|
Report No. : |
340497 |
|
Report Date : |
12.09.2015 |
IDENTIFICATION DETAILS
|
Name : |
COMPUAGE INFOCOM (S) PTE. LTD. |
|
|
|
|
Registered Office : |
69, UBI Crescent, 03-04, CES Building, 408561 |
|
|
|
|
Country : |
Singapore |
|
|
|
|
Financials (as on) : |
31.03.2015 |
|
|
|
|
Date of Incorporation : |
23.07.2008 |
|
|
|
|
Com. Reg. No.: |
200814423-G |
|
|
|
|
Legal Form : |
Private Limited |
|
|
|
|
Line of Business : |
Subject is engaged in trading of information technology products |
|
|
|
|
No. of Employee : |
5 [2015] |
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 |
EXECUTIVE
SUMMARY
|
|
REGISTRATION
NO. |
: |
200814423-G |
||||
|
COMPANY
NAME |
: |
COMPUAGE
INFOCOM (S) PTE. LTD. |
||||
|
FORMER
NAME |
: |
N/A |
||||
|
INCORPORATION
DATE |
: |
23/07/2008 |
||||
|
COMPANY
STATUS |
: |
EXIST |
||||
|
LEGAL
FORM |
: |
PRIVATE
LIMITED |
||||
|
LISTED
STATUS |
: |
NO |
||||
|
REGISTERED
ADDRESS |
: |
69,
UBI CRESCENT, 03-04, CES BUILDING, 408561, SINGAPORE. |
||||
|
BUSINESS
ADDRESS |
: |
69,
UBI CRESCENT, 03-04, CES BUILDING, 408561, SINGAPORE. |
||||
|
TEL.NO. |
: |
65-68444356 |
||||
|
FAX.NO. |
: |
65-68444547 |
||||
|
WEB
SITE |
: |
WWW.COMPUAGEINDIA.COM |
||||
|
CONTACT
PERSON |
: |
TILVE
SACHIN SUDHAKAR ( DIRECTOR ) |
||||
|
PRINCIPAL
ACTIVITY |
: |
TRADING
OF INFORMATION TECHNOLOGY PRODUCTS |
||||
|
ISSUED
AND PAID UP CAPITAL |
: |
150,000.00
ORDINARY SHARE, OF A VALUE OF SGD 150,000.00 |
||||
|
SALES |
: |
USD
46,831,603 [2015] |
||||
|
NET
WORTH |
: |
USD
100,000 [2015] |
||||
|
STAFF
STRENGTH |
: |
5
[2015] |
||||
|
||||||
|
LITIGATION |
: |
CLEAR |
||||
|
FINANCIAL
CONDITION |
: |
FAIR |
||||
|
PAYMENT |
: |
GOOD |
||||
|
MANAGEMENT
CAPABILITY |
: |
AVERAGE |
||||
|
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 information
technology products.
The
immediate holding company of the Subject is COMPUAGE INFOCOM LTD, a company
incorporated in INDIA.
Share
Capital History
|
Date |
Issue
& Paid Up Capital |
|
11/09/2015 |
SGD
150,000.00 |
The
major shareholder(s) of the Subject are shown as follows :
Current Shareholder(s) :
|
Name |
Address |
IC/PP/Loc
No |
Shareholding |
(%) |
|
COMPUAGE
INFOCOM LTD |
329,
VITHALBHAI PATEL ROAD 3, DHURU BUILDING, MUMBAI, 400 00, INDIA. |
T08UF2817 |
150,000.00 |
100.00 |
|
--------------- |
------ |
|||
|
150,000.00 |
100.00 |
|||
|
============ |
===== |
+
Also Director
DIRECTORS
|
DIRECTOR
1
|
Name
Of Subject |
: |
MR.
