MIRA INFORM REPORT

 

 

Report Date :           

25.10.2011

 

IDENTIFICATION DETAILS

 

Name :

SEVEN SEAS MEDICAL (S) PTE. LTD.

 

 

Registered Office :

151 Chin Swee Road #14-01 Manhattan House Singapore 169876

 

 

Country :

Singapore

 

 

Date of Incorporation :

05.08.2011

 

 

Com. Reg. No.:

201118732W

 

 

Legal Form :

Limited Exempt Private Company

 

 

Line of Business :

Medical Equipment Sale

 

 

RATING & COMMENTS

 

MIRA’s Rating :

Nb

 

RATING

STATUS

PROPOSED CREDIT LINE

----

NB

New Business

----

 

Status :

New Company

 

 

Payment Behaviour :

Unknown

 

 

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 – 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:

Seven Seas Medical (S) Pte. Ltd.

Supplied Name:

Seven Seas Medical 9S0 Pte Ltd.

Supplied Address:

1S1 Chin Swee Road, nO. 14-01, Manhattan House, Singapore 169876

Note:

The supplied name is not accurate, and the exact registered name is as above.

 

 

Credit Summary

 

Credit Opinion:

Since the subject is a newly established company, the future development remains to be seen. At this stage credits require securities.

 

 

Special Note

 

According to the supplied name and address, we couldn’t obtain the contact methods of subject. And if you can supply a photocopy of subject's letterhead, a current telephone or fax number for the company, we shall be pleased to have the investigation resumed.

 

The registration files show that subject is engaged in medical equipment sales, since we did not get in touch with subject, we can not confirm the information.

 

We found subject’s registration information as follows for reference.

 

Company Identification Details

 

Registered Name:

Seven Seas Medical (S) Pte. Ltd.

Registered Address:

151 Chin Swee Road #14-01 Manhattan House Singapore 169876

Date of Registration::

2011-8-5

Registered Number:

201118732W

Country of Incorporation:

Singapore

Paid-up Capital:

SGD 1,000.00 (USD785.182) = 1,000Shares@1 SGD

(As of 2011.10, 1 SGD = 0.78518 USD)

Legal Form:

Limited Exempt Private Company

Principal Activities:

46900 Medical Equipment Sales

Staff:

N/A

Status:

Live Company

Listed at Stock Exchange:

No

Note:

The staff number is not available from the subject or other sources.

 

 

History

 

Subject was incorporated on 2011-8-5 with registered number 201118732W as Limited Exempt Private Company in Singapore.

 

 

Shareholders

 

Unit: SGD

Name

Subscription Amount

Proportion of Investment (%)

RANGARAJU KODANDARAJU

1,000

100

Total

1,000

100

 

 

Major Shareholder Information:

Name:

RANGARAJU KODANDARAJU

Address:

No 716 10th Cross 4th Main Rbi Layout J P Nagar 7th Phase Bangalore Karnataka 560078

Nationality:

Indian

 

 

Subsidiaries & Branches

 

Subject did not register any subsidiaries or branches, from other source we can not obtain the relevant information, either.

 

 

Manage Information

 

Core Management

Detailed Information of Management:

1

Name:

JAMBUNATHAN PURUSHOTHAMAN

Position:

Manager

ID Number:

F8144146

Address:

No 5 Indira Nagar Hosur 635109 Krishnagiri District Tamilnadu

Nationality:

Indian

Date of Appointment:

2011-8-16

2

Name:

RANGARAJU KODANDARAJU

Position:

Director

ID Number:

G3908949

Address:

No 716 10th Cross 4th Main Rbi Layout J P Nagar 7th Phase Bangalore Karnataka 560078

Date of Appointment:

2011-8-5

3

Name:

GANESH SHARMA KRISHNA

Position:

Director

ID Number:

S1521884C

Address:

20 TELOK BLANGAH CRESCENT #02-74 Singapore 090020

Nationality:

Singapore Citizen

Date of Appointment:

2011-8-5

4

Name:

SANKARAN VIJAYA

Position:

Secretary

ID Number:

S6882347A

Address:

20 TELOK BLANGAH CRESCENT #02-74 Singapore 090020

Nationality:

Singapore Citizen

Date of Appointment:

2011-8-5

 

 

Operation Information

 

Offices & Factories

 

Office

Address:

151 Chin Swee Road #14-01 Manhattan House Singapore 169876

 

Operation Information

We contacted the subject unsuccessfully.

We obtained the registered activities of the subject as follows for reference.

Business Code

Details

46900

Medical Equipment Sales

 

 

Settlements

 

We couldn’t contact the subject successfully, and the settlement information is not available from the subject or other sources.

 

Financial Information

 

We couldn’t contact the subject successfully; the financial information is not available from the subject.

 

 

Bankers

 

The bankers’ information is not available from the subject or other sources. And we couldn’t contact the subject, so we couldn’t confirm the bank Overseas Chinese Banking Corporation Ltd, and the account number 503104531301.

 

 

FOREIGN EXCHANGE RATES

 

Currency
Unit

Indian Rupees

US Dollar

1

Rs.49.87

UK Pound

1

Rs.79.73

Euro

1

Rs.69.52

 

 

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%)

 

 

 

 

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