MIRA INFORM REPORT

 

 

Report Date :

27.09.2012

 

IDENTIFICATION DETAILS

 

Name :

RVJ GLOBAL PRIVATE LIMITED

 

 

 

 

Registered Office :

7 TEMASEK BOULEVARD #21-02 SUNTEC TOWER ONE SINGAPORE 038987

 

 

 

 

Country :

Singapore

 

 

 

 

Financials (as on) :

30.06.2011

 

 

 

 

Date of Incorporation :

08.12.2005

 

 

 

 

Com. Reg. No.:

200517079R

 

 

 

 

Legal Form :

Limited Exempt Private Company

 

 

 

 

Line of Business :

General Wholesale Trade (Including General Importers And Exporters)

 

 

 

 

No. of Employees :

Not Available

 

 

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 – 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:

Registered Number:

RVJ GLOBAL PRIVATE LIMITED

200517079R

 

Date Incorporated:

Registered Office:

Telephone Number:

08/12/2005

7 TEMASEK BOULEVARD #21-02 SUNTEC TOWER ONE SINGAPORE 038987

6334 6868

Age of Company:

Website:

Industry Type:

7

NA

COMMERCE-WHOLESALE

 

 

Risk Dashboard

Days Beyond Terms

Trend:

No. of Litigation Counts:

Company DTC:

NA

NA

The entity is paying current to the creditors

No. of Charges(s):
0

Industry DTC

 

24

 

Directors

 

Corporate Structure

Number of Current Directors

1

Holding Company:

NA

Number that are shareholders

1

No. of Subsidiaries & Associated Companies:

NA

 

EXECUTIVE SUMMARY

 

Company Name

:

RVJ GLOBAL PRIVATE LIMITED

Registration No

:

200517079R

Date of Registration

:

08/12/2005

Former Name

:

NA

Date of Change of Name

:

NA

Type of Company

:

LIMITED EXEMPT PRIVATE COMPANY

Registered Address

:

7 TEMASEK BOULEVARD #21-02 SUNTEC TOWER ONE SINGAPORE 038987

Date of Change of Address

:

17/11/2008

Contact No.

:

63346868

Fax No.

:

NA

Website

:

NA

Registered Activities

:

GENERAL WHOLESALE TRADE (INCLUDING GENERAL IMPORTERS AND EXPORTERS)

Issued Ordinary Capital*

:

$2,002.00 SINGAPORE, DOLLARS ,NO. OF SHARE : 2,002

Issued Preference Capital

:

NA

Paid-Up Ordinary Capital

:

$2,002.00 SINGAPORE, DOLLARS

Paid-Up Preference Capital

:

NA

* Number of Shares includes number of Issued Treasury Shares

Issued Treasury Capital

:

NA

Paid-Up Treasury Capital

:

NA

No. of Local Subsidiaries

:

NA

No. of Local Associates

:

NA

Auditor

:

T RAVI & CO.

Bankers / Financiers

:

NA

Turnover

:

SINGAPORE, DOLLARS 245,177,081.58 (FY2011)

Net Worth

:

SINGAPORE, DOLLARS 1,040,503.07 (FY2011)

No. of Bank Charges

:

NA

No. of Litigation Suits

:

NA

S1000 / SME 1000 / FG50 Ranking

:

70 POSITION IN SME 1000 Companies Ranked by Sales/Turnover (2009/2010)

Compounded Annual Growth Rate (CAGR)

:

NA

 

 

SHAREHOLDER DETAILS

 

NAME

:

PALANINATHAN RAVICHANDRAN

SHAREHOLDER ID

:

S2628609C

NATIONALITY

:

SINGAPORE CITIZEN

ADDRESS

:

68 BAYSHORE ROAD #21-02 COSTA DEL SOL SINGAPORE 469986

NO. OF ORD SHARES

:

2,002

% OF SHAREHOLDING

:

100%

CURRENCY

:

SINGAPORE, DOLLARS

 

