|
|
|
MIRA INFORM REPORT
|
Report No. : |
502268 |
|
Report Date : |
11.04.2018 |
IDENTIFICATION DETAILS
|
Name : |
VIMALAR
GLOBAL TRADE PTE LTD |
|
|
|
|
Registered Office : |
813, Jellicoe Road, 20-30, Lavender Gardens, 200813 |
|
|
|
|
Country : |
Singapore |
|
|
|
|
Financials (as on) : |
31.03.2013 |
|
|
|
|
Date of Incorporation : |
14.08.2000 |
|
|
|
|
Com. Reg. No.: |
200007097D |
|
|
|
|
Legal Form : |
Exempt Private (Limited By Share0029 |
|
1 |
|
|
Line of Business : |
Trading of rice, rice milling machine and its related products. |
|
|
|
|
No. of Employees : |
Not Available |
RATING & COMMENTS
(Mira Inform has adopted New Rating mechanism w.e.f. 23rd January
2017)
|
MIRA’s Rating : |
B |
|
Credit Rating |
Explanation |
Rating Comments |
|
B |
Medium Risk |
Business dealings permissible on a regular
monitoring basis |
|
Status : |
Moderate |
|
|
|
|
Payment Behaviour : |
Unknown |
|
|
|
|
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. |
: |
200007097D |
||||
|
COMPANY
NAME |
: |
VIMALAR
GLOBAL TRADE PTE LTD |
||||
|
FORMER
NAME |
: |
N/A |
||||
|
INCORPORATION
DATE |
: |
14/08/2000 |
||||
|
COMPANY
STATUS |
: |
EXIST |
||||
|
LEGAL
FORM |
: |
EXEMPT
PRIVATE (LIMITED BY SHARE) |
||||
|
LISTED
STATUS |
: |
NO |
||||
|
REGISTERED
ADDRESS |
: |
813,
JELLICOE ROAD, 20-30, LAVENDER GARDENS, 200813, SINGAPORE. |
||||
|
BUSINESS
ADDRESS |
: |
BLK
813 JELLICOE ROAD, 20-30, LAVENDER GARDENS, 200813, SINGAPORE. |
||||
|
TEL.NO. |
: |
65-62245546/62245250 |
||||
|
FAX.NO. |
: |
N/A |
||||
|
CONTACT
PERSON |
: |
KHIN
MYINT ( DIRECTOR ) |
||||
|
PRINCIPAL
ACTIVITY |
: |
TRADING
OF RICE, RICE MILLING MACHINE AND ITS RELATED PRODUCTS |
||||
|
ISSUED
AND PAID UP CAPITAL |
: |
885,000.00
ORDINARY SHARE, OF A VALUE OF SGD 885,000.00 |
||||
|
SALES |
: |
N/A |
||||
|
NET
WORTH |
: |
N/A |
||||
|
STAFF
STRENGTH |
: |
N/A |
||||
|
||||||
|
LITIGATION |
: |
CLEAR |
||||
|
FINANCIAL
CONDITION |
: |
N/A |
||||
|
PAYMENT |
: |
N/A |
||||
|
MANAGEMENT
CAPABILITY |
: |
AVERAGE |
||||
|
COMMERCIAL
RISK |
: |
MODERATE |
||||
|
CURRENCY
EXPOSURE |
: |
MODERATE |
||||
|
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) trading of rice, rice milling machine and its related products.
