MIRA
INFORM REPORT
|
Report Date : |
14.08.2013 |
IDENTIFICATION DETAILS
|
Name : |
NSST ENTERPRISE CO., LTD. |
|
|
|
|
Registered Office : |
6/8-9 Moo 5,
Kingkaew Road, Rajathewa, Bangplee, Samutprakarn 10540
|
|
|
|
|
Country : |
Thailand |
|
|
|
|
Financials (as on) : |
31.12.2012 |
|
|
|
|
Date of Incorporation : |
02.11.1998 |
|
|
|
|
Com. Reg. No.: |
0105541068567 [Former :
1027/2541] |
|
|
|
|
Legal Form : |
Private Limited Company |
|
|
|
|
Line of Business : |
Importer, Distributor &
Service Provider of Papers and Paper
Packaging Products |
|
|
|
|
No. of Employees : |
19 |
RATING & COMMENTS
|
MIRA’s Rating : |
B |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
|
Status : |
Moderate |
|
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, 2013
|
Country Name |
Previous Rating (31.12.2012) |
Current Rating (31.03.2013) |
|
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 achieved steady growth due largely to industrial and agriculture
exports - mostly electronics, agricultural commodities, automobiles and parts,
and processed foods. Thailand is trying to maintain growth by encouraging
domestic consumption and public investment to offset weak exports in 2012.
Unemployment, at less than 1% of the labor force, stands as one of the lowest
levels in the world, which puts upward pressure on wages in some industries.
Thailand also attracts nearly 2.5 million migrant workers from neighboring
countries. The Thai government is implementing a nation-wide 300 baht ($10) per
day minimum wage policy and deploying new tax reforms designed to lower rates
on middle-income earners. The Thai economy has weathered internal and external
economic shocks in recent years. The global economic severely cut Thailand's
exports, with most sectors experiencing double-digit drops. In 2009, the
economy contracted 2.3%. However, in 2010, Thailand's economy expanded 7.8%,
its fastest pace since 1995, as exports rebounded. In late 2011 growth was
interrupted by historic flooding in the industrial areas in Bangkok and its
five surrounding provinces, crippling the manufacturing sector. Industry
recovered from the second quarter of 2012 onward with GDP growth at 5.5% in
2012. The government has approved flood mitigation projects worth $11.7 billion,
which were started in 2012, to prevent similar economic damage, and an
additional $75 billion for infrastructure over the next seven years with a plan
to start in 2013.
|
Source
: CIA |
company name
NSST ENTERPRISE CO., LTD.
SUMMARY
BUSINESS ADDRESS : 6/8-9 MOO 5,
KINGKAEW ROAD, RAJATHEWA,
BANGPLEE, SAMUTPRAKARN
10540, THAILAND
TELEPHONE : [66] 2738-8160,
2738-8156-9
FAX : [66] 2738-8157
E-MAIL ADDRESS : nsst_ent@yahoo.com
REGISTRATION ADDRESS : SAME AS BUSINESS
ADDRESS
ESTABLISHED : 1998
REGISTRATION NO. : 0105541068567 [Former
: 1027/2541]
TAX ID NO. : 3011972922
CAPITAL REGISTERED : BHT.
5,000,000
CAPITAL PAID-UP : BHT.
5,000,000
SHAREHOLDER’S PROPORTION : THAI :
100%
FISCAL YEAR CLOSING DATE : DECEMBER 31
LEGAL STATUS : PRIVATE LIMITED
COMPANY
EXECUTIVE : MR.
NARIN SRIVANASONT, THAI
MANAGING DIRECTOR
NO. OF STAFF : 19
LINES OF BUSINESS : PAPERS AND
PAPER PACKAGING PRODUCTS
IMPORTER, DISTRIBUTOR & SERVICE PROVIDER
CORPORATE PROFILE
OPERATING TREND : STABLE
PRESENT SITUATION : OPERATING NORMALLY
REPUTATION : GOOD
WITH BUSINESS ENGAGEMENT
MANAGEMENT STANDARD : MANAGEMENT
WITH FAIR PERFORMANCE
HISTORY
The subject was
established on November
2, 1998 as
a private limited
company under the registered
name NSST ENTERPRISE
CO., LTD., by
Thai groups, with
the business objective to
supply papers and
paper packaging products to
domestic market. It
currently employs 19
staff.
