MIRA INFORM REPORT

 

 

Report Date :

21.02.2012

 

IDENTIFICATION DETAILS

 

Name :

EUROEAST INVESTMENTS PTE. LTD.

 

 

Registered Office :

10 Anson Road 21-12 International Plaza, Singapore 079903

 

 

Country :

Singapore

 

 

Date of Incorporation :

18.12.2008

 

 

Com. Reg. No.:

200823356E

 

 

Legal Form :

Private Limited Liability Company

 

 

Line of Business :

General Trading & Investments

 

 

No. of Employees :

Not Available

 

 

RATING & COMMENTS

 

MIRA’s Rating :

Ca

 

RATING

STATUS

PROPOSED CREDIT LINE

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

 

Status :

Moderate

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 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:

Euroeast Investments Pte. Ltd.

Supplied Name:

Euroeast Investments Pte Limited

Supplied Address:

10 Anson Road 21-12 International Plaza, 079903, Singapore

 

 

Special Notes

 

We did not find any contact or operation information of subject according to the supplied name, and the supplied address is not complete.

We find a company called “PB Corporate Services Pte Ltd” which is also registered on the supplied address. And we contacted the company through number “+65 6324 1992”. But the relevant staff declined to introduce anything.

Up to the date of reporting, we did not get contact with subject, if you kindly supply contact information of subject, we’d like to continue our investigation.

We found the registered information of subject from local registry, supplying as follows for reference.

 

 

Company Identification Details

 

Registered Name:

Euroeast Investments Pte. Ltd.

Registered Address:

10 Anson Road 21-12 International Plaza, Singapore 079903

Date of Registration::

2008-12-18

Registered Number:

200823356E

Country of Incorporation:

Singapore

Registered Capital:

SGD 300.00 (USD 234.09)

(As of 2012.2, 1 SGD = 0.7803 USD)

Paid-up Capital:

SGD 300.00 (USD 234.09)

= 300 Shares@1 SGD

Legal Form:

Private Limited Liability Company

Principal Activities:

46900 General Trading & Investments

Staff:

N/A

Status:

Live Company

Listed at Stock Exchange:

No

Date of Last Annual Return:

2011-6-30

Notes:

Since we did not contact the subject, staff number is not available.

 

History

 

Subject was incorporated on 2008-12-18 with registered number 200823356E as Private Limited Liability Company in Singapore.

 

Shareholders

Unit: SGD

Name

Subscription Shares

Proportion of Investment (%)

Navid Kamal

150

50%

Labik Kamal

150

50%

Total

300

100%

 

Major Shareholder Information:

1

Name:

Navid Kamal

ID Number:

A0257555

Address:

Road-62, House-11, Apt-103 Gulshan 2, Dhaka 1212, Bangladesh

2

Name:

Labik Kamal

ID Number:

A0265861

Address:

Road-62, house-11, apt-103 gulshan 2, dhaka

1212, bangladesh

 

Management Information

 

Core Management

 

Detailed Information of Management:

1

Name:

Navid Kamal

Position:

Director

ID Number:

A0257555

Address:

Road-62, House-11, Apt-103 Gulshan 2, Dhaka 1212, Bangladesh

Nationality:

Bangladeshi

Date of Appointment:

2009-1-13

2

Name:

Norhayati Bt Malek Mrs Norhayati Merrin

Position:

Alternate Director

ID Number:

S7028279H

Date of Appointment:

2009-1-13

3

Name:

Labik Kamal

Position:

Director

ID Number:

A0265861

Address:

Road-62, House-11, Apt-103 Gulshan 2, Dhaka 1212, Bangladesh

Nationality:

Bangladeshi

Date of Appointment:

2009-1-13

4

Name:

Duncan Samuel Rothwell Merrin

Position:

Director

ID Number:

S2679659H

Address:

42 Pasir Panjang Hill, #04-01, Le Hill Condominium Singapore 118894

Nationality:

Singapore P.R.

Date of Appointment:

2008-12-18

5

Name:

Norhayati Bt Malek Mrs Norhayati Merrin

Position:

Secretary

ID Number:

S7028279H

Address:

42 Pasir Panjang Hill, #04-01, Le Hill Condominium Singapore 118894

Nationality:

Singapore Citizen

Date of Appointment:

2008-12-18

 

Financial Information

 

Subject has no obligations to disclose its financial statements to the third party according to the relevant policy in Singapore, subject did not submit the latest information to the local registry, and the only source from which we can obtain the information is the subject itself.

Since we did not find subject, the financial information of subject is not available.

 

Bankers

 

No information was found from public files or the subject.

 


 

FOREIGN EXCHANGE RATES

 

Currency

Unit

Indian Rupees

US Dollar

1

Rs.49.21

UK Pound

1

Rs.77.75

Euro

1

Rs.64.58

 

 

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.