|
Report Date : |
09.05.2014 |
IDENTIFICATION DETAILS
|
Name : |
KCT GLOBAL PTE. LTD. |
|
|
|
|
Registered Office : |
80, Robinson Road, 02 - 00, 068898 |
|
|
|
|
Country : |
Singapore |
|
|
|
|
Financials (as on) : |
31.03.2013 |
|
|
|
|
Date of Incorporation : |
10.08.2011 |
|
|
|
|
Com. Reg. No.: |
201118980-H |
|
|
|
|
Legal Form : |
Private Limited Company |
|
|
|
|
Line of Business : |
Engaged in an investment holding (We tried to confirm / obtain the detailed activity but the same is not available from any sources) |
|
|
|
|
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 : |
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 |
|
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. |
: |
201118980-H |
||||
|
COMPANY NAME |
: |
KCT GLOBAL PTE. LTD. |
||||
|
FORMER NAME |
: |
N/A |
||||
|
INCORPORATION DATE |
: |
10/08/2011 |
||||
|
COMPANY STATUS |
: |
EXIST |
||||
|
LEGAL FORM |
: |
PRIVATE LIMITED |
||||
|
LISTED STATUS |
: |
NO |
||||
|
REGISTERED ADDRESS |
: |
80, ROBINSON ROAD, 02 - 00, 068898, SINGAPORE. |
||||
|
BUSINESS ADDRESS |
: |
80, ROBINSON ROAD, 02-00, 068898, SINGAPORE. |
||||
|
TEL.NO. |
: |
65-62363333 |
||||
|
FAX.NO. |
: |
65-62364399 |
||||
|
CONTACT PERSON |
: |
VIRENDRA KUMAR ARORA ( DIRECTOR ) |
||||
|
PRINCIPAL ACTIVITY |
: |
INVESTMENT HOLDING |
||||
|
ISSUED AND PAID UP CAPITAL |
: |
2,800,001.00 ORDINARY SHARE, OF A VALUE OF
USD 2,800,001.00 |
||||
|
SALES |
: |
USD 123,802 [2013] |
||||
|
NET WORTH |
: |
USD 2,855,453 [2013] |
||||
|
STAFF STRENGTH |
: |
N/A |
||||
|
||||||
|
LITIGATION |
: |
CLEAR |
||||
|
FINANCIAL CONDITION |
: |
FAIR |
||||
|
PAYMENT |
: |
GOOD |
||||
|
MANAGEMENT CAPABILITY |
: |
AVERAGE |
||||
|
COMMERCIAL RISK |
: |
N/A |
||||
|
CURRENCY EXPOSURE |
: |
N/A |
||||
|
GENERAL REPUTATION |
: |
SATISFACTORY |
||||
|
INDUSTRY OUTLOOK |
: |
MARGINAL 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) investment holding.
The immediate and ultimate holding company of the Subject is KARAM CHAND THAPAR & BROS. (COAL SALES) LTD., a company incorporated in INDIA.
