|
* Adopted abbreviations :
|
SC - Subject Company (the company
enquired by you)
|
|
|
|
N/A - Not Applicable
|
|
|
|
EXECUTIVE
SUMMARY
|
REGISTRATION NO.
|
:
|
200310719-Z
|
|
COMPANY NAME
|
:
|
KAIRA TECHNOLOGIES PTE. LTD.
|
|
FORMER NAME
|
:
|
N/A
|
|
INCORPORATION DATE
|
:
|
23/10/2003
|
|
|
|
|
|
|
|
|
|
COMPANY STATUS
|
:
|
EXIST
|
|
LEGAL FORM
|
:
|
SINGAPORE EXEMPT PRIVATE
|
|
LISTED STATUS
|
:
|
NO
|
|
|
|
|
|
|
|
|
|
REGISTERED ADDRESS
|
:
|
178 PAYA LEBAR ROAD #02-01, PAYA LEBAR
178, 409030, SINGAPORE.
|
|
BUSINESS ADDRESS
|
:
|
178 PAYA LEBAR ROAD,#02-01, PAYA LEBAR
178, 409030, SINGAPORE.
|
|
TEL.NO.
|
:
|
65-64944888
|
|
FAX.NO.
|
:
|
65-67461491
|
|
WEB SITE
|
:
|
www.kairaglobal.com
|
|
CONTACT PERSON
|
:
|
ATTAL VISHAL ( DIRECTOR )
|
|
|
|
|
|
|
|
|
|
PRINCIPAL ACTIVITY
|
:
|
TRADING OF COMPUTER PRODUCTS
|
|
AUTHORISED CAPITAL
|
:
|
2,342,000.00 ORDINARY SHARE, OF A VALUE
OF SGD 2,342,000.00
|
|
ISSUED AND PAID UP CAPITAL
|
:
|
2,342,000.00 ORDINARY SHARE, OF A VALUE OF SGD 2,342,000.00
|
|
|
|
|
|
SALES
|
:
|
N/A
|
|
NET WORTH
|
:
|
N/A
|
|
|
|
|
|
STAFF STRENGTH
|
:
|
35 [2012]
|
|
BANKER (S)
|
:
|
|
AUSTRALIA AND NEW ZEALAND BANKING GROUP LTD
UNITED OVERSEAS BANK LTD
|
|
|
|
LITIGATION
|
:
|
TRACED
|
|
FINANCIAL CONDITION
|
:
|
N/A
|
|
PAYMENT
|
:
|
N/A
|
|
MANAGEMENT CAPABILITY
|
:
|
AVERAGE
|
|
|
|
|
|
COMMERCIAL RISK
|
:
|
MODERATE
|
|
CURRENCY EXPOSURE
|
:
|
MODERATE
|
|
GENERAL REPUTATION
|
:
|
SATISFACTORY
|
|
INDUSTRY OUTLOOK
|
:
|
AVERAGE 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) trading of computer products.
The major
shareholder(s) of the SC are shown as follows :
Name
|
Address
|
IC/PP/Loc No
|
Shareholding
|
(%)
|
|
ATTAL VISHAL HARINARAYAN +
|
201 TANJONG RHU ROAD 08-09, PARKSHORE,
436917, SINGAPORE.
|
S7661625F
|
2,341,999.00
|
100.00
|
|
RAGINI DHANVANTRAY
|
18 MARINA BOULEVARD 44-01, MARINA BAY
RESIDENCES, 018980, SINGAPORE.
|
S2607093G
|
1.00
|
0.00
|
|
|
|
|
---------------
|
------
|
|
|
|
|
2,342,000.00
|
100.00
|
|
|
|
|
============
|
=====
|
+ Also Director
DIRECTORS
DIRECTOR 1
|
Name Of Subject
|
:
|
ATTAL VISHAL HARINARAYAN
|
|
Address
|
:
|
201 TANJONG RHU ROAD 08-09, PARKSHORE,
436917, SINGAPORE.
