|
Report No. : |
304893 |
|
Report Date : |
28.01.2015 |
IDENTIFICATION DETAILS
|
Name : |
YUAN SANG PTE LTD |
|
|
|
|
Registered Office : |
38, Woodlands Industrial Park E1, 02-18,
757700 |
|
|
|
|
Country : |
Singapore |
|
|
|
|
Financials (as on) : |
31.03.2014 |
|
|
|
|
Date of Incorporation : |
01.08.2001 |
|
|
|
|
Com. Reg. No.: |
200105081-R |
|
|
|
|
Legal Form : |
Exempt Private |
|
|
|
|
Line of Business : |
Trading of Dried Food, Seafood, and Other
Food Products. |
|
|
|
|
No. of Employee : |
40 [2015] |
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. |
: |
200105081-R |
||||
|
COMPANY NAME |
: |
YUAN SANG PTE LTD |
||||
|
FORMER NAME |
: |
N/A |
||||
|
INCORPORATION DATE |
: |
01/08/2001 |
||||
|
COMPANY STATUS |
: |
EXIST |
||||
|
LEGAL FORM |
: |
EXEMPT PRIVATE |
||||
|
LISTED STATUS |
: |
NO |
||||
|
REGISTERED ADDRESS |
: |
38, WOODLANDS INDUSTRIAL PARK E1, 02-18,
757700, SINGAPORE. |
||||
|
BUSINESS ADDRESS |
: |
BLOCK 16, PASIR PANJANG WHOLESALE CENTRE,
01-101 & 103, 110016, SINGAPORE. |
||||
|
TEL.NO. |
: |
65-67796677 |
||||
|
FAX.NO. |
: |
65-67791208 |
||||
|
WEB SITE |
: |
|||||
|
CONTACT PERSON |
: |
TAN KAY WHEE ( DIRECTOR ) |
||||
|
PRINCIPAL ACTIVITY |
: |
TRADING OF DRIED FOOD, SEAFOOD, AND OTHER
FOOD PRODUCTS |
||||
|
ISSUED AND PAID UP CAPITAL |
: |
540,000.00 ORDINARY SHARE, OF A VALUE OF
SGD 540,000.00 |
||||
|
SALES |
: |
SGD 35,496,408 [2014] |
||||
|
NET WORTH |
: |
SGD 8,175,081 [2014] |
||||
|
STAFF STRENGTH |
: |
40 [2015] |
||||
|
||||||
|
LITIGATION |
: |
CLEAR |
||||
|
FINANCIAL CONDITION |
: |
STRONG |
||||
|
PAYMENT |
: |
N/A |
||||
|
MANAGEMENT CAPABILITY |
: |
AVERAGE |
||||
|
COMMERCIAL RISK |
: |
LOW |
||||
|
CURRENCY EXPOSURE |
: |
MODERATE |
||||
|
GENERAL REPUTATION |
: |
SATISFACTORY |
||||
The Subject is an exempt private company
whose shares are not held by any corporate body and has no more than 20
shareholders who are all natural persons. An exempt company is a type of
private limited company. 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, suing or be sued by other companies. An
exempt private company with an annual turnover of less than SGD5 million are
exempted from statutory auditing requirements. Instead of filing audited annual
accounts, the Subject has to file in a document duly signed by its director in
charge of its finance and the company secretary stating that the Subject is
able to meet all its obligations as and when they fall due. The Subject is not
required to have their accounts audited. However, the Subject will prepare
unaudited accounts for purposes of AGMs and filing with Registry Office if it
is unable to meet all its obligations as and when they fall due .
The Subject is principally engaged in the (as
a / as an) trading of dried food, seafood, and other food products.
