|
Report Date : |
14.12.2012 |
IDENTIFICATION DETAILS
|
Name : |
DUCGIANG - LAO CAI CHEMICAL JOINT STOCK COMPANY |
|
|
|
|
Registered Office : |
Tang Loong Industrial Park, Bao Thang District, Lao Cai Province |
|
|
|
|
Country : |
Vietnam |
|
|
|
|
Financials (as on) : |
31.12.2011 |
|
|
|
|
Date of Incorporation : |
15.04.2009 |
|
|
|
|
Reg. No.: |
5300299830 |
|
|
|
|
Legal Form : |
Joint stock company |
|
|
|
|
Line of Business : |
The subject is specializing in manufacturing and trading chemical
products. |
|
|
|
|
No. of Employees : |
250 |
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 – June 30th, 2012
|
Country Name |
Previous Rating (31.03.2011) |
Current Rating (30.06.2012) |
|
Vietnam |
B1 |
B1 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
|
Moderate |
B1 |
|
High |
B2 |
|
Very High |
C1 |
|
Restricted |
C2 |
|
Off-credit |
D |
vietnam - ECONOMIC OVERVIEW
Vietnam is a densely-populated developing country that in the last 30 years has had to recover from the ravages of war, the loss of financial support from the old Soviet Bloc, and the rigidities of a centrally-planned economy. While Vietnam's economy remains dominated by state-owned enterprises, which still produce about 40% of GDP, Vietnamese authorities have reaffirmed their commitment to economic liberalization and international integration. They have moved to implement the structural reforms needed to modernize the economy and to produce more competitive export-driven industries. Vietnam joined the World Trade Organization in January 2007 following more than a decade-long negotiation process. Vietnam became an official negotiating partner in the developing Trans-Pacific Partnership trade agreement in 2010. Agriculture's share of economic output has continued to shrink from about 25% in 2000 to about 22% in 2011, while industry's share increased from 36% to 40% in the same period. Deep poverty has declined significantly, and Vietnam is working to create jobs to meet the challenge of a labor force that is growing by more than one million people every year. The global recession has hurt Vietnam's export-oriented economy, with GDP in 2009-11 growing less than the 7% per annum average achieved during the last decade. In 2011, exports increased by more than 33%, year-on-year, and the trade deficit, while reduced from 2010, remained high, prompting the government to maintain administrative trade measures to limit the trade deficit. Vietnam's managed currency, the dong, continues to face downward pressure due to a persistent trade imbalance. Since 2008, the government devalued it in excess of 20% through a series of small devaluations. Foreign donors pledged nearly $8 billion in new development assistance for 2011. However, the government's strong growth-oriented economic policies have caused it to struggle to control one of the region's highest inflation rates, which reached as high as 23% in August 2011 and averaged 18% for the year. In February 2011, Vietnam shifted its focus away from economic growth to stabilizing its economy and tightened fiscal and monetary policies. In early 2012 Vietnam unveiled a broad "three pillar" economic reform program, proposing the restructuring of public investment, state-owned enterprises and the banking sector. Vietnam's economy continues to face challenges from low foreign exchange reserves, an undercapitalized banking sector, and high borrowing costs. The near-bankruptcy and subsequent default of the state-owned-enterprise Vinashin, a leading shipbuilder, led to a ratings downgrade of Vietnam's sovereign debt, exacerbating Vietnam's borrowing difficulties.
