|
|
|
MIRA INFORM REPORT
|
Report No. : |
493475 |
|
Report Date : |
01.03.2018 |
IDENTIFICATION DETAILS
|
Name : |
BILCARE SINGAPORE PTE. LIMITED |
|
|
|
|
Registered Office : |
52, Changi South
Street 1, King Wai Industrial Building, 486161 |
|
|
|
|
Country : |
Singapore |
|
|
|
|
Financials (as on) : |
31.03.2012 |
|
|
|
|
Date of Incorporation : |
12.11.2002 |
|
|
|
|
Com. Reg. No.: |
200209840Z |
|
|
|
|
Legal Form : |
Private Limited
(Limited By Share) |
|
|
|
|
Line of Business : |
Dormant
company |
|
|
|
|
No. of Employees : |
Not available |
RATING & COMMENTS
(Mira Inform has adopted New Rating mechanism w.e.f. 23rd
January 2017)
|
MIRA’s Rating : |
D |
|
Credit Rating |
Explanation |
Rating Comments |
|
D |
High Risk |
Business dealing not recommended or on
secured terms only |
|
Status : |
Dormant company |
|
|
|
|
Payment Behaviour : |
-- |
|
|
|
|
Litigation : |
Exist |
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. |
: |
200209840Z |
||||
|
COMPANY
NAME |
: |
BILCARE
SINGAPORE PTE. LIMITED |
||||
|
FORMER
NAME |
: |
BILCARE
SINGAOPRE PTE. LIMITED (22/08/2003) |
||||
|
INCORPORATION
DATE |
: |
12/11/2002 |
||||
|
COMPANY
STATUS |
: |
WINDING
UP |
||||
|
LEGAL
FORM |
: |
PRIVATE
LIMITED (LIMITED BY SHARE) |
||||
|
LISTED
STATUS |
: |
NO |
||||
|
REGISTERED
ADDRESS |
: |
52,
CHANGI SOUTH STREET 1, KING WAI INDUSTRIAL BUILDING, 486161, SINGAPORE. |
||||
|
BUSINESS
ADDRESS |
: |
N/A |
||||
|
TEL.NO. |
: |
N/A |
||||
|
FAX.NO. |
: |
N/A |
||||
|
CONTACT
PERSON |
: |
N/A |
||||
|
PRINCIPAL
ACTIVITY |
: |
DORMANT |
||||
|
ISSUED
AND PAID UP CAPITAL |
: |
173,350,000.00
ORDINARY SHARE, OF A VALUE OF SGD 173,350,000.00 |
||||
|
SALES |
: |
N/A |
||||
|
NET
WORTH |
: |
N/A |
||||
|
STAFF
STRENGTH |
: |
n/a
[2018] |
||||
|
||||||
|
LITIGATION |
: |
TRACED |
||||
|
FINANCIAL
CONDITION |
: |
N/A |
||||
|
PAYMENT |
: |
-- |
||||
|
MANAGEMENT
CAPABILITY |
: |
N/A |
||||
|
COMMERCIAL
RISK |
: |
N/A |
||||
|
CURRENCY
EXPOSURE |
: |
N/A |
||||
|
GENERAL
REPUTATION |
: |
N/A |
||||
|
INDUSTRY
OUTLOOK |
: |
NOT YET
DETERMINED |
||||
HISTORY / BACKGROUND
|
The Subject is a private limited company and is allowed
to have a minimum of one and a maximum of forty-nine shareholders. As a private
limited company, the Subject must have at least two directors. A private
limited company is a separate legal entity from its shareholders. As a separate
legal entity, the Subject is capable of owning assets, entering into contracts,
sue or be sued by other companies. The liabilities of the shareholders are to
the extent of the equity they have taken up and the creditors cannot claim on
shareholders' personal assets even if the Subject is insolvent. The Subject is
governed by the Companies Act and the company must file its annual returns,
together with its financial statements with the Registrar of Companies.
The Subject is principally engaged in the (as a /
as an) dormant.
The
immediate holding company of the Subject is BILCARE PACKAGING LIMITED, a
company incorporated in MAURITIUS.
