|
|
|
MIRA INFORM REPORT
|
Report No. : |
493380 |
|
Report Date : |
24.02.2018 |
IDENTIFICATION DETAILS
|
Name : |
PREMARK
INTERNATIONAL PTE. LTD. |
|
|
|
|
Registered Office : |
100, Beach Road, 30-00, Shaw Towers, 189702 |
|
|
|
|
Country : |
Singapore |
|
|
|
|
Financials (as on) : |
31.03.2014 |
|
|
|
|
Date of Incorporation : |
29.06.2010 |
|
|
|
|
Com. Reg. No.: |
201013663G |
|
|
|
|
Legal Form : |
Exempt Private (Limited By Share) |
|
|
|
|
Line of Business : |
The subject is principally engaged in the
trading of timber products and logs. |
|
|
|
|
No. of Employees : |
5 [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. |
: |
201013663G |
||||
|
COMPANY NAME |
: |
PREMARK INTERNATIONAL PTE. LTD. |
||||
|
FORMER NAME |
: |
N/A |
||||
|
INCORPORATION DATE |
: |
29/06/2010 |
||||
|
COMPANY STATUS |
: |
EXIST |
||||
|
LEGAL FORM |
: |
EXEMPT PRIVATE (LIMITED BY SHARE) |
||||
|
LISTED STATUS |
: |
NO |
||||
|
REGISTERED ADDRESS |
: |
100, BEACH ROAD, 30-00, SHAW TOWERS,
189702, SINGAPORE. |
||||
|
BUSINESS ADDRESS |
: |
3, SHENTON WAY, 12-12, SHENTON HOUSE,
068805, SINGAPORE. |
||||
|
TEL.NO. |
: |
65-62242524 |
||||
|
FAX.NO. |
: |
65-62247724 |
||||
|
CONTACT PERSON |
: |
RAVI KUMAR JAIN ( DIRECTOR ) |
||||
|
PRINCIPAL ACTIVITY |
: |
TRADING OF TIMBER PRODUCTS AND LOGS |
||||
|
ISSUED AND PAID UP CAPITAL |
: |
2,100,000.00 ORDINARY SHARE, OF A VALUE OF
SGD 2,100,000.00 |
||||
|
SALES |
: |
N/A |
||||
|
NET WORTH |
: |
N/A |
||||
|
STAFF STRENGTH |
: |
5 [2018] |
||||
|
||||||
|
LITIGATION |
: |
CLEAR |
||||
|
FINANCIAL CONDITION |
: |
N/A |
||||
|
PAYMENT |
: |
UNKNOWN |
||||
|
MANAGEMENT CAPABILITY |
: |
AVERAGE |
||||
|
COMMERCIAL RISK |
: |
MODERATE |
||||
|
CURRENCY EXPOSURE |
: |
HIGH |
||||
|
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 timber products and logs.
Share Capital History
|
Date |
Issue & Paid Up Capital |
|
22/02/2018 |
SGD 2,100,000.00 |
The major shareholder(s) of the Subject are
shown as follows :
Current Shareholder(s) :
|
Name |
Address |
IC/PP/Loc No |
Shareholding |
(%) |
|
CHETAN KHANNA + |
HOUSE 1B, JALAN APOLLO, DESHON ROAD, 96000
SIBU, SARAWAK, MALAYSIA. |
Z2668000 |
1,400,000.00 |
66.67 |
|
KANCHKA SAYAL |
107, GREENS VIEW 3 BUILDING, T COM
BARSHA-DUBAI UAE, P. O. BOX 500832 ,UNITED ARAB EMIRATES |
M7394290 |
700,000.00 |
33.33 |
|
--------------- |
------ |
|||
|
2,100,000.00 |
100.00 |
|||
|
============ |
===== |
+ Also Director
DIRECTORS
|
DIRECTOR 1
|
Name Of Subject |
: |
RAVI KUMAR JAIN |
|
Address |
: |
PLOT-418, WARD-12/C, LILASHAH NAGAR, GANDHIDHAM,
KUTCH-370201, INDIA. |
|
IC / PP No |
: |
H9905131 |
|
Nationality |
: |
INDIAN |
|
Date of Appointment |
: |
29/06/2010 |
INTEREST CHECK
|
Interest in companies |
: |
see below |
|
Interest in business |
: |
none in our databank |
|
Former interest |
: |
none in our databank |
INTEREST IN COMPANY
|
No |
Local No |
Company |
Designation |
App Date |
Shareholding |
Profit/(loss) After Tax |
Financial Year |
Status |
As At |
|
|
No. |
% |
|||||||||
|
1 |
201013663G |
PREMARK INTERNATIONAL PTE. LTD. |
Director |
29/06/2010 |
0.00 |
- |
USD279,766.00 |
2014 |
- |
22/02/2018 |
DIRECTOR 2
