|
Report No. : |
315497 |
|
Report Date : |
02.04.2015 |
IDENTIFICATION DETAILS
|
Name : |
KCT GLOBAL PTE. LTD. |
|
|
|
|
Registered Office : |
80, Robinson Road, 02-00, 068898, |
|
|
|
|
Country : |
Singapore |
|
|
|
|
Financials (as on) : |
31.03.2014 |
|
|
|
|
Date of Incorporation : |
10.08.2011 |
|
|
|
|
Com. Reg. No.: |
201118980-H |
|
|
|
|
Legal Form : |
Private Limited |
|
|
|
|
Line of Business : |
Subject is principally engaged in the investment holding |
|
|
|
|
No. of Employees : |
Not Available |
RATING & COMMENTS
|
MIRA’s Rating : |
B |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
|
Status : |
Moderate |
|
|
|
|
Payment Behaviour : |
Slow but correct |
|
|
|
|
Litigation : |
Clear |
NOTES:
Any query related to this report can be made
on e-mail : infodept@mirainform.com
while quoting report number, name and date.
ECGC Country Risk Classification List – December 31, 2014
|
Country Name |
Previous Rating (30.09.2014) |
Current Rating (31.12.2014) |
|
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. |
: |
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 15,716,104 [2014] |
||||
|
NET WORTH |
: |
USD 3,128,530 [2014] |
||||
|
STAFF STRENGTH |
: |
N/A |
||||
|
||||||
|
LITIGATION |
: |
CLEAR |
||||
|
FINANCIAL CONDITION |
: |
FAIR |
||||
|
PAYMENT |
: |
SLOW BUT CORRECT |
||||
|
MANAGEMENT CAPABILITY |
: |
AVERAGE |
||||
|
COMMERCIAL RISK |
: |
N/A |
||||
|
CURRENCY EXPOSURE |
: |
N/A |
||||
|
GENERAL REPUTATION |
: |
SATISFACTORY |
||||
|
INDUSTRY OUTLOOK |
: |
MARGINAL GROWTH |
||||
HISTORY
/ BACKGROUND
|
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 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 |
|
17/12/2014 |
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. |
T11UF3190J |
2,800,001.00 |
100.00 |
|
--------------- |
------ |
|||
|
2,800,001.00 |
100.00 |
|||
|
============ |
===== |
DIRECTORS
|
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 |
: |
MANOJ KUMAR JAIN |
|
Address |
: |
20/1, CHELTA ROAD, 13B, DIAMOND HEIGHTS, KOLKATA, WEST BENGAL, 13TH FLOOR, 700027, INDIA. |
|
IC / PP No |
: |
G1100330 |
|
Nationality |
: |
INDIAN |
|
Date of Appointment |
: |
06/12/2013 |
DIRECTOR 3
|
Name Of Subject |
: |
EDDIE TEOH SIAH HAI |
|
Address |
: |
2, MARSHALL ROAD, 424838, SINGAPORE. |
|
IC / PP No |
: |
S0616955D |
|
Date of Appointment |
: |
01/07/2012 |
|
1) |
Name of Subject |
: |
VIRENDRA KUMAR ARORA |
|
Position |
: |
DIRECTOR |
|
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 |
: |
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 |
ENCUMBRANCE
(S)
|
|
Charge No |
Creation Date |
Charge Description |
Chargee Name |
Total Charge |
Status |
|
C201206617 |
19/06/2012 |
N/A |
DEUTSCHE BANK AKTIENGESELLSCHAFT |
- |
Unsatisfied |
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.
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 |
[ |
] |
Poor >120 Days |
[ |
X |
] |
||||||||
CLIENTELE
|
|
Local |
: |
N/A |
|
Overseas |
: |
N/A |
The staff from the registered office refused to disclose the Subject's clientele.
OPERATIONS
|
|
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.
CURRENT
INVESTIGATION
|
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 |
: |
80, ROBINSON ROAD, 02-00,068898 SINGAPORE |
|
Current Address |
: |
80, ROBINSON ROAD, 02-00, 068898, SINGAPORE. |
|
Match |
: |
YES |
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.
