MIRA INFORM
REPORT
|
Report Date : |
29.01.2011 |
IDENTIFICATION DETAILS
|
Name : |
NGOC TUNG MANUFACTURING TRADING SERVICE JONT
STOCK COMPANY |
|
|
|
|
Formerly Known As : |
Ngoc Tung Manufacturing Trading Service Co.,
Ltd |
|
|
|
|
Registered Office : |
Block |
|
|
|
|
Country : |
|
|
|
|
|
Financials (as on) : |
31.12.2008 |
|
|
|
|
Year of Establishment : |
1997 |
|
|
|
|
Com. Reg. No.: |
0301415086 |
|
|
|
|
Legal Form : |
Joint Stock Company |
|
|
|
|
Line of Business : |
Trading in fertilizers, insecticides, agro-aqua machine, agricultural
products, food and foodstuff |
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 : |
Good |
|
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 |
SUBJECT IDENTIFICATION & LEGAL FORM
Current legal status
|
||
|
English Name |
|
NGOC TUNG MANUFACTURING TRADING SERVICE
JONT STOCK COMPANY |
|
Vietnamese Name |
|
CONG TY CO PHAN SAN XUAT THUONG MAI DICH
VU NGOC TUNG |
|
Trade name |
|
NGOC TUNG MANUFACTURING TRADING SERVICE JOINT
STOCK COMPANY |
|
Short name |
|
NGOC TUNG JSC |
|
Type of Business |
|
Joint stock company |
|
Year Established |
|
1997 |
|
Business Registration No. |
|
0301415086 |
|
Place of Registration |
|
Business Registration Office of |
|
Current registered capital |
|
200,000,000,000 VND |
|
Tax code |
|
0301415086 |
|
Total Employees |
|
250 |
|
Size |
|
Large |
Historical Identification & Legal form
|
List |
Changed Items |
Date of changes |
|
1 |
Subject
has got former Registered English Name: NGOC TUNG MANUFACTURING TRADING AND
SERVICES LIABILITY LIMITED COMPANY Changed to: NGOC TUNG MANUFACTURING
TRADING SERVICE JONT STOCK COMPANY |
05
Nov 2007 |
|
2 |
Subject
has got former Registered Vietnamese Name: CONG TY TNHH SAN XUAT THUONG MAI
DICH VU NGOC TUNG Changed to: CONG TY CO PHAN SAN XUAT THUONG MAI DICH VU
NGOC TUNG |
05
Nov 2007 |
|
3 |
Subject
has got former Trade Name: NGOC TUNG MANUFACTURING TRADING COMPANY LIMITED
Changed to: NGOC TUNG MANUFACTURING TRADING SERVICE JOINT STOCK COMPANY |
05
Nov 2007 |
|
4 |
Subject
has got former Abbreviated Name: NGOC TUNG CO., LTD Changed to: NGOC TUNG JSC
|
05
Nov 2007 |
|
5 |
Subject
has got former Business Registration No: No. 052616 which was issued on
September 04th, 1997 Changed to: 4103008343 |
05
Nov 2007 |
|
6 |
Subject
has got former registered capital: First, 12,000,000,000 VND Then, 35,000,000,000
VND Changed to: 200,000,000,000 VND |
N/A |
|
7 |
Subject
has got former Business Registration No: 4103008343 which was issued on 05
Nov 2007 Changed to: 0301415086 |
N/A |
company ADDRESSES
|
Head Office and
Factory |
||
|
Address |
