MIRA INFORM REPORT
|
Report Date : |
15.11.2011 |
IDENTIFICATION DETAILS
|
Name : |
CIS AGRIFERTS PTE LTD |
|
|
|
|
Registered Office : |
1 Amber Road #17-03 Amber Point Singapore 439845 |
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|
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|
Country : |
Singapore |
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|
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Date of Incorporation : |
13.07.2000 |
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|
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Com. Reg. No.: |
200006123H |
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|
|
|
Legal Form : |
Limited Exempt Private Company |
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Line of Business : |
Trading of agricultural chemicals, etc |
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 30,000 |
|
Status : |
Satisfactory |
|
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 – 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: |
CIS Agriferts Pte Ltd |
|
Supplied Name: |
|
|
Supplied
Address: |
101 Cecil Street, #15-10 Tong Eng Building, Singapore 069533 |
|
Fax Number: |
|
Notes: Subject’s exact name, address and current
valid contact are as above. And the owner of the E-mail address siddharth.cisagriferts@gmail.com
is on leave.
Credit
Summary
|
Credit Rating: |
|
|
Credit Opinion: |
Company
Identification Details
|
Registered Name: |
|
|
Registered
Address: |
|
|
Date of
Registration:: |
|
|
Registered
Number: |
200006123H |
|
Country of
Incorporation: |
Singapore |
|
Registered
Capital: |
SGD 200,002 (USD
157,442) (As of 2011.11, 1
SGD = 0.7872 USD) |
|
Paid-up Capital: |
SGD 200,002 (USD
157,442) = 200,002 Shares@1 SGD |
|
Legal Form: |
Limited Exempt
Private Company |
|
Principal
Activities: |
Trading of
agricultural chemicals, etc |
|
N/A |
|
|
Status: |
Live Company |
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Listed at Stock
Exchange: |
No |
|
Date of Last
Annual Return: |
|
Notes: Subject did not
introduce its staff information; from other source we can not obtain the
relevant information, either.
History
Subject was
incorporated on
Shareholders
|
Subscription Amount |
Proportion of Investment (%) |
|
|
20,000 |
10% |
|
|
Bharat Mekani |
45,001 |
22.5% |
|
Kirtida (Mrs Kirtida Mekani) |
135,001 |
67.5% |
|
Total |
200,002 |
100% |
Major Shareholder
Information:
|
1 |
|
|
Name: |
Sandeep Chauhan |
|
ID Number: |
A5036660 |
|
Address: |
B-5/28 Hissar
Road Rohtak India |
|
2 |
|
|
Name: |
Bharat Mekani |
|
ID Number: |
S |
|
Address: |
1 Amber Road
#17-03 Amber Point Singapore 439845 |
|
3 |
|
|
Name: |
Kirtida (Mrs
Kirtida Mekani) |
|
ID Number: |
S |
|
Address: |
1 Amber Road
#17-03 Amber Point Singapore 439845 |
Subsidiaries & Branches
Subject did not
introduce whether it has any subsidiaries or branches, from other source we can
not obtain the relevant information, either.
Management
Information
Detailed
Information of Management:
|
1 |
|
|
Name: |
Apurva Atulbhai Kothari |
|
Position: |
Director |
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ID Number: |
F8320783 |
|
Address: |
201, Sumatinath Complex, Pritam Nagar
Ellisbridge, Ahmedabad 380006, India |
|
Nationality: |
Indian |
|
Date of
Appointment: |
|
|
2 |
|
|
Name: |
Bharat Mekani |
|
Position: |
Director |
|
ID Number: |
S |
|
Address: |
1 Amber Road #17-03 Amber Point Singapore 439845 |
|
Nationality: |
Singapore Citizen |
|
Date of
Appointment: |
|
|
3 |
|
|
Name: |
Bharat Mekani |
|
Position: |
Secretary |
|
ID Number: |
S |
|
Address: |
1 Amber Road #17-03 Amber Point Singapore 439845 |
|
Nationality: |
Singapore Citizen |
|
Date of
Appointment: |
|
|
4 |
|
|
Name: |
Kirtida (Mrs
Kirtida Mekani) |
|
Position: |
Director |
|
ID Number: |
S |
|
Address: |
1 Amber Road
#17-03 Amber Point Singapore 439845 |
|
Nationality: |
Singapore
Citizen |
|
Date of
Appointment: |
|
Operation
Information
Offices
& Factories
|
|
Office |
|
Address: |
Production
Information
l
Subject is a trader of agricultural chemicals and
other products without any production activities.
