|
|
|
MIRA INFORM REPORT
|
Report No. : |
503216 |
|
Report Date : |
09.04.2018 |
IDENTIFICATION DETAILS
|
Name : |
AMROSE SINGAPORE
PTE. LTD. |
|
|
|
|
Formerly Known As : |
MGA INTERNATIONAL PTE. LTD. (14/07/2016) MG FORESTS PTE. LTD. (26/09/2007) |
|
|
|
|
Registered Office : |
1, Raffles Place, 34-01, One Raffles Place,
048616 |
|
|
|
|
Country : |
Singapore |
|
|
|
|
Financials (as on) : |
31.03.2016 |
|
|
|
|
Date of Incorporation : |
07.03.2003 |
|
|
|
|
Com. Reg. No.: |
200302074-N |
|
|
|
|
Legal Form : |
Private Limited (Limited By Share) |
|
|
|
|
Line of Business : |
The subject is principally engaged in the
trading of timber, veneer & plywood. |
|
|
|
|
No. of Employees : |
10 [2017] |
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 2014-16 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. |
: |
200302074-N |
||||
|
COMPANY NAME |
: |
AMROSE SINGAPORE PTE. LTD. |
||||
|
FORMER NAME |
: |
MGA INTERNATIONAL PTE. LTD. (14/07/2016) |
||||
|
INCORPORATION DATE |
: |
07/03/2003 |
||||
|
COMPANY STATUS |
: |
EXIST |
||||
|
LEGAL FORM |
: |
PRIVATE LIMITED (LIMITED BY SHARE) |
||||
|
LISTED STATUS |
: |
NO |
||||
|
REGISTERED ADDRESS |
: |
1, RAFFLES PLACE, 34-01, ONE RAFFLES PLACE,
048616, SINGAPORE. |
||||
|
BUSINESS ADDRESS |
: |
1, RAFFLES PLACE, 34-01, ONE RAFFLES PLACE,
048616, SINGAPORE. |
||||
|
TEL.NO. |
: |
65-62243982 |
||||
|
FAX.NO. |
: |
65-62243976 |
||||
|
CONTACT PERSON |
: |
GUPTA MUKESH ( MANAGING DIRECTOR ) |
||||
|
PRINCIPAL ACTIVITY |
: |
TRADING OF TIMBER, VENEER & PLYWOOD |
||||
|
ISSUED AND PAID UP CAPITAL |
: |
4,200,000.00 ORDINARY SHARE, OF A VALUE OF
SGD 4,200,000.00 |
||||
|
SALES |
: |
USD 102,196,932 [2016] |
||||
|
NET WORTH |
: |
USD 7,468,771 [2016] |
||||
|
STAFF STRENGTH |
: |
10 [2017] |
||||
|
||||||
|
LITIGATION |
: |
CLEAR |
||||
|
FINANCIAL CONDITION |
: |
POOR |
||||
|
PAYMENT |
: |
SLOW BUT CORRECT |
||||
|
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 timber, veneer & plywood.
The immediate holding company of the Subject
is MGA CORPORATION PRIVATE LIMITED, a company incorporated in INDIA.