The subject’s registered
address was initially
located at 71 Charoenkrung 39 Rd.,
Siphya, Bangrak, Bangkok
10500.
On March 28,
2000, the subject’s
registered address was
relocated to 6/8-9
Moo 5, Kingkaew Rd., Rajathewa, Bangplee, Samutprakarn
10540, and this is
the subject’s current operating
address.
THE BOARD OF DIRECTOR
|
Name |
|
Nationality |
Age |
|
|
|
|
|
|
Mr. Narin Srivanasont |
[x] |
Thai |
43 |
|
Ms. Suchada Utsahakij-amnuay |
|
Thai |
44 |
|
Mr. Sitthichoke Hongthong |
|
Thai |
41 |
AUTHORIZED PERSON
Only the mentioned
director [x] signs
on behalf of
the subject with
company’s affixed.
MANAGEMENT
Mr. Narin Srivanasont
is the Managing
Director.
He is Thai
nationality with the
age of 43
years old.
BUSINESS OPERATIONS
The subject is
engaged in importing
and distributing paper
and paper packaging products,
including cardboard, newsprint,
paper box, paper
bag, paper cup
& lid, and etc., mainly
supply to printing
and packaging industries.
PURCHASE
Most of the
products are purchased
from local suppliers,
the remaining is
imported from Sweden,
Russia, Hong Kong,
and Republic of
China.
MAJOR
SUPPLIER
Holmen AB. : Sweden
SALES [LOCAL]
100% of the
products is sold
and serviced locally
by wholesale to
traders and manufacturers.
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 30-60 days.
Local bills are
paid by cash
or on the
credits term of
30-60 days.
Imports are by
T/T.
BANKING
Bangkok Bank Public
Co., Ltd.
EMPLOYMENT
The subject employs
19 staff.
LOCATION DETAILS
The premise is
owned for operating
office and warehouse
at the heading
address. Premise is
located in industrial
area.
COMMENT
The subject was
formed in 1998 as
an importer and
distributor of papers and
paper packaging products.
The products are
varies for both
consumer and commercial
markets.
Domestic consumption has
constantly improved, as well as expanding
a new customers base is
also increasing its
sales.
FINANCIAL INFORMATION
The capital was
registered at Bht.
2,000,000 divided into
100 shares of
Bht. 20,000 each
with fully paid.
On March 28, 2000, the
capital was increased
to Bht. 5,000,000
divided into 250
shares of Bht.
20,000 each with
fully paid.
THE SHAREHOLDERS LISTED WERE
[as at April
30, 2013]
|
NAME |
HOLDING |
% |
|
|
|
|
|
Mr. Narin Srivanasont Nationality: Thai Address : 74
Soi Charoenkrung 39,
Siphya,
Bangrak, Bangkok |
145 |
58.00 |
|
Mr. Sitthichoke Hongthong Nationality: Thai Address : 38
Ladprao 80 Rd.,
Wangthonglang,
Bangkapi, Bangkok |
30 |
12.00 |
|
Ms. Pornthip Srivanasont Nationality: Thai Address : 71
Soi Charoenkrung 39,
Siphya,
Bangrak, Bangkok |
25 |
10.00 |
|
Mrs. Yenchit Anankhaporn Nationality: Thai Address : 10-12
Chalermkhet Rd., Wad
Thepsirin,
Pomprab, Bangkok |
20 |
8.00 |
|
Ms. Suchada Utsahakij-amnuay Nationality: Thai Address : 9/1
Moo 3, Seyhakij 1
Rd., Omnoi, Krathumbaen, Samutsakorn |
15 |
6.00 |
|
Ms. Narisra Srivanasont Nationality: Thai Address : 71
Soi Charoenkrung 39,
Siphya,
Bangrak, Bangkok |
15 |
6.00 |
Total Shareholders : 6
Share Structure
[as at April
30, 2013]
|
Nationality |
Shareholders |
No. of Share |
% Shares |
|
|
|
|
|
|
Thai |
6 |
250 |
100.00 |
|
Foreign |
- |
- |
- |
|
Total |
6 |
250 |
100.00 |
NAME OF AUDITOR & CERTIFIED
PUBLIC ACCOUNTANT NO.
