MIRA
INFORM REPORT
|
Report Date : |
02.12.2013 |
IDENTIFICATION DETAILS
|
Name : |
UIP
CO., LTD. |
|
|
|
|
Registered Office : |
390/22 Moo 7, Teparak Road, T. Teparak, A. Muang, Samutprakarn 10270 |
|
|
|
|
Country : |
Thailand |
|
|
|
|
Financials (as on) : |
30.06.2012 |
|
|
|
|
Date of Incorporation : |
25.09.1990 |
|
|
|
|
Com. Reg. No.: |
0105533115551 |
|
|
|
|
Legal Form : |
Private
Limited Company |
|
|
|
|
Line of Business : |
manufacturing, distributing and
exporting various kinds
of industrial gloves, such
as knit gloves,
knit gloves with
PVC coated, leather
gloves, nitrile gloves,
as well as
cotton yarn, polyester
yarn and dry
yarn masks. |
|
|
|
|
No. of Employees : |
70 |
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 : |
Good |
|
|
|
|
Payment Behaviour : |
Regular |
|
|
|
|
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 – September 30th, 2013
|
Country Name |
Previous Rating (30.06.2013) |
Current Rating (30.09.2013) |
|
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
UIP CO., LTD.
SUMMARY
BUSINESS
ADDRESS : 390/22 MOO
7, TEPARAK ROAD, T. TEPARAK,
A.
MUANG, SAMUTPRAKARN 10270
TELEPHONE : [66] 2753-4879,
2753-4662
FAX :
[66] 2753-4626
E-MAIL
ADDRESS : uipglove@gmail.com
REGISTRATION
ADDRESS : SAME
AS BUSINESS ADDRESS
ESTABLISHED
: 1990
REGISTRATION
NO. : 0105533115551
TAX
ID NO. : 3101893366
CAPITAL REGISTERED : BHT. 65,000,000
CAPITAL PAID-UP : BHT.
65,000,000
SHAREHOLDER’S PROPORTION : THAI : 100%
FISCAL YEAR CLOSING DATE : JUNE
30
LEGAL
STATUS : PRIVATE LIMITED
COMPANY
EXECUTIVE : MR. SUCHIN CHOKSUKCHALALAI, THAI
MANAGING DIRECTOR
NO.
OF STAFF : 70
LINES
OF BUSINESS : INDUSTRIAL GLOVES
AND OTHER PRODUCTS
MANUFACTURER, 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 September 25,
1990 as a private
limited company under the
registered name UIP
CO., LTD., by
Thai group, the
Choksukchalalai family, with
the business objective
to manufacture and
distribute industrial gloves
and other products
to both domestic and
international markets. It
currently employs approximately
70 staff.
The
subject’s registered address
is 390/22 Moo
7, Teparak Road,
T. Teparak, A. Muang, Samutprakarn 10270,
and this is the subject’s
current operation address.
THE BOARD
OF DIRECTOR
|
Name |
|
Nationality |
Age |
|
|
|
|
|
|
Mr. Suchin Choksukchalalai |
[x] |
Thai |
85 |
|
Mrs. Patcharin Choksukchalalai |
|
Thai |
81 |
|
Mr. Tharit [Boonchu] Choksukchalalai |
[x] |
Thai |
42 |
|
Mr. Boonkerd Choksukchalalai |
[x] |
Thai |
46 |
|
Ms. Arene Choksukchalalai |
|
Thai |
49 |
|
Ms. Nutcha Choksukchalalai |
|
Thai |
51 |
Note.
Mr. Boonchu Choksukchalalai changed
his name to Mr.
Tharit Choksukchalalai on June
6, 2008.
AUTHORIZED PERSON
Anyone of the
mentioned directors [x] can
sign on behalf
of the subject
with company’s affixed.
MANAGEMENT
Mr. Suchin Choksukchalalai is
the Managing Director.
He is Thai
nationality with the
age of 85
years old.
