|
Report No. : |
335561 |
|
Report Date : |
10.08.2015 |
IDENTIFICATION DETAILS
|
Name : |
UTTAM GALVA INTERNATIONAL PTE. LTD. |
|
|
|
|
Registered Office : |
138, Cecil Street, 05-04, Cecil Court, 069538 |
|
|
|
|
Country : |
Singapore
|
|
|
|
|
Financials (as on) : |
31.03.2014 |
|
|
|
|
Date of Incorporation : |
11.09.2012 |
|
|
|
|
Com. Reg. No.: |
201222397-N |
|
|
|
|
Legal Form : |
Private Limited |
|
|
|
|
Line of Business : |
Subject is engaged in the trading of steel. |
|
|
|
|
No. of Employees : |
3 [2015] |
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 – 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 |
EXECUTIVE
SUMMARY
|
|
REGISTRATION NO. |
: |
201222397-N |
||||
|
COMPANY NAME |
: |
UTTAM GALVA INTERNATIONAL PTE. LTD. |
||||
|
FORMER NAME |
: |
JWALA GALVA STEELS PTE. LTD. (30/04/2015) |
||||
|
INCORPORATION DATE |
: |
11/09/2012 |
||||
|
COMPANY STATUS |
: |
EXIST |
||||
|
LEGAL FORM |
: |
PRIVATE LIMITED |
||||
|
LISTED STATUS |
: |
NO |
||||
|
REGISTERED ADDRESS |
: |
138, CECIL STREET, 05-04, CECIL COURT, 069538, SINGAPORE. |
||||
|
BUSINESS ADDRESS |
: |
80, RAFFLES PLACE, 26-01, UOB PLAZA 1, 048624, SINGAPORE. |
||||
|
TEL.NO. |
: |
65-65325746 |
||||
|
FAX.NO. |
: |
65-65327680 |
||||
|
CONTACT PERSON |
: |
KRISHNAVENI D/O SANDANAM ( DIRECTOR ) |
||||
|
PRINCIPAL ACTIVITY |
: |
TRADING OF STEEL |
||||
|
ISSUED AND PAID UP CAPITAL |
: |
36,000,001.00 ORDINARY SHARE, OF A VALUE OF USD 36,000,001.00 |
||||
|
SALES |
: |
USD 269,590,977 [2014] |
||||
|
NET WORTH |
: |
USD 37,112,743 [2014] |
||||
|
STAFF STRENGTH |
: |
3 [2015] |
||||
|
||||||
|
LITIGATION |
: |
CLEAR |
||||
|
FINANCIAL CONDITION |
: |
LIMITED |
||||
|
PAYMENT |
: |
POOR |
||||
|
MANAGEMENT CAPABILITY |
: |
AVERAGE |
||||
|
COMMERCIAL RISK |
: |
N/A |
||||
|
CURRENCY EXPOSURE |
: |
N/A |
||||
|
GENERAL REPUTATION |
: |
SATISFACTORY |
||||
|
INDUSTRY OUTLOOK |
: |
AVERAGE 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) trading of
steel.
