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MIRA INFORM
REPORT
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Report Date
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9th
May 2006 |
IDENTIFICATION
DETAILS
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Name : |
BATAVIA EXIMP & CONTRACTING (S) PTE LTD |
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Registered
Office : |
63 Robinson Road, #07-16 Afro-Asia
Building, 068894 Singapore |
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Date of
Incorporation : |
14/03/1981 |
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Com. Reg.
No.: |
198101038D
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Legal Form : |
Exempt Pte Ltd |
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Line of
Business : |
Wholesalers of timber and log, plywood, sawn timber, mdf,
teakwood specialist. |
RATING & COMMENTS
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MIRA’s
Rating : |
Ba |
RATING
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STATUS |
PROPOSED CREDIT LINE |
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41-55 |
Ba |
Overall
operation is considered normal. Capable to meet normal commitments. |
Satisfactory |
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Status : |
Satisfactory |
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Payment
Behaviour : |
Regular |
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Litigation : |
Clear |
Subject Company
BATAVIA EXIMP & CONTRACTING
(S) PTE LTD
Line Of Business
WHOLESALER OF TIMBER AND LOG,
PLYWOOD, SAWN TIMBER, MDF,
TEAKWOOD SPECIALIST
Parent Company
-
Financial Elements
Sales :
-
Networth : -
Paid-Up Capital :
S$1,750,000
Net result :
-
Net Margin(%) :
-
Return on Equity(%) : -
Leverage Ratio :
-
Rating:
Credit Requested : -
Credit Rating : Singapore $ 1000001 to Singapore $ 5000000
Credit Opinion : -
BUSINESS INFORMATION REPORT
COMPANY IDENTIFICATION
Subject Company : BATAVIA
EXIMP & CONTRACTING (S) PTE LTD
Former Name : -
Business Address: 63 ROBINSON ROAD
#07-16
AFRO-ASIA BUILDING
Town: SINGAPORE
Postcode: 068894
County:
Country: Singapore
Telephone: 6225
5633
Fax: 6225
5733
ROC Number: 198101038D
Reg. Town:
SUMMARY
Legal Form: Exempt
Pte Ltd
Date Inc.: 14/03/1981
Previous Legal Form: -
Summary year : -
All amounts in this report are in
: SGD
Sales: -
Capital: -
Paid-Up Capital: 1,750,000
Employees: 5
Net result :
Share value: -
AUDITOR: KUEK BUCK HIONG & CO
REFERENCES
Report Date: 05/04/2006
Update
Date: 05/04/2006
Credit Requested: -
Credit Opinion: -
Litigation: Yes
Company status : TRADING
Started : 14/03/1981
PRINCIPAL(S)
MODY ATISH JITENDRA F0650531R Managing Director
DIRECTOR(S)
CHUA CHIN SEONG S2009039A Director
Appointed on : 16/05/1983
Street : 14A CAMDEN
PARK
Town: SINGAPORE
Postcode: 299816
Country: Singapore
JAYANTKUMAR CHANDULAL KAPASI S2652516J Director
Appointed on : 20/10/1986
Street : 37 MOUNT
SINAI RISE
#12-02
Town: SINGAPORE
Postcode: 276956
Country: Singapore
MODY ATISH JITENDRA F0650531R Managing Director
Appointed on : 01/12/1989
Street : 83 MEYER ROAD
#12-02
Town: SINGAPORE
Postcode: 437910
Country: Singapore
