|
|
|
MIRA INFORM REPORT
|
Report No. : |
491896 |
|
Report Date : |
16.02.2018 |
IDENTIFICATION DETAILS
|
Name : |
TAMA LABELLING & ACCESSORIES PTE LTD |
|
|
|
|
Formerly Known As : |
TAMA KIMIA PERKASA PTE LTD SAIWAN TRADING (S) PTE LTD |
|
|
|
|
Registered Office : |
50, Lorong Melayu, 416930 |
|
|
|
|
Country : |
Singapore |
|
|
|
|
Date of Incorporation : |
10.12.1991 |
|
|
|
|
Com. Reg. No.: |
199106144N |
|
|
|
|
Legal Form : |
Exempt Private (Limited By Share) |
|
|
|
|
Line of Business : |
The Subject is engaged in the general wholesale trade. |
|
|
|
|
No. of Employees : |
5 [2018] |
RATING & COMMENTS
(Mira Inform has adopted New Rating mechanism w.e.f. 23rd
January 2017)
|
MIRA’s Rating : |
C |
|
Credit Rating |
Explanation |
Rating Comments |
|
C |
Medium High Risk |
Business dealings permissible preferably
on secured basis |
|
Status : |
Moderate |
|
|
|
|
Payment Behaviour : |
Unknown |
|
|
|
|
Litigation : |
Clear |
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
|
Country Name |
Previous Rating (30.06.2017) |
Current Rating (30.09.2017) |
|
Singapore |
A1 |
A1 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low Risk |
A2 |
|
Moderately Low Risk |
B1 |
|
Moderate Risk |
B2 |
|
Moderately 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. Unemployment is very low. The economy depends heavily on exports, particularly of consumer electronics, information technology products, medical and optical devices, pharmaceuticals, and on its vibrant transportation, business, and financial services sectors.
The economy contracted 0.6% in 2009 as a result of the global financial crisis, but has continued to grow since 2010. Growth in 2014-17 was slower than during the previous decade, at under 3% annually, largely a result of soft demand for exports amid a sluggish global economy and weak growth in Singapore’s manufacturing sector.
The government is attempting to restructure Singapore’s economy by weaning its dependence on foreign labor, addressing weak productivity growth, and increasing Singaporean wages. Singapore has attracted major investments in advanced manufacturing, pharmaceuticals, and medical technology production and will continue efforts to strengthen its position as Southeast Asia's leading financial and technology hub. Singapore is a member of the Regional Comprehensive Economic Partnership negotiations with the nine other ASEAN members plus Australia, China, India, Japan, South Korea, and New Zealand. In 2015, Singapore formed, with the other ASEAN members, the ASEAN Economic Community.
|
Source
: CIA |
EXECUTIVE
SUMMARY
|
|
REGISTRATION NO. |
: |
199106144N |
|
COMPANY NAME |
: |
TAMA LABELLING & ACCESSORIES PTE LTD |
|
FORMER NAME |
: |
TAMA KIMIA PERKASA PTE LTD (31/08/2000) |
|
INCORPORATION DATE |
: |
10/12/1991 |
|
COMPANY STATUS |
: |
EXIST |
|
LEGAL FORM |
: |
EXEMPT PRIVATE (LIMITED BY SHARE) |
|
LISTED STATUS |
: |
NO |
|
REGISTERED ADDRESS |
: |
50, LORONG MELAYU, 416930, SINGAPORE. |
|
BUSINESS ADDRESS |
: |
N/A |
|
TEL.NO. |
: |
N/A |
|
FAX.NO. |
: |
N/A |
|
CONTACT PERSON |
: |
N/A |
|
PRINCIPAL ACTIVITY |
: |
GENERAL WHOLESALE TRADE |
|
ISSUED AND PAID UP CAPITAL |
: |
607,750.00 ORDINARY SHARE, OF A VALUE OF SGD 607,750.00 |
|
SALES |
: |
N/A |
|
NET WORTH |
: |
N/A |
|
STAFF STRENGTH |
: |
5 [2018] |
|
LITIGATION |
: |
TRACED |
|
FINANCIAL CONDITION |
: |
N/A |
|
PAYMENT |
: |
UNKNOWN |
|
MANAGEMENT CAPABILITY |
: |
N/A |
|
COMMERCIAL RISK |
: |
N/A |
|
CURRENCY EXPOSURE |
: |
N/A |
|
GENERAL REPUTATION |
: |
N/A |
|
INDUSTRY OUTLOOK |
: |
AVERAGE GROWTH |
HISTORY
/ BACKGROUND
|
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 ≤ SGD10
million, or total assets ≤ SGD10 million or number of employees ≤
50 (meet at least 2 criteria for immediate past two financial years) are
exempted from statutory auditing requirements. 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.
