MIRA
INFORM REPORT
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Report Date : |
7th
February, 2007 |
IDENTIFICATION
DETAILS
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Name : |
P.L. GLOBAL IMPEX PTE
LTD |
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Registered Office : |
101 Cecil Street, #18-06,. Tong Eng Building,
Singapore 069533, Singapore |
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Country : |
Singapore |
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Date of Incorporation : |
20.02.1995 |
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Legal Form : |
Exempt Pte Ltd |
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Line of Business : |
Import and Export of Various Agricultural Products |
RATING & COMMENTS
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MIRA’s Rating : |
Ba |
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RATING |
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 : |
Usually
Correct |
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Litigation : |
Clear |
Company name
P.L. GLOBAL IMPEX PTE LTD
Line Of Business
IMPORT AND EXPORT OF VARIOUS AGRICULTURAL PRODUCTS
Parent Company
-
Financial Elements
Sales :
-
Networth : -
Paid-Up Capital : S$2,500,000
Net result : -
Net
Margin(%) : -
Return on Equity(%) : -
Leverage Ratio : -
Rating
Credit Rating : Sing $ 1 000
00 1 to Sing. $ 5 000 000
BUSINESS INFORMATION REPORT
COMPANY IDENTIFICATION
Subject Company :
P.L. GLOBAL IMPEX PTE LTD
Former Name :
-
Business Address :
101 CECIL STREET, #18-06,. TONG ENG BUILDING
Town :
SINGAPORE
Postcode :
069533
County :
-
Country :
Singapore
Telephone :
6323 9146
Fax :
6320 9169
ROC Number :
199501203Z
Reg. Town :
-
SUMMARY
All amounts in this report are in: SGD unless
otherwise stated
Legal Form :
Exempt Pte Ltd
Date Inc. :
20/02/1995
Previous Legal Form :
-
Summary year :
-
Sales :
-
Net Worth :
-
Capital :
-
Paid-Up Capital :
2,500,000
Employees :
Not Available
Net result :
-
Share value :
-
Auditor :
TAN, CHAN & PARTNERS
REFERENCES
Litigation :
No
Company status :
TRADING
Started :
20/02/1995
PRINCIPAL(S)
MANESHA KHEMLANI S2635522B Director
DIRECTOR(S)
HARIKRISHNAN S/O MUTHUSAMY S2135685I Company Secretary
Appointed on :
20/02/1995
Street :
101 AH HOOD ROAD, #11-02
Town :
SINGAPORE
Postcode :
320101
Country :
Singapore
NARESH KUMAR DINODIYA S2684732Z Director
Appointed on :
20/02/1995
Street :
99 MEYER ROAD, #09-01, THE SOVEREIGN
Town :
SINGAPORE
Postcode :
437920
Country :
Singapore
MANESHA KHEMLANI S2635522B Director
Appointed on :
10/11/1998
Street :
761 BEDOK RESERVOIR VIEW, #10-315
Town :
SINGAPORE
Postcode :
470761
Country :
Singapore
ACTIVITY(IES)
IMPORTERS And EXPORTERS Code:11760
BEAN BROKERS And DEALERS Code:1810
BASED ON ACRA'S RECORD AS AT 01/02/2007
1) GENERAL WHOLESALE TRADE (INCLUDING GENERAL IMPORTERS & EXPORTERS)
2) WHOLESALE ON A FEE OR CONTRACT BASIS (EG COMMISSION AGENCIES)
CHARGES
Date :
28/08/1996
Comments : CHARGE NO: 9605177
(DISCHARGED)
SECURED : ALL MONIES OWING
CHARGEE : OVERSEA-CHINESE BANKING
CORPORATION LTD
PREMISES/PROPERTY INFORMATIONS
No Premises/Property Information In Our
Databases
BANKERS
OVERSEA-CHINESE BANKING CORPORATION LIMITED
INDIAN OVERSEAS BANK
SHAREHOLDERS(S)
NARESH KUMAR DINODIYA 2,499,999 Private Person
Street :
99 MEYER ROAD, #09-01, THE SOVEREIGN
Town :
SINGAPORE
Postcode :
437920
Country :
Singapore
MANESHA KHEMLANI 1
Private Person
Street :
761 BEDOK RESERVOIR VIEW, #10-315
Town :
SINGAPORE
Postcode :
470761
Country :
Singapore
FORMER SHAREHOLDER(S)
HARIKRISHNAN S/O
MUTHUSAMY
1
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
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 20/02/1995 AS A LIMITED EXEMPT PRIVATE
COMPANY AND IS TRADING UNDER THE PRESENT NAMESTYLE OF "P.L.