MODY ATISH JITENDRA F0650531R Director
Appointed on : 01/06/1984
Street : 83 MEYER ROAD
#12-02
Town: INGAPORE
Postcode: 437910
Country: Singapore
WONG SOOK ENG S2167747G Company Secretary
Appointed on : 17/05/1983
Street : 36 BEDOK
SOUTH AVENUE 2
#16-405
Town: SINGAPORE
Postcode: 460036
Country: Singapore
RASESHKUMAR CHANDULAL KAPASI V096272 Director
Appointed on : 21/07/1986
Street : SPECOM P O
BOX 1070 AREA
CODE 112 MUSCAT SULTANATE OF OMAN
Town: OMAN
Postcode:
Country: Oman
VIJAY CHANDULAL KAPASI V321384 Director
Appointed on : 16/05/1983
Street : SPECOM P O
BOX 1070 AREA
CODE 112 MUSCAT SULTANATE OF OMAN
Town: OMAN
Postcode:
Country: Oman
HASANMIYA SULEMAN DARVESH Z1015996 Director
Appointed on : 16/05/1983
Street : ABOU NABIL
LLC P O BOX
174 AREA CODE 114 MUSCAT SULTANATE
OF OMAN
Town: OMAN
Postcode:
Country: Oman
ACTIVITY(IES)
IMPORTERS And EXPORTERS Code:11760
COMMISSION MERCHANTS Code:4990
BASED ON ACRA'S RECORD AS AT
30/03/2006
1) GENERAL WHOLESALE TRADE
(INCLUDING GENERAL IMPORTERS AND EXPORTERS)
2) WHOLESALE ON A FEE OR CONTRACT
BASIS (E.G. COMMISSION AGENCIES)
CHARGES
Date: 12/12/2003
Comments : CHARGE
NO: C200306006
AMOUNT SECURED: 0.00 AND ALL MONIES OWING
CHARGEE: INDIAN BANK
PREMISES/PROPERTY INFORMATIONS
No Premises/Property Information In Our Databases
BANKERS
INDIAN BANK
BANK OF BARODA (HONG KONG) LTD
INDIAN OVERSEAS BANK
SHAREHOLDERS(S)
MODY ATISH JITENDRA 87,500 Private Person
Street : 83 MEYER ROAD
#12-02
Town: SINGAPORE
Postcode: 437910
Country: Singapore
CHUA CHIN SEONG 350,000 Private Person
Street : 14A CAMDEN
PARK
Town: SINGAPORE
Postcode: 299816
Country: Singapore
JAYANTKUMAR CHANDULAL KAPASI 87,500
Private Person
Street : 37 MOUNT
SINAI RISE
#12-02
Town: SINGAPORE
Postcode: 276956
Country: Singapore
RASESHKUMAR CHANDULAL KAPASI 87,500
Private Person
Street : M/S SPECOM P
O BOX 1070
AREA CODE 112 MUSCAT
SULTANATE OF OMAN
Town:
Postcode:
Country: India
HASANMIYA SULEMAN DARVESH 507,500
Private Person
Street : ABOU NABIL
LLC P O BOX
174 AREA CODE 114 MUSCAT SULTANATE
OF OMAN
Town: OMAN
Postcode:
Country: Oman
KAPASI RANJIT CHANDULAL 87,500 Private Person
Street : MODERN GARMENT
FACTORY
P O BOX 2152 AREA CODE 112 RUWI
SULTANATE OF OMAN
Town:
Postcode:
Country: Oman
VIJAY CHANDULAL KAPASI 542,500 Private Person
Street : SPECOM P O
BOX 1070 AREA
CODE 112 MUSCAT SULTANATE OF OMAN
Town: OMAN
Postcode:
Country: Oman
FORMER SHAREHOLDER(S)
CHUA CHIN SEONG 200,000
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)
Type Of Case: Magistrate
Court - W/S
Case Number: MCS20446/1996
Defendant BATAVIA
EXIMP & CONTRACTING (S) P
ROC #
: 198101038D
FINANCIAL COMMENTS
LIMITED EXEMPT PRIVATE COMPANY:
WHERE THE SHARES OF A PRIVATE
COMPANY ARE NOT OWNED BY ANY CORPORATE BODY AND THERE ARE NO MORE THAN 20
MEMBERS, THE PRIVATE COMPANY IS KNOWN AS AN EXEMPT PRIVATE COMPANY.
AN EXEMPT PRIVATE COMPANY ENJOYS A
GREATER AMOUNT OF PRIVACY THAN A PRIVATE COMPANY. IT IS NOT REQUIRED TO FILE
ACCOUNTS WITH THE REGISTRAR IF IT CAN PRODUCE A CERTIFICATE SIGNED BY ONE OF
ITS DIRECTORS, SECRETARY AND AUDITOR CONFIRMING THE FOLLOWING POINTS:
1. THE COMPANY IS AN EXEMPT
PRIVATE COMPANY.
