MIRA
INFORM REPORT
|
Report Date : |
24.01.2013 |
IDENTIFICATION DETAILS
|
Name : |
GOOD HOPE CHEMICAL [THAILAND] CO., LTD. |
|
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Registered Office : |
203 Pracha-Utit Road,
Bangmod, Thungkru, Bangkok 10140 |
|
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|
Country : |
Thailand |
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|
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Financials (as on) : |
31.12.2011 |
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Date of Incorporation : |
17.08.2006 |
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Com. Reg. No.: |
0105549098988 |
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Legal Form : |
Private Limited Company |
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Line of Business : |
Importer and Distributor of Industrial Chemicals |
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No. of Employees : |
20 |
RATING & COMMENTS
|
MIRA’s Rating : |
B |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
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Status : |
Moderate |
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Payment Behaviour : |
Slow |
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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 – June 30th, 2012
|
Country Name |
Previous Rating (31.03.2012) |
Current Rating (30.06.2012) |
|
Thailand |
B1 |
B1 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
|
Moderate |
B1 |
|
High |
B2 |
|
Very High |
C1 |
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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 enjoyed solid growth from 2000 to 2007 - averaging more than 4% per year - as it recovered from the Asian financial crisis of 1997-98. Thai exports - mostly machinery and electronic components, agricultural commodities, and jewelry - continue to drive the economy, accounting for more than half of GDP. The global financial crisis of 2008-09 severely cut Thailand's exports, with most sectors experiencing double-digit drops. In 2009, the economy contracted 2.3%. In 2010, Thailand's economy expanded 7.8%, its fastest pace since 1995, as exports rebounded from their depressed 2009 level. Steady economic growth at just below 4% during the first three quarters of 2011 was interrupted by historic flooding in October and November in the industrial areas north of Bangkok, crippling the manufacturing sector and leading to a revised growth rate of only 0.1% for the year. The industrial sector is poised to recover from the second quarter of 2012 onward, however, and the government anticipates the economy will probably grow between 5.5 and 6.5% for 2012, while private sector forecasts range between 3.8% and 5.7%.
|
Source : CIA |
Company name
GOOD HOPE CHEMICAL [THAILAND] CO., LTD.
SUMMARY
BUSINESS ADDRESS : 203
PRACHA-UTIT ROAD, BANGMOD,
THUNGKRU, BANGKOK
10140
TELEPHONE : [66] 2872-6445-8,
086 341-2965
FAX : [66] 2872-6449
E-MAIL ADDRESS : siampt@yahoo.com
REGISTRATION ADDRESS : SAME AS BUSINESS
ADDRESS
ESTABLISHED : 2006
REGISTRATION NO. : 0105549098988
TAX ID NO. : 3032367349
CAPITAL REGISTERED : BHT. 10,000,000
CAPITAL PAID-UP : BHT.
10,000,000
SHAREHOLDER’S PROPORTION : THAI :
100%
FISCAL YEAR CLOSING DATE : DECEMBER 31
LEGAL STATUS : PRIVATE LIMITED
COMPANY
EXECUTIVE : MRS.
KRISANA JIVIPANPONG, THAI
MANAGING DIRECTOR
NO. OF STAFF : 20
LINES OF BUSINESS : INDUSTRIAL CHEMICALS
IMPORTER AND
DISTRIBUTOR
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 August
17, 2006 as
a private limited
company under the
registered name GOOD
HOPE CHEMICAL [THAILAND] CO.,
LTD. by Thai
groups, with the
business objective to
import and distribute
various kinds of
industrial chemicals for
variety of industries.
It currently employs
approximately 20 staff.
The subject’s registered
address is 203 Pracha-utit Rd.,
Bangmod, Thungkru, Bangkok
10140, and this
is the subject’s
current operation address.
