MIRA INFORM REPORT

 

 

Report No. :

493032

Report Date :

19.02.2018

 

 

 

IDENTIFICATION DETAILS

 

Name :

SHRI MADHAV GLOBAL PTE. LTD.

 

 

Formerly Known As :

SRG GLOBAL PTE. LTD

 

 

Registered Office :

143, Cecil Street, 03-01, Gb Building, Office Suite-309, 069542

 

 

Country :

Singapore

 

 

Financials (as on) :

30.06.2017

 

 

Date of Incorporation :

06.07.2011

 

 

Com. Reg. No.:

201116078Z

 

 

Legal Form :

Private Limited (Limited By Share)

 

 

Line of Business :

The Subject is engaged in the trading of timber products.

 

 

No. of Employees :

20 [2018]

 

 

RATING & COMMENTS

(Mira Inform has adopted New Rating mechanism w.e.f. 23rd January 2017)

 

MIRA’s Rating :

A

 

Credit Rating

Explanation

Rating Comments

A

Acceptable Risk

Business dealings permissible with moderate risk of default

 

Status :

Satisfactory

 

 

Payment Behaviour :

No Complaints

 

 

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.

:

201116078Z

COMPANY NAME

:

SHRI MADHAV GLOBAL PTE. LTD.

FORMER NAME

:

SRG GLOBAL PTE. LTD. (18/01/2012)

INCORPORATION DATE

:

06/07/2011

COMPANY STATUS

:

EXIST

LEGAL FORM

:

PRIVATE LIMITED (LIMITED BY SHARE)

LISTED STATUS

:

NO

REGISTERED ADDRESS

:

143, CECIL STREET, 03-01, GB BUILDING, 069542, SINGAPORE.

BUSINESS ADDRESS

:

143, CECIL STREET, 03-01, GB BUILDING, OFFICE SUITE-309, 069542, SINGAPORE.

TEL.NO.

:

65-62226224

FAX.NO.

:

65-62226223

CONTACT PERSON

:

SHASHWAT GARG ( DIRECTOR )

PRINCIPAL ACTIVITY

:

TRADING OF TIMBER PRODUCTS

ISSUED AND PAID UP CAPITAL

:

100.00 ORDINARY SHARE, OF A VALUE OF SGD 100.00
700,000.00 ORDINARY SHARE, OF A VALUE OF USD 700,000.00

SALES

:

USD 38,293,462 [2017]

NET WORTH

:

USD 4,145,999 [2017]

STAFF STRENGTH

:

20 [2018]

BANKER (S)

:

BANK OF INDIA

LITIGATION

:

CLEAR

FINANCIAL CONDITION

:

STRONG

PAYMENT

:

NO COMPLAINTS

MANAGEMENT CAPABILITY

:

AVERAGE

COMMERCIAL RISK

:

N/A

CURRENCY EXPOSURE

:

N/A

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 timber products.

 

Share Capital History

Date

Issue & Paid Up Capital

19/01/2018

SGD 100.00 & USD 700,000.00

 

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

 

Current Shareholder(s) :

Name

Address

IC/PP/Loc No

Shareholding

(%)

AKSHAT GARG +
[SGD-50.00]

33, OXFORD ROAD, 03-04, 218816, SINGAPORE.

G3063864L

50.00

0.01

SHASHWAT GARG +
[SGD-50.00]

33, OXFORD ROAD, 03-04, 218816, SINGAPORE.

G3352585R

50.00

0.01

SRG TRADEX (INDIA) LIMITED
[USD -700,000]

21/8, GROUND FLOOR, WEST PATEL NAGAR NEW DELHI, 110008, MALAYSIA.

T14UF5105

700,000.00

99.99

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

------

700,100.00

100.00

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

=====

+ Also Director

 

 

DIRECTORS


DIRECTOR 1

 

Name Of Subject

:

SANJAY KUMAR

Address

:

33, OXFORD ROAD, 03-04, 218816, SINGAPORE.

IC / PP No

:

G5470549U

Nationality

:

INDIAN

Date of Appointment

:

08/11/2013



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

201116078Z

SHRI MADHAV GLOBAL PTE. LTD.