2. THE AUDITED ACCOUNTS HAVE BEEN
TABLED BEFORE THE SHAREHOLDERS AT THE ANNUAL GENERAL MEETING.
3. THE COMPANY IS ABLE TO MEET ITS
LIABILITIES.
THERE IS THEREFORE NO DISCLOSURE
TO THE PUBLIC OF THE ACCOUNTS OF THE COMPANY ALTHOUGH THE ACCOUNTS STILL HAVE
TO BE AUDITED EVERY YEAR AND APPROVED AT AN ANNUAL GENERAL MEETING OF THE
COMPANY.
A PRIVATE COMPANY THAT IS WHOLLY
OWNED BY THE GOVERNMENT MAY
BECOME AN EXEMPT PRIVATE COMPANY
IF THE MINISTER FOR FINANCE, IN THE NATIONAL INTEREST, DECLARES IT TO BE SUCH
BY A GAZETTE NOTIFICATION.
EXEMPT FROM AUDIT
AN EXEMPT PRIVATE COMPANY IS
EXEMPT FROM AUDIT REQUIREMENTS IF THE STARTING DATE OF ITS FINANCIAL YEAR IS
BETWEEN 15 MAY 2003 AND 31 MAY 2004 AND ITS TURNOVER FOR THAT FINANCIAL YEAR
DOES NOT EXCEED $2.5 MILLION. FOR FINANCIAL YEARS STARTING 1 JUNE 2004, THE
AMOUNT OF THE TURNOVER HAS BEEN RAISED TO $5 MILLION. THESE COMPANIES ARE STILL
REQUIRED TO MAINTAIN PROPER ACCOUNTING.
BACKGROUND/OPERATION
THE COMPANY WAS INCORPORATED IN
THE REPUBLIC OF SINGAPORE ON
14/03/1981 AS A LIMITED EXEMPT
PRIVATE COMPANY AND IS TRADING UNDER ITS PRESENT NAMESTYLE AS "BATAVIA
EXIMP & CONTRACTING (S) PTE LTD".
AS AT 30/03/2006, THE COMPANY
HAS ISSUED AND PAID-UP CAPITAL OF
1,750,000 SHARES OF A VALUE OF
S$1,750,000.
PRINCIPAL ACTIVITIES:
SUBJECT IS REGISTERED WITH THE
ACCOUNTING & CORPORATE REGULATORY AUTHORITY (ACRA) TO BE PRINCIPALLY
ENGAGED IN THE BUSINESS OF:
1) GENERAL WHOLESALE TRADE
(INCLUDING GENERAL IMPORTERS AND EXPORTERS)
2) WHOLESALE ON A FEE OR CONTRACT
BASIS (E.G. COMMISSION AGENCIES)
FROM THE RESEARCH DONE, THE
FOLLOWING INFORMATION WAS GATHERED:
SUBJECT ENGAGES IN THE FOLLOWING
ACTIVITIES:
*WHOLESALER OF TIMBER AND LOG,
PLYWOOD, SAWN TIMBER, MDF,
*TEAKWOOD SPECIALIST
SUBJECT IS ALSO A MEMBER OF
FOLLOWING ENTITIES:
*SINGAPORE TIMBER EXPORTERS'
ASSOCIATION (STEA)
NO OTHER TRADE INFORMATION IS
AVAILABLE AS TELE-INTERVIEW WAS NOT GRANTED BY SUBJECT'S PERSONNEL ON
05/04/2006.
REGISTERED AND BUSINESS ADDRESS:
63 ROBINSON ROAD
#07-16
AFRO-ASIA BUILDING
SINGAPORE 068894
-RENTED PREMISE
-OWNED BY AFRO-ASIA SHIPPING
COMPANY (PRIVATE) LTD
-DATE OF CHANGE OF ADDRESS: -
WEBSITE:
-
EMAIL:
MANAGEMENT
THE DIRECTORS AT THE TIME OF THE
REPORT ARE:
1) MODY ATISH JITENDRA, AN INDIAN
-BASED IN SINGAPORE.
