MIRA
INFORM REPORT
|
Report Date : |
07.03.2013 |
IDENTIFICATION DETAILS
|
Name : |
BIZ SHINE SOLUTION CO., LTD. |
|
|
|
|
Registered Office : |
123/1067 Moo 3,
T. Bangpla, A. Bangplee, Samutprakarn 10540 |
|
|
|
|
Country : |
Thailand |
|
|
|
|
Financials (as on) : |
31.12.2011 |
|
|
|
|
Date of Incorporation : |
28.02.2007 |
|
|
|
|
Com. Reg. No.: |
0115550001968 |
|
|
|
|
Legal Form : |
Private Limited Company |
|
|
|
|
Line of Business : |
Importer and Distributor of Measuring
Instrument |
|
|
|
|
No. of Employees : |
12 |
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 : |
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 – June 30th, 2012
|
Country Name |
Previous Rating (31.03.2011) |
Current Rating (30.06.2012) |
|
Thailand |
B1 |
B1 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
|
Moderate |
B1 |
|
High |
B2 |
|
Very High |
C1 |
|
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
BIZ SHINE SOLUTION CO., LTD.
SUMMARY
BUSINESS
ADDRESS : 123/1067 MOO
3, T. BANGPLA, A.
BANGPLEE,
SAMUTPRAKARN 10540
TELEPHONE : [66] 2317-3736,
2317-3651
FAX :
[66] 2317-3681
E-MAIL
ADDRESS : md@bssth.com
admin@bssth.com
REGISTRATION
ADDRESS : SAME
AS BUSINESS ADDRESS
ESTABLISHED
: 2007
REGISTRATION
NO. : 0115550001968
TAX
ID NO. : 3032555371
CAPITAL REGISTERED : BHT. 5,000,000
CAPITAL PAID-UP : BHT.
5,000,000
SHAREHOLDER’S PROPORTION : THAI : 100%
FISCAL YEAR CLOSING DATE : DECEMBER 31
LEGAL
STATUS : PRIVATE LIMITED
COMPANY
EXECUTIVE : MR.
SOMPOCH JARIYASOTORN, THAI
MANAGING DIRECTOR
NO.
OF STAFF : 12
LINES
OF BUSINESS : MEASURING INSTRUMENT
IMPORTER AND
DISTRIBUTOR
CORPORATE PROFILE
OPERATING
TREND : STABLE
PRESENT
SITUATION : OPERATING NORMALLY
REPUTATION : GOOD
WITH NORMAL BUSINESS
ENGAGEMENT
MANAGEMENT
STANDARD : MANAGEMENT WITH
GOOD PERFORMANCE
HISTORY
The
subject was established
on February 28,
2007 as a
private limited company under
the name style
BIZ SHINE SOLUTION
CO., LTD., by
Thai groups, in
order to import and distribute measuring
instrument for gas industry.
It currently employs 12
staff.
The subject’s registered address is 123/1067
Moo 3, T. Bangpla, A. Bangplee, Samutprakarn
10540, and this
is the subject’s
current operation address.
THE BOARD
OF DIRECTOR
|
Name |
|
Nationality |
Age |
|
|
|
|
|
|
Mr. Sompoch Jariyasotorn |
|
Thai |
36 |
|
Mrs. Supanand Jariyasotorn |
|
Thai |
37 |
AUTHORIZED PERSON
Anyone of the
above directors can
sign on behalf
of the subject
with company’s affixed.
MANAGEMENT
Mr. Sompoch Jariyasotorn is
the Managing Director.
He is Thai
nationality with the
age of 36 years
old.
BUSINESS OPERATIONS
The subject is engaged
in importing and
distributing of measuring
instrument, including electronic
volume corrector, spare
parts for gas
turbine meter, valves
and etc., for
natural gas industry.
