|
Report No. : |
344229 |
|
Report Date : |
10.10.2015 |
IDENTIFICATION DETAILS
|
Name : |
DHATU INTERNATIONAL PTE. LTD. |
|
|
|
|
Registered Office : |
144, Robinson Road, 17-01, Robinson Square, 068908 |
|
|
|
|
Country : |
Singapore |
|
|
|
|
Date of Incorporation : |
07.03.2005 |
|
|
|
|
Com. Reg. No.: |
200502960-R |
|
|
|
|
Legal Form : |
Exempt Private |
|
|
|
|
Line of Business : |
Subject is engaged in wholesale of metals and metal ores |
|
|
|
|
No. of Employee : |
5 [2015] |
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 : |
Unknown |
|
|
|
|
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 31, 2015
|
Country Name |
Previous Rating (31.12.2014) |
Current Rating (31.03.2015) |
|
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. Unemployment is very low. The economy depends heavily on exports, particularly of consumer electronics, information technology products, medical and optical devices, pharmaceuticals, and on its vibrant transportation, business, and financial services sectors. The economy contracted 0.6% in 2009 as a result of the global financial crisis, but has continued to grow since 2010 on the strength of renewed exports. Growth in 2014 was slower at 2.9%, largely a result of soft demand for exports amid a sluggish global economy and weak growth in Singapore’s manufacturing sector. The government is attempting to restructure Singapore’s economy by weaning its dependence on foreign labor, addressing weak productivity, and increasing Singaporean wages. Singapore has attracted major investments in pharmaceuticals and medical technology production and will continue efforts to strengthen its position as Southeast Asia's leading financial and high-tech hub. Singapore is a member of the 12-nation Trans-Pacific Partnership free trade negotiations, the Regional Comprehensive Economic Partnership negotiations with the nine other ASEAN members plus Australia, China, India, Japan, South Korea and New Zealand, and in 2015, Singapore will form, with the other ASEAN members, the ASEAN Economic Community.
|
Source
: CIA |
EXECUTIVE
SUMMARY
|
|
REGISTRATION
NO. |
: |
200502960-R |
||||
|
COMPANY
NAME |
: |
DHATU
INTERNATIONAL PTE. LTD. |
||||
|
FORMER
NAME |
: |
N/A |
||||
|
INCORPORATION
DATE |
: |
07/03/2005 |
||||
|
COMPANY
STATUS |
: |
EXIST |
||||
|
LEGAL
FORM |
: |
EXEMPT
PRIVATE |
||||
|
LISTED
STATUS |
: |
NO |
||||
|
REGISTERED
ADDRESS |
: |
144,
ROBINSON ROAD, 17-01, ROBINSON SQUARE, 068908, SINGAPORE. |
||||
|
BUSINESS
ADDRESS |
: |
NO
144 ROBINSON ROAD, 17-1 ROBINSON SQUARE, 068908, SINGAPORE. |
||||
|
TEL.NO. |
: |
65-62244450 |
||||
|
FAX.NO. |
: |
65-62245059 |
||||
|
CONTACT
PERSON |
: |
CHOPRA
DEEPA ( DIRECTOR ) |
||||
|
PRINCIPAL
ACTIVITY |
: |
WHOLESALE
OF METALS AND METAL ORES |
||||
|
ISSUED
AND PAID UP CAPITAL |
: |
2,227,044.00
ORDINARY SHARE, OF A VALUE OF SGD 2,227,044.00 |
||||
|
SALES |
: |
N/A |
||||
|
NET
WORTH |
: |
N/A |
||||
|
STAFF
STRENGTH |
: |
5
[2015] |
||||
|
||||||
|
LITIGATION |
: |
CLEAR |
||||
|
FINANCIAL
CONDITION |
: |
N/A |
||||
|
PAYMENT |
: |
N/A |
||||
|
MANAGEMENT
CAPABILITY |
: |
AVERAGE |
||||
|
COMMERCIAL
RISK |
: |
MODERATE |
||||
|
CURRENCY
EXPOSURE |
: |
MODERATE |
||||
|
GENERAL
REPUTATION |
: |
SATISFACTORY |
||||
|
INDUSTRY
OUTLOOK |
: |
AVERAGE
GROWTH |
||||
HISTORY
/ BACKGROUND
|
The Subject is an exempt private company
whose shares are not held by any corporate body and has no more than 20 shareholders
who are all natural persons. An exempt company is a type of private limited
company. A private limited company is a separate legal entity from its
shareholders. As a separate legal entity, the Subject is capable of owning
assets, entering into contracts, suing or be sued by other companies. An exempt
private company with an annual turnover of less than SGD5 million are exempted
from statutory auditing requirements. Instead of filing audited annual
accounts, the Subject has to file in a document duly signed by its director in
charge of its finance and the company secretary stating that the Subject is
able to meet all its obligations as and when they fall due. The Subject is not
required to have their accounts audited. However, the Subject will prepare
unaudited accounts for purposes of AGMs and filing with Registry Office if it
is unable to meet all its obligations as and when they fall due .