Former Address(es)
|
Address |
As At
Date |
|
52,
CHANGI SOUTH STREET 1, 486161 |
N/A |
Share Capital History
|
Date |
Issue
& Paid Up Capital |
|
22/02/2018 |
SGD
173,350,000.00 |
The major
shareholder(s) of the Subject are shown as follows :
Current
Shareholder(s) :
|
Name |
Address |
IC/PP/Loc
No |
Shareholding |
(%) |
|
BILCARE
PACKAGING LIMITED |
LES CASCADES
BUILDING, EDITH CAVELL STREET, PORT LOUIS MAURITIUS |
T15UF3400 |
173,350,000.00 |
100.00 |
|
--------------- |
------ |
|||
|
173,350,000.00 |
100.00 |
|||
|
============ |
===== |
+ Also
Director
The Subject's
interest in other companies (Subsidiaries/Associates) are shown as follow :
Local
No |
Country |
Company |
Status |
(%) |
As At |
|
200416616N |
SINGAPORE |
BILCARE
TECHNOLOGIES SINGAPORE PTE. LTD. |
- |
87.70 |
20/04/2015 |
DIRECTORS
|
DIRECTOR 1
|
Name Of
Subject |
: |
MOHAN
HARAKCHAND BHANDARI |
|
Address |
: |
FLAT
604, MANTRI LOUNGE, ANAND PARK, PUNE, 411 007, INDIA. |
|
IC / PP
No |
: |
Z1576076 |
|
Nationality |
: |
INDIAN |
|
Date of
Appointment |
: |
23/07/2003 |
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 |
200209840Z |
BILCARE
SINGAPORE PTE. LIMITED |
Director |
23/07/2003 |
0.00 |
- |
SGD21,659,290.00 |
2012 |
Winding-Up (02/10/2015) |
22/02/2018 |
|
2 |
200416616N |
BILCARE
TECHNOLOGIES SINGAPORE PTE. LTD. |
Director |
18/02/2008 |
0.00 |
- |
SGD(5,146,264.00) |
2012 |
- |
22/02/2018 |
DIRECTOR 2
|
Name Of
Subject |
: |
RAHUL
GOPIKISAN BHARADIA |
|
Address |
: |
WILLOWS
F-701/801, NEXT TO COMFORT ZONE, BALEWADI, PUNE, 411045, SINGAPORE. |
|
IC / PP
No |
: |
Z2078128 |
|
Nationality |
: |
INDIAN |
|
Date of
Appointment |
: |
01/08/2008 |
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 |
200209840Z |
BILCARE
SINGAPORE PTE. LIMITED |
Director |
01/08/2008 |
0.00 |
- |
SGD21,659,290.00 |
2012 |
Winding-Up (02/10/2015) |
22/02/2018 |
|
2 |
200416616N |
BILCARE
TECHNOLOGIES SINGAPORE PTE. LTD. |
Director |
18/02/2008 |
0.00 |
- |
SGD(5,146,264.00) |
2012 |
- |
22/02/2018 |
MANAGEMENT
|
No data found in our databank.
AUDITOR
|
|
Auditor |
: |
SINGAPORE
ASSURANCE PAC |
|
Auditor'
Address |
: |
N/A |
COMPANY SECRETARIES
|
|
1) |
Company
Secretary |
: |
STEPHEN
LEONG |
|
IC / PP
No |
: |
S1023724F |
|
|
Address |
: |
1, HOLT
ROAD, 07-08, THE HORIZON, 249441, SINGAPORE. |
|
BANKING
|
Banking relations are maintained principally with :
|
1) |
Name |
: |
AXIS
BANK LIMITED SINGAPORE BRANCH |
|
2) |
Name |
: |
DBS
BANK LTD |
|
3) |
Name |
: |
INDIAN
BANK |
|
4) |
Name |
: |
UCO BANK |
|
5) |
Name |
: |
UNITED
OVERSEAS BANK LIMITED |
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. |
||
|
WINDING UP PETITION / ORDER LIQUIDATION |
|
Status |
: |
WOUND-UP |
|
||
|
Name |
: |
BILCARE
SINGAPORE PTE. LIMITED(200209840) |
|
||
|
|||||
|
Place |
: |
SINGAPORE |
|
||
|
Case No |
: |
186 |
Year |
: |
2015 |
|
Petitioner |
: |
SESHADRI
RAJAGOPALAN,EE MENG YEN ANGELA |
|||
|
Petitioner's
Sol |
: |
MOHAN
GOPALAN |
|||
|
Petitioner
Date |
