|
Report Date : |
01.06.2013 |
IDENTIFICATION DETAILS
|
Name : |
THYSSENKRUPP MATERIALS VIETNAM LIMITED LIABILITY COMPANY |
|
|
|
|
Registered Office : |
Lot 42C Quang Minh Industrial Zone, Me Linh District, Ha Noi City |
|
|
|
|
Country : |
Vietnam |
|
|
|
|
Financials (as on) : |
31.12.2011 |
|
|
|
|
Date of Incorporation : |
2007 |
|
|
|
|
Com. Reg. No.: |
012023000203 |
|
|
|
|
Legal Form : |
Foreign invested company |
|
|
|
|
Line of Business : |
The subject is specialized in manufacturing, processing and trading
materials including steel, plastics, non-ferrous metals. |
|
|
|
|
No. of Employees : |
110 |
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) |
|
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 |
|
Current legal status |
||
|
English Name |
|
THYSSENKRUPP MATERIALS VIETNAM LIMITED LIABILITY COMPANY |
|
Vietnamese Name |
|
CONG TY TNHH KIM KHI THYSSENKRUPP VIETNAM |
|
Short name |
|
TKM VIETNAM |
|
Type of Business |
|
Foreign invested company |
|
Year Established |
|
2007 |
|
Investment Certificate No |
|
012023000203 |
|
Date Of Issuance |
|
31 Mar 2009 |
|
Place of Issuance |
|
Management Board of Hanoi Industrial
and Processing Zones |
|
Registered Investment Capital |
|
VND 198,400,000,000 |
|
Chartered capital |
|
VND 121,000,000,000 |
|
Investment Duration |
|
30 years |
|
Status |
|
Unlisted |
|
Tax code |
|
2500271058 |
|
Total Employees |
|
110 |
Historical Identification & Legal form
|
List |
Changed Items |
Date of changes |
|
1 |
Subject has got former Type of Business: JOINT VENTURE COMPANY Changed
to: FOREIGN INVESTED COMPANY |
14 Jun 2012 |
|
2 |
Subject has got former Board Of Director: HENDRIK DE JONG Changed to:
DOAN TUAN VIET |
01 Jan 2012 |
|
3 |
Subject has got former Address: Room No.708B, Floor 7 Hoang Anh Gia Lai
Building, No.1 Nguyen Van Linh Street - Hai Chau District - Da Nang City Changed to: No. 40 Hoang Van Thai Str - Hoa Minh - Lien Chieu - Da
Nang |
05 Mar 2010 |
|
4 |
Subject has got former Investment Certificate No: 192023000027 Changed
to: No.012023000203 |
31 Mar 2009 |
|
5 |
Subject has got former Chartered capital: VND 16,000,000,000 Changed
to: VND 121,000,000,000 |
31 Mar 2009 |
|
Head Office |
||
|
Address |
|
Lot 42C Quang Minh Industrial Zone, Me Linh District, Ha Noi City, Vietnam
|
|
Telephone |
|
(84-4) 3525 0555 |
|
Fax |
|
(84-4) 3525 0550 |
|
Email |
|
|
|
Website |
|
|
|
epresentative office in Da Nang |
||
|
Address |
|
No. 40 Hoang Van Thai Str Hoa Minh, Lien Chieu District, Da Nang City,
Vietnam |
|
Telephone |
|
(84-511) 3 765 768 |
|
Fax |
|
(84-511) 3 765 766 |
|
|
||
|
Branch in Ho Chi Minh |
||
|
Address |
|
Lot II-1 Street No.1, Tan Binh Industry Zone, Tan Thanh Ward, Tan Phu
District, Ho Chi Minh City, Vietnam |
|
Telephone |
|
(84-8) 3816 3333 |
|
Fax |
|
(84-8) 5435 5722 |
|
THYSSENKRUPP MATERIALS INTERNATIONAL GMBH (THYSSENKRUPP SERVICES AG) |
||
|
Business Registration |
|
HRB 62027 |
|
Place of Registration |
|
Amtsgericht, Dusseldorf, Germany |
|
Address |
|
Hans - Gunther- Sohl - Strabe 1, 40235, Dussenldorf , Germany |
|
Tel |
|
+49 (0)201 / 844-535091 |
|
Fax |
|
+49 (0)201 / 845-6535091 |
|
Website |
|
|
|
1. NAME |
|
Mr. DOAN TUAN VIET |
|
Position |
|
General Director |
|
Date of Birth |
|
13 Aug 1969 |
