MIRA
INFORM REPORT
|
Report Date : |
21.10.2011 |
IDENTIFICATION DETAILS
|
Name : |
CASTROL BP PETCO LIMITED LIABILITY COMPANY |
|
|
|
|
Registered Office : |
7th Floor Central Plaza Office Building, 17 Le Duan Street – District 1 – Ho Chi Minh
City |
|
|
|
|
Country : |
Vietnam |
|
|
|
|
Financials (as on) : |
31.12.2010 |
|
|
|
|
Year of Establishment : |
1991 |
|
|
|
|
Legal Form : |
Limited liability company (Foreign Invested Company) |
|
|
|
|
Line of Business : |
Manufacturing and trading all kinds of lubricating oil, insulating oil and LPG. |
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 – September 30, 2011
|
Country Name |
Previous Rating (30.06.2011) |
Current Rating (30.09.2011) |
|
Viet Nam |
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
|
||
|
Registered English Name |
|
CASTROL BP PETCO LIMITED LIABILITY COMPANY |
|
Registered Vietnamese Name |
|
CONG TY TNHH CASTROL BP PETCO |
|
Trade name |
|
CASTROL BP PETCO CO., LTD |
|
Type of Business |
|
Limited liability company (Foreign
Invested Company) |
|
Year Established |
|
1991 |
|
Investment Certificate No. |
|
411022000138 |
|
Date of Registration |
|
01 Nov 2007 |
|
Date of 04th adjustment |
|
03 Jul 2010 |
|
Date of 05th adjustment |
|
19 Mar 2011 |
|
Place of Registration |
|
People’s Committee of Ho Chi Minh City |
|
Registered Investment Capital |
|
59,511,926 USD |
|
Chartered capital |
|
32,402,638 USD |
|
Investment Duration |
|
30 years |
|
Tax code |
|
0300695803 |
|
Total Employees |
|
300 |
Historical Identification & Legal form
|
List |
Changed Items |
Date of changes |
|
1 |
Subject has got former Investment Certificate
No: 242/GP which was issued on 23 Sep 1991 by Ministry of Planning and
Investment Changed to: 411022000138 |
01
Nov 2007 |
|
|
||
ADDRESSES
|
||
|
|
||
|
Head Office |
||
|
Address |
|
7th Floor Central Plaza Office Building, 17 Le Duan Street
– District 1 – Ho Chi Minh City – Vietnam |
|
Telephone |
|
(84-8) 3821 9596 |
|
Fax |
|
(84-8) 3821 9601 |
|
Website |
|
|
|
Note: The given phone line is not contact line of
the office; it is contact line of factory. The given name (Ms. Tran Thi Bich Phung) is
only a Purchasing Executive of this company |
||
|
Factory Address |
||
|
Address |
|
Nha Be Grand Terminal Huynh Tan Phat
Street – Nha Be District – Ho Chi Minh City – Vietnam |
|
Telephone |
|
(84-8) 3873 8337 |
|
Fax |
|
(84-8) 3873 8336 |
|
|
||
|
Representative
Office in Ha Noi |
||
|
Address |
|
No. 49 Hai Ba Trung Street – Hoan Kiem
District – Ha Noi City – Vietnam |
|
Telephone |
|
(84-4) 3934 2238 |
|
Fax |
|
(84-4) 3934 2239 |
|
Manager |
|
Mr. MIKE JOHNSON |
|
|
||
DIRECTORS
|
||
|
|
||
|
1.
NAME |
|
Mr.
LE VAN DUNG |
|
Position |
|
General Director |
|
Date of birth |
|
12 Oct 1962 |
|
ID Number/Passport |
|
B0036229 |
|
Issued on |
|
21 May 2005 |
|
Current Resident |
|
77 Nui Truc Street –
Kim Ma Ward – Ba Dinh District – Ha Noi City – Vietnam |
|
Nationality |
|
Vietnamese |
|
|
||
|
2.
NAME |
|
Mr.
TRAN KY HANH |
|
Position |
|
Deputy General Director |
|
Current Resident |
|
Ho Chi Minh City –
Vietnam |
|
Nationality |
|
Vietnamese |
|
Qualification |
|
Bachelor |
|
|
||
|
3.
NAME |
|
Mr.
NGUYEN VAN CHUONG |
|
Position |
|
Sales Manager |
|
Current Resident |
|
Ho Chi Minh City –
Vietnam |
|
Nationality |
|
Vietnamese |
|
Qualification |
|
Bachelor |
|
|
||
|
4.