: |
30/08/2015 |
|||
|
Wound-up
Date |
: |
02/10/2015 |
|||
|
Liquidator |
: |
EE MENG
YEN ANGELA |
|||
|
Liquidator
IC/PP No |
: |
S6930823F |
|||
|
Liquidator
Address |
: |
1,
RAFFLES QUAY, 18-01, 048583, SINGAPORE |
|||
|
Liquidator |
: |
AARON
LOH CHENG LEE |
|||
|
Liquidator
IC/PP No |
: |
S6984506A |
|||
PAYMENT RECORD
|
|
||
|
SOURCES
OF RAW MATERIALS: |
||
|
Local |
: |
N/A |
|
Overseas |
: |
N/A |
CLIENTELE
|
|
Local |
: |
N/A |
|||
|
Overseas |
: |
N/A |
|||
|
Credit
Term |
: |
N/A |
|||
OPERATIONS
|
|
Total
Number of Employees: |
|
||||||||
|
YEAR |
2018 |
2014 |
2013 |
||||||
|
|
|||||||||
|
N/A |
N/A |
||||||||
|
COMPANY |
n/a |
0 |
100 |
||||||
|
Branch |
: |
NO |
Other
Information:
The Subject is principally engaged in the (as a / as an) dormant.
CURRENT INVESTIGATION
|
Latest fresh
investigations carried out on the Subject indicated that :
|
Telephone
Number Provided By Client |
: |
N/A |
|
Current
Telephone Number |
: |
N/A |
|
Match |
: |
N/A |
|
Address
Provided by Client |
: |
52
CHANGI SOUTH STREET 1, SINGAPORE 486161 |
|
Current
Address |
: |
N/A |
|
Match |
: |
N/A |
Other
Investigations
We were unable to contact the Subject and its Directors.
Based on the registry the Subject had already wound up on 02/10/2015.
The address provided belongs to BILCARE RESEARCH SINGAPORE PTE LTD.
FINANCIAL ANALYSIS
|
|
The
Subject is a dormant company. Thus it is not appropriate for us to comment on
the Subject's financial performance. |
||||||
|
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
: |
DORMANT |
|
The Subject
is a dormant company and it is not active in its business operation. |
|
|
OVERALL
INDUSTRY OUTLOOK : NOT YET DETERMINED |
|
CREDIT RISK EVALUATION &
RECOMMENDATION
|
|
|
PROFIT AND LOSS ACCOUNT
|
|
THE
FINANCIAL STATEMENTS WERE PREPARED IN ACCORDANCE WITH SINGAPORE FINANCIAL REPORTING
STANDARDS. |
|
BILCARE
SINGAPORE PTE. LIMITED |
|
Financial
Year End |
2012-03-31 |
2011-03-31 |
2010-03-31 |
2009-03-31 |
|
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 |
SGD |
SGD |
SGD |
SGD |
|
TURNOVER |
116,277,416 |
78,234,773 |
68,496,659 |
58,467,694 |
|
Other
Income |
1,472,219 |
3,041,735 |
- |
- |
|
---------------- |
---------------- |
---------------- |
---------------- |
|
|
Total
Turnover |
117,749,635 |
81,276,508 |
68,496,659 |
58,467,694 |
|
Costs
of Goods Sold |
(71,997,440) |
(45,500,863) |
(46,057,554) |
- |
|
---------------- |
---------------- |
---------------- |
---------------- |
|
|
Gross
Profit |
45,752,195 |
35,775,645 |
22,439,105 |
- |
|
---------------- |
---------------- |
---------------- |
---------------- |
|
|
PROFIT/(LOSS)
FROM OPERATIONS |
21,659,290 |
13,783,456 |
9,318,207 |
6,396,660 |
|
---------------- |
---------------- |
---------------- |
---------------- |
|
|
PROFIT/(LOSS)
BEFORE TAXATION |
21,659,290 |
13,783,456 |
9,318,207 |
6,396,660 |
|
---------------- |
---------------- |
---------------- |
---------------- |
|
|
PROFIT/(LOSS)
