MIRA INFORM REPORT

 

 

Report Date :

03.12.2013

 

IDENTIFICATION DETAILS

 

Name :

CHEMICAL MARKET DEVELOPMENT AND INVESTMENT CO LTD

 

 

Registered Office :

Suite 135 TT3 My Dinh - Me Tri New Urban Area My Dinh Commune, Tu Liem, Hanoi

 

 

Country :

Vietnam

 

 

Financials (as on) :

December 2012

 

 

Date of Incorporation :

14.04.2010

 

 

Legal Form :

Private Company with Limited Liability

 

 

Line of Business :

·         Supply of chemicals and technology consulting services in the industry using chemicals.

provider of chemicals and additives including paint, printing ink, plastic, rubber, textile, paper, candle, glass, pottery, food, feeds, cosmetic, medicine, and metal finishing (polishing stainless steel, electroplating and anti-corrosion coating).

 

 

No. of Employees :

36

 

RATING & COMMENTS

 

MIRA’s Rating :

Ba

 

RATING

TATUS

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 – September 30th, 2013

 

Country Name

Previous Rating

(30.06.2013)

Current Rating

(30.09.2013)

Vietnam

B1

B1

 

Risk Category

ECGC Classification

 

Insignificant

 

A1

Low

 

A2

Moderate

 

B1

High

 

B2

Very High

 

C1

Restricted

 

C2

Off-credit

 

D

 

 

vietnam ECONOMIC OVERVIEW

 

Vietnam is a densely-populated developing country that has been transitioning from the rigidities of a centrally-planned economy since 1986. Vietnamese authorities have reaffirmed their commitment to economic modernization in recent years. Vietnam joined the World Trade Organization in January 2007, which has promoted more competitive, export-driven industries. Vietnam became an official negotiating partner in the Trans-Pacific Partnership trade agreement in 2010. Agriculture's share of economic output has continued to shrink from about 25% in 2000 to less than 22% in 2012, while industry's share increased from 36% to nearly 41% in the same period. State-owned enterprises account for roughly 40% of GDP. Poverty has declined significantly, and Vietnam is working to create jobs to meet the challenge of a labor force that is growing by more than one million people every year. The global recession hurt Vietnam's export-oriented economy, with GDP in 2012 growing at 5%, the slowest rate of growth since 1999. In 2012, however, exports increased by more than 18%, year-on-year; several administrative actions brought the trade deficit back into balance. Between 2008 and 2011, Vietnam's managed currency, the dong, was devalued in excess of 20%, but its value remained stable in 2012. Foreign direct investment inflows fell 4.5% to $10.5 billion in 2012. Foreign donors have pledged $6.5 billion in new development assistance for 2013. Hanoi has oscillated between promoting growth and emphasizing macroeconomic stability in recent years. In February 2011, the Government shifted policy away from policies aimed at achieving a high rate of economic growth, which had stoked inflation, to those aimed at stabilizing the economy, through tighter monetary and fiscal control. Although Vietnam unveiled a broad, "three pillar" economic reform program in early 2012, proposing the restructuring of public investment, state-owned enterprises, and the banking sector, little perceptible progress had been made by early 2013. Vietnam's economy continues to face challenges from an undercapitalized banking sector. Non-performing loans weigh heavily on banks and businesses. In September 2012, the official bad debt ratio climbed to 8.8%, though some independent analysts believe it could be higher than 15%.

 

Source : CIA

 

REGISTERED NAME & COMPANY SUMMARY

 

Company Details

Organization Name

:

CHEMICAL MARKET DEVELOPMENT AND INVESTMENT CO LTD

Address

:

Suite 135 TT3 My Dinh - Me Tri New Urban Area My Dinh Commune, Tu Liem, Hanoi

Country

:

Vietnam

Phone (S)

:

[+84] 4-37473004

Facsimile

:

[+84] 4-37472979

Email

:

info@mdi.vn

Website

:

http://www.mdi.vn

Primary Business Activity

:

Importer

Key Industry

:

Chemicals

 

Key Facts

 

Registered Legal Address

:

Suite 135 TT3 My Dinh - Me Tri New Urban Area My Dinh Commune, Tu Liem, Hanoi

Operational Address

:

Suite 135 TT3 My Dinh - Me Tri New Urban Area My Dinh Commune, Tu Liem, Hanoi

Trading Name

:

MDI CHEMICAL

Issuing Authority

:

Dept. of Planning & Investment - Hanoi

License Number

:

0101539599

License Status

:

License exists - Normal.