Share Capital History
|
Date |
Issue & Paid Up Capital |
|
07/05/2014 |
USD 2,800,001.00 |
The major
shareholder(s) of the Subject are shown as follows :
Name |
Address |
IC/PP/Loc No |
Shareholding |
(%) |
|
KARAM CHAND THAPAR & BROS. (COAL SALES) LTD. |
THAPAR HOUSE, 25, BRABOURNE ROAD. KOLKATA, WB 700001, INDIA. |
T11UF3190 |
2,800,001.00 |
100.00 |
|
--------------- |
------ |
|||
|
2,800,001.00 |
100.00 |
|||
|
============ |
===== |
+ Also Director
The Subject's
interest in other companies (Subsidiaries/Associates) are shown as follow :
Local No |
Country |
Company |
(%) |
As At |
|
INDONESIA |
PT. KCT INTERNATIONAL |
99.80 |
31/03/2013 |
|
|
SG1000 |
SINGAPORE |
KCT PARAM ENERGY PTE. LTD. |
60.00 |
31/03/2013 |
DIRECTOR 1
|
Name Of Subject |
: |
VIRENDRA KUMAR ARORA |
|
Address |
: |
22, NAVRANG 10/1, ALIPORE PARK PLACE KOLKATA-27, INDIA. |
|
IC / PP No |
: |
J1561485 |
|
Nationality |
: |
INDIAN |
|
Date of Appointment |
: |
02/05/2012 |
DIRECTOR 2
|
Name Of Subject |
: |
EDDIE TEOH SIAH HAI |
|
Address |
: |
2, MARSHALL ROAD, 424838, SINGAPORE. |
|
IC / PP No |
: |
S0616955D |
|
Nationality |
: |
SINGAPOREAN |
|
Date of Appointment |
: |
01/07/2012 |
DIRECTOR 3
|
Name Of Subject |
: |
MANOJ KUMAR JAIN |
|
Address |
: |
20/1, CHELTA ROAD, 13B, DIAMOND HEIGHTS, KOLKATA, 700027, WEST BENGAL,
13TH FLOOR, INDIA. |
|
IC / PP No |
: |
G1100330 |
|
Nationality |
: |
INDIAN |
|
Date of Appointment |
: |
06/12/2013 |
|
1) |
Name of Subject |
: |
VIRENDRA KUMAR ARORA |
|
Position |
: |
DIRECTOR |
|
|
2) |
Name of Subject |
: |
CATHERINE |
|
Position |
: |
STAFF |
|
Auditor |
: |
ROBIN CHIA & CO. |
|
Auditor' Address |
: |
N/A |
|
1) |
Company Secretary |
: |
TAY CHEE WAH |
|
IC / PP No |
: |
S6968275H |
|
|
Address |
: |
1, BEDOK SOUTH AVENUE 1, 09 - 921, 460001, SINGAPORE. |
|
|
2) |
Company Secretary |
: |
MS. CHAN WAN MEI |
|
IC / PP No |
: |
S7268474E |
|
|
Address |
: |
577, PASIR RIS STREET 53, 06-96, 510577, SINGAPORE. |
|
Banking relations are maintained
principally with :
|
1) |
Name |
: |
DEUTSCHE BANK AKTIENGESELLSCHAFT |
|
Charge No |
Creation Date |
Charge
Description |
Chargee Name |
Total Charge |
Status |
|
C201206617 |
19/06/2012 |
N/A |
DEUTSCHE BANK AKTIENGESELLSCHAFT |
- |
Unsatisfied |
* 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 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.
|
Services |
: |
INVESTMENT HOLDING |
|
|
Branch |
: |
NO |
Other Information:
The Subject is
principally engaged in the (as a / as an) investment holding.
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 |
: |
65-62363333 |
|
Match |
: |
N/A |
|
Address Provided by Client |
: |
1 RAFFLES PLACE, #44-02 ONE RAFFLES PLACE, SINGAPORE 048616 |
|
Current Address |
: |
80, ROBINSON ROAD, 02-00, 068898, SINGAPORE. |
|
Match |
: |
NO |
Other Investigations
we contacted one of the staff
from the Subject's registered office and she only provided limited information.
She refused to disclose the Subject's number of employees.
The post code provided is incorrect.
