MIRA INFORM REPORT

 

 

Report Date :

11.09.2012

 

IDENTIFICATION DETAILS

 

Name :

AGRITRADE INTERNATIONAL (PTE) LTD

 

 

Registered Office :

80 Raffles Place, #45-01/02, UOB Plaza Singapore 048624

 

 

Country :

Singapore

 

 

Date of Incorporation :

22.11.1979

 

 

Com. Reg. No.:

197903533W

 

 

Legal Form :

Limited Exempt Private Company

 

 

Line of Business :

General wholesale trade (including general importers and exporters)

 

 

No. of Employees :

About 40 Employees

 

RATING & COMMENTS

 

MIRA’s Rating :

Ba

 

RATING

STATUS

PROPOSED CREDIT LINE

41-55

Ba

Overall operation is considered normal. Capable to meet normal commitments.

Satisfactory

 

Status :

Satisfactory

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 – March 31st, 2012

 

Country Name

Previous Rating

(31.12.2011)

Current Rating

(31.03.2012)

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

 

Contact Points

 

Company Name:

Agritrade International (Pte) Ltd

Supplied Name:

Agritrade International Pte Ltd.

Trading Address:

80 Raffles Place, #45-01/02/03, UOB Plaza 1, Singapore 048624

Supplied Address:

80, Raffles Place #45-01/02/03, UOB Plaza 1, Singapore 048624

Telephone Number:

+65-6225-9618

Fax Number:

+65-6225-7916

E-mail:

enquiries@agritrade.com.sg  / info@agritrade.com.sg

 

 

Credit Summary

 

Credit Opinion:

Business connections are permissible.

 

 

Company Identification Details

 

Registered Name:

Agritrade International (Pte) Ltd

Registered Address:

80 Raffles Place, #45-01/02, UOB Plaza Singapore 048624

Date of Registration::

1979-11-22

Registered Number:

197903533W

Country of Incorporation:

Singapore

Registered Capital:

SGD 25,230,200.00 (USD 20,126,130.54)

(As of 2012.08, 1 SGD = 0.7977 USD)

Paid-up Capital:

SGD 25,230,200.00 (USD 20,126,130.54) = 25,230,200 Shares @1 SGD

Legal Form:

Limited Exempt Private Company

Principal Activities:

46900

General wholesale trade (including general importers and exporters)

46100

Wholesale on a fee or contract basis (eg commission agents)

Staff:

About 40 Employees

Status:

Live Company

Listed at Stock Exchange:

No

Date of Last Annual Return:

2012-1-19

 

 

History

 

Subject was incorporated on 1979-11-22 with registered number 197903533W as Limited Exempt Private Company in Singapore.

 

 

Shareholders

Unit: SGD

Name

Subscription Amount

Proportion of Investment (%)

Ng Say Pek

20,184,160

80%

Lim Chek Hwee

5,046,040

20%

Total

25,230,200

100%

 

Major Shareholder Information:

1

Name:

Ng Say Pek

ID Number:

S0028042I

Address:

23 Jalan Tanah Puteh Singapore 457346

Nationality:

Singapore Citizen

2

Name:

Lim Chek Hwee

ID Number:

S1237912I

Address:

23 Jalan Tanah Puteh Singapore 457346

Nationality:

Singapore Citizen

 

 

 

 

Subsidiaries & Branches

 

Related Company:

Name:

Agritrade International (HK) Limited-Hong Kong

Address:

Room 1708, 17th Floor Harbour Centre, 25 Harbour Road, Wanchai, Hong Kong

Telephone Number:

+852-3106-0668

Fax Number:

+852-3106-0227

 

 

Management Information

 

Core Management

Detailed Information of Management:

1

Name:

Ng Say Pek

Position:

Director

ID Number:

S0028042I

Address:

23 Jalan Tanah Puteh, Singapore 457346

Nationality:

Singapore Citizen

Date of Appointment:

1979-11-22

2

Name:

Ng Say Pek

Position:

Managing Director

ID Number:

S0028042I

Address:

23 Jalan Tanah Puteh, Singapore 457346

Nationality:

Singapore Citizen

Date of Appointment:

1979-12-18

3

Name:

Lim Chek Hwee

Position:

Director

ID Number:

S1237912I

Address:

23 Jalan Tanah Puteh Singapore 457346

Nationality:

Singapore Citizen

Date of Appointment:

1979-11-22

4

Name:

Lim Chek Hwee

Position:

Secretary

ID Number:

S1237912I

Address:

23 Jalan Tanah Puteh Singapore 457346

Nationality:

Singapore Citizen

Date of Appointment:

1979-12-18

 

Personnel Structure

Total Employees

About 40 Employees

 

 

Operation Information

 

Offices & Factories

 

Office

Address:

80 Raffles Place, #45-01/02/03, UOB Plaza 1, Singapore 048624

 

Production Information

l         Subject is a trader of palm oil and coal, etc without any production activities.

 

Purchase Information

l         Subject purchase products from abroad; the details as follows for reference:

 

Product

Original area

Palm oil

Malaysia, Indonesia

Coal

South and Central Kalimantan Indonesia

Oleo chemical

Indonesia

 

Sales Information

l         Subject is engaged in sales of palm oil and coal, etc.

l         Subject’s sales regions include India, Pakistan, Sri Lanka, Nepal, China, Malaysia, Indonesia and Europe, etc.

Major products sold

Product

Application

Palm oil

Edible oils, food & confectioneries, cosmetics, pharmaceuticals, bio fuel and animal feeds

Coal

Cement manufacturing, electricity generation, liquid fuel, steel production

Oleo chemical

--

 

 

Settlements

 

Purchase

Domestic Markets

Subject has little domestic purchase.

Overseas Markets

Products

Payment Terms

Proportion

Palm oil, coal

CBD, etc

100%

 

Sales

Domestic Markets

Product

Sales Terms

Proportion

Palm oil, coal

COD, CBD, etc

100%

 

Overseas Markets

Product

Sales Terms

Proportion

Palm oil, coal

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 financials of subject from the local registry, the subject also declined to disclose such information due to the confidentiality reason.

Bankers

 

Subject declined to disclose its bank details; from other source we cannot obtain the relevant information, either.

 

 

Auditors

 

Name:

James Raj & Co.

 

 

Interview Details

 

Name:

Mr. Eric

Department:

Sales Department

FOREIGN EXCHANGE RATES

 

Currency
Unit

Indian Rupees

US Dollar

1

Rs.55.34

UK Pound

1

Rs.88.50

Euro

1

Rs.70.74

 

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%)

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.