|
|
|
MIRA INFORM REPORT
|
Report No. : |
490170 |
|
Report Date : |
07.02.2018 |
IDENTIFICATION DETAILS
|
Name : |
FLIPKART LIMITED |
|
|
|
|
Formerly Known As : |
FLIPKART PRIVATE LIMITED (16/12/2014) |
|
|
|
|
Registered Office : |
80, Raffles Place, 32-01, UOB Plaza, 048624 |
|
|
|
|
Country : |
Singapore |
|
|
|
|
Financials (as on) : |
31.03.2017 |
|
|
|
|
Date of Incorporation : |
04.10.2011 |
|
|
|
|
Com. Reg. No.: |
201129903N |
|
|
|
|
Legal Form : |
Public (Limited By Share) |
|
|
|
|
Line of Business : |
The subject is principally engaged in the
investment holding. |
|
|
|
|
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 : |
Slow |
|
|
|
|
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. |
: |
201129903N |
||||
|
COMPANY NAME |
: |
FLIPKART LIMITED |
||||
|
FORMER NAME |
: |
FLIPKART PRIVATE LIMITED (16/12/2014) |
||||
|
INCORPORATION DATE |
: |
04/10/2011 |
||||
|
COMPANY STATUS |
: |
EXIST |
||||
|
LEGAL FORM |
: |
PUBLIC (LIMITED BY SHARE) |
||||
|
LISTED STATUS |
: |
NO |
||||
|
REGISTERED ADDRESS |
: |
80, RAFFLES PLACE, 32-01, UOB PLAZA,
048624, SINGAPORE. |
||||
|
BUSINESS ADDRESS |
: |
80 RAFFLES PLACE, 32-01, UOB PLAZA 1,
048624, SINGAPORE. |
||||
|
TEL.NO. |
: |
65-62252626 |
||||
|
FAX.NO. |
: |
N/A |
||||
|
CONTACT PERSON |
: |
SACHIN BANSAL ( DIRECTOR ) |
||||
|
PRINCIPAL ACTIVITY |
: |
INVESTMENT HOLDING |
||||
|
ISSUED AND PAID UP CAPITAL |
: |
16,132,012.00
ORDINARY SHARE, OF A VALUE OF USD 45,920,285.36 |
||||
|
SALES |
: |
INR 198,546,000,000 [2017] |
||||
|
NET WORTH |
: |
INR (188,076,000,000) [2017] |
||||
|
STAFF STRENGTH |
: |
N/A |
||||
|
||||||
|
LITIGATION |
: |
CLEAR |
||||
|
FINANCIAL CONDITION |
: |
POOR |
||||
|
PAYMENT |
: |
SLOW |
||||
|
MANAGEMENT CAPABILITY |
: |
AVERAGE |
||||
|
COMMERCIAL RISK |
: |
MODERATE |
||||
|
CURRENCY EXPOSURE |
: |
MODERATE |
||||
|
GENERAL REPUTATION |
: |
SATISFACTORY |
||||
|
INDUSTRY OUTLOOK |
: |
MARGINAL GROWTH |
||||
HISTORY / BACKGROUND
|
As a public limited company, the Subject must
have at least one shareholder but there is no limit on the maximum number of
shareholders. The Subject must have at least two directors. A public 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. The liabilities of the shareholders are only up
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 must file in its annual return, together
with its financial statements with the Registrar of Companies.
The subject is principally engaged in the (as
a / as an) investment holding.
Share Capital History
|
Date |
Issue & Paid Up Capital |
|
06/02/2018 |
USD 6,616,957,974.39 |
The major shareholder(s) of the Subject are
shown as follows :
Current Shareholder(s) :
|
Name |
Address |
IC/PP/Loc No |
Shareholding |
(%) |
|
SVF HOLDINGS (JERSEY) L.P. |
1, CIRCLE STAR WAY, 4TH FLOOR, SAN CARLOS,
CA 94070 UNITED STATES |
T17UF8596 |
28,002,521.00 |
20.79 |
|
TIGER GLOBAL INTERNATIONAL II HOLDINGS |
TIGER GLOBAL MAURITIUS OFFICE, TWENTYSEVEN
CYBERCITY, EBENE MAURITIUS |
T11UF4013 |
18,832,109.00 |
13.98 |
|
MIH B2C HOLDINGS B.V. |
TAURUSAVENUE, 105, 2132LS HOOFDDORP,
AMSTERDAM NETHERLANDS |
T12UF2895 |
17,280,069.00 |
12.83 |
|
EBAY SINGAPORE SERVICES PRIVATE LIMITED |
10, COLLYER QUAY, 10-01, OCEAN FINANCIAL
CENTRE 049315 ,SINGAPORE |
200310706N |
8,228,024.00 |
6.11 |
|
ACEVILLE PTE. LTD. |
16, COLLYER QUAY, 18-29, INCOME AT RAFFLES
049318 ,SINGAPORE |
200510104M |
7,944,299.00 |
5.90 |
|
SACHIN BANSAL + |
HOUSE 495, 14TH MAIN ROAD, 3RD BLOCK
KORAMANGALA, BANGALORE, KARNATAKA, 560034, INDIA. |
Z2187734 |
7,480,712.00 |
5.55 |
|
BINNY BANSAL + |
FLAT C-703, MANTRI CLASSIC APARTMENT, 1ST
MAIN, 8TH CROSS ST BED LAYOUT, KORAMANGALA, BENGALURU, 560034, INDIA. |
Z2680672 |
7,065,954.00 |
5.25 |
|
ACCEL INDIA VENTURE II (MAURITIUS) LTD |
5TH FLOOR, EBENE ESPLANADE, 24, CYBERCITY,
EBENE MAURITIUS |
T11UF4241 |
5,668,072.00 |
4.21 |
|
INTERNET FUND II PTE. LTD. |
8, TEMASEK BOULEVARD, 32-02, SUNTEC TOWER THREE
038988 ,SINGAPORE |
201409755E |
2,918,589.00 |
2.17 |
|
INTERNET FUND IIIA PTE. LTD. |
8, TEMASEK BOULEVARD, 32-02, SUNTEC TOWER
THREE 038988 ,SINGAPORE |
201433341G |
2,315,005.00 |
1.72 |
|
INQ HOLDING LLC |
C/O QATAR HOLDING LLC, Q-TEL TOWER,
DIPLOMATIC AREA STREET, WEST BAY, DOHA QATAR |
T15UF0369 |
2,307,061.00 |
1.71 |
|
REMAINING SHAREHOLDERS |
- |
- |
26,649,821.00 |
19.79 |
|
--------------- |
------ |
|||
|
134,692,236.00 |
