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3decades

 

MIRA INFORM REPORT

 

 

Report No. :

504598

Report Date :

21.04.2018

 

 

 

IDENTIFICATION DETAILS

 

Name :

KHL MARKETING ASIA-PACIFIC PTE LTD

 

 

Formerly Known As :

KIM HUP LEE CERAMIC TILES PTE LTD (22/04/1991)

 

 

Registered Office :

25, New Industrial Road, 02-01, Khl Industrial Building, 536211

 

 

Country :

Singapore

 

 

Financials (as on) :

31.12.2014

 

 

Date of Incorporation :

25.02.1981

 

 

Com. Reg. No.:

198100775G

 

 

Legal Form :

Private Limited (Limited By Share)

 

 

Line of Business :

The subject is principally engaged in the trading of kitchen systems and appliances.

 

 

No. of Employees :

88 [2018]

 

                                                        

 

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

 

Maximum Credit Limit :

SGD 86,000 (USD 64,000)

 

 

Status :

Satisfactory

 

 

Payment Behaviour :

Slow but correct

 

 

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 electronics, petroleum products, chemicals, medical and optical devices, pharmaceuticals, and on Singapore’s 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 from 2012-2017 was slower than during the previous decade, a result of slowing structural growth - as Singapore reached high-income levels - and soft global demand for exports. Growth recovered to 3.6% in 2017 with a strengthening global economy.

 

The government is attempting to restructure Singapore’s economy to reduce its dependence on foreign labor, raise productivity growth, and increase wages amid slowing labor force growth and an aging population. 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 signatory of the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP), and a party to the Regional Comprehensive Economic Partnership (RCEP) negotiations with 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.

:

198100775G

COMPANY NAME

:

KHL MARKETING ASIA-PACIFIC PTE LTD

FORMER NAME

:

KIM HUP LEE CERAMIC TILES PTE LTD (22/04/1991)

INCORPORATION DATE

:

25/02/1981

COMPANY STATUS

:

EXIST

LEGAL FORM

:

PRIVATE LIMITED (LIMITED BY SHARE)

LISTED STATUS

:

NO

REGISTERED ADDRESS

:

25, NEW INDUSTRIAL ROAD, 02-01, KHL INDUSTRIAL BUILDING, 536211, SINGAPORE.

BUSINESS ADDRESS

:

25 NEW INDUSTRIAL ROAD #02-01 KHL BUILDING, 536211, SINGAPORE.

TEL.NO.

:

65-64716776

FAX.NO.

:

65-62863138

WEB SITE

:

WWW.KHLMKTG.COM

CONTACT PERSON

:

LIM WEE LI ( DIRECTOR )

PRINCIPAL ACTIVITY

:

TRADING OF KITCHEN SYSTEMS AND APPLIANCES

ISSUED AND PAID UP CAPITAL

:

1,500,003.00 ORDINARY SHARE, OF A VALUE OF SGD 1,500,003.00 

SALES

:

N/A

NET WORTH

:

N/A

STAFF STRENGTH

:

88 [2018]

LITIGATION

:

CLEAR

FINANCIAL CONDITION

:

N/A

PAYMENT

:

SLOW BUT CORRECT

MANAGEMENT CAPABILITY

:

AVERAGE

COMMERCIAL RISK

:

LOW

CURRENCY EXPOSURE

:

MODERATE

GENERAL REPUTATION

:

SATISFACTORY

INDUSTRY OUTLOOK

:

MARGINAL GROWTH

PROPOSED CREDIT LIMIT

:

SGD 86,000 (USD 64,000)

 

 

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 kitchen systems and appliances.

 

Share Capital History

Date

Issue & Paid Up Capital

20/04/2018

SGD 1,500,003.00

 

The major shareholder(s) of the Subject are shown as follows :


Current Shareholder(s) :

Name

Address

IC/PP/Loc No

Shareholding

(%)

KITCHEN CULTURE HOLDINGS LTD.

25, NEW INDUSTRIAL ROAD, 02-01, KHL INDUSTRIAL BUILDING 536211 ,SINGAPORE

201107179D

1,500,003.00

100.00

---------------

------

1,500,003.00

100.00

============

=====

 

+ Also Director

 

The Subject's interest in other companies (Subsidiaries/Associates) are shown as follow :

 

Local No

Country

Company

Status

(%)

As At

200703421G

SINGAPORE

HAUS FURNISHINGS AND INTERIORS PTE. LTD.

