MIRA
INFORM REPORT
|
Report Date : |
30.07.2007 |
IDENTIFICATION DETAILS
|
Name : |
D.S.M.
DIAMONDS PTE. LTD. |
|
|
|
|
Registered Office : |
14 |
|
|
|
|
Country : |
|
|
|
|
|
Date of Incorporation : |
16.03.2006 |
|
|
|
|
Legal Form : |
Exempt Pte Ltd |
|
|
|
|
Line of Business : |
Wholesale of Diamonds. |
RATING & COMMENTS
|
MIRA’s Rating : |
Ca |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
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 |
|
Status : |
Small/
Unknown Company |
|
|
|
|
Payment Behaviour : |
Unknown |
|
|
|
|
Litigation : |
Clear |
Company Name
D.S.M. DIAMONDS PTE. LTD.
Line Of Business
WHOLESALE OF DIAMONDS
Parent Company
-
Financial Elements
Sales : -
Networth : -
Paid-Up Capital :
S$500
Net result :
-
Net
Margin(%) : -
Return on Equity(%) :
-
Leverage Ratio : -
BUSINESS INFORMATION REPORT
COMPANY IDENTIFICATION
Subject Company : D.S.M. DIAMONDS PTE. LTD.
Former Name : D.M.S. DIAMONDS PTE LTD
Business Address :
14
Town :
Postcode : 439960
County : -
Country :
Telephone : 6440 9091
Fax : 6440 9190
ROC Number : 200603731Z
PREVIOUS IDENTIFICATION
D.M.S. DIAMONDS PTE LTD (DATE
OF CHANGE OF NAME :
24/03/2006)
SUMMARY
All amounts in this report are in : SGD
Legal Form : Exempt Pte Ltd
Date Inc. : 16/03/2006
Previous Legal Form : -
Summary year : -
Sales : -
Paid-Up Capital : 500
Net Worth : -
Employees : -
Net Result : -
Auditor : NIL
REFERENCES
CCMS Number : 702005090834
Report Date : 26/01/2007
Update Date : 25/01/2007
Credit Requested : -
Credit Opinion : -
Litigation : No
Company status : TRADING
Started : 16/03/2006
PRINCIPAL(S)
MANOJ KANJI MEHTA S2721108I
Director
DIRECTOR(S)
MANOJ KANJI MEHTA S2721108I Director
Appointed on : 16/03/2006
Street :
14
Town :
Postcode : 439960
Country :
PADMA MANOJ MEHTA S7160648A Company Secretary
Appointed on : 31/05/2006
Street :
14
Town :
Postcode : 439960
Country :
ACTIVITY (IES)
IMPORTERS And EXPORTERS Code: 11760
GOLD, SILVER And PLATINUM DEALERS Code: 10540
BASED ON ACRA'S
1) GENERAL WHOLESALE TRADE (INCLUDING GENERAL IMPORTERS & EXPORTERS);
IMPORT & EXPORT IN GOLD AND SILVER JEWELLERY, DIAMONDS & WATCHES
CHARGES
No Charges On Premises/Property In Our Database
PREMISES/PROPERTY INFORMATIONS
No Premises/Property Information In Our Databases
BANKERS
No Bankers’ Information In Our Databases
SHAREHOLDERS(S)
MANOJ KANJI MEHTA 500 Private Person
Street :
14
Town :
Postcode : 439960
Country :
SUBSIDIARY (IES)
No Participation In Our Database
PAYMENT HISTORY AND EXPERIENCES
Trade Morality : UNKNOWN
Liquidity : UNKNOWN
Payments : UNKNOWN
Trend : UNKNOWN
Financial Situation : UNKNOWN
LITIGATION(S)
No Litigation In Our Database
FINANCIAL COMMENTS
NEWLY-SETUP
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.
LIMITED
EXEMPT PRIVATE COMPANY
WHERE THE SHARES OF A PRIVATE
COMPANY ARE NOT OWNED BY ANY CORPORATE BODY AND THERE ARE NO MORE THAN 20 MEMBERS, THE
PRIVATE COMPANY IS KNOWN AS AN EXEMPT PRIVATE COMPANY.
