MIRA
INFORM REPORT
|
Report Date : |
30.08.2013 |
IDENTIFICATION DETAILS
|
Name : |
NANAPAN AGRI-INDUSTRIAL COMPANY LIMITED |
|
|
|
|
Registered Office : |
39/9 Moo 1, T. Prayabunlue, A. Latbualuang, Ayutthaya 13230 |
|
|
|
|
Country : |
Thailand |
|
|
|
|
Financials (as on) : |
31.12.2012 |
|
|
|
|
Date of Incorporation : |
12.05.2003 |
|
|
|
|
Com. Reg. No.: |
0105546054459 |
|
|
|
|
Legal Form : |
Private Limited Company |
|
|
|
|
Line of Business : |
Distributor and Exporter of Agriculture Products |
|
|
|
|
No. of Employees : |
300 |
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 : |
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 – 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 crisis 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
NANAPAN
AGRI-INDUSTRIAL COMPANY LIMITED
SUMMARY
BUSINESS
ADDRESS : 39/9
MOO 1, T. PRAYABUNLUE,
A.
LATBUALUANG, AYUTTHAYA 13230
TELEPHONE : [66] 35
741-302-5, 086 308-0217
FAX :
[66] 35
741-305
E-MAIL
ADDRESS : contact@nanapanagri.com
REGISTRATION
ADDRESS : SAME
AS BUSINESS ADDRESS
ESTABLISHED
: 2003
REGISTRATION
NO. : 0105546054459
TAX
ID NO. : 3030910080
CAPITAL REGISTERED : BHT. 70,000,000
CAPITAL PAID-UP : BHT.
70,000,000
SHAREHOLDER’S PROPORTION : THAI :
100%
FISCAL YEAR CLOSING DATE : DECEMBER 31
LEGAL
STATUS : PRIVATE LIMITED
COMPANY
EXECUTIVE : MR. KAROON TANTIPONG-ANANT, THAI
MANAGING DIRECTOR
NO.
OF STAFF : 300
LINES
OF BUSINESS : AGRICULTURE PRODUCTS
DISTRIBUTOR AND
EXPORTER
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 May
12, 2003 as
a private limited
company under the name
style NANAPAN AGRI-INDUSTRIAL COMPANY
LIMITED by Thai groups.
Its business objective is
a distributor and
exporter various kinds of
agriculture products. It
currently employs approximately 300
staff.
The subject’s registered address
was initially located at 1150-1158 Songwad Rd., Chakrawad,
Samphantawong, Bangkok 10100.
On July 21, 2010, its registered address was
relocated to 39/9 Moo 1, T. Prayabunlue,
A. Latbualuang, Ayutthaya 13230,
and this is
the subject’s current
operation address.
THE BOARD
OF DIRECTOR
|
Name |
|
Nationality |
Age |
|
|
|
|
|
|
Mrs. Suwannee Tantipong-anant |
|
Thai |
72 |
|
Mr. Karoon Tantipong-anant |
|
Thai |
47 |
|
Mr. Thanaphon Tantipong-anant |
|
Thai |
46 |
|
Mr. Charnchai Tantipong-anant |
|
Thai |
43 |
|
Mr. Paisal Tantipong-anant |
|
Thai |
38 |
AUTHORIZED PERSON
Any two of the
above directors can jointly sign
on behalf of
the subject with company’s
affixed.
MANAGEMENT
Mr. Karoon Tantipong-anant is
the Managing Director.
He is Thai
nationality with the
age of 47
years old.
Mr. Thanaphon Tantipong-anant is
the Purchasing Manager.
He is Thai
nationality with the
age of 46
years old.
Mr. Charnchai Tantipong-anant is
the Export Manager.
He is Thai
nationality with the
age of 43
years old.
BUSINESS OPERATIONS
The subject
is engaged in distributing and
exporting various kinds of agricultural
products, including yellow
maize, red sorghum,
various pulses, beans,
sesame seeds, pearl
barley, corn, rice
and etc.
