MIRA
INFORM REPORT
|
Report Date : |
10.11.2012 |
IDENTIFICATION DETAILS
|
Name : |
ALLIED METALS [ |
|
|
|
|
Registered Office : |
2409/5-9 New |
|
|
|
|
Country : |
|
|
|
|
|
Financials (as on) : |
31.12.2011 |
|
|
|
|
Date of Incorporation : |
13.12.1971 |
|
|
|
|
Com. Reg. No.: |
0105514007510 |
|
|
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|
Legal Form : |
Private
Limited Company |
|
|
|
|
Line of Business : |
Importer, Distributor, Exporter And Service Provider of Stainless Steel Commercial Kitchen Equipment And Supplies |
|
|
|
|
No. of Employees : |
160 |
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 : |
Slow but correct |
|
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 – June 30th, 2012
|
Country Name |
Previous Rating (31.03.2012) |
Current Rating (30.06.2012) |
|
Thailand |
B1 |
B1 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
|
Moderate |
B1 |
|
High |
B2 |
|
Very High |
C1 |
|
Restricted |
C2 |
|
Off-credit |
D |
THAILAND - ECONOMIC OVERVIEW
With a well-developed infrastructure, a
free-enterprise economy, generally pro-investment policies, and strong export
industries, Thailand enjoyed solid growth from 2000 to 2007 - averaging more than
4% per year - as it recovered from the Asian financial crisis of 1997-98. Thai
exports - mostly machinery and electronic components, agricultural commodities,
and jewelry - continue to drive the economy, accounting for more than half of
GDP. The global financial crisis of 2008-09 severely cut Thailand's exports,
with most sectors experiencing double-digit drops. In 2009, the economy
contracted 2.3%. In 2010, Thailand's economy expanded 7.8%, its fastest pace
since 1995, as exports rebounded from their depressed 2009 level. Steady
economic growth at just below 4% during the first three quarters of 2011 was
interrupted by historic flooding in October and November in the industrial
areas north of Bangkok, crippling the manufacturing sector and leading to a
revised growth rate of only 0.1% for the year. The industrial sector is poised
to recover from the second quarter of 2012 onward, however, and the government
anticipates the economy will probably grow between 5.5 and 6.5% for 2012, while
private sector forecasts range between 3.8% and 5.7%
|
Source
: CIA |
Company name
ALLIED METALS
[THAILAND] CO., LTD.
SUMMARY
BUSINESS
ADDRESS : 2409/5-9 NEW
PETCHBURI ROAD, BANGKAPI,
HUAYKWANG, BANGKOK
10320
TELEPHONE : [66] 2318-0965-8
FAX :
[66] 2318-0969
E-MAIL
ADDRESS : info@alliedmetals.com
REGISTRATION
ADDRESS : SAME
AS BUSINESS ADDRESS
ESTABLISHED
: 1971
REGISTRATION
NO. : 0105514007510 [Former :
759/2514]
TAX
ID NO. : 3101086423
CAPITAL REGISTERED : BHT. 35,000,000
CAPITAL PAID-UP : BHT.
35,000,000
SHAREHOLDER’S PROPORTION : THAI : 100%
FISCAL YEAR CLOSING DATE : DECEMBER 31
LEGAL
STATUS : PRIVATE LIMITED
COMPANY
EXECUTIVE : MS. PRIM JITCHAROONGPHORN, THAI
MANAGING DIRECTOR
NO.
OF STAFF : 160
LINES
OF BUSINESS : STAINLESS STEEL
COMMERCIAL KITCHEN
EQUIPMENT AND SUPPLIES
IMPORTER,
DISTRIBUTOR, EXPORTER AND
SERVICE PROVIDER
CORPORATE PROFILE
OPERATING
TREND : STABLE
PRESENT
SITUATION : OPERATING NORMALLY
REPUTATION : FAIR
WITH NORMAL BUSINESS
ENGAGEMENT
MANAGEMENT
STANDARD : MANAGEMENT WITH
LOW PERFORMANCE
HISTORY
The
subject was established
on December 13,
1971 as a
private limited company
under the name
style ALLIED METALS [THAILAND]
CO., LTD., by
Thai groups, with
the business objective
to provide wide range of
stainless steel commercial
kitchen equipment and
supplies including services
to both domestic
and international markets. It
currently employs approximate
160 staff.
The
subject’s registered address
is 2409/5-9 New Petchburi Rd.,
Bangkapi, Huaykwang, Bangkok
10320, and this
is the subject’s
current operation address.
