MIRA INFORM REPORT

 

 

Report Date :

16.06.2012

 

IDENTIFICATION DETAILS

 

Name :

AGILENT TECHNOLOGIES SINGAPORE (SALES) PTE. LTD.

 

 

Registered Office :

7 Temasek Boulevard #08-01 Suntec Tower One Singapore 038987

 

 

Country :

Singapore

 

 

Financials (as on) :

31.10.2011

 

 

Date of Incorporation :

13.08.1999

 

 

Com. Reg. No.:

199904761K

 

 

Legal Form :

Limited Private Company

 

 

Line of Business :

General Wholesale Trade (Including General Importers And Exporters)

 

 

No. of Employees :

Not Available 

 

RATING & COMMENTS

 

MIRA’s Rating :

B

 

RATING

STATUS

PROPOSED CREDIT LINE

26-40

B

Capability to overcome financial difficulties seems comparatively below average.

Small

 

Status :

Moderate

 

 

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 – March 31st, 2012

 

Country Name

Previous Rating

(31.12.2011)

Current Rating

(31.03.2012)

Singapore

A1

A1

 

Risk Category

ECGC Classification

Insignificant

 

A1

Low

 

A2

Moderate

 

B1

High

 

B2

Very High

 

C1

Restricted

 

C2

Off-credit

 

D

 

Company Name:

Registered Number:

AGILENT TECHNOLOGIES SINGAPORE (SALES) PTE. LTD.

199904761K

 

Date Incorporated:

Registered Office:

Telephone Number:

13/08/1999

7 TEMASEK BOULEVARD #08-01 SUNTEC TOWER ONE SINGAPORE 038987

6377 1688

Age of Company:

Website:

Industry Type:

13

www.agilent.com

COMMERCE-WHOLESALE

 

 

 

Risk Dashboard

 

Days Beyond Terms

Trend:

No. of Litigation Counts:

 

Company DTC:

NA

 

8

 

Payment pattern as per previous month

No. of Charges(s):
1

 

Industry DTC

 

24

 

Directors

 

Corporate Structure

Number of Current Directors

6

Holding Company:

AGILENT TECHNOLOGIES SINGAPORE (INTERNATIONAL) PTE. LTD.

Number that are shareholders

1

No. of Subsidiaries & Associated Companies:

1

 

EXECUTIVE SUMMARY

 

Company Name

:

AGILENT TECHNOLOGIES SINGAPORE (SALES) PTE. LTD.

Registration No

:

199904761K

Date of Registration

:

13/08/1999

Former Name

:

AGILENT TECHNOLOGIES SINGAPORE (SALES) PTE LTD Eff. date : 13/08/1999 Eff. date : 13/08/1999

Date of Change of Name

:

NA

Type of Company

:

LIMITED PRIVATE COMPANY

Business address

:

1 Yishun Avenue 7 Singapore 768923, Singapore

Registered Address

:

7 TEMASEK BOULEVARD #08-01 SUNTEC TOWER ONE SINGAPORE 038987

Date of Change of Address

:

07/08/2010

Amalgamated With

:

AGILENT TECHNOLOGIES SINGAPORE (SALES) PTE LTD 199904761K

AGILENT TECHNOLOGIES SINGAPORE (SALES) PTE LTD 199904761K

Amalgamated To Form

:

AGILENT TECHNOLOGIES SINGAPORE (SALES) 199904761K

Amalgamation Eff Date

:

01/11/2010

Contact No.

:

6377 1688

Fax No.

:

6270 8372

Website

:

www.agilent.com

Registered Activities

:

GENERAL WHOLESALE TRADE (INCLUDING GENERAL IMPORTERS AND EXPORTERS)

Issued Ordinary Capital*

:

$54,350,551.97 SINGAPORE, DOLLARS ,NO. OF SHARE : 1,310,734

Issued Preference Capital

:

NA

Paid-Up Ordinary Capital

:

$54,350,551.97 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

:

PRICEWATERHOUSECOOPERS LLP

Bankers / Financiers

:

OVERSEA-CHINESE BANKING CORPORATION LIMITED

Turnover

:

SGD - SIN 2,005,069,412.00 (FY2011)

Net Worth

:

SGD - SIN 77,060,931.00 (FY2011)

No. of Bank Charges

:

1

No. of Litigation Suits

:

NA

S1000 / SME 1000 / FG50 Ranking

:

221 POSITION IN Singapore 1000 Companies Ranked by Sales/Turnover (2010/2011)

209 POSITION IN Singapore 1000 Companies Ranked by Sales/Turnover (2009/2010)

168 POSITION IN Singapore 1000 Companies Ranked by Sales/Turnover (2008/2009)

623 POSITION IN Singapore 1000 Companies Ranked by Net Profit (2008/2009)

168 POSITION IN Singapore 1000 Companies Ranked by Sales/Turnover (2007/2008)

Compounded Annual Growth Rate (CAGR)

:

4.84% (4 years)

 

 

SHAREHOLDER DETAILS

 

NAME

:

AGILENT TECHNOLOGIES SINGAPORE (INTERNATIONAL) PTE. LTD.

SHAREHOLDER ID

:

200923087N

NATIONALITY

:

SINGAPORE

ADDRESS

:

7 TEMASEK BOULEVARD #08-01 SUNTEC TOWER ONE SINGAPORE 038987

NO. OF ORD SHARES

:

1,310,734

% OF SHAREHOLDING

:

100%

CURRENCY

:

SINGAPORE, DOLLARS

 

 

OFFICER DETAILS

 

NAME

:

GOOI SOON CHAI

ADDRESS

:

2 HALAMAN CANTONMENT, 10350 PENANG MALAYSIA

POSITION

:

DIRECTOR

DATE OF APPT

:

05/10/2005

NATIONALITY

:

MALAYSIAN

I/C PASSPORT

:

A22777263

 

NAME

:

ROBIN JAY YOUNG

ADDRESS

:

39 MOUNT SINAI RISE #03-02 FONTANA HEIGHTS SINGAPORE 276957

POSITION

:

DIRECTOR

DATE OF APPT

:

15/11/2000

NATIONALITY

:

CANADIAN

I/C PASSPORT

:

BA688380

 

NAME

:

CHEE ENG CHUAN CHARLES

ADDRESS

:

22 WILBY ROAD #01-17 TESSARINA, THE SINGAPORE 276306

POSITION

:

DIRECTOR

DATE OF APPT

:

03/08/2007

NATIONALITY

:

SINGAPORE CITIZEN

I/C PASSPORT

:

S0035099J

 

NAME

:

TAN LI HUANG MARY LYNNE

ADDRESS

:

50 GOLDHILL AVENUE #01-02 MOUNT ROSIE GARDEN SINGAPORE 309031

POSITION

:

 

DATE OF APPT

:

 

NATIONALITY

:

SINGAPORE CITIZEN

I/C PASSPORT

:

S1654258Z

 

NAME

:

YANG ENG HUAT

ADDRESS

:

119 MARSILING RISE #06-132 SINGAPORE 730119

POSITION

:

DIRECTOR

DATE OF APPT

:

09/02/2004

NATIONALITY

:

SINGAPORE CITIZEN

I/C PASSPORT

:

S1745013A

 

NAME

:

CHEUNG KAM MAN

ADDRESS

:

370C ALEXANDRA ROAD #04-02 ANCHORAGE CONDOMINIUM, THE SINGAPORE 159956

POSITION

:

DIRECTOR

DATE OF APPT

:

24/08/2005

NATIONALITY

:

SINGAPORE P.R.

I/C PASSPORT

:

S2683386H

 

 

KEY PERSONNEL PROFILE

 

Name:

TAN LI HUANG MARY LYNNE

NRIC Number:

S1654258Z

Available Address:

50 GOLDHILL AVENUE #01-02 MOUNT ROSIE GARDEN  SINGAPORE 309031

 

Current Business Interest

No.

Name

Position

Appt Date

#of Share

%

1

AGILENT TECHNOLOGIES SINGAPORE (HOLDINGS) PTE. LTD.

SECRETARY

22/01/2008

-

-

2

AGILENT TECHNOLOGIES SINGAPORE (INTERNATIONAL) PTE. LTD.

SECRETARY

10/12/2009

-

-

3

AGILENT TECHNOLOGIES SINGAPORE PTE LTD

SECRETARY

27/03/2000

-

-

4

AGILENT TECHNOLOGIES SINGAPORE VISION OPERATION PTE LTD

SECRETARY

27/03/2000

-

-

5

AMURA CONSULTING PTE. LTD.

SECRETARY

04/07/2006

-

-

6

AT ASSET MANAGEMENT PTE. LTD.

