MIRA INFORM REPORT
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Report Date : |
27.02.2012 |
IDENTIFICATION DETAILS
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Name : |
TOTALTRONIC SYSTEM PTE LTD |
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Formerly Known As : |
Total Distribution And Logistics Systems (S)
Pte Ltd |
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Registered Office : |
165 Bukit Merah Central #08-3681 Singapore 150165 |
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Country : |
Singapore |
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Date of Incorporation : |
30.04.1994 |
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Com. Reg. No.: |
199403117K |
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Legal Form : |
Limited Exempt Private Company |
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Line of Business : |
Manufacturing and Trading Services |
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No. of Employees
: |
7-8 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 40,000 |
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Status : |
Small Company |
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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 30th, 2011
|
Country Name |
Previous Rating (30.06.2011) |
Current Rating (30.09.2011) |
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Singapore |
a1 |
a1 |
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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 |
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Company Name: |
Totaltronic System Pte Ltd |
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Supplied Name: |
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Supplied
Address: |
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Notes: Subject’s exact name and address are as
above.
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Credit Rating: |
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Credit Opinion: |
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Registered Name: |
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Registered
Address: |
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Date of
Registration:: |
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Registered
Number: |
199403117K |
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Country of
Incorporation: |
Singapore |
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Registered
Capital: |
SGD 100,000 (USD
79,310) (As of 2012.02,
1 SGD = 0.7931 USD) |
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Paid-up Capital: |
SGD 100,000 (USD
79,310) = 100,000 Shares@1 SGD |
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Legal Form: |
Limited Exempt
Private Company |
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Principal
Activities: |
46900--Manufacturing
And Trading Services |
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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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Subject was
incorporated on
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Date |
Change |
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-- |
Total Distribution And Logistics Systems (S) Pte
Ltd |
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Totaltronic System Pte Ltd |
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Subscription Amount |
Proportion of Investment (%) |
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Lim Hwee Hong |
70,000 |
70% |
|
Sow Siew Choo |
30,000 |
30% |
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Total |
100,000 |
100% |
Major Shareholder
Information:
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1 |
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Name: |
Lim Hwee Hong |
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ID Number: |
S1193314I |
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Address: |
453 Jurong West
Street 42 #03-98 Singapore 640453 |
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2 |
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Name: |
Sow Siew Choo |
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ID Number: |
S2509079I |
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Address: |
453 Jurong West
Street 42 #03-98 Singapore 640453 |
It is introduced
that subject has its owned and cooperative factories both in Singapore and
overseas, while the details are not disclosed.
Core Management
Detailed
Information of Management:
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1 |
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Name: |
Lim Hwee Hong |
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Position: |
Director |
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ID Number: |
S1193314I |
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Address: |
453 Jurong West
Street 42 #03-98 Singapore 640453 |
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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 Tong Leong |
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Position: |
Secretary |
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ID Number: |
S |
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Address: |
102 Jalan Dusun
#16-03 Singapore 320102 |
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Nationality: |
Singapore
Citizen |
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Date of
Appointment: |
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3 |
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Name: |
Sow Siew Choo |
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Position: |
Director |
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ID Number: |
S2509079I |
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Address: |
453 Jurong West
Street 42 #03-98 Singapore 640453 |
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Nationality: |
Singapore
citizen |
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Date of
Appointment: |
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Personnel
Structure
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Total Employees |
Offices
& Factories
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|
Office |
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Address: |
Production
Information
l
Subject is engaged in manufacture of electronics and
subject has owned and cooperative factories both in Singapore and abroad.
l
Subject can supply ODM/OEM service for Touch
Technology and Mobile Computing
Purchase
Information
l
Subject purchases both at home and abroad, subject
purchases raw materials for its own production and also purchases finished
goods from its cooperative manufacturers
Sales
Information
l
It is introduced that subject’s business is divided
into 4 parts as follows:
Design & application
Fabrication & Sub-assembly
Franchised distribution
Kitting Services
Subject’s products are both sold in domestic
and overseas market.
Major products
sold
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Solutions for |
- Touch Screen (Touch Technology) |
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Thermal |
AC Fan Motor DC Fan Motor Cooler Module Heat Exchanger Accessories |
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PCBA |
Air-conditioner PCB assembly Control box assembly for refrigerator PCBA for digital television Waterproof coating of PCBA - washing machine |
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Mechanical |
Precision Metal Stamping Forging
Franchise Lines |
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Franchise Lines |
Antenova Harting Sound Components Kingmate Royalohm Sunlord |
Purchase
Domestic Markets
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Products |
Payment Terms |
Proportion |
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Raw materials
and finished goods, etc |
COD, etc |
100% |
Overseas Markets
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Products |
Payment Terms |
Proportion |
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Raw materials
and finished goods, etc |
CBD, etc |
100% |
Domestic Markets
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Sales Terms |
Proportion |
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Electronics, etc |
CBD, etc |
100% |
Overseas Markets
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Products |
Sales Terms |
Proportion |
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Electronics, etc |
CBD, etc |
100% |
In Singapore, Limited Exempt Private Companies are not obligated to submit
their financial statements to the local registry. We did not find the financials
of subject from the local registry,
the subject also declined to disclose such information due to the
confidentiality reason.
Subject did not introduce its bank details, from other source we can not
obtain the relevant information, either.
|
Name: |
L Y LEONG & CO. |
|
Name: |
Mr. Low |
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.49.07 |
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UK Pound |
1 |
Rs.77.19 |
|
Euro |
1 |
Rs.65.57 |
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.