|
|
REGISTRATION NO.
|
:
|
199706908-E
|
|
COMPANY NAME
|
:
|
SHIBUYA SAKURA INDUSTRIES (S) PTE LTD
|
|
FORMER NAME
|
:
|
N/A
|
|
INCORPORATION DATE
|
:
|
03/10/1997
|
|
|
|
|
|
|
|
COMPANY STATUS
|
:
|
EXIST
|
|
LEGAL FORM
|
:
|
EXEMPT PRIVATE
|
|
LISTED STATUS
|
:
|
NO
|
|
|
|
|
|
|
|
REGISTERED ADDRESS
|
:
|
3, SHENTON WAY, 15-10, SHENTON HOUSE, 068805, SINGAPORE.
|
|
BUSINESS ADDRESS
|
:
|
3, SHENTON WAY, 15-10, SHENTON HOUSE, 068805, SINGAPORE.
|
|
TEL.NO.
|
:
|
65-64591622
|
|
FAX.NO.
|
:
|
65-64584005
|
|
CONTACT PERSON
|
:
|
PARIKH SAUMIL KISHORE KUMAR ( DIRECTOR )
|
|
|
|
|
|
|
|
PRINCIPAL ACTIVITY
|
:
|
TRADING OF METAL SCRAPS, TIMBER
|
|
|
|
|
ISSUED AND PAID UP CAPITAL
|
:
|
1,270,000.00 ORDINARY SHARE, OF A VALUE OF SGD 1,270,000.00
|
|
|
|
|
SALES
|
:
|
N/A
|
|
NET WORTH
|
:
|
N/A
|
|
|
|
|
STAFF STRENGTH
|
:
|
10 [2015]
|
|
|
|
LITIGATION
|
:
|
CLEAR
|
|
FINANCIAL CONDITION
|
:
|
N/A
|
|
PAYMENT
|
:
|
N/A
|
|
MANAGEMENT CAPABILITY
|
:
|
AVERAGE
|
|
|
|
|
COMMERCIAL RISK
|
:
|
MODERATE
|
|
CURRENCY EXPOSURE
|
:
|
MODERATE
|
|
GENERAL REPUTATION
|
:
|
SATISFACTORY
|
|
INDUSTRY OUTLOOK
|
:
|
AVERAGE GROWTH
|
The Subject 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 Subject 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 Subject has to file in a document duly signed by its director in charge
of its finance and the company secretary stating that the Subject is able to
meet all its obligations as and when they fall due. The Subject is not
required to have their accounts audited. However, the Subject 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 Subject is principally engaged in the (as a / as an)
trading of metal scraps, timber.
Share Capital History
|
Date
|
Issue & Paid Up Capital
|
|
26/02/2015
|
SGD 1,270,000.00
|
The major shareholder(s) of the Subject are shown as follows :
Name
|
Address
|
IC/PP/Loc No
|
Shareholding
|
(%)
|
|
MR. PARIKH SAUMIL KISHORE KUMAR +
|
48A, LORONG J TELOK KURAU, 425838, SINGAPORE.
|
S7913209H
|
945,000.00
|
74.41
|
|
N ANANDARAJA S/O NADARAJAH +
|
15, TELOK BLANGAH CRESCENT, 03-234, 090015, SINGAPORE.
|
S1794580G
|
249,999.00
|
19.68
|
|
GARY DONALD SEATON +
|
2, NERRIMAR STREET, SHAILER PARK, BRISBANE, QLD 4128, AUSTRALIA,
AUSTRALIA.
|
E1022155
|
1.00
|
0.00
|
|
CHANDRA MALAR D/O KAILAYER VISWANATH KAILAYER
|
50C, LORONG J TELOK KURAU, PROSPECT GARDEN, 425844, SINGAPORE.
|
S0129734A
|
75,000.00
|
5.91
|
|
|
|
---------------
|
------
|
|
|
|
1,270,000.00
|
100.00
|
|
|
|
============
|
=====
|
+ Also Director
DIRECTOR 1
|
Name Of Subject
|
:
|
GARY DONALD SEATON
|
|
Address
|
:
|
2, NERRIMAR STREET, SHAILER PARK, BRISBANE, QLD 4128, AUSTRALIA,
AUSTRALIA.
|
|
IC / PP No
|
:
|
E1022155
|
|
|
|
|
|
|
|
|
|
|
Nationality
|
:
|
AUSTRALIAN
|
|
Date of Appointment
|
:
|
14/06/2001
|
|
|
|
|
|
|
|
|
|
|
|
|
DIRECTOR 2
|
Name Of Subject
|
:
|
N ANANDARAJA S/O NADARAJAH
|
|
Address
|
:
|
15, TELOK BLANGAH CRESCENT, 03-234, 090015, SINGAPORE.
|
|
IC / PP No
|
:
|
S1794580G
|
|
|
|
|
|
|
|
|
|
|
Nationality
|
:
|
SINGAPOREAN
|
|
Date of Appointment
|
:
|
21/09/1999
|
|
|
|
|
|
|
|
|
|
|
|
|
DIRECTOR 3
|
Name Of Subject
|
:
|
MR. PARIKH SAUMIL KISHORE KUMAR
|
|
Address
|
:
|
48A, LORONG J TELOK KURAU, 425838, SINGAPORE.
|
|
IC / PP No
|
:
|
S7913209H
|
|
|
|
|
|
|
|
|
|
|
Nationality
|
:
|
SINGAPOREAN
|
|
Date of Appointment
|
:
|
19/10/2007
|
|
|
|
|
|
|
|
|
|
|
|
|
|
1)
|
Name of Subject
|
:
|
PARIKH SAUMIL KISHORE KUMAR
|
|
Position
|
:
|
DIRECTOR
|
|
|
|
|
|
Auditor
|
:
|
S C MOHAN PAC
|
|
Auditor' Address
|
:
|
N/A
|
|
|
|
|
|
|
No company secretary was found in our databank.
