MIRA INFORM REPORT

 

 

Report Date :           

27.05.2011

 

IDENTIFICATION DETAILS

 

Name :

GRAINS AND SPICES

 

 

Registered Office :

70 Bayshore Road, #02-10, Costa Del Sol Singapore 469987

 

 

Country :

Singapore

 

 

Date of Incorporation :

09.10.2008

 

 

Com. Reg. No.:

53127100E

 

 

Legal Form :

Sole Proprietorship

 

 

Line of Business :

General Importer and Exporter

Brokerage and Commission Agent

 

RATING & COMMENTS

 

MIRA’s Rating :

B

 

RATING

STATUS

PROPOSED CREDIT LINE

26-40

B

Capability to overcome financial difficulties seems comparatively below average.

Small

 

Status :

Moderate

Payment Behaviour :

Unknown

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

 

 Bottom of Form

 

Contact Points

 

Company Name:

Grains And Spices

Supplied Name:

Grains & Spices

Supplied Address:

BLK 7002-10 Bayshore Road Coasta Delsol, Singapore

Notes: Subject’s registered name is as above.

 

 

Credit Summary

 

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.

 

Notes: we can not confirm whether subject’s ZIP code is 469987.

 

Special Notes

 

We did not find any operation information or contact information of subject from public files according to the supplied name or address.

Registered files show subject’s principal activities as follows, while since we did not get in touch with subject, the information can not be confirmed.

 

46900

General Importer And Exporter

66124

Brokerage And Commission Agent

 

Up to the date of reporting, we failed to get in touch with subject, if you kindly supply other contact information, we’d like to continue our investigation.

 

We found the registration files of subject from local registry, supplying as follows for reference.

 

 

Company Identification Details

 

Registered Name:

Grains And Spices

Registered Address:

70 Bayshore Road, #02-10, Costa Del Sol Singapore 469987

Commencement Date：

2008-10-3

Date of Registration::

2008-10-9

Renewal Date:

2010-8-10

Expiry Date：

2011-10-9

Registered Number:

53127100E

Registered Capital:

N/A

Legal Form:

Sole Proprietorship

Principal Activities:

46900--General Importer And Exporter

66124--Brokerage And Commission Agent

Staff:

N/A

Status:

Live

Listed at Stock Exchange:

No

Notes: It is not required for Sole Proprietorship to register capital and the staff information is not available.

 

 

History

 

Subject was incorporated on 2008-10-9 with registered number 53127100E as Sole Proprietorship in Singapore.

 

 

Owner

 

Name:

Mrs Pallvi Kartik Avlani

ID Number:

S7337036A

Address:

70 Bayshore Road #02-10 Costa Del Sol Singapore 469987

Nationality:

Singapore Citizen

Date of Appointment:

2008-10-3

 

 

Subsidiaries & Branches

 

We can not confirm whether subject has any subsidiaries or branches.

 

 

Operation Information

 

We can not find any contact information or operation information of subject from public files.

 

Registered files show subject’s principal activities as follows, while since we did not get in touch with subject, the information can not be confirmed.

 

46900

General Importer And Exporter

66124

Brokerage And Commission Agent

 

 

Settlements

 

The settlement information is not available from subject or other source.

 

Financial Information

 

Subject has no obligations to disclose its financial statements to the third party according to the relevant policy in Singapore, subject did not submit the financial information to the local registry and the only source from which we can obtain the information is the subject itself.

 

Since we did not find subject, the information is not available.

 

 

Bankers

 

The bank details are not available from subject or other source.

FOREIGN EXCHANGE RATES

 

Currency
Unit

Indian Rupees

US Dollar

1

Rs.45.29

UK Pound

1

Rs.73.84

Euro

1

Rs.64.18

 

 

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%)

 

 

 

PRIVATE & CONFIDENTIAL : This information is provided to you at your request, you having employed MIPL for such purpose. You will use the information as aid only in determining the propriety of giving credit and generally as an aid to your business and for no other purpose. You will hold the information in strict confidence, and shall not reveal it or make it known to the subject persons, firms or corporations or to any other. MIPL does not warrant the correctness of the information as you hold it free of any liability whatsoever. You will be liable to and indemnify MIPL for any loss, damage or expense, occasioned by your breach or non observance of any one, or more of these conditions

This report is issued at your request without any risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL) or its officials.