MIRA
INFORM REPORT
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Report Date : |
12.01.2007 |
IDENTIFICATION
DETAILS
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Name : |
STRACHEM
PTE. LTD. |
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Registered Office : |
17
Philips Street, #05-01, Grand Building, Singapore 048695 |
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Country : |
Singapore
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Date of Incorporation : |
12/09/2006 |
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Com. Reg. No.: |
200613398M |
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Legal Form : |
Pte
Ltd |
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Line of Business : |
Trading
of Clothes and Commodities |
RATING & COMMENTS
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MIRA’s Rating : |
Ca |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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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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Status : |
Undetermined |
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Payment Behaviour : |
Unknown
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Litigation : |
Clear |
Subject Company
STRACHEM
PTE. LTD.
Line of
Business
TRADING
OF CLOTHES AND COMMODITIES (STARTING)
Parent Company
--
Financial Elements
Sales : -
Networth : -
Paid-Up
Capital : S$2,000
Net
result : -
Net
Margin(%) : -
Return
on Equity(%) : -
Leverage
Ratio : -
Rating
Credit
Rating : up to Sing $ 10000
COMPANY
IDENTIFICATION
Subject
Company : STRACHEM PTE.
LTD.
Former
Name :
-
Business
Address : 17 PHILIPS
STREET
#05-01
GRAND BUILDING
Town :
SINGAPORE
Postcode : 048695
County :
-
Country :
Singapore
Telephone :
96264851/67580723
Fax :
Not Listed
ROC
Number :
200613398M
Reg.
Town : -
SUMMARY
All
amounts in this report are in: SGD
unless otherwise stated
Legal
Form : Pte
Ltd
Date
Inc. :
12/09/2006
Previous
Legal Form : -
Summary
year :
-
Sales :
-
Capital :
-
Paid-Up
Capital :
2,000
Employees : 3
Net
result : -
Share
value : -
AUDITOR : PRUDENTIAL
PUBLIC ACCOUNTING CORPORATION
REFERENCES
Litigation : No
Company
status : TRADING
Started
: 12/09/2006
PRINCIPAL(S)
GOPALASAMY
S/O VASUDHEVEN S0670601J Director
DIRECTOR(S)
SHASHI
KANT TAPURIAH E3786147 Director
Appointed
on : 12/09/2006
Street
: 1 ALIPORE PARK PLACE
Town: KOLKATA
Postcode: 700027
Country: India
GOPALASAMY
S/O VASUDHEVEN S0670601J Director
Appointed
on : 12/09/2006
Street
: 425 PASIR RIS DRIVE 6
#09-81
Town: SINGAPORE
Postcode: 510425
Country: Singapore
CLIFFORD
EMMANUEL GERMAIN S2191478I Company Secretary
Appointed
on : 10/10/2006
Street
: 33A
SURIN AVENUE
CHARLTON COURT
Town: SINGAPORE
Postcode: 535617
Country: Singapore
ACTIVITY(IES)
IMPORTERS
And EXPORTERS
Code:11760
BASED
ON ACRA'S RECORD AS AT 08/01/2007
1)
GENERAL WHOLESALE TRADE (INCLUDING GENERAL IMPORTERS AND EXPORTERS)
CHARGES
No Charges On Premises/Property In Our Database
PREMISES/PROPERTY
INFORMATIONS
No Premises/Property Information In Our Databases
BANKERS
UTI
BANK LTD, SINGAPORE BRANCH
SHAREHOLDERS(S)
THURUTHERE
MANIKANTAN
2,000 Private Person
Street
: 825
YISHUN STREET 81
#03-584
Town: SINGAPORE
Postcode: 760825
Country: Singapore
SUBSIDIARY(IES)
No Participation In Our Database
PAYMENT HISTORY AND
EXPERIENCES
Trade
Morality: AVERAGE
Liquidity
: UNKNOWN
Payments
: UNKNOWN
Trend
: UNKNOWN
Financial
Situation: UNKNOWN
LITIGATION(S)
No Litigation In Our Database
FINANCIAL COMMENTS
SUBJECT
BEING NEWLY INCORPORATED AND HAS YET TO FILE IN ITS FIRST SET OF ACCOUNTS. A
NEWLY INCORPORATED COMPANY HAS UP TO 18 MONTHS FROM THE DATE OF INCORPORATION
TO FILE IN ITS FIRST SET OF ACCOUNTS.
