MIRA
INFORM REPORT
|
Report Date : |
22.07.2011 |
IDENTIFICATION DETAILS
|
Name : |
SIN HONG HARDWARE PTE LTD |
|
|
|
|
Registered Office : |
No. 3 Kian Teck Crescent Singapore, 628881 |
|
|
|
|
Country : |
Singapore |
|
|
|
|
Date of Incorporation : |
NA |
|
|
|
|
Com. Reg. No.: |
198804801Z |
|
|
|
|
Legal Form : |
Private Independent |
|
|
|
|
Line of Business : |
Plumbing Goods Wholesaling |
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 : |
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 |
Company name
Sin Hong Hardware Pte Ltd
No. 3 Kian Teck Crescent
Singapore, 628881
Singapore
Tel:+65 62651555
Fax: +65 62650555
summary
Employees: 50
Company Type: Private Independent
Reporting Singapore
Currency Dollar
Annual Sales: NA
Total Assets: NA
Business Description
|
Sin Hong Hardware Pte Ltd is primarily engaged in the merchant
wholesale distribution of plumbing equipment, hydronic heating equipment,
household-type gas appliances (except gas clothes dryers), and/or supplies. |
Industry
|
Industry |
Miscellaneous Capital Goods |
|
ANZSIC 2006: |
3332 - Plumbing Goods Wholesaling |
|
NACE 2002: |
5154 - Wholesale of hardware, plumbing and
heating equipment and supplies |
|
NAICS 2002: |
423720 - Plumbing and Heating Equipment
and Supplies (Hydronics) Merchant Wholesalers |
|
UK SIC 2003: |
5154 - Wholesale of hardware, plumbing and
heating equipment and supplies |
|
US SIC 1987: |
5074 - Plumbing and Heating Equipment and Supplies
(Hydronics) |
|
|
|
Key Executives
|
||||||||||||||||
|
|
News |
|
|
|
||||||||||||
|
1 - Profit & Loss Item Exchange Rate: USD 1 = SGD 1.415335
2 - Balance Sheet Item Exchange Rate: USD 1 = SGD 1.44075
Corporate Overview
|
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Executives Report
|
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.44.43 |
|
|
1 |
Rs.71.89 |
|
Euro |
1 |
Rs.63.41 |
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.