|
ID Number/Passport |
|
022101190 |
|
Resident |
|
No. 148 Vo Van Tan Street - Ward 6, 3 District,
Ho Chi Minh City, Vietnam |
|
Nationality |
|
Vietnamese |
|
|
||
|
2. NAME |
|
Mr. HENDRIK DE JONG |
|
Position |
|
Former General Director |
|
Date of Birth |
|
24 Nov 1958 |
|
ID Number/Passport |
|
NL 4380281 |
|
Nationality |
|
German |
|
Tel/Mobile phone |
|
+84 938425898 |
|
|
||
|
3. NAME |
|
Mr. DANG HAI SON |
|
Position |
|
Deputy General Director |
|
Date of Birth |
|
14 Mar 1975 |
|
ID Number/Passport |
|
280864486 |
|
ID Issue Date |
|
14 Sep 2007 |
|
ID Issue Place |
|
Binh Duong Police Station |
|
Resident |
|
Phu Loi , Thu Dau Mot City, Binh Duong Province,
Vietnam |
|
Nationality |
|
Vietnamese |
|
Tel/Mobile phone |
|
+84 903657146 |
|
|
||
|
4. NAME |
|
Mr. MARIJAN VAN ASPEREN |
|
Position |
|
Production Director |
|
Nationality |
|
German |
|
|
||
|
5. NAME |
|
Ms. DANG THI ANH THO |
|
Position |
|
Chief Accountant |
|
Nationality |
|
Vietnamese |
|
Tel/Mobile phone |
|
+84 936631188 |
|
Email |
|
tho.dang-anh@thyssenkrupp.com |
The subject is specialized in manufacturing, processing and trading
materials including steel, plastics, non-ferrous metals...
|
IMPORT: |
||
|
Types of products |
|
Metal Products |
|
Market |
|
Germany (mainly), Taiwan, Singapore, Malaysia, China and Korea |
|
Mode of payment |
|
L/C, T/T |
|
|
||
|
EXPORT: |
||
|
Note: Currently, the
subject does not export. |
||
|
1. CITI BANK – HANOI BRANCH |
||
|
Address |
|
17 Ngo Quyen Str, Hoan Kiem District, Ha Noi City, Vietnam |
|
Telephone |
|
(84-4) 38257888 |
|
Fax |
|
(84-4) 38243960 |
|
|
||
|
2. DEUTSCHE BANK |
||
|
Address |
|
Saigon Center Building, No. 65 Le Loi Street, Hochiminh City, Vietnam |
|
Telephone |
|
84 8 829 9000 |
|
Fax |
|
84 8 822 2760 |
|
NAME |
|
THYSSENKRUPP MATERIALS INTERNATIONAL GMBH (THYSSENKRUPP SERVICES AG) |
|
Business Registration |
|
HRB 62027 |
|
Place of Registration |
|
Amtsgericht, Dusseldorf, Germany |
|
Address |
|
Hans - Gunther- Sohl - strabe 1, 40235 Dussenldorf, Dussenldorf ,
Germany |
|
Tel |
|
49 211 967-0 |
|
Fax |
|
49211967-5839 |
|
Value of shares |
|
VND 121,000,000,000 |
|
Percentage |
|
100% |
|
BALANCE SHEET |
|||
|
Unit: One VND |
|||
|
Balance sheet
date |
31/12/2011 |
31/12/2010 |
31/12/2009 |
|
Number of weeks |
52 |
52 |
52 |
|
ASSETS |
|||
|
A – CURRENT ASSETS |
253,619,000,000 |
220,702,000,000 |
159,550,353,988 |
|
I. Cash and cash equivalents |
4,642,000,000 |
2,056,000,000 |
11,847,253,275 |
|
1. Cash |
4,642,000,000 |
2,056,000,000 |
11,847,253,275 |
|
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 |
91,789,000,000 |
112,416,000,000 |
65,207,786,420 |
|
1. Receivable from customers |
94,832,000,000 |
113,683,000,000 |
61,870,798,343 |
|
2. Prepayments to suppliers |
1,276,000,000 |
722,000,000 |
4,868,424,594 |
|
3. Inter-company receivable |
363,000,000 |
0 |
173,576,004 |
|
4. Receivable according to the progress of construction |
0 |
0 |
0 |
|
5. Other receivable |
78,000,000 |
80,000,000 |
79,968,954 |
|
6. Provisions for bad debts |
-4,760,000,000 |
-2,069,000,000 |
-1,784,981,475 |
|
IV. Inventories |
151,960,000,000 |
103,857,000,000 |
81,364,176,219 |
|
1. Inventories |
154,895,000,000 |
105,575,000,000 |
87,618,502,808 |
|
