|
Report Date : |
04.01.2013 |
IDENTIFICATION DETAILS
|
Name : |
TECK SANG PTE LTD. |
|
|
|
|
Registered Office : |
11 Hongkong Street, 059654 |
|
|
|
|
Country : |
Singapore |
|
|
|
|
Date of Incorporation : |
29.06.1973 |
|
|
|
|
Com. Reg. No.: |
197301209-G |
|
|
|
|
Legal Form : |
Singapore Exempt Private |
|
|
|
|
Line of Business : |
Wholesaler of Foodstuff |
|
|
|
|
No. of Employees : |
45 |
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 – June 30th,
2012
|
Country Name |
Previous Rating (31.03.2012) |
Current Rating (30.06.2012) |
|
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 |
|
REGISTRATION NO. |
: |
197301209-G |
|
COMPANY NAME |
: |
TECK SANG PTE
LTD. |
|
FORMER NAME |
: |
N/A |
|
INCORPORATION DATE |
: |
29/06/1973 |
|
|
|
|
|
|
|
|
|
COMPANY STATUS |
: |
EXIST |
|
LEGAL FORM |
: |
SINGAPORE EXEMPT PRIVATE |
|
LISTED STATUS |
: |
NO |
|
REGISTERED ADDRESS |
: |
11 HONGKONG STREET, 059654, SINGAPORE. |
|
BUSINESS ADDRESS |
: |
10 AND 11 HONGKONG STREET, , 059654,
SINGAPORE. |
|
TEL.NO. |
: |
65-65331133 |
|
FAX.NO. |
: |
65-65332761 |
|
EMAIL |
: |
tecksang@singnet.com.sg |
|
CONTACT PERSON |
: |
SEIT WING YUN ( MANAGING DIRECTOR ) |
|
|
|
|
|
PRINCIPAL ACTIVITY |
: |
WHOLESALER OF FOODSTUFF |
|
AUTHORISED CAPITAL |
: |
400,000.00 ORDINARY SHARE, OF A VALUE OF
SGD 400,000.00 |
|
ISSUED AND PAID UP CAPITAL |
: |
400,000.00 ORDINARY SHARE, OF A VALUE OF
SGD 400,000.00 |
|
SALES |
: |
N/A |
|
NET WORTH |
: |
N/A |
|
STAFF STRENGTH |
: |
45 [2012] |
|
BANKER (S) |
: |
BANK OF CHINA LIMITED |
|
|
||
|
LITIGATION |
: |
CLEAR |
|
FINANCIAL CONDITION |
: |
N/A |
|
PAYMENT |
: |
N/A |
|
MANAGEMENT CAPABILITY |
: |
AVERAGE |
|
COMMERCIAL RISK |
: |
MODERATE |
|
CURRENCY EXPOSURE |
: |
MODERATE |
|
GENERAL REPUTATION |
: |
SATISFACTORY |
|
INDUSTRY OUTLOOK |
: |
AVERAGE GROWTH |
The SC is an
exempt private company whose shares are not held by any corporate body and has
no more than 20 shareholders who are all natural persons. An exempt company is a
type of private limited company. A private limited company is a separate legal
entity from its shareholders. As a separate legal entity, the SC is capable of
owning assets, entering into contracts, suing or be sued by other companies. An
exempt private company with an annual turnover of less than SGD5 million are
exempted from statutory auditing requirements. Instead of filing audited annual
accounts, the SC has to file in a document duly signed by its director in
charge of its finance and the company secretary stating that the SC is able to
meet all its obligations as and when they fall due. The SC is not required to
have their accounts audited. However, the SC will prepare unaudited accounts
for purposes of AGMs and filing with Registry Office if it is unable to meet
all its obligations as and when they fall due .
The SC is principally engaged in the (as a / as an) wholesaler of
foodstuff.
