|
|
|
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MIRA INFORM REPORT
|
Report No. : |
501591 |
|
Report Date : |
07.04.2018 |
IDENTIFICATION DETAILS
|
Name : |
NETWORK TECHLAB (SINGAPORE) PTE. LTD. |
|
|
|
|
Registered Office : |
77, High Street, 09-14, High Street Plaza, 179433 |
|
|
|
|
Country : |
Singapore |
|
|
|
|
Financials (as on) : |
28.02.2017 |
|
|
|
|
Date of Incorporation : |
25.03.2014 |
|
|
|
|
Com. Reg. No.: |
201408514W |
|
|
|
|
Legal Form : |
Exempt Private (Limited by Share) |
|
|
|
|
Line of Business : |
Subject
is principally engaged in the general wholesale trade. |
|
|
|
|
No. of Employees : |
Not Available |
RATING & COMMENTS
(Mira Inform has adopted New Rating mechanism w.e.f. 23rd
January 2017)
|
MIRA’s Rating : |
A |
|
Credit Rating |
Explanation |
Rating Comments |
|
A |
Acceptable Risk |
Business dealings permissible with
moderate risk of default |
|
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
|
Country Name |
Previous Rating (30.09.2017) |
Current Rating (31.12.2017) |
|
Singapore |
A1 |
A1 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low Risk |
A2 |
|
Moderately Low Risk |
B1 |
|
Moderate Risk |
B2 |
|
Moderately High Risk |
C1 |
|
High Risk |
C2 |
|
Very High Risk |
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. Growth in 2014-17 was slower than during the previous decade, at under 3% annually, 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 growth, and increasing Singaporean wages. Singapore has attracted major investments in advanced manufacturing, pharmaceuticals, and medical technology production and will continue efforts to strengthen its position as Southeast Asia's leading financial and technology hub. Singapore is a member of the Regional Comprehensive Economic Partnership negotiations with the nine other ASEAN members plus Australia, China, India, Japan, South Korea, and New Zealand. In 2015, Singapore formed, with the other ASEAN members, the ASEAN Economic Community.
|
Source
: CIA |
EXECUTIVE
SUMMARY
|
|
REGISTRATION
NO. |
: |
201408514W |
|
COMPANY
NAME |
: |
NETWORK
TECHLAB (SINGAPORE) PTE. LTD. |
|
FORMER
NAME |
: |
N/A |
|
INCORPORATION
DATE |
: |
25/03/2014 |
|
COMPANY
STATUS |
: |
EXIST |
|
LEGAL
FORM |
: |
EXEMPT
PRIVATE (LIMITED BY SHARE) |
|
LISTED
STATUS |
: |
NO |
|
REGISTERED
ADDRESS |
: |
77,
HIGH STREET, 09-14, HIGH STREET PLAZA, 179433, SINGAPORE. |
|
BUSINESS
ADDRESS |
: |
77
HIGH STREET, #08-12 HIGH STREET PLAZA, 179433, SINGAPORE. |
|
TEL.NO. |
: |
65-66358302 |
|
FAX.NO. |
: |
N/A |
|
CONTACT
PERSON |
: |
DIPESH
HANSRAJ ( DIRECTOR ) |
|
PRINCIPAL
ACTIVITY |
: |
GENERAL
WHOLESALE TRADE |
|
ISSUED
AND PAID UP CAPITAL |
: |
15,002.00
ORDINARY SHARE, OF A VALUE OF USD 15,002.00 |
|
SALES |
: |
USD
1,162,026 [2017] |
|
NET
WORTH |
: |
USD
415,267 [2017] |
|
STAFF
STRENGTH |
: |
N/A |
|
LITIGATION |
: |
CLEAR |
|
FINANCIAL
CONDITION |
: |
STRONG |
|
PAYMENT |
: |
NO
COMPLAINTS |
|
MANAGEMENT
CAPABILITY |
: |
AVERAGE |
|
COMMERCIAL
RISK |
: |
N/A |
|
CURRENCY
EXPOSURE |
: |
N/A |
|
GENERAL
REPUTATION |
: |
SATISFACTORY |
|
INDUSTRY
OUTLOOK |
: |
MARGINAL
GROWTH |
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 ≤ SGD10 million, or total assets ≤ SGD10 million or
number of employees ≤ 50 (meet at least 2 criteria for immediate past two
financial years) are exempted from statutory auditing requirements. 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.
