MIRA INFORM REPORT
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Report Date : |
07.09.2011 |
IDENTIFICATION DETAILS
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Name : |
PHILIPS ELECTRONICS AUSTRALIA LIMITED |
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Formerly Known As : |
PHILIPS INDUSTRIES HOLDINGS LIMITED |
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Registered Office : |
65 Epping Road, North Ryde Province New South Wales, Zip/postal code 2113 |
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Country : |
Australia |
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Financials (as on) : |
31.12.2010 |
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Date of Incorporation : |
14.04.1965 |
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Com. Reg. No.: |
008445743 |
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Legal Form : |
Non Listed Australian Public Company |
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Line of Business : |
Distribution of consumer products, Information Technology
(IT) products, healthcare and lighting products |
RATING & COMMENTS
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MIRA’s Rating : |
Ba |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
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41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
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Maximum Credit Limit : |
USD 980,000 |
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Status : |
Good |
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Payment
Behaviour : |
No Complaints |
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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 – March 31st, 2011
|
Country Name |
Previous Rating (31.12.2010) |
Current Rating (31.03.2011) |
|
Australia |
a1 |
a1 |
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Risk Category |
ECGC
Classification |
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Insignificant |
A1 |
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Low |
A2 |
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Moderate |
B1 |
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High |
B2 |
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Very High |
C1 |
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Restricted |
C2 |
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Off-credit |
D |
Identification details
Verified Address
Subject name : PHILIPS ELECTRONICS AUSTRALIA LIMITED
Business address : 65 Epping Road
Town North Ryde
Province New South Wales
Zip/postal code : 2113
Country :
Tel : +61 2 99470000
Fax : +61 2 99470580
Website : www.philips.com.au
Registered address : 65 Epping Road
Town : North Ryde Province : New
South Wales Zip/postal code : 2113
Country :
Postal address : Locked Bag 30
Town : North Ryde
Province : New South Wales
Zip/postal code : 1670
Country : Australia
Summary details
Executive Summary
Date founded or registered : 14/04/1965
Legal form : Non Listed Australian Public Company
Chief executive : Harrie Van Dyk
Issued & paid up capital : AUD 51,477,219
Sales turnover AUD 316,165,000 (Consolidated 12 months, 31/12/2010)
Net income AUD 8,981,000 (Consolidated 12 months, 31/12/2010)
Total fixed assets AUD 130,331,000 (Consolidated 12 months, 31/12/2010)
Line of business Distribution of consumer products, Information Technology (IT) products,
healthcare and lighting products.
Staff employed 300
employees (Subject) 117,246 (Phillips Group)
Credit risk opinion
Company Analysis
Country risk Country risk is minimal
Operation trend Operational trend is progressing
Management experience Management is reasonably experienced
Financial performance Financial performance is good
Organisation structure Organisational structure is stable
Detrimental No detrimental records found
Payment history : No payment delays noted
Credit amount suggestion USD 980,000
Credit amount asked Not described.
Comments Larger credit can still be considered. The Subject is well positioned in the market
and the financial stability of the group is positive.
Statutory details
Registry Data
Registration date : 14/04/1965
Legal form : Non Listed Australian Public Company
Registration no Australian
Company Number: 008445743
Registered authority : Australian Securities & Investments
Commission
Fiscal/ Tax no : Australian Business Number: 24008445743
Registry status : Live/Active
Previous name : PHILIPS INDUSTRIES HOLDINGS LIMITED
PHILIPS INDUSTRIES HOLDINGS PTY. LIMITED (initial)
Change of legal form : None reported.
Management / directors
Key Management
Name Harrie Van Dyk
Designation Chief Executive Officer
Name Michael Paulus Liem
Designation Chief Financial Officer
Name Phillip William Roberts
Designation Director
Name : Michael John Downie
Designation General Manager
Board of directors / other appointments
Appointments
Name Harrie Van Dyk
Designation Director
Appointment date 14/11/01
Address : 677 Sackville Road
Ebenezer, NSW 2756
Australia
Biography : Birth
details: Born on 04-07-1952 in Enshede, Netherlands.
He was
appointed CEO and Vice President of Philips Electronics Australia Ltd in
November 2001 and has continued his role as General Manager of Philips Consumer
Electronics Australia which he has held since May 1997. In June 2006 he
transferred from the Consumer Electronics business in
Early in his career, he spent 15 years with Johnson and
Johnson
1997, he also
held various positions in senior management in
Mr. Harrie is
an Associate Fellow of the Australian Marketing Institute (AMI) and a member of
the International CEO Forum group. He is also a director of Outcomes Australia
Pty Ltd, an organization that seeks to find best in class solutions for key
issues in the Australian community.
During his
varied career he has held several industry body positions including Chairman of
AVCARE Animal Healthcare Committee and a Board Membership of Applie-com (an
electronics industry supplier
and retailer organisation).
Name : Michael
Paulus Liem
Designation : Director
Appointment date : 07/07/06
Address :
St. Ives, NSW 2075
Biography : Birth details: Born on 05-03-1966 in
Indonesia. Name : Phillip William Roberts
Designation : Director and Company Secretary
Appointment date : 18/12/09
Address :
Biography : Birth
details: Born on 24-05-1952 in
Name : Michael
John Downie
Designation : Director
Appointment date : 07/07/06
Address :
Blakehurst, NSW 2221
Biography : Birth
details: Born on 28-04-1965 in
Staff employed : 300
employees (Subject) 117,246 (Phillips Group)
Key Advisors
Auditors : KPMG
10 Shelley Street
Sydney, NSW 2000
Share capital
Composition
Authorized Capital : AUD 51,477,219
No of shares : 245,561,623 Ordinary Shares
Share par value : No par value
Issued capital : AUD 51,477,219
Paid up capital : AUD 51,477,219
ownership / shareholders
How listed Full List
Composition
Shareholder name NATIONAL TRUST COMPANY
Address 320 Bay Street
Toronto, ON M5H 4A6
Canada
No. of shares 245,561,623 Ordinary Shares
% of shares 100%
Related companies & corporate Affiliations
Structure
Name KONINKLIJKE PHILIPS ELECTRONICS N.V.
