MIRA INFORM REPORT
|
Report Date : |
07.05.2013 |
IDENTIFICATION DETAILS
|
Name : |
UNIGEMS IMPEX
LIMITED |
|
|
|
|
Formerly Known As : |
UNIGEMS
THAI LIMITED |
|
|
|
|
Registered Office : |
26/4
Soi Sriprasert, Damrongmukda Road, T. Sriboonrueng, A. Muang,
Mukdaharn 49000 |
|
|
|
|
Country : |
Thailand |
|
|
|
|
Financials (as on) : |
31.12.2011 |
|
|
|
|
Date of Incorporation : |
18.04.1984 |
|
|
|
|
Com. Reg. No.: |
0105527015168 |
|
|
|
|
Legal Form : |
Private Limited Company |
|
|
|
|
Line of Business : |
The subject is engaged
in international trading
business to import,
distribute and export
a wide range of ferrous & non-ferrous metal
scraps and related
products, including aluminium
scraps, steel scraps,
lead ingot, brass
ingot, copper ingot,
aluminium alloy ingot
and etc |
|
|
|
|
No. of Employees : |
20 |
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 – March 31st, 2013
|
Country Name |
Previous Rating (31.12.2012) |
Current Rating (31.03.2013) |
|
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 achieved steady growth due largely to industrial and agriculture
exports - mostly electronics, agricultural commodities, automobiles and parts,
and processed foods. Thailand is trying to maintain growth by encouraging
domestic consumption and public investment to offset weak exports in 2012.
Unemployment, at less than 1% of the labor force, stands as one of the lowest
levels in the world, which puts upward pressure on wages in some industries.
Thailand also attracts nearly 2.5 million migrant workers from neighboring
countries. The Thai government is implementing a nation-wide 300 baht ($10) per
day minimum wage policy and deploying new tax reforms designed to lower rates
on middle-income earners. The Thai economy has weathered internal and external
economic shocks in recent years. The global economic severely cut Thailand's
exports, with most sectors experiencing double-digit drops. In 2009, the
economy contracted 2.3%. However, in 2010, Thailand's economy expanded 7.8%,
its fastest pace since 1995, as exports rebounded. In late 2011 growth was
interrupted by historic flooding in the industrial areas in Bangkok and its
five surrounding provinces, crippling the manufacturing sector. Industry
recovered from the second quarter of 2012 onward with GDP growth at 5.5% in
2012. The government has approved flood mitigation projects worth $11.7 billion,
which were started in 2012, to prevent similar economic damage, and an
additional $75 billion for infrastructure over the next seven years with a plan
to start in 2013.
|
Source : CIA |
Company name
UNIGEMS IMPEX
LIMITED
SUMMARY
BUSINESS
ADDRESS : 8th FLOOR,
GEMS TOWER,
1249/66 CHAROENKRUNG
ROAD,
SURIYAWONGSE, BANGRAK,
BANGKOK 10500,
THAILAND
TELEPHONE : [66] 2234-7217,
2267-4745-6
FAX :
[66] 2267-6582
E-MAIL
ADDRESS : unigems.bkk@gmail.com
REGISTRATION
ADDRESS : 26/4
SOI SRIPRASERT, DAMRONGMUKDA
ROAD,
T.
SRIBOONRUENG, A. MUANG,
MUKDAHARN 49000, THAILAND
ESTABLISHED
: 1984
REGISTRATION
NO. : 0105527015168
TAX
ID NO. : 3101294286
CAPITAL REGISTERED : BHT. 35,000,000
CAPITAL PAID-UP : BHT.
35,000,000
SHAREHOLDER’S PROPORTION : THAI :
53.86%
INDIAN
: 46.14%
FISCAL YEAR CLOSING DATE : DECEMBER 31
LEGAL
STATUS : PRIVATE LIMITED
COMPANY
EXECUTIVE : MR. AHMED IQBAL
HABEEB AHMED SULAIMAN,
INDIAN, MANAGING
DIRECTOR
NO.
