|
Report No. : |
320530 |
|
Report Date : |
08.05.2015 |
IDENTIFICATION DETAILS
|
Name : |
SHREE MADHAV OVERSEAS PTE. LTD. |
|
|
|
|
Formerly Known As : |
RAJKRIPAL LUMBERS (SINGAPORE) PTE. LTD. |
|
|
|
|
Registered Office : |
371, Beach Road, 02-02b, Keypoint, 199597 |
|
|
|
|
Country : |
Singapore
|
|
|
|
|
Financials (as on) : |
31.03.2014 |
|
|
|
|
Date of Incorporation : |
12.05.2011 |
|
|
|
|
Com. Reg. No.: |
201111331-N |
|
|
|
|
Legal Form : |
Private Limited |
|
|
|
|
Line of Business : |
Subject is engaged in the general wholesale trade (including general
importers and exporters). |
|
|
|
|
No. of Employees : |
Not Available |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Status : |
Satisfactory |
|
Payment Behaviour : |
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 – December 31, 2014
|
Country Name |
Previous Rating (30.09.2014) |
Current Rating (31.12.2014) |
|
Singapore |
A1 |
A1 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
|
Moderate |
B1 |
|
High |
B2 |
|
Very High |
C1 |
|
Restricted |
C2 |
|
Off-credit |
D |
SINGAPORE - ECONOMIC OVERVIEW
Singapore has a highly developed and successful free-market
economy. It enjoys a remarkably open and corruption-free environment, stable
prices, and a per capita GDP higher than that of most developed countries.
Unemployment is very low. 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. Growth in 2014 was slower at 13.9%, 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. Singapore
is a member of the 12-nation Trans-Pacific Partnership free trade agreement
negotiations and, with the nine other ASEAN members, will form the ASEAN
Economic Community in 2015.
|
Source
: CIA |
EXECUTIVE
SUMMARY
|
|
REGISTRATION NO. |
: |
201111331-N |
|
COMPANY NAME |
: |
SHREE MADHAV OVERSEAS PTE. LTD. |
|
FORMER NAME |
: |
RAJKRIPAL LUMBERS (SINGAPORE) PTE. LTD. (10/01/2012) |
|
INCORPORATION DATE |
: |
12/05/2011 |
|
COMPANY STATUS |
: |
EXIST |
|
LEGAL FORM |
: |
PRIVATE LIMITED |
|
LISTED STATUS |
: |
NO |
|
REGISTERED ADDRESS |
: |
371, BEACH ROAD, 02-02B, KEYPOINT, 199597, SINGAPORE. |
|
BUSINESS ADDRESS |
: |
371 BEACH ROAD 02-01C KEYPOINT, 199597, SINGAPORE. |
|
TEL.NO. |
: |
65-63453536 |
|
FAX.NO. |
: |
N/A |
|
CONTACT PERSON |
: |
BALASUBRAMANIAN NARAYAN IYER ( DIRECTOR ) |
|
PRINCIPAL ACTIVITY |
: |
GENERAL WHOLESALE TRADE (INCLUDING GENERAL IMPORTERS AND EXPORTERS) |
|
ISSUED AND PAID UP CAPITAL |
: |
166,770.00 ORDINARY SHARE, OF A VALUE OF USD 166,770.00 |
|
SALES |
: |
USD 14,427,049 [2014] |
|
NET WORTH |
: |
USD 1,441,734 [2014] |
|
STAFF STRENGTH |
: |
N/A |
|
LITIGATION |
: |
CLEAR |
|
FINANCIAL CONDITION |
: |
FAIR |
|
PAYMENT |
: |
SLOW BUT CORRECT |
|
MANAGEMENT CAPABILITY |
: |
AVERAGE |
|
COMMERCIAL RISK |
: |
N/A |
|
CURRENCY EXPOSURE |
: |
N/A |
|
GENERAL REPUTATION |
: |
SATISFACTORY |
|
INDUSTRY OUTLOOK |
: |
AVERAGE GROWTH |
HISTORY
/ BACKGROUND
|
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) general
wholesale trade (including general importers and exporters).