BACKGROUND/OPERATION
THE
COMPANY WAS INCORPORATED IN THE REPUBLIC OF SINGAPORE ON 12/09/2006 AS A
LIMITED PRIVATE COMPANY AND IS TRADING UNDER ITS PRESENT NAMESTYLE AS
"STRACHEM PTE. LTD.".
AS
AT 08/01/2007, THE COMPANY HAS ISSUED AND PAID-UP CAPITAL OF 2,000 SHARES OF A
VALUE OF S$2,000.
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)
FROM
THE TELE-INTERVIEW CONDUCTED ON 11/01/2007, THE FOLLOWING WAS GATHERED:
THE
SUBJECT HAS JUST STARTED BUSINESS IN SEPTEMBER 2006. HENCE, THEY HAVE NOT
REALLY DONE BUSINESS YET. THE SUBJECT REVEALS THAT THEY WILL BE INVOLVED IN THE
TRADING OF CLOTHES AND COMMODITIES.
NUMBER
OF EMPLOYEES:
*
COMPANY - 2007: 3
NO
OTHER TRADE INFORMATION IS AVAILABLE ON 11/01/2007.
REGISTERED
AND BUSINESS ADDRESS:
17
PHILIPS STREET
#05-01
GRAND BUILDING
SINGAPORE
048695
-
RENTED PREMISE
- OWNED
BY PRUDENTIAL CORPORATE SERVICES PTE LTD
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DATE OF CHANGE OF ADDRESS: 12/09/2006
WEBSITE:
-
EMAIL:
-
MANAGEMENT
THE
DIRECTORS AT THE TIME OF THE REPORT ARE:
1)
SHASHI KANT TAPURIAH, AN INDIAN
- BASED IN INDIA.
2)
GOPALASAMY S/O VASUDHEVEN, A SINGAPOREAN
- HOLDS NO OTHER DIRECTORSHIP IN OUR
DATABASE.
ADVERSE ON DIRECTORS
DIRECTOR'S
NAME: GOPALASAMY S/O VASUDHEVEN
ADVERSE
REPORT AGAINST DIRECTOR: NIL
PROPERTY
OWNERSHIP: OWNS 1
ANNUAL
VALUE: S$5,700
CO-OWNER
(S): TAN MAY LI
*
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 SECTOR
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.
ON THE OTHER HAND, DOMESTIC WHOLESALE OF PETROLEUM
& PETROLEUM PRODUCTS FELL BY 2.1% IN 1Q2006, THE FIRST DECLINE SINCE
1Q2004. DOMESTIC SALES OF FOOD, BEVERAGES & TOBACCO, PAINTS &
CONSTRUCTION MATERIALS, TIMBER ALSO FELL COMPARED TO 1Q2005.
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%.
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%.
ON A MONTH-ON-MONTH BASIS, ADJUSTED FOR SEASONAL
FACTORS, RETAIL SALES IN JUNE DECLINED BY 3.7% OVER MAY. EXCLUDING MOTOR VEHICLES, RETAIL SALES
CONTRACTED BY 1.2% FROM MAY.
APPAREL AND FOOTWEAR BUSINESS GREW BY 4.9% WHILE THOSE
OF WATCHES AND JEWELLERY ROXE BY 9.5%.
JUNE’S MOTOR VEHICLES SALES GREW BY 2.5% COMPARED WITH
JUNE 2005. IT PALE IN COMPARISON WITH A 16.4% GROWTH IN MAY. THE MOTOR VEHICLE
SALES GREW BY A MARGINAL 0.4% OVER MAY.
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.
IN ADDITION, RETAILERS ARE EXPECTING A BOOST FROM THE
INTERNATONAL MONETARY FUND AND WORLD BANK ANNUAL MEETING IN SEPTEMBER WHICH
WILL BE HELD IN SINGAPORE AS THE GATHERING IS EXPECTED TO DRAW 16,000 OVERSEAS
DELEGATES.
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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