|
Report No. : |
320073 |
|
Report Date : |
29.04.2015 |
IDENTIFICATION DETAILS
|
Name : |
BECTON DICKINSON HOLDINGS PTE. LTD. |
|
|
|
|
Registered Office : |
10, Collyer Quay, 10-01, Ocean Financial Centre, 049315 |
|
|
|
|
Country : |
Singapore |
|
|
|
|
Financials (as on) : |
30.09.2013 |
|
|
|
|
Date of Incorporation : |
14.06.2011 |
|
|
|
|
Com. Reg. No.: |
201114149-N |
|
|
|
|
Legal Form : |
Private Limited Company |
|
|
|
|
Line of Business : |
· Engaged as an investment holding and trading of medical products. ·
Engaged in
improving drug therapy, enhancing the quality and speed of diagnosing
infectious diseases, and advancing research as well as discovery of new drugs
and vaccines. |
|
|
|
|
No of Employees : |
189 [2015] |
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 |
|
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 |
: |
INVESTMENT HOLDING AND TRADING OF MEDICAL
PRODUCTS |
|
ISSUED AND PAID UP CAPITAL |
: |
1,902,930,861.00 ORDINARY SHARE, OF A
VALUE OF SGD 1,917,324,789.00 |
|
SALES |
: |
SGD 934,522,163 [2013] |
|
NET WORTH |
: |
SGD 1,894,399,334 [2013] |
|
STAFF STRENGTH |
: |
189 [2015] |
|
LITIGATION |
: |
CLEAR |
|
FINANCIAL CONDITION |
: |
FAIR |
|
PAYMENT |
: |
No
Complaints |
|
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) investment holding and trading of medical products.
The immediate holding company of the Subject is BECTON DICKINSON ASIA HOLDINGS LIMITED, a company incorporated in GIBRALTAR.
Share Capital History
|
Date |
Issue & Paid Up Capital |
|
20/03/2015 |
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's
interest in other companies (Subsidiaries/Associates) are shown as follow :
Local No |
Country |
Company |
(%) |
As At |
|
198602285W |
SINGAPORE |
BECTON DICKINSON MEDICAL PRODUCTS PTE LTD |
100.00 |
19/03/2015 |
DIRECTOR 1
|
Name Of Subject |
: |
BHUPINDER PAL SINGH |
|
Address |
: |
9, TANJONG RHU ROAD, 04-03, WATERSIDE, THE, 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 |
: |
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 |
: |
N/A |
|
Auditor |
: |
ERNST AND YOUNG LLP |
|
Auditor' Address |
: |
N/A |
|
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, ST. 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 |
[ |
] |
Good 31-60 Days |
[ |
X |
] |
Average 61-90 Days |
[ |
] |
|||||
|
Fair 91-120 Days |
[ |
] |
Poor >120 Days |
[ |
] |
|||||||||
|
Local |
: |
YES |
|||
|
Domestic Markets |
: |
SINGAPORE |
|||
|
Overseas |
: |
YES |
|||
|
Export Market |
: |
ASIA |
|||
|
Credit Term |
: |
N/A |
|||
|
Payment Mode |
: |
CHEQUES |
|||
|
Goods Traded |
: |
MEDICAL PRODUCTS |
|
|
Services |
: |
INVESTMENT HOLDING |
|
|
Total Number of Employees: |
|||||||||
|
YEAR |
2015 |
2014 |
|||||||
|
|
|||||||||
|
GROUP |
N/A |
N/A |
|||||||
|
COMPANY |
189 |
189 |
|||||||
|
Branch |
: |
NO |
Other Information:
The Subject is principally engaged in the (as a / as an)
investment holding and trading of medical products.
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 as well as 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 |
||||||
|
Turnover |
: |
Increased |
[ |
122.47% |
] |
|
|
Profit/(Loss) Before Tax |
: |
Increased |
[ |
584.29% |
] |
|
|
Return on Shareholder Funds |
: |
Unfavourable |
[ |
7.08% |
] |
|
|
Return on Net Assets |
: |
Unfavourable |
[ |
7.38% |
] |
|
|
The increase in turnover could be due to
the Subject adopting an aggressive marketing strategy. The higher profit
could be attributed to the increase in turnover. 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 |
[ |
18 Days |
] |
|
|
Debtor Ratio |
: |
Favourable |
[ |
25 Days |
] |
|
|
Creditors Ratio |
: |
Favourable |
[ |
2 Days |
] |
|
|
The Subject's stocks were moving fast thus reducing its holding cost.
