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Report Date : |
17.08.2012 |
IDENTIFICATION DETAILS
|
Name : |
AGRIM PTE. LTD. |
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Registered Office : |
1 North Bridge Road, #19-04/05, High Street Centre Singapore 179094 |
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Country : |
Singapore |
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Date of Incorporation : |
10.11.2011 |
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Com. Reg. No.: |
201132736Z |
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Legal Form : |
Limited Exempt Private Company |
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line of business
: |
Procurement, processing, marketing, trading and supply of agro based
products |
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No. of Employees : |
About 5 Employees |
RATING & COMMENTS
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MIRA’s Rating : |
NB |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
- |
NB |
New Business |
- |
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Status : |
New Business |
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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
|
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 |
|
Company Name: |
Agrim Pte. Ltd. |
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Supplied Name: |
|
|
1 North Bridge Road, #19-04/05, High
Street Centre Singapore 179094 |
|
|
Supplied Address: |
|
|
Fax Number: |
Note: The exact address is as above.
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Credit Rating: |
|
|
Credit Opinion: |
Since the subject is a newly established
company, the future development remains to be seen. At this stage credits
require securities. |
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Registered Name: |
|
|
Registered Address: |
1 North Bridge Road, #19-04/05, High
Street Centre Singapore 179094 |
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Date of Registration:: |
2011-11-10 |
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Registered Number: |
201132736Z |
|
Country of Incorporation: |
Singapore |
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Registered Capital: |
SGD 2.00 (USD 1.605) (As of 2012.08, 1 SGD = 0.8025 USD) |
|
Paid-up Capital: |
SGD 2.00 (USD 1.605) = 2 Shares@1 SGD |
|
Legal Form: |
Limited Exempt Private Company |
|
Principal Activities: |
10793 Procurement, processing, marketing, trading and supply of agro based
products 46900 General wholesale trade (including general importers and exporters) |
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About 5 Employees |
|
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Status: |
Live Company |
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Listed at Stock Exchange: |
No |
|
Date of Last Annual Return: |
-- |
Subject was incorporated on 2011-11-10 with
registered number 201132736Z as Limited Exempt Private Company in Singapore.
|
Subscription Amount |
Proportion of Investment (%) |
|
|
Anoop Khandelwal |
1 |
50% |
|
Poonam Sethi |
1 |
50% |
|
Total |
2 |
100% |
Major Shareholder Information:
|
1 |
|
|
Name: |
Anoop Khandelwal |
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ID Number: |
Z2044054 |
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Address: |
210,B-Sector,Indrapuri, Bhopal 462021,M.P. |
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Nationality: |
Indian |
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2 |
|
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Name: |
Poonam Sethi |
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ID Number: |
Z2044055 |
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Address: |
210,B-Sector,Indrapuri, Bhopal 462021,M.P. |
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Nationality: |
Indian |
Related Company
|
1 |
|
|
Name: |
Agrim Industries Ltd |
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Address: |
Medan-20152, Indonesia |
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Telephone Number: |
+62-61-455-7100 |
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Fax Number: |
+62-61-415-2481 |
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E-mail: |
|
|
2 |
|
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Name: |
August Industries |
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Address: |
Jaipur-302016, India |
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Telephone Number: |
+91-141-220-2162 |
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E-mail: |
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Detailed Information of Management:
|
1 |
|
|
Name: |
Khandelwal Minakshi |
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Position: |
Director |
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ID Number: |
S7380941Z |
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Address: |
30 Tanah Merah Kechil Road, #11-02, East Meadows Singapore 465558 |
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Nationality: |
Singapore P.R. |
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Date of Appointment: |
2011-11-10 |
|
2 |
|
|
Name: |
Anoop Khandelwal |
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Position: |
Director |
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ID Number: |
Z2044054 |
|
Address: |
210,B-Sector,Indrapuri, Bhopal 462021,M.P. |
|
Nationality: |
Indian |
|
Date of Appointment: |
2011-11-10 |
|
3 |
|
|
Name: |
Poonam Sethi |
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Position: |
Director |
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ID Number: |
Z2044055 |
|
Address: |
210,B-Sector, Indrapuri, Bhopal 462021,M.P. |
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Nationality: |
Indian |
|
Date of Appointment: |
2011-11-10 |
|
4 |
|
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Name: |
Vangal Rangarajan Ranganathan |
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Position: |
Secretary |
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ID Number: |
S2662860A |
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Address: |
207 Serangoon Central, #11-198, Singapore
550207 |
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Nationality: |
Singapore Citizen |
|
Date of Appointment: |
2012-5-1 |
Personnel Structure
|
Total Employees |
Offices & Factories
|
|
Office |
|
Address: |
1 North Bridge Road, #19-04/05, High Street
Centre Singapore 179094 |
Subject is a trader of agro commodities, chemicals, cloths, packing materials
and industrial products, etc without any production activities.
Purchase Information
It is introduced
that subject purchases products from abroad such as Indonesia, Malaysia, and
India.
Sales Information
Subject is engaged in sales of agro commodities, chemicals, cloths,
packing materials and industrial products, etc.
Subject’s sales regions include Middle East, Asia, Europe, India and
United States.
Major products sold
|
Product |
|
|
Foodstuffs |
Desiccated Coconut, Raw Cashew Nut, Groundnut, Coffee Beans, Cocoa
Beans, Soya Beans, Cloves stem, Cassia, Nutmeg, Pepper, Cubeb, Chilli, Turmeric, Fenugreek |
|
Forestry Products |
Betelnuti, Damar Batu |
|
Animal and Poultry Feed Products |
Soya Bean Meal, Corn, Canola Meal, Rapeseed Meal, Rice Bran |
|
Chemical |
Sodium Cyclamate, Activated Bleaching Earth, Soap Noodle |
|
Edible & Non-Edible Oils |
Crude/ RBD Coconut Oil, Crude/ RBD Palm Kernel Oil, RBD Palm Olein-Cooking Oils, Fatty Acids |
Purchase
Domestic Markets
Subject has little domestic purchase.
Overseas Markets
|
Products |
Payment Terms |
Proportion |
|
Agro commodities, etc |
CBD, etc |
100% |
Domestic Markets
|
Sales Terms |
Proportion |
|
|
COD, CBD, etc |
100% |
Overseas Markets
|
Product |
Sales Terms |
Proportion |
|
Agro commodities, etc |
CBD, etc |
100% |
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.
Subject declined to disclose its bank details; from
other source we cannot obtain the relevant information, either.
|
Interview Date: |
2012-8-15 |
|
Name: |
Mr. Minakshi |
The credit index is in fact the number of risky
points. The lower credit index is, the higher is the creditworthiness of the
company. The following table can be used for evaluation of the creditworthiness
of a company:
|
100 – 150 risky points |
Very good creditworthiness |
|
151 – 250 risky points |
Good creditworthiness |
|
251 – 320 risky points |
Average creditworthiness |
|
321 – 400 risky points |
Poor creditworthiness |
|
401 – 500 risky points |
Insufficient creditworthiness |
|
501 – 600 risky points |
Business connection is rejected |
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.55.99 |
|
UK Pound |
1 |
Rs.87.55 |
|
Euro |
1 |
Rs.68.69 |
INFORMATION DETAILS
|
Report Prepared
by : |
SDA |
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%)
This report is issued at your request without any
risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL)
or its officials.