|
Report Date : |
20.03.2012 |
IDENTIFICATION DETAILS
|
Name : |
AMPHARCO U.S.A PHARMACEUTICAL JOINT - STOCK COMPANY |
|
|
|
|
Registered Office : |
Nhon Trach III Industrial Park, Hiep Phuoc Commune, Nhon Trach District, Dong Nai Province |
|
|
|
|
Country : |
Vietnam |
|
|
|
|
Financials (as on) : |
31.12.2010 |
|
|
|
|
Year of Establishment : |
2001 |
|
|
|
|
Com. Reg. No.: |
3600510960 |
|
|
|
|
Legal Form : |
Joint Stock Company |
|
|
|
|
Line of Business : |
The subject specializes in manufacturing and trading pharmaceutical product, nutrition and functional food and cosmetic |
|
|
|
|
No. of Employees : |
700 |
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 30, 2011
|
Country Name |
Previous Rating (30.06.2011) |
Current Rating (30.09.2011) |
|
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 |
|
AMPHARCO U.S.A PHARMACEUTICAL JOINT -
STOCK COMPANY |
|
Vietnamese Name |
|
CONG TY CO PHAN DUOC PHAM AMPHARCO U.S.A |
|
Short name |
|
AMPHARCO U.S.A |
|
Type of Business |
|
Joint stock company |
|
Year Established |
|
2001 |
|
Business Registration No. |
|
3600510960 |
|
Date of Registration |
|
26 May 2009 |
|
Place of Registration |
|
Dong Nai Department of Planning and
Investment |
|
Current registered capital |
|
VND 120,000,000,000 |
|
Status |
|
Unlisted |
|
Tax code |
|
3600510960 |
|
Total Employees |
|
700 |
Historical Identification & Legal form
|
List |
Changed Items |
Date of changes |
|
1 |
Subject has got former Business
Registration No: 4703000613 issued on 15 Dec 2008 Changed to: 3600510960 |
26
May 2009 |
|
2 |
Subject has got former Registered English
Name: JOINT - STOCK PHARMACEUTICAL VIETNAM AMPHARCO Changed to: AMPHARCO U.S.A PHARMACEUTICAL
JOINT - STOCK COMPANY |
15
Dec 2008 |
|
3 |
Subject has got former Registered capital:
VND 16,005,000,000 Changed to: VND 120,000,000,000 |
15
Dec 2008 |
|
4 |
Subject has got former Registered
Vietnamese Name: CONG TY CO PHAN DUOC PHAM VIET NAM - AMPHARCO Changed to: CONG TY CO PHAN DUOC PHAM
AMPHARCO U.S.A |
15
Dec 2008 |
|
5 |
Subject has got former Abbreviated Name:
AMPHARCO Changed to: AMPHARCO U.S.A |
15
Dec 2008 |
|
|
||
ADDRESSES
|
||
|
|
||
|
Head Office |
||
|
Address |
|
Nhon Trach III Industrial Park, Hiep Phuoc
Commune, Nhon Trach District, Dong Nai Province, Vietnam |
|
Telephone |
|
(84-61) 3566 202 - 3560 204 - 3560 205 |
|
Fax |
|
(84-61) 3566 203 |
|
Website |
|
|
|
Note:
- The exact address of the subject is as
above. -
The given phone and fax numbers are belonged to branch in Ho Chi Minh City. |
||
|
|
||
|
Branch in Ho Chi
Minh |
||
|
Address |
|
Lot 20B Road 1, Tan Binh Industrial Park,
Tay Thanh Ward, Tan Phu District, Ho Chi Minh City, Vietnam |
|
Telephone |
|
(84-8) 3815 6880 |
|
Fax |
|
(84-8) 3815 6881 |
|
Email |
|
|
|
Website |
|
|
|
|
||
|
Representative
office in Ho Chi Minh |
||
|
Address |
|
Room B44, 40 Ba Huyen Thanh Quan Street, Ward
6 , 3 District, Ho Chi Minh City, Vietnam |
|
Telephone |
|
(84-8) 3930 6179 |
|
Fax |
|
(84-8) 3930 6179 |
|
|
||
DIRECTORS
|
||
|
|
||
|
1.
NAME |
|
Ms.