NAME |
|
Mr.
LE QUOC VIET |
|
Position |
|
Head of Marketing Department |
|
Current Resident |
|
Ho Chi Minh City –
Vietnam |
|
Nationality |
|
Vietnamese |
|
Email |
|
|
|
Qualification |
|
Bachelor |
|
|
||
|
5.
NAME |
|
Mr.
NGUYEN NGOC KHOI |
|
Position |
|
Financial Manager |
|
Current Resident |
|
Ho Chi Minh City –
Vietnam |
|
Nationality |
|
Vietnamese |
|
|
||
BUSINESS NATURE AND ACTIVITIES
|
|
|
|
The
subject registers and operates in the following lines of business: manufacturing
and trading all kinds of lubricating oil, insulating oil and LPG. |
|
|
|
IMPORT & EXPORT ACTIVITIES |
||
|
|
||
|
IMPORT: |
||
|
·
Types of products |
|
Materials |
|
·
Market |
|
Britain, European countries, Malaysia and Asian countries |
|
|
||
|
EXPORT: |
||
|
·
Types of products |
|
Products, grease |
|
·
Market |
|
China, Malaysia, Cambodia, and Laos |
|
|
BANKERS
|
|
||
|
1.
CITI BANK |
||
|
Address |
|
No. 115 Nguyen Hue Street, Ben Nghe Ward – District 1 – Ho Chi Minh City
– Vietnam |
|
Telephone |
|
(84-8) 3824 2118 |
|
Fax |
|
(84-8) 3824 2267 |
|
|
||
|
2.
HONGKONG SHANGHAI BANK CORPORATION (HSBC) – HO CHI MINH BRANCH |
||
|
Address |
|
6th Floor, No. 235 Dong Khoi Street, Ben Nghe ward – District
1 – Ho Chi Minh City – Vietnam |
|
Telephone |
|
(84-8) 3829 2288 |
|
SWIFT Code |
|
HSBCVNVX |
|
|
||
|
3.
STANDARD CHARTERED BANK |
||
|
Address |
|
No.2 Ngo Duc Ke Street, Ben Nghe Ward – District 1 – Ho Chi Minh City
– Vietnam |
|
Telephone |
|
(84-8) 3829 9226 |
|
Fax |
|
(84-8) 3829 6465 |
|
SWIFT Code |
|
SCBLVNVX |
|
|
||
SHAREHOLDERS
|
||
|
|
||
|
1.
NAME |
|
VIETNAM
NATIONAL PETROLEUM CORPORATION |
|
Business Registration |
|
0106001024 |
|
Date of Registration |
|
22 Oct 2008 |
|
Place of Registration |
|
Hanoi Department of Planning and Investment |
|
Registered Capital |
|
1,432,775,000,000 VND |
|
Tax code |
|
0100107370 |
|
Address |
|
No.1 Kham Thien Street – Dong Da District – Ha
Noi City – Vietnam |
|
Tel |
|
(84-4) 38512603 |
|
Fax |
|
(84-4) 38519203/ 38512902/ 38512410 |
|
Website |
|
www.petrolimex.com.vn |
|
Represented by |
|
Mr. BUI NGOC BAO |
|
Date of birth |
|
19 Apr 1958 |
|
I.D |
|
011430938 |
|
Issued on |
|
03 Dec 2004 |
|
Place of Issue |
|
Ha Noi- Vietnam |
|
Resident |
|
01 Kham thien Street- Dong Da district- Ha Noi city |
|
Value of shares |
|
11,338,279 USD |
|
Percentage |
|
35% |
|
|
||
|
2.
NAME |
|
BP
OIL VIETNAM LIMITED |
|
Business Registration |
|
567280 |
|
Date of Registration |
|
08 Jun 1956 |
|
Address |
|
Chertse Road – Sunbury on Thames, Sunbury,
Middlesex TW16 7BP – United Kingdom |
|
Represented by |
|
Mr. KEITH COOPER HALES |
|
Date of birth |
|
20 Feb 1957 |
|
Passport |
|
450166936 |
|
Issued on |
|
30 Nov 2004 |
|
Place of Issue |
|
Republic of
South Africa |
|
Resident |
|
25 Claymore Road, #23-01 The Claymore, Singapore 229543 |
|
Value of shares |
|
19,141,056 USD |
|
Percentage |
|
59% |
|
|
||
|
3.