SECRETARY

21/05/2012

-

-

7

CANDELA GROUP PTE. LTD.

SECRETARY

17/03/2011

-

-

8

CNT HEALTH FOOD PTE LTD

SECRETARY

18/02/2005

-

-

9

CONSCENDO CAPITAL PTE. LTD.

SECRETARY

30/03/2007

-

-

10

FORTUNA ALBUS PTE. LTD.

SECRETARY

31/08/2011

-

-

11

IN-CORP SERVICES PTE. LTD.

DIRECTOR

31/07/2002

4

50.00

12

IN-CORP SERVICES PTE. LTD.

SECRETARY

31/07/2002

4

50.00

13

INOILCO OFFSHORE SINGAPORE PTE. LTD.

SECRETARY

12/04/2012

-

-

14

OAKS FAMILY OFFICE PTE. LTD.

SECRETARY

08/12/2003

-

-

15

OKS CAPITAL PTE. LTD.

SECRETARY

15/04/2005

-

-

16

OPIS ASSET MANAGEMENT PTE. LTD.

SECRETARY

20/08/2004

-

-

17

PACIFIC HARBOR ADVISORS PTE. LTD.

SECRETARY

26/10/2006

-

-

18

PKWA LAW PRACTICE LLC

DIRECTOR

12/02/2004

12501

25.00

19

SWISS ASIA CAPITAL (SINGAPORE) PTE LTD

SECRETARY

01/07/2004

-

-

20

TOVERNE TRADING PTE LTD

SECRETARY

20/03/1996

-

-

21

WAI YUEN TONG (SINGAPORE) HEALTH FOOD PTE. LTD.

SECRETARY

01/10/2004

-

-

 

Previous Business

No.

Name

 

 

Status

Position

Appt Date

Last Known Inactive Date

1

AARDWOLF SUPPORT & E-ALLIANCE NETWORK PTE. LTD.

STRUCK OFF

DIRECTOR

22/05/1997

23/12/1999

2

AARDWOLF SUPPORT & E-ALLIANCE NETWORK PTE. LTD.

STRUCK OFF

SECRETARY

22/05/1997

23/12/1999

3

AGILENT TECHNOLOGIES SINGAPORE (SALES) PTE. LTD.

LIVE COMPANY

DIRECTOR

13/08/1999

10/09/1999

4

AGILENT TECHNOLOGIES SINGAPORE (SALES) PTE. LTD.

LIVE COMPANY

SECRETARY

27/03/2000

01/11/2010

5

ALLIANCE PARTNERSHIP PTE. LTD.

STRUCK OFF

SECRETARY

01/07/2002

24/02/2006

6

AMBARVILLE INVESTMENTS PTE LTD

STRUCK OFF

SECRETARY

20/03/1996

13/05/2008

7

ANPEX TRADING PTE LTD

STRUCK OFF

SECRETARY

20/03/1996

30/06/2010

8

AUSTRALIAN PRODUCE MARKETING PTE LIMITED

STRUCK OFF

SECRETARY

22/01/1999

24/06/2002

9

BONNE SANTE HOLDINGS PTE LTD

STRUCK OFF

DIRECTOR

21/06/1996

21/06/1996

10

CALANDRA PTE LTD

STRUCK OFF

SECRETARY

22/02/2001

02/07/2002

11

CARTWHEEL PTE LIMITED

STRUCK OFF

SECRETARY

22/04/1999

01/03/2002

12

CASHTREE PTE LTD

STRUCK OFF

DIRECTOR

19/07/1995

19/03/1996

13

CASHTREE PTE LTD

STRUCK OFF

SECRETARY

20/03/1996

01/01/2010

14

CREATIVE CHOICE PTE LTD

STRUCK OFF

SECRETARY

31/07/1998

16/09/1999

15

DESIGNMAX PTE LTD

STRUCK OFF

SECRETARY

12/01/1998

08/02/1999

16

E001.COM PTE LTD

STRUCK OFF

DIRECTOR

04/02/2000

01/12/2000

17

E001.COM PTE LTD

STRUCK OFF

SECRETARY

01/05/2000

01/01/2004

18

ELITE PEST MANAGEMENT PTE LTD

LIVE COMPANY

SECRETARY

25/03/1996

31/01/2002

19

ENABLING ASIA PTE. LTD.

STRUCK OFF

DIRECTOR

01/08/2006

01/08/2006

20

ENABLING ASIA PTE. LTD.