AFTER TAXATION |
21,659,290 |
13,783,456 |
9,318,207 |
6,396,660 |
|
---------------- |
---------------- |
---------------- |
---------------- |
|
|
PROFIT/(LOSS)
BEFORE EXTRAORDINARY ITEMS |
21,659,290 |
13,783,456 |
9,318,207 |
6,396,660 |
|
---------------- |
---------------- |
---------------- |
---------------- |
|
|
PROFIT/(LOSS)
ATTRIBUTABLE TO SHAREHOLDERS |
21,659,290 |
13,783,456 |
9,318,207 |
6,396,660 |
|
RETAINED
PROFIT/(LOSS) BROUGHT FORWARD |
||||
|
As
previously reported |
30,836,427 |
17,052,971 |
7,734,764 |
1,338,104 |
|
---------------- |
---------------- |
---------------- |
---------------- |
|
|
As
restated |
30,836,427 |
17,052,971 |
7,734,764 |
1,338,104 |
|
---------------- |
---------------- |
---------------- |
---------------- |
|
|
PROFIT
AVAILABLE FOR APPROPRIATIONS |
52,495,717 |
30,836,427 |
17,052,971 |
7,734,764 |
|
---------------- |
---------------- |
---------------- |
---------------- |
|
|
RETAINED
PROFIT/(LOSS) CARRIED FORWARD |
52,495,717 |
30,836,427 |
17,052,971 |
7,734,764 |
|
============= |
============= |
============= |
============= |
|
|
INTEREST
EXPENSE (as per notes to P&L) |
||||
|
Others |
5,511,554 |
9,214,390 |
4,532,892 |
- |
|
---------------- |
---------------- |
---------------- |
---------------- |
|
|
5,511,554 |
9,214,390 |
4,532,892 |
- |
|
|
============= |
============= |
============= |
============= |
|
|
DEPRECIATION
(as per notes to P&L) |
2,441,280 |
2,439,797 |
1,877,573 |
- |
|
---------------- |
---------------- |
---------------- |
---------------- |
|
|
Total
Amortization And Depreciation |
2,441,280 |
2,439,797 |
1,877,573 |
- |
|
============= |
============= |
============= |
||
|
|
|
|
|
|
BALANCE SHEET
|
|
BILCARE
SINGAPORE PTE. LIMITED |
|
ASSETS
EMPLOYED: |
||||
|
FIXED
ASSETS |
41,067,113 |
43,483,149 |
45,901,564 |
183,374,800 |
|
LONG
TERM INVESTMENTS/OTHER ASSETS |
||||
|
Subsidiary
companies |
108,090,777 |
101,220,668 |
97,046,628 |
- |
|
Others |
3,613,572 |
5,767,369 |
7,921,166 |
- |
|
---------------- |
---------------- |
---------------- |
---------------- |
|
|
TOTAL
LONG TERM INVESTMENTS/OTHER ASSETS |
111,704,349 |
106,988,037 |
104,967,794 |
- |
|
INTANGIBLE
ASSETS |
||||
|
Others |
9,788,365 |
10,334,000 |
- |
- |
|
---------------- |
---------------- |
---------------- |
---------------- |
|
|
TOTAL
INTANGIBLE ASSETS |
9,788,365 |
10,334,000 |
- |
- |
|
---------------- |
---------------- |
---------------- |
---------------- |
|
|
TOTAL
LONG TERM ASSETS |
162,559,827 |
160,805,186 |
150,869,358 |
183,374,800 |
|
CURRENT
ASSETS |
||||
|
Stocks |
18,923,458 |
14,908,450 |
11,774,963 |
- |
|
Trade
debtors |
68,204,570 |
45,303,223 |
30,622,023 |
- |
|
Other
debtors, deposits & prepayments |
28,098,293 |
13,565,506 |
11,391,790 |
- |
|
Short
term deposits |
2,336,699 |
2,345,825 |
2,578,409 |
- |
|
Amount
due from holding company |
11,156,056 |
- |
- |
- |
|
Amount
due from subsidiary companies |
9,328,352 |
7,385,583 |
