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Report Date : |
22.06.2012 |
IDENTIFICATION DETAILS
|
Name : |
INDO SINO TRADE PTE. LTD. |
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|
|
|
Registered Office : |
101 Cecil Street, #15-11, Tong Eng Building Singapore 069533 |
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Country : |
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|
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Date of Incorporation : |
25.08.2003 |
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Com. Reg. No.: |
200308203C |
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|
|
|
Legal Form : |
Limited Exempt Private Company |
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|
|
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Line of Business : |
Trading, Investments and Services |
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|
|
|
No. of Employees : |
About 10 Employees |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Status : |
Satisfactory |
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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) |
|
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: |
Indo Sino Trade Pte.
Ltd. |
|
Supplied Name: |
|
|
101 Cecil Street, #15-11, Tong Eng Building Singapore 069533 |
|
|
Supplied
Address: |
|
|
Fax Number: |
|
|
Credit Opinion: |
|
Registered Name: |
|
|
Registered
Address: |
101 Cecil Street, #15-11, Tong Eng Building Singapore 069533 |
|
Date of
Registration:: |
2003-8-25 |
|
Registered
Number: |
|
|
Country of
Incorporation: |
Singapore |
|
Registered
Capital: |
SGD 3,040,480.00
(USD 2,398,634.67) (As of 2012.06,
1 SGD = 0.7889 USD) |
|
Paid-up Capital: |
SGD 3,040,480.00
(USD 2,398,634.67) = 3,040,480 Shares@1 SGD |
|
Legal Form: |
Limited Exempt
Private Company |
|
Principal
Activities: |
82999 Trading,
Investments and Services |
|
Status: |
Live Company |
|
Listed at Stock
Exchange: |
No |
|
Date of Last
Annual Return: |
2012-2-26 |
Subject was incorporated on 2003-8-25 with registered number
|
Subscription Amount |
Proportion of Investment (%) |
|
|
LALIT RAJENDRA
JAIN |
3,040,480 |
100% |
|
Total |
3,040,480 |
100% |
Major Shareholder
Information:
|
Name: |
LALIT RAJENDRA
JAIN |
|
ID Number: |
S8063499D |
|
Address: |
29 Amber Road
#05-01 Sea View, the Singapore 439942 |
|
Nationality: |
Singapore P.R. |
Detailed
Information of Management:
|
1 |
|
|
Name: |
LALIT RAJENDRA
JAIN |
|
Position: |
Managing
Director |
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ID Number: |
S8063499D |
|
Address: |
29 Amber Road,
#05-01, Sea View, the Singapore 439942 |
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Nationality: |
Singapore P.R. |
|
Date of
Appointment: |
2003-8-25 |
|
2 |
|
|
Name: |
LALIT RAJENDRA
JAIN |
|
Position: |
Director |
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ID Number: |
S8063499D |
|
Address: |
29 Amber Road, #05-01,
SEA VIEW, the Singapore 439942 |
|
Nationality: |
Singapore P.R. |
|
Date of
Appointment: |
2003-8-25 |
|
3 |
|
|
Name: |
KATARIA NEETU |
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Position: |
Secretary |
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ID Number: |
G6430360R |
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Address: |
52 Bayshore Road,
#03-01, Bayshore Park Singapore 469978 |
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Nationality: |
Indian |
|
Date of
Appointment: |
2012-1-11 |
Personnel
Structure
|
Total Employees |
Offices
& Factories
|
|
Office |
|
Address: |
101 Cecil Street, #15-11, Tong Eng Building Singapore 069533 |
Production
Information
l
Subject is a trader of
grain and field beans, etc and it does not have production activities by
itself.
Purchase
Information
l
It is introduced that subject
purchase products from Bangladesh and India, etc.
Sales
Information
l
Subject is engaged in sales of grain and field beans, etc
l
Subject’s major products are as followed for
reference:
|
1 |
Agro Commodities |
|
2 |
Yellow Maize |
|
3 |
Beans |
|
4 |
Split Beans |
|
5 |
Rice |
l
It is introduced that subject import products from Bangladesh and India, etc.
l
Subject’s main sales regions include Southeast Asia
and Mid East, etc.
Purchase
Domestic Markets
Subject has little domestic purchase.
Overseas Markets
|
Products |
Payment Terms |
Proportion |
|
Grain and field beans, etc |
CBD, etc |
100% |
Domestic Markets
|
Sales Terms |
Proportion |
|
|
Grain and field beans, etc |
COD, CBD, etc |
100% |
Overseas Markets
|
Product |
Sales Terms |
Proportion |
|
Grain and field beans, etc |
CBD, etc |
100% |
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,
the subject also declined to disclose such information due to the
confidentiality reason.
Charges
|
Charge 1 |
|
|
Charge Number: |
C200604935 |
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Date of
Registration: |
2006-7-27 |
|
Name: |
Australia and
New Zealand Banking Group Limited |
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Amount Secured: |
All Monies |
|
Charge 2 |
|
|
Charge Number: |
C200800522 |
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Date of
Registration: |
2008-1-14 |
|
Name: |
Malayan Banking
Berhad |
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Amount Secured: |
All Monies |
|
Charge 3 |
|
|
Charge Number: |
C200906576 |
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Date of
Registration: |
2009-10-15 |
|
Name: |
Indian Overseas
Bank |
|
Amount Secured: |
All Monies |
|
Charge 4 |
|
|
Charge Number: |
C200907519 |
|
Date of
Registration: |
2009-11-18 |
|
Name: |
BNP Paribas |
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Amount Secured: |
All Monies |
|
Charge 5 |
|
|
Charge Number: |
C200908185 |
|
Date of
Registration: |
2009-12-11 |
|
Name: |
United Overseas
Bank Limited |
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Amount Secured: |
All Monies |
|
Charge 6 |
|
|
Charge Number: |
C201004197 |
|
Date of
Registration: |
2010-5-20 |
|
Name: |
United Overseas
Bank Limited |
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Amount Secured: |
All Monies |
|
Charge 7 |
|
|
Charge Number: |
C201005968 |
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Date of
Registration: |
2010-7-14 |
|
Name: |
United Overseas
Bank Limited |
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Amount Secured: |
All Monies |
|
Charge 8 |
|
|
Charge Number: |
C201005970 |
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Date of
Registration: |
2010-7-14 |
|
Name: |
United Overseas
Bank Limited |
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Amount Secured: |
All Monies |
|
Charge 9 |
|
|
Charge Number: |
C201100951 |
|
Date of
Registration: |
2011-1-20 |
|
Name: |
Indian Overseas
Bank |
|
Amount Secured: |
All Monies |
|
Name: |
S. Renganathan
& Co. |
|
Name: |
Ms, Milly |
|
Department: |
Sales Department |
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.56.42 |
|
|
1 |
Rs.88.45 |
|
Euro |
1 |
Rs.71.52 |
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.