|
|
REGISTRATION
NO.
|
:
|
200914174-C
|
|
COMPANY NAME
|
:
|
AB SCIEX PTE.
LTD.
|
|
FORMER NAME
|
:
|
DH
MANUFACTURING & DISTRIBUTION PTE. LTD. (12/10/2009)
DHR MANUFACTURING & DISTRIBUTION PTE. LTD. (06/08/2009)
|
|
INCORPORATION
DATE
|
:
|
03/08/2009
|
|
|
|
|
|
|
|
COMPANY STATUS
|
:
|
EXIST
|
|
LEGAL FORM
|
:
|
PRIVATE
LIMITED
|
|
LISTED STATUS
|
:
|
NO
|
|
|
|
|
|
|
|
REGISTERED
ADDRESS
|
:
|
33, MARSILING
IND ESTATE ROAD 3, 04-06, 739256, SINGAPORE.
|
|
BUSINESS
ADDRESS
|
:
|
33, MARSILING
IND ESTATE ROAD 3, 04-06, 739256, SINGAPORE.
|
|
TEL.NO.
|
:
|
65-65861110
|
|
FAX.NO.
|
:
|
65-63623605
|
|
WEB SITE
|
:
|
WWW.ABSCIEX.COM
|
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CONTACT PERSON
|
:
|
GORDON WILLIAM
LOGAN ( DIRECTOR )
|
|
|
|
|
|
|
|
PRINCIPAL
ACTIVITY
|
:
|
MANUFACTURING
OF SCIENTIFIC EQUIPMENTS AND OTHER BIOLOGICAL PRODUCTS
|
|
|
|
|
ISSUED AND
PAID UP CAPITAL
|
:
|
266,276,933.00
ORDINARY SHARE, OF A VALUE OF USD 266,276,932.71
|
|
|
|
|
SALES
|
:
|
N/A
|
|
NET WORTH
|
:
|
N/A
|
|
|
|
|
STAFF STRENGTH
|
:
|
30 [2014]
|
|
LITIGATION
|
:
|
CLEAR
|
|
FINANCIAL
CONDITION
|
:
|
N/A
|
|
PAYMENT
|
:
|
N/A
|
|
MANAGEMENT
CAPABILITY
|
:
|
AVERAGE
|
|
|
|
|
COMMERCIAL
RISK
|
:
|
LOW
|
|
CURRENCY
EXPOSURE
|
:
|
MODERATE
|
|
GENERAL
REPUTATION
|
:
|
SATISFACTORY
|
|
INDUSTRY
OUTLOOK
|
:
|
MATURE
|
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) manufacturing of scientific equipments and other biological
products.
Shares Capital
History
|
Date
|
Issue &
Paid Up Capital
|
|
21/10/2014
|
USD
266,276,932.71
|
The major shareholder(s) of the Subject are shown
as follows :
Name
|
Address
|
IC/PP/Loc No
|
Shareholding
|
(%)
|
|
DHCDAN
HOLDINGS APS
|
AKANDEVEJ 21,
DK-2700 BRONSHOJ, DENMARK.
|
T11UF5098
|
266,276,933.00
|
100.00
|
|
|
|
---------------
|
------
|
|
|
|
266,276,933.00
|
100.00
|
|
|
|
============
|
=====
|
+ Also Director
DIRECTOR 1
|
Name Of
Subject
|
:
|
MR. GORDON
WILLIAM LOGAN
|
|
Address
|
:
|
5, ASPEN LEAF
COURT, AURORA, ONTARIO L4G 7T3, CANADA.
|
|
IC / PP No
|
:
|
761320731
|
|
|
|
|
|
|
|
|
|
|
Nationality
|
:
|
BRITISH
|
|
Date of
Appointment
|
:
|
07/01/2013
|
|
|
|
|
|
|
|
|
|
|
|
|
DIRECTOR 2
|
Name Of
Subject
|
:
|
WONG KING
YOONG
|
|
Address
|
:
|
12-C, SIME
ROAD, 288290, SINGAPORE.
