MIRA
INFORM REPORT
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Report Date : |
12.07.2012 |
IDENTIFICATION DETAILS
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Name : |
EXXONMOBIL CHEMICAL |
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Formerly Known As : |
Exxon Chemical |
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Registered Office : |
1 Harbourfront Place #07-00 Singapore 098633 |
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Country : |
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Date of Incorporation : |
26.05.1999 |
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Com. Reg. No.: |
52893724C |
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Legal Form : |
Sole Proprietorship |
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Line of Business : |
· Other Business Support Services Activities Nec (Eg Administration Of Loyalty Programmes) Trader of petrochemical products |
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No. of Employees : |
About 10 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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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 – March 31st, 2012
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Country Name |
Previous Rating (31.12.2011) |
Current Rating (31.03.2012) |
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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: |
Exxonmobil Chemical Asia Pacific |
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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.
Credit
Summary
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Credit Opinion: |
Business
connections are permissible |
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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Commencement
Date |
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Renewal Date |
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Expiry Date |
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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: |
82999--Other Business
Support Services Activities Nec (Eg Administration Of Loyalty Programmes) Trader
of petrochemical products |
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Status: |
Live |
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Listed at Stock
Exchange: |
No |
Notes: It is not required
for Sole Proprietorship to register capital.
History
Subject was incorporated on
Change of Name:
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Date |
Change |
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Exxon Chemical Asia Pacific |
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Exxonmobil Chemical Asia Pacific |
Owner
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Name: |
Exxonmobil Asia Pacific Pte. Ltd. |
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ID Number: |
196800312N |
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Address: |
1 Harbourfront Place #07-00 Harbourfront Tower
One Singapore 098633 |
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Nationality |
Singapore, Rep Of |
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Date of Entry |
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Withdrawn Owner:
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Name: |
Exxonmobil
Chemical Singapore Private Limited |
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ID Number: |
197301105H |
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Address: |
1 Harbourfront
Place |
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Nationality: |
Singapore, Rep
Of |
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Date of Entry: |
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Operation
Information
Offices
& Factories
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Office |
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Address: |
Production
Information
l
Subject is a trader of petrochemical products and its
group is engaged in manufacture of petrochemical products
Purchase
Information
l
The subject purchases petrochemical products mainly
from its parent company in
Singapore
Sales
Information
l
Subject is engaged in sales of petrochemical
products. And its products include olefins, aromatics, fluids, synthetic
rubber, polyethylene, and polypropylene, oriented polypropylene packaging
films, plasticizers, synthetic lubricant basestocks, additives for fuels and
lubricants, zeolite catalysts and other petrochemical products, etc
l
Subject’s products are both sold in domestic and
foreign markets and its sales regions are mainly in Asia.
Settlements
Purchase
Domestic Markets
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Products |
Payment Terms |
Proportion |
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Petrochemical
products |
COD, Credit Sales,
etc |
100% |
Overseas Markets
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Products |
Payment Terms |
Proportion |
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Petrochemical
products |
CBD, etc |
100% |
Domestic Markets
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Sales Terms |
Proportion |
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Petrochemical products |
CBD, etc |
100% |
Overseas Markets
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Product |
Sales Terms |
Proportion |
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Petrochemical products |
CBD, etc |
100% |
Balance
Sheet
Subject has no obligations to disclose its financial statements to the third party according to the relevant policy in Singapore, we did not find any financial from local registry and the only source from which we can obtain the information is the subject itself.
Subject declined to disclose the financials citing the grounds of company’s confidentiality; from other source we can not obtain the relevant information, either.
Bankers
Subject declined to disclose its bank details; from other source we can not obtain the relevant information, either.
FOREIGN EXCHANGE RATES
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Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
Rs.55.37 |
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UK Pound |
1 |
Rs.85.95 |
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Euro |
1 |
Rs.67.87 |
INFORMATION DETAILS
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Report Prepared
by : |
MNL |
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.