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Report Date : |
13.04.2012 |
IDENTIFICATION DETAILS
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Name : |
PHARMA MACHINES MARKETING CORPORATION PTE LTD |
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Registered Office : |
42B |
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Country : |
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Financials (as on) : |
31.03.2002 |
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Date of Incorporation : |
12.11.1996 |
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Com. Reg. No.: |
199608097G |
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Legal Form : |
Limited Exempt Private Company |
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Line of Business : |
General Wholesale Trade (Including General Importers And Exporters) |
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No. of Employees : |
Less than 10 Employees |
RATING & COMMENTS
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MIRA’s Rating : |
Ca |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
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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Status : |
Moderate |
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Payment Behaviour : |
Slow |
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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 – March 31st, 2012
|
Country Name |
Previous Rating (31.12.2011) |
Current Rating (31.03.2012) |
|
Singapore |
A1 |
A1 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
|
Moderate |
B1 |
|
High |
B2 |
|
Very High |
C1 |
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Restricted |
C2 |
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Off-credit |
D |
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Company Name: |
Pharma Machines
Marketing Corporation Pte Ltd |
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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.
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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 10,000 (USD
7,933) (As of 2012.04,
1 SGD = 0.7933 USD) |
|
Paid-up Capital: |
SGD 10,000 (USD
7,933) = 10,000 Shares@1 SGD |
|
Legal Form: |
Limited Exempt
Private Company |
|
Principal
Activities: |
46900--General
Wholesale Trade (Including General Importers And Exporters) Trading of
mechanical equipment, etc |
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Status: |
Live Company |
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Listed at Stock
Exchange: |
No |
|
Date of Last
Annual Return: |
|
Subject was
incorporated on
|
Subscription
Amount |
Proportion of
Investment (%) |
|
|
7,498 |
74.98% |
|
|
Muhammad Ali
Siddiqui |
2,500 |
15% |
|
Isha Bte Kassim |
2 |
0.02% |
|
Total |
10,000 |
100% |
Major Shareholder
Information:
|
1 |
|
|
Name: |
Nasir Ali Siddiqui |
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ID Number: |
AC5463832 |
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Address: |
C-34 Blk N North Nazimabad Karachi Pakistan |
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2 |
|
|
Name: |
Muhammad Ali Siddiqui |
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ID Number: |
KD379929 |
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Address: |
C-34 Blk N North Nazimabad, Karachi, Pakistan |
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3 |
|
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Name: |
Isha Bte Kassim |
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ID Number: |
S1242717D |
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Address: |
463 Jurong West Street 41 #03-578 Singapore
640463 |
Subject does not
have any subsidiaries or branches.
Detailed
Information of Management:
|
1 |
|
|
Name: |
Nasir Ali Siddiqui |
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Position: |
DIRECTOR |
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ID Number: |
AC5463832 |
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Address: |
C-34 Blk N North Nazimabad Karachi Pakistan |
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Nationality: |
Pakistani |
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Date of Appointment: |
|
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2 |
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|
Name: |
Muhammad Ali Siddiqui |
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Position: |
Director |
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ID Number: |
KD379929 |
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Address: |
C-34 Blk N North Nazimabad, Karachi, Pakistan |
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Nationality: |
Pakistani |
|
Date of Appointment: |
|
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3 |
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Name: |
Isha Bte Kassim |
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Position: |
Director |
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ID Number: |
S1242717D |
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Address: |
463 Jurong West Street 41 #03-578 Singapore
640463 |
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Nationality: |
Singapore Citizen |
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Date of Appointment: |
|
|
4 |
|
|
Name: |
Isha Bte Kassim |
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Position: |
Secretary |
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ID Number: |
S1242717D |
|
Address: |
463 Jurong West Street 41 #03-578 Singapore
640463 |
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Nationality: |
Singapore Citizen |
|
Date of Appointment: |
|
Personnel
Structure
|
Total Employees |
Offices &
Factories
|
|
Office |
|
Address: |
Production
Information
l
Subject is a trader of mechanical equipment without
any production activities.
Purchase
Information
l
Subject purchases mainly abroad and it is introduced
that subject purchases different machines with different brands according to
the customers’ demands.
Sales
Information
l
Subject is engaged in sales of mechanical
equipments and it is introduced that subject mainly does the sourcing service
for customers.
l
Subject’s products are both sold in domestic and
overseas market and subject can transfer products from original place directly
to customers.
Purchase
Domestic Markets
Subject has little
domestic purchase
Overseas Markets
|
Products |
Payment Terms |
Proportion |
|
Mechanical
equipment |
CBD, etc |
100% |
Domestic Markets
|
Sales Terms |
Proportion |
|
|
Mechanical equipment |
CBD, etc |
100% |
Overseas Markets
|
Product |
Sales Terms |
Proportion |
|
Mechanical equipment |
CBD, etc |
100% |
|
|
|
|
Total Assets |
3,496.00 |
|
Total Current Assets |
3,496.00 |
|
Total Non-Current Assets f.k.a. [Fixed And Others] |
0.00 |
|
|
|
|
Total Liabilities |
7,291.00 |
|
Total Current Liabilities |
7,291.00 |
|
Total Non-Current Liabilities |
0.00 |
|
Total Equity f.k.a [Shareholder's Funds] |
3,795.00 |
|
Paid-Up Capital |
10,000.00 |
|
Share Capital |
- |
|
Other Reserves, Total f.k.a. [Reserves] |
0.00 |
|
Retained Earnings/(Accumulated Loss) |
(13,795.00) |
Unit: SGD
|
|
~ |
|
Revenue f.k.a [Sales Turnover And Other Operating Revenues] |
0.00 |
|
Profit/(Loss) before Tax from Continuing Operations f.k.a [Profit/(Loss) before tax] |
(2,125.00) |
|
Profit/(Loss) after Tax from Continuing Operations f.k.a [Profit/(Loss) After Tax] |
(2,125.00) |
|
Net Income/(Loss) From Extraordinary And Non-Operating
Items |
0.00 |
|
Profit/(Loss) After Tax and Extraordinary Items |
(2,125.00) |
|
|
~ |
|
Earning Capacity |
|
|
Rate of Net Profit on Sales (%) |
0.00 |
|
Return of Investment (%) |
(60.78) |
|
Return of Shareholder's Funds (%) |
(55.99) |
|
Total Assets Turnover (%) |
0.00 |
|
Financial Stability |
|
|
Current/Working Capital Ratio (%) |
0.48 |
|
Proprietary Ratio (%) |
108.55 |
|
Total Debt to Equity Ratio (%) |
65.77 |
In Singapore, Limited Exempt Private Companies are not obligated to submit
their financial statements to the local registry. We did not find the latest
financials of subject from the local registry, the subject also declined to
disclose such information due to the confidentiality reason.
Thus we supplied the information above for reference.
Subject declined to disclose its bank details; from other source we can
not obtain the relevant information, either.
|
Name: |
Mr. Chan |
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.51.44 |
|
|
1 |
Rs.81.96 |
|
Euro |
1 |
Rs.67.60 |
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%)
This report is issued at your request without any
risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL)
or its officials.