TILVE SACHIN SUDHAKAR |
|
Address |
: |
342,
TAMPINES STREET 33, 05-298, 520342, SINGAPORE. |
|
IC
/ PP No |
: |
S7267076J |
|
Nationality |
: |
SINGAPOREAN |
|
Date
of Appointment |
: |
31/12/2009 |
DIRECTOR
2
|
Name
Of Subject |
: |
ATUL
H. MEHTA |
|
Address |
: |
1804,
WALLACE APARTMENT, ISLEATER ROAD, MUMBAI, 00 007, INDIA. |
|
IC
/ PP No |
: |
Z1778224 |
|
Nationality |
: |
INDIAN |
|
Date
of Appointment |
: |
23/07/2008 |
MANAGEMENT
|
|
1)
|
Name
of Subject |
: |
TILVE
SACHIN SUDHAKAR |
|
Position |
: |
DIRECTOR |
|
|
|
AUDITOR
|
|
Auditor |
: |
AAA
ASSURANCE PAC |
|
Auditor'
Address |
: |
N/A |
|
Auditor |
: |
AAA
ASSURANCE PAC |
|
Auditor'
Address |
: |
N/A |
|
|
COMPANY
SECRETARIES
|
|
1)
|
Company
Secretary |
: |
ABIDAH
BINTE KOYAH |
|
IC
/ PP No |
: |
S8329861H |
|
|
Address |
: |
351A,
CANBERRA ROAD, 07-313, 751351, SINGAPORE. |
|
|
|
BANKING
|
Banking relations are maintained principally with :
|
1)
|
Name |
: |
INDIAN
BANK |
ENCUMBRANCE
(S)
|
|
Charge
No |
Creation
Date |
Charge
Description |
Chargee
Name |
Total
Charge |
Status |
|
C201006677 |
02/08/2010 |
N/A |
INDIAN
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 |
[ |
X |
] |
Average
61-90 Days |
[ |
] |
|||||
|
Fair
91-120 Days |
[ |
] |
Poor
>120 Days |
[ |
] |
|||||||||
CLIENTELE
|
|
Local |
: |
YES |
|||
|
Domestic
Markets |
: |
SINGAPORE |
|||
|
Overseas |
: |
YES |
|||
|
Export
Market |
: |
WORLDWIDE |
|||
|
Credit
Term |
: |
N/A |
|||
|
Payment
Mode |
: |
CHEQUES |
|||
OPERATIONS
|
|
Goods
Traded |
: |
INFORMATION
TECHNOLOGY PRODUCTS |
|
|
Ownership
of premises |
: |
LEASED/RENTED |
|
Total
Number of Employees: |
|
||||||||
|
YEAR |
2015 |
2014 |
2011 |
||||||
|
GROUP |
N/A |
N/A |
N/A |
||||||
|
COMPANY |
5 |
5 |
5 |
||||||
|
Branch |
: |
NO |
Other
Information:
The Subject is principally engaged in the (as a / as an) trading of information
technology products.
The Subject is a distributor of global IT products.
The Subject has vision to be a world class Information Technology products and
services company.
The Subject also provides the related services for its customers.
CURRENT
INVESTIGATION
|
Latest
fresh investigations carried out on the Subject indicated that :
|
Telephone
Number Provided By Client |
: |
N/A |
|
Current
Telephone Number |
: |
65-68444356 |
|
Match |
: |
N/A |
|
Address
Provided by Client |
: |
69,
UBI CRESCENT, 03-04, CES BUILDING,408561,SINGAPORE |
|
Current
Address |
: |
69,
UBI CRESCENT, 03-04, CES BUILDING, 408561, SINGAPORE. |
|
Match |
: |
YES |
Other
Investigations
We contacted one of the staff from the Subject and she provided some
information.
