MIRA INFORM REPORT

 

 

Report No. :

510167

Report Date :

23.05.2018

 

 

 

IDENTIFICATION DETAILS

 

Name :

SUNFIELD GLOBAL PTE. LTD

 

 

Registered Office :

190, Middle Road, 09-04, Fortune Centre, 188979

 

 

Country :

Singapore

 

 

Financials (as on) :

31.12.2016

 

 

Date of Incorporation :

01.07.2015

 

 

Com. Reg. No.:

201527546C

 

 

Legal Form :

Private Limited (Limited By Share)

 

 

Line of Business :

Subject is engaged in the trading of palm oil.

 

 

No. of Employees :

7

 

 

RATING & COMMENTS

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

 

MIRA’s Rating :

A

 

Credit Rating

Explanation

Rating Comments

A

Acceptable Risk

Business dealings permissible with moderate risk of default

 

Status :

Satisfactory

 

 

Payment Behaviour :

No Complaints

 

 

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 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.

:

201527546C

COMPANY NAME

:

SUNFIELD GLOBAL PTE. LTD.

FORMER NAME

:

N/A

INCORPORATION DATE

:

01/07/2015

COMPANY STATUS

:

EXIST

LEGAL FORM

:

PRIVATE LIMITED (LIMITED BY SHARE)

LISTED STATUS

:

NO

REGISTERED ADDRESS

:

190, MIDDLE ROAD, 09-04, FORTUNE CENTRE, 188979, SINGAPORE.

BUSINESS ADDRESS

:

100, BEACH ROAD, SHAW TOWER, #30-00, 189702, SINGAPORE.

TEL.NO.

:

65-65345700

FAX.NO.

:

65-65345766

CONTACT PERSON

:

HUM HOE KHIN ( DIRECTOR )

PRINCIPAL ACTIVITY

:

TRADING OF PALM OIL

ISSUED AND PAID UP CAPITAL

:

10,000,000.00 ORDINARY SHARE, OF A VALUE OF USD 10,000,000.00

SALES

:

USD 542,240,827 [2016]

NET WORTH

:

USD 20,220,578 [2016]

STAFF STRENGTH

:

7 [2018]

LITIGATION

:

CLEAR

FINANCIAL CONDITION

:

STRONG

PAYMENT

:

NO COMPLAINTS

MANAGEMENT CAPABILITY

:

AVERAGE

COMMERCIAL RISK

:

LOW

CURRENCY EXPOSURE

:

MODERATE

GENERAL REPUTATION

:

SATISFACTORY

INDUSTRY OUTLOOK

:

MARGINAL GROWTH

 

 

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) trading of palm oil.

 

 

Share Capital History

Date

Issue & Paid Up Capital

22/05/2018

USD 10,000,000.00

 

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


Current Shareholder(s) :

Name

Address

IC/PP/Loc No

Shareholding

(%)

HUM HOE KHIN +

1, AMBER ROAD, 07-03, AMBER POINT, 439845, SINGAPORE.

S2536828B

6,000,000.00

60.00

GW CAPITAL PARTNERS PTE. LTD.

1, GEYLANG EAST AVENUE 1, 12-06, CENTRAL GROVE 389778 ,SINGAPORE

201532873

3,000,000.00

30.00

MAXWELL CAPITAL PTE. LTD.

1, GEYLANG EAST AVENUE 1, 12-06, CENTRAL GROVE 389778 ,SINGAPORE

201532874

1,000,000.00

10.00

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

------

10,000,000.00

100.00

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

=====

+ Also Director



DIRECTORS


DIRECTOR 1

 

Name Of Subject

:

LING TUNG LEH

Address

:

734, BLOCK D, RAYA COURT, KEPAYAN RIDGE, KOTA KINABALU, 88200 PUTATAN, SABAH, MALAYSIA.

IC / PP No

:

K25744052

Nationality

:

MALAYSIAN

Date of Appointment

:

01/07/2015



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

201527546C

SUNFIELD GLOBAL PTE. LTD.

Director

01/07/2015

0.00

-

USD11,106,881.00

2016

-

22/05/2018

 

DIRECTOR 2

 

Name Of Subject

:

TOH BENG ANN

Address

:

1, GEYLANG EAST AVENUE 1, 12-06, CENTRAL GROVE, 389778, SINGAPORE.

IC / PP No

:

S1756513C

Nationality

:

SINGAPOREAN

Date of Appointment

:

05/07/2016



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

201527546C

SUNFIELD GLOBAL PTE. LTD.

Director

05/07/2016

0.00

-

USD11,106,881.00

2016

-

22/05/2018

 

DIRECTOR 3

 

Name Of Subject

:

HUM HOE KHIN

Address

:

1, AMBER ROAD, 07-03, AMBER POINT, 439845, SINGAPORE.

IC / PP No

:

S2536828B

Nationality

:

MALAYSIAN

Date of Appointment

:

06/06/2017



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

201527546C

SUNFIELD GLOBAL PTE. LTD.