FINANCIAL
ANALYSIS
|
|
Profitability |
||||||
|
Turnover |
: |
Increased |
[ |
12,594.55% |
] |
|
|
Profit/(Loss) Before Tax |
: |
Increased |
[ |
266.88% |
] |
|
|
Return on Shareholder Funds |
: |
Acceptable |
[ |
11.00% |
] |
|
|
Return on Net Assets |
: |
Acceptable |
[ |
11.23% |
] |
|
|
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. The Subject's management had generated acceptable return for its shareholders using its assets. |
||||||
|
Working Capital Control |
||||||
|
Stock Ratio |
: |
Nil |
[ |
0 Days |
] |
|
|
Debtor Ratio |
: |
Unfavourable |
[ |
365 Days |
] |
|
|
Creditors Ratio |
: |
Unfavourable |
[ |
164 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 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 |
[ |
1.19 Times |
] |
|
|
Current Ratio |
: |
Unfavourable |
[ |
1.19 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 |
: |
Acceptable |
[ |
9.04 Times |
] |
|
|
Gearing Ratio |
: |
Favourable |
[ |
0.00 Times |
] |
|
|
The Subject's interest cover was slightly low. If there is no sharp fall in its profit or sudden increase in the interest rates, we believe the Subject is able to generate sufficient income to service its interest and repay the loans. 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. The Subject had an acceptable interest cover. If there is no sudden sharp increase in interest rate or fall in the Subject's profit, we do believe the Subject is able to generate sufficient cash flow to service its interest payment. 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 : 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) |
INDUSTRY
ANALYSIS
|
|
INDUSTRY : |
ECONOMY |
|
The Ministry of Trade and Industry (MTI) announced that it expects the Singapore economy to grow by around 3.0% in 2014, and by 2.0 to 4.0% in 2015. Besides that in 2013, the economy grew by 4.1%, higher than the 1.9% growth in 2012. This was mainly due to strong growth in the services producing industries, particularly the finance & insurance, as well as wholesale & retail trade sectors. |
|
|
In 2013, all sectors contributed positively to growth. Finance & insurance was the largest contributor (1.2 percentage-points), followed by wholesale & retail trade (0.8 percentage-points) and business services (0.6 percentage-points). Growth in the manufacturing sector was improved by 1.7%, on the back of strong growth in the electronics and transport engineering clusters. By contrast, growth in the construction sector moderated to 5.9%, from 8.6% in 2012. |
|
|
Growth in the services producing industries picked up to 5.3% in 2013, from 2.0% in 2012. This was mainly due to stronger growth in the finance & insurance and wholesale & retail trade sectors. The finance & insurance sector grew by 11%, up from 1.3% in the previous year. The wholesale & retail trade sector has expanded by 5.0%, after declining by 1.4% the year before. |
|
|
For the whole of 2013, growth in total demand was 3.1%, similar to the pace of growth in 2012. External demand was the key contributor to total demand growth, accounting for 2.7 percentage-points, or almost 90%, of the increase. External demand grew at a faster pace of 3.6%, compared to the 1.4% growth in 2012. This was supported mainly by growth in the exports of machinery & transport equipment, miscellaneous manufactures, and transport services. Total domestic demand rose by a modest 1.7%, following the 8.6% increase in 2012. The slower growth in total domestic demand was primarily due to the decline in gross fixed capital formation (GFCF). |
|
|
For the full year, total consumption expenditure grew by 4.4% in 2013, faster than the 2.8% growth in 2012. Public consumption expenditure increased by 11%, a strong rebound from the 1.9% decline in 2012. Private consumption expenditure recorded gains of 2.7%, moderating from the 4.1% increase in the preceding year. |
