MIRA INFORM REPORT

 

 

Report Date :           

24.04.2012

 

IDENTIFICATION DETAILS

 

Name :

POLISHING TECHNOLOGIES PTE. LTD.

 

 

Registered Office :

1 Raffles Place #18-01 One Raffles Place Singapore 048616

 

 

Country :

Singapore

 

 

Financials (as on) :

31.03.2008

 

 

Date of Incorporation :

11.05.2006

 

 

Com. Reg. No.:

200606860k

 

 

Legal Form :

Limited Private Company            

 

 

Line of Business :

Polishing of Metals and Formed Products

 

 

No. of Employees :

Not Available

 

RATING & COMMENTS

 

MIRA’s Rating :

C

 

RATING

STATUS

PROPOSED CREDIT LINE

<10

C

Absolute credit risk exists. Caution needed to be exercised

Credit not recommended

 

Status :

Poor

 

 

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 – 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

Restricted

 

C2

Off-credit

 

D

 

Executive Summary

 

Company Name

:

POLISHING TECHNOLOGIES PTE. LTD.

Registration No

:

200606860K

Date of Registration

:

11/05/2006

Former Name

:

NA

Date of Change of Name

:

NA

Type of Company

:

LIMITED PRIVATE COMPANY

Operating Address

:

996 Bendemeer Road, #07-03, Kallang Basin Industrial Estate, Singapore

Registered Address

:

1 RAFFLES PLACE #18-01 ONE RAFFLES PLACE SINGAPORE 048616

Date of Change of Address

:

01/06/2006

Contact No.

:

NA

Fax No.

:

NA

Website

:

NA

Registered Activities

:

1. POLISHING OF METALS AND FORMED PRODUCTS

POLISHING AND SHAPING OF NATURAL & INDUSTRIAL DIAMONDS

2. GENERAL WHOLESALE TRADE (INCLUDING GENERAL IMPORTERS AND EXPORTERS)

IMPORT & EXPORT & TRADING OF NATURAL & INDUSTRIAL DIAMONDS

Issued Ordinary Capital*

:

$500,000.00 SINGAPORE, DOLLARS ,NO. OF SHARE : 500,000

Issued Preference Capital

:

NA

Paid-Up Ordinary Capital

:

$500,000.00 SINGAPORE, DOLLARS

Paid-Up Preference Capital

:

NA

* Number of Shares includes number of Issued Treasury Shares

Issued Treasury Capital

:

NA

Paid-Up Treasury Capital

:

NA

No. of Local Subsidiaries

:

NA

No. of Local Associates

:

NA

Auditor

:

TAN & TEH

Bankers / Financiers

:

NA

Turnover

:

SINGAPORE, DOLLARS 2,600,286.00 (FY2008)

Net Worth

:

SINGAPORE, DOLLARS (961,431.00) (FY2008)

No. of Bank Charges

:

NA

No. of Litigation Suits

:

NA

S1000 / SME 500 / FG50 Ranking

:

No found for SINGAPORE 1000 and SME 1000

Compounded Annual Growth Rate (CAGR)

:

NA

 

 

Credit Recommendation

 

Recommended Credit Line

:

No Recommendation

 

 

SHAREHOLDER DETAILS

 

NAME

:

THE GEMESIS COMPANY (S) PTE. LTD.

SHAREHOLDER ID

:

200516961K

NATIONALITY

:

SINGAPORE

ADDRESS

:

1 RAFFLES PLACE #18-01 ONE RAFFLES PLACE SINGAPORE 048616

NO. OF ORD SHARES

:

500,000

% OF SHAREHOLDING

:

100%

CURRENCY

:

SINGAPORE, DOLLARS

 

 

OFFICER DETAILS

 

NAME

:

MEHTA VISHAL JATIN

ADDRESS

:

33 JALAN MUTIARA #11-03 LATITUDE SINGAPORE 249208

POSITION

:

DIRECTOR

DATE OF APPT

:

21/09/2010

NATIONALITY

:

INDIAN

I/C PASSPORT

:

G6299143M

 

NAME

:

TAN TECK NGUAN MICHAEL

ADDRESS

:

205 ANG MO KIO AVENUE 1 #07-1089 SINGAPORE 560205

POSITION

:

DIRECTOR

DATE OF APPT

:

11/05/2006

NATIONALITY

:

SINGAPORE CITIZEN

I/C PASSPORT

:

S1217289C

 

NAME

:

SONIA JATIN MEHTA

ADDRESS

:

33 JALAN MUTIARA #11-03 LATITUDE SINGAPORE 249208

POSITION

:

DIRECTOR

DATE OF APPT

:

21/09/2010

NATIONALITY

:

INDIAN

I/C PASSPORT

:

S2766230G

 

NAME

:

YAP CHING CHING JOCELYN

ADDRESS

:

245 BISHAN STREET 22 #10-310 SINGAPORE 570245

POSITION

:

SECRETARY

DATE OF APPT

:

15/05/2006

NATIONALITY

:

SINGAPORE CITIZEN

I/C PASSPORT

:

S7048039E

 

 

KEY PERSONNEL PROFILE

 

Name:

YAP CHING CHING JOCELYN

NRIC Number:

S7048039E

Available Address:

245 BISHAN STREET 22 #10-310  SINGAPORE 570245

 

Current Business Interest

No.

Name

Position

Appt Date

#of Share

%

1

A.IX PRIVATE LIMITED

SECRETARY

18/07/2007

-

-

2

ALLOT COMMUNICATIONS (ASIA PACIFIC) PTE. LTD.

SECRETARY

04/07/2007

-

-

3

ANAGAMI PTE. LTD.

SECRETARY

26/11/2007

-

-

4

AQUABIS ASIA PTE. LTD.

SECRETARY

20/04/2007

-

-

5

ASCEND INTERNATIONAL PTE. LTD.

SECRETARY

10/12/2003

-

-

6

ASCEND INTERNATIONAL TRAINING PTE. LTD.

SECRETARY

11/09/2006

-

-

7

ASIA DESSERT MARKETING PTE. LTD.

SECRETARY

15/03/2004

-

-

8

ASIAN GREEN ENERGY PTE. LTD.

SECRETARY

12/04/2010

-

-

9

AVADA TECHNIC PRODUCTS PTE LTD

SECRETARY

01/12/2005

-

-

10

BIGDUCK CONSULTING PTE. LTD.

SECRETARY

29/05/2008

-

-

11

BUSINESS TOOLS PTE. LTD.

SECRETARY

02/08/2007

-

-

12

CALIBRE GLOBAL PTE. LTD.

SECRETARY

08/02/2006

-

-

13

CALIBRE SYSTEMS PTE. LTD.

SECRETARY

12/08/2005

-

-

14

CAMBRIDGE SOLUTIONS (XCHANGING) PTE. LTD.

SECRETARY

12/03/2003

-

-

15

CLIFF SINGAPORE PTE. LTD.

SECRETARY

10/10/2007

-

-

16

COASTAL ASIA DEVELOPMENT PTE. LTD.

SECRETARY

19/07/2007

-

-

17

COASTAL CAPITAL PTE. LTD.

DIRECTOR

08/08/2003

50

50.00

18

COASTAL CAPITAL PTE. LTD.

SECRETARY

08/08/2003

50

50.00

19

COASTAL CAPITAL PTE. LTD.

SHAREHOLDER

-

50

50.00

20

COASTAL INVESTMENTS PTE. LTD.

SECRETARY

11/01/2011

-

-

21

DEKORON WIRE AND CABLE ASIA PRIVATE LIMITED

SECRETARY

26/05/2008

-

-

22

DESIGN ESSENCE PTE. LTD.

SECRETARY

12/06/2007

-

-

23

DPR INTERNATIONAL PRIVATE LIMITED

SECRETARY

06/07/2004

-

-

24

EUPHORIA SOLUTIONS PTE. LTD.

SECRETARY

20/06/2007

-

-

25

EX LIBRIS ASIA PACIFIC PTE. LTD.

SECRETARY

01/08/2008

-

-

26

FINLION PTE LTD

SECRETARY

01/11/2001

-

-

27

FPL PTE. LTD.

SECRETARY

22/04/2010

-

-

28

GEZE INDUSTRIES (TIANJIN) CO., LTD (SINGAPORE BRANCH)

AGENT

30/12/2009

-

-

29

GLOBAL GUIDANCE GROUP PTE. LTD.

SECRETARY

02/02/2011

-

-

30

GLOBETEC SOLUTIONS PTE. LTD.

SECRETARY

12/05/2008

-

-

31

GLOCONN PTE. LTD.

SECRETARY

23/01/2008

-

-

32

GNJ (ASIA PACIFIC) PTE LTD

DIRECTOR

19/04/2000

10000

10.00

33

GNJ (ASIA PACIFIC) PTE LTD

SECRETARY

02/07/2001

10000

10.00

34

GPC SERVICES & ENGINEERING PTE. LTD.