|
Block |
|
Telephone |
|
(84-8) 3766 0814, 3766 0815, 7366 0816 |
|
Fax |
|
(84-8) 3766 0814 |
|
Email |
|
|
|
Website |
|
|
|
Occupied Area |
|
10,000 m2 |
|
Land-use Right |
|
Leased |
|
Branch in Ho Chi
Minh |
||
|
Address |
|
|
|
Telephone |
|
(84-8) 3775 4034 / 3775 4039 |
|
Fax |
|
(84-8) 3775 4032 |
|
Email |
|
|
|
Manager |
|
Mr. HO VAN HAO |
|
|
||
|
Branch in Can
Tho |
||
|
Address |
|
No. 213A |
|
Telephone |
|
(84-710) 3913 761 |
|
Fax |
|
(84-710) 3913 769 |
|
Email |
|
|
|
Manager |
|
Mr. PHAN TIEN DAT |
|
Notes |
|
Business registration no.5712000406 Tax
code: 0301415086-001 |
|
|
||
|
Branch in Ha Noi
|
||
|
Address |
|
Room 908 – The Thao Hotel, Le Van Thiem,
Nhan Chinh Ward - Thanh Xuan District - Ha |
|
Telephone |
|
(84-4) 3791 6591 |
|
Fax |
|
(84-4) 3791 6591 |
|
Email |
|
|
|
Manager |
|
Mr. PHAM MANH KIEM |
|
|
||
|
Branch in Quang |
||
|
Address |
|
Block 4 |
|
Telephone |
|
(84-510) 3867 879 - 913 492 070 |
|
Fax |
|
(84-510) 3867 879 |
|
Email |
|
|
|
Manager |
|
Mr. TRAN PHUC LUYEN |
|
|
||
|
Branch in An
Giang |
||
|
Address |
|
No. 1/4 Nguyen Thai Hoc, My BinhWard - |
|
Telephone |
|
(84-76) 3852 403 |
|
Fax |
|
(84-76) 3854 572 |
|
Email |
|
|
|
Manager |
|
Ms. BUI THI SAU |
|
|
||
|
Branch in Dak
Lak |
||
|
Address |
|
|
|
Telephone |
|
(84-50) 3867 151 |
|
Fax |
|
(84-50) 3867 151 |
|
Email |
|
|
|
Manager |
|
Mr. PHAN QUANG THANG |
|
|
||
|
Branch in Binh
Phuoc |
||
|
Address |
|
|
|
Telephone |
|
(84-651) 3880826 – 903 537 302 |
|
Email |
|
|
|
Manager |
|
Mr. TANG TAN THANH |
|
|
||
DIRECTORS
|
1
. NAME |
|
Mr.
LA HOANG DUC |
|
Position |
|
Chairman / General Director |
|
Date of Birth |
|
1963 |
|
ID Number/Passport |
|
024526400 |
|
Resident |
|
No. 6, Road No. 34
Binh Phu Residential Area , Ward 10 - 6 District - Ho Chi Minh City - Vietnam
|
|
Email |
|
|
|
Qualification |
|
Management |
|
Years of experience |
|
10 |
|
|
||
|
2
. NAME |
|
Mr.
TRUONG CONG DUC |
|
Position |
|
Deputy General Director |
|
ID Number/Passport |
|
023740673 |
|
Resident |
|
98/111/63 Cach Mang
Thang Tam Street, Ward 5 - Tan Binh District - Ho Chi Minh City - Vietnam |
|
Email |
|
|
|
|
||
|
3
. NAME |
|
Mr.
MAI VAN HOANH |
|
Position |
|
Deputy General Director |
|
Resident |
|
|
|
Nationality |
|
Vietnamese |
|
|
||
|
4
. NAME |
|
Mr.
TRAN THANH BINH |
|
Position |
|
Deputy General Director |
|
Resident |
|
|
|
Nationality |
|
Vietnamese
|
|
|
||
|
5
. NAME |
|
Mr.
HO VAN HAO |
|
Position |
|
Sales Director |
|
Qualification |
|
Bachelor |
|
Resident |
|
|
|
Nationality |
|
Vietnamese |
|
Email |
|
|
|
|
||
|
6
. NAME |
|
Ms.
