|
Report No. : |
334864 |
|
Report Date : |
05.08.2015 |
IDENTIFICATION DETAILS
|
Name : |
PCRD SERVICES PTE
LTD |
|
|
|
|
Formerly Known As : |
JELKA INVESTMENTS PTE LTD |
|
|
|
|
Registered Office : |
50, Raffles Place, 35-01, Singapore Land Tower, 048623 |
|
|
|
|
Country : |
Singapore |
|
|
|
|
Financials (as on) : |
31.12.2013 |
|
|
|
|
Date of Incorporation : |
10.07.1999 |
|
|
|
|
Com. Reg. No.: |
199903972-G |
|
|
|
|
Legal Form : |
Private Limited |
|
|
|
|
Line of Business : |
Business and Management Consultancy Services. |
|
|
|
|
No. of Employees : |
10 [2015] |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Status : |
Satisfactory |
|
Payment Behaviour : |
Slow but correct |
|
Litigation : |
Exist |
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, 2015
|
Country Name |
Previous Rating (31.12.2014) |
Current Rating (31.03.2015) |
|
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.
Unemployment is very low. The economy depends heavily on exports, particularly
of consumer electronics, information technology products, medical and optical
devices, pharmaceuticals, and on its vibrant transportation, business, and
financial services sectors. The economy contracted 0.6% in 2009 as a result of
the global financial crisis, but has continued to grow since 2010 on the
strength of renewed exports. Growth in 2014 was slower at 2.9%, largely a
result of soft demand for exports amid a sluggish global economy and weak
growth in Singapore’s manufacturing sector. The government is attempting to
restructure Singapore’s economy by weaning its dependence on foreign labor,
addressing weak productivity, and increasing Singaporean wages. Singapore has
attracted major investments in pharmaceuticals and medical technology
production and will continue efforts to strengthen its position as Southeast
Asia's leading financial and high-tech hub. Singapore is a member of the
12-nation Trans-Pacific Partnership free trade negotiations, the Regional
Comprehensive Economic Partnership negotiations with the nine other ASEAN
members plus Australia, China, India, Japan, South Korea and New Zealand, and
in 2015, Singapore will form, with the other ASEAN members, the ASEAN Economic
Community.
|
Source
: CIA |
|
REGISTRATION
NO. |
: |
199903972-G |
|
COMPANY
NAME |
: |
PCRD
SERVICES PTE LTD |
|
FORMER
NAME |
: |
JELKA
INVESTMENTS PTE LTD (22/07/2000) |
|
INCORPORATION
DATE |
: |
10/07/1999 |
|
COMPANY
STATUS |
: |
EXIST |
|
LEGAL
FORM |
: |
PRIVATE
LIMITED |
|
LISTED
STATUS |
: |
NO |
|
REGISTERED
ADDRESS |
: |
50,
RAFFLES PLACE, 35-01, SINGAPORE LAND TOWER, 048623, SINGAPORE. |
|
BUSINESS
ADDRESS |
: |
50,
RAFFLES PLACE, 35-01, SINGAPORE LAND TOWER, 048623, SINGAPORE. |
|
TEL.NO. |
: |
65-64382366 |
|
FAX.NO. |
: |
65-62308777 |
|
CONTACT
PERSON |
: |
LIM
BENG JIN ( DIRECTOR ) |
|
PRINCIPAL
ACTIVITY |
: |
BUSINESS
AND MANAGEMENT CONSULTANCY SERVICES |
|
ISSUED
AND PAID UP CAPITAL |
: |
20,111,000.00
ORDINARY SHARE, OF A VALUE OF SGD 20,111,000.00 |
|
SALES |
: |
SGD
2,773,562 [2013] |
|
NET
WORTH |
: |
SGD
28,557,590 [2013] |
|
STAFF
STRENGTH |
: |
10
[2015] |
|
LITIGATION |
: |
TRACED |
|
FINANCIAL
CONDITION |
: |
STRONG |
|
PAYMENT |
: |
AVERAGE |
|
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) business and management
consultancy services.
