|
Report No. : |
351412 |
|
Report Date : |
26.11.2015 |
IDENTIFICATION DETAILS
|
Name : |
DI-SORIC PTE. LTD. |
|
|
|
|
Registered Office : |
8, UBI Road 2, 07-13, Zervex, 408538 |
|
|
|
|
Country : |
Singapore |
|
|
|
|
Financials (as on) : |
31.12.2014 |
|
|
|
|
Date of Incorporation : |
05.08.2011 |
|
|
|
|
Com. Reg. No.: |
201118700-W |
|
|
|
|
Legal Form : |
Private Limited |
|
|
|
|
Line of Business : |
Trading of sensors and lightings. |
|
|
|
|
No. of Employee : |
Not Available |
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 : |
Slow |
|
|
|
|
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. |
: |
201118700-W |
|
COMPANY NAME |
: |
DI-SORIC PTE. LTD. |
|
FORMER NAME |
: |
N/A |
|
INCORPORATION DATE |
: |
05/08/2011 |
|
COMPANY STATUS |
: |
EXIST |
|
LEGAL FORM |
: |
PRIVATE LIMITED |
|
LISTED STATUS |
: |
NO |
|
REGISTERED ADDRESS |
: |
8, UBI ROAD 2, 07-13, ZERVEX, 408538,
SINGAPORE. |
|
BUSINESS ADDRESS |
: |
8, UBI ROAD 2, 07-13, ZERVEX, 408538,
SINGAPORE. |
|
TEL.NO. |
: |
65-66343843 |
|
FAX.NO. |
: |
65-66343844 |
|
WEB SITE |
: |
WWW.DI-SORIC.COM |
|
CONTACT PERSON |
: |
LEE SOON WAH ( MANAGING DIRECTOR ) |
|
PRINCIPAL ACTIVITY |
: |
TRADING OF SENSORS AND LIGHTINGS |
|
ISSUED AND PAID UP CAPITAL |
: |
100,000.00 ORDINARY SHARE, OF A VALUE OF
SGD 100,000.00 |
|
SALES |
: |
EUR 208,384 [2014] |
|
NET WORTH |
: |
EUR (48,872) [2014] |
|
STAFF STRENGTH |
: |
N/A |
|
LITIGATION |
: |
CLEAR |
|
FINANCIAL CONDITION |
: |
POOR |
|
PAYMENT |
: |
SLOW |
|
MANAGEMENT CAPABILITY |
: |
AVERAGE |
|
COMMERCIAL RISK |
: |
N/A |
|
CURRENCY EXPOSURE |
: |
N/A |
|
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 sensors and lightings.
Share Capital History
|
Date |
Issue & Paid Up Capital |
|
25/11/2015 |
SGD 100,000.00 |
The major shareholder(s) of the Subject are
shown as follows :
Current Shareholder(s) :
|
Name |
Address |
IC/PP/Loc No |
Shareholding |
(%) |
|
DI-SORIC SENSORS GMBH |
STEINBEISSTRASSE 6, URBACH |
T11UF3153 |
100,000.00 |
100.00 |
|
--------------- |
------ |
|||
|
100,000.00 |
100.00 |
|||
|
============ |
===== |
+ Also Director
DIRECTORS
|
DIRECTOR 1
|
Name Of Subject |
: |
PETER MATHIAS EISEMANN |
|
Address |
: |
SCHORNDORF, THEODOR-KORNERSTRABE 8/1,
GERMANY. |
|
IC / PP No |
: |
C8HNPZ7GK |
|
Nationality |
: |
GERMAN |
|
Date of Appointment |
: |
05/08/2011 |
DIRECTOR 2
|
Name Of Subject |
: |
STANLEY LEE SOON WAH |
|
Address |
: |
560, HOUGANG STREET 51, 14-402, 530560,
SINGAPORE. |
|
IC / PP No |
: |
S1691368E |
|
Nationality |
: |
SINGAPOREAN |
|
Date of Appointment |
: |
10/11/2014 |
|
1) |
Name of Subject |
: |
LEE SOON WAH |
|
Position |
: |
MANAGING DIRECTOR |
|
|
Auditor |
: |
R CHAN & ASSOCIATES PAC |
|
Auditor' Address |
: |
N/A |
|
1) |
Company Secretary |
: |
SONG KWONG YUEN |
|
IC / PP No |
: |
S0017138G |
|
|
Address |
: |
6, HOUGANG STREET 92, 05-05, REGENTVILLE,
538685, SINGAPORE. |
|
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 suppliers.
