MIRA INFORM REPORT
|
Report Date : |
14.09.2012 |
IDENTIFICATION DETAILS
|
Name : |
DELTA EXPORTS PTE LTD |
|
|
|
|
Registered Office : |
221 Henderson Road #08-15 |
|
|
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Country : |
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|
|
|
Financials (as on) : |
31.12.2007 |
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|
|
|
Date of Incorporation : |
17.02.1993 |
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|
|
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Com. Reg. No.: |
199300906K |
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|
|
|
Legal Form : |
Private Limited Exempt Company |
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|
|
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Line of Business : |
Sales of metals, minerals, rubber, chemicals and agri-products |
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|
|
|
No. of Employees
: |
More than 10 Employees |
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 – 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
|
Company Name: |
|
|
Supplied Name: |
|
|
221 Henderson
Road, #08-15 Henderson Building, Singapore - 159557 |
|
|
Supplied
Address: |
221 Henderson Road No 08-15 Henderson Building Singapore 159557 |
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Fax Number: |
|
|
Credit Opinion: |
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Registered
Name: |
|
|
Registered
Address: |
|
|
Date
of Registration:: |
|
|
Registered
Number: |
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|
Country
of Incorporation: |
Singapore |
|
Registered
Capital: |
SGD 4,000,000
(USD 3,186,840) (As of 2012.3, 1
SGD = 0.79671USD) |
|
Paid-up
Capital: |
SGD 4,000,000
(USD 3,186,840) = 4,000,000 Shares@1 SGD |
|
Legal
Form: |
Private Limited
Exempt Company |
|
Principal
Activities: |
Sales of metals,
minerals, rubber, chemicals and agri-products |
|
More than 10
Employees |
|
|
Status: |
Live Company |
|
Listed at Stock
Exchange: |
No |
|
Date of Last
Annual Return: |
|
Subject was incorporated on
|
Subscription Amount |
Proportion of Investment (%) |
|
|
50% |
||
|
Dhruba
Charan Panda |
50% |
|
|
Total |
4,000,000 |
100% |
Major Shareholder
Information:
|
1 |
|
|
Name: |
Karthikesan
S/O Vairavan@ Vasudevan S/O Vairavan |
|
Value: |
SGD
2,000,000 |
|
ID
Number: |
S |
|
Address: |
1 Clover
Rise Clover Park Singapore 579153 |
|
Nationality: |
Singapore
Citizen |
|
2 |
|
|
Name: |
Dhruba
Charan Panda |
|
Value: |
SGD
2,000,000 |
|
ID
Number: |
S2737129I |
|
Address: |
Kytv,
Kostyolna Street 8, Flat 27 Ukraine |
|
Nationality: |
Singapore
P.R. |
Subject did not register any subsidiaries or branches,
from other source we can not obtain the relevant information, either.
Detailed
Information of Management:
|
1 |
|
|
Name: |
Karthikesan S/O
Vairavan@ Vasudevan S/O Vairavan |
|
Position: |
Director |
|
ID Number: |
S |
|
Address: |
1 Clover Rise
Clover Park Singapore 579153 |
|
Nationality: |
Singapore
Citizen |
|
Date of
Appointment: |
|
|
2 |
|
|
Name: |
Karthikesan S/O
Vairavan@ Vasudevan S/O Vairavan |
|
Position: |
Secretary |
|
ID Number: |
S |
|
Address: |
1 Clover Rise
Clover Park Singapore 579153 |
|
Nationality: |
Singapore
Citizen |
|
Date of
Appointment: |
|
|
3 |
|
|
Name: |
Dhruba Charan
Panda |
|
Position: |
Director |
|
ID Number: |
S2737129I |
|
Address: |
Kytv, Kostyolna
Street 8, Flat 27 Ukraine |
|
Nationality: |
Singapore P.R. |
|
Date of
Appointment: |
|
|
4 |
|
|
Name: |
Mantha Srinivas
Sastry |
|
Position: |
Director |
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ID Number: |
S |
|
Address: |
|
|
Nationality: |
Indian |
|
Date of
Appointment: |
|
Personnel
Structure
|
Total Employees |
Offices
& Factories
|
|
Office |
|
Address: |
221 Henderson Road, #08-15 Henderson
Building, Singapore - 159557 |
Purchase
l
The productions are purchased from both local and
abroad.
Sales
Information
l
The subject is mainly engaged in trading
of metals, minerals, rubber, chemicals and agri-products.
l
Subject introduced that major products sold as
following:
|
|
Product |
|
1 |
|
|
2 |
Chemicals, Polymers And Plastics |
|
3 |
Rubber And Allied Products |
|
4 |
Agri Products And Fertilizers |
|
5 |
Palm Oil And Derivatives |
|
6 |
Pharmaceuticals |
l
Subject introduced that it has its branches and
agents located in Asian, African, Mediterranean and European markets that help
subject deal with the local business, but he declined to disclose more details
about them.
l
The subject sells products around world.
