|
|
REGISTRATION NO.
|
:
|
201024161G
|
|
COMPANY NAME
|
:
|
STAMCORP INTERNATIONAL PTE. LTD.
|
|
FORMER NAME
|
:
|
N/A
|
|
INCORPORATION DATE
|
:
|
12/11/2010
|
|
|
|
|
|
|
|
COMPANY STATUS
|
:
|
EXIST
|
|
LEGAL FORM
|
:
|
EXEMPT PRIVATE (LIMITED BY SHARE)
|
|
LISTED STATUS
|
:
|
NO
|
|
|
|
|
|
|
|
REGISTERED ADDRESS
|
:
|
180, CECIL STREET, 09-02, BANGKOK BANK
BUILDING, 069546, SINGAPORE.
|
|
BUSINESS ADDRESS
|
:
|
180, CECIL STREET, 09-02, BANGKOK BANK
BUILDING, 069546, SINGAPORE.
|
|
TEL.NO.
|
:
|
65-63242568
|
|
FAX.NO.
|
:
|
65-63721625
|
|
CONTACT PERSON
|
:
|
NIKHIL KUMAR ( DIRECTOR )
|
|
|
|
|
|
|
|
PRINCIPAL ACTIVITY
|
:
|
TRADING OF SCRAP METAL AND WASTE MATERIALS
|
|
ISSUED AND PAID UP CAPITAL
|
:
|
1,536,652.00 ORDINARY SHARE, OF A VALUE
OF SGD 1,536,652.00
|
|
|
|
|
SALES
|
:
|
N/A
|
|
NET WORTH
|
:
|
N/A
|
|
|
|
|
STAFF STRENGTH
|
:
|
15 [2018]
|
|
BANKER (S)
|
:
|
|
UNITED OVERSEAS BANK LIMITED
|
|
|
|
LITIGATION
|
:
|
CLEAR
|
|
FINANCIAL CONDITION
|
:
|
N/A
|
|
PAYMENT
|
:
|
UNKNOWN
|
|
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 ≤ 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) trading of scrap metal and waste materials.
Share Capital History
|
Date
|
Issue & Paid Up Capital
|
|
22/03/2018
|
SGD 1,536,652.00
|
The major shareholder(s) of the Subject are
shown as follows :
Current Shareholder(s) :
|
Name
|
Address
|
IC/PP/Loc No
|
Shareholding
|
(%)
|
|
NIKHIL KUMAR +
|
25, LEONIE HILL, 22-01, LEONIE GARDENS,
239225, SINGAPORE.
|
S7561450J
|
1,536,652.00
|
100.00
|
|
|
|
---------------
|
------
|
|
|
|
1,536,652.00
|
100.00
|
|
|
|
============
|
=====
|
+ Also Director
The Subject's interest in other companies
(Subsidiaries/Associates) are shown as follow :
|
Local No
|
Country
|
Company
|
Status
|
(%)
|
As At
|
|
201732793E
|
SINGAPORE
|
NKSK INVESTMENTS PTE. LTD.
|
-
|
98.03
|
22/03/2018
|
DIRECTOR 1
|
Name Of Subject
|
:
|
NIKHIL KUMAR
|
|
Address
|
:
|
25, LEONIE HILL, 22-01, LEONIE GARDENS,
239225, SINGAPORE.
|
|
IC / PP No
|
:
|
S7561450J
|
|
|
|
|
|
|
|
|
|
|
Nationality
|
:
|
SINGAPOREAN
|
|
Date of Appointment
|
:
|
12/11/2010
|
|
|
|
|
|
|
|
|
|
|
|
|
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
|
201024161G
|
STAMCORP INTERNATIONAL PTE. LTD.
|
Director
|
12/11/2010
|
1,536,652.00
|
100.00
|
-
|
-
|
-
|
22/03/2018
|
|
2
|
200307528H
|
SUNAGRO INTERNATIONAL PTE. LTD.
|
Director
|
07/08/2003
|
2,895,336.00
|
100.00
|
-
|
-
|
-
|
25/04/2014
|
|
1)
|
Name of Subject
|
:
|
NIKHIL KUMAR
|
|
Position
|
:
|
DIRECTOR
|
|
|
|
|
|
Auditor
|
:
|
MGI N RAJAN ASSOCIATES
|
|
Auditor' Address
|
:
|
N/A
|
|
|
|
|
|
|
|
1)
|
Company Secretary
|
:
|
SUJATA KUMAR
|
|
IC / PP No
|
:
|
S7981581J
|
|
|
|
|
|
Address
|
:
|
25, LEONIE HILL, 22-01, LEONIE GARDENS, 239225,
SINGAPORE.
