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Report Date : |
05.11.2012 |
IDENTIFICATION DETAILS
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Name : |
STAR ASIA FAR EAST (SINGAPORE) PTE LTD |
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Registered Office : |
18 Boon Lay Way #10-109 Tradehub 21 Singapore 609966 |
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Country : |
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Financials (as on) : |
31.12.2004 |
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Date of Incorporation : |
18.02.2000 |
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Com. Reg. No.: |
200001322E |
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Legal Form : |
Limited Exempt Private Company |
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Line of Business : |
Wholesale of basic industrial chemicals (except fertilisers) |
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No. of Employees : |
Not Available |
RATING & COMMENTS
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MIRA’s Rating : |
Ba |
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With Financials |
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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 – June 30th, 2012
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Country Name |
Previous Rating (31.03.2011) |
Current Rating (30.06.2012) |
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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 |
SINGAPORE - ECONOMIC OVERVIEW
Singapore has a highly
developed and successful free-market economy. It enjoys a remarkably open and
corruption-free environment, stable prices, and a per capita GDP higher than
that of most developed countries. The economy depends heavily on exports,
particularly in consumer electronics, information technology products,
pharmaceuticals, and on a growing financial services sector. Real GDP growth
averaged 8.6% between 2004 and 2007. The economy contracted 1.0% in 2009 as a
result of the global financial crisis, but rebounded 14.8% in 2010 and 4.9% in
2011, on the strength of renewed exports. Over the longer term, the government
hopes to establish a new growth path that focuses on raising productivity,
which has sunk to a compound annual growth rate of just 1.8% in the last
decade. Singapore has attracted major investments in pharmaceuticals and
medical technology production and will continue efforts to establish Singapore
as Southeast Asia's financial and high-tech hub.
Source : CIA
Notes: Subject’s exact name and address are as
above.
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Credit Opinion: |
Notes: Subject declined to disclose its staff number, and from other source we can not obtain the relevant information.
Subject was incorporated on
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Subscription
Amount |
Proportion of
Investment (%) |
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26,000 |
26% |
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SANJEEV KUMAR
GUPTA |
38,280 |
38.28% |
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SPARSH CHANDAN |
17,860 |
17.86% |
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SUBHAGYA SINGH |
17,860 |
17.86% |
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Total |
100,000 |
100% |
Major Shareholder
Information:
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1 |
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Name: |
Jalla Sunita |
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ID Number: |
S2686051B |
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Address: |
56 Toh Tuck Road #07-09 Signature Park Singapore
596746 |
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2 |
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Name: |
Sanjeev Kumar Gupta |
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ID Number: |
Z1010781 |
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Address: |
11TH Floor Asoke Towers Sukhumvit 21 Road
Klongtoey Nua Wattana Bangkok 10110 Thailand |
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3 |
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Name: |
Sparsh Chandan |
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ID Number: |
Z1444654 |
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Address: |
40/30 13B Fairview Tower Sukhumvit SOI 18
Klongtoey Bangkok 10110 Thailand |
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4 |
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Name: |
Subhagya Singh |
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ID Number: |
Z1579001 |
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Address: |
40/30 13B Fairview Tower Sukhumvit SOI 18
Klongtoey Bangkok 10110 Thailand |
It is introduced that the headquarter of subject’s group is in Bangkok, Thailand and subject has over 10 related sourcing offices in China, India, US, Canada, Europe (3) and Brazil, etc while the details are not disclosed.
Detailed
Information of Management:
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1 |
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Name: |
Jalla Sunita |
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Position: |
Director |
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ID Number: |
S2686051B |
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Address: |
56 Toh Tuck Road #07-09 Signature Park Singapore
596746 |
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Nationality: |
Singapore P.R. |
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Date of Appointment: |
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2 |
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Name: |
Sanjeev Kumar Gupta |
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Position: |
Director |
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ID Number: |
Z1010781 |
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Address: |
11TH Floor Asoke Towers Sukhumvit 21 Road
Klongtoey Nua Wattana Bangkok 10110 Thailand |
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Nationality: |
Indian |
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Date of Appointment: |
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Name: |
Clifford Emmanuel Germain Abayasekara |
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Position: |
Secretary |
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ID Number: |
S2191478I |
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Address: |
407B Fernvale Road #04-13 Singapore 792407 |
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Nationality: |
Singapore Citizen |
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Date of Appointment: |
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Offices
& Factories
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|
Office |
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Address: |
18 Boon Lay Way
#10-109 Tradehub 21 Singapore 609966 |
Production
Information
l
Subject is a trader of Industrial, pharmaceuticals,
pharmaceutical raw materials and fine and bulk chemicals, etc
Purchase
Information
l
Subject purchases products both at home and abroad
and its purchasing business spreads over the world through the related offices
and itself.
Sales
Information
l
Subject is engaged in sales of Polyols, 1, 4 BDO,
PTMEG, Epoxies, Reactive Diluents etc for the PU / Elastomer / Epoxy
Industries, etc
l
Subject’s products are both sold in domestic and
overseas market.
Major selling
items of the group:
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1 |
ACETOGUANAMINE(CHI-CZQ) |
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2 |
ACETOGUANAMINE(CHI-TTF) |
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3 |
ACETOGUANAMINE(USA-CRN) |
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4 |
ACETYL TRIBUTYL CITRATE(ATBC)-CHI-JLC |
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5 |
ADIPIC ACID-99.8% |
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6 |
ADIPIC ACID (FIRST GRADE) UKR-ORZ |
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7 |
ADIPIC ACID (TOP GRADE) UKR-ORZ |
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8 |
ACETIC ACID (CHI-LJAI) |
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9 |
ACRYLONITRILE |
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10 |
ALKALINE PHENOL CATALYST 125(THA-KIC) |
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11 |
ALKALINE PHENOL RESIN 654T(THA-KIC) |
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12 |
ALPHA AMYLASE |
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13 |
ALUMINIUM HYDROXIDE |
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14 |
ALUMINIUM SULPHATE (CHI-HHM) |
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15 |
AMMONIUM CHLORIDE(TECHNICAL GRADE)(CHI-SLC) |
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16 |
AMMONIUM NITRATE CRYSTAL - CHI-LIC |
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17 |
AMMONIUM NITRATE (TECHNICAL GRADE)(CHI-TNP) |
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18 |
AMMONIUM PERSULFATE(CHI-HYE) |
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19 |
AMMONIUM PERSULPHATE(CHI-HYEC) |
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20 |
AMMONIUM SULFATE FOR AGRICULTURAL GRADE(CHI-JSX) |
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21 |
AMMONIUM SULFATE FOR TECHNICAL GRADE(CHI-JSX) |
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22 |
ANITMONY TRIOXIDE |
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23 |
ASCORBIC ACID BP/USP GRADE(COATED) |
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24 |