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MIRA
INFORM REPORT
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Report Date : |
25.10.2011 |
IDENTIFICATION DETAILS
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Name : |
VISUAL TECHNOLOGIES INDIA PRIVATE LIMITED (SINGAPORE BRANCH) |
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Registered Office : |
100 Jalan Sultan #09-06 Sultan Plaza Singapore 199001 |
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Country : |
Singapore |
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Date of Incorporation : |
21.06.2011 |
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Com. Reg. No.: |
T11FC0097C |
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Legal Form : |
Foreign Company Registered In Singapore |
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Line of Business : |
Retail Sale Of Audio And Video Equipment (Eg Radio And Television Sets, Sound Reproducing And Recording Equipment) |
RATING & COMMENTS
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MIRA’s Rating : |
NB |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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-- |
NB |
New
Business |
-- |
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Status : |
New Company |
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Payment Behaviour : |
Unknown |
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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
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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: |
Visual Technologies
India Private Limited (Singapore Branch) |
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Supplied Name: |
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Supplied
Address: |
(Singapore Branch) 100 Jalan Sultan, #09-06 Sultan Plaza, Singapore
199001 |
Notes: subject’s exact name and address are as
above.
Company Identification Details
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Registered Name: |
Visual Technologies India Private Limited (Singapore Branch) |
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Registered
Address: |
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Date of
Registration:: |
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Registered
Number: |
T11FC |
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Country of Incorporation: |
India |
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Registered
Capital: |
N/A |
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Legal Form: |
Foreign Company
Registered In Singapore |
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Principal
Activities: |
47420--Retail
Sale Of Audio And Video Equipment (Eg Radio And Television Sets, Sound
Reproducing And Recording Equipment) 46900--General
Wholesale Trade (Including General Importers And Exporters) |
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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: |
-- |
Notes: Information on Registered
Capital and staff is not available from subject or other sources.
History
Subject was incorporated on
Shareholders
As subject is a Foreign Company Registered in Singapore, we did not find
subject’s shareholder information in the local registry; from other source we
can not obtain the relevant information, either.
Related Offices:
|
Noida |
D-350, Sector 63 Noida - 201 307 |
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New Delhi |
370-371/2 First Floor, Hospital Road, Jangpura, New Delhi – 110 014. |
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Mumbai |
Unit No. 34-35, Ground Floor, Oshiwara Mhada Shopping omplex, |
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Chennai |
No. 35/23, Modern Tower, West Cott Road, Unit No. 13 & 14, 2nd
Floor Royapettah,Chennai – 600 014 |
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Hyderabad |
F42, First Floor,Aggarwal Chambers, |
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Kolkata |
606, Lake Gardens, Kolkata � 700 045 |
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Thiruvananthapuram |
TC 5/99-2, Mamparambil Building, |
Management Information
Detailed
Information of Management:
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1 |
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Name: |
Rita Aggarwal |
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Position: |
Director |
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ID Number: |
F6901815 |
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Address: |
C-156, Mahendru Enclave, G.T. karnal road, delhi
110033, india. |
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Nationality: |
Indian |
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Date of Appointment: |
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2 |
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Name: |
Visuvasam Simon |
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Position: |
Agent |
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ID Number: |
G |
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Address: |
35 Jalan Besar Singapore 208800 |
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Nationality: |
Indian |
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Date of Appointment: |
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3 |
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Name: |
PAckiam Paul Donald Dura |
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Position: |
Agent |
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ID Number: |
S |
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Address: |
759 Woodlands Avenue 6 #03-26 Singapore 730759 |
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Nationality: |
Singapore Citizen |
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Date of Appointment: |
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4 |
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Name: |
Yamini Aggarwal |
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Position: |
Director |
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ID Number: |
Z1403594 |
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Address: |
C-156, Mahendru Enclave, G.T. Karnal Road, Delhi
110033, India. |
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Nationality: |
Indian |
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Date of Appointment: |
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5 |
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Name: |
Satish Kumar Aggarwal |
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Position: |
Director |
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ID Number: |
Z2011033 |
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Address: |
C-156, Mahendru Enclave, G.T. Karnal Road, Delhi
110033, India. |
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Nationality: |
Indian |
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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 Audio-Video Broadcast
Equipment without any production itself.
Purchase
Information
l
Subject purchases mainly abroad
l
Subject represents the following manufacturers
Panasonic, Hitachi, DataVideo, Ross, IDX, Fuji Photofilm, SAV, DPA Microphones, Azden, Fujinon, Century Optics, Canare, AVL Technologies, Harris, Annova, Lowel, Steadicam, Libec,
AVT, Furukawa, Ruige, Tamura,
Vocas, Portabrace, Camrade, Thermodyne, Harmonic.Inc, Riedel, Avitech, Omneon, Actus, Swit, Tiffen
Sales
Information
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Subject is engaged in Marketing and Distribution of
Audio-Video Broadcast Equipment
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Subject’s products include Video Cameras,
Camcorders, Studio and Field Recorders, Video Production Switchers, Logo
Generators, Lenses, Non-Linear Editing Systems, Monitors, Plasma Displays,
Microphones, Routing Switchers, Virtual Sets, Character Generators, Tripods,
Batteries, TV Transmitters, OB Vans & DSNG Vans, Cables and Connectors, etc
l
Subject’s
products are mainly sold in domestic market.
Settlements
Purchase
Domestic Markets
Subject has little
domestic purchase
Overseas Markets
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Products |
Payment Terms |
Proportion |
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Audio-Video
Broadcast Equipment |
CBD, etc |
100% |
Domestic Markets
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Sales Terms |
Proportion |
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Audio-Video Broadcast Equipment |
COD, etc |
100% |
Overseas Markets
Subject has little
export at present
Financial Information
Subject has no
obligations to disclose its financial statements to the third party according to
the relevant policy in Singapore, subject is newly set up and it did not submit
the financial information to the local registry, and the only source from which
we can obtain the information is the subject itself.
Subject’s staff
Simon declined to disclose the financials 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.
Interview Details
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Name: |
Simon |
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.49.87 |
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|
1 |
Rs.79.73 |
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Euro |
1 |
Rs.69.53 |
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 |
-- |
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.