MIRA INFORM REPORT

 

 

Report Date :

29.05.2012

 

IDENTIFICATION DETAILS

 

Name :

ANUCHEM PTE. LTD.

 

 

Registered Office :

10 Jalan Besar #10-12 Sim Lim Tower Singapore 208787

 

 

Country :

Singapore

 

 

Financials (as on) :

31.12.2010

 

 

Date of Incorporation :

12.10.2007

 

 

Com. Reg. No.:

200719049W

 

 

Legal Form :

Limited Private Company

 

 

Line of Business :

General Wholesale Trade (Including General Importers and Exporters)

 

 

No. of Employees :

Not Available

 

RATING & COMMENTS

 

MIRA’s Rating :

C

 

RATING

STATUS

PROPOSED CREDIT LINE

<10

C

Absolute credit risk exists. Caution needed to be exercised

Credit not recommended

 

Status :

Poor

 

 

Payment Behaviour :

Unknown

 

 

Litigation :

---

 

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:

Registered Number:

ANUCHEM PTE. LTD.

200719049W

 

Date Incorporated:

Registered Office:

Telephone Number:

12/10/2007

10 JALAN BESAR #10-12 SIM LIM TOWER SINGAPORE 208787

NA

Age of Company:

Website:

Industry Type:

5

NA

COMMERCE-WHOLESALE

 

Credit Assessment

 

 

Risk Dashboard

Risk & Rating

Days Beyond Terms

Trend:

No. of Litigation Counts:

Recommended Credit Line:

Company DTC:

NA

No Recommendation

NA

 

The entity is paying current to the creditors

No. of Charges(s):
0

 

Industry DTC

 

25

 

Directors

 

Corporate Structure

Number of Current Directors

5

Holding Company:

SADHANA NITRO CHEM LIMITED

Number that are shareholders

1

No. of Subsidiaries & Associated Companies:

NA

 

EXECUTIVE SUMMARY

 

Company Name

:

ANUCHEM PTE. LTD.

Registration No

:

200719049W

Date of Registration

:

12/10/2007

Former Name

:

NA

Date of Change of Name

:

NA

Type of Company

:

LIMITED PRIVATE COMPANY

Registered Address

:

10 JALAN BESAR #10-12 SIM LIM TOWER SINGAPORE 208787

Date of Change of Address

:

12/10/2007

Contact No.

:

NA

Fax No.

:

NA

Website

:

NA

Registered Activities

:

GENERAL WHOLESALE TRADE (INCLUDING GENERAL IMPORTERS AND EXPORTERS)

Issued Ordinary Capital*

:

$25,000.00 SINGAPORE, DOLLARS, NO. OF SHARE : 25,000

Issued Preference Capital

:

NA

Paid-Up Ordinary Capital

:

$25,000.00 SINGAPORE, DOLLARS

Paid-Up Preference Capital

:

NA

* Number of Shares includes number of Issued Treasury Shares

Issued Treasury Capital

:

NA

Paid-Up Treasury Capital

:

NA

No. of Local Subsidiaries

:

NA

No. of Local Associates

:

NA

Auditor

:

MGI N RAJAN ASSOCIATES

Bankers / Financiers

:

NA

Turnover

:

SINGAPORE, DOLLARS 0.00 (FY2010)

Net Worth

:

SINGAPORE, DOLLARS (5,163.00) (FY2010)

No. of Bank Charges

:

NA

No. of Litigation Suits

:

NA

S1000 / SME 1000 / FG50 Ranking

:

No found for SINGAPORE 1000 and SME 1000

Compounded Annual Growth Rate (CAGR)

:

NA

 

 

SHAREHOLDER DETAILS

 

NAME

:

SADHANA NITRO CHEM LIMITED

SHAREHOLDER ID

:

T07UF3370H

NATIONALITY

:

INDIA

ADDRESS

:

207 KAKAD CHAMBERS, SECOND FLOOR 132 DR ANNIIE BESANT ROAD, WORLI, MUMBAI 400018, INDIA

NO. OF ORD SHARES

:

25,000

% OF SHAREHOLDING

:

100%

CURRENCY

:

SINGAPORE, DOLLARS

 

 

OFFICER DETAILS

 

NAME

:

JANI NITIN RAMESHCHANDRA

ADDRESS

:

PLOT NO 177, ROOM NO 16, JAWAHAR NAGAR, ROAD NO 2 GOREGAON WEST, MUMBAI 62

POSITION

:

DIRECTOR

DATE OF APPT

:

12/10/2007

NATIONALITY

:

INDIAN

I/C PASSPORT

:

E9045496

 

NAME

:

JAVERI ASIT DHANKUMAR

ADDRESS

:

RATNAGAR PALACE, 37 CHOWPATTY SEAFACE LAMINGTON ROAD, MUMBAI O7 MS

POSITION

:

DIRECTOR

DATE OF APPT

:

12/10/2007

NATIONALITY

:

INDIAN

I/C PASSPORT

:

F3991753

 

NAME

:

CHOO LIANG KOK @ ZHU JINGHUA

ADDRESS

:

23 JALAN BANGAU SELETAR HILLS ESTATE SINGAPORE 809368

POSITION

:

DIRECTOR

DATE OF APPT

:

12/07/2011

NATIONALITY

:

SINGAPORE CITIZEN

I/C PASSPORT

:

S0352153B

 

NAME

:

BEULAH SHANTHINI

ADDRESS

:

190 HOLLAND ROAD TOHO MANSION SINGAPORE 278585

POSITION

:

SECRETARY

DATE OF APPT

:

30/01/2008

NATIONALITY

:

SINGAPORE P.R.

I/C PASSPORT

:

S2696645J

 

 

 

KEY PERSONNEL PROFILE

 

Name:

JANI NITIN RAMESHCHANDRA

NRIC Number:

E9045496

Available Address:

PLOT NO 177, ROOM NO 16, JAWAHAR NAGAR, ROAD NO 2 GOREGAON WEST, MUMBAI 62

 

Current Business Interest

No.

Name

Position

Appt Date

#of Share

%

1

ANUCHEM PTE. LTD.

DIRECTOR

12/10/2007

-

-

 

Previous Business

No.

Name

 

 

Status

Position

Appt Date

Last Known Inactive Date

No Trace

 

 

 

 

 

Bankruptcy Record

Case No.

Year

Date of Filing

Petitioner Name

Amount

No Trace

 

 

 

 

 

Litigation Search – Writ of Summons

Court

Case No.

Transfer

Year

Date of Filing

Amount

Cause Category

No Trace

 

 

 

 

 

 

 

 

SUBSIDIARIES AND ASSOCIATE COMPANIES

 

Company

Shareholdings (%)

 

NA

 

                                                                                                                       

 

BANKERS/ FINANCIERS

 

Subject enjoys a normal banking routine with its bankers. To date, there are no bank charges registered against Subject by its bankers.

             

 

LITIGATION

 

Clear

COMPLIANCE RECORDS

 

Date of Last AGM

:

30/06/2011

Date of Last AR

:

02/08/2011

Date of A/C Laid At Last AGM

:

31/12/2010
 

 

COMPLIANCE RATING FOR ANNUAL FILING

 

ANNUAL GENERAL MEETING,ANNUAL RETURN OR ACCOUNTS LATE

 

 

 

Note:

Provided by ACRA (Accounting and Corporate Regulatory Authority), the Compliance Rating for Annual Filing measures a company’s compliance with the provisions under S175, S197 or S201 of the Companies Act, Cap. 50.

 

Applicable to all “Live” locally incorporated companies except for the Limited Partnerships, Limited Liability Partnerships, Business Entities, Foreign Companies and Public Accounting Firms, the rating provide information on whether a company is up-to-date with the holding of its Annual General Meeting (AGM) with up-to-date financial statements and filing of its Annual Return (AR).