Mrs. Dhattaya Parivisuth No.
4415
BALANCE SHEET [BAHT]
The latest financial
figures published for
December 31, 2012,
2011 & 2010
were:
ASSETS
|
Current Assets |
2012 |
2011 |
2010 |
|
|
|
|
|
|
Cash and Cash Equivalents |
4,458,865.92 |
1,449,278.45 |
2,719,076.54 |
|
Trade Accounts Receivable
|
10,591,839.27 |
6,530,766.05 |
6,050,399.25 |
|
Goods for Sales |
32,040,543.79 |
22,988,511.46 |
22,833,178.13 |
|
Other Current Assets
|
364,850.01 |
221,837.59 |
159,610.75 |
|
|
|
|
|
|
Total Current Assets
|
47,456,098.99 |
31,190,393.55 |
31,762,264.67 |
|
|
|
|
|
|
Cash at Bank
pledged as a
Collateral |
1,550,887.02 |
1,514,850.00 |
1,500,000.00 |
|
Fixed Assets |
1,776,424.00 |
2,180,774.00 |
1,505,013.00 |
|
Other Non-current Assets |
402,184.35 |
396,086.35 |
278,036.35 |
|
Total Assets |
51,185,594.36 |
35,282,103.90 |
35,045,314.02 |
LIABILITIES &
SHAREHOLDERS’ EQUITY [BAHT]
|
Current
Liabilities |
2012 |
2011 |
2010 |
|
|
|
|
|
|
Short-term Loan from Financial Institutions |
21,764,924.15 |
16,482,894.14 |
8,274,349.54 |
|
Trade Accounts Payable |
2,028,912.51 |
191,180.11 |
286,091.17 |
|
Current Portion of
Lease Contract Liabilities |
- |
- |
193,221.28 |
|
Current Portion of
Long-term Loan |
41,000.00 |
374,000.00 |
374,000.00 |
|
Loan from Director-Non Interest
|
16,700,000.00 |
7,200,000.00 |
12,000,000.00 |
|
Accrued Bonus |
- |
- |
724,480.00 |
|
Accrued Income Tax |
- |
- |
200,381.95 |
|
Accrued Commission |
- |
- |
159,200.00 |
|
Other Current Liabilities |
286,617.89 |
375,469.16 |
528,087.54 |
|
|
|
|
|
|
Total Current Liabilities |
40,821,454.55 |
24,623,543.41 |
22,739,811.48 |
|
|
|
|
|
|
Long-term Loan, Net
of Current Portion |
111,047.90 |
970,331.96 |
1,222,936.10 |
|
Total Liabilities |
40,932,502.45 |
25,593,875.37 |
23,962,747.58 |
|
|
|
|
|
|
Shareholders' Equity |
|
|
|
|
|
|
|
|
|
Share capital : Baht 20,000
value authorized, issued
and fully paid share
capital 250 shares |
5,000,000.00 |
5,000,000.00 |
5,000,000.00 |
|
|
|
|
|
|
Capital Paid |
5,000,000.00 |
5,000,000.00 |
5,000,000.00 |
|
Retained Earning - Unappropriated |
5,253,091.91 |
4,688,228.53 |
6,082,566.44 |
|
Total Shareholders' Equity |
10,253,091.91 |
9,688,228.53 |
11,082,566.44 |
|
Total Liabilities &
Shareholders' Equity |
51,185,594.36 |
35,282,103.90 |
35,045,314.02 |
PROFIT & LOSS ACCOUNT
|
Revenue |
2012 |
2011 |
2010 |
|
|
|
|
|
|
Sales Income |
77,590,505.01 |
76,348,372.81 |
69,212,060.15 |
|
Services Income |
779,075.00 |
561,275.00 |
678,346.00 |
|
Gain on Exchange Rate |
142,415.11 |
- |
39,998.00 |
|
Interest Income |
41,865.56 |
26,069.27 |
- |
|
Other Income |
149,631.13 |
1,001.14 |
202,582.43 |
|
Total Revenues |
78,703,491.81 |
