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Report Date : |
28.09.2012 |
IDENTIFICATION DETAILS
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Name : |
BAO YUN PTE. LTD. |
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Registered Office : |
270 Jalan Besar, #01-01/02, Cultural Hotel Singapore 209019 |
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Country : |
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Date of Incorporation : |
17.09.2008 |
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Com. Reg. No.: |
200818378R |
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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 : |
Not Available |
RATING & COMMENTS
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MIRA’s Rating : |
Ca |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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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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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 (31.03.2012) |
Current Rating (30.06.2012) |
|
Singapore |
A1 |
A1 |
|
Risk Category |
ECGC
Classification |
|
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: |
Bao Yun Pte. Ltd. |
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Supplied Name: |
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Supplied
Address: |
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Credit Opinion: |
In view of the absence of information about
subject’s operation, caution should be exercised. |
According to the supplied
address, we found a telephone number +65-6499-8999 from public files.
We tried to contact subject through this telephone number, a
man who answered the phone introduced that his company is Cultural Hotel and
confirmed the supplied address belongs to his hotel and he never heard the name
of subject.
We can not find any operation information or other valid contact information of subject from public files according to supplied name and address.
Registration files show subject’s principal activities as follows, but the information is not confirmed by subject.
46900--General wholesale trade including general importers and exporters
Up to the date of reporting, we failed to get in touch with subject. If you can supply a current telephone number, we’d like to have the investigation resumed.
We found subject’s registration information as follows for reference.
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Registered Name: |
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Registered
Address: |
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Date of
Registration:: |
2008-9-17 |
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Registered
Number: |
200818378R |
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Country of
Incorporation: |
Singapore |
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Registered
Capital: |
SGD 100,000.00
(USD 81,210) (As of 2012.09,
1 SGD = 0.8121 USD) |
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Paid-up Capital: |
SGD 100,000.00
(USD 81,210) = 100,000 Shares@1 SGD |
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Legal Form: |
Limited Exempt
Private Company |
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Principal
Activities: |
46900 General
wholesale trade including general importers and exporters |
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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: |
2012-9-13 |
Note: We couldn’t contact subject successfully, the number of staff is not available from the subject or other sources.
Subject was incorporated
on 2008-9-17 with registered number 200818378R as Limited Exempt Private
Company in Singapore.
|
Subscription Amount |
Proportion of Investment (%) |
|
|
Lin Htwe |
20,000 |
20% |
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Ah Ping |
50,000 |
50% |
|
Aung Kyaw Win |
30,000 |
30% |
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Total |
100,000 |
100% |
Major Shareholder
Information:
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1 |
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Name: |
Lin Htwe |
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ID Number: |
874691 |
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Address: |
Olympic Hotel, U
Wizaya Road, Dagon T/S Yangon, Myanmar |
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Nationality: |
Myanmar |
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2 |
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Name: |
Ah Ping |
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ID Number: |
G6079206U |
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Address: |
82 Jellicoe Road
#01-13 Citylights Singapore 208741 |
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Nationality: |
Myanmar |
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3 |
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Name: |
Aung Kyaw Win |
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ID Number: |
S8074673C |
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Address: |
313 Ang Mo Kio
Avenue 3 #10-2314 Singapore 560313 |
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Nationality: |
Singapore
Citizen |
Detailed Information
of Management:
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1 |
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Name: |
Lin Htwe |
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Position: |
Director |
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ID Number: |
874691 |
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Address: |
Olympic Hotel, U
Wizaya Road, Dagon T/S Yangon, Myanmar |
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Nationality: |
Myanmar |
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Date of
Appointment: |
2008-9-17 |
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2 |
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Name: |
Ah Ping |
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Position: |
Director |
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ID Number: |
G6079206U |
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Address: |
82 Jellicoe
Road, #01-13, Citylights, Singapore 208741 |
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Nationality: |
Myanmar |
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Date of
Appointment: |
2008-9-17 |
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3 |
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Name: |
San Win Kyi |
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Position: |
Secretary |
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ID Number: |
S7265827B |
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Address: |
16A Kim Keat
Lane, Singapore 328874 |
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Nationality: |
Singapore P.R. |
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Date of
Appointment: |
2012-6-27 |
Offices
& Factories
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|
Office |
|
Registered
address: |
Operation
Information
From public files we found subject is engaged in manufacturing of logs, veneer, plywood, sawn timber, and teak parquet, etc and major sales regions are Southeast Asia, Mid East, and Eastern Asia.
Since we couldn’t contact subject successfully, the information is not confirmed by them.
Registration files show subject’s principal activities as follows:
46900
General wholesale trade including general importers and
exporters
We couldn’t contact subject successfully, and the settlement information is not available from the subject or other sources.
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,
Since we couldn’t contact subject successfully, and the financial information is not available from the subject or other sources.
Since we couldn’t
contact the subject successfully, the supplied bank information is not
confirmed by subject.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.53.26 |
|
UK Pound |
1 |
Rs.86.23 |
|
Euro |
1 |
Rs.68.64 |
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 |
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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 |
|
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 |
|
---- |
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.