 

OFFICER DETAILS

 

NAME

:

THEERTHAM RAVICHANDRAN

ADDRESS

:

97 BELIMBING AVENUE OASIS @ MULBERRY SINGAPORE 347488

POSITION

:

SECRETARY

DATE OF APPT

:

01/09/2009

NATIONALITY

:

SINGAPORE CITIZEN

I/C PASSPORT

:

S2615148A

 

NAME

:

PALANINATHAN RAVICHANDRAN

ADDRESS

:

68 BAYSHORE ROAD #21-02 COSTA DEL SOL SINGAPORE 469986

POSITION

:

DIRECTOR

DATE OF APPT

:

08/12/2005

NATIONALITY

:

SINGAPORE CITIZEN

I/C PASSPORT

:

S2628609C

 

 

KEY PERSONNEL PROFILE

 

Name:

PALANINATHAN RAVICHANDRAN

NRIC Number:

S2628609C

Available Address:

68 BAYSHORE ROAD #21-02 COSTA DEL SOL  SINGAPORE 469986

 

 

Current Business Interest

 

No.

Name

Position

Appt Date

#of Share

%

1

AYANA-LOGIS PTE. LTD.

SECRETARY

04/01/2007

-

-

2

CHAKRA GLOBAL PTE. LTD.

DIRECTOR

12/02/2010

10000

100.00

3

COAL PULSE PTE. LTD.

SECRETARY

03/07/2007

-

-

4

CROWSNEST RESOURCES PTE. LTD.

DIRECTOR

18/01/2010

-

-

5

GRM COAL (SEA) PTE. LTD.

DIRECTOR

08/02/2011

-

-

6

GRM GOLD AND METALS (SEA) PTE. LTD.

DIRECTOR

08/02/2011

-

-

7

GRM METALS AND MINERALS (SEA) PTE. LTD.

DIRECTOR

08/02/2011

-

-

8

GRM MINING (AFRICA) PTE. LTD.

DIRECTOR

23/02/2011

-

-

9

GRM MINING (SEA) PTE. LTD.

DIRECTOR

08/02/2011

-

-

10

GRM RESOURCES PTE. LTD.

DIRECTOR

28/05/2005

-

-

11

GRM SHIPPING PRIVATE LIMITED

DIRECTOR

09/05/2008

-

-

12

ISHA BUSINESS PRIVATE LIMITED (SINGAPORE BRANCH)

AGENT

30/12/2010

-

-

13

JHT WALKER & PRICE HOUSE PTE. LTD.

DIRECTOR

25/02/2010

100000

100.00

14

KLAXON INTERNATIONAL PTE. LTD.

DIRECTOR

01/02/2006

150000

100.00

15

MEGA VENTURE HOLDINGS PTE. LTD.

DIRECTOR

23/10/2007

-

-

16

MOUNTAIN PATH PTE. LTD.

SHAREHOLDER

-

3000

0.91

17

RVJ CONSULTANTS PRIVATE LIMITED

DIRECTOR

20/08/2004

5001

100.00

18

RVJ GLOBAL PRIVATE LIMITED

DIRECTOR

08/12/2005

2002

100.00

19

SJ FASHION PTE. LTD.

SECRETARY

13/05/2011

30000

50.00

20

VITHOBA GLOBAL PRIVATE LIMITED

DIRECTOR

17/10/2011

2000

100.00

 

 

Previous Business

 

No.

Name

 

 

Status

Position

Appt Date

Last Known Inactive Date

1

AIPL PTE LTD

LIVE COMPANY

DIRECTOR

27/07/1999

15/09/2000

2

BHAIRAVI GLOBAL PTE. LTD.