PURCHASE
100% of the
products is purchased
from local suppliers.
SALES
The products are sold by
wholesale to traders
and manufacturers both
domestic and overseas,
mainly Malaysia, Indonesia, Vietnam,
Japan, U.S.A., Singapore,
Korea, Taiwan, Republic of
China, Hong Kong,
Australia, India, Philippines,
Sri Lanka, and
the countries in
Europe, Africa and
Middle East.
RELATED AND
AFFILIATED COMPANY
Tanyatip Intertrade Co.,
Ltd.
Business Type :
“TANYATIP” packaged rice
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.
Exports are against
T/T.
BANKING
Bangkok Bank Public
Co., Ltd.
Kasikornbank Public Co.,
Ltd.
The Siam Commercial
Bank Public Co.,
Ltd.
EMPLOYMENT
The
subject employs approximately
300 staff.
LOCATION DETAILS
The
premise is owned
for administrative office,
factory I and warehouse at the heading
address. Premise is
located in rural
area.
The
other factories and
warehouses are located
at:
-
1/3
Tharua-Tharan Rd., T. Tharua,
A. Tharua, Ayutthaya
13130.
-
303/6
Moo 4, T. Kaowangthong, A. Nongchang,
Uthaithani 61000.
Bangkok Branch :
- 1150-1158
Songwad Rd., Chakrawad,
Samphantawong, Bangkok 10100.
Tel. :
[66] 2221-8116-20, Fax. :
[66] 2224-4036.
COMMENT
The
subject was formed
in 2003 as
a distributor and
exporters of agricultural
products. Subject’s
performance was related
with the condition
of consumer market at
both domestic and
international, which is
likely to expand
slowly from the
previous year.
However,
revenue level in
2012 was reported
slower than the previous
year, as well
as global consumption has
been slowing down
since several months
due to economic weakness
remained. Subject’s performance
is likely to
grow at slow
pace this year.
FINANCIAL INFORMATION
The
capital was registered
at Bht. 10,000,000 divided
into 100 shares
of Bht. 100,000
each.
The
capital was increased
later as follows:
Bht. 50,000,000
on August 10,
2007
Bht. 70,000,000
on September 28,
2010
The
latest registered capital
was increased to
Bht. 70,000,000 divided
into 700 shares
of Bht. 100,000
each with fully
paid.
THE
SHAREHOLDERS LISTED WERE
: [as at
April 30, 2013]
|
NAME |
HOLDING |
% |
|
|
|
|
|
Mrs. Suwannee Tantipong-anant Nationality: Thai Address : 1136/1
Songwad Rd., Chakrawad,
Samphantawong, Bangkok |
420 |
60.00 |
|
Mr. Paisal Tantipong-anant Nationality: Thai Address : 1134-1136
Songwad Rd., Chakrawad,
Samphantawong, Bangkok |
70 |
10.00 |
|
Mr. Karoon Tantipong-anant Nationality: Thai Address : 106/4
Moo 7, Bangpai,
Bangkae, Bangkok |
65 |
9.29 |
|
Mr. Thanaphon Tantipong-anant Nationality: Thai Address : 1134-1136
Songwad Rd., Chakrawad,
Samphantawong, Bangkok |
65 |
9.29 |
|
Mr. Charnchai Tantipong-anant Nationality: Thai Address : 1134-1136
Songwad Rd., Chakrawad,
Samphantawong, Bangkok |
65 |
9.29 |
|
Mrs. Rosamarin Tantipong-anant Nationality: Thai Address : 106/4
Moo 7, Bangpai, Bangkae,
Bangkok |
5 |
0.71 |
|
Mrs. Piroonwan Tantipong-anant Nationality: Thai Address : 55/97
Moo 1, Klongklua, Pakkred,
Nonthaburi |
5 |
0.71 |
|
Mrs. Suchitra Tantipong-anant Nationality: Thai Address : 1705
Sukhumvit Rd., Prakanongnua,
Wattana, Bangkok |
5 |
0.71 |
Total Shareholders : 7
Share Structure [as
at April 30,
2013]
|
Nationality |
Shareholders |
No. of Share |
% Shares |
|
|
|
|
|
|
Thai |
8 |
700 |
100.00 |
|
Foreign |
- |
- |
- |
|
Total |
8 |
700 |
100.00 |
NAME OF AUDITOR
& CERTIFIED PUBLIC
ACCOUNTANT NO. :
Mr. Sathit Kamhom No.
