GENERAL MAGNETICS LIMITED

Business Description

GENERAL MAGNETICS LIMITED is registered as a business entity on 05 April 1973 (51.9 years ago) structured as a Public Company Limited By Shares (Local Company) with 5 officer(s) in-charge. The business jurisdiction is overseen by the Accounting and Corporate Regulatory Authority (ACRA), a government agency from Singapore with the given Business Registration Number / Unique Entity Number (UEN) 197300630H. The business official address is located at 625 Lorong 4 Toa Payoh General Magnetics, Singapore 319519 with main trading activity as Manufacture Audio Combination Equipment in the primary industry of 26400: Manufacture Of Consumer Electronics using Singapore Dollars - SGD as its default trading currency. The business legal name has undergone change(s) and is previously known as TONY WONG COMPANY (PTE) LIMITED, TONY MAGNETICS PTE LTD. The business annual account filing date falls on 31 July and is currently operational with the status of 'Live Company'. The business paid up share capital is SGD 38,771,033, with preference share capital of SGD 0, and other share capital at SGD 0.

In the past 365 days, GENERAL MAGNETICS LIMITED has received a total of Login to view reported payment review(s). 15 were rated Good and Login to view were rated Poor. The latest review was made on 2023-07-27 and it was reported "Good". The aggregated good payment amount is equivalent to USD 9,690, and aggregated poor payment amount is equivalent to USD Login to view. Its current payment rating of "A" suggest a healthy payment culture where settlement with stakeholders is always prioritised. Since the business is currently active, it also signals positive financial standing. The appointment of OA ASSURANCE PAC as auditor indicates that the business is medium to large sized as it is required to meet additional regulatory requirements either due to reported revenue or assets exceeding SGD 10 million or has more than 50 employees in the previous two fiscal years.

GENERAL MAGNETICS LIMITED is not yet a Prompt Payment Initiative Signatory.

Last updated on 30 April 2023