MIRA INFORM REPORT

 

 

Report Date :           

01.11.2011

 

IDENTIFICATION DETAILS

 

Name :

NAMAZIE INTERNATIONAL PRIVATE LTD.

 

 

Registered Office :

143 Cecil Street, #19-01, GB Building Singapore 069542

 

 

Country :

Singapore

 

 

Financials (as on) :

2006

 

 

Date of Incorporation :

07.04.1955

 

 

Com. Reg. No.:

195500037N

 

 

Legal Form :

Private Limited Liability Company

 

 

Line of Business :

Import and sales of natural rubber

 

RATING & COMMENTS

 

MIRA’s Rating :

Ba

 

RATING

STATUS

PROPOSED CREDIT LINE

41-55

Ba

Overall operation is considered normal. Capable to meet normal commitments.

Satisfactory

 

Maximum Credit Limit :

USD 20,000

 

 

Status :

Satisfactory

 

 

Payment Behaviour :

Usually Correct

 

 

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 – September 30th, 2011

 

Country Name

Previous Rating

                   (30.06.2011)                  

Current Rating

(30.09.2011)

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

 

Company Name:

Namazie International Private Ltd.

Supplied Name:

Namazie International Ote Ltd.

Trading Address:

143 Cecil Street, #19-01 GB Building, Singapore 069542

Supplied Address:

143 Cecil Street, #19-01 GB Building, Singapore 069542

Telephone Number:

+65-65357339

Fax Number:

+65-65330669

Note: The exact subject’s name is as above mentioned.

 

 

Credit Summary

 

Credit Rating:

Maximum credit USD 20,000

Credit Opinion:

Business connections are permissible.

 

 

Company Identification Details

 

Registered Name:

Namazie International Private Ltd.

Registered Address:

143 Cecil Street, #19-01, GB Building Singapore 069542

Date of Registration::

1955-04-07

Registered Number:

195500037N

Country of Incorporation:

Singapore

Registered Capital:

SGD 13,469,500.00 (USD 1,037,630.55)

(As of 2011.10, 1 SGD = 0.7689 USD)

Paid-up Capital:

SGD 13,469,500.00 (USD 1,037,630.55)

= 134, 695Shares@100 SGD

Legal Form:

Private Limited Liability Company

Principal Activities:

Import and sales of natural rubber

Staff:

N/A

Status:

Live Company

Listed at Stock Exchange:

No

Date of Last Annual Return:

2010-12-02

Note: Information on staff number is not available from subject or other sources.

 

History

 

Subject was incorporated on 1955-04-07 with registered number 195500037N as Private Limited Liability Company in Singapore.

 

 

Shareholders

 

Name

Subscription Shares

Proportion of Investment (%)

Mohamed Reza Namazie

34,570

25.5%

Farah Namazie

30,860

23%

Mirza Mohammed Ali Namazie

34,570

25.5%

Transasia Resources Limited

34,695

26%

Total

134, 695

100%

 

Major Shareholder Information:

1

Name:

Mohamed Reza Namazie

ID Number:

S1308361D

Address:

145 Hillcrest Road Hillcrest Park Singapore289015

Nationality:

Singapore Citizen

2

Name:

Farah Namazie

ID Number:

S1684448I

Address:

38 A Andrew Road Caldecott Hill Estate Singapore 299956

Nationality:

Singapore Citizen

3

Name:

Mirza Mohammed Ali Namazie

ID Number:

S2012275G

Address:

38a Andrew Road Caldecott Hill Estate Singapore 299956

Nationality:

Singapore Citizen

4

Name:

Transasia Resources Limited

ID Number:

T10UF3337E

Address:

P O Box 17099  Jebel Ali Free Zone Dubai(Uae)

Nationality:

United Arab Emirates

 

 

Management Information

 

Core Management

Detailed Information of Management:

1

Name:

Mohamed Reza Namazie

Position:

Director

ID Number:

S1308361D

Address:

145 Hillcrest Road, Hillcrest Park Singapore 289015

Nationality:

Singapore Citizen

Date of Appointment:

1979-07-09

2

Name:

Farah Namazie

Position:

Director

ID Number:

S1684448I

Address:

38 A Andrew Road, Caldecott Hill Estate Singapore 299956

Nationality:

Singapore Citizen

Date of Appointment:

1989-11-20

3

Name:

Mirza Mohammed Ali Namazie

Position:

Director

ID Number:

S2012275G

Address:

38a Andrew Road, Caldecott Hill Estate Singapore 299956

Nationality:

Singapore Citizen

Date of Appointment:

1976-08-19

4

Name:

Khalili Bin Ismail

Position:

Secretary

ID Number:

S6831090C

Address:

639 Hougang Avenue 8, #03-147, Singapore 530639

Nationality:

Singapore Citizen

Date of Appointment:

2008-05-01

 

 

Operation Information

 

Offices & Factories

 

Office

Address:

143 Cecil Street, #19-01 GB Building, Singapore 069542

 

Purchase

l         Subject imports natural rubber from foreign markets.

l         Subject only purchases from foreign countries.

 

Products

Original area

Natural rubber

Malaysia, Indonesia, etc. 

 

Sales Information

l         Subject is engaged in the sales of natural rubber.

l         Subject has both domestic and foreign markets.

l         Subject sells about 7-8 thousand tons of products each month.

 

 

Settlements

 

Purchase

Domestic Markets

Note: Subject seldom purchases from domestic markets.

 

Overseas Markets

Products

Payment Terms

Proportion

Natural rubber

CBD, etc.

100%

 

Sales

Domestic Markets

Product

Sales Terms

Proportion

Natural rubber

CBD, etc.

100%

 

Overseas Markets

Product

Sales Terms

Proportion

Natural rubber

CBD, etc.

100%

 

 

Profit/Loss Account

Unit: SGD

Date

2006

 

 

Revenue f.k.a [Sales Turnover And

Other Operating Revenues]

66,091,733.00

 

 

Profit/(Loss) before Tax from

Continuing Operations f.k.a

[Profit/(Loss) before tax]

(1,581,006.00)

 

 

Profit/(Loss) after Tax from

Continuing Operations f.k.a

[Profit/(Loss) After Tax]

(1,581,006.00)

 

 

Net Income/(Loss) From Extraordinary And Non-Operating Items

0.00

 

 

Profit/(Loss) After Tax and

Extraordinary Items

(1,581,006.00)

 

 

Total Assets

12,678,370.00

 

 

Total Current Assets

4,131,684.00

 

 

Total Non-Current Assets f.k.a.

[Fixed And Others]

8,546,686.00

 

 

Total Liabilities

7,360,467.00

 

 

Total Current Liabilities

5,140,907.00

 

 

Total Non-Current Liabilities

2,219,560.00

 

 

Total Equity f.k.a [Shareholder's

Funds]

5,317,903.00

 

 

Paid-Up Capital

5,000,000.00

 

 

Share Capital

-

 

 

Other Reserves, Total f.k.a.

[Reserves]

1,800,000.00

 

 

Retained Earnings/(Accumulated

Loss)

(1,482,097.00)

 

 

 

 

Financial Ratio

 

Date

2006

 

 

Rate of Net Profit on Sales (%)

(2.39)

 

 

Return of Investment (%)

(12.47)

 

 

Return of Shareholder's Funds (%)

(29.73)

 

 

Total Assets Turnover (%)

5.21

 

 

Current/Working Capital Ratio (%)

0.80

 

 

Proprietary Ratio (%)

41.94

 

 

Total Debt to Equity Ratio (%)

58.06

 

 

 

 

Auditors

 

Name:

Stamford Associates Llp

 

 

Public

 

Charges

Charge 1

Charge Number:

C200505586

Date of Registration:

16-09-2005

Name:

Dbs Bank Ltd.

Amount Secured:

All Monies

Charge 2

Charge Number:

C200803530

Date of Registration:

15-04-2008

Name:

United Overseas Bank Limited

Amount Secured:

All Monies

Charge 3

Charge Number:

C200901136

Date of Registration:

18-02-2009

Name:

Standard Chartered Bank

Amount Secured:

All Monies

 

 

Interview Details

 

Name:

Tony

E-mail:

tony@natural-rubber.com

 

FOREIGN EXCHANGE RATES

 

Currency
Unit

Indian Rupees

US Dollar

1

Rs.48.87

UK Pound

1

Rs.78.11

Euro

1

Rs.68.36

 

 

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.