6605
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 |
4,865,158.75 |
3,991,922.22 |
25,003,305.41 |
|
Trade Accounts Receivable
|
2,101,878.05 |
180,302,393.81 |
104,213,840.12 |
|
Inventories |
687,620,440.18 |
785,817,006.44 |
656,917,659.33 |
|
Other Current Assets
|
4,819,748.87 |
3,990,348.84 |
7,591,109.51 |
|
|
|
|
|
|
Total Current Assets
|
699,407,225.85 |
974,101,671.31 |
793,725,914.37 |
|
|
|
|
|
|
Fixed Assets |
200,735,770.27 |
196,428,978.66 |
225,880,209.77 |
|
Computer Programme |
7,671.23 |
62,508.49 |
160,937.26 |
|
Other Non - current Assets |
3,977,387.67 |
3,729,323.00 |
1,173,303.00 |
|
Total Assets |
904,128,055.02 |
1,174,322,481.46 |
1,020,940,364.40 |
LIABILITIES &
SHAREHOLDERS’ EQUITY [BAHT]
|
Current
Liabilities |
2012 |
2011 |
2010 |
|
|
|
|
|
|
Bank Overdraft & Short-term Loan from Financial Institutions |
651,665,065.29 |
833,633,932.97 |
614,996,675.24 |
|
Trade Accounts & Other
Payable |
25,329.00 |
112,883,719.63 |
197,052,795.96 |
|
Current Portion of
Long-term Loans |
18,754,921.12 |
15,547,094.76 |
14,095,821.32 |
|
Short-term Loan from Related
Person |
85,658,443.22 |
106,558,543.22 |
81,050,539.22 |
|
Accrued Income Tax |
- |
920,303.14 |
- |
|
Other Current Liabilities |
11,394,603.47 |
15,730,088.53 |
10,888,664.80 |
|
|
|
|
|
|
Total Current Liabilities |
767,498,362.10 |
1,085,273,682.25 |
918,084,496.54 |
|
|
|
|
|
|
Long-term Loan from Other Company |
47,937,704.87 |
2,294,906.82 |
17,901,056.88 |
|
Total Liabilities |
815,436,066.97 |
1,087,568,589.07 |
935,985,553.42 |
|
|
|
|
|
|
Shareholders' Equity |
|
|
|
|
|
|
|
|
|
Share capital : Baht 100,000
par value authorized, issued
and fully paid share
capital 700 shares |
70,000,000.00 |
70,000,000.00 |
70,000,000.00 |
|
|
|
|
|
|
Capital Paid |
70,000,000.00 |
70,000,000.00 |
70,000,000.00 |
|
Retained Earnings Unappropriated
|
18,691,988.05 |
16,753,892.39 |
14,954,810.98 |
|
Total Shareholders' Equity |
88,691,988.05 |
86,753,892.39 |
84,954,810.98 |
|
Total Liabilities & Shareholders' Equity |
904,128,055.02 |
1,174,322,481.46 |
1,020,940,364.40 |
PROFIT &
LOSS ACCOUNT
|
Revenue |
2012 |
2011 |
2010 |
|
|
|
|
|
|
Sales & Services Income |
839,979,713.80 |
2,396,707,761.80 |
1,514,636,021.52 |
|
Other Income |
|
|
|
|
Gain on Exchange Rate |
18,129,841.22 |
12,948,861.54 |
11,546,647.29 |
|
Gain/[Loss] on Disposal
of Assets |
493,668.09 |
- |
- |
|
Other |
1,485,612.43 |
2,196,799.74 |
6,910.04 |
|
Total Revenues |
860,088,835.54 |
2,411,853,423.08 |
1,526,189,578.85 |
|
Expenses |
|
|
|
|
|
|
|
|
|
Cost of Goods
Sold |
769,758,055.45 |
2,252,309,872.89 |
