MIRA INFORM REPORT
|
Report Date : |
31.08.2013 |
IDENTIFICATION DETAILS
|
Name : |
R & B FOOD SUPPLY CO., LTD. |
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|
|
|
Formerly Known As : |
R & B SUPPLY CO., LTD. |
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Registered Office : |
3395 Soi Ladprao 101, Ladprao Road, Klongchan, Bangkapi, Bangkok 10240 |
|
|
|
|
Country : |
Thailand |
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|
|
Financials (as on) : |
31.12.2012 |
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Date of Incorporation : |
08.11.1991 |
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Com. Reg. No.: |
0105534106441 |
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Legal Form : |
Private Limited Company |
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Line of Business : |
Manufacturer, Importer, Exporter and Distributor Food & Bakery Ingredients |
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No. of Employees : |
300 |
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 – 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
R & B
FOOD SUPPLY CO.,
LTD.
[FORMER :
R & B SUPPLY CO., LTD.]
SUMMARY
BUSINESS
ADDRESS : 3395
SOI LADPRAO 101,
LADPRAO ROAD,
KLONGCHAN, BANGKAPI,
BANGKOK 10240,
THAILAND
TELEPHONE : [66] 2946-6813-21
FAX :
[66] 2519-3311
E-MAIL
ADDRESS : rbsupply2@yahoo.com
REGISTRATION
ADDRESS : SAME
AS BUSINESS ADDRESS
ESTABLISHED
: 1991
REGISTRATION
NO. : 0105534106441
TAX
ID NO. : 3011044377
CAPITAL REGISTERED : BHT. 35,000,000
CAPITAL PAID-UP : BHT.
35,000,000
SHARHOLDER’S
PROPORTION : THAI :
100%
FISCAL YEAR CLOSING DATE : DECEMBER 31
LEGAL
STATUS : PRIVATE LIMITED
COMPANY
EXECUTIVE : MRS.
PETCHARA RATANAPOOMPINYO, THAI
MANAGING DIRECTOR
NO.
OF STAFF : 300
LINES
OF BUSINESS : FOOD
& BAKERY INGREDIENTS
MANUFACTURER, IMPORTER,
EXPORTER
AND DISTRIBUTOR
CORPORATE PROFILE
OPERATING
TREND : STABLE
PRESENT
SITUATION : OPERATING NORMALLY
REPUTATION : GOOD
WITH NORMAL BUSINESS
ENGAGEMENT
MANAGEMENT
STANDARD : MANAGEMENT WITH
GOOD PERFORMANCE
HISTORY
The subject was
established on November
8, 1991 as
a private limited
company, under the
registered name “R & B
Supply Co., Ltd.”, by
Mrs. Petchara
Ratanapoompinyo. On September
16, 2009 the
subject’s name was
changed to R & B
FOOD SUPPLY CO.,
LTD. Its business
objective is to
manufacture, import and
distribute various kinds
of food, bakery
ingredients & supplies
to both local
and overseas markets.
It currently employs
approximately 300 staff.
The subject’s registered
address is 3395
Soi Ladprao 101, Ladprao
Rd., Klongchan, Bangkapi,
Bangkok 10240, and
this is the
subject’s current operation
address.
THE BOARD OF
DIRECTOR
Mrs. Petchara Ratanapoompinyo
AUTHORIZED PERSON
The above director
signs on behalf
of the subject
with company’s affixed.
MANAGEMENT
Mrs. Petchara Ratanapoompinyo is
the Managing Director.
She is Thai
nationality with the
age of 62
years old.
Ms. Pensilp Oonhachoke
is the Factory
Manager.
She is Thai
nationality.
Mr. Teerapat Yanatornkul is
the General Manager.
He is Thai
nationality.
Mr. Somchai Ratanapoompinyo is
the Sales & Marketing Manager.
He is Thai
nationality.