FINANCIAL
ANALYSIS
|
|
Profitability |
||||||
|
Turnover |
: |
Increased |
[ |
2011
- 2015 |
] |
|
|
Profit/(Loss)
Before Tax |
: |
Increased |
[ |
2011
- 2015 |
] |
|
|
Return
on Shareholder Funds |
: |
Favourable |
[ |
86.90% |
] |
|
|
Return
on Net Assets |
: |
Favourable |
[ |
100.86% |
] |
|
|
The
Subject's turnover increased steadily as the demand for its products / services
increased due to the goodwill built up over the years.The higher profit could
be attributed to the increase in turnover. 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 |
[ |
11
Days |
] |
|
|
Debtor
Ratio |
: |
Favourable |
[ |
13
Days |
] |
|
|
Creditors
Ratio |
: |
Favourable |
[ |
16
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 |
[ |
0.80
Times |
] |
|
|
Current
Ratio |
: |
Unfavourable |
[ |
1.02
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 |
: |
Acceptable |
[ |
9.07
Times |
] |
|
|
Gearing
Ratio |
: |
Favourable |
[ |
0.00
Times |
] |
|
|
The
Subject's interest cover was slightly low. If there is no sharp fall in its
profit or sudden increase in the interest rates, we believe the Subject is able
to generate sufficient income to service its interest and repay the loans.
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 : |
||||||
|
Generally,
the Subject's performance has improved with higher turnover and profit. 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 had an acceptable
interest cover. If there is no sudden sharp increase in interest rate or fall
in the Subject's profit, we do believe the Subject is able to generate
sufficient cash flow to service its interest payment. 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 : FAIR |
||||||
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
: |
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
|
|
|
|
|
PROFIT
AND LOSS ACCOUNT
|
|
THE
FINANCIAL STATEMENTS WERE PREPARED IN ACCORDANCE WITH SINGAPORE FINANCIAL
REPORTING STANDARDS. |
|
COMPUAGE
INFOCOM (S) PTE. LTD. |
|
Financial
Year End |
2015-03-31 |
2014-03-31 |
2013-03-31 |
2012-03-31 |
2011-03-31 |
|
Months |
12 |
12 |
12 |
12 |
15 |
|
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 |
FULL |
FULL |
FULL |
FULL |
FULL |
|
Currency |
USD |
USD |
USD |
USD |
USD |
|
TURNOVER |
46,831,603 |
16,202,305 |
13,911,813 |
8,617,261 |
9,084,477 |
|
Other
Income |
30,758 |
18,957 |
20,398 |
18,654 |
21,092 |
|
---------------- |
---------------- |
---------------- |
---------------- |
---------------- |
|
|
Total
Turnover |
46,862,361 |
16,221,262 |
13,932,211 |
8,635,915 |
9,105,569 |
|
Costs
of Goods Sold |
(46,076,503) |
(15,550,045) |
(13,320,618) |
(8,796,318) |
(8,982,121) |
|
---------------- |
---------------- |
---------------- |
---------------- |
---------------- |
|
|
Gross
Profit |
785,858 |
671,217 |
611,593 |
(160,403) |
123,448 |
|
---------------- |
---------------- |
---------------- |
---------------- |
---------------- |
|
|
PROFIT/(LOSS)
FROM OPERATIONS |
89,735 |
17,070 |
8,877 |
2,690 |
(25,217) |
|
---------------- |
---------------- |
---------------- |
---------------- |
---------------- |
|
|
PROFIT/(LOSS)
BEFORE TAXATION |