Banking relations are maintained principally with :
|
Charge No
|
Creation Date
|
Charge Description
|
Chargee Name
|
Total Charge
|
Status
|
|
C200306100
|
17/12/2003
|
N/A
|
INDIAN BANK
|
-
|
Unsatisfied
|
|
C200405012
|
08/10/2004
|
N/A
|
INDIAN BANK
|
-
|
Unsatisfied
|
|
C200705090
|
03/07/2007
|
N/A
|
INDIAN BANK
|
-
|
Unsatisfied
|
|
C201003697
|
05/05/2010
|
N/A
|
INDIAN BANK
|
-
|
Unsatisfied
|
|
C201102985
|
10/03/2011
|
N/A
|
INDIAN BANK
|
-
|
Unsatisfied
|
|
C201205760
|
25/05/2012
|
N/A
|
INDIAN BANK
|
-
|
Unsatisfied
|
|
C201312954
|
23/09/2013
|
N/A
|
INDIAN BANK
|
-
|
Unsatisfied
|
|
C201403906
|
21/04/2014
|
N/A
|
DBS BANK LTD.
|
-
|
Unsatisfied
|
|
C201414609
|
22/12/2014
|
N/A
|
MALAYAN BANKING BERHAD
|
-
|
Unsatisfied
|
LITIGATION CHECK AGAINST
SUBJECT
|
* A check has been conducted in our databank againt the Subject whether the
subject has been involved in any litigation.
No legal action was found in our databank.
No winding up petition was found in our databank.
|
|
|
SOURCES OF RAW MATERIALS:
|
|
Local
|
:
|
N/A
|
|
Overseas
|
:
|
N/A
|
|
|
|
The Subject refused to disclose its suppliers.
|
Local
|
:
|
YES
|
|
Domestic Markets
|
:
|
SINGAPORE
|
|
Overseas
|
:
|
YES
|
|
|
|
|
Export Market
|
:
|
WORLDWIDE
|
|
Credit Term
|
:
|
N/A
|
|
|
|
|
|
|
|
Payment Mode
|
:
|
CHEQUES
TELEGRAPHIC TRANSFER (TT)
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Goods Traded
|
:
|
METAL SCRAPS, TIMBER
|
|
|
|
|
Total Number of Employees:
|
|
|
YEAR
|
2015
|
2014
|
2013
|
|
|
|
|
|
|
|
|
GROUP
|
N/A
|
N/A
|
N/A
|
|
|
|
|
|
|
|
COMPANY
|
10
|
10
|
10
|
|
|
|
|
|
|
Other
Information:
The Subject is principally engaged in the (as a / as an) trading of metal
scraps, timber.
The Subject refused to disclose any information on its operation.
Latest fresh investigations carried out on the Subject indicated that
:
|
Telephone Number Provided By Client
|
:
|
6564591622
|
|
Current Telephone Number
|
:
|
65-64591622
|
|
Match
|
:
|
YES
|
|
|
|
|
Address Provided by Client
|
:
|
3 SHENTONWAY #15-10 SHENTON HOUSE SINGAPORE 068805
|
|
Current Address
|
:
|
3, SHENTON WAY, 15-10, SHENTON HOUSE, 068805, SINGAPORE.
|
|
Match
|
:
|
YES
|
|
|
|
|
We have contacted the Subject's Accountant and its Company Secretary for
the latest financial accounts. However they have rejected our request in
view of the confidentiality of the documents.
|
|
Other Investigations
On 25th February 2015, we contacted one of the staff from the Subject and she
provided some information on the Subject.
|
The Subject 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 Subject's financial
performance.
|
|
|
|
|
|
|
|
|
Overall financial condition of the
Subject : N/A
|
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 :
|
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 1997, the Subject is an Exempt Private company, focusing on
trading of metal scraps, timber. Having been in the industry for over a
decade, the Subject 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. A paid up capital of SGD 1,000,000 allows the
Subject to expand its business more comfortably. However, the Subject does
not have strong shareholders’ backing. Without a strong shareholders'
backing, the opportunity of the Subject to expand its business is limited.
Over the years, the Subject has penetrated into both the local and overseas
market. The Subject has positioned itself in the global market and is
competing in the industry. Its stable clientele base will enable the
Subject to further enhance its business in the near term. Being a small
company, the Subject's business operation is supported by 10 employees.
Overall, we regard that the Subject's management capability is average.
This indicates that the Subject has greater potential to improve its
business performance and raising income for the Subject.
As the Subject is registered as an Exempt Private company, it is not
required to file financial statements for public review. As such, we are
unable to ascertain its present financial health.
The industry shows an upward trend and this trend is very likely to sustain
in the near terms.
In view of the above, we recommend credit be granted to the Subject with
close monitoring.
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No latest financial accounts are available at the Registry Office.
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