2) CHUA CHIN SEONG, A SINGAPOREAN
-OTHER DIRECTORSHIP(S) IN OUR
DATABASE:
KIAN GUAN INVESTMENTS PTE LTD
3) JAYANTKUMAR CHANDULAL KAPASI, A
SINGAPORE PERMANENT RESIDENT
-HOLDS NO OTHER DIRECTORSHIP IN
OUR DATABASE.
4) RASEHKUMAR CHANDULAL KAPASI, AN
INDIAN
-BASED IN SULTANATE OF OMAN.
5) VIJAY CHANDULAL KAPASI, AN
INDIAN
-BASED IN SULTANATE OF OMAN.
6) HASANMIYA SULEMAN DARVESH, AN INDIAN
-BASED IN SULTANATE OF OMAN.
ADVERSE ON DIRECTORS
DIRECTOR'S NAME:CHUA CHIN SEONG
ADVERSE REPORT AGAINST
DIRECTOR:NIL
PROPERTY OWNERSHIP:OWNS 1
ANNUAL VALUE:S$67,200
CO-OWNER (S): PANG LAY HUA
DIRECTOR'S NAME:JAYANTKUMAR
CHANDULAL KAPASI
ADVERSE REPORT AGAINST
DIRECTOR:NIL
PROPERTY OWNERSHIP:NIL
*ANNUAL VALUE IS THE ESTIMATED
ANNUAL RENT THE PROPERTY CAN FETCH IF IT WERE RENTED OUT. THE ANNUAL VALUE IS
DETERMINED IN THE SAME MANNER REGARDLESS OF WHETHER THE PROPERTY IS LET-OUT,
OWNER-OCCUPIED OR VACANT.
Singapore’s Country Rating 2005
Investment
Grade
The
steady political and economic environment has positive effects on an already
good payment record of companies. Very weak default probability.
AFTER THE ROBUST ECONOMIC RECOVERY
IN 2004, GROWTH SHOULD BECOME MORE MODERATE AMID A LIKELY SLOWDOWN OF WORLD
DEMAND FOR ELECTRONIC PRODUCTS, WITH THAT SECTOR REPRESENTING NEARLY TWO-THIRDS
OF SINGAPORE'S EXPORTS. THAT SLOWDOWN SHOULD NONETHELESS NOT JEOPARDISE THE
SATISFACTORY PAYMENT RECORD OF MOST COMPANIES.
MOREOVER, PUBLIC SECTOR ACCOUNTS SHOULD AGAIN SHOW A SLIGHT SURPLUS, WITH THE
PERSISTENCE OF SUBSTANTIAL EXTERNAL ACCOUNT SURPLUSES, LIMITED FOREIGN DEBT,
AND COMFORTABLE FOREIGN EXCHANGE RESERVES. FURTHERMORE, THE BANKING SYSTEM HAS
REMAINED ONE OF ASIA'S SOUNDEST, DESPITE STIFF DOMESTIC COMPETITION AND AN
APPRECIABLE PROPORTION OF NON-PERFORMING LOANS.
HOWEVER, SINGAPORE'S RE-EXPORT ACTIVITY HAS BEEN SAGGING AND THE CURRENT
DEVELOPMENT MODEL HAS REACHED ITS LIMITS. TO OFFSET THAT TREND, THE CITY-STATE
HAS BEEN WORKING TO IMPROVE ITS POSITIONING. TO ENHANCE SINGAPORE'S
ATTRACTIVENESS COMPARED TO OTHER REGIONAL COUNTRIES, GOVERNMENT AUTHORITIES
HAVE BEEN REDUCING TAXES ON COMPANIES AND INCREASING THE NUMBER OF INCENTIVES
AVAILABLE TO THEM. THEY HAVE ALSO BEEN PROGRESSIVELY PRIVATISING STATE-OWNED
ENTERPRISES. FINALLY, WHILE DIVERSIFYING ITS INDUSTRY TOWARD PETROCHEMICAL AND
PHARMACEUTICAL PRODUCTS, THE CITY-STATE HAS BEEN FOCUSING ON HIGH VALUE-ADDED
SERVICES, BIOTECHNOLOGY DEVELOPMENT, AND ADVANCED RESEARCH.
