MIRA INFORM REPORT
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Report Date : |
31.10.2011 |
IDENTIFICATION DETAILS
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Name : |
PATEL TIMBER TRADING LLP |
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Registered Office : |
20 Maxwell Road #07 |
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Country : |
Singapore |
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Date of Incorporation : |
06.02.2006 |
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Com. Reg. No.: |
T06LL0127K |
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Legal Form : |
Sole Company |
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Line of Business : |
Wholesale Of Logs, Sawn Timber, Plywood And Related
Products |
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 20,000 |
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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 – March 31st, 2011
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Country Name |
Previous Rating (31.12.2010) |
Current Rating (31.03.2011) |
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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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07 |
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Supplied
Address: |
07 |
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Fax Number: |
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: |
20 Maxwell Road #07 |
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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: |
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Paid-up Capital: |
N/A |
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Legal Form: |
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Principal
Activities: |
Wholesale Of Logs, Sawn Timber, Plywood And Related Products |
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Status: |
Live Llp |
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Listed at Stock
Exchange: |
No |
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Date of Last Annual
Return: |
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Notes: It is not necessary to register the capital in Singapore,
from other source, we didn’t find it, either.
History
Subject was incorporated on
Shareholders
It is not
necessary to register the shareholders in Singapore, from other source, we
didn’t find it, either.
Existing Owners:
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1 |
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Name: |
Hirpara Rajesh
Laljibhai |
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ID Number: |
H1291900 |
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Address: |
Hirpara wadi bh.
Old bus stand dhoraji rajkot pin 360410, India |
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Nationality: |
Indian |
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Date of Entry: |
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2 |
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Name: |
Hirpara
Jayshreekumari Laljibhai |
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ID Number: |
S7275506E |
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Address: |
86 West Coast Road
#05-34 Clementiwoods Condominium Singapore 126818 |
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Nationality: |
Singapore P.R. |
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Date of Entry: |
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3 |
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Name: |
Patel Nayan
Harshadbhai |
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ID Number: |
S8381344Z |
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Address: |
410 Choa |
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Nationality: |
Singapore P.R. |
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Date of Entry: |
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Subsidiaries &
Branches
Manage
Information
Detailed
Information of Management:
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1 |
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Name: |
Hirpara
Jayshreekumari Laljibhai |
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ID Number: |
S7275506E |
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Address: |
86 West Coast
Road #05-34 Clementiwoods Condominium Singapore 126818 |
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Nationality: |
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Date of Appointment: |
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2 |
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Name: |
Patel Nayan
Harshadbhai |
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ID Number: |
S8381344Z |
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Address: |
410 Choa |
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Nationality: |
Singapore P.R. |
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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 |
|
Address: |
07 |
Purchase
l
The subject purchases Logs, Sawn Timber, Plywood
and Related Products.
l
The subject purchases from foreign countries such
as India.
Sales
Information
l
The subject is engaged in sales of Logs, Sawn
Timber, Plywood and Related Products.
l
The subject sells products in Singapore.
Settlements
Purchase
Domestic Markets
The subject seldom
imports.
Overseas Markets
|
Products |
Payment Terms |
Proportion |
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CBD, etc |
100% |
Domestic Markets
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Sales Terms |
Proportion |
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Logs, Sawn Timber, Plywood and Related Products |
CBD, etc |
100% |
Overseas Markets
The subject seldom
exports.
Financial
Figures
|
Year |
Sales |
|
2010 |
About USD
2,000,000 |
Notes: The information is from introduction.
Bankers
Open
Account Bank
|
DBS Bank |
Public
Charges
No charges
information was found.
Interview
Details
|
Name: |
Mr. Nayan Patel |
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.48.82 |
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UK Pound |
1 |
Rs.78.57 |
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Euro |
1 |
Rs.69.28 |
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.