|
Report No. : |
296163.2 |
|
Report Date : |
07.04.2015 |
IDENTIFICATION DETAILS
|
Name : |
AGILENT TECHNOLOGIES SINGAPORE (SALES) PTE. LTD. |
|
|
|
|
Formerly Known As : |
AGILENT TECHNOLOGIES SINGAPORE (SALES) PTE LTD |
|
|
|
|
Registered Office : |
480, Lorong 6, Toa Payoh, 16-01, HDB Hub, 310480 |
|
|
|
|
Country : |
Singapore |
|
|
|
|
Financials (as on) : |
31.10.2014 |
|
|
|
|
Date of Incorporation : |
13.08.1999 |
|
|
|
|
Com. Reg. No.: |
199904761-K |
|
|
|
|
Legal Form : |
Private Limited |
|
|
|
|
Line of Business : |
Trading of Electronic Tester and Measurements. |
|
|
|
|
No of Employees : |
260 [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 – December 31, 2014
|
Country Name |
Previous Rating (30.09.2014) |
Current Rating (31.12.2014) |
|
Singapore |
A1 |
A1 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
|
Moderate |
B1 |
|
High |
B2 |
|
Very High |
C1 |
|
Restricted |
C2 |
|
Off-credit |
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
|
|
REGISTRATION
NO. |
: |
199904761-K |
||||
|
COMPANY
NAME |
: |
AGILENT
TECHNOLOGIES SINGAPORE (SALES) PTE. LTD. |
||||
|
FORMER
NAME |
: |
AGILENT
TECHNOLOGIES SINGAPORE (SALES) PTE LTD (14/08/1999) |
||||
|
INCORPORATION
DATE |
: |
13/08/1999 |
||||
|
COMPANY
STATUS |
: |
EXIST |
||||
|
LEGAL
FORM |
: |
PRIVATE
LIMITED |
||||
|
LISTED
STATUS |
: |
NO |
||||
|
REGISTERED
ADDRESS |
: |
480
LORONG 6 TOA PAYOH #16-01 HDB HUB, 310480, SINGAPORE. |
||||
|
BUSINESS
ADDRESS |
: |
1
YISHUN AVENUE 7, 768923, SINGAPORE. |
||||
|
TEL.NO. |
: |
65-62762622 |
||||
|
FAX.NO. |
: |
65-68228405 |
||||
|
EMAIL |
: |
CCC-SMT@AGILENT.COM |
||||
|
WEB
SITE |
: |
WWW.CHEM.AGILENT.COM |
||||
|
CONTACT
PERSON |
: |
CHEONG
CHENG HUA ( DIRECTOR ) |
||||
|
PRINCIPAL
ACTIVITY |
: |
TRADING
OF ELECTRONIC TESTER AND MEASUREMENTS |
||||
|
ISSUED
AND PAID UP CAPITAL |
: |
1,048,588.00
ORDINARY SHARE, OF A VALUE OF SGD 1,998,931.97 |
||||
|
SALES |
: |
USD
676,336,000 [2014] |
||||
|
NET
WORTH |
: |
USD
26,393,000 [2014] |
||||
|
STAFF
STRENGTH |
: |
260
[2014] |
||||
|
||||||
|
LITIGATION |
: |
CLEAR |
||||
|
FINANCIAL
CONDITION |
: |
STABLE |
||||
|
PAYMENT |
: |
FAIR |
||||
|
MANAGEMENT
CAPABILITY |
: |
AVERAGE |
||||
|
COMMERCIAL
RISK |
: |
LOW |
||||
|
CURRENCY
EXPOSURE |
: |
MODERATE |
||||
|
GENERAL
REPUTATION |
: |
SATISFACTORY |
||||
|
INDUSTRY
OUTLOOK |
: |
AVERAGE
GROWTH |
||||
HISTORY
/ BACKGROUND
|
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 of electronic
tester and measurements.
The
immediate holding company of the Subject is AGILENT TECHNOLOGIES SINGAPORE
(INTERNATIONAL) PTE. LTD., a company incorporated in SINGAPORE.