THE BOARD OF DIRECTOR
|
Name |
|
Nationality |
Age |
|
|
|
|
|
|
Mrs. Krisana Jivipanpong |
[x] |
Thai |
69 |
|
Mr. Aroon Jivipanpong |
[x] |
Thai |
71 |
|
Ms. Puthiporn Jivipanpong |
|
Thai |
43 |
|
Mr. Phoomsan Jivipanpong |
|
Thai |
41 |
|
Ms. Paksuphen Jivipanpong |
|
Thai |
37 |
AUTHORIZED PERSON
One of the
mentioned directors [x] can
sign or any
two of the
rest directors can
jointly sign on
behalf of the
subject with company’s
affixed.
MANAGEMENT
Mrs. Krisana Jivipanpong is
the Managing Director.
She is Thai
nationality with the
age of 69
years old.
Mr. Sangvorn Huapnuam is
the Sales &
Marketing Manager.
He is Thai
nationality.
BUSINESS OPERATIONS
The subject is
engaged in importing
and distributing various
kinds of industrial
chemicals such as
sodium alginate, sodium
metabisulphite, sodium hydrosulphite
and etc., for
fabric softeners, dyestuff,
paper, textiles and
other industries.
PURCHASE
Most of the
products are purchased
from local suppliers,
the remaining is
imported from India
and Republic of
China.
SALES
100% of the
products is sold
locally by wholesale
to manufacturers and
end-users.
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
according to IRICO’S
DATABASE for the
past two years.
CREDIT
Sales are by
cash or on
the credits term
of 30-60 days.
Local bills are
paid by cash
or on the
credits term of
30-60 days.
Imports are by
L/C at sight
or T/T.
BANKING
The subject has
not disclosed its
banker’s name.
EMPLOYMENT
The subject currently
employs approximately 20
staff.
LOCATION DETAILS
The premise is
owned for administrative office
at the heading
address. Premise is
located in commercial/residential area.
Branch [Sales
office and warehouse]:
- 522/165 Soi
Pattanakarn 1, Sathupradit
Rd., Bangpongpang, Yannawa,
Bangkok 10120
- 48/6 Moo
2, Thonburi-Pakthor Rd.,
T. Kalong, A. Muang, Samutsakorn
74000
- 364/4 Moo
2, Suksawad Rd.,
Rajburana, Bangkok 10140
- 949/2 Soi
Pattanakarn 1, Sathupradit
Rd., Bangpongpang, Yannawa,
Bangkok 10120
COMMENT
The subject’s operating
performance in 2011
was slowdown from
a decrease in
both sales revenue
and net profit
comparing to the
previous year’s level.
This was caused
by a decrease in
number of orders
from flood crisis
in many areas of
the country in the last quarter of
2011. Many factories were
inevitably hit and
had to stop
the production temporarily.
However, the situation
is back to
normal and the
subject’s sales revenues
in 2012 was
improving and it
expects sales would
continue increasing this
year as well.
FINANCIAL INFORMATION
The capital was
registered at Bht.
5,000,000 divided into
50,000 shares of Bht.
100 each with
fully paid.
On May 22,
2008, the registered
capital was increased
to Bht. 10,000,000
divided into 100,000
shares of Bht. 100
each with fully
paid.
THE SHAREHOLDERS LISTED WERE
[as at
April 30, 2012]
|
NAME |
HOLDING |
% |
|
|
|
|
|
Mrs. Krisana Jivipanpong Nationality: Thai Address : 95/3
Moo 4, Rajvithee
Rd., T. Sankampaeng, A. Sankampaeng, Chiangmai
|
30,000 |
30.00 |
|
Ms. Puthiporn Jivipanpong Nationality: Thai Address : 203
Moo 1, Pracha-utit
Rd., Bangmod, Thungkru, Bangkok
|
19,990 |
19.99 |
|
Mr. Phoomsan Jivipanpong Nationality: Thai Address : 38/2
Moo 5, T. Maeraem,
A. Maerim, Chiangmai |
19,990 |
19.99 |
|
Ms. Paksuphen Jivipanpong Nationality: Thai Address : 205
Moo 1, Pracha-utit
Rd., Bangmod,
Thungkru, Bangkok |
19,990 |
19.99 |
|
Mr. Aroon Jivipanpong Nationality: Thai Address : 205
Moo 1, Pracha-utit
Rd., Bangmod,
Thungkru, Bangkok |
10,000 |
10.00 |
|
Mr. Prasit Panpranot Nationality: Thai Address : 187/9
Moo 1, Bangmod,
Rajburana,
Bangkok |
15 |
=0.03 |
|
Mrs. Vikanda Panpranot Nationality: Thai Address : 187/9
Moo 1, Bangmod,
Rajburana,
Bangkok |
15 |
|
Total Shareholders : 7
Share Structure
[as at April
30, 2012]
|
Nationality |
Shareholders |
No. of Share |
% Shares |
|
|
|
|
|
|
Thai |
7 |
100,000 |
100.00 |
|
Foreign |
- |
- |
- |
|
Total |
7 |
100,000 |
100.00 |
NAME OF
AUDITOR & CERTIFIED
PUBLIC ACCOUNTANT NO.
