MIRA INFORM
REPORT
|
Report Date : |
06.01.2011 |
IDENTIFICATION DETAILS
|
Name : |
BERLI
JUCKER PUBLIC COMPANY
LIMITED [BJC] |
|
|
|
|
Registered Office : |
99 Soi Rubia, |
|
|
|
|
Country : |
|
|
|
|
|
Financials (as on) : |
31.12.2009 |
|
|
|
|
Date of Incorporation : |
14.11.1965 |
|
|
|
|
Com. Reg. No.: |
0107536000226 |
|
|
|
|
Legal Form : |
Public
Limited Company |
|
|
|
|
Line of Business : |
Trading Company |
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 – June 30, 2010
|
Country Name |
Previous Rating (01.04.2010) |
Current Rating (30.06.2010) |
|
|
b1 |
b1 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
|
Moderate |
B1 |
|
High |
B2 |
|
Very High |
C1 |
|
Restricted |
C2 |
|
Off-credit |
D |
Company name
BERLI
JUCKER PUBLIC COMPANY
LIMITED [BJC]
SUMMARY
BUSINESS
ADDRESS : BERLI
JUCKER HOUSE,
99 SOI RUBIA,
KLONGTOEY,
TELEPHONE : [66]
2367-1111, 2381-4520-39
FAX :
[66] 2367-1000,
2381-4545
REGISTRATION
ADDRESS : SAME
AS BUSINESS ADDRESS
ESTABLISHED : 1965
REGISTRATION
NO. : 0107536000226 [Former : BOR MOR JOR. 96]
CAPITAL
REGISTERED : BHT. 1,588,125,000
CAPITAL
PAID-UP : BHT. 1,588,125,000
FISCAL
YEAR CLOSING DATE : DECEMBER 31
LEGAL
STATUS : PUBLIC LIMITED
COMPANY
EXECUTIVE : MR. ASWIN TECHAJAROENVIKUL, THAI
PRESIDENT
NO.
OF STAFF : 5,743
LINES
OF BUSINESS : TRADING
COMPANY
CORPORATE PROFILE
OPERATING
TREND : STABLE
PRESENT
SITUATION : OPERATING
NORMALLY
REPUTATION : GOOD
FOR
MANAGEMENT
STANDARD : MANAGEMENT
WITH GOOD PERFORMANCE
HISTORY
Berli Jucker was
initially found in
Thailand as a
partnership between two
Swiss families in
1882. Later on
November 14, 1965,
it was formed
as a private
limited company under
the name style
BERLI JUCKER COMPANY
LIMITED to engage
in exporting, importing
and distributing cosmetics,
confectionery, canned food
products, glass container, photographic,
industrial chemicals and
etc., for local
and overseas markets.
On April 25,
1975, the subject
was listed on
the Stock Exchange
of Thailand. On
April 2, 1993,
its status was
converted into a
public limited company
under the name
BERLI JUCKER PUBLIC
COMPANY LIMITED. Subject
currently employs 5,743
staff.
The
subject’s registered address
is Berli Jucker
House, 99 Soi
Rubia, Sukhumvit Rd., Phrakanong, Klongtoey, Bangkok
10110, and this
is the company’s
current operation address.
THE BOARD OF DIRECTORS
|
Name |
Position |
Nationality |
Age |
|
|
|
|
|
Mr. Charoen
Sirivadhanabhakdi
|
: Chairman |
Thai |
66 |
|
Khunying Wanna
Sirivadhanabhakdi |
: Vice Chairman |
Thai |
67 |
|
Mr. Prasit Kovilaikul |
: [x] |
Thai |
67 |
|
Dr. Chaiyut Pilun-Owad |
|
Thai |
61 |
|
Mr. Sithichai Chaikriangkrai |
|
Thai |
56 |
|
Mr. Thapana Sirivadhanabhakdi |
|
Thai |
35 |
|
Ms. Thapanee Sirivadhanabhakdi |
|
Thai |
34 |
|
Mr. Staporn Kavitanon |
: [x] |
Thai |
70 |
|
Mr. Weerawong Chittmittrapap |
: [x] |
Thai |
52 |
|
Mr. Thirasakdi Nathikanchanalab |
|
Thai |
64 |
|
Mr. Panot Sirivadhanabhakdi |
|
Thai |
33 |
|
Mr. Aswin Techajaroenvikul |
|
Thai |
34 |
|
Mr. Prasert Mekwatana |
|
Thai |
64 |
|
Mr. Suvit Mesintree |
: [x] |
Thai |
49 |
|
Ms. Potjanee Thanavaranit |
: [x] |
Thai |
64 |
AUTHORIZED PERSON
Any two of
the above directors,
except the mentioned
directors [x] can
jointly sign on behalf
of the subject
with the company’s
affixed.
