|
Report No. : |
348675 |
|
Report Date : |
06.11.2015 |
IDENTIFICATION DETAILS
|
Name : |
SHREEJI GLOBAL PTE. LTD. |
|
|
|
|
Formerly Known As : |
SURYA GLOBAL PTE LTD |
|
|
|
|
Registered Office : |
1, Raffles Place, 28-02, One Raffles Place, 048616 |
|
|
|
|
Country : |
Singapore |
|
|
|
|
Financials (as on) : |
30.06.2010 |
|
|
|
|
Date of Incorporation : |
24.08.2007 |
|
|
|
|
Com. Reg. No.: |
200715606-R |
|
|
|
|
Legal Form : |
Private Limited |
|
|
|
|
Line of Business : |
Subject is engaged in trading of plastic raw materials |
|
|
|
|
No. of Employee : |
3 [2015] |
RATING & COMMENTS
|
MIRA’s Rating : |
Ca |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
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 |
|
Status : |
Moderate |
|
|
|
|
Payment Behaviour : |
Unknown |
|
|
|
|
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 |
EXECUTIVE
SUMMARY
|
|
REGISTRATION
NO. |
: |
200715606-R |
|
COMPANY
NAME |
: |
SHREEJI GLOBAL PTE.
LTD. |
|
FORMER
NAME |
: |
SURYA
GLOBAL PTE LTD (12/10/2007) |
|
INCORPORATION
DATE |
: |
24/08/2007 |
|
COMPANY
STATUS |
: |
EXIST |
|
LEGAL
FORM |
: |
PRIVATE
LIMITED |
|
LISTED
STATUS |
: |
NO |
|
REGISTERED
ADDRESS |
: |
1,
RAFFLES PLACE, 28-02, ONE RAFFLES PLACE, 048616, SINGAPORE. |
|
BUSINESS
ADDRESS |
: |
1,
RAFFLES PLACE, 28-02, ONE RAFFLES PLACE, 048616, SINGAPORE. |
|
TEL.NO. |
: |
65-62263279 |
|
FAX.NO. |
: |
65-62340940 |
|
WEB
SITE |
: |
WWW.SHREEJIGLOBAL.COM |
|
CONTACT
PERSON |
: |
TAN
LIAN KIOW @ CHIA BAK HUA ( DIRECTOR ) |
|
PRINCIPAL
ACTIVITY |
: |
TRADING
OF PLASTIC RAW MATERIALS |
|
ISSUED
AND PAID UP CAPITAL |
: |
1,000.00
ORDINARY SHARE, OF A VALUE OF SGD 1,000.00 |
|
SALES |
: |
N/A |
|
NET
WORTH |
: |
N/A |
|
STAFF
STRENGTH |
: |
3
[2015] |
|
LITIGATION |
: |
CLEAR |
|
FINANCIAL
CONDITION |
: |
N/A |
|
PAYMENT |
: |
N/A |
|
MANAGEMENT
CAPABILITY |
: |
AVERAGE |
|
COMMERCIAL
RISK |
: |
MODERATE |
|
CURRENCY
EXPOSURE |
: |
MODERATE |
|
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) trading of plastic raw
materials.
Share
Capital History
|
Date |
Issue
& Paid Up Capital |
|
05/11/2015 |
SGD
1,000.00 & USD 2,499,355.00 |
The
major shareholder(s) of the Subject are shown as follows :
Current
Shareholder(s) :
|
Name |
Address |
IC/PP/Loc
No |
Shareholding |
(%) |
|
GOODWIN
GLOBAL EQUITY LTD |
VANTERPOOL
PLAZA, WICKHAMS CAY I, ROAD TOWN TORTOLA, 2ND FLOOR, VIRGIN ISLANDS, BRITISH. |
T15UF2938C |
2,500,355.00 |
100.00 |
|
--------------- |
------ |
|||
|
2,500,355.00 |
100.00 |
|||
|
============ |
===== |
+
Also Director
DIRECTORS
|
DIRECTOR 1
|
Name
Of Subject |
: |
MR.