Share
Capital History
|
Date |
Issue
& Paid Up Capital |
|
04/12/2014 |
SGD
1,998,931.97 |
The
major shareholder(s) of the Subject are shown as follows :
|
Name |
Address |
IC/PP/Loc
No |
Shareholding |
(%) |
|
AGILENT
TECHNOLOGIES SINGAPORE (INTERNATIONAL) PTE. LTD. |
480,
LORONG 6, TOA PAYOH, 16-01, HDB HUB, 310480, SINGAPORE. |
200923087N |
1,048,588.00 |
100.00 |
|
--------------- |
------ |
|||
|
1,048,588.00 |
100.00 |
|||
|
============ |
===== |
+
Also Director
DIRECTORS
|
DIRECTOR
1
|
Name
Of Subject |
: |
CHEONG
CHENG HUA |
|
Address |
: |
8,
BUTTERWORTH LANE, 12-09, BUTTERWORTH 8, 439423, SINGAPORE. |
|
IC
/ PP No |
: |
S1695015G |
|
Nationality |
: |
SINGAPOREAN |
|
Date
of Appointment |
: |
01/11/2013 |
DIRECTOR
2
|
Name
Of Subject |
: |
YANG
ENG HUAT |
|
Address |
: |
119,
MARSILING RISE, 06-132, 730119, SINGAPORE. |
|
IC
/ PP No |
: |
S1745013A |
|
Nationality |
: |
SINGAPOREAN |
|
Date
of Appointment |
: |
09/02/2004 |
DIRECTOR
3
|
Name
Of Subject |
: |
CHEE
ENG CHUAN CHARLES |
|
Date
of Appointment |
: |
03/08/2007 |
DIRECTOR
4
|
Name
Of Subject |
: |
MR.
DANIEL MAK SENG FATT |
|
|
Address |
: |
1,
JALAN SS 22/27, DAMANSARA JAYA, 47400 PETALING JAYA, SELANGOR, MALAYSIA. |
|
|
IC
/ PP No |
: |
S6869369A |
|
|
New
IC No |
: |
680723-05-5147 |
|
|
Date
of Birth |
: |
23/07/1968 |
|
|
Nationality |
: |
MALAYSIAN |
|
|
Date
of Appointment |
: |
01/11/2013 |
|
MANAGEMENT
|
|
1) |
Name of Subject |
: |
CHEONG CHENG HUA |
|
Position |
: |
DIRECTOR |
AUDITOR
|
|
Auditor |
: |
BDO LLP |
|
Auditor' Address |
: |
N/A |
COMPANY
SECRETARIES
|
|
1) |
Company Secretary |
: |
TAN LI HUANG MARY LYNNE |
|
IC / PP No |
: |
S1654258Z |
|
|
Address |
: |
50 GOLDHILL AVENUE,#01-02, SINGAPORE 309031, SINGAPORE. |
BANKING
|
Banking relations are maintained principally with :
|
1) |
Name |
: |
OVERSEA-CHINESE BANKING CORPORATION LIMITED |
ENCUMBRANCE
(S)
|
|
Charge No |
Creation Date |
Charge Description |
Chargee Name |
Total Charge |
Status |
|
C200303857 |
08/08/2003 |
N/A |
OVERSEA-CHINESE BANKING CORPORATION LIMITED |
- |
Unsatisfied |
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.
PAYMENT
RECORD
|
|
||
|
SOURCES OF RAW MATERIALS: |
||
|
Local |
: |
N/A |
|
Overseas |
: |
N/A |
The Subject refused to disclose it's 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 |
[ |
] |
||||||
|
Fair 91-120 Days |
[ |
X |
] |
Poor >120 Days |
[ |
] |
||||||||
CLIENTELE
|
|
Local |
: |
YES |
|||
|
Domestic Markets |
: |
SINGAPORE |
|||
|
Overseas |
: |
YES |
|||
|
Export Market |
: |
WORLDWIDE |
|||
|
Credit Term |
: |
N/A |
|||
|
Payment Mode |
: |
N/A |
|||
OPERATIONS
|
|
Goods Traded |
: |
ELECTRONIC TESTER AND MEASUREMENTS |
|
|
Total Number of Employees: |
|||||||||
|
YEAR |
2014 |
2013 |
|||||||
|
|
|||||||||
|
GROUP |
N/A |
N/A |
|||||||
|
COMPANY |
260 |
260 |
|||||||
|
Branch |
: |
NO |
Other
Information:
The Subject is principally engaged in the (as a / as an) trading of electronic
tester and measurements.
As the world's premier measurement company, Agilent offers the broadest range of
innovative measurement solutions in the industry. The company's four businesses
- Chemical Analysis, Life Sciences, Diagnostics and Genomics, and Electronic
Measurement - provide customers with products and services that make a real
difference in the lives of people everywhere.
