MIRA INFORM REPORT
|
Report Date : |
23.03.2013 |
IDENTIFICATION DETAILS
|
Name : |
CHANKIJ
TANNING INDUSTRY CO.,
LTD. |
|
|
|
|
Registered Office : |
489, 589 Moo 2, Sukhumvit Road, T. Taiban, Muang District, Samutprakarn 10280 |
|
|
|
|
Country : |
Thailand |
|
|
|
|
Financials (as on) : |
30.11.2011 |
|
|
|
|
Date of Incorporation : |
12.12.1984 |
|
|
|
|
Com. Reg. No.: |
0115527001183 |
|
|
|
|
Legal Form : |
Private
Limited Company |
|
|
|
|
Line of Business : |
Manufacturer, distributor and
exporter of tannery |
|
|
|
|
No. of Employees : |
50 |
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 (31.03.2012) |
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
CHANKIJ TANNING INDUSTRY
CO., LTD.
SUMMARY
BUSINESS
ADDRESS : 489,
589 MOO 2,
SUKHUMVIT ROAD, T. TAIBAN,
MUANG DISTRICT,
SAMUTPRAKARN 10280
TELEPHONE : [66] 2703-9413-4,
2389-2346-9
FAX :
[66] 2387-0625,
2387-0764
E-MAIL
ADDRESS : chankij@hotmail.com
REGISTRATION
ADDRESS : SAME
AS BUSINESS ADDRESS
ESTABLISHED
: 1984
REGISTRATION NO. : 0115527001183
TAX
ID NO. : 3271010143
CAPITAL REGISTERED : BHT. 5,000,000
CAPITAL PAID-UP : BHT.
5,000,000
SHAREHOLDER’S PROPORTION : THAI :
100%
FISCAL YEAR CLOSING DATE : NOVEMBER 30
LEGAL
STATUS : PRIVATE LIMITED
COMPANY
EXECUTIVE : MRS. SUWANEE BOVORNSUPAKIJKUL, THAI
MANAGING DIRECTOR
NO.
OF STAFF : 50
LINES
OF BUSINESS : TANNERY
MANUFACTURER, DISTRIBUTOR
AND EXPORTER
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
December 12, 1984 as
a private limited
company under the
name style CHANKIJ
TANNING INDUSTRY CO.,
LTD., by Thai
groups, with the
business objective to
manufacture finished leather
and supply to
both domestic and
international markets. It
currently employs approximate
50 staff.
The
subject’s registered address
is 489, 589 Moo 2, Sukhumvit Rd.,
Taiban, Muang, Samutprakarn
10280, and this
is the subject’s
current operation address.
THE BOARD OF
DIRECTOR
Mrs. Suwannee Bovornsupakijkul
AUTHORIZED PERSON
The above director
signs on behalf
of the subject
with company’s affixed.
MANAGEMENT
Mrs. Suwannee Bovornsupakijkul is
the Managing Director.
She is Thai
nationality with the
age of 58
years old.
BUSINESS OPERATIONS
The subject is
engaged in tanning
business by manufacturing, distributing
and exporting various
kinds of finished leather for
furniture upholstery, car seat, handbag,
laptop computer case,
oiled leather, aniline
& semi-aniline, wash-offed
leather and etc.,
PRODUCTION CAPACITY
500,000 square feet
per month.
PURCHASE
Most of raw
materials, mainly raw
hide [cow/ buffalo salted
hides & wet blue hides] and
tanning chemical are
purchased from local
suppliers, the remaining
is imported from
Brazil, India. Republic
of China and
Taiwan.
SALES
80% of the
products is sold
locally to manufacturers
and end-users, the
remaining 20% is
exported to Hong
Kong, Japan, Korea,
Singapore and Vietnam.
RELATED 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 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
T/T.
Exports are against
T/T.
BANKING
Bangkok Bank Public
Co., Ltd.
Kasikornbank Public Co.,
Ltd.
EMPLOYMENT
The
subject employs approximately
50 staff.
LOCATION
DETAILS
The
premise is owned
for administrative office,
tannery and warehouse
at the heading
address. Premise is
located in industrial
area.
COMMENT
The
subject was formed
in 1984 as
a tannery. Its
products are various
types of leather
for furniture, upholstery,
car seat, handbag,
laptop computer case
and finished leathers.
Subject has performed
well in the
past several years,
which demand of
finished leathers were
strong. It is
estimated that subject
would be able
to maintain its
good business this
year.
FINANCIAL INFORMATION
The
capital was registered
at Bht. 5,000,000 divided
into 1,000 shares
of Bht. 5,000
with fully paid.