NGUYEN XUAN NHAN |
|
Position |
|
General Director cum Chairwoman |
|
Date of Birth |
|
14 Sep 1939 |
|
ID Number/Passport |
|
039662427 |
|
ID Issue Date |
|
23 Dec 2005 |
|
ID Issue Place |
|
USA |
|
Resident |
|
660 S Aberdeen Street,
Anaheim Hills, CA 92807, United States of America |
|
Current resident |
|
456/6 Cao Thang Street, Ward 12, 10
District, Ho Chi Minh City, Vietnam |
|
Nationality |
|
American (Overseas Vietnamese) |
|
Qualification |
|
Pharmacist |
|
Years of experience |
|
More than 40 years |
|
|
||
|
2.
NAME |
|
Mr.
NGUYEN VY HOANG |
|
Position |
|
Deputy General Director |
|
Current resident |
|
Ho Chi Minh City, Vietnam |
|
Nationality |
|
American (Overseas Vietnamese) |
|
Qualification |
|
Pharmacist and PhD in USA |
|
|
||
|
3.
NAME |
|
Mr.
HUA THE DUC |
|
Position |
|
Managing Director |
|
Current resident |
|
Ho
Chi Minh City, Vietnam |
|
Nationality |
|
Vietnamese |
|
Tel/Mobil phone |
|
+84 908822296 |
|
Qualification |
|
PhD and Associate Professor in France
republican University |
|
|
||
|
4.
NAME |
|
Ms.
NGUYEN THI KIM LOAN |
|
Position |
|
Human manager |
|
Current resident |
|
Ho
Chi Minh City, Vietnam |
|
Nationality |
|
Vietnamese |
|
Qualification |
|
Bachelor |
|
|
||
|
5.
NAME |
|
Ms.
TRAN THI CHI |
|
Position |
|
Chief Accountant |
|
Current resident |
|
Ho
Chi Minh City, Vietnam |
|
Nationality |
|
Vietnamese |
|
Qualification |
|
Bachelor |
|
|
||
BUSINESS NATURE AND ACTIVITIES
|
|
|
|
The
subject specializes in manufacturing and trading pharmaceutical product,
nutrition and functional food and cosmetic. |
|
|
IMPORT & EXPORT ACTIVITIES
|
||
|
|
||
|
IMPORT: |
||
|
·
Types of products |
|
Pharmaceutical and other products |
|
·
Market |
|
USA, Spain, Italy, France, India... |
|
|
||
|
EXPORT: |
||
|
·
Market |
|
USA and Myanmar |
|
|
||
BANKERS
|
||
|
|
||
|
1.
JOINT STOCK COMMERCIAL BANK FOR FOREIGN TRADE OF VIETNAM PHU THO BRANCH |
||
|
Address |
|
No 572 To Hien Thanh, 10 District, Ho Chi Minh City, Vietnam |
|
Telephone |
|
(84-8) 38624820 |
|
Fax |
|
(84-8) 38624804 |
|
|
||
|
2.
VIETNAM PROSPERITY JOINT STOCK COMMERCIAL BANK HOCHIMINH CITY BRANCH |
||
|
Address |
|
No.87 Ham Nghi Street, 1 District, Ho Chi Minh City, Vietnam |
|
Telephone |
|
(84-8) 3821 0076 /3821 0077 |
|
Fax |
|
(84-8) 3824 3456 |
|
|
||
SHAREHOLDERS
|
||
|
|
||
|
1.
NAME |
|
Ms.
NGUYEN XUAN NHAN |
|
Position |
|
General Director cum Chairwoman |
|
Date of Birth |
|
14 Sep 1939 |
|
ID Number/Passport |
|
039662427 |
|
Issued on |
|
23 Dec 2005 |
|
Issued Place |
|
USA |
|
Resident |
|
660 S Aberdeen Street, Anaheim Hills, CA
92807, United States of America |
|
Current Resident |
|
456/6 Cao Thang Street, Ward 12 , 10
District, Ho Chi Minh City, Vietnam |
|
Nationality |
|
American (Overseas Vietnamese) |
|
Number of Shares |
|
9,600,000 |
|
Value of shares |
|
VND 96,000,000,000 |
|
Percentage |
|
80% |
|
|
||
|
2.
NAME |
|
Mr.
NGUYEN PHUC |
|
ID Number/Passport |
|
037227118 |
|
Resident |
|
660 S Aberdeen Str, Anaheim hills, CA 92807
, USA , CA 92806 , United States of America |
|
Nationality |
|
American (Overseas Vietnamese) |
|
Number of Shares |
|
600,000 |
|
Value of shares |
|
VND 6,000,000,000 |
|
Percentage |
|
5% |
|
|
||
|
3.
NAME |
|
Mr.
