MIRA INFORM REPORT
|
Report Date : |
30.05.2011 |
IDENTIFICATION DETAILS
|
Name : |
GETINGE SINGAPORE PTE. LTD. |
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Formerly Known As : |
GETINGE INTERNATIONAL FAR EAST PTE. LTD. |
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Registered Office : |
20 Bendemeer Road #06-02 Singapore 339914 |
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Country : |
Singapore |
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Financials (as on) : |
31.12.2009 |
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Date of Incorporation : |
22.12.2004 |
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Com. Reg. No.: |
200416493N |
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Legal Form : |
Limited Private Company |
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Line of Business : |
Activities of head and regional head offices |
RATING & COMMENTS
|
MIRA’s Rating : |
C |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
<10 |
C |
Absolute credit risk exists. Caution needed to be exercised |
Credit not
recommended |
|
Status : |
Poor |
|
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 – 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 |
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Very High |
C1 |
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Restricted |
C2 |
|
Off-credit |
D |
Executive Summary
|
: |
GETINGE SINGAPORE PTE.
LTD. |
|
|
Registration No |
: |
200416493N |
|
Date of Registration |
: |
22/12/2004 |
|
Former Name |
: |
GETINGE INTERNATIONAL FAR
EAST PTE. LTD. Eff. date : 22/12/2004 Eff. date : 22/12/2004 |
|
Date of Change of Name |
: |
06/10/2010 |
|
Type of Company |
: |
LIMITED PRIVATE COMPANY |
|
Registered Address |
: |
20 BENDEMEER ROAD #06-02
SINGAPORE 339914 |
|
Date of Change of Address |
: |
06/06/2006 |
|
Contact No. |
: |
NA |
|
Fax No. |
: |
NA |
|
Website |
: |
NA |
|
Registered Activities |
: |
1. ACTIVITIES OF HEAD AND
REGIONAL HEAD OFFICES 2. WHOLESALE OF MEDICAL,
PROFESSIONAL, SCIENTIFIC AND PRECISION EQUIPMENT TRADING OF HEALTHCARE AND
LIFE SCIENCE PRODUCTS |
|
Issued Ordinary Capital* |
: |
$50,000.00 SINGAPORE, DOLLARS
,NO. OF SHARE : 50,000 |
|
Issued Preference Capital |
: |
NA |
|
Paid-Up Ordinary Capital |
: |
$50,000.00 SINGAPORE,
DOLLARS |
|
Paid-Up Preference
Capital |
: |
NA |
|
* Number of Shares
includes number of Issued Treasury Shares |
||
|
Issued Treasury Capital |
: |
NA |
|
Paid-Up Treasury Capital |
: |
NA |
|
No. of Local Subsidiaries |
: |
NA |
|
No. of Local Associates |
: |
NA |
|
Auditor |
: |
PRICEWATERHOUSECOOPERS
LLP |
|
Bankers / Financiers |
: |
NA |
|
Turnover |
: |
SINGAPORE, DOLLARS 2,350,895.00
(FY2009) |
|
Net Worth |
: |
SINGAPORE, DOLLARS
509,644.00 (FY2009) |
|
No. of Bank Charges |
: |
NA |
|
No. of Litigation Suits |
: |
NA |
|
S1000 / SME 500 / FG50
Ranking |
: |
|
|
Compounded Annual Growth
Rate (CAGR) |
: |
9.15% (4
years) |
Credit Recommendation
|
Recommended Credit Line |
: |
No Recommendation |
SHAREHOLDER DETAILS
|
: |
GETINGE INTERNATIONAL AB |
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|
SHAREHOLDER ID |
: |
T05UF0788F |
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NATIONALITY |
: |
SWEDEN |
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ADDRESS |
: |
EKEBERGSVAGEN 26, BOX 69, 310 44 GETINGE, HALMSTAD |
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NO. OF ORD SHARES |
: |
50,000 |
|
% OF SHAREHOLDING |
: |
100% |
|
CURRENCY |