100.00 |
|||
|
============ |
===== |
+ Also Director
The Subject's interest in other companies
(Subsidiaries/Associates) are shown as follow :
|
Local No |
Country |
Company |
Status |
(%) |
As At |
|
INDIA |
30K FINANCE PRIVATE LIMITED |
- |
100.00 |
31/03/2017 |
|
|
201130087Z |
SINGAPORE |
ADIQUITY PTE. LTD. |
- |
100.00 |
31/03/2017 |
|
INDIA |
ADIQUITY TECHNOLOGIES PRIVATE LIMITED |
- |
100.00 |
31/03/2017 |
|
|
INDIA |
DSYN TECHNOLOGIES PRIVATE LIMITED |
- |
100.00 |
31/03/2017 |
|
|
MAURITIUS |
ELEVATED INVESTMENTS PRIVATE LIMITED |
- |
100.00 |
31/03/2017 |
|
|
MAURITIUS |
FIRST RANK INVESTMENTS PRIVATE LIMITED |
- |
100.00 |
31/03/2017 |
|
|
201434984N |
SINGAPORE |
FK MYNTRA HOLDINGS PRIVATE LIMITED |
- |
100.00 |
06/02/2018 |
|
INDIA |
FLIPKART DIGITAL MEDIA PRIVATE LIMITED |
- |
100.00 |
31/03/2017 |
|
|
INDIA |
FLIPKART INDIA PRIVATE LIMITED |
- |
100.00 |
31/03/2017 |
|
|
INDIA |
FLIPKART INTERNET PRIVATE LIMITED |
- |
100.00 |
31/03/2017 |
|
|
INDIA |
FLIPKART LOGISTICS PRIVATE LIMITED |
- |
100.00 |
31/03/2017 |
|
|
201222646D |
SINGAPORE |
FLIPKART LOGISTICS PRIVATE LIMITED |
- |
100.00 |
31/03/2017 |
|
201222640W |
SINGAPORE |
FLIPKART MARKETPLACE PRIVATE LIMITED |
- |
100.00 |
06/02/2018 |
|
201222649R |
SINGAPORE |
FLIPKART PAYMENTS PRIVATE LIMITED |
- |
100.00 |
06/02/2018 |
|
201423638R |
SINGAPORE |
FLIPPAY PRIVATE LIMITED |
- |
100.00 |
06/02/2018 |
|
INDIA |
FX MART PRIVATE LIMITED |
- |
100.00 |
31/03/2017 |
|
|
MAURITIUS |
GURUJI.COM TECHNOLOGIES |
- |
100.00 |
31/03/2017 |
|
|
INDIA |
INSTAKART SERVICES PRIVATE LIMITED |
- |
100.00 |
31/03/2017 |
|
|
INDIA |
JEEVES CONSUMER SERVICES PRIVATE LIMITED |
- |
100.00 |
31/03/2017 |
|
|
INDIA |
JIGRAHAK MOBILITY SOLUTIONS PRIVATE LIMITED |
- |
100.00 |
31/03/2017 |
|
|
201503480K |
SINGAPORE |
KLICK2SHOP LOGISTICS SERVICES INTERNATIONAL
PRIVATE LIMITED |
- |
100.00 |
06/02/2018 |
|
INDIA |
MYNTRA DESIGNS PRIVATE LIMITED |
- |
100.00 |
31/03/2017 |
|
|
UNITED STATES |
MYNTRA INC |
- |
100.00 |
31/03/2016 |
|
|
MAURITIUS |
NUEVO TIGER INVESTMENT PRIVATE LIMITED |
- |
100.00 |
31/03/2017 |
|
|
201503058C |
SINGAPORE |
QUICKROUTES INTERNATIONAL PRIVATE LIMITED |
- |
100.00 |
06/02/2018 |
|
INDIA |
QUICKROUTES INTERNET PRIVATE LIMITED |
- |
100.00 |
31/03/2016 |
DIRECTORS
|
DIRECTOR 1
|
Name Of Subject |
: |
OLIVER MINHO RIPPEL |
|
Address |
: |
183, DUCHESS AVENUE, 266352, SINGAPORE. |
|
Other Address(es) |
: |
106, DUCHESS AVENUE, 01-12, DUCHESS
RESIDENCES, 266311, SINGAPORE. |
|
IC / PP No |
: |
S7669719A |
|
Nationality |
: |
GERMAN |
|
Date of Appointment |
: |
31/08/2012 |
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 |
201129903N |
FLIPKART LIMITED |
Director |
31/08/2012 |
0.00 |
- |
INR(87,714,000,000.00) |
2017 |
- |
06/02/2018 |
DIRECTOR 2
|
Name Of Subject |
: |
ADITYA AGARWAL |
|
Address |
: |
1068, SANCHEZ STREET, SAN FRANCISCO, CA
94114, UNITED STATES. |
|
IC / PP No |
: |
K6385253 |
|
Nationality |
: |
INDIAN |
|
Date of Appointment |
: |
28/09/2014 |
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 |
201129903N |
FLIPKART LIMITED |
Director |
28/09/2014 |
0.00 |
- |
INR(87,714,000,000.00) |
2017 |
- |
06/02/2018 |
DIRECTOR 3
|
Name Of Subject |
: |
SUBRATA MITRA |
|
Address |
: |
FLAT A-401, MANTRI ELEGANCE, BANNERGHATTA
ROAD, BANGALORE, 560076, INDIA. |
|
IC / PP No |
: |
095868390 |
|
Nationality |
: |
AMERICAN |
|
Date of Appointment |
: |
13/01/2012 |
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 |
201129903N |
FLIPKART LIMITED |
Director |
13/01/2012 |
0.00 |
- |
INR(87,714,000,000.00) |
2017 |
- |
06/02/2018 |
DIRECTOR 4
|
Name Of Subject |
: |
LEE JARED FIXEL |
|
Address |
: |
995, FIFTH AVENUE, APT 10S, NEW YORK, NY
10028, UNITED STATES. |
|
IC / PP No |
: |
422075211 |
|
Nationality |
: |
AMERICAN |
|
Date of Appointment |
: |
13/01/2012 |
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 |
201129903N |
FLIPKART LIMITED |
Director |
13/01/2012 |
0.00 |
- |
INR(87,714,000,000.00) |
2017 |
- |
06/02/2018 |
|
2 |
200506074G |
WEGO PTE. LTD. |
Shareholder Director |
05/11/2015 04/11/2010 |
90,652.00 |
- |
SGD(9,035,457.07) |
2014 |
- |
08/07/2016 |
DIRECTOR 5
|
Name Of Subject |
: |
JAMES GORDON MITCHELL |
|
Address |
: |
FLAT A1 29/F, BLOCK A NICHOLSON TOWER, 8,
WONG NAI CHUNG, GAP ROAD, HONG KONG. |
|
IC / PP No |
: |
536937857 |
|
Nationality |
: |
BRITISH |
|
Date of Appointment |
