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Report Date : |
25.06.2012 |
IDENTIFICATION DETAILS
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Name : |
HWA KIANG TRADING |
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Registered Office : |
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Country : |
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Date of Incorporation : |
01.10.1987 |
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Com. Reg. No.: |
38279100B |
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Legal Form : |
Partnership |
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Line of Business : |
General Wholesale Trade (Including General Importers And
Exporters) |
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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) |
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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: |
Hwa Kiang Trading |
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Supplied Name: |
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Supplied
Address: |
Woodlands Drive 14 Block 518 # 12-261, |
Notes: Subject’s 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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Commencement
Date |
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Renewal Date |
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Expiry Date |
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Registered
Number: |
38279100B |
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Registered
Capital: |
N/A |
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Legal Form: |
Partnership |
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Principal
Activities: |
46900--General
Wholesale Trade (Including General Importers And Exporters) |
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N/A |
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Status: |
Live |
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Listed at Stock
Exchange: |
No |
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Date of Last
Annual Return: |
-- |
Notes: it is not required
for partnership to register capital and the staff number is not available from
subject or other sources.
Subject was incorporated on
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1 |
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Name: |
Nadra Begum D/O Mohamed Yacob |
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ID Number: |
S1663918D |
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Address: |
518 Woodlands Drive 14 #12-261
Singapore 730518 |
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Nationality: |
Singapore Citizen |
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Date of Appointment: |
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2 |
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Name: |
Sheikh Ismail Khan S/O Mohammad
Yameen |
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ID Number: |
S2658312H |
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Address: |
518 Woodlands Drive 14 #12-261
Singapore 730518 |
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Nationality: |
Singapore P.R. |
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Date of Appointment: |
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Subject did not introduce whether it has any subsidiaries or branches, from other source we can not obtain any relevant information, either.
Detailed
Information of Management:
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1 |
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Name: |
Nadra Begum D/O Mohamed Yacob |
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Position: |
Manager |
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ID Number: |
S1663918D |
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Address: |
518 Woodlands Drive 14 #12-261 Singapore 730518 |
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Nationality: |
Singapore Citizen |
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Date of Appointment: |
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2 |
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Name: |
Sheikh Ismail Khan S/O Mohammad Yameen |
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Position: |
Manager |
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ID Number: |
S2658312H |
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Address: |
518 Woodlands Drive 14 #12-261 Singapore 730518 |
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Nationality: |
Singapore P.R. |
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Date of Appointment: |
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Offices
& Factories
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Office |
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Address: |
Production
Information
l
Subject is engaged in trading of power products
without any production activities itself.
Purchase
Information
l
Subject purchases power products mainly broad from
China, etc
l
Subject is engaged in sales of power products and
its major products are UPS.
l
Subject’s products are applied for the power
supplying for computer, computer systems and other electronic equipments, etc
l
It is introduced that Subject’s products are mainly
exported to Pakistan.
Purchase
Domestic Markets
Subject has little
domestic purchase
Overseas Markets
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Products |
Payment Terms |
Proportion |
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Power products,
etc |
CBD, etc |
100% |
Domestic Markets
Subject has little domestic sales.
Overseas Markets
|
Product |
Sales Terms |
Proportion |
|
Power products, etc |
CBD, etc |
100% |
We did not find
any financial information of subject from local registry, and the only source from
which we can obtain the information should be the subject itself.
Subject declined
to disclose its financial information citing the grounds of company’s
confidentiality; from other source we can not obtain the relevant information,
either.
Subject declined
to disclose its bank details; from other source we can not obtain the relevant
information, either.
|
Name: |
Ms. Sheikh |
FOREIGN EXCHANGE RATES
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Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.56.99 |
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UK Pound |
1 |
Rs.88.97 |
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Euro |
1 |
Rs.71.57 |
INFORMATION DETAILS
|
Report Prepared
by : |
MNL |
RATING EXPLANATIONS
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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>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 |
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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 |
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41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
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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 |
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<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.