|
Report No. : |
330110 |
|
Report Date : |
09.07.2015 |
IDENTIFICATION DETAILS
|
Name : |
ENTROCOMPONENT SOLUTIONS SINGAPORE PTE. LTD. |
|
|
|
|
Registered Office : |
3, Kaki Bukit Crescent, 01-01, 416237 |
|
|
|
|
Country : |
Singapore |
|
|
|
|
Financials (as on) : |
31.12.2013 |
|
|
|
|
Date of Incorporation : |
24.09.2008 |
|
|
|
|
Com. Reg. No.: |
200818813-W |
|
|
|
|
Legal Form : |
Private Limited |
|
|
|
|
Line of Business : |
Manufacture of Precision Die Casting Products |
|
|
|
|
No. of Employee : |
33 |
RATING & COMMENTS
|
MIRA’s Rating : |
B |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively below
average. |
Small |
|
Status : |
Moderate |
|
Payment Behaviour : |
Slow but correct |
|
Litigation : |
Clear |
NOTES :
Any query related to this report can be made
on e-mail : infodept@mirainform.com
while quoting report number, name and date.
ECGC Country Risk Classification List – March 31, 2015
|
Country Name |
Previous Rating (31.12.2014) |
Current Rating (31.03.2015) |
|
Singapore |
A1 |
A1 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
|
Moderate |
B1 |
|
High |
B2 |
|
Very High |
C1 |
|
Restricted |
C2 |
|
Off-credit |
D |
SINGAPORE - ECONOMIC OVERVIEW
Singapore has a highly developed and successful free-market economy.
It enjoys a remarkably open and corruption-free environment, stable prices, and
a per capita GDP higher than that of most developed countries. Unemployment is
very low. The economy depends heavily on exports, particularly of consumer
electronics, information technology products, medical and optical devices,
pharmaceuticals, and on its vibrant transportation, business, and financial
services sectors. The economy contracted 0.6% in 2009 as a result of the global
financial crisis, but has continued to grow since 2010 on the strength of
renewed exports. Growth in 2014 was slower at 2.9%, largely a result of soft
demand for exports amid a sluggish global economy and weak growth in
Singapore’s manufacturing sector. The government is attempting to restructure
Singapore’s economy by weaning its dependence on foreign labor, addressing weak
productivity, and increasing Singaporean wages. Singapore has attracted major
investments in pharmaceuticals and medical technology production and will
continue efforts to strengthen its position as Southeast Asia's leading
financial and high-tech hub. Singapore is a member of the 12-nation
Trans-Pacific Partnership free trade negotiations, the Regional Comprehensive
Economic Partnership negotiations with the nine other ASEAN members plus
Australia, China, India, Japan, South Korea and New Zealand, and in 2015,
Singapore will form, with the other ASEAN members, the ASEAN Economic
Community.
|
Source
: CIA |
|
REGISTRATION NO. |
: |
200818813-W |
|
COMPANY NAME |
: |
ENTROCOMPONENT SOLUTIONS SINGAPORE PTE. LTD. |
|
FORMER NAME |
: |
N/A |
|
INCORPORATION DATE |
: |
24/09/2008 |
|
COMPANY STATUS |
: |
EXIST |
|
LEGAL FORM |
: |
PRIVATE LIMITED |
|
LISTED STATUS |
: |
NO |
|
REGISTERED ADDRESS |
: |
3, KAKI BUKIT CRESCENT, 01-01, 416237, SINGAPORE. |
|
BUSINESS ADDRESS |
: |
3, KAKI BUKIT CRESCENT, 01-01, 416237, SINGAPORE. |
|
TEL.NO. |
: |
65-67429912 |
|
FAX.NO. |
: |
65-65475431 |
|
WEB SITE |
: |
WWW.ENTROCOMPONENT.COM |
|
CONTACT PERSON |
: |
YEW AH MING ( DIRECTOR ) |
|
PRINCIPAL ACTIVITY |
: |
MANUFACTURE OF PRECISION DIE CASTING PRODUCTS |
|
ISSUED AND PAID UP CAPITAL |
: |
10,000.00 ORDINARY SHARE, OF A VALUE OF SGD 10,000.00 |
|
SALES |
: |
USD 6,316,029 [2013] |
|
NET WORTH |
: |
USD 2,632,883 [2013] |
|
STAFF STRENGTH |
: |
33 [2015] |
|
LITIGATION |
: |
CLEAR |
|
FINANCIAL CONDITION |
: |
LIMITED |
|
PAYMENT |
: |
AVERAGE |
|
MANAGEMENT CAPABILITY |
: |
AVERAGE |
|
COMMERCIAL RISK |
: |
N/A |
|
CURRENCY EXPOSURE |
: |
N/A |
|
GENERAL REPUTATION |
: |
SATISFACTORY |
|
INDUSTRY OUTLOOK |
: |
MATURE |
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) manufacture of
precision die casting products.