GLOBAL IMPEX PTE LTD".
AS AT 01/02/2007, THE COMPANY HAS AN ISSUED AND PAID-UP CAPITAL OF 2,500,000 SHARES, OF A VALUE OF S$2,500,000.
PRINCIPAL ACTIVITIES:
SUBJECT IS REGISTERED WITH THE ACCOUNTING AND CORPORATE REGULATORY AUTHORITY (ACRA) TO BE PRINCIPALLY ENGAGED IN
THE BUSINESS OF:
1) GENERAL WHOLESALE TRADE (INCLUDING GENERAL IMPORTERS & EXPORTERS)
2) WHOLESALE ON A FEE OR CONTRACT BASIS (EG COMMISSION AGENCIES)
FROM THE RESEARCH DONE, THE FOLLOWING INFORMATION WAS GATHERED:
ACTIVITIES
- IMPORT AND EXPORT OF VARIOUS AGRICULTURAL PRODUCTS
SUBJECT IS A MEMBER OF THE FOLLOWING ENTITY
- SINGAPORE BUSINESS FEDERATION
ACCORDING TO THE TELE-INTERVIEW CONDUCTED ON 06/02/2007, THE FOLLOWING INFORMATION WAS GATHERED:
ACTIVITIES
- IMPORT AND EXPORT OF AGRICULTURAL PRODUCTS (EG. BEANS)
SUBJECT'S PERSONNEL CONFIRMED THE BUSINESS ADDRESS AND CONTACT NUMBERS OF THE COMPANY, BUT DECLINED TO
PROVIDE MORE INFORMATION, HENCE NO OTHER TRADE INFORMATION WAS MADE
AVAILABLE VIA THE TELE-INTERVIEW.
REGISTERED AND BUSINESS ADDRESS:
101 CECIL STREET
#18-06
TONG ENG BUILDING
SINGAPORE 069533
DATE OF CHANGE OF ADDRESS: -
- RENTED PREMISE
- OWNED BY: YEO JIH HSUEH
WEBSITE:
NIL
EMAIL:
plglobal@singnet.com.sg
MANAGEMENT
THE DIRECTORS AT THE TIME OF
THIS REPORT ARE:
1) MANESHA KHEMLANI, A
SINGAPOREAN
- HOLDS NO OTHER
DIRECTORSHIPS AS RECORDED IN OUR DATABASE.
2) NARESH KUMAR DINODIYA, A
SINGAPORE PERMANENT RESIDENT
- HOLDS NO OTHER
DIRECTORSHIPS AS RECORDED IN OUR DATABASE.
ADVERSE ON DIRECTORS
DIRECTOR'S NAME: MANESHA
KHEMLANI
ADVERSE REPORT AGAINST
DIRECTOR: NIL
PROPERTY OWNERSHIP: OWNS 1
ANNUAL VALUE: S$6,720
CO-OWNER (S): K KISHIN AND
ASHOK S/O N V KHEMLANI
DIRECTOR'S NAME: NARESH
KUMAR DINODIYA
ADVERSE REPORT AGAINST
DIRECTOR: NIL
PROPERTY OWNERSHIP: OWNS 1
ANNUAL VALUE: S$39,000
CO-OWNER (S): SANGEETA
DINODIYA
*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 2006
Investment Grade
IN SINGAPORE, THE POLITICAL
SITUATION APPEARS TO BE VERY STABLE.
ECONOMIC GROWTH IS BECOMING MORE
MODERATE AS INVESTMENT HAS BEEN FLAT DUE TO INCREASING OIL PRICES AND LESS
BUOYANT DEMAND FOR ELECTRONIC PRODUCTS.
ECONOMIC PERFORMANCE HAS REMAINED STRONG, UNDERPINNED BY
PHARMACEUTICALS AND SERVICES. EXPORTS HAS BENEFITED FROM THE STEADINESS OF
DEMAND FROM ITS MAIN TRADING PARTNERS, MALAYSIA, THE UNITED STATES, CHINA AND
HONG KONG. OTHER THAN ITS BALANCED PUBLIC SECTOR ACCOUNTS, LIMITED FOREIGN DEBT
AND COMFORTABLE FOREIGN CURRENCY RESERVES HAVE CONTRIBUTED TO SINGAPORE’S
STRONG FINANCIAL CONDITION.
