Attachment 1
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Report
Update On |
26th November, 2002 |
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Report on |
PURNAMA JAYA |
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Registered Office |
9 Amber Gardens, 11-17, Singapore 439958 |
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Tel. No. |
6342 0614 |
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Fax No. |
6440 1794 |
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E-Mail |
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Telex |
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Attachment 2
SUMMARY
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Incorporated |
05.11.1990 |
Status |
Satisfactory – Small Company |
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Registration No. |
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Chief Executive |
Mr. Purshotamdas |
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Capital (S$) |
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Payments |
Regular |
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Sales (S$) |
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Litigation |
Clear |
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Net Worth (S$) |
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Banking Reputation |
Unknown |
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No. of Employees |
Not Available |
Auditors |
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Credit Rating |
Ba (See attachment 3) |
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COMPANY IDENTIFICATION
Subject Company : PURNAMA JAYA
Business Address: 9 AMBER GARDENS
11-17
Town: SINGAPORE Postcode: 439958
County:
Country: Singapore
Telephone: 6342 0614 Fax: 6440 1794
Telex: Not Listed
ROC Number: 43629500L Reg. Town:
SUMMARY
Legal Form: Sole Proprietor Date Inc.:
05/11/1990
Previous Legal Form: Date of Change:
Summary year : All amounts in this report are in : SGD
Sales:
Capital: Paid-Up Capital:
Employees: Net result :
Share value:
REFERENCES
Credit Requested: Credit Opinion:
Protested Bills: No
Litigation: No
Company status : TRADING Started : 15/11/1990
PRINCIPAL(S)
PURSHOTAMDAS S/O BHOJUMAL S2034681G Manager
DIRECTOR(S)
PURSHOTAMDAS S/O BHOJUMAL S2034681G Manager
Appointed on : 02/11/1990
Street : 9 AMBER GARDENS
11-17
Town: SINGAPORE
Postcode: 439958
Country: Singapore
ACTIVITY(IES)
TEXTILE FIBRES Code:21430
1) TEXTILES
2) WEARING APPAREL FOR ADULTS
CHARGES
No
Charges On Premises/Property In Our Database
PREMISES/PROPERTY INFORMATIONS
No
Premises/Property Information In Our Databases
BANKERS
INDIAN BANK
SHAREHOLDERS(S)
MIRCHUMAL THAKUMAL
Proprietor
Street : JLN BATU JULIS 13 NO 29
JAKARATA
Town:
Postcode:
Country: Indonesia
SUBSIDIARY(IES)
No
Participation In Our Database
PAYMENT HISTORY AND EXPERIENCES
Trade Morality: AVERAGE
Liquidity : UNKNOWN
Payments : REGULAR
Trend : LEVEL
Financial Situation:UNKNOWN
LITIGATION(S)
No
Litigation In Our Database
SINGAPORE: COUNTRY RATING
SHORT-TERM: A2
MEDIUM-TERM: VERY
LOW RISK
SINGAPORE IS
EXTREMELY DEPENDENT ON THE FLUCTUATIONS OF WORLD TRADE, ESPECIALLY IN THE ELECTRONICS
SECTOR. AFTER A GROWTH RATE OF ALMOST 10% IN 2000, 2001 DIFFERED WITH A SHARP
RECESSION.
HOWEVER, THIS POOR
PERFORMANCE WAS MAINLY DUE TO THE DOWNTURN IN INTERNATIONAL DEMAND AND TO A
FOCUS IN A SECTOR PARTICULARLY AFFECTED BY THE CURRENT ECONOMIC SITUATION. THE
GROWTH RATE COULD TAKE OFF AGAIN ONCE AN UPTURN IN THE DEMAND FOR ELECTRONIC
PRODUCTS OCCURS. CORE ECONOMIC INDICATORS REMAIN EXCELLENT. FOREIGN CURRENCY
RESERVES ARE ENORMOUS.
SINGAPORE COULD,
NEVERTHELESS, SUFFER FROM A LOSS OF COMPETITIVENESS IN THE REGION DUE TO HIGH
LABOUR COSTS. MOREOVER, THE DISAPPOINTING PERFORMANCE OF ASEAN AND THE INCREASE
POLITICAL RISKS IN SOUTH-EAST ASIA SINCE THE LAST ASIAN CRISIS, HAS HAMPERED
THE DEVELOPMENT OF SINGAPORE AS A MAJOR FINANCIAL CENTER.
ON THE OTHER HAND,
THE ISLAND HAS UNRIVALLED ASSETS SUCH AS A PARTICULARLY EFFICIENT EDUCATION
SYSTEM, A PROTECTED ENVIRONMENT, A HIGH LEVEL OF SECURITY AND A TOP QUALITY
INFRASTRUCTURE.
WHOLESALE AND RETAIL TRADE SECTOR
THE WHOLESALE AND RETAIL SECTOR RECORDED A
RISE OF 3.8% IN THE 2ND QUARTER, A SHARP CONTRAST FROM THE 3.8%
CONTRACTION IN THE 1ST QUARTER. THE IMPROVED PERFORMANCE IS DUE TO
THE RECOVERY IN ENTREPOT TRADE. WITH
THE IMPROVING GLOBAL ECONOMY, NON-OIL
RE-EXPORTS MOVED BACK INTO POSITIVE TERRITORY, REGISTERING A 4.1% RISE IN THE 2ND
QUARTER AS OPPOSED TO THE 5.6% DECLINE IN THE PREVIOUS QUARTER.
