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Report Date : |
29.05.2012 |
IDENTIFICATION DETAILS
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Name : |
PANASIA PAPER TRADING CO PTY LTD SINGAPORE
BRANCH |
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Registered Office : |
137 Telok Ayer Street #03-07, Singapore 068602 |
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Country : |
Singapore |
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Date of Incorporation : |
22.10.2010 |
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Com. Reg. No.: |
T10FC0119G |
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Legal Form : |
Foreign Company Registered in Singapore |
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Line of Business : |
Wholesaler of Paper and Paper Products |
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No. of Employees : |
About 10 Employees ( Over 2,000 employees (Group) |
RATING & COMMENTS
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MIRA’s Rating : |
Ba |
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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 : |
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 – 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 |
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Moderate |
B1 |
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High |
B2 |
|
Very High |
C1 |
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Restricted |
C2 |
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Off-credit |
D |
Note:
The supplied name is incomplete, and the complete and
correct one is as above mentioned.
|
Credit Opinion: |
|
Registered
Name: |
Panasia Paper
Trading Co Pty Ltd Singapore Branch |
|
Registered
Address: |
137
Telok Ayer Street #03-07, Singapore 068602 |
|
Date
of Registration:: |
|
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Registered
Number: |
T10FC |
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Place
of Origin: |
Australia |
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Registered
Capital: |
AUD
10,000,000 (USD 9,756,000 ) (As
of 2012.05, 1 AUD = 0.9756 USD) |
|
Legal
Form: |
Foreign
Company Registered in Singapore |
|
Principal
Activities: |
46471:
Wholesale Of Paper And Paper Products |
|
About 10 Employees (Singapore Branch) Over 2,000
employees (Group) |
|
|
Status: |
Active |
|
Listed at Stock
Exchange: |
No |
|
Date of Last
Annual Return: |
-- |
Subject was incorporated on
Major Shareholder
Information:
|
Name: |
Panasia Paper
Trading Co Pty Ltd |
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% of Investment: |
100% |
Parent Company:
|
Name: |
Panasia
Paper Trading Co Pty Ltd |
|
Address: |
Australia |
Ultimate Parent Company
|
Name: |
Norske
Skog |
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Address: |
Norske
Skog, PB 329, 1326 Lysaker, Norway |
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Phone: |
+47-6759-90 00 |
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Fax: |
+47-6759-9181 |
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E-mail: |
Major Related Companies
|
1 |
|
|
Name: |
Norske
Skog Tasman (NZ) Ltd. |
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Address: |
27
Gillies Ave, Newmarket, Auckland New Zealand |
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Phone: |
+64-9524-3400 |
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Fax: |
+64-9524-3409 |
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E-mail: |
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2 |
|
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Name: |
Norske
Skog (Thailand) Co.,Ltd |
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Address: |
10th
Floor, Vibulthani Tower I, 3195/15 Rama IV Road Klongton, Klongtoey District
Bangkok 10110 Thailand |
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Phone: |
+66-2661-3486 |
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Fax: |
+66-2661-3012 |
Subject
has many other related companies and offices in
|
Region
|
Country
|
|
Africa |
Algeria,
Libya, Morocco, Tunisia |
|
Asia |
Thailand |
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Australia
|
Australia,
New Zealand |
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Europe
|
Austria,
Belgium, Bosnia, Bulgaria, Cyprus, Czech Republic, Denmark, Estonia, Finland,
France, Germany, Greece, Hungary, Iceland, Ireland, Italy, Latvia, Lithuania,
Macedonia, Netherlands, Norway, Poland, Portugal, Serbia, Slovak Republic,
Slovenia, Spain, Sweden, Switzerland, Turinkey, United Kingdom |
|
Middle
East |
Bahrain,
Egypt, Iran, Israel, Jordan, Kuwait, Lebanon, Oman, Qatar, Saudi Arabia,
Syria, U.A.E., Yemen |
|
North
America |
USA |
|
South
America |
Argentina,
Brazil, Colombia, Ecuador, Paraguay, Peru, Uruguay |
Detailed
Information of Management:
|
1 |
|
|
Name: |
Andrew James
Mckean |
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Position: |
Director |
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ID Number: |
M6165267 |
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Address: |
9 Corella Way,
Westleigh Nsw 2120, Australia |
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Nationality: |
Australian |
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Date of
Appointment: |
|
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2 |
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Name: |
David Andrew
