MIRA
INFORM REPORT
|
Report Date : |
21.11.2012 |
IDENTIFICATION DETAILS
|
Name : |
VON -
BUNDIT CO., LTD. |
|
|
|
|
Registered Office : |
|
|
|
|
|
Country : |
|
|
|
|
|
Financials (as on) : |
31.12.2011 |
|
|
|
|
Date of Incorporation : |
24.06.1987 |
|
|
|
|
Com. Reg. No.: |
0105530029794 |
|
|
|
|
Legal Form : |
Private
Limited Company |
|
|
|
|
Line of Business : |
Manufacturer, Distributor
& Exporter of Rubber Products |
|
|
|
|
No. of Employees : |
1,800 |
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 : |
Good |
|
Payment Behaviour : |
Regular |
|
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
VON - BUNDIT
CO., LTD.
SUMMARY
BUSINESS ADDRESS : 20/5
GOMARAPAT ROAD, TALADYAI,
MUANG,
PHUKET 83000
TELEPHONE : [66] 76
210-031-32
FAX :
[66] 76
210-040, 76 210-026
E-MAIL
ADDRESS : von@vonbundit.com
REGISTRATION
ADDRESS : SAME
AS BUSINESS ADDRESS
ESTABLISHED
: 1987
REGISTRATION
NO. : 0105530029794 [Former: 2975/2530]
TAX
ID NO. : 3101452365
CAPITAL REGISTERED : BHT. 700,000,000
CAPITAL PAID-UP : BHT.
700,000,000
SHAREHOLDER’S PROPORTION : THAI : 99.50%
MALAYSIAN
:
0.50%
FISCAL YEAR CLOSING DATE : DECEMBER 31
LEGAL
STATUS : PRIVATE LIMITED
COMPANY
EXECUTIVE : MR. PONGSAK KERDVONBUNDIT, THAI
MANAGING DIRECTOR
NO.
OF STAFF : 1,800
LINES
OF BUSINESS : RUBBER PRODUCTS
MANUFACTURER, DISTRIBUTOR
& EXPORTER
CORPORATE PROFILE
OPERATING
TREND : STABLE
PRESENT
SITUATION : OPERATING NORMALLY
REPUTATION : GOOD
WITH NORMAL BUSINESS
ENGAGEMENT
MANAGEMENT
STANDARD : MANAGEMENT WITH
GOOD PERFORMANCE
HISTORY
The
subject was established
on June 24,
1987 as a private
limited company under
the name style VON
- BUNDIT CO., LTD.,
by Thai group,
the Kerdvonbundit family,
in order to
manufacture and market
rubber sheet, rubber
bar and latex
to both local
and overseas markets.
It currently employs
1,800 staff.
The subject’s registered address is
20/5 Gomarapat Rd.,
Taladyai, Muang, Phuket
83000, and this
is the subject’s
current operation address.
THE BOARD
OF DIRECTOR
|
Name |
|
Nationality |
Age |
|
|
|
|
|
|
Mrs. Nanthinee Kerdvonbundit |
|
Thai |
83 |
|
Mr. Payungsak Kerdvonbundit |
|
Thai |
58 |
|
Mr. Pongsak Kerdvonbundit |
|
Thai |
56 |
|
Mrs. Maneerat Upatising |
|
Thai |
61 |
|
Mrs. Kamolphan Phankosol |
|
Thai |
59 |
|
Mr. Bundit Kerdvonbundit |
|
Thai |
26 |
|
Mr. Thanawat Phankosol |
|
Thai |
23 |
|
Mr. Tanat Upatising |
|
Thai |
30 |
|
Ms. Duangruthai Kerdvonbundit |
|
Thai |
25 |
AUTHORIZED PERSON
Any two of the
above directors can
jointly sign on
behalf of the
subject with company’s
affixed.
MANAGEMENT
Mr. Pongsak
Kerdvonbundit is the
Managing Director.
He
is Thai nationality
with the age
of 56 years
old.
Mr. Kasemsak
Preethan is the
Logistics Manager.
He
is Thai nationality.
Mr. Jason
Tan is the
Chief Marketing Officer.
He
is Singaporean nationality.
Ms. Walailuck Akkasintawangkul is
the Accounting Manager.
She
is Thai nationality.
Ms. Maliwan
Bunlapwongsakul is the
Finance Manager.
