|
Report Date : |
20.06.2014 |
IDENTIFICATION DETAILS
|
Name : |
BECTON DICKINSON HOLDINGS PTE. LTD. |
|
|
|
|
Registered Office : |
10, Collyer Quay, 10-01, Ocean Financial Centre, 049315, |
|
|
|
|
Country : |
Singapore |
|
|
|
|
Financials (as on) : |
30.09.2012 |
|
|
|
|
Date of Incorporation : |
14.06.2011 |
|
|
|
|
Com. Reg. No.: |
201114149-N |
|
|
|
|
Legal Form : |
Private Limited |
|
|
|
|
Line of Business : |
Trader of Medical Products and Investment Holding |
|
|
|
|
No of Employees : |
143 |
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 31, 2014
|
Country Name |
Previous Rating (31.12.2013) |
Current Rating (31.03.2014) |
|
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. Real GDP growth
averaged 8.6% between 2004 and 2007. The economy contracted 0.8% in 2009 as a result
of the global financial crisis, but rebounded 14.8% in 2010, on the strength of
renewed exports, before slowing to 5.2% in 2011 and 1.3% in 2012, 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, which has sunk to an average of about 1.0% 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 |
|
REGISTRATION NO. |
: |
201114149-N |
|
COMPANY NAME |
: |
BECTON DICKINSON HOLDINGS PTE. LTD. |
|
FORMER NAME |
: |
N/A |
|
INCORPORATION DATE |
: |
14/06/2011 |
|
COMPANY STATUS |
: |
EXIST |
|
LEGAL FORM |
: |
PRIVATE LIMITED |
|
LISTED STATUS |
: |
NO |
|
REGISTERED ADDRESS |
: |
10, COLLYER QUAY, 10-01, OCEAN FINANCIAL CENTRE, 049315, SINGAPORE. |
|
BUSINESS ADDRESS |
: |
30, TUAS AVENUE 2, 639461, SINGAPORE. |
|
TEL.NO. |
: |
65-68610633 |
|
FAX.NO. |
: |
65-68601593 |
|
CONTACT PERSON |
: |
LIM LEONG CHING @ JAMES LIM ( DIRECTOR ) |
|
PRINCIPAL ACTIVITY |
: |
TRADING MEDICAL PRODUCTS AND INVESTMENT HOLDING |
|
ISSUED AND PAID UP CAPITAL |
: |
1,902,930,861.00 ORDINARY SHARE, OF A
VALUE OF SGD 1,917,324,789.00 |
|
SALES |
: |
SGD 420,062,179 [2012] |
|
NET WORTH |
: |
SGD 1,896,325,084 [2012] |
|
STAFF STRENGTH |
: |
143 [2014] |
|
LITIGATION |
: |
CLEAR |
|
FINANCIAL CONDITION |
: |
LIMITED |
|
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) trading medical products
and investment holding.