SECRETARY

21/02/2008

-

-

35

GRACEPEAK PTE LTD

SECRETARY

26/08/2004

-

-

36

H.T. CONSULTANCY PTE LTD

SECRETARY

12/07/2006

-

-

37

HELIOS INTERNATIONAL PTE. LTD.

SECRETARY

10/06/2008

-

-

38

IGALLERY PTE LTD

SECRETARY

17/03/2010

-

-

39

INDO PETRO NUSANTARA ENERGY PTE. LTD.

SECRETARY

18/04/2008

-

-

40

INTEGRITEE CORP PTE. LTD.

SECRETARY

22/10/2008

-

-

41

INTEGRITEE PTE. LTD.

SECRETARY

04/05/2009

-

-

42

IRENE'S CREATION PTE. LTD.

SECRETARY

17/03/2010

-

-

43

JAYAM DIAMONDS INTERNATIONAL PTE. LTD.

SECRETARY

09/07/2010

-

-

44

JPG TECHNOLOGY PTE. LTD.

SECRETARY

28/09/2007

-

-

45

K&T ACCESSORY TRADING PTE. LTD.

SECRETARY

24/05/2004

-

-

46

KEYPOST (INTERNATIONAL) PTE. LTD.

SECRETARY

01/08/2008

-

-

47

KEYPOST (SINGAPORE) PTE. LTD.

SECRETARY

26/08/2005

-

-

48

KRITI GLOBAL PTE. LTD.

SECRETARY

17/12/2009

-

-

49

KYNOSURE INTERNATIONAL PTE. LTD.

SECRETARY

05/06/2009

-

-

50

LANKRO WIRE SALES PTE LTD

SECRETARY

10/10/2001

-

-

51

LIFEINC. GROUP LTD

SECRETARY

17/01/2005

-

-

52

LIFEINC. HEALTHCARE SERVICES PTE. LTD.

SECRETARY

17/01/2005

-

-

53

MICHAEL FAITH CONSULTANTS PTE LTD

DIRECTOR

03/04/2001

50000

50.00

54

MICHAEL FAITH CONSULTANTS PTE LTD

SECRETARY

02/07/2001

50000

50.00

55

NOW COMMUNICATIONS GROUP PTE. LTD.

DIRECTOR

30/09/2008

-

-

56

NOW COMMUNICATIONS GROUP PTE. LTD.

SECRETARY

30/09/2008

-

-

57

ON-RAMP WIRELESS ASIA PTE. LTD.

SECRETARY

23/07/2010

-

-

58

PAULUS PLUS PTE. LTD.

SECRETARY

08/06/2010

-

-

 

59

PEERAPP ASIA PACIFIC PTE. LTD.

SECRETARY

16/05/2008

-

-

60

PERPETUAL HELP MANAGEMENT SERVICES PRIVATE LIMITED

SECRETARY

10/05/2010

-

-

61

PLANTATION INVESTMENT & MANAGEMENT COMPANY PTE. LTD.

SECRETARY

09/05/2008

-

-

62

POLISHING TECHNOLOGIES PTE. LTD.

SECRETARY

15/05/2006

-

-

63

PRIMUS GLOBAL CAPITAL PTE. LTD.

DIRECTOR

28/11/2008

-

-

64

PRIMUS GLOBAL CAPITAL PTE. LTD.

SECRETARY

28/11/2008

-

-

65

PROTECTRON NANOCOMPOSITES PTE. LTD.

SECRETARY

13/05/2005

-

-

66

PUDDING MEDIA SINGAPORE PTE. LTD.

SECRETARY

14/04/2009

-

-

67

RJ MANAGEMENT SERVICES PTE LTD

SECRETARY

25/03/2008

-

-

68

ROYALINK TRADING PTE. LTD.

DIRECTOR

01/01/2011

240000

40.00

69

ROYALINK TRADING PTE. LTD.

SECRETARY

01/04/2008

240000

40.00

70

SAN YANG PETROCHEMICAL (SINGAPORE) PTE. LTD.

SECRETARY

06/10/2004

-

-

71

SANLIN TRADING PTE. LTD.

SECRETARY

21/02/2008

-

-

72

SERVICE MANAGEMENT INTERNATIONAL ASIA PACIFIC PTE. LTD.

SECRETARY

12/11/2009

-

-

73

SEVEN SEAS COMPUTERS (PTE) LTD

SECRETARY

26/07/2002

-

-

74

SINGAPORE OH PRIVATE LIMITED

SECRETARY

19/10/2009

-

-

75

SINTECH ENGINEERING PTE. LTD.

SECRETARY

14/12/2006

-

-

76

SKY WINGS PTE. LTD.

