MIRA INFORM REPORT

 

 

Report Date :

21.11.2012

 

IDENTIFICATION DETAILS

 

Name :

SUNAGRO INTERNATIONAL PTE. LTD.

 

 

Registered Office :

180, Cecil Street #09-02, Bangkok Bank Building, Singapore 069546

 

 

Country :

Singapore

 

 

Financials (as on) :

2007

 

 

Date of Incorporation :

07.08.2003

 

 

Com. Reg. No.:

200307528H

 

 

Legal Form :

Private Limited Liability Company

 

 

Line of Business :

Trading of ferrous and non ferrous scrap metals, grains and  pulses

 

 

No. of Employees :

Not Available 

 

 

RATING & COMMENTS

 

MIRA’s Rating :

B

 

RATING

STATUS

PROPOSED CREDIT LINE

26-40

B

Capability to overcome financial difficulties seems comparatively below average.

Small


 

Status :

Moderate

 

 

 

 

Payment Behaviour :

Slow

 

 

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 – June 30th, 2012

 

Country Name

Previous Rating

(31.03.2011)

Current Rating

(30.06.2012)

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:

Sunagro International Pte. Ltd.

Supplied Name:

Sunagro International Pte Ltd.

Trading Address:

180 Cecil Street #09-02 Bangkok Bank Building Singapore 069546

Supplied Address:

180 cecil Street, #09-02 bangkok Bank Building, Singapore 069546

Telephone Number:

+65-63242568

Fax Number:

+65-63721625

E-mail:

sunagro@gmail.com

 

 

Credit Summary

 

Credit Opinion:

Business connections are permissible.

 

 

Company Identification Details

 

Registered Name:

Sunagro International Pte. Ltd.

Registered Address:

180 Cecil Street #09-02 Bangkok Bank Building Singapore 069546

Date of Registration::

2003-8-7

Registered Number:

200307528H

Country of Incorporation:

Singapore

Registered Capital:

SGD 2,895,337.00 (USD 2,287,450)

(As of 2012.06, 1 SGD = 0.79005 USD)

Paid-up Capital:

SGD 2,895,337.00 (USD 2,287,450) = 2,895,337 Shares@1 SGD

Legal Form:

Private Limited Liability Company

Principal Activities:

Trading of ferrous and non ferrous scrap metals, grains and  pulses

Staff:

N/A

Status:

Live Company

Listed at Stock Exchange:

No.

Date of Last Annual Return:

2011-10-5

 

Note:

Subject declined to disclose the staff number, and from other sources, we couldn’t obtain the information, either.

 

 

History

 

Subject was incorporated on 2003-8-7 with registered number 200307528H as Private Limited Liability Company in Singapore.

 

 

Shareholders

Unit: SGD

Name

Subscription Amount

Proportion of Investment (%)

NIKHIL KUMAR

2,895,336

99.99%

SUJATA KUMAR

1

0.01%

Total

2,895,337

 

 

Major Shareholder Information:

1

Name:

NIKHIL KUMAR

ID Number:

S7561450J

Address:

25 LEONIE HILL #22-01 LEONIE GARDENS Singapore 239225

Nationality:

Singapore Citizen

2

Name:

SUJATA KUMAR

ID Number:

S7981581J

Address:

25 LEONIE HILL #22-01 LEONIE GARDENS Singapore 239225

Nationality:

Singapore P.R.

 


Subsidiaries & Branches

 

Subject did not register any subsidiaries or branches, from other source we can not obtain the relevant information, either.

 

 

Manage Information

 

Core Management

Detailed Information of Management:

1

Name:

NIKHIL KUMAR

Position:

Director

ID Number:

S7561450J

Address:

25 LEONIE HILL #22-01 LEONIE GARDENS Singapore 239225

Nationality:

Singapore Citizen

Date of Appointment:

2003-8-7

2

Name:

SUJATA KUMAR

Position:

Director

ID Number:

S7981581J

Address:

25 LEONIE HILL #22-01 LEONIE GARDENS Singapore 239225

Nationality:

Singapore P.R.

Date of Appointment:

2004-9-24

3

Name:

SUJATA KUMAR

Position:

Secretary

ID Number:

S7981581J

Address:

25 LEONIE HILL #22-01 LEONIE GARDENS Singapore 239225

Nationality:

Singapore P.R.

Date of Appointment:

2006-1-3

 

 

 

 

 

Operation Information

 

Offices & Factories

 

Office

Address:

180 Cecil Street #09-02 Bangkok Bank Building Singapore 069546

Production Information

l         Subject is a trader of ferrous and non ferrous scrap metals, grains and  pulses and the related products without any production activities

Purchase

l         The productions are purchased from both local and abroad.

Sales Information

l         Subject is mainly engaged in trading of ferrous and non ferrous scrap metals, grains and pulses and the related products.

l         Subject introduced that the products of subject are purchased from both local and abroad.

l         Subject’s selling territory covers all over the world, such as Indonesia, the Unit States, Singapore, Hong Kong and so on.

l         Subject declined to disclose more details about subject.

 

 

Settlements

 

Subject declined to disclose the settlements information, and from other sources, we couldn’t obtain the information, either.

 

 

Balance Sheet

Unit: USD

 

2007

Total Assets

460,871.00

Total Current Assets

459,875.00

Total Non-Current Assets f.k.a.

[Fixed And Others]

996.00

 

 

Total Liabilities

20,310.00

Total Current Liabilities

20,310.00

Total Non-Current Liabilities

0.00

Total Equity f.k.a [Shareholder's

Funds]

440,561.00

Paid-Up Capital

N.A.

Share Capital

289,045.00

Other Reserves, Total f.k.a.

[Reserves]

0.00

Retained Earnings/(Accumulated

Loss)

151,516.00

 

 

Profit/Loss Account

Unit: USD

 

2007

Revenue f.k.a [Sales Turnover And

Other Operating Revenues]

1,889,714.00

Profit/(Loss) before Tax from

Continuing Operations f.k.a

[Profit/(Loss) before tax]

29,264.00

Profit/(Loss) after Tax from

Continuing Operations f.k.a

[Profit/(Loss) After Tax]

29,264.00

Net Income/(Loss) From Extraordinary And Non-Operating Items

N.A.

Profit/(Loss) After Tax and

Extraordinary Items

N.A.

 

 

Bankers

 

Open Account Bank

The bankers’ information is not available from the subject or other sources.

 

Auditors

 

Name:

MGI N RAJAN ASSOCIATES

 

 

Public

 

Charges

Charge 1

Charge Number:

C201112964

Date of Registration:

2011-10-14

Name:

CITIBANK N.A.

Amount Secured:

All Monies

Charge 2

Charge Number:

C201204599

Date of Registration:

2012-4-26

Name:

The Hongkong And Shanghai Banking Corporation Limited

Amount Secured:

All Monies

 

 

Interview Details

 

Name:

Mr. Kumar

 


 

FOREIGN EXCHANGE RATES

 

Currency

Unit

Indian Rupees

US Dollar

1

Rs.54.91

UK Pound

1

Rs.87.38

Euro

1

Rs.70.24

 

INFORMATION DETAILS

 

Report Prepared by :

NIT

 

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.