MIRA INFORM REPORT
|
Report Date : |
23.05.2011 |
IDENTIFICATION DETAILS
|
Name : |
Adityaa Energy Resource Pte Ltd |
|
|
|
|
Registered Office : |
3 Shenton Way #22-03 Shenton House Singapore 068805 |
|
|
|
|
Country : |
Singapore |
|
|
|
|
Date of Incorporation : |
03.02.2001 |
|
|
|
|
Com. Reg. No.: |
200100715K |
|
|
|
|
Legal Form : |
Limited Exempt Private Company |
|
|
|
|
Line of Business : |
Import and sales of mineral resources |
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 20,000 |
|
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
Notes:
Subject’s exact name and
address are as above.
Credit
Summary
|
Credit Rating: |
|
|
Credit Opinion: |
Company
Identification Details
|
Registered Name: |
Adityaa Energy Resource Pte Ltd |
|
Registered Address: |
3 Shenton Way #22-03 Shenton House
Singapore 068805 |
|
Date of Registration:: |
|
|
Registered Number: |
200100715K |
|
Country of Incorporation: |
Singapore |
|
Registered Capital: |
SGD 2,500,000 (USD 2,034,750) (As of 2011.05, 1 SGD = 0.8139
USD) |
|
Paid-up Capital: |
SGD 2,500,000 (USD 2,034,750) = 2,500,000 Shares@1
SGD |
|
Legal Form: |
Limited Exempt Private Company |
|
Principal Activities: |
Import and sales of mineral resources |
|
N/A |
|
|
Status: |
Live Company |
|
Listed at Stock Exchange: |
No |
|
Date of Last Annual Return: |
|
Notes: Subject did not introduce its staff information; from other source we
can not obtain the information, either.
History
Subject was
incorporated on
Shareholders
|
Subscription
Amount |
Proportion
of Investment (%) |
|
|
2,499,990 |
99.9996% |
|
|
Ashok
kumar shrimathi |
10 |
0.0004% |
|
Total |
2,500,000 |
100% |
Major Shareholder Information:
|
1 |
|
|
Name: |
Deivendhran Ashok Kumar |
|
ID Number: |
S7064102Z |
|
Address: |
7 Tanjong Rhu Road #21-04 Waterside, The
Singapore 436887 |
|
Nationality: |
Singapore P.R. |
|
2 |
|
|
Name: |
Ashok Kumar Shrimathi |
|
ID Number: |
S7163972Z |
|
Address: |
7 Tanjong Rhu Road #21-04 Waterside, The
Singapore 436887 |
|
Nationality: |
Singapore P.R. |
Subsidiaries &
Branches
Subject did not introduce whether it has any
subsidiaries or branches, from other source we can not obtain the relevant information,
either.
Manage
Information
Detailed Information of Management:
|
1 |
|
|
Name: |
Deivendhran Ashok Kumar |
|
Position: |
Director |
|
ID Number: |
S7064102Z |
|
Address: |
7 Tanjong Rhu Road #21-04 Waterside, The
Singapore 436887 |
|
Nationality: |
Singapore P.R. |
|
Date of Appointment: |
|
|
2 |
|
|
Name: |
Ashok Kumar Shrimathi |
|
Position: |
Director |
|
ID Number: |
S7163972Z |
|
Address: |
7 Tanjong Rhu Road #21-04 Waterside, The
Singapore 436887 |
|
Nationality: |
Singapore P.R. |
|
Date of Appointment: |
|
|
3 |
|
|
Name: |
Robin Lim Boon Cheng |
|
Position: |
Secretary |
|
ID Number: |
S1249098D |
|
Address: |
121 Bukit Batok Central |
|
Nationality: |
Singapore Citizen |
|
Date of Appointment: |
|
Operation
Information
Offices & Factories
|
|
Office |
|
Address: |
3 Shenton
Way, Haz 22-03 Shenton House Singapore 068805, Singapore |
Production Information
l
Subject
is a trader of mineral resources without any production activities.
Purchase Information
l
Subject
did not introduce its purchasing information.
Sales Information
l
Subject
is engaged in sales of mineral resources such as coal.
l
It is
introduced that all of subject supplies coal to various major industries in
India like Power, Cement and Paper, etc
Major Customers:
|
Power |
The Ahmedabad Electricity Company Ltd. Tata Power Company Ltd. Reliance Energy Ltd. CESC Ltd. Terra Energy Ltd. Gujarat Electricity Board. GMR Technologies & Industries Ltd |
|
Cement |
The India Cements Ltd. The KCP Ltd. Chettinad Cement Corporation Ltd. Dalmia Cement (Bharat) Ltd. Larsen & Toubro Ltd - Cement Division. The Madras Cements Ltd. Deccan Cement Ltd. Shree Chakra Cements Ltd. Priyadarshini Cements Ltd. Digvijay Cements Ltd. Grasim Industries Ltd. - Cement Division and Minor Cement Units for their daily
requirements |
|
Chemicals and Ferti |
Asian Paints (I) Ltd. The Gujarat Narmada Valley Fertilisers Co
Ltd. Sri Shakti Chemicals. Athiappa Chemicals (Pvt) Ltd. Ramakrishna Chemicals (Pvt) Ltd. Chemplast Sanmar Ltd. |
|
Sugar and Bio Mass Plants |
Mohan Breweries and Distilleries Ltd. Nestle India Ltd. Hindustan Lever Ltd. E.I.D Parry Agro Ltd (Tea Factory) Bannariamman Sugars Ltd. Delta Sugars Ltd. Davangere Sugars. Shamanur Sugars. |
|
Paper |
Seshasayee Paper & Boards Ltd. Sri Venkatesa Paper and Boards Ltd. South India Paper Mills. Sun Paper Mills Ltd. Sri Rajalakshmi Paper and Boards Ltd. West Coast Paper Mills Delta Paper Mills Ltd. Servalakshmi Paper & Boards Ltd. Rama Newsprint & Papers Ltd |
|
Others |
Anglo French Textiles Ltd Adya Marketing Brick Chamber and Klins Nagarjuna Construction Co. Ltd |
Settlements
Purchase
Subject did not introduce the purchasing
terms.
Domestic
Markets
Subject has little domestic
sales.
Overseas
Markets
|
Product |
Sales Terms |
Proportion |
|
Coal, etc |
CBD, etc |
100% |
Financial Information
Subject has no
obligations to disclose its financial statements to the third party according
to the relevant policy in Singapore and the only source from which we can obtain
the information is the subject itself.
Subject’s staff
declined to disclose the financial information citing the grounds of company’s confidentiality;
from other source we can not obtain the relevant information, either.
Bankers
Bank Charges
|
Charge 1 |
|
|
Charge Number: |
C200404632 |
|
Date of
Registration: |
|
|
Name: |
Standard
Chartered Bank |
|
Amount Secured: |
All Monies |
|
Charge 2 |
|
|
Charge Number: |
C200801400 |
|
Date of
Registration: |
|
|
Name: |
Standard
Chartered Bank |
|
Amount Secured: |
All Monies |
Auditors
|
Name: |
BAKER TILLY TFW
LLP |
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.44.93 |
|
UK Pound |
1 |
Rs.72.92 |
|
Euro |
1 |
Rs.64.34 |
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%)
This report is issued at your request without any
risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL)
or its officials.