|
Report Date : |
26.11.2012 |
IDENTIFICATION DETAILS
|
Name : |
SANEX INTERNATIONAL PTE. LTD. |
|
|
|
|
Registered Office : |
3 Shenton Way, #07-05, Shenton House Singapore 068805 |
|
|
|
|
Country : |
|
|
|
|
|
Date of Incorporation : |
30.01.2009 |
|
|
|
|
Com. Reg. No.: |
200901718H |
|
|
|
|
Legal Form : |
Limited Exempt Private Company |
|
|
|
|
Line of Business : |
General wholesale trade (including general importers and
exporters) |
|
|
|
|
No. of Employees : |
10 |
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 : |
No complaints |
|
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 |
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: |
Sanex
International Pte. Ltd. |
|
Supplied
Name: |
|
|
Supplied
Address: |
|
|
Fax
Number: |
|
|
Registered
Name: |
|
|
Registered
Address: |
|
|
Date
of Registration:: |
2009-1-30 |
|
Registered
Number: |
200901718H |
|
Country
of Incorporation: |
Singapore |
|
Registered
Capital: |
SGD
2,638,700.00 (USD 2,101,460.68) (As of
2012.07, 1 SGD = 0.7964 USD) |
|
Paid-up
Capital: |
SGD
2,638,700.00 (USD 2,101,460.68) = 2,638,700 Shares@1 SGD |
|
Legal
Form: |
Limited
Exempt Private Company |
|
Principal
Activities: |
46900 General
wholesale trade (including general importers and exporters) |
|
About
10 Employees |
|
|
Status: |
Live
Company |
|
Listed
at Stock Exchange: |
No |
|
Date
of Last Annual Return: |
2012-3-14 |
Subject was incorporated on 2009-1-30
with registered number 200901718H as Limited Exempt Private Company in
Singapore.
|
Subscription Amount |
Proportion of Investment (%) |
|
|
Sanjay
Jhunjhunwala |
2,638,700 |
100% |
|
Total |
2,638,700 |
100% |
Major Shareholder
Information:
|
Name: |
Sanjay
Jhunjhunwala |
|
ID
Number: |
Z2145396 |
|
Address: |
W
25/3 Western Avenue Sainik Farms, New Delhi 100062, India |
|
Nationality: |
Indian |
Detailed Information of Management:
|
1 |
|
|
Name: |
Seetal
Chand Jain |
|
Position: |
Director |
|
ID
Number: |
F1314292X |
|
Address: |
2
Marine Vista, #19-69, Neptune Court Singapore 449026 |
|
Nationality: |
Indian |
|
Date
of Appointment: |
2010-4-12 |
|
2 |
|
|
Name: |
Dalmia
Kunal |
|
Position: |
Director |
|
ID
Number: |
J1867125 |
|
Address: |
11 Old
Ballygunge, 2nd Lane Kolkata-19 |
|
Nationality: |
Indian |
|
Date
of Appointment: |
2011-7-18 |
|
3 |
|
|
Name: |
Sanjay
Jhunjhunwala |
|
Position: |
Director |
|
ID
Number: |
Z2145396 |
|
Address: |
W
25/3 Western Avenue Sainik Farms, New Delhi 100062, India |
|
Nationality: |
Indian |
|
Date
of Appointment: |
2009-1-30 |
|
4 |
|
|
Name: |
Beulah
Shanthini |
|
Position: |
Secretary |
|
ID
Number: |
S2696645J |
|
Address: |
190
Holland Road, Toho Mansion Singapore 278585 |
|
Nationality: |
Singapore
P.R. |
|
Date
of Appointment: |
2010-4-12 |
Personnel
Structure
|
Total
Employees |
Offices &
Factories
|
|
Office |
|
Address: |
Production
Information
l
Subject is a trader of iron ore, coal
and metal scrap, etc without any production activities.
Purchase
Information
l
Subject’s purchase information as
follows for reference:
|
Products |
Original
area |
|
Iron
ore pellets |
Russia
and Ukraine |
|
Iron
ore fines |
Chile,
India, Indonesia, Malaysia |
|
Coal
|
Indonesia,
South Africa |
|
Heavy
melting scrap |
Africa |
|
Prime
square steel billets |
Ukraine |
|
Pig
iron |
India |
|
Manganese
ore |
Zambia |
Sales
Information
l
Subject is engaged in sales of iron
ore, coal and metal scrap, etc.
l
Subject’s sales regions include India,
Indonesia, Thailand, Singapore, Vietnam, China, Malaysia, and Europe, etc.
l
Subject’s major customers are mining
and steel manufacturer and power generation manufacturer.
l
Subject has many cooperative agents in
different parts of the world such as India, Chile, UK, UAE, Ethiopia, USA,
Indonesia and Uganda, etc.
Major
products sold
|
|
Products |
|
1 |
Iron
ore pellets |
|
2 |
Iron
ore fines |
|
3 |
Coal
|
|
4 |
Heavy
melting scrap |
|
5 |
Prime
square steel billets |
|
6 |
Pig
iron |
|
7 |
Nickel |
|
8 |
Manganese
ore |
Purchase
Domestic Markets
Subject has little domestic purchase.
Overseas Markets
|
Products
|
Payment
Terms |
Proportion |
|
Iron
ore, coal and metal scrap, etc |
CBD,
etc |
100% |
Domestic Markets
|
Sales
Terms |
Proportion |
|
|
Iron
ore, coal and metal scrap, etc |
COD,
etc |
100% |
Overseas Markets
|
Product |
Sales
Terms |
Proportion |
|
Iron
ore, coal and metal scrap, etc |
CBD,
etc |
100% |
In Singapore, Limited Exempt Private Companies are not
obligated to submit their financial statements to the local registry. We did not
find the financials of subject from the local registry,
the subject also declined to disclose such information
due to the confidentiality reason.
Open Account Bank
|
Name: |
The
Hongkong & Shanghai Banking Corp |
|
Name: |
Mgi N Rajan Associates |
Charges
|
Charge
Number: |
C201006083 |
|
Date
of Registration: |
2010-7-16 |
|
Name: |
The
Hongkong and Shanghai Banking Corporation Limited |
|
Amount
Secured: |
All
Monies |
|
Name: |
Mr.
Sharma |
|
Department: |
Sales
Department |
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.55.34 |
|
UK Pound |
1 |
Rs.88.30 |
|
Euro |
1 |
Rs.71.37 |
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%)
This report is issued at your request without any
risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL)
or its officials.