MIRA INFORM REPORT

 

 

Report Date :           

18.01.2012

 

IDENTIFICATION DETAILS

 

Correct Name :

PVS INTERNATIONAL (SINGAPORE) PTE LTD

 

 

Registered Office :

133 Cecil Street, #16-02A, Keck Seng Tower, Singapore 069535

 

 

Country :

Singapore

 

 

Date of Incorporation :

15.04.1992

 

 

Com. Reg. No.:

199201934Z

 

 

Legal Form :

Private Limited Liability Company

 

 

Line of Business :

Wholesale of Logs, Sawn Timber, Plywood and Related Products

 

 

No. of Employees :

Not available

 

RATING & COMMENTS

 

MIRA’s Rating :

B

 

RATING

STATUS

PROPOSED CREDIT LINE

26-40

B

Capability to overcome financial difficulties seems comparatively below average.

Small

 

Maximum Credit Limit :

USD 20,000

 

 

Status :

Moderate

 

 

Payment Behaviour :

No Complaints

 

 

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 30th, 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:

PVS International (Singapore) Pte Ltd

Supplied Name:

PSV International (S) Pte Ltd.

Trading Address:

133 Cecil Street, #16-02A, Keck Seng Tower, Singapore 069535

Supplied Address:

Keck Seng Tower 133 Cecil Street, 16-02A, Singapore 069535

Telephone Number:

+65-63344930

Fax Number:

+65-63342063

E-mail:

info@pvsinternational.com

Notes:

The exact subject’s name and address are as above mentioned.

 

 

Credit Summary

 

Credit Rating:

Maximum credit USD 20,000

Credit Opinion:

Business connections are permissible.

 

 

Company Identification Details

 

Registered Name:

PVS International (Singapore) Pte Ltd

Registered Address:

133 Cecil Street, #16-02A, Keck Seng Tower, Singapore 069535

Date of Registration::

1992-4-15

Registered Number:

199201934Z

Country of Incorporation:

Singapore

Registered Capital:

SGD 8,050,000.00 (USD 6,334,545.00)

(As of 2012.1, 1 SGD = 0.7869 USD)

Paid-up Capital:

SGD 8,050,000.00 (USD 6,334,545.00)

= 8,050,000 Shares@1 SGD

Legal Form:

Private Limited Liability Company

Principal Activities:

46900 Wholesale Of Logs, Sawn Timber, Plywood And Related Products

Providing Market Research Services

Staff:

N/A

Status:

Live Company

Listed at Stock Exchange:

 

Date of Last Annual Return:

30-09-2011

Notes:

Subject declined to introduce its staff number.

 

 

History

 

Subject was incorporated on 1992-4-15 with registered number 199201934Z as Private Limited Liability Company in Singapore.

 

 

Shareholders

 

Name

Subscription Shares

Proportion of Investment (%)

Nihalani Vijay Choithram

4,830,000

60%

Nihalani Pavan Vijay

805,000

10%

Nihalani Preeti Vijay

805,000

10%

Nihalani Vikash Vijay

805,000

10%

Nihalani Sanjay Vijay

805,000

10%

Total

8,050,000

100%

 

Major Shareholder Information:

1

Name:

Nihalani Vijay Choithram

ID Number:

F1652698M

Address:

133 Cecil Street #16-02a Keck Seng Tower Singapore 069535

2

Name:

Nihalani Pavan Vijay

ID Number:

Z1849719

Address:

701 Coste Belle Perry Cross Road Bandra, Mumbai, India

3

Name:

Nihalani Preeti Vijay

ID Number:

Z2057914

Address:

701 Coste Belle Perry Cross Road, Bandra Mumbai, India

4

Name:

Nihalani Vikash Vijay

ID Number:

Z2059158

Address:

701 Coste Belle Perry Cross Road, Bandra, Mumbai, India

5

Name:

Nihalani Sanjay Vijay

ID Number:

Z2059302

Address:

701 Coste Belle Perry Cross Road, Bandra, Mumbai, India

 

 

Subsidiaries & Branches

 

Affiliated Company:

1

Name:

PVS Malaysia

Address:

Centro, 8, Jalan Batu Tiga Laa, 41300 Klang, Selangor, Malaysia

2

Name:

PVS Romania

Address:

B-Dul 1 Mal, Nr. 4, Birul Nr 11, Complex Mastesugaresc Arena, Etaj 1, Judetul Suceava, Romania

3

Name:

PVS China

Address:

Rm # 1902 Sunshine Int’L Center, No.2 Hibin Road, Xugou, Lianyun District Liangyungang, China

4

Name:

PVS India

Address:

701-702, Makhijia Chambers, Turner Road, Bandra(W), Mumbai-50

 

 

 

 

Management Information

 

Core Management

Detailed Information of Management:

1

Name:

Nihalani Vijay Choithram

Position:

Director

ID Number:

F1652698M

Address:

133 Cecil Street, #16-02A, Keck Seng Tower, Singapore 069535

Nationality:

Indian

Date of Appointment:

1992-4-15

2

Name:

Nihalani Vijay Choithram

Position:

Secretary

ID Number:

F1652698M

Address:

133 Cecil Street, #16-02A, Keck Seng Tower, Singapore 069535

Nationality:

Indian

Date of Appointment:

2011-6-24

3

Name:

Nihalani Vijay Choithram

Position:

Managing Director

ID Number:

F1652698M

Address:

133 Cecil Street, #16-02A, Keck Seng Tower, Singapore 069535

Nationality:

Indian

Date of Appointment:

1992-10-2

4

Name:

Nihalani Pavan Vijay

Position:

Director

ID Number:

Z1849719

Address:

701 Coste Belle Perry Cross Road Bandra, Mumbai, India

Nationality:

Indian

Date of Appointment:

2011-3-18

5

Name:

Nihalani Preeti Vijay

Position:

Director

ID Number:

Z2057914

Address:

701 Coste Belle Perry Cross Road, Bandra Mumbai, India

Nationality:

Indian

Date of Appointment:

2011-3-18

6

Name:

Nihalani Vikash Vijay

Position:

Director

ID Number:

Z2059158

Address:

701 Coste Belle Perry Cross Road, Bandra, Mumbai, India

Nationality:

Indian

Date of Appointment:

2011-3-18

7

Name:

Nihalani Sanjay Vijay

Position:

Director

ID Number:

Z2059302

Address:

701 Coste Belle Perry Cross Road, Bandra, Mumbai, India

Nationality:

Indian

Date of Appointment:

2011-3-18

 

 

Operation Information

 

Offices & Factories

 

Office

Address:

133 Cecil Street, #16-02A, Keck Seng Tower, Singapore 069535

 

Purchase

l         The products of subject for sale are purchased from abroad.

l         Subject imported from the Far East, South America, Europe and Africa.

 

Sales Information

l         Subject is mainly engaged in trading of logs, sawn timber, plywood and related products, etc.

l         Subject has both domestic and foreign markets.

l         Subject has a major proportion for export.

l         Subject exports to Middle East, North Africa, Europe, etc.

 

 

Settlements

 

Purchase

Domestic Markets

Notes: Subject seldom purchases from domestic markets.

Overseas Markets

Products

Payment Terms

Proportion

Wood products

CBD, COD, etc.

100%

 

Sales

Domestic Markets

Products

Payment Terms

Proportion

Wood products, etc.

CBD, COD, etc.

100%

 

Overseas Markets

Product

Sales Terms

Proportion

Wood products, etc.

CBD, COD, etc.

100%

 

 

Financial Information

 

Subject has no obligations to disclose its financial statements to the third party according to the relevant policy in Singapore, subject did not submit the latest information to the local registry, and the only source from which we can obtain the information is the subject itself.

Subject’s relevant staff declined to disclose its financials citing the grounds of company’s confidentiality; from other source we cannot obtain the relevant information, either.

 

Auditors

 

Name:

V. P. Kumaran & Co.

 

 

Public

 

Charges

Charge 1

Charge Number:

C200701959

Date of Registration:

2007-3-12

Name:

Bank of India

Amount Secured:

All Monies

Charge 2

Charge Number:

C201003011

Date of Registration:

2010-4-9

Name:

Indian Bank

Charge 3

Charge Number:

C201006604

Date of Registration:

2010-7-30

Name:

Bank of Baroda

Charge 4

Charge Number:

C201110282

Date of Registration:

2011-8-18

Name:

Indian Overseas Bank

Amount Secured:

All Monies

Charge 5

Charge Number:

C201110283

Date of Registration:

2011-8-18

Name:

Indian Overseas Bank

 

Notes:

The woman who answered the telephone declined to introduce her name.

 

FOREIGN EXCHANGE RATES

 

Currency
Unit

Indian Rupees

US Dollar

1

Rs.51.06

UK Pound

1

Rs.78.48

Euro

1

Rs.64.99

 

 

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.