Share Capital History
|
Date |
Issue & Paid Up Capital |
|
07/08/2015 |
USD 36,000,001.00 |
The major shareholder(s) of the Subject are shown as follows :
Current Shareholder(s) :
|
Name |
Address |
IC/PP/Loc No |
Shareholding |
(%) |
|
UTTAM GALVA METALLICS LIMITED |
502, GLOBAL FOYER BUILDING SECTOR, 43, GOLF COURSE ROAD, GURGAON,
HARYANA, 122002, INDIA. |
T12UF3362 |
36,000,001.00 |
100.00 |
|
--------------- |
------ |
|||
|
36,000,001.00 |
100.00 |
|||
|
============ |
===== |
+ Also Director
DIRECTORS
|
DIRECTOR 1
|
Name Of Subject |
: |
RAJINDER UTTAMCHAND MIGLANI |
|
Address |
: |
21-B, EMBASSY APARTMENT, 46, NEPEANSEA ROAD, MUMBAI, 400036, INDIA. |
|
IC / PP No |
: |
G2451882 |
|
Nationality |
: |
INDIAN |
|
Date of Appointment |
: |
11/09/2012 |
DIRECTOR 2
|
Name Of Subject |
: |
BRIJ BHUSHAN HANDA |
|
Address |
: |
14, KITCHENER LINK, 02-32, CITY SQUARE RESIDENCES, 207223, SINGAPORE. |
|
IC / PP No |
: |
G3120696R |
|
Nationality |
: |
INDIAN |
|
Date of Appointment |
: |
04/12/2014 |
DIRECTOR 3
|
Name Of Subject |
: |
HUANG CHUNNUAN |
|
Address |
: |
617, YISHUN RING ROAD, 02-3252, 760617, SINGAPORE. |
|
IC / PP No |
: |
S6985615B |
|
Nationality |
: |
SINGAPOREAN |
|
Date of Appointment |
: |
30/06/2015 |
MANAGEMENT
|
|
1) |
Name of Subject |
: |
KRISHNAVENI D/O SANDANAM |
|
Position |
: |
DIRECTOR |
|
AUDITOR
|
|
Auditor |
: |
CHEE FM & ASSOCIATES |
|
Auditor' Address |
: |
N/A |
COMPANY
SECRETARIES
|
|
1) |
Company Secretary |
: |
TUNG KIN CHEONG |
|
IC / PP No |
: |
S7222712C |
|
|
Address |
: |
174D, EDGEDALE PLAINS, 14-189, 824174, SINGAPORE. |
|
BANKING
|
Banking relations are maintained principally with :
|
1) |
Name |
: |
BNP PARIBAS |
ENCUMBRANCE
(S)
|
|
Charge No |
Creation Date |
Charge Description |
Chargee Name |
Total Charge |
Status |
|
C201505984 |
25/05/2015 |
N/A |
MACQUARIE BANK LIMITED |
- |
|
|
C201507298 |
30/06/2015 |
N/A |
BNP PARIBAS |
- |
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
|
|
Goods Traded |
: |
STEEL |
|
|
Total Number of Employees: |
|||||||||
|
YEAR |
2015 |
||||||||
|
GROUP |
N/A |
||||||||
|
COMPANY |
3 |
||||||||
|
Branch |
: |
NO |
Other Information:
The Subject is principally engaged in the (as a / as an) trading of
steel.
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 |
: |
6565320378 |
|
Current Telephone Number |
: |
65-65325746 |
|
Match |
: |
YES |
|
Address Provided by Client |
: |
05-04 CECIL COURT 138 CECIL STREET SINGAPORE 069538 |
|
Current Address |
: |
80, RAFFLES PLACE, 26-01, UOB PLAZA 1, 048624, SINGAPORE. |
|
Match |
: |
NO |
Other Investigations
We contacted one of the staff from the registered office and she provided some
information.
The address provided belongs to the Subject's former registered address.
FINANCIAL
ANALYSIS
|
|
Profitability |
||||||
|
Turnover |
: |
Increased |
[ |
1,296.15% |
] |
|
|
Profit/(Loss) Before Tax |
: |
Increased |
[ |
1,355.75% |
] |
|
|
Return on Shareholder Funds |
: |
Unfavourable |
[ |
2.80% |
] |
|
|
Return on Net Assets |
: |
Unfavourable |
[ |
3.23% |
] |
|
|
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 unfavourable return on shareholders' funds could
indicate that the Subject was inefficient in utilising its assets to generate
returns. |
||||||
|
Working Capital Control |
||||||
|
Stock Ratio |
: |
Nil |
[ |
0 Days |
] |
|
|
Debtor Ratio |
: |
Unfavourable |
[ |
183 Days |
] |
|
|
Creditors Ratio |
: |
Unfavourable |
[ |
227 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 |
[ |
1.21 Times |
] |
|
|
Current Ratio |
: |
Unfavourable |
[ |
1.21 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 : |
||||||
|