AN EXEMPT PRIVATE COMPANY ENJOYS
A GREATER AMOUNT OF PRIVACY THAN A PRIVATE COMPANY. IT IS NOT REQUIRED TO FILE ACCOUNTS
WITH THE REGISTRAR IF IT CAN PRODUCE A CERTIFICATE SIGNED BY ONE OF
ITS DIRECTORS, SECRETARY AND AUDITOR CONFIRMING THE FOLLOWING
POINTS:
1. THE COMPANY IS AN EXEMPT
PRIVATE COMPANY.
2. THE AUDITED ACCOUNTS HAVE
BEEN TABLED BEFORE THE SHAREHOLDERS
AT THE ANNUAL GENERAL MEETING.
3. THE COMPANY IS ABLE TO MEET
ITS LIABILITIES.
THERE IS THEREFORE NO DISCLOSURE
TO THE PUBLIC OF THE ACCOUNTS OF THE COMPANY ALTHOUGH THE ACCOUNTS STILL HAVE TO BE
AUDITED EVERY YEAR AND APPROVED AT AN ANNUAL GENERAL MEETING OF THE
COMPANY.
A PRIVATE COMPANY THAT IS WHOLLY
OWNED BY THE GOVERNMENT MAY BECOME AN EXEMPT PRIVATE COMPANY IF THE MINISTER FOR
FINANCE, IN THE NATIONAL INTEREST, DECLARES IT TO BE SUCH BY A
GAZETTE NOTIFICATION.
EXEMPT FROM AUDIT
AN EXEMPT PRIVATE COMPANY IS
EXEMPT FROM AUDIT REQUIREMENTS IF THE STARTING DATE OF ITS FINANCIAL YEAR IS BETWEEN 15 MAY
2003 AND 31 MAY 2004 AND ITS TURNOVER FOR THAT FINANCIAL YEAR DOES
NOT EXCEED $2.5 MILLION. FOR FINANCIAL YEARS STARTING 1 JUNE 2004, THE
AMOUNT OF THE TURNOVER HAS BEEN RAISED TO $5 MILLION. THESE
COMPANIES ARE STILL REQUIRED TO MAINTAIN PROPER ACCOUNTING.
BACKGROUND/OPERATION
THE COMPANY WAS INCORPORATED IN
THE
SUBSEQUENTLY ON 24/03/2006,
SUBJECT CHANGED TO ITS PRESENT NAMESTYLE OF "D.S.M. DIAMONDS PTE. LTD.".
AS AT 22/01/2007, SUBJECT HAS AN
ISSUED AND PAID-UP CAPITAL OF 500 SHARES OF A VALUE OF S$500.
PRINCIPAL
ACTIVITIES:
SUBJECT IS REGISTERED WITH THE
ACCOUNTING & CORPORATE REGULATORY AUTHORITY (ACRA) TO BE PRINCIPALLY ENGAGED IN THE
BUSINESS OF:
1) GENERAL WHOLESALE TRADE
(INCLUDING GENERAL IMPORTERS & EXPORTERS);
IMPORT & EXPORT IN GOLD AND
SILVER JEWELLERY, DIAMONDS & WATCHES
FROM THE RESEARCH CONDUCTED, THE
FOLLOWING INFORMATION WAS GATHERED:
SUBJECT IS LISTED IN THE
NO OTHER INFORMATION WAS
GATHERED AS A TELE-INTERVIEW REQUEST WAS DENIED ON 25/01/2007.
REGISTERED
AND BUSINESS ADDRESS:
14
#16-04
AMBER PARK
DATE OF CHANGE OF ADDRESS:
20/05/2006
-- RENTED PREMISE
-- PREMISE OWNED BY: CHEN MUN
& HAH KWAI FUN
WEBSITE:
* http://www.dsmdiamonds.com
(UNDER CONSTRUCTION)
EMAIL:
* dsmdiamonds@gmail.com
MANAGEMENT
THE DIRECTORS AT THE TIME OF
THIS REPORT ARE:
1) MANOJ KANJI MEHTA, A
- HOLDS NO OTHER DIRECTORSHIP AS
RECORDED IN OUR DATABASE
ADVERSE ON DIRECTORS
DIRECTOR'S NAME :
MANOJ KANJI MEHTA
ADVERSE REPORT AGAINST DIRECTOR : NIL
PROPERTY OWNERSHIP :
NIL
ANNUAL VALUE :
NA
CO-OWNER :
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
RATING: A1
INVESTMENT
GRADE
IN
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,
AS THE ELECTRONICS SECTOR FACES COMPETITION FROM THE ASIAN
ECONOMIES,
ASSETS
- ONE OF THE MOST OPEN ECONOMIES IN THE WORLD WITH EXPORTS
PLAYING A MAJOR
ROLE IN ITS PERFORMANCE.
