MIRA INFORM REPORT

 

 

Report Date :

04.08.2012

 

IDENTIFICATION DETAILS

 

Name :

GLOBAL UNITED SHIPPING (S) PTE. LTD.

 

 

Registered Office :

1 Kim Seng Promenade #12-01 Great World City Singapore 237994

 

 

Country :

Singapore

 

 

Date of Incorporation :

11.08.2010

 

 

Com. Reg. No.:

201016932K

 

 

Legal Form :

Limited Private Company

 

 

Line of Business :

Ship Owners

Other Investment Holding Companies

 

 

No. of Employees :

Not Available 

 

RATING & COMMENTS

 

MIRA’s Rating :

B

 

RATING

STATUS

PROPOSED CREDIT LINE

26-40

B

Capability to overcome financial difficulties seems comparatively below average.

Small

 

Status :

Moderate

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:

Global United Shipping (S) Pte. Ltd.

Supplied Name:

Global United Shipping Pte Limited

Trading Address:

1 Kim Seng Promenade #12-01 Great World City Singapore 237994

Supplied Address:

1 Kim Seng Promenade #12-01 Great World City East Tower Singapore 237994

Telephone Number:

+65-6278-8233

Fax Number:

+65-6278-3881

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

 

 

Credit Summary

 

Credit Opinion:

Business connections are permissible.

 

 

Company Identification Details

 

Registered Name:

Global United Shipping (S) Pte. Ltd.

Registered Address:

1 Kim Seng Promenade #12-01 Great World City Singapore 237994

Date of Registration::

2010-8-11

Registered Number:

201016932K

Country of Incorporation:

Singapore

Registered Capital:

SGD 50,000 (USD 39,700)

USD 7,977,876

(As of 2012.08, 1 SGD = 0.794 USD)

Paid-up Capital:

SGD 50,000 (USD 39,700) = 50,000 Shares@1 SGD

USD 7,977,876 = 7,977,876 Shares@ 1 USD

Legal Form:

Limited Private Company

Principal Activities:

52226--Ship Owners

64202--Other Investment Holding Companies

Staff:

N/A

Status:

Live Company

Listed at Stock Exchange:

No

 

Notes: Subject did not introduce its staff number and from other source we can not obtain the relevant information, either.

 

History

 

Subject was incorporated on 2010-8-11 with registered number 201016932K as Limited Private Company in Singapore.

 

 

Shareholders

 

Name

Subscription Amount

Proportion of Investment (%)

Prem Investments Limited

SGD 50,000

100%

USD 7,977,876

100%

 

Major Shareholder Information:

Name:

Prem Investments Limited

ID Number:

T10UF2283J

Address:

3 Coleman Street #03-29 Peninsula Shopping Centre Singapore 179804

 

 

Subsidiaries & Branches

 

Related Companies

1

Name

Synergy Maritime (P) Ltd

Address

2nd Floor, Eastern Wing Steeple Reach No.25, Cathedral Road, Gopalapuram Chennai 600 086, India.

Tel

+91 44 6621 5555

Fax:

+91 44 6621 5500

E-mail

mail@synergyship.com 

2

Name

Synergy Marine Pte Ltd

Jalhansa Singapore Pte Ltd

Address

1 Kim Seng Promenade #12-01 Great World City East Tower Singapore 237994

Tel

+65-6278 8233

Fax:

+65-6278 8233

E-mail

mail@synergyship.com 

3

Name

Jalhansa Enterprises Pvt. Ltd

Address

37/717-A, Ambady Lane Elamkulam Kochi – 682 020 India

Tel

+91 484 4044781

Fax:

+91 484 220 5196

E-mail

travels@jalhansindia.com 

 

 

Management Information

 

Core Management

Detailed Information of Management:

1

Name:

Rajesh Madhavan Unni

Position:

Director

ID Number:

S7360791D

Address:

78 Bayshore Road #11-22 Costa Del Sol Singapore 469991

Nationality:

Singapore P.R.

Date of Appointment:

2010-8-11

2

Name:

Azura Binte Koyah

Position:

Secretary

ID Number:

S8504682I

Address:

351A Canberra Road #07-313 Singapore 751351

Nationality:

Singapore Citizen

Date of Appointment:

2010-8-11

 

 

 

Operation Information

 

Offices & Factories

 

Office

Address:

1 Kim Seng Promenade #12-01 Great World City Singapore 237994

 

Operation Information

Subject operated as headquarter of its group.

Business of subject’s group includes services of ship management, ship operation and offshore verticals and the group serves the customers all over the world.

 

Major Service of the group

Ship Management

Technical Management

Crew Management

Lay-Up Management

Commercial Management

Trading Service

Marine Travel Solution

Travel Specialists Consulting Service

Agency Service

Port Agency Service

protective agency service

Marine Logistics Service

Warehousing and Distribution Service

Offshore Service

Offshore /Subsea Vessels Management

Costal Shipping Service

Costal Shipping Service Along Hoogly River To Ports Like Haldia And Calcutta In India

 

Settlements

 

Subject did not introduce its settlement information; from other source we can not obtain the relevant information, either.

 

 

 

 

Financial Information

 

We did not find any financial information of subject from local registry of Singapore and the only source from which we can obtain the information is the subject itself.

 

Subject declined to disclose the financials citing the grounds of company’s confidentiality; from other source we can not obtain the relevant information, either.

 

 

Bankers

 

Bank Charges

1

Charge Number

C201203733

Date of Registration

2012-4-9

Name

Orix Investment And Management Private Limited

Amount Secured

All Monies

2

Charge Number

C201203735

Date of Registration

2012-4-9

Name

Orix Investment And Management Private Limited

Amount Secured

All Monies        

3

Charge Number

C201203736

Date of Registration

2012-4-9

Name

Orix Investment And Management Private Limited

Amount Secured

All Monies

 

 

Interview Details

 

Interview Date:

2012-8-2

 

 

 

 

 


FOREIGN EXCHANGE RATES

 

Currency

Unit

Indian Rupees

US Dollar

1

Rs.56.08

UK Pound

1

Rs.87.03

Euro

1

Rs.68.36

 

INFORMATION DETAILS

 

Report Prepared by :

MNL

 

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.