MIRA INFORM REPORT

 

Report Date :           

10.09.2014

 

IDENTIFICATION DETAILS

 

Name :

GETINGE SINGAPORE PTE. LTD.

 

 

Formerly Known As :

GETINGE INTERNATIONAL FAR EAST PTE. LTD.

 

 

Registered Office :

20 Bendemeer Road #06-02 Singapore 339914

 

 

Country :

Singapore

 

 

Financials (as on) :

31.12.2010

 

 

Date of Incorporation :

22.12.2004

 

 

Com. Reg. No.:

200416493N

 

 

Legal Form :

Limited Private Company

 

 

Line of Business :

Wholesale of medical, professional, scientific and precision equipment

 

 

No. of Employees :

Not Available

 

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

 

Executive Summary

 

Company Name

:

GETINGE SINGAPORE PTE. LTD.

Registration No

:

200416493N

Date of Registration

:

22/12/2004

Former Name

:

GETINGE INTERNATIONAL FAR EAST PTE. LTD. Eff. date : 22/12/2004 Eff. date : 22/12/2004

Date of Change of Name

:

06/10/2010

Type of Company

:

LIMITED PRIVATE COMPANY

Registered Address

:

20 BENDEMEER ROAD #06-02 SINGAPORE 339914

Date of Change of Address

:

06/06/2006

Contact No.

:

NA

Fax No.

:

NA

Website

:

NA

Registered Activities

:

1. WHOLESALE OF MEDICAL, PROFESSIONAL, SCIENTIFIC AND PRECISION EQUIPMENT

TRADING OF HEALTHCARE & LIFE SCIENCE PRODUCTS & EQUIPMENT

2. OTHER PROFESSIONAL, SCIENTIFIC AND TECHNICAL ACTIVITIES NEC

PROVIDING RELATED SERVICES FOR HEALTHCARE & LIFE SCIENCE PRODUCTS & EQUIPMENT

Issued Ordinary Capital*

:

$200,000.00 SINGAPORE, DOLLARS ,NO. OF SHARE : 200,000

Issued Preference Capital

:

NA

Paid-Up Ordinary Capital

:

$200,000.00 SINGAPORE, DOLLARS

Paid-Up Preference Capital

:

NA

* Number of Shares includes number of Issued Treasury Shares

Issued Treasury Capital

:

NA

Paid-Up Treasury Capital

:

NA

No. of Local Subsidiaries

:

NA

No. of Local Associates

:

NA

Auditor

:

PRICEWATERHOUSECOOPERS LLP

Bankers / Financiers

:

NA

Turnover

:

SINGAPORE, DOLLARS 2,395,175.00 (FY2010)

Net Worth

:

SINGAPORE, DOLLARS 618,044.00 (FY2010)

No. of Bank Charges

:

NA

No. of Litigation Suits

:

NA

S1000 / SME 500 / FG50 Ranking

:

No found for SINGAPORE 1000 and SME 1000

Compounded Annual Growth Rate (CAGR)

:

3.19% (4 years)

 

 

Credit Recommendation

 

Recommended Credit Line

:

No Recommendation

 

 

SHAREHOLDER DETAILS

 

NAME

:

GETINGE INTERNATIONAL AB

SHAREHOLDER ID

:

T05UF0788F

NATIONALITY

:

SWEDEN

ADDRESS

:

EKEBERGSVAGEN 26, BOX 69, 310 44 GETINGE, HALMSTAD

NO. OF ORD SHARES

:

200,000

% OF SHAREHOLDING

:

100%

CURRENCY

:

SINGAPORE, DOLLARS

 

 

OFFICER DETAILS

 

NAME

:

ERIK HARALD ROBERT CASTLER

ADDRESS

:

BRODDESONSGATAN 22 SE 302 34 HALMSTAD SWEDEN

POSITION

:

DIRECTOR

DATE OF APPT

:

03/01/2005

NATIONALITY

:

SWEDISH

I/C PASSPORT

:

45090315

 

NAME

:

KARL DAVID ROSEN

ADDRESS

:

109 ELLIOT STREET HAWTHORNE QUEENSLAND 4171 AUSTRALIA

POSITION

:

DIRECTOR

DATE OF APPT

:

03/03/2011

NATIONALITY

:

SWEDISH

I/C PASSPORT

:

45821358

 

NAME

:

DAG ELMAR LEFF-HALLSTEIN

ADDRESS

:

2A CORNWALL GARDENS #01-20 CORNWALL, THE SINGAPORE 269678

POSITION

:

DIRECTOR

MANAGING DIRECTOR

DATE OF APPT

:

29/02/2008

29/02/2008

NATIONALITY

:

SWEDISH

I/C PASSPORT

:

F0619252K

 

NAME

:

LAU KWOK WAI

ADDRESS

:

23 HILLVIEW AVENUE #10-02 SINGAPORE 669557

POSITION

:

DIRECTOR

SECRETARY

DATE OF APPT

:

22/12/2004

03/01/2005

NATIONALITY

:

SINGAPORE P.R.

