|
Report Date : |
27.06.2012 |
IDENTIFICATION DETAILS
|
Name : |
DAITHIENHA JOINT STOCK COMPANY |
|
|
|
|
Registered Office : |
No. 3, Nguyen Van Cu Street, Ka Long Ward, Mong Cai City,
Quang Ninh Province |
|
|
|
|
Country : |
Viet Nam |
|
|
|
|
Financials (as on) : |
31.12.2011 |
|
|
|
|
Date of Incorporation : |
18.06.2011 |
|
|
|
|
Com. Reg. No.: |
5700646493 |
|
|
|
|
Legal Form : |
Joint Stock Company |
|
|
|
|
Line of Business : |
Commercial
services, import and export of Rice seeds,
fertilizer, steel, iron Plastic beads, shell crab, sesame seeds |
|
|
|
|
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) |
|
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 |
|
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 |
Historical Identification &
Legal form
|
List |
Changed Items |
Date of changes |
|
1 |
Subject has got former
Address: Km3 Hai Yen, Mong Cai District, Quang Ninh Province, Vietnam Changed to: No. 3 Nguyen Van
Cu Street, Ka Long Ward, Mong Cai City, Quang Ninh Province |
18 Jan 2011 |
ADDRESSES
|
||
|
|
||
|
Head
Office |
||
|
Address |
|
No. 3, Nguyen Van Cu Street,
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 |
|
ID Issue Place |
|
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 |
|
China, India, Malaysia, Singapore |
|
·
Mode of payment |
|
T/T, CAD, L/C, D/P |
|
|
||
|
EXPORT:
|
||
|
·
Types of products |
|
Plastic beads, shell crab, sesame seeds,... |
|
·
Market |
|
China, Singapore |
|
|
||
BANKERS
|
||
|
|
||
|
1. JOINT STOCK COMMERCIAL BANK FOR FOREIGN TRADE OF VIETNAM MONG
CAI BRANCH |
||
|
Address |
|
No. 2 Van Don, Mong Cai City, Quang Ninh Province, Vietnam
|
|
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, Mong Cai City,
Quang Ninh Province, Vietnam |
|
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, Mong Cai City, Quang Ninh Province, Vietnam |
|||
|
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, Mong Cai City, Quang Ninh Province, Vietnam |
|||
|
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, Mong Cai City, Quang Ninh Province, Vietnam |
|||
|
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 |
|
Normal |
|
Financial Situation |
|
Average |
|
Development trend |
|
Positive |
|
Litigation data |
|
No Record |
|
Bankruptcy |
|
No Record |
|
Payment Methods |
|
T/T, L/C, CAD, D/P |
|
Sale Methods |
|
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, Mong Cai
Township. Subject is specialized in commercial services, transport services,
transportation service… Now subject imports rice seeds, fertilizer, steel,
magnesium oxide… from traditional markets such as China, India, Malaysia,
Singapore… Besides, it also exports plastic beads, shell crab to some
countries Asia. In 2009, subject achieved award Cultural Enterprise by Business
Cultural Center - Unesco. Mr. Pham Khac Kien - Chairman and General Director of subject also received golden
cup Cultural Entrepreneur by Vietnam Entrepreneur Cultural Center. 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. |
|
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.57.07 |
|
|
1 |
Rs.88.95 |
|
Euro |
1 |
Rs.71.40 |
INFORMATION DETAILS
|
Report Prepared
by : |
PDT |
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.