Share Capital History
|
Date |
Issue & Paid Up Capital |
|
28/11/2017 |
SGD 4,200,000.00 |
The major shareholder(s) of the Subject are
shown as follows :
Current Shareholder(s) :
|
Name |
Address |
IC/PP/Loc No |
Shareholding |
(%) |
|
GUPTA MUKESH + |
93, MEYER ROAD, 29-02, THE MEYERISE,
437986, SINGAPORE. |
S2719427C |
1,260,000.00 |
30.00 |
|
MGA CORPORATION PRIVATE LIMITED |
PLOT 244/1, N.H. 8-A, P.O. BOX 140,
GHANDHIDHAM, KUTCH, GUJARAT 370201 ,INDIA |
T09UF1581 |
2,940,000.00 |
70.00 |
|
--------------- |
------ |
|||
|
4,200,000.00 |
100.00 |
|||
|
============ |
===== |
+ Also Director
DIRECTORS
|
DIRECTOR 1
|
Name Of Subject |
: |
GUPTA SHIVANI MUKESHKUMAR |
|
Address |
: |
93, MEYER ROAD, 29-02, THE MEYERISE,
437986, SINGAPORE. |
|
IC / PP No |
: |
S8873609E |
|
Nationality |
: |
SINGAPOREAN |
|
Date of Appointment |
: |
30/04/2011 |
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 |
200302074N |
AMROSE SINGAPORE PTE. LTD. |
Director |
30/04/2011 |
0.00 |
- |
USD(4,155,095.00) |
2016 |
- |
28/11/2017 |
DIRECTOR 2
|
Name Of Subject |
: |
GUPTA ANJU MUKESHKUMAR |
|
Address |
: |
93, MEYER ROAD, 29-02, THE MEYERISE,
437986, SINGAPORE. |
|
IC / PP No |
: |
S2719428A |
|
Nationality |
: |
SINGAPOREAN |
|
Date of Appointment |
: |
07/03/2003 |
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 |
200302074N |
AMROSE SINGAPORE PTE. LTD. |
Director |
07/03/2003 |
0.00 |
- |
USD(4,155,095.00) |
2016 |
- |
28/11/2017 |
DIRECTOR 3
|
Name Of Subject |
: |
GUPTA MUKESH |
|
Address |
: |
93, MEYER ROAD, 29-02, THE MEYERISE,
437986, SINGAPORE. |
|
IC / PP No |
: |
S2719427C |
|
Nationality |
: |
SINGAPOREAN |
|
Date of Appointment |
: |
07/03/2003 |
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 |
200302074N |
AMROSE SINGAPORE PTE. LTD. |
Director |
07/03/2003 |
1,260,000.00 |
30.00 |
USD(4,155,095.00) |
2016 |
- |
28/11/2017 |
MANAGEMENT
|
|
1) |
Name of Subject |
: |
GUPTA MUKESH |
|
Position |
: |
MANAGING DIRECTOR |
|
AUDITOR
|
|
Auditor |
: |
MGI ALLIANCE SINGAPORE PAC |
|
Auditor' Address |
: |
N/A |
COMPANY SECRETARIES
|
|
1) |
Company Secretary |
: |
NANCY JULIA ZEHNDER |
|
IC / PP No |
: |
S0240727B |
|
|
Address |
: |
58, DAKOTA CRESCENT, 02-257, 390058,
SINGAPORE. |
|
BANKING
|
Banking relations are maintained principally with :
|
1) |
Name |
: |
INDIAN BANK |
|
2) |
Name |
: |
CITIBANK N.A. |
ENCUMBRANCE (S)
|
|
Charge No |
Creation Date |
Charge Description |
Chargee Name |
Total Charge |
Status |
|
C200805330 |
13/06/2008 |
N/A |
INDIAN BANK |
- |
Unsatisfied |
|
C201303687 |
08/03/2013 |
N/A |
AUSTRALIA AND NEW ZEALAND BANKING GROUP
LIMITED |
- |
Unsatisfied |
|
C201303692 |
08/03/2013 |
N/A |
AUSTRALIA AND NEW ZEALAND BANKING GROUP
LIMITED |
- |
Unsatisfied |
LITIGATION CHECK - SUBJECT COMPANY AS A DEFENDANT
|
* 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.
DEFAULTER CHECK AGAINST SUBJECT
|
* We have checked through the Subject in our defaulters' database which
comprised of debtors that have been blacklisted by our customers and debtors
that have been placed or assigned to us for collection.
No blacklisted record & debt collection case was found in our defaulters'
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 |
: |
YES |
|||
|
Domestic Markets |
: |
SINGAPORE |
|||
|
Overseas |
: |
YES |
|||
|
Export Market |
: |
WORLDWIDE |
|||
|
Credit Term |
: |
N/A |
|||
|
Payment Mode |
: |
CHEQUES |
|||
OPERATIONS
|
|
Goods Traded |
: |
TIMBER, VENEER & PLYWOOD |
|
|
Total Number of Employees: |
|
||||||||
|
YEAR |
2017 |
2016 |
2015 |
||||||
|
GROUP |
N/A |
N/A |
N/A |
||||||
|
COMPANY |
10 |
10 |
10 |
||||||
|
Branch |
: |
NO |
Other Information:
The Subject is principally engaged in the (as a / as an) trading of timber,
veneer & plywood.
The Subject sells Veneer & Plywood.
