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3decades

 

MIRA INFORM REPORT

 

 

Report No. :

490288

Report Date :

06.02.2018

 

 

IDENTIFICATION DETAILS

 

Name :

CRESTRON SINGAPORE PTE. LTD

 

 

Registered Office :

31, Kaki Bukit Road 3, 01-04, Techlink, 417818, Singapore

 

 

Country :

Singapore

 

 

Financials (as on) :

31.12.2016

 

 

Date of Incorporation :

06.08.2015

 

 

Com. Reg. No.:

201531140W

 

 

Legal Form :

Private Limited (Limited By Share)

 

 

Line of Business :

The Subject is engaged in the trading of industrial, electrical equipment, control system and other related equipments.

 

 

No. of Employees :

30 [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 :

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

(30.06.2017)

Current Rating

(30.09.2017)

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.

:

201531140W

COMPANY NAME

:

CRESTRON SINGAPORE PTE. LTD.

FORMER NAME

:

N/A

INCORPORATION DATE

:

06/08/2015

COMPANY STATUS

:

EXIST

LEGAL FORM

:

PRIVATE LIMITED (LIMITED BY SHARE)

LISTED STATUS

:

NO

REGISTERED ADDRESS

:

31, KAKI BUKIT ROAD 3, 01-04, TECHLINK, 417818, SINGAPORE.

BUSINESS ADDRESS

:

31, KAKI BUKIT ROAD 3, 01-04, 01-05, TECHLINK, 417818, SINGAPORE.

TEL.NO.

:

65-63949380

FAX.NO.

:

N/A

CONTACT PERSON

:

TEOH SIAH HAI ( DIRECTOR )

PRINCIPAL ACTIVITY

:

TRADING OF INDUSTRIAL, ELECTRICAL EQUIPMENT, CONTROL SYSTEM AND OTHER RELATED EQUIPMENTS

ISSUED AND PAID UP CAPITAL

:

1,000.00 ORDINARY SHARE, OF A VALUE OF SGD 1,000.00

SALES

:

SGD 18,071,767 [2016]

NET WORTH

:

SGD 500,925 [2016]

STAFF STRENGTH

:

30 [2018]

LITIGATION

:

CLEAR

FINANCIAL CONDITION

:

STABLE

PAYMENT

:

SLOW BUT CORRECT

MANAGEMENT CAPABILITY

:

AVERAGE

COMMERCIAL RISK

:

MODERATE

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 industrial, electrical equipment, control system and other related equipments.

 

Share Capital History

Date

Issue & Paid Up Capital

25/01/2018

SGD 1,000.00

 

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

 

Current Shareholder(s) :

Name

Address

IC/PP/Loc No

Shareholding

(%)

CRESTRON ELECTRONICS INTERNATIONAL INC.

15, VOLVO DRIVE, ROCKLIEGH NEW JERSEY 07647 ,UNITED STATES

T15UF3459

1,000.00

100.00

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

------

1,000.00

100.00

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

=====

+ Also Director

 

 

DIRECTORS


DIRECTOR 1

 

Name Of Subject

:

EDDIE TEOH SIAH HAI

Address

:

2, MARSHALL ROAD, 424838, SINGAPORE.

IC / PP No

:

S0616955D

Nationality

:

SINGAPOREAN

Date of Appointment

:

06/08/2015



INTEREST CHECK

Interest in companies

:

see below

Interest in business

:

none in our databank

Former interest

:

none in our databank

INTEREST IN COMPANY

No

Local No

Company

Designation

App Date

Shareholding

Profit/(loss) After Tax

Financial Year

Status

As At

No.

%

1

201321050K

AFCO ENERGY PTE. LTD.

Director

14/11/2017

0.00

-

USD7,327,610.00

2016

-

14/12/2017

2

200909148K

BOOKFARI TRADING PTE. LTD.

Director

03/12/2013

0.00

-

USD(248,517.00)

2015

-

03/05/2017

3

196900529R

BRONSON AND JACOBS (S.E.ASIA) PTE LIMITED

Director

26/01/2015

0.00

-

SGD1,147,610.00

2015

-

07/10/2016

4

201531140W

CRESTRON SINGAPORE PTE. LTD.

Director

06/08/2015

0.00

-

SGD499,925.00

2016

-

25/01/2018

5

201120377M

HARLEY MARINE ASIA PTE. LTD.

Director

06/12/2016

0.00

-

SGD(1,506,804.00)

2015

-

19/06/2017

 

DIRECTOR 2

 

Name Of Subject

:

DANIEL AARON FELDSTEIN

Address

:

15, VOLVO DRIVE, ROCKLIEGH NJ, 07647, UNITED STATES.

IC / PP No

:

509410909

Nationality

:

AMERICAN

Date of Appointment

:

02/12/2015



INTEREST CHECK

Interest in companies

:

see below

Interest in business

:

none in our databank

Former interest

:

none in our databank

INTEREST IN COMPANY

No

Local No

Company

Designation

App Date

Shareholding

Profit/(loss) After Tax

Financial Year

Status

As At

No.

