MIRA INFORM REPORT

Report Date :

21.10.2011

IDENTIFICATION DETAILS

Name :	PHILIPS ELECTRONICS HONG KONG LTD
Registered Office :	5/F, Three Pacific Place, 1 Queen's Road East, Wanchai
Country :	Hong Kong
Year of Establishment :	1948
Legal Form :	Private Subsidiary Company
Line of Business :	Subject provides products and solutions for various sectors, such as healthcare, lighting and consumer lifestyle

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

Status :	Satisfactory
Payment Behaviour :	No Complaints
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 – September 30^th, 2011

Country Name	Previous Rating (30.06.2011)	Current Rating (30.09.2011)
Hong Kong	a2	a2

Risk Category	ECGC Classification
Insignificant	A1
Low	A2
Moderate	B1
High	B2
Very High	C1
Restricted	C2
Off-credit	D

Company name & address

Philips Electronics Hong Kong Ltd

5/F, Three Pacific Place

1 Queen's Road East

Wanchai,

Hong Kong

Tel: 2821 5888

Fax: 2861 3578

Web: www.philips.com.hk/index.page

synthesis

Employees: NA

Company Type: Private Subsidiary

Corporate Family: 315 Companies

Ultimate Parent: Koninklijke Philips Electronics NV

Incorporation Date: 1948

Financials in: USD (Millions)

Reporting Currency: US Dollar

Annual Sales: 1.0

Total Assets: NA

Business Description

Founded in 1948, Philips Electronics Hong Kong Ltd. is one of the leading electronics companies in Australia. The company provides products and solutions for various sectors, such as healthcare, lighting and consumer lifestyle. Its product portfolio includes televisions, recorders, CD players, plasma screens, audio systems, web cameras, cables, connectors, monitors, coffeemakers, keyboards, and cordless and mobile phones. In addition, it manufactures a range of imaging and home healthcare systems. The company also sells a range of lighting products, including bulbs, lamps, torch lights, and home luminaries and systems.

Industry

Industry Audio and Video Equipment

ANZSIC 2006: 2429 - Other Electronic Equipment Manufacturing

NACE 2002: 3230 - Manufacture of television and radio receivers, sound or video recording or reproducing

apparatus and associated goods

NAICS 2002: 33431 - Audio and Video Equipment Manufacturing

UK SIC 2003: 3230 - Manufacture of television and radio receivers, sound or video recording or reproducing

apparatus and associated goods

US SIC 1987: 3651 - Household Audio and Video Equipment

Key Executives

Name	Title
Wiebo Vaartjes	Chief Executive Officer
Yeung Chiu	Manager-Brand & Corporate Communications
Donough Foley	Manager-Communications

1 - Profit & Loss Item Exchange Rate: USD 1 = USD 1

2 - Balance Sheet Item Exchange Rate: USD 1 = USD 1

Corporate Overview

Location

5/F, Three Pacific Place

1 Queen's Road East

Wanchai, Hong Kong

Tel: 2821 5888

Fax: 2861 3578

Web www.philips.com.hk

Sales USD(mil): 1.0

Assets USD(mil): NA

Employees: NA

Industry: Audio and Video Equipment

Incorporation Date: 1948

Company Type: Private Subsidiary

Quoted Status: Not Quoted

Chief Executive Officer: Wiebo Vaartjes

Contents

· Industry Codes

· Business Description

· Financial Data

Industry Codes

ANZSIC 2006 Codes:

2439 - Other Electrical Equipment Manufacturing

2429 - Other Electronic Equipment Manufacturing

2432 - Electric Lighting Equipment Manufacturing

NACE 2002 Codes:

3162 - Manufacture of other electrical equipment not elsewhere classified

3150 - Manufacture of lighting equipment and electric lamps

3230 - Manufacture of television and radio receivers, sound or video recording or reproducing apparatus

and associated goods

NAICS 2002 Codes:

33431 - Audio and Video Equipment Manufacturing

33599 - All Other Electrical Equipment and Component Manufacturing

33512 - Lighting Fixture Manufacturing

US SIC 1987:

362 - Electrical Industrial Apparatus

3651 - Household Audio and Video Equipment

364 - Electric Lighting and Wiring Equipment

UK SIC 2003:

3230 - Manufacture of television and radio receivers, sound or video recording or reproducing apparatus and associated goods

3162 - Manufacture of other electrical equipment not elsewhere classified

3150 - Manufacture of lighting equipment and electric lamps

Business Description

Founded in 1948, Philips Electronics Hong Kong Ltd. is one of the leading electronics companies in Australia. The company provides products and solutions for various sectors, such as healthcare, lighting and consumer lifestyle. Its product portfolio includes televisions, recorders, CD players, plasma screens, audio systems, web cameras, cables, connectors, monitors, coffeemakers, keyboards, and cordless and mobile phones. In addition, it manufactures a range of imaging and home healthcare systems. The company also sells a range of lighting products, including bulbs, lamps, torch lights, and home luminaries and systems.

