MIRA INFORM REPORT

 

 

Report Date :

02.06.2012

 

IDENTIFICATION DETAILS

 

Name :

INTERNATIONAL SCIENTIFIC (PRIVATE) LIMITED

 

 

Registered Office :

33 Tanjong Penjuru Singapore 609029

 

 

Country :

Singapore

 

 

Date of Incorporation :

05.04.1968

 

 

Com. Reg. No.:

196800124Z

 

 

Legal Form :

Limited Exempt Private Company

 

 

Line of Business :

Subject is a trader of industrial chemicals without production activities

 

 

No. of Employees :

Not Available

 

RATING & COMMENTS

 

MIRA’s Rating :

Ba

 

RATING

STATUS

PROPOSED CREDIT LINE

41-55

Ba

Overall operation is considered normal. Capable to meet normal commitments.

Satisfactory

 

Status :

Satisfactory

 

 

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 – March 31st, 2012

 

Country Name

Previous Rating

(31.12.2011)

Current Rating

(31.03.2012)

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:

International Scientific (Private) Limited

Supplied Name:

International Scientific Pte Ltd

Trading Address:

33 Tanjong Penjuru Singapore 609029

Supplied Address:

Chemical Factories, Importer and Exporters 33 Tanjong Penjuru Singapore 609029

Telephone Number:

+65-6261-1744

Fax Number:

+65-6265-9484/ 5

E-mail:

sales@ispl.com.sg

 

Note: The correct name and address are as above mentioned.

 

 

Credit Summary

 

Credit Opinion:

Business connections are permissible.

 

 

Company Identification Details

 

Registered Name:

International Scientific (Private) Limited

Registered Address:

33 Tanjong Penjuru Singapore 609029

Date of Registration::

1968-4-5

Registered Number:

196800124Z

Country of Incorporation:

Singapore

Registered Capital:

SGD 2,480,500 (USD 1,926,395.13)

(As of 2012.05, 1 SGD = 0.7766 USD)

Paid-up Capital:

SGD 2,480,500 (USD 1,926,395.13) divided into 2,429,100 Shares

Legal Form:

Limited Exempt Private Company

Principal Activities:

46641

Wholes Basic Indust Chemcials

70102

Business Representative Offices

Staff:

N/A

Status:

Live Company

Listed at Stock Exchange:

No

Date of Last Annual Return:

2011-6-9

 

Note:

The subject declined to disclose the number of staff, and from other source we could not obtain it either.

 

 

History

 

Subject was incorporated on 1968-4-5 with registered number 196800124Z as Limited Exempt Private Company in Singapore.

 

 

Shareholders

 

Name

No. of Shares

Proportion of Investment (%)

TEO BOON SIONG

34,408

1.4

CHANG SIEH JOO

206,232

8.5

CHANG WENN YUAN

1,548,922

63.8

TAN SIEW ENG

28,840

1.1

TEO SIEW HENG

217,185

8.9

CHAN HONG KEE

11,250

0.5

PEE ENG HING

34,406

1.4

CHANG PICK FOON

137,258

5.7

CHANG SIEH SOON

80,599

3.3

CHANG SIEH YONG

65,000

2.7

CHANG SIEH SIN

65,000

2.7

Total

2,429,100

100%

 

Major Shareholder Information:

1

Name:

TEO BOON SIONG

ID Number:

S0086314I

Address:

114 Tampines Street 11 #09-161 Singapore 521114

Nationality:

Singapore Citizen

2

Name:

CHANG SIEH JOO

ID Number:

S0096905B

Address:

14 West Coast Rise Hong Leong Garden Singapore 127459

Nationality:

Singapore Citizen

3

Name:

CHANG WENN YUAN

ID Number:

S0187960Z

Address:

4 Lorong J Telok Kurau Singapore 425793

Nationality:

Singapore Citizen

4

Name:

TAN SIEW ENG

ID Number:

S0316296F

Address:

114 Tampines Street 11 #09-161 Singapore 521114

Nationality:

Singapore Citizen

5

Name:

TEO SIEW HENG

ID Number:

S0677353B

Address:

4 Lorong J Telok Kurau Singapore 425793

Nationality:

Singapore Citizen

6

Name:

CHAN HONG KEE

ID Number:

S0777333A

Address:

41E Lorong 101 Changi Singapore 426653

Nationality:

Singapore Citizen

7

Name:

PEE ENG HING

ID Number:

S1148387I

Address:

43 Mackerrow Road Singapore 358610

Nationality:

Singapore Citizen

8

Name:

CHANG PICK FOON

ID Number:

S1173695E

Address:

23 West Coast Crescent #05-09 Blue Horizon Singapore 128046

Nationality:

Singapore Citizen

9

Name:

CHANG SIEH SOON

ID Number:

S1305379J

Address:

22 Jalan Lempeng #08-03 Singapore 128803

Nationality:

Singapore Citizen

10

Name:

CHANG SIEH YONG

ID Number:

S1482594J

Address:

34A Lorong L Telok Kurau Pine Court Singapore 425443

Nationality:

Singapore Citizen

11

Name:

CHANG SIEH SIN

ID Number:

S6901961G

Address:

315B Anchorvale Road #11-166 Singapore 542315

Nationality:

Singapore Citizen

 

 

Subsidiaries & Branches

 

Related Company:

Name:

Sinko Chemical Pte Ltd

Registered Number:

198502074C

Registered Address:

6 Tanjong Penjuru Singapore 609018

Activities:

Manufacturing chemical additives used by the oil drilling and exploring industries

 

 

Management Information

 

Core Management

Detailed Information of Management:

1

Name:

TEO BOON SIONG

Position:

Director

ID Number:

S0086314I

Address:

114 Tampines Street 11 #09-161 Singapore 521114

Nationality:

Singapore Citizen

Date of Appointment:

1973-6-7

2

Name:

CHANG SIEH JOO

Position:

Director

ID Number:

S0096905B

Address:

14 West Coast Rise Hong Leong Garden Singapore 127459

Nationality:

Singapore Citizen

Date of Appointment:

18-988-12-1

3

Name:

CHANG WENN YUAN

Position:

Director

ID Number:

S0187960Z

Address:

4 Lorong J Telok Kurau Singapore 425793

Nationality:

Singapore Citizen

Date of Appointment:

1968-1-28

4

Name:

LEE LIAN KEE

Position:

Secretary

ID Number:

S1208174Z

Address:

107 Aljunied Crescent #07-02 Singapore 380107

Nationality:

Singapore Citizen

Date of Appointment:

1981-5-15

 

 

Operation Information

 

Offices & Factories

 

Office

Address:

33 Tanjong Penjuru Singapore 609029

 

Production Information

l         Subject is a trader of industrial chemicals without production activities.

l         Subject has a related company (Sinko Chemical Pte Ltd) with its own manufacturing factory and warehouse facilities. It specializes in manufacturing chemical additives used by the oil drilling and exploring industries.

Purchase

l         Subject purchases from its related company Sinko Chemical Pte Ltd.

l         Raw material for production is imported from China, Pakistan, etc.

 

Sales Information

l         Subject is engaged in sales of more than 500 industrial chemicals

l         Subject’s products are applied to Ink Printing, Paint Additives, Petrochemicals Sugar Refinery, Textile, and Waste Treatment, etc.

l         Subject sales regions include both domestic and foreign countries such as China, Hong Kong, India, Pakistan, USA, Europe, etc.

 

 

Settlements

 

Purchase

Domestic Markets

Subject has little domestic purchase

Overseas Markets

Products

Payment Terms

Proportion

Industrial chemicals

CBD, etc

100%

 

Sales

Domestic Markets

Product

Sales Terms

Proportion

Industrial chemicals

COD, CBD, etc

100%

Overseas Markets

Product

Sales Terms

Proportion

Industrial chemicals

CBD, etc

100%

 

 

Financial Information

 

In Singapore, Limited Exempt Private Companies are not obligated to submit their financial statements to the local registry. We did not find the 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:

7801719

Date of Registration:

1978-9-30

Name:

DBS Bank Ltd.

Amount Secured:

SGD 1,000,000

Charge 2

Charge Number:

8002435

Date of Registration:

1980-9-1

Name:

DBS Bank Ltd.

Amount Secured:

SGD 1,400,000

Charge 3

Charge Number:

8002436.01

Date of Registration:

1980-9-1

Name:

DBS Bank Ltd.

Amount Secured:

SGD 400,000

Charge 4

Charge Number:

8103148

Date of Registration:

1981-8-7

Name:

DBS Bank Ltd.

Amount Secured:

SGD 2,600,000

Charge 5

Charge Number:

8103149

Date of Registration:

1981-8-7

Name:

DBS Bank Ltd.

Amount Secured:

SGD 1,400,000

Charge 6

Charge Number:

8305433

Date of Registration:

1983-11-14

Name:

DBS Bank Ltd.

Amount Secured:

SGD 6,000,000

Charge 7

Charge Number:

8305434

Date of Registration:

1983-11-14

Name:

DBS Bank Ltd.

Amount Secured:

SGD 400,000

Charge 8

Charge Number:

8801598

Date of Registration:

1988-5-21

Name:

DBS Bank Ltd.

Amount Secured:

All Monies

Charge 9

Charge Number:

C201011007

Date of Registration:

2010-11-19

Name:

United Overseas Bank Limited

Amount Secured:

All Monies

 

 

Auditors

 

Name:

Enterprise Accountants LLP

 

 

Interview Details

 

Name:

Ms. Gu

Position:

Sales

Department:

Sales Department

 

 

 

 

FOREIGN EXCHANGE RATES

 

Currency
Unit

Indian Rupees

US Dollar

1

Rs.55.92

UK Pound

1

Rs.86.03

Euro

1

Rs.69.13

 

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

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%)

PRIVATE & CONFIDENTIAL : This information is provided to you at your request, you having employed MIPL for such purpose. You will use the information as aid only in determining the propriety of giving credit and generally as an aid to your business and for no other purpose. You will hold the information in strict confidence, and shall not reveal it or make it known to the subject persons, firms or corporations or to any other. MIPL does not warrant the correctness of the information as you hold it free of any liability whatsoever. You will be liable to and indemnify MIPL for any loss, damage or expense, occasioned by your breach or non observance of any one, or more of these conditions

This report is issued at your request without any risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL) or its officials.