MIRA INFORM REPORT
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Report Date : |
21.12.2011 |
IDENTIFICATION DETAILS
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Name : |
NATSTEEL RECYCLING PTE. LTD. |
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Formerly Known As : |
Natferrous Pte Ltd |
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Registered Office : |
22 Tanjong Kling Road, Singapore 628048 |
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Country : |
Singapore |
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Financials (as on) : |
31.12.2010 |
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Date of Incorporation : |
26.05.2000 |
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Com. Reg. No.: |
200004579D |
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Legal Form : |
Private Limited Liability Company |
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Line of Business : |
Recycling of Metal Waste and Scrap. |
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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 100,000 |
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Status : |
Satisfactory |
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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 – 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
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Company Name: |
Natsteel Recycling Pte. Ltd. |
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Former Name: |
Natferrous Pte
Ltd |
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Supplied Name: |
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Supplied Address: |
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Fax Number: |
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Notes:
The accurate name and address are shown as above.
Credit
Summary
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Credit Rating: |
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Credit Opinion: |
Company
Identification Details
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Registered Name: |
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Registered
Address: |
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Date of
Registration:: |
2000-05-26 |
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Registered
Number: |
200004579D |
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Country of
Incorporation: |
Singapore |
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Registered
Capital: |
SGD 10,000,000; (USD
7,657,000 ) (As of 2011.12,
1 SGD = 0.76570 USD) |
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Paid-up Capital: |
SGD10,000,000;
(USD 7,657,000 )=2,000,000 Shares@5 SGD |
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Legal Form: |
Private Limited
Liability Company |
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Principal
Activities: |
Recycling of
Metal Waste and Scrap. |
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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: |
2011-03-31 |
Subject declined to disclose its staff number; from other source we cannot obtain the relevant information, either.
History
Subject was incorporated on 2000-05-26 with registered number 200004579D as
Private Limited Liability Company in Singapore.
|
Date |
Change |
|
2000-05-26 |
Natferrous Pte Ltd |
|
2009-08-04 |
Natsteel Recycling Pte. Ltd. |
Shareholders
|
Subscription Amount |
Proportion of Investment (%) |
|
|
Natsteel
Holdings Pte. Ltd. |
10,000,000 |
100 |
|
Total |
10,000,000 |
100 |
Information of
Shareholder:
|
Name: |
Natsteel
Holdings Pte. Ltd. |
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Registered
Number: |
200810196Z |
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Address: |
22 Tanjong Kling
Road Singapore 628048 |
Subsidiaries &
Branches
Recycling Yards:
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1 |
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Name: |
Jurong Pier Yard |
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Address: |
9 Jurong Pier
Road Singapore 619161 |
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Tel: |
+65 6265 8393 |
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Fax: |
+65 6266 2387 |
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2 |
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Name: |
Defu Yard |
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Address: |
16 Defu Lane 11
Singapore 539172 |
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Tel: |
+65 6385 3256 |
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Fax: |
+65 6280 1649 |
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3 |
|
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Name: |
Sungei Kadut
Yard |
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Address: |
44 Sungei Kadut
Street 1 Singapore 729349 |
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Tel: |
+65 6365 6681 |
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Fax: |
+65 6368 7758 |
Management
Information
Detailed
Information of Management:
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1 |
|
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Name: |
Aniruddha
Banerjee |
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Position: |
Director |
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ID Number: |
G5803929U |
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Address: |
75 Meyer Road,
#13-03, Hawaii Tower Singapore 437901. |
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Nationality: |
Indian |
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Date of
Appointment: |
2009-02-18 |
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2 |
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Name: |
Vivek madan
kamra |
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Position: |
Director |
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ID Number: |
G |
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Address: |
15 Leonie Hill
Road, #03-05 Horizon Towers East Singapore
239194. |
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Nationality: |
Indian |
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Date of
Appointment: |
2010-04-01 |
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3 |
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Name: |
James lau oon
beng |
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Position: |
Secretary |
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ID Number: |
S1745715B |
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Address: |
608 Elias Road,
#09-178, Singapore 510608. |
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Nationality: |
Singapore
Citizen |
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Date of
Appointment: |
2008-09-10 |
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4 |
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Name: |
Yong soo kyun
joseph |
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Position: |
Director |
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ID Number: |
S2500737I |
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Address: |
46 Eastwood
Road, #02-06, Laguna 88, Singapore 486356. |
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Nationality: |
Singapore P.R. |
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Date of
Appointment: |
2011-08-23 |
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5 |
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Name: |
Choo Teow Lim Melvin |
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Position: |
Director |
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ID Number: |
S2534210J |
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Address: |
56 Bukit Batok
Street 31, #14-14 Madeira, The Singapore 659445 |
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Nationality: |
Singapore
Citizen |
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Date of
Appointment: |
2004-03-18 |
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Name: |
Chong Pek Hoong |
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Position: |
Director |
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ID Number: |
S7576390E |
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Address: |
33 Jurong West
Street 41, #07-45, Singapore 649413 |
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Nationality: |
Malaysian |
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Date of
Appointment: |
2009-02-18 |
Operation
Information
Offices
& Factories
|
|
Office |
|
Address: |
Production
Information
l
Subject is engaged in recycling of metal waste and
scrap, and using the wastes to make some industrial materials,
including steel, plastic products, etc.