|
|
IC / PP No
|
:
|
S7661625F
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Nationality
|
:
|
SINGAPOREAN
|
|
Date of Appointment
|
:
|
23/10/2003
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
MANAGEMENT
|
1)
|
Name of Subject
|
:
|
ATTAL VISHAL
|
|
|
Position
|
:
|
DIRECTOR
|
|
|
|
|
|
AUDITOR
|
Auditor
|
:
|
TAN, TEO & PARTNERS PAC
|
|
Auditor' Address
|
:
|
N/A
|
|
|
|
|
|
|
|
|
COMPANY
SECRETARIES
|
1)
|
Company Secretary
|
:
|
RAGINI DHANVANTRAY
|
|
|
IC / PP No
|
:
|
S2607093G
|
|
|
|
|
|
|
|
Address
|
:
|
18 MARINA BOULEVARD 44-01, MARINA BAY RESIDENCES,
018980, SINGAPORE.
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
BANKING
Banking relations are maintained principally with :
|
1)
|
Name
|
:
|
AUSTRALIA AND NEW ZEALAND BANKING GROUP
LTD
|
|
|
|
|
|
|
2)
|
Name
|
:
|
UNITED OVERSEAS BANK LTD
|
|
|
|
|
|
|
The SC enjoys normal banking routine with
above mentioned banker(s). The SC has bank charges with above mentioned
banker(s).
|
ENCUMBRANCE
(S)
ENCUMBRANCE 1
|
Date of Creation
|
:
|
01/07/2011
|
|
Description Of Charge
|
:
|
N/A
|
|
Amount Secured
|
:
|
N/A
|
|
Description Of Property Affected
|
:
|
N/A
|
|
Name & Address Of Chargee
|
:
|
UNITED OVERSEAS BANK LTD
|
|
|
|
|
|
|
|
|
|
Form 40 Dated
|
|
Registered and Numbered C201108027 In The
Register of Charges
|
ENCUMBRANCE 2
|
Date of Creation
|
:
|
23/09/2010
|
|
Description Of Charge
|
:
|
N/A
|
|
Amount Secured
|
:
|
N/A
|
|
Description Of Property Affected
|
:
|
N/A
|
|
Name & Address Of Chargee
|
:
|
UNITED OVERSEAS BANK LTD
|
|
|
|
|
|
|
|
|
|
Form 40 Dated
|
|
Registered and Numbered C201008524 In The
Register of Charges
|
ENCUMBRANCE 3
|
Date of Creation
|
:
|
01/08/2008
|
|
Description Of Charge
|
:
|
N/A
|
|
Amount Secured
|
:
|
N/A
|
|
Description Of Property Affected
|
:
|
N/A
|
|
Name & Address Of Chargee
|
:
|
AUSTRALIA AND NEW ZEALAND BANKING GROUP
LTD
|
|
|
|
|
|
|
|
|
|
Form 40 Dated
|
|
Registered and Numbered C200807144 In The
Register of Charges
|
ENCUMBRANCE 4
|
Date of Creation
|
:
|
16/07/2004
|
|
Description Of Charge
|
:
|
N/A
|
|
Amount Secured
|
:
|
N/A
|
|
Description Of Property Affected
|
:
|
N/A
|
|
Name & Address Of Chargee
|
:
|
STANDARD CHARTERED BANK
|
|
|
|
|
|
|
|
|
|
Form 40 Dated
|
|
Registered and Numbered C200403509 In The
Register of Charges
|
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
|
:
|
5562
|
|
|
|
|
|
|
Year
|
:
|
2007
|
Place
|
:
|
SINGAPORE
|
|
|
|
|
|
|
Court
|
:
|
MAGISTRATE COURT
|
|
|
|
|
|
|
|
|
|
Date Filed
|
:
|
13/03/2007
|
|
|
|
|
|
|
|
|
|
Plaintiff
|
:
|
EASTERN TRADE MEDIA PTE LTD
|
|
|
|
|
Defendants
|
:
|
|
KAIRA TECHNOLOGIES PTE LTD (200310719)
|
|
178 PAYA LEBAR ROAD #02-01, PAYA LEBAR
178, 409030, SINGAPORE.
