|
Report No. : |
346207 |
|
Report Date : |
26.10.2015 |
IDENTIFICATION DETAILS
|
Name : |
SF GLOBAL PTE. LTD. |
|
|
|
|
Registered Office : |
1, North Bridge Road, 19-04, High Street Centre, 179094 |
|
|
|
|
Country : |
Singapore |
|
|
|
|
Financials (as on) : |
31.03.2014 |
|
|
|
|
Date of Incorporation : |
18.07.2012 |
|
|
|
|
Com. Reg. No.: |
201217847-G |
|
|
|
|
Legal Form : |
Private Limited |
|
|
|
|
Line of Business : |
The Subject is principally engaged in the (as a / as an) general
wholesale trade & other investment holding companies. [We tried to confirm / obtain the detailed activity but the same is
not available from any sources] |
|
|
|
|
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 : |
No complaints |
|
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. |
: |
201217847-G |
|
COMPANY NAME |
: |
SF GLOBAL PTE. LTD. |
|
FORMER NAME |
: |
N/A |
|
INCORPORATION DATE |
: |
18/07/2012 |
|
COMPANY STATUS |
: |
EXIST |
|
LEGAL FORM |
: |
PRIVATE LIMITED |
|
LISTED STATUS |
: |
NO |
|
REGISTERED ADDRESS |
: |
1, NORTH BRIDGE ROAD, 19-04, HIGH STREET CENTRE, 179094, SINGAPORE. |
|
BUSINESS ADDRESS |
: |
1, NORTH BRIDGE ROAD, 19-04, HIGH STREET CENTRE, 179094, SINGAPORE. |
|
TEL.NO. |
: |
65-63372472 |
|
FAX.NO. |
: |
65-63382844 |
|
CONTACT PERSON |
: |
RAVINDRA KUMAR ARORA ( DIRECTOR ) |
|
PRINCIPAL ACTIVITY |
: |
GENERAL WHOLESALE TRADE & OTHER INVESTMENT HOLDING COMPANIES |
|
ISSUED AND PAID UP CAPITAL |
: |
17,445.00 ORDINARY SHARE, OF A VALUE OF SGD 17,445.00 |
|
SALES |
: |
USD 15,375,805 [2014] |
|
NET WORTH |
: |
USD 410,225 [2014] |
|
BANKER (S) |
CITIBANK N.A. |
|
|
STAFF STRENGTH |
: |
N/A |
|
LITIGATION |
: |
CLEAR |
|
FINANCIAL CONDITION |
: |
LIMITED |
|
PAYMENT |
: |
AVERAGE |
|
MANAGEMENT CAPABILITY |
: |
AVERAGE |
|
COMMERCIAL RISK |
: |
N/A |
|
CURRENCY EXPOSURE |
: |
N/A |
|
GENERAL REPUTATION |
: |
SATISFACTORY |
|
INDUSTRY OUTLOOK |
: |
AVERAGE GROWTH |
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) general
wholesale trade & other investment holding companies.
The ultimate holding company of the Subject is SF DYES PVT LTD, a
company incorporated in INDIA.