More Business Descriptions

· Royal Philips Electronics (Netherlands) is one of the largest electronics companies in the world, founded and headquartered in the Netherlands. Philips is organised into a number of divisions: Philips Consumer Electronics, Philips Lighting, Philips Medical Systems and Philips Domestic Appliances and Personal Care.

· Audio and Video Equipment Manufacturing

Financial Data

Financials in:	USD(mil)
Revenue:	1.0

1 Year Growth

NA

Corporate Family	Corporate Structure News:
	Koninklijke Philips Electronics NV Philips Electronics Hong Kong Ltd
Philips Electronics Hong Kong Ltd Total Corporate Family Members: 315 Excluded Small Branches and/or Trading Addresses: 65 (Available via export)

Company Name	Company Type	Location	Country	Industry	Sales (USD mil)	Employees
Koninklijke Philips Electronics NV	Parent	Amsterdam	Netherlands	Audio and Video Equipment	33,664.1	123,857
Acquisition of Grupo Indal S.A. proposed/announced.See corporate structure news on Koninklijke Philips Electronics NV for details
Philips Medical Systems	Subsidiary	DA Best	Netherlands	Medical Equipment and Supplies	9,113.7	32,843
Mohamed Fakhroo & Bros WLL	Affiliates	Manama	Bahrain	Retail (Specialty)	2.0	55
Almana and Partners WLL	Affiliates	Doha	Qatar	Office Equipment
Philips Consumer Lifestyle BV	Subsidiary	Amsterdam	Netherlands	Audio and Video Equipment	11,821.2	18,400
Philips Deutschland GmbH	Subsidiary	Hamburg	Germany	Electronic Instruments and Controls	4,711.5	7,920
Philips Intellectual Property & Standards GmbH	Subsidiary	Hamburg, Hamburg	Germany	Consumer Financial Services		31
Philips Technologie GmbH	Subsidiary	Hamburg, Hamburg	Germany	Appliance and Tool	1,282.1	7,200
Philips Medical Systems DMC GmbH	Subsidiary	Hamburg, Hamburg	Germany	Medical Equipment and Supplies	432.0	11,200
Philips Mexicana, S.A. de C.V.	Subsidiary	Huixquilucan, Estado de México	Mexico	Electronic Instruments and Controls	1,871.3	7,000
Lumisistemas de México S.A. de C.V.	Subsidiary	Naucalpan, Estado De Mexico	Mexico	Electronic Instruments and Controls	20.0	750
Philips Lighting Poland S.A.	Subsidiary	Pila	Poland	Electronic Instruments and Controls	1,323.8	5,825
Philips Electronics & Lighting Inc	Subsidiary	Makati , Metro Manila	Philippines	Furniture and Fixtures	750.0	5,000
Philips Electronics India Ltd	Subsidiary	Kolkata	India	Furniture and Fixtures	677.2	4,500
Philips France	Subsidiary	Suresnes	France	Audio and Video Equipment	3,771.7	3,499
Philips Eclairage S.A.	Subsidiary	Suresnes Cedex	France	Electronic Instruments and Controls	875.0
Philips Indonesia, PT	Subsidiary	Jakarta	Indonesia	Electronic Instruments and Controls		2,500
Philips Electronics Singapore Pte LTD	Subsidiary	Singapore	Singapore	Furniture and Fixtures	1,508.9	2,466
Philips Electronics UK Ltd.	Subsidiary	Ashford	United Kingdom	Appliance and Tool	1,126.4	2,077
Philips Lighting Ltd.	Subsidiary	Hamilton	United Kingdom	Nonclassifiable Industries		327
Ecs Lighting Controls Ltd.	Subsidiary	Guildford	United Kingdom	Nonclassifiable Industries
Philips Medical Systems Uk Ltd.	Subsidiary	Guildford	United Kingdom	Healthcare Facilities
Pyecam Co. Ltd.	Subsidiary	Guildford	United Kingdom	Nonclassifiable Industries
Philips Components Ltd.	Subsidiary	Hamilton	United Kingdom	Nonclassifiable Industries
Philips Impex Ltd.	Subsidiary		United Kingdom	Personal Services
Philips Lamps And Luminaires Ltd.	Subsidiary	Guildford	United Kingdom	Appliance and Tool
Mullard Ltd.	Subsidiary	Guildford	United Kingdom	Nonclassifiable Industries
Pye (Electronic Products) Ltd.	Subsidiary	Guildford	United Kingdom	Nonclassifiable Industries
Philips Pension Trustees Ltd.	Subsidiary	Guildford	United Kingdom	Investment Services