AS THE ELECTRONICS SECTOR FACES COMPETITION FROM THE ASIAN ECONOMIES, SINGAPORE
HAS BEEN PURSUING DIVERSIFICATION STRATEGY THAT HAS BEEN CONSOLIDATING ITS
POSITION. PHARMACEUTICALS ALREADY REPRESENT 10% OF EXPORTS IN COMPARATIVE TO
ITS INSIGNIFICANT CONTRIBUTION IN YEAR 1995. ELECTRONICS SECTOR SECTOR’S SHARE
HAS DECLINED FROM 80% TO 60% DURING THE SAME PERIOD. THERE IS HIGH RELIANCE ON
DEVELOPMENT OF PETROCHEMICAL PRODUCTS, HIGH VALUE-ADDED SERVICES AND
BIOTECHNOLOGIES.
ASSETS
- ONE OF THE MOST OPEN ECONOMIES IN THE
WORLD WITH EXPORTS PLAYING A MAJOR ROLE IN ITS PERFORMANCE.
- ONE OF ASIA’S MOST ADVANCED COUNTRIES
IN QUALITY COMPETITIVENESS TERMS.
- WORKFORCE’S EDUCATION AND SKILL LEVEL
IS VERY HIGH.
- A MAJOR EXPORT OF CAPITAL IN ASIA,
PARTICULARLY THE STATE-OWNED HOLDING COMPANY, TEMASEK.
- THE BUSINESS ENVIRONMENT HAS BEEN VERY
FAVOURABLE.
- GREAT POLITICAL STABILITY.
WEAKNESSES
- ECONOMY REMAINED OVERSPECIALISED IN THE
ELECTRONICS SECTOR.
- MUST ACCELERATE DIVERSIFICATION IN
SERVICES TO MAINTAIN ITS LEAD OVER OTHER ASIAN ECONOMIES
- REFORMS ARE STILL NEEDED TO FOSTER
INNOVATION AND EDUCATION-SYSTEM MODERNIZATION.
- AGING POPULATION COULD ULTIMATELY
AFFECT ECONOMIC PERFORMANCE.
WHOLESALE AND RETAIL TRADE
PAST PERFORMANCE
WITH THE GROWTH IN NON-OIL RE-EXPORTS AND THE RISE IN RETAIL SALES, THE WHOLESALE AND RETAIL TRADE SECTOR GREW BY A
ROBUST 15% IN 1Q2006, UP FROM THE 12% GAIN IN 4Q2005.
WHOLESALE TRADE
DOMESTIC WHOLESALE TRADE INDEX
FOLLOWING SEVEN QUARTERS OF DOUBLE-DIGIT GROWTH, THE OVERALL DOMESTIC
WHOLESALE TRADE INDEX
MODERATED TO 7.5% IN 1Q2006. EXCLUDING PETROLEUM, THE INDEX ROSE BY 14.2%
OVER THE SAME PERIOD LAST YEAR.
AT CONSTANT PRICES, THE OVERALL INDEX DECLINED BY 4.4% IN 1Q2006 OVER
1Q2005, MAINLY DUE TO
LOWER ACTIVITY IN CHEMICAL AND PETROLEUM SECTORS. EXCLUDING PETROLEUM,
IT WAS 7.9% HIGHER THAN A YEAR AGO.
ON A QUARTER-ON-QUARTER BASIS, THE OVERALL INDEX POSTED A DECLINE OF
16.5% COMPARED TO
4Q2005. EXCLUDING PETROLEUM, THE INDEX WERE LOWER BY 8.9%.
FOREIGN WHOLESALE TRADE INDEX
AS COMPARED TO 1Q2005, THE OVERALL FOREIGN WHOLESALE TRADE IN 1Q2006
ROSE BY 15.4%. EXCLUDING
PETROLUEM, THE INDEX EXPANDED BY 11.5%.
AT CONSTANT PRICES, THE OVERALL INDEX ROSE MARGINALLY BY 0.9% IN 1Q2006
OVER A YEAR AGO.
EXCLUDING PETROLEUM, IT WAS UP BY 7.6%.
