MIRA INFORM REPORT

 

 

Report Date :

22.03.2012

 

IDENTIFICATION DETAILS

 

Name :

MOHAMED MUSTAFA & SAMSUDDIN CO. PTE LTD

 

 

Registered Office :

668 Chander Road, #02-18 Singapore 210668

 

 

Country :

Singapore

 

 

Date of Incorporation :

21.02.1989

 

 

Com. Reg. No.:

198900680Z

 

 

Legal Form :

Limited Exempt Private Company

 

 

Line of Business :

Department Stores Cum Supermarkets (Including Hypermarkets)

 

 

No. of Employees :

Not Available

 

RATING & COMMENTS

 

MIRA’s Rating :

B

 

RATING

STATUS

PROPOSED CREDIT LINE

26-40

B

Capability to overcome financial difficulties seems comparatively below average.

Small

 

Maximum Credit Limit :

USD 30,000

Status :

Moderate

Payment Behaviour :

No Complaints

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 30, 2011

 

Country Name

Previous Rating

(30.06.2011)

Current Rating

(30.09.2011)

Singapore

A1

A1

 

Risk Category

ECGC Classification

Insignificant

 

A1

Low

 

A2

Moderate

 

B1

High

 

B2

Very High

 

C1

Restricted

 

C2

Off-credit

 

D

 

Contact Points

 

Company Name:

Mohamed Mustafa & Samsuddin Co. Pte Ltd

Supplied Name:

Mohammad Mustafa And Samsudin Co Pte Ltd

Trading Address:

Mustafa Centre, 145 Syed Alwi Road, Singapore 207704

Supplied Address:

Pte Ltd Mustafa Centre 145 Syed Alwi Road Singapore

Telephone Number:

+65-62955855

Fax Number:

+65-62955866

Notes:

The exact subject’s name and address are as above mentioned.

 

Credit Summary

 

Credit Rating:

Maximum credit USD 30,000

Credit Opinion:

Business connections are permissible.

 

 

Company Identification Details

 

Registered Name:

Mohamed Mustafa & Samsuddin Co. Pte Ltd

Registered Address:

668 Chander Road, #02-18 Singapore 210668

Date of Registration::

1989-2-21

Registered Number:

198900680Z

Country of Incorporation:

Singapore

Registered Capital:

SGD 13,340,000.00 (USD 10,409,202.00)

(As of 2012.03, 1 SGD = 0.7803 USD)

Paid-up Capital:

SGD 13,340,000.00 (USD 10,409,202.00)

= 13,340,000 Shares@1 SGD

Legal Form:

Limited Exempt Private Company

Principal Activities:

47192 Department Stores Cum Supermarkets (Including Hypermarkets)

46900 General Wholesale Trade (Including General Importers And Exporters)

Staff:

N/A

Status:

Live Company

Listed at Stock Exchange:

No

Date of Last Annual Return:

17-11-2011

Notes:

Subject declined to introduce its staff number.

 

History

 

Subject was incorporated on 1989-2-21 with registered number 198900680Z as Limited Exempt Private Company in Singapore.

 

Shareholders

 

Name

Subscription Shares

Proportion of Investment (%)

MUSTAQ AHMAD @ MUSHTAQ AHMAD S/O MUSTAFA

8,171,170

61.5%

SHAMSUDDIN

2,016,993

15%

ESTATE OF MUSTAFA

1,986,170

14.8%

ISHRET JAHAN

1,165,667

8.7%

Total

13,340,000

100%

 

Major Shareholder Information:

1

Name:

MUSTAQ AHMAD @ MUSHTAQ AHMAD S/O MUSTAFA

ID Number:

S2019378F

Address:

119 Keng Lee Road Singapore 308405

Nationality:

Singapore Citizen

2

Name:

SHAMSUDDIN

ID Number:

S2077946B

Address:

5 Verdun Road #07-02 SPA BUILDING Singapore 207274

Nationality:

Singapore Citizen

3

Name:

ESTATE OF MUSTAFA

ID Number:

S2101665I

Address:

119 Keng Lee Road Singapore 308405

Nationality:

Singapore Citizen

4

Name:

ISHRET JAHAN

ID Number:

S2595621D

Address:

119 Keng Lee Road Singapore 308405

Nationality:

Singapore Citizen

 

Subsidiaries & Branches

 

Branch:

Address:

Serangoon Plaza, 320 Serangoon Road, Singapore 218108

Tel:

+65-62955855

Fax:

+65-62955866

 

Management Information

 

Core Management

 

Detailed Information of Management:

1

Name:

MUSTAQ AHMAD @ MUSHTAQ AHMAD S/O MUSTAFA

Position:

Director

ID Number:

S2019378F

Address:

119 Keng Lee Road Singapore 308405

Nationality:

Singapore Citizen

Date of Appointment:

1989-2-21

2

Name:

IQBAL AHMAD

Position:

Director

ID Number:

S2586147G

Address:

119 Keng Lee Road Singapore 308405

Nationality:

Singapore Citizen

Date of Appointment:

2001-9-3

3

Name:

IQBAL AHMAD

Position:

Secretary

ID Number:

S2586147G

Address:

119 Keng Lee Road Singapore 308405

Nationality:

Singapore Citizen

Date of Appointment:

1994-1-17

4

Name:

ISHRET JAHAN

Position:

Director

ID Number:

S2595621D

Address:

119 Keng Lee Road Singapore 308405

Nationality:

Singapore Citizen

Date of Appointment:

1991-6-19

5

Name:

SHAMA BANO

Position:

Director

ID Number:

S7770799I

Address:

119 Keng Lee Road Singapore 308405

Nationality:

Singapore Citizen

Date of Appointment:

2001-2-14

 

Operation Information

 

Offices & Factories

 

 

Office

Address:

Mustafa Centre, 145 Syed Alwi Road, Singapore 207704

 

Purchase

 

l         Subject purchases various kinds of products, garments, jewelry, etc.

l         Subject imports from all over the world.

 

Sales Information

 

l         Subject is mainly engaged in sales of many kinds of goods.

l         Subject’s customers can get almost anything from over 75,000 items displayed on four levels covering an area of 70,000 Sq.ft within the six story building of subject.

l         Subject now has a total shopping space of 150,000 Sq.ft which is still not enough to accommodate the growing customer traffic.

l         Subject also offers other services such as Foreign Exchange, Travel, and a Hotel, etc.

l         Subject has customers from all over the world, such as India, Pakistan, Bangladesh, Sri-Lanka, Middle-East, North Asia Europe and Asia.

l         Subject was the first major department store to get on the INTERNET recently.

 

Settlements

 

Purchase

 

Domestic Markets

Products

Payment Terms

Proportion

Garments, jewelry, etc.

COD, CBD, etc.

100%

 

Overseas Markets

Products

Payment Terms

Proportion

Garments, jewelry, etc.

CBD, etc.

100%

 

Sales

 

Domestic Markets

Product

Sales Terms

Proportion

Garments, jewelry, etc.

Cash, etc.

100%

 

Overseas Markets

Product

Sales Terms

Proportion

Garments, jewelry, etc.

CBD, etc.

100%

 

 

Financial Information

 

In Singapore, Limited Exempt Private Companies are not obligated to submit their financial statements to the local registry.

The subject also declined to disclose such information due to the confidentiality reason. And we could not obtain that from any other sources.

 

 

Auditors

 

Name:

NATARAJAN & SWAMINATHAN

 

 

Public

 

Charges

 

Charge 1

Charge Number:

C200305315

Date of Registration:

2003-11-7

Name:

The Hong Kong And Shanghai Banking Corporation Limited

Amount Secured:

All Monies

Charge 2

Charge Number:

C200305316

Date of Registration:

2003-11-7

Name:

The Hong Kong And Shanghai Banking Corporation Limited

Amount Secured:

All Monies

Charge 3

Charge Number:

C200305321

Date of Registration:

2003-11-7

Name:

The Hong Kong And Shanghai Banking Corporation Limited

Amount Secured:

All Monies

Charge 4

Charge Number:

C200305669

Date of Registration:

2003-11-26

Name:

Malayan Banking Berhad

Amount Secured:

All Monies

Charge 5

Charge Number:

C200401197

Date of Registration:

2004-3-11

Name:

Export-Import Bank of India

Amount Secured:

All Monies

Charge 6

Charge Number:

C200403202

Date of Registration:

2004-7-2

Name:

UCO Bank

Amount Secured:

All Monies

Charge 7

Charge Number:

C200404463

Date of Registration:

2004-9-9

Name:

The Bank of East Asia Limited

Amount Secured:

All Monies

Charge 8

Charge Number:

C200502824

Date of Registration:

2005-5-17

Name:

Standard Chartered Bank

Amount Secured:

All Monies

Charge 9

Charge Number:

C200503442

Date of Registration:

2005-6-16

Name:

DBS Bank Ltd

Amount Secured:

All Monies

Charge 10

Charge Number:

C200601942

Date of Registration:

2006-3-24

Name:

Export-Import Bank of India

Amount Secured:

All Monies

Charge 11

Charge Number:

C200608068

Date of Registration:

2006-11-29

Name:

Australia And New Zealand Banking Group Limited

Amount Secured:

All Monies

Charge 12

Charge Number:

C200700134

Date of Registration:

2007-1-8

Name:

DBS Bank Ltd.

Amount Secured:

All Monies

Charge 13

Charge Number:

C200700135

Date of Registration:

2007-1-8

Name:

DBS Bank Ltd.

Amount Secured:

All Monies

Charge 14

Charge Number:

C200702630

Date of Registration:

2007-4-5

Name:

The Hong Kong And Shanghai Banking Corporation Limited

Amount Secured:

All Monies

Charge 15

Charge Number:

C200803214

Date of Registration:

2008-4-8

Name:

Indian Overseas Bank

Amount Secured:

All Monies

Charge 16

Charge Number:

C200806091

Date of Registration:

2008-7-4

Name:

Citibank N.A.

Amount Secured:

All Monies

Charge 17

Charge Number:

C201003243

Date of Registration:

2010-4-19

Name:

Export-Import Bank Of India

Amount Secured:

All Monies

Charge 18

Charge Number:

C201007219

Date of Registration:

2010-8-17

Name:

United Overseas Bank Limited

Amount Secured:

All Monies

Charge 19

Charge Number:

C201008079

Date of Registration:

2010-9-11

Name:

Indian Overseas Bank

Amount Secured:

All Monies

Charge 20

Charge Number:

C201103873

Date of Registration:

2011-3-29

Name:

Export-Import Bank Of India

Amount Secured:

All Monies

Charge 21

Charge Number:

C201105789

Date of Registration:

2011-5-12

Name:

Indian Overseas Bank

Amount Secured:

All Monies

Charge 22

Charge Number:

C201112082

Date of Registration:

2011-9-27

Name:

DBS Bank Ltd.

Amount Secured:

All Monies

Charge 23

Charge Number:

C201112085

Date of Registration:

2011-9-27

Name:

DBS Bank Ltd.

Amount Secured:

All Monies

Charge 24

Charge Number:

C201201077

Date of Registration:

2012-1-28

Name:

Export-Import Bank Of India

Amount Secured:

All Monies

Charge 25

Charge Number:

C201202022

Date of Registration:

2012-2-22

Name:

DBS Bank Ltd.

Amount Secured:

All Monies

Charge 26

Charge Number:

C201202023

Date of Registration:

2012-2-22

Name:

DBS Bank Ltd.

Amount Secured:

All Monies

 

Interview Details

Notes:

The woman who answered the telephone declined to introduce her name.

 

FOREIGN EXCHANGE RATES

 

Currency
Unit

Indian Rupees

US Dollar

1

Rs.50.59

UK Pound

1

Rs.80.34

Euro

1

Rs.67.14

 

 

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

--

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%)

 

PRIVATE & CONFIDENTIAL : This information is provided to you at your request, you having employed MIPL for such purpose. You will use the information as aid only in determining the propriety of giving credit and generally as an aid to your business and for no other purpose. You will hold the information in strict confidence, and shall not reveal it or make it known to the subject persons, firms or corporations or to any other. MIPL does not warrant the correctness of the information as you hold it free of any liability whatsoever. You will be liable to and indemnify MIPL for any loss, damage or expense, occasioned by your breach or non observance of any one, or more of these conditions

This report is issued at your request without any risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL) or its officials.