The Subject is principally engaged in the (as
a / as an) wholesale of metals and metal ores.
Share
Capital History
|
Date |
Issue
& Paid Up Capital |
|
08/10/2015 |
SGD
2,227,044.00 |
The
major shareholder(s) of the Subject are shown as follows :
Current Shareholder(s) :
|
Name |
Address |
IC/PP/Loc
No |
Shareholding |
(%) |
|
MR.
CHOPRA DEEPA + |
97,
ROBERTSON QUAY, 26-06, RIVERGATE, 238257, SINGAPORE. |
S8381639B |
1,458,922.00 |
65.51 |
|
ABHISHEK
CHOPRA + |
97,
ROBERTSON QUAY, 26-06, RIVERGATE, 238257, SINGAPORE. |
S8164337G |
768,122.00 |
34.49 |
|
--------------- |
------ |
|||
|
2,227,044.00 |
100.00 |
|||
|
============ |
===== |
+
Also Director
DIRECTORS
|
DIRECTOR
1
|
Name
Of Subject |
: |
ABHISHEK
CHOPRA |
|
Address |
: |
97,
ROBERTSON QUAY, 26-06, RIVERGATE, 238257, SINGAPORE. |
|
IC
/ PP No |
: |
S8164337G |
|
Nationality |
: |
SINGAPOREAN |
|
Date
of Appointment |
: |
11/07/2006 |
DIRECTOR
2
|
Name
Of Subject |
: |
MR.
CHOPRA DEEPA |
|
Address |
: |
97,
ROBERTSON QUAY, 26-06, RIVERGATE, 238257, SINGAPORE. |
|
IC
/ PP No |
: |
S8381639B |
|
Nationality |
: |
SINGAPOREAN |
|
Date
of Appointment |
: |
16/07/2013 |
MANAGEMENT
|
|
1)
|
Name
of Subject |
: |
CHOPRA
DEEPA |
|
Position |
: |
DIRECTOR |
|
|
|
AUDITOR
|
|
Auditor |
: |
J
WONG & ASSOCIATES PAC |
|
Auditor'
Address |
: |
N/A |
|
1)
|
Company
Secretary |
: |
HELEN
CAMPOS |
|
IC
/ PP No |
: |
S1318008C |
|
|
Address |
: |
10,
MEI HWAN DRIVE, GOLDEN HILL ESTATE, 568349, SINGAPORE. |
|
|
|
BANKING
|
Banking relations are maintained principally with :
|
1)
|
Name |
: |
CITIBANK
N.A. |
|
2)
|
Name |
: |
MALAYAN
BANKING BHD |
|
3)
|
Name |
: |
INDIAN
OVERSEAS BANK |
|
4)
|
Name |
: |
UCO
BANK |
ENCUMBRANCE
(S)
|
|
Charge
No |
Creation
Date |
Charge
Description |
Chargee
Name |
Total
Charge |
Status |
|
C201012042 |
13/12/2010 |
ALL
MONIES |
CITIBANK
N.A. |
- |
Unsatisfied |
|
C201101362 |
28/01/2011 |
ALL
MONIES |
INDIAN
OVERSEAS BANK |
- |
Unsatisfied |
|
C201105963 |
18/05/2011 |
ALL
MONIES |
MALAYAN
BANKING BERHAD |
- |
Unsatisfied |
|
C201105976 |
18/05/2011 |
ALL
MONIES |
MALAYAN
BANKING BERHAD |
- |
Unsatisfied |
|
C201108910 |
21/07/2011 |
ALL
MONIES |
AUSTRALIA
AND NEW ZEALAND BANKING GROUP LIMITED |
- |
Unsatisfied |
|
C201203320 |
27/03/2012 |
ALL
MONIES |
MALAYAN
BANKING BERHAD |
- |
Unsatisfied |
|
C201317072 |
19/12/2013 |
ALL
MONIES |
UCO
BANK |
- |
Unsatisfied |
|
C201404225 |
28/04/2014 |
ALL
MONIES |
CITIBANK
N.A. |
- |
Unsatisfied |
|
C201413433 |
28/11/2014 |
ALL
MONIES |
AUSTRALIA
AND NEW ZEALAND BANKING GROUP LIMITED |
- |
Unsatisfied |
|
C201510954 |
25/09/2015 |
ALL
MONIES |
MALAYAN
BANKING BERHAD |
- |
Unsatisfied |
LITIGATION
CHECK AGAINST SUBJECT
|
* A check has been conducted in our databank againt the Subject whether the
subject has been involved in any litigation.