CURRENT INVESTIGATION
|
Latest fresh investigations carried out on
the Subject indicated that :
|
Telephone Number Provided By Client |
: |
6562243982 |
|
Current Telephone Number |
: |
65-62243982 |
|
Match |
: |
YES |
|
Address Provided by Client |
: |
1 RAFFLES PLACE, 34-01, ONE RAFFLES PLACE
BUILDING, SINGAPORE 048616 |
|
Current Address |
: |
1, RAFFLES PLACE, 34-01, ONE RAFFLES PLACE,
048616, SINGAPORE. |
|
Match |
: |
YES |
Other Investigations
We contacted one of the staff from the Subject's registered office and she
provided limited information.
FINANCIAL ANALYSIS
|
|
Profitability |
||||||
|
Turnover |
: |
Erratic |
[ |
2012 - 2016 |
] |
|
|
Profit/(Loss) Before Tax |
: |
Decreased |
[ |
2012 - 2016 |
] |
|
|
Return on Shareholder Funds |
: |
Unfavourable |
[ |
(55.63%) |
] |
|
|
Return on Net Assets |
: |
Unfavourable |
[ |
(12.09%) |
] |
|
|
The fluctuating turnover reflects the
fierce competition among the existing and new market players.The Subject
incurred losses during the year due to the inefficient control of its operating
costs. The Subject's unfavourable returns on shareholders' funds indicate the
management's inefficiency in utilising its assets to generate returns. |
||||||
|
Working Capital Control |
||||||
|
Stock Ratio |
: |
Unfavourable |
[ |
102 Days |
] |
|
|
Debtor Ratio |
: |
Acceptable |
[ |
62 Days |
] |
|
|
Creditors Ratio |
: |
Favourable |
[ |
50 Days |
] |
|
|
The Subject could be incurring higher holding
cost. As its capital was tied up in stocks, it could face liquidity problems.
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 |
: |
Unfavourable |
[ |
0.54 Times |
] |
|
|
Current Ratio |
: |
Unfavourable |
[ |
1.15 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 |
[ |
(0.30 Times) |
] |
|
|
Gearing Ratio |
: |
Acceptable |
[ |
0.93 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 slightly high. The Subject is
utilising the leverage concept to fund its expansion. However, the high
gearing has added financial risks to the Subject. It will be more vulnerable
in times of economy downturn. |
||||||
|
Overall Assessment : |
||||||
|
The Subject's losses increased but its
turnover showed a fluctuating trend. This indicate the Subject was
slowly losing its market share due to its competitors. 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's gearing was slightly
high and its financial risk was also high. If no plans are made to reduce its
gearing, the Subject's performance may deteriorate in the coming year. |
||||||
|
Overall financial condition of the Subject
: POOR |
||||||
|
|
||||||
SINGAPORE ECONOMIC / INDUSTRY OUTLOOK
|
|
Major Economic Indicators : |
2012 |
2013 |
2014 |
2015 |
2016* |
|
|
|||||
|
Population (Million) |
5.31 |
5.40 |
5.47 |
5.54 |
5.63 |
|
Gross Domestic Products ( % ) |
1.3 |
3.7 |
(3.5) |
3.7 |
4.8 |
|
Consumer Price Index |
4.6 |
2.4 |
2.4 |
(0.5) |
(0.7) |
|
Total Imports (Million) |
474,554.0 |
466,762.0 |
463,779.1 |
407,767.9 |
398,372.0 |
|
Total Exports (Million) |
510,329.0 |
513,391.0 |
518,922.7 |
476,285.4 |
468,552.0 |
|
|
|||||
|
Unemployment Rate (%) |
2.0 |
1.9 |
1.9 |
1.9 |
2.1 |
|
Tourist Arrival (Million) |
14.49 |
15.46 |
15.01 |
