MIRA INFORM REPORT
|
Report Date : |
06.03.2012 |
IDENTIFICATION DETAILS
|
Name : |
ORIENTAL
COPPER CO., LTD. |
|
|
|
|
Registered Office : |
27th Floor, Bangkok Insurance / Ywca Building, 25 South Sathorn Road, Thungmahamek, Sathorn, Bangkok 10120 |
|
|
|
|
Country : |
Thailand |
|
|
|
|
Financials (as on) : |
31.12.2010 |
|
|
|
|
Date of Incorporation : |
11.01.1994 |
|
|
|
|
Com. Reg. No.: |
0105537003987 |
|
|
|
|
Legal Form : |
Private Limited Company |
|
|
|
|
Line of Business : |
Manufacturer, distributor &
exporter of copper busbar
& related products |
|
|
|
|
No. of Employees
: |
320 |
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 – September 30th, 2011
|
Country Name |
Previous Rating (30.06.2011) |
Current Rating (30.09.2011) |
|
Thailand |
b1 |
b1 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
|
Moderate |
B1 |
|
High |
B2 |
|
Very High |
C1 |
|
Restricted |
C2 |
|
Off-credit |
D |
Company name
ORIENTAL COPPER
CO., LTD.
SUMMARY
ADDRESS : 27th FLOOR,
BANGKOK INSURANCE / YWCA BUILDING,
25
SOUTH
SATHORN ROAD, THUNGMAHAMEK,
SATHORN,
BANGKOK 10120, THAILAND
TELEPHONE : [66]
2697-5100
FAX : [66]
2697-5199
E-MAIL ADDRESS : sale@orientalcopper.com
REGISTRATION ADDRESS : SAME
AS BUSINESS ADDRESS
ESTABLISHED : 1994
REGISTRATION NO. : 0105537003987 [Former : [2]
159/2537]
CAPITAL REGISTERED : BHT. 420,000,000
CAPITAL PAID-UP : BHT. 420,000,000
SHAREHOLDER’S PROPORTION : THAI
: 75%
ITALIAN : 25%
FISCAL YEAR CLOSING
DATE : DECEMBER 31
LEGAL STATUS : PRIVATE
LIMITED COMPANY
EXECUTIVE : MS.
TUANG-HONG LEELAPRACHAKUL, THAI
PRESIDENT
NO.
OF STAFF : 320
LINES
OF BUSINESS : COPPER BUSBAR
& RELATED PRODUCTS
MANUFACTURER, DISTRIBUTOR
& EXPORTER
CORPORATE PROFILE
OPERATING
TREND : STABLE
PRESENT
SITUATION : OPERATING NORMALLY
REPUTATION : GOOD
WITH NORMALLY BUSINESS ENGAGEMENT
MANAGEMENT
STANDARD : MANAGEMENT WITH
GOOD PERFORMANCE
HISTORY
The subject was established
on January 11,
1994 as a
private limited company under
the name style
ORIENTAL COPPER CO., LTD.
by Thai and
Australian groups. It
was a joint
venture between World
Biz Trade Co.,
Ltd. in Thailand
and G.E. Crane
Holdings Ltd., Australia,
to produce High
Quality Copper Busbar
and related products.
It is one
of the leading
copper busbar manufacturers
in Asia.
The
subject is the
first manufacturing company
in Thailand and
South East Asia, which is able
to produce high
purity copper billet
99.98% up and
high conductivity copper
busbar with electrical
conductivity of IACS
101% [International Annealed
Copper Standard] and
Tin Electroplated material.
The technical know-how
for production is supplied by
the Crane Group Limited, Australia.
It currently employs
approximate 320 staff.
AWARD
Subject
achieved the ISO
9002, ISO 9001 and ISO 14001, as
well as TIS 408,
1982 certification by Bureau
Veritas Quality
International [B V Q I] of England
and Department of
Industrial Standards of
Thailand.
The
subject has been
granted the promotional
privilege by Board
of Investment [BOI] for
the production under
the certificated No. 1023/2537 and 1630/2540 on
May 13, 1994 and August
6, 1997, respectively.
Presently,
the major shareholders
are Ms. Tuang-Hong Leelaprachakul, World
Biz Trade Co., Ltd.,
Thailand, and Mr. Umberto Comini,
with the
investment around 41.52%, 33.48% and
25% of the
subject’s shares respectively.
