|
|
REGISTRATION NO.
|
:
|
200416493-N
|
|
COMPANY NAME
|
:
|
GETINGE SINGAPORE PTE. LTD.
|
|
FORMER NAME
|
:
|
GETINGE INTERNATIONAL FAR EAST PTE. LTD. (06/10/2010)
|
|
INCORPORATION DATE
|
:
|
22/12/2004
|
|
|
|
|
|
|
|
|
|
COMPANY STATUS
|
:
|
EXIST
|
|
LEGAL FORM
|
:
|
PRIVATE LIMITED
|
|
LISTED STATUS
|
:
|
NO
|
|
|
|
|
|
|
|
|
|
REGISTERED ADDRESS
|
:
|
20, BENDEMEER ROAD, 06- 04, 339914, SINGAPORE.
|
|
BUSINESS ADDRESS
|
:
|
20 BENDEMEER ROAD, #06-03 CYBERHUB BUILDING, 339914, SINGAPORE.
|
|
TEL.NO.
|
:
|
65-63967298
|
|
FAX.NO.
|
:
|
65-63967978
|
|
WEB SITE
|
:
|
WWW.GETINGE.COM
|
|
CONTACT PERSON
|
:
|
ERIK HARALD ROBERT CASTLER ( DIRECTOR )
|
|
|
|
|
|
|
|
|
|
PRINCIPAL ACTIVITY
|
:
|
WHOLESALE OF MEDICAL, PROFESSIONAL, SCIENTIFIC AND PRECISION
EQUIPMENT
|
|
|
|
|
|
ISSUED AND PAID UP CAPITAL
|
:
|
200,000.00 ORDINARY SHARE, OF A VALUE OF SGD 200,000.00
|
|
|
|
|
|
SALES
|
:
|
SGD 30,414,901 [2012]
|
|
NET WORTH
|
:
|
SGD 1,715,601 [2012]
|
|
|
|
|
|
STAFF STRENGTH
|
:
|
16 [2014]
|
|
LITIGATION
|
:
|
CLEAR
|
|
FINANCIAL CONDITION
|
:
|
FAIR
|
|
PAYMENT
|
:
|
AVERAGE
|
|
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
medical, professional, scientific and precision equipment.
The immediate holding company of the
Subject is GETINGE INTERNATIONAL AB, a company incorporated in SWEDEN.
The ultimate holding company of the Subject is GETINGE AB, a company
incorporated in SWEDEN.
Share Capital History
|
Date
|
Issue &
Paid Up Capital
|
|
10/09/2014
|
SGD 200,000.00
|
|
15/02/2013
|
SGD 200,000.00
|
The major shareholder(s) of the Subject
are shown as follows :
Name
|
Address
|
IC/PP/Loc No
|
Shareholding
|
(%)
|
|
GETINGE INTERNATIONAL AB
|
KEBERGSVAGEN 26, BOX 69, 310 44, GENTINGE HALMAND, SWEDEN.
|
T05UF0788F
|
200,000.00
|
100.00
|
|
|
|
|
---------------
|
------
|
|
|
|
|
200,000.00
|
100.00
|
|
|
|
|
============
|
=====
|
+ Also Director
DIRECTOR 1
|
Name Of Subject
|
:
|
ERIK HARALD ROBERT CASTLER
|
|
Address
|
:
|
BRODDESONSGATAN 22, SE 302, 34, HALMSTAD, SWEDEN.
|
|
IC / PP No
|
:
|
45090315
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Nationality
|
:
|
SWEDE
|
|
Date of Appointment
|
:
|
03/01/2005
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
DIRECTOR 2
|
Name Of Subject
|
:
|
KARL DAVID ROSEN
|
|
Address
|
:
|
FLAT C9, 4/F, REPULSE BAY APARTMENTS, 101, REPULSE BAY ROAD, HONG
KONG.
