MIRA INFORM REPORT
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Report Date : |
08.09.2011 |
IDENTIFICATION DETAILS
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Name : |
GREENLAND GLOBAL PTE. LTD. |
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Formerly Known As : |
Greenland Textiles Pte Ltd |
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Registered Office : |
63 Robinson Road #04-12 Afro-Asia Building Singapore 068894 |
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Country : |
Singapore |
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Date of Incorporation : |
19.07.1982 |
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Com. Reg. No.: |
198203047C |
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Legal Form : |
Limited Exempt Private Company |
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Line of Business : |
General Wholesale
Trade (Including General Importers And Exporters) |
RATING & COMMENTS
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MIRA’s Rating : |
Ca |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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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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Status : |
Poor |
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Payment
Behaviour : |
Unknown |
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Litigation : |
--- |
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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Former: |
Greenland Textiles Pte Ltd |
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Supplied Name: |
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Supplied Address: |
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Fax Number: |
Notes:
Subject’s exact name and
address are as above.
Credit
Summary
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Credit Rating: |
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Credit Opinion: |
Subject’s
staff declined to disclose any information, in view of the absence of
information about subject’s operation, caution should be exercised. |
Special
Notes
We tried to contact subject according to the
phone number +65-6336-3700 obtained from public files, the relevant staff only
confirmed the address and contact information of subject, but he declined to
disclose ant more information.
We found that subject is engaged in trading
of textiles from public files, while subject’s staff denied.
We can not find any other contact information
or operation information of subject from public files, either.
We found the registration information of
subject from local registry, supplying as follows for reference.
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: |
USD 250,000 SGD 2,500,000 (USD 2,064,750) (As of 2011.09, 1 SGD = 0.8259
USD) |
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Paid-up Capital: |
USD 250,000 = 250,000 Shares@1
USD SGD 2,500,000 (USD 2,064,750) =
2,500,000 Shares@1 SGD |
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Legal Form: |
Limited Exempt Private Company |
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Principal Activities: |
46900--General Wholesale Trade (Including
General Importers And Exporters) |
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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: |
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Notes: Subject declined to disclose its staff number; from other source we can
not obtain the relevant information, either.
History
Subject was
incorporated on
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Date |
Change |
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Greenland Global Pte. Ltd. |
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Greenland Textiles Pte Ltd |
Shareholders
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Subscription Shares |
Proportion of Investment (%) |
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Vangal Rangarajan Ranganathan |
SGD 1 |
-- |
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Jatia Siddharth Mohanlal |
USD 250,000 SGD 2,499,999 |
100% |
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Total |
USD 250,000 SGD 2,500,999 |
100% |
Major Shareholder Information:
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1 |
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Name: |
Vangal Rangarajan
Ranganathan |
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ID Number: |
S |
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Address: |
207 Serangoon Central
#11-198 Singapore 550207 |
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2 |
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Name: |
Jatia Siddharth
Mohanlal |
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ID Number: |
S7385865H |
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Address: |
31 Leonie Hill
#16-01 Rivershire Singapore 239229 |
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:
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1 |
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Name: |
Vangal Rangarajan Ranganathan |
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Position: |
Director |
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ID Number: |
S |
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Address: |
207 Serangoon Central #11-198
Singapore 550207 |
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Nationality: |
Singapore Citizen |
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Date of Appointment: |
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2 |
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Name: |
Vangal Rangarajan Ranganathan |
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Position: |
Secretary |
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ID Number: |
S |
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Address: |
207 Serangoon Central #11-198
Singapore 550207 |
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Nationality: |
Singapore Citizen |
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Date of Appointment: |
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3 |
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Name: |
Jatia Siddharth Mohanlal |
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Position: |
Director |
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ID Number: |
S7385865H |
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Address: |
31 Leonie Hill #16-01
Rivershire Singapore 239229 |
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Nationality: |
Singapore P.R. |
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Date of Appointment: |
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4 |
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Name: |
Jatia Siddharth Mohanlal |
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Position: |
Director |
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ID Number: |
S7385865H |
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Address: |
31 Leonie Hill #16-01
Rivershire Singapore 239229 |
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Nationality: |
Singapore P.R. |
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Date of Appointment: |
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5 |
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Name: |
Yacoob S/O M A Abdul Kassim |
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Position: |
Secretary |
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ID Number: |
S |
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Address: |
662 Buffalo Road #25-18
Singapore 210662 |
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Date of
Change of Address: |
Singapore Citizen |
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Nationality: |
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Operation
Information
Subject’s operation information is not available from subject or other sources.
Settlements
Subject declined to disclose its settlements
information; from other source we can not obtain the relevant information,
either.
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’s staff declined to disclose the financials
citing the grounds of company’s confidentiality; from other source we can not
obtain the relevant information, either.
Bankers
Bank Charges:
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1 |
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Charge Number: |
C200809914 |
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Date of Registration: |
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Name: |
Standard Chartered Bank |
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Amount Secured: |
All Monies |
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2 |
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Charge Number: |
C201002960 |
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Date of Registration: |
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Name: |
Indian Overseas Bank |
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Amount Secured: |
All Monies |
Auditors
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Name: |
NATARAJAN & SWAMINATHAN |
Interview
Details
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Department: |
Sales department |
FOREIGN EXCHANGE RATES
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Currency |
Unit
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Indian Rupees |
|
US Dollar |
1 |
Rs.46.02 |
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UK Pound |
1 |
Rs.73.61 |
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Euro |
1 |
Rs.64.78 |
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.