ON A QUARTER-ON-QUARTER BASIS, THE OVERALL INDEX POSTED A DECLINE OF
9.4% FOLLOWING GROWTH
FOR THREE CONSECUTIVE QUARTERS. EXCLUDING PETROLEUM, THE INDEX WERE
LOWER BY 8.6%.
THE MAJOR SECTORS MOSTLY POSTED LOWER FOREIGN SALES WITH THE EXCEPTION
OF TELECOMMUNICATIONS
& COMPUTERS SECTOR IN 1Q2006. THE HOUSEHOLD EQUIPMENT & FURNITURE,
FOOD, BEVERAGES & TOBACCO SECTOR ALL REPORTED DECLINE IN TURNOVER OF MORE
THAN 17% IN THE FIRST QUARTER OF 2006 OVER 4Q2005.
RETAIL TRADE
RETAIL SALES CHALKED UP 8.0% GROWTH IN 1Q2006, FELLING MARGINALLY FROM
THE 8.2% GROWTH IN 4Q2005.
SALES OF MOTOR VEHICLES ROSE BY 10% IN 1Q2006, HIGHER THAN THE 8.5%
GAIN IN THE LAST QUARTER. EXCLUDING MOTOR VEHICLES, RETAIL SALES MODERATED
TO 5.2% GROWTH, SLOWER THAN THE 7.8% RISE IN 4Q2005.
ALL THE MAJOR SEGMENTS RECORDED GROWTH IN 1Q2006 OVER 1Q2005, WITH
GROWTH RANGING FROM 1.6%
TO 18%. THE SEGMENTS WERE TELECOMMUNICATIONS AND COMPUTERS, FOOD AND
BEVERAGES, WEARING APPAREL AND FOOTWEAR, OPTICAL GOODS AND BOOKS, PROVISION
AND SUNDRY SHOPS, DEPARTMENT STORES, SUPERMARKETS, MEDICAL GOODS AND TOILETRIES,
RECREATIONAL GOODS, FURNITURE AND HOUSEHOLD EQUIPMENT, WATCHES AND JEWELLERY,
AND PETROL SERVICE STATIONS.
A ROSY OUTLOOK FOR RETAILERS
RETAIL SALES IN SINGAPORE ROSE IN JUNE FOR THE 16TH STRAIGHT MONTH AS AN IMPROVING JOB MARKET AND A RISE IN TOURIST
ARRIVALS INCREASED CONSUMER SPENDING.
THE RETAIL SALES INDEX GREW BY 5.1% FROM A YEAR EARLIER AFTER EXPANDING
BY 13.1% IN MAY. EXCLUDING
MOTOR VEHICLES, RETAIL SALES GREW BY 7.8%.
AHEAD
WHOLESALERS PREDICTS POSITIVE BUSINESS CONDITIONS FOR THE PERIOD ENDING
DECEMBER 2006. THOSE
DEALING IN FURNITURE & FURNISHINGS, COSMETICS & TOILETRIES, JEWELLERY
& WATCHES, HOUSEHOLD ELECTRICAL APPLIANCES & EQUIPMENT, ELECTRONIC
COMPONENTS, SCIENITIFIC & PRECISION EQUIPMENT, ARE AMONG THOSE WHO ARE
OPTIMISTIC ABOUT THE BUSINESS OUTLOOK AHEAD.
RETAILERS ALSO FORECAST BETTER BUSINESS SENTIMENTS FOR THE COMING MONTHS
ENDING DECEMBER 2006,
WITH A NET BALANCE OF 22%, ESPECIALLY DEPARTMENT STORES AND RETAILERS
OF WEARING APPAREL AND FURNITURE & FURNISHINGS EXPECTING A POSITIVE BUSINESS
OUTLOOK FROM THE YEAR-END FESTIVE SHOPPING.
EXTRACTED FROM: MINISTRY OF TRADE AND INDUSTRY, SINGAPORE
SINGAPORE DEPARTMENT OF STATISTICS
TODAY
RATING EXPLANATIONS
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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. |
Satisfactory |
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26-40 |
B |
Unfavourable & favourable factors
carry similar weight in credit consideration. Capability to overcome
financial difficulties seems comparatively below average/normal. |
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 |
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NR |
In view of the lack of information, we
have no basis upon which to recommend credit dealings |
No Rating |
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