15.23 |
16.28 |
|
Hotel Occupancy Rate (%) |
86.4 |
86.3 |
85.5 |
85.0 |
- |
|
Cellular Phone Subscriber (Million) |
1.52 |
1.97 |
1.98 |
1.99 |
- |
|
|
|||||
|
Registration of New Companies (No.) |
31,892 |
37,288 |
41,589 |
34,243 |
35,528 |
|
Registration of New Companies (%) |
(1.3) |
9.8 |
11.5 |
(17.7) |
3.8 |
|
Liquidation of Companies (No.) |
17,218 |
17,369 |
18,767 |
21,384 |
- |
|
Liquidation of Companies (%) |
9.4 |
(5.3) |
8.0 |
13.9 |
- |
|
|
|||||
|
Registration of New Businesses (No.) |
24,788 |
22,893 |
35,773 |
28,480 |
33,326 |
|
Registration of New Businesses (%) |
5.51 |
1.70 |
56.30 |
(20.39) |
17.02 |
|
Liquidation of Businesses (No.) |
22,489 |
22,598 |
22,098 |
26,116 |
- |
|
Liquidation of Businesses (%) |
(2.2) |
0.5 |
(2.2) |
18.2 |
- |
|
|
|||||
|
Bankruptcy Orders (No.) |
1,748 |
1,992 |
1,757 |
1,776 |
- |
|
Bankruptcy Orders (%) |
14.5 |
14.0 |
(11.8) |
1.0 |
- |
|
Bankruptcy Discharges (No.) |
1,881 |
2,584 |
3,546 |
3,499 |
- |
|
Bankruptcy Discharges (%) |
35.2 |
37.4 |
37.2 |
(1.3) |
- |
|
|
|||||
|
INDUSTRIES ( % of Growth ) : |
|||||
|
Agriculture |
|||||
|
Production of Principal Crops |
5.16 |
1.78 |
4.29 |
3.04 |
- |
|
Fish Supply & Wholesale |
(0.5) |
(3.8) |
(8.6) |
(8.5) |
(9.9) |
|
|
|||||
|
Manufacturing # |
|||||
|
Food, Beverages & Tobacco |
97.9 |
97.9 |
99.4 |
100.0 |
103.7 |
|
Textiles |
140.1 |
119.5 |
102.7 |
100.0 |
93.3 |
|
Wearing Apparel |
395.4 |
334.1 |
212.6 |
100.0 |
80.3 |
|
Leather Products & Footwear |
109.5 |
122.0 |
106.5 |
100.0 |
93.2 |
|
Wood & Wood Products |
93.3 |
103.0 |
107.2 |
100.0 |
90.5 |
|
Paper & Paper Products |
98.5 |
104.4 |
104.5 |
100.0 |
99.7 |
|
Printing & Media |
122.8 |
113.8 |
105.968 |
100.0 |
86.9 |
|
Crude Oil Refineries |
107.1 |
100.7 |
92.2 |
100.0 |
100.5 |
|
Chemical & Chemical Products |
85.3 |
88.4 |
96.7 |
100.0 |
97.6 |
|
Pharmaceutical Products |
103.8 |
101.421 |
109.4 |
100.0 |
115.9 |
|
Rubber & Plastic Products |
113.5 |
109.497 |
109.2 |
100.0 |
87.9 |
|
Non-metallic Mineral |
108.8 |
107.4 |
90.759 |
100.0 |
93.6 |
|
Basic Metals |
91.5 |
77.2 |
99.3 |
100.0 |
113.1 |
|
Fabricated Metal Products |
107.314 |
107.5 |
107.757 |
100.0 |
91.7 |
|
Machinery & Equipment |
107.3 |
109.1 |
118.2 |
100.0 |
79.3 |
|
Electrical Machinery |
80.102 |
87.4 |
97.871 |
100.0 |
99.3 |
|
Electronic Components |
100.7 |
105.0 |
105.6 |
100.0 |
106.3 |
|
Transport Equipment |
109.9 |
111.1 |
106.68 |
100.0 |
98.7 |
|
|
|||||
|
Construction |
28.70 |
25.40 |
22.00 |
- |
- |
|
Real Estate |
31.9 |
88.5 |
145.1 |
- |
- |
|
|
|||||
|
Services |
|||||
|
Electricity, Gas & Water |
6.30 |
6.70 |
6.50 |
- |
- |
|
Transport, Storage & Communication |
5.30 |
9.80 |
14.20 |
- |
- |
|
Finance & Insurance |
0.50 |
3.30 |
6.00 |
- |
- |
|
Government Services |
6.00 |
6.50 |
6.30 |
- |
- |
|
Education Services |
0.30 |
3.10 |
5.98 |
- |
- |
|
|
|||||
|
* Estimate / Preliminary |
|||||
|
# Based on Index of Industrial Production
(2015 = 100) |
INDUSTRY ANALYSIS
|
|
INDUSTRY : |
TRADING |
|
The wholesale & retail trade sector expanded
by 6.8% in the third quarter of 2015, higher than the 6.0% growth in the
preceding quarter. Growth was supported by both the wholesale trade and
