|
Report No. : |
308161 |
|
Report Date : |
24.02.2015 |
IDENTIFICATION DETAILS
|
Name : |
AURIONPRO
SOLUTIONS PTE. LTD. |
|
|
|
|
Formerly Known As : |
VAIDS TECHNOLOGIES PTE. LTD. VALUE ADDED INFORMATION DISTRIBUTION SERVICES PTE LTD |
|
|
|
|
Registered Office : |
438B, Alexandra Road, 05-11, Alexandra Technopark, 119968 |
|
|
|
|
Country : |
Singapore |
|
|
|
|
Financials (as on) : |
31.03.2014 |
|
|
|
|
Date of Incorporation : |
19.06.1999 |
|
|
|
|
Com. Reg. No.: |
199903424-M |
|
|
|
|
Legal Form : |
Private Limited |
|
|
|
|
Line of Business : |
Software Consultancy |
|
|
|
|
No. of Employees : |
Not Available |
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 : |
No Complaints |
|
|
|
|
Litigation : |
Clear |
NOTES:
Any query related to this report can be made
on e-mail: infodept@mirainform.com
while quoting report number, name and date.
ECGC Country Risk Classification List – 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. |
: |
199903424-M |
||||
|
COMPANY
NAME |
: |
AURIONPRO
SOLUTIONS PTE. LTD. |
||||
|
FORMER
NAME |
: |
VAIDS
TECHNOLOGIES PTE. LTD. (10/06/2004) |
||||
|
INCORPORATION
DATE |
: |
19/06/1999 |
||||
|
COMPANY
STATUS |
: |
EXIST |
||||
|
LEGAL
FORM |
: |
PRIVATE
LIMITED |
||||
|
LISTED
STATUS |
: |
NO |
||||
|
REGISTERED
ADDRESS |
: |
438B,
ALEXANDRA ROAD, 05-11, ALEXANDRA TECHNOPARK, 119968, SINGAPORE. |
||||
|
BUSINESS
ADDRESS |
: |
438B
ALEXANDRA ROAD #05-11 ALEXANDRA TECHNOPARK, 119968, SINGAPORE. |
||||
|
TEL.NO. |
: |
65-65364852 |
||||
|
FAX.NO. |
: |
65-65364864 |
||||
|
WEB
SITE |
: |
WWW.AURIONPRO.COM |
||||
|
CONTACT
PERSON |
: |
JADHAV
DHANANJAY BALKRISHNA (DIRECTOR) |
||||
|
PRINCIPAL
ACTIVITY |
: |
SOFTWARE
CONSULTANCY |
||||
|
ISSUED
AND PAID UP CAPITAL |
: |
1,493,799.00
ORDINARY SHARE, OF A VALUE OF SGD 1,493,799.00 |
||||
|
SALES |
: |
USD
3,596,834 [2014] |
||||
|
NET
WORTH |
: |
USD
4,140,435 [2014] |
||||
|
STAFF
STRENGTH |
: |
N/A |
||||
|
||||||
|
LITIGATION |
: |
CLEAR |
||||
|
FINANCIAL
CONDITION |
: |
FAIR |
||||
|
PAYMENT |
: |
FAIR |
||||
|
MANAGEMENT
CAPABILITY |
: |
AVERAGE |
||||
|
COMMERCIAL
RISK |
: |
LOW |
||||
|
CURRENCY
EXPOSURE |
: |
MODERATE |
||||
|
GENERAL
REPUTATION |
: |
SATISFACTORY |
||||
|
INDUSTRY
OUTLOOK |
: |
MARGINAL
GROWTH |
||||
The Subject is a private limited company and is
allowed to have a minimum of one and a maximum of forty-nine shareholders. As a
private limited company, the Subject must have at least two directors. A
private limited company is a separate legal entity from its shareholders. As a
separate legal entity, the Subject is capable of owning assets, entering into
contracts, sue or be sued by other companies. The liabilities of the
shareholders are to the extent of the equity they have taken up and the
creditors cannot claim on shareholders' personal assets even if the Subject is
insolvent. The Subject is governed by the Companies Act and the company must
file its annual returns, together with its financial statements with the
Registrar of Companies.
The
Subject is principally engaged in the (as a / as an) software consultancy.
The
ultimate holding company of the Subject is AURIOPRO SOLUTIONS LTD, a company
incorporated in INDIA.
