|
Report Date : |
28.10.2014 |
IDENTIFICATION DETAILS
|
Name : |
ACALPO PTE LTD |
|
|
|
|
Registered Office : |
20, Malacca Street, 08-00, Malacca Centre, 048979 |
|
|
|
|
Country : |
Singapore |
|
|
|
|
Financials (as on) : |
30.06.2013 |
|
|
|
|
Date of Incorporation : |
05.02.1999 |
|
|
|
|
Com. Reg. No.: |
199900612-W |
|
|
|
|
Legal Form : |
Private Limited |
|
|
|
|
Line of Business : |
Trading of Edible Oil. |
|
|
|
|
No. of Employees : |
10 [2014] |
RATING & COMMENTS
|
MIRA’s Rating : |
B |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
|
Status : |
Moderate |
|
|
|
|
Payment Behaviour : |
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 – 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 |
|
REGISTRATION NO. |
: |
199900612-W |
||||
|
COMPANY NAME |
: |
ACALPO PTE LTD |
||||
|
FORMER NAME |
: |
N/A |
||||
|
INCORPORATION DATE |
: |
05/02/1999 |
||||
|
COMPANY STATUS |
: |
EXIST |
||||
|
LEGAL FORM |
: |
PRIVATE LIMITED |
||||
|
LISTED STATUS |
: |
NO |
||||
|
REGISTERED ADDRESS |
: |
20, MALACCA STREET, 08-00, MALACCA CENTRE, 048979, SINGAPORE. |
||||
|
BUSINESS ADDRESS |
: |
ROYAL BROTHERS BUILDING #03-02, 22 MALACCA STREET, 048980, SINGAPORE. |
||||
|
TEL.NO. |
: |
65-63244600 |
||||
|
FAX.NO. |
: |
65-63244656 |
||||
|
CONTACT PERSON |
: |
GAUTAM RAMPURIA ( DIRECTOR ) |
||||
|
PRINCIPAL ACTIVITY |
: |
TRADING OF EDIBLE OIL |
||||
|
ISSUED AND PAID UP CAPITAL |
: |
3,500,000.00 ORDINARY SHARE, OF A VALUE OF SGD 3,500,000.00 |
||||
|
SALES |
: |
USD 82,825,402 [2013] |
||||
|
NET WORTH |
: |
USD 17,975,737 [2013] |
||||
|
STAFF STRENGTH |
: |
10 [2014] |
||||
|
||||||
|
LITIGATION |
: |
CLEAR |
||||
|
FINANCIAL CONDITION |
: |
LIMITED |
||||
|
PAYMENT |
: |
GOOD |
||||
|
MANAGEMENT CAPABILITY |
: |
AVERAGE |
||||
|
COMMERCIAL RISK |
: |
LOW |
||||
|
CURRENCY EXPOSURE |
: |
MODERATE |
||||
|
GENERAL REPUTATION |
: |
SATISFACTORY |
||||
|
INDUSTRY OUTLOOK |
: |
AVERAGE 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) trading of
edible oil.