DUE TO THE SLUGGISH EMPLOYMENT MARKET AND THE
SLOW PICK-UP IN VISITOR ARRIVALS,
RETAIL TRADE CONTINUED TO BE WEAK, FELLING BY 6.1% IN REAL TERMS, ALMOST
TWICE THE RATE OF DECLINE OF 3.1% IN THE 1ST QUARTER. THE SALES OF
MOTOR VEHICLES LED THE DECLINE IN THE INDEX BY DECLINING 14%, FELLING FURTHER
FROM THE 6.6% DECLINE IN THE PRECEDING QUARTER.
BUSINESS OUTLOOK FOR THE COMMERCE SECTOR FOR
JUN-DEC 2002 IS EXPECTED TO BE AT THE SAME LEVEL AS THE 1ST HALF OF 2002. THIS
REPRESENTS A MARGINAL IMPROVEMENT COMPARED TO THE NEGATIVE NET BALANCE OF 5%
REGISTERED IN THE PRECEDING QUARTER. AS
THE HOTELIERS FORECAST MORE UPCOMING INTERNATIONAL CONVENTIONS AND EXHIBITIONS
IN THE NEXT 6 MONTHS, THEY ARE THE MOST OPTIMISTIC. WHOLESALERS ALSO ANTICIPATE BETTER BUSINESS CONDITIONS. IN
PARTICULAR, THOSE DEALING WITH AUDIO & VIDEO PRODUCTS, ELECTRONIC
COMPONENTS AND OFFICE EQUIPMENT EXPECT IMPROVEMENTS IN THEIR BUSINESS. IN THE
CATERING TRADE, FAST FOOD OUTLETS AND
FOOD CATERERS EXPRESS FAVOURABLE SENTIMENTS AS WELL. AMONG RETAILERS, THOSE
DEALING WITH COMPUTERS AND JEWELERY, MOTOR VEHICLES FORECAST SLUGGISH BUSINESS
IN THE 2ND HALF OF THE YEAR.
SOURCE : MINISTRY
OF TRADE AND INDUSTRY, SINGAPORE
SINGAPORE DEPARTMENT OF
STATISTICS
FINANCIAL COMMENTS
FINANCIAL ELEMENTS
BEING A SOLE PROPRIETORSHIP BUSINESS,
THERE IS NO OBLIGATIONS ON THE
PART OF THE OWNER TO SUPPLY REGULAR
FINANCIAL UPDATES TO THE REGISTRY
OF COMPANIES AND BUSINESSES.THE CREDIT
OPINION IS BASED ON
NON-FINANCIAL INDICATORS AS WELL AS
OTHER BUSINESS ELEMENTS
AND DATA AVAILABLE.
NO FINANCIAL INFORMATION WAS REVEALED BY
THE MANAGEMENT.
BACKGROUND/OPERATION
THE SUBJECT WAS REGISTERED IN THE
REPUBLIC OF SINGAPORE ON
5 NOVEMBER 1990 AND COMMENCED BUSINESS
ON 15 NOVEMBER 1990
AS A SOLE PROPRIETORSHIP UNDER THE
NAMESTYLE OF PURNAMA JAYA
THE LICENCE WAS RENEWED ON 15 OCTOBER
2000 AND WILL EXPIRE ON
5 NOVEMBER 2003.
PURSHOTAMDAS S/O BHOJUMAL HAS BEEN THE
MANAGER OF THE BUSINESS
SINCE 2 NOVEMBER 1990.
SUBJECT'S PRINCIPAL ACTIVITIES AS
REGISTERED WITH THE REGISTRY OF
COMPANIES AND BUSINESSES ARE :
1) TEXTILES
2) WEARING APPAREL FOR ADULTS
FROM THE TELE-INTERVIEW CONDUCTED, WE
GATHER THAT THE COMPANY IS
INVOLVED IN THE TRADING OF TEXTILES.
THEIR TEXTILES ARE
IMPORTED FROM JAPAN, KOREA, INDIA AND
CHINA. THEIR BUSINESS
IS TRANSHIPMENT WHERE THE PRODUCTS ARE
100% RE-EXPORTED TO INDONESIA.
LASTLY,
ITS REGISTERED AND OPERATING ADDRESS :
9 AMBER GARDENS
11-17
SINGAPORE 439958
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OWNED BY THE OWNER
MANAGEMENT
THE OWNERS AT THE TIME OF THE REPORT
ARE:
1)PURSHOTAMDAS S/O BHOJUMAL, SINGAPORE PERMANENT RESIDENT
HOLDS NO OTHER BUSINESS INTERESTS IN
OUR DATABASE
ADVERSE ON DIRECTORS
OWNER'S NAME:PURSHOTAMDAS S/O BHOJUMAL
ADVERSE REPORT AGAINST OWNER:NIL
PROPERTY OWNERSHIP: OWNS 1 PROPERTY
ESTIMATED VALUE:SGD800,000
CO-OWNER: LAXMI BAI A/P TIKAMDAS CHUHUR
MALL
Attachment 3
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SCORE SHEET |
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SCORE |
CREDIT 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. Maybe drawn to slightly
difficult position as unfavourable conditions arise. Minimal assurance for
timely payment on interest and principal sums |
Moderate |
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26-40 |
B |
Unfavourable &
favourable factors carry similar weight in credit consideration. Capability to
overcome financial difficulties seems comparatively limited or considered not
known. Capability to pay both interest and principal sums is doubtful |
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 |
Attachment 4
ACKNOWLEDGEMENT
Dear Sir/Madam,
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GOOD |
FAIR |
POOR |
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Further Comments/Suggestion :
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Company’s Stamp &
Signature