LIEN THUY THANH |
|
Position |
|
Chief Accountant |
|
Qualification |
|
Bachelor |
|
Resident |
|
|
|
Nationality |
|
Vietnamese |
BUSINESS NATURE AND ACTIVITIES
|
The subject registered in the following activities: |
|
ü
Trading in fertilizers, insecticides,
agro-aqua machine, agricultural products, food and foodstuff, ü
Foodstuff industry. ü
Goods on consignment agent's. ü
Termite insecticide killing
service for houses and stores. ü
Bottling insecticides. ü
Civil & industrial
construction ü
Home & abroad travel ü
Transporting goods and
passengers by land. |
IMPORT & EXPORT ACTIVITIES
|
IMPORT: |
||
|
Types of products |
|
material and good sources |
|
Market |
|
|
|
|
||
|
EXPORT: |
||
|
Types of products |
|
N/A |
|
Market |
|
N/A |
BANKERS
|
1.
|
||
|
Address |
|
No.391A Kinh Duong Vuong - 6 District - |
|
Telephone |
|
(84-8) 3751 6100 |
|
Fax |
|
(84-8) 3877 6590 |
|
|
||
|
2.
VIETIN BANK HO |
||
|
Address |
|
|
|
Telephone |
|
(84-8) 38215388 – 38210089 |
|
Fax |
|
(84-8) 38290696 |
|
|
||
|
3.
VIET NAM BANK FOR AGRICULTURE AND RURAL DEVELOPMENT HOCHIMINH CITY BRANCH |
||
|
Address |
|
|
|
Telephone |
|
(84-8) 38222752 - 38295434 |
|
Fax |
|
(84-8) 38294063 |
|
|
||
|
4.
|
||
|
Address |
|
|
|
Telephone |
|
(84-8) 39555280 |
|
Fax |
|
(84-8) 39555947 |
|
|
||
|
5.
DONG A COMMERCIAL JOINT STOCK BANK |
||
|
Address |
|
No. 56-58 Nguyen Cong Tru, Nguyen Thai Binh Ward - 1 District - |
|
Telephone |
|
(84-8) 3821 5005 |
|
Fax |
|
(84-8) 3821 5006 |
|
|
||
SHAREHOLDERS
|
1
. NAME |
|
Mr.
LA HOANG DUC |
|
Position |
|
Chairman and General Director |
|
Date of Birth |
|
1963 |
|
ID Number/Passport |
|
024526400 |
|
Issued Place |
|
Police Station of |
|
Resident |
|
No. 6, Road No. 34 Binh Phu Residential
Area , Ward 10 - 6 District - |
|
Value of shares |
|
100,000,000,000 VND |
|
Percentage |
|
50% |
|
|
||
|
2
. NAME |
|
Ms.
LA HOANG |
|
ID Number/Passport |
|
024797558 |
|
Issued Place |
|
Police Station of |
|
Resident |
|
No. 6, Road No. 34 Binh Phu Residential
Area , Ward 10 - 10 District - |
|
Value of shares |
|
60,000,000,000 VND |
|
Percentage |
|
30% |
|
|
||
|
3
. NAME |
|
Ms.
BUI THI SAU |
|
ID Number/Passport |
|
350215480 |
|
Issued Place |
|
Police station of An Giang Province |
|
Resident |
|
|
|
Value of shares |
|
39,000,000,000 VND |
|
Percentage |
|
19.5% |
|
|
||
|
4
. NAME |
|
Mr.
