|
Report No. : |
350007 |
|
Report Date : |
18.11.2015 |
IDENTIFICATION DETAILS
|
Name : |
ACALPO PTE LTD |
|
|
|
|
Registered Office : |
20, Malacca Street, 08-00, Malacca Centre,
048979 |
|
|
|
|
Country : |
Singapore |
|
|
|
|
Financials (as on) : |
30.06.2013 |
|
|
|
|
Date of Incorporation : |
05.02.1999 |
|
|
|
|
Com. Reg. No.: |
199900612-W |
|
|
|
|
Legal Form : |
Private Limited |
|
|
|
|
Line of Business : |
Trading of edible oil|. |
|
|
|
|
No. of Employee : |
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 – March 31, 2015
|
Country Name |
Previous Rating (31.12.2014) |
Current Rating (31.03.2015) |
|
Singapore |
A1 |
A1 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
|
Moderate |
B1 |
|
High |
B2 |
|
Very High |
C1 |
|
Restricted |
C2 |
|
Off-credit |
D |
SINGAPORE ECONOMIC OVERVIEW
Singapore has a highly developed and successful free-market economy. It enjoys a remarkably open and corruption-free environment, stable prices, and a per capita GDP higher than that of most developed countries. Unemployment is very low. The economy depends heavily on exports, particularly of consumer electronics, information technology products, medical and optical devices, pharmaceuticals, and on its vibrant transportation, business, and financial services sectors. The economy contracted 0.6% in 2009 as a result of the global financial crisis, but has continued to grow since 2010 on the strength of renewed exports. Growth in 2014 was slower at 2.9%, largely a result of soft demand for exports amid a sluggish global economy and weak growth in Singapore’s manufacturing sector. The government is attempting to restructure Singapore’s economy by weaning its dependence on foreign labor, addressing weak productivity, and increasing Singaporean wages. Singapore has attracted major investments in pharmaceuticals and medical technology production and will continue efforts to strengthen its position as Southeast Asia's leading financial and high-tech hub. Singapore is a member of the 12-nation Trans-Pacific Partnership free trade negotiations, the Regional Comprehensive Economic Partnership negotiations with the nine other ASEAN members plus Australia, China, India, Japan, South Korea and New Zealand, and in 2015, Singapore will form, with the other ASEAN members, the ASEAN Economic Community.
|
Source
: CIA |
|
REGISTRATION NO. |
: |
199900612-W |
||||
|
COMPANY NAME |
: |
ACALPO PTE LTD |
||||
|
FORMER NAME |
: |
N/A |
||||
|
INCORPORATION DATE |
: |
05/02/1999 |
||||
|
COMPANY STATUS |
: |
EXIST |
||||
|
LEGAL FORM |
: |
PRIVATE LIMITED |
||||
|
LISTED STATUS |
: |
NO |
||||
|
REGISTERED ADDRESS |
: |
20, MALACCA STREET, 08-00, MALACCA CENTRE,
048979, SINGAPORE. |
||||
|
BUSINESS ADDRESS |
: |
20 MALACCA STREET #08-00 MALACCA CENTRE,,
048979, SINGAPORE. |
||||
|
TEL.NO. |
: |
65-63244600 |
||||
|
FAX.NO. |
: |
65-63244656 |
||||
|
CONTACT PERSON |
: |
GAUTAM RAMPURIA ( DIRECTOR ) |
||||
|
PRINCIPAL ACTIVITY |
: |
TRADING OF EDIBLE OIL |
||||
|
ISSUED AND PAID UP CAPITAL |
: |
3,500,000.00 ORDINARY SHARE, OF A VALUE OF
SGD 3,500,000.00 |
||||
|
SALES |
: |
USD 82,825,402 [2013] |
||||
|
NET WORTH |
: |
USD 17,975,737 [2013] |
||||
|
STAFF STRENGTH |
: |
N/A |
||||
|
||||||
|
LITIGATION |
: |
CLEAR |
||||
|
FINANCIAL CONDITION |
: |
SATISFACTORY |
||||
|
PAYMENT |
: |
|||||
|
MANAGEMENT CAPABILITY |
: |
AVERAGESLOW BUT CORRECT |
||||
|
COMMERCIAL RISK |
: |
LOW |
||||
|
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 edible oil.
