|
Report Date : |
13.04.2013 |
IDENTIFICATION DETAILS
|
Name : |
TAN DONG DUONG MANUFACTURING & TRADING CO.,LTD |
|
|
|
|
Registered Office : |
Road 3 An Binh Ward, Bien Hoa City, Dong Nai Province |
|
|
|
|
Country : |
Vietnam |
|
|
|
|
Financials (as on) : |
31.12.2011 |
|
|
|
|
Year of Incorporation : |
2005 |
|
|
|
|
Com. Reg. No.: |
3600767606 |
|
|
|
|
Legal Form : |
Limited Liability Company |
|
|
|
|
Line of Business : |
The subject specializes in manufacturing and trading printing ink and wood paint. |
|
|
|
|
No. of Employees : |
120 |
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 (31.03.2011) |
Current Rating (30.06.2012) |
|
Vietnam |
B1 |
B1 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
|
Moderate |
B1 |
|
High |
B2 |
|
Very High |
C1 |
|
Restricted |
C2 |
|
Off-credit |
D |
VIETNAM - 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 |
|
TAN DONG DUONG MANUFACTURING & TRADING
CO.,LTD |
|
Vietnamese Name |
|
CONG TY TNHH SAN XUAT THUONG MAI TAN DONG
DUONG |
|
Short name |
|
CONG TY TAN DONG DUONG |
|
Type of Business |
|
Limited liability company |
|
Year Established |
|
2005 |
|
Business Registration No. |
|
3600767606 |
|
Date of Registration |
|
25 Oct 2010 |
|
Place of Registration |
|
Dong Nai Department of Planning and
Investment |
|
Chartered capital |
|
VND 30,000,000,000 |
|
Status |
|
Unlisted |
|
Tax code |
|
3600767606 |
|
Total Employees |
|
120 |
Historical Identification & Legal form
|
List |
Changed Items |
Date of changes |
|
1 |
Subject has got former Chartered capital:
VND 10 billion Changed to: VND 30 billion |
25
Oct 2010 |
|
2 |
Subject has got former Business
Registration No: 4702001920 (dated on 21 November 2005) Changed to: 3600767606
|
25
Oct 2010 |
|
|
||
ADDRESSES
|
||
|
|
||
|
Head Office |
||
|
Address |
|
Road 3 An Binh Ward, Bien Hoa City, Dong
Nai Province, Vietnam |
|
Telephone |
|
(84-61) 3933 204 ~ 208 |
|
Fax |
|
(84-61) 3933209 |
|
Email |
|
|
|
Website |
|
|
|
Occupied Area |
|
13,000 square meters |
|
Land-use Right |
|
Leased |
|
Note: - The correct address
is as above. -
The given email address belong to Ms. Nguyen Thi Phuong Lan - Import
Export Department |
||
|
|
||
|
Branch in Can
Tho |
||
|
Address |
|
No. 333, Nguyen Van Linh Avenue, An Khanh
Ward, Ninh Kieu District, Can Tho City, Vietnam |
|
|
||
|
Branch in Da
Nang |
||
|
Address |
|
Lot H1, Road No.3 Hoa Khanh Industrial
Zone, Lien Chieu District, Da Nang City, Vietnam |
|
|
||
|
Branch in Ha Noi
|
||
|
Address |
|
No. 57 Truong Lam Street, Duc Giang Ward,
Long Bien District, Ha Noi City, Vietnam |
|
|
||
DIRECTORS
|
||
|
|
||
|
1.
NAME |
|
Mr.
HUYNH TRUNG LAP |
|
Position |
|
Director |
|
Date of Birth |
|
20 Feb 1973 |
|
ID Number/Passport |
|
024176678 |
|
ID Issue Date |
|
12 Aug 2003 |
|
ID Issue Place |
|
Ho Chi Minh Department
of Police |
|
Resident |
|
No. 72/7 Phan Dang
Luu Street, Ward 5, Phu Nhuan District, Ho Chi Minh City, Vietnam |
|
Nationality |
|
Vietnamese |
|
|
||
|
2.
NAME |
|
Mr.
TRAN VAN DANH |
|
Position |
|
Deputy Director |
|
ID Number/Passport |
|
270867373 |
|
Resident |
|
No. 41/65, Quang Bien
Hamlet, Quang Tien Commune, Trang Bom District, Dong Nai Province, Vietnam |
|
Nationality |
|
Vietnamese |
|
|
||
BUSINESS NATURE AND ACTIVITIES
|
|
|
|
The subject
specializes in manufacturing and trading printing ink and wood paint. |
|
|
|
IMPORT & EXPORT ACTIVITIES |
||
|
|
||
|
IMPORT: |
||
|
·
Types of products |
|
Materials |
|
·
Market |
|
Korea, China, Singapore, USA, Japan, Malaysia... |
|
|
||
|
EXPORT: |
||
|
·
Types of products |
|
Printing ink |
|
·
Market |
|
Cambodia |
|
|
||
BANKERS
|
||
|
|
||
|
1.