Share
Capital History
|
Date |
Issue & Paid
Up Capital |
|
20/01/2014 |
SGD 1,917,324,789.00 |
The major shareholder(s) of the Subject are shown as follows :
|
Name |
Address |
IC/PP/Loc
No |
Shareholding |
(%) |
|
BECTON DICKINSON ASIA HOLDINGS LIMITED |
57/63, LINE WALL ROAD, GIBRALTAR. |
T13UF1551 |
1,902,930,861.00 |
100.00 |
|
--------------- |
------ |
|||
|
1,902,930,861.00 |
100.00 |
|||
|
============ |
===== |
+
Also Director
The Subject interest in other companies (Subsidiaries/Associates) are
shown as follow :
|
Local No |
Country |
Company |
(%) |
As
At |
|
INDIA |
BD INDIA LIMITED |
100.00 |
30/09/2012 |
|
|
165273H |
MALAYSIA |
BECTON DICKINSON SDN BHD |
100.00 |
30/09/2012 |
|
HONG KONG |
BD ASIA LIMITED |
100.00 |
30/09/2012 |
|
|
CHINA |
BECTON DICKINSON MEDICAL DEVICES ( SHANGHAI) CO LTD |
100.00 |
30/09/2012 |
|
|
CHINA |
BD MEDICAL DEVICES CO (SUZHOU) LTD |
100.00 |
30/09/2012 |
|
|
198602285W |
SINGAPORE |
BECTON DICKINSON MEDICAL PRODUCTS PTE LTD |
100.00 |
30/09/2012 |
DIRECTOR
1
|
Name Of Subject |
: |
BHUPINDER PAL SINGH |
|
Address |
: |
9, TANJONG RHU ROAD, 04-03, THE WATERSIDE, 436894, SINGAPORE. |
|
IC / PP No |
: |
S2756342B |
|
Nationality |
: |
SINGAPOREAN |
|
Date of Appointment |
: |
31/12/2011 |
DIRECTOR 2
|
Name Of Subject |
: |
ROBERT THIBEAULT |
|
Address |
: |
336, LAUREL WOOD AVENUE, THE TENERIFFE, 275951, SINGAPORE. |
|
IC / PP No |
: |
S2736515I |
|
Nationality |
: |
SINGAPOREAN |
|
Date of Appointment |
: |
20/06/2011 |
DIRECTOR 3
|
Name Of Subject |
: |
MR. JAMES LIM LEONG CHING @ JAMES LIM |
|
Address |
: |
62, TOH TUCK ROAD, 07-03, 596724, SINGAPORE. |
|
IC / PP No |
: |
S2563613I |
|
Nationality |
: |
SINGAPOREAN |
|
Date of Appointment |
: |
20/06/2011 |
|
1) |
Name of Subject |
: |
LIM LEONG CHING @ JAMES LIM |
|
Position |
: |
DIRECTOR |
|
Auditor |
: |
ERNST AND YOUNG LLP |
|
Auditor' Address |
: |
1, RAFFLES QUAY, 18- 01, 048583, SINGAPORE |
|
1) |
Company Secretary |
: |
ROBERT THIBEAULT |
|
IC / PP No |
: |
S2736515I |
|
|
Address |
: |
336, LAUREL WOOD AVENUE, THE TENERIFFE, 275951, SINGAPORE. |
|
|
2) |
Company Secretary |
: |
TAN CHING CHING |
|
IC / PP No |
: |
S7378437I |
|
|
Address |
: |
4B, STREET GEORGE'S LANE, 06 - 169, 321004, 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 |
: |
AS AGREED |
|||
|
Payment Mode |
: |
CHEQUES |
|||
|
Goods Traded |
: |
MEDICAL PRODUCTS |
|
|
Services |
: |
INVESTMENT HOLDING |
|
|
Total Number of Employees: |
|
||||||||
|
YEAR |
2014 |
2013 |
2012 |
||||||
|
|
|||||||||
|
GROUP |
N/A |
N/A |
N/A |
||||||
|
COMPANY |
143 |
143 |
143 |
||||||
|
Branch |
: |
NO |
Other Information:
The Subject is principally engaged in the (as a / as an) trading medical
products and investment holding.
The Subject is a leading global medical technology company that makes and sells
medical devices, instrumented systems and reagents, is dedicated to improving
people’s health throughout the world.
The Subject is focused on improving drug therapy, enhancing the quality and
speed of diagnosing infectious diseases, and advancing research and discovery
of new drugs and vaccines.
The Subject’s capabilities are instrumental in combating many of the world’s
most pressing diseases.
The Subject serves healthcare institutions, life science researchers, clinical
laboratories, industry and the general public.
