MIRA INFORM
REPORT
|
Report Date : |
23.08.2013 |
IDENTIFICATION DETAILS
|
Name : |
CAL
INTERTRADE CO., LTD. |
|
|
|
|
Registered Office : |
14h Floor, Jewellery Center Building, 138/52 Nares Road, Siphaya, Bangrak, Bangkok 10500 |
|
|
|
|
Country : |
Thailand |
|
|
|
|
Financials (as on) : |
31.12.2012 |
|
|
|
|
Date of Incorporation : |
14.11.1988 |
|
|
|
|
Com. Reg. No.: |
0105531089375 |
|
|
|
|
Legal Form : |
Private Limited Company |
|
|
|
|
Line of Business : |
Manufacturer, Exporter
and Distributor of agricultural products including Thai
rice, beans, functional
health foods and
beverage with Thai
and Chinese herbal
ingredients, and general
food products. |
|
|
|
|
No. of Employees : |
90 |
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
CAL INTERTRADE CO.,
LTD.
SUMMARY
BUSINESS ADDRESS : 14H FLOOR, JEWELLERY CENTER BUILDING,
138/52 NARES
ROAD, SIPHAYA, BANGRAK,
BANGKOK 10500,
THAILAND
TELEPHONE : [66] 2266-6901-6,
081 926-9136
FAX :
[66] 2266-6907
E-MAIL
ADDRESS : cal@calintertrade.co.th
REGISTRATION
ADDRESS : SAME
AS BUSINESS ADDRESS
ESTABLISHED
: 1988
REGISTRATION
NO. : 0105531089375
TAX
ID NO. : 3101576597
CAPITAL REGISTERED : BHT. 30,000,000
CAPITAL PAID-UP : BHT.
30,000,000
SHAREHOLDER’S PROPORTION : THAI :
100%
FISCAL YEAR CLOSING DATE : DECEMBER 31
LEGAL
STATUS : PRIVATE LIMITED
COMPANY
EXECUTIVE : DR. CHAVALIT ANAVACHAKARN,
THAI
PRESIDENT
NO.
OF STAFF : 90
LINES
OF BUSINESS : AGRICULTURAL AND
BEVERAGE PRODUCTS
MANUFACTURER, EXPORTER
AND DISTRIBUTOR
CORPORATE PROFILE
OPERATING
TREND : STABLE
PRESENT
SITUATION : OPERATING NORMALLY
REPUTATION : FAIR
WITH NORMAL BUSINESS
ENGAGEMENT
MANAGEMENT
STANDARD : MANAGEMENT WITH
FAIR PERFORMANCE
HISTORY
The
subject was established on
November 14, 1988
as a private
limited company under the name
style CAL INTERTRADE
CO., LTD. by
Thai groups. Its business
objective is to manufacture wide range
of agricultural and
beverage products for domestic and
export markets. Subject
currently employs approximately 90
staff.
The
subject’s registered address
is 14H Floor, Jewellery Center
Bldg., 138/52 Nares Rd.,
Siphaya, Bangrak, Bangkok
10500, and this
is the subject’s
current operation address.
THE BOARD
OF DIRECTOR
Mrs. Linda Anavachakarn
AUTHORIZED PERSON
The above director
signs on behalf
of the subject
with company’s affixed.
MANAGEMENT
Dr. Chavalit Anavachakarn is
the President.
He is Thai
nationality.
Mrs. Linda Anavachakarn is
the Managing Director.
She is Thai
nationality with the
age of 59
years old.