NAME |
|
CASTROL
LIMITED |
|
Business Registration |
|
149435 |
|
Date of Registration |
|
23 Jan 1918 |
|
Address |
|
Wakefield House, Pipers Way, Swindon
Wiltshire - England SN3 1RE |
|
Represented by |
|
Mr. KEITH COOPER HALES |
|
Date of birth |
|
20 Feb 1957 |
|
Passport |
|
450166936 |
|
Issued on |
|
30 Nov 2004 |
|
Place of Issue |
|
Republic of
South Africa |
|
Resident |
|
25 Claymore Road, #23-01 The Claymore, Singapore 229543 |
|
Value of shares |
|
1,923,303 USD |
|
Percentage |
|
6% |
|
|
||
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 |
1,015,652,144,496
|
782,418,000,000 |
586,203,000,000 |
|
I. Cash and cash
equivalents |
609,993,335,064 |
363,107,000,000 |
142,885,000,000 |
|
1. Cash |
267,993,335,064 |
52,107,000,000 |
101,885,000,000 |
|
2. Cash equivalents |
342,000,000,000 |
311,000,000,000 |
41,000,000,000 |
|
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 |
120,684,633,293 |
86,564,000,000 |
90,416,000,000 |
|
1. Receivable from customers |
81,632,125,073 |
72,657,000,000 |
78,053,000,000 |
|
2. Prepayments to suppliers |
0 |
0 |
385,000,000 |
|
3. Inter-company receivable |
0 |
0 |
0 |
|
4. Receivable according to the progress of construction |
0 |
0 |
0 |
|
5. Other receivable |
39,695,515,464 |
14,339,000,000 |
17,954,000,000 |
|
6. Provisions for bad debts |
-643,007,244 |
-432,000,000 |
-5,976,000,000 |
|
IV. Inventories |
277,925,863,372 |
325,642,000,000 |
327,130,000,000 |
|
1. Inventories |
278,723,261,007 |
328,159,000,000 |
328,458,000,000 |
|
2. Provisions for devaluation of inventories |
-797,397,635 |
-2,517,000,000 |
-1,328,000,000 |
|
V. Other Current
Assets |
7,048,312,767 |
7,105,000,000 |
25,772,000,000 |
|
1. Short-term prepaid expenses |
2,073,310,957 |
1,845,000,000 |
5,955,000,000 |
|
2. VAT to be deducted |
4,975,001,810 |
5,260,000,000 |
18,568,000,000 |
|
3. Taxes and other accounts receivable from the State |
0 |
0 |
0 |
|
4. Other current assets |
0 |
0 |
1,249,000,000 |
|
B. LONG-TERM
ASSETS |
174,632,186,185 |
195,198,000,000 |
245,146,000,000 |
|
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
|
146,974,855,919 |
168,780,000,000 |
216,079,000,000 |
|
1. Tangible assets |
114,909,088,922 |
135,860,000,000 |
161,337,000,000 |
|
- Historical costs |
367,974,345,537 |
376,755,000,000 |
478,657,000,000 |
|
- Accumulated depreciation |
-253,065,256,615 |
-240,895,000,000 |
-317,320,000,000 |
|
2. Financial leasehold assets |
0 |
0 |
0 |
|
- Historical costs |
0 |
0 |
0 |
|
- Accumulated depreciation |
0 |
0 |
0 |
|
3. Intangible assets |
30,046,647,712 |
31,740,000,000 |
42,327,000,000 |
|
- Initial costs |
71,843,766,364 |
70,471,000,000 |
76,915,000,000 |
|
- Accumulated amortization |
-41,797,118,652 |
-38,731,000,000 |
-34,588,000,000 |
|
4. Construction-in-progress |
2,019,119,285 |
1,180,000,000 |
12,415,000,000 |
|
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 |
27,657,330,266 |
26,418,000,000 |
29,067,000,000 |
|
1. Long-term prepaid expenses |
15,383,303,102 |
13,415,000,000 |
13,321,000,000 |
|
2. Deferred income tax assets |
12,274,027,164 |
13,003,000,000 |
15,746,000,000 |
|
3. Other long-term assets |
0 |
0 |
0 |
|
TOTAL ASSETS |
1,190,284,330,681
|
977,616,000,000 |
831,349,000,000 |
|
|
|||
LIABILITIES
|
|||
|
A- LIABILITIES |
459,662,840,428 |
340,760,000,000 |
218,658,000,000 |
|
I. Current
liabilities |
428,854,425,527 |
312,018,000,000 |