THE
BOARD OF DIRECTOR
|
Name |
|
Nationality |
Age |
|
|
|
|
|
|
Ms. Sutiluck Jitcharoongphorn |
[x] |
Thai |
70 |
|
Mr. Chatree Asawabenya |
|
Thai |
47 |
|
Mr. Kasem Asawabenya |
|
Thai |
45 |
|
Ms. Prim Jitcharoongphorn |
[x] |
Thai |
48 |
|
Mr. Suthee Jitcharoongphorn |
[x] |
Thai |
78 |
|
Mr. Suwat Asawabenya |
|
Thai |
71 |
|
Mrs. Tassanee Rawdboonpa |
|
Thai |
55 |
AUTHORIZED PERSON
Any of the
mentioned directors [x]
can sign on
behalf of the
subject with company’s
affixed.
MANAGEMENT
Ms. Prim Jitcharoongphorn is
the Managing Director.
She is Thai
nationality with the
age of 48
years old.
Ms. Sutiluck Jitcharoongphorn is
the Deputy Managing
Director.
She is Thai
nationality with the
age of 70
years old.
Mr. Natchapoln
Patcharamaneepakorn is the
Finance & Accounting
Director.
He is Thai nationality.
Mr. Chayut Khamsombat is
the Director of
Human Resources.
He is Thai
nationality.
Mr. Atikom Jitcharoongphorn is
the Director of
Operation.
He is Thai
nationality.
Mr. Hunter Reynolds is
the Assistant Director
of Sales.
He is American
nationality.
Ms. Nalin Jitcharoongphorn is
the Director of
Corporate Development.
She is Thai
nationality.
BUSINESS OPERATIONS
The subject is
engaged in importing
and distributing of
professional kitchens and
kitchen infrastructure e.g.
catering solutions for
in-flight kitchen,
institutional kitchens
[hospitals and schools],
hotels, restaurants, quick service restaurant, convenience stores
and etc. Range of the products
are as follows:
- Fast
food, CVS and
beverage equipment
- Bakery
equipment
- Preparation
equipment/cooking equipment
- Ware
Wash and ventilation equipment
- Hot
and cold holding
equipment
The subject also
provides services incorporating consultancy, design, manufacture,
installation and product
servicing.
MAJOR BRANDS
“ALTO SHAAM”, “BEECH OVENS”, “BIZERBA”,
“BLENDTEC”, “BONNET”, “ELOMA”,
“ELRO”, “ENOFRIGO”,
“FRIGOMAT”, “GRINDMASTER”, “HALLDE”,
“HALTON”, “INDUCS”, “KOLB”,
“MANITOWOC”, “MEIKO”, “OLIS”,
“PIZZA MASTER”, “PRE-CISE”, “REVENT”,
“ROLLMATIC”, “SALVA”, “SANTOS”, “UNIVEX”, “WILLIAMS”, “YPT” and
etc.
IMPORT
90%
of the products
is imported from
U.S.A., Sweden, Germany,
Italy, France, Switzerland, Japan, United
Kingdom, Netherlands, Canada,
Spain, Hong Kong, Australia, Singapore, Malaysia,
and the rest
10% is purchased
locally.
MAJOR
SUPPLIERS
Alto-Shaam Inc. : U.S.A.
Beech Ovens Inc. : U.S.A./ Australia
Blendtec : U.S.A.
Bonnet
International : France
Eloma
GmbH. : Germany
Elro [U.K.] Ltd. : U.K.
Enofrigo S.P.A. : Italy
Frigomat
Srl. : Italy
Grindmaster - Cecilware Corp. : U.S.A.
Hallde : U.S.A.
Halton Group : U.S.A.
Inducs
AG. : Switzerland
Manitowoc Ice, Inc. : U.S.A.
Meiko
Maschinenbau GmbH : Germany
Olis Ali S.p.a. : Italy
Svenska Bake Partner
AB. : Sweden
Revent International AB. : Sweden
Salva Industrial S.A. : Spain
Univex Corp : U.S.A.
Williams
[U.K.] Ltd. : U.K.
YPT
International Ltd.
: Hong
Kong
Etc.
SALES
90% of the
products is sold
locally by wholesale
to dealers, manufacturers
and end-users, the
remaining 10% is exported
to India, Sri Lanka, Malaysia,
Hong Kong, Vietnam, Republic of
China, Indonesia and
Maldives.
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 15-30-60 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
T/T.
BANKING
Bangkok Bank Public
Co., Ltd.
[Pubplachai Branch,
Suapa Rd., Pomprab,
Bangkok]
EMPLOYMENT
The
subject employs approximately
160 staff.
LOCATION
DETAILS
The
premise is owned
for administrative office
at the heading
address. Premise is
located in commercial/residential area.