SECRETARY

30/10/2007

-

-

77

SUN RISE PRINTING & SUPPLIES PTE LTD

SECRETARY

19/05/2005

-

-

78

THANAKHA - GULLIVER PTE. LTD.

SECRETARY

07/04/2010

-

-

79

THE AMINO BAR PTE. LTD.

SECRETARY

01/07/2010

-

-

80

THE GEMESIS COMPANY (S) PTE. LTD.

SECRETARY

07/12/2005

-

-

81

THE TENNIS CLUB PTE. LTD.

SECRETARY

25/02/2011

-

-

82

UU CONSULTING PTE. LTD.

SECRETARY

09/07/2003

-

-

83

V-TEK INCORPORATED PTE. LTD.

SECRETARY

20/09/2007

-

-

84

VOLATILITY RESEARCH & TRADING PTE. LTD.

SECRETARY

01/05/2003

-

-

85

Z-CAR RENTAL & TRAVEL SERVICE PTE LTD

SECRETARY

07/10/2008

-

-

 

 

KEY PERSONNEL PROFILE

 

Previous Business

 

No.

Name

 

 

Status

Position

Appt Date

Last Known Inactive Date

1

A & S CONSULTANCY PTE. LTD.

LIVE COMPANY

SECRETARY

25/11/2005

28/02/2006

2

A-PRAISE CARGO SERVICES PTE. LTD.

STRUCK OFF

DIRECTOR

10/09/2001

08/02/2002

3

A-PRAISE CARGO SERVICES PTE. LTD.

STRUCK OFF

SECRETARY

17/09/2001

31/10/2002

4

AGILITA PTE. LTD.

STRUCK OFF

SECRETARY

06/05/2004

28/02/2006

5

ALLYA HOLDINGS PTE. LTD.

STRUCK OFF

SECRETARY

29/11/2005

28/02/2006

6

ASCENDENT TECHNOLOGIES PTE. LTD.

LIVE COMPANY

SECRETARY

11/01/2006

23/02/2007

7

ASIA DESSERT PTE LTD

LIVE COMPANY

SECRETARY

06/01/2004

28/05/2007

8

ASIA FRUIT JUICE PRIVATE LIMITED

LIVE COMPANY

SECRETARY

02/07/2004

28/05/2007

9

BAYWATER UTILITIES PTE. LTD.

GAZETTED TO BE STRUCK OFF

SECRETARY

23/12/2004

19/07/2005

10

BEL ORIENT HOLDINGS PTE. LTD.

STRUCK OFF

SECRETARY

07/07/2005

28/02/2006

11

BIG TIME HOLDINGS (S) PTE. LTD.

LIVE COMPANY

SECRETARY

29/04/2002

26/05/2004

12

BIG TIME MOTORSPORTS (S) PTE. LTD.

LIVE COMPANY

SECRETARY

29/04/2002

26/05/2004

13

BILLERIDGE PTE. LTD.

LIVE COMPANY

SECRETARY

06/07/2005

28/02/2006

14

BRUNET INTERNATIONAL PRIVATE LIMITED

STRUCK OFF

DIRECTOR

16/09/2002

08/12/2006

15

BRUNET INTERNATIONAL PRIVATE LIMITED

STRUCK OFF

SECRETARY

16/09/2002

08/12/2006

16

BRUNET INTERNATIONAL PRIVATE LIMITED

STRUCK OFF

SHAREHOLDER

-

-

17

BT MARINE PRIVATE LIMITED

LIVE COMPANY

SECRETARY

21/05/2004

28/02/2006

18

CAPRICE HOME FURNISHINGS ASIA PTE. LTD.

LIVE COMPANY

SECRETARY

01/03/2005

28/02/2006

19

CAPSTONE CAPITAL PTE. LTD.

LIVE COMPANY

SECRETARY

01/07/2005

03/04/2006

 20

CARFORTH ENGINEERING PTE. LIMITED

IN LIQUIDATION - MEMBERS' VOLUNTARY WINDING UP

SECRETARY

31/03/2004

28/02/2006

 

21

CARRINGTON PTE. LIMITED

IN LIQUIDATION - MEMBERS' VOLUNTARY WINDING UP

SECRETARY

31/03/2004

28/02/2006

 

22

CENTRE FOR THE ADVANCEMENT OF RESEARCH & DEVELOPMENT IN EDUCATIONAL TECHNOLOGY LIMITED

LIVE COMPANY

SECRETARY

10/06/2005

08/09/2009

 

23

CHENNAI'S ANJAPPAR CHETTINAADU RESTAURANT PTE. LTD.

