MIRA INFORM REPORT

Report Date :

24.09.2012

IDENTIFICATION DETAILS

Name :	SUMBER INDAH PTE. LTD.
Registered Office :	^1 North Bridge Road ^#01-08, High Street Centre ^179094, Singapore
Country :	Singapore
Date of Incorporation :	^03.11.1978
Com. Reg. No.:	^197802818K
Legal Form :	^Exempt Pte Ltd
Line of Business :	Importers, exporters wholesalers and stockist of full range of casio products
No. of Employees :	16

RATING & COMMENTS

MIRA’s Rating :

B

RATING		STATUS	PROPOSED CREDIT LINE
26-40	B	Capability to overcome financial difficulties seems comparatively below average.	Small

Status :	Moderate
Payment Behaviour :	Unknown
Litigation :	Clear

Subject Company

SUMBER INDAH PTE. LTD.

Line Of Business 

MAJOR IMPORTER AND EXPORTER WHOLESALER AND STOCKIST OF FULL RANGE OF CASIO PRODUCTS

Parent Company

-

Financial Elements

Sales : -

Networth : -

Paid-Up Capital : S$1,500,000

Net result : -

Net Margin(%) : -

Return on Equity(%) : -

Leverage Ratio : -

COMPANY IDENTIFICATION

^{Subject Company : SUMBER INDAH PTE. LTD.}

^{Former Name : -}

^{Business Address: 1 NORTH BRIDGE ROAD}

^#01-08

^{HIGH STREET CENTRE}

^{Town: SINGAPORE}

^{Postcode: 179094}

^{County: -}

^{Country: Singapore}

^{Telephone: 6337 0895}

^{Fax: 6336 6734}

^{ROC Number: 197802818K}

^{Reg. Town: -}

SUMMARY

^{All amounts in this report are in : SGD unless otherwise stated}

^{Legal Form: Exempt Pte Ltd}

^{Date Inc.: 03/11/1978}

^{Previous Legal Form: -}

^{Summary year : -}

^{Sales: -}

^{Capital: -}

^{Paid-Up Capital: 1,500,000}

^{Employees: 16}

^{Net result : -}

^{Share value: -}

^{AUDITOR : NATARAJAN & SWAMINATHAN}

^{BASED ON ACRA'S RECORD AS AT 25/08/2006}

^{CURRENCY AMOUNT}

^{ISSUED ORDINARY SGD 1,500,000.00}

^{PAID-UP ORDINARY SGD 1,500,000.00}

REFERENCES

CCMS Number: 702000343051

22495

Report Date: 31/08/2006

Update Date: 31/08/2006

Credit Requested: -

Credit Opinion: -

Litigation: No

Company status : TRADING

Started : 03/11/1978

PRINCIPAL(S)

^{BHAGWAN ROCHIRAM KIRPALANI S2577689E Director}

DIRECTOR(S)

^{JAIKISHIN BHAGWANDAS KIRPALANI S7081752G Director}

^{Appointed on : 15/11/1993}

^{Street : 63A BOURNEMOUTH ROAD}

^{Town: SINGAPORE}

^{Postcode: 436603}

^{Country: Singapore}

^{BHAGWAN ROCHIRAM KIRPALANI S2577689E Director}

^{Appointed on : 03/11/1978}

^{Street : 63A BOURNEMOUTH ROAD}

^{Town: SINGAPORE}

^{Postcode: 436603}

^{Country: Singapore}

^{BHAGWAN ROCHIRAM KIRPALANI S2577689E Company Secretary}

^{Appointed on : 02/09/1985}

^{Street : 63A BOURNEMOUTH ROAD}

^{Town: SINGAPORE}

^{Postcode: 436603}

^{Country: Singapore}

FORMER DIRECTOR(S)

^{SUNDER DAS S/O BALRAMDAS S0368380Z}

^{VASWANI RAJKAMAL ISSAR SINGH S2619528D}

^{BHAGWAN ROCHI RAM D024022}

^{VASWANI RAJ-KAMAL J982209}

ACTIVITY(IES)