MANAGEMENT
Mr. Aswin Techajaroenvikul is
the President.
He is Thai
nationality with the
age of 34
years old.
He graduated with
a Master’s Degree
in Business Administration [MBA]
from Columbia University,
New York, U.S.A.
Mr. Peter E.
Romhild is the
Senior Executive Vice
President - Technical
Supply Chain & International Business
Group.
Mrs. Thapanee Techajaroenvikul is
the Senior Executive
Vice President.
She is Thai
nationality.
Mr. Pattaphong Lamsuro is
the Executive Vice
President - Consumer
Supply Chain. He
is Thai nationality.
Mr. Teerapon Kietsuranon is
the Executive Vice President -
Healthcare Supply Chain.
He is Thai
nationality.
Mr. Somporn Bhumiwal is the
Senior Vice President
- Packaging Products
Division.
He is Thai
nationality.
Mr. Teera Werathamsathit is
the Senior Vice President –
Group Human Resources.
He is Thai nationality.
BUSINESS OPERATIONS
The subject’s activity is a
trading company operated on its own behalf and
for international principals,
one of the
leading marketing, sales
and distribution systems
in Thailand. The
subject has its
own divisions which
are engaged in
the marketing and
distributing of glass
container, confectionery, wines,
snack foods, skin
lotions, talcum powder, lip
gloss, pharmaceuticals, general
hospital supplies, stationeries,
office supplies, photographic
and etc.
Presently, The BJC group
has five core
businesses groups and
operate through the
subsidiary companies as
followings:
1. Industrial Supply
Chain Group:
The group
is operated by
- BJC
Packaging products division
of Berli Jucker
Public Company Limited.
- Thai
Glass Industries Public
Company Limited.
- Thai
Beverage Can Ltd.
- Berli
Dynaplast Co., Ltd.
- BJC
Engineering Division of
Berli Jucker Public
Company Limited.
- Thai-Scandic
Steel Co., Ltd.
2. Consumer Supply
Chain Group:
The group
is operated by
- Berli
Jucker Public Company
Limited.
- Berli
Jucker Cellox Ltd.
- Rubia
Industries Ltd.
-
Berli Jucker Foods
Ltd.
- Berli
Jucker Logistics Limited.
3. Healthcare Supply
Chain Group:
The group
is operated by
3 divisions; Medical
Product, Medical Imaging
and
Medical equipment
division of Berli
Jucker Public Company
Limited.
4. Technical Supply Chain
Group:
The group
is operated by
3 divisions; Specialty
Product, Stationery Products
and
Graphic products
division of Berli
Jucker Public Company
Limited., and
Berli Asiatic
Soda Co., Ltd.
5. International Business Group:
The International
Business Group and BJC International Company Limited. were
established in 2007
with the aim of promoting overseas BJC Group's product
portfolio
as well as related products. The International Business Group
has its head office in
the snack food
company, Jacy Foods Snd Bhd, was acquired in 2008. In
group established BJC
International Hong Kong as a vehicle to consolidate all overseas
business. The
group is operated
by BJC International
Company Limited
PURCHASE
90% of the
products is purchased
locally from the
BJC group of
companies, the remaining
10% is imported
from United States
of America, United
Kingdom, Singapore, Japan,
Korea, Germany, Holland,
Spain, Hong Kong
and etc.
SALES
80% of its
products is sold
locally to manufacturers, wholesalers,
retailers, Thai Government
and end-users, the
remaining 20% is
exported to Myanmar,
Japan, Taiwan, Hong Kong, Vietnam,
Australia, Malaysia, Singapore,
Republic of China and the countries
in Middle East.
SUBSIDIARIES & AFFILIATED
COMPANIES
Thai Glass Industries
Public Co., Ltd.
Address :
Business Type : Glass
container manufacturer for beer,
drinking water, electrolyte,
energy
drinks, foods, fruit
juice, health drinks,
pharmaceuticals, soda water,
soft
drinks
& whisky
Investment : The
subject holds 98.58%
of the company’s
shares.
Berli Jucker Cellox
Limited
Address :
Business Type : Manufacturer
& distributor of BJC brands
for tissues, soap,
shampoo &
shower cream
Investment : The
subject holds 92.22%
of the company’s
shares.