%

1

201531140W

CRESTRON SINGAPORE PTE. LTD.

Director

02/12/2015

0.00

-

SGD499,925.00

2016

-

25/01/2018



MANAGEMENT

 

 

 

1)

Name of Subject

:

TEOH SIAH HAI

Position

:

DIRECTOR

 

 

 

AUDITOR

 

Auditor

:

RSM CHIO LIM LLP

Auditor' Address

:

N/A

 

 

 

COMPANY SECRETARIES

 

1)

Company Secretary

:

BEH THIAM HOCK

IC / PP No

:

S7974541C

Address

:

216, YISHUN STREET 21, 04-311, 760216, SINGAPORE.

 

 

 

BANKING


No Banker found in our databank.

 

ENCUMBRANCE (S)


No encumbrance was found in our databank at the time of investigation

 

.

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.

 

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

:

YES

Overseas

:

YES



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

:

ASIA

Credit Term

:

N/A

Payment Mode

:

CHEQUES
TELEGRAPHIC TRANSFER (TT)

 

 

OPERATIONS

 

Goods Traded

:

INDUSTRIAL, ELECTRICAL EQUIPMENT, CONTROL SYSTEM AND OTHER RELATED EQUIPMENTS

Services

:

SERVICING AND TECHNICAL SUPPORT

 

Total Number of Employees:

YEAR

2018

2017

GROUP

N/A

N/A

COMPANY

30

30

 

Branch

:

NO

Other Information:


The Subject is principally engaged in the (as a / as an) trading of industrial, electrical equipment, control system and other related equipments.

The Subject has been dealing with audio/visual remote control systems in Asia.

The Subject provides sales and technical support to customers and dealers in the fast growing Asian market.

The Subject's core business is in Sales and technical support in advanced remote control systems, electronic equipment eg.audio, video, projection, lighting, screens, shade and blinds, security products and others.

The Subject also provides Sales and technical support services.


CURRENT INVESTIGATION

 

Latest fresh investigations carried out on the Subject indicated that :

Telephone Number Provided By Client

:

N/A

Current Telephone Number

:

65-63949380

Match

:

N/A

Address Provided by Client

:

31 KAKI BUKIT ROAD, 3, #01-04 AND #01-05 TECH LINK SG 417818 SINGAPORE

Current Address

:

31, KAKI BUKIT ROAD 3, 01-04, 01-05, TECHLINK, 417818, SINGAPORE.

Match

:

YES

 

Other Investigations


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

He refused to disclose the fax number and bankers.


FINANCIAL ANALYSIS

 

Profitability

Return on Shareholder Funds

:

Favourable

[

99.80%

]

Return on Net Assets

:

Favourable

[

109.15%

]

Generally the Subject was profitable. The favourable return on shareholders' funds and return on net assets indicate that the Subject's management was efficient in utilising the assets to generate returns.

Working Capital Control

Stock Ratio

:

Unfavourable

[

155 Days

]

Debtor Ratio

:

Unfavourable

[

101 Days

]

Creditors Ratio

:

Unfavourable

[

531 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 debtors ratio was high. The Subject should tighten its credit control and improve its collection period. The unfavourable creditors' ratio could be due to the Subject taking advantage of the credit granted by its suppliers. However this may affect the goodwill between the Subject and its suppliers and the Subject may inadvertently have to pay more for its future supplies.

Liquidity

Liquid Ratio

:

Unfavourable

[

0.61 Times

]

Current Ratio

:

Unfavourable

[

1.00 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

:

Nil

[

0.00 Times

]

Gearing Ratio

:

Favourable

[

0.00 Times

]

The Subject's interest cover was nil as it did not pay any interest during the year. The Subject had no gearing and hence it had virtually no financial risk. The Subject was financed by its shareholders' funds and internally generated fund. During the economic downturn, the Subject, having a zero gearing, will be able to compete better than those which are highly geared in the same industry.

Overall Assessment :

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 did not make any interest payment during the year. The Subject was dependent on its shareholders' funds to finance its business needs. The Subject was a zero gearing company, it was solely dependant on its shareholders to provide funds to finance its business. The Subject has good chance of getting loans, if the needs arises.

Overall financial condition of the Subject : STABLE

 

 

 

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

-

7.40

Government Services

6.00

6.50

6.30

-

-

Education Services

0.30

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 2015, the Subject is a Private Limited company, focusing on trading of industrial, electrical equipment, control system and other related equipments. The Subject has been in business for less than 5 years and it has slowly been building up contact with its clients while competing in the industry. However, it has yet to enjoy a stable market shares as it need to compete many well established players in the same field. The Subject have a strong support from its shareholder. However, the Subject does not have a strong capital position. Without a strong capital, the Subject may face difficulties to expand its business compared to other large corporation.

Investigation revealed, 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. Being a small company, the Subject's business operation is supported by 30 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.

