|
Report No. : |
323735 |
|
Report Date : |
26.05.2015 |
IDENTIFICATION DETAILS
|
Name : |
ZOLLER SINGAPORE PTE. LTD. |
|
|
|
|
Registered Office : |
6001, Beach Road, 09-07, Golden Mile Tower, 199589 |
|
|
|
|
Country : |
Singapore |
|
|
|
|
Financials (as on) : |
31.12.2013 |
|
|
|
|
Date of Incorporation : |
21.11.2007 |
|
|
|
|
Com. Reg. No.: |
200721627-E |
|
|
|
|
Legal Form : |
Exempt Private |
|
|
|
|
Line of Business : |
The Subject is principally engaged in the other business support
services activities. |
|
|
|
|
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. |
: |
200721627-E |
|
COMPANY
NAME |
: |
ZOLLER
SINGAPORE PTE. LTD. |
|
FORMER
NAME |
: |
N/A |
|
INCORPORATION
DATE |
: |
21/11/2007 |
|
COMPANY
STATUS |
: |
EXIST |
|
LEGAL
FORM |
: |
EXEMPT
PRIVATE |
|
LISTED
STATUS |
: |
NO |
|
REGISTERED
ADDRESS |
: |
6001,
BEACH ROAD, 09-07, GOLDEN MILE TOWER, 199589, SINGAPORE. |
|
BUSINESS
ADDRESS |
: |
NO
6001 BEACH ROAD 09-07 GOLDEN MILE TOWER, 199589, SINGAPORE. |
|
TEL.NO. |
: |
65-63980004 |
|
FAX.NO. |
: |
65-63920071 |
|
CONTACT
PERSON |
: |
CHRISTOPH
ZOLLER ( DIRECTOR ) |
|
PRINCIPAL
ACTIVITY |
: |
OTHER
BUSINESS SUPPORT SERVICES ACTIVITIES |
|
ISSUED
AND PAID UP CAPITAL |
: |
10,000.00
ORDINARY SHARE, OF A VALUE OF SGD 10,000.00 |
|
SALES |
: |
EUR
1,959,963 [2013] |
|
NET
WORTH |
: |
EUR
68,984 [2013] |
|
STAFF
STRENGTH |
: |
N/A |
|
LITIGATION |
: |
CLEAR |
|
FINANCIAL
CONDITION |
: |
FAIR |
|
PAYMENT |
: |
GOOD |
|
MANAGEMENT
CAPABILITY |
: |
AVERAGE |
|
COMMERCIAL
RISK |
: |
N/A |
|
CURRENCY
EXPOSURE |
: |
N/A |
|
GENERAL
REPUTATION |
: |
SATISFACTORY |
|
INDUSTRY
OUTLOOK |
: |
MARGINAL
GROWTH |
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) other business support
services activities.
Share
Capital History
|
Date |
Issue
& Paid Up Capital |
|
25/05/2015 |
SGD
10,000.00 |
The
major shareholder(s) of the Subject are shown as follows :
|
Name |
Address |
IC/PP/Loc
No |
Shareholding |
(%) |
|
CHRISTOPH
ZOLLER + |
631,
TURNER PARK CT ANN ARBOR, MI, 48103, UNITED STATES. |
C4JHR8W1J |
5,100.00 |
51.00 |
|
ALEXANDER
ZOLLER |
ALLEENSTR.
91, 71732, TAMM, GERMANY. |
617642070 |
4,900.00 |
49.00 |
|
--------------- |
------ |
|||
|
10,000.00 |
100.00 |
|||
|
============ |
===== |
+
Also Director
DIRECTOR
1
|
Name
Of Subject |
: |
MARY
TAN BEE LEE |
|
Address |
: |
70,
ELIAS ROAD, 08-17, OASIS @ ELIAS, 519943, SINGAPORE. |
|
IC
/ PP No |
: |
S7310760A |
|
Nationality |
: |
SINGAPOREAN |
|
Date
of Appointment |
: |
21/11/2007 |
DIRECTOR
2
|
Name
Of Subject |
: |
CHRISTOPH
ZOLLER |
|
Address |
: |
631,
TURNER PARK CT ANN ARBOR, MI, 48103, UNITED STATES. |
|
IC
/ PP No |
: |
C4JHR8W1J |
|
Nationality |
: |
GERMAN |
|
Date
of Appointment |
: |
21/11/2007 |
|
1)
|
Name
of Subject |
: |
CHRISTOPH
ZOLLER |
|
Position |
: |
DIRECTOR |
|
|
Auditor |
: |
CW
YIT & ASSOCIATES |
|
Auditor'
Address |
: |
N/A |
|
1)
|
Company
Secretary |
: |
CHIA
LEE CHENG |
|
IC
/ PP No |
: |
S1591974D |
|
|
Address |
: |
635,
PASIR RIS DRIVE 1, 10-600, 510635, 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 is a service provider.