Share Capital History
|
Date |
Issue & Paid Up Capital |
|
03/07/2015 |
SGD 10,000.00 |
The major shareholder(s) of the Subject are shown as follows :
|
Name |
Address |
IC/PP/Loc No |
Shareholding |
(%) |
|
ACRATHON PRECISION TECHNOLOGIES (HK) LIMITED |
UNIT 06-07, 17/F, APEC PLAZA, 49 HOI YUEN ROAD, KWUN TONG, KOWLOON,
HONDURAS. |
011002 |
10,000.00 |
100.00 |
|
--------------- |
------ |
|||
|
10,000.00 |
100.00 |
|||
|
============ |
===== |
+ Also Director
DIRECTOR 1
|
Name Of Subject |
: |
YEW AH MING |
|
Address |
: |
44B, LORONG G TELOK KURAU, 426220, SINGAPORE. |
|
IC / PP No |
: |
S0039714H |
|
Nationality |
: |
SINGAPOREAN |
|
Date of Appointment |
: |
11/10/2013 |
DIRECTOR 2
|
Name Of Subject |
: |
ALBERT ONG KIM GUAN |
|
Address |
: |
93, PEMIMPIN PLACE, CORAL PARK, 576090, SINGAPORE. |
|
IC / PP No |
: |
S2563503E |
|
Nationality |
: |
SINGAPOREAN |
|
Date of Appointment |
: |
11/10/2013 |
DIRECTOR 3
|
Name Of Subject |
: |
WING SUN CLARENCE LO |
|
Address |
: |
61/105 SOI 20 VIPHAWADEE RANGSIT ROAD CHOMPON, CHATUCHAK, BANGKOK,
THAILAND. |
|
IC / PP No |
: |
502824967 |
|
Nationality |
: |
THAI |
|
Date of Appointment |
: |
11/10/2013 |
|
1) |
Name of Subject |
: |
YEW AH MING |
|
Position |
: |
DIRECTOR |
|
Auditor |
: |
KPMG LLP |
|
Auditor' Address |
: |
N/A |
|
1) |
Company Secretary |
: |
YEO JOO HOCK |
|
IC / PP No |
: |
SECRETARY |
|
|
Address |
: |
127, TAMPINES STREET 11, 02-448, 521127, 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 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 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 |
[ |
X |
] |
|||||
|
Fair 91-120 Days |
[ |
] |
Poor >120 Days |
[ |
] |
|||||||||
|
Local |
: |
N/A |
|
Overseas |
: |
N/A |
The Subject refused to disclose its clientele.
|
Products manufactured |
: |
|
|
|
Total Number of Employees: |
|||||||||
|
YEAR |
2015 |
||||||||
|
GROUP |
N/A |
||||||||
|
COMPANY |
33 |
||||||||
|
Branch |
: |
NO |
Other Information:
The Subject is principally engaged in the (as a / as an) manufacture of precision
die casting products.
The Subject refused to disclose its operation.
Latest fresh investigations carried out on the Subject indicated that :
|
Telephone Number Provided By Client |
: |
N/A |
|
Current Telephone Number |
: |
65-67429912 |
|
Match |
: |
N/A |
|
Address Provided by Client |
: |
3 KAKI BUKIT CRESCENT #01-01, SINGAPORE 416237 |
|
Current Address |
: |
3, KAKI BUKIT CRESCENT, 01-01, 416237, SINGAPORE. |
|
Match |
: |
YES |
Other Investigations
On 2nd July 2015 we contacted one of the staff from the Subject and she only
provided limited information.