TAN LIAN KIOW @ CHIA BAK HUA |
|
Address |
: |
233,
TEMBELING ROAD, 05-01, STUDIOS @ TEMBELING, 423718, SINGAPORE. |
|
IC
/ PP No |
: |
S1126719Z |
|
Nationality |
: |
SINGAPOREAN |
|
Date
of Appointment |
: |
03/03/2014 |
|
MANAGEMENT |
|
1) |
Name
of Subject |
: |
TAN
LIAN KIOW @ CHIA BAK HUA |
|
Position |
: |
DIRECTOR |
AUDITOR
|
|
Auditor |
: |
AKBER
ALI & CO |
|
Auditor'
Address |
: |
N/A |
COMPANY
SECRETARIES
|
|
1) |
Company
Secretary |
: |
LISA
LIM MEI JING @ LIN MEIJING |
|
IC
/ PP No |
: |
S8432456F |
|
|
Address |
: |
562,
PASIR RIS STREET 51, 13-257, 510562, 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 |
: |
YES |
|
Overseas |
: |
YES |
|
Import
Countries |
: |
ASIA |
CLIENTELE
|
|
Local |
: |
YES |
|||
|
Domestic
Markets |
: |
SINGAPORE |
|||
|
Overseas |
: |
YES |
|||
|
Export
Market |
: |
WORLDWIDE |
|||
|
Credit
Term |
: |
N/A |
|||
|
Payment
Mode |
: |
CHEQUES |
|||
OPERATIONS
|
|
Goods
Traded |
: |
PLASTIC
RAW MATERIALS |
|
Total
Number of Employees: |
||
|
YEAR |
2015 |
|
|
GROUP |
N/A |
|
|
COMPANY |
3 |
|
|
Branch |
: |
NO |
Other
Information:
The Subject is principally engaged in the (as a / as an) trading of plastic raw
materials.
The Subject is engage in business of commodities like Polyester Yarn, Polymers
like PVC Resin, Pet Resins, PP/PE & PTA/MEG etc.
Due to rising demand of several other products, the Subject has expanded its
existing business portfolio to Series Special Inverter, VFD, and AC Drive
etc.
CURRENT
INVESTIGATION
|
Latest
fresh investigations carried out on the Subject indicated that :
|
Telephone
Number Provided By Client |
: |
N/A |
|
Current
Telephone Number |
: |
65-62263279 |
|
Match |
: |
N/A |
|
Address
Provided by Client |
: |
1
RAFFLES PLACE #28-02, OUB CENTRE, SINGAPORE-048616 |
|
Current
Address |
: |
1,
RAFFLES PLACE, 28-02, ONE RAFFLES PLACE, 048616, SINGAPORE. |
|
Match |
: |
NO |
Other
Investigations
We contacted one of the staff from the Subject and she provided some
information.
The address provided is as per stated in the report.
The Subject refused to disclose its bankers.