Berli Jucker Foods
Limited
Address :
Business Type : Manufacturer
& distributor of
sweet & salty
snack foods
Investment : The
subject holds 100.00%
of the company’s
shares.
Rubia Industries Limited
Address : Samutprakarn
province
Business Type : Manufacturer
of BJC brands
of soap, shampoo,
shower cream &
on
behalf of other
brand owners for
confectionery, soap, skin lotions &
talcum powder
Investment : The
subject holds 99.70%
of the company’s
shares.
Berli Jucker Logistics
Limited
Address :
Business Type : Provider
of customs clearing,
warehousing, transportation &
distribution
services for Berli
Jucker divisions &
subsidiaries & third
parties
Investment : The
subject holds 100.00%
of the company’s
shares.
Berli Jucker Specialties
Limited
Address :
Business Type : Distributor
of refrigerants, food,
cosmetics & pharma ingredients,
industrial chemicals &
minerals for glass industry
Investment : The subject
holds 98.30% of the company’s
shares.
Montana Co., Ltd.
Address :
Business Type : Sales
of cosmetics &
machinery
Investment : The
subject holds 100%
of the company’s
shares.
Rubia Investments Ltd.
Address :
Business Type : Investment
vehicles
Investment : The
subject holds 100.00%
of the company’s
shares.
BJC Marketing Co.,
Ltd.
Address :
Business Type : Sales
of consumer products
Investment : The
subject holds 100.00%
of the company’s
shares.
BJC Healthcare Co., Ltd.
Address :
Business Type : Sales
of medicals, chemicals,
imaging products and
stationery
Investment : The
subject holds 100.00%
of the company’s
shares.
BJC Industrial and
Trading Co., Ltd.
Address :
Business Type : Sales
of machinery and
construction supplies
Investment : The
subject holds 100.00%
of the company’s
shares.
BJC International Co.,
Ltd.
Address :
Business Type: Trading
agent
Investment : The
subject holds 100%
of the company’s
shares.
Thai Beverage Can
Ltd.
Address :
Business Type: Manufactures
and sales of
aluminum cans and
ends
Investment : The
subject holds 50.00%
of the company’s
shares.
etc.
LITIGATION
Bankruptcy and
Receivership
There are no
litigation on bankruptcy
and receivership cases
filed against the
subject found at
Legal Execution Department
for the past
five years.
Others
There are no
legal suits filed
against the subject
for the past
two years.
CREDIT
Sales are by
cash or on
the credits term
of 30-60 days.
Local bills are
paid by cash
or on the
credits term of
30-60 days.
Imports are by
L/C at sight
or T/T.
Exports are against
L/C at sight
or T/T.
BANKING
Kasikornbank Public Co.,
Ltd.
[Head Office
:
Bangkok Bank Public
Co., Ltd.
[Head Office
:
Citibank N.A.
[
Credit Agricole Indosuez
Bank
[
TMB Bank Public
Co., Ltd.
[Silom Branch
:
The Siam Commercial
Bank Public Co.,
Ltd.
[Head Office
:
Bankthai Public
Company Limited
[Head Office :
Standard Chartered Bank
[Thai] Public Co.,
Ltd.
[Head Office :
The Hongkong &
Shanghai Banking Corporation
[
Thanachart Bank Public
Co., Ltd.
[Head Office
: 900
Tonson Tower,
United Oversea Bank
[Thai] Public Co.,
Ltd.
[Head
Office :
BNP Paribas
Bank
[
Calyon Corporate and
Investment Bank
Siam City Bank
Public Co., Ltd.
EMPLOYMENT
The subject employs
5,743 staff [BJC
Group of Companies].
LOCATION DETAILS
The premise is
owned for administrative office
at the heading
address. It is
located in commercial/residential area.
REMARK
MAXIMUM CREDIT SHOULD
BE GRANTED AT EUR 1,000,000.
COMMENT
The subject has
been firmly established for
more than 5
decades and is
well-known among Thai
consumers for the
products distributing into the
market. It is
considered as an
experience player in
the Thai industry.
Despite overall economic
uncertainty, the subject
has constantly grown in a
part of increasing
competitive climate and
challenging circumstances,
and still maintains
its active business.
FINANCIAL INFORMATION
The capital was
initially registered at
Bht. 1,000,000 divided
into 10,000 shares
of Bht. 100
each with fully
paid.
Bht.
60,000,000 on January
22, 1974
Bht.
70,000,000 on December
21, 1977
Bht.
77,000,000 on June
26, 1990
Bht.
