|
Report Date : |
02.05.2014 |
IDENTIFICATION DETAILS
|
Name : |
WIPRO LIMITED
(SINGAPORE BRANCH) |
|
|
|
|
Registered Office : |
31, Cantonment Road, 089747 |
|
|
|
|
Country : |
Singapore |
|
|
|
|
Financials (as on) : |
31.03.2012 |
|
|
|
|
Date of Incorporation : |
21.04.1997 |
|
|
|
|
Com. Reg. No.: |
S97FC5319-K |
|
|
|
|
Legal Form : |
Foreign Company |
|
|
|
|
Line of Business : |
engaged as a software developments and system
integration services. |
|
|
|
|
No of Employees : |
850 (2014) |
RATING & COMMENTS
|
MIRA’s Rating : |
A |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
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 |
|
Status : |
Good |
|
|
|
|
Payment Behaviour : |
Regular |
|
|
|
|
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 |
|
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 |
|
REGISTRATION NO. |
: |
S97FC5319-K |
|
COMPANY NAME |
: |
WIPRO LIMITED
(SINGAPORE BRANCH) |
|
FORMER NAME |
: |
N/A |
|
INCORPORATION DATE |
: |
21/04/1997 |
|
COMPANY STATUS |
: |
EXIST |
|
LEGAL FORM |
: |
FOREIGN |
|
LISTED STATUS |
: |
NO |
|
REGISTERED ADDRESS |
: |
31, CANTONMENT ROAD, 089747, SINGAPORE. |
|
BUSINESS ADDRESS |
: |
31 CANTONMENT ROAD, 089747, SINGAPORE. |
|
TEL.NO. |
: |
65-62210733/62244991 |
|
FAX.NO. |
: |
65-62277994 |
|
CONTACT PERSON |
: |
KALA ( STAFF ) |
|
PRINCIPAL ACTIVITY |
: |
SOFTWARE DEVELOPMENTS AND SYSTEM
INTEGRATION SERVICES |
|
AUTHORISED CAPITAL |
: |
INR 160,000,000.00 |
|
SALES |
: |
INR 7,972,658,196 [2012] |
|
NET WORTH |
: |
INR 1,396,254,515 [2012] |
|
STAFF STRENGTH |
: |
850 [2014] |
|
LITIGATION |
: |
CLEAR |
|
FINANCIAL CONDITION |
: |
STRONG |
|
PAYMENT |
: |
FAIR |
|
MANAGEMENT CAPABILITY |
: |
GOOD |
|
COMMERCIAL RISK |
: |
LOW |
|
CURRENCY EXPOSURE |
: |
MODERATE |
|
GENERAL REPUTATION |
: |
GOOD |
|
INDUSTRY OUTLOOK |
: |
MARGINAL GROWTH |
The Subject is principally engaged in the (as a / as an) software developments and system integration services.
Share Capital History
|
Date |
Authorised Shared Capital |
Issue & Paid Up Capital |
|
28/04/2014 |
INR 160,000,000.00 |
INR 0.00 |
No shareholders was found in our databank at the time of investigation
|
1) |
Name of Subject |
: |
KALA |
|
Position |
: |
STAFF |
No Auditor found in our databank
|
1) |
Company Secretary |
: |
MAYA DEVI D/O S. RENGANATHAN |
|
IC / PP No |
: |
S1248652I |
|
|
Address |
: |
465, CHOA CHU KANG AVENUE 4, 10-11, 680465, SINGAPORE. |
|
|
Remarks |
: |
AGENT |
|
|
2) |
Company Secretary |
: |
KRISHNAMURTHY SEKAR |
|
IC / PP No |
: |
S2571767H |
|
|
Address |
: |
3, DUNKIRK AVENUE, DUNEARN ESTATE, 299505, SINGAPORE. |
|
|
Remarks |
: |
AGENT |
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 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.
|
SOURCES OF RAW MATERIALS: |
||
|
Local |
: |
N/A |
|
Overseas |
: |
N/A |
The Subject is a service provider.
