MIRA INFORM REPORT
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Report Date : |
21.07.2011 |
IDENTIFICATION DETAILS
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Name : |
LIM FA PTE LTD |
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Registered Office : |
60 Kaki Bukit Place #01-19 Eunos Techpark Singapore 415979 |
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Country : |
Singapore |
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Date of Incorporation : |
13.01.1998 |
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Com. Reg. No.: |
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Legal Form : |
Limited Exempt Private Company |
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Line of Business : |
Distributor of electronics components and bearings, etc |
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 50,000 |
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Status : |
Moderate |
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Payment
Behaviour : |
No Complaints |
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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) |
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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
Notes: Subject’s exact name and address are as
above.
Credit Summary
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Credit Rating: |
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Credit Opinion: |
Company Identification Details
|
Registered Name: |
LIM FA PTE LTD |
|
Registered
Address: |
60 Kaki Bukit
Place #01-19 Eunos Techpark Singapore 415979 |
|
Date of
Registration:: |
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Registered
Number: |
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Country of
Incorporation: |
Singapore |
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Registered
Capital: |
SGD 400,000 (USD
323,000) (As of 2011.07,
1 SGD = 0.8075 USD) |
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Paid-up Capital: |
SGD 400,000 (USD
323,000) = 400,000 Shares@1 SGD |
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Legal Form: |
Limited Exempt
Private Company |
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Principal
Activities: |
Distributor of
electronics components and bearings, etc |
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Over 90 Employees (including staff in overseas offices) |
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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: |
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History
Subject was incorporated on
Shareholders
|
Subscription Amount |
Proportion of Investment (%) |
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299,999 |
74.9% |
|
|
Fareeda
Mohammedi Manasawala |
100,001 |
25.1% |
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Total |
400,000 |
100% |
Major Shareholder
Information:
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1 |
|
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Name: |
Manasawala Mohammedi
Fazle Husain |
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ID Number: |
S |
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Address: |
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2 |
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Name: |
Fareeda
Mohammedi Manasawala |
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ID Number: |
S2671799Z |
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Address: |
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Subsidiaries
& Branches
It is introduced
that subject has offices in Singapore, India, Italy, USA, while the details are
not disclosed.
Associates
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1 |
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Name: |
Lucky Components
Pvt Ltd |
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Address: |
3rd Floor,
Mistry Building, 635-637 JSS Road, Dhobi Talao, Mumbai 400002, India |
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2 |
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Name: |
Lucky Bearing
Centre |
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Address: |
1st Floor, 188
Nagdevi Street, Mumbai 400003, India |
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3 |
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Name: |
Nisiki India
Private Ltd |
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Address: |
1st Floor,
Silvistan Apartment, Meurine Street, M. G. Road, Kandivali (W), Mumbai,
400067, India |
Manage Information
Detailed
Information of Management:
|
1 |
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Name: |
Manasawala
Mohammedi Fazle Husain |
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Position: |
Director |
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ID Number: |
S |
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Address: |
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Nationality: |
Singapore
Citizen |
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Date of
Appointment: |
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2 |
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Name: |
Fareeda
Mohammedi Manasawala |
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Position: |
DIRECTOR |
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ID Number: |
S2671799Z |
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Address: |
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Nationality: |
Singapore
Citizen |
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Date of
Appointment: |
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3 |
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Name: |
Abdul Majeed S/O
Gulam Kader |
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Position: |
Secretary |
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ID Number: |
S |
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Address: |
3 Delta Avenue
#06-18 Singapore 160003 |
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Nationality: |
Singapore
Citizen |
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Date of
Appointment: |
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Personnel
Structure
|
Total Employees |
Operation Information
Offices
& Factories
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|
Office |
|
Address: |
60 Kaki Bukit Place #01-19 Eunos Techpark
Singapore 415979 |
Production
Information
l
Subject is a distributor of electronics components
and bearings without any production.
Purchase
Information
l
Subject purchases mainly abroad from India, China,
etc
l
Subject carried the brands such as SKF, NMB, NTN,
RHP, NISIKI, FAG, SMZ, KOYO, JYL, etc
Sales
Information
l
Subject is engaged in distribution and trading in
electronics semiconductor devices, bearings and etc
l
Subject also supplies sourcing service for
customers.
l
Subject’s products are both sold in domestic and
overseas and subject has offices in Singapore, India, Italy, and USA to deal
with the local sales.
Settlements
Purchase
Domestic Markets
Subject has little
domestic purchase.
Overseas Markets
|
Products |
Payment Terms |
Proportion |
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Electronics
semiconductor devices, bearings and etc |
CBD, etc |
100% |
Domestic Markets
|
Sales Terms |
Proportion |
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Electronics
semiconductor devices, bearings and etc |
CBD, etc |
100% |
Overseas Markets
|
Product |
Sales Terms |
Proportion |
|
Electronics semiconductor
devices, bearings and etc |
CBD, etc |
100% |
Financial Information
Subject has no
obligations to disclose its financial statements to the third party according
to the relevant policy in Singapore and the only source from which we can
obtain the information is the subject itself.
Subject declined
to disclose the financial information citing the grounds of company’s
confidentiality; from other source we can not obtain the relevant information,
either.
Bankers
Bank Charges:
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1 |
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Charge Number |
C200600081 |
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Date of Registration |
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United Overseas
Bank Limited |
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Amount Secured |
All Monies |
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2 |
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Charge Number |
C201002951 |
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Date of Registration |
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Name |
United Overseas
Bank Limited |
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Amount Secured |
All Monies |
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3 |
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Charge Number |
C201012486 |
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Date of Registration |
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Name |
United Overseas
Bank Limited |
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Amount Secured |
All Monies |
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4 |
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Charge Number |
C201102266 |
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Date of Registration |
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Name |
United Overseas
Bank Limited |
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Amount Secured |
All Monies |
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5 |
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Charge Number |
C201102585 |
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Date of Registration |
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Name |
United Overseas
Bank Limited |
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Amount Secured |
All Monies |
Auditors
|
Name: |
Feroz Khan & Co |
Interview Details
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Department: |
Sales department
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FOREIGN EXCHANGE RATES
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Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.44.46 |
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UK Pound |
1 |
Rs.71.67 |
|
Euro |
1 |
Rs.62.94 |
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.