The major shareholder(s) of the SC are shown
as follows :
|
Name |
Address |
IC/PP/Loc No |
Shareholding |
(%) |
|
SEIT WING YUN + |
1 PEARL BANK 24-06, PEARL BANK APARTMENTS,
169016, SINGAPORE. |
S2163441G |
69,000.00 |
17.25 |
|
SIT KIN MING + |
1 PEARL BANK 26-10, PEARL BANK APARTMENTS,
169016, SINGAPORE. |
S2173023H |
54,000.00 |
13.50 |
|
FOONG WAI KHEE, MDM + |
1 PEARL BANK 24-06, PEARL BANK APARTMENTS,
169016, SINGAPORE. |
S2166275E |
47,000.00 |
11.75 |
|
SIT WING FAI |
18 BABINGTON PATH 17TH FLR FLAT A HONGKONG |
A217762 |
35,000.00 |
8.75 |
|
LAM HO CHING, MDM + |
1 PEARL BANK 24-08, PEARL BANK APARTMENTS,
169016, SINGAPORE. |
S2163442E |
32,000.00 |
8.00 |
|
SIT KIN ON |
1 PEARL BANK 24-04, PEARL BANK APARTMENTS |
D02168 |
30,000.00 |
7.50 |
|
ARTHUR SEIT KIN SUN + |
1 PEARL BANK 24-08, PEARL BANK APARTMENTS,
169016, SINGAPORE. |
S2172901I |
28,000.00 |
7.00 |
|
SIT CHEE CHUNG |
1 PEARL BANK 26-10, PEARL BANK APARTMENTS,
169016, SINGAPORE. |
S8307974F |
24,000.00 |
6.00 |
|
LOH CHENG MENG + |
1 KIM SENG WALK 17-02, 239403, SINGAPORE. |
S0590183I |
16,000.00 |
4.00 |
|
SEIT ZHIGANG VICTOR |
1 PEARL BANK 24-08, PEARL BANK APARTMENTS,
169016, SINGAPORE. |
S9006272G |
15,000.00 |
3.75 |
|
SEIT KIN FUN |
10A VENTRIS TERRACE, 25-27 VENTRIS ROAD,
HAPPY VALLEY HONG KONG |
S2221369E |
14,000.00 |
3.50 |
|
SIT OI WAN |
1 PEARL BANK 24-04, PEARL BANK APARTMENTS,
169016, SINGAPORE. |
S2178203C |
8,000.00 |
2.00 |
|
SEIT OI PING |
1 PEARL BANK 24-08, PEARL BANK APARTMENTS,
169016, SINGAPORE. |
S2163439E |
8,000.00 |
2.00 |
|
SEIT KIN HING |
1 PEARL BANK 24-06, PEARL BANK APARTMENTS,
169016, SINGAPORE. |
S2179682D |
5,000.00 |
1.25 |
|
LIM SOCK KUAN JESS |
1 PEARL BANK 24-08, PEARL BANK APARTMENTS,
169016, SINGAPORE. |
S6844035A |
5,000.00 |
1.25 |
|
SEIT OI LING |
2/10 LIN CR WOOLLOOMOOLOO NSW 2011
AUSTRALIA, SINGAPORE. |
S2163440I |
5,000.00 |
1.25 |
|
MS. SAMUEL SEIT KIN LUN |
1 PEARL BANK 24-06, PEARL BANK APARTMENTS,
169016 |
564116-96-4858 |
5,000.00 |
1.25 |
|
|
|
|
--------------- |
------ |
|
|
|
|
400,000.00 |
100.00 |
|
|
|
|
============ |
===== |
DIRECTOR 1
|
Name Of Subject |
: |
LOH CHENG MENG |
|
Address |
: |
1 KIM SENG WALK 17-02, 239403, SINGAPORE. |
|
IC / PP No |
: |
S0590183I |
|
|
|
|
|
|
|
|
|
|
|
|
|
Nationality |
: |
SINGAPOREAN |
|
Date of Appointment |
: |
29/06/1973 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
DIRECTOR 2
|
Name Of Subject |
: |
ARTHUR SEIT KIN SUN |
|
Address |
: |
1 PEARL BANK 24-08, PEARL BANK APARTMENTS,
169016, SINGAPORE. |
|
IC / PP No |
: |
