MIRA INFORM REPORT

 

 

Report Date :

23.05.2012

 

IDENTIFICATION DETAILS

 

Name :

SARIYA MERCANTILE PTE. LTD.

 

 

Registered Office :

101 Cecil Street #24-10 Tong Eng Building Singapore 069533

 

 

Country :

Singapore

 

 

Date of Incorporation :

01.02.2012

 

 

Com. Reg. No.:

201202417K

 

 

Legal Form :

Limited Exempt Private Company

 

 

Line of Business :

General Wholesale Trade (Including General Importers And Exporters)

 

 

No. of Employees :

Not Available

 

RATING & COMMENTS

 

MIRA’s Rating :

NB

 

RATING

STATUS

PROPOSED CREDIT LINE

----

NB

New Business

----

 

Status :

New concern

 

 

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

 

 

Contact Points

 

Company Name:

Sariya Mercantile Pte. Ltd.

Supplied Name:

Sariya Mercantile Pte Ltd.

Supplied Address:

101, Cecil Street 24-10, Tong Eng Building Singapore 069533

Notes: Subject’s exact name is as above.

 

 

Credit Summary

 

Credit Opinion:

Subject is newly set up, and we failed to get in touch with subject; in view of the absence of information about subject’s operation, caution should be exercised.

 

 

Special Notes

 

We did not find any operation information or contact information of subject from public files according to the supplied name, we tried to contact HPL Consulting Pte Ltd. based on the supplied address through +65-67574960, but the number is not available all the while.

No other valid contact of subject was found.

Subject’s registration files show subject’s principal activities as follows, but we can not confirm the details.

46900--General Wholesale Trade (Including General Importers And Exporters)

Up to the date of reporting, we failed to get in touch with subject, if you kindly supply contact information, we’d like to continue our investigation.

We found subject’s registration information from local registry, supplying as follows for reference.

 

 

Company Identification Details

 

Registered Name:

Sariya Mercantile Pte. Ltd.

Registered Address:

101 Cecil Street #24-10 Tong Eng Building Singapore 069533

Date of Registration::

2012-2-1

Registered Number:

201202417K

Country of Incorporation:

Singapore

Registered Capital:

SGD 10 (USD 8)

(As of 2012.05, 1 SGD = 0.7888 USD)

Paid-up Capital:

SGD 10 (USD 8) = 10 Shares@1 SGD

Legal Form:

Limited Exempt Private Company

Principal Activities:

46900--General Wholesale Trade (Including General Importers And Exporters)

Staff:

N/A

Status:

Live Company

Listed at Stock Exchange:

No

Date of Last Annual Return:

--

Notes: The staff number is not available from subject or other sources.

 

 

History

 

Subject was incorporated on 2012-2-1 with registered number 201202417K as Limited Exempt Private Company in Singapore.

 

 

Shareholders

Unit: SGD

Name

Subscription Amount

Proportion of Investment (%)

Iyappan Sree Chidambaram

4

40%

Iyappan Hari Padmanabhan

4

40%

Venkataraman Srinivasan

2

20%

Total

10

100%

 

Major Shareholder Information:

1

Name:

Iyappan Sree Chidambaram

ID Number:

G0833819

Address:

36/2, Shri Padmam, Kamaraj Salai, Muniasamypuram, Thoothukudi 628003, Tamil Nadu, India

2

Name:

Iyappan Hari Padmanabhan

ID Number:

J0153359

Address:

36/2, Shri Padmam,Kamaraj Salai,Muniasamypuram, Thoothukudi 628003,Thoothukudi Dist, Tamil Nadu, India

3

Name:

Venkataraman Srinivasan

ID Number:

S2657447A

Address:

131 Tampines Street 11 #02-252 Tampines Court Singapore 521131

 

 

Subsidiaries & Branches

 

We can not confirm whether subject has any subsidiaries or branches.

 

 

Management Information

 

Core Management

Detailed Information of Management:

1

Name:

Iyappan Sree Chidambaram

Position:

Director

ID Number:

G0833819

Address:

36/2, Shri Padmam, Kamaraj Salai, Muniasamypuram, Thoothukudi 628003, Tamil Nadu, India

Nationality:

Indian

Date of Appointment:

2012-2-3

2

Name:

Iyappan Hari Padmanabhan

Position:

Director

ID Number:

J0153359

Address:

36/2, Shri Padmam,Kamaraj Salai,Muniasamypuram, Thoothukudi 628003,Thoothukudi Dist,Tamil Nadu, India

Nationality:

Indian

Date of Appointment:

2012-2-3

3

Name:

Venkataraman Srinivasan

Position:

Director

ID Number:

S2657447A

Address:

131 Tampines Street 11 #02-252 Tampines Court Singapore 521131

Nationality:

Singapore Citizen

Date of Appointment:

2012-2-1

 

 

Operation Information

 

Since we did not get in touch with subject, we can not confirm subject’s operation details.

 

 

Settlements

 

The settlement information is not available from subject or other sources.

 

 

Financial Information

 

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, and we can not find the relevant information from other sources, either.

 

 

Bankers

 

Bank information is not available from subject or other sources.

FOREIGN EXCHANGE RATES

 

Currency
Unit

Indian Rupees

US Dollar

1

Rs.54.88

UK Pound

1

Rs.86.84

Euro

1

Rs.70.21

 

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%)

PRIVATE & CONFIDENTIAL : This information is provided to you at your request, you having employed MIPL for such purpose. You will use the information as aid only in determining the propriety of giving credit and generally as an aid to your business and for no other purpose. You will hold the information in strict confidence, and shall not reveal it or make it known to the subject persons, firms or corporations or to any other. MIPL does not warrant the correctness of the information as you hold it free of any liability whatsoever. You will be liable to and indemnify MIPL for any loss, damage or expense, occasioned by your breach or non observance of any one, or more of these conditions

This report is issued at your request without any risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL) or its officials.