STRUCK OFF

SECRETARY

01/08/2006

31/05/2010

21

EXPRESS SUCCESS PTE LTD

DISSOLVED - MEMBERS' VOLUNTARY WINDING UP

SECRETARY

08/12/1997

01/04/1998

22

HIGHFLYING INVESTMENTS PTE LTD

STRUCK OFF

DIRECTOR

19/07/1995

19/03/1996

23

HIGHFLYING INVESTMENTS PTE LTD

STRUCK OFF

SECRETARY

20/03/1996

01/01/2010

24

INCORPORATIONS NETWORK PTE LTD

STRUCK OFF

SECRETARY

01/05/2000

26/09/2000

25

INFINITY VENTURES (INC) PTE LTD

STRUCK OFF

SECRETARY

01/01/2002

01/07/2004

26

INNOWEB.COM PTE LTD

STRUCK OFF

SECRETARY

01/03/2000

20/08/2001

27

KING WAI GROUP PTE LTD

LIVE COMPANY

SECRETARY

26/03/1996

01/09/2005

28

KNS GLOBAL CORPORATION PTE LTD

STRUCK OFF

SECRETARY

01/07/2002

01/09/2005

29

LINK-TAT MARKETING (ASIA) PTE LTD

LIVE COMPANY

SECRETARY

09/04/2001

23/12/2003

30

MAIDA VALE CONSULTING GROUP PTE. LTD.

STRUCK OFF

SECRETARY

01/03/2003

09/03/2004

31

MAMAS' LITTLE ANGELS PTE. LTD.

LIVE COMPANY

SECRETARY

01/05/2007

15/03/2010

32

MARKETINGWORKZ PTE. LTD.

STRUCK OFF

DIRECTOR

19/06/1996

19/06/1996

33

MEDIA SOLUTIONS GROUP PTE. LTD.

STRUCK OFF

SECRETARY

08/04/2003

31/01/2007

34

MILLENEX (S) PTE LTD

STRUCK OFF

DIRECTOR

06/05/2000

07/06/2000

35

MILLENEX (S) PTE LTD

STRUCK OFF

SECRETARY

16/05/2000

18/01/2009

36

OBJECTIVE SYSTEMS INTEGRATORS PTE LTD

IN LIQUIDATION - MEMBERS' VOLUNTARY WINDING UP

SECRETARY

26/02/2001

20/12/2001

37

OFFICE MAINTENANCE ENTERPRISE PTE LTD

LIVE COMPANY

SECRETARY

12/04/1996

20/01/1998

38

OKS INVESTMENTS (S) PTE. LTD.

DISSOLVED - MEMBERS' VOLUNTARY WINDING UP

DIRECTOR

31/10/2002

03/03/2003

39

OKS INVESTMENTS (S) PTE. LTD.

DISSOLVED - MEMBERS' VOLUNTARY WINDING UP

SECRETARY

01/12/2002

03/04/2007

40

ORIENT TELECOMMUNICATIONS NETWORKS PTE. LTD.

DISSOLVED - COMPULSORY WINDING UP (INSOLVENCY)

SECRETARY

01/07/2002

28/07/2005

41

ORMOND INTERNATIONAL PTE LTD

DISSOLVED - MEMBERS' VOLUNTARY WINDING UP

DIRECTOR

25/11/1996

04/03/1997

42

ORMOND INTERNATIONAL PTE LTD

DISSOLVED - MEMBERS' VOLUNTARY WINDING UP

SECRETARY

06/12/1996

13/02/2002

43

PACIFIC HARBOR ADVISORS PTE. LTD.

LIVE COMPANY

DIRECTOR

03/10/2006

26/10/2006

44

PADANG PROPERTY PTE LTD

STRUCK OFF

SECRETARY

08/03/2000

23/05/2001

45

PAKKO PTE. LTD.

LIVE COMPANY

SECRETARY

02/05/2000

18/02/2005

46

PEOPLE ELEMENTS PTE. LTD.

LIVE COMPANY

DIRECTOR

14/08/2003

05/11/2003

47

PSIBER DATA PTE. LTD.

LIVE COMPANY

SECRETARY

01/09/2010

08/03/2011

48

RESYSTA ASIA PTE. LTD.

