|
Report No. : |
304536 |
|
Report Date : |
23.01.2015 |
IDENTIFICATION DETAILS
|
Name : |
TAKASO INDUSTRIES PTE. LTD. |
|
|
|
|
Registered Office : |
7, Yishun Industrial Street 1, 05 - 43,
North Spring Bizhub, 768162 |
|
|
|
|
Country : |
Singapore |
|
|
|
|
Financials (as on) : |
31.07.2014 |
|
|
|
|
Date of Incorporation : |
12.11.2011 |
|
|
|
|
Com. Reg. No.: |
201133079-W |
|
|
|
|
Legal Form : |
Private Limited |
|
|
|
|
Line of Business : |
Trading of Cable Support System and
Equipments |
|
|
|
|
No. of Employee : |
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 – 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 |
|
REGISTRATION NO. |
: |
201133079-W |
|
COMPANY NAME |
: |
TAKASO INDUSTRIES PTE. LTD. |
|
FORMER NAME |
: |
N/A |
|
INCORPORATION DATE |
: |
12/11/2011 |
|
COMPANY STATUS |
: |
EXIST |
|
LEGAL FORM |
: |
PRIVATE LIMITED |
|
LISTED STATUS |
: |
NO |
|
REGISTERED ADDRESS |
: |
7, YISHUN INDUSTRIAL STREET 1, 05 - 43,
NORTH SPRING BIZHUB, 768162, SINGAPORE. |
|
BUSINESS ADDRESS |
: |
7 YISHUN INDUSTRIAL STREET 1,#05-43
NORTHSPRING BIZHUB, 768162, SINGAPORE. |
|
TEL.NO. |
: |
65-63368386 |
|
FAX.NO. |
: |
65-63361822 |
|
CONTACT PERSON |
: |
SU SEONG YEEN ( DIRECTOR ) |
|
PRINCIPAL ACTIVITY |
: |
TRADING OF CABLE SUPPORT SYSTEM AND
EQUIPMENTS |
|
ISSUED AND PAID UP CAPITAL |
: |
100,000.00 ORDINARY SHARE, OF A VALUE OF
SGD 100,000.00 |
|
SALES |
: |
SGD 4,765,137 [2014] |
|
NET WORTH |
: |
SGD 531,911 [2014] |
|
STAFF STRENGTH |
: |
n/a [2014] |
|
LITIGATION |
: |
TRACED |
|
FINANCIAL CONDITION |
: |
STABLE |
|
PAYMENT |
: |
AVERAGE |
|
MANAGEMENT CAPABILITY |
: |
AVERAGE |
|
COMMERCIAL RISK |
: |
LOW |
|
CURRENCY EXPOSURE |
: |
MODERATE |
|
GENERAL REPUTATION |
: |
SATISFACTORY |
|
INDUSTRY OUTLOOK |
: |
AVERAGE 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) trading of cable support system and equipments
.
Share Capital History
|
Date |
Issue & Paid Up Capital |
|
22/01/2015 |
SGD 100,000.00 |
The major shareholder(s) of the Subject are
shown as follows :
Name |
Address |
IC/PP/Loc No |
Shareholding |
(%) |
|
TAKASO RESOURCES BHD |
MALAYSIA |
T03UF0678L |
100,000.00 |
100.00 |
|
--------------- |
------ |
|||
|
100,000.00 |
100.00 |
|||
|
============ |
===== |
+ Also Director
DIRECTOR 1
|
Name Of Subject |
: |
SU SEONG YEEN |
|
Address |
: |
7, TAMAN MELATI, RAUB, PAHANG, 27600 RAUB,
PAHANG, MALAYSIA. |
|
IC / PP No |
: |
A25295446 |
|
Nationality |
: |
MALAYSIAN |
|
Date of Appointment |
: |
07/03/2013 |
DIRECTOR 2
|
Name Of Subject |
: |
LEW WAI KONG |
|
Address |
: |
475, JURONG WEST STREET, 41, 02-378,
640475, SINGAPORE. |
|
IC / PP No |
: |
S8070004J |
|
Nationality |
: |
SINGAPOREAN |
|
Date of Appointment |
: |
12/11/2011 |
|
1) |
Name of Subject |
: |
SU SEONG YEEN |
|
Position |
: |
DIRECTOR |
|
Auditor |
: |
CHONG, LIM & PARTNERS LLP |
|
Auditor' Address |
: |
N/A |
|
1) |
Company Secretary |
: |
LEE YAN TECK |
|
IC / PP No |
: |
S1252200B |
|
|
Address |
: |
17, MARINE TERRACE, 15-84, 440017,
SINGAPORE. |
|
No Banker found in our databank.
