|
|
|
MIRA INFORM REPORT
|
Report No. : |
499371 |
|
Report Date : |
21.03.2018 |
IDENTIFICATION DETAILS
|
Name : |
ROLLED ALLOYS
SINGAPORE, LTD |
|
|
|
|
Formerly Known As : |
ROLLED ALLOYS INTERNATIONAL LIMITED
(09/01/2007) |
|
|
|
|
Registered Office : |
61, Tuas South Avenue 1, 637554 |
|
|
|
|
Country : |
Singapore |
|
|
|
|
Financials (as on) : |
31.12.2016 |
|
|
|
|
Date of Incorporation : |
21.11.2000 |
|
|
|
|
Com. Reg. No.: |
T00FC5968D |
|
|
|
|
Legal Form : |
Foreign |
|
|
|
|
Line of Business : |
The subject is principally engaged in the
trading of alloys, stainless steel and others. |
|
|
|
|
No. of Employees : |
17 [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 : |
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 (30.09.2017) |
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. |
: |
T00FC5968D |
||||
|
COMPANY NAME |
: |
ROLLED ALLOYS SINGAPORE, LTD |
||||
|
FORMER NAME |
: |
ROLLED ALLOYS INTERNATIONAL LIMITED (09/01/2007) |
||||
|
INCORPORATION DATE |
: |
21/11/2000 |
||||
|
COMPANY STATUS |
: |
EXIST |
||||
|
LEGAL FORM |
: |
FOREIGN |
||||
|
LISTED STATUS |
: |
NO |
||||
|
REGISTERED ADDRESS |
: |
61, TUAS SOUTH AVENUE 1, 637554, SINGAPORE. |
||||
|
BUSINESS ADDRESS |
: |
61,TUAS SOUTH AVENUE 1, 637554, SINGAPORE. |
||||
|
TEL.NO. |
: |
65-62272725 |
||||
|
FAX.NO. |
: |
65-62272735 |
||||
|
WEB SITE |
: |
WWW.ROLLEDALLOYS.COM.SG |
||||
|
CONTACT PERSON |
: |
LIM ( STAFF ) |
||||
|
PRINCIPAL ACTIVITY |
: |
TRADING OF ALLOYS, STAINLESS STEEL AND
OTHERS |
||||
|
SALES |
: |
SGD 13,655,498 [2016] |
||||
|
NET WORTH |
: |
SGD 5,692,176 [2016] |
||||
|
STAFF STRENGTH |
: |
17 [2018] |
||||
|
||||||
|
LITIGATION |
: |
CLEAR |
||||
|
FINANCIAL CONDITION |
: |
FAIR |
||||
|
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 principally engaged in the (as
a / as an) trading of alloys, stainless steel and others.
The immediate holding company of the Subject is
ROLLED ALLOYS INTERNATIONAL LTD, a company incorporated in UNITED STATES.
The ultimate holding company of the Subject
is HENLEY MANAGEMENT COMPANY, a company incorporated in UNITED STATES.
Former Address(es)
|
Address |
As At Date |
|
39, TUAS VIEW CLOSE, TRADE LINK PLACE,
637479 |
N/A |
No shareholders was found in our databank at
the time of investigation.
DIRECTOR
|
No director found in our databank.
MANAGEMENT
|
|
1) |
Name of Subject |
: |
LIM |
|
Position |
: |
STAFF |
AUDITOR
|
No Auditor found in our databank
COMPANY SECRETARIES
|
|
1) |
Company Secretary |
: |
KENNETH CHIAM SIANG ROUNG |
|
IC / PP No |
: |
S7930084E |
|
|
Address |
: |
7, GHIM MOH ROAD, 03-271, 270007,
SINGAPORE. |
|
|
Remarks |
: |
AUTHORISED REPRESENTATIVE |
|
|
2) |
Company Secretary |
: |
POON HIANG HUNG |
|
IC / PP No |
: |
S0176284B |
|
|
Address |
: |
32, CHOA CHU KANG STREET 64, 07-03,
WINDERMERE, 689099, SINGAPORE. |
|
|
Remarks |
: |
AUTHORISED REPRESENTATIVE |
BANKING
|
Banking relations are maintained principally with :
|
1) |
Name |
: |
THE HONGKONG AND SHANGHAI BANKING
CORPORATION 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.
