MIRA INFORM REPORT
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Report Date : |
27.07.2011 |
IDENTIFICATION DETAILS
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Name : |
S.A. INTERIOR FABRICS PTE. LTD. |
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Registered Office : |
61 Kaki Bukit Avenue 1 #05-29 Shun Li Industrial Park
Singapore 417943 |
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Country : |
Singapore |
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Date of Incorporation : |
11.12.2009 |
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Com. Reg. No.: |
200923153G |
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Legal Form : |
Private Limited Liability Company |
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Line of Business : |
Retailer for all types of fabrics and textile materials |
RATING & COMMENTS
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MIRA’s Rating : |
B |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
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 : |
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) |
|
Singapore |
a1 |
a1 |
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Risk Category |
ECGC
Classification |
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Insignificant |
A1 |
|
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: |
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Supplied Name: |
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No 61 Kako Bukit
Ave 1 05-29 Shunli Industrial Park Singapore 417943, Singapore |
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Supplied Address: |
No 61 Kako Bukit Ave 1 05-29 Shunli
Industrial Park Singapore 417943, Singapore |
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: |
61 Kaki Bukit
Avenue 1 #05-29 Shun Li Industrial Park Singapore 417943 |
|
Date of Registration:: |
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Registered Number: |
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Country of Incorporation: |
Singapore |
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Registered Capital: |
(As of 2011.07, 1 SGD = 0.8298 USD) |
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Paid-up Capital: |
SGD 100,000 (USD
82,980) = 100,000 Shares@1 SGD |
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Legal Form: |
Private Limited Liability Company |
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Principal Activities: |
Retailer For All Types Of Fabrics And Textile Materials |
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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
Unit:
SGD
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Subscription
Amount |
Proportion
of Investment (%) |
|
|
50% |
||
|
50,000 |
50% |
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|
Total |
100,000 |
100% |
Major Shareholder Information:
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1 |
|
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Name: |
Vimal Kumar Prem Bharwani |
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Value: |
SGD
50,000 |
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ID Number: |
P779920 |
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Address: |
JL Mangunsarkoro No 36 Rt/Rw 001/007,
Menteng, Jakarta Pusat |
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Nationality: |
Indonesian |
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2 |
|
|
Name: |
Prem Lalchand Bharwani |
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Value: |
SGD 50,000 |
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ID Number: |
R825429 |
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Address: |
JL Merpati I No 1-2, Rt/Rw:004/010 Gunung Sahari
Slt, Kemayoran, Jakarta Pusat |
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Nationality: |
Indonesian |
Subsidiaries &
Branches
Manage
Information
Detailed Information of Management:
|
1 |
|
|
Name: |
Vimal Kumar Prem Bharwani |
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Position: |
Director |
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ID Number: |
P779920 |
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Address: |
JL Mangunsarkoro No 36 Rt/Rw 001/007,
Menteng, Jakarta Pusat |
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Nationality: |
Indonesian |
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Date of Appointment: |
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2 |
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Name: |
|
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Position: |
Director |
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ID Number: |
R825429 |
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Address: |
JL Merpati I No 1-2, Rt/Rw:004/010 Gunung
Sahari Slt, Kemayoran, Jakarta Pusat |
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Nationality: |
Indonesian |
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Date of Appointment: |
|
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3 |
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Name: |
Lim Siew Mui Margaret |
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Position: |
Director |
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ID Number: |
S1462911D |
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Address: |
14 Moonbeam View Holland Gardens Singapore
277268 |
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Nationality: |
Singapore Citizen |
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Date of Appointment: |
|
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4 |
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Name: |
Seet Su Meng |
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Position: |
Secretary |
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ID Number: |
S1601987I |
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Address: |
417 Ang Mo Kio Avenue 10 #09-1021 Singapore
560417 |
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Nationality: |
Singapore Citizen |
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Date of Appointment: |
|
Personnel Structure
|
Total Employees |
Operation
Information
Offices & Factories
|
|
Office |
|
Address: |
61 Kaki Bukit Avenue
1 #05-29 Shun Li Industrial Park Singapore 417943 |
Purchase
l
The
company purchases fabrics and textile materials.
l
The
subject purchases from
foreign countries.
Sales Information
l
The
subject is engaged in sales of fabrics and textile
materials.
l
The
subject sells products in domestic markets.
Settlements
Purchase
Domestic
Markets
The subject seldom purchases from domestic
markets.
Overseas
Markets
|
Products |
Payment Terms |
Proportion |
Domestic
Markets
|
Sales Terms |
Proportion |
|
|
Fabrics
and textile materials |
CBD, etc |
100% |
Overseas
Markets
The subject seldom exports.
Financial
Figures
|
Year |
Sales |
|
2010 |
About USD 3,000,000 |
Notes: The person declined to disclose her name.
Bankers
Open Account Bank
|
DBS
Bank |
Auditors
|
Name: |
Lee S F & Co |
Public
Charges
No information was found from local registry
or other sources.
Interview
Details
|
Name: |
Prem Lalchand Bharwani |
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.44.29 |
|
UK Pound |
1 |
Rs.72.37 |
|
Euro |
1 |
Rs.64.17 |
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 |
|
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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.