MIRA INFORM REPORT

 

 

Report No. :

308708

Report Date :

26.02.2015

 

IDENTIFICATION DETAILS

 

Name :

PREMIER-LINK TRADING COMPANY

 

 

Registered Office :

Lot 7 Simpang 557 Kampong Salar Industrial Estate Jalan Muara, Mukim Mentiri, Brunei-Muara BU1529

 

 

Country :

Brunei

 

 

Date of Incorporation :

10.09.2005

 

 

Legal Form :

Sole-Proprietorship

 

 

Line of Business :

Importer of Food Products.

 

 

No. of Employees :

20

 

 

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 – December 31, 2014

 

Country Name

Previous Rating

(30.09.2014)

Current Rating

(31.12.2014)

Brunei

A2

A2

 

Risk Category

ECGC Classification

Insignificant

 

A1

Low

 

A2

Moderate

 

B1

High

 

B2

Very High

 

C1

Restricted

 

C2

Off-credit

 

D

 

 

BRUNEI - 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

:

PREMIER-LINK TRADING COMPANY

Address

:

Lot 7 Simpang 557 Kampong Salar Industrial Estate Jalan Muara, Mukim Mentiri, Brunei-Muara BU1529

Country

:

Brunei

Phone (S)

:

[+673]-2792407

Facsimile

:

[+673]-2792402

Email

:

ttl@brunet.bn

Primary Business Activity

:

Importer

Key Industry

:

Food Products

 

Key Facts

 

Registered Legal Address

:

Lot 7 Simpang 557 Kampong Salar Industrial Estate Jalan Muara, Mukim Mentiri, Brunei-Muara BU1529

Operational Address

:

Lot 7 Simpang 557 Kampong Salar Industrial Estate Jalan Muara, Mukim Mentiri, Brunei-Muara BU1529

Issuing Authority

:

Registrar of Business Names - National

License Number

:

P/66372/2005

License Status

:

License exists - Normal.

Legal Form - Category

:

Sole-proprietorship

Legal Form

:

Not Applicable

Legal Form - Abbreviation

:

Not Applicable

Operational Status of Business

:

Normal

Date of Registration

:

10 Sep, 2005

Employees

:

20

Capital

:

n/a(1)

Note

:

(1) Not applicable.
According to the corporate statutory laws for this type of Legal Form - Category(Sole-proprietorship) in Brunei, there is no requirement for Authorized Capital.

 

Report Details

 

 

Country

:

Brunei

Business Entity Name

:

PREMIER-LINK TRADING COMPANY

Primary Business Activity

:

Importer

Primary Industry

:

Food Products

Office Contact Details

Operating Address

:

Lot 7 Simpang 557 Kampong Salar Industrial Estate Jalan Muara, Mukim Mentiri, Brunei-Muara BU1529

Tel

:

[+673]-2792407

Fax

:

[+673]-2792402

Email

:

ttl@brunet.bn

Tax / VAT Details

Tax Number

:

P/66372/2005

 

 

DIRECTORS/MANAGEMENT

 

Key Person

Legal Title

:

Proprietor / Owner

Name

:

Mr. Too-Liang Tan

Registered Address

:

127 Simpang 301-16 Kampong Kapok Kanan Jalan Muara, Mukim Serasa, Brunei-Muara

Nationality

:

Bruneian

 

 

COMPANY MANAGEMENT

 

Management Listings

 

 

Name

Nationality

Job Description

Dept. / Division

1

Ms. Xenia Siao

Filipino

Secretary

-

 

 

Management Details - 1

Personal Unique Identifier

:

MI03799984

Name

:

Ms. Xenia Siao

 

 

 

NEGATIVE INFORMATION

 

 

REPUTATION

 

Due to the fact PREMIER-LINK TRADING COMPANY is a sole-proprietorship, it has not been possible to identify any form of existing reputation within the respective industry sector.

 

 

NEGA-SCAN - ADVERSE DATA MONITORING

 

 

DISHONORED CHECKS

 

No Record Found

 

http://www.asiancredit.com/Manage/Image/space.gif

 

DEBT

 

No Record Found

 

http://www.asiancredit.com/Manage/Image/space.gif

 

CIVIL LITIGATION

 

No Record Found

 

http://www.asiancredit.com/Manage/Image/space.gif

 

PERFORMANCE DEFAULTS

 

No Record Found

 

http://www.asiancredit.com/Manage/Image/space.gif

 

ADVERSE LOCAL MEDIA COVERAGE / ADVERSE FILING HISTORY

 

No Record Found

 

http://www.asiancredit.com/Manage/Image/space.gif

 

SHARE & SHARE CAPITAL INFORMATION

 

NA

 

 

PAYMENT INFORMATION

 

 

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

 

 

GROUP STRUCTURE & AFFILIATED COMPANIES

 

NA

 

 

FINANCIAL INFORMATION

 

 

FINANCIAL STATEMENT - DETAILED

 

Based on the corporate laws of Brunei, legal entities which are Sole-proprietorship are not required to make public disclosure of their annual financials. Therefore no financials are available for this entity.