LIVE COMPANY

DIRECTOR/SHR

12/04/2012

22/06/2012

3

BRIDGESTONE ENTERPRISE PRIVATE LIMITED

STRUCK OFF

DIRECTOR

18/09/2006

08/07/2009

4

BRIDGESTONE ENTERPRISE PRIVATE LIMITED

STRUCK OFF

SECRETARY

18/09/2006

20/10/2006

5

BRIDGESTONE ENTERPRISE PRIVATE LIMITED

STRUCK OFF

SHAREHOLDER

-

-

6

CEE VEE SOLUTIONS PRIVATE LIMITED

STRUCK OFF

DIRECTOR

22/09/2006

08/07/2009

7

EMBARK PTE. LTD.

STRUCK OFF

DIRECTOR

05/04/2006

10/06/2008

8

EXCEL GLOBAL (SEA) RESOURCES PTE. LTD.

STRUCK OFF

DIRECTOR

30/08/2007

08/07/2009

9

FIRESOLE CONSULTANTS PRIVATE LIMITED

STRUCK OFF

DIRECTOR

12/09/2006

06/11/2009

10

FIRESOLE CONSULTANTS PRIVATE LIMITED

STRUCK OFF

SHAREHOLDER

-

-

11

G2G ALLIANCE PTE. LTD.

STRUCK OFF

DIRECTOR

27/06/2006

04/04/2008

12

G2G ALLIANCE PTE. LTD.

STRUCK OFF

SECRETARY

27/06/2006

04/04/2008

13

G2G ALLIANCE PTE. LTD.

STRUCK OFF

SHAREHOLDER

-

-

14

GREEN EARTH ASSOCIATES PTE. LTD.

STRUCK OFF

SECRETARY

18/07/2007

06/06/2009

15

GRM RESOURCES PTE. LTD.

LIVE COMPANY

SECRETARY

28/05/2005

24/11/2006

16

GRM SHIPPING PRIVATE LIMITED

LIVE COMPANY

SECRETARY

09/05/2008

02/01/2009

17

I D E ACADEMY PTE. LTD.

LIVE COMPANY

SECRETARY

30/08/2005

15/03/2007

18

IBAS RVJ CONSULTANTS PRIVATE LIMITED

STRUCK OFF

DIRECTOR

18/09/2006

05/06/2008

19

IBAS RVJ CONSULTANTS PRIVATE LIMITED

STRUCK OFF

SECRETARY

18/09/2006

05/06/2008

20

IBAS RVJ CONSULTANTS PRIVATE LIMITED

STRUCK OFF

SHAREHOLDER

-

-

21

ICSA INTERNATIONAL PRIVATE LIMITED

LIVE COMPANY

DIRECTOR

03/01/2007

12/02/2008

22

ICSA INTERNATIONAL PRIVATE LIMITED

LIVE COMPANY

SECRETARY

03/01/2007

17/07/2009

23

MAGNUM BUSINESS SERVICES PTE. LTD.

LIVE COMPANY

DIRECTOR/SHR

02/07/2008

12/07/2012

24

MEGA VENTURE HOLDINGS PTE. LTD.

LIVE COMPANY

SHAREHOLDER

-

10/05/2012

25

MEWAT INTERNATIONAL PTE LTD

LIVE COMPANY

DIRECTOR

24/06/1997

29/10/1997

26

MIND PLAY ( SINGAPORE) PTE. LTD.

STRUCK OFF

SECRETARY

11/10/2007

09/04/2009

27

MOUNTAIN PATH PTE. LTD.

LIVE COMPANY

DIRECTOR

26/04/2006

27/11/2007

28

MOUNTAIN PATH PTE. LTD.

LIVE COMPANY

SECRETARY

26/04/2006

16/07/2009

29

MSPL PTE. LTD.

STRUCK OFF

SECRETARY

21/10/2006

10/05/2010

30

RABAAN (S) PTE. LTD.

LIVE COMPANY

DIRECTOR

25/03/2008

08/01/2009

31

SINCOM IMPEX PRIVATE LIMITED

STRUCK OFF

SECRETARY

21/10/2006

04/06/2010

32

SPM HOLDINGS PTE. LTD.