LIVE COMPANY

SECRETARY

05/07/2005

06/06/2007

 

24

CHINGARI ENTERPRISES PTE. LTD.

STRUCK OFF

SECRETARY

23/04/2004

15/12/2004

 

25

CIELITO LINDO PTE LTD

GAZETTED TO BE STRUCK OFF

DIRECTOR

06/12/2001

-

 

26

CLUBSHINE CAR GROOMING PTE. LTD.

STRUCK OFF

SECRETARY

10/02/2003

06/09/2007

 

27

CORNERSTONE ASIA INVESTMENTS PTE. LIMITED

STRUCK OFF

SECRETARY

14/05/2004

16/01/2009

 

28

DIGITAL CONVERGENCE (S) PTE. LTD.

STRUCK OFF

SECRETARY

30/05/2003

19/04/2005

 

29

DIVIN PTE. LTD.

LIVE COMPANY

SECRETARY

17/12/2004

22/08/2005

 

30

DMT PRIVATE LIMITED

STRUCK OFF

SECRETARY

31/03/2004

28/02/2006

 

31

DRAGON NEWS (SINGAPORE) PTE. LTD.

STRUCK OFF

SECRETARY

13/02/2006

04/02/2010

 

32

EASTERN INTERNATIONAL TRADING PTE. LTD.

STRUCK OFF

SECRETARY

20/07/2005

28/02/2006

 

33

ECO 4 THE WORLD SINGAPORE LIMITED

LIVE COMPANY

SECRETARY

27/10/2004

20/05/2005

 

34

EDGE INNOVATIVE LEARNING (SINGAPORE) PTE LTD

DISSOLVED - CREDITORS' VOLUNTARY WINDING UP

SECRETARY

01/08/2002

02/05/2008

 

35

EURESYS PTE. LTD.

LIVE COMPANY

SECRETARY

29/03/2004

13/05/2004

 

 

36

FAIR & SQUARE ARTISAN GALLERY PTE. LTD.

LIVE COMPANY

SECRETARY

08/09/2008

19/03/2010

37

FAIR FIELD PTE. LTD.

LIVE COMPANY

SECRETARY

31/10/2005

28/02/2006

38

FINAL SOUND INTERNATIONAL PTE. LTD.

IN LIQUIDATION - MEMBERS' VOLUNTARY WINDING UP

SECRETARY

14/12/2004

28/02/2006

39

FINE ORIENTAL ANTIQUES TRADING PTE. LTD.

LIVE COMPANY

SECRETARY

12/08/2005

28/02/2006

40

FM CONTRACTING SERVICES PRIVATE LIMITED

LIVE COMPANY

SECRETARY

07/06/2004

28/02/2006

41

FOSTER MANAGEMENT PTE. LTD.

LIVE COMPANY

SECRETARY

13/09/2005

28/02/2006

42

GEZE ASIA PACIFIC LIMITED (SINGAPORE BRANCH)

CEASED REGISTRATION

AGENT

24/10/2008

24/06/2009

43

GNJ ENTERPRISE

TERMINATION

MANAGER

13/08/1994

03/01/1998

44

GNJ ENTERPRISE

TERMINATION

OWNER

13/08/1994

03/01/1998

45

GREEN LEAF CONSULTANTS PRIVATE LIMITED

STRUCK OFF

SECRETARY

02/07/2001

05/03/2008

46

HQM PRINTING TECHNOLOGY PTE. LTD.

STRUCK OFF

SECRETARY

17/11/2003

16/01/2009

47

HUTTONS ASIA PTE. LTD.

LIVE COMPANY

SECRETARY

01/09/2003

07/11/2007

48

HUTTONS RESIDENTIAL PTE. LTD.

LIVE COMPANY

SECRETARY

01/09/2003

07/11/2007

49

ILAB PARTNERS PTE. LTD.

STRUCK OFF

SECRETARY

25/04/2005

11/12/2007

50

IMAGEWORKS PTE. LTD.

LIVE COMPANY

SECRETARY

25/11/2004

15/05/2006

51

INDIANA TRADERS PTE. LTD.

LIVE COMPANY

SECRETARY

12/08/2005

26/12/2007

52

INNOGENE KALBIOTECH PTE. LTD.

LIVE COMPANY

SECRETARY

31/03/2004

12/01/2006

53

INSIGHT ADJUSTERS AND SURVEYORS PTE LTD

LIVE COMPANY

SECRETARY

01/03/2002

31/10/2002

54

INSIGHT EXPERTISE PTE LTD

LIVE COMPANY

SECRETARY

01/03/2002

31/10/2002

55

INSIGHT MARINE SERVICES PTE LTD

LIVE COMPANY

SECRETARY

01/03/2002

31/10/2002

56

INTEGROS PTE. LTD.