|
|
IC / PP No
|
:
|
S2549283H
|
|
|
|
|
|
|
|
|
|
|
Nationality
|
:
|
SINGAPOREAN
|
|
Date of
Appointment
|
:
|
07/01/2013
|
|
|
|
|
|
|
|
|
|
|
|
|
DIRECTOR 3
|
Name Of
Subject
|
:
|
FRANK TALBOT
MC FADEN
|
|
Address
|
:
|
9412, CRIMSON LEAF,
TERRACE POTOMAC, MD 20854, UNITED STATES.
|
|
IC / PP No
|
:
|
222321285
|
|
|
|
|
|
|
|
|
|
|
Nationality
|
:
|
AMERICAN
|
|
Date of
Appointment
|
:
|
22/04/2014
|
|
|
|
|
|
|
|
|
|
|
|
|
|
1)
|
Name of
Subject
|
:
|
GORDON WILLIAM
LOGAN
|
|
Position
|
:
|
DIRECTOR
|
|
|
|
|
|
Auditor
|
:
|
ERNST &
YOUNG LLP
|
|
Auditor'
Address
|
:
|
N/A
|
|
|
|
|
|
|
|
1)
|
Company
Secretary
|
:
|
MR. AZMAN
HISHAM BIN JAAFAR
|
|
IC / PP No
|
:
|
S1699490A
|
|
|
|
|
|
Address
|
:
|
106, JALAN
LANGGAR BEDOK, 468558, SINGAPORE.
|
|
|
|
|
|
|
|
|
|
|
|
|
|
2)
|
Company
Secretary
|
:
|
SIAU KUEI LIAN
|
|
IC / PP No
|
:
|
S7072715C
|
|
|
|
|
|
Address
|
:
|
224, SIMEI STREET
4, 11-114, 520224, SINGAPORE.
|
|
|
|
|
|
|
|
|
|
|
|
|
No Banker found in our databank.
No encumbrance was found in our databank at the time of investigation.
LITIGATION
CHECK AGAINST SUBJECT
|
* A check has been conducted in our databank againt 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
|
:
|
N/A
|
|
Overseas
|
:
|
N/A
|
|
|
|
The Subject refused to disclose its suppliers.
|
Local
|
:
|
YES
|
|
Domestic
Markets
|
:
|
SINGAPORE
|
|
Overseas
|
:
|
YES
|
|
|
|
|
Export Market
|
:
|
WORLDWIDE
|
|
Credit Term
|
:
|
N/A
|
|
|
|
|
|
|
|
Payment Mode
|
:
|
CHEQUES
TELEGRAPHIC TRANSFER (TT)
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Products
manufactured
|
:
|
|
SCIENTIFIC
EQUIPMENTS AND OTHER BIOLOGICAL PRODUCTS
|
|
|
|
|
|
Total Number
of Employees:
|
|
YEAR
|
2014
|
|
|
GROUP
|
N/A
|
|
|
|
|
|
|
|
|
|
COMPANY
|
30
|
|
|
|
|
|
|
|
|
Other Information:
The Subject is principally engaged in the (as a / as an) manufacturing of scientific
equipments and other biological products.
AB SCIEX helps to improve the world we live in by enabling scientists and
laboratory analysts to push the limits in their field and address the complex
analytical challenges they face.
The company's global leadership and world-class service & support in the
mass spectrometry industry have made it a trusted partner to thousands of the
scientists and lab analysts worldwide who are focused on basic research, drug
discovery & development, food & environmental testing, forensics and
clinical research.
Latest fresh investigations carried out on the Subject indicated that
:
|
Telephone
Number Provided By Client
|
:
|
N/A
|
|
Current
Telephone Number
|
:
|
65-65861110
|
|
Match
|
:
|
N/A
|
|
|
|
|
Address
Provided by Client
|
:
|
10 BIOOOLIS
ROAD, 4TH LEVEL, CHROMOS, SINGAPORE 138070
|
|
Current
Address
|
:
|
33, MARSILING
IND ESTATE ROAD 3, 04-06, 739256, SINGAPORE.
|
|
Match
|
:
|
NO
|
|
|
|
|
We have contacted the Subject's Accountant and its Company Secretary for
the latest financial accounts. However they have rejected our request in
view of the confidentiality of the documents.
|
|
Other
Investigations
On 17th October 2014 we contacted one of the staff from the Subject and she
provided some information.
