MIRA INFORM REPORT

 

 

Report Date :           

10.10.2011

 

IDENTIFICATION DETAILS

 

Name :

ACECRAFT ASIA PTE. LTD.

 

 

Registered Office :

1004 Toa Payoh North #04-05/06 Singapore 318995

 

 

Country :

Singapore

 

 

Date of Incorporation :

03.07.2009

 

 

Com. Reg. No.:

200912057C

 

 

Legal Form :

Limited Exempt Private Company

 

 

Line of Business :

Manufacturing of Electronics and Hard Disk Drive Components

 

RATING & COMMENTS

 

MIRA’s Rating :

Ca

 

RATING

STATUS

PROPOSED CREDIT LINE

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

 

Status :

Undetermined

 

 

Payment Behaviour :

----

 

 

Litigation :

----

 

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

 

Risk Category

ECGC Classification

Insignificant

 

A1

Low

 

A2

Moderate

 

B1

High

 

B2

Very High

 

C1

Restricted

 

C2

Off-credit

 

D

 

Contact Points

 

Company Name:

Acecraft Asia Pte. Ltd.

Supplied Name:

Acecraft Asia Pte Ltd.

Supplied Address:

Blk 1004 Toa Payoh North #04-05 to 07, Singapore 318995

Telephone Number:

+65-6255-1909

 

Notes: Subject’s exact name is as above.

 

 

Credit Summary

 

Credit Rating:

N/A

Credit Opinion:

Since we did not get in touch with subject, in view of the absence of information about subject’s operation, caution should be exercised.

 

 

Special Notes

 

We tried to contact subject through the supplied number +65-6255-1909, no one answered the phone. We have tried for several times but the results act as the same.

 

We did not find any operation information or other valid contact information of subject from public files, either.

 

Subject’s registration files show subject’s principal activities as follows, the information is not confirmed by subject and only for reference.

 

26202--Manufacturing Of Electronics And Hard Disk Drive Components

 

Up to the date of reporting, we failed to get in touch with subject; we will keep trying and update the report if there is anything new returned

 

We found subject’s registration information from local registry, supplying as follows for reference.

 

 

Company Identification Details

 

Registered Name:

Acecraft Asia Pte. Ltd.

Registered Address:

1004 Toa Payoh North #04-05/06 Singapore 318995

Date of Registration::

2009-7-3

Registered Number:

200912057C

Country of Incorporation:

Singapore

Registered Capital:

SGD 170,000 (USD 130,713)

(As of 2011.10, 1 SGD = 0.7689 USD)

Paid-up Capital:

SGD 170,000 (USD 130,713) = 170,000 Shares@1 SGD

Legal Form:

Limited Exempt Private Company

Principal Activities:

26202--Manufacturing Of Electronics And Hard Disk Drive Components

Staff:

N/A

Status:

Live Company

Listed at Stock Exchange:

No

Date of Last Annual Return:

2011-1-25

Notes: The staff information is not available from subject or other sources.

 

 

History

 

Subject was incorporated on 2009-7-3 with registered number 200912057C as Limited Exempt Private Company in Singapore.

 

 

Shareholders

Unit: SGD

Name

Subscription Amount

Proportion of Investment (%)

Chong Nai Kok

80,000

47.1%

Zhang Hongxia

90,000

52.9%

Total

170,000

100%

 

Major Shareholder Information:

1

Name:

Chong Nai Kok

ID Number:

S1591521H

Address:

628 Bedok Reservoir Road #09-1676 Singapore 470628

2

Name:

Zhang Hongxia

ID Number:

S7774687J

Address:

700 Lorong 1 Toa Payoh #19-03 Trellis Towers Singapore 319773

 

 

Subsidiaries & Branches

 

We can not confirm whether subject has any subsidiaries or branches.

 

 

Management Information

 

Core Management

 

Detailed Information of Management:

1

Name:

Chong Nai Kok

Position:

Director

ID Number:

S1591521H

Address:

628 Bedok Reservoir Road #09-1676 Singapore 470628

Nationality:

Singapore Citizen

Date of Appointment:

2010-10-15

2

Name:

Zhang Hongxia

Position:

Director

ID Number:

S7774687J

Address:

700 Lorong 1 Toa Payoh #19-03 Trellis Towers Singapore 319773

Nationality:

Singapore Citizen

Date of Appointment:

2009-7-3

3

Name:

Chu Sih Eng @ Chu Hang Eng

Position:

Secretary

ID Number:

S0865416F

Address:

9 Jalan Limau Manis Eastern Grove Singapore 468340

Nationality:

Singapore Citizen

Date of Appointment:

2009-7-3

 

 

Operation Information

 

We will update the operation information if we get in touch with subject.

 

 

Financial Information

 

Subject has no obligations to disclose its financial statements to the third party according to the relevant policy in Singapore, subject did not submit the financial information to the local registry, and the only source from which we can obtain the information is the subject itself.

 

The financial information is not available at present.

 

 

Bankers

 

Information on bank details is not available from subject or other sources.

 

Auditors

 

Name:

SMALLEY & CO

 

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

 

RATING

STATUS

 

 

PROPOSED CREDIT LINE

>86

Aaa

Possesses an extremely sound financial base with the strongest capability for timely payment of interest and principal sums

 

Unlimited

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

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

----

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%)

 

 

 

PRIVATE & CONFIDENTIAL : This information is provided to you at your request, you having employed MIPL for such purpose. You will use the information as aid only in determining the propriety of giving credit and generally as an aid to your business and for no other purpose. You will hold the information in strict confidence, and shall not reveal it or make it known to the subject persons, firms or corporations or to any other. MIPL does not warrant the correctness of the information as you hold it free of any liability whatsoever. You will be liable to and indemnify MIPL for any loss, damage or expense, occasioned by your breach or non observance of any one, or more of these conditions

This report is issued at your request without any risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL) or its officials.