|
|
|
MIRA INFORM REPORT
|
Report No. : |
515471 |
|
Report Date : |
22.06.2018 |
IDENTIFICATION DETAILS
|
Name : |
4'C DIAMONDS PTE
LTD |
|
|
|
|
Registered Office : |
17, Phillip Street, 05- 01, Grand Building,
048695 |
|
|
|
|
Country : |
Singapore |
|
|
|
|
Financials (as on) : |
31.12.2012 |
|
|
|
|
Date of Incorporation : |
25.10.1997 |
|
|
|
|
Com. Reg. No.: |
199707403N |
|
|
|
|
Legal Form : |
Exempt Private (Limited By Share) |
|
|
|
|
Line of Business : |
The Subject is principally engaged in the
(as a / as an) trading of diamonds. |
|
|
|
|
No. of Employees : |
Not Available |
RATING & COMMENTS
(Mira Inform has adopted New Rating mechanism w.e.f. 23rd
January 2017)
|
MIRA’s Rating : |
B |
|
Credit Rating |
Explanation |
Rating Comments |
|
B |
Medium Risk |
Business dealings permissible on a regular
monitoring basis |
|
Status : |
Moderate |
|
|
|
|
Payment Behaviour : |
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 (31.12.2017) |
Current Rating (01.04.2018) |
|
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 electronics,
petroleum products, chemicals, medical and optical devices, pharmaceuticals,
and on Singapore’s 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 from 2012-2017 was slower
than during the previous decade, a result of slowing structural growth - as
Singapore reached high-income levels - and soft global demand for exports.
Growth recovered to 3.6% in 2017 with a strengthening global economy.
The government is attempting to restructure Singapore’s economy to
reduce its dependence on foreign labor, raise productivity growth, and increase
wages amid slowing labor force growth and an aging population. 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 signatory of the Comprehensive and Progressive Agreement for Trans-Pacific
Partnership (CPTPP), and a party to the Regional Comprehensive Economic
Partnership (RCEP) negotiations with 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. |
: |
199707403N |
|
COMPANY NAME |
: |
4'C DIAMONDS PTE LTD |
|
FORMER NAME |
: |
N/A |
|
INCORPORATION DATE |
: |
25/10/1997 |
|
COMPANY STATUS |
: |
EXIST |
|
LEGAL FORM |
: |
EXEMPT PRIVATE (LIMITED BY SHARE) |
|
LISTED STATUS |
: |
NO |
|
REGISTERED ADDRESS |
: |
17, PHILLIP STREET, 05- 01, GRAND BUILDING,
048695, SINGAPORE. |
|
BUSINESS ADDRESS |
: |
17, PHILLIP STREET, 05-01, GRAND BUILDING,
048695, SINGAPORE. |
|
TEL.NO. |
: |
65-65333377 |
|
FAX.NO. |
: |
65-65333227 |
|
CONTACT PERSON |
: |
DOSHI SANDIPKUMAR NAVINCHANDRA ( DIRECTOR ) |
|
PRINCIPAL ACTIVITY |
: |
TRADING OF DIAMONDS |
|
ISSUED AND PAID UP CAPITAL |
: |
1,000,000.00 ORDINARY SHARE, OF A VALUE OF SGD
1,000,000.00 |
|
SALES |
: |
N/A |
|
NET WORTH |
: |
N/A |
|
BANKER (S) |
MALAYAN BANKING BHD |
|
|
STAFF STRENGTH |
: |
N/A |
|
LITIGATION |
: |
CLEAR |
|
FINANCIAL CONDITION |
: |
N/A |
|
PAYMENT |
: |
N/A |
|
MANAGEMENT CAPABILITY |
: |
AVERAGE |
|
COMMERCIAL RISK |
: |
N/A |
|
CURRENCY EXPOSURE |
: |
N/A |
|
GENERAL REPUTATION |
: |
SATISFACTORY |
|
INDUSTRY OUTLOOK |
: |
MARGINAL 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 diamonds.
