MIRA INFORM REPORT
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Report Date : |
16.09.2011 |
IDENTIFICATION DETAILS
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Name : |
VICTORY MERCANTILE CORPORATION PTE. LTD. |
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Registered Office : |
150 South Bridge Road #06-07 Fook Hai Building Singapore 058727 |
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Country : |
Singapore |
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Date of Incorporation : |
21.10.2004 |
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Com. Reg. No.: |
200413646D |
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Legal Form : |
Limited Exempt Private Company |
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Line of Business : |
Trading Of Chemicals, Textiles, Wood, Wood Vaneers,
Plastics, Ceramics |
RATING & COMMENTS
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MIRA’s Rating : |
B |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
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Maximum Credit Limit : |
USD 10,000 |
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Status : |
Moderate |
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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 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
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Moderate |
B1 |
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High |
B2 |
|
Very High |
C1 |
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Restricted |
C2 |
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Off-credit |
D |
Contact Points
Notes:
Subject’s exact name and
address are as above.
Credit
Summary
|
Credit Rating: |
|
|
Credit Opinion: |
Company
Identification Details
Notes: Subject declined to disclose 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 (%) |
|
|
2,110,981 |
30% |
|
|
Kamlesh
S/O Anantrai Kamdar |
2,110,981 |
30% |
|
Hiten
A Kamdar |
2,110,981 |
30% |
|
Kamdar
Dishan Anantrai |
699,933 |
10% |
|
Total |
7,032,876 |
100% |
Major Shareholder Information:
|
1 |
|
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Name: |
Anantrai Harilal Kamdar |
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ID Number: |
S |
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Address: |
160 Haig Road #06-01 Haig Court Singapore 438795 |
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2 |
|
|
Name: |
Kamlesh S/O Anantrai Kamdar |
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ID Number: |
S |
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Address: |
160 Haig Road #06-01 Haig Court Singapore 438795 |
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3 |
|
|
Name: |
Hiten A Kamdar |
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ID Number: |
S1770858I |
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Address: |
160 Haig Road #06-01 Haig Court Singapore 438795 |
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4 |
|
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Name: |
Kamdar Dishan Anantrai |
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ID Number: |
S |
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Address: |
160 Haig Road #06-02 Haig Court Singapore 438795 |
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:
|
1 |
|
|
Name: |
Hiten A Kamdar |
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Position: |
Managing Director |
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ID Number: |
S1770858I |
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Address: |
160 Haig Road #06-01 Haig Court Singapore
438795 |
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Nationality: |
Singapore Citizen |
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Date of Appointment: |
|
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2 |
|
|
Name: |
Anantrai Harilal Kamdar |
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Position: |
Director |
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ID Number: |
S |
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Address: |
160 Haig Road |
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Nationality: |
Singapore Citizen |
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Date of Appointment: |
|
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3 |
|
|
Name: |
Kamlesh S/O Anantrai Kamdar |
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Position: |
Director |
|
ID Number: |
S |
|
Address: |
160 Haig Road #06-01 Haig Court Singapore
438795 |
|
Nationality: |
Singapore Citizen |
|
Date of Appointment: |
|
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4 |
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|
Name: |
Kamlesh S/O Anantrai Kamdar |
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Position: |
Secretary |
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ID Number: |
S |
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Address: |
160 Haig Road #06-01 Haig Court Singapore
438795 |
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Nationality: |
Singapore Citizen |
|
Date of Appointment: |
|
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5 |
|
|
Name: |
Hiten A Kamdar |
|
Position: |
Director |
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ID Number: |
S1770858I |
|
Address: |
160 Haig Road #06-01 Haig Court Singapore
438795 |
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Nationality: |
Singapore Citizen |
|
Date of Appointment: |
|
Operation
Information
Offices & Factories
|
|
Office |
|
Address: |
150
South Bridge Road #06-07 Fook Hai Building Singapore 058727 |
l
Subject
is a trader of various products without
production activities
Purchase Information
l
It is introduced
that subject’s products are mainly purchased from foreign countries such as
Italy , etc
l
It is introduced
that subject can purchase according to customers’ needs.
l
Subject
is engaged in sales of chemicals plastics and textile, etc
l
Subject’s
products are mainly sold in domestic market of Singapore.
l
It is
introduced that subject also sells goods to customers from suppliers directly
to customers in other counties such India.
Settlements
Purchase
Domestic
Markets
Subject has little domestic purchase.
Overseas
Markets
|
Products |
Payment Terms |
Proportion |
|
Various
Products, etc |
CBD, etc |
100% |
Domestic
Markets
|
Sales Terms |
Proportion |
|
|
Various
Products, etc |
CBD, COD, etc |
100% |
Overseas
Markets
Subject has little direct export; while it is
introduced that subject sells goods from suppliers directly to overseas
customers.
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 its
financials citing the ground of company’s confidentiality; 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: |
STRATEGIC ASSURANCE LLP |
Interview
Details
|
Name: |
Mr. Anantrai Kamdar |
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.47.84 |
|
UK Pound |
1 |
Rs.75.40 |
|
Euro |
1 |
Rs.65.68 |
RATING EXPLANATIONS
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
>86 |
Aaa |
Possesses an extremely sound financial base with the strongest
capability for timely payment of interest and principal sums |
Unlimited |
|
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 |
|
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 |
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
|
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 |
|
<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.