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 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 : LIMITED |
||||||
|
|
||||||
SINGAPORE
ECONOMIC / INDUSTRY OUTLOOK
|
|
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 : |
TRADING |
|
The wholesale and retail trade sectors have expanded by 2.0% in the
third quarter of 2014, extending the 1.8 per cent growth in the previous
quarter. In 2013, the wholesale and retail sector expanded by 5.0%, after declining
by 1.4% the year before. Growth of the sector was driven by the wholesale
trade segment. |
|
|
The domestic wholesale trade index has increased by 3.2% in the fourth
quarter of 2013, moderating from the 6.6% growth in the previous quarter. The
slower growth was due to a decline in the sales of furniture and household
equipment (-12%) and petroleum and petroleum products (-0.6%). For the full
year, the domestic wholesale trade index grew by 5.2% reversing the 2.2%
decline in 2012. On the other hand, the foreign wholesale trade index has
increased by a slower pace of 5.6% in the fourth quarter, compared to the
7.7% expansion in the preceding quarter. The slowdown was due to a fall in
the sales of telecommunication equipment and computer (-3.8%) and petroleum
and petroleum products (-2.5%). For the full year, the growth of the foreign
wholesale trade index moderated slightly to 8.6% from 9.1% in the previous
year. |
|
|
In the fourth quarter of 2013, retail sales volume fell by 6.2%, extending
the 5.6% decline in the previous quarter. Excluding motor vehicles, retail
sales volume increased by 0.4%, a slower pace of expansion as compared to the
1.6% gain in the preceding quarter. The sales volume of motor vehicles fell
by 33% in the fourth quarter of 2013, extending the 32% decline in the
previous quarter. Meanwhile, the sales of several discretionary items also
fell in the fourth quarter of 2013. For instance, the sales of
telecommunications apparatus and computers fell by 12%, while the sales of
furniture and household equipment declined by 5.4%. |
|
|
For the full year, retail sales volume contracted by 4.3%, a reversal
from the 1.3% expansion in 2012. Excluding motor vehicle sales, the retail
sales volume grew by 1.1% in 2013, slower than the 1.7% increase in 2012.
Watches and jewellery recorded the largest increase (11%) in sales in 2013,
followed by optical goods and book (3%) and medical goods and toiletries
(3%). By contrast, the sales of telecommunications apparatus and computer
(-7.3%), furniture and household equipment (-4.2%) and petrol service
stations (-1.4) declined in 2013. |
|
|
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. |
|
UTTAM GALVA INTERNATIONAL PTE. LTD. |
|
Financial Year End |
2014-03-31 |
2013-03-31 |
|
Months |
12 |
7 |
|
Consolidated Account |
Company |
Company |
|
Audited Account |
YES |
YES |
|
Unqualified Auditor's Report (Clean Opinion) |
YES |
YES |
|
Financial Type |
FULL |
FULL |
|
Currency |
USD |
USD |
|
TURNOVER |
269,590,977 |
19,309,544 |
|
Other Income |
590,333 |
- |
|
---------------- |
---------------- |
|
|
Total Turnover |
270,181,310 |
19,309,544 |
|
---------------- |
---------------- |
|
|
PROFIT/(LOSS) FROM OPERATIONS |
1,197,483 |
82,259 |
|
---------------- |
---------------- |
|
|
PROFIT/(LOSS) BEFORE TAXATION |
1,197,483 |
82,259 |
|
Taxation |
(160,000) |
(7,000) |
|
---------------- |
---------------- |
|
|
PROFIT/(LOSS) AFTER TAXATION |
1,037,483 |
75,259 |
|
---------------- |
---------------- |
|
|
RETAINED PROFIT/(LOSS) BROUGHT FORWARD |
||
|
As previously reported |
75,259 |
- |
|
---------------- |
---------------- |
|
|
As restated |
75,259 |
- |
|
