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3decades

 

MIRA INFORM REPORT

 

 

Report No. :

486987

Report Date :

18.01.2018

 

IDENTIFICATION DETAILS

 

Name :

ANNPRASH PTE. LTD.

 

 

Registered Office :

111, North Bridge Road, 07-19, Peninsula Plaza, 179098

 

 

Country :

Singapore

 

 

Financials (as on) :

31.03.2017

 

 

Date of Incorporation :

16.11.2010

 

 

Com. Reg. No.:

201024397Z

 

 

Legal Form :

Exempt Private (Limited By Share)

 

 

Line of Business :

Subject is engaged in the trading of commodity products, such as cashew nuts.

 

 

No. of Employees :

5

 

 

RATING & COMMENTS

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

 

MIRA’s Rating :

B

 

Credit Rating

Explanation

Rating Comments

B

Medium Risk

Business dealings permissible on a regular monitoring basis

 

Status :

Moderate

 

 

Payment Behaviour :

Slow but Correct

 

 

Litigation :

Clear 

 

NOTES :

Any query related to this report can be made on e-mail : infodept@mirainform.com while quoting report number, name and date.

 

 

ECGC Country Risk Classification List

 

Country Name

Previous Rating

(30.06.2017)

Current Rating

(30.09.2017)

Singapore

A1

A1

 

Risk Category

ECGC Classification

Insignificant

 

A1

Low Risk

 

A2

Moderately Low Risk

 

B1

Moderate Risk

 

B2

Moderately High Risk

 

C1

High Risk

 

C2

Very High Risk

 

D

 

 

SINGAPORE - ECONOMIC OVERVIEW

 

Singapore has a highly developed and successful free-market economy. It enjoys a remarkably open and corruption-free environment, stable prices, and a per capita GDP higher than that of most developed countries. Unemployment is very low. The economy depends heavily on exports, particularly of consumer electronics, information technology products, medical and optical devices, pharmaceuticals, and on its vibrant transportation, business, and financial services sectors.

The economy contracted 0.6% in 2009 as a result of the global financial crisis, but has continued to grow since 2010. Growth in 2014-16 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.

:

201024397Z

COMPANY NAME

:

ANNPRASH PTE. LTD.

FORMER NAME

:

N/A

INCORPORATION DATE

:

16/11/2010

COMPANY STATUS

:

EXIST

LEGAL FORM

:

EXEMPT PRIVATE (LIMITED BY SHARE)

LISTED STATUS

:

NO

REGISTERED ADDRESS

:

111, NORTH BRIDGE ROAD, 07-19, PENINSULA PLAZA, 179098, SINGAPORE.

BUSINESS ADDRESS

:

111 NORTH BRIDGE ROAD, 07-19 PENINSULA PLAZA, 179098, SINGAPORE.

TEL.NO.

:

65-63380774

FAX.NO.

:

65-63380359

CONTACT PERSON

:

BIPIN KUMAR JHA ( DIRECTOR )

PRINCIPAL ACTIVITY

:

TRADING OF COMMODITY PRODUCTS, SUCH AS CASHEW NUTS

ISSUED AND PAID UP CAPITAL

:

900,000.00 ORDINARY SHARE, OF A VALUE OF SGD 900,000.00

SALES

:

USD 43,653,793 [2017]

NET WORTH

:

USD 1,164,853 [2017]

STAFF STRENGTH

:

5 [2018]

LITIGATION

:

CLEAR

FINANCIAL CONDITION

:

LIMITED

PAYMENT

:

SLOW BUT CORRECT

MANAGEMENT CAPABILITY

:

AVERAGE

COMMERCIAL RISK

:

MODERATE

CURRENCY EXPOSURE

:

MODERATE

GENERAL REPUTATION

:

SATISFACTORY

INDUSTRY OUTLOOK

:

AVERAGE GROWTH

 

 

HISTORY / BACKGROUND

 

The Subject is 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 commodity products, such as cashew nuts.

 

Share Capital History

Date

Issue & Paid Up Capital

09/01/2018

SGD 900,000.00

 

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


Current Shareholder(s) :

Name

Address

IC/PP/Loc No

Shareholding

(%)

BIPIN KUMAR JHA +

29, LEONIE HILL, 13-05, HORIZON TOWERS WEST, 23922, SINGAPORE.

S2723163B

450,000.00

50.00

PRITI SHARMA JHA +

29, LEONIE HILL, 13-05, HORIZON TOWERS WEST, 239228, SINGAPORE.

