MIRA INFORM REPORT
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Report Date : |
12.12.2011 |
IDENTIFICATION DETAILS
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Name : |
ACEPLAS PTE. LTD. |
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Registered Office : |
61 Bright Hill Drive, #32-01, Bishan Point Singapore 579653 |
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Country : |
Singapore |
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Date of Incorporation : |
03.01.2007 |
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Com. Reg. No.: |
200700127Z |
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Legal Form : |
Private Limited Liability Company |
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Line of Business : |
General Wholesale Trade |
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No. of Employees : |
Not Available |
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 – September 30th, 2011
|
Country Name |
Previous Rating (30.06.2011) |
Current Rating (30.09.2011) |
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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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Company Name: |
Aceplas Pte.
Ltd. |
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Supplied Name: |
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61 Bright Hill Drive, #32-01 Bishan Point, Singapore 579653, SG |
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Supplied
Address: |
61 Bright Hill
Drive, #32-01 Bishan Point, Singapore 579653, SG |
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+65 65705060 |
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Fax Number: |
+65 66590870 |
Credit
Summary
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Credit Rating: |
Maximum credit
USD 30,000 |
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Credit Opinion: |
Special Notes
We tried to contact the subject by calling number
“+65
Fortunately, when we dialed the number again in the
afternoon, it was gotten through and Mr. Thomasph answered the telephone, who
really gave us some information on the subject.
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: |
200700127Z |
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Country of
Incorporation: |
Singapore |
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Registered
Capital: |
SGD 150,000.00
(USD 115,335.00) (As of 2011.11,
1 SGD = 0.7689 USD) |
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Paid-up Capital: |
SGD 150,000.00
(USD 115,335.00) = 150,000 Shares@1 SGD |
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Legal Form: |
Private Limited Liability
Company |
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Principal
Activities: |
46900 General
Wholesale Trade (Including General Importers And Exporters) Manufacture and
trader of bubble bags, static shielding bags, cleanroom bags, 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 introduce its staff number.
History
Subject was incorporated on
Shareholders
|
Subscription Amount |
Proportion of Investment (%) |
|
|
Koh Choon Teck |
150,000 |
100% |
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Total |
150,000 |
100% |
Major Shareholder
Information:
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Name: |
Koh Choon Teck |
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ID Number: |
S1675459E |
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Address: |
61 Bright Hill
Drive #32-01 Bishan Point Singapore 579653 |
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Nationality: |
Singapore
Citizen |
Management
Information
Detailed
Information of Management:
|
1 |
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Name: |
Koh Choon Teck |
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Position: |
Director |
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ID Number: |
S1675459E |
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Address: |
61 Bright Hill
Drive, |
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Nationality: |
Singapore
Citizen |
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Date of
Appointment: |
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2 |
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Name: |
Desmond Sim Soo
Miang |
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Position: |
Secretary |
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ID Number: |
S0014169J |
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Address: |
26 Choa |
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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 |
|
Address: |
61 Bright Hill Drive, #32-01 Bishan Point,
Singapore 579653, SG |
Operations
l
The subject is a trader of packaging, cleanroom
products, material handling, flooring, etc. with production.
l
Subject has its factories in Malaysia, Thailand and
Indonesia.
l
The raw materials and components for production are
most purchased from domestic markets.
l
Subject has both domestic and foreign markets.
l
Subject has a 50% proportion for export.
Settlements
Purchase
Domestic Markets
|
Products |
Payment Terms |
Proportion |
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Raw materials
and components |
CBD, COD, etc. |
100% |
Overseas Markets
|
Products |
Payment Terms |
Proportion |
|
Raw materials
and components |
CBD, COD, etc. |
100% |
Domestic Markets
|
Sales Terms |
Proportion |
|
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Packaging, cleanroom products, etc. |
CBD, COD, etc. |
100% |
Overseas Markets
|
Product |
Sales Terms |
Proportion |
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Packaging, cleanroom products, etc. |
CBD, etc. |
100% |
Financial Information
Subject has no
obligations to disclose its financial statements to the third party according
to the relevant policy in Singapore, subject did not submit the latest
information to the local registry, and the only source from which we can obtain
the information is the subject itself.
Subject’s relevant staff Mr. Thomasph declined
to disclose its financials citing the grounds of company’s confidentiality;
from other source we cannot obtain the relevant information, either.
Public
Charges
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Charge Number: |
C201005847 |
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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 |
Interview
Details
|
Name: |
Thomasph |
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Email: |
FOREIGN EXCHANGE RATES
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Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.52.23 |
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UK Pound |
1 |
Rs.81.55 |
|
Euro |
1 |
Rs.69.60 |
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 |
|
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 |
|
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 |
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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.