Legal Form - Category

:

Private Company with Limited Liability

Legal Form

:

Company Limited

Legal Form - Abbreviation

:

CO LTD

Operational Status of Business

:

Normal

Date of Registration

:

14 Apr, 2010

Employees

:

36

Capital

:

US$ 473,700

 

 

Report Details

 

 

Country

:

Vietnam

Business Entity Name

:

CHEMICAL MARKET DEVELOPMENT AND INVESTMENT CO LTD

Primary Business Activity

:

Importer

Primary Industry

:

Chemicals

Office Contact Details

Operating Address

:

Suite 135 TT3 My Dinh - Me Tri New Urban Area My Dinh Commune, Tu Liem, Hanoi

Tel

:

[+84] 4-37473004

 

:

[+84] 4-37472977

 

:

[+84] 4-37472978

Fax

:

[+84] 4-37472979

Email

:

info@mdi.vn

Website Details

Website

:

http://www.mdi.vn

Status

:

Normal - operational

Country of Registration

:

Vietnam

Ownership Type

:

Registered ownership by Subject Business Entity

 

DIRECTORS/MANAGEMENT

 

Key Person

Legal Title

:

Chairman

Name

:

Mr. Tran Binh An

Nationality

:

Vietnamese

 

 

COMPANY MANAGEMENT

 

 

 

Management Listings

 

 

Name

Nationality

Job Description

Dept. / Division

1

Ms. Bui Thuy Ha

Vietnamese

Managing Director

-

2

Mr. Vu Tung Lam

Vietnamese

Deputy Managing Director

-

3

Ms. Pham Thi Phuc

Vietnamese

Chief Accountant

-

 

 

Management Details - 1

Personal Unique Identifier

:

MI03467781

Name

:

Ms. Bui Thuy Ha

 

Date of Birth

:

1972

 

 

Management Details - 2

Personal Unique Identifier

:

MI03467861

Name

:

Mr. Vu Tung Lam

 

Date of Birth

:

1971

 

 

Management Details – 3

Personal Unique Identifier

:

MI03467865

Name

:

Ms. Pham Thi Phuc

 

Date of Birth

:

1973

 

COMPANY DIRECTORS

 

1

 

 

Personal Unique Identifier

:

MI03467858

Name

:

Mr. Tran Binh An

Date of Birth

:

1962

Nationality

:

Vietnamese

 

2

 

 

Personal Unique Identifier

:

MI03467781

Name

:

Ms. Bui Thuy Ha

Date of Birth

:

1972

Nationality

:

Vietnamese

 

NEGATIVE INFORMATION

 

 

REPUTATION

 

Reference checking for the purpose of establishing the CHEMICAL MARKET DEVELOPMENT AND INVESTMENT CO LTD's reputation within the respective industry failed to reveal any adverse information.

 

 

NEGA-SCAN - ADVERSE DATA MONITORING

 

 

DISHONORED CHECKS

 

No Record Found

 

 

DEBT

 

No Record Found

 

 

LITIGATION

 

No Record Found

 

 

PERFORMANCE DEFAULTS

 

No Record Found

 

 

ADVERSE LOCAL MEDIA COVERAGE / ADVERSE FILING HISTORY

 

No Record Found

 

 

SHARE & SHARE CAPITAL INFORMATION

 

 

CAPITAL (Currency: VND - Vietnam Dong)

 

Authorized Capital

:

10,000,000,000

 

Date

Authorized Capital - History

22 Sep, 2004

5,000,000,000

2012

10,000,000,000

 

SHAREHOLDERS

 

Total number of shareholders

:

2

Total number of shares

:

n/a

 

Currency

:

VND - Vietnam Dong

 

No.

Shareholders

Country

Shares

Number

Amount (VND)

%

1

Mr. Tran Binh An

Vietnam

n/a

n/a

55.00

2

Ms. Bui Thuy Ha

Vietnam

n/a

n/a

45.00

Total

n/a

n/a

100.00

 

 

Based on corporate statutory laws / regulations in Vietnam, there is no requirement for public disclosure of Shareholders. In this case, the Shareholders information was supplied by the Subject Business Entity.
However in the absence of data normally obtained from local Statutory Authorities, it is not possible to verify the accuracy of data supplied and hence is provided as reference ONLY.