An exempt private company with an annual
turnover of more than SGD10 million, or total assets more than SGD10 million or
number of employees more than 50 (meet at least 2 criteria for immediate past
two financial years) are required to file the audited financial.
The
Subject is principally engaged in the (as a / as an) general wholesale trade.
Former
Address(es)
|
Address |
As
At Date |
|
7500A
BEACH ROAD #08-313 THE PLAZA, 199591 |
N/A |
Share
Capital History
|
Date |
Issue
& Paid Up Capital |
|
04/04/2018 |
USD
15,002.00 |
The
major shareholder(s) of the Subject are shown as follows :
Current Shareholder(s) :
|
Name |
Address |
IC/PP/Loc
No |
Shareholding |
(%) |
|
GOSAR
ATUL HANSRAJ |
FLAT
B/502, SONI TOWER CHS LTD, HARIDAS NAGAR, BORIVALI WEST, MUMBAI 400092 ,INDIA |
J5463446 |
7,501.00 |
50.00 |
|
GADA
HARESH JIVRAJ |
FLAT
1006, AJITNATH CHS LTD., NEELKANTH ENCLAVE, L,B,S, MARG, GHATKOPAR (WEST),
MUMBAI 400086 ,INDIA |
J9243894 |
7,501.00 |
50.00 |
|
--------------- |
------ |
|||
|
15,002.00 |
100.00 |
|||
|
============ |
===== |
+
Also Director
DIRECTORS
|
DIRECOR 1
|
Name
Of Subject |
: |
DIPESH
HANSRAJ |
|
Address |
: |
FLAT
4, BARNCLUITH COURT, 25A, MILLER STREET, HAMILTON, ML3 7EW, UNITED KINGDOM. |
|
IC
/ PP No |
: |
J6723608 |
|
Nationality |
: |
INDIAN |
|
Date
of Appointment |
: |
26/10/2015 |
INTEREST CHECK
|
Interest
in companies |
: |
see
below |
|
Interest
in business |
: |
none
in our databank |
|
Former
interest |
: |
none
in our databank |
INTEREST IN COMPANY
|
No |
Local
No |
Company |
Designation |
App
Date |
Shareholding |
Profit/(loss)
After Tax |
Financial
Year |
Status |
As
At |
|
|
No. |
% |
|||||||||
|
1 |
201408514W |
NETWORK
TECHLAB (SINGAPORE) PTE. LTD. |
Director |
26/10/2015 |
0.00 |
- |
USD253,153.00 |
2017 |
- |
04/04/2018 |
DIRECTOR 2
|
Name
Of Subject |
: |
RANGAMANI
DEVI D/O NAIDU |
|
Address |
: |
990C,
JURONG WEST STREET 93, 09-785, 643990, SINGAPORE. |
|
IC
/ PP No |
: |
S1526467E |
|
Nationality |
: |
SINGAPOREAN |
|
Date
of Appointment |
: |
15/11/2017 |
INTEREST CHECK
|
Interest
in companies |
: |
see
below |
|
Interest
in business |
: |
none
in our databank |
|
Former
interest |
: |
none
in our databank |
INTEREST IN COMPANY
|
No |
Local
No |
Company |
Designation |
App
Date |
Shareholding |
Profit/(loss)
After Tax |
Financial
Year |
Status |
As
At |
|
|
No. |
% |
|||||||||
|
1 |
201408514W |
NETWORK
TECHLAB (SINGAPORE) PTE. LTD. |
Director |
15/11/2017 |
0.00 |
- |
USD253,153.00 |
2017 |
- |
04/04/2018 |
MANAGEMENT
|
|
1) |
Name
of Subject |
: |
DIPESH
HANSRAJ |
|
Position |
: |
DIRECTOR |
|
AUDITOR
|
No Auditor found in our databank
COMPANY
SECRETARIES
|
|
1) |
Company
Secretary |
: |
ANANDAN
LOGANATHAN |
|
IC
/ PP No |
: |
G6248134Q |
|
|
Address |
: |
507,
HOUGANG AVENUE 8, 10-662, 530507, SINGAPORE. |
|
|
|
BANKING
|
No Banker found in our databank.
ENCUMBRANCE
(S)
|
No encumbrance was found in our databank at the
time of investigation.
