MIRA
INFORM REPORT
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Report Date : |
02.02.2012 |
IDENTIFICATION DETAILS
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Name : |
Contact Trading |
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Registered Office : |
100 Jalan Sultan, #02-17, Sultan Plaza Singapore 199001 |
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Country : |
Singapore |
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Date of Incorporation : |
03.12.1987 |
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Com. Reg. No.: |
38617200E |
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Legal Form : |
Sole Proprietorship |
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Line of Business : |
Supplier of Stainless Steel Household Wares, Glasswares, Kitchenware, Electrical Home Appliances and Pvc Floor Covering. |
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No. of Employees : |
About 10 Employees |
RATING & COMMENTS
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MIRA’s Rating : |
B |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
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Maximum Credit Limit : |
USD 50000 |
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Status : |
Moderate |
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Payment Behaviour : |
No Complaints |
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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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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: |
Contact Trading |
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Supplied Name: |
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100 Jalan Sultan, #02-17, Sultan Plaza Singapore 199001, Singapore. |
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Supplied
Address: |
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Fax Number: |
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Notes:
The supplied
address is incomplete; the complete one is shown as above.
Credit Summary
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Credit Rating: |
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Credit Opinion: |
Company
Identification Details
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Registered Name: |
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Registered
Address: |
100 Jalan Sultan, #02-17, Sultan Plaza Singapore 199001, Singapore. |
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Date of
Foundation: |
1987-12-03 |
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Date of
Registration: |
1987-12-17 |
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Registered
Number: |
38617200E |
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Registered
Capital: |
N/A |
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Legal Form: |
Sole
Proprietorship |
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Principal Activities: |
Supplier of
Stainless Steel Household Wares, Glasswares, Kitchenware, Electrical Home
Appliances and Pvc Floor Covering. |
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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: |
N/A |
Notes:
Subject declined
to disclose its registered capital; from other source we cannot obtain the
relevant information, either.
History
Subject was incorporated on 1987-12-17 with registered number 38617200E as Sole
Proprietorship in Singapore.
Owner
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Name: |
Tan Hang Chuang
@ George Tan |
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Proportion of
Investment: |
100% |
Major Shareholder
Information:
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Name: |
Tan Hang Chuang
@ George Tan |
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ID/Passport Number: |
S1346325E |
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Address: |
6A Roseburn Avenue,
Frankel Estate, Singapore 456357. |
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Date of Change
of Address: |
2009-10-27 |
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Nationality: |
Singapore
Citizen |
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Date of
Appointment: |
1987-12-03 |
Subsidiaries & Branches
The subject has confirmed
that they have affiliated companies in India and the plants in there make the
products mainly about Stainless Steel Household Wares and Glassware, but they
declined to provide further information about that.
Management Information
Detailed
Information of Management:
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Name: |
Tan Hang Chuang
@ George Tan |
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Position: |
Manager |
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ID/Passport Number: |
S1346325E |
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Address: |
6A Roseburn
Avenue, Frankel Estate, Singapore 456357. |
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Date of Change
of Address: |
2009-10-27 |
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Nationality: |
Singapore
Citizen |
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Date of
Appointment: |
1987-12-03 |
Operation Information
Offices
& Factories
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|
Office |
|
Address: |
100 Jalan Sultan, #02-17, Sultan Plaza Singapore 199001, Singapore. |
Production
Information
l
The subject is a supplier
of the products of Stainless Steel Household Wares, Glassware, Kitchenware,
etc.
l
Subject not only
purchases products from the domestic and oversea market, but also makes some
products by itself, such as Stainless Steel Household Wares and Glassware.
Purchase
l
Subject purchases
products both from the domestic market and overseas market.
l
The main products which the subject purchases are
Kitchenware.
Sales
Information
l
Subject sells the products
both to the domestic market and overseas market, and mainly sells products to
overseas markets.
l
Subject main objective is
to open for more trade opportunities into the 'Eastern Europe' market.
l
Subject’s current export
markets including Mid East, Africa and Asia.
Major Products
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Number |
Products |
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1 |
Automatic cookers |
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2 |
Casseroles |
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3 |
Cookware sets |
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4 |
EVA foam sheets |
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5 |
Frying pans |
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6 |
Gift stocklots |
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7 |
Glass tumblers |
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8 |
Lenticular sheets |
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9 |
Plastic sheets |
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10 |
Polycarbonate hollow sheets |
Settlements
Purchase
Domestic Markets
|
Products |
Payment Terms |
Proportion |
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Stainless Steel
Household Wares, Glasswares, Kitchenware, etc. |
COD, etc |
100% |
Overseas Markets
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Products |
Payment Terms |
Proportion |
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Stainless Steel
Household Wares, Glasswares, Kitchenware, etc. |
CBD, etc |
100% |
Domestic Markets
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Sales Terms |
Proportion |
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Stainless Steel
Household Wares, Glasswares, Kitchenware, etc. |
COD, etc |
100% |
Overseas Markets
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Product |
Sales Terms |
Proportion |
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Stainless Steel
Household Wares, Glasswares, Kitchenware, etc. |
CBD, etc |
100% |
Financial Information
In Singapore, Sole Proprietorship Companies are not obligated to submit their financial statements to the local registry. The only way to obtain the financial figures is from the subject. The subject also declined to disclose such information due to the confidentiality reason.
Bankers
Subject declined to disclose its bank details; from other source we cannot obtain the relevant information, either.
Interview Details
|
Name: |
Ms Li |
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.49.53 |
|
|
1 |
Rs.77.94 |
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Euro |
1 |
Rs.64.65 |
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 |
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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.