|
Report Date : |
01.08.2014 |
IDENTIFICATION DETAILS
|
Name : |
HOSPIRA |
|
|
|
|
Formerly Known As : |
MAYNE PHARMA (SEA) PTE. LTD. |
|
|
|
|
Registered Office : |
600, North Bridge Road, 11-06, |
|
|
|
|
Country : |
|
|
|
|
|
Financials (as on) : |
31.12.2013 |
|
|
|
|
Date of Incorporation : |
14.09.1987 |
|
|
|
|
Com. Reg. No.: |
198702851-G |
|
|
|
|
Legal Form : |
Private Limited Company |
|
|
|
|
Line of Business : |
· Subject is a global specialty pharmaceutical and medication delivery company driven by its vision of Advancing Wellness™. wholesaler of medicinal and pharmaceutical products. Engaged
in providing solutions to help improve the productivity, safety and
effectiveness of patient care. |
|
|
|
|
No of Employees : |
20 [2014] |
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 |
|
Status : |
Satisfactory |
|
|
|
|
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 – June 01, 2014
|
Country Name |
Previous Rating (31.03.2014) |
Current Rating (01.06.2014) |
|
Singapore |
A1 |
A1 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low Risk |
A2 |
|
Moderate Low Risk |
B1 |
|
Moderate Risk |
B2 |
|
Moderate High Risk |
C1 |
|
High Risk |
C2 |
|
Very High Risk |
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. The economy
contracted 0.6% in 2009 as a result of the global financial crisis, but
rebounded 15.1% in 2010, on the strength of renewed exports, before slowing to
in 2011-13, largely a result of soft demand for exports during the second
European recession. Over the longer term, the government hopes to establish a
new growth path that focuses on raising productivity. 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 |
* Adopted abbreviations : |
SC - Subject Company (the company enquired
by you) |
|
|
N/A - Not Applicable |
|
REGISTRATION NO. |
: |
198702851-G |
|
COMPANY NAME |
: |
HOSPIRA SINGAPORE
PTE. LTD. |
|
FORMER NAME |
: |
MAYNE PHARMA (SEA) PTE. LTD. (24/09/2007) |
|
INCORPORATION DATE |
: |
14/09/1987 |
|
|
|
|
|
|
|
|
|
COMPANY STATUS |
: |
EXIST |
|
LEGAL FORM |
: |
PRIVATE LIMITED |
|
LISTED STATUS |
: |
NO |
|
|
|
|
|
|
|
|
|
REGISTERED ADDRESS |
: |
600, NORTH BRIDGE ROAD, 11-06, PARKVIEW
SQUARE, 188778, SINGAPORE. |
|
BUSINESS ADDRESS |
: |
#11-06 PARKVIEW SQUARE 600 NORTH BRIDGE
ROAD, 188778, SINGAPORE. |
|
TEL.NO. |
: |
65-62996880 |
|
FAX.NO. |
: |
65-62931401 |
|
WEB SITE |
: |
|
|
CONTACT PERSON |
: |
SALLY ( STAFF ) |
|
|
|
|
|
|
|
|
|
PRINCIPAL ACTIVITY |
: |
·
Subject
is a global specialty pharmaceutical and medication delivery company driven
by its vision of Advancing Wellness™. wholesaler of medicinal and pharmaceutical
products. Engaged in providing solutions to help improve the
productivity, safety and effectiveness of patient care. |
|
|
|
|
|
ISSUED AND PAID UP CAPITAL |
: |
5,870,000.00 ORDINARY SHARE, OF A VALUE OF
SGD 5,870,000.00 |
|
|
|
|
|
SALES |
: |
SGD 9,750,441 [2013] |
|
NET WORTH |
: |
SGD 6,934,447 [2013] |
|
|
|
|
|
STAFF STRENGTH |
: |
20 [2014] |
|
LITIGATION |
: |
CLEAR |
|
FINANCIAL CONDITION |
: |
FAIR |
|
PAYMENT |
: |
PROMPT |
|
MANAGEMENT CAPABILITY |
: |
AVERAGE |
|
|
|
|
|
COMMERCIAL RISK |
: |
LOW |
|
CURRENCY EXPOSURE |
: |
MODERATE |
|
GENERAL REPUTATION |
: |
SATISFACTORY |
|
INDUSTRY OUTLOOK |
: |
AVERAGE GROWTH |
The Subject is a private limited company and is allowed to have a minimum of one and a maximum of forty-nine shareholders. As a private limited company, the Subject must have at least two directors. A private limited company is a separate legal entity from its shareholders. As a separate legal entity, the Subject is capable of owning assets, entering into contracts, sue or be sued by other companies. The liabilities of the shareholders are to the extent of the equity they have taken up and the creditors cannot claim on shareholders' personal assets even if the Subject is insolvent. The Subject is governed by the Companies Act and the company must file its annual returns, together with its financial statements with the Registrar of Companies.
