MIRA INFORM REPORT

 

 

Report Date :

09.02.2012

 

IDENTIFICATION DETAILS

 

Name :

VESAK SINGAPORE PTE. LTD.

 

 

Registered Office :

180B Bencoolen Street #12-05 Bencoolen, The Singapore 189648

 

 

Country :

Singapore

 

 

Date of Incorporation :

23.06.2009

 

 

Com. Reg. No.:

200911260K

 

 

Legal Form :

Limited Exempt Private Company

 

 

Line of Business :

Traders In Timber and General Wholesale Trade

 

 

No. of Employees :

Not Available

 

RATING & COMMENTS

 

MIRA’s Rating :

Ca

 

RATING

STATUS

PROPOSED CREDIT LINE

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

 

Status :

Moderate

 

 

Payment Behaviour :

Unknown  

 

 

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)

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:

Vesak Singapore Pte. Ltd.

Supplied Name:

Vesak Singapore Pte Ltd.

Supplied Address:

10, Jalan Besar, 11-05 Simlim Tower Singapore 208787

Notes: Subject’s exact name is as above.

 

 

Credit Summary

 

Credit Opinion:

In view of the absence of information about subject’s operation, caution should be exercised.

 

 

Special Notes

 

We did not find any operation information or contact information of subject from public files according to the supplied name or address.

Subject’s registration files show subject’s principal activities as follows:

46631--Traders In Timber/Lumber And Related Products

46900--General Wholesale Trade (Including General Importers And Exporters)

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

 

Registered Name:

Vesak Singapore Pte. Ltd.

Registered Address:

180B Bencoolen Street #12-05 Bencoolen, The Singapore 189648

Date of Registration::

2009-6-23

Registered Number:

200911260K

Country of Incorporation:

Singapore

Registered Capital:

USD 800,000

SGD 1

Paid-up Capital:

USD 800,000 = 800,000 Shares@1 USD

SGD 1

Legal Form:

Limited Exempt Private Company

Principal Activities:

46631--Traders In Timber/Lumber And Related Products

46900--General Wholesale Trade (Including General Importers And Exporters)

Staff:

N/A

Status:

Live Company

Listed at Stock Exchange:

No

Date of Last Annual Return:

2011-10-28

 

 

History

 

Subject was incorporated on 2009-6-23 with registered number 200911260K as Limited Exempt Private Company in Singapore.

 

 

Shareholders

 

Unit: USD

Name

Subscription Amount

Proportion of Investment (%)

Mukesh Kumar Sharma

500,000

62.5%

Sharma Mukesh Kumar

300,000

37.5%

Total

800,000

100%

Unit: SGD

Mukesh Kumar Sharma

1

100%

Total

1

100%

 

Major Shareholder Information:

1

Name:

Mukesh Kumar Sharma

ID Number:

G6310704U

Nationality:

122 Race Course Road #03-02 Race Course Mansion Singapore 218583

2

Name:

Sharma Mukesh Kumar

ID Number:

H4403849

Address:

#12-05, Benco0len Street, The Bencoolen, Singapore 189648

 

 

Subsidiaries & Branches

 

We can not confirm whether subject has any subsidiaries or branches.

 

 

Management Information

 

Core Management

 

Detailed Information of Management:

1

Name:

Mukesh Kumar Sharma

Position:

Director

ID Number:

G6310704U

Address:

122 Race Course Road #03-02 Race Course Mansion Singapore 218583

Nationality:

Indian

Date of Appointment:

2009-6-23

2

Name:

Lakshmi Narasimhan Srikanth

Position:

Director

ID Number:

S2748546D

Address:

134 Lorong Ah Soo #08-468 Singapore 530134

Nationality:

Indian

Date of Appointment:

2011-6-18

3

Name:

Mujubu Rahman Abdul Jabbar

Position:

Secretary

ID Number:

S7080588Z

Address:

30 Jalan Bahagia #03-376 Singapore 320030

Nationality:

Singapore Citizen

Date of Appointment:

2010-3-25

 

 

Operation Information

 

We can not confirm subject’s operation details, thus we supplied subject’s principal activities registered in the local registry as follows for reference.

 

46631--Traders In Timber/Lumber And Related Products

46900--General Wholesale Trade (Including General Importers And Exporters)

 

 

Settlements

 

Settlement information is not available from subject or other sources.

 

 

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, from other source we can not obtain the relevant informaiton, either.

 

 

Bankers

 

Bank charges

Charge 1

Charge Number:

C201100477

Date of Registration:

2011-1-12

Name:

Indian Overseas Bank

Amount Secured:

All Monies

Charge 2

Charge Number:

C201100478

Date of Registration:

2011-1-12

Name:

Indian Overseas Bank

Amount Secured:

All Monies

 

FOREIGN EXCHANGE RATES

 

Currency
Unit

Indian Rupees

US Dollar

1

Rs.49.06

UK Pound

1

Rs.78.08

Euro

1

Rs.65.15

 

 

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.