MIRA INFORM REPORT
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Report Date : |
23.05.2011 |
IDENTIFICATION DETAILS
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Name : |
SAI EXPORTS PTE. LTD. |
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Registered Office : |
35 Selegie Road
#01-21 Parklane Shopping Mall Singapore 188307 |
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Country : |
Singapore |
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Date of Incorporation : |
22.02.2008 |
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Com. Reg. No.: |
200803617M |
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Legal Form : |
Limited Exempt Private Company |
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Line of Business : |
Trading in Commodities |
RATING & COMMENTS
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MIRA’s Rating : |
Ca |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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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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Status : |
Moderate |
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Payment
Behaviour : |
Unknown |
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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 |
|
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: |
Sai Exports Pte.
Ltd. |
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Supplied Name: |
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Supplied Address: |
BLK 651, Punggol Central, #03-308, Punggol,
Singapore 820651, Singapore |
Credit
Summary
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Credit Rating: |
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Credit Opinion: |
Since we did
not get in touch with subject, in view of the absence of information about subject’s
operation, caution should be exercised. |
Special
Notes
The supplied phone
number +971-4-2262723 belong to UAE and the line is always busy.
We tried to contact subject through the phone
number +65-6401-3917 obtained from public files, no one answered the phone and
we have tried for several times, but the results acts as the same.
No other valid contact information of subject
was found according to the supplied name or address from public files.
Subject’s registration files show subject’s
principal activities as follows:
|
47199 |
Trading In Commodities |
From public files, we found that subject is
engaged in sales of precious stones, jewellery and watches, while the
information is not confirmed.
We will keep trying and update the report if
there is anything new returned.
We found subject’s registration information
from local registry, supplying as follows for reference.
Company
Identification Details
|
Registered Name: |
|
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Registered Address: |
35 Selegie
Road #01-21 Parklane Shopping Mall Singapore 188307 |
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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: |
SGD 50,001 (USD 40,696) (As of 2011.05, 1 SGD = 0.8139
USD) |
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Paid-up Capital: |
SGD 50,001 (USD 40,696) = 50,001 Shares@1
SGD |
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Legal Form: |
Limited Exempt Private Company |
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Principal Activities: |
47199-- Trading In Commodities |
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N/A |
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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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Notes: Information on staff is not available from subject or other sources.
History
Subject was
incorporated on
Shareholders
|
Subscription
Amount |
Proportion
of Investment (%) |
|
|
Shah Vaishal Sudhirbhai |
50,001 |
100% |
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Total |
50,001 |
100% |
Major Shareholder Information:
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Name: |
Shah Vaishal Sudhirbhai |
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ID Number: |
S7980624B |
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Address: |
651 Punggol Central #03-308 Singapore
820651 |
Subsidiaries &
Branches
We can not confirm whether subject has any
subsidiaries or branches.
Manage
Information
Detailed Information of Management:
|
1 |
|
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Name: |
Shah Vaishal Sudhirbhai |
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Position: |
Director |
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ID Number: |
S7980624B |
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Address: |
651 Punggol Central #03-308 Singapore
820651 |
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Nationality: |
Singapore Citizen |
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Date of Appointment: |
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2 |
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Name: |
Shah Mansi Vaishal |
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Position: |
Secretary |
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ID Number: |
S |
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Address: |
651 Punggol Central #03-308 Singapore
820651 |
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Nationality: |
Singapore P.R. |
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Date of Appointment: |
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Operation
Information
Subject’s registration files show subject’s
principal activities as follows:
|
47199 |
Trading In Commodities |
From public files, we found that subject is engaged
in sales of precious stones, jewellery and watches, while the information is
not confirmed.
Settlements
Information on
settlement is not available from subject or other sources.
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.
Since we did not get in touch with subject,
thus the information is not available at this stage.
Bankers
Information on bank
details is not available from subject or other sources.
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 |
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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 |
|
<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.