MIRA
INFORM REPORT
|
Report Date : |
27.12.2012 |
IDENTIFICATION DETAILS
|
Name : |
AMPACET [THAILAND]
CO., LTD. |
|
|
|
|
|
|
Registered Office : |
Eastern Seaboard Industrial Estate, 64/19 Moo 4, Highway No. 331, Pluakdaeng, A. Pluakdaeng, Rayong 21140 |
|
|
|
|
|
|
Country : |
Thailand |
|
|
|
|
|
|
Financials (as on) : |
31.12.2011 |
|
|
|
|
|
|
Date of Incorporation : |
18.11.1998 |
|
|
|
|
|
|
Com. Reg. No.: |
0105541072254 |
|
|
|
|
|
|
Legal Form : |
Private Limited Company |
|
|
|
|
|
|
Line of Business : |
Manufacturer, Distributor & Exporter of Petrochemical Products |
|
|
|
|
|
|
No. of Employees : |
200 |
|
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 – June 30th, 2012
|
Country Name |
Previous Rating (31.03.2011) |
Current Rating (30.06.2012) |
|
Thailand |
B1 |
B1 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
|
Moderate |
B1 |
|
High |
B2 |
|
Very High |
C1 |
|
Restricted |
C2 |
|
Off-credit |
D |
THAILAND - ECONOMIC OVERVIEW
With a well-developed
infrastructure, a free-enterprise economy, generally pro-investment policies,
and strong export industries, Thailand enjoyed solid growth from 2000 to 2007 -
averaging more than 4% per year - as it recovered from the Asian financial
crisis of 1997-98. Thai exports - mostly machinery and electronic components,
agricultural commodities, and jewelry - continue to drive the economy,
accounting for more than half of GDP. The global financial crisis of 2008-09
severely cut Thailand's exports, with most sectors experiencing double-digit
drops. In 2009, the economy contracted 2.3%. In 2010, Thailand's economy
expanded 7.8%, its fastest pace since 1995, as exports rebounded from their
depressed 2009 level. Steady economic growth at just below 4% during the first
three quarters of 2011 was interrupted by historic flooding in October and
November in the industrial areas north of Bangkok, crippling the manufacturing
sector and leading to a revised growth rate of only 0.1% for the year. The
industrial sector is poised to recover from the second quarter of 2012 onward,
however, and the government anticipates the economy will probably grow between
5.5 and 6.5% for 2012, while private sector forecasts range between 3.8% and
5.7%.
Source : CIA
Company name
AMPACET
[THAILAND] CO., LTD.
SUMMARY
BUSINESS
ADDRESS : EASTERN SEABOARD
INDUSTRIAL ESTATE,
64/19 MOO
4, HIGHWAY NO.
331,
T.
PLUAKDAENG,
A. PLUAKDAENG,
RAYONG
21140, THAILAND
TELEPHONE : [66] 38
927-999, 38 955-247-52
FAX : [66]
38 955-250, 38
927-970
E-MAIL
ADDRESS : ampacet@ampacet.co.th
tmatjnd@ampacet.com
REGISTRATION
ADDRESS : SAME
AS BUSINESS ADDRESS
ESTABLISHED
: 1998
REGISTRATION
NO. : 0105541072254 [Former : 1089/2541]
TAX
ID NO. : 3011978689
CAPITAL REGISTERED : BHT. 615,534,000
CAPITAL PAID-UP : BHT.
615,534,000
SHAREHOLDER’S PROPORTION : BELGIAN
: 100%
FISCAL YEAR CLOSING DATE : DECEMBER 31
LEGAL
STATUS : PRIVATE LIMITED
COMPANY
EXECUTIVE : MR.
ROBERT A. DE
FALGO, AMERICAN
PRESIDENT
& CHIEF EXECUTIVE OFFICER
NO.
OF STAFF : 200
LINES
OF BUSINESS : PETROCHEMICAL PRODUCTS
MANUFACTURER, DISTRIBUTOR
& EXPORTER
CORPORATE PROFILE
OPERATING
TREND : STABLE
PRESENT
SITUATION : OPERATING NORMALLY
REPUTATION : GOOD
WITH NORMAL BUSINESS
ENGAGEMENT
MANAGEMENT
STANDARD : MANAGEMENT WITH
GOOD PERFORMANCE
HISTORY
The subject was
established on November
18, 1998 as
a private limited
company under the
name style AMPACET
[THAILAND] CO., LTD.
by Belgian groups,
with the objective
to engage in
the petrochemical industry
and polymer business.
