MIRA INFORM REPORT

 

 

Report Date :           

13.06.2011

 

IDENTIFICATION DETAILS

 

Name :

DELTA EXPORTS PTE LTD

 

 

Registered Office :

221 Henderson Road #08-15 Henderson Bldg Singapore 159557

 

 

Country :

Singapore

 

 

Financials (as on) :

31.12.2007

 

 

Date of Incorporation :

17.02.1993

 

 

Com. Reg. No.:

199300906K

 

 

Legal Form :

Private Limited Liability Company

 

 

Line of Business :

Sales of metals, minerals, rubber, chemicals & agri-products.

 

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 40,000

Status :

Moderate

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 – 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:

Delta Exports Pte Ltd

Supplied Name:

Delta Exports Pte Ltd.

Trading Address:

221 Henderson Road, #08-15 Henderson Building, Singapore - 159557

Supplied Address:

221, Henderson Road, No. 08-15, Henderson, Building Singapore 159557, Singapore

Telephone Number:

+65-6276-6646

Fax Number:

+65-6276-7045

E-mail:

depl@delta.com.sg 

 

 

Credit Summary

 

Credit Rating:

Maximum credit USD 40,000

Credit Opinion:

Business connections are permissible.

 

 

Company Identification Details

 

Registered Name:

Delta Exports Pte Ltd

Registered Address:

221 Henderson Road #08-15 Henderson Bldg Singapore 159557

Date of Registration::

1993-2-17

Registered Number:

199300906K

Country of Incorporation:

Singapore

Registered Capital:

SGD 4,000,000 (USD 3,255,600)

(As of 2011.05, 1 SGD = 0.8139 USD)

Paid-up Capital:

SGD 4,000,000 (USD 3,255,600) = 4,000,000 Shares@1 SGD

Legal Form:

Private Limited Liability Company

Principal Activities:

Sales of metals, minerals, rubber, chemicals & agri-products.

Staff:

More than 10 Employees

Status:

Live Company

Listed at Stock Exchange:

No

Date of Last Annual Return:

2010-10-6

 

 

History

 

Subject was incorporated on 1993-2-17 with registered number 199300906K as Private Limited Liability Company in Singapore.

 

 

Shareholders

Unit: SGD

Name

Subscription Amount

Proportion of Investment (%)

Karthikesan S/O Vairavan@ Vasudevan S/O Vairavan

2,000,000

50%

Dhruba Charan Panda

2,000,000

50%

Total

4,000,000

100%

 

Major Shareholder Information:

1

Name:

Karthikesan S/O Vairavan@ Vasudevan S/O Vairavan

Value:

SGD 2,000,000

ID Number:

S2176649F

Address:

1 Clover Rise Clover Park Singapore 579153

Nationality:

Singapore Citizen

2

Name:

Dhruba Charan Panda

Value:

SGD 2,000,000

ID Number:

S2737129I

Address:

Kytv, Kostyolna Street 8, Flat 27 Ukraine

Nationality:

Singapore P.R.

 

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:

Karthikesan S/O Vairavan@ Vasudevan S/O Vairavan

Position:

Director

ID Number:

S2176649F

Address:

1 Clover Rise Clover Park Singapore 579153

Nationality:

Singapore Citizen

Date of Appointment:

1993-2-17

2

Name:

Karthikesan S/O Vairavan@ Vasudevan S/O Vairavan

Position:

Secretary

ID Number:

S2176649F

Address:

1 Clover Rise Clover Park Singapore 579153

Nationality:

Singapore Citizen

Date of Appointment:

2001-8-16

3

Name:

Dhruba Charan Panda

Position:

Director

ID Number:

S2737129I

Address:

Kytv, Kostyolna Street 8, Flat 27 Ukraine

Nationality:

Singapore P.R.

Date of Appointment:

1993-4-19

4

Name:

Mantha Srinivas Sastry

Position:

Director

ID Number:

S7560094A

Address:

322C Anchorvale Drive #08-150 Singapore 543322

Nationality:

Indian

Date of Appointment:

2002-8-29

 

Personnel Structure

Total Employees

More than 10 Employees

 

 

Operation Information

 

Offices & Factories

 

Office

Address:

221 Henderson Road, #08-15 Henderson Building, Singapore - 159557

 

Purchase

l         The subject purchases metals, minerals, rubber, chemicals & agri-products.

l         The subject purchases both from the domestic markets and foreign markets.

 

Sales Information

l         The subject is specializing in metals, minerals, rubber, chemicals & agri-products.

l         The subject sells products around world.