Share Capital History
|
Date |
Issue & Paid Up Capital |
|
15/09/2014 |
SGD 3,500,000.00 |
The major shareholder(s) of the Subject are shown as follows :
|
Name |
Address |
IC/PP/Loc No |
Shareholding |
(%) |
|
ESTROIL HOLDINGS LIMITED |
957, ROAD TOWN TORTOLA, VIRGIN ISLANDS,
BRITISH. |
T08UF0429C |
3,500,000.00 |
100.00 |
|
--------------- |
------ |
|||
|
3,500,000.00 |
100.00 |
|||
|
============ |
===== |
+ Also Director
DIRECTOR 1
|
Name Of Subject |
: |
GAUTAM RAMPURIA |
|
Address |
: |
17A, BERRIMA ROAD, 299930, SINGAPORE. |
|
IC / PP No |
: |
S6864867Z |
|
Nationality |
: |
SINGAPOREAN |
|
Date of Appointment |
: |
16/03/1999 |
|
1) |
Name of Subject |
: |
GAUTAM RAMPURIA |
|
Position |
: |
DIRECTOR |
|
Auditor |
: |
J K MEDORA & CO LLP |
|
Auditor' Address |
: |
N/A |
|
1) |
Company Secretary |
: |
SEET BENG CHOO |
|
IC / PP No |
: |
S1234059A |
|
|
Address |
: |
22, MALACCA STREET 03-02, RB CAPITAL BUILDING, 04898, SINGAPORE. |
|
Banking relations are maintained principally with :
|
1) |
Name |
: |
THE HONGKONG AND SHANGHAI BANKING CORPORATION LIMITED |
|
2) |
Name |
: |
OVERSEA-CHINESE BANKING CORPORATION LIMITED |
|
3) |
Name |
: |
CITIBANK N.A. |
|
4) |
Name |
: |
STANDARD CHARTERED BANK |
|
Charge No |
Creation Date |
Charge
Description |
Chargee Name |
Total Charge |
Status |
|
199901574 |
04/05/1999 |
N/A |
COOPERATIEVE CENTRALE RAIFFEISENBOERENLEENBANK B.A |
- |
Unsatisfied |
|
200105257 |
24/10/2001 |
N/A |
THE HONGKONG AND SHANGHAI BANKING CORPORATION LIMITED |
- |
Unsatisfied |
|
C200303883 |
13/08/2003 |
N/A |
OVERSEA-CHINESE BANKING CORPORATION LIMITED |
- |
Unsatisfied |
|
C200505168 |
29/08/2005 |
N/A |
DBS BANK LTD. |
- |
Unsatisfied |
|
C200708685 |
15/10/2007 |
N/A |
AUSTRALIA AND NEW ZEALAND BANKING GROUP LIMITED |
- |
Unsatisfied |
|
C200801518 |
06/02/2008 |
N/A |
CITIBANK N.A. |
- |
Unsatisfied |
|
C201009426 |
13/10/2010 |
N/A |
STANDARD CHARTERED BANK |
- |
Unsatisfied |
* 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.
|
SOURCES OF RAW MATERIALS: |
||
|
Local |
: |
YES |
|
Overseas |
: |
YES |
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 |
: |
YES |
|||
|
Domestic Markets |
: |
SINGAPORE |
|||
|
Overseas |
: |
YES |
|||
|
Export Market |
: |
INDIA |
|||
|
Credit Term |
: |
N/A |
|||
|
Payment Mode |
: |
CHEQUES |
|||
|
Goods Traded |
: |
EDIBLE OIL |
|
|
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) trading of edible oil.
The Subject refused to reveal any information on its Business Operation.
Latest fresh investigations
carried out on the Subject indicated that :
|
Telephone Number Provided By Client |
: |
N/A |
|
Current Telephone Number |
: |
65-63244600 |
|
Match |
: |
N/A |
|
Address Provided by Client |
: |
N/A |
|
Current Address |
: |
ROYAL BROTHERS BUILDING #03-02, 22 MALACCA STREET, 048980, SINGAPORE. |
|
Match |
: |
N/A |
Other Investigations
We contacted one of the staff from the Subject and she provided limited
information.
|
Profitability |
||||||
|
Return on Shareholder Funds |
: |
Unfavourable |
[ |
1.25% |
] |
|
|
Return on Net Assets |
: |
Unfavourable |
[ |
4.73% |
] |
|
|
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 |
: |
Acceptable |
[ |
57 Days |
] |
|
|
Creditors Ratio |
: |
Favourable |
[ |
44 Days |
] |
|
|
As the Subject is a service oriented company, the Subject does not
need to keep stocks. The Subject's management was quite efficient in handling
its debtors. The Subject's debtors days were at an acceptable range, thus the
risk of its debts turning bad was minimised. 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 |
[ |
2.34 Times |
] |
|
|
Current Ratio |
: |
Favourable |
[ |
2.34 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 |
: |
Unfavourable |
[ |
1.36 Times |
] |
|
|
Gearing Ratio |
: |
Favourable |
[ |
0.00 Times |
] |
|
|
The Subject's interest cover was low. If its profits fall or when
interest rate rises, it may not be able to meet all its interest
payment. 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 : |
||||||
|
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. If
there is a fall in the Subject's profit or any increase in interest rate, the
Subject may not be able to generate sufficient cash-flow to service its
interest. 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 : LIMITED |
||||||
|
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 : |
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 |
|
|
Incorporated in 1999, the Subject is a
Private Limited company, focusing on trading of edible oil. Having been in
the industry for 15 years, the Subject has achieved a certain market share
and has built up a satisfactory reputation in the market. It should have
received supports from its regular customers. We noted that the Subject's
issued and paid up capital is SGD 3,500,000. Having strong support from its
shareholder has enabled the Subject to remain competitive despite the
challenging business environment. 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. The
Subject can be recognize as a small company with only 10 employees in its
operation. 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. The Subject has generated its turnover of
USD 82,825,402 and its pre-tax profit of USD 224,185. 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 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 USD 17,975,737, the Subject should be able to maintain its business in the
near terms. Having a strong assets backing, the
Subject possesses latent assets as collateral for further financial
extension. Hence, it has good chance of getting loans if the needs arises.
