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Report Date : |
01.06.2012 |
IDENTIFICATION DETAILS
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Name : |
STAR |
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Formerly Known As : |
Star Metals & Minerals Pte. Ltd. |
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Registered Office : |
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Country : |
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Date of Incorporation : |
05.06.2006 |
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Com. Reg. No.: |
200608125E |
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Legal Form : |
Limited Private Company |
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Line of Business : |
Wholesale of Pagers, Handphones and other Telecommunications Apparatus (Eg Palmtops, Smart Watches, Wearable Computer And Electronic Books) |
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No. of Employees : |
Not Available |
RATING & COMMENTS
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MIRA’s Rating : |
Ca |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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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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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
|
Country Name |
Previous Rating (31.12.2011) |
Current Rating (31.03.2012) |
|
Singapore |
A1 |
A1 |
|
Risk Category |
ECGC
Classification |
|
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 |
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Company Name: |
Star Asia Holdings Pte. Ltd. |
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Supplied Name: |
Star Metal and Minerals Pte Ltd |
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Supplied
Address: |
Notes: Subject’s current name is as above and the
supplied name is the former one of subject.
We tried to
contact subject through the phone number +65-6320-8397 obtained from public
files, no one answered the phone, we have tried for several times, but the
results act as the same.
No other valid
contact of subject was found from public files according to the supplied name,
registered name or address.
From public files
we found that subject is engaged in trading of AU & PB Metals, Petroleum
Products, Petrochemicals, Coal, Earth Minerals, Ordinary Portland Cement,
Cement Bag, Sack Kraft Paper and Automotive Battery, while we can not confirm
the information.
Up to the date of
reporting, we failed to get in touch with subject, we will keep trying and if
there is any new information returns, we will update the report.
We found subject’s
registration information from local registry, supplying as follows for
reference.
|
Registered
Name: |
Star Asia Holdings Pte. Ltd. |
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Registered
Address: |
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Date
of Registration:: |
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Registered
Number: |
200608125E |
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Country
of Incorporation: |
Singapore |
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Registered
Capital: |
SGD
100,000 (USD 78,360) (As
of 2012.05, 1 SGD = 0.7836 USD) |
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Paid-up
Capital: |
SGD 100,000
(USD 78,360) = 100,000 Shares@1 SGD |
|
Legal
Form: |
Limited
Private Company |
|
Principal
Activities: |
46523--Wholesale
Of Pagers, Handphones And Other Telecommunications
Apparatus (Eg Palmtops, Smart Watches, Wearable
Computer And Electronic Books) 64202--Other
Investment Holding Companies |
|
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: |
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Notes: The staff number
is not available from subject or other sources.
Subject was
incorporated on
|
Date |
Change |
|
|
Star Metals
& Minerals Pte. Ltd. |
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|
Star Asia
Holdings Pte. Ltd. |
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Subscription
Amount |
Proportion
of Investment (%) |
|
|
Key Trend Trading Limited |
100,000 |
100% |
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Total |
100,000 |
100% |
Major Shareholder
Information:
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Name: |
Key Trend Trading Limited |
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ID Number: |
T10UF |
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Address: |
Flat / Rm 1609, Nan Fung Tower 173 Des Voeux Road
Central, Hong Kong |
Subject did not
register any subsidiaries or branches; from other source we can not obtain the
relevant information, either
Detailed
Information of Management:
|
1 |
|
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Name: |
Denis Charles Tze Sek Sum |
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Position: |
Director |
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ID Number: |
1019682 |
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Address: |
88 Maronde Street,
Grand Bay Mauritius |
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Nationality: |
Mauritian |
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Date of Appointment: |
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2 |
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Name: |
Low Khee Chuan |
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Position: |
Director |
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ID Number: |
S7703616D |
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Address: |
142 Lorong Ah Soo #02-253 Singapore 530142 |
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Nationality: |
Singapore Citizen |
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Date of Appointment: |
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3 |
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Name: |
Low Khee Chuan |
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Position: |
Secretary |
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ID Number: |
S7703616D |
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Address: |
142 Lorong Ah Soo #02-253 Singapore 530142 |
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Nationality: |
Singapore Citizen |
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Date of Appointment: |
|
Since we did not
get in touch with subject, we can not confirm subject’s operation details. We
supplied subject’s operation from public files as follows for reference.
Subject is engaged
in trading of AU & PB Metals, Petroleum Products, Petrochemicals, Coal,
Earth Minerals, Ordinary Portland Cement, Cement Bag, Sack Kraft Paper and
Automotive Battery.
But we can not
confirm the information.
We did not find any financials of subject from local registy and the only
source from which we can obtain the relevant informatin is the subject itself.
Since we did not get in touch with subject, the financials are not
available.
Information on
bank details is not available from subject or other sources.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.56.42 |
|
UK Pound |
1 |
Rs.87.37 |
|
Euro |
1 |
Rs.69.95 |
INFORMATION DETAILS
|
Report Prepared
by : |
MNL |
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 |
|
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.