|
Report Date : |
22.06.2012 |
IDENTIFICATION DETAILS
|
Name : |
DAITHIENHA JOINT STOCK COMPANY |
|
|
|
|
Registered Office : |
No. 3, Nguyen Van Cu Str,
Ka Long Ward, |
|
|
|
|
Country : |
|
|
|
|
|
Financials (as on) : |
31.12.2011 |
|
|
|
|
Year of Establishment : |
2007 |
|
|
|
|
Com. Reg. No.: |
5700646493 |
|
|
|
|
Legal Form : |
Joint Stock Company |
|
|
|
|
Line of Business : |
The subject is
specialized in following business activities: |
|
|
|
|
No. of Employees : |
15 |
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 – March 31st, 2012
|
Country Name |
Previous Rating (31.12.2011) |
Current Rating (31.03.2012) |
|
|
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 |
|
DAITHIENHA JOINT STOCK COMPANY |
|
Vietnamese Name |
|
CONG TY CO PHAN DAI THIEN HA |
|
Short name |
|
DAITHIENHA.JSC |
|
Type of Business |
|
Joint stock company |
|
Year Established |
|
2007 |
|
Business Registration No. |
|
5700646493 |
|
Date of Registration |
|
18 Jan 2011 |
|
Place of Registration |
|
Quang Ninh Department of Planning and
Investment |
|
Chartered capital |
|
VND 10,000,000,000 |
|
Status |
|
Unlisted |
|
Tax code |
|
5700646493 |
|
Total Employees |
|
15 |
|
Size |
|
Small |
|
Note: The exact name of subject is above. The name
given THIEN HA JOINT STOCK COMPANY is not full. |
||
Historical Identification & Legal form
|
List |
Changed Items |
Date of changes |
|
1 |
Subject has got former Address: Km3 Hai
Yen, Mong Cai Dist, Changed to: No. 3 Nguyen Van Cu Str, Ka
Long Ward, |
18
Jan 2011 |
ADDRESSES
|
||
|
|
||
|
Head Office |
||
|
Address |
|
No. 3, Nguyen Van Cu Str, Ka Long Ward,
Mong Cai City, Quang Ninh Province, Vietnam |
|
Telephone |
|
(84-33) 3772772 |
|
Fax |
|
(84-33) 3886258 |
|
Email |
|
|
|
Website |
|
|
|
|
||
DIRECTORS
|
||
|
|
||
|
1.
NAME |
|
Mr.
PHAM KHAC KIEN |
|
Position |
|
Chairman and General Director |
|
Date of Birth |
|
01 Nov 1974 |
|
ID Number/Passport |
|
B2554661 |
|
ID Issue Date |
|
23 Sep 2009 |
|
|
|
Quang Ninh Police |
|
Resident |
|
Group 10, Block 1, Ka
Long Ward, Mong Cai City, Quang Ninh Province, Vietnam |
|
Tel/Mobil phone |
|
+84 913264016 |
|
Email |
|
pham_khac_kien@yahoo.com |
|
|
||
|
2.
NAME |
|
Mr.
PHAM KHAC TRUNG |
|
Position |
|
Director Business |
|
ID Number/Passport |
|
100818764 |
|
Resident |
|
Group 10, Block 1, Ka
Long Ward, Mong Cai City, Quang Ninh Province, Vietnam |
|
Tel/Mobil phone |
|
+84 913252636 |
|
|
||
BUSINESS NATURE AND ACTIVITIES
|
|
|
|
The subject is specialized in following business activities:
|
|
|
IMPORT & EXPORT ACTIVITIES
|
||
|
|
||
|
IMPORT: |
||
|
·
Types of products |
|
Rice seeds, fertilizer, steel, iron, magnesium oxide… |
|
·
Market |
|
|
|
·
Mode of payment |
|
T/T, CAD, L/C, D/P |
|
|
||
|
EXPORT: |
||
|
·
Types of products |
|
Plastic beads, shell crab, sesame seeds,... |
|
·
Market |
|
|
|
|
||
BANKERS
|
||
|
|
||
|
1.
