|
|
|
MIRA
INFORM REPORT
|
Report No. : |
491864 |
|
Report Date : |
22.02.2018 |
IDENTIFICATION DETAILS
|
Name : |
NIXFOL PTE. LTD. |
|
|
|
|
Registered Office : |
10, Ansor Road, 03- 05, International
Plaza, 079903 |
|
|
|
|
Country : |
Singapore |
|
|
|
|
Financials (as on) : |
30.06.2014 |
|
|
|
|
Date of Incorporation : |
05.04.2002 |
|
|
|
|
Com. Reg. No.: |
200202831D |
|
|
|
|
Legal Form : |
Exempt Private (Limited By Share) |
|
|
|
|
Line of Business : |
The subject is principally engaged in the
trading of engineering plastic resins. |
|
|
|
|
No. of Employees : |
6 [2018] |
RATING & COMMENTS
(Mira Inform has adopted New Rating mechanism w.e.f. 23rd
January 2017)
|
MIRA’s Rating : |
B |
|
Credit Rating |
Explanation |
Rating Comments |
|
B |
Medium Risk |
Business dealings permissible on a regular
monitoring basis |
|
Status : |
Moderate |
|
|
|
|
Payment Behaviour : |
Unknown |
|
|
|
|
Litigation : |
Clear |
NOTES :
Any query related to this report can be made
on e-mail : infodept@mirainform.com
while quoting report number, name and date.
ECGC Country Risk Classification List
|
Country Name |
Previous Rating (30.09.2017) |
Current Rating (31.12.2017) |
|
Singapore |
A1 |
A1 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low Risk |
A2 |
|
Moderately Low Risk |
B1 |
|
Moderate Risk |
B2 |
|
Moderately High Risk |
C1 |
|
High Risk |
C2 |
|
Very High Risk |
D |
SINGAPORE - ECONOMIC OVERVIEW
Singapore has a highly developed and successful free-market economy. It
enjoys a remarkably open and corruption-free environment, stable prices, and a
per capita GDP higher than that of most developed countries. Unemployment is
very low. The economy depends heavily on exports, particularly of consumer
electronics, information technology products, medical and optical devices,
pharmaceuticals, and on its vibrant transportation, business, and financial
services sectors.
The economy contracted 0.6% in 2009 as a result of the global financial
crisis, but has continued to grow since 2010. Growth in 2014-17 was slower than
during the previous decade, at under 3% annually, largely a result of soft
demand for exports amid a sluggish global economy and weak growth in
Singapore’s manufacturing sector.
The government is attempting to restructure Singapore’s economy by
weaning its dependence on foreign labor, addressing weak productivity growth,
and increasing Singaporean wages. Singapore has attracted major investments in
advanced manufacturing, pharmaceuticals, and medical technology production and
will continue efforts to strengthen its position as Southeast Asia's leading
financial and technology hub. Singapore is a member of the Regional Comprehensive
Economic Partnership negotiations with the nine other ASEAN members plus
Australia, China, India, Japan, South Korea, and New Zealand. In 2015,
Singapore formed, with the other ASEAN members, the ASEAN Economic Community.
