MIRA
INFORM REPORT
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Report Date : |
25.10.2011 |
IDENTIFICATION DETAILS
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Name : |
ADVANCED MARINE PTE LTD. |
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Registered Office : |
1 Gul Street 4, Singapore 629233. |
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Country : |
Singapore |
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Date of Incorporation : |
06.01.1979 |
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Com. Reg. No.: |
197900041G |
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Legal Form : |
Private Limited Liability Company |
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Line of Business : |
Design and fabricate specialized equipment for marine, shipyard & offshore. |
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 100,000 |
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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 – September 30, 2011
|
Country Name |
Previous Rating (30.06.2011) |
Current Rating (30.09.2011) |
|
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
Credit Summary
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Credit Rating: |
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Credit Opinion: |
Company Identification Details
History
Subject was incorporated on
Shareholders
|
Subscription Amount |
Proportion of Investment (%) |
|
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Ng Hoon Wah |
1 |
0.1 |
|
Jeffrey
Melbourne Bradford |
250,998 |
99.9 |
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Total |
250,999 |
100 |
Major Shareholder
Information:
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1 |
|
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Name: |
Ng Hoon Wah |
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ID Number: |
S1618355E |
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Address: |
37 Pepys Road
#03-01 Peak, The Singapore118456 |
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Nationality: |
Singapore
Citizen |
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2 |
|
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Name: |
Jeffrey Melbourne
Bradford |
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ID Number: |
S2201189H |
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Address: |
37 Pepys Road
#03-01 Peak, The Singapore 118456 |
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Nationality: |
Singapore P.R. |
Subsidiaries & Branches
The subject declined to provide the information about the Subsidiaries
& Branches of the subject. We could not find the information from the other
sources, either.
Management Information
Detailed
Information of Management:
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1 |
|
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Name: |
Ng Hoon Wah |
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Position: |
Director |
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ID Number: |
S1618355E |
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Address: |
37 Pepys Road,
#03-01 Peak, The Singapore 118456 |
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Nationality: |
Singapore
Citizen |
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Date of
Appointment: |
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2 |
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Name: |
Susan Lim Wie |
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Position: |
Secretary |
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ID Number: |
S1837208H |
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Address: |
26 Limau Rise,
Limau Villas, Singapore 465851 |
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Nationality: |
Singapore
Citizen |
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Date of
Appointment: |
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3 |
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Name: |
JEFFREY
MELBOURNE BRADFORD |
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Position: |
Director |
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ID Number: |
S2201189H |
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Address: |
37 Pepys Road,
#03-01 Peak, The Singapore 118456. |
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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: |
1 Gul Street 4,
Singapore 629233. |
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Area: |
37,000 square
meters. |
Production
Information
l
The subject is a South East Asia’s supplier for all
types of commercial diving, military and underwater equipment.
Purchase
l
The company purchases the materials both from the
domestic market and the overseas market.
Sales
Information
l
As a trader, the company is selling all types of
commercial diving, military and underwater equipment.
l
Subject sells products
both to domestic markets and overseas market.
Major Brands
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No |
Brands |
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1 |
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2 |
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3 |
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4 |
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5 |
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6 |
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7 |
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8 |
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9 |
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10 |
Settlements
Purchase
Domestic Markets
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Products |
Payment Terms |
Proportion |
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All types of
commercial diving, military and underwater equipment. |
COD, etc |
100% |
Overseas Markets
|
Products |
Payment Terms |
Proportion |
|
All types of
commercial diving, military and underwater equipment. |
CBD, etc |
100% |
Domestic Markets
|
Sales Terms |
Proportion |
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All types of
commercial diving, military and underwater equipment. |
COD, etc |
100% |
Overseas Markets
|
Product |
Sales Terms |
Proportion |
|
All types of
commercial diving, military and underwater equipment. |
CBD, etc |
100% |
Financial Information
The
latest information about the financial figures is not available. We could not
find the latest financial information from the other sources, either.
Bankers
Auditors
|
Name: |
Mazars Llp |
Public
Charges
|
Charge 1 |
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Charge Number: |
8400424 |
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Date of
Registration: |
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Name: |
The Chartered
Bank |
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Amount Secured: |
900,000 |
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Charge 2 |
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Charge Number: |
9100404 |
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Date of
Registration: |
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Name: |
Standard
Chartered Bank |
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Amount Secured: |
All Monies |
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Charge 3 |
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Charge Number: |
C200302617 |
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Date of
Registration: |
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Name: |
Standard
Chartered Bank |
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Amount Secured: |
All Monies |
Interview Details
|
Name: |
Ms Foyka |
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.49.87 |
|
|
1 |
Rs.79.73 |
|
Euro |
1 |
Rs.69.53 |
RATING EXPLANATIONS
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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 |
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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 |
-- |
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.