MIRA INFORM REPORT

 

 

Report Date :           

12.04.2012

 

IDENTIFICATION DETAILS

 

Name :

DEETANSA SINGAPORE PTE LTD

 

 

Registered Office :

101 Cecil Street #23-12 Tong Eng Building Singapore 069533           

 

 

Country :

Singapore

 

 

Date of Incorporation :

12.10.1999

 

 

Com. Reg. No.:

199906237W

 

 

Legal Form :

Limited Exempt Private Company

 

 

Line of Business :

General Wholesale Trade (Including General Importers And Exporters)

 

 

No. of Employees :

Over 10 Employees

 

RATING & COMMENTS

 

MIRA’s Rating :

B

 

RATING

STATUS

PROPOSED CREDIT LINE

26-40

B

Capability to overcome financial difficulties seems comparatively below average.

Small

 

Maximum Credit Limit :

USD 20,000

 

 

Status :

Small Company

 

 

Payment Behaviour :

No Complaints

 

 

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, 2012

 

Country Name

Previous Rating

                   (31.12.2011)                  

Current Rating

(31.03.2012)

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:

Deetansa Singapore Pte Ltd

Supplied Name:

Deetansa Singapore Pte Ltd.

Trading Address:

3, Shenton Way, #22-02 Shenton House Singapore 068805

Supplied Address:

3, Shenton Way, #22-02 Shenton House Singapore 068805

Telephone Number:

+65-6226-4966

Fax Number:

+65-6226-4975

E-mail:

sales@deetansa.com

Notes: Subject’s exact name and address are as above.

 

 

Credit Summary

 

Credit Rating:

Maximum credit USD 20,000

Credit Opinion:

Business connections are permissible.

 

 

Company Identification Details

 

Registered Name:

Deetansa Singapore Pte Ltd

Registered Address:

101 Cecil Street #23-12 Tong Eng Building Singapore 069533

Date of Registration::

1999-10-12

Registered Number:

199906237W

Country of Incorporation:

Singapore

Registered Capital:

SGD 1,000,000 (USD 793,300)

(As of 2012.04, 1 SGD = 0.7933 USD)

Paid-up Capital:

SGD 1,000,000 (USD 793,300) = 1,000,000 Shares@1 SGD

Legal Form:

Limited Exempt Private Company

Principal Activities:

46900--General Wholesale Trade (Including General Importers And Exporters)

Staff:

Over 10 Employees

Status:

Live Company

Listed at Stock Exchange:

No

Date of Last Annual Return:

2011-10-22

 

 

History

 

Subject was incorporated on 1999-10-12 with registered number 199906237W as Limited Exempt Private Company in Singapore.

 

 

Shareholders

Unit: SGD

Name

Subscription Amount

Proportion of Investment (%)

Sunil Kumar Garg

410,000

41%

Uma Garg Mrs

590,000

59%

Total

1,000,000

100%

 

Major Shareholder Information:

1

Name:

Sunil Kumar Garg

ID Number:

S2650699I

Address:

52 Meyer Road #10-52 Equatorial Apartments Singapore 437875

2

Name:

Uma Garg Mrs

ID Number:

S2650700F

Address:

52 Meyer Road #10-52 Equatorial Apartments Singapore 437875

 

 

Subsidiaries & Branches

 

It is introduced that subject has trading partners in China, South Korea, Japan, Taiwan, Vietnam, Indonesia, Malaysia, Singapore, India, South Africa, Kenya, Tanzania, Ethiopia, Zambia, Russia, Ukraine, Azerbaijan, rgia, Iran, Turkey, UAE and Egypt, while the details are not disclosed.

Management Information

 

Core Management

Detailed Information of Management:

1

Name:

Sunil Kumar Garg

Position:

Director

ID Number:

S2650699I

Address:

52 Meyer Road #10-52 Equatorial Apartments Singapore 437875

Nationality:

Singapore Citizen

Date of Appointment:

1999-10-12

2

Name:

Sunil Kumar Garg

Position:

Manager

ID Number:

S2650699I

Address:

52 Meyer Road #10-52 Equatorial Apartments Singapore 437875

Nationality:

Singapore Citizen

Date of Appointment:

1999-12-28

3

Name:

Uma Garg Mrs

Position:

Director

ID Number:

S2650700F

Address:

52 Meyer Road #10-52 Equatorial Apartments Singapore 437875

Nationality:

Singapore P.R.

Date of Appointment:

1999-10-12

4

Name:

Ravi Kasturi

Position:

Secretary

ID Number:

S2651015E

Address:

124 Mcnair Road #06-33 Singapore 320124

Nationality:

Singapore Citizen

Date of Appointment:

2009-7-2

 

Personnel Structure

Total Employees

Over 10 employees

 

 

Operation Information

 

Offices & Factories

 

Office

Address:

3, Shenton Way, #22-02 Shenton House Singapore 068805

 

Production Information

l         Subject is a trader of metal scraps and many other products without any production activities itself.

 

Purchase Information

l         Subject purchases mainly abroad and it is introduced that subject purchases metal scraps from Europe, etc

 

Sales Information

l         Subject is mainly engaged in sales of scraps for steels and metals industries

l         Subject’s products are both sold in domestic and overseas market

l         Subject’s major customers are resource recycling companies, etc

 

 

Settlements

 

Purchase

Domestic Markets

Subject has little domestic purchase

Overseas Markets

Products

Payment Terms

Proportion

Metal scraps, etc

CBD, etc

100%

 

Sales

Domestic Markets

Product

Sales Terms

Proportion

Metal scraps, etc

CBD, etc

100%

 

Overseas Markets

Product

Sales Terms

Proportion

Metal scraps, etc

CBD, etc

100%

 

 

Financial Information

 

In Singapore, Limited Exempt Private Companies are not obligated to submit their financial statements to the local registry. We did not find the financials of subject from the local registry,

the subject also declined to disclose such information due to the confidentiality reason.

 

 

Bankers

 

Bank Charges

1

Charge Number

C200300922

Date of Registration

2003-3-1

Name

Bank Of India

Amount Secured

All Monies

2

Charge Number

C200300926

Date of Registration

2003-3-1

Name

Bank Of India

Amount Secured

All Monies

3

Charge Number

C200502197

Date of Registration

2005-4-14

Name

Standard Chartered Bank

Amount Secured

All Monies

4

Charge Number

C200903412

Date of Registration

2009-6-10

Name

DBS Bank Ltd.

Amount Secured

All Monies

5

Charge Number

C200903413

Date of Registration

2009-6-10

Name

DBS Bank Ltd.

Amount Secured

All Monies

6

Charge Number

C200903533

Date of Registration

2009-6-16

Name

DBS Bank Ltd.

Amount Secured

All Monies

7

Charge Number

C200908520

Date of Registration

2009-12-22

Name

Standard Chartered Bank

Amount Secured

All Monies

8

Charge Number

C200908523

Date of Registration

2009-12-22

Name

Standard Chartered Bank

Amount Secured

All Monies

 

 

Auditors

 

Name:

S. RENGANATHAN & CO.

 

 

Interview Details

 

Department:

Sales department


 

FOREIGN EXCHANGE RATES

 

Currency
Unit

Indian Rupees

US Dollar

1

Rs.51.55

UK Pound

1

Rs.81.95

Euro

1

Rs.67.57

 

 

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.