MIRA INFORM REPORT
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Report Date : |
25.10.2011 |
IDENTIFICATION DETAILS
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Name : |
BIZCHEM ASIA PTE. LTD. |
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Registered Office : |
1 Scotts Road #24-11 Shaw Centre Singapore 228208 |
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Country : |
Singapore |
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Date of Incorporation : |
30.10.2003 |
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Com. Reg. No.: |
200310975C |
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Legal Form : |
Limited Exempt Private Company |
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Line of Business : |
Trading of chemicals |
RATING & COMMENTS
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MIRA’s Rating : |
B |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
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Maximum Credit Limit : |
USD 30,000 |
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Status : |
Moderate |
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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 30th, 2011
|
Country Name |
Previous Rating (30.06.2011) |
Current Rating (30.09.2011) |
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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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Notes: Subject’s exact name and address are as
above.
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: |
SGD 105,100 (USD
83,271) (As of 2011.10,
1 SGD = 0.7923 USD) |
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Paid-up Capital: |
SGD 105,100 (USD
83,271) = 105,100 Shares@1 SGD |
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Legal Form: |
Limited Exempt
Private Company |
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Principal
Activities: |
Trading of
chemicals |
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N/A |
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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: |
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Notes: Subject did not
introduce its staff number, from other source we can not obtain the relevant
information, either.
History
Subject was incorporated
on
Shareholders
|
Subscription Amount |
Proportion of Investment (%) |
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5,010 |
5% |
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Long Siew Pheng |
100,090 |
95% |
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Total |
105,100 |
100% |
Major Shareholder
Information:
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1 |
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Name: |
Long Siew Wee |
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ID Number: |
S6805402H |
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Address: |
648 Woodlands
Ring Road #10-62 Singapore 730648 |
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2 |
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Name: |
Long Siew Pheng |
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ID Number: |
S6925863H |
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Address: |
18 Moulmein Rise
#13-01 City Edge Singapore 308133 |
Subsidiaries &
Branches
Subject did not
introduce whether it has any subsidiaries or branches, from other source we can
not obtain the relevant information, either.
Management
Information
Detailed
Information of Management:
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1 |
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Name: |
Long Siew Wee |
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Position: |
Director |
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ID Number: |
S6805402H |
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Address: |
648 Woodlands
Ring Road #10-62 Singapore 730648 |
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Nationality: |
Singapore
Citizen |
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Date of
Appointment: |
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2 |
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Name: |
Long Siew Pheng |
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Position: |
Director |
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ID Number: |
S6925863H |
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Address: |
18 Moulmein Rise
#13-01 City Edge Singapore 308133 |
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Nationality: |
Singapore
Citizen |
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Date of
Appointment: |
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3 |
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Name: |
Kang Lyna |
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Position: |
Secretary |
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ID Number: |
S |
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Address: |
851 Yishun
Street 81 #11-56 |
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Nationality: |
Singapore
Citizen |
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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: |
Production
Information
l
Subject is a trader of chemicals without any
production activities.
Purchase
l
Subject purchases mainly broad.
l
It is introduced that subject is the appointed
distributor of Polimeri Europa SpA in South-East Asian countries:
Sales
Information
l
Subject is engaged in sales of chemicals including
Synthetic Rubber, Styrenics, Specialty and Industrial chemicals
l
Subject’s products are both sold in domestic and
overseas market and it is introduced that subject exports to other South-East
Asian countries
Major products
sold
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ELASTOMERS |
||
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INTERMEDIATES |
Cyclohexanone Acetophenone |
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STYRENICS |
PS EPS ABS SAN |
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POLYETHYLENE |
LDPE LLDPE HDPE EVA |
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Settlements
Purchase
Domestic Markets
Subject has little
domestic purchase
Overseas Markets
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Products |
Payment Terms |
Proportion |
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Chemicals |
CBD, etc |
100% |
Domestic Markets
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Sales Terms |
Proportion |
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Chemicals |
CBD, COD, etc |
100% |
Overseas Markets
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Product |
Sales Terms |
Proportion |
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Chemicals |
CBD, etc |
100% |
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.
Subject’s staff
declined to disclose its financial information citing the grounds of company’s
confidentiality; from other source we can not obtain the relevant information,
either.
Bankers
Subject declined
to disclose its bank details; from other source we can not obtain the relevant
information, either.
Auditors
|
Name: |
Y C TAN & CO |
Interview
Details
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Department: |
Sales department
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FOREIGN EXCHANGE RATES
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Currency |
Unit
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Indian Rupees |
|
US Dollar |
1 |
Rs.49.87 |
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UK Pound |
1 |
Rs.79.73 |
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Euro |
1 |
Rs.69.52 |
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.