-

100.00

20/04/2018

201415517Z

SINGAPORE

KCROOM PTE. LTD.

-

100.00

20/04/2018

201304405M

SINGAPORE

KCUBE PTE. LTD.

-

100.00

20/04/2018

200308906R

SINGAPORE

KITCHEN CULTURE PTE. LTD.

-

100.00

20/04/2018



DIRECTORS

 

DIRECTOR 1

 

Name Of Subject

:

LIM WEE LI

Address

:

37, SPRINGLEAF GARDEN, SPRINGLEAF GARDEN, 788197, SINGAPORE.

Other Address(es)

:

42 JALAN USJ 18/2B, UEP SUBANG JAYA, 47630 SUBANG JAYA, SELANGOR, MALAYSIA.

IC / PP No

:

S1786700H

Nationality

:

SINGAPOREAN

Date of Appointment

:

18/08/1992



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

198100775G

KHL MARKETING ASIA-PACIFIC PTE LTD

Director

18/08/1992

0.00

-

SGD373,586.00

2014

-

20/04/2018

2

691772P

KITCHEN CULTURE (KL) SDN. BHD.

Director

16/05/2005

1.00

50.00

-

2014

Disolved by Registrar

(16/08/2007)

26/03/2018



MANAGEMENT

 

 

1)

Name of Subject

:

LIM WEE LI

Position

:

DIRECTOR

 

AUDITOR

 

Auditor

:

NEXIA TS PUBLIC ACCOUNTING CORPORATION

Auditor' Address

:

N/A

 

COMPANY SECRETARIES

 

1)

Company Secretary

:

LEE FOO TUCK

IC / PP No

:

S1116770E

Address

:

201, TANJONG RHU ROAD, 06-03, PARKSHORE, 436917, 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

:

YES

Overseas

:

YES

 

 

CLIENTELE

 

Local

:

YES

Domestic Markets

:

SINGAPORE

Overseas

:

YES

Export Market

:

ASIA

Credit Term

:

N/A

Payment Mode

:

CHEQUES
TELEGRAPHIC TRANSFER (TT)

 

 

OPERATIONS

 

Goods Traded

:

KITCHEN SYSTEMS AND APPLIANCES

 

Total Number of Employees:

YEAR

2018

 

GROUP

N/A

COMPANY

88

 

Branch

:

NO

 

Other Information:


The Subject is principally engaged in the (as a / as an) trading of kitchen systems and appliances. 

The Subject has positioned itself as a market leading specialist in imported high-end kitchen systems and appliances. As an early mover in the luxury imported kitchen industry.

The Subject offers renowned brands of kitchen systems, kitchen appliances, wardrobe systems, bathroom furniture and kitchen accessories to make shopping and planning for a kitchen more pleasurable. 


CURRENT INVESTIGATION

 

Latest fresh investigations carried out on the Subject indicated that :

Telephone Number Provided By Client

:

6564716776 

Current Telephone Number

:

65-64716776

Match

:

YES

Address Provided by Client

:

25 NEW INDUSTRIAL ROAD, 02-01, KHL BUIDLING S536211 SINGPUR

Current Address

:

25 NEW INDUSTRIAL ROAD #02-01 KHL BUILDING, 536211, SINGAPORE.

Match

:

YES

 

Other Investigations


We contacted one of the staff from the Subject and he provided some information.

The Subject refused to disclose its bankers.


FINANCIAL ANALYSIS

 

The Subject's latest financial accounts are up to 2014 which is out dated in our opinion. Therefore, our comment on the Subject financial performance is restricted thereto.

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 1981, the Subject is a Private Limited company, focusing on trading of kitchen systems and appliances. The Subject has been in business for over two decades. It has built up a strong clientele base and satisfactory reputation will enable the Subject to further enhance its business in the near term.  The Subject is expected to enjoy a stable market shares. A paid up capital of SGD 1,500,003 allows the Subject to expand its business more comfortably. With a strong backing from its shareholder, the Subject enjoys timely financial assistance should the needs arise. 

