MIRA INFORM REPORT
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Report Date : |
08.02.2012 |
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Tel. No.: |
62240237 |
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Fax No.: |
62278661 |
IDENTIFICATION DETAILS
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Name : |
NETWORTH TRADING PTE. LTD. |
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Registered Office : |
14 Robinson Road #10-02 Far East Finance Building Singapore 048545 |
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Country : |
Singapore |
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Date of Incorporation : |
08.08.2008 |
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Com. Reg. No.: |
200815769D |
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Legal Form : |
Limited Exempt Private Company |
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Line of Business : |
General Wholesale
Trade (Including General Importers And Exporters) |
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No. of Employees
: |
Not Available |
RATING & COMMENTS
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MIRA’s Rating : |
C |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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<10 |
C |
Absolute credit risk exists. Caution needed to be exercised |
Credit not
recommended |
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Status : |
Undetermined |
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Payment
Behaviour : |
Unknown |
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Litigation : |
---- |
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 30th, 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: |
Networth Trading
Pte. Ltd. |
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Supplied Name: |
Networth Trading P Ltd |
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Supplied Address: |
24 B Temple Street, Singapore 058569 |
Notes:
Subject’s exact name is as
above.
Credit
Summary
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Credit Opinion: |
In view of the
absence of information about subject’s operation, caution should be
exercised. |
Special
Notes
We tried to contact subject according to the
supplied phone number +65-6224-0237, the number is not in use any longer. We
can not confirm whether the supplied fax +65-6227-8661 belong to subject, either.
We did not find any contact according to the
supplied name from public files, we tried to contact the company located on the
supplied address through the number +65-6535-0980, the number belongs to
another company which did not introduce any information o f subject to us.
Based on subject’s registered address there
is a company named SIMF Management Pte. Ltd., we tried to contact the company
(+65-5222-5059), the relevant staff did not introduce any information of subject,
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
Notes: the Staff number is not available from subject or other sources.
History
Subject was
incorporated on
Shareholders
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Subscription
Amount |
Proportion
of Investment (%) |
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1 |
0.001% |
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Lalit
Rajendra Jain |
99,999 |
99.999% |
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Total |
100,000 |
100% |
Major Shareholder Information:
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1 |
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Name: |
Samirr S/O Dalpatram Devmurari |
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ID Number: |
S1573692E |
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Address: |
43 Simei Rise #01-25 Savannah Condopark
Singapore 528785 |
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2 |
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Name: |
Lalit Rajendra Jain |
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ID Number: |
S8063499D |
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Address: |
29 Amber Road #05-01 Sea View, The
Singapore 439942 |
Subsidiaries &
Branches
We can not confirm
whether subject has any subsidiaries or branches.
Management
Information
Detailed Information of Management:
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1 |
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Name: |
Jaggavarapu Roman Reddy |
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Position: |
Director |
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ID Number: |
G6449259X |
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Address: |
507B Wellington Circle #12-130 |
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Nationality: |
Indian |
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Date of Appointment: |
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2 |
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Name: |
Nithya Kalyani |
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Position: |
Secretary |
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ID Number: |
S |
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Address: |
39 Coronation Road Singapore 269450 |
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Nationality: |
Singapore P.R. |
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Date of Appointment: |
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3 |
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Name: |
Shimoga Krishnamoorthy Rao Guruprakash |
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Position: |
Director |
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ID Number: |
S2577281D |
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Address: |
125 Meyer Road #17-06 Makena, THE Singapore
437936 |
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Nationality: |
Singapore Citizen |
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Date of Appointment: |
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Operation
Information
From public files we found
subject’s operation information as follows, since we did not find subject, the information
is not confirmed and only for reference.
Subject is engaged trading
of
Iron Ore Fines from India,
Brazil, Iran & Indonesia
MS1/2 scrap on CNF basis,
Pig Iron Cement Ukraine/Russian on CNF allocation stock
Brazilian / Indian Sugar ICUMSA45/100/150/
Alum UBC Cans Scrap cnf India, HK
Other Minerals
Subject also undertakes Turnkey consulting for Cement Plants from 8000TDP
onwards
Subject places Stocklots of Garments / Textiles at attractive prices.
Financial Information
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.
Bankers
The bank details
are not available from subject or other sources.
Auditors
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Name: |
VKR PRACTICES |
FOREIGN EXCHANGE RATES
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Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
Rs.48.92 |
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UK Pound |
1 |
Rs.77.31 |
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Euro |
1 |
Rs.64.12 |
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.