MIRA INFORM REPORT

 

 

Report No. :

505871

Report Date :

24.04.2018

 

 

 

IDENTIFICATION DETAILS

 

Name :

PAN ASIA INTERCONTINENTAL PTE. LTD.

 

 

Registered Office :

180, Cecil Street, 10-01, Bangkok Bank Building, 069546

 

 

Country :

Singapore

 

 

Financials (as on) :

30.06.2015

 

 

Date of Incorporation :

11.10.2010

 

 

Com. Reg. No.:

201021705M

 

 

Legal Form :

Exempt Private (Limited By Share)

 

 

Line of Business :

The subject is principally engaged in the trading of forestry products, timber, metal scrap and food commodities.

 

 

No. of Employees :

4 [2018]

 

 

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.

:

201021705M

COMPANY NAME

:

PAN ASIA INTERCONTINENTAL PTE. LTD.

FORMER NAME

:

N/A

INCORPORATION DATE

:

11/10/2010

COMPANY STATUS

:

EXIST

LEGAL FORM

:

EXEMPT PRIVATE (LIMITED BY SHARE)

LISTED STATUS

:

NO

REGISTERED ADDRESS

:

180, CECIL STREET, 10-01, BANGKOK BANK BUILDING, 069546, SINGAPORE.

BUSINESS ADDRESS

:

180, CECIL STREET, 10-01, BANGKOK BANK BUILDING, 069546, SINGAPORE.

TEL.NO.

:

65-62222484

FAX.NO.

:

65-62222541

WEB SITE

:

PAIPL.COM.SG

CONTACT PERSON

:

AJAY KUMAR DHAR ( DIRECTOR )

PRINCIPAL ACTIVITY

:

TRADING OF FORESTRY PRODUCTS, TIMBER, METAL SCRAP AND FOOD COMMODITIES

ISSUED AND PAID UP CAPITAL

:

2,154,000.00 ORDINARY SHARE, OF A VALUE OF USD 2,154,000.00 
2.00 ORDINARY SHARE, OF A VALUE OF SGD 2.00 

SALES

:

USD 42,838,896 [2015]

NET WORTH

:

USD 4,006,266 [2015]

STAFF STRENGTH

:

4 [2018]

LITIGATION

:

CLEAR

FINANCIAL CONDITION

:

N/A

PAYMENT

:

UNKNOWN

MANAGEMENT CAPABILITY

:

AVERAGE

COMMERCIAL RISK

:

MODERATE

CURRENCY EXPOSURE

:

MODERATE

GENERAL REPUTATION

:

SATISFACTORY

INDUSTRY OUTLOOK

:

AVERAGE 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 forestry products, timber, metal scrap and food commodities.

 

Share Capital History

Date

Issue & Paid Up Capital

20/03/2018

USD 2,154,000.00 & SGD 2.00

 

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


Current Shareholder(s) :

Name

Address

IC/PP/Loc No

Shareholding

(%)

MR. AJAY KUMAR DHAR +
[ORDINARY = USD 1,075,000 & SGD 1]

55, MERRYN ROAD, DUNEARN ESTATE, 298503, SINGAPORE.

S2699761E

1,075,001.00

49.91

TANU MERH DHAR @ TANU MERH +
[ORDINARY = USD 1,075,000 & SGD 1]

55, MERRYN ROAD, DUNEARN ESTATE, 298503, SINGAPORE.

S7182245A

1,075,001.00

49.91

ANNAMALAI VALARMATHI
[USD]

793, YISHUN RING ROAD, 03-3476 760793 ,SINGAPORE

S8175717H

2,000.00

0.09

RAHUL KUMAR CHOUDHARY
[USD]

3B, LORONG LIM HAN SWEE LANE 3, 96000 SIBU, SARAWAK, MALAYSIA.

Z1808398

2,000.00

0.09

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

------

2,154,002.00

100.00

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

=====

 

+ Also Director



DIRECTORS

 

DIRECTOR 1

 

Name Of Subject

:

AUTAR KRISHEN DHAR

Address

:

58/1, BALLYGUNGE CIRCULAR ROAD, FLAT 101A, SAPTAPARNI BUILDING, KOLKATA, 700019, INDIA.

IC / PP No

:

Z021928

Nationality

:

INDIAN

Date of Appointment

:

11/10/2010



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

200517839C

ASIA INTERNATIONAL PTE. LTD.

Director

03/01/2006

0.00

-

USD6,623.00

2016

-

23/08/2017

2

201021705M

PAN ASIA INTERCONTINENTAL PTE. LTD.

Director

11/10/2010

0.00

-

USD566,010.00

2015

-

20/03/2018

 

DIRECTOR 2

 

Name Of Subject

:

MR. AJAY KUMAR DHAR

Address

:

55, MERRYN ROAD, DUNEARN ESTATE, 298503, SINGAPORE.

IC / PP No

:

S2699761E

Nationality

:

SINGAPOREAN

Date of Appointment

:

11/10/2010

Remark

:

ORDINARY = USD 1,075,000 & SGD 1



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

200517839C

ASIA INTERNATIONAL PTE. LTD.