Share Capital History
|
Date |
Issue & Paid Up Capital |
|
20/06/2018 |
SGD 1,000,000.00 |
The major shareholder(s) of the Subject are
shown as follows :
Current Shareholder(s) :
|
Name |
Address |
IC/PP/Loc No |
Shareholding |
(%) |
|
DOSHI SANDIPKUMAR NAVINCHANDRA + |
102, HAIG ROAD, 10-07, DUNMAN VIEW, 438798,
SINGAPORE. |
S2756416Z |
500,000.00 |
50.00 |
|
SHETH AMISHKUMAR RAMNIKLAL + |
FLAT A, 8/F, HANG WAN BUILDING, 42-44,
GRANVILLE ROAD, TSIMSHATSUI, KOWLOON, HONG KONG. |
Z3228210 |
500,000.00 |
50.00 |
|
--------------- |
------ |
|||
|
1,000,000.00 |
100.00 |
|||
|
============ |
===== |
+ Also Director
DIRECTORS
DIRECTOR 1
|
Name Of Subject |
: |
DOSHI SANDIPKUMAR NAVINCHANDRA |
|
Address |
: |
102, HAIG ROAD, 10-07, DUNMAN VIEW, 438798,
SINGAPORE. |
|
IC / PP No |
: |
S2756416Z |
|
Nationality |
: |
INDIAN |
|
Date of Appointment |
: |
01/12/2017 |
INTEREST CHECK
|
Interest in companies |
: |
see below |
|
Interest in business |
: |
none in our databank |
|
Former interest |
: |
none in our databank |
INTEREST IN COMPANY
|
No |
Local No |
Company |
Designation |
App Date |
Shareholding |
Profit/(loss) After Tax |
Financial Year |
Status |
As At |
|
|
No. |
% |
|||||||||
|
1 |
199707403N |
4'C DIAMONDS PTE LTD |
Director |
01/12/2017 |
500,000.00 |
50.00 |
SGD76,112.00 |
2012 |
- |
20/06/2018 |
DIRECTOR 2
|
Name Of Subject |
: |
SHETH AMISHKUMAR RAMNIKLAL |
|
Address |
: |
FLAT A, 8/F, HANG WAN BUILDING, 42-44,
GRANVILLE ROAD, TSIMSHATSUI, KOWLOON, HONG KONG. |
|
IC / PP No |
: |
Z3228210 |
|
Nationality |
: |
INDIAN |
|
Date of Appointment |
: |
03/04/1998 |
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 |
199707403N |
4'C DIAMONDS PTE LTD |
Director |
03/04/1998 |
500,000.00 |
50.00 |
SGD76,112.00 |
2012 |
- |
20/06/2018 |
MANAGEMENT
|
1) |
Name of Subject |
: |
DOSHI SANDIPKUMAR NAVINCHANDRA |
|
Position |
: |
DIRECTOR |
AUDITOR
No Auditor found in our databank
COMPANY SECRETARIES
|
1) |
Company Secretary |
: |
SHAH SWATI PARAG |
|
IC / PP No |
: |
S7780433A |
|
|
Address |
: |
5000E, MARINE PARADE ROAD, 22-17, LAGUNA
PARK, 449288, SINGAPORE. |
|
|
Date of Appointment |
: |
13/02/2007 |
|
BANKING
Banking relations are maintained principally with :
|
1) |
Name |
: |
MALAYAN BANKING BHD |
ENCUMBRANCE (S)
|
Charge No |
Creation Date |
Charge Description |
Chargee Name |
Total Charge |
Status |
|
C201202732 |
12/03/2012 |
N/A |
MALAYAN BANKING BERHAD |
- |
Unsatisfied |
CIVIL 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.
CLIENTELE
|
Local |
: |
N/A |
|
Overseas |
: |
N/A |
The staff from the registered office refused to disclose the Subject's
clientele.
OPERATIONS
|
Goods Traded |
: |
DIAMONDS |
|
Branch |
: |
NO |
Other Information:
The Subject is principally engaged in the (as a / as an) trading of
diamonds.
The staff from the registered office refused to disclose the Subject's
operation.
CURRENT INVESTIGATION
Latest fresh investigations carried out on
the Subject indicated that :
|
Telephone Number Provided By Client |
: |
N/A |
|
Current Telephone Number |
: |
65-65333377 |
|
Match |
: |
N/A |
|
Address Provided by Client |
: |
102 HAIG ROAD 10-07 DUNMAN VIEW 438798
SINGAPORE |
|
Current Address |
: |
17, PHILLIP STREET, 05-01, GRAND BUILDING,
048695, SINGAPORE. |
|
Match |
: |
NO |
Other Investigations
On 21st June 2018, we have contacted one of the staff from the Subject's registered
office and she only provided limited information.
