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MIRA
INFORM REPORT
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Report Date : |
6th January, 2007 |
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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Country: |
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
Rating : Singapore $
1000001 to Singapore $ 5000000
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 |