MIRA INFORM REPORT
|
Report Date : |
28.03.2013 |
IDENTIFICATION DETAILS
|
Name : |
SAMWHA
[THAILAND] CO., LTD. |
|
|
|
|
Registered Office : |
66 Moo
4, T. Thakai,
A. Muang, Chachoengsao 24000, |
|
|
|
|
Country : |
Thailand |
|
|
|
|
Financials (as on) : |
31.12.2012 |
|
|
|
|
Date of Incorporation : |
21.11.1997 |
|
|
|
|
Com. Reg. No.: |
0245540000933 |
|
|
|
|
Legal Form : |
Private Limited Company |
|
|
|
|
Line of Business : |
Manufacturer, Exporter
And Distributor of
Electrical Parts |
|
|
|
|
No. of Employees : |
100 |
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 – 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
SAMWHA
[THAILAND] CO., LTD.
SUMMARY
BUSINESS
ADDRESS : 66
MOO 4, T.
THAKAI, A. MUANG,
CHACHOENGSAO 24000,
THAILAND
TELEPHONE : [66] 38
847-571-3, 38 847-608-9
FAX : [66] 38
847-575, 38 847-616
E-MAIL
ADDRESS : hskim@samwha.com
REGISTRATION
ADDRESS : SAME
AS BUSINESS ADDRESS
ESTABLISHED
: 1997
REGISTRATION
NO. : 0245540000933
TAX
ID NO. : 3011965825
CAPITAL REGISTERED : BHT. 216,820,800
CAPITAL PAID-UP : BHT.
216,820,800
SHAREHOLDER’S PROPORTION : KOREAN
: 100%
FISCAL YEAR CLOSING DATE : DECEMBER 31
LEGAL
STATUS : PRIVATE LIMITED
COMPANY
EXECUTIVE : MR.
SEUNG NAM KIM,
KOREAN
MANAGING DIRECTOR
NO.
OF STAFF : 100
LINES
OF BUSINESS : ELECTRICAL PARTS
MANUFACTURER, EXPORTER
AND DISTRIBUTOR
CORPORATE PROFILE
OPERATING
TREND : STABLE
PRESENT
SITUATION : OPERATING NORMALLY
REPUTATION : GOOD
WITH NORMAL BUSINESS
ENGAGEMENT
MANAGEMENT
STANDARD : MANAGEMENT WITH
FAIR PERFORMANCE
HISTORY
The subject was
established on November
21, 1997 as
a private limited
company under the
name style SAMWHA [THAILAND] CO., LTD. by Korean
groups, with the
business objective to manufacture
electrical parts for electrical and
electric appliance industries
both local and overseas
markets. It currently employs
approximately 100 staff.
It has been
granted promotional privilege
investment by the
Board of Investment [BOI] for
high voltage and
air-condition production under
the certificated no. 1389/2543 and 1483/2545 respectively.
The subject is a
subsidiary of Samwha
Capacitor Ltd., Korea.
The
subject’s registered address
is 66 Moo 4,
T. Thakai, A.
Muang, Chachoengsao 24000,
and this is
the subject’s current
operation address.
THE BOARD OF
DIRECTOR
|
Name |
|
Nationality |
Age |
|
|
|
|
|
|
Mr. Seung Nam
Kim |
[x] |
Korean |
47 |
|
Mr. Huang Ho
Jin |
|
Korean |
63 |
AUTHORIZED PERSON
Only the mentioned
director [x] can
sign on behalf
of the subject
with company’s affixed.
MANAGEMENT
Mr. Seung Nam Kim
is
the Managing Director.
He is Korean
nationality with the
age of 47
years old.
Mr. Hong Sam
Kim is the
Factory Manager.
He is Korean
nationality.
BUSINESS OPERATIONS
The subject is
engaged in manufacturing, distributing
and exporting of
electrical parts specialized
in capacitors for power plant, electrical and electric appliance productions.
Its products include
high/low voltage power
capacitor, power capacitor
dry type, capacitor
equipment, such as
series reactor [dry/ oil filled/ air
core type], discharge
coil [dry/ oil filled] and etc.,
under the product brand
“SAMWHA”.
