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Report Date : |
04.06.2012 |
IDENTIFICATION DETAILS
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Correct Name : |
L & Z PTE. LTD. |
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Formerly Known As : |
L & Z TRADING & INVESTMENT PTE LTD |
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Registered Office : |
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Country : |
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Date of Incorporation : |
22.10.2001 |
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Com. Reg. No.: |
200106905E |
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Legal Form : |
Private Limited Exempt Company |
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Line of Business : |
Trade of agricultural 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
|
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 |
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Restricted |
C2 |
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Off-credit |
D |
|
Company Name: |
L & Z PTE.
LTD. |
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Supplied Name: |
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Supplied
Address: |
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Fax Number: |
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Note:
The supplied name and address are incomplete, and the exact name and address are as above.
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Credit Opinion: |
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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: |
200106905E |
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Country
of Incorporation: |
Singapore |
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Registered
Capital: |
SGD1,000,000.00
(USD 773,222) (As
of 2012.06, 1 SGD = 0.77322 USD) |
|
Paid-up
Capital: |
SGD1,000,000.00
(USD 773,222) = 1,000,000 Shares@1 SGD |
|
Legal
Form: |
Private
Limited Exempt Company |
|
Principal
Activities: |
Trade
of agricultural products. |
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About 10 Employees |
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|
Status: |
Live Company |
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Listed at Stock
Exchange: |
No. |
|
Date of Last
Annual Return: |
|
Subject was
incorporated on
|
Date |
Change |
|
|
L
& Z TRADING & INVESTMENT PTE LTD |
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|
L & Z PTE.
LTD. |
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Subscription
Amount |
Proportion
of Investment (%) |
|
|
SOE NAING |
1,000,000 |
100% |
|
Total |
1,000,000 |
100% |
Major Shareholder
Information:
|
Name: |
SOE NAING |
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ID Number: |
S2752813I |
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Address: |
95 Grange Road #06-12 Grange Residences Singapore
249616 |
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Nationality: |
Singapore P.R. |
Parent Company
|
Name |
Diamond Star Group |
|
Address |
Myanmar |
From other sources, we found that subject is a subsidiary
of Diamond
Star Group, but the staff of subject declined to confirm the information above.
Detailed
Information of Management:
|
1 |
|
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Name: |
WONG KIAH PENG |
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Position: |
Secretary |
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ID Number: |
S |
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Address: |
Singapore 536619 |
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Nationality: |
Singapore Citizen |
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Date of Appointment: |
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2 |
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Name: |
SOE NAING |
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Position: |
Director |
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ID Number: |
S2752813I |
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Address: |
95 Grange Road #06-12 Grange Residences Singapore
249616 |
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Nationality: |
Singapore P.R. |
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Date of Appointment: |
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Personnel
Structure
|
Total Employees |
About 10
Employees |
Offices
& Factories
|
|
Office |
|
Address: |
Production
Information
l
Subject is a trader of agricultural products
without any production activities
Purchase
l
The productions are mostly imported from Myanmar.
Sales
Information
l
Subject is mainly engaged in trading of
agricultural products and the related products.
l
Subject introduced that its major products include
Rice, Wheat, Wheat Floor, Beans and Pulses, Maize, Marine products, Rubber,
Pharmaceutical products, Bakery Ingredients, Fertilizers, Yeast, Machinery and
parts, Steel products, consumer products, etc.
l
Subject introduced that the products are mainly
imported from Myanmar.
l
Subject’s selling territory mainly covers Asia.
l
Subject’s staff declined to disclose more details
about subject.
Subject declined to disclose the settlements information, and from other sources, we couldn’t obtain the information, either.
In Singapore,
Limited Exempt Private Companies are not obligated to submit their financial
statements to the local registry. The subject also declined to disclose such
information due to the confidentiality reason.
The latest financial information is not available from the subject or
other sources.
Open
Account Bank
The bankers’ information is not available from the subject or other
sources.
|
Name: |
WONG,LEE &
ASSOCIATES |
Charges
|
Charge 1 |
|
|
Charge Number: |
C200404635 |
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Date of
Registration: |
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Name: |
UNITED OVERSEAS BANK
LIMITED |
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Amount Secured: |
All Monies |
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Charge 2 |
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Charge Number: |
C200605835 |
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Date of
Registration: |
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Name: |
UNITED OVERSEAS
BANK LIMITED |
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Amount Secured: |
All Monies |
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Charge 3 |
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Charge Number: |
C200701791 |
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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 4 |
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Charge Number: |
C200701804 |
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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 5 |
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Charge Number: |
C201002429 |
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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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Name: |
N/A |
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Department: |
Sale Department |
Note:
The staff declined to disclose her name.
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 |
|
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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.