|
Report No. : |
337292 |
|
Report Date : |
20.08.2015 |
IDENTIFICATION DETAILS
|
Name : |
NEWGEN RESOURCES
PTE. LTD. |
|
|
|
|
Registered Office : |
65, Chulia Street, 38-04, Ocbc Centre, 049513 |
|
|
|
|
Country : |
Singapore |
|
|
|
|
Financials (as on) : |
30.06.2014 |
|
|
|
|
Date of Incorporation : |
09.10.2012 |
|
|
|
|
Com. Reg. No.: |
201224884-N |
|
|
|
|
Legal Form : |
Private Limited |
|
|
|
|
Line of Business : |
Trading of Coal and Metal Scraps. |
|
|
|
|
No. of Employees : |
5 [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 |
|
REGISTRATION
NO. |
: |
201224884-N |
||||
|
COMPANY
NAME |
: |
NEWGEN
RESOURCES PTE. LTD. |
||||
|
FORMER
NAME |
: |
N/A |
||||
|
INCORPORATION
DATE |
: |
09/10/2012 |
||||
|
COMPANY
STATUS |
: |
EXIST |
||||
|
LEGAL
FORM |
: |
PRIVATE
LIMITED |
||||
|
LISTED
STATUS |
: |
NO |
||||
|
REGISTERED
ADDRESS |
: |
65,
CHULIA STREET, 38-04, OCBC CENTRE, 049513, SINGAPORE. |
||||
|
BUSINESS
ADDRESS |
: |
65,
CHULIA STREET, 38-04, OCBC CENTRE, 049153, SINGAPORE. |
||||
|
TEL.NO. |
: |
65-64384642 |
||||
|
FAX.NO. |
: |
65-64384758 |
||||
|
CONTACT
PERSON |
: |
SANJIV
BATRA ( DIRECTOR ) |
||||
|
PRINCIPAL
ACTIVITY |
: |
TRADING
OF COAL AND METAL SCRAPS |
||||
|
ISSUED
AND PAID UP CAPITAL |
: |
2,251,500.00
ORDINARY SHARE, OF A VALUE OF USD 2,251,500.00 |
||||
|
SALES |
: |
USD
27,242,058 [2014] |
||||
|
NET
WORTH |
: |
USD
2,141,628 [2014] |
||||
|
STAFF
STRENGTH |
: |
5
[2015] |
||||
|
||||||
|
LITIGATION |
: |
CLEAR |
||||
|
FINANCIAL
CONDITION |
: |
LIMITED |
||||
|
PAYMENT |
: |
N/A |
||||
|
MANAGEMENT
CAPABILITY |
: |
AVERAGE |
||||
|
COMMERCIAL
RISK |
: |
LOW |
||||
|
CURRENCY
EXPOSURE |
: |
MODERATE |
||||
|
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 coal and metal
scraps.
Share
Capital History
|
Date |
Issue
& Paid Up Capital |
|
19/08/2015 |
USD
2,251,500.00 |
The
major shareholder(s) of the Subject are shown as follows :
Current Shareholder(s) :
|
Name |
Address |
IC/PP/Loc
No |
Shareholding |
(%) |
|
MINERA
STEEL & POWER PVT. LTD |
811/2,
NH63, HOSPET ROAD, ALIPUR, BELLARY 583105, KARNATAKA, INDIA. |
T12UF3802 |
1,250,000.00 |
55.52 |
|
NISCHAL
JAIN + |
47,
A2 KEMPINSKI PVT RESIDENCES, JALAN THAMRIN 1, JAKARTA PUSAT, 10310,
INDONESIA. |
Z2044723 |
750.00 |
0.03 |
|
TANVEER
AHMED + |
MUBARAK
MANZIL CANTONMENT, BELLARY, 583104, INDIA. |
Z2021622 |
750.00 |
0.03 |
|
JAINSON
HOLDINGS HONG KONG LIMITED |
UNIT
1113A & UNIT 1115, 11/F, GRAND MILLENNIUM PLAZA COSCO TOWER, 183 QUEEN'S
ROAD CENTRAL, HONG KONG. |
T12UF3801 |
1,000,000.00 |
44.41 |
|
--------------- |
------ |
|||
|
2,251,500.00 |
100.00 |
|||
|
============ |
===== |
+
Also Director
DIRECTORS
|
DIRECTOR
1
|
Name
Of Subject |
: |
SANJIV
BATRA |
|
Address |
: |
57B,