Philips Trustee Co. Ltd.	Subsidiary	Guildford	United Kingdom	Business Services
Philips Lumileds Lighting Company Sdn Bhd	Subsidiary	Bayan Lepas, Pulau	Malaysia	Electronic Instruments and Controls	271.4	2,000
Philips Magyarország Kereskedelmi Kft	Subsidiary	Budapest	Hungary	Audio and Video Equipment	2,887.9	1,344
Philips Automobile Lighting Hubei Co.,Ltd.	Subsidiary	Jingzhou City, Hu Bei	China	Electronic Instruments and Controls	46.8	1,178
Philips Magyarország Kft	Subsidiary	Budapest	Hungary	Miscellaneous Capital Goods	1,000.0	1,000
Philips Electronics (Thailand) Ltd	Subsidiary	Bangkok	Thailand	Furniture and Fixtures	750.0	1,000
Philips Lifeline Inc	Subsidiary	Framingham, MA	United States	Scientific and Technical Instruments	116.2	1,000
NXP Semiconductors Malaysia Sdn Bhd	Subsidiary	negeri Sembilan, Sarawak	Malaysia	Miscellaneous Capital Goods		1,000
Philips Electronics Japan Ltd.	Subsidiary	Tokyo	Japan	Electronic Instruments and Controls	1.0	952
Saeco International Group SpA	Subsidiary	Gaggio Montano, BO	Italy	Appliance and Tool	461.8	831
Saeco Vending SpA	Subsidiary	Gaggio Montano, Bologna	Italy	Miscellaneous Capital Goods	71.0	196
Saecopor - Importação E Comércio De Aparelhos Eléctricos, Unipessoal, LDA	Subsidiary	Maia	Portugal	Appliance and Tool	5.8	37
Saeco GmbH	Subsidiary	Eigeltingen, Baden-Württemberg	Germany	Appliance and Tool	132.7	30
Tecna SRL	Subsidiary	Grizzana Morandi, Bologna	Italy	Miscellaneous Fabricated Products	3.1	16
Philips Iberica Sa	Subsidiary	Madrid	Spain	Electronic Instruments and Controls	815.0	748
Philips Electronics Ltd.	Subsidiary	Markham, ON	Canada	Electronic Instruments and Controls	509.2	700
Philips Lifeline Systems Canada	Subsidiary	North York, ON	Canada	Medical Equipment and Supplies		52
Philips Lighting	Subsidiary	Markham, ON	Canada	Furniture and Fixtures		30
Philips AG	Subsidiary	Zürich	Switzerland	Electronic Instruments and Controls	208.3	700
Philips Medizin Systeme Böblingen GmbH	Subsidiary	Böblingen, Baden-Württemberg	Germany	Medical Equipment and Supplies		700
Philips Lighting China (Xiamen) Co.,Ltd.	Subsidiary	Xiamen City, Fu Jian	China	Furniture and Fixtures	49.1	626
Philips Oral Healthcare Inc.	Subsidiary	Snoqualmie, WA	United States	Medical Equipment and Supplies	139.4	600
Philips Austria GmbH	Subsidiary	Wien	Austria	Audio and Video Equipment	290.8	510
Philips Lighting	Subsidiary	North Ryde , NSW	Australia	Electronic Instruments and Controls	29.2	500
Philips Medizin Systeme GmbH	Subsidiary	Hamburg	Germany	Medical Equipment and Supplies	75.0	490
Philips SpA	Subsidiary	Milano, MI	Italy	Audio and Video Equipment	1,166.7	470
Philips Ultrasound Inc	Subsidiary	Reedsville, PA	United States	Electronic Instruments and Controls	81.6	400
Philips IPSC Tamási Kft	Subsidiary	Tamási	Hungary	Furniture and Fixtures		400
Philips Electronics Australia Ltd	Subsidiary	North Ryde, NSW	Australia	Audio and Video Equipment	231.8	365
Philips Oy	Subsidiary	Espoo	Finland	Appliance and Tool	143.5	361
Philips Electronics China Group	Subsidiary	Shanghai, Shanghai	China	Miscellaneous Capital Goods	77.0	350
Philips AB	Subsidiary	Stockholm	Sweden	Electronic Instruments and Controls	435.0	323
Philips Respironics	Subsidiary	Murrysville, PA	United States	Scientific and Technical Instruments	1,195.0	300
Respironics Inc	Branch	Murrysville, PA	United States	Medical Equipment and Supplies	161.0	500
Respironics Inc	Branch	Kennesaw, GA	United States	Medical Equipment and Supplies	269.1	450
Respironics Inc	Branch	Wallingford, CT	United States	Medical Equipment and Supplies	64.4	200
Respironics Ltd	Subsidiary	Guildford	United Kingdom	Commercial Banks		113
Profile Pharma Ltd.	Subsidiary	Guildford	United Kingdom	Chemical Manufacturing	15.9	10