Mr. Pairoj Hengsakul
No. 2755
BALANCE SHEET [BAHT]
The latest
financial figures published as
at December 31,
2011, 2010 &
2009 were:
ASSETS
|
Current Assets |
2011 |
2010 |
2009 |
|
|
|
|
|
|
Cash and Cash Equivalents |
1,259,064.24 |
1,704,870.38 |
2,051,489.05 |
|
Short-term Investment |
147,000.00 |
147,000.00 |
7,347,274.74 |
|
Trade Accounts &
Other Receivable |
12,027,614.99 |
9,300,216.87 |
13,485,772.40 |
|
Short-term Loan |
12,711,205.35 |
7,806,657.71 |
97,428.85 |
|
Inventories |
9,515,814.21 |
13,141,495.57 |
16,429,661.96 |
|
Other Current Assets
|
2,289,624.91 |
1,503,860.90 |
427,661.02 |
|
|
|
|
|
|
Total Current Assets
|
37,950,323.70 |
33,604,101.43 |
39,839,288.02 |
|
Fixed Assets |
1,072,588.06 |
2,407,665.85 |
3,740,787.33 |
|
Other Non-current Assets |
277,950.00 |
277,950.00 |
14,700.00 |
|
Total Assets |
39,300,861.76 |
36,289,717.28 |
43,594,775.35 |
LIABILITIES &
SHAREHOLDERS’ EQUITY [BAHT]
|
Current Liabilities |
2011 |
2010 |
2009 |
|
|
|
|
|
|
Bank Overdraft |
959,844.53 |
1,554,801.85 |
- |
|
Short-term Loan from Financial Institutions |
17,917,393.64 |
13,622,255.92 |
26,834,374.47 |
|
Trade Accounts Payable
|
5,731,101.63 |
6,809,817.71 |
6,104,410.61 |
|
Short-term Loan from Person or Related Company |
- |
786,597.23 |
786,597.23 |
|
Other Current Liabilities |
1,385,256.34 |
498,537.27 |
268,995.79 |
|
|
|
|
|
|
Total Current Liabilities |
25,993,596.14 |
23,272,009.98 |
33,994,378.10 |
|
Total Liabilities |
25,993,596.14 |
23,272,009.98 |
33,994,378.10 |
|
|
|
|
|
|
Shareholders' Equity |
|
|
|
|
|
|
|
|
|
Share capital : Baht 100
par value authorized, issued
and fully paid share
capital 100,000 shares |
10,000,000.00 |
10,000,000.00 |
10,000,000.00 |
|
|
|
|
|
|
Capital Paid |
10,000,000.00 |
10,000,000.00 |
10,000,000.00 |
|
Retained Earning - Unappropriated |
3,307,265.62 |
3,017,707.30 |
[399,602.75] |
|
Total Shareholders' Equity |
13,307,265.62 |
13,017,707.30 |
9,600,397.25 |
|
Total Liabilities &
Shareholders' Equity |
39,300,861.76 |
36,289,717.28 |
43,594,775.35 |
PROFIT & LOSS ACCOUNT
|
Revenue |
2011 |
2010 |
2009 |
|
|
|
|
|
|
Sales Income |
48,242,355.08 |
51,176,459.50 |
69,896,948.90 |
|
Other Income |
1,438,466.07 |
2,949,307.67 |
1,087,783.52 |
|
Total Revenues |
49,680,821.15 |
54,125,767.17 |
70,984,732.42 |
|
Expenses |
|
|
|
|
|
|
|
|
|
Cost of Goods
Sold & Service |
41,912,513.01 |
42,706,873.94 |
66,442,460.51 |
|
Selling Expenses |
2,972,266.26 |
3,306,313.57 |
2,943,474.20 |
|
Administrative Expenses |
2,656,907.56 |