The products are
as the followings:
-
Foam, Urethane, Hard Body,
Gauge Pigs / Pig Detector
-
Closures / High Pressure Pipeplug
-
Gas Bag [Balloon] /
Launcher & Receiver
-
Hottap
and Plugging Isolation
Services / Pipeline Inspection Services
-
Pipeline
Rehabilitation Products /
Cathodic Protection Insulation
-
Freezing
Services / Ball Valve
-
Wedge
Gate Valves / Barred Tee
-
Insulation
Joints / Expansion Joint
-
Ultrasonic
Flare Meter / Ultrasonic Gas
Meter for Custody
Transfer
-
Turbine
Meter / Rotary Meter
-
Diaphragm Meter / Electronics Volume Corrector
-
Pressure
Regulator / Pressure Relive Valve
-
Slam Shut Valve / Heat Exchanger
-
Filter
Separator / Pulse Dampeners
-
Pressure
Vessel / Silencer
-
Selective
Catalyst Reduction (SCR) System
-
Conduit / Surge
Protection
-
Safety
Barrier / Isolator
The subject also
provides repair and
maintenance service of
the products.
MAJOR BRANDS
“J.B. ROMBACH”, “PEERLESS”,
“BURGESS-MANNING”, “ITRON”, “ACTARIS”,
“PMA”, “SICK”, “MAIHAK”
and etc.
IMPORT
The
products are imported from
Germany, U.S.A., Italy,
France, United Kingdom
and Sweden.
MAJOR SUPPLIERS
J.B.
Rombach GmbH. : Germany
Shawndra
Products Inc. : U.S.A.
Peerless
Mfg. Company : U.S.A.
Itron
Inc. : U.S.A.
Sick
Maihak Inc. : U.S.A.
T.D.
Williamson Inc. : U.S.A.
SALES
100% of the
products is sold
locally by wholesale
to end-users, in
the field of
inshore & offshore oil and
gas industry, petrochemical
and power plant.
MAJOR CUSTOMER
PTT Public Company
Limited
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
for the past
two years.
CREDIT
Sales / services 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
Bangkok Bank Public
Co., Ltd.
EMPLOYMENT
The
subject employs 12 staff.
LOCATION DETAILS
The
premise is owned for
administrative office at
the heading address. Premise is
located in industrial
area.
Sales
office is located
at 2/46 Sukhapibal
2 Rd., Prawet,
Bangkok 10250.
Tel. :
[66] 2328-8819, 2328-7710,
Fax. : [66] 2328-7690
COMMENT
Subject’s
business performance remains upbeat
as its products
have been widely
used in various
industries. Domestic sales
also maintain at
moderate level. Its
business outlook is
promising.
FINANCIAL INFORMATION
The
capital was registered
at Bht. 1,000,000 divided
into 10,000 shares of
Bht. 100 each with
fully paid.
THE
SHAREHOLDERS LISTED WERE
: [as at
April 30, 2012]
|
NAME |
HOLDING |
% |
|
|
|
|
|
Mr. Sompoch Jariyasotorn Nationality: Thai Address : 47
Moo 10, T. Paknam,
A. Bangkla,
Chachoengsao |
6,495 |
64.95 |
|
Mrs. Supanand Jariyasotorn Nationality: Thai Address : 123/1067
Moo 3, T. Bangpla, A. Bangplee, Samutprakarn |
3,500 |
35.00 |
|
Mr. Rinapong Gwangkwang Nationality: Thai Address : 39/13
Moo 4, T. Thabma, A.