Respironics (Uk) Ltd.	Subsidiary	Bognor Regis	United Kingdom	Medical Equipment and Supplies
Respironics Respiratory Drug Delivery (Uk) Ltd	Subsidiary	Bognor Regis	United Kingdom	Medical Equipment and Supplies
Respironics Inc	Subsidiary	Wallingford, CT	United States	Medical Equipment and Supplies	32.2	100
Respironics Inc	Branch	Carlsbad, CA	United States	Medical Equipment and Supplies	20.9	65
Respironics Inc	Branch	Cedar Grove, NJ	United States	Medical Equipment and Supplies	17.4	54
Philips Respironics	Subsidiary	Bend, OR	United States	Medical Equipment and Supplies	16.1	50
Respironics Deutschland GmbH & Co. KG	Subsidiary	Herrsching A. Ammersee, Bayern	Germany	Medical Equipment and Supplies	74.2	46
Respironics (Ireland) Limited	Subsidiary	Dublin	Ireland	Medical Equipment and Supplies	9.5	41
Respironics Inc	Branch	Monroeville, PA	United States	Medical Equipment and Supplies	16.4	40
J.H. Emerson Co.	Subsidiary	Cambridge, MA	United States	Medical Equipment and Supplies		20
Philips Electronics Korea Ltd	Subsidiary	Seoul	Korea, Republic of	Medical Equipment and Supplies	265.7	270
Philips Danmark A/S	Subsidiary	København V	Denmark	Electronic Instruments and Controls	264.5	253
Discus Dental Inc	Subsidiary	Culver City, CA	United States	Medical Equipment and Supplies	350.0	250
Westside Packaging Inc	Subsidiary	Ontario, CA	United States	Medical Equipment and Supplies	51.5	160
Brite Smile	Branch	Miami, FL	United States	Medical Equipment and Supplies	15.0	25
Brite Smile	Branch	Ontario, CA	United States	Medical Equipment and Supplies	13.2	22
ZAP Lasers	Subsidiary	Pleasant Hill, CA	United States	Medical Equipment and Supplies	3.9	12
Philips Belgium	Subsidiary	Bruxelles	Belgium	Audio and Video Equipment	383.2	241
Philips Innovative Applications	Subsidiary	Bruxelles	Belgium	Construction - Supplies and Fixtures	712.2	2,118
Massive	Subsidiary	Kontich	Belgium	Construction - Supplies and Fixtures	351.4	446
Garage De Bock	Subsidiary	Laarne	Belgium	Business Services	0.0
Inra In Belgium	Subsidiary	Bruxelles	Belgium	Business Services	2.3	34
Pits	Subsidiary	Bruxelles	Belgium	Electronic Instruments and Controls	4.0	25
Ternaco	Subsidiary	Ternat	Belgium	Construction Services	5.3	13
Le Josaphat	Subsidiary	Bruxelles	Belgium	Retail (Grocery)	2.4	6
Industrie Distribution Levage	Subsidiary	Fleurus	Belgium	Construction - Supplies and Fixtures	0.0	5
Multifuture	Subsidiary	Antwerpen	Belgium	Retail (Department and Discount)	31.3	1
Philips Services	Subsidiary	Bruxelles	Belgium	Business Services	6.0
Philips Properties	Subsidiary	Bruxelles	Belgium	Real Estate Operations	5.7
Philips Estate	Subsidiary	Bruxelles	Belgium	Business Services	1.9
Entreprises Generales Jacques Delhez	Subsidiary	Ocquier	Belgium	Construction Services	0.0
Philips Industries Korea Ltd	Subsidiary	Seoul, Seoul	Korea, Republic of	Miscellaneous Capital Goods		207
Philips Argentina S.A.	Subsidiary	Buenos Aires	Argentina	Electronic Instruments and Controls	150.0	200
Fábrica Austral de Productos	Subsidiary	RÃo Grande	Argentina	Miscellaneous Capital Goods	75.0
Philips Venezuela	Subsidiary	Caracas, Miranda	Venezuela	Appliance and Tool	44.0	200
Philips Electronics Vietnam Ltd	Subsidiary	Ho Chi Minh City	Viet Nam	Electronic Instruments and Controls	25.0	200
Philips Ceská republika s.r.o.	Subsidiary	Praha	Czech Republic	Appliance and Tool	215.5	179
Philips Hellas SA	Subsidiary	Athens	Greece	Appliance and Tool	194.2	175
Philips Lighting	Subsidiary	Burnaby, BC	Canada	Business Services	13.5	160
Philips Electronics North America	Subsidiary	Andover, MA	United States	Audio and Video Equipment	39,275.3	150
Philips Lighting US	Subsidiary	Somerset, NJ	United States	Electronic Instruments and Controls	510.0	500