CIVIL
LITIGATION CHECK - SUBJECT COMPANY AS A DEFENDANT
|
* A check has been conducted in our databank
against 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 staff from the registered office refused to disclose
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 |
[ |
] |
|||||||||
CLIENTELE
|
|
Local |
: |
N/A |
|
Overseas |
: |
N/A |
The staff from the registered office refused to
disclose the Subject's clientele.
OPERATIONS
|
|
Goods
Traded |
: |
GENERAL
WHOLESALE TRADE |
|
|
Branch |
: |
NO |
Other
Information:
The Subject is principally engaged in the (as a
/ as an) general wholesale trade.
The staff from the registered office refused to
disclose the Subject's operation.
CURRENT
INVESTIGATION
|
Latest
fresh investigations carried out on the Subject indicated that :
|
Telephone
Number Provided By Client |
: |
N/A |
|
Current
Telephone Number |
: |
65-66358302 |
|
Match |
: |
N/A |
|
Address
Provided by Client |
: |
77
HIGH STREET, #08-12 HIGH STREET PLAZA, 179433 |
|
Current
Address |
: |
77
HIGH STREET, #08-12 HIGH STREET PLAZA, 179433, SINGAPORE. |
|
Match |
: |
YES |
Other
Investigations
On 5th April 2018 we contacted one of the staff from
the Subject's registered office and he only provided limited information.
He refused to disclose the fax number, number of
employees and its business activity.
FINANCIAL
ANALYSIS
|
|
Profitability |
||||||
|
Turnover |
: |
Increased |
[ |
24.31% |
] |
|
|
Profit/(Loss)
Before Tax |
: |
Increased |
[ |
302.64% |
] |
|
|
Return
on Shareholder Funds |
: |
Favourable |
[ |
60.96% |
] |
|
|
Return
on Net Assets |
: |
Favourable |
[ |
61.50% |
] |
|
|
The
higher turnover could be attributed to the favourable market condition and
the Subject could be gaining the market share progressively.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 |
||||||
|
Debtor
Ratio |
: |
Favourable |
[ |
0
Days |
] |
|
|
Creditors
Ratio |
: |
Unfavourable |
[ |
94
Days |
] |
|
|
The
favourable debtors' days could be due to the good credit control measures
implemented by the Subject. The unfavourable creditors' ratio could be due to
the Subject taking advantage of the credit granted by its suppliers. However
this may affect the goodwill between the Subject and its suppliers and the
Subject may inadvertently have to pay more for its future supplies. |
||||||
|
Liquidity |
||||||
|
Liquid
Ratio |
: |
Favourable |
[ |
2.19
Times |
] |
|
|
Current
Ratio |
: |
Favourable |
[ |
2.19
Times |
] |
|
|
A
minimum liquid ratio of 1 should be maintained by the Subject in order to assure
its creditors of its ability to meet short term obligations and the Subject
was in a good liquidity position. Thus, we believe the Subject is able to
meet all its short term obligations as and when they fall due. |
||||||
|
Solvency |
||||||
|
Interest
Cover |
: |
Favourable |
[ |
113.76
Times |
] |
|
|
Gearing
Ratio |
: |
Favourable |
[ |
0.27
Times |
] |
|
|
The
interest cover showed that the Subject was able to service the interest. The favourable
interest cover could indicate that the Subject was making enough profit to
pay for the interest accrued. The Subject was lowly geared thus it had a low
financial risk. The Subject was mainly financed by its shareholders' funds
and internally generated funds. In times of economic slowdown / downturn, the
Subject being a lowly geared company, will be able to compete better than
those companies which are highly geared in the same industry. |
||||||
|
Overall
Assessment : |
||||||
|
Generally,
the Subject's performance has improved with higher turnover and profit. 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. With the