IMPORT [COUNTRIES]
Most of raw materials,
parts and machinery
are imported from Korea, Republic of China, Japan,
Taiwan and Singapore,
the remaining is
purchased from local
suppliers.
MAJOR SUPPLIERS
|
Name |
Country |
|
|
|
|
Samsung Electro Mechanics [Thailand] Ltd. |
: Thailand |
|
Samwha Capacitor Ltd. |
: Korea |
SALES [LOCAL]
80% of the
products is sold
locally to manufacturers, wholesalers
and end-users both
private company, state
enterprises and government
sectors.
EXPORT [COUNTRY]
20% of its
products is exported
to Korea, Vietnam,
Republic of China,
Chile, Indonesia, Bangladesh,
Malaysia, India and
Brazil.
MAJOR CUSTOMERS
|
Name |
Country |
|
Sharp Appliances [Thailand]
Co., Ltd. |
: Thailand |
|
Samwha Capacitor Ltd. |
: Korea |
|
C.P.T. [Thailand] Co.,
Ltd. |
: Thailand |
|
Quality Trading Co.,
Ltd. |
: Thailand |
|
M.S. Switch Board Co.,
Ltd. |
: Thailand |
|
Siam 3E Co.,
Ltd. |
: Thailand |
|
PTT Group |
: Thailand |
|
IRPC Public Company
Limited |
: Thailand |
|
Electricity Generating Authority
of Thailand |
: Thailand |
|
Metropolitan Electricity Authority |
: Thailand |
|
Provincial Electricity Authority |
: Thailand |
|
Estel Co., Ltd. |
: Thailand |
|
Pornsangchai Electric Co.,
Ltd. |
: Thailand |
|
Korat Group Engineering
Co., Ltd. |
: Thailand |
|
Precise Corporation Co.,
Ltd. |
: Thailand |
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
according 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
L/C at sight
or T/T.
Exports are against
T/T.
BANKING
Kasikornbank Public Co.,
Ltd.
[Head Office :
1 Kasikorn Lane,
Rajburana Rd., Rajburana,
Bangkok]
Bangkok Bank Public
Co., Ltd.
[Head Office :
333 Silom Rd.,
Silom, Bangrak, Bangkok
10500]
EMPLOYMENT
The subject employs
approximately 100 staff
[office staff and
factory workers].
LOCATION DETAILS
The premise is
rented for administrative office,
factory and warehouse
at the heading
address. Premise is
located in provincial.
COMMENT
The giant electronic makers have been looking for local suppliers of several parts as a substitute
for imports. The subject has gained its high recognition in supplying of
capacitor to leading electronic manufacturers both local and overseas
markets since it has
commenced in Thailand.
FINANCIAL INFORMATION
The capital was
registered at Bht. 7,000,000 divided
into 70,000 shares
of Bht. 100
each.
The capital was
increased later as
follows:
Bht. 19,000,000
on June 25,
1998
Bht. 38,000,000
on October 1,
1999
Bht. 76,000,000
on March 28,
2000
Bht. 106,310,000 on
September 18, 2002
Bht. 148,070,200 on
January 15, 2004
Bht. 216,820,800 on
November 22, 2004
The latest registered
capital was increased
to Bht. 216,820,800
divided into 2,168,208
shares of Bht.
100 each with
fully paid.
THE SHAREHOLDERS LISTED
WERE : [as
at March 1,
2013]
|
NAME |
HOLDING |
% |
|
Samwha Capacitor Ltd.
Nationality: Korean Address : 124 Ladong,
Dyungki-Do, Korea |
2,081,997 |
96.02 |
|
Samwha Electronics Co., Ltd.
