MIRA INFORM REPORT
|
Report Date : |
29.11.2011 |
IDENTIFICATION DETAILS
|
Name : |
AN DAI VIET JOINT STOCK COMPANY |
|
|
|
|
Registered Office : |
28 Mac Dinh Chi Street, Da Kao Ward , 1
District, Ho Chi Minh City |
|
|
|
|
Country : |
Vietnam |
|
|
|
|
Financials (as on) : |
31.12.2010 |
|
|
|
|
Year of Establishment : |
1976 |
|
|
|
|
Com. Reg. No.: |
0300587759 |
|
|
|
|
Legal Form : |
Joint Stock Company |
|
|
|
|
Line of Business : |
Export of rice and agricultural
products |
|
|
|
|
No. of Employees
: |
50 Persons |
RATING & COMMENTS
|
MIRA’s Rating : |
B |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
|
Status : |
Moderate |
|
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 – September 30th, 2011
|
Country Name |
Previous Rating (30.06.2011) |
Current Rating (30.09.2011) |
|
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 |
|
AN DAI VIET JOINT STOCK COMPANY |
|
Vietnamese Name |
|
CONG TY CO PHAN AN DAI VIET |
|
Trade name |
|
AN DAI VIET JOINT STOCK COMPANY |
|
Short name |
|
ANDAVI JSC |
|
Type of Business |
|
Joint stock company |
|
Year Established |
|
1976 |
|
Business Registration No. |
|
0300587759 |
|
Date of Registration |
|
29 Sep 2009 |
|
Place of Registration |
|
Planning and Investment Department of
Hochiminh City |
|
Current registered capital |
|
23,000,000,000 VND |
|
Status |
|
Unlisted |
|
Tax code |
|
0300587759 |
|
Total Employees |
|
50 |
Historical Identification
& Legal form
|
The
Former Legal of Subject |
||
|
English Name |
|
ANIMAL
HUSBANDRY MATERIAL SUPPLY JOINT STOCK COMPANY |
|
Vietnamese Name |
|
CONG TY CO PHAN VAT TU VA GIONG GIA SUC |
|
Former Type of Business |
|
Joint Stock
Company |
|
Business Registration No. |
|
4103004125 |
|
Date of Registration |
|
12 Dec 2005 |
|
Place of Registration |
|
Planning and Investment Department of
Hochiminh City |
|
Registered capital |
|
23,000,000,000 VND |
|
Parent Company |
|
Vietnam National Livestock Corporation |
|
|
||
|
The Former Legal of Subject |
|
|
|
English Name |
|
ANIMAL HUSBANDRY MATERIAL SUPPLY COMPANY |
|
Vietnamese Name |
|
CONG TY VAT TU VA GIONG GIA SUC |
|
Type of Business |
|
State Owned Company |
|
Founded |
|
1999 |
|
Business
Registration No. |
|
2253 QD / BNN-TCCB |
|
Parent Company |
|
Vietnam National Livestock Corporation |
|
|
||
|
The Former Legal of Subject |
||
|
Vietnamese Name |
|
CONG TY CUNG UNG VAT TU CHAN NUOI |
|
Type of Business |
|
State Owned Company |
|
Founded |
|
1993 |
|
Business
Registration No. |
|
355
NN-TC-QĐ |
|
Parent Company |
|
Vietnam National Livestock Corporation |
|
|
||
|
The
Orignal Legal of Subject |
||
|
Vietnamese
Name |
|
CONG TY CHAN NUOI VA THUC AN GIA SUC |
|
Type of Business |
|
State Owned Company |
|
Founded |
|
1989 |
|
Business
Registration No. |
|
62 NN-TC-QĐ |
|
Parent Company |
|
Vietnam National Livestock Corporation |
|
|
||
|
The Former Legal of Subject |
||
|
Vietnamese Name |
|
CONG TY THUC AN CHAN NUOI II |
|
Type of Business |
|
State Owned Company |
|
Founded |
|
1985 |
|
Business
Registration No. |
|
75 NN-TC-QĐ |
|
Parent Company |
|
Vietnam National Livestock Corporation |
|
|