Purchase
l
Subject purchases materials both from the domestic
market and overseas market.
l
The subject purchases the materials from the
overseas market, including Turkey, South Africa, Australia, etc.
Sales
Information
l
Subject is recycling of metal waste and scrap.
l
Subject is using the wastes to make some industrial materials, including steel, plastic products, etc.
l
Subject mainly sells products
to domestic markets in Singapore.
Settlements
Purchase
Domestic Markets
|
Products |
Payment Terms |
Proportion |
|
Metal waste and
scrap,etc. |
100% |
Overseas Markets
|
Products |
Payment Terms |
Proportion |
|
Metal waste and
scrap,etc. |
100% |
Domestic Markets
|
Sales Terms |
Proportion |
|
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Steel, plastic products, etc. |
COD, etc |
100% |
|
Product |
Sales Terms |
Proportion |
|
Steel, plastic products, etc. |
CBD, etc |
100% |
Balance
Sheet
|
Date |
2010-12-31 |
2009-12-31 |
2008-12-31 |
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Total Assets |
57,137,000.00 |
52,116,000.00 |
73,948,000.00 |
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Total Current Assets |
55,015,000.00 |
49,716,000.00 |
71,198,000.00 |
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Total Non-Current Assets f.k.a. [Fixed And Others] |
2,122,000.00 |
2,400,000.00 |
2,750,000.00 |
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Total Liabilities |
21,084,000.00 |
19,491,000.00 |
45,594,000.00 |
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Total Current Liabilities |
21,051,000.00 |
19,435,000.00 |
45,488,000.00 |
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Total Non-Current Liabilities |
33,000.00 |
56,000.00 |
106,000.00 |
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Total Equity f.k.a [Shareholder's Funds] |
36,053,000.00 |
32,625,000.00 |
28,354,000.00 |
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Total Equity f.k.a [Shareholder's Funds] (USD) |
27,605,700 |
24,980,900 |
21,710,600 |
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Paid-Up Capital |
- |
- |
- |
|
Share Capital |
10,000,000.00 |
10,000,000.00 |
10,000,000.00 |
|
Other Reserves, Total f.k.a. [Reserves] |
0.00 |
0.00 |
0.00 |
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Retained Earnings/(Accumulated Loss) |
26,053,000.00 |
22,625,000.00 |
18,354,000.00 |
(As of 2011.12, 1 SGD = 0.76570 USD)
Profit/Loss
Account
Unit: SGD
|
Date |
2010 |
2009 |
2008 |
|
Revenue f.k.a [Sales Turnover And Other Operating
Revenues] |
388,314,000.00 |
565,368,000.00 |
515,569,000.00 |
|
Revenue f.k.a [Sales Turnover And Other Operating
Revenues] (USD) |
297,331,000 |
432,900,000 |
394,770,000 |
|
Profit/(Loss) before Tax from Continuing Operations
f.k.a [Profit/(Loss) before tax] |
4,305,000.00 |
4,729,000.00 |
5,910,000.00 |
|
Profit/(Loss) after Tax from Continuing Operations
f.k.a [Profit/(Loss) After Tax] |
3,428,000.00 |
4,271,000.00 |
4,810,000.00 |
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Profit/(Loss) after Tax from Continuing Operations
f.k.a [Profit/(Loss) After Tax] (USD) |
2,624,810 |
3,270,290 |
3,683,000 |
|
Net Income/(Loss) From Extraordinary And Non-Operating
Items |
- |
- |
- |
|
Profit/(Loss) After Tax and Extraordinary Items |
- |
- |
- |
(As of 2011.12, 1 SGD = 0.76570 USD)
Financial
Ratio
|
Date |
2010 |
2009 |
2008 |
|
Earning Capacity |
|
|
|
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Rate of Net Profit on Sales (%) |
0.88 |
0.76 |
0.93 |
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Return of Investment (%) |
6.00 |
8.20 |
6.50 |
|
Return of Shareholder's Funds (%) |
9.51 |
13.09 |
16.96 |
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Total Assets Turnover (%) |
6.80 |
10.85 |
6.97 |
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Financial Stability |
|
|
|
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Current/Working Capital Ratio (%) |
2.61 |
2.56 |
1.57 |
|
Proprietary Ratio (%) |
63.10 |
62.60 |
38.34 |
|
Total Debt to Equity Ratio (%) |
36.90 |
37.40 |
61.66 |
Bankers
Auditors
|
Name: |
Deloitte &
Touche LLP |
Interview
Details
|
Name: |
Ms. Deng |
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.53.03 |
|
UK Pound |
1 |
Rs.82.34 |
|
Euro |
1 |
Rs.68.99 |
RATING EXPLANATIONS
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RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
>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 |
|
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 |
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
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.