JOINT STOCK COMMERCIAL BANK FOR FOREIGN TRADE OF |
||
|
Address |
|
No. 2 Van Don, |
|
Telephone |
|
(84-33) 3882193 |
|
Fax |
|
(84-33) 3881676 |
|
|
||
|
2.
VIET NAM BANK FOR AGRICULTURE AND RURAL DEVELOPMENT MONG CAI BRANCH |
||
|
Address |
|
No. 24 Chu Van An Street, Hoa Lac Ward, |
|
Telephone |
|
(84-33) 3777 177 |
|
Fax |
|
(84-33) 3777 175 |
|
|
||
SHAREHOLDERS
|
|||||
|
|
|||||
Following are foundation shareholders:
|
|||||
|
1.
NAME |
|
Mr.
PHAM KHAC KIEN |
|||
|
Position |
|
Chairman and General Director |
|||
|
Date of Birth |
|
01 Nov 1974 |
|||
|
ID Number/Passport |
|
B2554661 |
|||
|
Issued on |
|
23 Sep 2009 |
|||
|
Issued Place |
|
Quang Ninh Police Station |
|||
|
Resident |
|
Group 10, Block 1, Ka Long Ward, |
|||
|
Email |
|
pham_khac_kien@yahoo.com |
|||
|
Mobile phone |
|
+84 913264016 |
|||
|
Number of Shares |
|
45,000 |
|||
|
Value of shares |
|
VND 4,500,000,000 |
|||
|
Percentage |
|
45% |
|||
|
|
|||||
|
2.
NAME |
|
Mr.
PHAM KHAC TRUNG |
|||
|
Position |
|
Director Business |
|||
|
ID Number/Passport |
|
100818764 |
|||
|
Resident |
|
Group 10, Block 1, Ka Long Ward, |
|||
|
Mobile phone |
|
++84 913252636 |
|||
|
Number of Shares |
|
15,000 |
|||
|
Value of shares |
|
VND 1,500,000,000 |
|||
|
Percentage |
|
15% |
|||
|
|
|||||
|
3.
NAME |
|
Ms.
PHAM THI HONG NGAN |
|||
|
ID Number/Passport |
|
100877598 |
|||
|
Resident |
|
Group 10, Lane 1, Ka Long Ward, |
|||
|
Number of Shares |
|
10,000 |
|||
|
Value of shares |
|
VND 1,000,000,000 |
|||
|
Percentage |
|
10% |
|||
|
|
|||||
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 |
||
|
Audit status |
Unaudited |
N/A |
N/A |
||
ASSETS
|
|||||
|
A – CURRENT
ASSETS |
58,098,000,000 |
55,886,000,000 |
24,058,000,000 |
||
|
I. Cash and cash
equivalents |
5,990,000,000 |
30,961,000,000 |
952,000,000 |
||
|
1. Cash |
5,275,000,000 |
30,961,000,000 |
952,000,000 |
||
|
2. Cash equivalents |
715,000,000 |
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 |
39,892,000,000 |
23,928,000,000 |
16,920,000,000 |
||
|
1. Receivable from customers |
39,458,000,000 |
23,200,000,000 |
16,920,000,000 |
||
|
2. Prepayments to suppliers |
0 |
0 |
0 |
||
|
3. Inter-company receivable |
0 |
0 |
0 |
||
|
4. Receivable according to the progress of construction |
0 |
0 |
0 |
||
|
5. Other receivable |
434,000,000 |
728,000,000 |
0 |
||
|
6. Provisions for bad debts |
0 |
0 |
0 |
||
|
IV. Inventories |
12,216,000,000 |
997,000,000 |
6,149,000,000 |
||
|
1. Inventories |
12,216,000,000 |
997,000,000 |
6,149,000,000 |
||
|
2. Provisions for devaluation of inventories |
0 |
0 |
0 |
||
|
V. Other Current
Assets |
0 |
0 |
37,000,000 |
||
|
1. Short-term prepaid expenses |
0 |
0 |
37,000,000 |
||
|
2. VAT to be deducted |
0 |
0 |
0 |
||
|
3. Taxes and other accounts receivable from the State |
0 |
0 |
0 |
||
|
4. Other current assets |
0 |
0 |
0 |
||
|
B. LONG-TERM
ASSETS |
1,084,000,000 |
2,094,000,000 |
2,558,000,000 |
||