|
|
Furthermore, in the first three quarters of 2014, the Singapore economy grew by 3.3% on a year-on-year basis. For the rest of the year, growth is expected to ease slightly on a year-on-year basis, in line with a projected slowdown in the global economy. Externally-oriented sectors such as the manufacturing and transportation & storage sectors are likely to slow, whereas growth in the construction sector will continue to be weighed down by the weakness in private sector construction activities. On the other hand, domestically-oriented sectors like business services are likely to remain resilient. |
|
|
Additionally, the labour market in Singapore is expected to remain tight in 2015, with low unemployment and rising vacancy rates. Against this global and domestic backdrop, the growth outlook for the Singapore economy remains modest. In tandem with the expected pick-up in external demand, externally-oriented sectors such as manufacturing, wholesale trade and finance & insurance are likely to provide support to growth. While some domestically-oriented sectors such as businesses services are expected to remain resilient, labour-intensive ones like construction, retail and food services may see their growth weighed down by labour constraints. |
|
|
OVERALL INDUSTRY OUTLOOK : MARGINAL GROWTH |
|
CREDIT
RISK EVALUATION & RECOMMENDATION
|
|
|
|
|
PROFIT
AND LOSS ACCOUNT
|
|
THE FINANCIAL STATEMENTS WERE PREPARED IN ACCORDANCE
WITH SINGAPORE FINANCIAL REPORTING STANDARDS. |
|
KCT GLOBAL PTE. LTD. |
|
Financial Year End |
2014-03-31 |
2013-03-31 |
2012-03-31 |
|
Months |
12 |
12 |
8 |
|
Consolidated Account |
Company |
Company |
Company |
|
Audited Account |
YES |
YES |
YES |
|
Unqualified Auditor's Report (Clean Opinion) |
YES |
YES |
YES |
|
Financial Type |
FULL |
FULL |
FULL |
|
Currency |
USD |
USD |
USD |
|
TURNOVER |
15,716,104 |
123,802 |
- |
|
Other Income |
124,099 |
202,111 |
- |
|
---------------- |
---------------- |
---------------- |
|
|
Total Turnover |
15,840,203 |
325,913 |
- |
|
Costs of Goods Sold |
(14,811,122) |
- |
- |
|
---------------- |
---------------- |
---------------- |
|
|
Gross Profit |
1,029,081 |
- |
- |
|
---------------- |
---------------- |
---------------- |
|
|
PROFIT/(LOSS) FROM OPERATIONS |
312,481 |
85,173 |
(23,594) |
|
---------------- |
---------------- |
---------------- |
|
|
PROFIT/(LOSS) BEFORE TAXATION |
312,481 |
85,173 |
(23,594) |
|
Taxation |
(40,404) |
(7,127) |
- |
|
---------------- |
---------------- |
---------------- |
|
|
PROFIT/(LOSS) AFTER TAXATION |
344,313 |
78,046 |
(23,594) |
|
Minority interests |
(24) |
(24) |
24 |
|
---------------- |
---------------- |
---------------- |
|
|
PROFIT/(LOSS) BEFORE EXTRAORDINARY ITEMS |
344,289 |
78,022 |
(23,570) |
|
---------------- |
---------------- |
---------------- |
|
|
PROFIT/(LOSS) ATTRIBUTABLE TO SHAREHOLDERS |
344,289 |
78,022 |
(23,570) |
|
RETAINED PROFIT/(LOSS) BROUGHT FORWARD |
|||
|
As previously reported |
54,452 |
(23,570) |
- |
|
---------------- |
---------------- |
---------------- |
|
|
As restated |
54,452 |
(23,570) |
- |
|
---------------- |
---------------- |
---------------- |
|
|
PROFIT AVAILABLE FOR APPROPRIATIONS |
398,741 |
54,452 |
(23,570) |
|
---------------- |
---------------- |
---------------- |
|
|
RETAINED PROFIT/(LOSS) CARRIED FORWARD |
398,741 |
54,452 |
(23,570) |
|
============= |
============= |
============= |
|
|
Bankers' acceptance |
13,058 |
5,473 |
- |
|
Lease interest |
25,811 |
1,114 |
- |
|
---------------- |
---------------- |
---------------- |
|
|
38,869 |
6,587 |
- |
|
|
============= |
============= |
|
KCT GLOBAL PTE. LTD. |
|
Trade debtors |
15,714,094 |
56,302 |
- |
|
Other debtors, deposits & prepayments |
823,392 |
518,912 |
- |
|
Interest receivable |
35,263 |
