MIRA INFORM REPORT
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Report Date : |
19.08.2011 |
IDENTIFICATION DETAILS
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Name : |
SUNTECH VENTURES PTE. LTD. |
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Formerly Known As : |
Rsds Pte. Ltd. |
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Registered Office : |
20 Simei Rise #08-52 Changi Rise Condominium Singapore 528809 |
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Country : |
Singapore |
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Date of Incorporation : |
23.02.2006 |
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Com. Reg. No.: |
200602456Z |
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Legal Form : |
Limited Exempt Private Company |
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Line of Business : |
Wholesale of computer, printer |
RATING & COMMENTS
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MIRA’s Rating : |
Ba |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
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Maximum Credit Limit : |
USD 20,000 |
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Status : |
Satisfactory |
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Payment
Behaviour : |
Usually Correct |
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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, 2011
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Country Name |
Previous Rating (31.12.2010) |
Current Rating (31.03.2011) |
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Singapore |
a1 |
a1 |
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Risk Category |
ECGC
Classification |
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Insignificant |
A1 |
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Low |
A2 |
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Moderate |
B1 |
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High |
B2 |
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Very High |
C1 |
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Restricted |
C2 |
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Off-credit |
D |
Contact Points
Note:
The supplied name
is incomplete, and the exact name is as above.
Credit
Summary
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Credit Rating: |
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Credit Opinion: |
Company
Identification Details
History
Subject was incorporated on
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Date |
Change |
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Rsds Pte. Ltd. |
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Suntech Ventures Pte. Ltd. |
Shareholders
|
Subscription Amount |
Proportion of Investment (%) |
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CHAMARIA
SIDDHARTH |
1 |
0.001% |
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NEERAV CHAMARIA |
99,999 |
99.999% |
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Total |
100,000 |
100% |
Major Shareholder
Information:
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1 |
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Name: |
CHAMARIA
SIDDHARTH |
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ID Number: |
G5103155K |
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Address: |
633 Veerasamy
Road #04-134 Singapore 200633 |
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Nationality: |
Indian |
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2 |
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Name: |
NEERAV CHAMARIA |
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ID Number: |
S6881689J |
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Address: |
633 Veerasamy
Road #04-136 Singapore 200633 |
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Nationality: |
Singapore P.R. |
Subsidiaries &
Branches
Subject did not register any subsidiaries or branches, from other source we
can not obtain the relevant information, either.
Manage
Information
Detailed
Information of Management:
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1 |
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Name: |
CHAMARIA
SIDDHARTH |
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Position: |
Director |
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ID Number: |
G5103155K |
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Address: |
633 Veerasamy
Road #04-134 Singapore 200633 |
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Nationality: |
Indian |
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Date of
Appointment: |
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2 |
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Name: |
NEERAV CHAMARIA |
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Position: |
Director |
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ID Number: |
S6881689J |
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Address: |
633 Veerasamy
Road #04-136 Singapore 200633 |
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Nationality: |
Singapore P.R. |
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3 |
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Name: |
NEERAV CHAMARIA |
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Position: |
Secretary |
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ID Number: |
S6881689J |
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Address: |
633 Veerasamy
Road #04-136 Singapore 200633 |
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Nationality: |
Singapore P.R. |
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Date of Appointment: |
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4 |
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Name: |
KARTHIK
TIRUPATHI |
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Position: |
Director |
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ID Number: |
S6883095H |
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Address: |
28 Fernwood
Terrace #19-03 Singapore 458556 |
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Nationality: |
Singapore P.R. |
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Date of
Appointment: |
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Personnel
Structure
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Total Employees |
Operation
Information
Offices
& Factories
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Office |
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Address: |
20 Simei Rise #08-52 Changi Rise Condominium
Singapore 528809,Singapore |
Production
Information
l
Subject is a wholesaler and distributor of
computers, printers and so on.
Sales
Information
l
Subject is mainly involved in wholesaling and
distributing of computers, printers, and so on. And subject just disclosed a
brand “HP”.
l
According to the introduction of subject, it has
also purchases the CNC Turning Inserts, TFT Monitors, LCD and so on.
l
Subject stated that the selling territory is all
over the world, such as Southeast Asia, Africa, Mid East, Eastern Asia
Settlements
Purchase
Domestic Markets
|
Products |
Payment Terms |
Proportion |
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Computer ,
Printer |
COB, etc. |
100% |
Overseas Markets
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Products |
Payment Terms |
Proportion |
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Computer ,
Printer |
T.T in advanced, L/C, etc. |
100% |
Sales
Domestic Markets
|
Sales Terms |
Proportion |
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COB, etc. |
100% |
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Product |
Sales Terms |
Proportion |
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Computer ,
Printer |
T.T in advanced, L/C, etc. |
100% |
Financial
Information
Subject has no obligations to disclose its
financial statements to the third party according to the relevant policy in
Singapore and the only source from which we can obtain the information is the
subject itself.
Subject’s relevant staff Mr. Kamal discloses the sales of 2010
Unit: USD
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2010 |
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Sales: |
2,500,000 |
Bankers
The bankers’
information is not available from the subject or other sources.
Interview
Details
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Name: |
Mr. Kamal |
FOREIGN EXCHANGE RATES
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Currency |
Unit
|
Indian Rupees |
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US Dollar |
1 |
Rs.45.61 |
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UK Pound |
1 |
Rs.75.32 |
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Euro |
1 |
Rs.65.68 |
RATING EXPLANATIONS
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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>86 |
Aaa |
Possesses an extremely sound financial base with the strongest
capability for timely payment of interest and principal sums |
Unlimited |
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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 |
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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 |
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41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
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26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
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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 |
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<10 |
C |
Absolute credit risk exists. Caution needed to be exercised |
Credit not
recommended |
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NB |
New Business |
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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.