favourable interest cover, the Subject could be able to service all the
accrued interest without facing any difficulties. The Subject as a lowly
geared company, will be more secured compared to those highly geared
companies. It has the ability to meet all its long term obligations. |
||||||
|
Overall
financial condition of the Subject : STRONG |
||||||
SINGAPORE
ECONOMIC / INDUSTRY OUTLOOK
|
|
Major
Economic Indicators : |
2013 |
2014 |
2015 |
2016 |
2017* |
|
|
|||||
|
Population
(Million) |
5.40 |
5.47 |
5.54 |
5.61 |
5.61 |
|
Gross
Domestic Products ( % ) |
5.1 |
3.9 |
2.2 |
2.4 |
3.6 |
|
Consumer
Price Index |
2.4 |
1.0 |
(0.5) |
(0.5) |
0.6 |
|
Total
Imports (Million) |
466,762.0 |
463,779.1 |
407,767.9 |
398,372.0 |
403,300.0 |
|
Total
Exports (Million) |
513,391.0 |
518,922.7 |
476,285.4 |
468,552.0 |
466,900.0 |
|
|
|||||
|
Unemployment
Rate (%) |
1.9 |
1.9 |
1.9 |
2.1 |
- |
|
Tourist
Arrival (Million) |
15.46 |
15.01 |
15.23 |
16.28 |
- |
|
Hotel
Occupancy Rate (%) |
86.3 |
85.5 |
84.0 |
83.1 |
84.7 |
|
Cellular
Phone Subscriber (Million) |
1.97 |
1.98 |
1.99 |
- |
- |
|
|
|||||
|
Registration
of New Companies (No.) |
37,288 |
41,589 |
34,243 |
35,227 |
37,395 |
|
Registration
of New Companies (%) |
9.8 |
11.5 |
(17.7) |
2.9 |
6.2 |
|
Liquidation
of Companies (No.) |
17,369 |
18,767 |
21,384 |
23,218 |
22,379 |
|
Liquidation
of Companies (%) |
(5.3) |
8.0 |
13.9 |
8.6 |
(3.6) |
|
|
|||||
|
Registration
of New Businesses (No.) |
22,893 |
35,773 |
28,480 |
27,120 |
22,148 |
|
Registration
of New Businesses (%) |
1.70 |
56.30 |
(20.39) |
(4.78) |
(18.33) |
|
Liquidation
of Businesses (No.) |
22,598 |
22,098 |
26,116 |
35,866 |
24,344 |
|
Liquidation
of Businesses (%) |
0.5 |
(2.2) |
18.2 |
37.3 |
(32.1) |
|
|
|||||
|
Bankruptcy
Orders (No.) |
1,992 |
1,757 |
1,776 |
1,797 |
1,638 |
|
Bankruptcy
Orders (%) |
14.0 |
(11.8) |
1.0 |
1.2 |
(8.9) |
|
Bankruptcy
Discharges (No.) |
2,584 |
3,546 |
3,499 |
4,359 |
2,030 |
|
Bankruptcy
Discharges (%) |
37.4 |
37.2 |
(1.3) |
24.6 |
(53.4) |
|
|
|||||
|
INDUSTRIES
( % of Growth ) : |
|||||
|
Agriculture |
|||||
|
Production
of Principal Crops |
1.78 |
4.29 |
3.04 |
- |
- |
|
Fish
Supply & Wholesale |
(3.8) |
(8.6) |
(8.5) |
(9.9) |
- |
|
|
|||||
|
Manufacturing
# |
|||||
|
Food,
Beverages & Tobacco |
97.9 |
99.4 |
100.0 |
103.7 |
110.3 |
|
Textiles |
119.5 |
102.7 |
100.0 |
92.4 |
84.4 |
|
Wearing
Apparel |
334.1 |
212.6 |
100.0 |
83.4 |
88.2 |
|
Leather
Products & Footwear |
122.0 |
106.5 |
100.0 |
88.8 |
79.0 |
|
Wood
& Wood Products |
103.0 |
107.2 |
100.0 |
95.0 |
92.9 |
|
Paper
& Paper Products |
104.4 |
104.5 |
100.0 |
97.3 |
96.1 |
|
Printing
& Media |
113.8 |
105.968 |
100.0 |
85.1 |
73.1 |
|
Crude
Oil Refineries |
100.7 |
92.2 |
100.0 |
104.2 |
113.5 |
|
Chemical
& Chemical Products |
88.4 |
96.7 |
100.0 |
98.9 |
105.3 |
|
Pharmaceutical
Products |
101.421 |
109.4 |
100.0 |
113.8 |
96.0 |
|
Rubber
& Plastic Products |
109.497 |
109.2 |
100.0 |
91.4 |
93.7 |
|
Non-metallic
Mineral |
107.4 |
90.759 |
100.0 |
89.8 |
72.9 |
|
Basic
Metals |
77.2 |
99.3 |
100.0 |
106.2 |
108.3 |
|
Fabricated
Metal Products |
107.5 |
107.757 |
100.0 |
93.8 |
91.3 |
|
Machinery
& Equipment |
109.1 |
118.2 |
100.0 |
80.8 |
86.1 |
|
Electrical
Machinery |
87.4 |
97.871 |
100.0 |
101.5 |
111.7 |
|
Electronic
Components |
105.0 |
105.6 |
100.0 |
114.1 |
151.4 |
|
Transport
Equipment |
111.1 |
106.68 |
100.0 |
101.0 |
99.5 |
|
|
|||||
|
Construction |
25.40 |
22.00 |
- |
- |
- |
|
Real
Estate |
88.5 |
145.1 |
- |
- |
- |
|
|
|||||
|
Services |
|||||
|
Electricity,
Gas & Water |
6.70 |
6.50 |
- |
- |
- |
|
Transport,
