MIRA INFORM REPORT
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Report Date : |
29.12.2011 |
IDENTIFICATION DETAILS
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Name : |
SINGAPORE POLYMERS TRADING PTE. LTD. |
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Registered Office : |
10 Jalan Besar, #11-11
Sim Lim Tower Singapore 208787 |
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Country : |
Singapore |
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Date of Incorporation : |
23.09.2008 |
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Com. Reg. No.: |
200818697N |
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Legal Form : |
Private Limited Exempt Company |
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Line of Business : |
General Wholesale Trade (including general importers and exporters) |
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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 5,000 |
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Status : |
Moderate |
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Payment
Behaviour : |
Unknown |
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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) |
|
Singapore |
a1 |
a1 |
|
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: |
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Supplied Name: |
Singapore
Polymers Trading Pte Ltd. |
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Supplied
Address: |
10 Jalan Besar,
11-11, Sim Lim Tower Singapore |
Credit
Summary
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Credit Rating: |
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Credit Opinion: |
Special
Note
According to the supplied name and address, we couldn’t obtain
the contact methods of subject.
And if you can supply a photocopy of subject's
letterhead, a current telephone or fax number for the company, we shall be
pleased to have the investigation resumed.
The registration
files show that subject is engaged in general wholesale trade, since we did not
get in touch with subject, we can not confirm the information.
We found subject’s
registration information as follows for reference.
Company
Identification Details
|
Registered Name: |
Singapore
Polymers Trading Pte. Ltd. |
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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 630,309.00 (USD 485,918) (As of 2011.06,
1 SGD = 0.77092USD) |
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Paid-up Capital: |
SGD 630,309.00 (USD 485,918) = 630,309 Shares@1 SGD |
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Legal Form: |
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Principal
Activities: |
46900 General wholesale trade (including general importers
and exporters) |
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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: |
N/A |
Note:
The staff number is not available from the subject or other sources.
History
Subject was incorporated on
Shareholders
|
Subscription
Amount |
Proportion of
Investment (%) |
|
|
630,309 |
100% |
Major Shareholder
Information:
|
Name: |
SEYED HAKKIM |
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ID Number: |
S6979285E |
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Address: |
636 Veerasamy
Road #04-180 Singapore 200636 |
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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:
|
1 |
|
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Name: |
SEYED HAKKIM |
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Position: |
Director |
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ID Number: |
S6979285E |
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Address: |
636 Veerasamy
Road #04-180singapore 200636 |
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Nationality: |
Singapore P.R. |
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Date of
Appointment: |
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2 |
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Name: |
SEENI ZULFIKHAR
HUSSAIN |
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Position: |
SECRETARY |
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ID Number: |
S |
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Address: |
60 Geylang Bahru
#16-3313 Singapore 330060 |
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Nationality: |
Singapore P.R. |
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Date of
Appointment: |
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3 |
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Name: |
SEYED HAKKIM
THAHIRA BEEVI |
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Position: |
Secretary |
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ID Number: |
S7177668I |
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Address: |
636 Veerasamy
Road #04-180 Singapore 200636 |
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Nationality: |
Singapore P.R. |
|
Date of
Appointment: |
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Operation
Information
Offices
& Factories
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|
Office |
|
Address: |
10 Jalan Besar, #11-11 Sim Lim Tower Singapore 208787 |
Operation
Information
We contacted the subject unsuccessfully.
We obtained the registered activities of the subject as follows for
reference.
|
Business Code |
Details |
|
46900 |
General wholesale trade (including general
importers and exporters) |
Settlements
We couldn’t
contact the subject successfully, and the settlement information is not
available from the subject or other sources.
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.
And we couldn’t contact the subject successfully; the financial
information is not available from the subject.
Bankers
The bankers’ information is not available from the subject or other
sources.
Auditors
|
Name: |
JPL WONG &
CO |
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.53.21 |
|
UK Pound |
1 |
Rs.83.32 |
|
Euro |
1 |
Rs.69.51 |
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 |
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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 |
|
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 |
---- |
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.