Over the years, the Subject has penetrated into both the local and overseas market. The Subject has positioned itself in the global market and is competing in the industry. Its stable clientele base will enable the Subject to further enhance its business in the near term. The Subject has a total workforce of 88 employees in its business operations. Overall, we regard that the Subject's management capability is average. This indicates that the Subject has greater potential to improve its business performance and raising income for the Subject. 

No latest financial accounts were filed with the Registry office during our inspection. Therefore, our comment on the Subject's overall financial performance are restricted thereto. 

The Subject's supplier are from both the local and overseas countries. This will eliminates the risk of dependency on deliveries from a number of key suppliers and insufficient quantities of its raw materials. Overall the Subject has a good control over its resources. 

The industry has reached its maturity stage and only enjoying a marginal growth. The steady growth of the country's economy will further enhance the industry activities. Thus, the Subject's future performance is very much depend on its marketing strategies in order to retain its position in the market. 

Based on the above condition, we recommend credit be granted to the Subject normally.



PROFIT AND LOSS ACCOUNT

 

THE FINANCIAL STATEMENTS WERE PREPARED IN ACCORDANCE WITH SINGAPORE FINANCIAL REPORTING STANDARDS.

KHL MARKETING ASIA-PACIFIC PTE LTD

 

Financial Year End

2014-12-31

2013-12-31

2012-12-31

2011-12-31

2010-12-31

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

21,558,259

34,013,474

20,427,737

20,329,427

31,220,675

----------------

----------------

----------------

----------------

----------------

Total Turnover

21,558,259

34,013,474

20,427,737

20,329,427

31,220,675

----------------

----------------

----------------

----------------

----------------

PROFIT/(LOSS) FROM OPERATIONS

414,760

4,106,424

873,249

2,495,006

5,013,843

----------------

----------------

----------------

----------------

----------------

PROFIT/(LOSS) BEFORE TAXATION

414,760

4,106,424

873,249

2,495,006

5,013,843

Taxation

(41,174)

(507,307)

(23,561)

(281,283)

(861,000)

----------------

----------------

----------------

----------------

----------------

PROFIT/(LOSS) AFTER TAXATION

373,586

3,599,117

849,688

2,213,723

4,152,843

----------------

----------------

----------------

----------------

----------------

RETAINED PROFIT/(LOSS) BROUGHT FORWARD

As previously reported

9,818,722

6,219,605

6,369,917

4,156,194

1,653,348

----------------

----------------

----------------

----------------

----------------

As restated

9,818,722

6,219,605

6,369,917

4,156,194

1,653,348

----------------

----------------

----------------

----------------

----------------

PROFIT AVAILABLE FOR APPROPRIATIONS

10,192,308

9,818,722

7,219,605

6,369,917

5,806,191

----------------

----------------

----------------

----------------

----------------

RETAINED PROFIT/(LOSS) CARRIED FORWARD

10,192,308

9,818,722

7,219,605

6,369,917

5,806,191

=============

=============

=============

=============

=============

 

 

 

 

 

 

 

 

BALANCE SHEET

 

KHL MARKETING ASIA-PACIFIC PTE LTD

 

ASSETS EMPLOYED:

FIXED ASSETS

3,329,758

1,185,393

1,328,093

943,750

955,369

----------------

----------------

----------------

----------------

----------------

TOTAL LONG TERM ASSETS

3,329,758

1,185,393

1,328,093

943,750

955,369

CURRENT ASSETS

TOTAL CURRENT ASSETS

25,191,725

30,083,140

21,560,444

21,565,745

19,845,023

----------------

----------------

----------------

----------------

----------------

TOTAL ASSET

28,521,483

31,268,533

22,888,537

22,509,495

20,800,392

=============

=============

=============

=============

=============

CURRENT LIABILITIES

TOTAL CURRENT LIABILITIES

14,591,181

19,771,934

14,168,929

14,639,575

10,858,064

----------------

----------------

----------------

----------------

----------------

NET CURRENT ASSETS/(LIABILITIES)

