MIRA
INFORM REPORT
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Report Date : |
28.05.2012 |
IDENTIFICATION DETAILS
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Name : |
HAWK PETROLEUM PTE LTD |
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Registered Office : |
27 |
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Country : |
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Financials (as on) : |
31.12.2003 |
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Date of Incorporation : |
17.07.1993 |
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Com. Reg. No.: |
199304642Z |
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Legal Form : |
Limited Exempt Private Company |
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Line of Business : |
Wholesaler of Petrochemical Products |
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No. of Employees : |
About 5 Employees (estimated) |
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 |
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Risk Category |
ECGC
Classification |
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Insignificant |
A1 |
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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 |
Contact
Points
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Company Name: |
Hawk Petroleum
Pte Ltd |
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Supplied Name: |
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Supplied
Address: |
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Fax Number: |
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Notes: Subject’s exact name and address are as above.
Credit Summary
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Credit Opinion: |
Company Identification Details
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Registered Name: |
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Registered
Address: |
27 Woodlands Industrial Park E1 #02 |
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Date of
Registration:: |
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Registered
Number: |
199304642Z |
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Country of
Incorporation: |
Singapore |
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Registered
Capital: |
SGD 1,000,000
(USD 793,100) (As of 2012.02,
1 SGD = 0.7931 USD) |
|
Paid-up Capital: |
SGD 1,000,000
(USD 793,100) = 1,000,000 Shares@1 SGD |
|
Legal Form: |
Limited Exempt
Private Company |
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Principal
Activities: |
46643--Wholesale
Of Petrochemical Products 71129--Engineering
Activities Nec |
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About 5 Employees (estimated) |
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Status: |
Live Company |
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Listed at Stock
Exchange: |
No |
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Date of Last
Annual Return: |
|
History
Subject was incorporated on
Shareholders
|
Subscription
Amount |
Proportion of
Investment (%) |
|
|
Yogesh Chandra |
500,000 |
|
|
Reva Chandra |
500,000 |
50% |
|
Total |
1,000,000 |
100% |
Major Shareholder
Information:
|
1 |
|
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Name: |
Yogesh Chandra |
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ID Number: |
S2634560Z |
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Address: |
89 Short Street #B1-11 Golden Wall Centre
Singapore 188216 |
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2 |
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Name: |
Reva Chandra |
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ID Number: |
S2634561H |
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Address: |
32 Wallich Street #03-61 Wallich Building
Singapore 078880 |
Subsidiaries & Branches
Management Information
Detailed
Information of Management:
|
1 |
|
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Name: |
Yogesh Chandra |
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Position: |
Director |
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ID Number: |
S2634560Z |
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Address: |
89 Short Street #B1-11 Golden Wall Centre
Singapore 188216 |
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Nationality: |
Singapore Citizen |
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Date of Appointment: |
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2 |
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Name: |
Yogesh Chandra |
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Position: |
Managing Director |
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ID Number: |
S2634560Z |
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Address: |
89 Short Street #B1-11 Golden Wall Centre
Singapore 188216 |
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Nationality: |
Singapore Citizen |
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Date of Appointment: |
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3 |
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Name: |
Reva Chandra |
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Position: |
Director |
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ID Number: |
S2634561H |
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Address: |
32 Wallich Street #03-61 Wallich Building
Singapore 078880 |
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Nationality: |
Singapore Citizen |
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Date of Appointment: |
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4 |
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Name: |
M Sambasivam |
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Position: |
Secretary |
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ID Number: |
S |
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Address: |
204 Marsiling Drive |
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Nationality: |
Singapore Citizen |
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Date of Appointment: |
2007-11-1 |
Personnel
Structure
|
Total Employees |
Operation Information
Offices
& Factories
|
|
Office |
|
Address: |
Production
Information
l
Subject is a trader of chemicals, grains and many
other products without production activities itself.
l
Subject purchases chemicals mainly from China
l
Subject purchases agricultural products mainly from
India.
Sales
Information
l
Subject is engaged in sales of chemicals,
grains and many other products
l
Subject’s products are both sold in domestic and
overseas market and it is introduced that subject transfers chemicals from
China to India and it also sells grains from India to other countries.