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 |
|||
|
Domestic Markets |
: |
SINGAPORE |
|||
|
Overseas |
: |
YES |
|||
|
Export Market |
: |
WORLDWIDE |
|||
|
Credit Term |
: |
N/A |
|||
|
Payment Mode |
: |
CHEQUES |
|||
OPERATIONS
|
|
Goods Traded |
: |
ALLOYS, STAINLESS STEEL AND OTHERS |
|
|
Services |
: |
CUTTING AND SHEARING SERVICES |
|
|
Total Number of Employees: |
|||||||||
|
YEAR |
2018 |
2013 |
|||||||
|
|
|||||||||
|
GROUP |
N/A |
N/A |
|||||||
|
COMPANY |
17 |
13 |
|||||||
|
Branch |
: |
NO |
Other Information:
The Subject is principally engaged in the (as a / as an) trading of alloys,
stainless steel and others.
The Subject is a global supplier of heat and corrosion-resistant, stainless,
duplex, nickel, titanium, and aerospace alloys.
Its state of the art processing capabilities include shearing, gauering,
sawing, waterjet, laser, and plasma cutting.
It serves customers of all sizes, supplying and processing high-performance
metals for the thermal process, chemical process, power generation, aerospace,
pulp and paper, desalination, and pharmaceutical markets.
CURRENT INVESTIGATION
|
Latest fresh investigations carried out on
the Subject indicated that :
|
Telephone Number Provided By Client |
: |
65-62272725, +65-62772735 |
|
Current Telephone Number |
: |
65-62272725 |
|
Match |
: |
YES |
|
Address Provided by Client |
: |
61,TUAS SOUTH AVENUE 1 637554 |
|
Current Address |
: |
61,TUAS SOUTH AVENUE 1, 637554, SINGAPORE. |
|
Match |
: |
YES |
Other Investigations
We contacted one of the staff from the Subject and he provided some
information.
FINANCIAL ANALYSIS
|
|
Profitability |
||||||
|
Turnover |
: |
Decreased |
[ |
2010 - 2016 |
] |
|
|
Profit/(Loss) Before Tax |
: |
Decreased |
[ |
2010 - 2016 |
] |
|
|
Return on Shareholder Funds |
: |
Unfavourable |
[ |
(6.62%) |
] |
|
|
Return on Net Assets |
: |
Unfavourable |
[ |
(7.52%) |
] |
|
|
The continuous fall in turnover could be due
to the lower demand for the Subject's products / services.The Subject
incurred losses during the year due to the inefficient control of its
operating costs. The Subject's unfavourable returns on shareholders' funds
indicate the management's inefficiency in utilising its assets to generate
returns. |
||||||
|
Working Capital Control |
||||||
|
Stock Ratio |
: |
Favourable |
[ |
37 Days |
] |
|
|
Debtor Ratio |
: |
Acceptable |
[ |
60 Days |
] |
|
|
Creditors Ratio |
: |
Favourable |
[ |
24 Days |
] |
|
|
The Subject's stocks were moving fast thus
reducing its holding cost. This had reduced funds being tied up in stocks.
