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MIRA INFORM REPORT
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Report No. : |
484424 |
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Report Date : |
10.01.2018 |
IDENTIFICATION DETAILS
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Name : |
NATRONICS
INTERNATIONAL |
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Registered Office : |
160, Paya Lebar Road, 06-01, Orion @ Paya Lebar, 409022 |
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Country : |
Singapore |
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Date of Incorporation : |
10.01.2011 |
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Com. Reg. No.: |
53183127B |
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Legal Form : |
Sole Proprietorship |
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Line of Business : |
General Wholesale Trade (Note: We tried to confirm/ obtain the detailed activity but the same is not available from any sources.) |
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No. of Employees : |
Not Available |
RATING & COMMENTS
(Mira Inform has adopted New Rating mechanism w.e.f. 23rd January
2017)
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MIRA’s Rating : |
B |
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Credit Rating |
Explanation |
Rating Comments |
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B |
Medium Risk |
Business dealings permissible on a regular
monitoring basis |
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Status : |
Moderate |
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Payment Behaviour : |
Unknown |
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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
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Country Name |
Previous Rating (30.06.2017) |
Current Rating (30.09.2017) |
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Singapore |
A1 |
A1 |
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Risk Category |
ECGC Classification |
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Insignificant |
A1 |
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Low Risk |
A2 |
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Moderately Low Risk |
B1 |
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Moderate Risk |
B2 |
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Moderately High Risk |
C1 |
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High Risk |
C2 |
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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 2014-16 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.
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Source
: CIA |
EXECUTIVE
SUMMARY
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REGISTRATION
NO. |
: |
53183127B |
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COMPANY
NAME |
: |
NATRONICS
INTERNATIONAL |
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COMMENCEMENT
DATE |
: |
10/01/2011 |
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REGISTRATION
DATE |
: |
10/01/2011 |
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EXPIRY
DATE |
: |
10/01/2020 |
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COMPANY
STATUS |
: |
ACTIVE |
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BUSINESS
CONSTITUTION |
: |
SOLE
PROPRIETORSHIP |
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REGISTERED
ADDRESS |
: |
160,
PAYA LEBAR ROAD, 06-01, ORION @ PAYA LEBAR, 409022, SINGAPORE. |
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BUSINESS
ADDRESS |
: |
160,
PAYA LEBAR ROAD, #06-01, ORION @ PAYA LEBAR,, 409022, SINGAPORE. |
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TEL.NO. |
: |
65-67441178 |
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FAX.NO. |
: |
N/A |
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CONTACT
PERSON |
: |
LEE
( STAFF ) |
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PRINCIPAL
ACTIVITY |
: |
GENERAL
WHOLESALE TRADE |
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STAFF
STRENGTH |
: |
N/A |
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LITIGATION |
: |
CLEAR |
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PAYMENT |
: |
N/A |
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MANAGEMENT
CAPABILITY |
: |
AVERAGE |
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COMMERCIAL
RISK |
: |
N/A |
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CURRENCY
EXPOSURE |
: |
N/A |
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GENERAL
REPUTATION |
: |
SATISFACTORY |
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INDUSTRY
OUTLOOK |
: |
AVERAGE
GROWTH |
HISTORY
/ BACKGROUND
The Subject commenced its business on
10/01/2011 as a SOLE PROPRIETORSHIP.
The Subject is a sole proprietorship, that is,
it has a single owner whose liabilities are unlimited. In case the Subject is
unable to meet all its obligations, the creditors can claim on the owner's
personal assets. The sole proprietorship ceases upon the death of the owner or
any time at the discretion of the owner. The ownership is non-transferable.
Under the law, the Subject has to file in its information with Registrar of
Business but it is not required to file in its financial statements.
The Subject is principally engaged in the (as
a / as an) general wholesale trade.
The
owner of the Subject are shown as follows :
Current
Shareholder(s) :
|
Name |
Address |
IC/PP/Loc
No |
Shareholding |
(%) |
|
ASIAN
CARATS PTE LTD |
160,
PAYA LEBAR ROAD, 06-01, ORION @ PAYA LEBAR , 409022, SINGAPORE. |
199600943 |
100.00 |
100.00 |
|
--------------- |
------ |
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100.00 |
100.00 |
|||
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============ |
===== |
+
Also Director
OWNERS
OWNER(S)
1
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Name
Of Subject |
: |
ASIAN
CARATS PTE LTD |
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Address |
: |
160,
PAYA LEBAR ROAD, 06-01, ORION @ PAYA LEBAR, 409022, SINGAPORE. |
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IC
/ PP No |
: |
199600943 |
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Date
of Appointment |
: |
09/01/2011 |
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Shareholding |
: |
100%
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INTEREST CHECK
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Interest
in companies |
: |
none
in our databank |
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Interest
in business |
: |
see
below |
INTEREST
IN BUSINESS
|
Business |
Position |
Shareholding |
As
At |
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HITESH
TRADING CO |
SOLE
PROPRIETORSHIP |
100.00
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20/12/2016
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|
MAP
EQUIPMENTS |
SOLE
PROPRIETORSHIP |
100.00
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22/05/2017
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NATRONICS
INTERNATIONAL |
SOLE
PROPRIETORSHIP |
100.00
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20/12/2016
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THREEWINS
RESOURCES |
SOLE
PROPRIETORSHIP |
100.00
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03/03/2017
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MANAGEMENT
|
1)
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Name
of Subject |
: |
LEE |
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Position |
: |
STAFF |
AUDITOR
No Auditor found in our databank
BANKING
No Banker found in our databank.
