MIRA INFORM REPORT
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Report Date : |
26.08.2011 |
IDENTIFICATION DETAILS
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Name : |
UNITED RAW MATERIAL PTE. LTD. |
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Registered Office : |
33 UBI Avenue 3 #05-32 Vertex Singapore 408868 |
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Country : |
Singapore |
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Date of Incorporation : |
30.05.2006 |
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Com. Reg. No.: |
200607763E |
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Legal Form : |
Limited Exempt Private Company |
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Line of Business : |
Trading of textile materials,
etc |
RATING & COMMENTS
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MIRA’s Rating : |
B |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
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Maximum Credit Limit : |
USD 30,000 |
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Status : |
Moderate |
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Payment
Behaviour : |
No Complaints |
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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
|
Country Name |
Previous Rating (31.12.2010) |
Current Rating (31.03.2011) |
|
Singapore |
a1 |
a1 |
|
Risk Category |
ECGC
Classification |
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Insignificant |
A1 |
|
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: |
United Raw Material Pte. Ltd. |
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Supplied Name: |
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Supplied
Address: |
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Notes: Subject’s exact name and address are as
above.
Credit
Summary
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Credit Rating: |
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Credit Opinion: |
Company
Identification Details
|
Registered Name: |
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|
Registered
Address: |
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|
Date of
Registration:: |
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Registered
Number: |
200607763E |
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Country of
Incorporation: |
Singapore |
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Registered
Capital: |
USD 1,022,619 |
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Paid-up Capital: |
USD 1,022,619 =
1,022,619 Shares@1 USD |
|
Legal Form: |
Limited Exempt
Private Company |
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Principal
Activities: |
Trading
of textile materials, etc |
|
N/A |
|
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Status: |
Live Company |
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Listed at Stock
Exchange: |
No |
|
Date of Last
Annual Return: |
|
Notes: Subject declined
to disclose its staff information; from other source we can not obtain the
relevant information, either.
History
Subject was
incorporated on
Shareholders
|
Subscription Amount |
Proportion of Investment (%) |
|
|
491,443 |
48% |
|
|
Goel Manoj Omprakash |
500,894 |
49% |
|
Fulzade Roopali Raghunath |
30,282 |
3% |
|
Total |
1,022,619 |
100% |
Major Shareholder
Information:
|
1 |
|
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Name: |
Goel Deepika
Manoj |
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ID Number: |
A4518872 |
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Address: |
22, Nand Niwas,
Ashok Nagar, Athwa Lines, Surat, Gujarat 465001, India |
|
2 |
|
|
Name: |
Goel Manoj
Omprakash |
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ID Number: |
E3660732 |
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Address: |
22, Nand Niwas, Ashok
Nagar, Athwa Lines, Surat, Gujarat 465001, India |
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3 |
|
|
Name: |
Fulzade Roopali
Raghunath |
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ID Number: |
G5939517W |
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Address: |
10 Anson Road
#43-15 International Plaza Singapore 079903 |
Subsidiaries &
Branches
Subject did not introduce
whether it has any subsidiaries or branches, from other source we can not
obtain the relevant information, either
Management
Information
Detailed
Information of Management:
|
1 |
|
|
Name: |
Goel
Deepika Manoj |
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Position: |
Director |
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ID Number: |
A4518872 |
|
Address: |
22,
Nand Niwas, Ashok Nagar, Athwa Lines, Surat, Gujarat 465001, India |
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Nationality: |
Indian |
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Date of
Appointment: |
|
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2 |
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Name: |
Goel
Manoj Omprakash |
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Position: |
Director |
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ID Number: |
E3660732 |
|
Address: |
22,
Nand Niwas, Ashok Nagar, Athwa Lines, Surat, Gujarat 465001, India |
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Nationality: |
Indian |
|
Date of
Appointment: |
|
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3 |
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Name: |
Fulzade
Roopali Raghunath |
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Position: |
Director |
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ID Number: |
G5939517W |
|
Address: |
10
Anson Road #43-15 International Plaza Singapore 079903 |
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Nationality: |
Indian |
|
Date of
Appointment: |
|
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4 |
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Name: |
Ravi
Kasturi |
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Position: |
Secretary |
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ID Number: |
S2651015E |
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Address: |
124 Mcnair
Road #06-33 Singapore 320124 |
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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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|
Office |
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Address: |
Production Information
l
Subject is a trader of textile materials without
any production information.
Purchase Information
l
Subject purchases textile materials such as yarn
mainly abroad.
l
Subject’s suppliers are mainly in Asia such as
China, Malaysia, South Korea, India and Thailand, etc.
Sales Information
l
Subject is engaged in sales of textile materials
including POLYESTER - Polyester Staple Fiber - Polyester Chips (semi dull,
bright, super bright, bottle Grade, amorphous)
- Polyester Spun Yarns - Partially Oriented Yarn (POY) - Draw Textured Yarn (DTY) - Filament Drawn Yarn (FDY) - Air Textured Yarn (ITY) - High Tenacity Yarns SPANDEX- Bare Spandex -
Mixed with Nylon or Polyester NYLON - Nylon Chips, etc
l
Subject’s products are both sold in domestic and
overseas market.
Settlements
Purchase
Domestic Markets
Subject has little
domestic purchase
Overseas Markets
|
Products |
Payment Terms |
Proportion |
|
Textile
materials |
CBD, etc |
100% |
Domestic Markets
|
Sales Terms |
Proportion |
|
|
CBD, etc |
100% |
Overseas Markets
|
Product |
Sales Terms |
Proportion |
|
Textile
materials |
CBD, etc |
100% |
Financial
Information
Subject has no on
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 declined
to disclose the financials citing the grounds of company’s confidentiality;
from other source we can not obtain the relevant information, either.
Bankers
Bank
Charges
|
1 |
|
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Charge
Number: |
C200801489 |
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Date
of Registration: |
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Name:
|
United
Overseas Bank Limited |
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Amount
Secured: |
All
Monies |
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2 |
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Charge
Number: |
C200803305 |
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Date
of Registration: |
|
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Name:
|
United
Overseas Bank Limited |
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Amount
Secured: |
All
Monies |
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3 |
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Charge
Number: |
C201000833 |
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Date
of Registration: |
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Name:
|
United
Overseas Bank Limited |
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Amount
Secured: |
All
Monies |
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4 |
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Charge
Number: |
C201006022 |
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Date
of Registration: |
|
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Name:
|
United
Overseas Bank Limited |
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Amount
Secured: |
All
Monies |
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5 |
|
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Charge
Number: |
C201007714 |
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Date
of Registration: |
|
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Name:
|
DBS
Bank Ltd. |
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Amount
Secured: |
All
Monies |
Auditors
|
Name: |
S.
RENGANATHAN & CO. |
Interview
Details
|
Department: |
Sales department
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FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.46.13 |
|
UK Pound |
1 |
Rs.75.52 |
|
Euro |
1 |
Rs.66.53 |
RATING EXPLANATIONS
|
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 |
|
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 |
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NB |
New Business |
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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%)
This report is issued at your request without any
risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL)
or its officials.