MIRA INFORM
REPORT
|
Report Date : |
01.07.2011 |
IDENTIFICATION DETAILS
|
Name : |
HYDRATECH INDUSTRIES PTE. LTD |
|
|
|
|
Registered Office : |
10 Bukit Batok
Crescent #07-05 Spire, The Singapore 658079 |
|
|
|
|
Country : |
Singapore |
|
|
|
|
Date of Incorporation : |
06.01.2003 |
|
|
|
|
Com. Reg. No.: |
200300161K |
|
|
|
|
Legal Form : |
Limited Exempt Private Company |
|
|
|
|
Line of Business : |
Manufacture and repair of pumps, compressors, taps and valves, etc |
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 10,000 |
|
Status : |
Moderate |
|
Payment
Behaviour : |
Unknown |
|
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
Credit
Summary
|
Credit Rating: |
|
|
Credit Opinion: |
Company
Identification Details
Note: The staff number of the subject is not available from the subject or
other sources.
History
Subject was incorporated on
Shareholders
|
1 |
|
|
Name: |
TAY SWEE LIN |
|
Value: |
SGD 1 |
|
Address: |
627 Choa |
|
Nationality: |
Singapore Citizen |
|
2 |
|
|
Name: |
TAY SWEE CHONG |
|
Value: |
SGD 51,299 |
|
Address: |
52 Bukit Batok
East Avenue 5 #11-07 Regent Heights Condominium Singapore 659802 |
|
Nationality: |
Singapore Citizen |
Subsidiaries &
Branches
Beijing Office
|
Name: |
HYDROSYS (BEIJING)
TECHNOLOGY CO., LTD. |
|
Address: |
Room 2515
CaiFuXiHuan Building, No.58 CaiHuYing, West 2nd Ring, Beijing, P.R.China |
|
Tel: |
+86 10 6335 7350 |
|
Fax: |
+86 10 6335 640 |
Workshop:
|
Name: |
Hydratech
Industries Pte Ltd |
|
Address: |
No.1 Bukit Batok
Crescent, #04- |
Manage
Information
Core Management
Detailed Information
of Management:
|
1 |
|
|
Name: |
TAY SWEE LIN |
|
Position: |
Director |
|
ID Number: |
S1496337E |
|
Address: |
627 Choa |
|
Nationality: |
Singapore Citizen |
|
Date of
Appointment: |
|
|
2 |
|
|
Name: |
KOH JOO HUA |
|
Position: |
Secretary |
|
ID Number: |
S1523871B |
|
Address: |
70 Lorong 4 Toa
Payoh #04-329 Singapore 310070 |
|
Nationality: |
Singapore Citizen |
|
Date of
Appointment: |
|
|
3 |
|
|
Name: |
TAY SWEE CHONG |
|
Position: |
Director |
|
ID Number: |
S1697700D |
|
Address: |
52 Bukit Batok
East Avenue 5 #11-07 Regent Heights Condominium Singapore 659802 |
|
Nationality: |
Singapore Citizen |
|
Date of
Appointment: |
|
Operation
Information
Offices
& Factories
|
|
Office |
|
Address: |
No.10 Bukit Batok
Crescent,#07-05, The Spire, Singapore 658079 |
Production
Information
Subject is a manufacturer of pumps,
compressors, taps
etc.
Purchase
Information
Subject purchases
raw materials and components both at home and broad.
Sales
Information
Subject provides customized engineering design, fabrication,
installation, commissioning and complete project management services for
high-pressure equipment and systems.
Other products
include trading of high-pressure pumps, tubing, fittings, adaptors, gauges,
transducer, chart recorders, torque wrenches and quick disconnect couplings,
representing brands such as Haskel, HIP, Butech, TESCOM, DeWit, Barton, Tech
Cal, Stewarts USA & Rapid Torc.
The brand include
that Butech , Dewit , Haskel , HIP , Hydro-Pac , JAB Becker ,Stewarts ,Tech-Cal
, Rapid Torc, Spir Star ,Walther Prazision ,Computerised Recording System.
Subject’s selling
territory is both domestic and international markets.
Settlements
Purchase
Domestic Markets
|
Products |
Payment Terms |
Proportion |
|
Raw materials and
components, etc |
COD, etc. |
100% |
Overseas Markets
|
Products |
Payment Terms |
Proportion |
|
Raw materials and
components, etc |
T.T in advance,
L/C etc. |
100% |
Domestic Markets
|
Sales Terms |
Proportion |
|
|
Pumps,
compressors, taps etc. |
COD, etc. |
100% |
Overseas Markets
|
Product |
Sales Terms |
Proportion |
|
pumps,
compressors, taps etc. |
T.T in advance,
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
Taiwan and the only source from which we can obtain the information is the
subject itself.
Subject’s relevant staff Mable declined to supply any information on the
financial information, from other source we can not obtain the information,
either.
Bankers
Bank Charges:
|
Charge 1 |
|
|
Charge Number: |
C200605607 |
|
Date of
Registration: |
|
|
Name: |
DBS BANK LTD. |
|
Amount Secured: |
All Monies |
|
Charge 2 |
|
|
Charge Number: |
C200900117 |
|
Date of
Registration: |
|
|
Name: |
DBS BANK LTD. |
|
Amount Secured: |
All Monies |
|
Charge 3 |
|
|
Charge Number: |
C200906411 |
|
Date of
Registration: |
|
|
Name: |
CITIBANK SINGAPORE
LIMITED |
|
Amount Secured: |
All Monies |
|
Charge 4 |
|
|
Charge Number: |
C200907348 |
|
Date of
Registration: |
|
|
Name: |
CITIBANK SINGAPORE
LIMITED |
|
Amount Secured: |
All Monies |
|
Charge 5 |
|
|
Charge Number: |
C201100933 |
|
Date of
Registration: |
|
|
Name: |
CITIBANK SINGAPORE
LIMITED |
|
Amount Secured: |
All Monies |
Auditors
|
Name: |
MY PARTNERSHIP |
Interview
Details
|
Name: |
Ms Mable |
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 |
|
---- |
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.