MIRA INFORM REPORT
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Report Date : |
18.06.2014 |
IDENTIFICATION DETAILS
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Name : |
DORIC SDN BHD |
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Registered Office : |
Lot 182/92 Simpang 111 Jalan Bengkurong Masin, Bandar Seri Begawan
BF1920 |
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Country : |
Brunei Darussalam |
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Date of Incorporation : |
28.08.1996 |
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Legal Form : |
Private Company with Limited Liability |
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Line of Business : |
Importer & Trader of Furniture, Natural stones & Marble |
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No of Employees : |
20 |
RATING & COMMENTS
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MIRA’s Rating : |
B |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
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Status : |
Moderate |
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Payment Behaviour : |
Slow |
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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 – March 31, 2014
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Country Name |
Previous Rating (31.12.2013) |
Current Rating (31.03.2014) |
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Brunei Darussalam |
A2 |
A2 |
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Risk Category |
ECGC
Classification |
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Insignificant |
A1 |
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Low Risk |
A2 |
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Moderate Low Risk |
B1 |
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Moderate Risk |
B2 |
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Moderate High Risk |
C1 |
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High Risk |
C2 |
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Very High Risk |
D |
Brunei Darussalam ECONOMIC OVERVIEW
Brunei has a small well-to-do
economy that depends on sales 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
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Source : CIA |
REGISTERED
NAME & COMPANY SUMMARY
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Company Details |
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Organization
Name |
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DORIC
SDN BHD |
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Address |
: |
Lot
182/92 Simpang 111 Jalan Bengkurong Masin, Bandar Seri Begawan BF1920 |
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Country |
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Brunei |
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Phone
(S) |
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[+673]-2650222 |
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Facsimile |
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[+673]-2651662 |
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Email |
: |
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Primary Business Activity |
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Trader |
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Key Industry |
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Construction
& Construction Materials |
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Key Facts |
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Registered Legal Address |
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Lot 182/92 Simpang 111 Jalan Bengkurong Masin,
Bandar Seri Begawan BF1920 |
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Operational
Address |
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Lot
182/92 Simpang 111 Jalan Bengkurong Masin, Bandar Seri Begawan BF1920 |
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Issuing
Authority |
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Registrar
of Companies - National |
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License
Number |
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AGO/RC/4097 |
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License
Status |
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License
exists - Normal. |
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Legal
Form – Category |
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Private
Company with Limited Liability |
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Legal
Form |
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Sendirian
Berhad |
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Legal
Form - Abbreviation |
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SDN
BHD |
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Operational
Status of Business |
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Normal |
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Date
of Registration |
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28
Aug, 1996 |
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Employees |
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20 |
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Capital |
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US$ 186,992 |
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Report Details |
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DIRECTORS/MANAGEMENT
Key Person
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Legal Title |
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Chairman |
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Name |
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Ms. Alyce Ai-Yoke Foo |
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Registered Address |
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Apt Blk 687A Choa Chu Kang Drive 681687 |
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Nationality |
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Singaporean |
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COMPANY MANAGEMENT |
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Management Listings |
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COMPANY DIRECTORS |
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NEGATIVE
INFORMATION
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REPUTATION |
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Reference checking for the purpose of establishing DORIC SDN BHD's
reputation within the respective industry failed to reveal any adverse
information. |
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NEGA-SCAN - ADVERSE DATA MONITORING |
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SHARE
& SHARE CAPITAL INFORMATION
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CAPITAL (Currency: BND - Brunei Dollars) |
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SHAREHOLDERS |
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PAYMENT INFORMATION
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PAYMENT TERMS |
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Selling |
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Purchasing |
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FINANCIAL
INFORMATION
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FINANCIAL STATEMENT - DETAILED |
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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
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Today's Exchange rate |
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ADDITIONAL
INFORMATION
Primary Products
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Products / Materials / Services Description |
Activity |
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Furniture |
Importing, Trading |
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Marble |
Importing, Trading |
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Natural stones |
Importing, Trading |
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SIC PRODUCT CLASSIFICATION & ACTIVITY |
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HARMONIZED PRODUCT CLASSIFICATION & ACTIVITY |
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CORE BUSINESS
DESCRIPTION |
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Core Business |
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The primary business focus of DORIC SDN
BHD is Trading - Finished products.
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Supplementary Business |
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In addition to the core business, DORIC SDN BHD also is engaged in the
following areas of business:
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DOMESTIC SALES & PURCHASES |
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LOCAL BRANCHES & MANAGEMENT |
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INTERNATIONAL TRADE - Activity & Markets |
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OFFICE & FACILITIES |
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The following information relates to the Business Entity's office as
listed above: |
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APPROVED SIGNATURES |
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The Company Director/s listed below maintain the legal right to sign on
behalf of the company:
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PREVIOUS CONTACT DETAILS |
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PREVIOUS BUSINESS LICENSE/S |
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FOREIGN EXCHANGE RATES
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Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
Rs.60.37 |
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UK Pound |
1 |
Rs.102.48 |
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Euro |
1 |
Rs.81.87 |
INFORMATION DETAILS
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Analysis Done by
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RAS |
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Report Prepared
by : |
MNL |
RATING EXPLANATIONS
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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>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 |
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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 |
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NB |
New Business |
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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.