9,910,473 |
- |
|
Amount
due from related companies |
127,469 |
767,906 |
- |
- |
|
Amount
due from director |
- |
- |
3,200 |
- |
|
Cash
& bank balances |
4,691,414 |
4,633,116 |
2,952,738 |
- |
|
Others |
- |
- |
2,618,224 |
- |
|
---------------- |
---------------- |
---------------- |
---------------- |
|
|
TOTAL
CURRENT ASSETS |
142,866,311 |
88,909,609 |
71,851,820 |
56,632,939 |
|
---------------- |
---------------- |
---------------- |
---------------- |
|
|
TOTAL
ASSET |
305,426,138 |
249,714,795 |
222,721,178 |
240,007,739 |
|
============= |
============= |
============= |
============= |
|
|
CURRENT
LIABILITIES |
||||
|
Trade
creditors |
13,720,485 |
5,254,315 |
10,170,468 |
- |
|
Other
creditors & accruals |
2,504,894 |
3,091,699 |
3,715,811 |
- |
|
Bank
overdraft |
872,857 |
472,599 |
254,376 |
- |
|
Short
term borrowings/Term loans |
10,542,101 |
357,564 |
- |
- |
|
Amounts
owing to holding company |
12,674,563 |
2,036,709 |
- |
- |
|
Amounts
owing to subsidiary companies |
949 |
81,456 |
222,260 |
- |
|
Amounts
owing to related companies |
4,997,728 |
- |
- |
- |
|
Provision
for taxation |
1,635 |
1,635 |
1,635 |
- |
|
Other
liabilities |
- |
- |
3,092,656 |
- |
|
---------------- |
---------------- |
---------------- |
---------------- |
|
|
TOTAL
CURRENT LIABILITIES |
45,315,212 |
11,295,977 |
17,457,206 |
16,327,367 |
|
---------------- |
---------------- |
---------------- |
---------------- |
|
|
NET CURRENT
ASSETS/(LIABILITIES) |
97,551,099 |
77,613,632 |
54,394,614 |
40,305,572 |
|
---------------- |
---------------- |
---------------- |
---------------- |
|
|
LONG
TERM LIABILITIES |
||||
|
Long
term loans |
37,294,943 |
39,400,099 |
44,143,059 |
- |
|
---------------- |
---------------- |
---------------- |
---------------- |
|
|
TOTAL
LONG TERM LIABILITIES |
37,294,943 |
39,400,099 |
44,143,059 |
133,135,689 |
|
---------------- |
---------------- |
---------------- |
---------------- |
|
|
TOTAL
NET ASSETS |
222,815,983 |
199,018,719 |
161,120,913 |
90,544,683 |
|
============= |
============= |
============= |
============= |
|
|
FINANCED
BY: |
||||
|
SHARE
CAPITAL |
||||
|
Ordinary
share capital |
145,000,000 |
145,000,000 |
145,000,000 |
173,350,000 |
|
---------------- |
---------------- |
---------------- |
---------------- |
|
|
TOTAL
SHARE CAPITAL |
145,000,000 |
145,000,000 |
145,000,000 |
173,350,000 |
|
RESERVES |
||||
|
Exchange
equalisation/fluctuation reserve |
(2,476,875) |
(2,476,875) |
(2,476,875) |
- |
|
Retained
profit/(loss) carried forward |
52,495,717 |
30,836,427 |
17,052,971 |
7,734,764 |
|
Others |
27,797,141 |
25,659,167 |
1,544,817 |
(90,540,081) |
|
---------------- |
---------------- |
---------------- |
---------------- |
|
|
TOTAL
RESERVES |
77,815,983 |
54,018,719 |
16,120,913 |
(82,805,317) |
|
---------------- |
---------------- |
---------------- |
---------------- |
|
|
SHAREHOLDERS'
FUNDS/EQUITY |
222,815,983 |
199,018,719 |
161,120,913 |
90,544,683 |