No legal action was found in our databank.
No winding up petition was found in our databank.
PAYMENT
RECORD
|
|
||
|
SOURCES
OF RAW MATERIALS: |
||
|
Local |
: |
N/A |
|
Overseas |
: |
N/A |
The Subject refused to disclose its suppliers.
CLIENTELE
|
|
Local |
: |
YES |
|
||
|
Domestic
Markets |
: |
SINGAPORE |
|
||
|
Overseas |
: |
YES |
|
||
|
Export
Market |
: |
WORLDWIDE |
|
||
|
Credit
Term |
: |
N/A |
|
||
|
Payment
Mode |
: |
CHEQUES |
|
||
OPERATIONS
|
|
Goods
Traded |
: |
METALS
AND METAL ORES |
|
|
Total
Number of Employees: |
|
||
|
YEAR |
2015 |
2014 |
2013 |
|
GROUP |
N/A |
N/A |
N/A |
|
COMPANY |
5 |
5 |
6 |
|
Branch |
: |
NO |
Other
Information:
The Subject is principally engaged in the (as a / as an) wholesale of metals
and metal ores.
The Subject noticeable chain of command gives
operations with required discretion, thus creating a platform for the customers
and vendors to interrelate dependably. It works towards achieveing one of the
major facilitators for eminent metal scrap, in the near future. Its team's
ability of cognizant scheduling and aerial perspective of the international
market movements, it delivers the solutions to succeed.
Majority of the volumes of operations are
contributed by business associates dealing HMS, re-rollables, semis, plates and
carbon steel shredded scrap.
The guiding strength of this company is 'to
maintain quality and fair-trading practices'.
CURRENT
INVESTIGATION
|
Latest
fresh investigations carried out on the Subject indicated that :
|
Telephone
Number Provided By Client |
: |
N/A |
|
Current
Telephone Number |
: |
65-62244450 |
|
Match |
: |
N/A |
|
Address
Provided by Client |
: |
NO
144 ROBINSON ROAD, 17-1 ROBINSON SQUARE SINGAPORE 068908 |
|
Current
Address |
: |
NO
144 ROBINSON ROAD, 17-1 ROBINSON SQUARE, 068908, SINGAPORE. |
|
Match |
: |
YES |
|
We have contacted the Subject's Accountant and
its Company Secretary for the latest financial accounts. However they have
rejected our request in view of the confidentiality of the documents. |
||
Other
Investigations
We
contacted one of the staff from the Subject and she provided some information.
