MIRA
INFORM REPORT
|
Report Date : |
27.11.2007 |
IDENTIFICATION
DETAILS
|
Name : |
UNIVERSAL NETWORKING CO. PTE. LTD. |
|
|
|
|
Registered Office : |
12 Tannery Road,
#08-05/06, Singapore – 347722 |
|
|
|
|
Country : |
Singapore |
|
|
|
|
Date of Incorporation : |
12/11/2003 |
|
|
|
|
Com. Reg. No.: |
200311533G |
|
|
|
|
Legal Form : |
Exempt Pte
Ltd |
|
|
|
|
Line of Business : |
Provides Systems Integration in Telecommunication Infrastructure
Projects and it Outsourcing Services. |
RATING &
COMMENTS
|
MIRA’s Rating : |
Ba |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Status : |
Satisfactory |
|
|
|
|
Payment Behaviour : |
Unknown |
|
|
|
|
Litigation : |
Clear |
Subject Company
UNIVERSAL NETWORKING CO. PTE. LTD.
Line Of Business
PROVIDES SYSTEMS INTEGRATION IN TELECOMMUNICATION INFRASTRUCTURE
PROJECTS AND IT OUTSOURCING SERVICES
Parent Company
N.A.
Financial Elements
Sales :
N.A.
Networth :
N.A.
Paid-Up
Capital : S$2,000,000
Net result : N.A.
Net Margin(%) : N.A.
Return on Equity(%) : N.A.
Leverage Ratio : N.A.
Rating
Credit Rating : Sing $ 1,000,001 to Sing $ 5,000,000
COMPANY IDENTIFICATION
Subject Company : UNIVERSAL NETWORKING CO.
PTE. LTD.
Former Name :
-
Business Address : 12 TANNERY ROAD
#08-05/06
Town :
SINGAPORE
Postcode : 347722
Country :
Singapore
Telephone : 6226 3077
Fax :
6223 8177
ROC Number :
200311533G
Reg. Town : -
SUMMARY
Legal Form : Exempt Pte
Ltd
Date Inc. : 12/11/2003
Previous Legal
Form : -
Summary year :
-
Sales :
-
Capital :
-
Paid-Up Capital :
2,000,000
Employees : -
Net result : -
Share value : 1
Auditor :
P S PHUAN & CO
REFERENCES
Litigation : No
Company status : TRADING
Started :
12/11/2003
PRINCIPAL(S)
LEE SEK HONG S1371568H Managing Director
DIRECTOR(S)
LEE SEK HONG S1371568H Director
Appointed on: 20/01/2004
Street: 3 KURAU GROVE
GOLDLEAF GARDENS
Town: SINGAPORE
Postcode: 426859
Country: Singapore
LEE SEK HONG S1371568H Managing Director
Appointed on: 20/01/2004
Street: 3
KURAU GROVE
GOLDLEAF GARDENS
Town: SINGAPORE
Postcode: 426859
Country: Singapore
SUBRAMANIAN
NARAYANAN CHELAKKARA G5736442X Director
Appointed on
: 12/11/2003
Street : 61
MEYER ROAD
#05-05
Town: SINGAPORE
Postcode: 437885
Country: Singapore
TAN GIM SOON S6829824E Company Secretary
Appointed on
: 02/05/2007
Street : 430
CHOA CHU KANG AVENUE 4
#04-603
Town: SINGAPORE
Postcode: 680430
Country: Singapore
FORMER DIRECTOR(S)
SUSHAMA D/O
SAHADEVAN
S1798862Z
ACTIVITY(IES)
ENGINEERING
WORKS
Code: 7880
COMPUTER-NETWORKING Code: 5098
BASED ON ACRA'S
RECORD AS AT 23/11/2007
1) OTHER IT AND RELATED
