|
Report Date : |
11.07.2013 |
IDENTIFICATION DETAILS
|
Name : |
NAMBAC CO,.LTD |
|
|
|
|
Registered Office : |
860/80A Xo Viet Nghe Tinh Street, Ward 25, Binh Thanh District, Ho Chi Minh City |
|
|
|
|
Country : |
Vietnam |
|
|
|
|
Financials (as on) : |
31.12.2010 |
|
|
|
|
Date of Incorporation : |
2002 |
|
|
|
|
Com. Reg. No.: |
0302786044 |
|
|
|
|
Legal Form : |
Limited Liability Company |
|
|
|
|
Line of Business : |
The subject is specialized in manufacturing,
processing and packaging plant protection drugs. It also manufactures
fertilizer |
|
|
|
|
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 |
|
Status : |
Moderate |
|
Payment Behaviour : |
No Complaints |
|
Litigation : |
Clear |
NOTES :
Any query related to this report can be made
on e-mail: infodept@mirainform.com
while quoting report number, name and date.
ECGC Country Risk Classification List – March 31st, 2013
|
Country Name |
Previous Rating (31.12.2012) |
Current Rating (31.03.2013) |
|
Viet Nam |
B1 |
B1 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
|
Moderate |
B1 |
|
High |
B2 |
|
Very High |
C1 |
|
Restricted |
C2 |
|
Off-credit |
D |
VIET NAM - 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
SUBJECT IDENTIFICATION & LEGAL FORM
|
||
|
|
||
Current legal status
|
||
|
Registered English Name |
|
NAMBAC CO,.LTD |
|
Registered Vietnamese Name |
|
CONG TY TNHH NAM BAC |
|
Trade name |
|
NAMBAC CO,.LTD |
|
Registered Short name |
|
NB CO.,LTD |
|
Type of Business |
|
Limited liability company |
|
Year Established |
|
2002 |
|
Business Registration No. |
|
0302786044 |
|
Date of the latest adjustment (11th) |
|
28 May 2013 |
|
Place of Registration |
|
Business Registration Office - Planning
and Investment Department of Ho Chi Minh City |
|
Chartered capital |
|
VND 10,700,000,000 |
|
Tax code |
|
0302786044 |
|
Total Employees |
|
20 |
Historical Identification & Legal form
|
List |
Changed Items |
Date of changes |
|
1 |
Subject has got former Board Of Director:
Mr. PHUNG DUC TOAN Changed to: Mr. LE THANH SON |
2012
|
|
2 |
Subject has got former Business Registration
No: 4102012757 issued 21 Nov 2002 Changed to: 0302786044 |
17
Feb 2011 |
|
3 |
Subject has got former Address: 102/2A Xo
Viet Nghe Tinh Str, Ward 25, Binh Thanh District, Ho Chi Minh City, Vietnam Changed to: 649/20/7, Dien Bien Phu Street,
Ward 25, Binh Thanh District, Ho Chi Minh City, Vietnam Changed to: 860/80A Xo Viet Nghe Tinh
Street, Ward 25, Binh Thanh District, Ho Chi Minh City, Vietnam |
- |
ADDRESSES
|
||
|
|
||
|
Head Office |
||
|
Address |
|
860/80A Xo Viet Nghe Tinh Street, Ward 25,
Binh Thanh District, Ho Chi Minh City, Vietnam |
|
Telephone |
|
(84-8) 3511 7764 - 3898 1554 |
|
Fax |
|
(84-8) 3511 7765 |
|
Email |
|
|
|
Website |
|
|
|
|
||
|
Workshop Address
|
||
|
Address |
|
A204, Thai Hoa Industrial Zone, Duc Lap Ha
Commune, Duc Hoa District, Long An Province, Vietnam |
|
|
||
DIRECTORS
|
||
|
|
||
|
1.
NAME |
|
Mr.
LE THANH SON |
|
Position |
|
Chairman |
|
Date of Birth |
|
24 Jan 1962 |
|
ID Number/Passport |
|
025428873 |
|
ID Issue Date |
|
19 May 2011 |
|
ID Issue Place |
|
Police station of Ho
Chi Minh city |
|
Resident |
|
120/14 Alley 249 Tan
Ky Tan Quy Str, Tan Son Nhi Ward, Tan Phu District, Ho Chi Minh City, Vietnam
|
|
Nationality |
|
Vietnamese |
|
|
||
|
2.