It currently employs
approximate 200 staff.
Subject is a
wholly owned subsidiary
of Ampacet Belgium
SPRL, Belgium.
Ampacet has been
a technology leader
in the plastic
industry, with 17
manufacturing plants located
on four continents.
AMPACET WORLDWIDE
Ampacet
World Headquarters: Tarrytown,
NY
World Technology Center:
Terre Haute, IN
Manufacturing Sites: Terre
Haute, IN; Cartersville,
GA; DeRidder, LA;
Crockett, TX; Heath,
OH
Ampacet Europe
Headquarters: Howald Luxembourg
Technology Center: Messancy,
Belgium Manufacturing Sites: Messancy,
Belgium; Telgate, Italy
Ampacet Canada
Headquarters: Kitchener, Ontario
Technology Center: Kitchener,
Ontario Manufacturing Sites:
Kitchener, Ontario; Delta,
British Columbia
Ampacet Asia
Headquarters: ESIE - Rayong, Thailand
Technology Center: ESIE - Rayong,
Thailand
Manufacturing Site:
ESIE-Rayong, Thailand
Ampacet South America
Headquarters: Tortuguitas, Pcia.
Buenos Aires, Argentina
Technology Center: Tortuguitas,
Argentina Manufacturing Sites:
Tortuguitas, Argentina; Santiago,
Chile
The subject is also serving as Ampacet Asia’s headquarters, providing a
technical, administrative and
financial function. The
sales office is
in Malaysia.
The subject also
received promotional privilege
from Board of Investment for the
production.
The
subject’s registered address
is Eastern Seaboard
Industrial Estate, 64/19
Moo 4, Highway
No. 331, T.
Pluakdaeng, A. Pluakdaeng, Rayong
21140, and this
is the company’s
current operation address.
THE BOARD OF
DIRECTOR
|
Name |
|
Nationality |
Age |
|
|
|
|
|
|
Mr. Robert A.
De Falgo |
|
American |
77 |
|
Ms. Udomsri Sak-arpa |
|
Thai |
45 |
|
Mr. Kam Ming
Mui |
|
Chinese |
59 |
|
Mr. Joel Slutsky |
|
American |
78 |
|
Mr. Christian Carnevali |
|
Belgian |
57 |
|
Mr. Yves A. J.
Carette |
|
Belgian |
58 |
|
Mr. Bennett L.
Schwartz |
|
American |
45 |
|
Mr. Kamthon Sa-nguanpruk |
|
Thai |
41 |
|
Mrs. Nathakomol Klin-udom |
|
Thai |
49 |
|
Mr. Gustavo Javier Lidzki |
|
Argentine |
48 |
AUTHORIZED PERSON
Any two of
the above directors
can jointly sign
on behalf of
the subject with
company’s affixed.
MANAGEMENT
Mr. Robert A. De Falgo
is the President & Chief Executive
Officer.
He is American
nationality with the
age of 77
years old.
Mr. Christian Carnevali is
the Vice President [Technical & Manufacturing].
He is Belgian
nationality with the
age of 57
years old.
Mr. Gustavo Javier
Lidzki is the
Managing Director.
He is Argentine
nationality with the
age of 48
years old.
Ms. Udomsri Sak-arpa
is the Deputy
Managing Director.
She is Thai
nationality with the
age of 45
years old.
BUSINESS OPERATIONS
The
subject is engaged
in manufacturing and
distributing wide range
of Masterbatch and
additives which can
be used in
virtually, all major
plastics processes such
as blown and
cast film, extrusion
coating, wire and cable pipe
and conduit, injection
molding and fiber
spinning. Its products are
supplied to various
industries, such as
agricultural, foods and
non-foods, consumer products, textile, plastic,
non-woven, packaging and others.