|
Source : CIA |
|
Current legal status |
||
|
English Registered Name |
|
DUCGIANG - LAO CAI CHEMICAL JOINT STOCK COMPANY |
|
Vietnamese Registered Name |
|
CONG TY CO PHAN HOA CHAT DUC GIANG - LAO CAI |
|
Short Registered name |
|
DLC |
|
Type of Business |
|
Joint stock company |
|
Year Established |
|
2009 |
|
Business Registration No. |
|
5300299830 |
|
Date of Registration |
|
15 Apr 2009 |
|
Place of Registration |
|
Lao Cai Planning and Investment Department |
|
Chartered capital |
|
VND 250,000,000,000 |
|
Status |
|
Unlisted |
|
Tax code |
|
5300299830 |
|
Total Employees |
|
250 |
|
Size |
|
Medium |
|
Note: The subject's exact name is above. |
||
Historical Identification & Legal form
|
List |
Changed Items |
Date of changes |
|
1 |
Subject has got former Chartered capital: VND 150 billion Changed to: VND 250 billion |
13 Nov 2012 |
|
2 |
Subject has got former Chartered capital: VND 100 billion Changed to: VND 150 billion |
13 May 2011 |
|
Head Office |
||
|
Address |
|
Tang Loong Industrial Park, Bao Thang District, Lao Cai Province,
Vietnam |
|
Telephone |
|
(84-20) 3774556 |
|
Fax |
|
(84-20) 3867214 |
|
1. PARENT COMPANY - DUCGIANG CHEMICAL AND DETERGENT POWDER JOINT STOCK
COMPANY |
||
|
Business Registration |
|
0101452588 |
|
Date of Registration |
|
22 Dec 2011 |
|
Place of Registration |
|
Hanoi Department of Planning and Investment |
|
Registered Capital |
|
VND 66,000,000,000 |
|
Tax code |
|
0101452588 |
|
Address |
|
No. 18, Lane 44, Duc Giang Str., Thuong Thanh Ward, Long Bien
District, Ha Noi City, Vietnam |
|
Tel |
|
(84-4) 38271620 |
|
Fax |
|
(84-4) 38271068 |
|
Website |
|
|
|
1. NAME |
|
Mr. NGUYEN QUOC TRUNG |
|
Position |
|
Director |
|
Date of Birth |
|
18 Dec 1971 |
|
ID Number/Passport |
|
125449967 |
|
ID Issue Date |
|
16 Jun 2008 |
|
ID Issue Place |
|
Bac Ninh Police Department |
|
Resident |
|
Quarter II, Dong Nguyen Ward, Tu Son District,
Bac Ninh Province, Vietnam |
|
Nationality |
|
Vietnamese |
|
|
||
|
2. NAME |
|
Mr. HO MANH LINH |
|
Position |
|
Deputy Director |
|
Nationality |
|
Vietnamese |
|
|
||
|
3. NAME |
|
Mr. PHAM VAN HUNG |
|
Position |
|
Deputy Director |
|
Nationality |
|
Vietnamese |
The subject is specializing in manufacturing and trading chemical
products.
|
IMPORT: |
||
|
Types of products |
|
Machinery, equipment and materials |
|
Market |
|
China |
|
Mode of payment |
|
T/T, L/C |
|
|
||
|
EXPORT: |
||
|
Market |
|
India, Japan, Korea, and some EU countries |
|
Mode of payment |
|
T/T, L/C |
|
1. JOINT STOCK COMMERCIAL BANK FOR FOREIGN TRADE OF VIETNAM |
||
|
Address |
|
No. 198, Tran Quang Khai Street, Hoan Kiem District, Ha Noi City,
Vietnam |
|
Telephone |
|
(84-4) 3934 3137 / 3814 8919 |
|
Fax |
|
(84-4) 3826 9067 / 3825 1322 |
|
|
||
|
2. VIETNAM TECHNOLOGICAL AND COMMERCIAL JOINT STOCK BANK LAO CAI
BRANCH |
||
|
Address |
|
No.10 Hoang Lien, Lao Cai City, Lao Cai Province, Vietnam |
|
Telephone |
|
(84-20) 3822 595 |
|
Fax |
|
(84-20) 3822 598 |
|
|
||
|
3. HONG KONG & SHANGHAI BANKING CORP LTD |
||
|
Address |
|
Pacific Place, 83B Ly Thuong Kiet Str., Hoan Kiem District, Ha Noi
City, Vietnam |
|
Telephone |
|
(84-4) 39333189 |
|
Fax |
|
(84-4) 39460207 |
|
|
||
|
4. ASIA COMMERCIAL BANK HOANG CAU TRANSACTION |
||
|
Address |
|
6-7-8 Hoang Cau Area O Cho Dua Ward, Dong Da District, Ha Noi City,
Vietnam |
|
Telephone |
|
(84-4) 35379736 |
|
Fax |
|
(84-4) 35379739 |
|
1. NAME |
|
DUCGIANG CHEMICAL AND DETERGENT POWDER JOINT STOCK COMPANY |
|
Business Registration |
|
0101452588 |
|
Date of Registration |
|
22 Dec 2011 |
|
Place of Registration |
|
Hanoi Department of Planning and Investment |
|
Registered Capital |
|
VND 66,000,000,000 |
|
Tax code |
|
0101452588 |
|
Address |
|
No. 18 Lane 44 Duc Giang Str. - Thuong Thanh Ward, Long Bien District,