: |
25/05/2017 |
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 |
201129903N |
FLIPKART LIMITED |
Director |
25/05/2017 |
0.00 |
- |
INR(87,714,000,000.00) |
2017 |
- |
06/02/2018 |
DIRECTOR 6
|
Name Of Subject |
: |
RAJESH MAGOW |
|
Address |
: |
PNB 101, PINNACLE DLF CITY, PHASE - V,
GURGAON HARYANA, 122009, INDIA. |
|
Other Address(es) |
: |
MAKEMY TRIP FLAT NO. B 101, THE PINNACLE
DLF PHASE 5, GURGAON, HAYANA 122009 INDIA |
|
IC / PP No |
: |
Z3205825 |
|
Nationality |
: |
INDIAN |
|
Date of Appointment |
: |
27/06/2017 |
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 |
201129903N |
FLIPKART LIMITED |
Director |
27/06/2017 |
0.00 |
- |
INR(87,714,000,000.00) |
2017 |
- |
06/02/2018 |
|
2 |
1146373A |
IBIBO GROUP SDN. BHD. |
Director |
31/01/2017 |
0.00 |
- |
MYR(3,772,222.00) |
2017 |
- |
25/01/2018 |
DIRECTOR 7
|
Name Of Subject |
: |
STEVEN DERICK BOYD |
|
Address |
: |
171 W 71ST ST, 11B, NEW YORK, NY 10023,
UNITED STATES. |
|
IC / PP No |
: |
526250858 |
|
Nationality |
: |
AMERICAN |
|
Date of Appointment |
: |
21/08/2015 |
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 |
201129903N |
FLIPKART LIMITED |
Director |
21/08/2015 |
0.00 |
- |
INR(87,714,000,000.00) |
2017 |
- |
06/02/2018 |
DIRECTOR 8
|
Name Of Subject |
: |
KABIR MISRA |
|
Address |
: |
96, HOWARD WAY, ATHERTON, CA 94027, UNITED
STATES. |
|
IC / PP No |
: |
548540021 |
|
Nationality |
: |
AMERICAN |
|
Date of Appointment |
: |
10/01/2018 |
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 |
201129903N |
FLIPKART LIMITED |
Director |
10/01/2018 |
0.00 |
- |
INR(87,714,000,000.00) |
2017 |
- |
06/02/2018 |
DIRECTOR 9
|
Name Of Subject |
: |
BINNY BANSAL |
|
Address |
: |
FLAT C-703, MANTRI CLASSIC APARTMENT, 1ST
MAIN, 8TH CROSS ST BED LAYOUT, KORAMANGALA, BENGALURU, 560034, INDIA. |
|
IC / PP No |
: |
Z2680672 |
|
Nationality |
: |
INDIAN |
|
Date of Appointment |
: |
19/05/2012 |
|
Remark |
: |
ORDINARY = USD 7,065,954.00 |
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 |
201129903N |
FLIPKART LIMITED |
Director |
19/05/2012 |
7,065,954.00 |
5.25 |
INR(87,714,000,000.00) |
2017 |
- |
06/02/2018 |
DIRECTOR 10
|
Name Of Subject |
: |
SACHIN BANSAL |
|
Address |
: |
HOUSE 495, 14TH MAIN ROAD, 3RD BLOCK
KORAMANGALA, BANGALORE, KARNATAKA, 560034, INDIA. |
|
IC / PP No |
: |
Z2187734 |
|
Nationality |
: |
INDIAN |
|
Date of Appointment |
: |
19/05/2012 |
|
Remark |
: |
ORDINARY = USD 7,480,712 |
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 |
201129903N |
FLIPKART LIMITED |
Director |
19/05/2012 |
7,480,712.00 |
5.55 |
INR(87,714,000,000.00) |
2017 |
- |
06/02/2018 |
MANAGEMENT
|
|
1) |
Name of Subject |
: |
BINNY BANSAL |
|
Position |
: |
CEO |
|
|
2) |
Name of Subject |
: |
SACHIN BANSAL |
|
Position |
: |
DIRECTOR |
|
AUDITOR
|
|
Auditor |
: |
ERNST & YOUNG LLP |
|
Auditor' Address |
: |
N/A |
COMPANY SECRETARIES
|
|
1) |
Company Secretary |
: |
RAY CHIANG RUISHU |
|
IC / PP No |
: |
S8121597I |
|
|
Address |
: |
34, PARBURY AVENUE, 04-08, PARBURY HILL
CONDOMINIUM, 467302, SINGAPORE. |
|
BANKING
|
Banking relations are maintained principally with :
|
1) |
Name |
: |
DEUTSCHE BANK AKTIENGESELLSCHAFT |
ENCUMBRANCE (S)
|
|
Charge No |
Creation Date |
Charge Description |
Chargee Name |
Total Charge |
Status |
|
C201510380 |
14/09/2015 |
N/A |
DEUTSCHE BANK AKTIENGESELLSCHAFT |
- |
Unsatisfied |
|
C201513977 |
07/12/2015 |
N/A |
DEUTSCHE BANK AKTIENGESELLSCHAFT |
- |
Unsatisfied |
|
C201612143 |
02/12/2016 |
N/A |
DEUTSCHE BANK AKTIENGESELLSCHAFT |
- |
Unsatisfied |
|
C201612960 |
23/12/2016 |
N/A |
DEUTSCHE BANK AKTIENGESELLSCHAFT |
- |
Unsatisfied |
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 |
: |
N/A |
|
Overseas |
: |
N/A |
The Subject is a service provider.
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 |
[ |
] |
||||||
|
Fair 91-120 Days |
[ |
X |
] |
Poor >120 Days |
[ |
] |
||||||||
CLIENTELE
|
|
Local |
: |
YES |
|||
|
Domestic Markets |
: |
SINGAPORE |
|||
|
Overseas |
: |
YES |
|||
|
Export Market |
: |
WORLDWIDE |
|||
|
Credit Term |
: |
AS AGREED |
|||
|
Payment Mode |
: |
CHEQUES |
|||
OPERATIONS
|
|
Services |
: |
INVESTMENT HOLDING |
|
|
Total Number of Employees: |
|||||||||
|
YEAR |
2015 |
||||||||
|
|
|||||||||
|
COMPANY |
n/a |
||||||||
|
Branch |
: |
NO |
Other Information:
The Subject is principally engaged in the (as a / as an) investment
holding.
