MIRA
INFORM REPORT
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Report Date : |
09.04.2007 |
IDENTIFICATION
DETAILS
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Name : |
VALENCY INTERNATIONAL TRADING PTE. LTD. |
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Registered Office : |
1 North Bridge Road #23-01 High Street Centre |
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Country : |
SINGAPORE |
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Legal Form : |
Private Limited |
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Line of Business : |
GENERAL WHOLESALE TRADE |
RATING &
COMMENTS
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MIRA’s Rating : |
C |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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<10 |
C |
Absolute credit risk exists. Caution needed to be exercised |
Credit not
recommended |
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Status : |
New Company |
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Payment Behaviour : |
Unknown |
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Litigation : |
-- |
Subject Company
: VALENCY INTERNATIONAL TRADING PTE. LTD.
Line Of
Business
: GENERAL WHOLESALE TRADE
Parent Company
: VALENCY RESOURCES PVT LTD
(PERCENTAGE OF SHAREHOLDING: 100.00%)
Financial Elements
Sales : NA
Net worth : NA
Paid-Up Capital : US$1,000
Net result : NA
Net Margin (%) : NA
Return on Equity (%) : NA
Leverage Ratio : NA
BUSINESS INFORMATION
REPORT
COMPANY IDENTIFICATION
Subject Company :
VALENCY INTERNATIONAL TRADING PTE. LTD.
Former Name :
-
Business Address :
1 NORTH BRIDGE ROAD
#23-01
HIGH STREET CENTRE
Town :
SINGAPORE
Postcode : 179094
County : --
Country :
Singapore
Telephone :
Not Listed
Fax :
Not Listed
ROC Number :
200702113R
Reg. Town : --
SUMMARY
All amounts in this report are in
: USD
Legal Form :
Pte Ltd
Date Inc. : 06/02/2007
Previous Legal Form : --
Summary year
: --
Sales : --
Networth : --
Capital : --
Paid-Up Capital :
100
Employees :
-
Net result :
-
Share value :
-
Auditor :
NIL
BASED ON ACRA'S RECORD AS AT 02/04/2007,
NO. OF SHARE CURRENCY AMOUNT
ISSUED ORDINARY 100 USD 1,000.00
PAID-UP ORDINARY - USD 1,000.00
REFERENCES
Company status :
TRADING ]
Started :
06/02/2007
PRINCIPAL(S)
BASBA NAND BALODI
S2706601A Director
DIRECTOR(S)
KOH HUI LIAK S0059247A Company Secretar
Appointed on :
06/02/2007
Street : 842 SIMS AVENUE
#10-764
Town : SINGAPORE
Postcode : 400842
Country : Singapore
BASBA NAND BALODI
S2706601A Director
Appointed on : 06/02/2007
Street : 317 BUKIT TIMAH ROAD
#07-321
CITY TOWER
Town : SINGAPORE
Postcode : 259711
Country : Singapore
ACTIVITY(IES)
IMPORTERS and EXPORTERS
Code: 11760
COMMISSION MERCHANTS
Code: 4990
BASED ON ACRA'S RECORD AS AT 02/04/2007
1) GENERAL WHOLESALE TRADE (INCLUDING GENERAL IMPORTERS & EXPORTERS)
2) WHOLESALE ON A FEE OR CONTRACT BASIS (EG COMMISSION AGENCIES)
CHARGES
No Charges On Premises/Property In Our Database
PREMISES/PROPERTY
INFORMATIONS
No Premises/Property Information In Our Databases
SHAREHOLDERS(S)
VALENCY RESOURCES PVT LTD 100 Company
Street : P.O. BOX 957
OFFSHORE INCORPORATIONS CENTRE
ROAD TOWN
Town : TORTOLA
Postcode : -
Country : Virgin Islands (British)
HOLDING COMPANY
VALENCY RESOURCES PVT LTD UF45844E %: 100
SUBSIDIARY (IES)
No Participation In Our Database
PAYMENT HISTORY AND
EXPERIENCES
Trade Morality : UNKNOWN
Liquidity : UNKNOWN
Payments : UNKNOWN
Trend : UNKNOWN
Financial
Situation : UNKNOWN
FINANCIAL COMMENTS
NEWLY-SET UP
COMPANY
SUBJECT
BEING NEWLY INCORPORATED AND HAS YET TO FILE IN ITS FIRST SET OF ACCOUNTS. A
NEWLY
INCORPORATED COMPANY HAS UP TO 18 MONTHS FROM THE DATE OF INCORPORATION
TO FILE IN ITS FIRST SET OF ACCOUNTS.
BACKGROUND/OPERATION
THE COMPANY WAS
INCORPORATED IN THE REPUBLIC OF SINGAPORE ON 06/02/2007 AS A LIMITED PRIVATE
COMPANY AND IS TRADING UNDER ITS PRESENT NAMESTYLE AS "VALENCY
INTERNATIONAL TRADING PTE. LTD.".
