MIRA
INFORM REPORT
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Report Date : |
02.07.2011 |
IDENTIFICATION DETAILS
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Name : |
ALKEMAL SINGAPORE PRIVATE LIMITED |
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Registered Office : |
3 Shenton Way #12 |
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Country : |
Singapore |
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Date of Incorporation : |
23.02.1982 |
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Com. Reg. No.: |
198200704K |
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Legal Form : |
Limited Exempt Private Company |
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Line of Business : |
Wholesale of logs, sawn timber, plywood and related products |
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 : |
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 – March 31st, 2011
|
Country Name |
Previous Rating (31.12.2010) |
Current Rating (31.03.2011) |
|
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: |
Alkemal
Singapore Private Limited |
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Supplied Name: |
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3 Shenton Way #12 |
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Supplied
Address: |
3, Shenton Way, #12 |
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Fax Number: |
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The supplied name is
incomplete, and the exact name is as above.
Credit Summary
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Credit Rating: |
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Credit Opinion: |
Company Identification Details
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Registered Name: |
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Registered
Address: |
3 Shenton Way,#12 |
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Date of
Registration:: |
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Registered
Number: |
198200704K |
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Country of
Incorporation: |
Singapore |
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Registered
Capital: |
SGD 1,000,000.00
(USD 813,173) =1,000,000 Shares@1 SGD (As of 2011.07,
1 SGD = 0.81317 USD) |
|
Legal Form: |
Limited Exempt
Private Company |
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Principal
Activities: |
Wholesale of
logs, sawn timber, plywood and related products |
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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: |
|
History
Subject was incorporated on
Shareholders
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Subscription
Amount |
Proportion of
Investment (%) |
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DALJIT SINGH |
150,000 |
15% |
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ESTATE OF MAHANBIR SINGH, DECEASED |
700,000 |
70% |
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JASVINDER SINGH |
150,000 |
15% |
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Total |
1,000,000 |
100% |
Major Shareholder
Information:
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1 |
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Name: |
DALJIT SINGH |
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ID Number: |
S0039514E |
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Address: |
24 GOODMAN ROAD Singapore 438987 |
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Nationality: |
Singapore Citizen |
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2 |
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Name: |
ESTATE OF MAHANBIR SINGH, DECEASED |
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ID Number: |
S |
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Address: |
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Nationality: |
Singapore Citizen |
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3 |
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Name: |
JASVINDER SINGH |
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ID Number: |
S1312527I |
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Address: |
19 BOURNEMOUTH ROAD Singapore 439727 |
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Nationality: |
Singapore Citizen |
Subsidiaries & Branches
Branch offices
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1 |
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Address: |
No. 174(A), Dhammazaydi Road Bahan Township,
Yangon |
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E-mail: |
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Tel: |
+951-534190/ 538598 |
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Fax: |
+951-527301 |
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2 |
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Address: |
House No. 122, Sector 4, Gandhidham, Kutch-370201
Gujrat (India) |
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E-mail: |
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Tel: |
+91-98 2422-0055 |
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Fax: |
+91-28 3622-9555 |
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3 |
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Address: |
51/16B, Seelan Colony, 2nd Street, Muniasamypuram,
Tuticorin 628003 |
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E-mail: |
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Tel: |
+91-99 4494-6609/4448-6608 |
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Fax: |
+91- 46 1237-7714 |
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4 |
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Address: |
Jibon Bima Bhaban 80, Motigheel, C/A (1st Floor) Dhaka-Bangladesh |
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E-mail: |
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Tel: |
+00-88-0421-64887 |
Manage Information
Detailed
Information of Management:
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1 |
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Name: |
DALJIT SINGH |
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Position: |
Director |
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ID Number: |
S0039514E |
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Address: |
24 Goodman Road, Singapore 438987 |
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Nationality: |
Singapore Citizen |
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Date of Appointment: |
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2 |
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Name: |
JASVINDER SINGH |
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Position: |
Director |
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ID Number: |
S1312527I |
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Address: |
19 Bournemouth Road, Singapore 439727 |
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Nationality: |
Singapore Citizen |
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Date of Appointment: |
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3 |
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Name: |
HATIDAH BINTI SALAM |
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Position: |
Secretary |
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ID Number: |
S1450483D |
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Address: |
263 Yishun Street 22 #07-159, Singapore 760263 |
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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 |
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Address: |
3 Shenton Way #12 |
Production
Information
l
Subject is a processor of the timber and timber
related products.
l
Subject purchases different species of the timber
from abroad.
Major products
purchased
|
Products |
Original area |
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Teak, Gurjan, Pyinkado |
Myanmar |
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Teak |
Ghana |
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Teak, Gmelina, Eki |
Nigeria |
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Teak |
Benin |
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Teak |
Ecuador |
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Teak |
Costa Rica |
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Teak |
Panama |
Sales
Information
l
Subject is a trader of timber and timber related
products.
l
Subject agents in its major buying and selling
centres such as India, Bangladesh, Vietnam, Myanmar, Nigeria, Ghana, Benin,
Panama, Ecuador, Costa Rica and North America.
l
Subject’s selling territory is all over the world.
l
Subject is a member of main business associations
in Singapore such as Singapore Business Federation, Singapore Indian Chamber of
Commerce, Industry and Singapore Timber Exporters Association.
Settlements
Purchase
Domestic Markets
Subject seldom
purchases from the domestic markets.
Overseas Markets
|
Products |
Payment Terms |
Proportion |
|
Timber and timber related products. |
T.T in advance, L/C etc. |
100% |
Domestic Markets
|
Sales Terms |
Proportion |
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Timber and
timber related products. |
COD, etc. |
100% |
Overseas Markets
|
Product |
Sales Terms |
Proportion |
|
Timber and
timber related products. |
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: |
MEHERVAN SINGH
& CO |
Bankers
Charges
|
Charge 1 |
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Charge Number: |
C200302150 |
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Date of
Registration: |
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Name: |
DBS BANK LTD. |
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Amount Secured: |
All Monies |
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Charge 2 |
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Charge Number: |
C201008795 |
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Date of
Registration: |
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Name: |
DBS BANK LTD. |
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Amount Secured: |
All Monies |
Interview Details
|
Name: |
N/A |
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.44.58 |
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|
1 |
Rs.71.75 |
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Euro |
1 |
Rs.64.80 |
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 |
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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 |
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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 |
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<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.