NAME |
|
Mr.
DO MINH HUNG |
|
Position |
|
Director |
|
ID Number/Passport |
|
125202013 |
|
Resident |
|
2/1A Tran Nhan Ton
Str, Ward 2, District 10, Ho Chi Minh City, Vietnam |
|
Nationality |
|
Vietnamese |
|
|
||
|
3.
NAME |
|
Ms.
LE THI HOAI MY |
|
Position |
|
Accountant |
|
Nationality |
|
Vietnamese |
|
Email |
|
|
|
|
||
BUSINESS NATURE AND ACTIVITIES
|
|
|
|
The subject is specialized in manufacturing, processing
and packaging plant protection drugs. It also manufactures fertilizer |
|
|
|
IMPORT & EXPORT ACTIVITIES |
||
|
|
||
|
IMPORT: |
||
|
·
Market |
|
India, China, USA |
|
|
||
|
EXPORT: N/A |
||
|
|
||
BANKERS
|
||
|
|
||
|
1.
JOINT STOCK COMMERCIAL BANK FOR FOREIGN TRADE OF VIETNAM BINH THANH BRANCH |
||
|
Address |
|
No. 169 Dien Bien Phu Str, Ward 15, Binh Thanh District, Ho Chi Minh
City, Vietnam |
|
Telephone |
|
(84-8) 3840 7927 |
|
Fax |
|
(84-8) 3840 7923 |
|
|
||
|
2.
VIET NAM JOINT STOCK COMMERCIAL BANK FOR INDUSTRY AND TRADE NO.9 BRANCH |
||
|
Address |
|
No.01 Nguyen Oanh Str, Ward 10, Go Vap District, Ho Chi Minh City,
Vietnam |
|
Telephone |
|
(84-8) 3894 6449 |
|
SWIFT Code |
|
ICBVVNVX |
|
|
||
SHAREHOLDERS
|
||
|
|
||
|
1.
NAME |
|
Mr.
DO MINH HUNG |
|
Position |
|
Director |
|
ID Number/Passport |
|
125202013 |
|
Resident |
|
2/1A Tran Nhan Ton Str, Ward 2, District
10, Ho Chi Minh City, Vietnam |
|
Nationality |
|
Vietnamese |
|
Value of shares |
|
VND 2,300,000,000 |
|
Percentage |
|
21.5% |
|
|
||
|
2.
NAME |
|
Ms.
LE BICH UYEN |
|
ID Number/Passport |
|
022994694 |
|
Resident |
|
101C Tran Quang Dieu Housing Compound,
Ward 10, District 3, Ho Chi Minh City, Vietnam |
|
Nationality |
|
Vietnamese |
|
Value of shares |
|
VND 1,600,000,000 |
|
Percentage |
|
14.95% |
|
|
||
|
3.
NAME |
|
Mr.
LE THANH SON |
|
Position |
|
Chairman |
|
Date of Birth |
|
24 Jan 1962 |
|
ID Number/Passport |
|
025428873 |
|
Issued on |
|
19 May 2011 |
|
Issued Place |
|
Police station of Ho Chi Minh city |
|
Resident |
|
120/14 Alley 249 Tan Ky Tan Quy Str, Tan
Son Nhi Ward, Tan Phu District, Ho Chi Minh City, Vietnam |
|
Nationality |
|
Vietnamese |
|
Value of shares |
|
VND 2,300,000,000 |
|
Percentage |
|
21.5% |
|
|
||
|
4.
NAME |
|
Mr.
PHUNG DUC TOAN |
|
Date of Birth |
|
25 May 1973 |
|
ID Number/Passport |
|
161930409 |
|
Issued on |
|
28 Feb 2002 |
|
Issued Place |
|
Police station of Nam Dinh province |
|
Resident |
|
Nguyet Thuong Hamlet, Yen Tan Commune, Y
Yen District, Nam Dinh Province, Vietnam |
|
Current Resident |
|
No. 50, Dan Toc street, Tan Thanh ward,
Tan Phu District, Ho Chi Minh City, Vietnam |
|
Mobile phone |
|
+84 907 169 777 |
|
Nationality |
|
Vietnamese |
|
Value of shares |
|
VND 4,000,000,000 |
|
Percentage |
|
37.38% |
|
|
||
|
5.