Ha Noi City, Vietnam |
|
Tel |
|
(84-4) 38271620 |
|
Fax |
|
(84-4) 38271068 |
|
Email |
|
ducgiangchemco@hn.vnn.vn |
|
Website |
|
http://www.ducgiangchem.vn |
|
Number of shares |
|
15,420,902 |
|
Value of shares |
|
VND 154,209,020,000 |
|
Percentage |
|
61.68% |
|
|
||
|
2. NAME |
|
372 OTHER SHAREHOLDERS |
|
Number of shares |
|
9,579,098 |
|
Value of shares |
|
VND 95,790,980,000 |
|
Percentage |
|
38.32% |
|
BALANCE SHEET |
|||
|
Unit: One VND |
|||
|
Balance sheet
date |
31/12/2011
|
31/12/2010
|
31/12/2009
|
|
Number of weeks |
52
|
52
|
52
|
|
Audit Status |
Unknown |
Unknown |
Unknown |
|
ASSETS |
|||
|
A – CURRENT ASSETS |
247,206,000,000 |
98,867,501,821 |
33,445,118,202 |
|
I. Cash and cash equivalents |
402,000,000 |
8,229,644,859 |
290,634,170 |
|
1. Cash |
402,000,000 |
8,229,644,859 |
290,634,170 |
|
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 |
135,397,000,000 |
46,075,453,690 |
109,200,000 |
|
1. Receivable from customers |
127,938,000,000 |
32,900,786,880 |
13,200,000 |
|
2. Prepayments to suppliers |
4,915,000,000 |
12,229,362,820 |
96,000,000 |
|
3. Inter-company receivable |
0 |
0 |
0 |
|
4. Receivable according to the progress of construction |
0 |
0 |
0 |
|
5. Other receivable |
2,544,000,000 |
945,303,990 |
0 |
|
6. Provisions for bad debts |
0 |
0 |
0 |
|
IV. Inventories |
90,034,000,000 |
38,863,813,916 |
31,128,797,353 |
|
1. Inventories |
90,034,000,000 |
38,863,813,916 |
31,128,797,353 |
|
2. Provisions for devaluation of inventories |
0 |
0 |
0 |
|
V. Other Current Assets |
21,373,000,000 |
5,698,589,356 |
1,916,486,679 |
|
1. Short-term prepaid expenses |
0 |
0 |
0 |
|
2. VAT to be deducted |
21,373,000,000 |
4,931,421,466 |
1,913,486,679 |
|
3. Taxes and other accounts receivable from the State |
0 |
325,000,000 |
0 |
|
4. Other current assets |
0 |
442,167,890 |
3,000,000 |
|
B. LONG-TERM ASSETS |
195,029,000,000 |
138,552,924,841 |
127,557,001,302 |
|
I. Long term accounts 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 |
194,781,000,000 |
137,470,264,256 |
125,671,463,162 |
|
1. Tangible assets |
163,560,000,000 |
86,663,116,365 |
98,992,383,821 |
|
- Historical costs |
212,358,000,000 |
107,698,707,352 |
100,685,764,647 |
|
- Accumulated depreciation |
-48,798,000,000 |
-21,035,590,987 |
-1,693,380,826 |
|
2. Financial leasehold assets |
0 |
0 |
0 |
|
- Historical costs |
0 |
0 |
0 |
|
- Accumulated depreciation |
0 |
0 |
0 |
|
3. Intangible assets |
29,693,000,000 |
26,123,794,838 |
26,679,079,341 |
|
- Initial costs |
31,256,000,000 |
27,094,540,635 |
27,094,540,635 |
|
- Accumulated amortization |
-1,563,000,000 |
-970,745,797 |
-415,461,294 |
|
4. Construction-in-progress |
1,528,000,000 |
24,683,353,053 |
0 |
|
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 |
248,000,000 |
1,082,660,585 |
1,885,538,140 |
|
1. Long-term prepaid expenses |
248,000,000 |
1,082,660,585 |
1,885,538,140 |
|
2. Deferred income tax assets |
0 |
0 |
0 |
|
3. Other long-term assets |
0 |
0 |
0 |
|
VI. Goodwill |
0 |
0 |
0 |
|
1. Goodwill |
0 |
0 |
0 |
|
TOTAL ASSETS |
442,235,000,000 |
237,420,426,662 |
161,002,119,504 |
|
|
|||
|
LIABILITIES |
|||
|
A- LIABILITIES |
252,067,000,000 |
124,950,874,287 |
66,496,715,360 |
|
I. Current liabilities |
252,067,000,000 |
124,950,874,287 |
66,496,715,360 |
|
1. Short-term debts and loans |
45,047,000,000 |
22,863,193,592 |
13,197,649,331 |
|
2. Payable to suppliers |
76,270,000,000 |
54,912,831,823 |
7,435,992,031 |
|
3. Advances from customers |
2,000,000 |
0 |
0 |
|
4. Taxes and other obligations to the State Budget |
10,149,000,000 |
67,280,281 |
0 |
|
5. Payable to employees |
6,486,000,000 |
3,086,572,823 |
339,990,708 |
|
6. Accrued expenses |
69,000,000 |
105,690,110 |
