MIRA INFORM REPORT

 

 

Report Date :

06.03.2013

 

IDENTIFICATION DETAILS

 

Name :

OSIM INTERNATIONAL LTD

 

 

Formerly Known As :

OSIM INTERNATIONAL (S) PTE LTD

 

 

Registered Office :

65 Ubi Avenue 1 Osim Headquarters Singapore 408939

 

 

Country :

Singapore

 

 

Financials (as on) :

31.12.2011

 

 

Date of Incorporation :

27.08.1983

 

 

Com. Reg. No.:

198304191N

 

 

Legal Form :

Public Company Limited By Shares

 

 

Line of Business :

Wholesale On A Fee Or Contract Basis (Eg Commission Agents)

 

 

No. of Employees :

Not Available

 

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 :

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 – June 30th, 2012

 

Country Name

Previous Rating

(31.03.2011)

Current Rating

(30.06.2012)

Singapore

A1

A1

 

Risk Category

ECGC Classification

Insignificant

 

A1

Low

 

A2

Moderate

 

B1

High

 

B2

Very High

 

C1

Restricted

 

C2

Off-credit

 

D

 

 

SINGAPORE - ECONOMIC OVERVIEW

 

Singapore has a highly developed and successful free-market economy. It enjoys a remarkably open and corruption-free environment, stable prices, and a per capita GDP higher than that of most developed countries. The economy depends heavily on exports, particularly in consumer electronics, information technology products, pharmaceuticals, and on a growing financial services sector. Real GDP growth averaged 8.6% between 2004 and 2007. The economy contracted 1.0% in 2009 as a result of the global financial crisis, but rebounded 14.8% in 2010 and 4.9% in 2011, on the strength of renewed exports. Over the longer term, the government hopes to establish a new growth path that focuses on raising productivity, which has sunk to a compound annual growth rate of just 1.8% in the last decade. Singapore has attracted major investments in pharmaceuticals and medical technology production and will continue efforts to establish Singapore as Southeast Asia's financial and high-tech hub.

Source : CIA

 

Company Name:

Registered Number:

OSIM INTERNATIONAL LTD

198304191N

 

Date Incorporated:

Registered Office:

Telephone Number:

27/08/1983

65 UBI AVENUE 1 OSIM HEADQUARTERS SINGAPORE 408939

6747 6866

Age of Company:

Website:

Industry Type:

30

www.osim.com

COMMERCE-RETAIL

 

 

Risk Dashboard

Days Beyond Terms

Trend:

No. of Litigation Counts:

Company DTC:

4

35

Better than last month; last month the entity took 50 days to pay

No. of Charges(s):
0

Industry DTC

 

28

 

Directors

 

Corporate Structure

Number of Current Directors

8

Holding Company:

NA

Number that are shareholders

NA

No. of Subsidiaries & Associated Companies:

4

 

EXECUTIVE SUMMARY

 

Company Name

:

OSIM INTERNATIONAL LTD

Registration No

:

198304191N

Date of Registration

:

27/08/1983

Former Name

:

1.R. SIM & COMPANY PTE LTD Eff. date : 17/11/1988 Eff. date : 17/11/1988

2.OSIM INTERNATIONAL (S) PTE LTD Eff. date : 02/09/1996 Eff. date : 02/09/1996

Date of Change of Name

:

04/07/2000

Type of Company

:

PUBLIC COMPANY LIMITED BY SHARES

Registered Address

:

65 UBI AVENUE 1 OSIM HEADQUARTERS SINGAPORE 408939

Date of Change of Address

:

06/03/2002

Contact No.

:

6747 6866

Fax No.

:

6846 4818

Website

:

www.osim.com

Registered Activities

:

1. GENERAL WHOLESALE TRADE (INCLUDING GENERAL IMPORTERS AND EXPORTERS)

2. WHOLESALE ON A FEE OR CONTRACT BASIS (EG COMMISSION AGENTS)

Issued Ordinary Capital*

:

$51,724,302.80 SINGAPORE, DOLLARS, NO. OF SHARE : 752,949,061

Issued Preference Capital

:

NA

Paid-Up Ordinary Capital

:

$51,724,302.80 SINGAPORE, DOLLARS

Paid-Up Preference Capital

:

