|
Report No. : |
349823 |
|
Report Date : |
25.11.2015 |
IDENTIFICATION DETAILS
|
Name : |
G&J GOLDSMITHS & JEWELLERY PTE LTD |
|
|
|
|
Registered Office : |
2, |
|
|
|
|
Country : |
|
|
|
|
|
Financials (as on) : |
31.12.2014 |
|
|
|
|
Date of Incorporation : |
04.04.1991 |
|
|
|
|
Com. Reg. No.: |
199101510-H |
|
|
|
|
Legal Form : |
Exempt Private |
|
|
|
|
Line of Business : |
Subject is engaged in the trading in jewellery. |
|
|
|
|
No. of Employees : |
Not Available |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Status : |
Satisfactory |
|
Payment Behaviour : |
Slow but correct |
|
Litigation : |
Clear |
NOTES:
Any query related to this report can be made
on e-mail: infodept@mirainform.com
while quoting report number, name and date.
ECGC Country Risk Classification List – 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. |
: |
199101510-H |
|
COMPANY NAME |
: |
G&J GOLDSMITHS & JEWELLERY PTE LTD |
|
FORMER NAME |
: |
N/A |
|
INCORPORATION DATE |
: |
04/04/1991 |
|
|
|
|
|
|
|
|
|
COMPANY STATUS |
: |
EXIST |
|
LEGAL FORM |
: |
EXEMPT PRIVATE |
|
LISTED STATUS |
: |
NO |
|
|
|
|
|
|
|
|
|
REGISTERED ADDRESS |
: |
2, BUFFALO ROAD, 219780, SINGAPORE. |
|
BUSINESS ADDRESS |
: |
4A, BUFFALO ROAD, 219781, SINGAPORE. |
|
TEL.NO. |
: |
65-62923909 |
|
FAX.NO. |
: |
N/A |
|
EMAIL |
: |
GJGOLDSMITH@SINGNET.COM.SG |
|
WEB SITE |
: |
GJGOLDSMITHS.COM/ |
|
CONTACT PERSON |
: |
CHIA SIAN KHEAN ( MANAGING DIRECTOR ) |
|
|
|
|
|
|
|
|
|
PRINCIPAL ACTIVITY |
: |
TRADING IN JEWELLERY |
|
|
|
|
|
ISSUED AND PAID UP CAPITAL |
: |
2,000,000.00 ORDINARY SHARE, OF A VALUE OF SGD 2,000,000.00 |
|
|
|
|
|
SALES |
: |
SGD 145,309,693 [2014] |
|
NET WORTH |
: |
SGD 5,353,012 [2014] |
|
|
|
|
|
STAFF STRENGTH |
: |
N/A |
|
LITIGATION |
: |
CLEAR |
|
FINANCIAL CONDITION |
: |
STRONG |
|
PAYMENT |
: |
SLOW BUT CORRECT |
|
MANAGEMENT CAPABILITY |
: |
AVERAGE |
|
|
|
|
|
COMMERCIAL RISK |
: |
LOW |
|
CURRENCY EXPOSURE |
: |
MODERATE |
|
GENERAL REPUTATION |
: |
SATISFACTORY |
|
INDUSTRY OUTLOOK |
: |
MATURE |
HISTORY / BACKGROUND |
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) trading in
jewellery.