|
|
|
|
|
|
|
|
Amount Claimed
|
:
|
4,016.25
|
|
|
|
|
|
|
|
|
|
Nature of Claim
|
:
|
SGD
|
|
|
|
|
|
|
|
|
|
Remark
|
:
|
CONTRACTS RELATED
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
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
|
:
|
YES
|
|
Overseas
|
:
|
YES
|
|
|
|
|
CLIENTELE
|
Local
|
:
|
YES
|
|
Domestic Markets
|
:
|
SINGAPORE
|
|
Overseas
|
:
|
YES
|
|
|
|
|
Export Market
|
:
|
WORLDWIDE
|
|
Credit Term
|
:
|
CASH ON DELIVERY (COD
|
|
|
|
|
|
|
|
|
Payment Mode
|
:
|
CHEQUES,TELEGRAPHIC TRANSFER (TT)
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
OPERATIONS
|
Goods Traded
|
:
|
COMPUTER PRODUCTS
|
|
|
|
|
|
Total Number of Employees:
|
|
YEAR
|
2012
|
|
|
|
|
GROUP
|
N/A
|
|
|
|
|
|
|
|
|
|
COMPANY
|
35
|
|
|
|
|
|
|
|
|
Other Information:
The SC is principally engaged in the (as a / as an) trading of computer
products.
The SC refused to disclose any information on its operation.
CURRENT
INVESTIGATION
Latest fresh investigations carried out on the SC indicated that :
|
Telephone Number Provided By Client
|
:
|
N/A
|
|
Current Telephone Number
|
:
|
65-64944888
|
|
Match
|
:
|
N/A
|
|
|
|
|
|
Address Provided by Client
|
:
|
178 PAYA LEBAR ROAD, #02-01, SINGAPORE
409030.
|
|
Current Address
|
:
|
178 PAYA LEBAR ROAD,#02-01, PAYA LEBAR
178, 409030, SINGAPORE.
|
|
Match
|
:
|
NO
|
|
|
|
|
Other Investigations
we contacted one of the staff from the SC and she provided some information
on the SC.
The SC refused to disclose its number of employees.
The address provided is incomplete.
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 :
|
2006
|
2007
|
2008
|
2009
|
2010
|
|
|
|
|
|
|
|
|
Population (Million)
|
4.40
|
4.58
|
4.84
|
4.98
|
5.08
|
|
Gross Domestic Products ( % )
|
8.7
|
8.8
|
1.5
|
<0.8>
|
14.5
|
|
Consumer Price Index
|
1.0
|
2.1
|
6.6
|
0.6
|
2.8
|
|
Total Imports (Million)
|
378,924.1
|
395,979.7
|
450,892.6
|
356,299.3
|
423,221.8
|
|
Total Exports (Million)
|
431,559.2
|
450,627.7
|
476,762.2
|
391,118.1
|
478,840.7
|
|
|
|
|
|
|
|
|
Unemployment Rate (%)
|
2.7
|
2.3
|
2.2
|
3.2
|
2.2
|
|
Tourist Arrival (Million)
|
9.75
|
10.28
|
10.12
|
9.68
|
11.64
|
|
Hotel Occupancy Rate (%)
|
85.2
|
87.0
|
81.0
|
75.8
|
85.6
|
|
Cellular Phone Subscriber (Million)
|
1.05
|
1.22
|
1.31
|
1.37
|
1.43
|
|
|
|
|
|
|
|
|
Registration of New Companies (No.)
|
21,495
|
25,903
|
25,327
|
26,414
|
29,798
|
|
Registration of New Companies (%)
|
10.2
|
20.5
|
<2.2>
|
4.3
|
12.8
|
|
Liquidation of Companies (No.)
|
8,980
|
9,226
|
10,493
|
22,393
|
15,126
|
|
Liquidation of Companies (%)
|
28.1
|
2.7
|
13.7
|
113.4
|
<32.5>
|
|
|
|
|
|
|
|
|
Registration of New Businesses (No.)