She
is Thai nationality.
Mr. Yaemwong
Yepmontasiri is the
Suratthani Region Manager.
He
is Thai nationality.
Mr. Withaya
Marksin is the
Suratthani Factory Manager.
He
is Thai nationality.
Mr. Ekapoj
Maneerat is the
Krabi Latex Factory
Manager.
He
is Thai nationality.
Mr. Somporn
Bunkerd is the
Punpin Factory Manager.
He
is Thai nationality.
BUSINESS OPERATION
The
subject is engaged
in manufacturing natural
rubber products including
concentrated latex, ribbed
smoked sheet, standard
Thai rubber sheet
and etc.
PRODUCTION
RSS : 240,000
metric tons per
annum
STR : 408,000
metric tons per
annum
Concentrated
latex : 57,000
metric tons per
annum
PURCHASE
100%
of raw material
and chemical are
purchased from local suppliers.
EXPORT
[COUNTRIES]
80%
of the products
is exported to Japan, U.S.A., Korea, Canada, Hong Kong, Australia, Singapore,
Malaysia, Indonesia, Republic
of China, India,
Taiwan, and countries
in Europe.
SALES
[LOCAL]
20%
of the products
is sold locally
by wholesale to
manufacturers and end-users.
RELATED AND
AFFILIATED COMPANIES
Von
Bundit International Co.,
Ltd.
Business Type : International rubber
trading company
Great
Glove Co., Ltd.
Business Type : Manufacturer of
latex gloves
United
Oil Palm Plantation
Co., Ltd.
Business Type : Cultivation of oil
palm plantation
United
Rubber Co., Ltd.
Business Type : Manufacturer of
rubber products
Von
Bundit Petroleum Co.,
Ltd.
Business Type : Distributor of
petroleum
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
according 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.
Exports
are against L/C
at sight or
T/T.
BANKING
Bangkok
Bank Public Co.,
Ltd.
Krung
Thai Bank Public
Co., Ltd.
The
Siam Commercial Bank
Public Co., Ltd.
Bank
of Ayudhya Public
Co., Ltd.
EMPLOYMENT
The
subject currently employs
approximately 1,800 staff.
LOCATION DETAIL
The
premise is owned
for administrative office
at the heading
address. Premise is
located in Phuket
province, in the southern
region of Thailand.
Factories
are located at
the followings:
Factory
I : 65
Moo 1, Suratthani-Nasarn Rd.,
Khuntalay, Muang, Suratthani
84000
Tel.:
[66] 77 353-321-4,
Fax: [66] 77
355-325
Factory
II : 97/2
Moo 3, Asia
41 Highway, Tharongchang,
Punpin, Suratthani 84130
Tel.:
[66] 77 254-031-4,
Fax: [66] 77
254-035
Factory
III : 67/1
Moo 3, Nanua,
Ao-luek, Krabi 81110
Tel.:
[66] 75 618-096,
Fax: [66] 75
618-095
Branches:
-
212/35 Sukhumvit Rd.,
Klongtoey, Bangkok 10110
-
228/6-7 Suratthani-Nasarn Rd.,
Khuntalay, Muang, Suratthani
84000
-
8-10 Nimit 1
Rd., Taladyai, Muang,
Phuket 83000
-
212/19 Sukhumvit Rd.,
Klongtoey, Bangkok 10110.
COMMENT
The
subject’s sale in
2011 was drastically
increased compared to
the previous year. This
was mainly due to strong
consumption in both domestic and
exported market caused
by industrial improvement.
Generally, the subject’s
business still remains
in good condition,
and growth is
continuing.
FINANCIAL INFORMATION
The
capital was initially
registered at Bht. 12,000,000 divided
into 12,000 shares
of Bht. 1,000
each.
The
capital was increased
later as following:
Bht. 20,000,000 on
April 17, 1990
Bht. 50,000,000 on
November 13, 1991
Bht. 100,000,000 on
December 28, 1994
Bht. 200,000,000 on
June 20, 1996
Bht. 300,000,000 on
December 21, 1997
Bht. 500,000,000 on
April 21, 1999
Bht. 700,000,000 on
March 24, 2000
The
latest registered capital
was increased to Bht. 700,000,000
divided into 700,000 shares
of Bht. 1,000
each with fully
paid.