Philips Day-Brite Capri Omega	Branch	Tupelo, MS	United States	Furniture and Fixtures	214.0	1,000
Philips Lighting	Branch	Bath, NY	United States	Miscellaneous Capital Goods	637.2	675
Philips Lighting	Branch	Salina, KS	United States	Electronic Instruments and Controls	109.2	500
Philips Lumileds Lighting Co	Subsidiary	San Jose, CA	United States	Electronic Instruments and Controls	40.3	470
Philips Lumileds	Branch	Penang	Malaysia	Furniture and Fixtures
Genlyte-Lightolier	Branch	Wilmington, MA	United States	Electronic Instruments and Controls	248.0	325
Philips Advance Lighting Electronics	Subsidiary	Rosemont, IL	United States	Electronic Instruments and Controls	625.0	300
Phillips Lighting Co	Branch	Rosemont, IL	United States	Electronic Instruments and Controls	190.8	250
Lumec Inc	Subsidiary	Boisbriand, QC	Canada	Electronic Instruments and Controls	21.4	250
Hadco	Branch	Littlestown, PA	United States	Furniture and Fixtures	59.9	201
Philips Emergency Lighting	Branch	Collierville, TN	United States	Business Services	18.0	186
Philips Color Kinetics Inc	Branch	Burlington, MA	United States	Furniture and Fixtures	27.8	130
Philips Lighting	Branch	Memphis, TN	United States	Electronic Instruments and Controls	95.4	125
Philips Lightolier Translite	Branch	Shelby, NC	United States	Electronic Instruments and Controls	34.7	100
Crescent Lighting	Branch	Union, NJ	United States	Furniture and Fixtures	21.4	100
Stonco Lighting	Branch	Union, NJ	United States	Retail (Specialty)	15.7	100
Day-Brite Canada	Subsidiary	Markham, ON	Canada	Electronic Instruments and Controls	84.3	90
Guth Lighting	Branch	St Louis, MO	United States	Furniture and Fixtures	22.4	75
Hadco	Branch	San Marcos, TX	United States	Electronic Instruments and Controls	20.8	60
Philips Lighting	Branch	Louisville, KY	United States	Electronic Instruments and Controls	1,252.2	50
Genlyte Thomas Group L.L.C.	Joint Venture	Louisville, KY	United States	Furniture and Fixtures		5,300
Genlyte Thomas Group, LLC/ Day-Brite Lighting Division	Division	Tupelo, MS	United States	Furniture and Fixtures		875
Lightolier Inc	Joint Venture	Fall River, MA	United States	Electronic Instruments and Controls	457.8	600
Chloride Systems	Joint Venture	Burgaw, NC	United States	Electronic Instruments and Controls	30.0	150
Wide-Lite	Subsidiary	San Marcos, TX	United States	Miscellaneous Fabricated Products	27.2	140
Carsonite Composites	Subsidiary	Newberry, SC	United States	Fabricated Plastic and Rubber	23.8	105
Light Guard	Joint Venture	Burgaw, NC	United States	Furniture and Fixtures
Forecast	Branch	Elgin, IL	United States	Retail (Specialty)	9.3	50
Canlyte Inc	Subsidiary	Lachine, QC	Canada	Electronic Instruments and Controls	15.6	40
Lightolier Inc	Branch	Norwich, CT	United States	Furniture and Fixtures	7.1	33
Philips Lighting	Branch	Ontario, CA	United States	Electronic Instruments and Controls	22.9	30
Alkco Lighting Co	Branch	Franklin Park, IL	United States	Furniture and Fixtures	6.4	30
Ardee Lighting	Branch	Shelby, NC	United States	Electronic Instruments and Controls	19.1	25
Philips Lighting	Branch	Farmington Hills, MI	United States	Retail (Specialty)	4.7	25
Genlyte Thomas Group	Branch	Fontana, CA	United States	Furniture and Fixtures	4.9	23
Philips Roadway Lighting	Branch	Rosemont, IL	United States	Electronic Instruments and Controls	15.3	20
Lightolier Inc	Branch	Cerritos, CA	United States	Electronic Instruments and Controls	15.3	20
Philips Research North America	Subsidiary	Briarcliff Manor, NY	United States	Electronic Instruments and Controls	142.8	125
Philips Consumer Lifestyle	Subsidiary	Stamford, CT	United States	Retail (Specialty)		110
Philips Norelco Consumer Products Co	Subsidiary	Stamford, CT	United States	Miscellaneous Capital Goods	350.0	120
