RAY PROPERTY DEVELOPMENTS LTD

Executive Summary

RAY PROPERTY DEVELOPMENTS LTD operates with a very thin equity base and minimal net current assets, resulting in a high solvency and liquidity risk profile. While compliance with filing requirements and stable directorships are positive, the sharp decline in cash reserves and significant short-term liabilities warrant close scrutiny of cash flow and creditor obligations. Further due diligence is recommended to evaluate operational viability and financial sustainability.