ACTIVITIES (EG DISASTER RECOVERY SERVICES); NETWORKING ENGINEERING &
TECHNOLOGY
CHARGES
Date: 02/05/2007 Amount:
45,000,000
Comments : CHARGE
NO: C200703245
AMOUNT SECURED: US$45,000,000.00
CHARGEE(S):
STANDARD CHARTERED BANK
PREMISES/PROPERTY INFORMATIONS
No Premises/Property Information In Our Databases
BANKERS
THE HONGKONG &
SHANGHAI BANKING CORPORATION
STANDARD CHARTERED
BANK
SHAREHOLDERS(S)
LEE SEK HONG 1,000,000
Private Person
Street : 3
KURAU GROVE
GOLDLEAF GARDENS
Town: SINGAPORE
Postcode: 426859
Country: Singapore
SUBRAMANIAN
NARAYANAN CHELAKKARA 1,000,000
Private Person
Street : 61
MEYER ROAD
#05-05
Town: SINGAPORE
Postcode: 437885
Country: Singapore
SUBSIDIARY(IES)
No Participation In Our Database
PAYMENT HISTORY AND EXPERIENCES
Trade Morality :
AVERAGE
Liquidity : UNKNOWN
Payments : REGULAR
Trend :
LEVEL
Financial
Situation : UNKNOWN
FINANCIAL COMMENTS
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 12/11/2003 AS A LIMITED EXEMPT
PRIVATE COMPANY AND IS TRADING UNDER ITS PRESENT NAMESTYLE AS "UNIVERSAL
NETWORKING CO. PTE. LTD.".
AS AT 23/11/2007,
THE COMPANY HAS AN ISSUED AND PAID-UP CAPITAL OF 2,000,000 SHARES, OF A VALUE
OF S$2,000,000.
PRINCIPAL
ACTIVITIES:
SUBJECT IS
REGISTERED WITH THE ACCOUNTING AND CORPORATE REGULATORY AUTHORITY (ACRA) BE
PRINCIPALLY ENGAGED IN THE BUSINESS OF:
1) OTHER IT AND
RELATED ACTIVITIES (EG DISASTER RECOVERY SERVICES); NETWORKING ENGINEERING
& TECHNOLOGY
FROM THE RESEARCH DONE,
THE FOLLOWING INFORMATION WAS GATHERED:
SUBJECT ENGAGES IN
THE FOLLOWING ACTIVITIES:
* PROVIDES SYSTEMS
INTEGRATION IN TELECOMMUNICATION INFRASTRUCTURE PROJECTS AND IT OUTSOURCING
SERVICES
PRODUCTS AND
SERVICES:
* ORACLE
E-BUSINESS SUITE PRODUCTS AND SERVICES
- SUBJECT TEAMS UP
WITH A GLOBAL PARTNER, A CERTIFIED ADVANTAGE PARTNER FOR ORACLE E-BUSINESS
SUITE & ORACLE TECHNOLOGY PRODUCTS AND AN ORACLE APPLICATION HOSTING
PARTNER FOR THE ASIA PACIFIC REGION, UNC OFFERS ORACLE APPLICATION
IMPLEMENTATION AND HOSTING INITIATIVES IN THE REGION
* COMPUTER -
TELEPHONY SOLUTION
- UNC SPECIALIZES
IN COMPUTER-TELEPHONY INTEGRATION (CTI) TECHNOLOGY FOR TODAY'S CONTACT CENTERS
AS WELL AS FOR CONTACT CENTERS OF THE FUTURE (VIRTUAL CONTACT CENTERS)
* MANAGED SERVICES
* CRM SOLUTION -
CUSTOMER ANALYSIS AND TRACKING SYSTEM (CATS)
- CATS AUTOMATES
SALES LEADS GENERATION, TRACKING OF SALES PROCESSES AND MONITORING OF PRODUCT
PERFORMANCE. IT ENABLES QUICK DISCOVERY OF NEW OPPORTUNITIES TO INCREASE REVENUE
AND PROFIT
SUBJECT HAS AN
EXTENSIVE NETWORK OF BUSINESS PARTNERS IN MALAYSIA, THAILAND, INDONESIA AND THE
INDIA SUBCONTINENT.