|
Source
: CIA |
EXECUTIVE
SUMMARY
|
|
REGISTRATION NO. |
: |
200202831D |
|
COMPANY NAME |
: |
NIXFOL PTE. LTD. |
|
FORMER NAME |
: |
N/A |
|
INCORPORATION DATE |
: |
05/04/2002 |
|
COMPANY STATUS |
: |
EXIST |
|
LEGAL FORM |
: |
EXEMPT PRIVATE (LIMITED BY SHARE) |
|
LISTED STATUS |
: |
NO |
|
REGISTERED ADDRESS |
: |
10, ANSOR ROAD, 03- 05, INTERNATIONAL
PLAZA, 079903, SINGAPORE. |
|
BUSINESS ADDRESS |
: |
7500A, BEACH ROAD #11-307, THE PLAZA,
199591, SINGAPORE. |
|
TEL.NO. |
: |
65-62967400 |
|
FAX.NO. |
: |
65-62968850 |
|
WEB SITE |
: |
WWW.NIXFOL.COM |
|
CONTACT PERSON |
: |
TAN CHEE HONG ( MANAGING DIRECTOR ) |
|
PRINCIPAL ACTIVITY |
: |
TRADING OF ENGINEERING PLASTIC RESINS |
|
ISSUED AND PAID UP CAPITAL |
: |
100,000.00 ORDINARY SHARE, OF A VALUE OF
SGD 100,000.00 |
|
SALES |
: |
N/A |
|
NET WORTH |
: |
N/A |
|
STAFF STRENGTH |
: |
6 [2018] |
|
LITIGATION |
: |
CLEAR |
|
FINANCIAL CONDITION |
: |
N/A |
|
PAYMENT |
: |
UNKNOWN |
|
MANAGEMENT CAPABILITY |
: |
AVERAGE |
|
COMMERCIAL RISK |
: |
MODERATE |
|
CURRENCY EXPOSURE |
: |
MODERATE |
|
GENERAL REPUTATION |
: |
SATISFACTORY |
|
INDUSTRY OUTLOOK |
: |
AVERAGE GROWTH |
HISTORY /
BACKGROUND
|
The Subject is an exempt private company
whose shares are not held by any corporate body and has no more than 20
shareholders who are all natural persons. An exempt company is a type of
private limited company. A private limited company is a separate legal entity
from its shareholders. As a separate legal entity, the Subject is capable of
owning assets, entering into contracts, suing or be sued by other companies.
An exempt private company with an annual
turnover of ≤ SGD10 million, or total assets ≤ SGD10 million or
number of employees ≤ 50 (meet at least 2 criteria for immediate past two
financial years) are exempted from statutory auditing requirements. The Subject
is not required to have their accounts audited. However, the Subject will
prepare unaudited accounts for purposes of AGMs and filing with Registry Office
if it is unable to meet all its obligations as and when they fall due.
An exempt private company with an annual
turnover of more than SGD10 million, or total assets more than SGD10 million or
number of employees more than 50 (meet at least 2 criteria for immediate past
two financial years) are required to file the audited financial.
The subject is principally engaged in the (as
a / as an) trading of engineering plastic resins.
Share Capital History
|
Date |
Issue & Paid Up Capital |
|
13/02/2018 |
SGD 100,000.00 |
The major shareholder(s) of the Subject are
shown as follows :
Current Shareholder(s) :
|
Name |
Address |
IC/PP/Loc No |
Shareholding |
(%) |
|
PETER TAN CHEE HONG + |
370E, ALEXANDRA ROAD, 13-04, THE ANCHORAGE,
159958, SINGAPORE. |
S1666897D |
60,000.00 |
60.00 |
|
LOW CHEE KUONG + |
50, CHOA CHU KANG NORTH 6, 01-05, YEW MEI
GREEN, 689574, SINGAPORE. |
S7105465I |
40,000.00 |
40.00 |
|
--------------- |
------ |
|||
|
100,000.00 |
100.00 |
|||
|
============ |
===== |
+ Also Director
DIRECTORS
|
DIRECTOR 1
|
Name Of Subject |
: |
LOW CHEE KUONG |
|
Address |
: |
50, CHOA CHU KANG NORTH 6, 01-05, YEW MEI
GREEN, 689574, SINGAPORE. |
|
Other Address(es) |
: |
NO. 647 & 648, JALAN IDAMAN 3/9,
KAWASAN PERINDUSTRIAN DESA IDAMAN, 81400 SENAI, JOHOR, MALAYSIA. |
|
IC / PP No |
: |
S7105465I |
|
Nationality |
: |
SINGAPOREAN |
|
Date of Appointment |
: |
05/04/2002 |
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 |
200202831D |
NIXFOL PTE. LTD. |
Director |
05/04/2002 |
40,000.00 |
40.00 |
SGD101,894.00 |
2014 |
- |
13/02/2018 |
DIRECTOR 2
|
Name Of Subject |
: |
PETER TAN CHEE HONG |
|
Address |
: |
370E, ALEXANDRA ROAD, 13-04, THE ANCHORAGE,
159958, SINGAPORE. |
|
Other Address(es) |
: |
- NO.1, JALAN BUKIT 2, KAWASAN PERINDUSTRIAN
MIEL, SERI ALAM, 81750 MASAI, JOHOR, MALAYSIA. - NO. 18, JALAN SERI AMIRA 4, TAMAN AMIRA,
81200 JOHOR BAHRU, JOHOR, MALAYSIA. |
|
IC / PP No |
: |
S1666897D |
|
Nationality |
: |
SINGAPOREAN |
|
Date of Appointment |
: |
29/05/2003 |
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 |
200611662Z |
MODERN LINK PTE. LTD. |
Director |
11/08/2006 |
100,000.00 |
100.00 |
282.00 |
- |
- |
25/04/2014 |
|
2 |
200202831D |
NIXFOL PTE. LTD. |
Director |
29/05/2003 |
60,000.00 |
60.00 |
SGD101,894.00 |
2014 |
- |
13/02/2018 |
MANAGEMENT
|
|
1) |
Name of Subject |
: |
TAN CHEE HONG |
|
Position |
: |
MANAGING DIRECTOR |
|
AUDITOR
|
|
Auditor |
: |
KEN TAN & CO |
|
Auditor' Address |
: |
N/A |
COMPANY
SECRETARIES
|
|
1) |
Company Secretary |
: |
PE PECK LUAN,STELLA |
|
IC / PP No |
: |
S1742163H |
|
|
Address |
: |
17, WALMER DRIVE, SERANGOON GARDEN ESTATE,
555042, 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.