^{ELECTRONIC COMPONENTS – DISTRIBUTORS Code:7607}

^{IMPORTERS And EXPORTERS Code:11760}

^{BASED ON ACRA'S RECORD AS AT 25/08/2006}

^{1) GENERAL WHOLESALE TRADE (INCLUDING GENERAL IMPORTERS & EXPORTERS)}

CHARGES

^{Date: 27/08/2005}

^{Comments : CHARGE NO: C200505162}

^{SECURED : 0.00 AND ALL MONIES OWING}

^{CHARGEE(S): SING INVESTMENTS & FINANCE LTD}

^{Date: 29/08/2005}

^{Comments : CHARGE NO: C200505188}

^{SECURED : 0.00 AND ALL MONIES OWING}

^{CHARGEE(S): SING INVESTMENTS & FINANCE LTD}

^{Date: 20/02/2006}

^{Comments : CHARGE NO: C200601141}

^{SECURED : 0.00 AND ALL MONIES OWING}

^{CHARGEE(S): DBS BANK LTD}

^{Date: 11/08/2004}

^{Comments : CHARGE NO: C200403944}

^{SECURED : 0.00 AND ALL MONIES OWING}

^{CHARGEE(S): BANK OF INDIA}

^{Date: 05/08/2004}

^{Comments : CHARGE NO: C200403860}

^{SECURED : 0.00 AND ALL MONIES OWING}

^{CHARGEE(S): BANK OF INDIA}

^{Date: 05/05/2005}

^{Comments : CHARGE NO: C200502641 (DISCHARGED)}

^{AMT SECURED: 0.00 AND ALL MONIES OWING}

^{CHARGEE(S): SING INVESTMENTS & FINANCE LIMITED}

^{Date: 25/04/2005}

^{Comments : CHARGE NO: C200502409 (DISCHARGED)}

^{AMT SECURED: 0.00 AND ALL MONIES OWING}

^{CHARGEE(S): SING INVESTMENTS & FINANCE LIMITED}

^{Date: 25/04/2005}

^{Comments : CHARGE NO: C200502408 (DISCHARGED)}

^{AMT SECURED: 0.00 AND ALL MONIES OWING}

^{CHARGEE(S): SING INVESTMENTS & FINANCE LIMITED}

^{Date: 04/09/1997}

^{Comments : CHARGE NO : 199705391}

^{SECURED : 0.00 AND ALL MONIES OWING}

^{CHARGEE(S) : OVERSEA-CHINESE BANKING CORPORATION LIMITED}

^{Date: 28/09/1995}

^{Comments : CHARGE NO : 9505989 (DISCHARGED)}

^{SECURED : 0.0000 ALL MONIES OWING}

^{CHARGEE(S) : OVERSEA-CHINESE BANKING CORPORATION LIMITED}

^{Date: 20/11/1995}

^{Comments : CHARGE NO : 9507126}

^{SECURED : 0.00 AND ALL MONIES OWING}

^{CHARGEE(S) : OVERSEA-CHINESE BANKING CORPORATION LIMITED}

^{Date: 03/12/1997}

^{Comments : CHARGE NO : 199707482}

^{SECURED : 0.00 AND ALL MONIES OWING}

^{CHARGEE [S] : OVERSEA-CHINESE BANKING CORPORATION LTD}

^{Date: 07/07/1995}

^{Comments : CHARGE NO : 9504149 (DISCHARGED)}

^{SECURED : 0.00 AND ALL MONIES OWING}

^{CHARGEE(S) : OVERSEAS UNION TRUST LIMITED}

^{Date: 07/12/1995}

^{Comments : CHARGE NO : 9507511 (DISCHARGED)}

^{SECURED : 0.0000 ALL MONIES OWING}

^{CHARGEE(S) : OVERSEA-CHINESE BANKING CORPORATION LIMITED}

^{Date: 03/09/1998}

^{Comments : CHARGE NO: 199804583}

^{SECURED: 0.00 AND ALL MONIES OWING}

^{CHARGEE: OVERSEA-CHINESE BANKING CORPORATION LIMITED}

