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MIRA INFORM REPORT
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Report Date : |
12.07.2011 |
IDENTIFICATION DETAILS
|
Name : |
WESTCON (SINGAPORE) PTE. LTD. |
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|
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Registered Office : |
1003 Bukit Merah Central #06-46 Singapore 159836 |
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Country : |
Singapore |
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Financials (as on) : |
31.12.2010 |
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Date of Incorporation : |
14.02.2009 |
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|
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Com. Reg. No.: |
200902717N |
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Legal Form : |
Limited Private Company |
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Line of Business : |
IT solutions; Wholesale Of Computer Hardware and Peripheral Equipment |
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 : |
Small Company |
|
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
Notes:
Subject’s trading address is
as above and subject did not introduce the supplied address.
Credit
Summary
|
Credit Rating: |
|
|
Credit Opinion: |
Company
Identification Details
Notes: Subject declined to disclose its staff number; from other source we can
not obtain the relevant information, either.
History
Subject was incorporated on
Shareholders
|
Subscription
Amount |
Proportion
of Investment (%) |
|
|
Westcon (India) Private Limited |
100 |
100% |
|
Total |
100 |
100% |
Major Shareholder Information:
|
Name: |
Westcon (India) Private Limited |
|
ID Number: |
T09UF |
|
Address: |
#33 & 34, Indiranagar,1st Stage, Off |
Subsidiaries &
Branches
|
Global
Headquarters - USA Germany Indonesia
Tel:
+966 1 2915740 Spain Tel:
+44 1285 647000 Tel:
+44 1753 797800 Chicago,
Illinois Tel: +1
954 485 3900 Tel: +1
303 566 2600 Tel: +1
877 642 7750 |
Manage
Information
Detailed Information of Management:
|
1 |
|
|
Name: |
Sivaramakrishnan Pallasana Ramanathan |
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Position: |
Director |
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ID Number: |
F7918175 |
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Address: |
TF-5, Ramanibs Rajgriha, 28 Desabandu
Street,Ramnagar Coimbatore 641009,Tamilnadu |
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Nationality: |
Indian |
|
Date of Appointment: |
|
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2 |
|
|
Name: |
Baskaran Ambikapathy |
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Position: |
Director |
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ID Number: |
S |
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Address: |
8B Boon Tiong Road |
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Nationality: |
Singapore Citizen |
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Date of Appointment: |
|
|
3 |
|
|
Name: |
Ramachandran Indramohan |
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Position: |
Secretary |
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ID Number: |
S6879666J |
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Address: |
40 Sims Drive #10-229 Singapore 380040 |
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Nationality: |
Singapore Citizen |
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Date of Appointment: |
|
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4 |
|
|
Name: |
Byju Pillai |
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Position: |
Director |
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ID Number: |
Z1560288 |
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Address: |
#217 Trinity Meadows, off Sarjapura Road
Bellandur, Bangalore 560 037, India |
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Nationality: |
Indian |
|
Date of Appointment: |
|
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Operation
Information
Offices & Factories
|
|
Office |
|
Address: |
150
Kampong Ampat #06-09 KA Centre Singapore 368324 |
Production Information
l
Subject
is an IT solution supplier and computer hardware seller without any production
activities.
Purchase Information
l
Subject
purchases both at home and abroad.
l
Subject
is the agent of specific brands as follows
Major products purchased:
|
Cisco, Juniper Networks, Extreme Networks,
F5, Acme Packet, Brocade, Blue Coat |
|
|
UC: |
Avaya, Polycom, Cisco |
|
Security: |
Juniper Networks, Check Point, Blue Coat,
F5, Palo Alto Networks |
Sales Information
l
Subject
is a supplier of IT solution service and computer hardware, etc
l
It is
introduced that subject mainly serves the domestic customers in Singapore.
Settlements
Purchase
Domestic
Markets
|
Products |
Payment Terms |
Proportion |
|
Computer hardware, etc |
COD, credit Sales, etc |
100% |
Overseas
Markets
|
Products |
Payment Terms |
Proportion |
|
Computer hardware, etc |
CBD, etc |
100% |
Domestic
Markets
|
Sales Terms |
Proportion |
|
|
IT solution service and computer hardware |
COD, etc |
100% |
Overseas
Markets
Subject does not export.
Balance
Sheet
|
|
|
|
Total Assets |
961,375.00 |
|
Total Current
Assets |
961,375.00 |
|
Total
Non-Current Assets f.k.a. [Fixed And
Others] |
0.00 |
|
Total
Liabilities |
920,915.00 |
|
Total Current
Liabilities |
920,915.00 |
|
Total
Non-Current Liabilities |
0.00 |
|
Total Equity
f.k.a [Shareholder's Funds] |
40,460.00 |
|
Paid-Up
Capital |
N.A. |
|
Share Capital |
100.00 |
|
Other
Reserves, Total f.k.a. [Reserves] |
0.00 |
|
Retained
Earnings/(Accumulated Loss) |
40,360.00 |
Profit/Loss
Account
Unit: USD
|
|
|
|
Revenue f.k.a
[Sales Turnover And Other
Operating Revenues] |
2,118,929.00 |
|
Profit/(Loss)
before Tax from Continuing
Operations f.k.a [Profit/(Loss)
before tax] |
44,249.00 |
|
Profit/(Loss)
after Tax from Continuing
Operations f.k.a [Profit/(Loss)
After Tax] |
40,360.00 |
|
Net
Income/(Loss) From Extraordinary And Non-Operating Items |
N.A. |
|
Profit/(Loss)
After Tax and Extraordinary
Items |
N.A. |
Financial
Ratio
|
|
2010 |
|
Earning
Capacity |
|
|
Rate of Net
Profit on Sales (%) |
1.90 |
|
Return of
Investment (%) |
4.20 |
|
Return of
Shareholder's Funds (%) |
99.75 |
|
Total Assets
Turnover (%) |
2.20 |
|
Financial
Stability |
|
|
Current/Working
Capital Ratio (%) |
1.04 |
|
Proprietary Ratio
(%) |
4.21 |
|
Total Debt to
Equity Ratio (%) |
95.79 |
Bankers
Subject delcined
to disclose its bank details, from other source we can not obtain the relevant
information, either.
Auditors
|
Name: |
DELOITTE &
TOUCHE LLP |
Interview
Details
|
Name: |
N/A |
Notes: Subject’s staff declined to disclose her
name.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.44.37 |
|
UK Pound |
1 |
Rs.70.84 |
|
Euro |
1 |
Rs.62.96 |
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.