115,500,000 on April
10, 1992
The latest capital
was increased to
Bht. 1,588,125,000 divided
into 1,588,125,000 shares of
Bht. 1 each
which was fully
paid.
MAIN SHAREHOLDERS :
[as at August 27,
2010]
|
NAME |
HOLDING |
% |
|
|
|
|
|
TCC Holding Company
Limited |
1,121,704,820 |
70.63 |
|
UOB Kay Hian
Private Limited |
201,944,730 |
12.72 |
|
Phol Mankong Co.,
Ltd. |
47,617,500 |
3.00 |
|
The Social Affairs
Department |
21,601,900 |
1.36 |
|
American International Assurance
Company Limited - Tiger |
19,500,000 |
1.23 |
|
HSBC [ |
12,814,000 |
0.81 |
|
American International Assurance
Company Limited - Apex |
9,000,000 |
0.57 |
|
Others |
153,942,050 |
9.68 |
Total Shareholders :
3,582
NAME OF AUDITOR & CERTIFIED PUBLIC ACCOUNTANT
NO.
Mr. Nirand Lilamethwat
No. 2316
KPMG Phoomchai Audit
Ltd.
BALANCE SHEET [BAHT]
The
latest financial figures
published for December
31, 2009 &
2008 were:
ASSETS
|
Current Assets |
2009 |
2008 |
|
|
|
|
|
Cash and cash
equivalents |
439,281,229 |
270,574,973 |
|
Trade accounts receivable |
3,401,429,468 |
2,552,888,770 |
|
Short-term loans and
other receivable to related parties |
410,145,749 |
1,109,750,284 |
|
Inventories |
822,963,122 |
508,647,536 |
|
Other current assets |
151,603,677 |
51,466,590 |
|
|
|
|
|
Total Current Assets
|
5,225,423,245 |
4,493,328,153 |
|
Non-Currents Assets
|
|
|
|
Investment in subsidiary |
7,056,778,312 |
6,495,470,672 |
|
Investment in associated
company |
231,912,768 |
293,112,768 |
|
Other long-term investments |
836,709 |
836,709 |
|
Long-term loan to related company |
2,800,000,000 |
2,800,000,000 |
|
Property, plant &
equipment |
368,668,438 |
366,716,236 |
|
Intangible assets |
29,579,447 |
21,760,632 |
|
Deferred tax assets |
134,526,300 |
102,383,563 |
|
Other non-current assets |
2,609,477 |
249,845 |
|
Total Non-Current
Assets |
10,624,911,451 |
10,080,530,425 |
|
Total Assets |
15,850,334,696 |
14,573,858,578 |
LIABILITIES &
SHAREHOLDERS' EQUITY [BAHT]
|
Current
Liabilities |
2009 |
2008 |
|
|
|
|
|
Trade accounts payable |
2,452,420,007 |
2,516,759,580 |
|
Short-term loans &
advances from related Parties |
782,345,813 |
321,349,547 |
|
Income tax payable |
137,565,412 |
70,161,406 |
|
Other current liabilities |
804,201,010 |
394,055,738 |
|
|
|
|
|
Total Current Liabilities |
4,176,532,242 |
3,302,326,271 |
|
Non-Current Liabilities |
|
|
|
Debentures |
3,027,794,439 |
3,026,002,296 |
|
Provision for staff
retirement benefits |
98,812,273 |
90,262,548 |
|
Other non-current liabilities |
79,726,546 |
83,001,363 |
|
Total Non-Current
Liabilities |
3,206,333,258 |
3,199,266,207 |
|
Total Liabilities |
7,382,865,500 |
6,501,592,478 |
|
|
|
|
|
Shareholders' Equity |
|
|
|
Authorized share capital |
|
|
|
158,812,500 common
shares, Baht 10 par value |
1,588,125,000 |
1,588,125,000 |
|
Issued and paid-up
share capital 158,812,500 common shares,
Baht 10 par value |
1,588,125,000 |
1,588,125,000 |
|
Reserves |
|
|
|
Share premium |
3,751,379,641 |
3,751,379,641 |
|
Donated surplus |
36,867,563 |
36,867,563 |
|
Retained Earning |
|
|
|
Appropriated |
|
|
|
Legal reserve |
158,812,500 |
158,812,500 |
|
Reserve for
business expansion |
85,000,000 |
85,000,000 |
|
Unappropriated |
2,847,284,492 |
2,452,081,396 |
