%20CO%20,%20LTD%20%20-%20142574%2004-Jun-2011_files/image002.jpg){kind=small}
MIRA INFORM REPORT
|
Report Date : |
04.06.2011 |
IDENTIFICATION DETAILS
|
Name : |
ASIA NUTRITION TECHNOLOGIES (HN) CO.,
LTD |
|
|
|
|
Registered Office : |
Tan Truong Commune - Cam Giang District - Hai Duong Province |
|
|
|
|
Country : |
Vietnam |
|
|
|
|
Financials (as on) : |
31.12.2010 |
|
|
|
|
Year of Establishment : |
2003 |
|
|
|
|
Legal Form : |
Foreign Invested Company |
|
|
|
|
Line of Business : |
Producing and trading in animal feed, especially for pig, poultry and shrimp |
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 – 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 |
|
ASIA NUTRITION TECHNOLOGIES (HN) CO., LTD |
|
Vietnamese Name |
|
CONG TY TRACH NHIEM HUU HAN ANT (HN) |
|
Short name |
|
ANT (HN) |
|
Type of Business |
|
Foreign invested company |
|
Year Established |
|
2003 |
|
Investment Certificate No |
|
041043000033 |
|
Date of investment |
|
17 Feb 2007 |
|
Place of investment |
|
People’s Committee of Hai Duong Province |
|
Registered Investment Capital |
|
14,000,000 USD (equivalent:
224,000,000,000 VND) |
|
Chartered capital |
|
5,600,000 USD (equivalent: 89,600,000,000
VND) |
|
Investment Duration |
|
50 years |
|
Status |
|
Unlisted |
|
Tax code |
|
0800274232 |
|
Total Employees |
|
400 |
Historical Identification & Legal form
|
List |
Changed Items |
Date of changes |
|
1 |
Subject has got former Investment
Certificate No: 30/GP-HD, Date of Issuance: 22 Jan 2003, Place of Issuance:
People’s Committee of Hai Duong Province Changed to: No. 041043000033 |
17
Dec 2007 |
company ADDRESSES
|
Head Office |
||
|
Address |
|
Tan Truong Commune - Cam Giang District -
Hai Duong Province - Vietnam |
|
Telephone |
|
(84-320) 378 5121/ 378 4253 |
|
Fax |
|
(84-320) 378 5120 |
|
Occupied Area |
|
24.400m2 |
|
Land-use Right |
|
Leased |
SUBSIDIARIES AND RELATED COMPANIES
|
1. PARENT
COMPANY - ASIA NUTRITION TECHNOLOGIES (VN) INVESTMENT COMPANY LIMITED |
||
|
Business Registration |
|
293603 |
|
Date of Registration |
|
07 Sep 1998 |
|
Place of Registration |
|
British Virgin Islands |
|
Address |
|
Suit 1010A, Tower 2, China Hongkong City, 33 Canton Road, Tsimshotsui
- - Koowloon - Hong Kong |
|
|
||
|
2. RELATED
COMPANY - ASIA NUTRITION TECHNOLOGIES (VN) CO., LTD |
||
|
Business Registration |
|
472043000470 |
|
Date of Registration |
|
14 May 2008 |
|
Place of Registration |
|
Management board of Industrial Zones of Dong Nai Province |
|
Registered Capital |
|
14,000,000 USD |
|
Tax code |
|
3600233805 |
|
Address |
|
Song May Industrial Zone Bac Son Ward - Trang Bom District - Dong Nai
Province - Vietnam |
|
Tel |
|
(84-61) 386 9111/ 386 9235 |
|
Fax |
|
(84-61) 386 9110/ 386 9202/ 396 8077 |
|
|
||
|
3. RELATED
COMPANY - ASIA NUTRITION TECHNOLOGIES (LA) CO., LTD |
||
|
Registered Capital |
|
3,000,000 USD |
|
Tax code |
|
1100780073 |
|
Address |
|
Long Dinh - Long Cang Industrial Zone - Can Duoc District - Long An
Province - Vietnam |
|
Tel |
|
(84-72) 3636888 |
|
Fax |
|
(84-72) 3726889 |
DIRECTORS
|
1.
NAME |
|
Mr.
CHANG YU LUNG |
|
Position |
|
General Director |
|
Date of Birth |
|
20 Mar 1962 |
|
ID Number/Passport |
|
135027430 |
|
Resident |
|
Suit 1010A, Tower 2,
China Hongkong City, 33 Canton Road, Tsimshotsui - - Koowloon - Hong Kong |
|
Nationality |
|
Taiwanese |
|
|
||
|
2.
NAME |
|
Mr.
