MIRA INFORM REPORT
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Report Date : |
26.08.2011 |
IDENTIFICATION DETAILS
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Name : |
POS SQUARE PTE. LTD. |
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Registered Office : |
1 Kaki Bukit Avenue 3 #05-15 KB-1 Singapore 416087 |
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Country : |
Singapore |
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Date of Incorporation : |
23.10.2002 |
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Com. Reg. No.: |
200209200C |
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Legal Form : |
Limited Exempt Private Company |
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Line of Business : |
Sales of POS products, etc |
RATING & COMMENTS
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MIRA’s Rating : |
B |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
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Maximum Credit Limit : |
USD 30,000 |
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Status : |
Moderate |
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Payment
Behaviour : |
No Complaints |
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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
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POS Square Pte. Ltd. |
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Supplied Name: |
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Supplied
Address: |
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Fax Number: |
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Notes: Subject’s exact name and address are as
above.
Credit
Summary
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Credit Rating: |
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Credit Opinion: |
Company
Identification Details
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Registered Name: |
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Registered
Address: |
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Date of
Registration:: |
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Registered
Number: |
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Country of
Incorporation: |
Singapore |
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Registered
Capital: |
SGD 50,000 (USD
41,455) (As of 2011.08,
1 SGD = 0.8291 USD) |
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Paid-up Capital: |
SGD 50,000 (USD
41,455) = 50,000 Shares@1 SGD |
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Legal Form: |
Limited Exempt
Private Company |
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Principal
Activities: |
Sales of POS
products, etc |
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N/A |
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Status: |
Live Company |
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Listed at Stock
Exchange: |
No |
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Date of Last
Annual Return: |
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Notes: Subject declined
to disclose its staff number; from other source we can not obtain the relevant
information, either.
History
Subject was
incorporated on
Shareholders
|
Subscription Amount |
Proportion of Investment (%) |
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20,000 |
40% |
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Oh Boon Chin Vincent |
25,000 |
50% |
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Cheu Siew Ming |
5,000 |
10% |
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Total |
50,000 |
100% |
Major Shareholder
Information:
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1 |
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Name: |
Tony Tan Kia
Meng |
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ID Number: |
S1827360H |
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Address: |
42 Dakota Crescent
#14-19 Dakota Residences Singapore 399940 |
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2 |
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Name: |
Oh Boon Chin
Vincent |
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ID Number: |
S1828586Z |
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Address: |
970 Hougang
Street 91 #07-168 Singapore 530970 |
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3 |
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Name: |
Cheu Siew Ming |
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ID Number: |
S |
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Address: |
45 Sea breeze
avenue singapore 487564 |
Subsidiaries &
Branches
Subject did not
introduce whether it has any subsidiaries or branches, from other source we can
not obtain the relevant information, either.
Management
Information
Detailed
Information of Management:
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1 |
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Name: |
Oh Kim Heng
George |
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Position: |
Director |
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ID Number: |
S0449984J |
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Address: |
58 Circuit Road |
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Nationality: |
Singapore
Citizen |
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Date of
Appointment: |
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2 |
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Name: |
Koh Choon Kwang |
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Position: |
Director |
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ID Number: |
S0567733E |
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Address: |
5 Jalan Batu
#05-151 Singapore 431005 |
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Nationality: |
Singapore
Citizen |
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Date of
Appointment: |
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3 |
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Name: |
Tony Tan Kia Meng |
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Position: |
Director |
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ID Number: |
S1827360H |
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Address: |
42 Dakota
Crescent #14-19 Dakota Residences Singapore 399940 |
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Nationality: |
Singapore
Citizen |
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Date of
Appointment: |
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4 |
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Name: |
Oh Boon Chin
Vincent |
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Position: |
Director |
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ID Number: |
S1828586Z |
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Address: |
970 Hougang
Street 91 #07-168 Singapore 530970 |
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Nationality: |
Singapore
Citizen |
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Date of
Appointment: |
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5 |
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Name: |
Tong Thiam Siew |
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Position: |
Secretary |
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ID Number: |
S6826023Z |
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Address: |
51 Tampines
Avenue 1 #06-06 Tropica, The Singapore 529771 |
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Nationality: |
Singapore
Citizen |
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Date of
Appointment: |
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6 |
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Name: |
Cheu Siew Ming |
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Position: |
Director |
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ID Number: |
S |
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Address: |
45 Sea Breeze Avenue
Singapore 487564 |
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Nationality: |
Singapore
Citizen |
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Date of
Appointment: |
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7 |
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Name: |
Koh Leng Leng |
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Position: |
Director |
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ID Number: |
S |
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Address: |
42
Dakota Crescent #14-19 Dakota Residences Singapore 399940 |
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Nationality: |
Singapore
Citizen |
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Date of
Appointment: |
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Operation
Information
Offices
& Factories
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Office |
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Address: |
Production
Information
l
Subject is a trader of POS systems
without any production information.
Purchase
Information
l
Subject purchases mainly abroad.
l
Subject carried some famous brands in POC industry
such as EPSON, etc
Sales
Information
l
Subject is engaged in sales of POC products
including industry PC, Customer Display, Label/Barcode Printer, Thermal/ Dot
Matrix Printer, Cash register, Cash Drawer, Check Reader, Key board, Card
Reader, Digital Video Recorder, Dot Matrix Paper Roll, Thermal Paper Roll, etc
l
Subject also supplies the systems solutions and
technical support to customers.
l
It is introduced that subject only serves the local
customers in Singapore.
Settlements
Purchase
Domestic Markets
Subject has little
domestic purchase
Overseas Markets
|
Products |
Payment Terms |
Proportion |
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POC products and
service |
CBD, etc |
100% |
Domestic Markets
|
Sales Terms |
Proportion |
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POC products and
service |
COD, CBD, etc |
100% |
Overseas Markets
|
Product |
Sales Terms |
Proportion |
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POC products and
service |
CBD, etc |
100% |
Financial
Information
Subject has no on
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 declined
to disclose the financials citing the grounds of company’s confidentiality;
from other source we can not obtain the relevant information, either.
Bankers
Bank Charges:
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Charge Number: |
C200608644 |
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Date of
Registration: |
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Name: |
Oversea-Chinese
Banking Corporation Limited |
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Amount Secured: |
All Monies |
Auditors
|
Name: |
EDWIN LEE &
CO |
Interview
Details
|
Department: |
Sales department
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FOREIGN EXCHANGE RATES
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Currency |
Unit
|
Indian Rupees |
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US Dollar |
1 |
Rs.46.13 |
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UK Pound |
1 |
Rs.75.52 |
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Euro |
1 |
Rs.66.53 |
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.