BUSINESS OPERATIONS
The subject’s main
business is manufacturing, distributing
and exporting various kinds
of breadcrumbs, cooking
flour including marinade,
predust, batter, breader
and food coating
bakery ingredient, and
other related products,
under its own
brands “UNCLE BARNS”,
“BEST ODOUR” and
“SUPER-FIND”, as well
as manufacturing of
plastic packaging [thermoform
trays] for poultry,
foods, frozen foods
and bakery industries.
The subject is also
importing and distributing various
kinds of food
& bakery ingredients including
bakery supplies, such
as liquid food
color, liquid food
flavor, baking powder,
perfume concentrate, corn flour,
yeast, citric acid, vanilla powder, calcium propionate, cellulose,
fibrous, whole milk
powder spray, pepper
powder, chili powder
and etc.
PURCHASE
Foods and bakery
ingredients are purchased
from both local
and oversea suppliers
in United States
of America, Italy,
India, Republic of China,
Taiwan, Japan and
Singapore.
SALES [LOCAL]
80% of the
products are sold
locally to wholesalers
and food and
bakery manufactures.
EXPORT
20% of the
products are exported
to Myanmar, Vietnam,
Indonesia, Laos, Malaysia,
India, Singapore, United
States of America,
Pakistan and the
Middle East countries.
MAJOR CUSTOMER
2 MI Inc. : United States
of America
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
L/C at sight & T/T.
Exports are against T/T
BANKING
Bangkok Bank Public
Co., Ltd.
[Head Office :
333 Silom Rd.,
Silom, Bangrak, Bangkok
10500]
The Siam Commercial
Bank Public Co., Ltd.
[Head Office :
9 Ratchadapisek Rd.,
Ladyao, Jatujak, Bangkok
10900]
EMPLOYMENT
The subject employs
approximately 300 staff. [office, sales
staff and factory
workers]
LOCATION DETAILS
The premise is
owned for administrative office
and factory I at the
heading address. Premise is
located in commercial/residential area.
Factory II is
located on 22,400
square meters of
total area, with
5,800 square meters
of factory building,
at 134 Moo
1, Hi-tech Industrial
Estate, T. Banwha, A. Bangpa-in,
Ayutthaya 13160. Tel. :
[66] 35 351-932-6,
Fax. : [66] 35 351-932.
Factory III is
located at 129/46
Moo 3, T. Wangchura,
A. Wangnoi, Ayutthaya 13170.
Tel.: [66] 35
722-077-81, Fax: [66]
35 721-173.
COMMENT
The company’s sales are solid from strong growth in food and bakery
industries. The subject’s business
had robust growth
in the previous year due to demand of
food and bakery supplies has continued rising.
Subject also projected a
strong growth for
this year.
FINANCIAL INFORMATION
The capital was
registered at Bht. 1,000,000 divided
into 10,000 shares of Bht.
100 each.
On July 13, 2008,
the capital was increased
to Bht. 20,000,000 divided
into 200,000 shares of
Bht. 100 each.
On September 16, 2009, the
capital was increased
to Bht. 35,000,000 divided into
350,000 shares of
Bht. 100 each
with fully paid.
THE SHAREHOLDERS LISTED
WERE : [as
at April 30,
2013]
|
NAME |
HOLDING |
% |
|
|
|
|
|
Mrs. Petchara Ratanapoompinyo Nationality: Thai Address : 704
Pattanakarn Rd., Suanluang
Bangkok |
200,000 |
57.14 |
|
Dr. Janjida Ratanapoompinyo Nationality: Thai Address : 14
Soi 6, Seree
8 Rd., Suanluang,
Bangkok |
75,000 |
21.43 |
|
Ms. Sanatorn Ratanapoompinyo Nationality: Thai Address : 14
Soi 6, Seree
8 Rd., Suanluang,
Bangkok |
75,000 |
21.43 |
Total Shareholders : 3
Share Structure [as
at April 30,
2013]
|
Nationality |
Shareholders |
No. of Share |
% Shares |
|
|
|
|
|
|
Thai |
3 |
350,000 |
100.00 |
|
Foreign |
- |
- |
- |
|
Total |
3 |
350,000 |
100.00 |
NAME OF AUDITOR
& CERTIFIED PUBLIC
ACCOUNTANT NO. :
Ms. Preeya Vichitjamaree No.