THE
SHAREHOLDERS LISTED WERE
: [as at
March 30, 2012]
|
NAME |
HOLDING |
% |
|
|
|
|
|
Mrs. Suwannee Bovornsupakijkul Nationality: Thai Address : 489
Moo 2, Taiban,
Muang, Samutprakarn |
460 |
46.00 |
|
Mr. Kangwal Ruampatrasinthu Nationality: Thai Address : 489
Moo 2, Taiban,
Muang,
Samutprakarn |
100 |
10.00 |
|
Ms. Thanyamon Ruampatrasinthu Nationality: Thai Address : 489
Moo 2, Taiban,
Muang, Samutprakarn |
100 |
10.00 |
|
Ms. Jurairat Ruampatrasinthu Nationality: Thai Address : 489
Moo 2, Taiban,
Muang, Samutprakarn |
100 |
10.00 |
|
Mr. Krisda Ruampatrasinthu Nationality: Thai Address : 489
Moo 2, Taiban,
Muang, Samutprakarn |
100 |
10.00 |
|
Ms. Juthaporn Ruampatrasinthu Nationality: Thai Address : 489
Moo 2, Taiban,
Muang, Samutprakarn |
100 |
10.00 |
|
Mrs. Valailuck Suwanvanich Nationality: Thai Address : 144/131
Moo 3, Tharaeng, Bangkhen,
Bangkok |
10 |
1.00 |
|
Mr. Zae Saechai Nationality: Thai Address : 947
Moo 7, Sukhumvit Rd.,
Samrongnua,
Muang, Samutprakarn |
10 |
1.00 |
|
Mr. Chai Wong Hee
Sae Wong Nationality: Thai Address : 61/56
Sunthornkosa Rd., Klongtoey,
Prakanong, Bangkok |
10 |
1.00 |
|
Ms. Chinkiew Saechai Nationality: Thai Address : 95/88
Moo 7, Vibhavadi
Rangsit Rd.,
Taladbangkhen, Bangkok |
10 |
1.00 |
Total Shareholders : 10
Share Structure [as
at March 30,
2012]
|
Nationality |
Shareholders |
No. of Share |
% Shares |
|
|
|
|
|
|
Thai |
10 |
1,000 |
100.00 |
|
Foreign |
- |
- |
- |
|
Total |
10 |
1,000 |
100.00 |
NAME OF AUDITOR
& CERTIFIED PUBLIC
ACCOUNTANT NO. :
Mrs. Amara Charoonroj No.
2338
BALANCE SHEET [BAHT]
The latest financial figures published
as at November
30, 2011, 2010
& 2009 were:
ASSETS
|
Current Assets |
2011 |
2010 [Adjusted] |
2009 |
|
|
|
|
|
|
Cash and Cash Equivalents |
187,648.41 |
5,313,209.14 |
3,900,768.38 |
|
Trade Accounts Receivable
|
39,472,297.73 |
11,052,896.65 |
19,404,936.15 |
|
Inventories |
28,011,867.25 |
11,797,400.69 |
13,725,268.62 |
|
Other Current Assets
|
5,749,125.36 |
2,751,890.37 |
1,261,799.48 |
|
|
|
|
|
|
Total Current Assets
|
73,420,938.75 |
30,915,396.85 |
38,292,772.63 |
|
|
|
|
|
|
Fixed Assets |
18,986,576.12 |
19,347,504.74 |
16,976,462.00 |
|
Cash at Bank pledged as
a Collateral |
640,040.85 |
635,179.87 |
619,661.06 |
|
Other Non - current Assets |
14,200.00 |
14,200.00 |
14,200.00 |
|
Total Assets |
93,061,755.72 |
50,912,281.46 |
55,903,095.69 |
LIABILITIES &
SHAREHOLDERS’ EQUITY [BAHT]
|
Current Liabilities |
2011 |
2010 [Adjusted] |
2009 |
|
|
|
|
|
|
Bank Overdraft |
4,445,571.09 |
- |
- |
|
Trade Accounts Payable
|
59,778,379.53 |
9,645,226.23 |
19,818,650.43 |
|
Short-term Loan from Person or Other |
10,900,000.00 |
25,638,000.00 |
24,000,000.00 |
|
Current Portion of
Financial Lease Contract Liabilities
|
624,994.00 |
1,250,004.00 |
- |
|
Accrued Income Tax |
131,256.28 |
84,565.53 |
- |
|
Other Current Liabilities |
9,234,250.37 |
6,905,197.25 |
5,667,835.87 |
|
|
|
|
|
|
Total Current Liabilities |
85,114,451.27 |
43,522,993.01 |
49,486,486.30 |
|
|
|
|
|
|
Financial Lease Contract
Liabilities, Net of
Current Portion |
- |
624,994.00 |
- |
|
Total Liabilities |
85,114,451.27 |
44,147,987.01 |
49,486,486.30 |
|
|
|
|
|
|
Shareholders' Equity |
|
|
|
|
|
|
|
|
|
Share capital : Baht 5,000
par value authorized, issued
and fully paid share
capital 1,000 shares |
5,000,000.00 |
