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KMRK

K-TECH SOLUTIONS COMPANY LIMITED
CIK 0002049187 ยท EDGAR โ†—
cleanelevatedtriggeredno dataplanned
64.5
composite ยท 4 signals ยท TRIGGERED

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-01 ยท FY 2025-03-31 ยท TRIGGERED81.6

Earnings quality

Beneish M-Score -1.08 exceeds the -1.78 manipulation threshold
trend: flat
Trend
Source: 20-F on SEC.gov (filed 2025-08-15) โ†—
Evidence โ€” inputs and thresholds
{
  "m_score": -1.083,
  "threshold": -1.78,
  "ratios": {
    "DSRI": 1.042,
    "GMI": 0.965,
    "AQI": 1.193,
    "SGI": 1.087,
    "DEPI": 0.766,
    "SGAI": 1,
    "LVGI": 0.873,
    "TATA": 0.258
  },
  "defaulted_to_neutral": [
    "SGAI"
  ],
  "sloan_accruals": 0.2504,
  "inputs": {
    "revenue_t": 18612534,
    "revenue_t1": 17123778,
    "total_assets_t": 6925612,
    "net_income_t": 487957,
    "cfo_t": -1296977
  },
  "stale": false,
  "latest_filing_period": "2025-03-31",
  "source": {
    "url": "https://www.sec.gov/Archives/edgar/data/2049187/000121390025077494/0001213900-25-077494-index.htm",
    "form": "20-F",
    "filed": "2025-08-15"
  }
}
P-05 ยท FY 2025-03-31 ยท ELEVATED65.2

Tax arbitrage

ETR 9.8% vs 21% statutory โ€” gap persistent across 2 of 3 years
trend: flat
Trend
Source: 20-F on SEC.gov (filed 2025-08-15) โ†—
Evidence โ€” inputs and thresholds
{
  "etr_by_year": {
    "2025-03-31": 0.0976,
    "2024-03-31": 0.1348,
    "2023-03-31": 0.0583
  },
  "statutory_rate": 0.21,
  "gap_by_year": {
    "2025-03-31": 0.1124,
    "2024-03-31": 0.0752,
    "2023-03-31": 0.1517
  },
  "note": "Low ETR can be fully legitimate; this flags persistence + magnitude for review.",
  "stale": false,
  "latest_filing_period": "2025-03-31",
  "source": {
    "url": "https://www.sec.gov/Archives/edgar/data/2049187/000121390025077494/0001213900-25-077494-index.htm",
    "form": "20-F",
    "filed": "2025-08-15"
  }
}
P-12 ยท FY 2025-03-31 ยท CLEAN8.9

Restatement predictor

F-Score 0.27 โ€” at or below the population base rate
trend: flat
Trend
Source: 20-F on SEC.gov (filed 2025-08-15) โ†—
Evidence โ€” inputs and thresholds
{
  "f_score": 0.268,
  "probability": 0.00099,
  "components": {
    "rsst": 0.2504,
    "drec": 0.0229,
    "dinv": null,
    "soft": 0.3323,
    "dcs": 0.0774,
    "droa": -0.0562,
    "issue": 0
  },
  "model": "Dechow et al. 2011, Model 1 (simplified RSST)",
  "thresholds": {
    "elevated": 1,
    "triggered": 1.85
  },
  "stale": false,
  "latest_filing_period": "2025-03-31",
  "source": {
    "url": "https://www.sec.gov/Archives/edgar/data/2049187/000121390025077494/0001213900-25-077494-index.htm",
    "form": "20-F",
    "filed": "2025-08-15"
  }
}
P-13 ยท FY 2025-03-31 ยท CLEAN0.0

Zombie / distress

Interest coverage 6.87x โ€” servicing debt from operations
trend: flat
Trend
Source: 20-F on SEC.gov (filed 2025-08-15) โ†—
Evidence โ€” inputs and thresholds
{
  "icr_by_year": {
    "2025-03-31": 6.871,
    "2024-03-31": 15.708,
    "2023-03-31": 5.168
  },
  "consecutive_years_below_1": 0,
  "altman_z_double_prime": 4.24,
  "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": 526062,
    "interest_expense_t": 76564
  },
  "stale": false,
  "latest_filing_period": "2025-03-31",
  "source": {
    "url": "https://www.sec.gov/Archives/edgar/data/2049187/000121390025077494/0001213900-25-077494-index.htm",
    "form": "20-F",
    "filed": "2025-08-15"
  }
}