10,600,544

10,311,206

7,391,515

6,926,170

8,986,959

----------------

----------------

----------------

----------------

----------------

LONG TERM LIABILITIES

TOTAL LONG TERM LIABILITIES

2,237,991

177,874

-

-

2,636,134

----------------

----------------

----------------

----------------

----------------

TOTAL NET ASSETS

11,692,311

11,318,725

8,719,608

7,869,920

7,306,194

=============

=============

=============

=============

=============

SHARE CAPITAL

Ordinary share capital

1,500,003

1,500,003

1,500,003

1,500,003

1,500,003

----------------

----------------

----------------

----------------

----------------

TOTAL SHARE CAPITAL

1,500,003

1,500,003

1,500,003

1,500,003

1,500,003

RESERVES

Retained profit/(loss) carried forward

10,192,308

9,818,722

7,219,605

6,369,917

5,806,191

----------------

----------------

----------------

----------------

----------------

TOTAL RESERVES

10,192,308

9,818,722

7,219,605

6,369,917

5,806,191

----------------

----------------

----------------

----------------

----------------

SHAREHOLDERS' FUNDS/EQUITY

11,692,311

11,318,725

8,719,608

7,869,920

7,306,194

=============

=============

=============

=============

=============

 

 

 

 

 

 

 

 

FINANCIAL RATIO

 

KHL MARKETING ASIA-PACIFIC PTE LTD

 

TYPES OF FUNDS

Net Liquid Assets

10,600,544

10,311,206

7,391,515

6,926,170

8,986,959

Net Current Assets/(Liabilities)

10,600,544

10,311,206

7,391,515

6,926,170

8,986,959

Net Tangible Assets

11,692,311

11,318,725

8,719,608

7,869,920

7,306,194

Net Monetary Assets

8,362,553

10,133,332

7,391,515

6,926,170

6,350,825

BALANCE SHEET ITEMS

Total Liabilities

16,829,172

19,949,808

14,168,929

14,639,575

13,494,198

Total Assets

28,521,483

31,268,533

22,888,537

22,509,495

20,800,392

Net Assets

11,692,311

11,318,725

8,719,608

7,869,920

7,306,194

Net Assets Backing

11,692,311

11,318,725

8,719,608

7,869,920

7,306,194

Shareholders' Funds

11,692,311

11,318,725

8,719,608

7,869,920

7,306,194

Total Share Capital

1,500,003

1,500,003

1,500,003

1,500,003

1,500,003

Total Reserves

10,192,308

9,818,722

7,219,605

6,369,917

5,806,191

GROWTH RATIOS (Year on Year) (%)

Revenue

(36.62)

66.51

0.48

(34.88)

60.23

Proft/(Loss) Before Tax

(89.90)

370.25

(65.00)

(50.24)

177.41

Proft/(Loss) After Tax

(89.62)

323.58

(61.62)

(46.69)

205.33

Total Assets

(8.79)

36.61

1.68

8.22

(9.41)

Total Liabilities

(15.64)

40.80

(3.21)

8.49

(13.86)

LIQUIDITY (Times)

Current Ratio

1.73

1.52

1.52

1.47

1.83

SOLVENCY RATIOS (Times)

Liabilities Ratio

1.44

1.76

1.62

1.86

1.85

Assets Backing Ratio

7.79

7.55

5.81

5.25

4.87

PERFORMANCE RATIO (%)

Operating Profit Margin

1.92

12.07

4.27

12.27

16.06

Net Profit Margin

1.73

10.58

4.16

10.89

13.30

Return On Net Assets

3.55

36.28

10.01

31.70

68.62

Return On Capital Employed

2.98

35.72

10.01

31.70

50.43

Return On Shareholders' Funds/Equity

3.20

31.80

9.74

28.13

56.84





 

FOREIGN EXCHANGE RATES

 

Currency
Unit

Indian Rupees

US Dollar

1

INR 66.02

UK Pound

1

INR 92.72

Euro

1

INR 81.45

SGD

1

INR 50.30

 

Note : Above are approximate rates obtained from sources believed to be correct

 

 

INFORMATION DETAILS

 

Analysis Done by :

VIV

 

 

Report Prepared by :

TPT

 

 

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)

 

PRIVATE & CONFIDENTIAL : This information is provided to you at your request, you having employed MIPL for such purpose. You will use the information as aid only in determining the propriety of giving credit and generally as an aid to your business and for no other purpose. You will hold the information in strict confidence, and shall not reveal it or make it known to the subject persons, firms or corporations or to any other. MIPL does not warrant the correctness of the information as you hold it free of any liability whatsoever. You will be liable to and indemnify MIPL for any loss, damage or expense, occasioned by your breach or non observance of any one, or more of these conditions

This report is issued at your request without any risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL) or its officials.