MIRA
INFORM REPORT
|
Report Date : |
14.09.2012 |
IDENTIFICATION DETAILS
|
Name : |
BAO QUANG PRODUCING AND TRADING CO., LTD |
|
|
|
|
Registered Office : |
Lot 2, BT1, Me Tri Ha New Urban Zone Me Tri Commune, Tu
Liem District, Ha Noi City |
|
|
|
|
Country : |
Viet Nam |
|
|
|
|
Financials (as on) : |
31.12.2010 |
|
|
|
|
Date of Incorporation : |
1997 |
|
|
|
|
Com. Reg. No.: |
044444 |
|
|
|
|
Legal Form : |
Limited liability company |
|
|
|
|
Line of Business : |
Trading in foodstuff such as:
cake, candy, canned food... |
|
|
|
|
No. of Employees : |
25 |
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 – March 31st, 2012
|
Country Name |
Previous Rating (31.12.2011) |
Current Rating (31.03.2012) |
|
Viet Nam |
B1 |
B1 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
|
Moderate |
B1 |
|
High |
B2 |
|
Very High |
C1 |
|
Restricted |
C2 |
|
Off-credit |
D |
VIET NAM - ECONOMIC OVERVIEW
Vietnam is a densely-populated developing country that in the last 30
years has had to recover from the ravages of war, the loss of financial support
from the old Soviet Bloc, and the rigidities of a centrally-planned economy.
While Vietnam's economy remains dominated by state-owned enterprises, which
still produce about 40% of GDP, Vietnamese authorities have reaffirmed their
commitment to economic liberalization and international integration. They have
moved to implement the structural reforms needed to modernize the economy and
to produce more competitive export-driven industries. Vietnam joined the World
Trade Organization in January 2007 following more than a decade-long
negotiation process. Vietnam became an official negotiating partner in the
developing Trans-Pacific Partnership trade agreement in 2010. Agriculture's
share of economic output has continued to shrink from about 25% in 2000 to
about 22% in 2011, while industry's share increased from 36% to 40% in the same
period. Deep poverty has declined significantly, and Vietnam is working to
create jobs to meet the challenge of a labor force that is growing by more than
one million people every year. The global recession has hurt Vietnam's
export-oriented economy, with GDP in 2009-11 growing less than the 7% per annum
average achieved during the last decade. In 2011, exports increased by more
than 33%, year-on-year, and the trade deficit, while reduced from 2010,
remained high, prompting the government to maintain administrative trade
measures to limit the trade deficit. Vietnam's managed currency, the dong,
continues to face downward pressure due to a persistent trade imbalance. Since
2008, the government devalued it in excess of 20% through a series of small
devaluations. Foreign donors pledged nearly $8 billion in new development
assistance for 2011. However, the government's strong growth-oriented economic
policies have caused it to struggle to control one of the region's highest
inflation rates, which reached as high as 23% in August 2011 and averaged 18%
for the year. In February 2011, Vietnam shifted its focus away from economic
growth to stabilizing its economy and tightened fiscal and monetary policies.
In early 2012 Vietnam unveiled a broad "three pillar" economic reform
program, proposing the restructuring of public investment, state-owned
enterprises and the banking sector. Vietnam's economy continues to face
challenges from low foreign exchange reserves, an undercapitalized banking
sector, and high borrowing costs. The near-bankruptcy and subsequent default of
the state-owned-enterprise Vinashin, a leading shipbuilder, led to a ratings
downgrade of Vietnam's sovereign debt, exacerbating Vietnam's borrowing
difficulties.
