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Report Date : |
10.09.2012 |
IDENTIFICATION DETAILS
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Name : |
ARON GLOBAL PTE. LTD. |
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Registered Office : |
371 Beach Road, #02-01, Keypoint Singapore 199597 |
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Country : |
Singapore |
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Date of Incorporation : |
30.07.2008 |
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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 : |
About 20 Employees |
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RATING & COMMENTS
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MIRA’s Rating : |
B |
|
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 – March 31st, 2012
|
Country Name |
Previous Rating (31.12.2011) |
Current Rating (31.03.2012) |
|
Singapore |
A1 |
A1 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
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Moderate |
B1 |
|
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
|
Company Name: |
Aron Global Pte.
Ltd. |
|
Supplied Name: |
|
|
371 Beach Road,
#02-01, Keypoint Singapore 199597 |
|
|
Supplied
Address: |
|
|
+65-6294-9240 |
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|
Fax Number: |
+65-6294-9940 |
Note: The exact address
is 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:: |
2008-7-30 |
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Registered
Number: |
200814989C |
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Country of
Incorporation: |
Singapore |
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Registered
Capital: |
SGD 1,000,000.00
(USD 802,900) (As of 2012.09,
1 SGD = 0.8029 USD) |
|
Paid-up Capital: |
SGD 1,000,000.00
(USD 802,900) = 1,000,000 Shares@1 SGD |
|
Legal Form: |
Limited Exempt
Private Company |
|
Principal
Activities: |
General
wholesale trade (including general importers and exporters) |
|
About 20
Employees |
|
|
Status: |
Live Company |
|
Listed at Stock
Exchange: |
No |
|
Date of Last Annual
Return: |
2012-1-25 |
Subject was incorporated on 2008-7-30 with registered number 200814989C as
Limited Exempt Private Company in Singapore.
|
Date |
Change |
|
2012-5-23 |
Aron Global Pte. Ltd. |
|
2008-7-30 |
Renewable Woods Pte. Ltd. |
|
Subscription Amount |
Proportion of Investment (%) |
|
|
Rahul Ahuja |
800,000 |
80% |
|
Reena Ahuja |
200,000 |
20% |
|
Total |
1,000,000 |
100% |
Major Shareholder
Information:
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1 |
|
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Name: |
Rahul Ahuja |
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ID Number: |
S7066750I |
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Address: |
125 Meyer Road
#02-03 Makena, The Singapore 437936 |
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Nationality: |
Singapore P.R. |
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2 |
|
|
Name: |
Reena Ahuja |
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ID Number: |
S7266634H |
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Address: |
125 Meyer Road #02-03
Makena, The Singapore 437936 |
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Nationality: |
Singapore P.R. |
Related Company
|
Name: |
Aron Global Pte.
Ltd. (India) |
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Address: |
Gurukul,
Gandhidham, Gujarat, India |
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Telephone
Number: |
+91-96389-11888 |
Detailed
Information of Management:
|
1 |
|
|
Name: |
Rahul Ahuja |
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Position: |
Director |
|
ID Number: |
S7066750I |
|
Address: |
125 Meyer Road,
#02-03, Makena, The Singapore 437936 |
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Nationality: |
Singapore P.R. |
|
Date of
Appointment: |
2008-7-30 |
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2 |
|
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Name: |
Reena Ahuja |
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Position: |
Director |
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ID Number: |
S7266634H |
|
Address: |
125 Meyer Road,
#02-03, Makena, The Singapore 437936 |
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Nationality: |
Singapore P.R. |
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Date of
Appointment: |
2008-10-20 |
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3 |
|
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Name: |
Chan Kwang Cheng |
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Position: |
Secretary |
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ID Number: |
S0011395F |
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Address: |
28 Mar Thoma
Road, #10-01, Singapore 328708 |
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Nationality: |
Singapore
Citizen |
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Date of
Appointment: |
2011-10-4 |
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4 |
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Name: |
Khaw Yio Lok |
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Position: |
Secretary |
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ID Number: |
S1311899Z |
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Address: |
1E Cantonment
Road, #39-57, Pinnacle @ Duxton, The Singapore 085501 |
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Nationality: |
Singapore
Citizen |
|
Date of
Appointment: |
2011-10-4 |
Personnel
Structure
|
Total Employees |
Offices
& Factories
|
|
Office |
|
Registered
Address: |
Production
Information
l
Subject is a trader of wood products and ferrous scrap
melt, etc without any production activities.
Purchase
Information
l
It is introduced that subject purchases products
from Central America
Sales
Information
l
Subject is engaged in sales of wood products.
l
Subject’s sales regions include South Asia, East
Asia, and Middle East, etc.
Purchase
Domestic Markets
Subject has little
domestic purchase.
Overseas Markets
|
Products |
Payment Terms |
Proportion |
|
Wood products,
ferrous scrap melt |
COB, etc |
100% |
Domestic Markets
|
Sales Terms |
Proportion |
|
|
Wood products,
ferrous scrap melt |
COD, COB, etc |
100% |
Overseas Markets
|
Product |
Sales Terms |
Proportion |
|
Wood products,
ferrous scrap melt |
COB, 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.
Open
Account Bank
Bank Charge
|
Charge Number: |
C201004729 |
|
Date of
Registration: |
2010-6-8 |
|
Name: |
Malayan Banking
Berhad |
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Amount Secured: |
All Monies |
|
Name: |
K.C.Chan &
Co Pac |
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.55.52 |
|
|
1 |
Rs.88.49 |
|
Euro |
1 |
Rs.70.20 |
INFORMATION DETAILS
|
Report
Prepared by : |
PRL |
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 |
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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 |
|
-- |
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.