|
Name Of Subject |
: |
AGRAWAL SOHAM GHANSHYAM |
|
Address |
: |
5, MARINE TERRACE, 02-264, MARINE TERRACE
WALK, 440005, SINGAPORE. |
|
IC / PP No |
: |
S7084664J |
|
Nationality |
: |
INDIAN |
|
Date of Appointment |
: |
29/06/2010 |
INTEREST CHECK
|
Interest in companies |
: |
see below |
|
Interest in business |
: |
none in our databank |
|
Former interest |
: |
none in our databank |
INTEREST IN COMPANY
|
No |
Local No |
Company |
Designation |
App Date |
Shareholding |
Profit/(loss) After Tax |
Financial Year |
Status |
As At |
|
|
No. |
% |
|||||||||
|
1 |
201409442R |
CONAN INVESTMENTS PTE. LTD. |
Director |
01/04/2014 |
0.00 |
- |
282.00 |
- |
- |
13/01/2017 |
|
2 |
201013663G |
PREMARK INTERNATIONAL PTE. LTD. |
Director |
29/06/2010 |
0.00 |
- |
USD279,766.00 |
2014 |
- |
22/02/2018 |
DIRECTOR 3
|
Name Of Subject |
: |
CHETAN KHANNA |
|
Address |
: |
HOUSE 1B, JALAN APOLLO, DESHON ROAD, 96000
SIBU, SARAWAK, MALAYSIA. |
|
IC / PP No |
: |
Z2668000 |
|
Date of Birth |
: |
14/12/1971 |
|
Nationality |
: |
INDIAN |
|
Date of Appointment |
: |
29/06/2010 |
INTEREST CHECK
|
Interest in companies |
: |
see below |
|
Interest in business |
: |
none in our databank |
|
Former interest |
: |
none in our databank |
INTEREST IN COMPANY
|
No |
Local No |
Company |
Designation |
App Date |
Shareholding |
Profit/(loss) After Tax |
Financial Year |
Status |
As At |
|
|
No. |
% |
|||||||||
|
1 |
201013663G |
PREMARK INTERNATIONAL PTE. LTD. |
Director |
29/06/2010 |
1,400,000.00 |
66.67 |
USD279,766.00 |
2014 |
- |
22/02/2018 |
|
2 |
639754M |
VIRGO WONDER SDN. BHD. |
Director |
30/03/2004 |
300,000.00 |
50.00 |
MYR(3,762.00) |
2008 |
- |
25/01/2018 |
MANAGEMENT
|
|
1) |
Name of Subject |
: |
RAVI KUMAR JAIN |
|
Position |
: |
DIRECTOR |
|
AUDITOR
|
|
Auditor |
: |
NEXIA TS PUBLIC ACCOUNTING CORPORATION |
|
Auditor' Address |
: |
N/A |
COMPANY SECRETARIES
|
|
1) |
Company Secretary |
: |
LIM HORNG LING |
|
IC / PP No |
: |
S6925973A |
|
|
Address |
: |
205, BALESTIER ROAD, 02-06, THE MEZZO,
329682, SINGAPORE. |
|
BANKING
|
Banking relations are maintained principally with :
|
1) |
Name |
: |
INDIAN BANK |
|
2) |
Name |
: |
CITIBANK N.A. |
ENCUMBRANCE (S)
|
|
Charge No |
Creation Date |
Charge Description |
Chargee Name |
Total Charge |
Status |
|
C201110759 |
26/08/2011 |
N/A |
INDIAN BANK |
- |
Unsatisfied |
|
C201211053 |
27/09/2012 |
N/A |
CITIBANK N.A. |
- |
Unsatisfied |
|
C201412293 |
05/11/2014 |
N/A |
CITIBANK N.A. |
- |
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 |
: |
NO |
|
||
|
Overseas |
: |
YES |
Percentage |
: |
100% |
CLIENTELE
|
|
Local |
: |
NO |
|
||
|
|||||
|
Overseas |
: |
YES |
Percentage |
: |
100% |
|
Export Market |
: |
INDIA |
|||
|
Credit Term |
: |
N/A |
|||
|
Payment Mode |
: |
CHEQUES |
|||
OPERATIONS
|
|
Goods Traded |
: |
TIMBER LOGS AND TIMBER PRODUCTS |
|
|
Total Number of Employees: |
|
||||||||
|
YEAR |
2018 |
2017 |
2015 |
2014 |
|||||
|
|
|||||||||
|
GROUP |
N/A |
N/A |
N/A |
N/A |
|||||
|
COMPANY |
5 |
5 |
5 |
5 |
|||||
|
Branch |
: |
NO |
Other Information:
The Subject is principally engaged in the (as a / as an) trading of timber
products and logs.