Muang, Rayong |
1 |
0.01 |
|
Mrs. Kanokwan Juangjerm Nationality: Thai Address : 111/155
Moo 4, Seekan,
Donmuang, Bangkok |
1 |
0.01 |
|
Mr. Chakrapong Juangjerm Nationality: Thai Address : 111/155
Moo 4, Seekan,
Donmuang, Bangkok |
1 |
0.01 |
|
Mr. Charnnarong Juangjerm Nationality: Thai Address : 111/155
Moo 4, Seekan,
Donmuang, Bangkok |
1 |
0.01 |
|
Ms. Supaphan Sasom Nationality: Thai Address : 95/217
Moo 8, Minburi,
Bangkok |
1 |
0.01 |
Total Shareholders : 7
Share Structure [as
at April 30,
2012]
|
Nationality |
Shareholders |
No. of Share |
% Shares |
|
|
|
|
|
|
Thai |
7 |
10,000 |
100.00 |
|
Foreign |
- |
- |
- |
|
Total |
7 |
10,000 |
100.00 |
NAME OF AUDITOR
& CERTIFIED PUBLIC
ACCOUNTANT NO. :
Ms. Patcharin
Pitsan-u-raporn No. 6211
BALANCE SHEET [BAHT]
The
latest financial figures
published for December
31, 2011, 2010
and 2009 were:
ASSETS
|
Current Assets |
2011 |
2010 |
2009 |
|
|
|
|
|
|
Cash in hand
& at Bank
|
2,707,675.11 |
3,741,738.74 |
2,146,566.07 |
|
Trade Accounts & Other Receivable |
19,774,488.70 |
12,604,491.78 |
11,221,304.00 |
|
Short-term Lending |
1,800,000.00 |
- |
- |
|
Inventories |
3,117,859.10 |
272,057.28 |
199,264.55 |
|
Restricted Fixed for Deposit |
1,818,822.08 |
1,467,979.27 |
1,137,702.79 |
|
Other Current Assets
|
63,872.87 |
169,350.83 |
243,088.64 |
|
Total Current Assets
|
29,282,717.86 |
18,255,617.90 |
14,947,946.05 |
|
|
|
|
|
|
Fixed Assets |
3,112,440.01 |
1,553,671.15 |
1,801,742.38 |
|
Other Non-current Assets |
2,253.32 |
- |
- |
|
Total Assets |
32,397,411.19 |
19,809,289.05 |
16,749,688.43 |
LIABILITIES &
SHAREHOLDERS' EQUITY [BAHT]
|
Current
Liabilities |
2011 |
2010 |
2009 |
|
|
|
|
|
|
Trade Accounts & Other Payable |
16,088,143.31 |
3,924,910.56 |
2,939,290.00 |
|
Current Portion of Long-term Liabilities |
415,920.00 |
- |
- |
|
Accrued Income Tax |
531,455.66 |
314,142.48 |
- |
|
Other Current Liabilities |
217,300.50 |
170,669.16 |
4,699,051.22 |
|
Total Current Liabilities |
17,252,819.47 |
4,409,722.20 |
7,638,341.22 |
|
|
|
|
|
|
Long-term Loan from Related
Person |
138,640.00 |
3,150,000.00 |
- |
|
Total Liabilities |
17,391,459.47 |
7,559,722.20 |
7,638,341.22 |
|
|
|
|
|
|
Shareholders' Equity |
|
|
|
|
|
|
|
|
|
Share capital : Baht 100
value authorized, issued
and fully paid share
capital 10,000 shares |
1,000,000.00 |
1,000,000.00 |
1,000,000.00 |
|
Capital Paid |
1,000,000.00 |
1,000,000.00 |
1,000,000.00 |
|
Retained Earning -
Unappropriated |
14,005,951.72 |
11,249,566.85 |
8,1113,47.21 |
|
Total Shareholders' Equity |
15,005,951.72 |
12,249,566.85 |
9,111,347.21 |
|
Total Liabilities &
Shareholders' Equity |
32,397,411.19 |
19,809,289.05 |
16,749,688.43 |
PROFIT &
LOSS ACCOUNT
|
Revenue |
2011 |
2010 |
2009 |
|
|
|
|
|
|
Sales & Services Income |
42,886,188.67 |
40,127,564.93 |
