MIRA INFORM REPORT

 

 

Report Date :

08.12.2014

 

IDENTIFICATION DETAILS

 

Name :

C M M MARKETING MANAGEMENT PTE LTD

 

 

Registered Office :

6, Mandai Link, 728652

 

 

Country :

Singapore

 

 

Financials (as on) :

31.12.2013

 

 

Date of Incorporation :

20.07.2000

 

 

Com. Reg. No.:

200006394-W

 

 

Legal Form :

Private Limited

 

 

Line of Business :

Trading of Food Products

 

 

No of Employees :

350 [2014]

 

 

RATING & COMMENTS

 

MIRA’s Rating :

A

 

RATING

STATUS

PROPOSED CREDIT LINE

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

 

Status :

Good

 

 

Payment Behaviour :

Regular

 

 

Litigation :

Exist

 

NOTES :

Any query related to this report can be made on e-mail : infodept@mirainform.com while quoting report number, name and date.

 

 

ECGC Country Risk Classification List – September 30, 2014

 

Country Name

Previous Rating

(30.06.2014)

Current Rating

(30.09.2014)

Singapore

A1

A1

 

Risk Category

ECGC Classification

Insignificant

 

A1

Low Risk

 

A2

Moderate Low Risk

 

B1

Moderate Risk

 

B2

Moderate High Risk

 

C1

High Risk

C2

Very High Risk

 

D

 

 

SINGAPORE ECONOMIC OVERVIEW

 

Singapore has a highly developed and successful free-market economy. It enjoys a remarkably open and corruption-free environment, stable prices, and a per capita GDP higher than that of most developed countries. The economy depends heavily on exports, particularly in consumer electronics, information technology products, pharmaceuticals, and on a growing financial services sector. The economy contracted 0.6% in 2009 as a result of the global financial crisis, but rebounded 15.1% in 2010, on the strength of renewed exports, before slowing to in 2011-13, largely a result of soft demand for exports during the second European recession. Over the longer term, the government hopes to establish a new growth path that focuses on raising productivity. Singapore has attracted major investments in pharmaceuticals and medical technology production and will continue efforts to establish Singapore as Southeast Asia's financial and high-tech hub.

 

Source : CIA

 

 

EXECUTIVE SUMMARY

 

 

REGISTRATION NO.

:

200006394-W

COMPANY NAME

:

C M M MARKETING MANAGEMENT PTE LTD

FORMER NAME

:

N/A

INCORPORATION DATE

:

20/07/2000

 

 

 

 

 

 

COMPANY STATUS

:

EXIST

LEGAL FORM

:

PRIVATE LIMITED

LISTED STATUS

:

NO

 

 

 

 

 

 

REGISTERED ADDRESS

:

6, MANDAI LINK, 728652, SINGAPORE.

BUSINESS ADDRESS

:

6 MANDAI LINK, 728652, SINGAPORE.

TEL.NO.

:

65-68951888

FAX.NO.

:

65-62698265

CONTACT PERSON

:

LIM HOCK ENG ( MANAGING DIRECTOR )

 

 

 

 

 

 

PRINCIPAL ACTIVITY

:

TRADING OF FOOD PRODUCTS

 

 

 

ISSUED AND PAID UP CAPITAL

:

15,000,000.00 ORDINARY SHARE, OF A VALUE OF SGD 5,000,000.00

 

 

 

SALES

:

SGD 392,385,413 [2013]

NET WORTH

:

SGD 27,781,213 [2013]

 

 

 

STAFF STRENGTH

:

350 [2014]

BANKER (S)

:

CITIBANK SINGAPORE LIMITED
STANDARD CHARTERED BANK

LITIGATION

:

TRACED

FINANCIAL CONDITION

:

FAIR

PAYMENT

:

AVERAGE

MANAGEMENT CAPABILITY

:

GOOD

 

 

 

COMMERCIAL RISK

:

MODERATE

CURRENCY EXPOSURE

:

MODERATE

GENERAL REPUTATION

:

SATISFACTORY

INDUSTRY OUTLOOK

:

AVERAGE GROWTH

 

HISTORY / BACKGROUND

The Subject is a private limited company and is allowed to have a minimum of one and a maximum of forty-nine shareholders. As a private limited company, the Subject must have at least two directors. A private limited company is a separate legal entity from its shareholders. As a separate legal entity, the Subject is capable of owning assets, entering into contracts, sue or be sued by other companies. The liabilities of the shareholders are to the extent of the equity they have taken up and the creditors cannot claim on shareholders' personal assets even if the Subject is insolvent. The Subject is governed by the Companies Act and the company must file its annual returns, together with its financial statements with the Registrar of Companies.

The Subject is principally engaged in the (as a / as an) trading of food products.

The immediate holding company of the Subject is SHENG SIONG GROUP LTD., a company incorporated in SINGAPORE.

Share Capital History

 

Date

Issue & Paid Up Capital

04/12/2014

SGD 5,000,000.00

 

The major shareholder(s) of the Subject are shown as follows :

 

Name

Address

IC/PP/Loc No

Shareholding

(%)

SHENG SIONG GROUP LTD.

6, MANDAI LINK, 728652, SINGAPORE.

201023989Z

15,000,000.00

100.00

 

 

 

---------------

------

 

 

 

15,000,000.00

100.00

 

 

 

============

=====

+ Also Director




DIRECTORS

 

DIRECTOR 1

 

Name Of Subject

:

LIM HOCK LENG

Address

:

207, PONGGOL SEVENTEENTH AVENUE, 829745, SINGAPORE.