FINANCIAL
ANALYSIS
|
|
No
latest financial accounts are available at the Registry Office, thus we are
not able to comment on the Subject's financial performance. |
||||||
|
Overall
financial condition of the Subject : N/A |
||||||
SINGAPORE
ECONOMIC / INDUSTRY OUTLOOK
|
|
Major
Economic Indicators : |
2010 |
2011 |
2012 |
2013 |
2014 |
|
|
|||||
|
Population
(Million) |
5.08 |
5.18 |
5.31 |
5.40 |
5.47 |
|
Gross
Domestic Products ( % ) |
14.5 |
4.9 |
1.3 |
3.7 |
(3.5) |
|
Consumer
Price Index |
2.8 |
5.2 |
4.6 |
2.4 |
2.4 |
|
Total
Imports (Million) |
423,221.8 |
459,655.1 |
474,554.0 |
466,762.0 |
463,779.1 |
|
Total
Exports (Million) |
478,840.7 |
514,741.2 |
510,329.0 |
513,391.0 |
518,922.7 |
|
|
|||||
|
Unemployment
Rate (%) |
2.2 |
2.1 |
2.0 |
1.9 |
1.9 |
|
Tourist
Arrival (Million) |
11.64 |
13.17 |
14.49 |
15.46 |
15.01 |
|
Hotel
Occupancy Rate (%) |
85.6 |
86.5 |
86.4 |
86.3 |
85.5 |
|
Cellular
Phone Subscriber (Million) |
1.43 |
1.50 |
1.52 |
1.97 |
1.98 |
|
|
|||||
|
Registration
of New Companies (No.) |
29,798 |
32,317 |
31,892 |
37,288 |
41,589 |
|
Registration
of New Companies (%) |
12.8 |
8.5 |
(1.3) |
9.8 |
11.5 |
|
Liquidation
of Companies (No.) |
15,126 |
19,005 |
17,218 |
17,369 |
18,767 |
|
Liquidation
of Companies (%) |
(32.5) |
25.6 |
9.4 |
(5.3) |
8.0 |
|
|
|||||
|
Registration
of New Businesses (No.) |
23,978 |
23,494 |
24,788 |
22,893 |
35,773 |
|
Registration
of New Businesses (%) |
(10.78) |
2.02 |
5.51 |
1.70 |
56.30 |
|
Liquidation
of Businesses (No.) |
24,211 |
23,005 |
22,489 |
22,598 |
22,098 |
|
Liquidation
of Businesses (%) |
2.8 |
(5) |
(2.2) |
0.5 |
(2.2) |
|
|
|||||
|
Bankruptcy
Orders (No.) |
1,537 |
1,527 |
1,748 |
1,992 |
1,757 |
|
Bankruptcy
Orders (%) |
(25.3) |
(0.7) |
14.5 |
14.0 |
(11.8) |
|
Bankruptcy
Discharges (No.) |
2,252 |
1,391 |
1,881 |
2,584 |
3,546 |
|
Bankruptcy
Discharges (%) |
(26.3) |
(38.2) |
35.2 |
37.4 |
37.2 |
|
|
|||||
|
INDUSTRIES
( % of Growth ) : |
|||||
|
Agriculture |
|||||
|
Production
of Principal Crops |
(0.48) |
4.25 |
3.64 |
- |
|
|
Fish
Supply & Wholesale |
(10.5) |
12.10 |
(0.5) |
- |
2.80 |
|
|
|||||
|
Manufacturing
* |
92.8 |
100.0 |
100.3 |
102.0 |
|
|
Food,
Beverages & Tobacco |
96.4 |
100.0 |
103.5 |
103.5 |
105.0 |
|
Textiles |
122.1 |
100.0 |
104.0 |
87.1 |
74.9 |
|
Wearing
Apparel |
123.3 |
100.0 |
92.1 |
77.8 |
49.5 |
|
Leather
Products & Footwear |
81.8 |
100.0 |
98.6 |
109.8 |
95.9 |
|
Wood
& Wood Products |
104.0 |
100.0 |
95.5 |
107.4 |
112.0 |
|
Paper
& Paper Products |
106.1 |
100.0 |
97.4 |
103.2 |
103.4 |
|
Printing
& Media |
103.5 |
100.0 |
93.0 |
86.1 |
80.3 |
|
Crude
Oil Refineries |
95.6 |
100.0 |
99.4 |
93.5 |
85.6 |
|
Chemical
& Chemical Products |
97.6 |
100.0 |
100.5 |
104.1 |
114.0 |
|
Pharmaceutical
Products |
75.3 |
100.0 |
109.7 |
107.2 |
115.7 |
|
Rubber
& Plastic Products |
112.3 |
100.0 |
96.5 |
