MIRA INFORM REPORT
|
Report Date : |
20.05.2011 |
IDENTIFICATION DETAILS
|
Name : |
AGILENT TECHNOLOGIES SINGAPORE PTE LTD |
|
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Formerly Known As : |
HEWLETT-PACKARD MEASUREMENT COMPANY PTE LTD |
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Registered Office : |
7 Temasek Boulevard #08-01 Suntec Tower One Singapore 038987 |
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Country : |
Singapore |
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Financials (as on) : |
31.10.2010 |
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Date of Incorporation : |
14.06.1999 |
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Com. Reg. No.: |
199903281G |
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Legal Form : |
Limited Private Company |
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Line of Business : |
Manufacture of wireless communications equipment |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Maximum Credit Limit : |
|
|
Status : |
Satisfactory |
|
Payment
Behaviour : |
No Complaints |
|
Litigation : |
Exists |
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 – March 31st, 2011
|
Country Name |
Previous Rating (31.12.2010) |
Current Rating (31.03.2011) |
|
Singapore |
a1 |
a1 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
|
Moderate |
B1 |
|
High |
B2 |
|
Very High |
C1 |
|
Restricted |
C2 |
|
Off-credit |
D |
Executive
Summary
Credit Recommendation
|
Recommended Credit Line |
: |
S$1,000,000 |
SHAREHOLDER DETAILS
|
: |
AGILENT TECHNOLOGIES CAYMAN ISLAND INC |
|
|
SHAREHOLDER ID |
: |
S99UF0100G |
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NATIONALITY |
: |
CAYMAN ISLANDS |
|
ADDRESS |
: |
HUNTLAW BUILDING P O BOX 2804 GEORGETOWN GRAND CAYMAN CAYMAN ISLANDS |
|
NO. OF ORD SHARES |
: |
1,000,000 |
|
% OF SHAREHOLDING |
: |
100% |
|
CURRENCY |
: |
SINGAPORE, DOLLARS |
OFFICER DETAILS
|
: |
GOOI
SOON CHAI |
|
|
ADDRESS |
: |
2
HALAMAN CANTONMENT, 10350 PENANG MALAYSIA |
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POSITION |
: |
DIRECTOR |
|
DATE OF APPT |
: |
05/10/2005 |
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NATIONALITY |
: |
MALAYSIAN |
|
I/C PASSPORT |
: |
A22777263 |
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|
||
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NAME |
: |
ROBIN
JAY YOUNG |
|
ADDRESS |
: |
39
MOUNT SINAI RISE #03-02 FONTANA HEIGHTS SINGAPORE 276957 |
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POSITION |
: |
DIRECTOR |
|
DATE OF APPT |
: |
01/08/2005 |
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NATIONALITY |
: |
CANADIAN |
|
I/C PASSPORT |
: |
BA298773 |
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|
||
|
NAME |
: |
CHEE
ENG CHUAN CHARLES |
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ADDRESS |
: |
22
WILBY ROAD #01-17 TESSARINA, THE SINGAPORE 276306 |
|
POSITION |
: |
DIRECTOR |
|
DATE OF APPT |
: |
03/08/2007 |
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NATIONALITY |
: |
SINGAPORE
CITIZEN |
|
I/C PASSPORT |
: |
S0035099J |
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|
||
|
NAME |
: |
TAN
LI HUANG MARY LYNNE |
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ADDRESS |
: |
50
GOLDHILL AVENUE #01-02 MOUNT ROSIE GARDEN SINGAPORE 309031 |
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POSITION |
: |
SECRETARY |
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DATE OF APPT |
: |
27/03/2000 |
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NATIONALITY |
: |
SINGAPORE
CITIZEN |
|
I/C PASSPORT |
: |
S1654258Z |
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|
||
|
NAME |
: |
YANG
ENG HUAT |
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ADDRESS |
: |
119
MARSILING RISE #06-132 SINGAPORE 730119 |
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POSITION |
: |
DIRECTOR |
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DATE OF APPT |
: |
03/08/2007 |
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NATIONALITY |
: |
SINGAPORE
CITIZEN |
|
I/C PASSPORT |
: |
S1745013A |
KEY PERSONNEL PROFILE
|
ROBIN JAY YOUNG |