Share Capital History
|
Date |
Issue & Paid Up Capital |
|
23/01/2015 |
SGD 540,000.00 |
The major shareholder(s) of the Subject are shown as follows :
Name |
Address |
IC/PP/Loc No |
Shareholding |
(%) |
|
TAN KAY WHEE + |
110, BUKIT MERAH VIEW, 13-558, 150110,
SINGAPORE. |
S1409979D |
120,000.00 |
22.22 |
|
TAN KAY YEOW + |
402, BUKIT BATOK WEST AVENUE 7, 06-26,
650402, SINGAPORE. |
S0301715Z |
120,000.00 |
22.22 |
|
TAN KAY LIAN + |
41, PASIR PANJANG HILL, 02-08, HORIZON
RESIDENCES, 118862, SINGAPORE. |
S1497851H |
120,000.00 |
22.22 |
|
KOH LAY HAN + |
120, KIM TIAN PLACE, 24-60, 160120,
SINGAPORE. |
S1744500F |
60,000.00 |
11.11 |
|
TAN SIEW KNG + |
441B, CLEMENTI AVENUE 3, 37-13, 122441,
SINGAPORE. |
S1232138D |
60,000.00 |
11.11 |
|
LAU SUAN CHIANG + |
264C, COMPASSVALE BOW, 543264, SINGAPORE. |
S0282067F |
60,000.00 |
11.11 |
|
--------------- |
------ |
|||
|
540,000.00 |
100.00 |
|||
|
============ |
===== |
+ Also Director
DIRECTOR 1
|
Name Of Subject |
: |
TAN SIEW KNG |
|
Address |
: |
441B, CLEMENTI AVENUE 3, 37-13, 122441, SINGAPORE. |
|
IC / PP No |
: |
S1232138D |
|
Nationality |
: |
SINGAPOREAN |
|
Date of Appointment |
: |
01/08/2001 |
DIRECTOR 2
|
Name Of Subject |
: |
KOH LAY HAN |
|
Address |
: |
120, KIM TIAN PLACE, 24-60, 160120,
SINGAPORE. |
|
IC / PP No |
: |
S1744500F |
|
Nationality |
: |
SINGAPOREAN |
|
Date of Appointment |
: |
01/08/2001 |
DIRECTOR 3
|
Name Of Subject |
: |
LAU SUAN CHIANG |
|
Address |
: |
264C, COMPASSVALE BOW, 543264, SINGAPORE. |
|
IC / PP No |
: |
S0282067F |
|
Nationality |
: |
SINGAPOREAN |
|
Date of Appointment |
: |
30/07/2006 |
DIRECTOR 4
|
Name Of Subject |
: |
TAN KAY YEOW |
|
Address |
: |
402, BUKIT BATOK WEST AVENUE 7, 06-26,
650402, SINGAPORE. |
|
IC / PP No |
: |
S0301715Z |
|
Nationality |
: |
SINGAPOREAN |
|
Date of Appointment |
: |
01/08/2001 |
DIRECTOR 5
|
Name Of Subject |
: |
TAN KAY WHEE |
|
Address |
: |
110, BUKIT MERAH VIEW, 13-558, 150110,
SINGAPORE. |
|
IC / PP No |
: |
S1409979D |
|
Nationality |
: |
SINGAPOREAN |
|
Date of Appointment |
: |
01/08/2001 |
DIRECTOR 6
|
Name Of Subject |
: |
TAN KAY LIAN |
|
Address |
: |
41, PASIR PANJANG HILL, 02-08, HORIZON
RESIDENCES, 118862, SINGAPORE. |
|
IC / PP No |
: |
S1497851H |
|
Nationality |
: |
SINGAPOREAN |
|
Date of Appointment |
: |
01/08/2001 |
|
1) |
Name of Subject |
: |
TAN KAY WHEE |
|
Position |
: |
DIRECTOR |
|
Auditor |
: |
LIEW KEOW SENG PUBLIC ACCOUNTING
CORPORATION |
|
Auditor' Address |
: |
N/A |
|
1) |
Company Secretary |
: |
HO KIM SAI |
|
IC / PP No |
: |
S0089911I |
|
|
Address |
: |
50, FOWLIE ROAD, 428495, SINGAPORE. |
|
Banking relations are maintained principally
with :
|
1) |
Name |
: |
CITIBANK N.A. |
|
Charge No |
Creation Date |
Charge Description |
Chargee Name |
Total Charge |
Status |
|
C201003532 |
28/04/2010 |
N/A |
CITIBANK N.A. |
- |
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 |
: |
YES |
|
Overseas |
: |
YES |
|
Local |
: |
YES |
|||
|
Domestic Markets |
: |
SINGAPORE |
|||
|
Overseas |
: |
YES |
|||
|
Export Market |
: |
WORLDWIDE |
|||
|
Credit Term |
: |
N/A |
|||
|
Payment Mode |
: |
CHEQUES |
|||
|
Goods Traded |
: |
DRIED FOOD SEAFOOD |
|
Total Number of Employees: |
|||||||||
|
YEAR |
2015 |
2014 |
|||||||
|
GROUP |
N/A |
N/A |
|||||||
|
COMPANY |
40 |
40 |
|||||||
|
Branch |
: |
NO |
Other Information:
The Subject is principally engaged in the (as a / as an) trading of dried food,
seafood, and other food products.