5,000,000.00 |
5,000,000.00 |
|
|
|
|
|
|
Capital Paid |
5,000,000.00 |
5,000,000.00 |
5,000,000.00 |
|
Retained Earning Unappropriated |
2,947,304.45 |
1,764,294.45 |
1,416,609.39 |
|
Total Shareholders' Equity |
7,947,304.45 |
6,764,294.45 |
6,416,609.39 |
|
Total Liabilities &
Shareholders' Equity |
93,061,755.72 |
50,912,281.46 |
55,903,095.69 |
PROFIT & LOSS
ACCOUNT
|
Sale |
2011 |
2010 [Adjusted] |
2009 |
|
|
|
|
|
|
Sales Income |
192,863,590.97 |
106,523,161.95 |
112,256,480.18 |
|
Interest Income |
23,045.41 |
15,519.07 |
144.09 |
|
Other Income |
4,092,169.27 |
3,076,577.86 |
2,148,987.76 |
|
Total Sales |
196,948,805.65 |
109,615,258.88 |
114,405,612.03 |
|
Expenses |
|
|
|
|
|
|
|
|
|
Cost of Goods
Sold |
181,714,657.66 |
97,081,459.39 |
101,375,770.09 |
|
Selling Expenses |
2,144,190.23 |
1,807,116.06 |
1,310,907.51 |
|
Administrative Expenses |
9,339,325.19 |
8,547,352.98 |
8,161,890.33 |
|
Total Expenses |
193,198,173.08 |
107,435,928.43 |
110,848,567.93 |
|
|
|
|
|
|
Profit / [Loss] before Financial Cost & Income
Tax |
3,750,632.57 |
2,179,330.45 |
3,557,044.10 |
|
Financial Costs |
[2,198,612.30] |
[1,693,848.91] |
[2,836,941.11] |
|
Profit / [Loss] before Income
Tax |
1,552,020.27 |
485,481.54 |
720,102.99 |
|
Income Tax |
[369,010.27] |
[137,796.48] |
[105,963.47] |
|
|
|
|
|
|
Net Profit / [Loss] |
1,183,010.00 |
347,685.06 |
614,139.52 |
FINANCIAL ANALYSIS
|
ITEM |
UNIT |
2011 |
2010 |
2009 |
|
|
|
|
|
|
|
LIQUIDITY RATIO |
|
|
|
|
|
CURRENT RATIO |
TIMES |
0.86 |
0.71 |
0.77 |
|
QUICK RATIO |
TIMES |
0.47 |
0.38 |
0.47 |
|
|
|
|
|
|
|
ACTIVITY RATIO |
|
|
|
|
|
FIXED ASSETS TURNOVER |
TIMES |
10.16 |
5.51 |
6.61 |
|
TOTAL ASSETS TURNOVER |
TIMES |
2.07 |
2.09 |
2.01 |
|
INVENTORY CONVERSION PERIOD |
DAYS |
56.27 |
44.36 |
49.42 |
|
INVENTORY TURNOVER |
TIMES |
6.49 |
8.23 |
7.39 |
|
RECEIVABLES CONVERSION PERIOD |
DAYS |
74.70 |
37.87 |
63.09 |
|
RECEIVABLES TURNOVER |
TIMES |
4.89 |
9.64 |
5.78 |
|
PAYABLES CONVERSION PERIOD |
DAYS |
120.07 |
36.26 |
71.36 |
|
CASH CONVERSION CYCLE |
DAYS |
10.89 |
45.96 |
41.16 |
|
|
|
|
|
|
|
PROFITABILITY
RATIO |
|
|
|
|
|
COST OF GOODS SOLD |
% |
94.22 |
91.14 |
90.31 |
|
SELLING & ADMINISTRATION |
% |
5.95 |
9.72 |
8.44 |
|
INTEREST |
% |
1.14 |
1.59 |
2.53 |
|
GROSS PROFIT MARGIN |
% |
7.90 |
11.77 |
11.61 |
|
NET PROFIT MARGIN BEFORE EX. ITEM |
% |
1.94 |
2.05 |
3.17 |
|
NET PROFIT MARGIN |
% |
0.61 |
0.33 |
0.55 |
|
RETURN ON EQUITY |
% |
14.89 |
5.14 |
9.57 |
|
RETURN ON ASSET |
% |
1.27 |
0.68 |
1.10 |
|
EARNING PER SHARE |
BAHT |
1,183.01 |
347.69 |
614.14 |
|
|
|
|
|
|
|
LEVERAGE RATIO |
|
|
|
|
|
DEBT RATIO |
TIMES |
0.91 |
0.87 |
0.89 |
|
DEBT TO EQUITY RATIO |
TIMES |
10.71 |
6.53 |
7.71 |
|
TIME INTEREST EARNED |
TIMES |
1.71 |
1.29 |
1.25 |
|
|
|
|
|
|
|
ANNUAL GROWTH |
|
|
|
|
|
SALES GROWTH |
% |
81.05 |
(5.11) |
|
|
OPERATING PROFIT |
% |
72.10 |
(38.73) |
|
|
NET PROFIT |
% |
240.25 |
(43.39) |
|
|
FIXED ASSETS |
% |
(1.87) |
13.97 |
|
|
TOTAL ASSETS |
% |
82.79 |
(8.93) |
|
ANNUAL GROWTH :
IMPRESSIVE
An annual sales growth is 81.05%. Turnover has increased from THB
106,523,161.95 in 2010 to THB 192,863,590.97 in 2011. While net profit has
increased from THB 347,685.06 in 2010 to THB 1,183,010.00 in 2011. And total
assets has increased from THB 50,912,281.46 in 2010 to THB 93,061,755.72 in
2011.