OF STAFF : 20
LINES
OF BUSINESS : FERROUS AND
NON-FERROUS METAL SCRAPS
AND RELATED
PRODUCTS
IMPORTER, DISTRIBUTOR
AND EXPORTER
CORPORATE PROFILE
OPERATING
TREND : STABLE
PRESENT
SITUATION : OPERATING NORMALLY
REPUTATION : FAIR
WITH NORMAL BUSINESS
ENGAGEMENT
MANAGEMENT
STANDARD : MANAGEMENT WITH
FAIR PERFORMANCE
HISTORY
The
subject was established
on April 18, 1984
as a private
limited company under
the registered name “Unigems Thai
Limited” by Thai
and Indian groups,
with the objective
to operate international
trading of ferrous & non-ferrous metal
scraps and related
products for various
industries.
On
November 6, 1986
the subject’s name
was changed to
“UNIGEMS IMPEX LIMITED”.
It currently employs
20 staff.
The
subject’s initial registered
address was 8th Flr.,
Gems Tower, 1249/66 Charoenkrung
Rd., Suriyawongse, Bangrak,
Bangkok 10500.
On
October 17, 2012,
its registered address
was relocated to 26/4
Soi Sriprasert, Damrongmukda Rd., T. Sriboonrueng, A. Muang,
Mukdaharn 49000, while the current
operation address is
at 8th Flr., Gems
Tower, 1249/66 Charoenkrung
Rd., Suriyawongse, Bangrak,
Bangkok 10500.
THE
BOARD OF DIRECTOR
|
Name |
|
Nationality |
Age |
|
|
|
|
|
|
Mr. Ahmed Iqbal Habeeb
Ahmed Sulaiman |
|
Indian |
47 |
AUTHORIZED PERSON
Only the above
director signs on
behalf of the
subject with company’s
affixed.
MANAGEMENT
Mr. Ahmed Iqbal Habeeb
Ahmed Sulaiman is
the Managing Director.
He is Indian
nationality with the
age of 47
years old.
BUSINESS OPERATIONS
The subject is
engaged in international
trading business to
import, distribute and
export a wide
range of ferrous &
non-ferrous metal scraps
and related products,
including aluminium scraps,
steel scraps, lead
ingot, brass ingot,
copper ingot, aluminium
alloy ingot and
etc. for various
industries.
PURCHASE
The products are
purchased from suppliers
both domestic and
overseas, mainly in
United Arab Emirates.
SALES
The products are
sold and serviced
to customers both
local and overseas,
mainly in India
and Republic of
China.
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 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.
EMPLOYMENT
The
subject employs approximately
20 office staff
and warehouse workers.
LOCATION DETAILS
The
premise is rented for
operating administrative office
at the heading
address. Premise is
located in a
prime commercial area.
In
the beginning of
2014, its operating
address will be
moved to 26/4
Soi Sriprasert, Damrongmukda
Rd., T. Sriboonrueng, A. Muang, Mukdaharn
49000.
Warehouses:
-
46/91
Moo 8, T. Thasai,
A. Muang, Samutsakorn 74000
-
46/96
Moo 8, T. Thasai,
A. Muang, Samutsakorn 74000
COMMENT
The
company was formed
primarily dealing in
diamonds and gemstones.
During the past few
years, it has
decided to expand
and diversify the
Bangkok, Thailand business in
order to cater
for the increasing domestic and Indian
sub-continent industrial demand
for commodities and
materials. Later it
was successfully trading
ferrous & non-ferrous scrap, dross
and residues.
Its customer
base has widened into
many industries. The subject’s
operating performance in
2011 was outstanding,
and its business
trend is expanding
steadily.
FINANCIAL INFORMATION
The
capital was registered
at Bht. 1,000,000 divided into 1,000 shares of Bht. 1,000
each with fully
paid.
The
capital was increased
later as follows:
Bht. 11,000,000
on April 30,
1992
Bht. 25,000,000
on July 19,
2010
Bht. 35,000,000
on August 16,
2011
The
latest registered capital
was increased to
Bht. 35,000,000 divided
into 35,000 shares
of Bht. 1,000 each
with fully paid.