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 |
[ |
X |
] |
Average
61-90 Days |
[ |
] |
|||||
|
Fair
91-120 Days |
[ |
] |
Poor
>120 Days |
[ |
] |
|||||||||
|
Local |
: |
N/A |
|
Overseas |
: |
N/A |
The staff from the registered office refused to disclose the Subject's
clientele.
|
Services |
: |
OTHER
BUSINESS SUPPORT SERVICES ACTIVITIES |
|
|
Branch |
: |
NO
|
Other
Information:
The Subject is principally engaged in the (as a / as an) other business support
services activities.
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 |
: |
65-63980004 |
|
Match |
: |
N/A |
|
Address
Provided by Client |
: |
NO
6001 BEACH ROAD 09-07 GOLDEN MILE TOWER SINGAPORE 99589 |
|
Current
Address |
: |
NO
6001 BEACH ROAD 09-07 GOLDEN MILE TOWER, 199589, SINGAPORE. |
|
Match |
: |
YES |
Other
Investigations
On 21st 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 |
[ |
15.72% |
] |
|
|
Profit/(Loss)
Before Tax |
: |
Decreased |
[ |
(218.86%) |
] |
|
|
Return
on Shareholder Funds |
: |
Acceptable |
[ |
13.03% |
] |
|
|
Return
on Net Assets |
: |
Acceptable |
[ |
12.83% |
] |
|
|
The
lower turnover could be due to the intense market competition.The management had
succeeded in turning the Subject into a profit making company. The profit
could be due to better control of its operating costs and efficiency in
utilising its resources. The Subject's management had generated acceptable
return for its shareholders using its assets. |
||||||
|
Working
Capital Control |
||||||
|
Stock
Ratio |
: |
Favourable |
[ |
17
Days |
] |
|
|
Debtor
Ratio |
: |
Unfavourable |
[ |
192
Days |
] |
|
|
Creditors
Ratio |
: |
Favourable |
[ |
26
Days |
] |
|
|
The
Subject's stocks were moving fast thus reducing its holding cost. This had
reduced funds being tied up in stocks. The Subject's debtors ratio was high.
The Subject should tighten its credit control and improve its collection
period. The Subject had a favourable creditors' ratio where the Subject could
be taking advantage of the cash discounts and also wanting to maintain
goodwill with its creditors. |
||||||
|
Liquidity |
||||||
|
Liquid
Ratio |
: |
Acceptable |
[ |
0.90
Times |
] |
|
|
Current
Ratio |
: |
Unfavourable |
[ |
0.97
Times |
] |
|
|
The
Subject's liquid ratio was slightly low. This could indicate that the
Subject's working capital was slightly deficient. The Subject will have to improve
its liquidity position either by obtaining short term financing or increase
its paid up capital so that it can meet all its short term obligations as and
when they fall due. |
||||||
|
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 : |
||||||
|
Although
the Subject's turnover decreased, its losses also decreased during the year.
This could be the result of more efficient control in its operating costs. The
Subject's liquidity was at an acceptable range. If the Subject is able to
obtain further short term financing, it should be able to meet all its short
term obligations. 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 : FAIR |
||||||
|
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 an Exempt Private company, focusing on other business
support services activities. 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. Presently, the issued and paid up capital
of the Subject stands at SGD 10,000. We considered that the Subject's
business position in the market is much dependent on the efforts of its
directors. |
|
|
|
THE
FINANCIAL STATEMENTS WERE PREPARED IN ACCORDANCE WITH SINGAPORE FINANCIAL
REPORTING STANDARDS. |
|
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 |
EUR |
EUR |
|
TURNOVER |
1,959,963 |
2,325,673 |
|
Other
Income |
49,599 |
3,583 |
|
---------------- |
---------------- |
|
|
Total
Turnover |
2,009,562 |
2,329,256 |
|
Costs
of Goods Sold |
(1,685,351) |
(2,146,203) |
|
---------------- |
---------------- |
|
|
Gross
Profit |
324,211 |
183,053 |
|
---------------- |