|
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
|
1,047,000,000 |
2,057,000,000 |
2,558,000,000 |
||
|
1. Tangible assets |
1,047,000,000 |
2,057,000,000 |
2,558,000,000 |
||
|
- Historical costs |
2,436,000,000 |
3,479,000,000 |
3,479,000,000 |
||
|
- Accumulated depreciation |
-1,389,000,000 |
-1,422,000,000 |
-921,000,000 |
||
|
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 |
0 |
0 |
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 |
37,000,000 |
37,000,000 |
0 |
||
|
1. Long-term prepaid expenses |
37,000,000 |
37,000,000 |
0 |
||
|
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 |
59,182,000,000 |
57,980,000,000 |
26,616,000,000 |
||
|
|
|||||
LIABILITIES
|
|||||
|
A- LIABILITIES |
46,307,000,000 |
45,953,000,000 |
15,224,000,000 |
||
|
I. Current
liabilities |
46,307,000,000 |
45,953,000,000 |
14,931,000,000 |
||
|
1. Short-term debts and loans |
6,720,000,000 |
13,238,000,000 |
6,700,000,000 |
||
|
2. Payable to suppliers |
35,582,000,000 |
32,021,000,000 |
8,151,000,000 |
||
|
3. Advances from customers |
4,005,000,000 |
0 |
0 |
||
|
4. Taxes and other obligations to the State Budget |
0 |
694,000,000 |
80,000,000 |
||
|
5. Payable to employees |
0 |
0 |
0 |
||
|
6. Accrued expenses |
0 |
0 |
0 |
||
|
7. Inter-company payable |
0 |
0 |
0 |
||
|
8. Payable according to the progress of construction contracts |
0 |
0 |
0 |
||
|
9. Other payable |
0 |
0 |
0 |
||
|
10. Provisions for short-term accounts payable |
0 |
0 |
0 |
||
|
II. Long-Term
Liabilities |
0 |
0 |
293,000,000 |
||
|
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 |
0 |
0 |
||
|
4. Long-term debts and loans |
0 |
0 |
293,000,000 |
||
|
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 |
||
|
B- OWNER’S
EQUITY |
12,875,000,000 |
12,027,000,000 |
11,392,000,000 |
||
|
I. OWNER’S
EQUITY |
12,875,000,000 |
12,027,000,000 |
11,392,000,000 |
||
|
1. Capital |
10,000,000,000 |
10,000,000,000 |
10,000,000,000 |
||
|
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 |
0 |
0 |
0 |
||
|
8. Financial reserved fund |
0 |
0 |
0 |
||
|
9. Other funds |
0 |
0 |
0 |
||
|
10. Retained earnings |
2,875,000,000 |
0 |
1,392,000,000 |
||
|
11. Construction investment fund |
0 |
2,027,000,000 |
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 |
59,182,000,000 |
57,980,000,000 |
26,616,000,000 |
||
|
|
|||
|
PROFIT
& LOSS STATEMENT |
|||
|
|
|||
|
Description |
FY2011 |
FY2010 |
FY2009 |
|
1. Total Sales |
756,976,000,000 |
578,371,000,000 |
223,151,000,000 |
|
2. Deduction item |
0 |
0 |
0 |
|
3. Net revenue |
756,976,000,000 |
578,371,000,000 |
223,151,000,000 |
|
4. Costs of goods sold |
750,610,000,000 |
568,877,000,000 |
219,175,000,000 |
|
5. Gross profit |
6,366,000,000 |
9,494,000,000 |
3,976,000,000 |
|
6. Financial income |
544,000,000 |
194,000,000 |
0 |
|
7. Financial expenses |
1,649,000,000 |
5,514,000,000 |
525,000,000 |
|
- In which: Loan interest expenses |
1,214,000,000 |