The Subject has generated its turnover of SGD 18,071,767 and it pre tax profit of SGD 546,781. Based on the higher profitability, the Subject has generated a favourable return based on its existing shareholders' funds which indicated that the management was efficient in utilising its funds to generate income. Due to its weak liquidity position, the Subject may face working capital deficiency in meeting its short term financial obligations if no fresh capital are injected into the Subject. Being a zero geared company, the Subject virtually has no financial risk as it is mainly dependent on its internal funds to finance its business.

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 Subject's payment habit is average. With its adequate working capital, the Subject should be able to pay its short term debts.

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

In view of the above, we recommend credit be granted to the Subject with close monitoring.

 

 

FINANCIAL

 

PROFIT AND LOSS ACCOUNT

 

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

CRESTRON SINGAPORE PTE. LTD.

 

Financial Year End

2016-12-31

Months

12

Consolidated Account

Company

Audited Account

YES

Unqualified Auditor's Report (Clean Opinion)

YES

Financial Type

FULL

Currency

SGD

TURNOVER

18,071,767

Other Income

2,795

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

Total Turnover

18,074,562

Costs of Goods Sold

(13,360,829)

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

Gross Profit

4,713,733

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

PROFIT/(LOSS) FROM OPERATIONS

546,781

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

PROFIT/(LOSS) BEFORE TAXATION

546,781

Taxation

(46,856)

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

PROFIT/(LOSS) AFTER TAXATION

499,925

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

PROFIT AVAILABLE FOR APPROPRIATIONS

499,925

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

RETAINED PROFIT/(LOSS) CARRIED FORWARD

499,925

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

DEPRECIATION (as per notes to P&L)

109,021

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

Total Amortization And Depreciation

109,021

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

 

BALANCE SHEET

 

CRESTRON SINGAPORE PTE. LTD.

 

ASSETS EMPLOYED:

FIXED ASSETS

514,947

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

TOTAL LONG TERM ASSETS

514,947

CURRENT ASSETS

Stocks

7,654,649

Trade debtors

5,006,328

Other debtors, deposits & prepayments

186,479

Cash & bank balances

6,629,680

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

TOTAL CURRENT ASSETS

19,477,136

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

TOTAL ASSET

19,992,083

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

CURRENT LIABILITIES

Trade creditors

19,444,302

Provision for taxation

46,856

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

TOTAL CURRENT LIABILITIES

19,491,158

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

NET CURRENT ASSETS/(LIABILITIES)

(14,022)

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

TOTAL NET ASSETS

500,925

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

FINANCED BY:

SHARE CAPITAL

Ordinary share capital

1,000

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

TOTAL SHARE CAPITAL

1,000

RESERVES

Retained profit/(loss) carried forward

499,925

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

TOTAL RESERVES

499,925

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

SHAREHOLDERS' FUNDS/EQUITY

500,925

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

 

FINANCIAL RATIO

 

CRESTRON SINGAPORE PTE. LTD.

 

TYPES OF FUNDS

Cash

6,629,680

Net Liquid Funds

6,629,680

Net Liquid Assets

(7,668,671)

Net Current Assets/(Liabilities)

(14,022)

Net Tangible Assets

500,925

Net Monetary Assets

(7,668,671)

PROFIT & LOSS ITEMS

Earnings Before Interest & Tax (EBIT)

0

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

655,802

BALANCE SHEET ITEMS

Total Borrowings

0

Total Liabilities

19,491,158

Total Assets

19,992,083

Net Assets

500,925

Net Assets Backing

500,925

Shareholders' Funds

500,925

Total Share Capital

1,000

Total Reserves

499,925

GROWTH RATIOS (Year on Year) (%)

Revenue

-

Proft/(Loss) Before Tax

-

Proft/(Loss) After Tax

-

Total Assets

-

Total Liabilities

-

LIQUIDITY (Times)

Cash Ratio

0.34

Liquid Ratio

0.61

Current Ratio

1.00

WORKING CAPITAL CONTROL (Days)

Stock Ratio

155

Debtors Ratio

101

Creditors Ratio

531

SOLVENCY RATIOS (Times)

Gearing Ratio

0

Liabilities Ratio

38.91

Times Interest Earned Ratio

0

Assets Backing Ratio

500.93

PERFORMANCE RATIO (%)

Operating Profit Margin

3.03

Net Profit Margin

2.77

Return On Net Assets

109.15

Return On Capital Employed

109.15

Return On Shareholders' Funds/Equity

99.80

Dividend Pay Out Ratio (Times)

0

NOTES TO ACCOUNTS

Contingent Liabilities

0




 

 

FOREIGN EXCHANGE RATES

 

Currency
Unit

Indian Rupees

US Dollar

1

INR 63.03

UK Pound

1

INR 90.40

Euro

1

INR 79.73

SGD

1

INR 48.65

 

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

 

 

INFORMATION DETAILS

 

Analysis Done by :

PRI

 

 

Report Prepared by :

KET

                                                


 

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.