|
|
IC / PP No
|
:
|
45821358
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Nationality
|
:
|
SWEDE
|
|
Date of Appointment
|
:
|
03/03/2011
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
DIRECTOR 3
|
Name Of Subject
|
:
|
MR. LAU KWOK WAI
|
|
Address
|
:
|
5D, CHANCERY LANE, FIVE CHANCERY, SINGAPORE.
|
|
IC / PP No
|
:
|
S2661217I
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Nationality
|
:
|
SINGAPOREAN
|
|
Date of Appointment
|
:
|
22/12/2004
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
1)
|
Name of Subject
|
:
|
ERIK HARALD ROBERT CASTLER
|
|
|
Position
|
:
|
DIRECTOR
|
|
|
|
|
|
|
|
|
|
|
|
Auditor
|
:
|
PRICEWATER HOUSECOOPERS LLP
|
|
Auditor' Address
|
:
|
N/A
|
|
|
|
|
|
|
|
|
|
1)
|
Company Secretary
|
:
|
MR. LAU KWOK WAI
|
|
|
IC / PP No
|
:
|
S2661217I
|
|
|
|
|
|
|
|
Address
|
:
|
5D, CHANCERY LANE, FIVE CHANCERY, SINGAPORE.
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
No Banker found in our databank.
No encumbrance was found in our databank at the time of investigation.
LEGAL 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.
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
|
[
|
|
]
|
|
Good 31-60 Days
|
[
|
|
]
|
|
Average 61-90 Days
|
[
|
X
|
]
|
|
|
Fair 91-120 Days
|
[
|
|
]
|
|
Poor >120 Days
|
[
|
|
]
|
|
|
|
|
|
|
|
Local
|
:
|
YES
|
|
Domestic Markets
|
:
|
SINGAPORE
|
|
Overseas
|
:
|
YES
|
|
|
|
|
Export Market
|
:
|
WORLDWIDE
|
|
Credit Term
|
:
|
N/A
|
|
|
|
|
|
|
|
|
Payment Mode
|
:
|
CHEQUES
TELEGRAPHIC TRANSFER (TT)
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Goods Traded
|
:
|
MEDICAL, PROFESSIONAL, SCIENTIFIC AND PRECISION EQUIPMENT
|
|
|
|
|
|
Total Number of Employees:
|
|
YEAR
|
2014
|
|
|
|
|
GROUP
|
N/A
|
|
|
|
|
|
|
|
|
|
COMPANY
|
16
|
|
|
|
|
|
|
|
|
Other Information:
The Subject is principally engaged in the (as a / as an) wholesale of
medical, professional, scientific and precision equipment.
Getinge is every hospital's preferred partner and supplier of equipment and
services for cleaning, disinfection and sterilization of instruments.
Latest fresh
investigations carried out on the Subject indicated that :
|
Telephone Number Provided By Client
|
:
|
N/A
|
|
Current Telephone Number
|
:
|
65-63967298
|
|
Match
|
:
|
N/A
|
|
|
|
|
|
Address Provided by Client
|
:
|
20 BENDEMEER ROAD,339914 SINGAPORE
|
|
Current Address
|
:
|
20 BENDEMEER ROAD, #06-03 CYBERHUB BUILDING, 339914, SINGAPORE.
|
|
Match
|
:
|
NO
|
|
|
|
|
Other Investigations
On 9th September 2014 we contacted one of the staff from the Subject and she
provided some information.