Share
Capital History
|
Date |
Issue
& Paid Up Capital |
|
03/08/2015 |
SGD
20,111,000.00 |
The
major shareholder(s) of the Subject are shown as follows :
Current Shareholder(s) :
|
Name |
Address |
IC/PP/Loc
No |
Shareholding |
(%) |
|
PACIFIC
CENTURY REGIONAL DEVELOPMENTS LIMITED |
50,
RAFFLES PLACE, 35-01, SINGAPORE LAND TOWER, 048623, SINGAPORE. |
196300381N |
20,111,000.00 |
100.00 |
|
--------------- |
------ |
|||
|
20,111,000.00 |
100.00 |
|||
|
============ |
===== |
+
Also Director
DIRECTORS
|
DIRECTOR
1
|
Name
Of Subject |
: |
LIM
BENG JIN |
|
Address |
: |
83,
YISHUN STREET 81, 10-02, ORCHID PARK CONDOMINIUM, 768446, SINGAPORE. |
|
IC
/ PP No |
: |
S2646628H |
|
Nationality |
: |
SINGAPOREAN |
|
Date
of Appointment |
: |
22/09/1999 |
DIRECTOR
2
|
Name
Of Subject |
: |
ALLEN
PETER ANTHONY |
|
Address |
: |
40,
NASSIM HILL, 05-42, NASSIM MANSION, 258474, SINGAPORE. |
|
IC
/ PP No |
: |
S2677300H |
|
Nationality |
: |
SINGAPOREAN |
|
Date
of Appointment |
: |
22/09/1999 |
|
1)
|
Name
of Subject |
: |
LIM
BENG JIN |
|
Position |
: |
DIRECTOR |
AUDITOR
|
|
Auditor |
: |
PRICEWATERHOUSECOOPERS
LLP |
|
Auditor'
Address |
: |
N/A |
COMPANY
SECRETARIES
|
|
1)
|
Company
Secretary |
: |
LIM
BENG JIN |
|
IC
/ PP No |
: |
S2646628H |
|
|
Address |
: |
83,
YISHUN STREET 81, 10-02, ORCHID PARK CONDOMINIUM, 768446, 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 against the Subject whether the
subject has been involved in any litigation.
|
LEGAL
ACTION |
|
|||||||||
|
||||||||||
|
Code
No |
: |
99 |
Case
No |
: |
112 |
|||||
|
Year |
: |
2013 |
Place |
: |
SINGAPORE |
|||||
|
Court |
: |
MAGISTRATE
COURT |
||||||||
|
Date
Filed |
: |
03/01/2013 |
||||||||
|
Solicitor
Ref |
: |
LC/12/3308/FTH(PI) |
||||||||
|
Solicitor
Firm |
: |
MATHEW
CHEW & CHELLIAH |
||||||||
|
Plaintiff |
: |
FONG
TUCK HOY |
||||||||
|
Defendants |
: |
|
||||||||
|
Amount
Claimed |
: |
30000 |
||||||||
|
Nature
of Claim |
: |
SGD |
||||||||
|
|
||||||||||
|
Code
No |
: |
99 |
Case
No |
: |
950 |
|||||
|
Year |
: |
2015 |
Place |
: |
SINGAPORE |
|||||
|
Court |
: |
MAGISTRATE
COURT |
||||||||
|
Date
Filed |
: |
16/01/2015 |
||||||||
|
Solicitor |
: |
CHELLIAH
LALITA |
||||||||
|
Solicitor
Ref |
: |
LC/12/3308/FTH(PI) |
||||||||
|
Solicitor
Firm |
: |
MATHEW
CHEW & CHELLIAH |
||||||||
|
Plaintiff |
: |
FONG
TUCK HOY |
||||||||
|
Defendants |
: |
|
||||||||
|
No
winding up petition was found in our databank |
|
SOURCES
OF RAW MATERIALS: |
||
|
Local |
: |
N/A |
|
Overseas |
: |
N/A |
The Subject is a service provider.
The Subject refused to provide any name of trade/service supplier and we are
unable to conduct any trade enquiry. However, from financial historical data we
conclude that :
|
OVERALL
PAYMENT HABIT |
||||||||||||||
|
Prompt
0-30 Days |
[ |
] |
Good
31-60 Days |
[ |
] |
Average
61-90 Days |
[ |
X |
] |
|||||
|
Fair
91-120 Days |
[ |
] |
Poor
>120 Days |
[ |
] |
|||||||||
CLIENTELE
|
|
Local |
: |
N/A |
|
Overseas |
: |
N/A |
The Subject refused to disclose its clientele.
