MIRA
INFORM REPORT
|
Report Date : |
04.10.2012 |
IDENTIFICATION DETAILS
|
Name : |
UAWITHYA MACHINERY CO., LTD. |
|
|
|
|
Registered Office : |
11th Floor,
|
|
|
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Country : |
|
|
|
|
|
Financials (as on) : |
31.12.2011 |
|
|
|
|
Date of Incorporation : |
1968 |
|
|
|
|
Com. Reg. No.: |
0105511001561 |
|
|
|
|
Legal Form : |
Private Limited Company |
|
|
|
|
Line of Business : |
Importer & Distributor of Quarry Equipment & Commercial Explosives |
|
|
|
|
No. of Employees : |
150 |
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 – 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
UAWITHYA
MACHINERY CO., LTD.
SUMMARY
BUSINESS
ADDRESS : 11th FLOOR,
SIVATEL TOWER,
53
WIRELESS
ROAD, LUMPINI,
PATHUMWAN,
BANGKOK 10330
TELEPHONE : [66] 2253-1170-6
FAX : [66] 2253-1187-9
E-MAIL ADDRESS : natthakan@uawithya.com
REGISTRATION
ADDRESS : SAME
AS BUSINESS ADDRESS
ESTABLISHED
: 1968
REGISTRATION
NO. : 0105511001561
[Former: 187/2511]
TAX
ID NO. ; 3101067484
CAPITAL REGISTERED : BHT. 80,000,000
CAPITAL PAID-UP : BHT.
80,000,000
SHAREHOLDER’S PROPORTION : THAI : 100%
FISCAL YEAR CLOSING DATE : DECEMBER 31
LEGAL
STATUS : PRIVATE LIMITED
COMPANY
EXECUTIVE : MR.
SUPACHAI UAWITHYA, THAI
PRESIDENT
NO.
OF STAFF : 150
LINES
OF BUSINESS : QUARRY EQUIPMENT
& COMMERCIAL EXPLOSIVES
IMPORTER &
DISTRIBUTOR
CORPORATE PROFILE
OPERATING
TREND : STABLE
PRESENT
SITUATION : OPERATING NORMALLY
REPUTATION : GOOD
WITH NORMAL BUSINESS
ENGAGEMENT
MANAGEMENT
STANDARD : MANAGEMENT WITH
FAIR PERFORMANCE
HISTORY
The subject was
established on March
14, 1968 as
a private limited
company under the
name style UAWITHYA
MACHINERY CO., LTD. by
Thai groups. The subject
is the leading
supplier of high
quality Quarry Equipment
and Commercial Explosives
in Thailand. It
currently employs approximate 150 staff.
The subject has expertise
in the field
of drilling and
blasting. It is
well known in
the Quarry and
Cement Industry in
Thailand. It works
closely with the
Mineral Resource Department
and the Quarry
Association to give
lectures and seminars
to the Quarry
community with the
emphasis on advance
technology, safety and
the environment.
The registered address
was initially located
at 457, 383/73-74,
383/80-81 Chakrapadipong Rd., Klongmahanark, Pomprab,
Bangkok 10100.
On July 13,
2012, the registered
address was relocated
to 11th Flr., Sivatel Tower, 53
Wireless Rd., Lumpini, Pathumwan, Bangkok
10330, and this
is the subject’s
current operation address.
THE BOARD OF DIRECTORS
|
Name |
|
Nationality |
Age |
|
|
|
|
|
|
Mr. Supachai Uawithya |
[-] |
Thai |
60 |
|
Ms. Kejkanok Uawithya |
[x] |
Thai |
50 |
|
Mr. Navapol Uawithya |
[-] |
Thai |
47 |
|
Mr. Vicharn Boonlee |
[+] |
Thai |
36 |
|
Mr. Parinthorn Khanthong |
[+] |
Thai |
43 |
|
Mr. Sompiti
Uawithya |
[-] |
Thai |
42 |
AUTHORIZED PERSON
The above director
[x] can jointly
sign with one
of the directors
[-] or one
of the directors
[+] can sign on behalf
of the subject
with company’s affixed.
MANAGEMENT
Mr. Supachai Uawithya is
the President.
He is Thai
nationality with the
age of 60
years old.
Mr. Navapol Uawithya is
the Vice President.
He is Thai
nationality with the
age of 47 years old.
Ms. Kejkanok Uawithya is
the Managing Director.
She is Thai
nationality with the
age of 50
years old.
