|
Report Date : |
17.07.2012 |
IDENTIFICATION DETAILS
|
Name : |
ZAMIL STEEL BUILDING VIETNAM COMPANY LIMITED |
|
|
|
|
Registered Office : |
Noi Bai Industrial Zone Quang Tien Commune, Soc Son Dist,
Ha |
|
|
|
|
Country : |
|
|
|
|
|
Financials (as on) : |
31.12.2011 |
|
|
|
|
Year of Establishment : |
1997 |
|
|
|
|
Legal Form : |
Limited liability company |
|
|
|
|
Line of Business : |
Manufacture and trading main frames |
|
|
|
|
No. of Employees : |
1,200 |
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 – March 31st, 2012
|
Country Name |
Previous Rating (31.12.2011) |
Current Rating (31.03.2012) |
|
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
|
||
|
English Name |
|
ZAMIL STEEL BUILDING VIETNAM COMPANY
LIMITED |
|
Vietnamese Name |
|
CONG TY TNHH NHA THEP TIEN CHE ZAMIL VIET
NAM |
|
Trade name |
|
ZAMIL STEEL VIETNAM |
|
Short name |
|
ZSV |
|
Type of Business |
|
Limited liability company |
|
Year Established |
|
1997 |
|
Investment Certificate No |
|
012023000079 |
|
Date Of Issuance |
|
21 Nov 2007 |
|
Place of Issuance |
|
Hanoi Industrial Zone Authority |
|
Registered Investment Capital |
|
USD 44,000,000 |
|
Chartered capital |
|
USD 13,200,000 |
|
Status |
|
Unlisted |
|
Tax code |
|
0100680623 |
|
Total Employees |
|
1,200 |
|
Size |
|
Large |
Historical Identification & Legal form
|
List |
Changed Items |
Date of changes |
|
1 |
Subject has got former Chartered capital:
6,666,666 USD Changed to: 13,200,000 USD |
04
Nov 2008 |
|
2 |
Subject has got former Registered
Investment Capital: 34,500,000 USD Changed to: 44,000,000 USD |
04
Nov 2008 |
|
3 |
Subject has got former Investment
Certificate No: No.1937/GP signed by Ministry of Planning and Investment on
June 27th, 1997 Changed to: 012023000079 by Hanoi
Industrial Zone Authority |
21
Nov 2007 |
ADDRESSES
|
||
|
|
||
|
Head Office |
||
|
Address |
|
Noi Bai Industrial Zone Quang Tien
Commune, Soc Son Dist, Ha Noi City, Vietnam |
|
Telephone |
|
(84-4) 35820800 |
|
Fax |
|
(84-4) 35820801 |
|
Email |
|
|
|
Website |
|
|
|
Notes: The correct phone contact of the subject is like above. |
||
|
Factory Address |
||
|
Address |
|
No. 214-216 Amata Industrial Zone, Long
Binh Ward, Bien Hoa City, Dong Nai Province, Vietnam |
|
Telephone |
|
(84-61) 3936888 |
|
Fax |
|
(84-61) 3936889 |
|
Email |
|
|
|
|
||
|
Branch in Ha Noi
|
||
|
Address |
|
SALES OFFICE - Unit 901- 902 Deaha center -
360 Kim Ma, Ba Dinh District, Ha Noi City, Vietnam |
|
Telephone |
|
(84-4) 3831 5002 |
|
Fax |
|
(84-4) 3831 5276 |
|
Email |
|
|
|
Note: Tarek S. ElAwar - Local director |
||
|
|
||
|
Branch in Hai
Phong |
||
|
Address |
|
SALES OFFICE - Habbor View Building - No.4
Tran Phu, Hong Bang District, Hai Phong City, Vietnam |
|
Telephone |
|
(84-31) 382 7607 |
|
Fax |
|
(84-31) 355 2544 |
|
Email |
|
|
|
Note: Tran Duc Kien - Sales and Marketing
Director |
||
|
|
||
|
Branch in Da
Nang |
||
|
Address |
|
SALES OFFICE - Floor 9 - Hoang Anh Gia Lai
Plaza, No.1 Nguyen Van Linh, , Da Nang City, Vietnam |
|
Telephone |
|
(84-511) 381 7995 |
|
Fax |
|
(84-511) 381 7996 |
|
Email |
|
|
|
Note: Vo Xuan Thien - Sales and Marketing
Director |
||
|
|
||
|
Branch in Ho Chi
Minh |
||
|
Address |
|
SALES OFFICE - Floor 12, Gemadept Tower,
No.6 Le Thanh Ton, 1 District, Ho Chi Minh City, Vietnam |
|
Telephone |
|
(84-8) 3827 5755 |
|
Fax |
|
(84-8) 3827 5754 |
|
Email |
|
|
|
Note: Nguyen Minh Phuong - Local Director |
||
|
|
||
DIRECTORS
|
||
|
|
||
|
1.