The
subject’s current registered
address is 27th Flr., Bangkok
Insurance / YWCA Building, 25 South
Sathorn Rd., Thungmahamek, Sathorn,
Bangkok 10120, and this is the company’s
current operation address.
THE BOARD OF DIRECTORS
|
Name |
|
Nationality |
Age |
|
|
|
|
|
|
Ms. Tuang-hong Leelaprachakul |
[x] |
Thai |
56 |
|
Mr. Umberto Comini |
|
Italian |
71 |
|
Mr. Watchakit Techachunhakij |
|
Thai |
29 |
|
Mr. Watchakarn Techachunhakij |
|
Thai |
28 |
|
Mrs. Kalayapas Hongladarompa |
|
Thai |
56 |
AUTHORIZED PERSON
The mentioned director [x] can
jointly sign with
one of the
rest directors on
behalf of the
subject with company’s
affixed.
MANAGEMENT
Ms. Tuang-hong Leelaprachakul is
the President.
She is Thai
nationality with the
age of 56
years old.
Mr. Umberto Comini
is the Executive
Vice President.
He is Italian
nationality with the
age of 71
years old.
Mr. Supat Turathammanont is
the Vice President
[Account & Finance].
He is Thai
nationality.
Ms. Yuvadee Srivorakul
is the Account
Manager.
She is Thai
nationality.
Mr. Pimol Tabsri
is the Factory
Manager.
He is Thai
nationality.
Ms. Thanyawan Kositthanakorn is
the Sales Manager
[Overseas].
She is Thai
nationality.
Ms. Thanaporn Khanthong
is the Sales
Manager [Local].
She is Thai
nationality.
BUSINESS OPERATION
The subject is engaged in manufacturing
wide range of copper busbars and related
products for electrical
and power plant
industry.
Its products are
as follows:
- Copper
Busbar and Rods
- Tin-Plates
Copper Busbar
- Fabricated
Copper Busbar
- Copper
Anodes
- Silver
Bearing Copper/ Copper Alloy
- Copper
Profiles
- Copper
Hollow Sections
- Copper
Tape
PRODUCTION CAPACITY
40,000 metric tons/year
MAJOR BRAND
“OC-ETP”
IMPORT [COUNTRIES]
50% of its
raw material, mainly
copper cathode and machinery are
imported from Italy,
United States of
America, Japan, Australia,
Taiwan, France and
Germany.
EXPORT [COUNTRIES]
80% of its
products is exported
to Italy, Germany,
United Kingdom, Malaysia, Taiwan, Hong Kong,
India, Japan, Australia,
Belgium, Singapore, Republic of
China, Indonesia, Philippines,
Vietnam, France, Spain
and etc.
SALES [LOCAL]
20% of its
products is sold
locally by wholesale
to dealers and
end-users.
SUBSIDIARY AND AFFILIATED
COMPANY
The subject is
not found to
have any subsidiary
or affiliated company
here in Thailand.
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
Kasikornbank Public Co.,
Ltd.
[Head Office : 1 Kasikorn Lane,
Rajburana Rd., Rajburana,
Bangkok 10140]
[Bangkapi Branch : 591
Sukhumvit Rd., Klongtoeynua,
Wattana, Bangkok]
EMPLOYMENT
The subject employs
approximately 320 staff.
[office staff and
factory workers]
LOCATION DETAILS
The premise is rented
for administrative office
at the heading
address. Premise is located
in commercial/residential area.
Factory
is located at Amata Nakorn
Industrial Estate, 700/45
Moo 6, Nongmaidaeng, Muang, Cholburi
20000, Thailand. Tel :
[66] 38
743-444-9, Fax :
[66] 38 213-256.
Factory Facilities
The factory is
completed with the
state of the
art technology, under-water
extrusion system, integrated
semi-automatic machinery fully
controlled by computerized
system.
REMARK
MAXIMUM CREDIT SHOULD
BE GRANTED AT
EUR 5,000,000.
NOTE
Refer to your
given name “Orient
Copper Co., Ltd.”,
please be informed
that the correct name
is “Oriental Copper
Co., Ltd.”.
COMMENT
The subject is one of a kind
of premium Copper Busbar
producer in Thailand.
Accordance with the
company’s research and
development and well-trained staff, the
subject is capable
of manufacturing products
that meet the
highest international standards
in response to
customer demands.