Within life sciences & chemical analysis, its solutions are focused in the
following markets; Pharmaceutical companies, biotechnology companies, academic
and government laboratories, contract research organisations, contract marketing
organisations, energy & fuels, environmental, food safety, forensics,
bioagriculture and homeland security.
Its product areas are gas chromatography, liquid chromatography, mass
spectrometry, microarrays, squencing target enrichment, microfluidics, ICP-MS,
magnetic resonance, reagents, capillary electrophoresis, lab automation,
software and informatics, vacuum technology and consumables and services.
CURRENT
INVESTIGATION
|
Latest fresh investigations carried out on the Subject indicated that :
|
Telephone Number Provided By Client |
: |
N/A |
|
Current Telephone Number |
: |
65-62762622 |
|
Match |
: |
N/A |
|
Address Provided by Client |
: |
SINGAPORE |
|
Current Address |
: |
1 YISHUN AVENUE 7, 768923, SINGAPORE. |
|
Match |
: |
NO |
Other
Investigations
We contacted one of the staff from the Subject and she provided some
information on the Subject.
The address provided is incomplete.
|
Profitability |
||||||
|
Turnover |
: |
Decreased |
[ |
2011
- 2014 |
] |
|
|
Profit/(Loss)
Before Tax |
: |
Decreased |
[ |
2011
- 2014 |
] |
|
|
Return
on Shareholder Funds |
: |
Favourable |
[ |
122.31% |
] |
|
|
Return
on Net Assets |
: |
Unfavourable |
[ |
8.09% |
] |
|
|
The
continuous fall in turnover could be due to the lower demand for the
Subject's products / services.The dip in profit could be due to the stiff
market competition which reduced the Subject's profit margin. 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 |
[ |
12
Days |
] |
|
|
Debtor
Ratio |
: |
Unfavourable |
[ |
103
Days |
] |
|
|
Creditors
Ratio |
: |
Unfavourable |
[ |
118
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 unfavourable creditors' ratio could be due to the Subject taking
advantage of the credit granted by its suppliers. However this may affect the
goodwill between the Subject and its suppliers and the Subject may
inadvertently have to pay more for its future supplies. |
||||||
|
Liquidity |
||||||
|
Liquid
Ratio |
: |
Favourable |
[ |
1.05
Times |
] |
|
|
Current
Ratio |
: |
Unfavourable |
[ |
1.17
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 : |
||||||
|
The
Subject's performance deteriorated over the years with lower turnover and
profit. 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 : STABLE |
||||||
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
ANALYSIS
|
|
INDUSTRY
: |
TRADING |
|
The
wholesale and retail trade sectors have expanded by 2.0% in the third quarter
of 2014, extending the 1.8 per cent growth in the previous quarter. In 2013,
the wholesale and retail sector expanded by 5.0%, after declining by 1.4% the
year before. Growth of the sector was driven by the wholesale trade segment. |
|
|
The
domestic wholesale trade index has increased by 3.2% in the fourth quarter of
2013, moderating from the 6.6% growth in the previous quarter. The slower
growth was due to a decline in the sales of furniture and household equipment
(-12%) and petroleum and petroleum products (-0.6%). For the full year, the
domestic wholesale trade index grew by 5.2% reversing the 2.2% decline in
2012. On the other hand, the foreign wholesale trade index has increased by a
slower pace of 5.6% in the fourth quarter, compared to the 7.7% expansion in
the preceding quarter. The slowdown was due to a fall in the sales of
telecommunication equipment and computer (-3.8%) and petroleum and petroleum
products (-2.5%). For the full year, the growth of the foreign wholesale
trade index moderated slightly to 8.6% from 9.1% in the previous year. |
|
|
In
the fourth quarter of 2013, retail sales volume fell by 6.2%, extending the 5.6%
decline in the previous quarter. Excluding motor vehicles, retail sales
volume increased by 0.4%, a slower pace of expansion as compared to the 1.6%
gain in the preceding quarter. The sales volume of motor vehicles fell by 33%
in the fourth quarter of 2013, extending the 32% decline in the previous
quarter. Meanwhile, the sales of several discretionary items also fell in the
fourth quarter of 2013. For instance, the sales of telecommunications
apparatus and computers fell by 12%, while the sales of furniture and
household equipment declined by 5.4%. |
|
|
For
the full year, retail sales volume contracted by 4.3%, a reversal from the
1.3% expansion in 2012. Excluding motor vehicle sales, the retail sales
volume grew by 1.1% in 2013, slower than the 1.7% increase in 2012. Watches
and jewellery recorded the largest increase (11%) in sales in 2013, followed
by optical goods and book (3%) and medical goods and toiletries (3%). By
contrast, the sales of telecommunications apparatus and computer (-7.3%), furniture
and household equipment (-4.2%) and petrol service stations (-1.4) declined
in 2013. |
|
|
OVERALL
INDUSTRY OUTLOOK : AVERAGE GROWTH |
|
CREDIT
RISK EVALUATION & RECOMMENDATION
|
|
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 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.