|
|
|
|
|
|
|
|
|
|
|
|
|
Banking relations are maintained principally with :
|
1)
|
Name
|
:
|
UNITED OVERSEAS BANK LIMITED
|
|
|
|
|
|
|
|
|
|
Charge No
|
Creation Date
|
Charge Description
|
Chargee Name
|
Total Charge
|
Status
|
|
C201311033
|
13/08/2013
|
N/A
|
UNITED OVERSEAS BANK LIMITED
|
-
|
Unsatisfied
|
|
C201708991
|
05/09/2017
|
N/A
|
UNITED OVERSEAS BANK LIMITED
|
-
|
Unsatisfied
|
CIVIL 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.
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
|
:
|
SCRAP METAL AND WASTE MATERIALS
|
|
|
|
|
Total Number of Employees:
|
|
|
YEAR
|
2018
|
2017
|
2016
|
2015
|
2014
|
|
|
|
|
|
|
GROUP
|
N/A
|
N/A
|
N/A
|
N/A
|
N/A
|
|
|
|
|
|
COMPANY
|
15
|
11
|
11
|
11
|
20
|
|
|
|
|
Other Information:
The Subject is principally engaged in the (as a / as an) trading of scrap
metal and waste materials.
The Subject is engaged in the assembling, breaking up, sorting, and wholesale
distribution of scrap and waste materials.
The Subject refused to disclose further information on its operation.
Latest fresh investigations carried out on
the Subject indicated that :
|
Telephone Number Provided By Client
|
:
|
N/A
|
|
Current Telephone Number
|
:
|
65-63242568
|
|
Match
|
:
|
N/A
|
|
|
|
|
Address Provided by Client
|
:
|
180, CECIL STREET NO 09-02, BANGKOK BANK
BUILDING 069546 SINGAPORE
|
|
Current Address
|
:
|
180, CECIL STREET, 09-02, BANGKOK BANK
BUILDING, 069546, SINGAPORE.
|
|
Match
|
:
|
YES
|
|
|
|
Other Investigations
We have contacted one of the staff from the Subject and she provided some
information.
|
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.
|
|
|
|
|
|
|
|
|
Overall financial condition of the
Subject : N/A
|
|
|
SINGAPORE ECONOMIC / INDUSTRY
OUTLOOK
|
|
Major Economic Indicators :
|
2013
|
2014
|
2015
|
2016
|
2017*
|
|
|
|
|
|
|
|
|
Population (Million)
|
5.40
|
5.47
|
5.54
|
5.61
|
5.61
|
|
Gross Domestic Products ( % )
|
5.1
|
3.9
|
2.2
|
2.4
|
3.6
|
|
Consumer Price Index
|
2.4
|
1.0
|
(0.5)
|
(0.5)
|
0.6
|
|
Total Imports (Million)
|
466,762.0
|
463,779.1
|
407,767.9
|
398,372.0
|
403,300.0
|
|
Total Exports (Million)
|
513,391.0
|
518,922.7
|
476,285.4
|
468,552.0
|
466,900.0
|
|
|
|
|
|
|
|
|
Unemployment Rate (%)
|
1.9
|
1.9
|
1.9
|
2.1
|
-
|
|
Tourist Arrival (Million)
|
15.46
|
15.01
|
15.23
|
16.28
|
-
|
|
Hotel Occupancy Rate (%)
|
86.3
|
85.5
|
84.0
|
83.1
|
84.7
|
|
Cellular Phone Subscriber (Million)
|
1.97
|
1.98
|
1.99
|
-
|
-
|
|
|
|
|
|
|
|
|
Registration of New Companies (No.)
|
37,288
|
41,589
|
34,243
|
35,227
|
37,395
|
|
Registration of New Companies (%)
|
9.8
|
11.5
|
(17.7)
|
2.9
|
6.2
|
|
Liquidation of Companies (No.)
|
17,369
|
18,767
|
21,384
|
23,218
|
22,379
|
|
Liquidation of Companies (%)
|
(5.3)
|
8.0
|
13.9
|
8.6
|
(3.6)
|
|
|
|
|
|
|
|
|
Registration of New Businesses (No.)
|
22,893
|
35,773
|
28,480
|
27,120
|
22,148
|
|
Registration of New Businesses (%)
|
1.70
|
56.30
|
(20.39)
|
(4.78)
|
(18.33)
|
|
Liquidation of Businesses (No.)
|
22,598
|
22,098
|
26,116
|
35,866
|
24,344
|
|
Liquidation of Businesses (%)
|
0.5
|
(2.2)
|
18.2
|
37.3
|
(32.1)
|
|
|
|
|
|
|
|
|
Bankruptcy Orders (No.)
