|
* Adopted abbreviations :
|
SC - Subject Company (the company enquired
by you)
|
|
|
|
N/A - Not Applicable
|
|
|
|
EXECUTIVE SUMMARY
|
REGISTRATION NO.
|
:
|
200000356-K
|
|
COMPANY NAME
|
:
|
ABCOM PTE LTD
|
|
FORMER NAME
|
:
|
ABCOM TRADING PTE LTD (23/12/2011)
|
|
INCORPORATION DATE
|
:
|
14/01/2000
|
|
|
|
|
|
|
|
|
|
COMPANY STATUS
|
:
|
EXIST
|
|
LEGAL FORM
|
:
|
SINGAPORE EXEMPT PRIVATE
|
|
LISTED STATUS
|
:
|
NO
|
|
|
|
|
|
|
|
|
|
REGISTERED ADDRESS
|
:
|
29, JALAN BUROH, 619485, SINGAPORE.
|
|
BUSINESS ADDRESS
|
:
|
29 JALAN BUROH, 619485, SINGAPORE.
|
|
TEL.NO.
|
:
|
65-62253946
|
|
FAX.NO.
|
:
|
65-62254640
|
|
EMAIL
|
:
|
metals@abcomsp.com
|
|
WEB SITE
|
:
|
www.abcomsp.com
|
|
CONTACT PERSON
|
:
|
BHARAT MANDLOI ( DIRECTOR )
|
|
|
|
|
|
|
|
|
|
PRINCIPAL ACTIVITY
|
:
|
TRADING OF METALS AND AGRICULTURE PRODUCTS
|
|
AUTHORISED CAPITAL
|
:
|
1,666,739.00 ORDINARY SHARE, OF A VALUE
OF SGD 1,666,739.00
|
|
ISSUED AND PAID UP CAPITAL
|
:
|
1,666,739.00 ORDINARY SHARE, OF A VALUE
OF SGD 1,666,739.00
|
|
|
|
|
|
SALES
|
:
|
N/A
|
|
NET WORTH
|
:
|
N/A
|
|
|
|
|
|
STAFF STRENGTH
|
:
|
20 [2013]
|
|
BANKER (S)
|
:
|
|
BANK OF INDIA
UNITED OVERSEAS BANK LIMITED
THE HONGKONG & SHANGHAI BANKING CORPORATION LIMITED
DBS BANK LTD
CITIBANK N.A.
|
|
|
|
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 metals and agriculture products.
The major
shareholder(s) of the SC are shown as follows :
Name
|
Address
|
IC/PP/Loc No
|
Shareholding
|
(%)
|
|
BHARAT MANDLOI +
|
15 LEONIE HILL ROAD, 12-04, HORIZON TOWERS
EAST, 239194, SINGAPORE.
|
S2708230J
|
1,000,043.00
|
60.00
|
|
ALKA MANDLOI +
|
15 LEONIE HILL ROAD, 12-04, HORIZON
TOWERS EAST, 239194, SINGAPORE.
|
S2708231I
|
666,696.00
|
40.00
|
|
|
|
|
---------------
|
------
|
|
|
|
|
1,666,739.00
|
100.00
|
|
|
|
|
============
|
=====
|
+ Also Director
DIRECTORS
DIRECTOR 1
|
Name Of Subject
|
:
|
ALKA MANDLOI
|
|
Address
|
:
|
15 LEONIE HILL ROAD, 12-04, HORIZON
TOWERS EAST, 239194, SINGAPORE.
|
|
IC / PP No
|
:
|
S2708231I
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Nationality
|
:
|
SINGAPOREAN
|
|
Date of Appointment
|
:
|
14/01/2000
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
DIRECTOR 2
|
Name Of Subject
|
:
|
BHARAT MANDLOI
|
|
Address
|
:
|
15 LEONIE HILL ROAD, 12-04, HORIZON
TOWERS EAST, 239194, SINGAPORE.