Source : CIA
SUBJECT IDENTIFICATION &
LEGAL FORM
|
||
|
|
||
Current
legal status
|
||
|
English Name |
|
BAO QUANG PRODUCING AND
TRADING CO., LTD |
|
Vietnamese Name |
|
CONG TY TNHH SAN XUAT VA
THUONG MAI BAO QUANG |
|
Type of Business |
|
Limited liability company |
|
Year Established |
|
1997 |
|
Establishment Decision |
|
2921 GP/TLDN |
|
Date of Issuance |
|
21 Jan 1997 |
|
Place of Issuance |
|
People's Committee of Ha Noi
City |
|
Business Registration No. |
|
044444 |
|
Date of Registration |
|
28 Jan 1997 |
|
Place of Registration |
|
Planning and Investment
Department of Hanoi city |
|
Chartered capital |
|
VND 6,000,000,000 |
|
Status |
|
Unlisted |
|
Tax code |
|
0100284482 |
|
Total Employees |
|
25 |
|
Size |
|
Small |
Historical Identification &
Legal form
|
List |
Changed Items |
Date of changes |
|
1 |
Subject has got former
Address: Room 503 - Building No. 4 Lang Ha Street - Dong Da District - Ha Noi
City - Vietnam Changed to: Floor 1st - Cuc
Nguoi Co Cong Building - No.139 Nguyen Thai Hoc Street - Ba Dinh District -
Ha Noi City - Vietnam |
01 Sep 2008 |
|
2 |
Subject has got former
Chartered capital: 1,400,000,000 VND Changed to: 6,000,000,000 VND |
N/A |
|
|
||
ADDRESSES
|
||
|
|
||
|
Registration
Address |
||
|
Address |
|
Lot 2, BT1, Me Tri Ha New
Urban Zone Me Tri Commune, Tu Liem District, Ha Noi City, Vietnam |
|
|
||
|
Transaction
office in Ha Noi |
||
|
Address |
|
1st Floor - Cuc Nguoi Co Cong
Building No. 139 Nguyen Thai Hoc Street, Ba Dinh District, Ha Noi City,
Vietnam |
|
Telephone |
|
(84-4) 37347643/ 37723626/
37723624 |
|
Fax |
|
(84-4) 37723627 |
|
Email |
|
|
|
|
||
|
Representative
office in Ho Chi Minh |
||
|
Address |
|
No. 347 Dinh Bo Linh Str.,
Binh Thanh District, Ho Chi Minh City, Vietnam |
|
Telephone |
|
(84-8) 35117304 |
|
Fax |
|
(84-8) 35117304 |
|
|
||
DIRECTORS
|
||
|
|
||
|
1. NAME |
|
Ms. LE THI THU NGUYET |
|
Position |
|
Director |
|
Date of Birth |
|
10 Nov 1961 |
|
ID Number/Passport |
|
010267833
|
|
Resident |
|
No.32 Ly
Nam De Str., Cua Dong Ward, Hoan Kiem District, Ha Noi City, Vietnam |
|
Current resident |
|
89C Alley Ly Nam De Str, Cua
Dong Ward, Hoan Kiem District, Ha Noi City, Vietnam |
|
|
||
BUSINESS NATURE AND ACTIVITIES
|
|
|
|
The subject specializes in trading in foodstuff such as: cake, candy,
canned food... |
|
|
|
IMPORT & EXPORT ACTIVITIES |
||
|
|
||
|
IMPORT:
|
||
|
·
Types of products |
|
Foodstuff |
|
·
Market |
|
USD, Thailand, Asia and Euro Countries |
|
·
Ratio |
|
100% |
|
·
Mode of payment |
|
L/C, T/T |
|
|
||
|
EXPORT:
|
||
|
Note: Currently, the subject does not
export |
||
|
|
||
BANKERS
|
||
|
|
||
|
1. JOINT STOCK COMMERCIAL BANK FOR FOREIGN TRADE OF VIETNAM
THANH CONG BRANCH |
||
|
Address |
|
No.3 Plot,O 4.1 CC Hoang Dao Thuy Str,Nhan Chinh Ward,
Thanh Xuan District, Ha Noi City, Vietnam |
|
Telephone |
|
(84-4) 62578686 / 043 7761762/ 043 7761763 |
|
Fax |
|
(84-4) 37761747 |
|
VND Account |
|
0021000621745 |
|
|
||
|
2. VIETNAM INTERNATIONAL COMMERCIAL JOINT STOCK BANK |
||
|
Address |
|
No 299 Cau Giay, Cau Giay District, Ha Noi City, Vietnam |
|
Telephone |
|
(84-4) 220 1606 |
|
Fax |
|
(84-4) 220 1607 |
|
|
||
|
3. HOCHIMINH HOUSING DEVELOPMENT JOINT STOCK BANK HOAN KIEM
BRANCH |
||
|
Address |
|
No.98B Tran Hung Dao Str, Hoan Kiem District, Ha Noi City,