36,811 |
- |
|
Amount due from director |
- |
1,000 |
1,000 |
|
Cash & bank balances |
395,664 |
16,504 |
21,066 |
|
Others |
2,593,479 |
3,190,957 |
- |
|
---------------- |
---------------- |
---------------- |
|
|
TOTAL CURRENT ASSETS |
19,561,892 |
3,820,486 |
22,066 |
|
---------------- |
---------------- |
---------------- |
|
|
TOTAL ASSET |
19,561,892 |
3,820,486 |
22,066 |
|
============= |
============= |
============= |
|
|
CURRENT LIABILITIES |
|||
|
Trade creditors |
6,640,974 |
- |
- |
|
Other creditors & accruals |
33,418 |
18,479 |
4,671 |
|
Amounts owing to holding company |
99,066 |
7,137 |
39,988 |
|
Amounts owing to director |
- |
4,942 |
- |
|
Provision for taxation |
40,501 |
7,127 |
- |
|
Other liabilities |
9,619,403 |
927,348 |
- |
|
---------------- |
---------------- |
---------------- |
|
|
TOTAL CURRENT LIABILITIES |
16,433,362 |
965,033 |
44,659 |
|
---------------- |
---------------- |
---------------- |
|
|
NET CURRENT ASSETS/(LIABILITIES) |
3,128,530 |
2,855,453 |
(22,593) |
|
---------------- |
---------------- |
---------------- |
|
|
TOTAL NET ASSETS |
3,128,530 |
2,855,453 |
(22,593) |
|
============= |
============= |
============= |
|
|
SHARE CAPITAL |
|||
|
Ordinary share capital |
2,800,001 |
2,800,001 |
1 |
|
---------------- |
---------------- |
---------------- |
|
|
TOTAL SHARE CAPITAL |
2,800,001 |
2,800,001 |
1 |
|
Retained profit/(loss) carried forward |
326,553 |
54,452 |
(23,570) |
|
---------------- |
---------------- |
---------------- |
|
|
TOTAL RESERVES |
326,553 |
54,452 |
(23,570) |
|
MINORITY INTEREST |
1,976 |
1,000 |
976 |
|
---------------- |
---------------- |
---------------- |
|
|
SHAREHOLDERS' FUNDS/EQUITY |
3,128,530 |
2,855,453 |
(22,593) |
|
---------------- |
---------------- |
---------------- |
|
|
3,128,530 |
2,855,453 |
(22,593) |
|
|
============= |
============= |
============= |
|
KCT GLOBAL PTE. LTD. |
|
TYPES OF FUNDS |
|||
|
Cash |
395,664 |
16,504 |
21,066 |
|
Net Liquid Funds |
395,664 |
16,504 |
21,066 |
|
Net Liquid Assets |
3,128,530 |
2,855,453 |
(22,593) |
|
Net Current Assets/(Liabilities) |
3,128,530 |
2,855,453 |
(22,593) |
|
Net Tangible Assets |
3,128,530 |
2,855,453 |
(22,593) |
|
Net Monetary Assets |
3,128,530 |
2,855,453 |
(22,593) |
|
BALANCE SHEET ITEMS |
|||
|
Total Borrowings |
0 |
0 |
0 |
|
Total Liabilities |
16,433,362 |
965,033 |
44,659 |
|
Total Assets |
19,561,892 |
3,820,486 |
22,066 |
|
Net Assets |
3,128,530 |
2,855,453 |
(22,593) |
|
Net Assets Backing |
3,128,530 |
2,855,453 |
(22,593) |
|
Shareholders' Funds |
3,128,530 |
2,855,453 |
(22,593) |
|
Total Share Capital |
2,800,001 |
2,800,001 |
1 |
|
Total Reserves |
326,553 |
54,452 |
(23,570) |
|
LIQUIDITY (Times) |
|||
|
Cash Ratio |
0.02 |
0.02 |
0.47 |
|
Liquid Ratio |
1.19 |
3.96 |
0.49 |
|
Current Ratio |
1.19 |
3.96 |
0.49 |
|
WORKING CAPITAL CONTROL (Days) |
|||
|
Stock Ratio |
0 |
0 |
0 |
|
Debtors Ratio |
365 |
166 |
0 |
|
Creditors Ratio |
164 |
0 |
0 |
|
SOLVENCY RATIOS (Times) |
|||
|
Gearing Ratio |
0.00 |
0.00 |
0.00 |
|
Liabilities Ratio |
5.25 |
0.34 |
(1.98) |
|
Times Interest Earned Ratio |
9.04 |
13.93 |
0.00 |
|
Assets Backing Ratio |
1.12 |
1.02 |
(22,593.00) |
|
PERFORMANCE RATIO (%) |
|||
|
Operating Profit Margin |
1.99 |
68.80 |
0.00 |
|
Net Profit Margin |
2.19 |
63.02 |
0.00 |
|
Return On Net Assets |
11.23 |
3.21 |
104.43 |
|
Return On Capital Employed |
11.22 |
3.21 |
109.15 |
|
Return On Shareholders' Funds/Equity |
11.00 |
2.73 |
104.32 |
|
Dividend Pay Out Ratio (Times) |
0.00 |
0.00 |
0.00 |
|
NOTES TO ACCOUNTS |
|||
|
Contingent Liabilities |
0 |
0 |
0 |
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.62.59 |
|
|
1 |
Rs.92.46 |
|
Euro |
1 |
Rs.67.51 |
INFORMATION DETAILS
|
Analysis Done by
: |
DIV |
|
|
|
|
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.