|
|
NRIC Number: |
BA298773 |
|
Available Address: |
39 MOUNT SINAI RISE #03-02
FONTANA HEIGHTS SINGAPORE 276957 |
Current Business Interest
|
No. |
Name |
Position |
Appt Date |
#of Share |
% |
|
AGILENT TECHNOLOGIES SINGAPORE
(HOLDINGS) PTE. LTD. |
DIRECTOR |
01/08/2005 |
- |
- |
|
|
2 |
AGILENT TECHNOLOGIES SINGAPORE
(SALES) PTE. LTD. |
DIRECTOR |
15/11/2000 |
- |
- |
|
3 |
AGILENT TECHNOLOGIES SINGAPORE
PTE LTD |
DIRECTOR |
01/08/2005 |
- |
- |
|
4 |
AGILENT TECHNOLOGIES SINGAPORE
VISION OPERATION PTE LTD |
DIRECTOR |
01/08/2005 |
- |
- |
Previous Business
|
No. |
Name |
Status |
Position |
Appt Date |
Last Known
Inactive Date |
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Bankruptcy Record
|
Case
No. |
Year |
Date
of Filing |
Petitioner
Name |
Amount |
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Litigation Search – Writ of Summons
|
Court |
Case No. |
Year |
Date
of Filing |
Amount |
Cause
Category |
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SUBSIDIARIES AND ASSOCIATE
COMPANIES
|
Company |
Shareholdings (%) |
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BANKERS/ FINANCIERS
Subject
enjoys a normal banking routine with its bankers. To date, there are no bank charges
registered against Subject by its bankers.
LITIGATION
The
following litigation suits were traced against Subject. Case status is as per
available database. For the latest status of the suit, please obtain the full
details of the suit through Litigation Detail Search (DLIT) offered.
To date, there have been 2 litigation
suits filed against Subject.
The details are as follows:
|
Court |
: |
Supreme
Court |
|
|
|
Case
No. |
: |
1037 |
|
|
Date
of Filing |
: |
15/08/2001 |
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Amount
|
: |
1,529,989.00 |
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Cause |
: |
Contracts
- General |
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Case
Status |
: |
CONCLUDED |
|
|
Plaintiff |
: |
I2
TECHNOLOGIES (NETHERLANDS) B.V. |
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Last
Update Date |
: |
07/09/2005 |
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2) |
Court |
: |
District
Court |
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Case
No. |
: |
3542 |
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Date
of Filing |
: |
05/08/2003 |
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Amount
|
: |
0.00 |
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Cause |
: |
Contracts
- Employment |
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Case
Status |
: |
PENDING |
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Plaintiff |
: |
MICHAEL
FERRYMAN |
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Last
Update Date |
: |
07/09/2005 |
COMPLIANCE
|
Date of Last AGM |
: |
|
|
Date of Last AR |
: |
29/04/2011 |
|
Date of A/C Laid At Last AGM |
: |
31/10/2010 |
FINANCIAL HIGHLIGHTS
|
Financial Figures |
||||||
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|
OCT 2010 |
% Change |
OCT 2009 |
OCT 2008 |
OCT 2007 |
OCT 2006 |
|
Currency |
SGD - SIN |
|
SGD - SIN |
SGD - SIN |
SGD - SIN |
SGD - SIN |
|
Profit and Loss Key Figures |
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|
9,696,672 |
110.94 |
4,596,900 |
48,872,896 |
127,498,436 |
115,765,845 |
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|
Profit/(Loss) Before Tax |
4,821,504 |
-68.14 |
15,134,521 |
38,856,806 |
73,344,242 |
20,041,065 |
|
Profit After Tax attributable to
Shareholders |
(15,742,816) |
NA |
15,134,521 |
37,777,177 |
68,871,625 |
502,196,991 |
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Balance Sheet Key Figures |
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Total Assets |
796,716,384 |
-7.68 |
863,027,501 |
813,721,198 |
862,246,507 |
952,757,615 |
|
Current Assets |
721,204,256 |
400.15 |
144,198,717 |
123,250,621 |
113,500,631 |
157,333,451 |
|
Non Current Assets |
75,512,128 |
-89.50 |
718,828,784 |
690,470,577 |
748,745,876 |
795,424,164 |
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Total Liabilities |
11,539,136 |
41.16 |
8,174,551 |
9,961,265 |
35,000,583 |