Storage & Communication |
9.80 |
14.20 |
- |
- |
- |
|
Finance
& Insurance |
3.30 |
6.00 |
- |
7.40 |
- |
|
Government
Services |
6.50 |
6.30 |
- |
- |
- |
|
Education
Services |
3.10 |
5.98 |
- |
2.40 |
- |
|
|
|||||
|
*
Estimate / Preliminary |
|||||
|
#
Based on Index of Industrial Production (2015 = 100) |
|||||
|
(Source
: Department of Statistics) |
INDUSTRY
ANALYSIS
|
|
INDUSTRY
: |
TRADING |
|
According
to the Ministry of Trade and Industry, the wholesale & retail trade
sector expanded to 3.0% in the fourth quarter of 2017, moderating from the 3.3%
growth in the previous quarter. The wholesale trade segment was boosted by an
improvement in foreign wholesale sales volume, which more than offset the
weakness in domestic wholesale sales volume. For the whole of 2017, the
sector expanded by 2.3%, faster than the 1.0% growth in 2016. The improvement
in growth can be attributed to the wholesale segment. |
|
|
The
domestic wholesale sales volume fell by 1.1% in the fourth quarter 2017,
reversing the 2.0% growth in the preceding quarter. The poorer outturn was
led by declines in the sales volume of household equipment & furniture
(-27%) and general wholesale merchandise (-19%), which outweighed the
increase in the sales volume of telecommunications & computers (20%). For
the whole of 2017, the domestic wholesale trade index expanded by 1.0%, a
turnaround from the 2.7% decline in 2016. |
|
|
On
the other hand, foreign wholesale sales volume rose to 6.2% in the fourth
quarter 2017, a step-up from the 5.1% growth in the preceding quarter. Growth
was driven by expansions in the sales of petroleum & petroleum-related
products (11%t), telecommunications & computers (19%) and electronic
components (16%). However, growth was partly offset by a 20% decline in the
sales volume of metals, timber & construction materials. For the full
year 2017, the foreign wholesale trade index rose by 3.6%, faster than the
increase of 1.5% in the previous year. |
|
|
Besides,
retail sales volume rose by 2.1% in the fourth quarter 2017, improving from the
0.9% growth recorded in the third quarter. Growth was supported by
improvements in both motor vehicle and non-motor vehicle sales volumes. While
motor vehicle sales benefitted from an on-year increase in COE supply, growth
in non-motor vehicle sales came on the back of an improvement in consumer
sentiments. Notably, the sales volume of discretionary goods such as
recreational goods, computer & telecommunication equipment and wearing
apparel & footwear grew by 4.6%, 4.3 % and 3.1% respectively. |
|
|
For
the full year 2017, retail sales volume expanded by 1.3%, similar to the 1.5%
growth recorded in 2016. Growth was driven by both motor vehicle sales and
non-motor vehicle sales, which the former rising by 1.5% and the latter
increasing by 1.3%. The rise in non-motor vehicle sales was underpinned by
higher sales of discretionary goods. For instance, the sales volume of
recreational goods (3.9%), watches & jewellery (2.4%), computer &
telecommunications equipment (1.7%) and wearing apparel & footwear (1.5%)
improved in 2017. |
|
|
OVERALL
INDUSTRY OUTLOOK : MARGINAL GROWTH |
|
CREDIT
RISK EVALUATION & RECOMMENDATION
|
|
|
PROFIT
AND LOSS ACCOUNT
|
|
THE
FINANCIAL STATEMENTS WERE PREPARED IN ACCORDANCE WITH SINGAPORE FINANCIAL
REPORTING STANDARDS. |
|
NETWORK
TECHLAB (SINGAPORE) PTE. LTD. |
Note
: The Subject is an Exempt Private Company and it is not required by law to file
its financials for public view. The below financials are the last financial
that submitted by the Subject to the Registrar before changed to Exempt Private
Company.