|
24,219
|
24,762
|
24,850
|
26,876
|
23,978
|
|
Registration of New Businesses (%)
|
3.17
|
2.24
|
0.36
|
8.15
|
<10.78>
|
|
Liquidation of Businesses (No.)
|
26,843
|
21,322
|
21,150
|
23,552
|
24,211
|
|
Liquidation of Businesses (%)
|
<52.3>
|
<20.6>
|
<0.8>
|
11.4
|
2.8
|
|
|
|
|
|
|
|
|
Bankruptcy Orders (No.)
|
2,983
|
2,767
|
2,326
|
2,058
|
1,537
|
|
Bankruptcy Orders (%)
|
15.8
|
<7.2>
|
<15.9>
|
<11.5>
|
<25.3>
|
|
Bankruptcy Discharges (No.)
|
1,634
|
1,626
|
1,500
|
3,056
|
2,252
|
|
Bankruptcy Discharges (%)
|
<2.9>
|
<0.5>
|
<7.7>
|
103.7
|
<26.3>
|
|
|
|
|
|
|
|
|
INDUSTRIES ( % of Growth ) :
|
|
|
|
|
|
|
Agriculture
|
|
|
|
|
|
|
Production of Principal Crops
|
3.91
|
5.26
|
<0.32>
|
3.25
|
<0.48>
|
|
Fish Supply & Wholesale
|
1.33
|
<3.91>
|
<6.31>
|
<1.93>
|
3.60
|
|
|
|
|
|
|
|
|
Manufacturing *
|
94.4
|
100.0
|
95.8
|
91.8
|
119.1
|
|
Food, Beverages & Tobacco
|
89.9
|
100.0
|
107.7
|
102.7
|
109.5
|
|
Textiles
|
119.9
|
100.0
|
92.6
|
75.0
|
62.8
|
|
Wearing Apparel
|
114.5
|
100.0
|
71.8
|
45.3
|
26.4
|
|
Leather Products & Footwear
|
100.3
|
100.0
|
84.7
|
52.6
|
54.1
|
|
Wood & Wood Products
|
107.1
|
100.0
|
88.8
|
68.3
|
70.0
|
|
Paper & Paper Products
|
92.5
|
100.0
|
98.8
|
93.3
|
103.7
|
|
Printing & Media
|
97.6
|
100.0
|
96.7
|
82.5
|
84.7
|
|
Crude Oil Refineries
|
100.2
|
100.0
|
101.0
|
86.1
|
85.4
|
|
Chemical & Chemical Products
|
93.8
|
100.0
|
95.1
|
90.4
|
109.9
|
|
Pharmaceutical Products
|
102.1
|
100.0
|
92.8
|
104.4
|
159.9
|
|
Rubber & Plastic Products
|
100.1
|
100.0
|
92.2
|
77.6
|
86.1
|
|
Non-metallic Mineral
|
113.1
|
100.0
|
83.1
|
79.1
|
79.7
|
|
Basic Metals
|
110.0
|
100.0
|
120.9
|
101.9
|
112.5
|
|
Fabricated Metal Products
|
97.8
|
100.0
|
95.0
|
85.2
|
97.2
|
|
Machinery & Equipment
|
83.9
|
100.0
|
97.4
|
85.8
|
117.7
|
|
Electrical Machinery
|
98.8
|
100.0
|
98.1
|
104.2
|
149.1
|
|
Electronic Components
|
96.1
|
100.0
|
93.0
|
85.1
|
115.5
|
|
Transport Equipment
|
85.3
|
100.0
|
106.7
|
100.2
|
99.3
|
|
|
|
|
|
|
|
|
Construction
|
46.60
|
45.60
|
45.90
|
<36.9>
|
14.20
|
|
Real Estate
|
12.9
|
40.8
|
<11.2>
|
1.4
|
21.3
|
|
|
|
|
|
|
|
|
Services
|
|
|
|
|
|
|
Electricity, Gas & Water
|
<5.3>
|
11.00
|
<1.3>
|
1.70
|
4.00
|
|
Transport, Storage & Communication
|
6.00
|
8.50
|
11.60
|
3.90
|
12.80
|
|
Finance & Insurance
|
6.40
|
41.50
|
<5.9>
|
<16.4>
|
<0.4>
|
|
Government Services
|
13.50
|
3.80
|
17.40
|
4.50
|
9.70
|
|
Education Services
|
1.10
|
1.80
|
0.50
|
0.10
|
<0.9>
|
|
|
|
|
|
|
|
|
* Based on Index of Industrial Production
(2007 = 100)
|
|
|
|
|
|
|
(Source : Department of Statistics)
|
|
|
|
|
|
INDUSTRY
ANALYSIS
|
INDUSTRY :
|
TRADING
|
|
|
|
|
|
|
The 1st Quarter 2012 total retail sales is expected to grow from a forecast
SGD44.45bn (US$35.28bn) in 2011 to SGD51.50bn (US$46.82bn) by 2015.