FINANCIAL
ANALYSIS
|
|
The Subject is a private exempt company
which does not need to file in its accounts with the Registrar of Companies
for the information of the public. Therefore, we are not able to comment on
the Subject's financial performance. |
||||||
|
Overall
financial condition of the Subject : N/A |
||||||
SINGAPORE
ECONOMIC / INDUSTRY OUTLOOK
|
|
Major
Economic Indicators : |
2010 |
2011 |
2012 |
2013 |
2014 |
|
|
|||||
|
Population
(Million) |
5.08 |
5.18 |
5.31 |
5.40 |
5.47 |
|
Gross
Domestic Products ( % ) |
14.5 |
4.9 |
1.3 |
3.7 |
(3.5) |
|
Consumer
Price Index |
2.8 |
5.2 |
4.6 |
2.4 |
2.4 |
|
Total
Imports (Million) |
423,221.8 |
459,655.1 |
474,554.0 |
466,762.0 |
463,779.1 |
|
Total
Exports (Million) |
478,840.7 |
514,741.2 |
510,329.0 |
513,391.0 |
518,922.7 |
|
|
|||||
|
Unemployment
Rate (%) |
2.2 |
2.1 |
2.0 |
1.9 |
1.9 |
|
Tourist
Arrival (Million) |
11.64 |
13.17 |
14.49 |
15.46 |
15.01 |
|
Hotel
Occupancy Rate (%) |
85.6 |
86.5 |
86.4 |
86.3 |
85.5 |
|
Cellular
Phone Subscriber (Million) |
1.43 |
1.50 |
1.52 |
1.97 |
1.98 |
|
|
|||||
|
Registration
of New Companies (No.) |
29,798 |
32,317 |
31,892 |
37,288 |
41,589 |
|
Registration
of New Companies (%) |
12.8 |
8.5 |
(1.3) |
9.8 |
11.5 |
|
Liquidation
of Companies (No.) |
15,126 |
19,005 |
17,218 |
17,369 |
18,767 |
|
Liquidation
of Companies (%) |
(32.5) |
25.6 |
9.4 |
(5.3) |
8.0 |
|
|
|||||
|
Registration
of New Businesses (No.) |
23,978 |
23,494 |
24,788 |
22,893 |
35,773 |
|
Registration
of New Businesses (%) |
(10.78) |
2.02 |
5.51 |
1.70 |
56.30 |
|
Liquidation
of Businesses (No.) |
24,211 |
23,005 |
22,489 |
22,598 |
22,098 |
|
Liquidation
of Businesses (%) |
2.8 |
(5) |
(2.2) |
0.5 |
(2.2) |
|
|
|||||
|
Bankruptcy
Orders (No.) |
1,537 |
1,527 |
1,748 |
1,992 |
1,757 |
|
Bankruptcy
Orders (%) |
(25.3) |
(0.7) |
14.5 |
14.0 |
(11.8) |
|
Bankruptcy
Discharges (No.) |
2,252 |
1,391 |
1,881 |
2,584 |
3,546 |
|
Bankruptcy
Discharges (%) |
(26.3) |
(38.2) |
35.2 |
37.4 |
37.2 |
|
|
|||||
|
INDUSTRIES
( % of Growth ) : |
|||||
|
Agriculture |
|||||
|
Production
of Principal Crops |
(0.48) |
4.25 |
3.64 |
- |
|
|
Fish
Supply & Wholesale |
(10.5) |
12.10 |
(0.5) |
- |
2.80 |
|
|
|||||
|
Manufacturing
* |
92.8 |
100.0 |
100.3 |
102.0 |
|
|
Food,
Beverages & Tobacco |
96.4 |
100.0 |
103.5 |
103.5 |
105.0 |
|
Textiles |
122.1 |
100.0 |
104.0 |
87.1 |
74.9 |
|
Wearing
Apparel |
123.3 |
100.0 |
92.1 |
77.8 |
49.5 |
|
Leather
Products & Footwear |
81.8 |
100.0 |
98.6 |
109.8 |
95.9 |
|
Wood
& Wood Products |
104.0 |
100.0 |
95.5 |
107.4 |
112.0 |
|
Paper
& Paper Products |
106.1 |
100.0 |
97.4 |
103.2 |
103.4 |
|
Printing
& Media |
103.5 |
100.0 |
93.0 |
86.1 |
80.3 |
|
Crude
Oil Refineries |
95.6 |
100.0 |
99.4 |
93.5 |
85.6 |
|
Chemical
& Chemical Products |
97.6 |
100.0 |
100.5 |
104.1 |
114.0 |
|
Pharmaceutical
Products |
75.3 |
100.0 |
109.7 |
107.2 |
115.7 |
|
Rubber
& Plastic Products |
112.3 |
100.0 |
96.5 |
92.9 |
92.8 |
|
Non-metallic
Mineral |
92.5 |
100.0 |
98.2 |
97.6 |
82.2 |
|
Basic
Metals |
102.2 |
100.0 |
90.6 |
76.5 |
98.3 |
|
Fabricated
Metal Products |
103.6 |
100.0 |
104.3 |
105.1 |
105.1 |
|
Machinery
& Equipment |
78.5 |
100.0 |
112.9 |
114.5 |
124.0 |
|
Electrical
Machinery |
124.1 |
100.0 |
99.3 |
108.5 |
121.3 |
|
Electronic
Components |
113.6 |
100.0 |
90.6 |
94.3 |
95.0 |
|
Transport
Equipment |
94.0 |
100.0 |
106.3 |
107.5 |
103.2 |
|
|
|||||
|
Construction |
14.20 |
20.50 |
28.70 |
- |
22.00 |
|
Real
Estate |
21.3 |
25.4 |
31.9 |
