|
Report No. : |
309937 |
|
Report Date : |
25.02.2015 |
IDENTIFICATION DETAILS
|
Name : |
GLOBE DIAMONDS SINGAPORE PTE. LTD. |
|
|
|
|
Registered Office : |
545, Orchard Road, 12-05, Far East Shopping Centre, 238882 |
|
|
|
|
Country : |
Singapore |
|
|
|
|
Financials (as on) : |
31.03.2013 |
|
|
|
|
Date of Incorporation : |
11.07.2012 |
|
|
|
|
Com. Reg. No.: |
201217160-N |
|
|
|
|
Legal Form : |
Private Limited |
|
|
|
|
Line of Business : |
Trading of Diamonds & Jewelleries |
|
|
|
|
No of Employees : |
Not Available |
RATING & COMMENTS
|
MIRA’s Rating : |
B |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
|
Status : |
Moderate |
|
|
|
|
Payment Behaviour : |
Slow but correct |
|
|
|
|
Litigation : |
Clear |
NOTES:
Any query related to this report can be made
on e-mail : infodept@mirainform.com
while quoting report number, name and date.
ECGC Country Risk Classification List – September 30, 2014
|
Country Name |
Previous Rating (30.06.2014) |
Current Rating (30.09.2014) |
|
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 |
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
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 diamonds, jewelleries. Share Capital
History
The major
shareholder(s) of the Subject are shown as follows :
+ Also Director
|
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Name Of
Subject |
: |
TEO BOON LENG |
|
Address |
: |
73A, LORONG H
TELOK KURAU, 426090, SINGAPORE. |
|
IC / PP No |
: |
S0059581J |
|
Nationality |
: |
SINGAPOREAN |
|
Date of
Appointment |
: |
11/07/2012 |
DIRECTOR 2
|
Name Of
Subject |
: |
MEHTA VIMESH
PIYUSH |
|
Address |
: |
3, TANJONG RHU
ROAD 12-01, THE WATERSIDE, 436881, SINGAPORE. |
|
IC / PP No |
: |
S6884838E |
|
Nationality |
: |
SINGAPOREAN |
|
Date of Appointment |
: |
11/07/2012 |
MANAGEMENT
|
|
1) |
Name of
Subject |
: |
MEHTA VIMESH
PIYUSH |
|
Position |
: |
DIRECTOR |
|
AUDITOR
|
|
Auditor |
: |
RT LLP |
|
Auditor'
Address |
: |
N/A |
COMPANY
SECRETARIES
|
|
1) |
Company
Secretary |
: |
YANG CHIAH
MING @ YENG CHIAH MING |
|
IC / PP No |
: |
S1170628B |
|
|
Address |
: |
8A, LORONG
KISMIS, UNIQUE GARDEN, 598004, SINGAPORE. |
|
BANKING
|
Banking relations are maintained principally with :
|
1) |
Name |
: |
DBS BANK LTD |
ENCUMBRANCE
(S)
|
|
Charge No |
Creation Date |
Charge
Description |
Chargee Name |
Total Charge |
Status |
|
C201210455 |
13/09/2012 |
N/A |
DBS BANK LTD. |
- |
Unsatisfied |
LEGAL
CHECK AGAINST SUBJECT
|
* A check has been conducted in our databank against 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.
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 Subject refused to disclose its clientele.
OPERATIONS
|
|||
|
Goods Traded |
: |
DIAMONDS,
JEWELLERIES |
|
|
Branch |
: |
NO |
Other Information:
The Subject is principally engaged in the (as a / as an) trading of diamonds,
jewelleries.
The Subject sells jewelleries, stones, diamonds and others.
CURRENT
INVESTIGATION
|
Latest fresh investigations carried out on the Subject indicated that
:
|
Telephone
Number Provided By Client |
: |
6887 4112 |
|
Current
Telephone Number |
: |
65-66719300 |
|
Match |
: |
NO |
|
Address
Provided by Client |
: |
NO. 3, KAKI
BUKIT PLACE, EUNOS TECHPARK, SINGAPORE 416181 |
|
Current
Address |
: |
NO. 3 KAKI
BUKIT PLACE, EUNOS TECH PARK, 416181, SINGAPORE. |
|
Match |
: |
YES |
Other Investigations
We contacted one of the staff from the Subject and she provided some
information.