TRUONG CONG DUC |
|
Position |
|
Deputy General Director |
|
ID Number/Passport |
|
023740673 |
|
Resident |
|
|
|
Value of shares |
|
1,000,000,000 VND |
|
Percentage |
|
0.5% |
FINANCIAL DATA
|
BALANCE
SHEET |
|||
Unit: Million VND
|
|||
|
Balance sheet
date |
31/12/2008 |
31/12/2007 |
31/12/2006 |
|
Number of weeks |
52 |
52 |
52 |
|
ASSETS |
|||
|
A – CURRENT
ASSETS |
170,827 |
222,319 |
96,260 |
|
I. Cash and cash
equivalents |
118 |
2,320 |
1,290 |
|
1. Cash |
118 |
2,320 |
1,290 |
|
2. Cash equivalents |
0 |
0 |
0 |
|
II. Short-term
investments |
0 |
0 |
0 |
|
1. Short-term investments |
0 |
0 |
0 |
|
2. Provisions for devaluation of short-term investments |
0 |
0 |
0 |
|
III. Accounts receivable
|
52,267 |
144,417 |
32,157 |
|
1. Receivable from customers |
52,251 |
60,593 |
31,376 |
|
2. Prepayments to suppliers |
413 |
463 |
|
|
3. Inter-company receivable |
0 |
0 |
308 |
|
4. Receivable according to the progress of construction |
0 |
0 |
|
|
5. Other receivable |
67 |
83,361 |
|
|
6. Provisions for bad debts |
-464 |
0 |
473 |
|
IV. Inventories |
114,056 |
72,589 |
61,839 |
|
1. Inventories |
116,088 |
72,589 |
61,839 |
|
2. Provisions for devaluation of inventories |
-2,032 |
0 |
0 |
|
V. Other Current
Assets |
4,386 |
2,993 |
974 |
|
1. Short-term prepaid expenses |
322 |
643 |
974 |
|
2. VAT to be deducted |
2,303 |
2,350 |
0 |
|
3. Taxes and other accounts receivable from the State |
0 |
0 |
0 |
|
4. Other current assets |
1,761 |
0 |
0 |
|
B. LONG-TERM
ASSETS |
45,822 |
35,356 |
16,195 |
|
I. Long term
account receivable |
0 |
0 |
|
|
1. Long term account receivable from customers |
0 |
0 |
|
|
2. Working capital in affiliates |
0 |
0 |
|
|
3. Long-term inter-company receivable |
0 |
0 |
|
|
4. Other long-term receivable |
0 |
0 |
|
|
5. Provisions for bad debts from customers |
0 |
0 |
0 |
|
II. Fixed assets
|
45,822 |
35,356 |
15,665 |
|
1. Tangible assets |
20,883 |
16,266 |
11,836 |
|
- Historical costs |
31,198 |
24,292 |
17,903 |
|
- Accumulated depreciation |
-10,315 |
-8,026 |
-6,067 |
|
2. Financial leasehold assets |
0 |
0 |
0 |
|
- Historical costs |
0 |
0 |
0 |
|
- Accumulated depreciation |
0 |
0 |
0 |
|
3. Intangible assets |
5,440 |
5,515 |
3,829 |
|
- Initial costs |
6,557 |
6,557 |
4,803 |
|
- Accumulated amortization |
-1,117 |
-1,042 |
-974 |
|
4. Construction-in-progress |
19,499 |
13,575 |
|
|
III. Investment
property |
0 |
0 |
|
|
Historical costs |
0 |
0 |
|
|
Accumulated depreciation |
0 |
0 |
|
|
IV. Long-term investments
|
0 |
0 |
286 |
|
1. Investments in affiliates |
0 |
0 |
|
|
2. Investments in business concerns and joint ventures |
0 |
0 |
|
|
3. Other long-term investments |
0 |
0 |
286 |
|
4. Provisions for devaluation of long-term investments |
0 |
0 |
|
|
VI. Other
long-term assets |
0 |
0 |
244 |
|
1. Long-term prepaid expenses |
0 |
0 |
244 |
|
2. Deferred income tax assets |
0 |
0 |
0 |
|
3. Other long-term assets |
0 |
0 |
0 |
|
TOTAL ASSETS |
216,649 |
257,675 |
112,455 |
|
|
|||
|
LIABILITIES |
|||
|
A- LIABILITIES |
29,237 |
51,516 |
64,918 |
|
I. Current
liabilities |
29,237 |
51,516 |
64,885 |
|
1. Short-term debts and loans |
10,204 |
9,954 |
31,519 |
|
2. Payable to suppliers |
17,392 |
38,738 |
33,628 |
|
3. Advances from customers |
0 |
0 |
|
|
4. Taxes and other obligations to the State Budget |
522 |
2,455 |
-1,332 |
|
5. Payable to employees |
376 |
0 |
|
|
