MIRA INFORM REPORT
|
Report Date : |
29.12.2011 |
IDENTIFICATION DETAILS
|
Name : |
BLUE DIAMOND FAR EAST PTE. LTD. |
|
|
|
|
Registered Office : |
1 North Bridge Road #19-04/05 High Street Centre Singapore 179094 |
|
|
|
|
Country : |
Singapore |
|
|
|
|
Date of Incorporation : |
20.05.2010 |
|
|
|
|
Com. Reg. No.: |
201011167E |
|
|
|
|
Legal Form : |
Private Limited Exempt Company |
|
|
|
|
Line of Business : |
Trading of publication papers, timber, and so on |
|
|
|
|
No. of Employees
: |
Not Available |
RATING & COMMENTS
|
MIRA’s Rating : |
B |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
|
Maximum Credit Limit : |
USD 20,000 |
|
Status : |
Small Company |
|
Payment
Behaviour : |
No Complaints |
|
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) |
|
Singapore |
a1 |
a1 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
|
Moderate |
B1 |
|
High |
B2 |
|
Very High |
C1 |
|
Restricted |
C2 |
|
Off-credit |
D |
Contact Points
|
Supplied Name: |
|
|
Supplied
Address: |
|
|
Cell Number: |
|
Note
The spelling of supplied address is not exact, and the exact address is as above.
Credit
Summary
|
Credit Rating: |
|
|
Credit Opinion: |
Company
Identification Details
|
Registered Name: |
|
|
Registered
Address: |
1 North Bridge
Road #19-04/05 High Street Centre Singapore 179094 |
|
Date of
Registration:: |
|
|
Registered
Number: |
|
|
Country of
Incorporation: |
Singapore |
|
Registered
Capital: |
(As of 2011.12,
1 SGD = 0.77092 USD) |
|
Paid-up Capital: |
SGD 1 (USD
0.77092) = 1 Shares@1 SGD |
|
Legal Form: |
|
|
Principal
Activities: |
Trading of publication
papers, timber, and so on. |
|
N/A |
|
|
Status: |
Live Company |
|
Listed at Stock
Exchange: |
No. |
|
Date of Last
Annual Return: |
|
Note:
The staff number is not available from the subject or other sources.
History
Subject was incorporated on
Shareholders
|
Subscription Amount |
Proportion of Investment (%) |
|
|
VANGAL
RANGARAJAN RANGANATHAN |
1 |
100% |
Major Shareholder
Information:
|
Name: |
|
|
ID Number: |
S |
|
Address: |
207 Serangoon
Central #11-198 Singapore 550207 |
|
Nationality: |
Singapore
Citizen |
|
Date of
Appointment: |
|
Subsidiaries &
Branches
Parent Company:
|
Name: |
Mayar India Ltd. |
|
Address: |
|
|
Telephone
Number: |
+951 371374 /
371375 |
Subject confirmed that
Mayar India Ltd. is the parent company of subject, but the staff of subject
declined to disclose more details of subject.
Manage
Information
Detailed
Information of Management:
|
Name: |
VANGAL
RANGARAJAN RANGANATHAN |
|
Position: |
DIRECTOR |
|
ID Number: |
S |
|
Address: |
207 Serangoon
Central #11-198 Singapore 550207 |
|
Nationality: |
Singapore
Citizen |
|
Date of
Appointment: |
|
Operation
Information
Offices
& Factories
|
|
Office |
|
Address: |
Production
Information
l
Subject is processor and trader of publication
papers, timber, and so on.
Purchase
l
Subject purchases the products and material for production
from both local Singapore and abroad, such as India, Malaysia and so on.
Sales
Information
l
Subject is mainly engaged in processing and trading
of publication papers, timber and so on.
l
Major products sold as following:
|
|
Product |
|
1 |
Publication Papers |
|
2 |
Timber |
|
3 |
Beans & Pulses |
|
4 |
Hospitality |
|
5 |
Personal Care Products |
|
6 |
Hospital |
|
7 |
Others |
l
Subject’s selling territory covers all over the
world, such as Malaysia, India, China, and so on.
Settlements
Purchase
Subject declined
to disclose the purchase settlements information, and from other sources, we
couldn’t obtain the information, either.
Domestic Markets
|
Sales Terms |
Proportion |
|
|
CBD, etc |
100% |
Overseas Markets
|
Product |
Sales Terms |
Proportion |
|
Publication
Papers, timber and so on. |
T.T, L/C, etc. |
100% |
Financial
Figures
Since subject is a private exempt limited company, according to relevant
policy in Singapore, subject is not obligated to submit their financial
statements to the local registry. And the only source from which we can obtain
the information is the subject itself.
Subject declined to disclose the financial information, so the financial
information is not available from the subject or other sources.
Bankers
The bankers’ information is not available from the subject or other
sources.
Auditors
|
Name: |
NATARAJAN &
SWAMINATHAN |
Interview
Details
|
Name: |
Ms. Shoba |
|
Position: |
Manager |
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.53.21 |
|
UK Pound |
1 |
Rs.83.32 |
|
Euro |
1 |
Rs.69.51 |
RATING EXPLANATIONS
|
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 |
|
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 |
|
---- |
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.