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Report Date : |
07.06.2012 |
IDENTIFICATION DETAILS
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Name : |
ALKEMAL SINGAPORE PRIVATE LIMITED |
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Registered Office : |
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Country : |
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Date of Incorporation : |
23.02.1982 |
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Com. Reg. No.: |
198200704K |
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Legal Form : |
Limited Exempt Private Company |
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Line of Business : |
Wholesaler of logs, sawn timber, plywood and related products |
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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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Status : |
Moderate |
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Payment Behaviour : |
No Complaints |
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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 |
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Moderate |
B1 |
|
High |
B2 |
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Very High |
C1 |
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Restricted |
C2 |
|
Off-credit |
D |
Note:
The supplied name
is incomplete, and the exact name is as above.
|
Credit Opinion: |
The staff number
is not available from the subject or other sources.
Subject was incorporated on
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Subscription
Amount |
Proportion of
Investment (%) |
|
|
DALJIT SINGH |
150,000 |
15% |
|
ESTATE OF MAHANBIR SINGH, DECEASED |
700,000 |
70% |
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JASVINDER SINGH |
150,000 |
15% |
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Total |
1,000,000 |
100% |
Major Shareholder
Information:
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1 |
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Name: |
DALJIT SINGH |
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ID Number: |
S0039514E |
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Address: |
24 GOODMAN ROAD Singapore 438987 |
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Nationality: |
Singapore Citizen |
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2 |
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Name: |
ESTATE OF MAHANBIR SINGH, DECEASED |
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ID Number: |
S |
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Address: |
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Nationality: |
Singapore Citizen |
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3 |
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Name: |
JASVINDER SINGH |
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ID Number: |
S1312527I |
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Address: |
19 BOURNEMOUTH ROAD Singapore 439727 |
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Nationality: |
Singapore Citizen |
Branch offices
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1 |
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Address: |
No. 174(A), Dhammazaydi Road Bahan Township,
Yangon |
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E-mail: |
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Tel: |
+951-534190/ 538598 |
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Fax: |
+951-527301 |
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2 |
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Address: |
House No. 122, Sector 4, Gandhidham, Kutch-370201
Gujrat (India) |
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E-mail: |
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Tel: |
+91-98 2422-0055 |
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Fax: |
+91-28 3622-9555 |
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3 |
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Address: |
51/16B, Seelan Colony, 2nd Street,
Muniasamypuram, Tuticorin 628003 |
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E-mail: |
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Tel: |
+91-99 4494-6609/4448-6608 |
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Fax: |
+91- 46 1237-7714 |
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4 |
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Address: |
Jibon Bima Bhaban 80, Motigheel, C/A (1st Floor)
Dhaka-Bangladesh |
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E-mail: |
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Tel: |
+00-88-0421-64887 |
Detailed
Information of Management:
|
1 |
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Name: |
DALJIT SINGH |
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Position: |
Director |
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ID Number: |
S0039514E |
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Address: |
24 Goodman Road, Singapore 438987 |
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Nationality: |
Singapore Citizen |
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Date of Appointment: |
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2 |
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Name: |
JASVINDER SINGH |
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Position: |
Director |
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ID Number: |
S1312527I |
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Address: |
19 Bournemouth Road, Singapore 439727 |
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Nationality: |
Singapore Citizen |
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Date of Appointment: |
|
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3 |
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Name: |
HATIDAH BINTI SALAM |
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Position: |
Secretary |
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ID Number: |
S1450483D |
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Address: |
263 Yishun Street 22 #07-159, Singapore 760263 |
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Nationality: |
Singapore Citizen |
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Date of Appointment: |
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Offices
& Factories
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|
Office |
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Address: |
3 Shenton Way
#12 |
Production
Information
l
Subject is a processor of the timber and timber
related products.
l
Subject purchases different species of the timber
from abroad.
l
Subject is a trader of timber and timber related
products.
l
Subject introduced it purchases the products mainly
from overseas.
l
Major products purchased as following:
|
Products |
Original area |
|
Teak, Gurjan, Pyinkado |
Myanmar |
|
Teak |
Ghana |
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Teak, Gmelina, Eki |
Nigeria |
|
Teak |
Benin |
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Teak |
Ecuador |
|
Teak |
Costa Rica |
|
Teak |
Panama |
l
Subject agents in its major buying and selling centres
such as India, Bangladesh, Vietnam, Myanmar, Nigeria, Ghana, Benin, Panama,
Ecuador, Costa Rica and North America.
l
Subject is a member of main business associations
in Singapore such as Singapore Business Federation, Singapore Indian Chamber of
Commerce, Industry and Singapore Timber Exporters Association.
l
Subject’s selling territory is all over the world.
Purchase
Domestic Markets
Subject seldom
purchases from the domestic markets.
Overseas Markets
|
Products |
Payment Terms |
Proportion |
|
Timber and timber related products. |
T.T in advance, L/C etc. |
100% |
Domestic Markets
|
Sales Terms |
Proportion |
|
|
Timber and
timber related products. |
COD, etc. |
100% |
Overseas Markets
|
Product |
Sales Terms |
Proportion |
|
Timber and
timber related products. |
T.T in advance,
L/C etc. |
100% |
Subject has no obligations to disclose its financial statements to the
third party according to the relevant policy in Taiwan and the only source from
which we can obtain the information is the subject itself.
Subject’s relevant
staff declined to disclose its financials citing the grounds of company’s
confidentiality; from other source we can not obtain the relevant information,
either.
|
Name: |
MEHERVAN SINGH
& CO |
Charges
|
Charge 1 |
|
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Charge Number: |
C200302150 |
|
Date of
Registration: |
|
|
Name: |
DBS BANK LTD. |
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Amount Secured: |
All Monies |
|
Charge 2 |
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Charge Number: |
C201008795 |
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Date of
Registration: |
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|
Name: |
DBS BANK LTD. |
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Amount Secured: |
All Monies |
|
Name: |
Mr. Wasan |
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.55.50 |
|
UK Pound |
1 |
Rs.85.58 |
|
Euro |
1 |
Rs.69.30 |
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 |
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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 |
|
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 |
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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.