74,137,148 |
|
Current Liabilities |
11,539,136 |
150.38 |
4,608,649 |
6,744,870 |
31,440,404 |
70,632,454 |
|
Non Current Liabilities |
0 |
-100.00 |
3,565,902 |
3,216,395 |
3,560,179 |
3,504,694 |
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|
|
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Shareholders' Funds |
785,177,248 |
-8.15 |
854,852,950 |
803,759,934 |
827,245,925 |
878,620,465 |
|
Share Capital |
217,025,472 |
-6.31 |
231,639,677 |
221,720,383 |
239,453,540 |
253,563,035 |
|
Total Reserves |
568,151,776 |
-8.84 |
623,213,273 |
582,039,551 |
587,792,385 |
625,057,430 |
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FINANCIAL RATIOS
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OCT
2010 |
OCT
2009 |
OCT
2008 |
OCT
2007 |
OCT
2006 |
|
Growth % |
|
|
|
|
|
|
110.94 |
-90.59 |
-61.67 |
10.13 |
NA |
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Profitability |
|
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Profit Margin (%) |
-162.35 |
329.23 |
77.30 |
54.02 |
433.80 |
|
Return on Equity (%) |
-2.01 |
1.77 |
4.70 |
8.33 |
57.16 |
|
Return on Assets (%) |
-1.98 |
1.75 |
4.64 |
7.99 |
52.71 |
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Leverage |
|
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Total Debt/Equity (Times) |
0.01 |
0.01 |
0.01 |
0.04 |
0.08 |
|
Current Debt/Equity (Times) |
0.01 |
0.01 |
0.01 |
0.04 |
0.08 |
|
Long Term Debt To Equity (Times) |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
|
Total Asset To Total Equity (Times) |
1.01 |
1.01 |
1.01 |
1.04 |
1.08 |
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Asset Management |
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Total Assets Turnover (Times) |
0.01 |
0.01 |
0.06 |
0.15 |
0.12 |
|
Fixed Assets Turnover (Times) |
0.13 |
0.01 |
0.07 |
0.17 |
0.15 |
|
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Liquidity |
|
|
|
|
|
|
Current Ratio (Times) |
62.50 |
31.29 |
18.27 |
3.61 |
2.23 |
|
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Profitability
We are unable to comment on
Subject's profitability as Subject posted losses for the financial year end
under review.
Liquidity
Current ratio stood at 62.50 times in FY10
(FY09: 31.29 times). This means that the company has SINGAPORE, DOLLARS 62.50
of current assets for every SINGAPORE, DOLLARS of current liability incurred.
A minimum figure of 1.0 would be considered the lowest limit that this
figure should reach. Any business that has a current ratio near 1.0 may be
heading for liquidity problems, and would need to be closely monitored. A
figure greater than 2.0 would be more desirable, to act as a buffer against any
short-term liquidity problems, and give creditors/bank managers a degree of comfort
when granting credit/finance.
Leverage
Total debt-to-equity ratio
notched 0.01 times in FY10, as compared with 0.01 times in FY09. This means
that the company requires additional external financing of SINGAPORE, DOLLARS
0.01 for every SINGAPORE, DOLLARS injected into its operations.
Generally, a total debt-to-equity ratio of less than 0.5
times is preferred. The ratio measures the proportion of the company's reliance
on external debt for financing, relative to the shareholder's fund. A lower
ratio would imply a greater financial safety and operating freedom for the
company.
Efficiency Ratio
We are unable to comment on Subject's return on equity as Subject posted losses for the financial year end
under review.
We are unable to comment on Subject's return on assets as Subject posted losses for the financial year end
under review.
Total assets turnover ratio logged at 0.01 times in FY10 (FY09: 0.01
times). This ratio measures the company's ability to make productive use of its
total assets to generate sales which reflects the efficiency of the management
in utilising its resources.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.44.98 |
|
UK Pound |
1 |
Rs.72.68 |
|
Euro |
1 |
Rs.64.16 |
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%)
This report is issued at your request without any
risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL)
or its officials.