MIRA INFORM REPORT
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Report Date : |
06.08.2011 |
IDENTIFICATION DETAILS
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Name : |
EXPORT TRADING COMMODITIES PTE. LTD. |
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Registered Office : |
20 Cecil Street #14-01 Equity Plaza Singapore 049705 |
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Country : |
Singapore |
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Date of Incorporation : |
04.05.2010 |
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Com. Reg. No.: |
201009524M |
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Legal Form : |
Private Limited Liability Company |
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Line of Business : |
Trading & Distribution Of Agricultural Commodities |
RATING & COMMENTS
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MIRA’s Rating : |
NB |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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---- |
NB |
New Business |
---- |
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Status : |
New Company |
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Payment
Behaviour : |
Unknown |
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Litigation : |
Clear |
NOTES :
Any query related to this report can be made
on e-mail : infodept@mirainform.com
while quoting report number, name and date.
ECGC Country Risk Classification List – March 31st, 2011
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Country Name |
Previous Rating (31.12.2010) |
Current Rating (31.03.2011) |
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Singapore |
a1 |
a1 |
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Risk Category |
ECGC
Classification |
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Insignificant |
A1 |
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Low |
A2 |
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Moderate |
B1 |
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High |
B2 |
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Very High |
C1 |
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Restricted |
C2 |
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Off-credit |
D |
Contact Points
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Company Name: |
Export Trading
Commodities Pte. Ltd. |
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Supplied Name: |
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One Raffles Place, #44 |
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Supplied
Address: |
Reg. No. |
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Fax Number: |
Notes: Subject’s registered name and contact information are as above.
Credit
Summary
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Credit Opinion: |
Since the subject is a newly established company, the future
development remains to be seen. At this stage credits require securities. |
Company Identification
Details
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Registered Name: |
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Registered
Address: |
20 Cecil Street #14-01 Equity Plaza Singapore 049705, Singapore |
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Date of
Registration:: |
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Registered
Number: |
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Country of
Incorporation: |
Singapore |
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Registered
Capital: |
SGD 1,000,000.00
(USD 830,420 ) (As of 2011.08,
1 SGD = 0.83042 USD) |
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Paid-up Capital: |
SGD1,000,000.00
(USD830,420) = 1,000,000 Shares@1 SGD |
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Legal Form: |
Private Limited Liability
Company |
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Principal
Activities: |
46900 Trading
& Distribution Of Agricultural Commodities |
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N/A |
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Status: |
Live Company |
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Listed at Stock
Exchange: |
No |
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Date of Last
Annual Return: |
N/A |
The staff number is not available from the subject or other sources.
History
Subject was incorporated on
Shareholders
|
Subscription Amount |
Proportion of Investment (%) |
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|
ETC GROUP |
1,000,000 |
100% |
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Total |
1,000,000 |
100% |
Major Shareholder
Information:
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Name: |
ETC GROUP |
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ID Number: |
T10UF1760H |
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Address: |
St. Louis
Business Centre, Cnr Desroches & St. Louis Streets, Port Louis, Mauritius |
Subsidiaries &
Branches
Subject introduced that they has over 20 related companies all over the
world.But they didn;t disclose more details about them.
Manage
Information
Core Management
Detailed Information
of Management:
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1 |
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Name: |
MAHESHKUMAR
RAOJIBHAI PATEL |
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Position: |
Director |
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ID Number: |
AB312563 |
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Address: |
Plot No. 1505,
Msasani Peninsula, Msasani Kinondoni, Dar Es Salaam, Tanzania |
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Nationality: |
Tanzanian |
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Date of Appointment: |
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2 |
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Name: |
PRADIPIKUMAR
RAOJIBHAI PATEL |
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Position: |
Director |
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ID Number: |
C001426 |
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Address: |
Galana Road, Lr
No.2/624, Kilimani Area, Nairoby, Kenya |
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Nationality: |
Kenyan |
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3 |
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Name: |
KETANKUMAR
VINUBHAI PATEL |
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Position: |
Director |
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ID Number: |
G |
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Address: |
1 Raffles Place
#44 |
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Nationality: |
British |
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Date of
Appointment: |
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4 |
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Name: |
LIM SOH SEA |
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Position: |
Secretary |
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ID Number: |
S7077960I |
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Address: |
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Nationality: |
Singapore
Citizen |
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Date of
Appointment: |
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5 |
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Name: |
AZMAN BIN
ABDULLAH |
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Position: |
Secretary |
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ID Number: |
S7321299E |
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Address: |
407 Jurong West
Street 42 #02-643 Singapore 640407 |
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Nationality: |
Singapore
Citizen |
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Date of
Appointment: |
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Operation
Information
Offices
& Factories
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Headquarters |
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Add |
One Raffles Place,
#44 |
l
The major registered activities of subject:
|
Business Code |
Details |
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46900 |
Trading & Distribution Of Agricultural
Commodities |
Sales
Information
l
Subject is mainly involved in supplying of pulses,
cashew nuts, ground nuts, rice and all agricultural products
l
Subject introduced some related sellers of them,
such as B. Natha Singh Karma Singh Private Limited, Aricia India International
(P) Ltd., Ahaar Consumer Products (P) Ltd, and so on.
l
Even though the selling territory is all over the
world, Subject’s products mainly sell to Asia.
Settlements
Subject declined
to disclose the information on settlements, and we couldn’t obtain the
information from other sources.
Financial
Information
Subject has no obligations to disclose its
financial statements to the third party according to the relevant policy in
Singapore and the only source from which we can obtain the information is the
subject itself.
Subject’s relevant staff declined to disclose its financials citing the
grounds of company’s confidentiality; from other source we can not obtain the
relevant information, either.
Auditors
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Name: |
KPMG LLP |
Public
Charges
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Charge 1 |
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Charge Number: |
C201105023 |
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Date of
Registration: |
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Name: |
FBN BANK (UK)
LTD |
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Amount Secured: |
All Monies |
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Charge 2 |
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Charge Number: |
C201105037 |
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Date of
Registration: |
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Name: |
FBN BANK (UK)
LTD |
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Amount Secured: |
All Monies |
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Charge 3 |
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Charge Number: |
C201105046 |
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Date of
Registration: |
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Name: |
FBN BANK (UK)
LTD |
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Amount Secured: |
All Monies |
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Charge 4 |
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Charge Number: |
C201105048 |
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Date of
Registration: |
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Name: |
FBN BANK (UK)
LTD |
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Amount Secured: |
All Monies |
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Charge 5 |
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Charge Number: |
C201105052 |
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Date of
Registration: |
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Name: |
FBN BANK (UK)
LTD |
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Amount Secured: |
All Monies |
Bankers
The Bankers’ information
is not available from the subject or other sources.
Interview
Details
|
Name |
Mr. Raj. |
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.44.23 |
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UK Pound |
1 |
Rs.72.09 |
|
Euro |
1 |
Rs.62.99 |
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 |
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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---- |
NB |
New Business |
---- |
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%)
This report is issued at your request without any
risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL)
or its officials.