THE SHAREHOLDERS
LISTED WERE
[as
at April 30,
2012]
|
NAME |
HOLDING |
% |
|
|
|
|
|
Mr. Ahmed Iqbal Habeeb
Ahmed Sulaiman Nationality: Indian Address : 4/3
Charoenkrung Rd., Suriyawongse,
Bangrak, Bangkok |
10,000 |
28.57 |
|
Mr. Samarn Manothieng Nationality: Thai Address : 36
Therdthai 9 Rd.,
Bangyeerua,
Thonburi, Bangkok |
6,275 |
17.93 |
|
Ms. Ratchanee Bucha Nationality: Thai Address : 448/15
Surawong Rd., Siphya,
Bangrak, Bangkok |
6,275 |
17.93 |
|
Mr. Danai Manothieng Nationality: Thai Address : 1229/18
Charoenkrung Rd., Suriyawongse,
Bangrak, Bangkok |
6,270 |
17.91 |
|
Mr. Mohamed Meera Shahib
Shahir Manzoor Nationality: Indian Address : 4/3
Charoenkrung Rd., Suriyawongse,
Bangrak, Bangkok |
6,150 |
17.57 |
|
Ms. Namfon Kamkwa Nationality: Thai Address : 265/2
Moo 2, Suksawad
Rd., Bangpakok,
Rajburana, Bangkok |
10 |
|
|
Mrs. Jiraporn Thienwej Nationality: Thai Address : 224/2
Prannok Rd., Siriraj,
Bangkoknoi, Bangkok |
10 |
= 0.09 |
|
Ms. Supansa Sararat Nationality: Thai Address : 114/2
Moo 6, Dontako, Thasala,
Nakornsrithammarat |
10 |
|
Total Shareholders : 8
Share Structure [as
at April 30,
2012]
|
Nationality |
Shareholders |
No. of Share |
% Shares |
|
|
|
|
|
|
Thai |
6 |
18,850 |
53.86 |
|
Foreign - Indian |
2 |
16,150 |
46.14 |
|
Total |
8 |
35,000 |
100.00 |
NAME OF AUDITOR
& CERTIFIED PUBLIC
ACCOUNTANT NO. :
Mr. Suchart Srimanchantha No.
3549
Note:
The 2012 financial
statement has not
available during investigation.
BALANCE SHEET [BAHT]
The
latest financial figures
published for December 31,
2011, 2010 & 2009
were:
ASSETS
|
Current Assets |
2011 |
2010 |
2009 |
|
|
|
|
|
|
Cash and Cash Equivalent |
185,711.17 |
360,933.33 |
2,027,956.52 |
|
Trade Accounts Receivable |
12,714,002.06 |
13,225,449.06 |
10,293,128.07 |
|
Inventories |
37,186,781.96 |
21,615,475.00 |
14,391,733.71 |
|
Other Current Assets |
6,468,868.79 |
10,424,072.98 |
1,012,249.35 |
|
|
|
|
|
|
Total Current Assets
|
56,555,363.98 |
45,625,930.37 |
27,725,067.65 |
|
|
|
|
|
|
Fixed Assets |
54,748,347.52 |
2,494,492.22 |
950,190.53 |
|
Total Assets |
111,303,711.50 |
48,120,422.59 |
28,675,258.18 |
LIABILITIES &
SHAREHOLDERS’ EQUITY [BAHT]
|
Current
Liabilities |
2011 |
2010 |
2009 |
|
|
|
|
|
|
Bank Overdraft |
2,872,706.95 |
1,658,600.33 |
9,428,709.51 |
|
Letter of Credit- Accounts Payable |
19,748,893.25 |
9,923,525.08 |
- |
|
Accrued Income Tax |
538,306.38 |
103,723.61 |
- |
|
Accrued Expenses |
722,643.04 |
554,882.95 |
209,039.30 |
|
Trade Accounts Payable |
27,133,235.42 |
15,541,440.13 |
13,086,949.10 |
|
Pre-received for Goods |
2,744,952.71 |
- |
- |
|
|
|
|
|
|
Total Current Liabilities |
53,760,737.75 |
27,782,172.10 |
22,724,697.91 |
|
Loan from Bank |
27,000,000.00 |
- |
- |
|
Total Liabilities |
80,760,737.75 |
27,782,172.10 |
22,724,697.91 |
|
|
|
|
|
|
Shareholders’ Equity |
|
|
|
|
|
|
|
|
|
Share capital : Baht 1,000
par value authorized, issued
and fully paid share
capital 35,000, 25,000 & 11,000
shares in 2011, 2010
& 2009 respectively |
35,000,000.00 |