Latest
fresh investigations carried out on the Subject indicated that :
|
Telephone Number Provided By Client |
: |
N/A |
|
Current Telephone Number |
: |
65-68610633 |
|
Match |
: |
N/A |
|
Address Provided by Client |
: |
30 TAUS AVENUE 2, SINGAPORE 639461 |
|
Current Address |
: |
30, TUAS AVENUE 2, 639461, SINGAPORE. |
|
Match |
: |
YES |
Other Investigations
We contacted one of the staff from the Subject and she provided some
information.
|
Profitability |
||||||
|
Return on Shareholder Funds |
: |
Unfavourable |
[ |
0.89% |
] |
|
|
Return on Net Assets |
: |
Unfavourable |
[ |
1.08% |
] |
|
|
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 |
: |
Favourable |
[ |
39 Days |
] |
|
|
Debtor Ratio |
: |
Acceptable |
[ |
59 Days |
] |
|
|
Creditors Ratio |
: |
Favourable |
[ |
4 Days |
] |
|
|
The Subject's stocks were moving fast thus reducing its holding cost. This
had reduced funds being tied up in stocks. The Subject's management was quite
efficient in handling its debtors. The Subject's debtors days were at an
acceptable range, thus the risk of its debts turning bad was minimised. 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 |
[ |
1.04 Times |
] |
|
|
Current Ratio |
: |
Unfavourable |
[ |
1.31 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 |
: |
Favourable |
[ |
189.87 Times |
] |
|
|
Gearing Ratio |
: |
Favourable |
[ |
0.00 Times |
] |
|
|
The interest cover showed that the Subject was able to service the
interest. The favourable interest cover could indicate that the Subject was making
enough profit to pay for the interest accrued. 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 : |
||||||
|
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. With the
favourable interest cover, the Subject could be able to service all the
accrued interest without facing any difficulties. 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 : LIMITED |
||||||
|
Major Economic Indicators : |
2008 |
2009 |
2010 |
2011 |
2012 |
|
|
|||||
|
Population (Million) |
4.84 |
4.98 |
5.08 |
5.18 |
5.31 |
|
Gross Domestic Products ( % ) |
1.5 |
(0.8) |
14.5 |
4.9 |
1.3 |
|
Consumer Price Index |
6.6 |
0.6 |
2.8 |
5.2 |
4.6 |
|
Total Imports (Million) |
450,892.6 |
356,299.3 |
423,221.8 |
459,655.1 |
474,554.0 |
|
Total Exports (Million) |
476,762.2 |
391,118.1 |
478,840.7 |
514,741.2 |
510,329.0 |
|
|
|||||
|
Unemployment Rate (%) |
2.2 |
3.2 |
2.2 |
2.1 |
2.0 |
|
Tourist Arrival (Million) |
10.12 |
9.68 |
11.64 |
13.17 |
14.37 |
|
Hotel Occupancy Rate (%) |
81.0 |
75.8 |
85.6 |
86.5 |
86.4 |
|
Cellular Phone Subscriber (Million) |
1.31 |
1.37 |
1.43 |
1.50 |
1.52 |
|
|
|||||
|
Registration of New Companies (No.) |
25,327 |
26,414 |
29,798 |
32,317 |
31,892 |
|
Registration of New Companies (%) |
(2.2) |
4.3 |
12.8 |
8.5 |
(1.3) |
|
Liquidation of Companies (No.) |
10,493 |
22,393 |
15,126 |
19,005 |
17,218 |
|
Liquidation of Companies (%) |
13.7 |
113.4 |
(32.5) |
25.6 |
9.4 |
|
|
|||||
|
Registration of New Businesses (No.) |
24,850 |
26,876 |
23,978 |
23,494 |
24,788 |
|
Registration of New Businesses (%) |
0.36 |
8.15 |
(10.78) |
2.02 |
5.51 |
|
Liquidation of Businesses (No.) |