The Subject's supplier are from both the local and overseas countries. This
will eliminates the risk of dependency on deliveries from a number of key
suppliers and insufficient quantities of its raw materials. Overall the
Subject has a good control over its resources. 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 shows an upward trend and
this trend is very likely to sustain in the near terms. Hence, the Subject is
expected to benefit from the favourable outlook of the industry. Based on the strong financial condition,
we recommend credit be granted to the Subject promptly. |
|
|
|
THE FINANCIAL STATEMENTS
WERE PREPARED IN ACCORDANCE WITH SINGAPORE FINANCIAL REPORTING STANDARDS. |
|
ACALPO PTE LTD |
|
Financial Year End |
2013-06-30 |
2011-12-31 |
|
Months |
18 |
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 |
82,825,402 |
95,781,999 |
|
Other Income |
134,265 |
170,574 |
|
---------------- |
---------------- |
|
|
Total Turnover |
82,959,667 |
95,952,573 |
|
---------------- |
---------------- |
|
|
PROFIT/(LOSS) FROM OPERATIONS |
224,185 |
584,037 |
|
---------------- |
---------------- |
|
|
PROFIT/(LOSS) BEFORE TAXATION |
224,185 |
584,037 |
|
Taxation |
(273) |
(63,094) |
|
---------------- |
---------------- |
|
|
PROFIT/(LOSS) AFTER TAXATION |
223,912 |
520,943 |
|
---------------- |
---------------- |
|
|
RETAINED PROFIT/(LOSS) BROUGHT FORWARD |
||
|
As previously reported |
19,071,033 |
22,850,090 |
|
---------------- |
---------------- |
|
|
As restated |
19,071,033 |
22,850,090 |
|
---------------- |
---------------- |
|
|
PROFIT AVAILABLE FOR APPROPRIATIONS |
19,294,945 |
23,371,033 |
|
DIVIDENDS - Ordinary (paid & proposed) |
(3,440,000) |
(4,300,000) |
|
---------------- |
---------------- |
|
|
RETAINED PROFIT/(LOSS) CARRIED FORWARD |
15,854,945 |
19,071,033 |
|
============= |
============= |
|
|
INTEREST EXPENSE (as per notes to P&L) |
||
|
Trust receipts |
395,377 |
324,632 |
|
Others |
231,061 |
329,702 |
|
---------------- |
---------------- |
|
|
626,438 |
654,334 |
|
|
============= |
============= |
|
ACALPO PTE LTD |
|
ASSETS EMPLOYED: |
||
|
FIXED ASSETS |
25,025 |
- |
|
---------------- |
---------------- |
|
|
TOTAL LONG TERM ASSETS |
25,025 |
- |
|
Trade debtors |
12,827,823 |
10,983,709 |
|
Other debtors, deposits & prepayments |
77,445 |
240,383 |
|
Amount due from holding company |
15,388,243 |
9,647,000 |
|
Cash & bank balances |
2,971,472 |
6,144,125 |
|
Others |
131,054 |
199,609 |
|
---------------- |
---------------- |
|
|
TOTAL CURRENT ASSETS |
31,396,037 |
27,214,826 |
|
---------------- |
---------------- |
|
|
TOTAL ASSET |
31,421,062 |
27,214,826 |
|
============= |
============= |
|
|
CURRENT LIABILITIES |
||
|
Trade creditors |