IC / PP No

:

S1731508J

 

 

 

 

 

 

 

 

 

Nationality

:

SINGAPOREAN

Date of Appointment

:

20/07/2000

 

 

 

 

 

 

 

 

 

 

 

 

 

DIRECTOR 2

 

Name Of Subject

:

WONG SOONG KIT

Address

:

79, MOONBEAM TERRACE, 277328, SINGAPORE.

IC / PP No

:

S0009731D

 

 

 

 

 

 

 

 

 

Nationality

:

SINGAPOREAN

Date of Appointment

:

01/01/2014

 

 

 

 

 

 

 

 

 

 

 

 

 

DIRECTOR 3

 

Name Of Subject

:

LEE MOI HONG

Address

:

73, JALAN ARIF, HENLEY GARDENS, 545115, SINGAPORE.

IC / PP No

:

S1446443C

 

 

 

 

 

 

 

 

 

Nationality

:

SINGAPOREAN

Date of Appointment

:

15/10/2008

 

 

 

 

 

 

 

 

 

 

 

 

 

DIRECTOR 4

 

Name Of Subject

:

TAN PECK HIANG

Address

:

207, PONGGOL SEVENTEETH AVENUE, 829745, SINGAPORE.

IC / PP No

:

S6846788H

 

 

 

 

 

 

 

 

 

Nationality

:

SINGAPOREAN

Date of Appointment

:

15/10/2008

 

 

 

 

 

 

 

 

 

 

 

 

 

DIRECTOR 5

 

Name Of Subject

:

TAN BEE LOO

Address

:

56, PASIR RIS AVENUE, PASIR RIS BEACH PARK, 519721, SINGAPORE.

IC / PP No

:

S1416092B

 

 

 

 

 

 

 

 

 

Nationality

:

SINGAPOREAN

Date of Appointment

:

15/10/2008

 

 

 

 

 

 

 

 

 

 

 

 

 

DIRECTOR 6

 

Name Of Subject

:

TAN LING SAN

Address

:

295, BEDOK SOUTH AVENUE, 3, 01-09, BEDOK COURT, 469296, SINGAPORE.

IC / PP No

:

0525080C

 

 

 

 

 

 

 

 

 

Nationality

:

SINGAPOREAN

Date of Appointment

:

15/10/2008

 

 

 

 

 

 

 

 

 

 

 

 

 

DIRECTOR 7

 

Name Of Subject

:

HO CHEE HAW

Address

:

36, MARSILING DRIVE, 12-407, 730036, SINGAPORE.

IC / PP No

:

S8178209A

 

 

 

 

 

 

 

 

 

Nationality

:

SINGAPOREAN

Date of Appointment

:

01/01/2014

 

 

 

 

 

 

 

 

 

 

 

 

 

DIRECTOR 8

 

Name Of Subject

:

LIM HOCK CHEE

Address

:

73, JALAN ARIF, HENLEY GARDENS, 545115, SINGAPORE.

IC / PP No

:

S1475509H

 

 

 

 

 

 

 

 

 

Nationality

:

SINGAPOREAN

Date of Appointment

:

20/07/2000

 

 

 

 

 

 

 

 

 

 

 

 

 

DIRECTOR 9

 

Name Of Subject

:

LIM HOCK ENG

Address

:

56, PASIR RIS AVENUE, PASIR RIS BEACH PARK, 519721, SINGAPORE.

IC / PP No

:

S1416027B

 

 

 

 

 

 

 

 

 

Nationality

:

SINGAPOREAN

Date of Appointment

:

20/07/2000

 

 

 

 

 

 

 

 

 

 

 

 

 

DIRECTOR 10

 

Name Of Subject

:

LEE LAY CHIN

Address

:

636, BEDOK RESERVOIR ROAD, 06-29, 410636, SINGAPORE.

IC / PP No

:

S0152570J

 

 

 

 

 

 

 

 

 

Nationality

:

SINGAPOREAN

Date of Appointment

:

01/01/2014

 

 

 

 

 

 

 

 

 

 

 

 

 

DIRECTOR 11

 

Name Of Subject

:

LAW AH YI

Address

:

122, JURONG EAST STREET, 13, 22-35, IVORY HEIGHTS, 600122, SINGAPORE.

IC / PP No

:

S1059726I

 

 

 

 

 

 

 

 

 

Nationality

:

SINGAPOREAN

Date of Appointment

:

01/01/2014

 

 

 

 

 

 

 

 

 

 

 

 



MANAGEMENT

 

 

1)

Name of Subject

:

LIM HOCK CHEE

 

Position

:

MANAGING DIRECTOR

 

 

 

 

 

2)

Name of Subject

:

LIM HOCK ENG

 

Position

:

MANAGING DIRECTOR

 

 

 

 

 

 

 

AUDITOR

 

Auditor

:

KPMG LLP

Auditor' Address

:

N/A

 

 

 

 

 

 

 

 

 

COMPANY SECRETARIES

 

1)

Company Secretary

:

VICTORIA LOO SHAN SHAN @ LOO MING WEI

 

IC / PP No

:

S8614578B

 

 

 

 

 

Address

:

19, DUNSFOLD DRIVE, BRADDELL HEIGHTS ESTATE, 359381, SINGAPORE.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

BANKING


Banking relations are maintained principally with :

1)

Name

:

CITIBANK SINGAPORE LIMITED

 

 

 

 

 

 

 

 

 

2)

Name

:

STANDARD CHARTERED BANK

 

 

 

 

 

 

 

 

 

 

 

ENCUMBRANCE (S)

 

Charge No

Creation Date

Charge Description

Chargee Name

Total Charge

Status

200100198

10/01/2001

N/A

STANDARD CHARTERED BANK

-

Unsatisfied

C200808912

24/09/2008

N/A

CITIBANK SINGAPORE LIMITED

-

Unsatisfied

 

 

LITIGATION CHECK AGAINST SUBJECT


* A check has been conducted in our databank against the Subject whether the subject has been involved in any litigation.

