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Report Date : |
20.09.2012 |
IDENTIFICATION DETAILS
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Name : |
DSCFRIVARSO |
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Registered Office : |
391B Orchard Road, #13-09, Ngee Ann City Tower B Singapore 238874 |
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Country : |
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Date of Incorporation : |
04.03.2009 |
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Com. Reg. No.: |
200903837K |
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Legal Form : |
Limited Exempt Private Company |
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Line of Business : |
Wholesale of scrap, junk and waste dealers |
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No. of Employees : |
About 10 Employees |
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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 – March 31st, 2012
|
Country Name |
Previous Rating (31.12.2011) |
Current Rating (31.03.2012) |
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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: |
Dscfrivarso Singapore Pte.
Ltd. |
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Supplied Name: |
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Supplied
Address: |
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Fax Number: |
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Credit Opinion: |
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Registered Name: |
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Registered
Address: |
391B Orchard Road, #13-09, Ngee Ann City Tower B Singapore 238874 |
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Date of
Registration:: |
2009-3-4 |
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Registered
Number: |
200903837K |
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Country of
Incorporation: |
Singapore |
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Registered
Capital: |
SGD 1 (USD
0.8161) (As of 2012.09,
1 SGD = 0.8161 USD) |
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Paid-up Capital: |
SGD 1 (USD
0.8161) = 1 Shares@1 SGD |
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Legal Form: |
Limited Exempt
Private Company |
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Principal
Activities: |
46651 Wholesale of
scrap, junk and waste dealers 46620 Wholesale of metals
and metal ores except general hardware (eg steel pipes) |
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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: |
-- |
Subject was incorporated on 2009-3-4 with registered number 200903837K as
Limited Exempt Private Company in Singapore.
|
Subscription Amount |
Proportion of Investment (%) |
|
|
Norazlin Bte
Abdul Hamid |
1 |
100% |
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Total |
1 |
100% |
Major Shareholder
Information:
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Name: |
Norazlin Bte
Abdul Hamid |
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ID Number: |
S8018339I |
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Address: |
546 Bedok North
Street 3 #09-1416 Singapore 460546 |
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Nationality: |
Singapore
Citizen |
Offices
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1 |
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Address: |
Bo Los Mangos,
1st Street 4th Avenue, Puerto Cortes, Honduras |
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2 |
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Address: |
1890 N. Hoagland
Blvd Kissimmee Fl 34741 |
Detailed
Information of Management:
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1 |
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Name: |
Norazlin Bte
Abdul Hamid |
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Position: |
Director |
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ID Number: |
S8018339I |
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Address: |
546 Bedok North
Street 3, #09-1416, Singapore 460546 |
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Nationality: |
Singapore
Citizen |
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Date of
Appointment: |
2012-6-26 |
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2 |
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Name: |
Mohamad Bin
Abdullah |
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Position: |
Secretary |
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ID Number: |
S0497764E |
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Address: |
350 Woodlands
Avenue 3, #03-93, Singapore 730350 |
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Nationality: |
Singapore
Citizen |
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Date of
Appointment: |
2009-3-4 |
Personnel
Structure
|
Total Employees |
Offices
& Factories
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Office |
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Address: |
Production
Information
l
Subject is a trader of waste metals, etc without
any production activities.
Purchase
Information
l
It is introduced that subject purchases products
from abroad such as Central America, etc.
Sales
Information
l
Subject is engaged in sales of waste metals, etc.
l
Subject’s sales regions include America, Europe,
Southeast Asia, and Africa, etc.
l
It is introduced that subject has warehouse in
Central America.
Major products
sold
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|
Product |
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1 |
Aluminum Engine
Scrap |
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2 |
Scrap Aluminum
Engine Blocks |
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3 |
Stainless Steel
Scrap |
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4 |
Aluminum Scrap |
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5 |
Aluminum
Transmission Scrap |
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6 |
Aluminum Scrap
Metal |
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7 |
Taint Tabor
Scrap |
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8 |
Aluminum Scrap
Taint Tabor |
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9 |
Iron Engine
Scrap |
Purchase
Domestic Markets
Subject has little
domestic purchase.
Overseas Markets
|
Products |
Payment Terms |
Proportion |
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Waste metals,
etc. |
CBD, etc |
100% |
Domestic Markets
|
Sales Terms |
Proportion |
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Waste metals,
etc. |
COD, CBD, etc |
100% |
Overseas Markets
|
Product |
Sales Terms |
Proportion |
|
Waste metals,
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.
Subject declined to disclose its bank details; from other source we cannot
obtain the relevant information, either.
|
Name: |
Mr. Azmann |
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Department: |
Sales Department |
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.54.26 |
|
|
1 |
Rs.88.14 |
|
Euro |
1 |
Rs.71.03 |
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.