MIRA INFORM REPORT
|
Report Date : |
27.08.2011 |
IDENTIFICATION DETAILS
|
Name : |
TAN LONG CHEMICAL INDUSTRY JOINT STOCK
COMPANY |
|
|
|
|
Registered Office : |
No. 1, N7A, Nguyen Thi Dinh Str. - Trung Hoa Nhan Chinh Tenement -
Nhan Chinh Ward - Thanh Xuan District - Ha Noi City - Vietnam |
|
|
|
|
Country : |
Vietnam |
|
|
|
|
Financials (as on) : |
30.06.2011 |
|
|
|
|
Date of Incorporation : |
08.03.2010 |
|
|
|
|
Com. Reg. No.: |
0100978593 |
|
|
|
|
Legal Form : |
Joint Stock Company |
|
|
|
|
Line of Business : |
sales and trading
industrial chemical, agriculture products and related products |
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 : |
Usually Correct |
|
|
|
|
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 – March 31st, 2011
|
Country Name |
Previous Rating (31.12.2010) |
Current Rating (31.03.2011) |
|
Vietnam |
b1 |
b1 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
|
Moderate |
B1 |
|
High |
B2 |
|
Very High |
C1 |
|
Restricted |
C2 |
|
Off-credit |
D |
SUBJECT IDENTIFICATION & LEGAL FORM
Current legal status
|
||
|
English Name |
|
TAN LONG CHEMICAL INDUSTRY JOINT STOCK
COMPANY |
|
Vietnamese Name |
|
CONG TY CO PHAN HOA CHAT CONG NGHIEP TAN
LONG |
|
Short name |
|
TAN LONG CHEIN., JSC |
|
Type of Business |
|
Joint stock company |
|
Year Established |
|
2004 |
|
Business Registration No. |
|
0100978593 |
|
Date of Registration |
|
08 Mar 2010 |
|
Place of Registration |
|
Planning and investment department of
Hanoi City |
|
Current registered capital |
|
100,000,000,000 VND |
|
Status |
|
Unlisted |
|
Tax code |
|
0100978593 |
|
Total Employees |
|
80 |
|
Note |
|
The given name (Tan Long…) is not
completed |
Historical Identification & Legal form
|
List |
Changed Items |
Date of changes |
|
1 |
Subject has got former Registered English
Name: TAN LONG VAN COMPANY LIMITED Changed to: TAN LONG CHEMICAL INDUSTRY
JOINT STOCK COMPANY |
08
Dec 2006 |
|
2 |
Subject has got former Registered Vietnamese
Name: CONG TY TNHH TAN LONG VAN Changed to: TAN LONG CHEMICAL INDUSTRY JOINT
STOCK COMPANY |
08
Dec 2006 |
|
3 |
Subject has got former Trade Name: TAN
LONG VAN CO., LTD Changed to: TAN LONG CHEIN., JSC |
08
Dec 2006 |
|
4 |
Subject has got former Type of Business:
Liability Limited Company Changed to: Joint Stock Company |
08
Dec 2006 |
|
5 |
Subject has got former Registered capital:
30,000,000,000 VND Changed to: 45,000,000,000 VND changed to 100,000,000,000
VND |
07
Dec 2010 |
|
6 |
Subject has got former Address: Unit 411 -
18T2 Building - Trung Hoa Tenement - Nhan Chinh Ward - Thanh Xuan District -
Ha Noi City - Vietnam Changed to: No. 1 N7A - Nguyen Thi Thap Str. - Trung Hoa
Nhan Chinh Tenement - Nhan Chinh Ward - Thanh Xuan Dist. - Ha Noi City |
01
Jun 2010 |
|
7 |
Subject has got former Business
Registration No: No. 0103014919 Date of Registration on 08 Dec 2006 Changed
to: Business code No. 0100978593 |
08
Mar 2010 |
company ADDRESSES
|
Head Office |
||
|
Address |
|
No. 1 N7A Nguyen Thi Thap Str. - Trung Hoa
Nhan Chinh Tenement - Nhan Chinh Ward - Thanh Xuan District - Ha Noi City -
Vietnam |
|
Telephone |
|
(84-4) 3555 8476/ 35558572 |
|
Fax |
|
(84-4) 3555 8476 |
|
Notes: Former address:
Unit 411 – 18T2 Building Trung Hoa Tenement – Nhan Chinh Ward – Thanh Xuan
District – Ha Noi City – Vietnam |
||
|
|
||
|
Registration
Address |
||
|
Address |
|
Room 810 - 18T2 Building Trung Hoa Nhan Chinh
Tenement - Nhan Chinh Ward - Thanh Xuan District - Ha Noi City - Vietnam |
|
Occupied Area |
|
120 sqm |
|
Notes: This is also the
private house of Mr. Truong Sy Ba, subject's director. |
||
|
|
||
|
Representative
office in Quang Ninh |
||
|
Address |
|
Mong Cai city - Quang Ninh Province -
Vietnam |
|
|
||
|
Branch in Ho Chi
Minh |
||
|
Address |
|
No. 168 Dien Binh Phu Str. - ward 17 -
Binh Thanh District - Ho Chi Minh City - Vietnam |
|
Telephone |
|
(84-8) 6294 9204 |
|
Fax |
|
(84-8) 6294 9205 |
|
Manager |
|
Mr. TRUONG SY QUANG |
|
Notes: Business code
No. 0100978593-005 Former Address: Room 1012 – Block 1 My Phuoc Apartment –
Ward 2 – Binh Thanh District – Ho Chi Minh City – Vietnam |
||
|
|
||
|
Branch in Hai
Phong |
||
|
Address |
|
18/897 Ton DUc Thang Street - So Dau Ward
- Ngo Quyen District - Hai Phong City - Vietnam |
|
Manager |
|
Mr. LUONG XUAN HAI |
|
|
||
|
Branch in Da
Nang |
||
|
Address |
|
247-249 Ngo Quyen Street - Hai Chau
District - Da Nang City - Vietnam |
|
Telephone |
|
(84-511) 393 5381 |
|
Manager |
|
Mr. HOANG VAN CHIN |
|
|
||
|
Branch in Dong
Thap |
||
|
Address |
|
Ven Song Hau Street - An Ninh Hamlet -
Dinh An Commune - Lap Vo District - Dong Thap Province - Vietnam |
DIRECTORS
|
1.
NAME |
|
Mr.
TRUONG SY BA |
|
Position |
|
Chairman & Director |
|
Date of Birth |
|
20 Oct 1967 |
|
ID Number/Passport |
|
B4230497 |
|
ID Issue Date |
|
16 Jul 2010 |
|
ID Issue Place |
|
Viet Nam Immigration
Department |
|
Resident |
|
Rm 810 - 18T2 Trung
Hoa - Nhan Chinh Urban Area - Nhan Chinh Ward - Thanh Xuan District - Ha Noi
City - Vietnam |
|
Nationality |
|
Vietnamese |
|
Tel/Mobil phone |
|
+84 91 323 3297 |
|
|
||
|
2.
NAME |
|
Mr.
NGUYEN THO ANH |
|
Position |
|
Director |
|
Date of Birth |
|
23 Mar 1982 |
|
ID Number/Passport |
|
B0607410 |
|
Resident |
|
Quarter 7 Co Tiet
Commune - Tam Nong District - Phu Tho Province - Vietnam |
|
Nationality |
|
Vietnamese |
|
|
||
|
3.
NAME |
|
Mr.
TRAN VAN QUE |
|
Position |
|
Deputy Director |
|
Nationality |
|
Vietnamese |
|
Tel/Mobil phone |
|
(84-4) 62811361 |
|
|
||
|
4.
NAME |
|
Ms.
VU THUY MAI |
|
Position |
|
Chief Accountant |
|
Resident |
|
- - Ha Noi City -
Vietnam |
|
Nationality |
|
Vietnamese |
BUSINESS NATURE AND ACTIVITIES
The subject is specializing in sales and trading
industrial chemical, agriculture products and related products.
IMPORT & EXPORT ACTIVITIES
|
IMPORT: |
||
|
·
Types of products |
|
Industrial chemical, agriculture products |
|
·
Market |
|
China, India, Ukraina , Malaysia and USA etc |
|
·
Ratio |
|
N/A |
|
·
Mode of payment |
|
Through its bank, L/C, TT, D/P at sight |
|
|
||
|
EXPORT: |
||
|
·
Types of products |
|
Rice |
|
·
Market |
|
India and a number of Middle East contries (Bangladesh...)
|
|
·
Ratio |
|
N/A |
|
·
Mode of payment |
|
TT, LC |
BANKERS
|
1.
VIETNAM MARITIME STOCK BANK (MARITIME BANK) |
||
|
Address |
|
44 Nguyen Du Str - Hai Ba Trung District - Ha Noi City - Vietnam |
|
Telephone |
|
(84-4) 3945 4496 |
|
Fax |
|
(84-4) 3942 0520 |
|
|
||
|
2.
