MIRA INFORM REPORT
|
Report Date : |
10.04.2013 |
IDENTIFICATION DETAILS
|
Name : |
PERKINELMER SINGAPORE PTE. LTD. |
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Formerly Known As : |
EG&G SINGAPORE PTE LTD |
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Registered Office : |
80 Raffles Place #32-01 Uob Plaza Singapore 048624 |
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Country : |
Singapore |
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Financials (as on) : |
31.01.2011 |
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Date of Incorporation : |
14.10.1997 |
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Com. Reg. No.: |
199707113D |
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Legal Form : |
Limited Private Company |
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Line of Business : |
Manufacture and repair of engineering and scientific instruments |
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No. of Employees
: |
Not Available |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
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Status : |
Good |
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Payment
Behaviour : |
No Complaints |
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Litigation : |
Exists |
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 – June 30th, 2012
|
Country Name |
Previous Rating (31.03.2011) |
Current Rating (30.06.2012) |
|
Singapore |
A1 |
A1 |
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Risk Category |
ECGC
Classification |
|
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 |
SINGAPORE - ECONOMIC OVERVIEW
Singapore has a highly developed and successful free-market economy. It enjoys a remarkably open and corruption-free environment, stable prices, and a per capita GDP higher than that of most developed countries. The economy depends heavily on exports, particularly in consumer electronics, information technology products, pharmaceuticals, and on a growing financial services sector. Real GDP growth averaged 8.6% between 2004 and 2007. The economy contracted 1.0% in 2009 as a result of the global financial crisis, but rebounded 14.8% in 2010 and 4.9% in 2011, on the strength of renewed exports. Over the longer term, the government hopes to establish a new growth path that focuses on raising productivity, which has sunk to a compound annual growth rate of just 1.8% in the last decade. Singapore has attracted major investments in pharmaceuticals and medical technology production and will continue efforts to establish Singapore as Southeast Asia's financial and high-tech hub.
Source
: CIA
Executive
Summary
SHAREHOLDER DETAILS
|
: |
PERKINELMER INTERNATIONAL C.V. |
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|
SHAREHOLDER ID |
: |
T03UF1726J |
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NATIONALITY |
: |
NETHERLANDS |
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ADDRESS |
: |
LIJNDONK 256 4825 BG BREDA THE NETHERLANDS |
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NO. OF ORD SHARES |
: |
4,950,495 |
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% OF SHAREHOLDING |
: |
99% |
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CURRENCY |
: |
SINGAPORE, DOLLARS |
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||
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NAME |
: |
PERKINELMER INSTRUMENTS INTERNATIONAL, LTD |
|
SHAREHOLDER ID |
: |
S97UF0658L |
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NATIONALITY |
: |
CAYMAN ISLANDS |
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ADDRESS |
: |
P O BOX 309 GEORGE TOWN GRAND CAYMAN CAYMAN ISLANDS |
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NO. OF ORD SHARES |
: |
49,505 |
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% OF SHAREHOLDING |
: |
1% |
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CURRENCY |
: |
SINGAPORE, DOLLARS |
OFFICER DETAILS
|
: |
JOHN
LEO HEALY |
|
|
ADDRESS |
: |
940
WINTER STREET, WALTHAM, MASSACHUSETTS 02451, U.S.A. |
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POSITION |
: |
DIRECTOR |
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DATE OF APPT |
: |
01/09/2004 |
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NATIONALITY |
: |
AMERICAN |
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I/C PASSPORT |
: |
210450839 |
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||
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NAME |
: |
TAY
SEOW WAH |
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ADDRESS |
: |
50
CHOA CHU KANG NORTH 6 #15-08 YEW MEI GREEN SINGAPORE 689574 |
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POSITION |
: |
DIRECTOR |
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DATE OF APPT |
: |
30/12/2011 |
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NATIONALITY |
: |
SINGAPORE
CITIZEN |
|
I/C PASSPORT |
: |
S1618139J |
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|
||
|
NAME |
: |
MARIAN
HO WUI MEE |
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ADDRESS |
: |
16
SHAN ROAD #02-02 PINNACLE 16 SINGAPORE 328107 |
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POSITION |
: |
SECRETARY |
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DATE OF APPT |
: |
01/12/2006 |
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NATIONALITY |
: |
SINGAPORE
CITIZEN |
|
I/C PASSPORT |
: |
S1787009B |
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|
||
|
NAME |
: |
DAISY
AUYEUNG YIK YAN |
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ADDRESS |
: |
840 YISHUN
STREET 81 #10-384 SINGAPORE 760840 |
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POSITION |
: |
DIRECTOR |
|
DATE OF APPT |
: |
04/06/2010 |
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NATIONALITY |
: |
SINGAPORE
CITIZEN |
|
I/C PASSPORT |
: |
S2626105H |
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|
||
|
NAME |
: |
CHEW
BEE LENG |
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ADDRESS |
: |
609 BEDOK
RESERVOIR ROAD #08-644 SINGAPORE 470609 |
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POSITION |
: |
SECRETARY |
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DATE OF APPT |
: |
13/02/2007 |
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NATIONALITY |
: |
SINGAPORE
CITIZEN |
|
I/C PASSPORT |
: |
S7036104C |
KEY PERSONNEL PROFILE
|
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 |
% |
|
PERKINELMER SINGAPORE PTE.
