MIRA INFORM REPORT
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Report Date : |
20.12.2011 |
IDENTIFICATION DETAILS
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Name : |
SKM TRADE LINK PTE. LTD. |
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Registered Office : |
10 Anson Road #09-21 International Plaza Singapore 079903 |
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Country : |
Singapore |
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Date of Incorporation : |
22.12.2005 |
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Com. Reg. No.: |
200517699H |
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Legal Form : |
Limited Exempt Private Company |
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Line of Business : |
Trading of Ferrous and Non-ferrous metal products |
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No. of Employees : |
Not Available |
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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Maximum Credit Limit : |
USD 40,000 |
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Status : |
Satisfactory |
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Payment
Behaviour : |
Usually Correct |
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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 – September 30th, 2011
|
Country Name |
Previous Rating (30.06.2011) |
Current Rating (30.09.2011) |
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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
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
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
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Subscription
Amount |
Proportion
of Investment (%) |
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270,000 |
60% |
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SUDHA BAGARIA |
180,000 |
40% |
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Total |
450,000 |
100% |
Major Shareholder Information:
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1 |
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Name: |
KRISHNA KUMAR
BAGARIA |
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ID Number: |
S2674083E |
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Address: |
5000D Marine
Parade Road #17-13 Laguna Park Singapore 449287 |
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2 |
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Name: |
SUDHA BAGARIA |
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ID Number: |
S |
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Address: |
5000D Marine
Parade Road #17-13 Laguna Park Singapore 449287 |
Subsidiaries &
Branches
Subject did not introduce whether it has any
subsidiaries or branches, from other source we can not obtain the relevant
information, either.
Manage
Information
Detailed Information of Management:
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1 |
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Name: |
Krishna Kumar Bagaria |
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Position: |
Director |
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ID Number: |
S2674083E |
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Address: |
5000D Marine Parade Road |
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Nationality: |
Singapore Citizen |
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Date of Appointment: |
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2 |
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Name: |
Krishna Kumar Bagaria |
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Position: |
Managing Director |
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ID Number: |
S2674083E |
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Address: |
5000D Marine Parade Road #17-13 Laguna Park
Singapore 449287 |
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Nationality: |
Singapore citizen |
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Date of Appointment: |
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3 |
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Name: |
Sudha Bagaria |
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Position: |
Director |
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ID Number: |
S |
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Address: |
5000D Marine Parade Road #17-13 Laguna Park
Singapore 449287 |
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Nationality: |
Singapore Citizen |
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Date of Appointment: |
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4 |
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Name: |
Pankaj Kumar Ganeriwal |
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Position: |
Secretary |
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ID Number: |
S |
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Address: |
25 Chai Chee Road #04-489 Singapore 460025 |
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Nationality: |
Singapore P.R. |
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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: |
10, Anson Road, # 09-21 International Plaza
Singapore - 079903 |
Production Information
l
Subject
is a trader of metal products without any production activities
Purchase Information
l
Subject
purchases from European, American and the South East Asian Regions
Sales Information
l
Subject
is wholesaler of Ferrous and Non-ferrous primary and secondary metal products.
l
Subject’s
products are mainly sold to Malaysia, Singapore, India, Pakistan, Vietnam,
Indonesia, China, Manila etc
Settlements
Purchase
Domestic
Markets
Subject has little domestic purchase.
Overseas
Markets
|
Products |
Payment Terms |
Proportion |
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CBD,
etc |
100% |
Domestic
Markets
|
Sales Terms |
Proportion |
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Metal products |
COD, CBD, etc |
100% |
Overseas
Markets
|
Product |
Sales Terms |
Proportion |
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Metal products |
CBD, etc |
100% |
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 declined to
disclose its financial information citing the grounds of company’s confidentiality;
from other source we can not obtain the relevant information, either.
Bankers
|
Name: |
Hong Kong and Shanghai Banking Corporation |
Auditors
|
Name: |
WONG,LEE &
ASSOCIATES |
Interview
Details
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Department: |
Sales department |
FOREIGN EXCHANGE RATES
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Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.52.96 |
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UK Pound |
1 |
Rs.82.04 |
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Euro |
1 |
Rs.68.91 |
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 |
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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.