|
Financial
Year End |
2017-02-28 |
2016-02-28 |
|
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 |
1,162,026 |
934,751 |
|
Other
Income |
39,100 |
4,342 |
|
---------------- |
---------------- |
|
|
Total
Turnover |
1,201,126 |
939,093 |
|
Costs
of Goods Sold |
(925,153) |
(855,243) |
|
---------------- |
---------------- |
|
|
Gross
Profit |
275,973 |
83,850 |
|
---------------- |
---------------- |
|
|
PROFIT/(LOSS)
FROM OPERATIONS |
253,153 |
62,873 |
|
---------------- |
---------------- |
|
|
PROFIT/(LOSS)
BEFORE TAXATION |
253,153 |
62,873 |
|
---------------- |
---------------- |
|
|
PROFIT/(LOSS)
AFTER TAXATION |
253,153 |
62,873 |
|
---------------- |
---------------- |
|
|
RETAINED
PROFIT/(LOSS) BROUGHT FORWARD |
||
|
As
previously reported |
117,115 |
54,242 |
|
Prior
year adjustment |
(1) |
- |
|
---------------- |
---------------- |
|
|
As
restated |
117,114 |
54,242 |
|
---------------- |
---------------- |
|
|
PROFIT
AVAILABLE FOR APPROPRIATIONS |
370,267 |
117,115 |
|
---------------- |
---------------- |
|
|
RETAINED
PROFIT/(LOSS) CARRIED FORWARD |
370,267 |
117,115 |
|
============= |
============= |
|
|
INTEREST
EXPENSE (as per notes to P&L) |
||
|
Term
loan / Borrowing |
759 |
- |
|
Others |
1,486 |
- |
|
---------------- |
---------------- |
|
|
2,245 |
- |
|
|
|
============= |
============= |
BALANCE
SHEET
|
|
NETWORK
TECHLAB (SINGAPORE) PTE. LTD. |
|
---------------- |
---------------- |
|
|
CURRENT
ASSETS |
||
|
Other
debtors, deposits & prepayments |
331,905 |
146,965 |
|
Short
term deposits |
16,143 |
16,143 |
|
Short
term loans & advances |
32,482 |
7,790 |
|
Cash
& bank balances |
384,868 |
67,498 |
|
Others |
38 |
28 |
|
---------------- |
---------------- |
|
|
TOTAL
CURRENT ASSETS |
765,436 |
238,424 |
|
---------------- |
---------------- |
|
|
TOTAL
ASSET |
765,436 |
238,424 |
|
============= |
============= |
|
|
CURRENT
LIABILITIES |
||
|
Trade
creditors |
237,305 |
(26,264) |
|
Short
term borrowings/Term loans |
112,864 |
102,573 |
|
---------------- |
---------------- |
|
|
TOTAL
CURRENT LIABILITIES |
350,169 |
76,309 |
|
---------------- |
---------------- |
|
|
NET
CURRENT ASSETS/(LIABILITIES) |
415,267 |
162,115 |
|
---------------- |
---------------- |
|
|
TOTAL
NET ASSETS |
415,267 |
162,115 |
|
============= |
============= |
|
|
FINANCED
BY: |
||
|
SHARE
CAPITAL |
||
|
Ordinary
share capital |
45,000 |
45,000 |
|
---------------- |
---------------- |
|
|
TOTAL
SHARE CAPITAL |
45,000 |
45,000 |
|
RESERVES |
||
|
Retained
profit/(loss) carried forward |
370,267 |
117,115 |
|
---------------- |
---------------- |
|
|
TOTAL
RESERVES |
370,267 |
117,115 |
|
---------------- |
---------------- |
|
|
SHAREHOLDERS'
FUNDS/EQUITY |
415,267 |
162,115 |
|
|
============= |
============= |
FINANCIAL
RATIO
|
|
NETWORK
TECHLAB (SINGAPORE) PTE. LTD. |
|
TYPES
OF FUNDS |
||
|
Cash |
401,011 |
83,641 |
|
Net
Liquid Funds |
401,011 |
83,641 |
|
Net
Liquid Assets |
415,267 |
162,115 |
|
Net
Current Assets/(Liabilities) |
415,267 |
162,115 |
|
Net
Tangible Assets |
415,267 |
162,115 |
|
Net
Monetary Assets |
415,267 |
162,115 |
|
PROFIT