Share Capital History
|
Date |
Issue & Paid Up Capital |
|
06/05/2015 |
USD 166,770.00 |
The major shareholder(s) of the Subject are shown as follows :
Name |
Address |
IC/PP/Loc No |
Shareholding |
(%) |
|
CHOVATIYA MANISHA SOHILKUMAR |
BAVAVALA PARA STREET 6, B/H HAVELI ZINABOKHA, KUVA JETPUR, RAJKOT
360370, INDIA. |
F4074809 |
75,000.00 |
44.97 |
|
CHOVATIA PRAVINCHANDRA RANCHHOD |
DEVYANI PROCESSOR, DHORAGI ROAD, JETPUR, DIST RAJKOT, 360370, GUJARAT,
INDIA. |
Z1218383 |
41,670.00 |
24.99 |
|
PRATEEK GARG + |
PLOT 121, SECTOR 3, GANDHIDHAM, GANDHIDHAM, PIN 370201, GUJARAT,
INDIA. |
Z2804806 |
10,500.00 |
6.30 |
|
RAJKRIPAL LUMBERS LIMITED |
7, ARJUN NAGAR, KOTLA MUBARAKPUR, NEW DELHI, 110003, INDIA. |
T11UF3790 |
39,600.00 |
23.75 |
|
--------------- |
------ |
|||
|
166,770.00 |
100.00 |
|||
|
============ |
===== |
+ Also Director
DIRECTORS
|
DIRECTOR 1
|
Name Of Subject |
: |
BALASUBRAMANIAN NARAYAN IYER |
|
Address |
: |
39, AMBER GARDENS, 13-17, ESTA, THE, 439970, SINGAPORE. |
|
IC / PP No |
: |
S2673731A |
|
Nationality |
: |
SINGAPOREAN |
|
Date of Appointment |
: |
12/05/2011 |
DIRECTOR 2
|
Name Of Subject |
: |
PRATEEK GARG |
|
Address |
: |
PLOT 121, SECTOR 3, GANDHIDHAM, GANDHIDHAM, PIN 370201, GUJARAT,
INDIA. |
|
IC / PP No |
: |
Z2804806 |
|
Nationality |
: |
INDIAN |
|
Date of Appointment |
: |
11/07/2011 |
MANAGEMENT
|
|
1) |
Name of Subject |
: |
BALASUBRAMANIAN NARAYAN IYER |
|
Position |
: |
DIRECTOR |
|
|
AUDITOR |
|
Auditor |
: |
T RAVI & CO. |
|
Auditor' Address |
: |
N/A |
COMPANY
SECRETARIES
|
|
1) |
Company Secretary |
: |
SRIPRIYA BALASUBRAMANIAN |
|
IC / PP No |
: |
S6881590H |
|
|
Address |
: |
39, AMBER GARDENS, 13-17, ESTA, 439970, SINGAPORE. |
|
BANKING
|
No Banker found in our databank.
ENCUMBRANCE
(S)
|
No encumbrance was found in our databank at the time of investigation.
LITIGATION
CHECK AGAINST SUBJECT
|
* 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.
PAYMENT
RECORD
|
|
SOURCES OF RAW MATERIALS: |
||
|
Local |
: |
N/A |
|
Overseas |
: |
N/A |
The staff from the registered office refused to disclose the Subject's
suppliers.
CLIENTELE
|
|
Local |
: |
N/A |
|
Overseas |
: |
N/A |
The staff from the registered office refused to disclose the Subject's
clientele.
OPERATIONS
|
|
Goods Traded |
: |
GENERAL WHOLESALE TRADE (INCLUDING GENERAL IMPORTERS AND EXPORTERS) |
|
|
Branch |
: |
NO |
Other Information:
The Subject is principally engaged in the (as a / as an) general wholesale
trade (including general importers and exporters).
The staff from the registered office refused to disclose the Subject's
operation.
CURRENT
INVESTIGATION
|
Latest fresh investigations carried out on the Subject indicated that :
|
Telephone Number Provided By Client |
: |
N/A |
|
Current Telephone Number |
: |
65-63453536 |
|
Match |
: |
N/A |
|
Address Provided by Client |
: |
371 BEACH ROAD 02-01C KEYPOINT SINGAPORE, 199597 |
|
Current Address |
: |
371 BEACH ROAD 02-01C KEYPOINT, 199597, SINGAPORE. |
|
Match |
: |
YES |
Other Investigations
We contacted one of the staff from the Subject's registered office and
he only provided limited information.
He refused to disclose the fax number and number of employees.