2. Provisions for devaluation of inventories |
-2,935,000,000 |
-1,718,000,000 |
-6,254,326,589 |
|
V. Other Current Assets |
5,228,000,000 |
2,373,000,000 |
1,131,138,074 |
|
1. Short-term prepaid expenses |
116,000,000 |
38,000,000 |
203,639,006 |
|
2. VAT to be deducted |
5,064,000,000 |
2,072,000,000 |
574,533,810 |
|
3. Taxes and other accounts receivable from the State |
0 |
181,000,000 |
236,240,983 |
|
4. Other current assets |
48,000,000 |
82,000,000 |
116,724,275 |
|
B. LONG-TERM ASSETS |
13,644,000,000 |
13,278,000,000 |
16,200,708,979 |
|
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 |
11,715,000,000 |
11,326,000,000 |
13,842,626,101 |
|
1. Tangible assets |
11,632,000,000 |
11,114,000,000 |
13,349,075,967 |
|
- Historical costs |
20,739,000,000 |
17,779,000,000 |
17,234,450,302 |
|
- Accumulated depreciation |
-9,107,000,000 |
-6,665,000,000 |
-3,885,374,335 |
|
2. Financial leasehold assets |
0 |
0 |
0 |
|
- Historical costs |
0 |
0 |
0 |
|
- Accumulated depreciation |
0 |
0 |
0 |
|
3. Intangible assets |
83,000,000 |
212,000,000 |
493,550,134 |
|
- Initial costs |
903,000,000 |
902,000,000 |
994,982,415 |
|
- Accumulated amortization |
-820,000,000 |
-690,000,000 |
-501,432,281 |
|
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 |
1,929,000,000 |
1,952,000,000 |
2,358,082,878 |
|
1. Long-term prepaid expenses |
264,000,000 |
253,000,000 |
658,575,801 |
|
2. Deferred income tax assets |
0 |
0 |
0 |
|
3. Other long-term assets |
1,665,000,000 |
1,699,000,000 |
1,699,507,077 |
|
VI. Goodwill |
|
0 |
0 |
|
1. Goodwill |
|
0 |
0 |
|
TOTAL ASSETS |
267,263,000,000 |
233,980,000,000 |
175,751,062,967 |
|
|
|||
|
LIABILITIES |
|||
|
A- LIABILITIES |
267,646,000,000 |
201,518,000,000 |
139,716,919,316 |
|
I. Current liabilities |
267,239,000,000 |
201,054,000,000 |
139,174,485,416 |
|
1. Short-term debts and loans |
227,771,000,000 |
158,650,000,000 |
106,900,000,000 |
|
2. Payable to suppliers |
22,446,000,000 |
28,401,000,000 |
13,965,259,742 |
|
3. Advances from customers |
2,147,000,000 |
774,000,000 |
1,116,011,846 |
|
4. Taxes and other obligations to the State Budget |
1,918,000,000 |
3,881,000,000 |
675,153,007 |
|
5. Payable to employees |
11,000,000 |
824,000,000 |
1,840,123,759 |
|
6. Accrued expenses |
9,877,000,000 |
4,882,000,000 |
5,737,998,358 |
|
7. Inter-company payable |
2,834,000,000 |
3,306,000,000 |
8,798,097,681 |
|
8. Payable according to the progress of construction contracts |
0 |
0 |
0 |
|
9. Other payable |
235,000,000 |
336,000,000 |
141,841,023 |
|
10. Provisions for short-term accounts payable |
0 |
0 |
0 |
|
11. Bonus and welfare funds |
0 |
|
|
|
II. Long-Term Liabilities |
407,000,000 |
464,000,000 |
542,433,900 |
|
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 |
407,000,000 |
0 |
0 |
|
6. Provisions for unemployment allowances |
0 |
464,000,000 |
542,433,900 |
|
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 |
-383,000,000 |
32,462,000,000 |
36,034,143,651 |
|
I. OWNER’S EQUITY |
-383,000,000 |
32,462,000,000 |
36,034,143,651 |
|
1. Capital |
121,000,000,000 |
121,000,000,000 |
121,000,000,000 |
|
2. Share premiums |
0 |
0 |
0 |
|
3. Other sources of capital |
0 |
0 |
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 |
