MIRA INFORM REPORT

 

 

Report Date :           

22.07.2011

 

IDENTIFICATION DETAILS

 

Name :

TROPICAL GRAINS & FEEDS INDUSTRIES PTE LTD

 

 

Registered Office :

16 Raffles Quay #39-03 Hong Leong Building Singapore 048581

 

 

Country :

Singapore

 

 

Financials (as on) :

31.12.2010

 

 

Date of Incorporation :

21.03.1996

 

 

Com. Reg. No.:

199601945W

 

 

Legal Form :

Private Limited Liability Company

 

 

Line of Business :

General Wholesale Trade

 

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

 

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:

Tropical Grains & Feeds Industries Pte Ltd

Supplied Name:

Tropical Grains & Feeds Industries Pte Ltd.

Supplied Address:

16, Raffles Quay, 39-03, Hong Leong Building, Singapore 048581, Singapore

 

 

Credit Summary

 

Credit Opinion:

Business connections are permissible.

 

 

Special Notes

 

According to the supplied name and address, we just found a telephone number (+65-3882-33), and as the number, we contacted a staff, but she declined to disclose any information, even her name.

 

The registration files show that subject is engaged in general wholesale trade, since we did not get in touch with subject, we can not confirm the information.

 

We found subject’s registration information as follows for reference.

 

 

Company Identification Details

 

Registered Name:

Tropical Grains & Feeds Industries Pte Ltd

Registered Address:

16 Raffles Quay #39-03 Hong Leong Building Singapore 048581, Singapore

Date of Registration::

1996-03-21

Registered Number:

199601945W

Country of Incorporation:

Singapore

Registered Capital:

SGD 1,000,000.00 (USD 824,892 )

(As of 2011.07, 1 SGD = 0.82489 USD)

Paid-up Capital:

SGD 1,000,000.00 (USD 824,892 )= 1,000,000 Shares

@1 SGD

Legal Form:

Private Limited Liability Company

Principal Activities:

46900 General wholesale trade (including general importers and exporters)

46100 Commission Agencies

Staff:

N/A

Status:

Live Company

Listed at Stock Exchange:

No.

Date of Last Annual Return:

2010-10-29

 

 

History

 

Subject was incorporated on 1996-03-21 with registered number 199601945W as Private Limited Liability Company in Singapore.

 

 

Shareholders

 

Unit: SGD

Name

Subscription Amount

Proportion of Investment (%)

LIM BOON HOCK

1

0.0001

SUNIL KHANDELWAL

1

0.0001

FINGLETON INVESTMENTS LIMITED

999,998

99.9998

Total

1,000,000

100

 

Major Shareholder Information:

1

Name:

LIM BOON HOCK

ID Number:

S1625414B

Address:

973 HOUGANG STREET 91 #05-218 Singapore

530973

Nationality:

Singapore Citizen

2

Name:

SUNIL KHANDELWAL

ID Number:

S6983238E

Address:

30 Tanah Merah Kechil Road #10-04 East Meadows Singapore 465558

Nationality:

Singapore P.R.

3

Name:

FINGLETON INVESTMENTS LIMITED

Registered Number:

S96UF0367J

Address:

Offshore Incorporation Centre Road Town Tortola P O Box 957

Place of Origin

Virgin Islands, British

 

 

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:

LIM BOON HOCK

Position:

Director

ID Number:

S1625414B

Address:

973 Hougang Street 91, #05-218 Singapore 530973

Nationality:

Singapore Citizen

Date of Appointment:

1998-4-20

2

Name:

SUNIL KHANDELWAL

Position:

Director

ID Number:

S6983238E

Address:

30 Tanah Merah Kechil Road #10-04 East Meadows Singapore 465558

Nationality:

Singapore P.R.

Date of Appointment:

1996-3-21

 

 

Operation Information

 

Offices & Factories

 

Office

Address:

16 Raffles Quay #39-03 Hong Leong Building Singapore 048581, Singapore

Operation Information

We contacted the subject unsuccessfully.

We obtained the registered activities of the subject as follows for reference.

 

Business Code

Details

46900

General wholesale trade (including general importers and exporters)

46100

Commission Agencies

 

 

Settlements

 

We couldn’t contact the subject successfully, and the settlement information is not available from the subject or other sources.

 

 

Balance Sheet

 

Unit: USD

 

2010-12-31

2009-12-31

2008-12-31

Total Assets

65,625,054.00

57,538,908.00

89,864,511.00

Total Current Assets

65,625,054.00

57,538,908.00

89,864,511.00

Total Non-Current Assets f.k.a.

[Fixed And Others]

0.00

0.00

0.00

Total Liabilities

63,786,802.00

55,880,880.00

88,377,928.00

Total Current Liabilities

63,786,802.00

55,880,880.00

88,377,928.00

Total Non-Current Liabilities

0.00

0.00

0.00

Total Equity f.k.a [Shareholder's

Funds]

1,838,252.00

1,658,028.00

1,486,583.00

Paid-Up Capital

-

-

-

Share Capital

588,235.00

588,235.00

588,235.00

Other Reserves, Total f.k.a.

[Reserves]

0.00

0.00

0.00

Retained Earnings/(Accumulated

Loss)

1,250,017.00

1,069,793.00

898,348.00

 

 

Profit/Loss Account

 

Unit: USD

 

2010

2009

2008

Revenue f.k.a [Sales Turnover And

Other Operating Revenues]

235,025,223.00

264,333,561.00

258,487,215.00

Profit/(Loss) before Tax from

Continuing Operations f.k.a

[Profit/(Loss) before tax]

196,860.00

187,086.00

185,846.00

Profit/(Loss) after Tax from

Continuing Operations f.k.a

[Profit/(Loss) After Tax]

180,224.00

171,445.00

168,445.00

Net Income/(Loss) From Extraordinary And Non-Operating Items

-

-

-

Profit/(Loss) After Tax and

Extraordinary Items

-

-

-

 

Bankers

 

Charges

Charge 1

Charge Number:

200104800

Date of Registration:

03-10-2001

Name:

SOCIETE GENERALE

Amount Secured:

All Monies

Charge 2

Charge Number:

200205651

Date of Registration:

24-12-2002

Name:

SOCIETE GENERALE

Amount Secured:

All Monies

Charge 3

Charge Number:

C200300329

Date of Registration:

29-01-2003

Name:

ABN AMRO BANK N.V.

Amount Secured:

All Monies

Charge 4

Charge Number:

C200301011

Date of Registration:

06-03-2003

Name:

SOCIETE GENERALE

Amount Secured:

All Monies

Charge 5

Charge Number:

C200604843

Date of Registration:

25-07-2006

Name:

ABN AMRO BANK N.V.

Amount Secured:

All Monies

 

 

Auditors

 

Name:

NATARAJAN & SWAMINATHAN

 

 

Interview Details

 

Name:

N/A

Note:

A lady declined to disclose the name of her.

 

FOREIGN EXCHANGE RATES

 

Currency
Unit

Indian Rupees

US Dollar

1

Rs.44.43

UK Pound

1

Rs.71.90

Euro

1

Rs.63.41

 

 

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.