No encumbrance was found in our databank at the time of investigation.
* A check has been conducted in our databank against the Subject whether the
subject has been involved in any litigation.
|
LEGAL ACTION |
|
||||||||||||
|
|||||||||||||
|
Code No |
: |
99 |
Case No |
: |
10548 |
||||||||
|
Year |
: |
2014 |
Place |
: |
SINGAPORE |
||||||||
|
Court |
: |
MAGISTRATE COURT |
|||||||||||
|
Date Filed |
: |
05/06/2014 |
|||||||||||
|
Solicitor |
: |
ANJALLI D/O MUNIANDY |
|||||||||||
|
Solicitor Firm |
: |
VISION LAW LLC |
|||||||||||
|
Plaintiff |
: |
CONTRACTOR PTE LTD |
|||||||||||
|
Defendants |
: |
|
|||||||||||
|
Amount Claimed |
: |
6310 |
|||||||||||
|
Nature of Claim |
: |
SGD |
|||||||||||
|
Remark |
: |
NEGLIGENCE |
|||||||||||
|
No winding up petition was found in our
databank |
|
SOURCES OF RAW MATERIALS: |
||
|
Local |
: |
YES |
|
Overseas |
: |
YES |
The Subject refused to provide any name of trade/service supplier and we are unable
to conduct any trade enquiry. However, from financial historical data we
conclude that :
|
OVERALL PAYMENT HABIT |
||||||||||||||
|
Prompt 0-30 Days |
[ |
] |
Good 31-60 Days |
[ |
] |
Average 61-90 Days |
[ |
X |
] |
|||||
|
Fair 91-120 Days |
[ |
] |
Poor >120 Days |
[ |
] |
|||||||||
CLIENTELE
|
Local |
: |
YES |
|||
|
Domestic Markets |
: |
SINGAPORE |
|||
|
Overseas |
: |
YES |
|||
|
Export Market |
: |
ASIA |
|||
|
Credit Term |
: |
N/A |
|||
|
Payment Mode |
: |
CHEQUES |
|||
|
Goods Traded |
: |
CABLE SUPPORT SYSTEM AND EQUIPMENTS |
|
|
Total Number of Employees: |
|||||||||
|
YEAR |
2014 |
||||||||
|
COMPANY |
n/a |
||||||||
|
Branch |
: |
NO |
Other Information:
The Subject is principally engaged in the (as a / as an) trading of cable
support system and equipments.
The Subject is a major supplier of cable support system such as cable trunking,
trays and ladders.
The Subject also supplies high quality conduits and conduit fittings.
Latest fresh investigations carried out on
the Subject indicated that :
|
Telephone Number Provided By Client |
: |
N/A |
|
Current Telephone Number |
: |
65-63368386 |
|
Match |
: |
N/A |
|
Address Provided by Client |
: |
7 YISHUN INDUSTRIAL STREET 1,#05-43
NORTHSPRING BIZHUB, SINGAPORE-768162. |
|
Current Address |
: |
7 YISHUN INDUSTRIAL STREET 1,#05-43 NORTHSPRING
BIZHUB, 768162, SINGAPORE. |
|
Match |
: |
YES |
Other Investigations
On 22nd January 2015 we contacted one of the staff from the Subject and she
provided some information.