Share Capital History
|
Date |
Issue & Paid Up Capital |
|
22/10/2015 |
SGD 17,445.00 & USD 189,000.00 |
The major shareholder(s) of the Subject are shown as follows :
Current Shareholder(s) :
|
Name |
Address |
IC/PP/Loc No |
Shareholding |
(%) |
|
SF DYES PVT LTD |
HAUGE BUILDING, 2, SPROTT ROAD, BALLARD ESTATE, MUMBAI, 400026, INDIA. |
T12UF3841 |
206,445.00 |
100.00 |
|
--------------- |
------ |
|||
|
206,445.00 |
100.00 |
|||
|
============ |
===== |
+ Also Director
The Subject's interest in other companies (Subsidiaries/Associates) are
shown as follow :
|
Local No |
Country |
Company |
Status |
(%) |
As At |
|
201417617G |
SINGAPORE |
SFG INVESTMENTS PTE. LTD. |
- |
100.00 |
22/10/2015 |
|
201417618W |
SINGAPORE |
SFG CAPITAL PTE. LTD. |
- |
100.00 |
22/10/2015 |
DIRECTOR 1
|
Name Of Subject |
: |
MR. VANGAL RANGARAJAN RANGANATHAN |
|
Address |
: |
207, SERANGOON CENTRAL, 11-198, 550207, SINGAPORE. |
|
IC / PP No |
: |
S2662860A |
|
Nationality |
: |
SINGAPOREAN |
|
Date of Appointment |
: |
18/07/2012 |
DIRECTOR 2
|
Name Of Subject |
: |
AAKASH RAKESH SACHDEV |
|
Address |
: |
11, WHITE HOUSE, 50, G PEDDAR ROAD MUMBAI, 400026, INDIA. |
|
IC / PP No |
: |
Z2864532 |
|
Nationality |
: |
INDIAN |
|
Date of Appointment |
: |
18/07/2012 |
DIRECTOR 3
|
Name Of Subject |
: |
RAKESH FAKIRCHAND SACHDEV |
|
Address |
: |
11, WHITE HOUSE, 50, G GOPALRAO DESHMUKH MARG, MUMBAI, 400026, INDIA. |
|
IC / PP No |
: |
Z2085486 |
|
Nationality |
: |
INDIAN |
|
Date of Appointment |
: |
22/09/2015 |
|
1) |
Name of Subject |
: |
RAVINDRA KUMAR ARORA |
|
Position |
: |
DIRECTOR |
|
Auditor |
: |
NATARAJAN & SWAMINATHAN |
|
Auditor' Address |
: |
N/A |
|
1) |
Company Secretary |
: |
MR. VANGAL RANGARAJAN RANGANATHAN |
|
IC / PP No |
: |
S2662860A |
|
|
Address |
: |
207, SERANGOON CENTRAL, 11-198, 550207, SINGAPORE. |
|
Banking relations are maintained principally with :
|
1) |
Name |
: |
CITIBANK N.A. |
|
Charge No |
Creation Date |
Charge Description |
Chargee Name |
Total Charge |
Status |
|
C201504669 |
16/04/2015 |
N/A |
CITIBANK N.A. |
USD 100,000.00 |
Unsatisfied |
|
C201504672 |
16/04/2015 |
N/A |
CITIBANK N.A. |
- |
Unsatisfied |
|
C201511536 |
07/10/2015 |
N/A |
CITIBANK N.A. |
- |
Unsatisfied |
* A check has been conducted in our databank againt the Subject whether the
subject has been involved in any litigation.
No legal action was found in our databank.
No winding up petition was found in our databank.
|
SOURCES OF RAW MATERIALS: |
||
|
Local |
: |
N/A |
|
Overseas |
: |
N/A |
The staff from the registered office refused to disclose any information on the
Subject's 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 |
[ |
] |
|||||||||
|
Local |
: |
N/A |
|
Overseas |
: |
N/A |
The staff from the registered office refused to disclose any information
on the Subject's clientele.
|
Goods Traded |
: |
GENERAL WHOLESALE TRADE |
|
|
Services |
: |
INVESTMENT HOLDING COMPANIES |
|
|
Branch |
: |
NO |
Other Information:
The Subject is principally engaged in the (as a / as an) general wholesale
trade & other investment holding companies.
The staff from the registered office refused to disclose any information on the
Subject's operation.
Latest fresh investigations carried out on the Subject indicated that :
|
Telephone Number Provided By Client |
: |
N/A |
|
Current Telephone Number |
: |
65-63372472 |
|
Match |
: |
N/A |
|
Address Provided by Client |
: |
1 NORTH BRIDGE ROAD, 19-04 HIGH STREET CENTRE,179094,SINGAPORE |
|
Current Address |
: |
1, NORTH BRIDGE ROAD, 19-04, HIGH STREET CENTRE, 179094, SINGAPORE. |
|
Match |
: |
YES |
Other Investigations
On 21st October 2015 we contacted one of the staff from the Subject's
registered office and he only provided limited information.
