MIRA
INFORM REPORT
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Report Date : |
3rd
January, 2007 |
IDENTIFICATION
DETAILS
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Name : |
TARSAN
INTERNATIONAL PTE. LTD. |
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Registered Office : |
54 Genting Lane, #06-01, Ruby Land Complex,
Singapore 349562, Singapore |
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Country : |
Singapore |
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Date of Incorporation : |
06.06.2006 |
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Legal Form : |
Exempt Pte Ltd |
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Line of Business : |
Trading of Scrap Metals |
RATING & COMMENTS
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MIRA’s Rating : |
NR (No
Rating) |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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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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Status : |
New
Company |
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Payment Behaviour : |
Unknown |
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Litigation : |
-- |
Company
TARSAN
INTERNATIONAL PTE. LTD.
Line Of Business
TRADING OF SCRAP METALS
Parent Company
-
Financial Elements
Sales : -
Networth :
-
Paid-Up Capital : S$50,000
Net result : -
Net
Margin(%) : -
Return on Equity(%) : -
Leverage Ratio : -
Rating
Credit Requested : -
Credit Rating : NR
Credit Opinion : -
BUSINESS INFORMATION REPORT
COMPANY IDENTIFICATION
Subject Company :
TARSAN INTERNATIONAL PTE. LTD.
Former Name :
-
Business Address :
54 GENTING LANE, #06-01, RUBY LAND COMPLEX
Town :
SINGAPORE
Postcode :
349562
County :
-
Country :
Singapore
Telephone :
6743 4633
Fax :
6743 1433
ROC Number :
200608177K
Reg. Town :
-
SUMMARY
All amounts in this report are in: SGD unless
otherwise stated
Legal Form :
Exempt Pte Ltd
Date Inc. :
06/06/2006
Previous Legal Form :
-
Summary year :
-
Sales :
-
Net Worth :
-
Capital :
-
Paid-Up Capital :
50,000
Employees :
2
Net result :
-
Share value :
-
Auditor :
NIL
REFERENCES
CCMS Number :
702005088413
Report Date :
03/01/2007
28060
Update Date :
03/01/2007
Credit Requested :
-
Credit Opinion :
-
Credit Rating :
NR
Litigation :
No
Company status :
TRADING
Started :
06/06/2006
PRINCIPAL(S)
VANGOOR GOVINDARAJAN BALACHANDER S6879076Z Director
DIRECTOR(S)
VANGOOR GOVINDARAJAN BALACHANDER S6879076Z Director
Appointed on :
06/06/2006
Street :
317B ANCHORVALE ROAD, #16-242
Town :
SINGAPORE
Postcode :
542317
Country :
Singapore
VANGOOR GOVINDARAJAN BALACHANDER S6879076Z Company Secretary
Appointed on :
06/06/2006
Street :
317B ANCHORVALE ROAD, #16-242
Town :
SINGAPORE
Postcode :
542317
Country :
Singapore
MUDALIAR SUBRAMANIAN SHANTI S7275220A Director
Appointed on :
06/06/2006
Street :
317B ANCHORVALE ROAD, #16-242
Town :
SINGAPORE
Postcode :
542317
Country :
Singapore
ACTIVITY(IES)
IMPORTERS And EXPORTERS Code:11760
SCRAP METALS
Code:19045
BASED ON ACRA'S RECORD AS AT 28/12/2006
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
BANKERS
No
Banker Information In Our Database
SHAREHOLDERS(S)
VANGOOR GOVINDARAJAN BALACHANDER 40,000 Private Person
Street :
317B ANCHORVALE ROAD, #16-242
Town :
SINGAPORE
Postcode :
542317
Country :
Singapore
MUDALIAR SUBRAMANIAN SHANTI 10,000 Private Person
Street :
317B ANCHORVALE ROAD, #16-242
Town :
SINGAPORE
Postcode :
542317
Country :
Singapore
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-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.
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 REPUBLIC OF SINGAPORE ON 06/06/2006 AS A LIMITED EXEMPT PRIVATE
COMPANY AND IS TRADING UNDER THE PRESENT NAMESTYLE OF "TARSAN
INTERNATIONAL PTE. LTD.".
AS AT 28/12/2006, THE COMPANY HAS AN ISSUED AND PAID-UP CAPITAL OF 50,000 SHARES, OF A VALUE OF S$50,000.
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 & EXPORTERS)
2) WHOLESALE ON A FEE OR CONTRACT BASIS (EG COMMISSION AGENCIES)
FROM THE RESEARCH DONE, THE FOLLOWING INFORMATION WAS GATHERED:
ACTIVITIES
- TRADING OF VARIOUS CONSUMER PRODUCTS
- BUYING FOLLOWING SCRAP MATERIALS REGULARLY ON EVERY MONTH BASIS IN CONTAINER
LOADS FOR THE ASSOCIATE FACTORIES IN SOUTH EAST ASIA TO MEET THE MONTHLY DEMAND
FOR THE PRODUCTION OF STEEL HMS, LMS, SHREDDED, BUNDLES, PUNCHING SCRAP, USED
RAILS, PLATE CUTTINGS, P&SF
PRODUCTS
- HEALTHCARE PRODUCTS
- CHILDREN TOYS
- MEDICAL EQUIPMENTS
- AEROSOL PACKING
- PHARMACEUTICAL PACKING MATLS
MARKET PRESENCE
- INDIA AND CHINA
ACCORDING TO THE TELE-INTERVIEW CONDUCTED ON 03/01/2007, THE FOLLOWING INFORMATION WAS GATHERED:
ACTIVITIES
- TRADING OF VARIOUS SCRAP METALS
NUMBER OF EMPLOYEES
- 2
MARKET PRESENCE
- SINGAPORE, INDIA, CHINA, VIETNAM, BANGLADESH AND SRI LANKA
TERMS OF PAYMENT
- CUSTOMERS: LETTERS OF CREDIT; ON SIGHT
NO OTHER TRADE INFORMATION WAS MADE AVAILABLE VIA THE TELE-INTERVIEW.
