss) Before Tax |
: |
Increased |
[ |
127.92% |
] |
|
|
Return on Shareholder Funds |
: |
Favourable |
[ |
41.87% |
] |
|
|
Return on Net Assets |
: |
Favourable |
[ |
39.21% |
] |
|
|
|
|
|
|
|
|
|
|
The higher turnover could be attributed to the favourable market condition
and the Subject could be gaining the market share progressively. The higher
profit could be attributed to the increase in turnover. 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 |
: |
Nil |
[ |
0 Days |
] |
|
|
Debtor Ratio |
: |
Favourable |
[ |
39 Days |
] |
|
|
Creditors Ratio |
: |
Favourable |
[ |
6 Days |
] |
|
|
|
|
|
|
|
|
|
|
As the Subject is a service oriented company, the Subject does not
need to keep 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 |
: |
Unfavourable |
[ |
0.54 Times |
] |
|
|
Current Ratio |
: |
Unfavourable |
[ |
0.54 Times |
] |
|
|
|
|
|
|
|
|
|
|
A low liquid ratio means that the Subject may
be facing working capital deficiency. If the Subject cannot obtain additional
financing or injection of fresh capital, it may face difficulties in meeting
its short term obligations. |
||||||
|
|
|
|
|
|
|
|
|
Solvency |
|
|
|
|
|
|
|
Interest Cover |
: |
Favourable |
[ |
25.80 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
: |
|
|
|
|
|
|
|
Generally, the Subject's performance has improved with higher turnover
and profit. Due to its weak liquidity position, the Subject will be faced
with problems in meeting all its short term obligations if no short term loan
is obtained or additional capital injected into the Subject. 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 |
||||||
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 : |
INFORMATION TECHNOLOGY |
|
|
|
|
|
|
|
Singapore's information communication services industry is
well-positioned to tap into the new business opportunities of the digital
age. An early mover in infocomm technology, Singapore today ranks as the
second most network-ready country in the world and the first in Asia,
according to the World Economic Forum's "Global Information Technology
Report 2010/2011". The roll out of the Intelligent Nation 2015 Master
Plan and the National Broadband Network will further strengthen Singapore's
infrastructure network. |
|
|
|
|
|
The Intelligent Nation 2015 master plan lays out the blueprint for
Singapore's infocomm strategies in the digital age, with the creation of some
80,000 jobs and an increase of value-add to SGD 26 billion. Besides, under
the Wireless@SG programme initiated by the Infocomm Development Authority of
Singapore, free wireless broadband connection is made available at public
places till March 31 2013, to encourage usage. |
|
|
|
|
|
More than 80 of the top 100 software and services companies have set
up their regional headquarters in Singapore. Many of them, including the top
15 software companies, have regional or Asia Pacific headquarters here. Some of
the companies who have set up base in Singapore include Alcatel, Cisco,
Crimson Logic, Dell, Hewlett Packard, IBM, Mahindra Satyam, NCS, Oracle, and
Tata Consultancy Services. |
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|
|
|
|
As such, the highly cyclical tech sector has taken a hit in both its
financial and share price performance. Moving into 2012, the macroeconomic
headwinds will remain strong. Hence tepid growth is expected for the sector,
in tandem with easing global economic conditions. Many of the tech companies