AS AT 02/04/2007, THE COMPANY HAS AN ISSUED AND PAID-UP CAPITAL OF 100 SHARES, OF A VALUE OF US$1,000.
PRINCIPAL ACTIVITIES:
SUBJECT IS REGISTERED WITH THE ACCOUNTING AND CORPORATE REGULATORY
AUTHORITY (ACRA) TO BE PRINCIPALLY ENGAGED IN THE BUSINESS OF:
1) GENERAL WHOLESALE TRADE (INCLUDING GENERAL IMPORTERS AND EXPORTERS)
2) WHOLESALE ON A FEE OR CONTRACT BASIS (EG COMMISSION AGENCIES)
THE COMPANY IS NOT LISTED IN THE LOCAL DIRECTORIES.
NO TELE-INTERVIEW WAS CONDUCTED ON 09/04/2007 AS SUBJECT'S CONTACT DETAILS ARE NOT AVAILABLE. WE TRIED CALLING THE DIRECTOR'S CONTACT INFORMATION BUT TO NO AVAIL.
REGISTERED AND BUSINESS ADDRESS:
1 NORTH BRIDGE ROAD
#23-01 HIGH STREET CENTRE
SINGAPORE 179094
DATE OF CHANGE OF ADDRESS: 06/02/2007
PREMISE OWNED BY: SAW EE SIM
ADDRESS PROVIDED BY CLIENT:
317 BUKIT TIMAH ROAD
#07-321
CITY TOWER
SINGAPORE 259711
- DIRECTOR'S RESIDENCE
WEBSITE: -
EMAIL: -
MANAGEMENT
THE DIRECTOR AT THE TIME OF THIS REPORT IS:
1) BASBA NAND BALODI, A SINGAPORE PERMANENT RESIDENT
- HOLDS NO
OTHER DIRECTORSHIPS AS RECORDED IN OUR DATABASE.
ADVERSE ON DIRECTORS
DIRECTOR'S NAME: BASBA NAND BALODI
ADVERSE REPORT AGAINST DIRECTOR: NIL
PROPERTY OWNERSHIP: NIL
ANNUAL VALUE: NA
CO-OWNER(S): NA
ANNUAL VALUE IS THE ESTIMATED ANNUAL RENT THE PROPERTY CAN FETCH IF IT WERE RENTED OUT. THE ANNUAL VALUE IS DETERMINED IN THE SAME MANNER REGARDLESS OF WHETHER THE PROPERTY IS LET-OUT, OWNER-OCCUPIED OR VACANT.
SINGAPORE'S COUNTRY RATING 2006
RATING: A1
INVESTMENT GRADE
IN SINGAPORE, THE POLITICAL SITUATION APPEARS TO BE VERY STABLE.
ECONOMIC GROWTH IS BECOMING MORE MODERATE AS INVESTMENT
HAS BEEN FLAT DUE TO INCREASING OIL PRICES AND LESS BUOYANT DEMAND
FOR ELECTRONIC PRODUCTS.
ECONOMIC PERFORMANCE HAS REMAINED STRONG, UNDERPINNED BY PHARMACEUTICALS AND SERVICES. EXPORTS HAS BENEFITED FROM THE STEADINESS OF DEMAND FROM ITS MAIN TRADING PARTNERS, MALAYSIA, THE UNITED STATES, CHINA AND HONG KONG. OTHER THAN ITS BALANCED PUBLIC SECTOR ACCOUNTS, LIMITED FOREIGN DEBT AND COMFORTABLE FOREIGN CURRENCY RESERVES HAVE CONTRIBUTED TO SINGAPORE'S STRONG FINANCIAL CONDITION.
AS THE ELECTRONICS SECTOR FACES COMPETITION FROM THE
ASIAN ECONOMIES, SINGAPORE HAS BEEN PURSUING DIVERSIFICATION
STRATEGY THAT HAS BEEN CONSOLIDATING ITS POSITION. PHARMACEUTICALS
ALREADY REPRESENT 10% OF EXPORTS IN COMPARATIVE TO ITS INSIGNIFICANT
CONTRIBUTION IN YEAR 1995. ELECTRONICS SECTOR SECTOR'S SHARE HAS
DECLINED FROM 80% TO 60% DURING THE SAME PERIOD. THERE IS HIGH
RELIANCE ON DEVELOPMENT OF PETROCHEMICAL PRODUCTS, HIGH VALUE-ADDED SERVICES
AND BIOTECHNOLOGIES.
ASSETS
* ONE OF THE MOST OPEN ECONOMIES IN THE WORLD WITH EXPORTS PLAYING A MAJOR ROLE IN ITS PERFORMANCE.