THE
SHAREHOLDERS LISTED WERE
: [as at
September 6, 2012]
|
NAME |
HOLDING |
% |
|
|
|
|
|
Mr. Payungsak Kerdvonbundit Nationality: Thai Address : 20/5
Gomarapat Rd., Taladyai,
Muang, Phuket |
140,000 |
20.00 |
|
Mr. Pongsak Kerdvonbundit Nationality: Thai Address : 20/5
Gomarapat Rd., Taladyai,
Muang, Phuket |
133,000 |
19.00 |
|
Mrs. Nanthinee Kerdvonbundit Nationality: Thai Address : 20/5
Gomarapat Rd., Taladyai,
Muang, Phuket |
122,500 |
17.50 |
|
Mr. Bundit Kerdvonbundit Nationality: Thai Address : 20/5
Gomarapat Rd., Taladyai,
Muang, Phuket |
70,000 |
10.00 |
|
Ms. Duangruthai Kerdvonbundit Nationality: Thai Address : 20/5
Gomarapat Rd., Taladyai,
Muang, Phuket |
70,000 |
10.00 |
|
Mrs. Kamolphan Phankosol Nationality: Thai Address : 3
Lamethong Village, Suanluang,
Prakanong, Bangkok |
35,000 |
5.00 |
|
Mrs. Maneerat Upatising Nationality: Thai
Address : 64/2
Vichitsongkram Rd., Taladnua, Muang, Phuket |
35,000 |
5.00 |
|
Mr. Tanat Upatising Nationality: Thai
Address : 64/2
Vichitsongkram Rd., Taladnua, Muang, Phuket |
35,000 |
5.00 |
|
Mr. Thanawat Phankosol Nationality: Thai Address : 562
Moo 15, Bangkaew, Bangplee,
Samutprakarn |
35,000 |
5.00 |
|
Phuket Saengthong LP. Nationality: Thai Address : 8-10
Nimit 1 Rd., Taladyai,
Muang, Phuket |
14,000 |
2.00 |
|
Mrs. Varunee Kerdvonbundit Nationality: Thai Address : 3
Lamethong Village, Suanluang,
Prakanong, Bangkok |
7,000 |
1.00 |
|
Mr. Tan Jin Huad Nationality: Malaysian
Address : 20/5
Gomarapat Rd., Taladyai,
Muang, Phuket |
3,500 |
0.50 |
Total Shareholders : 12
Share Structure [as
at September 6,
2012]
|
Nationality |
Shareholders |
No. of Share |
% Shares |
|
|
|
|
|
|
Thai |
11 |
696,500 |
99.50 |
|
Foreign - Malaysian |
1 |
3,500 |
0.50 |
|
Total |
12 |
700,000 |
100.00 |
NAME OF AUDITOR
& CERTIFIED PUBLIC
ACCOUNTANT NO. :
Mr. Pornchai Kittipanyangam No.
2778
BALANCE SHEET [BAHT]
The
latest financial figures
published for December
31, 2011 &
2010 were:
ASSETS
|
Current Assets |
2011 |
2010 |
|
|
|
|
|
Cash and Cash Equivalents |
285,555,242.54 |
621,123,575.71 |
|
Trade Accounts & Other
Receivable |
2,753,709,065.16 |
3,236,080,552.98 |
|
Inventories |
5,581,019,873.35 |
5,902,949,207.33 |
|
Prepaid Receivable |
271,313,963.89 |
306,637,397.81 |
|
Prepaid Payment for
Goods |
22,360,000.00 |
143,016,248.80 |
|
Other Current Assets
|
22,119,844.50 |
10,754,456.84 |
|
Total Current Assets
|
8,936,077,989.44 |
10,220,561,439.47 |
|
|
|
|
|
Investment in Marketable
Securities |
4,936,700.00 |
4,746,460.00 |
|
Investment in Associated
Companies |
14,946,379.00 |
14,946,379.00 |
|
Investment in Subsidiaries |
13,800,000.00 |
13,800,000.00 |
|
Investment in Other
Companies |
33,019,970.00 |
33,019,970.00 |
|
Fixed Assets |
849,097,235.03 |
726,932,415.98 |
|
Intangible Assets |
17,830,729.70 |
16,007,500.38 |
|
Total Assets |
9,869,709,003.17 |
11,030,014,164.83 |
LIABILITIES &
SHAREHOLDERS' EQUITY [BAHT]
|
Current Liabilities |
2011 |
2010 |
|
|
|
|
|
Bank Overdraft &
Short-term Loan from Financial Institution |
6,529,238,591.12 |
8,157,494,301.80 |
|
Trade Accounts & Other
Receivable |
343,790,506.16 |
226,879,363.98 |
|
Current Portion of Long-term Liabilities |
