MIRA INFORM REPORT
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Report Date : |
09.09.2011 |
IDENTIFICATION DETAILS
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Name : |
R. N. AJAY PTE LTD |
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Registered Office : |
2 Ubi View #02-01 Singapore 408556 |
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Country : |
Singapore |
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Date of Incorporation : |
23.08.1996 |
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Com. Reg. No.: |
199606143C |
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Legal Form : |
Limited Exempt Private Company |
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Line of Business : |
Trading of fabric, etc |
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 20,000 |
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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) |
|
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: |
R. N. Ajay Pte Ltd |
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Supplied Name: |
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Supplied
Address: |
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Fax Number: |
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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: |
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Country of
Incorporation: |
Singapore |
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Registered
Capital: |
SGD 500,000 (USD
403,750) (As of 2011.09,
1 SGD = 0.8075 USD) |
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Paid-up Capital: |
SGD 500,000 (USD
403,750) = 500,000 Shares@1 SGD |
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Legal Form: |
Limited Exempt
Private Company |
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Principal
Activities: |
Trading of
fabric, 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: |
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Notes: Subject did not
introduce its staff number; from other source we can not obtain the relevant
information, either.
History
Subject was
incorporated on
Shareholders
|
Subscription Amount |
Proportion of Investment (%) |
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Naresh Kumar
Sharma S/O Uttam Singh |
500,000 |
100% |
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Total |
500,000 |
100% |
Major Shareholder
Information:
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Name: |
Naresh Kumar
Sharma S/O Uttam Singh |
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ID Number: |
S2166577J |
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Address: |
14 Jalan Rahmat
Singapore 418754 |
Subsidiaries &
Branches
Subject did not
introduce whether it has any subsidiaries or branches, from other source we can
not obtain the relevant information.
Management
Information
Detailed
Information of Management:
|
1 |
|
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Name: |
Naresh Kumar
Sharma S/O Uttam Singh |
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Position: |
Director |
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ID Number: |
S2166577J |
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Address: |
14 Jalan Rahmat Singapore
418754 |
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Nationality: |
Singapore
Citizen |
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Date of
Appointment: |
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2 |
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Name: |
Pajoe Kaur |
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Position: |
Secretary |
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ID Number: |
S |
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Address: |
15 ST. George's
Road #12-162 Singapore 320015 |
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Nationality: |
Singapore Citizen |
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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: |
Production
Information
l
Subject is a trader of fabric without any production
activities.
Purchase
Information
l
Subject purchases fabric mainly abroad from China,
Europe and many other regions.
Sales
Information
l
Subject is engaged in sales of fabrics.
l
Subject’s products are both sold in domestic and
overseas market and it is introduced that subject exports to Europe, etc and
its customers are mainly garments and textile manufacturers, etc.
Settlements
Purchase
Domestic Markets
Subject has little
domestic purchase.
Overseas Markets
|
Products |
Payment Terms |
Proportion |
|
Fabric, etc |
CBD, etc |
100% |
Domestic Markets
|
Sales Terms |
Proportion |
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|
Fabric, etc |
CBD, etc |
100% |
Overseas Markets
|
Product |
Sales Terms |
Proportion |
|
Fabric, 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 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 financials citing the grounds of company’s confidentiality;
from other source we can not obtain the information, either.
Bankers
Subject declined
to disclose its bank details; from other source we can not obtain the
information, either.
Auditors
|
Name: |
HAJAMAIDEEN
& CO. |
Interview
Details
|
Name: |
Mr. Arun |
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.46.18 |
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UK Pound |
1 |
Rs.73.65 |
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Euro |
1 |
Rs.64.95 |
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 |
|
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.