|
Report No. : |
321063 |
|
Report Date : |
11.05.2015 |
IDENTIFICATION DETAILS
|
Name : |
JAYANTI PTE. LTD. |
|
|
|
|
Registered Office : |
10, Jalan Besar , 10-12, Sim Lim Tower, 208787 |
|
|
|
|
Country : |
Singapore |
|
|
|
|
Financials (as on) : |
31.03.2014 |
|
|
|
|
Date of Incorporation : |
21.05.2007 |
|
|
|
|
Com. Reg. No.: |
200708909-D |
|
|
|
|
Legal Form : |
Private Limited |
|
|
|
|
Line of Business : |
Investment Holding |
|
|
|
|
No. of Employees : |
Not Available |
RATING & COMMENTS
|
MIRA’s Rating : |
B |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
|
Status : |
Moderate |
|
|
|
|
Payment Behaviour : |
Slow but correct |
|
|
|
|
Litigation : |
Clear |
NOTES:
Any query related to this report can be made
on e-mail: infodept@mirainform.com
while quoting report number, name and date.
ECGC Country Risk Classification List – 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 |
|
REGISTRATION
NO. |
: |
200708909-D |
|
COMPANY
NAME |
: |
JAYANTI
PTE. LTD. |
|
FORMER
NAME |
: |
N/A |
|
INCORPORATION
DATE |
: |
21/05/2007 |
|
COMPANY
STATUS |
: |
EXIST |
|
LEGAL
FORM |
: |
PRIVATE
LIMITED |
|
LISTED
STATUS |
: |
NO |
|
REGISTERED
ADDRESS |
: |
10,
JALAN BESAR , 10-12, SIM LIM TOWER, 208787, SINGAPORE. |
|
BUSINESS
ADDRESS |
: |
10
JALAN BESAR, #10-12 SIM LIM TOWER, 208787, SINGAPORE. |
|
TEL.NO. |
: |
65-62938089 |
|
FAX.NO. |
: |
65-62935756 |
|
CONTACT
PERSON |
: |
CHALLA
RAJENDRA PRASAD ( DIRECTOR ) |
|
PRINCIPAL
ACTIVITY |
: |
INVESTMENT
HOLDING |
|
ISSUED
AND PAID UP CAPITAL |
: |
28,084,784.00
ORDINARY SHARE, OF A VALUE OF SGD 28,084,784.00 |
|
SALES |
: |
USD
23,370 [2014] |
|
NET
WORTH |
: |
USD
21,882,258 [2014] |
|
STAFF
STRENGTH |
: |
N/A |
|
LITIGATION |
: |
CLEAR |
|
FINANCIAL
CONDITION |
: |
LIMITED |
|
PAYMENT |
: |
N/A |
|
MANAGEMENT
CAPABILITY |
: |
AVERAGE |
|
COMMERCIAL
RISK |
: |
N/A |
|
CURRENCY
EXPOSURE |
: |
N/A |
|
GENERAL
REPUTATION |
: |
SATISFACTORY |
|
INDUSTRY
OUTLOOK |
: |
MARGINAL
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) investment holding.