76,936,718.22 |
70,132,986.58 |
|
Expenses |
|
|
|
|
|
|
|
|
|
Cost of Goods
Sold & Services
|
68,003,425.99 |
67,797,897.69 |
57,271,810.20 |
|
Selling Expenses |
148,268.92 |
184,321.91 |
211,186.77 |
|
Administrative Expenses |
8,418,969.47 |
8,931,761.60 |
9,919,941.18 |
|
Total Expenses |
76,570,664.38 |
76,913,981.20 |
67,402,938.15 |
|
|
|
|
|
|
Profit /[Loss] before Financial
Costs & Income Tax |
2,132,827.43 |
22,737.02 |
2,730,048.43 |
|
Financial Costs |
[1,567,964.05] |
[1,417,074.93] |
[983,505.52] |
|
|
|
|
|
|
Profit /[Loss] before Income
Tax |
564,863.38 |
[1,394,337.91] |
1,746,542.91 |
|
Income Tax |
- |
- |
[322,173.70] |
|
Net Profit / [Loss] |
564,863.38 |
[1,394,337.91] |
1,424,369.21 |
FINANCIAL ANALYSIS
|
ITEM |
UNIT |
2012 |
2011 |
2010 |
|
|
|
|
|
|
|
LIQUIDITY RATIO |
|
|
|
|
|
CURRENT RATIO |
TIMES |
1.16 |
1.27 |
1.40 |
|
QUICK RATIO |
TIMES |
0.37 |
0.32 |
0.39 |
|
|
|
|
|
|
|
ACTIVITY RATIO |
|
|
|
|
|
FIXED ASSETS TURNOVER |
TIMES |
44.12 |
35.27 |
46.44 |
|
TOTAL ASSETS TURNOVER |
TIMES |
1.53 |
2.18 |
1.99 |
|
INVENTORY CONVERSION PERIOD |
DAYS |
171.97 |
123.76 |
145.52 |
|
INVENTORY TURNOVER |
TIMES |
2.12 |
2.95 |
2.51 |
|
RECEIVABLES CONVERSION PERIOD |
DAYS |
49.33 |
30.99 |
31.60 |
|
RECEIVABLES TURNOVER |
TIMES |
7.40 |
11.78 |
11.55 |
|
PAYABLES CONVERSION PERIOD |
DAYS |
10.89 |
1.03 |
1.82 |
|
CASH CONVERSION CYCLE |
DAYS |
210.41 |
153.73 |
175.29 |
|
|
|
|
|
|
|
PROFITABILITY RATIO |
|
|
|
|
|
COST OF GOODS SOLD |
% |
86.77 |
88.15 |
81.95 |
|
SELLING & ADMINISTRATION |
% |
10.93 |
11.85 |
14.50 |
|
INTEREST |
% |
2.00 |
1.84 |
1.41 |
|
GROSS PROFIT MARGIN |
% |
13.65 |
11.88 |
18.40 |
|
NET PROFIT MARGIN BEFORE EX. ITEM |
% |
2.72 |
0.03 |
3.91 |
|
NET PROFIT MARGIN |
% |
0.72 |
(1.81) |
2.04 |
|
RETURN ON EQUITY |
% |
5.51 |
(14.39) |
12.85 |
|
RETURN ON ASSET |
% |
1.10 |
(3.95) |
4.06 |
|
EARNING PER SHARE |
BAHT |
2,259.45 |
(5,577.35) |
5,697.48 |
|
|
|
|
|
|
|
LEVERAGE RATIO |
|
|
|
|
|
DEBT RATIO |
TIMES |
0.80 |
0.73 |
0.68 |
|
DEBT TO EQUITY RATIO |
TIMES |
3.99 |
2.64 |
2.16 |
|
TIME INTEREST EARNED |
TIMES |
1.36 |
0.02 |
2.78 |
|
|
|
|
|
|
|
ANNUAL GROWTH |
|
|
|
|
|
SALES GROWTH |
% |
1.90 |
10.04 |
|
|
OPERATING PROFIT |
% |
9,280.42 |
(99.17) |
|
|
NET PROFIT |
% |
140.51 |
(197.89) |
|
|
FIXED ASSETS |
% |
(18.54) |
44.90 |
|
|
TOTAL ASSETS |
% |
45.08 |
0.68 |
|
ANNUAL GROWTH : IMPRESSIVE
An annual sales growth is 1.9%. Turnover has increased from THB
76,909,647.81 in 2011 to THB 78,369,580.01 in 2012. While net profit has
increased from THB -1,394,337.91 in 2011 to THB 564,863.38 in 2012. And total
assets has increased from THB 35,282,103.90 in 2011 to THB 51,185,594.36 in
2012.