LIVE COMPANY

SECRETARY

26/03/1996

01/09/2005

49

RICHCO INVESTMENTS PTE LTD

STRUCK OFF

DIRECTOR

19/07/1995

19/03/1996

50

RICHCO INVESTMENTS PTE LTD

STRUCK OFF

SECRETARY

20/03/1996

01/01/2010

51

RL GLOBAL CAPITAL PTE. LTD.

LIVE COMPANY

SECRETARY

12/10/2005

01/01/2011

52

SCOTIA ASIA PTE. LTD.

LIVE COMPANY

SECRETARY

01/08/2000

20/01/2006

53

SHENSTONE INVESTMENTS PTE LTD

LIVE COMPANY

SECRETARY

20/03/1996

01/12/2005

54

SINO GAS PTE LTD

STRUCK OFF

SECRETARY

03/06/1996

26/11/1999

55

STELLAR PARTNERS PTE. LTD.

STRUCK OFF

SECRETARY

01/07/2006

31/01/2011

56

STRAITS PRECISION PTE LTD

AMALGAMATED

SECRETARY

23/12/1998

28/04/1999

57

TELEGIS NETWORKS (SINGAPORE) PTE LTD

STRUCK OFF

DIRECTOR

15/07/2000

26/01/2002

58

TELEGIS NETWORKS (SINGAPORE) PTE LTD

STRUCK OFF

SHAREHOLDER

-

-

59

THOMSON FAR EAST PTE. LTD.

STRUCK OFF

DIRECTOR

28/12/1999

07/07/2000

60

TRUSTNET (SINGAPORE) PTE LIMITED

STRUCK OFF

SECRETARY

31/03/1997

30/04/2002

61

UCI INTERNATIONAL PTE LTD

STRUCK OFF

SECRETARY

01/12/2000

11/03/2002

62

VALUAIR LIMITED

LIVE COMPANY

DIRECTOR

31/03/2003

26/05/2003

63

VALUAIR LIMITED

LIVE COMPANY

SECRETARY

20/05/2003

31/12/2004

64

VALUE MANAGEMENT PTE. LTD.

STRUCK OFF

SECRETARY

20/05/2003

24/02/2006

65

WAI YUEN TONG (SINGAPORE) HEALTH FOOD PTE. LTD.

LIVE COMPANY

DIRECTOR

30/04/2004

01/01/2008

 

 

Bankruptcy Record

Case No.

Year

Date of Filing

Petitioner Name

Amount

No Trace

 

 

 

 

 

Litigation Search – Writ of Summons

Court

Case No.

Transfer

Year

Date of Filing

Amount

Cause Category

M

9960

-

2005

27/04/2005

SGD 42,168.00

-

 

 

SUBSIDIARIES AND ASSOCIATE COMPANIES

 

Company

Shareholdings (%)

 

VARIAN TECHNOLOGIES PTE. LTD.

100

                                                                                                                       

 

BANKERS/ FINANCIERS

 

Subject enjoys a normal banking routine with its bankers. To date, there have been 1 bank charges registered against Subject by its bankers. The charge numbers are:

 

1)

Charge No.

:

C200303857

 

Date of Registration

:

08/08/2003

 

Chargee

:

OVERSEA-CHINESE BANKING CORPORATION LIMITED

 

Amount Secured  and Currency

:

All Monies

 

Address

:

---

 

 

LITIGATION

 

Clear

 

 

COMPLIANCE

 

Date of Last AGM

:

01/02/2012

Date of Last AR

:

07/02/2012

Date of A/C Laid At Last AGM

:

31/10/2011
 

COMPLIANCE RATING FOR ANNUAL FILING

 

ANNUAL GENERAL MEETING,ANNUAL RETURN AND ACCOUNTS UP-TO-DATE

 

Note:

 

Provided by ACRA (Accounting and Corporate Regulatory Authority), the Compliance Rating for Annual Filing measures a company’s compliance with the provisions under S175, S197 or S201 of the Companies Act, Cap. 50.

 

Applicable to all “Live” locally incorporated companies except for the Limited Partnerships, Limited Liability Partnerships, Business Entities, Foreign Companies and Public Accounting Firms, the rating provide information on whether a company is up-to-date with the holding of its Annual General Meeting (AGM) with up-to-date financial statements and filing of its Annual Return (AR).

