MIRA
INFORM REPORT
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Report Date : |
03.02.2012 |
IDENTIFICATION DETAILS
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Name : |
ROYAL FINS EXPORTERS |
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Registered Office : |
64, Waterloo Street Hex 14-01, Singapore 187959 |
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Country : |
Singapore |
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Date of Incorporation : |
21.02.1983 |
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Com. Reg. No.: |
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Legal Form : |
Partnership |
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Line of Business : |
Not Available |
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No. of Employees : |
Not Available |
RATING & COMMENTS
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MIRA’s Rating : |
Ca |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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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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Status : |
Moderate |
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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 – September 30, 2011
|
Country Name |
Previous Rating (30.06.2011) |
Current Rating (30.09.2011) |
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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 |
Contact Points
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Company Name: |
Royal Fins
Exporters |
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Supplied Name: |
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Supplied
Address: |
Note: Subject’s exact address is as above.
Credit
Summary
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Credit Opinion: |
Since we did not find subject, in view of the absence of information
about operation, caution should be exercised. |
Special Notes
We tried to
contact subject through the phone number +65-6339-6846 obtained from public files,
the number is not in use any longer. And we did not find any other valid
contact or operation information of subject from public files according to the
supplied name or address, either.
Up to the date of
reporting, we failed to get in touch with subject, if you kindly supply other
contact, we’d like to continue our investigation.
We found subject’s
registration information from local registry, supplying as follows for
reference.
Company
Identification Details
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Registered Name: |
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Registered
Address: |
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Date of
Registration:: |
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Commencement
Date |
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Renewal Date |
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Expiry Date |
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Registered
Number: |
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Registered
Capital: |
N/A |
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Legal
Form: |
Partnership |
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Principal
Activities: |
46699--Wholesale
Of Other Specific Commodities Nec 46100--Wholesale
On A Fee Or Contract Basis (Eg Commission Agents) |
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N/A |
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Status: |
Live |
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Listed at Stock
Exchange: |
No |
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Date of Last
Annual Return: |
-- |
Notes: It is not required
for Partnership to register capital and the staff
number is not available from subject or other sources.
History
Subject was
incorporated on
Partners
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Name: |
Haja Bahurdeen |
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ID Number: |
S2649216E |
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Address: |
64 Waterloo Street #14-01 |
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Nationality: |
Singapore Citizen |
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Date of Appointment: |
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2 |
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Name: |
Habeeb Mohamed |
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ID Number: |
S8771747Z |
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Address: |
64 Waterloo Street #14-01 Waterloo Apartments
Singapore 187959 |
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Nationality: |
Singapore Citizen |
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Date of Appointment: |
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Withdraw Partners
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Name: |
Anverdeen S/O Abdul Kareem |
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ID Number: |
S2154037D |
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Address: |
73 Geylang Bahru #08-3058 Singapore 33007 |
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Nationality: |
Singapore P.R. |
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Date of Appointment: |
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Date of Withdrawal: |
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Subsidiaries
& Branches
We can not confirm whether subject has any subsidiaries or
branches.
Management
Information
Detailed
Information of Management:
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Name: |
Haja Bahurdeen |
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Position: |
Manager |
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ID Number: |
S2649216E |
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Address: |
64 Waterloo Street #14-01 Waterloo
Apartments Singapore 187959 |
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Nationality: |
Singapore Citizen |
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Date of Appointment: |
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Operation Information
We can
not confirm subject’s operation details, thus we supplied subject’s principal activities
in the registration files as follows for reference.
46699--Wholesale
Of Other Specific Commodities Nec
46100--Wholesale
On A Fee Or Contract Basis (Eg Commission Agents)
Financial Information
We did not find any financial informaiton of subject from local registry,
and the only source from which we can obtain the relevant informaiton should be
the subject itself.
Since we did not find subject, the financial formation is not available.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.49.12 |
|
|
1 |
Rs.77.84 |
|
Euro |
1 |
Rs.64.54 |
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 |
-- |
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.