^{Date: 03/09/1998 Amount: 2,270,000}

^{Comments : CHARGE NO: 199804584}

^{SECURED: 2,270,000.00 (SINGAPORE DOLLAR)}

^{CHARGEE: OVERSEA-CHINESE BANKING CORPORATION LIMITED}

^{Date: 07/09/1998}

^{Comments : CHARGE NO: 199804623}

^{SECURED: 0.00 AND ALL MONIES OWING}

^{CHARGEE: OVERSEA-CHINESE BANKING CORPORATION LIMTIED}

^{Date: 23/05/2000}

^{Comments : CHARGE NO: 200002245}

^{CHARGEE: OVERSEA-CHINESE BANKING CORPORATION LIMITED}

^{AMOUNT SECURED: 0.00 AND ALL MONIES OWING}

^{Date: 09/02/2001}

^{Comments : CHARGE NO: 200100680}

^{CHARGEE: BNP PARIBAS}

^{AMOUNT SECURED: 0.00 AND ALL MONIES OWING}

^{Date: 08/05/2003}

^{Comments : CHARGE NO : C200302062 (DISCHARGED)}

^{SECURED : 0.00 AND ALL MONIES OWING}

^{CHARGEE : DBS BANK LTD}

^{Date: 08/11/2002}

^{Comments : CHARGE NO : 200204926, 200204925}

^{SECURED : 0.00 AND ALL MONIES OWING}

^{CHARGEE : STANDARD CHARTERED BANK}

^{Date: 29/10/2003}

^{Comments : CHARGE NO : C200305159}

^{SECURED : 0.00 AND ALL MONIES OWING}

^{CHARGEE : OVERSEA-CHINESE BANKING CORPORATION LTD}

PREMISES/PROPERTY INFORMATIONS

^{Date: 01/04/2005}

^{Tax rate: 10}

^{Site Address : 1 NORTH BRIDGE RD}

^{#01-08 & #01-31 HIGH ST CENTRE}

^{Town: SINGAPORE}

^{Postcode: 179094}

^{Country: Singapore}

^{Annual Value: 28,500}

*TAX RATE OF 4% MEANS THE ADDRESS (I.E RESIDENTIAL PROPERTY) IS OWNER OCCUPIED.

*TAX RATE OF 10% MEANS THE ADDRESS (I.E RESIDENTIAL PROPERTY) IS PARTIALLY OR FULLY RENTED OUT BY THE OWNER/OWNED BY COMPANY.

*FOR PROPERTIES OTHER THAN RESIDENTIAL PROPERTIES REGARDLESS RENTED OUT OR NOT, THE TAX RATE IS 10% (I.E INDUSTRIAL AND COMMERCIAL PROPERTY).

*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.

BANKERS

^{OVERSEA-CHINESE BANKING CORPORATION LIMITED}

^{BNP PARIBAS}

^{DBS PTE. LTD.}

^{STANDARD CHARTERED BANK}

^{BANK OF INDIA}

SHAREHOLDERS(S)

^{JAIKISHIN BHAGWANDAS KIRPALANI 450,000 Private Person}

^{Street : 63A BOURNEMOUTH ROAD}

^{Town: SINGAPORE}

^{Postcode: 436603}

^{Country: Singapore}

^{BHAGWAN ROCHIRAM KIRPALANI 1,050,000 Private Person}

^{Street : 63A BOURNEMOUTH ROAD}

^{Town: SINGAPORE}

^{Postcode: 436603}

^{Country: Singapore}

FORMER SHAREHOLDER(S)

^{SUNDER DAS S/O BALRAMDAS 10,001}

^{VASWANI RAJKAMAL ISSAR SINGH 200,000}

^{BHAGWAN ROCHI RAM 190,001}

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

^{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 03/11/1978 AS A LIMITED EXEMPT PRIVATE COMPANY AND IS TRADING UNDER ITS PRESENT NAMESTYLE AS "SUMBER INDAH PTE. LTD.".}