21,150 |
23,552 |
24,211 |
23,005 |
22,489 |
|
Liquidation of Businesses (%) |
(0.8) |
11.4 |
2.8 |
(5) |
(2.2) |
|
|
|||||
|
Bankruptcy Orders (No.) |
2,326 |
2,058 |
1,537 |
1,527 |
1,748 |
|
Bankruptcy Orders (%) |
(15.9) |
(11.5) |
(25.3) |
(0.7) |
14.5 |
|
Bankruptcy Discharges (No.) |
1,500 |
3,056 |
2,252 |
1,391 |
1,881 |
|
Bankruptcy Discharges (%) |
(7.7) |
103.7 |
(26.3) |
(38.2) |
35.2 |
|
|
|||||
|
INDUSTRIES ( % of Growth ) : |
|||||
|
Agriculture |
|||||
|
Production of Principal Crops |
(0.32) |
3.25 |
(0.48) |
4.25 |
3.64 |
|
Fish Supply & Wholesale |
(6.31) |
(1.93) |
(10.5) |
12.10 |
(0.5) |
|
|
|||||
|
Manufacturing * |
74.6 |
71.5 |
92.8 |
100.0 |
100.3 |
|
Food, Beverages & Tobacco |
94.8 |
90.4 |
96.4 |
100.0 |
103.5 |
|
Textiles |
180.1 |
145.9 |
122.1 |
100.0 |
104.0 |
|
Wearing Apparel |
334.6 |
211.0 |
123.3 |
100.0 |
92.1 |
|
Leather Products & Footwear |
128.2 |
79.5 |
81.8 |
100.0 |
98.6 |
|
Wood & Wood Products |
132.0 |
101.4 |
104.0 |
100.0 |
95.5 |
|
Paper & Paper Products |
101.0 |
95.4 |
106.1 |
100.0 |
97.4 |
|
Printing & Media |
118.2 |
100.9 |
103.5 |
100.0 |
93.0 |
|
Crude Oil Refineries |
113.1 |
96.4 |
95.6 |
100.0 |
99.4 |
|
Chemical & Chemical Products |
84.5 |
80.3 |
97.6 |
100.0 |
100.5 |
|
Pharmaceutical Products |
43.7 |
49.1 |
75.3 |
100.0 |
109.7 |
|
Rubber & Plastic Products |
120.1 |
101.2 |
112.3 |
100.0 |
96.5 |
|
Non-metallic Mineral |
96.5 |
91.9 |
92.5 |
100.0 |
98.2 |
|
Basic Metals |
109.8 |
92.6 |
102.2 |
100.0 |
90.6 |
|
Fabricated Metal Products |
101.3 |
90.8 |
103.6 |
100.0 |
104.3 |
|
Machinery & Equipment |
65.0 |
57.3 |
78.5 |
100.0 |
112.9 |
|
Electrical Machinery |
81.7 |
86.8 |
124.1 |
100.0 |
99.3 |
|
Electronic Components |
93.1 |
85.2 |
113.6 |
100.0 |
90.6 |
|
Transport Equipment |
102.0 |
96.0 |
94.0 |
100.0 |
106.3 |
|
|
|||||
|
Construction |
45.90 |
(36.9) |
14.20 |
20.50 |
28.70 |
|
Real Estate |
(11.2) |
1.4 |
21.3 |
25.4 |
31.9 |
|
|
|||||
|
Services |
|||||
|
Electricity, Gas & Water |
(1.3) |
1.70 |
4.00 |
7.00 |
6.30 |
|
Transport, Storage & Communication |
11.60 |
3.90 |
12.80 |
7.40 |
5.30 |
|
Finance & Insurance |
(5.9) |
(16.4) |
(0.4) |
8.90 |
0.50 |
|
Government Services |
17.40 |
4.50 |
9.70 |
6.90 |
6.00 |
|
Education Services |
0.50 |
0.10 |
(0.9) |
(1.4) |
0.30 |
|
|
|||||
|
* Based on Index of Industrial Production (2011 = 100) |
|
INDUSTRY : |
TRADING |
|
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. |
|
|
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. |
|
|
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%. |
|
|
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. |
|
|
OVERALL INDUSTRY OUTLOOK : AVERAGE GROWTH |
|
Incorporated in 2011, the Subject is a Private Limited company, focusing on trading
medical products and investment holding. The Subject has been in business for
less than 5 years and it has slowly been building up contact with its clients
while competing in the industry. Having strong support from its holding company
has enabled the Subject to remain competitive despite the challenging business
environment. The Subject has strong capital position.
