MIRA
INFORM REPORT
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Report Date : |
06.09.2012 |
IDENTIFICATION DETAILS
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Name : |
INDIAN TREAT PTE. LTD. |
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Registered Office : |
781 Upper Changi Road East #08-12 Sunhaven Singapore
486069 |
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Country : |
Singapore |
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Date of Incorporation : |
21.10.2009 |
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Com. Reg. No.: |
200919647K |
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Legal Form : |
Limited Exempt Private Company |
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Line of Business : |
General Wholesale Trade (Including General Importers And Exporters) |
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No. of Employees : |
Less than 10 Employees |
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
|
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.
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Source : CIA |
Contact Points
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Company Name: |
Indian Treat Pte. Ltd. |
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Supplied Name: |
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Supplied
Address: |
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Fax Number: |
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Notes: Subject’s current address is as above and
the supplied address is the former one.
Credit Summary
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Credit Opinion: |
Company Identification Details
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Registered Name: |
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Registered
Address: |
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Date of
Registration:: |
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Registered
Number: |
200919647K |
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Country of Incorporation: |
Singapore |
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Registered
Capital: |
SGD 150,000 (USD
120,840) (As of 2012.08,
1 SGD = 0.8056 USD) |
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Paid-up Capital: |
SGD 150,000 (USD
120,840) = 150,000 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) |
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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: |
|
History
Subject was incorporated on
Shareholders
|
Subscription
Amount |
Proportion of
Investment (%) |
|
|
Sahil Mittal |
150,000 |
100% |
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Total |
150,000 |
100% |
Major Shareholder
Information:
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Name: |
Sahil Mittal |
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ID Number: |
G6344334X |
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Address: |
6 Marina Boulevard #40-21 Sail @ Marina Bay,
Indian |
Subsidiaries & Branches
Subject did not introduce
whether it has any subsidiaries or branches, from other source we can not
obtain the relevant information, either.
Management Information
Detailed
Information of Management:
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1 |
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Name: |
Sahil Mittal |
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Position: |
Director |
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ID Number: |
G6344334X |
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Address: |
6 Marina Boulevard #40-21 SAIL @ Marina Bay, The
Singapore 018985 |
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Nationality: |
Indian |
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Date of Appointment: |
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2 |
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Name: |
Lim Soh Sea |
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Position: |
Secretary |
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ID Number: |
S7077960I |
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Address: |
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Nationality: |
Singapore Citizen |
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Date of Appointment: |
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3 |
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Name: |
Azman Bin Abdullah |
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Position: |
Secretary |
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ID Number: |
S7321299E |
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Address: |
407 Jurong West Street 42 #02-643 Singapore
640407 |
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Nationality: |
Singapore Citizen |
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Date of Appointment: |
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4 |
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Name: |
Rakesh Kumar Puri |
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Position: |
Director |
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ID Number: |
Z1600468 |
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Address: |
105 Angellina, Raheja Gardens Wanawadi, Pune -
M.S. , India |
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Nationality: |
Indian |
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Date of Appointment: |
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5 |
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Name: |
Nihar Mittal |
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Position: |
Director |
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ID Number: |
Z2031348 |
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Address: |
G D 13 Vishakha Enclave Pitan Pura Delhi 110088 |
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Nationality: |
Indian |
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Date of Appointment: |
|
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Name: |
Sunny Mittal |
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Position: |
Director |
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ID Number: |
Z2231499 |
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Address: |
Mittal Bhawan, Opp- Bus Stand Kaithal -136027 Haryana,
India |
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Nationality: |
Indian |
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Date of Appointment: |
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Operation Information
Offices
& Factories
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|
Office |
|
Address: |
Production
Information
l
Subject is a trader of agricultural products
without any production activities itself.
Purchase
Information
l
The subject purchases wheat Flour, Basmati Rice and
many other products mainly abroad from India and other Asian countries.
Sales
Information
l
The subject is engaged in sales of agricultural products including Basmati Rice, Ponni Rice,
Wheat Flour, Coriander seeds, Fenugreek, fennel seeds, Maize, Chilli, Lentils,
black Pepper, Sugar, etc
l
Subject’s products are both sold in domestic and
overseas market.
l
Subject’s customers are mainly dealers and food
processing enterprises, etc
Settlements
Purchase
Domestic Markets
|
Products |
Payment Terms |
Proportion |
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Wheat Flour,
Basmati Rice, etc |
COD, etc |
100% |
Overseas Markets
|
Products |
Payment Terms |
Proportion |
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Wheat Flour,
Basmati Rice, etc |
CBD, etc |
100% |
Domestic Markets
|
Sales Terms |
Proportion |
|
|
Wheat Flour, Basmati Rice, etc |
CBD, etc |
100% |
Overseas Markets
|
Product |
Sales Terms |
Proportion |
|
Wheat Flour, Basmati Rice, etc |
CBD, etc |
100% |
Financial Information
In Singapore, Limited Exempt Private Companies are not obligated to submit their financial statements to the local registry. We did not find the latest financials of subject from the local registry, the subject also declined to disclose such information due to the confidentiality reason.
We supplied the
figures as of 2010 obtained through interview for reference.
|
Year |
Sales |
|
2010 |
About USD
2,000,000 |
Bankers
|
Name: |
DBS Bank |
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.55.54 |
|
UK Pound |
1 |
Rs.88.23 |
|
Euro |
1 |
Rs.70.02 |
INFORMATION DETAILS
|
Report Prepared
by : |
MNL |
RATING EXPLANATIONS
|
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 |
|
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 |
|
<10 |
C |
Absolute credit risk exists. Caution needed to be exercised |
Credit not
recommended |
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NB |
New Business |
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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.