SOME OF THE
SUBJECT'S PARTNERS:
* GLOBALCOM
INFORMATION SERVICES
* INCENPLUS
MARKETING GROUP
FROM THE
TELE-INTERVIEW CONDUCTED ON 27/11/2007, SUBJECT WAS ONLY WILLING TO CONFIRM ITS
ADDRESS AND CONTACTS. NO OTHER TRADE INFORMATION WAS AVAILABLE ON 27/11/2007.
REGISTERED
ADDRESS:
111 NORTH BRIDGE
ROAD
#27-01/02
PENINSULA PLAZA
SINGAPORE 179098
DATE OF CHANGE OF ADDRESS:
12/11/2003
- OFFICE
BUSINESS ADDRESS:
12 TANNERY ROAD
#08-05/06
HB CENTRE
SINGAPORE 347722
- RENTED PREMISE
- PREMISE OWNED
BY: HO BEE REALTY PTE LTD
WEBSITE : http://www.unc.com.sg/
EMAIL :
enquiry@unc.com.sg
MANAGEMENT
THE DIRECTORS AT
TIME OF THIS REPORT ARE:
1) SUBRAMANIAN
NARAYANAN CHELAKKARA, AN INDIAN
- BASED IN
SINGAPORE.
2) LEE SEK HONG, A
SINGAPOREAN
- HOLDS OTHER
DIRECTORSHIPS AS RECORDED IN OUR DATABASE:
WECOM HOLDINGS PTE
LTD
ADVERSE ON DIRECTORS
DIRECTOR'S NAME: LEE
SEK HONG
ADVERSE REPORT
AGAINST DIRECTOR: NOT AVAILABLE FROM OUR DATABASE
PROPERTY
OWNERSHIP: 1
ANNUAL VALUE:
S$16,800
CO-OWNER (S): NG
LILY
* 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 2007
INVESTMENT GRADE
IN SINGAPORE, THE POLITICAL SITUATION REMAINS
STABLE.
SINGAPORE BOASTS THE BEST GOVERNANCE IN ASIA,
WITH AN EFFECTIVE LEGAL SYSTEM FACILITATING DEBT COLLECTION AND TO A HIGH DEGREE OF FINANCIAL
TRANSPARENCY.
EXTERNAL ACCOUNTS HAVE REMAINED SUBSTANTIALLY
IN SURPLUS, CONTRIBUTED TO THE DYNAMISM OF THE ELECTRONICS AND PHARMACEUTICALS SECTORS AND TO
REPATRIATION OF PROFITS FROM SINGAPORE INVESTMENTS. THE FINANCIAL
AND TOURISM SECTORS HAVE ALSO CONTRIBUTED TO THE LARGE CURRENT
ACCOUNT SURPLUS.
SINGAPORE CONTINUES TO KEENLY WELCOME FOREIGN
INVESTMENT AND OFFERS A VERY OPEN AND WELL-PLANNED ECONOMIC AND POLITICAL ENVIRONMENT. IT HAS BEEN
IMPLEMENTING AMBITIOUS DIVERSIFICATION STRATEGY, FOCUSED
PARTICULARLY ON THE CHEMICALS AND PHARMACEUTICAL SECTORS.
THE GOVERNMENT USES FOREIGN DIRECT INVESTMENT
TO DEVELOP PRIORITY SECTORS (ELECTRONICS, CHEMICALS, BIOTECHNOLOGY). THE AIM IS TO ENCOURAGE
THE GROWTH OF HIGH ADDED-VALUE ACTIVITIES AND TURN SINGAPORE INTO A
REGIONAL HUB FOR FOREIGN INVESTORS INTERESTED IN ASIA.
CERTAIN SECTORS (MEDIA, LEGAL AND FINANCIAL
SERVICES) ARE HOWEVER ONLY PARTIALLY OPEN TO FOREIGN INVESTMENT. THESE SECTORS ARE SLOWLY OPENING UP,
BUT THE PROGRESS IS SLOW. AFTER HIGH GROWTH IN 2006,
BUOYED BY THE DYNAMISM OF BOTH EXPORTS AND HOUSEHOLD CONSUMPTION, A
SLOWDOWN IS EXPECTED IN 2007.