Director

27/12/2005

500,000.00

41.32

USD6,623.00

2016

-

23/08/2017

2

201021705M

PAN ASIA INTERCONTINENTAL PTE. LTD.

Director

11/10/2010

1,075,001.00

49.91

USD566,010.00

2015

-

20/03/2018

3

200302043E

WOOD CRAFT INTERNATIONAL PTE. LTD.

Director

06/03/2003

400,000.00

20.00

-

-

-

09/03/2017

 

DIRECTOR 3

 

Name Of Subject

:

TANU MERH DHAR @ TANU MERH

Address

:

55, MERRYN ROAD, DUNEARN ESTATE, 298503, SINGAPORE.

IC / PP No

:

S7182245A

Nationality

:

SINGAPOREAN

Date of Appointment

:

11/10/2010

Remark

:

ORDINARY = USD 1,075,000 & SGD 1



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

200517839C

ASIA INTERNATIONAL PTE. LTD.

Director

15/10/2007

710,000.00

58.68

USD6,623.00

2016

-

23/08/2017

2

201021705M

PAN ASIA INTERCONTINENTAL PTE. LTD.

Director

11/10/2010

1,075,001.00

49.91

USD566,010.00

2015

-

20/03/2018

3

200302043E

WOOD CRAFT INTERNATIONAL PTE. LTD.

Director

06/03/2003

200,000.00

10.00

-

-

-

09/03/2017



MANAGEMENT

 

 

1)

Name of Subject

:

AJAY KUMAR DHAR

Position

:

DIRECTOR

 

 

 

AUDITOR

 

Auditor

:

S C MOHAN PAC

Auditor' Address

:

N/A

 

 

 

COMPANY SECRETARIES

 

1)

Company Secretary

:

M SAMBASIVAM

IC / PP No

:

S1650785G

Address

:

204, MARSILING DRIVE, 12-192, 730204, SINGAPORE.

 

 

 

BANKING


No Banker found in our databank. 

 

ENCUMBRANCE (S)

 

Charge No

Creation Date

Charge Description

Chargee Name

Total Charge

Status

C201011741

03/12/2010

N/A

MALAYAN BANKING BERHAD

-

Unsatisfied

C201011742

03/12/2010

N/A

MALAYAN BANKING BERHAD

-

Unsatisfied

 

 

CIVIL 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.

PAYMENT RECORD

 

 

SOURCES OF RAW MATERIALS:

Local

:

N/A

Overseas

:

N/A


The Subject refused to disclose its supplier information. 

 

 

CLIENTELE

 

Local

:

YES

Domestic Markets

:

SINGAPORE

Overseas

:

YES

Export Market

:

INDIA

ASIA

Credit Term

:

N/A

Payment Mode

:

CHEQUES
TELEGRAPHIC TRANSFER (TT)

 

 

OPERATIONS

 

Goods Traded

:

FORESTRY PRODUCTS, TIMBER, METAL SCRAP AND FOOD COMMODITIES

 

Total Number of Employees:

 

YEAR

2018

2017

2016

2015

2014

 

GROUP

N/A

N/A

N/A

N/A

N/A

COMPANY

4

4

4

4

4

 

Branch

:

NO

 

Other Information:


The Subject is principally engaged in the (as a / as an) trading of forestry products, timber, metal scrap and food commodities. 

The Subject is a dealing with sourcing and supply of forestry Products, metal scrap and food commodities.

The Subject's vision is to capture the market, as a leading trader of Timber, plywood, veneer and other commodities.

Metal scrap and food commodities are well tested by their quality assurance team.

The Subject supply forestry products with top arameters such as low sap, bend free and virus free logs which are inspected by their quality control team. 


CURRENT INVESTIGATION

 

Latest fresh investigations carried out on the Subject indicated that :

Telephone Number Provided By Client

:

N/A

Current Telephone Number

:

65-62222484

Match

:

N/A

Address Provided by Client

:

180, CECIL STREET 10-03A, BANGKOK BANK BUILDING, 069546 SINGAPORE

Current Address

:

180, CECIL STREET, 10-01, BANGKOK BANK BUILDING, 069546, SINGAPORE.

Match

:

NO

 

Other Investigations


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

The address provided belongs to the Subject's former business address.

The Subject refused to disclose its number of employees and banker information.


FINANCIAL ANALYSIS

 

The Subject's latest financial accounts are up to 2015 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

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

 


Incorporated in 2010, the Subject is an Exempt Private company, focusing on trading of forestry products, timber, metal scrap and food commodities. Having been in business for more than 5 years, the Subject has established a remarkable clientele base for itself which has contributed to its business growth. A paid up capital of USD 2,154,000 & SGD 2 allows the Subject to expand its business more comfortably. However, the Subject does not have strong shareholders' backing. Without a strong shareholders' backing, the opportunity of the Subject to expand its business is limited. 

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. Being a small company, the Subject's business operation is supported by 4 employees. 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 financial accounts are available for analysis. As such, we are not able to comment on the Subject's current financial standing. 

The industry shows an upward trend and this trend is very likely to sustain in the near terms. 

