MIRA
INFORM REPORT
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Report Date : |
26.03.2012 |
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Tel. No.: |
+65 6270086, 627 00957 |
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Fax No.: |
62739300 |
IDENTIFICATION DETAILS
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Name : |
WESTCON ( |
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Registered Office : |
1003 Bukit Merah Central #06-46 Singapore 159836 |
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Country : |
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Financials (as on) : |
31.03.2010 |
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Date of Incorporation : |
14.02.2004 |
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Com. Reg. No.: |
200902717N |
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Legal Form : |
Private Limited Company |
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Line of Business : |
IT solutions; Wholesale Of Computer Hardware And Peripheral Equipment |
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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 : |
credit 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 30, 2011
|
Country Name |
Previous Rating (30.06.2011) |
Current Rating (30.09.2011) |
|
Singapore |
A2 |
A2 |
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Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
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
Notes:
The supplied address is the registered address of subject,
and the exact trading address is as above.
Credit
Summary
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Credit Rating: |
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|
Credit Opinion: |
Company
Identification Details
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 (%) |
|
|
Westcon
(India) Private Limited |
100 |
100% |
|
Total |
100 |
100% |
Major Shareholder Information:
|
Name: |
Westcon
(India) Private Limited |
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ID Number: |
T09UF |
|
Address: |
#33
& 34, Indiranagar,1st Stage, Off |
Subsidiaries &
Branches
Related Companies:
|
Global
Headquarters - USA Germany Indonesia
Tel: +966 1
2915740 Spain Tel: +44 1285
647000 Tel: +44 1753
797800 Chicago,
Illinois Tel: +1 954 485
3900 Tel: +1 303 566
2600 Tel: +1 877 642
7750 |
Manage
Information
Detailed Information of Management:
|
1 |
|
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Name: |
Sivaramakrishnan
Pallasana Ramanathan |
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Position: |
Director |
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ID Number: |
F7918175 |
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Address: |
TF-5,
Ramanibs Rajgriha, 28 Desabandu Street,Ramnagar Coimbatore 641009,Tamilnadu |
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Nationality: |
Indian |
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Date of
Appointment: |
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2 |
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Name: |
Baskaran
Ambikapathy |
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Position: |
Director |
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ID Number: |
S |
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Address: |
8B Boon Tiong
Road |
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Nationality: |
Singapore
Citizen |
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Date of
Appointment: |
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3 |
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Name: |
Ramachandran
Indramohan |
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Position: |
Secretary |
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ID Number: |
S6879666J |
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Address: |
40 Sims Drive
#10-229 Singapore 380040 |
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Nationality: |
Singapore
Citizen |
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Date of
Appointment: |
|
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4 |
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Name: |
Byju Pillai |
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Position: |
Director |
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ID Number: |
Z1560288 |
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Address: |
#217 Trinity
Meadows, off Sarjapura Road Bellandur, Bangalore 560 037, India |
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Nationality: |
Indian |
|
Date of
Appointment: |
|
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Operation
Information
Offices
& Factories
|
|
Office |
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Address: |
150 Kampong
Ampat #06-09 KA Centre Singapore 368324 |
Production Information
l
Subject is an IT solution supplier and
computer hardware seller without any production activities.
Purchase Information
l
Subject purchases both at home and abroad.
l
Subject is the agent of specific brands as follows
Major products purchased:
|
Cisco, Juniper
Networks, Extreme Networks, F5, Acme Packet, Brocade, Blue Coat |
|
|
UC: |
Avaya, Polycom,
Cisco |
|
Security: |
Juniper
Networks, Check Point, Blue Coat, F5, Palo Alto Networks |
Sales Information
l
Subject is mainly engaged in supplying of IT
solution service and distributing of computer hardware and the related
products.
l
Subject introduced that it has many offices located
all over the world, and the offices will help the customer to deal with the
business, according to the location of the customers.
l
Subject introduced that subject mainly serves the
domestic customers in Singapore, but it also can accept the orders from other
countries, and help the customers contact the offices nearby.
Settlements
Subject declined the
settlements information, and from other sources, we couldn’t obtain the
information, either.
Balance
Sheet
Unit: USD
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|
|
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Total Assets |
961,375.00 |
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Total Current
Assets |
961,375.00 |
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Total
Non-Current Assets f.k.a. [Fixed And
Others] |
0.00 |
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Total
Liabilities |
920,915.00 |
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Total Current
Liabilities |
920,915.00 |
|
Total
Non-Current Liabilities |
0.00 |
|
Total Equity
f.k.a [Shareholder's Funds] |
40,460.00 |
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Paid-Up Capital |
N.A. |
|
Share Capital |
100.00 |
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Other Reserves,
Total f.k.a. [Reserves] |
0.00 |
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Retained
Earnings/(Accumulated Loss) |
40,360.00 |
Profit/Loss
Account
Unit: USD
|
|
To |
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Revenue f.k.a
[Sales Turnover And Other Operating
Revenues] |
2,118,929.00 |
|
Profit/(Loss)
before Tax from Continuing
Operations f.k.a [Profit/(Loss)
before tax] |
44,249.00 |
|
Profit/(Loss)
after Tax from Continuing
Operations f.k.a [Profit/(Loss)
After Tax] |
40,360.00 |
|
Net
Income/(Loss) From Extraordinary And Non-Operating Items |
N.A. |
|
Profit/(Loss)
After Tax and Extraordinary
Items |
N.A. |
Bankers
Subject
delcined to disclose its bank details, from other source we can not obtain the
relevant information, either.
Auditors
|
Name: |
DELOITTE
& TOUCHE LLP |
Interview
Details
|
Name: |
Mr. Terry |
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.50.90 |
|
|
1 |
Rs.80.77 |
|
Euro |
1 |
Rs.67.40 |
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.