MIRA INFORM REPORT
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Report Date : |
28.05.2012 |
IDENTIFICATION DETAILS
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Name : |
CENTURY STEEL PTE. LTD. |
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Registered Office : |
6 Eu Tong Sen Street #11-14 The Central Singapore 059817 |
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Country : |
Singapore |
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Date of Incorporation : |
23.01.2008 |
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Com. Reg. No.: |
200801779M |
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Legal Form : |
Private Limited Exempt Company |
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Line of Business : |
Distribution of stainless steel
flat products. |
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No. of Employees
: |
Not Available |
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) |
|
Singapore |
a1 |
a1 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
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 |
Note:
The exact address is as above.
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Credit Opinion: |
Note:
Subject declined to disclose the staff number, and from other sources, we couldn’t obtain the information, either.
Subject was incorporated on
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Subscription Amount |
Proportion of Investment (%) |
|
|
RAJKUMAR P
JAISING |
300,000 |
30% |
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SURAJKUMAR
RAJKUMAR JAISING |
400,000 |
40% |
|
AMRITA JAISING |
300,000 |
30% |
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Total |
1,000,000 |
100% |
Major Shareholder
Information:
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1 |
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Name: |
RAJKUMAR P
JAISING |
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ID Number: |
S |
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Address: |
158 Haig Road
#09-05 Haig Court Singapore 438794 |
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Nationality: |
Singapore P.R. |
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2 |
|
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Name: |
SURAJKUMAR
RAJKUMAR JAISING |
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ID Number: |
S |
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Address: |
3 Siglap Road
#07-25 Mandarin Gardens Singapore 448907 |
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Nationality: |
Singapore
Citizen |
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3 |
|
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Name: |
AMRITA JAISING |
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ID Number: |
S |
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Address: |
3 Siglap Road
#07-25 Mandarin Gardens Singapore 448907 |
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Nationality: |
Singapore
Citizen |
Detailed
Information of Management:
|
1 |
|
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Name: |
RAJKUMAR P
JAISING |
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Position: |
Director |
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ID Number: |
S |
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Address: |
158 Haig Road
#09-05 Haig Court Singapore 438794 |
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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: |
SURAJKUMAR
RAJKUMAR JAISING |
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Position: |
Director |
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ID Number: |
S |
|
Address: |
3 Siglap Road
#07-25 Mandarin Gardens Singapore 448907 |
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Nationality: |
Singapore
Citizen |
|
Date of
Appointment: |
|
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3 |
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Name: |
AMRITA JAISING |
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Position: |
Director |
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ID Number: |
S |
|
Address: |
3 Siglap Road
#07-25 Mandarin Gardens Singapore 448907 |
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Nationality: |
Singapore
Citizen |
|
Date of
Appointment: |
|
Offices
& Factories
|
|
Office |
|
Address: |
6 Eu Tong Sen
Street #11-14 The Central Singapore 059817 |
Production
Information
l
Subject is a distributor of stainless steel flat
products without any production activities
Purchase
l
The productions are purchased from both local and
abroad.
Sales
Information
l
Subject is mainly engaged in distributing of
stainless steel flat products
l
Subject is a stockist, distributor of stainless
steel flat products.
l
Subject introduced that its products include
stainless steel sheets, stainless steel coils, stainless steel plates,
stainless steel pipes, galvanized and electrical steel coils sheets
l
Subject introduced that it is also involved in
recycling of stainless steels, trading in recyclable byproducts.
l
Subject’s selling territory covers South East Asia
and the India subcontinent and so on.
Subject declined the settlements information, and from other sources, we
couldn’t obtain the information, either.
In Singapore, Limited Exempt Private
Companies are not obligated to submit their financial statements to the local
registry. The subject also declined to disclose such information due to the
confidentiality reason.
The bankers’ information is not available from the
subject or other sources.
|
Name: |
NATARAJAN &
SWAMINATHAN |
Charges
|
Charge 1 |
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Charge Number: |
C200804896 |
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Date of
Registration: |
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Name: |
DBS Bank Ltd. |
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Amount Secured: |
All Monies |
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Charge 2 |
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Charge Number: |
C200804901 |
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Date of
Registration: |
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Name: |
DBS Bank Ltd. |
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Amount Secured: |
All Monies |
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Charge 3 |
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Charge Number: |
C200807924 |
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Date of
Registration: |
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Name: |
Oversea-Chinese
Banking Corporation Limited |
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Amount Secured: |
All Monies |
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Charge 4 |
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Charge Number: |
C201007255 |
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Date of
Registration: |
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Name: |
Oversea-Chinese
Banking Corporation Limited |
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Amount Secured: |
All Monies |
|
Name: |
Mr. Su |
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.55.73 |
|
UK Pound |
1 |
Rs.87.26 |
|
Euro |
1 |
Rs.69.89 |
INFORMATION DETAILS
|
Report Prepared
by : |
MNL |
RATING EXPLANATIONS
|
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 |
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26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
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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.