MIRA INFORM REPORT

 

 

Report Date :

15.05.2014

 

IDENTIFICATION DETAILS

 

Name :

JPRI SDN BHD

 

 

Registered Office :

Unit 18 Complex Delima Jaya Block B Mukim Berakas, Bandar Seri Begawan BB4713

 

 

Country :

Brunei Darussalam

 

 

Date of Incorporation :

12.06.2000

 

 

Legal Form :

Private Company with Limited Liability

 

 

Line of Business :

Importer of Consumer Products

 

 

No. of Employees

90

 

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 31, 2014

 

Country Name

Previous Rating

(31.12.2013)

Current Rating

(31.03.2014)

Brunei Darussalam

A2

A2

 

Risk Category

ECGC Classification

Insignificant

 

A1

Low Risk

 

A2

Moderately Low Risk

 

B1

Moderate Risk

 

B2

Moderately  High Risk

C1

High Risk

 

C2

Very High Risk

 

D

 

 

BRUNEI DARUSSALAM - 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

:

JPRI SDN BHD

Address

:

44 Simpang 207 Jalan Tungku Kg Katok, Bandar Seri Begawan

Country

:

Brunei

Phone (S)

:

[+673]-2446138

Facsimile

:

[+673]-2446138

Email

:

jpri@brunet.bn

Website

:

http://www.jpri.biz/

Primary Business Activity

:

Importer

Key Industry

:

Consumer Products

 

Key Facts

Registered Legal Address

:

Unit 18 Complex Delima Jaya Block B Mukim Berakas, Bandar Seri Begawan BB4713

Operational Address

:

44 Simpang 207 Jalan Tungku Kg Katok, Bandar Seri Begawan

Issuing Authority

:

Registrar of Companies – National

License Number

:

AGO/RC/5008

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

:

12 Jun, 2000

Employees

:

90

Capital

:

US$ 20,325

 

 

DIRECTORS/MANAGEMENT

 

Key Person

Legal Title

:

Chairman

Name

:

Mr. Venugopal Jayakumar

Registered Address

:

Unit 7 Block A Bgn Delima Jaya Complex Jalan Muara, Brunei Darussalam

Nationality

:

Indian

 

 

COMPANY DIRECTORS

 

1

 

 

Personal Unique Identifier

:

MI03698002

Name

:

Haji Mohammad Azim Rafiuddin Bin Abdullah

Date of Birth

:

6 Apr, 1987

Registered Address

:

4 Spg 40-69 Kg Sg Akar Jalan Kebangsaan Lama ,Brunei BC3115

Country of Residence

:

Brunei

Date of Appointment

:

29 May, 2013

2

 

 

Personal Unique Identifier

:

MI03697986

Name

:

Haji Mohd Hassan Bin Hj Mohd Tahir

Date of Birth

:

15 Nov, 1956

Registered Address

:

2 Spg 40-69 Kg Sg Akar Jalan Kebangsaan Lama ,Brunei BC3115

Country of Residence

:

Brunei

Date of Appointment

:

29 May, 2013

3

 

 

Personal Unique Identifier

:

MI03698011

Name

:

Mr. Rajeev Jayakumar

Date of Birth

:

14 Nov, 1991

Identification Number(s)

Passport No

:

Z1945702

Registered Address

:

Unit 7 Block A Bgn Delima Jaya Complex Jalan Muara ,Brunei Darussalam

Country of Residence

:

Brunei

Date of Appointment

:

29 May, 2013

4

 

 

Personal Unique Identifier

:

MI03003343

Name

:

Mr. Venugopal Jayakumar

Date of Birth

:

13 Apr, 1955

Registered Address

:

Unit 7 Block A Bgn Delima Jaya Complex Jalan Muara ,Brunei Darussalam

Country of Residence

:

Brunei

 

 

NEGATIVE INFORMATION

 

REPUTATION

Reference checking for the purpose of establishing the JPRI 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

 

CAPITAL (Currency: BND - Brunei Dollars)

Share Value

:

$ 1

Authorized Capital

:

$ 25,000

Paid-up Capital

:

$ 100

 

SHAREHOLDERS

Total number of shareholders

:

2

Total number of shares

:

100

 

Currency

:

BND - Brunei Dollars

 

No.

Shareholders

Country

Shares

Number

Amount (BND)

%

1

Mr. Venugopal Jayakumar

India

99

99

99.00

2

Ms. Dyg Hajah Jambul Binti Hitam

Brunei

1

1

1.00

Total

100

100

100.00

 

 

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.