She refused to verify the address provided.
She also refused to disclose the Subject's number of employees.
The contact number we found for the address provided at 65-67439030 is not
answered.
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 : |
2013 |
2014 |
2015 |
2016 |
2017* |
|
|
|||||
|
Population (Million) |
5.40 |
5.47 |
5.54 |
5.61 |
5.61 |
|
Gross Domestic Products ( % ) |
5.1 |
3.9 |
2.2 |
2.4 |
3.6 |
|
Consumer Price Index |
2.4 |
1.0 |
(0.5) |
(0.5) |
0.6 |
|
Total Imports (Million) |
466,762.0 |
463,779.1 |
407,767.9 |
398,372.0 |
403,300.0 |
|
Total Exports (Million) |
513,391.0 |
518,922.7 |
476,285.4 |
468,552.0 |
466,900.0 |
|
|
|||||
|
Unemployment Rate (%) |
1.9 |
1.9 |
1.9 |
2.1 |
- |
|
Tourist Arrival (Million) |
15.46 |
15.01 |
15.23 |
16.28 |
- |
|
Hotel Occupancy Rate (%) |
86.3 |
85.5 |
84.0 |
83.1 |
84.7 |
|
Cellular Phone Subscriber (Million) |
1.97 |
1.98 |
1.99 |
- |
- |
|
|
|||||
|
Registration of New Companies (No.) |
37,288 |
41,589 |
34,243 |
35,227 |
37,395 |
|
Registration of New Companies (%) |
9.8 |
11.5 |
(17.7) |
2.9 |
6.2 |
|
Liquidation of Companies (No.) |
17,369 |
18,767 |
21,384 |
23,218 |
22,379 |
|
Liquidation of Companies (%) |
(5.3) |
8.0 |
13.9 |
8.6 |
(3.6) |
|
|
|||||
|
Registration of New Businesses (No.) |
22,893 |
35,773 |
28,480 |
27,120 |
22,148 |
|
Registration of New Businesses (%) |
1.70 |
56.30 |
(20.39) |
(4.78) |
(18.33) |
|
Liquidation of Businesses (No.) |
22,598 |
22,098 |
26,116 |
35,866 |
24,344 |
|
Liquidation of Businesses (%) |
0.5 |
(2.2) |
18.2 |
37.3 |
(32.1) |
|
|
|||||
|
Bankruptcy Orders (No.) |
1,992 |
1,757 |
1,776 |
1,797 |
1,638 |
|
Bankruptcy Orders (%) |
14.0 |
(11.8) |
1.0 |
1.2 |
(8.9) |
|
Bankruptcy Discharges (No.) |
2,584 |
3,546 |
3,499 |
4,359 |
2,030 |
|
Bankruptcy Discharges (%) |
37.4 |
37.2 |
(1.3) |
24.6 |
(53.4) |
|
|
|||||
|
INDUSTRIES ( % of Growth ) : |
|||||
|
Agriculture |
|||||
|
Production of Principal Crops |
1.78 |
4.29 |
3.04 |
- |
- |
|
Fish Supply & Wholesale |
(3.8) |
(8.6) |
(8.5) |
(9.9) |
- |
|
|
|||||
|
Manufacturing # |
|||||
|
Food, Beverages & Tobacco |
97.9 |
99.4 |
100.0 |
103.7 |
110.3 |
|
Textiles |
119.5 |
102.7 |
100.0 |
92.4 |
84.4 |
|
Wearing Apparel |
334.1 |
212.6 |
100.0 |
83.4 |
88.2 |
|
Leather Products & Footwear |
122.0 |
106.5 |
100.0 |
88.8 |
79.0 |
|
Wood & Wood Products |
103.0 |
107.2 |
100.0 |
95.0 |
92.9 |
|
Paper & Paper Products |
104.4 |
104.5 |
100.0 |
97.3 |
96.1 |
|
Printing & Media |
113.8 |
105.968 |
100.0 |
85.1 |
73.1 |
|
Crude Oil Refineries |
100.7 |
92.2 |
100.0 |
104.2 |
113.5 |
|
Chemical & Chemical Products |
88.4 |
96.7 |
100.0 |
98.9 |
105.3 |
|
Pharmaceutical Products |
101.421 |
109.4 |
100.0 |
113.8 |
96.0 |
|
Rubber & Plastic Products |
109.497 |
109.2 |
100.0 |
91.4 |
93.7 |
|
Non-metallic Mineral |
107.4 |
90.759 |
100.0 |
89.8 |
72.9 |
|
Basic Metals |
77.2 |
99.3 |
100.0 |
106.2 |
108.3 |
|
Fabricated Metal Products |
107.5 |
107.757 |
100.0 |
93.8 |
91.3 |
|
Machinery & Equipment |
109.1 |
118.2 |
100.0 |
80.8 |
86.1 |
|
Electrical Machinery |
87.4 |
97.871 |
100.0 |
101.5 |
111.7 |
|
Electronic Components |
105.0 |
105.6 |
100.0 |
114.1 |
151.4 |
|
Transport Equipment |
111.1 |
106.68 |
100.0 |
101.0 |
99.5 |
|
|
|||||
|
Construction |
25.40 |
22.00 |
- |
- |
- |
|
Real Estate |
88.5 |
145.1 |
- |
- |
- |
|
|