Purchase
Domestic Markets
|
Products |
Payment Terms |
Proportion |
|
Rubber |
COD, etc |
100% |
Overseas Markets
|
Products |
Payment Terms |
Proportion |
|
Rubber products |
CBD, etc |
100% |
Domestic Markets
|
Sales Terms |
Proportion |
|
|
Rubber products |
CBD, etc |
100% |
Overseas Markets
|
Product |
Sales Terms |
Proportion |
|
Rubber products |
CBD, etc |
100% |
Balance
Sheet
|
|
|
|
|
|
Total Assets |
31,565,950.00 |
18,499,039.00 |
13,530,567.00 |
|
Total Current Assets |
22,470,268.00 |
13,969,657.00 |
11,937,010.00 |
|
Total Non-Current Assets f.k.a. [Fixed And Others] |
9,095,682.00 |
4,529,382.00 |
1,593,557.00 |
|
|
|
|
|
|
Total Liabilities |
25,187,826.00 |
14,308,657.00 |
10,536,144.00 |
|
Total Current Liabilities |
24,671,518.00 |
14,263,246.00 |
10,520,866.00 |
|
Total Non-Current Liabilities |
516,308.00 |
45,411.00 |
15,278.00 |
|
Total Equity f.k.a [Shareholder's Funds] |
6,378,124.00 |
4,190,382.00 |
2,994,423.00 |
|
Paid-Up Capital |
N.A. |
2,414,012.00 |
1,241,542.00 |
|
Share Capital |
2,414,012.00 |
- |
- |
|
Other Reserves, Total f.k.a. [Reserves] |
0.00 |
1,776,370.00 |
1,752,881.00 |
|
Retained Earnings/(Accumulated Loss) |
3,964,112.00 |
0.00 |
0.00 |
Unit: USD
|
|
2007 |
2006 |
2005 |
|
Earning Capacity |
|
|
|
|
Rate of Net Profit on Sales (%) |
0.00 |
1.13 |
0.85 |
|
Return of Investment (%) |
0.00 |
6.46 |
4.70 |
|
Return of Shareholder's Funds (%) |
0.00 |
28.54 |
21.24 |
|
Total Assets Turnover (%) |
0.00 |
5.70 |
5.52 |
|
Financial Stability |
|
|
|
|
Current/Working Capital Ratio (%) |
0.91 |
0.98 |
1.13 |
|
Proprietary Ratio (%) |
20.21 |
22.65 |
22.13 |
|
Total Debt to Equity Ratio (%) |
79.79 |
77.35 |
77.87 |
Note:
The lastest
financial information we could obtain is as above.
Open
Account Bank
|
Name: |
DBS Bank |
|
Name: |
Ernst &
Young Llp |
Charges
|
Charge 1 |
|
|
Charge Number: |
200104008 |
|
Date of
Registration: |
|
|
Name: |
Kbc Bank N.V. |
|
Amount Secured: |
All Monies |
|
Charge 2 |
|
|
Charge Number: |
C200503531 |
|
Date of
Registration: |
|
|
Name: |
|
|
Amount Secured: |
|
|
Charge 3 |
|
|
Charge Number: |
C200503917 |
|
Date of
Registration: |
|
|
Name: |
DBS Bank Ltd. |
|
Amount Secured: |
|
|
Charge 4 |
|
|
Charge Number: |
C200602443 |
|
Date of
Registration: |
|
|
Name: |
Citibank N.A. |
|
Amount Secured: |
All Monies |
|
Charge 5 |
|
|
Charge Number: |
C200603787 |
|
Date of
Registration: |
|
|
Name: |
Bnp Paribas
(Suisse) Sa |
|
Amount Secured: |
All Monies |
|
Charge 6 |
|
|
Charge Number: |
C200604710 |
|
Date of Registration: |
|
|
Name: |
Kbc Bank N.V. |
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Amount Secured: |
All Monies |
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Charge 7 |
|
|
Charge Number: |
C200811327 |
|
Date of
Registration: |
|
|
Name: |
Citibank N.A. |
|
Amount Secured: |
All Monies |
|
Charge 8 |
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|
Charge Number: |
C200901237 |
|
Date of
Registration: |
|
|
Name: |
Standard
Chartered Bank |
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Amount Secured: |
All Monies |
|
Charge 9 |
|
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Charge Number: |
C201003288 |
|
Date of
Registration: |
|
|
Name: |
Standard
Chartered Bank |
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Amount Secured: |
All Monies |
|
Charge 10 |
|
|
Charge Number: |
C201011672 |
|
Date of
Registration: |
|
|
Name: |
DBS Bank Ltd. |
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Amount Secured: |
All Monies |
|
Name |
Mr. Zhang |
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.55.44 |
|
UK Pound |
1 |
Rs.89.31 |
|
Euro |
1 |
Rs.71.61 |
INFORMATION DETAILS
|
Report
Prepared by : |
PRL |
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.