NAME |
|
Mr.
DAO QUANG DO |
|
Date of Birth |
|
24 Oct 1983 |
|
ID Number/Passport |
|
031304845 |
|
Issued on |
|
22 Jan 2009 |
|
Issued Place |
|
Police station of Hochiminh City |
|
Resident |
|
Da Ban Hamlet, Gia Minh Commune, Thuy Nguyen
District, Hai Phong City, Vietnam |
|
Current Resident |
|
No. 860/80A Xo Viet Nghe Tinh Street, Ward
25 , Binh Thanh District, Ho Chi Minh City, Vietnam |
|
Nationality |
|
Vietnamese |
|
Value of shares |
|
VND 500,000,000 |
|
Percentage |
|
4.67% |
|
|
||
FINANCIAL DATA
|
|||
|
Despite trying best, the latest financial data is unreachable. |
|||
|
BALANCE
SHEET |
|||
Unit: One
VND
|
|||
|
Balance sheet
date |
31/12/2010 |
31/12/2009 |
31/12/2008 |
|
Number of weeks |
52 |
52 |
52 |
ASSETS
|
|||
|
A – CURRENT
ASSETS |
30,648,000,000 |
26,351,913,154 |
17,982,344,220 |
|
I. Cash and cash
equivalents |
395,000,000 |
99,451,198 |
19,193,738 |
|
1. Cash |
395,000,000 |
99,451,198 |
19,193,738 |
|
2. Cash equivalents |
0 |
0 |
0 |
|
II. Short-term
investments |
0 |
0 |
0 |
|
1. Short-term investments |
0 |
0 |
0 |
|
2. Provisions for devaluation of short-term investments |
0 |
0 |
0 |
|
III. Accounts
receivable |
21,036,000,000 |
18,233,682,092 |
12,362,638,556 |
|
1. Receivable from customers |
16,307,000,000 |
12,665,149,165 |
11,952,779,588 |
|
2. Prepayments to suppliers |
461,000,000 |
649,505,030 |
74,061,178 |
|
3. Inter-company receivable |
0 |
0 |
0 |
|
4. Receivable according to the progress of construction |
0 |
0 |
0 |
|
5. Other receivable |
4,268,000,000 |
4,919,027,897 |
335,797,790 |
|
6. Provisions for bad debts |
|
|
|
|
IV. Inventories |
7,500,000,000 |
7,004,529,421 |
5,115,210,206 |
|
1. Inventories |
7,500,000,000 |
7,004,529,421 |
5,115,210,206 |
|
2. Provisions for devaluation of inventories |
|
|
|
|
V. Other Current
Assets |
1,717,000,000 |
1,014,250,443 |
485,301,720 |
|
1. Short-term prepaid expenses |
443,000,000 |
496,928,081 |
23,000,000 |
|
2. VAT to be deducted |
499,000,000 |
110,916,726 |
230,000 |
|
3. Taxes and other accounts receivable from the State |
22,000,000 |
2,553,000 |
|
|
4. Other current assets |
753,000,000 |
403,852,636 |
462,071,720 |
|
B. LONG-TERM
ASSETS |
3,115,000,000 |
2,459,597,156 |
1,280,932,005 |
|
I. Long term
accounts receivable |
0 |
0 |
0 |
|
1. Long term account receivable from customers |
0 |
0 |
0 |
|
2. Working capital in affiliates |
0 |
0 |
0 |
|
3. Long-term inter-company receivable |
0 |
0 |
0 |
|
4. Other long-term receivable |
0 |
0 |
0 |
|
5. Provisions for bad debts from customers |
0 |
0 |
0 |
|
II. Fixed assets
|
3,115,000,000 |
2,459,597,156 |
1,280,932,005 |
|
1. Tangible assets |
1,023,000,000 |
1,125,146,601 |
1,280,932,005 |
|
- Historical costs |
2,626,000,000 |
2,411,413,400 |
2,036,607,600 |
|
- Accumulated depreciation |
-1,603,000,000 |
-1,286,266,799 |
-755,675,595 |
|
2. Financial leasehold assets |
0 |
0 |
0 |
|
- Historical costs |
0 |
0 |
0 |
|
- Accumulated depreciation |