Affiliation type Ultimate Holding Company
Address Breitner Center, Amstelplein 2
1096 BC Amsterdam
Netherlands
Comments Koninklijke Philips Electronics N.V. which started as a limited partnership with the name
Philips & Co in Eindhoven, the Netherlands, in 1891 by Anton and Gerard Philips to manufacture incandescent lamps and other electrical products, is the parent company of the Philips Group.
The Company was converted into the company with limited liability N.V. Philips’ Gloeilampenfabrieken on September 11, 1912. Its shares are listed on the stock markets of Euronext Amsterdam and the New York Stock Exchange.
Name NATIONAL TRUST COMPANY
Affiliation type Parent Company
Address 320 Bay Street
Toronto, ON M5H 4A6
Canada
Comments The Company is a wholly owned subsidiaries of Koninklijke Philips Electronics
N.V.
Name EMPLOYEE SHARE PLAN PTY LIMITED
Affiliation type Wholly-owned Subsidiary
Address Australia
Name : RESPIRONICS AUSTRALIA HOLDINGS PTY LTD
Affiliation type : Wholly-owned Subsidiary
Address : Australia
Name : PHILIPS NEW ZEALAND LIMITED
Affiliation type : Sister Company
Address : 1 Nugent Street
Grafton, Auckland 1023
New Zealand
Name : SAECO AUSTRALIA & NZ LTD.
Affiliation type : Associate
Address : New Zealand
Name : RESPIRONICS AUSTRALIA PTY. LTD.
Affiliation type : Associate
Address : Australia
Name : DYNALITE INTELLIGENT LIGHT PTY. LIMITED
Affiliation type : Associate
Address : Australia
Name : WMGD PTY. LIMITED
Affiliation type : Associate
Address : Australia
Name : SAECO AUSTRALIA PTY LTD.
Affiliation type : Associate
Address : Australia
Related companies and corporate
affiliations comments Other companies of the Philips Group should be considered affiliates of
the Subject. We are unable to list
all the associated companies within the group therefore we have enclosed an
attachment to this report.
Philips Group has 118 production
sites in 27 countries, sales and service outlets in approximately 100
countries.
Bank & mortgages
Bank Details
Name of bank : National Australia Bank Limited
Address : Australia
Account details : Current Account
Comments : It is generally not the policy of local
banks to provide credit status
information to non related
parties, however interested parties would be advised to consult first with the
Subject if banker's references are required.
Mortgages: None reported.
Legal Fillings
Bankruptcy fillings None reported.
Court judgements None reported.
Tax liens None reported.
Others None reported.
financials
Description
Source of financial statement : Commercial
Registry Filings
Financial statement date : 31/12/10
Type of accounts : Full audited
Currency :
Exchange rate : 1 USD = AUD 0.95 as of 07/09/2011
Summarized Financial Information
|
Consolidation type : Consolidated Consolidated Group Consolidated Currency : Australia Dollar (AUD) Australia Dollar (AUD) Euro (EUR) Denomination : (x1) One (x1) One (x1) One |
|
Date of financial year end : 31/12/10 31/12/09 31/12/10 |
|
Length of accounts : 12 months 12 months 12 months |
|
Sale turnover / Income : 316,165,000 296,357,000 25,419,000,000 |
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Gross profit : 109,237,000 102,206,000 9,546,000,000 |
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Operating profit : 11,971,000 11,924,000 2,065,000,000 |
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Profit before tax : 11,974,000 12,208,000 1,943,000,000 |
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Net income : 8,981,000 8,224,000 1,452,000,000 |
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Non current assets : 12,776,000 15,104,000 17,672,000,000 |
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Current assets : 117,555,000 121,507,000 14,597,000,000 |
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Inventories : |
41,917,000 |
46,163,000 |
3,865,000,000 |
|
Total assets : |
130,331,000 |
136,611,000 |
32,269,000,000 |
|
Current liabilities : |
124,117,000 |
124,419,000 |
10,758,000,000 |
|
Non current liabilities : |
1,755,000 |
2,325,000 |
6,419,000,000 |
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Total liabilities : |
125,872,000 |
126,744,000 |
17,177,000,000 |
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Share equity : |
4,459,000 |
9,867,000 |
15,092,000,000 |
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Reserve : |
-505,000 |
-82,000 |
|
|
Retained earning : |
-60,647,000 |
-70,051,000 |
15,416,000,000 |
Comments : The consolidated financial information
above relates to the Subject and its subsidiaries.
The group’s consolidated
financial information above relates to the Subject’s Ultimate Holding Company
Koninklijke Philips Electronics N.V. and all its subsidiaries which include the
Subject.
Operation details
Main activities : The Subject main activities is
distribution of consumer products,
Information Technology (IT)
products, healthcare and lighting that includes televisions, home
entertainment, kitchen appliances, personal care, phones, presonal computers,
household products and lighting.
The Subject is
part of Koninklijke Philips Electronics N.V. (Royal Philips Electronics) which
is the parent company of the Philips Group (Philips). Philips’ activities in
the field of health and well-being are organized on a sector basis, which
includes Healthcare, Consumer Lifestyle and Lighting. The Group Management
& Services sector provides the operating sectors with support through
shared service centers. As of December 31, 2010
Philips had 118
production sites in 27 countries, sales and service outlets in approximately
100 countries. In September 2010, it acquired Wheb Sistemas, a Brazil-based
supplier of medical information systems. In November 2010, TPV Technology Ltd.
acquired Philips TV China, the color television sales and distribution business
of the Company. In December
2010, the
Company sold certain interest in Assembleon to H2 Equity Partners. In January
2011, it bought Optimum Lighting. In June 2011, it acquired AllParts Medical.