2,638,350.94 |
1,940,505.25 |
|
Short-term Loan from Related Company |
65,000,000.00 |
- |
|
Other Payable |
7,265,671.62 |
- |
|
Accrued Income Tax |
1,297,290.95 |
118,756.85 |
|
Other Current Liabilities |
6,934,331.14 |
8,757,963.81 |
|
Total Current Liabilities |
6,956,164,741.93 |
8,395,190,891.69 |
|
Long-term Loan from
Directors |
907,247,890.85 |
682,729,215.27 |
|
Long-term Financial Lease Contract |
6,550,663.11 |
4,464,398.01 |
|
Total Liabilities |
7,869,963,295.89 |
9,082,384,504.97 |
|
|
|
|
|
Shareholders' Equity |
|
|
|
|
|
|
|
Share capital : Baht 1,000
par value authorized, issued
and fully paid share
capital 700,000 shares |
700,000,000.00 |
700,000,000.00 |
|
Capital Paid |
700,000,000.00 |
700,000,000.00 |
|
Retained Earning Appropriated for
Statutory Reserve |
70,000,000.00 |
70,000,000.00 |
|
Unappropriated |
1,227,498,247.28 |
1,175,572,439.86 |
|
Other Components of
Shareholders’ Equity |
2,247,460.00 |
2,057,220.00 |
|
Total Shareholders' Equity |
1,999,745,707.28 |
1,947,629,659.86 |
|
Total Liabilities & Shareholders' Equity |
9,869,709,003.17 |
11,030,014,164.83 |
PROFIT &
LOSS ACCOUNT
|
Revenue |
2011 |
2010 |
|
|
|
|
|
Sales Income |
69,051,391,318.64 |
43,187,010,734.78 |
|
Gain on Sales
of Goods |
585,815,545.01 |
56,113,167.30 |
|
Gain on Exchange
Rate |
669,103,394.45 |
766,960,978.94 |
|
Other |
67,332,706.71 |
16,352,395.30 |
|
Total Revenues |
70,373,642,964.81 |
44,026,437,276.32 |
|
Expenses |
|
|
|
|
|
|
|
Cost of Goods
Sold |
66,938,800,572.11 |
42,172,564,750.08 |
|
Selling Expenses |
2,737,474,305.39 |
1,222,866,023.90 |
|
Administrative Expenses |
233,428,336.91 |
219,911,968.02 |
|
Loss on Sales
of Investment |
- |
30,799,912.00 |
|
Total Expenses |
69,909,703,214.41 |
43,646,142,654.00 |
|
Profit before Finance Cost &
Income Tax |
463,939,750.40 |
380,294,622.32 |
|
Finance Cost |
[279,757,905.28] |
[78,640,517.66] |
|
Profit before Income Tax |
184,181,845.12 |
301,654,104.66 |
|
Income Tax |
[34,956,037.70] |
[21,682,768.20] |
|
Net Profit / [Loss] |
149,225,807.42 |
279,971,336.46 |
FINANCIAL ANALYSIS
|
ITEM |
UNIT |
2011 |
2010 |
|
|
|
|
|
|
LIQUIDITY RATIO |
|
|
|
|
CURRENT RATIO |
TIMES |
1.28 |
1.22 |
|
QUICK RATIO |
TIMES |
0.44 |
0.46 |
|
|
|
|
|
|
ACTIVITY RATIO |
|
|
|
|
FIXED ASSETS TURNOVER |
TIMES |
81.32 |
59.41 |
|
TOTAL ASSETS TURNOVER |
TIMES |
7.00 |
3.92 |
|
INVENTORY CONVERSION PERIOD |
DAYS |
30.43 |
51.09 |
|
INVENTORY TURNOVER |
TIMES |
11.99 |
7.14 |
|
RECEIVABLES CONVERSION PERIOD |
DAYS |
14.56 |
27.35 |
|
RECEIVABLES TURNOVER |
TIMES |
25.08 |
13.35 |
|
PAYABLES CONVERSION PERIOD |
DAYS |
1.87 |
1.96 |
|
CASH CONVERSION CYCLE |
DAYS |
43.11 |
76.48 |
|
|
|
|
|
|
PROFITABILITY
RATIO |
|
|
|
|
COST OF GOODS SOLD |
% |
96.94 |
97.65 |
|
SELLING & ADMINISTRATION |
% |
4.30 |
3.34 |
|
INTEREST |
% |
0.41 |
0.18 |
|
GROSS PROFIT MARGIN |
% |
4.97 |
4.29 |
|
NET PROFIT MARGIN BEFORE EX. ITEM |
% |
0.67 |
0.88 |
|
NET PROFIT MARGIN |
% |
0.22 |
0.65 |
|
RETURN ON EQUITY |
% |
7.46 |
14.37 |
|
RETURN ON ASSET |
% |
1.51 |
2.54 |
|
EARNING PER SHARE |
BAHT |
213.18 |
399.96 |
|
|
|
|
|
|
LEVERAGE RATIO |
|
|
|
|