240,000,000 |
0 |
|
8. Selling expenses |
3,404,000,000 |
2,603,000,000 |
881,000,000 |
|
9. Administrative overheads |
724,000,000 |
724,000,000 |
714,000,000 |
|
10. Net operating profit |
1,133,000,000 |
847,000,000 |
1,856,000,000 |
|
11. Other income |
0 |
0 |
0 |
|
12. Other expenses |
0 |
0 |
0 |
|
13. Other profit /(loss) |
0 |
0 |
0 |
|
14. Total accounting profit before tax |
1,133,000,000 |
847,000,000 |
1,856,000,000 |
|
15. Current corporate income tax |
283,000,000 |
212,000,000 |
465,000,000 |
|
16. Deferred corporate income tax |
0 |
0 |
0 |
|
17. Interest from subsidiaries/related companies |
0 |
0 |
0 |
|
18. Profit after tax |
850,000,000 |
635,000,000 |
1,391,000,000 |
|
|
||||
|
FINANCIAL RATIOS
AND AVERAGE INDUSTRY RATIOS |
||||
|
|
||||
|
Description |
FY2011 |
FY2010 |
FY2009 |
Average Industry |
|
Current liquidity ratio |
1.25 |
1.22 |
1.61 |
1.21 |
|
Quick liquidity ratio |
0.99 |
1.19 |
1.20 |
0.72 |
|
Inventory circle |
61.44 |
570.59 |
27.80 |
12.25 |
|
Average receive period |
19.24 |
15.10 |
27.68 |
51.49 |
|
Utilizing asset performance |
12.79 |
9.98 |
8.38 |
2.30 |
|
Liability by total assets |
78.25 |
79.26 |
57.20 |
59.32 |
|
Liability by owner's equity |
359.67 |
382.08 |
133.64 |
229.17 |
|
Ebit / Total assets (ROA) |
3.97 |
1.87 |
6.97 |
8.16 |
|
Ebit / Owner's equity (ROE) |
18.23 |
9.04 |
16.29 |
24.08 |
|
Ebit / Total revenue (NPM) |
0.31 |
0.19 |
0.83 |
6.61 |
|
Gross profit / Total revenue (GPM) |
0.84 |
1.64 |
1.78 |
16.82 |
|
Note: The Average Industry was calculated by VietnamCredit based on our own
statistical data |
||||
|
|
||
|
CASH
FLOW STATEMENT |
||
|
(Indirect method) |
||
|
Items |
FY2011 |
FY2010 |
|
I. Cash flows
from operating activities |
||
|
1. Profit before tax |
1,133,000,000 |
847,000,000 |
|
2. Adjustments |
|
|
|
- Depreciation and amortization |
-33,000,000 |
501,000,000 |
|
- Provisions |
0 |
0 |
|
- Unrealized foreign exchange difference |
0 |
0 |
|
- Gain/loss from investing activities |
0 |
0 |
|
- Interest expense |
1,214,000,000 |
240,000,000 |
|
3. Operating profit before movements in working
capital |
2,314,000,000 |
1,588,000,000 |
|
- (Increase)/Decrease in receivables |
-15,964,000,000 |
-7,009,000,000 |
|
- (Increase)/Decrease in inventories |
-11,219,000,000 |
5,152,000,000 |
|
- Increase/(Decrease) in accounts payable |
7,566,000,000 |
23,870,000,000 |
|
- (Increase)/Decrease in prepaid expenses |
0 |
0 |
|
- Interest paid |
-1,214,000,000 |
-240,000,000 |
|
- Corporate income tax paid |
-977,000,000 |
403,000,000 |
|
- Other cash inflows |
0 |
0 |
|
- Other cash outflows |
-2,000,000 |
0 |
|
Net cash from (used in) operating activities |
-19,496,000,000 |
23,764,000,000 |
|
II. Cash flows
from investing activities |
||
|
1. Acquisition of fixed assets and other long - term assets |
1,043,000,000 |
0 |
|
2. Proceeds from fixed assets and long - term assets disposal |
0 |
0 |
|