Secretary Director

08/11/2013 08/11/2013

0.00

-

USD999,721.00

2017

-

19/01/2018

 

DIRECTOR 2

 

Name Of Subject

:

SHASHWAT GARG

Address

:

33, OXFORD ROAD, 03-04, 218816, SINGAPORE.

IC / PP No

:

G3352585R

Nationality

:

INDIAN

Date of Appointment

:

01/07/2012

Remark

:

SGD-50.00


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

201116078Z

SHRI MADHAV GLOBAL PTE. LTD.

Director

01/07/2012

50.00

0.007

USD999,721.00

2017

-

19/01/2018

 

DIRECTOR 3

 

Name Of Subject

:

AKSHAT GARG

Address

:

33, OXFORD ROAD, 03-04, 218816, SINGAPORE.

IC / PP No

:

G3063864L

Nationality

:

INDIAN

Date of Appointment

:

06/07/2011

Remark

:

SGD-50.00



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

201116078Z

SHRI MADHAV GLOBAL PTE. LTD.

Director

06/07/2011

50.00

0.007

USD999,721.00

2017

-

19/01/2018



MANAGEMENT

 

 

 

1)

Name of Subject

:

SHASHWAT GARG

Position

:

DIRECTOR

 

 

 

AUDITOR

 

Auditor

:

CREDO ASSURANCE LLP

Auditor' Address

:

N/A

 

 

 

COMPANY SECRETARIES

 

1)

Company Secretary

:

SANJAY KUMAR

IC / PP No

:

G5470549U

Address

:

33, OXFORD ROAD, 03-04, 218816, SINGAPORE.

 

 

 

BANKING


Banking relations are maintained principally with :

1)

Name

:

BANK OF INDIA

 

 

 

ENCUMBRANCE (S)

 

Charge No

Creation Date

Charge Description

Chargee Name

Total Charge

Status

C201605684

06/06/2016

N/A

BANK OF INDIA

-

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 staff from the registered office refused to disclose the Subject's suppliers.

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

:

N/A

Overseas

:

N/A


The staff from the registered office refused to disclose the Subject's clientele.

 

OPERATIONS

 

Goods Traded

:

TIMBER PRODUCTS

 

Total Number of Employees:

 

YEAR

2018

2016

2015

2014

GROUP

N/A

N/A

N/A

N/A

COMPANY

20

20

20

3

 

Branch

:

NO

Other Information:


The Subject is principally engaged in the (as a / as an) trading of timber products.

The Subject engaged in the trading of rough wood, teak timber and others.


CURRENT INVESTIGATION

 

Latest fresh investigations carried out on the Subject indicated that :

Telephone Number Provided By Client

:

N/A

Current Telephone Number

:

65-62226224

Match

:

N/A

Address Provided by Client

:

143 CECIL STREET, # 03-01 GB BUILDING OFFICE SUITE 309 069542

Current Address

:

143, CECIL STREET, 03-01, GB BUILDING, OFFICE SUITE-309, 069542, SINGAPORE.

Match

:

YES

 

Other Investigations

 

we contacted one of the staff from the Subject's registered office and she only provided limited information.

 

FINANCIAL ANALYSIS

 

Profitability

Turnover

:

Increased

[

2014 - 2017

]

Profit/(Loss) Before Tax

:

Decreased

[

2014 - 2017

]

Return on Shareholder Funds

:

Acceptable

[

24.11%

]

Return on Net Assets

:

Acceptable

[

28.83%

]

The Subject's turnover increased steadily as the demand for its products / services increased due to the goodwill built up over the years.The dip in profit could be due to the stiff market competition which reduced the Subject's profit margin. The Subject's management had generated acceptable return for its shareholders using its assets.

Working Capital Control

Debtor Ratio

:

Acceptable

[

60 Days

]

Creditors Ratio

:

Favourable

[

33 Days

]

The Subject's management was quite efficient in handling its debtors. The Subject's debtors days were at an acceptable range, thus the risk of its debts turning bad was minimised. The Subject had a favourable creditors' ratio where the Subject could be taking advantage of the cash discounts and also wanting to maintain goodwill with its creditors.