0 |
0 |
0 |
|
3. Intangible assets |
2,092,000,000 |
1,334,450,555 |
0 |
|
- Initial costs |
2,220,000,000 |
1,391,639,451 |
0 |
|
- Accumulated amortization |
-128,000,000 |
-57,188,896 |
0 |
|
4. Construction-in-progress |
0 |
0 |
0 |
|
III. Investment
property |
0 |
0 |
0 |
|
Historical costs |
0 |
0 |
0 |
|
Accumulated depreciation |
0 |
0 |
0 |
|
IV. Long-term
investments |
0 |
0 |
0 |
|
1. Investments in affiliates |
0 |
0 |
0 |
|
2. Investments in business concerns and joint ventures |
0 |
0 |
0 |
|
3. Other long-term investments |
0 |
0 |
0 |
|
4. Provisions for devaluation of long-term investments |
0 |
0 |
0 |
|
V. Other
long-term assets |
0 |
0 |
0 |
|
1. Long-term prepaid expenses |
0 |
0 |
0 |
|
2. Deferred income tax assets |
0 |
0 |
0 |
|
3. Other long-term assets |
0 |
0 |
0 |
|
VI. Goodwill |
0 |
0 |
0 |
|
1. Goodwill |
0 |
0 |
0 |
|
TOTAL ASSETS |
33,763,000,000 |
28,811,510,310 |
19,263,276,225 |
|
|
|||
LIABILITIES
|
|||
|
A- LIABILITIES |
21,351,000,000 |
20,008,393,538 |
15,410,694,699 |
|
I. Current
liabilities |
21,351,000,000 |
20,008,393,538 |
15,410,694,699 |
|
1. Short-term debts and loans |
15,564,000,000 |
11,648,694,268 |
9,303,111,000 |
|
2. Payable to suppliers |
4,731,000,000 |
5,113,388,608 |
2,284,146,780 |
|
3. Advances from customers |
535,000,000 |
167,609,968 |
81,193,807 |
|
4. Taxes and other obligations to the State Budget |
59,000,000 |
521,484,554 |
|
|
5. Payable to employees |
181,000,000 |
38,173,621 |
20,360,050 |
|
6. Accrued expenses |
0 |
0 |
0 |
|
7. Inter-company payable |
0 |
0 |
0 |
|
8. Payable according to the progress of construction contracts |
0 |
0 |
0 |
|
9. Other payable |
281,000,000 |
2,519,042,519 |
3,721,883,062 |
|
10. Provisions for short-term accounts payable |
0 |
0 |
0 |
|
11. Bonus and welfare funds |
0 |
0 |
0 |
|
II. Long-Term
Liabilities |
0 |
0 |
0 |
|
1. Long-term accounts payable to suppliers |
0 |
0 |
0 |
|
2. Long-term inter-company payable |
0 |
0 |
0 |
|
3. Other long-term payable |
0 |
0 |
0 |
|
4. Long-term debts and loans |
0 |
0 |
0 |
|
5. Deferred income tax payable |
0 |
0 |
0 |
|
6. Provisions for unemployment allowances |
0 |
0 |
0 |
|
7. Provisions for long-term accounts payable |
0 |
0 |
0 |
|
8. Unearned Revenue |
0 |
0 |
0 |
|
9. Science and technology development fund |
0 |
0 |
0 |
|
B- OWNER’S
EQUITY |
12,412,000,000 |
8,803,116,772 |
3,852,581,526 |
|
I. OWNER’S
EQUITY |
11,908,000,000 |
8,803,116,772 |
3,852,581,526 |
|
1. Capital |
2,000,000,000 |
2,000,000,000 |
2,000,000,000 |
|
2. Share premiums |
|
|
0 |
|
3. Other sources of capital |
8,635,000,000 |
6,131,591,940 |
0 |
|
4. Treasury stocks |
0 |
0 |
0 |
|
5. Differences on asset revaluation |
0 |
0 |
0 |
|
6. Foreign exchange differences |
0 |
0 |
0 |
|
7. Business promotion fund |
0 |
0 |
0 |
|
8. Financial reserved fund |
0 |
0 |
1,358,798,090 |
|
9. Other funds |
0 |
0 |
|
|
10. Retained earnings |
1,273,000,000 |
