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Report Date : |
02.10.2012 |
IDENTIFICATION DETAILS
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Name : |
GLOBAL EMB-TECH PTE LTD |
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Registered Office : |
209 Henderson Road, #03-02, Henderson Industrial Park Singapore 159551 |
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Country : |
Singapore |
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Date of Incorporation : |
08.01.1998 |
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Com. Reg. No.: |
199800116E |
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Legal Form : |
Limited Exempt Private Company |
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Line of Business : |
Wholesale of sewing and clothing accessories (eg button, thread, lace, zip) |
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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 |
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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 (31.03.2011) |
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
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Company Name: |
Global Emb-Tech
Pte Ltd |
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Supplied Name: |
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209 Henderson Road, #03-02, Henderson Industrial Park Singapore 159551 |
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Supplied
Address: |
209 Henderson Road, 03-02 Henderson Industrial Park, Singapore 159551 |
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Fax Number: |
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Credit Opinion: |
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Registered Name: |
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Registered
Address: |
209 Henderson Road, #03-02, Henderson Industrial Park Singapore 159551 |
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Date of
Registration:: |
1998-1-8 |
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Registered
Number: |
199800116E |
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Country of
Incorporation: |
Singapore |
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Registered
Capital: |
SGD 100,000.00
(USD 81,570) (As of 2012.09, 1
SGD = 0.0.8157 USD) |
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Paid-up Capital: |
SGD 100,000.00
(USD 81,570) = 100,000 Shares@1 SGD |
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Legal Form: |
Limited Exempt
Private Company |
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Principal
Activities: |
46416 Wholesale of
sewing and clothing accessories (eg button, thread, lace, zip) |
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N/A |
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Status: |
Live Company |
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Listed at Stock
Exchange: |
No |
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Date of Last
Annual Return: |
2011-7-26 |
Note: Subject declined
to disclose its staff number; from other source we cannot obtain the relevant
information, either.
Subject was incorporated on 1998-1-8 with registered number 199800116E as
Limited Exempt Private Company in Singapore.
|
Subscription Amount |
Proportion of Investment (%) |
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Mr Noboru Ito |
90,000 |
90% |
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Lim Poh Khiem Jenny |
10,000 |
10% |
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Total |
100,000 |
100% |
Major Shareholder
Information:
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1 |
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Name: |
Mr Noboru Ito |
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ID Number: |
F0389746W |
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Address: |
38 Dover Rise
#04-10 Dover Parkview Singapore 138684 |
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Nationality: |
Japanese |
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2 |
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Name: |
Lim Poh Khiem
Jenny |
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ID Number: |
S1493928H |
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Address: |
22 Parry Road
Parry Park Singapore 547203 |
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Nationality: |
Singapore
Citizen |
Detailed
Information of Management:
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1 |
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Name: |
Mr Noboru Ito |
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Position: |
Director |
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ID Number: |
F0389746W |
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Address: |
38 Dover Rise,
#04-10, Dover Parkview Singapore 138684 |
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Nationality: |
Japanese |
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Date of
Appointment: |
1998-1-8 |
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2 |
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Name: |
Lim Poh Khiem
Jenny |
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Position: |
Director |
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ID Number: |
S1493928H |
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Address: |
22 Parry Road, Parry
Park Singapore 547203 |
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Nationality: |
Singapore
Citizen |
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Date of
Appointment: |
1998-1-8 |
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3 |
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Name: |
Tan Hong Chuan |
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Position: |
Secretary |
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ID Number: |
S0198970G |
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Address: |
1 Taman Serasi, #05-07,
Botanic Gardens View Singapore 257717 |
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Nationality: |
Singapore
Citizen |
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Date of
Appointment: |
2011-3-9 |
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4 |
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Name: |
Lai Jin Foh |
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Position: |
Secretary |
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ID Number: |
S0452067Z |
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Address: |
734 Tampines Street
71, #10-99, Singapore 520734 |
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Nationality: |
Singapore
Citizen |
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Date of
Appointment: |
2010-9-17 |
Offices
& Factories
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|
Office |
|
Address: |
209 Henderson Road, #03-02, Henderson Industrial Park Singapore 159551 |
Production
Information
l Subject is a
trader of clothing, footwear, leather goods and embroidery machines, etc
without any production activities.
Purchase
Information
l Subject purchases
products mostly from abroad such as India, etc.
Sales
Information
l Subject is engaged
in sales of clothing, footwear, leather goods and embroidery machines, etc.
l Subject’s sales
regions include Singapore domestic market and its neighboring countries.
l The major types of
embroidery machines sold by subject include cloth baling press, double needle
lockstitch sewing machine, taping coiling embroidery machine, schiffli sampling
machine, etc.
Purchase
Domestic Markets
Subject has little
domestic purchase.
Overseas Markets
|
Products |
Payment Terms |
Proportion |
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Clothing,
machine, etc |
CBD, etc |
100% |
Domestic Markets
|
Sales Terms |
Proportion |
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|
Clothing,
machine, etc |
COD, CBD, etc |
100% |
Overseas Markets
|
Product |
Sales Terms |
Proportion |
|
Clothing,
machine, etc |
CBD, etc |
100% |
In Singapore, Limited Exempt Private Companies are not obligated to submit
their financial statements to the local registry. We did not find the
financials of subject from the local registry,
the subject also declined to disclose such information due to the
confidentiality reason.
Bank Charge
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Charge Number: |
199804808 |
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Date of
Registration: |
1998-9-17 |
|
Name: |
The Development
Bank of Singapore Limited |
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Amount Secured: |
All Monies |
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Name: |
Mjma Pac |
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Department: |
Sales Department |
FOREIGN EXCHANGE RATES
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Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.52.78 |
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|
1 |
Rs.85.16 |
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Euro |
1 |
Rs.67.78 |
INFORMATION DETAILS
|
Report
Prepared by : |
PRL |
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 |
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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 |
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<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.