 

 

LEGAL ACTION

 

 

 

Code No

:

99

Case No

:

31964

 

 

 

 

 

Year

:

2008

Place

:

SINGAPORE

 

 

 

 

 

Court

:

MAGISTRATE COURT

 

 

 

 

 

 

 

 

Date Filed

:

05/12/2008

 

 

 

 

 

 

 

 

Solicitor

:

ANJALLI D/O MUNIANDY

 

 

 

 

 

 

 

 

Solicitor Ref

:

AM-INS-K13- 58729-08-JT

 

 

 

 

 

 

 

 

Solicitor Firm

:

VISION LAW LLC

 

 

 

 

 

Plaintiff

:

KOH WEE SENG

 

 

 

Defendants

:

C M M MARKETING MANAGEMENT PTE LTD (200006394)

 

 

 

 

 

Amount Claimed

:

2909.01

 

 

 

 

 

 

 

 

Nature of Claim

:

SGD

 

 

 

 

 

 

 

 

Remark

:

TORT-NEGLIGENCE

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Source Ref.

:

GOVERNMENT GAZETTE

 

 

 

Source Address

:

LEVEL 14, BLOCK 8, GOVERNMENT OFFICES COMPLEX, JALAN DUTA, 50622 KUALA LUMPUR MALAYSIA

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Consent was given by the Subject for the disclosure of the above case in complying to the Credit Reporting Agencies Act 2010 Section 24(1)(a).

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Date

:

01/01/1970

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Code No

:

99

Case No

:

24099

 

 

 

 

 

Year

:

2008

Place

:

SINGAPORE

 

 

 

 

 

Court

:

MAGISTRATE COURT

 

 

 

 

 

 

 

 

Date Filed

:

18/09/2008

 

 

 

 

 

 

 

 

Solicitor

:

TIWARY ANURADHA

 

 

 

 

 

 

 

 

Solicitor Ref

:

TA-INS-L6-52484 -08-YA

 

 

 

 

 

 

 

 

Solicitor Firm

:

VISION LAW LLC

 

 

 

 

 

Plaintiff

:

V SUPPIAH PILLAI

 

 

 

Defendants

:

C M M MARKETING MANAGEMENT PTE LTD (200006394)

 

 

 

 

 

Amount Claimed

:

3560

 

 

 

 

 

 

 

 

Nature of Claim

:

SGD

 

 

 

 

 

 

 

 

Remark

:

TORT-NEGLIGENCE

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Source Ref.

:

GOVERNMENT GAZETTE

 

 

 

Source Address

:

LEVEL 14, BLOCK 8, GOVERNMENT OFFICES COMPLEX, JALAN DUTA, 50622 KUALA LUMPUR MALAYSIA

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Consent was given by the Subject for the disclosure of the above case in complying to the Credit Reporting Agencies Act 2010 Section 24(1)(a).

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Date

:

01/01/1970

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Code No

:

99

Case No

:

15528

 

 

 

 

 

Year

:

2008

Place

:

SINGAPORE

 

 

 

 

 

Court

:

MAGISTRATE COURT

 

 

 

 

 

 

 

 

Date Filed

:

25/06/2008

 

 

 

 

 

 

 

 

Solicitor

:

POON CHOON KOW DANIEL

 

 

 

 

 

 

 

 

Solicitor Ref

:

DP.3834.08.ST

 

 

 

 

 

 

 

 

Solicitor Firm

:

DANIEL POON & CO

 

 

 

 

 

Plaintiff

:

WONG KUM SENG
CITY CAB PTE LTD

 

 

 

Defendants

:

C M M MARKETING MANAGEMENT PTE LTD (200006394)

 

 

 

 

 

Amount Claimed

:

1915.60

 

 

 

 

 

 

 

 

Nature of Claim

:

SGD

 

 

 

 

 

 

 

 

Remark

:

TORT-NEGLIGENCE

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Source Ref.

:

GOVERNMENT GAZETTE

 

 

 

Source Address

:

LEVEL 14, BLOCK 8, GOVERNMENT OFFICES COMPLEX, JALAN DUTA, 50622 KUALA LUMPUR MALAYSIA

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Consent was given by the Subject for the disclosure of the above case in complying to the Credit Reporting Agencies Act 2010 Section 24(1)(a).

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Date

:

01/01/1970

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Code No

:

99

Case No

:

3870

 

 

 

 

 

Year

:

2011

Place

:

SINGAPORE

 

 

 

 

 

Court

:

MAGISTRATE COURT

 

 

 

 

 

 

 

 

Date Filed

:

15/02/2011

 

 

 

 

 

 

 

 

Solicitor Ref

:

RAW.ACC.CCY.31424.10.CT

 

 

 

 

 

 

 

 

Solicitor Firm

:

CHINGCO LAW CORPORATION

 

 

 

 

 

Plaintiff

:

DONG GANG

 

 

 

Defendants

:

C M M MARKETING MANAGEMENT PTE LTD (200006394)

 

 

 

 

 

Amount Claimed

:

3768.72

 

 

 

 

 

 

 

 

Nature of Claim

:

SGD

 

 

 

 

 

 

 

 

Remark

:

TORT-NEGLIGENCE

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Source Ref.

:

GOVERNMENT GAZETTE

 

 

 

Source Address

:

LEVEL 14, BLOCK 8, GOVERNMENT OFFICES COMPLEX, JALAN DUTA, 50622 KUALA LUMPUR MALAYSIA

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Consent was given by the Subject for the disclosure of the above case in complying to the Credit Reporting Agencies Act 2010 Section 24(1)(a).