Mr. Sompiti Uawithya is
the Branding Director.
He is Thai
nationality with the
age of 42
years old.
BUSINESS OPERATIONS
The subject’s activities
are importer and
sole agent wide
range of high
quality Quarry Equipment
and Commercial Explosives
for mining industry.
Its products are
as follows:
Products Brands
Machinery & Equipments
Crawler Drills “FURUKAWA”
Hydraulic Breakers “FURUKAWA”
Hand Tools “FURUKAWA”
Quarrying Products “PEWAG”
Exploder, Ohmmeters, Tester “WASAGCHEMIE”
Explosive Products
- Package Explosive
- Detonators
- Detonating Cord
- Safety Fuse
Subject also provides full
range of service
for blast design,
customer safety training,
technical support, explosives
license management, drill,
blast consultant, as
well as after
sale servicing of maintenance and
workshop repairs.
SERVICE
Blast Design
Almost 40 years
experience in the
quarry and cement
industry, Uawithya is
able to offer
expert advice to
the customers regarding
drilling and blasting.
Subject’s technical team
is able to
tack blasting design
as well as
solving drilling and
blasting problems hands
on.
Customer Training
Subject offers
on site and
classroom training on all
products according to
customers’ requirement. Seminars
in conjunction with
the suppliers’ technical
experts are also
conducted throughout the
year
Explosives License
Management
Subject has a
skilled team in
own License Department
to carry out
Application and Manage customer
Licenses and Permit
efficiently.
Drill and Blast
Consultant
The Quarry Service
Team are ready
to assist in
all aspects of
Drilling and Blasting.
Engineers have experience
in open pit
Quarry, Tunnelling, Presplit and Mineral Mining.
After Sales Service
Uawithya
Machinery has one
of the most
experienced service teams
in Thailand. Subject’s
mechanics are through
and proactive in
their approach.
Subject offers both
on site repair
and in subject’s
well equipped workshop
in customers’ area.
MAJOR BRANDS
“FURUKAWA”,
“PEWAG”, “WASAGCHEMIE”, “SANDVIK”,
“METSO”, “LIEBHERR”, “RAMMER”,
“TEREX”, “CME”, “PRO-TECH”,
“MINERALS” and etc.
IMPORT [COUNTRIES]
The products are imported from
Japan, Austria, Sweden,
Finland, Germany, Australia,
Republic of China
and France.
MAJOR SUPPLIERS
Furukawa Rock Drill Sales
Co., Ltd. : Japan
Pewag : Austria
Orica
Explosives : Australia
Sandvik AB. : Sweden
Wasagchemie Sythen GmbH. :
Germany
Metso
Corporation : Finland
Liebherr
[Thailand] Co., Ltd. : Thailand
Terex Corporation : U.S.A.
Trelleborg AB : Sweden
SALES [LOCAL]
100% of the
products is sold
locally to mining,
cement industry, Thai
Government and contractors.
MAJOR CUSTOMERS
Siam City Cement
Public Co., Ltd. : Thailand
TPI Polene Public
Co., Ltd. :
Thailand
The Siam Cement
[Kaengkhoi]
Co., Ltd. :
Thailand
The Siam Cement
[Taluang]
Co., Ltd. : Thailand
The Siam Cement
[Thung
Song] Co., Ltd. : Thailand
The Siam Cement
[Lampang]
Co., Ltd. :
Thailand
ASSOCIATED & AFFILIATED
COMPANIES
The subject is
a member of Uawithya Group of
companies which consists
of:
Thanom Changkol Co., Ltd.
Business Type : Importer
of commercial explosives
Investment :
The subject holds
99.40% of company’s
total shares
Thai Explosives Co., Ltd.
Business Type : Importer
of commercial explosives
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 of
30-60 days.
Local bills are
paid by cash
or on the
credits of 30-60 days.
Imports are by
L/C at sight
or T/T.
BUSINESS TRANSACTION
The products are
sold and serviced
by both cash
and credit with
maximum credit given at
30-60 days. There is
no payment problem
from customers.
BANKING
Siam Commercial Bank
Public Co., Ltd.
[Head Office
: 9 Ratchadapisek Rd., Ladyao, Jatujak,
Bangkok 10900]
[Surawong Branch
: 291 Surawong Rd., Bangrak,
Bangkok 10500]
Kasikornbank Public
Co., Ltd.
