MIRA
INFORM REPORT
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Report Date : |
12.03.2007 |
IDENTIFICATION
DETAILS
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Name : |
YOG TRADING PTE. LTD. |
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Registered Office : |
21 Defu Lane 9,
Singapore - 539262 |
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Country : |
Singapore |
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Date of Incorporation : |
28/10/2005 |
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Com. Reg. No.: |
200515129N |
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Legal Form : |
Pte Ltd |
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Line of Business : |
Trading of Chemicals |
RATING &
COMMENTS
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MIRA’s Rating : |
B |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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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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Status : |
Small Company |
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Payment Behaviour : |
Unknown |
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Litigation : |
Clear |
Subject Company
YOG TRADING PTE. LTD.
Line Of
Business
TRADING OF CHEMICALS
Parent Company
YOG INTERNATIONAL PRIVATE LIMITED
(PERCENTAGE
OF SHAREHOLDING: 99.90%)
Financial Elements
Sales : -
Networth :
-
Paid-Up
Capital : S$40,770
Net result : -
Net Margin(%) : -
Return on Equity(%) : -
Leverage Ratio : -
COMPANY
IDENTIFICATION
Subject Company : YOG TRADING PTE. LTD.
Former Name :
-
Business Address : 21 DEFU LANE 9
Town :
SINGAPORE
Postcode : 539262
County :
-
Country :
Singapore
Telephone : 6288 7908
Fax :
6288 7908
ROC Number :
200515129N
Reg. Town : -
SUMMARY
All amounts in
this report are in : SGD
Legal Form :
Pte Ltd
Date Inc. :
28/10/2005
Previous Legal
Form :
-
Summary year :
-
Sales :
-
Paid-Up Capital :
40,770
Net Worth :
-
Employees :
-
Net Result :
-
Share value :
-
Auditor :
PARKER RANDALL
REFERENCES
Litigation :
No
Company status :
TRADING
Started :
28/10/2005
PRINCIPAL(S)
No principals recorded in our Database
DIRECTOR(S)
AMAR NATH
GUPTA F4444908 Director
Appointed on : 28/10/2005
Street : 123/1F,
KALPI ROAD
KANPUR
Town : UTTAR
PRADESH
Postcode : -
Country : India
AMIT AGARWAL F6350251 Director
Appointed on : 28/10/2005
Street : A-3 DELHI
RAJDHANI SOCIETY
IP EXT 80, PATPARGANJ
Town : DELHI
Postcode : -
Country : India
AVINASH
KHANDELWAL S2745300G Director
Appointed on : 28/10/2005
Street : 3 SIMEI
STREET 4
#03-02
SIMEI GREEN CONDOMINIUM
Town :
SINGAPORE
Postcode : 529862
Country : Singapore
ACTIVITY (IES)
IMPORTERS And
EXPORTERS Code: 11760
TRADING
COMPANIES Code: 22190
CHEMICALS Code: 3970
BASED ON ACRA'S
RECORD AS AT 06/03/2007
1) GENERAL
WHOLESALE TRADE (INCLUDING GENERAL IMPORTERS & EXPORTERS); IMPORT/EXPORT
& TRADING CHEMICALS & PLASTIC RAW
MATERIALS
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)
AMIT AGARWAL 1 Private Person
Street : FLAT NO
202, SAI SIDDHI CHS
PLOT NO 220, 11TH RD, CHEMBUR
MAHARASTRA
Town : MUMBAI
Postcode : -
Country : India
AMAR NATH
GUPTA
1 Private Person
Street : 123/1F,
KALPI ROAD
KANPUR
Town : UTTAR
PRADESH
Postcode : -
Country : India
AMIT AGARWAL 1 Private Person
Street : A-3 DELHI
RAJDHANI SOCIETY
IP EXT 80,
PATPARGANJ
Town : DELHI
Postcode : -
Country : India
AVINASH
KHANDELWAL 1 Private
Person
Street : 3 SIMEI
STREET 4
#03-02
SIMEI GREEN
CONDOMINIUM
Town :
SINGAPORE
Postcode : 529862
Country : Singapore
YOG INTERNATIONAL
PRIVATE LIMITED 40,766 Company
Street : 123/1F
ANPURNA BHAWAN KALPI ROAD
FAZALGANJ, KANPUR
Town : UTTAR
PRADESH
Postcode : 208012
Country : India
HOLDING COMPANY
YOG INTERNATIONAL
PRIVATE LIMITED UF41574N % :
99.90
SUBSIDIARY (IES)
No Participation In Our Database
PAYMENT HISTORY AND
EXPERIENCES
Trade Morality : AVERAGE
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.
