MIRA INFORM
REPORT
|
Report Date : |
26.05.2011 |
IDENTIFICATION DETAILS
|
Name : |
GENSTAR INTERNATIONAL PTE. LTD. |
|
|
|
|
Formerly Known As : |
Group-Link Pte. Ltd. |
|
|
|
|
Registered Office : |
1 North Bridge Road #12-09 High Street Centre Singapore
179094 |
|
|
|
|
Country : |
Singapore |
|
|
|
|
Financials (as on) : |
31.12.2006 |
|
|
|
|
Date of Incorporation : |
14.05.2002 |
|
|
|
|
Com. Reg. No.: |
200204068N |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
|
|
|
|
Line of Business : |
Import and export of Metal Ingots |
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 40,000 |
|
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
Credit
Summary
|
Credit Rating: |
|
|
Credit Opinion: |
Company
Identification Details
History
Subject
was incorporated on
|
Date |
Change |
|
|
Group-Link Pte. Ltd. |
|
|
Genstar
International Pte. Ltd. |
Shareholders
|
Subscription Amount |
Proportion of Investment (%) |
|
|
Tan Gar Soon |
160,000 |
40% |
|
Abdul Salam S/O M Yooshuf |
160,000 |
40% |
|
Omardin Nagoor Anifa |
80,000 |
20% |
|
Total |
400,000 |
100% |
Major Shareholder
Information:
|
1 |
|
|
Name: |
Tan Gar Soon |
|
Value: |
SGD 160,000 |
|
ID Number: |
S1491901E |
|
Address: |
571 Hougang Street 51 #10-117 Singapore 530571 |
|
Nationality: |
Singapore Citizen |
|
2 |
|
|
Name: |
Abdul Salam S/O M Yooshuf |
|
Value: |
SGD 160,000 |
|
ID Number: |
S6824215J |
|
Address: |
107 Bukit Purmei Road #03-39 Singapore 090107 |
|
Nationality: |
Singapore Citizen |
|
3 |
|
|
Name: |
Omardin Nagoor Anifa |
|
Value: |
SGD 80,000 |
|
ID Number: |
S7278427H |
|
Address: |
417 Serangoon Central #02-458 Singapore 550417 |
|
Nationality: |
Singapore Citizen |
Subsidiaries &
Branches
Manage
Information
Core Management
Detailed Information of Management:
|
1 |
|
|
Name: |
Tan Gar Soon |
|
Position: |
Director |
|
ID Number: |
S1491901E |
|
Address: |
571 HOUGANG STREET 51 #10-117 Singapore 530571 |
|
Nationality: |
Singapore Citizen |
|
Date of Appointment: |
|
|
2 |
|
|
Name: |
Abdul Salam S/O M Yooshuf |
|
Position: |
Director |
|
ID Number: |
S6824215J |
|
Address: |
107 Bukit Purmei Road #03-39 Singapore 090107 |
|
Nationality: |
Singapore Citizen |
|
Date of Appointment: |
|
|
3 |
|
|
Name: |
Shanmugam Narasimhan |
|
Position: |
Secretary |
|
ID Number: |
S7178383I |
|
Address: |
|
|
Nationality: |
Singapore Citizen |
|
Date of Appointment: |
|
|
4 |
|
|
Name: |
Omardin Nagoor Anifa |
|
Position: |
Director |
|
ID Number: |
S7278427H |
|
Address: |
417 Serangoon Central #02-458 Singapore 550417 |
|
Nationality: |
Singapore Citizen |
|
Date of Appointment: |
|
Personnel Structure
|
Total Employees |
Operation
Information
Offices & Factories
|
|
Office |
|
Address: |
25, Dalhouise Lane, 209689 Singapore |
Purchase
The subject purchases Metal
Ingots.
The
subject purchases from foreign markets.
Sales Information
The subject is a trader of Metal Ingots in the markets of
Asia Pacific and Europe.