Share Capital History
|
Date |
Issue & Paid Up Capital |
|
13/11/2015 |
SGD 2,000,000.00 |
The major shareholder(s) of the Subject are shown as follows :
Current Shareholder(s) :
|
Name |
Address |
IC/PP/Loc No |
Shareholding |
(%) |
|
CHIA SIAN KHEAN + |
27, HUME AVENUE, 08-04, 598731, SINGAPORE. |
S1442277C |
600,000.00 |
30.00 |
|
THAM PHEK SANG |
24, BALAM ROAD , 05-118, 370024, MALAYSIA. |
S7161658D |
510,000.00 |
25.50 |
|
LAM LOY CHONG + |
95, SERANGOON ROAD, 218000, SINGAPORE. |
S0190293H |
370,000.00 |
18.50 |
|
LAM KHOON YOU @ LAU KHOON YOU + |
112, BEDOK RESERVOIR ROAD, 04-268, 470112, SINGAPORE. |
S0728050E |
160,000.00 |
8.00 |
|
CHONG MEI SANG + |
1, HUME AVENUE, 02-08, 598718, SINGAPORE. |
S2636024B |
140,000.00 |
7.00 |
|
TEO POH CHU |
186, PUNGGOL CENTRAL, 15-255, 820186, SINGAPORE. |
S0203828E |
40,000.00 |
2.00 |
|
VONG SIEW LEE |
232A, SERANGOON AVENUE 2, 14-127, 551232, SINGAPORE. |
S1520897Z |
40,000.00 |
2.00 |
|
LOO BEE KOON |
421, CHOA CHU KANG AVENUE 4, 07-222, 680421, MALAYSIA. |
S7867671Z |
30,000.00 |
1.50 |
|
LAM FOOK CHONG |
34, CHAI CHEE AVENUE, 19-250, 461034, SINGAPORE. |
S1557584J |
25,000.00 |
1.25 |
|
ALAN LAM SEN CHONG |
44, SPRINGLEAF GARDEN, 788204, SINGAPORE. |
S1411692C |
25,000.00 |
1.25 |
|
LEE TIEW NGIN MDM |
10, TAI KENG GARDENS, 535292, SINGAPORE. |
S0780337J |
20,000.00 |
1.00 |
|
CHONG KWEK WU |
115, BEDOK NORTH ROAD, 10-319, 460115, SINGAPORE. |
S0056753A |
20,000.00 |
1.00 |
|
CHERYL LAM JING WEN |
10, TAI KENG GARDENS, 535292, SINGAPORE. |
S7115863B |
10,000.00 |
0.50 |
|
MS. LAM SIEW LIN |
6, BISHAN STREET 25, 13-12, CLOVER BY THE PARK, 573975, SINGAPORE. |
S1710236B |
10,000.00 |
0.50 |
|
|
|
|
--------------- |
------ |
|
|
|
|
2,000,000.00 |
100.00 |
|
|
|
|
============ |
===== |
+ Also Director
DIRECTORS |
DIRECTOR 1
|
Name Of Subject |
: |
CHONG MEI SANG |
|
Address |
: |
1, HUME AVENUE, 02-08, 598718, SINGAPORE. |
|
IC / PP No |
: |
S2636024B |
|
|
|
|
|
|
|
|
|
|
|
|
|
Nationality |
: |
SINGAPOREAN |
|
Date of Appointment |
: |
07/05/1991 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
DIRECTOR 2
|
Name Of Subject |
: |
LAM KHOON YOU @ LAU KHOON YOU |
|
Address |
: |
112, BEDOK RESERVOIR ROAD, 04-268, 470112, SINGAPORE. |
|
IC / PP No |
: |
S0728050E |
|
|
|
|
|
|
|
|
|
|
|
|
|
Nationality |
: |
SINGAPOREAN |
|
Date of Appointment |
: |
14/10/1993 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
DIRECTOR 3
|
Name Of Subject |
: |
LAM LOY CHONG |
|
Address |
: |
95, SERANGOON ROAD, 218000, SINGAPORE. |
|
IC / PP No |
: |
S0190293H |
|
|
|
|
|
|
|
|
|
|
|
|
|
Nationality |
: |
SINGAPOREAN |
|
Date of Appointment |
: |
07/05/1991 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
DIRECTOR 4
|
Name Of Subject |
: |
CHIA SIAN KHEAN |
|
Address |
: |
27, HUME AVENUE, 08-04, 598731, SINGAPORE. |
|
IC / PP No |
: |
S1442277C |
|
|
|
|
|
|
|
|
|
|
|
|
|
Nationality |
: |
SINGAPOREAN |
|
Date of Appointment |
: |
04/04/1991 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
MANAGEMENT |
|
|
|
1) |
Name of Subject |
: |
CHIA SIAN KHEAN |
|
|
Position |
: |
MANAGING DIRECTOR |
|
|
|
|
|
AUDITOR |
|
Auditor |
: |
MHC PARTNERSHIP LLP |
|
Auditor' Address |
: |
N/A |
|
|
|
|
|
|
|
|
COMPANY SECRETARIES |
|
1) |
Company Secretary |
: |
CHIA SIAN KHEAN |
|
|
IC / PP No |
: |
S1442277C |
|
|
|
|
|
|
|
Address |
: |
27, HUME AVENUE, 08-04, 598731, SINGAPORE. |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
BANKING |
No Banker found in our databank.
ENCUMBRANCE (S) |
No encumbrance was found in our databank at the time of investigation.
LITIGATION CHECK AGAINST SUBJECT |
* A check has been conducted in our databank againt the Subject whether the
subject has been involved in any litigation.
No legal action was found in our databank.
No winding up petition was found in our databank.
