MIRA INFORM
REPORT
|
Report Date : |
25.05.2011 |
IDENTIFICATION DETAILS
|
Name : |
REGINA METAL PTE. LTD. |
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Registered Office : |
120 Telok Ayer Street Singapore 068589 |
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Country : |
Singapore |
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Financials (as on) : |
31.12.2010 |
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Date of Incorporation : |
30.05.2007 |
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Com. Reg. No.: |
200709556M |
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Legal Form : |
Private Limited Liability Company |
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Line of Business : |
Export of Metal, hardware |
RATING & COMMENTS
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MIRA’s Rating : |
B |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
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Maximum Credit Limit : |
USD 20,000 |
|
Status : |
Moderate |
|
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 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
|
Moderate |
B1 |
|
High |
B2 |
|
Very High |
C1 |
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Restricted |
C2 |
|
Off-credit |
D |
Contact Points
|
Company Name: |
Regina Metal Pte.
Ltd. |
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Supplied Name: |
|
|
Supplied Address: |
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Credit
Summary
|
Credit Rating: |
|
|
Credit Opinion: |
Company
Identification Details
|
Registered Name: |
|
|
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: |
SGD 72,100 (USD 57,802.57) (As of 2011.05, 1 SGD = 0.8017 USD) |
|
Paid-up Capital: |
SGD 72,100 (USD 57,802.57) = 72,100 Shares@1 SGD |
|
Legal Form: |
Private Limited Liability Company |
|
Principal Activities: |
Export of Metal, hardware |
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Status: |
Live Company |
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Listed at Stock Exchange: |
No |
|
Date of Last Annual Return: |
|
History
Subject
was incorporated on
Shareholders
|
Subscription Amount |
Proportion of Investment (%) |
|
|
Rakesh Sharma |
64,890 |
90% |
|
Ajay Gautam |
7,210 |
10% |
|
Total |
72,100 |
100% |
Major Shareholder
Information:
|
1 |
|
|
Name: |
Rakesh Sharma |
|
Value: |
SGD 64,890 |
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ID Number: |
G6196365R |
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Address: |
3 Tanah Merah Kechil Road #15-02 Tanamera, The Singapore 466664 |
|
Nationality: |
Indian |
|
2 |
|
|
Name: |
Ajay Gautam |
|
Value: |
SGD 7,210 |
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ID Number: |
S |
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Address: |
487 Yio |
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Nationality: |
Singapore P.R. |
Subsidiaries &
Branches
Manage
Information
Detailed Information of Management:
|
1 |
|
|
Name: |
Rakesh Sharma |
|
Position: |
Director |
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ID Number: |
G6196365R |
|
Address: |
3 Tanah Merah Kechil Road #15-02 Tanamera, The Singapore 466664 |
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Nationality: |
Indian |
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Date of Appointment: |
|
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2 |
|
|
Name: |
Ragini Dhanvantray |
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Position: |
Secretary |
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ID Number: |
S |
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Address: |
18 Marina Boulevard #44-01 Marina Bay Residences Singapore 018980 |
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Nationality: |
Singapore P.R. |
|
Date of Appointment: |
|
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3 |
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|
Name: |
Ajay Gautam |
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Position: |
Director |
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ID Number: |
S |
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Address: |
487 Yio |
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Nationality: |
Singapore P.R. |
|
Date of Appointment: |
|
Personnel Structure
|
Total Employees |
Operation
Information
Offices & Factories
|
|
Office |
|
Address: |
Purchase
The subject purchases metal,
hardware.
The
subject purchases foreign countries.
Sales Information
The
subject is engaged in sales of metal, hardware.
The subject sells products around
the world.
Settlements
Purchase
Domestic Markets
The subject seldom purchases from
the domestic markets.
Overseas Markets
|
Products |
Payment Terms |
Proportion |
|
Metal, hardware |
CBD, etc |
100% |
Domestic Markets
|
Sales Terms |
Proportion |
|
|
Metal, hardware |
CBD, etc |
100% |
Overseas Markets
|
Product |
Sales Terms |
Proportion |
|
Metal, hardware |
CBD, etc |
100% |
Financial
Figures
Balance Sheet
Unit: USD
|
|
|
|
Total
Assets |
8,103,867.00 |
|
Total
Current Assets |
8,054,933.00 |
|
Total
Non-Current Assets f.k.a. [Fixed
And Others] |
48,934.00 |
|
Total
Liabilities |
7,676,921.00 |
|
Total
Current Liabilities |
7,670,785.00 |
|
Total
Non-Current Liabilities |
6,136.00 |
|
Total
Equity f.k.a [Shareholder's Funds] |
426,946.00 |
|
Paid-Up
Capital |
N.A. |
|
Share
Capital |
1.00 |
|
Other
Reserves, Total f.k.a. [Reserves] |
0.00 |
|
Retained
Earnings/(Accumulated Loss) |
426,945.00 |
Profit/Loss Account
Unit: USD
|
|
2010 |
|
Revenue
f.k.a [Sales Turnover And Other
Operating Revenues] |
9,075,633.00 |
|
Profit/(Loss)
before Tax from Continuing
Operations f.k.a [Profit/(Loss)
before tax] |
492,503.00 |
|
Profit/(Loss)
after Tax from Continuing
Operations f.k.a [Profit/(Loss)
After Tax] |
426,945.00 |
|
Net
Income/(Loss) From Extraordinary And Non-Operating Items |
N.A. |
|
Profit/(Loss)
After Tax and Extraordinary
Items |
N.A. |
Financial Ratio
|
|
2010 |
|
Earning Capacity |
|
|
Rate
of net profit on sales (%) |
4.70 |
|
Return
of investment (%) |
5.27 |
|
Return
of shareholder's funds |
100.00 |
|
Total
assets turnover (%) |
1.12 |
|
Financial Stability |
|
|
Current/working
capital ratio (%) |
1.05 |
|
Proprietary
ratio (%) |
5.27 |
|
Total
debt to equity ratio (%) |
94.73 |
Bankers
Open Account Bank
|
Name: |
DBS Bank |
Auditors
|
Name: |
Tan, Teo & Partners Pac |
Public
Charges
No charge information was found from public files.
Interview
Details
|
Name: |
Ajay Gautam |
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.45.25 |
|
UK Pound |
1 |
Rs.72.82 |
|
Euro |
1 |
Rs.63.58 |
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 |
|
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NB |
New Business |
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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.