Singapore lacks the advantage of a massive consumer base, its low
unemployment rate, the rapid influx of foreign immigrants and increasing
visitor arrivals will continue to instill dynamism into the local retail
scene and further buoy consumer spending.
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The February 2011 budget provided a boost to consumer spending power, with
the SGD6.6bn (US$5.2bn) Total Benefits package earmarked for households in
2011-2012 expected to have positive implications for the Singapore
consumer.
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In terms of retail sub-sectors, the over-the-counter pharmaceutical sector
to be worth US$0.15bn in 2011 and for sales to increase by more than 35% to
US$0.20bn by 2015. Sales of consumer electronics products are expected to
increase by nearly 24%, from US$3.96bn in 2011 to US$4.90bn by the end of
the forecast period on the back of strong demand for high-end products such
as multimedia notebooks, 3G phones and smartphones.
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The food retail segment will have a market share of 21.3% in 2011, when the
sub-sector is forecast to be worth US$7.50bn. Sales are expected to grow to
US$8.11bn by 2015.
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Mass grocery retail sales are forecast to be US$3.46bn in 2011 and to grow
by more than 25% to US$4.45bn by 2015, more than three times the rate of
growth for overall food sales. This would take mass grocery retail's share
of the overall food market from 45.7% in 2011 to 52.9% by the end of the
forecast period.
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Retail sales of Asian countries in 2011 are forecast US$3.13trn. China and
India are predicted to account for nearly 91% of regional retail sales in
2011, and by 2015 their share of the regional market is expected to be more
than 92%. Growth in regional retail sales for 2011-2015 is forecast at
71.6%, an annual average 14.4%. India should experience the most rapid rate
of growth, followed by China. Singapore's market share of 1.1% in 2011 is
forecast to fall to 0.8% by 2015.
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OVERALL INDUSTRY OUTLOOK : AVERAGE GROWTH
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CREDIT RISK EVALUATION & RECOMMENDATION
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Incorporated in 2003, the SC is a Singapore exempt private company,
focusing on trading of computer products. Having been in business for almost
a decade, the SC has established a remarkable clientele base for itself
which has contributed to its business growth. Presently, the capital
standing of the SC is fair.
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Over the years, the SC has penetrated into both the local and overseas market.
The SC has positioned itself in the global market and is competing in the
industry. Its stable clientele base will enable the SC to further enhance
its business in the near term. The SC is operating on a medium scale and it
has approximately 35 employees in its business operations. Overall, we
regard that the SC's management capability is average.
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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.
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The SC's supplier are from both the local and overseas countries. This will
eliminates the risk of dependency on deliveries from a number of key
suppliers and insufficient quantities of its raw materials. Overall the SC
has a good control over its resources.
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The industry shows an upward trend and this trend is very likely to sustain
in the near terms. Hence, the SC is expected to benefit from the favourable
outlook of the industry.However, the SC has to implement aggressive
marketing strategies in order to capture its own market shares in the
market and to compete with other well established players in the same
field.
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In view of the above, we only recommend credit be proceeded to the SC with
guarantee.
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