The Subject's management was quite efficient in handling its debtors. The Subject's
debtors days were at an acceptable range, thus the risk of its debts turning
bad was minimised. 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 |
[ |
2.68 Times |
] |
|
|
Current Ratio |
: |
Favourable |
[ |
3.28 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 |
: |
Nil |
[ |
0.00 Times |
] |
|
|
Gearing Ratio |
: |
Favourable |
[ |
0.00 Times |
] |
|
|
The Subject's interest cover was nil as it did
not pay any interest during the year. The Subject had no gearing and hence it
had virtually no financial risk. The Subject was financed by its
shareholders' funds and internally generated fund. During the economic
downturn, the Subject, having a zero gearing, will be able to compete better
than those which are highly geared in the same industry. |
||||||
|
Overall Assessment : |
||||||
|
The Subject's losses could be attributed to
the lower turnover which in turn could be the result of unfavourable market
conditions. 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. The
Subject did not make any interest payment during the year. The Subject was
dependent on its shareholders' funds to finance its business needs. The
Subject was a zero gearing company, it was solely dependant on its
shareholders to provide funds to finance its business. The Subject has good
chance of getting loans, if the needs arises. |
||||||
|
Overall financial condition of the Subject
: FAIR |
||||||
|
|
||||||
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. |
|
ROLLED ALLOYS SINGAPORE, LTD |
|
Financial Year End |
2016-12-31 |
2015-12-31 |
|
Months |
12 |
12 |
|
Consolidated Account |
Company |
Company |
|
Audited Account |
YES |
YES |
|
Unqualified Auditor's Report (Clean
Opinion) |
YES |
YES |
|
Financial Type |
FULL |
FULL |
|
Currency |
SGD |
SGD |
|
TURNOVER |
13,655,498 |
18,473,976 |
|
Other Income |
117,853 |
43,368 |
|
---------------- |
---------------- |
|
|
Total Turnover |
13,773,351 |
18,517,344 |
|
Costs of Goods Sold |
(11,624,144) |
(15,137,705) |
|
---------------- |
---------------- |
|
|
Gross Profit |
2,149,207 |
3,379,639 |
|
---------------- |
---------------- |
|
|
PROFIT/(LOSS) FROM OPERATIONS |
(428,272) |
618,030 |
|
---------------- |
---------------- |
|
|
PROFIT/(LOSS) BEFORE TAXATION |
(428,272) |
618,030 |
|
Taxation |
51,668 |
(17,822) |
|
---------------- |
---------------- |
|
|
PROFIT/(LOSS) AFTER TAXATION |
(376,604) |
600,208 |
|
---------------- |
---------------- |
|
|
RETAINED PROFIT/(LOSS) BROUGHT FORWARD |
||
|
As previously reported |
7,449,042 |
6,848,834 |
|
---------------- |
---------------- |
|
|
As restated |
7,449,042 |
6,848,834 |
|
---------------- |
---------------- |
|
|
PROFIT AVAILABLE FOR APPROPRIATIONS |
7,072,438 |
7,449,042 |
|
TRANSFER TO RESERVES - General |
(1,380,262) |
- |
|
---------------- |
---------------- |
|
|
RETAINED PROFIT/(LOSS) CARRIED FORWARD |
5,692,176 |
7,449,042 |
|
============= |
============= |
|
|
DEPRECIATION (as per notes to P&L) |
121,329 |
116,036 |
|
---------------- |
---------------- |
|
|
Total Amortization And Depreciation |
121,329 |
116,036 |
|
============= |
============= |
|
|
|
|
|
BALANCE SHEET
|
|
ROLLED ALLOYS SINGAPORE, LTD |
|
ASSETS EMPLOYED: |
||
|
FIXED ASSETS |
219,512 |
333,560 |
|
LONG TERM INVESTMENTS/OTHER ASSETS |
||
|
Deposits |
136,500 |
136,500 |
|
---------------- |
---------------- |
|
|
TOTAL LONG TERM INVESTMENTS/OTHER ASSETS |
136,500 |
136,500 |
|
---------------- |
---------------- |
|
