MIRA INFORM REPORT
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Report Date : |
27.07.2011 |
IDENTIFICATION DETAILS
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Name : |
STYROLUTION SOUTH EAST ASIA PTE. LTD. |
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Formerly Known As : |
BASF STYRENICS
SOUTH EAST ASIA PTE. LTD. |
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Registered Office : |
7 Temasek Boulevard #35-01 Suntec Tower One Singapore 038987 |
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Country : |
Singapore |
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Financials (as on) : |
31.12.2010 |
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Date of Incorporation : |
12.09.2008 |
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Com. Reg. No.: |
200818085M |
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Legal Form : |
Limited Private Company |
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Line of Business : |
Activities of head and regional head offices |
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 10,000 |
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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 |
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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
Credit
Summary
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Credit Rating: |
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Credit Opinion: |
Special
Notes
According to the
supplied name and address, we couldn’t find any information on telephone number,
fax number and E-mail, and if you can supply a photocopy of subject's
letterhead, a current telephone or fax number for the company, we shall be
pleased to have the investigation resumed.
The registration files show that subject is engaged
activities of head and regional head offices, since we did not get in touch
with subject, we can not confirm the information.
We found subject’s registration information
as follows for reference.
Company
Identification Details
The staff number is not available from the
subject or other sources.
History
Subject was incorporated on
|
Date |
Change |
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|
BASF
STYRENICS SOUTH EAST ASIA PTE. LTD. |
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STYROLUTION
SOUTH EAST ASIA PTE. LTD. |
Shareholders
|
Subscription
Amount |
Proportion
of Investment (%) |
|
|
BASF SOUTH EAST ASIA PTE. LTD. |
6,441,501 |
100% |
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Total |
6,441,501 |
100% |
Major Shareholder Information:
|
Name: |
BASF SOUTH EAST ASIA PTE. LTD. |
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ID Number: |
197801536N |
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Address: |
7 Temasek Boulevard #35-01 Suntec Tower One
Singapore 038987 |
Subsidiaries &
Branches
Subject did not
register any subsidiaries or branches, from other source we can not obtain the
relevant information, either.
Manage
Information
Detailed Information of Management:
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1 |
|
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Name: |
CHANG HYUNG TAE |
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Position: |
Director |
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ID Number: |
1773311 |
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Address: |
99 Farrer Drive #01-02 Sommerville Park
Singapore 259293 |
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Nationality: |
Korean, South |
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Date of Appointment: |
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2 |
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Name: |
TAM YIU ON |
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Position: |
Director |
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ID Number: |
F1723096N |
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Address: |
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Nationality: |
British |
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Date of Appointment: |
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3 |
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Name: |
LENG SIEW WEI ALOYSIUS |
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Position: |
Secretary |
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ID Number: |
S0081886J |
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Address: |
526 East Coast Road #05-02 Ocean Park
Singapore 458968 |
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Nationality: |
Singapore Citizen |
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Date of Appointment: |
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4 |
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Name: |
JOANE LEONG LAI FUN |
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Position: |
Director |
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ID Number: |
S1527868D |
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Address: |
136B Hillview Avenue #08-06 Merawoods
Singapore 669607 |
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Nationality: |
Singapore Citizen |
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Date of Appointment: |
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5 |
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Name: |
TAN TER YEE |
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Position: |
Secretary |
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ID Number: |
S1654262H |
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Address: |
17 Hume Avenue #04-01 Hume Park I Singapore
598726 |
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Nationality: |
Singapore Citizen |
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Date of Appointment: |
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Operation
Information
Offices & Factories
|
|
Office |
|
Address: |
7 Temasek Boulevard #35-01 Suntec Tower One
Singapore 038987 |
We contacted the
subject unsuccessfully.
We obtained the
registered activities of the subject as follows for reference.
|
Business Code |
Details
|
|
70101 |
Activities
Of Head And Regional Head Offices |
Settlements
We couldn’t contact the subject successfully,
and the settlement information is not available from the subject or other
sources.
Balance
Sheet
Unit: USD
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Total Liabilities |
0.00 |
0.00 |
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Total Current Liabilities |
0.00 |
0.00 |
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Total Non-Current Liabilities |
0.00 |
0.00 |
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Total Equity f.k.a [Shareholder's Funds] |
1.00 |
1.00 |
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Paid-Up Capital |
N.A. |
N.A. |
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Share Capital |
1.00 |
1.00 |
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Other Reserves, Total f.k.a. [Reserves] |
0.00 |
0.00 |
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Retained Earnings/(Accumulated Loss) |
0.00 |
0.00 |
Profit/Loss
Account
Unit: USD
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2010 |
2009 |
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Revenue f.k.a [Sales Turnover And Other Operating Revenues] |
0.00 |
0.00 |
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Profit/(Loss) before Tax from Continuing Operations f.k.a [Profit/(Loss) before tax] |
0.00 |
0.00 |
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Profit/(Loss) after Tax from Continuing Operations f.k.a [Profit/(Loss) After Tax] |
0.00 |
0.00 |
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Net Income/(Loss) From Extraordinary And
Non-Operating Items |
N.A. |
N.A. |
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Profit/(Loss) After Tax and Extraordinary Items |
N.A. |
N.A. |
Bankers
The bankers’ information is not available
from the subject or other sources.
Auditors
|
Name: |
KPMG LLP |
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 |
|
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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 |
|
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 |
|
<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.