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 |
: |
N/A |
|
Overseas |
: |
N/A |
The Subject refused to disclose its clientele.
OPERATIONS
|
|
Goods Traded |
: |
SENSORS AND LIGHTINGS |
|
|
Branch |
: |
NO |
Other Information:
The Subject is principally engaged in the (as a / as an) trading of sensors and
lightings.
The Subject is specialized in the sensors for industrial automation.
CURRENT INVESTIGATION
|
Latest fresh investigations carried out on
the Subject indicated that :
|
Telephone Number Provided By Client |
: |
N/A |
|
Current Telephone Number |
: |
65-66343843 |
|
Match |
: |
N/A |
|
Address Provided by Client |
: |
8UBI ROAD 2, #07-13 ZEREVEX 408538 |
|
Current Address |
: |
8, UBI ROAD 2, 07-13, ZERVEX, 408538,
SINGAPORE. |
|
Match |
: |
NO |
Other Investigations
On 24th November 2015 we contacted one of the staff from the Subject and he
provided some information.
The address provided is incomplete.
The Subject refused to disclose its number of employees and bankers.
|
Profitability |
||||||
|
Turnover |
: |
Decreased |
[ |
0.12% |
] |
|
|
Profit/(Loss) Before Tax |
: |
Increased |
[ |
(19,317.52%) |
] |
|
|
Return on Shareholder Funds |
: |
Unfavourable |
[ |
147.40% |
] |
|
|
Return on Net Assets |
: |
Unfavourable |
[ |
(142.87%) |
] |
|
|
The lower turnover could be due to the
unfavourable market conditions.Higher losses before tax during the year could
be due to the higher operating costs incurred. Although the Subject's returns
showed positive figures it is not reflective of the true situation. The
Subject incurred losses during the year and its shareholders' funds have
turned red. The positive returns on shareholders' funds is the result of
losses divided by negative shareholders' funds. The Subject's management was
inefficient in utilising the assets to generate returns. |
||||||
|
Working Capital Control |
||||||
|
Stock Ratio |
: |
Favourable |
[ |
46 Days |
] |
|
|
Debtor Ratio |
: |
Favourable |
[ |
15 Days |
] |
|
|
Creditors Ratio |
: |
Favourable |
[ |
0 Days |
] |
|
|
The Subject's stocks were moving fast thus
reducing its holding cost. This had reduced funds being tied up in stocks. The
favourable debtors' days could be due to the good credit control measures
implemented by the Subject. The Subject had a favourable creditors' ratio
where the Subject could be taking advantage of the cash discounts and also
wanting to maintain goodwill with its creditors. |
||||||
|
Liquidity |
||||||
|
Liquid Ratio |
: |
Unfavourable |
[ |
0.62 Times |
] |
|
|
Current Ratio |
: |
Unfavourable |
[ |
0.82 Times |
] |
|
|
A low liquid ratio means that the Subject may
be facing working capital deficiency. If the Subject cannot obtain additional
financing or injection of fresh capital, it may face difficulties in meeting
its short term obligations. |
||||||
|
Solvency |
||||||
|
Interest Cover |
: |
Unfavourable |
[ |
(37.40 Times) |
] |
|
|
Gearing Ratio |
: |
Unfavourable |
[ |
(0.14 Times) |
] |
|
|
The Subject incurred losses in the year. It
did not generate sufficient income to service its interest. If the situation
does not improve, the Subject may be vulnerable to default in servicing the
interest. The Subject's gearing was negative during the year as its
shareholders' funds was in the red. This means the Subject is running its
business using borrowed money. We consider the Subject as facing high
financial risks. |
||||||
|
Overall Assessment : |
||||||
|
The Subject's losses could be attributed to
the lower turnover which in turn could be the result of unfavourable market conditions.