* SUBJECT HAS YET
TO FILE IN ITS FIRST SET OF ACCOUNTS.
BACKGROUND/OPERATION
THE COMPANY WAS INCORPORATED
IN THE REPUBLIC OF SINGAPORE ON 28/10/2005 AS A LIMITED PRIVATE COMPANY AND IS
TRADING UNDER ITS PRESENT NAMESTYLE AS "YOG TRADING PTE. LTD.".
AS AT 06/03/2007,
SUBJECT HAS AN ISSUED AND PAID-UP CAPITAL OF 40,770 SHARES OF A VALUE OF
S$40,770.
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
& TRADING CHEMICALS & PLASTIC RAW
MATERIALS
FROM THE RESEARCH
CONDUCTED, THE FOLLOWING INFORMATION WAS GATHERED:
SUBJECT IS LISTED
IN THE SINGAPORE LOCAL DIRECTORY UNDER THE CLASSIFICATION OF: CHEMICALS.
SUBJECT ENGAGES IN
THE FOLLOWING ACTIVITY:
* IMPORTERS OF ALL
KINDS OF SPENT AND SURPLUS PETROCHEMICALS AND SOLVENTS.
PRODUCTS:
* TOLUENEL,
BENZENE, XYLENE,DOP,EVA, PVC RESIN, IPA, GLYCERINE, PROPYLENE GLYCOL, MALEIC
ANHYDRIDE, GUM ROSIN ETC
NO TRADE
INFORMATION WAS GATHERED VIA THE TELE-INTERVIEW CONDUCTED. SUBJECT WAS ONLY WILLING TO VERIFY THE
BUSINESS ADDRESS AND CONTACT NUMBERS.
REGISTERED AND
BUSINESS ADDRESS:
21 DEFU LANE 9
SINGAPORE 539262
DATE OF CHANGE OF
ADDRESS: 01/02/2007
YOUR PROVIDED
ADDRESS:
111 NORTH BRIDGE
ROAD
#16-04
PENINSULA PLAZE
SINGAPORE 179098
-- OLD REGISTERED
ADDRESS
WEBSITE:
* NA
EMAIL:
*
avinashkh@hotmail.com
MANAGEMENT
THE DIRECTORS AT
THE TIME OF THIS REPORT ARE:
1) AMAR NATH
GUPTA, AN INDIAN
- BASED IN INDIA
2) AMIT AGARWAL,
AN INDIAN
- BASED IN INDIA
3) AVINASH
KHANDELWAL, A SINGAPORE PERMENENT RESIDENT
- HOLDS NO OTHER DIRECTORSHIP AS RECORDED
IN OUR DATABASE
ADVERSE ON DIRECTORS
DIRECTOR'S NAME:
AVINASH KHANDELWAL
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'S COUNTRY
RATING 2006
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
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ONE OF THE MOST OPEN ECONOMIES IN THE WORLD WITH EXPORTS PLAYING A MAJOR
ROLE IN ITS PERFORMANCE.
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ONE OF ASIA'S MOST ADVANCED COUNTRIES IN QUALITY COMPETITIVENESS TERMS.
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WORKFORCE'S EDUCATION AND SKILL LEVEL IS VERY HIGH.
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A MAJOR EXPORT OF CAPITAL IN ASIA, PARTICULARLY THE STATE-OWNED HOLDING
COMPANY, TEMASEK.
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THE BUSINESS ENVIRONMENT HAS BEEN VERY FAVOURABLE.
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GREAT POLITICAL STABILITY.
WEAKNESSES
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ECONOMY REMAINED OVERSPECIALISED IN THE ELECTRONICS SECTOR.
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MUST ACCELERATE DIVERSIFICATION IN SERVICES TO MAINTAIN ITS LEAD OVER
OTHER ASIAN ECONOMIES
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REFORMS ARE STILL NEEDED TO FOSTER INNOVATION AND EDUCATION-SYSTEM
MODERNIZATION.
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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
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%)