DEVONSHIRE ROAD, 16-04, THE SUITES AT CENTRAL, 239899, SINGAPORE. |
|
IC
/ PP No |
: |
F5590269X |
|
Nationality |
: |
INDIAN |
|
Date
of Appointment |
: |
09/10/2012 |
DIRECTOR
2
|
Name
Of Subject |
: |
MAHESWARY
PRADEEP KUMAR |
|
Address |
: |
2,
RIVER VALLEY CLOSE, 20-06, THE REGALIA, 238428, SINGAPORE. |
|
IC
/ PP No |
: |
S2761509J |
|
Nationality |
: |
SINGAPOREAN |
|
Date
of Appointment |
: |
09/10/2012 |
DIRECTOR
3
|
Name
Of Subject |
: |
NISCHAL
JAIN |
|
Address |
: |
47,
A2 KEMPINSKI PVT RESIDENCES, JALAN THAMRIN 1, JAKARTA PUSAT, 10310,
INDONESIA. |
|
IC
/ PP No |
: |
Z2044723 |
|
Nationality |
: |
INDIAN |
|
Date
of Appointment |
: |
09/10/2012 |
DIRECTOR
4
|
Name
Of Subject |
: |
TANVEER
AHMED |
|
Address |
: |
MUBARAK
MANZIL CANTONMENT, BELLARY, 583104, INDIA. |
|
IC
/ PP No |
: |
Z2021622 |
|
Nationality |
: |
INDIAN |
|
Date
of Appointment |
: |
09/10/2012 |
|
1)
|
Name
of Subject |
: |
SANJIV
BATRA |
|
Position |
: |
DIRECTOR |
AUDITOR
|
|
Auditor |
: |
AUDIT
TRUST PAC |
|
Auditor'
Address |
: |
N/A |
COMPANY
SECRETARIES
|
|
1)
|
Company
Secretary |
: |
WONG
LEE CHUIN |
|
IC
/ PP No |
: |
S7329434G |
|
|
Address |
: |
10,
ANSON ROAD, 18-03, INTERNATIONAL PLAZA, 079903, SINGAPORE. |
|
BANKING
|
Banking relations are maintained principally with :
|
1)
|
Name |
: |
UNITED
OVERSEAS BANK LIMITED |
ENCUMBRANCE
(S)
|
|
Charge
No |
Creation
Date |
Charge
Description |
Chargee
Name |
Total
Charge |
Status |
|
C201311871 |
30/08/2013 |
N/A |
UNITED
OVERSEAS BANK LIMITED |
- |
Unsatisfied |
|
C201311873 |
30/08/2013 |
N/A |
UNITED
OVERSEAS BANK LIMITED |
- |
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 Subject refused to disclose its suppliers.
CLIENTELE
|
|
Local |
: |
YES |
|||
|
Domestic
Markets |
: |
SINGAPORE |
|||
|
Overseas |
: |
YES |
|||
|
Export
Market |
: |
WORLDWIDE |
|||
|
Credit
Term |
: |
N/A |
|||
|
Payment
Mode |
: |
CHEQUES |
|||
OPERATIONS
|
|
Goods
Traded |
: |
COAL
AND METAL SCRAPS |
|
|
Total
Number of Employees: |
|||||||||
|
YEAR |
2015 |
||||||||
|
|
|||||||||
|
GROUP |
N/A |
||||||||
|
COMPANY |
5 |
||||||||
|
Branch |
: |
NO |
Other
Information:
The Subject is principally engaged in the (as a / as an) trading of coal and
metal scraps.
The Subject refused to disclose its operation.
CURRENT
INVESTIGATION
|
Latest
fresh investigations carried out on the Subject indicated that :
|
Telephone
Number Provided By Client |
: |
65
64387273 |
|
Current
Telephone Number |
: |
65-64384642 |
|
Match |
: |
YES |
|
Address
Provided by Client |
: |
38-04
OCBC CENTRE, 65 CHULLA STREE SINGAPORE 049153 |
|
Current
Address |
: |
65,
CHULIA STREET, 38-04, OCBC CENTRE, 049153, SINGAPORE. |
|
Match |
: |
YES |
Other
Investigations
We contacted one of the staff from the Subject and she provided some information.
