MIRA INFORM REPORT

Report Date :

21.02.2012

IDENTIFICATION DETAILS

Name :	PERKINELMER SINGAPORE PTE. LTD.

Formerly Known As :	EG&G SINGAPORE PTE LTD

Registered Office :	80 Raffles Place #32-01 Uob Plaza Singapore 048624

Country :	Singapore

Financials (as on) :	January 2010

Date of Incorporation :	14.10.1997

Com. Reg. No.:	199707113D

Legal Form :	Limited Private Company

Line of Business :	Manufacture and Repair of Engineering and Scientific Instruments

No. of Employees :	Not Available

RATING & COMMENTS

MIRA’s Rating :

RATING		STATUS	PROPOSED CREDIT LINE
41-55	Be	Overall operation is considered normal. Capable to meet normal commitments.	Satisfactory

Maximum Credit Limit :	S$1,000,000
Status :	Good
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, 2011

Country Name

Previous Rating

(30.06.2011)

Current Rating

(30.09.2011)

Singapore

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

Executive Summary

Company Name	:	PERKINELMER SINGAPORE PTE. LTD.
Registration No	:	199707113D
Date of Registration	:	14/10/1997
Former Name	:	1.BERKSHIRE INVESTMENTS PTE LTD Eff. Date : 14/10/1997 Eff. Date : 14/10/1997 2.EG&G SINGAPORE PTE LTD Eff. Date : 05/02/1998 Eff. Date : 05/02/1998 3.PERKINELMER SINGAPORE PTE LTD Eff. Date : 25/10/1999 Eff. Date : 25/10/1999
Date of Change of Name	:	25/10/1999
Type of Company	:	LIMITED PRIVATE COMPANY
Registered Address	:	80 RAFFLES PLACE #32-01 UOB PLAZA SINGAPORE 048624
Date of Change of Address	:	19/09/2008
Branch Address	:	28 AYER RAJAH CRESCENT NO. 08-01 139959, SINGAPORE
Amalgamated With	:	PERKINELMER SINGAPORE PTE LTD 199707113D PERKINELMER SINGAPORE PTE LTD 199707113D
Amalgamated To Form	:	PERKINELMER SINGAPORE 199707113D
Amalgamation Eff Date	:	19/09/2008
Contact No.	:	6311 4888
Fax No.	:	6872 6595
Website	:	www.perkinelmer.com
Registered Activities	:	1. MANUFACTURE AND REPAIR OF ENGINEERING AND SCIENTIFIC INSTRUMENTS MANUFACTURE, SERVICE AND SALE OF ANALYTICAL INSTRUMENTS 2. MANUFACTURE OF MEDICAL RESEARCH AND CLINICAL DIAGNOSTIC INSTRUMENTS AND SUPPLIES (EG REAGENTS) MANUFACTURE, SERVICE AND SALE OF ANALYTICAL INSTRUMENTS
Issued Ordinary Capital*	:	$53,752,003.00 SINGAPORE, DOLLARS ,NO. OF SHARE : 5,000,000
Issued Preference Capital	:	NA
Paid-Up Ordinary Capital	:	$53,752,003.00 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	:	1
No. of Local Associates	:	NA
Auditor	:	DELOITTE & TOUCHE LLP
Bankers / Financiers	:	NA
Turnover	:	SGD - SIN 945,841,000.00 (FY2010)
Net Worth	:	SGD - SIN 155,173,000.00 (FY2010)
No. of Bank Charges	:	NA
No. of Litigation Suits	:	1
S1000 / SME 500 / FG50 Ranking	:	291 POSITION IN Singapore 1000 Companies Ranked by Sales/Turnover (2009/2010) 498 POSITION IN Singapore 1000 Companies Ranked by Net Profit (2009/2010) 217 POSITION IN Singapore 1000 Companies Ranked by Sales/Turnover (2008/2009) 422 POSITION IN Singapore 1000 Companies Ranked by Net Profit (2008/2009) 704 POSITION IN Singapore 1000 Companies Ranked by Return on Equities (2008/2009)
Compounded Annual Growth Rate (CAGR)	:	NA