CHANG CHIN TSUNG |
|
Position |
|
Deputy General Director |
|
Current resident |
|
Tan Truong Commune - Cam Giang District -
Hai Duong Province - Vietnam |
|
Nationality |
|
Taiwanese |
|
|
||
|
3.
NAME |
|
Mr.
TANG SHUN FU |
|
Position |
|
Deputy General Director |
|
Nationality |
|
Taiwanese |
|
|
||
|
4.
NAME |
|
Mr.
SU CHUAN CHIH |
|
Position |
|
Financial Director |
|
Nationality |
|
Taiwanese |
BUSINESS NATURE AND ACTIVITIES
|
The main business activities of the subject
include: |
IMPORT & EXPORT ACTIVITIES
|
IMPORT: |
||
|
·
Types of products |
|
Materials |
|
·
Market |
|
India, China, Taiwan, Thailand, Malaysia, Indonesia, USA, Argentina |
|
·
Ratio |
|
N/A |
|
·
Mode of payment |
|
L/C and D/P |
|
|
||
|
EXPORT: |
||
|
·
Market |
|
N/A |
BANKERS
|
1.
ANZ BANK HA NOI BRANCH |
||
|
Address |
|
No. 14 Le Thai To Str. - Hoan Kiem District - Ha Noi City - Vietnam |
|
Telephone |
|
(84-4) 3825 8190 |
|
Fax |
|
(84-4) 3825 8188 |
|
|
||
|
2.
JOINT STOCK COMMERCIAL BANK FOR FOREIGN TRADE OF VIETNAM HAI DUONG BRANCH |
||
|
Address |
|
No Km3 Nguyen Luong Bang - Hai Duong City - Hai Duong Province -
Vietnam |
|
Telephone |
|
(84-320) 3891173 / 3891259 |
|
Fax |
|
(84-320) 3891807 |
|
|
||
|
3.
ASIA COMMERCIAL BANK HUNG YEN BRANCH |
||
|
Address |
|
Ban Yen Nhan Ward - My Hao District - Hung Yen Province - Vietnam |
|
Telephone |
|
(84-321) 394 2588 |
|
Fax |
|
(84-321) 394 2589 |
|
|
||
|
4.
GREAT TRUST COMMERCIAL JOINT STOCK BANK HA NOI BRANCH |
||
|
Address |
|
No.96 Ba Trieu Str, Hang Ba ward - Hoan Kiem District - Ha Noi City -
Vietnam |
|
Telephone |
|
(84-4) 62780 086 |
|
Fax |
|
(84-4) 62780 089 |
|
|
||
|
5.
BANK OF TOKYO MITSUIBISI UFJ |
||
|
Address |
|
Flr 6th - Pacific Place Building - No. 83 Ly Thuong Kiet Str. - Hoan
Kiem District - Ha Noi City - Vietnam |
|
Telephone |
|
(84-4) 38 244 855 |
|
Fax |
|
(84-4) 38 266 981 |
|
|
||
|
6.
UOB BANK |
||
|
Address |
|
No. 17 Le Duan Str, 1st Floor, Central Plaza Building Ben Nghe Ward -
1 District - Ho Chi Minh City - Vietnam |
|
Telephone |
|
(84-8) 3825 1424 |
|
Fax |
|
(84-8) 3825 1423 |
|
|
||
|
7.
VIETNAM BANK FOR AGRICULTURE AND RURAL DEVELOPMENT |
||
|
Address |
|
No. 714 Le Thanh Nghi Str - Hai Duong City - Hai Duong Province -
Vietnam |
|
Telephone |
|
(84-320) 3862820 |
|
Fax |
|
(84-320) 3862820 |
|
|
||
|
8.
BANGKOK BANK |
||
|
Address |
|
No. 41B Ly Thai To Str - Hoan Kiem District - Ha Noi City - Vietnam |
|
Telephone |
|
(84-4) 38260886 |
|
Fax |
|
(84-4) 38267397 |
SHAREHOLDERS
|
1.
