MIRA INFORM REPORT
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Report Date : |
29.11.2011 |
IDENTIFICATION DETAILS
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Name : |
RICHILL INDUSTRIES PTE. LTD. |
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Registered Office : |
5 Kian Teck Road Singapore 628765 |
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Country : |
Singapore |
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Date of Incorporation : |
31.08.1985 |
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Com. Reg. No.: |
198501864H |
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Legal Form : |
Limited Exempt Private Company |
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Line of Business : |
Trading of industrial chemicals, etc |
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No. of Employees
: |
Not Available |
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 40,000 |
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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 30th, 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: |
Richill Industries Pte. Ltd. |
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Supplied Name: |
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Supplied
Address: |
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Fax Number: |
Notes: Subject’s exact name and address are as
above.
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:: |
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Registered
Number: |
198501864H |
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Country of
Incorporation: |
Singapore |
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Registered
Capital: |
SGD 500,000 (USD
383,800) (As of 2011.11,
1 SGD = 0.7676 USD) |
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Paid-up Capital: |
SGD 500,000 (USD
383,800) = 500,000 Shares@1 SGD |
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Legal Form: |
Limited Exempt
Private Company |
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Principal
Activities: |
Trading of
industrial chemicals, 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: |
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Notes: Subject’s Registered
Number is as above and we can not confirm the supplied number GST Reg.
M2-0070942-0. and the staff number is not available from subject or other
sources.
History
Subject was incorporated on
Shareholders
|
Subscription Amount |
Proportion of Investment (%) |
|
|
499,990 |
99.998% |
|
|
Tan Sok Moey Mdm |
10 |
0.002% |
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Total |
500,000 |
100% |
Major Shareholder Information:
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1 |
|
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Name: |
Ler Lin Hwee |
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ID Number: |
S0744020J |
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Address: |
74 Lorong Ah Soo
Singapore 536720 |
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2 |
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Name: |
Tan Sok Moey Mdm |
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ID Number: |
S1130774D |
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Address: |
74 Lorong Ah Soo
Singapore 536720 |
Subsidiaries & Branches
Subject did not
introduce whether it has any subsidiaries or branches, from other source we can
not obtain the relevant information, either.
Management
Information
Core Management
Detailed
Information of Management:
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1 |
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Name: |
Ler Lin Hwee |
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Position: |
Director |
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ID Number: |
S0744020J |
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Address: |
74 Lorong Ah Soo
Singapore 536720 |
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Nationality: |
Singapore
Citizen |
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Date of
Appointment: |
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2 |
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Name: |
Tan Sok Moey Mdm |
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Position: |
Director |
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ID Number: |
S1130774D |
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Address: |
74 Lorong Ah Soo
Singapore 536720 |
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Nationality: |
Singapore
Citizen |
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Date of
Appointment: |
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3 |
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Name: |
Ong Lee Hock
Jeffrey |
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Position: |
Secretary |
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ID Number: |
S1247125D |
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Address: |
740 Tampines Street
72 #09-62 Singapore 520740 |
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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 industrial
chemicals without any production activities.
Purchase
Information
l
It is introduced that subject
purchases solvents and other chemicals both at home and abroad.
Sales
Information
l
Subject is engaged in sales of chemicals and it is
introduced that subject’s major products are solvents, etc
l
Subject’s products are both sold in domestic and
overseas market.
Settlements
Purchase
Domestic Markets
|
Products |
Payment Terms |
Proportion |
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Solvents And Other
Chemicals |
COD, CBD, etc |
100% |
Overseas Markets
|
Products |
Payment Terms |
Proportion |
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Solvents And
Other Chemicals |
CBD, etc |
100% |
Domestic Markets
|
Sales Terms |
Proportion |
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Solvents And
Other Chemicals |
COD, CBD, etc |
100% |
Overseas Markets
|
Product |
Sales/Payment
Terms |
Proportion |
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Solvents And
Other Chemicals |
T/T in advance,
etc |
100% |
Financial
Information
We did not find any
financial information of subject from local registry, and the only source from
which we can obtain the relevant information should be the subject itself.
Subject did not
introduce the financial information citing the grounds of company’s
confidentiality; from other source we can not obtain the relevant information,
either.
Bankers
Subject did not introduce its bank details; from other source we can not obtain the relevant information, either.
Auditors
|
Name: |
KONG, LIM &
PARTNERS LLP |
Interview
Details
|
Name: |
Mr. Chan |
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Position: |
Salesman |
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Department: |
Sales department
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FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.51.98 |
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UK Pound |
1 |
Rs.80.59 |
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Euro |
1 |
Rs.69.12 |
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 |
|
<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.