MIRA INFORM REPORT

 

 

Report Date :

22.09.2011

 

IDENTIFICATION DETAILS

 

Name :

FIERRO GROUP PTE. LTD.

 

 

Registered Office :

138 Cecil Street #18-00 Cecil Court Singapore 069538

 

 

Country :

Singapore

 

 

Date of Incorporation :

20.08.2010

 

 

Com. Reg. No.:

201017671D

 

 

Legal Form :

Limited Exempt Private Company

 

 

Line of Business :

General Trading

 

 

RATING & COMMENTS

 

MIRA’s Rating :

C

 

RATING

STATUS

PROPOSED CREDIT LINE

<10

C

Absolute credit risk exists. Caution needed to be exercised

Credit not recommended

 

Status :

Undetermined

Payment Behaviour :

--

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

 

Country Name

Previous Rating

(31.12.2010)

Current Rating

(31.03.2011)

Singapore

A1

A1

 

Risk Category

ECGC Classification

Insignificant

 

A1

Low

 

A2

Moderate

 

B1

High

 

B2

Very High

 

C1

Restricted

 

C2

Off-credit

 

D

 

Contact Points

 

Company Name:

Fierro Group Pte. Ltd.

Supplied Name:

Fierro Group Pte Ltd.

Supplied Address:

138 Cecil Street, 18-00 Cecil Court Singapore 069538

 

 

Special Notes

 

We did not find any operation information or valid contact information of subject according to the supplied address from public files.

 

There are many companies based on the supplied address, we tried to contact one of them named Tongyu through the number +65-9734-7536, the staff declined to disclose any information.

Up to the date of reporting, we failed to get in touch with subject, if you kindly supply contact information, we’d like to continue our investigation.

 

We found subject’s registration information from local registry, supplying as follows for reference.

 

Company Identification Details

 

Registered Name:

FIERRO GROUP PTE. LTD.

Registered Address:

138 Cecil Street #18-00 Cecil Court Singapore 069538

Date of Registration::

2010-8-20

Registered Number:

201017671D

Country of Incorporation:

Singapore

Registered Capital:

SGD 2 (USD 1.6)

(As of 2011.09, 1 SGD = 0.7778 USD)

Paid-up Capital:

SGD 2 (USD 1.6) = 2 Shares@1 SGD

Legal Form:

Limited Exempt Private Company

Principal Activities:

46900--General Trading

Staff:

N/A

Status:

Live Company

Listed at Stock Exchange:

No

Date of Last Annual Return:

--

 

History

 

Subject was incorporated on 2010-8-20 with registered number 201017671D as Limited Exempt Private Company in Singapore.

 

Shareholders

Unit: SGD

Name

Subscription Amount

Proportion of Investment (%)

Agrawal Soham Ghanshyam

1

50%

Nagpal Puneet

1

50%

Total

2

100%

 

Major Shareholder Information:

1

Name:

Agrawal Soham Ghanshyam

ID Number:

S7084664J

Address:

30 Amber Gardens #04-01 Amber Glades Singapore 439964

2

Name:

Nagpal Puneet

ID Number:

Z2072726

Address:

389/7 Shastri Nagar, Ranjeet Nagar, Kakadeo, Kanpur, 208005, U.P, India

 

Subsidiaries & Branches

 

Subject did not register any subsidiaries or branches; from other source we can not obtain the relevant information, either.

 

Management Information

 

Core Management

 

Detailed Information of Management:

1

Name:

Agrawal Soham Ghanshyam

Position:

Director

ID Number:

S7084664J

Address:

30 Amber Gardens #04-01 Amber Glades Singapore 439964

Nationality:

Singapore P.R.

Date of Appointment:

2010-8-20

2

Name:

Nagpal Puneet

Position:

Director

ID Number:

Z2072726

Address:

389/7 Shastri Nagar, Ranjeet Nagar, Kakadeo, Kanpur, 208005, U.P, India

Nationality:

Indian

Date of Appointment:

2010-8-20

3

Name:

Looi Mee Ching

Position:

Secretary

ID Number:

S7077808D

Address:

299B Compassvale Street #08-96 Singapore 542299

Nationality:

Singapore Citizen

Date of Appointment:

2010-8-20

4

Name:

Seah Siew Yian

Position:

Secretary

ID Number:

S1670866F

Address:

433 Bukit Panjang Ring Road #03-625 Singapore 670433

Nationality:

Singapore Citizen

Date of Appointment:

2010-8-20

Operation Information

 

We can not confirm subject’s operation information, and we supplied the principal activities registered in subject’s registration file as follows for reference.

 

46900--General Trading

 

Settlements

 

Information on settlement is not available from subject or other sources.

 

Financial Information

 

Subject has no obligations to disclose its financial statements to the third party according to the relevant policy in Singapore, subject is newly set up and did not submit the financial information to the local registry, and the only source from which we can obtain the information is the subject itself.

 

Since we did not get in touch with subject, thus the information is not available.

 

 

Bankers

Information on bankers is not available from subject or other sources.

 

 

FOREIGN EXCHANGE RATES

 

Currency
Unit

Indian Rupees

US Dollar

1

Rs.47.89

UK Pound

1

Rs.75.31

Euro

1

Rs.65.63

 

 

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

--

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%)

 

PRIVATE & CONFIDENTIAL : This information is provided to you at your request, you having employed MIPL for such purpose. You will use the information as aid only in determining the propriety of giving credit and generally as an aid to your business and for no other purpose. You will hold the information in strict confidence, and shall not reveal it or make it known to the subject persons, firms or corporations or to any other. MIPL does not warrant the correctness of the information as you hold it free of any liability whatsoever. You will be liable to and indemnify MIPL for any loss, damage or expense, occasioned by your breach or non observance of any one, or more of these conditions

This report is issued at your request without any risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL) or its officials.