MIRA INFORM REPORT
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Report Date : |
14.10.2011 |
IDENTIFICATION DETAILS
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Name : |
NEWLINE AGENCIES PTE LTD |
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Registered Office : |
31 Cantonment Road Singapore 089747 |
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Country : |
Singapore |
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Date of Incorporation : |
24.10.1996 |
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Com. Reg. No.: |
199607670R |
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Legal Form : |
Private Limited Liability Company |
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Line of Business : |
--- |
RATING & COMMENTS
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MIRA’s Rating : |
Ba |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
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Status : |
Satisfactory |
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Payment
Behaviour : |
Usually Correct |
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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
|
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: |
Credit
Summary
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Credit Opinion: |
Since we did
not get contact with subject, subject’s operation information is not
confirmed, thus we did not give the credit rating at this stage. |
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: |
(As of 2011.10, 1 SGD = 0.7834 USD) |
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Paid-up Capital: |
SGD 100,000 (USD 78,340) = 100,000 Shares@1
SGD |
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Legal Form: |
Private Limited Liability Company |
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Principal Activities: |
N/A |
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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: |
2010-9-28 |
Notes: The subject declined to disclose its operation information to us.
History
Subject was
incorporated on 1996-10-24 with registered
number 199607670R as Private Limited Liability Company in Singapore.
Shareholders
Unit: SGD
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Subscription
Amount |
Proportion
of Investment (%) |
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99.999% |
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1.001% |
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Total |
100% |
Major Shareholder Information:
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1 |
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Name: |
Sumeer Mahajan |
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Value: |
SGD 99,999 |
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ID Number: |
S2648468E |
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Address: |
6 Peach Garden #19-08 Peach Garden
Singapore 437606 |
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Nationality: |
Singapore Citizen |
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2 |
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Name: |
Ravindrakumar Sukanraj Parikh |
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Value: |
SGD 1 |
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ID Number: |
Z1781353 |
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Address: |
Grd Prachi Bldg, North South Road No 5 Vile
Parle (W), Mumbai 400056, India |
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Nationality: |
Indian |
Subsidiaries &
Branches
Subject did not register
any subsidiaries or branches, from other source we can not obtain the relevant
information, either.
Management
Information
Detailed Information of Management:
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1 |
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Name: |
James Methodius S/O Cyril Methodis |
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Position: |
Secretary |
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ID Number: |
S0680660J |
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Address: |
101 Kitchener Road #03-42 Jalan Besar Plaza
Singapore 208511 |
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Nationality: |
Singapore Citizen |
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Date of Appointment: |
2003-4-1 |
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2 |
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Name: |
Sumeer Mahajan |
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Position: |
Director |
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ID Number: |
S2648468E |
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Address: |
6 Peach Garden #19-08 Peach Garden
Singapore 437606 |
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Nationality: |
Singapore Citizen |
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Date of Appointment: |
1996-10-25 |
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3 |
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Name: |
Ravindrakumar Sukanraj Parikh |
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Position: |
Director |
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ID Number: |
Z1781353 |
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Address: |
Grd Prachi Bldg, North South Road No 5 Vile
Parle (W), Mumbai 400056, India |
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Nationality: |
Indian |
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Date of Appointment: |
2011-8-1 |
Operation
Information
Offices & Factories
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|
Office |
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Address: |
Operation Information
l
The
subject declined to disclose its operation information to us.
Settlements
l
The
subject declined to disclose its settlements information to us.
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 latest information to the local registry,
and the only source from which we can obtain the information is the subject
itself.
Subject declined to disclose its financial
information to us, the information is not available, either.
Bankers
Open Account Bank
|
Name: |
DBS Bank |
Auditors
|
Name: |
Sashi Kala Devi Associates |
Public
Charges
No charges information was found from public
files.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.49.02 |
|
UK Pound |
1 |
Rs.77.13 |
|
Euro |
1 |
Rs.67.56 |
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 |
|
<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.