This had reduced funds being tied up in stocks. The favourable debtors' days
could be due to the good credit control measures implemented by the Subject. 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 |
[ |
1.00 Times |
] |
|
|
Current Ratio |
: |
Unfavourable |
[ |
1.19 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 |
[ |
1,919.83 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 : |
||||||
|
Generally, the Subject's performance has improved with higher 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. 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 : FAIR |
||||||
|
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 : |
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 |
|
|
Incorporated in 2011, the Subject is a
Private Limited company, focusing on investment holding and trading of medical
products. 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. 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 is a
large entity with strong capital position of SGD 1,917,324,789. 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. We found that, 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. The
Subject is a fairly large and rapidly growing company with over 189 staff in
its operations 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.
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 1,894,399,334, 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. Overall, the Subject's payment habit is
good as the Subject has a good credit control and it could be taking
advantage of the cash discounts while maintaining a good reputation with its
creditors. 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 |
2013-09-30 |
2012-09-30 |
|
Months |
12 |
16 |
|
Consolidated Account |
Company |
Company |
|
Audited Account |
YES |
YES |
|
Unqualified Auditor's Report (Clean
Opinion) |
YES |
YES |
|
Financial Type |
FULL |
FULL |
|
Currency |
SGD |
SGD |
|
TURNOVER |
934,522,163 |
420,062,179 |
|
Other Income |
118,515,662 |
42,065,932 |
|
---------------- |
---------------- |
|
|
Total Turnover |
1,053,037,825 |
462,128,111 |
|
Costs of Goods Sold |
(710,388,250) |
(317,438,675) |
|
---------------- |
---------------- |
|
|
Gross Profit |
342,649,575 |
144,689,436 |
|
---------------- |
---------------- |
|
|
PROFIT/(LOSS) FROM OPERATIONS |
139,778,971 |
20,426,971 |
|
---------------- |
---------------- |
|
|
PROFIT/(LOSS) BEFORE TAXATION |
139,778,971 |
20,426,971 |
|
Taxation |
(5,948,961) |
(3,637,200) |
|
---------------- |
---------------- |
|
|
PROFIT/(LOSS) AFTER TAXATION |
133,830,010 |
16,789,771 |
|
Pre-acquisition profit/(loss) |
244,240 |
(21,663) |
|
---------------- |
---------------- |
|
|
PROFIT/(LOSS) BEFORE EXTRAORDINARY ITEMS |
134,074,250 |
16,768,108 |
|
---------------- |
---------------- |
|
|
PROFIT/(LOSS) ATTRIBUTABLE TO SHAREHOLDERS |
134,074,250 |
16,768,108 |
|
RETAINED PROFIT/(LOSS)
BROUGHT FORWARD |
||
|
As previously reported |
16,789,771 |
- |
|
---------------- |
---------------- |
|
|
As restated |
16,789,771 |
- |
|
---------------- |
---------------- |
|
|
PROFIT AVAILABLE FOR APPROPRIATIONS |
150,864,021 |
16,768,108 |
|
TRANSFER TO RESERVES - General |
(244,240) |
21,663 |
|
DIVIDENDS - Ordinary (paid & proposed) |
(136,000,000) |
- |
|
---------------- |
---------------- |
|
|
RETAINED PROFIT/(LOSS) CARRIED FORWARD |
14,619,781 |
16,789,771 |
|
============= |
============= |
|
|
INTEREST EXPENSE
(as per notes to P&L) |
||
|
Others |
72,846 |
108,151 |
|
---------------- |
---------------- |
|
|
72,846 |
108,151 |
|
|
============= |
============= |
|
BECTON DICKINSON
HOLDINGS PTE. LTD. |
|
ASSETS EMPLOYED: |
||
|
FIXED ASSETS |
17,006,962 |
14,197,851 |
|
LONG TERM
INVESTMENTS/OTHER ASSETS |
||
|
Subsidiary companies |
1,830,705,893 |
1,830,705,893 |
|
---------------- |
---------------- |
|
|
TOTAL LONG TERM INVESTMENTS/OTHER ASSETS |
1,830,705,893 |
1,830,705,893 |
|
INTANGIBLE
ASSETS |
||
|
Deferred/Expenditure carried forward |
32,900 |