671,524,832 |
493,783,436 |
|
11. Construction investment fund |
|
0 |
0 |
|
12. Business arrangement supporting fund |
|
0 |
0 |
|
II. Other
sources and funds |
504,000,000 |
0 |
0 |
|
1. Bonus and welfare funds (Elder form) |
504,000,000 |
0 |
0 |
|
2. Sources of expenditure |
0 |
0 |
0 |
|
3. Fund to form fixed assets |
0 |
0 |
0 |
|
MINORITY’S
INTEREST |
0 |
0 |
0 |
|
TOTAL
LIABILITIES AND OWNER’S EQUITY |
33,763,000,000 |
28,811,510,310 |
19,263,276,225 |
|
|
|||
|
PROFIT
& LOSS STATEMENT |
|||
|
|
|||
|
Description |
FY2010 |
FY2009 |
FY2008 |
|
1. Total Sales |
25,367,000,000 |
23,177,642,636 |
17,525,780,430 |
|
2. Deduction item |
3,920,000,000 |
2,631,421,945 |
2,291,492,332 |
|
3. Net revenue |
21,447,000,000 |
20,546,220,691 |
15,234,288,098 |
|
4. Costs of goods sold |
11,751,000,000 |
9,252,992,313 |
5,558,559,789 |
|
5. Gross profit |
9,696,000,000 |
11,293,228,378 |
9,675,728,309 |
|
6. Financial income |
56,000,000 |
2,078,055 |
1,713,815 |
|
7. Financial expenses |
2,871,000,000 |
1,831,544,771 |
1,978,359,653 |
|
- In which: Loan interest expenses |
2,636,000,000 |
1,795,900,287 |
1,975,470,386 |
|
8. Selling expenses |
2,873,000,000 |
6,062,969,190 |
7,588,164,115 |
|
9. Administrative overheads |
2,025,000,000 |
1,600,606,872 |
177,519,056 |
|
10. Net operating profit |
1,983,000,000 |
1,800,185,600 |
-66,600,700 |
|
11. Other income |
4,617,000,000 |
705,630,322 |
2,899,631,069 |
|
12. Other expenses |
3,109,000,000 |
261,093,745 |
1,573,944,248 |
|
13. Other profit /(loss) |
1,508,000,000 |
444,536,577 |
1,325,686,821 |
|
14. Total accounting profit before tax |
3,491,000,000 |
2,244,722,177 |
1,259,086,121 |
|
15. Current corporate income tax |
873,000,000 |
392,826,381 |
352,544,114 |
|
16. Deferred corporate income tax |
0 |
0 |
0 |
|
17. Interest from subsidiaries/related companies |
0 |
0 |
0 |
|
18. Profit after tax |
2,618,000,000 |
1,851,895,796 |
906,542,007 |
|
|
||||
|
FINANCIAL RATIOS
AND AVERAGE INDUSTRY RATIOS |
||||
|
|
||||
|
Description |
FY2010 |
FY2009 |
FY2008 |
Average Industry |
|
Current liquidity ratio |
1.44 |
1.32 |
1.17 |
1.55 |
|
Quick liquidity ratio |
1.08 |
0.97 |
0.83 |
0.77 |
|
Inventory circle |
1.57 |
1.53 |
1.09 |
3.42 |
|
Average receive period |
358.01 |
323.92 |
296.20 |
57.30 |
|
Utilizing asset performance |
0.64 |
0.71 |
0.79 |
1.92 |
|
Liability by total assets |
63.24 |
69.45 |
80.00 |
72.25 |
|
Liability by owner's equity |
172.02 |
227.29 |
400.01 |
398.75 |
|
Ebit / Total assets (ROA) |
18.15 |
14.02 |
16.79 |
7.66 |
|
Ebit / Owner's equity (ROE) |
49.36 |
45.90 |
83.96 |
36.13 |
|
Ebit / Total revenue (NPM) |
24.15 |
17.43 |
18.46 |
4.32 |
|
Gross profit / Total revenue (GPM) |
38.22 |
48.72 |
55.21 |
10.19 |
|
Note: The Average Industry was calculated by VietnamCredit based on our own
statistical data |
||||
|
|
||||
PAYMENT HISTORY &
PERFORMANCE EXPERIENCES
|
||
|
|
||
|
Trade Morality |
|
Fair |
|
Liquidity |
|
Medium |
