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Report Date : |
09.06.2012 |
IDENTIFICATION DETAILS
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Name : |
MAGNETONE SINGAPORE PTE LTD |
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Registered Office : |
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Country : |
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Date of Incorporation : |
29.08.2001 |
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Com. Reg. No.: |
200105725E |
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Legal Form : |
Private Limited Liability Company |
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Line of Business : |
Remanufacture and trade of computer and office equipment consumables and computer accessories |
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No. of Employees : |
More than 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 : |
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 |
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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 |
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Company Name: |
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Supplied Name: |
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50 Genting Lane, #05- |
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Supplied
Address: |
50 Genting Lane, #05- |
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Fax Number: |
+65-67460779 |
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E-mail: |
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Credit Opinion: |
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Registered
Name: |
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Registered
Address: |
50 Genting Lane #05-03/04 Cideco Industrial Complex Singapore 349558 |
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Date
of Registration:: |
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Registered
Number: |
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Country
of Incorporation: |
Singapore |
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Registered
Capital: |
(As of 2012.6, 1
SGD = 0.8101 USD) |
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Paid-up
Capital: |
SGD 200,000 (USD 162,020) = 200,000 Shares@1 SGD |
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Legal
Form: |
Private Limited
Liability Company |
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Principal
Activities: |
Remanufacture
and trade of computer and office equipment consumables
and computer accessories. |
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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
Unit: SGD
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Subscription
Amount |
Proportion of Investment
(%) |
|
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35% |
||
|
30% |
||
|
Lee Lai Ling |
10% |
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|
25% |
||
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Total |
100% |
Major Shareholder
Information:
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1 |
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Name: |
Yap Kiat Fah |
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Value: |
SGD 70,000 |
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ID Number: |
A11242454 |
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Address: |
600 Jalan Baiduri 9, Taman Chip Aik 70200
Seremban, Malaysia |
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Nationality: |
Malaysian |
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2 |
|
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Name: |
Yap Sow Chan |
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Value: |
SGD 60,000 |
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ID Number: |
A97659464 |
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Address: |
600 Jalan Baiduri 9 Taman Chip Aik 70200 Seremban
West Malaysia |
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Nationality: |
Malaysian |
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3 |
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Name: |
|
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Value: |
SGD 20,000 |
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ID Number: |
L4515177 |
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Address: |
2 Sorrel Crescent, Warranwood 3134, Victoria,
Australia |
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Nationality: |
Australian |
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4 |
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Name: |
Ng Li Li |
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Value: |
SGD 50,000 |
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ID Number: |
S1762038Z |
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Address: |
223 Bishan Street 23 #09-133 Singapore 570223 |
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Nationality: |
Singapore Citizen |
Detailed
Information of Management:
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1 |
|
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Name: |
Yap Kiat Fah |
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Position: |
Director |
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ID Number: |
A11242454 |
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Address: |
600 Jalan Baiduri 9, Taman Chip Aik 70200
Seremban, Malaysia |
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Nationality: |
Malaysian |
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Date of Appointment: |
|
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2 |
|
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Name: |
Yap Sow Chan |
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Position: |
Director |
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ID Number: |
A9765946 |
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Address: |
600 Jalan Baiduri 9 Taman Chip Aik 70200 Seremban
West Malaysia |
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Nationality: |
Malaysian |
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Date of Appointment: |
|
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3 |
|
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Name: |
Ng Li Li |
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Position: |
Director |
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ID Number: |
S1762038Z |
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Address: |
223 Bishan Street 23 #09-133 Singapore 570223 |
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Nationality: |
Singapore Citizen |
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Date of Appointment: |
|
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4 |
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Name: |
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Position: |
Secretary |
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ID Number: |
S1762038Z |
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Address: |
223 Bishan Street 23 #09-133 Singapore 570223 |
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Nationality: |
Singapore Citizen |
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Date of Appointment: |
|
Personnel
Structure
|
Total Employees |
Offices
& Factories
|
|
Office |
|
Address: |
50 Genting Lane,
#05- |
Production
Information
l
Subject is a manufacturer of compatible laser
components and the related products with the production activities
Purchase
l
The subject purchases both from domestic markets
and foreign markets.
Sales
Information
l
Subject is mainly
engaged in remanufacturing and trading of compatible replacement parts for
laser, copier and multifunction machines.
l
Subject is also a distributor of the compatible
replacement parts for laser, copier and multifunction machines and the related
products.
l
Subject introduced that its present major products
sold as following:
|
|
Product |
|
1 |
Compatible Chemical Toner |
|
2 |
Xerox Compatible Components |
|
3 |
Remanufactured Cartridge |
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4 |
|
|
5 |
Roller Manufacturing Division |
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6 |
Canon IR-2200/3300 Primary Charge Roller (Matte
Finish) |
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7 |
|
|
8 |
Others |
l
Subject’s selling territory covers all over the world,
but mainly the South Asia.
Purchase
Domestic Markets
|
Products |
Payment Terms |
Proportion |
|
Computer and Office Equipment Consumables and Computer Accessories |
Overseas Markets
|
Products |
Payment Terms |
Proportion |
|
Computer and
Office Equipment Consumables and Computer Accessories |
CBD, etc |
100% |
Domestic Markets
|
Sales Terms |
Proportion |
|
|
Computer and Office Equipment Consumables and
Computer Accessories |
CBD, etc |
100% |
Overseas Markets
|
Product |
Sales Terms |
Proportion |
|
Computer and Office Equipment Consumables and
Computer Accessories |
CBD, etc |
100% |
The latest financial information is not available from the subject or
other sources.
Subject declined to disclose the latest financial figures about it.
Open
Account Bank
|
DBS Bank |
Subject declined to disclose more details about bankers’ information, and from other sources, we couldn’t obtain the information, either.
|
Name: |
Chee Fm &
Associates |
Charges
No charges information was found from public files.
|
Name: |
Ms. Wu |
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.55.36 |
|
UK Pound |
1 |
Rs.85.64 |
|
Euro |
1 |
Rs.69.21 |
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.