S2172901I |
|
|
|
|
|
|
|
|
|
|
|
|
|
Nationality |
: |
SINGAPOREAN |
|
Date of Appointment |
: |
22/06/2012 |
|
Remark |
: |
ALTERNATE DIRECTOR TO LAM HO CHING, MDM |
|
|
|
|
|
|
|
|
|
|
|
|
DIRECTOR 3
|
Name Of Subject |
: |
LAM HO CHING, MDM |
|
Address |
: |
1 PEARL BANK 24-08, PEARL BANK APARTMENTS,
169016, SINGAPORE. |
|
IC / PP No |
: |
S2163442E |
|
|
|
|
|
|
|
|
|
|
|
|
|
Nationality |
: |
SINGAPOREAN |
|
Date of Appointment |
: |
02/07/1973 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
DIRECTOR 4
|
Name Of Subject |
: |
FOONG WAI KHEE, MDM |
|
Address |
: |
1 PEARL BANK 24-06, PEARL BANK APARTMENTS,
169016, SINGAPORE. |
|
IC / PP No |
: |
S2166275E |
|
|
|
|
|
|
|
|
|
|
|
|
|
Nationality |
: |
SINGAPOREAN |
|
Date of Appointment |
: |
02/07/1973 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
DIRECTOR 5
|
Name Of Subject |
: |
SIT KIN MING |
|
Address |
: |
1 PEARL BANK 26-10, PEARL BANK APARTMENTS,
169016, SINGAPORE. |
|
IC / PP No |
: |
S2173023H |
|
|
|
|
|
|
|
|
|
|
|
|
|
Nationality |
: |
SINGAPOREAN |
|
Date of Appointment |
: |
02/07/1973 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
DIRECTOR 6
|
Name Of Subject |
: |
SEIT WING YUN |
|
Address |
: |
1 PEARL BANK 24-06, PEARL BANK APARTMENTS,
169016, SINGAPORE. |
|
IC / PP No |
: |
S2163441G |
|
|
|
|
|
|
|
|
|
|
|
|
|
Nationality |
: |
SINGAPOREAN |
|
Date of Appointment |
: |
29/06/1973 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
1) |
Name of Subject |
: |
SEIT WING YUN |
|
|
Position |
: |
MANAGING DIRECTOR |
|
Auditor |
: |
LO HOCK LING & CO |
|
Auditor' Address |
: |
N/A |
|
|
|
|
|
1) |
Company Secretary |
: |
SIT KIN MING |
|
|
IC / PP No |
: |
S2173023H |
|
|
|
|
|
|
|
Address |
: |
1 PEARL BANK 26-10, PEARL BANK APARTMENTS,
169016, SINGAPORE. |
|
|
|
|
|
|
|
|
|
|
Banking relations are maintained principally with :
|
1) |
Name |
: |
BANK OF CHINA LIMITED |
|
|
|
|
|
|
The SC enjoys normal banking routine with
above mentioned banker(s). The SC has bank charges with above mentioned
banker(s). |
ENCUMBRANCE 1
|
Date of Creation |
: |
14/05/2002 |
||
|
Description Of Charge |
: |
N/A
|
||
|
Amount Secured |
: |
N/A |
||
|
Description Of Property Affected |
: |
N/A
|
||
|
Name & Address Of Chargee |
: |
BANK OF CHINA LIMITED
|
||
|
|
|
|
||
|
|
|
|
||
|
Form 40 Dated |
||||
|
Registered and Numbered 200202204 In The
Register of Charges |
||||
* A check has been conducted in our databank againt the SC whether the subject
has been involved in any litigation.
No legal action was found in our databank.