LIVE COMPANY

SECRETARY

08/08/2003

28/02/2006

57

INTERNATIONAL OIL TRADING PTE. LTD.

LIVE COMPANY

SECRETARY

13/12/2005

28/02/2006

58

INTERTRUST SINGAPORE AGENCY & ESCROW PTE. LTD.

LIVE COMPANY

SECRETARY

31/03/2004

28/02/2006

59

J L MONARCH INTERNATIONAL PTE. LTD.

LIVE COMPANY

SECRETARY

11/07/2005

20/09/2006

60

JCAL PRIVATE LIMITED

LIVE COMPANY

SECRETARY

01/06/2004

25/10/2004

61

JJM MANAGEMENT & CONSULTANCY SERVICES

TERMINATION

MANAGER

08/12/2000

03/04/2001

62

JJM MANAGEMENT & CONSULTANCY SERVICES

TERMINATION

OWNER

08/12/2000

03/04/2001

63

JMECC INTERNATIONAL PRIVATE LIMITED

STRUCK OFF

SECRETARY

03/06/2004

18/01/2005

64

JOOVISION (SIMEX TRADER) PTE LTD

LIVE COMPANY

SECRETARY

11/12/2008

31/12/2009

65

JPG LOGISTICS PTE. LTD.

STRUCK OFF

SECRETARY

12/01/2009

-

66

KNOWLEDGE DIRECTOR PTE. LTD.

IN LIQUIDATION - COMPULSORY WINDING UP (INSOLVENCY)

SECRETARY

28/01/2002

12/03/2008

67

KRITI HOLDINGS PRIVATE LIMITED

STRUCK OFF

SECRETARY

21/10/2009

10/05/2010

68

LANDMARK CONCEPTS PTE LTD

STRUCK OFF

SECRETARY

14/12/2001

05/03/2008

69

LDN (RECOVERIES) PTE. LTD.

STRUCK OFF

DIRECTOR

01/08/2001

08/02/2002

70

LEGAL SUPPORT SERVICES

CANCELLATION

MANAGER

10/01/2003

02/05/2006

71

LEGAL SUPPORT SERVICES PTE. LTD.

STRUCK OFF

DIRECTOR

01/12/2003

04/01/2008

72

LEGAL SUPPORT SERVICES PTE. LTD.

STRUCK OFF

SECRETARY

01/12/2003

04/01/2008

73

LEGAL SUPPORT SERVICES PTE. LTD.

STRUCK OFF

SHAREHOLDER

-

-

74

LIFEINC HOLDINGS PTE. LTD.

LIVE COMPANY

SECRETARY

30/01/2009

22/05/2009

75

LINKASIA CONSULT PTE LTD

LIVE COMPANY

DIRECTOR

14/07/2000

26/11/2003

76

LINKASIA CONSULT PTE LTD

LIVE COMPANY

SECRETARY

02/07/2001

26/11/2003

77

MAESTROSOFT PTE LTD

LIVE COMPANY

SECRETARY

10/06/2002

06/06/2007

78

MAX-E-FEX PTE. LTD.

LIVE COMPANY

SECRETARY

07/06/2007

30/05/2008

79

MERCHANT VENTURES PTE LTD

STRUCK OFF

SECRETARY

01/04/2005

13/06/2009

80

MICHAEL FAITH CONSULTANTS

TERMINATION

OWNER

28/03/2001

07/05/2002

81

MMS HOLDINGS PTE. LTD.

STRUCK OFF

SECRETARY

11/01/2005

10/09/2005

82

NIMURA ELECTRICAL & ENGINEERING PTE. LTD.

LIVE COMPANY

SECRETARY

02/03/2007

25/01/2010

83

NOVATARA PTE. LTD.

LIVE COMPANY

SECRETARY

17/05/2006

01/03/2007

84

OPTARA PTE. LTD.

LIVE COMPANY

SECRETARY

18/04/2005

11/12/2007

85

ORTHIEN CONSULTING PTE. LTD.

STRUCK OFF

SECRETARY

02/08/2006

03/11/2007

86

OUTOFTHEBOX1 PTE. LTD.

STRUCK OFF

SECRETARY

29/12/2005

10/05/2010

87

PACIFIC EUROPEAN PTE. LTD.

LIVE COMPANY

SECRETARY

21/10/2005

28/02/2006

88

PETROCHEMICAL BROKERAGE ASIA PTE. LTD.