PAYMENT RECORD
|
|
||
|
SOURCES OF RAW MATERIALS: |
||
|
Local |
: |
YES |
|
Overseas |
: |
YES |
CLIENTELE
|
|
Local |
: |
YES |
|||
|
Domestic Markets |
: |
SINGAPORE |
|||
|
Overseas |
: |
YES |
|||
|
Export Market |
: |
NORTH AMERICA |
|||
|
Credit Term |
: |
AS AGREED |
|||
|
Payment Mode |
: |
CHEQUES |
|||
OPERATIONS
|
|
Goods Traded |
: |
ENGINEERING PLASTIC RESINS |
|
|
Total Number of Employees: |
|||||||||
|
YEAR |
2018 |
2013 |
|||||||
|
|
|||||||||
|
GROUP |
N/A |
N/A |
|||||||
|
COMPANY |
6 |
5 |
|||||||
|
Branch |
: |
NO |
Other Information:
The Subject is principally engaged in the (as a / as an) trading of engineering
plastic resins.
Some of the SC product are:
- plastic resins(application range from general purpose to specified
industries)
- plastics products
The SC offers offer a comprehensive range of engineering plastic resins for the
automotives, electrical, electronic & telecommunication, engineering,
household appliances and packaging industries.
CURRENT
INVESTIGATION
|
Latest fresh investigations carried out on
the Subject indicated that :
|
Telephone Number Provided By Client |
: |
N/A |
|
Current Telephone Number |
: |
65-62967400 |
|
Match |
: |
N/A |
|
Address Provided by Client |
: |
7500A BEACH ROAD, 11-307 THE PLAZ, 199591 |
|
Current Address |
: |
7500A, BEACH ROAD #11-307, THE PLAZA,
199591, SINGAPORE. |
|
Match |
: |
NO |
Other Investigations
We contacted one of the staff from the Subject and he provided some
information.
The address provided is incomplete.
The Subject refused to disclose its bankers.
FINANCIAL
ANALYSIS
|
|
An exempt
private company with an annual turnover of ≤ SGD10 million, or total
assets ≤ SGD10 million or number of employees ≤ 50 (meet at least
2 criteria for immediate past two financial years) are exempted from
statutory auditing requirements. The Subject is not required to have their
accounts audited. However, the Subject will prepare unaudited accounts for
purposes of AGMs and filing with Registry Office if it is unable to meet all
its obligations as and when they fall due. |
||||||
|
Overall financial condition of the Subject
: N/A |
||||||
|
|
||||||
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
|
|
|
PROFIT AND LOSS
ACCOUNT
|
|
THE FINANCIAL STATEMENTS WERE PREPARED IN
ACCORDANCE WITH SINGAPORE FINANCIAL REPORTING STANDARDS. |
|
NIXFOL PTE. LTD. |
Note : The Subject is an Exempt Private
Company and it is not required by law to file its financials for public view.