[Vorachak Branch
: 195/1-3 Vorachak Rd., Pomprab, Bangkok
10100]
EMPLOYMENT
The subject employs
approximately 150 staff.
[office staff and
service workers]
LOCATION DETAILS
The premise is rented
for administrative office, service
center and warehouse
at the heading
address. Premise is
located in commercial/residential area.
The subject currently
has 10 branches,
located at the
following addresses :
-
437 Mitraphap Rd., Pakpriew, Muang, Saraburi.
-
333/3-5 Moo
5, Pluangban, Prasart, Surin.
-
530/16-17
Moo 14, Malaiman, Jarakaesamphun, U-Thong,
Supanburi.
-
243,
245 Moo 8, Lampang-Ngao
Rd., Suandok, Muang, Lampang.
-
23/2 Moo
5, Sukhumvit Rd., Huaykapi, Muang, Chonburi.
-
69/11-12 Moo
1, Lopburi-Ramesuan Rd., Klonghae, Hadyai, Songkhla.
-
84/1 Bannaiwang Rd., Pakpraek, Thungsong, Nakornsrithammarat.
-
73/17 Moo
2, Punpin, Suratthani.
-
459/11-12
Moo 3, Samor Khae, Muang, Phisanuloke.
-
48/9-10
Moo 9, T. Wangsapung, A. Wangsapung, Loei.
COMMENT
The company is the only company in the country which is able to offer
the most comprehensive and after sales
support for both drilling
and blasting requirement,
as well as one of
the most experienced service
team in Thailand.
Since establishment in
1968, its experiences
and proactive term specializing
in the care
and maintenance of all Quarry machinery
from Drills, Hammers loaders excavators to crushing equipment has enabled
subject to stay in
its business for
more than four
decades.
Its knowledge is based on
experiences with know how and
advance technology given
to subject from valued world class manufacturers. With this
it has created
a new Quarry
Machinery Service Concept at all time.
FINANCIAL INFORMATION
The capital was
registered at Bht. 3,000,000
divided into 30,000
shares of Bht. 100 each.
The capital was
increased later as
followings :
Bht. 10,000,000
on March 16,
1973
Bht. 20,000,000
on October 17, 1979
Bht. 60,000,000
on October 17,
2005
Bht. 80,000,000
on February 15,
2006
The latest registered
capital was increased
to Bht. 80,000,000
divided into 800,000
shares of Bht. 100
each with fully
paid.
THE SHAREHOLDERS LISTED
WERE [as at
April 30, 2012]
|
NAME |
HOLDING |
% |
|
|
|
|
|
Uawithya Enterprises
Co., Ltd. Nationality: Thai Address : 383/74
Chakrapadipong Rd.,
Pomprab, Bangkok |
799,994 |
99.99 |
|
Ms. Kejkanok Uawithya Nationality: Thai Address : 355 Pattanakarn
Rd., Suanluang,
Bangkok 10250 |
1 |
|
|
Mr. Sompiti Uawithya Nationality: Thai Address : 355 Pattanakarn
Rd., Suanluang, Bangkok
10250 |
1 |
|
|
Mr. Supachai Uawithya Nationality: Thai Address : 439/1
Mitraphap
Rd., Pakpreaw, Muang, Saraburi |
1 |
= 0.01 |
|
Mr. Navapol Uawithya Nationality: Thai Address : 1182/11
New Petchburi Rd.,
Makkasan, Prakanong, Bangkok
10110 |
1 |
|
|
Ms. Keerata Karnchanasathit Nationality: Thai Address : 355 Pattanakarn
Rd., Suanluang,
Bangkok 10250 |
1 |
|
|
Ms. Som Karnchanasathit Nationality: Thai Address : 355 Pattanakarn
Rd., Suanluang,
Bangkok 10250 |
1 |
|
Total Shareholders: 7
Share Structure [as
at April 30,
2012]
|
Nationality |
Shareholders |
No. of Share |
% Shares |
|
|
|
|
|
|
Thai |
7 |
800,000 |
100.00 |
|
Foreign |
- |
- |
- |
|
Total |
7 |
800,000 |
100.00 |
NAME OF AUDITOR
& CERTIFIED PUBLIC
ACCOUNTANT NO0.:
Ms. Thipawal
Nananuwat
No. 3459
BALANCE SHEET [BAHT]
The
latest financial figures
