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Report Date : |
28.05.2012 |
IDENTIFICATION DETAILS
|
Name : |
NAC MACHINERY & EQUIPMENT PTE. LTD. |
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Registered Office : |
67e Tuas South Avenue 1 Seatown Industrial Centre Singapore 637584 |
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Country : |
Singapore |
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Date of Incorporation : |
08.04.2010 |
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Com. Reg. No.: |
201007462N |
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Legal Form : |
Private Limited Exempt Company |
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Line of Business : |
Manufacturer of hydraulic impact hammers and power packs |
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No. of Employees : |
Not Available |
RATING & COMMENTS
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MIRA’s Rating : |
Ba |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
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 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
|
Moderate |
B1 |
|
High |
B2 |
|
Very High |
C1 |
|
Restricted |
C2 |
|
Off-credit |
D |
Note:
The supplied name and address are incomplete, and the exact name and address are as above.
|
Credit Opinion: |
Subject declined to disclose the staff number, and from other sources, we couldn’t obtain the information, either.
Subject was incorporated on
|
Subscription
Amount |
Proportion of
Investment (%) |
|
|
NG CHAI CHOY |
40,000 |
80% |
|
NG CHOON CHEK |
10,000 |
20% |
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Total |
50,000 |
100% |
Major Shareholder
Information:
|
1 |
|
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Name: |
NG CHAI CHOY |
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ID Number: |
S2563462D |
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Address: |
1 WESTWOOD DRIVE Singapore 648819 |
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Nationality: |
Singapore Citizen |
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2 |
|
|
Name: |
NG CHOON CHEK |
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ID Number: |
S |
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Address: |
1 WESTWOOD DRIVE Singapore 648819 |
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Nationality: |
Singapore Citizen |
Subject did not register any subsidiaries or branches, from other source we
can not obtain the relevant information, either.
Detailed Information
of Management:
|
1 |
|
|
Name: |
LEONG KWONG TAT |
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Position: |
Director |
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ID Number: |
S2500613E |
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Address: |
25 Woodleigh Close #01-26 Euro-Asia Park
Singapore 357920 |
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Nationality: |
Singapore Citizen |
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Date of Appointment: |
|
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2 |
|
|
Name: |
NG CHAI CHOY |
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Position: |
Director |
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ID Number: |
S2563462D |
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Address: |
1 Westwood Drive Singapore 648819 |
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Nationality: |
Singapore Citizen |
|
Date of Appointment: |
|
Offices
& Factories
|
|
Office |
|
Address: |
67e Tuas South Avenue 1 Seatown Industrial Centre
Singapore 637584 |
Production
Information
l
Subject is a manufacturer of hydraulic impact
hammers and power packs with any production activities.
Purchase
l
The components and raw material for production are
purchased from local and abroad.
Sales
Information
l
Subject is mainly engaged in manufacturing and
trading of hydraulic impact hammers and power packs and the related products.
l
Subject introduced that its major products include
impact hammer, power pack, pile driver and so on.
l
And subject’s staff declined to disclose more
details about subject.
l
Subject’s selling territory mainly covers Asia.
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 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.
|
Name: |
Mr. Chen |
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.55.73 |
|
UK Pound |
1 |
Rs.87.26 |
|
Euro |
1 |
Rs.69.89 |
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 |
|
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%)
This report is issued at your request without any
risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL)
or its officials.