|||||
|
Services |
|||||
|
Electricity, Gas & Water |
6.70 |
6.50 |
- |
- |
- |
|
Transport, Storage & Communication |
9.80 |
14.20 |
- |
- |
- |
|
Finance & Insurance |
3.30 |
6.00 |
- |
7.40 |
- |
|
Government Services |
6.50 |
6.30 |
- |
- |
- |
|
Education Services |
3.10 |
5.98 |
- |
2.40 |
- |
|
|
|||||
|
* Estimate / Preliminary |
|||||
|
# Based on Index of Industrial Production
(2015 = 100) |
INDUSTRY ANALYSIS
|
INDUSTRY : |
TRADING |
|
According to the Ministry of Trade and
Industry, the wholesale & retail trade sector expanded to 3.0% in the
fourth quarter of 2017, moderating from the 3.3% growth in the previous
quarter. The wholesale trade segment was boosted by an improvement in foreign
wholesale sales volume, which more than offset the weakness in domestic
wholesale sales volume. For the whole of 2017, the sector expanded by 2.3%,
faster than the 1.0% growth in 2016. The improvement in growth can be
attributed to the wholesale segment. |
|
|
The domestic wholesale sales volume fell by
1.1% in the fourth quarter 2017, reversing the 2.0% growth in the preceding
quarter. The poorer outturn was led by declines in the sales volume of
household equipment & furniture (-27%) and general wholesale merchandise
(-19%), which outweighed the increase in the sales volume of
telecommunications & computers (20%). For the whole of 2017, the domestic
wholesale trade index expanded by 1.0%, a turnaround from the 2.7% decline in
2016. |
|
|
On the other hand, foreign wholesale sales
volume rose to 6.2% in the fourth quarter 2017, a step-up from the 5.1%
growth in the preceding quarter. Growth was driven by expansions in the sales
of petroleum & petroleum-related products (11%t), telecommunications
& computers (19%) and electronic components (16%). However, growth was
partly offset by a 20% decline in the sales volume of metals, timber &
construction materials. For the full year 2017, the foreign wholesale trade index
rose by 3.6%, faster than the increase of 1.5% in the previous year. |
|
|
Besides, retail sales volume rose by 2.1%
in the fourth quarter 2017, improving from the 0.9% growth recorded in the third
quarter. Growth was supported by improvements in both motor vehicle and
non-motor vehicle sales volumes. While motor vehicle sales benefitted from an
on-year increase in COE supply, growth in non-motor vehicle sales came on the
back of an improvement in consumer sentiments. Notably, the sales volume of
discretionary goods such as recreational goods, computer &
telecommunication equipment and wearing apparel & footwear grew by 4.6%,
4.3 % and 3.1% respectively. |
|
|
For the full year 2017, retail sales volume
expanded by 1.3%, similar to the 1.5% growth recorded in 2016. Growth was
driven by both motor vehicle sales and non-motor vehicle sales, which the
former rising by 1.5% and the latter increasing by 1.3%. The rise in
non-motor vehicle sales was underpinned by higher sales of discretionary
goods. For instance, the sales volume of recreational goods (3.9%), watches
& jewellery (2.4%), computer & telecommunications equipment (1.7%)
and wearing apparel & footwear (1.5%) improved in 2017. |
|
|
OVERALL INDUSTRY OUTLOOK : MARGINAL GROWTH |
|
CREDIT RISK EVALUATION & RECOMMENDATION
|
Incorporated in
1997, the Subject is an Exempt Private company, focusing on trading of diamonds.