published for December
31, 2011 &
2010 were:
ASSETS
|
Current Assets |
2011 |
2010 |
|
|
|
|
|
Cash and Cash Equivalents |
64,267,816 |
5,644,824 |
|
Trade Accounts & Other Receivable |
124,346,525 |
83,196,121 |
|
Inventories |
360,948,924 |
317,810,408 |
|
Prepayment for Goods |
7,958,337 |
32,960,863 |
|
Other Current Assets
|
7,239,471 |
12,212,125 |
|
|
|
|
|
Total Current Assets |
564,761,073 |
451,824,341 |
|
Cash at Bank
pledged as a
Collateral |
10,044,198 |
316,153 |
|
Investment in Subsidiaries |
99,400 |
598,800 |
|
Fixed Assets |
206,726,343 |
200,842,653 |
|
Intangible Assets |
4,060,853 |
5,351,892 |
|
Other Assets |
1,997,413 |
5,481,595 |
|
Total Assets |
787,689,280 |
664,415,434 |
LIABILITIES &
SHAREHOLDERS' EQUITY [BAHT]
|
Current
Liabilities |
2011 |
2010 |
|
|
|
|
|
Bank Overdraft &
Short-term Loan from Bank |
199,342,765 |
155,816,881 |
|
Trade Accounts & Other Payable |
151,329,520 |
87,651,209 |
|
Current Portion of
Long-term Loan |
17,797,910 |
19,459,589 |
|
Current Portion of Financial
Lease Contract Liabilities |
4,484,680 |
4,702,333 |
|
Accrued Income Tax |
4,546,215 |
1,235,181 |
|
Pre-received Income |
28,185,739 |
31,223,210 |
|
Other Current Liabilities |
9,687,276 |
4,310,781 |
|
|
|
|
|
Total Current Liabilities |
415,374,105 |
304,399,184 |
|
Long-term Trust Receipt Payable |
170,152,177 |
152,079,950 |
|
Long-term Loan, Net
of Current Portion |
64,796,245 |
81,226,347 |
|
Financial Lease Contract Liabilities, Net of Current Portion
|
3,282,937 |
2,741,364 |
|
Reserve for Employee
Benefits |
2,211,963 |
- |
|
Total Liabilities |
655,817,427 |
540,446,845 |
|
|
|
|
|
Shareholders' Equity |
|
|
|
|
|
|
|
Share capital : Baht 100
value authorized, issued
and fully paid share
capital 800,000 shares
|
80,000,000 |
80,000,000 |
|
|
|
|
|
Capital Paid |
80,000,000 |
80,000,000 |
|
Retained Earning Appropriated for
Statutory Reserve |
2,000,000 |
2,000,000 |
|
Retained Earning - Unappropriated
|
49,871,853 |
41,968,589 |
|
Total Shareholders' Equity |
131,871,853 |
123,968,589 |
|
Total Liabilities &
Shareholders' Equity |
787,689,280 |
664,415,434 |
PROFIT &
LOSS ACCOUNT
|
Revenue |
2011 |
2010 |
|
|
|
|
|
Sales & Services |
1,092,294,758 |
706,628,295 |
|
Other Income |
18,789,201 |
5,950,071 |
|
Total Revenues |
1,111,083,959 |
712,578,366 |
|
Expenses |
|
|
|
|
|
|
|
Cost of Goods
Sold & Services |
889,444,264 |
583,593,911 |
|
Selling Expenses |
53,781,711 |
43,266,702 |
|
Administrative Expenses |
128,042,410 |
75,249,340 |
|
Loss on Exchange Rate |
17,088,189 |
- |
|
Total Expenses |
1,088,356,574 |
702,249,340 |
|
|
|
|
|
Profit before Financial
Cost & Income Tax |
22,727,385 |
10,468,413 |
|
Financial Cost |
[8,620,650] |
[6,186,337] |
|
Profit before Income Tax |
14,106,735 |
4,282,076 |
|
Income Tax |
[6,203,471] |
[2,525,532] |
|
Net Profit / [Loss] |
7,903,264 |
1,756,544 |
FINANCIAL ANALYSIS
|
ITEM |
UNIT |
2011 |
2010 |
|
|
|
|
|
|
LIQUIDITY RATIO |
|
|
|
|
CURRENT RATIO |
TIMES |
1.36 |
1.48 |
|
QUICK RATIO |
TIMES |
0.45 |
0.29 |
|
|
|
|
|
|
ACTIVITY RATIO |
|
|
|
|
FIXED ASSETS TURNOVER |
TIMES |
5.28 |
3.52 |
|
TOTAL ASSETS TURNOVER |
TIMES |
1.39 |
1.06 |
|
INVENTORY CONVERSION PERIOD |
DAYS |
148.12 |
198.77 |
|
INVENTORY TURNOVER |
TIMES |
2.46 |
1.84 |
|
RECEIVABLES CONVERSION PERIOD |
DAYS |
41.55 |