|
Profitability |
||||||
|
Turnover |
: |
Increased |
[ |
75.20% |
] |
|
|
Profit/(Loss) Before Tax |
: |
Decreased |
[ |
(1,559.59%) |
] |
|
|
Return on Shareholder Funds |
: |
Favourable |
[ |
54.95% |
] |
|
|
Return on Net Assets |
: |
Favourable |
[ |
47.17% |
] |
|
|
The increase in turnover could be due to
the Subject adopting an aggressive marketing strategy.The management had
succeeded in turning the Subject into a profit making company. The profit
could be due to better control of its operating costs and efficiency in
utilising its resources. Generally the Subject was profitable. The favourable
return on shareholders' funds and return on net assets indicate that the
Subject's management was efficient in utilising the assets to generate
returns. |
||||||
|
Working Capital Control |
||||||
|
Stock Ratio |
: |
Favourable |
[ |
22 Days |
] |
|
|
Debtor Ratio |
: |
Unfavourable |
[ |
121 Days |
] |
|
|
Creditors Ratio |
: |
Favourable |
[ |
31 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 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 |
[ |
1.10 Times |
] |
|
|
Current Ratio |
: |
Unfavourable |
[ |
1.29 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 |
: |
Favourable |
[ |
47.87 Times |
] |
|
|
Gearing Ratio |
: |
Favourable |
[ |
0.30 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 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. 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. With the favourable interest cover, the Subject could be able to
service all the accrued interest without facing any difficulties. 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
: STABLE |
||||||
|
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 : |
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 |
|
|
THE FINANCIAL STATEMENTS WERE PREPARED IN
ACCORDANCE WITH SINGAPORE FINANCIAL REPORTING STANDARDS. |
|
Financial Year End |
2014-07-31 |
2013-07-31 |
|
Months |
12 |
12 |
|
Consolidated Account |
Company |
Company |
|
Audited Account |
YES |
YES |
|
Unqualified Auditor's Report (Clean
Opinion) |
YES |
YES |
|
Financial Type |
FULL |
FULL |
|
Currency |
SGD |
SGD |
|
TURNOVER |
4,765,137 |
2,719,759 |
|
Other Income |
53,466 |
3,340 |
|
---------------- |
---------------- |
|
|
Total Turnover |
4,818,603 |
2,723,099 |
|
---------------- |
---------------- |
|
|
PROFIT/(LOSS) FROM OPERATIONS |
319,022 |
(21,857) |
|
---------------- |
---------------- |
|
|
PROFIT/(LOSS) BEFORE TAXATION |
319,022 |
(21,857) |
|
Taxation |
(26,719) |
1,352 |
|
---------------- |
---------------- |
|
|
PROFIT/(LOSS) AFTER TAXATION |
292,303 |
(20,505) |
|
---------------- |
---------------- |
|
|
RETAINED PROFIT/(LOSS) BROUGHT FORWARD |
||
|
As previously reported |
54,713 |
75,218 |
|
---------------- |
---------------- |
|
|
As restated |
54,713 |
75,218 |
|
---------------- |
---------------- |
|
|
PROFIT AVAILABLE FOR APPROPRIATIONS |
347,016 |
54,713 |
|
---------------- |
---------------- |
|
|
RETAINED PROFIT/(LOSS) CARRIED FORWARD |
347,016 |
54,713 |
|
============= |
============= |
|
|
INTEREST EXPENSE (as per notes to P&L) |
||
|
Lease interest |
6,730 |
5,232 |
|
Term loan / Borrowing |
76 |
2,251 |
|
---------------- |
---------------- |
|
|
6,806 |
7,483 |
|
|
============= |
============= |
|
ASSETS EMPLOYED: |
||
|
FIXED ASSETS |
242,519 |
95,898 |
|
---------------- |
---------------- |
|
|
