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* Adopted abbreviations :
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SC - Subject Company (the company
enquired by you)
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N/A - Not Applicable
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EXECUTIVE
SUMMARY
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REGISTRATION NO.
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:
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53203195-D
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COMPANY NAME
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:
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DSR IMPEX
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COMMENCEMENT DATE
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:
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11/11/2011
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REGISTRATION DATE
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:
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11/11/2011
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EXPIRY DATE
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:
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11/11/2013
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BUSINESS CONSTITUTION
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:
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SOLE PROPRIETORSHIP
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BUSINESS ADDRESS
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:
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106 ALJUNIED CRESCENT 10-187, 380106,
SINGAPORE.
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TEL.NO.
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:
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65-91899495
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FAX.NO.
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:
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N/A
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CONTACT PERSON
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:
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LILU ( MANAGER )
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PRINCIPAL ACTIVITY
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:
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FORWARDING AGENT
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STAFF STRENGTH
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:
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N/A
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LITIGATION
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:
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CLEAR
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PAYMENT
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:
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N/A
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MANAGEMENT CAPABILITY
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:
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WEAK
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COMMERCIAL RISK
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:
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N/A
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CURRENCY EXPOSURE
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:
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N/A
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GENERAL REPUTATION
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:
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NOT YET DETERMINED
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INDUSTRY OUTLOOK
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:
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MATURE
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HISTORY
/ BACKGROUND
The SC commenced its business on 11/11/2011
as a SOLE PROPRIETORSHIP.
The SC is a sole proprietorship, that is,
it has a single owner whose liabilities are unlimited. In case the SC is
unable to meet all its obligations, the creditors can claim on the owner's
personal assets. The sole proprietorship ceases upon the death of the owner
or any time at the discretion of the owner. The ownership is
non-transferable. Under the law, the SC has to file in its information with
Registrar of Business but it is not required to file in its financial
statements.
The SC is principally engaged in the (as a
/ as an) forwarding agent.
The owner of
the SC are shown as follows :
Name
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Address
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IC/PP/Loc No
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Shareholding
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(%)
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LUHURINAH MEKAR
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106 ALJUNIED CRESCENT, 10-187, , 380106,
SINGAPORE.
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S7082890A
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100.00
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100.00
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---------------
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------
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100.00
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100.00
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============
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=====
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+ Also Director
OWNERS
OWNER(S) 1
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Name Of Subject
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:
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LUHURINAH MEKAR
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Address
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:
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106 ALJUNIED CRESCENT, 10-187, 380106,
SINGAPORE.
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IC / PP No
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:
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S7082890A
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Date of Appointment
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:
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11/11/2011
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Shareholding
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:
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100%
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MANAGEMENT
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1)
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Name of Subject
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:
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LILU
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Position
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:
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MANAGER
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AUDITOR
No Auditor found in our databank
BANKING
No Banker found in our databank.
LEGAL
CHECK AGAINST SC
* A check has been conducted in our databank againt the SC whether the subject
has been involved in any litigation.
No legal action was found in our databank.
PAYMENT
RECORD
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SOURCES OF RAW MATERIALS:
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Local
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:
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N/A
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Overseas
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:
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N/A
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The SC refused to disclose any information on its suppliers.
CLIENTELE
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Local
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:
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N/A
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Overseas
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:
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N/A
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The SC refused
to disclose any information on its clientele.
OPERATIONS
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Services
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:
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FORWARDING AGENT
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Other Information:
The SC is principally engaged in the (as a / as an) forwarding agent.
The SC refused to disclose any information on its operation.
CURRENT
INVESTIGATION
Latest fresh investigations carried out on the SC indicated that :
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Telephone Number Provided By Client
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:
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65 9189 9495 H.P. 90871818
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Current Telephone Number
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:
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65-91899495
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Match
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:
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YES
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Address Provided by Client
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:
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C/O 106 ALJUNIED CRESCENT 10-187
(SKADA/SBM, SINGAPORE
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Current Address
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:
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106 ALJUNIED CRESCENT 10-187, 380106,
SINGAPORE.