NA

* Number of Shares includes number of Issued Treasury Shares

Issued Treasury Capital

:

NA

Paid-Up Treasury Capital

:

$20,448,786.97 SINGAPORE, DOLLARS NO. OF SHARE : 0

No. of Local Subsidiaries

:

3

No. of Local Associates

:

1

Auditor

:

ERNST & YOUNG LLP

Bankers / Financiers

:

NA

Turnover

:

SGD - SIN 553,740,000.00 (FY2011)

Net Worth

:

SGD - SIN 168,507,000.00 (FY2011)

No. of Bank Charges

:

NA

No. of Litigation Suits

:

4

S1000 / SME 1000 / FG50 Ranking

:

448 POSITION IN Singapore 1000 Companies Ranked by Net Profit (2011/2012)

83 POSITION IN Singapore 500 Public Listed Companies Ranked By Sales/Turnover (2011/2012)

582 POSITION IN Singapore 1000 Companies Ranked by Sales/Turnover (2011/2012)

554 POSITION IN Singapore 1000 Companies Ranked by Sales/Turnover (2010/2011)

562 POSITION IN Singapore 1000 Companies Ranked by Net Profit (2010/2011)

Compounded Annual Growth Rate (CAGR)

:

1.41% (4 years)

 

 

SHAREHOLDER DETAILS

 

As Subject is registered as a public company limited by shares, its shareholder details are not available. Please refer to documentary for information.

 

 

OFFICER DETAILS

 

NAME

:

TAN SOO NAN @ TAN SOO NAM

ADDRESS

:

162 CORONATION ROAD WEST CORONATION WEST PARK SINGAPORE 269379

POSITION

:

DIRECTOR

DATE OF APPT

:

01/02/2010

NATIONALITY

:

SINGAPORE CITIZEN

I/C PASSPORT

:

S0000563J

 

NAME

:

RON SIM CHYE HOCK

ADDRESS

:

15 BIN TONG PARK BIN TONG PARK SINGAPORE 269796

POSITION

:

DIRECTOR

MANAGING DIRECTOR

DATE OF APPT

:

27/08/1983

28/03/2000

NATIONALITY

:

SINGAPORE CITIZEN

I/C PASSPORT

:

S1303125H

 

NAME

:

TEO CHAY LEE

ADDRESS

:

222 LOYANG AVENUE #01-06 LOYANG VALLEY SINGAPORE 509068

POSITION

:

DIRECTOR

DATE OF APPT

:

30/06/2000

NATIONALITY

:

SINGAPORE CITIZEN

I/C PASSPORT

:

S1315814B

 

NAME

:

SIN BOON ANN

ADDRESS

:

329 RIVER VALLEY ROAD #05-02 YONG AN PARK SINGAPORE 238361

POSITION

:

DIRECTOR

DATE OF APPT

:

01/02/2010

NATIONALITY

:

SINGAPORE CITIZEN

I/C PASSPORT

:

S1327365J

 

NAME

:

LEOW LIAN SOON

ADDRESS

:

210 LOYANG AVENUE #01-05 LOYANG VALLEY SINGAPORE 509063

POSITION

:

DIRECTOR

DATE OF APPT

:

30/06/2000

NATIONALITY

:

SINGAPORE CITIZEN

I/C PASSPORT

:

S1413181G

 

NAME

:

COLIN LOW TOCK CHEONG

ADDRESS

:

1 JERVOIS CLOSE #08-03 ONE JERVOIS SINGAPORE 249115

POSITION

:

DIRECTOR

DATE OF APPT

:

31/12/2010

NATIONALITY

:

SINGAPORE CITIZEN

I/C PASSPORT

:

S1485022H

 

NAME

:

TEO SWAY HEONG

ADDRESS

:

15 BIN TONG PARK BIN TONG PARK SINGAPORE 269796

POSITION

:

DIRECTOR

DATE OF APPT

:

27/07/1987

NATIONALITY

:

SINGAPORE CITIZEN

I/C PASSPORT

:

S1544294H

 

 

NAME

:

LEE HWAI KIAT

ADDRESS

:

24 ST. NICHOLAS VIEW SINGAPORE 567987

POSITION

:

SECRETARY

DIRECTOR

DATE OF APPT

:

01/04/2002

03/05/2005

NATIONALITY

:

SINGAPORE CITIZEN

I/C PASSPORT

:

S2566836G

 

 

 

KEY PERSONNEL PROFILE

 

Name:

RON SIM CHYE HOCK

NRIC Number:

S1303125H

Available Address:

15 BIN TONG PARK BIN TONG PARK  SINGAPORE 269796

 

 

Current Business Interest

 

No.

