MIRA INFORM REPORT
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Report Date : |
16.04.2012 |
IDENTIFICATION DETAILS
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Name : |
PROVENTURE RESOURCES PTE. LTD. |
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Registered Office : |
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Country : |
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Date of Incorporation : |
09.11.2011 |
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Com. Reg. No.: |
201132647H |
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Legal Form : |
Limited Exempt Private Company |
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Line of Business : |
Import & Export (Trading) - Mineral Ores and Timber
Products |
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No. of Employees
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Not Available |
RATING & COMMENTS
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MIRA’s Rating : |
Nb |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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---- |
NB |
New Business |
---- |
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Status : |
New Company |
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Payment
Behaviour : |
Unknown |
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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, 2012
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Country Name |
Previous Rating (31.12.2011) |
Current Rating (31.03.2012) |
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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 |
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Company Name: |
Proventure Resources Pte. Ltd. |
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Supplied Name: |
Proventure
Resources Pte Ltd. |
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Supplied
Address: |
20, Cecil
Street, 14-01, Equity Plaza, Singapore 049705 |
Notes: Subject’s exact name is as above.
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Credit Opinion: |
In view of the absence of information about subject’s operation,
caution should be exercised. |
We tried to
contact subject through the telephone number +65-6438-8887 obtained from public
files, the relevant staff of another company picked up the phone and introduced
that her company is located on the supplied address, and subject is only
registered on the address and there is no staff of subject on the address, we
tried to query more details, but she declined us.
No other valid
contact of subject was found from public files according to the supplied name
or address, either.
We failed to get
in touch with subject’s related office in UK though the number +44 7440022533,
either.
From public files,
we found that subject is engaged in trading of Minerals, Granites, Timber, Agro
Products, etc, but the information is still to be confirmed.
Up to the date of
reporting, we failed to get in touch with subject, if you kindly supply further
information such as contact information, we’d like to continue our
investigation
We found subject’s
registration information from local registry, supplying as follows for reference.
Notes: The staff
information is not available from subject or other sources.
Subject was incorporated on
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Subscription Amount |
Proportion of Investment (%) |
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Donda
Anil |
350 |
35% |
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Srinivas
Kona |
650 |
65% |
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Total |
1,000 |
100% |
Major Shareholder
Information:
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1 |
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Name: |
Donda
Anil |
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ID
Number: |
N2249730 |
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Address: |
Unit
6/22, Parkes St, Parramatta, Sydney, Nsw 2150, Australia |
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2 |
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Name: |
Srinivas
Kona |
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ID
Number: |
Z1418265 |
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Address: |
Sriram
Towers, Vijayawada - 10, Krishna Dist, India |
Related Offices
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India Pin:
500 033 UK Suit
# 4, Vineyard studios, 18 ShaftsburyRoad, London E7 8PY Tel:
+44
7440022533 |
Core Management
Detailed Information
of Management:
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1 |
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Name: |
Donda Anil |
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Position: |
Director |
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ID Number: |
N2249730 |
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Address: |
Unit 6/22,
Parkes St, Parramatta, Sydney, Nsw 2150, AUSTRALIA |
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Nationality: |
Australian |
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Date of
Appointment: |
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2 |
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Name: |
Lim Soh Sea |
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Position: |
Secretary |
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ID Number: |
S7077960I |
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Address: |
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Nationality: |
Singapore
Citizen |
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Date of
Appointment: |
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3 |
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Name: |
Masdewiana Binte
Mohd Kasim |
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Position: |
Secretary |
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ID Number: |
S7935914I |
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Address: |
613 Bedok
Reservoir Road #11-1180 Singapore 470613 |
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Nationality: |
Singapore
Citizen |
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Date of
Appointment: |
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4 |
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Name: |
Dinesh Ramaraju |
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Position: |
Director |
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ID Number: |
S |
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Address: |
121B Rivervale
Drive #13-426 Singapore 542121 |
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Nationality: |
Singapore P.R. |
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Date of Appointment: |
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5 |
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Name: |
Srinivas Kona |
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Position: |
Director |
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ID Number: |
Z1418265 |
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Address: |
Sriram Towers,
Vijayawada - 10, Krishna Dist, India |
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Nationality: |
Indian |
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Date of
Appointment: |
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Offices
& Factories
We can not confirm subject’s current trading
address.
Operation
Information
We can not confirm subject’s operation details, from public files, we
found that subject is engaged in trading of Minerals, Granites, Timber, Agro
Products, etc, but the information is still to be confirmed.
Since we did not find subject, the settlement information is not available.
In Singapore, Limited Exempt Private Companies are not obligated to submit
their financial statements to the local registry. Since subject is newly set
up, we did not find the financials of subject from the local registry, and we
can not obtain the information from subject itself, either.
Information on bank details is not available from subject or other sources.
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.