MIRA INFORM REPORT
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Report Date : |
14.10.2011 |
IDENTIFICATION DETAILS
|
Name : |
WATERWORKS ENTERPRISES PTE LTD |
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Registered Office : |
27 Kranji Link, Kranji Linc, Singapore 728668 |
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Country : |
Singapore |
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Financials (as on) : |
31.12.2003 |
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Date of Incorporation : |
25.09.1993 |
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Com. Reg. No.: |
199306321M |
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Legal Form : |
Limited Exempt Private Company |
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Line of Business : |
General Wholesale of quality bathroom products. |
RATING & COMMENTS
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MIRA’s Rating : |
Ba |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Maximum Credit Limit : |
USD 10,000 |
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Status : |
Satisfactory |
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Payment
Behaviour : |
Usually Correct |
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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) |
|
Singapore |
a1 |
a1 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
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Moderate |
B1 |
|
High |
B2 |
|
Very High |
C1 |
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Restricted |
C2 |
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Off-credit |
D |
Contact Points
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Company Name: |
Waterworks Enterprises Pte Ltd |
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Supplied Name: |
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Supplied
Address: |
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Fax Number: |
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|
Website: |
Note:
The exact name is
as above.
Credit Summary
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Credit Rating: |
|
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Credit Opinion: |
Co-operation is not declined. In view of big amount of transaction,
securities are recommended. |
Company
Identification Details
|
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: |
SGD 500,000 (USD
390,159 ) (As of 2011.10,
1 SGD = 0.78032 USD) |
|
Paid-up Capital: |
SGD 500,000 (USD
390,159) = 500,000 Shares@1 SGD |
|
Legal Form: |
Limited Exempt
Private Company |
|
Principal
Activities: |
General Wholesale
of quality bathroom products. |
|
51 – 100
employees |
|
|
Status: |
Live Company |
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Listed at Stock
Exchange: |
No |
|
Date of Last
Annual Return: |
|
History
Subject was incorporated on
Shareholders
|
Subscription Amount |
Proportion of Investment (%) |
|
|
LIM SIEW KEOW |
2 |
1% |
|
NG HWEELON |
499,998 |
99% |
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Total |
500,000 |
100% |
Major Shareholder
Information:
|
1 |
|
|
Name: |
LIM SIEW KEOW |
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ID Number: |
S0241671I |
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Address: |
264 JURONG EAST
STREET 24 #12-515 Singapore 600264. |
|
2 |
|
|
Name: |
NG HWEELON |
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ID Number: |
S6843488B |
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Address: |
390 PASIR PANJANG
ROAD #02-01 Singapore 118722. |
Management
Information
Detailed
Information of Management:
|
1 |
|
|
Name: |
LIM SIEW KEOW |
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Position: |
Director |
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ID Number: |
S0241671I |
|
Address: |
264 JURONG EAST STREET
24, #12-515, Singapore 600264. |
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Date of
Appointment: |
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2 |
|
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Name: |
CAROL KUOK MING
SUONG |
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Position: |
Secretary |
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ID Number: |
S |
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Address: |
14 JALAN
KERUING, SELETAR HILLS ESTATE, Singapore 808934. |
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Nationality: |
SINGAPORE P.R., |
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3 |
|
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Name: |
NG HWEELON |
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Position: |
Director |
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ID Number: |
S6843488B |
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Address: |
390 PASIR
PANJANG ROAD, #02-01 Singapore 118722. |
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Nationality: |
SINGAPORE
CITIZEN |
|
Date of
Appointment: |
|
Operation
Information
Offices
& Factories
|
|
Office |
|
Address: |
Production
Information
l
The subject is a provider of quality bathroom
products for home, business and industrial users.
Purchase
l
The purchase products from china.
Sales
Information
l
The subject is engaged in selling the products of
sanitary wares, mixers, taps, and bathroom accessories.
l
Subject mainly sells products to the domestic market.
l
Subject is selling the major products; Mila, VERA
A011 toilet, Kimi toilet, VERAv toilet, Plastic Cistern.
Major products of
subject
|
|
Products |
|
1 |
Mila |
|
2 |
VERA A011 toilet
|
|
3 |
Kimi toilet |
|
4 |
VERAv toilet |
|
5 |
Plastic Cistern |
Settlements
Purchase
Domestic Markets
Subject did not
purchase from the domestic market.
Overseas Markets
|
Products |
Payment Terms |
Proportion |
|
Bathroom
products. |
100% |
Sales
Domestic Markets
|
Products |
Payment Terms |
Proportion |
|
Bathroom
products. |
CBD, etc |
100% |
Overseas Markets
Subject doesn’t
export.
Balance
Sheet
|
|
|
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Total Assets |
472,664.00 |
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Total Current Assets |
471,921.00 |
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Total Non-Current Assets f.k.a.[Fixed And Others] |
743.00 |
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Total Liabilities |
559,853.00 |
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Total Current Liabilities |
559,853.00 |
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Total Non-Current Liabilities |
0.00 |
|
Total Equity f.k.a [Shareholder's Funds] |
(87,189.00) (USD 68,089.3) |
|
Paid-Up Capital |
300,000.00 |
|
Other Reserves, Total f.k.a.[Reserves] |
0.00 |
|
Retained Earnings/(Accumulated Loss) |
(387,189.00) |
(As of 2011.10, 1
SGD = 0.78032 USD)
Profit/Loss
Account
Unit: SGD
|
|
2003 |
|
Revenue f.k.a [Sales Turnover And Other Operating Revenues] |
421,496.00 (USD 329,163) |
|
Profit/(Loss) before Tax from Continuing Operations
f.k.a [Profit/(Loss) before tax] |
(144,369.00) |
|
Profit/(Loss) after Tax from Continuing Operations
f.k.a [Profit/(Loss) After Tax] |
(144,632.00) |
|
Net Income/(Loss) From Extraordinary And Non-Operating
Items |
0.00 |
|
Profit/(Loss) After Tax and Extraordinary Items |
(144,632.00) |
Financial
Ratio
|
|
2003 |
|
Earning Capacity |
|
|
Rate of Net Profit on Sales (%) |
(34.31) |
|
Return of Investment (%) |
(30.60) |
|
Return of Shareholder's Funds (%) |
0.00 |
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Total Assets Turnover (%) |
0.89 |
|
Financial Stability |
|
|
Current/Working Capital Ratio (%) |
0.84 |
|
Proprietary Ratio (%) |
(18.45) |
|
Total Debt to Equity Ratio (%) |
118.45 |
Notes: The latest information of financial
statement is not available.
Bankers
Auditors
|
Name: |
TEO BOON TIENG
& CO |
Public
Charges
|
Charge Number: |
C201102744 |
|
Date of
Registration: |
|
|
Name: |
DBS BANK LTD. |
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Amount Secured: |
All Monies |
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.49.02 |
|
UK Pound |
1 |
Rs.77.13 |
|
Euro |
1 |
Rs.67.56 |
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 |
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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%)
This report is issued at your request without any risk
and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL) or its
officials.