MIRA INFORM REPORT

 

 

Report Date :           

08.09.2011

 

IDENTIFICATION DETAILS

 

Name :

KANSAI KAGAKU (S) PTE LTD

 

 

Registered Office :

150 Cecil Street #08-01A Singapore 069543

 

 

Country :

Singapore

 

 

Date of Incorporation :

08.08.2001

 

 

Com. Reg. No.:

200105263C

 

 

Legal Form :

Limited Exempt Private Company

 

 

Line of Business :

Trading of synthetic resin materials and recycling of related materials, etc

 

RATING & COMMENTS

 

MIRA’s Rating :

B

 

RATING

STATUS

PROPOSED CREDIT LINE

26-40

B

Capability to overcome financial difficulties seems comparatively below average.

Small

 

Maximum Credit Limit :

USD 30,000

 

 

Status :

Moderate

 

 

Payment Behaviour :

No Complaints

 

 

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 – March 31st, 2011

 

Country Name

Previous Rating

                   (31.12.2010)                  

Current Rating

(31.03.2011)

Singapore

a1

a1

 

Risk Category

ECGC Classification

Insignificant

 

A1

Low

 

A2

Moderate

 

B1

High

 

B2

Very High

 

C1

Restricted

 

C2

Off-credit

 

D

 

 Bottom of Form

 

Contact Points

 

Company Name:

Kansai Kagaku (S) Pte Ltd

Supplied Name:

Kansai Kagaku (S) Pte Ltd.

Trading Address:

150 Cecil Street #08-01A Singapore 069543

Supplied Address:

150, Cecil Street, 08-01 A Singapore 069543

Telephone Number:

+65-6220-6631

Fax Number:

+65-6223-8074

E-mail:

singa-info@kansai-chem.com 

Notes: Subject’s exact name and address are as above.

 

 

Credit Summary

 

Credit Rating:

Maximum credit USD 30,000

Credit Opinion:

Business connections are permissible.

 

 

Company Identification Details

 

Registered Name:

Kansai Kagaku (S) Pte Ltd

Registered Address:

150 Cecil Street #08-01A Singapore 069543

Date of Registration::

2001-8-8

Registered Number:

200105263C

Country of Incorporation:

Singapore

Registered Capital:

SGD 400,000 (USD 323,000)

(As of 2011.09, 1 SGD = 0.8075 USD)

Paid-up Capital:

SGD 400,000 (USD 323,000) = 400,000 Shares@1 SGD

Legal Form:

Limited Exempt Private Company

Principal Activities:

Trading of synthetic resin materials and recycling of related materials, etc

Staff:

Below 20 Employees

Status:

Live Company

Listed at Stock Exchange:

No

Date of Last Annual Return:

2011-3-25

Notes: the Staff information above is estimated and only for reference.

 

 

History

 

Subject was incorporated on 2001-8-8 with registered number 200105263C as Limited Exempt Private Company in Singapore.

 

 

Shareholders

 

Unit: SGD

Name

Subscription Amount

Proportion of Investment (%)

Hitoshi Kumagawa

150,000

37.5%

Kazuyo Shino

30,000

7.5%

Kazuya Shino

90,000

22.5%

Masayoshi Ishinabe

10,000

2.5%

Le My Hanh

120,000

30%

Total

400,000

100%

 

Major Shareholder Information:

1

Name:

Hitoshi Kumagawa

ID Number:

F2411201L

Address:

150 Cecil Street #08-01 Singapore 069543

2

Name:

Kazuyo Shino

ID Number:

G5734333N

Address:

150 Cecil Street #08-01 Singapore 069543

3

Name:

Kazuya Shino

ID Number:

G5734334L

Address:

150 Cecil Street #08-01 Singapore 069543

4

Name:

Masayoshi Ishinabe

ID Number:

S2593209I

Address:

16 Balmoral Road #05-03 Balmoral Condominium Singapore 259802

5

Name:

Le My Hanh

ID Number:

S6977459H

Address:

50 Duchess Avenue #02-07 Duchess Crest Singapore 269196

 

 

Subsidiaries & Branches

 