OPERATIONS
|
|
Services |
: |
BUSINESS
AND MANAGEMENT CONSULTANCY SERVICES |
|
|
Total
Number of Employees: |
|||||||||
|
YEAR |
2015 |
||||||||
|
|
|||||||||
|
GROUP |
N/A |
||||||||
|
COMPANY |
10 |
||||||||
|
Branch |
: |
NO |
Other
Information:
The Subject is principally engaged in the (as a / as an) business and
management consultancy services.
The Subject refused to disclose its operation.
CURRENT
INVESTIGATION
|
Latest
fresh investigations carried out on the Subject indicated that :
|
Telephone
Number Provided By Client |
: |
N/A |
|
Current
Telephone Number |
: |
65-64382366 |
|
Match |
: |
N/A |
|
Address
Provided by Client |
: |
50
RAFFLES PLACE, #35-01 SINGAPORE LAND TOWER SINGAPORE 048623 |
|
Current
Address |
: |
50,
RAFFLES PLACE, 35-01, SINGAPORE LAND TOWER, 048623, 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 bankers.
FINANCIAL
ANALYSIS
|
|
Profitability |
||||||
|
Turnover |
: |
Increased |
[ |
40.47% |
] |
|
|
Profit/(Loss)
Before Tax |
: |
Decreased |
[ |
(543.53%) |
] |
|
|
Return
on Shareholder Funds |
: |
Favourable |
[ |
34.86% |
] |
|
|
Return
on Net Assets |
: |
Favourable |
[ |
34.88% |
] |
|
|
The
increase in turnover could be due to the Subject adopting an aggressive
marketing strategy.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. Generally the
Subject was profitable. The favourable return on shareholders' funds and
return on net assets indicate that the Subject's management was efficient in
utilising the assets to generate returns. |
||||||
|
Working
Capital Control |
||||||
|
Stock
Ratio |
: |
Nil |
[ |
0
Days |
] |
|
|
Debtor
Ratio |
: |
Unfavourable |
[ |
366
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 |
[ |
7.11
Times |
] |
|
|
Current
Ratio |
: |
Favourable |
[ |
7.11
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 |
: |
Nil |
[ |
0.00
Times |
] |
|
|
Gearing
Ratio |
: |
Favourable |
[ |
0.00
Times |
] |
|
|
The
Subject's interest cover was nil as it did not pay any interest during the
year. 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
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. The Subject did not make any interest
payment during the year. The Subject was dependent on its shareholders' funds
to finance its business needs. The Subject was a zero gearing company, it was
solely dependant on its shareholders to provide funds to finance its
business. The Subject has good chance of getting loans, if the needs arises. |
||||||
|
Overall
financial condition of the Subject : STRONG |
||||||
|
Major
Economic Indicators : |
2010 |
2011 |
2012 |
2013 |
2014 |
|
|
|||||
|
Population
(Million) |
5.08 |
5.18 |
5.31 |
5.40 |
5.47 |
|
Gross
Domestic Products ( % ) |
14.5 |
4.9 |
1.3 |
3.7 |
(3.5) |
|
Consumer
Price Index |
2.8 |
5.2 |
4.6 |
2.4 |
2.4 |
|
Total
Imports (Million) |
423,221.8 |
459,655.1 |