Range
of products are
as follows:
MASTERBATCHES:
·
White - used
for utilities and
high - quality thick/ thin wall
applications for injection
and blow molding,
cast, blown and
extrusion coating films,
ease of incorporation, food
contact acceptable grades,
weatherable grades, UV
blocking grades, photographic
paper grades, engineering
resin grades and
highly loaded products
up to 80%
·
Black - used
for ultra dispersion,
ease of processability and
distribution at its customer,
durability from ultra
violet light, durability
against extreme weather
conditions, electro-static conductive
grades, food contact
acceptable grades, photo-degradable products,
super-jet-blanks/deep-black
colors, photographic paper
grades, high temperature
resistance grades, highly
loaded products up
to 60%, low
loaded products for
tinting, and custom
compounds
·
Color - comprising
pearlescents, metallic, phosphorescents, fluorescents,
scented, laser marking,
granite & marble effects.
ADDITIVE
MASTERBATCHES:
Comprising antistats, antiblock,
antifog, antioxidants, BOPP
specialty additives, chemical
foaming, flame retardants,
mineral fillers, optical
brighteners, process aids,
purge compounds, release
agents, scents, shut-down
compounds, slips, slip and
antiblock combinations, ultraviolet
absorbers and ultraviolet
absorbers inhibitors.
PRODUCTION CAPACITY
6,500 tons per
year
IMPORT [COUNTRIES]
80% of raw material and
chemical are imported
from United States of America,
Canada, France, Germany,
Belgium, Republic of China
and Taiwan, the
remaining 20% is purchased
from local suppliers.
MAJOR SUPPLIERS
Ampacet Corporation : United States
of America
Ampacet Belgium SPRL : Belgium
Du Pont [Thailand]
Ltd. : Thailand
EXPORT [COUNTRY]
80% of its
products is exported to
countries in Asian
region such as
Singapore, Taiwan, India,
Philippines, Malaysia, Hong
Kong, Indonesia, Australia,
Vietnam and Republic
of China.
SALES [LOCAL]
20% of its
products is sold
locally to manufacturers.
LITIGATION
Bankruptcy and Receivership
There are no
litigation on bankruptcy
and receivership cases
filed against the
subject found at
Legal Execution Department
for the past
five years.
Others
There are no
legal suits filed
against the subject
for the past
two years.
CREDIT
Sales
are by cash
or on the
credits term of
30-60 days.
Local
bills are paid
by cash or
on the credits
term of 30-60
days.
Imports
are by L/C
at sight or
T/T.
Exports
are against L/C
at sight or
T/T.
BANKING
United Overseas Bank
[Thai] Public Co.,
Ltd.
[ Rayong Branch ]
Bangkok Bank Public
Co., Ltd.
[ Sriracha Branch ]
EMPLOYMENT
The subject employs
approximately 200 staff.
[office staff and
factory workers]
LOCATION DETAILS
The premise is
owned for administrative office,
factory and warehouse
on the land
area of 65,000
square meters at
the heading address.
Premise is located
in an industrial
area.
Branches/ Representative Office:
Vietnam Office :
- Suite No. 19,
4th Floor, Saigon
Centre, 65 Le Loi HCMC
Vietnam.
India Office :
- 408, B
Wing, Everest Chambers,
Andheri Kurla Rd.,
Marol Naka Andheri [East],
Mumbai, India
Philippines Office :
- CEVA Warehouse
Building 2, 1 Sta.
Agueda St., Along
Pascor Drive, Sto.
Nino
Paranaque City,
Philippines
REMARK
MAXIMUM CREDIT SHOULD
BE GRANTED AT
US$ 20,000,000.
COMMENT
Ampacet [Thailand] Co., Ltd. has
served Ampacet Asia’s
headquarters, providing a
technical, administrative and
financial function due to an
expanding sales in
this region. The company has the full capability to produce full range of white
and additive masterbatches, with
an emphasis on
specialty products, which
has a better
position to serve
the Asian market.
Since established, customers
have relied on
Ampacet for consistency
of product quality.
Ampacet masterbatches are
recognized world over for
their quality and consistency.
The dramatic increased demand for petrochemical products in Asia has continued expanding for industrial
users as an
industrial applications from commodities to construction materials. Subject
also posted its strong growth
rate in the year
2011, and continued
growing strong.
FINANCIAL INFORMATION
The capital was initially registered
at Bht. 130,000,000
divided into 1,300,000
shares of Bht.
100 each.
The capital were
increased later as
follows:
Bht.
574,000,000 on January
5, 2001
Bht.
615,534,000 on November
11, 2005
The latest registered
capital was increased
to Bht. 615,534,000 divided
into 6,155,340 shares
of Bht. 100
each with fully
paid.