42,048,131.09 |
|
Other Income |
35,755.77 |
8,940.76 |
273,979.11 |
|
Total Revenues |
42,921,944.44 |
40,136,505.69 |
42,322,110.20 |
|
Expenses |
|
|
|
|
|
|
|
|
|
Cost of Goods
Sold |
28,363,275.52 |
25,683,367.94 |
23,931,209.77 |
|
Selling Expenses |
1,797,883.00 |
2,549,503.00 |
4,107,488.65 |
|
Administrative Expenses |
8,903,544.50 |
7,365,425.15 |
6,977,499.35 |
|
Other Expenses |
124,444.32 |
179,661.92 |
- |
|
Total Expenses |
39,189,147.34 |
35,777,958.01 |
35,016,197.77 |
|
Profit Before Financial
Cost & Income Tax |
3,732,797.10 |
4,358,547.68 |
7,305,912.43 |
|
Financial Cost |
- |
- |
[19,638.35] |
|
Profit Before Income
Tax |
3,732,797.10 |
4,358,547.68 |
7,286,274.08 |
|
Income Tax |
[976,412.23] |
[1,220,328.04] |
[1,984,298.68] |
|
Net Profit / [Loss] |
2,756,384.87 |
3,138,219.64 |
5,301,975.40 |
FINANCIAL ANALYSIS
|
ITEM |
UNIT |
2011 |
2010 |
2009 |
|
|
|
|
|
|
|
LIQUIDITY RATIO |
|
|
|
|
|
CURRENT RATIO |
TIMES |
1.70 |
4.14 |
1.96 |
|
QUICK RATIO |
TIMES |
1.41 |
3.71 |
1.75 |
|
|
|
|
|
|
|
ACTIVITY RATIO |
|
|
|
|
|
FIXED ASSETS TURNOVER |
TIMES |
13.78 |
25.83 |
23.34 |
|
TOTAL ASSETS TURNOVER |
TIMES |
1.32 |
2.03 |
2.51 |
|
INVENTORY CONVERSION PERIOD |
DAYS |
40.12 |
3.87 |
3.04 |
|
INVENTORY TURNOVER |
TIMES |
9.10 |
94.40 |
120.10 |
|
RECEIVABLES CONVERSION PERIOD |
DAYS |
168.30 |
114.65 |
97.41 |
|
RECEIVABLES TURNOVER |
TIMES |
2.17 |
3.18 |
3.75 |
|
PAYABLES CONVERSION PERIOD |
DAYS |
207.03 |
55.78 |
44.83 |
|
CASH CONVERSION CYCLE |
DAYS |
1.39 |
62.74 |
55.62 |
|
|
|
|
|
|
|
PROFITABILITY
RATIO |
|
|
|
|
|
COST OF GOODS SOLD |
% |
66.14 |
64.00 |
56.91 |
|
SELLING & ADMINISTRATION |
% |
24.95 |
24.71 |
26.36 |
|
INTEREST |
% |
- |
- |
0.05 |
|
GROSS PROFIT MARGIN |
% |
33.95 |
36.02 |
43.74 |
|
NET PROFIT MARGIN BEFORE EX. ITEM |
% |
8.70 |
10.86 |
17.38 |
|
NET PROFIT MARGIN |
% |
6.43 |
7.82 |
12.61 |
|
RETURN ON EQUITY |
% |
18.37 |
25.62 |
58.19 |
|
RETURN ON ASSET |
% |
8.51 |
15.84 |
31.65 |
|
EARNING PER SHARE |
BAHT |
275.64 |
313.82 |
530.20 |
|
|
|
|
|
|
|
LEVERAGE RATIO |
|
|
|
|
|
DEBT RATIO |
TIMES |
0.54 |
0.38 |
0.46 |
|
DEBT TO EQUITY RATIO |
TIMES |
1.16 |
0.62 |
0.84 |
|
TIME INTEREST EARNED |
TIMES |
- |
- |
372.02 |
|
|
|
|
|
|
|
ANNUAL GROWTH |
|
|
|
|
|
SALES GROWTH |
% |
6.87 |
(4.57) |
|
|
OPERATING PROFIT |
% |
(14.36) |
(40.34) |
|
|
NET PROFIT |
% |
(12.17) |
(40.81) |
|
|
FIXED ASSETS |
% |
100.33 |
(13.77) |
|
|
TOTAL ASSETS |
% |
63.55 |
18.27 |
|
ANNUAL GROWTH :
SATISFACTORY
An annual sales growth is 6.87%. Turnover has increased from THB
40,127,564.93 in 2010 to THB 42,886,188.67 in 2011. While net profit has
decreased from THB 3,138,219.64 in 2010 to THB 2,756,384.87 in 2011. And total
assets has increased from THB 19,809,289.05 in 2010 to THB 32,397,411.19 in
2011.