Warehouse:
-
71/1 Moo 1, Sethakij 1
Rd., Krathumban, Samutsakorn 74110.
-
90 Soi Ramkhamhaeng
18, Ramkhamhaeng Rd.,
Bangkapi, Bangkok 10240.
-
84 Krungthep Kretha
Rd., Huamark, Bangkapi,
Bangkok 10240.
Domestic
branch:
-
35 Thalang Rd.,
Muang, Phuket 83000.
Tel. : [66] 76 224-039,
76 211-241, Fax. :
[66] 76 215-860.
Oversea
branch office:
-
46/47 Prashanth Extension,
1st Cross, Hopefarm,
Whitefield, Bangalore 560066,
Karnataka, India.
E-mail: info@alliedmetals.com
Tel.: +91 80 4096-3060
Fax: +91 80 4096-3065
COMMENT
The subject is a
leading importer and distributor of
heavy duty kitchen
equipment. The products
and service are
for efficient workflow and
qualified equipment to
reduce chaotic situation in
the commercial kitchen.
The subject is recognized
by the industry
as the company
of choice for
food service products
and serviced in
the region, which
capabilities to develop,
manufacture, supply and support
quality products.
Its business performance
is moderate.
FINANCIAL INFORMATION
The
capital was registered
at Bht. 2,000,000
divided into 2,000 shares
of Bht. 1,000
each.
The
capital was increased
later as following:
Bht. 2,500,000
on October
12, 1973
Bht. 5,000,000
on November
22, 1993
Bht. 15,000,000
on July 8, 2003
Bht. 35,000,000
on July 26,
2011
The
latest registered capital
was increased to Bht. 35 million, divided
into 35,000 shares
of Bht. 1,000
each with fully
paid.
MAIN
SHAREHOLDERS : [as
at April 30,
2012]
|
NAME |
HOLDING |
% |
|
|
|
|
|
Bae Yong Hong
Seng Co., Ltd. Nationality: Thai Address : 666-668
Charoenkrung Rd.,
Samphantawong, Bangkok |
10,500 |
30.00 |
|
Mr. Suthee Jitcharoongphorn Nationality: Thai Address : 66
Ramkhamhaeng 9 Rd.,
Wangthonglang Bangkok |
3,360 |
9.60 |
|
Mr. Chatchawal Asawabenya Nationality: Thai Address : 245/72
Moo 3, Sapansung,
Bangkok |
2,002 |
5.72 |
|
Ms. Sutiluck Jitcharoongphorn Nationality: Thai Address : 66
Ramkhamhaeng 9 Rd.,
Wangthonglang Bangkok |
1,400 |
4.00 |
|
Ms. Prim Jitcharoongphorn Nationality: Thai Address : 66
Ramkhamhaeng 9 Rd.,
Wangthonglang Bangkok |
1,358 |
3.88 |
|
Ms. Primprao Jitcharoongphorn Nationality: Thai Address : 66
Ramkhamhaeng 9 Rd.,
Wangthonglang Bangkok |
1,358 |
3.88 |
|
Mr. Athikom Jitcharoongphorn Nationality: Thai Address : 66
Ramkhamhaeng 9 Rd.,
Wangthonglang Bangkok |
1,358 |
3.88 |
|
Others |
13,664 |
39.04 |
Total Shareholders : 22
Share Structure [as
at April 30,
2012]
|
Nationality |
Shareholders |
No. of Share |
% Shares |
|
|
|
|
|
|
Thai |
22 |
35,000 |
100.00 |
|
Foreign |
- |
- |
- |
|
Total |
22 |
35,000 |
100.00 |
NAME OF AUDITOR
& CERTIFIED PUBLIC
ACCOUNTANT NO. :
Mr. Thana Wongsaengnark No. 5446
BALANCE SHEET [BAHT]
The
latest financial figures
published for December
31, 2011 &
2010 were:
ASSETS
|
Current Assets |
2011 |
2010 [Adjusted] |
|
|
|
|
|
Cash in Hand
& at Bank |
8,553,758.85 |
9,035,189.72 |
|
Short-term Investment |
1,393,844.62 |
1,710,958.47 |
|
Trade Accounts Receivable |
53,852,452.48 |
69,603,888.40 |
|
Inventories |
91,143,974.78 |
82,105,878.52 |
|
Other Current Assets
|
14,364,829.26 |
14,266,752.47 |
|
|
|
|
|
Total Current Assets
|
169,308,859.99 |
176,722,667.58 |
|
Cash at Bank
pledged as a
Collateral |
6,922,835.82 |
6,906,611.58 |
|
Investment in Subsidiary |
2,554,584.79 |
2,554,584.79 |
|
Fixed Assets |
28,273,565.03 |
21,576,804.15 |
|
Intangible Assets |
- |
1.00 |
