MIRA INFORM REPORT
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Report Date : |
05.07.2011 |
IDENTIFICATION DETAILS
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Name : |
RG TRADE & INVESTMENT PTE LTD |
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Registered Office : |
101 Cecil Street #10-05 Tong Eng Building Singapore 069533 |
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Country : |
Singapore |
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Date of Incorporation : |
06.02.2001 |
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Com. Reg. No.: |
200100770M |
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Legal Form : |
Limited Exempt Private Company |
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Line of Business : |
Trade of steel scrap, paper and plastic scrap, agricultural commodities, chemicals and minerals. |
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 10,000 |
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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
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Country Name |
Previous Rating (31.12.2010) |
Current Rating (31.03.2011) |
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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: |
RG Trade &
Investment Pte Ltd |
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Supplied Name: |
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101 Cecil Street
#10-05 Tong Eng Building Singapore 069533,Singapore |
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Supplied Address: |
101 Cecil Street
No. 10-05 Tong Feng Building Singapore 069533, Singapore |
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Fax Number: |
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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:: |
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Registered Number: |
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Country of Incorporation: |
Singapore |
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Registered Capital: |
SGD 975,000.00 (USD795,529 ) (As of 2011.07, 1 SGD = 0.81593 USD) |
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Paid-up Capital: |
SGD 975,000.00 (USD795,529 ) = 975,000
Shares@1 SGD |
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Legal Form: |
Limited Exempt Private Company |
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Principal Activities: |
Trade of steel scrap, paper and plastic
scrap, agricultural commodities, chemicals and minerals. |
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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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The staff number is not available from the
subject or other sources.
History
Subject was
incorporated on
Shareholders
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Subscription
Amount |
Proportion
of Investment (%) |
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HITEN A KAMDAR |
325,000 |
33.33% |
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GANGADHARAN BALAJI |
325,000 |
33.33% |
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ROHIT GUPTA |
325,000 |
33.33% |
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Total |
975,000 |
= |
Major Shareholder Information:
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1 |
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Name: |
HITEN A KAMDAR |
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ID Number: |
S1770858I |
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Address: |
160 Haig Road #06-01 Haig Court Singapore
438795 |
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Nationality: |
Singapore Citizen |
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2 |
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Name: |
GANGADHARAN BALAJI |
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ID Number: |
S2684103H |
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Address: |
218 Jurong East Street 21 #07-577 Singapore
600218 |
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Nationality: |
Singapore Citizen |
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3 |
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Name: |
ROHIT GUPTA |
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ID Number: |
S7770414J |
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Address: |
20 Amber Road #12-01 King's Mansion Singapore
439869 |
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Nationality: |
Singapore Citizen |
Subsidiaries & Branches
Manage Information
Detailed Information of Management:
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1 |
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Name: |
HITEN A KAMDAR |
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Position: |
Director |
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ID Number: |
S1770858I |
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Address: |
160 Haig Road #06-01 Haig Court Singapore
438795 |
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Nationality: |
Singapore Citizen |
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Date of Appointment: |
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2 |
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Name: |
HARIKRISHNAN S/O MUTHUSAMY |
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Position: |
Secretary |
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Address: |
101 Ah Hood Road#11-02 Singapore 320101 |
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Nationality: |
Singapore Citizen |
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Date of Appointment: |
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3 |
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Name: |
GANGADHARAN BALAJI |
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Position: |
Director |
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ID Number: |
S2684103H |
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Address: |
218 Jurong East Street 21 #07-577,
Singapore 600218 |
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Nationality: |
Singapore Citizen |
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Date of Appointment: |
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4 |
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Name: |
ROHIT GUPTA |
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Position: |
Director |
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ID Number: |
S7770414J |
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Address: |
20 Amber Road #12-01 King's Mansion
Singapore 439869 |
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Nationality: |
Singapore Citizen |
Operation
Information
Offices & Factories
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|
Office |
|
Address: |
101 Cecil Street #10-05 Tong Eng Building Singapore 069533,Singapore |
Production Information
l
Subject
is a trader of steel scrap, paper and plastic scrap, agricultural commodities,
chemicals and minerals.
Purchase
l
The finished
products are mostly purchased from local Singapore.
Sales Information
l
Subject
is mainly involved in trading of steel scrap, paper and plastic scrap,
agricultural commodities, chemicals and minerals.
l
Subject’s
selling territory covers both national markets and international markets.
Settlements
Purchase
Domestic
Markets
|
Products |
Payment
Terms |
Proportion |
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Steel scrap, paper and plastic scrap,
agricultural commodities, chemicals and minerals. |
COD,
etc. |
100% |
Overseas
Markets
Subject never purchases from overseas
markets.
Domestic
Markets
|
Sales
Terms |
Proportion |
|
|
Steel scrap, paper and plastic scrap,
agricultural commodities, chemicals and minerals. |
COD,
etc. |
100% |
Overseas
Markets
|
Product |
Sales
Terms |
Proportion |
|
Steel scrap, paper and plastic scrap,
agricultural commodities, chemicals and minerals. |
T.T in
advance, L/C etc. |
100% |
Financial
Information
Subject has no obligations to disclose its financial statements to the third
party according to the relevant policy in Taiwan and the only source from which
we can obtain the information is the subject itself.
Subject’s relevant
staff Ms Ddgudd declined to disclose its financials citing the grounds of
company’s confidentiality; from other source we can not obtain the relevant
information, either.
Bankers
Charges
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Charge 1 |
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Charge Number: |
C200710177 |
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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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Charge 2 |
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Charge Number: |
C200900850 |
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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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Charge 3 |
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Charge Number: |
C200900851 |
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Date of Registration: |
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Name: |
UNITED OVERSEAS BANK LIMITED |
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Amount Secured: |
All Monies |
Interview
Details
|
Name: |
Ms Ddgudda |
FOREIGN EXCHANGE RATES
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Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.44.46 |
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UK Pound |
1 |
Rs.71.53 |
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Euro |
1 |
Rs.64.63 |
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.