 

PAYMENT INFORMATION

 

 

PAYMENT TERMS

 

Selling

 

Type

Terms

Local

Cash on delivery (COD)

Credit - Secured with Post-dated checks 30~60 days

 

Purchasing

 

Type

Terms

Local

Cash on delivery (COD)

Credit - Secured with Post-dated checks 30~60 days

Import

Letter of Credit (At-sight)

Telegraphic Transfer (T/T) - Executed at time of transaction


FINANCIAL INFORMATION

 

Financials - Summary  (Currency: USD - US Dollar)

Year

Sales

Assets

Net Income

2011 Annual  

9,492,463

4,182,237

31,781

2012 Annual  

12,301,377

5,459,921

393,572

 

Sales Trend – Analysis

2003

2004

2005

2006

2007

2008

2009

2010

2011

2012

-

-

-

-

-

-

-

-

-

 

 

FINANCIAL STATEMENT - DETAILED

 

 

 

Balance Sheet

 

Currency

:

VND

Denomination

:

1

Financial Year Ending

:

December

 

Financial Highlights

2011 Annual

2012 Annual

Current Assets

82,210,000,000

100,621,000,000

Non Current Assets

4,906,000,000

-

Non Current Liabilities

375,000,000

0

Share Capital

5,000,000,000

10,000,000,000

Other long term assets 

Total Assets

87,116,000,000

113,701,000,000

Total Liabilities

79,442,000,000

82,273,000,000

Current Liabilities

79,067,000,000

82,273,000,000

Long term liabilities 

Shareholders Funds

7,674,000,000

31,428,000,000

 

Assets 

Current assets & short term investments

82,210,000,000

100,621,000,000

Cash & cash equivalents

3,586,000,000

4,071,000,000

Cash

3,586,000,000

4,071,000,000

Short term investments

6,960,000,000

-

Short term securities investments

6,960,000,000

-

Accounts receivable

40,467,000,000

46,477,000,000

Accounts receivable trade

22,399,000,000

37,627,000,000

Trade prepayment

15,089,000,000

8,850,000,000

Inter company receivables

1,614,000,000

-

Others receivables

1,745,000,000

-

Provision for bad debts

(380,000,000)

-

Inventories

30,400,000,000

49,779,000,000

I. Inventories

31,390,000,000

49,779,000,000

Provision for decline in inventory

(990,000,000)

-

Other short term asset

797,000,000

294,000,000

Prepaid expenses

-

98,000,000

VAT deductible

49,000,000

183,000,000

I. Other short term asset

748,000,000

13,000,000

Long term assets

4,906,000,000

13,080,000,000

Accounts of long term receivable

-

8,649,000,000

Long term inter company receivables

-

8,649,000,000

Fixed assets

3,575,000,000

3,149,000,000

Tangible fixed assets

3,575,000,000

2,510,000,000

Cost

5,817,000,000

5,823,000,000

Accumulated depreciation

2,242,000,000

3,313,000,000

Construction in progress

-

639,000,000

Other long term assets

1,331,000,000

1,282,000,000

Long term prepayments

581,000,000

532,000,000

I. Other long term assets

750,000,000

750,000,000

Total assets

87,116,000,000

113,701,000,000

Liabilities

79,442,000,000

82,273,000,000

Current liabilities

79,067,000,000

82,273,000,000

Short term borrowings

55,050,000,000

77,452,000,000

Accounts payables-trade

13,678,000,000

3,172,000,000

Advances from customers

7,738,000,000

1,456,000,000

Taxes and payable to state budget

452,000,000

72,000,000

Accrued expenses payable

-

8,000,000

Inter company payable

1,649,000,000

-

Other payables

500,000,000

113,000,000

Long term liabilities

375,000,000

-

Long term borrowings

375,000,000

-

Owner's equity

7,674,000,000

31,428,000,000

Business capital

5,000,000,000

10,000,000,000

Retained earnings

2,674,000,000

21,428,000,000

Total resources

87,116,000,000

113,701,000,000

 

 

Income Statement

 

Currency

:

VND

Denomination

:

1

Financial Year Ending

:

December

 

Financial Highlights

2011 Annual

2012 Annual

Turnover

197,728,000,000

256,172,000,000

Profit (Loss) Before Tax

802,000,000

8,349,000,000

Profit After Tax attributable to Shareholders

662,000,000

8,196,000,000

 