VIET NAM BANK FOR AGRICULTURE AND RURAL DEVELOPMENT |
||
|
Address |
|
No.2 Lang Ha Street - Ba Dinh District - Ha Noi City - Vietnam |
|
Telephone |
|
(84-4) 37722771 |
|
Fax |
|
(84-4) 37722379 |
SHAREHOLDERS
|
1.
NAME |
|
Mr.
TRUONG SY BA |
|
Position |
|
Chairman & Director |
|
Date of Birth |
|
20 Oct 1967 |
|
ID Number/Passport |
|
B4230497 |
|
Issued on |
|
16 Jul 2010 |
|
Issued Place |
|
Viet Nam Immigration Department |
|
Resident |
|
Rm 810 - 18T2 Trung Hoa - Nhan Chinh Urban
Area - Nhan Chinh Ward - Thanh Xuan District - Ha Noi City - Vietnam |
|
Mobile phone |
|
+84 91 323 3297 |
|
Nationality |
|
Vietnamese |
|
Value of shares |
|
92,000,000,000 VND |
|
Percentage |
|
92% |
|
|
||
|
2.
NAME |
|
Mr.
NGUYEN THO ANH |
|
Position |
|
Director |
|
Date of Birth |
|
23 Mar 1982 |
|
ID Number/Passport |
|
B0607410 |
|
Resident |
|
Quarter 7 Co Tiet Commune - Tam Nong
District - Phu Tho Province - Vietnam |
|
Nationality |
|
Vietnamese |
|
Value of shares |
|
4,000,000,000 VND |
|
Percentage |
|
4% |
FINANCIAL DATA
|
BALANCE
SHEET |
|||
Unit: One VND
|
|||
|
Balance sheet
date |
30/06/2011 |
31/12/2010 |
31/12/2009 |
|
Number of weeks |
- |
52 |
52 |
|
ASSETS |
|||
|
A – CURRENT ASSETS
|
1,211,186,196,959
|
1,246,721,576,010
|
767,816,301,839
|
|
I. Cash and cash
equivalents |
34,234,906,238
|
58,374,209,473
|
90,008,981,284
|
|
1. Cash |
34,234,906,238 |
58,374,209,473 |
90,008,981,284 |
|
2. Cash equivalents |
0 |
0 |
0 |
|
II. Short-term
investments |
21,967,160,000
|
20,347,160,000
|
0 |
|
1. Short-term investments |
21,967,160,000 |
20,347,160,000 |
0 |
|
2. Provisions for devaluation of short-term investments |
0 |
0 |
0 |
|
III. Accounts
receivable |
388,383,130,495
|
514,772,205,881
|
407,268,043,629
|
|
1. Receivable from customers |
265,001,126,020 |
345,274,925,885 |
384,859,307,688 |
|
2. Prepayments to suppliers |
101,897,143,906 |
162,646,620,056 |
19,890,385,348 |
|
3. Inter-company receivable |
0 |
|
0 |
|
4. Receivable according to the progress of construction |
0 |
|
0 |
|
5. Other receivable |
21,484,860,569 |
6,850,659,940 |
2,518,350,593 |
|
6. Provisions for bad debts |
0 |
|
0 |
|
IV. Inventories |
734,277,106,837
|
649,018,801,457
|
270,539,276,926
|
|
1. Inventories |
734,277,106,837 |
649,018,801,457 |
270,539,276,926 |
|
2. Provisions for devaluation of inventories |
0 |
0 |
0 |
|
V. Other Current
Assets |
32,323,893,389
|
4,209,199,199
|
0 |
|
1. Short-term prepaid expenses |
0 |
85,590,466 |
0 |
|
2. VAT to be deducted |
8,450,517,294 |
0 |
0 |
|
3. Taxes and other accounts receivable from the State |
0 |
3,271,840,096 |
0 |
|
4. Other current assets |
23,873,376,095 |
851,768,637 |
0 |
|
B. LONG-TERM
ASSETS |
134,871,263,991
|
62,738,247,847
|
26,044,804,087
|
|
I. Long term
account receivable |
0 |
0 |
0 |
|
1. Long term account receivable from customers |
|
|
0 |
|
2. Working capital in affiliates |
|
|
0 |
|
3. Long-term inter-company receivable |
|
|
0 |
|
4. Other long-term receivable |
|
|
0 |
|
5. Provisions for bad debts from customers |
|
|
0 |
|
II. Fixed assets
|
92,840,101,477
|
20,707,085,333
|
5,005,335,862
|
|
1. Tangible assets |
6,203,098,511 |
5,310,616,352 |
5,005,335,862 |
|
- Historical costs |
8,583,210,999 |
7,576,120,090 |
6,737,513,561 |
|
- Accumulated depreciation |
-2,380,112,488 |
-2,265,503,738 |
-1,732,177,699 |
|
2. Financial leasehold assets |