 

For more information: www.acra.gov.sg/compliance

 

 

FINANCIAL HIGHLIGHTS

 

Financial Figures

Company

 

DEC 2010

% Change

DEC 2009

DEC 2008

DEC 2007

Currency

SINGAPORE, DOLLARS

 

SINGAPORE, DOLLARS

SINGAPORE, DOLLARS

SINGAPORE, DOLLARS

Profit and Loss Key Figures

 

 

 

 

 

Turnover

0

NA

0

0

0

Profit/(Loss) Before Tax

(7,722)

NA

(7,611)

(7,000)

(7,830)

Profit After Tax attributable

 to Shareholders

(7,722)

NA

(7,611)

(7,000)

(7,830)

 

 

 

 

 

 

Balance Sheet Key Figures

 

 

 

 

 

Total Assets

23,637

-8.24

25,759

26,370

26,370

Current Assets

23,637

-8.24

25,759

26,370

26,370

Non Current Assets

0

NA

0

0

0

 

 

 

 

 

 

Total Liabilities

28,800

24.14

23,200

16,200

9,200

Current Liabilities

28,800

24.14

23,200

16,200

9,200

Non Current Liabilities

0

NA

0

0

0

 

 

 

 

 

 

Shareholders' Funds

(5,163)

NA

2,559

10,170

17,170

Share Capital

25,000

0.00

25,000

25,000

25,000

Total Reserves

(30,163)

NA

(22,441)

(14,830)

(7,830)

 

 

FINANCIAL RATIOS 

 

 

Company

 

DEC 2010

DEC 2009

DEC 2008

DEC 2007

Growth %

 

 

 

 

Year-on-Year Growth

NA

NA

NA

NA

 

 

 

 

 

Profitability

 

 

 

 

Profit Margin (%)

0.00

0.00

0.00

0.00

Return on Equity (%)

149.56

-297.42

-68.83

-45.60

Return on Assets (%)

-32.67

-29.55

-26.55

-29.69

 

 

 

 

 

Leverage

 

 

 

 

Total Debt/Equity (Times)

-5.58

9.07

1.59

0.54

Current Debt/Equity (Times)

0.00

9.07

1.59

0.54

Long Term Debt To Equity (Times)

0.00

0.00

0.00

0.00

Total Asset To Total Equity (Times)

-4.58

10.07

2.59

1.54

 

 

 

 

 

Asset Management

 

 

 

 

Total Assets Turnover (Times)

0.00

0.00

0.00

0.00

Fixed Assets Turnover (Times)

0.00

0.00

0.00

0.00

 

 

 

 

 

Liquidity

 

 

 

 

Current Ratio (Times)

0.82

1.11

1.63

2.87

 

FINANCIAL COMMENTARY

 

 

Profitability

We are unable to comment on Subject's profitability.

 

 

Liquidity

 

Current ratio stood at 0.82 times in FY10 (FY09: 1.11 times). This means that the company has SINGAPORE, DOLLARS 0.82 of current assets for every SINGAPORE, DOLLARS of current liability incurred.

 

A minimum figure of 1.0 would be considered the lowest limit that this figure should reach. Any business that has a current ratio near 1.0 may be heading for liquidity problems, and would need to be closely monitored. A figure greater than 2.0 would be more desirable, to act as a buffer against any short-term liquidity problems, and give creditors/bank managers a degree of comfort when granting credit/finance.

Leverage

We are unable to comment on Subject's leverage.

 

 

Efficiency Ratio

 

Return on equity was 149.56 per cent for Subject in the current financial period. The return on equity measures the return earned on the owner's investment.  Generally, the higher this return, the better off the owner.

 

We are unable to comment on Subject's return on assets.

 

We are unable to comment on Subject's total assets turnover ratio.

 

 

 

FOREIGN EXCHANGE RATES

 

Currency
Unit

Indian Rupees

US Dollar

1

Rs.55.26

UK Pound

1

Rs.86.80

Euro

1

Rs.69.63

 

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.