MIRA
INFORM REPORT
|
Report Date : |
06.11.2013 |
IDENTIFICATION DETAILS
|
Name : |
NORDSON
XALOY ASIA [ |
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Formerly Known As : |
XALOY ASIA [ |
|
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Registered Office : |
700/446 MOO 7, Amata Nakorn Industrial Estate, T. Donhuaroh, A. Muang, Chonburi 2000 |
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Country : |
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Financials (as on) : |
31.12.2012 |
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Date of Incorporation : |
1998 |
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Com. Reg. No.: |
0205541003537 |
|
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Legal Form : |
Private Limited Company |
|
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|
Line of Business : |
Manufacturing and distributing various
types of barrels
and screw, such
as bimetallic barrels,
conduction barrel heating,
high performance screws,
screen changers, shutoff
nozzle, and others
for plastic molding
and injection machinery |
|
|
|
|
No. of Employees : |
230 |
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 : |
Slow but correct |
|
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) |
|
|
B1 |
B1 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
|
Moderate |
B1 |
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High |
B2 |
|
Very High |
C1 |
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Restricted |
C2 |
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Off-credit |
D |
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 crisis 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
NORDSON
XALOY ASIA [THAILAND]
LTD.
[FORMER
: XALOY ASIA
[THAILAND] LIMITED]
SUMMARY
BUSINESS
ADDRESS : 700/446 MOO
7, AMATA NAKORN INDUSTRIAL
ESTATE,
T. DONHUAROH, A. MUANG,
CHONBURI 20000,
THAILAND
TELEPHONE : [66] 38
717-084-92
FAX :
[66] 38
454-377-8
E-MAIL
ADDRESS : info@nordsonxaloy.com
REGISTRATION
ADDRESS : SAME
AS BUSINESS ADDRESS
ESTABLISHED
: 1998
REGISTRATION
NO. : 0205541003537 [Former
: CHOR BOR. 6630]
TAX
ID NO. : 3201112770
CAPITAL REGISTERED : BHT. 164,340,000
CAPITAL PAID-UP : BHT.
164,340,000
SHAREHOLDER’S PROPORTION : AMERICAN :
100%
FISCAL YEAR CLOSING DATE : DECEMBER 31
LEGAL
STATUS : PRIVATE LIMITED
COMPANY
EXECUTIVE : MR. PETER GILCHRIST
LAMBERT, AMERICAN
MANAGING DIRECTOR
NO.
OF STAFF : 230
LINES
OF BUSINESS : BARRELS AND
SCREWS
MANUFACTURER,
EXPORTER 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
July 13,
1998 as a
private limited company
under the registered
name “Xaloy Asia
[Thailand] Limited” by
American groups, with
the business objective
to manufacture, distribute
and export various
types of barrels and
screws to both
domestic and overseas
markets.
The
subject was initially
a wholly owned
subsidiary of Xaloy Incorporated, U.S.A.,
a member of Saurer Group, the world's leading
manufacturer of technologically sophisticated systems
used by the textile,
automotive and plastics
industries with many
affiliated companies in Europe,
USA and
Asia.
In
2012, Xaloy Incorporated,
has been acquired
by the Nordson
Corporation, and has
changed the new
name to Nordson
Xaloy Incorporated, therefore
the subject has
also changed the
name accordingly to
NORDSON XALOY ASIA
[THAILAND] LTD., on
December 12, 2012.
It currently employs
230 staff.
The subject received the
International Standard ISO:9001 Certificate in
January, 2000.
The subject’s registered
address is 700/446
Moo 7, Amata
Nakorn Industrial Estate,
T. Donhuaroh, A. Muang,
Chonburi 20000, and
this is the
subject’s current operation
address.
THE
BOARD OF DIRECTORS
|
Name |
|
Nationality |
Age |
|
|
|
|
|
|
Mr. Lai Chee Sing |
|
Malaysian |
54 |
|
Mr. Teong Hiang Kong |
[-] |
Malaysian |
47 |
|
Mr. Stephen Mark Purcell |
[-] |
American |
47 |
|
Mr. Peter Gilchrist Lambert |
[x] |
American |
52 |
|
Mr. Kamthorn Sukhapanpotaram |
|
Thai |
44 |
AUTHORIZED PERSON
The mentioned director
[x] can sign
or both of the
directors [-] can
jointly sign or
one of the
mentioned directors [-]
can jointly sign
with anyone of
the rest directors
on behalf of
the subject with
company’s affixed.
MANAGEMENT
Mr. Peter Gilchrist Lambert
is the Managing
Director.
He is
American nationality with
the age of
52 years old.
Mr. Saisei Oyama is
the Operation Manager.
He is Japanese
nationality with the
age of 57
years old.
Mr. Pornthavee Pinyo is
the Human Resources
Manager.
He is Thai
nationality.