TOTAL LONG TERM ASSETS |
242,519 |
95,898 |
|
Stocks |
290,933 |
70,841 |
|
Trade debtors |
1,582,883 |
859,088 |
|
Other debtors, deposits & prepayments |
52,881 |
7,640 |
|
Cash & bank balances |
53,185 |
161,445 |
|
---------------- |
---------------- |
|
|
TOTAL CURRENT ASSETS |
1,979,882 |
1,099,014 |
|
---------------- |
---------------- |
|
|
TOTAL ASSET |
2,222,401 |
1,194,912 |
|
============= |
============= |
|
|
CURRENT LIABILITIES |
||
|
Trade creditors |
401,775 |
351,602 |
|
Other creditors & accruals |
38,611 |
53,641 |
|
Amounts owing to holding company |
956,320 |
461,340 |
|
Amounts owing to director |
75,000 |
- |
|
Provision for taxation |
22,335 |
- |
|
Lease payables |
37,548 |
13,055 |
|
---------------- |
---------------- |
|
|
TOTAL CURRENT LIABILITIES |
1,531,589 |
879,638 |
|
---------------- |
---------------- |
|
|
NET CURRENT ASSETS/(LIABILITIES) |
448,293 |
219,376 |
|
---------------- |
---------------- |
|
|
TOTAL NET ASSETS |
690,812 |
315,274 |
|
============= |
============= |
|
|
SHARE CAPITAL |
||
|
Ordinary share capital |
100,000 |
100,000 |
|
---------------- |
---------------- |
|
|
TOTAL SHARE CAPITAL |
100,000 |
100,000 |
|
Retained profit/(loss) carried forward |
347,016 |
54,713 |
|
Employee share option reserve |
84,895 |
84,895 |
|
---------------- |
---------------- |
|
|
TOTAL RESERVES |
431,911 |
139,608 |
|
---------------- |
---------------- |
|
|
SHAREHOLDERS' FUNDS/EQUITY |
531,911 |
239,608 |
|
Lease obligations |
158,901 |
75,666 |
|
---------------- |
---------------- |
|
|
TOTAL LONG TERM LIABILITIES |
158,901 |
75,666 |
|
---------------- |
---------------- |
|
|
690,812 |
315,274 |
|
|
============= |
============= |
|
|
TYPES OF FUNDS |
||
|
Cash |
53,185 |
161,445 |
|
Net Liquid Funds |
53,185 |
161,445 |
|
Net Liquid Assets |
157,360 |
148,535 |
|
Net Current Assets/(Liabilities) |
448,293 |
219,376 |
|
Net Tangible Assets |
690,812 |
315,274 |
|
Net Monetary Assets |
(1,541) |
72,869 |
|
BALANCE SHEET ITEMS |
||
|
Total Borrowings |
158,901 |
75,666 |
|
Total Liabilities |
1,690,490 |
955,304 |
|
Total Assets |
2,222,401 |
1,194,912 |
|
Net Assets |
690,812 |
315,274 |
|
Net Assets Backing |
531,911 |
239,608 |
|
Shareholders' Funds |
531,911 |
239,608 |
|
Total Share Capital |
100,000 |
100,000 |
|
Total Reserves |
431,911 |
139,608 |
|
LIQUIDITY (Times) |
||
|
Cash Ratio |
0.03 |
0.18 |
|
Liquid Ratio |
1.10 |
1.17 |
|
Current Ratio |
1.29 |
1.25 |
|
WORKING CAPITAL CONTROL (Days) |
||
|
Stock Ratio |
22 |
10 |
|
Debtors Ratio |
121 |
115 |
|
Creditors Ratio |
31 |
47 |
|
SOLVENCY RATIOS (Times) |
||
|
Gearing Ratio |
0.30 |
0.32 |
|
Liabilities Ratio |
3.18 |
3.99 |
|
Times Interest Earned Ratio |
47.87 |
(1.92) |
|
Assets Backing Ratio |
6.91 |
3.15 |
|
PERFORMANCE RATIO (%) |
||
|
Operating Profit Margin |
6.69 |
(0.80) |
|
Net Profit Margin |
6.13 |
(0.75) |
|
Return On Net Assets |
47.17 |
(4.56) |
|
Return On Capital Employed |
47.17 |
(4.56) |
|
Return On Shareholders' Funds/Equity |
54.95 |
(8.56) |
|
Dividend Pay Out Ratio (Times) |
0.00 |
0.00 |
|
NOTES TO ACCOUNTS |
||
|
Contingent Liabilities |
0 |
0 |
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.61.69 |
|
|
1 |
Rs.93.33 |
|
Euro |
1 |
Rs.71.49 |
INFORMATION DETAILS
|
Analysis Done by
: |
RAS |
|
|
|
|
Report Prepared
by : |
ANK |
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.