MIRA INFORM REPORT

 

 

Report Date :

12.09.2012

 

IDENTIFICATION DETAILS

 

Name :

PAN ASIA INTERCONTINENTAL PTE. LTD.

 

 

Registered Office :

141 Cecil Street, #02-04, Tung Ann Association Building Singapore 069541

 

 

Country :

Singapore

 

 

Date of Incorporation :

11.10.2010

 

 

Com. Reg. No.:

201021705M

 

 

Legal Form :

Limited Exempt Private Company

 

 

Line of Business :

General trading (including general importers and exporters)

Commission agents, trading in properties

 

 

No. of Employees :

Not Available 

 

RATING & COMMENTS

 

MIRA’s Rating :

Ca

 

RATING

STATUS

PROPOSED CREDIT LINE

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

 

Status :

Moderate

Payment Behaviour :

Unknown

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

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

 

Company Name:

Pan Asia Intercontinental Pte. Ltd.

Supplied Name:

PAN ASIA INTERCONTINENTAL PTE LTD.

Supplied Address:

141, Cecil Street, Tung Ann Association Building #02-04, Singapore 069541

 

 

Credit Summary

 

Credit Opinion:

In view of the absence of information about subject’s operation, caution should be exercised.

 

 

Special Note

 

According to the supplied name and address, we can not find any operation information or valid contact information of subject from public files.

 

Registration files show subject’s principal activities as follows, but the information is not confirmed by subject.

46900

General trading (including general importers and exporters)

--

Commission agents, trading in properties

 

Up to the deadline of reporting, we failed to get in touch with subject. If you can supply a current telephone or fax number, we’d like to have the investigation resumed.

 

We found subject’s registration information as follows for reference.

 

 

Company Identification Details

 

Registered Name:

Pan Asia Intercontinental Pte. Ltd.

Registered Address:

141 Cecil Street, #02-04, Tung Ann Association Building Singapore 069541

Date of Registration::

2010-10-11

Registered Number:

201021705M

Country of Incorporation:

Singapore

Registered Capital:

USD 400,000.00

SGD 2.00 (USD 1.6184)

(As of 2012.09, 1 SGD = 0.8092 USD)

Paid-up Capital:

USD 400,000.00 = 400,000 Shares@1 USD

SGD 2.00 = 2 Shares@2 SGD

Legal Form:

Limited Exempt Private Company

Principal Activities:

46900

General trading (including general importers and exporters)

--

Commission agents, trading in properties

Staff:

N/A

Status:

Live Company

Listed at Stock Exchange:

No

Date of Last Annual Return:

2011-11-23

 

Note: We couldn’t contact the subject successfully, and the number of staff is not available from the subject or other sources.

 

History

 

Subject was incorporated on 2010-10-11 with registered number 201021705M as Limited Exempt Private Company in Singapore.

 

Shareholders

 

Name

Subscription Amount

Proportion of Investment (%)

Ajay Kumar Dhar

SGD 1

50%

Tanu Merh

SGD 1

50%

Total

SGD 2

100%

 

Ajay Kumar Dhar

USD 200,000

50%

Tanu Merh

USD 200,000

50%

Total

USD 400,000

100%

 

Major Shareholder Information:

1

Name:

Ajay Kumar Dhar

ID Number:

S2699761E

Address:

55 Merryn Road Dunearn Estate Singapore 298503

Nationality:

Singapore Citizen

2

Name:

Tanu Merh

ID Number:

S7182245A

Address:

55 Merryn Road Dunearn Estate Singapore 298503

Nationality:

Singapore P.R.

 

 

Subsidiaries & Branches

 

Subject did not register any subsidiaries or branches, from other source we can not obtain the relevant information, either.

 

 

Management Information

 

Core Management

Detailed Information of Management:

1

Name:

Ajay Kumar Dhar

Position:

Director

ID Number:

S2699761E

Address:

55 Merryn Road, Dunearn Estate Singapore 298503

Nationality:

Singapore Citizen

Date of Appointment:

2010-10-11

2

Name:

Tanu Merh

Position:

Director

ID Number:

S7182245A

Address:

55 Merryn Road, Dunearn Estate Singapore 298503

Nationality:

Singapore P.R.

Date of Appointment:

2010-10-11

3

Name:

Autar Krishen Dhar

Position:

Director

ID Number:

Z021928

Address:

58/1 Ballygunge Circular Road, Flat 101a, Saptaparni Building, Kolkata - 700019

Nationality:

Indian

Date of Appointment:

2010-10-11

4

Name:

M Sambasivam

Position:

Secretary

ID Number:

S1650785G

Address:

204 Marsiling Drive, #12-192, Singapore 730204

Nationality:

Singapore Citizen

Date of Appointment:

2010-10-11

 

 

Operation Information

 

Offices & Factories

 

Office

Registered Address:

141, Cecil Street, Tung Ann Association Building #02-04, Singapore 069541

 

Operation Information

Registration files show subject’s principal activities as follows, but the information is not confirmed by subject.

46900

General trading (including general importers and exporters)

--

Commission agents, trading in properties

 

Settlements

 

We couldn’t contact the subject successfully, and the settlement information is not available from the subject or other sources.

 

 

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,

 

We couldn’t contact the subject successfully, and the financial information is not available from the subject or other sources.

 

 

Bankers

 

Bank Charges

Charge 1

Charge Number:

C201011741

Date of Registration:

2010-12-3

Name:

Malayan Banking Berhad

Amount Secured:

All Monies

Charge 2

Charge Number:

C201011742

Date of Registration:

2010-12-3

Name:

Malayan Banking Berhad

Amount Secured:

All Monies

 

 

Auditors

 

Name:

S C Mohan & Associates

 

FOREIGN EXCHANGE RATES

 

Currency
Unit

Indian Rupees

US Dollar

1

Rs.55.52

UK Pound

1

Rs.88.85

Euro

1

Rs.70.85

 

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

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%)

PRIVATE & CONFIDENTIAL : This information is provided to you at your request, you having employed MIPL for such purpose. You will use the information as aid only in determining the propriety of giving credit and generally as an aid to your business and for no other purpose. You will hold the information in strict confidence, and shall not reveal it or make it known to the subject persons, firms or corporations or to any other. MIPL does not warrant the correctness of the information as you hold it free of any liability whatsoever. You will be liable to and indemnify MIPL for any loss, damage or expense, occasioned by your breach or non observance of any one, or more of these conditions

This report is issued at your request without any risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL) or its officials.