Director

06/06/2017

6,000,000.00

60.00

USD11,106,881.00

2016

-

22/05/2018



MANAGEMENT

 

 

1)

Name of Subject

:

HUM HOE KHIN

Position

:

DIRECTOR

 

 

AUDITOR

 

Auditor

:

NEXIA TS PUBLIC ACCOUNTING CORPORATION

Auditor' Address

:

N/A

 

 

COMPANY SECRETARIES

 

1)

Company Secretary

:

HENG KHIAM NENG

IC / PP No

:

S7235890B

Address

:

114, PUNGGOL WALK, 17-32, TWIN WATERFALLS, 828767, SINGAPORE.

 

 

BANKING


No Banker found in our databank.

 

ENCUMBRANCE (S)

 

Charge No

Creation Date

Charge Description

Chargee Name

Total Charge

Status

C201607343

26/07/2016

N/A

MALAYAN BANKING BERHAD

-

Unsatisfied

C201607350

26/07/2016

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 Subject's audit company refused to disclose the Subject's suppliers.

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
TELEGRAPHIC TRANSFER (TT)

 

 

 

OPERATIONS

 

Goods Traded

:

PALM OIL

 

Total Number of Employees:

 

YEAR

2018

2017

2016

2015

GROUP

N/A

N/A

N/A

N/A

COMPANY

7

5

4

4

 

Branch

:

NO

Other Information:


The Subject is principally engaged in the (as a / as an) trading of palm oil.

The Subject sells palm oil and edible oil.


CURRENT INVESTIGATION

 

Latest fresh investigations carried out on the Subject indicated that :

Telephone Number Provided By Client

:

N/A

Current Telephone Number

:

65-65345700

Match

:

N/A

Address Provided by Client

:

190 MIDDLE ROAD, FORTUNE CENTRE #09-04, 188979 SINGAPORE

Current Address

:

100, BEACH ROAD, SHAW TOWER, #30-00, 189702, SINGAPORE.

Match

:

NO

 

Other Investigations

 

We have contacted one of the staff from the Subject's audit company and she provided some information.

The address provided belongs to the Subject's registered office.

The staff from the Subject's audit company refused to disclose the Subject's bankers.


FINANCIAL ANALYSIS

 

 

Profitability

Turnover

:

Increased

[

549.97%

]

Profit/(Loss) Before Tax

:

Increased

[

1,026.99%

]

Return on Shareholder Funds

:

Favourable

[

46.26%

]

Return on Net Assets

:

Favourable

[

54.93%

]

The increase in turnover could be due to the Subject adopting an aggressive marketing strategy.The higher profit could be attributed to the increase in turnover. Generally the Subject was profitable. The favourable return on shareholders' funds and return on net assets indicate that the Subject's management was efficient in utilising the assets to generate returns.

Working Capital Control

Debtor Ratio

:

Favourable

[

13 Days

]

Creditors Ratio

:

Favourable

[

20 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

[

1.46 Times

]

Current Ratio

:

Unfavourable

[

1.46 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 :

Generally, the Subject's performance has improved with higher turnover and profit. 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 : STRONG

 

 

 

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 2015, the Subject is a Private Limited company, focusing on trading of palm oil. The Subject has been in business for less than 5 years and it has slowly been building up contact with its clients while competing in the industry. With USD 10,000,000 in issued and paid up capital, the Subject has the potential of capturing a higher market shares as it is competing aggressively in the market.

 
Over the years, 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 7 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.

We noted that both the turnover and profits have increased compared to the previous year. The higher profit could be due to increase in turnover and better control over its operating costs. Based on the higher profitability, the Subject has generated a favourable return based on its existing shareholders' funds which indicated that the management was efficient in utilising its funds to generate income. 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. Being a zero geared company, the Subject virtually has no financial risk as it is mainly dependent on its internal funds to finance its business. Given a positive net worth standing at USD 20,220,578, the Subject should be able to maintain its business in the near terms.


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 has reached its maturity stage and only enjoying a marginal growth. The steady growth of the country's economy will further enhance the industry activities. Thus, the Subject's future performance is very much depend on its marketing strategies in order to retain its position in the market.


Based on the above condition, we recommend credit be granted to the Subject promptly.



PROFIT AND LOSS ACCOUNT

 

 

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

SUNFIELD GLOBAL PTE. LTD.