NAME |
|
ASIA
NUTRITION TECHNOLOGIES (VN) INVESTMENT COMPANY LIMITED |
|
Business Registration |
|
293603 |
|
Date of Registration |
|
07 Sep 1998 |
|
Place of Registration |
|
British Virgin Islands |
|
Address |
|
Suit 1010A, Tower 2, China Hongkong City, 33
Canton Road, Tsimshotsui - Koowloon - Hong Kong |
|
Percentage |
|
100% |
FINANCIAL DATA
|
BALANCE
SHEET |
|||
Unit: One VND
|
|||
|
Balance sheet
date |
31/12/2010 |
31/12/2009 |
31/12/2008 |
|
Number of weeks |
52 |
52 |
52 |
|
ASSETS |
|||
|
A – CURRENT
ASSETS |
305,649,115,522 |
307,997,270,702 |
179,877,336,555 |
|
I. Cash and cash
equivalents |
90,318,289,480 |
143,393,637,838 |
54,454,448,762 |
|
1. Cash |
90,318,289,480 |
143,393,637,838 |
54,454,448,762 |
|
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 |
9,344,951,098 |
82,056,473,354 |
44,836,643,716 |
|
1. Receivable from customers |
707,788,105 |
407,127,204 |
2,327,913,949 |
|
2. Prepayments to suppliers |
104,485,700 |
146,196,500 |
174,850,000 |
|
3. Inter-company receivable |
7,721,355,307 |
79,838,148,287 |
41,002,452,557 |
|
4. Receivable according to the progress of construction |
0 |
0 |
0 |
|
5. Other receivable |
3,225,508,467 |
1,665,001,363 |
1,331,427,210 |
|
6. Provisions for bad debts |
-2,414,186,481 |
0 |
0 |
|
IV. Inventories |
201,929,375,155 |
80,417,914,442 |
78,640,789,924 |
|
1. Inventories |
201,929,375,155 |
80,417,914,442 |
78,640,789,924 |
|
2. Provisions for devaluation of inventories |
0 |
0 |
0 |
|
V. Other Current
Assets |
4,056,499,789 |
2,129,245,068 |
1,945,454,153 |
|
1. Short-term prepaid expenses |
2,048,153,749 |
1,571,050,448 |
1,685,050,594 |
|
2. VAT to be deducted |
0 |
0 |
0 |
|
3. Taxes and other accounts receivable from the State |
0 |
0 |
0 |
|
4. Other current assets |
2,008,346,040 |
558,194,620 |
260,403,559 |
|
B. LONG-TERM
ASSETS |
136,735,023,394 |
144,638,744,792 |
155,743,027,853 |
|
I. Long term
account receivable |
0 |
0 |
0 |
|
1. Long term account receivable from customers |
0 |
0 |
0 |
|
2. Working capital in affiliates |
0 |
0 |
0 |
|
3. Long-term inter-company receivable |
0 |
0 |
0 |
|
4. Other long-term receivable |
0 |
0 |
0 |
|
5. Provisions for bad debts from customers |
0 |
0 |
0 |
|
II. Fixed assets
|
126,197,195,879 |
135,239,411,568 |
145,976,165,891 |
|
1. Tangible assets |
126,017,886,090 |
134,940,901,779 |
145,762,843,102 |
|
- Historical costs |
181,762,559,253 |
178,789,344,139 |
177,744,557,408 |
|
- Accumulated depreciation |
-55,744,673,163 |
-43,848,442,360 |
-31,981,714,306 |
|
2. Financial leasehold assets |
0 |
0 |
0 |
|
- Historical costs |
0 |
0 |
0 |
|
- Accumulated depreciation |
0 |
0 |
0 |
|
3. Intangible assets |
0 |
0 |
0 |
|
- Initial costs |
0 |
0 |
0 |
|
- Accumulated amortization |
0 |
0 |
0 |
|
4. Construction-in-progress |
179,309,789 |
298,509,789 |
213,322,789 |
|
III. Investment
property |
0 |
0 |
0 |
|
Historical costs |
0 |
0 |
0 |
|
Accumulated depreciation |
0 |
0 |
0 |
|
IV. Long-term
investments |
0 |
0 |
0 |
|
1. Investments in affiliates |
0 |
0 |
0 |
|
2. Investments in business concerns and joint ventures |
0 |
0 |
0 |
|
3. Other long-term investments |
0 |
0 |
0 |
|
4. Provisions for devaluation of long-term investments |
0 |
0 |
0 |
|
V. Other
long-term assets |
10,537,827,515 |
9,399,333,224 |
9,766,861,962 |
|
1. Long-term prepaid expenses |
10,537,827,515 |
9,364,333,224 |
9,731,861,962 |
|
2. Deferred income tax assets |
0 |
0 |
0 |
|
3. Other long-term assets |
0 |
35,000,000 |
35,000,000 |
|
VI. Goodwill |
0 |
0 |
0 |
|
1. Goodwill |
0 |
0 |
0 |
|
TOTAL ASSETS |
442,384,138,916 |
452,636,015,494 |
335,620,364,408 |
|
|
|||
|
LIABILITIES |
|||
|
A- LIABILITIES |
122,524,149,494 |
125,097,889,463 |
131,482,037,261 |
|
I. Current
liabilities |
122,524,149,494 |
110,457,349,589 |