144,539,000,000 |
|
1. Short-term debts and loans |
0 |
0 |
0 |
|
2. Payable to suppliers |
205,835,794,439 |
105,399,000,000 |
43,850,000,000 |
|
3. Advances from customers |
53,312,863,937 |
7,028,000,000 |
5,408,000,000 |
|
4. Taxes and other obligations to the State Budget |
84,167,516,410 |
98,185,000,000 |
14,916,000,000 |
|
5. Payable to employees |
11,952,473,343 |
10,194,000,000 |
6,611,000,000 |
|
6. Accrued expenses |
54,413,733,654 |
58,851,000,000 |
45,255,000,000 |
|
7. Inter-company payable |
0 |
0 |
0 |
|
8. Payable according to the progress of construction contracts |
0 |
0 |
0 |
|
9. Other payable |
19,172,043,744 |
32,361,000,000 |
28,499,000,000 |
|
10. Provisions for short-term accounts payable |
0 |
0 |
0 |
|
II. Long-Term
Liabilities |
30,808,414,901 |
28,742,000,000 |
74,119,000,000 |
|
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 |
3,770,000,000 |
54,969,000,000 |
|
4. Long-term debts and loans |
0 |
0 |
0 |
|
5. Deferred income tax payable |
0 |
0 |
0 |
|
6. Provisions for unemployment allowances |
30,808,414,901 |
24,972,000,000 |
19,150,000,000 |
|
7. Provisions for long-term accounts payable |
0 |
0 |
0 |
|
B- OWNER’S
EQUITY |
730,621,490,253 |
636,856,000,000 |
612,691,000,000 |
|
I. OWNER’S
EQUITY |
730,621,490,253 |
636,856,000,000 |
612,691,000,000 |
|
1. Capital |
521,321,484,064 |
521,321,000,000 |
521,321,000,000 |
|
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 |
-55,935,799,977 |
-55,936,000,000 |
-55,936,000,000 |
|
7. Business promotion fund |
0 |
0 |
0 |
|
8. Financial reserved fund |
0 |
0 |
0 |
|
9. Other funds |
0 |
0 |
0 |
|
10. Retained earnings |
265,235,806,166 |
171,471,000,000 |
147,306,000,000 |
|
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 |
1,190,284,330,681
|
977,616,000,000 |
831,349,000,000 |
|
|
|||
|
PROFIT
& LOSS STATEMENT |
|||
|
|
|||
|
Description |
FY2010 |
FY2009 |
FY2008 |
|
1. Total Sale |
3,362,391,118,104
|
2,646,966,000,000
|
2,258,686,000,000
|
|
2. Deduction item |
58,548,824,611 |
47,376,000,000 |
37,101,000,000 |
|
3. Net revenue |
3,303,842,293,493
|
2,599,590,000,000
|
2,221,585,000,000
|
|
4. Costs of goods sold |
2,065,676,858,101 |
1,538,783,000,000 |
1,700,246,000,000 |
|
5. Gross profit |
1,238,165,435,392
|
1,060,807,000,000
|
521,339,000,000 |
|
6. Financial income |
56,409,912,827 |
39,596,000,000 |
32,273,000,000 |
|
7. Financial expenses |
10,806,100,883 |
9,212,000,000 |
26,865,000,000 |
|
- In which: Loan interest expenses |
32,932,857 |
|
|
|
8. Selling expenses |
350,908,518,366 |
332,806,000,000 |
264,765,000,000 |
|
9. Administrative overheads |
52,799,847,336 |
52,400,000,000 |
36,766,000,000 |
|
10. Net operating profit |
880,060,881,634 |
705,985,000,000 |
225,216,000,000 |
|
11. Other income |
14,354,517,136 |
68,559,000,000 |
11,671,000,000 |
|
12. Other expenses |
1,222,030,412 |
51,964,000,000 |
1,717,000,000 |
|
13. Other profit /(loss) |
13,132,486,724 |
16,595,000,000 |
9,954,000,000 |
|
14. Total accounting profit before tax |
893,193,368,358 |
722,580,000,000 |
235,170,000,000 |
|
15. Current corporate income tax |
164,193,730,415 |
87,738,000,000 |
46,044,000,000 |
|
16. Deferred corporate income tax |
-728,611,675 |
-2,744,000,000 |
-247,000,000 |
|
17. Interest from subsidiaries/related companies |
0 |
0 |
0 |
|
18. Profit after tax |
728,271,026,268 |
632,098,000,000 |
188,879,000,000 |
|
|
||||||
|
FINANCIAL RATIOS
