MIRA
INFORM REPORT
|
Report Date : |
26.05.2012 |
IDENTIFICATION DETAILS
|
Name : |
LIFE TECHNOLOGIES HOLDINGS PTE. LTD. |
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Formerly Known As : |
INVITROGEN SINGAPORE PTE LTD |
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Registered Office : |
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Country : |
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Financials (as on) : |
31.12.2010 |
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Date of Incorporation : |
07.07.2001 |
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Com. Reg. No.: |
200104491K |
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Legal Form : |
Limited Private Company |
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Line of Business : |
Other Personal Service Activities Nec Manufacturer, Sales & Distribution of genetically engineered products |
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No. of Employees : |
Not Available |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
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Status : |
Satisfactory |
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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, 2012
|
Country Name |
Previous Rating (31.12.2011) |
Current Rating (31.03.2012) |
|
Singapore |
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 |
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Company Name: |
Registered Number: |
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LIFE TECHNOLOGIES HOLDINGS PTE. LTD. |
200104491K |
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Date Incorporated: |
Registered Office: |
Telephone Number: |
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07/07/2001 |
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6861 8638 |
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Age of Company: |
Website: |
Industry Type: |
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11 |
NA |
COMMERCE-WHOLESALE |
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Risk Dashboard |
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Days Beyond
Terms |
Trend: |
No. of
Litigation Counts: |
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Company DTC: |
NA |
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13 |
|||
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Payment pattern
as per previous month |
No. of
Charges(s): |
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Industry DTC |
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25 |
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Directors |
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Corporate
Structure |
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Number of
Current Directors |
14 |
Holding Company: |
APPLIED BIOSYSTEMS B.V. |
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Number that are
shareholders |
1 |
No. of
Subsidiaries & Associated Companies: |
NA |
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EXECUTIVE SUMMARY
|
: |
LIFE TECHNOLOGIES
HOLDINGS PTE. LTD. |
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Registration No |
: |
200104491K |
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Date of Registration |
: |
07/07/2001 |
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Former Name |
: |
1.INVITROGEN (SINGAPORE) PTE
LTD Eff. date : 07/07/2001 Eff. date : 07/07/2001 2.INVITROGEN SINGAPORE
PTE LTD Eff. date : 21/08/2001 Eff. date : 21/08/2001 |
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Date of Change of Name |
: |
01/10/2011 |
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Type of Company |
: |
LIMITED PRIVATE COMPANY |
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Registered Address |
: |
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Date of Change of Address |
: |
01/12/2005 |
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Contact No. |
: |
6861 8638 |
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Fax No. |
: |
6861 9391 |
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Website |
: |
NA |
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Registered Activities |
: |
OTHER PERSONAL SERVICE
ACTIVITIES NEC MANUF, SALES &
DISTRIBUTION OF GENETICALLY ENGINEERED PRODUCTS |
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Issued Ordinary Capital* |
: |
$112,614,306.00 |
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Issued Preference Capital |
: |
NA |
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Paid-Up Ordinary Capital |
: |
$112,614,306.00 SINGAPORE,
DOLLARS |
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Paid-Up Preference
Capital |
: |
NA |
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* Number of Shares
includes number of Issued Treasury Shares |
||
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Issued Treasury Capital |
: |
NA |
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Paid-Up Treasury Capital |
: |
NA |
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No. of Local Subsidiaries |
: |
NA |
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No. of Local Associates |
: |
NA |
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Auditor |
: |
ERNST & YOUNG LLP |
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Bankers / Financiers |
: |