 

 

Settlements

 

Purchase

Domestic Markets

Products

Payment Terms

Proportion

Rubber

COD, etc

100%

 

Overseas Markets

Products

Payment Terms

Proportion

Rubber products

CBD, etc

100%

 

Sales

Domestic Markets

Product

Sales Terms

Proportion

Rubber products

CBD, etc

100%

 

Overseas Markets

Product

Sales Terms

Proportion

Rubber products

CBD, etc

100%

 

 

Financial Figures

 

Balance Sheet

 

Unit: USD

 

2007-12-31

2006-12-31

2005-12-31

Total Assets

31,565,950.00

18,499,039.00

13,530,567.00

Total Current Assets

 

22,470,268.00

 

13,969,657.00

 

11,937,010.00

Total Non-Current Assets f.k.a.

[Fixed And Others]

9,095,682.00

4,529,382.00

1,593,557.00

 

 

 

 

Total Liabilities

 

25,187,826.00

 

14,308,657.00

 

10,536,144.00

Total Current Liabilities

 

24,671,518.00

 

14,263,246.00

 

10,520,866.00

Total Non-Current Liabilities

516,308.00

45,411.00

15,278.00

Total Equity f.k.a [Shareholder's

Funds]

6,378,124.00

4,190,382.00

2,994,423.00

Paid-Up Capital

N.A.

2,414,012.00

1,241,542.00

Share Capital

2,414,012.00

-

-

Other Reserves, Total f.k.a.

[Reserves]

0.00

1,776,370.00

1,752,881.00

Retained Earnings/(Accumulated

Loss)

3,964,112.00

0.00

0.00

 

Profit/Loss Account

Unit: USD

 

2007

2006

2005

Revenue f.k.a [Sales Turnover And

Other Operating Revenues]

-

105,397,569.00

74,710,290.00

Profit/(Loss) before Tax from

Continuing Operations f.k.a

[Profit/(Loss) before tax]

-

1,502,615.00

809,498.00

Profit/(Loss) after Tax from

Continuing Operations f.k.a

[Profit/(Loss) After Tax]

-

1,195,959.00

635,952.00

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

N.A.

0.00

0.00

Profit/(Loss) After Tax and

Extraordinary Items

N.A.

1,195,959.00

635,952.00

 

 

Financial Ratio

 

 

2007

2006

2005

Earning Capacity

 

 

 

Rate of Net Profit on Sales (%)

0.00

1.13

0.85

Return of Investment (%)

0.00

6.46

4.70

Return of Shareholder's Funds (%)

0.00

28.54

21.24

Total Assets Turnover (%)

0.00

5.70

5.52

Financial Stability

 

 

 

Current/Working Capital Ratio (%)

0.91

0.98

1.13

Proprietary Ratio (%)

20.21

22.65

22.13

Total Debt to Equity Ratio (%)

79.79

77.35

77.87

 

Bankers

 

Open Account Bank

Name:

DBS Bank

 

 

Auditors

 

Name:

Ernst & Young Llp

 

 

Public

 

Charges

Charge 1

Charge Number:

200104008

Date of Registration:

2001-8-22

Name:

Kbc Bank N.V.

Amount Secured:

All Monies

Charge 2

Charge Number:

C200503531

Date of Registration:

2005-6-23

Name:

DBS Bank Ltd.

Amount Secured:

All Monies

Charge 3

Charge Number:

C200503917

Date of Registration:

2005-7-8

Name:

DBS Bank Ltd.

Amount Secured:

All Monies

Charge 4

Charge Number:

C200602443

Date of Registration:

2006-4-17

Name:

Citibank N.A.

Amount Secured:

All Monies

Charge 5

Charge Number:

C200603787

Date of Registration:

2006-6-13

Name:

Bnp Paribas (Suisse) Sa

Amount Secured:

All Monies

Charge 6

Charge Number:

C200604710

Date of Registration:

2006-7-19

Name:

Kbc Bank N.V.

Amount Secured:

All Monies

Charge 7

Charge Number:

C200811327

Date of Registration:

2008-12-23

Name:

Citibank N.A.

Amount Secured:

All Monies

Charge 8

Charge Number:

C200901237

Date of Registration:

23-02-2009-2-23

Name:

Standard Chartered Bank

Amount Secured:

All Monies

Charge 9

Charge Number:

C201003288

Date of Registration:

2010-4-20

Name:

Standard Chartered Bank

Amount Secured:

All Monies

Charge 10

Charge Number:

C201011672

Date of Registration:

2010-12-2

Name:

DBS Bank Ltd.

Amount Secured:

All Monies

 

FOREIGN EXCHANGE RATES

 

Currency
Unit

Indian Rupees

US Dollar

1

Rs.44.72

UK Pound

1

Rs.72.93

Euro

1

Rs.64.72

 

 

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.