Over the years, the Subject has penetrated into both the local and overseas
market. The Subject has positioned itself in the global market and is competing
in the industry. Its stable clientele base will enable the Subject to further
enhance its business in the near term. Overall, we regard that the Subject's
management capability is average. This indicates that the Subject has greater potential
to improve its business performance and raising income for the Subject.
The Subject has generated an unfavourable return on shareholders' funds
indicating that the management was inefficient in utilising its funds to
generate return. The Subject is in good liquidity position with its current
liabilities well covered by it current assets. Hence, it has sufficient working
capital to meet its short term financial obligations. Being a zero geared
company, the Subject virtually has no financial risk as it is mainly dependent
on its internal funds to finance its business. Given a positive net worth
standing at SGD 1,896,325,084, the Subject should be able to maintain its
business in the near terms.
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 normally.
|
THE FINANCIAL
STATEMENTS WERE PREPARED IN ACCORDANCE WITH SINGAPORE FINANCIAL REPORTING
STANDARDS. |
|
BECTON
DICKINSON HOLDINGS PTE. LTD. |
|
Financial Year End |
2012-09-30 |
|
Months |
16 |
|
Consolidated Account |
Company |
|
Audited Account |
YES |
|
Unqualified Auditor's Report (Clean Opinion) |
YES |
|
Financial Type |
FULL |
|
Currency |
SGD |
|
TURNOVER |
420,062,179 |
|
Other Income |
42,065,932 |
|
---------------- |
|
|
Total Turnover |
462,128,111 |
|
Costs of Goods Sold |
(317,438,675) |
|
---------------- |
|
|
Gross Profit |
144,689,436 |
|
---------------- |
|
|
PROFIT/(LOSS) FROM OPERATIONS |
20,426,971 |
|
---------------- |
|
|
PROFIT/(LOSS) BEFORE TAXATION |
20,426,971 |
|
Taxation |
(3,637,200) |
|
---------------- |
|
|
PROFIT/(LOSS) AFTER TAXATION |
16,789,771 |
|
---------------- |
|
|
RETAINED PROFIT/(LOSS) BROUGHT FORWARD |
|
|
---------------- |
|
|
PROFIT AVAILABLE FOR APPROPRIATIONS |
16,789,771 |
|
---------------- |
|
|
RETAINED PROFIT/(LOSS) CARRIED FORWARD |
16,789,771 |
|
============= |
|
|
INTEREST EXPENSE (as per notes to P&L) |
|
|
Others |
108,151 |
|
---------------- |
|
|
108,151 |
|
|
============= |
|
BECTON
DICKINSON HOLDINGS PTE. LTD. |
|
ASSETS EMPLOYED: |
|
|
FIXED ASSETS |
14,197,851 |
|
LONG TERM INVESTMENTS/OTHER ASSETS |
|
|
Subsidiary companies |
1,830,705,893 |
|
---------------- |
|
|
TOTAL LONG TERM INVESTMENTS/OTHER ASSETS |
1,830,705,893 |
|
INTANGIBLE ASSETS |
|
|
Others |
32,900 |
|
---------------- |
|
|
TOTAL INTANGIBLE ASSETS |
32,900 |
|
---------------- |
|
|
TOTAL LONG TERM ASSETS |
1,844,936,644 |
|
CURRENT ASSETS |
|
|
Stocks |
45,394,704 |
|
Trade debtors |
67,543,563 |
|