9,978,549 |
2,058,354 |
|
Other creditors & accruals |
3,828 |
104,138 |
|
Provision for taxation |
5,556 |
134,643 |
|
Other liabilities |
3,457,392 |
3,725,866 |
|
---------------- |
---------------- |
|
|
TOTAL CURRENT LIABILITIES |
13,445,325 |
6,023,001 |
|
---------------- |
---------------- |
|
|
NET CURRENT ASSETS/(LIABILITIES) |
17,950,712 |
21,191,825 |
|
---------------- |
---------------- |
|
|
TOTAL NET ASSETS |
17,975,737 |
21,191,825 |
|
============= |
============= |
|
|
SHARE CAPITAL |
||
|
Ordinary share capital |
2,120,792 |
2,120,792 |
|
---------------- |
---------------- |
|
|
TOTAL SHARE CAPITAL |
2,120,792 |
2,120,792 |
|
Retained profit/(loss) carried forward |
15,854,945 |
19,071,033 |
|
---------------- |
---------------- |
|
|
TOTAL RESERVES |
15,854,945 |
19,071,033 |
|
---------------- |
---------------- |
|
|
SHAREHOLDERS' FUNDS/EQUITY |
17,975,737 |
21,191,825 |
|
---------------- |
---------------- |
|
|
17,975,737 |
21,191,825 |
|
|
============= |
============= |
|
|
ACALPO PTE LTD |
|
TYPES OF FUNDS |
||
|
Cash |
2,971,472 |
6,144,125 |
|
Net Liquid Funds |
2,971,472 |
6,144,125 |
|
Net Liquid Assets |
17,950,712 |
21,191,825 |
|
Net Current Assets/(Liabilities) |
17,950,712 |
21,191,825 |
|
Net Tangible Assets |
17,975,737 |
21,191,825 |
|
Net Monetary Assets |
17,950,712 |
21,191,825 |
|
BALANCE SHEET ITEMS |
||
|
Total Borrowings |
0 |
0 |
|
Total Liabilities |
13,445,325 |
6,023,001 |
|
Total Assets |
31,421,062 |
27,214,826 |
|
Net Assets |
17,975,737 |
21,191,825 |
|
Net Assets Backing |
17,975,737 |
21,191,825 |
|
Shareholders' Funds |
17,975,737 |
21,191,825 |
|
Total Share Capital |
2,120,792 |
2,120,792 |
|
Total Reserves |
15,854,945 |
19,071,033 |
|
LIQUIDITY (Times) |
||
|
Cash Ratio |
0.22 |
1.02 |
|
Liquid Ratio |
2.34 |
4.52 |
|
Current Ratio |
2.34 |
4.52 |
|
WORKING CAPITAL CONTROL (Days) |
||
|
Stock Ratio |
0 |
0 |
|
Debtors Ratio |
57 |
42 |
|
Creditors Ratio |
44 |
8 |
|
SOLVENCY RATIOS (Times) |
||
|
Gearing Ratio |
0.00 |
0.00 |
|
Liabilities Ratio |
0.75 |
0.28 |
|
Times Interest Earned Ratio |
1.36 |
1.89 |
|
Assets Backing Ratio |
8.48 |
9.99 |
|
PERFORMANCE RATIO (%) |
||
|
Operating Profit Margin |
0.27 |
0.61 |
|
Net Profit Margin |
0.27 |
0.54 |
|
Return On Net Assets |
4.73 |
5.84 |
|
Return On Capital Employed |
4.73 |
5.84 |
|
Return On Shareholders' Funds/Equity |
1.25 |
2.46 |
|
Dividend Pay Out Ratio (Times) |
15.36 |
8.25 |
|
NOTES TO ACCOUNTS |
||
|
Contingent Liabilities |
0 |
0 |
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.61.23 |
|
|
1 |
Rs.98.53 |
|
Euro |
1 |
Rs.77.75 |
INFORMATION DETAILS
|
Analysis Done by
: |
KAR |
|
|
|
|
Report Prepared
by : |
NIT |
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.