An exempt private company with an annual turnover of more than
SGD10 million, or total assets more than SGD10 million or number of employees
more than 50 (meet at least 2 criteria for immediate past two financial years)
are required to file the audited financial.
The Subject is principally engaged in the (as a / as an) general
wholesale trade.
Share Capital History
|
Date |
Issue & Paid Up Capital |
|
13/02/2018 |
SGD 607,750.00 |
The major shareholder(s) of the Subject are shown as follows :
Current Shareholder(s) :
|
Name |
Address |
IC/PP/Loc No |
Shareholding |
(%) |
|
YEO JOHAR + |
50, LORONG MELAYU, 416930, SINGAPORE. |
S0212675C |
399,750.00 |
65.78 |
|
MARIA JOSEPH MRS MARIA JOSEPH YEO + |
50, LORONG MELAYU, 416930, SINGAPORE. |
S2669505H |
195,000.00 |
32.09 |
|
PAUL JOSEPH + |
636, BEDOK RESERVOIR ROAD, 14-31, 410636, SINGAPORE. |
S6982937F |
13,000.00 |
2.14 |
|
--------------- |
------ |
|||
|
607,750.00 |
100.00 |
|||
|
============ |
===== |
+ Also Director
DIRECTORS
|
DIRECTOR 1
|
Name Of Subject |
: |
PAUL JOSEPH |
|
Address |
: |
636, BEDOK RESERVOIR ROAD, 14-31, 410636, SINGAPORE. |
|
IC / PP No |
: |
S6982937F |
|
Nationality |
: |
SINGAPOREAN |
|
Date of Appointment |
: |
22/04/2003 |
INTEREST CHECK
|
Interest in companies |
: |
see below |
|
Interest in business |
: |
none in our databank |
|
Former interest |
: |
none in our databank |
INTEREST IN COMPANY
|
No |
Local No |
Company |
Designation |
App Date |
Shareholding |
Profit/(loss) After Tax |
Financial Year |
Status |
As At |
|
|
No. |
% |
|||||||||
|
1 |
199106144N |
TAMA LABELLING & ACCESSORIES PTE LTD |
Director |
22/04/2003 |
13,000.00 |
2.14 |
282.00 |
- |
- |
13/02/2018 |
DIRECTOR 2
|
Name Of Subject |
: |
MARIA JOSEPH MRS MARIA JOSEPH YEO |
|
Address |
: |
50, LORONG MELAYU, 416930, SINGAPORE. |
|
IC / PP No |
: |
S2669505H |
|
Nationality |
: |
SINGAPOREAN |
|
Date of Appointment |
: |
01/07/1997 |
INTEREST CHECK
|
Interest in companies |
: |
see below |
|
Interest in business |
: |
none in our databank |
|
Former interest |
: |
none in our databank |
INTEREST IN COMPANY
|
No |
Local No |
Company |
Designation |
App Date |
Shareholding |
Profit/(loss) After Tax |
Financial Year |
Status |
As At |
|
|
No. |
% |
|||||||||
|
1 |
199106144N |
TAMA LABELLING & ACCESSORIES PTE LTD |
Director |
01/07/1997 |
195,000.00 |
32.09 |
282.00 |
- |
- |
13/02/2018 |
DIRECTOR 3
|
Name Of Subject |
: |
YEO JOHAR |
|
Address |
: |
50, LORONG MELAYU, 416930, SINGAPORE. |
|
IC / PP No |
: |
S0212675C |
|
Nationality |
: |
SINGAPOREAN |
|
Date of Appointment |
: |
01/07/2002 |
|
Remark |
: |
ALTERNATE DIRECTOR TO MARIA JOSEPH MRS MARIA JOSEPH YEO |
INTEREST CHECK
|
Interest in companies |
: |
see below |
|
Interest in business |
: |
none in our databank |
|
Former interest |
: |
none in our databank |
INTEREST IN COMPANY
|
No |
Local No |
Company |
Designation |
App Date |
Shareholding |
Profit/(loss) After Tax |
Financial Year |
Status |
As At |
|
|
No. |
% |
|||||||||
|
1 |
199106144N |
TAMA LABELLING & ACCESSORIES PTE LTD |
Director |
01/07/2002 |
399,750.00 |
65.78 |
282.00 |
- |
- |
13/02/2018 |
MANAGEMENT
|
No data found in our databank.