||
|
The
Orignal Legal of Subject |
||
|
Vietnamese
Name |
|
CONG TY THUC AN CHAN NUOI TRUNG UONG |
|
Type of Business |
|
State Owned Company |
|
Founded |
|
1976 |
|
Business
Registration No. |
|
218
NN-TC-QĐ |
|
Parent Company |
|
Vietnam National Livestock Corporation |
company ADDRESSES
|
Head Office |
||
|
Address |
|
28 Mac Dinh Chi Street, Da Kao Ward , 1
District, Ho Chi Minh City, Vietnam |
|
Telephone |
|
(84-8) 3823 4774 – 3829 0034 – 3827 2429 –
3829 8633 |
|
Fax |
|
(84-8) 3829 8698 |
|
Email |
|
|
|
Website |
|
|
|
|
||
|
Branch in Ho Chi
Minh |
||
|
Address |
|
289 Binh Dong Street, Ward 14 , 8
District, Ho Chi Minh City, Vietnam |
|
Notes:
Storage Vita |
||
|
|
||
|
Branch in Ho Chi
Minh |
||
|
Address |
|
458 Cach Mang Thang Tam Street, Ward 4 ,
Tan Binh District, Ho Chi Minh City, Vietnam |
|
Notes:
Storage Tan Son Nhat |
||
|
|
||
|
Branch in Bac
Lieu |
||
|
Address |
|
Hamlet 5, Ho Phong Town , Gia Rai
District, Bac Lieu Province, Vietnam |
|
Notes:
Storage Bac Lieu |
||
|
|
||
|
Branch in An
Giang |
||
|
Address |
|
Dinh Thanh Commune , Thoai Son District,
An Giang Province, Vietnam |
|
Notes:
Storage Dinh Thanh |
||
DIRECTORS
|
1.
NAME |
|
Mr.
HA MINH NHAT |
|
Position |
|
Chairman and General Director |
|
Date of Birth |
|
01 Jan 1975 |
|
ID Number/Passport |
|
B1597336 |
|
Resident |
|
218/P310 Nguyen Dinh
Chieu Street, Ward 6 , 3 District, Ho Chi Minh City, Vietnam |
|
Nationality |
|
Vietnamese |
|
Qualification |
|
Management |
|
|
||
|
2.
NAME |
|
Mr.
LAM THANH KIET |
|
Position |
|
Deputy General Director - Member of BOD |
|
Nationality |
|
Vietnamese |
|
Qualification |
|
Management |
|
|
||
|
3.
NAME |
|
Mr.
TRAN QUANG BAO |
|
Position |
|
Chief Accountant |
|
Nationality |
|
Vietnamese |
|
Qualification |
|
Bachelor of Economic |
|
|
||
|
4.
NAME |
|
Ms.
DANG THI THUY NGAN |
|
Position |
|
Vice chairwoman |
|
Date of Birth |
|
25 May 1952 |
|
ID Number/Passport |
|
020035665 |
|
ID Issue Date |
|
22 May 1999 |
|
ID Issue Place |
|
Police Station of
Hochiminh City |
|
Resident |
|
67/40 Dinh Tien Hoang
Str, Ward 3, Binh Thanh District, Ho Chi Minh City, Vietnam |
|
Nationality |
|
Vietnamese |
BUSINESS NATURE AND ACTIVITIES
|
The subject registers and
operates in the following business activities: Ř
Business feed ingredients such as soybean meal, dried
peanut oil, rice bran, wheat bran, corn ... all biological products,
additives, auxiliary materials and chemicals for livestock sector Ř
Export of rice and agricultural products Ř
Trading
vehicle Ř
Business
property, for rent warehouse, consulting services, real estate auctions |
IMPORT & EXPORT ACTIVITIES
|
IMPORT: |
||
|
·
Types of products |
|
Materials |
|
·
Market |
|
Canada, E.U, India, Argentina, China, and USA |
|
|
||
|
EXPORT: |
||
|
·
Types of products |
|
Rice and agricultural products |
|
·
Market |
|
Philipines, Thailand, Cambodia... |
BANKERS
|
1.
BANK FOR INVESTMENT AND DEVELOPMENT OF VIETNAM TAY SAI GON BRANCH |
||
|
Address |
|
No.2-4-6 plot C str,Tan Tao industrial park, Binh Tan District, Ho Chi
Minh City, Vietnam |
|
Telephone |
|
(84-8) 37505376 |
|
|
||
|
2.