The Subject is principally engaged in the (as a / as an) wholesale of medicinal and pharmaceutical products.
The immediate holding company of the Subject is HOSPIRA PTE. LTD., a company incorporated in SINGAPORE.
The ultimate holding company of the Subject is HOSPIRA, INC., a company incorporated in UNITED STATES.
Share Capital History
|
Date |
Issue & Paid Up Capital |
|
01/08/2014 |
SGD 5,870,000.00 |
The major
shareholder(s) of the Subject are shown as follows :
Name |
Address |
IC/PP/Loc No |
Shareholding |
(%) |
|
HOSPIRA PTE. LTD. |
600, NORTH BRIDGE ROAD, 11-06, PARKVIEW SQUARE, 188778, SINGAPORE. |
200401047R |
5,870,000.00 |
100.00 |
|
|
|
|
--------------- |
------ |
|
|
|
|
5,870,000.00 |
100.00 |
|
|
|
|
============ |
===== |
+ Also Director
DIRECTOR 1
|
Name Of Subject |
: |
RICHARD JOSEPH HOFFMAN |
|
Address |
: |
421, SOUTH FAIRVIEW, PARK RIDGE, ILLINOIS, 60068, UNITED STATES. |
|
IC / PP No |
: |
028414045 |
|
|
|
|
|
|
|
|
|
|
|
|
|
Nationality |
: |
AMERICAN |
|
Date of Appointment |
: |
01/10/2008 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
DIRECTOR 2
|
Name Of Subject |
: |
ANG KHAI MENG |
|
Address |
: |
63, DEDAP ROAD, TUAN SING PARK, 809467, SINGAPORE. |
|
IC / PP No |
: |
S1428848A |
|
|
|
|
|
|
|
|
|
|
|
|
|
Nationality |
: |
SINGAPOREAN |
|
Date of Appointment |
: |
01/09/2011 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
DIRECTOR 3
|
Name Of Subject |
: |
ANIL GERARD D'SOUZA |
|
Address |
: |
708, APPLE TREE LANE, GLENCOE, IL, 60022, UNITED STATES. |
|
IC / PP No |
: |
437163026 |
|
|
|
|
|
|
|
|
|
|
|
|
|
Nationality |
: |
AMERICAN |
|
Date of Appointment |
: |
30/11/2012 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
DIRECTOR 4
|
Name Of Subject |
: |
PAULINE ANG HOOI YEONG |
|
Address |
: |
20, PINE GROVE, 01-05, CAVENDISH PARK, 597595, SINGAPORE. |
|
IC / PP No |
: |
S0011559B |
|
|
|
|
|
|
|
|
|
|
|
|
|
Nationality |
: |
SINGAPOREAN |
|
Date of Appointment |
: |
01/03/2012 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
1) |
Name of Subject |
: |
SALLY |
|
|
Position |
: |
STAFF |
|
Auditor |
: |
DELOITTE & TOUCHE LLP |
|
Auditor' Address |
: |
N/A |
|
|
|
|
|
1) |
Company Secretary |
: |
ANTHONY ANNE CATHARINE |
|
|
IC / PP No |
: |
S1347717E |
|
|
|
|
|
|
|
Address |
: |
8, LORONG 29, GEYLANG, 07-06, 388064, SINGAPORE. |
|
|
|
|
|
|
|
|
|
|
No Banker found in our databank.