Settlements
Purchase
Domestic Markets
|
Products |
Payment Terms |
Proportion |
|
Multiple goods,
etc |
COD, etc |
100% |
Overseas Markets
|
Products |
Payment Terms |
Proportion |
|
Multiple goods,
etc |
CBD, etc |
100% |
Domestic Markets
|
Sales Terms |
Proportion |
|
|
Multiple goods, etc |
CBD, etc |
100% |
Overseas Markets
|
Product |
Sales Terms |
Proportion |
|
Multiple goods, etc |
CBD, etc |
100% |
Balance Sheet
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Total Assets |
887,675.00 |
1,005,931.00 |
0.00 |
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Total Current Assets |
879,766.00 |
990,013.00 |
0.00 |
|
Total Non-Current Assets f.k.a. [Fixed And Others] |
7,909.00 |
15,918.00 |
0.00 |
|
Total Liabilities |
218,485.00 |
278,598.00 |
0.00 |
|
Total Current Liabilities |
218,485.00 |
278,598.00 |
0.00 |
|
Total Non-Current Liabilities |
0.00 |
0.00 |
0.00 |
|
Total Equity f.k.a [Shareholder's Funds] |
669,190.00 (USD 530,735) |
727,333.00 (USD 576,848) |
0.00 |
|
Paid-Up Capital |
1,000,000.00 |
1,000,000.00 |
0.00 |
|
Share Capital |
- |
- |
- |
|
Other Reserves, Total f.k.a. [Reserves] |
0.00 |
0.00 |
0.00 |
|
Retained Earnings/(Accumulated Loss) |
(330,810.00) |
(272,667.00) |
0.00 |
(As of 2012.02, 1 SGD = 0.7931 USD)
Profit/Loss Account
Unit: SGD
|
|
2003 |
2002 |
2001 |
|
Revenue f.k.a [Sales Turnover And Other Operating Revenues] |
3,908,391.00 (USD 3,099,745) |
5,297,212.00 (USD 4,201,219) |
0.00 |
|
Profit/(Loss) before Tax from Continuing Operations f.k.a [Profit/(Loss) before tax] |
(58,143.00) |
(146,824.00) |
0.00 |
|
Profit/(Loss) after Tax from Continuing Operations f.k.a [Profit/(Loss) After Tax] |
(58,143.00) |
(146,824.00) |
0.00 |
|
Net Income/(Loss) From Extraordinary And Non-Operating
Items |
0.00 |
0.00 |
0.00 |
|
Profit/(Loss) After Tax and Extraordinary Items |
(58,143.00) (USD -46,113) |
(146,824.00) (USD -116,446) |
0.00 |
(As of 2012.02, 1 SGD = 0.7931 USD)
Financial Ratio
|
|
2003 |
2002 |
2001 |
|
Earning Capacity |
|
|
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|
Rate of Net Profit on Sales (%) |
(1.49) |
(2.77) |
0.00 |
|
Return of Investment (%) |
(6.55) |
(14.60) |
0.00 |
|
Return of Shareholder's Funds (%) |
(8.69) |
(20.19) |
0.00 |
|
Total Assets Turnover (%) |
4.40 |
5.27 |
0.00 |
|
Financial Stability |
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Current/Working Capital Ratio (%) |
4.03 |
3.55 |
0.00 |
|
Proprietary Ratio (%) |
75.39 |
72.30 |
0.00 |
|
Total Debt to Equity Ratio (%) |
24.61 |
27.70 |
0.00 |
In Singapore, Limited Exempt Private Companies are not obligated to submit their
financial statements to the local registry. We did not find the latest
financials of subject from the local registry, the subject also declined to
disclose such information due to the confidentiality reason.
The information above is what we can obtain from all of source available
sources.
Bankers
Bank Charges
|
Charge 1 |
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Charge Number: |
200003242 |
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Date of
Registration: |
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Name: |
Natexis Banque |
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Amount Secured: |
All Monies |
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Charge 2 |
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Charge Number: |
200004570 |
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Date of
Registration: |
|
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Name: |
BNP Paribas |
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Amount Secured: |
All Monies |
Interview Details
|
Name: |
Sherry |
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 |
|
|
>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 |
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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.