The below financials are the last financial that submitted by the Subject to
the Registrar before changed to Exempt Private Company.
|
Financial Year End |
2014-06-30 |
2013-06-30 |
|
Months |
12 |
12 |
|
Consolidated Account |
Company |
Company |
|
Audited Account |
YES |
YES |
|
Unqualified Auditor's Report (Clean
Opinion) |
YES |
YES |
|
Financial Type |
FULL |
FULL |
|
Currency |
SGD |
SGD |
|
TURNOVER |
6,424,855 |
6,195,196 |
|
Other Income |
79 |
8,748 |
|
---------------- |
---------------- |
|
|
Total Turnover |
6,424,934 |
6,203,944 |
|
---------------- |
---------------- |
|
|
PROFIT/(LOSS) FROM OPERATIONS |
106,559 |
51,098 |
|
---------------- |
---------------- |
|
|
PROFIT/(LOSS) BEFORE TAXATION |
106,559 |
51,098 |
|
Taxation |
(4,665) |
2,649 |
|
---------------- |
---------------- |
|
|
PROFIT/(LOSS) AFTER TAXATION |
101,894 |
53,747 |
|
---------------- |
---------------- |
|
|
RETAINED PROFIT/(LOSS) BROUGHT FORWARD |
||
|
As previously reported |
566,849 |
513,102 |
|
---------------- |
---------------- |
|
|
As restated |
566,849 |
513,102 |
|
---------------- |
---------------- |
|
|
PROFIT AVAILABLE FOR APPROPRIATIONS |
668,743 |
566,849 |
|
---------------- |
---------------- |
|
|
RETAINED PROFIT/(LOSS) CARRIED FORWARD |
668,743 |
566,849 |
|
============= |
============= |
|
|
INTEREST EXPENSE (as per notes to P&L) |
||
|
Term loan / Borrowing |
15,309 |
23,706 |
|
Trust receipts |
28,600 |
28,482 |
|
---------------- |
---------------- |
|
|
43,909 |
52,188 |
|
|
============= |
============= |
|
|
DEPRECIATION (as per notes to P&L) |
3,060 |
1,348 |
|
---------------- |
---------------- |
|
|
Total Amortization And Depreciation |
3,060 |
1,348 |
|
============= |
============= |
|
|
|
|
|
BALANCE SHEET
|
|
NIXFOL PTE. LTD. |
|
ASSETS EMPLOYED: |
||
|
FIXED ASSETS |
4,766 |
996 |
|
LONG TERM INVESTMENTS/OTHER ASSETS |
||
|
Subsidiary companies |
152,785 |
152,785 |
|
---------------- |
---------------- |
|
|
TOTAL LONG TERM INVESTMENTS/OTHER ASSETS |
152,785 |
152,785 |
|
---------------- |
---------------- |
|
|
TOTAL LONG TERM ASSETS |
157,551 |
153,781 |
|
CURRENT ASSETS |
||
|
Stocks |
847,069 |
525,153 |
|
Trade debtors |
1,087,509 |
1,278,712 |
|
Other debtors, deposits & prepayments |
29,498 |
94,239 |
|
Amount due from related companies |
313,081 |
188,708 |
|
Cash & bank balances |
314,749 |
324,868 |
|
Others |
- |
1,841 |
|
---------------- |
---------------- |
|
|
TOTAL CURRENT ASSETS |
2,591,906 |
2,413,521 |
|
---------------- |
---------------- |
|
|
TOTAL ASSET |
2,749,457 |
2,567,302 |
|
============= |
============= |
|
|
CURRENT LIABILITIES |
||
|
Trade creditors |
392,864 |
170,500 |
|
Other creditors & accruals |
72,013 |
27,454 |
|
Short term borrowings/Term loans |
78,058 |
78,058 |
|
Other borrowings |
629,532 |
767,158 |
|
Amounts owing to subsidiary companies |
- |
108,094 |
|
Amounts owing to related companies |
464,756 |
291,636 |
|
Amounts owing to director |
304,819 |
360,516 |
|
Provision for taxation |
4,385 |
- |
|
---------------- |
---------------- |
|
|
TOTAL CURRENT LIABILITIES |
