MIRA INFORM REPORT
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Report Date : |
12.03.2012 |
IDENTIFICATION DETAILS
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Name : |
ABTUS SINGAPORE PTE. LTD. |
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Registered Office : |
2023 Bukit Batok Street 23 #02-100 Singapore 659528 |
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Country : |
Singapore |
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Date of Incorporation : |
18.07.2005 |
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Com. Reg. No.: |
200509905H |
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Legal Form : |
Limited Exempt Private Company |
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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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Maximum Credit Limit : |
USD 30,000 |
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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 – September 30th, 2011
|
Country Name |
Previous Rating (30.06.2011) |
Current Rating (30.09.2011) |
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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 |
Contact Points
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Company Name: |
Abtus Singapore Pte. Ltd. |
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Supplied Name: |
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Block 2023, #02-100, Bukit Batok Industrial Park A, Street 23,
Singapore 659528 |
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Supplied
Address: |
Block 2023 #02-100 Bukit Batok Ind Park A Street 23 Singapore 659528 |
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Fax Number: |
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Notes: Subject’s exact name and address are as
above.
Credit
Summary
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Credit Rating: |
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Credit Opinion: |
Company
Identification Details
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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: |
200509905H |
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Country
of Incorporation: |
Singapore |
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Registered
Capital: |
SGD 100,000 (USD
79,750) (As of 2012.03,
1 SGD = 0.7975 USD) |
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Paid-up
Capital: |
SGD 100,000 (USD
79,750) = 100,000 Shares@1 SGD |
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Legal
Form: |
Limited Exempt
Private Company |
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Principal
Activities: |
46900--General
Wholesale Trade (Including General Importers And Exporters) 47420--Retail
Sale Of Audio And Video Equipment (Eg Radio And Television Sets, Sound
Reproducing And Recording Equipment) |
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N/A |
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Status: |
Live Company |
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Listed
at Stock Exchange: |
No |
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Date
of Last Annual Return: |
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Notes: Subject declined to
disclose its staff number; from other source we can not obtain the relevant
information, either
History
Subject was
incorporated on
Shareholders
|
Subscription Amount |
Proportion of Investment (%) |
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|
Tan Soo Cheng |
100,000 |
100% |
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Total |
100,000 |
100% |
Major Shareholder
Information:
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Name: |
Tan Soo Cheng |
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ID Number: |
S1006516Z |
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Address: |
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Subsidiaries & Branches
Subject did not
introduce whether it has any subsidiaries or branches, from other source we can
not obtain the relevant information, either.
Management
Information
Detailed
Information of Management:
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1 |
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Name: |
Tan Soo Cheng |
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Position: |
Director |
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ID Number: |
S1006516Z |
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Address: |
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Nationality: |
Singapore
Citizen |
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Date of
Appointment: |
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2 |
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Name: |
Neo Lay Hiang
Pamela |
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Position: |
Secretary |
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ID Number: |
S1464993Z |
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Address: |
28 Jalan Joran
Seletar Hills Estate Singapore 809095 |
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Nationality: |
Singapore
Citizen |
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Date of
Appointment: |
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Operation
Information
Offices
& Factories
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|
Office |
|
Address: |
Block 2023, #02-100, Bukit Batok
Industrial Park A, Street 23, Singapore 659528 |
Production
Information
l
Subject is an OEM/ODM manufacturer, specializing in
integrated and customized AV solutions.
Purchase
Information
l
Subject purchases both at home and abroad.
Sales
Information
l
Subject is a supplier of AV
electronics and mounting solutionsElectronic Products, ABtUS Projection Screen,
etc
l
Subject’s products are both sold in
domestic and overseas market and subject mainly exports to Europe, Asia Pacific
and America and its business covers over 50 countries.
Major products
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Electronic
Products |
Multi-Media
Controller & Switcher CAT5 Transmitter
& Receiver Distribution
Amplifier & Switcher for VGA and HDMI Matrix switcher DVI-D
Distribution Amplifier Presentation
Scaler Switcher Component
Video/Stereo Audio Multimedia gang
Interface Panel for Single/Double |
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Mounting
Products includes: |
Wall Mounts for
LCD Monitor and Plasma/LCD Display Ceiling Mounts
for Plasma/LCD Display Cantilever
Mounts for Plasma/LCD Display Mounts for
Projector and its Cage Display Stand
for Plasma/LCD Lifted for
Projector LCD Monitor and
accessories |
Settlements
Purchase
Domestic Markets
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Products |
Payment Terms |
Proportion |
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Raw materials,
electronic products and mounting products |
COD, etc |
100% |
Overseas Markets
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Products |
Payment Terms |
Proportion |
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CBD, etc |
100% |
Domestic Markets
|
Sales Terms |
Proportion |
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Electronic
products and mounting products, etc |
CBD, etc |
100% |
Overseas Markets
|
Product |
Sales Terms |
Proportion |
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Electronic
products and mounting products, etc |
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
Subject did not introduce its bank details, from other source we can not
obtain the relevant information, either.
Auditors
|
Name: |
Strategic Audit Alliance Pac |
Interview
Details
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Department: |
Sales department
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FOREIGN EXCHANGE RATES
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Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.50.02 |
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UK Pound |
1 |
Rs.79.00 |
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Euro |
1 |
Rs.66.18 |
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 |
|
<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.