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Date

:

01/01/1970

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Code No

:

99

Case No

:

3284

 

 

 

 

 

Year

:

2011

Place

:

SINGAPORE

 

 

 

 

 

Court

:

MAGISTRATE COURT

 

 

 

 

 

 

 

 

Date Filed

:

08/02/2011

 

 

 

 

 

 

 

 

Solicitor Ref

:

KK.NAP.12370.2010 .JX

 

 

 

 

 

 

 

 

Solicitor Firm

:

K. KRISHNA & PARTNERS

 

 

 

 

 

Plaintiff

:

GUANGDONG IMPORT & EXPORT PTE LTD

 

 

 

Defendants

:

C M M MARKETING MANAGEMENT PTE LTD (200006394)

 

 

 

 

 

Amount Claimed

:

14296.35

 

 

 

 

 

 

 

 

Nature of Claim

:

SGD

 

 

 

 

 

 

 

 

Remark

:

TORT-NEGLIGENCE

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Source Ref.

:

GOVERNMENT GAZETTE

 

 

 

Source Address

:

LEVEL 14, BLOCK 8, GOVERNMENT OFFICES COMPLEX, JALAN DUTA, 50622 KUALA LUMPUR MALAYSIA

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Consent was given by the Subject for the disclosure of the above case in complying to the Credit Reporting Agencies Act 2010 Section 24(1)(a).

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Date

:

01/01/1970

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Code No

:

99

Case No

:

20272

 

 

 

 

 

Year

:

2013

Place

:

SINGAPORE

 

 

 

 

 

Court

:

MAGISTRATE COURT

 

 

 

 

 

 

 

 

Date Filed

:

13/09/2013

 

 

 

 

 

 

 

 

Solicitor Ref

:

SB/PO/ACC/2013- 7197/IBSB/PO/

 

 

 

 

 

 

 

 

Solicitor Firm

:

ORACLE LAW CORPORATION

 

 

 

 

 

Plaintiff

:

CENTRAL STAR (SINGAPORE) PTE. LTD.

 

 

 

Defendants

:

C M M MARKETING MANAGEMENT PTE LTD (200006394)

 

 

 

 

 

Amount Claimed

:

35621.35

 

 

 

 

 

 

 

 

Nature of Claim

:

SGD

 

 

 

 

 

 

 

 

Remark

:

TORT-NEGLIGENCE

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Source Ref.

:

GOVERNMENT GAZETTE

 

 

 

Source Address

:

LEVEL 14, BLOCK 8, GOVERNMENT OFFICES COMPLEX, JALAN DUTA, 50622 KUALA LUMPUR MALAYSIA

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Consent was given by the Subject for the disclosure of the above case in complying to the Credit Reporting Agencies Act 2010 Section 24(1)(a).

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Date

:

01/01/1970

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Code No

:

99

Case No

:

14591

 

 

 

 

 

Year

:

2013

Place

:

SINGAPORE

 

 

 

 

 

Court

:

MAGISTRATE COURT

 

 

 

 

 

 

 

 

Date Filed

:

02/07/2013

 

 

 

 

 

 

 

 

Solicitor Ref

:

13-A40-2730-VL.TS

 

 

 

 

 

 

 

 

Solicitor Firm

:

LEGAL OPTIONS LLC

 

 

 

 

 

Plaintiff

:

SIM ENG CHIAH

 

 

 

Defendants

:

C M M MARKETING MANAGEMENT PTE LTD (200006394)

 

 

 

 

 

Amount Claimed

:

2383.20

 

 

 

 

 

 

 

 

Nature of Claim

:

SGD

 

 

 

 

 

 

 

 

Remark

:

TORT-NEGLIGENCE

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Source Ref.

:

GOVERNMENT GAZETTE

 

 

 

Source Address

:

LEVEL 14, BLOCK 8, GOVERNMENT OFFICES COMPLEX, JALAN DUTA, 50622 KUALA LUMPUR MALAYSIA

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Consent was given by the Subject for the disclosure of the above case in complying to the Credit Reporting Agencies Act 2010 Section 24(1)(a).

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Date

:

01/01/1970

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Code No

:

99

Case No

:

17690

 

 

 

 

 

Year

:

2014

Place

:

SINGAPORE

 

 

 

 

 

Court

:

MAGISTRATE COURT

 

 

 

 

 

 

 

 

Date Filed

:

18/09/2014

 

 

 

 

 

 

 

 

Solicitor

:

KWOK LING LING BONNIE

 

 

 

 

 

 

 

 

Solicitor Ref

:

BK.15107.14

 

 

 

 

 

 

 

 

Solicitor Firm

:

BONNIE KWOK LLC

 

 

 

 

 

Plaintiff

:

TAN ANG LONG (CHEN ANLONG)

 

 

 

Defendants

:

C M M MARKETING MANAGEMENT PTE LTD (200006394)

 

 

 

 

 

Amount Claimed

:

360

 

 

 

 

 

 

 

 

Nature of Claim

:

SGD

 

 

 

 

 

 

 

 

Remark

:

TORT-NEGLIGENCE

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Source Ref.

:

GOVERNMENT GAZETTE

 

 

 

Source Address

:

LEVEL 14, BLOCK 8, GOVERNMENT OFFICES COMPLEX, JALAN DUTA, 50622 KUALA LUMPUR MALAYSIA

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Consent was given by the Subject for the disclosure of the above case in complying to the Credit Reporting Agencies Act 2010 Section 24(1)(a).

