|
Report Date : |
13.03.2014 |
IDENTIFICATION DETAILS
|
Name : |
ABS INDIA PRIVATE LIMITED (SINGAPORE BRANCH) |
|
|
|
|
Registered Office : |
133, New Bridge Road, 25 - 08, Chinatown Point, 059413 |
|
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Country : |
Singapore |
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|
Financials (as on) : |
31.03.2013 |
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Date of Incorporation : |
14.09.2005 |
|
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Com. Reg. No.: |
T05FC6753-J |
|
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|
Legal Form : |
Foreign |
|
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|
|
Line of Business : |
Provider of communication solutions |
|
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|
|
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 : |
Slow but correct |
|
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. 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
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. |
: |
T05FC6753-J |
|
COMPANY NAME |
: |
ABS INDIA PRIVATE LIMITED (SINGAPORE BRANCH) |
|
FORMER NAME |
: |
N/A |
|
INCORPORATION DATE |
: |
14/09/2005 |
|
COMPANY STATUS |
: |
EXIST |
|
LEGAL FORM |
: |
FOREIGN |
|
LISTED STATUS |
: |
NO |
|
REGISTERED ADDRESS |
: |
133, NEW BRIDGE ROAD, 25 - 08, CHINATOWN POINT, 059413, SINGAPORE. |
|
BUSINESS ADDRESS |
: |
133, NEW BRIDGE ROAD #25-03/08, CHINATOWN POINT, 059413, SINGAPORE. |
|
TEL.NO. |
: |
65-65385488 |
|
FAX.NO. |
: |
65-65384673 |
|
WEB SITE |
: |
WWW.ABSINDIA.NET |
|
CONTACT PERSON |
: |
SUNIL ARORA ( CEO ) |
|
PRINCIPAL ACTIVITY |
: |
COMMUNICATION SOLUTIONS PROVIDER |
|
AUTHORISED CAPITAL |
: |
INR 150,000,000.00 |
|
SALES |
: |
USD 2,106,024 [2013] |
|
NET WORTH |
: |
USD 223,497 [2013] |
|
STAFF STRENGTH |
: |
N/A |
|
LITIGATION |
: |
CLEAR |
|
FINANCIAL CONDITION |
: |
STABLE |
|
PAYMENT |
: |
POOR |
|
MANAGEMENT CAPABILITY |
: |
AVERAGE |
|
COMMERCIAL RISK |
: |
LOW |
|
CURRENCY EXPOSURE |
: |
MODERATE |
|
GENERAL REPUTATION |
: |
SATISFACTORY |
|
INDUSTRY OUTLOOK |
: |
MARGINAL GROWTH |
The Subject is principally engaged in the (as a / as an) communication
solutions provider.
Share Capital History
|
Date |
Authorised Shared Capital |
Issue & Paid Up Capital |
|
10/02/2014 |
INR 150,000,000.00 |
INR 0.00 |
No shareholders was found in our databank at the time of investigation
DIRECTOR 1
|
Name Of Subject |
: |
PARSWANATH PADMARAJAIAH JAIN |
|
Address |
: |
881, ANUGRUHA 6TH CROSS, 6TH BLOCK, KORAMANGALA, BANGALORE, KARNATAKA,
560095, INDIA. |
|
IC / PP No |
: |
Z2024341 |
|
|
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Nationality |
: |
INDIAN |
|
Date of Appointment |
: |
23/05/2002 |
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DIRECTOR 2
|
Name Of Subject |
: |
SUNIL ARORA |
|
Address |
: |
A1, 126, 3RD MAIN, DEFENCE COLONY, INDIRANAGAR, BANGALORE, KARNATAKA,
560038, INDIA. |
|
IC / PP No |
: |
Z2351048 |
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Nationality |
: |
INDIAN |
|
Date of Appointment |
: |
23/05/2002 |
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1) |
Name of Subject |
: |
SUNIL ARORA |
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|
Position |
: |
CEO |
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|
|
AUDITOR |
No Auditor found in our databank
|
1) |
Company Secretary |
: |
TAN KIM GUAN |
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|
IC / PP No |
: |
S1550820E |
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Address |
: |
89, WEST COAST DRIVE, 07 - 17, HUNDRED TREES, 128016, SINGAPORE. |
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2) |
Company Secretary |
: |
HAMIS BIN TASLIM |
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|
IC / PP No |
: |
S1181853F |
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Address |
: |
275, TAMPINES STREET 22, 02 - 90, 520275, SINGAPORE. |
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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.
