PETRO PROGRESS PTE LTD

Business Description

PETRO PROGRESS PTE LTD is registered as a business entity on 19 March 1994 (31.0 years ago) structured as a Private Company Limited By Shares (Local Company) with 6 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) 199401884R. The business official address is located at 5 Shenton Way #13-06, Uic Building, Singapore 68808 with main trading activity as Trading Of Crude Oil And Petroleum Products in the primary industry of 46610: Wholesale Of Fuels And Related Products using Singapore Dollars - SGD as its default trading currency. The business name remains unchanged since inception. 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 NaN, with preference share capital of SGD NaN, and other share capital at SGD NaN.

In the past 365 days, PETRO PROGRESS PTE LTD has received a total of Login to view reported payment review(s). 18 were rated Good and Login to view were rated Poor. The latest review was made on 2023-08-22 and it was reported "Good". The aggregated good payment amount is equivalent to USD 18,810, 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 KPMG LLP 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.

PETRO PROGRESS PTE LTD is not yet a Prompt Payment Initiative Signatory.

Last updated on 30 April 2023