Share
Capital History
|
Date |
Issue
& Paid Up Capital |
|
17/02/2015 |
SGD
1,493,799.00 |
The
major shareholder(s) of the Subject are shown as follows :
|
Name |
Address |
IC/PP/Loc
No |
Shareholding |
(%) |
|
AURIONPRO
SOLUTIONS LTD. |
SUNSHINE
TOWER, TULSI PIPE ROAD NEAR FLOWER MARKET, DADAR (WEST) MUMBAI, MAHARASHTRA, 35TH
FLOOR, 400013, INDIA. |
T03UF2941 |
1,493,799.00 |
100.00 |
|
1,493,799.00 |
100.00 |
|||
|
============ |
===== |
+
Also Director
DIRECTOR
1
|
Name
Of Subject |
: |
MR.
JADHAV DHANANJAY BALKRISHNA |
|
Address |
: |
12,
UPPER SERANGOON VIEW, 02-07, RIO VISTA, 534199, SINGAPORE. |
|
IC
/ PP No |
: |
S7165131B |
|
Nationality |
: |
SINGAPOREAN |
|
Date
of Appointment |
: |
27/08/2008 |
DIRECTOR
2
|
Name
Of Subject |
: |
ZAVERI
PARESH CHANDULAL |
|
Address |
: |
3,
SIGLAP ROAD, 06 - 23 , MANDARIN GARDENS, 448907, SINGAPORE. |
|
IC
/ PP No |
: |
F5568499P |
|
Nationality |
: |
INDIAN |
|
Date
of Appointment |
: |
25/04/2000 |
|
1)
|
Name
of Subject |
: |
JADHAV
DHANANJAY BALKRISHNA |
|
Position |
: |
DIRECTOR |
|
Auditor |
: |
S.
RENGANATHAN & CO. |
|
Auditor'
Address |
: |
N/A |
|
1)
|
Company
Secretary |
: |
PATHIMA
MUNEERA AZMI |
|
IC
/ PP No |
: |
S2715498J |
|
|
Address |
: |
122,
JURONG EAST STREET, 13, 02-31, IVORY HEIGHTS, 600122, SINGAPORE. |
|
|
2)
|
Company
Secretary |
: |
CHENG
LIAN SIANG |
|
IC
/ PP No |
: |
S1519832Z |
|
|
Address |
: |
7,
SIN MING WALK, 20-17, THE GARDENS AT BISHAN, 575577, SINGAPORE. |
|
Banking relations are maintained principally with:
|
1)
|
Name |
: |
AXIS
BANK LIMITED SINGAPORE BRANCH |
|
Charge
No |
Creation
Date |
Charge
Description |
Chargee
Name |
Total
Charge |
Status |
|
C201105489 |
04/05/2011 |
N/A |
AXIS
BANK LIMITED SINGAPORE BRANCH |
- |
Unsatisfied |
* A check has been conducted in our databank againt the Subject whether the
subject has been involved in any litigation.
No legal action was found in our databank.
No winding up petition was found in our databank.
|
SOURCES
OF RAW MATERIALS: |
||
|
Local |
: |
N/A |
|
Overseas |
: |
N/A |
The Subject is a service provider and it does not deal with trade 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 |
[ |
X |
] |
Poor
>120 Days |
[ |
] |
||||||||
|
Local |
: |
YES |
|||
|
Domestic
Markets |
: |
SINGAPORE |
|||
|
Overseas |
: |
YES |
|||
|
Export
Market |
: |
WORLDWIDE |
|||
|
Credit
Term |
: |
N/A |
|||
|
Payment
Mode |
: |
CHEQUES |
|||
|
Services |
: |
SOFTWARE
CONSULTANCY |
|
|
Total
Number of Employees: |
|||||||||
|
YEAR |
2014 |
2013 |
|||||||
|
|
|||||||||
|
GROUP |
N/A |
N/A |
|||||||
|
COMPANY |
10 |
10 |
|||||||
|
Branch |
: |
NO
|
Other Information:
The
Subject is principally engaged in the (as a / as an) software consultancy.
Aurionpro is a publicly traded technology company that helps enterprises to be
more efficient through domain-driven software and consulting offerings.
The Subject is organized into four primary business lines that include:
* Banking & Financial Technologies: providing a mature suite of software
products around Banks’ core banking systems.
* SCM Software: providing Logistics, Manufacturing, and Retail companies with a
cloud-based software platform to manage their entire supply chain, from
managing inventory in warehouses, to shipping finished products across the
globe.
*Oracle Implementation Services: providing industry-leading consulting services
across Oracle's Identity Management, WebCenter, and Apps product suites.