The Subject refused to disclose its bankers.
|
Profitability |
||||||
|
Turnover |
: |
Decreased |
[ |
45.33% |
] |
|
|
Profit/(Loss) Before Tax |
: |
Decreased |
[ |
319.87% |
] |
|
|
Return on Shareholder Funds |
: |
Unfavourable |
[ |
(37.39%) |
] |
|
|
Return on Net Assets |
: |
Unfavourable |
[ |
(35.38%) |
] |
|
|
The shrinking turnover could be the result of more entrants into the
market which eroded the Subject's market share.The Subject incurred losses
during the year due to the inefficient control of its operating costs. The
Subject's unfavourable returns on shareholders' funds indicate the
management's inefficiency in utilising its assets to generate returns. |
||||||
|
Working Capital Control |
||||||
|
Stock Ratio |
: |
Unfavourable |
[ |
80 Days |
] |
|
|
Debtor Ratio |
: |
Acceptable |
[ |
64 Days |
] |
|
|
Creditors Ratio |
: |
Favourable |
[ |
35 Days |
] |
|
|
The Subject could be incurring higher holding cost. As its capital was
tied up in stocks, it could face liquidity problems. The Subject's management
was quite efficient in handling its debtors. The Subject's debtors days were
at an acceptable range, thus the risk of its debts turning bad was minimised.
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 |
[ |
1.61 Times |
] |
|
|
Current Ratio |
: |
Favourable |
[ |
2.93 Times |
] |
|
|
A minimum liquid ratio of 1 should be maintained by the Subject in
order to assure its creditors of its ability to meet short term obligations
and the Subject was in a good liquidity position. Thus, we believe the
Subject is able to meet all its short term obligations as and when they fall
due. |
||||||
|
Solvency |
||||||
|
Interest Cover |
: |
Unfavourable |
[ |
(15.35 Times) |
] |
|
|
Gearing Ratio |
: |
Favourable |
[ |
0.00 Times |
] |
|
|
The Subject incurred losses in the year. It did not generate
sufficient income to service its interest. If the situation does not
improve, the Subject may be vulnerable to default in servicing the interest.
The Subject had no gearing and hence it had virtually no financial risk. The
Subject was financed by its shareholders' funds and internally generated
fund. During the economic downturn, the Subject, having a zero gearing, will
be able to compete better than those which are highly geared in the same industry. |
||||||
|
Overall Assessment : |
||||||
|
The Subject's losses could be attributed to the lower turnover which
in turn could be the result of unfavourable market conditions. 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's interest cover was
negative, indicating that it did not generate sufficient income to service
its interest. If its result does not show impressive improvements or succeed
obtaining short term financing or capital injection, it may not be able to
service its interest and repay the loans. The Subject was a zero gearing
company, it was solely dependant on its shareholders to provide funds to
finance its business. The Subject has good chance of getting loans, if the
needs arises. |
||||||
|
Overall financial condition of the Subject : LIMITED |
||||||
|
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) |
|||||
|
(Source : Department of Statistics) |
|
INDUSTRY : |
MANUFACTURING |
|
In the third quarter of 2014, manufacturing output has increased by
1.9%, extending the 1.5% growth in the previous quarter. Growth was largely driven
by the biomedical manufacturing and chemicals clusters. Besides, for the
whole 2013, the manufacturing sector grew by 1.7%, an uptick from the 0.3%
growth recorded in the previous year. All clusters recorded an expansion in
2013, except the biomedical manufacturing cluster. |
|
|
The chemicals cluster grew by 5.2% in the third quarter of 2014.
Growth was led by the petrochemicals and specialty chemicals segments, which
expanded by 8.9% and 7.1% respectively. By contrast, the petroleum segment
contracted by 4.2% in the third quarter of 2014 due to plant maintenance
shutdowns. For the year of 2013, the chemicals cluster grew only by 0.7%. |
|
|
Besides, output of the biomedical manufacturing cluster expanded by 9.0%
in the third quarter of 2014. The medical technology segment posted robust
growth of 23% due to higher production of medical instruments and supplies,
while the output of the pharmaceuticals segment rose by 6.2%. However, in the
whole of 2013, the biomedical manufacturing cluster recorded only a flat
growth. |
|
|
In the third quarter of 2014, the transport engineering cluster
contracted by 2.0%, dragged down by the aerospace segment. Output in the
aerospace segment plunged by 18% on the back of fewer repair jobs from
commercial airlines. This was mitigated by the 4.1% growth in the marine
& offshore engineering segment, which was supported by higher
contributions from rig building projects. Nonetheless, for the whole of 2013,
the transport engineering cluster grew by 5.2%. |
|
|
Moreover, output of the precision engineering cluster increased by
1.3% in the third quarter of 2014. The machinery & systems segment grew
by 6.2%, supported by higher demand for semiconductor-related equipment and
mechanical engineering work. This was partly offset by the decline in the
output of the precision modules & components segment. Conversely, in the
full year of 2013, the precision engineering cluster's output declined by
5.6%. |
|
|
Furthermore, in the third quarter of 2014, output of the general
manufacturing industries declined by 3.0%. The 2.1% growth in the food,
beverages & tobacco segment was more than offset by declines in the other
two segments. In particular, the miscellaneous industries segment contracted
by 4.7% on the back of lower output in construction-related products, such as
concrete & cement products and steel structural components. For the full
year of 2013, the general manufacturing cluster grew by 2.8%. |
|
|
Besides, in the third quarter of 2014, the electronics cluster
expanded by 0.9%, reversing the 5.0% contraction in the previous quarter.