THE SHAREHOLDERS LISTED
WERE : [ as
at April 27, 2012]
|
NAME |
HOLDING |
% |
|
|
|
|
|
Ampacet Belgium SPRL
Nationality: Belgian Address : Belgium |
6,155,334 |
100.00 |
|
Mr. Robert A. De Falco Nationality: American Address : U.S.A. |
1 |
- |
|
Mr. Joel Slutsky Nationality: American Address : New
York, U.S.A. |
1 |
- |
|
Mr. Bennett L. Schwartz Nationality: American Address : U.S.A. |
1 |
- |
|
Mr. Andrew Mccallan Nationality: American Address : U.S.A. |
1 |
- |
|
Mrs. Gel Binderman Nationality: American Address : New
York, U.S.A. |
1 |
- |
|
Mr. Christian Carnevali Nationality: Belgian Address : Moo 4 ,
Sriracha, Chonburi |
1 |
- |
Total Shareholders : 7
Share Structure [as
at April 27,
2012]
|
Nationality |
Shareholders |
No. of Share |
% Shares |
|
|
|
|
|
|
Thai |
- |
- |
- |
|
Foreign |
7 |
6,155,340 |
100.00 |
|
Total |
7 |
6,155,340 |
100.00 |
NAME OF AUDITOR
& CERTIFIED PUBLIC
ACCOUNTANT NO. :
Mr. Somkid Tiatrakul
No. 2785
BALANCE SHEET [BAHT]
The
latest financial figures
published for December
31, 2011 &
2010 were:
ASSETS
|
Current Assets |
2011 |
2010 |
|
|
|
|
|
Cash in hand
& at Bank
|
20,573,729 |
86,778,666 |
|
Trade Accounts & Other
Receivable |
473,891,216 |
453,041,024 |
|
Accounts Receivable
Related Company |
254,459,197 |
138,263,495 |
|
Inventories |
693,223,699 |
478,732,756 |
|
Other Current Assets
|
44,742,756 |
15,582,772 |
|
|
|
|
|
Total Current Assets
|
1,486,890,597 |
1,172,398,713 |
|
Investment in Subsidiaries |
50,599,443 |
50,599,443 |
|
Cash at bank under
Restriction |
3,350,000 |
3,350,000 |
|
Fixed Assets |
365,038,018 |
377,591,320 |
|
Computer Programme |
1,281,711 |
956,590 |
|
Non-operating Land |
22,000,000 |
22,000,000 |
|
Other Non-current Assets |
1,570,821 |
1,439,167 |
|
Total Assets |
1,930,730,590 |
1,628,335,233 |
LIABILITIES &
SHAREHOLDERS' EQUITY [BAHT]
|
Current
Liabilities |
2011 |
2010 |
|
|
|
|
|
Trade Accounts Payable |
107,775,932 |
174,860,005 |
|
Accounts Payable Related Company
|
124,974,292 |
46,124,720 |
|
Loan from Related
Company |
27,708,836 |
25,122,674 |
|
Other Current Liabilities |
112,476,055 |
93,653,281 |
|
|
|
|
|
Total Current Liabilities |
372,935,115 |
339,760,680 |
|
Total Liabilities |
372,935,115 |
339,760,680 |
|
|
|
|
|
Shareholders' Equity |
|
|
|
|
|
|
|
Share capital : Baht 100
value authorized, issued
and fully paid share
capital 6,155,340 shares |
615,534,000 |
615,534,000 |
|
|
|
|
|
Capital Paid |
615,534,000 |
615,534,000 |
|
Accumulating from Conversion
of Foreign Exchange Rate |
11,988,938 |
13,192,510 |
|
Retained Earning Appropriated for Statutory Reserve |
23,220,000 |
16,020,000 |
|
Unappropriated |
907,052,537 |
643,828,043 |
|
Total Shareholders' Equity |
1,557,795,475 |
1,288,574,553 |
|
Total Liabilities &
Shareholders' Equity |
1,930,730,590 |
1,628,335,233 |
PROFIT &
LOSS ACCOUNT
|
Revenue |
2011 |
2010 |
|
|
|
|