3. Cash outflow for lending, buying debt instruments of other
companies |
0 |
0 |
|
4. Cash recovered from lending, selling debt instruments of other
companies |
0 |
0 |
|
5. Investment in other entities |
0 |
0 |
|
6. Cash recovered from investments in other entities |
0 |
0 |
|
7. Interest income, dividend and profit paid |
0 |
0 |
|
Net cash from (used in) investing activities |
1,043,000,000 |
0 |
|
III. Cash flows
from financing activities |
||
|
1. Proceeds from issuing stocks, receiving capital from owners |
0 |
0 |
|
2. Capital withdrawal, buying back issued stocks |
0 |
0 |
|
3. Proceeds from borrowings |
-6,518,000,000 |
6,245,000,000 |
|
4. Repayment of borrowings |
0 |
0 |
|
5. Repayment of obligations under finance leased |
0 |
0 |
|
6. Dividends paid |
0 |
0 |
|
Net cash from (used in) financing activities |
-6,518,000,000 |
6,245,000,000 |
|
Net increase/(decrease) in cash and cash equivalents |
-24,971,000,000 |
30,009,000,000 |
|
Cash and cash equivalents at beginning of year |
30,961,000,000 |
952,000,000 |
|
Effect from changing foreign exchange rate |
0 |
0 |
|
Cash and cash equivalents at end of year |
5,990,000,000 |
30,961,000,000 |
|
|
||
PAYMENT HISTORY & PERFORMANCE EXPERIENCES
|
||
|
|
||
|
Trade Morality |
|
Fair |
|
Liquidity |
|
Low/Medium |
|
Payment status |
|
|
|
Financial Situation |
|
Average |
|
Development trend |
|
Positive |
|
Litigation data |
|
No Record |
|
Bankruptcy |
|
No Record |
|
Payment Methods |
|
T/T, L/C, CAD, D/P |
|
|
|
Retailer and Wholesaler |
|
Public opinion |
|
Good |
|
|
|
INTERPRETATION ON THE SCORES
|
|
|
|
|
|
Founded
in 2007 in Quang Ninh province, subject operated under name of DAITHIENHA JOINT
STOCK COMPANY following business registration No. 5700646493 which is also
its tax code. Charter capital of subject is VND 10 billion that contributed
by 3 shareholders. Subject
is operating with the humble force labor of 15 persons. Head office is located
at No. 3, Nguyen Van Cu Str., Ka Long Ward, In
2009, subject achieved award Cultural Enterprise by Financially, in 2011 turnover of subject reached VND
756,976 million but subject only retained VND 6,366 million of gross profit
due to high cost. Profit after tax increased humbly with VND 215 million
although subject cut down its financial expenses. At the end of 2011, value
of total asset increased slightly, however inventories had a largest
proportion of current assets in recent years. Liabilities ratios had reduce
but negligible, it was still much higher than average industry. In addition,
liquidity had downtrend year by year showing that subject is not very safe
for creditors. In short, subject is a small company and it is operating normally. With its financial situation, subject can afford the given credit limit. |
|
------------ 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.56.42 |
|
|
1 |
Rs.88.45 |
|
Euro |
1 |
Rs.71.52 |
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.