She refused to disclose the number of employees.
FINANCIAL
ANALYSIS
|
|
Profitability |
||||||
|
Return on
Shareholder Funds |
: |
Favourable |
[ |
89.97% |
] |
|
|
Return on Net
Assets |
: |
Favourable |
[ |
40.55% |
] |
|
|
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 |
: |
Favourable |
[ |
55 Days |
] |
|
|
Debtor Ratio |
: |
Unfavourable |
[ |
111 Days |
] |
|
|
Creditors
Ratio |
: |
Unfavourable |
[ |
266 Days |
] |
|
|
The Subject's stocks were moving fast thus reducing its holding
cost. This had reduced funds being tied up in 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 |
: |
Acceptable |
[ |
0.85 Times |
] |
|
|
Current Ratio |
: |
Unfavourable |
[ |
1.02 Times |
] |
|
|
The Subject's liquid ratio was slightly low. This could indicate
that the Subject's working capital was slightly deficient. The Subject will
have to improve its liquidity position either by obtaining short term financing
or increase its paid up capital so that it can meet all its short term
obligations as and when they fall due. |
||||||
|
Solvency |
||||||
|
Interest Cover |
: |
Favourable |
[ |
66.88 Times |
] |
|
|
Gearing Ratio |
: |
Unfavourable |
[ |
1.62 Times |
] |
|
|
The interest cover showed that the Subject was able to service the
interest. The favourable interest cover could indicate that the Subject was
making enough profit to pay for the interest accrued. The Subject was
highly geared, thus it had a high financial risk. The Subject was dependent
on loans to finance its business needs. In times of economic downturn and /
or high interest rate, the Subject will become less profitable and
competitive than other firms in the same industry, which are lowly geared.
This is because the Subject has to service the interest and to repay the
loan, which will erode part of its profits. The profits will fluctuate depending
on the Subject's turnover and the interest it needs to pay. |
||||||
|
Overall
Assessment : |
||||||
|
The Subject's
liquidity was at an acceptable range. If the Subject is able to obtain further
short term financing, it should be able to meet all its short term
obligations. With the favourable interest cover, the Subject could be able
to service all the accrued interest without facing any difficulties. The
Subject's gearing level was high and its going concern will be in doubt if
there is no injection of additional shareholders' funds in times of
economic downturn and / or high interest rates. |
||||||
|
Overall
financial condition of the Subject : STABLE |
||||||
|
|
||||||
SINGAPORE
ECONOMIC / INDUSTRY OUTLOOK
|
|
Major Economic
Indicators : |
2009 |
2010 |
2011 |
2012 |
2013 |
|
|
|||||
|
Population
(Million) |
4.98 |
5.08 |
5.18 |
5.31 |
5.40 |
|
Gross Domestic
Products ( % ) |
(0.8) |
14.5 |
4.9 |
1.3 |
3.7 |
|
Consumer Price
Index |
0.6 |
2.8 |
5.2 |
4.6 |
2.4 |
|
Total Imports
(Million) |
356,299.3 |
423,221.8 |
459,655.1 |
474,554.0 |
466,762.0 |
|
Total Exports
(Million) |
391,118.1 |
478,840.7 |
514,741.2 |
510,329.0 |
513,391.0 |
|
|
|||||
|
Unemployment Rate
(%) |
3.2 |
2.2 |
2.1 |
2.0 |
1.9 |
|
Tourist
Arrival (Million) |
9.68 |
11.64 |
13.17 |
14.49 |
15.46 |
|
Hotel
Occupancy Rate (%) |
75.8 |
85.6 |
86.5 |
86.4 |
86.3 |
|
Cellular Phone
Subscriber (Million) |
1.37 |
1.43 |
1.50 |
1.52 |
1.97 |
|
|
|||||
|
Registration
of New Companies (No.) |
26,414 |
29,798 |
32,317 |
31,892 |
37,288 |
|
Registration
of New Companies (%) |
4.3 |
12.8 |
8.5 |
(1.3) |
9.8 |
|
Liquidation of
Companies (No.) |
22,393 |
15,126 |
19,005 |
17,218 |