|
|
|
|
THE
FINANCIAL STATEMENTS WERE PREPARED IN ACCORDANCE WITH SINGAPORE FINANCIAL
REPORTING STANDARDS. |
|
AGILENT
TECHNOLOGIES SINGAPORE (SALES) PTE. LTD. |
|
Financial
Year End |
2014-10-31 |
2013-10-31 |
2012-10-31 |
2011-10-31 |
|
Months |
12 |
12 |
12 |
12 |
|
Consolidated
Account |
Company |
Company |
Company |
Company |
|
Audited
Account |
YES |
YES |
YES |
YES |
|
Unqualified
Auditor's Report (Clean Opinion) |
YES |
YES |
YES |
YES |
|
Financial
Type |
FULL |
FULL |
FULL |
FULL |
|
Currency |
USD |
USD |
USD |
USD |
|
TURNOVER |
676,336,000 |
728,010,000 |
1,590,329,000 |
1,595,736,000 |
|
Other
Income |
697,000 |
950,000 |
1,424,000 |
777,000 |
|
---------------- |
---------------- |
---------------- |
---------------- |
|
|
Total
Turnover |
677,033,000 |
728,960,000 |
1,591,753,000 |
1,596,513,000 |
|
Costs
of Goods Sold |
(572,893,000) |
(629,344,000) |
(1,395,498,000) |
(1,395,263,000) |
|
---------------- |
---------------- |
---------------- |
---------------- |
|
|
Gross
Profit |
104,140,000 |
99,616,000 |
196,255,000 |
201,250,000 |
|
---------------- |
---------------- |
---------------- |
---------------- |
|
|
PROFIT/(LOSS)
FROM OPERATIONS |
2,558,000 |
3,391,000 |
3,596,000 |
3,854,000 |
|
---------------- |
---------------- |
---------------- |
---------------- |
|
|
PROFIT/(LOSS)
BEFORE TAXATION |
2,558,000 |
3,391,000 |
3,596,000 |
3,854,000 |
|
Taxation |
(848,000) |
(1,699,000) |
(893,000) |
(557,000) |
|
---------------- |
---------------- |
---------------- |
---------------- |
|
|
PROFIT/(LOSS)
AFTER TAXATION |
1,710,000 |
1,692,000 |
2,703,000 |
3,297,000 |
|
Pre-acquisition
profit/(loss) |
30,570,000 |
392,000 |
- |
- |
|
---------------- |
---------------- |
---------------- |
---------------- |
|
|
PROFIT/(LOSS)
BEFORE EXTRAORDINARY ITEMS |
32,280,000 |
2,084,000 |
2,703,000 |
3,297,000 |
|
Extraordinary
items |
- |
- |
- |
(146,000) |
|
---------------- |
---------------- |
---------------- |
---------------- |
|
|
PROFIT/(LOSS)
ATTRIBUTABLE TO SHAREHOLDERS |
32,280,000 |
2,084,000 |
2,703,000 |
3,151,000 |
|
RETAINED
PROFIT/(LOSS) BROUGHT FORWARD |
||||
|
As
previously reported |
16,345,000 |
14,261,000 |
11,558,000 |
8,407,000 |
|
---------------- |
---------------- |
---------------- |
---------------- |
|
|
As
restated |
16,345,000 |
14,261,000 |
11,558,000 |
8,407,000 |
|
---------------- |
---------------- |
---------------- |
---------------- |
|
|
PROFIT
AVAILABLE FOR APPROPRIATIONS |
48,625,000 |
16,345,000 |
14,261,000 |
11,558,000 |
|
DIVIDENDS
- Ordinary (paid & proposed) |
(30,134,000) |
- |
- |
- |
|
---------------- |
---------------- |
---------------- |
---------------- |
|
|
RETAINED
PROFIT/(LOSS) CARRIED FORWARD |
18,491,000 |
16,345,000 |
14,261,000 |
11,558,000 |
|
============= |
============= |
============= |
============= |
|
|
DEPRECIATION
(as per notes to P&L) |
584,000 |
800,000 |
854,000 |
823,000 |
|
---------------- |
---------------- |
---------------- |
---------------- |
|
|
584,000 |
800,000 |
854,000 |
823,000 |
|
|
============= |