S2723164J

450,000.00

50.00

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

------

900,000.00

100.00

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

=====

+ Also Director

 

 

DIRECTORS


DIRECTOR 1

 

Name Of Subject

:

BIPIN KUMAR JHA

Address

:

29, LEONIE HILL, 13-05, HORIZON TOWERS WEST, 23922, SINGAPORE.

Other Address(es)

:

15 LEONIE HILL ROAD, 06-01 HORIZON TOWERS EAST, 239194, SINGAPORE.

IC / PP No

:

S2723163B

Nationality

:

INDIAN

Date of Appointment

:

16/11/2010



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

201024397Z

ANNPRASH PTE. LTD.

Director

16/11/2010

450,000.00

50.00

USD80,063.00

2017

-

09/01/2018

2

200413673H

MOTLEY RESOURCES PTE. LTD.

Director

01/06/2006

393,500.00

78.70

-

-

-

13/01/2012

 

DIRECTOR 2

 

Name Of Subject

:

PRITI SHARMA JHA

Address

:

29, LEONIE HILL, 13-05, HORIZON TOWERS WEST, 239228, SINGAPORE.

Other Address(es)

:

15 LEONIE HILL ROAD, 06-01 HORIZON TOWERS EAST, 239194, SINGAPORE.

IC / PP No

:

S2723164J

Nationality

:

INDIAN

Date of Appointment

:

16/11/2010



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

201024397Z

ANNPRASH PTE. LTD.

Director

16/11/2010

450,000.00

50.00

USD80,063.00

2017

-

09/01/2018

2

200413673H

MOTLEY RESOURCES PTE. LTD.

Director

22/10/2004

106,500.00

21.30

-

-

-

13/01/2012



MANAGEMENT

 

 

1)

Name of Subject

:

BIPIN KUMAR JHA

Position

:

DIRECTOR

 

AUDITOR

 

Auditor

:

DHA+ PAC

Auditor' Address

:

N/A

 

 

COMPANY SECRETARIES

 

1)

Company Secretary

:

KALYANASUNDRAM JAYANANDAM

IC / PP No

:

S2672167I

Address

:

8, KIM TIAN PLACE, 21-57, 163008, SINGAPORE.

 

 

BANKING


No Banker found in our databank.

 

ENCUMBRANCE (S)

 

Charge No

Creation Date

Charge Description

Chargee Name

Total Charge

Status

C201404612

11/05/2016

N/A

LH ASIAN TFF PTE. LTD.

-

Unsatisfied

C201604806

11/05/2016

N/A

DBS BANK LTD.

-

Unsatisfied

 

 

LITIGATION CHECK - SUBJECT COMPANY AS A DEFENDANT


* A check has been conducted in our databank againt 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



The Subject refused to provide any name of trade/service supplier and we are unable to conduct any trade enquiry. However, from financial historical data we conclude that :

OVERALL PAYMENT HABIT

Prompt 0-30 Days

[

]

Good 31-60 Days

[

]

Average 61-90 Days

[

X

]

Fair 91-120 Days

[

]

Poor >120 Days

[

]

 

 

CLIENTELE

 

Local

:

YES

Overseas

:

YES

Export Market

:

WORLDWIDE

Credit Term

:

AS AGREED

Payment Mode

:

CHEQUES
TELEGRAPHIC TRANSFER (TT)

 

 

OPERATIONS

 

Goods Traded

:

COMMODITY PRODUCTS, SUCH AS CASHEW NUTS

 

Total Number of Employees:

YEAR

2018

GROUP

N/A

COMPANY

5

 

Branch

:

NO

Other Information:


The Subject is principally engaged in the (as a / as an) trading of commodity products, such as cashew nuts.

The Subject is engaged in the trading, sourcing and marketing of various Agro commodities.

The Subject has been actively trading in agro-products viz, Raw Cashew-Nuts, Soya beans, Ginger, Turmeric, Shea nuts, Cassia, Sesame, Groundnuts and Rice.

The Subject sells the products according to its customers' orders.


CURRENT INVESTIGATION

 

Latest fresh investigations carried out on the Subject indicated that :

Telephone Number Provided By Client

:

N/A

Current Telephone Number

:

65-63380774

Match

:

N/A

Address Provided by Client

:

111 NORTH BRIDGE ROAD, #07-19 PENINSULAR PLAZA SINGAPORE 179098

Current Address

:

111 NORTH BRIDGE ROAD, 07-19 PENINSULA PLAZA, 179098, SINGAPORE.

Match

:

YES


We have contacted the SC's Accountant and its Company Secretary for the latest financial accounts. However they have rejected our request in view of the confidentiality of the documents.