Vietnam |
|
Telephone |
|
(84-4) 39410 177 - 39410 175 |
|
Fax |
|
(84-4) 39410 174 |
|
|
||
|
4. SOUTHERN COMMERCIAL JOINT STOCK BANK CAU GIAY BRANCH |
||
|
Address |
|
No.260 Cau Giay Str, Quan Hoa ward, Cau Giay District, Ha
Noi City, Vietnam |
|
Telephone |
|
(84-4) 37670148 |
|
Fax |
|
(84-4) 37670150 |
|
|
||
SHAREHOLDERS
|
||
|
|
||
|
1. NAME |
|
Ms. LE THI THU NGUYET |
|
Position |
|
Director |
|
Date of Birth |
|
10 Nov 1961 |
|
ID Number/Passport |
|
010267833 |
|
Resident |
|
No.32 Ly Nam De Str, Cua Dong
Ward, Hoan Kiem District, Ha Noi City, Vietnam |
|
Current Resident |
|
89C Alley Ly Nam De Str, Cua
Dong Ward, Hoan Kiem District, Ha Noi City, Vietnam |
|
Value of shares |
|
VND 672,000,000 |
|
Percentage |
|
48% |
|
|
||
|
2. NAME |
|
Ms. VU KIM THANH |
|
Nationality |
|
Vietnamese |
|
Value of shares |
|
VND 182,000,000 |
|
Percentage |
|
13% |
|
|
||
|
3. NAME |
|
Ms. TRAN THI TUAN ANH |
|
Resident |
|
Room 55 Building No.7, TT Nam
Dong, Dong Da District, Ha Noi City, Vietnam |
|
Value of shares |
|
VND 546,000,000 |
|
Percentage |
|
39% |
|
|
||
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 |
29,508,030,261
|
14,654,000,000
|
11,674,000,000
|
|
I. Cash
and cash equivalents |
417,120,839
|
405,000,000
|
240,000,000
|
|
1. Cash |
417,120,839 |
405,000,000 |
240,000,000 |
|
2. Cash equivalents |
0 |
0 |
0 |
|
II.
Short-term investments |
0 |
0 |
0 |
|
1. Short-term investments |
0 |
0 |
0 |
|
2. Provisions for devaluation of short-term investments |
0 |
0 |
0 |
|
III.
Accounts receivable |
8,194,664,037
|
6,890,000,000
|
2,164,000,000
|
|
1. Receivable from customers |
2,436,032,466 |
4,887,000,000 |
2,164,000,000 |
|
2. Prepayments to suppliers |
5,758,631,571 |
0 |
0 |
|
3. Inter-company receivable |
0 |
0 |
0 |
|
4. Receivable according to the progress of construction |
0 |
0 |
0 |
|
5. Other receivable |
0 |
2,003,000,000 |
0 |
|
6. Provisions for bad debts |
0 |
0 |
0 |
|
IV.
Inventories |
20,669,325,941
|
7,359,000,000
|
6,923,000,000
|
|
1. Inventories |
20,669,325,941 |
7,359,000,000 |
6,923,000,000 |
|
2. Provisions for devaluation of inventories |
0 |
0 |
0 |
|
V.
Other Current Assets |
226,919,444
|
0 |
2,347,000,000
|
|
1. Short-term prepaid expenses |
0 |
0 |
2,347,000,000 |
|
2. VAT to be deducted |
0 |
0 |
0 |
|
3. Taxes and other accounts receivable from the State |
226,919,444 |
0 |
0 |
|
4. Other current assets |
0 |
0 |
0 |
|
B.
LONG-TERM ASSETS |
1,090,186,161
|
1,053,000,000
|
1,730,000,000
|
|
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 |
1,084,022,003
|
1,053,000,000
|
1,636,000,000
|
|
1. Tangible assets |
1,084,022,003 |
1,053,000,000 |
1,636,000,000 |
|
- Historical costs |
1,522,026,559 |
1,813,000,000 |
1,636,000,000 |
|
- Accumulated depreciation |
-438,004,556 |
-760,000,000 |
0 |
|
2. Financial leasehold assets |
0 |
0 |
0 |
|
- Historical costs |
0 |
0 |
0 |
|
- Accumulated depreciation |
0 |
0 |
0 |
|
3. Intangible assets |
0 |
0 |
0 |
|
- Initial costs |
0 |
0 |
0 |
|
- Accumulated amortization |
0 |
0 |
0 |
|
4. Construction-in-progress |
0 |
0 |
0 |
|
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 |
6,164,158
|
0 |
94,000,000
|
|
1. Long-term prepaid expenses |
0 |
0 |
94,000,000 |
|
2. Deferred income tax assets |
0 |
0 |
0 |
|
3. Other long-term assets |
6,164,158 |
0 |
0 |
|
VI.