Mr. Tharit Choksukchalalai is
the General Manager.
He is Thai
nationality with the
age of 42
years old.
BUSINESS OPERATIONS
The subject
is engaged in manufacturing,
distributing and exporting
various kinds of industrial
gloves, such as
knit gloves, knit
gloves with PVC
coated, leather gloves,
nitrile gloves, as
well as cotton
yarn, polyester yarn
and dry yarn
masks.
PURCHASE
Raw materials are
purchased from suppliers
both domestic and
overseas, mainly in
Republic of China,
India and Australia.
SALES
70% of the
products is sold
locally to wholesalers,
manufacturers and end-users,
the remaining 30%
is exported to
U.S.A., Australia, Japan,
Taiwan, Hong Kong,
Republic of China,
Malaysia, Indonesia and
the countries in
Europe.
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.
Exports are against
T/T.
BANKING
Bangkok
Bank Public Co.,
Ltd.
EMPLOYMENT
The
subject currently employs
approximately 70 staff.
LOCATION
DETAILS
The
premise is owned
for administrative office,
factory and warehouse
at the heading
address. Premise is
located in provincial,
on the outskirts
of Bangkok.
Branches:
-
178/2
Moo 1, Bangna-Trad
Rd., T. Klongtamru,
A. Muang, Chonburi
20000.
-
61/11
Moo 1, Sukhumvit
Rd., T. Samed, A. Muang,
Chonburi 20130.
-
326/17
Moo 3, Soi
Suksawad 2, Suksawad
Rd., Jomthong, Bangkok
10150.
COMMENT
The subject
is a manufacturer,
distributor and exporter
of industrial gloves
and masks to
both domestic and
international markets. The
products from Thailand
are favorable in
international markets. The
subject’s business in
the past year
was moderate, as
well as current
business is promising.
FINANCIAL INFORMATION
The
capital was registered
at Bht. 1,000,000
divided into 10,000
shares of Bht.
100 each with
fully paid.
The
capital was increased
later as follows:
Bht. 4,000,000
on June 9,
1993
Bht. 10,000,000
on December 18,
1995
Bht. 20,000,000
on November 21,
1997
Bht. 30,000,000
on February 10,
2000
Bht. 65,000,000
on May 30,
2000
The
latest registered capital
was increased to Bht.
65,000,000 divided into
650,000 shares of
Bht. 100 each with
fully paid.
THE
SHAREHOLDERS LISTED WERE
: [as at
October 31, 2012]
|
NAME |
HOLDING |
% |
|
|
|
|
|
Mr. Suchin Choksukchalalai Nationality: Thai Address : 61/11
Moo 1, Sukhumvit
Road, T.
Samed, A. Muang, Chonburi
|
240,000 |
36.92 |
|
Mrs. Patcharin Choksukchalalai Nationality: Thai Address : 229
Moo 1, Liangmuang
Road, T.
Klongtamru, A. Muang, Chonburi
|
140,000 |
21.54 |
|
Mr. Boonkerd Chokchalalai Nationality: Thai Address :
9/108 Puthabucha Road,
Bangmod,
Jomthong, Bangkok |
60,000 |
9.24 |
|
Mr. Boonchu Choksukchalalai Nationality: Thai Address : 390/22
Moo 7, Teparak
Road, T. Teparak, A.
Muang, Samutprakarn |
60,000 |
9.24 |
|
Ms. Nutcha Choksukchalalai Nationality: Thai Address : 178/2
Moo 1, Bangna-Trad
Road, T.
Klongtamru, A. Muang, Chonburi
|
45,000 |
6.92 |
|
Ms. Pida Choksukchalalai Nationality: Thai Address : 2120/23
Chan Road, Chongnonsi,
Yannawa, Bangkok |
45,000 |
6.92 |
|
Ms. Arene Choksukchalalai Nationality: Thai Address : 333/1
Moo 3, Suksawad
Road, Jomthong, Bangkok |
45,000 |
6.92 |
|
Ms. Dalad Choksukchalalai Nationality: Thai Address : 178/2
Moo 1, Bangna-Trad
Road, T.