LIVE COMPANY

SECRETARY

02/12/2005

28/02/2006

89

PROCREDIT & CONTROL PTE. LTD.

STRUCK OFF

SECRETARY

03/04/2003

31/12/2007

90

PROSUN INDUSTRIAL PTE. LTD.

LIVE COMPANY

SECRETARY

29/11/2005

28/02/2006

91

PUDDING MEDIA SINGAPORE PTE. LTD.

LIVE COMPANY

DIRECTOR

14/04/2009

08/05/2009

92

QARZ INTERNATIONAL PTE. LTD.

LIVE COMPANY

SECRETARY

31/08/2007

08/07/2009

93

QIRON PHARMACEUTICALS PTE. LTD.

GAZETTED TO BE STRUCK OFF

SECRETARY

14/09/2004

-

94

RESOURCE CONSULTANTS PTE. LTD.

LIVE COMPANY

SECRETARY

22/04/2003

21/04/2008

95

RINUVA GROUP PTE. LTD.

STRUCK OFF

SECRETARY

03/03/2004

25/10/2004

96

RUDOLPH TECHNOLOGIES, INC.

LIVE COMPANY

AGENT

01/01/2003

31/08/2005

97

SAN YANG PETROCHEMICAL (SINGAPORE) PTE. LTD.

LIVE COMPANY

DIRECTOR

06/10/2004

03/12/2004

98

SCIPION PTE. LTD.

STRUCK OFF

SECRETARY

06/05/2004

28/02/2006

99

SEA POINT CONSULTANTS PTE. LTD.

LIVE COMPANY

SECRETARY

18/11/2004

28/02/2006

100

SEOUL-INSIGHT PTE LTD

STRUCK OFF

SECRETARY

01/04/2002

31/10/2002

101

SEVEN SEAS COMPUTERS HOLDINGS (PTE) LIMITED

STRUCK OFF

SECRETARY

26/07/2002

04/01/2008

102

SEVEN SEAS COMPUTERS INVESTMENTS (PTE) LIMITED

STRUCK OFF

SECRETARY

26/07/2002

06/11/2009

103

SEVEN SEAS COMPUTERS.COM (SINGAPORE) PTE LTD

STRUCK OFF

SECRETARY

26/07/2002

05/03/2008

104

SHENG LOONG CONSTRUCTION & ENGINEERING PTE. LTD.

STRUCK OFF

SECRETARY

17/10/2008

11/05/2010

105

SHIP-VAL (IMS) PTE LTD

LIVE COMPANY

SECRETARY

01/03/2002

31/10/2002

106

SINGLUX INVESTMENTS PTE. LTD.

LIVE COMPANY

SECRETARY

23/03/2004

28/02/2006

107

SLABC PTE. LTD.

LIVE COMPANY

SECRETARY

08/07/2005

28/02/2006

108

SPACE EDITION PTE. LTD.

LIVE COMPANY

SECRETARY

29/04/2008

02/05/2009

109

STEEL BONNETS HOLDING PTE. LTD.

LIVE COMPANY

SECRETARY

10/06/2004

28/02/2006

110

STEPSTONE SOLUTIONS SINGAPORE PTE. LTD.

LIVE COMPANY

SECRETARY

26/03/2007

06/03/2008

111

SUNRISE MARINE CONSULTANTS PTE LTD

LIVE COMPANY

SECRETARY

01/08/2001

30/11/2001

112

TONGDA ENERGY PRIVATE LIMITED

LIVE COMPANY

SECRETARY

30/06/2004

14/08/2007

113

TROPIC HOLDINGS PTE. LTD.

STRUCK OFF

SECRETARY

28/04/2004

04/02/2010

114

TSP PROMOTIONS (S) PTE LTD

STRUCK OFF

SECRETARY

24/05/2002

-

115

TTS ASIA LEARNING SOLUTIONS PTE LTD

STRUCK OFF

SECRETARY

01/11/2001

08/04/2007

116

UU HEALTHCARE (ASIA PACIFIC) PTE. LTD.

STRUCK OFF

SECRETARY

07/06/2007

06/06/2009

117

VF ENGINEERING PTE. LTD.

LIVE COMPANY

SECRETARY

26/06/2006

25/01/2010

118

WALNUT HOLDINGS PTE. LTD.

STRUCK OFF

SECRETARY

14/07/2005

28/02/2006

119

WAN SHAN CAPITAL PTE. LTD.

LIVE COMPANY

SECRETARY

07/11/2005

19/01/2009

120

WINGATE INVESTMENTS PTE. LTD.