|
Profitability |
||||||
|
Turnover |
: |
Increased |
[ |
(0.00%) |
] |
|
|
Profit/(Loss) Before Tax |
: |
Decreased |
[ |
(460.99%) |
] |
|
|
Return on Shareholder Funds |
: |
Unfavourable |
[ |
2.73% |
] |
|
|
Return on Net Assets |
: |
Unfavourable |
[ |
3.21% |
] |
|
|
The higher turnover could be attributed to the favourable market
condition.The management had succeeded in turning the Subject into a profit
making company. The profit could be due to better control of its operating
costs and efficiency in utilising its resources. The unfavourable return on
shareholders' funds could indicate that the Subject was inefficient in
utilising its assets to generate returns. |
||||||
|
Working Capital Control |
||||||
|
Stock Ratio |
: |
Nil |
[ |
0 Days |
] |
|
|
Debtor Ratio |
: |
Unfavourable |
[ |
166 Days |
] |
|
|
Creditors Ratio |
: |
Favourable |
[ |
0 Days |
] |
|
|
As the Subject is a service oriented company, the Subject does not
need to keep stocks. The Subject's debtors ratio was high. The Subject should
tighten its credit control and improve its collection period. 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 |
: |
Favourable |
[ |
3.96 Times |
] |
|
|
Current Ratio |
: |
Favourable |
[ |
3.96 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 |
[ |
13.93 Times |
] |
|
|
Gearing Ratio |
: |
Favourable |
[ |
0.32 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 was lowly
geared thus it had a low financial risk. The Subject was mainly financed by
its shareholders' funds and internally generated funds. In times of economic
slowdown / downturn, the Subject being a lowly geared company, will be able
to compete better than those companies which are highly geared in the same
industry. |
||||||
|
Overall Assessment : |
||||||
|
The higher turnover had helped to reduce the Subject's losses. 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 as a lowly
geared company, will be more secured compared to those highly geared
companies. It has the ability to meet all its long term obligations. |
||||||
|
Overall financial condition of the Subject : FAIR |
||||||
|
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 : |
ECONOMY |
|
According to Ministry of Trade and Industry (MTI), the Singapore
economy is expected to grow by 1.0 to 3.0% in 2013 as growth in the global
economy is likely to remain subdued despite macroeconomic conditions stablising
in recent months of 2013. |
|
|
However, the global economic outlook is still clouded with
uncertainties. Notably, concerns remain over the extent of the fiscal cutback
with the budget sequester in the US and potential flareup of the debt crisis
in the Eurozone. Should any of these risks materialise, Singapore's economic
growth could come in lower than expected. |
|
|
Although resilient domestic demand in emerging Asia will provide some
support to global demand, it will not fully mitigate the effects of an economic
slowdown in the advanced economies. Consequently, Singapore's
externally-oriented sectors such as electronics and wholesale trade will
continue to perform poorly, while the financial services sector will be
affected by heightened uncertainties in the external environment.
Nevertheless, there will be some modest support to growth from the biomedical
manufacturing cluster and tourism-related sectors. The former will likely see
increased production of active pharmaceutical ingredients and biologics while
the latter will benefit from rising visitor arrivals from the region. |
|
|
For the whole of 2012, Singapore's GDP growth slowed to 1.3%, from
5.2% in 2011, mainly due to weakness in the externally-oriented sectors.
Manufacturing sector growth slowed sharply from 7.8% in the year 2011 to
0.1%. The hudge decline was largely due to a rebound in the output of the
biomedical manufacturing and transport engineering clusters, which together
helped to mitigate part of the fall in output in the electronics cluster. By
contrast, the construction sector growth accelerated from 6.3% to 8.2% in
2012, due to the expansion in both public and private building activities. |
|
|
Growth in the services producing industries also moderated to 1.2% in
2012, compared to 4.6% in 2011. This was mainly due to the slowdown in
wholesale and retail trade, accommodation and food services as well as other
services industries. In particular, the wholesale and retail trade sector
contracted by 0.7%, compared to the 1.6% growth in year 2011. The
accommodation and food services as well as other services industries posted
lower gains of 2.8% and 0.1% respectively, compared to 8.2% and 6.3% in 2011. |
|
|
For the whole of 2012, all sectors, except the wholesale and retail
trade, contributed to growth. Business services was the largest contributor
with 0.4 percentage-points, followed by construction with 0.3
percentage-points and transportation and storage at 0.2 percentagepoints.
Besides, growth in total demand moderated to 2.4%, compared to 4.2% in 2011.
Domestic demand was the key contributor to total demand growth, accounting
for 2.2 percentage-points, or over 90 per cent, of the increase. |
|
|
In 2012, total domestic demand rose by 9.7%, following the 6.5%
increase in 2011. The growth in total domestic demand was broad-based across
consumption, gross fixed capital formation (GFCF) and changes in inventories.