|
TOTAL LONG TERM ASSETS |
356,012 |
470,060 |
|
CURRENT ASSETS |
||
|
Stocks |
1,391,187 |
2,441,023 |
|
Trade debtors |
2,262,666 |
2,320,766 |
|
Other debtors, deposits & prepayments |
86,785 |
74,523 |
|
Short term deposits |
- |
1,950,000 |
|
Cash & bank balances |
3,922,355 |
2,088,798 |
|
Others |
17,462 |
58,888 |
|
---------------- |
---------------- |
|
|
TOTAL CURRENT ASSETS |
7,680,455 |
8,933,998 |
|
---------------- |
---------------- |
|
|
TOTAL ASSET |
8,036,467 |
9,404,058 |
|
============= |
============= |
|
|
CURRENT LIABILITIES |
||
|
Trade creditors |
756,315 |
527,207 |
|
Other creditors & accruals |
67,648 |
197,207 |
|
Amounts owing to holding company |
1,520,328 |
1,175,161 |
|
Provision for taxation |
- |
55,441 |
|
---------------- |
---------------- |
|
|
TOTAL CURRENT LIABILITIES |
2,344,291 |
1,955,016 |
|
---------------- |
---------------- |
|
|
NET CURRENT ASSETS/(LIABILITIES) |
5,336,164 |
6,978,982 |
|
---------------- |
---------------- |
|
|
TOTAL NET ASSETS |
5,692,176 |
7,449,042 |
|
============= |
============= |
|
|
---------------- |
---------------- |
|
|
HEAD OFFICE ACCOUNT |
5,692,176 |
7,449,042 |
|
---------------- |
---------------- |
|
|
SHAREHOLDERS' FUNDS/EQUITY |
5,692,176 |
7,449,042 |
|
============= |
============= |
|
|
|
|
|
FINANCIAL RATIO
|
|
ROLLED ALLOYS SINGAPORE, LTD |
|
TYPES OF FUNDS |
||
|
Cash |
3,922,355 |
4,038,798 |
|
Net Liquid Funds |
3,922,355 |
4,038,798 |
|
Net Liquid Assets |
3,944,977 |
4,537,959 |
|
Net Current Assets/(Liabilities) |
5,336,164 |
6,978,982 |
|
Net Tangible Assets |
5,692,176 |
7,449,042 |
|
Net Monetary Assets |
3,944,977 |
4,537,959 |
|
PROFIT & LOSS ITEMS |
||
|
Earnings Before Interest & Tax (EBIT) |
(428,272) |
618,030 |
|
Earnings Before Interest, Taxes,
Depreciation And Amortization (EBITDA) |
(306,943) |
734,066 |
|
BALANCE SHEET ITEMS |
||
|
Total Borrowings |
0 |
0 |
|
Total Liabilities |
2,344,291 |
1,955,016 |
|
Total Assets |
8,036,467 |
9,404,058 |
|
Net Assets |
5,692,176 |
7,449,042 |
|
Net Assets Backing |
5,692,176 |
7,449,042 |
|
Shareholders' Funds |
5,692,176 |
7,449,042 |
|
Total Share Capital |
0 |
0 |
|
Total Reserves |
0 |
0 |
|
GROWTH RATIOS (Year on Year) (%) |
||
|
Revenue |
(26.08) |
(35.34) |
|
Proft/(Loss) Before Tax |
(169.30) |
(50.27) |
|
Proft/(Loss) After Tax |
(162.75) |
(42.71) |
|
Total Assets |
(14.54) |
11.41 |
|
Total Liabilities |
19.91 |
(45.14) |
|
LIQUIDITY (Times) |
||
|
Cash Ratio |
1.67 |
2.07 |
|
Liquid Ratio |
2.68 |
3.32 |
|
Current Ratio |
3.28 |
4.57 |
|
WORKING CAPITAL CONTROL (Days) |
||
|
Stock Ratio |
37 |
48 |
|
Debtors Ratio |
60 |
46 |
|
Creditors Ratio |
24 |
13 |
|
SOLVENCY RATIOS (Times) |
||
|
Gearing Ratio |
0 |
0 |
|
Liabilities Ratio |
0.41 |
0.26 |
|
Times Interest Earned Ratio |
0 |
0 |
|
Assets Backing Ratio |
- |
- |
|
PERFORMANCE RATIO (%) |
||
|
Operating Profit Margin |
(3.14) |
3.35 |
|
Net Profit Margin |
(2.76) |
3.25 |
|
Return On Net Assets |
(7.52) |
8.30 |
|
Return On Capital Employed |
(7.52) |
8.30 |
|
Return On Shareholders' Funds/Equity |
(6.62) |
8.06 |
|
Dividend Pay Out Ratio (Times) |
0 |
0 |
|
NOTES TO ACCOUNTS |
||
|
Contingent Liabilities |
0 |
0 |
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
INR 65.20 |
|
|
1 |
INR 91.49 |
|
Euro |
1 |
INR 80.46 |
|
SGD |
1 |
INR 49.45 |
Note:
Above are approximate rates obtained from sources believed to be correct
INFORMATION DETAILS
|
Analysis Done by
: |
NIS |
|
|
|
|
Report Prepared
by : |
NIT |
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.