No winding up petition was found in our databank.
|
SOURCES OF RAW MATERIALS: |
||
|
Local |
: |
N/A |
|
Overseas |
: |
N/A |
|
|
|
|
The SC refused to disclose its suppliers.
|
Local |
: |
YES |
|||
|
Domestic Markets |
: |
SINGAPORE |
|||
|
Overseas |
: |
YES |
|
|
|
|
Export Market |
: |
WORLDWIDE |
|||
|
Credit Term |
: |
AS AGREED |
|||
|
|
|
|
|
|
|
|
Payment Mode |
: |
CHEQUES,TELEGRAPHIC TRANSFER (TT) |
|||
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Products manufactured |
: |
|
|
|
|
|
|
|
|
Goods Traded |
: |
FOODSTUFF
|
|
|
|
|
|
|
|
Services |
: |
|
|
|
|
|
|
|
Total Number of Employees: |
|||||||||
|
YEAR |
2012 |
2009 |
|
||||||
|
|
|||||||||
|
GROUP |
N/A |
N/A |
|
|
|
|
|
|
|
|
COMPANY |
45 |
30 |
|
|
|
|
|
|
|
|
Branch |
: |
NO
|
Other
Information:
The SC is principally engaged in the (as a / as an) wholesaler of foodstuff.
The SC's product dealings are as follows:
* dried red chilli
* garlics
* coriander
* fennel
* cloves
* cassia
* dried ginger
* star aniseed
* cumin
* black and white pepper
* nutmegs
* groundnut kernels
* blanched groundnut kernels
* almonds
* pistachios
* cashew kernels
* sunflower seeds
* pumpkin seeds
* sesame seeds
* beans and pulse
* chinese dried foodstuffs
* dried hibiscus flower
* canned sardines/limpets/pacific clams/abalone.
Latest fresh investigations carried out on the SC indicated that :
|
Telephone Number Provided By Client |
: |
N/A |
|
Current Telephone Number |
: |
65-65331133 |
|
Match |
: |
N/A |
|
|
|
|
|
Address Provided by Client |
: |
NO 10 AND 11 HONG KONG STREET SINGAPORE |
|
Current Address |
: |
10 AND 11 HONGKONG STREET, , 059654,
SINGAPORE. |
|
Match |
: |
NO |
Other
Investigations
On 27th December 2012 we contacted one of the staff from the SC and she provided
some informatio on the SC.
The address provided is incomplete.
The SC is a private exempt company which
does not need to file in its accounts with the Registrar of Companies for the
information of the public. Therefore, we are not able to comment on the SC's
financial performance.
Overall financial
condition of the SC : N/A
|
Major Economic
Indicators : |
2006 |
2007 |
2008 |
2009 |
2010 |
|
|
|
|
|
|
|
|
Population (Million) |
4.40 |
4.58 |
4.84 |
4.98 |
5.08 |
|
Gross Domestic Products ( % ) |
8.7 |
8.8 |
1.5 |
<0.8> |
14.5 |
|
Consumer Price Index |
1.0 |
2.1 |
6.6 |
0.6 |
2.8 |
|
Total Imports (Million) |
378,924.1 |
395,979.7 |
450,892.6 |
356,299.3 |
423,221.8 |
|
Total Exports (Million) |
431,559.2 |
450,627.7 |
476,762.2 |
391,118.1 |
478,840.7 |
|
|
|
|
|
|
|
|
Unemployment Rate (%) |
2.7 |
2.3 |
2.2 |
3.2 |
2.2 |
|
Tourist Arrival (Million) |
9.75 |
10.28 |
10.12 |
9.68 |
11.64 |
|
Hotel Occupancy Rate (%) |
85.2 |
87.0 |
81.0 |
75.8 |
85.6 |
|
Cellular Phone Subscriber (Million) |
1.05 |
1.22 |
1.31 |
1.37 |
1.43 |
|
|
|
|
|
|
|
|
Registration of New Companies (No.) |
21,495 |
25,903 |
25,327 |
26,414 |
29,798 |
|
Registration of New Companies (%) |
10.2 |
20.5 |
<2.2> |
4.3 |
12.8 |
|
Liquidation of Companies (No.) |
8,980 |
9,226 |
10,493 |
22,393 |
15,126 |
|
Liquidation of Companies (%) |
28.1 |
2.7 |
13.7 |
