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Report Date : |
13.08.2012 |
IDENTIFICATION DETAILS
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Name : |
COPYTRON TECHNOLOGIES PTE. LTD. |
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Formerly Known As : |
COPYTRON OFFICE PRODUCTS PTE LTD |
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Registered Office : |
9 Eunos Avenue |
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Country : |
Singapore |
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Financials (as on) : |
31.12.2008 |
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Date of Incorporation : |
16.06.1983 |
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Com. Reg. No.: |
198302776W |
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Legal Form : |
Limited Exempt Private Company |
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Line of Business : |
Wholesale of Office Machines and Equipment (Including
Accessories) |
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No. of Employees : |
Not Available |
RATING & COMMENTS
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MIRA’s Rating : |
B |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
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Status : |
Moderate |
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Payment Behaviour : |
Slow but Correct |
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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 |
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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 |
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Company Name: |
Copytron Technologies Pte. Ltd. |
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Supplied Name: |
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No 9 Eunos Avenue |
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Supplied Address: |
No. 9 Eunos Avenue |
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Fax Number: |
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Notes: Subject’s exact name and address are as above.
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Credit Opinion: |
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Registered Name: |
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Registered Address: |
9 Eunos Avenue |
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Date of Registration:: |
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Registered Number: |
198302776W |
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Country of Incorporation: |
Singapore |
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Registered Capital: |
SGD 5,000,000 (USD 4,028,000) (As of 2012.08, 1 SGD = 0.8056 USD) |
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Paid-up Capital: |
SGD 5,000,000 (USD 4,028,000) = 5,000,000 Shares@1 SGD |
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Legal Form: |
Limited Exempt Private Company |
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Principal Activities: |
46591--Wholesale Of Office Machines And Equipment (Including Accessories) |
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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: |
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Notes: Subject did not introduce its staff number; from other source we can not obtain the relevant information, either.
Subject was incorporated on
Change
of Name:
|
Date
|
Change
|
|
|
COPYTRON OFFICE PRODUCTS PTE LTD |
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|
COPYTRON TECHNOLOGIES PTE. LTD. |
|
Subscription
Amount |
Proportion
of Investment (%) |
|
|
Tan Kwee Hoe |
3,500,000 |
70% |
|
Tan Kiat Wee Barry |
1,500,000 |
30% |
|
Total |
5,000,000 |
100% |
Major Shareholder Information:
|
1 |
|
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Name: |
Tan Kwee Hoe |
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ID Number: |
S |
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Address: |
39 Ford Avenue Singapore 268719 |
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2 |
|
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Name: |
Tan Kiat Wee Barry |
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ID Number: |
S8039173J |
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Address: |
39 Ford Avenue Singapore 268719 |
Subject did not introduce whether it has any subsidiaries or branches, from other source we can not obtain the relevant information, either.
Detailed Information of Management:
|
1 |
|
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Name: |
Tan Kwee Hoe |
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Position: |
Director |
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ID Number: |
S |
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Address: |
39 Ford Avenue Singapore 268719 |
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Nationality: |
Singapore Citizen |
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Date of Appointment: |
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2 |
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Name: |
Tan Kwee Hoe |
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Position: |
Manager |
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ID Number: |
S |
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Address: |
39 Ford Avenue Singapore 268719 |
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Nationality: |
Singapore Citizen |
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Date of Appointment: |
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3 |
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Name: |
Chong Hui Miang |
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Position: |
Director |
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ID Number: |
S1772556D |
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Address: |
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Nationality: |
Singapore Citizen |
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Date of Appointment: |
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4 |
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Name: |
Lai Keen Yuen |
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Position: |
Secretary |
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ID Number: |
S7529535I |
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Address: |
16 Ang Mo Kio Central 3 #09-28 Grandeur 8
Singapore 567748 |
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Nationality: |
Singapore Citizen |
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Date of Appointment: |
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Offices
& Factories
|
|
Office |
|
Address: |
No 9 Eunos Avenue |
Production
Information
l
Subject is engaged in trading of copier
consumables, copier spare parts and used machines.
Purchase
Information
l
Subject purchases mainly from foreign countries
such as Japan
l
Subject is the agent distributor of the brands
including Toshiba, Brother, RICOH Aficio, Konica Minolta, Xerox Vivace, Cannon,
Sharp and Panasonic, etc
Sales
Information
l
Subject is engaged in sales of copier consumables,
copier spare parts and used machines.
l
Subject’s products are mainly sold in domestic
market, while the overseas customers are not declined.