25,000,000.00 |
11,000,000.00 |
|
|
|
|
|
|
Capital Paid |
35,000,000.00 |
25,000,000.00 |
11,000,000.00 |
|
Retained Earning- Unappropriated |
[4,457,026.25] |
[4,661,749.51] |
[5,049,439.73] |
|
Total Shareholders' Equity |
30,542,973.75 |
20,338,250.49 |
5,950,560.27 |
|
Total Liabilities &
Shareholders' Equity |
111,303,711.50 |
48,120,422.59 |
28,675,258.18 |
PROFIT &
LOSS ACCOUNT
|
Revenue |
2011 |
2010 |
2009 |
|
|
|
|
|
|
Sales Income |
205,101,705.51 |
142,174,469.80 |
127,987,870.65 |
|
Other Income |
450,041.37 |
871,236.52 |
- |
|
Total Revenues |
205,551,746.88 |
143,045,706.32 |
127,987,870.65 |
|
Expenses |
|
|
|
|
|
|
|
|
|
Cost of Goods
Sold |
194,736,557.35 |
135,612,204.74 |
121,578,243.41 |
|
Selling Expenses |
4,700,830.73 |
2,841,376.03 |
2,993,717.46 |
|
Administrative Expenses |
4,268,670.41 |
3,508,344.26 |
2,743,916.16 |
|
Total Expenses |
203,706,058.49 |
141,961,925.03 |
127,315,877.03 |
|
|
|
|
|
|
Profit / [Loss] before Financial Cost & Income Tax |
1,845,688.39 |
1,083,781.29 |
671,993.62 |
|
Financial Cost |
[1,019,408.75] |
[529,667.46] |
[256,577.08] |
|
Profit / [Loss] before Income
Tax |
826,279.64 |
554,113.83 |
415,416.54 |
|
Income Tax |
[621,556.38] |
[166,423.61] |
[125,178.03] |
|
|
|
|
|
|
Net Profit / [Loss] |
204,723.26 |
387,690.22 |
290,238.51 |
FINANCIAL ANALYSIS
|
ITEM |
UNIT |
2011 |
2010 |
2009 |
|
|
|
|
|
|
|
LIQUIDITY RATIO |
|
|
|
|
|
CURRENT RATIO |
TIMES |
1.05 |
1.64 |
1.22 |
|
QUICK RATIO |
TIMES |
0.24 |
0.49 |
0.54 |
|
|
|
|
|
|
|
ACTIVITY RATIO |
|
|
|
|
|
FIXED ASSETS TURNOVER |
TIMES |
3.75 |
57.00 |
134.70 |
|
TOTAL ASSETS TURNOVER |
TIMES |
1.84 |
2.95 |
4.46 |
|
INVENTORY CONVERSION PERIOD |
DAYS |
69.70 |
58.18 |
43.21 |
|
INVENTORY TURNOVER |
TIMES |
5.24 |
6.27 |
8.45 |
|
RECEIVABLES CONVERSION PERIOD |
DAYS |
22.63 |
33.95 |
29.35 |
|
RECEIVABLES TURNOVER |
TIMES |
16.13 |
10.75 |
12.43 |
|
PAYABLES CONVERSION PERIOD |
DAYS |
50.86 |
41.83 |
39.29 |
|
CASH CONVERSION CYCLE |
DAYS |
41.47 |
50.30 |
33.27 |
|
|
|
|
|
|
|
PROFITABILITY
RATIO |
|
|
|
|
|
COST OF GOODS SOLD |
% |
94.95 |
95.38 |
94.99 |
|
SELLING & ADMINISTRATION |
% |
4.37 |
4.47 |
4.48 |
|
INTEREST |
% |
0.50 |
0.37 |
0.20 |
|
GROSS PROFIT MARGIN |
% |
5.27 |
5.23 |
5.01 |
|
NET PROFIT MARGIN BEFORE EX. ITEM |
% |
0.90 |
0.76 |
0.53 |
|
NET PROFIT MARGIN |
% |
0.10 |
0.27 |
0.23 |
|
RETURN ON EQUITY |
% |
0.67 |
1.91 |
4.88 |
|
RETURN ON ASSET |
% |
0.18 |
0.81 |
1.01 |
|
EARNING PER SHARE |
BAHT |
5.85 |
15.51 |
26.39 |
|
|
|
|
|
|
|
LEVERAGE RATIO |
|
|
|
|
|
DEBT RATIO |
TIMES |
0.73 |
0.58 |
0.79 |
|
DEBT TO EQUITY RATIO |
TIMES |
2.64 |
1.37 |
3.82 |
|
TIME INTEREST EARNED |
TIMES |
1.81 |
2.05 |
2.62 |
|
|
|
|
|
|
|
ANNUAL GROWTH |
|
|
|
|
|
SALES GROWTH |
% |
44.26 |
11.08 |
|
|
OPERATING PROFIT |
% |
70.30 |
61.28 |
|
|
NET PROFIT |
% |
(47.19) |
33.58 |
|
|
FIXED ASSETS |
% |
2,094.77 |
162.53 |
|
|
TOTAL ASSETS |
% |
131.30 |
67.81 |
|
ANNUAL GROWTH :
IMPRESSIVE
An annual sales growth is 44.26%. Turnover has increased from THB