SAIGON THUONG TIN COMMERCIAL JOINT STOCK BANK |
||
|
Address |
|
No. 266-268 Nam Ky Khoi Nghia Street, Ward 8, 3 District, Ho Chi Minh
City, Vietnam |
|
Telephone |
|
(84-8) 39320420 /39320643 |
|
Fax |
|
(84-8) 39322488 |
|
SWIFT Code |
|
SGTTVNVX |
|
|
||
|
3.
VIET NAM BANK FOR AGRICULTURE AND RURAL DEVELOPMENT HOCHIMINH CITY BRANCH |
||
|
Address |
|
No. 50 Ben Chuong Duong Street, 1 District, Ho Chi Minh City, Vietnam |
|
Telephone |
|
(84-8) 38222752 - 38295434 |
|
Fax |
|
(84-8) 38294063 |
|
SWIFT Code |
|
VBAAVNVX |
|
|
||
SHAREHOLDERS
|
1.
NAME |
|
Mr.
DO NHU UAN |
|
ID Number/Passport |
|
024111003 |
|
Resident |
|
1C/22 Au Co Str, Ward 14, Tan Binh
District, Ho Chi Minh City, Vietnam |
|
Nationality |
|
Vietnamese |
|
Value of shares |
|
158,500,000 VND |
|
Percentage |
|
0.689% |
|
|
||
|
2.
NAME |
|
Mr.
NGUYEN VU TRONG TUONG |
|
ID Number/Passport |
|
361331138 |
|
Resident |
|
95/57 Dinh Tien Hoang Str, Ward 3, Binh
Thanh District, Ho Chi Minh City, Vietnam |
|
Nationality |
|
Vietnamese |
|
Value of shares |
|
62,200,000 VND |
|
Percentage |
|
0.27% |
|
|
||
|
3.
NAME |
|
STATE
OWNED SHARES |
|
Value of shares |
|
14,586,600,000 VND |
|
Percentage |
|
63.42% |
|
|
||
|
4.
NAME |
|
Other
168 shareholders |
|
Value of shares |
|
8,192,700,000 VND |
|
Percentage |
|
35.62% |
FINANCIAL DATA
|
|
|||
Unit: One VND
|
|||
|
Balance sheet
date |
31/12/2010 |
31/12/2009 |
31/12/2008 |
|
Number of weeks |
52 |
52 |
52 |
|
|
|||
|
A – CURRENT
ASSETS |
132,233,809,648 |
113,203,000,000 |
125,525,000,308 |
|
I. Cash and cash
equivalents |
5,824,351,822 |
676,000,000 |
7,133,831,521 |
|
1. Cash |
5,824,351,822 |
110,000,000 |
7,133,831,521 |
|
2. Cash equivalents |
0 |
566,000,000 |
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 |
91,558,914,005 |
87,079,000,000 |
109,649,256,822 |
|
1. Receivable from customers |
58,207,494,457 |
47,404,000,000 |
79,816,534,934 |
|
2. Prepayments to suppliers |
4,559,885,891 |
4,647,000,000 |
4,119,670,811 |
|
3. Inter-company receivable |
0 |
0 |
0 |
|
4. Receivable according to the progress of construction |
0 |
0 |
0 |
|
5. Other receivable |
30,791,533,657 |
35,028,000,000 |
25,713,051,077 |
|
6. Provisions for bad debts |
-2,000,000,000 |
0 |
0 |
|
IV. Inventories |
27,324,546,107 |
10,184,000,000 |
3,815,391,125 |
|
1. Inventories |
27,324,546,107 |
10,184,000,000 |
3,815,391,125 |
|
2. Provisions for devaluation of inventories |
0 |
0 |
0 |
|
V. Other Current
Assets |
7,525,997,714 |
15,264,000,000 |
4,926,520,840 |
|
1. Short-term prepaid expenses |
0 |
0 |
0 |
|
2. VAT to be deducted |
1,421,085,934 |
677,000,000 |
1,289,765,140 |
|
3. Taxes and other accounts receivable from the State |
0 |
0 |
0 |
|
4. Other current assets |
6,104,911,780 |
14,587,000,000 |
3,636,755,700 |
|
B. LONG-TERM
ASSETS |
43,925,481,198 |
40,679,000,000 |
38,631,972,186 |
|
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
|
43,925,481,198 |
40,679,000,000 |
38,631,972,186 |
|
1. Tangible assets |
356,834,993 |
509,000,000 |
446,811,751 |
|
- Historical costs |
4,507,554,930 |
4,492,000,000 |
4,322,463,973 |
|
