MIRA INFORM REPORT

 

 

Report Date :

01.10.2007

 

IDENTIFICATION DETAILS

 

Name :

BUKIT LADANG FOODSTUFFS SDN BHD

 

 

Registered Office :

Unit 1-4 Blk B Spg 61 Bangunan Rahyaa Kg Jerudong Mukim Sengkurong

 

 

Country :

Brunei Darussalam

 

 

Financials (as on) :

31.12.2006

 

 

Date of Incorporation :

19.07.1992

 

 

Com. Reg. No.:

BU-449/61

 

 

Legal Form :

Private Limited Company

 

 

Line of Business :

Importer, Wholesaler, Distributor and General Merchant of Sundry Goods, Grocery Items, Variety of Foodstuffs Food Ingredients, Food Supplies to School, Canteen, Hawker Centers, Restaurant, Hotels, Supermarkets, Departmental Stores and Caterers, Weddings Showers and Parties Serving within areas etc

 

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

 

Maximum Credit Limit :

USD 50000

 

 

Status :

Satisfactory

 

 

Payment Behaviour :

Regular

 

 

Litigation :

Clear


Co. Name, address

 

BUKIT LADANG FOODSTUFFS SDN BHD

UNIT 1-4 BLK B SPG 61 BANGUNAN RAHYAA

KG JERUDONG MUKIM SENGKURONG BRUNEI

Telephone         673 2663033 2661329

Fax                   673 2663055

 

 

Registered address

 

AT HEADING ADDRESS

 

 

Operating Address

 

AT HEADING ADDRESS 

 

 

Branches 

 

NONE 

 

 

Factory

 

NONE 

 

 

Date, established

 

19 07 1992

 

 

Incorporation no         

 

BU-449/61 DATED 19 07 1992 

 

 

Legal status

 

PRIVATE LIMITED COMPANY

 

 

 

 

 

 

Businesses

 

IMPORTER WHOLESALER DISTRIBUTOR AND GENERAL MERCHANT OF SUNDRY GOODS GROCERY ITEMS VARIETY OF FOODSTUFFS FOOD INGREDIENTS FOOD SUPPLIES TO SCHOOL CANTEEN HAWKER CENTERS RESTAURANT HOTELS SUPERMARKETS DEPARTMENTAL STORES AND CATERERS WEDDINGS SHOWERS AND PARTIES SERVING WITHIN AREAS ETC

 

 

Board of directors 

 

WINANG H SENG – MANAGING DIRECTOR 

A KIM SENG 

LAM HAW H KOH  

 

 

Bankers     

 

HK & SHANGHAI BANKING CORP BS BEGAWAN 

 

 

Payments

 

PROMPT

 

 

Financial position

 

VERY GOOD ADEQUATE RESOURCES AVAILABLE

 

 

Buying/Selling term

 

PER 100% IRREVOCABLE AND CONFIRMED L/C AT SIGHT DRWAN BASIS

 

 

Credit Maximum [USD]         

 

50000 CAN BE GRANTED ON MUTUAL AGREED SECURED AND PROTECTED TERM

 

 

Imports from 

 

WORLDWIDE    

 

 

 

 

 

Export to  

 

NONE  

 

 

Shareholders

 

WINANG TRADING CO BRUNEI 100%   

 

 

Associates

 

WINANG TRADING CO     

 

 

History

 

REPUTED CO 

 

 

Agency 

 

NONE

 

 

Trade supplier[s]

 

NONE

 

 

Premises  

 

RENTED BASIS        

 

 

Employs           

 

20 +

 

 

Member                 

 

NONE 

 

 

Sources     

 

REPORT IS PRODUCED FROM COLLECTIVE RESULTS OF LOCAL AGENTS

 

 

Remarks     

 

SUBJECT IS CONSIDERED TO BE GOOD FOR ANY NORMAL BUSINESS ENGAGEMENT

 

 

Capital as at 31 12 2006 IN BNDOLLAR / 000

 

Paid up                                       700                 Fixed assets     5 000 

Reserves/surplus                       4 875                Investments       1 200 

Other liabilities                           1 491                Stocks              4 002

Cash/bank                                 2 163                Other assets        768

Miscellaneous                           2 851                Miscellaneous   1 110   

Total                                       12 080               Total                12 080

Turnover approx                      35 000

 

 

 

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

Unfavourable & favourable factors carry similar weight in credit consideration. 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

NR

In view of the lack of information, we have no basis upon which to recommend credit dealings

No Rating

 

 

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