No encumbrance was found in our databank at the time of investigation.
* A check has been conducted in our databank against the Subject whether the
subject has been involved in any litigation.
No legal action was found in our databank.
No winding up petition was found in our databank.
|
SOURCES OF RAW MATERIALS: |
||
|
Local |
: |
YES |
|
Overseas |
: |
YES |
|
|
|
|
The Subject refused to provide any name of trade/service supplier and we are
unable to conduct any trade enquiry. However, from financial historical data we
conclude that :
|
OVERALL PAYMENT HABIT |
||||||||||||||
|
Prompt 0-30 Days |
[ |
X |
] |
|
Good 31-60 Days |
[ |
|
] |
|
Average 61-90 Days |
[ |
|
] |
|
|
Fair 91-120 Days |
[ |
|
] |
|
Poor >120 Days |
[ |
|
] |
|
|
|
|
|
|
|
Local |
: |
YES |
|||
|
Domestic Markets |
: |
SINGAPORE |
|||
|
Overseas |
: |
YES |
|
|
|
|
Export Market |
: |
ASIA |
|||
|
Credit Term |
: |
N/A |
|||
|
|
|
|
|
|
|
|
Payment Mode |
: |
CASH |
|||
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Goods Traded |
: |
MEDICINAL AND PHARMACEUTICAL PRODUCTS
|
|
|
|
|
|
|
Total Number of Employees: |
|||||||||
|
YEAR |
2014 |
|
|||||||
|
|
|||||||||
|
GROUP |
N/A |
|
|
|
|
|
|
|
|
|
COMPANY |
20 |
|
|
|
|
|
|
|
|
|
Branch |
: |
NO
|
Other Information:
The Subject is principally engaged in the (as a / as an) wholesale of medicinal
and pharmaceutical products.
Hospira is a global specialty pharmaceutical and medication delivery company
driven by its vision of Advancing Wellness™. Bringing proven leadership and
experience, Hospira provides solutions to help improve the productivity, safety
and effectiveness of patient care.
Latest fresh
investigations carried out on the Subject indicated that :
|
Telephone Number Provided By Client |
: |
N/A |
|
Current Telephone Number |
: |
65-62996880 |
|
Match |
: |
N/A |
|
|
|
|
|
Address Provided by Client |
: |
#11-06 PARKVIEW SQUARE 600 NORTH BRIDGE RD
SINGAPORE 188778 |
|
Current Address |
: |
#11-06 PARKVIEW SQUARE 600 NORTH BRIDGE ROAD,
188778, SINGAPORE. |
|
Match |
: |
YES |
Other
Investigations
we contacted one of the staff from the Subject and she provided some
information.
|
Profitability |
|
|
|
|
|
|
|
Turnover |
: |
Increased |
[ |
8.78% |
] |
|
|
Profit/(Loss) Before Tax |
: |
Decreased |
[ |
35.71% |
] |
|
|
Return on Shareholder Funds |
: |
Unfavourable |
[ |
4.63% |
] |
|
|
Return on Net Assets |
: |
Unfavourable |
[ |
5.11% |
] |
|
|
|
|
|
|
|
|
|
|
The higher turnover could be attributed to the favourable market
condition.The Subject's profit fell sharply because of the high operating
costs incurred. The unfavourable return on shareholders' funds could indicate
that the Subject was inefficient in utilising its assets to generate returns. |
||||||
|
|
|
|
|
|
|
|
|
Working Capital Control |
|
|
|
|
|
|
|
Stock Ratio |
: |
Unfavourable |
[ |
81 Days |
] |
|
|
Debtor Ratio |
: |
Favourable |
[ |
40 Days |
] |
|
|
Creditors Ratio |
: |
Favourable |
[ |
18 Days |
] |
|
|
|
|
|
|
|
|
|
|
The Subject could be incurring higher holding cost. As its capital was
tied up in stocks, it could face liquidity problems. The favourable debtors' days
could be due to the good credit control measures implemented by the Subject.