*Enterprise IT Services: combining deep levels of expertise in niche areas such
as cloud-based software implementations and mobile app development, with a
sizable pool of resources that can be leveraged to complement larger scale IT
projects
Latest
fresh investigations carried out on the Subject indicated that :
|
Telephone
Number Provided By Client |
: |
N/A |
|
Current
Telephone Number |
: |
65-65364852 |
|
Match |
: |
N/A |
|
Address
Provided by Client |
: |
438B
ALEXANDRA ROAD, 05-11 ALEXANDRA TECHNOPARK, SINGAPORE 119968 |
|
Current
Address |
: |
438B
ALEXANDRA ROAD #05-11 ALEXANDRA TECHNOPARK, 119968, SINGAPORE. |
|
Match |
: |
YES |
Other
Investigations
We contacted one of the staff from the Subject and she provided some
information.
She refused to disclose the Subject's number of employees.
|
Profitability |
||||||
|
Turnover |
: |
Increased |
[ |
2011
- 2014 |
] |
|
|
Profit/(Loss)
Before Tax |
: |
Decreased |
[ |
2011
- 2014 |
] |
|
|
Return
on Shareholder Funds |
: |
Acceptable |
[ |
16.71% |
] |
|
|
Return
on Net Assets |
: |
Acceptable |
[ |
23.21% |
] |
|
|
The
Subject's turnover increased steadily as the demand for its products /
services increased due to the goodwill built up over the years.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. 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 |
[ |
144
Days |
] |
|
|
Creditors
Ratio |
: |
Unfavourable |
[ |
64
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 |
: |
Unfavourable |
[ |
0.51
Times |
] |
|
|
Current
Ratio |
: |
Unfavourable |
[ |
0.51
Times |
] |
|
|
A
low liquid ratio means that the Subject may be facing working capital
deficiency. If the Subject cannot obtain additional financing or injection of
fresh capital, it may face difficulties in meeting its short term
obligations. |
||||||
|
Solvency |
||||||
|
Interest
Cover |
: |
Acceptable |
[ |
3.60
Times |
] |
|
|
Gearing
Ratio |
: |
Favourable |
[ |
0.73
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 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 : |
||||||
|
The
higher turnover had helped to reduce the Subject's losses. Due to its weak liquidity
position, the Subject will be faced with problems in meeting all its short
term obligations if no short term loan is obtained or additional capital
injected into the Subject. 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 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 : 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
: |
INFORMATION
TECHNOLOGY |
|
Singapore's
infocomm services industry is well-positioned to tap into the new business
opportunities of the digital age. An early mover in infocomm technology, Singapore
today ranks as the second most network-ready country in the world and the
first in Asia, according to the World Economic Forum's "Global
Information Technology Report 2014". The roll out of the Intelligent
Nation 2015 Master Plan and the National Broadband Network will further
strengthen Singapore's infrastructure network. |
|
|
Furthermore,
BMI has a positive outlook for the growth of Singapore's IT market in 2014,
which will underperform emerging market growth rates, but is expected to
outperform against other developed markets. Strong income growth, exposure to
the APAC growth story and government policy will all support IT market growth
over the medium term. Growth from the sales of PC and devices will slow as
high device penetration in the city state means little prospect for first
time sales, but short replacement cycles and strong demand for premium
devices will ensure it remains a lucrative market for vendors. Considering
the government active push to promote Singapore as a destination for cloud,
big data and analytics services, Singapore should be a strong contender in
the data centre space against peers such as Australia, Taiwan, South Korea
and Hong Kong. |
|
|
The
information & communications sector grew by 2.3% in the third quarter of
2014. Previously, in the fourth quarter of 2013, the information &
communications sector grew by 5.0%, following the 6.0% expansion in the
preceding quarter. For the whole of 2013, growth was 5.5%, lower than the
6.2% in 2012. |
|
|
Nonetheless,
computer hardware sales forecast to increase from SGD2.926bn in 2014 to
SGD3.333bn in 2018, equating to a compound annual growth rate (CAGR) of 3.5%
in local currency terms. The slowdown in tablet sales represents downside by
a stabilization in desktop and notebook volumes will see the market continue
to grow over the medium term. Besides, software sales forecast to increase
from SGD1.436bn in 2014 to SGD1.733bn in 2018, representing a CAGR of 5.2% in
local currency terms. SME demand for basic enterprise software (particularly
SaaS), complex deployments by large enterprises and investments in security
software will all be growth areas. |
|
|
IT
Services sales forecast to increase from SGD3.236bn in 2014 to SGD4.091bn in
2018, equating to a CAGR of 5.9% in local currency terms. Growing demand for
cloud computing, big data and analytics services from telecoms, healthcare,
logistics and government will support IT services outperformance. |
|
|
The
Intelligent Nation 2015 master plan lays out the blueprint for Singapore’s
infocomm strategies in the digital age, with the creation of some 80,000 jobs
and an increase of value-add to SGD 26 billion. The master plan will
incorporate emerging technologies and leverage strategic developments. Some
of these emerging developments include Cloud Computing, Business Analytics
and Green ICT. While Singapore has performed well in international
e-Government rankings, the next e-Government master plan is already in the
pipeline to ensure that we remain at the forefront of e-Government practice
and services. |
|
|
OVERALL
INDUSTRY OUTLOOK : MARGINAL GROWTH |
|
|
Incorporated
in 1999, the Subject is a Private Limited company, focusing on software consultancy.
