MIRA INFORM REPORT

 

 

Report Date :

01.08.2013

 

IDENTIFICATION DETAILS

 

Name :

MESRA ALAM SDN BHD

 

 

Registered Office :

Unit 5, 2Fl Serusop Complex - Block A Kampong Delima Satu, Brunei/Muara BE4173

 

 

Country :

Brunei

 

 

Date of Incorporation :

16.01.2007

 

 

Legal Form :

Private Company with Limited Liability

 

 

Line of Business :

Trader of Garments & Accessories

 

 

No. of Employees :

10

 

 

RATING & COMMENTS

 

MIRA’s Rating :

B

 

RATING

STATUS

PROPOSED CREDIT LINE

26-40

B

Capability to overcome financial difficulties seems comparatively below average.

Small

 

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, 2013

 

Country Name

Previous Rating

(31.12.2012)

Current Rating

(31.03.2013)

Brunei

B1

B1

 

Risk Category

ECGC Classification

Insignificant

 

A1

Low

 

A2

Moderate

 

B1

High

 

B2

Very High

 

C1

Restricted

 

C2

Off-credit

 

D

 

 

BRUNEI - ECONOMIC OVERVIEW

 

Brunei has a small well-to-do economy that depends on revenue from natural resource extraction but encompasses a mixture of foreign and domestic entrepreneurship, government regulation, welfare measures, and village tradition. Crude oil and natural gas production account for 60% of GDP and more than 90% of exports. Per capita GDP is among the highest in Asia, and substantial income from overseas investment supplements income from domestic production. For Bruneian citizens the government provides for all medical services and free education through the university level. The government of Brunei has been emphasizing through policy and resource investments it strong desire to diversity its economy both within the oil and gas sector and to new sectors.

 

Source : CIA

 

REGISTERED NAME & COMPANY SUMMARY

 

Company Details

 

Organization Name

:

MESRA ALAM SDN BHD

Address

:

Suite 20 Ground Fl Bangunan Haji Hassan bin Haji Abd Ghani Lot 7191 Jalan Jaya Negara, Kuala Belait KA1531

Country

:

Brunei

Phone (S)

:

[+673]-3226161

Facsimile

:

[+673]-3331616

Email

:

enquiry@mesraalam.biz

Website

:

http://www.mesraalam.biz

Primary Business Activity

:

Trader

Key Industry

:

Garments & Accessories

 

Key Facts

 

Registered Legal Address

:

Unit 5, 2Fl Serusop Complex - Block A Kampong Delima Satu, Brunei/Muara BE4173

Operational Address

:

Suite 20 Ground Fl Bangunan Haji Hassan bin Haji Abd Ghani Lot 7191 Jalan Jaya Negara, Kuala Belait KA1531

Issuing Authority

:

Registrar of Companies - National

License Number

:

RC00007019

License Status

:

License exists - Normal.

Legal Form - Category

:

Private Company with Limited Liability

Legal Form

:

Sendirian Berhad

Legal Form - Abbreviation

:

SDN BHD

Operational Status of Business

:

Normal

Date of Registration

:

16 Jan, 2007

Employees

:

10

Capital

:

n/a(1)

Note

:

(1) Not applicable.
According to the corporate statutory laws for this type of Legal Form - Category(Private Company with Limited Liability) in Brunei, there is no requirement for Authorized Capital.

 

Report Details

 

 

Country

:

Brunei

Business Entity Name

:

MESRA ALAM SDN BHD

Acronym

:

MASB

Primary Business Activity

:

Trader

Primary Industry

:

Garments & Accessories

Office Contact Details

Operating Address

:

Suite 20 Ground Fl Bangunan Haji Hassan bin Haji Abd Ghani Lot 7191 Jalan Jaya Negara, Kuala Belait KA1531

Tel

:

[+673]-3226161

Mobile

:

[+673]-8726161

Fax

:

[+673]-3331616

Email

:

enquiry@mesraalam.biz

Website Details

Website

:

http://www.mesraalam.biz

Status

:

Normal - operational

Ownership Type

:

Registered ownership by a related third party

 

 

 

DIRECTORS/MANAGEMENT

 

Key Person

 

Legal Title

:

Chairman

Name

:

Mr. Hamidoon Ja'afar

Nationality

:

Bruneian

 

 

COMPANY MANAGEMENT

 

Management Listings

 

 

Name

Nationality

Job Description

Dept. / Division

1

Mr. Aldrin Alvarez

Bruneian

Manager

Sales & Marketing

 

Management Details - 1

Personal Unique Identifier

:

MI03490522

Name

:

Mr. Aldrin Alvarez

 

 

    

COMPANY DIRECTORS

 

 

1

 

 

Personal Unique Identifier

:

MI03490287

Name

:

Mr. Hamidoon Ja'afar

Nationality

:

Bruneian

 

 

NEGATIVE INFORMATION

 

 

REPUTATION

 

Reference checking for the purpose of establishing the MESRA ALAM SDN BHD's reputation within the respective industry failed to reveal any adverse information.