FINANCIAL
ANALYSIS
|
|
Profitability |
||||||
|
Turnover |
: |
Increased |
[ |
2012 - 2014 |
] |
|
|
Profit/(Loss) Before Tax |
: |
Increased |
[ |
2012 - 2014 |
] |
|
|
Return on Shareholder Funds |
: |
Acceptable |
[ |
15.35% |
] |
|
|
Return on Net Assets |
: |
Acceptable |
[ |
27.76% |
] |
|
|
The Subject's turnover increased steadily as the demand for its
products / services increased due to the goodwill built up over the years.The
Subject's management have been efficient in controlling its operating costs. The
Subject's management had generated acceptable return for its shareholders
using its assets. |
||||||
|
Working Capital Control |
||||||
|
Stock Ratio |
: |
Nil |
[ |
0 Days |
] |
|
|
Debtor Ratio |
: |
Unfavourable |
[ |
123 Days |
] |
|
|
Creditors Ratio |
: |
Favourable |
[ |
0 Days |
] |
|
|
As the Subject is a service oriented company, the Subject does not
need to keep stocks. The Subject's debtors ratio was high. The Subject should
tighten its credit control and improve its collection period. The 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 |
[ |
1.29 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 |
: |
Unfavourable |
[ |
2.42 Times |
] |
|
|
Gearing Ratio |
: |
Favourable |
[ |
0.00 Times |
] |
|
|
The Subject's interest cover was low. If its profits fall or when
interest rate rises, it may not be able to meet all its interest
payment. 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 : |
||||||
|
Generally, the Subject's performance has improved with higher turnover
and profit. 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. If
there is a fall in the Subject's profit or any increase in interest rate, the
Subject may not be able to generate sufficient cash-flow to service its
interest. 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 : FAIR |
||||||
|
|
||||||
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 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 |
|
CREDIT
RISK EVALUATION & RECOMMENDATION
|
|
|
|
|
PROFIT
AND LOSS ACCOUNT
|
|
THE FINANCIAL STATEMENTS WERE PREPARED IN ACCORDANCE WITH SINGAPORE
FINANCIAL REPORTING STANDARDS. |
|
SHREE MADHAV OVERSEAS PTE. LTD. |
|
Financial Year End |
2014-03-31 |
2013-03-31 |
2012-03-31 |
|
Months |
12 |
12 |
12 |
|
Consolidated Account |
Company |
Company |
Company |
|
Audited Account |
YES |
YES |
YES |
|
Unqualified Auditor's Report (Clean Opinion) |
YES |
YES |
YES |
|
Financial Type |
FULL |
FULL |
SUMMARY |
|
Currency |
USD |
USD |
SGD |
|
TURNOVER |
14,427,049 |
12,427,049 |
2,311,165 |
|
---------------- |
---------------- |
---------------- |
|
|
Total Turnover |
14,427,049 |
12,427,049 |
2,311,165 |
|
---------------- |
---------------- |
---------------- |
|
|
PROFIT/(LOSS) FROM OPERATIONS |
235,110 |
209,229 |
17,837 |
|
---------------- |
---------------- |
---------------- |
|
|
PROFIT/(LOSS) BEFORE TAXATION |
235,110 |
209,229 |
17,837 |
|
Taxation |
(13,752) |
(12,210) |
(1,086) |
|
---------------- |
---------------- |
---------------- |
|
|
PROFIT/(LOSS) AFTER TAXATION |
221,358 |
197,019 |
16,751 |
|
---------------- |
---------------- |
---------------- |
|
|
RETAINED PROFIT/(LOSS) BROUGHT FORWARD |
|||
|
As previously reported |
210,256 |
13,237 |
(3,514) |
|
---------------- |
---------------- |
---------------- |
|
|
As restated |
210,256 |
13,237 |
(3,514) |
|
---------------- |
---------------- |
---------------- |
|
|
PROFIT AVAILABLE FOR APPROPRIATIONS |
431,614 |
210,256 |
13,237 |
|
---------------- |
---------------- |
---------------- |
|
|
RETAINED PROFIT/(LOSS) CARRIED FORWARD |
431,614 |
210,256 |
13,237 |
|
============= |
============= |
============= |
|
|
INTEREST EXPENSE (as per notes to P&L) |
|||
|
Others |
165,115 |
116,653 |
- |
|
---------------- |
---------------- |
---------------- |
|
|
165,115 |
116,653 |
- |
|
|
