%20PTE%20%20LTD%20%20-%20160303%2012-Jan-2012_files/image002.jpg){kind=small}
MIRA INFORM REPORT
|
Report Date : |
12.01.2012 |
IDENTIFICATION DETAILS
|
Name : |
MEGA LASER (SINGAPORE) PTE. LTD. |
|
|
|
|
Registered Office : |
315 Outram Road #11-01
Tan Boon Liat Building Singapore 169074 |
|
|
|
|
Country : |
Singapore |
|
|
|
|
Financials (as on) : |
30.06.2007 |
|
|
|
|
Date of Incorporation : |
27.06.2002 |
|
|
|
|
Com. Reg. No.: |
200205516W |
|
|
|
|
Legal Form : |
Limited Exempt Private Company |
|
|
|
|
Line of Business : |
Manufacture of all kinds of Cartridges, Toners, Accessories and Copier
Parts |
|
|
|
|
No. of Employees
: |
Not Available |
RATING & COMMENTS
|
MIRA’s Rating : |
B |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
|
Maximum Credit Limit : |
USD 20,000 |
|
Status : |
Moderate |
|
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 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: |
Mega Laser (Singapore) Pte. Ltd. |
|
Supplied Name: |
|
|
315 Outram Road #11-01 Tan Boon Liat Building Singapore 169074 |
|
|
Supplied
Address: |
128 Joo Seng Road, #04-02 DP Computers Building Singapore 368356 |
|
Fax Number: |
|
Notes: Subject’s exact name and current address are as above and the supplied
address is the former one of subject.
Credit
Summary
|
Credit Rating: |
|
|
Credit Opinion: |
Company Identification
Details
|
Registered Name: |
|
|
Registered
Address: |
315 Outram Road #11-01 Tan Boon Liat Building Singapore 169074 |
|
Date of
Registration:: |
|
|
Registered
Number: |
200205516W |
|
Country of Incorporation: |
Singapore |
|
Registered
Capital: |
SGD 1,000,000
(USD 774,100) (As of 2012.01,
1 SGD = 0.7741 USD) |
|
Paid-up Capital: |
SGD 1,000,000
(USD 774,100) = 1,000,000 Shares@1 SGD |
|
Legal Form: |
Limited Exempt
Private Company |
|
Principal Activities: |
28171--Manufacture
Of All Kinds Of Cartridges, Toners, Accessories And Copier Parts 46900--General
Wholesale Trade (Including General Importers And Exporters) |
|
N/A |
|
|
Status: |
Live Company |
|
Listed at Stock
Exchange: |
No |
|
Date of Last
Annual Return: |
|
Notes: the staff
information is not available from subject or other source.
History
Subject was incorporated on
Shareholders
|
Subscription Amount |
Proportion of Investment (%) |
|
|
Ang Tuang Hin |
1,000,000 |
100% |
|
Total |
1,000,000 |
100% |
Major Shareholder
Information:
|
Name: |
Ang Tuang Hin |
|
ID Number: |
S1794848B |
|
Address: |
50 Lorong K Telok Kurau #05-04 Veranda Singapore 425666 |
Subsidiaries &
Branches
Subject did not
introduce whether it has any subsidiaries or branches, from other source we can
not obtain the relevant information, either.
Management
Information
Detailed
Information of Management:
|
1 |
|
|
Name: |
Ang Tuang Hin |
|
Position: |
Director |
|
ID Number: |
S1794848B |
|
Address: |
50 Lorong K Telok
Kurau #05-04 Veranda Singapore 425666 |
|
Nationality: |
Singapore
Citizen |
|
Date of
Appointment: |
|
|
5 |
|
|
Name: |
Lai Li Lian |
|
Position: |
Secretary |
|
ID Number: |
S1671701J |
|
Address: |
215 Yishun
Street 21 #07-279 Singapore 760215 |
|
Nationality: |
Singapore
Citizen |
|
Date of
Appointment: |
|
Operation
Information
Offices
& Factories
|
|
Office |
|
Address: |
315 Outram Road #11-01 Tan Boon Liat
Building Singapore 169074 |
Production
Information
l
Subject is a trader of Printer Supplies without any
production activities.
Purchase
Information
l
Subject purchases both at home and abroad.
Sales
Information
l
Subject is engaged in sales of Printer Supplies
such as Copier’s parts, and consumables, etc
l
Subject’s products are both sold in domestic and
overseas market and it is introduced that subject’s sales regions include Asian
countries and it also has business with Europe.
