MIRA INFORM REPORT

 

 

Report Date :           

04.02.2012

 

IDENTIFICATION DETAILS

 

Name :

EX SERVICES PTE. LTD.

 

 

Registered Office :

11 Chang Charn Road #04-03 Shriro House Singapore 159640

 

 

Country :

Singapore

 

 

Date of Incorporation :

18.01.2011

 

 

Com. Reg. No.:

201101604N

 

 

Legal Form :

Private Limited Exempt Company

 

 

Line of Business :

Manufacture and trade of Hazardous Area electric process heaters and control systems

 

 

No. of Employees :

Not Available

 

RATING & COMMENTS

 

MIRA’s Rating :

Nb

 

RATING

STATUS

PROPOSED CREDIT LINE

----

NB

New Business

----

 

Maximum Credit Limit :

USD 2,000

 

 

Status :

New Company

 

 

Payment Behaviour :

Unknown

 

 

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 30th, 2011

 

Country Name

Previous Rating

                   (30.06.2011)                  

Current Rating

(30.09.2011)

Singapore

a1

a1

 

Risk Category

ECGC Classification

Insignificant

 

A1

Low

 

A2

Moderate

 

B1

High

 

B2

Very High

 

C1

Restricted

 

C2

Off-credit

 

D

 


Contact Points

 

Company Name:

Ex Services Pte. Ltd.

Supplied Name:

EX Services Pte Ltd.

Trading Address:

11 Chang Charn Road (off Hoy Fatt Road) #04-03, Shriro House, Singapore 159640

Supplied Address:

11 Chang Charn Road Off Hoy Fatt Road No. 04 03 Shriro House 159640 Singapore

Telephone Number:

+65- 6496 4600

Fax Number:

+65- 6496 4601

 

 

Credit Summary

 

Credit Rating:

Maximum credit USD 2,000

Credit Opinion:

Since the subject is a newly established company, the future development remains to be seen. At this stage credits require securities.

 

 

Company Identification Details

 

Registered Name:

Ex Services Pte. Ltd.

Registered Address:

11 Chang Charn Road #04-03 Shriro House Singapore 159640

Date of Registration::

2011-1-18

Registered Number:

201101604N

Country of Incorporation:

Singapore

Registered Capital:

SGD 1,000.00 (USD 797.010)

(As of 2012.2, 1 SGD = 0.79701 USD)

Paid-up Capital:

SGD 1,000.00 (USD 797.010) = 1,000 Shares@1 SGD

Legal Form:

Private Limited Exempt Company

Principal Activities:

Manufacture and trade of Hazardous Area electric process heaters and control systems

Staff:

N/A

Status:

Live Company

Listed at Stock Exchange:

No.

Date of Last Annual Return:

N/A

 

Note:

The staff number is not available from the subject or other sources.

 

 

History

 

Subject was incorporated on 2011-1-18 with registered number 201101604N as Private Limited Exempt Company in Singapore.

 

 

Shareholders

Unit: SGD

Name

Subscription Amount

Proportion of Investment (%)

ROBERT VINCENT SMITHERS

100

10%

PETER BROOKES SMITHERS

900

90%

Total

1,000

100%

 

Major Shareholder Information:

1

Name:

ROBERT VINCENT SMITHERS

ID Number:

307522150

Address:

Little Dykebeck Farm, Dykebeck Wymondham, Norfolk Nr18 9pl

Nationality:

British

2

Name:

PETER BROOKES SMITHERS

ID Number:

S2754382J

Address:

80 Mohamed Sultan Road #06-24 Singapore 239013

Nationality:

Singapore P.R.

 

Subsidiaries & Branches

 

Parent Company:

Name:

EXHEAT Ltd

Registered Address:

Threxton Road Industrial Estate Watton, Thetford, Norfolk, IP25 6NG, UK

Tel:

+44 (0) 1953 886200

Fax

+44 (0) 1953 886222

E-mail:

sales@exheat.com  

 

And subject introduced that the parent company is mainly deal with the European enterprises.

 

 

Manage Information

 

Core Management

Detailed Information of Management:

1

Name:

RICHARD GRAHAM WHADCOAT

Position:

Director

ID Number:

099168816

Address:

Mukinge, Well Hill, Clint Green, Yaxham, Dereham, Norfolk Nr19 1rx

Nationality:

British

Date of Appointment:

2011-1-18

2

Name:

ROBERT VINCENT SMITHERS

Position:

Director

ID Number:

307522150

Address:

Little Dykebeck Farm, Dykebeck Wymondham, Norfolk Nr18 9pl

Nationality:

British

Date of Appointment:

2011-1-18

3

Name:

JASON EDWARD WILSON

Position:

Director

ID Number:

308620658

Address:

Grendon House, Penhill Road, Great Ellingham, Norfolk, Nr 171lr, United Kingdom

Nationality:

British

Date of Appointment:

2011-6-21

4

Name:

GAN BOON HUAT

Position:

Secretary

ID Number:

S2506216G

Address:

5 Kim Keat Road #03-01 Kim Keat Lodge Singapore 328843

Nationality:

Singapore P.R.

Date of Appointment:

2011-1-18

5

Name:

PETER BROOKES SMITHERS

Position:

Director

ID Number:

S2754382J

Address:

80 Mohamed Sultan Road #06-24 Singapore 239013

Nationality:

Singapore P.R.

Date of Appointment:

18-01-2011

6

Name:

LIM BOON SIANG

Position:

Director

ID Number:

S2754382J

Address:

936 Hougang Street 92 #08-63 Singapore 530936

Nationality:

SINGAPORE P.R.

Date of Appointment:

06-12-2011

7

Name:

FURQAHN BIN MOHAMED NASIR

Position:

Director

ID Number:

S7939984A

Address:

613d Punggol Drive #08-817singapore 824613

Nationality:

Singapore P.R.

Date of Appointment:

2011-12-6

 


Operation Information

 

Offices & Factories

 

Office

Address:

11 Chang Charn Road (off Hoy Fatt Road) #04-03, Shriro House, Singapore 159640

 

Production Information

l         Subject is a manufacturer of Hazardous Area electric process heaters and control systems with the production activities

 

Purchase

l         The components and raw material for production are purchased from both local and abroad.

 

Sales Information

l         Subject is mainly engaged in manufacturing and trading of Hazardous Area electric process heaters and control systems.

l         Subject introduced that the products of subject has been obtained the certification ISO9001 and EN13980

l         Subject introduced that it mainly deal with the company located in Asia Pacific, Middle East.

 

 

Settlements

 

Purchase

Subject declined the purchase settlements information, and from other sources, we couldn’t obtain the information, either.

 

Sales

Domestic Markets (Taiwan)

Product

Sales Terms

Proportion

Steel pipe, etc

COD, etc

100%

 


Export

Product

Sales Terms

Proportion

Steel pipe, etc

T/T, L/C,etc

100%

 

 

Financial Figures

 

In Singapore, Limited Exempt Private Companies are not obligated to submit their financial statements to the local registry. The subject also declined to disclose such information due to the confidentiality reason.

 

 

Interview Details

 

Name:

Ms. Lee

 


 

FOREIGN EXCHANGE RATES

 

Currency

Unit

Indian Rupees

US Dollar

1

Rs.48.96

UK Pound

1

Rs.77.47

Euro

1

Rs.64.39

 

 

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.