The Group is engaged in the following services:
* information technology solution and services
* payment gateway and technology services
* digital business, operation of an online shopping portal
* Wholesale trading on cash and carry
CURRENT INVESTIGATION
|
Latest fresh investigations carried out on
the Subject indicated that :
|
Telephone Number Provided By Client |
: |
N/A |
|
Current Telephone Number |
: |
65-62252626 |
|
Match |
: |
N/A |
|
Address Provided by Client |
: |
SINGAPORE |
|
Current Address |
: |
80 RAFFLES PLACE, 32-01, UOB PLAZA 1,
048624, SINGAPORE. |
|
Match |
: |
NO |
Other Investigations
We contacted one of the staff from the Subject's registered office and she only
provided limited information.
She refused to disclose the fax number and number of employees.
The address provided is incomplete.
FINANCIAL ANALYSIS
|
|
Profitability |
||||||
|
Turnover |
: |
Increased |
[ |
2013 - 2017 |
] |
|
|
Profit/(Loss) Before Tax |
: |
Increased |
[ |
2013 - 2017 |
] |
|
|
Return on Shareholder Funds |
: |
Unfavourable |
[ |
46.63% |
] |
|
|
Return on Net Assets |
: |
Unfavourable |
[ |
42.59% |
] |
|
|
The Subject's turnover increased steadily
as the demand for its products / services increased due to the goodwill built
up over the years.Higher losses before tax during the year could be due to
the higher operating costs incurred. Although the Subject's returns showed
positive figures it is not reflective of the true situation. The Subject
incurred losses during the year and its shareholders' funds have turned red.
The positive returns on shareholders' funds is the result of losses divided
by negative shareholders' funds. The Subject's management was inefficient in
utilising the assets to generate returns. |
||||||
|
Working Capital Control |
||||||
|
Debtor Ratio |
: |
Favourable |
[ |
24 Days |
] |
|
|
Creditors Ratio |
: |
Unfavourable |
[ |
66 Days |
] |
|
|
The favourable debtors' days could be due to
the good credit control measures implemented by the Subject. 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 |
: |
Favourable |
[ |
1.40 Times |
] |
|
|
Current Ratio |
: |
Unfavourable |
[ |
1.89 Times |
] |
|
|
A minimum liquid ratio of 1 should be
maintained by the Subject in order to assure its creditors of its ability to
meet short term obligations and the Subject was in a good liquidity position.
Thus, we believe the Subject is able to meet all its short term obligations
as and when they fall due. |
||||||
|
Solvency |
||||||
|
Interest Cover |
: |
Unfavourable |
[ |
(9.05 Times) |
] |
|
|
Gearing Ratio |
: |
Unfavourable |
[ |
(0.82 Times) |
] |
|
|
The Subject incurred losses in the year. It
did not generate sufficient income to service its interest. If the
situation does not improve, the Subject may be vulnerable to default in
servicing the interest. The Subject's gearing was negative during the year as
its shareholders' funds was in the red. This means the Subject is running its
business using borrowed money. We consider the Subject as facing high
financial risks. |
||||||
|
Overall Assessment : |
||||||
|
Although the Subject's turnover increased
its profits however showed a reverse trend. The losses could be due to the
management's failure to maintain its competitiveness in the market. The
Subject was in good liquidity position with its total current liabilities
well covered by its total current assets. With its current net assets, the
Subject should be able to repay its short term obligations. The Subject's
interest cover was negative, indicating that it did not generate sufficient
income to service its interest. If its result does not show impressive
improvements or succeed obtaining short term financing or capital injection,
it may not be able to service its interest and repay the loans. The Subject
has high financial risks. If its shareholders do not inject more capital into
the company or if its business performance does not improve, its going
concern may be in question. |
||||||
|
Overall financial condition of the Subject
: POOR |
||||||
|
|
||||||
SINGAPORE ECONOMIC / INDUSTRY OUTLOOK
|
|
Major Economic Indicators : |
2012 |
2013 |
2014 |
2015 |
2016* |
|
|
|||||
|
Population (Million) |
5.31 |
5.40 |
5.47 |
5.54 |
5.63 |
|
Gross Domestic Products ( % ) |
1.3 |
3.7 |
(3.5) |
3.7 |
4.8 |
|
Consumer Price Index |
4.6 |
2.4 |
2.4 |
(0.5) |
(0.7) |
|
Total Imports (Million) |
474,554.0 |
466,762.0 |
463,779.1 |
407,767.9 |
398,372.0 |
|
Total Exports (Million) |
510,329.0 |
513,391.0 |
518,922.7 |
476,285.4 |
468,552.0 |
|
|
|||||
|
Unemployment Rate (%) |
2.0 |
1.9 |
1.9 |
1.9 |
2.1 |
|
Tourist Arrival (Million) |
14.49 |
15.46 |
15.01 |
15.23 |
16.28 |
|
Hotel Occupancy Rate (%) |
86.4 |
86.3 |
85.5 |
85.0 |
- |
|
Cellular Phone Subscriber (Million) |
1.52 |
1.97 |
1.98 |
1.99 |
- |
|
|
|||||
|
Registration of New Companies (No.) |
31,892 |
37,288 |
41,589 |
34,243 |
35,528 |
|
Registration of New Companies (%) |
(1.3) |
9.8 |
11.5 |
(17.7) |
3.8 |
|
Liquidation of Companies (No.) |
17,218 |
17,369 |
18,767 |
21,384 |
- |
|
Liquidation of Companies (%) |
9.4 |
(5.3) |
8.0 |
13.9 |
- |
|
|
|||||
|
Registration of New Businesses (No.) |
24,788 |
22,893 |
35,773 |
28,480 |
33,326 |
|
Registration of New Businesses (%) |
5.51 |
1.70 |
56.30 |