3,076,805.89 |
3,153,357.40 |
|
Other Expenses |
191,531.08 |
49,089,993.4 |
69,709.10 |
|
Total Expenses |
47,733,217.91 |
49,090,133.40 |
72,609,001.21 |
|
|
|
|
|
|
Profit / [Loss] before Financial Cost & Income
Tax |
1,947,603.24 |
5,035,633.77 |
[1,624,268.79] |
|
Financial Costs |
[1,003,520.99] |
[1,413,402.66] |
[1,866,060.87] |
|
|
|
|
|
|
Profit / [Loss] before Income
Tax |
944,082.25 |
3,622,231.11 |
[3,490,329.66] |
|
Financial Costs |
[654,523.93] |
[204,921.06] |
- |
|
|
|
|
|
|
Net Profit / [Loss] |
289,558.32 |
3,417,310.05 |
[3,490,329.66] |
FINANCIAL ANALYSIS
|
ITEM |
UNIT |
2011 |
2010 |
2009 |
|
|
|
|
|
|
|
LIQUIDITY RATIO |
|
|
|
|
|
CURRENT RATIO |
TIMES |
1.46 |
1.44 |
1.17 |
|
QUICK RATIO |
TIMES |
1.01 |
0.81 |
0.68 |
|
|
|
|
|
|
|
ACTIVITY RATIO |
|
|
|
|
|
FIXED ASSETS TURNOVER |
TIMES |
44.98 |
21.26 |
18.69 |
|
TOTAL ASSETS TURNOVER |
TIMES |
1.23 |
1.41 |
1.60 |
|
INVENTORY CONVERSION PERIOD |
DAYS |
82.87 |
112.32 |
90.26 |
|
INVENTORY TURNOVER |
TIMES |
4.40 |
3.25 |
4.04 |
|
RECEIVABLES CONVERSION PERIOD |
DAYS |
91.00 |
66.33 |
70.42 |
|
RECEIVABLES TURNOVER |
TIMES |
4.01 |
5.50 |
5.18 |
|
PAYABLES CONVERSION PERIOD |
DAYS |
49.91 |
58.20 |
33.53 |
|
CASH CONVERSION CYCLE |
DAYS |
123.96 |
120.45 |
127.14 |
|
|
|
|
|
|
|
PROFITABILITY RATIO |
|
|
|
|
|
COST OF GOODS SOLD |
% |
86.88 |
83.45 |
95.06 |
|
SELLING & ADMINISTRATION |
% |
11.67 |
12.47 |
8.72 |
|
INTEREST |
% |
2.08 |
2.76 |
2.67 |
|
GROSS PROFIT MARGIN |
% |
16.10 |
22.31 |
6.50 |
|
NET PROFIT MARGIN BEFORE EX. ITEM |
% |
4.04 |
9.84 |
(2.32) |
|
NET PROFIT MARGIN |
% |
0.60 |
6.68 |
(4.99) |
|
RETURN ON EQUITY |
% |
2.18 |
26.25 |
(36.36) |
|
RETURN ON ASSET |
% |
0.74 |
9.42 |
(8.01) |
|
EARNING PER SHARE |
BAHT |
2.90 |
34.17 |
(34.90) |
|
|
|
|
|
|
|
LEVERAGE RATIO |
|
|
|
|
|
DEBT RATIO |
TIMES |
0.66 |
0.64 |
0.78 |
|
DEBT TO EQUITY RATIO |
TIMES |
1.95 |
1.79 |
3.54 |
|
TIME INTEREST EARNED |
TIMES |
1.94 |
3.56 |
(0.87) |
|
|
|
|
|
|
|
ANNUAL GROWTH |
|
|
|
|
|
SALES GROWTH |
% |
(5.73) |
(26.78) |
|
|
OPERATING PROFIT |
% |
(61.32) |
(410.02) |
|
|
NET PROFIT |
% |
(91.53) |
197.91 |
|
|
FIXED ASSETS |
% |
(55.45) |
(35.64) |
|
|
TOTAL ASSETS |
% |
8.30 |
(16.76) |
|
ANNUAL GROWTH : RISKY
An annual sales growth is -5.73%. Turnover has decreased from THB
51,176,459.50 in 2010 to THB 48,242,355.08 in 2011. While net profit has
decreased from THB 3,417,310.05 in 2010 to THB 289,558.32 in 2011. And total
assets has increased from THB 36,289,717.28 in 2010 to THB 39,300,861.76 in
2011.