1,946,427 |
1,803,416 |
|
---------------- |
---------------- |
|
|
NET CURRENT ASSETS/(LIABILITIES) |
645,479 |
610,105 |
|
---------------- |
---------------- |
|
|
LONG TERM LIABILITIES |
||
|
Long term loans |
34,287 |
97,037 |
|
---------------- |
---------------- |
|
|
TOTAL LONG TERM LIABILITIES |
34,287 |
97,037 |
|
---------------- |
---------------- |
|
|
TOTAL NET ASSETS |
768,743 |
666,849 |
|
============= |
============= |
|
|
FINANCED BY: |
||
|
SHARE CAPITAL |
||
|
Ordinary share capital |
100,000 |
100,000 |
|
---------------- |
---------------- |
|
|
TOTAL SHARE CAPITAL |
100,000 |
100,000 |
|
RESERVES |
||
|
Retained profit/(loss) carried forward |
668,743 |
566,849 |
|
---------------- |
---------------- |
|
|
TOTAL RESERVES |
668,743 |
566,849 |
|
---------------- |
---------------- |
|
|
SHAREHOLDERS' FUNDS/EQUITY |
768,743 |
666,849 |
|
============= |
============= |
|
|
|
|
|
FINANCIAL RATIO
|
|
NIXFOL PTE. LTD. |
|
TYPES OF FUNDS |
||
|
Cash |
314,749 |
324,868 |
|
Net Liquid Funds |
314,749 |
324,868 |
|
Net Liquid Assets |
(201,590) |
84,952 |
|
Net Current Assets/(Liabilities) |
645,479 |
610,105 |
|
Net Tangible Assets |
768,743 |
666,849 |
|
Net Monetary Assets |
(235,877) |
(12,085) |
|
PROFIT & LOSS ITEMS |
||
|
Earnings Before Interest & Tax (EBIT) |
150,468 |
103,286 |
|
Earnings Before Interest, Taxes,
Depreciation And Amortization (EBITDA) |
153,528 |
104,634 |
|
BALANCE SHEET ITEMS |
||
|
Total Borrowings |
741,877 |
942,253 |
|
Total Liabilities |
1,980,714 |
1,900,453 |
|
Total Assets |
2,749,457 |
2,567,302 |
|
Net Assets |
768,743 |
666,849 |
|
Net Assets Backing |
768,743 |
666,849 |
|
Shareholders' Funds |
768,743 |
666,849 |
|
Total Share Capital |
100,000 |
100,000 |
|
Total Reserves |
668,743 |
566,849 |
|
GROWTH RATIOS (Year on Year) (%) |
||
|
Revenue |
3.71 |
- |
|
Proft/(Loss) Before Tax |
108.54 |
- |
|
Proft/(Loss) After Tax |
89.58 |
- |
|
Total Assets |
7.10 |
- |
|
Total Liabilities |
4.22 |
- |
|
LIQUIDITY (Times) |
||
|
Cash Ratio |
0.16 |
0.18 |
|
Liquid Ratio |
0.90 |
1.05 |
|
Current Ratio |
1.33 |
1.34 |
|
WORKING CAPITAL CONTROL (Days) |
||
|
Stock Ratio |
48 |
31 |
|
Debtors Ratio |
62 |
75 |
|
Creditors Ratio |
22 |
10 |
|
SOLVENCY RATIOS (Times) |
||
|
Gearing Ratio |
0.97 |
1.41 |
|
Liabilities Ratio |
2.58 |
2.85 |
|
Times Interest Earned Ratio |
3.43 |
1.98 |
|
Assets Backing Ratio |
7.69 |
6.67 |
|
PERFORMANCE RATIO (%) |
||
|
Operating Profit Margin |
1.66 |
0.82 |
|
Net Profit Margin |
1.59 |
0.87 |
|
Return On Net Assets |
19.57 |
15.49 |
|
Return On Capital Employed |
18.74 |
13.52 |
|
Return On Shareholders' Funds/Equity |
13.25 |
8.06 |
|
Dividend Pay Out Ratio (Times) |
0 |
0 |
|
NOTES TO ACCOUNTS |
||
|
Contingent Liabilities |
0 |
0 |
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
INR 64.82 |
|
|
1 |
INR 90.65 |
|
Euro |
1 |
INR 79.94 |
|
SGD |
1 |
INR 49.14 |
Note :
Above are approximate rates obtained from sources believed to be correct
INFORMATION DETAILS
|
Analysis Done by
: |
PRA |
|
|
|
|
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.