The Subject refused to verify the address provided.
|
No latest
financial accounts are available at the Registry Office, thus we are not
able to comment on the Subject's financial performance.
|
|
|
|
|
|
|
|
|
Overall
financial condition of the Subject : N/A
|
|
|
SINGAPORE
ECONOMIC / INDUSTRY OUTLOOK
|
|
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)
|
|
|
|
|
|
|
INDUSTRY :
|
MANUFACTURING
|
|
|
|
|
The
manufacturing sector contracted by 1.1% in the fourth quarter of 2012, led
by declines in the electronics and precision engineering clusters. These clusters
were weighed down by weak global demand for semiconductors and
semiconductor-related equipment. For the whole year of 2012, the
manufacturing sector grew by 0.1%, significantly lower than the 7.8%
recorded in 2011 when the sector was boosted by a surge in the growth of
the biomedical manufacturing cluster.
|
|
|
Output of the
biomedical manufacturing cluster grew by 2.4% in the fourth quarter. The
expansion was driven by the medical technology segment which grew by a
healthy 9.2%, benefitting from robust export demand for medical devices.
The pharmaceuticals segment also grew by a modest 1.1%. For 2012, the
biomedical manufacturing cluster expanded by 9.9%.
|
|
|
Output of the transport
engineering cluster expanded by 4.9% in the fourth quarter. The aerospace
segment grew by 6.2%, supported by higher demand for repair jobs from
commercial airlines. Similarly, the marine & offshore engineering
segment expanded by 5.0%, on the back of higher contributions from oil rig
projects and oilfield equipment components. In the year 2012, the transport
engineering cluster surged by 11%.
|
|
|
The output of
the precision engineering cluster shrank by 1.3% in the fourth quarter. The
decline was led by the 5.3% contraction in the machinery & systems
segment, which saw weak export demand for semiconductor-related equipment.
On the other hand, the precision modules & components segment grew by
2.9%, supported by higher production of optical instruments &
photographic equipment and electronic connectors. In 2012, the precision
engineering cluster expanded by 1.3%.
|
|
|
The general
manufacturing cluster's output grew by 1.2% in the fourth quarter, driven
by the 6.4% growth in the miscellaneous industries segment. The segment's
growth was supported by higher production of batteries and
constructionrelated materials. By contrast, the printing and food,
beverages & tobacco segments declined by 6.4% and 1.3% respectively.
For 2012, the general manufacturing cluster grew by 2.0%.
|
|
|
The chemicals
cluster's output grew by 7.7% in the fourth quarter. The petrochemicals and
petroleum segments registered growth of 9.3% and 6.3% respectively, partly due
to the low base from plant shutdowns in end of 2011. The specialty
chemicals segment also expanded by 8.0% on the back of higher regional
demand. For the year 2012, the chemicals cluster declined by 0.4%,
primarily due to weak regional demand for specialty chemicals in the second
and third quarter of 2012.
|
|
|
Output of the
electronics cluster contracted by 10% in the fourth quarter, led by the
semiconductors and computer peripherals segments which contracted by 13%
and 15% respectively. By contrast, the data storage segment grew by 7.8%,
mainly due to the low base in end of 2011 when floods in Thailand had
disrupted the supply chain for data storage products. For the whole of
2012, the electronics cluster contracted by 11%.
|
|
|
|
OVERALL INDUSTRY
OUTLOOK : MATURE
|
CREDIT
RISK EVALUATION & RECOMMENDATION
|
|
Incorporated in 2009, the Subject is a Private Limited company, focusing on
manufacturing of scientific equipments and other biological products. The Subject
has been in business for 5 years and it has slowly been building up contact
with its clients while competing in the industry. However, it has yet to
enjoy a stable market shares as it need to compete many well established
players in the same field. The Subject have a strong capital position of
USD 266,276,933. We are confident with the Subject's business and its
future growth prospect. Having strong support from its holding company has
enabled the Subject to remain competitive despite the challenging business
environment.
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. Being a small
company, the Subject's business operation is supported by 30 employees.
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.
No financial accounts are available for analysis. As such, we are not able
to comment on the Subject's current financial standing.
The industry has reached its optimum level and is generally stable. It is
saturated and very competitive. Thus, the Subject's growth prospect is very
much depends on its capacity in sustaining its performance in the market.
Based on the above condition, we recommend credit be granted to the Subject
normally.
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No latest financial accounts are available at the Registry Office.
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