- |
145.1 |
|
|
|||||
|
Services |
|||||
|
Electricity,
Gas & Water |
4.00 |
7.00 |
6.30 |
- |
|
|
Transport,
Storage & Communication |
12.80 |
7.40 |
5.30 |
- |
14.20 |
|
Finance
& Insurance |
(0.4) |
8.90 |
0.50 |
- |
6.00 |
|
Government
Services |
9.70 |
6.90 |
6.00 |
- |
|
|
Education
Services |
(0.9) |
(1.4) |
0.30 |
- |
5.98 |
|
*
Based on Index of Industrial Production (2011 = 100) |
|||||
INDUSTRY
ANALYSIS
|
|
INDUSTRY
: |
TRADING |
|
The wholesale and retail trade sectors have
expanded by 2.0% in the third quarter of 2014, extending the 1.8 per cent
growth in the previous quarter. In 2013, the wholesale and retail sector
expanded by 5.0%, after declining by 1.4% the year before. Growth of the
sector was driven by the wholesale trade segment. |
|
|
The domestic wholesale trade index has
increased by 3.2% in the fourth quarter of 2013, moderating from the 6.6%
growth in the previous quarter. The slower growth was due to a decline in the
sales of furniture and household equipment (-12%) and petroleum and petroleum
products (-0.6%). For the full year, the domestic wholesale trade index grew
by 5.2% reversing the 2.2% decline in 2012. On the other hand, the foreign
wholesale trade index has increased by a slower pace of 5.6% in the fourth
quarter, compared to the 7.7% expansion in the preceding quarter. The
slowdown was due to a fall in the sales of telecommunication equipment and
computer (-3.8%) and petroleum and petroleum products (-2.5%). For the full
year, the growth of the foreign wholesale trade index moderated slightly to
8.6% from 9.1% in the previous year. |
|
|
In the fourth quarter of 2013, retail sales
volume fell by 6.2%, extending the 5.6% decline in the previous quarter. Excluding
motor vehicles, retail sales volume increased by 0.4%, a slower pace of
expansion as compared to the 1.6% gain in the preceding quarter. The sales
volume of motor vehicles fell by 33% in the fourth quarter of 2013, extending
the 32% decline in the previous quarter. Meanwhile, the sales of several
discretionary items also fell in the fourth quarter of 2013. For instance,
the sales of telecommunications apparatus and computers fell by 12%, while
the sales of furniture and household equipment declined by 5.4%. |
|
|
For the full year, retail sales volume
contracted by 4.3%, a reversal from the 1.3% expansion in 2012. Excluding
motor vehicle sales, the retail sales volume grew by 1.1% in 2013, slower than
the 1.7% increase in 2012. Watches and jewellery recorded the largest
increase (11%) in sales in 2013, followed by optical goods and book (3%) and
medical goods and toiletries (3%). By contrast, the sales of
telecommunications apparatus and computer (-7.3%), furniture and household
equipment (-4.2%) and petrol service stations (-1.4) declined in 2013. |
|
|
OVERALL
INDUSTRY OUTLOOK : AVERAGE GROWTH |
|
CREDIT
RISK EVALUATION & RECOMMENDATION
|
|
As the Subject is registered as an Exempt
Private company, it is not required to file financial statements for public
review. As such, we are unable to ascertain its present financial health. The industry shows an upward trend and this
trend is very likely to sustain in the near terms.
|
|
|
No latest financial accounts are available at the Registry Office.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.64.78 |
|
|
1 |
Rs.99.54 |
|
Euro |
1 |
Rs.73.08 |
INFORMATION DETAILS
|
Analysis Done by
: |
KAS |
|
|
|
|
Report Prepared
by : |
ASH |
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.