Name

Position

Appt Date

#of Share

%

1

NEW CAPITOL PTE. LTD.

DIRECTOR

06/03/2012

2

100.00

2

NUTRI-ACTIVE PTE LTD

DIRECTOR

03/05/2007

-

NA

3

ODC LOGISTICS (S) PTE LTD

DIRECTOR

11/09/1990

20999999

99.99

4

ODC LOGISTICS (S) PTE LTD

SHAREHOLDER

-

20999999

99.99

5

ONI GLOBAL PTE. LTD.

DIRECTOR

03/05/2007

-

NA

6

OSDC INVESTMENT PTE LTD

DIRECTOR

26/08/1989

150000

50.00

7

OSDC INVESTMENT PTE LTD

SHAREHOLDER

-

150000

50.00

8

OSIM INTERNATIONAL LTD

MANAGING DIRECTOR

28/03/2000

-

NA

9

OSIM INTERNATIONAL LTD

DIRECTOR

27/08/1983

-

NA

10

OSIM-TWG TEA (NORTH ASIA) PTE. LTD.

DIRECTOR

01/06/2011

-

NA

11

OSIM-TWG TEA (NORTH ASIA) PTE. LTD.

MANAGING DIRECTOR

01/06/2011

-

NA

12

PERENNIAL (CAPITOL) PTE. LTD.

DIRECTOR

18/11/2010

40

40.00

13

PERENNIAL (CHIJMES) PTE. LTD.

DIRECTOR

30/04/2012

114

45.96

14

PERENNIAL TONGZHOU DEVELOPMENT PTE. LTD.

DIRECTOR

15/11/2012

30190

7.89

15

PRE 6 INVESTMENTS PTE. LTD.

DIRECTOR

23/05/2011

2

100.00

16

PRE 6 INVESTMENTS PTE. LTD.

SHAREHOLDER

-

2

100.00

17

TWG TEA COMPANY PTE. LTD.

DIRECTOR

01/06/2011

-

NA

18

VICTORIA HOUSE PTE LTD

DIRECTOR

03/05/2007

-

NA

 

 

Previous Business

 

No.

Name

 

 

Status

Position

Appt Date

Last Known Inactive Date

1

ASIA GROWTH (S) PTE LTD

STRUCK OFF

DIRECTOR

06/01/1990

01/05/1994

2

ASIA GROWTH (S) PTE LTD

STRUCK OFF

SHAREHOLDER

-

27/06/2002

3

CARONA HOLDINGS PTE LTD

LIVE COMPANY

SHAREHOLDER

-

12/09/2012

4

FOODPLEX TRADING PTE. LTD.

IN LIQUIDATION - MEMBERS' VOLUNTARY WINDING UP

SHAREHOLDER

-

-

5

GLOBAL HEALTH PTE LTD

STRUCK OFF

DIRECTOR

11/06/1994

10/01/2003

6

GLOBAL HEALTH PTE LTD

STRUCK OFF

SHAREHOLDER

-

-

7

HOMEDICS PTE LTD

STRUCK OFF

DIRECTOR

21/02/1997

10/01/2003

8

HOMEDICS PTE LTD

STRUCK OFF

SHAREHOLDER

-

-

9

IMAG CONTRACTS PTE LTD

STRUCK OFF

DIRECTOR

16/11/1989

22/04/1991

10

KANDLES PTE. LTD.

LIVE COMPANY

DIRECTOR

11/09/1990

26/06/2012

11

KANDLES PTE. LTD.