NAME |
|
Mr.
ADIB IBRAHIM ABDULAH AL ISSA |
|
Position |
|
General Director |
|
Date of Birth |
|
26 Apr 1960 |
|
ID Number/Passport |
|
2519027 |
|
ID Issue Date |
|
14 Feb 2010 |
|
ID Issue Place |
|
Ramallah City,
Palestine |
|
Resident |
|
King Abdulah Street
and 29 Al-Khor, Saudi Arabia |
|
Current resident |
|
P1, 7 Floor G3 House, Ciputra Zones, Tay
Ho District, Ha Noi City, Vietnam |
|
Nationality |
|
Palestinian |
|
Note:
Mr. George
Elias Kobrosssy (not Mr. George E Bobrossy) now is not general
Director of the subject. Mr. Adib Ibrahim Abdulah Al Issa replaced Mr. George
for General Director at the end of 2010, early 2011. |
||
|
2.
NAME |
|
Mr.
HAROLD KANNANGARA |
|
Position |
|
Financial Director |
|
Nationality |
|
Sri Lanka |
|
Years of experience |
|
From Jan 2007 to now |
|
|
||
|
3.
NAME |
|
Mr.
TRAN NGOC SON |
|
Position |
|
Chief Accountant |
|
Nationality |
|
Vietnamese |
|
|
||
BUSINESS NATURE AND ACTIVITIES
|
|
|
|
The
subject specializes in: - Manufacture and trading main frames |
|
|
IMPORT & EXPORT ACTIVITIES
|
||
|
|
||
|
IMPORT: |
||
|
·
Types of products |
|
Materials and equipments, stationery. |
|
·
Market |
|
Japan, Korea, Thailand, Taiwan, China, Arab ... |
|
·
Mode of payment |
|
L/C (mainly), T/T |
|
|
||
|
EXPORT: |
||
|
·
Types of products |
|
Pre-steel frame |
|
·
Market |
|
Asian, Japan, China, Mongolia, Australia and South East Asia countries
|
|
·
Mode of payment |
|
L/C (mainly), T/T |
|
|
||
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 |
|
Foreign Currency Account |
|
3001965 |
|
VND Account |
|
3004853 |
|
SWIFT Code |
|
ANZBVNVX |
|
|
||
SHAREHOLDERS
|
||
|
|
||
|
1.
NAME |
|
UNIVERSAL
BUILDING SYSTEMS COMPANY LIMITED |
|
Business Registration |
|
63271 |
|
Date of Registration |
|
11 Oct 1995 |
|
Place of Registration |
|
Chanel Islands |
|
Address |
|
P.O Box 61 Seaton Place, St. Helier, Jersey
JE 49 PD Chanel Islands, Saudi Arabia |
|
Value of shares |
|
USD 12,180,000 |
|
Percentage |
|
92.27% |
|
|
||
|
2.
