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MIRA
INFORM REPORT
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Report Date : |
10th March, 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 |
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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 : |
Regular |
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Litigation : |
Clear
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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 |
|
NR |
In view of the lack of information, we have no basis upon which to
recommend credit dealings |
No Rating |
|
This score serves as a reference to assess SC’s credit risk
and to set the amount of credit to be extended. It is calculated from a
composite of weighted scores obtained from each of the major sections of this
report. The assessed factors and their relative weights (as indicated through
%) are as follows:
Financial
condition (40%) Ownership
background (20%) Payment
record (10%)
Credit history
(10%) Market trend
(10%) Operational
size (10%)