PHILLIPS Saeco	Branch	Cleveland, OH	United States	Miscellaneous Capital Goods	26.1	48
SuperPower Inc	Subsidiary	Schenectady, NY	United States	Electronic Instruments and Controls	19.0	70
Philips Malaysia Sdn Bhd	Subsidiary	Petaling Jaya, Selangor	Malaysia	Audio and Video Equipment	96.9	150
Philips Medizinische Systeme GesmbH	Subsidiary	Wien, Wien	Austria	Medical Equipment and Supplies	77.5	130
PLDS Germany GmbH	Subsidiary	Wetzlar, Hessen	Germany	Electronic Instruments and Controls	82.6	115
Philips Portuguesa SA	Subsidiary	Linda-a-Velha	Portugal	Electronic Instruments and Controls	146.5	113
Trio Leuchten GmbH	Subsidiary	Arnsberg, Nordrhein-Westfalen	Germany	Construction - Supplies and Fixtures	46.0	110
Philips South Africa (Pty.) Limited	Subsidiary	Martindale	South Africa	Engineering Consultants		110
Modular Lighting Instruments	Subsidiary	Rumbeke	Belgium	Electronic Instruments and Controls	34.9	108
Podium	Subsidiary	Sint-Katelijne-Waver	Belgium	Miscellaneous Capital Goods	2.6	6
Philips Electronics Ireland Limited	Subsidiary	Dublin	Ireland	Electronic Instruments and Controls	91.8	105
Silicon & Software Systems Limited	Subsidiary	Dublin	Ireland	Computer Networks	25.8	252
Acacia Semiconductor, S.A.	Subsidiary	Caparica	Portugal	Electronic Instruments and Controls
Philips Accounting Services Limited	Subsidiary	Dublin	Ireland	Business Services	0.1	1
Larestine Ireland Limited	Subsidiary	Dublin	Ireland	Real Estate Operations	0.8
The Irish Development Company Limited	Subsidiary	Dublin	Ireland		0.2
Tineney Ireland Limited	Subsidiary	Dublin	Ireland	Miscellaneous Financial Services	0.0
Philips Indonesia, PT	Subsidiary	Jakarta, Jakarta	Indonesia	Miscellaneous Capital Goods	18.0	100
Philips Chilena S.A.	Subsidiary	Providencia, Santiago	Chile	Food Processing	33.0	97
Dameca a/s	Subsidiary	Rødovre	Denmark	Medical Equipment and Supplies	0.0	80
Recently acquired (previously owned by Schramm Holding ApS).See corporate structure news on Koninklijke Philips Electronics NV for details
Phillips Optimum Lighting	Subsidiary	Henderson, NC	United States	Electronic Instruments and Controls	53.4	70
Recently acquired (previously owned by Optimum Lighting LLC).See corporate structure news on Koninklijke Philips Electronics NV for details
Philips Norge AS	Subsidiary	Oslo	Norway	Appliance and Tool	110.6	57
Luceplan SpA	Subsidiary	Milano, Milano (Milan)	Italy	Construction - Supplies and Fixtures		57
Modular Lighting Nederland B.V.	Subsidiary	Amstelveen, Noord-Holland	Netherlands	Construction - Supplies and Fixtures		55
Saeco Iberica Sa	Subsidiary	Cornella De Llobregat, Barcelona	Spain	Retail (Specialty)	20.9	51
Burton Medical Products	Subsidiary	Chatsworth, CA	United States	Medical Equipment and Supplies	21.8	50
Philips Bratislava	Subsidiary	Bratislava	Slovakia	Medical Equipment and Supplies	13.0	50
Ilti Luce SRL	Subsidiary	Torino, Torino (Turin)	Italy	Construction - Supplies and Fixtures	8.3	50
Philips Dynalite	Subsidiary	Fyshwick , ACT	Australia	Electronic Instruments and Controls	3.3	50
Philips Electronics	Subsidiary	San Diego, CA	United States	Medical Equipment and Supplies	12.9	40
Teletrol Systems Inc	Subsidiary	Manchester, NH	United States	Scientific and Technical Instruments	10.1	37
Medsage Technologies	Subsidiary	Wilkinsburg, PA	United States	Healthcare Facilities	10.7	35
Recently acquired (previously owned by Medsage Technologies LLC).See corporate structure news on Koninklijke Philips Electronics NV for details
Saeco AG	Subsidiary	Oensingen, Solothurn	Switzerland	Retail (Specialty)		35
Rcs - Sistemas De Controlo Remoto, S.A.	Subsidiary	São João Ovr	Portugal	Miscellaneous Fabricated Products	24.4	34
