MIRA
INFORM REPORT
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Report Date : |
17.01.2012 |
IDENTIFICATION DETAILS
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Name : |
NOBLE COTTON |
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Registered Office : |
60 Anson Road #19-01 Mapletree Anson Singapore 079914 |
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Country : |
Singapore |
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Date of Incorporation : |
16.10.2006 |
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Com. Reg. No.: |
53078942J |
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Legal Form : |
Sole Proprietorship |
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Line of Business : |
Trading Of All Types Of Cotton |
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No. of Employees : |
Not Available |
RATING & COMMENTS
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MIRA’s Rating : |
B |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
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Maximum Credit Limit : |
USD 30,000 |
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Status : |
Moderate |
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Payment Behaviour : |
No Complaints |
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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: |
Noble Cotton |
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Supplied Name: |
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Supplied
Address: |
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Fax Number: |
Notes: Subject’s exact name and address are as
above.
Credit Summary
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Credit Rating: |
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Credit Opinion: |
Company Identification Details
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Registered Name: |
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Registered
Address: |
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Commencement
Date |
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Date of
Registration:: |
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Renewal Date |
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Expiry Date |
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Registered
Number: |
53078942J |
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Registered
Capital: |
N/A |
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Legal Form: |
Sole
Proprietorship |
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Principal
Activities: |
82999--Trading
Of All Types Of Cotton |
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N/A |
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Status: |
Live |
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Listed at Stock
Exchange: |
No |
Notes: It is not
required for Sole Proprietorship to register capital and the staff information is
not available from subject or other sources.
History
Subject was
incorporated on
Owner
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Name: |
Noble Resources Pte. Ltd. |
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ID Number: |
200101811W |
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Address: |
60 Anson Road |
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Nationality: |
Singapore, Rep Of |
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Date of Appointment: |
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Subsidiaries & Branches
Related Company
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Name: |
Noble Resources Pte Ltd |
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Address: |
60 Anson Road, #19-01, Mapletree Anson Singapore
079914 |
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Tel: |
+65-6305-4888 |
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Fax: |
+65-6305-4889 |
Management Information
Detailed
Information of Management:
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Name: |
Franck, Jacques, Fernand Niedergang |
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ID Number: |
G5068247T |
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Address: |
2 Kim Seng Walk #26-07 Singapore 239404 |
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Nationality: |
French |
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Date of Appointment: |
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Operation Information
Offices
& Factories
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Office |
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Address: |
Production
Information
l
Subject is a trader of agricultural, industrial and
energy products without any production activities.
Purchase
l
Subject purchases mainly abroad from Brazil,
Australia, Indonesia, China, India and the Middle East, etc
Sales Information
l
Subject is engaged in sales of agricultural,
industrial and energy products.
l
Subject’s major products include Grains , Coffee ,
Cocoa , Cotton , Sugar , Fertilizer , Coal , Coke , Oil, Gas & Power, Iron
ore, Ferro alloys , Chrome ore, Manganese ore, Vanadium , Alumina/aluminum ,
Steel, etc
l
Subject’s products are both sold in domestic and
overseas market and it is introduced that subject can supply logistics service.
Settlements
Purchase
Domestic Markets
Subject has little
domestic purchase.
Overseas Markets
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Products |
Payment Terms |
Proportion |
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Agricultural,
industrial and energy products. |
CBD, etc |
100% |
Domestic Markets
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Sales Terms |
Proportion |
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Agricultural, industrial and energy products. |
CBD, etc |
100% |
Overseas Markets
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Product |
Sales Terms |
Proportion |
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Agricultural, industrial and energy products. |
CBD, etc |
100% |
Financial Information
We did not find any financial information of subject from local registry and
the only source from which we can obtain the relevant information should be the
subject itself.
Bankers
Subject delcined to disclose its bank details, from other source we can not
obtain the relevant information, either.
Interview Details
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Department: |
Sales department
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FOREIGN EXCHANGE RATES
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Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.51.65 |
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|
1 |
Rs.79.09 |
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Euro |
1 |
Rs.65.32 |
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.