MIRA INFORM REPORT
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Report Date : |
09.11.2011 |
IDENTIFICATION DETAILS
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Name : |
HI-CHEM INTERNATIONAL INC. PTE LTD |
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Registered Office : |
12 Arumugam Road, #02-02, Lion Building B Singapore 409958 |
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Country : |
Singapore |
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Financials (as on) : |
2007 |
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Date of Incorporation : |
10.02.2000 |
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Com. Reg. No.: |
200001105D |
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Legal Form : |
Private Limited Liability Company |
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Line of Business : |
Manufacture and sales
of sealant & coating materials, electronics assembly &
electronics industries sealant, raw materials, etc. |
RATING & COMMENTS
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MIRA’s Rating : |
Ba |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
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Maximum Credit Limit : |
USD 30,000 |
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Status : |
Satisfactory |
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Payment
Behaviour : |
Usually Correct |
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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 30th, 2011
|
Country Name |
Previous Rating (30.06.2011) |
Current Rating (30.09.2011) |
|
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: |
Hi-Chem International Inc. Pte Ltd |
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Supplied Name: |
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Supplied
Address: |
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Fax Number: |
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Notes: The exact subject’s name and address are as
above mentioned.
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: |
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Date of
Registration:: |
2000-2-10 |
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Registered
Number: |
200001105D |
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Country of
Incorporation: |
Singapore |
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Registered
Capital: |
SGD 430,000.00
(USD 338,405.70) (As of 2011.11,
1 SGD = 0.78699 USD) |
|
Paid-up Capital: |
SGD 430,000.00
(USD 338,405.70) = 430,000Shares@1 SGD |
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Legal Form: |
Private Limited
Liability Company |
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Principal
Activities: |
Manufacture and
sales of sealant & coating materials, electronics assembly &
electronics industries sealant, raw materials, etc. |
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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: |
2010-12-16 |
Notes: Subject rejected
to disclose the staff number, and we could not obtain that form other sources,
either.
History
Subject was incorporated on 2000-2-10 with registered number 200001105D as
Private Limited Liability Company in Singapore.
Shareholders
|
Subscription Amount |
Proportion of Investment (%) |
|
|
Teo Gek Nam |
430,000.00 |
100% |
|
Total |
430,000.00 |
100% |
Major Shareholder
Information:
|
Name: |
Teo Gek Nam |
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ID Number: |
S |
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Address: |
820 Yishun
Street 81 #10-660 Singapore, 760820 |
Management
Information
Detailed
Information of Management:
|
1 |
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Name: |
Teo Gek Nam |
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Position: |
Director |
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ID Number: |
S |
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Address: |
820 Yishun
Street 81, |
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Nationality: |
Singapore
Citizen |
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Date of
Appointment: |
2000-6-30 |
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2 |
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Name: |
Choo Lai Moi |
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Position: |
Director |
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ID Number: |
S |
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Address: |
418 Pasir Ris
Drive 6, #06-307, Singapore 510418 |
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Nationality: |
Singapore
Citizen |
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Date of
Appointment: |
2011-05-18 |
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3 |
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Name: |
Fadhillah Goh
Kassim |
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Position: |
Secretary |
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ID Number: |
S1343564B |
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Address: |
57 Jalan Mas
Kuning, Pasir Panjang Gardens Singapore 128749 |
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Nationality: |
Singapore
Citizen |
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Date of
Appointment: |
2005-7-29 |
Operation
Information
Offices
& Factories
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Office |
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Address: |
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Factory |
|
Address: |
In Singapore
(Details unknown) |
Purchase
l
Subject produces sealant & coating materials, electronics assembly & electronics
industries sealant, raw materials, etc.
l
The components and raw material for production are
mostly purchased from Singapore and abroad.
l
The subject has a
proportion of 50% for Import
Sales
Information
l
Subject is engaged in the sales of sealant &
coating materials, electronics
assembly & electronics industries sealant, raw materials, etc.
l
Subject has both domestic and foreign markets.
l
Subject exports to Asian countries, Europe, and
America.