Standard Communications/ Satellite & Broadband	Subsidiary	Torrance, CA	United States	Communications Equipment		32
Medith Oy	Subsidiary	Espoo	Finland	Personal and Household Products	3.4	28
Gaggia SpA	Subsidiary	Robecco Sul Naviglio, Milano (Milan)	Italy	Appliance and Tool		27
Stichting Philips Pensioenfonds	Subsidiary	Eindhoven, Noord-Brabant	Netherlands	Investment Services		26
Traxtal Inc	Subsidiary	Toronto, ON	Canada	Medical Equipment and Supplies	5.6	25
Adac Laboratories Europe B.V.	Subsidiary	Eindhoven, Noord-Brabant	Netherlands	Medical Equipment and Supplies		25
Philips Lumileds Lighting Co. (Holding) B.V.	Subsidiary	Eindhoven, Noord-Brabant	Netherlands	Construction - Supplies and Fixtures	319.0	17
Respironics Sweden AB	Subsidiary	Solna, Stockholm	Sweden	Medical Equipment and Supplies	7.4	17
Plds Netherlands B.V.	Subsidiary	Eindhoven, Noord-Brabant	Netherlands	Electronic Instruments and Controls		14
VISICU, Inc.	Subsidiary	Baltimore, MD	United States	Retail (Technology)	3.8	11
Philips Luxembourg SA	Subsidiary	Luxembourg	Luxembourg	Appliance and Tool		10
Philips Consumer Electronics Export B.V.	Subsidiary	Eindhoven, Noord-Brabant	Netherlands	Electronic Instruments and Controls		7
Emergin Inc	Subsidiary	Boca Raton, FL	United States	Retail (Technology)	1.0	3
Avelingen Licht Holding B.V.	Subsidiary	Eindhoven, Noord-Brabant	Netherlands	Business Services		3
Zhuhai Philips Household Electric Appliance Co.,Ltd.	Subsidiary	Zhuhai City, Guang Dong	China	Miscellaneous Capital Goods	365.1	2
Philips do Brasil Ltda.	Subsidiary	São Paulo, SP	Brazil	Electronic Instruments and Controls	625.0
Philips da Amazônia Indústria Eletrônica Ltda.	Subsidiary	São Paulo, SP	Brazil	Audio and Video Equipment	1,070.3	1,390
Philips Chilena S.A.	Subsidiary	Santiago	Chile	Appliance and Tool	75.0
Philips Colombiana de Comercializacion SA	Subsidiary	PO Box 4282, Cundinamarca	Colombia	Audio and Video Equipment	75.0
Philips Colombiana de Comercialización S.A.	Subsidiary	Bogotá DC	Colombia	Appliance and Tool	71.2
Philips Electronics & Lighting Inc	Subsidiary	Makati City	Philippines	Electronic Instruments and Controls	30.1
Philips International B.V.	Subsidiary	Eindhoven, Noord-Brabant	Netherlands	Miscellaneous Financial Services	7.4
Philips Electronics Hong Kong Ltd	Subsidiary	Wanchai, Wanchai	Hong Kong	Audio and Video Equipment	1.0
Philips Medical Systems	Subsidiary	Wanchai, Wanchai	Hong Kong	Medical Equipment and Supplies	1.0	40
Philips Taiwan Limited	Subsidiary	Taipei	Taiwan	Electronic Instruments and Controls	1.0
Avent Holdings Ltd.	Subsidiary	Guildford	United Kingdom	Business Services
Philips U.K. Ltd.	Subsidiary	Guildford	United Kingdom	Commercial Banks
Philips Design Ltd.	Subsidiary	Stevenage	United Kingdom	Retail (Specialty)
NXP Semiconductors Philippines Inc	Subsidiary	Laguna	Philippines	Semiconductors
Türk Philips Ticaret AS	Subsidiary	Istanbul	Turkey	Audio and Video Equipment
Evoluon	Subsidiary	Eindhoven	Netherlands	Business Services
Philips Consumer Luminaires the Netherlands BV	Subsidiary	Gorinchem	Netherlands	Furniture and Fixtures
Philips Electronics Hong Kong Ltd	Subsidiary	Wanchai	Hong Kong	Audio and Video Equipment
Philips Electronics Industries (Taiwan) Ltd	Subsidiary	Taipei	Taiwan	Audio and Video Equipment
Philips Electronics	Subsidiary	Almaty	Kazakhstan	Miscellaneous Capital Goods
Philips Uzbekistan	Subsidiary	Tashkent	Uzbekistan	Miscellaneous Capital Goods
Ljusgruppen AB	Subsidiary	Malmö	Sweden	Electronic Instruments and Controls
Shenzhen Goldway Industrial Inc.	Subsidiary	Shenzhen	China	Medical Equipment and Supplies
Strand Lighting Asia Limited	Subsidiary	Hong Kong	Hong Kong	Medical Equipment and Supplies
Philips & Lite-On Digital Solutions	Subsidiary	Seoul	Korea, Republic of	Medical Equipment and Supplies