(20.39) |
17.02 |
|
Liquidation of Businesses (No.) |
22,489 |
22,598 |
22,098 |
26,116 |
- |
|
Liquidation of Businesses (%) |
(2.2) |
0.5 |
(2.2) |
18.2 |
- |
|
|
|||||
|
Bankruptcy Orders (No.) |
1,748 |
1,992 |
1,757 |
1,776 |
- |
|
Bankruptcy Orders (%) |
14.5 |
14.0 |
(11.8) |
1.0 |
- |
|
Bankruptcy Discharges (No.) |
1,881 |
2,584 |
3,546 |
3,499 |
- |
|
Bankruptcy Discharges (%) |
35.2 |
37.4 |
37.2 |
(1.3) |
- |
|
|
|||||
|
INDUSTRIES ( % of Growth ) : |
|||||
|
Agriculture |
|||||
|
Production of Principal Crops |
5.16 |
1.78 |
4.29 |
3.04 |
- |
|
Fish Supply & Wholesale |
(0.5) |
(3.8) |
(8.6) |
(8.5) |
(9.9) |
|
|
|||||
|
Manufacturing # |
|||||
|
Food, Beverages & Tobacco |
97.9 |
97.9 |
99.4 |
100.0 |
103.7 |
|
Textiles |
140.1 |
119.5 |
102.7 |
100.0 |
93.3 |
|
Wearing Apparel |
395.4 |
334.1 |
212.6 |
100.0 |
80.3 |
|
Leather Products & Footwear |
109.5 |
122.0 |
106.5 |
100.0 |
93.2 |
|
Wood & Wood Products |
93.3 |
103.0 |
107.2 |
100.0 |
90.5 |
|
Paper & Paper Products |
98.5 |
104.4 |
104.5 |
100.0 |
99.7 |
|
Printing & Media |
122.8 |
113.8 |
105.968 |
100.0 |
86.9 |
|
Crude Oil Refineries |
107.1 |
100.7 |
92.2 |
100.0 |
100.5 |
|
Chemical & Chemical Products |
85.3 |
88.4 |
96.7 |
100.0 |
97.6 |
|
Pharmaceutical Products |
103.8 |
101.421 |
109.4 |
100.0 |
115.9 |
|
Rubber & Plastic Products |
113.5 |
109.497 |
109.2 |
100.0 |
87.9 |
|
Non-metallic Mineral |
108.8 |
107.4 |
90.759 |
100.0 |
93.6 |
|
Basic Metals |
91.5 |
77.2 |
99.3 |
100.0 |
113.1 |
|
Fabricated Metal Products |
107.314 |
107.5 |
107.757 |
100.0 |
91.7 |
|
Machinery & Equipment |
107.3 |
109.1 |
118.2 |
100.0 |
79.3 |
|
Electrical Machinery |
80.102 |
87.4 |
97.871 |
100.0 |
99.3 |
|
Electronic Components |
100.7 |
105.0 |
105.6 |
100.0 |
106.3 |
|
Transport Equipment |
109.9 |
111.1 |
106.68 |
100.0 |
98.7 |
|
|
|||||
|
Construction |
28.70 |
25.40 |
22.00 |
- |
- |
|
Real Estate |
31.9 |
88.5 |
145.1 |
- |
- |
|
|
|||||
|
Services |
|||||
|
Electricity, Gas & Water |
6.30 |
6.70 |
6.50 |
- |
- |
|
Transport, Storage & Communication |
5.30 |
9.80 |
14.20 |
- |
- |
|
Finance & Insurance |
0.50 |
3.30 |
6.00 |
- |
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 : |
ECONOMY |
|
The economy expanded by 1.9% in the third
quarter of 2015, marginally slower than the 2.0% growth in the second
quarter. On a quarter-on-quarter seasonally-adjusted annualised basis, the economy
grew by 1.9%, a reversal from the 2.6% contraction in the previous quarter. |
|
|
Among the key sectors of the economy, the
manufacturing sector recorded the weakest performance, contracting by 6.2% in
the third quarter of 2015, extending the 4.8% decline in the previous
quarter. The contraction was primarily due to a decline in the output of the
transport engineering, electronics and precision engineering clusters. |
|
|
The services producing industries performed
better, with all sectors registering expansions. The wholesale & retail
trade sector posted the strongest growth of 6.8%, followed by the finance
& insurance (4.8%), information & communications (4.8%), other
services (2.2%) and business services (1.5%) sectors. The accommodation &
food services and transportation & storage sectors also recorded positive
growth of 0.9% and 0.3% respectively. |
|
|
Meanwhile, the construction sector grew by
1.6%, moderating from the 2.2% growth in the second quarter of 2015. The sectors
that contributed the most to economic growth in the third quarter of 2015
were the wholesale & retail trade and finance & insurance sectors.
Together, they accounted for about 97% of overall GDP growth. |
|
|
Total demand rose by 4.1% in the third
quarter, accelerating from the 0.6% growth in the previous quarter. The
expansion was supported by both external and domestic demand. External demand
rose at a faster pace of 3.2%, compared to the 1.1% growth in the previous
quarter. Meanwhile, domestic demand increased by 6.6%, a rebound from the
0.6% decline in the second quarter. |
|
|
Domestic demand was driven by consumption
expenditure, which grew by 6.7% in the third quarter of 2015 following the 3.4%
growth in the previous quarter. Both private and public consumption
contributed to the rise in consumption expenditure. Changes in inventories
also supported growth, rising by 1.6%, a reversal from the 2.9% contraction
in the previous quarter. Growth in gross fixed capital formation moderated to
0.2%, from 4.1% in the previous quarter, weighed down by both public and
private investments. Public investments contracted by 1.1%, a sharp reversal
from the 11% growth in the previous quarter. On the other hand, private
investments registered modest growth of 0.5%, slower than the 2.4% growth in
the previous quarter. |
|
|
Overall employment rose by 16,400 on a
quarter-on-quarter basis in the third quarter of 2015, faster than the gains
of 9,700 in the previous quarter. However, this represented a slower rate of
increase as compared to the employment gains of 33,400 in the third quarter
of 2014. The increase in employment in the third quarter brought the total
number of employed persons in September 2015 to 3,644,000, 1.7% higher than a
year ago. The rate of increase over 2014 was slower compared to that recorded
in June 2015 (2.2%). At the sectoral level, employment in the services and