|
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SOURCES OF RAW MATERIALS: |
||
|
Local |
: |
N/A |
|
Overseas |
: |
N/A |
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|
The Subject is a service provider and it does not deal with trade 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 |
[ |
|
] |
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Average 61-90 Days |
[ |
|
] |
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Fair 91-120 Days |
[ |
|
] |
|
Poor >120 Days |
[ |
X |
] |
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Local |
: |
YES |
|||
|
Domestic Markets |
: |
SINGAPORE |
|||
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Overseas |
: |
YES |
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Export Market |
: |
ASIA |
|||
|
Credit Term |
: |
N/A |
|||
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Payment Mode |
: |
CHEQUES |
|||
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Services |
: |
COMMUNICATION SOLUTIONS PROVIDER
|
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Branch |
: |
NO
|
Other Information:
The Subject is principally engaged in the (as a / as an) communication
solutions provider.
A Leading Enterprise Communication Solutions Provider, for the Indian
Subcontinent (India, Nepal, Bhutan and Maldives) catering to the diverse needs
of enterprises across all verticals.
Headquartered in Bangalore, ABS India has a wide presence across the country,
with sales and support offices at prime locations.
Latest fresh investigations carried out on the Subject indicated that :
|
Telephone Number Provided By Client |
: |
N/A |
|
Current Telephone Number |
: |
65-65385488 |
|
Match |
: |
N/A |
|
|
|
|
|
Address Provided by Client |
: |
NO. 133, NEW BRIDGE ROAD, NO. 25-03/08, CHINA TOWN POINT, SINGAPORE
059413 |
|
Current Address |
: |
133, NEW BRIDGE ROAD #25-03/08, CHINATOWN POINT, 059413, SINGAPORE. |
|
Match |
: |
YES |
|
|
|
|
Other Investigations
On 7th March 2014 we contacted one of the staff from the registered office and
she provided some information.
|
Profitability |
|
|
|
|
|
|
|
Turnover |
: |
Decreased |
[ |
49.15% |
] |
|
|
Profit/(Loss) Before Tax |
: |
Decreased |
[ |
50.33% |
] |
|
|
Return on Shareholder Funds |
: |
Favourable |
[ |
198.46% |
] |
|
|
Return on Net Assets |
: |
Favourable |
[ |
206.00% |
] |
|
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|
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|
|
The shrinking turnover could be the result of more entrants into the
market which eroded the Subject's market share.The Subject's profit fell
sharply because of the high operating costs incurred. 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. |
||||||
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Working Capital Control |
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Stock Ratio |
: |
Favourable |
[ |
0 Days |
] |
|
|
Debtor Ratio |
: |
Unfavourable |
[ |
142 Days |
] |
|
|
Creditors Ratio |
: |
Unfavourable |
[ |
161 Days |
] |
|
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|
The Subject's stocks were moving fast thus reducing its holding cost. This
had reduced funds being tied up in stocks. The Subject's debtors ratio was
high. The Subject should tighten its credit control and improve its
collection period. The unfavourable creditors' ratio could be due to the
Subject taking advantage of the credit granted by its suppliers. However this
may affect the goodwill between the Subject and its suppliers and the Subject
may inadvertently have to pay more for its future supplies. |
||||||
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Liquidity |
|
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|
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|
Liquid Ratio |
: |
Favourable |
[ |
1.26 Times |
] |
|
|
Current Ratio |
: |
Unfavourable |
[ |
1.26 Times |
] |
|
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|
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. |
||||||
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Solvency |
|
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|
Interest Cover |
: |
Favourable |
[ |
59.58 Times |
] |
|
|
Gearing Ratio |
: |
Favourable |
[ |
0.00 Times |
] |
|
|
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|
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|
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. |
||||||
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|
Overall Assessment : |
|
|
|
|
|
|
|
The Subject's performance deteriorated over the years with lower turnover
and profit. 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. |
||||||
|
|
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|
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|
Overall financial condition of the Subject : STABLE |
||||||
|
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) |
|
|
|
|
|
|
INDUSTRY : |
TELECOMMUNICATION |
|
|
|
|
|
|
|
Singapore's telecommunications industry has outperformed many of its
regional peers with strong adoption of the latest products and services.