Share
Capital History
|
Date |
Issue
& Paid Up Capital |
|
07/05/2015 |
SGD
28,084,784.00 |
The
major shareholder(s) of the Subject are shown as follows :
|
Name |
Address |
IC/PP/Loc
No |
Shareholding |
(%) |
|
CCL
PRODUCTS (INDIA) LTD. |
CORPORATE
OFFICE, 7-1-24/2/D, HYDERABAD, 500016, INDIA. |
T08UF2975 |
28,084,784.00 |
100.00 |
|
--------------- |
------ |
|||
|
28,084,784.00 |
100.00 |
|||
|
============ |
===== |
+
Also Director
The
Subject's interest in other companies (Subsidiaries/Associates) are shown as
follow :
|
Local
No |
Country |
Company |
(%) |
As
At |
|
VIETNAM |
GRANDSAUGREEN
S.A |
100.00 |
31/03/2014 |
|
|
VIETNAM |
NGON
COFFEE CO. LTD |
66.67 |
31/03/2014 |
|
DIRECTOR
1
|
Name
Of Subject |
: |
CHALLA
RAJENDRA PRASAD |
|
Address |
: |
8-2-269/4A,
ROAD 2, BANJARA HILLS, HYDERABAD, 500034, INDIA. |
|
IC
/ PP No |
: |
F5759430 |
|
Nationality |
: |
INDIAN |
|
Date
of Appointment |
: |
21/05/2007 |
DIRECTOR
2
|
Name
Of Subject |
: |
VENKATARAMAIYER
SIVARAMAKRISHNAN |
|
Address |
: |
666,
YISHUN AVENUE 4, 05-159, 760666, SINGAPORE. |
|
IC
/ PP No |
: |
S0033476F |
|
Nationality |
: |
SINGAPOREAN |
|
Date
of Appointment |
: |
21/05/2007 |
DIRECTOR
3
|
Name
Of Subject |
: |
CHALLA
SRISHANT |
|
Address |
: |
8-2-269/4A,
ROAD 2, BANJARA HILLS, HYDERABAD, 500034, INDIA. |
|
IC
/ PP No |
: |
Z1866803 |
|
Nationality |
: |
INDIAN |
|
Date
of Appointment |
: |
21/05/2007 |
|
1)
|
Name
of Subject |
: |
CHALLA
RAJENDRA PRASAD |
|
Position |
: |
DIRECTOR |
|
|
Auditor |
: |
MGI
N RAJAN ASSOCIATES |
|
Auditor'
Address |
: |
N/A |
|
1)
|
Company
Secretary |
: |
BEULAH
SHANTHINI |
|
IC
/ PP No |
: |
S2696645J |
|
|
Address |
: |
190,
HOLLAND ROAD, TOHO MANSION, 278585, SINGAPORE. |
|
No Banker found in our databank.
|
Charge
No |
Creation
Date |
Charge
Description |
Chargee
Name |
Total
Charge |
Status |
|
C200806871 |
24/07/2008 |
N/A |
ICICI
BANK LIMITED |
- |
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 |
: |
N/A |
|
Overseas |
: |
N/A |
The staff from the registered office refused to disclose the Subject's
suppliers.
|
Local |
: |
N/A |
|
Overseas |
: |
N/A |
The staff from the registered office refused to disclose the Subject's
clientele.
|
Services |
: |
INVESTMENT
HOLDING |
|
|
Branch |
: |
NO |
Other
Information:
The Subject is principally engaged in the (as a / as an) investment holding.
The staff from the registered office refused to disclose the Subject's
operation.
Latest
fresh investigations carried out on the Subject indicated that :
|
Telephone
Number Provided By Client |
: |
N/A |
|
Current
Telephone Number |
: |
65-62938089 |
|
Match |
: |
N/A |
|
Address
Provided by Client |
: |
10
JALAN BESAR #10-12 SIM LIM TOWER SINGAPORE 208787 |
|
Current
Address |
: |
10
JALAN BESAR, #10-12 SIM LIM TOWER, 208787, SINGAPORE. |
|
Match |
: |
YES |
Other
Investigations
On 7th May 2015 we contacted one of the staff from the
Subject's registered office and he only provided limited information.
He refused to disclose the Subject's number of employees.
|
Profitability |
||||||
|
Turnover |
: |
Decreased |
[ |
86.32% |
] |
|
|
Profit/(Loss)
Before Tax |
: |
Decreased |
[ |
66.87% |
] |
|
|
Return
on Shareholder Funds |
: |
Unfavourable |
[ |
0.06% |
] |
|
|
Return
on Net Assets |
: |
Unfavourable |
[ |
0.06% |
] |
|
|
The
shrinking turnover could be the result of more entrants into the market which
eroded the Subject's market share.The Subject's profit fell sharply because of
the high operating costs incurred. The unfavourable return on shareholders'
funds could indicate that the Subject was inefficient in utilising its assets
to generate returns. |
||||||
|
Working
Capital Control |
||||||
|
Stock
Ratio |
: |
Nil |
[ |
0
Days |
] |
|
|
Debtor
Ratio |
: |
Favourable |
[ |
0
Days |
] |
|
|
Creditors
Ratio |
: |
Favourable |
[ |
0
Days |
] |
|
|
As
the Subject is a service oriented company, the Subject does not need to keep stocks.