construction sectors expanded on a quarter-on-quarter basis in the third quarter
of 2015, while manufacturing employment continued to decline. |
|
|
Even though global growth is expected to
improve, the continued slowdown in the Chinese economy, the services-driven
nature of growth in the US, as well as the trends of in-sourcing in China and
the US may mean that external demand for Singapore and regional countries may
not see a significant uplift in 2016. Domestically, the labour market is also
expected to be tight, with the unemployment rate remaining low. |
|
|
Against this backdrop, the growth outlook
for the Singapore economy in 2016 is modest. While sectors such as finance
& insurance and wholesale trade are expected to support growth, the
manufacturing sector is likely to remain weak. Sector-specific factors may
also weigh on the growth of some sectors. For instance, sustained low oil
prices will continue to dampen rig building activities in the marine &
offshore segment. Growth in labour-intensive sectors such as retail and food
services may also be weighed down by labour constraints. By barring the
materialisation of downside risks, the Singapore economy is expected to grow
at a modest pace of "1.0% to 3.0%" in 2016. |
|
|
OVERALL INDUSTRY OUTLOOK : MARGINAL GROWTH |
|
CREDIT RISK EVALUATION & RECOMMENDATION
|
|
|
PROFIT AND LOSS ACCOUNT
|
|
THE FINANCIAL STATEMENTS WERE PREPARED IN
ACCORDANCE WITH SINGAPORE FINANCIAL REPORTING STANDARDS. |
|
FLIPKART LIMITED |
|
Financial Year End |
2017-03-31 |
2016-03-31 |
2015-03-31 |
2014-03-31 |
2013-03-31 |
|
Months |
12 |
12 |
12 |
12 |
12 |
|
Consolidated Account |
GROUP |
GROUP |
GROUP |
GROUP |
GROUP |
|
Audited Account |
YES |
YES |
YES |
YES |
YES |
|
Unqualified Auditor's Report (Clean
Opinion) |
YES |
YES |
YES |
YES |
YES |
|
Financial Type |
FULL |
FULL |
FULL |
FULL |
FULL |
|
Currency |
INR |
INR |
INR |
INR |
INR |
|
TURNOVER |
198,546,000,000 |
154,033,000,000 |
102,458,000,000 |
29,377,183,000 |
11,631,046,000 |
|
Other Income |
150,000,000 |
138,000,000 |
204,000,000 |
36,810,000 |
516,027,000 |
|
---------------- |
---------------- |
---------------- |
---------------- |
---------------- |
|
|
Total Turnover |
198,696,000,000 |
154,171,000,000 |
102,662,000,000 |
29,413,993,000 |
12,147,073,000 |
|
---------------- |
---------------- |
---------------- |
---------------- |
---------------- |
|
|
PROFIT/(LOSS) FROM OPERATIONS |
(88,950,000,000) |
(54,674,000,000) |
(29,845,000,000) |
(10,288,926,000) |
(5,440,602,000) |
|
---------------- |
---------------- |
---------------- |
---------------- |
---------------- |
|
|
PROFIT/(LOSS) BEFORE TAXATION |
(88,950,000,000) |
(54,674,000,000) |
(29,845,000,000) |
(10,288,926,000) |
(5,440,602,000) |
|
Taxation |
1,236,000,000 |
2,436,000,000 |
55,000,000 |
- |
- |
|
---------------- |
---------------- |
---------------- |
---------------- |
---------------- |
|
|
PROFIT/(LOSS) AFTER TAXATION |
(87,714,000,000) |
(52,238,000,000) |
(29,790,000,000) |
(10,288,926,000) |
(5,440,602,000) |
|
Minority interests |
10,000,000 |
78,000,000 |
8,000,000 |
- |
1,362,000 |
|
Profit/(Loss) from discontinued operation |
- |
- |
- |
(14,326,000) |
(1,001,512,000) |
|
---------------- |
---------------- |
---------------- |
---------------- |
---------------- |
|
|
PROFIT/(LOSS) BEFORE EXTRAORDINARY ITEMS |
(87,704,000,000) |
(52,160,000,000) |
(29,782,000,000) |
(10,303,252,000) |
(6,440,752,000) |
|
---------------- |
---------------- |
---------------- |
---------------- |
---------------- |
|
|
PROFIT/(LOSS) ATTRIBUTABLE TO SHAREHOLDERS |
(87,704,000,000) |
(52,160,000,000) |
(29,782,000,000) |
(10,303,252,000) |
(6,440,752,000) |
|
RETAINED PROFIT/(LOSS) BROUGHT FORWARD |
|||||
|
As previously reported |
(99,994,000,000) |
(47,834,000,000) |
(18,051,648,000) |
(7,750,040,000) |
(1,307,644,000) |
|
Prior year adjustment |
867,000,000 |
- |
(352,000) |
- |
- |
|
---------------- |
---------------- |
---------------- |
---------------- |
---------------- |
|
|
As restated |
(99,127,000,000) |
(47,834,000,000) |
(18,052,000,000) |
(7,750,040,000) |
(1,307,644,000) |
|
---------------- |
---------------- |
---------------- |
---------------- |
---------------- |
|
|
PROFIT AVAILABLE FOR APPROPRIATIONS |
(186,831,000,000) |
(99,994,000,000) |
(47,834,000,000) |
(18,053,292,000) |
(7,748,396,000) |
|
TRANSFER TO RESERVES - General |
- |
- |
- |
1,644,000 |
(1,644,000) |
|
DIVIDENDS - Merger |
(48,268,000,000) |
- |
- |
- |
- |
|
---------------- |
---------------- |
---------------- |
---------------- |
---------------- |
|
|
RETAINED PROFIT/(LOSS) CARRIED FORWARD |
(235,099,000,000) |
(99,994,000,000) |
(47,834,000,000) |
(18,051,648,000) |
(7,750,040,000) |
|
============= |
============= |
============= |
============= |
============= |
|
|
INTEREST EXPENSE (as per notes to P&L) |
|||||
|
Others |
8,850,000,000 |
7,906,000,000 |
3,986,000,000 |
1,121,302,000 |
421,782,000 |
|
---------------- |
---------------- |
---------------- |
---------------- |
---------------- |
|
|
8,850,000,000 |
7,906,000,000 |
3,986,000,000 |
1,121,302,000 |
421,782,000 |
|
|
============= |
============= |
============= |
============= |
============= |
|
|