The address provided is incomplete
|
Profitability
|
|
|
|
|
|
|
|
Turnover
|
:
|
Increased
|
[
|
83.24%
|
]
|
|
|
Profit/(Loss) Before Tax
|
:
|
Decreased
|
[
|
(417.35%)
|
]
|
|
|
Return on Shareholder Funds
|
:
|
Favourable
|
[
|
86.19%
|
]
|
|
|
Return on Net Assets
|
:
|
Favourable
|
[
|
83.99%
|
]
|
|
|
|
|
|
|
|
|
|
|
The increase in turnover could be due to the Subject adopting an aggressive
marketing strategy.The management had succeeded in turning the Subject into
a profit making company. The profit could be due to better control of its
operating costs and efficiency in utilising its resources. Generally the
Subject was profitable. The favourable return on shareholders' funds and
return on net assets indicate that the Subject's management was efficient
in utilising the assets to generate returns.
|
|
|
|
|
|
|
|
|
|
Working Capital Control
|
|
|
|
|
|
|
|
Stock Ratio
|
:
|
Favourable
|
[
|
16 Days
|
]
|
|
|
Debtor Ratio
|
:
|
Unfavourable
|
[
|
93 Days
|
]
|
|
|
Creditors Ratio
|
:
|
Favourable
|
[
|
26 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 debtors ratio
was high. The Subject should tighten its credit control and improve its
collection period. 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
|
:
|
Acceptable
|
[
|
0.97 Times
|
]
|
|
|
Current Ratio
|
:
|
Unfavourable
|
[
|
1.08 Times
|
]
|
|
|
|
|
|
|
|
|
|
|
The Subject's liquid ratio was slightly low. This could indicate
that the Subject's working capital was slightly deficient. The Subject will
have to improve its liquidity position either by obtaining short term financing
or increase its paid up capital so that it can meet all its short term
obligations as and when they fall due.
|
|
|
|
|
|
|
|
|
|
Solvency
|
|
|
|
|
|
|
|
Interest Cover
|
:
|
Unfavourable
|
[
|
(48.68 Times)
|
]
|
|
|
Gearing Ratio
|
:
|
Favourable
|
[
|
0.00 Times
|
]
|
|
|
|
|
|
|
|
|
|
|
The Subject incurred losses in the year. It did not generate
sufficient income to service its interest. If the situation does not improve,
the Subject may be vulnerable to default in servicing the interest. 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 higher turnover had helped to reduce the Subject's losses. The
Subject's liquidity was at an acceptable range. If the Subject is able to
obtain further short term financing, it should be able to meet all its
short term obligations. The Subject's interest cover was negative,
indicating that it did not generate sufficient income to service its
interest. If its result does not show impressive improvements or succeed
obtaining short term financing or capital injection, it may not be able to
service its interest and repay the loans. 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
|
|
|
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)
|
|
|
|
|
|
|
(Source : Department of Statistics)
|
|
|
|
|
|
|
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
|
CREDIT RISK EVALUATION &
RECOMMENDATION
|
|
Incorporated in 2004, the Subject is a Private Limited company, focusing on
wholesale of medical, professional, scientific and precision equipment.
Having been in the industry for over a decade, the Subject has achieved a
certain market share and has built up a satisfactory reputation in the
market. It should have received supports from its regular customers. With a
weak shareholders' backing, the Subject's capital position is weak.
Inadequate capital may be a constraint to the Subject as it limits its
ability to expand its business in future.
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 16 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.
We noted that both the turnover and
profits have increased compared to the previous year. The higher profit
could be due to increase in turnover and better control over its operating
costs. Based on the higher profitability, the Subject has generated a
favourable return based on its existing shareholders' funds which indicated
that the management was efficient in utilising its funds to generate
income. The Subject managed to maintain an adequate liquidity level,
indicating that the Subject has the ability to meet its 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 1,715,601, the
Subject should be able to maintain its business in the near terms.
Having a strong assets backing, the
Subject possesses latent assets as collateral for further financial
extension. Hence, it has good chance of getting loans if the needs arises.
The Subject's payment habit is average.
With its adequate working capital, the Subject should be able to pay its
short term debts.