The Subject sells Teak Logs and other timber products.
CURRENT INVESTIGATION
|
Latest fresh investigations carried out on
the Subject indicated that :
|
Telephone Number Provided By Client |
: |
N/A |
|
Current Telephone Number |
: |
65-62242524 |
|
Match |
: |
N/A |
|
Address Provided by Client |
: |
3 SHENTON WAY 12-02 SHENTON HOUSE 068805
SINGAPORE |
|
Current Address |
: |
3, SHENTON WAY, 12-12, SHENTON HOUSE,
068805, SINGAPORE. |
|
Match |
: |
NO |
Other Investigations
We contacted one of the staff from the Subject and he only provided limited
information on the Subject.
The address is the Subject's former business address.
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. |
|
PREMARK INTERNATIONAL 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 |
2014-03-31 |
2013-03-31 |
2012-03-31 |
2011-03-31 |
|
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 |
SUMMARY |
|
Currency |
USD |
USD |
USD |
SGD |
|
TURNOVER |
46,232,429 |
28,405,676 |
16,540,296 |
14,368,584 |
|
---------------- |
---------------- |
---------------- |
---------------- |
|
|
Total Turnover |
46,232,429 |
28,405,676 |
16,540,296 |
14,368,584 |
|
Costs of Goods Sold |
(45,009,541) |
(27,395,986) |
(15,892,092) |
- |
|
---------------- |
---------------- |
---------------- |
---------------- |
|
|
Gross Profit |
1,222,888 |
1,009,690 |
648,204 |
- |
|
---------------- |
---------------- |
---------------- |
---------------- |
|
|
PROFIT/(LOSS) FROM OPERATIONS |
289,730 |
272,384 |
288,820 |
381,059 |
|
---------------- |
---------------- |
---------------- |
---------------- |
|
|
PROFIT/(LOSS) BEFORE TAXATION |
289,730 |
272,384 |
288,820 |
381,059 |
|
Taxation |
(9,964) |
(16,314) |
(43,541) |
(10,861) |
|
---------------- |
---------------- |
---------------- |
---------------- |
|
|
PROFIT/(LOSS) AFTER TAXATION |
279,766 |
256,070 |
245,279 |
370,198 |
|
---------------- |
---------------- |
---------------- |
---------------- |
|
|
RETAINED PROFIT/(LOSS) BROUGHT FORWARD |
||||
|
As previously reported |
793,880 |
537,810 |
292,531 |
(77,667) |
|
---------------- |
---------------- |
---------------- |
---------------- |
|
|
As restated |
793,880 |
537,810 |
292,531 |
(77,667) |
|
---------------- |
---------------- |
---------------- |
---------------- |
|
|
PROFIT AVAILABLE FOR APPROPRIATIONS |
1,073,646 |
793,880 |
537,810 |
292,531 |
|
---------------- |
---------------- |
---------------- |
---------------- |
|
|
RETAINED PROFIT/(LOSS) CARRIED FORWARD |
1,073,646 |
793,880 |
537,810 |
292,531 |
|
============= |
============= |
============= |
============= |
|
|
INTEREST EXPENSE (as per notes to P&L) |
||||
|
Others |
14,187 |
29,680 |
19,851 |
- |
|
---------------- |
---------------- |
---------------- |
---------------- |
|
|
14,187 |
29,680 |
19,851 |
- |
|
|
============= |
============= |
============= |
============= |