The Subject had a favourable creditors' ratio where the Subject could be
taking advantage of the cash discounts and also wanting to maintain goodwill
with its creditors. |
||||||
|
|
|
|
|
|
|
|
|
Liquidity |
|
|
|
|
|
|
|
Liquid Ratio |
: |
Favourable |
[ |
2.45 Times |
] |
|
|
Current Ratio |
: |
Favourable |
[ |
3.13 Times |
] |
|
|
|
|
|
|
|
|
|
|
A minimum liquid ratio of 1 should be maintained by the Subject in
order to assure its creditors of its ability to meet short term obligations
and the Subject was in a good liquidity position. Thus, we believe the
Subject is able to meet all its short term obligations as and when they fall
due. |
||||||
|
|
|
|
|
|
|
|
|
Solvency |
|
|
|
|
|
|
|
Interest Cover |
: |
Nil |
[ |
0.00 Times |
] |
|
|
Gearing Ratio |
: |
Favourable |
[ |
0.00 Times |
] |
|
|
|
|
|
|
|
|
|
|
The Subject's interest cover was nil as it did not pay any interest
during the year. The Subject had no gearing and hence it had virtually no
financial risk. The Subject was financed by its shareholders' funds and
internally generated fund. During the economic downturn, the Subject, having
a zero gearing, will be able to compete better than those which are highly
geared in the same industry. |
||||||
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Overall Assessment : |
|
|
|
|
|
|
|
Although the Subject's turnover had increased, its profits had
declined over the same corresponding period. This could be due to the stiffer
market competition and / or higher operating costs which lowered the
Subject's profit margin. The Subject was in good liquidity position with its
total current liabilities well covered by its total current assets. With its
current net assets, the Subject should be able to repay its short term
obligations. The Subject did not make any interest payment during the year. The
Subject was dependent on its shareholders' funds to finance its business
needs. The Subject was a zero gearing company, it was solely dependant on its
shareholders to provide funds to finance its business. The Subject has good
chance of getting loans, if the needs arises. |
||||||
|
|
|
|
|
|
|
|
|
Overall financial condition of the Subject : FAIR |
||||||
|
Major Economic
Indicators : |
2009 |
2010 |
2011 |
2012 |
2013 |
|
|
|
|
|
|
|
|
Population (Million) |
4.98 |
5.08 |
5.18 |
5.31 |
5.40 |
|
Gross Domestic Products ( % ) |
(0.8) |
14.5 |
4.9 |
1.3 |
3.7 |
|
Consumer Price Index |
0.6 |
2.8 |
5.2 |
4.6 |
2.4 |
|
Total Imports (Million) |
356,299.3 |
423,221.8 |
459,655.1 |
474,554.0 |
466,762.0 |
|
Total Exports (Million) |
391,118.1 |
478,840.7 |
514,741.2 |
510,329.0 |
513,391.0 |
|
|
|
|
|
|
|
|
Unemployment Rate (%) |
3.2 |
2.2 |
2.1 |
2.0 |
1.9 |
|
Tourist Arrival (Million) |
9.68 |
11.64 |
13.17 |
14.49 |
15.46 |
|
Hotel Occupancy Rate (%) |
75.8 |
85.6 |
86.5 |
86.4 |
86.3 |
|
Cellular Phone Subscriber (Million) |
1.37 |
1.43 |
1.50 |
1.52 |
1.97 |
|
|
|
|
|
|
|
|
Registration of New Companies (No.) |
26,414 |
29,798 |
32,317 |
31,892 |
37,288 |
|
Registration of New Companies (%) |
4.3 |
12.8 |
8.5 |
(1.3) |
9.8 |
|
Liquidation of Companies (No.) |
22,393 |
15,126 |
19,005 |
17,218 |
17,369 |
|
Liquidation of Companies (%) |
113.4 |
(32.5) |
25.6 |
9.4 |
(5.3) |
|
|
|
|
|
|
|
|
Registration of New Businesses (No.) |
26,876 |
23,978 |
23,494 |
24,788 |
22,893 |
|
Registration of New Businesses (%) |
8.15 |
(10.78) |
2.02 |
5.51 |
1.70 |
|
Liquidation of Businesses (No.) |
23,552 |
24,211 |
23,005 |
22,489 |
22,598 |
|
Liquidation of Businesses (%) |
11.4 |
2.8 |
(5) |
(2.2) |
0.5 |
|
|
|
|
|
|
|
|
Bankruptcy Orders (No.) |
2,058 |
1,537 |
1,527 |
1,748 |
1,992 |
|
Bankruptcy Orders (%) |
(11.5) |
(25.3) |
(0.7) |
14.5 |
14.0 |
|
Bankruptcy Discharges (No.) |
3,056 |
2,252 |
1,391 |
1,881 |
2,584 |
|
Bankruptcy Discharges (%) |
103.7 |
(26.3) |
(38.2) |
35.2 |
37.4 |
|
|
|
|
|
|
|
|
INDUSTRIES ( %
of Growth ) : |
|
|
|
|
|
|
Agriculture |
|
|
|
|
|
|
Production of Principal Crops |
3.25 |
(0.48) |
4.25 |
3.64 |
- |
|
Fish Supply & Wholesale |
(1.93) |