|
Other Non-current Assets |
3,515,665.81 |
2,014,228.48 |
|
Total Assets |
210,575,511.44 |
209,774,897.58 |
LIABILITIES &
SHAREHOLDERS' EQUITY [BAHT]
|
Current
Liabilities |
2011 |
2010 [Adjusted] |
|
|
|
|
|
Bank Overdraft & Short-term Loan
from Bank |
42,516,680.04 |
20,771,785.69 |
|
Trade Accounts Payable |
39,034,032.12 |
58,725,128.18 |
|
Current Portion of Hire-purchase Contract Payable |
384,579.85 |
544,747.81 |
|
Current Portion of Finance
Lease Contract Payable |
482,719.77 |
616,431.72 |
|
Accrued Expenses |
11,029,086.33 |
18,363,313.60 |
|
Advance Deposit for
Goods |
39,539,447.20 |
22,936,865.44 |
|
Accrued Income Tax |
- |
1,901,756.27 |
|
Other Current Liabilities |
732,985.83 |
710,773.18 |
|
|
|
|
|
Total Current Liabilities |
133,719,531.14 |
124,570,801.89 |
|
Hire-purchase Contract Payable
- Net |
336,976.43 |
721,556.28 |
|
Finance Lease Contract
Payable - Net |
863,250.71 |
626,577.35 |
|
Employee Benefit Obligation |
3,437,539.73 |
- |
|
Total Liabilities |
138,357,298.01 |
125,918,935.52 |
|
|
|
|
|
Shareholders' Equity |
|
|
|
|
|
|
|
Share capital : Baht 1,000
par value authorized, issued
and fully paid share
capital 35,000 &
15,000 shares in 2011
& 2010 respectively |
35,000,000.00 |
15,000,000.00 |
|
|
|
|
|
Capital Paid |
35,000,000.00 |
15,000,000.00 |
|
Unrealized Loss from
Investment in Securities available
for Sale |
180,101.15 |
497,215.00 |
|
Retained Earning Appropriated for
Statutory Reserve
|
1,500,000.00 |
1,500,000.00 |
|
Unappropriated |
35,538,112.28 |
66,858,747.06 |
|
Total Shareholders' Equity |
72,218,213.43 |
83,855,962.06 |
|
Total Liabilities & Shareholders' Equity |
210,575,511.44 |
209,774,897.58 |
PROFIT &
LOSS ACCOUNT
|
Revenue |
2011 |
2010 [Adjusted] |
|
|
|
|
|
Sales & Service
Income |
286,454,023.56 |
428,967,142.03 |
|
Other Income |
2,737,779.16 |
5,855,687.08 |
|
Total Revenues |
289,191,802.72 |
434,822,829.11 |
|
Expenses |
|
|
|
|
|
|
|
Cost of Goods
Sold & Service |
220,209,176.03 |
328,260,209.10 |
|
Selling Expenses |
5,556,094.20 |
5,513,029.24 |
|
Administrative Expenses |
88,918,050.47 |
88,851,946.92 |
|
Other Expenses |
3,437,539.73 |
2,638,139.16 |
|
Total Expenses |
318,120,860.43 |
425,263,324.42 |
|
|
|
|
|
Profit / [Loss] before Finance
Cost and Income Tax |
[28,929,057.71] |
9,559,504.69 |
|
Finance Cost |
[2,391,577.07] |
[3,276,833.66] |
|
|
|
|
|
Profit / [Loss] before Income Tax |
[31,320,634.78] |
6,282,671.03 |
|
Income Tax |
- |
[3,204,433.22] |
|
|
|
|
|
Net Profit / [Loss] |
[31,320,634.78] |
3,078,237.81 |
FINANCIAL ANALYSIS
|
ITEM |
UNIT |
2011 |
2010 |
|
|
|
|
|
|
LIQUIDITY RATIO |
|
|
|
|
CURRENT RATIO |
TIMES |
1.27 |
1.42 |
|
QUICK RATIO |
TIMES |
0.48 |
0.65 |
|
|
|
|
|
|
ACTIVITY RATIO |
|
|
|
|
FIXED ASSETS TURNOVER |
TIMES |
10.13 |
19.88 |
|
TOTAL ASSETS TURNOVER |
TIMES |
1.36 |
2.04 |
|
INVENTORY CONVERSION PERIOD |
DAYS |
151.07 |
91.30 |
|
INVENTORY TURNOVER |
TIMES |
2.42 |
4.00 |
|
RECEIVABLES CONVERSION PERIOD |
DAYS |
68.62 |
59.22 |
|
RECEIVABLES TURNOVER |
TIMES |
5.32 |
6.16 |
|
PAYABLES CONVERSION PERIOD |
DAYS |
64.70 |
65.30 |
|
CASH CONVERSION CYCLE |
DAYS |
154.99 |
85.22 |
|
|
|
|
|
|
PROFITABILITY
RATIO |
|
|
|
|
COST OF GOODS SOLD |
% |
76.87 |
76.52 |
|
SELLING & ADMINISTRATION |
% |
32.98 |
22.00 |
|
INTEREST |
% |
0.83 |
0.76 |
|
GROSS PROFIT MARGIN |
% |
24.08 |
24.84 |
|
