|
* Adopted abbreviations :
|
SC - Subject Company (the company enquired by you)
|
|
|
|
N/A - Not Applicable
|
|
|
|
EXECUTIVE SUMMARY
|
REGISTRATION NO.
|
:
|
200000363-K
|
|
COMPANY NAME
|
:
|
SAMPAI EXPRESS SERVICE AGENCIES PTE. LTD.
|
|
FORMER NAME
|
:
|
N/A
|
|
INCORPORATION DATE
|
:
|
14/01/2000
|
|
|
|
|
|
|
|
|
|
COMPANY STATUS
|
:
|
EXIST
|
|
LEGAL FORM
|
:
|
EXEMPT PRIVATE
|
|
LISTED STATUS
|
:
|
NO
|
|
|
|
|
|
|
|
|
|
REGISTERED ADDRESS
|
:
|
625, LORONG 4,
TOA PAYOH, GENERAL MAGNETICS, 319519, SINGAPORE.
|
|
BUSINESS
ADDRESS
|
:
|
625 LORONG 4,
TOA PAYOH, BLOCK A, GENERAL MAGNETICS BUILDING, 319519, SINGAPORE.
|
|
TEL.NO.
|
:
|
65-67435051
|
|
FAX.NO.
|
:
|
65-62586493
|
|
CONTACT PERSON
|
:
|
CHIN CHIN (
STAFF )
|
|
|
|
|
|
|
|
|
|
PRINCIPAL ACTIVITY
|
:
|
FREIGHT FORWARDING AND WAREHOUSING
|
|
|
|
|
|
ISSUED AND PAID UP CAPITAL
|
:
|
100,000.00 ORDINARY SHARE, OF A VALUE OF SGD 100,000.00
|
|
|
|
|
|
SALES
|
:
|
N/A
|
|
NET WORTH
|
:
|
N/A
|
|
|
|
|
|
STAFF STRENGTH
|
:
|
10 [2013]
|
|
LITIGATION
|
:
|
TRACED
|
|
FINANCIAL CONDITION
|
:
|
N/A
|
|
PAYMENT
|
:
|
N/A
|
|
MANAGEMENT CAPABILITY
|
:
|
AVERAGE
|
|
|
|
|
|
COMMERCIAL RISK
|
:
|
MODERATE
|
|
CURRENCY EXPOSURE
|
:
|
MODERATE
|
|
GENERAL REPUTATION
|
:
|
SATISFACTORY
|
|
INDUSTRY OUTLOOK
|
:
|
MARGINAL GROWTH
|
HISTORY / BACKGROUND
The SC is an
exempt private company whose shares are not held by any corporate body and has
no more than 20 shareholders who are all natural persons. An exempt company
is a type of private limited company. A private limited company is a separate
legal entity from its shareholders. As a separate legal entity, the SC is
capable of owning assets, entering into contracts, suing or be sued by other
companies. An exempt private company with an annual turnover of less than
SGD5 million are exempted from statutory auditing requirements. Instead of
filing audited annual accounts, the SC has to file in a document duly signed
by its director in charge of its finance and the company secretary stating
that the SC is able to meet all its obligations as and when they fall due.
The SC is not required to have their accounts audited. However, the SC will
prepare unaudited accounts for purposes of AGMs and filing with Registry
Office if it is unable to meet all its obligations as and when they fall due
.
The SC is
principally engaged in the (as a / as an) freight forwarding and warehousing.