LTD. |
DIRECTOR |
30/12/2011 |
- |
- |
Previous Business
|
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
|
Court |
Case No. |
Year |
Date
of Filing |
Amount |
Cause
Category |
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SUBSIDIARIES AND ASSOCIATE
COMPANIES
|
Company |
Shareholdings (%) |
|
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|
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
there have been 1 litigation suits filed against Subject.
The details are as follows:
|
Court |
: |
District
Court |
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|
|
Case
No. |
: |
3992 |
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Date
of Filing |
: |
10/10/2001 |
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Amount
|
: |
70,000.00 |
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Cause |
: |
Contracts
- Work Done And Service Rendered |
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Case
Status |
: |
CONCLUDED |
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Plaintiff |
: |
TAM
MO YEE |
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Last
Update Date |
: |
04/08/2010 |
COMPLIANCE
|
Date of Last AGM |
: |
|
|
Date of Last AR |
: |
28/07/2011 |
|
Date of A/C Laid At Last AGM |
: |
02/01/2011 |
FINANCIAL HIGHLIGHTS
|
Financial Figures |
|||||
|
|
JAN 2011 |
% Change |
JAN 2010 |
DEC 2009 |
DEC 2008 |
|
Currency |
SINGAPORE,
DOLLARS |
|
SINGAPORE,
DOLLARS |
SGD - SIN |
SGD - SIN |
|
Profit and Loss Key Figures |
|
|
|
|
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|
813,004,000 |
-14.04 |
945,841,000 |
816,994,000 |
1,098,711,000 |
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|
Profit/(Loss) Before Tax |
52,862,000 |
-0.50 |
53,126,000 |
48,706,000 |
47,969,000 |
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Profit After Tax attributable to Shareholders |
55,171,000 |
14.99 |
47,977,000 |
47,977,000 |
43,687,000 |
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Balance Sheet Key Figures |
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Total Assets |
508,232,000 |
11.22 |
456,949,000 |
456,949,000 |
494,836,000 |
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Current Assets |
465,766,000 |
18.08 |
394,464,000 |
394,464,000 |
432,477,000 |
|
Non Current Assets |
42,466,000 |
-32.04 |
62,485,000 |
62,485,000 |
62,359,000 |
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Total Liabilities |
225,792,000 |
-25.18 |
301,776,000 |
301,776,000 |
363,026,000 |
|
Current Liabilities |
172,538,000 |
-24.04 |
227,154,000 |
227,154,000 |
263,976,000 |
|
Non Current Liabilities |
53,254,000 |
-28.63 |
74,622,000 |
74,622,000 |
99,050,000 |
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|
|
|
|
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Shareholders' Funds |
282,440,000 |
82.02 |
155,173,000 |
155,173,000 |
131,810,000 |
|
Share Capital |
53,752,000 |
0.00 |
53,752,000 |
53,752,000 |
53,752,000 |
|
Total Reserves |
228,688,000 |
125.48 |
101,421,000 |
101,421,000 |
78,058,000 |
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FINANCIAL RATIOS
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JAN
2011 |
JAN
2010 |
DEC
2009 |
DEC
2008 |
|
Growth % |
|
|
|
|
|
-14.04 |
15.77 |
-25.64 |
NA |
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Profitability |
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|
|
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Profit Margin (%) |
6.79 |
5.07 |
5.87 |
3.98 |
|
Return on Equity (%) |
19.53 |
30.92 |
30.92 |
33.14 |
|
Return on Assets (%) |
10.86 |
10.50 |
10.50 |
8.83 |
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Leverage |
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Total Debt/Equity (Times) |
0.80 |
1.94 |
1.94 |
2.75 |
|
Current Debt/Equity (Times) |
0.61 |
1.46 |
1.46 |
2.00 |
|
Long Term Debt To Equity (Times) |
0.19 |
0.48 |
0.48 |
0.75 |
|
Total Asset To Total Equity (Times) |
1.80 |
2.94 |
2.94 |
3.75 |
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Asset Management |
|
|
|
|
|
Total Assets Turnover (Times) |
1.60 |
2.07 |
1.79 |
2.22 |
|
Fixed Assets Turnover (Times) |
19.14 |
15.14 |
13.08 |
17.62 |
|
|
|
|
|
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Liquidity |
|
|
|
|
|
Current Ratio (Times) |
2.70 |
1.74 |
1.74 |
1.64 |
FINANCIAL
COMMENTARY
Profitability
The company yielded a rate of
net profit on sales of 6.79 per cent in FY11 (FY10: 5.07 per cent). The company
is now able to book in SINGAPORE, DOLLARS 0.07 of profit for every SINGAPORE,
DOLLARS of sales in FY11, as compared with SINGAPORE, DOLLARS 0.05 a year ago.
Liquidity
Current ratio stood at 2.70 times in FY11
(FY10: 1.74 times). This means that the company has SINGAPORE, DOLLARS 2.70 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 0.80 times in FY11, compared with 1.94 times in FY10. This means that
the company requires additional external financing of SINGAPORE, DOLLARS 0.80
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 19.53 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 10.86 per cent (FY10: 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 1.60 times in FY11 (FY10: 2.07
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.54.46 |
|
UK Pound |
1 |
Rs.83.13 |
|
Euro |
1 |
Rs.70.98 |
INFORMATION DETAILS
|
Report
Prepared by : |
PRL |
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%)
This report is issued at your request without any
risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL)
or its officials.