Having been in the industry for over a decade, the Subject has achieved a
certain market share and has built up a satisfactory reputation in the
market. It should have received supports from its regular customers. A paid
up capital of SGD 1,493,799 allows the Subject to expand its business more
comfortably. With a strong backing from its shareholder, the Subject enjoys
timely financial assistance should the needs arise. |
|
|
|
THE
FINANCIAL STATEMENTS WERE PREPARED IN ACCORDANCE WITH SINGAPORE FINANCIAL
REPORTING STANDARDS. |
|
AURIONPRO
SOLUTIONS PTE. LTD. |
|
Financial
Year End |
2014-03-31 |
2013-03-31 |
2012-03-31 |
2011-03-31 |
|
Months |
12 |
12 |
12 |
12 |
|
Consolidated
Account |
Company |
Company |
Company |
Company |
|
Audited
Account |
YES |
YES |
YES |
YES |
|
Unqualified
Auditor's Report (Clean Opinion) |
YES |
YES |
YES |
YES |
|
Financial
Type |
FULL |
FULL |
FULL |
FULL |
|
Currency |
USD |
USD |
USD |
USD |
|
TURNOVER |
3,596,834 |
2,682,614 |
2,434,606 |
2,215,336 |
|
---------------- |
---------------- |
---------------- |
---------------- |
|
|
Total
Turnover |
3,596,834 |
2,682,614 |
2,434,606 |
2,215,336 |
|
Costs
of Goods Sold |
(1,559,529) |
(1,426,713) |
(982,700) |
(2,103,173) |
|
---------------- |
---------------- |
---------------- |
---------------- |
|
|
Gross
Profit |
2,037,305 |
1,255,901 |
1,451,906 |
112,163 |
|
---------------- |
---------------- |
---------------- |
---------------- |
|
|
PROFIT/(LOSS)
FROM OPERATIONS |
708,968 |
(887,614) |
472,716 |
316,624 |
|
---------------- |
---------------- |
---------------- |
---------------- |
|
|
PROFIT/(LOSS)
BEFORE TAXATION |
708,968 |
(887,614) |
472,716 |
316,624 |
|
Taxation |
(17,000) |
1,007,147 |
99,000 |
(47,625) |
|
---------------- |
---------------- |
---------------- |
---------------- |
|
|
PROFIT/(LOSS)
AFTER TAXATION |
691,968 |
119,533 |
571,716 |
268,999 |
|
---------------- |
---------------- |
---------------- |
---------------- |
|
|
RETAINED
PROFIT/(LOSS) BROUGHT FORWARD |
||||
|
As
previously reported |
2,090,276 |
1,970,743 |
1,399,027 |
1,130,028 |
|
---------------- |
---------------- |
---------------- |
---------------- |
|
|
As
restated |
2,090,276 |
1,970,743 |
1,399,027 |
1,130,028 |
|
---------------- |
---------------- |
---------------- |
---------------- |
|
|
PROFIT
AVAILABLE FOR APPROPRIATIONS |
2,782,244 |
2,090,276 |
1,970,743 |
1,399,027 |
|
---------------- |
---------------- |
---------------- |
---------------- |
|
|
RETAINED
PROFIT/(LOSS) CARRIED FORWARD |
2,782,244 |
2,090,276 |
1,970,743 |
1,399,027 |
|
============= |
============= |
============= |
============= |
|
|
INTEREST
EXPENSE (as per notes to P&L) |
||||
|
Others |
272,375 |
346,820 |
204,255 |
57,426 |
|
---------------- |
---------------- |
---------------- |
---------------- |
|
|
272,375 |
346,820 |
204,255 |
57,426 |
|
|
============= |
============= |
============= |
============= |
|
AURIONPRO
SOLUTIONS PTE. LTD. |
|