NAME |
|
MITSUI
COMPANY LIMITED |
|
Address |
|
2-1, Ohtemachi 1-chome Chiyoda-ku - Tokyo 100-0004, Japan |
|
Tel |
|
(81-3) 32851111 |
|
Fax |
|
(81-3) 32859819 |
|
Website |
|
www.mitsui.co.jp |
|
Value of shares |
|
USD 1,020,000 |
|
Percentage |
|
7.73% |
|
|
||
FINANCIAL DATA
|
|||
|
|
|||
|
BALANCE
SHEET |
|||
Unit: One VND
|
|||
|
Balance sheet
date |
31/12/2011 |
31/12/2010 |
31/12/2009 |
|
Number of weeks |
52 |
52 |
52 |
ASSETS
|
|||
|
A – CURRENT
ASSETS |
1,038,732,787,148
|
1,060,323,956,040
|
834,639,917,111 |
|
I. Cash and cash
equivalents |
69,635,835,328 |
61,133,529,452 |
216,244,918,274 |
|
1. Cash |
24,635,837,444 |
19,967,523,604 |
78,655,622,507 |
|
2. Cash equivalents |
44,999,997,884 |
41,166,005,848 |
137,589,295,767 |
|
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 |
293,566,952,616 |
390,384,011,832 |
174,780,450,537 |
|
1. Receivable from customers |
312,844,141,392 |
375,061,908,796 |
161,022,071,749 |
|
2. Prepayments to suppliers |
14,644,979,092 |
8,582,064,920 |
9,720,541,446 |
|
3. Inter-company receivable |
0 |
4,210,438,936 |
4,786,533,213 |
|
4. Receivable according to the progress of construction |
0 |
0 |
3,384,085,243 |
|
5. Other receivable |
3,568,232,132 |
2,529,599,180 |
0 |
|
6. Provisions for bad debts |
-37,490,400,000 |
0 |
-4,132,781,114 |
|
IV. Inventories |
604,836,163,960 |
544,695,544,324 |
393,691,222,001 |
|
1. Inventories |
609,254,178,492 |
548,613,427,064 |
393,691,222,001 |
|
2. Provisions for devaluation of inventories |
-4,418,014,532 |
-3,917,882,740 |
0 |
|
V. Other Current
Assets |
70,693,835,244 |
64,110,870,432 |
49,923,326,299 |
|
1. Short-term prepaid expenses |
3,682,890,272 |
3,883,729,412 |
5,475,521,436 |
|
2. VAT to be deducted |
36,283,896,444 |
38,636,785,308 |
13,289,078,110 |
|
3. Taxes and other accounts receivable from the State |
23,657,671,252 |
12,703,731,708 |
5,054,679,399 |
|
4. Other current assets |
7,069,377,276 |
8,886,624,004 |
26,104,047,354 |
|
B. LONG-TERM
ASSETS |
398,253,833,412 |
375,393,900,348 |
373,725,633,974 |
|
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
|
384,571,503,652 |
369,745,670,672 |
368,597,916,764 |
|
1. Tangible assets |
343,722,234,576 |
330,838,290,288 |
334,998,693,722 |
|
- Historical costs |
662,748,251,336 |
588,951,120,048 |
549,450,714,043 |
|
- Accumulated depreciation |
-319,026,016,760 |
-258,112,829,760 |
-214,452,020,321 |
|
2. Financial leasehold assets |
0 |
1,137,661,744 |
1,226,554,406 |
|
- Historical costs |
0 |
1,551,231,284 |
1,470,031,717 |
|
- Accumulated depreciation |
0 |
-413,569,540 |
-243,477,311 |
|
3. Intangible assets |
35,513,406,240 |
32,590,756,448 |
31,821,413,470 |
|
- Initial costs |
54,880,467,836 |
48,296,667,920 |
44,806,822,214 |
|
- Accumulated amortization |
-19,367,061,596 |
-15,705,911,472 |
-12,985,408,744 |
|
4. Construction-in-progress |
5,335,862,836 |
5,178,962,192 |
551,255,166 |
|
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 |
13,682,329,760 |
5,648,229,676 |
5,127,717,210 |
|
1. Long-term prepaid expenses |
6,499,752,304 |
1,529,686,668 |
5,127,717,210 |
|
2. Deferred income tax assets |
7,182,577,456 |
4,118,543,008 |
0 |
|
3. Other long-term assets |
0 |
0 |
|
|
VI. Goodwill |
0 |
|
|
|
1. Goodwill |
0 |
|
|
|
TOTAL ASSETS |
1,436,986,620,560
|
1,435,717,856,388
|
1,208,365,551,085
|
|
|
|||
LIABILITIES
|
|||
|
A- LIABILITIES |
1,013,247,354,756
|
978,666,396,844 |
792,905,473,206 |
|
I. Current
liabilities |
892,590,750,756 |
792,730,453,980 |
543,070,158,862 |
|
1. Short-term debts and loans |
144,113,410,020 |
157,314,242,352 |
37,735,969,117 |
|
2. Payable to suppliers |
517,767,334,288 |
140,864,681,920 |
124,310,515,791 |
|
3. Advances from customers |
76,406,872,332 |
65,580,126,156 |
87,669,127,084 |
|
4. Taxes and other obligations to the State Budget |
15,622,937,004 |
13,172,374,436 |
8,510,546,583 |
|
5. Payable to employees |
15,880,995,924 |
