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Precision Capital Pte. Ltd. Mar 12 Product Image

Precision Capital Pte. Ltd. Mar 12

  • Published: March 2012
  • Standard & Poors

Abstract
High debt leverage Susceptible to HDD industry risks High customer and product concentration Established global market position Steady free cash flows Large scale of operations and economies of scale The rating on Precision Capital Pte. Ltd. (PCPL) reflects the credit profile of MMI Technologies group (MMI), which has an aggressive financial profile characterized by high debt leverage, and high customer and product concentration in a niche industry. PCPL is wholly owned by Singapore-based MMI Technologies Pte. Ltd., which is a major manufacturer of hard disk drives (HDD) components globally. MMI's established market position globally, steady free cash flows, and large-scale operations temper the above weaknesses. For the four months ended October 2011, about 75% of the group's sales were from...

Companies mentioned in this report are: Precision Capital Pte. Ltd.
Action: Review

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Precision Capital Pte. Ltd.

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