|
1,992
|
1,757
|
1,776
|
1,797
|
1,638
|
|
Bankruptcy Orders (%)
|
14.0
|
(11.8)
|
1.0
|
1.2
|
(8.9)
|
|
Bankruptcy Discharges (No.)
|
2,584
|
3,546
|
3,499
|
4,359
|
2,030
|
|
Bankruptcy Discharges (%)
|
37.4
|
37.2
|
(1.3)
|
24.6
|
(53.4)
|
|
|
|
|
|
|
|
|
INDUSTRIES ( % of Growth ) :
|
|
|
|
|
|
|
Agriculture
|
|
|
|
|
|
|
Production of Principal Crops
|
1.78
|
4.29
|
3.04
|
-
|
-
|
|
Fish Supply & Wholesale
|
(3.8)
|
(8.6)
|
(8.5)
|
(9.9)
|
-
|
|
|
|
|
|
|
|
|
Manufacturing #
|
|
|
|
|
|
|
Food, Beverages & Tobacco
|
97.9
|
99.4
|
100.0
|
103.7
|
110.3
|
|
Textiles
|
119.5
|
102.7
|
100.0
|
92.4
|
84.4
|
|
Wearing Apparel
|
334.1
|
212.6
|
100.0
|
83.4
|
88.2
|
|
Leather Products & Footwear
|
122.0
|
106.5
|
100.0
|
88.8
|
79.0
|
|
Wood & Wood Products
|
103.0
|
107.2
|
100.0
|
95.0
|
92.9
|
|
Paper & Paper Products
|
104.4
|
104.5
|
100.0
|
97.3
|
96.1
|
|
Printing & Media
|
113.8
|
105.968
|
100.0
|
85.1
|
73.1
|
|
Crude Oil Refineries
|
100.7
|
92.2
|
100.0
|
104.2
|
113.5
|
|
Chemical & Chemical Products
|
88.4
|
96.7
|
100.0
|
98.9
|
105.3
|
|
Pharmaceutical Products
|
101.421
|
109.4
|
100.0
|
113.8
|
96.0
|
|
Rubber & Plastic Products
|
109.497
|
109.2
|
100.0
|
91.4
|
93.7
|
|
Non-metallic Mineral
|
107.4
|
90.759
|
100.0
|
89.8
|
72.9
|
|
Basic Metals
|
77.2
|
99.3
|
100.0
|
106.2
|
108.3
|
|
Fabricated Metal Products
|
107.5
|
107.757
|
100.0
|
93.8
|
91.3
|
|
Machinery & Equipment
|
109.1
|
118.2
|
100.0
|
80.8
|
86.1
|
|
Electrical Machinery
|
87.4
|
97.871
|
100.0
|
101.5
|
111.7
|
|
Electronic Components
|
105.0
|
105.6
|
100.0
|
114.1
|
151.4
|
|
Transport Equipment
|
111.1
|
106.68
|
100.0
|
101.0
|
99.5
|
|
|
|
|
|
|
|
|
Construction
|
25.40
|
22.00
|
-
|
-
|
-
|
|
Real Estate
|
88.5
|
145.1
|
-
|
-
|
-
|
|
|
|
|
|
|
|
|
Services
|
|
|
|
|
|
|
Electricity, Gas & Water
|
6.70
|
6.50
|
-
|
-
|
-
|
|
Transport, Storage & Communication
|
9.80
|
14.20
|
-
|
-
|
-
|
|
Finance & Insurance
|
3.30
|
6.00
|
-
|
7.40
|
-
|
|
Government Services
|
6.50
|
6.30
|
-
|
-
|
-
|
|
Education Services
|
3.10
|
5.98
|
-
|
2.40
|
-
|
|
|
|
|
|
|
|
|
* Estimate / Preliminary
|
|
|
|
|
|
|
# Based on Index of Industrial Production
(2015 = 100)
|
|
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
|
CREDIT RISK EVALUATION &
RECOMMENDATION
|
|
Incorporated in 2010, the Subject is an Exempt Private company, focusing on
trading of scrap metal and waste materials. 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. A paid up capital
of SGD 1,536,652 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. Being a small company, the Subject's business operation
is supported by 15 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.
No financial accounts are available for analysis. As such, we are not able
to comment on the Subject's current financial standing.
The industry shows an upward trend and this trend is very likely to sustain
in the near terms.
In view of the above, we only recommend credit be proceeded to the Subject
with guarantee.
|
No latest financial accounts are available at the Registry Office.
|