Share
Capital History
|
Date |
Issue
& Paid Up Capital |
|
10/04/2018 |
SGD
885,000.00 |
The
major shareholder(s) of the Subject are shown as follows :
Current
Shareholder(s) :
|
Name |
Address |
IC/PP/Loc
No |
Shareholding |
(%) |
|
KHIN
MYINT + |
813,
JELLICOE ROAD 20-30, LAVENDER GARDENS, 200813, SINGAPORE. |
S2752113D |
663,650.00 |
74.99 |
|
KHIN
YADANAR WIN + |
813,
JELLICOE ROAD 20-30, LAVENDER GARDENS, 200813, SINGAPORE. |
S8176689D |
221,350.00 |
25.01 |
|
--------------- |
------ |
|||
|
885,000.00 |
100.00 |
|||
|
============ |
===== |
+
Also Director
DIRECTORS
DIRECTOR
1
|
Name
Of Subject |
: |
KHIN
YADANAR WIN |
|
Address |
: |
813,
JELLICOE ROAD 20-30, LAVENDER GARDENS, 200813, SINGAPORE. |
|
IC
/ PP No |
: |
S8176689D |
|
Nationality |
: |
MYANMAR |
|
Date
of Appointment |
: |
15/10/2003 |
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 |
200007097D |
VIMALAR
GLOBAL TRADE PTE LTD |
Director
Secretary |
15/10/2003
01/01/2009 |
221,350.00 |
25.01 |
SGD299,219.00 |
2013 |
- |
10/04/2018 |
DIRECTOR
2
|
Name
Of Subject |
: |
KHIN
MYINT |
|
Address |
: |
813,
JELLICOE ROAD 20-30, LAVENDER GARDENS, 200813, SINGAPORE. |
|
IC
/ PP No |
: |
S2752113D |
|
Nationality |
: |
MYANMAR |
|
Date
of Appointment |
: |
14/08/2000 |
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 |
200007097D |
VIMALAR
GLOBAL TRADE PTE LTD |
Director |
14/08/2000 |
663,650.00 |
74.99 |
SGD299,219.00 |
2013 |
- |
10/04/2018 |
MANAGEMENT
|
1)
|
Name
of Subject |
: |
KHIN
MYINT |
|
Position |
: |
DIRECTOR |
AUDITOR
|
Auditor |
: |
NATARAJAN
& SWAMINAT HAN |
|
Auditor'
Address |
: |
N/A |
COMPANY
SECRETARIES
|
1)
|
Company
Secretary |
: |
KHIN
YADANAR WIN |
|
IC
/ PP No |
: |
S8176689D |
|
|
Address |
: |
813,
JELLICOE ROAD 20-30, LAVENDER GARDENS, 200813, SINGAPORE. |
|
BANKING
Banking relations are maintained principally with :
|
1)
|
Name |
: |
UNITED
OVERSEAS BANK LIMITED |
|
2)
|
Name |
: |
OVERSEA-CHINESE
BANKING CORPORATION LIMITED |
ENCUMBRANCE
(S)
|
Charge
No |
Creation
Date |
Charge
Description |
Chargee
Name |
Total
Charge |
Status |
|
C200304754 |
06/10/2003 |
N/A |
UNITED
OVERSEAS BANK LIMITED |
- |
Unsatisfied |
|
C200606297 |
19/09/2006 |
N/A |
OVERSEA-CHINESE
BANKING CORPORATION LIMITED |
- |
Unsatisfied |
|
C200606299 |
19/09/2006 |
N/A |
OVERSEA-CHINESE
BANKING CORPORATION LIMITED |
- |
Unsatisfied |
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 |
: |
YES |
|
Overseas |
: |
YES |
CLIENTELE
|
Local |
: |
YES |
|||
|
Domestic
Markets |
: |
SINGAPORE |
|||
|
Overseas |
: |
YES |
|||
|
Export
Market |
: |
ASIA |
|||
|
Credit
Term |
: |
N/A |
|||
|
Payment
Mode |
: |
CHEQUES |
|||
OPERATIONS
|
Goods
Traded |
: |
RICE,
RICE MILLING MACHINE AND ITS RELATED PRODUCTS |
|
|
Branch |
: |
NO |
Other
Information:
The Subject is principally engaged in the (as a / as an) trading of rice, rice milling
machine and its related products.
The Subject mainly export rice.
The Subject sells rice (25% broken), rice (B1, B2), rice (5% broken double
polished and color sorted) and others.
The Subject sells the products based on customer's demands and requirement.
CURRENT
INVESTIGATION
Latest
fresh investigations carried out on the Subject indicated that :
|
Telephone
Number Provided By Client |
: |
(65)
6224 5546/62245250 |
|
Current
Telephone Number |
: |
65-62245546/62245250 |
|
Match |
: |
YES |
|
Address
Provided by Client |
: |
BLK
813 JELLOCOE ROAD, 20-30, SINGAPORE 200813 |
|
Current
Address |
: |
BLK
813 JELLICOE ROAD, 20-30, LAVENDER GARDENS, 200813, SINGAPORE. |
|
Match |
: |
NO |
Other
Investigations
We have contacted one of the staff from the
Subject and she provided some information.
The address provided is incomplete.
The Subject refused to disclose its fax number and number of employees.
FINANCIAL
ANALYSIS
|
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. |
||||||
|
Overall
financial condition of the Subject : N/A |
||||||
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) |
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
|
Incorporated
in 2000, the Subject is an Exempt Private company, focusing on trading of
rice, rice milling machine and its related products. Having been in the industry
for over a decade, the Subject has achieved a certain market share and has
built up a satisfactory reputation in the market. It should have received
supports from its regular customers. With an issued and paid up capital of
SGD 885,000 contributed by individual shareholders, the Subject may face
difficulties in its attempt to further expand its business in the future.