have customers who are adopting cautious sentiment which increases the risk
of order delays and/or pullbacks. |
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|
|
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|
This situation is exacerbated by rising cost pressures, as increases
in labour wages, raw material costs and higher interest rates, especially in
China, have culminated in a margin squeeze on companies. Currency volatility
and supply chain disruptions from recent catastrophes have also shrouded the
visibility of the tech sector. |
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|
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In general, tech companies have emerged from the last financial maelstrom
with stronger balance sheets. This should provide them with better resilience
to weather another economic downturn. |
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It is believed that the tech sector still carries good long-term
growth potential, given the increasing importance of IT as a business growth
driver, continued technological innovation and rising affluence in the
region. Stronger growth would likely come from the emerging markets as ample
opportunities exist for continued IT penetration. |
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|
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The share prices of most tech stocks have already corrected sharply in
the year 2011. Although current valuations do not appear demanding, downside
earnings risks exist if the macroeconomic landscape continue to deteriorate
sharper than expectations. On the other hand, cyclical plays could also
potentially benefit from a stronger rebound if the global economy recover
faster-than-expected. The possibility of the first scenario seems more
plausible. |
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OVERALL INDUSTRY
OUTLOOK : MARGINAL GROWTH |
|
CREDIT RISK EVALUATION &
RECOMMENDATION
|
|
|
|
|
PROFIT AND LOSS ACCOUNT
|
|
|
|
THE FINANCIAL
STATEMENTS WERE PREPARED IN ACCORDANCE WITH SINGAPORE FINANCIAL REPORTING
STANDARDS. |
|
AURIONPRO SCM
PTE. LTD. |
|
Financial Year End |
2013-03-31 |
2012-03-31 |
|
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 |
|
|
|
|
|
TURNOVER |
3,346,469 |
2,768,647 |
|
|
---------------- |
---------------- |
|
Total Turnover |
3,346,469 |
2,768,647 |
|
|
---------------- |
---------------- |
|
|
|
|
|
PROFIT/(LOSS) FROM OPERATIONS |
1,554,416 |
682,002 |
|
|
---------------- |
---------------- |
|
PROFIT/(LOSS) BEFORE TAXATION |
1,554,416 |
682,002 |
|
Taxation |
172,364 |
265,015 |
|
|
---------------- |
---------------- |
|
PROFIT/(LOSS) AFTER TAXATION |
1,726,780 |
947,017 |
|
|
---------------- |
---------------- |
|
RETAINED PROFIT/(LOSS)
BROUGHT FORWARD |
|
|
|
As previously reported |
1,512,715 |
565,698 |
|
|
---------------- |
---------------- |
|
As restated |
1,512,715 |
565,698 |
|
|
---------------- |
---------------- |
|
PROFIT AVAILABLE FOR APPROPRIATIONS |
3,239,495 |
1,512,715 |
|
|
---------------- |
---------------- |
|
RETAINED PROFIT/(LOSS) CARRIED FORWARD |
3,239,495 |
1,512,715 |
|
|
============= |
============= |
|
|
|
|
|
INTEREST EXPENSE
(as per notes to P&L) |
|
|
|
Others |
62,682 |
- |
|
|
---------------- |
---------------- |
|
|
62,682 |
- |
|
|
============= |
|
BALANCE SHEET
|
|
|
|
AURIONPRO SCM
PTE. LTD. |
|
ASSETS EMPLOYED: |
|
|
|
FIXED ASSETS |
3,347,607 |
3,102,780 |
|
|
|
|
|
Deferred assets |
358,000 |
270,000 |
|
|
---------------- |