DEPRECIATION (as per notes to P&L) |
6,069,000,000 |
4,735,000,000 |
1,867,000,000 |
561,454,000 |
343,072,000 |
|
---------------- |
---------------- |
---------------- |
---------------- |
---------------- |
|
|
Total Amortization And Depreciation |
6,069,000,000 |
4,735,000,000 |
1,867,000,000 |
561,454,000 |
343,072,000 |
|
============= |
============= |
============= |
============= |
============= |
|
|
|
|
|
|
|
|
BALANCE SHEET
|
|
FLIPKART LIMITED |
|
ASSETS EMPLOYED: |
|||||
|
FIXED ASSETS |
9,586,000,000 |
11,287,000,000 |
5,118,000,000 |
1,090,544,000 |
845,624,000 |
|
LONG TERM INVESTMENTS/OTHER ASSETS |
|||||
|
Investments |
2,579,000,000 |
2,319,000,000 |
31,000,000 |
- |
- |
|
Deposits |
1,070,000,000 |
567,000,000 |
270,000,000 |
178,162,000 |
159,447,000 |
|
Others |
972,000,000 |
721,000,000 |
988,000,000 |
196,223,000 |
90,570,000 |
|
---------------- |
---------------- |
---------------- |
---------------- |
---------------- |
|
|
TOTAL LONG TERM INVESTMENTS/OTHER ASSETS |
4,621,000,000 |
3,607,000,000 |
1,289,000,000 |
374,385,000 |
250,017,000 |
|
INTANGIBLE ASSETS |
|||||
|
Goodwill on consolidation |
16,991,000,000 |
14,783,000,000 |
14,124,000,000 |
- |
- |
|
Computer software |
573,000,000 |
707,000,000 |
411,000,000 |
137,256,000 |
149,183,000 |
|
Trademarks |
6,062,000,000 |
4,634,000,000 |
4,557,000,000 |
8,321,000 |
10,885,000 |
|
Others |
1,244,000,000 |
2,245,000,000 |
2,565,000,000 |
496,120,000 |
73,446,000 |
|
---------------- |
---------------- |
---------------- |
---------------- |
---------------- |
|
|
TOTAL INTANGIBLE ASSETS |
24,870,000,000 |
22,369,000,000 |
21,657,000,000 |
641,697,000 |
233,514,000 |
|
---------------- |
---------------- |
---------------- |
---------------- |
---------------- |
|
|
TOTAL LONG TERM ASSETS |
39,077,000,000 |
37,263,000,000 |
28,064,000,000 |
2,106,626,000 |
1,329,155,000 |
|
CURRENT ASSETS |
|||||
|
Short term quoted/unquoted investments |
11,140,000,000 |
- |
- |
- |
- |
|
Stocks |
29,117,000,000 |
17,093,000,000 |
14,157,000,000 |
4,235,231,000 |
1,052,579,000 |
|
Trade debtors |
13,157,000,000 |
4,230,000,000 |
3,995,000,000 |
1,206,372,000 |
483,592,000 |
|
Other debtors, deposits & prepayments |
21,823,000,000 |
19,031,000,000 |
8,991,000,000 |
33,433,000 |
18,076,000 |
|
Short term deposits |
28,933,000,000 |
27,822,000,000 |
41,664,000,000 |
6,244,228,000 |
1,116,529,000 |
|
Cash & bank balances |
6,854,000,000 |
13,216,000,000 |
10,803,000,000 |
9,945,585,000 |
1,503,499,000 |
|
Others |
251,000,000 |
50,811,000,000 |
43,820,000,000 |
2,993,347,000 |
3,492,655,000 |
|
---------------- |
---------------- |
---------------- |
---------------- |
---------------- |
|
|
TOTAL CURRENT ASSETS |
111,275,000,000 |
132,203,000,000 |
123,430,000,000 |
24,658,196,000 |
7,666,930,000 |
|
---------------- |
---------------- |
---------------- |
---------------- |
---------------- |
|
|
TOTAL ASSET |
150,352,000,000 |
169,466,000,000 |
151,494,000,000 |
26,764,822,000 |
8,996,085,000 |
|
============= |
============= |
============= |
============= |
============= |
|
|
CURRENT LIABILITIES |
|||||
|
Trade creditors |
35,967,000,000 |
15,486,000,000 |
16,152,000,000 |
5,512,310,000 |
448,286,000 |
|
Other creditors & accruals |
15,916,000,000 |
11,490,000,000 |
5,672,000,000 |
1,609,740,000 |
1,262,922,000 |
|
Short term borrowings/Term loans |
5,951,000,000 |
9,883,000,000 |
629,000,000 |
- |
- |
|
Lease payables |
9,000,000 |
- |
- |
- |
- |
|
Other liabilities |
976,000,000 |
- |
- |
- |
- |
|
---------------- |
---------------- |
---------------- |
---------------- |
---------------- |
|
|
TOTAL CURRENT LIABILITIES |
58,819,000,000 |
36,859,000,000 |
22,453,000,000 |
7,122,050,000 |
1,711,208,000 |
|
---------------- |
---------------- |
---------------- |
---------------- |
---------------- |
|
|
NET CURRENT ASSETS/(LIABILITIES) |
52,456,000,000 |
95,344,000,000 |
100,977,000,000 |
17,536,146,000 |
5,955,722,000 |
|
---------------- |
---------------- |
---------------- |
---------------- |
---------------- |
|
|
LONG TERM LIABILITIES |
|||||
|
Other long term borrowings |
148,405,000,000 |
142,944,000,000 |
102,884,000,000 |
20,862,366,000 |
8,455,729,000 |
|
Lease obligations |
129,000,000 |
- |
- |
- |
- |
|
Deferred taxation |
2,281,000,000 |
16,875,000,000 |
1,891,000,000 |
- |
- |
|
Retirement benefits provision |
531,000,000 |
367,000,000 |
192,000,000 |
51,190,000 |
29,324,000 |
|
Others |
128,263,000,000 |
- |
219,000,000 |
10,709,111,000 |
3,575,552,000 |
|
---------------- |
---------------- |
---------------- |
---------------- |
---------------- |
|
|
TOTAL LONG TERM LIABILITIES |
279,609,000,000 |
160,186,000,000 |
105,186,000,000 |
31,622,667,000 |
12,060,605,000 |
|
---------------- |
---------------- |
---------------- |
---------------- |
---------------- |
|
|
TOTAL NET ASSETS |
(188,076,000,000) |
(27,579,000,000) |
23,855,000,000 |
(11,979,895,000) |
(4,775,728,000) |
|
============= |
============= |
============= |
============= |
============= |
|
|
FINANCED BY: |
|||||
|
SHARE CAPITAL |
|||||
|
Ordinary share capital |
559,000,000 |
559,000,000 |
175,000,000 |
114,114,000 |
8,455,000 |
|
Preference share capital |
8,000,000 |
8,000,000 |
8,000,000 |
8,116,000 |
8,653,000 |
|
---------------- |