48,923,843 |
|
7. Inter-company payable |
0 |
0 |
0 |
|
8. Payable according to the progress of construction contracts |
0 |
0 |
0 |
|
9. Other payable |
114,044,000,000 |
43,915,305,658 |
45,474,159,447 |
|
10. Provisions for short-term accounts payable |
0 |
0 |
0 |
|
II. Long-Term Liabilities |
0 |
0 |
0 |
|
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 |
0 |
0 |
|
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 |
|
8. Unearned Revenue |
0 |
0 |
0 |
|
9. Science and technology development fund |
0 |
0 |
0 |
|
B- OWNER’S EQUITY |
190,168,000,000 |
112,469,552,375 |
94,505,404,144 |
|
I. OWNER’S EQUITY |
179,762,000,000 |
108,709,945,164 |
94,505,404,144 |
|
1. Capital |
150,000,000,000 |
100,000,000,000 |
100,000,000,000 |
|
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 |
363,000,000 |
-1,060,758,347 |
0 |
|
7. Business promotion fund |
19,970,000,000 |
6,745,462,294 |
0 |
|
8. Financial reserved fund |
0 |
3,025,241,217 |
0 |
|
9. Other funds |
0 |
0 |
0 |
|
10. Retained earnings |
9,429,000,000 |
0 |
-5,494,595,856 |
|
11. Construction investment fund |
0 |
0 |
0 |
|
12. Business arrangement supporting fund |
0 |
0 |
0 |
|
II. Other sources and funds |
10,406,000,000 |
3,759,607,211 |
0 |
|
1. Bonus and welfare funds |
10,406,000,000 |
3,759,607,211 |
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 |
442,235,000,000 |
237,420,426,662 |
161,002,119,504 |
|
Description |
FY2011
|
FY2010
|
FY2009
|
|
1. Total Sales |
1,020,732,000,000
|
500,443,316,845 |
8,396,007,997 |
|
2. Deduction item |
36,823,000,000 |
0 |
0 |
|
3. Net revenue |
983,909,000,000 |
500,443,316,845 |
8,396,007,997 |
|
4. Costs of goods sold |
790,652,000,000 |
401,710,950,271 |
15,280,832,953 |
|
5. Gross profit |
193,257,000,000 |
98,732,366,574 |
-6,884,824,956 |
|
6. Financial income |
14,322,000,000 |
1,407,443,260 |
4,400,731 |
|
7. Financial expenses |
7,175,000,000 |
4,690,239,296 |
349,444,246 |
|
- In which: Loan interest expenses |
0 |
2,683,452,381 |
321,665,196 |
|
8. Selling expenses |
44,992,000,000 |
16,113,351,440 |
0 |
|
9. Administrative overheads |
10,791,000,000 |
6,311,011,584 |
2,853,589,600 |
|
10. Net operating profit |
144,621,000,000 |
73,025,207,514 |
-10,083,458,071 |
|
11. Other income |
1,000,000 |
55,122,884 |
4,656,162,215 |
|
12. Other expenses |
230,000,000 |
335,447,909 |
67,300,000 |
|
13. Other profit /(loss) |
-229,000,000 |
-280,325,025 |
4,588,862,215 |
|
14. Total accounting profit before tax |
144,392,000,000 |
72,744,882,489 |
-5,494,595,856 |
|
15. Current corporate income tax |
16,318,000,000 |
6,745,462,294 |
0 |
|
16. Deferred corporate income tax |
0 |
0 |
0 |
|
17. Interest from subsidiaries/related companies |
0 |
0 |
0 |
|
18. Profit after tax |
128,074,000,000 |
65,999,420,195 |
-5,494,595,856 |
|
Description |
FY2011
|
FY2010
|
FY2009
|
Average
Industry |
|
Current liquidity ratio |
0.98 |
0.79 |
0.50 |
1.72 |
|
Quick liquidity ratio |
0.62 |
0.48 |
0.03 |
1.06 |
|
Inventory circle |
8.78 |
11.48 |
0.49 |
13.62 |
|
Average receive period |
50.23 |
33.61 |
4.75 |
78.59 |
|
Utilizing asset performance |
2.22 |
2.11 |
0.05 |
1.55 |
|
Liability by total assets |
57.00 |
52.63 |
41.30 |
52.62 |
|
Liability by owner's equity |
132.55 |
111.10 |
70.36 |
163.63 |
|
Ebit / Total assets (ROA) |
32.65 |
31.77 |
-3.21 |
13.16 |
|
Ebit / Owner's equity (ROE) |
75.93 |
67.07 |
-5.47 |
29.85 |
|
Ebit / Total revenue (NPM) |
14.15 |
15.07 |
-61.61 |
7.13 |
|
Gross profit / Total revenue (GPM) |
18.93 |
19.73 |
-82.00 |
19.87 |
|
Note: The Average Industry was calculated by VietnamCredit based on our own statistical data |
||||
|
Trade Morality |
|
Fair |
|
Liquidity |
|
Low/Medium |
|
Payment status |
|
Normal |
|
Financial Situation |
|
Above Average |
