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Report Date : |
21.03.2012 |
IDENTIFICATION DETAILS
|
Name : |
TERN GLOBAL PTE. LTD. |
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Registered Office : |
28 Maxwell Road #03-05 Reddot Traffic Singapore 069120 |
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Country : |
Singapore |
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Date of Incorporation : |
14.07.2011 |
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Com. Reg. No.: |
201116826K |
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Legal Form : |
Private Limited Exempt Company |
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Line of Business : |
Wholesale of food and beverages |
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No. of Employees : |
Not Available |
RATING & COMMENTS
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MIRA’s Rating : |
NB |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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|
-- |
NB |
New Business |
-- |
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Status : |
New Company |
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Payment Behaviour : |
Unknown |
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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 – September 30, 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 |
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Off-credit |
D |
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Company Name: |
Tern Global Pte.
Ltd. |
|
Supplied Name: |
Tern Global Pte
Ltd |
|
Supplied
Address: |
28 Maxwell Road
# 03-05 Red Dot Traffic, Singapore 207704 |
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 food and beverages, 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.
The staff number
is not available from the subject or other sources.
Subject was incorporated on
|
Date |
Change |
|
|
Haryana Trading
Company Pte. Ltd. |
|
|
Tern Global Pte.
Ltd. |
|
Subscription
Amount |
Proportion of
Investment (%) |
|
|
SUNNY MITTAL |
70,000 |
|
|
Total |
70,000 |
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Major Shareholder
Information:
|
1 |
|
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Name: |
SUNNY MITTAL |
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ID Number: |
Z2231499 |
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Address: |
Mittal Bhawan, Opp- Bus Stand Kaithal - 136027
Haryana, India |
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Nationality: |
INDIAN |
Subject did not register any subsidiaries or branches, from other source we
can not obtain the relevant information, either.
Detailed
Information of Management:
|
1 |
|
|
Name: |
GEORGE MATHEW |
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Position: |
Director |
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ID Number: |
S8581349H |
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Address: |
6 Marina Boulevard #20-18 Sail @ Marina Bay, The
Singapore 018985 |
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Nationality: |
Singapore P.R. |
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Date of Appointment: |
|
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2 |
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Name: |
GEORGE MATHEW |
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Position: |
Secretary |
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ID Number: |
S8581349H |
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Address: |
6 Marina Boulevard #20-18 Sail @ Marina Bay, The
Singapore 018985 |
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Nationality: |
Singapore P.R. |
|
Date of Appointment: |
|
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3 |
|
|
Name: |
SUNNY MITTAL |
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Position: |
Director |
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ID Number: |
Z2231499 |
|
Address: |
Mittal Bhawan, Opp- Bus Stand Kaithal -136027
Haryana, India |
|
Nationality: |
Indian |
|
Date of Appointment: |
|
Offices
& Factories
|
|
Office |
|
Address: |
28 Maxwell Road #03-05 Reddot Traffic Singapore
069120 |
Operation
Information
We contacted the subject unsuccessfully.
We obtained the registered activities of the subject as follows for
reference.
|
Business Code |
Details |
|
46309 |
Wholesale of food and beverages. |
|
46900 |
General wholesale trade (including general
importers and exporters). |
The bankers’ information is not available from the subject or other
sources.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.50.25 |
|
|
1 |
Rs.79.76 |
|
Euro |
1 |
Rs.66.52 |
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.