|
|
IC / PP No
|
:
|
S2708230J
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Nationality
|
:
|
SINGAPOREAN
|
|
Date of Appointment
|
:
|
14/01/2000
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
MANAGEMENT
|
1)
|
Name of Subject
|
:
|
BHARAT MANDLOI
|
|
|
Position
|
:
|
DIRECTOR
|
|
|
|
|
|
AUDITOR
|
Auditor
|
:
|
J K MEDORA & CO
|
|
Auditor' Address
|
:
|
N/A
|
|
|
|
|
|
|
|
|
COMPANY SECRETARIES
|
1)
|
Company Secretary
|
:
|
JEANNE SEET BENG CHOO
|
|
|
IC / PP No
|
:
|
S1234059A
|
|
|
|
|
|
|
|
Address
|
:
|
22 MALACCA STREET, 03-02 ROYAL BROTHERS
CAPITAL BUILDING, 048980, SINGAPORE.
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
BANKING
Banking relations are maintained principally with :
|
2)
|
Name
|
:
|
UNITED OVERSEAS BANK LIMITED
|
|
|
|
|
|
|
3)
|
Name
|
:
|
THE HONGKONG & SHANGHAI BANKING
CORPORATION LIMITED
|
|
|
|
|
|
|
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
|
:
|
11/09/2007
|
|
Description Of Charge
|
:
|
N/A
|
|
Amount Secured
|
:
|
ALL MONIES OWING
|
|
Description Of Property Affected
|
:
|
N/A
|
|
Name & Address Of Chargee
|
:
|
THE HONGKONG & SHANGHAI BANKING
CORPORATION LIMITED
|
|
|
|
|
|
|
|
|
|
Form 40 Dated
|
|
Registered and Numbered C200707512 In The
Register of Charges
|
ENCUMBRANCE 2
|
Date of Creation
|
:
|
31/12/2003
|
|
Description Of Charge
|
:
|
N/A
|
|
Amount Secured
|
:
|
ALL MONIES OWING
|
|
Description Of Property Affected
|
:
|
N/A
|
|
Name & Address Of Chargee
|
:
|
UNITED OVERSEAS BANK LIMITED
|
|
|
|
|
|
|
|
|
|
Form 40 Dated
|
|
Registered and Numbered C200306265 In The
Register of Charges
|
ENCUMBRANCE 3
|
Date of Creation
|
:
|
25/05/2004
|
|
Description Of Charge
|
:
|
N/A
|
|
Amount Secured
|
:
|
USD110,000.00
|
|
Description Of Property Affected
|
:
|
N/A
|
|
Name & Address Of Chargee
|
:
|
THE HONGKONG & SHANGHAI BANKING
CORPORATION LIMITED
|
|
|
|
|
|
|
|
|
|
Form 40 Dated
|
|
Registered and Numbered C200402507 In The
Register of Charges
|
ENCUMBRANCE 4
|
Date of Creation
|
:
|
06/09/2003
|
|
Description Of Charge
|
:
|
N/A
|
|
Amount Secured
|
:
|
ALL MONIES OWING
|
|
Description Of Property Affected
|
:
|
N/A
|
|
Name & Address Of Chargee
|
:
|
BANK OF INDIA
|
|
|
|
|
|
|
|
|
|
Form 40 Dated
|
|
Registered and Numbered C200304274 In The
Register of Charges
|
ENCUMBRANCE 5
|
Date of Creation
|
:
|
06/09/2003
|
|
Description Of Charge
|
:
|
N/A
|
|
Amount Secured
|
:
|
N/A
|
|
Description Of Property Affected