Leighton |
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Position: |
Director |
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ID Number: |
M6676419 |
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Address: |
3 Kittani Place,
Killara Nsw 2071, Australia |
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Nationality: |
Australian |
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Date of
Appointment: |
|
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3 |
|
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Name: |
Robert Andrew
Amos |
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Position: |
Director |
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ID Number: |
S |
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Address: |
18K Jalan Paras,
Yong Seng Estate, Singapore 418880 |
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Nationality: |
Singapore P.R. |
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Date of
Appointment: |
|
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4 |
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Name: |
Robert Andrew
Amos |
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Position: |
Agent |
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ID Number: |
S |
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Address: |
18K Jalan Paras,
Yong Seng Estate, Singapore 418880 |
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Nationality: |
Singapore P.R. |
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Date of
Appointment: |
|
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5 |
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Name: |
Foo Yew Wen |
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Position: |
Director |
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ID Number: |
S7176362E |
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Address: |
856E Tampines
Street 82, #12-202, Singapore 525856 |
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Nationality: |
Singapore P.R. |
|
Date of
Appointment: |
|
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6 |
|
|
Name: |
Foo Yew Wen |
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Position: |
Agent |
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ID Number: |
S7176362E |
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Address: |
856E Tampines
Street 82, #12-202, Singapore 525856 |
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Nationality: |
Singapore P.R. |
|
Date of
Appointment: |
|
Personnel
Structure
|
Total Employees |
About 10 Employees (Singapore Branch) Over 2,000
employees (Group) |
Offices
& Factories
|
|
Headquarter |
|
Address: |
137 Telok Ayer Street #03-07, Singapore 068602 |
Production
Information
l
Subject's group is engaged in manufacture of
newsprint and it has factories in Thailand and New Zealand for production.
l
It is introduced that the New Zealand Factory’s
annual production capacity of newsprint is currently over 300,000 tonnes.
l
Subject operates as a regional sales office of the
group and it does not have production activities by itself.
Purchase
Information
l
Subject purchases newsprint mainly abroad from
group factories in New Zealand and Thailand
l
It is introduced that Subject's major supplier is
the New Zealand Factory
Sales
Information
l
Subject's group is engaged in sales of paper and
paper products.
l
The group has its own brand “Nor-symbol”
l
Subject operating as Singapore sales office is
responsible for sales of Norske Skog publication paper in Asia excluding
Thailand which is taken care of by domestic sales operations.
l
Subject's sales regions include India, Pakistan,
Sri Lanka, Bangladesh, Nepal, Vietnam, Indonesia, Japan, Australia, Taiwan,
Hong Kong, Singapore and Malaysia.
l
Subject also sells its products through its
regional agents in Taiwan, Hong Kong and other regions.
Major products:
|
Product: |
Feature |
|
Improved
newsprint |
Enhancing the
printed images |
|
Light weight
coated |
Brightness,
basic weights. |
|
Directory |
Lightweight |
|
Super calandered |
Uncoated paper |
|
Machine finished
coated |
Bright,
film-coated |
Purchase
Domestic Markets
Subject has little
domestic purchase
Overseas Markets
|
Products |
Payment Terms |
Proportion |
|
Newsprint, etc |
Interior
settlement, etc |
100% |
Domestic Markets
|
Sales Terms |
Proportion |
|
|
Newsprint, etc |
COD, CBD, etc |
100% |
Overseas Markets
|
Product |
Sales Terms |
Proportion |
|
Newsprint, etc |
CBD, etc |
100% |
Since subject is a
foreign branch registered in Singapore, we did not find any financial
information of the branches from the local registry, and the only source from
which we can obtain the information is the subject itself.
Subject’s staff Rebecca
declined to disclose the financials citing the grounds of company's
confidentiality, from other source we cannot obtain the relevant information,
either.
We did not find
any financials of subject’s parent from our available sources, either.
Subject declined to disclose its bank details; from other source we
cannot obtain the relevant information, either.
|
Name: |
Rebecca |
|
Position: |
Manager |
|
Department: |
Sales Department
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FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.55.26 |
|
UK Pound |
1 |
Rs.86.80 |
|
Euro |
1 |
Rs.69.63 |
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.