 

Financial Year End

2016-12-31

2015-12-31

Months

12

6

Consolidated Account

Company

Company

Audited Account

YES

YES

Unqualified Auditor's Report (Clean Opinion)

YES

YES

Financial Type

FULL

FULL

Currency

USD

USD

TURNOVER

542,240,827

83,425,847

Other Income

491,430

109,012

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

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

Total Turnover

542,732,257

83,534,859

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

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

PROFIT/(LOSS) FROM OPERATIONS

11,106,881

985,538

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

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

PROFIT/(LOSS) BEFORE TAXATION

11,106,881

985,538

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

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

PROFIT/(LOSS) AFTER TAXATION

11,106,881

985,538

Minority interests

(1,751,935)

(119,906)

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

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

PROFIT/(LOSS) BEFORE EXTRAORDINARY ITEMS

9,354,946

865,632

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

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

PROFIT/(LOSS) ATTRIBUTABLE TO SHAREHOLDERS

9,354,946

865,632

RETAINED PROFIT/(LOSS) BROUGHT FORWARD

As previously reported

865,632

-

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

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

As restated

865,632

-

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

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

PROFIT AVAILABLE FOR APPROPRIATIONS

10,220,578

865,632

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

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

RETAINED PROFIT/(LOSS) CARRIED FORWARD

10,220,578

865,632

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

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

DEPRECIATION (as per notes to P&L)

79,732

738

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

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

Total Amortization And Depreciation

79,732

738

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

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

 

 

 

 

 

BALANCE SHEET

 

 

SUNFIELD GLOBAL PTE. LTD.

 

ASSETS EMPLOYED:

FIXED ASSETS

-

26,338

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

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

TOTAL LONG TERM ASSETS

-

26,338

CURRENT ASSETS

Stocks

-

491,558

Trade debtors

18,997,402

5,228,292

Other debtors, deposits & prepayments

20,738

395,000

Cash & bank balances

29,358,541

9,325,718

Others

16,670,296

3,562,781

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

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

TOTAL CURRENT ASSETS

65,046,977

19,003,349

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

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

TOTAL ASSET

65,046,977

19,029,687

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

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

CURRENT LIABILITIES

Trade creditors

30,353,857

6,697,898

Other creditors & accruals

4,322,245

265,726

Provision for taxation

1,752,961

119,906

Other liabilities

8,238,662

921,851

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

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

TOTAL CURRENT LIABILITIES

44,667,725

8,005,381

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

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

NET CURRENT ASSETS/(LIABILITIES)

20,379,252

10,997,968

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

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

LONG TERM LIABILITIES

Others

158,674

158,674

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

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

TOTAL LONG TERM LIABILITIES

158,674

158,674

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

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

TOTAL NET ASSETS

20,220,578

10,865,632

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

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

FINANCED BY:

SHARE CAPITAL

Ordinary share capital

10,000,000

10,000,000

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

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

TOTAL SHARE CAPITAL

10,000,000

10,000,000

RESERVES

Retained profit/(loss) carried forward

10,220,578

865,632

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

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

TOTAL RESERVES

10,220,578

865,632

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

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

SHAREHOLDERS' FUNDS/EQUITY

20,220,578

10,865,632

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

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

 

 

 

 

 

FINANCIAL RATIO

 

 

SUNFIELD GLOBAL PTE. LTD.

 

TYPES OF FUNDS

Cash

29,358,541

9,325,718

Net Liquid Funds

29,358,541

9,325,718

Net Liquid Assets

20,379,252

10,506,410

Net Current Assets/(Liabilities)

20,379,252

10,997,968

Net Tangible Assets

20,220,578

10,865,632

Net Monetary Assets

20,220,578

10,347,736

PROFIT & LOSS ITEMS

Earnings Before Interest & Tax (EBIT)

11,106,881

985,538

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

11,186,613

986,276

BALANCE SHEET ITEMS

Total Borrowings

0

0

Total Liabilities

44,826,399

8,164,055

Total Assets

65,046,977

19,029,687

Net Assets

20,220,578

10,865,632

Net Assets Backing

20,220,578

10,865,632

Shareholders' Funds

20,220,578

10,865,632

Total Share Capital

10,000,000

10,000,000

Total Reserves

10,220,578

865,632

GROWTH RATIOS (Year on Year) (%)

Revenue

549.97

-

Proft/(Loss) Before Tax

1,026.99

-

Proft/(Loss) After Tax

1,026.99

-

Total Assets

241.82

-

Total Liabilities

449.07

-

LIQUIDITY (Times)

Cash Ratio

0.66

1.16

Liquid Ratio

1.46

2.31

Current Ratio

1.46

2.37

WORKING CAPITAL CONTROL (Days)

Stock Ratio

0

2

Debtors Ratio

13

23

Creditors Ratio

20

29

SOLVENCY RATIOS (Times)

Gearing Ratio

0

0

Liabilities Ratio

2.22

0.75

Times Interest Earned Ratio

0

0

Assets Backing Ratio

2.02

1.09

PERFORMANCE RATIO (%)

Operating Profit Margin

2.05

1.18

Net Profit Margin

1.73

1.04

Return On Net Assets

54.93

9.07

Return On Capital Employed

54.50

8.94

Return On Shareholders' Funds/Equity

46.26

7.97

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 68.02

UK Pound

1

INR 91.25

Euro

1

INR 80.07

SGD

1

INR 50.87

 

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

 

 

INFORMATION DETAILS

 

Analysis Done by :

PRA

 

 

Report Prepared by :

TRU

                                                


 

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.