|
:
|
N/A
|
|
Name & Address Of Chargee
|
:
|
BANK OF INDIA
|
|
|
|
|
|
|
|
|
|
Form 40 Dated
|
|
Registered and Numbered C2000304275 In
The Register of Charges
|
ENCUMBRANCE 6
|
Date of Creation
|
:
|
03/09/2009
|
|
Description Of Charge
|
:
|
N/A
|
|
Amount Secured
|
:
|
N/A
|
|
Description Of Property Affected
|
:
|
N/A
|
|
Name & Address Of Chargee
|
:
|
BANK OF INDIA
|
|
|
|
|
|
|
|
|
|
Form 40 Dated
|
|
Registered and Numbered C200905585 In The
Register of Charges
|
ENCUMBRANCE 7
|
Date of Creation
|
:
|
22/01/2010
|
|
Description Of Charge
|
:
|
N/A
|
|
Amount Secured
|
:
|
N/A
|
|
Description Of Property Affected
|
:
|
N/A
|
|
Name & Address Of Chargee
|
:
|
DBS BANK LTD
|
|
|
|
|
|
|
|
|
|
Form 40 Dated
|
|
Registered and Numbered C201000783 In The
Register of Charges
|
ENCUMBRANCE 8
|
Date of Creation
|
:
|
19/11/2010
|
|
Description Of Charge
|
:
|
N/A
|
|
Amount Secured
|
:
|
N/A
|
|
Description Of Property Affected
|
:
|
N/A
|
|
Name & Address Of Chargee
|
:
|
CITIBANK N.A.
|
|
|
|
|
|
|
|
|
|
Form 40 Dated
|
|
Registered and Numbered C201011040 In The
Register of Charges
|
ENCUMBRANCE 9
|
Date of Creation
|
:
|
14/02/2011
|
|
Description Of Charge
|
:
|
N/A
|
|
Amount Secured
|
:
|
N/A
|
|
Description Of Property Affected
|
:
|
N/A
|
|
Name & Address Of Chargee
|
:
|
OVERSEA-CHINESE BANKING CORPORATION
LIMITED
|
|
|
|
|
|
|
|
|
|
Form 40 Dated
|
|
Registered and Numbered C201101833 In The
Register of Charges
|
ENCUMBRANCE 10
|
Date of Creation
|
:
|
24/08/2011
|
|
Description Of Charge
|
:
|
N/A
|
|
Amount Secured
|
:
|
N/A
|
|
Description Of Property Affected
|
:
|
N/A
|
|
Name & Address Of Chargee
|
:
|
THE HONGKONG & SHANGHAI BANKING
CORPORATION LIMITED
|
|
|
|
|
|
|
|
|
|
Form 40 Dated
|
|
Registered and Numbered C201110575 In The
Register of Charges
|
ENCUMBRANCE 11
|
Date of Creation
|
:
|
19/01/2012
|
|
Description Of Charge
|
:
|
N/A
|
|
Amount Secured
|
:
|
N/A
|
|
Description Of Property Affected
|
:
|
N/A
|
|
Name & Address Of Chargee
|
:
|
CITIBANK N.A.
|
|
|
|
|
|
|
|
|
|
Form 40 Dated
|
|
Registered and Numbered C201200900 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
|
:
|
3551
|
|
|
|
|
|
|
Year
|
:
|
2010
|
Place
|
:
|
SINGAPORE
|
|
|
|
|
|
|
Court
|
:
|
DISTRICT COURT
|
|
|
|
|
|
|
|
|
|
Date Filed
|
:
|
22/10/2010
|
|
|
|
|
|
|
|
|
|
Plaintiff
|
:
|
SHREE LAXMI TRADING CORPORATION EXPORT
(INDIA)
|
|
|
|
|
Defendants
|
:
|
|
ABCOM PTE LTD (200000356)