* ONE OF ASIA'S MOST ADVANCED COUNTRIES IN QUALITY COMPETITIVENESS TERMS.
* WORKFORCE'S EDUCATION AND SKILL LEVEL IS VERY HIGH.
* A MAJOR EXPORT OF CAPITAL IN ASIA, PARTICULARLY THE STATE-OWNED HOLDING COMPANY, TEMASEK.
* THE BUSINESS ENVIRONMENT HAS BEEN VERY FAVOURABLE.
* GREAT POLITICAL STABILITY.
WEAKNESSES
* ECONOMY REMAINED OVERSPECIALISED IN THE ELECTRONICS SECTOR.
* MUST ACCELERATE DIVERSIFICATION IN SERVICES TO
MAINTAIN ITS LEAD OVER OTHER ASIAN
ECONOMIES
* REFORMS ARE STILL NEEDED TO FOSTER INNOVATION AND EDUCATION-SYSTEM MODERNIZATION.
* AGING POPULATION COULD ULTIMATELY AFFECT ECONOMIC PERFORMANCE.
WHOLESALE AND RETAIL TRADE SECTOR
PAST PERFORMANCE
DOMESTIC WHOLESALE TRADE INDEX
DOMESTIC
WHOLESALE TRADE IN 4Q 2006 HAS DECLINED BY 6.9%. EXCLUDING PETROLEUM, DOMESTIC
SALES REMAINED AT SIMILAR LEVEL COMPARED TO THE PREVIOUS QUARTER.
GENERAL
WHOLESALE TRADE POSTED THE LARGEST SALES DECREASE OF 16.6%, FOLLOWED BY THE
SECTORS OF PETROLEUM AND PETROLEUM PRODUCTS OF 15.7% AND HOUSEHOLD EQUIPMENT
AND FURNITURE OF 13.2%.
SECTORS OF
INDUSTRIAL AND CONSTRUCTION MACHINERY AND ELECTRONIC COMPONENTS REGISTERED
GROWTHS OF 17.0% AND 12.3%, RESPECTIVELY.
FOREIGN WHOLESALE TRADE INDEX
ON A
QUARTER-TO-QUARTER BASIS, OVERALL FOREIGN WHOLESALE TRADE CONTRACTED BY 7.9% IN
4Q 2006 AFTER TWO QUARTERS OF POSITIVE GROWTH. FOREIGN SALES WENT DOWN BY 1.6%,
EXCLUDING PETROLEUM.
THE SECTORS
OF PETROLEUM AND PETROLEUM PRODUCTS AND ELECTRONIC COMPONENTS MARKED LOWER
OVERSEAS SALE OF 14.2% AND 11.6% RESPECTIVELY IN 4Q 2006 OVER 3Q 2006.
RETAIL TRADE
IN GENERAL,
RETAIL SALES GREW BY 7.9% IN 4Q 2006, UP FROM THE 5.2% IN THE PREVIOUS QUARTER.
THIS BROUGHT FULL YEAR GROWTH FOR 2006 TO 6.9%, DOWN FROM 9.0% IN 2005.
EXCLUDING MOTOR VEHICLE SALES, RETAIL SALES ROSE 4.1%, SLOWING FROM THE 7.2%
GAIN IN THE PREVIOUS YEAR.
MOST RETAIL
SECTORS REPORTED BRISK BUSINESS IN DEC. 2006. SALES OF RECREATIONAL GOODS,
DEPARTMENT STORES, WEARING APPAREL AND FOOTWEAR, FURNITURE AND HOUSEHOLD
EQUIPMENT, WATCHES AND JEWELLERY CLIMBED BY 36.6% TO 44.2% IN DEC. 2006
COMPARED TO THE PREVIOUS MONTH.
LIKEWISE,
RETAILERS OF OPTICAL GOODS AND BOOKS, TELECOMMUNICATIONS APPARATUS AND
COMPUTERS, FOOD AND BEVERAGES, MEDICAL GOODS AND TOILETRIES AND SUPERMARKETS
ENJOYED GROWTH BETWEEN 12.7% TO 26.0%.
OUTLOOK
FOR
WHOLESALE TRADE, A NET WEIGHTED BALANCE OF 11% OF FIRMS ANTICIPATES BUSINESS TO
BE LESS BRISK FOR COMING MONTHS. THOSE DEALING IN JEWELLERY AND WATCHES,
INDUSTRIAL MACHINERY AND EQUIPMENT, TELECOMMUNICATIONS EQUIPMENT AND ELECTRONIC
COMPONENTS ARE AMONG THOSE WHO FORESEE SLOWER BUSINESS IN THE COMING MONTHS.
FOR
RETAILERS, A NET WEIGHTED BALANCE OF 8%, FORECAST THE BUSINESS CONDITIONS TO
IMPROVE IN THE NEXT SIX MONTHS. DEPARTMENT STORES OWNERS AND RETAILERS OF
FURNITURE AND FURNISHINGS ARE OPTIMISTIC ABOUT THE BUSINESS PROSPECTS.