^{AS AT 25/08/2006, THE COMPANY HAS ISSUED AND PAID-UP CAPITAL OF 1,500,000 SHARES OF A VALUE OF S$1,500,000.}

^{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 & EXPORTERS)}

^{FROM THE RESEARCH DONE, THE FOLLOWING INFORMATION WAS GATHERED:}

^{SUBJECT ENGAGES IN THE FOLLOWING ACTIVITIES:}

^{* MAJOR IMPORTER AND EXPORTER WHOLESALER AND STOCKIST OF FULL RANGE OF}

^{CASIO PRODUCTS.}

^{FROM THE TELE-INTERVIEW CONDUCTED, THE FOLLOWING WAS}

^GATHERED:

^{IMPORT COUNTRIES:}

^{* INDIA}

^{* MYANMAR}

^{* JAPAN}

^{* NIGERIA}

^{* SRI LANKA}

^{* LAOS}

^{* MAURITIUS}

^{EXPORT COUNTRIES:}

^{* INDIA}

^{THE SUBJECT MAINLY EXPORTS AND SELLS LOCALLY OCCASIONALLY.}

^{TERMS OF PAYMENT:}

^{* SUPPLIERS: LETTER OF CREDIT}

^{* CUSTOMERS: CASH (LOCAL AND OVERSEAS)}

^{NUMBER OF EMPLOYEES:}

^{* COMPANY - 2006: 16-17}

^{NO OTHER TRADE INFORMATION IS AVAILABLE ON 31/08/2006.}

^{REGISTERED AND BUSINESS ADDRESS :}

^{1 NORTH BRIDGE ROAD}

^#01-08

^{HIGH STREET CENTRE}

^{SINGAPORE 179094}

^{- OWNED PREMISE}

^{- DATE OF CHANGE OF ADDRESS : 23/01/1996}

^WESBITE:

^{http://web.singnet.com.sg/~sumber/}

^EMAIL:

^{sumber@singnet.net.sg}

MANAGEMENT

^{THE DIRECTORS AT THE TIME OF THE REPORT ARE:}

^{1) BHAGWAN ROCHIRAM KIRPALANI, A SINGAPORE PERMANENT RESIDENT}

^{- HOLDS NO OTHER DIRECTORSHIP IN OUR DATABASE.}

^{2) JAIKISHIN BHAGWANDAS KIRPALANI, A SINGAPOREAN}

^{- HOLDS NO OTHER DIRECTORSHIP IN OUR DATABASE.}

ADVERSE ON DIRECTORS

^{DIRECTOR'S NAME: BHAGWAN ROCHIRAM KIRPALANI}

^{ADVERSE REPORT AGAINST DIRECTOR: NIL}

^{PROPERTY OWNERSHIP:NIL}

^{DIRECTOR'S NAME: JAIKISHIN BHAGWANDAS KIRPALANI}

^{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 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.

DOMESTIC SALES OF GENERAL WHOLESALE TRADE ROSE SUBSTANTIALLY BY 61.6%. SHIP CHANDLERS & BUNKERING REGISTERED RISES WHICH WAS MAINLY ATTRIBUTED TO PRICE INCREASES. TELECOMMUNICATIONS & COMPUTERS AND ELECTRONIC COMPONENTS POSTED DOUBLE-DIGIT GROWTHS.

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%.

MOST OF THE MAJOR SECTORS REGISTERED SLOWER BUSINESS IN 1Q2006 WITH THE EXCEPTION OF TELECOMMUNICATIONS & COMPUTERS AND GENERAL WHOLESALE TRADE.

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%.

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

FOREIGN EXCHANGE RATES

Currency	Unit	Indian Rupees
US Dollar	1	Rs.53.91
UK Pound	1	Rs.87.60
Euro	1	Rs.70.01

INFORMATION DETAILS

Report Prepared by :

MNL

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	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
----	NB	New Business	----

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%)

PRIVATE & CONFIDENTIAL : This information is provided to you at your request, you having employed MIPL for such purpose. You will use the information as aid only in determining the propriety of giving credit and generally as an aid to your business and for no other purpose. You will hold the information in strict confidence, and shall not reveal it or make it known to the subject persons, firms or corporations or to any other. MIPL does not warrant the correctness of the information as you hold it free of any liability whatsoever. You will be liable to and indemnify MIPL for any loss, damage or expense, occasioned by your breach or non observance of any one, or more of these conditions

This report is issued at your request without any risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL) or its officials.