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Date

:

01/01/1970

 

 

 

 

No winding up petition was found in our databank

 

 

PAYMENT RECORD

 

 

 

SOURCES OF RAW MATERIALS:

Local

:

YES

Overseas

:

YES

 

 

 


The Subject refused to provide any name of trade/service supplier and we are unable to conduct any trade enquiry. However, from financial historical data we conclude that :

 

OVERALL PAYMENT HABIT

Prompt 0-30 Days

[

 

]

 

Good 31-60 Days

[

 

]

 

Average 61-90 Days

[

X

]

 

Fair 91-120 Days

[

 

]

 

Poor >120 Days

[

 

]

 

 

 

 

 

 

 

CLIENTELE

 

Local

:

YES

Percentage

:

100%

Domestic Markets

:

SINGAPORE

Overseas

:

NO

 

 

 

 

 

 

 

 

 

Credit Term

:

N/A

 

 

 

 

 

 

Payment Mode

:

CASH
CHEQUES

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

OPERATIONS

 

Goods Traded

:

FOOD PRODUCTS

 

 

 

 

 

Total Number of Employees:

YEAR

2014

2013

 

GROUP

N/A

N/A

 

 

 

 

 

 

 

COMPANY

350

350

 

 

 

 

 

 

 

 

Branch

:

NO

 

 

Other Information:


The Subject is principally engaged in the (as a / as an) trading of food products.


The Subject is involved in packing and repacking of consumer products such as frozen food, fresh pork, fresh seafood and repacking cum storage of dry food, dairy products and vegetables.


The Subject is a member of the following entity:

* Singapore Business Federation



CURRENT INVESTIGATION

 

Latest fresh investigations carried out on the Subject indicated that :

 

Telephone Number Provided By Client

:

6568951888

Current Telephone Number

:

65-68951888

Match

:

YES

 

 

 

Address Provided by Client

:

6 MANDAI LINK,728652 SINGAPORE

Current Address

:

6 MANDAI LINK, 728652, SINGAPORE.

Match

:

YES

 

 

 

 

Other Investigations


We contacted one of the staff from the Subject and she provided some information.

 

FINANCIAL ANALYSIS

 

 

Profitability

 

 

 

 

 

 

Turnover

:

Increased

[

2010 - 2013

]

 

Profit/(Loss) Before Tax

:

Decreased

[

2010 - 2013

]

 

Return on Shareholder Funds

:

Favourable

[

64.55%

]

 

Return on Net Assets

:

Favourable

[

75.86%

]

 

 

 

 

 

 

 

 

The Subject's turnover increased steadily as the demand for its products / services increased due to the goodwill built up over the years. The dip in profit could be due to the stiff market competition which reduced the Subject's profit margin. Generally the Subject was profitable. The favourable return on shareholders' funds and return on net assets indicate that the Subject's management was efficient in utilising the assets to generate returns.

 

 

 

 

 

 

 

Working Capital Control

 

 

 

 

 

 

Stock Ratio

:

Favourable

[

25 Days

]

 

Debtor Ratio

:

Favourable

[

29 Days

]

 

Creditors Ratio

:

Favourable

[

38 Days

]

 

 

 

 

 

 

 

 

The Subject's stocks were moving fast thus reducing its holding cost. This had reduced funds being tied up in stocks. The favourable debtors' days could be due to the good credit control measures implemented by the Subject. The Subject had a favourable creditors' ratio where the Subject could be taking advantage of the cash discounts and also wanting to maintain goodwill with its creditors.

 

 

 

 

 

 

 

Liquidity

 

 

 

 

 

 

Liquid Ratio

:

Unfavourable

[

0.42 Times

]

 

Current Ratio

:

Unfavourable

[

0.68 Times

]

 

 

 

 

 

 

 

 

A low liquid ratio means that the Subject may be facing working capital deficiency. If the Subject cannot obtain additional financing or injection of fresh capital, it may face difficulties in meeting its short term obligations.

 

 

 

 

 

 

 

Solvency

 

 

 

 

 

 

Interest Cover

:

Nil

[

0.00 Times

]

 

Gearing Ratio

:

Favourable

[

0.00 Times

]

 

 

 

 

 

 

 

 

The Subject's interest cover was nil as it did not pay any interest during the year. The Subject had no gearing and hence it had virtually no financial risk. The Subject was financed by its shareholders' funds and internally generated fund. During the economic downturn, the Subject, having a zero gearing, will be able to compete better than those which are highly geared in the same industry.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Overall Assessment :

 

 

 

 

 

 

Although the Subject's turnover had increased, its profits had declined over the same corresponding period. This could be due to the stiffer market competition and / or higher operating costs which lowered the Subject's profit margin. Due to its weak liquidity position, the Subject will be faced with problems in meeting all its short term obligations if no short term loan is obtained or additional capital injected into the Subject. The Subject did not make any interest payment during the year. The Subject was dependent on its shareholders' funds to finance its business needs. The Subject was a zero gearing company, it was solely dependant on its shareholders to provide funds to finance its business. The Subject has good chance of getting loans, if the needs arises.

 

 

 

 

 

 

 

Overall financial condition of the Subject : FAIR

 

 

 

 

SINGAPORE ECONOMIC / INDUSTRY OUTLOOK

 

 

Major Economic Indicators :

2009

2010

2011

2012

2013

 

 

 

 

 

 

Population (Million)

4.98

5.08

5.18

5.31

5.40

Gross Domestic Products ( % )

(0.8)

14.5

4.9

1.3

3.7

Consumer Price Index

0.6

2.8

5.2

4.6

2.4

Total Imports (Million)

356,299.3

423,221.8

459,655.1

474,554.0

466,762.0

Total Exports (Million)

391,118.1

478,840.7

514,741.2

510,329.0

513,391.0

 

 

 

 

 

 

Unemployment Rate (%)

3.2

2.2

2.1

2.0

1.9

Tourist Arrival (Million)

9.68

11.64

13.17

14.49

15.46

Hotel Occupancy Rate (%)

75.8

85.6

86.5

86.4

86.3

Cellular Phone Subscriber (Million)

1.37

1.43

1.50

1.52

1.97

 

 

 

 

 

 

Registration of New Companies (No.)