(10.5) |
12.10 |
(0.5) |
- |
|
|
|
|
|
|
|
|
Manufacturing * |
71.5 |
92.8 |
100.0 |
100.3 |
102.0 |
|
Food, Beverages & Tobacco |
90.4 |
96.4 |
100.0 |
103.5 |
103.5 |
|
Textiles |
145.9 |
122.1 |
100.0 |
104.0 |
87.1 |
|
Wearing Apparel |
211.0 |
123.3 |
100.0 |
92.1 |
77.8 |
|
Leather Products & Footwear |
79.5 |
81.8 |
100.0 |
98.6 |
109.8 |
|
Wood & Wood Products |
101.4 |
104.0 |
100.0 |
95.5 |
107.4 |
|
Paper & Paper Products |
95.4 |
106.1 |
100.0 |
97.4 |
103.2 |
|
Printing & Media |
100.9 |
103.5 |
100.0 |
93.0 |
86.1 |
|
Crude Oil Refineries |
96.4 |
95.6 |
100.0 |
99.4 |
93.5 |
|
Chemical & Chemical Products |
80.3 |
97.6 |
100.0 |
100.5 |
104.1 |
|
Pharmaceutical Products |
49.1 |
75.3 |
100.0 |
109.7 |
107.2 |
|
Rubber & Plastic Products |
101.2 |
112.3 |
100.0 |
96.5 |
92.9 |
|
Non-metallic Mineral |
91.9 |
92.5 |
100.0 |
98.2 |
97.6 |
|
Basic Metals |
92.6 |
102.2 |
100.0 |
90.6 |
76.5 |
|
Fabricated Metal Products |
90.8 |
103.6 |
100.0 |
104.3 |
105.1 |
|
Machinery & Equipment |
57.3 |
78.5 |
100.0 |
112.9 |
114.5 |
|
Electrical Machinery |
86.8 |
124.1 |
100.0 |
99.3 |
108.5 |
|
Electronic Components |
85.2 |
113.6 |
100.0 |
90.6 |
94.3 |
|
Transport Equipment |
96.0 |
94.0 |
100.0 |
106.3 |
107.5 |
|
|
|
|
|
|
|
|
Construction |
(36.9) |
14.20 |
20.50 |
28.70 |
- |
|
Real Estate |
1.4 |
21.3 |
25.4 |
31.9 |
- |
|
|
|
|
|
|
|
|
Services |
|
|
|
|
|
|
Electricity, Gas & Water |
1.70 |
4.00 |
7.00 |
6.30 |
- |
|
Transport, Storage & Communication |
3.90 |
12.80 |
7.40 |
5.30 |
- |
|
Finance & Insurance |
(16.4) |
(0.4) |
8.90 |
0.50 |
- |
|
Government Services |
4.50 |
9.70 |
6.90 |
6.00 |
- |
|
Education Services |
0.10 |
(0.9) |
(1.4) |
0.30 |
- |
|
|
|
|
|
|
|
|
* Based on Index of Industrial Production
(2011 = 100) |
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(Source : Department of Statistics) |
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INDUSTRY : |
TRADING |
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The wholesale and retail trade sector contracted by 1.5% in the fourth
quarter of 2012, extending the 0.2% decline in the preceding quarter. For the
whole of 2012, the sector declined by 0.7%, reversing the 1.6% growth in
2011. The sector was weighed down primarily by the wholesale trade segment.
In 2012, the wholesale trade segment contracted by 1.0%, a reversal from the
1.4% growth in 2011. Growth of the retail trade segment also moderated to
2.0%, from 3.2% in the year 2011. |
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The domestic wholesale trade index grew by 1.2% in the fourth quarter
of 2012, an improvement from the 5.4% decline in the third quarter. This was
partly due to an increase in the sales of chemicals & chemical products
and ship chandlers & bunkering. For the full year of 2012, the domestic
wholesale trade index contracted by 2.2%, extending the 1.7% decline in 2011.
The foreign wholesale trade index grew by 8.6% in the fourth quarter, an
increase from the 6.6% growth in the third quarter. The expansion was partly
due to resilient sales of petroleum & petroleum products. For the whole
of 2012, the foreign wholesale trade index expanded by 9.1%, faster than the
4.3% increase in 2011. |
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In the fourth quarter of 2012, retail sales volume declined by 2.0%, extending
the 0.3% decline in the third quarter. Excluding motor vehicles, retail sales
volume grew by 0.4%, a slight moderation compared to the 1.5% gain in the
third quarter of 2012. The sales volume of motor vehicles fell by 11% in the
fourth quarter of 2012, after contracting by 6.1% in the third quarter. The
sales of several discretionary items also declined in the fourth quarter.
Besides, the sales of optical goods & books in 2012 fell by 3.6%, while
the sales of telecommunications apparatus & computers declined by
1.4%. |
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For 2012 as a whole, retail sales volume grew by 1.3%, compared to the
2.0% expansion in 2011. Excluding motor vehicle sales, the increase in retail