JOINT STOCK COMMERCIAL BANK FOR FOREIGN TRADE OF VIETNAM BIEN HOA BRANCH |
||
|
Address |
|
No 22 No 3A ,Bien Hoa II industrial park, Bien Hoa City, Dong Nai
Province, Vietnam |
|
Telephone |
|
(84-61) 3991949 |
|
Fax |
|
(84-61) 3991947 |
|
|
||
SHAREHOLDERS
|
||
|
|
||
|
1.
NAME |
|
Mr.
HUYNH TRUNG LAP |
|
Position |
|
Director |
|
Date of Birth |
|
20 Feb 1973 |
|
ID Number/Passport |
|
024176678 |
|
Issued on |
|
12 Aug 2003 |
|
Issued Place |
|
Ho Chi Minh Department of Police |
|
Resident |
|
No. 72/7 Phan Dang Luu Street, Ward 5, Phu
Nhuan District, Ho Chi Minh City, Vietnam |
|
Nationality |
|
Vietnamese |
|
Value of shares |
|
VND 15,300,000,000 |
|
Percentage |
|
51% |
|
|
||
|
2.
NAME |
|
Mr.
TRAN VAN DANH |
|
Position |
|
Deputy Director |
|
ID Number/Passport |
|
270867373 |
|
Resident |
|
No. 41/65, Quang Bien Hamlet, Quang Tien
Commune, Trang Bom District, Dong Nai Province, Vietnam |
|
Nationality |
|
Vietnamese |
|
Value of shares |
|
VND 14,700,000,000 |
|
Percentage |
|
49% |
|
|
||
FINANCIAL DATA
|
|||
|
|
|||
|
BALANCE
SHEET |
|||
Unit: One VND
|
|||
|
Balance sheet
date |
31/12/2011 |
31/12/2010 |
31/12/2009 |
|
Number of weeks |
52 |
52 |
52 |
ASSETS
|
|||
|
A – CURRENT
ASSETS |
91,077,958,806 |
58,301,560,289 |
61,531,565,421 |
|
I. Cash and cash
equivalents |
9,401,785,171 |
2,023,717,598 |
1,374,220,340 |
|
1. Cash |
9,401,785,171 |
2,023,717,598 |
1,374,220,340 |
|
2. Cash equivalents |
|
0 |
0 |
|
II. Short-term
investments |
|
0 |
0 |
|
1. Short-term investments |
|
0 |
0 |
|
2. Provisions for devaluation of short-term investments |
|
0 |
0 |
|
III. Accounts
receivable |
38,406,868,645 |
37,146,351,209 |
35,192,697,569 |
|
1. Receivable from customers |
28,110,113,867 |
32,625,750,956 |
31,958,142,428 |
|
2. Prepayments to suppliers |
7,159,740,846 |
474,675,200 |
275,855,944 |
|
3. Inter-company receivable |
3,156,840,240 |
2,808,921,527 |
1,358,328,056 |
|
4. Receivable according to the progress of construction |
|
0 |
0 |
|
5. Other receivable |
362,216,596 |
1,619,046,430 |
1,982,414,045 |
|
6. Provisions for bad debts |
-382,042,904 |
-382,042,904 |
-382,042,904 |
|
IV. Inventories |
42,120,752,078 |
16,687,019,303 |
23,549,003,193 |
|
1. Inventories |
42,120,752,078 |
16,687,019,303 |
23,549,003,193 |
|
2. Provisions for devaluation of inventories |
|
0 |
0 |
|
V. Other Current
Assets |
1,148,552,912 |
2,444,472,179 |
1,415,644,319 |
|
1. Short-term prepaid expenses |
371,838,563 |
216,342,515 |
791,987,166 |
|
2. VAT to be deducted |
204,765,828 |
1,341,214,493 |
0 |
|
3. Taxes and other accounts receivable from the State |
321,888,558 |
391,772,487 |
0 |
|
4. Other current assets |
250,059,963 |
495,142,684 |
623,657,153 |
|
B. LONG-TERM
ASSETS |
62,807,413,882 |
64,014,985,391 |
47,140,441,146 |
|
I. Long term
accounts receivable |
294,151,504 |
547,886,147 |
1,084,893,106 |
|
1. Long term account receivable from customers |
|
0 |
0 |
|
2. Working capital in affiliates |
|
0 |
0 |
|
3. Long-term inter-company receivable |
|
0 |
0 |
|
4. Other long-term receivable |
294,151,504 |
547,886,147 |
1,084,893,106 |
|
5. Provisions for bad debts from customers |
|
0 |
0 |
|
II. Fixed assets
|
59,265,683,261 |
28,992,192,233 |
43,507,203,322 |
|
1. Tangible assets |
22,646,194,989 |
13,234,493,652 |
24,624,925,183 |
|
- Historical costs |
33,354,081,981 |
20,402,557,396 |
33,214,650,662 |