REGISTERED AND BUSINESS ADDRESS:
54 GENTING LANE
#06-01
RUBY LAND COMPLEX
SINGAPORE 349562
DATE OF CHANGE OF ADDRESS: 06/06/2006
- RENTED PREMISE
- OWNED BY: RUBY LAND PTE LTD
WEBSITE:
NIL
EMAIL:
bala@tarsanintl.com
MANAGEMENT
THE DIRECTORS AT THE TIME OF THIS REPORT ARE:
1) VANGOOR GOVINDARAJAN BALACHANDER, A SINGAPOREAN
- HOLDS NO OTHER DIRECTORSHIPS AS RECORDED IN OUR DATABASE.
2) MUDALIAR SUBRAMANIAN SHANTI, A SINGAPORE PERMANENT RESIDENT
- HOLDS NO OTHER DIRECTORSHIPS AS RECORDED IN OUR DATABASE.
ADVERSE ON DIRECTORS
DIRECTOR'S NAME :
VANGOOR GOVINDARAJAN BALACHANDER ADVERSE
REPORT AGAINST DIRECTOR :
NIL
PROPERTY OWNERSHIP : OWNS 1
ANNUAL VALUE :
S$6,180
CO-OWNER (S) :
MUDALIAR SUBRAMANIAN SHANTI
DIRECTOR'S NAME :
MUDALIAR SUBRAMANIAN SHANTI
ADVERSE REPORT AGAINST DIRECTOR :
NIL
PROPERTY OWNERSHIP :
OWNS 1
ANNUAL VALUE :
S$6,180
CO-OWNER (S) :
VANGOOR GOVINDARAJAN BALACHANDER
*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.
SOURCES: COFACE
COPYRIGHT. ALL RIGHTS RESERVED.
WHOLESALE AND RETAIL TRADE
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.
WHOLESALE TRADE
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 BY 14.2%
OVER THE SAME PERIOD LAST YEAR.
AT CONSTANT PRICES, THE OVERALL INDEX DECLINED BY 4.4% IN 1Q2006 OVER
1Q2005, MAINLY DUE TO
LOWER ACTIVITY IN CHEMICAL AND PETROLEUM SECTORS. EXCLUDING PETROLEUM,
IT WAS 7.9% HIGHER THAN A YEAR AGO.
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%.
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%.
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%.
THE MAJOR SECTORS MOSTLY POSTED LOWER FOREIGN SALES WITH THE EXCEPTION
OF TELECOMMUNICATIONS
& COMPUTERS SECTOR IN 1Q2006. THE HOUSEHOLD EQUIPMENT & FURNITURE,
FOOD, BEVERAGES & TOBACCO SECTOR ALL REPORTED DECLINE IN TURNOVER OF MORE
THAN 17% IN THE FIRST QUARTER OF 2006 OVER 4Q2005.
RETAIL TRADE
RETAIL SALES CHALKED UP 8.0% GROWTH IN 1Q2006, FELLING MARGINALLY FROM
THE 8.2% GROWTH IN 4Q2005.
SALES OF MOTOR VEHICLES ROSE BY 10% IN 1Q2006, HIGHER THAN THE 8.5%
GAIN IN THE LAST QUARTER. EXCLUDING MOTOR VEHICLES, RETAIL SALES MODERATED
TO 5.2% GROWTH, SLOWER THAN THE 7.8% RISE IN 4Q2005.
ALL THE MAJOR SEGMENTS RECORDED GROWTH IN 1Q2006 OVER 1Q2005, WITH
GROWTH RANGING FROM 1.6%
TO 18%. THE SEGMENTS WERE TELECOMMUNICATIONS AND COMPUTERS, FOOD AND
BEVERAGES, WEARING APPAREL AND FOOTWEAR, OPTICAL GOODS AND BOOKS, PROVISION
AND SUNDRY SHOPS, DEPARTMENT STORES, SUPERMARKETS, MEDICAL GOODS AND TOILETRIES,
RECREATIONAL GOODS, FURNITURE AND HOUSEHOLD EQUIPMENT, WATCHES AND JEWELLERY,
AND PETROL SERVICE STATIONS.
A ROSY OUTLOOK FOR RETAILERS
RETAIL SALES IN SINGAPORE ROSE IN JUNE FOR THE 16TH STRAIGHT MONTH AS AN IMPROVING JOB MARKET AND A RISE IN TOURIST
ARRIVALS INCREASED CONSUMER SPENDING.
THE RETAIL SALES INDEX GREW BY 5.1% FROM A YEAR EARLIER AFTER EXPANDING
BY 13.1% IN MAY. EXCLUDING
MOTOR VEHICLES, RETAIL SALES GREW BY 7.8%.
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.
RETAILERS ALSO FORECAST BETTER BUSINESS SENTIMENTS FOR THE COMING MONTHS
ENDING DECEMBER 2006,
WITH A NET BALANCE OF 22%, ESPECIALLY DEPARTMENT STORES AND RETAILERS
OF WEARING APPAREL AND FURNITURE & FURNISHINGS EXPECTING A POSITIVE BUSINESS
OUTLOOK FROM THE YEAR-END FESTIVE SHOPPING.
EXTRACTED FROM: MINISTRY OF TRADE AND INDUSTRY, SINGAPORE
SINGAPORE DEPARTMENT OF STATISTICS
TODAY
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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