6. Accrued expenses |
41 |
0 |
|
|
7. Inter-company payable |
0 |
0 |
|
|
8. Payable according to the progress of construction contracts |
0 |
0 |
|
|
9. Other payable |
702 |
369 |
1,070 |
|
10. Provisions for short-term accounts payable |
0 |
0 |
0 |
|
II. Long-Term Liabilities
|
0 |
0 |
33 |
|
1. Long-term accounts payable to suppliers |
0 |
0 |
|
|
2. Long-term inter-company payable |
0 |
0 |
|
|
3. Other long-term payable |
0 |
0 |
33 |
|
4. Long-term debts and loans |
0 |
0 |
|
|
5. Deferred income tax payable |
0 |
0 |
|
|
6. Provisions for unemployment allowances |
0 |
0 |
0 |
|
7. Provisions for long-term accounts payable |
0 |
0 |
0 |
|
B- OWNER’S
EQUITY |
187,412 |
206,159 |
47,537 |
|
I. OWNER’S
EQUITY |
187,412 |
206,159 |
47,537 |
|
1. Capital |
180,000 |
200,000 |
47,000 |
|
2. Share premiums |
0 |
0 |
|
|
3. Other sources of capital |
0 |
0 |
0 |
|
4. Treasury stocks |
0 |
0 |
|
|
5. Differences on asset revaluation |
0 |
0 |
|
|
6. Foreign exchange differences |
0 |
0 |
|
|
7. Business promotion fund |
0 |
0 |
|
|
8. Financial reserved fund |
7 |
7 |
|
|
9. Other funds |
0 |
6,152 |
530 |
|
10. Retained earnings |
7,405 |
0 |
0 |
|
11. Construction investment fund |
0 |
0 |
0 |
|
II. Other
sources and funds |
0 |
0 |
0 |
|
1. Bonus and welfare funds |
0 |
0 |
0 |
|
2. Sources of expenditure |
0 |
0 |
|
|
3. Fund to form fixed assets |
0 |
0 |
|
|
MINORITY’S
INTEREST |
0 |
0 |
0 |
|
TOTAL LIABILITIES
AND OWNER’S EQUITY |
216,649 |
257,675 |
112,455 |
|
PROFIT
& LOSS STATEMENT |
|||
|
Description |
FY2008 |
FY2007 |
FY2006 |
|
1. Total |
247,142 |
184,902 |
151,503 |
|
2. Deduction item |
0 |
0 |
|
|
3. Net |
247,142 |
184,902 |
151,503 |
|
4. Costs of goods sold |
191,896 |
157,400 |
126,451 |
|
5. Gross profit |
55,246 |
27,502 |
25,052 |
|
6. Financial income |
670 |
329 |
17 |
|
7. Financial expenses |
9,553 |
4,479 |
5,615 |
|
- In which: Loan interest expenses |
2,283 |
0 |
|
|
8. Selling expenses |
13,244 |
11,046 |
13,680 |
|
9. Administrative overheads |
10,323 |
5,668 |
4,439 |
|
10. Net operating profit |
22,796 |
6,638 |
1,335 |
|
11. Other income |
532 |
1,751 |
810 |
|
12. Other expenses |
801 |
1,491 |
1,146 |
|
13. Other profit /(loss) |
-269 |
260 |
-336 |
|
14. Total accounting profit before tax |
22,527 |
6,898 |
999 |
|
15. Current corporate income tax |
3,891 |
0 |
407 |
|
16. Deferred corporate income tax |
0 |
0 |
0 |
|
17. Profit after tax |
18,636 |
6,898 |
592 |
|
FINANCIAL RATIOS
AND AVERAGE INDUSTRY RATIOS |
||||
|
Description |
FY2008 |
FY2007 |
FY2006 |
Average Industry |
|
Current liquidity ratio |
5.84 |
4.32 |
1.48 |
1.72 |
|
Quick liquidity ratio |
1.94 |
2.91 |
0.53 |
1.01 |
|
Inventory circle |
2.06 |
2.34 |
2.04 |
6.75 |
|
Average receive period |
77.19 |
285.08 |
77.47 |
67.18 |
|
Utilizing asset performance |
1.14 |
0.72 |
1.35 |
1.75 |
|
Liability by total asset |
13.50 |
19.99 |
57.73 |
56.43 |
|
Liability by owner equity |
15.60 |
24.99 |
136.56 |
231.20 |
|
Ebit / Total asset (ROA) |
11.45 |
2.68 |
--- |
9.35 |
|
Ebit / Owner's equity (ROE) |
13.24 |
3.35 |
--- |
20.56 |
|
Ebit / Total |
10.04 |
3.73 |
--- |
3.99 |
|
Gross profit / Total Sale (GPM) |
22.35 |
14.87 |
16.54 |
15.29 |
|
Note: The Average Industry was calculated by |
||||
PAYMENT HISTORY & PERFORMANCE EXPERIENCES
|
Trade Morality |
|
Fair |
|
Liquidity |
|
High |
|
Payment status |
|
Average |
|
Financial Situation |