With the rapid expanding of economic within the country, the company’s
outputs meet all domestic
requirements for copper
busbar while also exporting
substantial volumes to
other Southeast-Asian countries,
the Far East
and the Middle
East.
FINANCIAL INFORMATION
he capital was
registered at Bht. 140,000,000 divided into 140,000
shares of Bht. 1,000
each.
The capital was
increased later as
follows:
Bht. 165,000,000
on November 30,
1995
Bht. 220,000,000
on June 30,
2004
Bht. 420,000,000
on May 4,
2009
The latest
registered capital was increased
to Bht. 420,000,000 divided into
420,000 shares of Bht. 1,000
each with fully
paid.
THE SHAREHOLDERS LISTED
WERE : [ as of
April 29, 2011]
|
NAME |
HOLDING |
% |
|
|
|
|
|
Ms. Tuang-hong Leelaprachakul Nationality: Thai Address : 700/45
Moo 6, Klongtamru,
Muang,
Cholburi |
174,397 |
41.52 |
|
World Biz Trade
Co., Ltd. Nationality: Thai Address : 25
South Sathorn Rd.,
Thungmahamek,
Sathorn, Bangkok 10120 |
140,600 |
33.48 |
|
Mr. Umberto Comini
Nationality: Italian Address : 3 F.T.
Marinetti, Milan, Italy |
105,000 |
25.00 |
|
Mr. Watchapong Techachunhakij Nationality: Thai Address : 4/30
Moo 7, Bangna,
Bangkok |
1 |
- |
|
Mr. Watchakit Techachunhakij Nationality: Thai Address : 4/30
Moo 7, Bangna,
Bangkok |
1 |
- |
|
Mr. Watchakarn Techachunhakij Nationality: Thai Address : 4/30
Moo 7, Bangna,
Bangkok |
1 |
- |
Total Shareholders : 6
Share Structure [as
at April 29,
2011]
|
Nationality |
Shareholders |
No. of Share |
% Shares |
|
|
|
|
|
|
Thai |
5 |
315,000 |
75.00 |
|
Foreign - Italian |
1 |
105,000 |
25.00 |
|
Total |
6 |
420,000 |
100.00 |
NAME OF AUDITOR
& CERTIFIED PUBLIC
ACCOUNTANT NO. :
Dr. Virach
Apimedhithamrong No. 1378
BALANCE SHEET [BAHT]
The latest financial figures published for December 31, 2010 & 2009 were:
ASSETS
|
Current Assets |
2010 |
2009 |
|
|
|
|
|
Cash and Cash Equivalents |
84,864,538.62 |
66,295,071.84 |
|
Trade Accounts Receivable |
807,272,741.65 |
623,220,726.23 |
|
Inventories |
977,504,289.07 |
469,140,898.69 |
|
Other Current Assets
Value Added
Tax |
3,824,841.52 |
9,424,772.53 |
|
Prepaid Income Tax |
- |
12,621,218.92 |
|
Prepaid Raw
Material |
64,240,737.50 |
33,099,685.80 |
|
Spare Parts
& Supplies |
45,151,294.14 |
30,306,867.57 |
|
Other Receivable |
11,105,012.92 |
10,698,547.02 |
|
Others |
38,318,027.32 |
24,815,081.44 |
|
|
|
|
|
Total Current Assets
|
2,032,281,482.74 |
1,279,622,870.04 |
|
|
|
|
|
Fixed Assets |
1,465,795,577.75 |
1,114,966,710.15 |
|
Intangible Assets |
5,981,108.52 |
2,921,644.90 |
|
Foreclosed Assets |
9,218,825.36 |
- |
|
Cash at Bank
pledged as a
Collateral |
7,730,000.00 |
- |
|
Other Assets Deposit for
Golf Membership |
2,000,000.00 |
2,000,000.00 |
|
Others |
30,165,417.08 |
16,309,381.24 |
|
Total Assets |
3,553,172,411.45 |
2,415,820,606.33 |
LIABILITIES &
SHAREHOLDERS' EQUITY [BAHT]
|
Current
Liabilities |
2010 |
2009 |
|
|
|
|
|
Short-term Loan from
Bank |
1,807,792,795.78 |
1,014,404,525.70 |
|
Trade Accts. Payable |
36,139,934.85 |
62,552,424.86 |
|
Current Portion of Long-term Loan from Financial Institution |
154,000,000.00 |
43,875,000.00 |
|
Long-term Lease
Contract Liabilities |
2,876,370.47 |
3,538,620.74 |
|
Total Current Portion of
Liabilities |