retail trade segments. The wholesale trade segment was boosted by an increase
in both domestic and foreign wholesale trade sales volume. In particular, the
domestic wholesale trade index rose by 7.4%, following the 8.1 % increase in
the previous quarter. The strong performance in domestic wholesale trade was
due to a surge in the sales of petroleum and petroleum products (14%),
chemicals & chemical products (39%) and telecommunications &
computers (18%). |
|
|
Similarly, the foreign wholesale trade
index rose by 10% in the third quarter of 2015, accelerating from the 6.9%
rise in the previous quarter. Growth was driven by improvements in the sales
of petroleum & petroleum products (21%), metals, timber &
construction materials (10%) and general wholesale trade (8.8%). |
|
|
Overall retail trade sales volume also recorded
resilient growth of 5.6% in the third quarter of 2015, extending the 6.4 %
expansion in the second quarter. Growth was supported by a surge in the
volume of motor vehicle sales (44%), which was in turn due to a substantial
increase in the supply of Certificate of Entitlements. Excluding motor
vehicles, retail sales volume increased at a much slower pace of 0.7% over
the same period. The increase in retail sales volume (excluding motor
vehicles) was due to improved non-discretionary goods sales. For instance,
the sales of medical goods & toiletries and department store goods rose
by 8.1% and 3.6% respectively. |
|
|
According to the Retail News Asia, Food and
beverage has overtaken fashion as the primary driver of demand for retail real
estate in Singapore. Despite declining retail sales and consumer spending,
the prime retail sector remained in good shape during the third quarter 2015. |
|
|
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. |
|
AMROSE SINGAPORE PTE. LTD. |
|
Financial Year End |
2016-03-31 |
2015-03-31 |
2014-03-31 |
2013-03-31 |
2012-03-31 |
|
Months |
12 |
12 |
12 |
12 |
12 |
|
Consolidated Account |
Company |
Company |
Company |
Company |
Company |
|
Audited Account |
YES |
YES |
YES |
YES |
YES |
|
Unqualified Auditor's Report (Clean
Opinion) |
YES |
YES |
YES |
YES |
YES |
|
Financial Type |
FULL |
FULL |
FULL |
FULL |
FULL |
|
Currency |
USD |
USD |
USD |
USD |
USD |
|
TURNOVER |
102,196,932 |
172,898,754 |
137,947,241 |
129,136,801 |
176,771,470 |
|
Other Income |
339,614 |
163,401 |
274,191 |
4,000 |
105,177 |
|
---------------- |
---------------- |
---------------- |
---------------- |
---------------- |
|
|
Total Turnover |
102,536,546 |
173,062,155 |
138,221,432 |
129,140,801 |
176,876,647 |
|
Costs of Goods Sold |
(100,329,081) |
(165,806,184) |
(131,084,733) |
(122,891,063) |
(170,306,894) |
|
---------------- |
---------------- |
---------------- |
---------------- |
---------------- |
|
|
Gross Profit |
2,207,465 |
7,255,971 |
7,136,699 |
6,249,738 |
6,569,753 |
|
---------------- |
---------------- |
---------------- |
---------------- |
---------------- |
|
|
PROFIT/(LOSS) FROM OPERATIONS |
(4,119,058) |
1,657,919 |
1,673,878 |
1,536,701 |
1,740,081 |
|
---------------- |
---------------- |
---------------- |
---------------- |
---------------- |
|
|