17,369 |
|
Liquidation of
Companies (%) |
113.4 |
(32.5) |
25.6 |
9.4 |
(5.3) |
|
|
|||||
|
Registration
of New Businesses (No.) |
26,876 |
23,978 |
23,494 |
24,788 |
22,893 |
|
Registration
of New Businesses (%) |
8.15 |
(10.78) |
2.02 |
5.51 |
1.70 |
|
Liquidation of
Businesses (No.) |
23,552 |
24,211 |
23,005 |
22,489 |
22,598 |
|
Liquidation of
Businesses (%) |
11.4 |
2.8 |
(5) |
(2.2) |
0.5 |
|
|
|||||
|
Bankruptcy
Orders (No.) |
2,058 |
1,537 |
1,527 |
1,748 |
1,992 |
|
Bankruptcy
Orders (%) |
(11.5) |
(25.3) |
(0.7) |
14.5 |
14.0 |
|
Bankruptcy
Discharges (No.) |
3,056 |
2,252 |
1,391 |
1,881 |
2,584 |
|
Bankruptcy
Discharges (%) |
103.7 |
(26.3) |
(38.2) |
35.2 |
37.4 |
|
|
|||||
|
INDUSTRIES ( %
of Growth ) : |
|||||
|
Agriculture |
|||||
|
Production of
Principal Crops |
3.25 |
(0.48) |
4.25 |
3.64 |
- |
|
Fish Supply
& Wholesale |
(1.93) |
(10.5) |
12.10 |
(0.5) |
- |
|
|
|||||
|
Manufacturing
* |
71.5 |
92.8 |
100.0 |
100.3 |
102.0 |
|
Food,
Beverages & Tobacco |
90.4 |
96.4 |
100.0 |
103.5 |
103.5 |
|
Textiles |
145.9 |
122.1 |
100.0 |
104.0 |
87.1 |
|
Wearing
Apparel |
211.0 |
123.3 |
100.0 |
92.1 |
77.8 |
|
Leather
Products & Footwear |
79.5 |
81.8 |
100.0 |
98.6 |
109.8 |
|
Wood &
Wood Products |
101.4 |
104.0 |
100.0 |
95.5 |
107.4 |
|
Paper &
Paper Products |
95.4 |
106.1 |
100.0 |
97.4 |
103.2 |
|
Printing &
Media |
100.9 |
103.5 |
100.0 |
93.0 |
86.1 |
|
Crude Oil
Refineries |
96.4 |
95.6 |
100.0 |
99.4 |
93.5 |
|
Chemical &
Chemical Products |
80.3 |
97.6 |
100.0 |
100.5 |
104.1 |
|
Pharmaceutical
Products |
49.1 |
75.3 |
100.0 |
109.7 |
107.2 |
|
Rubber &
Plastic Products |
101.2 |
112.3 |
100.0 |
96.5 |
92.9 |
|
Non-metallic
Mineral |
91.9 |
92.5 |
100.0 |
98.2 |
97.6 |
|
Basic Metals |
92.6 |
102.2 |
100.0 |
90.6 |
76.5 |
|
Fabricated Metal
Products |
90.8 |
103.6 |
100.0 |
104.3 |
105.1 |
|
Machinery
& Equipment |
57.3 |
78.5 |
100.0 |
112.9 |
114.5 |
|
Electrical
Machinery |
86.8 |
124.1 |
100.0 |
99.3 |
108.5 |
|
Electronic
Components |
85.2 |
113.6 |
100.0 |
90.6 |
94.3 |
|
Transport Equipment |
96.0 |
94.0 |
100.0 |
106.3 |
107.5 |
|
|
|||||
|
Construction |
(36.9) |
14.20 |
20.50 |
28.70 |
- |
|
Real Estate |
1.4 |
21.3 |
25.4 |
31.9 |
- |
|
|
|||||
|
Services |
|||||
|
Electricity,
Gas & Water |
1.70 |
4.00 |
7.00 |
6.30 |
- |
|
Transport,
Storage & Communication |
3.90 |
12.80 |
7.40 |
5.30 |
- |
|
Finance &
Insurance |
(16.4) |
(0.4) |
8.90 |
0.50 |
- |
|
Government
Services |
4.50 |
9.70 |
6.90 |
6.00 |
- |
|
Education
Services |
0.10 |
(0.9) |
(1.4) |
0.30 |
- |
|
|
|||||
|
* Based on
Index of Industrial Production (2011 = 100) |
INDUSTRY
ANALYSIS
|
|
|
INDUSTRY : |
TRADING |
|
The wholesale
and retail trade sector contracted by 1.5% in the fourth quarter of 2012, extending
the 0.2% decline in the preceding quarter. For the whole of 2012, the
sector declined by 0.7%, reversing the 1.6% growth in 2011. The sector was
weighed down primarily by the wholesale trade segment. In 2012, the
wholesale trade segment contracted by 1.0%, a reversal from the 1.4% growth
in 2011. Growth of the retail trade segment also moderated to 2.0%, from
3.2% in the year 2011. |
|
|
The domestic
wholesale trade index grew by 1.2% in the fourth quarter of 2012, an
improvement from the 5.4% decline in the third quarter. This was partly due
to an increase in the sales of chemicals & chemical products and ship
chandlers & bunkering. For the full year of 2012, the domestic
wholesale trade index contracted by 2.2%, extending the 1.7% decline in 2011.