BUSINESS OPERATIONS
The subject’s
main business is
engaged in manufacturing
and marketing wide
range of agricultural
products, e.g. Thai
rice, beans, functional
health foods and
beverage with Thai
and Chinese herbal
ingredients, and general
food products. The
products are as
follows:
·
Thai Rice
-
Thai Hom
Mali [Thai Jasmine]
white rice
-
Thai brown
rice
-
White rice
-
Broken rice
-
Thai glutinous
rice
-
Thai parboiled
rice 100%
·
Beans
-
Premium quality
of beans
-
Mung beans
-
Red kidney
beans
-
Urid beans
-
Soya beans
·
Healthy Snack,
Cereal & Drink “CAL NUTRI”
brand
-
Brown rice
crackers
-
Nourishment drinks
-
Cereal
·
General Foods
-
General food
suppliers
-
Tamarind
-
Coconut milk
and juice
-
Betel nuts
-
Flour
-
Seasoning sauce
-
Dried food
stuffs
-
Sugar
-
Natural drinks
-
Dehydrated fruits
The subject
is also an
importer and distributor
of grape seed oil
and grape seed flour
under the brand
“VITIS”.
PURCHASE
Most of raw
material and chemicals are
purchased from local
suppliers, the remaining
as well as grape seed oil and
grape seed flour
are imported from Germany, Republic of China, Taiwan,
France, India, Malaysia
and Japan.
SALES
90% of the
products is exported
to U.S.A., Australia,
Brazil, Canada, New
Zealand and other
countries in Asia,
Europe, Africa and Middle
East with over
80 countries, and the
remaining 10% is
sold locally.
MAJOR CUSTOMER
Radhaswamy Inc. :
U.S.A.
SUBSIDIARY AND AFFILIATED
COMPANY
The subject is not
found to have any
subsidiary nor 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
L/C at sight
or T/T.
Exports are against
T/T.
BANKING
Bangkok
Bank Public Co.,
Ltd.
Kasikornbank
Public Co., Ltd.
Krung
Thai Bank Public
Co., Ltd.
EMPLOYMENT
The
subject employs approximately
90 staff.
LOCATION
DETAILS
The
premise is rented
for administrative office
at the heading
address. Premise is
located in a
prime commercial area.
Factory
is located at
63 Moo 4,
Chalongkrung Rd., Lamplatiw,
Ladkrabang, Bangkok 10520.
COMMENT
Market
of food and
beverage products have
significantly grown
especially in overseas
markets. Thai products,
such as food
ingredients and raw
materials for food
processing are well
known in export
markets especially for
Asian foods consumers.
With
close cooperation and
strong support from
the Department of Export
Promotion and the
Thai Trade Center abroad and
Board of Trade
of Thailand, the subject
envisages the continuing
patronage of buyers, a vital link
to further strengthen and
promote its Thai
products in the
international markets.
FINANCIAL INFORMATION
The
capital was registered
at Bht. 1,000,000 divided
into 10,000 shares of
Bht. 100 each with
fully paid.
On
April 20, 1992,
the capital was
increased to Bht. 30,000,000 divided
into 300,000 shares of
Bht. 100 each with
fully paid.
THE
SHAREHOLDERS LISTED WERE
: [as at
April 30, 2013]
|
NAME |
HOLDING |
% |
|
|
|
|
|
Dr. Chavalit Anavachakarn Nationality: Thai Address : 36/12
Nares Rd., Siphaya,
Bangrak, Bangkok |
192,000 |
64.00 |
|
Mrs. Linda Anavachakarn Nationality: Thai Address : 138/52
Nares Rd., Siphaya,
Bangrak, Bangkok |
106,800 |
35.60 |
|
Mr. Sujate Patrawit Nationality: Thai Address : 107/296
Moo 6, Ladprao
Rd.,
Wangthonglang, Bangkapi, Bangkok |
1,000 |
0.34 |
|
Mr. Voranand Chanphen Nationality: Thai Address : 2613
Moo 3, Samrongnua,
Muang, Samutprakarn |
100 |
0.03 |
|
Mr. Surasak Apichaipaibul Nationality: Thai Address : 353/7
Soi Santiphap, Siphaya,
Bangrak,
Bangkok |
100 |
0.03 |
Total Shareholders : 5
Share Structure [as
at April 30,
2013]
|
Nationality |
Shareholders |
No. of Share |
% Shares |
|
|
|
|
|
|
Thai |
5 |
300,000 |
100.00 |
|
Foreign |
- |
- |
- |
|
Total |
5 |
300,000 |
100.00 |
NAME OF AUDITOR
& CERTIFIED PUBLIC
ACCOUNTANT NO. :
Mr. Pramual Kocharat No.