ASSETS
A STRATEGIC REGIONAL HUB,
SINGAPORE HAS ATTRACTED INVESTORS THANKS TO THE QUALITY OF ITS INFRASTRUCTURE
AND FINANCIAL SYSTEM.
THE WORKFORCE IS VERY WELL TRAINED
AND HIGHLY SKILLED.
ECONOMIC FUNDAMENTALS HAVE BEEN
PARTICULARLY GOOD.
THE BUSINESS ENVIRONMENT HAS BEEN
VERY FAVOURABLE.
POLITICAL CONTINUITY HAS BEEN
REMARKABLE.
WEAKNESSES
THE ECONOMY'S SPECIALISATION IN
ELECTRONIC HAS TENDED TO INCREASE ITS EXPOSURE TO SHIFTS IN WORLD ECONOMIC
CONDITIONS.
THE DIVERSIFICATION UNDER WAY, NOTABLY
IN SERVICES, SHOULD BE ACCELERATED TO BOLSTER THE ECONOMY'S COMPETITIVENESS IN
A REGIONAL ENVIRONMENT UNDERGOING PROFOUND CHANGE.
REFORMS ARE STILL NEEDED TO FOSTER
ENTREPRENEURIAL SPIRIT AND INNOVATION AS WELL AS MODERNISATION OF THE EDUCATION
SYSTEM.
WHOLESALE AND RETAIL TRADE SECTOR
PAST PERFORMANCE
WITH THE BOOST FROM THE STRONG GROWTH PERFORMANCE OF
NON-OIL RE-EXPORTS AND RETAIL SALES, THE WHOLESALE AND RETAIL TRADE SECTOR GREW
BY A HEALTHY 8.0% IN 3Q2005,
EASING SLIGHTLY FROM THE 8.7% GROWTH REGISTERED IN
2Q2005.
WHOLESALE TRADE
DOMESTIC WHOLESALE TRADE INDEX
THE OVERALL DOMESTIC WHOLESALE TRADE INDEX ROSE BY
20.5% OVER THE SAME PERIOD A YEAR AGO. EXCLUDING PETROLEUM, THE INDEX ROSE BY
8.9%.
THE RISE WAS ATTRIBUTED TO SHIP CHANDLERS & BUNKERING
AND WHOLESALE TRADE OF PETROLEUM & PETROLEUM PRODUCTS WITH 40% INCREASE.
THE HIGHER SALES WERE MAINLY DUE TO OIL PRICE INCREASES.
DOMESTIC SALES OF CHEMICALS & CHEMICAL PRODUCTS
ROSE BY 18.1%, CONTRIBUTED MAINLY BY THE WHOLESALING OF PETROCHEMICAL PRODUCTS.
SALES OF TELECOMMUNICATIONS & COMPUTERS, INDUSTRIAL & CONSTRUCTION
MACHINERY, TIMBER, PAINTS AND CONSTRUCTION MATERIALS ALSO POSTED RISES IN
3Q2005.
CONVERSELY, DOMESTIC SALES OF HOUSEHOLD EQUIPMENT
& FURNITURE FELL BY 11.6% IN 3Q2005, COMPARED TO A YEAR AGO.
AT CONSTANT PRICES, THE OVERALL INDEX ROSE SLIGHTLY BY
1.9% IN 3Q2005 OVER 3Q2004. EXCLUDING PETROLEUM, IT WAS 3.6% HIGHER THAN A YEAR
AGO.
ON A QUARTER-ON-QUARTER BASIS, THE OVERALL INDEX
POSTED A RISE OF 10.7% IN 3Q2005.
EXCLUDING PETROLEUM, THE INDEX ROSE MODERATELY BY
4.1%.
THERE WERE VARIOUS SECTORS WHICH CONTRIBUTED TO THE
OVERALL IMPROVEMENT, INCLUDING SHIP CHANDLERS & BUNKERING, WHOLESALING OF
PETROLEUM & PETROLEUM PRODUCTS, TELECOMMUNICATIONS & COMPUTERS AND
CHEMICALS & CHEMICAL PRODUCTS.