PAYMENT RECORD |
|
|
|
|
|
SOURCES OF RAW MATERIALS: |
||
|
Local |
: |
N/A |
|
Overseas |
: |
N/A |
|
|
|
|
The Subject refused to disclose its supplier.
CLIENTELE |
|
Local |
: |
YES |
|||
|
|
|
|
|||
|
Overseas |
: |
YES |
|||
|
|
|
|
|||
|
Credit Term |
: |
N/A |
|||
|
|
|
|
|
|
|
|
Payment Mode |
: |
N/A |
|||
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
OPERATIONS |
|
Goods Traded |
: |
JEWELLERY
|
|
|
|
|
|
|
Branch |
: |
NO
|
Other Information:
The Subject is principally engaged in the (as a / as an) trading in jewellery.
The Subject is wholesaling of gold jewellery.
The Subject main products are gold chains and gold bracelets.
CURRENT INVESTIGATION |
Latest fresh investigations carried out on the Subject indicated that :
|
Telephone Number Provided By Client |
: |
6562923909 |
|
Current Telephone Number |
: |
65-62923909 |
|
Match |
: |
YES |
|
|
|
|
|
Address Provided by Client |
: |
4A, BUFFALO ROAD, BUFFALO RD, SINGAPORE 219781 |
|
Current Address |
: |
4A, BUFFALO ROAD, 219781, SINGAPORE. |
|
Match |
: |
NO |
|
|
|
|
Other Investigations
We contacted one of the staff from the Subject and she provided little
information.
She refused to disclose its fax number, number of employees and banker.
The correct address is as per the report.
FINANCIAL ANALYSIS |
|
Profitability |
|
|
|
|
|
|
|
Turnover |
: |
Erratic |
[ |
2010 - 2014 |
] |
|
|
Profit/(Loss) Before Tax |
: |
Decreased |
[ |
2010 - 2014 |
] |
|
|
Return on Shareholder Funds |
: |
Acceptable |
[ |
15.77% |
] |
|
|
Return on Net Assets |
: |
Acceptable |
[ |
17.56% |
] |
|
|
|
|
|
|
|
|
|
|
The fluctuating turnover reflects the fierce competition among the
existing and new market players.The Subject's profit fell sharply because of the
high operating costs incurred. The Subject's management had generated
acceptable return for its shareholders using its assets. |
||||||
|
|
|
|
|
|
|
|
|
Liquidity |
|
|
|
|
|
|
|
Current Ratio |
: |
Favourable |
[ |
1.68 Times |
] |
|
|
|
|
|
|
|
|
|
|
The Subject was in good liquidity position with its current
liabilities well covered by its current assets. With its net
current assets, the Subject should be able to repay its short term
obligations. |
||||||
|
|
|
|
|
|
|
|
|
Solvency |
|
|
|
|
|
|
|
Liability Ratio |
: |
Unfavourable |
[ |
1.47 Times |
] |
|
|
|
|
|
|
|
|
|
|
The Subject has high liabilities ratio and it may face financial
difficulties if no additional capital is injected. |
||||||
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Overall Assessment : |
|
|
|
|
|
|
|
The Subject recorded lower profits as its turnover showed a erratic
trend. The Subject's management was unable to control its costs efficiently
as its profit showed a downward trend. 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. The Subject's liabilities level was high and its going
concern will be in doubt if there is no injection of additional shareholders'
funds in times of economic downturn and / or high interest rates. |
||||||
|
|
|
|
|
|
|
|
|
Overall financial condition of the Subject : STRONG |
||||||
|
|
||||||
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 : |
MANUFACTURING |
|
|
|
|
|
|
|
In the third quarter of 2014, manufacturing output has increased by
1.9%, extending the 1.5% growth in the previous quarter. Growth was largely
driven by the biomedical manufacturing and chemicals clusters. Besides, for
the whole 2013, the manufacturing sector grew by 1.7%, an uptick from the
0.3% growth recorded in the previous year. All clusters recorded an expansion
in 2013, except the biomedical manufacturing cluster. |
|
|
|
|
|
The chemicals cluster grew by 5.2% in the third quarter of 2014.