FINANCIAL
ANALYSIS
|
|
Profitability |
||||||
|
Turnover |
: |
Increased |
[ |
835.76% |
] |
|
|
Profit/(Loss)
Before Tax |
: |
Increased |
[ |
228.09% |
] |
|
|
Return
on Shareholder Funds |
: |
Unfavourable |
[ |
5.70% |
] |
|
|
Return
on Net Assets |
: |
Acceptable |
[ |
11.01% |
] |
|
|
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 |
: |
Favourable |
[ |
4
Days |
] |
|
|
Debtor
Ratio |
: |
Favourable |
[ |
34
Days |
] |
|
|
Creditors
Ratio |
: |
Favourable |
[ |
0
Days |
] |
|
|
The
Subject's stocks were moving fast thus reducing its holding cost. This had reduced
funds being tied up in stocks. The favourable debtors' days could be due to
the good credit control measures implemented by the Subject. The Subject had
a favourable creditors' ratio where the Subject could be taking advantage of
the cash discounts and also wanting to maintain goodwill with its creditors. |
||||||
|
Liquidity |
||||||
|
Liquid
Ratio |
: |
Favourable |
[ |
2.33
Times |
] |
|
|
Current
Ratio |
: |
Favourable |
[ |
2.54
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 |
[ |
2.13
Times |
] |
|
|
Gearing
Ratio |
: |
Favourable |
[ |
0.29
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
was lowly geared thus it had a low financial risk. The Subject was mainly
financed by its shareholders' funds and internally generated funds. In times
of economic slowdown / downturn, the Subject being a lowly geared company,
will be able to compete better than those companies 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. 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 as a lowly geared company, will be more secured compared to those
highly geared companies. It has the ability to meet all its long term
obligations. |
||||||
|
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. |
|
NEWGEN
RESOURCES PTE. LTD. |
|
Financial
Year End |
2014-06-30 |
2013-03-31 |
|
Months |
15 |
6 |
|
Consolidated
Account |
Company |
Company |
|
Audited
Account |
YES |
YES |
|
Unqualified
Auditor's Report (Clean Opinion) |
YES |
YES |
|
Financial
Type |
FULL |
FULL |
|
Currency |
USD |
USD |
|
TURNOVER |
27,242,058 |
2,911,210 |
|
---------------- |
---------------- |
|
|
Total
Turnover |
27,242,058 |
2,911,210 |
|
Costs
of Goods Sold |
(26,618,664) |
(2,874,718) |
|
---------------- |
---------------- |
|
|
Gross
Profit |
623,394 |
36,492 |
|
---------------- |
---------------- |
|
|
PROFIT/(LOSS)
FROM OPERATIONS |
124,915 |
38,073 |
|
---------------- |
---------------- |
|
|
PROFIT/(LOSS)
BEFORE TAXATION |
124,915 |
38,073 |
|
Taxation |
(2,800) |
- |
|
---------------- |
---------------- |
|
|
PROFIT/(LOSS)
AFTER TAXATION |
122,115 |
38,073 |
|
---------------- |
---------------- |
|
|
RETAINED
PROFIT/(LOSS) BROUGHT FORWARD |
||
|
As
previously reported |
38,073 |
- |
|
---------------- |
---------------- |
|
|
As
restated |
38,073 |
- |
|
---------------- |
---------------- |
|
|
PROFIT
AVAILABLE FOR APPROPRIATIONS |
160,188 |
38,073 |
|
DIVIDENDS
- Preference |
(20,060) |
- |
|
---------------- |
---------------- |
|
|
RETAINED
PROFIT/(LOSS) CARRIED FORWARD |
140,128 |
38,073 |
|
============= |
============= |
|
|
INTEREST
EXPENSE (as per notes to P&L) |
||
|
Others |
110,880 |
8 |
|
---------------- |
---------------- |
|
|
110,880 |
8 |
|
|
============= |
============= |
|
|
DEPRECIATION
(as per notes to P&L) |
14,586 |
13,120 |
|
---------------- |
---------------- |
