|
Report Date : |
03.11.2014 |
IDENTIFICATION DETAILS
|
Name : |
ABADI TRADING PTE LTD |
|
|
|
|
Registered Office : |
236, Bishan Street, 22, 08-152, 570236 |
|
|
|
|
Country : |
Singapore |
|
|
|
|
Financials (as on) : |
31.12.2013 |
|
|
|
|
Date of Incorporation : |
18.11.1994 |
|
|
|
|
Com. Reg. No.: |
199408454-N |
|
|
|
|
Legal Form : |
Exempt Private |
|
|
|
|
Line of Business : |
Subject is engaged in the general trading. |
|
|
|
|
No of Employees : |
10 [2014] |
RATING & COMMENTS
|
MIRA’s Rating : |
Ca |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
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 |
|
Status : |
Moderate |
|
Payment Behaviour : |
Unknown |
|
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 1, 2014
|
Country Name |
Previous Rating (31.03.2014) |
Current Rating (01.06.2014) |
|
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 0.6% 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. |
: |
199408454-N |
|
COMPANY NAME |
: |
ABADI TRADING
PTE LTD |
|
FORMER NAME |
: |
N/A |
|
INCORPORATION DATE |
: |
18/11/1994 |
|
COMPANY STATUS |
: |
EXIST |
|
LEGAL FORM |
: |
Exempt Private |
|
LISTED STATUS |
: |
NO |
|
REGISTERED ADDRESS |
: |
236, Bishan Street, 22, 08-152, 570236,
Singapore. |
|
BUSINESS ADDRESS |
: |
Blk 236, Bishan Street 22 #08-152,
Thomson, 570236, Singapore. |
|
TEL.NO. |
: |
65-64590904 |
|
FAX.NO. |
: |
N/A |
|
CONTACT PERSON |
: |
LIM ( STAFF ) |
|
PRINCIPAL ACTIVITY |
: |
GENERAL TRADING |
|
ISSUED AND PAID UP CAPITAL |
: |
2.00 ORDINARY SHARE, OF A VALUE OF SGD
2.00 |
|
SALES |
: |
SGD 63,300 [2013] |
|
NET WORTH |
: |
SGD (13,600) [2013] |
|
STAFF STRENGTH |
: |
10 [2014] |
|
LITIGATION |
: |
CLEAR |
|
FINANCIAL CONDITION |
: |
POOR |
|
PAYMENT |
: |
N/A |
|
MANAGEMENT CAPABILITY |
: |
WEAK |
|
COMMERCIAL RISK |
: |
N/A |
|
CURRENCY EXPOSURE |
: |
N/A |
|
GENERAL REPUTATION |
: |
SATISFACTORY |
|
INDUSTRY OUTLOOK |
: |
AVERAGE GROWTH |
HISTORY
/ BACKGROUND
|
The Subject is an exempt private company whose shares are not held by any corporate body and has no more than 20 shareholders who are all natural persons. An exempt company is a type of private limited company. 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, suing or be sued by other companies. An exempt private company with an annual turnover of less than SGD5 million are exempted from statutory auditing requirements. Instead of filing audited annual accounts, the Subject has to file in a document duly signed by its director in charge of its finance and the company secretary stating that the Subject is able to meet all its obligations as and when they fall due. The Subject is not required to have their accounts audited. However, the Subject will prepare unaudited accounts for purposes of AGMs and filing with Registry Office if it is unable to meet all its obligations as and when they fall due .
The Subject is principally engaged in the (as a / as an) general trading.