0 |
0 |
0 |
|
- Historical costs |
|
|
0 |
|
- Accumulated depreciation |
|
|
0 |
|
3. Intangible assets |
0 |
0 |
0 |
|
- Initial costs |
|
|
0 |
|
- Accumulated amortization |
|
|
0 |
|
4. Construction-in-progress |
86,637,002,966 |
15,396,468,981 |
0 |
|
III. Investment
property |
|
0 |
0 |
|
Historical costs |
|
|
0 |
|
Accumulated depreciation |
|
|
0 |
|
IV. Long-term
investments |
40,149,464,225
|
40,149,464,225
|
21,039,468,225
|
|
1. Investments in affiliates |
9,499,996,000 |
9,499,996,000 |
19,883,820,000 |
|
2. Investments in business concerns and joint ventures |
11,461,648,225 |
11,461,648,225 |
1,155,648,225 |
|
3. Other long-term investments |
19,187,820,000 |
19,187,820,000 |
0 |
|
4. Provisions for devaluation of long-term investments |
|
0 |
0 |
|
V. Other
long-term assets |
1,881,698,289
|
1,881,698,289
|
0 |
|
1. Long-term prepaid expenses |
1,881,698,289 |
1,881,698,289 |
0 |
|
2. Deferred income tax assets |
0 |
0 |
0 |
|
3. Other long-term assets |
0 |
0 |
0 |
|
VI. Goodwill |
0 |
0 |
|
|
1. Goodwill |
0 |
0 |
|
|
TOTAL ASSETS |
1,346,057,460,950
|
1,309,459,823,857
|
793,861,105,926
|
|
|
|||
|
LIABILITIES |
|||
|
A- LIABILITIES |
1,101,279,559,985
|
1,150,860,444,196
|
683,895,741,903
|
|
I. Current
liabilities |
1,099,610,559,985
|
1,148,851,444,196
|
683,895,741,903
|
|
1. Short-term debts and loans |
876,077,351,621 |
994,869,007,051 |
486,898,760,270 |
|
2. Payable to suppliers |
130,726,706,317 |
83,444,873,840 |
154,225,062,914 |
|
3. Advances from customers |
43,333,688,953 |
45,351,806,697 |
25,791,396,038 |
|
4. Taxes and other obligations to the State Budget |
16,567,052,459 |
22,077,231,365 |
8,079,137,781 |
|
5. Payable to employees |
0 |
0 |
0 |
|
6. Accrued expenses |
0 |
0 |
0 |
|
7. Inter-company payable |
21,484,860,589 |
0 |
2,903,512,314 |
|
8. Payable according to the progress of construction contracts |
0 |
0 |
0 |
|
9. Other payable |
11,420,900,046 |
3,108,525,243 |
5,997,872,586 |
|
10. Provisions for short-term accounts payable |
0 |
0 |
0 |
|
II. Long-Term
Liabilities |
1,669,000,000
|
2,009,000,000
|
0 |
|
1. Long-term accounts payable to suppliers |
|
|
0 |
|
2. Long-term inter-company payable |
|
0 |
0 |
|
3. Other long-term payable |
|
0 |
0 |
|
4. Long-term debts and loans |
1,669,000,000 |
2,009,000,000 |
0 |
|
5. Deferred income tax payable |
|
0 |
0 |
|
6. Provisions for unemployment allowances |
|
0 |
0 |
|
7. Provisions for long-term accounts payable |
|
0 |
0 |
|
B- OWNER’S
EQUITY |
244,777,900,965
|
158,599,379,661
|
109,965,364,023
|
|
I. OWNER’S
EQUITY |
244,777,900,965
|
158,599,379,661
|
109,965,364,023
|
|
1. Capital |
100,000,000,000 |
46,352,500,000 |
46,352,500,000 |
|
2. Share premiums |
|
|
0 |
|
3. Other sources of capital |
|
|
0 |
|
4. Treasury stocks |
|
|
0 |
|
5. Differences on asset revaluation |
|
|
0 |
|
6. Foreign exchange differences |
|
|
0 |
|
7. Business promotion fund |
|
|
0 |
|
8. Financial reserved fund |
|
|
0 |
|
9. Other funds |
|
|
0 |
|
10. Retained earnings |
144,777,900,965 |
112,246,879,661 |
63,612,864,023 |
|
11. Construction investment fund |
|
|
0 |
|
II. Other
sources and funds |
|
|
0 |
|
1. Bonus and welfare funds |
|
|
0 |
|
2. Sources of expenditure |
|
|
0 |
|
3. Fund to form fixed assets |
|
|
0 |
|
MINORITY’S
INTEREST |
|
|
0 |
|
TOTAL
LIABILITIES AND OWNER’S EQUITY |
1,346,057,460,950
|