1,421,218,548.56 |
|
Selling Expenses |
33,129,646.36 |
94,919,993.08 |
60,196,801.07 |
|
Administrative Expenses |
9,706,028.23 |
11,654,977.20 |
13,435,770.05 |
|
Total Expenses |
812,593,730.04 |
2,358,884,843.17 |
1,494,851,119.68 |
|
|
|
|
|
|
Profit / [Loss] before
Financial Cost & Income
Tax |
47,495,105.50 |
52,968,579.91 |
31,338,459.17 |
|
Financial Costs |
[44,928,503.15] |
[49,394,618.65] |
[28,080,788.02] |
|
Profit / [Loss] before Income
Tax |
2,566,602.35 |
3,573,961.26 |
3,257,671.15 |
|
Income Tax |
[628,506.69] |
[1,774,879.85] |
[1,663,366.85] |
|
|
|
|
|
|
Net Profit / [Loss] |
1,938,095.66 |
1,799,081.41 |
1,594,304.30 |
FINANCIAL ANALYSIS
|
ITEM |
UNIT |
2012 |
2011 |
2010 |
|
|
|
|
|
|
|
LIQUIDITY RATIO |
|
|
|
|
|
CURRENT RATIO |
TIMES |
0.91 |
0.90 |
0.86 |
|
QUICK RATIO |
TIMES |
0.01 |
0.17 |
0.14 |
|
|
|
|
|
|
|
ACTIVITY RATIO |
|
|
|
|
|
FIXED ASSETS TURNOVER |
TIMES |
4.18 |
12.20 |
6.71 |
|
TOTAL ASSETS TURNOVER |
TIMES |
0.93 |
2.04 |
1.48 |
|
INVENTORY CONVERSION PERIOD |
DAYS |
326.05 |
127.35 |
168.71 |
|
INVENTORY TURNOVER |
TIMES |
1.12 |
2.87 |
2.16 |
|
RECEIVABLES CONVERSION PERIOD |
DAYS |
0.91 |
27.46 |
25.11 |
|
RECEIVABLES TURNOVER |
TIMES |
399.63 |
13.29 |
14.53 |
|
PAYABLES CONVERSION PERIOD |
DAYS |
0.01 |
18.29 |
50.61 |
|
CASH CONVERSION CYCLE |
DAYS |
326.95 |
136.51 |
143.22 |
|
|
|
|
|
|
|
PROFITABILITY
RATIO |
|
|
|
|
|
COST OF GOODS SOLD |
% |
91.64 |
93.98 |
93.83 |
|
SELLING & ADMINISTRATION |
% |
5.10 |
4.45 |
4.86 |
|
INTEREST |
% |
5.35 |
2.06 |
1.85 |
|
GROSS PROFIT MARGIN |
% |
10.75 |
6.66 |
6.93 |
|
NET PROFIT MARGIN BEFORE EX. ITEM |
% |
5.65 |
2.21 |
2.07 |
|
NET PROFIT MARGIN |
% |
0.23 |
0.08 |
0.11 |
|
RETURN ON EQUITY |
% |
2.19 |
2.07 |
1.88 |
|
RETURN ON ASSET |
% |
0.21 |
0.15 |
0.16 |
|
EARNING PER SHARE |
BAHT |
2,768.71 |
2,570.12 |
2,277.58 |
|
|
|
|
|
|
|
LEVERAGE RATIO |
|
|
|
|
|
DEBT RATIO |
TIMES |
0.90 |
0.93 |
0.92 |
|
DEBT TO EQUITY RATIO |
TIMES |
9.19 |
12.54 |
11.02 |
|
TIME INTEREST EARNED |
TIMES |
1.06 |
1.07 |
1.12 |
|
|
|
|
|
|
|
ANNUAL GROWTH |
|
|
|
|
|
SALES GROWTH |
% |
(64.95) |
58.24 |
|
|
OPERATING PROFIT |
% |
(10.33) |
69.02 |
|
|
NET PROFIT |
% |
7.73 |
12.84 |
|
|
FIXED ASSETS |
% |
2.19 |
(13.04) |
|
|
TOTAL ASSETS |
% |
(23.01) |
15.02 |
|
ANNUAL GROWTH :
ACCEPTABLE
An annual sales growth is -64.95%. Turnover has
decreased from THB 2,396,707,761.80 in 2011 to
THB 839,979,713.80
in 2012. While net profit has increased from THB
1,799,081.41 in
2011 to THB 1,938,095.66 in 2012. And total assets has
decreased from THB 1,174,322,481.46
in 2011 to THB 904,128,055.02
in 2012.