The foreign wholesale trade index grew by 8.6% in the fourth quarter, an
increase from the 6.6% growth in the third quarter. The expansion was
partly due to resilient sales of petroleum & petroleum products. For
the whole of 2012, the foreign wholesale trade index expanded by 9.1%,
faster than the 4.3% increase in 2011. |
|
|
In the fourth
quarter of 2012, retail sales volume declined by 2.0%, extending the 0.3%
decline in the third quarter. Excluding motor vehicles, retail sales volume
grew by 0.4%, a slight moderation compared to the 1.5% gain in the third
quarter of 2012. The sales volume of motor vehicles fell by 11% in the
fourth quarter of 2012, after contracting by 6.1% in the third quarter. The
sales of several discretionary items also declined in the fourth quarter.
Besides, the sales of optical goods & books in 2012 fell by 3.6%, while
the sales of telecommunications apparatus & computers declined by 1.4%.
|
|
|
For 2012 as a whole,
retail sales volume grew by 1.3%, compared to the 2.0% expansion in 2011.
Excluding motor vehicle sales, the increase in retail sales volume also
moderated from 5.4% in 2011 to 1.7% in 2012. Medical goods & toiletries
registered the largest increase (9.3%) in sales, followed by
telecommunications apparatus & computers (6.9%). By contrast, the sales
of watches & jewellery (-2.2%) and optical goods & books (-3.6%)
declined. |
|
|
OVERALL
INDUSTRY OUTLOOK : AVERAGE GROWTH |
|
|
|
|
|
|
|
PROFIT
AND LOSS ACCOUNT
|
|
THE FINANCIAL
STATEMENTS WERE PREPARED IN ACCORDANCE WITH SINGAPORE FINANCIAL REPORTING
STANDARDS. |
|
GLOBE DIAMONDS
SINGAPORE PTE. LTD. |
|
Financial Year
End |
2013-03-31 |
|
Months |
9 |
|
Consolidated
Account |
Company |
|
Audited
Account |
YES |
|
Unqualified
Auditor's Report (Clean Opinion) |
YES |
|
Financial Type |
FULL |
|
Currency |
USD |
|
TURNOVER |
17,808,954 |
|
---------------- |
|
|
Total Turnover |
17,808,954 |
|
Costs of Goods
Sold |
(16,847,696) |
|
---------------- |
|
|
Gross Profit |
961,258 |
|
---------------- |
|
|
PROFIT/(LOSS)
FROM OPERATIONS |
832,706 |
|
---------------- |
|
|
PROFIT/(LOSS)
BEFORE TAXATION |
832,706 |
|
Taxation |
(97,514) |
|
---------------- |
|
|
PROFIT/(LOSS)
AFTER TAXATION |
735,192 |
|
---------------- |
|
|
PROFIT
AVAILABLE FOR APPROPRIATIONS |
735,192 |
|
---------------- |
|
|
RETAINED
PROFIT/(LOSS) CARRIED FORWARD |
735,192 |
|
============= |
|
|
INTEREST EXPENSE
(as per notes to P&L) |
|
|
Term loan /
Borrowing |
12,610 |
|
Others |
30 |
|
---------------- |
|
|
12,640 |
|
|
============= |
|
|
|
|
BALANCE
SHEET
|
|
GLOBE DIAMONDS
SINGAPORE PTE. LTD. |
|
ASSETS
EMPLOYED: |
|
|
FIXED ASSETS |
1,742,471 |
|
---------------- |
|
|
TOTAL LONG
TERM ASSETS |
