MIRA INFORM REPORT

 

 

Report Date :           

13.10.2011

 

IDENTIFICATION DETAILS

 

Name :

LOY HIN GOLD ORNAMENT (PTE) LTD

 

 

Registered Office :

18 Jalan Masjid #02-07 Kembangan Plaza Singapore 418944

 

 

Country :

Singapore

 

 

Date of Incorporation :

23.03.1994

 

 

Com. Reg. No.:

199401964E

 

 

Legal Form :

Limited Exempt Private Company

 

 

Line of Business :

Manufacture Of Jewellery Except Costume Jewellery

 

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 :

Poor

 

 

Payment Behaviour :

Unknown

 

 

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

 

Risk Category

ECGC Classification

Insignificant

 

A1

Low

 

A2

Moderate

 

B1

High

 

B2

Very High

 

C1

Restricted

 

C2

Off-credit

 

D

 

Contact Points

 

Company Name:

Loy Hin Gold Ornament (Pte) Ltd

Supplied Name:

Loyhin Gold Ornaments (Pte) Ltd.

Supplied Address:

No. 18, Jalan Masjid #02-07 Kembangan Plaza Singapore 418944

Notes: Subject’s exact name is as above.

 

 

Credit Summary

 

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 according to the number +65-6552-6225 obtained from public files, no one answered the phone and then we were transferred to a fax line, we have tried for several times, but the results act as the same.

We did not find any other valid contact information of subject from public files according to the supplied name or address, either.

From public files we found that subject is engaged in sales of jewelry, while the information is not confirmed and only for reference.

Up to the date of reporting, we failed to get in touch with subject, 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:

Loy Hin Gold Ornament (Pte) Ltd

Registered Address:

18 Jalan Masjid #02-07 Kembangan Plaza Singapore 418944

Date of Registration::

1994-3-23

Registered Number:

199401964E

Country of Incorporation:

Singapore

Registered Capital:

SGD 100,000 (USD 78,200)

(As of 2011.10, 1 SGD = 0.782 USD)

Paid-up Capital:

SGD 100,000 (USD 78,200) = 100,000 Shares@1 SGD

Legal Form:

Limited Exempt Private Company

Principal Activities:

32111--Manufacture Of Jewellery Except Costume Jewellery

Staff:

N/A

Status:

Live Company

Listed at Stock Exchange:

No

Date of Last Annual Return:

2010-10-29

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

 

 

History

 

Subject was incorporated on 1994-3-23 with registered number 199401964E as Limited Exempt Private Company in Singapore.

 

 

Shareholders

 

Unit: SGD

Name

Subscription Amount

Proportion of Investment (%)

Wong Loy Hin

50,000

50%

Wong Sok Fun

50,000

50%

Total

100,000

100%

 

Major Shareholder Information:

1

Name:

Wong Loy Hin

ID Number:

S1057040I

Address:

226 Bishan Street 23 #17-95 Singapore 570226

2

Name:

Wong Sok Fun

ID Number:

S7270330H

Address:

226 Bishan Street 23 #17-95 Singapore 570226

 

 

Subsidiaries & Branches

 

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

 

 

Management Information

 

Core Management

Detailed Information of Management:

1

Name:

Wong Loy Hin

Position:

Director

ID Number:

S1057040I

Address:

226 Bishan Street 23 #17-95 Singapore 570226

Nationality:

Singapore Citizen

Date of Appointment:

1994-3-23

2

Name:

Wong Sok Fun

Position:

Director

ID Number:

S7270330H

Address:

226 Bishan Street 23 #17-95 Singapore 570226

Nationality:

Singapore P.R.

Date of Appointment:

1997-11-28

3

Name:

Tan Wah Thong

Position:

Secretary

ID Number:

S0075430G

Address:

23 Figaro Street Opera Estate Singapore 458348

Nationality:

Singapore Citizen

Date of Appointment:

1994-3-23

Operation Information

 

We can not confirm subject’s operation information and we supplied subject’s principal activities as follows:

32111--Manufacture of Jewellery Except Costume Jewellery

Public files show that subject is engaged in sales of jewelry, while the information is not confirmed and only for reference.

 

 

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 latest information to the local registry, and the only source from which we can obtain the information is the subject itself.

Since we did not find subject, the information is not available.

 

 

Bankers

 

Bank Charges:

Charge Number

C200809031

Date of Registration

2008-9-29

Name

Oversea-Chinese Banking Corporation Limited

Amount Secured

All Monies

 

 

FOREIGN EXCHANGE RATES

 

Currency
Unit

Indian Rupees

US Dollar

1

Rs.49.24

UK Pound

1

Rs.76.80

Euro

1

Rs.67.17

 

 

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.