AUDITOR
|
No Auditor found in our databank
COMPANY
SECRETARIES
|
|
1) |
Company Secretary |
: |
LIM HORNG LING |
|
IC / PP No |
: |
S6925973A |
|
|
Address |
: |
205, BALESTIER ROAD, 02-06, THE MEZZO, 329682, SINGAPORE. |
|
BANKING
|
No Banker found in our databank.
ENCUMBRANCE
(S)
|
No encumbrance was found in our databank at the time of investigation.
LITIGATION
CHECK - SUBJECT COMPANY AS A DEFENDANT
|
* A check has been conducted in our databank against the Subject whether the
subject has been involved in any litigation.
|
LEGAL ACTION |
|
||||||||||||
|
|||||||||||||
|
Status |
: |
PENDING |
|
||||||||||
|
Code No |
: |
99 |
Case No |
: |
8802 |
||||||||
|
Year |
: |
2010 |
Place |
: |
SINGAPORE |
||||||||
|
Type |
: |
MAGISTRATE COURT |
|||||||||||
|
Date Filed |
: |
08/04/2010 |
|||||||||||
|
Solicitor Ref |
: |
17894.09 |
|||||||||||
|
Solicitor Firm |
: |
ASSOMULL & PARTNERS |
|||||||||||
|
Plaintiff |
: |
SIM WAH KWONG @ SIM WAH KWANG BERNARD |
|||||||||||
|
DEFENDANTS |
: |
|
|||||||||||
|
Hearing Date |
: |
N/A |
|||||||||||
|
Amount Claimed |
: |
2041.77 |
|||||||||||
|
Nature of Claim |
: |
SGD |
|||||||||||
|
Remark |
: |
TORT - NEGLIGENCE |
|||||||||||
|
No winding up petition was found in our databank |
PAYMENT
RECORD
|
|
||
|
SOURCES OF RAW MATERIALS: |
||
|
Local |
: |
N/A |
|
Overseas |
: |
N/A |
CLIENTELE
|
|
Local |
: |
N/A |
|||
|
Overseas |
: |
N/A |
|||
|
Credit Term |
: |
N/A |
|||
OPERATIONS
|
|
Total Number of Employees: |
|||||||||
|
YEAR |
2018 |
||||||||
|
GROUP |
N/A |
||||||||
|
COMPANY |
5 |
||||||||
|
Branch |
: |
|
Other Information:
The Subject is principally engaged in the (as a / as an) general wholesale
trade.
CURRENT
INVESTIGATION
|
Latest fresh investigations carried out on the Subject indicated
that :
|
Telephone Number Provided By Client |
: |
65 96268600 |
|
Current Telephone Number |
: |
N/A |
|
Match |
: |
N/A |
|
Address Provided by Client |
: |
NO. 50 LORONG MELAYU 416930 |
|
Current Address |
: |
N/A |
|
Match |
: |
N/A |
Other Investigations
We were unable to contact the Subject and its Directors as well as it Company
Secretary.
The contact number we found for the Subject at 63345990, 6334 5991 is invalid.
The contact number provided is not answered when contacted on 15/2/2018 several
times.
We were unable to verify the address provided.