Nationality: Korean Address : Korea |
43,100 |
1.99 |
|
Samwha Electric Co., Ltd. Nationality: Korean Address : 92 Chongju-Chi - Zung-Buk, Korea |
43,100 |
1.99 |
|
Mr. Huang Ho
Jin Nationality: Korean Address : 124 Ladong,
Dyungki-Do, Korea |
8 |
- |
|
Mr. Kwan Gee
Jong Nationality: Korean Address : Dyungki-Do, Korea |
2 |
- |
|
Mr. Seung Nam
Kim Nationality: Korean Address : 124 Ladong,
Dyungki-Do, Korea |
1 |
- |
Total Shareholders : 6
Share Structure [as
at March 1,
2013]
|
Nationality |
Shareholders |
No. of Share |
% Shares |
|
|
|
|
|
|
Thai |
- |
- |
- |
|
Foreign-Korean |
6 |
2,168,208 |
100.00 |
|
Total |
6 |
2,168,208 |
100.00 |
NAME OF AUDITOR
& CERTIFIED PUBLIC
ACCOUNTANT NO. :
Mrs. Arunee Pibul No.
2938
BALANCE SHEET [BAHT]
The
latest financial figures
published for December
31, 2012, 2011 &
2010 were:
ASSETS
|
Current Assets |
2012 |
2011 |
2010 |
|
|
|
|
|
|
Cash in hand
& at Bank
|
4,187,294.23 |
4,941,792.54 |
1,628,116.79 |
|
Trade Accounts &
Other Receivable |
131,669,075.20 |
115,791,111.58 |
122,470,833.02 |
|
Inventories |
59,451,801.68 |
85,389,942.60 |
68,236,898.37 |
|
Other Current Assets
|
691,087.92 |
11,053,749.19 |
22,597,847.96 |
|
|
|
|
|
|
Total Current Assets
|
195,999,259.03 |
217,176,595.91 |
214,933,696.14 |
|
Fixed Assets |
102,490,317.55 |
108,214,886.89 |
113,531,143.65 |
|
Other Non-current Assets |
126,613.07 |
180,613.07 |
275,613.07 |
|
Total Assets |
298,616,189.65 |
325,572,095.87 |
328,740,452.86 |
LIABILITIES &
SHAREHOLDERS' EQUITY [BAHT]
|
Current
Liabilities |
2012 |
2011 |
2010 |
|
|
|
|
|
|
Bank Overdraft & Short-term
Loan from Financial
Institutions |
- |
25,465,520.00 |
54,533,340.00 |
|
Trade Account & Other Payable |
94,700,705.75 |
112,647,290.52 |
114,563,202.78 |
|
Current Portion of
Lease Contract Liabilities |
662,271.51 |
701,551.82 |
357,700.86 |
|
Other Current Liabilities |
3,400,819.64 |
2,977,629.95 |
6,508,736.15 |
|
|
|
|
|
|
Total Current Liabilities |
98,763,796.90 |
141,791,992.29 |
175,962,979.79 |
|
Finance Lease Contract Liabilities |
- |
- |
806,449.03 |
|
Long-term Loan |
167,318.62 |
829,590.13 |
- |
|
Total Liabilities |
98,931,115.52 |
142,621,582.42 |
176,769,128.82 |
|
|
|
|
|
|
Shareholders' Equity |
|
|
|
|
|
|
|
|
|
Share capital : Baht 100
par value authorized, issued
and fully paid share
capital 2,168,208 shares
|
216,820,800.00 |
216,820,800.00 |
216,820,800.00 |
|
|
|
|
|
|
Capital Paid |
216,820,800.00 |
216,820,800.00 |
216,820,800.00 |
|
Retained Earning -
Unappropriated [Deficit] |
[17,135,725.87] |
[33,870,286.55] |
[64,849,475.96] |
|
Total Shareholders' Equity |
199,685,074.13 |
182,950,513.45 |
151,971,324.04 |
|
Total Liabilities & Shareholders' Equity |
298,616,189.65 |
325,572,095.87 |
328,740,452.86 |
PROFIT &
LOSS ACCOUNT
|
Revenue |
2012 |
2011 |
2010 |
|
|
|
|
|
|
Sales - Export |
150,631,294.68 |
259,284,999.76 |
270,350,327.66 |
|
Sales - Domestic |
339,908,323.93 |