Partially due to the country's small landmass and population size, the
telecoms market has rapidly grown to a stage where it is approaching
saturation. Next generation technologies, both mobile and fixed, are
therefore the next step in fostering new developments and revenue streams,
and industry players - the regulator and operators - have rightly moved in
that direction. |
|
|
|
|
|
In 2012, growth in the number of broadband subscribers moderated from
17% in 2011 to 10% in 2012. With the increase in the number of subscribers,
the broadband subscription rate rose to 1.92 per capita in 2012. Similarly,
the number of mobile subscribers grew by a slower 4.0% in 2012 compared to
the 6.4% increase in 2011. As a result of the increase in subscribers, the
mobile subscription rate reached 1.52 per capita in 2012, slightly higher
than the 1.50 per capita in 2011. International telephone call duration saw
an increase of 8.5% in 2012, a reversal from the 0.7% decline recorded in the
year 2011. |
|
|
|
|
|
The key challenge for operators in Singapore is how to monetize the
sea change in consumption patterns. Meanwhile, any boost from Long Term
Evolution (LTE) , or the 4th generation of cellular wireless standard (4G),
will probably come towards end of the year 2012. |
|
|
|
|
|
As the roll-out of Singapore's Next Generation National Broadband
Network takes a closer step towards achieving 95% coverage of the island by
end 2012, fiber subscription is expected to increase. However, it is believed
that the rise would be gradual rather than exponential, as there is the lack
of a "killer app" to drive demand; the more uncertain economic
environment may also discourage consumers from upgrading to higher speed and
also higher priced plans. |
|
|
|
|
|
Singapore was ranked third in BMI's latest Asia Pacific Telecoms
Risk/Reward Ratings with a Telecoms Rating score of 71.9. The Singaporean
economy has underperformed since the beginning of 2012, suffering from
subdued external demand for much of 2012 and failing to partake in the
regional recovery as the year drew to a close. 2013 appears to have started
on a brighter note, with the purchasing managers' index finally rising above
50 in January 2013. |
|
|
|
|
|
The telecommunication sector forecast will grow by only 1.5% annually
between 2013 and 2017 due to the high penetration and a shift in operators'
strategies. In spite of the launch of next generation LTE services, the
operators' ARPUs forecast to trendlower due to competition; it is predict the
market average to reach SGD46 in 2017. Besides, it is expected that the
number of 3G/4G phone subscribers in Singapore to reach 7.198mn in 2017,
representing 81.6% of the total mobile market of 8.815mn subscribers. |
|
|
|
|
|
|
|
|
OVERALL INDUSTRY OUTLOOK : MARGINAL GROWTH |
|
|
|
|
|
|
THE FINANCIAL STATEMENTS WERE PREPARED IN ACCORDANCE WITH SINGAPORE
FINANCIAL REPORTING STANDARDS. |
|
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 |
2,106,024 |
4,141,488 |
|
|
---------------- |
---------------- |
|
Total Turnover |
2,106,024 |
4,141,488 |
|
Costs of Goods Sold |
(1,476,291) |
(2,927,440) |
|
|
---------------- |
---------------- |
|
Gross Profit |
629,733 |
1,214,048 |
|
|
---------------- |
---------------- |
|
|
|
|
|
PROFIT/(LOSS) FROM OPERATIONS |
452,671 |
911,445 |
|
|
---------------- |
---------------- |
|
PROFIT/(LOSS) BEFORE TAXATION |
452,671 |
911,445 |
|
Taxation |
(9,127) |
(139,448) |
|
|
---------------- |
---------------- |
|
PROFIT/(LOSS) AFTER TAXATION |
443,544 |
771,997 |
|