& LOSS ITEMS |
||
|
Earnings
Before Interest & Tax (EBIT) |
0 |
0 |
|
Earnings
Before Interest, Taxes, Depreciation And Amortization (EBITDA) |
255,398 |
62,873 |
|
BALANCE
SHEET ITEMS |
||
|
Total
Borrowings |
112,864 |
102,573 |
|
Total
Liabilities |
350,169 |
76,309 |
|
Total
Assets |
765,436 |
238,424 |
|
Net
Assets |
415,267 |
162,115 |
|
Net
Assets Backing |
415,267 |
162,115 |
|
Shareholders'
Funds |
415,267 |
162,115 |
|
Total
Share Capital |
45,000 |
45,000 |
|
Total
Reserves |
370,267 |
117,115 |
|
GROWTH
RATIOS (Year on Year) (%) |
||
|
Revenue |
24.31 |
- |
|
Proft/(Loss)
Before Tax |
302.64 |
- |
|
Proft/(Loss)
After Tax |
302.64 |
- |
|
Total
Assets |
- |
- |
|
Total
Liabilities |
- |
- |
|
LIQUIDITY
(Times) |
||
|
Cash
Ratio |
1.15 |
1.10 |
|
Liquid
Ratio |
2.19 |
3.12 |
|
Current
Ratio |
2.19 |
3.12 |
|
WORKING
CAPITAL CONTROL (Days) |
||
|
Stock
Ratio |
0 |
0 |
|
Debtors
Ratio |
0 |
0 |
|
Creditors
Ratio |
94 |
11 |
|
SOLVENCY
RATIOS (Times) |
||
|
Gearing
Ratio |
0.27 |
0.63 |
|
Liabilities
Ratio |
0.84 |
0.47 |
|
Times
Interest Earned Ratio |
113.76 |
0 |
|
Assets
Backing Ratio |
1.00 |
1.00 |
|
PERFORMANCE
RATIO (%) |
||
|
Operating
Profit Margin |
21.79 |
6.73 |
|
Net
Profit Margin |
21.79 |
6.73 |
|
Return
On Net Assets |
61.50 |
38.78 |
|
Return
On Capital Employed |
61.50 |
38.78 |
|
Return
On Shareholders' Funds/Equity |
60.96 |
38.78 |
|
Dividend
Pay Out Ratio (Times) |
0 |
0 |
|
NOTES
TO ACCOUNTS |
||
|
Contingent
Liabilities |
0 |
0 |
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
INR 64.98 |
|
|
1 |
INR 90.95 |
|
Euro |
1 |
INR 79.51 |
|
SGD |
1 |
INR49.35 |
Note :
Above are approximate rates obtained from sources believed to be correct
INFORMATION DETAILS
|
Analysis Done by
: |
PRA |
|
|
|
|
Report Prepared
by : |
DNS |
RATING EXPLANATIONS
|
Credit Rating |
Explanation |
Rating Comments |
|
A++ |
Minimum Risk |
Business dealings permissible with minimum
risk of default |
|
A+ |
Low Risk |
Business dealings permissible with low
risk of default |
|
A |
Acceptable Risk |
Business dealings permissible with
moderate risk of default |
|
B |
Medium Risk |
Business dealings permissible on a regular
monitoring basis |
|
C |
Medium High Risk |
Business dealings permissible preferably
on secured basis |
|
D |
High Risk |
Business dealing not recommended or on
secured terms only |
|
NB |
New Business |
No recommendation can be done due to
business in infancy stage |
|
NT |
No Trace |
No recommendation can be done as the
business is not traceable |
NB is stated where there is insufficient information to facilitate rating. However, it is not to be considered as unfavourable.
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 are as follows:
·
Financial
condition covering various ratios
·
Company
background and operations size
·
Promoters
/ Management background
·
Payment
record
·
Litigation
against the subject
·
Industry
scenario / competitor analysis
·
Supplier
/ Customer / Banker review (wherever available)
This report is issued at
your request without any risk and responsibility on the part of MIRA INFORM
PRIVATE LIMITED (MIPL) or its officials.