Liquidity

Liquid Ratio

:

Favourable

[

2.15 Times

]

Current Ratio

:

Favourable

[

2.15 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

:

Favourable

[

29.25 Times

]

Gearing Ratio

:

Favourable

[

0.00 Times

]

The interest cover showed that the Subject was able to service the interest. The favourable interest cover could indicate that the Subject was making enough profit to pay for the interest accrued. 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 :

Although the Subject's turnover had increased, its profits had declined over the same corresponding period. This could be due to the stiffer market competition and / or higher operating costs which lowered the Subject's profit margin. 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. With the favourable interest cover, the Subject could be able to service all the accrued interest without facing any difficulties. 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 : STRONG

 

 

 

 

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 2011, the Subject is a Private Limited company, focusing on trading of timber products. 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. Presently, the issued and paid up capital of the Subject stands at SGD 100 & USD 700,000. With a strong backing from its holding company, the Subject enjoys timely financial assistance should the needs arise.

Being a small company, the Subject's business operation is supported by 20 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.

Financially, the Subject registered a higher turnover compared to previous year. However, its profits showed a reverse trend. The lower profit achieved was a result of higher operating cost and increased competition. 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. The Subject is in good liquidity position with its current liabilities well covered by it current assets. Hence, it has sufficient working capital to meet its short term financial obligations. 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. Given a positive net worth standing at USD 4,145,999, the Subject should be able to maintain its business in the near terms.

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. Hence, the Subject is expected to benefit from the favourable outlook of the industry.

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

 

 

FINANCIALs

 

PROFIT AND LOSS ACCOUNT

 

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

SHRI MADHAV GLOBAL PTE. LTD.

 

Financial Year End

2017-06-30

2016-06-30

2015-06-30

2014-06-30

Months

12

12

12

12

Consolidated Account

Company

Company

Company

Company

Audited Account

YES

YES

YES

YES

Unqualified Auditor's Report (Clean Opinion)

YES

YES

YES

YES

Financial Type

FULL

FULL

FULL

FULL

Currency

USD

USD

USD

USD

TURNOVER

38,293,462

37,371,817

33,718,541

21,443,080

Other Income

6,047

13,989

3,620

3,768

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

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

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

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

Total Turnover

38,299,509

37,385,806

33,722,161

21,446,848

Costs of Goods Sold

(36,158,758)

(35,195,054)

(32,247,335)

(20,283,969)

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

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

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

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

Gross Profit

2,140,751

2,190,752

1,474,826

1,162,879

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

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

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

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

PROFIT/(LOSS) FROM OPERATIONS

1,154,348

1,319,990

790,672

699,138

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

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

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

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

PROFIT/(LOSS) BEFORE TAXATION

1,154,348

1,319,990

790,672

699,138

Taxation

(154,627)

(192,385)

(98,803)

(68,000)

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

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

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

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

PROFIT/(LOSS) AFTER TAXATION

999,721

1,127,605

691,869

631,138

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

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

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

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

RETAINED PROFIT/(LOSS) BROUGHT FORWARD

As previously reported

2,446,199

1,318,594

626,725

(4,413)

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

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

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

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

As restated

2,446,199

1,318,594

626,725

(4,413)

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

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

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

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

PROFIT AVAILABLE FOR APPROPRIATIONS

3,445,920

2,446,199

1,318,594

626,725

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

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

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

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

RETAINED PROFIT/(LOSS) CARRIED FORWARD

3,445,920

2,446,199

1,318,594

626,725

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

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

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

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

INTEREST EXPENSE (as per notes to P&L)

Others

40,865

24,823

-

-

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

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

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

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

40,865

24,823

-

-

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

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

-

-

 

BALANCE SHEET

 

SHRI MADHAV GLOBAL PTE. LTD.

 

Trade debtors

6,252,735

8,107,098

7,143,877

4,970,805

Other debtors, deposits & prepayments

119,548

191,742

5,833

16,308

Short term deposits

1,000,000

755,000

-

-

Cash & bank balances

388,236

101,185

2,759

1,005,089

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

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

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

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

TOTAL CURRENT ASSETS

7,760,519

9,155,025

7,152,469

5,992,202

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

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

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

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

TOTAL ASSET

7,760,519

9,155,025

7,152,469

5,992,202

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

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

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

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

CURRENT LIABILITIES

Trade creditors

3,268,793

5,695,363

4,318,905

4,424,301

Other creditors & accruals

186,053

120,999

691,260

873,097

Provision for taxation

159,674

192,385

123,631

68,000

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

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

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

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

TOTAL CURRENT LIABILITIES

3,614,520

6,008,747

5,133,796

5,365,398

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

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

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

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

NET CURRENT ASSETS/(LIABILITIES)