13,083,886,268 |
11,901,682,639 |
|
6. Accrued expenses |
104,927,902,412 |
77,025,504,620 |
8,731,292,647 |
|
7. Inter-company payable |
0 |
307,293,527,420 |
234,759,617,631 |
|
8. Payable according to the progress of construction contracts |
0 |
0 |
0 |
|
9. Other payable |
17,871,298,776 |
18,396,110,808 |
29,451,407,370 |
|
10. Provisions for short-term accounts payable |
0 |
0 |
0 |
|
II. Long-Term
Liabilities |
120,656,604,000 |
185,935,942,864 |
249,835,314,344 |
|
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 |
333,594,954 |
|
4. Long-term debts and loans |
120,656,604,000 |
168,229,752,000 |
234,423,385,350 |
|
5. Deferred income tax payable |
0 |
0 |
0 |
|
6. Provisions for unemployment allowances |
0 |
17,706,190,864 |
15,078,334,040 |
|
7. Provisions for long-term accounts payable |
0 |
0 |
0 |
|
B- OWNER’S
EQUITY |
423,739,265,804 |
457,051,459,544 |
415,460,077,879 |
|
I. OWNER’S
EQUITY |
423,739,265,804 |
457,051,459,544 |
415,460,077,879 |
|
1. Capital |
274,929,600,000 |
249,902,400,000 |
236,821,200,000 |
|
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 |
148,809,665,804 |
207,149,059,544 |
178,638,877,879 |
|
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 |
1,436,986,620,560
|
1,435,717,856,388
|
1,208,365,551,085
|
|
|
|||
|
PROFIT
& LOSS STATEMENT |
|||
|
|
|||
|
Description |
FY2011 |
FY2010 |
FY2009 |
|
1. Total Sales |
1,524,442,726,064
|
1,719,068,007,680
|
1,033,925,746,315
|
|
2. Deduction item |
0 |
0 |
0 |
|
3. Net revenue |
1,524,442,726,064
|
1,719,068,007,680
|
1,033,925,746,315
|
|
4. Costs of goods sold |
1,177,259,148,652 |
1,293,712,748,652 |
736,664,474,931 |
|
5. Gross profit |
347,183,577,412 |
425,355,259,028 |
297,261,271,384 |
|
6. Financial income |
8,813,347,372 |
11,393,372,260 |
26,657,437,499 |
|
7. Financial expenses |
36,854,146,256 |
22,857,966,704 |
27,059,549,132 |
|
- In which: Loan interest expenses |
0 |
0 |
0 |
|
8. Selling expenses |
210,375,463,424 |
226,708,030,588 |
165,645,610,977 |
|
9. Administrative overheads |
190,784,917,388 |
166,163,627,112 |
124,858,559,518 |
|
10. Net operating profit |
-82,017,602,284 |
21,019,006,884 |
6,354,989,256 |
|
11. Other income |
499,080,536 |
4,727,585,448 |
1,129,009,189 |
|
12. Other expenses |
217,985,848 |
3,829,375,640 |
19,753,041 |
|
13. Other profit /(loss) |
281,094,688 |
898,209,808 |
1,109,256,148 |
|
14. Total accounting profit before tax |
-81,736,507,596 |
21,917,216,692 |
7,464,245,404 |
|
15. Current corporate income tax |
0 |
7,392,983,864 |
924,930,314 |
|
16. Deferred corporate income tax |
-2,651,571,024 |
4,118,543,008 |
0 |
|
17. Interest from subsidiaries/related companies |
0 |
0 |
0 |
|
18. Profit after tax |
-79,084,936,572 |
18,642,775,836 |
6,539,315,090 |
|
|
||||
|
FINANCIAL RATIOS
AND AVERAGE INDUSTRY RATIOS |
||||
|
|
||||
|
Description |
FY2011 |
FY2010 |
FY2009 |
Average Industry |
|
Current liquidity ratio |
1.16 |
1.34 |
1.54 |
1.18 |
|
Quick liquidity ratio |
0.49 |
0.65 |
0.81 |
0.54 |
|
Inventory circle |
1.95 |
2.76 |
1.87 |
3.48 |
|
Average receive period |
70.29 |
82.89 |
61.70 |
62.32 |
|
Utilizing asset performance |
1.06 |
1.20 |
0.86 |
1.02 |
|
Liability by total assets |
70.51 |
68.17 |
65.62 |
64.29 |
|
Liability by owner's equity |
239.12 |
214.13 |
190.85 |
198.96 |
|
Ebit / Total assets (ROA) |
-5.69 |
1.53 |
0.62 |
6.25 |
|
Ebit / Owner's equity (ROE) |
-19.29 |
4.80 |
1.80 |
16.74 |
|
Ebit / Total revenue (NPM) |
-5.36 |
1.27 |
0.72 |
5.52 |
|
Gross profit / Total revenue (GPM) |
22.77 |
24.74 |
28.75 |
13.15 |
|
Note: The Average Industry was calculated by VietnamCredit based on our own
statistical data |
||||
|
|
||||
PAYMENT HISTORY & PERFORMANCE EXPERIENCES
|
||
|
|
||
|
Trade Morality |
|
Good |
|
Liquidity |
|
Medium |
|
Payment status |
|
Above Average |
|
Financial Situation |
|
Above Average |
|
Development trend |
|
Uptrend |
|
Litigation data |
|
No |