|
|
DEPRECIATION (as per notes to P&L) |
576 |
805 |
- |
- |
|
---------------- |
---------------- |
---------------- |
---------------- |
|
|
Total Amortization And Depreciation |
576 |
805 |
- |
- |
|
============= |
============= |
|||
|
|
|
|
|
|
BALANCE SHEET
|
|
PREMARK INTERNATIONAL PTE. LTD. |
|
ASSETS EMPLOYED: |
||||
|
FIXED ASSETS |
1,233 |
1,344 |
687 |
1,581 |
|
---------------- |
---------------- |
---------------- |
---------------- |
|
|
TOTAL LONG TERM ASSETS |
1,233 |
1,344 |
687 |
1,581 |
|
CURRENT ASSETS |
||||
|
Trade debtors |
7,181,687 |
4,338,024 |
3,283,934 |
- |
|
Other debtors, deposits & prepayments |
553,689 |
274,907 |
194,976 |
- |
|
Short term deposits |
1,419,976 |
1,408,387 |
1,305,110 |
- |
|
Interest receivable |
4,875 |
6,923 |
- |
- |
|
Cash & bank balances |
767,480 |
712,200 |
202,976 |
- |
|
---------------- |
---------------- |
---------------- |
---------------- |
|
|
TOTAL CURRENT ASSETS |
9,927,707 |
6,740,441 |
4,986,996 |
3,723,293 |
|
---------------- |
---------------- |
---------------- |
---------------- |
|
|
TOTAL ASSET |
9,928,940 |
6,741,785 |
4,987,683 |
3,724,874 |
|
============= |
============= |
============= |
============= |
|
|
CURRENT LIABILITIES |
||||
|
Trade creditors |
3,284,016 |
1,070,555 |
1,047,744 |
- |
|
Other creditors & accruals |
290,388 |
101,509 |
49,882 |
- |
|
Other borrowings |
524,782 |
758,538 |
1,212,236 |
- |
|
Amounts owing to director |
3,117,395 |
3,226,030 |
1,365,569 |
- |
|
Provision for taxation |
17,113 |
38,973 |
22,142 |
- |
|
---------------- |
---------------- |
---------------- |
---------------- |
|
|
TOTAL CURRENT LIABILITIES |
7,233,694 |
5,195,605 |
3,697,573 |
2,402,640 |
|
---------------- |
---------------- |
---------------- |
---------------- |
|
|
NET CURRENT ASSETS/(LIABILITIES) |
2,694,013 |
1,544,836 |
1,289,423 |
1,320,653 |
|
---------------- |
---------------- |
---------------- |
---------------- |
|
|
TOTAL LONG TERM LIABILITIES |
- |
- |
- |
0 |
|
---------------- |
---------------- |
---------------- |
---------------- |
|
|
TOTAL NET ASSETS |
2,695,246 |
1,546,180 |
1,290,110 |
1,322,234 |
|
============= |
============= |
============= |
============= |
|
|
FINANCED BY: |
||||
|
SHARE CAPITAL |
||||
|
Ordinary share capital |
1,621,600 |
752,300 |
752,300 |
2,100,000 |
|
---------------- |
---------------- |
---------------- |
---------------- |
|
|
TOTAL SHARE CAPITAL |
1,621,600 |
752,300 |
752,300 |
2,100,000 |
|
RESERVES |
||||
|
Retained profit/(loss) carried forward |
1,073,646 |
793,880 |
537,810 |
292,531 |
|
Others |
- |
- |
- |
(777,766) |
|
---------------- |
---------------- |
---------------- |
---------------- |
|
|
TOTAL RESERVES |
1,073,646 |
793,880 |
537,810 |
(777,766) |
|
---------------- |
---------------- |
---------------- |
---------------- |
|
|
SHAREHOLDERS' FUNDS/EQUITY |