Gross sales

197,728,000,000

256,172,000,000

Less deductions

1,002,000,000

90,000,000

Net income

196,726,000,000

256,082,000,000

Cost of goods sold

170,883,000,000

222,467,000,000

Gross margin

25,843,000,000

33,615,000,000

Income from financial activities

684,000,000

156,000,000

Expenses from financial activities

11,137,000,000

11,193,000,000

In which: Interest expenses

-

10,509,000,000

Selling expenses

4,929,000,000

4,835,000,000

General & administration expenses

10,389,000,000

9,454,000,000

Net income from operating activities

72,000,000

8,289,000,000

Extraordinary income

731,000,000

76,000,000

Extraordinary expenses

1,000,000

16,000,000

Extraordinary gains

730,000,000

60,000,000

Net profit before tax

802,000,000

8,349,000,000

Income tax

140,000,000

153,000,000

Net profit after tax

662,000,000

8,196,000,000

 

 

Financial Ratios

 

Financial Highlights

2011 Annual

2012 Annual

Growth % 

Year-on-Year Growth

-

29.56

Profitability 

Profit Margin (%)

0.33

3.20

Return on Equity (%)

8.63

26.08

Return on Assets (%)

0.76

7.21

Leverage 

Total Debt Equity (Times)

10.35

2.62

Current Debt Equity (Times)

10.30

2.62

Long Term Debt to Equity

0.05

-

Total Asset To Total Equity

11.35

3.62

Asset Management 

Total Assets Turnover (Times)

2.27

2.25

Fixed Assets Turnover (Times)

40.30

-

Liquidity 

Current Ratio

1.04

1.22

 

 

Based on the corporate laws of Vietnam, legal entities which are Private Company with Limited Liability are not required to make public disclosure of their annual financials. Although financials were obtained for reference.

 

FOREIGN EXCHANGE RATES

 

Today's Exchange rate

:

1.00 VND
Vietnam Dong

=

0.000047 USD
United States Dollars

 

ADDITIONAL INFORMATION

 

Primary Products

Products / Materials / Services Description

Activity

Acid enzymes

Importing, Trading

Acrylic resin

Importing, Trading

Alkyd resin

Importing, Trading

Amino resin

Importing, Trading

Anti-corrosive pigments

Importing, Trading

 

 

SIC PRODUCT CLASSIFICATION & ACTIVITY

 

 

 

Product/Service Description

Code

Activity

Business Consulting Svcs, NEC

8748

Service

Carbon black

2895

Importing, Trading

Chemical preparations, nspf

2899

Importing, Trading

Chemicals/Allied Prdts, NEC

5169

Importing, Trading

Inorganic pigments

2816

Importing, Trading

 

 

 

 

HARMONIZED PRODUCT CLASSIFICATION & ACTIVITY

 

 

 

Product/Service Description

Code

Activity

Alkyd resins

3907500000

Importing, Trading

Amino resins, phenolics & polyurethanes, prim form

3909

Importing, Trading

Basic dyes and preparations based thereon

3204130000

Importing, Trading

Binders for found molds; chemical prod etc

3823

Importing, Trading

Business development/consulting

9878

Service

Carbon black

2803000010

Importing, Trading

Chemical products and preparations of the chemical or allied industries

3823909050

Importing, Trading

Chemical products and preparations of the chemical or allied industries

3824909060

Importing, Trading

Coloring matter nesoi; coloring prep nesoi, etc.

3206

Importing, Trading

Enzymes; prepared enzymes

3507

Importing, Trading

 

 

 

 

DETAILED PRODUCT CLASSIFICATION & ACTIVITY

 

 

 

Products / Materials / Services Description

Ranking

Activity

Basic chemicals

Primary

Importing, Trading

Binders

Primary

Importing, Trading

Calcium stearate

Primary

Importing, Trading

Carbon black

Primary

Importing, Trading

Caustic soda flakes

Primary

Importing, Trading

Chemical products

Primary

Importing, Trading

Cold neutral enzymes

Primary

Importing, Trading

Color dyes

Primary

Importing, Trading

Dyes

Primary

Importing, Trading

Emulsion

Primary

Importing, Trading

Chemical technology consultancy

Secondary

Service

Consultancy

Secondary

Service

 

 

 

 

BUSINESS DESCRIPTION

 

Subject is specializing in the supply of chemicals and technology consulting services in the industry using chemicals.