============= |
============= |
- |
|
|
|
|
|
|
BALANCE SHEET
|
|
SHREE MADHAV OVERSEAS PTE. LTD. |
|
Trade debtors |
4,879,379 |
3,307,277 |
- |
|
Short term deposits |
524,000 |
375,000 |
- |
|
Amount due from related companies |
828,487 |
751,495 |
- |
|
Cash & bank balances |
104,809 |
30,335 |
- |
|
---------------- |
---------------- |
---------------- |
|
|
TOTAL CURRENT ASSETS |
6,336,675 |
4,464,107 |
2,933,244 |
|
---------------- |
---------------- |
---------------- |
|
|
TOTAL ASSET |
6,336,675 |
4,464,107 |
2,933,244 |
|
============= |
============= |
============= |
|
|
Other creditors & accruals |
35,498 |
705,461 |
- |
|
Amounts owing to related companies |
851,238 |
- |
- |
|
Provision for taxation |
15,509 |
13,068 |
- |
|
Other liabilities |
3,992,696 |
3,485,222 |
- |
|
---------------- |
---------------- |
---------------- |
|
|
TOTAL CURRENT LIABILITIES |
4,894,941 |
4,203,751 |
2,853,091 |
|
---------------- |
---------------- |
---------------- |
|
|
NET CURRENT ASSETS/(LIABILITIES) |
1,441,734 |
260,356 |
80,153 |
|
---------------- |
---------------- |
---------------- |
|
|
TOTAL NET ASSETS |
1,441,734 |
260,356 |
80,153 |
|
============= |
============= |
============= |
|
|
SHARE CAPITAL |
|||
|
Ordinary share capital |
166,770 |
50,100 |
166,770 |
|
---------------- |
---------------- |
---------------- |
|
|
TOTAL SHARE CAPITAL |
166,770 |
50,100 |
166,770 |
|
RESERVES |
|||
|
Share premium |
583,350 |
- |
- |
|
Retained profit/(loss) carried forward |
431,614 |
210,256 |
13,237 |
|
Others |
260,000 |
- |
(86,617) |
|
---------------- |
---------------- |
---------------- |
|
|
TOTAL RESERVES |
1,274,964 |
210,256 |
(73,380) |
|
---------------- |
---------------- |
---------------- |
|
|
SHAREHOLDERS' FUNDS/EQUITY |
1,441,734 |
260,356 |
93,390 |
|
TOTAL LONG TERM LIABILITIES |
- |
- |
0 |
|
---------------- |
---------------- |
---------------- |
|
|
1,441,734 |
260,356 |
80,153 |
|
|
============= |
============= |
============= |
|
|
|
|
|
|
FINANCIAL
RATIO
|
|
SHREE MADHAV OVERSEAS PTE. LTD. |
|
TYPES OF FUNDS |
|||
|
Cash |
628,809 |
405,335 |
- |
|
Net Liquid Funds |
628,809 |
405,335 |
- |
|
Net Liquid Assets |
1,441,734 |
260,356 |
80,153 |
|
Net Current Assets/(Liabilities) |
1,441,734 |
260,356 |
80,153 |
|
Net Tangible Assets |
1,441,734 |
260,356 |
80,153 |
|
Net Monetary Assets |
1,441,734 |
260,356 |
80,153 |
|
BALANCE SHEET ITEMS |
|||
|
Total Borrowings |
0 |
0 |
- |
|
Total Liabilities |
4,894,941 |
4,203,751 |
2,853,091 |
|
Total Assets |
6,336,675 |
4,464,107 |
2,933,244 |
|
Net Assets |
1,441,734 |
260,356 |
80,153 |
|
Net Assets Backing |
1,441,734 |
260,356 |
80,153 |
|
Shareholders' Funds |
1,441,734 |
260,356 |
93,390 |
|
Total Share Capital |
166,770 |
50,100 |
166,770 |
|
Total Reserves |
1,274,964 |
210,256 |
(73,380) |
|
LIQUIDITY (Times) |
|||
|
Cash Ratio |
0.13 |
0.10 |
- |
|
Liquid Ratio |
1.29 |
1.06 |
- |
|
Current Ratio |
1.29 |
1.06 |
1.03 |
|
WORKING CAPITAL CONTROL (Days) |
|||
|
Stock Ratio |
0 |
0 |
- |
|
Debtors Ratio |
123 |
97 |
- |
|
Creditors Ratio |
0 |
0 |
- |
|
SOLVENCY RATIOS (Times) |
|||
|
Gearing Ratio |
0.00 |
0.00 |
- |
|
Liabilities Ratio |
3.40 |
16.15 |
30.55 |
|
Times Interest Earned Ratio |
2.42 |
2.79 |
- |
|
Assets Backing Ratio |
8.65 |
5.20 |
0.48 |
|
PERFORMANCE RATIO (%) |
|||
|
Operating Profit Margin |
1.63 |
1.68 |
0.77 |
|
Net Profit Margin |
1.53 |
1.59 |
0.72 |
|
Return On Net Assets |
27.76 |
125.17 |
22.25 |
|
Return On Capital Employed |
27.76 |
125.17 |
19.10 |
|
Return On Shareholders' Funds/Equity |
15.35 |
75.67 |
17.94 |
|
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.63.88 |
|
|
1 |
Rs.97.21 |
|
Euro |
1 |
Rs.72.51 |
INFORMATION DETAILS
|
Analysis Done by
: |
KAR |
|
|
|
|
Report Prepared
by : |
TPT |
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.