DEBT RATIO |
TIMES |
0.80 |
0.82 |
|
DEBT TO EQUITY RATIO |
TIMES |
3.94 |
4.66 |
|
TIME INTEREST EARNED |
TIMES |
1.66 |
4.84 |
|
|
|
|
|
|
ANNUAL GROWTH |
|
|
|
|
SALES GROWTH |
% |
59.89 |
|
|
OPERATING PROFIT |
% |
21.99 |
|
|
NET PROFIT |
% |
(46.70) |
|
|
FIXED ASSETS |
% |
16.81 |
|
|
TOTAL ASSETS |
% |
(10.52) |
|
PROFITABILITY
RATIO
|
Gross Profit Margin |
4.97 |
Acceptable |
Industrial Average |
8.82 |
|
Net Profit Margin |
0.22 |
Impressive |
Industrial Average |
(0.36) |
|
Return on Assets |
1.51 |
Impressive |
Industrial Average |
0.60 |
|
Return on Equity |
7.46 |
Impressive |
Industrial Average |
0.61 |
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 4.97%. 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. Net Profit Margin ratio is 0.22%,
higher figure when compared with those of its average competitors in the same
industry, indicated that business was an efficient operator in a dominant
position within its industry.
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. Return on Assets ratio is
1.51%, higher figure when compared with those of its average competitors in the
same industry, indicated that business was an efficient profit in a dominant
position within its industry.
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. Return on Equity ratio
is 7.46%, higher figure when compared with those of its average competitors in
the same industry, indicated that business was an efficient profit in a
dominant position within its industry.
Trend of the
average competitors in the same industry for last 5 years
Return on Assets Downtrend
Return on Equity Downtrend
LIQUIDITY RATIO
|
Current Ratio |
1.28 |
Deteriorated |
Industrial Average |
23.66 |
|
Quick Ratio |
0.44 |
|
|
|
|
Cash Conversion Cycle |
43.11 |
|
|
|
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 1.28 times in 2011, increase from 1.22 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 0.44 times in 2011,
decrease from 0.46 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 44 days.
Trend of the
average competitors in the same industry for last 5 years
Current Ratio Uptrend
LEVERAGE RATIO
|
Debt Ratio |
0.80 |
Impressive |
Industrial Average |
0.87 |
|
Debt to Equity Ratio |
3.94 |
Risky |
Industrial Average |
2.71 |
|
Times Interest Earned |
1.66 |
Deteriorated |
Industrial Average |
6.65 |
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 1.66 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 0.8 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 Uptrend
Times Interest Earned Uptrend
ACTIVITY RATIO
|
Fixed Assets Turnover |
81.32 |
Impressive |
Industrial Average |
26.65 |
|
Total Assets Turnover |
7.00 |
Impressive |
Industrial Average |
2.91 |
|
Inventory Conversion Period |
30.43 |
|
|
|
|
Inventory Turnover |
11.99 |
Impressive |
Industrial Average |
10.81 |
|
Receivables Conversion Period |
14.56 |
|
|
|
|
Receivables Turnover |
25.08 |
Impressive |
Industrial Average |
17.55 |
|
Payables Conversion Period |
1.87 |
|
|
|
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.54.91 |
|
|
1 |
Rs.87.38 |
|
Euro |
1 |
Rs.70.23 |
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.