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.
|
|
|
|
THE FINANCIAL
STATEMENTS WERE PREPARED IN ACCORDANCE WITH SINGAPORE FINANCIAL REPORTING
STANDARDS.
|
|
GETINGE
SINGAPORE PTE. LTD.
|
|
Financial Year End
|
2012-12-31
|
2011-12-31
|
|
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
|
|
|
|
|
|
TURNOVER
|
30,414,901
|
16,598,422
|
|
|
----------------
|
----------------
|
|
Total Turnover
|
30,414,901
|
16,598,422
|
|
Costs of Goods Sold
|
(21,808,990)
|
(11,417,700)
|
|
|
----------------
|
----------------
|
|
Gross Profit
|
8,605,911
|
5,180,722
|
|
|
----------------
|
----------------
|
|
|
|
|
|
PROFIT/(LOSS) FROM OPERATIONS
|
1,685,752
|
(531,195)
|
|
|
----------------
|
----------------
|
|
PROFIT/(LOSS) BEFORE TAXATION
|
1,685,752
|
(531,195)
|
|
Taxation
|
(207,000)
|
-
|
|
|
----------------
|
----------------
|
|
PROFIT/(LOSS) AFTER TAXATION
|
1,478,752
|
(531,195)
|
|
|
----------------
|
----------------
|
|
RETAINED PROFIT/(LOSS) BROUGHT FORWARD
|
|
|
|
As previously reported
|
36,849
|
568,044
|
|
|
----------------
|
----------------
|
|
As restated
|
36,849
|
568,044
|
|
|
----------------
|
----------------
|
|
PROFIT AVAILABLE FOR APPROPRIATIONS
|
1,515,601
|
36,849
|
|
|
----------------
|
----------------
|
|
RETAINED PROFIT/(LOSS) CARRIED FORWARD
|
1,515,601
|
36,849
|
|
|
=============
|
=============
|
|
|
|
|
|
INTEREST EXPENSE (as per notes to P&L)
|
|
|
|
Loan from holding company
|
(33,934)
|
(1,656)
|
|
Others
|
-
|
46
|
|
|
----------------
|
----------------
|
|
|
(33,934)
|
(1,610)
|
|
|
=============
|
=============
|
|
|
|
|
|
GETINGE
SINGAPORE PTE. LTD.
|
|
ASSETS EMPLOYED:
|
|
|
|
FIXED ASSETS
|
174,269
|
186,139
|
|
|
|
|
|
Others
|
800,000
|
900,000
|
|
|
----------------
|
----------------
|
|
TOTAL INTANGIBLE ASSETS
|
800,000
|
900,000
|
|
|
----------------
|
----------------
|
|
TOTAL LONG TERM ASSETS
|
974,269
|
1,086,139
|
|
|
|
|
|
Stocks
|
1,333,889
|
348,645
|
|
Trade debtors
|
7,716,446
|
7,658,176
|
|
Other debtors, deposits & prepayments
|
221,935
|
1,424,284
|
|
Amount due from holding company
|
-
|
11,000
|
|
Amount due from related companies
|
31,858
|
787,724
|
|
Cash & bank balances
|
2,580,542
|
1,498,554
|
|
Others
|
1,247,157
|
388,757
|
|
|
----------------
|
----------------
|
|
TOTAL CURRENT ASSETS
|
13,131,827
|
12,117,140
|
|
|
----------------
|
----------------
|
|
TOTAL ASSET
|
14,106,096
|
13,203,279
|
|
|
=============
|
=============
|
|
|
|
|
|
CURRENT LIABILITIES
|
|
|
|
Trade creditors
|
1,551,082
|
971,093
|
|
Other creditors & accruals
|
2,521,523
|
2,073,958
|
|
Deposits from customers
|
942,988
|
1,936,287
|
|
Amounts owing to holding company