113.4 |
<32.5> |
|
|
|
|
|
|
|
|
Registration of New Businesses (No.) |
24,219 |
24,762 |
24,850 |
26,876 |
23,978 |
|
Registration of New Businesses (%) |
3.17 |
2.24 |
0.36 |
8.15 |
<10.78> |
|
Liquidation of Businesses (No.) |
26,843 |
21,322 |
21,150 |
23,552 |
24,211 |
|
Liquidation of Businesses (%) |
<52.3> |
<20.6> |
<0.8> |
11.4 |
2.8 |
|
|
|
|
|
|
|
|
Bankruptcy Orders (No.) |
2,983 |
2,767 |
2,326 |
2,058 |
1,537 |
|
Bankruptcy Orders (%) |
15.8 |
<7.2> |
<15.9> |
<11.5> |
<25.3> |
|
Bankruptcy Discharges (No.) |
1,634 |
1,626 |
1,500 |
3,056 |
2,252 |
|
Bankruptcy Discharges (%) |
<2.9> |
<0.5> |
<7.7> |
103.7 |
<26.3> |
|
|
|
|
|
|
|
|
INDUSTRIES ( %
of Growth ) : |
|
|
|
|
|
|
Agriculture |
|
|
|
|
|
|
Production of Principal Crops |
3.91 |
5.26 |
<0.32> |
3.25 |
<0.48> |
|
Fish Supply & Wholesale |
1.33 |
<3.91> |
<6.31> |
<1.93> |
3.60 |
|
|
|
|
|
|
|
|
Manufacturing * |
94.4 |
100.0 |
95.8 |
91.8 |
119.1 |
|
Food, Beverages & Tobacco |
89.9 |
100.0 |
107.7 |
102.7 |
109.5 |
|
Textiles |
119.9 |
100.0 |
92.6 |
75.0 |
62.8 |
|
Wearing Apparel |
114.5 |
100.0 |
71.8 |
45.3 |
26.4 |
|
Leather Products & Footwear |
100.3 |
100.0 |
84.7 |
52.6 |
54.1 |
|
Wood & Wood Products |
107.1 |
100.0 |
88.8 |
68.3 |
70.0 |
|
Paper & Paper Products |
92.5 |
100.0 |
98.8 |
93.3 |
103.7 |
|
Printing & Media |
97.6 |
100.0 |
96.7 |
82.5 |
84.7 |
|
Crude Oil Refineries |
100.2 |
100.0 |
101.0 |
86.1 |
85.4 |
|
Chemical & Chemical Products |
93.8 |
100.0 |
95.1 |
90.4 |
109.9 |
|
Pharmaceutical Products |
102.1 |
100.0 |
92.8 |
104.4 |
159.9 |
|
Rubber & Plastic Products |
100.1 |
100.0 |
92.2 |
77.6 |
86.1 |
|
Non-metallic Mineral |
113.1 |
100.0 |
83.1 |
79.1 |
79.7 |
|
Basic Metals |
110.0 |
100.0 |
120.9 |
101.9 |
112.5 |
|
Fabricated Metal Products |
97.8 |
100.0 |
95.0 |
85.2 |
97.2 |
|
Machinery & Equipment |
83.9 |
100.0 |
97.4 |
85.8 |
117.7 |
|
Electrical Machinery |
98.8 |
100.0 |
98.1 |
104.2 |
149.1 |
|
Electronic Components |
96.1 |
100.0 |
93.0 |
85.1 |
115.5 |
|
Transport Equipment |
85.3 |
100.0 |
106.7 |
100.2 |
99.3 |
|
|
|
|
|
|
|
|
Construction |
46.60 |
45.60 |
45.90 |
<36.9> |
14.20 |
|
Real Estate |
12.9 |
40.8 |
<11.2> |
1.4 |
21.3 |
|
|
|
|
|
|
|
|
Services |
|
|
|
|
|
|
Electricity, Gas & Water |
<5.3> |
11.00 |
<1.3> |
1.70 |
4.00 |
|
Transport, Storage & Communication |
6.00 |
8.50 |
11.60 |
3.90 |
12.80 |
|
Finance & Insurance |
6.40 |
41.50 |
<5.9> |
<16.4> |
<0.4> |
|
Government Services |
13.50 |
3.80 |
17.40 |
4.50 |
9.70 |
|
Education Services |
1.10 |
1.80 |
0.50 |
0.10 |
<0.9> |
|
|
|
|
|
|
|
|
* Based on Index of Industrial Production
(2007 = 100) |
|
|
|
|
|
|
(Source : Department of Statistics) |
|
|
|
|
|
INDUSTRY : TRADING
The 1st Quarter 2012 total retail sales is expected to grow from a forecast
SGD44.45bn (US$35.28bn) in 2011 to SGD51.50bn (US$46.82bn) by 2015. Singapore
lacks the advantage of a massive consumer base, its low unemployment rate, the
rapid influx of foreign immigrants and increasing visitor arrivals will
continue to instill dynamism into the local retail scene and further buoy
consumer spending.