|
Development trend |
|
Uptrend |
|
Litigation data |
|
No Record |
|
Bankruptcy |
|
No Record |
|
Payment Methods |
|
T/T, L/C |
|
Sale Methods |
|
Retailer and Wholesaler |
|
Public opinion |
|
Well-known |
|
DLC is a joint stock company which was established in 2009. It was granted
the business registration No. 5300299830 Lao Cai Department of Planning and
Investment. Its chartered capital has been increased to VND 250 billion on
November 13th 2012. Locating at Tang Loong Industrial Park, Bao Thang District, Lao Cai
Province, the subject focuses on manufacturing and trading chemical products,
mainly yellow phosphorus. It is subsidiary of DUCGIANG CHEMICAL AND DETERGENT
POWDER JOINT STOCK COMPANY which has many experience years in the chemical
products trading industry, so the subject has been received a lot of support
and inherited traditional partners from the parent company. Current, the
subject imports machinery, equipment and materials from China. Its products
are supplied for domestic market and exported to India, Japan, Korea and some
EU countries. The subject just went on test producing in 2009. However, recently,
the phosphorus yellow factory No.4 of the firm breached of environmental
regulations. Besides, on 16 July 2012, the company was fined 200 million VND
for administrative violation in securities and stock market field.
Simultaneously, it was fined 30 million VND for filing public company
registration overdue prescribed period of 12 months Financially, looking at the balance sheet, we see that total assets
increase year by year, reflecting that the firm had an expanded business
scale more. In 2011, the subject gained VND 1,020.7 billion in total sales
that over doubled in comparison with 2010. Profit after tax increased from
VND 65.9 billion in 2010 to VND 128 billion in 2011. These figures bring good
signal for the development of the subject. However, liquidity was not good.
It was improved in 2011 but was still lower than industry average.
Profitability indicators were fairly good in comparison with the average industry
index due to the considerable amount in profit generated at the end of 2011. In general, the subject is a medium company in the industry and it is
on the way of development. Although it is a newly established company, its
business activities are effective. Now, it has capacity to meet small and
normal transactions. |
|
Industry code |
Growth speed by
price compared with 1994 (%) |
Total
enterprises 2010 |
Total employees
2011 (Thous.pers.) |
Annual average
capital of enterprises 2010 (billion dongs) |
||
|
2011 |
2010 |
|||||
|
Agriculture, Forestry and Fishing |
4.00 |
2.78 |
8,887 |
24,362.9 |
95,227 |
|
|
Industry and Construction |
5.53 |
7.70 |
95,217 |
10,718.9 |
3,641,376 |
|
|
Trade and Services |
6.69 |
7.52 |
187,195 |
15,270.2 |
6,957,082 |
|
|
|
||||||
|
ECONOMIC
INDICATORS |
||||||
|
|
||||||
|
|
2011 |
2010 |
2009 |
|||
|
Population
(Million person) |
87.84 |
86.93 |
86.02 |
|||
|
Gross
Domestic Products (USD billion) |
119 |
102.2 |
91 |
|||
|
GDP Growth
(%) |
5.89 |
6.78 |
5.32 |
|||
|
GDP Per
Capita (USD/person/year) |
1,300 |
1,160 |
1,080 |
|||
|
Inflation
(% Change in Composite CPI) |
18.58 |
11.75 |
6.88 |
|||
|
State
Budget Deficit compared with GDP (%) |
4.9 |
5.8 |
6.9 |
|||
|
|
||||||
|
SERVICE TRADE
PERFORMANCE |
||||||
|
|
||||||
|
Billion USD |
2011 |
2010 |
2009 |
|||
|
Exports |
96.3 |
72.2 |
57.1 |
|||
|
Imports |
105.8 |
84.8 |
69.9 |
|||
|
Trade
Balance |
-9.5 |
-12.6 |
-12.8 |
|||
Source: General
Statistics Office
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.54.23 |
|
|
1 |
Rs.87.53 |
|
Euro |
1 |
Rs.70.94 |
INFORMATION DETAILS
|
Report
Prepared by : |
SDA |
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.