|
---------------- |
---------------- |
|
RETAINED PROFIT/(LOSS) BROUGHT FORWARD |
|
|
|
As previously reported |
3,878,284 |
3,106,287 |
|
|
---------------- |
---------------- |
|
As restated |
3,878,284 |
3,106,287 |
|
|
---------------- |
---------------- |
|
PROFIT AVAILABLE FOR APPROPRIATIONS |
4,321,828 |
3,878,284 |
|
|
---------------- |
---------------- |
|
RETAINED PROFIT/(LOSS) CARRIED FORWARD |
4,321,828 |
3,878,284 |
|
|
============= |
============= |
|
|
|
|
|
INTEREST EXPENSE (as per notes to P&L) |
|
|
|
Others |
7,727 |
12,214 |
|
|
---------------- |
---------------- |
|
|
7,727 |
12,214 |
|
|
============= |
============= |
|
CURRENT ASSETS |
|
|
|
Stocks |
620 |
57,896 |
|
Trade debtors |
820,977 |
1,520,168 |
|
Other debtors, deposits & prepayments |
4,417 |
4,382 |
|
Cash & bank balances |
248,069 |
279,237 |
|
|
---------------- |
---------------- |
|
TOTAL CURRENT ASSETS |
1,074,083 |
1,861,683 |
|
|
---------------- |
---------------- |
|
TOTAL ASSET |
1,074,083 |
1,861,683 |
|
|
============= |
============= |
|
|
|
|
|
CURRENT LIABILITIES |
|
|
|
Trade creditors |
649,398 |
1,346,625 |
|
Other creditors & accruals |
11,320 |
9,358 |
|
Provision for taxation |
8,981 |
145,029 |
|
Other liabilities |
180,887 |
143,172 |
|
|
---------------- |
---------------- |
|
TOTAL CURRENT LIABILITIES |
850,586 |
1,644,184 |
|
|
---------------- |
---------------- |
|
NET CURRENT ASSETS/(LIABILITIES) |
223,497 |
217,499 |
|
|
---------------- |
---------------- |
|
TOTAL NET ASSETS |
223,497 |
217,499 |
|
|
============= |
============= |
|
|
|
|
|
SHARE CAPITAL |
|
|
|
HEAD OFFICE ACCOUNT |
(4,098,331) |
(3,660,785) |
|
|
|
|
|
RESERVES |
|
|
|
Retained profit/(loss) carried forward |
4,321,828 |
3,878,284 |
|
|
---------------- |
---------------- |
|
TOTAL RESERVES |
4,321,828 |
3,878,284 |
|
|
|
|
|
|
---------------- |
---------------- |
|
SHAREHOLDERS' FUNDS/EQUITY |
223,497 |
217,499 |
|
|
|
|
|
|
---------------- |
---------------- |
|
|
223,497 |
217,499 |
|
|
============= |
============= |
|
|
|
|
|
TYPES OF FUNDS |
|
|
|
Cash |
248,069 |
279,237 |
|
Net Liquid Funds |
248,069 |
279,237 |
|
Net Liquid Assets |
222,877 |
159,603 |
|
Net Current Assets/(Liabilities) |
223,497 |
217,499 |
|
Net Tangible Assets |
223,497 |
217,499 |
|
Net Monetary Assets |
222,877 |
159,603 |
|
BALANCE SHEET ITEMS |
|
|
|
Total Borrowings |
0 |
0 |
|
Total Liabilities |
850,586 |
1,644,184 |
|
Total Assets |
1,074,083 |
1,861,683 |
|
Net Assets |
223,497 |
217,499 |
|
Net Assets Backing |
223,497 |
217,499 |
|
Shareholders' Funds |
223,497 |
217,499 |
|
Total Share Capital |
0 |
0 |
|
Total Reserves |
4,321,828 |
3,878,284 |
|
LIQUIDITY (Times) |
|
|
|
Cash Ratio |
0.29 |
0.17 |
|
Liquid Ratio |
1.26 |
1.10 |
|
Current Ratio |
1.26 |
1.13 |
|
WORKING CAPITAL CONTROL (Days) |
|
|
|
Stock Ratio |
0 |
5 |
|
Debtors Ratio |
142 |
134 |
|
Creditors Ratio |
161 |
168 |
|
SOLVENCY RATIOS (Times) |
|
|
|
Gearing Ratio |
0.00 |
0.00 |
|
Liabilities Ratio |
3.81 |
7.56 |
|
Times Interest Earned Ratio |
59.58 |
75.62 |
|
Assets Backing Ratio |
- |
- |
|
PERFORMANCE RATIO (%) |
|
|
|
Operating Profit Margin |
21.49 |
22.01 |
|
Net Profit Margin |
21.06 |
18.64 |
|
Return On Net Assets |
206.00 |
424.67 |
|
Return On Capital Employed |
206.00 |
424.67 |
|
Return On Shareholders' Funds/Equity |
198.46 |
354.94 |
|
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.61.09 |
|
|
1 |
Rs.101.59 |
|
Euro |
1 |
Rs.84.65 |
INFORMATION DETAILS
|
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.