MIRA INFORM REPORT
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Report Date : |
27.07.2012 |
IDENTIFICATION DETAILS
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Name : |
TARSAN INTERNATIONAL PTE. LTD. |
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Registered Office : |
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Country : |
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Financials (as on) : |
31.03.2007 |
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Date of Incorporation : |
06.06.2006 |
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Com. Reg. No.: |
200608177K |
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Legal Form : |
Limited Exempt Private Company |
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Line of Business : |
General Wholesale Trade |
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No. of Employees
: |
05-10 |
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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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 – March 31st, 2012
|
Country Name |
Previous Rating (31.12.2011) |
Current Rating (31.03.2012) |
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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: |
Tarsan International Pte. Ltd. |
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Supplied Name: |
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Supplied
Address: |
54 Genting Lane Blk II # 06-01 CS Ruby Land Complex, Singapore |
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Fax Number: |
Notes: Subject’s exact name and address are as
above.
Credit
Summary
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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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Date of Registration:: |
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Registered Number: |
200608177K |
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Country of Incorporation: |
Singapore |
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Registered Capital: |
SGD 100,000 (USD 80,110) (As of 2012.02, 1 SGD = 0.8011 USD) |
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Paid-up Capital: |
SGD 100,000 (USD 80,110) = 100,000
Shares@1 SGD |
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Legal Form: |
Limited Exempt Private Company |
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Principal Activities: |
46900--General Wholesale Trade (Including
General Importers And Exporters) 46100--Wholesale On A Fee Or Contract
Basis (Eg Commission Agents) |
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Status: |
Live Company |
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Listed at Stock Exchange: |
No |
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Date of Last Annual Return: |
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Notes: Subject’s exact registered number is as
above.
History
Subject was
incorporated on
Shareholders
|
Subscription Amount |
Proportion of Investment (%) |
|
|
Vangoor Govindarajan Balachander |
100,000 |
100% |
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Total |
100,000 |
100% |
Major Shareholder
Information:
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Name: |
Vangoor
Govindarajan Balachander |
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ID Number: |
S6879076Z |
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Address: |
317B Anchorvale Road
#16-242 Singapore 542317 |
Subsidiaries &
Branches
Subject did not
introduce whether it has any subsidiaries or branches, from other source we can
not obtain the relevant information, either.
Management
Information
Detailed Information
of Management:
|
Name: |
Vangoor
Govindarajan Balachander |
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Position: |
Director |
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ID Number: |
S6879076Z |
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Address: |
317B Anchorvale
Road #16-242 Singapore 542317 |
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Nationality: |
Singapore
Citizen |
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Date of
Appointment: |
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2 |
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Name: |
Emlynn Chong
Chwee Lian |
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Position: |
Secretary |
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ID Number: |
S1442119Z |
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Address: |
124B Bukit Merah
View #06-402 |
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Nationality: |
Singapore
Citizen |
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Date of
Appointment: |
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Personnel
Structure
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Total Employees |
Operation
Information
Offices
& Factories
|
|
Office |
|
Address: |
Production
Information
l
Subject is a trader of metal scraps without any production
activities itself.
Purchase
Information
l
Subject purchases metal scraps and other industrial
materials all over the world.
Sales
Information
l
Subject is engaged in sales of Raw materials,
Scrap, Steel , Metal, Ferrous, Non-ferrous, HMS, Secondary steel, Alloy steel,
Stainless steel, etc
l
Subject’s products are both sold in domestic and
overseas market.
Settlements
Purchase
Domestic Markets
|
Products |
Payment Terms |
Proportion |
|
Metal scraps,
etc |
COD, etc |
100% |
Overseas Markets
|
Products |
Payment Terms |
Proportion |
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Metal scraps,
etc |
CBD, etc |
100% |
Domestic Markets
|
Sales Terms |
Proportion |
|
|
Metal scraps,
etc |
COD, CBD, etc |
100% |
Overseas Markets
|
Product |
Sales Terms |
Proportion |
|
Metal scraps,
etc |
CBD, etc |
100% |
Balance
Sheet
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Total Assets |
844,119.00 |
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Total Current Assets |
842,252.00 |
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Total Non-Current Assets f.k.a. [Fixed And Others] |
1,867.00 |
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Total Liabilities |
748,531.00 |
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Total Current Liabilities |
748,531.00 |
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Total Non-Current Liabilities |
0.00 |
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Total Equity f.k.a [Shareholder's Funds] |
95,588.00 |
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Paid-Up Capital |
31,810.00 |
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Share Capital |
- |
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Other Reserves, Total f.k.a. [Reserves] |
63,778.00 |
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Retained Earnings/(Accumulated Loss) |
0.00 |
Profit/Loss
Account
Unit: USD
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|
~ |
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Revenue f.k.a [Sales Turnover And Other Operating Revenues] |
4,706,551.00 |
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Profit/(Loss) before Tax from Continuing Operations f.k.a [Profit/(Loss) before tax] |
63,778.00 |
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Profit/(Loss) after Tax from Continuing Operations f.k.a [Profit/(Loss) After Tax] |
63,778.00 |
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Net Income/(Loss) From Extraordinary And Non-Operating
Items |
0.00 |
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Profit/(Loss) After Tax and Extraordinary Items |
63,778.00 |
Financial
Ratio
|
|
~ |
|
Earning Capacity |
|
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Rate of Net Profit on Sales (%) |
1.36 |
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Return of Investment (%) |
7.56 |
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Return of Shareholder's Funds (%) |
66.72 |
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Total Assets Turnover (%) |
5.58 |
|
Financial Stability |
|
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Current/Working Capital Ratio (%) |
1.13 |
|
Proprietary Ratio (%) |
11.32 |
|
Total Debt to Equity Ratio (%) |
88.68 |
In Singapore, Limited Exempt Private Companies are not obligated to submit
their financial statements to the local registry. We did not find the latest
financials of subject from the local registry, the subject also declined to
disclose such information due to the confidentiality reason.
Bankers
Subject declined to disclose its bank details, from other source we can not
obtain the relevant information, either.
Auditors
|
Name: |
K.S. NG &
CO |
Interview
Details
|
Position: |
Operator |
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.55.95 |
|
UK Pound |
1 |
Rs.86.56 |
|
Euro |
1 |
Rs.67.95 |
INFORMATION DETAILS
|
Report Prepared
by : |
MNL |
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 |
|
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 |
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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.