|
|
29 JALAN BUROH, 619485, SINGAPORE.
|
|
|
|
|
|
|
|
Amount Claimed
|
:
|
150,000.00
|
|
|
|
|
|
|
|
|
|
Nature of Claim
|
:
|
USD
|
|
|
|
|
|
|
|
|
|
Remark
|
:
|
MISCELLANEOUS
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
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
|
:
|
INDIA, ASIA
|
|
Credit Term
|
:
|
14 DAYS
|
|
|
|
|
|
|
|
|
Payment Mode
|
:
|
CHEQUES,TELEGRAPHIC TRANSFER (TT)
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
OPERATIONS
|
Goods Traded
|
:
|
METALS AND AGRICULTURE PRODUCTS
|
|
|
|
|
|
Award
|
:
|
1 ) GOLD MEMBERSHIP OF BUREAU OF
INTERNATIONAL RECYCLING Year :0
|
|
|
|
|
|
Total Number of Employees:
|
|
YEAR
|
2013
|
2012
|
|
|
|
|
GROUP
|
N/A
|
N/A
|
|
|
|
|
|
|
|
|
COMPANY
|
20
|
20
|
|
|
|
|
|
|
|
Other Information:
The SC is principally engaged in the (as a / as an) trading of metals and agriculture
products.
Products dealings:
Metal products
* Stainless steel scrap
- stainless steel scrap 304
- stainless steel scrap 316
* Chrome steel scrap
- 430 production scrap
- chrome steel scrap 409
- chrome steel scrap 410
* High nickel alloys
- high temperature and super alloys, containing: titanium, cobalt & molly
* Tool steel scrap
- die scrap (h11-h13)
- cold working tool steel scrap
- hot working tool steel scrap
* Aluminum scrap
- lithographic sheets
- taint / tabor
- baled aluminum used beverage can (ubc) scrap
- alloy wheels
- aluminum extrusion 6063
- tense
* Ferrous metals
- bushlings
- shredded melting scrap
- HMS
- railway scrap
- railway axles
- railway wheels
- railway (rails & fish plates)
Agriculture Products
* Feed Proteins
- Rapeseed Meal
- Soya Bean Meal
- Corn Gluten Meal
- Dry Distilled Grains with Solubles - DDGS
- Ground Nut Meal
- Sunflower Seed Meal
- Sesame Seed Meal
* Oilseed Extractions
- Sunflower Seed
- Soya Beans
- Rapeseed
* Food Grains
- Wheat
- Corn
- Sorghum
* Bio Fertilizer
- Castor Seed Meal
Overseas office:
* India
The SC is a member of the following entity:
* Singapore Business Federation
CURRENT INVESTIGATION
Latest fresh investigations carried out on the SC indicated that :
|
Telephone Number Provided By Client
|
:
|
6562253946
|
|
Current Telephone Number
|
:
|
65-62253946
|
|
Match
|
:
|
YES
|
|
|
|
|
|
Address Provided by Client
|
:
|
NO 29 JALAN BUROH SINGAPORE 619485
|
|
Current Address
|
:
|
29 JALAN BUROH, 619485, SINGAPORE.
|
|
Match
|
:
|
YES
|
|
|
|
|
Other Investigations
We contacted one of the staff from HR Department of SC and she provided some
information on the SC.
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.
|
|
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.
|
|
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.
|
|
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.
|
|
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.
|
|
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.
|
|
|
|
|
OVERALL INDUSTRY OUTLOOK : AVERAGE GROWTH
|
CREDIT RISK EVALUATION &
RECOMMENDATION
|
Incorporated in 2000, the SC is a Singapore Exempt Private company,
focusing on trading of metals and agriculture products. 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. Presently, the issued and paid up
capital of the SC stands at SGD 1,666,739.
|
|
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. Being a small company, the SC's
business operation is supported by 20 employees. Overall, we regard that
the SC's management capability is average. This indicates that the SC has
greater potential to improve its business performance and raising income
for the SC. To improve its quality products and services, we noted that the
SC has received a number of certifications & awards. This will improve
the customer's confidence level to the SC.
|
|
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 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.
|
|
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.
|
|
In view of the above, we only recommend credit be proceeded to the SC with
guarantee.
|
|