MIRA
INFORM REPORT
|
Report Date : |
01.07.2011 |
IDENTIFICATION DETAILS
|
Name : |
SINO MULTI BIZ PTE LTD |
|
|
|
|
Registered Office : |
111 North Bridge Road #16-04 Peninsula Plaza Singapore 179098 |
|
|
|
|
Country : |
Singapore |
|
|
|
|
Date of Incorporation : |
13.03.1996 |
|
|
|
|
Com. Reg. No.: |
199601762C |
|
|
|
|
Legal Form : |
Limited Exempt Private Company |
|
|
|
|
Line of Business : |
General Wholesale Trade (Including General Importers And Exporters) |
RATING & COMMENTS
|
MIRA’s Rating : |
Ca |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
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 |
|
Status : |
Poor |
|
|
|
|
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
|
Company Name: |
|
|
Former Name: |
Sino Grains
(Pte) Ltd |
|
Supplied Name: |
|
|
Supplied
Address: |
|
|
Fax Number: |
|
Special Notes
We tried to
contact with subject through the phone number +65-6372-1303 obtained from public
files, the relevant staff confirmed subject’s trading address and fax and
introduced that the subject is a trader of grains, while she declined to
disclose any other information of subject.
An e-mail has been
sent to sinobiz@singnet.com.sg,
but no reply has been received, yet.
We did not find
any other contact information or operation information of subject from public
files, either.
We supplied
subject’s principal activities as follows for reference.
46900--General
Wholesale Trade (Including General Importers And Exporters)
We will update the
report if there is anything new returned
We found subject’s
registration information from local registry, supplying as follows for
reference.
Company Identification Details
|
Registered Name: |
|
|
Registered
Address: |
111 North Bridge Road #16-04 Peninsula Plaza Singapore 179098 |
|
Date of
Registration:: |
|
|
Registered
Number: |
|
|
Country of Incorporation: |
Singapore |
|
Registered
Capital: |
SGD 300,000 (USD
242,250) (As of 2011.06,
1 SGD = 0.8075 USD) |
|
Paid-up Capital: |
SGD 300,000 (USD
242,250) = 300,000 Shares@1 SGD |
|
Legal Form: |
Limited Exempt
Private Company |
|
Principal Activities: |
46900--General
Wholesale Trade (Including General Importers And Exporters) |
|
N/A |
|
|
Status: |
Live Company |
|
Listed at Stock
Exchange: |
No |
|
Date of Last
Annual Return: |
|
History
Subject was incorporated
on
|
Date |
Change |
|
|
Sino Grains
(Pte) Ltd |
|
|
Sino Multi Biz
Pte Ltd |
Shareholders
|
Subscription
Amount |
Proportion of Investment (%) |
|
|
Ahmed Mohmed Salehbhai |
150,000 |
50% |
|
Arshad Ilyas |
150,000 |
50% |
|
Total |
300,000 |
100% |
Major Shareholder
Information:
|
1 |
|
|
Name: |
Ahmed Mohmed Salehbhai |
|
ID Number: |
S |
|
Address: |
240 Pasir Ris Street 21 #07-41 Singapore 510240 |
|
Date of Change
of Address: |
Singapore Citizen |
|
2 |
|
|
Name: |
Arshad Ilyas |
|
ID Number: |
S |
|
Address: |
162 Mariam Way #04-01 Ballota Park Condominium
Singapore 507085 |
|
Date of Change
of Address: |
Singapore Citizen |
Subsidiaries & Branches
Subject did not
introduce whether it has any subsidiaries or branches, from other source we can
not obtain the relevant information, either.
Manage Information
Detailed
Information of Management:
|
1 |
|
|
Name: |
Ahmed Mohmed Salehbhai |
|
Position: |
Director |
|
ID Number: |
S |
|
Address: |
240 Pasir Ris Street 21 #07-41 Singapore 510240 |
|
Nationality: |
Singapore Citizen |
|
Date of Appointment: |
|
|
2 |
|
|
Name: |
Veronica d/o a. Kasmel |
|
Position: |
Secretary |
|
ID Number: |
S2168498H |
|
Address: |
254 Bishan Street 22 #07-450 Singapore 570254 |
|
Nationality: |
Singapore Citizen |
|
Date of Appointment: |
|
|
3 |
|
|
Name: |
Arshad Ilyas |
|
Position: |
Director |
|
ID Number: |
S |
|
Address: |
162 Mariam Way #04-01 Ballota Park Condominium
Singapore 507085 |
|
Nationality: |
Singapore Citizen |
|
Date of Appointment: |
|
Operation Information
Offices
& Factories
|
|
Office |
|
Address: |
Operation
Information
We can not obtain
subject’s operation details, thus we supplied subject’s principal activities as
follows for reference.
|
46900 |
General
Wholesale Trade (Including General Importers And Exporters) |
It is introduced
that subject is a trader of grains, while the details are not disclosed.
Settlements
The settlement information
is not available from 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, subject did not
submit the latest financials to the local registry, and the only source from
which we can obtain the information is the subject itself.
Subject's staff declined to disclose the financial information, from other
source we can not obtain the relevant information, either.
Bankers
Bank Charges:
|
Charge 1 |
|
|
Charge Number: |
200201286 |
|
Date of
Registration: |
|
|
Name: |
Habib Bank Limited |
|
Amount Secured: |
All Monies |
|
Charge 2 |
|
|
Charge Number: |
C200608256 |
|
Date of
Registration: |
|
|
Name: |
Australia and new zealand banking group limited |
|
Amount Secured: |
All Monies |
Auditors
|
Name: |
V. P. KUMARAN & CO. |
Interview Details
|
Department: |
Sales department
|
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.44.72 |
|
|
1 |
Rs.71.95 |
|
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.