: |
SINGAPORE, DOLLARS |
OFFICER DETAILS
|
: |
ERIK
HARALD ROBERT CASTLER |
|
|
ADDRESS |
: |
BRODDESONSGATAN
22 SE 302 34 HALMSTAD SWEDEN |
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POSITION |
: |
DIRECTOR |
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DATE OF APPT |
: |
03/01/2005 |
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NATIONALITY |
: |
SWEDISH |
|
I/C PASSPORT |
: |
45090315 |
|
|
||
|
NAME |
: |
KARL
DAVID ROSEN |
|
ADDRESS |
: |
109
ELLIOT STREET HAWTHORNE QUEENSLAND 4171 AUSTRALIA |
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POSITION |
: |
DIRECTOR |
|
DATE OF APPT |
: |
03/03/2011 |
|
NATIONALITY |
: |
SWEDISH |
|
I/C PASSPORT |
: |
45821358 |
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|
||
|
NAME |
: |
DAG
ELMAR LEFF-HALLSTEIN |
|
ADDRESS |
: |
2A CORNWALL
GARDENS #01-20 CORNWALL, THE SINGAPORE 269678 |
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POSITION |
: |
DIRECTOR MANAGING
DIRECTOR |
|
DATE OF APPT |
: |
29/02/2008 29/02/2008 |
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NATIONALITY |
: |
SWEDISH |
|
I/C PASSPORT |
: |
F0619252K |
|
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||
|
NAME |
: |
LAU
KWOK WAI |
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ADDRESS |
: |
23
HILLVIEW AVENUE #10-02 SINGAPORE 669557 |
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POSITION |
: |
DIRECTOR SECRETARY |
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DATE OF APPT |
: |
22/12/2004 03/01/2005 |
|
NATIONALITY |
: |
SINGAPORE
P.R. |
|
I/C PASSPORT |
: |
S2661217I |
KEY PERSONNEL PROFILE
|
DAG ELMAR LEFF-HALLSTEIN |
|
|
NRIC Number: |
F0619252K |
|
Available Address: |
2A CORNWALL GARDENS #01-20
CORNWALL, THE SINGAPORE 269678 |
Current Business Interest
|
No. |
Name |
Position |
Appt Date |
#of Share |
% |
|
GETINGE SINGAPORE PTE. LTD. |
DIRECTOR |
29/02/2008 |
- |
- |
|
|
2 |
GETINGE SINGAPORE PTE. LTD. |
MANAGING DIRECTOR |
29/02/2008 |
- |
- |
Previous Business
|
No. |
Name |
Status |
Position |
Appt Date |
Last Known
Inactive Date |
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Bankruptcy Record
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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
COMPLIANCE RECORDS
|
Date of Last AGM |
: |
|
|
Date of Last AR |
: |
06/09/2010 |
|
Date of A/C Laid At Last AGM |
: |
31/12/2009 |
FINANCIAL HIGHLIGHTS
|
Financial Figures |
||||||
|
|
DEC 2009 |
% Change |
DEC 2008 |
DEC 2007 |
DEC 2006 |
DEC 2005 |
|
Currency |
SGD - SIN |
|
SGD - SIN |
SGD - SIN |
SGD - SIN |
SGD - SIN |
|
Profit and Loss Key Figures |
|
|
|
|
|
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|
2,350,895 |
-12.56 |
2,688,690 |
2,331,449 |
2,112,340 |
1,656,484 |
|
|
Profit/(Loss) Before Tax |
114,144 |
-10.79 |
127,954 |
105,857 |
100,642 |
78,919 |
|
Profit After Tax attributable to
Shareholders |
103,342 |
-13.45 |
119,407 |
90,435 |
80,310 |
66,150 |
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Balance Sheet Key Figures |
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Total Assets |
1,165,221 |
0.20 |
1,162,912 |
950,109 |
754,424 |
586,434 |
|
Current Assets |
1,140,342 |
1.70 |
1,121,243 |
890,379 |
676,779 |
531,298 |
|
Non Current Assets |
24,879 |
-40.29 |
41,669 |
59,730 |
77,645 |
55,136 |
|
|
|
|
|
|
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Total Liabilities |
655,577 |
-13.35 |
756,610 |
663,214 |
557,964 |
470,284 |
|
Current Liabilities |
650,793 |
-13.44 |