PROFITABILITY :
SATISFACTORY
PROFITABILITY
RATIO
|
Gross Profit Margin |
10.75 |
Satisfactory |
Industrial
Average |
11.66 |
|
Net Profit Margin |
0.23 |
Satisfactory |
Industrial Average |
0.27 |
|
Return on Assets |
0.21 |
Deteriorated |
Industrial
Average |
0.79 |
|
Return on Equity |
2.19 |
Satisfactory |
Industrial
Average |
2.66 |
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 10.75%. 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 0.23%. 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 0.21%.
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 2.19%.
Trend of the
average competitors in the same industry for last 5 years
Return on Assets Downtrend
Return on Equity Downtrend
LIQUIDITY : RISKY
LIQUIDITY RATIO
|
Current Ratio |
0.91 |
Risky |
Industrial
Average |
1.22 |
|
Quick Ratio |
0.01 |
|
|
|
|
Cash Conversion Cycle |
326.95 |
|
|
|
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 0.91 times in 2012,
increased from 0.90 times, then the company may have
problems meeting its short-term obligations. 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 0.01 times
in 2012, decreased from 0.17 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 327 days.
Trend of the
average competitors in the same industry for last 5 years
Current Ratio Downtrend
LEVERAGE :
ACCEPTABLE
LEVERAGE RATIO
|
Debt Ratio |
0.90 |
Acceptable |
Industrial
Average |
0.67 |
|
Debt to Equity Ratio |
9.19 |
Risky |
Industrial
Average |
2.12 |
|
Times Interest Earned |
1.06 |
Impressive |
Industrial
Average |
0.26 |
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 1.06 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 0.9 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 :
SATISFACTORY
ACTIVITY RATIO
|
Fixed Assets Turnover |
4.18 |
Impressive |
Industrial
Average |
1.84 |
|
Total Assets Turnover |
0.93 |
Deteriorated |
Industrial
Average |
2.58 |
|
Inventory Conversion Period |
326.05 |
|
|
|
|
Inventory Turnover |
1.12 |
Deteriorated |
Industrial
Average |
4.65 |
|
Receivables Conversion Period |
0.91 |
|
|
|
|
Receivables Turnover |
399.63 |
Impressive |
Industrial
Average |
4.19 |
|
Payables Conversion Period |
0.01 |
|
|
|
The company's Account Receivable Ratio is calculated as 399.63 and 13.29 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 increased from 2011. This would suggest the company had good performance 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 127
days at the end of 2011 to 326 days
at the end of 2012. This represents a negative trend.
And Inventory turnover has decreased from 2.87 times in
year 2011 to 1.12 times in year
2012.
The company's Total Asset Turnover is calculated as 0.93
times and 2.04 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.67.70 |
|
|
1 |
Rs.105.14 |
|
Euro |
1 |
Rs.90.03 |
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.