|
|
|
|
|
Total Shareholders' Equity |
8,467,469,196 |
8,072,266,100 |
|
Total Liabilities & Shareholders' Equity |
15,850,334,696 |
14,573,858,578 |
PROFIT & LOSS ACCOUNT
|
Revenue |
2009 |
2008 |
|
|
|
|
|
Revenue from sale
of goods and
rendering of service |
16,629,208,332 |
7,951,475,938 |
|
Gain on Exchange
Rate |
- |
1,485,043 |
|
Dividend income |
286,470,688 |
619,272,443 |
|
Other Income |
443,076,713 |
642,171,461 |
|
Total Revenues |
17,358,755,733 |
9,214,404,885 |
|
Expenses |
|
|
|
|
|
|
|
Cost of sales
of goods and
rendering of services |
13,176,442,501 |
7,001,477,598 |
|
Selling expenses |
2,351,198,386 |
468,490,181 |
|
Administrative expenses |
590,525,281 |
440,145,328 |
|
Directors’ Remuneration |
72,701,720 |
65,948,580 |
|
Loss on Exchange Rate |
270,045 |
- |
|
Total Expenses |
16,191,137,933 |
7,979,061,687 |
|
|
|
|
|
Profit Before Interest
Expenses and Income Tax |
1,167,617,800 |
1,235,343,198 |
|
Interest Expenses |
[121,394,618] |
[100,062,369] |
|
Income Tax |
[222,253,539] |
[141,192,560] |
|
Net Profit / [Loss] |
823,969,643 |
994,088,269 |
FINANCIAL ANALYSIS
|
ITEM |
UNIT |
2009 |
2008 |
|
|
|
|
|
|
LIQUIDITY RATIO |
|
|
|
|
CURRENT RATIO |
TIMES |
1.25 |
1.36 |
|
QUICK RATIO |
TIMES |
1.02 |
1.19 |
|
|
|
|
|
|
ACTIVITY RATIO |
|
|
|
|
FIXED ASSETS TURNOVER |
TIMES |
45.11 |
21.68 |
|
TOTAL ASSETS TURNOVER |
TIMES |
1.05 |
0.55 |
|
INVENTORY CONVERSION PERIOD |
DAYS |
22.80 |
26.52 |
|
INVENTORY TURNOVER |
TIMES |
16.01 |
13.76 |
|
RECEIVABLES CONVERSION PERIOD |
DAYS |
74.66 |
117.19 |
|
RECEIVABLES TURNOVER |
TIMES |
4.89 |
3.11 |
|
PAYABLES CONVERSION PERIOD |
DAYS |
67.93 |
131.20 |
|
CASH CONVERSION CYCLE |
DAYS |
29.52 |
12.50 |
|
|
|
|
|
|
PROFITABILITY
RATIO |
|
|
|
|
COST OF GOODS SOLD |
% |
79.24 |
88.05 |
|
SELLING & ADMINISTRATION |
% |
17.69 |
11.43 |
|
INTEREST |
% |
0.73 |
1.26 |
|
GROSS PROFIT MARGIN |
% |
25.15 |
27.83 |
|
NET PROFIT MARGIN BEFORE EX. ITEM |
% |
7.02 |
15.54 |
|
NET PROFIT MARGIN |
% |
4.95 |
12.50 |
|
RETURN ON EQUITY |
% |
9.73 |
12.31 |
|
RETURN ON ASSET |
% |
5.20 |
6.82 |
|
EARNING PER SHARE |
BAHT |
5.19 |
6.26 |
|
|
|
|
|
|
LEVERAGE RATIO |
|
|
|
|
DEBT RATIO |
TIMES |
0.47 |
0.45 |
|
DEBT TO EQUITY RATIO |
TIMES |
0.87 |
0.81 |
|
TIME INTEREST EARNED |
TIMES |
9.62 |
12.35 |
|
|
|
|
|
|
ANNUAL GROWTH |
|
|
|
|
SALES GROWTH |
% |
109.13 |
|
|
OPERATING PROFIT |
% |
(5.48) |
|
|
NET PROFIT |
% |
(17.11) |
|
|
FIXED ASSETS |
% |
0.53 |
|
|
TOTAL ASSETS |
% |
8.76 |
|
PROFITABILITY RATIO
|
Gross Profit Margin |
25.15 |
Impressive |
Industrial Average |
24.79 |
|
Net Profit Margin |
4.95 |
Impressive |
Industrial Average |
(5.39) |
|
Return on Assets |
5.20 |
Impressive |
Industrial Average |
0.69 |
|
Return on Equity |
9.73 |
Impressive |
Industrial Average |
6.25 |
Gross Profit Margin used to assess a firm's financial health by revealing
the proportion of money left over from revenues after accounting for the cost
of goods sold. Gross profit margin serves as the source for paying additional
expenses and future savings. The
company’s figure is 25.15%. When
compared with the industry average, the ratio of the company was higher,
indicated that company was more profitable than the same industry.