 

 

NEGA-SCAN - ADVERSE DATA MONITORING

 

 

DISHONORED CHECKS

 

No Record Found

 

 

DEBT

 

No Record Found

 

 

LITIGATION

 

No Record Found

 

 

PERFORMANCE DEFAULTS

 

No Record Found

 

 

ADVERSE LOCAL MEDIA COVERAGE / ADVERSE FILING HISTORY

 

No Record Found

 

 

 

SHARE & SHARE CAPITAL INFORMATION

 

 

SHAREHOLDERS

 

Total number of shareholders

:

n/a

Total number of shares

:

n/a

 

Currency

:

BND - Brunei Dollars

 

No.

Shareholders

Country

Shares

Number

Amount (BND)

%

1

Mr. Hamidoon Ja'afar

Brunei

n/a

n/a

n/a

2

Undisclosed Shareholders

Brunei

n/a

n/a

n/a

Total

n/a

n/a

n/a

 

 

Based on corporate statutory laws / regulations in Brunei, there is no requirement for public disclosure of Shareholders. In this case, the Shareholders information was supplied by the Subject Business Entity.
However in the absence of data normally obtained from local Statutory Authorities, it is not possible to verify the accuracy of data supplied and hence is provided as reference ONLY.

 

Note:
Based on corporate statutory laws for limited liability companies in Brunei, such legal entities maintain the right to only disclose the key shareholder of the company, CONDITIONAL that person (shareholder) is ALSO nominated as the registered person responsible for the actions of the company. In this case, the person listed above, holds that position, and is also a key shareholder.
The remaining shareholders, which are classified under "Undisclosed Shareholders" are not legally required to be disclosed.

 

 

PAYMENT INFORMATION

 

 

PAYMENT TERMS

 

Selling

 

Type

Terms

Local

Cash on delivery (COD)

Credit - Secured with Post-dated checks 30~60 days

Export

Letter of Credit (At-sight)

Telegraphic Transfer (T/T) - Received at time of transaction

 

Purchasing

 

Type

Terms

Local

Cash on delivery (COD)

Credit - Secured with Post-dated checks 30~60 days

Import

Letter of Credit (At-sight)

Telegraphic Transfer (T/T) - Executed at time of transaction

 

 

GROUP STRUCTURE & AFFILIATED COMPANIES

 

 

RELATED PARTIES (Subsidiaries , Joint-ventures & Affiliates)

 

The following provides a summary of the number of businesses that are related to MESRA ALAM SDN BHD:

 

TYPE

DOMESTIC

TOTAL

Subsidiaries

-

Joint-Ventures

-

Minority shareholdings

-

Affiliates

1

 

Domestic

 

 

Business Entity Name

:

MESRA ALAM ENTERPRISE

Global Identifier

:

P2831335

Country

:

Brunei

Relationship

:

Affiliate

Operational Address

:

Unit 5, 1 & 2Fl Simpang 82 Serusop Complex - Block A Kg Delima Satu, Bandar Seri Begawan BB4713

Primary Business Activity

:

Trader

Industry

:

Office Equip./Supplies & Stationery

 

 

 

FINANCIAL INFORMATION

 

 

FINANCIAL STATEMENT - DETAILED

 

Based on the corporate laws of Brunei, legal entities which are Private Company with Limited Liability are not required to make public disclosure of their annual financials. Therefore no financials are available for this entity.