474,554.0 |
466,762.0 |
463,779.1 |
|
Total
Exports (Million) |
478,840.7 |
514,741.2 |
510,329.0 |
513,391.0 |
518,922.7 |
|
|
|||||
|
Unemployment
Rate (%) |
2.2 |
2.1 |
2.0 |
1.9 |
1.9 |
|
Tourist
Arrival (Million) |
11.64 |
13.17 |
14.49 |
15.46 |
15.01 |
|
Hotel
Occupancy Rate (%) |
85.6 |
86.5 |
86.4 |
86.3 |
85.5 |
|
Cellular
Phone Subscriber (Million) |
1.43 |
1.50 |
1.52 |
1.97 |
1.98 |
|
|
|||||
|
Registration
of New Companies (No.) |
29,798 |
32,317 |
31,892 |
37,288 |
41,589 |
|
Registration
of New Companies (%) |
12.8 |
8.5 |
(1.3) |
9.8 |
11.5 |
|
Liquidation
of Companies (No.) |
15,126 |
19,005 |
17,218 |
17,369 |
18,767 |
|
Liquidation
of Companies (%) |
(32.5) |
25.6 |
9.4 |
(5.3) |
8.0 |
|
|
|||||
|
Registration
of New Businesses (No.) |
23,978 |
23,494 |
24,788 |
22,893 |
35,773 |
|
Registration
of New Businesses (%) |
(10.78) |
2.02 |
5.51 |
1.70 |
56.30 |
|
Liquidation
of Businesses (No.) |
24,211 |
23,005 |
22,489 |
22,598 |
22,098 |
|
Liquidation
of Businesses (%) |
2.8 |
(5) |
(2.2) |
0.5 |
(2.2) |
|
|
|||||
|
Bankruptcy
Orders (No.) |
1,537 |
1,527 |
1,748 |
1,992 |
1,757 |
|
Bankruptcy
Orders (%) |
(25.3) |
(0.7) |
14.5 |
14.0 |
(11.8) |
|
Bankruptcy
Discharges (No.) |
2,252 |
1,391 |
1,881 |
2,584 |
3,546 |
|
Bankruptcy
Discharges (%) |
(26.3) |
(38.2) |
35.2 |
37.4 |
37.2 |
|
|
|||||
|
INDUSTRIES
( % of Growth ) : |
|||||
|
Agriculture |
|||||
|
Production
of Principal Crops |
(0.48) |
4.25 |
3.64 |
- |
|
|
Fish
Supply & Wholesale |
(10.5) |
12.10 |
(0.5) |
- |
2.80 |
|
|
|||||
|
Manufacturing
* |
92.8 |
100.0 |
100.3 |
102.0 |
|
|
Food,
Beverages & Tobacco |
96.4 |
100.0 |
103.5 |
103.5 |
105.0 |
|
Textiles |
122.1 |
100.0 |
104.0 |
87.1 |
74.9 |
|
Wearing
Apparel |
123.3 |
100.0 |
92.1 |
77.8 |
49.5 |
|
Leather
Products & Footwear |
81.8 |
100.0 |
98.6 |
109.8 |
95.9 |
|
Wood
& Wood Products |
104.0 |
100.0 |
95.5 |
107.4 |
112.0 |
|
Paper
& Paper Products |
106.1 |
100.0 |
97.4 |
103.2 |
103.4 |
|
Printing
& Media |
103.5 |
100.0 |
93.0 |
86.1 |
80.3 |
|
Crude
Oil Refineries |
95.6 |
100.0 |
99.4 |
93.5 |
85.6 |
|
Chemical
& Chemical Products |
97.6 |
100.0 |
100.5 |
104.1 |
114.0 |
|
Pharmaceutical
Products |
75.3 |
100.0 |
109.7 |
107.2 |
115.7 |
|
Rubber
& Plastic Products |
112.3 |
100.0 |
96.5 |
92.9 |
92.8 |
|
Non-metallic
Mineral |
92.5 |
100.0 |
98.2 |
97.6 |
82.2 |
|
Basic
Metals |
102.2 |
100.0 |
90.6 |
76.5 |
98.3 |
|
Fabricated
Metal Products |
103.6 |
100.0 |
104.3 |
105.1 |
105.1 |
|
Machinery
& Equipment |
78.5 |
100.0 |
112.9 |
114.5 |
124.0 |
|
Electrical
Machinery |
124.1 |
100.0 |
99.3 |
108.5 |
121.3 |
|
Electronic
Components |
113.6 |
100.0 |
90.6 |
94.3 |
95.0 |
|
Transport
Equipment |
94.0 |
100.0 |
106.3 |
107.5 |
103.2 |
|
|
|||||
|
Construction |
14.20 |
20.50 |
28.70 |
- |
22.00 |
|
Real
Estate |
21.3 |
25.4 |