Product & services : Healthcare products and solutions
include imaging systems, such as x-ray, computed tomography, magnetic resonance
imaging, and nuclear medicine imaging equipment; clinical care systems,
including ultrasound imaging, hospital respiratory systems, cardiac care
systems, and children’s medical ventures; home healthcare solutions comprising
sleep management and respiratory care, medical alert services, remote cardiac
services, and remote patient management; healthcare informatics, patient
monitoring systems, and image management services; and consultancy, clinical
services, equipment financing, asset management, and equipment maintenance and
repair services. Its consumer lifestyle products and solutions comprise
televisions, electric shavers, female depilation appliances, haircare and male
grooming products, kitchen appliances, floor care, skin care, garment care,
water and air purifiers, beverage appliances, oral healthcare, and mother and
childcare products; home and portable audio and video entertainment products,
including MP3 and MP4 players, and docking stations; and peripherals and
accessories consisting of headphones, portable audio accessories, remote
controls, PC peripherals, digital picture frames, and audio and video communications
products. The Subject also provides lighting solutions, such as incandescent,
halogen, fluorescent, and high-intensity discharge lamps; consumer and
professional
luminaires; lighting electronics and controls; automotive lighting products;
special lighting applications; and solid-state lighting components and modules.
Brand : PHILIPS
Purchases
International : Mainly from Asia and
Sales
Local : Yes
International : Pacific Islands
Property & Assets
Premises : The Subject operates from premises
located at the verified heading address consisting of administrative office and
warehouse.
Branches : In addition, the Subject operates from
regional offices located in
Summarized country risk
Gross Domestic Products (GDP) & Economic
Overview
Central bank Reserve Bank of Australia
Reserve of foreign exchange & gold US$ 41.385 billion
Gross domestic product - GDP US$ 1.235 trillion
GPP (Purchasing power parity) 918.529 billion of International dollars
GDP per capita - current prices US$ 55,590
GDP - composition by sector agriculture: 4.1%
industry: 26%
services: 70%
Inflation : 2008: 4.4%
2009: 1.8%
2010: 2.8%
Unemployment rate
2008 : 4.2%
2009 : 5.6%
2010 : 5.2%
Public debt
(General Government gross
debt as a % GDP) 2008:
11.6 %
2009: 17.6 %
2010: 22.3 %
Government bond
ratings Standard
& Poor's: AAA/Stable/A-1+
Moody's rating: Aaa
Moody's outlook: STA
Market value of publicly traded shares US$ 1.258 trillion
Largest
companies in the country : Commonwealth Bank (Banking), BHP
Billiton (Materials), Westpac Banking Group (Banking), Rio Tinto (Materials),
National Australia Bank (Banking), ANZ Banking (Banking), Telstra
(Telecommunications Services)
Trade & Competitiveness Overview
Total exports : US$210.7 billion
Exports commodities : coal, iron ore, gold, meat, wool,
alumina, wheat
Total imports : US$187.2 billion
Imports commodities : machinery and transport equipment,
computers and office machines, telecommunication equipment and parts; crude oil
and petroleum products
Export - major partners : Japan 18.9%, China 14.2%, South Korea 8%, US 6%, NZ 5.6%, India
5.5%, UK 4.2%
Import - major partners :China 15.5%, US 12.8%,
Japan 9.6%, Singapore 5.6%, Germany 5.2%, UK 4.3%, Thailand 4.2%
FDI Inflows 2007: US$45,477 million
2008: US$46,722 million
2009: US$22,572 million
FDI Outflows 2007: US$16,822 million
2008: US$32,819 million
2009: US$18,426 million
Best countries for doing business : 10
out of 183 countries
Global competitiveness ranking : 16
(ranking by country on a basis of 133, the first is the best)
Country and Population Overview
Total population : 22.23 million
Total area : 7,692,024 km2
Capital : Canberra
Currency : Australian dollars (AUD)
Internet
users as % of total population
: 74.00%
The Company holds
control directly or indirectly in the below listed subsidiaries unless
otherwise stated.
List of
subsidiaries
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Company |
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Country of
Incorporation |
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Advanced Technology Laboratories Argentina S.A. |
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Argentina |
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Fábrica Austral de Productos Eléctricos Sociedad Anónima |
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Argentina |
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Philips Argentina Sociedad Anónima |
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Argentina |
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SAFINA S.A. de Capitalización y Ahorro |
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Argentina |
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Saeco Argentina SA |
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Argentina |
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Philips Electronics Australia Limited |
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Australia |
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Philips Employee Share Plan Pty. Limited |
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Australia |
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Respironics Australia Pty. Ltd. |
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Australia |
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Respironics Australia Holdings Pty. Ltd. |
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Australia |
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Dynalite Intelligent Light Pty. Limited |
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Australia |
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WMGD Pty. Limited |
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Australia |
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Saeco Australia Pty Ltd. |
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Australia |
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Saeco International Group (Australia) Pty. Ltd. |
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Australia |
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Saeco South Australia Pty. Ltd. |
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Australia |
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Industriegrundstücks-Verwaltungsgesellschaft m.b.H. |
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Austria |
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Philips Austria GmbH |
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Austria |
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Hoffmeister-Leuchten Gesellschaft m.b.H. |
