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Report Date : |
29.05.2012 |
IDENTIFICATION DETAILS
|
Name : |
SOO KEE JEWELLERY |
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Registered Office : |
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Country : |
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Date of Incorporation : |
11.03.1991 |
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Com. Reg. No.: |
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Legal Form : |
Private Limited Liability Company |
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Line of Business : |
Trading of jewelry and accessories and the related
products |
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No. of Employees : |
Not Available |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet
normal commitments. |
Satisfactory |
|
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 |
|
Moderate |
B1 |
|
High |
B2 |
|
Very High |
C1 |
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Restricted |
C2 |
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Off-credit |
D |
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Company Name: |
Soo Kee Jewellery |
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Supplied Name: |
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Supplied Address: |
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Registered Name: |
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Registered Address: |
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Date of Foundation: |
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Date of Registration:: |
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Registered Number: |
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Country of Incorporation: |
Sole Proprietorship |
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Registered Capital: |
N/A |
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Legal Form: |
Private Limited Liability Company |
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Principal Activities: |
Trading of jewelry and accessories
and the related products. |
|
N/A |
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Status: |
Live Company |
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Listed at Stock Exchange: |
No. |
|
Date of Last Annual Return: |
N/A |
Due to subject is a sole proprietorship
company, the registered capital is not available from the subject or other
sources.
Subject declined to disclose the staff number,
and from other sources, we couldn’t obtain the information, either.
Subject was
incorporated on
Branches:
|
Number |
Commencement Date |
Ceased Date |
Address |
|
001 |
|
|
4 TAMPINES CENTRAL 5 Singapore - |
|
002 |
|
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1 JURONG WEST CENTRAL 2 #01-11 JURONG POINT SHPG CTR Singapore - |
|
003 |
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4 TAMPINES CENTRAL 5 #01-44 TAMPINES MALL Singapore 529510 |
|
004 |
|
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709 ANG MO KIO AVENUE 8 #01-2597 Singapore 560709 |
|
005 |
|
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183 TOA PAYOH CENTRAL #01-306 Singapore 310183 |
|
006 |
|
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449 CLEMENTI AVENUE 3 #01-219 Singapore 120449 |
|
007 |
|
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209 NEW UPPER CHANGI ROAD #04-631 Singapore 460209 |
|
008 |
|
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4 TAMPINES CENTRAL 5 #01-24 TAMPINES MALL Singapore 529510 |
|
009 |
|
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24 RAFFLES PLACE #01-01 CLIFFORD CENTRE Singapore 048621 |
|
010 |
|
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230 VICTORIA STREET #01-21 PARCO BUGIS JUNCTION Singapore 188024 |
|
011 |
|
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208 NEW UPPER CHANGI ROAD #01-693 Singapore 460208 |
|
012 |
|
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10 EUNOS ROAD 8 #B1-04 Singapore 408600 |
|
013 |
|
- |
435 ORCHARD ROAD #01-11 WISMA ATRIA Singapore 238877 |
|
014 |
|
- |
24 RAFFLES PLACE #01-03/04 CLIFFORD CENTRE Singapore 189742 |
|
015 |
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- #01-48/49 JURONG POINT SHOPPING CENTRE Singapore 648886 |
|
016 |
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10 ANSON ROAD #01-35 INTERNATIONAL PLAZA Singapore 079903 |
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017 |
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1 RAFFLES LINK #B1-29 CITYLINK MALL Singapore 039393 |
|
018 |
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2 JURONG EAST STREET 21 #01-28 IMM BLDG Singapore 609601 |
|
019 |
|
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1 JURONG WEST CENTRAL 2 #01-29/A JURONG POINT SHOPPING CENTRAL Singapore 648886 |
|
020 |
|
- |
3 TEMASEK BOULEVARD #01-056 SUNTEC CITY MALL Singapore 038983 |
|
021 |
|
|
520 LORONG 6 TOA PAYOH #01-63 Singapore 310520 |
|
022 |
|
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930 YISHUN AVENUE 2 #B1-18 NORTHPOINT Singapore 769098 |
|
023 |
|
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80 MARINE PARADE ROAD #01-02 PARKWAY PARADE Singapore 449269 |
|
024 |
|
