|
Report Date : |
28.06.2013 |
IDENTIFICATION DETAILS
|
Name : |
ECO TROPICAL RESOURCES PTE LTD |
|
|
|
|
Registered Office : |
531 Upper Cross Street, #03-45, Hong Lim Complex Singapore 050531 |
|
|
|
|
Country : |
Singapore |
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|
|
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Date of Incorporation : |
02.02.1998 |
|
|
|
|
Com. Reg. No.: |
199800513K |
|
|
|
|
Legal Form : |
Limited Exempt Private Company |
|
|
|
|
Line of Business : |
Recycling of metal waste and scrap |
|
|
|
|
No. of Employees : |
About 10 Employees |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba |
|
|
Without Financials |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Status : |
Satisfactory |
|
Payment Behaviour : |
No Complaints |
|
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 |
|
Company Name: |
Eco Tropical Resources Pte
Ltd |
|
Supplied Name: |
|
|
531 Upper Cross Street, #03-45, Hong Lim Complex Singapore 050531 |
|
|
Supplied
Address: |
531, Upper Cross, Street No. 03-45 Lim Complex, Singapore 050531 |
|
Fax Number: |
|
Note: The exact address is as above.
|
Credit Opinion: |
|
Registered Name: |
|
|
Registered
Address: |
531 Upper Cross Street, #03-45, Hong Lim Complex Singapore 050531 |
|
Date of
Registration:: |
1998-2-2 |
|
Registered
Number: |
199800513K |
|
Country of
Incorporation: |
Singapore |
|
Registered
Capital: |
SGD 3,000,000.00
(USD 2,449,500) (As of 2012.09,
1 SGD = 0.8165 USD) |
|
Paid-up Capital: |
SGD 3,000,000.00
(USD 2,449,500) = 3,000,000 Shares@1 SGD |
|
Legal Form: |
Limited Exempt
Private Company |
|
Principal
Activities: |
38301 Recycling of metal
waste and scrap 70201 Business and
management consultancy services |
|
Status: |
Live Company |
|
Listed at Stock
Exchange: |
No |
|
Date of Last
Annual Return: |
2012-7-31 |
Subject was
incorporated on 1998-2-2 with registered number 199800513K as Limited
Exempt Private Company in Singapore.
|
Subscription Amount |
Proportion of Investment (%) |
|
|
Lim Hua Peng |
1,500,000 |
50% |
|
Seah Hong Giok |
1,500,000 |
50% |
|
Total |
3,000,000 |
100% |
Major Shareholder
Information:
|
1 |
|
|
Name: |
Lim Hua Peng |
|
ID Number: |
S0212174C |
|
Address: |
26 Munshi
Abdullah Walk Raintree Valley Singapore 788606 |
|
Nationality: |
Singapore
Citizen |
|
2 |
|
|
Name: |
Seah Hong Giok |
|
ID Number: |
S1415663A |
|
Address: |
26 Munshi
Abdullah Walk Raintree Valley Singapore 788606 |
|
Nationality: |
Singapore
Citizen |
Detailed
Information of Management:
|
1 |
|
|
Name: |
Lim Hua Peng |
|
Position: |
Director |
|
ID Number: |
S0212174C |
|
Address: |
26 Munshi Abdullah
Walk Raintree Valley, Singapore 788606 |
|
Nationality: |
Singapore
Citizen |
|
Date of
Appointment: |
1998-2-2 |
|
2 |
|
|
Name: |
Seah Hong Giok |
|
Position: |
Director |
|
ID Number: |
S1415663A |
|
Address: |
26 Munshi Abdullah
Walk Raintree Valley, Singapore 788606 |
|
Nationality: |
Singapore
Citizen |
|
Date of
Appointment: |
1998-2-2 |
|
3 |
|
|
Name: |
Fong Yeau Ling |
|
Position: |
Secretary |
|
ID Number: |
S7119529E |
|
Address: |
26 Tanglin Halt Road,
#03-58, Singapore 141026 |
|
Nationality: |
Singapore
Citizen |
|
Date of
Appointment: |
2003-9-22 |
Personnel
Structure
|
Total Employees |
Offices
& Factories
|
|
Office |
|
Address: |
531 Upper Cross Street, #03-45, Hong Lim Complex Singapore 050531 |
Production
Information
l Subject is a
trader of metals, etc without any production activities.
Purchase
Information
l It is introduced
that subject purchases products from abroad such as America, etc.
Sales Information
l Subject is engaged
in sales of metals, etc.
l Subject’s sales
regions include America, Southeast Asia, and Africa, etc.
Major products
sold
|
|
Product |
|
1 |
Non-Ferrous
Metals |
|
2 |
Primary Metals |
|
3 |
Scrap Metals |
|
4 |
Copper |
|
5 |
Lead Acid
Batteries Scrap |
Purchase
Domestic Markets
Subject has little
domestic purchase.
Overseas Markets
|
Products |
Payment Terms |
Proportion |
|
Metals, etc |
CBD, etc |
100% |
Domestic Markets
|
Sales Terms |
Proportion |
|
|
Metals, etc |
COD, CBD, etc |
100% |
Overseas Markets
|
Product |
Sales Terms |
Proportion |
|
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.
Open
Account Bank
|
Name: |
United Overseas
Bank Ltd. |
Note: The bank’s information is not confirmed by subject; from other sources we cannot obtain the relevant information either.
|
Name: |
Goh Yau Kee
& Co. |
|
Name: |
Mr. Li |
|
Department: |
Sales Department |
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.60.58 |
|
UK Pound |
1 |
Rs.92.91 |
|
Euro |
1 |
Rs.78.94 |
INFORMATION DETAILS
|
Report Prepared
by : |
NLM |
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.