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Austria |
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PENAC World Sales, Inc. |
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Barbados |
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The Foreign Private Consulting-Trading Unitary Enterprise “Philips-Belorussia” of Company Philips’ Radio B.V. |
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Belarus |
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Philips Consumer Products |
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Belgium |
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Philips Services |
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Belgium |
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Philips Innovative Technology Solutions |
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Belgium |
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Philips Innovative Applications |
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Belgium |
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Philips Medical Systems |
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Belgium |
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Philips Belgium |
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Belgium |
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Philips Properties |
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Belgium |
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Superclub Trading |
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Belgium |
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Lighting Group PLI Holding |
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Belgium |
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Lighting Group Massive |
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Belgium |
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Modular Lighting Instruments |
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Belgium |
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Podium |
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Belgium |
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Ring Station I |
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Belgium |
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Saeco Benelux |
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Belgium |
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Philips da Amazônia Indústria Eletrônica Ltda. |
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Brazil |
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CIV Comércio e Importação Vitória Ltda. |
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Brazil |
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Philips Eletrônica da Amazônia Ltda. |
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Brazil |
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Helfont Produtos Elétricos Ltda. |
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Brazil |
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Inbraphil — Indústrias Brasileiras Philips Ltda. |
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Brazil |
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Philips Medical Systems Ltda. |
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Brazil |
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Philips Business Communications — Soluções Empresariais Ltda. |
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Brazil |
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Philips Eletrônica do Nordeste S.A. |
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Brazil |
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Philips do Brasil Ltda. |
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Brazil |
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VMI Indústria e Comércio Ltda. |
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Brazil |
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Respironics do Brasil Representação de Produtos Médicos Ltda. |
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Brazil |
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Dixtal Biomédica Indústria e Comércio Ltda. |
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Brazil |
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Saeco Do Brasil Comercio De Equipamentos Ltda |
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Brazil |
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Tecso Informática Ltda. |
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Brazil |
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Wheb Informática Ltda. |
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Brazil |
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Discus Dental Brasil Comercio de Produtos Odontologicos LTDA. |
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Brazil |
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Philips Bulgaria EOOD |
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Bulgaria |
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Philips Appliances Ltd. |
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Canada |
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Philips Electronics Ltd |
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Canada |
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Philips Electronic Equipment Ltd. |
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Canada |
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Latin-American Holdings Corporation |
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Canada |
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Philips Overseas Holdings Corporation |
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Canada |
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Philips Canada Ltd |
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Canada |
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Philips Trans-America Holdings Corporation |
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Canada |
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W.J. Addison Ltd. |
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Canada |
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Lumec Inc. |
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Canada |
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Saeco Ontario Ltee. |
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Canada |
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Saeco B.C. Ltd. |
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Canada |
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Saeco West Ltd. |
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Canada |