The major shareholder(s) of the SC are shown as follows :
|
Name
|
Address
|
IC/PP/Loc No
|
Shareholding
|
(%)
|
|
MR. TAN WAN HAI @ TAN PUAY SECK @ TAN WOH HOI +
|
14, BEDOK AVENUE, 469917, SINGAPORE.
|
S0753952E
|
60,000.00
|
60.00
|
|
TAN LAY GEOK +
|
148, BEDOK RESERVOIR ROAD, 10-1683 , 470148, SINGAPORE.
|
S0185745B
|
20,000.00
|
20.00
|
|
TAN KENG BOON
|
3, SIN MING WALK, 05-30, GARDENS AT BISHAN, THE, 575575, SINGAPORE.
|
S1808487B
|
20,000.00
|
20.00
|
|
|
|
|
---------------
|
------
|
|
|
|
|
100,000.00
|
100.00
|
|
|
|
|
============
|
=====
|
+ Also Director
DIRECTORS
DIRECTOR 1
|
Name Of Subject
|
:
|
TAN LAY GEOK
|
|
Address
|
:
|
148, BEDOK RESERVOIR ROAD, 10-1683 , 470148, SINGAPORE.
|
|
IC / PP No
|
:
|
S0185745B
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Nationality
|
:
|
SINGAPOREAN
|
|
Date of Appointment
|
:
|
14/01/2000
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
DIRECTOR 2
|
Name Of Subject
|
:
|
MR. TAN WAN HAI @ TAN PUAY SECK @ TAN WOH HOI
|
|
Address
|
:
|
14, BEDOK AVENUE, 469917, SINGAPORE.
|
|
IC / PP No
|
:
|
S0753952E
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Nationality
|
:
|
SINGAPOREAN
|
|
Date of Appointment
|
:
|
14/01/2000
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
MANAGEMENT
|
1)
|
Name of Subject
|
:
|
CHIN CHIN
|
|
|
Position
|
:
|
STAFF
|
|
|
|
|
|
|
2)
|
Name of Subject
|
:
|
TAN WAN HAI @ TAN PUAY SECK @ TAN WOH HOI
|
|
|
Position
|
:
|
DIRECTOR
|
|
|
|
|
|
AUDITOR
|
Auditor
|
:
|
G. S. CHUA & CO.
|
|
Auditor' Address
|
:
|
N/A
|
|
|
|
|
COMPANY SECRETARIES
|
1)
|
Company Secretary
|
:
|
LIM SWEE HWA
|
|
|
IC / PP No
|
:
|
S1437147H
|
|
|
|
|
|
|
|
Address
|
:
|
224, BISHAN STREET 23, 06-125, 570224, SINGAPORE.
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
BANKING
No Banker found in our databank.
ENCUMBRANCE (S)
No encumbrance was found in our databank at the time of investigation.
LEGAL CHECK AGAINST SC
* A check has been conducted in our databank against the SC whether the subject
has been involved in any litigation.
|
LEGAL ACTION
|
|
|
|
|
|
Code No
|
:
|
99
|
Case No
|
:
|
26925
|
|
|
|
|
|
|
Year
|
:
|
2006
|
Place
|
:
|
SINGAPORE
|
|
|
|
|
|
|
Court
|
:
|
MAGISTRATE COURT
|
|
|
|
|
|
|
|
|
|
Date Filed
|
:
|
03/11/2006
|
|
|
|
|
|
|
|
|
|
Solicitor
|
:
|
SIOW JIT THONG
|
|
|
|
|
|
|
|
|
|
Solicitor Ref
|
:
|
DS/120207/0306/PPC 1685
|
|
|
|
|
|
|
|
|
|
Solicitor Firm
|
:
|
DAVID SIOW CHUA & TAN LLC
|
|
|
|
|
|
|
Plaintiff
|
:
|
WONG CHOONG LIONG
|
|
|
|
|
Defendants
|
:
|
|
SAMPAI EXPRESS SERVICE AGENCIES PTE. LTD. (200000363)
|
|
|
|
|
|
|
|
|
|
Amount Claimed
|
:
|
105
|
|
|