---------------- |
|
|
PROFIT/(LOSS)
FROM OPERATIONS |
8,853 |
(7,448) |
|
---------------- |
---------------- |
|
|
PROFIT/(LOSS)
BEFORE TAXATION |
8,853 |
(7,448) |
|
Taxation |
133 |
(133) |
|
---------------- |
---------------- |
|
|
PROFIT/(LOSS)
AFTER TAXATION |
8,986 |
(7,581) |
|
---------------- |
---------------- |
|
|
RETAINED
PROFIT/(LOSS) BROUGHT FORWARD |
||
|
As
previously reported |
55,275 |
62,856 |
|
---------------- |
---------------- |
|
|
As
restated |
55,275 |
62,856 |
|
---------------- |
---------------- |
|
|
PROFIT
AVAILABLE FOR APPROPRIATIONS |
64,261 |
55,275 |
|
---------------- |
---------------- |
|
|
RETAINED
PROFIT/(LOSS) CARRIED FORWARD |
64,261 |
55,275 |
|
============= |
============= |
|
|
DEPRECIATION
(as per notes to P&L) |
22,819 |
22,740 |
|
---------------- |
---------------- |
|
|
22,819 |
22,740 |
|
|
============= |
============= |
|
ASSETS
EMPLOYED: |
||
|
FIXED
ASSETS |
111,633 |
112,374 |
|
---------------- |
---------------- |
|
|
TOTAL
LONG TERM ASSETS |
111,633 |
112,374 |
|
Stocks |
93,227 |
6,446 |
|
Trade
debtors |
1,031,320 |
766,611 |
|
Other
debtors, deposits & prepayments |
96,630 |
32,691 |
|
Cash
& bank balances |
95,681 |
221,529 |
|
---------------- |
---------------- |
|
|
TOTAL
CURRENT ASSETS |
1,316,858 |
1,027,277 |
|
---------------- |
---------------- |
|
|
TOTAL
ASSET |
1,428,491 |
1,139,651 |
|
============= |
============= |
|
|
CURRENT
LIABILITIES |
||
|
Trade
creditors |
117,998 |
10,913 |
|
Other
creditors & accruals |
8,967 |
18,620 |
|
Amounts
owing to related companies |
1,232,542 |
1,050,120 |
|
---------------- |
---------------- |
|
|
TOTAL
CURRENT LIABILITIES |
1,359,507 |
1,079,653 |
|
---------------- |
---------------- |
|
|
NET
CURRENT ASSETS/(LIABILITIES) |
(42,649) |
(52,376) |
|
---------------- |
---------------- |
|
|
TOTAL
NET ASSETS |
68,984 |
59,998 |
|
============= |
============= |
|
|
SHARE
CAPITAL |
||
|
Ordinary
share capital |
4,723 |
4,723 |
|
---------------- |
---------------- |
|
|
TOTAL
SHARE CAPITAL |
4,723 |
4,723 |
|
Retained
profit/(loss) carried forward |
64,261 |
55,275 |
|
---------------- |
---------------- |
|
|
TOTAL
RESERVES |
64,261 |
55,275 |
|
---------------- |
---------------- |
|
|
SHAREHOLDERS'
FUNDS/EQUITY |
68,984 |
59,998 |
|
---------------- |
---------------- |
|
|
68,984 |
59,998 |
|
|
============= |
============= |
|
TYPES
OF FUNDS |
||
|
Cash |
95,681 |
221,529 |
|
Net
Liquid Funds |
95,681 |
221,529 |
|
Net
Liquid Assets |
(135,876) |
(58,822) |
|
Net
Current Assets/(Liabilities) |
(42,649) |
(52,376) |
|
Net
Tangible Assets |
68,984 |
59,998 |
|
Net
Monetary Assets |
(135,876) |
(58,822) |
|
BALANCE
SHEET ITEMS |
||
|
Total
Borrowings |
0 |
0 |
|
Total
Liabilities |
1,359,507 |
1,079,653 |
|
Total
Assets |
1,428,491 |
1,139,651 |
|
Net
Assets |
68,984 |
59,998 |
|
Net
Assets Backing |
68,984 |
59,998 |
|
Shareholders'
Funds |
68,984 |
59,998 |
|
Total
Share Capital |
4,723 |
4,723 |
|
Total
Reserves |
64,261 |
55,275 |
|
LIQUIDITY
(Times) |
||
|
Cash
Ratio |
0.07 |
0.21 |
|
Liquid
Ratio |
0.90 |
0.95 |
|
Current
Ratio |
0.97 |
0.95 |
|
WORKING
CAPITAL CONTROL (Days) |
||
|
Stock
Ratio |
17 |
1 |
|
Debtors
Ratio |
192 |
120 |
|
Creditors
Ratio |
26 |
2 |
|
SOLVENCY
RATIOS (Times) |
||
|
Gearing
Ratio |
0.00 |
0.00 |
|
Liabilities
Ratio |
19.71 |
17.99 |
|
Times
Interest Earned Ratio |
0.00 |
0.00 |
|
Assets
Backing Ratio |
14.61 |
12.70 |
|
PERFORMANCE
RATIO (%) |
||
|
Operating
Profit Margin |
0.45 |
(0.32) |
|
Net
Profit Margin |
0.46 |
(0.33) |
|
Return
On Net Assets |
12.83 |
(12.41) |
|
Return
On Capital Employed |
12.83 |
(12.41) |
|
Return
On Shareholders' Funds/Equity |
13.03 |
(12.64) |
|
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.63.62 |
|
|
1 |
Rs.98.51 |
|
Euro |
1 |
Rs.69.93 |
INFORMATION DETAILS
|
Analysis Done by
: |
RAS |
|
|
|
|
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.