MIRA INFORM REPORT
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Report Date : |
28.07.2011 |
IDENTIFICATION DETAILS
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Name : |
SIN HONG HARDWARE PTE LTD |
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Registered Office : |
42 Syed Alwi Road Singapore 207633 |
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Country : |
Singapore |
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Date of Incorporation : |
31.12.1988 |
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Com. Reg. No.: |
198804801Z |
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Legal Form : |
Private Limited Liability Company |
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Line of Business : |
Wholesale and retail of fastener |
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 60,000 |
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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
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Company Name: |
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Supplied Name: |
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Supplied Address: |
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Fax Number: |
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Credit
Summary
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Credit Rating: |
Company
Identification Details
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Registered Name: |
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Registered Address: |
42 Syed Alwi Road Singapore
207633,Singapore |
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Date of Registration:: |
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Registered Number: |
198804801Z |
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Country of Incorporation: |
Singapore |
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Registered Capital: |
SGD5,000,000.00 (USD 4,159,420 ) (As of 2011.07, 1 SGD = 0.83188 USD) |
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Paid-up Capital: |
SGD5,000,000.00 (USD 4,159,420 ) =
5,000,000 Shares@ 1 SGD |
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Legal Form: |
Private Limited Liability Company |
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Principal Activities: |
Wholesale and retail of fastener. |
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N/A |
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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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Notes:
The staff number is not available from the
subject or other sources.
History
Subject was
incorporated on
Shareholders
|
Subscription
Amount |
Proportion
of Investment (%) |
|
|
EASTGATE TECHNOLOGY LTD |
5,000,000 |
100% |
|
Total |
5,000,000 |
100% |
Major Shareholder Information:
|
Name: |
EASTGATE TECHNOLOGY LTD |
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Registered Number: |
198905519R |
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Address: |
20 Tampines Street 92 Singapore 528875 |
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Place of Origin |
Singapore |
Subsidiaries &
Branches
Subsidiary:
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Name: |
MST Precision Pte Ltd |
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Place: |
Singapore |
Manage
Information
Detailed Information of Management:
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1 |
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Name: |
TEO TECK LEONG |
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Position: |
Director |
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ID Number: |
S1131653J |
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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: |
TEO CHER CHEONG |
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Position: |
Director |
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ID Number: |
S1141861I |
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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: |
TOH AH HOI |
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Position: |
Secretary |
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ID Number: |
S1218050J |
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Address: |
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Nationality: |
Singapore Citizen |
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Date of Appointment: |
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4 |
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Name: |
CHEUNG CHUAN WOO |
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Position: |
Secretary |
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ID Number: |
S1259570J |
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Address: |
602 Yishun Street 61 #07-369 Singapore
760602 |
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Nationality: |
Singapore Citizen |
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Date of Appointment: |
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5 |
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Name: |
TEO ENG THIAN |
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Position: |
Director |
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ID Number: |
S6945387B |
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Address: |
127 Thomson Ridge Thomson Ridge Estate
Singapore 574709 |
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Nationality: |
Singapore Citizen |
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Date of Appointment: |
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6 |
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Name: |
TEO ENG SHING |
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Position: |
Director |
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ID Number: |
S |
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Address: |
1B Cantonment Road #42-23 Pinnacle@Duxton,
The Singapore 085201 |
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Nationality: |
Singapore Citizen |
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Date of Appointment: |
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Operation
Information
Offices & Factories
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|
Office |
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Address: |
Production Information
l
Subject
is a trader of the fasteners, nuts, screws and so on.
Purchase
l
The products
are mostly purchased from both local Singapore and abroad.
Sales Information
l
Subject
is mainly involved in wholesaling and retailing of fasteners, nuts, screws and
so on.
l
Subject’s
products are supplied by not only some suppliers but also its subsidiary:
l
Subject’s
products sell to local Singapore, also export to other countries, and cover the
South East. Asia to South America in the west and Fiji in the east.
Settlements
Purchase
Domestic
Markets
|
Products |
Payment
Terms |
Proportion |
|
Fasteners, nuts, screws |
COB,
etc. |
100% |
Overseas
Markets
|
Products |
Payment
Terms |
Proportion |
|
Fasteners, nuts, screws |
T.T in
advanced, L/C, etc |
100% |
Domestic
Markets
|
Sales
Terms |
Proportion |
|
|
Fasteners, nuts, screws |
COB,
etc. |
100% |
Overseas
Markets
|
Product |
Sales
Terms |
Proportion |
|
Fasteners, nuts, screws |
T.T in
advanced, L/C, etc |
100% |
Financial
Information
Subject has no obligations
to disclose its financial statements to the third party according to the
relevant policy in Taiwan and the only source from which we can obtain the
information is the subject itself.
Subject’s relevant
staff declined to disclose its financials citing the grounds of company’s
confidentiality; from other source we can not obtain the relevant information,
either.
Bankers
Bankers’
information is not available from the subject or other sources
Auditors
|
Name: |
BDO LLP |
Public
Charges
|
Charge 1 |
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Charge Number: |
C200706038 |
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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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Charge 2 |
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Charge Number: |
C200904925 |
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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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Charge 3 |
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Charge Number: |
C200905592 |
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Date of Registration: |
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Name: |
AUSTRALIA AND NEW ZEALAND BANKING GROUP
LIMITED |
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Amount Secured: |
All Monies |
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Charge 5 |
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Charge Number: |
C201002927 |
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Date of Registration: |
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Name: |
MALAYAN BANKING BERHAD |
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Amount Secured: |
All Monies |
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Charge 5 |
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Charge Number: |
C201104828 |
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Date of Registration: |
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Name: |
MALAYAN BANKING BERHAD |
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Amount Secured: |
All Monies |
Interview
Details
|
Name: |
Mr. Wong |
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.43.95 |
|
UK Pound |
1 |
Rs.72.12 |
|
Euro |
1 |
Rs.63.67 |
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 |
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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 |
|
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.