31.9 |
- |
145.1 |
|
|
|||||
|
Services |
|||||
|
Electricity,
Gas & Water |
4.00 |
7.00 |
6.30 |
- |
|
|
Transport,
Storage & Communication |
12.80 |
7.40 |
5.30 |
- |
14.20 |
|
Finance
& Insurance |
(0.4) |
8.90 |
0.50 |
- |
6.00 |
|
Government
Services |
9.70 |
6.90 |
6.00 |
- |
|
|
Education
Services |
(0.9) |
(1.4) |
0.30 |
- |
5.98 |
|
|
|||||
|
*
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. |
|
PCRD
SERVICES 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 |
2,773,562 |
1,974,531 |
|
---------------- |
---------------- |
|
|
Total
Turnover |
2,773,562 |
1,974,531 |
|
---------------- |
---------------- |
|
|
PROFIT/(LOSS)
FROM OPERATIONS |
9,961,558 |
(2,245,950) |
|
---------------- |
---------------- |
|
|
PROFIT/(LOSS)
BEFORE TAXATION |
9,961,558 |
(2,245,950) |
|
Taxation |
(5,291) |
(2,567) |
|
---------------- |
---------------- |
|
|
PROFIT/(LOSS)
AFTER TAXATION |
9,956,267 |
(2,248,517) |
|
---------------- |
---------------- |
|
|
RETAINED
PROFIT/(LOSS) BROUGHT FORWARD |
||
|
As
previously reported |
(1,509,677) |
738,840 |
|
---------------- |
---------------- |
|
|
As
restated |
(1,509,677) |
738,840 |
|
---------------- |
---------------- |
|
|
PROFIT
AVAILABLE FOR APPROPRIATIONS |
8,446,590 |
(1,509,677) |
|
---------------- |
---------------- |
|
|
RETAINED
PROFIT/(LOSS) CARRIED FORWARD |
8,446,590 |
(1,509,677) |
|
============= |
============= |
|
|
INTEREST
EXPENSE (as per notes to P&L) |
||
|
Lease
interest |
- |
1,254 |
|
---------------- |
---------------- |
|
|
- |
1,254 |
|
|
- |
============= |
|
|
DEPRECIATION
(as per notes to P&L) |
33,261 |
11,396 |
|
---------------- |
---------------- |
|
|
33,261 |
11,396 |
|
|
============= |
============= |
|
BALANCE
SHEET |
|
PCRD
SERVICES PTE LTD |
|
ASSETS
EMPLOYED: |
||
|
FIXED
ASSETS |
83,745 |
63,812 |
|
LONG
TERM INVESTMENTS/OTHER ASSETS |
||
|
Subsidiary
companies |
- |
7,400,938 |
|
Associated
companies |
23,927,648 |
6,200,208 |
|
Deposits |
83,052 |
82,122 |
|
Others |
70,000 |
- |
|
---------------- |
---------------- |
|
|
TOTAL
LONG TERM INVESTMENTS/OTHER ASSETS |
24,080,700 |
13,683,268 |
|
---------------- |
---------------- |
|
|
TOTAL
LONG TERM ASSETS |
24,164,445 |
13,747,080 |
|
Trade
debtors |
2,777,468 |
16,050 |
|
Other
debtors, deposits & prepayments |
83,513 |
125,397 |
|
Cash
& bank balances |
2,226,521 |
183,619 |
|
Others |
24,508 |
9,066 |
|
---------------- |
---------------- |
|
|
TOTAL
CURRENT ASSETS |
5,112,010 |
334,132 |
|
---------------- |
---------------- |
|
|
TOTAL
ASSET |
29,276,455 |
14,081,212 |
|
============= |
============= |
|
|
CURRENT
LIABILITIES |
||
|
Trade
creditors |
- |
126,288 |
|
Other
creditors & accruals |
711,274 |
2,968,930 |
|
Amounts
owing to holding company |
- |
12,476,816 |
|
Amounts
owing to subsidiary companies |
- |