Goodwill |
0 |
0 |
0 |
|
1. Goodwill |
0 |
0 |
0 |
|
TOTAL
ASSETS |
30,598,216,422
|
15,707,000,000
|
13,404,000,000
|
|
|
|||
LIABILITIES
|
|||
|
A-
LIABILITIES |
28,234,326,767
|
9,318,000,000
|
7,510,000,000
|
|
I.
Current liabilities |
28,147,461,767
|
8,981,000,000
|
7,507,000,000
|
|
1. Short-term debts and loans |
21,491,049,066 |
8,981,000,000 |
6,945,000,000 |
|
2. Payable to suppliers |
1,989,657,443 |
0 |
448,000,000 |
|
3. Advances from customers |
3,862,801,976 |
0 |
0 |
|
4. Taxes and other obligations to the State Budget |
803,953,282 |
0 |
110,000,000 |
|
5. Payable to employees |
0 |
0 |
0 |
|
6. Accrued expenses |
0 |
0 |
0 |
|
7. Inter-company payable |
0 |
0 |
0 |
|
8. Payable according to the progress of construction
contracts |
0 |
0 |
0 |
|
9. Other payable |
0 |
0 |
4,000,000 |
|
10. Provisions for short-term accounts payable |
0 |
0 |
0 |
|
II.
Long-Term Liabilities |
86,865,000
|
337,000,000
|
3,000,000
|
|
1. Long-term accounts payable to suppliers |
0 |
0 |
0 |
|
2. Long-term inter-company payable |
0 |
0 |
0 |
|
3. Other long-term payable |
86,865,000 |
0 |
3,000,000 |
|
4. Long-term debts and loans |
0 |
337,000,000 |
0 |
|
5. Deferred income tax payable |
0 |
0 |
0 |
|
6. Provisions for unemployment allowances |
0 |
0 |
0 |
|
7. Provisions for long-term accounts payable |
0 |
0 |
0 |
|
B-
OWNER’S EQUITY |
2,363,889,655
|
6,389,000,000
|
5,894,000,000
|
|
I.
OWNER’S EQUITY |
2,363,889,655
|
6,389,000,000
|
5,894,000,000
|
|
1. Capital |
6,034,322,029 |
2,500,000,000 |
2,291,000,000 |
|
2. Share premiums |
0 |
0 |
0 |
|
3. Other sources of capital |
0 |
0 |
0 |
|
4. Treasury stocks |
0 |
0 |
0 |
|
5. Differences on asset revaluation |
0 |
0 |
0 |
|
6. Foreign exchange differences |
0 |
0 |
0 |
|
7. Business promotion fund |
0 |
0 |
0 |
|
8. Financial reserved fund |
0 |
0 |
0 |
|
9. Other funds |
0 |
0 |
0 |
|
10. Retained earnings |
-3,670,432,374 |
3,889,000,000 |
3,603,000,000 |
|
11. Construction investment fund |
0 |
0 |
0 |
|
II.