Growth was led by the petrochemicals and specialty chemicals segments, which
expanded by 8.9% and 7.1% respectively. By contrast, the petroleum segment
contracted by 4.2% in the third quarter of 2014 due to plant maintenance
shutdowns. For the year of 2013, the chemicals cluster grew only by 0.7%. |
|
|
|
|
|
Besides, output of the biomedical manufacturing cluster expanded by
9.0% in the third quarter of 2014. The medical technology segment posted
robust growth of 23% due to higher production of medical instruments and supplies,
while the output of the pharmaceuticals segment rose by 6.2%. However, in the
whole of 2013, the biomedical manufacturing cluster recorded only a flat
growth. |
|
|
|
|
|
In the third quarter of 2014, the transport engineering cluster
contracted by 2.0%, dragged down by the aerospace segment. Output in the
aerospace segment plunged by 18% on the back of fewer repair jobs from
commercial airlines. This was mitigated by the 4.1% growth in the marine
& offshore engineering segment, which was supported by higher
contributions from rig building projects. Nonetheless, for the whole of 2013,
the transport engineering cluster grew by 5.2%. |
|
|
|
|
|
Moreover, output of the precision engineering cluster increased by
1.3% in the third quarter of 2014. The machinery & systems segment grew
by 6.2%, supported by higher demand for semiconductor-related equipment and
mechanical engineering work. This was partly offset by the decline in the
output of the precision modules & components segment. Conversely, in the
full year of 2013, the precision engineering cluster's output declined by
5.6%. |
|
|
|
|
|
Furthermore, in the third quarter of 2014, output of the general
manufacturing industries declined by 3.0%. The 2.1% growth in the food,
beverages & tobacco segment was more than offset by declines in the other
two segments. In particular, the miscellaneous industries segment contracted
by 4.7% on the back of lower output in construction-related products, such as
concrete & cement products and steel structural components. For the full
year of 2013, the general manufacturing cluster grew by 2.8%. |
|
|
|
|
|
Besides, in the third quarter of 2014, the electronics cluster
expanded by 0.9%, reversing the 5.0% contraction in the previous quarter.
Growth was supported by an expansion in the computer peripherals (6.3%) and
data storage (2.6%) segments. Moreover, for the year 2013, the electronics
cluster expanded by 3.5%. |
|
|
|
|
|
OVERALL INDUSTRY OUTLOOK : MATURE |
|
CREDIT RISK EVALUATION & RECOMMENDATION |
|
|
|
|
PROFIT AND LOSS ACCOUNT |
|
THE FINANCIAL STATEMENTS WERE PREPARED IN ACCORDANCE WITH SINGAPORE
FINANCIAL REPORTING STANDARDS. |
|
G&J GOLDSMITHS & JEWELLERY PTE LTD |
|
Financial Year End |
2014-12-31 |
2013-12-31 |
2012-12-31 |
2011-12-31 |
2010-12-31 |
|
Months |
12 |
12 |
12 |
12 |
12 |
|
Consolidated Account |
Company |
Company |
Company |
Company |
Company |
|
Audited Account |
YES |
YES |
YES |
YES |
YES |
|
Unqualified Auditor's Report (Clean Opinion) |
YES |
YES |
YES |
YES |
YES |
|
Financial Type |
SUMMARY |
SUMMARY |
SUMMARY |
SUMMARY |
SUMMARY |
|
Currency |
SGD |
SGD |
SGD |
SGD |
SGD |
|
|
|
|
|
|
|
|
TURNOVER |
145,309,693 |
168,921,008 |
99,612,031 |
101,673,418 |
79,334,067 |
|
|
---------------- |
---------------- |
---------------- |
---------------- |
---------------- |
|
Total Turnover |
145,309,693 |
168,921,008 |
99,612,031 |
101,673,418 |
79,334,067 |
|
|
---------------- |
---------------- |
---------------- |
---------------- |
---------------- |
|
|
|
|
|
|
|
|
PROFIT/(LOSS) FROM OPERATIONS |
954,068 |
1,453,045 |
757,664 |
793,974 |
1,109,563 |
|
|
---------------- |
---------------- |
---------------- |