PROFITABILITY : ACCEPTABLE
PROFITABILITY RATIO
|
Gross Profit Margin |
16.10 |
Impressive |
Industrial Average |
13.98 |
|
Net Profit Margin |
0.60 |
Deteriorated |
Industrial Average |
4.31 |
|
Return on Assets |
0.74 |
Deteriorated |
Industrial Average |
4.00 |
|
Return on Equity |
2.18 |
Deteriorated |
Industrial Average |
7.52 |
Gross Profit Margin used to assess a firm's financial health by
revealing the proportion of money left over from revenues after accounting for
the cost of goods sold. Gross profit margin serves as the source for paying
additional expenses and future savings. Gross Profit Margin is 16.1%. When compared with the industry
average, the ratio of the company was higher, indicated that company was more
profitable than the same industry.
Net Profit Margin is the indicator of the company's efficiency in that
net profit takes into consideration all expenses of the company. A low profit margin
indicates a low margin of safety, higher risk that a decline in sales will
erase profits and result in a net loss. The company's figure is 0.6%. 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 0.74%.
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 2.18%.
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 |
1.46 |
Satisfactory |
Industrial Average |
1.63 |
|
Quick Ratio |
1.01 |
|
|
|
|
Cash Conversion Cycle |
123.96 |
|
|
|
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 1.46 times in 2011, increase from 1.44 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 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 1.01 times in 2011,
increase from 0.81 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 124 days.
Trend of the average competitors in the same industry for last 5 years
Current Ratio Uptrend
LEVERAGE : RISKY
LEVERAGE RATIO
|
Debt Ratio |
0.66 |
Acceptable |
Industrial Average |
0.41 |
|
Debt to Equity Ratio |
1.95 |
Risky |
Industrial Average |
0.75 |
|
Times Interest Earned |
1.94 |
Deteriorated |
Industrial Average |
6.16 |
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 1.95 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 0.66 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 Uptrend
ACTIVITY : IMPRESSIVE
ACTIVITY RATIO
|
Fixed Assets Turnover |
44.98 |
Impressive |
Industrial Average |
1.65 |
|
Total Assets Turnover |
1.23 |
Impressive |
Industrial Average |
0.94 |
|
Inventory Conversion Period |
82.87 |
|
|
|
|
Inventory Turnover |
4.40 |
Satisfactory |
Industrial Average |
5.52 |
|
Receivables Conversion Period |
91.00 |
|
|
|
|
Receivables Turnover |
4.01 |
Satisfactory |
Industrial Average |
4.67 |
|
Payables Conversion Period |
49.91 |
|
|
|
The company's Account Receivable Ratio is calculated as 4.01 and 5.50 in
2011 and 2010 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 2011
decreased from 2010. 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 112 days at the
end of 2010 to 83 days at the end of 2011. This represents a positive trend.
And Inventory turnover has increased from 3.25 times in year 2010 to 4.4 times
in year 2011.
The company's Total Asset Turnover is calculated as 1.23 times and 1.41
times in 2011 and 2010 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.53.77 |
|
|
1 |
Rs.85.13 |
|
Euro |
1 |
Rs.71.57 |
INFORMATION DETAILS
|
Report Prepared
by : |
SDA |
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.