MIRA
INFORM REPORT
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Report Date : |
03.09.2011 |
IDENTIFICATION DETAILS
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Name : |
LIBERTY COMMODITIES ASIA PTE. LTD. |
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Registered Office : |
101 Cecil Street #19-08 Tong Eng Building Singapore 069533 |
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Country : |
Singapore |
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Date of Incorporation : |
30.08.2010 |
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Com. Reg. No.: |
201018364R |
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Legal Form : |
Limited Private Company |
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Line of Business : |
Trading of steel and minerals, etc |
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 5,000 |
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Status : |
Small Company |
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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
|
Country Name |
Previous Rating (31.12.2010) |
Current Rating (31.03.2011) |
|
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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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: |
201018364R |
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Country of
Incorporation: |
Singapore |
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Registered
Capital: |
USD 1 |
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Paid-up Capital: |
USD 1 = 1 Share
@USD 1 |
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Legal Form: |
Limited Private
Company |
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Principal
Activities: |
Trading of steel
and minerals, etc |
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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: |
N/A |
History
Subject was incorporated
on
Shareholders
|
Subscription
Amount |
Proportion of
Investment (%) |
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Liberty Commodities Group Pte. Ltd. |
1 |
100% |
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Total |
1 |
100% |
Major Shareholder
Information:
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Name: |
Liberty Commodities Group Pte. Ltd. |
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ID Number: |
201115671N |
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Address: |
101 Cecil Street #19-08 Tong Eng Building
Singapore 069533 |
Subsidiaries & Branches
Parent Company:
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Name: |
Liberty Commodities Group Pte. Ltd. |
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ID Number: |
201115671N |
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Address: |
101 Cecil Street #19-08 Tong Eng Building
Singapore 069533 |
Management Information
Detailed
Information of Management:
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1 |
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Name: |
Sanjeev Gupta |
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Position: |
Director |
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ID Number: |
099097812 |
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Address: |
Villa 23, Frond O, Palm Jumeirah, Dubai |
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Nationality: |
British |
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Date of Appointment: |
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2 |
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Name: |
Arangannal S/O Kathamuthu |
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Position: |
Director |
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ID Number: |
S1290395B |
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Address: |
43 Jalan Tiga #10-18 Singapore 390043 |
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Nationality: |
Singapore Citizen |
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Date of Appointment: |
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3 |
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Name: |
Cheng Lian Siang |
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Position: |
Secretary |
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ID Number: |
S1519832Z |
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Address: |
7 Sin Ming Walk #20-17 Gardens At Bishan, The
Singapore 575577 |
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Nationality: |
Singapore Citizen |
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Date of Appointment: |
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4 |
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Name: |
Pathima Muneera Azmi |
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Position: |
Secretary |
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ID Number: |
S2715498J |
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Address: |
122 Jurong East Street 13 #02-31 Ivory Heights
Singapore 600122 |
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Nationality: |
Singapore P.R. |
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Date of Appointment: |
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Operation Information
Offices
& Factories
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Office |
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Address: |
l
Subject is a trader of steel and minerals without
any production activities.
Purchase
Information
l
Subject purchases steel and minerals mainly abroad from
different regions in the world.
Sales
Information
l
Subject is engaged in sales of steel and minerals
including steel scrap, iron ore and coal, etc
l
Subject’s products are both sold in domestic and
overseas market and it is introduced that subject export to other Asian
countries such as China and many other regions in the world.
l
Subject’s group Liberty Commodities Group Pte. Ltd.
operats from its three trading and financial hubs in London, Dubai, Singapore, and
its rade service centres spread across 25 countries employing over two thousand
people globally.
Settlements
Purchase
Domestic Markets
Subject has little
domestic purchase
Overseas Markets
|
Products |
Payment Terms |
Proportion |
|
Steel and minerals,
etc |
CBD, etc |
100% |
Domestic Markets
|
Sales Terms |
Proportion |
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Steel and minerals, etc |
CBD, etc |
100% |
Overseas Markets
|
Product |
Sales Terms |
Proportion |
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Steel and minerals, etc |
CBD, etc |
100% |
Financial Information
Subject has no
obligations to disclose its financial statements to the third party according
to the relevant policy in Singapore, subject is new set up and has 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’s staff
declined to disclose its financials; from other source we can not obtain the
relevant information, either.
Bankers
Subject declined to
disclose its bank details; from other source we can not obtain the relevant
information, either.
Auditors
|
Name: |
Shanker iyer
& Co |
Interview Details
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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.45.89 |
|
|
1 |
Rs.74.31 |
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Euro |
1 |
Rs.65.41 |
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 |
-- |
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.