LIVE COMPANY

SHAREHOLDER

-

26/06/2012

12

OSIM EXPRESS S'PORE PTE LTD

STRUCK OFF

DIRECTOR

18/08/1995

10/01/2003

13

OSIM EXPRESS S'PORE PTE LTD

STRUCK OFF

SHAREHOLDER

-

-

14

OSIM INTERNATIONAL LTD

LIVE COMPANY

SHAREHOLDER

-

01/03/2013

15

OSIM LOGISTICS INTERNATIONAL PTE LTD

STRUCK OFF

DIRECTOR

18/08/1995

02/08/2003

16

OSIM LOGISTICS INTERNATIONAL PTE LTD

STRUCK OFF

SHAREHOLDER

-

-

17

OSIM PTE LTD

STRUCK OFF

DIRECTOR

11/09/1990

10/01/2003

18

OSIM PTE LTD

STRUCK OFF

SHAREHOLDER

-

-

19

PERENNIAL TONGZHOU DEVELOPMENT 1 PTE. LTD.

LIVE COMPANY

DIRECTOR

11/02/2011

01/03/2013

20

PERENNIAL TONGZHOU DEVELOPMENT 2 PTE. LTD.

LIVE COMPANY

DIRECTOR

11/02/2011

10/12/2012

21

PERENNIAL TONGZHOU DEVELOPMENT 2 PTE. LTD.

LIVE COMPANY

SHAREHOLDER

-

10/12/2012

22

PERENNIAL TONGZHOU DEVELOPMENT PTE. LTD.

LIVE COMPANY

DIRECTOR

11/02/2011

01/03/2013

23

PERENNIAL XI'AN DEVELOPMENT HOLDING 1 PTE. LTD.

LIVE COMPANY

DIRECTOR

11/02/2011

27/11/2012

24

PERENNIAL XI'AN DEVELOPMENT HOLDING 1 PTE. LTD.

LIVE COMPANY

SHAREHOLDER

-

27/11/2012

25

PLASMA PRECISION TECHNOLOGY PTE LTD

LIVE COMPANY

DIRECTOR

25/08/1992

27/09/2012

26

PLASMA PRECISION TECHNOLOGY PTE LTD

LIVE COMPANY

SHAREHOLDER

-

27/09/2012

27

R SIM TRADING CO

TERMINATION

MANAGER

05/11/1980

01/08/1983

28

R SIM TRADING CO

TERMINATION

OWNER

05/11/1980

01/08/1983

29

R. SIM HOLDING PTE. LTD.

STRUCK OFF

DIRECTOR

03/09/1996

04/03/2010

30

R. SIM HOLDING PTE. LTD.

STRUCK OFF

SHAREHOLDER

-

-

31

REBORNE PTE. LTD.

LIVE COMPANY

DIRECTOR

03/11/2008

30/01/2013

32

RON GROWTH ENTERPRISE

TERMINATION

MANAGER

15/07/1983

01/07/1988

33

RON GROWTH ENTERPRISE

TERMINATION

OWNER

15/07/1983

01/07/1988

34

SCENIC RESORTS PTE LTD

LIVE COMPANY

DIRECTOR

24/03/1995

09/11/1998

35

SENTOSA LEISURE HOLDINGS PTE. LTD.

LIVE COMPANY

DIRECTOR

27/09/2006

27/02/2013

36

SHEN PROPERTY & INVESTMENT PTE LTD

STRUCK OFF

DIRECTOR

21/03/1987

04/01/1996

37

SHEN PROPERTY & INVESTMENT PTE LTD

STRUCK OFF

SHAREHOLDER

-

04/11/2008

 

 

Bankruptcy Record

 

Case No.

Year

Date of Filing

Petitioner Name

Amount

No Trace

 

 

 

 

 

 

Litigation Search – Writ of Summons

 

Court

Case No.

Transfer

Year

Date of Filing

Amount

Cause Category

No Trace

 

 

 

 

 

 

 

 

SUBSIDIARIES AND ASSOCIATE COMPANIES

 

Company

Shareholdings (%)

 

OSIM SERVICES PTE. LTD.

100

ONI GLOBAL PTE. LTD.

94.7

OSIM-TWG TEA (NORTH ASIA) PTE. LTD.

60

TWG TEA COMPANY PTE. LTD.

34.99

 

                                                                                                                       

BANKERS/ FINANCIERS

 

Subject enjoys a normal banking routine with its bankers. To date, there are no bank charges registered against Subject by its bankers.

 

             

LITIGATION

 

To date, there have been 4 litigation suits filed against Subject.