PROFITABILITY :
EXCELLENT
PROFITABILITY
RATIO
|
Gross Profit Margin |
33.95 |
Impressive |
Industrial Average |
15.74 |
|
Net Profit Margin |
6.43 |
Impressive |
Industrial Average |
1.55 |
|
Return on Assets |
8.51 |
Impressive |
Industrial Average |
2.93 |
|
Return on Equity |
18.37 |
Impressive |
Industrial Average |
7.57 |
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 33.95%. 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. Net Profit Margin ratio is 6.43%,
higher figure when compared with those of its average competitors in the same
industry, indicated that business was an efficient operator in a dominant position within its industry.
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. Return on Assets ratio is 8.51%, higher
figure when compared with those of its average competitors in the same
industry, indicated that business was an efficient profit in a dominant
position within its industry.
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. Return on Equity ratio
is 18.37%, higher figure when compared with those of its average competitors in
the same industry, indicated that business was an efficient profit in a
dominant position within its industry.
Trend of the
average competitors in the same industry for last 5 years
Return on Assets Downtrend
Return on Equity Downtrend
LIQUIDITY :
IMPRESSIVE
LIQUIDITY RATIO
|
Current Ratio |
1.70 |
Impressive |
Industrial Average |
1.63 |
|
Quick Ratio |
1.41 |
|
|
|
|
Cash Conversion Cycle |
1.39 |
|
|
|
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 1.7 times in 2011, decrease from 4.14 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 higher, indicated that company
was an efficient operator in a dominant position within its industry.
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 1.41 times in 2011,
decrease from 3.71 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 2 days.
Trend of the
average competitors in the same industry for last 5 years
Current Ratio Uptrend
LEVERAGE :
IMPRESSIVE
LEVERAGE RATIO
|
Debt Ratio |
0.54 |
Impressive |
Industrial Average |
0.61 |
|
Debt to Equity Ratio |
1.16 |
Satisfactory |
Industrial Average |
1.59 |
|
Times Interest Earned |
- |
|
Industrial Average |
2.88 |
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.
Debt Ratio shows the proportion of a company's assets which are financed
through debt. The company's figure is 0.54 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 :
SATISFACTORY
ACTIVITY RATIO
|
Fixed Assets Turnover |
13.78 |
Impressive |
Industrial Average |
7.82 |
|
Total Assets Turnover |
1.32 |
Acceptable |
Industrial Average |
1.89 |
|
Inventory Conversion Period |
40.12 |
|
|
|
|
Inventory Turnover |
9.10 |
Impressive |
Industrial Average |
4.22 |
|
Receivables Conversion Period |
168.30 |
|
|
|
|
Receivables Turnover |
2.17 |
Deteriorated |
Industrial Average |
4.85 |
|
Payables Conversion Period |
207.03 |
|
|
|
The company's Account Receivable Ratio is calculated as 2.17 and 3.18 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 increased from 4 days at the end
of 2010 to 40 days at the end of 2011. This represents a negative trend. And
Inventory turnover has decreased from 94.4 times in year 2010 to 9.1 times in
year 2011.
The company's Total Asset Turnover is calculated as 1.32 times and 2.03
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.54.71 |
|
|
1 |
Rs.82.79 |
|
Euro |
1 |
Rs.71.43 |
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.