|
============= |
============= |
============= |
============= |
|
|
|
|
|
|
|
FINANCIAL RATIO
|
|
BILCARE
SINGAPORE PTE. LIMITED |
|
TYPES
OF FUNDS |
||||
|
Cash |
7,028,113 |
6,978,941 |
5,531,147 |
- |
|
Net
Liquid Funds |
6,155,256 |
6,506,342 |
5,276,771 |
- |
|
Net
Liquid Assets |
78,627,641 |
62,705,182 |
42,619,651 |
40,305,572 |
|
Net
Current Assets/(Liabilities) |
97,551,099 |
77,613,632 |
54,394,614 |
40,305,572 |
|
Net Tangible
Assets |
213,027,618 |
188,684,719 |
161,120,913 |
90,544,683 |
|
Net
Monetary Assets |
41,332,698 |
23,305,083 |
(1,523,408) |
(92,830,117) |
|
PROFIT
& LOSS ITEMS |
||||
|
Earnings
Before Interest & Tax (EBIT) |
27,170,844 |
22,997,846 |
13,851,099 |
- |
|
Earnings
Before Interest, Taxes, Depreciation And Amortization (EBITDA) |
29,612,124 |
25,437,643 |
15,728,672 |
- |
|
BALANCE
SHEET ITEMS |
||||
|
Total
Borrowings |
48,709,901 |
40,230,262 |
44,397,435 |
- |
|
Total
Liabilities |
82,610,155 |
50,696,076 |
61,600,265 |
149,463,056 |
|
Total
Assets |
305,426,138 |
249,714,795 |
222,721,178 |
240,007,739 |
|
Net
Assets |
222,815,983 |
199,018,719 |
161,120,913 |
90,544,683 |
|
Net
Assets Backing |
222,815,983 |
199,018,719 |
161,120,913 |
90,544,683 |
|
Shareholders'
Funds |
222,815,983 |
199,018,719 |
161,120,913 |
90,544,683 |
|
Total
Share Capital |
145,000,000 |
145,000,000 |
145,000,000 |
173,350,000 |
|
Total
Reserves |
77,815,983 |
54,018,719 |
16,120,913 |
(82,805,317) |
|
GROWTH RATIOS
(Year on Year) (%) |
||||
|
Revenue |
48.63 |
14.22 |
17.15 |
- |
|
Proft/(Loss)
Before Tax |
57.14 |
47.92 |
45.67 |
- |
|
Proft/(Loss)
After Tax |
57.14 |
47.92 |
45.67 |
- |
|
Total
Assets |
22.31 |
12.12 |
(7.20) |
- |
|
Total
Liabilities |
62.95 |
(17.70) |
(58.79) |
- |
|
LIQUIDITY
(Times) |
||||
|
Cash
Ratio |
0.16 |
0.62 |
0.32 |
- |
|
Liquid
Ratio |
2.74 |
6.55 |
3.44 |
- |
|
Current
Ratio |
3.15 |
7.87 |
4.12 |
3.47 |
|
WORKING
CAPITAL CONTROL (Days) |
||||
|
Stock
Ratio |
59 |
70 |
63 |
- |
|
Debtors
Ratio |
214 |
211 |
163 |
- |
|
Creditors
Ratio |
70 |
42 |
81 |
- |
|
SOLVENCY
RATIOS (Times) |
||||
|
Gearing
Ratio |
0.22 |
0.20 |
0.28 |
- |
|
Liabilities
Ratio |
0.37 |
0.25 |
0.38 |
1.65 |
|
Times
Interest Earned Ratio |
4.93 |
2.50 |
3.06 |
- |
|
Assets
Backing Ratio |
1.47 |
1.30 |
1.11 |
0.52 |
|
PERFORMANCE
RATIO (%) |
||||
|
Operating
Profit Margin |
18.63 |
17.62 |
13.60 |
10.94 |
|
Net
Profit Margin |
18.63 |
17.62 |
13.60 |
10.94 |
|
Return
On Net Assets |
12.19 |
11.56 |
8.60 |
7.06 |
|
Return
On Capital Employed |
10.03 |
9.23 |
6.74 |
2.86 |
|
Return
On Shareholders' Funds/Equity |
9.72 |
6.93 |
5.78 |
7.06 |
|
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 65.10 |
|
|
1 |
INR 90.44 |
|
Euro |
1 |
INR 79.59 |
|
SGD |
1 |
INR 49.19 |
Note :
Above are approximate rates obtained from sources believed to be correct
INFORMATION DETAILS
|
Analysis Done by
: |
NIS |
|
|
|
|
Report Prepared
by : |
SYL |
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.