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Report Date : |
04.09.2012 |
IDENTIFICATION DETAILS
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Name : |
VETCOM INDUSTRIES PTE. LTD. |
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Registered Office : |
10 Anson Road, #27-08, International Plaza Singapore 079903 |
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Country : |
Singapore |
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Date of Incorporation : |
16.07.2009 |
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Com. Reg. No.: |
200912926D |
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Legal Form : |
Limited Exempt Private Company |
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Line of Business : |
Wholesale on a fee or contract basis (eg commission agents) |
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No. of Employees : |
Not Available |
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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 : |
Unknown |
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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
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Country Name |
Previous Rating (31.12.2011) |
Current Rating (31.03.2012) |
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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 |
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
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Company Name: |
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Supplied Name: |
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Supplied Address: |
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Fax Number: |
Note: The exact name and address are as above.
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Credit Opinion: |
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Registered Name: |
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Registered Address: |
10 Anson Road, #27-08, International Plaza Singapore 079903 |
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Date of Registration:: |
2009-7-16 |
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Registered Number: |
200912926D |
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Country of Incorporation: |
Singapore |
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Registered Capital: |
SGD 803,000.00 (USD 643,765.10) (As of 2012.09, 1 SGD = 0.8017 USD) |
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Paid-up Capital: |
SGD 803,000.00 (USD 643,765.10) = 803,000 Shares@1 SGD |
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Legal Form: |
Limited Exempt Private Company |
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Principal Activities: |
46900 General wholesale trade (including general importers and exporters) 46100 Wholesale on a fee or contract basis (eg commission agents) |
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N/A |
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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: |
2011-11-20 |
Note: Subject declined to disclose its staff
number; from other source we cannot obtain the relevant information, either.
Subject was incorporated on 2009-7-16 with registered
number 200912926D as Limited Exempt Private Company in Singapore.
|
Subscription Amount |
Proportion of Investment (%) |
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Kapil Bagaria |
300,000 |
37.3599% |
|
Ramnarayan Agarwal |
502,999 |
62.64% |
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Neo Lay Hiang Pamela |
1 |
0.0001% |
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Total |
803,000 |
100% |
Major Shareholder Information:
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1 |
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Name: |
Kapil Bagaria |
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ID Number: |
478521407 |
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Address: |
Unit 1 Manningham, 17 Manning Road Berea 4001, South Africa |
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Nationality: |
South African |
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2 |
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Name: |
Ramnarayan Agarwal |
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ID Number: |
G6310959U |
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Address: |
130 Tanjong Rhu Road #08-22 Pebble Bay Singapore 436918 |
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Nationality: |
Seychelles |
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3 |
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Name: |
Neo Lay Hiang Pamela |
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ID Number: |
S1464993Z |
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Address: |
28 Jalan Joran Seletar Hills Estate Singapore 809095 |
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Nationality: |
Singapore Citizen |
Detailed Information of Management:
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1 |
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Name: |
Ramnarayan Agarwal |
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Position: |
Director |
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ID Number: |
G6310959U |
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Address: |
130 Tanjong Rhu Road, #08-22, Pebble Bay Singapore 436918 |
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Nationality: |
Seychelles |
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Date of Appointment: |
2009-7-16 |
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2 |
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Name: |
Neo Lay Hiang Pamela |
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Position: |
Director/ Secretary |
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ID Number: |
S1464993Z |
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Address: |
28 Jalan Joran, Seletar Hills Estate Singapore 809095 |
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Nationality: |
Singapore Citizen |
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Date of Appointment: |
2009-7-16 |
Offices & Factories
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Office |
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Address: |
Production Information
Subject is a trader of grains and commodities, etc without any
production activities.
Purchase Information
It is introduced that
subject purchases products are mostly from abroad.
Sales Information
Subject is engaged
in sales of grains and commodities, etc.
Subject’s sales regions include Singapore and its neighboring countries.
The major products sold by subject include yellow peas, green peas,
barley, gram peas, etc.
Purchase
Domestic Markets
Subject has little domestic purchase.
Overseas Markets
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Products |
Payment Terms |
Proportion |
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Grains, etc |
CBD, etc |
100% |
Domestic Markets
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Sales Terms |
Proportion |
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Grains, etc |
COD, CBD, etc |
100% |
Overseas Markets
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Product |
Sales Terms |
Proportion |
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Grains, 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.
Bank Charge
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Charge Number: |
C201109964 |
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Date of Registration: |
2011-8-11 |
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Name: |
UCO Bank |
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Amount Secured: |
All Monies |
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Name: |
Strategic Audit Alliance Pac |
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Department: |
Sales Department |
FOREIGN EXCHANGE RATES
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Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
Rs.55.45 |
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|
1 |
Rs.87.98 |
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Euro |
1 |
Rs.69.69 |
INFORMATION DETAILS
|
Report
Prepared by : |
PRL |
RATING EXPLANATIONS
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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>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 |
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<10 |
C |
Absolute credit risk exists. Caution needed to be exercised |
Credit not
recommended |
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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.