|
|
|
|
|
|
|
Nature of Claim
|
:
|
SGD
|
|
|
|
|
|
|
|
|
|
Remark
|
:
|
TORT- NEGLIGENCE
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Code No
|
:
|
99
|
Case No
|
:
|
1182
|
|
|
|
|
|
|
Year
|
:
|
2007
|
Place
|
:
|
SINGAPORE
|
|
|
|
|
|
|
Court
|
:
|
DISTRICT COURT
|
|
|
|
|
|
|
|
|
|
Date Filed
|
:
|
13/04/2007
|
|
|
|
|
|
|
|
|
|
Solicitor
|
:
|
TAN CHEE KIONG
|
|
|
|
|
|
|
|
|
|
Solicitor Ref
|
:
|
S. CK. 13596.03.JL
|
|
|
|
|
|
|
|
|
|
Solicitor Firm
|
:
|
SEAH ONG & PARTNERS
|
|
|
|
|
|
|
Plaintiff
|
:
|
THE MANAGEMENT CORPORATION STRATA TITLE PLAN NO.8
|
|
|
|
|
Defendants
|
:
|
|
SAMPAI EXPRESS SERVICE AGENCIES PTE. LTD. (200000363)
|
|
|
|
|
|
|
|
|
|
Amount Claimed
|
:
|
100000
|
|
|
|
|
|
|
|
|
|
Nature of Claim
|
:
|
SGD
|
|
|
|
|
|
|
|
|
|
Remark
|
:
|
OTHERS/ MISCELLANEOUS
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Code No
|
:
|
99
|
Case No
|
:
|
11013
|
|
|
|
|
|
|
Year
|
:
|
2013
|
Place
|
:
|
SINGAPORE
|
|
|
|
|
|
|
Court
|
:
|
MAGISTRATE COURT
|
|
|
|
|
|
|
|
|
|
Date Filed
|
:
|
20/05/2013
|
|
|
|
|
|
|
|
|
|
Solicitor Ref
|
:
|
TC.1645. 1212.TB
|
|
|
|
|
|
|
|
|
|
Solicitor Firm
|
:
|
TOMMY CHOO MARK GO & PARTNERS
|
|
|
|
|
|
|
Plaintiff
|
:
|
TOH YEW BER
|
|
|
|
|
Defendants
|
:
|
|
SAMPAI EXPRESS SERVICE AGENCIES PTE. LTD. (200000363)
|
|
|
|
|
|
|
|
|
|
Amount Claimed
|
:
|
60000
|
|
|
|
|
|
|
|
|
|
Nature of Claim
|
:
|
SGD
|
|
|
|
|
|
|
|
|
|
Remark
|
:
|
TORT- NEGLIGENCE
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
NOTE:
|
Please check with creditors for confirmation as alleged debts may
have been paid since recorded or are being disputed. The person wo has been
sued has the same name as the subject. However, we are unable to determine
whether the person sued is the one and the same person.
|
|
No winding up petition was found in our databank
|
|
|
|
|
PAYMENT RECORD
|
SOURCES OF RAW MATERIALS:
|
|
Local
|
:
|
N/A
|
|
Overseas
|
:
|
N/A
|
|
|
|
|
The SC refused to disclose its suppliers
CLIENTELE
|
Local
|
:
|
YES
|
|
Domestic Markets
|
:
|
SINGAPORE
|
|
Overseas
|
:
|
YES
|
|
|
|
|
Export Market
|
:
|
ASIA
|
|
Credit Term
|
:
|
AS AGREED
|
|
|
|
|
|
|
|
|
Payment Mode
|
:
|
CHEQUES
TELEGRAPHIC TRANSFER (TT)
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
OPERATIONS
|
Services
|
:
|
FREIGHT FORWARDING AND WAREHOUSING
|
|
|
|
|
|
Total Number of Employees:
|
|
YEAR
|
2013
|
|
|
|
|
GROUP
|
N/A
|
|
|
|
|
|
|
|
|
|
COMPANY
|
10
|
|
|
|
|
|
|
|
|
Other Information:
The SC is principally engaged in the (as a / as an) freight forwarding and
warehousing.
The SC is engaged in the freight forwarding and warehousing business.