He refused to disclose the Subject's number of employees.
|
Profitability |
||||||
|
Turnover |
: |
Increased |
[ |
(0.00%) |
] |
|
|
Profit/(Loss) Before Tax |
: |
Decreased |
[ |
(7,817.94%) |
] |
|
|
Return on Shareholder Funds |
: |
Favourable |
[ |
97.94% |
] |
|
|
Return on Net Assets |
: |
Favourable |
[ |
168.73% |
] |
|
|
The higher turnover could be attributed to the favourable market
condition.The management had succeeded in turning the Subject into a profit
making company. The profit could be due to better control of its operating
costs and efficiency in utilising its resources. Generally the Subject was
profitable. The favourable return on shareholders' funds and return on net
assets indicate that the Subject's management was efficient in utilising the
assets to generate returns. |
||||||
|
Working Capital Control |
||||||
|
Stock Ratio |
: |
Favourable |
[ |
10 Days |
] |
|
|
Debtor Ratio |
: |
Acceptable |
[ |
61 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 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 |
: |
Acceptable |
[ |
0.99 Times |
] |
|
|
Current Ratio |
: |
Unfavourable |
[ |
1.12 Times |
] |
|
|
The Subject's liquid ratio was slightly low. This could indicate that
the Subject's working capital was slightly deficient. The Subject will have
to improve its liquidity position either by obtaining short term financing or
increase its paid up capital so that it can meet all its short term
obligations as and when they fall due. |
||||||
|
Solvency |
||||||
|
Interest Cover |
: |
Unfavourable |
[ |
2.76 Times |
] |
|
|
Gearing Ratio |
: |
Unfavourable |
[ |
6.05 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 was highly geared, thus it had a high financial risk.
The Subject was dependent on loans to finance its business needs. In times of
economic downturn and / or high interest rate, the Subject will become less
profitable and competitive than other firms in the same industry, which are
lowly geared. This is because the Subject has to service the interest and to
repay the loan, which will erode part of its profits. The profits will
fluctuate depending on the Subject's turnover and the interest it needs to
pay. |
||||||
|
Overall Assessment : |
||||||
|
The higher turnover had helped to reduce the Subject's losses. The
Subject's liquidity was at an acceptable range. If the Subject is able to
obtain further short term financing, it should be able to meet all its short
term obligations. 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's gearing 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 : 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 : |
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. |
|
SF GLOBAL PTE. LTD. |
|
Financial Year End |
2014-03-31 |
2013-03-31 |
|
Months |
12 |
12 |
|
Consolidated Account |
Company |
Company |
|
Audited Account |
YES |
YES |
|
Unqualified Auditor's Report (Clean Opinion) |
YES |
YES |
|
Financial Type |
FULL |
FULL |
|
Currency |
USD |
USD |
|
TURNOVER |
15,375,805 |
- |
|
Other Income |
894 |
- |
|
---------------- |
---------------- |
|
|
Total Turnover |
15,376,699 |
- |
|
Costs of Goods Sold |
(14,246,657) |
- |
|
---------------- |
---------------- |
|
|
Gross Profit |
1,130,042 |
- |
|
---------------- |
---------------- |
|
|
PROFIT/(LOSS) FROM OPERATIONS |
441,775 |
(5,724) |
|
---------------- |
---------------- |
|
|
PROFIT/(LOSS) BEFORE TAXATION |
441,775 |
(5,724) |
|
Taxation |
(40,000) |
- |
|
---------------- |
---------------- |
|
|
PROFIT/(LOSS) AFTER TAXATION |
401,775 |
(5,724) |
|
---------------- |
---------------- |
|
|
RETAINED PROFIT/(LOSS) BROUGHT FORWARD |
||
|
As previously reported |
(5,724) |
- |
|
---------------- |
---------------- |
|
|
As restated |
(5,724) |
- |
|
---------------- |
---------------- |
|
|