Major products
|
1 |
Laser OPC drum |
|
2 |
Laser Toner |
|
3 |
Toner cartridge and drum Unit |
Settlements
Purchase
Domestic Markets
|
Products |
Payment Terms |
Proportion |
|
Printer Supplies |
COD, CBD, etc |
100% |
Overseas Markets
|
Products |
Payment Terms |
Proportion |
|
Printer Supplies |
COD, CBD, etc |
100% |
Domestic Markets
|
Sales Terms |
Proportion |
|
|
Printer Supplies |
COD, CBD, etc |
100% |
Overseas Markets
|
Product |
Sales Terms |
Proportion |
|
Printer Supplies |
COD, CBD, etc |
100% |
Balance
Sheet
|
|
|
|
|
|
Total Assets |
0.00 |
1,484,521.00 |
774,523.00 |
|
Total Current Assets |
0.00 |
1,371,758.00 |
718,042.00 |
|
Total Non-Current Assets f.k.a. [Fixed And Others] |
0.00 |
112,763.00 |
56,481.00 |
|
Total Liabilities |
0.00 |
934,576.00 |
498,938.00 |
|
Total Current Liabilities |
0.00 |
828,868.00 |
38,050.00 |
|
Total Non-Current Liabilities |
0.00 |
105,708.00 |
275,585.00 |
|
Total Equity f.k.a [Shareholder's Funds] |
0.00 |
549,945.00 (USD 425,712) |
275,585.00 (USD 213,330) |
|
Paid-Up Capital |
0.00 |
600,000.00 |
250,000.00 |
|
Share Capital |
- |
- |
- |
|
Other Reserves, Total f.k.a. [Reserves] |
0.00 |
0.00 |
25,585.00 |
|
Retained Earnings/(Accumulated Loss) |
0.00 |
(50,055.00) |
0.00 |
(As of 2012.01, 1 SGD = 0.7741 USD)
Profit/Loss
Account
Unit: SGD
|
|
~ |
~ |
~ |
|
Revenue f.k.a [Sales Turnover And Other Operating Revenues] |
0.00 |
4,582,817.00 (USD 3,547,559) |
3,386,231.00 (USD 2,621,281) |
|
Profit/(Loss) before Tax from Continuing Operations f.k.a [Profit/(Loss) before tax] |
0.00 |
(77,989.00) |
(16,740.00) |
|
Profit/(Loss) after Tax from Continuing Operations f.k.a [Profit/(Loss) After Tax] |
0.00 |
(75,640.00) |
(17,044.00) |
|
Net Income/(Loss) From Extraordinary And Non-Operating
Items |
0.00 |
46,779.00 |
0.00 |
|
Profit/(Loss) After Tax and Extraordinary Items |
0.00 |
(28,861.00) (USD 22,341) |
(17,044.00) (USD 13,194) |
(As of 2012.01, 1 SGD = 0.7741 USD)
Financial
Ratio
|
|
~ |
~ |
~ |
|
Earning Capacity |
|
|
|
|
Rate of Net Profit on Sales (%) |
0.00 |
(1.65) |
(0.50) |
|
Return of Investment (%) |
0.00 |
(5.10) |
(2.20) |
|
Return of Shareholder's Funds (%) |
0.00 |
(13.75) |
(6.18) |
|
Total Assets Turnover (%) |
0.00 |
3.09 |
4.37 |
|
Financial Stability |
|
|
|
|
Current/Working Capital Ratio (%) |
0.00 |
1.65 |
18.87 |
|
Proprietary Ratio (%) |
0.00 |
37.05 |
35.58 |
|
Total Debt to Equity Ratio (%) |
0.00 |
62.95 |
64.42 |
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.
Bankers
Bank Charges
|
Charge 1 |
|
|
Charge Number: |
C200404710 |
|
Date of
Registration: |
|
|
Name: |
Malayan Banking Berhad |
|
Amount Secured: |
All Monies |
|
Charge 2 |
|
|
Charge Number: |
C200500807 |
|
Date of
Registration: |
|
|
Name: |
DBS Bank Ltd. |
|
Amount Secured: |
All Monies |
Auditors
|
Name: |
BSPL PAC |
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.51.75 |
|
UK Pound |
1 |
Rs.80.01 |
|
Euro |
1 |
Rs.65.99 |
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.