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Match
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:
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NO
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Other Investigations
We contacted one of the staff from the SC and she only provided limited
information on the SC.
She refused to disclose the number of employees and fax number.
The address provided is incomplete.
FINANCIAL
ANALYSIS
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We are unable to comment on the SC
financial position as the SC is not required by the law to file its
financial statement in the Registrar of Business.
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Overall financial condition of the SC :
N/A
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SINGAPORE
ECONOMIC / INDUSTRY OUTLOOK
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Major Economic Indicators :
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2006
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2007
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2008
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2009
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2010
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Population (Million)
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4.40
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4.58
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4.84
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4.98
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5.08
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Gross Domestic Products ( % )
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8.7
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8.8
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1.5
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<0.8>
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14.5
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Consumer Price Index
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1.0
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2.1
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6.6
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0.6
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2.8
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Total Imports (Million)
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378,924.1
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395,979.7
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450,892.6
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356,299.3
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423,221.8
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Total Exports (Million)
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431,559.2
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450,627.7
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476,762.2
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391,118.1
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478,840.7
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Unemployment Rate (%)
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2.7
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2.3
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2.2
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3.2
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2.2
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Tourist Arrival (Million)
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9.75
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10.28
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10.12
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9.68
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11.64
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Hotel Occupancy Rate (%)
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85.2
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87.0
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81.0
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75.8
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85.6
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Cellular Phone Subscriber (Million)
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1.05
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1.22
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1.31
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1.37
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1.43
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Registration of New Companies (No.)
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21,495
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25,903
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25,327
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26,414
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29,798
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Registration of New Companies (%)
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10.2
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20.5
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<2.2>
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4.3
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12.8
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Liquidation of Companies (No.)
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8,980
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9,226
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10,493
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22,393
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15,126
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Liquidation of Companies (%)
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28.1
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2.7
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13.7
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113.4
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<32.5>
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Registration of New Businesses (No.)
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24,219
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24,762
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24,850
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26,876
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23,978
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Registration of New Businesses (%)
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3.17
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2.24
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0.36
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8.15
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<10.78>
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Liquidation of Businesses (No.)
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26,843
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21,322
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21,150
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23,552
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24,211
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Liquidation of Businesses (%)
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<52.3>
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<20.6>
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<0.8>
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11.4
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2.8
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Bankruptcy Orders (No.)
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2,983
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2,767
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2,326
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2,058
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1,537
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Bankruptcy Orders (%)
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15.8
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<7.2>
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<15.9>
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<11.5>
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<25.3>
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Bankruptcy Discharges (No.)
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1,634
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1,626
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1,500
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3,056
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2,252
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Bankruptcy Discharges (%)
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<2.9>
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<0.5>
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<7.7>
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103.7
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<26.3>
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INDUSTRIES ( % of Growth ) :
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Agriculture
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Production of Principal Crops
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3.91
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5.26
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<0.32>
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3.25
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<0.48>
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Fish Supply & Wholesale
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1.33
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<3.91>
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<6.31>
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<1.93>
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3.60
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Manufacturing *
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94.4
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100.0
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95.8
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91.8
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119.1
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Food, Beverages & Tobacco
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89.9
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100.0
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107.7
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102.7
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109.5
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Textiles
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119.9
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100.0
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92.6
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75.0
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62.8
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Wearing Apparel
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114.5
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100.0
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71.8
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45.3
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26.4
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Leather Products & Footwear
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100.3