The Subject sells food stuff.
The Subject mainly sells dried sea food.
The Subject mainly trades with dried seafood products like dried shrimps,
anchovies, ikan bilis, salted fish, dried scallop, dried cuttlefish and
flatfish etc.
The Subject also trades dried food products like mushrooms and various spices.
Latest fresh investigations carried out on
the Subject indicated that :
|
Telephone Number Provided By Client |
: |
N/A |
|
Current Telephone Number |
: |
65-67796677 |
|
Match |
: |
N/A |
|
Address Provided by Client |
: |
38 WOODLANDS INDUSTRIAL PARK EL HEX 02-18
SINGAPORE 757700 |
|
Current Address |
: |
BLOCK 16, PASIR PANJANG WHOLESALE CENTRE,
01-101 & 103, 110016, SINGAPORE. |
|
Match |
: |
NO |
Other Investigations
On 23rd January 2015 we contacted one of the staff from the Subject and she
provided some information.
The address provided belongs to the Subject's warehouse.
|
Profitability |
||||||
|
Return on Shareholder Funds |
: |
Acceptable |
[ |
21.00% |
] |
|
|
Return on Net Assets |
: |
Acceptable |
[ |
23.50% |
] |
|
|
The Subject's management had generated
acceptable return for its shareholders using its assets. |
||||||
|
Liquidity |
||||||
|
Current Ratio |
: |
Favourable |
[ |
2.19 Times |
] |
|
|
The Subject was in good liquidity position
with its current liabilities well covered by its current assets.
With its net current assets, the Subject should be able to repay its short
term obligations. |
||||||
|
Solvency |
||||||
|
Liability Ratio |
: |
Favourable |
[ |
0.71 Times |
] |
|
|
A low liabilities ratio has minimised the
Subject's financial risk. |
||||||
|
Overall Assessment : |
||||||
|
The Subject was in good liquidity position
with its total current liabilities well covered by its total current assets.
With its current net assets, the Subject should be able to repay its short
term obligations. The Subject has a low liabilities ratio. It's liabilities
were low and was not vulnerable to the financial risk. |
||||||
|
Overall financial condition of the Subject
: STRONG |
||||||
|
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 |
|
Incorporated in 2001, the Subject is an Exempt Private company, focusing on
trading of dried food, seafood, and other food products. 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. Presently, the issued and paid up capital
of the Subject stands at SGD 540,000. We considered that the Subject's business
position in the market is much dependent on the efforts of its directors.
Over the years, the Subject has penetrated into both the local and overseas
market. The Subject has positioned itself in the global market and is competing
in the industry. Its stable clientele base will enable the Subject to further
enhance its business in the near term. The Subject is operating on a medium
scale and it has approximately 40 employees in its business operations.
Overall, we regard that the Subject's management capability is average. This
indicates that the Subject has greater potential to improve its business
performance and raising income for the Subject.
The Subject has generated its turnover of SGD 35,496,408 and its pre-tax profit
of SGD 2,019,299. Return on shareholders' funds of the Subject was at an
acceptable range which indicated that the management was efficient in utilising
its funds to generate income. The Subject is in good liquidity position with
its current liabilities well covered by it current assets. Hence, it has
sufficient working capital to meet its short term financial obligations. A low
liabilities ratio has minimised the Subject's financial risk. Given a positive
net worth standing at SGD 8,175,081, the Subject should be able to maintain its
business in the near terms.
Having a strong assets backing, the Subject possesses latent assets as
collateral for further financial extension. Hence, it has good chance of
getting loans if the needs arises. The Subject's supplier are from both the
local and overseas countries. This will eliminates the risk of dependency on
deliveries from a number of key suppliers and insufficient quantities of its
raw materials. Overall the Subject has a good control over its resources.
