MIRA INFORM REPORT
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Report Date : |
30.11.2011 |
IDENTIFICATION DETAILS
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Name : |
ECOMEC INTERNATIONAL PTE. LTD. |
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Registered Office : |
20 Maxwell Road #07-18J Maxwell House Singapore 069113 |
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Country : |
Singapore |
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Date of Incorporation : |
17.01.2006 |
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Com. Reg. No.: |
200600760W |
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Legal Form : |
Limited Exempt Private Company |
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Line of Business : |
Trading of 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 30,000 |
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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: |
Ecomec International Pte. Ltd. |
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Supplied Name: |
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Supplied
Address: |
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Fax Number: |
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E-mail: |
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: |
200600760W |
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Country of
Incorporation: |
Singapore |
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Registered
Capital: |
SGD 340,000 (USD
260,984) (As of 2011.11,
1 SGD = 0.7676 USD) |
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Paid-up Capital: |
SGD 340,000 (USD
260,984) = 340,000 Shares@1 SGD |
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Legal Form: |
Limited Exempt
Private Company |
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Principal
Activities: |
Trading of
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: the staff number
is not available from subject or other sources.
History
Subject was incorporated on
Shareholders
|
Subscription Amount |
Proportion of Investment (%) |
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166,600 |
49% |
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|
Raju Rajan |
173,400 |
51% |
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Total |
340,000 |
100% |
Major Shareholder
Information:
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1 |
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Name: |
Kodikkakathu
Prabhavathi Rajan |
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ID Number: |
A3907560 |
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Address: |
66 Telok Blangah
Road #03-15 Singapore 098830 |
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2 |
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Name: |
Raju Rajan |
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ID Number: |
S7260128I |
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Address: |
42 Everton Road
#16-04 Asia Garden Singapore 089394 |
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
Detailed
Information of Management:
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1 |
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Name: |
Kodikkakathu
Prabhavathi Rajan |
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Position: |
Director |
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ID Number: |
A3907560 |
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Address: |
66 Telok Blangah
Road #03-15 |
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Nationality: |
Indian |
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Date of
Appointment: |
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2 |
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Name: |
Tean Bee Lay |
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Position: |
Secretary |
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ID Number: |
S1172638J |
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Address: |
128 Bishan
Street 12 #08-235 Singapore 570128 |
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Nationality: |
Singapore
Citizen |
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Date of
Appointment: |
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3 |
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Name: |
Raju Rajan |
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Position: |
Director |
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ID Number: |
S7260128I |
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Address: |
42 Everton Road
#16-04 Asia Garden Singapore 089394 |
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Nationality: |
Singapore P.R. |
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Date of
Appointment: |
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4 |
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Name: |
Raju Rajan |
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Position: |
Managing
Director |
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ID Number: |
S7260128I |
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Address: |
42 Everton Road #16-04
Asia Garden Singapore 089394 |
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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: |
Production
Information
l
Subject is a trader of chemicals without any
production activities.
Purchase
Information
l
It is introduced that subject mainly purchases
abroad from India, etc
Sales
Information
l
Subject is mainly engaged in sales of chemicals and
its major products are Mangnese Dioxide
l
Subject’s products are both sold in domestic and
overseas market and it is introduced that subject can sell its products from
the original place directly to customers.
Settlements
Purchase
Domestic Markets
Subject has little
domestic purchase
Overseas Markets
|
Products |
Payment Terms |
Proportion |
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Mangnese
Dioxide, etc |
CBD, etc |
100% |
Sales
Domestic Markets
|
Sales Terms |
Proportion |
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Mangnese
Dioxide, etc |
CBD, COD, etc |
100% |
Overseas Markets
|
Product |
Sales Terms |
Proportion |
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Mangnese
Dioxide, etc |
CBD, 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 declined
to introduce its bank details; from other source we can not obtain the relevant
information, either.
Interview
Details
|
Name: |
Mr. Raju Rajan |
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.51.93 |
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UK Pound |
1 |
Rs.80.62 |
|
Euro |
1 |
Rs.69.37 |
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 |
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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.