NET PROFIT MARGIN BEFORE EX. ITEM |
% |
(10.10) |
2.23 |
|
NET PROFIT MARGIN |
% |
(10.93) |
0.72 |
|
RETURN ON EQUITY |
% |
(43.37) |
3.67 |
|
RETURN ON ASSET |
% |
(14.87) |
1.47 |
|
EARNING PER SHARE |
BAHT |
(894.88) |
205.22 |
|
|
|
|
|
|
LEVERAGE RATIO |
|
|
|
|
DEBT RATIO |
TIMES |
0.66 |
0.60 |
|
DEBT TO EQUITY RATIO |
TIMES |
1.92 |
1.50 |
|
TIME INTEREST EARNED |
TIMES |
(12.10) |
2.92 |
|
|
|
|
|
|
ANNUAL GROWTH |
|
|
|
|
SALES GROWTH |
% |
(33.22) |
|
|
OPERATING PROFIT |
% |
(402.62) |
|
|
NET PROFIT |
% |
(1,117.49) |
|
|
FIXED ASSETS |
% |
31.04 |
|
|
TOTAL ASSETS |
% |
0.38 |
|
PROFITABILITY
RATIO
|
Gross Profit Margin |
24.08 |
Impressive |
Industrial
Average |
19.04 |
|
Net Profit Margin |
(10.93) |
Deteriorated |
Industrial
Average |
4.01 |
|
Return on Assets |
(14.87) |
Deteriorated |
Industrial
Average |
5.03 |
|
Return on Equity |
(43.37) |
Deteriorated |
Industrial
Average |
9.95 |
Gross Profit Margin used to assess a firm's financial health by revealing
the proportion of money left over from revenues 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 24.08%. When
compared with the industry average, the ratio of the company was higher, this
indicated that company was more profitable than the same industry.
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 -10.93%.
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 -14.87%.
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 -43.37%.
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 |
1.27 |
Acceptable |
Industrial
Average |
1.73 |
|
Quick Ratio |
0.48 |
|
|
|
|
Cash Conversion Cycle |
154.99 |
|
|
|
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 1.27 times in 2011, decreased from 1.42 times, then it is generally
considered to have good short-term financial strength. 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 0.48 times in 2011,
decreased from 0.65 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 155 days.
Trend of the
average competitors in the same industry for last 5 years
Current Ratio Uptrend
LEVERAGE RATIO
|
Debt Ratio |
0.66 |
Acceptable |
Industrial
Average |
0.50 |
|
Debt to Equity Ratio |
1.92 |
Risky |
Industrial
Average |
0.94 |
|
Times Interest Earned |
(12.10) |
Risky |
Industrial
Average |
4.87 |
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 -12.1 lower than 1, so the company is not generating
enough cash from EBIT to meet its
interest obligations.
Debt Ratio shows the proportion of a company's assets which are financed
through debt. The company's figure is 0.66 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 |
10.13 |
Impressive |
Industrial
Average |
3.35 |
|
Total Assets Turnover |
1.36 |
Impressive |
Industrial
Average |
1.24 |
|
Inventory Conversion Period |
151.07 |
|
|
|
|
Inventory Turnover |
2.42 |
Satisfactory |
Industrial
Average |
3.01 |
|
Receivables Conversion Period |
68.62 |
|
|
|
|
Receivables Turnover |
5.32 |
Impressive |
Industrial
Average |
4.82 |
|
Payables Conversion Period |
64.70 |
|
|
|
Trend of the
average competitors in the same industry for last 5 years
Fixed Assets Turnover Uptrend
Total Assets Turnover Downtrend
Inventory Turnover Uptrend
Receivables Turnover Uptrend
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.54.34 |
|
|
1 |
Rs.86.96 |
|
Euro |
1 |
Rs.69.42 |
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.