 

 

Current Year

On/After 01 Jan 2013

Past Years

Bef 01 Jan 2013

 

Court (Claim under normal circumstances)

Magistrate (< $80,000)

0

4

District ($80,000 - $250,000)

0

0

High (>$250,000)

0

0

 

Winding Up Trace

 

No

In litigation/Dissolved/Struck Off/In receivership

No

 

The details are as follows:

 

1)

Court

:

Magistrate Court

 

Case No.

:

27650

 

Transfer

:

-

 

Date of Filing

:

23/10/2008

 

Amount

:

4,250.00

 

Cause

:

Tort - Negligence (Motor Accidents Without Death/ Injury)

 

Case Status

:

CONCLUDED

 

Plaintiff

:

NG GEK YUEN (NRIC NO. S1500618H)

 

2)

Court

:

Magistrate Court

 

Case No.

:

25026

 

Transfer

:

-

 

Date of Filing

:

26/09/2008

 

Amount

:

1,940.00

 

Cause

:

Tort - Negligence (Motor Accidents Without Death/ Injury)

 

Case Status

:

CONCLUDED

 

Plaintiff

:

TEO HER SING

 

3)

Court

:

Magistrate Court

 

Case No.

:

12174

 

Transfer

:

-

 

Date of Filing

:

28/05/2007

 

Amount

:

15,000.00

 

Cause

:

Tort - Negligence (Motor Accidents Without Death/ Injury)

 

Case Status

:

CONCLUDED

 

Plaintiff

:

BHATTACHARYYA SAURAV

 

4)

Court

:

Magistrate Court

 

Case No.

:

18720

 

Transfer

:

-

 

Date of Filing

:

28/07/1998

 

Amount

:

13,735.05

 

Cause

:

Contracts - Work Done And Service Rendered

 

Case Status

:

DEEMED DISCONTINUED

 

Plaintiff

:

SEN ART PTE LTD

 

 

COMPLIANCE

 

Date of Last AGM

:

27/03/2012

Date of Last AR

:

25/04/2012

Date of A/C Laid At Last AGM

:

31/12/2011

 

COMPLIANCE RATING FOR ANNUAL FILING

 

http://www.bizfile.gov.sg/mybizfile/prod/pop_up/Tick.png

ANNUAL GENERAL MEETING, ANNUAL RETURN AND ACCOUNTS UP-TO-DATE

 

 

 

Note:

Provided by ACRA (Accounting and Corporate Regulatory Authority), the Compliance Rating for Annual Filing measures a company’s compliance with the provisions under S175, S197 or S201 of the Companies Act, Cap. 50.

 

Applicable to all “Live” locally incorporated companies except for the Limited Partnerships, Limited Liability Partnerships, Business Entities, Foreign Companies and Public Accounting Firms, the rating provide information on whether a company is up-to-date with the holding of its Annual General Meeting (AGM) with up-to-date financial statements and filing of its Annual Return (AR).

 

For more information: www.acra.gov.sg/compliance

 

 

FINANCIAL HIGHLIGHTS

 

Financial Figures

Group

 

DEC 2011

% Change

DEC 2010

DEC 2009

DEC 2008

DEC 2007

Currency

SGD - SIN

 

SGD - SIN

SGD - SIN

SGD - SIN

SGD - SIN

Profit and Loss Key Figures

 

 

 

 

 

 

Turnover

553,740,000

8.85

508,738,000

476,767,000

456,661,000

523,673,000

Profit/(Loss) Before Tax

98,049,000

44.85

67,690,000

37,654,000

(92,191,000)

5,435,000

Profit After Tax attributable to Shareholders

69,939,000

40.41

49,809,000

24,562,000

(98,035,000)

3,654,000

 

 

 

 

 

 

 

Balance Sheet Key Figures

 

 

 

 

 

 

Total Assets

431,076,000

80.24

239,162,000

230,722,000

213,463,000

364,721,000

Current Assets

322,559,000

91.14

168,755,000

166,477,000

121,544,000

143,300,000

Non Current Assets

108,517,000

54.13

70,407,000

64,245,000

91,919,000

221,421,000

 

 

 

 

 

 

 