LITIGATION
CHECK - SUBJECT COMPANY AS A DEFENDANT
* 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.
PAYMENT
RECORD
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SOURCES
OF RAW MATERIALS: |
||
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Local |
: |
N/A |
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Overseas |
: |
N/A |
The staff from the registered office refused to disclose the Subject's
suppliers.
CLIENTELE
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Local |
: |
N/A |
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Overseas |
: |
N/A |
The staff from the registered office refused to disclose the Subject's
clientele.
OPERATIONS
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Goods
Traded |
: |
GENERAL
WHOLESALE TRADE |
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|
Branch |
: |
NO |
Other
Information:
The Subject is principally engaged in the (as a / as an) general wholesale
trade.
The staff from the registered office refused to disclose the Subject's
OPERATION.
CURRENT
INVESTIGATION
Latest
fresh investigations carried out on the Subject indicated that :
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Telephone
Number Provided By Client |
: |
N/A |
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Current
Telephone Number |
: |
65-67441178 |
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Match |
: |
N/A |
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Address
Provided by Client |
: |
160
PAYA LEBAR ROAD, SINGAPORE 409022 |
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Current
Address |
: |
160,
PAYA LEBAR ROAD, #06-01, ORION @ PAYA LEBAR,, 409022, SINGAPORE. |
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Match |
: |
NO |
Other
Investigations
We contacted one of the staff from the Subject's registered office and he only provided
limited information.
He refused to disclose the fax number and number of employees.
The address provided is incomplete.
FINANCIAL
ANALYSIS
|
We
are unable to comment on the Subject financial position as the Subject is not
required by the law to file its financial statement in the Registrar of
Business. |
||||||
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Overall
financial condition of the Subject : N/A |
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SINGAPORE
ECONOMIC/ INDUSTRY OUTLOOK
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Major
Economic Indicators : |
2012 |
2013 |
2014 |
2015 |
2016* |
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Population
(Million) |
5.31 |
5.40 |
5.47 |
5.54 |
5.63 |
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Gross
Domestic Products ( % ) |
1.3 |
3.7 |
(3.5) |
3.7 |
4.8 |
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Consumer
Price Index |
4.6 |
2.4 |
2.4 |
(0.5) |
(0.7) |
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Total
Imports (Million) |
474,554.0 |
466,762.0 |
463,779.1 |
407,767.9 |
398,372.0 |
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Total
Exports (Million) |
510,329.0 |
513,391.0 |
518,922.7 |
476,285.4 |
468,552.0 |
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Unemployment
Rate (%) |
2.0 |
1.9 |
1.9 |
1.9 |
2.1 |
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Tourist
Arrival (Million) |
14.49 |
15.46 |
15.01 |
15.23 |
16.28 |
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Hotel
Occupancy Rate (%) |
86.4 |
86.3 |
85.5 |
85.0 |
- |
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Cellular
Phone Subscriber (Million) |
1.52 |
1.97 |
1.98 |
1.99 |
- |
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Registration
of New Companies (No.) |
31,892 |
37,288 |
41,589 |
34,243 |
35,528 |
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Registration
of New Companies (%) |
(1.3) |
9.8 |
11.5 |
(17.7) |
3.8 |
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Liquidation
of Companies (No.) |
17,218 |
17,369 |
18,767 |
21,384 |
- |
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Liquidation
of Companies (%) |
9.4 |
(5.3) |
8.0 |
13.9 |
- |
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Registration
of New Businesses (No.) |
24,788 |
22,893 |
35,773 |
28,480 |
33,326 |
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Registration
of New Businesses (%) |
5.51 |
1.70 |
56.30 |
(20.39) |
17.02 |
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Liquidation
of Businesses (No.) |
22,489 |
22,598 |
22,098 |
26,116 |
- |
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Liquidation
of Businesses (%) |
(2.2) |
0.5 |
(2.2) |
18.2 |
- |
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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 |
- |
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Bankruptcy
Discharges (%) |
35.2 |
37.4 |
37.2 |
(1.3) |
- |
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INDUSTRIES
( % of Growth ) : |
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Agriculture |
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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) |
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Manufacturing
# |
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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 |
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Construction |
28.70 |
25.40 |
22.00 |
- |
- |
|
Real
Estate |
31.9 |
88.5 |
145.1 |
- |
- |
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Services |
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Electricity,
Gas & Water |
6.30 |
6.70 |
6.50 |
- |
- |
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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 |
- |
- |
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Education
Services |
0.30 |
3.10 |
5.98 |
- |
2.40 |
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*
Estimate / Preliminary |
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#
Based on Index of Industrial Production (2015 = 100) |
INDUSTRY
ANALYSIS
|
INDUSTRY
: |
TRADING |
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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%). |
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|
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%). |
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|
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. |
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|
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. |
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OVERALL
INDUSTRY OUTLOOK : AVERAGE GROWTH |
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CREDIT
RISK EVALUATION & RECOMMENDATION
|
Incorporated
in 2011, the Subject is a Sole Proprietorship, focusing on general wholesale
trade. Having been in business for more than 5 years, the Subject has
established a remarkable clientele base for itself which has contributed to
its business growth. |
FINANCIAL
ACCOUNT
No latest financial accounts are available at the Registry Office.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
INR 63.47 |
|
|
1 |
INR 86.15 |
|
Euro |
1 |
INR 75.92 |
|
SGD |
1 |
INR 47.71 |
Note:
Above are approximate rates obtained from sources believed to be correct
INFORMATION DETAILS
|
Analysis Done by
: |
PRA |
|
|
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|
Report Prepared
by : |
NIT |
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.