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Les Distribution Saeco Canada Ltée |
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Canada |
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Philips Chilena S.A. |
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Chile |
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Philips Automotive Lighting Hubei Co., Ltd. |
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China |
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Philips Domestic Appliances and Personal Care Co., of Suzhou Ltd. |
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China |
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Philips Electronic Components (Shanghai) Co., Ltd. |
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China |
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Philips Domestic Appliances and Personal Care Company of Zhuhai SEZ,
Ltd. |
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China |
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Philips Lighting Industry (China) Co., Ltd. |
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China |
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Philips Lighting Electronics (Shanghai) Co., Ltd. |
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China |
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Philips Lighting Electronics (Xiamen) Co. Ltd. |
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China |
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Philips Lighting Luminaires (Shanghai) Co., Ltd. |
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China |
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Philips and Neusoft Medical Systems Co., Ltd. |
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China |
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Philips (China) Investment Company, Ltd. |
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China |
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Philips Electronics Technology (Shanghai) Co., Ltd. |
|
China |
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Philips Electronics Trading & Services (Shanghai) Co. Ltd |
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China |
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Philips & Yaming Lighting Co., Ltd. |
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China |
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Philips Electronics (Shenzhen) Co., Ltd. |
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China |
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Philips Consumer Lighting (Ningbo) Co., Ltd. |
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China |
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Philips Consumer Luminaires (Shenzhen) Co., Ltd. |
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China |
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Assembleon Technology (Suzhou) Co., Ltd. |
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China |
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Shenzhen Goldway Industrial Inc. |
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China |
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Respironics Medical Products (Shenzhen) Ltd. |
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China |
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Melmedical Co. Ltd. |
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China |
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Philips Healthcare (Suzhou) Co., Ltd. |
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China |
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Philips Consumer Luminaires Manufacturing (Shenzhen) Co. Ltd. |
|
China |
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Shanghai Apex Electronics Technology Co., Ltd. |
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China |
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Carex Lighting Equipment (Dongguan) Co., Ltd. |
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China |
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Lighting de Colombia S.A. |
|
Colombia |
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Philips Colombiana de Comercialización S.A. |
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Colombia |
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Saeco Centroamerica SA |
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Costa Rica |
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MASSIVE d.o.o. |
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Croatia |
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Philips Ceská republika s.r.o. |
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Czech Republic |
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Philips Danmark A/S |
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Denmark |
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Spiropharma A/S |
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Denmark |
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Luceplan A/S |
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Denmark |
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Philips Dominicana S.A. |
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Dominican
Republic |
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Philips Egypt (Limited Liability Company) |
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Egypt |
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Philips Lighting Central America, Sociedad Anónima de Capital Variable
|
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El Salvador |
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Philips Consumer Luminaires Estonia OU |
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Estonia |
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Philips Oy |
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Finland |
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Medith Oy |
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Finland |
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Philips France |
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France |
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S.C.I. Opéra-Sèvres |
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France |
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Compagnie Française Philips |
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France |
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Société Service de Propriété Industrielle et de Documentation |
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France |
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Modular Lighting Paris |
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France |