Growth was supported by an expansion in the computer peripherals (6.3%) and
data storage (2.6%) segments. Moreover, for the year 2013, the electronics
cluster expanded by 3.5%. |
|
|
OVERALL INDUSTRY OUTLOOK : MATURE |
|
|
|
|
|
|
THE FINANCIAL STATEMENTS WERE PREPARED IN ACCORDANCE WITH SINGAPORE
FINANCIAL REPORTING STANDARDS. |
|
ENTROCOMPONENT SOLUTIONS SINGAPORE PTE. LTD. |
|
Financial Year End |
2013-12-31 |
2012-12-31 |
|
Months |
12 |
12 |
|
Consolidated Account |
Company |
Company |
|
Audited Account |
YES |
YES |
|
Unqualified Auditor's Report (Clean Opinion) |
YES |
YES |
|
Financial Type |
FULL |
FULL |
|
Currency |
USD |
USD |
|
TURNOVER |
6,316,029 |
11,552,276 |
|
---------------- |
---------------- |
|
|
Total Turnover |
6,316,029 |
11,552,276 |
|
---------------- |
---------------- |
|
|
PROFIT/(LOSS) FROM OPERATIONS |
(1,034,153) |
470,344 |
|
---------------- |
---------------- |
|
|
PROFIT/(LOSS) BEFORE TAXATION |
(1,034,153) |
470,344 |
|
Taxation |
49,751 |
95,453 |
|
---------------- |
---------------- |
|
|
PROFIT/(LOSS) AFTER TAXATION |
(984,402) |
565,797 |
|
---------------- |
---------------- |
|
|
RETAINED PROFIT/(LOSS) BROUGHT FORWARD |
||
|
As previously reported |
3,609,352 |
3,043,555 |
|
---------------- |
---------------- |
|
|
As restated |
3,609,352 |
3,043,555 |
|
---------------- |
---------------- |
|
|
PROFIT AVAILABLE FOR APPROPRIATIONS |
2,624,950 |
3,609,352 |
|
---------------- |
---------------- |
|
|
RETAINED PROFIT/(LOSS) CARRIED FORWARD |
2,624,950 |
3,609,352 |
|
============= |
============= |
|
|
INTEREST EXPENSE (as per notes to P&L) |
||
|
Others |
63,243 |
163,020 |
|
---------------- |
---------------- |
|
|
63,243 |
163,020 |
|
|
============= |
============= |
|
|
DEPRECIATION (as per notes to P&L) |
181,248 |
160,133 |
|
---------------- |
---------------- |
|
|
181,248 |
160,133 |
|
|
============= |
============= |
|
ENTROCOMPONENT SOLUTIONS SINGAPORE PTE. LTD. |
|
ASSETS EMPLOYED: |
||
|
FIXED ASSETS |
719,726 |
815,492 |
|
---------------- |
---------------- |
|
|
TOTAL LONG TERM ASSETS |
719,726 |
815,492 |
|
Stocks |
1,385,994 |
1,725,055 |
|
Trade debtors |
1,111,274 |
1,937,529 |
|
Other debtors, deposits & prepayments |
140,572 |
85,061 |
|
Amount due from related companies |
147,979 |
- |
|
Cash & bank balances |
289,647 |
85,864 |
|
Others |
- |
82,500 |
|
---------------- |
---------------- |
|
|
TOTAL CURRENT ASSETS |
3,075,466 |
3,916,009 |
|
---------------- |
---------------- |
|
|
TOTAL ASSET |
3,795,192 |
4,731,501 |
|
============= |
============= |
|
|
CURRENT LIABILITIES |
||
|
Trade creditors |
599,259 |
727,663 |
|
Other creditors & accruals |
66,614 |
48,844 |
|
Amounts owing to related companies |
385,436 |
226,709 |
|
---------------- |