PROFIT/(LOSS) BEFORE TAXATION |
(4,119,058) |
1,657,919 |
1,673,878 |
1,536,701 |
1,740,081 |
|
Taxation |
(36,037) |
(110,234) |
(161,237) |
(123,429) |
(228,260) |
|
---------------- |
---------------- |
---------------- |
---------------- |
---------------- |
|
|
PROFIT/(LOSS) AFTER TAXATION |
(4,155,095) |
1,547,685 |
1,512,641 |
1,413,272 |
1,511,821 |
|
---------------- |
---------------- |
---------------- |
---------------- |
---------------- |
|
|
RETAINED PROFIT/(LOSS) BROUGHT FORWARD |
|||||
|
As previously reported |
9,134,536 |
7,586,851 |
6,074,210 |
4,660,938 |
3,149,117 |
|
---------------- |
---------------- |
---------------- |
---------------- |
---------------- |
|
|
As restated |
9,134,536 |
7,586,851 |
6,074,210 |
4,660,938 |
3,149,117 |
|
---------------- |
---------------- |
---------------- |
---------------- |
---------------- |
|
|
PROFIT AVAILABLE FOR APPROPRIATIONS |
4,979,441 |
9,134,536 |
7,586,851 |
6,074,210 |
4,660,938 |
|
---------------- |
---------------- |
---------------- |
---------------- |
---------------- |
|
|
RETAINED PROFIT/(LOSS) CARRIED FORWARD |
4,979,441 |
9,134,536 |
7,586,851 |
6,074,210 |
4,660,938 |
|
============= |
============= |
============= |
============= |
============= |
|
|
INTEREST EXPENSE (as per notes to P&L) |
|||||
|
Hire purchase |
21,622 |
24,508 |
27,394 |
25,912 |
5,844 |
|
Trust receipts |
- |
- |
- |
2,333,852 |
2,380,635 |
|
Others |
3,139,566 |
3,148,178 |
3,016,033 |
- |
- |
|
---------------- |
---------------- |
---------------- |
---------------- |
---------------- |
|
|
3,161,188 |
3,172,686 |
3,043,427 |
2,359,764 |
2,386,479 |
|
|
============= |
============= |
============= |
============= |
============= |
|
|
DEPRECIATION (as per notes to P&L) |
155,445 |
189,725 |
216,420 |
212,172 |
30,790 |
|
---------------- |
---------------- |
---------------- |
---------------- |
---------------- |
|
|
Total Amortization And Depreciation |
155,445 |
189,725 |
216,420 |
212,172 |
30,790 |
|
============= |
============= |
============= |
============= |
============= |
|
|
|
|
|
|
|
|
BALANCE SHEET
|
|
AMROSE SINGAPORE PTE. LTD. |
|
ASSETS EMPLOYED: |
|||||
|
FIXED ASSETS |
880,365 |
1,030,955 |
1,237,000 |
1,443,548 |
185,562 |
|
Loans & advances - non-current |
- |
- |
- |
- |
146,610 |
|
---------------- |
---------------- |
---------------- |
---------------- |
---------------- |
|
|
TOTAL LONG TERM INVESTMENTS/OTHER ASSETS |
- |
- |
- |
- |
146,610 |
|
---------------- |
---------------- |
---------------- |
---------------- |
---------------- |
|
|
TOTAL LONG TERM ASSETS |
880,365 |
1,030,955 |
1,237,000 |
1,443,548 |
332,172 |
|
Stocks |
28,492,789 |
21,937,861 |
21,038,220 |
6,322,085 |
8,763,901 |
|
Trade debtors |
17,306,658 |
16,013,671 |
20,417,819 |
26,821,535 |
18,410,369 |
|
Other debtors, deposits & prepayments |
1,278,131 |
2,081,042 |
317,449 |
486,060 |
1,002,930 |
|
Short term deposits |
3,036,648 |
4,935,409 |
6,824,559 |
5,168,965 |
4,288,675 |
|
Amount due from director |
2,396,055 |
1,038,914 |
- |
- |
- |
|
Cash & bank balances |
113,934 |
575,666 |
1,944,361 |
344,113 |
330,865 |
|
Others |
1,276,738 |
2,949,415 |
910,649 |