In view of the above, we only recommend credit be proceeded to the Subject with guarantee.



PROFIT AND LOSS ACCOUNT

 

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

PAN ASIA INTERCONTINENTAL 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

2015-06-30

2014-06-30

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

42,838,896

39,207,062

Other Income

421,198

364,601

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

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

Total Turnover

43,260,094

39,571,663

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

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

PROFIT/(LOSS) FROM OPERATIONS

627,471

602,936

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

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

PROFIT/(LOSS) BEFORE TAXATION

627,471

602,936

Taxation

(61,461)

(49,755)

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

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

PROFIT/(LOSS) AFTER TAXATION

566,010

553,181

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

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

RETAINED PROFIT/(LOSS) BROUGHT FORWARD

As previously reported

1,286,255

733,074

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

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

As restated

1,286,255

733,074

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

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

PROFIT AVAILABLE FOR APPROPRIATIONS

1,852,265

1,286,255

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

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

RETAINED PROFIT/(LOSS) CARRIED FORWARD

1,852,265

1,286,255

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

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

INTEREST EXPENSE (as per notes to P&L)

Trust receipts

13,069

8,221

Others

234,218

267,541

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

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

247,287

275,762

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

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

 

 

 

 

BALANCE SHEET

 

PAN ASIA INTERCONTINENTAL PTE. LTD.

 

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

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

CURRENT ASSETS

Trade debtors

3,374,638

1,454,816

Other debtors, deposits & prepayments

14,825

6,811

Short term deposits

1,520,172

761,675

Cash & bank balances

2,931,664

2,533,788

Others

126,609

391

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

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

TOTAL CURRENT ASSETS

7,967,908

4,757,481

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

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

TOTAL ASSET

7,967,908

4,757,481

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

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

CURRENT LIABILITIES

Trade creditors

479,123

1,022,339

Other creditors & accruals

120,882

108,718

Provision for taxation

133,000

91,944

Other liabilities

3,228,637

894,224

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

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

TOTAL CURRENT LIABILITIES

3,961,642

2,117,225

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

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

NET CURRENT ASSETS/(LIABILITIES)

4,006,266

2,640,256

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

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

TOTAL NET ASSETS

4,006,266

2,640,256

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

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

FINANCED BY:

SHARE CAPITAL

Ordinary share capital

2,154,001

1,354,001

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

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

TOTAL SHARE CAPITAL

2,154,001

1,354,001

RESERVES

Retained profit/(loss) carried forward

1,852,265

1,286,255

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

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

TOTAL RESERVES

1,852,265

1,286,255

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

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

SHAREHOLDERS' FUNDS/EQUITY

4,006,266

2,640,256

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

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

 

 

 

 

FINANCIAL RATIO

 

PAN ASIA INTERCONTINENTAL PTE. LTD.

 

TYPES OF FUNDS

Cash

4,451,836

3,295,463

Net Liquid Funds

4,451,836

3,295,463

Net Liquid Assets

4,006,266

2,640,256

Net Current Assets/(Liabilities)

4,006,266

2,640,256

Net Tangible Assets

4,006,266

2,640,256

Net Monetary Assets

4,006,266

2,640,256

PROFIT & LOSS ITEMS

Earnings Before Interest & Tax (EBIT)

874,758

878,698

Earnings Before Interest, Taxes, Depreciation And Amortization (EBITDA)

874,758

878,698

BALANCE SHEET ITEMS

Total Borrowings

0

0

Total Liabilities

3,961,642

2,117,225

Total Assets

7,967,908

4,757,481

Net Assets

4,006,266

2,640,256

Net Assets Backing

4,006,266

2,640,256

Shareholders' Funds

4,006,266

2,640,256

Total Share Capital

2,154,001

1,354,001

Total Reserves

1,852,265

1,286,255

GROWTH RATIOS (Year on Year) (%)

Revenue

9.26

-

Proft/(Loss) Before Tax

4.07

-

Proft/(Loss) After Tax

2.32

-

Total Assets

67.48

-

Total Liabilities

87.11

-

LIQUIDITY (Times)

Cash Ratio

1.12

1.56

Liquid Ratio

2.01

2.25

Current Ratio

2.01

2.25

WORKING CAPITAL CONTROL (Days)

Stock Ratio

0

0

Debtors Ratio

29

14

Creditors Ratio

4

10

SOLVENCY RATIOS (Times)

Gearing Ratio

0

0

Liabilities Ratio

0.99

0.80

Times Interest Earned Ratio

3.54

3.19

Assets Backing Ratio

1.86

1.95

PERFORMANCE RATIO (%)

Operating Profit Margin

1.46

1.54

Net Profit Margin

1.32

1.41

Return On Net Assets

21.83

33.28

Return On Capital Employed

21.83

33.28

Return On Shareholders' Funds/Equity

14.13

20.95

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 66.22

UK Pound

1

INR 92.84

Euro

1

INR 81.27

SGD

1

INR 50.16

 

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

 

 

INFORMATION DETAILS

 

Analysis Done by :

NIS

 

 

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)

 

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.