PROFITABILITY :
SATISFACTORY
PROFITABILITY
RATIO
|
Gross Profit Margin |
7.90 |
Acceptable |
Industrial Average |
11.62 |
|
Net Profit Margin |
0.61 |
Acceptable |
Industrial Average |
1.18 |
|
Return on Assets |
1.27 |
Satisfactory |
Industrial Average |
1.30 |
|
Return on Equity |
14.89 |
Impressive |
Industrial Average |
4.15 |
Gross Profit Margin used to assess a firm's financial health by revealing
the proportion of money left over from sales after accounting for the cost of
goods sold. Gross profit margin serves as the source for paying additional
expenses and future savings. The company's figure is 7.9%. When compared with
the industry average, the ratio of the company was lower, this indicated that
company may have problems with control over its costs.
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 0.61%.
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 1.27%.
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 14.89%, 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 Uptrend
Return on Equity Uptrend
LIQUIDITY :
ACCEPTABLE
LIQUIDITY RATIO
|
Current Ratio |
0.86 |
Risky |
Industrial Average |
1.20 |
|
Quick Ratio |
0.47 |
|
|
|
|
Cash Conversion Cycle |
10.89 |
|
|
|
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 0.86 times in 2011, increased from 0.71 times, then the company may have
problems meeting its short-term obligations. 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 0.47 times in 2011,
increased from 0.38 times, then the company has not enough current assets that
presumably can be quickly converted to cash for pay financial obligations.
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 11 days.
Trend of the
average competitors in the same industry for last 5 years
Current Ratio Downtrend
LEVERAGE :
ACCEPTABLE
LEVERAGE RATIO
|
Debt Ratio |
0.91 |
Acceptable |
Industrial Average |
0.66 |
|
Debt to Equity Ratio |
10.71 |
Risky |
Industrial Average |
2.13 |
|
Times Interest Earned |
1.71 |
Impressive |
Industrial Average |
1.55 |
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 1.71 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 0.91 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 Uptrend
Times Interest Earned Uptrend
ACTIVITY :
EXCELLENT
ACTIVITY RATIO
|
Fixed Assets Turnover |
10.16 |
Impressive |
Industrial Average |
3.02 |
|
Total Assets Turnover |
2.07 |
Impressive |
Industrial Average |
1.04 |
|
Inventory Conversion Period |
56.27 |
|
|
|
|
Inventory Turnover |
6.49 |
Impressive |
Industrial Average |
1.94 |
|
Receivables Conversion Period |
74.70 |
|
|
|
|
Receivables Turnover |
4.89 |
Impressive |
Industrial Average |
4.32 |
|
Payables Conversion Period |
120.07 |
|
|
|
The company's Account Receivable Ratio is calculated as 4.89 and 9.64 in
2011 and 2010 respectively. This ratio measures the efficiency of the company
in managing its trade debtors to generate sale. 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 44 days at the
end of 2010 to 56 days at the end of 2011. This represents a negative trend.
And Inventory turnover has decreased from 8.23 times in year 2010 to 6.49 times
in year 2011.
The company's Total Asset Turnover is calculated as 2.07 times and 2.09
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.54.34 |
|
UK Pound |
1 |
Rs.82.56 |
|
Euro |
1 |
Rs.70.10 |
INFORMATION DETAILS
|
Report Prepared
by : |
MNL |
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.