|
Report Date : |
22.06.2012 |
IDENTIFICATION DETAILS
|
Name : |
SUN GLOBETRADE PTE. LTD. |
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|
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Registered Office : |
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|
|
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Country : |
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|
|
|
|
Financials (as on) : |
31.12.2007 |
|
|
|
|
Date of Incorporation : |
06.02.2003 |
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|
|
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Com. Reg. No.: |
200301050H |
|
|
|
|
Legal Form : |
Private Limited Exempt Company |
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|
|
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Line of Business : |
General wholesale trade (including general importers and exporters) Wholesale of cereals, sugar, oils, sauces and dairy products |
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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 : |
Unknown |
|
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: |
Sun Globetrade Pte. Ltd. |
|
Supplied Name: |
Sunglobe Trade
Pte Ltd. |
|
Supplied
Address: |
111 North Bridge
Road, #27-01/02 Peninsula Plaza, Singapore |
Note:
The exact registered name is as above.
|
Credit Opinion: |
According to the supplied name and address, we couldn’t obtain
the contact methods of subject. And if
you can supply a photocopy of subject's letterhead, a current telephone or fax
number for the company, we shall be pleased to have the investigation resumed.
The registration
files show that subject is engaged in wholesale of
cereals, sugar, oils, sauces and dairy products, since we did not get in
touch with subject, we can not confirm the information.
We found subject’s
registration information as follows for reference.
Note:
The staff number is not available from the subject or other sources.
Subject was
incorporated on
|
Subscription
Amount |
Proportion
of Investment (%) |
|
|
DR. DANESHWAR S/O KAILASH CHARN |
225,000 |
77.58% |
|
MITTAL MANOJ |
55,001 |
18.96% |
|
RACHNA MITTAL |
10,001 |
3.46% |
|
Total |
290,002 |
100% |
Major Shareholder
Information:
|
1 |
|
|
Name: |
DR. DANESHWAR S/O KAILASH CHARN |
|
ID Number: |
A12459971 |
|
Address: |
4 JALAN
MERANTI TANJONG BUNGAH PENANG 112000 |
|
Nationality: |
Malaysian |
|
2 |
|
|
Name: |
MITTAL MANOJ |
|
ID Number: |
S2731869Z |
|
Address: |
179 KEW CRESCENT Singapore 466135 |
|
Nationality: |
Singapore Citizen |
|
3 |
|
|
Name: |
RACHNA MITTAL |
|
ID Number: |
S |
|
Address: |
179 KEW CRESCENT Singapore 466135 |
|
Nationality: |
Singapore Citizen |
Detailed Information
of Management:
|
1 |
|
|
Name: |
MITTAL MANOJ |
|
Position: |
Director |
|
ID Number: |
S2731869Z |
|
Address: |
179 KEW CRESCENT Singapore 466135 |
|
Nationality: |
Singapore Citizen |
|
Date of Appointment: |
|
|
2 |
|
|
Name: |
MITTAL MANOJ |
|
Position: |
Secretary |
|
ID Number: |
S2731869Z |
|
Address: |
179 KEW CRESCENT Singapore 466135 |
|
Nationality: |
Singapore Citizen |
|
Date of Appointment: |
|
|
3 |
|
|
Name: |
RACHNA
MITTAL |
|
Position: |
Director |
|
ID Number: |
S |
|
Address: |
179 KEW CRESCENT Singapore 466135 |
|
Nationality: |
SINGAPORE CITIZEN |
|
Date of Appointment: |
|
Offices
& Factories
|
|
Office |
|
Address: |
179 KEW CRESCENT Singapore 466135 |
We contacted the subject unsuccessfully.
We obtained the
registered activities of the subject as follows for reference.
|
Business Code |
Details |
|
46900 |
General wholesale trade (including general
importers and exporters) |
|
46303 |
Wholesale of cereals, sugar, oils, sauces and
dairy products |
|
|
|
|
|
|
Total Assets |
6,733,570.00 |
11,248,581.00 |
14,315,874.00 |
|
Total Current Assets |
6,688,422.00 |
11,193,579.00 |
14,255,884.00 |
|
Total Non-Current Assets f.k.a. [Fixed And Others] |
45,148.00 |
55,002.00 |
59,990.00 |
|
Total Liabilities |
6,237,446.00 |
10,757,176.00 |
13,911,040.00 |
|
Total Current Liabilities |
6,214,588.00 |
10,725,747.00 |
13,871,039.00 |
|
Total Non-Current Liabilities |
22,858.00 |
31,429.00 |
40,001.00 |
|
Total Equity f.k.a [Shareholder's Funds] |
496,124.00 |
491,405.00 |
404,834.00 |
|
Paid-Up Capital |
290,002.00 |
290,002.00 |
290,002.00 |
|
Share Capital |
- |
- |
- |
|
Other Reserves, Total f.k.a. [Reserves] |
206,122.00 |
201,403.00 |
114,832.00 |
|
Retained Earnings/(Accumulated Loss) |
0.00 |
0.00 |
0.00 |
Unit: SGD
|
|
2007 |
2006 |
2005 |
|
Revenue f.k.a [Sales Turnover And Other Operating Revenues] |
2,749,907.00 |
7,595,258.00 |
17,369,793.00 |
|
Profit/(Loss) before Tax from Continuing Operations f.k.a [Profit/(Loss) before tax] |
5,819.00 |
86,571.00 |
85,793.00 |
|
Profit/(Loss) after Tax from Continuing Operations f.k.a [Profit/(Loss) After Tax] |
4,719.00 |
86,571.00 |
85,793.00 |
|
Net Income/(Loss) From Extraordinary And Non-Operating
Items |
0.00 |
0.00 |
0.00 |
|
Profit/(Loss) After Tax and Extraordinary Items |
4,719.00 |
86,571.00 |
85,793.00 |
Note:
The latest financial figures we can obtain are as above.
Open
Account Bank
The bankers’ information is not available from the
subject or other sources.
|
Name: |
VEERA &
ASSOCIATES |
Charges
|
Charge 1 |
|
|
Charge Number: |
C200400981 |
|
Date of
Registration: |
|
|
Name: |
CITIBANK N.A. |
|
Amount Secured: |
All Monies |
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.56.42 |
|
UK Pound |
1 |
Rs.88.45 |
|
Euro |
1 |
Rs.71.52 |
INFORMATION DETAILS
|
Report Prepared
by : |
MNL |
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.