|
Report Date : |
24.07.2012 |
IDENTIFICATION DETAILS
|
Name : |
MARVIS COTTON PTE. LTD |
|
|
|
|
Registered Office : |
10 Jalan Besar #10-12 Sim Lim Tower |
|
|
|
|
Country : |
|
|
|
|
|
Date of Incorporation : |
14.03.2006 |
|
|
|
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Com. Reg. No.: |
200603594Z |
|
|
|
|
Legal Form : |
Private Limited Exempt Company |
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|
|
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Line of Business : |
Process and trade of cotton. |
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|
|
|
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 |
|
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 – March 31st, 2012
|
Country Name |
Previous Rating (31.12.2011) |
Current Rating (31.03.2012) |
|
Singapore |
A1 |
A1 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
|
Moderate |
B1 |
|
High |
B2 |
|
Very High |
C1 |
|
Restricted |
C2 |
|
Off-credit |
D |
|
Company Name: |
Marvis Cotton
Pte. Ltd |
|
Supplied Name: |
|
|
141, Market Street # 08-03, International Factor Bldg., Singapore
048944 |
|
|
Supplied
Address: |
|
|
Fax Number: |
|
Note:
The supplied
address is the former address of subject, and the current address of subject is
as above.
|
Credit Opinion: |
|
Registered Name: |
|
|
Registered
Address: |
|
|
Date of
Registration:: |
|
|
Registered
Number: |
200603594Z |
|
Country of
Incorporation: |
Singapore |
|
Registered
Capital: |
SGD 4,000,000.00
(USD 3,185,470) (As of 2012.7, 1
SGD = 0.79637 USD) |
|
Paid-up Capital: |
SGD 4,000,000.00
(USD 3,185,470)= 4,000,000 Shares@1 SGD |
|
Legal Form: |
Private Limited
Exempt Company |
|
Principal
Activities: |
Process and
trade of cotton. |
|
N/A |
|
|
Status: |
Live Company |
|
Listed at Stock
Exchange: |
No. |
|
Date of Last
Annual Return: |
|
Subject declined to
disclose the staff number, and from other sources, we couldn’t obtain the
information, either.
Subject was incorporated on
|
Subscription
Amount |
Proportion of
Investment (%) |
|
|
KASIM SIRAJUDEEN |
4,000,000 |
100% |
|
Total |
4,000,000 |
100% |
Major Shareholder
Information:
|
1 |
|
|
Name: |
KASIM SIRAJUDEEN |
|
ID Number: |
F1416117K |
|
Address: |
141 Market Street #08-03 International Factors
Building Singapore 048944 |
|
Nationality: |
Indian |
Offices
|
1 |
|
|
Name: |
India |
|
Address: |
1B New Natham Road, Madurai 625002, Tamilnadu |
|
Telephone Number: |
+91 452 4360906, 2525040 |
|
Fax Number: |
+91 452 4360900 |
|
2 |
|
|
Name: |
Tajikistan |
|
Address: |
Street Karamova 3, Dushanbe – 734017, Tajikistan. |
|
3 |
|
|
Name: |
Gabon |
|
Address: |
BP 18326, Libreveille, Republic of Gabon |
|
4 |
|
|
Name: |
Shanghai |
|
Address: |
No.13-E, Liang Feng Mansion, No.8, Dong Fang
Road, Pudong New Area, Shanghai 200120. China |
|
5 |
|
|
Name: |
Beijing |
|
Address: |
Unit-931, Tower-1, No.6, Xuanwemenwai Street,
Beijing, People's Republic of China |
Detailed
Information of Management:
|
1 |
|
|
Name: |
KASIM SIRAJUDEEN |
|
Position: |
Director |
|
ID Number: |
F1416117K |
|
Address: |
141 Market Street #08-03 International Factors
Building Singapore 048944 |
|
Nationality: |
Indian |
|
Date of Appointment: |
|
|
2 |
|
|
Name: |
RAMAKRISNA S/O RAMEYA |
|
Position: |
Director/ Secretary |
|
ID Number: |
S0587330D |
|
Address: |
6 TELOK BLANGAH CRESCENT #14-430 Singapore 090006 |
|
Nationality: |
Singapore Citizen |
|
Date of Appointment: |
|
Offices
& Factories
|
|
Office |
|
Address: |
141, Market
Street # 08-03, International Factor Bldg., Singapore 048944 |
Production
Information
l
Subject is a processor of cotton products and the
related products with the production activities
Purchase
l
The components and raw material for production are
mostly purchased from abroad.
Sales
Information
l
Subject is mainly engaged in processing and trading
of raw cotton, cotton products and the related products.
l
Subject introduced that it imports the raw cotton
from many countries, such as Benin, Togo, Mali, Burkina Faso, West Africa’s
Ivory Coast and Gabon, India, Brazil, Egypt, as well as the USA.
l
Subject introduced that it also supplies oil
products and timber products services.
l
Subject’s selling territory covers Asia Pacific
Countries; China, Indo Chinese countries; Vietnam, Asia; Thailand, Taiwan and Indian
Sub Continent countries; India and Bangladesh.
Subject declined
to disclose the settlements information, and from other sources, we couldn’t
obtain the information, either.
In Singapore,
Limited Exempt Private Companies are not obligated to submit their financial
statements to the local registry. The subject also declined to disclose such
information due to the confidentiality reason.
The financial
information is not available from the subject or other sources.
Open
Account Bank
|
1 |
|
|
Name: |
M/S VTB Bank
Europe Plc (erstwhile Moscow Narodny Bank Ltd) |
|
Address: |
Singapore |
|
2 |
|
|
Name: |
M/S HSBC |
|
Address: |
Singapore |
Subject just disclose
the name of banks, but declined to disclose more details information about
them.
|
Name: |
MGI N RAJAN
ASSOCIATES |
Charges
|
Charge 1 |
|
|
Charge Number: |
C200607366 |
|
Date of
Registration: |
|
|
Name: |
VTB BANK EUROPE
PLC SINGAPORE BRANCH |
|
Amount Secured: |
All Monies |
|
Name: |
Mr. Sye |
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.55.76 |
|
|
1 |
Rs.86.79 |
|
Euro |
1 |
Rs.67.43 |
INFORMATION DETAILS
|
Report Prepared
by : |
PRL |
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%)
This report is issued at your request without any risk
and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL) or its
officials.