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 |
[ |
X |
] |
Poor >120 Days |
[ |
] |
||||||||
|
Local |
: |
YES |
|||
|
Domestic Markets |
: |
SINGAPORE |
|||
|
Overseas |
: |
YES |
|||
|
Export Market |
: |
ASIA |
|||
|
Credit Term |
: |
N/A |
|||
|
Payment Mode |
: |
CHEQUES |
|||
|
Services |
: |
SOFTWARE DEVELOPMENTS AND SYSTEM INTEGRATION SERVICES |
|
|
Total Number of Employees: |
|||||||||
|
YEAR |
2014 |
||||||||
|
|
|||||||||
|
GROUP |
N/A |
||||||||
|
COMPANY |
850 |
||||||||
|
Branch |
: |
NO |
Other Information:
The Subject is
principally engaged in the (as a / as an) software developments and system integration
services.
Wipro delivers IT Services, Business and Technology Consulting services.
Latest fresh
investigations carried out on the Subject indicated that :
|
Telephone Number Provided By Client |
: |
N/A |
|
Current Telephone Number |
: |
65-62210733/62244991 |
|
Match |
: |
N/A |
|
Address Provided by Client |
: |
SINGAPUR BRANCH,31,CANTONMENT ROAD,
SINGAPUR-089747 |
|
Current Address |
: |
31 CANTONMENT ROAD, 089747, SINGAPORE. |
|
Match |
: |
NO |
Other
Investigations
we contacted one of the staff
from the Subject and she provided some information.
The address also belongs to the Subject.
|
Profitability |
||||||
|
Turnover |
: |
Increased |
[ |
43.85% |
] |
|
|
Profit/(Loss) Before Tax |
: |
Increased |
[ |
58.94% |
] |
|
|
Return on Shareholder Funds |
: |
Favourable |
[ |
32.27% |
] |
|
|
Return on Net Assets |
: |
Favourable |
[ |
39.84% |
] |
|
|
The increase in turnover could be due to the
Subject adopting an aggressive marketing strategy.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 |
: |
Favourable |
[ |
4 Days |
] |
|
|
Debtor Ratio |
: |
Unfavourable |
[ |
96 Days |
] |
|
|
Creditors Ratio |
: |
Unfavourable |
[ |
87 Days |
] |
|
|
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. |
||||||
|
Liquidity |
||||||
|
Liquid Ratio |
: |
Favourable |
[ |
2.04 Times |
] |
|
|
Current Ratio |
: |
Favourable |
[ |
2.10 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 |
[ |
198.20 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 : |
||||||
|
Generally, the Subject's performance has
improved with higher 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. |
||||||
|
Overall
financial condition of the Subject : STRONG |
||||||
|
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) |
|||||
|
(Source : Department of Statistics) |
|
INDUSTRY : |
INFORMATION TECHNOLOGY |
|
Singapore's infomation 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 masterplan 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. |
|
|
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. |
|
|
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. |
|
|
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. |
|
|
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. |
|
|
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. |
|
|
OVERALL INDUSTRY OUTLOOK : MARGINAL GROWTH |
|
|
Incorporated in 1997, the Subject is a
Foreign company, focusing on software developments and system integration services.
With its long establishment in the market, the Subject has received strong
support from its stable customers base. Its business position in the market
is quite stable and it is expected to enjoy better market shares over its
rivals. Over the years, the Subject has penetrated
into both the local and overseas market. The Subject has positioned itself in
the global market and is competing in the industry. Its stable clientele base
will enable the Subject to further enhance its business in the near term.
Being a large entity, the Subject has a steady workforce of 850 personnel to
support its business operations. Its future prospects seem to be fairly good
as its business operations are running relatively stable. The Subject has a
good management capability. Its capable management team has enabled the
Subject to keep its business on going. Hence, the future prospect of the
Subject is bright. We noted that both the turnover and
profits have increased compared to the previous year. The higher profit could
be due to increase in turnover and better control over its operating costs.