ASSETS
" MAJOR EXPORTER OF CAPITAL IN ASIA, NOTABLY
VIA THE STATE-OWNED TEMASEK HOLDING
COMPANY.
" HIGH QUALITY COMPETITIVENESS IN ASIA
" EXCELLENT BUSINESS CLIMATE
" POLITICAL STABILITY.
WEAKNESSES
" SKILLED MANPOWER HAS BEEN LACKING IN
THE SECTORS TARGETED FOR DEVELOPMENT.
" AN AGEING POPULATION COULD,
ULTIMATELY, AFFECT ECONOMIC PERFORMANCE.
" GROWING INEQUALITY AND THE EMERGENCE
OF LONG-TERM UNEMPLOYMENT AMONG THE LEAST
SKILLED COULD GENERATE
SOCIAL TENSIONS.
" BEING THE WORLD'S MOST OPEN ECONOMY,
IT HAS BEEN VULNERABLE TO WORLD ECONOMIC
DOWNTURNS.
OVERVIEW
OF SINGAPORE
PAST PERFORMANCE
SINGAPORE’S ECONOMY GREW BY
6.1% IN QUARTER 1 OF 2007 AFTER A 6.6% GROWTH IN QUARTER 4 OF 2006. THE GROWTH
MOMENTUM EASED SLIGHTLY TO 7.6% IN 1Q 2007, COMPARED WITH 7.9% A QUARTER
EARLIER. GROWTH IN QUARTER 1 WAS LED BY THE FINANCIAL SERVICES AND CONSTRUCTION
SECTORS. THE MANUFACTURING SECTOR CONTINUED TO EXPERIENCE A MODERATION IN
GROWTH.
THE FINANCIAL SERVICES
SECTOR SIGNIFICANTLY INCREASED BY 13% IN 1Q 2007 ON THE HEELS OF THE 11% GROWTH
A QUARTER AGO. THE STRONG PERFORMANCE WAS ACROSS ALL MAJOR FINANCIAL SEGMENTS,
PARTICULARLY IN THE CAPITAL AND MONEY MARKETS. FUND MANAGEMENT ACTIVITIES
REMAINED BOUYANT, IN LINE WITH THE CONTINUED STRENGTH IN ECONOMIC CLIMATE.
SIMILARLY, BANKS SAW STRONG GROWTH, BOUYED BY SUSTAINED RESILIENCE IN THE ASIA
DOLLAR MARKET AS WELL AS A STEADY INCREASE IN DOMESTIC LENDING ACTIVITY.
THE CONSTRUCTION SECTOR
GREW BY 9.7% IN 1Q 2007, ITS STRONGEST GROWTH IN 9 YEARS. CERTIFIED PAYMENTS
INCREASE BY 9.5% IN 1Q 2007, SUPPORTED BY STRONG GROWTH IN THE PRIVATE
RESIDENTIAL, COMMERCIAL AND INDUSTRIAL SEGMENTS AS WELL AS PUBLIC RESIDENTIAL
SEGMENT. HOWEVER, CONTRACTS AWARDED FELL BY 11% IN 1Q 2007, DUE MAINLY TO THE
DROP IN THE PRIVATE COMMERCIAL AND PUBLIC INSTITUTIONAL SEGMENTS.
MANUFACTURING SECTOR
INCREASED BY 4.3% IN 1Q 2007, DOWN FROM 7.7% IN THE PREVIOUS QUARTER. BOTH
BIOMEDICAL MANUFACTURING (-5.0%) AND PRECISION ENGINEERING (-0.7%) CLUSTERS SAW
LOWER PRODUCTION DURING THE QUARTER. THE ELECTRONICS CLUSTER, HOWEVER,
RECOVERED FROM A 4.1% CONTRACTION IN 4Q 2006 TO REGISTER AN INCREASE OF 2.6% IN
1Q 2007. THE TRANSPORT ENGINEERING CLUSTER CONTINUED TO EXPAND STRONGLY AT 23%,
FOLLOWING A 25% INCREASE IN 4Q 2006.