142,174,469.80 in 2010 to THB 205,101,705.51 in 2011. While net profit has decreased
from THB 387,690.22 in 2010 to THB 204,723.26 in 2011. And total assets has
increased from THB 48,120,422.59 in 2010 to THB 111,303,711.50 in 2011.
PROFITABILITY :
SATISFACTORY
PROFITABILITY
RATIO
|
Gross Profit Margin |
5.27 |
Impressive |
Industrial
Average |
- |
|
Net Profit Margin |
0.10 |
Satisfactory |
Industrial
Average |
0.10 |
|
Return on Assets |
0.18 |
Acceptable |
Industrial
Average |
0.26 |
|
Return on Equity |
0.67 |
Satisfactory |
Industrial
Average |
0.80 |
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 figure is
5.27%. 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 0.1%. 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 0.18%.
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. When compared with the
industry average, it was lower, the company's figure is 0.67%.
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 |
1.05 |
Impressive |
Industrial
Average |
1.05 |
|
Quick Ratio |
0.24 |
|
|
|
|
Cash Conversion Cycle |
41.47 |
|
|
|
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 1.05 times in 2011, decreased from 1.64 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 0.24 times in 2011,
decreased from 0.49 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 42 days.
Trend of the
average competitors in the same industry for last 5 years
Current Ratio Downtrend
LEVERAGE :
SATISFACTORY
LEVERAGE RATIO
|
Debt Ratio |
0.73 |
Impressive |
Industrial
Average |
0.73 |
|
Debt to Equity Ratio |
2.64 |
Risky |
Industrial
Average |
2.64 |
|
Times Interest Earned |
1.81 |
Impressive |
Industrial
Average |
- |
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 1.82 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 0.73 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 Downtrend
ACTIVITY :
IMPRESSIVE
ACTIVITY RATIO
|
Fixed Assets Turnover |
3.75 |
Impressive |
Industrial
Average |
- |
|
Total Assets Turnover |
1.84 |
Acceptable |
Industrial
Average |
2.58 |
|
Inventory Conversion Period |
69.70 |
|
|
|
|
Inventory Turnover |
5.24 |
Satisfactory |
Industrial
Average |
6.62 |
|
Receivables Conversion Period |
22.63 |
|
|
|
|
Receivables Turnover |
16.13 |
Impressive |
Industrial
Average |
3.79 |
|
Payables Conversion Period |
50.86 |
|
|
|
The company's Account Receivable Ratio is calculated as 16.13 and 10.75
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
increased from 2010. This would suggest the company had good performance 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 58 days at the
end of 2010 to 70 days at the end of 2011. This represents a negative trend.
And Inventory turnover has decreased from 6.27 times in year 2010 to 5.24 times
in year 2011.
The company's Total Asset Turnover is calculated as 1.84 times and 2.95
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.53.94 |
|
UK Pound |
1 |
Rs.84.03 |
|
Euro |
1 |
Rs.70.72 |
INFORMATION DETAILS
|
Report
Prepared by : |
NLM |
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.