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Kaerys S.A.S. |
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France |
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Emergences Medicales et Technologies |
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France |
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Saeco France |
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France |
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Luceplan s.a.r.l. |
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France |
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Assembléon Deutschland GmbH |
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Germany |
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Philips Extreme UV GmbH |
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Germany |
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Philips Medizin Systeme Hofheim-Wallau GmbH |
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Germany |
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Philips Medizin Systeme Böblingen GmbH |
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Germany |
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Philips Deutschland GmbH |
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Germany |
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Philips Technologie GmbH |
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Germany |
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Philips Intellectual Property & Standards GmbH |
|
Germany |
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Silicon Manufacturing Itzehoe SMI GmbH |
|
Germany |
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Philips Medical Systems DMC GmbH |
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Germany |
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PLDS Germany GmbH |
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Germany |
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Philips GmbH |
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Germany |
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Philips Lübeckertordamm 5 Dritte Verwaltungs-GmbH |
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Germany |
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Philips SC Unterstützungskasse GmbH |
|
Germany |
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JJI Lighting Group GmbH Europe |
|
Germany |
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Respironics Deutschland GmbH & Co. KG |
|
Germany |
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Respironics Deutschland Verwaltungsgesellschaft mbH |
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Germany |
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Philips Lübeckertordamm 5 Fünfte Verwaltungs-GmbH |
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Germany |
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Philips Lübeckertordamm 5 Vierte Verwaltungs-GmbH |
|
Germany |
|
Philips Technologie Lübeckertordamm 5 Erste Verwaltungs-GmbH |
|
Germany |
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Gaggia GmbH |
|
Germany |
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Samou GmbH |
|
Germany |
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E & D GmbH |
|
Germany |
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Luceplan GmbH |
|
Germany |
|
Philips Hellas S.A. Commercial and Industrial Co. for Electrotechnical
Products, Lighting and Medical Systems |
|
Greece |
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Assembleon Hong Kong Limited |
|
Hong Kong |
|
Philips Electronics Hong Kong Limited |
|
Hong Kong |
|
Framas Lightings Limited |
|
Hong Kong |
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Massive Asia Pacific Ltd. |
|
Hong Kong |
|
SuperLight Trading Limited |
|
Hong Kong |
|
Strand Lighting Asia Limited |
|
Hong Kong |
|
Respironics (HK) Ltd. |
|
Hong Kong |
|
Respironics Technotrend Limited |
|
Hong Kong |
|
Wegot Investment Limited |
|
Hong Kong |
|
Philips Hengdian Lighting (HK) Holding Limited |
|
Hong Kong |
|
Melhk Ltd |
|
Hong Kong |
|
Saeco Hong Kong Ltd. |
|
Hong Kong |
|
NCW (Holdings) Limited |
|
Hong Kong |
|
PHILIPS INDUSTRIES Hungary Electronical Mechanical Manufacturing and
Trading Limited Liability Company |
|
Hungary |
|
Philips Magyarország Kereskedelmi Kft. |
|
Hungary |
|
Philips IPSC Tamasi Kft. |
|
Hungary |
|
Philips Electronics India Limited |
|
India |
|
P.T. Philips Industries Batam |
|
Indonesia |
|
PT. Pesona Gemilang Raya |
|
Indonesia |
|
PT. Philips Indonesia |
|
Indonesia |
|
Philips Accounting Services Limited |
|
Ireland |
|
The Irish Development Co. Ltd. |
|
Ireland |
|
Philips Electronics Ireland Limited |
|
Ireland |
|
Philips Radio Communication Systems Ireland Limited |
|
Ireland |
|
Silicon B203 Limited |
|
Ireland |
|
Larestine Ireland Ltd. |
|
Ireland |
|
Tineney Ireland Ltd. |
|
Ireland |
|
Massive Ireland Limited |
|
Ireland |
|
Respironics (Ireland) Limited |
|
Ireland |
|
Western Biomedical Technologies Limited |
|
Ireland |
|
Saeco IPR Limited |
|
Ireland |
|
Saeco Strategic Services Limited |
|
Ireland |
|
Philips Electronics (Israel) Ltd |
|
Israel |
|
Philips Medical Systems Technologies Ltd. |
|
Israel |
|
Assembléon Italia S.r.l. |
|
Italy |
|
Philips Societa per Azioni |
|
Italy |
|
Saeco International Group S.p.A. |
|
Italy |
|
Ilti Luce S.r.l. |
|
Italy |
|
Elfe S.p.A. |
|
Italy |
|
Gaggia S.p.A. |
|
Italy |
|
Pegaso S.r.l. |
|
Italy |
|
Saeco Vending S.p.A. |
|
Italy |
|
Tecna S.r.l. |
|
Italy |
|
Luceplan S.p.A |
|
Italy |
|
Philips Electronics Japan, Ltd. |
|
Japan |
|
Philips Respironics GK |
|
Japan |
|
NIHON SAECO K.K. |
|
Japan |
|
Philips Electronics Korea Ltd. |
|
Korea, Republic
of |
|
Philips & LiteOn Digital Solutions Korea Ltd. |
|
Korea, Republic
of |
|
Philips Baltic SIA |
|
Latvia |
|
Philips Lighting Maseru Pty. Ltd. |
|
Lesotho |
|
Philips Luxembourg |
|
Luxembourg |
|
Philips International Finance S.A. |
|
Luxembourg |
|
Philips Electronics Malaysia Sdn. Bhd. |
|
Malaysia |
|
Philips LumiLeds Lighting Company Sdn. Bhd. |
|
Malaysia |
|
Philips Lighting Malaysia Sdn. Bhd. |
|
Malaysia |
|
Philips Malaysia Sdn. Berhad |
|
Malaysia |
|
Philips Electronic Supplies (Malaysia) Sdn. Bhd. |
|
Malaysia |
|
Advance Transformer Co., S.A. de C.V. |
|
Mexico |
|
Assembléon Mexicana, S.A. de C.V. |
|
Mexico |
|
Componentes Eléctricos de Lámparas, S.A. de C.V. |
|
Mexico |
|
Productos de Consumo Electrónico Philips, S.A. de C.V. |
|
Mexico |
|
Philips Holding México, S.A. de C.V. |
|
Mexico |
|
Philips Lighting Electronics México, S.A. de C.V. |
|
Mexico |
|
Lumisistemas de México, S.A. de C.V. |
|
Mexico |
|
Philips Mexicana, S.A. de C.V. |
|
Mexico |
|
Iluminacion Tecnica I.L.T.E.C. S.A. de C.V. |
|
Mexico |
|
Lightolier de Mexico, S.A. de C.V. |
|
