MIRA INFORM
REPORT
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Report Date : |
16.04.2012 |
IDENTIFICATION DETAILS
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Name : |
AGROCORP INTERNATIONAL PTE LTD |
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Registered Office : |
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Country : |
Singapore |
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Year of Establishment : |
1990 |
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Com. Reg. No.: |
199005306N |
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Legal Form : |
Private Independent |
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Line of Business : |
Trader of agricultural products |
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No. of Employee: |
62 |
RATING & COMMENTS
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MIRA’s Rating : |
B |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
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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
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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 |
Company name & address
Agrocorp International Pte LTD
Singapore 1000 Rank: 205
10 Anson Road
#34/04/05/06 International Plaza
Singapore, 079903
Singapore
Tel: 65 6534 4878
Fax: 65 6534 4689
Web: www.agrocorp.com.sg
Synthesis
Employees: 62
Company Type: Private Independent
Incorporation Date: 1990
Auditor: Baker Tilly TFWLCL
Financials in: USD (Millions)
Fiscal Year End: 01-Mar-2009
Reporting Currency:
Singapore Dollar
Annual Sales: 748.8
Total Assets: 108.3
Business Description
Trading in agricultural products such as beans, pulses, wheat, rice,
sugar and edible oils; trading in other products such as steel, cement and
fertilisers
Industry
Industry Crops
ANZSIC 2006: 3312 - Cereal
Grain Wholesaling
NACE 2002: 5121 - Wholesale
of grain, seeds and animal feeds
NAICS 2002: 424510 - Grain and
Field Bean Merchant Wholesalers
UK SIC 2003: 5121 - Wholesale
of grain, seeds and animal feeds
US SIC 1987: 5153 - Grain and
Field Beans
Key Executives
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Name |
Title |
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Vijay Iyengar |
Managing Director |
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V. K. Krishna Prasad |
General Manager-Finance |
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Della Nair |
Administration and Human Resources Officer |
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Wong Lee Kiew |
Head-Operations |
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Akila V Iyengar |
Director, Personnel |
News
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Title |
Date |
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Pepper futures debuts on SMX' electronic
trading platform |
27-Sep-2010 |
1 -
Profit & Loss Item Exchange Rate: USD 1 = SGD 1.428549
2 -
Balance Sheet Item Exchange Rate: USD 1 = SGD 1.5461
Corporate Overview
Location
10 Anson Road
#34/04/05/06
International Plaza
Singapore, 079903
Singapore
Tel: 65 6534 4878
Fax: 65 6534 4689
Sales SGD(mil): 1,069.7
Assets SGD(mil): 167.4
Employees: 62
Fiscal Year End: 01-Mar-2009
Industry: Crops
Incorporation
Date: 1990
Company Type: Private Independent
Quoted Status: Not Quoted
Registered
No.(Asia): 199005306N
Head-Operations: Wong Lee Kiew
Contents
· Industry Codes
· Business Description
· Financial Data
· Key Corporate Relationships
Industry Codes
ANZSIC 2006 Codes:
3339 - Other
Hardware Goods Wholesaling
3322 - Metal
and Mineral Wholesaling
3319 - Other
Agricultural Product Wholesaling
3312 - Cereal
Grain Wholesaling
NACE 2002 Codes:
5121 - Wholesale
of grain, seeds and animal feeds
5153 - Wholesale
of wood, construction materials and sanitary equipment
5152 - Wholesale
of metals and ores
NAICS 2002 Codes:
424910 - Farm
Supplies Merchant Wholesalers
424510 - Grain
and Field Bean Merchant Wholesalers
423510 - Metal
Service Centers and Other Metal Merchant Wholesalers
423320 - Brick,
Stone, and Related Construction Material Merchant Wholesalers
US SIC 1987:
5191 - Farm
Supplies
5153 - Grain
and Field Beans
5051 - Metals
Service Centers and Offices
5032 - Brick,
Stone, and Related Construction Materials
UK SIC 2003:
5121 - Wholesale
of grain, seeds and animal feeds
5153 - Wholesale
of wood, construction materials and sanitary equipment
5152 - Wholesale
of metals and ores
Business Description
Trading ni
agricultural products like beans and pulses, rice, wheat, sugar, cotton and oil
seeds.
More Business Descriptions
· Trading in agricultural products such as beans, pulses, wheat, rice, sugar and edible oils; trading in other products such as steel, cement and fertilisers
· Oilseed (except Soybean) Farming
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Executive report
Executives
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General Manager-Finance |
Division Head Executive |
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Managing Director |
Managing Director |
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Director |
Managing Director |
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Head-Operations |
Operations Executive |
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Administration and Human Resources Officer |
Administration Executive |
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Director, Personnel |
Human Resources Executive |
Pepper futures debuts on SMX' electronic trading
platform
Press Trust of India:
27 September 2010
[What follows is
the full text of the news story.]
Singapore,
September 28, 2010 (PTI) -- Singapore Mercantile Exchange (SMX) today announced
that it will launch the world's first international black pepper futures
contract on its electronic trading platform with physical delivery-based
settlement, as its first agricultural commodity derivatives product.
SMX has obtained
approval from the Monetary Authority of Singapore (MAS) to list the contract on
its trading platform.
At present SMX is
working with industry partners to create awareness about the new contract,
while collecting their feedback to streamline the physical settlement
procedure.
SMX Chief
Executive Officer Thomas J McMahon said: "Exhaustive research and close
consultation with key industry players is one of our primary objectives."
"We are
listing the most commonly traded grade of black pepper, from discussions and
partnerships with key exporters and importers both on a regional and global
basis. Trading hours will span all major markets, providing exciting
opportunities for price discovery leading to global benchmarking," McMahon
said.
"Managing
price volatilities is a very crucial factor in agricultural products such as
Black Pepper, where markets are unpredictable. The marketplace seems excited by
the latest development, and on our part agriculture commodity derivatives is a
key segment for expansion," he added.
On the launch,
international commodity trading company Agrocorp International Pte Ltd's
Managing Director Vijaykumar Iyengar, said: "Overall the key producers of
black pepper are in Asia, while the larger consuming nations are in the West.
Such listings by SMX essentially bring all market players to the same table,
ensuring efficient price discovery."
Vietnam Pepper
Association Chairman Do Ha Nam added: "Having a black pepper futures
contract would give rise to natural price discovery which would benefit the
entire value chain participants of Black Pepper."
According to SMX,
the list of the key black pepper exporting nations of include Malaysia,
Indonesia, Sri Lanka and Brazil.
The US is the
largest importer of black pepper. Other large importing nations include
Germany, Netherlands and Singapore, it said. PTI CORR SUM SHT 09281145
(THROUGH ASIA
PULSE)
28-09 2010
FOREIGN EXCHANGE RATES
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Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
Rs.51.42 |
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UK Pound |
1 |
Rs.81.93 |
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Euro |
1 |
Rs.67.67 |
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.