I/C PASSPORT

:

S2661217I

 

 

KEY PERSONNEL PROFILE

 

Name:

DAG ELMAR LEFF-HALLSTEIN

NRIC Number:

F0619252K

Available Address:

2A CORNWALL GARDENS #01-20 CORNWALL, THE  SINGAPORE 269678

 

Current Business Interest

No.

Name

Position

Appt Date

#of Share

%

1

GETINGE SINGAPORE PTE. LTD.

DIRECTOR

29/02/2008

-

-

2

GETINGE SINGAPORE PTE. LTD.

MANAGING DIRECTOR

29/02/2008

-

-

 

Previous Business

No.

Name

 

 

Status

Position

Appt Date

Last Known Inactive Date

No Trace

 

 

 

 

 

Bankruptcy Record

Case No.

Year

Date of Filing

Petitioner Name

Amount

No Trace

 

 

 

 

 

Litigation Search – Writ of Summons

Court

Case No.

Year

Date of Filing

Amount

Cause Category

No Trace

 

 

 

 

 

 

SUBSIDIARIES AND ASSOCIATE COMPANIES

 

Company

Shareholdings (%)

 

NA

 

 

 

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

 

Date of Last AGM

:

30/06/2011

Date of Last AR

:

22/07/2011

Date of A/C Laid At Last AGM

:

31/12/2010

 

 

FINANCIAL HIGHLIGHTS

 

Financial Figures

Company

 

DEC 2010

% Change

DEC 2009

DEC 2008

DEC 2007

DEC 2006

Currency

SINGAPORE, DOLLARS

 

SINGAPORE, DOLLARS

SINGAPORE, DOLLARS

SINGAPORE, DOLLARS

SGD - SIN

Profit and Loss Key Figures

 

 

 

 

 

 

Turnover

2,395,175

1.88

2,350,895

2,688,690

2,331,449

2,112,340

Profit/(Loss) Before Tax

118,561

3.87

114,144

127,954

105,857

100,642

Profit After Tax attributable to Shareholders

108,400

4.89

103,342

119,407

90,435

80,310

 

 

 

 

 

 

 

Balance Sheet Key Figures

 

 

 

 

 

 

Total Assets

1,376,279

18.11

1,165,221

1,162,912

950,109

754,424

Current Assets

1,376,279

20.69

1,140,342

1,121,243

890,379

676,779

Non Current Assets

0

-100.00

24,879

41,669

59,730

77,645

 

 

 

 

 

 

 

Total Liabilities

758,235

15.66

655,577

756,610

663,214

557,964

Current Liabilities

758,235

16.51

650,793

751,826

654,977

551,728

Non Current Liabilities

0

-100.00

4,784

4,784

8,237

6,236

 

 

 

 

 

 

 

Shareholders' Funds

618,044

21.27

509,644

406,302

286,895

196,460

Share Capital

50,000

0.00

50,000

50,000

50,000

50,000

Total Reserves

568,044

23.58

459,644

356,302

236,895

146,460

 

 

 

 

 

 

 

 

 

FINANCIAL RATIOS

 

 

Company

 

DEC 2010

DEC 2009

DEC 2008

DEC 2007

DEC 2006

Growth %

 

 

 

 

 

Year-on-Year Growth

1.88

-12.56

15.32

10.37

NA

 

 

 

 

 

 

Profitability

 

 

 

 

 

Profit Margin (%)

4.53

4.40

4.44

3.88

3.80

Return on Equity (%)

17.54

20.28

29.39

31.52

40.88

Return on Assets (%)

7.88

8.87

10.27

9.52

10.65

 

 

 

 

 

 

Leverage

 

 

 

 

 

Total Debt/Equity (Times)

1.23

1.29

1.86

2.31

2.84

Current Debt/Equity (Times)

1.23

1.28

1.85

2.28

2.81

Long Term Debt To Equity (Times)

0.00

0.01

0.01

0.03

0.03

Total Asset To Total Equity (Times)

2.23

2.29

2.86

3.31

3.84

 

 

 

 

 

 

Asset Management

 

 

 

 

 

Total Assets Turnover (Times)

1.74

2.02

2.31

2.45

2.80

Fixed Assets Turnover (Times)

0.00

94.49

64.52

39.03

27.21

 

 

 

 

 

 

Liquidity

 

 

 

 

 

Current Ratio (Times)

1.82

1.75

1.49

1.36

1.23

 

 

 

 

 

 

 

FINANCIAL COMMENTARY

 

Compound Annual Growth Rate

 

The company's CAGR is 3.19% (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 4.53 per cent in FY10 (FY09: 4.40 per cent). The company is now able to book in SINGAPORE, DOLLARS 0.05 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 1.82 times in FY10 (FY09: 1.75 times). This means that the company has SINGAPORE, DOLLARS 1.82 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 1.23 times in FY10, compared with 1.29 times in FY09. This means that the company requires additional external financing of SINGAPORE, DOLLARS 1.23 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 17.54 per cent for Subject in the current financial period, as compared to 20.28 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 7.88 per cent (FY09: 8.87 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 1.74 times in FY10 (FY09: 2.02 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.60.42

UK Pound

1

Rs.97.24

Euro

1

Rs.77.92

 

INFORMATION DETAILS

 

Report Prepared by :

PDT

 

               

 

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