-121,383,000,000 |
0 |
0 |
|
8. Financial reserved fund |
0 |
0 |
0 |
|
9. Other funds |
0 |
0 |
0 |
|
10. Retained earnings |
0 |
-88,538,000,000 |
-84,965,856,349 |
|
11. Construction investment fund |
0 |
0 |
0 |
|
12. Business arrangement supporting fund |
0 |
0 |
0 |
|
II. Other sources and funds |
0 |
0 |
0 |
|
1. Bonus and welfare funds (Elder form) |
0 |
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 |
267,263,000,000 |
233,980,000,000 |
175,751,062,967 |
|
|
|||
|
PROFIT &
LOSS STATEMENT |
|||
|
|
|||
|
Description |
FY2011 |
FY2010 |
FY2009 |
|
1. Total Sales |
663,279,000,000 |
613,351,000,000 |
387,588,583,302 |
|
2. Deduction item |
12,829,000,000 |
7,860,000,000 |
8,225,379,610 |
|
3. Net revenue |
650,450,000,000 |
605,491,000,000 |
379,363,203,692 |
|
4. Costs of goods sold |
583,393,000,000 |
545,618,000,000 |
378,771,991,926 |
|
5. Gross profit |
67,057,000,000 |
59,873,000,000 |
591,211,766 |
|
6. Financial income |
978,000,000 |
845,000,000 |
380,891,085 |
|
7. Financial expenses |
41,368,000,000 |
21,107,000,000 |
18,432,493,783 |
|
- In which: Loan interest expenses |
0 |
0 |
18,432,493,783 |
|
8. Selling expenses |
20,698,000,000 |
14,335,000,000 |
13,754,899,057 |
|
9. Administrative overheads |
39,531,000,000 |
29,283,000,000 |
29,067,874,988 |
|
10. Net operating profit |
-33,562,000,000 |
-4,007,000,000 |
-60,283,164,977 |
|
11. Other income |
740,000,000 |
443,000,000 |
389,321,419 |
|
12. Other expenses |
23,000,000 |
8,000,000 |
154,990,766 |
|
13. Other profit /(loss) |
717,000,000 |
435,000,000 |
234,330,653 |
|
14. Total accounting profit before tax |
-32,845,000,000 |
-3,572,000,000 |
-60,048,834,324 |
|
15. Current corporate income tax |
0 |
0 |
0 |
|
16. Deferred corporate income tax |
0 |
0 |
0 |
|
17. Interest from subsidiaries/related companies |
0 |
0 |
0 |
|
18. Profit after tax |
-32,845,000,000 |
-3,572,000,000 |
-60,048,834,324 |
|
Description |
FY2011 |
FY2010 |
FY2009 |
Average Industry |
|
Current liquidity ratio |
0.95 |
1.10 |
1.15 |
1.18 |
|
Quick liquidity ratio |
0.38 |
0.58 |
0.56 |
0.54 |
|
Inventory circle |
3.84 |
5.25 |
3.53 |
3.48 |
|
Average receive period |
51.51 |
67.77 |
62.74 |
62.32 |
|
Utilizing asset performance |
2.43 |
2.59 |
2.16 |
1.02 |
|
Liability by total assets |
100.14 |
86.13 |
79.50 |
64.29 |
|
Liability by owner's equity |
-69,881.46 |
620.78 |
387.73 |
198.96 |
|
Ebit / Total assets (ROA) |
-12.29 |
-1.53 |
-23.68 |
6.25 |
|
Ebit / Owner's equity (ROE) |
8,575.72 |
-11.00 |
-115.49 |
16.74 |
|
Ebit / Total revenue (NPM) |
-4.95 |
-0.58 |
-10.74 |
5.52 |
|
Gross profit / Total revenue (GPM) |
10.11 |
9.76 |
0.15 |
13.15 |
|
Note: The Average Industry was calculated by VietnamCredit based on our own statistical data |
||||
|
|
||
|
Trade Morality |
|
Fair |
|
Liquidity |
|
Low |
|
Payment status |
|
Normal |
|
Financial Situation |
|
Below average |
|
Development trend |
|
Negative |
|
Litigation data |
|
No Record |
|
Bankruptcy |
|
No Record |
|
Payment Methods |
|
L/C, T/T |
|
Sale Methods |
|
Retailer and Wholesaler |
|
Public opinion |
|
Normal |
The subject was
set up in 2007 from cooperation between THYSSENKRUPP MATERIALS INTERNATIONAL GMBH
and DONG DO METALS COMPANY LIMITED with name of THYSSENKRUPP MATERIALS VIETNAM LIMITED