|
- Accumulated depreciation |
-10,707,886,992 |
-7,168,063,744 |
-8,589,725,479 |
|
2. Financial leasehold assets |
9,296,424,688 |
11,316,422,709 |
8,653,284,212 |
|
- Historical costs |
12,265,271,282 |
12,265,271,283 |
11,613,208,200 |
|
- Accumulated depreciation |
-2,968,846,594 |
-948,848,574 |
-2,959,923,988 |
|
3. Intangible assets |
86,031,812 |
66,377,518 |
2,936,624,554 |
|
- Initial costs |
147,395,150 |
103,395,150 |
2,954,865,150 |
|
- Accumulated amortization |
-61,363,338 |
-37,017,632 |
-18,240,596 |
|
4. Construction-in-progress |
27,237,031,772 |
4,374,898,354 |
7,292,369,373 |
|
III. Investment
property |
|
0 |
0 |
|
Historical costs |
|
0 |
0 |
|
Accumulated depreciation |
|
0 |
0 |
|
IV. Long-term
investments |
|
0 |
0 |
|
1. Investments in affiliates |
|
0 |
0 |
|
2. Investments in business concerns and joint ventures |
|
0 |
0 |
|
3. Other long-term investments |
|
0 |
0 |
|
4. Provisions for devaluation of long-term investments |
|
0 |
0 |
|
V. Other long-term
assets |
3,247,579,117 |
34,474,907,011 |
2,548,344,718 |
|
1. Long-term prepaid expenses |
3,247,579,117 |
34,474,907,011 |
2,548,344,718 |
|
2. Deferred income tax assets |
|
0 |
0 |
|
3. Other long-term assets |
|
0 |
0 |
|
VI. Goodwill |
|
0 |
0 |
|
1. Goodwill |
|
0 |
0 |
|
TOTAL ASSETS |
153,885,372,688 |
122,316,545,680 |
108,672,006,567 |
|
|
|||
LIABILITIES
|
|||
|
A- LIABILITIES |
126,697,129,845 |
111,600,817,693 |
83,793,888,879 |
|
I. Current
liabilities |
102,253,458,672 |
82,197,811,233 |
52,169,738,608 |
|
1. Short-term debts and loans |
53,004,866,667 |
42,016,874,966 |
28,032,517,154 |
|
2. Payable to suppliers |
42,512,688,162 |
37,991,281,955 |
21,225,900,205 |
|
3. Advances from customers |
|
767,160,000 |
9,139,000 |
|
4. Taxes and other obligations to the State Budget |
3,175,623,374 |
191,343,076 |
1,414,124,594 |
|
5. Payable to employees |
358,147,551 |
421,750,520 |
379,918,410 |
|
6. Accrued expenses |
532,020,932 |
502,966,250 |
438,864,260 |
|
7. Inter-company payable |
|
0 |
0 |
|
8. Payable according to the progress of construction contracts |
|
0 |
0 |
|
9. Other payable |
2,670,111,986 |
306,434,466 |
669,274,985 |
|
10. Provisions for short-term accounts payable |
|
0 |
0 |
|
11. Bonus and welfare funds |
|
|
|
|
II. Long-Term
Liabilities |
24,443,671,173 |
29,403,006,460 |
31,624,150,271 |
|
1. Long-term accounts payable to suppliers |
|
0 |
0 |
|
2. Long-term inter-company payable |
|
0 |
0 |
|
3. Other long-term payable |
|
0 |
0 |
|
4. Long-term debts and loans |
24,443,671,173 |
29,403,006,460 |
31,624,150,271 |
|
5. Deferred income tax payable |
|
0 |
0 |
|
6. Provisions for unemployment allowances |
|
0 |
0 |
|
7. Provisions for long-term accounts payable |
|
0 |
0 |
|
8. Unearned Revenue |
|
|
|
|
9. Science and technology development fund |
|
|
|
|
B- OWNER’S
EQUITY |
27,188,242,843 |
10,715,727,987 |
24,878,117,688 |
|
I. OWNER’S
EQUITY |
27,188,242,843 |
10,715,727,987 |
24,878,117,688 |
|
1. Capital |
30,000,000,000 |
30,000,000,000 |
14,950,000,000 |
|
2. Share premiums |
|
0 |
0 |
|
3. Other sources of capital |
|
0 |
0 |
|
4. Treasury stocks |
|
0 |
0 |
|
5. Differences on asset revaluation |
|
0 |
2,546,450,000 |
|
6. Foreign exchange differences |
-730,265,613 |
-2,216,648,756 |
0 |
|
7. Business promotion fund |
|
0 |
0 |
|
8. Financial reserved fund |
|
0 |
0 |
|
9. Other funds |