sales volume also moderated from 5.4% in 2011 to 1.7% in 2012. Medical goods
& toiletries registered the largest increase (9.3%) in sales, followed by
telecommunications apparatus & computers (6.9%). By contrast, the sales
of watches & jewellery (-2.2%) and optical goods & books (-3.6%)
declined. |
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OVERALL INDUSTRY OUTLOOK : AVERAGE GROWTH |
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Incorporated in 1987, the Subject is a
Private Limited company, focusing on wholesale of medicinal and pharmaceutical
products. The Subject has been in business for over two decades. It has built
up a strong clientele base and good reputation will enable the Subject to
further enhance its business in the near term. The Subject is expected
to enjoy a stable market shares. Having strong support from its holding
company has enabled the Subject to remain competitive despite the challenging
business environment. The capital standing of the Subject is fair. With an
adequate share capital, the Subject has the potential of expanding its
business in future. Without a strong assets backing, the
Subject may face difficulties in getting loans for its future expansion and
continued growth . The Subject's supplier are from both the local and
overseas countries. This will eliminates the risk of dependency on deliveries
from a number of key suppliers and insufficient quantities of its raw
materials. Overall the Subject has a good control over its resources. We regard that the Subject's overall
payment habit is prompt. The Subject had a favourable creditors' ratio as
evidenced by its favourable collection days. The industry shows an upward trend and this
trend is very likely to sustain in the near terms. Hence, the Subject is
expected to benefit from the favourable outlook of the industry. Based on the above condition, we recommend
credit be granted to the Subject promptly. |
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THE FINANCIAL
STATEMENTS WERE PREPARED IN ACCORDANCE WITH SINGAPORE FINANCIAL REPORTING
STANDARDS. |
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HOSPIRA
SINGAPORE PTE. LTD. |
|
Financial Year End |
2013-12-31 |
2012-12-31 |
|
Months |
12 |
12 |
|
Consolidated Account |
Company |
Company |
|
Audited Account |
YES |
YES |
|
Unqualified Auditor's Report (Clean
Opinion) |
YES |
YES |
|
Financial Type |
FULL |
FULL |
|
Currency |
SGD |
SGD |
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TURNOVER |
9,750,441 |
8,963,597 |
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---------------- |
---------------- |
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Total Turnover |
9,750,441 |
8,963,597 |
|
Costs of Goods Sold |
(5,969,082) |
(5,087,674) |
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---------------- |
---------------- |
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Gross Profit |
3,781,359 |
3,875,923 |
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---------------- |
---------------- |
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PROFIT/(LOSS) FROM OPERATIONS |
354,676 |
551,678 |
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---------------- |
---------------- |
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PROFIT/(LOSS) BEFORE TAXATION |
354,676 |
551,678 |
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Taxation |
(33,608) |
(79,357) |
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---------------- |
---------------- |
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PROFIT/(LOSS) AFTER TAXATION |
321,068 |
472,321 |
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---------------- |
---------------- |
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RETAINED
PROFIT/(LOSS) BROUGHT FORWARD |
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As previously reported |
5,016,550 |
4,544,229 |
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---------------- |
---------------- |
