MIRA INFORM REPORT
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Report Date : |
10.10.2011 |
IDENTIFICATION DETAILS
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Name : |
ABCOM ALLOYS PTE. LTD. |
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Registered Office : |
29 Jalan Buroh Singapore 619485 |
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Country : |
Singapore |
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Date of Incorporation : |
16.08.2007 |
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Com. Reg. No.: |
200715119H |
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Legal Form : |
Private Limited Liability Company |
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Line of Business : |
Trading of scrap metal, primary & secondary metals stocking |
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 600,000 |
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Status : |
Satisfactory |
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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: |
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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: |
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Country of
Incorporation: |
Singapore |
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Registered
Capital: |
(As of 2011.10,
1 SGD = 0.7689 USD) |
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Paid-up Capital: |
SGD 250,000
(USD 192,225) = 250,000 Shares@1 SGD |
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Legal Form: |
Private Limited
Liability Company |
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Principal
Activities: |
Trading Of Scrap
Metal, Primary & Secondary Metals Stocking |
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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: |
2011-9-12 |
History
Subject was incorporated on 2007-8-16 with registered number 200715119H as Private
Limited Liability Company in Singapore.
Shareholders
Unit: SGD
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Subscription Amount |
Proportion of Investment (%) |
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60% |
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Alka Mandloi |
40% |
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Total |
250,000 |
100% |
Major Shareholder Information:
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1 |
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Name: |
Bharat Mandloi |
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Value: |
SGD 150,000 |
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ID Number: |
S2708230J |
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Address: |
15 Leonie Hill
Road #12-04 Horizon Towers East Singapore 239194 |
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Nationality: |
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2 |
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Name: |
Alka Mandloi |
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Value: |
SGD 100,000 |
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ID Number: |
S2708231I |
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Address: |
15 Leonie Hill
Road #12-04 Horizon Towers East Singapore 239194 |
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Nationality: |
Singapore P.R. |
Subsidiaries &
Branches
The subject has an office in India.
Management
Information
Detailed
Information of Management:
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1 |
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Name: |
Patel Mahiar
Rustom |
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Position: |
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ID Number: |
G5577046N |
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Address: |
40 St. Thomas
Walk #08-02 Singapore 238120 |
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Nationality: |
Indian |
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Date of
Appointment: |
2007-8-16 |
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2 |
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Name: |
Bharat Mandloi |
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Position: |
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ID Number: |
S2708230J |
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Address: |
15 Leonie Hill
Road #12-04 Horizon Towers East Singapore 239194 |
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Nationality: |
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Date of
Appointment: |
2007-8-16 |
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3 |
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Name: |
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Position: |
Director |
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ID Number: |
S2708231I |
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Address: |
15 Leonie Hill
Road #12-04 Horizon Towers East Singapore 239194 |
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Nationality: |
Singapore P.R. |
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Date of
Appointment: |
2007-9-25 |
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4 |
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Name: |
Peh Poh Chin |
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Position: |
Secretary |
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ID Number: |
S6840069D |
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Address: |
22 Malacca
Street #03-02 Royal Brothers Building Singapore 048980 |
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Nationality: |
Singapore
Citizen |
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Date of
Appointment: |
2007-8-22 |
Personnel
Structure
|
Total Employees |
Operation
Information
Offices
& Factories
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|
Office |
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Address: |
Purchase
l
The subject purchases metal
products such as high nickel alloys, etc.
l
The subject purchases from foreign
countries.
Sales
Information
l
The subject is engaged in sales of metal
products such as high nickel alloys, etc.
l
The subject sells products in foreign countries
such as India.
Settlements
Purchase
The subject seldom
purchases from domestic markets.
Overseas Markets
|
Products |
Payment Terms |
Proportion |
Domestic Markets
The subject seldom
sells in domestic markets.
Overseas Markets
|
Product |
Sales Terms |
Proportion |
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Metal products |
CBD, etc |
100% |
Financial
Information
|
Year |
Sales |
|
2010 |
About USD
60,000,000 |
Notes: The information
is from introduction.
Bankers
Open
Account Bank
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The Hongkong And Shanghai Banking Corporation
Limited |
Public
Charges
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Charge 1 |
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Charge Number: |
C200900531 |
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Date of
Registration: |
2009-1-20 |
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Amount Secured: |
All Monies |
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Charge 2 |
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Charge Number: |
C200900552 |
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Date of Registration: |
2009-1-21 |
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Name: |
The Hongkong And
Shanghai Banking Corporation Limited |
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Amount Secured: |
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Charge 3 |
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Charge Number: |
C201000201 |
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Date of
Registration: |
2010-1-7 |
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Name: |
Bank Of India |
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Amount Secured: |
All Monies |
Interview
Details
|
Name: |
Alka Mandloi |
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.49.14 |
|
UK Pound |
1 |
Rs.75.97 |
|
Euro |
1 |
Rs.65.99 |
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.