MIRA
INFORM REPORT
|
Report Date : |
12.10.2012 |
IDENTIFICATION DETAILS
|
Name : |
ESUN INTERNATIONAL PTE. LTD. |
|
|
|
|
Registered Office : |
17 Tractor Road Singapore 627975 |
|
|
|
|
Country : |
Singapore |
|
|
|
|
Date of Incorporation : |
22.11.2007 |
|
|
|
|
Com. Reg. No.: |
200721691H |
|
|
|
|
Legal Form : |
Limited Exempt Private Company |
|
|
|
|
Line of Business : |
Mechanical Engineering Works |
|
|
|
|
No. of Employees : |
About 200 Employees |
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 |
|
Payment Behaviour : |
No Complaints |
|
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 |
|
Moderate |
B1 |
|
High |
B2 |
|
Very High |
C1 |
|
Restricted |
C2 |
|
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.
Company Identification Details
History
Subject was incorporated on
Shareholders
|
Subscription
Amount |
Proportion of
Investment (%) |
|
|
2,500,005 |
50% |
|
|
Lee Poh Choo |
2,500,005 |
50% |
|
Total |
5,000,010 |
100% |
Major Shareholder
Information:
|
1 |
|
|
Name: |
Seah Hock Thiam |
|
ID Number: |
S1764330D |
|
Address: |
11 Jalan Senandong
Swiss Club Park Singapore 288762 |
|
2 |
|
|
Name: |
Lee Poh Choo |
|
ID Number: |
S |
|
Address: |
11 Jalan Senandong
Swiss Club Park Singapore 288762 |
Subsidiaries & Branches
Factory:
|
Registered Address: |
No. 17 Tractor Road
Singapore 627975 |
|
Tel: |
+65-6836-5788 |
|
Fax: |
+65-6836-5766 |
Management Information
Detailed
Information of Management:
|
1 |
|
|
Name: |
Ang Yew Lai |
|
Position: |
Director |
|
ID Number: |
S1720356H |
|
Address: |
35 Dairy Farm Road #08-01 Dairy Farm Estate Phase
3 Singapore 679052 |
|
Nationality: |
Singapore Citizen |
|
Date of Appointment: |
|
|
2 |
|
|
Name: |
Seah Hock Thiam |
|
Position: |
Director |
|
ID Number: |
S1764330d |
|
Address: |
11 Jalan Senandong Swiss Club Park Singapore
288762 |
|
Nationality: |
Singapore Citizen |
|
Date of Appointment: |
|
|
3 |
|
|
Name: |
Lee Poh Choo |
|
Position: |
Director |
|
ID Number: |
S |
|
Address: |
11 Jalan Senandong Swiss Club Park Singapore
288762 |
|
Nationality: |
Singapore Citizen |
|
Date of Appointment: |
|
|
4 |
|
|
Name: |
Chiam Kia Soon |
|
Position: |
Secretary |
|
ID Number: |
S1145200J |
|
Address: |
169 Jalan Jurong Kechil |
|
Nationality: |
Singapore Citizen |
|
Date of Appointment: |
|
%2012-Oct-2012_files/image001.gif)
Personnel
Structure
|
Total Employees |
Operation Information
Offices
& Factories
|
|
Office |
|
Address: |
No. 3 Seng Poh
Road Singapore 168891 |
Production
Information
l
Subject is engaged in recycling of ferrous and
non-ferrous scrap metals and electronic/ electrical scrap materials, etc
l
Subject has recycling factory in Singapore and it
is introduced that subject also has cooperative factory in Malaysia and China,
etc
Purchase
Information
l Subject purchases
both at home and abroad.
l
It is introduced that subject purchases from South
East Asia including Singapore, Malaysia, Indonesia and Thailand, etc
Sales
Information
l Subject is engaged
in sales of ferrous and non-ferrous scrap metals and electronic/ electrical
scrap materials, etc
l
Subject’s products are both sold in domestic and
overseas market and it is introduced that about 95% of subject’s sales focus on
overseas market such as the mainland of
China, Taiwan, Hong Kong, South Korea, India, Japan, Middle East, Malaysia and
USA.
l
It is introduced that subject’s minimum quantity for
export is one 20-feet container.
Settlements
Purchase
Domestic Markets
|
Products |
Payment Terms |
Proportion |
|
Metal scraps,
etc |
COD, etc |
100% |
Overseas Markets
|
Products |
Payment Terms |
Proportion |
|
Metal scraps,
etc |
CBD, etc |
100% |
Domestic Markets
|
Sales Terms |
Proportion |
|
|
Metal scraps, etc |
COD, etc |
100% |
Overseas Markets
|
Product |
Sales Terms |
Proportion |
|
Metal scraps, etc |
CBD, etc |
100% |
Financial Information
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.
Bankers
Bank Charge
|
Charge 1 |
|
|
Charge Number: |
C200903938 |
|
Date of
Registration: |
|
|
Name: |
Malayan Banking
Berhad |
|
Amount Secured: |
All Monies |
|
Charge 2 |
|
|
Charge Number: |
C201003744 |
|
Date of
Registration: |
|
|
Name: |
Malayan Banking
Berhad |
Auditors
|
Name: |
E.M.NG & CO. |
Interview Details
|
Name: |
Ms. Shao |
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.53.07 |
|
|
1 |
Rs.84.94 |
|
Euro |
1 |
Rs.68.23 |
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.