---------------- |
|
|
TOTAL CURRENT LIABILITIES |
1,051,309 |
1,003,216 |
|
---------------- |
---------------- |
|
|
NET CURRENT ASSETS/(LIABILITIES) |
2,024,157 |
2,912,793 |
|
---------------- |
---------------- |
|
|
TOTAL NET ASSETS |
2,743,883 |
3,728,285 |
|
============= |
============= |
|
|
SHARE CAPITAL |
||
|
Ordinary share capital |
7,933 |
7,933 |
|
---------------- |
---------------- |
|
|
TOTAL SHARE CAPITAL |
7,933 |
7,933 |
|
Retained profit/(loss) carried forward |
2,624,950 |
3,609,352 |
|
---------------- |
---------------- |
|
|
TOTAL RESERVES |
2,624,950 |
3,609,352 |
|
---------------- |
---------------- |
|
|
SHAREHOLDERS' FUNDS/EQUITY |
2,632,883 |
3,617,285 |
|
Deferred taxation |
111,000 |
111,000 |
|
---------------- |
---------------- |
|
|
TOTAL LONG TERM LIABILITIES |
111,000 |
111,000 |
|
---------------- |
---------------- |
|
|
2,743,883 |
3,728,285 |
|
|
============= |
============= |
|
|
ENTROCOMPONENT SOLUTIONS SINGAPORE PTE. LTD. |
|
TYPES OF FUNDS |
||
|
Cash |
289,647 |
85,864 |
|
Net Liquid Funds |
289,647 |
85,864 |
|
Net Liquid Assets |
638,163 |
1,187,738 |
|
Net Current Assets/(Liabilities) |
2,024,157 |
2,912,793 |
|
Net Tangible Assets |
2,743,883 |
3,728,285 |
|
Net Monetary Assets |
527,163 |
1,076,738 |
|
PROFIT & LOSS ITEMS |
||
|
Earnings Before Interest & Tax (EBIT) |
0 |
0 |
|
Earnings Before Interest, Taxes, Depreciation And Amortization
(EBITDA) |
(789,662) |
793,497 |
|
BALANCE SHEET ITEMS |
||
|
Total Borrowings |
0 |
0 |
|
Total Liabilities |
1,162,309 |
1,114,216 |
|
Total Assets |
3,795,192 |
4,731,501 |
|
Net Assets |
2,743,883 |
3,728,285 |
|
Net Assets Backing |
2,632,883 |
3,617,285 |
|
Shareholders' Funds |
2,632,883 |
3,617,285 |
|
Total Share Capital |
7,933 |
7,933 |
|
Total Reserves |
2,624,950 |
3,609,352 |
|
LIQUIDITY (Times) |
||
|
Cash Ratio |
0.28 |
0.09 |
|
Liquid Ratio |
1.61 |
2.18 |
|
Current Ratio |
2.93 |
3.90 |
|
WORKING CAPITAL CONTROL (Days) |
||
|
Stock Ratio |
80 |
55 |
|
Debtors Ratio |
64 |
61 |
|
Creditors Ratio |
35 |
23 |
|
SOLVENCY RATIOS (Times) |
||
|
Gearing Ratio |
0.00 |
0.00 |
|
Liabilities Ratio |
0.44 |
0.31 |
|
Times Interest Earned Ratio |
(15.35) |
3.89 |
|
Assets Backing Ratio |
345.88 |
469.97 |
|
PERFORMANCE RATIO (%) |
||
|
Operating Profit Margin |
(16.37) |
4.07 |
|
Net Profit Margin |
(15.59) |
4.90 |
|
Return On Net Assets |
(35.38) |
16.99 |
|
Return On Capital Employed |
(35.38) |
16.99 |
|
Return On Shareholders' Funds/Equity |
(37.39) |
15.64 |
|
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.63.57 |
|
|
1 |
Rs.98.22 |
|
Euro |
1 |
Rs.69.93 |
INFORMATION DETAILS
|
Analysis Done by
: |
KAR |
|
|
|
|
Report Prepared
by : |
SDA |
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.