- Accumulated depreciation |
-4,150,719,937 |
-3,983,000,000 |
-3,875,652,222 |
|
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 |
43,568,646,205 |
40,170,000,000 |
38,185,160,435 |
|
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 |
0 |
0 |
0 |
|
1. Long-term prepaid expenses |
0 |
0 |
0 |
|
2. Deferred income tax assets |
0 |
0 |
0 |
|
3. Other long-term assets |
0 |
0 |
0 |
|
VI. Goodwill |
0 |
|
|
|
1. Goodwill |
0 |
|
|
|
TOTAL ASSETS |
176,159,290,846 |
153,882,000,000 |
164,156,972,494 |
|
|
|||
|
LIABILITIES |
|||
|
A- LIABILITIES |
147,907,848,588 |
128,861,000,000 |
140,024,058,624 |
|
I. Current
liabilities |
99,314,478,256 |
102,648,000,000 |
113,621,309,260 |
|
1. Short-term debts and loans |
95,243,249,189 |
78,650,000,000 |
86,964,053,535 |
|
2. Payable to suppliers |
900,442,795 |
681,000,000 |
5,110,813,087 |
|
3. Advances from customers |
201,319,646 |
1,936,000,000 |
178,740,609 |
|
4. Taxes and other obligations to the State Budget |
2,603,823,347 |
1,307,000,000 |
1,739,227,062 |
|
5. Payable to employees |
123,749,431 |
499,000,000 |
41,212,090 |
|
6. Accrued expenses |
0 |
0 |
24,664,518 |
|
7. Inter-company payable |
0 |
0 |
0 |
|
8. Payable according to the progress of construction contracts |
0 |
0 |
0 |
|
9. Other payable |
241,893,848 |
19,575,000,000 |
19,562,598,359 |
|
10. Provisions for short-term accounts payable |
0 |
0 |
0 |
|
II. Long-Term
Liabilities |
48,593,370,332 |
26,213,000,000 |
26,402,749,364 |
|
1. Long-term accounts payable to suppliers |
0 |
0 |
0 |
|
2. Long-term inter-company payable |
0 |
0 |
0 |
|
3. Other long-term payable |
48,381,404,769 |
26,040,000,000 |
26,233,896,103 |
|
4. Long-term debts and loans |
0 |
0 |
0 |
|
5. Deferred income tax payable |
0 |
0 |
0 |
|
6. Provisions for unemployment allowances |
211,965,563 |
173,000,000 |
168,853,261 |
|
7. Provisions for long-term accounts payable |
0 |
0 |
0 |
|
B- OWNER’S
EQUITY |
28,251,442,258 |
25,021,000,000 |
24,132,913,870 |
|
I. OWNER’S
EQUITY |
28,251,644,832 |
24,846,000,000 |
23,912,461,171 |
|
1. Capital |
23,000,000,000 |
23,000,000,000 |
23,000,000,000 |
|
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 |
1,411,269,426 |
1,411,000,000 |
726,759,392 |
|
8. Financial reserved fund |
368,140,077 |
368,000,000 |
185,701,779 |
|
9. Other funds |
0 |
67,000,000 |
0 |
|
10. Retained earnings |
3,472,235,329 |
0 |
0 |
|
11. Construction investment fund |
0 |
0 |
0 |
|
II. Other
sources and funds |
-202,574 |
175,000,000 |
220,452,699 |
|
1. Bonus and welfare funds |
-202,574 |
175,000,000 |
220,452,699 |
|
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 |
176,159,290,846 |
153,882,000,000 |
164,156,972,494 |
|
|
|
PROFIT
& LOSS STATEMENT |
|||
|
|
|||
|
Description |
FY2010 |
FY2009 |
FY2008 |
|
1. Total Sale |
490,628,347,665 |
622,391,000,000 |
454,870,141,025 |
|
2. Deduction item |
0 |
814,000,000 |
686,730,133 |
|
3. Net revenue |
490,628,347,665 |
621,577,000,000 |
454,183,410,892 |
|
4. Costs of goods sold |
456,412,171,040 |
601,398,000,000 |
436,577,320,141 |
|
5. Gross profit |
34,216,176,625 |
20,179,000,000 |