Thus, the Subject should put more efforts on its business to gain higher
market share while competing aggressively in the market. |
PROFIT
AND LOSS ACCOUNT
|
THE
FINANCIAL STATEMENTS WERE PREPARED IN ACCORDANCE WITH SINGAPORE FINANCIAL
REPORTING STANDARDS. |
|
VIMALAR
GLOBAL TRADE 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 |
2013-03-31 |
2012-03-31 |
2011-03-31 |
2010-03-31 |
2009-03-31 |
|
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 |
SUMMARY |
SUMMARY |
SUMMARY |
SUMMARY |
SUMMARY |
|
Currency |
SGD |
SGD |
SGD |
SGD |
SGD |
|
TURNOVER |
30,070,323 |
6,574,401 |
2,284,740 |
3,101,969 |
19,991,827 |
|
---------------- |
---------------- |
---------------- |
---------------- |
---------------- |
|
|
Total
Turnover |
30,070,323 |
6,574,401 |
2,284,740 |
3,101,969 |
19,991,827 |
|
---------------- |
---------------- |
---------------- |
---------------- |
---------------- |
|
|
PROFIT/(LOSS)
FROM OPERATIONS |
319,219 |
351,401 |
63,854 |
(189,324) |
40,772 |
|
---------------- |
---------------- |
---------------- |
---------------- |
---------------- |
|
|
PROFIT/(LOSS)
BEFORE TAXATION |
319,219 |
351,401 |
63,854 |
(189,324) |
40,772 |
|
Taxation |
(20,000) |
(23,938) |
0 |
0 |
0 |
|
---------------- |
---------------- |
---------------- |
---------------- |
---------------- |
|
|
PROFIT/(LOSS)
AFTER TAXATION |
299,219 |
327,463 |
63,854 |
(189,324) |
40,772 |
|
---------------- |
---------------- |
---------------- |
---------------- |
---------------- |
|
|
PROFIT/(LOSS)
BEFORE EXTRAORDINARY ITEMS |
299,219 |
327,463 |
63,854 |
(189,324) |
40,772 |
|
---------------- |
---------------- |
---------------- |
---------------- |
---------------- |
|
|
PROFIT/(LOSS)
ATTRIBUTABLE TO SHAREHOLDERS |
299,219 |
327,463 |
63,854 |
(189,324) |
40,772 |
|
RETAINED
PROFIT/(LOSS) BROUGHT FORWARD |
|||||
|
As
previously reported |
794,068 |
466,605 |
402,751 |
592,075 |
551,303 |
|
---------------- |
---------------- |
---------------- |
---------------- |
---------------- |
|
|
As
restated |
794,068 |
466,605 |
402,751 |
592,075 |
551,303 |
|
---------------- |
---------------- |
---------------- |
---------------- |
---------------- |
|
|
PROFIT
AVAILABLE FOR APPROPRIATIONS |
1,093,287 |
794,068 |
466,605 |
402,751 |
592,075 |
|
---------------- |
---------------- |
---------------- |
---------------- |
---------------- |
|
|
RETAINED
PROFIT/(LOSS) CARRIED FORWARD |
1,093,287 |
794,068 |
466,605 |
402,751 |
592,075 |
|
============= |
============= |
============= |
============= |
============= |
|
BALANCE SHEET
|
VIMALAR
GLOBAL TRADE PTE LTD |
|
ASSETS
EMPLOYED: |
|||||
|
FIXED
ASSETS |
1,445 |
1,435 |
2,460 |
3,984 |
2,607 |
|
---------------- |
---------------- |
---------------- |
---------------- |
---------------- |
|
|
TOTAL
LONG TERM ASSETS |
1,445 |
1,435 |
2,460 |
3,984 |
2,607 |
|
CURRENT
ASSETS |
|||||
|
TOTAL
CURRENT ASSETS |
3,018,831 |
1,998,948 |
1,354,874 |
1,290,696 |
3,688,146 |
|
---------------- |
---------------- |
---------------- |
---------------- |
---------------- |
|
|
TOTAL
ASSET |
3,020,276 |
2,000,383 |
1,357,334 |
1,294,680 |
3,690,753 |
|
============= |
============= |
============= |
============= |
============= |
|
|
CURRENT
LIABILITIES |
|||||
|
TOTAL
CURRENT LIABILITIES |
1,041,989 |
321,315 |
5,729 |
5,899 |
2,213,678 |
|
---------------- |
---------------- |
---------------- |
---------------- |
---------------- |
|
|
NET
CURRENT ASSETS/(LIABILITIES) |
1,976,842 |
1,677,633 |
1,349,145 |
1,284,797 |
1,474,468 |
|
---------------- |