Having been in the industry for over a decade, the Subject has achieved a
certain market share and has built up a satisfactory reputation in the
market. A paid up capital of SGD 1,000,000 allows the Subject to expand its
business more comfortably. However, the Subject does not have strong
shareholders' backing. Without a strong shareholders' backing, the
opportunity of the Subject to expand its business is limited. |
Financials
PROFIT AND LOSS ACCOUNT
|
THE FINANCIAL STATEMENTS WERE PREPARED IN
ACCORDANCE WITH SINGAPORE FINANCIAL REPORTING STANDARDS. |
|
4'C DIAMONDS 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 |
2012-12-31 |
2011-12-31 |
2010-12-31 |
2009-12-31 |
|
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 |
SUMMARY |
SUMMARY |
|
Currency |
SGD |
SGD |
SGD |
SGD |
|
TURNOVER |
5,311,941 |
7,244,061 |
6,190,036 |
5,024,625 |
|
Other Income |
12,607 |
7,909 |
- |
- |
|
---------------- |
---------------- |
---------------- |
---------------- |
|
|
Total Turnover |
5,324,548 |
7,251,970 |
6,190,036 |
5,024,625 |
|
Costs of Goods Sold |
(4,922,014) |
(6,824,641) |
- |
- |
|
---------------- |
---------------- |
---------------- |
---------------- |
|
|
Gross Profit |
402,534 |
427,329 |
- |
- |
|
---------------- |
---------------- |
---------------- |
---------------- |
|
|
PROFIT/(LOSS) FROM OPERATIONS |
83,811 |
93,692 |
85,529 |
99,012 |
|
---------------- |
---------------- |
---------------- |
---------------- |
|
|
PROFIT/(LOSS) BEFORE TAXATION |
83,811 |
93,692 |
85,529 |
99,012 |
|
Taxation |
(7,699) |
(9,390) |
(7,527) |
(8,439) |
|
---------------- |
---------------- |
---------------- |
---------------- |
|
|
PROFIT/(LOSS) AFTER TAXATION |
76,112 |
84,302 |
78,002 |
90,573 |
|
---------------- |
---------------- |
---------------- |
---------------- |
|
|
PROFIT/(LOSS) BEFORE EXTRAORDINARY ITEMS |
76,112 |
84,302 |
78,002 |
90,573 |
|
---------------- |
---------------- |
---------------- |
---------------- |
|
|
PROFIT/(LOSS) ATTRIBUTABLE TO SHAREHOLDERS |
76,112 |
84,302 |
78,002 |
90,573 |
|
RETAINED PROFIT/(LOSS) BROUGHT FORWARD |
||||
|
As previously reported |
918,965 |
834,663 |
756,661 |
666,088 |
|
---------------- |
---------------- |
---------------- |
---------------- |
|
|
As restated |
918,965 |
834,663 |
756,661 |
666,088 |
|
---------------- |
---------------- |
---------------- |
---------------- |
|
|
PROFIT AVAILABLE FOR APPROPRIATIONS |
995,077 |
918,965 |
834,663 |
756,661 |
|
---------------- |
---------------- |
---------------- |
---------------- |
|
|
RETAINED PROFIT/(LOSS) CARRIED FORWARD |
995,077 |
918,965 |
834,663 |
756,661 |
|
============= |
============= |
============= |
============= |
|
|
INTEREST EXPENSE (as per notes to P&L) |
||||
|
Bank overdraft |
- |
5,847 |
- |
- |
|
Term loan / Borrowing |
10,480 |
25,394 |
- |
- |
|
---------------- |
---------------- |
---------------- |
---------------- |
|
|
10,480 |
31,241 |
- |
- |
|
|
============= |
============= |
============= |
============= |