Philips Lighting Bielsko Sp. z o.o.	Subsidiary	Bielsko-Biala	Poland	Electronic Instruments and Controls
Philips Electronics (Thailand) Ltd.	Subsidiary	Bangkok	Thailand	Medical Equipment and Supplies
Avent Group Ltd.	Subsidiary	London	United Kingdom	Fabricated Plastic and Rubber
Avent Ltd.	Subsidiary	Sudbury	United Kingdom	Fabricated Plastic and Rubber		700
Philips-LM Ericsson Joint Venture Co	Joint Venture	Riyadh	Saudi Arabia	Communications Services
Philips Healthcare Informatics Ltd.	Subsidiary	Belfast	United Kingdom	Computer Services
Philips Electronics Asia Pacific Pte Ltd	Subsidiary	Singapore, Singapore	Singapore	Miscellaneous Capital Goods
Philips Sound & Vision	Subsidiary	Sydney, NSW	Australia	Appliance and Tool
Philips Bulgaria Ltd	Subsidiary	Sofia	Bulgaria	Miscellaneous Capital Goods
Philips Electronics (Israel) Ltd.	Subsidiary	Yaqum	Israel	Medical Equipment and Supplies
Philips Peruana S.A.	Subsidiary	Lima	Peru	Appliance and Tool
Philips OOO	Subsidiary	Moscow	Russian Federation	Miscellaneous Capital Goods
Philips Medical Systems (Singapore/ASEAN Regional Office)	Subsidiary	Singapore	Singapore	Biotechnology and Drugs
Philips Ukraine	Subsidiary	Kyiv	Ukraine	Miscellaneous Capital Goods
Alpha X-Ray Technologies (India) Pvt Ltd	Subsidiary	Mumbai, Maharashtra	India	Medical Equipment and Supplies
Saeco International Group Australia Pty Ltd	Subsidiary	Fairfield, VIC	Australia	Retail (Specialty)
Philips China	Subsidiary	Beijing	China	Engineering Consultants
Compagnie Francaise Philips	Subsidiary	Suresnes	France	Commercial Banks
Soc Civile Spid	Subsidiary	Paris	France	Miscellaneous Financial Services
Philips Lighting Malaysia Sdn. Bhd.	Subsidiary	Petaling Jaya	Malaysia	Electronic Instruments and Controls
Saeco Argentina S.A.	Subsidiary	Buenos Aires	Argentina	Retail (Specialty)
Saeco Do Brasil Comercio	Subsidiary	Jardim Paulista	Brazil	Miscellaneous Fabricated Products
Tecna S.r.l.	Subsidiary	Mirandola	Italy	Medical Equipment and Supplies
Philips Medical Systems (E.A.) Ltd.	Subsidiary	Nairobi	Kenya	Medical Equipment and Supplies
Philips Polska Sp. z o.o.	Subsidiary	Warszawa	Poland	Audio and Video Equipment
Philips Electronics Nederland B.V.	Subsidiary
Hilvarenbeek Training Services B.V.	Subsidiary	Hilvarenbeek, Noord-Brabant	Netherlands	Business Services		74
Philips Real Estate Investment Management B.V.	Subsidiary	Eindhoven, Noord-Brabant	Netherlands	Investment Services

Executive report

Executives

Name	Title	Function
Wiebo Vaartjes	Chief Executive Officer	Chief Executive Officer
Yeung Chiu	Manager-Brand & Corporate Communications	Marketing Executive
Donough Foley	Manager-Communications	Corporate Communications Executive

FOREIGN EXCHANGE RATES

Currency	Unit	Indian Rupees
US Dollar	1	Rs.49.71
UK Pound	1	Rs.78.09
Euro	1	Rs.68.05

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%)

PRIVATE & CONFIDENTIAL : This information is provided to you at your request, you having employed MIPL for such purpose. You will use the information as aid only in determining the propriety of giving credit and generally as an aid to your business and for no other purpose. You will hold the information in strict confidence, and shall not reveal it or make it known to the subject persons, firms or corporations or to any other. MIPL does not warrant the correctness of the information as you hold it free of any liability whatsoever. You will be liable to and indemnify MIPL for any loss, damage or expense, occasioned by your breach or non observance of any one, or more of these conditions

This report is issued at your request without any risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL) or its officials.