101,011,123,624 |
|
1. Short-term debts and loans |
13,275,614,625 |
15,476,818,646 |
22,185,480,224 |
|
2. Payable to suppliers |
52,848,094,568 |
38,149,319,189 |
21,469,301,473 |
|
3. Advances from customers |
0 |
0 |
0 |
|
4. Taxes and other obligations to the State Budget |
2,299,103,335 |
3,275,481,953 |
836,561,877 |
|
5. Payable to employees |
1,538,217,256 |
1,375,204,476 |
1,319,288,646 |
|
6. Accrued expenses |
38,912,351,513 |
38,474,746,377 |
36,152,266,338 |
|
7. Inter-company payable |
12,275,784,878 |
10,197,425,067 |
16,300,180,271 |
|
8. Payable according to the progress of construction contracts |
0 |
0 |
0 |
|
9. Other payable |
1,374,983,319 |
3,508,353,881 |
2,748,044,795 |
|
10. Provisions for short-term accounts payable |
0 |
0 |
0 |
|
II. Long-Term
Liabilities |
0 |
14,640,539,874 |
30,470,913,637 |
|
1. Long-term accounts payable to suppliers |
0 |
0 |
0 |
|
2. Long-term inter-company payable |
0 |
0 |
0 |
|
3. Other long-term payable |
0 |
0 |
0 |
|
4. Long-term debts and loans |
0 |
14,640,539,874 |
30,470,913,637 |
|
5. Deferred income tax payable |
0 |
0 |
0 |
|
6. Provisions for unemployment allowances |
0 |
0 |
0 |
|
7. Provisions for long-term accounts payable |
0 |
0 |
0 |
|
B- OWNER’S
EQUITY |
319,859,989,422 |
327,538,126,031 |
204,138,327,147 |
|
I. OWNER’S
EQUITY |
319,859,989,422 |
327,538,126,031 |
204,138,327,147 |
|
1. Capital |
89,600,000,000 |
89,600,000,000 |
89,600,000,000 |
|
2. Share premiums |
0 |
0 |
0 |
|
3. Other sources of capital |
0 |
0 |
0 |
|
4. Treasury stocks |
0 |
0 |
0 |
|
5. Differences on asset revaluation |
0 |
0 |
0 |
|
6. Foreign exchange differences |
0 |
0 |
0 |
|
7. Business promotion fund |
0 |
0 |
0 |
|
8. Financial reserved fund |
0 |
0 |
0 |
|
9. Other funds |
0 |
0 |
0 |
|
10. Retained earnings |
230,259,989,422 |
237,938,126,031 |
114,538,327,147 |
|
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 |
0 |
|
3. Fund to form fixed assets |
0 |
0 |
0 |
|
MINORITY’S
INTEREST |
0 |
0 |
0 |
|
TOTAL
LIABILITIES AND OWNER’S EQUITY |
442,384,138,916 |
452,636,015,494 |
335,620,364,408 |
|
PROFIT
& LOSS STATEMENT |
|||
|
|
|||
|
Description |
FY2010 |
FY2009 |
FY2008 |
|
1. Total Sale |
1,369,795,281,155
|
1,061,278,043,256
|
1,266,262,489,619
|
|
2. Deduction item |
92,065,702,980 |
914,776,755 |
775,192,000 |
|
3. Net sale |
1,277,729,578,175
|
1,060,363,266,501
|
1,265,487,297,619
|
|
4. Costs of goods sold |
1,115,869,811,820 |
876,255,751,335 |
1,079,923,171,340 |
|
5. Gross profit |
161,859,766,355 |
184,107,515,166 |
185,564,126,279 |
|
6. Financial income |
0 |
2,238,312,082 |
2,243,592,179 |
|
7. Financial expenses |
0 |
4,599,652,247 |
36,336,152,053 |
|
- In which: Loan interest expenses |
0 |
0 |
0 |
|
8. Selling expenses |
16,740,352,418 |
23,538,059,336 |
32,141,562,955 |
|
9. Administrative overheads |
14,615,220,156 |
8,064,310,529 |
7,915,054,819 |
|
10. Net operating profit |
130,504,193,781 |
150,143,805,136 |
111,414,948,631 |
|
11. Other income |
3,268,449,297 |
986,646,062 |
1,621,683,950 |
|
12. Other expenses |
1,251,428,660 |
-2,371,439,734 |
0 |
|
13. Other profit /(loss) |
2,017,020,637 |
-1,384,793,672 |
1,621,683,950 |
|
14. Total accounting profit before tax |
132,521,214,418 |
148,759,011,464 |
113,036,632,581 |
|
15. Current corporate income tax |
6,626,060,721 |
7,556,522,560 |
0 |
|
16. Deferred corporate income tax |
0 |
0 |
0 |
|
17. Interest from subsidiaries/related companies |
0 |
0 |
0 |
|
18. Profit after tax |
125,895,153,697 |
141,202,488,904 |
113,036,632,581 |
|
FINANCIAL RATIOS
AND AVERAGE INDUSTRY RATIOS |
||||
|
|
||||
|
Description |
FY2010 |
FY2009 |
FY2008 |
Average Industry |
|
Current liquidity ratio |
2.49 |
2.79 |
1.78 |
1.47 |
|
Quick liquidity ratio |
0.85 |
2.06 |
1.00 |
0.70 |
|
Inventory circle |