FINANCIAL
ANALYSIS
|
|
An exempt private company with an annual turnover of ≤
SGD10 million, or total assets ≤ SGD10 million or number of employees ≤
50 (meet at least 2 criteria for immediate past two financial years) are
exempted from statutory auditing requirements. 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. |
||||||
|
Overall financial condition of the Subject : N/A |
||||||
SINGAPORE
ECONOMIC / INDUSTRY OUTLOOK
|
|
Major Economic Indicators : |
2012 |
2013 |
2014 |
2015 |
2016* |
|
|
|||||
|
Population (Million) |
5.31 |
5.40 |
5.47 |
5.54 |
5.63 |
|
Gross Domestic Products ( % ) |
1.3 |
3.7 |
(3.5) |
3.7 |
4.8 |
|
Consumer Price Index |
4.6 |
2.4 |
2.4 |
(0.5) |
(0.7) |
|
Total Imports (Million) |
474,554.0 |
466,762.0 |
463,779.1 |
407,767.9 |
398,372.0 |
|
Total Exports (Million) |
510,329.0 |
513,391.0 |
518,922.7 |
476,285.4 |
468,552.0 |
|
|
|||||
|
Unemployment Rate (%) |
2.0 |
1.9 |
1.9 |
1.9 |
2.1 |
|
Tourist Arrival (Million) |
14.49 |
15.46 |
15.01 |
15.23 |
16.28 |
|
Hotel Occupancy Rate (%) |
86.4 |
86.3 |
85.5 |
85.0 |
- |
|
Cellular Phone Subscriber (Million) |
1.52 |
1.97 |
1.98 |
1.99 |
- |
|
|
|||||
|
Registration of New Companies (No.) |
31,892 |
37,288 |
41,589 |
34,243 |
35,528 |
|
Registration of New Companies (%) |
(1.3) |
9.8 |
11.5 |
(17.7) |
3.8 |
|
Liquidation of Companies (No.) |
17,218 |
17,369 |
18,767 |
21,384 |
- |
|
Liquidation of Companies (%) |
9.4 |
(5.3) |
8.0 |
13.9 |
- |
|
|
|||||
|
Registration of New Businesses (No.) |
24,788 |
22,893 |
35,773 |
28,480 |
33,326 |
|
Registration of New Businesses (%) |
5.51 |
1.70 |
56.30 |
(20.39) |
17.02 |
|
Liquidation of Businesses (No.) |
22,489 |
22,598 |
22,098 |
26,116 |
- |
|
Liquidation of Businesses (%) |
(2.2) |
0.5 |
(2.2) |
18.2 |
- |
|
|
|||||
|
Bankruptcy Orders (No.) |
1,748 |
1,992 |
1,757 |
1,776 |
- |
|
Bankruptcy Orders (%) |
14.5 |
14.0 |
(11.8) |
1.0 |
- |
|
Bankruptcy Discharges (No.) |
1,881 |
2,584 |
3,546 |
3,499 |
- |
|
Bankruptcy Discharges (%) |
35.2 |
37.4 |
37.2 |
(1.3) |
- |
|
|
|||||
|
INDUSTRIES ( % of Growth ) : |
|||||
|
Agriculture |
|||||
|
Production of Principal Crops |
5.16 |
1.78 |
4.29 |
3.04 |
- |
|
Fish Supply & Wholesale |
(0.5) |
(3.8) |
(8.6) |
(8.5) |
(9.9) |
|
|
|||||
|
Manufacturing # |
|||||
|
Food, Beverages & Tobacco |
97.9 |
97.9 |
99.4 |
100.0 |
103.7 |
|
Textiles |
140.1 |
119.5 |
102.7 |
100.0 |
93.3 |
|
Wearing Apparel |
395.4 |
334.1 |
212.6 |
100.0 |
80.3 |
|
Leather Products & Footwear |
109.5 |
122.0 |
106.5 |
100.0 |
93.2 |
|
Wood & Wood Products |
93.3 |
103.0 |
107.2 |
100.0 |
90.5 |
|
Paper & Paper Products |
98.5 |
104.4 |
104.5 |
100.0 |
99.7 |
|
Printing & Media |
122.8 |
113.8 |
105.968 |
100.0 |
86.9 |
|
Crude Oil Refineries |
107.1 |
100.7 |
92.2 |
100.0 |
100.5 |
|
Chemical & Chemical Products |
85.3 |
88.4 |
96.7 |
100.0 |
97.6 |
|
Pharmaceutical Products |
103.8 |
101.421 |
109.4 |
100.0 |
115.9 |
|
Rubber & Plastic Products |
113.5 |
109.497 |
109.2 |
100.0 |
87.9 |
|
Non-metallic Mineral |
108.8 |
107.4 |
90.759 |
100.0 |
93.6 |
|
Basic Metals |
91.5 |
77.2 |
99.3 |
100.0 |
113.1 |
|
Fabricated Metal Products |
107.314 |
107.5 |
107.757 |
100.0 |
91.7 |
|
Machinery & Equipment |
107.3 |
109.1 |
118.2 |
100.0 |
79.3 |
|
Electrical Machinery |
80.102 |
87.4 |
97.871 |
100.0 |
99.3 |
|
Electronic Components |
100.7 |
105.0 |
105.6 |
100.0 |
106.3 |
|
Transport Equipment |
109.9 |
111.1 |
106.68 |
100.0 |
98.7 |
|
|
|||||
|
Construction |
28.70 |
25.40 |
22.00 |
- |
- |
|
Real Estate |
31.9 |
88.5 |
145.1 |
- |
- |
|
|
|||||
|
Services |
|||||
|
Electricity, Gas & Water |
6.30 |
6.70 |
6.50 |
- |
- |
|
Transport, Storage & Communication |
5.30 |
9.80 |
14.20 |
- |
- |
|
Finance & Insurance |
0.50 |
3.30 |
6.00 |
- |
7.40 |
|
Government Services |
6.00 |
6.50 |
6.30 |
- |
- |
|
Education Services |
0.30 |
3.10 |
5.98 |
- |
2.40 |
|
|
|||||
|
* Estimate / Preliminary |
|||||
|
# Based on Index of Industrial Production (2015 = 100) |
INDUSTRY
ANALYSIS
|
|
INDUSTRY : |
TRADING |
|
The wholesale & retail trade sector expanded by 6.8% in the
third quarter of 2015, higher than the 6.0% growth in the preceding quarter.