Major products
|
1 |
Copier / Printer
Toner |
|
2 |
Developer/ Drum |
|
3 |
Upper Heater
Roller/Lower Pressure Roller |
|
4 |
Drum Cleaning
Blade |
|
5 |
Exposure Heater
Lamp |
|
6 |
Fax & Fuser
Film/ Ink Master Roll |
Purchase
Domestic Markets
Subject has little
domestic purchase
Overseas Markets
|
Products |
Payment Terms |
Proportion |
|
CBD, etc |
100% |
Sales
Domestic Markets
|
Sales Terms |
Proportion |
|
|
Copier Consumables, etc |
CBD, COD, etc |
100% |
Overseas Markets
|
Product |
Sales Terms |
Proportion |
|
Copier Consumables, etc |
CBD, etc |
100% |
Unit: SGD
|
|
|
|
|
|
17,337,001.00 |
16,989,103.00 |
18,664,407.00 |
|
|
Total Current Assets |
11,257,701.00 |
10,567,596.00 |
12,280,468.00 |
|
Total Non-Current
Assets f.k.a. [Fixed And Others] |
6,079,300.00 |
6,421,507.00 |
6,383,939.00 |
|
Total Liabilities |
17,114,606.00 |
16,851,613.00 |
18,658,425.00 |
|
Total Current
Liabilities |
6,412,290.00 |
5,940,795.00 |
17,326,904.00 |
|
Total Non-Current
Liabilities |
10,702,316.00 |
10,910,818.00 |
1,331,521.00 |
|
Total Equity f.k.a
[Shareholder's Funds] |
222,395.00 (USD 179,161) |
137,490.00 (USD 110,762) |
5,982.00 (USD 4,819) |
|
Paid-Up Capital |
N.A. |
N.A. |
N.A. |
|
Share Capital |
4,500,000.00 |
1,500,000.00 |
4,500,000.00 |
|
Other Reserves, Total
f.k.a. [Reserves] |
0.00 |
3,000,000.00 |
1,672,186.00 |
|
Retained
Earnings/(Accumulated Loss) |
(4,277,605.00) |
(4,362,510.00) |
(6,166,204.00) |
(As of 2012.08, 1 SGD = 0.8056 USD)
Unit: SGD
|
|
2008 |
2007 |
2006 |
|
Revenue f.k.a [Sales Turnover And Other Operating
Revenues] |
21,870,173.00 (USD 17,618,611) |
16,595,374.00 (USD 13,369,233) |
21,430,424.00 (USD 17,264,350) |
|
Profit/(Loss) before Tax from Continuing Operations f.k.a [Profit/(Loss) before tax] |
179,390.00 |
327,961.00 |
116,033.00 |
|
Profit/(Loss) after Tax from Continuing Operations f.k.a [Profit/(Loss) After Tax] |
84,905.00 |
131,508.00 |
115,683.00 |
|
Net Income/(Loss) From Extraordinary And Non-Operating
Items |
N.A |
N.A |
N.A |
|
Profit/(Loss) After Tax and Extraordinary Items |
N.A |
N.A |
N.A |
(As of 2012.08, 1 SGD = 0.8056 USD)
|
|
2008 |
2007 |
2006 |
|
Earning Capacity |
|
|
|
|
Rate of Net Profit on Sales (%) |
0.39 |
0.79 |
0.54 |
|
Return of Investment (%) |
0.49 |
0.77 |
0.62 |
|
Return of Shareholder's Funds (%) |
38.18 |
95.65 |
1,933.85 |
|
Total Assets Turnover (%) |
1.26 |
0.98 |
1.15 |
|
Financial Stability |
|
|
|
|
Current/Working Capital Ratio (%) |
1.76 |
1.78 |
0.71 |
|
Proprietary Ratio (%) |
1.28 |
0.81 |
0.03 |
|
Total Debt to Equity Ratio (%) |
98.72 |
99.19 |
99.97 |
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.
The financials
above are what we can obtain from all of our avaialble sources.
Bank Charges
|
1 |
|
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Charge Number |
C201102838 |
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Date of Registration |
|
|
Name |
DBS Bank Ltd. |
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Amount Secured |
All Monies |
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2 |
|
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Charge Number |
C201112645 |
|
Date of Registration |
|
|
Name |
DBS Bank Ltd. |
|
Amount Secured |
All Monies |
|
Name: |
ROBIN CHIA & CO. |
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.55.34 |
|
UK Pound |
1 |
Rs.86.45 |
|
Euro |
1 |
Rs.68.43 |
INFORMATION DETAILS
|
Report Prepared
by : |
MNL |
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 |
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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 |
|
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 |
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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 |
|
<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.