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As restated |
5,016,550 |
4,544,229 |
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---------------- |
---------------- |
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PROFIT AVAILABLE FOR APPROPRIATIONS |
5,337,618 |
5,016,550 |
|
DIVIDENDS - Ordinary (paid & proposed) |
(5,000,000) |
- |
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---------------- |
---------------- |
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RETAINED PROFIT/(LOSS) CARRIED FORWARD |
337,618 |
5,016,550 |
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|
============= |
============= |
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HOSPIRA
SINGAPORE PTE. LTD. |
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ASSETS EMPLOYED: |
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FIXED ASSETS |
131,322 |
170,317 |
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Deferred assets |
1,707 |
6,465 |
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---------------- |
---------------- |
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TOTAL LONG TERM INVESTMENTS/OTHER ASSETS |
1,707 |
6,465 |
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---------------- |
---------------- |
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TOTAL LONG TERM ASSETS |
133,029 |
176,782 |
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Stocks |
2,174,519 |
1,978,062 |
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Trade debtors |
1,057,533 |
1,016,543 |
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Other debtors, deposits & prepayments |
11,060 |
55,081 |
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Amount due from holding company |
59,323 |
228,291 |
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Amount due from related companies |
54,434 |
119,926 |
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Cash & bank balances |
6,640,517 |
10,865,211 |
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---------------- |
---------------- |
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TOTAL CURRENT ASSETS |
9,997,386 |
14,263,114 |
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---------------- |
---------------- |
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TOTAL ASSET |
10,130,415 |
14,439,896 |
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============= |
============= |
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CURRENT
LIABILITIES |
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Trade creditors |
295,361 |
233,501 |
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Other creditors & accruals |
662,684 |
545,502 |
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Amounts owing to holding company |
3,438 |
4,146 |
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Amounts owing to related companies |
2,212,128 |
2,008,652 |
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Provision for taxation |
22,357 |
34,716 |
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---------------- |
---------------- |
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TOTAL CURRENT LIABILITIES |
3,195,968 |
2,826,517 |
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---------------- |
---------------- |
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NET CURRENT ASSETS/(LIABILITIES) |
6,801,418 |
11,436,597 |
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---------------- |
---------------- |
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TOTAL NET ASSETS |
6,934,447 |
11,613,379 |
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============= |
============= |
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SHARE CAPITAL |
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Ordinary share capital |
5,870,000 |
5,870,000 |
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---------------- |
---------------- |
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TOTAL SHARE CAPITAL |
5,870,000 |