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180 BENCOOLEN STREET #01-16 BENCOOLEN, THE Singapore 189646 |
|
025 |
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2 TAMPINES CENTRAL 5 #01-27/28 CENTURY SQUARE Singapore 529509 |
|
026 |
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302 TIONG BAHRU ROAD #01-09 TIONG BAHRU PLAZA Singapore 168732 |
|
027 |
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1 PARK ROAD #01-52 PEOPLE'S PARK COMPLEX Singapore 059108 |
|
028 |
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6 RAFFLES BOULEVARD #02-135 MARINA SQUARE Singapore 039594 |
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029 |
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111 NORTH BRIDGE ROAD #01-36/37 PENINSULA PLAZA Singapore 179098 |
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030 |
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435 ORCHARD ROAD #B1-41 WISMA ATRIA Singapore 238877 |
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031 |
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442 CLEMENTI AVENUE 3 #01-89 Singapore 120442 |
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032 |
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520 LORONG 6 TOA PAYOH #1-58 HDB HUB Singapore 310520 |
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033 |
|
- |
68 ORCHARD ROAD #01-27 PLAZA SINGAPURA Singapore 238839 |
|
034 |
|
- |
9 BISHAN PLACE #02-02 JUNCTION 8 SHOPPING CENTRE Singapore 579837 |
|
035 |
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90 HOUGANG AVENUE 10 #01-33 NTUC HOUGANG MALL Singapore 538766 |
|
036 |
|
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6 RAFFLES BOULEVARD #02-150 MARINA SQUARE Singapore 039594 |
|
037 |
|
- |
2 JURONG EAST STREET 21 #01-116 IMM BUILDING Singapore 609601 |
|
038 |
|
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1 HARBOURFRONT WALK #02-162 VIVO CITY Singapore 098585 |
|
039 |
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6 EU TONG SEN STREET #01-50 Singapore 059817 |
|
040 |
|
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1 JELEBU ROAD #02-18 BUKIT PANJANG PLAZA Singapore 677743 |
|
042 |
|
- |
80 MARINE PARADE ROAD #B1-11 PARKWAY PARADE Singapore 449269 |
|
043 |
|
- |
230 VICTORIA STREET #01-24 BUGIS JUNCTION Singapore 188024 |
|
044 |
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6 RAFFLES BOULEVARD #02-191 MARINA SQUARE Singapore 039594 |
|
045 |
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1 WOODLANDS SQUARE #01-37 CAUSEWAY POINT Singapore 738099 |
|
046 |
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53 ANG MO KIO AVENUE 3 #01-07 AMK HUB Singapore 569933 |
|
047 |
|
- |
90 HOUGANG AVENUE 10 #01-23/24 HOUGANG MALL Singapore 538766 |
|
048 |
|
- |
63 JURONG WEST CENTRAL 3 #01-64/65 CENTRIS, THE Singapore 648331 |
|
049 |
|
- |
1 HARBOURFRONT WALK #01-183 VIVO CITY Singapore 098585 |
|
050 |
|
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10 TAMPINES CENTRAL 1 # TAMPINES ONE Singapore 529536 |
|
051 |
|
- |
930 YISHUN AVENUE 2 #01-29/30 NORTHPOINT Singapore 769098 |
|
052 |
|
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181 ORCHARD ROAD #01-04&23 ORCHARD CENTRAL Singapore 238896 |
|
053 |
|
- |
2 ORCHARD TURN #B2-66 ION ORCHARD Singapore 238801 |
|
054 |
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80 MARINE PARADE ROAD #B1-64 PARKWAY PARADE Singapore 449269 |
|
055 |
|
- |
313 ORCHARD ROAD #B 313 @ SOMERSET Singapore 238895 |
|
056 |
|
- |
4 TAMPINES CENTRAL 5 #01-25/26 TAMPINES MALL Singapore 529510 |
|
057 |
|
- |
2 BAYFRONT AVENUE #B2-235 Singapore 018972 |
|
058 |
|
- |
2 BAYFRONT AVENUE #B2-225 Singapore 018972 |
|
059 |
|
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23 SERANGOON CENTRAL #01-42/43 NEX Singapore 556083 |
|
060 |
|
- |
23 SERANGOON CENTRAL #01-41 NEX Singapore 556083 |
|
061 |
|
- |
1 WOODLANDS SQUARE #01-29 CAUSEWAY POINT Singapore 738099 |
|
Name: |
SKJ
GROUP PTE. LTD. |
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% of
Shares: |
100% |
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ID
Number: |
201009787K |
|
Address: |
51
KAKI BUKIT PLACE EUNOS
TECHPARK Singapore 416228 |
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Date
of Change of Address: |
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Nationality: |
Rep
of Singapore |
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Date
of Appointment: |
|
Parent Company:
|
Name: |
SKJ
GROUP PTE. LTD. |
Detailed Information of Management:
|
1 |
|
|
Name: |
LIM
YONG GUAN |
|
Position: |
Manager |
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ID
Number: |
S1454439I |
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Address: |
11
PESARI WALK Singapore 487622 |
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Date
of Change of Address: |
|
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Nationality: |
Singapore
Citizen |
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Date
of Appointment: |
|
Offices & Factories
|
|
Office |
|
Address: |
Production Information
l
Subject is a trader of jewelry and accessories
and the related products without any production activities
Purchase
l
The productions are purchased from both
local and abroad.