CURRENT INVESTIGATION
Latest fresh
investigations carried out on the SC indicated that :
|
Telephone Number Provided By Client
|
:
|
65 67435051/ 67433096
|
|
Current Telephone Number
|
:
|
65-67435051
|
|
Match
|
:
|
YES
|
|
|
|
|
|
Address Provided by Client
|
:
|
NO. 631 ALJUNIED ROAD, FU IND BLD SINGAPORE 389840 LEBAR RD
SINGAPORE
|
|
Current Address
|
:
|
625 LORONG 4, TOA PAYOH, BLOCK A, GENERAL MAGNETICS BUILDING,
319519, SINGAPORE.
|
|
Match
|
:
|
NO
|
|
|
|
|
|
We have contacted the SC's Accountant and its Company Secretary for the latest
financial accounts. However they have rejected our request in view of the
confidentiality of the documents.
|
|
|
Other Investigations
We contacted one of the staff from the SC and she provided some information
on the SC.
The SC had shifted from the address provided.
FINANCIAL ANALYSIS
|
The SC is a private exempt company which does not need to file in
its accounts with the Registrar of Companies for the information of the public.
Therefore, we are not able to comment on the SC's financial performance.
|
|
|
|
|
|
|
|
|
|
Overall financial condition of the SC : N/A
|
SINGAPORE ECONOMIC / INDUSTRY
OUTLOOK
|
Major Economic Indicators :
|
2008
|
2009
|
2010
|
2011
|
2012
|
|
|
|
|
|
|
|
|
Population (Million)
|
4.84
|
4.98
|
5.08
|
5.18
|
5.31
|
|
Gross Domestic Products ( % )
|
1.5
|
<0.8>
|
14.5
|
4.9
|
1.3
|
|
Consumer Price Index
|
6.6
|
0.6
|
2.8
|
5.2
|
4.6
|
|
Total Imports (Million)
|
450,892.6
|
356,299.3
|
423,221.8
|
459,655.1
|
474,554.0
|
|
Total Exports (Million)
|
476,762.2
|
391,118.1
|
478,840.7
|
514,741.2
|
510,329.0
|
|
|
|
|
|
|
|
|
Unemployment Rate (%)
|
2.2
|
3.2
|
2.2
|
2.1
|
2.0
|
|
Tourist Arrival (Million)
|
10.12
|
9.68
|
11.64
|
13.17
|
14.37
|
|
Hotel Occupancy Rate (%)
|
81.0
|
75.8
|
85.6
|
86.5
|
86.4
|
|
Cellular Phone Subscriber (Million)
|
1.31
|
1.37
|
1.43
|
1.50
|
1.52
|
|
|
|
|
|
|
|
|
Registration of New Companies (No.)
|
25,327
|
26,414
|
29,798
|
32,317
|
31,892
|
|
Registration of New Companies (%)
|
<2.2>
|
4.3
|
12.8
|
8.5
|
<1.3>
|
|
Liquidation of Companies (No.)
|
10,493
|
22,393
|
15,126
|
19,005
|
17,218
|
|
Liquidation of Companies (%)
|
13.7
|
113.4
|
<32.5>
|
25.6
|
9.4
|
|
|
|
|
|
|
|
|
Registration of New Businesses (No.)
|
24,850
|
26,876
|
23,978
|
23,494
|
24,788
|
|
Registration of New Businesses (%)
|
0.36
|
8.15
|
<10.78>
|
2.02
|
5.51
|
|
Liquidation of Businesses (No.)
|
21,150
|
23,552
|
24,211
|
23,005
|
22,489
|
|
Liquidation of Businesses (%)
|
<0.8>
|
11.4
|
2.8
|
<5>
|
<2.2>
|
|
|
|
|
|
|
|
|
Bankruptcy Orders (No.)
|
2,326
|
2,058
|
1,537
|
1,527
|
1,748
|
|
Bankruptcy Orders (%)
|
<15.9>
|
<11.5>
|
<25.3>
|
<0.7>
|
14.5
|
|
Bankruptcy Discharges (No.)