ASSETS
EMPLOYED: |
||||
|
FIXED
ASSETS |
3,028,993 |
2,814,057 |
2,629,475 |
82,787 |
|
Investments |
- |
- |
1,000,000 |
2,014,473 |
|
Deferred
assets |
865,000 |
882,000 |
- |
- |
|
Others |
- |
- |
99,000 |
- |
|
---------------- |
---------------- |
---------------- |
---------------- |
|
|
TOTAL
LONG TERM INVESTMENTS/OTHER ASSETS |
865,000 |
882,000 |
1,099,000 |
2,014,473 |
|
Others |
4,966,234 |
2,377,600 |
- |
- |
|
---------------- |
---------------- |
---------------- |
---------------- |
|
|
TOTAL
INTANGIBLE ASSETS |
4,966,234 |
2,377,600 |
- |
- |
|
---------------- |
---------------- |
---------------- |
---------------- |
|
|
TOTAL
LONG TERM ASSETS |
8,860,227 |
6,073,657 |
3,728,475 |
2,097,260 |
|
Trade
debtors |
1,423,656 |
1,196,231 |
933,387 |
961,904 |
|
Other
debtors, deposits & prepayments |
2,857,307 |
4,003,604 |
5,022,116 |
7,424,922 |
|
Amount
due from related companies |
57,248 |
101,674 |
1,373,524 |
105,506 |
|
Cash
& bank balances |
477,226 |
1,821 |
1,593 |
21,091 |
|
---------------- |
---------------- |
---------------- |
---------------- |
|
|
TOTAL
CURRENT ASSETS |
4,815,437 |
5,303,330 |
7,330,620 |
8,513,423 |
|
---------------- |
---------------- |
---------------- |
---------------- |
|
|
TOTAL
ASSET |
13,675,664 |
11,376,987 |
11,059,095 |
10,610,683 |
|
============= |
============= |
============= |
============= |
|
|
CURRENT
LIABILITIES |
||||
|
Trade
creditors |
275,078 |
89,035 |
37,596 |
47,846 |
|
Other
creditors & accruals |
- |
153,741 |
667,078 |
34,456 |
|
Hire
purchase & lease creditors |
22,766 |
- |
- |
- |
|
Bank
overdraft |
- |
355 |
- |
- |
|
Short
term borrowings/Term loans |
2,930,000 |
2,930,000 |
2,930,000 |
2,950,000 |
|
Amounts
owing to holding company |
2,316,427 |
2,487,931 |
1,940,895 |
2,090,845 |
|
Amounts
owing to related companies |
3,903,731 |
2,267,458 |
1,881,810 |
2,477,869 |
|
Amounts
owing to director |
- |
- |
3,070 |
- |
|
Provision
for taxation |
- |
- |
269,712 |
252,449 |
|
---------------- |
---------------- |
---------------- |
---------------- |
|
|
TOTAL
CURRENT LIABILITIES |
9,448,002 |
7,928,520 |
7,730,161 |
7,853,465 |
|
---------------- |
---------------- |
---------------- |
---------------- |
|
|
NET
CURRENT ASSETS/(LIABILITIES) |
(4,632,565) |
(2,625,190) |
(399,541) |
659,958 |
|
---------------- |
---------------- |
---------------- |
---------------- |
|
|
TOTAL
NET ASSETS |
4,227,662 |
3,448,467 |
3,328,934 |
2,757,218 |
|
============= |
============= |
============= |
============= |
|
|
SHARE
CAPITAL |
||||
|
Ordinary
share capital |
1,286,031 |
1,286,031 |
1,286,031 |
1,286,031 |
|
---------------- |
---------------- |
---------------- |
---------------- |
|
|
TOTAL
SHARE CAPITAL |
1,286,031 |
1,286,031 |
1,286,031 |
1,286,031 |
|
Exchange
equalisation/fluctuation reserve |
72,160 |
72,160 |
72,160 |
72,160 |
|
Retained
profit/(loss) carried forward |
2,782,244 |
2,090,276 |
1,970,743 |
1,399,027 |
|
---------------- |