Net Profit Margin is the indicator of the company's efficiency in that
net profit takes into consideration all expenses of the company. A low profit
margin indicates a low margin of safety, higher risk that a decline in sales
will erase profits and result in a net loss. The company’s figure is 4.95% compared with those of its average
competitors in the same industry, indicated that business was an efficient
operator in a dominant position within
its industry.
Return on Assets measures how efficiently profits are being generated
from the assets employed in the business when compared with the ratios of firms
in a similar business. A low ratio in comparison with industry averages
indicates an inefficient use of business assets. Return on Assets is 5.2%,
higher figure when compared with those of its average competitors in the same
industry, indicated that business was an efficient profit in a dominant position within its industry.
Return on Equity indicates how profitable a company is by comparing its
net income to its average shareholders' equity, ROE measures how much the
shareholders earned for their investment in the company. Return on Equity is
9.73%, higher figure when compared with those of its average competitors in the
same industry, indicated that business was an efficient profit in a dominant position within its industry.
Trend of the average
competitors in the same industry for last 5 years
Return on Assets Downtrend
Return on Equity Downtrend
LIQUIDITY RATIO
|
Current Ratio |
1.25 |
Deteriorated |
Industrial Average |
24.47 |
|
Quick Ratio |
1.02 |
|
|
|
|
Cash Conversion Cycle |
29.52 |
|
|
|
The Current Ratio is to ascertain whether a company's short-term assets
are readily available to pay off its short-term liabilities. The company's figure
is 1.25 times in 2009, decrease from 1.36 times, then it is generally
considered to have good short-term financial strength. When compared with the
industry average, the ratio of the company was lower.
The Quick Ratio is a liquidity indicator that further refines the
current ratio by measuring the amount of the most liquid current assets there
are to cover current liabilities. The company's figure is 1.02 times in 2009,
decrease from 1.19 times, although excluding inventory so the company still have
good short-term financial strength.
The Cash Conversion Cycle measures the number of days a company's cash
is tied up in the production and sales process of its operations and the
benefit from payment terms from its
creditors. It meant the company could survive when no cash inflow was received
from sale for 30 days.
Trend of the
average competitors in the same industry for last 5 years
Current Ratio Uptrend
LEVERAGE RATIO
|
Debt Ratio |
0.47 |
Impressive |
Industrial Average |
0.84 |
|
Debt to Equity Ratio |
0.87 |
Impressive |
Industrial Average |
1.59 |
|
Times Interest Earned |
9.62 |
Deteriorated |
Industrial Average |
146.23 |
Debt to Equity Ratio a measurement of how much suppliers, lenders, creditors
and obligors have committed to the company versus what the shareholders have
committed. A lower the percentage means that the company is using less leverage and has stronger equity position.
Times Interest Earned measuring a company's ability to meet its debt
obligations. Ratio is 9.62 higher than 1, so the company can pay interest
expenses on outstanding debt.
Debt Ratio shows the proportion of a company's assets which are financed
through debt. The company's figure is 0.47 less than 0.5, most of the company's
assets are financed through equity.
Trend of the
average competitors in the same industry for last 5 years
Debt Ratio Uptrend
Times Interest Earned Uptrend
ACTIVITY RATIO
|
Fixed Assets Turnover |
45.11 |
Deteriorated |
Industrial Average |
16,447.82 |
|
Total Assets Turnover |
1.05 |
Acceptable |
Industrial Average |
2.05 |
|
Inventory Conversion Period |
22.80 |
|
|
|
|
Inventory Turnover |
16.01 |
Acceptable |
Industrial Average |
22.71 |
|
Receivables Conversion Period |
74.66 |
|
|
|
|
Receivables Turnover |
4.89 |
Deteriorated |
Industrial Average |
15.76 |
|
Payables Conversion Period |
67.93 |
|
|
|
Trend of the
average competitors in the same industry for last 5 years
Fixed Assets Turnover Uptrend
Total Assets Turnover Downtrend
Inventory Turnover Uptrend
Receivables Turnover Uptrend
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.45.20 |
|
|
1 |
Rs.70.27 |
|
Euro |
1 |
Rs.59.99 |
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.