|
Payment status |
|
Average |
|
Financial Situation |
|
Average |
|
Development trend |
|
Positive |
|
Litigation data |
|
No Record |
|
Bankruptcy |
|
No Record |
|
Payment Methods |
|
Direct payment or through its corresponding bank. (L/C) or (D/A) |
|
Sale Methods |
|
Retailer and Wholesaler |
|
Public opinion |
|
Normal |
|
|
INTERPRETATION ON THE SCORES
|
|
|
|
NAMBAC
CO.,LTD
which was established in 2002 under business registration No.4102012757. At
present, the subject is operating under business registration No.0302786044
with chartered capital VND 10.7 billion. The subject is located at 860/80A
Xo Viet Nghe Tinh Street, Ward 25, Binh Thanh District, Ho Chi Minh City,
Vietnam.
The subject is specialized in manufacturing and trading plant protection
drug. Main products of the subject are Folban, Toplas, Altista, Calsihum…
which are used to destroy types of pestilent insects. The subject’s premises
and facilities are normal. The subject is also fertilizer manufacturer. The
subject mainly imports products from USA, India and China. Its products are
only traded in domestic market. The subject’s owners have experienced in this field
long time and created good relationship with customers. Besides subject, they
own some other enterprises which located in Binh Thuan, Binh Duong and Ho Chi
Minh city. According to the subject’s financial statement, its turnover and
profit are fairly good. Currently, the subject is operating normally. Its business activities are stable. The subject has capacity to meet small financial commitments. |
------------ APPENDIX ----------
INDUSTRY DATA
|
||||||
|
|
||||||
|
Industry code |
GDP growth speed
by price compared with 1994 (%) |
Total
enterprises 2010 |
Total employees
2011 (Thous.pers.) |
Annual average
capital of enterprises 2010 (billion dongs) |
||
|
2012 |
2011 |
|||||
|
Agriculture,
Forestry and Fishing |
2.72 |
4.00 |
8,887 |
24,362.9 |
95,227 |
|
|
Industry and
Construction |
4.52 |
5.53 |
95,217 |
10,718.9 |
3,641,376 |
|
|
Trade and
Services |
6.42 |
6.69 |
187,195 |
15,270.2 |
6,957,082 |
|
|
|
||||||
ECONOMIC INDICATORS
|
||||||
|
|
||||||
|
|
2012 |
2011 |
2010 |
|||
|
Population
(Million person) |
88.78 |
87.84 |
86.93 |
|||
|
Gross Domestic
Products (USD billion) |
136 |
119 |
102.2 |
|||
|
GDP Growth (%) |
5.03 |
5.89 |
6.78 |
|||
|
GDP Per Capita
(USD/person/year) |
1,540 |
1,300 |
1,160 |
|||
|
Inflation (%
Change in Composite CPI) |
9.21 |
18.58 |
11.75 |
|||
|
State Budget
Deficit compared with GDP (%) |
4.8 |
4.9 |
5.8 |
|||
|
|
||||||
SERVICE TRADE PERFORMANCE
|
||||||
|
|
||||||
|
Billion USD |
2012 |
2011 |
2010 |
|||
|
Exports |
114.6 |
96.3 |
72.2 |
|||
|
Imports |
114.3 |
105.8 |
84.8 |
|||
|
Trade Balance |
0.3 |
-9.5 |
-12.6 |
|||
Source: General
Statistics Office
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.60.13 |
|
|
1 |
Rs.89.52 |
|
Euro |
1 |
Rs.76.89 |
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.