 

Other Investigations


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

The Subject refused to disclose its bankers.


FINANCIAL ANALYSIS

 

 

Profitability

Turnover

:

Increased

[

18.49%

]

Profit/(Loss) Before Tax

:

Decreased

[

58.21%

]

Return on Shareholder Funds

:

Unfavourable

[

6.87%

]

Return on Net Assets

:

Acceptable

[

29.35%

]

The higher turnover could be attributed to the favourable market condition and the Subject could be gaining the market share progressively.The Subject's profit fell sharply because of the high operating costs incurred. The unfavourable return on shareholders' funds could indicate that the Subject was inefficient in utilising its assets to generate returns.

Working Capital Control

Debtor Ratio

:

Favourable

[

45 Days

]

Creditors Ratio

:

Favourable

[

19 Days

]

The favourable debtors' days could be due to the good credit control measures implemented by the Subject. 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

[

1.11 Times

]

Current Ratio

:

Unfavourable

[

1.11 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

[

1.18 Times

]

Gearing Ratio

:

Unfavourable

[

4.94 Times

]

The Subject's interest cover was low. If its profits fall or when interest rate rises, it  may not be able to meet all its interest payment. The Subject was highly geared, thus it had a high financial risk. The Subject was dependent on loans to finance its business needs. In times of economic downturn and / or high interest rate, the Subject will become less profitable and competitive than other firms in the same industry, which are lowly geared. This is because the Subject has to service the interest and to repay the loan, which will erode part of its profits. The profits will fluctuate depending on the Subject's turnover and the interest it needs to pay.

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. If there is a fall in the Subject's profit or any increase in interest rate, the Subject may not be able to generate sufficient cash-flow to service its interest. The Subject's gearing level was high and its going concern will be in doubt if there is no injection of additional shareholders' funds in times of economic downturn and / or high interest rates.

Overall financial condition of the Subject : LIMITED

 

 

 

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 2010, the Subject is an Exempt Private company, focusing on trading of commodity products, such as cashew nuts. 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. With an issued and paid up capital of SGD 900,000 contributed by individual shareholders, the Subject may face difficulties in its attempt to further expand its business in the future. Thus, the Subject should put more efforts on its business to gain higher market share while competing aggressively in the market.

 
Investigation revealed, the Subject has penetrated into both the local and overseas market. The Subject has positioned itself in the global market and is competing in the industry. Its stable clientele base will enable the Subject to further enhance its business in the near term. Being a small company, the Subject's business operation is supported by 5 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. The Subject has generated an unfavourable return on shareholders' funds indicating that the management was inefficient in utilising its funds to generate return. 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. The high gearing ratio clearly implied that the Subject was supported by more debt than equity. Thus, the Subject is exposed to high financial risk. Given a positive net worth standing at USD 1,164,853, the Subject should be able to maintain its business in the near terms.


The Subject's supplier are from both the local and overseas countries. This will eliminates the risk of dependency on deliveries from a number of key suppliers and insufficient quantities of its raw materials. Overall the Subject has a good control over its resources.

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


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

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



PROFIT AND LOSS ACCOUNT

 

 

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

ANNPRASH 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

2017-03-31

2016-03-31

Months

12

12

Consolidated Account

Company

Company

Audited Account

YES

YES

Unqualified Auditor's Report (Clean Opinion)

YES

YES

Financial Type

FULL

FULL

Currency

USD

USD

TURNOVER

43,653,793

36,840,616

Other Income

2,728

14,979

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

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

Total Turnover

43,656,521

36,855,595

Costs of Goods Sold

(40,705,434)

(33,817,535)

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

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

Gross Profit

2,951,087

3,038,060

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

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

PROFIT/(LOSS) FROM OPERATIONS

52,971

126,745

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

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

PROFIT/(LOSS) BEFORE TAXATION

52,971

126,745

Taxation

27,092

11,477

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

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

PROFIT/(LOSS) AFTER TAXATION

80,063

138,222

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

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

RETAINED PROFIT/(LOSS) BROUGHT FORWARD

As previously reported

392,711

254,489

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

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

As restated

392,711

254,489

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

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

PROFIT AVAILABLE FOR APPROPRIATIONS

472,774

392,711

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

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

RETAINED PROFIT/(LOSS) CARRIED FORWARD

472,774

392,711

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

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

INTEREST EXPENSE (as per notes to P&L)

Term loan / Borrowing

295,388

152,177

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

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

295,388

152,177

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

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

DEPRECIATION (as per notes to P&L)

-

629

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

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

Total Amortization And Depreciation

-

629

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

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

 

 

 

 

 

BALANCE SHEET

 

 

ANNPRASH PTE. LTD.