 

 

FOREIGN EXCHANGE RATES

 

Today's Exchange rate

:

1.00 BND
Brunei Dollars

=

0.787402 USD
United States Dollars

 

 

ADDITIONAL INFORMATION

 

Primary Products

Products / Materials / Services Description

Activity

Body protection

Trading

Body protection garments

Trading

Helmets

Trading

Personal protective equipment

Trading

Personal protective products

Trading

 

 

 

SIC PRODUCT CLASSIFICATION & ACTIVITY

 

 

 

Product/Service Description

Code

Activity

Apparel and accessories, nspf

2389

Trading

Apparel/Other Textile Products

2300

Trading

Clothing & Furnishing, male

5136

Trading

Fabric dress and work gloves

2381

Trading

Fabricated textile products, nspf

2399

Trading

Footwear, nspf

3149

Trading

Leather gloves and mittens

3151

Trading

Manufactured articles, nspf

3999

Trading

Work clothing, male

2326

Trading

 

 

 

 

 

HARMONIZED PRODUCT CLASSIFICATION & ACTIVITY

 

 

 

Product/Service Description

Code

Activity

Articles of apparel & access, leather & comp leather

4203

Trading

Articles of apparel & clothing accessories-knitted or crocheted

6100

Trading

Articles of apparel & clothing accessories-not knitted or crocheted

6200

Trading

Footwear

6405

Trading

Footwear parts nesoi and accessories and parts nesoi, including gaiters and similar articles

6406999500

Trading

Garments nesoi, knitted or crocheted

6114

Trading

Gloves & mittens of leather,nesoi,men's lined

4203293020

Trading

Gloves, mittens and mitts, knitted or crocheted

6116

Trading

Gloves, mittens and mitts, knitted or crocheted

6116

Trading

Headgear & other parts

6500

Trading

 

 

 

 

 

DETAILED PRODUCT CLASSIFICATION & ACTIVITY

 

 

 

Products / Materials / Services Description

Ranking

Activity

Protective clothing

Primary

Trading

Protective gears

Primary

Trading

Safety earmuffs

Primary

Trading

Safety eye wear

Primary

Trading

Safety hand gloves

Primary

Trading

Safety shoes

Primary

Trading

 

 

 

 

 

CORE BUSINESS DESCRIPTION

 

 

 

Core Business

 

The primary business focus of MESRA ALAM SDN BHD is Trading - Finished products.

Key products include :

Body protection

Body protection garments

Helmets

Personal protective products

Protective clothing

Protective gears

Safety earmuffs

Safety eye wear

Safety hand gloves

Safety shoes

 

 

 

Supplementary Business

 

In addition to the core business, MESRA ALAM SDN BHD also is engaged in the following areas of business:

Exporting

Exporting - Finished products

Importing

Importing - Finished products

 

 

 

 

 

DOMESTIC SALES & PURCHASES

 

 

 

Annual Sales Analysis

Percentage

Domestic Sales

80%

International Sales (Export)

20%

 

 

 

 

Annual Purchases Analysis

Percentage

Local Purchases

60%

Imports

40%

 

 

 

 

 

 

 

INTERNATIONAL TRADE - Activity & Markets

 

 

 

 

Country / Region

Estimated level of importance

Trading Activity

Asia / Pacific

Medium

Importing, Exporting

Europe

Medium

Importing

Austria

Medium

Importing

China

Medium

Importing

France

Medium

Importing

Malaysia

Medium

Exporting

 

 

 

 

OVERSEAS SUPPLIERS

 

Name

Global Identifier

Country

DELTA PLUS GROUP SA

P1380899

France

U PROTEC APPAREL TECH CO LTD

P2831271

China

 

 

 

 

DOMESTIC CUSTOMERS

 

Name

Global Identifier

BANK ISLAM BRUNEI DARUSSALAM BHD

P1206775

BRUNEI LNG SDN BHD

P0579874

BRUNEI METHANOL CO SDN BHD

P1207635

BRUNEI NATIONAL PETROLEUM COMPANY SDN BHD

P1207648

BRUNEI SHELL PETROLEUM CO SDN BHD

P0132207

DST COMMUNICATIONS SDN BHD

P0367419

MINISTRY OF CULTURE, YOUTH & SPORTS

P2762042

ROYAL BRUNEI AIRLINES SDN BHD

P0092090

 

 

 

 

 

OFFICE & FACILITIES

 

 

 

Name

:

MESRA ALAM SDN BHD - KUALA BELAIT

Address

:

Suite 20 Ground Fl Bangunan Haji Hassan bin Haji Abd Ghani Lot 7191 Jalan Jaya Negara, Kuala Belait KA1531

Country

:

Brunei

Status

:

Operational

 

 

 

 

FOREIGN EXCHANGE RATES

 

Currency
Unit

Indian Rupees

US Dollar

1

Rs.61.11

UK Pound

1

Rs.92.97

Euro

1

Rs.80.93

 

 

INFORMATION DETAILS

 

Report Prepared by :

SDA

 

 

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.