1,742,471 |
|
Stocks |
2,671,649 |
|
Trade debtors |
5,433,063 |
|
Other debtors,
deposits & prepayments |
3,749 |
|
Amount due
from related companies |
7,067,783 |
|
Cash &
bank balances |
349,794 |
|
Amount owing
by shareholders |
12,079 |
|
---------------- |
|
|
TOTAL CURRENT
ASSETS |
15,538,117 |
|
---------------- |
|
|
TOTAL ASSET |
17,280,588 |
|
============= |
|
|
CURRENT
LIABILITIES |
|
|
Trade
creditors |
12,255,646 |
|
Other
creditors & accruals |
1,415,495 |
|
Short term
borrowings/Term loans |
58,032 |
|
Amounts owing
to related companies |
149 |
|
Amounts owing
to director |
1,369,010 |
|
Provision for
taxation |
97,514 |
|
---------------- |
|
|
TOTAL CURRENT
LIABILITIES |
15,195,846 |
|
---------------- |
|
|
NET CURRENT
ASSETS/(LIABILITIES) |
342,271 |
|
---------------- |
|
|
TOTAL NET
ASSETS |
2,084,742 |
|
============= |
|
|
SHARE CAPITAL |
|
|
Ordinary share
capital |
81,950 |
|
---------------- |
|
|
TOTAL SHARE
CAPITAL |
81,950 |
|
Retained
profit/(loss) carried forward |
735,192 |
|
---------------- |
|
|
TOTAL RESERVES |
735,192 |
|
---------------- |
|
|
SHAREHOLDERS'
FUNDS/EQUITY |
817,142 |
|
Long term
loans |
1,267,600 |
|
---------------- |
|
|
TOTAL LONG
TERM LIABILITIES |
1,267,600 |
|
---------------- |
|
|
2,084,742 |
|
|
============= |
|
|
|
|
FINANCIAL
RATIO
|
|
GLOBE DIAMONDS
SINGAPORE PTE. LTD. |
|
TYPES OF FUNDS |
|
|
Cash |
349,794 |
|
Net Liquid
Funds |
349,794 |
|
Net Liquid
Assets |
(2,329,378) |
|
Net Current
Assets/(Liabilities) |
342,271 |
|
Net Tangible
Assets |
2,084,742 |
|
Net Monetary
Assets |
(3,596,978) |
|
BALANCE SHEET
ITEMS |
|
|
Total
Borrowings |
1,325,632 |
|
Total
Liabilities |
16,463,446 |
|
Total Assets |
17,280,588 |
|
Net Assets |
2,084,742 |
|
Net Assets
Backing |
817,142 |
|
Shareholders'
Funds |
817,142 |
|
Total Share
Capital |
81,950 |
|
Total Reserves |
735,192 |
|
LIQUIDITY
(Times) |
|
|
Cash Ratio |
0.02 |
|
Liquid Ratio |
0.85 |
|
Current Ratio |
1.02 |
|
WORKING CAPITAL
CONTROL (Days) |
|
|
Stock Ratio |
55 |
|
Debtors Ratio |
111 |
|
Creditors
Ratio |
266 |
|
SOLVENCY
RATIOS (Times) |
|
|
Gearing Ratio |
1.62 |
|
Liabilities
Ratio |
20.15 |
|
Times Interest
Earned Ratio |
66.88 |
|
Assets Backing
Ratio |
25.44 |
|
PERFORMANCE
RATIO (%) |
|
|
Operating
Profit Margin |
4.68 |
|
Net Profit
Margin |
4.13 |
|
Return On Net
Assets |
40.55 |
|
Return On
Capital Employed |
40.55 |
|
Return On
Shareholders' Funds/Equity |
89.97 |
|
Dividend Pay
Out Ratio (Times) |
0.00 |
|
NOTES TO
ACCOUNTS |
|
|
Contingent
Liabilities |
0 |
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.62.28 |
|
|
1 |
Rs.96.21 |
|
Euro |
1 |
Rs.70.60 |
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.