MIRA INFORM REPORT

 

 

Report Date :           

14.02.2012

 

IDENTIFICATION DETAILS

 

Name :

CENTRE FOR MANAGEMENT TECHNOLOGY PTE LTD

 

 

Registered Office :

80 Marine Parade Road, #13-02 Parkway Parade, Singapore 449269

 

 

Country :

Singapore

 

 

Financials (as on) :

30.04.2007

 

 

Date of Incorporation :

10.02.1983

 

 

Com. Reg. No.:

198300644K

 

 

Legal Form :

Private Limited Exempt Company

 

 

Line of Business :

Business And Management Consultancy Services

 

 

No. of Employees :

Not Available

 

RATING & COMMENTS

 

MIRA’s Rating :

Ba

 

RATING

STATUS

PROPOSED CREDIT LINE

41-55

Ba

Overall operation is considered normal. Capable to meet normal commitments.

Satisfactory

 

Maximum Credit Limit :

USD 100,000

Status :

Satisfactory

Payment Behaviour :

No Complaints

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

 

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:

Centre For Management Technology Pte Ltd

Supplied Name:

Centre For Management Technology

Trading Address:

80, Marine Parade Road, #13-02 Parkway Parade, Singapore 449269, Singapore.

Supplied Address:

80, Marine Parade Road, #13-02 Parkway Parade, Singapore.

Telephone Number:

+65-6346-9132

Fax Number:

+65- 6345 5928

E-mail:

sasha@cmtsp.com.sg

cynthia@cmtsp.com.sg

Notes:

The supplied name is inaccurate and incomplete; the accurate and complete one is shown as above.

The supplied address is incomplete; the complete one is shown as above.

 

Credit Summary

 

Credit Rating:

Maximum credit USD 100,000

Credit Opinion:

Business connections are permissible.

 

Company Identification Details

 

Registered Name:

Centre For Management Technology Pte Ltd

Registered Address:

80 Marine Parade Road, #13-02 Parkway Parade, Singapore 449269, Singapore.

Date of Registration::

1983-02-10

Registered Number:

198300644K

Country of Incorporation:

Singapore

Registered Capital:

SGD 100,000 (USD 79,701)

(As of 2012.02, 1 SGD = 0.79701 USD)

Paid-up Capital:

SGD 100,000 (USD 79,701)

Legal Form:

Private Limited Exempt Company

Principal Activities:

Business And Management Consultancy Services

Staff:

N/A

Status:

Live Company

Listed at Stock Exchange:

No

Date of Last Annual Return:

2011-12-12

Notes:

Subject declines to provide the information about staff number due to the confidentiality.

 

History

 

Subject was incorporated on 1983-02-10 with registered number 198300644K as Private Limited Exempt Company in Singapore.

 

Change of Name:

Date

Change

1983-02-10

Cemantech Consultants Pte Ltd

1988-04-29

Centre For Management Technology Pte Ltd

 

Shareholders

Unit: SGD

Name

Subscription Amount

Proportion of Investment (%)

Gunaseelan T

64,000

64

Sarasija D/O C V Kunhi Raman

36,000

36

Total

100,000

100

 

Major Shareholder Information:

1

Name:

Gunaseelan T

ID Number:

S0153009G

Address:

161 Marine Parade #03-03 Marine Ville Singapore 449527.

Nationality:

Singapore Citizen

2

Name:

Sarasija D/O C V Kunhi Raman

ID Number:

S1100640Z

Address:

3 Rhu Cross #03-04 Costa Rhu Singapore 437433

Nationality:

Singapore Citizen

 

Subsidiaries & Branches

 

Affiliated Company:

Name:

Centre for Management Technology

Address:

Lot 7.03, 7th Floor North Block The Ampwalk, 218 Jalan Ampang 50450 Kuala Lumpur.

Tel:

+ 603-2162-7322

Fax:

+ 603-2162-6393

E-mail:

admin@cmtkl.com.my

 

Related Company:

1

Name:

Wangz Business Centre

Address:

7 Temasek Blvd Penthouse Suntec Tower One Singapore 038987.

Tel:

+ 65 6430-6688

2

Name:

The Executive Centre S'pore Pte Ltd

Address:

Prudential Tower

Tel:

+65 6232-2777

3

Name:

Vernazza Investments Pte Ltd

Address:

5 Koek Rd #05-07 Cuppage Plaza Singapore 228796.

Tel:

+65 6737-9809

Notes:

The information about the affiliated and related company of the subject is obtained from other sources.