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100.0
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84.7
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52.6
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54.1
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Wood & Wood Products
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107.1
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100.0
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88.8
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68.3
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70.0
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Paper & Paper Products
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92.5
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100.0
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98.8
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93.3
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103.7
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Printing & Media
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97.6
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100.0
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96.7
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82.5
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84.7
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Crude Oil Refineries
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100.2
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100.0
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101.0
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86.1
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85.4
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Chemical & Chemical Products
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93.8
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100.0
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95.1
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90.4
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109.9
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Pharmaceutical Products
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102.1
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100.0
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92.8
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104.4
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159.9
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Rubber & Plastic Products
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100.1
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100.0
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92.2
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77.6
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86.1
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Non-metallic Mineral
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113.1
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100.0
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83.1
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79.1
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79.7
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Basic Metals
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110.0
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100.0
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120.9
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101.9
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112.5
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Fabricated Metal Products
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97.8
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100.0
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95.0
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85.2
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97.2
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Machinery & Equipment
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83.9
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100.0
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97.4
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85.8
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117.7
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Electrical Machinery
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98.8
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100.0
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98.1
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104.2
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149.1
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Electronic Components
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96.1
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100.0
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93.0
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85.1
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115.5
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Transport Equipment
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85.3
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100.0
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106.7
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100.2
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99.3
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Construction
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46.60
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45.60
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45.90
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<36.9>
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14.20
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Real Estate
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12.9
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40.8
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<11.2>
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1.4
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21.3
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Services
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Electricity, Gas & Water
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<5.3>
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11.00
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<1.3>
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1.70
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4.00
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Transport, Storage & Communication
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6.00
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8.50
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11.60
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3.90
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12.80
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Finance & Insurance
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6.40
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41.50
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<5.9>
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<16.4>
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<0.4>
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Government Services
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13.50
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3.80
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17.40
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4.50
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9.70
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Education Services
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1.10
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1.80
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0.50
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0.10
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<0.9>
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* Based on Index of Industrial Production
(2007 = 100)
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(Source : Department of Statistics)
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INDUSTRY
ANALYSIS
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INDUSTRY :
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TRANSPORTATION
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Outlook for the aviation and shipping industries have turned gloomy as global
travel and trade are likely to remain subdued in 2012.
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Business confidence and global air freight volumes, which usually fall
ahead of air travel traffic during downturns, have been declining in the year
2011. Both these indicators point to weakening demand in air travel.
Together with high jet fuel prices, which have averaged 29% higher than in
the year 2010, there is a prevalent pessimism surrounding the aviation
sub-sector.
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Aviation service providers' outlook is also gloomy, but longer term
prospects are intact. The air of pessimism that currently surrounds the
aviation industry may, in the near term, cascade down to the maintenance,
repair and overhaul service providers and ground handlers. Global air
travel traffic is projected to continue growing in the long term and the
global passenger aircraft fleet is forecasted to double by 2030.
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The land transportation sub-sector in Singapore has no viable large-scale substitute.
Ridership levels are unlikely to dip regardless of economic cycles, as long
as the infrastructure maintains its relevance and the cost of private car
ownership remain out-of-reach for a majority of the populace.
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The uncertain economic outlook ahead continues to weigh down on business
confidence, which in turn negatively impacts global travel and trade
volume.
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OVERALL INDUSTRY OUTLOOK : MATURE
|
CREDIT RISK EVALUATION & RECOMMENDATION
|
Incorporated in 2011, the SC is a Sole Proprietorship, focusing on
forwarding agent. The SC was newly established and it has yet to build up a
stable clientele base in the market. It is likely to incur start-up costs
during the initial years of its operations.
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We regard that the SC's management capability is weak. Without capable
management, the SC is unlikely to be successful and often contribute to
unacceptable levels of accountability. Weak management can affect
productivity, profitability, sales growth and ultimately can result in the
failure of a business.
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As the SC is registered as a sole-proprietorship, its financial statement
are not available for analysis. As such, we are unable to ascertain the
SC's financial health. The SC's ability to meet its obligations is very
much dependent on the owner's financial strength.
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|
The industry has reached its optimum level and is generally stable. It is
saturated and very competitive. Thus, the SC's growth prospect is very much
depends on its capacity in sustaining its performance in the market.
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Based on the above unfavourable condition, we regard granting credit to the
SC to be quite risky. Hence, credit is not recommended.
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