5.53 |
11.02 |
13.73 |
8.31 |
|
Average receive period |
2.67 |
28.25 |
12.93 |
28.57 |
|
Utilizing asset performance |
2.89 |
2.34 |
3.77 |
2.64 |
|
Liability by total asset |
27.70 |
27.64 |
39.18 |
58.07 |
|
Liability by owner equity |
38.31 |
38.19 |
64.41 |
182.19 |
|
Ebit / Total asset (ROA) |
29.96 |
32.87 |
33.68 |
10.02 |
|
Ebit / Owner's equity (ROE) |
41.43 |
45.42 |
55.37 |
25.93 |
|
Ebit / Total sale (NPM) |
9.67 |
14.02 |
8.93 |
3.82 |
|
Gross profit / Total sale (GPM)
|
11.82 |
17.35 |
14.65 |
8.54 |
|
Note: The Average Industry was calculated by Vietnam Credit based on our
owned statistical data |
||||
PAYMENT HISTORY & PERFORMANCE
EXPERIENCES
|
Trade Morality |
|
Good |
|
Liquidity |
|
High |
|
Payment status |
|
Above Average |
|
Financial Situation |
|
Above Average |
|
Development trend |
|
Positive |
|
Litigation data |
|
No Record |
|
Bankruptcy |
|
No Record |
|
Payment Methods |
|
L/C and D/P |
|
Sale Methods |
|
Wholesaler |
|
Public opinion |
|
Excellent |
INTERPRETATION ON THE SCORES
|
ANT
(HN) was managed by ASIA NUTRITION TECHNOLOGIES (VN) INVESTMENT COMPANY
LIMITED. The company was founded in 2003 according to the Investment
Certificate No. 30/GP-HD by People’s Committee of Hai Duong
Province and officially operated in the third quarter of 2004,
Currently, the subject operates under Investment
Certificate No 041043000033 with total
investment capital is USD 14 million. The
subject specializes in feed manufacturing industry, especially for pig,
poultry and shrimp. Its main brand names are NUPAK, DACHAN, REDSTAR, NUHI.
Its products are distributed in Northern provinces and Middle provinces of
Vietnam. ANT (HN) has two stocks. Its activities are fairly busy. The subject
has design capacity of 18,000 tons per month. At the moment, the average
production and sales are 16,000 tons and 15,000 tons per month respectively. ANT
(HN) was supported much on management capacity, trademark, material source,
etc. Asia Nutrition Technologies (VN) Investment Company Limited invested its
capital to establish in Vietnam 3 factories in Hai Duong, Dong Nai, Long An
provinces. These subsidiaries have relation in business. The subject was
operated officially in the third quarter of 2004. In
2010, producing of feed animal industry has met some difficulties. The
biggest difficulty is a decrease in purchasing power due to epidemic
diseases, which showed in financial
report, accounts receivable much lower and Inventories much higher
than those in 2009. Concretely, accounts receivable from VND 82 billion go
down to VND 9 billion while inventories from VND 80 billion reach to VND 201
billion. Nowadays, almost of materials source serve in producing of feed
animal such as soybeans, maize, mineral substance, etc have been imported. So
affected by the fluctuation of foreign exchange, production cost of the
subject sharply increase in 2010 compare with 2009, which is manifested in
the decrease of gross profit margin. However operation result of the subject
is fairly good and much higher than average industry. This show a bright future prospect for the subject. In
general, the subject now operates fairly effectively. Its financial situation
is relatively strong. It has capacity to meet all financial commitments. |
APPENDIXES
|
INDUSTRY DATA |
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|
|
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|
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 |
|
|
|
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|
ECONOMIC
INDICATORS |
||||||
|
|
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|
|
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.44.85 |
|
UK Pound |
1 |
Rs.73.29 |
|
Euro |
1 |
Rs.64.89 |
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.