---------------- |
---------------- |
---------------- |
|
|
TOTAL
RESERVES |
2,854,404 |
2,162,436 |
2,042,903 |
1,471,187 |
|
---------------- |
---------------- |
---------------- |
---------------- |
|
|
SHAREHOLDERS'
FUNDS/EQUITY |
4,140,435 |
3,448,467 |
3,328,934 |
2,757,218 |
|
Hire
purchase creditors |
87,227 |
- |
- |
- |
|
---------------- |
---------------- |
---------------- |
---------------- |
|
|
TOTAL
LONG TERM LIABILITIES |
87,227 |
- |
- |
- |
|
---------------- |
---------------- |
---------------- |
---------------- |
|
|
4,227,662 |
3,448,467 |
3,328,934 |
2,757,218 |
|
|
============= |
============= |
============= |
============= |
|
|
AURIONPRO
SOLUTIONS PTE. LTD. |
|
TYPES
OF FUNDS |
||||
|
Cash |
477,226 |
1,821 |
1,593 |
21,091 |
|
Net
Liquid Funds |
477,226 |
1,466 |
1,593 |
21,091 |
|
Net
Liquid Assets |
(4,632,565) |
(2,625,190) |
(399,541) |
659,958 |
|
Net
Current Assets/(Liabilities) |
(4,632,565) |
(2,625,190) |
(399,541) |
659,958 |
|
Net
Tangible Assets |
(738,572) |
1,070,867 |
3,328,934 |
2,757,218 |
|
Net
Monetary Assets |
(4,719,792) |
(2,625,190) |
(399,541) |
659,958 |
|
BALANCE
SHEET ITEMS |
||||
|
Total
Borrowings |
3,039,993 |
2,930,355 |
2,930,000 |
2,950,000 |
|
Total
Liabilities |
9,535,229 |
7,928,520 |
7,730,161 |
7,853,465 |
|
Total
Assets |
13,675,664 |
11,376,987 |
11,059,095 |
10,610,683 |
|
Net
Assets |
4,227,662 |
3,448,467 |
3,328,934 |
2,757,218 |
|
Net
Assets Backing |
4,140,435 |
3,448,467 |
3,328,934 |
2,757,218 |
|
Shareholders'
Funds |
4,140,435 |
3,448,467 |
3,328,934 |
2,757,218 |
|
Total
Share Capital |
1,286,031 |
1,286,031 |
1,286,031 |
1,286,031 |
|
Total
Reserves |
2,854,404 |
2,162,436 |
2,042,903 |
1,471,187 |
|
LIQUIDITY
(Times) |
||||
|
Cash
Ratio |
0.05 |
0.00 |
0.00 |
0.00 |
|
Liquid
Ratio |
0.51 |
0.67 |
0.95 |
1.08 |
|
Current
Ratio |
0.51 |
0.67 |
0.95 |
1.08 |
|
WORKING
CAPITAL CONTROL (Days) |
||||
|
Stock
Ratio |
0 |
0 |
0 |
0 |
|
Debtors
Ratio |
144 |
163 |
140 |
158 |
|
Creditors
Ratio |
64 |
23 |
14 |
8 |
|
SOLVENCY
RATIOS (Times) |
||||
|
Gearing
Ratio |
0.73 |
0.85 |
0.88 |
1.07 |
|
Liabilities
Ratio |
2.30 |
2.30 |
2.32 |
2.85 |
|
Times
Interest Earned Ratio |
3.60 |
(1.56) |
3.31 |
6.51 |
|
Assets
Backing Ratio |
(0.57) |
0.83 |
2.59 |
2.14 |
|
PERFORMANCE
RATIO (%) |
||||
|
Operating
Profit Margin |
19.71 |
(33.09) |
19.42 |
14.29 |
|
Net
Profit Margin |
19.24 |
4.46 |
23.48 |
12.14 |
|
Return
On Net Assets |
23.21 |
(15.68) |
20.34 |
13.57 |
|
Return
On Capital Employed |
10.65 |
(9.28) |
20.34 |
13.57 |
|
Return
On Shareholders' Funds/Equity |
16.71 |
3.47 |
17.17 |
9.76 |
|
Dividend
Pay Out Ratio (Times) |
0.00 |
0.00 |
0.00 |
0.00 |
|
NOTES
TO ACCOUNTS |
||||
|
Contingent
Liabilities |
0 |
0 |
0 |
0 |
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.62.18 |
|
|
1 |
Rs.95.71 |
|
Euro |
1 |
Rs.70.76 |
INFORMATION DETAILS
|
Analysis Done by
: |
SUB |
|
|
|
|
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.