Other sources and funds |
0 |
0 |
0 |
|
1. Bonus and welfare funds (Elder form) |
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 |
30,598,216,422
|
15,707,000,000
|
13,404,000,000
|
|
|
|||
|
PROFIT & LOSS STATEMENT |
|||
|
|
|||
|
Description |
FY2010 |
FY2009 |
FY2008 |
|
1. Total Sales |
79,152,577,381
|
49,487,000,000
|
39,106,000,000
|
|
2. Deduction item |
219,148,822 |
684,000,000 |
685,000,000 |
|
3. Net revenue |
78,933,428,559
|
48,803,000,000
|
38,421,000,000
|
|
4. Costs of goods sold |
72,781,368,229 |
38,331,000,000 |
29,291,000,000 |
|
5. Gross profit |
6,152,060,330
|
10,472,000,000
|
9,130,000,000
|
|
6. Financial income |
8,231,511 |
0 |
0 |
|
7. Financial expenses |
1,185,200,003 |
1,440,000,000 |
1,212,000,000 |
|
- In which: Loan interest expenses |
0 |
1,440,000,000 |
0 |
|
8. Selling expenses |
0 |
1,871,000,000 |
1,708,000,000 |
|
9. Administrative overheads |
4,927,092,267 |
1,759,000,000 |
1,674,000,000 |
|
10. Net operating profit |
47,999,571
|
5,402,000,000
|
4,536,000,000
|
|
11. Other income |
45,457,999 |
0 |
268,000,000 |
|
12. Other expenses |
126,840,948 |
0 |
0 |
|
13. Other profit /(loss) |
-81,382,949
|
0 |
268,000,000
|
|
14. Total accounting profit before tax |
-33,383,378
|
5,402,000,000
|
4,804,000,000
|
|
15. Current corporate income tax |
0 |
1,513,000,000 |
1,201,000,000 |
|
16. Deferred corporate income tax |
0 |
0 |
0 |
|
17. Interest from subsidiaries/related companies |
|
|
|
|
18. Profit after tax |
-33,383,378
|
3,889,000,000
|
3,603,000,000
|
|
|
||||
|
FINANCIAL
RATIOS AND AVERAGE INDUSTRY RATIOS |
||||
|
|
||||
|
Description |
FY2010
|
FY2009
|
FY2008
|
Average
Industry |
|
Current liquidity ratio |
1.05 |
1.63 |
1.56 |
1.29 |
|
Quick liquidity ratio |
0.31 |
0.81 |
0.63 |
0.90 |
|
Inventory circle |
3.52 |
5.37 |
3.16 |
16.60 |
|
Average receive period |
37.89 |
51.53 |
20.56 |
61.82 |
|
Utilizing asset performance |
2.58 |
3.11 |
2.87 |
2.31 |
|
Liability by total assets |
92.27 |
59.32 |
56.03 |
66.08 |
|
Liability by owner's equity |
1,194.40 |
145.84 |
127.42 |
252.07 |
|
Ebit / Total assets (ROA) |
-0.11 |
43.56 |
35.84 |
6.85 |
|
Ebit / Owner's equity (ROE) |
-1.41 |
107.09 |
81.51 |
25.35 |
|
Ebit / Total revenue (NPM) |
-0.04 |
13.83 |
12.28 |
4.35 |
|
Gross profit / Total revenue (GPM) |
7.77 |
21.16 |
23.35 |
8.03 |
|
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 |
|
Below Average |
|
Development trend |
|
Developing |
|
Litigation data |
|
No Record |
|
Bankruptcy |
|
No Record |
|
Payment Methods |
|
L/C, T/T |
|
Sale Methods |
|
Wholesaler |
|
Public opinion |
|
N/A |
INTERPRETATION ON THE SCORES
|
|
|
|
The company was founded by three
individuals in 1997 under the decided No. 2921GP/TLDN, issued on 21st
January 1997 by People’s Committee of Hanoi City. Currently, the subject is
operating following business registration No. 044444 together tax code No.
0100284482. The current chartered capital is VND 6 billion. Subject is the
small scale company. Its premises and facilities are normal. The subject has registered address at
Lot 2, BT1, Me Tri Ha New Urban Zone, Me Tri Ward, Tu Liem District, Ha Noi
City. However, all transactions are carried out at No. 139, Nguyen Thai Hoc
Street, Ba Dinh District, Ha Noi City. Its products are imported from USA,
Thailand, Asian and EU countries. Then the products are distributed in
domestic market. Financially, in 2010 the business
result of the subject was not good. Although total revenue increased well but
the costs of goods sold raised too by 15%. Additionally, in 2010
administrative overheads were put up very much which were higher 2.8 times
than 2009. So the profit was very low.
Remarkably, in 2010 although there are
capital increase, but debts and loans increased very much which accounted for
52% in 2008, 57% in 2009 and 70% in 2010. That’s why the solvency of the
subject was reduced strongly. In general, the subject is a
small company and its position is average in the industry. The financial
situation is below average. It has capacity to meet small transactions.
Caution needed for medium and big ones. |
|
|
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.55.44 |
|
|
1 |
Rs.89.30 |
|
Euro |
1 |
Rs.71.61 |
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.