DISSOLVED - CREDITORS' VOLUNTARY WINDING UP

SECRETARY

16/01/2005

28/02/2006

121

XETROV CONSULTING PTE. LTD.

STRUCK OFF

SECRETARY

10/06/2008

-

122

YURAKU PTE. LTD.

LIVE COMPANY

SECRETARY

29/03/2005

13/02/2006

 

Bankruptcy Record

Case No.

Year

Date of Filing

Petitioner Name

Amount

No Trace

 

 

 

 

 

Litigation Search – Writ of Summons

Court

Case No.

Year

Date of Filing

Amount

Cause Category

No Trace

 

 

 

 

 

 

 

SUBSIDIARIES AND ASSOCIATE COMPANIES

 

Company

Shareholdings (%)

NA

 

                                                                                                                       

 

BANKERS/ FINANCIERS

 

Subject enjoys a normal banking routine with its bankers. To date, there are no bank charges registered against Subject by its bankers.

 

 

LITIGATION

 

Clear

 

 

COMPLIANCE RECORDS

 

Date of Last AGM

:

30/11/2010

Date of Last AR

:

30/12/2010

Date of A/C Laid At Last AGM

:

31/03/2010

 

 

FINANCIAL HIGHLIGHTS

 

Financial Figures

Company

 

MAR 2008

% Change

MAR 2007

Currency

SINGAPORE, DOLLARS

 

SINGAPORE, DOLLARS

Profit and Loss Key Figures

 

 

 

Turnover

2,600,286

189.18

899,196

Profit/(Loss) Before Tax

(443,969)

NA

(1,017,462)

Profit After Tax attributable to Shareholders

(443,969)

NA

(1,017,462)

 

 

 

 

Balance Sheet Key Figures

 

 

 

Total Assets

5,044,406

136.99

2,128,512

Current Assets

4,542,010

194.19

1,543,903

Non Current Assets

502,396

-14.06

584,609

 

 

 

 

Total Liabilities

6,005,837

126.98

2,645,974

Current Liabilities

6,005,837

126.98

2,645,974

Non Current Liabilities

0

NA

0

Shareholders' Funds

(961,431)

NA

(517,462)

Share Capital

500,000

0.00

500,000

Total Reserves

(1,461,431)

NA

(1,017,462)

 

 

 

 

 

FINANCIAL RATIOS

 

 

Company

 

MAR 2008

MAR 2007

Growth %

 

 

Year-on-Year Growth

189.18

NA

 

 

 

Profitability

 

 

Profit Margin (%)

-17.07

-113.15

Return on Equity (%)

-46.18

-196.63

Return on Assets (%)

-8.80

-47.80

 

 

 

Leverage

 

 

Total Debt/Equity (Times)

-6.25

-5.11

Current Debt/Equity (Times)

0.00

0.00

Long Term Debt To Equity (Times)

0.00

0.00

Total Asset To Total Equity (Times)

-5.25

-4.11

 

 

 

Asset Management

 

 

Total Assets Turnover (Times)

0.52

0.42

Fixed Assets Turnover (Times)

5.18

1.54

 

 

 

Liquidity

 

 

Current Ratio (Times)

0.76

0.58

 

FINANCIAL COMMENTARY

 

Profitability

We are unable to comment on Subject's profitability as Subject posted losses for FY08.

 

 

Liquidity

 

Current ratio stood at 0.76 times in FY08 (FY07: 0.58 times). This means that the company has SINGAPORE, DOLLARS 0.76 of current assets for every SINGAPORE, DOLLARS of current liability incurred.

 

A minimum figure of 1.0 would be considered the lowest limit that this figure should reach. Any business that has a current ratio near 1.0 may be heading for liquidity problems, and would need to be closely monitored. A figure greater than 2.0 would be more desirable, to act as a buffer against any short-term liquidity problems, and give creditors/bank managers a degree of comfort when granting credit/finance.

 

 

 

 

 

 

Leverage

We are unable to comment on Subject's leverage as Subject is in net deficit position.

 

 

Efficiency Ratio

 

 

We are unable to comment on Subject's return on assets as Subject posted losses for FY08.

 

We are unable to comment on Subject's return on assets as Subject posted losses for FY08.

 

Total assets turnover ratio logged at 0.52 times in FY08 (FY07: 0.42 times). This ratio measures the company's ability to make productive use of its total assets to generate sales which reflects the efficiency of the management in utilising its resources.

 

FOREIGN EXCHANGE RATES

 

Currency
Unit

Indian Rupees

US Dollar

1

Rs.52.23

UK Pound

1

Rs.84.16

Euro

1

Rs.68.84

 

 

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

 

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.