MIRA INFORM
REPORT
|
Report Date : |
01.07.2011 |
IDENTIFICATION DETAILS
|
Name : |
GENERATION NEXT COMMUNICATIONS PTE. LTD. |
|
|
|
|
Registered Office : |
1 North Bridge
Road #B1-20 High Street Centre Singapore 179094 |
|
|
|
|
Country : |
Singapore |
|
|
|
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Date of Incorporation : |
17.12.2003 |
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|
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Com. Reg. No.: |
200312855N |
|
|
|
|
Legal Form : |
Limited Exempt Private Company |
|
|
|
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Line of Business : |
General Importers
& Exporter |
RATING & COMMENTS
|
MIRA’s Rating : |
B |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
|
Maximum Credit Limit : |
USD 20,000 |
|
Status : |
Moderate |
|
Payment
Behaviour : |
No Complaints |
|
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
|
Country Name |
Previous Rating (31.12.2010) |
Current Rating (31.03.2011) |
|
Singapore |
a1 |
a1 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
|
Moderate |
B1 |
|
High |
B2 |
|
Very High |
C1 |
|
Restricted |
C2 |
|
Off-credit |
D |
Contact Points
|
Company Name: |
Generation Next
Communications Pte. Ltd. |
|
Supplied Name: |
|
|
1, North Bridge
Road,#B-120, High Street Centre, Singapore 179094, Singapore |
|
|
Supplied Address: |
1 North Bridge
Road, #B1-20, High Street Centre Singapore 179094,Singapore |
|
Fax Number: |
|
Note: The exact name is as above.
Credit
Summary
|
Credit Rating: |
|
|
Credit Opinion: |
Company
Identification Details
|
Registered Name: |
|
|
Registered Address: |
1 North Bridge
Road #B1-20 High Street Centre Singapore 179094, Singapore |
|
Date of Registration:: |
|
|
Registered Number: |
200312855N |
|
Country of Incorporation: |
Singapore |
|
Registered Capital: |
SGD 500,000.00 (USD 406,587 ) |
|
Paid-up Capital: |
SGD 500,000.00 (USD 406,587 ) = 500,000 Shares@1 SGD (As of 2011.07, 1 SGD =0.81317 USD) |
|
Legal Form: |
Limited Exempt Private Company |
|
Principal Activities: |
46900 General Importers & Exporters |
|
N/A |
|
|
Status: |
Live Company |
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Listed at Stock Exchange: |
No |
|
Date of Last Annual Return: |
|
Note:
The staff number is not available from the subject or other sources.
History
Subject was
incorporated on
Shareholders
|
Subscription
Amount |
Proportion
of Investment (%) |
|
|
GUPTA KAILASH SHIVKUMAR |
250,000 |
50% |
|
RAJESH BHIMSARIA |
250,000 |
50% |
|
Total |
500,000 |
100% |
Major Shareholder Information:
|
1 |
|
|
Name: |
GUPTA KAILASH SHIVKUMAR |
|
ID Number: |
S7569078I |
|
Address: |
1 North Bridge Road #B1-20 High Street
Centre Singapore 179094 |
|
Nationality: |
Singapore P.R. |
|
2 |
|
|
Name: |
RAJESH BHIMSARIA |
|
ID Number: |
Z1495619 |
|
Address: |
11 Burmese Colony, Jaipur, Rajasthan, India |
|
Nationality: |
Indian |
Manage Information
Detailed Information of Management:
|
1 |
|
|
Name: |
ARUMUGAM CHETTIAR MANICKAM |
|
Position: |
Secretary |
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ID Number: |
S0537812E |
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Address: |
184 Stirling Road #07-242 Singapore 140184 |
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Nationality: |
Singapore Citizen |
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Date of Appointment: |
|
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2 |
|
|
Name: |
GUPTA KAILASH SHIVKUMAR |
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Position: |
Director |
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ID Number: |
S7569078I |
|
Address: |
1 North Bridge Road #B1-20 High Street
Centre Singapore 179094 |
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Nationality: |
Singapore P.R. |
|
Date of Appointment: |
|
|
3 |
|
|
Name: |
POOJA GUPTA |
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Position: |
Director |
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ID Number: |
S |
|
Address: |
123 Meyer Road #07-02 Makena, The Singapore
437934 |
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Nationality: |
Singapore P.R. |
|
Date of Appointment: |
|
|
4 |
|
|
Name: |
RAJESH BHIMSARIA |
|
Position: |
Director |
|
ID Number: |
Z1495619 |
|
Address: |
11 Burmese Colony, Jaipur, Rajasthan, India |
|
Nationality: |
Indian |
|
Date of Appointment: |
|
Operation
Information
Offices & Factories
|
|
Office |
|
Address: |
1, North Bridge Road,#B-120, High Street Centre, Singapore 179094,
Singapore |
l
Subject
is a trader for mobile phones around the region.
Purchase
l
Subject
purchases the mobile phones from the all over the world
Sales Information
l
Subject
is an exporter for mobile phones around the region.
l
Subject
is mainly involved in the brand of Nokia, Samsung, Sony Ericsson, HTC,
Blackberry, IPhone and Dell.
l
Subject’s
selling territory is mainly foreign market, such as Indonesia, Malaysia, India,
Bangladesh, Sri Lanka, South Africa, and Middle East.
Settlements
Purchase
Domestic
Markets
|
Products |
Payment
Terms |
Proportion |
|
Mobile
phones |
COD,
etc. |
100% |
Overseas
Markets
|
Products |
Payment
Terms |
Proportion |
|
Mobile
phones |
T.T in
advance, L/C etc. |
100% |
Domestic
Markets
Subject seldom sells to domestic market.
Overseas
Markets
|
Product |
Sales
Terms |
Proportion |
|
Mobile phones |
T.T in
advance, L/C etc. |
100% |
Financial
Figures
Subject has no obligations to disclose its financial statements to the
third party according to the relevant policy in Taiwan and the only source from
which we can obtain the information is the subject itself.
Subject’s relevant
staff declined to disclose its financials citing the grounds of company’s
confidentiality; from other source we can not obtain the relevant information,
either.
Auditors
|
Name: |
R NITHIANANTHAM & CO |
Bankers
Charges
|
Charge 1 |
|
|
Charge Number: |
C200908653 |
|
Date of Registration: |
|
|
Name: |
UNITED OVERSEAS BANK LIMITED |
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Amount Secured: |
All Monies |
|
Charge 2 |
|
|
Charge Number: |
C201000214 |
|
Date of Registration: |
|
|
Name: |
BARCLAYS BANK PLC |
|
Amount Secured: |
All Monies |
|
Charge 3 |
|
|
Charge Number: |
C201008184 |
|
Date of Registration: |
|
|
Name: |
BANK OF INDIA |
|
Amount Secured: |
All Monies |
Note: Subject declined to confirm any
information on the supplied bank (HSBC Bank, Collyer Quay Branch Singapore a/c
no. – 260).
Interview
Details
|
Name: |
N/A |
|
Position: |
Salesman |
Note: We contacted to
the salesman of the subject, but he declined to disclose the name of him.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.44.72 |
|
UK Pound |
1 |
Rs.71.96 |
|
Euro |
1 |
Rs.64.79 |
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 |
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.