MIRA INFORM REPORT
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Report Date : |
12.01.2012 |
IDENTIFICATION DETAILS
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Name : |
SUNLIGHT MERCANTILE PTE. LTD. |
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Registered Office : |
300 Beach Road #13-01 Concourse, The Singapore 199555 |
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Country : |
Singapore |
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Date of Incorporation : |
26.12.1984 |
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Com. Reg. No.: |
198404381N |
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Legal Form : |
Private Limited Liability Company |
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Line of Business : |
Wholesale of Logs, Sawn Timber, Plywood and Related Products |
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No. of Employees : |
More than 10
Persons |
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 30,000 |
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Status : |
Moderate |
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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 |
Contact Points
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Company Name: |
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Supplied Name: |
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Supplied Address: |
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Fax Number: |
Credit
Summary
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Credit Rating: |
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Credit Opinion: |
Company Identification
Details
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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: |
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Country of Incorporation: |
Singapore |
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Registered Capital: |
(As of 2011.08, 1 SGD = 0.8320 USD) |
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Paid-up Capital: |
SGD 3,300,000 (USD
2,745,600) = 3,300,000 Shares@1 SGD |
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Legal Form: |
Private Limited Liability Company |
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Principal Activities: |
Wholesale Of Logs,
Sawn Timber, Plywood And Related Products |
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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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History
Subject was
incorporated on
Shareholders
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Subscription
Amount |
Proportion
of Investment (%) |
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29.40% |
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70.60 % |
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Total |
100% |
Major Shareholder Information:
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1 |
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Name: |
Zulaihama Binte Meeramohiadeen Syed Thamby
Jaffar |
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Value: |
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ID Number: |
S |
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Address: |
99 Meyer Road #15-03 Sovereign, The
Singapore 437920 |
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Nationality: |
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2 |
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Name: |
Fazal Currim Bin Mansoor Sheriff |
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Value: |
SGD 2,329,797 |
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ID Number: |
S2170011H |
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Address: |
99 Meyer Road #15-03 Sovereign, The
Singapore 437920 |
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Nationality: |
Singapore Citizen |
Subsidiaries &
Branches
Manage
Information
Detailed Information of Management:
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1 |
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Name: |
Abdul Rab Bin Abdul Aziz |
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Position: |
Director |
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ID Number: |
S1288096J |
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Address: |
104 Whampoa Drive #06-56 Singapore 323104 |
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Nationality: |
Singapore Citizen |
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Date of Appointment: |
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2 |
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Name: |
Zulaihama Binte Meeramohiadeen Syed Thamby
Jaffar |
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Position: |
Secretary |
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ID Number: |
S |
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Address: |
99 Meyer Road #15-03 Sovereign, The
Singapore 437920 |
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Nationality: |
Singapore Citizen |
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Date of Appointment: |
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3 |
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Name: |
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Position: |
Director |
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ID Number: |
S2170011H |
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Address: |
99 Meyer Road #15-03 Sovereign, The
Singapore 437920 |
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Nationality: |
Singapore Citizen |
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Date of Appointment: |
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4 |
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Name: |
Fazal Currim Bin Mansoor Sheriff |
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Position: |
Managing Director |
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ID Number: |
S2170011H |
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Address: |
99 Meyer Road #15-03 Sovereign, The
Singapore 437920 |
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Nationality: |
Singapore Citizen |
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Date of Appointment: |
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5 |
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Name: |
Omar Currim S/O Fazal Currim |
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Position: |
Director |
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ID Number: |
S8121193J |
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Address: |
99 Meyer Road #15-03 Sovereign, The
Singapore 437920 |
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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 |
Operation
Information
Offices & Factories
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|
Office |
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Address: |
Purchase
l
The
subject purchases Logs, Sawn Timber, Plywood and Related Products.
l
The
subject purchase from foreign markets.
Sales Information
l
The subject
is engaged in sales of Logs, Sawn Timber, Plywood and
Related Products.
l
The
subject sells products around the world.
Settlements
Purchase
Domestic
Markets
The subject seldom purchases from domestic
markets.
Overseas
Markets
|
Products |
Payment Terms |
Proportion |
|
CBD,
etc |
100% |
Domestic
Markets
|
Sales Terms |
Proportion |
|
|
Logs,
Sawn Timber, Plywood and Related Products |
CBD,
etc |
100% |
Overseas Markets
|
Sales Terms |
Proportion |
|
|
Logs,
Sawn Timber, Plywood and Related Products |
CBD,
etc |
100% |
Financial
Figures
|
Sales |
|
|
2010 |
About USD 30,000 |
Notes: The information is from introduction.
Bankers
Open Account Bank
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Name: |
DBS Bank |
Auditors
|
Name: |
Prudential Public Accounting Corporation |
Public
Charges
|
Charge 1 |
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Charge Number: |
199805176 |
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Date of Registration: |
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Name: |
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Amount Secured: |
USD 60,000 |
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Charge 2 |
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Charge Number: |
200204009 |
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Date of Registration: |
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Name: |
Indian Bank |
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Amount Secured: |
SGD 560,135 |
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Charge 3 |
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Charge Number: |
C200401023 |
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Date of Registration: |
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Name: |
DBS Bank Ltd. |
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Amount Secured: |
All Monies |
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Charge 4 |
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Charge Number: |
C200501750 |
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Date of Registration: |
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Name: |
Indian Bank |
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Amount Secured: |
All Monies |
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Charge 5 |
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Charge Number: |
C200606472 |
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Date of Registration: |
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Name: |
Indian Bank |
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Amount Secured: |
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Charge 6 |
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Charge Number: |
C200606473 |
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Date of Registration: |
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Name: |
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Amount Secured: |
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Charge 7 |
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Charge Number: |
C200705457 |
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Date of Registration: |
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Name: |
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Amount Secured: |
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Charge 8 |
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Charge Number: |
C200705458 |
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Date of Registration: |
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Name: |
Oversea-Chinese Banking Corporation Limited |
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Amount Secured: |
All Monies |
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Charge 9 |
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Charge Number: |
C200708311 |
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Date of Registration: |
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Name: |
Indian Bank |
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Amount Secured: |
All Monies |
Interview
Details
|
Name: |
Fazal Currim Bin Mansoor Sheriff |
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.51.75 |
|
UK Pound |
1 |
Rs.80.00 |
|
Euro |
1 |
Rs.65.99 |
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.