The favourable debtors' days could be due to the good credit control measures
implemented by the Subject. 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 |
: |
Unfavourable |
[ |
0.36
Times |
] |
|
|
Current
Ratio |
: |
Unfavourable |
[ |
0.36
Times |
] |
|
|
A
low liquid ratio means that the Subject may be facing working capital
deficiency. If the Subject cannot obtain additional financing or injection of
fresh capital, it may face difficulties in meeting its short term
obligations. |
||||||
|
Solvency |
||||||
|
Interest
Cover |
: |
Nil |
[ |
0.00
Times |
] |
|
|
Gearing
Ratio |
: |
Favourable |
[ |
0.00
Times |
] |
|
|
The
Subject's interest cover was nil as it did not pay any interest during the year.
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 performance deteriorated over the years with lower turnover and profit.
Due to its weak liquidity position, the Subject will be faced with problems
in meeting all its short term obligations if no short term loan is obtained
or additional capital injected into the Subject. The Subject did not make any
interest payment during the year. The Subject was dependent on its
shareholders' funds to finance its business needs. 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) |
|
INDUSTRY
: |
ECONOMY |
|
The
Ministry of Trade and Industry (MTI) announced that it expects the Singapore
economy to grow by around 3.0% in 2014, and by 2.0 to 4.0% in 2015. Besides that
in 2013, the economy grew by 4.1%, higher than the 1.9% growth in 2012. This
was mainly due to strong growth in the services producing industries,
particularly the finance & insurance, as well as wholesale & retail
trade sectors. |
|
|
In
2013, all sectors contributed positively to growth. Finance & insurance
was the largest contributor (1.2 percentage-points), followed by wholesale
& retail trade (0.8 percentage-points) and business services (0.6
percentage-points). Growth in the manufacturing sector was improved by 1.7%,
on the back of strong growth in the electronics and transport engineering
clusters. By contrast, growth in the construction sector moderated to 5.9%,
from 8.6% in 2012. |
|
|
Growth
in the services producing industries picked up to 5.3% in 2013, from 2.0% in
2012. This was mainly due to stronger growth in the finance & insurance
and wholesale & retail trade sectors. The finance & insurance sector
grew by 11%, up from 1.3% in the previous year. The wholesale & retail
trade sector has expanded by 5.0%, after declining by 1.4% the year before. |
|
|
For
the whole of 2013, growth in total demand was 3.1%, similar to the pace of
growth in 2012. External demand was the key contributor to total demand
growth, accounting for 2.7 percentage-points, or almost 90%, of the increase.
External demand grew at a faster pace of 3.6%, compared to the 1.4% growth in
2012. This was supported mainly by growth in the exports of machinery &
transport equipment, miscellaneous manufactures, and transport services.