IN CONTRAST, FOOD, BEVERAGES & TOBACCO AND GENERAL
WHOLESALE TRADE FELL SIGNIFICANTLY BY 17.7% AND 15.1% RESPECTIVELY.
FOREIGN WHOLESALE TRADE INDEX
AS COMPARED TO 3Q2004, THE OVERALL FOREIGN WHOLESALE
TRADE FOR 3Q2005 ROSE BY 22%. EXCLUDING PETROLUEM, THE INDEX ROSE BY 10.2%.
SIMILAR TO THE DOMESTIC SALES, OVERSEAS SALES OF SHIP
CHANDLERS & BUNKERING AND WHOLESALERS OF PETROLEUM & PETROLEUM PRODUCTS
ROSE SUBSTANTIALLY BY 50.3% AND 38.6% OVER 3Q2004, MAINLY DUE TO THE HIGHER OIL
PRICES.
WHOLESALING OF ELECTRONIC COMPONENTS, INDUSTRIAL &
CONSTRUCTION MACHINERY AND TELECOMMUNICATIONS & COMPUTERS ALSO REPORTED
STRONG GROWTH IN OVERSEAS SALES.
FOLLOWING EIGHT SUCCESSIVE QUARTERS OF DOUBLE-DIGIT
GROWTHS, SALES OF CHEMICALS & CHEMICAL PRODUCTS INCREASED SLIGHTLY BY 2.5%
IN 3Q2005.
IN CONTRAST, FOREIGN SALES OF HOUSEHOLD EQUIPMENT
& FURNITURE FELL FURTHER IN 3Q2005 BY 13.7%. IT WAS LED BY THE WHOLESALING
OF TV AND SOUND REPRODUCING EQUIPMENT.
AT CONSTANT PRICES, THE OVERALL INDEX ROSE BY 7.6% IN
3Q2005 OVER 3Q2004. EXCLUDING PETROLEUM, IT WAS UP BY 10.8%.
IN COMPARISON TO 2Q2005, THE OVERALL INDEX FOR 3Q2005
REGISTERED A RISE OF 9.9%.
EXCLUDING PETROLEUM, THE GROWTH WAS LOWER AT 5.7%.
STRONG GROWTH WERE REPORTED IN WHOLESALE SECTORS OF
ELECTRONIC COMPONENTS, SHIP CHANDLERS & BUNKERING AND PETROLEUM &
PETROLEUM PRODUCTS.
RETAIL TRADE
RETAIL SALES CHALKED UP AN IMPRESSIVE 9.9% GROWTH IN
3Q2005, ALBEIT A MODERATION FROM THE SECOND QUARTER’S GROWTH RATE OF 12%. THE
SALES OF MOTOR VEHICLES EASED FROM 2Q2005 RISE OF 15%, BUT STILL GREW BY 12% IN
THE LAST QUARTER. EXCLUDING MOTOR VEHICLES, RETAIL SALES GREW BY 7.9% IN THIRD
QUARTER, BETTER THAN THE 7.5% RECORDED IN THE SECOND QUARTER.
ON A YEAR-ON-YEAR BASIS, MOST RETAIL SEGMENTS
REGISTERED BETTER SALES.
THE SEGMENTS WERE TELECOMMUNICATIONS AND COMPUTERS
(23%), WEARING APPAREL AND FOOTWEAR (12%), FURNITURE AND HOUSEHOLD EQUIPMENT
(11%), DEPARTMENT STORES (11%), FOOD AND BEVERAGES (9.2%), MEDICAL GOODS AND
TOILETRIES (7.4%), RECREATIONAL GOODS (6.4%), OPTICAL GOODS AND BOOKS (5.9%),
PROVISION AND SUNDRY SHOPS (5.8%), WATCHES AND JEWELLERY (5.3%), PETROL SERVICE
STATIONS (1.1%) AND SUPERMARKETS (0.4%).