156,876,370.47 |
47,413,620.74 |
|
Accrued Income Tax |
20,349,132.02 |
- |
|
Other Current Liabilities
|
|
|
|
Accrued Bonus |
16,666,534.00 |
12,888,300.00 |
|
Accrued Expenses |
34,254,793.71 |
16,453,449.91 |
|
Advance Income
from Goods |
43,740,214.17 |
39,069,239.90 |
|
Other Payable |
48,268,044.96 |
22,664,050.57 |
|
Account Payable Assets |
32,369,866.84 |
43,820,030.80 |
|
Others |
15,114,614.07 |
11,817,944.08 |
|
|
|
|
|
Total Current Liabilities |
2,211,572,300.87 |
1,271,083,586.56 |
|
Long-term Loan from
Financial Institution, net |
346,000,000.00 |
190,125,000.00 |
|
Long-term Lease Contract
Liabilities, net |
6,291,257.34 |
7,095,476.13 |
|
Total Liabilities |
2,563,863,558.21 |
1,468,304,062.69 |
|
|
|
|
|
Shareholders' Equity |
|
|
|
|
|
|
|
Share capital : Baht 1,000
par value authorized, issued
and fully paid share
capital 420,000 shares |
420,000,000.00 |
420,000,000.00 |
|
|
|
|
|
Capital Paid |
320,000,000.00 |
320,000,000.00 |
|
Retained Earning |
|
|
|
Appropriated for Statutory Reserve |
22,000,000.00 |
22,000,000.00 |
|
Unappropriated |
647,308,853.24 |
605,516,543.64 |
|
Total Shareholders' Equity |
989,308,853.24 |
947,516,543.64 |
|
Total Liabilities & Shareholders' Equity |
3,553,172,411.45 |
2,415,820,606.33 |
PROFIT & LOSS ACCOUNT
|
Sale |
2010 |
2009 |
|
|
|
|
|
Sales |
6,384,577,917.27 |
4,160,001,927.11 |
|
Other Income |
166,417,239.45 |
27,530,382.52 |
|
Total Sales |
6,550,995,156.72 |
4,187,532,309.63 |
|
Expenses |
|
|
|
|
|
|
|
Cost of Goods
Sold |
6,092,173,153.81 |
3,883,100,619.50 |
|
Selling Expenses |
140,441,029.89 |
115,409,013.34 |
|
Administrative Expenses |
149,735,357.87 |
140,844,291.77 |
|
Doubtful Account |
55,293,245.90 |
- |
|
Loss on Diminution
of Inventories |
- |
[142,366,768.37] |
|
Total Expenses |
6,437,642,787.47 |
3,996,987,156.24 |
|
|
|
|
|
Profit before Finance Cost & Income Tax |
113,352,369.25 |
190,545,153.39 |
|
Finance Cost |
[39,689,564.85] |
[33,361,300.55] |
|
Profit before Income Tax
|
73,662,804.40 |
157,183,852.84 |
|
Income Tax |
[31,870,494.80] |
- |
|
|
|
|
|
Net Profit / [Loss] |
41,792,309.60 |
157,183,852.84 |
FINANCIAL ANALYSIS
|
ITEM |
UNIT |
2010 |
2009 |
|
|
|
|
|
|
LIQUIDITY RATIO |
|
|
|
|
CURRENT RATIO |
TIMES |
0.92 |
1.01 |
|
QUICK RATIO |
TIMES |
0.40 |
0.54 |
|
|
|
|
|
|
ACTIVITY RATIO |
|
|
|
|
FIXED ASSETS TURNOVER |
TIMES |
4.36 |
3.73 |
|
TOTAL ASSETS TURNOVER |
TIMES |
1.80 |
1.72 |
|
INVENTORY CONVERSION PERIOD |
DAYS |
58.57 |
44.10 |
|
INVENTORY TURNOVER |
TIMES |
6.23 |
8.28 |
|
RECEIVABLES CONVERSION PERIOD |
DAYS |
46.15 |
54.68 |
|
RECEIVABLES TURNOVER |
TIMES |
7.91 |
6.68 |
|
PAYABLES CONVERSION PERIOD |
DAYS |
2.17 |
5.88 |
|
CASH CONVERSION CYCLE |
DAYS |
102.55 |
92.90 |
|
|
|
|
|
|
PROFITABILITY
RATIO |
|
|
|
|
COST OF GOODS SOLD |
% |
95.42 |
93.34 |
|
SELLING & ADMINISTRATION |
% |
4.54 |
6.16 |
|
INTEREST |
% |
0.62 |
0.80 |
|
GROSS PROFIT MARGIN |
% |
7.19 |
7.32 |
|
NET PROFIT MARGIN BEFORE EX. ITEM |
% |
1.78 |
4.58 |
|
NET PROFIT MARGIN |
% |
0.65 |
3.78 |
|
RETURN ON EQUITY |
% |
4.22 |
16.59 |
|
RETURN ON ASSET |
% |
1.18 |
6.51 |
|
EARNING PER SHARE |
BAHT |
130.60 |
491.20 |
|
|
|
|
|
|
LEVERAGE RATIO |
|
|
|
|
DEBT RATIO |
TIMES |