NA |
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Turnover |
: |
SINGAPORE, DOLLARS
24,698,751.00 (FY2010) |
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Net Worth |
: |
SINGAPORE, DOLLARS
6,274,296.00 (FY2010) |
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No. of Bank Charges |
: |
NA |
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No. of Litigation Suits |
: |
NA |
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S1000 / SME 1000 / FG50
Ranking |
: |
|
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Compounded Annual Growth
Rate (CAGR) |
: |
26.42% (4
years) |
SHAREHOLDER DETAILS
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: |
APPLIED BIOSYSTEMS B.V. |
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SHAREHOLDER ID |
: |
T09UF1663C |
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NATIONALITY |
: |
NETHERLANDS |
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ADDRESS |
: |
HOOGEVEENENWEG 100, 2913 LV NIEUWERKERK A/D IJSSEL, THE NETHERLANDS |
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NO. OF ORD SHARES |
: |
112,614,306 |
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% OF SHAREHOLDING |
: |
100% |
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CURRENCY |
: |
SINGAPORE, DOLLARS |
OFFICER DETAILS
|
: |
GENOFFIR
MAUD MACLEOD |
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ADDRESS |
: |
57
FOTHERINGAY ROAD GLASGOW, G41 4NN SCOTLAND, UK |
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POSITION |
: |
DIRECTOR |
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DATE OF APPT |
: |
21/12/2009 |
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NATIONALITY |
: |
BRITISH |
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I/C PASSPORT |
: |
099057983 |
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NAME |
: |
VINOD
KUMAR DEWAN |
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ADDRESS |
: |
48B
LIVERPOOL STREET, EPSOM AUCKLAND 1023, NEW ZEALAND |
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POSITION |
: |
DIRECTOR |
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DATE OF APPT |
: |
01/12/2009 |
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NATIONALITY |
: |
NEW
ZEALANDER |
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I/C PASSPORT |
: |
EA949403 |
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NAME |
: |
JASON
HOFFMANN HALSEY |
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ADDRESS |
: |
3
BUCKLEY ROAD #03-03 THREE BUCKLEY SINGAPORE 309752 |
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POSITION |
: |
DIRECTOR |
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DATE OF APPT |
: |
31/10/2011 |
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NATIONALITY |
: |
AMERICAN |
|
I/C PASSPORT |
: |
G6448978Q |
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NAME |
: |
MARK
IVOR SMEDLEY |
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ADDRESS |
: |
5
SUNSET AVENUE RAFFLES PARK SINGAPORE 288248 |
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POSITION |
: |
DIRECTOR |
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DATE OF APPT |
: |
27/01/2011 |
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NATIONALITY |
: |
BRITISH |
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I/C PASSPORT |
: |
G6482317K |
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NAME |
: |
ANTHONY
ANNE CATHARINE |
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ADDRESS |
: |
8
LORONG 29 GEYLANG #07-06 SINGAPORE 388064 |
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POSITION |
: |
SECRETARY |
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DATE OF APPT |
: |
15/07/2009 |
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NATIONALITY |
: |
SINGAPORE
CITIZEN |
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I/C PASSPORT |
: |
S1347717E |
KEY PERSONNEL PROFILE
|
VINOD KUMAR DEWAN |
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NRIC Number: |
EA949403 |
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Available Address: |
48B LIVERPOOL STREET, EPSOM
AUCKLAND 1023, NEW ZEALAND |
Current Business Interest
|
No. |
Name |
Position |
Appt Date |
#of Share |
% |
|
APPLIED BIOSYSTEMS ASIA PTE LTD |
DIRECTOR |
19/02/2009 |
- |
- |
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2 |
LIFE TECHNOLOGIES HOLDINGS
PTE. LTD. |
DIRECTOR |
01/12/2009 |
- |
- |
Previous Business
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No. |
Name |
Status |
Position |
Appt Date |
Last Known Inactive Date |
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Bankruptcy Record
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Case
No. |
Year |
Date
of Filing |
Petitioner
Name |
Amount |
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Litigation Search – Writ of Summons
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Court |
Case No. |
Transfer |
Year |
Date
of Filing |
Amount |
Cause
Category |
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SUBSIDIARIES AND ASSOCIATE COMPANIES
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Company |
Shareholdings (%) |
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BANKERS/ FINANCIERS
Subject enjoys a normal banking routine with its bankers. To
date, there are no bank charges registered against Subject by its bankers.