---------------- |
|
TOTAL LONG TERM INVESTMENTS/OTHER ASSETS |
358,000 |
270,000 |
|
|
|
|
|
Others |
2,447,978 |
457,978 |
|
|
---------------- |
---------------- |
|
TOTAL INTANGIBLE ASSETS |
2,447,978 |
457,978 |
|
|
---------------- |
---------------- |
|
TOTAL LONG TERM ASSETS |
6,153,585 |
3,830,758 |
|
|
|
|
|
Trade debtors |
357,318 |
96,306 |
|
Other debtors, deposits & prepayments |
727,489 |
751,179 |
|
Amount due from related companies |
1,309,111 |
178,896 |
|
Cash & bank balances |
3,881 |
18,486 |
|
|
---------------- |
---------------- |
|
TOTAL CURRENT ASSETS |
2,397,799 |
1,044,867 |
|
|
---------------- |
---------------- |
|
TOTAL ASSET |
8,551,384 |
4,875,625 |
|
|
============= |
============= |
|
|
|
|
|
CURRENT
LIABILITIES |
|
|
|
Trade creditors |
51,189 |
28,004 |
|
Other creditors & accruals |
75,378 |
61,208 |
|
Amounts owing to holding company |
3,273,238 |
1,331,556 |
|
Amounts owing to related companies |
1,027,084 |
1,932,142 |
|
|
---------------- |
---------------- |
|
TOTAL CURRENT LIABILITIES |
4,426,889 |
3,352,910 |
|
|
---------------- |
---------------- |
|
NET CURRENT ASSETS/(LIABILITIES) |
(2,029,090) |
(2,308,043) |
|
|
---------------- |
---------------- |
|
TOTAL NET ASSETS |
4,124,495 |
1,522,715 |
|
|
============= |
============= |
|
|
|
|
|
SHARE CAPITAL |
|
|
|
Ordinary share capital |
885,000 |
10,000 |
|
|
---------------- |
---------------- |
|
TOTAL SHARE CAPITAL |
885,000 |
10,000 |
|
|
|
|
|
Retained profit/(loss) carried forward |
3,239,495 |
1,512,715 |
|
|
---------------- |
---------------- |
|
TOTAL RESERVES |
3,239,495 |
1,512,715 |
|
|
|
|
|
|
---------------- |
---------------- |
|
SHAREHOLDERS' FUNDS/EQUITY |
4,124,495 |
1,522,715 |
|
|
|
|
|
|
---------------- |
---------------- |
|
|
4,124,495 |
1,522,715 |
|
|
============= |
============= |
|
|
|
|
FINANCIAL RATIO
|
|
|
|
AURIONPRO SCM
PTE. LTD. |
|
TYPES OF FUNDS |
|
|
|
Cash |
3,881 |
18,486 |
|
Net Liquid Funds |
3,881 |
18,486 |
|
Net Liquid Assets |
(2,029,090) |
(2,308,043) |
|
Net Current Assets/(Liabilities) |
(2,029,090) |
(2,308,043) |
|
Net Tangible Assets |
1,676,517 |
1,064,737 |
|
Net Monetary Assets |
(2,029,090) |
(2,308,043) |
|
BALANCE SHEET
ITEMS |
|
|
|
Total Borrowings |
0 |
0 |
|
Total Liabilities |
4,426,889 |
3,352,910 |
|
Total Assets |
8,551,384 |
4,875,625 |
|
Net Assets |
4,124,495 |
1,522,715 |
|
Net Assets Backing |
4,124,495 |
1,522,715 |
|
Shareholders' Funds |
4,124,495 |
1,522,715 |
|
Total Share Capital |
885,000 |
10,000 |
|
Total Reserves |
3,239,495 |
1,512,715 |
|
LIQUIDITY
(Times) |
|
|
|
Cash Ratio |
0.00 |
0.01 |
|
Liquid Ratio |
0.54 |
0.31 |
|
Current Ratio |
0.54 |
0.31 |
|
WORKING CAPITAL
CONTROL (Days) |
|
|
|
Stock Ratio |
0 |
0 |
|
Debtors Ratio |
39 |
13 |
|
Creditors Ratio |
6 |
4 |
|
SOLVENCY RATIOS
(Times) |
|
|
|
Gearing Ratio |
0.00 |
0.00 |
|
Liabilities Ratio |
1.07 |
2.20 |
|
Times Interest Earned Ratio |
25.80 |
0.00 |
|
Assets Backing Ratio |
1.89 |
106.47 |
|
PERFORMANCE
RATIO (%) |
|
|
|
Operating Profit Margin |
46.45 |
24.63 |
|
Net Profit Margin |
51.60 |
34.21 |
|
Return On Net Assets |
39.21 |
44.79 |
|
Return On Capital Employed |
24.60 |
34.43 |
|
Return On Shareholders' Funds/Equity |
41.87 |
62.19 |
|
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. 60.10 |
|
|
1 |
Rs. 102.04 |
|
Euro |
1 |
Rs. 80.73 |
INFORMATION DETAILS
|
Analysis Done by
: |
SUB |
|
|
|
|
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.