 

Trade debtors

5,331,191

2,501,441

Other debtors, deposits & prepayments

395,875

76,670

Short term deposits

74,380

-

Amount due from related companies

4,393,933

7,009,637

Amount due from director

1,253,913

1,191,303

Cash & bank balances

424,386

92,260

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

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

TOTAL CURRENT ASSETS

11,873,678

10,871,311

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

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

TOTAL ASSET

11,873,678

10,871,311

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

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

CURRENT LIABILITIES

Trade creditors

2,161,533

3,801,558

Other creditors & accruals

1,004,600

1,268,083

Bank overdraft

134,147

134,147

Short term borrowings/Term loans

43,256

65,384

Other borrowings

5,555,777

2,002,044

Amounts owing to related companies

1,781,485

2,425,452

Provision for taxation

5,879

23,799

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

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

TOTAL CURRENT LIABILITIES

10,686,677

9,720,467

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

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

NET CURRENT ASSETS/(LIABILITIES)

1,187,001

1,150,844

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

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

TOTAL NET ASSETS

1,187,001

1,150,844

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

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

SHARE CAPITAL

Ordinary share capital

692,079

692,079

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

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

TOTAL SHARE CAPITAL

692,079

692,079

Retained profit/(loss) carried forward

472,774

392,711

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

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

TOTAL RESERVES

472,774

392,711

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

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

SHAREHOLDERS' FUNDS/EQUITY

1,164,853

1,084,790

Long term loans

22,148

66,054

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

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

TOTAL LONG TERM LIABILITIES

22,148

66,054

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

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

1,187,001

1,150,844

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

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

 

 

 

 

 

FINANCIAL RATIO

 

 

ANNPRASH PTE. LTD.

 

TYPES OF FUNDS

Cash

498,766

92,260

Net Liquid Funds

364,619

(41,887)

Net Liquid Assets

1,187,001

1,150,844

Net Current Assets/(Liabilities)

1,187,001

1,150,844

Net Tangible Assets

1,187,001

1,150,844

Net Monetary Assets

1,164,853

1,084,790

PROFIT & LOSS ITEMS

Earnings Before Interest & Tax (EBIT)

0

0

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

348,359

279,551

BALANCE SHEET ITEMS

Total Borrowings

5,755,328

2,267,629

Total Liabilities

10,708,825

9,786,521

Total Assets

11,873,678

10,871,311

Net Assets

1,187,001

1,150,844

Net Assets Backing

1,164,853

1,084,790

Shareholders' Funds

1,164,853

1,084,790

Total Share Capital

692,079

692,079

Total Reserves

472,774

392,711

GROWTH RATIOS (Year on Year)

Revenue

18.49

-

Proft/(Loss) Before Tax

(58.21)

-

Proft/(Loss) After Tax

(42.08)

-

Total Assets

-

-

Total Liabilities

-

-

LIQUIDITY (Times)

Cash Ratio

0.05

0.01

Liquid Ratio

1.11

1.12

Current Ratio

1.11

1.12

WORKING CAPITAL CONTROL (Days)

Stock Ratio

0

0

Debtors Ratio

45

25

Creditors Ratio

19

41

SOLVENCY RATIOS (Times)

Gearing Ratio

4.94

2.09

Liabilities Ratio

9.19

9.02

Times Interest Earned Ratio

1.18

1.83

Assets Backing Ratio

1.72

1.66

PERFORMANCE RATIO (%)

Operating Profit Margin

0.12

0.34

Net Profit Margin

0.18

0.38

Return On Net Assets

29.35

24.24

Return On Capital Employed

26.37

21.71

Return On Shareholders' Funds/Equity

6.87

12.74

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 63.97

UK Pound

1

INR 88.12

Euro

1

INR 78.34

SGD

1

INR 48.22

 

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

 

 

INFORMATION DETAILS

 

Analysis Done by :

VIV

 

 

Report Prepared by :

DNS

 

 

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.