MIRA INFORM REPORT
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Report Date : |
29.12.2011 |
IDENTIFICATION DETAILS
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Name : |
PARGAN SINGAPORE PTE LTD |
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Registered Office : |
101 Cecil Street, #22-08, Tong Eng Building Singapore 069533 |
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Country : |
Singapore |
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Date of Incorporation : |
19.04.1997 |
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Com. Reg. No.: |
199702633Z |
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Legal Form : |
Private Exempt Limited Company |
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Line of Business : |
Trading of timber products and the related products. |
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No. of Employees
: |
Not Available |
RATING & COMMENTS
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MIRA’s Rating : |
B |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
|
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26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
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Maximum Credit Limit : |
USD 20,000 |
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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, ame 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 |
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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: |
|
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Supplied Name: |
Pargan Singapore
Pte Ltd. |
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101 Cecil Street, #22-08, Tong Eng Building,
Singapore 069533 |
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Supplied
Address: |
Singapore |
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+65-6221-3716 |
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Fax Number: |
+65-6220-1691 |
Note:
The supplied address is incomplete, and the exact address is above.
Credit
Summary
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Credit Rating: |
|
|
Credit Opinion: |
Company
Identification Details
|
Registered Name: |
Pargan Singapore
Pte Ltd |
|
Registered
Address: |
101 Cecil
Street, #22-08, Tong Eng Building Singapore 069533 |
|
Date of
Registration:: |
|
|
Registered
Number: |
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Country of
Incorporation: |
Singapore |
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Registered
Capital: |
SGD 2,000,000.00 (USD 1,543,710) (As of 2011.12,
1 SGD = 0.77186 USD) |
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Paid-up Capital: |
SGD 2,000,000.00 (USD 1,543,710)= 2,000,000 Shares@1 SGD |
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Legal Form: |
|
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Principal
Activities: |
Trading of
timber products and the related products. |
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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: |
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Note:
The staff number is not available from the subject or other sources.
History
Subject was incorporated on
Shareholders
|
Subscription Amount |
Proportion of Investment (%) |
|
|
BASANT KUMAR
MAHESHWARI |
1,200,000 |
60% |
|
LALITA BASANT
MAHESHWARI |
800,000 |
40% |
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Total |
2,000,000.00 |
100% |
Major Shareholder
Information:
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1 |
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Name: |
|
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ID Number: |
S |
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Address: |
20 Amber Road
#14-02 King's Mansion Singapore 439869 |
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Nationality: |
Singapore
Citizen |
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2 |
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Name: |
|
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ID Number: |
S |
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Address: |
20 Amber Road #14-02
King's Mansion Singapore 439869 |
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Nationality: |
Singapore P.R. |
Subsidiaries &
Branches
Subject introduced
that it has offices located in India, Indonesia,
Malaysia, Myanmar, Singapore and Vietnam, Ivory Coast and Nigeria, etc, but it
declined to disclose more information about the offices.
Manage
Information
Detailed
Information of Management:
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1 |
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Name: |
FOO SOON SOO |
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Position: |
Secretary |
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ID Number: |
S1310912E |
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Address: |
4 Mimosa Vale,
Mimosa Vale Singapore 807927 |
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Nationality: |
Singapore
Citizen |
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Date of
Appointment: |
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2 |
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Name: |
BASANT KUMAR
MAHESHWARI |
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Position: |
DIRECTOR |
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ID Number: |
S |
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Address: |
20 Amber Road,
#14-02, King's Mansion Singapore 439869 |
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Nationality: |
Singapore
Citizen |
|
Date of
Appointment: |
|
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3 |
|
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Name: |
LALITA BASANT
MAHESHWARI |
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Position: |
Director |
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ID Number: |
S |
|
Address: |
20 Amber Road
#14-02 King's Mansion Singapore 439869 |
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Nationality: |
Singapore P.R. |
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Date of
Appointment: |
|
Operation
Information
Offices
& Factories
|
|
Office |
|
Address: |
101 Cecil Street, #22-08, Tong Eng Building,
Singapore 069533 |
Production
Information
l
Subject is a trader of timber and allied products
and the related products.
Purchase
l
The products and material for production are
purchased from local Singapore and abroad.
Sales
Information
l
Subject is mainly engaged in trading of timber and allied products and raw cashew nuts and the
related products.
l
Subject introduced that it 3 major segments of
activities, Timber and allied products, Agro-commodities, and General
merchandise comprising of manufactured products.
l
Subject introduced that it is the member of several
trade organization such as Singapore Indian Chamber of Commerce and Industries,
Singapore Traders Association, Singapore Business Federation, and World Cashew
Association.
l
Subject introduced that it purchases the timbers
from many countries, such as Malaysia, Singapore, Indonesia, etc.
l
Subject’s selling territory covers worldwide, such
as South East Asia, Europe, and America 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 |
|
Timber and
allied products and raw cashew nuts. |
T.T, L/C, etc. |
100% |
Financial
Information
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: |
FOO KON TAN
GRANT THORNTON LLP |
Public
Charges
|
Charge Number: |
C200906378 |
|
Date of
Registration: |
|
|
Name: |
Oversea-Chinese
Banking Corporation Limited |
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Amount Secured: |
All Monies |
Interview
Details
|
Name: |
Ms. Lee |
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 |
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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 |
|
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.