============= |
============= |
============= |
|
AGILENT
TECHNOLOGIES SINGAPORE (SALES) PTE. LTD. |
|
ASSETS
EMPLOYED: |
||||
|
FIXED
ASSETS |
486,000 |
948,000 |
2,110,000 |
1,928,000 |
|
---------------- |
---------------- |
---------------- |
---------------- |
|
|
TOTAL
LONG TERM ASSETS |
486,000 |
948,000 |
2,110,000 |
1,928,000 |
|
Stocks |
21,602,000 |
60,694,000 |
62,327,000 |
70,160,000 |
|
Trade
debtors |
190,736,000 |
448,655,000 |
139,063,000 |
204,303,000 |
|
Other
debtors, deposits & prepayments |
- |
- |
955,000 |
921,000 |
|
Short
term loan to financial institutions |
- |
- |
- |
3,922,000 |
|
Amount
due from holding company |
- |
- |
23,779,000 |
- |
|
Amount
due from related companies |
- |
- |
290,891,000 |
175,856,000 |
|
Cash
& bank balances |
4,148,000 |
6,385,000 |
6,893,000 |
1,607,000 |
|
Others |
707,000 |
751,000 |
- |
- |
|
---------------- |
---------------- |
---------------- |
---------------- |
|
|
TOTAL
CURRENT ASSETS |
217,193,000 |
516,485,000 |
523,908,000 |
456,769,000 |
|
---------------- |
---------------- |
---------------- |
---------------- |
|
|
TOTAL
ASSET |
217,679,000 |
517,433,000 |
526,018,000 |
458,697,000 |
|
============= |
============= |
============= |
============= |
|
|
CURRENT
LIABILITIES |
||||
|
Trade
creditors |
184,997,000 |
412,684,000 |
304,385,000 |
247,418,000 |
|
Other
creditors & accruals |
- |
- |
98,316,000 |
91,735,000 |
|
Deposits
from customers |
- |
- |
11,122,000 |
8,316,000 |
|
Provision
for taxation |
1,071,000 |
885,000 |
42,000 |
2,521,000 |
|
Other
liabilities |
- |
1,000 |
19,000 |
17,000 |
|
---------------- |
---------------- |
---------------- |
---------------- |
|
|
TOTAL
CURRENT LIABILITIES |
186,068,000 |
413,570,000 |
413,884,000 |
350,007,000 |
|
---------------- |
---------------- |
---------------- |
---------------- |
|
|
NET
CURRENT ASSETS/(LIABILITIES) |
31,125,000 |
102,915,000 |
110,024,000 |
106,762,000 |
|
---------------- |
---------------- |
---------------- |
---------------- |
|
|
TOTAL
NET ASSETS |
31,611,000 |
103,863,000 |
112,134,000 |
108,690,000 |
|
============= |
============= |
============= |
============= |
|
|
SHARE
CAPITAL |
||||
|
Ordinary
share capital |
5,085,000 |
47,085,000 |
47,085,000 |
47,085,000 |
|
---------------- |
---------------- |
---------------- |
---------------- |
|
|
TOTAL
SHARE CAPITAL |
5,085,000 |
47,085,000 |
47,085,000 |
47,085,000 |
|
Exchange
equalisation/fluctuation reserve |
- |
- |
- |
11,000 |
|
Retained
profit/(loss) carried forward |
18,491,000 |
16,345,000 |
14,261,000 |
11,558,000 |
|
Others |
2,817,000 |
2,866,000 |
2,892,000 |
2,675,000 |
|
---------------- |
---------------- |
---------------- |
---------------- |
|
|
TOTAL
RESERVES |
21,308,000 |
19,211,000 |
17,153,000 |
14,244,000 |
|
---------------- |
---------------- |
---------------- |
---------------- |
|
|
SHAREHOLDERS'
FUNDS/EQUITY |
26,393,000 |
66,296,000 |
64,238,000 |
61,329,000 |
|
Deferred
taxation |
75,000 |
132,000 |
306,000 |
160,000 |
|
Others |
5,143,000 |
37,435,000 |
47,590,000 |