Credit Rating & Recommendation

Recommended Credit Line

S$1,000,000

SHAREHOLDER DETAILS

NAME	:	PERKINELMER INTERNATIONAL C.V.
SHAREHOLDER ID	:	T03UF1726J
NATIONALITY	:	NETHERLANDS
ADDRESS	:	LIJNDONK 256 4825 BG BREDA THE NETHERLANDS
NO. OF ORD SHARES	:	4,950,495
% OF SHAREHOLDING	:	99%
CURRENCY	:	SINGAPORE, DOLLARS

NAME	:	PERKINELMER INSTRUMENTS INTERNATIONAL, LTD
SHAREHOLDER ID	:	S97UF0658L
NATIONALITY	:	CAYMAN ISLANDS
ADDRESS	:	P O BOX 309 GEORGE TOWN GRAND CAYMAN CAYMAN ISLANDS
NO. OF ORD SHARES	:	49,505
% OF SHAREHOLDING	:	1%
CURRENCY	:	SINGAPORE, DOLLARS

OFFICER DETAILS

NAME	:	JOHN LEO HEALY
ADDRESS	:	940 WINTER STREET, WALTHAM, MASSACHUSETTS 02451, U.S.A.
POSITION	:	DIRECTOR
DATE OF APPT	:	01/09/2004
NATIONALITY	:	AMERICAN
I/C PASSPORT	:	210450839

NAME	:	TAY SEOW WAH
ADDRESS	:	50 CHOA CHU KANG NORTH 6 #15-08 YEW MEI GREEN SINGAPORE 689574
POSITION	:	DIRECTOR
DATE OF APPT	:	30/12/2011
NATIONALITY	:	SINGAPORE CITIZEN
I/C PASSPORT	:	S1618139J

NAME	:	MARIAN HO WUI MEE
ADDRESS	:	16 SHAN ROAD #02-02 PINNACLE 16 SINGAPORE 328107
POSITION	:	SECRETARY
DATE OF APPT	:	01/12/2006
NATIONALITY	:	SINGAPORE CITIZEN
I/C PASSPORT	:	S1787009B

NAME	:	DAISY AUYEUNG YIK YAN
ADDRESS	:	840 YISHUN STREET 81 #10-384 SINGAPORE 760840
POSITION	:	DIRECTOR
DATE OF APPT	:	04/06/2010
NATIONALITY	:	SINGAPORE CITIZEN
I/C PASSPORT	:	S2626105H

NAME	:	CHEW BEE LENG
ADDRESS	:	609 BEDOK RESERVOIR ROAD #08-644 SINGAPORE 470609
POSITION	:	SECRETARY
DATE OF APPT	:	13/02/2007
NATIONALITY	:	SINGAPORE CITIZEN
I/C PASSPORT	:	S7036104C

KEY PERSONNEL PROFILE

Name:	TAY SEOW WAH
NRIC Number:	S1618139J
Available Address:	50 CHOA CHU KANG NORTH 6 #15-08 YEW MEI GREEN SINGAPORE 689574

Current Business Interest

No.	Name	Position	Appt Date	#of Share	%
No Trace

Previous Business

No.

Name

Status

Position

Appt Date

Last Known Inactive Date

PERKINELMER SINGAPORE PTE. LTD.

LIVE COMPANY

DIRECTOR

01/02/2004

15/12/2011

Bankruptcy Record

Case No.	Year	Date of Filing	Petitioner Name	Amount
No Trace

Litigation Search – Writ of Summons

Court	Case No.	Year	Date of Filing	Amount	Cause Category
No Trace

SUBSIDIARIES AND ASSOCIATE COMPANIES

Company	Shareholdings (%)

FLUID SCIENCES SINGAPORE PTE LTD	100

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

To date, there have been 1 litigation suits filed against Subject.