Klongtamru, A. Muang, Chonburi
|
15,000 |
2.30 |
Total Shareholders : 8
Share Structure [as
at October 31, 2012]
|
Nationality |
Shareholders |
No. of Share |
% Shares |
|
|
|
|
|
|
Thai |
8 |
650,000 |
100.00 |
|
Foreign |
- |
- |
- |
|
Total |
8 |
650,000 |
100.00 |
NAME OF AUDITOR
& CERTIFIED PUBLIC
ACCOUNTANT NO. :
Ms. Panisara Viwitsunthornwong No.
8580
BALANCE SHEET [BAHT]
The latest financial figures published
as at June
30, 2012, 2011
& 2010 were:
ASSETS
|
Current Assets |
2012 |
2011 |
2010 |
|
|
|
|
|
|
Cash and Cash Equivalents |
3,611,485.93 |
1,150,196.55 |
779,010.40 |
|
Trade Accounts Receivable
|
8,368,778.98 |
5,264,500.41 |
7,060,370.46 |
|
Other Receivable |
830,691.76 |
711,219.67 |
- |
|
Inventories |
26,517,359.30 |
29,538,917.31 |
23,491,523.42 |
|
Other Current Assets
|
- |
- |
879,238.01 |
|
|
|
|
|
|
Total Current Assets
|
39,328,315.97 |
36,664,833.94 |
32,210,142.29 |
|
Other Long-term Investment
|
287,500.00 |
285,000.00 |
252,610.00 |
|
Fixed Assets |
10,013,758.34 |
11,461,784.61 |
13,558,369.16 |
|
Other Non-current Assets |
17,790.15 |
17,790.15 |
- |
|
Total Assets |
49,647,364.46 |
48,429,408.70 |
46,021,121.45 |
LIABILITIES &
SHAREHOLDERS’ EQUITY [BAHT]
|
Current Liabilities |
2012 |
2011 |
2010 |
|
|
|
|
|
|
Trade Accounts Payable
|
10,293,849.19 |
10,648,813.73 |
8,166,687.59 |
|
Other Payable |
674,035.24 |
529,771.59 |
- |
|
Current Portion of
Hire-purchase Payable |
88,843.44 |
- |
21,004.82 |
|
Accrued Income Tax |
105,495.34 |
61,130.44 |
- |
|
Other Current Liabilities |
- |
- |
1,026,763.63 |
|
|
|
|
|
|
Total Current Liabilities |
11,161,923.21 |
11,239,715.76 |
9,214,456.04 |
|
Long-term Loan from Person Related |
4,980,000.00 |
4,350,000.00 |
4,350,000.00 |
|
Hire-purchase Payable, Net of Current Portion |
236,915.91 |
- |
- |
|
Total Liabilities |
16,378,839.12 |
15,589,715.76 |
13,564,456.04 |
|
|
|
|
|
|
Shareholders' Equity |
|
|
|
|
|
|
|
|
|
Share capital : Baht 100
par value authorized, issued
and fully paid share
capital 650,000 shares |
65,000,000.00 |
65,000,000.00 |
65,000,000.00 |
|
|
|
|
|
|
Capital Paid |
65,000,000.00 |
65,000,000.00 |
65,000,000.00 |
|
Gain (loss) Unrealized |
2,500.00 |
32,390.00 |
- |
|
Retained Earning Unappropriated [Deficit] |
[31,733,974.66] |
[32,192,697.06] |
[32,543,334.59] |
|
Total Shareholders' Equity |
33,268,525.34 |
32,839,692.94 |
32,456,665.41 |
|
Total Liabilities & Shareholders' Equity |
49,647,364.46 |
48,429,408.70 |
46,021,121.45 |
PROFIT &
LOSS ACCOUNT
|
Revenue |
2012 |
2011 |
2010 |
|
|
|
|
|
|
Sales Income |
58,929,434.14 |
45,466,539.16 |
41,872,746.92 |
|
Other Income |
509,745.42 |
585,478.02 |
422,838.75 |
|