7823
BALANCE SHEET [BAHT]
The latest financial figures published
as at December
31, 2012, 2011
& 2010 were:
ASSETS
|
Current Assets |
2012 |
2011 |
2010 |
|
|
|
|
|
|
Cash and Cash Equivalents |
908,563.79 |
2,151,281.47 |
1,361,933.45 |
|
Trade Accounts & Other Receivable |
133,995,878.67 |
156,950,677.78 |
144,806,812.87 |
|
Inventories |
87,135,130.12 |
88,230,105.11 |
131,600,519.77 |
|
Other Current Assets
|
356,435.75 |
492,207.91 |
9,833,965.64 |
|
|
|
|
|
|
Total Current Assets
|
222,396,008.33 |
247,824,272.27 |
287,603,231.73 |
|
Other Long-term Investment |
5,671,036.49 |
5,553,841.28 |
5,516,632.31 |
|
Other Long-term Investment to Other Related & Other Company |
14,870,000.00 |
14,870,000.00 |
14,870,000.00 |
|
Other Long-term Investment to Person and Related Company |
12,750.50 |
4,103,898.34 |
4,194,110.34 |
|
Investment in Real Estate |
118,583,808.99 |
121,388,842.84 |
126,537,688.66 |
|
Fixed Assets |
50,226,272.34 |
58,216,843.19 |
80,322,571.81 |
|
Intangible Assets |
39,545.51 |
61,185.31 |
82,825.11 |
|
Other Non-current Assets |
78,398.43 |
178,869.27 |
3,330,259.09 |
|
Total Assets |
411,877,820.59 |
452,197,752.49 |
522,457,319.05 |
LIABILITIES &
SHAREHOLDERS’ EQUITY [BAHT]
|
Current Liabilities |
2012 |
2011 |
2010 |
|
|
|
|
|
|
Bank Overdraft and Short-term Loan from Financial Institutions |
343,966,725.22 |
356,291,552.17 |
407,496,758.95 |
|
Trade Accounts & Other
Payable |
29,342,877.21 |
48,073,330.39 |
47,800,604.86 |
|
Current Portion of
Lease Contract Liabilities |
4,266,980.97 |
2,534,900.59 |
1,980,000.00 |
|
Current Portion of
Financial Lease Liabilities |
879,582.95 |
1,218,998.58 |
1,364,898.42 |
|
Accrued Income Tax |
141,477.43 |
262,696.55 |
- |
|
Other Current Liabilities |
114,577.10 |
180,411.71 |
1,260,209.91 |
|
|
|
|
|
|
Total Current Liabilities |
378,712,220.88 |
408,561,889.99 |
459,902,472.14 |
|
|
|
|
|
|
Lease Contract Liabilities, Net |
8,038,258.11 |
18,700,545.52 |
16,818,263.11 |
|
Employee Benefits Obligation |
605,738.89 |
424,750.00 |
- |
|
Total Liabilities |
387,356,217.88 |
427,687,185.51 |
476,720,735.25 |
|
|
|
|
|
|
Shareholders' Equity |
|
|
|
|
|
|
|
|
|
Share capital : Baht 100
par value authorized, issued
and fully paid share
capital 300,000 shares |
30,000,000.00 |
30,000,000.00 |
30,000,000.00 |
|
|
|
|
|
|
Capital Paid |
30,000,000.00 |
30,000,000.00 |
30,000,000.00 |
|
Surplus on Revaluation
of Assets |
- |
- |
21,840,835.89 |
|
Retained Earnings Unappropriated
|
[5,478,397.29] |
[5,489,433.02] |
[6,104,252.09] |
|
Total Shareholders' Equity |
24,521,602.71 |
24,510,566.98 |
45,736,583.80 |
|
Total Liabilities & Shareholders' Equity |
411,877,820.59 |
452,197,752.49 |
522,457,319.05 |
PROFIT &
LOSS ACCOUNT
|
Revenue |
2012 |
2011 |
2010 |
|
|
|
|
|
|
Sales Income |
196,015,840.40 |
298,582,865.88 |
256,651,184.44 |
|
Other Income |