Related Companies

Japan

Kansai Chemicals Co., Ltd

Japan

Kansai Chemicals 

Thailand

Kansai Chemicals Co., Ltd

China

Nantong Kansai Chemicals Co., Ltd

China

Kansai Chemicals (Shanghai) Co., Ltd

 

 

Management Information

 

Core Management

Detailed Information of Management:

1

Name:

Hitoshi Kumagawa

Position:

Director

ID Number:

F2411201L

Address:

150 Cecil Street #08-01 Singapore 06954

Nationality:

Japanese

Date of Appointment:

2004-2-27

2

Name:

Hitoshi Kumagawa

Position:

Managing Director

ID Number:

F2411201L

Address:

150 Cecil Street #08-01 Singapore 069543

Nationality:

Japanese

Date of Appointment:

2004-2-27

3

Name:

Kazuyo Shino

Position:

Director

ID Number:

G5734333N

Address:

150 Cecil Street #08-01 Singapore 069543

Nationality:

Japanese

Date of Appointment:

2004-2-27

4

Name:

Kazuya shino

Position:

Director

ID Number:

G5734334L

Address:

150 Cecil Street #08-01 Singapore 069543

Nationality:

JAPANESE

Date of Appointment:

2001-8-8

5

Name:

Masayoshi Ishinabe

Position:

Director

ID Number:

S2593209I

Address:

16 Balmoral Road #05-03 Balmoral Condominium Singapore 259802

Nationality:

Singapore P.R.

Date of Appointment:

2001-8-8

Alternate Director(s)

Name:

Hitoshi Kumagawa

ID Number:

F2411201L

Date of Appointment:

22-02-2011

6

Name:

Le My Hanh

Position:

Director

ID Number:

S6977459H

Address:

50 Duchess Avenue #02-07 Duchess Crest Singapore 269196

Nationality:

Vietnamese

Date of Appointment:

2006-4-13

7

Name:

Le My Hanh

Position:

Secretary

ID Number:

S6977459H

Address:

50 Duchess Avenue #02-07 Duchess Crest Singapore 269196

Nationality:

Vietnamese

Date of Appointment:

2007-3-30

 

Personnel Structure

Total Employees

Below 20 Employees

Notes: the Staff information above is estimated and only for reference.

 

 

Operation Information

 

Offices & Factories

 

Office

Address:

150 Cecil Street #08-01A Singapore 069543

 

Production Information

l         Subject is a trader of synthetic resin materials and recycling of related materials without any production activities.

 

Purchase Information

l         Subject purchases mainly abroad and subject purchases from its group companies.

 

Sales Information

l         Subject is engaged in sales of synthetic resin materials and recycling of related materials including pet bottle, scrap, combo, engine, Nylon Yarn, CPU scrap, Corn starch, electric motor scrap, foam scrap, motherboard scrap, LDPE film, LCD monitors, etc

l         Subject’s products are sold in domestic and overseas market and it exports to China, etc

 

Settlements

 

Purchase

Domestic Markets

Subject has little domestic purchase

 

Overseas Markets

Products

Payment Terms

Proportion

Synthetic resin materials and recycling of related materials

CBD, interior settlement, etc

100%

 

Sales

Domestic Markets

Product

Sales Terms

Proportion

Synthetic resin materials and recycling of related materials

CBD, etc

100%

 

Overseas Markets

Product

Sales Terms

Proportion

Synthetic resin materials and recycling of related materials

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 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 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

 

 

Auditors

 

Name:

BDO LLP

 

 

Interview Details

 

Department:

Sales department


 

FOREIGN EXCHANGE RATES

 

Currency
Unit

Indian Rupees

US Dollar

1

Rs.46.02

UK Pound

1

Rs.73.61

Euro

1

Rs.64.78

 

 

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%)

 

 

 

PRIVATE & CONFIDENTIAL : This information is provided to you at your request, you having employed MIPL for such purpose. You will use the information as aid only in determining the propriety of giving credit and generally as an aid to your business and for no other purpose. You will hold the information in strict confidence, and shall not reveal it or make it known to the subject persons, firms or corporations or to any other. MIPL does not warrant the correctness of the information as you hold it free of any liability whatsoever. You will be liable to and indemnify MIPL for any loss, damage or expense, occasioned by your breach or non observance of any one, or more of these conditions

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