MIRA
INFORM REPORT
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Report Date : |
06.09.2011 |
IDENTIFICATION DETAILS
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Name : |
STEELWOOD COMMODITIES PTE. LTD. |
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Registered Office : |
33 Ubi Avenue 3 #08-29 Vertex Singapore 408868 |
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Country : |
Singapore |
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Date of Incorporation : |
03.08.2010 |
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Com. Reg. No.: |
201016345H |
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Legal Form : |
Private Limited Liability Company |
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Line of Business : |
Supplier of Natural Timber & Timber By-Products |
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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Maximum Credit Limit : |
USD 40,000 |
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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 – March 31st, 2011
|
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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Supplied
Address: |
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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: |
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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 2011.09,
1 SGD = 0.8280 USD) |
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Paid-up Capital: |
SGD 200,000
(USD 165,600) = 200,000 Shares@1 SGD |
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Legal Form: |
Private Limited
Liability Company |
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Principal
Activities: |
Supplier of
Natural Timber & Timber By-Products |
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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: |
2011-8-26 |
History
Subject was incorporated on 2010-8-3 with registered number 201016345H as
Private Limited Liability Company in Singapore.
Shareholders
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Subscription Amount |
Proportion of Investment (%) |
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Total |
200,000 |
100% |
Major Shareholder
Information:
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1 |
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Name: |
Joginder Kaur
D/O Darsan Singh |
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Value: |
SGD 200,000 |
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ID Number: |
S1363074G |
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Address: |
665 Yishun
Avenue 4 #02-189 Singapore 760665 |
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Nationality: |
Singapore
Citizen |
Subsidiaries & Branches
Related Company:
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Name: |
Steelwood
Enterprise |
Management Information
Detailed Information
of Management:
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1 |
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Name: |
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Position: |
Director |
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ID Number: |
S1363074G |
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Address: |
665 Yishun
Avenue 4 #02-189 Singapore 760665 |
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Nationality: |
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Date of
Appointment: |
2010-8-3 |
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2 |
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Name: |
Gerard S/O D.
Thanaraj |
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Position: |
Secretary |
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ID Number: |
S7339946G |
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Address: |
62 Woodlands
Drive 16 #11-28 La Casa La Casa |
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Nationality: |
Singapore
Citizen |
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Date of
Appointment: |
2010-8-3 |
Personnel
Structure
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Total Employees |
Operation Information
Offices
& Factories
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|
Office |
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Address: |
l
The company purchases natural timber & timber by-products.
l
The subject purchases products from foreign
countries.
Sales
Information
l
The subject is engaged in sales of natural timber
& timber by-products.
l
The subject sells products around the world.
Settlements
Purchase
Domestic Markets
The subject seldom
purchase from domestic markets.
Overseas Markets
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Products |
Payment Terms |
Proportion |
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CBD, etc |
100% |
Domestic Markets
|
Sales Terms |
Proportion |
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Natural timber
& timber by-products |
Overseas Markets
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Product |
Sales Terms |
Proportion |
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Natural timber
& timber by-products |
CBD, etc |
100% |
Financial Information
|
Year |
Sales |
|
2011 |
About USD
4,000,000 |
Notes: The information is from introduction.
Bankers
Open
Account Bank
|
DBS Bank |
Public
Charges
No charge
information was found from public files.
Interview Details
|
Name: |
Joginder Kaur
D/O Darsan Singh |
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
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US Dollar |
1 |
Rs.46.12 |
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|
1 |
Rs.74.18 |
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Euro |
1 |
Rs.64.87 |
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.