|
0 |
0 |
|
10. Retained earnings |
-2,081,491,544 |
-17,067,623,257 |
7,381,667,688 |
|
11. Construction investment fund |
|
0 |
0 |
|
12. Business arrangement supporting fund |
|
|
|
|
II. Other sources
and funds |
|
0 |
0 |
|
1. Bonus and welfare funds (Elder form) |
|
0 |
0 |
|
2. Sources of expenditure |
|
0 |
0 |
|
3. Fund to form fixed assets |
|
0 |
0 |
|
MINORITY’S
INTEREST |
|
0 |
0 |
|
TOTAL
LIABILITIES AND OWNER’S EQUITY |
153,885,372,688 |
122,316,545,680 |
108,672,006,567 |
|
|
|||
|
PROFIT
& LOSS STATEMENT |
|||
|
|
|||
|
Description |
FY2011 |
FY2010 |
FY2009 |
|
1. Total Sales |
142,288,802,073 |
167,433,671,402 |
112,379,029,044 |
|
2. Deduction item |
1,367,536,548 |
2,386,889,867 |
876,036,317 |
|
3. Net revenue |
140,921,265,525 |
165,046,781,535 |
111,502,992,727 |
|
4. Costs of goods sold |
108,717,687,462 |
131,657,998,998 |
83,921,584,757 |
|
5. Gross profit |
32,203,578,063 |
33,388,782,537 |
27,581,407,970 |
|
6. Financial income |
107,804,668 |
44,191,292 |
38,422,017 |
|
7. Financial expenses |
15,811,609,805 |
11,779,109,753 |
8,777,936,379 |
|
- In which: Loan interest expenses |
9,242,756,112 |
7,642,006,438 |
6,609,931,648 |
|
8. Selling expenses |
6,658,131,997 |
6,319,532,688 |
5,007,436,504 |
|
9. Administrative overheads |
7,186,953,568 |
7,499,197,814 |
6,081,052,274 |
|
10. Net operating profit |
2,654,687,361 |
7,835,133,574 |
7,753,404,830 |
|
11. Other income |
2,273,771,017 |
2,002,921,315 |
2,350,881,344 |
|
12. Other expenses |
5,787,054,478 |
19,224,957,364 |
2,381,097,737 |
|
13. Other profit /(loss) |
-3,513,283,461 |
-17,222,036,049 |
-30,216,393 |
|
14. Total accounting profit before tax |
-858,596,100 |
-9,386,902,475 |
7,723,188,437 |
|
15. Current corporate income tax |
|
|
|
|
16. Deferred corporate income tax |
|
|
|
|
17. Interest from subsidiaries/related companies |
|
|
|
|
18. Profit after tax |
-858,596,100 |
-9,386,902,475 |
7,723,188,437 |
|
|
||||
|
FINANCIAL RATIOS
AND AVERAGE INDUSTRY RATIOS |
||||
|
|
||||
|
Description |
FY2011 |
FY2010 |
FY2009 |
Average Industry |
|
Current liquidity ratio |
0.89 |
0.71 |
1.18 |
1.88 |
|
Quick liquidity ratio |
0.48 |
0.51 |
0.73 |
0.96 |
|
Inventory circle |
2.58 |
6.54 |
3.56 |
15.21 |
|
Average receive period |
99.48 |
82.15 |
115.20 |
49.96 |
|
Utilizing asset performance |
0.92 |
1.35 |
1.03 |
2.95 |
|
Liability by total assets |
82.33 |
91.24 |
77.11 |
66.83 |
|
Liability by owner's equity |
466.00 |
1,041.47 |
336.82 |
256.69 |
|
Ebit / Total assets (ROA) |
5.45 |
-1.43 |
13.19 |
12.92 |
|
Ebit / Owner's equity (ROE) |
30.84 |
-16.28 |
57.61 |
41.70 |
|
Ebit / Total revenue (NPM) |
5.89 |
-1.04 |
12.75 |
5.07 |
|
Gross profit / Total revenue (GPM) |
22.63 |
19.94 |
24.54 |
11.84 |
|
Note: The Average Industry was calculated by VietnamCredit based on our own
statistical data |
||||
|
|
||||
PAYMENT HISTORY & PERFORMANCE EXPERIENCES
|
||
|
|
||
|
Trade Morality |
|
Good |
|
Liquidity |
|
Low |
|
Payment status |
|
Normal |
|
Financial Situation |
|
Below Average |
|
Development trend |
|
Positive |
|
Litigation data |
|
No Record |
|
Bankruptcy |
|
No Record |
|
Payment Methods |
|
LC, TT, DA, DP |
|
Sale Methods |
|
Wholesaler |
|
Public opinion |
|
Good |
|
|
INTERPRETATION ON THE SCORES
|
|
|
|
TAN DONG DUONG MANUFACTURING
& TRADING CO.,LTD was established under the former business registration No.