|
Sales Income |
3,131,759,062 |
2,651,275,879 |
|
Other Income |
191,706 |
481,476 |
|
Total Revenues |
3,131,950,768 |
2,651,757,355 |
|
Expenses |
|
|
|
|
|
|
|
Cost of Goods
Sold |
2,470,715,233 |
2,136,529,837 |
|
Selling Expenses |
156,669,327 |
161,189,832 |
|
Administrative Expenses |
215,671,618 |
168,278,289 |
|
Loss on Exchange Rate |
29,772,749 |
16,449,475 |
|
Total Expenses |
2,872,828,927 |
2,482,447,433 |
|
|
|
|
|
Profit / [Loss] before Financial Cost & Income Tax |
318,667,339 |
169,309,922 |
|
Financial Cost |
[1,905,288] |
[1,664,938] |
|
Profit / [Loss] before Income Tax |
316,762,051 |
167,644,984 |
|
Income Tax |
[24,178,333] |
[25,113,489] |
|
Net Profit / [Loss] |
292,583,718 |
142,531,495 |
FINANCIAL ANALYSIS
|
ITEM |
UNIT |
2011 |
2010 |
|
|
|
|
|
|
LIQUIDITY RATIO |
|
|
|
|
CURRENT RATIO |
TIMES |
3.99 |
3.45 |
|
QUICK RATIO |
TIMES |
2.01 |
2.00 |
|
|
|
|
|
|
ACTIVITY RATIO |
|
|
|
|
FIXED ASSETS TURNOVER |
TIMES |
8.58 |
7.02 |
|
TOTAL ASSETS TURNOVER |
TIMES |
1.62 |
1.63 |
|
INVENTORY CONVERSION PERIOD |
DAYS |
102.41 |
81.79 |
|
INVENTORY TURNOVER |
TIMES |
3.56 |
4.46 |
|
RECEIVABLES CONVERSION PERIOD |
DAYS |
55.23 |
62.37 |
|
RECEIVABLES TURNOVER |
TIMES |
6.61 |
5.85 |
|
PAYABLES CONVERSION PERIOD |
DAYS |
15.92 |
29.87 |
|
CASH CONVERSION CYCLE |
DAYS |
141.72 |
114.28 |
|
|
|
|
|
|
PROFITABILITY
RATIO |
|
|
|
|
COST OF GOODS SOLD |
% |
78.89 |
80.58 |
|
SELLING & ADMINISTRATION |
% |
11.89 |
12.43 |
|
INTEREST |
% |
0.06 |
0.06 |
|
GROSS PROFIT MARGIN |
% |
21.11 |
19.43 |
|
NET PROFIT MARGIN BEFORE EX. ITEM |
% |
8.27 |
6.39 |
|
NET PROFIT MARGIN |
% |
9.34 |
5.38 |
|
RETURN ON EQUITY |
% |
18.78 |
11.06 |
|
RETURN ON ASSET |
% |
15.15 |
8.75 |
|
EARNING PER SHARE |
BAHT |
47.53 |
23.16 |
|
|
|
|
|
|
LEVERAGE RATIO |
|
|
|
|
DEBT RATIO |
TIMES |
0.19 |
0.21 |
|
DEBT TO EQUITY RATIO |
TIMES |
0.24 |
0.26 |
|
TIME INTEREST EARNED |
TIMES |
136.00 |
101.69 |
|
|
|
|
|
|
ANNUAL GROWTH |
|
|
|
|
SALES GROWTH |
% |
18.12 |
|
|
OPERATING PROFIT |
% |
53.05 |
|
|
NET PROFIT |
% |
105.28 |
|
|
FIXED ASSETS |
% |
(3.32) |
|
|
TOTAL ASSETS |
% |
18.57 |
|
PROFITABILITY RATIO
|
Gross Profit Margin |
21.11 |
Impressive |
Industrial
Average |
10.00 |
|
Net Profit Margin |
9.34 |
Impressive |
Industrial
Average |
5.91 |
|
Return on Assets |
15.15 |
Impressive |
Industrial
Average |
9.42 |
|
Return on Equity |
18.78 |
Impressive |
Industrial
Average |
18.62 |
Gross Profit Margin used to assess a firm's financial health by
revealing the proportion of money left over from revenues after accounting for the
cost of goods sold. Gross profit margin serves as the source for paying
additional expenses and future savings. The company’s figure is 21.11%. When
compared with the industry average, the ratio of the company was higher, this
indicated that company was more profitable than the same industry.