The industry shows an upward trend and this trend is very likely to sustain in
the near terms. Hence, the Subject is expected to benefit from the favourable
outlook of the industry.
Based on the above condition, we recommend credit be granted to the Subject
promptly.
THE FINANCIAL STATEMENTS WERE PREPARED IN
ACCORDANCE WITH SINGAPORE FINANCIAL REPORTING STANDARDS.
|
Financial Year End |
2014-03-31 |
|
Months |
12 |
|
Consolidated Account |
Company |
|
Audited Account |
YES |
|
Unqualified Auditor's Report (Clean
Opinion) |
YES |
|
Financial Type |
SUMMARY |
|
Currency |
SGD |
|
TURNOVER |
35,496,408 |
|
---------------- |
|
|
Total Turnover |
35,496,408 |
|
---------------- |
|
|
PROFIT/(LOSS) FROM OPERATIONS |
2,019,299 |
|
---------------- |
|
|
PROFIT/(LOSS) BEFORE TAXATION |
2,019,299 |
|
Taxation |
(302,485) |
|
---------------- |
|
|
PROFIT/(LOSS) AFTER TAXATION |
1,716,814 |
|
---------------- |
|
|
RETAINED PROFIT/(LOSS) BROUGHT FORWARD |
|
|
As previously reported |
5,918,267 |
|
---------------- |
|
|
As restated |
5,918,267 |
|
---------------- |
|
|
PROFIT AVAILABLE FOR APPROPRIATIONS |
7,635,081 |
|
---------------- |
|
|
RETAINED PROFIT/(LOSS) CARRIED FORWARD |
7,635,081 |
|
ASSETS EMPLOYED: |
|
|
FIXED ASSETS |
2,128,339 |
|
---------------- |
|
|
TOTAL LONG TERM ASSETS |
2,128,339 |
|
TOTAL CURRENT ASSETS |
11,891,214 |
|
---------------- |
|
|
TOTAL ASSET |
14,019,553 |
|
============= |
|
|
TOTAL CURRENT LIABILITIES |
5,427,192 |
|
---------------- |
|
|
NET CURRENT ASSETS/(LIABILITIES) |
6,464,022 |
|
---------------- |
|
|
TOTAL NET ASSETS |
8,592,361 |
|
============= |
|
|
SHARE CAPITAL |
|
|
Ordinary share capital |
540,000 |
|
---------------- |
|
|
TOTAL SHARE CAPITAL |
540,000 |
|
Retained profit/(loss) carried forward |
7,635,081 |
|
Others |
0 |
|
---------------- |
|
|
TOTAL RESERVES |
7,635,081 |
|
---------------- |
|
|
SHAREHOLDERS' FUNDS/EQUITY |
8,175,081 |
|
TOTAL LONG TERM LIABILITIES |
417,280 |
|
---------------- |
|
|
8,592,361 |
|
|
============= |
|
|
TYPES OF FUNDS |
|
|
Net Liquid Assets |
6,464,022 |
|
Net Current Assets/(Liabilities) |
6,464,022 |
|
Net Tangible Assets |
8,592,361 |
|
Net Monetary Assets |
6,046,742 |
|
BALANCE SHEET ITEMS |
|
|
Total Liabilities |
5,844,472 |
|
Total Assets |
14,019,553 |
|
Net Assets |
8,592,361 |
|
Net Assets Backing |
8,175,081 |
|
Shareholders' Funds |
8,175,081 |
|
Total Share Capital |
540,000 |
|
Total Reserves |
7,635,081 |
|
LIQUIDITY (Times) |
|
|
Current Ratio |
2.19 |
|
SOLVENCY RATIOS (Times) |
|
|
Liabilities Ratio |
0.71 |
|
Assets Backing Ratio |
15.91 |
|
PERFORMANCE RATIO (%) |
|
|
Operating Profit Margin |
5.69 |
|
Net Profit Margin |
4.84 |
|
Return On Net Assets |
23.50 |
|
Return On Capital Employed |
23.50 |
|
Return On Shareholders' Funds/Equity |
21.00 |
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.61.46 |
|
|
1 |
Rs.92.77 |
|
Euro |
1 |
Rs.69.03 |
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.