The February 2011 budget provided a boost to consumer spending power, with the
SGD6.6bn (US$5.2bn) Total Benefits package earmarked for households in
2011-2012 expected to have positive implications for the Singapore consumer.
In terms of retail sub-sectors, the over-the-counter pharmaceutical sector to
be worth US$0.15bn in 2011 and for sales to increase by more than 35% to
US$0.20bn by 2015. Sales of consumer electronics products are expected to
increase by nearly 24%, from US$3.96bn in 2011 to US$4.90bn by the end of the
forecast period on the back of strong demand for high-end products such as
multimedia notebooks, 3G phones and smartphones.
The food retail segment will have a market share of 21.3% in 2011, when the
sub-sector is forecast to be worth US$7.50bn. Sales are expected to grow to
US$8.11bn by 2015.
Mass grocery retail sales are forecast to be US$3.46bn in 2011 and to grow by
more than 25% to US$4.45bn by 2015, more than three times the rate of growth
for overall food sales. This would take mass grocery retail's share of the
overall food market from 45.7% in 2011 to 52.9% by the end of the forecast period.
Retail sales of Asian countries in 2011 are forecast US$3.13trn. China and
India are predicted to account for nearly 91% of regional retail sales in 2011,
and by 2015 their share of the regional market is expected to be more than 92%.
Growth in regional retail sales for 2011-2015 is forecast at 71.6%, an annual
average 14.4%. India should experience the most rapid rate of growth, followed
by China. Singapore's market share of 1.1% in 2011 is forecast to fall to 0.8%
by 2015.
OVERALL INDUSTRY
OUTLOOK : AVERAGE GROWTH
Incorporated in 1973, the SC is a company, focusing on wholesaler of foodstuff.
The SC has been in business for over four decades. It has built up a strong
clientele base and satisfactory reputation will enable the SC to further
enhance its business in the near term. Presently, the issued and paid up
capital of the SC stands at SGD 400,000.
Over the years, the SC has penetrated into both the local and overseas market.
The SC has positioned itself in the global market and is competing in the
industry. Its stable clientele base will enable the SC to further enhance its
business in the near term. The SC is operating on a medium scale and it has
approximately 45 employees in its business operations. Overall, we regard that
the SC's management capability is average.
As the SC is registered as an Exempt Private company, it is not required to
file financial statements for public review. As such, we are unable to
ascertain its present financial health.
The industry shows an upward trend and this trend is very likely to sustain in
the near terms. Hence, the SC is expected to benefit from the favourable
outlook of the industry.However, the SC has to implement aggressive marketing
strategies in order to capture its own market shares in the market and to
compete with other well established players in the same field.
In view of the above, we only recommend credit be proceeded to the SC with
guarantee.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian
Rupees |
|
US Dollar |
1 |
Rs.54.41 |
|
UK Pound |
1 |
Rs.88.28 |
|
Euro |
1 |
Rs.71.49 |
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%)
This report is issued at your request without any
risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL)
or its officials.