Due to its weak liquidity position, the Subject will be faced with problems
in meeting all its short term obligations if no short term loan is obtained
or additional capital injected into the Subject. The Subject's interest cover
was negative, indicating that it did not generate sufficient income to
service its interest. If its result does not show impressive improvements or
succeed obtaining short term financing or capital injection, it may not be
able to service its interest and repay the loans. The Subject has high
financial risks. If its shareholders do not inject more capital into the
company or if its business performance does not improve, its going concern
may be in question. |
||||||
|
Overall financial condition of the Subject
: POOR |
||||||
|
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
|
|
|
|
|
|
THE FINANCIAL STATEMENTS WERE PREPARED IN
ACCORDANCE WITH SINGAPORE FINANCIAL REPORTING STANDARDS. |
|
Financial Year End |
2014-12-31 |
2013-12-31 |
|
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 |
208,384 |
208,624 |
|
---------------- |
---------------- |
|
|
Total Turnover |
208,384 |
208,624 |
|
---------------- |
---------------- |
|
|
PROFIT/(LOSS) FROM OPERATIONS |
(72,039) |
(371) |
|
---------------- |
---------------- |
|
|
PROFIT/(LOSS) BEFORE TAXATION |
(72,039) |
(371) |
|
---------------- |
---------------- |
|
|
PROFIT/(LOSS) AFTER TAXATION |
(72,039) |
(371) |
|
---------------- |
---------------- |
|
|
RETAINED PROFIT/(LOSS) BROUGHT FORWARD |
||
|
As previously reported |
(33,663) |
(33,292) |
|
---------------- |
---------------- |
|
|
As restated |
(33,663) |
(33,292) |
|
---------------- |
---------------- |
|
|
PROFIT AVAILABLE FOR APPROPRIATIONS |
(105,702) |
(33,663) |
|
---------------- |
---------------- |
|
|
RETAINED PROFIT/(LOSS) CARRIED FORWARD |
(105,702) |
(33,663) |
|
============= |
============= |
|
|
INTEREST EXPENSE (as per notes to P&L) |
||
|
Hire purchase |
1,223 |
1,253 |
|
Term loan / Borrowing |
(2) |
405 |
|
Others |
655 |
742 |
|
---------------- |
---------------- |
|
|
1,876 |
2,400 |
|
|
============= |
============= |
|
|
DEPRECIATION (as per notes to P&L) |
6,444 |
2,835 |
|
---------------- |
---------------- |
|
|
6,444 |
2,835 |
|
|
============= |
============= |
|
DI-SORIC PTE. LTD. |
|
ASSETS EMPLOYED: |
||
|
FIXED ASSETS |
73,778 |
45,847 |
|
---------------- |
---------------- |
|
|
TOTAL LONG TERM ASSETS |
73,778 |
45,847 |
|
Stocks |
26,452 |
36,283 |
|
Trade debtors |
8,366 |
9,080 |
|
Other debtors, deposits & prepayments |
6,589 |
3,157 |
|
Cash & bank balances |
69,923 |
17,573 |
|
---------------- |
---------------- |
|
|
TOTAL CURRENT ASSETS |
111,330 |
66,093 |
|
---------------- |
---------------- |
|
|
TOTAL ASSET |
185,108 |
111,940 |
|
============= |
============= |
|
|