Share Capital History
|
Date |
Issue & Paid Up Capital |
|
06/11/2015 |
SGD 3,500,000.00 |
The major shareholder(s) of the Subject are
shown as follows :
Current Shareholder(s) :
|
Name |
Address |
IC/PP/Loc No |
Shareholding |
(%) |
|
ESTROIL HOLDINGS LIMITED |
P. O. BOX 957, ROAD TOWN, TORTOLA |
T08UF0429 |
3,500,000.00 |
100.00 |
|
--------------- |
------ |
|||
|
3,500,000.00 |
100.00 |
|||
|
============ |
===== |
+ Also Director
DIRECTORS
|
DIRECTOR 1
|
Name Of Subject |
: |
GAUTAM RAMPURIA |
|
Address |
: |
17A, BERRIMA ROAD, 299930, SINGAPORE. |
|
IC / PP No |
: |
S6864867Z |
|
Nationality |
: |
SINGAPOREAN |
|
Date of Appointment |
: |
16/03/1999 |
|
1) |
Name of Subject |
: |
GAUTAM RAMPURIA |
|
Position |
: |
DIRECTOR |
|
|
Auditor |
: |
J K MEDORA & CO LLP |
|
Auditor' Address |
: |
N/A |
|
1) |
Company Secretary |
: |
JEANNE SEET BENG CHOO |
|
IC / PP No |
: |
S1234059A |
|
|
Address |
: |
22, MALACCA STREET, 03-02, RB CAPITAL
BUILDING, 048980, SINGAPORE. |
|
Banking relations are maintained principally with :
|
1) |
Name |
: |
THE HONGKONG AND SHANGHAI BANKING
CORPORATION LIMITED |
|
2) |
Name |
: |
OVERSEA-CHINESE BANKING CORPORATION LIMITED |
|
3) |
Name |
: |
CITIBANK N.A. |
|
4) |
Name |
: |
STANDARD CHARTERED BANK |
ENCUMBRANCE (S)
|
|
Charge No |
Creation Date |
Charge Description |
Chargee Name |
Total Charge |
Status |
|
199901574 |
04/05/1999 |
N/A |
COOPERATIEVE CENTRALE
RAIFFEISENBOERENLEENBANK B.A |
- |
Unsatisfied |
|
C200303883 |
13/08/2003 |
N/A |
OVERSEA-CHINESE BANKING CORPORATION LIMITED |
2,800,000.00 |
Unsatisfied |
|
C200505168 |
29/08/2005 |
N/A |
DBS BANK LTD. |
- |
Unsatisfied |
|
C200708685 |
15/10/2007 |
N/A |
AUSTRALIA AND NEW ZEALAND BANKING GROUP
LIMITED |
- |
|
|
C200801518 |
06/02/2008 |
N/A |
CITIBANK N.A. |
- |
Unsatisfied |
|
C201009426 |
13/10/2010 |
N/A |
STANDARD CHARTERED BANK |
- |
Unsatisfied |
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 |
The Subject refused to provide any name of trade/service supplier and we are
unable to conduct any trade enquiry. However, from financial historical data we
conclude that :
|
OVERALL PAYMENT HABIT |
||||||||||||||
|
Prompt 0-30 Days |
[ |
] |
Good 31-60 Days |
[ |
] |
Average 61-90 Days |
[ |
X |
] |
|||||
|
Fair 91-120 Days |
[ |
] |
Poor >120 Days |
[ |
] |
|||||||||
CLIENTELE
|
|
Local |
: |
YES |
|||
|
Domestic Markets |
: |
SINGAPORE |
|||
|
Overseas |
: |
YES |
|||
|
Export Market |
: |
INDIA |
|||
|
Credit Term |
: |
N/A |
|||
|
Payment Mode |
: |
N/A |
|||
OPERATIONS
|
|
Goods Traded |
: |
EDIBLE OIL |
|
|
Total Number of Employees: |
|||||||||
|
YEAR |
2014 |
||||||||
|
GROUP |
N/A |
||||||||
|
COMPANY |
10 |
||||||||
|
Branch |
: |
NO |
Other Information:
The Subject is principally engaged in the (as a / as an) trading of edible oil.
The Subject refused to reveal any information on its Business Operation.