5,143,753.51 |
2,897,201.14 |
24,756,209.61 |
|
Total Revenues |
201,159,593.91 |
301,480,067.02 |
281,407,394.05 |
|
Expenses |
|
|
|
|
|
|
|
|
|
Cost of Goods
Sold |
152,405,011.66 |
250,767,570.14 |
232,374,302.88 |
|
Selling and Administrative Expenses |
|
|
|
|
Selling Expenses |
1,553,229.43 |
823,107.24 |
514,748.32 |
|
Administrative Expenses |
18,853,481.11 |
21,303,477.74 |
22,649,402.10 |
|
Other Expenses |
- |
242,606.09 |
- |
|
Total Expenses |
172,811,722.20 |
273,136,761.21 |
255,538,453.30 |
|
|
|
|
|
|
Profit / [Loss] before
Financial Cost & Income
Tax |
28,347,871.71 |
28,343,305.81 |
25,868,940.75 |
|
Financial Costs |
[28,181,604.53] |
[27,797,114.13] |
[25,069,970.75] |
|
Profit / [Loss] before Income
Tax |
166,267.18 |
546,191.68 |
798,970.00 |
|
Income Tax |
[155,231.45] |
[443,343.55] |
[422,748.86] |
|
|
|
|
|
|
Net Profit / [Loss] |
11,035.73 |
102,848.13 |
376,221.14 |
FINANCIAL ANALYSIS
|
ITEM |
UNIT |
2012 |
2011 |
2010 |
|
|
|
|
|
|
|
LIQUIDITY RATIO |
|
|
|
|
|
CURRENT RATIO |
TIMES |
0.59 |
0.61 |
0.63 |
|
QUICK RATIO |
TIMES |
0.36 |
0.39 |
0.32 |
|
|
|
|
|
|
|
ACTIVITY RATIO |
|
|
|
|
|
FIXED ASSETS TURNOVER |
TIMES |
3.90 |
5.13 |
3.20 |
|
TOTAL ASSETS TURNOVER |
TIMES |
0.48 |
0.66 |
0.49 |
|
INVENTORY CONVERSION PERIOD |
DAYS |
208.68 |
128.42 |
206.71 |
|
INVENTORY TURNOVER |
TIMES |
1.75 |
2.84 |
1.77 |
|
RECEIVABLES CONVERSION PERIOD |
DAYS |
249.51 |
191.86 |
205.94 |
|
RECEIVABLES TURNOVER |
TIMES |
1.46 |
1.90 |
1.77 |
|
PAYABLES CONVERSION PERIOD |
DAYS |
70.27 |
69.97 |
75.08 |
|
CASH CONVERSION CYCLE |
DAYS |
387.92 |
250.31 |
337.57 |
|
|
|
|
|
|
|
PROFITABILITY
RATIO |
|
|
|
|
|
COST OF GOODS SOLD |
% |
77.75 |
83.99 |
90.54 |
|
SELLING & ADMINISTRATION |
% |
10.41 |
7.41 |
9.03 |
|
INTEREST |
% |
14.38 |
9.31 |
9.77 |
|
GROSS PROFIT MARGIN |
% |
24.87 |
16.98 |
19.10 |
|
NET PROFIT MARGIN BEFORE EX. ITEM |
% |
14.46 |
9.49 |
10.08 |
|
NET PROFIT MARGIN |
% |
0.01 |
0.03 |
0.15 |
|
RETURN ON EQUITY |
% |
0.05 |
0.42 |
0.82 |
|
RETURN ON ASSET |
% |
0.00 |
0.02 |
0.07 |
|
EARNING PER SHARE |
BAHT |
0.04 |
0.34 |
1.25 |
|
|
|
|
|
|
|
LEVERAGE RATIO |
|
|
|
|
|
DEBT RATIO |
TIMES |
0.94 |
0.95 |
0.91 |
|
DEBT TO EQUITY RATIO |
TIMES |
15.80 |
17.45 |
10.42 |
|
TIME INTEREST EARNED |
TIMES |
1.01 |
1.02 |
1.03 |
|
|
|
|
|
|
|
ANNUAL GROWTH |
|
|
|
|
|
SALES GROWTH |
% |
(34.35) |
16.34 |
|
|
OPERATING PROFIT |
% |
0.02 |
9.57 |
|
|
NET PROFIT |
% |
(89.27) |
(72.66) |
|
|
FIXED ASSETS |
% |
(13.73) |
(27.52) |
|
|
TOTAL ASSETS |
% |
(8.92) |
(13.45) |
|
ANNUAL GROWTH :
RISKY
An annual sales growth is -34.35%. Turnover has decreased from THB
298,582,865.88 in 2011 to THB 196,015,840.40 in 2012. While net profit has
decreased from THB 102,848.13 in 2011 to THB 11,035.73 in 2012. And total
assets has decreased from THB 452,197,752.49 in 2011 to THB 411,877,820.59 in
2012.