NGUYEN VY PHUONG |
|
ID Number/Passport |
|
037442286 |
|
Resident |
|
660 S Aberdeen Str, Anaheim hills, CA
92807 , USA , CA 92806 , United States of America |
|
Nationality |
|
American (Overseas Vietnamese) |
|
Number of Shares |
|
600,000 |
|
Value of shares |
|
VND 6,000,000,000 |
|
Percentage |
|
5% |
|
|
||
FINANCIAL DATA
|
|||
|
|
|||
|
BALANCE
SHEET |
|||
Unit: One VND
|
|||
|
Balance sheet
date |
31/12/2010 |
31/12/2009 |
31/12/2008 |
|
Number of weeks |
52 |
52 |
52 |
ASSETS
|
|||
|
A – CURRENT
ASSETS |
172,727,000,000 |
148,186,000,000 |
125,178,000,000 |
|
I. Cash and cash
equivalents |
13,015,000,000 |
9,251,000,000 |
11,569,000,000 |
|
1. Cash |
13,015,000,000 |
9,251,000,000 |
11,569,000,000 |
|
2. Cash equivalents |
0 |
0 |
0 |
|
II. Short-term
investments |
5,000,000,000 |
0 |
0 |
|
1. Short-term investments |
5,000,000,000 |
0 |
0 |
|
2. Provisions for devaluation of short-term investments |
0 |
0 |
0 |
|
III. Accounts
receivable |
61,313,000,000 |
86,380,000,000 |
64,370,000,000 |
|
1. Receivable from customers |
58,363,000,000 |
67,869,000,000 |
57,460,000,000 |
|
2. Prepayments to suppliers |
2,153,000,000 |
5,287,000,000 |
1,192,000,000 |
|
3. Inter-company receivable |
0 |
0 |
0 |
|
4. Receivable according to the progress of construction |
0 |
0 |
0 |
|
5. Other receivable |
797,000,000 |
13,809,000,000 |
5,718,000,000 |
|
6. Provisions for bad debts |
0 |
-585,000,000 |
0 |
|
IV. Inventories |
90,087,000,000 |
51,718,000,000 |
47,516,000,000 |
|
1. Inventories |
97,153,000,000 |
51,967,000,000 |
47,516,000,000 |
|
2. Provisions for devaluation of inventories |
-7,066,000,000 |
-249,000,000 |
0 |
|
V. Other Current
Assets |
3,312,000,000 |
837,000,000 |
1,723,000,000 |
|
1. Short-term prepaid expenses |
497,000,000 |
221,000,000 |
13,000,000 |
|
2. VAT to be deducted |
1,332,000,000 |
207,000,000 |
1,339,000,000 |
|
3. Taxes and other accounts receivable from the State |
0 |
0 |
0 |
|
4. Other current assets |
1,483,000,000 |
409,000,000 |
371,000,000 |
|
B. LONG-TERM
ASSETS |
66,737,000,000 |
76,783,000,000 |
84,891,000,000 |
|
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
|
66,737,000,000 |
76,783,000,000 |
84,891,000,000 |
|
1. Tangible assets |
53,856,000,000 |
63,990,000,000 |
73,360,000,000 |
|
- Historical costs |
103,369,000,000 |
102,280,000,000 |
100,599,000,000 |
|
- Accumulated depreciation |
-49,513,000,000 |
-38,290,000,000 |
-27,239,000,000 |
|
2. Financial leasehold assets |
0 |
0 |
0 |
|
- Historical costs |
0 |
0 |
0 |
|
- Accumulated depreciation |
0 |
0 |
0 |
|
3. Intangible assets |
5,491,000,000 |
5,653,000,000 |
4,598,000,000 |
|
- Initial costs |
6,614,000,000 |
6,613,000,000 |
5,414,000,000 |
|
- Accumulated amortization |
-1,123,000,000 |
-960,000,000 |
-816,000,000 |
|
4. Construction-in-progress |
7,390,000,000 |
7,140,000,000 |
6,933,000,000 |
|
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 |
0 |
0 |
0 |
|
1. Long-term prepaid expenses |
0 |
0 |
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 |
239,464,000,000 |
224,969,000,000 |
210,069,000,000 |
|
|
|||
LIABILITIES
|
|||
|
A- LIABILITIES |
135,919,000,000 |
68,652,000,000 |
64,627,000,000 |
|
I. Current
liabilities |
135,535,000,000 |
68,344,000,000 |
64,627,000,000 |
|
1. Short-term debts and loans |
62,230,000,000 |
46,330,000,000 |
44,459,000,000 |
|
2. Payable to suppliers |
39,323,000,000 |
17,592,000,000 |
19,632,000,000 |
|
3. Advances from customers |
351,000,000 |
693,000,000 |
2,000,000 |
|
4. Taxes and other obligations to the State Budget |
1,848,000,000 |
842,000,000 |
234,000,000 |
|
5. Payable to employees |