Mexico |
|
Thomas Lighting de Mexico, S.A. de C.V. |
|
Mexico |
|
Phiholdingmex, S.A. de C.V. |
|
Mexico |
|
Philips Electronique Maroc |
|
Morocco |
|
Adac Laboratories Europe B.V. |
|
Netherlands |
|
Alkrode B.V. |
|
Netherlands |
|
Assembléon B.V. |
|
Netherlands |
|
Assembléon Netherlands B.V. |
|
Netherlands |
|
Consort Investments B.V. |
|
Netherlands |
|
Dordtse Metaalindustrie “Johan de Witt” B.V. |
|
Netherlands |
|
Philips Digital Video Systems (Breda) B.V. |
|
Netherlands |
|
Electrologica B.V. |
|
Netherlands |
|
Exenkaf Holding B.V. |
|
Netherlands |
|
Philips Export B.V. |
|
Netherlands |
|
Global Re N.V. |
|
Netherlands |
|
Hilvarenbeek Training Services B.V. |
|
Netherlands |
|
Industriële Ontwikkelings-Maatschappij B.V. |
|
Netherlands |
|
Philips LumiLeds Holding B.V. |
|
Netherlands |
|
Philips Lumileds Lighting Company (Holding) B.V. |
|
Netherlands |
|
Philips Lumileds Lighting Company B.V. |
|
Netherlands |
|
Marconi Medical Systems Netherlands B.V. |
|
Netherlands |
|
Matevu Import Export B.V. |
|
Netherlands |
|
NavPart II B.V. |
|
Netherlands |
|
Maatschappij voor Onroerend Goed “De Nieuwe Erven” B.V. |
|
Netherlands |
|
Noble Europe B.V. |
|
Netherlands |
|
Philips Electronics Nederland B.V. |
|
Netherlands |
|
Philips Participations B.V. |
|
Netherlands |
|
Philips Components B.V. |
|
Netherlands |
|
Philips Consumer Communications B.V. |
|
Netherlands |
|
Philips Consumer Relations B.V. |
|
Netherlands |
|
Philips Consumer Lifestyle B.V. |
|
Netherlands |
|
Philips Consumer Electronics Export B.V. |
|
Netherlands |
|
Philips Consumer Lifestyle International B.V. |
|
Netherlands |
|
Philips Electronics China B.V. |
|
Netherlands |
|
Philips High Tech Plastics B.V. |
|
Netherlands |
|
Philips International B.V. |
|
Netherlands |
|
Philips Lighting B.V. |
|
Netherlands |
|
Philips Lighting Holding B.V. |
|
Netherlands |
|
Philips Electronics Middle East & Africa B.V. |
|
Netherlands |
|
Philips Medical Systems International B.V. |
|
Netherlands |
|
Philips Medical Systems Nederland B.V. |
|
Netherlands |
|
Philips Nederland B.V. |
|
Netherlands |
|
Philips Warehouse & Services B.V. |
|
Netherlands |
|
Philips’ Radio B.V. |
|
Netherlands |
|
Philips Electronics Representative Offices B.V. |
|
Netherlands |
|
Philips Real Estate Investment Management B.V. |
|
Netherlands |
|
Super Club International B.V. |
|
Netherlands |
|
Super Club Nederland B.V. |
|
Netherlands |
|
Superclub Retail Nederland B.V. |
|
Netherlands |
|
Siera Electronics B.V. |
|
Netherlands |
|
Tijm Holding B.V. |
|
Netherlands |
|
Van der Heem B.V. |
|
Netherlands |
|
Philips Venture Capital Fund B.V. |
|
Netherlands |
|
De Vitrite Fabriek (The Vitrite Works) B.V. |
|
Netherlands |
|
Metaaldraadlampenfabriek “Volt” B.V. |
|
Netherlands |
|
B.V. Woningbouw Exenkaf |
|
Netherlands |
|
B.V. Expeditiekantoor v/h A. Wouters & Co |
|
Netherlands |
|
Philips Patient Monitoring Systems China Holding B.V. |
|
Netherlands |
|
Avelingen Licht Holding B.V. |
|
Netherlands |
|
Assembléon China B.V. |
|
Netherlands |
|
Modular Lighting Nederland B.V. |
|
Netherlands |
|
Philips DAP Suzhou Holding B.V. |
|
Netherlands |
|
Philips DAP Zhuhai Holding B.V. |
|
Netherlands |
|
Philips Lighting Electronics Shanghai Holding B.V. |
|
Netherlands |
|
Philips Imaging Systems China Holding B.V. |
|
Netherlands |
|
Philips Electronics Technology Shanghai Holding B.V. |
|
Netherlands |
|
Respironics Netherlands B.V. |
|
Netherlands |
|
HTCE Site Management B.V. |
|
Netherlands |
|
Argus Imaging B.V. |
|
Netherlands |
|
Fianara International B.V. |
|
Netherlands |
|
Respironics Holding France B.V. |
|
Netherlands |
|
Respironics Holding UK B.V. |
|
Netherlands |
|
Respironics Holding Japan B.V. |
|
Netherlands |
|
Respironics Holding Switzerland B.V. |
|
Netherlands |
|
Genlyte Holding C B.V. |
|
Netherlands |
|
Genlyte Holding Canada B.V. |
|
Netherlands |
|
Lifeline Systems Holding B.V. |
|
Netherlands |
|
LR Fibertech Industries B.V. |
|
Netherlands |
|
Discus Dental Europe B.V. |
|
Netherlands |
|
Philips New Zealand Limited |
|
New Zealand |
|
Saeco Australia & NZ Ltd. |
|
New Zealand |
|
Philips Norge AS |
|
Norway |
|
Normed AS |
|
Norway |
|
Philips Electrical Industries of Pakistan Limited |
|
Pakistan |
|
Philips Caribbean Panamá, Inc. |
|
Panama |
|
GT Mexican Holding Corp. |
|
Panama |
|
Philips SEM S.A. |
|
Panama |
|
Philips del Paraguay S.A. |
|
Paraguay |
|
Philips Peruana S.A. |
|
Peru |
|
Assembléon Philippines, Inc. |
|
Philippines |
|
Philips Electronics and Lighting, Inc. |
|
Philippines |
|
Philips Industrial Development, Inc. |
|
Philippines |
|
RCM Manufacturing |
|
Philippines |
|
Philips Lighting Bielsko Sp.z.o.o. |
|
Poland |
|
Philips Lighting Poland S.A. |
|
Poland |
|
Philips Polska Sp.z.o.o. |
|
Poland |
|
Manufacturers Services Poland Sp.z.o.o. |
|
Poland |
|
Saeco Polska Sp.z.o.o. |
|
Poland |
|
Philips Portuguesa, S.A. |
|
Portugal |
|
RCS — Sistemas de Controlo Remoto, S.A. |
|
Portugal |
|
Saecopor — Importacao e Comércio de Aparelhos Eléctricos, Lda |
|
Portugal |
|
Philips Medical Systems Puerto Rico, Inc. |
|
Puerto Rico |
|
Philips Outdoor Lighting Romania S.R.L. |
|
Romania |
|
Philips Romania S.R.L. |
|
Romania |
|
Massive Romania Impex S.R.L. |
|
Romania |
|
Sogeco Romania S.r.l. |
|
Romania |
|
ZAO Idman MOW |
|
Russian
Federation |
|
Philips Medical Systems, L.L.C. |
|
Russian
Federation |
|
Limited Liability Company “Philips” |
|
Russian
Federation |
|
Massive Lighting d.o.o. Beograd |
|
Serbia |
|
Assembleon Singapore Pte Ltd |
|
Singapore |
|
Philips Electronics Asia Pacific Pte Ltd. |
|
Singapore |
|
Philips Electronics Singapore Pte Ltd |
|
Singapore |
|
Philips Singapore Private Limited |
|
Singapore |
|
Cannon Avent (Singapore) Pte Limited |
|
Singapore |
|
Philips Medical Systems s.r.o. |
|
Slovakia |
|
Philips Slovakia s.r.o. |
|
Slovakia |
|
Philips Slovenija trgovina, d.o.o. |
|
Slovenia |
|
Philips Medical Systems (Proprietary) Limited |
|
South Africa |
|
Philips Medical Customer Support (Pty) Limited |
|
South Africa |
|
Philips South Africa (Proprietary) Limited |
|
South Africa |
|
Dynalite South Africa (Pty.) Ltd. |
|
South Africa |
|
ADAC Iberia, S.A. |
|
Spain |
|
Philips Ibérica, S.A. |
|
Spain |
|
Saeco Iberica S.A. |
|
Spain |
|
Philips Aktiebolag |
|
Sweden |
|
Philips Consumer Luminaires Sweden AB |
|
Sweden |
|
Ljusgruppen Aktiebolag |
|
Sweden |
|
Respironics Sweden AB |
|
Sweden |
|
Philips AG |
|
Switzerland |
|
Imel AG |
|
Switzerland |
|
Saeco AG |
|
Switzerland |
|
EBT Technology, Inc. |
|
Taiwan |
|
Philips Taiwan Ltd. |
|
Taiwan |
|
Philips Electronics (Thailand) Ltd. |
|
Thailand |
|
Philips Tunisienne d’Eclairage S.A. |
|
Tunisia |
|
Türk Philips Ticaret Anonim Sirketi |
|
Turkey |
|
Limited Liability Company “Philips Ukraine” |
|
Ukraine |
|
Assembléon UK Limited |