751,826 |
654,977 |
551,728 |
467,518 |
|
Non Current Liabilities |
4,784 |
0.00 |
4,784 |
8,237 |
6,236 |
2,766 |
|
|
|
|
|
|
|
|
|
Shareholders' Funds |
509,644 |
25.43 |
406,302 |
286,895 |
196,460 |
116,150 |
|
Share Capital |
50,000 |
0.00 |
50,000 |
50,000 |
50,000 |
50,000 |
|
Total Reserves |
459,644 |
29.00 |
356,302 |
236,895 |
146,460 |
66,150 |
FINANCIAL RATIOS
|
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|||||
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|
DEC
2009 |
DEC
2008 |
DEC
2007 |
DEC
2006 |
DEC
2005 |
|
Growth % |
|
|
|
|
|
|
-12.56 |
15.32 |
10.37 |
27.52 |
NA |
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Profitability |
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Profit Margin (%) |
4.40 |
4.44 |
3.88 |
3.80 |
3.99 |
|
Return on Equity (%) |
20.28 |
29.39 |
31.52 |
40.88 |
56.95 |
|
Return on Assets (%) |
8.87 |
10.27 |
9.52 |
10.65 |
11.28 |
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Leverage |
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Total Debt/Equity (Times) |
1.29 |
1.86 |
2.31 |
2.84 |
4.05 |
|
Current Debt/Equity (Times) |
1.28 |
1.85 |
2.28 |
2.81 |
4.03 |
|
Long Term Debt To Equity (Times) |
0.01 |
0.01 |
0.03 |
0.03 |
0.02 |
|
Total Asset To Total Equity (Times) |
2.29 |
2.86 |
3.31 |
3.84 |
5.05 |
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Asset Management |
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Total Assets Turnover (Times) |
2.02 |
2.31 |
2.45 |
2.80 |
2.82 |
|
Fixed Assets Turnover (Times) |
94.49 |
64.52 |
39.03 |
27.21 |
30.04 |
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Liquidity |
|
|
|
|
|
|
Current Ratio (Times) |
1.75 |
1.49 |
1.36 |
1.23 |
1.14 |
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FINANCIAL
COMMENTARY
Compound Annual Growth Rate
The company's CAGR is 9.15% (4 years).
CAGR is the year-over-year growth rate of a company
over a specified period. Instead of looking at the average growth rate, CAGR
allow users to look at the annualized growth rate of a company over a given
period, a more indicative measure of growth of a company’s performance over a
given period.
Profitability
The
company yielded a rate of net profit on sales of 4.40 per cent in FY09 (FY08:
4.44 per cent). The company is now able to book in SINGAPORE, DOLLARS 0.04 of profit
for every SINGAPORE, DOLLARS of sales in FY09, as compared with SINGAPORE,
DOLLARS 0.04 a year ago.
Liquidity
Current ratio
stood at 1.75 times in FY09 (FY08: 1.49 times). This means that the company has
SINGAPORE, DOLLARS 1.75 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 1.29 times in FY09, as compared with 1.86 times in
FY08. This means that the company requires additional external financing of
SINGAPORE, DOLLARS 1.29 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
Return on equity was 20.28 per cent for
Subject in the current financial period, as compared to 29.39 per cent a year ago.
The return on equity measures the return earned on the owner's investment. Generally, the higher this return, the better
off the owner.
Return on assets stood at 8.87 per cent (FY08: 10.27 per cent). The
return on asset measures the overall effectiveness of management in generating
profit with its available assets.
Total assets turnover ratio logged at 2.02 times in FY09 (FY08: 2.31
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.45.21 |
|
UK Pound |
1 |
Rs.74.31 |
|
Euro |
1 |
Rs.64.40 |
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.