PROFIT AVAILABLE FOR APPROPRIATIONS |
396,051 |
(5,724) |
|
---------------- |
---------------- |
|
|
RETAINED PROFIT/(LOSS) CARRIED FORWARD |
396,051 |
(5,724) |
|
============= |
============= |
|
|
INTEREST EXPENSE (as per notes to P&L) |
||
|
Loan from holding company |
174,550 |
- |
|
Others |
75,831 |
- |
|
---------------- |
---------------- |
|
|
250,381 |
- |
|
|
============= |
- |
|
|
DEPRECIATION (as per notes to P&L) |
8,741 |
- |
|
---------------- |
---------------- |
|
|
8,741 |
- |
|
|
============= |
|
SF GLOBAL PTE. LTD. |
|
ASSETS EMPLOYED: |
||
|
FIXED ASSETS |
34,966 |
- |
|
---------------- |
---------------- |
|
|
TOTAL LONG TERM ASSETS |
34,966 |
- |
|
Stocks |
413,412 |
- |
|
Trade debtors |
2,582,537 |
- |
|
Other debtors, deposits & prepayments |
32,694 |
- |
|
Cash & bank balances |
593,123 |
12,907 |
|
---------------- |
---------------- |
|
|
TOTAL CURRENT ASSETS |
3,621,766 |
12,907 |
|
---------------- |
---------------- |
|
|
TOTAL ASSET |
3,656,732 |
12,907 |
|
============= |
============= |
|
|
Other creditors & accruals |
523,379 |
2,982 |
|
Short term borrowings/Term loans |
2,483,000 |
- |
|
Bill & acceptances payable |
- |
508 |
|
Amounts owing to director |
160,293 |
967 |
|
Provision for taxation |
40,000 |
- |
|
Other liabilities |
39,835 |
- |
|
---------------- |
---------------- |
|
|
TOTAL CURRENT LIABILITIES |
3,246,507 |
4,457 |
|
---------------- |
---------------- |
|
|
NET CURRENT ASSETS/(LIABILITIES) |
375,259 |
8,450 |
|
---------------- |
---------------- |
|
|
TOTAL NET ASSETS |
410,225 |
8,450 |
|
============= |
============= |
|
|
SHARE CAPITAL |
||
|
Ordinary share capital |
14,174 |
817 |
|
---------------- |
---------------- |
|
|
TOTAL SHARE CAPITAL |
14,174 |
817 |
|
General reserve |
- |
13,357 |
|
Retained profit/(loss) carried forward |
396,051 |
(5,724) |
|
---------------- |
---------------- |
|
|
TOTAL RESERVES |
396,051 |
7,633 |
|
---------------- |
---------------- |
|
|
SHAREHOLDERS' FUNDS/EQUITY |
410,225 |
8,450 |
|
---------------- |
---------------- |
|
|
410,225 |
8,450 |
|
SF GLOBAL PTE. LTD. |
|
TYPES OF FUNDS |
||
|
Cash |
593,123 |
12,907 |
|
Net Liquid Funds |
593,123 |
12,399 |
|
Net Liquid Assets |
(38,153) |
8,450 |
|
Net Current Assets/(Liabilities) |
375,259 |
8,450 |
|
Net Tangible Assets |
410,225 |
8,450 |
|
Net Monetary Assets |
(38,153) |
8,450 |
|
PROFIT & LOSS ITEMS |
||
|
Earnings Before Interest & Tax (EBIT) |
692,156 |
(5,724) |
|
Earnings Before Interest, Taxes, Depreciation And Amortization
(EBITDA) |
700,897 |
(5,724) |
|
BALANCE SHEET ITEMS |
||
|
Total Borrowings |
2,483,000 |
508 |
|
Total Liabilities |
3,246,507 |
4,457 |
|
Total Assets |
3,656,732 |
12,907 |
|
Net Assets |
410,225 |
8,450 |
|
Net Assets Backing |
410,225 |
8,450 |
|
Shareholders' Funds |
410,225 |
8,450 |
|
Total Share Capital |
14,174 |
817 |
|
Total Reserves |
396,051 |
7,633 |
|
LIQUIDITY (Times) |
||
|
Cash Ratio |
0.18 |
2.90 |
|
Liquid Ratio |
0.99 |
2.90 |
|
Current Ratio |
1.12 |
2.90 |
|
WORKING CAPITAL CONTROL (Days) |
||
|
Stock Ratio |
10 |
0 |
|
Debtors Ratio |
61 |
0 |
|
Creditors Ratio |
0 |
0 |
|
SOLVENCY RATIOS (Times) |
||
|
Gearing Ratio |
6.05 |
0.06 |
|
Liabilities Ratio |
7.91 |
0.53 |
|
Times Interest Earned Ratio |
2.76 |
0 |
|
Assets Backing Ratio |
28.94 |
10.34 |
|
PERFORMANCE RATIO (%) |
||
|
Operating Profit Margin |
2.87 |
0 |
|
Net Profit Margin |
2.61 |
0 |
|
Return On Net Assets |
168.73 |
(67.74) |
|
Return On Capital Employed |
168.73 |
(67.74) |
|
Return On Shareholders' Funds/Equity |
97.94 |
(67.74) |
|
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.64.88 |
|
|
1 |
Rs.99.89 |
|
Euro |
1 |
Rs.72.06 |
INFORMATION DETAILS
|
Analysis Done by
: |
DIV |
|
|
|
|
Report Prepared
by : |
SDA |
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.