---------------- |
---------------- |
---------------- |
---------------- |
|
|
TOTAL SHARE CAPITAL |
567,000,000 |
567,000,000 |
183,000,000 |
122,230,000 |
17,108,000 |
|
RESERVES |
|||||
|
Exchange equalisation/fluctuation reserve |
(2,685,000,000) |
(7,470,000,000) |
(1,539,000,000) |
(716,000) |
(716,000) |
|
Retained profit/(loss) carried forward |
(235,099,000,000) |
(99,994,000,000) |
(47,834,000,000) |
(18,051,648,000) |
(7,750,040,000) |
|
Employee share option reserve |
- |
6,729,000,000 |
3,738,000,000 |
- |
1,121,720,000 |
|
Others |
48,619,000,000 |
72,229,000,000 |
68,746,000,000 |
5,950,239,000 |
1,836,200,000 |
|
---------------- |
---------------- |
---------------- |
---------------- |
---------------- |
|
|
TOTAL RESERVES |
(189,165,000,000) |
(28,506,000,000) |
23,111,000,000 |
(12,102,125,000) |
(4,792,836,000) |
|
MINORITY INTEREST |
522,000,000 |
360,000,000 |
561,000,000 |
- |
- |
|
---------------- |
---------------- |
---------------- |
---------------- |
---------------- |
|
|
SHAREHOLDERS' FUNDS/EQUITY |
(188,076,000,000) |
(27,579,000,000) |
23,855,000,000 |
(11,979,895,000) |
(4,775,728,000) |
|
============= |
============= |
============= |
============= |
============= |
|
|
|
|
|
|
|
|
FINANCIAL RATIO
|
|
FLIPKART LIMITED |
|
TYPES OF FUNDS |
|||||
|
Cash |
35,787,000,000 |
41,038,000,000 |
52,467,000,000 |
16,189,813,000 |
2,620,028,000 |
|
Net Liquid Funds |
35,787,000,000 |
41,038,000,000 |
52,467,000,000 |
16,189,813,000 |
2,620,028,000 |
|
Net Liquid Assets |
23,339,000,000 |
78,251,000,000 |
86,820,000,000 |
13,300,915,000 |
4,903,143,000 |
|
Net Current Assets/(Liabilities) |
52,456,000,000 |
95,344,000,000 |
100,977,000,000 |
17,536,146,000 |
5,955,722,000 |
|
Net Tangible Assets |
(212,946,000,000) |
(49,948,000,000) |
2,198,000,000 |
(12,621,592,000) |
(5,009,242,000) |
|
Net Monetary Assets |
(256,270,000,000) |
(81,935,000,000) |
(18,366,000,000) |
(18,321,752,000) |
(7,157,462,000) |
|
PROFIT & LOSS ITEMS |
|||||
|
Earnings Before Interest & Tax (EBIT) |
(80,100,000,000) |
(46,768,000,000) |
(25,859,000,000) |
(9,167,624,000) |
(5,018,820,000) |
|
Earnings Before Interest, Taxes,
Depreciation And Amortization (EBITDA) |
(74,031,000,000) |
(42,033,000,000) |
(23,992,000,000) |
(8,606,170,000) |
(4,675,748,000) |
|
BALANCE SHEET ITEMS |
|||||
|
Total Borrowings |
154,485,000,000 |
152,827,000,000 |
103,513,000,000 |
20,862,366,000 |
8,455,729,000 |
|
Total Liabilities |
338,428,000,000 |
197,045,000,000 |
127,639,000,000 |
38,744,717,000 |
13,771,813,000 |
|
Total Assets |
150,352,000,000 |
169,466,000,000 |
151,494,000,000 |
26,764,822,000 |
8,996,085,000 |
|
Net Assets |
(188,076,000,000) |
(27,579,000,000) |
23,855,000,000 |
(11,979,895,000) |
(4,775,728,000) |
|
Net Assets Backing |
(188,076,000,000) |
(27,579,000,000) |
23,855,000,000 |
(11,979,895,000) |
(4,775,728,000) |
|
Shareholders' Funds |
(188,076,000,000) |
(27,579,000,000) |
23,855,000,000 |
(11,979,895,000) |
(4,775,728,000) |
|
Total Share Capital |
567,000,000 |
567,000,000 |
183,000,000 |
122,230,000 |
17,108,000 |
|
Total Reserves |
(189,165,000,000) |
(28,506,000,000) |
23,111,000,000 |
(12,102,125,000) |
(4,792,836,000) |
|
GROWTH RATIOS (Year on Year) (%) |
|||||
|
Revenue |
28.90 |
50.34 |
248.77 |
152.58 |
484.64 |
|
Proft/(Loss) Before Tax |
(62.69) |
(83.19) |
(190.07) |
(89.11) |
(321.57) |
|
Proft/(Loss) After Tax |
(67.91) |
(75.35) |
(189.53) |
(89.11) |
(321.57) |
|
Total Assets |
(11.28) |
11.86 |
466.02 |
197.52 |
87.84 |
|
Total Liabilities |
71.75 |
54.38 |
229.44 |
181.33 |
142.77 |
|
LIQUIDITY (Times) |
|||||
|
Cash Ratio |
0.61 |
1.11 |
2.34 |
2.27 |
1.53 |
|
Liquid Ratio |
1.40 |
3.12 |
4.87 |
2.87 |
3.87 |
|
Current Ratio |
1.89 |
3.59 |
5.50 |
3.46 |
4.48 |
|
WORKING CAPITAL CONTROL (Days) |
|||||
|
Stock Ratio |
54 |
41 |
50 |
53 |
33 |
|
Debtors Ratio |
24 |
10 |
14 |
15 |
15 |
|
Creditors Ratio |
66 |
37 |
58 |
68 |
14 |
|
SOLVENCY RATIOS (Times) |
|||||
|
Gearing Ratio |
(0.82) |
(5.54) |
4.34 |
(1.74) |
(1.77) |
|
Liabilities Ratio |
(1.80) |
(7.14) |
5.35 |
(3.23) |
(2.88) |
|
Times Interest Earned Ratio |
(9.05) |
(5.92) |
(6.49) |
(8.18) |
(11.90) |
|
Assets Backing Ratio |
(375.57) |
(88.09) |
12.01 |
(103.26) |
(292.80) |
|
PERFORMANCE RATIO (%) |
|||||
|
Operating Profit Margin |
(44.80) |
(35.49) |
(29.13) |
(35.02) |
(46.78) |
|
Net Profit Margin |
(44.17) |
(33.86) |
(29.07) |
(35.07) |
(55.38) |
|
Return On Net Assets |
42.59 |
169.58 |
(108.40) |
76.53 |
105.09 |
|
Return On Capital Employed |
(68.51) |
(30.11) |
(17.10) |
(45.20) |
(66.75) |
|
Return On Shareholders' Funds/Equity |
46.63 |
189.13 |
(124.85) |
86.00 |
134.86 |
|
Dividend Pay Out Ratio (Times) |
0 |
0 |
0 |
0 |
0 |
|
NOTES TO ACCOUNTS |
|||||
|
Contingent Liabilities |
0 |
0 |
0 |
0 |
0 |
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
INR 64.27 |
|
|
1 |
INR 89.72 |
|
Euro |
1 |
INR 79.52 |
|
SGD |
1 |
INR 48.66 |
Note :
Above are approximate rates obtained from sources believed to be correct
INFORMATION DETAILS
|
Analysis Done by
: |
NIS |
|
|
|
|
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)
This report is issued at
your request without any risk and responsibility on the part of MIRA INFORM
PRIVATE LIMITED (MIPL) or its officials.