	Current Year On/After 01 Jan 2012	Past Years Bef 01 Jan 2012

Court (Claim under normal circumstances)
Magistrate (< $80,000)	0	0
District ($80,000 - $250,000)	0	1
High (>$250,000)	0	0

Winding Up Trace		No
In litigation/Dissolved/Struck Off/In receivership		No

The details are as follows:

1)	Court	:	District Court
	Case No.	:	3992
	Date of Filing	:	10/10/2001
	Amount	:	70,000.00
	Cause	:	Contracts - Work Done And Service Rendered
	Case Status	:	CONCLUDED
	Plaintiff	:	TAM MO YEE

COMPLIANCE

Date of Last AGM	:	30/06/2011
Date of Last AR	:	28/07/2011
Date of A/C Laid At Last AGM	:	02/01/2011

FINANCIAL HIGHLIGHTS

Financial Figures	Company
	JAN 2010	% Change	DEC 2009	DEC 2008	DEC 2007
Currency	SGD - SIN		SGD - SIN	SGD - SIN	SGD - SIN
Profit and Loss Key Figures
Turnover	945,841,000	15.77	816,994,000	1,098,711,000	1,158,286,000
Profit/(Loss) Before Tax	53,126,000	9.07	48,706,000	47,969,000	73,357,000
Profit After Tax attributable to Shareholders	47,977,000	0.00	47,977,000	43,687,000	56,889,000

Balance Sheet Key Figures
Total Assets	456,949,000	0.00	456,949,000	494,836,000	591,596,000
Current Assets	394,464,000	0.00	394,464,000	432,477,000	498,963,000
Non Current Assets	62,485,000	0.00	62,485,000	62,359,000	92,633,000

Total Liabilities	301,776,000	0.00	301,776,000	363,026,000	454,100,000
Current Liabilities	227,154,000	0.00	227,154,000	263,976,000	450,260,000
Non Current Liabilities	74,622,000	0.00	74,622,000	99,050,000	3,840,000

Shareholders' Funds	155,173,000	0.00	155,173,000	131,810,000	137,496,000
Share Capital	53,752,000	0.00	53,752,000	53,752,000	53,752,000
Total Reserves	101,421,000	0.00	101,421,000	78,058,000	83,744,000

FINANCIAL RATIOS

	Company
	JAN 2010	DEC 2009	DEC 2008	DEC 2007
Growth %
Year-on-Year Growth	15.77	-25.64	-5.14	NA

Profitability
Profit Margin (%)	5.07	5.87	3.98	4.91
Return on Equity (%)	30.92	30.92	33.14	41.38
Return on Assets (%)	10.50	10.50	8.83	9.62

Leverage
Total Debt/Equity (Times)	1.94	1.94	2.75	3.30
Current Debt/Equity (Times)	1.46	1.46	2.00	3.27
Long Term Debt To Equity (Times)	0.48	0.48	0.75	0.03
Total Asset To Total Equity (Times)	2.94	2.94	3.75	4.30

Asset Management
Total Assets Turnover (Times)	2.07	1.79	2.22	1.96
Fixed Assets Turnover (Times)	15.14	13.08	17.62	12.50

Liquidity
Current Ratio (Times)	1.74	1.74	1.64	1.11

FINANCIAL COMMENTARY

Profitability

The company yielded a rate of net profit on sales of 5.07 per cent in FY10 (FY09: 5.87 per cent). The company is now able to book in SGD - SIN 0.05 of profit for every SGD - SIN of sales in FY10, as compared with SGD - SIN 0.06 a year ago.

Liquidity

Current ratio stood at 1.74 times in FY10 (FY09: 1.74 times). This means that the company has SGD - SIN 1.74 of current assets for every SGD - SIN 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 1.94 times in FY10, compared with 1.94 times in FY09. This means that the company requires additional external financing of SGD - SIN 1.94 for every SGD - SIN 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 30.92 per cent for Subject in the current financial period, as compared to 30.92 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 10.50 per cent (FY09: 10.50 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 2.07 times in FY10 (FY09: 1.79 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.49.21
UK Pound	1	Rs.77.75
Euro	1	Rs.64.58

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.