PROFITABILITY : RISKY
PROFITABILITY RATIO
|
Gross Profit Margin |
13.65 |
Acceptable |
Industrial Average |
20.68 |
|
Net Profit Margin |
0.72 |
Deteriorated |
Industrial Average |
2.65 |
|
Return on Assets |
1.10 |
Deteriorated |
Industrial Average |
3.90 |
|
Return on Equity |
5.51 |
Acceptable |
Industrial Average |
8.97 |
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 13.65%. When
compared with the industry average, the ratio of the company was lower. This
indicated that company may have 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 1.1%.
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. When compared with the
industry average, it was lower, the company's figure is 5.51%.
Trend of the average competitors in the same industry for last 5 years
Return on Assets Uptrend
Return on Equity Uptrend
LIQUIDITY : RISKY
LIQUIDITY RATIO
|
Current Ratio |
1.16 |
Acceptable |
Industrial Average |
1.66 |
|
Quick Ratio |
0.37 |
|
|
|
|
Cash Conversion Cycle |
210.41 |
|
|
|
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 1.16 times in 2012, decreased from 1.27 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 0.37 times in 2012,
increased from 0.32 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 211 days.
Trend of the average competitors in the same industry for last 5 years
Current Ratio Uptrend
LEVERAGE : ACCEPTABLE
LEVERAGE RATIO
|
Debt Ratio |
0.80 |
Acceptable |
Industrial Average |
0.54 |
|
Debt to Equity Ratio |
3.99 |
Risky |
Industrial Average |
1.08 |
|
Times Interest Earned |
1.36 |
Impressive |
Industrial Average |
0.63 |
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 1.37 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 Downtrend
Times Interest Earned Downtrend
ACTIVITY : IMPRESSIVE
ACTIVITY RATIO
|
Fixed Assets Turnover |
44.12 |
Impressive |
Industrial Average |
1.35 |
|
Total Assets Turnover |
1.53 |
Impressive |
Industrial Average |
1.44 |
|
Inventory Conversion Period |
171.97 |
|
|
|
|
Inventory Turnover |
2.12 |
Deteriorated |
Industrial Average |
4.53 |
|
Receivables Conversion Period |
49.33 |
|
|
|
|
Receivables Turnover |
7.40 |
Impressive |
Industrial Average |
2.82 |
|
Payables Conversion Period |
10.89 |
|
|
|
The company's Account Receivable Ratio is calculated as 7.40 and 11.78
in 2012 and 2011 respectively. This ratio measures the efficiency of the
company in managing its trade debtors to generate revenue. A lower ratio may
indicate over extension and collection problems. Conversely, a higher ratio may
indicate an overtly stringent policy. In this case, the company's A/R ratio in
2012 decreased from 2011. This would suggest the company had deteriorated in the
management of its debt collections.
Inventory Turnover in Days Ratio indicates the liquidity of inventory.
It estimates the number of days that it will take to sell the current
inventory. Inventory is particularly sensitive to change in business activities.
The inventory turnover in days has increased from 124 days at the end of 2011
to 172 days at the end of 2012. This represents a negative trend. And Inventory
turnover has decreased from 2.95 times in year 2011 to 2.12 times in year 2012.
The company's Total Asset Turnover is calculated as 1.53 times and 2.18
times in 2012 and 2011 respectively. This ratio is determined by dividing total
assets into total sales turnover. The ratio measures the activity of the assets
and the ability of the firm to generate sales through the use of the assets.
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 Downtrend
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.61.43 |
|
|
1 |
Rs.95.76 |
|
Euro |
1 |
Rs.81.76 |
INFORMATION DETAILS
|
Report Prepared
by : |
SDA |
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.