42.97 |
|
RECEIVABLES TURNOVER |
TIMES |
8.78 |
8.49 |
|
PAYABLES CONVERSION PERIOD |
DAYS |
62.10 |
54.82 |
|
CASH CONVERSION CYCLE |
DAYS |
127.57 |
186.92 |
|
|
|
|
|
|
PROFITABILITY
RATIO |
|
|
|
|
COST OF GOODS SOLD |
% |
81.43 |
82.59 |
|
SELLING & ADMINISTRATION |
% |
16.65 |
16.77 |
|
INTEREST |
% |
0.79 |
0.88 |
|
GROSS PROFIT MARGIN |
% |
20.29 |
18.25 |
|
NET PROFIT MARGIN BEFORE EX. ITEM |
% |
2.08 |
1.46 |
|
NET PROFIT MARGIN |
% |
0.72 |
0.25 |
|
RETURN ON EQUITY |
% |
5.99 |
1.42 |
|
RETURN ON ASSET |
% |
1.00 |
0.26 |
|
EARNING PER SHARE |
BAHT |
9.88 |
2.20 |
|
|
|
|
|
|
LEVERAGE RATIO |
|
|
|
|
DEBT RATIO |
TIMES |
0.83 |
0.81 |
|
DEBT TO EQUITY RATIO |
TIMES |
4.97 |
4.36 |
|
TIME INTEREST EARNED |
TIMES |
2.64 |
1.67 |
|
|
|
|
|
|
ANNUAL GROWTH |
|
|
|
|
SALES GROWTH |
% |
54.58 |
|
|
OPERATING PROFIT |
% |
120.03 |
|
|
NET PROFIT |
% |
349.93 |
|
|
FIXED ASSETS |
% |
2.93 |
|
|
TOTAL ASSETS |
% |
18.55 |
|
PROFITABILITY
RATIO
|
Gross Profit Margin |
20.29 |
Satisfactory |
Industrial Average |
20.54 |
|
Net Profit Margin |
0.72 |
Deteriorated |
Industrial Average |
2.11 |
|
Return on Assets |
1.00 |
Acceptable |
Industrial Average |
1.48 |
|
Return on Equity |
5.99 |
Impressive |
Industrial Average |
0.53 |
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 20.29%. 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 0.72%. 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%.
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 5.99%, 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 |
1.36 |
Impressive |
Industrial Average |
1.18 |
|
Quick Ratio |
0.45 |
|
|
|
|
Cash Conversion Cycle |
127.57 |
|
|
|
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 1.36 times in 2011, decrease from 1.48 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 higher, indicated that company
was an efficient operator in a dominant position within its industry.
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 0.45 times in 2011,
increase from 0.29 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 128 days.
Trend of the
average competitors in the same industry for last 5 years
Current Ratio Uptrend
LEVERAGE RATIO
|
Debt Ratio |
0.83 |
Acceptable |
Industrial Average |
0.62 |
|
Debt to Equity Ratio |
4.97 |
Risky |
Industrial Average |
1.57 |
|
Times Interest Earned |
2.64 |
Impressive |
Industrial Average |
2.36 |
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 2.64 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 0.83 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 |
5.28 |
Impressive |
Industrial Average |
2.02 |
|
Total Assets Turnover |
1.39 |
Impressive |
Industrial Average |
0.83 |
|
Inventory Conversion Period |
148.12 |
|
|
|
|
Inventory Turnover |
2.46 |
Impressive |
Industrial Average |
1.79 |
|
Receivables Conversion Period |
41.55 |
|
|
|
|
Receivables Turnover |
8.78 |
Impressive |
Industrial Average |
4.17 |
|
Payables Conversion Period |
62.10 |
|
|
|
Trend of the
average competitors in the same industry for last 5 years
Fixed Assets Turnover Downtrend
Total Assets Turnover Downtrend
Inventory Turnover Downtrend
Receivables Turnover Uptrend
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.52.33 |
|
|
1 |
Rs.84.30 |
|
Euro |
1 |
Rs.67.44 |
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.