The total consumption expenditure in 2012 grew slightly by 0.9%, easing from
the 3.7% growth in 2011. Public consumption expenditure fell by 3.6%,
reversing the 0.5% growth in 2011. Private consumption expenditure registered
a 2.2% gain, moderating from the 4.6% increase in the preceding year. |
|
|
Overall, the Singapore economy is expected to grow by 1.0 to 3.0% in
2013. |
|
|
OVERALL INDUSTRY OUTLOOK : MARGINAL GROWTH |
|
|
Incorporated in 2011, the Subject is a
Private Limited company, focusing on investment holding. The Subject has been
in business for 3 years and it has slowly been building up contact with its
clients while competing in the industry. However, having strong support from
its holding company has enabled the Subject to remain competitive despite the
challenging business environment. The capital standing of the Subject is
fair. With an adequate share capital, the Subject has the potential of
expanding its business in future. Overall, we regard that the Subject's
management capability is average. This indicates that the Subject has greater
potential to improve its business performance and raising income for the
Subject. 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.
The Subject has generated an unfavourable return on shareholders' funds
indicating that the management was inefficient in utilising its funds to
generate return. The Subject however 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 lowly
geared company, the Subject is exposed to low financial risk as it is mainly
dependent on its internal funds to finance its business needs. Given a
positive net worth standing at USD 2,855,453, the Subject should be able to
maintain its business in the near terms. Overall, the Subject's payment habit is
good as the Subject has a good credit control and it could be taking
advantage of the cash discounts while maintaining a good reputation with its
creditors. 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. Thus, the Subject's
future performance is very much depend on its marketing strategies in order
to retain its position in the market. Based on the above condition, we recommend
credit be granted to the Subject normally. |
|
|
|
THE FINANCIAL
STATEMENTS WERE PREPARED IN ACCORDANCE WITH SINGAPORE FINANCIAL REPORTING
STANDARDS. |
|
KCT GLOBAL
PTE. LTD. |
|
Financial Year End |
2013-03-31 |
2012-03-31 |
|
Months |
12 |
8 |
|
Consolidated Account |
GROUP |
GROUP |
|
Audited Account |
YES |
YES |
|
Unqualified Auditor's Report (Clean Opinion) |
YES |
YES |
|
Financial Type |
FULL |
FULL |
|
Currency |
USD |
USD |
|
TURNOVER |
123,802 |
- |
|
Other Income |
202,111 |
- |
|
---------------- |
---------------- |
|
|
Total Turnover |
325,913 |
- |
|
---------------- |
---------------- |
|
|
PROFIT/(LOSS) FROM OPERATIONS |
85,173 |
(23,594) |
|
---------------- |
---------------- |
|
|
PROFIT/(LOSS) BEFORE TAXATION |
85,173 |
(23,594) |
|
Taxation |
(7,127) |
- |
|
---------------- |
---------------- |
|
|
PROFIT/(LOSS) AFTER TAXATION |
78,046 |
(23,594) |
|
Minority interests |
(24) |
24 |
|
---------------- |
---------------- |
|
|
PROFIT/(LOSS) BEFORE EXTRAORDINARY ITEMS |
78,022 |
(23,570) |
|
---------------- |
---------------- |
|
|
PROFIT/(LOSS) ATTRIBUTABLE TO SHAREHOLDERS |
78,022 |
(23,570) |
|
RETAINED PROFIT/(LOSS) BROUGHT FORWARD |
||
|
As previously reported |
(23,570) |
- |
|
---------------- |
---------------- |
|
|
As restated |
(23,570) |
- |
|