1,309,459,823,857
|
793,861,105,926
|
|
PROFIT
& LOSS STATEMENT |
|||
|
|
|||
|
Description |
Six month earlier FY2011 |
FY2010 |
FY2009 |
|
1. Total Sale |
1,706,697,252,665
|
3,294,619,959,975
|
2,257,598,824,872
|
|
2. Deduction item |
20,063,780 |
|
0 |
|
3. Net sale |
1,706,677,188,885
|
3,294,619,959,975
|
2,257,598,824,872
|
|
4. Costs of goods sold |
1,544,828,333,373 |
3,010,058,372,616 |
2,010,816,560,354 |
|
5. Gross profit |
161,848,855,512
|
284,561,587,359
|
246,782,264,518
|
|
6. Financial income |
5,945,224,899 |
28,316,223,425 |
325,233,035 |
|
7. Financial expenses |
65,103,650,242 |
112,151,547,957 |
32,034,666,181 |
|
- In which: Loan interest expenses |
50,431,928,538 |
65,095,783,322 |
0 |
|
8. Selling expenses |
65,160,935,072 |
125,794,395,517 |
132,564,313,935 |
|
9. Administrative overheads |
4,234,266,106 |
8,173,987,959 |
19,516,639,562 |
|
10. Net operating profit |
33,295,228,991
|
66,757,879,351
|
62,991,877,875
|
|
11. Other income |
10,079,466,080 |
8,734,127,182 |
0 |
|
12. Other expenses |
0 |
7,267,834,645 |
4,412,855,724 |
|
13. Other profit /(loss) |
10,079,466,080
|
1,466,292,537
|
-4,412,855,724
|
|
14. Total accounting profit before tax |
43,374,695,071
|
68,224,171,888
|
58,579,022,151
|
|
15. Current corporate income tax |
|
14,177,159,324 |
371,555,206 |
|
16. Deferred corporate income tax |
|
0 |
0 |
|
17. Interest from subsidiaries/related companies |
|
0 |
|
|
18. Profit after tax |
32,531,021,304
|
54,047,012,564
|
58,207,466,945
|
|
FINANCIAL RATIOS
AND AVERAGE INDUSTRY RATIOS |
||||
|
|
||||
|
Description |
Six months
earlier 2011 |
FY2010 |
FY2009 |
Average
Industry |
|
Current liquidity ratio |
1.10 |
1.09 |
1.12 |
1.45 |
|
Quick liquidity ratio |
0.43 |
0.52 |
0.73 |
0.87 |
|
Inventory circle |
2.23 |
4.64 |
7.43 |
7.48 |
|
Average receive period |
83.06 |
57.03 |
65.85 |
64.15 |
|
Utilizing asset performance |
1.27 |
2.52 |
2.84 |
2.38 |
|
Liability by total asset |
81.82 |
87.89 |
86.15 |
69.14 |
|
Liability by owner equity |
449.91 |
725.64 |
621.92 |
281.46 |
|
Ebit / Total asset (ROA) |
6.97 |
10.18 |
7.38 |
10.33 |
|
Ebit / Owner's equity (ROE) |
38.32 |
84.06 |
53.27 |
35.61 |
|
Ebit / Total sale (NPM) |
5.50 |
4.05 |
2.59 |
4.71 |
|
Gross profit / Total sale (GPM) |
9.48 |
8.64 |
10.93 |
15.43 |
|
Note: The Average Industry was calculated by Vietnam Credit
based on our owned statistical data |
||||
PAYMENT HISTORY & PERFORMANCE
EXPERIENCES
|
Trade Morality |
|
Fair |
|
Liquidity |
|
Medium |
|
Payment status |
|
Average |
|
Financial Situation |
|
Above average |
|
Development trend |
|
Positive |
|
Litigation data |
|
No Record |
|
Bankruptcy |
|
No Record |
|
Payment Methods |
|
Through its bank, L/C, TT, D/P at sight |
|
Sale Methods |
|
Retailer and Wholesaler |
|
Public opinion |
|
Well-known |
INTERPRETATION ON THE SCORES
|
The
subject was established in 2004 with the name TAN LONG VAN LIMITED COMPANY. In
December 2006, it was changed into Joint Stock Company with the name TAN LONG
CHEMICAL INDUSTRY JOINT STOCK COMPANY (Tan Long Chein., JSC) under the
business registration no. 0103014919. In March 2010, the subject changed into
business code No. 0100978593 with registered capital is VND 45 billion. At
present, its registered capital was increased to VND 100 billion. The subject
is specializing in sales and trading industrial chemical, agriculture