LIVE COMPANY

DIRECTOR

19/03/2008

08/01/2009

33

STELLAR GLOBAL PTE. LTD.

STRUCK OFF

DIRECTOR

13/11/2007

01/06/2008

34

STELLAR GLOBAL PTE. LTD.

STRUCK OFF

SECRETARY

13/11/2007

01/06/2008

35

STOCC INTERNATIONAL PTE. LTD.

LIVE COMPANY

DIRECTOR

10/02/2006

16/11/2007

36

STOCC INTERNATIONAL PTE. LTD.

LIVE COMPANY

SECRETARY

10/02/2006

09/01/2009

37

SURYAA HOLDINGS PTE. LTD.

STRUCK OFF

DIRECTOR

10/11/2006

29/12/2008

38

SURYAA HOLDINGS PTE. LTD.

STRUCK OFF

SHAREHOLDER

-

-

39

UNIVA TECHNOLOGIES PTE. LIMITED

LIVE COMPANY

SECRETARY

13/09/2004

10/08/2005

40

VIEWQWEST PRIVATE LIMITED

LIVE COMPANY

DIRECTOR

27/04/1999

15/09/2000

41

VISTAAR SHIPPING (PTE.) LIMITED

LIVE COMPANY

DIRECTOR

22/01/2008

04/05/2010

42

VISTAAR SHIPPING (PTE.) LIMITED

LIVE COMPANY

SECRETARY

06/02/2008

10/07/2008

43

VISTAAR SHIPPING SERVICES (PTE.) LIMITED

LIVE COMPANY

DIRECTOR/SHR

02/07/2008

06/06/2012

Bankruptcy Record

 

Case No.

Year

Date of Filing

Petitioner Name

Amount

No Trace

 

 

 

 

 

 

Litigation Search – Writ of Summons

 

Court

Case No.

Transfer

Year

Date of Filing

Amount

Cause Category

No Trace

 

 

 

 

 

 

 

 

SUBSIDIARIES AND ASSOCIATE COMPANIES

 

Company

Shareholdings (%)

 

NA

 

                                                                                                                       

 

BANKERS/ FINANCIERS

 

Subject enjoys a normal banking routine with its bankers. To date, there are no bank charges registered against Subject by its bankers.

           

 

LITIGATION

 

Clear

 

 

COMPLIANCE

 

Date of Last AGM

:

30/11/2011

Date of Last AR

:

30/12/2011

Date of A/C Laid At Last AGM

:

30/06/2011
 

COMPLIANCE RATING FOR ANNUAL FILING

 

ANNUAL GENERAL MEETING,ANNUAL RETURN AND ACCOUNTS UP-TO-DATE

 

Note:

Provided by ACRA (Accounting and Corporate Regulatory Authority), the Compliance Rating for Annual Filing measures a company’s compliance with the provisions under S175, S197 or S201 of the Companies Act, Cap. 50.

 

Applicable to all “Live” locally incorporated companies except for the Limited Partnerships, Limited Liability Partnerships, Business Entities, Foreign Companies and Public Accounting Firms, the rating provide information on whether a company is up-to-date with the holding of its Annual General Meeting (AGM) with up-to-date financial statements and filing of its Annual Return (AR).

 

For more information: www.acra.gov.sg/compliance

 

 

FINANCIAL HIGHLIGHTS

 

Financial Figures

Company

 

JUN 2011

% Change

JUN 2010

AUG 2009

Currency

SINGAPORE, DOLLARS

 

SINGAPORE, DOLLARS

SINGAPORE, DOLLARS

Profit and Loss Key Figures

 

 

 

 

Turnover

245,177,082

74.29

140,674,828

67,091,735

Profit/(Loss) Before Tax

1,187,630

105.44

578,085

277,674

Profit After Tax attributable

 to Shareholders

1,008,944

101.14

501,618

252,584

 

 

 

 

 

Balance Sheet Key Figures

 

 

 

 