Growth was supported by both the wholesale trade and retail trade segments.
The wholesale trade segment was boosted by an increase in both domestic and
foreign wholesale trade sales volume. In particular, the domestic wholesale
trade index rose by 7.4%, following the 8.1 % increase in the previous
quarter. The strong performance in domestic wholesale trade was due to a
surge in the sales of petroleum and petroleum products (14%), chemicals &
chemical products (39%) and telecommunications & computers (18%). |
|
|
Similarly, the foreign wholesale trade index rose by 10% in the
third quarter of 2015, accelerating from the 6.9% rise in the previous
quarter. Growth was driven by improvements in the sales of petroleum &
petroleum products (21%), metals, timber & construction materials (10%)
and general wholesale trade (8.8%). |
|
|
Overall retail trade sales volume also recorded resilient growth
of 5.6% in the third quarter of 2015, extending the 6.4 % expansion in the
second quarter. Growth was supported by a surge in the volume of motor
vehicle sales (44%), which was in turn due to a substantial increase in the
supply of Certificate of Entitlements. Excluding motor vehicles, retail sales
volume increased at a much slower pace of 0.7% over the same period. The
increase in retail sales volume (excluding motor vehicles) was due to
improved non-discretionary goods sales. For instance, the sales of medical
goods & toiletries and department store goods rose by 8.1% and 3.6%
respectively. |
|
|
According to the Retail News Asia, Food and beverage has
overtaken fashion as the primary driver of demand for retail real estate in Singapore.
Despite declining retail sales and consumer spending, the prime retail sector
remained in good shape during the third quarter 2015. |
|
|
OVERALL INDUSTRY OUTLOOK : AVERAGE GROWTH |
|
FINANCIAL
ACCOUNT
|
No latest financial accounts are available at the Registry Office.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
INR 64.92 |
|
|
1 |
INR 89.55 |
|
Euro |
1 |
INR 79.68 |
|
SGD |
1 |
INR 48.89 |
Note :
Above are approximate rates obtained from sources believed to be correct
INFORMATION DETAILS
|
Analysis Done by
: |
DIV |
|
|
|
|
Report Prepared
by : |
KET |
RATING EXPLANATIONS
|
Credit Rating |
Explanation |
Rating Comments |
|
A++ |
Minimum Risk |
Business dealings permissible with minimum
risk of default |
|
A+ |
Low Risk |
Business dealings permissible with low
risk of default |
|
A |
Acceptable Risk |
Business dealings permissible with
moderate risk of default |
|
B |
Medium Risk |
Business dealings permissible on a regular
monitoring basis |
|
C |
Medium High Risk |
Business dealings permissible preferably
on secured basis |
|
D |
High Risk |
Business dealing not recommended or on
secured terms only |
|
NB |
New Business |
No recommendation can be done due to
business in infancy stage |
|
NT |
No Trace |
No recommendation can be done as the
business is not traceable |
NB is stated where there is insufficient information to facilitate rating. However, it is not to be considered as unfavourable.
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 are as follows:
·
Financial
condition covering various ratios
·
Company
background and operations size
·
Promoters
/ Management background
·
Payment
record
·
Litigation
against the subject
·
Industry
scenario / competitor analysis
·
Supplier
/ Customer / Banker review (wherever available)
This report is issued at
your request without any risk and responsibility on the part of MIRA INFORM
PRIVATE LIMITED (MIPL) or its officials.