|
Report Date : |
15.01.2013 |
IDENTIFICATION DETAILS
|
Name : |
GLOBAL EMB-TECH PTE LTD |
|
|
|
|
Registered Office : |
209 Henderson Road, #03-02, Henderson Industrial Park Singapore 159551 |
|
|
|
|
Country : |
Singapore |
|
|
|
|
Date of Incorporation : |
08.01.1998 |
|
|
|
|
Com. Reg. No.: |
199800116E |
|
|
|
|
Legal Form : |
Limited Exempt Private Company |
|
|
|
|
Line of Business : |
Wholesale of sewing and clothing accessories (eg button, thread, lace, zip) |
|
|
|
|
No. of Employees : |
Not Available |
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 (31.03.2011) |
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
|
Company Name: |
Global Emb-Tech
Pte Ltd |
|
Supplied Name: |
|
|
209 Henderson Road, #03-02, Henderson Industrial Park Singapore 159551 |
|
|
Supplied
Address: |
209 Henderson Road, 03-02 Henderson Industrial Park, Singapore 159551 |
|
Fax Number: |
|
|
Credit Opinion: |
|
Registered Name: |
|
|
Registered
Address: |
209 Henderson Road, #03-02, Henderson Industrial Park Singapore 159551 |
|
Date of
Registration:: |
1998-1-8 |
|
Registered
Number: |
199800116E |
|
Country of
Incorporation: |
Singapore |
|
Registered
Capital: |
SGD 100,000.00
(USD 81,570) (As of 2012.09,
1 SGD = 0.0.8157 USD) |
|
Paid-up Capital: |
SGD 100,000.00
(USD 81,570) = 100,000 Shares@1 SGD |
|
Legal Form: |
Limited Exempt
Private Company |
|
Principal
Activities: |
46416 Wholesale of
sewing and clothing accessories (eg button, thread, lace, zip) |
|
N/A |
|
|
Status: |
Live Company |
|
Listed at Stock
Exchange: |
No |
|
Date of Last
Annual Return: |
2011-7-26 |
Note: Subject declined
to disclose its staff number; from other source we cannot obtain the relevant
information, either.
Subject was incorporated on 1998-1-8 with registered number 199800116E as
Limited Exempt Private Company in Singapore.
|
Subscription Amount |
Proportion of Investment (%) |
|
|
Mr Noboru Ito |
90,000 |
90% |
|
Lim Poh Khiem
Jenny |
10,000 |
10% |
|
Total |
100,000 |
100% |
Major Shareholder
Information:
|
1 |
|
|
Name: |
Mr Noboru Ito |
|
ID Number: |
F0389746W |
|
Address: |
38 Dover Rise
#04-10 Dover Parkview Singapore 138684 |
|
Nationality: |
Japanese |
|
2 |
|
|
Name: |
Lim Poh Khiem
Jenny |
|
ID Number: |
S1493928H |
|
Address: |
22 Parry Road
Parry Park Singapore 547203 |
|
Nationality: |
Singapore Citizen |
Detailed Information
of Management:
|
1 |
|
|
Name: |
Mr Noboru Ito |
|
Position: |
Director |
|
ID Number: |
F0389746W |
|
Address: |
38 Dover Rise,
#04-10, Dover Parkview Singapore 138684 |
|
Nationality: |
Japanese |
|
Date of
Appointment: |
1998-1-8 |
|
2 |
|
|
Name: |
Lim Poh Khiem
Jenny |
|
Position: |
Director |
|
ID Number: |
S1493928H |
|
Address: |
22 Parry Road,
Parry Park Singapore 547203 |
|
Nationality: |
Singapore
Citizen |
|
Date of
Appointment: |
1998-1-8 |
|
3 |
|
|
Name: |
Tan Hong Chuan |
|
Position: |
Secretary |
|
ID Number: |
S0198970G |
|
Address: |
1 Taman Serasi,
#05-07, Botanic Gardens View Singapore 257717 |
|
Nationality: |
Singapore
Citizen |
|
Date of
Appointment: |
2011-3-9 |
|
4 |
|
|
Name: |
Lai Jin Foh |
|
Position: |
Secretary |
|
ID Number: |
S0452067Z |
|
Address: |
734 Tampines
Street 71, #10-99, Singapore 520734 |
|
Nationality: |
Singapore
Citizen |
|
Date of
Appointment: |
2010-9-17 |
Offices
& Factories
|
|
Office |
|
Address: |
209 Henderson Road, #03-02, Henderson Industrial Park Singapore 159551 |
Production
Information
l
Subject is a trader of clothing, footwear, leather
goods and embroidery machines, etc without any production activities.
Purchase
Information
l
Subject purchases products mostly from abroad such
as India, etc.
Sales
Information
l
Subject is engaged in sales of clothing, footwear,
leather goods and embroidery machines, etc.
l
Subject’s sales regions include Singapore domestic
market and its neighboring countries.
l
The major types of embroidery machines sold by
subject include cloth baling press, double needle lockstitch sewing machine,
taping coiling embroidery machine, schiffli sampling machine, etc.
Purchase
Domestic Markets
Subject has little
domestic purchase.
Overseas Markets
|
Products |
Payment Terms |
Proportion |
|
Clothing,
machine, etc |
CBD, etc |
100% |
Domestic Markets
|
Sales Terms |
Proportion |
|
|
Clothing,
machine, etc |
COD, CBD, etc |
100% |
Overseas Markets
|
Product |
Sales Terms |
Proportion |
|
Clothing,
machine, 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.
Bank Charge
|
Charge Number: |
199804808 |
|
Date of
Registration: |
1998-9-17 |
|
Name: |
The Development
Bank of Singapore Limited |
|
Amount Secured: |
All Monies |
Name: Mjma
Pac
Department: Sales Department
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.54.63 |
|
|
1 |
Rs.88.17 |
|
Euro |
1 |
Rs.73.13 |
INFORMATION DETAILS
|
Report
Prepared by : |
PRL |
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.