MIRA
INFORM REPORT
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Report Date : |
07.11.2011 |
IDENTIFICATION DETAILS
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Name : |
AKASH TRADING PTE LTD |
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Registered Office : |
1 North Bridge Road#B1-22 High Street Centre Singapore 179094 |
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Country : |
Singapore |
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Date of Incorporation : |
12.02.1998 |
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Com. Reg. No.: |
199800679G |
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Legal Form : |
Limited Exempt Private Company |
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LINE OF BUSINESS : |
GENERAL WHOLESALE TRADE (INCLUDING GENERAL IMPORTERS AND
EXPORTERS) |
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 20,000 |
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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 – September 30, 2011
|
Country Name |
Previous Rating (30.06.2011) |
Current Rating (30.09.2011) |
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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
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Company Name: |
Akash Trading
Pte Ltd |
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Supplied Name: |
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1 North Bridge Road#B1-22 High Street Centre Singapore 179094 |
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Supplied
Address: |
#B1-22, High Street, Centre No 1 North Bridge Road Singapore |
Credit Summary
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Credit Rating: |
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Credit Opinion: |
Special Note
According to the supplied
telephone number (+65 6683-1463), we contacted subject, but the phone is
working, there’s no one answered the phone, and according to the name and
address, we couldn’t find any other contact methods.
The registration
files show that subject is engaged in wholesaling on a fee or contract basis,
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
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Registered Name: |
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Registered
Address: |
1 North Bridge Road#B1-22 High Street Centre Singapore 179094 |
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Date of
Registration:: |
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Registered
Number: |
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Country of
Incorporation: |
Singapore |
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Paid-up Capital: |
SGD 300,000.00
(USD ) = Shares@1 SGD (As of 2011.11 1
SGD = 0.8133 USD) |
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Legal Form: |
Limited Exempt
Private Company |
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Principal
Activities: |
46900 General
wholesale trade (including general importers and exporters) 46100 Wholesale
on a fee or contract basis (eg commission agents) |
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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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The staff number
is not available from the subject or other sources.
History
Subject was incorporated on
Shareholders
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Subscription
Amount |
Proportion of
Investment (%) |
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|
ABDUL KAREEM ASHIQ MOHAMED |
300,000 |
100% |
Major Shareholder
Information:
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Name: |
ABDUL KAREEM ASHIQ MOHAMED |
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ID Number: |
S7185972Z |
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Address: |
28 Jalan Klinik #03-57 Singapore 160028 |
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Nationality: |
Singapore P.R. |
Subsidiaries & Branches
Manage Information
Detailed
Information of Management:
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1 |
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Name: |
SIKKENDAR KALEEL IBRAHIM |
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Position: |
Secretary |
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ID Number: |
S6882253Z |
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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: |
ABDUL KAREEM ASHIQ MOHAMED |
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Position: |
Director |
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ID Number: |
S7185972Z |
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Address: |
28 Jalan Klinik#03-57 Singapore 160028 |
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Nationality: |
Singapore P.R. |
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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: |
1 North Bridge
Road#B1-22 High Street Centre Singapore 179094 |
Operation
Information
We contacted the subject unsuccessfully.
We obtained the registered activities of the subject as follows for
reference.
|
Business Code |
Details |
|
70201 |
Business and
management consultancy services |
Settlements
We couldn’t
contact the subject successfully, and the settlement information is not
available from the subject or other sources.
Financial Information
The financial information is not available from the subject or other
sources.
Bankers
The bankers’ information is not available from the subject or other
sources. And we couldn’t contact subject, so we couldn’t confirm the bank
United Overseas Bank Ltd and other information
Auditors
|
Name: |
R. ASHRAFF ALI
& CO |
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.49.08 |
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|
1 |
Rs.78.65 |
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Euro |
1 |
Rs.67.79 |
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 |
-- |
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.