4702001920 granted by Dong Nai Department of Planning and Investment on 21st
November 2005. On 25th October 2010, its business registration number was
changed to 3600767606. Currently, the subject is operating with considerable
chartered capital as VND 30 billion. The
subject specializes in manufacturing and trading print ink and wood paint.
Its head office and factory are located Road 3, An Binh Ward, Bien Hoa City,
Dong Nai Province. Besides, it also has branches in Hanoi City, Can Tho City,
Da Nang City. The
products of subject are Water Base Flexo, Solvent Base, Gravure inks, Offset
inks for printing industry such as corrugated cardboard, paper, aluminum
foil, the composite membranes: PVC, PE, PP… The finished products of subject
are supplied for domestic. Besides, the subject also exported products to
Cambodia. The subject imports materials from many countries such as Korea,
China, Singapore, USA, Japan, Malaysia, etc. Following
the subject's financial statement, we see that, the subject's total assets
increased relatively regularly year by year. In 2011, its total revenue was reduced from VND
167,433 million to VND 142,288
million. Moreover because the total assets increased whereas the total
revenue deceased, its utilizing
asset performance was reduced and was below 1. In 2011, the profitability
ratio was still poor but it got less looses. The subject's debt ratio
decreased but it was still high in 2011. Because of high debt ratio, its
liquidity was low with the current liquidity below 1 and the quick liquidity
below 0.5. The liability over total assets and liability over total equity
ratio was high so its capital structure was risky and its solvency was
low. In
general, the subject is medium scale company. Its current financial situation
is ranked as below average. Now, caution is needed for normal transactions
with the subject. |
------------ APPENDIX ----------
INDUSTRY DATA
|
||||||
|
|
||||||
|
Industry code |
Growth speed by
price compared with 1994 (%) |
Total
enterprises 2010 |
Total employees
2011 (Thous.pers.) |
Annual average
capital of enterprises 2010 (billion dongs) |
||
|
2012 |
2011 |
|||||
|
Agriculture,
Forestry and Fishing |
2.72 |
4.00 |
8,887 |
24,362.9 |
95,227 |
|
|
Industry and
Construction |
4.52 |
5.53 |
95,217 |
10,718.9 |
3,641,376 |
|
|
Trade and
Services |
6.42 |
6.69 |
187,195 |
15,270.2 |
6,957,082 |
|
|
|
||||||
ECONOMIC INDICATORS
|
||||||
|
|
||||||
|
|
2012 |
2011 |
2010 |
|||
|
Population (Million person) |
88.78 |
87.84 |
86.93 |
|||
|
Gross Domestic Products (USD
billion) |
136 |
119 |
102.2 |
|||
|
GDP Growth (%) |
5.03 |
5.89 |
6.78 |
|||
|
GDP Per Capita
(USD/person/year) |
1,540 |
1,300 |
1,160 |
|||
|
Inflation (% Change in
Composite CPI) |
9.21 |
18.58 |
11.75 |
|||
|
State Budget Deficit compared
with GDP (%) |
4.8 |
4.9 |
5.8 |
|||
|
|
||||||
SERVICE TRADE PERFORMANCE
|
||||||
|
|
||||||
|
Billion USD |
2012 |
2011 |
2010 |
|||
|
Exports |
114.6 |
96.3 |
72.2 |
|||
|
Imports |
114.3 |
105.8 |
84.8 |
|||
|
Trade Balance |
0.3 |
-9.5 |
-12.6 |
|||
Source: General
Statistics Office
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.54.44 |
|
|
1 |
Rs.83.77 |
|
Euro |
1 |
Rs.71.33 |
INFORMATION DETAILS
|
Report
Prepared by : |
PRL |
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.