---------------- |
---------------- |
|
|
PROFIT AVAILABLE FOR APPROPRIATIONS |
54,452 |
(23,570) |
|
---------------- |
---------------- |
|
|
RETAINED PROFIT/(LOSS) CARRIED FORWARD |
54,452 |
(23,570) |
|
============= |
============= |
|
|
Others |
6,587 |
- |
|
---------------- |
---------------- |
|
|
6,587 |
- |
|
|
============= |
|
KCT GLOBAL
PTE. LTD. |
|
Trade debtors |
56,302 |
- |
|
Other debtors, deposits & prepayments |
518,912 |
- |
|
Interest receivable |
36,811 |
- |
|
Amount due from director |
1,000 |
1,000 |
|
Cash & bank balances |
16,504 |
21,066 |
|
Others |
3,190,957 |
- |
|
---------------- |
---------------- |
|
|
TOTAL CURRENT ASSETS |
3,820,486 |
22,066 |
|
---------------- |
---------------- |
|
|
TOTAL ASSET |
3,820,486 |
22,066 |
|
============= |
============= |
|
|
Other creditors & accruals |
18,479 |
4,671 |
|
Short term borrowings/Term loans |
927,348 |
- |
|
Amounts owing to holding company |
7,137 |
39,988 |
|
Amounts owing to director |
4,942 |
- |
|
Provision for taxation |
7,127 |
- |
|
---------------- |
---------------- |
|
|
TOTAL CURRENT LIABILITIES |
965,033 |
44,659 |
|
---------------- |
---------------- |
|
|
NET CURRENT ASSETS/(LIABILITIES) |
2,855,453 |
(22,593) |
|
---------------- |
---------------- |
|
|
TOTAL NET ASSETS |
2,855,453 |
(22,593) |
|
============= |
============= |
|
|
SHARE CAPITAL |
||
|
Ordinary share capital |
2,800,001 |
1 |
|
---------------- |
---------------- |
|
|
TOTAL SHARE CAPITAL |
2,800,001 |
1 |
|
Retained profit/(loss) carried forward |
54,452 |
(23,570) |
|
---------------- |
---------------- |
|
|
TOTAL RESERVES |
54,452 |
(23,570) |
|
MINORITY INTEREST |
1,000 |
976 |
|
---------------- |
---------------- |
|
|
SHAREHOLDERS' FUNDS/EQUITY |
2,855,453 |
(22,593) |
|
---------------- |
---------------- |
|
|
2,855,453 |
(22,593) |
|
|
============= |
============= |
|
|
KCT GLOBAL
PTE. LTD. |
|
TYPES OF FUNDS |
||
|
Cash |
16,504 |
21,066 |
|
Net Liquid Funds |
16,504 |
21,066 |
|
Net Liquid Assets |
2,855,453 |
(22,593) |
|
Net Current Assets/(Liabilities) |
2,855,453 |
(22,593) |
|
Net Tangible Assets |
2,855,453 |
(22,593) |
|
Net Monetary Assets |
2,855,453 |
(22,593) |
|
BALANCE SHEET ITEMS |
||
|
Total Borrowings |
927,348 |
0 |
|
Total Liabilities |
965,033 |
44,659 |
|
Total Assets |
3,820,486 |
22,066 |
|
Net Assets |
2,855,453 |
(22,593) |
|
Net Assets Backing |
2,855,453 |
(22,593) |
|
Shareholders' Funds |
2,855,453 |
(22,593) |
|
Total Share Capital |
2,800,001 |
1 |
|
Total Reserves |
54,452 |
(23,570) |
|
LIQUIDITY (Times) |
||
|
Cash Ratio |
0.02 |
0.47 |
|
Liquid Ratio |
3.96 |
0.49 |
|
Current Ratio |
3.96 |
0.49 |
|
WORKING CAPITAL CONTROL (Days) |
||
|
Stock Ratio |
0 |
0 |
|
Debtors Ratio |
166 |
0 |
|
Creditors Ratio |
0 |
0 |
|
SOLVENCY RATIOS (Times) |
||
|
Gearing Ratio |
0.32 |
0.00 |
|
Liabilities Ratio |
0.34 |
(1.98) |
|
Times Interest Earned Ratio |
13.93 |
0.00 |
|
Assets Backing Ratio |
1.00 |
1.00 |
|
PERFORMANCE RATIO (%) |
||
|
Operating Profit Margin |
68.80 |
0.00 |
|
Net Profit Margin |
63.02 |
0.00 |
|
Return On Net Assets |
3.21 |
104.43 |
|
Return On Capital Employed |
3.21 |
109.15 |
|
Return On Shareholders' Funds/Equity |
2.73 |
104.32 |
|
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.59.99 |
|
UK Pound |
1 |
Rs.101.75 |
|
Euro |
1 |
Rs.83.48 |
INFORMATION DETAILS
|
Analysis Done by
: |
DIV |
|
|
|
|
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.