CURRENT INVESTIGATION
|
Latest fresh investigations carried out on
the Subject indicated that :
|
Telephone Number Provided By Client |
: |
N/A |
|
Current Telephone Number |
: |
65-63244600 |
|
Match |
: |
N/A |
|
Address Provided by Client |
: |
N/A |
|
Current Address |
: |
20 MALACCA STREET #08-00 MALACCA CENTRE,,
048979, SINGAPORE. |
|
Match |
: |
N/A |
Other Investigations
On 17th November 2015, we contacted one of the staff from the Subject and she
provided limited information.
She refused to disclose its number of employees.
|
Profitability |
||||||
|
Return on Shareholder Funds |
: |
Unfavourable |
[ |
1.25% |
] |
|
|
Return on Net Assets |
: |
Unfavourable |
[ |
4.73% |
] |
|
|
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 |
: |
Acceptable |
[ |
57 Days |
] |
|
|
Creditors Ratio |
: |
Favourable |
[ |
44 Days |
] |
|
|
As the Subject is a service oriented
company, the Subject does not need to keep stocks. The Subject's management was
quite efficient in handling its debtors. The Subject's debtors days were at
an acceptable range, thus the risk of its debts turning bad was minimised.
The Subject had a favourable creditors' ratio where the Subject could be
taking advantage of the cash discounts and also wanting to maintain goodwill
with its creditors. |
||||||
|
Liquidity |
||||||
|
Liquid Ratio |
: |
Favourable |
[ |
2.34 Times |
] |
|
|
Current Ratio |
: |
Favourable |
[ |
2.34 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 |
[ |
1.36 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 : |
||||||
|
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
: LIMITED |
||||||
|
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 |
|
|
|
|
|
|
THE FINANCIAL STATEMENTS WERE PREPARED IN
ACCORDANCE WITH SINGAPORE FINANCIAL REPORTING STANDARDS. |
|
Financial Year End |
2013-06-30 |
2011-12-31 |
|
Months |
18 |
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 |
82,825,402 |
95,781,999 |
|
Other Income |
134,265 |
170,574 |
|
---------------- |
---------------- |
|
|
Total Turnover |
82,959,667 |
95,952,573 |
|
---------------- |
---------------- |
|
|
PROFIT/(LOSS) FROM OPERATIONS |
224,185 |
584,037 |
|
---------------- |
---------------- |
|
|
PROFIT/(LOSS) BEFORE TAXATION |
224,185 |
584,037 |
|
Taxation |
(273) |
(63,094) |
|
---------------- |
---------------- |
|
|
PROFIT/(LOSS) AFTER TAXATION |
223,912 |
520,943 |
|
---------------- |
---------------- |
|
|
RETAINED PROFIT/(LOSS) BROUGHT FORWARD |
||
|
As previously reported |
19,071,033 |
22,850,090 |
|
---------------- |
---------------- |
|
|
As restated |
19,071,033 |
22,850,090 |
|
---------------- |
---------------- |
|
|
PROFIT AVAILABLE FOR APPROPRIATIONS |
19,294,945 |
23,371,033 |
|
DIVIDENDS - Ordinary (paid & proposed) |
(3,440,000) |
(4,300,000) |
|
---------------- |
---------------- |
|
|
RETAINED PROFIT/(LOSS) CARRIED FORWARD |
15,854,945 |
19,071,033 |
|
============= |
============= |
|
|
INTEREST EXPENSE (as per notes to P&L) |
||
|
Trust receipts |
395,377 |
324,632 |
|
Others |
231,061 |
329,702 |
|
---------------- |
---------------- |
|
|
626,438 |
654,334 |
|
|
============= |
============= |
|
|
DEPRECIATION (as per notes to P&L) |
24,975 |
- |
|
---------------- |
---------------- |
|
|
24,975 |
- |
|
|
============= |
|
ASSETS EMPLOYED: |
||
|
FIXED ASSETS |
25,025 |
- |
|
---------------- |
---------------- |
|
|
TOTAL LONG TERM ASSETS |
25,025 |
- |
