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Report Date : |
21.11.2012 |
IDENTIFICATION DETAILS
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Name : |
IPL PTE. LTD. |
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Registered Office : |
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Country : |
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Date of Incorporation : |
05.03.2008 |
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Com. Reg. No.: |
200804406R |
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Legal Form : |
Limited Exempt Private Company |
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Line of Business : |
General Wholesale Trade (Including General Importers And
Exporters) |
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No. of Employees : |
Not Available |
RATING & COMMENTS
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MIRA’s Rating : |
B |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
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 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
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.
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Source : CIA |
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Company Name: |
IPL PTE. LTD. |
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Supplied Name: |
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Supplied Address: |
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Fax Number: |
Notes: Subject’s exact name is as above and the supplied address is secretary address, subject’s staff supplied the trading address as above.
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Credit Opinion: |
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Registered Name: |
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Registered Address: |
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Date of Registration:: |
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Registered Number: |
200804406R |
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Country of Incorporation: |
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Registered Capital: |
SGD 12,500,000 (USD 10,070,000) (As of 2012.09, 1 SGD = 0.8056 USD) |
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Paid-up Capital: |
SGD 12,500,000 (USD 10,070,000) = 12,500,000 Shares@1 SGD |
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Legal Form: |
Limited Exempt Private Company |
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Principal Activities: |
46900--General Wholesale Trade (Including General
Importers And Exporters) |
|
N/A |
|
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Status: |
Live Company |
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Listed at Stock Exchange: |
No |
|
Date
of Last Annual Return: |
|
Notes: Subject declined to disclose the staff number; from other source we can not obtain the relevant information.
Subject was incorporated on
|
Subscription Amount |
Proportion of Investment (%) |
|
|
12,450,000 |
99.6% |
|
|
Ragini Dhanvantray |
50,000 |
0.4% |
|
Total |
12,500,000 |
100% |
Major Shareholder Information:
|
1 |
|
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Name: |
Yeo Soon Seng |
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ID Number: |
S1367334I |
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Address: |
299 Punggol Central #13-453 |
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2 |
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Name: |
Ragini Dhanvantray |
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ID Number: |
S |
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Address: |
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Detailed Information of Management:
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1 |
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Name: |
Toh Hun Ngin |
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Position: |
Director |
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ID Number: |
S |
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Address: |
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Nationality: |
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Date of Appointment: |
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2 |
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Name: |
Yeo Soon Seng |
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Position: |
Director |
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ID Number: |
S1367334I |
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Address: |
299 Punggol
Central #13-453 |
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Nationality: |
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Date of Appointment: |
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3 |
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Name: |
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Position: |
Secretary |
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ID Number: |
S7077960I |
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Address: |
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Nationality: |
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Date of Appointment: |
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4 |
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Name: |
Masdewiana
Binte Mohd Kasim |
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Position: |
Secretary |
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ID Number: |
S7935914I |
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Address: |
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Nationality: |
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Date of Appointment: |
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5 |
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Name: |
Dinesh Ramaraju |
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Position: |
Director |
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ID Number: |
S |
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Address: |
121B Rivervale
Drive #13-426 |
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Nationality: |
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Date of Appointment: |
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Offices & Factories
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Office |
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Address: |
Production Information
l Subject is a trader of multiple goods without any production activities.
Purchase Information
l Subject’s purchasing all depends on the specific conditions and it is introduced that subject mainly sources from foreign countries.
Sales Information
l Subject is engaged in sales of multiple goods including bitumen, etc
l
Subject’s products are sold in domestic market
of
Purchase
Domestic Markets
Subject has little domestic purchase
Overseas Markets
|
Products |
Payment Terms |
Proportion |
|
Multiple Goods |
CBD, etc |
100% |
Domestic Markets
|
Sales Terms |
Proportion |
|
|
Multiple Goods |
CBD, COD, etc |
100% |
Overseas Markets
Subject has little export.
In Singapore,
Limited Exempt Private Companies are not obligated to submit their financial
statements to the local registry. We did not find any financials of subject from
the local registry, the subject also declined to disclose such information due
to the confidentiality reason.
Bank Charges
|
1 |
|
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Charge Number |
C200808176 |
|
Date of Registration |
|
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Name |
Malayan Banking Berhad |
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Amount Secured |
All Monies |
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2 |
|
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Charge Number |
C200903084 |
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Date of Registration |
|
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Name |
Malayan Banking Berhad |
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Amount Secured |
All Monies |
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3 |
|
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Charge Number |
C201005235 |
|
Date of Registration |
|
|
Name |
Cimb Bank Berhad |
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Amount Secured |
All Monies |
|
Name: |
CHEW WHYE LEE & CO |
|
Position: |
Staff |
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.54.91 |
|
UK Pound |
1 |
Rs.87.38 |
|
Euro |
1 |
Rs.70.24 |
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 |
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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 |
|
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.