26,414

29,798

32,317

31,892

37,288

Registration of New Companies (%)

4.3

12.8

8.5

(1.3)

9.8

Liquidation of Companies (No.)

22,393

15,126

19,005

17,218

17,369

Liquidation of Companies (%)

113.4

(32.5)

25.6

9.4

(5.3)

 

 

 

 

 

 

Registration of New Businesses (No.)

26,876

23,978

23,494

24,788

22,893

Registration of New Businesses (%)

8.15

(10.78)

2.02

5.51

1.70

Liquidation of Businesses (No.)

23,552

24,211

23,005

22,489

22,598

Liquidation of Businesses (%)

11.4

2.8

(5)

(2.2)

0.5

 

 

 

 

 

 

Bankruptcy Orders (No.)

2,058

1,537

1,527

1,748

1,992

Bankruptcy Orders (%)

(11.5)

(25.3)

(0.7)

14.5

14.0

Bankruptcy Discharges (No.)

3,056

2,252

1,391

1,881

2,584

Bankruptcy Discharges (%)

103.7

(26.3)

(38.2)

35.2

37.4

 

 

 

 

 

 

INDUSTRIES ( % of Growth ) :

 

 

 

 

 

Agriculture

 

 

 

 

 

Production of Principal Crops

3.25

(0.48)

4.25

3.64

-

Fish Supply & Wholesale

(1.93)

(10.5)

12.10

(0.5)

-

 

 

 

 

 

 

Manufacturing *

71.5

92.8

100.0

100.3

102.0

Food, Beverages & Tobacco

90.4

96.4

100.0

103.5

103.5

Textiles

145.9

122.1

100.0

104.0

87.1

Wearing Apparel

211.0

123.3

100.0

92.1

77.8

Leather Products & Footwear

79.5

81.8

100.0

98.6

109.8

Wood & Wood Products

101.4

104.0

100.0

95.5

107.4

Paper & Paper Products

95.4

106.1

100.0

97.4

103.2

Printing & Media

100.9

103.5

100.0

93.0

86.1

Crude Oil Refineries

96.4

95.6

100.0

99.4

93.5

Chemical & Chemical Products

80.3

97.6

100.0

100.5

104.1

Pharmaceutical Products

49.1

75.3

100.0

109.7

107.2

Rubber & Plastic Products

101.2

112.3

100.0

96.5

92.9

Non-metallic Mineral

91.9

92.5

100.0

98.2

97.6

Basic Metals

92.6

102.2

100.0

90.6

76.5

Fabricated Metal Products

90.8

103.6

100.0

104.3

105.1

Machinery & Equipment

57.3

78.5

100.0

112.9

114.5

Electrical Machinery

86.8

124.1

100.0

99.3

108.5

Electronic Components

85.2

113.6

100.0

90.6

94.3

Transport Equipment

96.0

94.0

100.0

106.3

107.5

 

 

 

 

 

 

Construction

(36.9)

14.20

20.50

28.70

-

Real Estate

1.4

21.3

25.4

31.9

-

 

 

 

 

 

 

Services

 

 

 

 

 

Electricity, Gas & Water

1.70

4.00

7.00

6.30

-

Transport, Storage & Communication

3.90

12.80

7.40

5.30

-

Finance & Insurance

(16.4)

(0.4)

8.90

0.50

-

Government Services

4.50

9.70

6.90

6.00

-

Education Services

0.10

(0.9)

(1.4)

0.30

-

 

 

 

 

 

 

* Based on Index of Industrial Production (2011 = 100)

 

 

 

 

 

 

INDUSTRY ANALYSIS

 

INDUSTRY :

TRADING

 

 

 

The wholesale and retail trade sectors have expanded by 2.0% in the third quarter of 2014, extending the 1.8 per cent growth in the previous quarter. In 2013, the wholesale and retail sector expanded by 5.0%, after declining by 1.4% the year before. Growth of the sector was driven by the wholesale trade segment.

 

The domestic wholesale trade index has increased by 3.2% in the fourth quarter of 2013, moderating from the 6.6% growth in the previous quarter. The slower growth was due to a decline in the sales of furniture and household equipment (-12%) and petroleum and petroleum products (-0.6%). For the full year, the domestic wholesale trade index grew by 5.2% reversing the 2.2% decline in 2012. On the other hand, the foreign wholesale trade index has increased by a slower pace of 5.6% in the fourth quarter, compared to the 7.7% expansion in the preceding quarter. The slowdown was due to a fall in the sales of telecommunication equipment and computer (-3.8%) and petroleum and petroleum products (-2.5%). For the full year, the growth of the foreign wholesale trade index moderated slightly to 8.6% from 9.1% in the previous year.

 

In the fourth quarter of 2013, retail sales volume fell by 6.2%, extending the 5.6% decline in the previous quarter. Excluding motor vehicles, retail sales volume increased by 0.4%, a slower pace of expansion as compared to the 1.6% gain in the preceding quarter. The sales volume of motor vehicles fell by 33% in the fourth quarter of 2013, extending the 32% decline in the previous quarter. Meanwhile, the sales of several discretionary items also fell in the fourth quarter of 2013. For instance, the sales of telecommunications apparatus and computers fell by 12%, while the sales of furniture and household equipment declined by 5.4%.

 

For the full year, retail sales volume contracted by 4.3%, a reversal from the 1.3% expansion in 2012. Excluding motor vehicle sales, the retail sales volume grew by 1.1% in 2013, slower than the 1.7% increase in 2012. Watches and jewellery recorded the largest increase (11%) in sales in 2013, followed by optical goods and book (3%) and medical goods and toiletries (3%). By contrast, the sales of telecommunications apparatus and computer (-7.3%), furniture and household equipment (-4.2%) and petrol service stations (-1.4) declined in 2013.