1833
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 |
20,206,442.99 |
19,641,201.43 |
3,761,235.32 |
|
Short-term Investment-Fixed Account |
- |
- |
4,665,237.26 |
|
Trade Accounts Receivable |
355,774,395.10 |
306,669,222.94 |
252,856,283.83 |
|
Inventories |
195,593,468.27 |
143,040,010.65 |
121,642,139.59 |
|
Advance Deposit Goods |
12,933,482.30 |
13,510,884.03 |
|
|
Other Current Assets
|
14,208,975.35 |
11,511,097.99 |
6,546,519.39 |
|
|
|
|
|
|
Total Current Assets
|
598,716,764.01 |
494,372,417.04 |
389,471,415.39 |
|
Cash at Bank - Fixed Deposit
|
4,793,495.77 |
4,711,423.11 |
- |
|
Fixed Assets |
470,424,590.24 |
421,391,809.71 |
399,198,636.53 |
|
Long-term Lending to Director |
- |
- |
4,495,379.41 |
|
Deposit & Guarantee |
- |
13,510,884.03 |
8,039,562.00 |
|
Total Assets |
1,073,934,850.02 |
920,475,649.86 |
801,204,993.33 |
LIABILITIES &
SHAREHOLDERS' EQUITY [BAHT]
|
Current
Liabilities |
2012 |
2011 |
2010 |
|
|
|
|
|
|
Bank Overdraft &
Short-term Loans from Financial
Institutions |
40,848,350.29 |
30,000,000.00 |
6,779,536.66 |
|
Trade Accounts & Notes Payable |
335,479,558.46 |
329,510,474.48 |
268,794,652.46 |
|
Current Portion of
Long-term Loans |
13,935,624.55 |
12,903,233.66 |
24,156,000.00 |
|
Current Portion of Hire-purchase Payable |
- |
121,444.00 |
- |
|
Accrued Income Tax |
16,112,761.00 |
15,759,497.95 |
13,876,040.15 |
|
Other Current Liabilities |
76,693,939.72 |
40,867,509.89 |
33,243,424.47 |
|
|
|
|
|
|
Total Current Liabilities |
483,070,234.02 |
429,162,159.98 |
346,849,653.74 |
|
|
|
|
|
|
Long-term Loan from Financial Institutions |
9,751,300.13 |
33,355,532.58 |
40,980,255.63 |
|
Long-term Loan from Person and Related Company |
10,757,400.65 |
32,778.50 |
40,980,255.57 |
|
Lease Contract Liabilities |
121,444.00 |
598,860.00 |
1,398,044.00 |
|
Employee Benefit Obligation |
11,315,933.62 |
8,028,496.00 |
- |
|
Total Liabilities |
515,016,312.42 |
471,177,827.06 |
430,208,208.94 |
|
|
|
|
|
|
Shareholders' Equity |
|
|
|
|
|
|
|
|
|
Share capital : Baht 100
par value authorized, issued
and fully paid share capital
350,000 shares |
35,000,000.00 |
35,000,000.00 |
35,000,000.00 |
|
|
|
|
|
|
Capital Paid |
35,000,000.00 |
35,000,000.00 |
35,000,000.00 |
|
Retained Earning -
Unappropriated |
523,918,537.60 |
414,297,822.80 |
335,996,784.33 |
|
Total Shareholders' Equity |
558,918,537.60 |
449,297,822.80 |
370,996,784.33 |
|
Total Liabilities &
Shareholders' Equity |
1,073,934,850.02 |
920,475,649.86 |
801,204,993.33 |
PROFIT & LOSS ACCOUNT
|
Revenue |
2012 |
2011 |
2010 |
|
|
|
|
|
|
Sales |
1,250,770,069.41 |
1,096,631,666.10 |
940,785,376.57 |
|
Other Income |
93,498,655.32 |
33,858,210.46 |
22,844,014.72 |
|
Total Revenues |
1,344,268,724.73 |