Total Liabilities

262,569,000

103.18

129,230,000

126,384,000

137,709,000

198,066,000

Current Liabilities

140,556,000

10.85

126,802,000

122,731,000

111,807,000

150,139,000

Non Current Liabilities

122,013,000

4,925.25

2,428,000

3,653,000

25,902,000

47,927,000

 

 

 

 

 

 

 

Shareholders' Funds

168,507,000

53.28

109,932,000

104,338,000

75,754,000

166,655,000

Share Capital

63,983,000

-11.64

72,410,000

49,252,000

42,574,000

42,574,000

Total Reserves

104,524,000

178.57

37,522,000

55,086,000

33,180,000

124,081,000

 

 

 

 

 

 

 

 

 

 

FINANCIAL RATIOS

 

 

Group

 

DEC 2011

DEC 2010

DEC 2009

DEC 2008

DEC 2007

Growth %

 

 

 

 

 

Year-on-Year Growth

8.85

6.71

4.40

-12.80

NA

 

 

 

 

 

 

Profitability

 

 

 

 

 

Profit Margin (%)

12.63

9.79

5.15

NA

0.70

Return on Equity (%)

41.51

45.31

23.54

NA

2.19

Return on Assets (%)

16.22

20.83

10.65

NA

1.00

 

 

 

 

 

 

Leverage

 

 

 

 

 

Total Debt/Equity (Times)

1.56

1.18

1.21

1.82

1.19

Current Debt/Equity (Times)

0.83

1.15

1.18

1.48

0.90

Long Term Debt To Equity (Times)

0.72

0.02

0.04

0.34

0.29

Total Asset To Total Equity (Times)

2.56

2.18

2.21

2.82

2.19

 

 

 

 

 

 

Asset Management

 

 

 

 

 

Total Assets Turnover (Times)

1.28

2.13

2.07

2.14

1.44

Fixed Assets Turnover (Times)

5.10

7.23

7.42

4.97

2.37

 

 

 

 

 

 

Liquidity

 

 

 

 

 

Current Ratio (Times)

2.29

1.33

1.36

1.09

0.95

 

 

 

 

 

 

 

FINANCIAL COMMENTARY

 

Compound Annual Growth Rate

 

The company's CAGR is 1.41% (4 years).

 

CAGR is the year-over-year growth rate of a company over a specified period. Instead of looking at the average growth rate, CAGR allow users to look at the annualized growth rate of a company over a given period, a more indicative measure of growth of a company’s performance over a given period.

 

 

Profitability

The group yielded a rate of net profit on sales of 12.63 per cent in FY11. The group is now able to book in SGD - SIN 0.13 of profit for every SGD - SIN of sales.

 

Liquidity

Current ratio stood at 2.29 times in FY11. This means that the group has SGD - SIN 2.29 of current assets for every SGD - SIN of current liability incurred.

 

A minimum figure of 1.0 would be considered the lowest limit that this figure should reach. Any business that has a current ratio near 1.0 may be heading for liquidity problems, and would need to be closely monitored. A figure greater than 2.0 would be more desirable, to act as a buffer against any short-term liquidity problems, and give creditors/bank managers a degree of comfort when granting credit/finance.

 

FINANCIAL COMMENTARY

 

Leverage

Total debt-to-equity ratio notched 1.56 times in FY11. This means that the group requires additional external financing of SGD - SIN 1.56 for every SGD - SIN injected into its operations.

 

Generally, a total debt-to-equity ratio of less than 0.5 times is preferred. The ratio measures the proportion of the company's reliance on external debt for financing, relative to the shareholder's fund. A lower ratio would imply a greater financial safety and operating freedom for the company.

 

 

Efficiency Ratio

 

Return on equity was 41.51 per cent for Subject in the current financial period. The return on equity measures the return earned on the owner's investment.  Generally, the higher this return, the better off the owner.

 

Return on assets stood at 16.22 per cent. The return on asset measures the overall effectiveness of management in generating profit with its available assets.

 

Total assets turnover ratio logged at 1.28 times in FY11. This ratio measures the group's ability to make productive use of its total assets to generate sales which reflects the efficiency of the management in utilising its resources.

 

 

FOREIGN EXCHANGE RATES

 

Currency
Unit

Indian Rupees

US Dollar

1

Rs.54.65

UK Pound

1

Rs.82.66

Euro

1

Rs.71.21

 

 

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%)

 

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.