MIRA
INFORM REPORT
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Report Date : |
06.11.2012 |
IDENTIFICATION DETAILS
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Name : |
EXXONMOBIL CHEMICAL |
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Formerly Known As : |
Exxon Chemical Asia Pacific |
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Registered Office : |
1 Harbourfront Place #07-00 Singapore 098633 |
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Country : |
Singapore |
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Date of Incorporation : |
26.05.1999 |
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Com. Reg. No.: |
52893724C |
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Legal Form : |
Sole Proprietorship |
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Line of Business : |
· Other Business Support Services Activities (Eg Administration Of Loyalty Programmes) ·
Trader of petrochemical
products |
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No. of Employees : |
About 10 Employees |
RATING & COMMENTS
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MIRA’s Rating : |
B |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
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Status : |
Moderate |
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Payment Behaviour : |
Unknown |
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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
|
Country Name |
Previous Rating (31.03.2012) |
Current Rating (30.06.2012) |
|
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 |
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
Contact Points
Notes: Subject’s exact name and address are as
above.
Credit
Summary
|
Credit Opinion: |
Business
connections are permissible |
Company
Identification Details
Notes: It is not required
for Sole Proprietorship to register capital.
History
Subject was incorporated on
Change of Name:
|
Date |
Change |
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Exxon Chemical Asia Pacific |
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|
Exxonmobil Chemical Asia Pacific |
Owner
|
Name: |
Exxonmobil Asia Pacific Pte. Ltd. |
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ID Number: |
196800312N |
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Address: |
1 Harbourfront Place #07-00 Harbourfront Tower
One Singapore 098633 |
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Nationality |
Singapore, Rep Of |
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Date of Entry |
|
Withdrawn Owner:
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Name: |
Exxonmobil
Chemical Singapore Private Limited |
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ID Number: |
197301105H |
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Address: |
1 Harbourfront
Place |
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Nationality: |
Singapore, Rep
Of |
|
Date of Entry: |
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Operation
Information
Offices
& Factories
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|
Office |
|
Address: |
1 Harbourfront
Place #07-00 Singapore 098633 |
Production
Information
l
Subject is a trader of petrochemical products and
its group is engaged in manufacture of petrochemical products
Purchase
Information
l
The subject purchases petrochemical products mainly
from its parent company in
Singapore
Sales
Information
l
Subject is engaged in sales of petrochemical
products. And its products include olefins, aromatics, fluids, synthetic
rubber, polyethylene, and polypropylene, oriented polypropylene packaging
films, plasticizers, synthetic lubricant basestocks, additives for fuels and
lubricants, zeolite catalysts and other petrochemical products, etc
l
Subject’s products are both sold in domestic and
foreign markets and its sales regions are mainly in Asia.
Settlements
Purchase
Domestic Markets
|
Products |
Payment Terms |
Proportion |
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Petrochemical
products |
COD, Credit
Sales, etc |
100% |
Overseas Markets
|
Products |
Payment Terms |
Proportion |
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Petrochemical
products |
CBD, etc |
100% |
Domestic Markets
|
Sales Terms |
Proportion |
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Petrochemical products |
CBD, etc |
100% |
Overseas Markets
|
Product |
Sales Terms |
Proportion |
|
Petrochemical products |
CBD, etc |
100% |
Balance
Sheet
Subject has no obligations to disclose its financial statements to the third party according to the relevant policy in Singapore, we did not find any financial from local registry and the only source from which we can obtain the information is the subject itself.
Subject declined to disclose the financials citing the grounds of company’s confidentiality; from other source we can not obtain the relevant information, either.
Bankers
Subject declined to disclose its bank details; from other source we can not obtain the relevant information, either.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.54.08 |
|
UK Pound |
1 |
Rs.86.69 |
|
Euro |
1 |
Rs.69.37 |
INFORMATION DETAILS
|
Report Prepared
by : |
MNL |
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 |
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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.