1,130,489,876.56 |
963,629,391.29 |
|
Expenses |
|
|
|
|
|
|
|
|
|
Cost of Goods
Sold |
892,213,723.48 |
780,895,630.22 |
650,456,006.60 |
|
Selling Expenses |
150,251,032.19 |
128,554,368.30 |
149,409,949.95 |
|
Administrative Expenses |
161,518,894.42 |
107,860,078.87 |
83,527,444.50 |
|
Total Expenses |
1,203,983,650.09 |
1,017,310,077.39 |
883,393,401.05 |
|
|
|
|
|
|
Profit / [Loss] before Financial Cost &
Income Tax |
140,285,074.64 |
113,179,799.17 |
80,235,990.24 |
|
Financial Cost |
[2,685,480.28] |
[3,668,462.03] |
[4,032,374.74] |
|
Profit / [Loss] before Income Tax |
137,599,594.36 |
109,511,337.14 |
76,203,615.50 |
|
Income Tax |
[27,978,879.56] |
[31,210,298.73] |
[23,464,840.93] |
|
|
|
|
|
|
Net Profit / [Loss] |
109,620,714.80 |
78,301,038.41 |
52,738,774.57 |
FINANCIAL ANALYSIS
|
ITEM |
UNIT |
2012 |
2011 |
2010 |
|
|
|
|
|
|
|
LIQUIDITY RATIO |
|
|
|
|
|
CURRENT RATIO |
TIMES |
1.24 |
1.15 |
1.12 |
|
QUICK RATIO |
TIMES |
0.78 |
0.76 |
0.75 |
|
|
|
|
|
|
|
ACTIVITY RATIO |
|
|
|
|
|
FIXED ASSETS TURNOVER |
TIMES |
2.66 |
2.60 |
2.36 |
|
TOTAL ASSETS TURNOVER |
TIMES |
1.16 |
1.19 |
1.17 |
|
INVENTORY CONVERSION PERIOD |
DAYS |
80.02 |
66.86 |
68.26 |
|
INVENTORY TURNOVER |
TIMES |
4.56 |
5.46 |
5.35 |
|
RECEIVABLES CONVERSION PERIOD |
DAYS |
103.82 |
102.07 |
98.10 |
|
RECEIVABLES TURNOVER |
TIMES |
3.52 |
3.58 |
3.72 |
|
PAYABLES CONVERSION PERIOD |
DAYS |
137.24 |
154.02 |
150.83 |
|
CASH CONVERSION CYCLE |
DAYS |
46.60 |
14.91 |
15.53 |
|
|
|
|
|
|
|
PROFITABILITY
RATIO |
|
|
|
|
|
COST OF GOODS SOLD |
% |
71.33 |
71.21 |
69.14 |
|
SELLING & ADMINISTRATION |
% |
24.93 |
21.56 |
24.76 |
|
INTEREST |
% |
0.21 |
0.33 |
0.43 |
|
GROSS PROFIT MARGIN |
% |
36.14 |
31.88 |
33.29 |
|
NET PROFIT MARGIN BEFORE EX. ITEM |
% |
11.22 |
10.32 |
8.53 |
|
NET PROFIT MARGIN |
% |
8.76 |
7.14 |
5.61 |
|
RETURN ON EQUITY |
% |
19.61 |
17.43 |
14.22 |
|
RETURN ON ASSET |
% |
10.21 |
8.51 |
6.58 |
|
EARNING PER SHARE |
BAHT |
313.20 |
223.72 |
150.68 |
|
|
|
|
|
|
|
LEVERAGE RATIO |
|
|
|
|
|
DEBT RATIO |
TIMES |
0.48 |
0.51 |
0.54 |
|
DEBT TO EQUITY RATIO |
TIMES |
0.92 |
1.05 |
1.16 |
|
TIME INTEREST EARNED |
TIMES |
52.24 |
30.85 |
19.90 |
|
|
|
|
|
|
|
ANNUAL GROWTH |
|
|
|
|
|
SALES GROWTH |
% |
14.06 |
16.57 |
|
|
OPERATING PROFIT |
% |
23.95 |
41.06 |
|
|
NET PROFIT |
% |
40.00 |
48.47 |
|
|
FIXED ASSETS |
% |
11.64 |
5.56 |
|
|
TOTAL ASSETS |
% |
16.67 |
14.89 |
|
ANNUAL GROWTH :
EXCELLENT
An annual sales growth is 14.06%. Turnover has increased from THB 1,096,631,666.10
in 2011 to THB 1,250,770,069.41 in 2012. While net profit has increased from
THB 78,301,038.41 in 2011 to THB 109,620,714.80 in 2012. And total assets has
increased from THB 920,475,649.86 in 2011 to THB 1,073,934,850.02 in 2012.