92.9 |
92.8 |
|
Non-metallic
Mineral |
92.5 |
100.0 |
98.2 |
97.6 |
82.2 |
|
Basic
Metals |
102.2 |
100.0 |
90.6 |
76.5 |
98.3 |
|
Fabricated
Metal Products |
103.6 |
100.0 |
104.3 |
105.1 |
105.1 |
|
Machinery
& Equipment |
78.5 |
100.0 |
112.9 |
114.5 |
124.0 |
|
Electrical
Machinery |
124.1 |
100.0 |
99.3 |
108.5 |
121.3 |
|
Electronic
Components |
113.6 |
100.0 |
90.6 |
94.3 |
95.0 |
|
Transport
Equipment |
94.0 |
100.0 |
106.3 |
107.5 |
103.2 |
|
|
|||||
|
Construction |
14.20 |
20.50 |
28.70 |
- |
22.00 |
|
Real
Estate |
21.3 |
25.4 |
31.9 |
- |
145.1 |
|
|
|||||
|
Services |
|||||
|
Electricity,
Gas & Water |
4.00 |
7.00 |
6.30 |
- |
|
|
Transport,
Storage & Communication |
12.80 |
7.40 |
5.30 |
- |
14.20 |
|
Finance
& Insurance |
(0.4) |
8.90 |
0.50 |
- |
6.00 |
|
Government
Services |
9.70 |
6.90 |
6.00 |
- |
|
|
Education
Services |
(0.9) |
(1.4) |
0.30 |
- |
5.98 |
|
|
|||||
|
*
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
|
|
Incorporated in 2007, the Subject is a Private
Limited company, focusing on trading of plastic raw materials. 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 1,000
& USD 2,499,355. However, with a strong backing from its shareholder, the
Subject enjoys timely financial assistance should the needs arise.
|
|
|
PROFIT
AND LOSS ACCOUNT
|
|
THE
FINANCIAL STATEMENTS WERE PREPARED IN ACCORDANCE WITH SINGAPORE FINANCIAL REPORTING
STANDARDS. |
|
SHREEJI
GLOBAL PTE. LTD. |
|
Financial
Year End |
2010-06-30 |
2009-06-30 |
|
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 |
4,548,095 |
1,120,593 |
|
---------------- |
---------------- |
|
|
Total
Turnover |
4,548,095 |
1,120,593 |
|
---------------- |
---------------- |
|
|
PROFIT/(LOSS)
FROM OPERATIONS |
79,483 |
38,686 |
|
---------------- |
---------------- |
|
|
PROFIT/(LOSS)
BEFORE TAXATION |
79,483 |
38,686 |
|
Taxation |
(690) |
- |
|
---------------- |
---------------- |
|
|
PROFIT/(LOSS)
AFTER TAXATION |
78,793 |
38,686 |
|
---------------- |
---------------- |
|
|
PROFIT/(LOSS)
BEFORE EXTRAORDINARY ITEMS |
78,793 |
38,686 |
|
---------------- |
---------------- |
|
|
PROFIT/(LOSS)
ATTRIBUTABLE TO SHAREHOLDERS |
78,793 |
38,686 |
|
RETAINED
PROFIT/(LOSS) BROUGHT FORWARD |
||
|
As
previously reported |
70,885 |
32,199 |
|
---------------- |
---------------- |
|
|
As
restated |
70,885 |
32,199 |
|
---------------- |
---------------- |
|
|
PROFIT
AVAILABLE FOR APPROPRIATIONS |
149,678 |
70,885 |
|
---------------- |
---------------- |
|
|
RETAINED
PROFIT/(LOSS) CARRIED FORWARD |
149,678 |
70,885 |
|
============= |
============= |
|
BALANCE
SHEET
|
|
SHREEJI
GLOBAL PTE. LTD. |
|
Trade
debtors |
764,415 |
- |
|
Other
debtors, deposits & prepayments |
228,314 |
128,304 |
|
Cash
& bank balances |
24,527 |
2,673 |
|
---------------- |
---------------- |
|
|
TOTAL
CURRENT ASSETS |
1,017,256 |
130,977 |
|