|
Above average |
|
Development trend |
|
Even |
|
Litigation data |
|
No |
|
Bankruptcy |
|
No |
|
Payment Methods |
|
Direct payment or through its corresponding bank. L/C or T/T |
|
|
|
Other |
|
Public opinion |
|
Average |
|
CREDIT INQUIRY: 125,000 USD |
|
Reliable! |
INTERPRETATION ON THE SCORES
|
NGOC TUNG JSC was formerly known
as “Ngoc Tung Manufacturing Trading Service Co., Ltd” which was established in
September 1997. The subject has been changed to Joint Stock Company since
November 5th 2007 with trade name Ngoc Tung Manufacturing Trading Service
joint Stock Company. At present, its registered capital is 200 billion VND. - The subject started its businesses
on May 10th, 1998. - In July 1999, the Ministry of
Agriculture and Rural Development permitted the subject to process and
package pesticides. - On May 22nd 2003, Ngoc Tung
established a branch at - On February 24th 2005, this
tourism center was changed into Sa Na Festival Co., Ltd. Now, Ngoc Tung and Sa Na
Festival Co., Ltd are two independent entities on legal document but in fact,
Sa Na Festival Co., Ltd is a subsidiary of Ngoc Tung. This company is located
at The subject is specialized in
producing and trading in pesticides. Its materials are imported from The premises and facilities of
Ngoc Tung are standard. Its factory is located on an area of 7,000 sq meters
in Le Minh Xuan industrial park. The factory has a modern assembly line to
mix and pack automatically liquid and power pesticides. Its designed power is
4,200 tons of products per year. Ngoc Tung was built the quality
management system and was certified to be in accordance with quality standard
ISO 9001-2000 by Bureau Veritas quality international: UKAS quality
management of In March 2006, the subject was
granted ISO 14001:2004 Certificate by QUACERT organization. The management
capacity of the subject is good. Its business operations are regular. All
products of Ngoc Tung are produced under the control of the quality
management system. Thus, their quality is stable and effective. The position of the subject in
the industry is medium. Annual turnover and profits of the subject are
passable and fairly stable. Its financial situation is being expanded well.
Being chosen as the “ With many years of experiences
of pesticides, the subject has created a system of distributors over the
country. Subject has around 500 agencies in In general, the subject is a
large scale company and has developing potential. Its financial status is
reliable. The subject has capacity to meet small and normal financial
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 |
||||||
|
|
||||||
|
|
2009 |
2008 |
2007 |
|||
|
Population (Million person) |
87 |
86.1 |
85.1 |
|||
|
Gross Domestic Products (US$
billion) |
91 |
84.9 |
71.2 |
|||
|
GDP Growth (%) |
5.32 |
6.2 |
8.5 |
|||
|
GDP Per Capita (US$) |
1,080 |
1,040 |
814 |
|||
|
Inflation (% Change in
Composite CPI) |
6.88 |
24.4 |
8.3 |
|||
|
|
||||||
|
SERVICE TRADE
PERFORMANCE |
||||||
|
|
||||||
|
Billion USD |
2009 |
2008 |
2007 |
|||
|
Exports |
56.6 |
62.9 |
48.6 |
|||
|
Imports |
68.8 |
76.6 |
58.9 |
|||
|
Trade Balance |
-12.2 |
-14.6 |
-10.3 |
|||
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.45.74 |
|
|
1 |
Rs.72.73 |
|
Euro |
1 |
Rs.62.73 |
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 |
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.