---------------- |
---------------- |
---------------- |
---------------- |
|
|
LONG
TERM LIABILITIES |
|||||
|
TOTAL
LONG TERM LIABILITIES |
- |
- |
- |
1,030 |
- |
|
---------------- |
---------------- |
---------------- |
---------------- |
---------------- |
|
|
TOTAL
NET ASSETS |
1,978,287 |
1,679,068 |
1,351,605 |
1,287,751 |
1,477,075 |
|
============= |
============= |
============= |
============= |
============= |
|
|
SHARE
CAPITAL |
|||||
|
Ordinary
share capital |
885,000 |
885,000 |
885,000 |
885,000 |
885,000 |
|
---------------- |
---------------- |
---------------- |
---------------- |
---------------- |
|
|
TOTAL
SHARE CAPITAL |
885,000 |
885,000 |
885,000 |
885,000 |
885,000 |
|
RESERVES |
|||||
|
Retained
profit/(loss) carried forward |
1,093,287 |
794,068 |
466,605 |
402,751 |
592,075 |
|
---------------- |
---------------- |
---------------- |
---------------- |
---------------- |
|
|
TOTAL
RESERVES |
1,093,287 |
794,068 |
466,605 |
402,751 |
592,075 |
|
---------------- |
---------------- |
---------------- |
---------------- |
---------------- |
|
|
SHAREHOLDERS'
FUNDS/EQUITY |
1,978,287 |
1,679,068 |
1,351,605 |
1,287,751 |
1,477,075 |
|
============= |
============= |
============= |
============= |
============= |
|
FINANCIAL
RATIO
|
VIMALAR
GLOBAL TRADE PTE LTD |
|
TYPES
OF FUNDS |
|||||
|
Net
Liquid Assets |
1,976,842 |
1,677,633 |
1,349,145 |
1,284,797 |
1,474,468 |
|
Net
Current Assets/(Liabilities) |
1,976,842 |
1,677,633 |
1,349,145 |
1,284,797 |
1,474,468 |
|
Net
Tangible Assets |
1,978,287 |
1,679,068 |
1,351,605 |
1,287,751 |
1,477,075 |
|
Net
Monetary Assets |
1,976,842 |
1,677,633 |
1,349,145 |
1,283,767 |
1,474,468 |
|
BALANCE
SHEET ITEMS |
|||||
|
Total
Liabilities |
1,041,989 |
321,315 |
5,729 |
6,929 |
2,213,678 |
|
Total
Assets |
3,020,276 |
2,000,383 |
1,357,334 |
1,294,680 |
3,690,753 |
|
Net
Assets |
1,978,287 |
1,679,068 |
1,351,605 |
1,287,751 |
1,477,075 |
|
Net
Assets Backing |
1,978,287 |
1,679,068 |
1,351,605 |
1,287,751 |
1,477,075 |
|
Shareholders'
Funds |
1,978,287 |
1,679,068 |
1,351,605 |
1,287,751 |
1,477,075 |
|
Total
Share Capital |
885,000 |
885,000 |
885,000 |
885,000 |
885,000 |
|
Total
Reserves |
1,093,287 |
794,068 |
466,605 |
402,751 |
592,075 |
|
GROWTH
RATIOS (Year on Year) (%) |
|||||
|
Revenue |
357.38 |
187.75 |
(26.35) |
(84.48) |
- |
|
Proft/(Loss)
Before Tax |
(9.16) |
450.32 |
133.73 |
(564.35) |
- |
|
Proft/(Loss)
After Tax |
(8.63) |
412.83 |
133.73 |
(564.35) |
- |
|
Total
Assets |
50.98 |
47.38 |
4.84 |
(64.92) |
- |
|
Total
Liabilities |
224.29 |
5,508.57 |
(17.32) |
(99.69) |
- |
|
LIQUIDITY
(Times) |
|||||
|
Current
Ratio |
2.90 |
6.22 |
236.49 |
218.80 |
1.67 |
|
SOLVENCY
RATIOS (Times) |
|||||
|
Liabilities
Ratio |
0.53 |
0.19 |
0 |
0.01 |
1.50 |
|
Assets
Backing Ratio |
2.24 |
1.90 |
1.53 |
1.46 |
1.67 |
|
PERFORMANCE
RATIO (%) |
|||||
|
Operating
Profit Margin |
1.06 |
5.34 |
2.79 |
(6.10) |
0.20 |
|
Net
Profit Margin |
1.00 |
4.98 |
2.79 |
(6.10) |
0.20 |
|
Return
On Net Assets |
16.14 |
20.93 |
4.72 |
(14.70) |
2.76 |
|
Return
On Capital Employed |
16.14 |
20.93 |
4.72 |
(14.69) |
2.76 |
|
Return
On Shareholders' Funds/Equity |
15.13 |
19.50 |
4.72 |
(14.70) |
2.76 |
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
INR 64.94 |
|
|
1 |
INR 91.75 |
|
Euro |
1 |
INR 79.90 |
|
SGD |
1 |
INR 49.79 |
Note:
Above are approximate rates obtained from sources believed to be correct
INFORMATION DETAILS
|
Analysis Done by
: |
PRA |
|
|
|
|
Report Prepared
by : |
NIT |
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.