Net Profit Margin is the indicator of the company's efficiency in that
net profit takes into consideration all expenses of the company. A low profit
margin indicates a low margin of safety, higher risk that a decline in sales
will erase profits and result in a net loss. The company’s figure is 9.34%, higher figure when compared with those
of its average competitors in the same industry, indicated that business was an
efficient operator in a dominant
position within its industry.
Return on Assets measures how efficiently profits are being generated
from the assets employed in the business when compared with the ratios of firms
in a similar business. A low ratio in comparison with industry averages
indicates an inefficient use of business assets. Return on Assets ratio is
15.15%, higher figure when compared with those of its average competitors in
the same industry, indicated that business was an efficient profit in a dominant position within its industry.
Return on Equity indicates how profitable a company is by comparing its
net income to its average shareholders' equity, ROE measures how much the
shareholders earned for their investment in the company. Return on Equity ratio
is 18.78%, higher figure when compared with those of its average competitors in
the same industry, indicated that business was an efficient profit in a dominant position within its industry.
Trend of the
average competitors in the same industry for last 5 years
Return on Assets Uptrend
Return on Equity Uptrend
LIQUIDITY RATIO
|
Current Ratio |
3.99 |
Impressive |
Industrial
Average |
1.24 |
|
Quick Ratio |
2.01 |
|
|
|
|
Cash Conversion Cycle |
141.72 |
|
|
|
The Current Ratio is to ascertain whether a company's short-term assets
are readily available to pay off its short-term liabilities. The company's
figure is 3.99 times in 2011, increased from 3.45 times, then it is generally
considered to have good short-term financial strength. When compared with the
industry average, the ratio of the company was higher, indicated that company
was an efficient operator in a dominant position within its industry.
The Quick Ratio is a liquidity indicator that further refines the
current ratio by measuring the amount of the most liquid current assets there
are to cover current liabilities. The company's figure is 2.01 times in 2011,
increased from 2 times, although excluding inventory so the company still have
good short-term financial strength.
The Cash Conversion Cycle measures the number of days a company's cash
is tied up in the production and sales process of its operations and the
benefit from payment terms from its creditors. It meant the company could
survive when no cash inflow was received from sale for 142 days.
Trend of the
average competitors in the same industry for last 5 years
Current Ratio Downtrend
LEVERAGE RATIO
|
Debt Ratio |
0.19 |
Impressive |
Industrial
Average |
0.54 |
|
Debt to Equity Ratio |
0.24 |
Impressive |
Industrial
Average |
1.02 |
|
Times Interest Earned |
136.00 |
Impressive |
Industrial
Average |
10.18 |
Debt to Equity Ratio a measurement of how much suppliers, lenders, creditors
and obligors have committed to the company versus what the shareholders have
committed. A lower the percentage means that the company is using less leverage
and has a stronger equity position.
Times Interest Earned measuring a company's ability to meet its debt
obligations. Ratio is 136.01 higher than 1, so the company can pay interest
expenses on outstanding debt.
Debt Ratio shows the proportion of a company's assets which are financed
through debt. The company's figure is 0.19 less than 0.5, most of the company's
assets are financed through equity.
Trend of the
average competitors in the same industry for last 5 years
Debt Ratio Downtrend
Times Interest Earned Uptrend
ACTIVITY RATIO
|
Fixed Assets Turnover |
8.58 |
Impressive |
Industrial Average |
2.55 |
|
Total Assets Turnover |
1.62 |
Impressive |
Industrial Average |
1.62 |
|
Inventory Conversion Period |
102.41 |
|
|
|
|
Inventory Turnover |
3.56 |
Deteriorated |
Industrial Average |
9.67 |
|
Receivables Conversion Period |
55.23 |
|
|
|
|
Receivables Turnover |
6.61 |
Impressive |
Industrial Average |
5.87 |
|
Payables Conversion Period |
15.92 |
|
|
|
Trend of the
average competitors in the same industry for last 5 years
Fixed Assets Turnover Downtrend
Total Assets Turnover Downtrend
Inventory Turnover Uptrend
Receivables Turnover Downtrend
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.54.96 |
|
|
1 |
Rs.88.68 |
|
Euro |
1 |
Rs.72.45 |
INFORMATION DETAILS
|
Report
Prepared by : |
PRL |
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.