 

 

OVERALL INDUSTRY OUTLOOK : AVERAGE GROWTH



CREDIT RISK EVALUATION & RECOMMENDATION

 


Incorporated in 2000, the Subject is a Private Limited company, focusing on trading of food products. With its long establishment in the market, the Subject has received strong support from its stable customers base. Its business position in the market is quite stable and it is expected to enjoy better market shares over its rivals. A paid up capital of SGD 5,000,000 allows the Subject to expand its business more comfortably. With a strong backing from its holding company, the Subject enjoys timely financial assistance should the needs arise.


Over the years, the Subject should have build up its clientele base and received supports from its regular customers. Investigation revealed that the Subject's interest lies mostly in the local market. Thus, any adverse changes to the local economy might have a negative impact on the Subject's business performance. The Subject is a fairly large and rapidly growing company with over 350 staff in its operations The Subject has a good  management capability. Its capable management team has enabled the Subject to keep its business on going. Hence, the future prospect of the Subject is bright.


Financially, the Subject registered a higher turnover compared to previous year. However, its profits showed a reverse trend. The lower profit achieved was a result of higher operating cost and increased competition. Based on the higher profitability, the Subject has generated a favourable return based on its existing shareholders' funds which indicated that the management was efficient in utilising its funds to generate income. Due to its weak liquidity position, the Subject may face working capital deficiency in meeting its short term financial obligations if no fresh capital are injected into the Subject. Being a zero geared company, the Subject virtually has no financial risk as it is mainly dependent on its internal funds to finance its business. Given a positive net worth standing at SGD 27,781,213, the Subject should be able to maintain its business in the near terms.


Having a strong assets backing, the Subject possesses latent assets as collateral for further financial extension. Hence, it has good chance of getting loans if the needs arises. The Subject'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 Subject has a good control over its resources.


The Subject's payment habit is average. With its adequate working capital, the Subject should be able to pay its short term debts.


The industry shows an upward trend and this trend is very likely to sustain in the near terms. Hence, the Subject is expected to benefit from the favourable outlook of the industry.


Based on the above condition, we recommend credit be granted to the Subject promptly.

 



PROFIT AND LOSS ACCOUNT

 

 

THE FINANCIAL STATEMENTS WERE PREPARED IN ACCORDANCE WITH SINGAPORE FINANCIAL REPORTING STANDARDS.

C M M MARKETING MANAGEMENT PTE LTD

 

Financial Year End

2013-12-31

2012-12-31

2011-12-31

2010-12-31

Months

12

12

12

12

Consolidated Account

Company

Company

Company

Company

Audited Account

YES

YES

YES

YES

Unqualified Auditor's Report (Clean Opinion)

YES

YES

YES

YES

Financial Type

FULL

FULL

FULL

FULL

Currency

SGD

SGD

SGD

SGD

 

 

 

 

 

TURNOVER

392,385,413

340,679,087

271,007,181

263,513,446

Other Income

3,110,231

13,561,761

2,285,111

2,661,639

 

----------------

----------------

----------------

----------------

Total Turnover

395,495,644

354,240,848

273,292,292

266,175,085

Costs of Goods Sold

(358,039,853)

(312,254,266)

(246,731,227)

(239,726,352)

 

----------------

----------------

----------------

----------------

Gross Profit

37,455,791

41,986,582

26,561,065

26,448,733

 

----------------

----------------

----------------

----------------

 

 

 

 

 

PROFIT/(LOSS) FROM OPERATIONS

22,148,599

25,015,391

11,511,581

12,001,032

 

----------------

----------------

----------------

----------------

PROFIT/(LOSS) BEFORE TAXATION

22,148,599

25,015,391

11,511,581

12,001,032

Taxation

(4,216,345)

(2,765,892)

(2,344,535)

(1,934,275)

 

----------------

----------------

----------------

----------------

PROFIT/(LOSS) AFTER TAXATION

17,932,254

22,249,499

9,167,046

10,066,757

 

----------------

----------------

----------------

----------------

RETAINED PROFIT/(LOSS) BROUGHT FORWARD

 

 

 

 

As previously reported

19,948,959

18,899,460

18,232,414

14,165,657

 

----------------

----------------

----------------

----------------

As restated

19,948,959

18,899,460

18,232,414

14,165,657

 

----------------

----------------

----------------

----------------

PROFIT AVAILABLE FOR APPROPRIATIONS

37,881,213

41,148,959

27,399,460

24,232,414

DIVIDENDS - Ordinary (paid & proposed)

(15,100,000)

(21,200,000)

(8,500,000)

(6,000,000)

 

----------------

----------------

----------------

----------------

RETAINED PROFIT/(LOSS) CARRIED FORWARD

22,781,213

19,948,959

18,899,460

18,232,414

 

=============

=============

=============

=============

 

 

 

 

 

 

 

 

 

BALANCE SHEET

 

 

C M M MARKETING MANAGEMENT PTE LTD

 

ASSETS EMPLOYED:

 

 

 

 

FIXED ASSETS

62,782,252

63,790,100

64,940,479

52,030,364

 

 

 

 

 

 

----------------

----------------

----------------

----------------

TOTAL LONG TERM ASSETS

62,782,252

63,790,100

64,940,479

52,030,364

 

 

 

 

 

Stocks

27,141,896

25,019,567

20,305,267

13,305,984

Trade debtors

30,704,629

13,405,176

10,282,628

8,088,645

Other debtors, deposits & prepayments

1,933,115

1,946,349

4,458,124

1,119,348

Cash & bank balances

11,581,717

17,131,058

4,147,574

7,854,006

Others

-

-

3,584,413

-

 