AND AVERAGE INDUSTRY RATIOS |
||||||
|
|
||||||
|
Description |
FY2010 |
FY2009 |
FY2008 |
Average Industry |
||
|
Current liquidity ratio |
2.37 |
2.51 |
4.06 |
1.48 |
||
|
Quick liquidity ratio |
1.72 |
1.46 |
1.79 |
0.86 |
||
|
Inventory circle |
7.43 |
4.71 |
5.20 |
6.84 |
||
|
Average receive period |
13.33 |
12.15 |
14.86 |
57.12 |
||
|
Utilizing asset performance |
2.78 |
2.66 |
2.67 |
1.40 |
||
|
Liability by total asset |
38.62 |
34.86 |
26.30 |
53.27 |
||
|
Liability by owner equity |
62.91 |
53.51 |
35.69 |
165.07 |
||
|
Ebit / Total asset (ROA) |
75.04 |
73.91 |
28.29 |
9.44 |
||
|
Ebit / Owner's equity (ROE) |
122.26 |
113.46 |
38.38 |
22.99 |
||
|
Ebit / Total revenue (NPM) |
26.57 |
27.30 |
10.41 |
6.94 |
||
|
Gross profit / Total revenue (GPM) |
36.82 |
40.08 |
23.08 |
16.18 |
||
|
Note: The Average Industry was calculated by Vietnam Credit based on our
owned statistical data |
||||||
|
|
||||||
PAYMENT HISTORY & PERFORMANCE EXPERIENCES
|
||||||
|
|
||||||
|
Trade Morality |
|
Normal |
||||
|
Liquidity |
|
High |
||||
|
Payment status |
|
Above Average |
||||
|
Financial Situation |
|
Strong |
||||
|
Development trend |
|
Uptrend |
||||
|
Litigation data |
|
No |
||||
|
Bankruptcy |
|
No |
||||
|
Payment Methods |
|
L/C, T/T |
||||
|
Sale Methods |
|
Retailer and Wholesaler |
||||
INTERPRETATION ON THE SCORES
|
|
|
|
Subject
was established in 1991 and specializing in manufacturing of all kinds of
lubricating oil, insulating oil... and manufacturing containing lubricants
cans for the its needs. CASTROL
VIETNAM was a joint venture between BP GROUP and PETRO SAIGON (Petro Saigon
is a subsidiary of PETROLIMEX). Since the end of 2007, Castrol Vietnam has
been merged into BP PETCO CO., LTD (BP Petco Co., Ltd was another joint
venture in Vietnam of BP Group). Recently, BP PETCO CO., LTD has been
re-named into CASTROL BP PETCO CO., LTD. Head
office of the subject is located at 7th Floor - Central Plaza
office building- 17 Le Duan Street - Dist 1 - Ho Chi Minh City - Vietnam. CASTROL
BP PETCO CO., LTD is specializing in lubricants, grease & LPG
(Liquefied petroleum gas) - marketing, producing and trading Castrol
and BP, the two leading brands in Vietnam automotive lubricants market for
industrials and consumers. BP and
Castrol are the brands name of lubricant for engine means of transport of
Castrol BP Petco Co., Ltd in Vietnam market. Subject
is regarded as one of the market leader in the lubricants market in Vietnam.
Its factory has capacity of 50,000 tons per year. The subject business is
expanding rapidly. CASTROL BP PETCO CO., LTD accounts for
approximately 26% per cent of the market share. According
to financial statement, financial situation of the subject is good. Revenue
and profit in recent years are stable and they have grown up well each year.
The subject does not have short-term debts and loans
amount; so, its liquidity ratios is
satisfactory. Payment capability of the subject is positive. Its liability
ratios is acceptable, so latent risk of the subject is not high. In
overview, facilities and premise of the subject are fair standard. Management
capacity and competition are good. No caution needed with normal transactions
of the subject. |
------------ 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.49.71 |
|
|
1 |
Rs.78.08 |
|
Euro |
1 |
Rs.68.05 |
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.