|
Trade debtors |
12,827,823 |
10,983,709 |
|
Other debtors, deposits & prepayments |
77,445 |
240,383 |
|
Amount due from holding company |
15,388,243 |
9,647,000 |
|
Cash & bank balances |
2,971,472 |
6,144,125 |
|
Others |
131,054 |
199,609 |
|
---------------- |
---------------- |
|
|
TOTAL CURRENT ASSETS |
31,396,037 |
27,214,826 |
|
---------------- |
---------------- |
|
|
TOTAL ASSET |
31,421,062 |
27,214,826 |
|
============= |
============= |
|
|
CURRENT LIABILITIES |
||
|
Trade creditors |
9,978,549 |
2,058,354 |
|
Other creditors & accruals |
3,828 |
104,138 |
|
Provision for taxation |
5,556 |
134,643 |
|
Other liabilities |
3,457,392 |
3,725,866 |
|
---------------- |
---------------- |
|
|
TOTAL CURRENT LIABILITIES |
13,445,325 |
6,023,001 |
|
---------------- |
---------------- |
|
|
NET CURRENT ASSETS/(LIABILITIES) |
17,950,712 |
21,191,825 |
|
---------------- |
---------------- |
|
|
TOTAL NET ASSETS |
17,975,737 |
21,191,825 |
|
============= |
============= |
|
|
SHARE CAPITAL |
||
|
Ordinary share capital |
2,120,792 |
2,120,792 |
|
---------------- |
---------------- |
|
|
TOTAL SHARE CAPITAL |
2,120,792 |
2,120,792 |
|
Retained profit/(loss) carried forward |
15,854,945 |
19,071,033 |
|
---------------- |
---------------- |
|
|
TOTAL RESERVES |
15,854,945 |
19,071,033 |
|
---------------- |
---------------- |
|
|
SHAREHOLDERS' FUNDS/EQUITY |
17,975,737 |
21,191,825 |
|
---------------- |
---------------- |
|
|
17,975,737 |
21,191,825 |
|
|
============= |
============= |
|
|
TYPES OF FUNDS |
||
|
Cash |
2,971,472 |
6,144,125 |
|
Net Liquid Funds |
2,971,472 |
6,144,125 |
|
Net Liquid Assets |
17,950,712 |
21,191,825 |
|
Net Current Assets/(Liabilities) |
17,950,712 |
21,191,825 |
|
Net Tangible Assets |
17,975,737 |
21,191,825 |
|
Net Monetary Assets |
17,950,712 |
21,191,825 |
|
PROFIT & LOSS ITEMS |
||
|
Earnings Before Interest & Tax (EBIT) |
850,623 |
1,238,371 |
|
Earnings Before Interest, Taxes,
Depreciation And Amortization (EBITDA) |
875,598 |
1,238,371 |
|
BALANCE SHEET ITEMS |
||
|
Total Borrowings |
0 |
0 |
|
Total Liabilities |
13,445,325 |
6,023,001 |
|
Total Assets |
31,421,062 |
27,214,826 |
|
Net Assets |
17,975,737 |
21,191,825 |
|
Net Assets Backing |
17,975,737 |
21,191,825 |
|
Shareholders' Funds |
17,975,737 |
21,191,825 |
|
Total Share Capital |
2,120,792 |
2,120,792 |
|
Total Reserves |
15,854,945 |
19,071,033 |
|
LIQUIDITY (Times) |
||
|
Cash Ratio |
0.22 |
1.02 |
|
Liquid Ratio |
2.34 |
4.52 |
|
Current Ratio |
2.34 |
4.52 |
|
WORKING CAPITAL CONTROL (Days) |
||
|
Stock Ratio |
0 |
0 |
|
Debtors Ratio |
57 |
42 |
|
Creditors Ratio |
44 |
8 |
|
SOLVENCY RATIOS (Times) |
||
|
Gearing Ratio |
0 |
0 |
|
Liabilities Ratio |
0.75 |
0.28 |
|
Times Interest Earned Ratio |
1.36 |
1.89 |
|
Assets Backing Ratio |
8.48 |
9.99 |
|
PERFORMANCE RATIO (%) |
||
|
Operating Profit Margin |
0.27 |
0.61 |
|
Net Profit Margin |
0.27 |
0.54 |
|
Return On Net Assets |
4.73 |
5.84 |
|
Return On Capital Employed |
4.73 |
5.84 |
|
Return On Shareholders' Funds/Equity |
1.25 |
2.46 |
|
Dividend Pay Out Ratio (Times) |
15.36 |
8.25 |
|
NOTES TO ACCOUNTS |
||
|
Contingent Liabilities |
0 |
0 |
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.65.98 |
|
|
1 |
Rs.100.11 |
|
Euro |
1 |
Rs.70.35 |
INFORMATION DETAILS
|
Analysis Done by
: |
KAR |
|
|
|
|
Report Prepared
by : |
ANK |
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.