 

For more information: www.acra.gov.sg/compliance

 

 

FINANCIAL HIGHLIGHTS

 

Financial Figures

Company

 

OCT 2011

% Change

OCT 2010

OCT 2009

OCT 2008

OCT 2007

Currency

SGD - SIN

 

SGD - SIN

SGD - SIN

SGD - SIN

SGD - SIN

Profit and Loss Key Figures

 

 

 

 

 

 

Turnover

2,005,069,412

19.55

1,677,140,432

1,343,801,509

1,706,588,486

1,659,752,413

Profit/(Loss) Before Tax

4,842,617

-46.07

8,979,887

9,909,036

23,171,257

(15,137,972)

Profit After Tax attributable

 to Shareholders

4,142,737

-29.23

5,853,576

1,746,234

24,674,022

(12,131,936)

 

 

 

 

 

 

 

Balance Sheet Key Figures

 

 

 

 

 

 

Total Assets

576,360,579

-2.50

591,136,903

562,503,357

616,267,166

685,071,050

Current Assets

573,938,014

-2.40

588,069,761

558,996,202

613,420,488

678,738,638

Non Current Assets

2,422,565

-21.02

3,067,142

3,507,155

2,846,678

6,332,412

 

 

 

 

 

 

 

Total Liabilities

499,299,647

-2.48

511,984,277

483,502,774

481,639,671

536,263,159

Current Liabilities

439,789,745

-5.76

466,662,405

449,233,109

442,494,684

494,965,083

Non Current Liabilities

59,509,902

31.31

45,321,872

34,269,665

39,144,987

41,298,076

 

 

 

 

 

 

 

Shareholders' Funds

77,060,931

-2.64

79,152,626

79,000,582

134,627,494

148,807,891

Share Capital

59,163,103

-7.76

64,138,904

68,457,087

112,069,151

7,167,422

Total Reserves

17,897,828

19.21

15,013,722

10,543,495

22,558,343

141,640,469

 

 

FINANCIAL RATIOS 

 

 

Company

 

OCT 2011

OCT 2010

OCT 2009

OCT 2008

OCT 2007

Growth %

 

 

 

 

 

Year-on-Year Growth

19.55

24.81

-21.26

2.82

NA

 

 

 

 

 

 

Profitability

 

 

 

 

 

Profit Margin (%)

0.21

0.35

0.13

1.45

-0.73

Return on Equity (%)

5.38

7.40

2.21

18.33

-8.15

Return on Assets (%)

0.72

0.99

0.31

4.00

-1.77

 

 

 

 

 

 

Leverage

 

 

 

 

 

Total Debt/Equity (Times)

6.48

6.47

6.12

3.58

3.60

Current Debt/Equity (Times)

5.71

5.90

5.69

3.29

3.33

Long Term Debt To Equity (Times)

0.77

0.57

0.43

0.29

0.28

Total Asset To Total Equity (Times)

7.48

7.47

7.12

4.58

4.60

 

 

 

 

 

 

Asset Management

 

 

 

 

 

Total Assets Turnover (Times)

3.48

2.84

2.39

2.77

2.42

Fixed Assets Turnover (Times)

827.66

546.81

383.16

599.50

262.10

 

 

 

 

 

 

Liquidity

 

 

 

 

 

Current Ratio (Times)

1.31

1.26

1.24

1.39

1.37

 

 

 

FINANCIAL COMMENTARY

 

Compound Annual Growth Rate

 

The company's CAGR is 4.84% (4 years).

 

CAGR is the year-over-year growth rate of a company over a specified period. Instead of looking at the average growth rate, CAGR allow users to look at the annualized growth rate of a company over a given period, a more indicative measure of growth of a company’s performance over a given period.

 

Profitability

The company yielded a rate of net profit on sales of 0.21 per cent in FY11 (FY10: 0.35 per cent). The company is now able to book in SGD - SIN 0.00 of profit for every SGD - SIN of sales in FY11, as compared with SGD - SIN 0.00 a year ago.

 

Liquidity

Current ratio stood at 1.31 times in FY11 (FY10: 1.26 times). This means that the company has SGD - SIN 1.31 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 6.48 times in FY11, compared with 6.47 times in FY10. This means that the company requires additional external financing of SGD - SIN 6.48 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 5.38 per cent for Subject in the current financial period, as compared to 7.40 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 0.72 per cent (FY10: 0.99 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 3.48 times in FY11 (FY10: 2.84 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.55.76

UK Pound

1

Rs.86.69

Euro

1

Rs.70.44

 

INFORMATION DETAILS

 

Report Prepared by :

MNL

 

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

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NB

New Business

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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%)

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