280,948,850.68 |
246,604,852.35 |
|
Service Income |
- |
4,357,960.63 |
10,092,570.39 |
|
Other Income |
256,448.33 |
13,457,424.72 |
11,975,590.35 |
|
Total Revenues |
490,796,066.94 |
558,049,235.79 |
539,023,340.75 |
|
Expenses |
|
|
|
|
|
|
|
|
|
Cost of Goods
Sold |
440,854,483.70 |
483,383,197.84 |
463,050,935.32 |
|
Cost of Service |
- |
4,357,960.63 |
9,492,570.39 |
|
Selling Expenses |
2,149,551.62 |
3,245,418.53 |
4,546,510.65 |
|
Administrative Expenses |
25,240,373.12 |
27,934,443.60 |
25,158,832.76 |
|
Total Expenses |
468,244,408.44 |
518,921,020.60 |
502,248,849.12 |
|
|
|
|
|
|
Profit / [Loss] before Financial
Cost & Income Tax |
22,551,658.50 |
39,128,215.19 |
36,774,491.63 |
|
Financial Cost |
[686,236.07] |
[1,242,816.16] |
[2,479,669.85] |
|
Profit / [Loss] before Income
Tax |
21,865,422.43 |
37,885,399.03 |
34,294,821.78 |
|
Income Tax |
[5,130,861.75] |
[6,906,209.62] |
- |
|
|
|
|
|
|
Net Profit / [Loss] |
16,734,560.68 |
30,979,189.41 |
34,294,821.78 |
FINANCIAL ANALYSIS
|
ITEM |
UNIT |
2012 |
2011 |
2010 |
|
|
|
|
|
|
|
LIQUIDITY RATIO |
|
|
|
|
|
CURRENT RATIO |
TIMES |
1.98 |
1.53 |
1.22 |
|
QUICK RATIO |
TIMES |
1.38 |
0.85 |
0.71 |
|
|
|
|
|
|
|
ACTIVITY RATIO |
|
|
|
|
|
FIXED ASSETS TURNOVER |
TIMES |
4.79 |
5.03 |
4.64 |
|
TOTAL ASSETS TURNOVER |
TIMES |
1.64 |
1.67 |
1.60 |
|
INVENTORY CONVERSION PERIOD |
DAYS |
49.22 |
63.90 |
52.71 |
|
INVENTORY TURNOVER |
TIMES |
7.42 |
5.71 |
6.93 |
|
RECEIVABLES CONVERSION PERIOD |
DAYS |
97.97 |
77.61 |
84.82 |
|
RECEIVABLES TURNOVER |
TIMES |
3.73 |
4.70 |
4.30 |
|
PAYABLES CONVERSION PERIOD |
DAYS |
78.41 |
84.30 |
88.49 |
|
CASH CONVERSION CYCLE |
DAYS |
68.79 |
57.21 |
49.03 |
|
|
|
|
|
|
|
PROFITABILITY
RATIO |
|
|
|
|
|
COST OF GOODS SOLD |
% |
89.87 |
89.56 |
89.66 |
|
SELLING & ADMINISTRATION |
% |
5.58 |
5.73 |
5.64 |
|
INTEREST |
% |
0.14 |
0.23 |
0.47 |
|
GROSS PROFIT MARGIN |
% |
10.18 |
12.91 |
12.61 |
|
NET PROFIT MARGIN BEFORE EX. ITEM |
% |
4.60 |
7.18 |
6.98 |
|
NET PROFIT MARGIN |
% |
3.41 |
5.69 |
6.51 |
|
RETURN ON EQUITY |
% |
8.38 |
16.93 |
22.57 |
|
RETURN ON ASSET |
% |
5.60 |
9.52 |
10.43 |
|
EARNING PER SHARE |
BAHT |
7.72 |
14.29 |
15.82 |
|
|
|
|
|
|
|
LEVERAGE RATIO |
|
|
|
|
|
DEBT RATIO |
TIMES |
0.33 |
0.44 |
0.54 |
|
DEBT TO EQUITY RATIO |
TIMES |
0.50 |
0.78 |
1.16 |
|
TIME INTEREST EARNED |
TIMES |
32.86 |
31.48 |
14.83 |
|
|
|
|
|
|
|
ANNUAL GROWTH |
|
|
|
|
|
SALES GROWTH |
% |
(9.93) |
3.33 |
|
|
OPERATING PROFIT |
% |
(42.36) |
6.40 |
|
|
NET PROFIT |
% |
(45.98) |
(9.67) |
|
|
FIXED ASSETS |
% |
(5.29) |
(4.68) |
|
|
TOTAL ASSETS |
% |
(8.28) |
(0.96) |
|
ANNUAL GROWTH :
RISKY
An annual sales growth is -9.93%. Turnover has decreased from THB
544,591,811.07 in 2011 to THB 490,539,618.61 in 2012. While net profit has decreased
from THB 30,979,189.41 in 2011 to THB 16,734,560.68 in 2012. And total assets
has decreased from THB 325,572,095.87 in 2011 to THB 298,616,189.65 in 2012.