|
1,500
|
3,056
|
2,252
|
1,391
|
1,881
|
|
Bankruptcy Discharges (%)
|
<7.7>
|
103.7
|
<26.3>
|
<38.2>
|
35.2
|
|
|
|
|
|
|
|
|
INDUSTRIES ( % of Growth ) :
|
|
|
|
|
|
|
Agriculture
|
|
|
|
|
|
|
Production of Principal Crops
|
<0.32>
|
3.25
|
<0.48>
|
4.25
|
3.64
|
|
Fish Supply & Wholesale
|
<6.31>
|
<1.93>
|
<10.5>
|
12.10
|
<0.5>
|
|
|
|
|
|
|
|
|
Manufacturing *
|
74.6
|
71.5
|
92.8
|
100.0
|
100.3
|
|
Food, Beverages & Tobacco
|
94.8
|
90.4
|
96.4
|
100.0
|
103.5
|
|
Textiles
|
180.1
|
145.9
|
122.1
|
100.0
|
104.0
|
|
Wearing Apparel
|
334.6
|
211.0
|
123.3
|
100.0
|
92.1
|
|
Leather Products & Footwear
|
128.2
|
79.5
|
81.8
|
100.0
|
98.6
|
|
Wood & Wood Products
|
132.0
|
101.4
|
104.0
|
100.0
|
95.5
|
|
Paper & Paper Products
|
101.0
|
95.4
|
106.1
|
100.0
|
97.4
|
|
Printing & Media
|
118.2
|
100.9
|
103.5
|
100.0
|
93.0
|
|
Crude Oil Refineries
|
113.1
|
96.4
|
95.6
|
100.0
|
99.4
|
|
Chemical & Chemical Products
|
84.5
|
80.3
|
97.6
|
100.0
|
100.5
|
|
Pharmaceutical Products
|
43.7
|
49.1
|
75.3
|
100.0
|
109.7
|
|
Rubber & Plastic Products
|
120.1
|
101.2
|
112.3
|
100.0
|
96.5
|
|
Non-metallic Mineral
|
96.5
|
91.9
|
92.5
|
100.0
|
98.2
|
|
Basic Metals
|
109.8
|
92.6
|
102.2
|
100.0
|
90.6
|
|
Fabricated Metal Products
|
101.3
|
90.8
|
103.6
|
100.0
|
104.3
|
|
Machinery & Equipment
|
65.0
|
57.3
|
78.5
|
100.0
|
112.9
|
|
Electrical Machinery
|
81.7
|
86.8
|
124.1
|
100.0
|
99.3
|
|
Electronic Components
|
93.1
|
85.2
|
113.6
|
100.0
|
90.6
|
|
Transport Equipment
|
102.0
|
96.0
|
94.0
|
100.0
|
106.3
|
|
|
|
|
|
|
|
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Construction
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45.90
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<36.9>
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14.20
|
20.50
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28.70
|
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Real Estate
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<11.2>
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1.4
|
21.3
|
25.4
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31.9
|
|
|
|
|
|
|
|
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Services
|
|
|
|
|
|
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Electricity, Gas & Water
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<1.3>
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1.70
|
4.00
|
7.00
|
6.30
|
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Transport, Storage & Communication
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11.60
|
3.90
|
12.80
|
7.40
|
5.30
|
|
Finance & Insurance
|
<5.9>
|
<16.4>
|
<0.4>
|
8.90
|
0.50
|
|
Government Services
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17.40
|
4.50
|
9.70
|
6.90
|
6.00
|
|
Education Services
|
0.50
|
0.10
|
<0.9>
|
<1.4>
|
0.30
|
|
|
|
|
|
|
|
|
* Based on Index of Industrial Production (2011 = 100)
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|
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(Source : Department of Statistics)
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INDUSTRY ANALYSIS
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INDUSTRY :
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ECONOMY
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According to Ministry of Trade and Industry (MTI), the Singapore
economy is expected to grow by 1.0 to 3.0% in 2013 as growth in the global
economy is likely to remain subdued despite macroeconomic conditions
stablising in recent months of 2013.
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However, the global economic outlook is still clouded with
uncertainties. Notably, concerns remain over the extent of the fiscal
cutback with the budget sequester in the US and potential flareup of the debt
crisis in the Eurozone. Should any of these risks materialise, Singapore's
economic growth could come in lower than expected.