- ONE OF
- WORKFORCE'S EDUCATION AND SKILL LEVEL IS VERY HIGH.
- A MAJOR EXPORT OF CAPITAL IN
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.
VERY BAD PAYMENT RECORD.
WHOLESALE TRADE SECTOR
PAST
PERFORMANCE
WITH THE GROWTH IN NON-OIL RE-EXPORTS AND THE RISE IN RETAIL
SALES, THE WHOLESALE AND RETAIL TRADE SECTOR GREW BY A ROBUST 15% IN 1Q2006, UP
FROM THE 12% GAIN IN 4Q2005.
DOMESTIC
WHOLESALE TRADE INDEX
FOLLOWING SEVEN QUARTERS OF DOUBLE-DIGIT GROWTH, THE OVERALL
DOMESTIC WHOLESALE TRADE INDEX MODERATED TO 7.5% IN 1Q2006. EXCLUDING
PETROLEUM, THE INDEX ROSE BY14.2% OVER THE SAME PERIOD LAST YEAR.
DOMESTIC SALES OF GENERAL WHOLESALE TRADE ROSE SUBSTANTIALLY
BY 61.6%.
ON A QUARTER-ON-QUARTER BASIS, THE OVERALL INDEX POSTED A
DECLINE OF 16.5%COMPARED TO 4Q2005. EXCLUDING PETROLEUM, THE INDEX WERE LOWER
BY 8.9%.
MOST OF THE MAJOR SECTORS REGISTERED SLOWER BUSINESS IN
1Q2006 WITH THE EXCEPTION OF TELECOMMUNICATIONS & COMPUTERS AND GENERAL
WHOLESALE TRADE.
FOREIGN
WHOLESALE TRADE INDEX
AS COMPARED TO 1Q2005, THE OVERALL FOREIGN WHOLESALE TRADE
IN 1Q2006 ROSE BY 15.4%. EXCLUDING PETROLUEM, THE INDEX EXPANDED BY 11.5%.
ON A YEAR-ON-YEAR BASIS, ELECTRONIC COMPONENTS GREW BY
22.8%, PETROLEUM & PETROLEUM PRODUCTS ROSE BY 20.3%, AND GENERAL WHOLESALE
TRADE GREW BY 18.7% IN 1Q2006.
AT CONSTANT PRICES, THE OVERALL INDEX ROSE MARGINALLY BY
0.9% IN 1Q2006 OVER A
YEAR AGO. EXCLUDING PETROLEUM, IT WAS UP BY 7.6%.
ON A QUARTER-ON-QUARTER BASIS, THE OVERALL INDEX POSTED A
DECLINE OF 9.4% FOLLOWING GROWTH FOR THREE CONSECUTIVE QUARTERS. EXCLUDING
PETROLEUM, THE INDEX WERE LOWER BY 8.6%.
AHEAD
WHOLESALERS PREDICTS POSITIVE BUSINESS CONDITIONS FOR THE
PERIOD ENDING DECEMBER 2006. THOSE DEALING IN FURNITURE & FURNISHINGS,
COSMETICS & TOILETRIES, JEWELLERY & WATCHES, HOUSEHOLD ELECTRICAL
APPLIANCES & EQUIPMENT, ELECTRONIC COMPONENTS, SCIENITIFIC & PRECISION
EQUIPMENT, ARE AMONG THOSE WHO ARE OPTIMISTIC ABOUT THE BUSINESS OUTLOOK AHEAD.
EXTRACTED FROM : MINISTRY OF TRADE AND
SINGAPORE DEPARTMENT OF STATISTICS
TODAY
RATING EXPLANATIONS
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
>86 |
Aaa |
Possesses an extremely sound financial base with the strongest
capability for timely payment of interest and principal sums |
Unlimited |
|
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 |
|
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 |
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
26-40 |
B |
Unfavourable & favourable factors carry similar weight in credit
consideration. Capability to overcome financial difficulties seems
comparatively below average/normal. |
Small |
|
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 |
|
<10 |
C |
Absolute credit risk exists. Caution needed to be exercised |
Credit not
recommended |
|
NR |
In view of the lack of information, we have no basis upon which to
recommend credit dealings |
No Rating |
|
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%)