MIRA INFORM REPORT
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Report Date : |
08.11.2011 |
IDENTIFICATION DETAILS
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Name : |
BARY CHEMICAL PTE. LTD. |
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Registered Office : |
400 Orchard Road #15-06 Orchard Towers Singapore 238875 |
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Country : |
Singapore |
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Date of Incorporation : |
11.01.2007 |
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Com. Reg. No.: |
200700627M |
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Legal Form : |
Limited Exempt Private Company |
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Line of Business : |
Wholesale of Chemical fertilizer |
RATING & COMMENTS
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MIRA’s Rating : |
B |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
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Maximum Credit Limit : |
USD 40,000 |
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Status : |
Moderate |
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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 – September 30th, 2011
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Country Name |
Previous Rating (30.06.2011) |
Current Rating (30.09.2011) |
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Singapore |
a1 |
a1 |
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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: |
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Supplied Name: |
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Supplied
Address: |
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Fax Number: |
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Notes: Subject’s exact name and address are as
above.
Credit
Summary
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Credit Rating: |
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Credit Opinion: |
Company
Identification Details
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Registered
Name: |
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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
1,000,000 (USD 787,200) (As
of 2011.11, 1 SGD = 0.7872 USD) |
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Paid-up
Capital: |
SGD
1,000,000 (USD 787,200) = 1,000,000 Shares@1 SGD |
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Legal
Form: |
Limited
Exempt Private Company |
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Principal
Activities: |
46642--Wholesale
Of Chemical fertilizer |
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Over10 Employees (including employees in China
Office) |
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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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History
Subject was incorporated on
Shareholders
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Subscription Amount |
Proportion of Investment (%) |
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999,999 |
99.9999% |
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Hu Zhigang |
1 |
0.0001% |
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Total |
1,000,000 |
100% |
Major Shareholder
Information:
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1 |
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Name: |
Dong Kun |
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ID Number: |
G49637130 |
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Address: |
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2 |
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Name: |
Hu Zhigang |
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ID Number: |
S |
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Address: |
2 Toh Yi Drive
#14-165 Singapore 590002 |
Subsidiaries &
Branches
It is introduced
that subject has an office in Dalian, Liaoning Province, China to deal with the
logistic business and customs documents, etc. while the details are not
disclosed.
Management
Information
Detailed
Information of Management:
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1 |
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Name: |
Dong Kun |
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Position: |
Director |
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ID Number: |
G49637130 |
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Address: |
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Nationality: |
Chinese |
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Date of
Appointment: |
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2 |
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Name: |
Koh Ai Peng Amy |
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Position: |
Secretary |
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ID Number: |
S |
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Address: |
6 Toh Yi Drive
#08-243 Singapore 590006 |
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Nationality: |
Singapore
Citizen |
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Date of
Appointment: |
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3 |
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Name: |
Hu Zhigang |
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Position: |
Director |
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ID Number: |
S |
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Address: |
2 Toh Yi Drive
#14-165 Singapore 590002 |
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Nationality: |
Singapore
Citizen |
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Date of
Appointment: |
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Personnel
Structure
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Total Employees |
Operation
Information
Offices
& Factories
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Office |
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Address: |
Production
Information
l
Subject is trader of chemical fertilizer without
any production activities.
Purchase
Information
l
It is introduced that subject purchases chemical
fertilizer mainly from China.
Sales
Information
l
Subject is engaged in sales of chemical fertilizer
including urea, Di Ammonium Phosphate (DAP), and
Industrial Chemical Salt, etc
l
Subject’s products are both sold in domestic and
overseas market and it is introduced that subject exports to India, etc
l
It is introduced that subject’s annual trading
quantity is 300,000~500,000 tons.
Settlements
Purchase
Domestic Markets
Subject has little
domestic purchase
Overseas Markets
|
Products |
Payment Terms |
Proportion |
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Chemical
Fertilizer |
CBD, etc |
100% |
Domestic Markets
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Sales Terms |
Proportion |
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Chemical
Fertilizer |
CBD, etc |
100% |
Overseas Markets
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Product |
Sales Terms |
Proportion |
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Chemical
Fertilizer |
L/C |
100% |
Financial
Information
We did not find the
financial information of subject from local registry and the only source from
which we can obtain the relevant information is the subject itself.
Subject’s staff
Ms. Yang declined to disclose the financial information citing the grounds of
company’s confidentiality, from other source we can not obtain the relevant
information, either.
Bankers
Bank Charges
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1 |
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Charge Number |
C200811051 |
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Date of
Registration |
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Name |
The Hongkong And
Shanghai Banking Corporation Limited |
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All Monies |
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2 |
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Charge Number |
C201105817 |
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Date of
Registration |
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Name |
Citibank N.A. |
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Amount Secured |
All Monies |
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3 |
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Charge Number |
C201113117 |
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Date of
Registration |
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Name |
BNP Paribas |
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Amount Secured |
All Monies |
Auditors
|
Name: |
JEE AH CHIAN
& COMPANY |
Interview
Details
|
Name: |
Ms. Yang |
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Department: |
Sales department
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FOREIGN EXCHANGE RATES
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Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.49.08 |
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UK Pound |
1 |
Rs.78.65 |
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Euro |
1 |
Rs.67.79 |
RATING EXPLANATIONS
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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>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 |
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41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
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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 |
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<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.