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MIRA
INFORM REPORT
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Report Date : |
25.10.2007 |
IDENTIFICATION DETAILS
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Name : |
VINTEL EXPORTS (S) PTE. LTD. |
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Registered Office : |
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Country : |
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Date of Incorporation : |
31.07.2002 |
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Legal Form : |
Private Limited |
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Line of Business : |
Trading of Agrocommodities |
RATING & COMMENTS
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MIRA’s Rating : |
Ba |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
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Status : |
Satisfactory |
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Payment Behaviour : |
Regular |
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Litigation : |
Clear |
Company Name
VINTEL EXPORTS (S) PTE. LTD.
Line Of Business
TRADING OF AGROCOMMODITIES
Parent Company
-
Financial Elements
Sales : -
Networth : -
Paid-Up Capital : S$1,050,000
Net result : -
Net Margin(%) : -
Return on Equity(%) : -
Leverage Ratio : -
COMPANY IDENTIFICATION
Subject Company : VINTEL EXPORTS (S) PTE. LTD.
Former Name : -
Business Address :
Town :
Postcode : 069533
County : -
Country :
Telephone : 6223 1804
Fax : 6223 1659
ROC Number : 200206594N
SUMMARY
All amounts in this report are in: SGD unless otherwise stated
Legal Form : Exempt Pte Ltd
Date Inc. : 31/07/2002
Previous Legal Form : -
Summary year : -
Sales : -
Capital : -
Paid-Up Capital : 825,000
Employees : 2
Net result : -
Share value : -
AUDITOR : NITHYA KALYANI ASSOCIATES
REFERENCES
Litigation : No
Company status : TRADING
Started : 31/07/2002
PRINCIPAL(S)
JAIN PUNEET MANGERAM S7979498H Managing Director
DIRECTOR(S)
JAIN PUNEET MANGERAM S7979498H Director
Appointed on : 31/07/2002
Street :
Town :
Postcode : 079903
Country :
JAIN PUNEET MANGERAM S7979498H Managing Director
Appointed on : 03/09/2002
Street :
Town :
Postcode : 079903
Country :
MANGE RAM AGRAWAL 0992645 Director
Appointed on : 17/10/2002
Street :
Town :
Postcode : 079903
Country :
GANGADEVI MANGERAM JAIN B1811939 Director
Appointed on : 17/10/2002
Street :
Town :
Postcode : 079903
Country :
VIVEK MANGERAM JAIN Z1473377 Director
Appointed on : 31/07/2002
Street :
Town :
Postcode : 079903
Country :
LALIT RAJENDRA JAIN G5862223R Company Secretary
Appointed on : 01/03/2007
Street :
Town :
Postcode : 079903
Country :
FORMER DIRECTOR(S)
SRI MURALI S/O SINNOTHEI S1331899I
ACTIVITY(IES)
IMPORTERS And EXPORTERS Code:11760
INVESTMENT COMPANIES Code:12095
BASED ON ACRA'S
1.GENERAL WHOLESALE TRADE (INCLUDING GENERAL IMPORTERS & EXPORTERS)
2.OTHER INVESTMENT HOLDING COMPANIES
CHARGES
Date : 25/04/2005
Comments : CHARGE NO : C200502429
SECURED : 0.00 AND ALL MONIES OWING
CHARGEE : UNITED OVERSEAS BANK LTD
Date : 05/02/2003
Comments : CHARGE NO : C200300407,C200300392
SECURED : 0.00 AND ALL MONIES OWING
CHARGEE : BANK OF
Date : 19/09/2007
Comments : CHARGE NO: C200707766
AMOUNT SECURED : 0.00 AND ALL MONIES OWING
CHARGEE(S) : UNITED OVERSEAS BANK LIMITED
Date : 22/09/2006
Comments : CHARGE NO: C200606389
AMOUNT SECURED : 0.00 AND ALL MONIES OWING
CHARGEE(S) : UNITED OVERSEAS BANK LIMITED
PREMISES/PROPERTY INFORMATIONS
Date : 25/10/2007
Tax rate : 10
Site Address :
Town :
Postcode : 069533
Country :
Annual Value : 14,400
TAX RATE OF 4% MEANS THE ADDRESS (I.E RESIDENTIAL PROPERTY) IS OWNER OCCUPIED.
TAX RATE OF 10% MEANS THE ADDRESS (I.E RESIDENTIAL PROPERTY) IS PARTIALLY OR FULLY RENTED OUT BY THE OWNER/OWNED BY COMPANY.