Total domestic demand rose by a modest 1.7%, following the 8.6% increase in
2012. The slower growth in total domestic demand was primarily due to the
decline in gross fixed capital formation (GFCF). |
|
|
For
the full year, total consumption expenditure grew by 4.4% in 2013, faster
than the 2.8% growth in 2012. Public consumption expenditure increased by
11%, a strong rebound from the 1.9% decline in 2012. Private consumption
expenditure recorded gains of 2.7%, moderating from the 4.1% increase in the
preceding year. |
|
|
Furthermore,
in the first three quarters of 2014, the Singapore economy grew by 3.3% on a
year-on-year basis. For the rest of the year, growth is expected to ease slightly
on a year-on-year basis, in line with a projected slowdown in the global
economy. Externally-oriented sectors such as the manufacturing and
transportation & storage sectors are likely to slow, whereas growth in
the construction sector will continue to be weighed down by the weakness in
private sector construction activities. On the other hand,
domestically-oriented sectors like business services are likely to remain
resilient. |
|
|
Additionally,
the labour market in Singapore is expected to remain tight in 2015, with low
unemployment and rising vacancy rates. Against this global and domestic
backdrop, the growth outlook for the Singapore economy remains modest. In
tandem with the expected pick-up in external demand, externally-oriented
sectors such as manufacturing, wholesale trade and finance & insurance
are likely to provide support to growth. While some domestically-oriented
sectors such as businesses services are expected to remain resilient,
labour-intensive ones like construction, retail and food services may see
their growth weighed down by labour constraints. |
|
|
OVERALL
INDUSTRY OUTLOOK : MARGINAL GROWTH |
|
|
Incorporated in 2007, the Subject is a Private
Limited company, focusing on investment holding. Having been in business for
more than 5 years, the Subject has established a remarkable clientele base
for itself which has contributed to its business growth. The Subject is a
large entity with strong capital position of SGD 28,084,784. We are confident
with the Subject's business and its future growth prospect. Having strong
support from its shareholder has enabled the Subject to remain competitive
despite the challenging business environment. 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's business performance showed a
reverse trend as both its turnover and pre-tax profit have decreased compared
to the previous year. The Subject has generated an unfavourable return on
shareholders' funds indicating that the management was inefficient in
utilising its funds to generate return. Due to its weak liquidity position,
the Subject may face working capital deficiency in meeting its short term
financial obligations if no fresh capital are injected into the Subject.
Being a zero geared company, the Subject virtually has no financial risk as
it is mainly dependent on its internal funds to finance its business. Given a
positive net worth standing at USD 21,882,258, the Subject should be able to
maintain its business in the near terms. Without a strong assets backing, the
Subject may face difficulties in getting loans for its future expansion and
continued growth . The industry has reached its maturity stage
and only enjoying a marginal growth. The steady growth of the country's
economy will further enhance the industry activities. Thus, the Subject's
future performance is very much depend on its marketing strategies in order
to retain its position in the market. Based on the above condition, we recommend
credit be granted to the Subject normally. |
|
|
|
THE
FINANCIAL STATEMENTS WERE PREPARED IN ACCORDANCE WITH SINGAPORE FINANCIAL
REPORTING STANDARDS. |
|
Financial
Year End |
2014-03-31 |
2013-03-31 |
|
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 |
23,370 |
170,849 |
|
---------------- |
---------------- |
|
|
Total
Turnover |
23,370 |
170,849 |
|
---------------- |
---------------- |
|
|
