MIRA INFORM REPORT
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Report Date : |
15.03.2012 |
IDENTIFICATION DETAILS
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Name : |
SPN IMPEX PTE. LTD. |
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Registered Office : |
1 North Bridge Road #07-10 High Street Centre Singapore 179094 |
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Country : |
Singapore |
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Date of Incorporation : |
07.10.2005 |
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Com. Reg. No.: |
200514026K |
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Legal Form : |
Limited Exempt Private Company |
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Line of Business : |
Manpower Contracting Services |
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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 20,000 |
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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) |
|
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: |
SPN Impex Pte. Ltd. |
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Supplied Name: |
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No. 1 North Bridge Road, No. 07-10 High Street Centre Singapore 179094 |
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Supplied
Address: |
No. 1 North
Bridge Road, No. 07-10 High Street Centre Singapore 179094 |
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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: |
1
North Bridge Road #07-10 High Street Centre Singapore 179094 |
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Date of Registration:: |
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Registered Number: |
200514026K |
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Country of Incorporation: |
Singapore |
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Registered Capital: |
SGD 100,000 (USD 78,970) (As of 2012.03, 1 SGD = 0.7897
USD) |
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Paid-up Capital: |
SGD 100,000 (USD 78,970) =
100,000 Shares@1 SGD |
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Legal Form: |
Limited Exempt Private Company |
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Principal Activities: |
78101--It Manpower Contracting Services 46900--General Wholesale Trade (Including General
Importers And Exporters) |
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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 did not introduce 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 (%) |
|
|
Sathappan
Sathappan |
100,000 |
100% |
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Total |
100,000 |
100% |
Major Shareholder
Information:
|
Name: |
Sathappan
Sathappan |
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ID Number: |
S |
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Address: |
513
Ang Mo Kio Avenue 8 #05-2772 Singapore 560513 |
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
Core Management
Detailed
Information of Management:
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1 |
|
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Name: |
D Souza Brian
Augustine |
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Position: |
Director |
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ID Number: |
S |
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Address: |
1 Wilkie Terrace |
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Nationality: |
Singapore P.R. |
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Date of
Appointment: |
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2 |
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Name: |
D Souza Brian
Augustine |
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Position: |
Secretary |
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ID Number: |
S |
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Address: |
1 Wilkie Terrace
#07-03 Hock Mansion Singapore 228022 |
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Nationality: |
Singapore P.R. |
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Date of
Appointment: |
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3 |
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Name: |
Sathappan
Sathappan |
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Position: |
Director |
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ID Number: |
S |
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Address: |
513 Ang Mo Kio
Avenue 8 #05-2772 Singapore 560513 |
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Nationality: |
Singapore P.R. |
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Date of
Appointment: |
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Operation Information
Offices
& Factories
|
|
Office |
|
Address: |
No. 1 North Bridge Road, No. 07-10 High
Street Centre Singapore 179094 |
Production
Information
l
Subject is a trader of scraps materials without any
production activities.
Purchase
Information
l
Subject purchases mainly abroad from Europe, etc
Sales
Information
l
Subject is engaged in sales of scrap materials
including metal scraps, etc
l
Subject’s products are both sold in domestic and
overseas market and it is introduced that subject exports to India and
Malaysia, etc
Settlements
Purchase
Domestic Markets
Subject has little
domestic purchase
Overseas Markets
|
Products |
Payment Terms |
Proportion |
|
Scraps, etc |
CBD, etc |
100% |
Domestic Markets
|
Sales Terms |
Proportion |
|
|
Scraps, etc |
CBD, etc |
100% |
Overseas Markets
|
Product |
Sales Terms |
Proportion |
|
Scraps, 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 declined
to disclose its bank details; from other source we can not obtain the relevant
information, either.
Interview
Details
|
Name: |
Nina |
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.49.90 |
|
UK Pound |
1 |
Rs.78.15 |
|
Euro |
1 |
Rs.65.09 |
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 |
|
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 |
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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.