 

 

PAYMENT INFORMATION

 

DOMESTIC SALES & PURCHASES

Annual Sales Analysis

Percentage

Domestic Sales

100%

Annual Purchases Analysis

Percentage

Local Purchases

20%

Imports

80%

 

PAYMENT TERMS

Selling

Type

Terms

Local

Cash on delivery (COD)

Credit - Unsecured 30~60 days

 

Purchasing

Type

Terms

Local

Cash on delivery (COD)

Credit - Unsecured 30~60 days

Import

Letter of Credit (At-sight)

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

 

 

INTERNATIONAL TRADE - Activity & Markets

 

Country / Region

Estimated level of importance

Trading Activity

Asia / Pacific

Medium

Importing

Europe

Medium

Importing

India

Medium

Importing

Netherlands

Medium

Importing

Singapore

Medium

Importing

Thailand

Medium

Importing

Turkey

Medium

Importing

United Kingdom

Medium

Importing

GROUP STRUCTURE & AFFILIATED COMPANIES

 

N/a

 

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

=

0.813008 USD
United States Dollars

 

 

ADDITIONAL INFORMATION

 

Country

:

Brunei

Business Entity Name

:

JPRI SDN BHD

Primary Business Activity

:

Importer

Primary Industry

:

Consumer Products

 

Office Contact Details

Operating Address

:

44 Simpang 207 Jalan Tungku Kg Katok, Bandar Seri Begawan

Tel

:

[+673]-2446138

 

:

[+673]-2452365

Fax

:

[+673]-2446138

Email

:

jpri@brunet.bn

Postal Details

P.O. Box

:

2976 BS8675

Website Details

Website

:

http://www.jpri.biz/

Status

:

Normal - operational

Country of Registration

:

Brunei

Ownership Type

:

Registered ownership by Subject Business Entity

 

Primary Products

Products / Materials / Services Description

Activity

Beverages

Importing, Trading

Consumer products

Importing, Trading

Food products

Importing, Trading

Supermarket items

Importing, Trading

 

SIC PRODUCT CLASSIFICATION & ACTIVITY

Product/Service Description

Code

Activity

Food and Kindred Products

2000

Importing, Trading

Manufactured articles, nspf

3999

Importing, Trading

Services, NEC

8900

Service

Wholesale Trade-Durable Goods

5000

Importing, Trading

Wholesale Trade-Nondurable Goods

5100

Importing, Trading

 

HARMONIZED PRODUCT CLASSIFICATION & ACTIVITY

Product/Service Description

Code

Activity

Beverages, spirits & vinegar

2200

Importing, Trading

Business services, health, financial/insur. legal/real estate, hotels, and misc repairs

9900

Service

Food preparations

2106

Importing, Trading

Miscellaneous manufactured articles

9600

Importing, Trading

 

DETAILED PRODUCT CLASSIFICATION & ACTIVITY

Products / Materials / Services Description

Ranking

Activity

Supermarkets

Secondary

Service

 

CORE BUSINESS DESCRIPTION

Core Business

The primary business focus of JPRI SDN BHD is Importing - Finished products.

Key products include :

Beverages

Consumer products

Food products

Supermarket items

 

 

Supplementary Business

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

Service

Specialized professional services, including:

Supermarkets

Trading

Trading - Finished products

 

LOCAL BRANCHES & MANAGEMENT

Branch

:

JPRI SDN BHD - BANDAR SERI BEGAWAN

Branch Address

:

6 & 7 Delima Jaya Complex Block A, Bandar Seri Begawan

 

OFFICE & FACILITIES

The following information relates to the Business Entity's office as listed above:

Name

:

JPRI SDN BHD - BANDAR SERI BEGAWAN

Primary Use

:

Office & Administration facilities

Address

:

44 Simpang 207 Jalan Tungku Kg Katok, Bandar Seri Begawan

Country

:

Brunei

Status

:

Operational

 

 

PREVIOUS BUSINESS LICENSE/S

 

License Date

License No.

n/a

RC00005008

 

 

NOTES & COMMENTS

 

N/a

 


 

FOREIGN EXCHANGE RATES

 

Currency

Unit

Indian Rupees

US Dollar

1

Rs.59.87

UK Pound

1

Rs.100.98

Euro

1

Rs.82.40

 

INFORMATION DETAILS

 

Analysis Done by :

DIV

 

 

Report Prepared by :

PDT

 

               

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.