Total Revenues |
59,439,179.56 |
46,052,017.18 |
42,295,585.67 |
|
Expenses |
|
|
|
|
|
|
|
|
|
Cost of Goods
Sold |
52,816,895.22 |
39,990,699.50 |
35,720,443.14 |
|
Selling Expenses |
130,105.00 |
156,760.00 |
93,260.00 |
|
Administrative Expenses |
5,823,190.78 |
5,376,049.01 |
6,124,519.81 |
|
Total Expenses |
58,770,191.00 |
45,523,508.51 |
41,938,222.95 |
|
|
|
|
|
|
Profit / [Loss] before Financial Cost & Income
Tax |
668,988.56 |
528,508.67 |
357,362.72 |
|
Financial Cost |
[4,092.98] |
[12,654.65] |
[19,415.79] |
|
Profit / [Loss] before Income Tax |
664,895.58 |
515,854.02 |
337,946.93 |
|
Income Tax |
[206,173.18] |
[165,216.49] |
[123,146.03] |
|
|
|
|
|
|
Net Profit / [Loss] |
458,722.40 |
350,637.53 |
214,800.90 |
FINANCIAL ANALYSIS
|
ITEM |
UNIT |
2012 |
2011 |
2010 |
|
|
|
|
|
|
|
LIQUIDITY RATIO |
|
|
|
|
|
CURRENT RATIO |
TIMES |
3.52 |
3.26 |
3.50 |
|
QUICK RATIO |
TIMES |
1.15 |
0.63 |
0.85 |
|
|
|
|
|
|
|
ACTIVITY RATIO |
|
|
|
|
|
FIXED ASSETS TURNOVER |
TIMES |
5.88 |
3.97 |
3.09 |
|
TOTAL ASSETS TURNOVER |
TIMES |
1.19 |
0.94 |
0.91 |
|
INVENTORY CONVERSION PERIOD |
DAYS |
183.25 |
269.61 |
240.04 |
|
INVENTORY TURNOVER |
TIMES |
1.99 |
1.35 |
1.52 |
|
RECEIVABLES CONVERSION PERIOD |
DAYS |
51.83 |
42.26 |
61.54 |
|
RECEIVABLES TURNOVER |
TIMES |
7.04 |
8.64 |
5.93 |
|
PAYABLES CONVERSION PERIOD |
DAYS |
71.14 |
97.19 |
83.45 |
|
CASH CONVERSION CYCLE |
DAYS |
163.95 |
214.68 |
218.14 |
|
|
|
|
|
|
|
PROFITABILITY
RATIO |
|
|
|
|
|
COST OF GOODS SOLD |
% |
89.63 |
87.96 |
85.31 |
|
SELLING & ADMINISTRATION |
% |
10.10 |
12.17 |
14.85 |
|
INTEREST |
% |
0.01 |
0.03 |
0.05 |
|
GROSS PROFIT MARGIN |
% |
11.24 |
13.33 |
15.70 |
|
NET PROFIT MARGIN BEFORE EX. ITEM |
% |
1.14 |
1.16 |
0.85 |
|
NET PROFIT MARGIN |
% |
0.78 |
0.77 |
0.51 |
|
RETURN ON EQUITY |
% |
1.38 |
1.07 |
0.66 |
|
RETURN ON ASSET |
% |
0.92 |
0.72 |
0.47 |
|
EARNING PER SHARE |
BAHT |
0.71 |
0.54 |
0.33 |
|
|
|
|
|
|
|
LEVERAGE RATIO |
|
|
|
|
|
DEBT RATIO |
TIMES |
0.33 |
0.32 |
0.29 |
|
DEBT TO EQUITY RATIO |
TIMES |
0.49 |
0.47 |
0.42 |
|
TIME INTEREST EARNED |
TIMES |
163.45 |
41.76 |
18.41 |
|
|
|
|
|
|
|
ANNUAL GROWTH |
|
|
|
|
|
SALES GROWTH |
% |
29.61 |
8.58 |
|
|
OPERATING PROFIT |
% |
26.58 |
47.89 |
|
|
NET PROFIT |
% |
30.83 |
63.24 |
|
|
FIXED ASSETS |
% |
(12.63) |
(15.46) |
|
|
TOTAL ASSETS |
% |
2.51 |
5.23 |
|
ANNUAL GROWTH :
IMPRESSIVE
An annual sales growth is 29.61%. Turnover has increased from THB
45,466,539.16 in 2011 to THB 58,929,434.14 in 2012. While net profit has increased
from THB 350,637.53 in 2011 to THB 458,722.40 in 2012. And total assets has
increased from THB 48,429,408.70 in 2011 to THB 49,647,364.46 in 2012.