 

 

Management Information

 

Core Management

 

Detailed Information of Management:

1

Name:

Gunaseelan T

Position:

Director

ID Number:

S0153009G

Address:

161 Marine Parade, #03-03 Marine Ville, Singapore 449527.

Nationality:

Singapore Citizen

Date of Appointment:

1985-01-28

2

Name:

Sarasija D/O C V Kunhi Raman

Position:

Director

ID Number:

S1100640Z

Address:

3 Rhu Cross, #03-04 Costa Rhu, Singapore 437433.

Nationality:

Singapore Citizen

Date of Appointment:

1987-05-21

 

Operation Information

 

Offices & Factories

 

 

Office

Address:

80, Marine Parade Road, #13-02 Parkway Parade, Singapore 449269, Singapore.

 

Operation Information

 

The subject is engaged in holding the conferences for companies, not only the subject is the organizer, but also the subject is a conference centers.

 

It has established itself as the market leader in the provision of the latest global technology and business information focusing on renewable energy sources.

 

We have confirmed the above information, but the subject declined to provide further information about the subject.

 

From other sources, we have obtained the information about the subject is as following:

The subject is a company in Conference Centres business.

 

Core Business: Conference Centres, Conference Organizing or Logistics, Seminar Organisers, Event Management Services, Convention & Exhibition Organisers, Exhibition Supplies, Conference Services, Conferencing System, Event Planner, Event Promoter, Events Services, Point of Sale Display, Video Conferencing System

 

The subject is also dedicated to organizing leading conferences on LPG, future fuels like Biodiesel, Biofuels and alternative energy like Coal to Liquids, Gas to Liquids, Bio mass to Liquid Technology, as well as commodities likes Sugar, Grains to Cement and Steel.

 

Balance Sheet

 

Unit: SGD

Date

2007-4-30

2006-4-30

Total Assets

12,052,561.00

9,613,457.00

Total Current Assets

11,340,025.00

8,879,327.00

Total Non-Current Assets f.k.a. [Fixed And Others]

712,536.00

734,130.00

Total Liabilities

5,821,959.00

5,335,736.00

Total Current Liabilities

5,476,749.00

4,941,420.00

Total Non-Current Liabilities

345,210.00

394,316.00

Total Equity f.k.a [Shareholder's Funds]

6,230,602.00

4,277,721.00

Total Equity f.k.a [Shareholder's Funds] (USD)

4,965,850

3,409,380

Paid-Up Capital

N.A.

100,000.00

Share Capital

100,000.00

-

Other Reserves, Total f.k.a.[Reserves]

0.00

4,177,721.00

Retained Earnings/(Accumulated Loss)

6,130,602.00

0.00

(As of 2012.02, 1 SGD = 0.79701 USD)

 

Profit/Loss Account

Unit: SGD

Date

2006-5-1 to 2007-4-30

2005-5-1 to 2006-4-30

Revenue f.k.a [Sales Turnover And Other Operating Revenues]

N.A.

0.00

Profit/(Loss) before Tax from Continuing Operations f.k.a [Profit/(Loss) before tax]

N.A.

0.00

Profit/(Loss) after Tax from Continuing Operations f.k.a [Profit/(Loss) After Tax]

N.A.

0.00

Net Income/(Loss) From Extraordinary And Non-Operating Items

N.A.

0.00

Profit/(Loss) After Tax and Extraordinary Items

N.A.

0.00

(As of 2012.02, 1 SGD = 0.79701 USD)

 

Financial Ratio

 

Date

2006-5-1 to 2007-4-30

2005-5-1 to 2006-4-30

Earning Capacity

 

 

Rate of Net Profit on Sales (%)

0.00

0.00

Return of Investment (%)

0.00

0.00

Return of Shareholder's Funds (%)

0.00

0.00

Total Assets Turnover (%)

0.00

0.00

Financial Stability

 

 

Current/Working Capital Ratio (%)

2.07

1.80

Proprietary Ratio (%)

51.70

44.50

Total Debt to Equity Ratio (%)

48.30

55.50

Notes:

The latest information about the financial statement is not available.

 

Bankers

Subject declined to disclose its bank details; from other source we cannot obtain the relevant information, either.

 

Auditors

 

Name:

Smalley & Co

 

 

Public

 

Charges

 

Charge 1

Charge Number:

C200605782

Date of Registration:

2006-08-29

Name:

The Hongkong And Shanghai Banking Corporation Limited

Amount Secured:

All Monies

Charge 2

Charge Number:

C200807704

Date of Registration:

2008-08-18

Name:

The Hongkong And Shanghai Banking Corporation Limited

Amount Secured:

All Monies

 

Interview Details

 

Name:

Ms. Cindy

Email:

cindy@cmtsp.com.sg

 


 

FOREIGN EXCHANGE RATES

 

Currency

Unit

Indian Rupees

US Dollar

1

Rs.49.32

UK Pound

1

Rs.77.84

Euro

1

Rs.65.35

 

 

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.