---------------- |
---------------- |
|
PROFIT/(LOSS) BEFORE TAXATION |
954,068 |
1,453,045 |
757,664 |
793,974 |
1,109,563 |
|
Taxation |
(110,000) |
(150,000) |
(77,000) |
(117,000) |
(170,000) |
|
|
---------------- |
---------------- |
---------------- |
---------------- |
---------------- |
|
PROFIT/(LOSS) AFTER TAXATION |
844,068 |
1,303,045 |
680,664 |
676,974 |
939,563 |
|
|
---------------- |
---------------- |
---------------- |
---------------- |
---------------- |
|
RETAINED PROFIT/(LOSS) BROUGHT FORWARD |
|
|
|
|
|
|
As previously reported |
5,508,944 |
4,405,899 |
3,925,235 |
3,448,261 |
2,508,698 |
|
|
---------------- |
---------------- |
---------------- |
---------------- |
---------------- |
|
As restated |
5,508,944 |
4,405,899 |
3,925,235 |
3,448,261 |
2,508,698 |
|
|
---------------- |
---------------- |
---------------- |
---------------- |
---------------- |
|
PROFIT AVAILABLE FOR APPROPRIATIONS |
6,353,012 |
5,708,944 |
4,605,899 |
4,125,235 |
3,448,261 |
|
DIVIDENDS - Ordinary (paid & proposed) |
(3,000,000) |
(200,000) |
(200,000) |
(200,000) |
- |
|
|
---------------- |
---------------- |
---------------- |
---------------- |
---------------- |
|
RETAINED PROFIT/(LOSS) CARRIED FORWARD |
3,353,012 |
5,508,944 |
4,405,899 |
3,925,235 |
3,448,261 |
|
|
============= |
============= |
============= |
============= |
============= |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
BALANCE SHEET |
|
G&J GOLDSMITHS & JEWELLERY PTE LTD |
|
ASSETS EMPLOYED: |
|
|
|
|
|
|
FIXED ASSETS |
140,586 |
167,819 |
30,625 |
340,592 |
361,538 |
|
|
|
|
|
|
|
|
|
---------------- |
---------------- |
---------------- |
---------------- |
---------------- |
|
TOTAL LONG TERM ASSETS |
140,586 |
167,819 |
30,625 |
340,592 |
361,538 |
|
|
|
|
|
|
|
|
TOTAL CURRENT ASSETS |
13,065,072 |
13,201,302 |
10,296,487 |
9,804,212 |
9,674,906 |
|
|
---------------- |
---------------- |
---------------- |
---------------- |
---------------- |
|
TOTAL ASSET |
13,205,658 |
13,369,121 |
10,327,112 |
10,144,804 |
10,036,444 |
|
|
============= |
============= |
============= |
============= |
============= |
|
|
|
|
|
|
|
|
TOTAL CURRENT LIABILITIES |
7,773,819 |
5,763,832 |
3,921,213 |
4,219,569 |
4,575,946 |
|
|
---------------- |
---------------- |
---------------- |
---------------- |
---------------- |
|
NET CURRENT ASSETS/(LIABILITIES) |
5,291,253 |
7,437,470 |
6,375,274 |
5,584,643 |
5,098,960 |
|
|
---------------- |
---------------- |
---------------- |
---------------- |
---------------- |
|
TOTAL NET ASSETS |
5,431,839 |
7,605,289 |
6,405,899 |
5,925,235 |
5,460,498 |
|
|
============= |
============= |
============= |
============= |
============= |
|
|
|
|
|
|
|
|
SHARE CAPITAL |
|
|
|
|
|
|
Ordinary share capital |
2,000,000 |
2,000,000 |
2,000,000 |
2,000,000 |
2,000,000 |
|
|
---------------- |
---------------- |
---------------- |
---------------- |
---------------- |
|
TOTAL SHARE CAPITAL |
2,000,000 |
2,000,000 |
2,000,000 |
2,000,000 |
2,000,000 |
|
|
|
|
|
|
|
|
Retained profit/(loss) carried forward |
3,353,012 |
5,508,944 |
4,405,899 |
3,925,235 |
3,448,261 |
|
|
---------------- |
---------------- |
---------------- |
---------------- |
---------------- |
|
TOTAL RESERVES |
3,353,012 |
5,508,944 |
4,405,899 |
3,925,235 |
3,448,261 |
|
|
|
|
|
|
|
|
|
---------------- |
---------------- |
---------------- |
---------------- |
---------------- |
|
SHAREHOLDERS' FUNDS/EQUITY |
5,353,012 |
7,508,944 |
6,405,899 |
5,925,235 |
5,448,261 |
|
|
|
|
|
|
|
|
TOTAL LONG TERM LIABILITIES |
78,827 |
96,345 |
- |
- |
12,237 |
|
|
---------------- |
---------------- |
---------------- |
---------------- |
---------------- |
|
|
5,431,839 |