|
BALANCE SHEET
|
4'C DIAMONDS PTE LTD |
|
ASSETS EMPLOYED: |
||||
|
FIXED ASSETS |
985,815 |
1,008,343 |
1,033,517 |
1,051,537 |
|
---------------- |
---------------- |
---------------- |
---------------- |
|
|
INTANGIBLE ASSETS |
||||
|
Others |
15,493 |
15,493 |
- |
- |
|
---------------- |
---------------- |
---------------- |
---------------- |
|
|
TOTAL INTANGIBLE ASSETS |
15,493 |
15,493 |
- |
- |
|
---------------- |
---------------- |
---------------- |
---------------- |
|
|
TOTAL LONG TERM ASSETS |
1,001,308 |
1,023,836 |
1,033,517 |
1,051,537 |
|
CURRENT ASSETS |
||||
|
Stocks |
1,166,109 |
1,218,502 |
- |
- |
|
Trade debtors |
2,527,614 |
3,156,776 |
- |
- |
|
Other debtors, deposits & prepayments |
3,580 |
4,932 |
- |
- |
|
Short term deposits |
- |
50,640 |
- |
- |
|
Amount due from related companies |
203,104 |
224,219 |
- |
- |
|
Cash & bank balances |
139,986 |
138,020 |
- |
- |
|
Others |
- |
29,511 |
- |
- |
|
---------------- |
---------------- |
---------------- |
---------------- |
|
|
TOTAL CURRENT ASSETS |
4,040,393 |
4,822,600 |
4,806,999 |
3,977,458 |
|
---------------- |
---------------- |
---------------- |
---------------- |
|
|
TOTAL ASSET |
5,041,701 |
5,846,436 |
5,840,516 |
5,028,995 |
|
============= |
============= |
============= |
============= |
|
|
CURRENT LIABILITIES |
||||
|
Trade creditors |
1,432,768 |
2,294,976 |
- |
- |
|
Other creditors & accruals |
61,574 |
4,912 |
- |
- |
|
Short term borrowings/Term loans |
19,082 |
17,901 |
- |
- |
|
Amounts owing to related companies |
479,051 |
495,748 |
- |
- |
|
Amounts owing to director |
430,893 |
469,094 |
- |
- |
|
Provision for taxation |
7,709 |
8,065 |
- |
- |
|
Other liabilities |
8,936 |
- |
- |
- |
|
---------------- |
---------------- |
---------------- |
---------------- |
|
|
TOTAL CURRENT LIABILITIES |
2,440,013 |
3,290,696 |
3,350,418 |
2,598,552 |
|
---------------- |
---------------- |
---------------- |
---------------- |
|
|
NET CURRENT ASSETS/(LIABILITIES) |
1,600,380 |
1,531,904 |
1,456,581 |
1,378,906 |
|
---------------- |
---------------- |
---------------- |
---------------- |
|
|
LONG TERM LIABILITIES |
||||
|
Long term loans |
606,611 |
636,775 |
- |
- |
|
---------------- |
---------------- |
---------------- |
---------------- |
|
|
TOTAL LONG TERM LIABILITIES |
606,611 |
636,775 |
655,435 |
673,782 |
|
---------------- |
---------------- |
---------------- |
---------------- |
|
|
TOTAL NET ASSETS |
1,995,077 |
1,918,965 |
1,834,663 |
1,756,661 |
|
============= |
============= |
============= |
============= |
|
|
FINANCED BY: |
||||
|
SHARE CAPITAL |
||||
|
Ordinary share capital |
1,000,000 |
1,000,000 |
1,000,000 |
1,000,000 |
|
---------------- |
---------------- |
---------------- |
---------------- |
|
|
TOTAL SHARE CAPITAL |
1,000,000 |
1,000,000 |
1,000,000 |
1,000,000 |
|
RESERVES |
||||
|
Retained profit/(loss) carried forward |
995,077 |
918,965 |
834,663 |
756,661 |
|
---------------- |
---------------- |
---------------- |