|
United Kingdom |
|
Philips Medical Systems UK Limited |
|
United Kingdom |
|
Philips Components Limited |
|
United Kingdom |
|
ECS Lighting Controls Limited |
|
United Kingdom |
|
Philips Holdings Limited |
|
United Kingdom |
|
Philips Impex Limited |
|
United Kingdom |
|
Philips Lamps and Luminaires Limited |
|
United Kingdom |
|
Philips Lighting Limited |
|
United Kingdom |
|
Mullard Ltd. |
|
United Kingdom |
|
Philips Consumer Communications UK Limited |
|
United Kingdom |
|
Philips Pension Trustees Limited |
|
United Kingdom |
|
Philips Electronics UK Limited |
|
United Kingdom |
|
Philips U.K. Limited |
|
United Kingdom |
|
Philips Design Limited |
|
United Kingdom |
|
Pyecam Company Limited |
|
United Kingdom |
|
Pye (Electronic Products) Ltd. |
|
United Kingdom |
|
Avent Group Limited |
|
United Kingdom |
|
Avent Limited |
|
United Kingdom |
|
Avent Finance Limited |
|
United Kingdom |
|
Avent Holdings Limited |
|
United Kingdom |
|
Cannon Babysafe Limited |
|
United Kingdom |
|
Invivo UK Ltd. |
|
United Kingdom |
|
Massive Holding UK Limited |
|
United Kingdom |
|
Philips Consumer Luminaires UK Limited |
|
United Kingdom |
|
Translite Limited |
|
United Kingdom |
|
Strand Lighting Europe Limited |
|
United Kingdom |
|
Respironics UK Holding Company Limited |
|
United Kingdom |
|
Respironics Ltd. |
|
United Kingdom |
|
Profile Pharma Limited |
|
United Kingdom |
|
Respironics Respiratory Drug Delivery (UK) Ltd. |
|
United Kingdom |
|
Respironics (UK) Limited |
|
United Kingdom |
|
Philips Healthcare Informatics Limited |
|
United Kingdom |
|
Dynalite Europe Limited |
|
United Kingdom |
|
Philips Trustee Company Limited |
|
United Kingdom |
|
210 East Tarrant Street Realty Co. |
|
United States |
|
Philips Medical Systems (Cleveland), Inc. |
|
United States |
|
The Addison Company Inc. |
|
United States |
|
Philips Advanced Metrology Systems, Inc. |
|
United States |
|
Assembléon America, Inc. |
|
United States |
|
ATL Ultrasound, Inc. |
|
United States |
|
ATL International LLC |
|
United States |
|
Philips Ultrasound, Inc. |
|
United States |
|
Advanced Technology Laboratories, Inc. (Delaware) |
|
United States |
|
Chicago Magnet Wire Corp. |
|
United States |
|
American Color & Chemical, L.L.C. |
|
United States |
|
Philips Holding USA Inc. |
|
United States |
|
Lighting.Com., Inc. |
|
United States |
|
Philips Lighting Electronics Company |
|
United States |
|
Philips LumiLeds Lighting Company LLC |
|
United States |
|
Philips Medical Financial Services, Inc. |
|
United States |
|
Mepco/Centralab, Inc. |
|
United States |
|
Philips MPEG Inc. |
|
United States |
|
Philips Oral Healthcare, Inc. |
|
United States |
|
Philips Electronics North America Corporation |
|
United States |
|
Philips Medical Systems Export, Inc. |
|
United States |
|
Project Realty LLC |
|
United States |
|
Philips Electronics Realty Corporation |
|
United States |
|
Remediation Services, Inc. |
|
United States |
|
Scientific Medical Systems International, Inc. |
|
United States |
|
Philips CSI Inc. |
|
United States |
|
Philips Semiconductor Manufacturing Inc. |
|
United States |
|
Philips Semiconductors Inc. |
|
United States |
|
Philips S Ventures LP Incorporated |
|
United States |
|
U.S. Philips Corporation |
|
United States |
|
Compass Design Automation, Inc. |
|
United States |
|
Philips Ventures II Incorporated |
|
United States |
|
Philips Ventures Incorporated |
|
United States |
|
Advanced Micro Devices, Inc. |
|
United States |
|
Mobility Electronics, Inc. |
|
United States |
|
Zymed Puerto Rico, Inc. |
|
United States |
|
Philips Healthcare Informatics, Inc. |
|
United States |
|
Picker International del Caribe, Inc. |
|
United States |
|
Lifeline Systems, Inc. |
|
United States |
|
370 West Trimble Road Corporation |
|
United States |
|
Philips UQE Holding Company, Inc. |
|
United States |
|
Side-Lite, LLC |
|
United States |
|
Philips Medical Systems MR, Inc. |
|
United States |
|
Invivo Corporation |
|
United States |
|
SuperPower Inc. |
|
United States |
|
Witt Biomedical Corporation |
|
United States |
|
MRI Devices Corporation |
|
United States |
|
IGC-Superpower, LLC |
|
United States |
|
Lifeline Systems Company |
|
United States |
|
Philips & Lite-on Digital Solutions USA, Inc. |
|
United States |
|
Philips Solid-State Lighting Solutions, Inc. |
|
United States |
|
Raytel USA, Inc. |
|
United States |
|
Cardiac Evaluation Services, Inc. |
|
United States |
|
Raytel Cardiac Services, Inc. |
|
United States |
|
Raytel Imaging Network, Inc. |
|
United States |
|
The Genlyte Group Incorporated |
|
United States |
|
Hanover Lantern Inc. |
|
United States |
|
New Oxford Aluminum LLC |
|
United States |
|
Shakespeare Composite Structures LLC |
|
United States |
|
Sportlite, Inc. |
|
United States |
|
Strand Lighting Inc. |
|
United States |
|
Genlyte Thomas Group LLC |
|
United States |
|
Translite Sonoma, LLC |
|
United States |
|
Yort Inc. |
|
United States |
|
VISICU, Inc. |
|
United States |
|
Respironics, Inc. |
|
United States |
|
Respironics Bermuda Ltd. |
|
United States |
|
Respironics California, Inc. |
|
United States |
|
Respironics Charitable Foundation |
|
United States |
|
Children’s Medical Ventures, LLC |
|
United States |
|
Respironics Colorado, Inc. |
|
United States |
|
Respironics International, Inc. |
|
United States |
|
Respironics International Global Enterprises, Inc. |
|
United States |
|
Mini-Mitter Company, Inc. |
|
United States |
|
Respironics New Jersey, Inc. |
|
United States |
|
Respironics Novametrix, LLC |
|
United States |
|
Pro-Tech Services Inc. |
|
United States |
|
RI Assurance, Inc. |
|
United States |
|
RIC Investments, LLC |
|
United States |
|
RI Finance, Inc. |
|
United States |
|
RI Trading, LLC |
|
United States |
|
Respironics Sleep & Respiratory Research Foundation |
|
United States |
|
RI Licensing, Inc. |
|
United States |
|
Dixtal Medical, Inc. |
|
United States |
|
Teletrol Systems, Inc. |
|
United States |
|
|
|
|
|
Company |
|
Country of
Incorporation |
|
Saeco USA Inc. |
|
United States |
|
Philips Consumer Luminaires Corporation |
|
United States |
|
Luceplan USA, Inc |
|
United States |
|
Discus Holdings, Inc. |
|
United States |
|
Discus Dental, LLC |
|
United States |
|
ZAP Lasers, LLC |
|
United States |
|
Spectrum Dental, LLC |
|
United States |
|
Discus Dental Exports, Inc. |
|
United States |
|
Discus International, LLC |
|
United States |
|
Discus Dental Canada, LLC |
|
United States |
|
Philips Electronics Systems S.A. |
|
Uruguay |
|
Philips Uruguay S.A. |
|
Uruguay |
|
Industrias Venezolanas Philips, S.A. |
|
Venezuela |
|
Philips Electronics Vietnam Limited |
|
Viet Nam |
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.46.13 |
|
UK Pound |
1 |
Rs.74.18 |
|
Euro |
1 |
Rs.64.88 |
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.