|
Bankruptcy |
|
No |
|
Payment Methods |
|
TT, L/C, DA, DP |
|
Sale Methods |
|
To contracts |
|
Public opinion |
|
Good |
|
|
|
CREDIT INQUIRY: 125,000 USD Against D/A in terms Acceptable. |
|
|
INTERPRETATION ON THE SCORES
|
|
|
|
The subject company was
original invested by ZAMIL INDUSTRIAL INVESTMENT COMPANY (90%) and MITSUI
& CO., LTD (10%) and then, the investor was changed with UNIVERSAL
BUILDING SYSTEMS COMPANY LIMITED (92.27%) and MITSUI COMPANY LIMITED
(7.73%). In early 2011, Mr. Adib Ibrahim Abdulah Al - Issa was official
appointed to replace Mr. George Elias Kobrosssy for the position of General
Director. Mr. Adib Ibrahim Abdulah Al Issa is responsible for managing two
factories in Vietnam and 10 other sale offices in Asia Pacific. ZSV is ranked as a
large -sized business with a labor force of over 1,200 persons and a
chartered capital of USD 13,200,000 and investment capital of USD 44,000,000.
Currently, the subject has two factories. One located in Noi Bai Industry
Zone, Quang Tien Commune, Ha Noi with initial output of 600 MT of steel
building per month and rapidly reached 4000 MT of pre-engineered steel
building per month; the second factory located in Dong Nai Province came into
official operation from 2008 with the production capacity of 4,500 MT of
pre-engineered steel buildings per month; boosting the total production of
ZSV to 100,000 metric tons annually. ZSV has representative
office in almost countries in ASEAN such as Singapore, Thailand, the
Philippines, Cambodia, Myanmar, Malaysia; this creates a larger selling
network for the subject to reach foreign countries. Up to now, the subject
has received many different awards. In the year of 2010, it gets Golden
Dragon Award for Most prominent foreign invested enterprise, it also receive the
ISO 14001 and OHSAS 18001 by Bureau Veritas. Financially, in 2011,
the business result of the subject was worse than that in 2010 and 2009. Both
total sales and profit after tax were lower. In particularly, total sales and
profit after tax decreased 11.32% and 524.21%. This year, high costs of goods
sold as well as financial expenses and administrative overheads made profit
after tax are lower. Due to worse operating result, financial
indicators of the subject in 2011 were downtrend. Current assets reduced
(mainly the decrease in account receivables) while current liabilities
increased, which caused current liquidity ratio declined in comparison with
that in the previous year. Inventories in 2011 rose and took more than half
part in current assets; therefore, quick liquidity ratio was low. Debt ratio
and liability by owner’s equity were higher than the average industry. In
debt structure, the subject mainly used external borrowing and the capital
took advantages from its suppliers. Profitability indicators were worse due
to the negative amount in profit in 2011. The analysis above is the previous year’s business
result. Through interview Mr. Hung – Accountant, he revealed that in the
first 6 months of 2012, the subject gained 3 million USD in total sales and 1
million USD in profit after tax. Two Quarters of 2012 went by, the subject
recorded positive result in its operation. In
general, subject is a big company in the industry and its future is
considered solidity and stable. It has capacity to meet financial commitments
and no caution needed for the business transactions. |
------------ APPENDIX ----------
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) |
||
|
2011 |
2010 |
|||||
|
Agriculture,
Forestry and Fishing |
4.00 |
2.78 |
8,749 |
23,896.3 |
81,559 |
|
|
Industry and
Construction |
5.53 |
7.70 |
85,115 |
10,630 |
2,751,975 |
|
|
Trade and
Services |
6.69 |
7.52 |
154,978 |
14,522 |
4,939,069 |
|
|
|
||||||
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.54.92 |
|
|
1 |
Rs.85.47 |
|
Euro |
1 |
Rs.67.15 |
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.