---------------- |
---------------- |
|
|
TOTAL
ASSET |
1,017,256 |
130,977 |
|
============= |
============= |
|
|
CURRENT
LIABILITIES |
||
|
Trade
creditors |
860,005 |
- |
|
Other
creditors & accruals |
6,238 |
59,447 |
|
Provision
for taxation |
690 |
- |
|
---------------- |
---------------- |
|
|
TOTAL
CURRENT LIABILITIES |
866,933 |
59,447 |
|
---------------- |
---------------- |
|
|
NET
CURRENT ASSETS/(LIABILITIES) |
150,323 |
71,530 |
|
---------------- |
---------------- |
|
|
TOTAL
NET ASSETS |
150,323 |
71,530 |
|
============= |
============= |
|
|
SHARE
CAPITAL |
||
|
Ordinary
share capital |
645 |
645 |
|
---------------- |
---------------- |
|
|
TOTAL
SHARE CAPITAL |
645 |
645 |
|
Retained
profit/(loss) carried forward |
149,678 |
70,885 |
|
---------------- |
---------------- |
|
|
TOTAL
RESERVES |
149,678 |
70,885 |
|
---------------- |
---------------- |
|
|
SHAREHOLDERS'
FUNDS/EQUITY |
150,323 |
71,530 |
|
---------------- |
---------------- |
|
|
150,323 |
71,530 |
|
|
============= |
============= |
|
FINANCIAL
RATIO
|
|
SHREEJI
GLOBAL PTE. LTD. |
|
TYPES
OF FUNDS |
||
|
Cash |
24,527 |
2,673 |
|
Net
Liquid Funds |
24,527 |
2,673 |
|
Net
Liquid Assets |
150,323 |
71,530 |
|
Net
Current Assets/(Liabilities) |
150,323 |
71,530 |
|
Net
Tangible Assets |
150,323 |
71,530 |
|
Net
Monetary Assets |
150,323 |
71,530 |
|
PROFIT
& LOSS ITEMS |
||
|
Earnings
Before Interest & Tax (EBIT) |
0 |
0 |
|
Earnings
Before Interest, Taxes, Depreciation And Amortization (EBITDA) |
0 |
0 |
|
BALANCE
SHEET ITEMS |
||
|
Total
Borrowings |
0 |
0 |
|
Total
Liabilities |
866,933 |
59,447 |
|
Total
Assets |
1,017,256 |
130,977 |
|
Net
Assets |
150,323 |
71,530 |
|
Net
Assets Backing |
150,323 |
71,530 |
|
Shareholders'
Funds |
150,323 |
71,530 |
|
Total
Share Capital |
645 |
645 |
|
Total
Reserves |
149,678 |
70,885 |
|
LIQUIDITY
(Times) |
||
|
Cash
Ratio |
0.03 |
0.04 |
|
Liquid
Ratio |
1.17 |
2.20 |
|
Current
Ratio |
1.17 |
2.20 |
|
WORKING
CAPITAL CONTROL (Days) |
||
|
Stock
Ratio |
0 |
0 |
|
Debtors
Ratio |
61 |
0 |
|
Creditors
Ratio |
69 |
0 |
|
SOLVENCY
RATIOS (Times) |
||
|
Gearing
Ratio |
0 |
0 |
|
Liabilities
Ratio |
5.77 |
0.83 |
|
Times
Interest Earned Ratio |
0 |
0 |
|
Assets
Backing Ratio |
150.32 |
71.53 |
|
PERFORMANCE
RATIO (%) |
||
|
Operating
Profit Margin |
1.75 |
3.45 |
|
Net
Profit Margin |
1.73 |
3.45 |
|
Return
On Net Assets |
52.87 |
54.08 |
|
Return
On Capital Employed |
52.87 |
54.08 |
|
Return
On Shareholders' Funds/Equity |
52.42 |
54.08 |
|
Dividend
Pay Out Ratio (Times) |
0 |
0 |
|
NOTES
TO ACCOUNTS |
||
|
Contingent
Liabilities |
0 |
0 |
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.65.68 |
|
|
1 |
Rs.101.02 |
|
Euro |
1 |
Rs.71.35 |
INFORMATION DETAILS
|
Analysis Done by
: |
KAS |
|
|
|
|
Report Prepared
by : |
ASH |
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.