----------------

----------------

----------------

----------------

TOTAL CURRENT ASSETS

71,361,357

57,502,150

42,778,006

30,367,983

 

----------------

----------------

----------------

----------------

TOTAL ASSET

134,143,609

121,292,250

107,718,485

82,398,347

 

=============

=============

=============

=============

 

 

 

 

 

CURRENT LIABILITIES

 

 

 

 

Trade creditors

37,521,653

27,715,568

21,473,713

15,517,627

Other creditors & accruals

7,426,918

7,601,889

50,026,666

9,022,190

Short term borrowings/Term loans

-

-

-

3,201,312

Amounts owing to holding company

35,000,000

35,000,000

-

-

Amounts owing to director

1,565,804

1,358,943

-

-

Provision for taxation

3,332,736

2,503,399

3,263,424

2,173,624

Dividends payable/proposed

20,100,000

21,200,000

8,500,000

-

 

----------------

----------------

----------------

----------------

TOTAL CURRENT LIABILITIES

104,947,111

95,379,799

83,263,803

29,914,753

 

----------------

----------------

----------------

----------------

NET CURRENT ASSETS/(LIABILITIES)

(33,585,754)

(37,877,649)

(40,485,797)

453,230

 

----------------

----------------

----------------

----------------

TOTAL NET ASSETS

29,196,498

25,912,451

24,454,682

52,483,594

 

=============

=============

=============

=============

 

 

 

 

 

SHARE CAPITAL

 

 

 

 

Ordinary share capital

5,000,000

5,000,000

5,000,000

15,000,000

 

----------------

----------------

----------------

----------------

TOTAL SHARE CAPITAL

5,000,000

5,000,000

5,000,000

15,000,000

 

 

 

 

 

Retained profit/(loss) carried forward

22,781,213

19,948,959

18,899,460

18,232,414

 

----------------

----------------

----------------

----------------

TOTAL RESERVES

22,781,213

19,948,959

18,899,460

18,232,414

 

 

 

 

 

 

----------------

----------------

----------------

----------------

SHAREHOLDERS' FUNDS/EQUITY

27,781,213

24,948,959

23,899,460

33,232,414

 

 

 

 

 

Long term loans

-

-

-

19,090,651

Deferred taxation

1,415,285

963,492

555,222

160,529

 

----------------

----------------

----------------

----------------

TOTAL LONG TERM LIABILITIES

1,415,285

963,492

555,222

19,251,180

 

----------------

----------------

----------------

----------------

 

29,196,498

25,912,451

24,454,682

52,483,594

 

=============

=============

=============

=============

 

 

 

 

 

 

 

 

 

FINANCIAL RATIO

 

 

C M M MARKETING MANAGEMENT PTE LTD

 

TYPES OF FUNDS

 

 

 

 

Cash

11,581,717

17,131,058

4,147,574

7,854,006

Net Liquid Funds

11,581,717

17,131,058

4,147,574

7,854,006

Net Liquid Assets

(60,727,650)

(62,897,216)

(60,791,064)

(12,852,754)

Net Current Assets/(Liabilities)

(33,585,754)

(37,877,649)

(40,485,797)

453,230

Net Tangible Assets

29,196,498

25,912,451

24,454,682

52,483,594

Net Monetary Assets

(62,142,935)

(63,860,708)

(61,346,286)

(32,103,934)

BALANCE SHEET ITEMS

 

 

 

 

Total Borrowings

0

0

0

22,291,963

Total Liabilities

106,362,396

96,343,291

83,819,025

49,165,933

Total Assets

134,143,609

121,292,250

107,718,485

82,398,347

Net Assets

29,196,498

25,912,451

24,454,682

52,483,594

Net Assets Backing

27,781,213

24,948,959

23,899,460

33,232,414

Shareholders' Funds

27,781,213

24,948,959

23,899,460

33,232,414

Total Share Capital

5,000,000

5,000,000

5,000,000

15,000,000

Total Reserves

22,781,213

19,948,959

18,899,460

18,232,414

LIQUIDITY (Times)

 

 

 

 

Cash Ratio

0.11

0.18

0.05

0.26

Liquid Ratio

0.42

0.34

0.27

0.57

Current Ratio

0.68

0.60

0.51

1.02

WORKING CAPITAL CONTROL (Days)

 

 

 

 

Stock Ratio

25

27

27

18

Debtors Ratio

29

14

14

11

Creditors Ratio

38

32

32

24

SOLVENCY RATIOS (Times)

 

 

 

 

Gearing Ratio

0.00

0.00

0.00

0.67

Liabilities Ratio

3.83

3.86

3.51

1.48

Times Interest Earned Ratio

0.00

0.00

0.00

0.00

Assets Backing Ratio

5.84

5.18

4.89

3.50

PERFORMANCE RATIO (%)

 

 

 

 

Operating Profit Margin

5.64

7.34

4.25

4.55

Net Profit Margin

4.57

6.53

3.38

3.82

Return On Net Assets

75.86

96.54

47.07

22.87

Return On Capital Employed

75.86

96.54

47.07

22.87

Return On Shareholders' Funds/Equity

64.55

89.18

38.36

30.29

Dividend Pay Out Ratio (Times)

0.84

0.95

0.93

0.60

NOTES TO ACCOUNTS

 

 

 

 

Contingent Liabilities

0

0

0

0

 

 

FOREIGN EXCHANGE RATES

 

Currency
Unit

Indian Rupees

US Dollar

1

Rs. 61.85

UK Pound

1

Rs. 96.73

Euro

1

Rs. 76.53

 

 

INFORMATION DETAILS

 

Analysis Done by :

RSM

 

 

Report Prepared by :

DPT

 

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.