---------------- |
---------------- |
|
|
PROFIT AVAILABLE FOR APPROPRIATIONS |
1,112,742 |
75,259 |
|
---------------- |
---------------- |
|
|
RETAINED PROFIT/(LOSS) CARRIED FORWARD |
1,112,742 |
75,259 |
|
============= |
============= |
|
|
INTEREST EXPENSE (as per notes to P&L) |
||
|
AMORTIZATION |
168,015,977 |
14,948 |
|
---------------- |
---------------- |
|
|
168,015,977 |
14,948 |
|
|
============= |
============= |
|
|
|
|
|
BALANCE
SHEET
|
|
UTTAM GALVA INTERNATIONAL PTE. LTD. |
|
Trade debtors |
134,886,557 |
15,001,278 |
|
Other debtors, deposits & prepayments |
75,849,987 |
35,732,774 |
|
Cash & bank balances |
302,013 |
296,346 |
|
---------------- |
---------------- |
|
|
TOTAL CURRENT ASSETS |
211,038,557 |
51,030,398 |
|
---------------- |
---------------- |
|
|
TOTAL ASSET |
211,038,557 |
51,030,398 |
|
============= |
============= |
|
|
CURRENT LIABILITIES |
||
|
Trade creditors |
167,992,862 |
14,942,896 |
|
Other creditors & accruals |
5,771,115 |
5,242 |
|
Provision for taxation |
161,837 |
7,000 |
|
---------------- |
---------------- |
|
|
TOTAL CURRENT LIABILITIES |
173,925,814 |
14,955,138 |
|
---------------- |
---------------- |
|
|
NET CURRENT ASSETS/(LIABILITIES) |
37,112,743 |
36,075,260 |
|
---------------- |
---------------- |
|
|
TOTAL NET ASSETS |
37,112,743 |
36,075,260 |
|
============= |
============= |
|
|
SHARE CAPITAL |
||
|
Ordinary share capital |
36,000,001 |
36,000,001 |
|
---------------- |
---------------- |
|
|
TOTAL SHARE CAPITAL |
36,000,001 |
36,000,001 |
|
Retained profit/(loss) carried forward |
1,112,742 |
75,259 |
|
---------------- |
---------------- |
|
|
TOTAL RESERVES |
1,112,742 |
75,259 |
|
---------------- |
---------------- |
|
|
SHAREHOLDERS' FUNDS/EQUITY |
37,112,743 |
36,075,260 |
|
---------------- |
---------------- |
|
|
37,112,743 |
36,075,260 |
|
|
============= |
============= |
|
Financials
ration
|
|
UTTAM GALVA INTERNATIONAL PTE. LTD. |
|
TYPES OF FUNDS |
||
|
Cash |
302,013 |
296,346 |
|
Net Liquid Funds |
302,013 |
296,346 |
|
Net Liquid Assets |
37,112,743 |
36,075,260 |
|
Net Current Assets/(Liabilities) |
37,112,743 |
36,075,260 |
|
Net Tangible Assets |
37,112,743 |
36,075,260 |
|
Net Monetary Assets |
37,112,743 |
36,075,260 |
|
PROFIT & LOSS ITEMS |
||
|
Earnings Before Interest & Tax (EBIT) |
1,197,483 |
82,259 |
|
Earnings Before Interest, Taxes, Depreciation And Amortization
(EBITDA) |
169,213,460 |
97,207 |
|
BALANCE SHEET ITEMS |
||
|
Total Borrowings |
0 |
0 |
|
Total Liabilities |
173,925,814 |
14,955,138 |
|
Total Assets |
211,038,557 |
51,030,398 |
|
Net Assets |
37,112,743 |
36,075,260 |
|
Net Assets Backing |
37,112,743 |
36,075,260 |
|
Shareholders' Funds |
37,112,743 |
36,075,260 |
|
Total Share Capital |
36,000,001 |
36,000,001 |
|
Total Reserves |
1,112,742 |
75,259 |
|
LIQUIDITY (Times) |
||
|
Cash Ratio |
0 |
0.02 |
|
Liquid Ratio |
1.21 |
3.41 |
|
Current Ratio |
1.21 |
3.41 |
|
WORKING CAPITAL CONTROL (Days) |
||
|
Stock Ratio |
0 |
0 |
|
Debtors Ratio |
183 |
284 |
|
Creditors Ratio |
227 |
282 |
|
SOLVENCY RATIOS (Times) |
||
|
Gearing Ratio |
0 |
0 |
|
Liabilities Ratio |
4.69 |
0.41 |
|
Times Interest Earned Ratio |
0 |
0 |
|
Assets Backing Ratio |
1.03 |
1.00 |
|
PERFORMANCE RATIO (%) |
||
|
Operating Profit Margin |
0.44 |
0.43 |
|
Net Profit Margin |
0.38 |
0.39 |
|
Return On Net Assets |
3.23 |
0.23 |
|
Return On Capital Employed |
3.23 |
0.23 |
|
Return On Shareholders' Funds/Equity |
2.80 |
0.21 |
|
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.63.81 |
|
|
1 |
Rs.98.93 |
|
Euro |
1 |
Rs.69.66 |
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.