|
Report Date : |
22.11.2012 |
IDENTIFICATION DETAILS
|
Name : |
SPM EXPORTS (PTE.) LTD. |
|
|
|
|
Registered Office : |
|
|
|
|
|
Country : |
|
|
|
|
|
Date of Incorporation : |
10.04.2012 |
|
|
|
|
Com. Reg. No.: |
201208823R |
|
|
|
|
Legal Form : |
Limited Exempt Private Company |
|
|
|
|
Line of Business : |
Wholesaler of Logs, Sawn Timber, Plywood And Related
Products |
|
|
|
|
No. of Employees : |
01 Employee |
RATING & COMMENTS
|
MIRA’s Rating : |
NB |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
-- |
NB |
New Business |
-- |
|
Status : |
New Company |
|
|
|
|
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 – June 30th, 2012
|
Country Name |
Previous Rating (31.03.2012) |
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 |
Singapore - ECONOMIC OVERVIEW
Singapore has a highly developed and successful free-market economy. It enjoys a remarkably open and corruption-free environment, stable prices, and a per capita GDP higher than that of most developed countries. The economy depends heavily on exports, particularly in consumer electronics, information technology products, pharmaceuticals, and on a growing financial services sector. Real GDP growth averaged 8.6% between 2004 and 2007. The economy contracted 1.0% in 2009 as a result of the global financial crisis, but rebounded 14.8% in 2010 and 4.9% in 2011, on the strength of renewed exports. Over the longer term, the government hopes to establish a new growth path that focuses on raising productivity, which has sunk to a compound annual growth rate of just 1.8% in the last decade. Singapore has attracted major investments in pharmaceuticals and medical technology production and will continue efforts to establish Singapore as Southeast Asia's financial and high-tech hub.
|
Source : CIA |
|
Company Name: |
SPM Exports (Pte.) Ltd. |
|
Supplied Name: |
|
|
Supplied
Address: |
|
|
Fax Number: |
Notes: Subject’s exact name and address are as
above.
|
Credit Opinion: |
Since the subject is a newly established company, the future development
remains to be seen. At this stage credits require securities. |
|
Registered
Name: |
|
|
Registered
Address: |
|
|
Date
of Registration:: |
|
|
Registered
Number: |
201208823R |
|
Country
of Incorporation: |
Singapore |
|
Registered
Capital: |
SGD 1,300 (USD
1,029) (As of 2012.07,
1 SGD = 0.7919 USD) |
|
Paid-up
Capital: |
SGD 1,300 (USD
1,029) = 1,300 Shares@1 SGD |
|
Legal
Form: |
Limited Exempt
Private Company |
|
Principal
Activities: |
46631--Wholesale
Of Logs, Sawn Timber, Plywood And Related Products |
|
Status: |
Live Company |
|
Listed at Stock
Exchange: |
No |
|
Date of Last
Annual Return: |
-- |
Notes: It is introduced
that there is only one principal in Singapore office at present.
Subject was incorporated on
|
Subscription
Amount |
Proportion
of Investment (%) |
|
|
Shis Pal Mittal |
1,300 |
100% |
|
Total |
1,300 |
100% |
Major Shareholder
Information:
|
Name: |
Shis Pal Mittal |
|
ID Number: |
Z2300278 |
|
Address: |
H. No. 2042 Sector-13, Urban Estte,
Karnal -132001, Haryana, India |
Subject did not introduce whether it has any subsidiaries or branches, from other source we can not obtain the relevant information, either.
Core Management
Detailed
Information of Management:
|
1 |
|
|
Name: |
Mittal Ashish |
|
Position: |
Director |
|
ID Number: |
H1805524 |
|
Address: |
1902 Sector 13 Urban Estate Karnal Haryana 132001
INDIA |
|
Nationality: |
Indian |
|
Date of Appointment: |
|
|
2 |
|
|
Name: |
Raman Singhal |
|
Position: |
Director |
|
ID Number: |
S8283446Z |
|
Address: |
3 Shenton Way #08-04 Shenton House Singapore
068805 |
|
Nationality: |
Singapore P.R. |
|
Date of Appointment: |
|
|
3 |
|
|
Name: |
Chyanne Lim Yan Ling |
|
Position: |
Director |
|
ID Number: |
S8633500Z |
|
Address: |
852 Jurong West Street 81 #13-315 Singapore
640852 |
|
Nationality: |
Singapore Citizen |
|
Date of Appointment: |
|
|
4 |
|
|
Name: |
Chiang Hock Xiang |
|
Position: |
Secretary |
|
ID Number: |
S |
|
Address: |
10 Anson Road #26-04 International Plaza
Singapore 079903 |
|
Nationality: |
Singapore Citizen |
|
Date of Appointment: |
|
Offices &
Factories
|
|
Office |
|
Address: |
Production
Information
l
Subject is engaged in trading of wood products
without any production activities itself.
Purchase
Information
l
It is introduced that subject purchases wood
products mainly abroad from Malaysia.
Sales
Information
l
Subject is engaged in sales of wood products and
its major products are timber logs at present.
l
Subject’s products are mainly sold in overseas
market and it mainly exports to India, while it is introduced that subject can
also transfer the goods to Hong Kong
Purchase
Domestic Markets
Subject has little
domestic purchase
Overseas Markets
|
Products |
Payment Terms |
Proportion |
|
Timber logs, etc |
CBD, etc |
100% |
Sales
Domestic Markets
Subject has little domestic sales.
Overseas Markets
|
Product |
Sales Terms |
Proportion |
|
Timber logs, etc |
CBD, etc |
100% |
In Singapore, Limited Exempt Private Companies are not obligated to submit
their financial statements to the local registry. Sicne subject is newly set
up, we did not find the financials of subject from the local registry, and the
subject also declined to disclose such information due to the confidentiality
reason.
Subject declined to disclose its bank details, from other source we can not
obtain the relevant information, either
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.55.20 |
|
UK Pound |
1 |
Rs.87.79 |
|
Euro |
1 |
Rs.70.43 |
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%)
This report is issued at your request without any
risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL)
or its officials.