MIRA
INFORM REPORT
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Report Date : |
12.05.2011 |
IDENTIFICATION DETAILS
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Name : |
DHAN INTERNATIONAL EXIM PTE LTD |
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Registered Office : |
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Country : |
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Financials (as on) : |
31.12.2007 |
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Date of Incorporation : |
04.04.1988 |
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Com. Reg. No.: |
198800995G |
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Legal Form : |
Private Limited Liability Company |
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Line of Business : |
Manufactures Punjabi suits, Mix and Match items for the Indian and Malay Market, Prayer items, Petticoats and Sarongs. |
RATING & COMMENTS
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MIRA’s Rating : |
Ba |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
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Maximum Credit Limit : |
USD 60,000 |
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Status : |
Satisfactory |
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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 – December 31, 2010
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Country Name |
Previous Rating (30.09.2010) |
Current Rating (31.12.2010) |
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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
Credit Summary
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Credit Rating: |
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Credit Opinion: |
Company Identification Details
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Registered Name: |
Dhan
International Exim Pte Ltd |
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Registered
Address: |
No 1 North
Bridge Road #11-08 |
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Date of
Registration:: |
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Registered Number: |
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Country of
Incorporation: |
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Registered
Capital: |
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Paid-up Capital: |
SGD 250,000 (USD 203,475) = 250,000 Shares@1 SGD |
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Legal Form: |
Private Limited
Liability Company |
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Principal
Activities: |
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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
Shareholders
Unit: SGD
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Subscription Amount |
Proportion of Investment (%) |
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|
68% |
||
|
Sanjay Sunder
Samnani |
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40,000 |
16% |
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Total |
100% |
Major Shareholder
Information:
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1 |
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Name: |
Sunder Jashanmal
Samnani S/O J G Samnani |
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Value: |
SGD 170,000 |
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ID Number: |
S0712492I |
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Address: |
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Nationality: |
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2 |
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Name: |
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Value: |
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ID Number: |
S7110180J |
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Address: |
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Nationality: |
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3 |
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Name: |
Samnani Neeraj
Sunder |
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Value: |
SGD 40,000 |
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ID Number: |
S |
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Address: |
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Nationality: |
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Manage Information
Core Management
Detailed
Information of Management:
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1 |
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Name: |
Sunder Jashanmal
Samnani S/O J G Samnani |
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Position: |
Director |
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ID Number: |
S0712492I |
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Address: |
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Nationality: |
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Date of
Appointment: |
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2 |
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Name: |
Thiyagarajan S/O
Subbiah Ambalam_(Deceased) |
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Position: |
Secretary |
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ID Number: |
S2135389B |
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Address: |
68 Geylang Bahru
#02-3239 |
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Nationality: |
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Date of
Appointment: |
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3 |
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Name: |
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Position: |
Director |
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ID Number: |
S7110180J |
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Address: |
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Nationality: |
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Date of
Appointment: |
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4 |
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Name: |
Sanjay Sunder
Samnani |
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Position: |
Secretary |
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ID Number: |
S7110180J |
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Address: |
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Nationality: |
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Date of
Appointment: |
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5 |
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Name: |
Samnani Neeraj
Sunder |
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Position: |
Director |
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ID Number: |
S |
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Address: |
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Nationality: |
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Date of
Appointment: |
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Personnel
Structure
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Total Employees |
Operation Information
Offices
& Factories
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Office |
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Address: |
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l
The subject manufactures Punjabi suits, Mix and
Match items for the Indian and Malay Market, Prayer items, Petticoats and
Sarongs.
l
The subject also manufactures dress
materials which are suitable for Punjabi suits and Malay Baju Kurong and
Kebaya.
Purchase
l
The subject’s saree collection comes from many
parts of
l
The subject also purchases
raw materials for making dress materials.
Sales
Information
l
The subject’s popular products are Lady Hamilton Sarees, Trishul Sarees from
l
Its present business is the local distribution of
goods to retailers and cash and carry buyers throughout
l
The subject also distributes Punjabi
suits, Mix and Match items for both the Indian and Malay Market, Prayer
items, Petticoats and Sarongs.
l
The subject supplies goods to some parts of Europe,
South East Asia and
Settlements
Purchase
Domestic Markets
|
Products |
Payment Terms |
Proportion |
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Raw materials
for making dress materials |
Overseas Markets
|
Products |
Payment Terms |
Proportion |
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Lady Hamilton
Sarees, Trishul Sarees |
Domestic Markets
|
Sales Terms |
Proportion |
|
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Punjabi suits,
etc |
CBD, etc |
100% |
Overseas Markets
|
Product |
Sales Terms |
Proportion |
|
Punjabi suits,
etc |
CBD, etc |
100% |
Financial Figures
Balance
Sheet
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Total Assets |
31,565,950.00 |
18,499,039.00 |
13,530,567.00 |
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Total Current Assets |
22,470,268.00 |
13,969,657.00 |
11,937,010.00 |
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Total Non-Current Assets f.k.a. [Fixed And Others] |
9,095,682.00 |
4,529,382.00 |
1,593,557.00 |
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Total Liabilities |
25,187,826.00 |
14,308,657.00 |
10,536,144.00 |
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Total Current Liabilities |
24,671,518.00 |
14,263,246.00 |
10,520,866.00 |
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Total Non-Current Liabilities |
516,308.00 |
45,411.00 |
15,278.00 |
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Total Equity f.k.a [Shareholder's Funds] |
6,378,124.00 |
4,190,382.00 |
2,994,423.00 |
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Paid-Up Capital |
N.A. |
2,414,012.00 |
1,241,542.00 |
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Share Capital |
2,414,012.00 |
- |
- |
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Other Reserves, Total f.k.a. [Reserves] |
0.00 |
1,776,370.00 |
1,752,881.00 |
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Retained Earnings/(Accumulated Loss) |
3,964,112.00 |
0.00 |
0.00 |
Profit/Loss
Account
Unit: USD
(As of 2011.05, 1 SGD = 0.8139 USD)
Financial
Ratio
|
|
2007 |
2006 |
2005 |
|
Earning Capacity |
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Rate of Net Profit on Sales (%) |
0.00 |
1.13 |
0.85 |
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Return of Investment (%) |
0.00 |
6.46 |
4.70 |
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Return of Shareholder's Funds (%) |
0.00 |
28.54 |
21.24 |
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Total Assets Turnover (%) |
0.00 |
5.70 |
5.52 |
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Financial Stability |
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Current/Working Capital Ratio (%) |
0.91 |
0.98 |
1.13 |
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Proprietary Ratio (%) |
20.21 |
22.65 |
22.13 |
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Total Debt to Equity Ratio (%) |
79.79 |
77.35 |
77.87 |
Bankers
Open Account
Bank
|
Name: |
DBS Bank |
Auditors
|
Name: |
Natarajan &
Swaminathan |
Public
Charges
|
Charge 1 |
|
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Charge Number: |
C201009024 |
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Date of
Registration: |
|
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Name: |
Malayan Banking
Berhad |
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Amount Secured: |
All Monies |
Interview Details
|
Name: |
Mr. Sanjay Sunder
Samnani |
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.44.69 |
|
|
1 |
Rs.73.12 |
|
Euro |
1 |
Rs.64.39 |
RATING EXPLANATIONS
|
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 |
|
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 |
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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 |
-- |
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.