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Report Date : |
03.05.2012 |
IDENTIFICATION DETAILS
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Name : |
TWINCO PTE LTD |
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Registered Office : |
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Country : |
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Date of Incorporation : |
03.08.1991 |
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Com. Reg. No.: |
199405473Z |
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Legal Form : |
Private Limited Exempt Company |
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Line of Business : |
Trading and wholesaling of diesel engine spare parts. |
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No. of Employees : |
More Over 50 |
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 : |
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 (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: |
Twinco Pte Ltd |
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Supplied Name: |
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Supplied Address: |
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Fax Number: |
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Note:
The exact name is as above.
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Credit Opinion: |
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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: |
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Country of Incorporation: |
Singapore |
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Registered Capital: |
SGD 2,000,000 (USD 1,614,750) (As of 2012.5, 1 SGD = 0.80738 USD) |
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Paid-up Capital: |
SGD 2,000,000 (USD 1,614,750)= 2,000,000 Shares @1 SGD |
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Legal Form: |
Private Limited Exempt Company |
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Principal Activities: |
Trading and wholesaling of diesel engine spare parts. |
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More over 50 Employees (worldwide) |
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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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Subject was incorporated on
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Subscription
Amount |
Proportion of
Investment (%) |
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1,999,999 |
99.99995% |
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|
1 |
0.00005% |
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Total |
100% |
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1 |
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Name: |
Lim Siong Sing
Eddie Marcus |
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ID Number: |
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Address: |
122 Jalan Pelatok
East View Garden, Singapore 488461 |
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2 |
|
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Name: |
Gehlhaar Carsten
Jorg |
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ID Number: |
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Address: |
78 Hougang
Avenue 7 #06-25 Florida, the Singapore 534260 |
Sales Offices:
|
1 |
|
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Address: |
Shanghai City,
China |
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Tel: |
+8621-5509-0063 |
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Fax: |
+8621-5506-0227 |
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2 |
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Address: |
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Tel: |
+62-21-6599075 |
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Fax: |
+62-21-6599110 |
Subject also has representatives in India, Pakistan, UAE, Philippines,
etc.
Detailed Information of Management:
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1 |
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Name: |
Lim Siong Sing
Eddie Marcus |
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Position: |
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ID Number: |
S1582551J |
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Address: |
122 Jalan
Pelatok, East View Garden, Singapore 488461 |
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Nationality: |
Singapore
Citizen |
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Date of
Appointment: |
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2 |
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Gehlhaar Carsten Jorg |
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Position: |
Director |
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ID Number: |
S2673385E |
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Address: |
78 Hougang Avenue 7, #06-25, Florida, The
Singapore 534260 |
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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: |
Tang Siow Hwa |
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Position: |
Secretary |
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ID Number: |
S1676878B |
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Address: |
96 Duchess Road,
Princess Of Wales Park, Singapore 269020 |
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Nationality: |
Singapore
Citizen |
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Date of
Appointment: |
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Total Employees |
Offices & Factories
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|
Office |
|
Address: |
Production information
Subject is a trader of diesel engine spare parts without any production
activities
Purchase
The productions are purchased from abroad.
Sales Information
Subject is mainly engaged in trading and
wholesaling of diesel engine spare parts.
Subject introduced that all the products are imported from Europe.
Germany, Italy, Switzerland and Sweden are the major purchasing resources.
Subject introduced that it cooperates with some factories in the
countries as above. They can supply OEM service to customers.
Subject sells products both in local area and foreign markets.
China, Mid East Indonesia and India are the major foreign markets.
Purchase
Domestic Markets
Subject does not purchase from local area.
Overseas Markets
|
Products |
Payment Terms |
Proportion |
|
100% |
Domestic Markets
|
Sales Terms |
Proportion |
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|
Diesel engine
spare parts |
COD, etc. |
Overseas Markets
|
Product |
Sales Terms |
Proportion |
|
Diesel engine
spare parts |
CBD, etc. |
100% |
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 financial information is not available from the subject or other
sources.
The bankers’ information is not available from the subject or other
sources.
|
Name: |
GOH SHER WEE & CO. |
|
Name: |
Mr. Lin |
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.52.93 |
|
|
1 |
Rs.85.85 |
|
Euro |
1 |
Rs.69.94 |
INFORMATION DETAILS
|
Report Prepared
by : |
SDA |
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 |
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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 |
---- |
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.