MIRA
INFORM REPORT
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Report Date : |
07.01.2012 |
IDENTIFICATION DETAILS
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Name : |
INKJET SYSTEMS PTE. LTD. |
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Registered Office : |
4 Shenton Way #17-01 Sgx Centre Ii Singapore 068807 |
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Country : |
Singapore |
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Financials (as on) : |
31.12.2006 |
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Date of Incorporation : |
08.03.2005 |
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Com. Reg. No.: |
200502997K |
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Legal Form : |
Limited Exempt Private Company |
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Line of Business : |
Manufacture Of Computers And Peripheral Equipment |
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No. of Employees : |
Not Available |
RATING & COMMENTS
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MIRA’s Rating : |
B |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
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 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 |
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Moderate |
B1 |
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High |
B2 |
|
Very High |
C1 |
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Restricted |
C2 |
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Off-credit |
D |
Contact
Points
Notes: Subject’s exact name and address are as
above.
Credit Summary
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Credit Rating: |
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|
Credit Opinion: |
Company Identification Details
Notes: The staff
information is not available from subject or other sources.
History
Subject was
incorporated on
Shareholders
|
Subscription
Amount |
Proportion of
Investment (%) |
|
|
Samuel Leong Sek Kin |
75,600 |
100% |
|
Total |
75,600 |
100% |
Major Shareholder
Information:
|
Name: |
Samuel Leong Sek Kin |
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ID Number: |
S1683560I |
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Address: |
124 Braddell Road Singapore 359915 |
Subsidiaries & Branches
It is introduced
that subject has sales agents in USA, UK, Germany, Canada, Dubai, Australia,
Brasil, Africa, China, Europe, India, while the details are not disclosed.
Management Information
Detailed
Information of Management:
|
1 |
|
|
Name: |
Samuel Leong Sek Kin |
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Position: |
Director |
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ID Number: |
S1683560I |
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Address: |
124 Braddell Road Singapore 359915 |
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Nationality: |
Singapore Citizen |
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Date of Appointment: |
|
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2 |
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Name: |
Claudia Teo Kwee Yee |
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Position: |
Secretary |
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ID Number: |
S |
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Address: |
47 Eng Kong Drive Singapore 599375 |
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Nationality: |
Singapore Citizen |
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Date of Appointment: |
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3 |
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Name: |
Palmer Michael Anthony |
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Position: |
Secretary |
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ID Number: |
S |
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Address: |
74 Hua Guan Avenue Hong Kong Park Singapore
589170 |
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Nationality: |
Singapore Citizen |
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Date of Appointment: |
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Operation Information
Offices
& Factories
|
|
Office |
|
Address: |
16, Kallang
Place, #04-22, Singapore 339156 |
Production
Information
l
Subject’s factory is engaged in manufacture of ink.
Purchase
Information
l
Subject declined to disclose its purchasing details,
while it is introduced that parts of subject’s materials are purchased from
other countries.
Sales
Information
l
Subject is engaged in sales of ink.
l
Subject’s products are applied to different type
and brand of printers such as HP
l
Subject has its own brand named Sam-Ink
l
Subject’s products are both sold in domestic and
overseas market and it is introduced that subject has sales agents in USA, UK,
Germany, Canada, Dubai, Australia, Brazil, Africa, China, Europe, India to deal
with the local sales business.
Settlements
Purchase
Subject did not introduce its purchasing terms.
Domestic Markets
|
Sales Terms |
Proportion |
|
|
Ink |
CBD, COD, etc |
100% |
Overseas Markets
|
Product |
Sales Terms |
Proportion |
|
Ink |
CBD, etc |
100% |
Balance Sheet
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Total Assets |
255,981.00 |
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Total Current
Assets |
219,860.00 |
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Total
Non-Current Assets f.k.a. [Fixed And
Others] |
36,121.00 |
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Total
Liabilities |
160,806.00 |
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Total Current
Liabilities |
138,593.00 |
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Total
Non-Current Liabilities |
22,213.00 |
|
Total Equity
f.k.a [Shareholder's Funds] |
95,175.00 (USD 73,675) |
|
Paid-Up Capital |
N.A. |
|
Share Capital |
75,600.00 |
|
Other Reserves,
Total f.k.a. [Reserves] |
0.00 |
|
Retained
Earnings/(Accumulated Loss) |
19,575.00 |
(As of 2012.01, 1 SGD = 0.7741 USD)
Profit/Loss Account
Unit: SGD
|
|
2006 |
|
Revenue f.k.a
[Sales Turnover And Other Operating
Revenues] |
996,423.00 (USD 771,331) |
|
Profit/(Loss)
before Tax from Continuing
Operations f.k.a [Profit/(Loss)
before tax] |
2,568.00 |
|
Profit/(Loss)
after Tax from Continuing
Operations f.k.a [Profit/(Loss)
After Tax] |
2,568.00 |
|
Net
Income/(Loss) From Extraordinary And Non-Operating Items |
N.A. |
|
Profit/(Loss)
After Tax and Extraordinary
Items |
N.A. |
(As of 2012.01, 1 SGD = 0.7741 USD)
Financial Ratio
|
|
2006 |
|
Earning Capacity |
|
|
Rate of Net
Profit on Sales (%) |
0.26 |
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Return of
Investment (%) |
1.00 |
|
Return of
Shareholder's Funds (%) |
2.70 |
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Total Assets
Turnover (%) |
3.89 |
|
Financial
Stability |
|
|
Current/Working
Capital Ratio (%) |
1.59 |
|
Proprietary
Ratio (%) |
37.18 |
|
Total Debt to
Equity Ratio (%) |
62.82 |
In Singapore,
Limited Exempt Private Companies are not obligated to submit their financial
statements to the local registry. We did not find the latest financials of
subject from the local registry, the subject also declined to disclose such
information due to the confidentiality reason.
Thus we supplied
the information obtained from all of our available sources as above for
reference
Bankers
Subject declined
to disclose its bank details; from other source we can not obtain the relevant
information, either.
Auditors
|
Name: |
Wong, Lee &
Associates |
Interview Details
|
Name: |
Mr. Yu |
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.52.78 |
|
|
1 |
Rs.81.79 |
|
Euro |
1 |
Rs.67.46 |
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%)
This report is issued at your request without any
risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL)
or its officials.