4,145,999

3,146,278

2,018,673

626,804

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

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

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

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

TOTAL NET ASSETS

4,145,999

3,146,278

2,018,673

626,804

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

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

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

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

SHARE CAPITAL

Ordinary share capital

700,079

700,079

700,079

79

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

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

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

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

TOTAL SHARE CAPITAL

700,079

700,079

700,079

79

Retained profit/(loss) carried forward

3,445,920

2,446,199

1,318,594

626,725

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

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

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

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

TOTAL RESERVES

3,445,920

2,446,199

1,318,594

626,725

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

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

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

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

SHAREHOLDERS' FUNDS/EQUITY

4,145,999

3,146,278

2,018,673

626,804

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

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

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

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

4,145,999

3,146,278

2,018,673

626,804

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

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

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

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

 

FINANCIAL RATIO

 

SHRI MADHAV GLOBAL PTE. LTD.

 

TYPES OF FUNDS

Cash

1,388,236

856,185

2,759

1,005,089

Net Liquid Funds

1,388,236

856,185

2,759

1,005,089

Net Liquid Assets

4,145,999

3,146,278

2,018,673

626,804

Net Current Assets/(Liabilities)

4,145,999

3,146,278

2,018,673

626,804

Net Tangible Assets

4,145,999

3,146,278

2,018,673

626,804

Net Monetary Assets

4,145,999

3,146,278

2,018,673

626,804

PROFIT & LOSS ITEMS

Earnings Before Interest & Tax (EBIT)

0

0

790,672

699,138

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

1,195,213

1,344,813

790,672

699,138

BALANCE SHEET ITEMS

Total Borrowings

0

0

0

0

Total Liabilities

3,614,520

6,008,747

5,133,796

5,365,398

Total Assets

7,760,519

9,155,025

7,152,469

5,992,202

Net Assets

4,145,999

3,146,278

2,018,673

626,804

Net Assets Backing

4,145,999

3,146,278

2,018,673

626,804

Shareholders' Funds

4,145,999

3,146,278

2,018,673

626,804

Total Share Capital

700,079

700,079

700,079

79

Total Reserves

3,445,920

2,446,199

1,318,594

626,725

GROWTH RATIOS (Year on Year) (%)

Revenue

2.47

10.83

57.25

-

Proft/(Loss) Before Tax

(12.55)

66.95

13.09

-

Proft/(Loss) After Tax

(11.34)

62.98

9.62

-

Total Assets

8.50

28.00

19.36

-

Total Liabilities

(29.59)

17.04

(4.32)

-

LIQUIDITY (Times)

Cash Ratio

0.38

0.14

0

0.19

Liquid Ratio

2.15

1.52

1.39

1.12

Current Ratio

2.15

1.52

1.39

1.12

WORKING CAPITAL CONTROL (Days)

Stock Ratio

0

0

0

0

Debtors Ratio

60

79

77

85

Creditors Ratio

33

59

49

80

SOLVENCY RATIOS (Times)

Gearing Ratio

0

0

0

0

Liabilities Ratio

0.87

1.91

2.54

8.56

Times Interest Earned Ratio

29.25

54.18

0

0

Assets Backing Ratio

5.92

4.49

2.88

7,934.23

PERFORMANCE RATIO (%)

Operating Profit Margin

3.01

3.53

2.34

3.26

Net Profit Margin

2.61

3.02

2.05

2.94

Return On Net Assets

28.83

42.74

39.17

111.54

Return On Capital Employed

28.83

42.74

39.17

111.54

Return On Shareholders' Funds/Equity

24.11

35.84

34.27

100.69

Dividend Pay Out Ratio (Times)

0

0

0

0

NOTES TO ACCOUNTS

Contingent Liabilities

0

0

0

0




 

 

 

FOREIGN EXCHANGE RATES

 

Currency
Unit

Indian Rupees

US Dollar

1

INR 63.91

UK Pound

1

INR 90.31

Euro

1

INR 80.17

SGD

1

INR 49.17

 

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

 

 

INFORMATION DETAILS

 

Analysis Done by :

DIV

 

 

Report Prepared by :

TRU

                                                


 

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.