89,735 |
17,070 |
8,877 |
2,690 |
(25,217) |
|
Taxation |
(2,834) |
- |
- |
- |
- |
|
---------------- |
---------------- |
---------------- |
---------------- |
---------------- |
|
|
PROFIT/(LOSS)
AFTER TAXATION |
86,901 |
17,070 |
8,877 |
2,690 |
(25,217) |
|
---------------- |
---------------- |
---------------- |
---------------- |
---------------- |
|
|
RETAINED
PROFIT/(LOSS) BROUGHT FORWARD |
|||||
|
As
previously reported |
(69,542) |
(86,612) |
(95,489) |
(98,179) |
(72,962) |
|
---------------- |
---------------- |
---------------- |
---------------- |
---------------- |
|
|
As
restated |
(69,542) |
(86,612) |
(95,489) |
(98,179) |
(72,962) |
|
---------------- |
---------------- |
---------------- |
---------------- |
---------------- |
|
|
PROFIT
AVAILABLE FOR APPROPRIATIONS |
17,359 |
(69,542) |
(86,612) |
(95,489) |
(98,179) |
|
DIVIDENDS
- Ordinary (paid & proposed) |
(17,359) |
- |
- |
- |
- |
|
---------------- |
---------------- |
---------------- |
---------------- |
---------------- |
|
|
RETAINED
PROFIT/(LOSS) CARRIED FORWARD |
- |
(69,542) |
(86,612) |
(95,489) |
(98,179) |
|
============= |
============= |
============= |
============= |
============= |
|
|
INTEREST
EXPENSE (as per notes to P&L) |
|||||
|
Bank
overdraft |
11,120 |
6,366 |
25,596 |
- |
- |
|
Trust
receipts |
- |
- |
3,369 |
4,308 |
1,670 |
|
Others |
- |
- |
- |
2,013 |
1,268 |
|
---------------- |
---------------- |
---------------- |
---------------- |
---------------- |
|
|
11,120 |
6,366 |
28,965 |
6,321 |
2,938 |
|
|
============= |
============= |
============= |
============= |
============= |
|
|
DEPRECIATION
(as per notes to P&L) |
3,718 |
5,391 |
5,116 |
7,729 |
8,281 |
|
---------------- |
---------------- |
---------------- |
---------------- |
---------------- |
|
|
3,718 |
5,391 |
5,116 |
7,729 |
8,281 |
|
|
============= |
============= |
============= |
============= |
============= |
|
BALANCE
SHEET |
|
COMPUAGE
INFOCOM (S) PTE. LTD. |
|
ASSETS
EMPLOYED: |
|||||
|
FIXED
ASSETS |
5,538 |
7,413 |
5,767 |
10,246 |
15,614 |
|
---------------- |
---------------- |
---------------- |
---------------- |
---------------- |
|
|
TOTAL
LONG TERM ASSETS |
5,538 |
7,413 |
5,767 |
10,246 |
15,614 |
|
Stocks |
1,352,185 |
414,469 |
591,246 |
742,036 |
195,189 |
|
Trade
debtors |
1,665,544 |
786,462 |
573,439 |
333,356 |
254,842 |
|
Other
debtors, deposits & prepayments |
2,589,626 |
207,307 |
748,014 |
526,472 |
71,114 |
|
Short
term deposits |
165,289 |
163,416 |
153,658 |
152,666 |
150,000 |
|
Amount
due from holding company |
360,004 |
- |
- |
- |
- |
|
Amount
due from director |
- |
- |
- |
- |
663 |
|
Cash
& bank balances |
137,309 |
649,094 |
323,300 |
22,698 |
5,336 |
|
---------------- |
---------------- |
---------------- |
---------------- |
---------------- |
|
|
TOTAL
CURRENT ASSETS |
6,269,957 |
2,220,748 |
2,389,657 |
1,777,228 |
677,144 |
|
---------------- |
---------------- |
---------------- |
---------------- |
---------------- |
|
|
TOTAL
ASSET |
6,275,495 |
2,228,161 |
2,395,424 |
1,787,474 |
692,758 |
|
============= |
============= |
============= |
============= |