products and related products. The
subject is registered located at Unit 810 - 18T2 Building Trung Hoa Nhan
Chinh Tenement - Nhan Chinh Ward - Thanh Xuan District - Ha Noi City -
Vietnam. However, most of transactions are made in No. 1 N7A Nguyen Thi Thap
Street - Trung Hoa Nhan Chinh Tenement - Nhan Chinh Ward - Thanh Xuan
District - Ha Noi City. Currently, the subject has head office located Hanoi
City, representative in Quang Ninh and four branches located at big Cities as
Hai Phong, Da Nang, Dong Thap and Hochiminh. In there, Hochiminh is the best
business operation branch; it directly imports goods from India, USA market
and distributing for South area. Beside, this branch is planning export some
agriculture products (rice) to Middle East countries such as Bangladesh etc.
Its management capability is acceptable. It prospect of operation seem
stable. It is trying its best to compete and develop well in the industry. The
financial status of the subject is fair. In 2010 total assets and total sales
all increased, total assets increased 65%, total sales increased 46%. It
showed us that the subject was developing quickly, however total liabilities
raised 68.3%, its mean the subject was using more debt in total capital
sources, and it is risk in current economy in Vietnam, but if good management
the subject will increase ROE(return on equity). Total sales raised 46% but
profit after tax was nearly unchanged (in comparison with 2009) when costs of
production all increased. The current liquidity ratio in 2010 indicated that
payment ability of subject is fairly positive but was still under industrial
ratio, it needs more improvement. In the
six month earlier 2011 the operation of the subject was fair when total
assets was equal with the number at the beginning of year and total sales and
profit after tax reached target. If favorable condition, the subject will
develop at the end of year. In
general the subject is medium scale company with many experiences in chemical
field. The trade mark is really good and financial situation is positive. It
has capacity to meet all small business commitments. |
APPENDIXES
|
INDUSTRY
DATA |
||||||
|
|
||||||
|
Industry
code |
Growth speed (%) |
Total employees
2009 (Thousand) |
Total
enterprises |
Annual average
capital of enterprises |
||
|
Predict 2010 |
2009 |
|||||
|
Agriculture, Forestry
and Fishing |
2.8 |
3.0 |
24,788.5 |
2,399 |
50,530 |
|
|
Trade and
Services |
7.5 |
11 |
10,517.9 |
79,181 |
1,754,973 |
|
|
Construction |
7 |
11.3 |
2,692.8 |
17,783 |
248,268 |
|
|
Manufacturing |
12 |
7.6 |
7,591.2 |
30,786 |
967,068 |
|
|
|
||||||
|
ECONOMIC
INDICATORS |
||||||
|
|
||||||
|
|
2010 |
2009 |
2008 |
|||
|
Population (Million person) |
86.93 |
86.02 |
86.1 |
|||
|
Gross Domestic Products (US$
billion) |
102.2 |
91 |
84.9 |
|||
|
GDP Growth (%) |
6.78 |
5.32 |
6.2 |
|||
|
GDP Per Capita (US$) |
1,160 |
1,080 |
1,040 |
|||
|
Inflation (% Change in
Composite CPI) |
11.75 |
6.88 |
24.4 |
|||
|
|
||||||
|
SERVICE
TRADE PERFORMANCE |
||||||
|
|
||||||
|
Billion USD |
2010 |
2009 |
2008 |
|||
|
Exports |
71.6 |
56.6 |
62.9 |
|||
|
Imports |
84 |
68.8 |
76.6 |
|||
|
Trade Balance |
-12.4 |
-12.2 |
-14.6 |
|||
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.46.05 |
|
UK Pound |
1 |
Rs.75.20 |
|
Euro |
1 |
Rs.66.48 |
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.