PROFITABILITY :
IMPRESSIVE
PROFITABILITY
RATIO
|
Gross Profit Margin |
11.24 |
Deteriorated |
Industrial Average |
23.46 |
|
Net Profit Margin |
0.78 |
Impressive |
Industrial Average |
(0.54) |
|
Return on Assets |
0.92 |
Impressive |
Industrial Average |
(0.54) |
|
Return on Equity |
1.38 |
Impressive |
Industrial Average |
(1.84) |
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 11.24%. 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 0.78%,
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 0.92%, 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 1.38%, 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 Downtrend
Return on Equity Downtrend
LIQUIDITY :
ACCEPTABLE
LIQUIDITY RATIO
|
Current Ratio |
3.52 |
Impressive |
Industrial Average |
1.43 |
|
Quick Ratio |
1.15 |
|
|
|
|
Cash Conversion Cycle |
163.95 |
|
|
|
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 3.52 times in 2012, increased from 3.26 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 1.15 times in 2012,
increased from 0.63 times, although excluding inventory so the company still
have good short-term financial strength.
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 164 days.
Trend of the
average competitors in the same industry for last 5 years
Current Ratio Uptrend
LEVERAGE :
EXCELLENT
LEVERAGE RATIO
|
Debt Ratio |
0.33 |
Impressive |
Industrial Average |
0.71 |
|
Debt to Equity Ratio |
0.49 |
Impressive |
Industrial Average |
2.44 |
|
Times Interest Earned |
163.45 |
Impressive |
Industrial Average |
- |
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 163.45 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 0.33 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 Uptrend
Times Interest Earned Stable
ACTIVITY :
EXCELLENT
ACTIVITY RATIO
|
Fixed Assets Turnover |
5.88 |
Impressive |
Industrial Average |
- |
|
Total Assets Turnover |
1.19 |
Impressive |
Industrial Average |
0.99 |
|
Inventory Conversion Period |
183.25 |
|
|
|
|
Inventory Turnover |
1.99 |
Impressive |
Industrial Average |
1.90 |
|
Receivables Conversion Period |
51.83 |
|
|
|
|
Receivables Turnover |
7.04 |
Impressive |
Industrial Average |
1.39 |
|
Payables Conversion Period |
71.14 |
|
|
|
The company's Account Receivable Ratio is calculated as 7.04 and 8.64 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 decreased from 270 days at the
end of 2011 to 183 days at the end of 2012. This represents a positive trend.
And Inventory turnover has increased from 1.35 times in year 2011 to 1.99 times
in year 2012.
The company's Total Asset Turnover is calculated as 1.19 times and 0.94
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 Stable
Total Assets Turnover Uptrend
Inventory Turnover Uptrend
Receivables Turnover Uptrend
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.62.39 |
|
UK Pound |
1 |
Rs.102.06 |
|
Euro |
1 |
Rs.84.98 |
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.