THE WHOLESALE AND RETAIL
TRADE SECTOR EXPANDED 6.7% IN 1Q 2007 AFTER A 6.9 GROWTH IN 4Q 2006. RETAIL
SALES GROWTH EASED FROM 7.9% IN THE PREVIOUS QUARTER TO 6.1% IN 1Q 2007, MAINLY
DUE TO A DECELERATION IN MOTOR VEHICLES SALES. EXCLUDING MOTOR VEHICLES, RETAIL
SALES ROSE BY 5.9%, UP FROM 4.2% IN 4Q 2006. IN THE WHOLESALE SEGMENT, GROWTH
OF NON-OIL RE-EXPORTS REMAINED FIRM AT 5.9%, SLOWER THAN 6.3% IN 4Q 2006.
THE TRANSPORT AND STORAGE
SECTOR GREW 4.4% IN 1Q 2007, UP FROM 4.0% A QUARTER EARLIER. THE AIR SEGMENT SAW
A SLOWDOWN DUE TO A MODERATION IN AIR PASSENGER TRAFFIC GROWTH AND A DECLINE IN
AIR CARGO. STRONGER ACTIVITY WAS RECORDED IN THE SEA SEGMENT ON THE BACK OF
BETTER PERFORMANCE IN SEA CARGO HANDLED AND CONTAINER THROUGHPUT.
THE HOTELS AND RESTAURANTS
SECTOR REGISTERED A SLOWER GROWTH OF 4.7% IN 1Q 2007, DOWN FROM 6.1% 4Q 2006.
VISITOR ARRIVALS GREW AT A MORE MODEST PACE OF 4.1% COMPARED TO 8.4% IN THE
PREVIOUS QUARTER. THE INCREASE IN HOTEL ROOM REVENUE MODERATED FROM THE 21%
GAIN IN 4Q 2006 TO 14% IN 1Q 2007. HOWEVER, THE AVERAGE OCCUPANCY RATE OF
HOTELS REMAINED HIGH AT 87%, A 4.3% POINTS INCREASE OVER THE CORRESPONDING
PERIOD LAST YEAR.
THE INFORMATION AND
COMMUNICATIONS SECTOR GREW 6.6% IN 1Q 2007, UP FROM 6.0% IN THE PREVIOUS
QUARTER. WHILE THE IT SEGMENT SAW SOME MODERATION IN ACTIVITIES, THE
TELECOMMUNICATIONS SEGMENT PERFORMED BETTER. INTERNATIONAL TELEPHONE CALL
DURATION WENT UP SHARPLY BY 19%, UP FROM 11% IN 4Q 2006. GROWTH IN THE NUMBER
OF MOBILE SUBSCRIBERS AND BROADBAND SUBSCRIBERS ALSO REMAINED STRONG DURING THE
QUARTER.
BUSINESS SERVICES SECTOR
EXPANDED BY 6.6% IN 1Q 2007, BETTER THAN THE 5.4% POSTED IN 4Q 2006. ROBUST
PERFORMANCE WAS SEEN IN THE REAL ESTATE SEGMENT ON THE BACK OF CONTINUED
STRENGTH IN THE LUXURY PROPERTY MARKET. THE SECTOR WAS ALSO WELL SUPPORTED BY
THE OTHER SEGMENTS, PARTICULARLY BUSINESS REPRESENTATIVE OFFICES, AND BUSINESS
& MANAGEMENT CONSULTANCY ACTIVITIES.
OUTLOOK
THE ECONOMIC OUTLOOK IS
GENERALLY POSITIVE BUT SOME DOWNSIDE RISKS REMAIN. THESE INCLUDE A SLOWDOWN IN
THE US ECONOMY, VULNERABILITY OF OIL PRICES TO SUPPLY SHOCKS AND A DISORDERLY
UNWINDING OF GLOBAL UNBALANCES. BARRING THESE UNCERTAINTIES, ECONOMIC GROWTH IS
EXPECTED TO REMAIN HEALTHY IN 2007.