PROFITABILITY :
ACCEPTABLE
PROFITABILITY
RATIO
|
Gross Profit Margin |
24.87 |
Impressive |
Industrial Average |
(2.28) |
|
Net Profit Margin |
0.01 |
Deteriorated |
Industrial Average |
1.25 |
|
Return on Assets |
0.00 |
Deteriorated |
Industrial Average |
4.28 |
|
Return on Equity |
0.05 |
Deteriorated |
Industrial Average |
13.52 |
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 24.87%. When compared with the industry
average, the ratio of the company was higher, indicated that company was more
profitable than the same industry.
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 0.01%.
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 0%.
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 0.05%.
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 |
0.59 |
Risky |
Industrial Average |
1.43 |
|
Quick Ratio |
0.36 |
|
|
|
|
Cash Conversion Cycle |
387.92 |
|
|
|
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 0.59 times in 2012, decreased from 0.61 times, then the company may
not be efficiently using its current assets. 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 0.36 times in 2012,
decreased from 0.39 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 388 days.
Trend of the
average competitors in the same industry for last 5 years
Current Ratio Uptrend
LEVERAGE :
ACCEPTABLE
LEVERAGE RATIO
|
Debt Ratio |
0.94 |
Acceptable |
Industrial Average |
0.51 |
|
Debt to Equity Ratio |
15.80 |
Risky |
Industrial Average |
(1.13) |
|
Times Interest Earned |
1.01 |
Impressive |
Industrial Average |
(0.17) |
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 1.01 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 0.94 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 :
ACCEPTABLE
ACTIVITY RATIO
|
Fixed Assets Turnover |
3.90 |
Impressive |
Industrial Average |
(4.59) |
|
Total Assets Turnover |
0.48 |
Deteriorated |
Industrial Average |
3.56 |
|
Inventory Conversion Period |
208.68 |
|
|
|
|
Inventory Turnover |
1.75 |
Deteriorated |
Industrial Average |
5.20 |
|
Receivables Conversion Period |
249.51 |
|
|
|
|
Receivables Turnover |
1.46 |
Deteriorated |
Industrial Average |
5.34 |
|
Payables Conversion Period |
70.27 |
|
|
|
The company's Account Receivable Ratio is calculated as 1.46 and 1.90 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 128 days at the end of 2011 to
209 days at the end of 2012. This represents a negative trend. And Inventory
turnover has decreased from 2.84 times in year 2011 to 1.75 times in year 2012.
The company's Total Asset Turnover is calculated as 0.48 times and 0.66
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 Uptrend
Inventory Turnover Downtrend
Receivables Turnover Uptrend
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.65.42 |
|
UK Pound |
1 |
Rs.102.09 |
|
Euro |
1 |
Rs.87.32 |
INFORMATION DETAILS
|
Report Prepared
by : |
MNL |
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.