FOR PROPERTIES OTHER THAN RESIDENTIAL PROPERTIES REGARDLESS RENTED OUT OR NOT, THE TAX RATE IS 10% (I.E INDUSTRIAL AND COMMERCIAL PROPERTY).
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.
BANKERS
BANK OF
UNITED OVERSEAS BANK LIMITED
SHAREHOLDERS(S)
JAIN PUNEET MANGERAM 800,000 Private Person
Street :
Town :
Postcode : 079903
Country :
VIVEK MANGERAM JAIN 250,000 Private Person
Street :
Town :
Postcode : 079903
Country :
SUBSIDIARY(IES)
No Participation In Our Database
PAYMENT HISTORY AND
EXPERIENCES
Trade Morality : AVERAGE
Liquidity : UNKNOWN
Payments : REGULAR
Trend : LEVEL
Financial Situation : UNKNOWN
FINANCIAL COMMENTS
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
AS AT 23/10/2007, THE COMPANY HAS ISSUED AND PAID-UP CAPITAL OF 1,050,000 SHARES OF A VALUE OF S$1,050,000.
PRINCIPAL ACTIVITIES:
SUBJECT IS REGISTERED WITH THE ACCOUNTING & CORPORATE REGULATORYAUTHORITY (ACRA) TO BE PRINCIPALLY ENGAGED IN THE BUSINESS OF:
1.GENERAL WHOLESALE TRADE (INCLUDING GENERAL IMPORTERS & EXPORTERS)
2.OTHER INVESTMENT HOLDING COMPANIES
FROM THE TELE-INTERVIEW CONDUCTED, THE FOLLOWING WAS GATHERED:
SUBJECT ENGAGES IN THE FOLLOWING ACTIVITIES:
TRADING OF AGROCOMMODITIES
PRODUCTS DEALINGS:
* BEANS
* YELLOW MAIZE
IMPORT COUNTRIES:
*
*
EXPORT COUNTRIES:
*
THE SUBJECT ONLY EXPORTS AND DOES NOT SELL LOCALLY.
NUMBER OF EMPLOYEES:
* 2007 - 2
NO OTHER TRADE INFORMATION IS AVAILABLE
REGISTERED AND BUSINESS ADDRESS:
#23-11
- OWNED PREMISE
- DATE OF CHANGE OF ADDRESS: 16/05/2005
WEBSITE:
http://www.vintelexports.com.sg (UNDER CONSTRUCTION)
EMAIL:
puneet@vintelexports.com.sg
MANAGEMENT
THE DIRECTORS AT THE TIME OF THE REPORT ARE:
MANGE RAM AGRAWAL, A NEPALESE
BASED IN
GANGADEVI MANGERAM JAIN, AN INDIAN
BASED IN
JAIN PUNEET MANGERAM, A
OTHER DIRECTORSHIP(S) IN OUR DATABASE:
ANANDA
INDO SINO TRADE PTE LTD
VIVEK MANGERAM JAIN, AN INDIAN
BASED IN
ADVERSE ON
DIRECTORS
DIRECTOR'S NAME: JAIN PUNEET MANGERAM
ADVERSE REPORT AGAINST DIRECTOR: NOT AVAILABLE FROM OUR DATABASE
PROPERTY OWNERSHIP: NIL
ANNUAL VALUE: N.A.
CO-OWNER (S): N.A.
ANNUAL VALUE IS THE ESTIMATED ANNUAL RENT THE PROPERTY CAN FETCH IFIT WERE RENTED OUT. THE ANNUAL VALUE IS DETERMINED IN THE SAME MANNER REGARDLESS OF WHETHER THE PROPERTY IS LET-OUT, OWNER-OCCUPIED OR VACANT.
Rating: A1
Investment Grade
IN
EXTERNAL ACCOUNTS HAVE REMAINED SUBSTANTIALLY IN SURPLUS, CONTRIBUTED
TO THE DYNAMISM OF THE ELECTRONICS AND PHARMACEUTICALS SECTORS AND TO
REPATRIATION OF PROFITS FROM
THE GOVERNMENT USES FOREIGN DIRECT INVESTMENT TO DEVELOP
PRIORITY SECTORS (ELECTRONICS, CHEMICALS, BIOTECHNOLOGY). THE AIM IS TO
ENCOURAGE THE GROWTH OF HIGH ADDED-VALUE ACTIVITIES AND TURN
CERTAIN SECTORS (MEDIA, LEGAL AND FINANCIAL SERVICES) ARE HOWEVER ONLY PARTIALLY OPEN TO FOREIGN INVESTMENT. THESE SECTORS ARE SLOWLY OPENING UP, BUT THE PROGRESS IS SLOW.