Share Capital History
|
Date |
Issue & Paid Up
Capital |
|
31/10/2014 |
SGD 2.00 |
The major shareholder(s)
of the Subject are shown as follows :
Name |
Address |
IC/PP/Loc
No |
Shareholding |
(%) |
|
KAREN WONG POH NYUK + |
236, BISHAN STREET, 22, 08-152, 570236,
SINGAPORE. |
S1354881A |
1.00 |
50.00 |
|
LIM AI POH + |
236, BISHAN STREET, 22, 08-152, 570236,
SINGAPORE. |
S2012797Z |
1.00 |
50.00 |
|
--------------- |
------ |
|||
|
2.00 |
100.00 |
|||
|
============ |
===== |
+ Also Director
DIRECTORS
|
DIRECTOR 1
|
Name Of Subject |
: |
KAREN WONG POH NYUK |
|
Address |
: |
236, BISHAN STREET, 22, 08-152, 570236,
SINGAPORE. |
|
IC / PP No |
: |
S1354881A |
|
Nationality |
: |
SINGAPOREAN |
|
Date of Appointment |
: |
18/11/1994 |
DIRECTOR 2
|
Name Of Subject |
: |
LIM AI POH |
|
Address |
: |
236, BISHAN STREET, 22, 08-152, 570236,
SINGAPORE. |
|
IC / PP No |
: |
S2012797Z |
|
Date of Appointment |
: |
18/11/1994 |
MANAGEMENT
|
|
1) |
Name of Subject |
: |
LIM |
|
Position |
: |
STAFF |
|
AUDITOR
|
No Auditor found in our databank
COMPANY
SECRETARIES
|
|
1) |
Company Secretary |
: |
LIM AI POH |
|
IC / PP No |
: |
S2012797Z |
|
|
Address |
: |
236, BISHAN STREET, 22, 08-152, 570236,
SINGAPORE. |
|
BANKING
|
No Banker found in our databank.
ENCUMBRANCE
(S)
|
No encumbrance was found in our databank at the time of investigation.
LITIGATION
CHECK AGAINST SUBJECT
|
* 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.
PAYMENT
RECORD
|
|
||
|
SOURCES OF RAW MATERIALS: |
||
|
Local |
: |
N/A |
|
Overseas |
: |
N/A |
The staff from the registered office refused to disclose the Subject's
suppliers.
CLIENTELE
|
|
Local |
: |
N/A |
|
Overseas |
: |
N/A |
The staff from the registered office refused to disclose the Subject's
clientele.
OPERATIONS
|
|
Goods Traded |
: |
GENERAL TRADING |
|
|
Total Number of Employees: |
|||||||||
|
YEAR |
2014 |
||||||||
|
|
|||||||||
|
GROUP |
N/A |
||||||||
|
COMPANY |
10 |
||||||||
|
Branch |
: |
NO |
Other Information:
The Subject is principally engaged in the (as a / as an) general trading.
The staff from the registered office refused to disclose the Subject's
operation.
CURRENT
INVESTIGATION
|
Latest fresh investigations carried out on the Subject indicated that :
|
Telephone Number Provided By Client |
: |
96363508 / 64590904 |
|
Current Telephone Number |
: |
65-64590904 |
|
Match |
: |
YES |
|
Address Provided by Client |
: |
236 BISHAN ST- 22,#08-152 SINGAPORE-570236 |
|
Current Address |
: |
BLK 236, BISHAN STREET 22 #08-152,
THOMSON, 570236, SINGAPORE. |
|
Match |
: |
NO |
Other
Investigations
On 30th October 2014 we contacted one of the staff from the Subject 's registered
office and she only provided limited information.
The address provided is incomplete.
FINANCIAL
ANALYSIS
|
|
Profitability |
||||||
|
Turnover |
: |
Increased |
[ |
13.24% |
] |
|
|
Profit/(Loss) Before Tax |
: |
Increased |
[ |
20.31% |
] |
|
|
Return on Shareholder Funds |
: |
Unfavourable |
[ |
(156.78%) |
] |
|
|
Return on Net Assets |
: |
Unfavourable |
[ |
(159.13%) |
] |
|
|
The higher turnover could be attributed to
the favourable market condition and the Subject could be gaining the market
share progressively.The Subject's management have been efficient in
controlling its operating costs. The Subject's unfavourable returns on
shareholders' funds indicate the management's inefficiency in utilising its
assets to generate returns. |
||||||
|
Working Capital
Control |
||||||
|
Stock Ratio |
: |
Nil |
[ |
0 Days |
] |
|
|
Debtor Ratio |
: |
Favourable |
[ |
0 Days |
] |
|
|
Creditors Ratio |
: |
Favourable |
[ |
0 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 |
: |
Acceptable |
[ |
0.98 Times |
] |
|
|
Current Ratio |
: |
Unfavourable |
[ |
0.98 Times |
] |
|
|
The Subject's liquid ratio was slightly
low. This could indicate that the Subject's working capital was slightly deficient.