LITIGATION
Clear
COMPLIANCE RECORDS
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Date of Last AGM |
: |
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|
Date of Last AR |
: |
14/09/2011 |
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Date of A/C Laid At Last AGM |
: |
31/12/2010 |
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 |
||||||
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|
DEC 2010 |
% Change |
DEC 2009 |
DEC 2008 |
DEC 2007 |
DEC 2006 |
|
Currency |
SINGAPORE,
DOLLARS |
|
SGD - SIN |
SGD - SIN |
SGD - SIN |
SGD - SIN |
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Profit and Loss Key Figures |
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24,698,751 |
43.19 |
17,249,462 |
12,517,233 |
11,325,084 |
9,669,246 |
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Profit/(Loss) Before Tax |
1,127,729 |
21.56 |
927,712 |
591,093 |
686,464 |
1,472,539 |
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Profit After Tax attributable to
Shareholders |
1,001,229 |
35.36 |
739,701 |
494,494 |
560,151 |
1,177,099 |
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Balance Sheet Key Figures |
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Total Assets |
10,348,486 |
2.88 |
10,058,529 |
6,640,003 |
5,805,874 |
5,319,120 |
|
Current Assets |
9,866,479 |
4.47 |
9,443,945 |
6,213,796 |
5,025,349 |
4,169,743 |
|
Non Current Assets |
482,007 |
-21.57 |
614,584 |
426,207 |
780,525 |
1,149,377 |
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Total Liabilities |
4,074,190 |
-14.86 |
4,785,462 |
2,106,637 |
1,773,026 |
1,857,191 |
|
Current Liabilities |
4,028,245 |
-15.09 |
4,744,009 |
2,070,640 |
1,703,273 |
1,773,490 |
|
Non Current Liabilities |
45,945 |
10.84 |
41,453 |
35,997 |
69,753 |
83,701 |
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Shareholders' Funds |
6,274,296 |
18.99 |
5,273,067 |
4,533,366 |
4,032,848 |
3,461,929 |
|
Share Capital |
400,000 |
0.00 |
400,000 |
400,000 |
400,000 |
400,000 |
|
Total Reserves |
5,874,296 |
20.55 |
4,873,067 |
4,133,366 |
3,632,848 |
3,061,929 |
FINANCIAL RATIOS
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DEC
2010 |
DEC
2009 |
DEC
2008 |
DEC
2007 |
DEC 2006 |
|
Growth % |
|
|
|
|
|
|
43.19 |
37.81 |
10.53 |
17.12 |
NA |
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Profitability |
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Profit Margin (%) |
4.05 |
4.29 |
3.95 |
4.95 |
12.17 |
|
Return on Equity (%) |
15.96 |
14.03 |
10.91 |
13.89 |
34.00 |
|
Return on Assets (%) |
9.68 |
7.35 |
7.45 |
9.65 |
22.13 |
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Leverage |
|
|
|
|
|
|
Total Debt/Equity (Times) |
0.65 |
0.91 |
0.46 |
0.44 |
0.54 |
|
Current Debt/Equity (Times) |
0.64 |
0.90 |
0.46 |
0.42 |
0.51 |
|
Long Term Debt To Equity (Times) |
0.01 |
0.01 |
0.01 |
0.02 |
0.02 |
|
Total Asset To Total Equity (Times) |
1.65 |
1.91 |
1.46 |
1.44 |
1.54 |
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Asset Management |
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Total Assets Turnover (Times) |
2.39 |
1.71 |
1.89 |
1.95 |
1.82 |
|
Fixed Assets Turnover (Times) |
51.24 |
28.07 |
29.37 |
14.51 |
8.41 |
|
|
|
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Liquidity |
|
|
|
|
|
|
Current Ratio (Times) |
2.45 |
1.99 |
3.00 |
2.95 |
2.35 |
FINANCIAL COMMENTARY
Compound Annual Growth Rate
The company's CAGR is 26.42% (4 years).
CAGR is the year-over-year growth rate of a company over a specified
period. Instead of looking at the average growth rate, CAGR allow users to look
at the annualized growth rate of a company over a given period, a more
indicative measure of growth of a company’s performance over a given period.
Profitability
The company yielded a rate of
net profit on sales of 4.05 per cent in FY10 (FY09: 4.29 per cent). The company
is now able to book in SINGAPORE, DOLLARS 0.04 of profit for every SINGAPORE,
DOLLARS of sales in FY10, as compared with SINGAPORE, DOLLARS 0.04 a year ago.
Liquidity
Current ratio stood at 2.45 times in FY10
(FY09: 1.99 times). This means that the company has SINGAPORE, DOLLARS 2.45 of
current assets for every SINGAPORE, DOLLARS of current liability incurred.
A minimum figure of 1.0 would be considered the lowest limit that this
figure should reach. Any business that has a current ratio near 1.0 may be
heading for liquidity problems, and would need to be closely monitored. A
figure greater than 2.0 would be more desirable, to act as a buffer against any
short-term liquidity problems, and give creditors/bank managers a degree of
comfort when granting credit/finance.
Leverage
Total debt-to-equity ratio
notched 0.65 times in FY10, compared with 0.91 times in FY09. This means that the
company requires additional external financing of SINGAPORE, DOLLARS 0.65 for
every SINGAPORE, DOLLARS injected into its operations.
Generally, a total debt-to-equity ratio of less than 0.5
times is preferred. The ratio measures the proportion of the company's reliance
on external debt for financing, relative to the shareholder's fund. A lower
ratio would imply a greater financial safety and operating freedom for the
company.
Efficiency Ratio
Return on equity was 15.96 per cent for Subject in the current financial
period, as compared to 14.03 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 9.68 per cent (FY09: 7.35 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 2.39 times in FY10 (FY09: 1.71
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.55.73 |
|
UK Pound |
1 |
Rs.87.26 |
|
Euro |
1 |
Rs.69.84 |
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 |
|
---- |
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.