725,882 |
1,250,000 |
|
---------------- |
---------------- |
---------------- |
---------------- |
---------------- |
|
|
TOTAL CURRENT ASSETS |
53,900,953 |
49,531,978 |
51,453,057 |
39,868,640 |
34,046,740 |
|
---------------- |
---------------- |
---------------- |
---------------- |
---------------- |
|
|
TOTAL ASSET |
54,781,318 |
50,562,933 |
52,690,057 |
41,312,188 |
34,378,912 |
|
============= |
============= |
============= |
============= |
============= |
|
|
CURRENT LIABILITIES |
|||||
|
Trade creditors |
13,879,962 |
7,340,290 |
4,076,208 |
8,288,986 |
5,101,621 |
|
Other creditors & accruals |
807,868 |
477,347 |
625,072 |
433,620 |
190,168 |
|
Hire purchase & lease creditors |
143,767 |
143,767 |
144,412 |
163,488 |
17,924 |
|
Short term borrowings/Term loans |
6,346,739 |
6,227,775 |
3,105,189 |
6,087,971 |
2,602,336 |
|
Provision for taxation |
10,093 |
94,987 |
151,406 |
114,880 |
249,625 |
|
Other liabilities |
25,671,597 |
24,072,395 |
33,782,110 |
16,771,807 |
19,045,453 |
|
---------------- |
---------------- |
---------------- |
---------------- |
---------------- |
|
|
TOTAL CURRENT LIABILITIES |
46,860,026 |
38,356,561 |
41,884,397 |
31,860,752 |
27,207,127 |
|
---------------- |
---------------- |
---------------- |
---------------- |
---------------- |
|
|
NET CURRENT ASSETS/(LIABILITIES) |
7,040,927 |
11,175,417 |
9,568,660 |
8,007,888 |
6,839,613 |
|
---------------- |
---------------- |
---------------- |
---------------- |
---------------- |
|
|
TOTAL NET ASSETS |
7,921,292 |
12,206,372 |
10,805,660 |
9,451,436 |
7,171,785 |
|
============= |
============= |
============= |
============= |
============= |
|
|
SHARE CAPITAL |
|||||
|
Ordinary share capital |
2,489,330 |
2,489,330 |
2,489,330 |
2,489,330 |
2,489,330 |
|
---------------- |
---------------- |
---------------- |
---------------- |
---------------- |
|
|
TOTAL SHARE CAPITAL |
2,489,330 |
2,489,330 |
2,489,330 |
2,489,330 |
2,489,330 |
|
Retained profit/(loss) carried forward |
4,979,441 |
9,134,536 |
7,586,851 |
6,074,210 |
4,660,938 |
|
---------------- |
---------------- |
---------------- |
---------------- |
---------------- |
|
|
TOTAL RESERVES |
4,979,441 |
9,134,536 |
7,586,851 |
6,074,210 |
4,660,938 |
|
---------------- |
---------------- |
---------------- |
---------------- |
---------------- |
|
|
SHAREHOLDERS' FUNDS/EQUITY |
7,468,771 |
11,623,866 |
10,076,181 |
8,563,540 |
7,150,268 |
|
Lease obligations |
452,521 |
582,506 |
729,479 |
887,896 |
- |
|
Hire purchase creditors |
- |
- |
- |
- |
21,517 |
|
---------------- |
---------------- |
---------------- |
---------------- |
---------------- |
|
|
TOTAL LONG TERM LIABILITIES |
452,521 |
582,506 |
729,479 |
887,896 |
21,517 |
|
---------------- |
---------------- |
---------------- |
---------------- |
---------------- |
|
|
7,921,292 |
12,206,372 |
10,805,660 |
9,451,436 |
7,171,785 |
|
|
============= |
============= |
============= |
============= |
============= |
|
|
|
|
|
|
|
|
FINANCIAL RATIO
|
|
AMROSE SINGAPORE PTE. LTD. |
|
TYPES OF FUNDS |
|||||
|
Cash |
3,150,582 |
5,511,075 |
8,768,920 |
5,513,078 |
4,619,540 |
|
Net Liquid Funds |
3,150,582 |
5,511,075 |