---------------- |
|
|
TOTAL RESERVES |
995,077 |
918,965 |
834,663 |
756,661 |
|
---------------- |
---------------- |
---------------- |
---------------- |
|
|
SHAREHOLDERS' FUNDS/EQUITY |
1,995,077 |
1,918,965 |
1,834,663 |
1,756,661 |
|
============= |
============= |
============= |
============= |
|
FINANCIAL RATIO
|
4'C DIAMONDS PTE LTD |
|
TYPES OF FUNDS |
||||
|
Cash |
139,986 |
188,660 |
- |
- |
|
Net Liquid Funds |
139,986 |
188,660 |
- |
- |
|
Net Liquid Assets |
434,271 |
313,402 |
1,456,581 |
1,378,906 |
|
Net Current Assets/(Liabilities) |
1,600,380 |
1,531,904 |
1,456,581 |
1,378,906 |
|
Net Tangible Assets |
1,979,584 |
1,903,472 |
1,834,663 |
1,756,661 |
|
Net Monetary Assets |
(172,340) |
(323,373) |
801,146 |
705,124 |
|
PROFIT & LOSS ITEMS |
||||
|
Earnings Before Interest & Tax (EBIT) |
94,291 |
124,933 |
- |
- |
|
Earnings Before Interest, Taxes,
Depreciation And Amortization (EBITDA) |
94,291 |
124,933 |
- |
- |
|
BALANCE SHEET ITEMS |
||||
|
Total Borrowings |
625,693 |
654,676 |
- |
- |
|
Total Liabilities |
3,046,624 |
3,927,471 |
4,005,853 |
3,272,334 |
|
Total Assets |
5,041,701 |
5,846,436 |
5,840,516 |
5,028,995 |
|
Net Assets |
1,995,077 |
1,918,965 |
1,834,663 |
1,756,661 |
|
Net Assets Backing |
1,995,077 |
1,918,965 |
1,834,663 |
1,756,661 |
|
Shareholders' Funds |
1,995,077 |
1,918,965 |
1,834,663 |
1,756,661 |
|
Total Share Capital |
1,000,000 |
1,000,000 |
1,000,000 |
1,000,000 |
|
Total Reserves |
995,077 |
918,965 |
834,663 |
756,661 |
|
GROWTH RATIOS (Year on Year) (%) |
||||
|
Revenue |
(26.67) |
17.03 |
23.19 |
- |
|
Proft/(Loss) Before Tax |
(10.55) |
9.54 |
(13.62) |
- |
|
Proft/(Loss) After Tax |
(9.72) |
8.08 |
(13.88) |
- |
|
Total Assets |
(13.76) |
0.10 |
16.14 |
- |
|
Total Liabilities |
(22.43) |
(1.96) |
22.42 |
- |
|
LIQUIDITY (Times) |
||||
|
Cash Ratio |
0.06 |
0.06 |
- |
- |
|
Liquid Ratio |
1.18 |
1.10 |
- |
- |
|
Current Ratio |
1.66 |
1.47 |
1.43 |
1.53 |
|
WORKING CAPITAL CONTROL (Days) |
||||
|
Stock Ratio |
80 |
61 |
- |
- |
|
Debtors Ratio |
174 |
159 |
- |
- |
|
Creditors Ratio |
106 |
123 |
- |
- |
|
SOLVENCY RATIOS (Times) |
||||
|
Gearing Ratio |
0.31 |
0.34 |
- |
- |
|
Liabilities Ratio |
1.53 |
2.05 |
2.18 |
1.86 |
|
Times Interest Earned Ratio |
9.00 |
4.00 |
- |
- |
|
Assets Backing Ratio |
1.98 |
1.90 |
1.83 |
1.76 |
|
PERFORMANCE RATIO (%) |
||||
|
Operating Profit Margin |
1.58 |
1.29 |
1.38 |
1.97 |
|
Net Profit Margin |
1.43 |
1.16 |
1.26 |
1.80 |
|
Return On Net Assets |
4.73 |
6.51 |
4.66 |
5.64 |
|
Return On Capital Employed |
3.60 |
4.86 |
3.43 |
4.07 |
|
Return On Shareholders' Funds/Equity |
3.81 |
4.39 |
4.25 |
5.16 |
|
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 68.20 |
|
|
1 |
INR 89.58 |
|
Euro |
1 |
INR 78.79 |
|
SGD |
1 |
INR 50.00 |
Note :
Above are approximate rates obtained from sources believed to be correct
INFORMATION DETAILS
|
Analysis Done by
: |
NIS |
|
|
|
|
Report Prepared
by : |
SDA |
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.