Other creditors & accruals |
47,820 |
12,427 |
|
Amounts owing to related companies |
60,937 |
16,776 |
|
Amounts owing to director |
- |
33 |
|
Lease payables |
2,243 |
6,526 |
|
Other liabilities |
25,000 |
25,405 |
|
---------------- |
---------------- |
|
|
TOTAL CURRENT LIABILITIES |
136,000 |
61,167 |
|
---------------- |
---------------- |
|
|
NET CURRENT ASSETS/(LIABILITIES) |
(24,670) |
4,926 |
|
---------------- |
---------------- |
|
|
TOTAL NET ASSETS |
49,108 |
50,773 |
|
============= |
============= |
|
|
SHARE CAPITAL |
||
|
Ordinary share capital |
56,830 |
56,830 |
|
---------------- |
---------------- |
|
|
TOTAL SHARE CAPITAL |
56,830 |
56,830 |
|
Retained profit/(loss) carried forward |
(105,702) |
(33,663) |
|
---------------- |
---------------- |
|
|
TOTAL RESERVES |
(105,702) |
(33,663) |
|
---------------- |
---------------- |
|
|
SHAREHOLDERS' FUNDS/EQUITY |
(48,872) |
23,167 |
|
Lease obligations |
6,802 |
27,606 |
|
Others |
91,178 |
- |
|
---------------- |
---------------- |
|
|
TOTAL LONG TERM LIABILITIES |
97,980 |
27,606 |
|
---------------- |
---------------- |
|
|
49,108 |
50,773 |
|
|
============= |
============= |
|
|
TYPES OF FUNDS |
||
|
Cash |
69,923 |
17,573 |
|
Net Liquid Funds |
69,923 |
17,573 |
|
Net Liquid Assets |
(51,122) |
(31,357) |
|
Net Current Assets/(Liabilities) |
(24,670) |
4,926 |
|
Net Tangible Assets |
49,108 |
50,773 |
|
Net Monetary Assets |
(149,102) |
(58,963) |
|
PROFIT & LOSS ITEMS |
||
|
Earnings Before Interest & Tax (EBIT) |
0 |
0 |
|
Earnings Before Interest, Taxes,
Depreciation And Amortization (EBITDA) |
(63,719) |
4,864 |
|
BALANCE SHEET ITEMS |
||
|
Total Borrowings |
6,802 |
27,606 |
|
Total Liabilities |
233,980 |
88,773 |
|
Total Assets |
185,108 |
111,940 |
|
Net Assets |
49,108 |
50,773 |
|
Net Assets Backing |
(48,872) |
23,167 |
|
Shareholders' Funds |
(48,872) |
23,167 |
|
Total Share Capital |
56,830 |
56,830 |
|
Total Reserves |
(105,702) |
(33,663) |
|
LIQUIDITY (Times) |
||
|
Cash Ratio |
0.51 |
0.29 |
|
Liquid Ratio |
0.62 |
0.49 |
|
Current Ratio |
0.82 |
1.08 |
|
WORKING CAPITAL CONTROL (Days) |
||
|
Stock Ratio |
46 |
63 |
|
Debtors Ratio |
15 |
16 |
|
Creditors Ratio |
0 |
0 |
|
SOLVENCY RATIOS (Times) |
||
|
Gearing Ratio |
(0.14) |
1.19 |
|
Liabilities Ratio |
(4.79) |
3.83 |
|
Times Interest Earned Ratio |
(37.40) |
0.85 |
|
Assets Backing Ratio |
0.86 |
0.89 |
|
PERFORMANCE RATIO (%) |
||
|
Operating Profit Margin |
(34.57) |
(0.18) |
|
Net Profit Margin |
(34.57) |
(0.18) |
|
Return On Net Assets |
(142.87) |
4.00 |
|
Return On Capital Employed |
(142.87) |
4.00 |
|
Return On Shareholders' Funds/Equity |
147.40 |
(1.60) |
|
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.66.38 |
|
|
1 |
Rs.100.45 |
|
Euro |
1 |
Rs.70.55 |
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.