MIRA
INFORM REPORT
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Report Date : |
13.09.2011 |
IDENTIFICATION DETAILS
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Name : |
DONALD MCARTHY TRADING PTE LTD |
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Registered Office : |
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Country : |
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Date of Incorporation : |
22.11.1997 |
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Com. Reg. No.: |
199707973R |
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Legal Form : |
Limited Exempt Private Company |
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Line of Business : |
Sales of Basic Precious and Non-Ferrous Metals, 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 100,000 |
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Status : |
Satisfactory |
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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: |
Donald Mcarthy Trading
Pte Ltd |
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Supplied Name: |
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Supplied
Address: |
138, Cecil Street, 04-03, |
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Fax Number: |
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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: |
199707973R |
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Country of
Incorporation: |
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Registered
Capital: |
SGD 8,000,000
(USD 6,508,800) (As of 2011.05,
1 SGD = 0.8136 USD) |
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Paid-up Capital: |
SGD 8,000,000
(USD 6,508,800) = 8,000,000 Shares@1 SGD |
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Legal Form: |
Limited Exempt
Private Company |
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Principal
Activities: |
Sales of Basic
Precious And Non-Ferrous Metals, etc |
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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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Hidtory
Subject was
incorporated on
Shareholders
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Subscription Amount |
Proportion of Investment (%) |
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4,900,000 |
61.25% |
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Nidhi Vinod Didwania |
3,100,000 |
38.75% |
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Total |
8,000,000 |
100% |
Major Shareholder
Information:
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1 |
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Name: |
Vinod Kumar
Ramgopal Didwania |
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ID Number: |
S |
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Address: |
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2 |
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Name: |
Nidhi Vinod
Didwania |
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ID Number: |
S2601459Z |
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Address: |
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Subsidiaries and branches
Subject has its own
warehousing and processing facilities at
We found that
subject operates with representatives and associates in Europe - (France,
Germany, Spain, Italy, Belgium, the Netherlands.), United Kingdom, Sweden,
Slovenia, Poland, USA, Australia, New Zealand, China, Taiwan, South Korea,
Japan, Malaysia, Indonesia, Philippines, Thailand, India, Pakistan, U.A.E and
Kuwait, while the details are not disclosed.
Manage information
Core Management
Detailed
Information of Management:
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1 |
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Name: |
Vinod Kumar
Ramgopal Didwania |
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Position: |
Director |
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ID Number: |
S |
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Address: |
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Nationality: |
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Date of
Appointment: |
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2 |
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Name: |
Nidhi Vinod
Didwania |
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Position: |
Director |
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ID Number: |
S2601459Z |
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Address: |
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Nationality: |
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Date of
Appointment: |
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3 |
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Name: |
Beulah Shanthini |
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Position: |
Secretary |
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ID Number: |
S2696645J |
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Address: |
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Nationality: |
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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 |
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Address: |
138, Cecil Street, 04-03, |
Production
Information
l
It is introduced that Subject has stainless steel
processing business.
l
Subject has its own warehousing and processing
facilities in
Purchase
Information
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Subject purchases all over the world and it is
introduced that subject’s metal scraps are mainly imported from
l
Subject’s suppliers for scraps are worldwide
manufacturers of aerospace, defence, demolition and even recycling companies.
Sales
Information
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Subject is engaged in sales of iron, stainless steel, nonferrous metal
and industrial chemicals , etc
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Subject’s products are sold the many countries and
regions all around the world.
Major products
sold
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General Type |
Major category |
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Special Metal |
Special alloys,
high speed steel, tool steel, tungsten carbide and prime & scrap. In
these categories, we have minor metals & alloys, high temperature alloys,
aerospace metals, precious & rare metals. |
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Stainless steel |
Prime, secondary
& scrap stainless steel in sheets, plates, coils, round bars, tubes and
pipes form |
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Titanium |
prime, secondary
& scrap. Under these, there are titanium sheets, plates, and coils, round
bars, tubes and pipes. |
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Primary:
Aluminum, copper, lead, nickel, tin and zinc. |
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Ferrous |
Special metals,
raw materials and finished products and institutional projects |
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Industrial
chemicals: |
HDPE (High
Density Polyethylene), LDPE (Low Density Polyethylene) and other plastic
materials. |
Settlements
Purchase
Domestic Markets
Subject has little
domestic purchase.
Overseas Markets
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Products |
Payment Terms |
Proportion |
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Metal, metal
products and chemicals |
CBD, etc |
100% |
Domestic Markets
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Sales Terms |
Proportion |
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Metal, metal
products and chemicals |
CBD, etc |
100% |
Overseas Markets
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Product |
Sales Terms |
Proportion |
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Metal, metal
products and chemicals |
CBD, etc |
100% |
Financial information
Subject has no obligations
to disclose its financial statements to the third party according to the
relevant policy in
Subject’s staff
Ms. Liang declined to disclose the financial information, from other source we
can not obtain the relevant information, either.
Bankers
Open
Account Bank
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1 |
Citibank N. A.
Singapore |
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2 |
Bank of |
Auditors
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Name: |
MGI N RAJAN
ASSOCIATES |
Interview detils
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Name: |
Ms. Liang |
FOREIGN EXCHANGE RATES
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Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
Rs.46.97 |
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1 |
Rs.74.22 |
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Euro |
1 |
Rs.63.66 |
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.