17,606,090,751 |
|
6. Financial income |
5,127,600,261 |
16,318,000,000 |
17,639,786,988 |
|
7. Financial expenses |
12,762,401,819 |
12,026,000,000 |
16,672,875,951 |
|
- In which: Loan interest expenses |
10,486,951,041 |
9,129,000,000 |
12,302,473,819 |
|
8. Selling expenses |
13,248,022,806 |
13,574,000,000 |
6,585,156,543 |
|
9. Administrative overheads |
10,818,935,309 |
8,103,000,000 |
10,877,534,764 |
|
10. Net operating profit |
2,514,416,952 |
2,794,000,000 |
1,110,310,481 |
|
11. Other income |
2,161,719,443 |
2,074,000,000 |
2,310,363,237 |
|
12. Other expenses |
3,248,438 |
155,000,000 |
26,437,263 |
|
13. Other profit /(loss) |
2,158,471,005 |
1,919,000,000 |
2,283,925,974 |
|
14. Total accounting profit before tax |
4,672,887,957 |
4,713,000,000 |
3,394,236,455 |
|
15. Current corporate income tax |
1,200,652,628 |
1,065,000,000 |
1,101,006,249 |
|
16. Deferred corporate income tax |
0 |
320,000,000 |
0 |
|
17. Interest from subsidiaries/related companies |
0 |
|
|
|
18. Profit after tax |
3,472,235,329 |
3,968,000,000 |
2,293,230,206 |
|
FINANCIAL RATIOS
AND AVERAGE INDUSTRY RATIOS |
||||
|
|
||||
|
Description |
FY2010 |
FY2009 |
FY2008 |
Average Industry |
|
Current liquidity ratio |
1.33 |
1.10 |
1.10 |
1.47 |
|
Quick liquidity ratio |
1.06 |
1.00 |
1.07 |
0.70 |
|
Inventory circle |
16.70 |
59.05 |
32.41 |
8.31 |
|
Average receive period |
68.11 |
51.13 |
88.12 |
28.57 |
|
Utilizing asset performance |
2.79 |
4.04 |
2.77 |
2.64 |
|
Liability by total asset |
83.96 |
83.74 |
85.30 |
58.07 |
|
Liability by owner equity |
523.54 |
515.01 |
580.22 |
182.19 |
|
Ebit / Total asset (ROA) |
8.61 |
9.00 |
9.56 |
10.02 |
|
Ebit / Owner's equity (ROE) |
53.66 |
55.32 |
65.04 |
25.93 |
|
Ebit / Total revenue (NPM) |
3.09 |
2.22 |
3.45 |
3.82 |
|
Gross profit / Total revenue (GPM) |
6.97 |
3.24 |
3.87 |
8.54 |
|
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 |
|
Even |
|
Litigation data |
|
No |
|
Bankruptcy |
|
No |
|
Payment Methods |
|
Directly payment or through its corresponding banks, L/C, T/T |
|
Sale Methods |
|
Retailer |
INTERPRETATION ON THE SCORES
|
ANDAVI JSC is a joint stock company which is
operating under business registration No. 0300587759 and 23 billion VND
capitals now. |
APPENDIXES
|
INDUSTRY DATA |
||||||
|
|
||||||
|
Industry code |
Growth speed by
price compared with 1994 (%) |
Total
enterprises 2009 |
Total employees
2010 (Thous.pers.) |
Annual average
capital of enterprises 2009 (billion dongs) |
||
|
2010 |
2009 |
|||||
|
Agriculture,
Forestry and Fishing |
2.78 |
1.82 |
8,749 |
23,896.3 |
81,559 |
|
|
Industry and
Construction |
7.70 |
5.52 |
85,115 |
10,630 |
2,751,975 |
|
|
Trade and
Services |
7.52 |
6.63 |
154,978 |
14,522 |
4,939,069 |
|
|
|
||||||
|
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 |
72.2 |
57.1 |
62.7 |
|||
|
Imports |
84.8 |
69.9 |
80.7 |
|||
|
Trade Balance |
-12.6 |
-12.8 |
-18 |
|||
Source: General
Statistics Office
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.51.98 |
|
UK Pound |
1 |
Rs.80.59 |
|
Euro |
1 |
Rs.69.12 |
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.