The Subject will have to improve its liquidity position either by obtaining
short term financing or increase its paid up capital so that it can meet all
its short term obligations as and when they fall due. |
||||||
|
Solvency |
||||||
|
Interest Cover |
: |
Favourable |
[ |
67.63 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's liquidity was at an acceptable
range. If the Subject is able to obtain further short term financing, it
should be able to meet all its short term obligations. With the favourable
interest cover, the Subject could be able to service all the accrued interest
without facing any difficulties. The Subject was a zero gearing company, it
was solely dependant on its shareholders to provide funds to finance its
business. The Subject has good chance of getting loans, if the needs arises. |
||||||
|
Overall
financial condition of the Subject : POOR |
||||||
|
|
||||||
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 : |
TRADING |
|
The wholesale and retail trade sector
contracted by 1.5% in the fourth quarter of 2012, extending the 0.2% decline in
the preceding quarter. For the whole of 2012, the sector declined by 0.7%,
reversing the 1.6% growth in 2011. The sector was weighed down primarily by
the wholesale trade segment. In 2012, the wholesale trade segment contracted
by 1.0%, a reversal from the 1.4% growth in 2011. Growth of the retail trade
segment also moderated to 2.0%, from 3.2% in the year 2011. |
|
|
The domestic wholesale trade index grew by
1.2% in the fourth quarter of 2012, an improvement from the 5.4% decline in
the third quarter. This was partly due to an increase in the sales of
chemicals & chemical products and ship chandlers & bunkering. For the
full year of 2012, the domestic wholesale trade index contracted by 2.2%,
extending the 1.7% decline in 2011. The foreign wholesale trade index grew by
8.6% in the fourth quarter, an increase from the 6.6% growth in the third
quarter. The expansion was partly due to resilient sales of petroleum &
petroleum products. For the whole of 2012, the foreign wholesale trade index
expanded by 9.1%, faster than the 4.3% increase in 2011. |
|
|
In the fourth quarter of 2012, retail
sales volume declined by 2.0%, extending the 0.3% decline in the third
quarter. Excluding motor vehicles, retail sales volume grew by 0.4%, a slight
moderation compared to the 1.5% gain in the third quarter of 2012. The sales
volume of motor vehicles fell by 11% in the fourth quarter of 2012, after
contracting by 6.1% in the third quarter. The sales of several discretionary
items also declined in the fourth quarter. Besides, the sales of optical
goods & books in 2012 fell by 3.6%, while the sales of telecommunications
apparatus & computers declined by 1.4%. |
|
|
For 2012 as a whole, retail sales volume
grew by 1.3%, compared to the 2.0% expansion in 2011. Excluding motor vehicle
sales, the increase in retail sales volume also moderated from 5.4% in 2011
to 1.7% in 2012. Medical goods & toiletries registered the largest
increase (9.3%) in sales, followed by telecommunications apparatus & computers
(6.9%). By contrast, the sales of watches & jewellery (-2.2%) and optical
goods & books (-3.6%) declined. |
|
|
OVERALL INDUSTRY
OUTLOOK : AVERAGE GROWTH |
|
CREDIT
RISK EVALUATION & RECOMMENDATION
|
|
|
|
|
PROFIT
AND LOSS ACCOUNT
|
|
THE FINANCIAL
STATEMENTS WERE PREPARED IN ACCORDANCE WITH SINGAPORE FINANCIAL REPORTING
STANDARDS. |
|
ABADI TRADING
PTE LTD |
|
Financial
Year End |
2013-12-31 |
2012-12-31 |
|
Months |
12 |
12 |
|
Consolidated Account |
Company |
Company |
|
Audited Account |
YES |
YES |
|
Unqualified Auditor's Report (Clean
Opinion) |
YES |
YES |
|
Financial Type |
FULL |
FULL |
|
Currency |
SGD |
SGD |
|
TURNOVER |
63,300 |
55,900 |
|
---------------- |
---------------- |