7,605,289 |
6,405,899 |
5,925,235 |
5,460,498 |
|
|
============= |
============= |
============= |
============= |
============= |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
FINANCIAL RATIO |
|
G&J GOLDSMITHS & JEWELLERY PTE LTD |
|
TYPES OF FUNDS |
|
|
|
|
|
|
Net Liquid Assets |
5,291,253 |
7,437,470 |
6,375,274 |
5,584,643 |
5,098,960 |
|
Net Current Assets/(Liabilities) |
5,291,253 |
7,437,470 |
6,375,274 |
5,584,643 |
5,098,960 |
|
Net Tangible Assets |
5,431,839 |
7,605,289 |
6,405,899 |
5,925,235 |
5,460,498 |
|
Net Monetary Assets |
5,212,426 |
7,341,125 |
6,375,274 |
5,584,643 |
5,086,723 |
|
|
|
|
|
|
|
|
BALANCE SHEET ITEMS |
|
|
|
|
|
|
Total Liabilities |
7,852,646 |
5,860,177 |
3,921,213 |
4,219,569 |
4,588,183 |
|
Total Assets |
13,205,658 |
13,369,121 |
10,327,112 |
10,144,804 |
10,036,444 |
|
Net Assets |
5,431,839 |
7,605,289 |
6,405,899 |
5,925,235 |
5,460,498 |
|
Net Assets Backing |
5,353,012 |
7,508,944 |
6,405,899 |
5,925,235 |
5,448,261 |
|
Shareholders' Funds |
5,353,012 |
7,508,944 |
6,405,899 |
5,925,235 |
5,448,261 |
|
Total Share Capital |
2,000,000 |
2,000,000 |
2,000,000 |
2,000,000 |
2,000,000 |
|
Total Reserves |
3,353,012 |
5,508,944 |
4,405,899 |
3,925,235 |
3,448,261 |
|
|
|
|
|
|
|
|
LIQUIDITY (Times) |
|
|
|
|
|
|
Current Ratio |
1.68 |
2.29 |
2.63 |
2.32 |
2.11 |
|
|
|
|
|
|
|
|
SOLVENCY RATIOS (Times) |
|
|
|
|
|
|
Liabilities Ratio |
1.47 |
0.78 |
0.61 |
0.71 |
0.84 |
|
Assets Backing Ratio |
2.72 |
3.80 |
3.20 |
2.96 |
2.73 |
|
|
|
|
|
|
|
|
PERFORMANCE RATIO (%) |
|
|
|
|
|
|
Operating Profit Margin |
0.66 |
0.86 |
0.76 |
0.78 |
1.40 |
|
Net Profit Margin |
0.58 |
0.77 |
0.68 |
0.67 |
1.18 |
|
Return On Net Assets |
17.56 |
19.11 |
11.83 |
13.40 |
20.32 |
|
Return On Capital Employed |
17.56 |
19.11 |
11.83 |
13.40 |
20.32 |
|
Return On Shareholders' Funds/Equity |
15.77 |
17.35 |
10.63 |
11.43 |
17.25 |
|
Dividend Pay Out Ratio (Times) |
3.55 |
0.15 |
0.29 |
0.30 |
- |
|
|
|
|
|
|
|
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.66.38 |
|
|
1 |
Rs.100.45 |
|
Euro |
1 |
Rs.70.55 |
INFORMATION DETAILS
|
Analysis Done by
: |
KAR |
|
|
|
|
Report Prepared
by : |
TPT |
RATING EXPLANATIONS
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
|
>86 |
Aaa |
Possesses an extremely sound financial base with the strongest capability
for timely payment of interest and principal sums |
Unlimited |
|
|
71-85 |
Aa |
Possesses adequate working capital. No caution needed for credit
transaction. It has above average (strong) capability for payment of interest
and principal sums |
Large |
|
|
56-70 |
A |
Financial & operational base are regarded healthy. General
unfavourable factors will not cause fatal effect. Satisfactory capability for
payment of interest and principal sums |
Fairly Large |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
|
|
11-25 |
Ca |
Adverse factors are apparent. Repayment of interest and principal sums
in default or expected to be in default upon maturity |
Limited with
full security |
|
|
<10 |
C |
Absolute credit risk exists. Caution needed to be exercised |
Credit not
recommended |
|
|
-- |
NB |
New Business |
-- |
|
This score serves as a reference to assess SC’s credit risk
and to set the amount of credit to be extended. It is calculated from a
composite of weighted scores obtained from each of the major sections of this
report. The assessed factors and their relative weights (as indicated through
%) are as follows:
Financial
condition (40%) Ownership
background (20%) Payment
record (10%)
Credit history
(10%) Market trend
(10%) Operational
size (10%)
This report is issued at your request without any
risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL)
or its officials.