|
|
14,586 |
13,120 |
|
|
============= |
============= |
BALANCE
SHEET
|
|
NEWGEN
RESOURCES PTE. LTD. |
|
ASSETS
EMPLOYED: |
||
|
FIXED
ASSETS |
16,053 |
26,240 |
|
---------------- |
---------------- |
|
|
TOTAL
LONG TERM ASSETS |
16,053 |
26,240 |
|
Stocks |
300,000 |
- |
|
Trade
debtors |
2,568,745 |
529,050 |
|
Other
debtors, deposits & prepayments |
523,510 |
69,691 |
|
Cash
& bank balances |
109,755 |
503,577 |
|
---------------- |
---------------- |
|
|
TOTAL
CURRENT ASSETS |
3,502,010 |
1,102,318 |
|
---------------- |
---------------- |
|
|
TOTAL
ASSET |
3,518,063 |
1,128,558 |
|
============= |
============= |
|
|
Other
creditors & accruals |
744,423 |
11,142 |
|
Hire
purchase & lease creditors |
581,438 |
46,367 |
|
Bank
overdraft |
47,368 |
- |
|
Amounts
owing to director |
406 |
29,976 |
|
Provision
for taxation |
2,800 |
- |
|
---------------- |
---------------- |
|
|
TOTAL
CURRENT LIABILITIES |
1,376,435 |
87,485 |
|
---------------- |
---------------- |
|
|
NET
CURRENT ASSETS/(LIABILITIES) |
2,125,575 |
1,014,833 |
|
---------------- |
---------------- |
|
|
TOTAL
NET ASSETS |
2,141,628 |
1,041,073 |
|
============= |
============= |
|
|
SHARE
CAPITAL |
||
|
Ordinary
share capital |
2,001,500 |
1,003,000 |
|
---------------- |
---------------- |
|
|
TOTAL
SHARE CAPITAL |
2,001,500 |
1,003,000 |
|
Retained
profit/(loss) carried forward |
140,128 |
38,073 |
|
---------------- |
---------------- |
|
|
TOTAL
RESERVES |
140,128 |
38,073 |
|
---------------- |
---------------- |
|
|
SHAREHOLDERS'
FUNDS/EQUITY |
2,141,628 |
1,041,073 |
|
---------------- |
---------------- |
|
|
2,141,628 |
1,041,073 |
|
|
============= |
============= |
FINANCIAL
RATIO
|
|
NEWGEN
RESOURCES PTE. LTD. |
|
TYPES
OF FUNDS |
||
|
Cash |
109,755 |
503,577 |
|
Net
Liquid Funds |
62,387 |
503,577 |
|
Net
Liquid Assets |
1,825,575 |
1,014,833 |
|
Net
Current Assets/(Liabilities) |
2,125,575 |
1,014,833 |
|
Net
Tangible Assets |
2,141,628 |
1,041,073 |
|
Net
Monetary Assets |
1,825,575 |
1,014,833 |
|
PROFIT
& LOSS ITEMS |
||
|
Earnings
Before Interest & Tax (EBIT) |
235,795 |
38,081 |
|
Earnings
Before Interest, Taxes, Depreciation And Amortization (EBITDA) |
250,381 |
51,201 |
|
BALANCE
SHEET ITEMS |
||
|
Total
Borrowings |
628,806 |
46,367 |
|
Total
Liabilities |
1,376,435 |
87,485 |
|
Total
Assets |
3,518,063 |
1,128,558 |
|
Net
Assets |
2,141,628 |
1,041,073 |
|
Net
Assets Backing |
2,141,628 |
1,041,073 |
|
Shareholders'
Funds |
2,141,628 |
1,041,073 |
|
Total
Share Capital |
2,001,500 |
1,003,000 |
|
Total
Reserves |
140,128 |
38,073 |
|
LIQUIDITY
(Times) |
||
|
Cash
Ratio |
0.08 |
5.76 |
|
Liquid
Ratio |
2.33 |
12.60 |
|
Current
Ratio |
2.54 |
12.60 |
|
WORKING
CAPITAL CONTROL (Days) |
||
|
Stock
Ratio |
4 |
0 |
|
Debtors
Ratio |
34 |
66 |
|
Creditors
Ratio |
0 |
0 |
|
SOLVENCY
RATIOS (Times) |
||
|
Gearing
Ratio |
0.29 |
0.04 |
|
Liabilities
Ratio |
0.64 |
0.08 |
|
Times
Interest Earned Ratio |
2.13 |
4,760.13 |
|
Assets
Backing Ratio |
1.07 |
1.04 |
|
PERFORMANCE
RATIO (%) |
||
|
Operating
Profit Margin |
0.46 |
1.31 |
|
Net
Profit Margin |
0.45 |
1.31 |
|
Return
On Net Assets |
11.01 |
3.66 |
|
Return
On Capital Employed |
8.51 |
3.50 |
|
Return
On Shareholders' Funds/Equity |
5.70 |
3.66 |
|
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.65.25 |
|
|
1 |
Rs.102.25 |
|
Euro |
1 |
Rs.72.20 |
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.