Based on the higher profitability, the Subject has generated a favourable
return based on its existing shareholders' funds which indicated that the
management was efficient in utilising its funds to generate income. The
Subject is in good liquidity position with its current liabilities well
covered by it current assets. Hence, it has sufficient working capital to
meet its short term financial obligations. Being a zero geared company, the
Subject virtually has no financial risk as it is mainly dependent on its
internal funds to finance its business. Given a positive net worth standing
at INR 1,396,254,515, the Subject should be able to maintain its business in
the near terms. The Subject's overall payment habit is
fair and this clearly implied a weak credit control of the Subject. The industry has reached its maturity
stage and only enjoying a marginal growth. The steady growth of the country's
economy will further enhance the industry activities. With the Subject’s
favourable conditions, it should have acquired competitive edge from its
competitors. |
|
|
|
THE FINANCIAL
STATEMENTS WERE PREPARED IN ACCORDANCE WITH SINGAPORE FINANCIAL REPORTING STANDARDS. |
|
WIPRO LIMITED
(SINGAPORE BRANCH) |
|
Financial Year End |
2012-03-31 |
2011-03-31 |
|
Months |
12 |
12 |
|
Consolidated Account |
Company |
Company |
|
Audited Account |
YES |
YES |
|
Unqualified Auditor's Report (Clean
Opinion) |
YES |
YES |
|
Financial Type |
FULL |
FULL |
|
Currency |
INR |
INR |
|
TURNOVER |
7,972,658,196 |
5,542,341,347 |
|
---------------- |
---------------- |
|
|
Total Turnover |
7,972,658,196 |
5,542,341,347 |
|
Costs of Goods Sold |
(4,275,553,140) |
(3,807,443,485) |
|
---------------- |
---------------- |
|
|
Gross Profit |
3,697,105,056 |
1,734,897,862 |
|
---------------- |
---------------- |
|
|
PROFIT/(LOSS) FROM OPERATIONS |
553,456,434 |
348,215,678 |
|
---------------- |
---------------- |
|
|
PROFIT/(LOSS) BEFORE TAXATION |
553,456,434 |
348,215,678 |
|
Taxation |
(102,867,913) |
(67,194,866) |
|
---------------- |
---------------- |
|
|
PROFIT/(LOSS) AFTER TAXATION |
450,588,521 |
281,020,812 |
|
---------------- |
---------------- |
|
|
RETAINED PROFIT/(LOSS)
BROUGHT FORWARD |
||
|
As previously reported |
1,836,312,697 |
1,555,291,885 |
|
---------------- |
---------------- |
|
|
As restated |
1,836,312,697 |
1,555,291,885 |
|
---------------- |
---------------- |
|
|
PROFIT AVAILABLE FOR APPROPRIATIONS |
2,286,901,218 |
1,836,312,697 |
|
---------------- |
---------------- |
|
|
RETAINED PROFIT/(LOSS) CARRIED FORWARD |
2,286,901,218 |
1,836,312,697 |
|
============= |
============= |
|
|
Others |
2,806,608 |
15,872 |
|
---------------- |
---------------- |
|
|
2,806,608 |
15,872 |
|
|
============= |
============= |
|
WIPRO LIMITED
(SINGAPORE BRANCH) |
|
ASSETS EMPLOYED: |
||
|
FIXED ASSETS |
32,543 |
1,231,458 |
|
---------------- |
---------------- |
|
|
TOTAL LONG TERM ASSETS |
32,543 |
1,231,458 |
|
Stocks |
81,625,255 |
78,773,029 |
|
Trade debtors |
2,093,298,962 |
1,668,774,762 |
|
Other debtors, deposits & prepayments |