47,201,000 |
|
---------------- |
---------------- |
---------------- |
---------------- |
|
|
TOTAL
LONG TERM LIABILITIES |
5,218,000 |
37,567,000 |
47,896,000 |
47,361,000 |
|
---------------- |
---------------- |
---------------- |
---------------- |
|
|
31,611,000 |
103,863,000 |
112,134,000 |
108,690,000 |
|
|
============= |
============= |
============= |
============= |
|
AGILENT
TECHNOLOGIES SINGAPORE (SALES) PTE. LTD. |
|
TYPES
OF FUNDS |
||||
|
Cash |
4,148,000 |
6,385,000 |
6,893,000 |
1,607,000 |
|
Net
Liquid Funds |
4,148,000 |
6,385,000 |
6,893,000 |
1,607,000 |
|
Net
Liquid Assets |
9,523,000 |
42,221,000 |
47,697,000 |
36,602,000 |
|
Net
Current Assets/(Liabilities) |
31,125,000 |
102,915,000 |
110,024,000 |
106,762,000 |
|
Net
Tangible Assets |
31,611,000 |
103,863,000 |
112,134,000 |
108,690,000 |
|
Net
Monetary Assets |
4,305,000 |
4,654,000 |
(199,000) |
(10,759,000) |
|
PROFIT
& LOSS ITEMS |
||||
|
Earnings
Before Interest & Tax (EBIT) |
2,558,000 |
3,391,000 |
3,596,000 |
3,854,000 |
|
Earnings
Before Interest, Taxes, Depreciation And Amortization (EBITDA) |
3,142,000 |
4,191,000 |
4,450,000 |
4,677,000 |
|
BALANCE
SHEET ITEMS |
||||
|
Total
Borrowings |
0 |
0 |
0 |
0 |
|
Total
Liabilities |
191,286,000 |
451,137,000 |
461,780,000 |
397,368,000 |
|
Total
Assets |
217,679,000 |
517,433,000 |
526,018,000 |
458,697,000 |
|
Net
Assets |
31,611,000 |
103,863,000 |
112,134,000 |
108,690,000 |
|
Net
Assets Backing |
26,393,000 |
66,296,000 |
64,238,000 |
61,329,000 |
|
Shareholders'
Funds |
26,393,000 |
66,296,000 |
64,238,000 |
61,329,000 |
|
Total
Share Capital |
5,085,000 |
47,085,000 |
47,085,000 |
47,085,000 |
|
Total
Reserves |
21,308,000 |
19,211,000 |
17,153,000 |
14,244,000 |
|
LIQUIDITY
(Times) |
||||
|
Cash
Ratio |
0.02 |
0.02 |
0.02 |
0.00 |
|
Liquid
Ratio |
1.05 |
1.10 |
1.12 |
1.10 |
|
Current
Ratio |
1.17 |
1.25 |
1.27 |
1.31 |
|
WORKING
CAPITAL CONTROL (Days) |
||||
|
Stock
Ratio |
12 |
30 |
14 |
16 |
|
Debtors
Ratio |
103 |
225 |
32 |
47 |
|
Creditors
Ratio |
118 |
239 |
80 |
65 |
|
SOLVENCY
RATIOS (Times) |
||||
|
Gearing
Ratio |
0.00 |
0.00 |
0.00 |
0.00 |
|
Liabilities
Ratio |
7.25 |
6.80 |
7.19 |
6.48 |
|
Times
Interest Earned Ratio |
0.00 |
0.00 |
0.00 |
0.00 |
|
Assets
Backing Ratio |
6.22 |
2.21 |
2.38 |
2.31 |
|
PERFORMANCE
RATIO (%) |
||||
|
Operating
Profit Margin |
0.38 |
0.47 |
0.23 |
0.24 |
|
Net
Profit Margin |
4.77 |
0.29 |
0.17 |
0.21 |
|
Return
On Net Assets |
8.09 |
3.26 |
3.21 |
3.55 |
|
Return
On Capital Employed |
8.09 |
3.26 |
3.21 |
3.55 |
|
Return
On Shareholders' Funds/Equity |
122.31 |
3.14 |
4.21 |
5.38 |
|
Dividend
Pay Out Ratio (Times) |
0.93 |
0.00 |
0.00 |
0.00 |
|
NOTES
TO ACCOUNTS |
||||
|
Contingent
Liabilities |
0 |
0 |
0 |
0 |
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.62.16 |
|
|
1 |
Rs.92.73 |
|
Euro |
1 |
Rs.68.23 |
INFORMATION DETAILS
|
Analysis Done by
: |
DIV |
|
|
|
|
Report Prepared
by : |
NIT |
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 |
|
-- |
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.