AFTER HIGH GROWTH IN 2006, BUOYED BY THE DYNAMISM OF BOTH EXPORTS AND HOUSEHOLD CONSUMPTION, A SLOWDOWN IS EXPECTED IN 2007.
ASSETS
MAJOR EXPORTER OF CAPITAL IN
HIGH QUALITY COMPETITIVENESS IN
EXCELLENT BUSINESS CLIMATE
POLITICAL STABILITY.
WEAKNESSES
SKILLED MANPOWER HAS BEEN LACKING IN THE SECTORS TARGETED FOR DEVELOPMENT.
AN AGEING POPULATION COULD, ULTIMATELY, AFFECT ECONOMIC PERFORMANCE.
GROWING INEQUALITY AND THE EMERGENCE OF LONG-TERM UNEMPLOYMENT AMONG THE LEAST SKILLED COULD GENERATE SOCIAL TENSIONS.
BEING THE WORLD’S MOST OPEN ECONOMY, IT HAS BEEN VULNERABLE TO WORLD ECONOMIC DOWNTURNS.
WHOLESALE AND RETAIL TRADE SECTOR
PAST
PERFORMANCE
DOMESTIC
WHOLESALE TRADE INDEX
THE OVERALL
DOMESTIC WHOLESALE TRADE DECLINED BY 7.5% IN Q1 2007. EXCLUDING PETROLEUM,
DOMESTIC SALES FELL BY 7.4%. SECTORS OF ELECTRONIC COMPONENTS, SHIP
HOWEVER,
WHOLESALERS OF FOOD, BEVERAGES AND TOBACCO REGISTERED HIGHER TURNOVER OF 5.4%.
FOREIGN
WHOLESALE TRADE INDEX
THE OVERALL
FOREIGN WHOLESALE TRADE IN QUARTER 1 2007 FELL BY 7.6%. EXCLUDING PETROLEUM,
FOREIGN SALES DECLINED BY 8.0%. MOST WHOLESALE SECTORS REPORTED LOWER OVERSEAS
RECEIPTS IN QUARTER 1 2007 COMPARED TO THE PREVIOUS QUARTER, EXCEPT HOUSEHOLD
EQUIPMENT AND FURNITURE SECTOR. SHIP CHANDLERS & BUNKERING REPORTED THE
LARGEST DECLINE OF 18.3% IN QUARTER 1 2007, FOLLOWED BY FOOD BEVERAGES &
TOBACCO SECTOR OF 17.7%.
RETAIL
TRADE
THE OVERALL
RETAIL SALES ROSE MARGINALLY BY 0.7% IN QUARTER 2 2007, COMPARED TO QUARTER 2
2006. EXCLUDING MOTOR VEHICLES, RETAIL SALES ROSE BY 5.1%. SALES OF OPTICAL
GOODS & BOOKS, FURNITURE & HOUSEHOLD EQUIPMENT AND SUPERMARKETS ENJOYED
STRONG GROWTHS OVER A YEAR AGO. PROVISION & SUNDRY SHOPS, WATCHES AND
JEWELLERY, DEPARTMENT STORES AND WEARING APPAREL & FOOTWEAR SECTORS ALSO
REPORTED HIGHER SALES OF 4.35 TO 5.9% RESPECTIVELY.
HOWEVER,
RETAILERS OF MOTOR VEHICLES, FOOD & BEVERAGES, TELECOMMUNICATIONS APPARATUS
& COMPUTERS AND PETROL SERVICES STATIONS REPORTED LOWER SALES.
OUTLOOK
GENERALLY,
WHOLESALERS EXPECT TO DO WELL FOR THE NEXT 6 MONTHS, WITH A POSITIVE NET
WEIGHTED BALANCE OF 17%. DEALERS OF FOOD & BEVERAGES, TROPICAL PRODUCE,
TEXTILES & LEATHER GOODS AND HOUSEHOLD ELECTRICAL APPLIANCE & EQUIPMENT
ARE AMONG THOSE WHO ARE OPTIMISTIC.
RETAIL TRADE
FIRMS ANTICIPATE BUSINESS TO BE LESS BRISK FOR THE NEXT 6 MONTHS. IN
PARTICULAR, DEPARTMENT STORES, SUPERMARKETS AND RETAILERS OF MOTOR VEHICLES
EXPECT SLOWER BUSINESS IN THE COMING MONTHS.
EXTRACTED
FROM: MINISTRY OF TRADE AND
SINGAPORE DEPARTMENT OF
STATISTICS
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. |
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%)