The
products are including Zinc Ingots, Lead Ingots, Copper Ingots and Aluminum
Ingots.
Settlements
Purchase
Domestic Markets
The subject seldom purchases from domestic
markets.
Overseas Markets
|
Products |
Payment Terms |
Proportion |
|
Metal Ingots |
CBD, etc |
100% |
Domestic Markets
|
Sales Terms |
Proportion |
|
|
Metal Ingots |
CBD, etc |
100% |
Overseas Markets
|
Product |
Sales Terms |
Proportion |
|
Metal Ingots |
CBD, etc |
100% |
Financial Figures
Balance Sheet
Unit: SGD
|
|
|
|
|
|
Total
Assets |
734,425.00 |
503,082.00 |
370,275.00 |
|
Total
Current Assets |
703,875.00 |
501,617.00 |
367,346.00 |
|
Total
Non-Current Assets f.k.a. [Fixed
And Others] |
30,550.00 |
1,464.00 |
2,928.00 |
|
|
|
|
|
|
Total
Liabilities |
242,613.00 |
34,764.00 |
15,213.00 |
|
Total
Current Liabilities |
206,032.00 |
34,764.00 |
15,213.00 |
|
Total
Non-Current Liabilities |
36,581.00 |
0.00 |
0.00 |
|
Total
Equity f.k.a [Shareholder's Funds] |
491,812.00 |
468,318.00 |
355,062.00 |
|
Paid-Up
Capital |
400,000.00 |
400,000.00 |
310,000.00 |
|
Share
Capital |
- |
- |
- |
|
Other
Reserves, Total f.k.a. [Reserves] |
91,812.00 |
68,318.00 |
45,062.00 |
|
Retained
Earnings/(Accumulated Loss) |
0.00 |
0.00 |
0.00 |
Profit/Loss Account
Unit: SGD
|
|
2006 |
2005 |
2004 |
|
Revenue
f.k.a [Sales Turnover And Other
Operating Revenues] |
5,390,627.00 (USD 4,334,603.1707) |
4,562,864.00 |
3,662,806.00 |
|
Profit/(Loss)
before Tax from Continuing
Operations f.k.a [Profit/(Loss)
before tax] |
26,074.00 |
25,633.00 |
30,278.00 |
|
Profit/(Loss)
after Tax from Continuing
Operations f.k.a [Profit/(Loss)
After Tax] |
23,493.00 |
23,255.00 |
27,854.00 |
|
Net
Income/(Loss) From Extraordinary And Non-Operating Items |
0.00 |
0.00 |
0.00 |
|
Profit/(Loss)
After Tax and Extraordinary
Items |
23,493.00 |
23,255.00 |
27,854.00 |
(As of 2011.05, 1 SGD = 0.8041 USD)
Financial Ratio
|
|
2006 |
2005 |
2004 |
|
Earning Capacity |
|
|
|
|
Rate
of net profit on sales (%) |
0.44 |
0.51 |
0.76 |
|
Return
of investment (%) |
3.20 |
4.62 |
7.52 |
|
Return
of shareholder's funds |
4.78 |
4.97 |
7.84 |
|
Total
assets turnover (%) |
7.34 |
9.07 |
9.89 |
|
Financial Stability |
|
|
|
|
Current/working
capital ratio (%) |
3.42 |
14.43 |
24.15 |
|
Proprietary
ratio (%) |
66.97 |
93.09 |
95.89 |
|
Total
debt to equity ratio (%) |
33.03 |
6.91 |
4.11 |
Bankers
Open Account Bank
|
Name: |
DBS Bank |
Auditors
|
Name: |
Feroz Khan & Co |
Public
Charges
No charges information was found from public files.
Interview
Details
|
Name: |
Mr. A Salam Ey |
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.45.38 |
|
UK Pound |
1 |
Rs.73.31 |
|
Euro |
1 |
Rs.63.70 |
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.