5,870,000 |
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Retained profit/(loss) carried forward |
337,618 |
5,016,550 |
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Others |
726,829 |
726,829 |
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---------------- |
---------------- |
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TOTAL RESERVES |
1,064,447 |
5,743,379 |
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---------------- |
---------------- |
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SHAREHOLDERS' FUNDS/EQUITY |
6,934,447 |
11,613,379 |
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---------------- |
---------------- |
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|
6,934,447 |
11,613,379 |
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|
============= |
============= |
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HOSPIRA
SINGAPORE PTE. LTD. |
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TYPES OF FUNDS |
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Cash |
6,640,517 |
10,865,211 |
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Net Liquid Funds |
6,640,517 |
10,865,211 |
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Net Liquid Assets |
4,626,899 |
9,458,535 |
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Net Current Assets/(Liabilities) |
6,801,418 |
11,436,597 |
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Net Tangible Assets |
6,934,447 |
11,613,379 |
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Net Monetary Assets |
4,626,899 |
9,458,535 |
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BALANCE SHEET
ITEMS |
|
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Total Borrowings |
0 |
0 |
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Total Liabilities |
3,195,968 |
2,826,517 |
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Total Assets |
10,130,415 |
14,439,896 |
|
Net Assets |
6,934,447 |
11,613,379 |
|
Net Assets Backing |
6,934,447 |
11,613,379 |
|
Shareholders' Funds |
6,934,447 |
11,613,379 |
|
Total Share Capital |
5,870,000 |
5,870,000 |
|
Total Reserves |
1,064,447 |
5,743,379 |
|
LIQUIDITY
(Times) |
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Cash Ratio |
2.08 |
3.84 |
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Liquid Ratio |
2.45 |
4.35 |
|
Current Ratio |
3.13 |
5.05 |
|
WORKING CAPITAL
CONTROL (Days) |
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Stock Ratio |
81 |
81 |
|
Debtors Ratio |
40 |
41 |
|
Creditors Ratio |
18 |
17 |
|
SOLVENCY RATIOS
(Times) |
|
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Gearing Ratio |
0.00 |
0.00 |
|
Liabilities Ratio |
0.46 |
0.24 |
|
Times Interest Earned Ratio |
0.00 |
0.00 |
|
Assets Backing Ratio |
1.18 |
1.98 |
|
PERFORMANCE
RATIO (%) |
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Operating Profit Margin |
3.64 |
6.15 |
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Net Profit Margin |
3.29 |
5.27 |
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Return On Net Assets |
5.11 |
4.75 |
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Return On Capital Employed |
5.11 |
4.75 |
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Return On Shareholders' Funds/Equity |
4.63 |
4.07 |
|
Dividend Pay Out Ratio (Times) |
15.57 |
0.00 |
|
NOTES TO
ACCOUNTS |
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Contingent Liabilities |
0 |
0 |
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.60.25 |
|
UK Pound |
1 |
Rs.101.92 |
|
Euro |
1 |
Rs.80.70 |
INFORMATION DETAILS
|
Analysis Done by
: |
KAR |
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Report Prepared
by : |
MNL |
RATING EXPLANATIONS
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
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>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 |
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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 |
-- |
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.