EXTRACTED
FROM: MINISTRY OF TRADE AND INDUSTRY, SINGAPORE
SINGAPORE DEPARTMENT OF STATISTICS
TODAY
KEY TO FINANCIAL
& CREDIT RATING
(GUIDELINES FOR WITHOUT CREDIT REQUEST)
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ESTIMATED FINANCIAL RESOURCE |
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COMPOSITE CREDIT
APPRAISAL |
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SINGAPORE DOLLARS |
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STRONG |
STABLE |
FAIR |
LIMITED |
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5A |
50,000,001 |
& OVER |
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1 |
2 |
3 |
4 |
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4A |
10,000,001 |
50,000,000 |
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1 |
2 |
3 |
4 |
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3A |
5,000,001 |
10,000,000 |
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1 |
2 |
3 |
4 |
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2A |
1,000,001 |
5,000,000 |
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1 |
2 |
3 |
4 |
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1A |
600,001 |
1,000,000 |
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1 |
2 |
3 |
4 |
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BA |
300,001 |
600,000 |
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1 |
2 |
3 |
4 |
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BB |
100,001 |
300,000 |
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1 |
2 |
3 |
4 |
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CB |
50,001 |
100,000 |
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1 |
2 |
3 |
4 |
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CC |
25,001 |
50,000 |
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1 |
2 |
3 |
4 |
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DC |
10,001 |
25,000 |
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1 |
2 |
3 |
4 |
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DD |
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UP TO 10,000 |
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NR |
NO RATING |
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ESTIMATED
FINANCIAL RESOURCE
IN ESTIMATING THE FINANCIAL RESOURCE OF ANY COMPANY, THE QUALITY OF THE COMPANY’S ASSETS AS WELL AS THEIR CONVERTIBILITY INTO CASH OR LOANS ARE TAKEN INTO ACCOUNT. WEIGHTAGE IS GIVEN TO EACH ASSET DEPENDENT UPON QUALITY AND AVAILABILITY.
AN NR MEANS NO RATING DUE TO THE LACK OF FINANCIAL DATA UPON WHICH NO OPINION CAN BE FORMULATED.
WHILST ESTIMATED FINANCIAL RESOURCE GIVES AN INDICATION OF THE SIZE OF THE COMPANY, COMPOSITE CREDIT APPRAISAL PROVIDES AN INDICATION OF ITS CREDIT STANDING.
COMPOSITE CREDIT
APPRAISAL
THE COMPOSITE CREDIT APPRAISAL IS A RATING OF THE IMPORTANT ELEMENTS OF CREDITWORTHINESS, INCLUDING SALES/PROFITABILITY, PRESENT LIQUIDITY, PRESENT INDEBTEDNESS, SUPPLIERS’ RATING, BUSINESS TRENDS, FUTURE CASH FLOW AND THE GENERAL MARKET REPUTATION OF THE COMPANY. WEIGHTAGE IS ASSIGNED TO EACH FACTOR TO REFLECT THEIR RELATIVE IMPORTANCE IN THE SINGAPORE SITUATION.
AN NR FOLLOWING BY A COMPOSITE CREDIT RATING OF 1,2,3 OR 4 IS INDICATIVE OF A LACK OF FINANCIAL DATA: NEVERTHELESS, WE HAVE BEEN ABLE TO RATE THE COMPANY BASED SOLELY ON ITS GENERAL MARKET REPUTATION.
RATING EXPLANATIONS
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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>86 |
Aaa |
Possesses an extremely sound financial base with the strongest
capability for timely payment of interest and principal sums |
Unlimited |
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71-85 |
Aa |
Possesses adequate working capital. No caution needed for credit
transaction. It has above average (strong) capability for payment of interest
and principal sums |
Large |
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56-70 |
A |
Financial & operational base are regarded healthy. General
unfavourable factors will not cause fatal effect. Satisfactory capability for
payment of interest and principal sums |
Fairly Large |
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41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
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26-40 |
B |
Unfavourable & favourable factors carry similar weight in credit
consideration. Capability to overcome financial difficulties seems
comparatively below average/normal. |
Small |
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11-25 |
Ca |
Adverse factors are apparent. Repayment of interest and principal sums
in default or expected to be in default upon maturity |
Limited with
full security |
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<10 |
C |
Absolute credit risk exists. Caution needed to be exercised |
Credit not
recommended |
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NR |
In view of the lack of information, we have no basis upon which to
recommend credit dealings |
No Rating |
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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 and their relative weights (as indicated through %) are as
follows:
Financial
condition (40%) Ownership
background (20%) Payment
record (10%)
Credit history
(10%) Market trend
(10%) Operational
size (10%)