LIABILITY COMPANY. At that time, the subject operated as joint venture company
following the investment certificate No. 192023000027. However, to June 2012,
all capital contribution of DONG DO METALS COMPANY LIMITED had been transferred
to THYSSENKRUPP MATERIALS INTERNATIONAL GMBH and the subject became wholly
invested foreign company. Currently, the subject is operating under investment
license No. 012023000203, issued on 31 Mar 2009 with registered investment
capital VND 198,400,000,000.
Head office of the subject is located at Lot 42C Quang Minh Industrial
Zone - Me Linh District - Hanoi City – Vietnam. The subject also has some
branches in Danang and Hochiminh cities. The principle activities of the
subject are: manufacturing, processing and trading materials including steel,
plastics, and non-ferrous metals...These products are provided to construction
and shipbuilding industries in the local market. All materials and some
products are imported from foreign markets, mainly from Germany throughout the
support of the parent company in there.
According to the financial data of the subject from 2009 to 2011 we
showed that the operation of the subject seemed not good. Although total sales
were increased year by year, they mainly came from liabilities of the subject.
This indicated that self-financing of the subject is low and financial risk is
high. Total sales were also increased from year to year but the subject did not
have profit in all three years in succession due to high costs from doing business.
In summary, high costs of goods sold are main caution for loss of the
subject. However most FID companies in Vietnam has transferred profit to its
parent company through importing goods from its parent company with high price.
Thus financial data as above may not really reflect situation of the subject. A
little caution with medium and big financial commitments.
|
INDUSTRY DATA |
||||||
|
|
||||||
|
Industry code |
Growth speed by price compared with 1994 (%) |
Total enterprises 2010 |
Total employees 2011 (Thous.pers.) |
Annual average capital of enterprises 2010 (billion dongs) |
||
|
2011 |
2010 |
|||||
|
Agriculture, Forestry and Fishing |
4.00 |
2.78 |
8,887 |
24,362.9 |
95,227 |
|
|
Industry and Construction |
5.53 |
7.70 |
95,217 |
10,718.9 |
3,641,376 |
|
|
Trade and Services |
6.69 |
7.52 |
187,195 |
15,270.2 |
6,957,082 |
|
|
|
||||||
|
ECONOMIC INDICATORS |
||||||
|
|
||||||
|
|
2011 |
2010 |
2009 |
|||
|
Population (Million
person) |
87.84 |
86.93 |
86.02 |
|||
|
Gross Domestic Products
(USD billion) |
119 |
102.2 |
91 |
|||
|
GDP Growth (%) |
5.89 |
6.78 |
5.32 |
|||
|
GDP Per Capita
(USD/person/year) |
1,300 |
1,160 |
1,080 |
|||
|
Inflation (% Change in
Composite CPI) |
18.58 |
11.75 |
6.88 |
|||
|
State Budget Deficit compared
with GDP (%) |
4.9 |
5.8 |
6.9 |
|||
|
|
||||||
|
SERVICE TRADE PERFORMANCE |
||||||
|
|
||||||
|
Billion USD |
2011 |
2010 |
2009 |
|||
|
Exports |
96.3 |
72.2 |
57.1 |
|||
|
Imports |
105.8 |
84.8 |
69.9 |
|||
|
Trade Balance |
-9.5 |
-12.6 |
-12.8 |
|||
Source: General Statistics Office
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.56.49 |
|
|
1 |
Rs.86.81 |
|
Euro |
1 |
Rs.73.68 |
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.