35,953,815 |
6,681,009 |
|
Cash & bank balances |
451,834,874 |
255,966,231 |
|
---------------- |
---------------- |
|
|
TOTAL CURRENT ASSETS |
2,662,712,906 |
2,010,195,031 |
|
---------------- |
---------------- |
|
|
TOTAL ASSET |
2,662,745,449 |
2,011,426,489 |
|
============= |
============= |
|
|
CURRENT
LIABILITIES |
||
|
Trade creditors |
1,018,302,028 |
1,131,937,501 |
|
Other creditors & accruals |
57,473,026 |
17,277,970 |
|
Deposits from customers |
21,621,727 |
38,944,307 |
|
Provision for taxation |
165,609,701 |
62,741,788 |
|
Other liabilities |
3,484,452 |
- |
|
---------------- |
---------------- |
|
|
TOTAL CURRENT LIABILITIES |
1,266,490,934 |
1,250,901,566 |
|
---------------- |
---------------- |
|
|
NET CURRENT ASSETS/(LIABILITIES) |
1,396,221,972 |
759,293,465 |
|
---------------- |
---------------- |
|
|
TOTAL NET ASSETS |
1,396,254,515 |
760,524,923 |
|
============= |
============= |
|
|
HEAD OFFICE ACCOUNT |
(890,646,703) |
(1,075,787,774) |
|
Retained profit/(loss) carried forward |
2,286,901,218 |
1,836,312,697 |
|
---------------- |
---------------- |
|
|
TOTAL RESERVES |
2,286,901,218 |
1,836,312,697 |
|
---------------- |
---------------- |
|
|
SHAREHOLDERS' FUNDS/EQUITY |
1,396,254,515 |
760,524,923 |
|
---------------- |
---------------- |
|
|
1,396,254,515 |
760,524,923 |
|
|
============= |
============= |
|
|
WIPRO LIMITED
(SINGAPORE BRANCH) |
|
TYPES OF FUNDS |
||
|
Cash |
451,834,874 |
255,966,231 |
|
Net Liquid Funds |
451,834,874 |
255,966,231 |
|
Net Liquid Assets |
1,314,596,717 |
680,520,436 |
|
Net Current Assets/(Liabilities) |
1,396,221,972 |
759,293,465 |
|
Net Tangible Assets |
1,396,254,515 |
760,524,923 |
|
Net Monetary Assets |
1,314,596,717 |
680,520,436 |
|
BALANCE SHEET
ITEMS |
||
|
Total Liabilities |
1,266,490,934 |
1,250,901,566 |
|
Total Assets |
2,662,745,449 |
2,011,426,489 |
|
Net Assets |
1,396,254,515 |
760,524,923 |
|
Net Assets Backing |
1,396,254,515 |
760,524,923 |
|
Shareholders' Funds |
1,396,254,515 |
760,524,923 |
|
Total Share Capital |
0 |
0 |
|
Total Reserves |
2,286,901,218 |
1,836,312,697 |
|
LIQUIDITY
(Times) |
||
|
Cash Ratio |
0.36 |
0.20 |
|
Liquid Ratio |
2.04 |
1.54 |
|
Current Ratio |
2.10 |
1.61 |
|
WORKING CAPITAL
CONTROL (Days) |
||
|
Stock Ratio |
4 |
5 |
|
Debtors Ratio |
96 |
110 |
|
Creditors Ratio |
87 |
109 |
|
SOLVENCY RATIOS
(Times) |
||
|
Gearing Ratio |
0.00 |
0.00 |
|
Liabilities Ratio |
0.91 |
1.64 |
|
Times Interest Earned Ratio |
198.20 |
21,939.99 |
|
Assets Backing Ratio |
- |
- |
|
PERFORMANCE RATIO
(%) |
||
|
Operating Profit Margin |
6.94 |
6.28 |
|
Net Profit Margin |
5.65 |
5.07 |
|
Return On Net Assets |
39.84 |
45.79 |
|
Return On Capital Employed |
39.84 |
45.79 |
|
Return On Shareholders' Funds/Equity |
32.27 |
36.95 |
|
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.60.34 |
|
UK Pound |
1 |
Rs.101.45 |
|
Euro |
1 |
Rs.83.31 |
INFORMATION DETAILS
|
Analysis Done by
: |
KAR |
|
|
|
|
Report Prepared
by : |
MNL |
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.