710,000,000 |
62,000,000 |
37,000,000 |
|
6. Accrued expenses |
4,849,000,000 |
2,736,000,000 |
0 |
|
7. Inter-company payable |
0 |
0 |
0 |
|
8. Payable according to the progress of construction contracts |
0 |
0 |
0 |
|
9. Other payable |
26,224,000,000 |
89,000,000 |
263,000,000 |
|
10. Provisions for short-term accounts payable |
0 |
0 |
0 |
|
II. Long-Term
Liabilities |
384,000,000 |
308,000,000 |
0 |
|
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 |
0 |
|
5. Deferred income tax payable |
0 |
0 |
0 |
|
6. Provisions for unemployment allowances |
384,000,000 |
0 |
0 |
|
7. Provisions for long-term accounts payable |
0 |
308,000,000 |
0 |
|
B- OWNER’S
EQUITY |
103,545,000,000 |
156,317,000,000 |
145,442,000,000 |
|
I. OWNER’S
EQUITY |
103,545,000,000 |
156,317,000,000 |
145,442,000,000 |
|
1. Capital |
120,000,000,000 |
120,000,000,000 |
120,000,000,000 |
|
2. Share premiums |
19,000,000,000 |
19,000,000,000 |
19,000,000,000 |
|
3. Other sources of capital |
0 |
0 |
0 |
|
4. Treasury stocks |
-56,607,000,000 |
0 |
0 |
|
5. Differences on asset revaluation |
0 |
0 |
0 |
|
6. Foreign exchange differences |
585,000,000 |
-552,000,000 |
0 |
|
7. Business promotion fund |
2,000,000,000 |
0 |
0 |
|
8. Financial reserved fund |
0 |
0 |
0 |
|
9. Other funds |
0 |
0 |
0 |
|
10. Retained earnings |
18,567,000,000 |
17,869,000,000 |
6,442,000,000 |
|
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 |
239,464,000,000 |
224,969,000,000 |
210,069,000,000 |
|
|
|||
|
PROFIT
& LOSS STATEMENT |
|||
|
|
|||
|
Description |
FY2010 |
FY2009 |
FY2008 |
|
1. Total Sales |
277,094,000,000 |
204,246,000,000 |
142,992,000,000 |
|
2. Deduction item |
8,270,000,000 |
2,246,000,000 |
13,834,000,000 |
|
3. Net revenue |
268,824,000,000 |
202,000,000,000 |
129,158,000,000 |
|
4. Costs of goods sold |
170,835,000,000 |
143,408,000,000 |
98,697,000,000 |
|
5. Gross profit |
97,989,000,000 |
58,592,000,000 |
30,461,000,000 |
|
6. Financial income |
510,000,000 |
498,000,000 |
1,829,000,000 |
|
7. Financial expenses |
7,484,000,000 |
8,597,000,000 |
8,598,000,000 |
|
- In which: Loan interest expenses |
6,140,000,000 |
3,677,000,000 |
0 |
|
8. Selling expenses |
54,062,000,000 |
23,622,000,000 |
7,791,000,000 |
|
9. Administrative overheads |
15,168,000,000 |
15,631,000,000 |
10,263,000,000 |
|
10. Net operating profit |
21,785,000,000 |
11,240,000,000 |
5,638,000,000 |
|
11. Other income |
60,000,000 |
13,472,000,000 |
13,465,000,000 |
|
12. Other expenses |
1,323,000,000 |
13,284,000,000 |
13,876,000,000 |
|
13. Other profit /(loss) |
-1,263,000,000 |
188,000,000 |
-411,000,000 |
|
14. Total accounting profit before tax |
20,522,000,000 |
11,428,000,000 |
5,227,000,000 |
|
15. Current corporate income tax |
2,075,000,000 |
0 |
0 |
|
16. Deferred corporate income tax |
0 |
0 |
0 |
|
17. Interest from subsidiaries/related companies |
0 |
0 |
0 |
|
18. Profit after tax |
18,447,000,000 |
11,428,000,000 |
5,227,000,000 |
|
|
||||
|
FINANCIAL RATIOS
AND AVERAGE INDUSTRY RATIOS |
||||
|
|
||||
|
Description |
FY2010 |
FY2009 |
FY2008 |
Average Industry |
|
Current liquidity ratio |
1.27 |
2.17 |
1.94 |
1.65 |
|
Quick liquidity ratio |
0.61 |
1.41 |
1.20 |
1.04 |
|
Inventory circle |
1.90 |
2.89 |
2.73 |
4.14 |
|
Average receive period |
83.25 |
156.08 |
181.91 |
105.37 |
|
Utilizing asset performance |
1.12 |
0.90 |
0.61 |
1.20 |
|
Liability by total assets |
56.76 |
30.52 |
30.76 |
53.11 |
|
Liability by owner's equity |
131.27 |
43.92 |
44.43 |
159.74 |
|
Ebit / Total assets (ROA) |
11.13 |
6.71 |
2.49 |
10.37 |
|
Ebit / Owner's equity (ROE) |
25.75 |