PROFITABILITY :
EXCELLENT
PROFITABILITY
RATIO
|
Gross Profit Margin |
36.14 |
Impressive |
Industrial
Average |
17.01 |
|
Net Profit Margin |
8.76 |
Impressive |
Industrial
Average |
1.77 |
|
Return on Assets |
10.21 |
Impressive |
Industrial
Average |
6.49 |
|
Return on Equity |
19.61 |
Impressive |
Industrial
Average |
18.53 |
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 36.14%. 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 8.76%, higher figure when
compared with those of its average competitors in the same industry, indicated
that business was an efficient operator
in a dominant position within its industry.
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. Return on Assets ratio is 10.21%,
higher figure when compared with those of its average competitors in the same
industry, indicated that business was an efficient profit in a dominant
position within its industry.
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. Return on Equity ratio
is 19.61%, higher figure when compared with those of its average competitors in
the same industry, indicated that business was an efficient profit in a dominant position within its industry.
Trend of the
average competitors in the same industry for last 5 years
Return on Assets Uptrend
Return on Equity Uptrend
LIQUIDITY :
SATISFACTORY
LIQUIDITY RATIO
|
Current Ratio |
1.24 |
Impressive |
Industrial
Average |
1.17 |
|
Quick Ratio |
0.78 |
|
|
|
|
Cash Conversion Cycle |
46.60 |
|
|
|
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 1.24 times in 2012, increased from 1.15 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 higher, indicated that company
was an efficient operator in a dominant position within its industry.
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 0.78 times in 2012,
increased from 0.76 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 47 days.
Trend of the
average competitors in the same industry for last 5 years
Current Ratio Downtrend
LEVERAGE :
EXCELLENT
LEVERAGE RATIO
|
Debt Ratio |
0.48 |
Impressive |
Industrial
Average |
0.64 |
|
Debt to Equity Ratio |
0.92 |
Impressive |
Industrial
Average |
1.77 |
|
Times Interest Earned |
52.24 |
Impressive |
Industrial
Average |
0.86 |
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 52.24 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 0.48 less than 0.5, most of the company's
assets are financed through equity.
Trend of the
average competitors in the same industry for last 5 years
Debt Ratio Downtrend
Times Interest Earned Downtrend
ACTIVITY : RISKY
ACTIVITY RATIO
|
Fixed Assets Turnover |
2.66 |
Acceptable |
Industrial
Average |
4.12 |
|
Total Assets Turnover |
1.16 |
Deteriorated |
Industrial
Average |
3.77 |
|
Inventory Conversion Period |
80.02 |
|
|
|
|
Inventory Turnover |
4.56 |
Deteriorated |
Industrial
Average |
11.58 |
|
Receivables Conversion Period |
103.82 |
|
|
|
|
Receivables Turnover |
3.52 |
Acceptable |
Industrial
Average |
5.83 |
|
Payables Conversion Period |
137.24 |
|
|
|
The company's Account Receivable Ratio is calculated as 3.52 and 3.58 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 67 days at the
end of 2011 to 80 days at the end of 2012. This represents a negative trend.
And Inventory turnover has decreased from 5.46 times in year 2011 to 4.56 times
in year 2012.
The company's Total Asset Turnover is calculated as 1.16 times and 1.19 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.66.57 |
|
|
1 |
Rs.103.34 |
|
Euro |
1 |
Rs.88.16 |
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.