Other debtors, deposits & prepayments |
1,622,205 |
|
Amount due from holding company |
617,403 |
|
Amount due from subsidiary companies |
48,968,923 |
|
Amount due from related companies |
25,244,450 |
|
Cash & bank balances |
28,806,058 |
|
---------------- |
|
|
TOTAL CURRENT ASSETS |
218,197,306 |
|
---------------- |
|
|
TOTAL ASSET |
2,063,133,950 |
|
============= |
|
|
CURRENT LIABILITIES |
|
|
Trade creditors |
3,537,172 |
|
Other creditors & accruals |
32,127,515 |
|
Amounts owing to holding company |
29,725,408 |
|
Amounts owing to subsidiary companies |
13,244,936 |
|
Amounts owing to related companies |
87,952,523 |
|
Provision for taxation |
221,312 |
|
---------------- |
|
|
TOTAL CURRENT LIABILITIES |
166,808,866 |
|
---------------- |
|
|
NET CURRENT ASSETS/(LIABILITIES) |
51,388,440 |
|
---------------- |
|
|
TOTAL NET ASSETS |
1,896,325,084 |
|
============= |
|
|
SHARE CAPITAL |
|
|
Ordinary share capital |
1,917,324,789 |
|
---------------- |
|
|
TOTAL SHARE CAPITAL |
1,917,324,789 |
|
RESERVES |
|
|
Exchange equalisation/fluctuation reserve |
(21,663) |
|
Retained profit/(loss) carried forward |
16,789,771 |
|
Others |
(37,767,813) |
|
---------------- |
|
|
TOTAL RESERVES |
(20,999,705) |
|
---------------- |
|
|
SHAREHOLDERS' FUNDS/EQUITY |
1,896,325,084 |
|
---------------- |
|
|
1,896,325,084 |
|
|
============= |
|
BECTON
DICKINSON HOLDINGS PTE. LTD. |
|
TYPES OF FUNDS |
|
|
Cash |
28,806,058 |
|
Net Liquid Funds |
28,806,058 |
|
Net Liquid Assets |
5,993,736 |
|
Net Current Assets/(Liabilities) |
51,388,440 |
|
Net Tangible Assets |
1,896,292,184 |
|
Net Monetary Assets |
5,993,736 |
|
BALANCE SHEET ITEMS |
|
|
Total Borrowings |
0 |
|
Total Liabilities |
166,808,866 |
|
Total Assets |
2,063,133,950 |
|
Net Assets |
1,896,325,084 |
|
Net Assets Backing |
1,896,325,084 |
|
Shareholders' Funds |
1,896,325,084 |
|
Total Share Capital |
1,917,324,789 |
|
Total Reserves |
(20,999,705) |
|
LIQUIDITY (Times) |
|
|
Cash Ratio |
0.17 |
|
Liquid Ratio |
1.04 |
|
Current Ratio |
1.31 |
|
WORKING CAPITAL CONTROL (Days) |
|
|
Stock Ratio |
39 |
|
Debtors Ratio |
59 |
|
Creditors Ratio |
4 |
|
SOLVENCY RATIOS (Times) |
|
|
Gearing Ratio |
0.00 |
|
Liabilities Ratio |
0.09 |
|
Times Interest Earned Ratio |
189.87 |
|
Assets Backing Ratio |
0.99 |
|
PERFORMANCE RATIO (%) |
|
|
Operating Profit Margin |
4.86 |
|
Net Profit Margin |
4.00 |
|
Return On Net Assets |
1.08 |
|
Return On Capital Employed |
1.08 |
|
Return On Shareholders' Funds/Equity |
0.89 |
|
Dividend Pay Out Ratio (Times) |
0.00 |
|
NOTES TO ACCOUNTS |
|
|
Contingent Liabilities |
0 |
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.60.00 |
|
|
1 |
Rs.102.05 |
|
Euro |
1 |
Rs.81.71 |
INFORMATION DETAILS
|
Report Prepared
by : |
NIS |
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 |
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.