MIRA INFORM REPORT

 

 

Report Date :

07.07.2011

 

IDENTIFICATION DETAILS

 

Name :

INDIAN TREAT PTE. LTD.

 

 

Registered Office :

6 Marina Boulevard #40-21 Sail @ Marina Bay, The Singapore 018985

 

 

Country :

Singapore

 

 

Date of Incorporation :

21.10.2009

 

 

Com. Reg. No.:

200919647K

 

 

Legal Form :

Private Limited Liability Company

 

 

Line of Business :

Import and export of rice, etc

 

RATING & COMMENTS

 

MIRA’s Rating :

Ba

 

RATING

STATUS

PROPOSED CREDIT LINE

41-55

Ba

Overall operation is considered normal. Capable to meet normal commitments.

Satisfactory

 

Maximum Credit Limit :

USD 20,000

 

 

Status :

Satisfactory

 

 

Payment Behaviour :

Usually Correct

 

 

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

 

Country Name

Previous Rating

(31.12.2010)

Current Rating

(31.03.2011)

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

 

Company Name:

Indian Treat Pte. Ltd.

Supplied Name:

Indian Treat Pte Ltd.

Trading Address:

6 Marina Blvd., #40-21, the Sail @ Marina Bay, Singapore  

Supplied Address:

6 Marina Boulward #40-21, The Sail, Singapore 01895

Telephone Number:

+65-6640-8185

Fax Number:

+65-6640-8186

 

 

Credit Summary

 

Credit Rating:

Maximum credit USD 20,000

Credit Opinion:

Business connections are permissible

 

 

Company Identification Details

 

Registered Name:

Indian Treat Pte. Ltd.

Registered Address:

6 Marina Boulevard #40-21 Sail @ Marina Bay, The Singapore 018985

Date of Registration::

2009-10-21

Registered Number:

200919647K

Country of Incorporation:

Singapore

Registered Capital:

SGD 150,000 (USD 122,310)

(As of 2011.07, 1 SGD = 0.8154 USD)

Paid-up Capital:

SGD 150,000 (USD 122,310) = 150,000 Shares@1 SGD

Legal Form:

Private Limited Liability Company

Principal Activities:

Import and export of rice, etc

Staff:

Less than 10 Employees

Status:

Live Company

Listed at Stock Exchange:

No

Date of Last Annual Return:

2011-6-28

 

History

 

Subject was incorporated on 2009-10-21 with registered number 200919647K as Private Limited Liability Company in Singapore.

 

Shareholders

Unit: SGD

Name

Subscription Amount

Proportion of Investment (%)

Sahil Mittal

150,000

100%

Total

150,000

100%

 

Major Shareholder Information:

1

Name:

Sahil Mittal

Value:

SGD 150,000

ID Number:

G6344334X

Address:

6 Marina Boulevard #40-21 Sail @ Marina Bay, The Singapore 018985

Nationality:

Indian

 

 

Subsidiaries & Branches

 

Subject did not register any subsidiaries or branches, from other source we can not obtain the relevant information, either.

 

 

Manage Information

 

Core Management

 

Detailed Information of Management:

1

Name:

Sahil Mittal

Position:

Director

ID Number:

G6344334X

Address:

6 Marina Boulevard #40-21 Sail @ Marina Bay, The Singapore 018985

Nationality:

Indian

Date of Appointment:

2009-10-21

2

Name:

Lim Soh Sea

Position:

Secretary

ID Number:

S7077960I

Address:

101A Lorong 2 Toa Payoh #08-07 Singapore 310101

Nationality:

Singapore Citizen

Date of Appointment:

2009-10-21

3

Name:

Azman Bin Abdullah

Position:

Secretary

ID Number:

S7321299E

Address:

407 Jurong West Street 42 #02-643 Singapore 640407

Nationality:

Singapore Citizen

Date of Appointment:

2010-7-1

4

Name:

Rakesh Kumar Puri

Position:

Director

ID Number:

Z1600468

Address:

105 Angellina, Raheja Gardens Wanawadi, Pune - M.S. , India

Nationality:

Indian

Date of Appointment:

2010-8-20

5

Name:

Nihar Mittal

Position:

Director

ID Number:

Z2031348

Address:

G D 13 VISHAKHA ENCLAVE PITAN PURA DELHI 110088

Nationality:

Indian

Date of Appointment:

2010-7-12

6

Name:

Sunny Mittal

Position:

Director

ID Number:

Z2231499

Address:

Mittal Bhawan, Opp- Bus Stand Kaithal -136027 Haryana, India

Nationality:

Indian

Date of Appointment:

2010-7-1

 

Personnel Structure

 

Total Employees

Less than 10 Employees

 

 

Operation Information

 

Offices & Factories

 

 

Office

Address:

6 Marina Blvd., #40-21, the Sail @ Marina Bay, Singapore

 

Purchase

 

l         The subject purchases Wheat Flour, Basmati Rice, etc.

l         The subject purchases products mainly from Asian countries.

 

Sales Information

 

l         The subject is engaged in sales of Wheat Flour, Basmati Rice, etc.

l         The subject sells products around the world.

 

 

Settlements

 

Purchase

 

Domestic Markets

Products

Payment Terms

Proportion

Wheat Flour, Basmati Rice, etc

COD, etc

100%

 

Overseas Markets

Products

Payment Terms

Proportion

Wheat Flour, Basmati Rice, etc

CBD, etc

100%

 

Sales

 

Domestic Markets

Product

Sales Terms

Proportion

Wheat Flour, Basmati Rice, etc

CBD, etc

100%

 

Overseas Markets

Product

Sales Terms

Proportion

Wheat Flour, Basmati Rice, etc

CBD, etc

100%

 

Financial Figures

 

Year

Sales

2010

About USD 2,000,000

 

 

Bankers

 

Open Account Bank

 

Name:

DBS Bank

 

 

Public

 

Charges

 

No charges information was found.

 

 

Interview Details

 

Name:

Sunny Mittal

 

 

FOREIGN EXCHANGE RATES

 

Currency
Unit

Indian Rupees

US Dollar

1

Rs.44.42

UK Pound

1

Rs.70.95

Euro

1

Rs.63.63

 

 

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%)

 

PRIVATE & CONFIDENTIAL : This information is provided to you at your request, you having employed MIPL for such purpose. You will use the information as aid only in determining the propriety of giving credit and generally as an aid to your business and for no other purpose. You will hold the information in strict confidence, and shall not reveal it or make it known to the subject persons, firms or corporations or to any other. MIPL does not warrant the correctness of the information as you hold it free of any liability whatsoever. You will be liable to and indemnify MIPL for any loss, damage or expense, occasioned by your breach or non observance of any one, or more of these conditions

This report is issued at your request without any risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL) or its officials.