32,900 |
|
---------------- |
---------------- |
|
|
TOTAL INTANGIBLE ASSETS |
32,900 |
32,900 |
|
---------------- |
---------------- |
|
|
TOTAL LONG TERM ASSETS |
1,847,745,755 |
1,844,936,644 |
|
Stocks |
46,567,640 |
45,394,704 |
|
Trade debtors |
64,170,800 |
67,543,563 |
|
Other debtors, deposits & prepayments |
1,114,956 |
1,622,205 |
|
Amount due from holding company |
666,158 |
617,403 |
|
Amount due from subsidiary companies |
105,857,815 |
48,968,923 |
|
Amount due from related companies |
45,647,143 |
25,244,450 |
|
Cash & bank balances |
33,117,947 |
28,806,058 |
|
---------------- |
---------------- |
|
|
TOTAL CURRENT ASSETS |
297,142,459 |
218,197,306 |
|
---------------- |
---------------- |
|
|
TOTAL ASSET |
2,144,888,214 |
2,063,133,950 |
|
============= |
============= |
|
|
CURRENT
LIABILITIES |
||
|
Trade creditors |
3,239,104 |
3,537,172 |
|
Other creditors & accruals |
41,153,910 |
32,127,515 |
|
Amounts owing to holding company |
34,951,712 |
29,725,408 |
|
Amounts owing to subsidiary companies |
77,053,046 |
13,244,936 |
|
Amounts owing to related companies |
91,344,689 |
87,952,523 |
|
Provision for taxation |
2,746,419 |
221,312 |
|
---------------- |
---------------- |
|
|
TOTAL CURRENT LIABILITIES |
250,488,880 |
166,808,866 |
|
---------------- |
---------------- |
|
|
NET CURRENT ASSETS/(LIABILITIES) |
46,653,579 |
51,388,440 |
|
---------------- |
---------------- |
|
|
TOTAL NET ASSETS |
1,894,399,334 |
1,896,325,084 |
|
============= |
============= |
|
|
SHARE CAPITAL |
||
|
Ordinary share capital |
1,917,324,789 |
1,917,324,789 |
|
---------------- |
---------------- |
|
|
TOTAL SHARE CAPITAL |
1,917,324,789 |
1,917,324,789 |
|
Exchange equalisation/fluctuation reserve |
222,577 |
(21,663) |
|
Retained profit/(loss) carried forward |
14,619,781 |
16,789,771 |
|
Others |
(37,767,813) |
(37,767,813) |
|
---------------- |
---------------- |
|
|
TOTAL RESERVES |
(22,925,455) |
(20,999,705) |
|
---------------- |
---------------- |
|
|
SHAREHOLDERS' FUNDS/EQUITY |
1,894,399,334 |
1,896,325,084 |
|
---------------- |
---------------- |
|
|
1,894,399,334 |
1,896,325,084 |
|
|
============= |
============= |
|
|
BECTON DICKINSON
HOLDINGS PTE. LTD. |
|
TYPES OF FUNDS |
||
|
Cash |
33,117,947 |
28,806,058 |
|
Net Liquid Funds |
33,117,947 |
28,806,058 |
|
Net Liquid Assets |
85,939 |
5,993,736 |
|
Net Current Assets/(Liabilities) |
46,653,579 |
51,388,440 |
|
Net Tangible Assets |
1,894,366,434 |
1,896,292,184 |
|
Net Monetary Assets |
85,939 |
5,993,736 |
|
BALANCE SHEET
ITEMS |
||
|
Total Borrowings |
0 |
0 |
|
Total Liabilities |
250,488,880 |
166,808,866 |
|
Total Assets |
2,144,888,214 |
2,063,133,950 |
|
Net Assets |
1,894,399,334 |
1,896,325,084 |
|
Net Assets Backing |
1,894,399,334 |
1,896,325,084 |
|
Shareholders' Funds |
1,894,399,334 |
1,896,325,084 |
|
Total Share Capital |
1,917,324,789 |
1,917,324,789 |
|
Total Reserves |
(22,925,455) |
(20,999,705) |
|
LIQUIDITY
(Times) |
||
|
Cash Ratio |
0.13 |
0.17 |
|
Liquid Ratio |
1.00 |
1.04 |
|
Current Ratio |
1.19 |
1.31 |
|
WORKING CAPITAL
CONTROL (Days) |
||
|
Stock Ratio |
18 |
39 |
|
Debtors Ratio |
25 |
59 |
|
Creditors Ratio |
2 |
4 |
|
SOLVENCY RATIOS
(Times) |
||
|
Gearing Ratio |
0.00 |
0.00 |
|
Liabilities Ratio |
0.13 |
0.09 |
|
Times Interest Earned Ratio |
1,919.83 |
189.87 |
|
Assets Backing Ratio |
0.99 |
0.99 |
|
PERFORMANCE
RATIO (%) |
||
|
Operating Profit Margin |
14.96 |
4.86 |
|
Net Profit Margin |
14.35 |
3.99 |
|
Return On Net Assets |
7.38 |
1.08 |
|
Return On Capital Employed |
7.38 |
1.08 |
|
Return On Shareholders' Funds/Equity |
7.08 |
0.88 |
|
Dividend Pay Out Ratio (Times) |
1.01 |
0.00 |
|
NOTES TO
ACCOUNTS |
||
|
Contingent Liabilities |
0 |
0 |
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.63.33 |
|
UK Pound |
1 |
Rs.96.51 |
|
Euro |
1 |
Rs.68.92 |
INFORMATION DETAILS
|
Analysis Done by
: |
RAS |
|
|
|
|
Report Prepared
by : |
DPT |
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.