0.72 |
0.61 |
|
DEBT TO EQUITY RATIO |
TIMES |
2.59 |
1.55 |
|
TIME INTEREST EARNED |
TIMES |
2.86 |
5.71 |
|
|
|
|
|
|
ANNUAL GROWTH |
|
|
|
|
SALES GROWTH |
% |
53.48 |
|
|
OPERATING PROFIT |
% |
(40.51) |
|
|
NET PROFIT |
% |
(73.41) |
|
|
FIXED ASSETS |
% |
31.47 |
|
|
TOTAL ASSETS |
% |
47.08 |
|
PROFITABILITY RATIO
|
Gross Profit Margin |
7.19 |
Satisfactory |
Industrial Average |
7.66 |
|
Net Profit Margin |
0.65 |
Deteriorated |
Industrial Average |
2.35 |
|
Return on Assets |
1.18 |
Deteriorated |
Industrial Average |
3.90 |
|
Return on Equity |
4.22 |
Deteriorated |
Industrial Average |
10.63 |
Gross Profit Margin used to assess a firm's financial health by
revealing the proportion of money left over from sales 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 7.19%. When
compared with the industry average, the ratio of the company was lower. This
indicated that company was originated from the problems with control over its
costs.
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 0.65%.
When compared with the industry average, the ratio of the company was lower.
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. When compared with the
industry average, it was lower, the company's figure is 1.18%.
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. When compared with the
industry average, it was lower, the company's figure is 4.22%.
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 |
0.92 |
Risky |
Industrial Average |
1.38 |
|
Quick Ratio |
0.40 |
|
|
|
|
Cash Conversion Cycle |
102.55 |
|
|
|
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 0.92 times in 2010, decrease from 1.01 times, then the company may have
problems meeting its short-term obligations. When compared with the industry
average, the ratio of the company was lower.
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 0.4 times in 2010,
decrease from 0.54 times, then the company has not enough current assets that
presumably can be quickly converted to cash for pay financial obligations.
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 103 days.
Trend of the
average competitors in the same industry for last 5 years
Current Ratio Uptrend
LEVERAGE RATIO
|
Debt Ratio |
0.72 |
Acceptable |
Industrial Average |
0.59 |
|
Debt to Equity Ratio |
2.59 |
Risky |
Industrial Average |
1.61 |
|
Times Interest Earned |
2.86 |
Impressive |
Industrial Average |
2.84 |
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 2.86 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 0.72 greater than 0.5, most of the
company's assets are financed through debt.
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 |
4.36 |
Impressive |
Industrial Average |
4.32 |
|
Total Assets Turnover |
1.80 |
Impressive |
Industrial Average |
1.66 |
|
Inventory Conversion Period |
58.57 |
|
|
|
|
Inventory Turnover |
6.23 |
Impressive |
Industrial Average |
5.00 |
|
Receivables Conversion Period |
46.15 |
|
|
|
|
Receivables Turnover |
7.91 |
Impressive |
Industrial Average |
5.22 |
|
Payables Conversion Period |
2.17 |
|
|
|
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.49.79 |
|
UK Pound |
1 |
Rs.78.79 |
|
Euro |
1 |
Rs.65.73 |
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.