1,288 |
|
Provision
for taxation |
7,591 |
7,567 |
|
---------------- |
---------------- |
|
|
TOTAL
CURRENT LIABILITIES |
718,865 |
15,580,889 |
|
---------------- |
---------------- |
|
|
NET
CURRENT ASSETS/(LIABILITIES) |
4,393,145 |
(15,246,757) |
|
---------------- |
---------------- |
|
|
TOTAL
NET ASSETS |
28,557,590 |
(1,499,677) |
|
============= |
============= |
|
|
SHARE
CAPITAL |
||
|
Ordinary
share capital |
20,111,000 |
10,000 |
|
---------------- |
---------------- |
|
|
TOTAL
SHARE CAPITAL |
20,111,000 |
10,000 |
|
Retained
profit/(loss) carried forward |
8,446,590 |
(1,509,677) |
|
---------------- |
---------------- |
|
|
TOTAL
RESERVES |
8,446,590 |
(1,509,677) |
|
---------------- |
---------------- |
|
|
SHAREHOLDERS'
FUNDS/EQUITY |
28,557,590 |
(1,499,677) |
|
---------------- |
---------------- |
|
|
28,557,590 |
(1,499,677) |
|
|
============= |
============= |
FINANCIAL
RATIO
|
|
PCRD
SERVICES PTE LTD |
|
TYPES
OF FUNDS |
||
|
Cash |
2,226,521 |
183,619 |
|
Net
Liquid Funds |
2,226,521 |
183,619 |
|
Net
Liquid Assets |
4,393,145 |
(15,246,757) |
|
Net
Current Assets/(Liabilities) |
4,393,145 |
(15,246,757) |
|
Net
Tangible Assets |
28,557,590 |
(1,499,677) |
|
Net
Monetary Assets |
4,393,145 |
(15,246,757) |
|
PROFIT
& LOSS ITEMS |
||
|
Earnings
Before Interest & Tax (EBIT) |
0 |
0 |
|
Earnings
Before Interest, Taxes, Depreciation And Amortization (EBITDA) |
9,994,819 |
(2,233,300) |
|
BALANCE
SHEET ITEMS |
||
|
Total
Borrowings |
0 |
0 |
|
Total
Liabilities |
718,865 |
15,580,889 |
|
Total
Assets |
29,276,455 |
14,081,212 |
|
Net
Assets |
28,557,590 |
(1,499,677) |
|
Net
Assets Backing |
28,557,590 |
(1,499,677) |
|
Shareholders'
Funds |
28,557,590 |
(1,499,677) |
|
Total
Share Capital |
20,111,000 |
10,000 |
|
Total
Reserves |
8,446,590 |
(1,509,677) |
|
LIQUIDITY
(Times) |
||
|
Cash
Ratio |
3.10 |
0.01 |
|
Liquid
Ratio |
7.11 |
0.02 |
|
Current
Ratio |
7.11 |
0.02 |
|
WORKING
CAPITAL CONTROL (Days) |
||
|
Stock
Ratio |
0 |
0 |
|
Debtors
Ratio |
366 |
3 |
|
Creditors
Ratio |
0 |
23 |
|
SOLVENCY
RATIOS (Times) |
||
|
Gearing
Ratio |
0 |
0 |
|
Liabilities
Ratio |
0.03 |
(10.39) |
|
Times
Interest Earned Ratio |
0 |
(1,790.03) |
|
Assets
Backing Ratio |
1.42 |
(149.97) |
|
PERFORMANCE
RATIO (%) |
||
|
Operating
Profit Margin |
359.16 |
(113.75) |
|
Net
Profit Margin |
358.97 |
(113.88) |
|
Return
On Net Assets |
34.88 |
149.68 |
|
Return
On Capital Employed |
34.88 |
149.68 |
|
Return
On Shareholders' Funds/Equity |
34.86 |
149.93 |
|
Dividend
Pay Out Ratio (Times) |
0 |
0 |
|
NOTES
TO ACCOUNTS |
||
|
Contingent
Liabilities |
0 |
0 |
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.63.93 |
|
|
1 |
Rs.99.82 |
|
Euro |
1 |
Rs.70.05 |
INFORMATION DETAILS
|
Analysis Done by
: |
KIN |
|
|
|
|
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.