============= |
|
|
CURRENT
LIABILITIES |
|||||
|
Trade
creditors |
2,056,979 |
204,853 |
215,986 |
355,103 |
223,389 |
|
Other
creditors & accruals |
3,770,341 |
939,212 |
2,166,050 |
23,246 |
13,744 |
|
Bank
overdraft |
- |
- |
- |
- |
53,804 |
|
Amounts
owing to holding company |
- |
809,972 |
- |
210,000 |
400,000 |
|
Provision
for taxation |
3,193 |
- |
- |
- |
- |
|
Dividends
payable/proposed |
17,359 |
- |
- |
- |
- |
|
Other
liabilities |
327,623 |
243,666 |
- |
1,194,614 |
- |
|
---------------- |
---------------- |
---------------- |
---------------- |
---------------- |
|
|
TOTAL
CURRENT LIABILITIES |
6,175,495 |
2,197,703 |
2,382,036 |
1,782,963 |
690,937 |
|
---------------- |
---------------- |
---------------- |
---------------- |
---------------- |
|
|
NET
CURRENT ASSETS/(LIABILITIES) |
94,462 |
23,045 |
7,621 |
(5,735) |
(13,793) |
|
---------------- |
---------------- |
---------------- |
---------------- |
---------------- |
|
|
TOTAL
NET ASSETS |
100,000 |
30,458 |
13,388 |
4,511 |
1,821 |
|
============= |
============= |
============= |
============= |
============= |
|
|
SHARE
CAPITAL |
|||||
|
Ordinary
share capital |
100,000 |
100,000 |
100,000 |
100,000 |
100,000 |
|
---------------- |
---------------- |
---------------- |
---------------- |
---------------- |
|
|
TOTAL
SHARE CAPITAL |
100,000 |
100,000 |
100,000 |
100,000 |
100,000 |
|
Retained
profit/(loss) carried forward |
- |
(69,542) |
(86,612) |
(95,489) |
(98,179) |
|
---------------- |
---------------- |
---------------- |
---------------- |
---------------- |
|
|
TOTAL
RESERVES |
- |
(69,542) |
(86,612) |
(95,489) |
(98,179) |
|
---------------- |
---------------- |
---------------- |
---------------- |
---------------- |
|
|
SHAREHOLDERS'
FUNDS/EQUITY |
100,000 |
30,458 |
13,388 |
4,511 |
1,821 |
|
---------------- |
---------------- |
---------------- |
---------------- |
---------------- |
|
|
100,000 |
30,458 |
13,388 |
4,511 |
1,821 |
|
|
============= |
============= |
============= |
============= |
============= |
|
FINANCIAL
RATIO
|
|
COMPUAGE
INFOCOM (S) PTE. LTD. |
|
TYPES
OF FUNDS |
|||||
|
Cash |
302,598 |
812,510 |
476,958 |
175,364 |
155,336 |
|
Net
Liquid Funds |
302,598 |
812,510 |
476,958 |
175,364 |
101,532 |
|
Net
Liquid Assets |
(1,257,723) |
(391,424) |
(583,625) |
(747,771) |
(208,982) |
|
Net
Current Assets/(Liabilities) |
94,462 |
23,045 |
7,621 |
(5,735) |
(13,793) |
|
Net
Tangible Assets |
100,000 |
30,458 |
13,388 |
4,511 |
1,821 |
|
Net
Monetary Assets |
(1,257,723) |
(391,424) |
(583,625) |
(747,771) |
(208,982) |
|
PROFIT
& LOSS ITEMS |
|||||
|
Earnings
Before Interest & Tax (EBIT) |
0 |
23,436 |
37,842 |
9,011 |
(22,279) |
|
Earnings
Before Interest, Taxes, Depreciation And Amortization (EBITDA) |
104,573 |
28,827 |
42,958 |
16,740 |
(13,998) |
|
BALANCE
SHEET ITEMS |
|||||
|
Total
Borrowings |
0 |
0 |
0 |
0 |
53,804 |
|
Total
Liabilities |
6,175,495 |
2,197,703 |
2,382,036 |
1,782,963 |
690,937 |
|
Total
Assets |
6,275,495 |
2,228,161 |
2,395,424 |
1,787,474 |
692,758 |
|
Net
Assets |
100,000 |
30,458 |
13,388 |
4,511 |
1,821 |
|
Net
Assets Backing |