NOVEMBER RETAIL SALES RISE 2.4%
SINGAPORE’S RETAIL SALES ROSE IN
NOVEMBER AT THE SLOWEST PACE IN NINE MONTHS AS TOURISM GROWTH EASED, CAR SALES
FELL AND CONSUMERS CUT SPENDING AFTER STOCKING UP FOR RELIGIOUS FESTIVALS.
RETAIL SALES INDEX ROSE 2.4% IN NOVEMBER 2005 FROM
NOVEMBER 2004 AFTER A PREVIOUS GAIN OF 10.2%. THAT WAS LOWER THAN THE MOST
PESSIMISTIC ESTIMATE IN A BLOOMBERG SURVEY OF 13 ECONOMISTS, WHERE THE MEDIAN
FORECAST WAS AN 11% RISE. EXCLUDING VEHICLES, RETAIL SALES GREW BY 5.2% FROM
THE SAME MONTH A YEAR EARLIER.
ON A SEASONALLY ADJUSTED BASIS, NOVEMBER RETAIL SALES
FELL 8.7% FROM THE PREVIOUS MONTH. EXCLUDING CARS, THE INDEX FELL BY 6.3%.
DEPARTMENT STORE SALES ROSE 4.8% LAST NOVEMBER AS
COMPARED TO NOVEMBER 2004 AFTER A 16% GAIN IN THE PREVIOUS MONTH, THE FIGURES
SHOWED. NOVEMBER VEHICLE SALES, WHICH MAKE UP MORE THAN A QUARTER OF THE INDEX,
DECLINED SLIGHTLY BY 0.5% FROM NOVEMBER 2004 FOLLOWING A 8.9% RISE IN THE
PREVIOUS MONTH. SALES OF FURNITURE AND HOUSEHOLD EQUIPMENT ROSE BY 0.4% IN
NOVEMBER 2005 FROM NOVEMBER 2004, LESS THAN THE 17% RISE IN OCTOBER.
AHEAD
AN OVERALL NET BALANCE OF 22% OF FIRMS IN THE SERVICES
SECTOR IS OPTIMISTIC ABOUT THE BUSINESS OUTLOOK FOR THE NEXT 3 MOTNHS ENDING
MARCH 2006. THE MAGNITUDE IS SLIGHTLY LOWER COMPARED TO THAT REGISTERED IN THE
PERIOD OF JULY-DECEMBER 2005 (26%), AND ALSO LOWER THAN THE 30% NET BALANCE RECORDED
FOR OCTOBER 2004 – MARCH 2005.
AN OVERALL NET BALANCE OF 8% OF WHOLESALERS PREDICTS
POSITIVE BUSINESS CONDITIONS FOR THE COMING MONTHS. THOSE DEALING IN ELECTRONIC
COMPONENTS, TELECOMMUNICATIONS EQUIPMENT AND COSMETICS & TOILETRIES ARE
AMONG THOSE WHO ARE OPTIMISTIC ABOUT THE BUSINESS OUTLOOK AHEAD.
RETAILERS ALSO EXPRESS UPBEAT BUSINESS SENTIMENTS FOR
THE COMING MONTHS, WITH A POSITIVE NET BALANCE OF 38%, ESPECIALLY DEPARTMENT
STORES AND RETAILERS OF WEARING APPAREL AND FURNITURE & FURNISHINGS FORESEE
BETTER BUSINESS OUTLOOK FROM THE YEAR-END FESTIVE SEASON.
HOTELIERS PROJECT A POSITIVE OUTLOOK FOR THE MONTHS
AHEAD, WITH A POSITIVE NET BALANCE OF 64%, IN ANTICIPATION OF AN INCREASE IN
TOURIST ARRIVALS AND OCCUPANCY RATE. SIMILARLY, IN CATERING TRADE, RESTAURANTS
AND FOOD CATERERS FORESEE FAVOURABLE BUSINESS CONDITIONS IN THE COMING MONTHS.
EXTRACTED FROM : MINISTRY
OF TRADE AND INDUSTRY, SINGAPORE
SINGAPORE DEPARTMENT OF STATISTICS
BLOOMBERG
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 |
Unfavourable
& favourable factors carry similar weight in credit consideration.
Capability to overcome financial difficulties seems comparatively below
average/normal. |
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 |