Sales Information
l
Subject is mainly engaged in trading of
jewelry and the related products.
l
Subject is a jewellery chain store in
Singapore and Malaysia.
l
Subject is also a distributor of the
Brilliant Rose diamonds in Singapore and Malaysia.
l
Subject introduced that the products
can purchase as the customer’s demand.
l
Subject’s selling territory mainly
covers Singapore and Malaysia.
Purchase
Subject declined to disclose the
purchase settlements information, and from other sources, we couldn’t obtain
the information, either.
Subject introduced that Cash, Check,
Credit Card are available as the sale settlement, but subject declined to
disclose more details about the information.
In Singapore, Sole
Proprietorship 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.
|
Interview
Date: |
|
|
Name: |
N/A |
Note:
A lady declined to disclose her name.
-
From time immemorial, India is well known in the world
as the birthplace for diamonds. It is difficult to trace the origin of
diamonds but history says that in the remote past, diamonds were mined only in
India. Diamond production in India can be traced back to almost 8th
Century B.C. India, in fact, remained undisputed leader till 18th
Century when Brazilian fields were discovered in 1725 followed by emergence of
S. Africa, Russia and Australia.
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The achievement of the Indian diamond industry was
possible only due to combination of the manufacturing skills of the Indian
workforce and the untiring and unflagging efforts of the Indian diamantaires,
supported by progressive Government policies.
-
The area of study of family owned diamond businesses
derives its importance from the huge conglomerate of family run organizations
which operate in the diamond industry since many generations.
-
Some of the basic traits of family run business
enterprises include spirit of entrepreneurship, mutual trust lowers transaction
costs, small, nimble and quick to react, information as a source of advantage
and philanthropy.
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Family owned diamond businesses need to improve on
many fronts including higher standard of corporate governance, long-term
performance – focused strategies, modern management and technology.
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The diamond jewellery industry in India today may be
more than Rs 60000 mil and is rated amongst the fastest growing in the
world. Indi ranks third in the world in domestic diamond consumption.
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Utmost caution is to be exercised while dealing with
some medium and large diamond traders which are usually engaged in fictitious
import – export, inter-company transactions, financially assisted by banks. In
the process, several public sector banks lost several hundred million rupees.
They mostly diverted borrowed money for diamond business into real estate and
capital markets.
-
Excerpts from Times of India dated 30th
October 2010 is as under –
DIAMOND SAGA – DIRTY DOZEN STUCK WITH 2K CR DEBT
This could be the biggest credibility crisis
the Indian diamond industry has ever faced. Fifteen banks run the risk of
losing Rs 2000 crore lent to a dozen diamond firms in Surat. Until about two
months ago, they had not repaid these dues. Bankers believe many
diamantaires borrowed money during the economic downturn two years ago and
diverted funds to businesses like real estate and capital markets. Many of
themselves made money from these businesses but their diamond companies have
gone sick and declared insolvency.
-
Most of the money borrowed from the banks in the name
of their diamond business has been diverted in real estate and the share
market. The banks are not in a position to seize their properties because in
many cases, these were purchased in the name of their relatives and friends.
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 : |
PDT |
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.