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Although resilient domestic demand in emerging Asia will provide
some support to global demand, it will not fully mitigate the effects of an
economic slowdown in the advanced economies. Consequently, Singapore's
externally-oriented sectors such as electronics and wholesale trade will
continue to perform poorly, while the financial services sector will be
affected by heightened uncertainties in the external environment.
Nevertheless, there will be some modest support to growth from the
biomedical manufacturing cluster and tourism-related sectors. The former
will likely see increased production of active pharmaceutical ingredients
and biologics while the latter will benefit from rising visitor arrivals
from the region.
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For the whole of 2012, Singapore's GDP growth slowed to 1.3%, from
5.2% in 2011, mainly due to weakness in the externally-oriented sectors. Manufacturing
sector growth slowed sharply from 7.8% in the year 2011 to 0.1%. The hudge
decline was largely due to a rebound in the output of the biomedical
manufacturing and transport engineering clusters, which together helped to
mitigate part of the fall in output in the electronics cluster. By
contrast, the construction sector growth accelerated from 6.3% to 8.2% in
2012, due to the expansion in both public and private building activities.
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Growth in the services producing industries also moderated to 1.2%
in 2012, compared to 4.6% in 2011. This was mainly due to the slowdown in
wholesale and retail trade, accommodation and food services as well as
other services industries. In particular, the wholesale and retail trade
sector contracted by 0.7%, compared to the 1.6% growth in year 2011. The
accommodation and food services as well as other services industries posted
lower gains of 2.8% and 0.1% respectively, compared to 8.2% and 6.3% in
2011.
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For the whole of 2012, all sectors, except the wholesale and retail
trade, contributed to growth. Business services was the largest contributor
with 0.4 percentage-points, followed by construction with 0.3
percentage-points and transportation and storage at 0.2 percentagepoints.
Besides, growth in total demand moderated to 2.4%, compared to 4.2% in
2011. Domestic demand was the key contributor to total demand growth,
accounting for 2.2 percentage-points, or over 90 per cent, of the increase.
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In 2012, total domestic demand rose by 9.7%, following the 6.5%
increase in 2011. The growth in total domestic demand was broad-based
across consumption, gross fixed capital formation (GFCF) and changes in
inventories. The total consumption expenditure in 2012 grew slightly by
0.9%, easing from the 3.7% growth in 2011. Public consumption expenditure
fell by 3.6%, reversing the 0.5% growth in 2011. Private consumption
expenditure registered a 2.2% gain, moderating from the 4.6% increase in
the preceding year.
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Overall, the Singapore economy is expected to grow by 1.0 to 3.0% in
2013.
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OVERALL INDUSTRY OUTLOOK : MARGINAL GROWTH
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CREDIT RISK EVALUATION & RECOMMENDATION
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Incorporated in 2000, the SC is a Exempt Private company, focusing on
freight forwarding and warehousing. Having been in the industry for over a
decade, the SC has achieved a certain market share and has built up a
satisfactory reputation in the market. It should have received supports
from its regular customers. Being a small company with a share capital of
SGD100,000 contributed from individual shareholders, the SC does not have
strong shareholders' backing.
Apart from supplying its products to the local market, the SC also exports
to overseas countries. Its ability to penetrate into the global market has
benefited the SC in terms of higher profitability and well diversified its
business risk. Hence, better growth prospect can be expected. Being a small
company, the SC's business operation is supported by 10 employees. Overall,
we regard that the SC's management capability is average.
As the SC is registered as an Exempt Private company, it is not required to
file financial statements for public review. As such, we are unable to
ascertain its present financial health.
The industry has reached its maturity stage and only enjoying a marginal
growth. The steady growth of the country's economy will further enhance the
industry activities. Thus, the SC's future performance is very much depend
on its marketing strategies in order to retain its position in the market.
Due to the unavailability of the SC's latest financial information, we only
recommend credit be proceeded to the SC with guarantee.
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FINANCIAL ACCOUNT
No latest financial accounts are available at the Registry Office.
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