|
418,286
|
413,809
|
|
Amounts owing to related companies
|
6,432,847
|
7,245,357
|
|
Dividends payable/proposed
|
221,259
|
862
|
|
Other liabilities
|
51,340
|
86,404
|
|
|
----------------
|
----------------
|
|
TOTAL CURRENT LIABILITIES
|
12,139,325
|
12,727,770
|
|
|
----------------
|
----------------
|
|
NET CURRENT ASSETS/(LIABILITIES)
|
992,502
|
(610,630)
|
|
|
----------------
|
----------------
|
|
TOTAL NET ASSETS
|
1,966,771
|
475,509
|
|
|
=============
|
=============
|
|
|
|
|
|
SHARE CAPITAL
|
|
|
|
Ordinary share capital
|
200,000
|
200,000
|
|
|
----------------
|
----------------
|
|
TOTAL SHARE CAPITAL
|
200,000
|
200,000
|
|
|
|
|
|
Retained profit/(loss) carried forward
|
1,515,601
|
36,849
|
|
|
----------------
|
----------------
|
|
TOTAL RESERVES
|
1,515,601
|
36,849
|
|
|
|
|
|
|
----------------
|
----------------
|
|
SHAREHOLDERS' FUNDS/EQUITY
|
1,715,601
|
236,849
|
|
|
|
|
|
Others
|
251,170
|
238,660
|
|
|
----------------
|
----------------
|
|
TOTAL LONG TERM LIABILITIES
|
251,170
|
238,660
|
|
|
----------------
|
----------------
|
|
|
1,966,771
|
475,509
|
|
|
=============
|
=============
|
|
|
|
|
|
|
|
|
|
GETINGE
SINGAPORE PTE. LTD.
|
|
TYPES OF FUNDS
|
|
|
|
Cash
|
2,580,542
|
1,498,554
|
|
Net Liquid Funds
|
2,580,542
|
1,498,554
|
|
Net Liquid Assets
|
(341,387)
|
(959,275)
|
|
Net Current Assets/(Liabilities)
|
992,502
|
(610,630)
|
|
Net Tangible Assets
|
1,166,771
|
(424,491)
|
|
Net Monetary Assets
|
(592,557)
|
(1,197,935)
|
|
BALANCE SHEET ITEMS
|
|
|
|
Total Borrowings
|
0
|
0
|
|
Total Liabilities
|
12,390,495
|
12,966,430
|
|
Total Assets
|
14,106,096
|
13,203,279
|
|
Net Assets
|
1,966,771
|
475,509
|
|
Net Assets Backing
|
1,715,601
|
236,849
|
|
Shareholders' Funds
|
1,715,601
|
236,849
|
|
Total Share Capital
|
200,000
|
200,000
|
|
Total Reserves
|
1,515,601
|
36,849
|
|
LIQUIDITY (Times)
|
|
|
|
Cash Ratio
|
0.21
|
0.12
|
|
Liquid Ratio
|
0.97
|
0.92
|
|
Current Ratio
|
1.08
|
0.95
|
|
WORKING CAPITAL CONTROL (Days)
|
|
|
|
Stock Ratio
|
16
|
8
|
|
Debtors Ratio
|
93
|
168
|
|
Creditors Ratio
|
26
|
31
|
|
SOLVENCY RATIOS (Times)
|
|
|
|
Gearing Ratio
|
0.00
|
0.00
|
|
Liabilities Ratio
|
7.22
|
54.75
|
|
Times Interest Earned Ratio
|
(48.68)
|
330.93
|
|
Assets Backing Ratio
|
5.83
|
(2.12)
|
|
PERFORMANCE RATIO (%)
|
|
|
|
Operating Profit Margin
|
5.54
|
(3.20)
|
|
Net Profit Margin
|
4.86
|
(3.20)
|
|
Return On Net Assets
|
83.99
|
(112.05)
|
|
Return On Capital Employed
|
59.70
|
(38.74)
|
|
Return On Shareholders' Funds/Equity
|
86.19
|
(224.28)
|
|
Dividend Pay Out Ratio (Times)
|
0.00
|
0.00
|
|
NOTES TO ACCOUNTS
|
|
|
|
Contingent Liabilities
|
0
|
0
|
|