Purchase
Information
l
Subject did not introduce its purchasing
information.
Purchase Information
l
Subject is engaged in sales of agriculture
chemicals.
l
Subject’s products are both sold in domestic and
overseas market and it is introduced that subject’s sales depend on the
customers’ demands.
Settlements
Purchase
Subject did not
introduce its purchasing terms
Sales
Domestic Markets
|
Sales Terms |
Proportion |
|
|
Agricultural
chemicals |
COD, CBD, etc |
100% |
Overseas Markets
|
Product |
Sales Terms |
Proportion |
|
Agricultural
chemicals |
CBD, etc |
100% |
Balance
Sheet
|
|
|
|
|
|
Total Assets |
2,980,525.00 |
1,649,745.00 |
1,403,346.00 |
|
Total Current Assets |
2,755,523.00 |
1,524,106.00 |
1,401,562.00 |
|
Total Non-Current Assets f.k.a. [Fixed And Others] |
225,002.00 |
125,639.00 |
1,784.00 |
|
Total Liabilities |
2,522,688.00 |
1,249,015.00 |
1,048,009.00 |
|
Total Current Liabilities |
2,522,688.00 |
1,249,015.00 |
1,048,009.00 |
|
Total Non-Current Liabilities |
0.00 |
0.00 |
0.00 |
|
Total Equity f.k.a [Shareholder's Funds] |
457,837.00 (USD 360,409) |
400,730.00 (USD 315,455) |
355,337.00 (USD 279,721) |
|
Paid-Up Capital |
200,002.00 |
200,002.00 |
200,002.00 |
|
Other Reserves, Total f.k.a. [Reserves] |
257,835.00 |
200,728.00 |
155,335.00 |
|
Retained Earnings/(Accumulated Loss) |
0.00 |
0.00 |
0.00 |
(As of 2011.11, 1 SGD = 0.7872 USD)
Profit/Loss
Account
Unit:
SGD
|
|
2006 |
2005 |
2004 |
|
Revenue f.k.a [Sales Turnover And Other Operating Revenues] |
8,098,567.00 (USD 6,375,192) |
7,832,241.00 (USD 6,165,540) |
7,543,096.00 (USD 5,937,925) |
|
Profit/(Loss) before Tax from Continuing Operations f.k.a [Profit/(Loss) before tax] |
64,607.00 |
50,556.00 |
45,468.00 |
|
Profit/(Loss) after Tax from Continuing Operations f.k.a [Profit/(Loss) After Tax] |
57,107.00 |
45,393.00 |
40,854.00 |
|
Net Income/(Loss) From Extraordinary And Non-Operating
Items |
0.00 |
0.00 |
0.00 |
|
Profit/(Loss) After Tax and Extraordinary Items |
57,107.00 |
45,393.00 |
40,854.00 |
Financial
Ratio
|
|
2006 |
2005 |
2004 |
|
Earning Capacity |
|
|
|
|
Rate of Net Profit on Sales (%) |
0.71 |
0.58 |
0.54 |
|
Return of Investment (%) |
1.92 |
2.75 |
2.91 |
|
Return of Shareholder's Funds (%) |
12.47 |
11.33 |
11.50 |
|
Total Assets Turnover (%) |
2.72 |
4.75 |
5.38 |
|
Financial Stability |
|
|
|
|
Current/Working Capital Ratio (%) |
1.09 |
1.22 |
1.34 |
|
Proprietary Ratio (%) |
15.36 |
24.29 |
25.32 |
|
Total Debt to Equity Ratio (%) |
84.64 |
75.71 |
74.68 |
The Financial Information
above is what we can obtain from all our available sources.
Bankers
Bank Charges:
|
Charge Number |
200105654 |
|
Date of
Registration |
|
|
Name |
CITIBANK N.A. |
|
USD 500,000.00 |
Auditors
|
Name: |
T RAVI & CO. |
Interview
Details
|
Position: |
Operator |
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.50.85 |
|
UK Pound |
1 |
Rs.80.36 |
|
Euro |
1 |
Rs.68.83 |
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 |
---- |
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.