|
|
Total Turnover |
63,300 |
55,900 |
|
---------------- |
---------------- |
|
|
PROFIT/(LOSS) FROM OPERATIONS |
21,322 |
17,722 |
|
---------------- |
---------------- |
|
|
PROFIT/(LOSS) BEFORE TAXATION |
21,322 |
17,722 |
|
---------------- |
---------------- |
|
|
PROFIT/(LOSS) AFTER TAXATION |
21,322 |
17,722 |
|
---------------- |
---------------- |
|
|
RETAINED
PROFIT/(LOSS) BROUGHT FORWARD |
||
|
As previously reported |
(34,924) |
(52,646) |
|
---------------- |
---------------- |
|
|
As restated |
(34,924) |
(52,646) |
|
---------------- |
---------------- |
|
|
PROFIT AVAILABLE FOR APPROPRIATIONS |
(13,602) |
(34,924) |
|
---------------- |
---------------- |
|
|
RETAINED PROFIT/(LOSS) CARRIED FORWARD |
(13,602) |
(34,924) |
|
============= |
============= |
|
|
INTEREST EXPENSE
(as per notes to P&L) |
||
|
Others |
320 |
428 |
|
---------------- |
---------------- |
|
|
320 |
428 |
|
|
============= |
============= |
|
|
|
|
|
BALANCE
SHEET
|
|
ABADI TRADING
PTE LTD |
|
Trade debtors |
47 |
46 |
|
Cash & bank balances |
804,195 |
400,424 |
|
---------------- |
---------------- |
|
|
TOTAL CURRENT ASSETS |
804,242 |
400,470 |
|
---------------- |
---------------- |
|
|
TOTAL ASSET |
804,242 |
400,470 |
|
============= |
============= |
|
|
Other creditors & accruals |
802,704 |
419,934 |
|
Amounts owing to director |
15,138 |
15,458 |
|
---------------- |
---------------- |
|
|
TOTAL CURRENT LIABILITIES |
817,842 |
435,392 |
|
---------------- |
---------------- |
|
|
NET CURRENT ASSETS/(LIABILITIES) |
(13,600) |
(34,922) |
|
---------------- |
---------------- |
|
|
TOTAL NET ASSETS |
(13,600) |
(34,922) |
|
============= |
============= |
|
|
SHARE CAPITAL |
||
|
Ordinary share capital |
2 |
2 |
|
---------------- |
---------------- |
|
|
TOTAL SHARE CAPITAL |
2 |
2 |
|
Retained profit/(loss) carried forward |
(13,602) |
(34,924) |
|
---------------- |
---------------- |
|
|
TOTAL RESERVES |
(13,602) |
(34,924) |
|
---------------- |
---------------- |
|
|
SHAREHOLDERS' FUNDS/EQUITY |
(13,600) |
(34,922) |
|
---------------- |
---------------- |
|
|
(13,600) |
(34,922) |
|
|
============= |
============= |
|
|
|
|
|
FINANCIAL
RATIO
|
|
ABADI TRADING
PTE LTD |
|
TYPES OF FUNDS |
||
|
Cash |
804,195 |
400,424 |
|
Net Liquid Funds |
804,195 |
400,424 |
|
Net Liquid Assets |
(13,600) |
(34,922) |
|
Net Current Assets/(Liabilities) |
(13,600) |
(34,922) |
|
Net Tangible Assets |
(13,600) |
(34,922) |
|
Net Monetary Assets |
(13,600) |
(34,922) |
|
BALANCE SHEET
ITEMS |
||
|
Total Borrowings |
0 |
0 |
|
Total Liabilities |
817,842 |
435,392 |
|
Total Assets |
804,242 |
400,470 |
|
Net Assets |
(13,600) |
(34,922) |
|
Net Assets Backing |
(13,600) |
(34,922) |
|
Shareholders' Funds |
(13,600) |
(34,922) |
|
Total Share Capital |
2 |
2 |
|
Total Reserves |
(13,602) |
(34,924) |
|
LIQUIDITY
(Times) |
||
|
Cash Ratio |
0.98 |
0.92 |
|
Liquid Ratio |
0.98 |
0.92 |
|
Current Ratio |
0.98 |
0.92 |
|
WORKING CAPITAL
CONTROL (Days) |
||
|
Stock Ratio |
0 |
0 |
|
Debtors Ratio |
0 |
0 |
|
Creditors Ratio |
0 |
0 |
|
SOLVENCY RATIOS
(Times) |
||
|
Gearing Ratio |
0.00 |
0.00 |
|
Liabilities Ratio |
(60.14) |
(12.47) |
|
Times Interest Earned Ratio |
67.63 |
42.41 |
|
Assets Backing Ratio |
(6,800.00) |
(17,461.00) |
|
PERFORMANCE
RATIO (%) |
||
|
Operating Profit Margin |
33.68 |
31.70 |
|
Net Profit Margin |
33.68 |
31.70 |
|
Return On Net Assets |
(159.13) |
(51.97) |
|
Return On Capital Employed |
(159.13) |
(51.97) |
|
Return On Shareholders' Funds/Equity |
(156.78) |
(50.75) |
|
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.61.41 |
|
|
1 |
Rs.98.06 |
|
Euro |
1 |
Rs.77.19 |
INFORMATION DETAILS
|
Analysis Done by
: |
DIV |
|
|
|
|
Report Prepared
by : |
TPT |
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.