Settlements
Purchase
Domestic Markets
|
Products |
Payment Terms |
Proportion |
|
Raw materials |
CBD, etc. |
100% |
Overseas Markets
|
Products |
Payment Terms |
Proportion |
|
Raw materials |
CBD, etc. |
100% |
Domestic Markets
|
Sales Terms |
Proportion |
|
|
Sealant & coating materials, electronics assembly &
electronics industries sealant, raw materials, etc. |
CBD, etc. |
100% |
Overseas Markets
|
Product |
Sales Terms |
Proportion |
|
Sealant & coating materials, electronics assembly &
electronics industries sealant, raw material, etc. |
CBD, etc. |
100% |
Profit/Loss
Account
Unit: SGD
|
Date |
2007 |
2006 |
2005 |
|
Revenue f.k.a [Sales Turnover And Other Operating Revenues] |
3,409,870.00 |
780,120.00 |
721,649.00 |
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Profit/(Loss) before Tax from Continuing Operations f.k.a [Profit/(Loss) before tax] |
314,802.00 |
14,069.00 |
23,249.00 |
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Profit/(Loss) after Tax from Continuing Operations f.k.a [Profit/(Loss) After Tax] |
310,907.00 |
14,069.00 |
23,385.00 |
|
Net Income/(Loss) From Extraordinary And Non-Operating
Items |
2,442.00 |
0.00 |
0.00 |
|
Profit/(Loss) After Tax and Extraordinary Items |
313,349.00 |
14,069.00 |
23,385.00 |
|
Total Assets |
1,603,822.00 |
598,726.00 |
450,877.00 |
|
Total Current Assets |
1,348,997.00 |
558,087.00 |
450,787.00 |
|
Total Non-Current Assets f.k.a. [Fixed And Others] |
254,825.00 |
40,639.00 |
90.00 |
|
Total Liabilities |
1,169,651.00 |
475,462.00 |
341,682.00 |
|
Total Current Liabilities |
1,077,908.00 |
409,707.00 |
332,988.00 |
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Total Non-Current Liabilities |
91,743.00 |
65,755.00 |
8,694.00 |
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Total Equity f.k.a [Shareholder's Funds] |
434,171.00 |
123,264.00 |
109,195.00 |
|
Paid-Up Capital |
430,000.00 |
430,000.00 |
430,000.00 |
|
Share Capital |
- |
- |
- |
|
Other Reserves, Total f.k.a. [Reserves] |
4,171.00 |
0.00 |
0.00 |
|
Retained Earnings/(Accumulated Loss) |
0.00 |
(306,736.00) |
(320,805.00) |
Financial
Ratio
|
Date |
2007 |
2006 |
2005 |
|
Rate of Net Profit on Sales (%) |
9.12 |
1.80 |
3.24 |
|
Return of Investment (%) |
19.39 |
2.35 |
5.19 |
|
Return of Shareholder's Funds (%) |
71.61 |
11.41 |
21.42 |
|
Total Assets Turnover (%) |
2.13 |
1.30 |
1.60 |
|
Current/Working Capital Ratio (%) |
1.25 |
1.36 |
1.35 |
|
Proprietary Ratio (%) |
27.07 |
20.59 |
24.22 |
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Total Debt to Equity Ratio (%) |
72.93 |
79.41 |
75.78 |
Auditors
|
Name: |
Vc Assurance Pac |
Public
Charges
|
Charge Number: |
C201010664 |
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Date of
Registration: |
2010-11-10 |
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Name: |
Malayan Banking
Berhad |
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Amount Secured: |
All Monies |
Interview
Details
|
Name: |
Ms. Yu |
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E-mail: |
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.49.38 |
|
UK Pound |
1 |
Rs.79.20 |
|
Euro |
1 |
Rs.67.84 |
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 |
|
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 |
|
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.