Total Assets

5,128,337

1,347.59

354,267

773,727

Current Assets

5,128,337

1,347.59

354,267

773,727

Non Current Assets

0

NA

0

0

 

 

 

 

 

Total Liabilities

4,087,834

3,661.61

108,672

156,673

Current Liabilities

4,087,834

3,661.61

108,672

156,673

Non Current Liabilities

0

NA

0

0

 

 

 

 

 

Shareholders' Funds

1,040,503

323.67

245,594

617,055

Share Capital

1,779

-8.48

1,944

2,038

Total Reserves

1,038,724

326.32

243,650

615,016

 

 

 

 

 

 

 

 

FINSANCIAL RATIOS    

 

 

Company

 

JUN 2011

JUN 2010

AUG 2009

Growth %

 

 

 

Year-on-Year Growth

74.29

109.68

NA

 

 

 

 

Profitability

 

 

 

Profit Margin (%)

0.41

0.36

0.38

Return on Equity (%)

96.97

204.25

40.93

Return on Assets (%)

19.67

141.59

32.65

 

 

 

 

Leverage

 

 

 

Total Debt/Equity (Times)

3.93

0.44

0.25

Current Debt/Equity (Times)

3.93

0.44

0.25

Long Term Debt To Equity (Times)

0.00

0.00

0.00

Total Asset To Total Equity (Times)

4.93

1.44

1.25

 

 

 

 

Asset Management

 

 

 

Total Assets Turnover (Times)

47.81

397.09

86.71

Fixed Assets Turnover (Times)

0.00

0.00

0.00

 

 

 

 

Liquidity

 

 

 

Current Ratio (Times)

1.25

3.26

4.94

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

FINANCIAL COMMENTARY

 

Profitability

The company yielded a rate of net profit on sales of 0.41 per cent in FY11 (FY10: 0.36 per cent). The company is now able to book in SINGAPORE, DOLLARS 0.00 of profit for every SINGAPORE, DOLLARS of sales in FY11, as compared with SINGAPORE, DOLLARS 0.00 a year ago.

 

Liquidity

Current ratio stood at 1.25 times in FY11 (FY10: 3.26 times). This means that the company has SINGAPORE, DOLLARS 1.25 of current assets for every SINGAPORE, DOLLARS of current liability incurred.

 

A minimum figure of 1.0 would be considered the lowest limit that this figure should reach. Any business that has a current ratio near 1.0 may be heading for liquidity problems, and would need to be closely monitored. A figure greater than 2.0 would be more desirable, to act as a buffer against any short-term liquidity problems, and give creditors/bank managers a degree of comfort when granting credit/finance.

 

FINANCIAL COMMENTARY

Leverage

Total debt-to-equity ratio notched 3.93 times in FY11, compared with 0.44 times in FY10. This means that the company requires additional external financing of SINGAPORE, DOLLARS 3.93 for every SINGAPORE, DOLLARS injected into its operations.

 

Generally, a total debt-to-equity ratio of less than 0.5 times is preferred. The ratio measures the proportion of the company's reliance on external debt for financing, relative to the shareholder's fund. A lower ratio would imply a greater financial safety and operating freedom for the company.

 

Efficiency Ratio

Return on equity was 96.97 per cent for Subject in the current financial period, as compared to 204.25 per cent a year ago. The return on equity measures the return earned on the owner's investment.  Generally, the higher this return, the better off the owner.

 

Return on assets stood at 19.67 per cent (FY10: 141.59 per cent). The return on asset measures the overall effectiveness of management in generating profit with its available assets.

 

Total assets turnover ratio logged at 47.81 times in FY11 (FY10: 397.09 times). This ratio measures the company's ability to make productive use of its total assets to generate sales which reflects the efficiency of the management in utilising its resources.

 

FOREIGN EXCHANGE RATES

 

Currency
Unit

Indian Rupees

US Dollar

1

Rs.53.58

UK Pound

1

Rs.86.60

Euro

1

Rs.68.94

 

 

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%)

 

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.