|
Report Date : |
11.06.2013 |
IDENTIFICATION DETAILS
|
Name : |
OVERSEAS VENTURES PTE LTD |
|
|
|
|
Registered Office : |
141 Cecil Street #02-03 Tung Ann Asociation Building Singapore 069541 |
|
|
|
|
Country : |
Singapore |
|
|
|
|
Date of Incorporation : |
14.10.1989 |
|
|
|
|
Com. Reg. No.: |
198904484Z |
|
|
|
|
Legal Form : |
Limited Exempt Private Company |
|
|
|
|
Line of Business : |
General wholesale trade (including general importers and exporters) Wholesale on a fee or contract basis (eg commission
agents) |
|
|
|
|
No. of Employees : |
Not Available |
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, 2013
|
Country Name |
Previous Rating (31.12.2012) |
Current Rating (31.03.2013) |
|
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 0.8% in 2009 as a result of the global financial crisis, but
rebounded 14.8% in 2010, on the strength of renewed exports, before slowing to
5.2% in 2011 and 1.3% in 2012, largely a result of soft demand for exports
during the second European recession. Over the longer term, the government
hopes to establish a new growth path that focuses on raising productivity,
which has sunk to an average of about 1.0% 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: |
Overseas Ventures Pte Ltd |
|
Supplied Name: |
|
|
Supplied
Address: |
|
|
Fax Number: |
|
Notes: Subject’s exact name and address are as
above.
|
Credit Opinion: |
|
Registered Name: |
|
|
Registered
Address: |
141 Cecil Street #02-03 Tung Ann Asociation Building Singapore 069541 |
|
Date of
Registration:: |
|
|
Registered
Number: |
198904484Z |
|
Country of
Incorporation: |
Singapore |
|
Registered
Capital: |
SGD 3,000,000
(USD 2,416,800) (As of 2012.08, 1
SGD = 0.8056 USD) |
|
Paid-up Capital: |
SGD 3,000,000
(USD 2,416,800) = 3,000,000 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) |
|
N/A |
|
|
Status: |
Live Company |
|
Listed at Stock
Exchange: |
No |
|
Date of Last
Annual Return: |
|
Notes: Subject declined to disclose the staff number; from other source we can not obtain the relevant information, either.
Subject was incorporated on
|
Subscription
Amount |
Proportion of
Investment (%) |
|
|
Anup Kumar Roy |
1 |
-- |
|
Amitava Roy |
2,999,999 |
100% |
|
Total |
3,000,000 |
100% |
Major Shareholder
Information:
|
1 |
|
|
Name: |
Anup Kumar Roy |
|
ID Number: |
056859224 |
|
Address: |
36572 Derby Downs Drive, Solon, Ohio 44139 USA |
|
2 |
|
|
Name: |
Amitava Roy |
|
ID Number: |
S |
|
Address: |
1 Anderson Road #04-13 Shangri-La Apartments, The
Singapore 259983 |
Subject did not introduce whether it has any subsidiaries or branches, from other source we can not obtain the relevant information, either.
Detailed
Information of Management:
|
1 |
|
|
Name: |
Amitava Roy |
|
Position: |
Director |
|
ID Number: |
S |
|
Address: |
1 Anderson Road #04-13 Shangri-La Apartments, The
Singapore 259983 |
|
Nationality: |
Singapore P.R. |
|
Date of Appointment: |
|
|
2 |
|
|
Name: |
Amitava Roy |
|
Position: |
Managing Director |
|
ID Number: |
S |
|
Address: |
1 Anderson Road #04-13 Shangri-La Apartments, The
Singapore 259983 |
|
Nationality: |
Singapore P.R. |
|
Date of Appointment: |
|
|
3 |
|
|
Name: |
Satvinder Kaur Hans |
|
Position: |
Director |
|
ID Number: |
S |
|
Address: |
6 Eaton Walk Singapore 799811 |
|
Nationality: |
Singapore Citizen |
|
Date of Appointment: |
|
|
4 |
|
|
Name: |
Helen Campos |
|
Position: |
Secretary |
|
ID Number: |
S |
|
Address: |
10 Mei Hwan Drive Golden Hill Estate Singapore
568349 |
|
Nationality: |
Singapore Citizen |
|
Date of Appointment: |
|
Offices
& Factories
|
|
Office |
|
Address: |
Production
Information
l
Subject is a trader of minerals and metal scraps
without production activities itself.
Purchase
Information
l Subject purchases
minerals and metal scraps mainly abroad but subject’s relevant staff declined
to disclose the original place.
Sales
Information
l Subject is engaged
in trading of minerals and metal scraps, etc
l
Subject’s products are both sold in domestic and
overseas market.
l
Subject’s major customers are recycling factories,
etc
Purchase
Domestic Markets
Subject has little
domestic purchase
Overseas Markets
|
Products |
Payment Terms |
Proportion |
|
Minerals and
metal scraps, etc |
CBD, etc |
100% |
Domestic Markets
|
Sales Terms |
Proportion |
|
|
Minerals and metal scraps, etc |
CBD, etc |
100% |
Overseas Markets
|
Product |
Sales Terms |
Proportion |
|
Minerals and metal scraps, 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 any financials of subject from the local
registry, the subject also declined to disclose such information due to the
confidentiality reason.
Subject declined to disclose its bank details, from other source we can not
obtain the relevant information, either.
|
Name: |
LTC LLP |
|
Name: |
N/A |
Notes: Subject's staff declined to disclose her name.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.57.78 |
|
UK Pound |
1 |
Rs.89.71 |
|
Euro |
1 |
Rs.76.23 |
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.