8,768,920 |
5,513,078 |
4,619,540 |
|
Net Liquid Assets |
(21,451,862) |
(10,762,444) |
(11,469,560) |
1,685,803 |
(1,924,288) |
|
Net Current Assets/(Liabilities) |
7,040,927 |
11,175,417 |
9,568,660 |
8,007,888 |
6,839,613 |
|
Net Tangible Assets |
7,921,292 |
12,206,372 |
10,805,660 |
9,451,436 |
7,171,785 |
|
Net Monetary Assets |
(21,904,383) |
(11,344,950) |
(12,199,039) |
797,907 |
(1,945,805) |
|
PROFIT & LOSS ITEMS |
|||||
|
Earnings Before Interest & Tax (EBIT) |
0 |
4,830,605 |
4,717,305 |
3,896,465 |
4,126,560 |
|
Earnings Before Interest, Taxes, Depreciation
And Amortization (EBITDA) |
(802,425) |
5,020,330 |
4,933,725 |
4,108,637 |
4,157,350 |
|
BALANCE SHEET ITEMS |
|||||
|
Total Borrowings |
6,943,027 |
6,954,048 |
3,979,080 |
7,139,355 |
2,641,777 |
|
Total Liabilities |
47,312,547 |
38,939,067 |
42,613,876 |
32,748,648 |
27,228,644 |
|
Total Assets |
54,781,318 |
50,562,933 |
52,690,057 |
41,312,188 |
34,378,912 |
|
Net Assets |
7,921,292 |
12,206,372 |
10,805,660 |
9,451,436 |
7,171,785 |
|
Net Assets Backing |
7,468,771 |
11,623,866 |
10,076,181 |
8,563,540 |
7,150,268 |
|
Shareholders' Funds |
7,468,771 |
11,623,866 |
10,076,181 |
8,563,540 |
7,150,268 |
|
Total Share Capital |
2,489,330 |
2,489,330 |
2,489,330 |
2,489,330 |
2,489,330 |
|
Total Reserves |
4,979,441 |
9,134,536 |
7,586,851 |
6,074,210 |
4,660,938 |
|
GROWTH RATIOS (Year on Year) |
|||||
|
Revenue |
(40.89) |
25.34 |
6.82 |
(26.95) |
(17.26) |
|
Proft/(Loss) Before Tax |
(348.45) |
(0.95) |
8.93 |
(11.69) |
(12.07) |
|
Proft/(Loss) After Tax |
(368.47) |
2.32 |
7.03 |
(6.52) |
(3.65) |
|
Total Assets |
8.34 |
(4.04) |
27.54 |
20.17 |
25.84 |
|
Total Liabilities |
21.50 |
(8.62) |
30.12 |
20.27 |
34.90 |
|
LIQUIDITY (Times) |
|||||
|
Cash Ratio |
0.07 |
0.14 |
0.21 |
0.17 |
0.17 |
|
Liquid Ratio |
0.54 |
0.72 |
0.73 |
1.05 |
0.93 |
|
Current Ratio |
1.15 |
1.29 |
1.23 |
1.25 |
1.25 |
|
WORKING CAPITAL CONTROL (Days) |
|||||
|
Stock Ratio |
102 |
46 |
56 |
18 |
18 |
|
Debtors Ratio |
62 |
34 |
54 |
76 |
38 |
|
Creditors Ratio |
50 |
16 |
11 |
25 |
11 |
|
SOLVENCY RATIOS (Times) |
|||||
|
Gearing Ratio |
0.93 |
0.60 |
0.39 |
0.83 |
0.37 |
|
Liabilities Ratio |
6.33 |
3.35 |
4.23 |
3.82 |
3.81 |
|
Times Interest Earned Ratio |
(0.30) |
1.52 |
1.55 |
1.65 |
1.73 |
|
Assets Backing Ratio |
3.18 |
4.90 |
4.34 |
3.80 |
2.88 |
|
PERFORMANCE RATIO (%) |
|||||
|
Operating Profit Margin |
(4.03) |
0.96 |
1.21 |
1.19 |
0.98 |
|
Net Profit Margin |
(4.07) |
0.90 |
1.10 |
1.09 |
0.86 |
|
Return On Net Assets |
(12.09) |
39.57 |
43.66 |
41.23 |
57.54 |
|
Return On Capital Employed |
(11.88) |
39.11 |
43.08 |
40.53 |
57.40 |
|
Return On Shareholders' Funds/Equity |
(55.63) |
13.31 |
15.01 |
16.50 |
21.14 |
|
Dividend Pay Out Ratio (Times) |
0 |
0 |
0 |
0 |
0 |
|
NOTES TO ACCOUNTS |
|||||
|
Contingent Liabilities |
0 |
0 |
0 |
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 |
INR 49.48 |
Note :
Above are approximate rates obtained from sources believed to be correct
INFORMATION DETAILS
|
Report Prepared
by : |
TPT |
This report is issued at
your request without any risk and responsibility on the part of MIRA INFORM
PRIVATE LIMITED (MIPL) or its officials.