MIRA INFORM REPORT
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Report Date : |
18.01.2012 |
IDENTIFICATION DETAILS
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Name : |
SINOPAK TRADING & MARKETING |
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Registered Office : |
12 Flora Road #02-02 Azalea Park Condominium Singapore 509730 |
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Country : |
Singapore |
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Date of Incorporation : |
27.01.2004 |
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Com. Reg. No.: |
53012404A |
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Legal Form : |
Sole Proprietorship |
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Line of Business : |
General Wholesale Trade (including general importers and exporters) |
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No. of Employees
: |
Not Available |
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 5,000 |
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Status : |
Moderate |
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Payment
Behaviour : |
Unknown |
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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: |
Sinopak Trading & Marketing |
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Supplied Name: |
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12 Flora Road #02-02 Azalea Park Condominium Singapore 509730 |
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Supplied
Address: |
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Fax Number: |
Note:
The exact name and address are as above.
Credit
Summary
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Credit Rating: |
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Credit Opinion: |
Special
Note
According to the supplied name and address, we found the
telephone number (+65-6338-8679), and we contacted subject, a man answered the
phone, but he refused to disclose the information about subject. And from other
sources, we couldn’t obtain another contact method.
The registration
files show that subject is engaged in general wholesale trade (including
general importers and exporters), since we did not get in touch with subject,
we can not confirm the information.
We found subject’s
registration information as follows for reference.
Company
Identification Details
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Registered Name: |
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Registered
Address: |
12 Flora Road #02-02 Azalea Park Condominium Singapore 509730 |
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Date of
Foundation: |
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Date of
Registration:: |
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Registered
Number: |
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Registered
Capital: |
N/A |
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Legal Form: |
Sole
Proprietorship |
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Principal
Activities: |
46900 General wholesale
trade (including general importers and exporters) |
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N/A |
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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: |
N/A |
Note:
The registered capital and staff number are not available from the subject or other sources.
History
Subject was
incorporated on
Owner
Major Owner
Information:
|
Name: |
NAVEED AHMED
SAIGAL |
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ID Number: |
S |
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Address: |
55 Simei Rise |
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Date of Change
of Address: |
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Nationality: |
Singapore
Citizen |
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Date of
Appointment: |
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Subsidiaries &
Branches
Subject did not register any subsidiaries or branches, from other source we
can not obtain the relevant information, either.
Manage
Information
Detailed
Information of Management:
|
Name: |
NAVEED AHMED
SAIGAL |
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Position: |
Managing
Director |
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ID Number: |
S |
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Address: |
55 Simei Rise
#07-51 Savannah Condopark Singapore 528791 |
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Date of Change
of Address: |
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Nationality: |
SINGAPORE
CITIZEN |
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Date of
Appointment: |
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Operation Information
Offices
& Factories
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|
Office |
|
Address: |
12 Flora Road #02-02 Azalea Park
Condominium Singapore 509730 |
Subject declined to disclose the operation information.
We obtained the registered activities of the subject as follows for
reference.
|
Business Code |
Details |
|
46900 |
General
wholesale trade (including general importers and exporters) |
Settlements
Subject declined the
settlements information, and from other sources, we couldn’t obtain the
information, either.
Financial
Information
Subject has no obligations to disclose its financial statements to the
third party according to the relevant policy in Singapore and the only source
from which we can obtain the information is the subject itself.
Bankers
The bankers’ information is not available from the
subject or other sources.
Interview
Details
|
Name: |
N/A |
Note:
A man declined to disclose his name.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.51.06 |
|
UK Pound |
1 |
Rs.78.48 |
|
Euro |
1 |
Rs.64.99 |
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 |
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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 |
|
<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.