PROFITABILITY :
EXCELLENT
PROFITABILITY
RATIO
|
Gross Profit Margin |
10.18 |
Impressive |
Industrial
Average |
9.46 |
|
Net Profit Margin |
3.41 |
Impressive |
Industrial
Average |
2.42 |
|
Return on Assets |
5.60 |
Impressive |
Industrial Average |
3.77 |
|
Return on Equity |
8.38 |
Impressive |
Industrial
Average |
7.91 |
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. The
company’s figure is 10.18%. 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. The company’s figure is 3.41%, 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
5.6%, 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 8.38%, 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 :
SATISFACTORY
LIQUIDITY RATIO
|
Current Ratio |
1.98 |
Impressive |
Industrial
Average |
1.29 |
|
Quick Ratio |
1.38 |
|
|
|
|
Cash Conversion Cycle |
68.79 |
|
|
|
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 1.98 times in 2012, increased from 1.53 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 1.38 times in 2012,
increased from 0.85 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 69 days.
Trend of the
average competitors in the same industry for last 5 years
Current Ratio Uptrend
LEVERAGE :
EXCELLENT
LEVERAGE RATIO
|
Debt Ratio |
0.33 |
Impressive |
Industrial
Average |
0.50 |
|
Debt to Equity Ratio |
0.50 |
Impressive |
Industrial
Average |
1.06 |
|
Times Interest Earned |
32.86 |
Impressive |
Industrial
Average |
4.56 |
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 32.87 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 0.33 less than 0.5, most of the company's
assets are financed through equity.
Trend of the
average competitors in the same industry for last 5 years
Debt Ratio Uptrend
Times Interest Earned Downtrend
ACTIVITY :
IMPRESSIVE
ACTIVITY RATIO
|
Fixed Assets Turnover |
4.79 |
Impressive |
Industrial
Average |
3.03 |
|
Total Assets Turnover |
1.64 |
Impressive |
Industrial
Average |
1.52 |
|
Inventory Conversion Period |
49.22 |
|
|
|
|
Inventory Turnover |
7.42 |
Satisfactory |
Industrial
Average |
7.42 |
|
Receivables Conversion Period |
97.97 |
|
|
|
|
Receivables Turnover |
3.73 |
Acceptable |
Industrial
Average |
5.31 |
|
Payables Conversion Period |
78.41 |
|
|
|
The company's Account Receivable Ratio is calculated as 3.73 and 4.70 in
2012 and 2011 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 2012
decreased from 2011. 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 decreased from 64 days at the
end of 2011 to 49 days at the end of 2012. This represents a positive trend.
And Inventory turnover has increased from 5.71 times in year 2011 to 7.42 times
in year 2012.
The company's Total Asset Turnover is calculated as 1.64 times and 1.67
times in 2012 and 2011 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 Uptrend
Receivables Turnover Downtrend
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.54.27 |
|
|
1 |
Rs.82.49 |
|
Euro |
1 |
Rs.69.88 |
INFORMATION DETAILS
|
Report Prepared
by : |
PDT |
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.