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CIK 2014955

Smart Digital Group Limited
CIK 0002014955 ยท EDGAR โ†—
cleanelevatedtriggeredno dataplanned
72.3
composite ยท 4 signals ยท ELEVATED

Every card below shows the score and the exact filing data it was computed from โ€” no unexplained numbers. Some signals (P-02, P-03, P-08, P-09, P-10, P-11) pull live documents from SEC EDGAR the first time you view this company; a few of those (P-03, P-10, P-11) use AI to read the filing text, but every AI claim must quote the actual document verbatim or it's discarded โ€” never a guess.

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Signals

P-12 ยท FY 2025-09-30 ยท ELEVATED57.9

Restatement predictor

F-Score 1.74 โ€” misstatement risk 1.7x the base rate
trend: flat
Trend
Source: 20-F on SEC.gov (filed 2026-02-12) โ†—
Evidence โ€” inputs and thresholds
{
  "f_score": 1.736,
  "probability": 0.00642,
  "components": {
    "rsst": -2.2993,
    "drec": 0.0278,
    "dinv": null,
    "soft": 0.9792,
    "dcs": 0.7106,
    "droa": -2.7243,
    "issue": 0
  },
  "model": "Dechow et al. 2011, Model 1 (simplified RSST)",
  "thresholds": {
    "elevated": 1,
    "triggered": 1.85
  },
  "stale": false,
  "latest_filing_period": "2025-09-30",
  "source": {
    "url": "https://www.sec.gov/Archives/edgar/data/2014955/000121390026015670/0001213900-26-015670-index.htm",
    "form": "20-F",
    "filed": "2026-02-12"
  }
}
P-13 ยท FY 2025-09-30 ยท ELEVATED90.0

Zombie / distress

Interest coverage -4880.71x below 1.0
trend: flat
Trend
Source: 20-F on SEC.gov (filed 2026-02-12) โ†—
Evidence โ€” inputs and thresholds
{
  "icr_by_year": {
    "2025-09-30": -4880.714,
    "2024-09-30": 120.956,
    "2023-09-30": 111.606
  },
  "consecutive_years_below_1": 1,
  "altman_z_double_prime": -20.056,
  "definitions": {
    "zombie": "ICR<1 for 3+ consecutive FYs (BIS 2018)",
    "z_distress": "<1.1 distress, 1.1-2.6 gray, >2.6 safe"
  },
  "inputs": {
    "ebit_t": -37947555,
    "interest_expense_t": 7775
  },
  "stale": false,
  "latest_filing_period": "2025-09-30",
  "source": {
    "url": "https://www.sec.gov/Archives/edgar/data/2014955/000121390026015670/0001213900-26-015670-index.htm",
    "form": "20-F",
    "filed": "2026-02-12"
  }
}
P-01 ยท FY 2025-09-30 ยท CLEAN0.0

Earnings quality

Beneish M-Score -9.91 โ€” no manipulation profile
trend: flat
Trend
Source: 20-F on SEC.gov (filed 2026-02-12) โ†—
Evidence โ€” inputs and thresholds
{
  "m_score": -9.907,
  "threshold": -1.78,
  "ratios": {
    "DSRI": 0.601,
    "GMI": 1.347,
    "AQI": 6.721,
    "SGI": 1.729,
    "DEPI": 1.749,
    "SGAI": 1,
    "LVGI": 0.74,
    "TATA": -2.217
  },
  "defaulted_to_neutral": [
    "SGAI"
  ],
  "sloan_accruals": -2.2993,
  "inputs": {
    "revenue_t": 37200513,
    "revenue_t1": 21519072,
    "total_assets_t": 14562304,
    "net_income_t": -37845629,
    "cfo_t": -5554488
  },
  "stale": false,
  "latest_filing_period": "2025-09-30",
  "source": {
    "url": "https://www.sec.gov/Archives/edgar/data/2014955/000121390026015670/0001213900-26-015670-index.htm",
    "form": "20-F",
    "filed": "2026-02-12"
  }
}
P-05 ยท FY 2024-09-30 ยท CLEAN35.4

Tax arbitrage

ETR 17.3% โ€” within normal range of statutory
trend: flat
Trend
Source: 20-F on SEC.gov (filed 2026-02-12) โ†—
Evidence โ€” inputs and thresholds
{
  "etr_by_year": {
    "2024-09-30": 0.1728,
    "2023-09-30": 0.12
  },
  "statutory_rate": 0.21,
  "gap_by_year": {
    "2024-09-30": 0.0372,
    "2023-09-30": 0.09
  },
  "note": "Low ETR can be fully legitimate; this flags persistence + magnitude for review.",
  "stale": false,
  "latest_filing_period": "2025-09-30",
  "source": {
    "url": "https://www.sec.gov/Archives/edgar/data/2014955/000121390026015670/0001213900-26-015670-index.htm",
    "form": "20-F",
    "filed": "2026-02-12"
  }
}