9.66 |
3.59 |
23.03 |
|
Ebit / Total revenue (NPM) |
9.62 |
7.40 |
3.66 |
10.15 |
|
Gross profit / Total revenue (GPM) |
35.36 |
28.69 |
21.30 |
25.88 |
|
Note: The Average Industry was calculated by VietnamCredit based on our own
statistical data |
||||
|
|
||||
PAYMENT HISTORY & PERFORMANCE EXPERIENCES
|
||
|
|
||
|
Trade Morality |
|
Fair |
|
Liquidity |
|
Medium |
|
Payment status |
|
Average |
|
Financial Situation |
|
Above Average |
|
Development trend |
|
Positive |
|
Litigation data |
|
No Record |
|
Bankruptcy |
|
No Record |
|
Payment Methods |
|
Direct payment or through its corresponding bank , LC |
|
Sale Methods |
|
Retailer and Wholesaler |
|
Public opinion |
|
Normal |
|
|
INTERPRETATION ON THE SCORES
|
|
|
|
The subject
was formerly Thai Van Pharmaceutical firm that was founded in 1969 by Ms.
Nguyen Xuan Nhan - the chairwoman and General Director of the subject. In
2001, Ampharco U.S.A Pharmaceutical Joint - Stock Company was officially
established. The company's head office and factory are located at Nhon Trach
III Industrial Park, Hiep Phuoc Commune, Nhon Trach District, Dong Nai
Province, Viet Nam on the area of about 64,000 m2. The production
line is well equipped. It has a branch located at Lot 20B Road 1, Tan Binh
Industrial Park, Tay Thanh Ward, Tan Phu District, Ho Chi Minh City, Vietnam.
Besides, the subject also has a representative office which located at Room
B44, 40 Ba Huyen Thanh Quan Street, Ward 6 , 3 District, Ho Chi Minh City,
Vietnam. The
company specializes in manufacturing and trading pharmaceutical product,
nutrition and functional food and cosmetic. Besides manufacturing operation,
the subject also is exclusive distributor of several pharmaceutical companies
in USA, France, Italy, and India… On the
financial hand, the company's financial situation is considered above
average. At the end of 2010, the value of the company’s total assets reached
to VND 239.5 billion; increased VND 14.5 billion in comparison with 2009. The
reason is the increase of current assets, especially the increase of
inventories in 2010. In 2010, the value of the company’s inventories was VND
90.1 billion, went up VND 38.4 billion compare to previous year. It made the
company’s inventory circle went down from 2.89 circles in 2009 to 1.9 circles
in 2010. According to the financial ratio table, the rotation speed of
inventory in 2010 was slower than average industry. In 2010, the subject had
a quite good business result. In 2010, the subject attained VND 277.1 billion
of total sales, increased approximately VND 73 billion in comparison to 2009;
equivalent to 35%. In 2010, the company’s costs of goods sold were VND 170.8
billion, increased only 19% in comparison with 2009. It made the company’s
gross profit went up from VND 58.6 billion in 2009 to approximately VND 98
billion in 2010. So the company Gross Profit Margin also increased and
reached to 35.36% in 2010. In
general, Pharmaceutical industry is expected to develop more in the future
due to the consumer demand keep increasing. Pharmaceutical pricing management
institute is not working effectively. It makes pharmaceutical product prices
increase and companies in this industry gained comparatively high profit. The
subject has operated in this field a quite long time and the management board
has experience in this field. Its operation seems effective. The company has
capacity to meet normal business transaction. |
------------ 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.50.12 |
|
|
1 |
Rs.79.37 |
|
Euro |
1 |
Rs.66.00 |
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.