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Report Date : |
02.05.2012 |
IDENTIFICATION DETAILS
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Name : |
TECKFLEX TRADING (PTE) LTD |
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Registered Office : |
60 Kaki Bukit Place #01-04 Eunos Techpark |
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Country : |
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Date of Incorporation : |
26.05.1995 |
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Com. Reg. No.: |
199503633H |
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Legal Form : |
Private Limited Exempt Company |
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Line of Business : |
Trading of industrial hoses and cam lock couplings |
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No. of Employees : |
Not Available |
RATING & COMMENTS
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MIRA’s Rating : |
Ba |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
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Status : |
Satisfactory |
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Payment Behaviour : |
Usually Correct |
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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) |
|
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 |
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Company Name: |
Teckflex Trading (Pte) Ltd |
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Supplied Name: |
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60 Kaki Bukit Place, #01-04 Eunos Techpark, Singapore 415979 |
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Supplied
Address: |
No. 1765 Geylang Bahru, #01-11, Kallang Distripark, Singapore 339701 |
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Fax Number: |
+65-6748-7847 |
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Email: |
Note:
Subject declined to confirm the supplied address, and the staff of subject said that its trading address and warehouse address is as above.
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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: |
199503633H |
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Country
of Incorporation: |
Singapore |
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Registered
Capital: |
SGD
300,000.00 (USD 241,809) (As
of 2011.06, 1 SGD = 0.8133 USD) |
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Paid-up
Capital: |
SGD
300,000.00 (USD 241,809) = 300,000 Shares@1 SGD |
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Legal
Form: |
Private
Limited Exempt Company |
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Principal Activities: |
Trading
of industrial hoses and cam lock couplings. |
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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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Note:
Subject declined to disclose the staff number, and from other sources, we couldn’t obtain the information, either
Subject was incorporated on
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Subscription
Amount |
Proportion
of Investment (%) |
|
|
YEO KIAN KAK |
125,000 |
41.67% |
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TAN CHONG KHIM |
50,000 |
16.66% |
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LOW MAY WIN |
125,000 |
41.67% |
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Total |
300,000 |
100% |
Major Shareholder
Information:
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1 |
|
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Name: |
YEO KIAN KAK |
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ID Number: |
4627803 |
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Address: |
18 Jln Rentaka Taman Sri Tebrau Johore Bahru |
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Nationality: |
Malaysian |
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2 |
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Name: |
TAN CHONG KHIM |
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ID Number: |
S |
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Address: |
141 Bedok Reservoir Road #10-1525 Singapore 470141 |
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Nationality: |
Singapore Citizen |
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3 |
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Name: |
LOW MAY WIN |
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ID Number: |
S1265254B |
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Address: |
141 Bedok Reservoir Road #10-1525 Singapore
470141 |
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Nationality: |
Singapore Citizen |
Subject
introduced that the manufacturing facility of subject for the hoses is located
in Malaysia, but subject declined to disclose more details about it.
Detailed
Information of Management:
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1 |
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Name: |
CHEW LEE SAM |
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Position: |
Secretary |
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ID Number: |
S0068267E |
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Address: |
45 Chai Chee Street #08-166 Singapore 461045 |
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Nationality: |
Singapore Citizen |
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Date of Appointment: |
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2 |
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Name: |
TAN CHONG KHIM |
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Position: |
Director |
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ID Number: |
S |
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Address: |
141 BEDOK RESERVOIR ROAD#10-1525 Singapore 470141 |
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Nationality: |
Singapore Citizen |
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Date of Appointment: |
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3 |
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Name: |
LOW MAY WIN |
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Position: |
Director |
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ID Number: |
S1265254B |
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Address: |
141 Bedok Reservoir Road #10-1525 Singapore
470141 |
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Nationality: |
Singapore Citizen |
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Date of Appointment: |
|
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4 |
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Name: |
YEO KIAN KAK |
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Position: |
Director |
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ID Number: |
S4627803 |
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Address: |
18 Jalan Rentaka Taman Sri Tebrau Johor Bahru
Malaysia |
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Nationality: |
Malaysian |
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Date of Appointment: |
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Offices
& Factories
|
|
Office |
|
Address: |
No. 1765 Geylang
Bahru, #01-11, Kallang Distripark, Singapore 339701 |
Production
Information
l
Subject is a manufacturer of industrial hoses and
cam lock couplings and the related products
with the production activities
Sales
Information
l
Subject is mainly engaged in manufacturing and
trading of industrial hoses and cam lock couplings and the related products.
l
Subject introduced that its major products are
Camlock Couplings, Duraflex™ Hoses and PVC Hoses.
l
Subject introduced that a brand of its products is
Duraflex™.
l
Subject’s selling territory covers the domestic
market at present. And it decides to enlarge its territory.
Subject declined
to disclose the settlements information, and from other sources, we couldn’t obtain
the information, either.
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.
The latest
financial information is not available from the subject or other sources.
Open
Account Bank
The bankers’
information is not available from the subject or other sources.
Note:
The staff refused
to disclose his name.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.52.68 |
|
UK Pound |
1 |
Rs.85.12 |
|
Euro |
1 |
Rs.69.38 |
INFORMATION DETAILS
|
Report Prepared
by : |
MNL |
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 |
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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.