MIRA
INFORM REPORT
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Report Date : |
22.06.2011 |
IDENTIFICATION DETAILS
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Name : |
ASSAR INTERNATIONAL PTE. LTD. |
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Registered Office : |
10 Anson Rd. International Plaza No. 19-021 Singapore 079903 |
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Country : |
Singapore |
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Date of Incorporation : |
24.03.1999 |
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Com. Reg. No.: |
199901432K |
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Legal Form : |
Private Limited Liability Company |
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Line of Business : |
Trading of Metal Scrap, Agro Commodities like beans & pulses and timber |
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 40,000 |
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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
|
Country Name |
Previous Rating (31.12.2010) |
Current Rating (31.03.2011) |
|
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: |
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10 Anson Rd.
International Plaza No. 19-021 Singapore 079903 |
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Supplied
Address: |
10 Anson Rd. International Plaza No. 19-021 Singapore 079903 |
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Fax Number: |
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: |
(As of 2011.06,
1 SGD = 0.8126 USD) |
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Paid-up Capital: |
SGD 1,000,000
(USD 812,600) = 1,000,000 Shares@1 SGD |
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Legal Form: |
Private Limited
Liability Company |
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Principal Activities: |
Trading of Metal
Scrap, Agro Commodities like beans & pulses and timber |
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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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History
Subject was incorporated on
|
Date |
Change |
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Assar Trading
Pte Ltd |
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Assar
International Pte. Ltd. |
Shareholders
Unit: SGD
|
Subscription
Amount |
Proportion of
Investment (%) |
|
|
51% |
||
|
Suman Maheshwari |
1% |
|
|
20% |
||
|
250,000 |
25% |
|
|
Richa Maheshwari |
30,000 |
3% |
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Total |
1,000,000 |
100% |
Major Shareholder
Information:
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1 |
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Name: |
Rajiva Maheshwari |
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Value: |
SGD 510,000 |
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ID Number: |
S2719464H |
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Address: |
5000B Marine Parade Road #02-05 Laguna Park
Singapore 449285 |
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Nationality: |
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2 |
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Name: |
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Value: |
SGD 10,000 |
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ID Number: |
S |
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Address: |
5000B Marine Parade Road #02-05 Laguna Park
Singapore 449285 |
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Nationality: |
Singapore Citizen |
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3 |
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Name: |
Ankur Maheshwari |
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Value: |
SGD 200,000 |
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ID Number: |
S |
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Address: |
5000B Marine Parade Road #02-05 Laguna Park
Singapore 449285 |
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Nationality: |
Indian |
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4 |
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Name: |
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Value: |
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ID Number: |
S |
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Address: |
5000B Marine Parade Road #02-05 Laguna Park
Singapore 449285 |
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Nationality: |
Singapore P.R. |
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5 |
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Name: |
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Value: |
SGD 30,000 |
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ID Number: |
S8773259B |
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Address: |
5000B Marine Parade Road #02-05 Laguna Park
Singapore 449285 |
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Nationality: |
Singapore Citizen |
Subsidiaries & Branches
Manage Information
Detailed
Information of Management:
|
1 |
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Name: |
Rajiva Maheshwari |
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Position: |
Director |
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ID Number: |
S2719464H |
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Address: |
5000B Marine Parade Road #02-05 Laguna Park
Singapore 449285 |
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Nationality: |
Singapore Citizen |
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Date of Appointment: |
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2 |
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Name: |
Rajiva Maheshwari |
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Position: |
Secretary |
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ID Number: |
S2719464H |
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Address: |
5000B Marine Parade Road #02-05 Laguna Park
Singapore 449285 |
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Nationality: |
Singapore Citizen |
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Date of Appointment: |
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3 |
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Name: |
Ankur Maheshwari |
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Position: |
Director |
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ID Number: |
S |
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Address: |
5000B Marine Parade Road #02-05 Laguna Park
Singapore 449285 |
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Nationality: |
Indian |
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Date of Appointment: |
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4 |
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Name: |
Anuj Maheswari |
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Position: |
Director |
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ID Number: |
S |
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Address: |
5000B Marine Parade Road #02-05 Laguna Park
Singapore 449285 |
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Nationality: |
Singapore P.R. |
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Date of Appointment: |
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Personnel Structure
|
Total Employees |
Operation Information
Offices
& Factories
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|
Office |
|
Address: |
10 Anson Rd.
International Plaza No. 19-021 Singapore 079903 |
Purchase
l
The subject purchases Metal Scrap,
Agro Commodities like beans & pulses and timber.
l
The subject purchases both from domestic and
foreign countries.
Sales
Information
l
The subject is a trading company based in
Singapore. Its products include Metal Scrap, Agro
Commodities like beans & pulses and timber.
l
The subject is engaged in trade between countries
including Africa, India, South-East Asia and Middle East.
Settlements
Purchase
Domestic Markets
|
Products |
Payment Terms |
Proportion |
|
Metal Scrap, Agro
Commodities like beans & pulses and timber |
100% |
Overseas Markets
|
Products |
Payment Terms |
Proportion |
|
Metal Scrap,
Agro Commodities like beans & pulses and timber |
100% |
Domestic Markets
|
Sales Terms |
Proportion |
|
|
Metal Scrap, Agro Commodities like beans &
pulses and timber |
CBD, etc |
Overseas Markets
|
Product |
Sales Terms |
Proportion |
|
Metal Scrap, Agro Commodities like beans &
pulses and timber |
CBD, etc |
100% |
Financial Figures
|
Year |
Sales |
|
2010 |
About USD
4,000,000 |
Bankers
Open
Account Bank
|
DBS Bank |
Auditors
|
Name: |
Natarajan &
Swaminathan |
Public
Charges
|
Charge 1 |
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Charge Number: |
C200502421 |
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Date of
Registration: |
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Name: |
Indian Bank |
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Amount Secured: |
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Charge 2 |
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Charge Number: |
C200801627 |
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Date of
Registration: |
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Name: |
Uco Bank |
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Amount Secured: |
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Charge 3 |
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Charge Number: |
C200806406 |
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Date of Registration: |
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Name: |
Indian Bank |
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Amount Secured: |
All Monies |
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Charge 4 |
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Charge Number: |
C200903324 |
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Date of
Registration: |
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Name: |
Indian Bank |
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Amount Secured: |
All Monies |
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Charge 5 |
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Charge Number: |
C201005641 |
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Date of
Registration: |
|
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Name: |
Indian Bank |
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Amount Secured: |
All Monies |
Interview Details
|
Name: |
Anuj Maheswari |
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.44.91 |
|
|
1 |
Rs.72.89 |
|
Euro |
1 |
Rs.64.48 |
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 |
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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 |
|
<10 |
C |
Absolute credit risk exists. Caution needed to be exercised |
Credit not
recommended |
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-- |
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%)
This report is issued at your request without any
risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL)
or its officials.