 

 

FOREIGN EXCHANGE RATES

 

NA

 

 

ADDITIONAL INFORMATION

 

Primary Products

Products / Materials / Services Description

Activity

Butter

Importing, Trading

Cheese

Importing, Trading

Chicken

Importing, Trading

Dairy cattle

Importing, Trading

Dairy products

Importing, Trading

 

 

 

SIC PRODUCT CLASSIFICATION & ACTIVITY

 

Product/Service Description

Code

Activity

Canned and cured fish and seafoods

2091

Importing, Trading

Cheese, natural and processed

2022

Importing, Trading

Chicken Eggs

0252

Importing, Trading

Creamery butter

2021

Importing, Trading

Dairy Products

5143

Importing, Trading

Fish & Seafoods

5146

Importing, Trading

Food and Kindred Products

2000

Importing, Trading

Food products, nspf

2099

Importing, Trading

Fresh/Frozen Fish/Seafoods, NEC

2092

Importing, Trading

Frozen fruits, fruit juices, and vegetables

2037

Importing, Trading

 

 

 

HARMONIZED PRODUCT CLASSIFICATION & ACTIVITY

 

Product/Service Description

Code

Activity

Butter and other fats and oils derived from milk

0405

Importing, Trading

Buttermilk, yogurt, kephir etc, flavored etc or not

0403

Importing, Trading

Cheese and curd

0406

Importing, Trading

Chicken cuts and edible offal (including livers) frozen

0207140000

Importing, Trading

Dairy products

0405207000

Importing, Trading

Dairy, eggs, honey, & ed. products

0400

Importing, Trading

Fish fillets & other fish meat, fresh, chilled or frozen

0304

Importing, Trading

Fish, frozen (no fish fillets or other fish meat)

0303

Importing, Trading

Food preparations

2106

Importing, Trading

Fruit juices (& grape must) & veg juice, no spirit

2009

Importing, Trading

 

 

 

DETAILED PRODUCT CLASSIFICATION & ACTIVITY

 

Products / Materials / Services Description

Ranking

Activity

Eggs

Primary

Importing, Trading

Fish

Primary

Importing, Trading

Foodstuffs

Primary

Importing, Trading

Frozen meat

Primary

Importing, Trading

Frozen seafoods

Primary

Importing, Trading

Ice cream

Primary

Importing, Trading

Ice cream mixes

Primary

Importing, Trading

Juices

Primary

Importing, Trading

Meats

Primary

Importing, Trading

Poultry products

Primary

Importing, Trading

 

 

 

CORE BUSINESS DESCRIPTION

 

Core Business

 

The primary business focus of PREMIER-LINK TRADING COMPANY is Importing - Finished products.

Key products include :

Butter

Cheese

Chicken

Dairy cattle

Dairy products

Eggs

Fish

Foodstuffs

Frozen meat

Frozen seafoods

Ice cream

Ice cream mixes

Juices

Poultry products

Seafood

Yoghurt

 

 

 

Supplementary Business

 

In addition to the core business, PREMIER-LINK TRADING COMPANY also is engaged in the following areas of business:

Trading

Trading - Finished products

 

 

 

DOMESTIC SALES & PURCHASES

 

 

 

Annual Sales Analysis

Percentage

Domestic Sales

100%

 

Annual Purchases Analysis

Percentage

Local Purchases

10%

Imports

90%

 

 

 

LOCAL BRANCHES & MANAGEMENT

 

Branch

:

PREMIER-LINK TRADING COMPANY - MUKIM BERAKAS, BRUNEI-MUARA

Branch Address

:

Unit 47 & 48 Ground Fl Blk E Edr 28902 Lot 31678 Kampong Madang, Mukim Berakas, Brunei-Muara BC3715

Primary use of location

:

#1. Retail outlet

 

 

 

 

INTERNATIONAL TRADE - Activity & Markets

 

 

Country / Region

Estimated level of importance

Trading Activity

Asia / Pacific

High

Importing

Malaysia

High

Importing

 

 

 

 

OFFICE & FACILITIES

 

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

 

Name

:

PREMIER-LINK TRADING COMPANY - MUKIM MENTIRI, BRUNEI-MUARA

Primary Use

:

Office & Administration facilities

Address

:

Lot 7 Simpang 557 Kampong Salar Industrial Estate Jalan Muara, Mukim Mentiri, Brunei-Muara BU1529

Country

:

Brunei

Status

:

Operational

 

 

 

WAREHOUSING FACILITIES

 

Name

:

PREMIER-LINK TRADING COMPANY - MUKIM LUMAPAS, BRUNEI-MUARA

Address

:

1-3 Ground Fl Junjongan Industrial Area Blk 7, Mukim Lumapas, Brunei-Muara BH2123

Country

:

Brunei

Status

:

Operational

 

 

 

APPROVED SIGNATURES

 

The Company Director/s listed below maintain the legal right to sign on behalf of the company:

Name

Mr. Too-Liang Tan

 

NOTES & COMMENTS

 

NA

 

FOREIGN EXCHANGE RATES

 

Currency
Unit

Indian Rupees

US Dollar

1

Rs.62.05

UK Pound

1

Rs.96.03

Euro

1

Rs.70.43

 

INFORMATION DETAILS

 

Analysis Done by :

KAR

 

 

Report Prepared by :

NIT

 

               

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.