PROFIT/(LOSS)
FROM OPERATIONS |
14,122 |
42,625 |
|
---------------- |
---------------- |
|
|
PROFIT/(LOSS)
BEFORE TAXATION |
14,122 |
42,625 |
|
Taxation |
(719) |
(3,880) |
|
---------------- |
---------------- |
|
|
PROFIT/(LOSS)
AFTER TAXATION |
13,403 |
38,745 |
|
---------------- |
---------------- |
|
|
RETAINED
PROFIT/(LOSS) BROUGHT FORWARD |
||
|
As
previously reported |
89,724 |
50,979 |
|
---------------- |
---------------- |
|
|
As
restated |
89,724 |
50,979 |
|
---------------- |
---------------- |
|
|
PROFIT
AVAILABLE FOR APPROPRIATIONS |
103,127 |
89,724 |
|
---------------- |
---------------- |
|
|
RETAINED
PROFIT/(LOSS) CARRIED FORWARD |
103,127 |
89,724 |
|
============= |
============= |
|
|
INTEREST
EXPENSE (as per notes to P&L) |
||
|
Others |
- |
113,424 |
|
---------------- |
---------------- |
|
|
- |
113,424 |
|
|
- |
============= |
|
LONG
TERM INVESTMENTS/OTHER ASSETS |
||
|
Subsidiary
companies |
21,957,543 |
16,434,177 |
|
---------------- |
---------------- |
|
|
TOTAL
LONG TERM INVESTMENTS/OTHER ASSETS |
21,957,543 |
16,434,177 |
|
---------------- |
---------------- |
|
|
TOTAL
LONG TERM ASSETS |
21,957,543 |
16,434,177 |
|
Short
term deposits |
3,924 |
3,924 |
|
Cash
& bank balances |
18,831 |
129,727 |
|
---------------- |
---------------- |
|
|
TOTAL
CURRENT ASSETS |
22,755 |
133,651 |
|
---------------- |
---------------- |
|
|
TOTAL
ASSET |
21,980,298 |
16,567,828 |
|
============= |
============= |
|
|
Other
creditors & accruals |
57,870 |
57,172 |
|
Provision
for taxation |
5,206 |
6,837 |
|
---------------- |
---------------- |
|
|
TOTAL
CURRENT LIABILITIES |
63,076 |
64,009 |
|
---------------- |
---------------- |
|
|
NET
CURRENT ASSETS/(LIABILITIES) |
(40,321) |
69,642 |
|
---------------- |
---------------- |
|
|
TOTAL
NET ASSETS |
21,917,222 |
16,503,819 |
|
============= |
============= |
|
|
SHARE
CAPITAL |
||
|
Ordinary
share capital |
21,779,131 |
16,279,131 |
|
---------------- |
---------------- |
|
|
TOTAL
SHARE CAPITAL |
21,779,131 |
16,279,131 |
|
Retained
profit/(loss) carried forward |
103,127 |
89,724 |
|
---------------- |
---------------- |
|
|
TOTAL
RESERVES |
103,127 |
89,724 |
|
---------------- |
---------------- |
|
|
SHAREHOLDERS'
FUNDS/EQUITY |
21,882,258 |
16,368,855 |
|
Others |
34,964 |
134,964 |
|
---------------- |
---------------- |
|
|
TOTAL
LONG TERM LIABILITIES |
34,964 |
134,964 |
|
---------------- |
---------------- |
|
|
21,917,222 |
16,503,819 |
|
|
============= |
============= |
|
TYPES
OF FUNDS |
||
|
Cash |
22,755 |
133,651 |
|
Net
Liquid Funds |
22,755 |
133,651 |
|
Net
Liquid Assets |
(40,321) |
69,642 |
|
Net
Current Assets/(Liabilities) |
(40,321) |
69,642 |
|
Net
Tangible Assets |
21,917,222 |
16,503,819 |
|
Net
Monetary Assets |
(75,285) |
(65,322) |
|
BALANCE
SHEET ITEMS |
||
|
Total
Borrowings |
0 |
0 |
|
Total
Liabilities |
98,040 |
198,973 |
|
Total
Assets |
21,980,298 |
16,567,828 |
|
Net
Assets |
21,917,222 |
16,503,819 |
|
Net
Assets Backing |
21,882,258 |
16,368,855 |
|
Shareholders'
Funds |
21,882,258 |
16,368,855 |
|
Total
Share Capital |
21,779,131 |
16,279,131 |
|
Total
Reserves |
103,127 |
89,724 |
|
LIQUIDITY
(Times) |
||
|
Cash
Ratio |
0.36 |
2.09 |
|
Liquid
Ratio |
0.36 |
2.09 |
|
Current
Ratio |
0.36 |
2.09 |
|
WORKING
CAPITAL CONTROL (Days) |
||
|
Stock
Ratio |
0 |
0 |
|
Debtors
Ratio |
0 |
0 |
|
Creditors
Ratio |
0 |
0 |
|
SOLVENCY
RATIOS (Times) |
||
|
Gearing
Ratio |
0.00 |
0.00 |
|
Liabilities
Ratio |
0.00 |
0.01 |
|
Times
Interest Earned Ratio |
0.00 |
1.38 |
|
Assets
Backing Ratio |
1.01 |
1.01 |
|
PERFORMANCE
RATIO (%) |
||
|
Operating
Profit Margin |
60.43 |
24.95 |
|
Net
Profit Margin |
57.35 |
22.68 |
|
Return
On Net Assets |
0.06 |
0.95 |
|
Return
On Capital Employed |
0.06 |
0.95 |
|
Return
On Shareholders' Funds/Equity |
0.06 |
0.24 |
|
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.64.05 |
|
|
1 |
Rs.99.04 |
|
Euro |
1 |
Rs.71.76 |
INFORMATION DETAILS
|
Analysis Done by
: |
DIV |
|
|
|
|
Report Prepared
by : |
VNT |
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.