BUSINESS SENTIMENTS ARE
GENERALLY POSITIVE IN THE FINANCIAL SERVICES INDUSTRY. BANKS AND FINANCE
COMPANIES, FUND MANAGEMENT FIRMS AND INSURANCE COMPANIES EXPECT AN IMPROVEMENT
IN THE BUSINESS CLIMATE IN THE COMING MONTHS.
AN OVERALL NET WEIGHTED
BALANCE OF 61% OF FIRMS IN THE REAL ESTATE INDUSTRY EXPECTS BETTER BUSINESS
CONDITIONS FOR THE NEXT 6 MONTHS. WITHIN THE INDUSTRY, REAL ESTATE DEVELOPERS
AND AGENTS FORESEE BRISK BUSINESS ACTIVITY AHEAD.
MANUFACTURING SECTORS ARE
MORE OPTIMISTIC IN THE NEXT 6 MONTHS COMPARED TO THE FIRST QUARTER OF THE YEAR.
OVERALL, A WEIGHTED 30% OF MANUFACTURERS FORESEE AN IMPROVED OUTLOOK, WHILE 4%
PREDICT DETERIORATION. THIS RESULTS IN A NET WEIGHTED BALANCE OF 26% OF
MANUFACTURERS EXPECTING BUSINESS CONDITIONS TO IMPROVE, WHICH IS HIGHER THAN 7%
RECORDED A QUARTER AGO.
WHOLESALERS EXPECT TO DO
WELL FOR THE NEXT 6 MONTHS, WITH A POSITIVE NET WEIGHTED BALANCE OF 17%.
DEALERS OF FOOD AND BEVERAGES, TROPICAL PRODUCE, TEXTILES & LEATHER GOODS
AND HOUSEHOLD ELECTRICAL APPLIANCE & EQUIPMENT ARE AMONG THOSE WHO ARE
OPTIMISTIC ABOUT THE BUSINESS OUTLOOK AHEAD.
FIRMS IN THE RETAIL TRADE
FORESEE BUSINESS TO BE LESS BRISK. IN PARTICULAR, DEPARTMENT STORES,
SUPERMARKETS AND RETAILERS OF MOTOR VEHICLES EXPECT SLOWER BUSINESS IN THE
COMING MONTHS.
WITHIN THE TRANSPORT AND
STORAGE INDUSTRY, A NET WEIGHTED BALANCE OF 18% OF FIRMS FORECASTS IMPROVED
BUSINESS PROSPECTS FOR THE NEXT 6 MONTHS. IN PARTICULAR, FIRMS IN THE WATER
TRANSPORT AND SUPPORTING SERVICES EXPECT HIGHER LEVEL OF BUSINESS ACTIVITY.
HOTELIERS PROJECT A
FAVOURABLE BUSINESS OUTLOOK, WHICH IS IN TANDEM WITH THE POSITIVE SENTIMENTS IN
THE TOURISM MARKET. FOR THE CATERING TRADE INDUSTRY, BUSINESS OUTLOOK IN THE
COMING MONTHS REMAINS THE SAME.
FIRMS IN THE INFORMATION
AND COMMUNICATION INDUSTRY ANTICIPATES A HIGHER LEVEL OF BUSINESS ACTIVITY,
WITH A POSITIVE NET WEIGHTED BALANCE OF 12%.
IN THE BUSINESS SERVICES
INDUSTRY, AN OVERALL NET WEIGHTED BALANCE OF 24% OF FIRMS EXPRESSES POSITIVE
SENTIMENTS. THESE INCLUDE FIRM ENGAGED IN RENTING OF CONSTRUCTION &
INDUSTRIAL MACHINERY, ARCHITECTURAL & ENGINEERING, SPECIALISED DESIGN AND
LABOUR RECRUITMENT SERVICES.
EXTRACTED FROM: MINISTRY OF
TRADE AND INDUSTRY, SINGAPORE
SINGAPORE DEPARTMENT OF
STATISTICS
CHANNELNEWS ASIA
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. |
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%)