2,695,246 |
1,546,180 |
1,290,110 |
1,322,234 |
|
============= |
============= |
============= |
============= |
|
|
|
|
|
|
|
FINANCIAL RATIO
|
|
PREMARK INTERNATIONAL PTE. LTD. |
|
TYPES OF FUNDS |
||||
|
Cash |
2,187,456 |
2,120,587 |
1,508,086 |
- |
|
Net Liquid Funds |
2,187,456 |
2,120,587 |
1,508,086 |
- |
|
Net Liquid Assets |
2,694,013 |
1,544,836 |
1,289,423 |
1,320,653 |
|
Net Current Assets/(Liabilities) |
2,694,013 |
1,544,836 |
1,289,423 |
1,320,653 |
|
Net Tangible Assets |
2,695,246 |
1,546,180 |
1,290,110 |
1,322,234 |
|
Net Monetary Assets |
2,694,013 |
1,544,836 |
1,289,423 |
1,320,653 |
|
PROFIT & LOSS ITEMS |
||||
|
Earnings Before Interest & Tax (EBIT) |
303,917 |
302,064 |
308,671 |
- |
|
Earnings Before Interest, Taxes, Depreciation
And Amortization (EBITDA) |
304,493 |
302,869 |
308,671 |
- |
|
BALANCE SHEET ITEMS |
||||
|
Total Borrowings |
524,782 |
758,538 |
1,212,236 |
- |
|
Total Liabilities |
7,233,694 |
5,195,605 |
3,697,573 |
2,402,640 |
|
Total Assets |
9,928,940 |
6,741,785 |
4,987,683 |
3,724,874 |
|
Net Assets |
2,695,246 |
1,546,180 |
1,290,110 |
1,322,234 |
|
Net Assets Backing |
2,695,246 |
1,546,180 |
1,290,110 |
1,322,234 |
|
Shareholders' Funds |
2,695,246 |
1,546,180 |
1,290,110 |
1,322,234 |
|
Total Share Capital |
1,621,600 |
752,300 |
752,300 |
2,100,000 |
|
Total Reserves |
1,073,646 |
793,880 |
537,810 |
(777,766) |
|
GROWTH RATIOS (Year on Year) (%) |
||||
|
Revenue |
62.76 |
71.74 |
15.11 |
- |
|
Proft/(Loss) Before Tax |
6.37 |
(5.69) |
(24.21) |
- |
|
Proft/(Loss) After Tax |
9.25 |
4.40 |
(33.74) |
- |
|
Total Assets |
47.27 |
35.17 |
33.90 |
- |
|
Total Liabilities |
39.23 |
40.51 |
53.90 |
- |
|
LIQUIDITY (Times) |
||||
|
Cash Ratio |
0.30 |
0.41 |
0.41 |
- |
|
Liquid Ratio |
1.37 |
1.30 |
1.35 |
- |
|
Current Ratio |
1.37 |
1.30 |
1.35 |
1.55 |
|
WORKING CAPITAL CONTROL (Days) |
||||
|
Stock Ratio |
0 |
0 |
0 |
- |
|
Debtors Ratio |
57 |
56 |
72 |
- |
|
Creditors Ratio |
27 |
14 |
24 |
- |
|
SOLVENCY RATIOS (Times) |
||||
|
Gearing Ratio |
0.19 |
0.49 |
0.94 |
- |
|
Liabilities Ratio |
2.68 |
3.36 |
2.87 |
1.82 |
|
Times Interest Earned Ratio |
21.42 |
10.18 |
15.55 |
- |
|
Assets Backing Ratio |
1.66 |
2.06 |
1.71 |
0.63 |
|
PERFORMANCE RATIO (%) |
||||
|
Operating Profit Margin |
0.63 |
0.96 |
1.75 |
2.65 |
|
Net Profit Margin |
0.61 |
0.90 |
1.48 |
2.58 |
|
Return On Net Assets |
11.28 |
19.54 |
23.93 |
28.82 |
|
Return On Capital Employed |
11.28 |
19.54 |
23.93 |
28.82 |
|
Return On Shareholders' Funds/Equity |
10.38 |
16.56 |
19.01 |
28.00 |
|
Dividend Pay Out Ratio (Times) |
0 |
0 |
0 |
- |
|
NOTES TO ACCOUNTS |
||||
|
Contingent Liabilities |
0 |
0 |
0 |
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
INR 64.82 |
|
|
1 |
INR 90.40 |
|
Euro |
1 |
INR 79.76 |
|
SGD |
1 |
INR 49.17 |
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.