 

Subject provides many chemicals and additives that meet the diversified demands of the domestic Vietnam chemical industrial markets. These include paint, printing ink, plastic, rubber, textile, paper, candle, glass, pottery, food, feeds, cosmetic, medicine, and metal finishing (polishing stainless steel, electroplating and anti-corrosion coating).

 

Core Business

 

The primary business focus of CHEMICAL MARKET DEVELOPMENT AND INVESTMENT CO LTD is Import agency - Finished products.

Key products include :

·                     Titanium dioxides

·                     Water based inks

·                     Zinc dust

·                     Zinc phosphate

·                     Acid enzymes

·                     Acrylic resin

·                     Alkyd resin

·                     Amino resin

·                     Anti-corrosive pigments

·                     Basic chemicals

·                     Binders

·                     Calcium stearate

·                     Carbon black

·                     Caustic soda flakes `

·                     Chemical products

·                     Cold neutral enzymes

·                     Color dyes

·                     Dyes

·                     Emulsion

·                     Enzyme

·                     Epoxy resin

·                     Impact modifiers

·                     Inks

·                     Inorganic pigments

·                     Liquid stabilizers

·                     Metal complex dyes

·                     Metallic pigments

·                     Modified polyester resins

·                     Monoethyleneglycol

·                     Nitrocellulose

·                     Organic pigments

·                     Phenolic resins

·                     Pigment paste

·                     Polyamide hardeners

·                     Polyvinyl butaral resins

·                     Propylene glycol

·                     Rosin modified phenolic resins

·                     Rubber inks

·                     Specialty additives

·                     Synthetic colour


An integral part of the core business includes:

·                     Distribution

 

 

 

Supplementary Business

 

In addition to the core business, CHEMICAL MARKET DEVELOPMENT AND INVESTMENT CO LTD also is engaged in the following areas of business:

1.                  Service

·                     Specialized professional services, including:

§                     Consultancy

2.                  Trading

·                     Trading - General products

 

 

 

 

DOMESTIC SALES & PURCHASES

 

 

 

Annual Sales Analysis

Percentage

Domestic Sales

100%

 

 

 

 

Annual Purchases Analysis

Percentage

Local Purchases

30%

Imports

70%

 

 

 

 

BANK DETAILS

 

 

 

Bank Name

:

JOINT STOCK COMMERCIAL BANK FOR FOREIGN TRADE OF VIETNAM

Global Identifier

:

P1072025

Branch

:

Hanoi

Branch Address

:

31-33 Ngo Quyen Hanoi (Head Office)

SWIFT Code

:

BFTVVNVX

 

Bank Name

:

LIEN VIET JOINT STOCK COMMERCIAL BANK

Global Identifier

:

P1164622

Branch

:

District 1,Ho Chi Minh

Branch Address

:

LIEN VIET POST JOINT STOCK COMMERCIAL BANK - HANOI

SWIFT Code

:

This bank does not have a SWIFT Code

 

Bank Name

:

MILITARY COMMERCIAL JOINT STOCK BANK

Global Identifier

:

P0387295

Branch

:

Dong Da,Hanoi

Branch Address

:

21 Cat Linh Cat Linh Ward Dong Da Hanoi (Head Office)

SWIFT Code

:

MSCBVNVX

 

Bank Name

:

SAI GON THUONG TIN COMMERCIAL JOINT STOCK BANK

Global Identifier

:

P0388625

Branch

:

District 3,Ho Chi Minh

Branch Address

:

THU DO BRANCH

SWIFT Code

:

SGTTVNVX

 

 

 

LOCAL BRANCHES & MANAGEMENT

 

 

 

Branch

:

CHEMICAL MARKET DEVELOPMENT AND INVESTMENT CO LTD - DISTRICT 12, HO CHI MINH

Branch Address

:

379 To Ngoc Van, District 12, Ho Chi Minh

 

Branch

:

CHEMICAL MARKET DEVELOPMENT AND INVESTMENT CO LTD - PHU NHUAN, HO CHI MINH

Branch Address

:

422/24 Ho Van Hue Ward 9, Phu Nhuan, Ho Chi Minh

Branch Tel

:

84-8-38446535

Branch Fax

:

84-8-38454489

 

 

 

IMPORT AGENCY LISTING

 

 

 

Supplier

:

ADITYA BIRLA CHEMICALS (INDIA) LTD

Global Identifier

:

P1219380

Country of Origin

:

India

Product Description

:

Chemical products

Brand/s

:

#1

ADITYA BIRLA

Year

:

2010

 

Supplier

:

ALLNEX BELGIUM SA

Global Identifier

:

P2922649

Country of Origin

:

Belgium

Product Description

:

Chemical products

Brand/s

:

#1

ALLNEX

Year

:

2010

 

Supplier

:

BIRCHWOOD CASEY LLC

Global Identifier

:

P2922651

Country of Origin

:

USA

Product Description

:

Chemical products

Brand/s

:

#1

Birchwood

Year

:

2011

 

Supplier

:

BLACKBURN CHEMICALS LTD

Global Identifier

:

P0000164

Country of Origin

:

United Kingdom

Product Description

:

Chemical products

Brand/s

:

#1

BLACKBURN

Year

:

2011

 

Supplier

:

CATHODIC PROTECTION CO LTD

Global Identifier

:

P0868080

Country of Origin

:

United Kingdom

Product Description

:

Chemical products

Brand/s

:

#1

Cathodic Protection

Year

:

2010

 

Supplier

:

CHARTWELL INTERNATIONAL INC

Global Identifier

:

P2922660

Country of Origin

:

USA

Product Description

:

Chemical products

Brand/s

:

#1

CHARTWELL

Year

:

2011

 

Supplier

:

CORTEC CORP

Global Identifier

:

P1123748

Country of Origin

:

USA

Product Description

:

Chemical products

Brand/s

:

#1

CORTEC

Year

:

2012

 

Supplier

:

CROMOGENIA UNITS SA

Global Identifier

:

P2124933

Country of Origin

:

Spain

Product Description

:

Chemical products

Brand/s

:

#1

CROMOGENIA

Year

:

2012

 

Supplier

:

WIM INC

Global Identifier

:

P2922709

Country of Origin

:

USA

Product Description

:

Chemical products

Brand/s

:

#1

WIM

Year

:

2012

 

 

 

 

INTERNATIONAL TRADE - Activity & Markets

 

 

 

 

Country / Region

Estimated level of importance

Trading Activity

Asia / Pacific

High

Importing

Europe

High

Importing

North America

Medium

Importing

South America

Medium

Importing

Belgium

Medium

Importing

China

Medium

Importing

Germany

Medium

Importing

India

Medium

Importing

Malaysia

Medium

Importing

Peru

Medium

Importing

Singapore

Medium

Importing

Spain

Medium

Importing

Thailand

Medium

Importing

USA

High

Importing

United Kingdom

Medium

Importing

 

 

 

 

OVERSEAS SUPPLIERS

 

Name

Global Identifier

Country

INTER CHINA CHEMICAL CO LTD

P1171553

China

SALES Y DERIVADOS DE COBRE SA

P2922689

Peru

 

 

 

 

PREVIOUS BUSINESS LICENSE/S

 

 

 

License Date

License No.

22 Sep, 2004

0102014174

 

 

 

 

REAL ESTATE OWNERSHIP

 

 

 

The following property / ies are owned by CHEMICAL MARKET DEVELOPMENT AND INVESTMENT CO LTD :

 

 

 

Property Name

:

CHEMICAL MARKET DEVELOPMENT AND INVESTMENT CO LTD - TU LIEM, HANOI

Type of Property

:

Office

Address

:

Suite 135 TT3 My Dinh - Me Tri New Urban Area My Dinh Commune, Tu Liem, Hanoi

Office Size

:

300 Square meters

 

 

FOREIGN EXCHANGE RATES

 

Currency
Unit

Indian Rupees

US Dollar

1

Rs.62.23

UK Pound

1

Rs.102.14

Euro

1

Rs.84.64

 

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%)

 

PRIVATE & CONFIDENTIAL : This information is provided to you at your request, you having employed MIPL for such purpose. You will use the information as aid only in determining the propriety of giving credit and generally as an aid to your business and for no other purpose. You will hold the information in strict confidence, and shall not reveal it or make it known to the subject persons, firms or corporations or to any other. MIPL does not warrant the correctness of the information as you hold it free of any liability whatsoever. You will be liable to and indemnify MIPL for any loss, damage or expense, occasioned by your breach or non observance of any one, or more of these conditions

This report is issued at your request without any risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL) or its officials.