100,000 |
30,458 |
13,388 |
4,511 |
1,821 |
|
Shareholders'
Funds |
100,000 |
30,458 |
13,388 |
4,511 |
1,821 |
|
Total
Share Capital |
100,000 |
100,000 |
100,000 |
100,000 |
100,000 |
|
Total
Reserves |
0 |
(69,542) |
(86,612) |
(95,489) |
(98,179) |
|
LIQUIDITY
(Times) |
|||||
|
Cash
Ratio |
0.05 |
0.37 |
0.20 |
0.10 |
0.22 |
|
Liquid
Ratio |
0.80 |
0.82 |
0.75 |
0.58 |
0.70 |
|
Current
Ratio |
1.02 |
1.01 |
1.00 |
1.00 |
0.98 |
|
WORKING
CAPITAL CONTROL (Days) |
|||||
|
Stock
Ratio |
11 |
9 |
16 |
31 |
8 |
|
Debtors
Ratio |
13 |
18 |
15 |
14 |
10 |
|
Creditors
Ratio |
16 |
5 |
6 |
15 |
9 |
|
SOLVENCY
RATIOS (Times) |
|||||
|
Gearing
Ratio |
0 |
0 |
0 |
0 |
29.55 |
|
Liabilities
Ratio |
61.75 |
72.16 |
177.92 |
395.25 |
379.43 |
|
Times
Interest Earned Ratio |
9.07 |
3.68 |
1.31 |
1.43 |
(7.58) |
|
Assets
Backing Ratio |
1.00 |
0.30 |
0.13 |
0.05 |
0.02 |
|
PERFORMANCE
RATIO (%) |
|||||
|
Operating
Profit Margin |
0.19 |
0.11 |
0.06 |
0.03 |
(0.28) |
|
Net
Profit Margin |
0.19 |
0.11 |
0.06 |
0.03 |
(0.28) |
|
Return
On Net Assets |
100.86 |
76.95 |
282.66 |
199.76 |
(1,223.45) |
|
Return
On Capital Employed |
100.86 |
76.95 |
282.66 |
199.76 |
(40.05) |
|
Return
On Shareholders' Funds/Equity |
86.90 |
56.04 |
66.31 |
59.63 |
(1,384.79) |
|
Dividend
Pay Out Ratio (Times) |
0.20 |
0 |
0 |
0 |
0 |
|
NOTES
TO ACCOUNTS |
|||||
|
Contingent
Liabilities |
0 |
0 |
0 |
0 |
0 |
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.66.39 |
|
|
1 |
Rs.102.59 |
|
Euro |
1 |
Rs.74.90 |
INFORMATION DETAILS
|
Analysis Done by
: |
KAR |
|
|
|
|
Report Prepared
by : |
ASH |
RATING EXPLANATIONS
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
>86 |
Aaa |
Possesses an extremely sound financial base with the strongest capability
for timely payment of interest and principal sums |
Unlimited |
|
71-85 |
Aa |
Possesses adequate working capital. No caution needed for credit
transaction. It has above average (strong) capability for payment of interest
and principal sums |
Large |
|
56-70 |
A |
Financial & operational base are regarded healthy. General
unfavourable factors will not cause fatal effect. Satisfactory capability for
payment of interest and principal sums |
Fairly Large |
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
|
11-25 |
Ca |
Adverse factors are apparent. Repayment of interest and principal sums
in default or expected to be in default upon maturity |
Limited with
full security |
|
<10 |
C |
Absolute credit risk exists. Caution needed to be exercised |
Credit not
recommended |
|
-- |
NB |
New Business |
-- |
This score serves as a reference to assess
SC’s credit risk and to set the amount of credit to be extended. It is calculated
from a composite of weighted scores obtained from each of the major sections of
this report. The assessed factors and their relative weights (as indicated
through %) are as follows:
Financial
condition (40%) Ownership
background (20%) Payment record
(10%)
Credit history
(10%) Market trend (10%) Operational size
(10%)
This report is issued at your request without any
risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL)
or its officials.