BUSINESS OPERATIONS
The subject
is engaged in
manufacturing and distributing
various types of
barrels and screw,
such as bimetallic
barrels, conduction barrel
heating, high performance
screws, screen changers,
shutoff nozzle, and
others for plastic
molding and injection
machinery.
PURCHASE
80% of raw
materials such as
steel sheet and
aluminium sheet are
purchased from local
suppliers, the remaining
20% is imported
from Japan, Germany,
U.S.A., Republic of
China and India.
MAJOR SUPPLIER
Nordson Xaloy Incorporated : U.S.A.
SALES
80% of the products
is exported to Republic
of China, Japan,
Korea, Indonesia, U.S.A.,
Malaysia and European
countries, the remaining
20% is sold locally.
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
T/T.
Exports are against
T/T.
BANKING
Bangkok Bank Public
Co., Ltd.
EMPLOYMENT
The
subject employs approximately
230 office staff
and factory worker.
LOCATION
DETAILS
The
premise is owned
for administrative office and
factory at the
heading address. Premise
is located in
industrial area.
COMMENT
The
subject was formed
in 1998 as
a manufacturer, distributor
and exporter of barrels
and screw. The
products have been
served to industrial
sector. Subject served
mainly to industrial
users for plastic
molding and injection
machinery. Sluggish economy
and decline consumption
from industrial sector
had resulted to slowdown
subject’s operating performance
in 2012.
Subject’s
performance is likely
to grow at
slow pace this
year.
FINANCIAL
INFORMATION
The
capital was registered
at Bht. 100,000,000 divided
into 1,000,000 shares of Bht.
100 each with
fully paid.
On
August 16, 2012,
the capital was
increased to Bht.
164,340,000 divided into
1,643,400 shares of Bht.
100 each with
fully paid.
THE
SHAREHOLDERS LISTED WERE
: [as at
April 19, 2013]
|
NAME |
HOLDING |
% |
|
|
|
|
|
Nordson Xaloy Incorporated Nationality: American Address : 102
Xaloy Way, Pulaski, Virginia 24301,
U.S.A. |
1,643,394 |
100.00 |
|
F. R. Gross Company, Inc. Nationality: American Address : 1399
County Line Road,
New Castle, |
2 |
- |
|
New Castle Industries
Inc. Nationality: American Address : 1399
County Line Road,
New Castle, |
1 |
- |
|
Flame Tech Corporation Nationality: American Address : New
Hampshire, U.S.A. |
1 |
- |
|
New Castle Screws
Inc. Nationality: American Address : 1399
County Line Road,
New Castle, |
1 |
- |
|
New Castle Rolls
Inc. Nationality: American Address : 1399
County Line Road,
New Castle, |
1 |
- |
Total Shareholders : 6
Share Structure [as
at April 19,
2013]
|
Nationality |
Shareholders |
No. of Share |
% Shares |
|
|
|
|
|
|
Thai |
- |
- |
- |
|
Foreign - American |
6 |
1,643,400 |
100.00 |
|
Total |
6 |
1,643,400 |
100.00 |
NAME OF AUDITOR
& CERTIFIED PUBLIC
ACCOUNTANT NO. :
Mr. Narin Juramongkol No.
8593
BALANCE SHEET [BAHT]
The latest financial figures published
as at December
31, 2012, 2011
& 2010 were:
ASSETS
|
Current Assets |
2012 |
2011 |
2010 |
|
|
|
|
|
|
Cash and Cash Equivalents |
16,671,845 |
13,113,692 |
13,331,723 |
|
Trade Accounts Receivable
|
|
|
|
|
Other company |
61,877,703 |
101,246,407 |
76,253,324 |
|
Related company |
51,332,735 |
85,548,515 |
109,981,338 |
|
Related Company Receivable |
162,794 |
23,076,518 |
20,017,871 |
|
Inventories |
115,407,158 |
95,077,384 |
94,888,689 |
|
Refundable Value Added Tax |
3,735,307 |
1,316,805 |
1,400,472 |
|
Other Current Assets
|
15,824,789 |
13,809,193 |
9,834,538 |
|
|
|
|
|
|
Total Current Assets
|
265,012,331 |
333,188,514 |
325,707,955 |
|
|
|
|
|
|
Cash at Bank pledged as a Collateral |
- |
- |
2,000,000 |
|
Fixed Assets |
176,848,577 |
161,007,792 |
133,670,540 |
|
Other Non-current Assets |
294,856 |
372,047 |
564,230 |
|
Total Assets |
442,155,764 |
494,568,353 |
461,942,725 |
LIABILITIES &
SHAREHOLDERS’ EQUITY [BAHT]
|
Current
Liabilities |
2012 |
2011 |
2010 |
|
|
|
|
|
|
Short-term Loan from Financial Institutions |
29,687,023 |
- |
73,030,800 |
|
Trade Accounts Payable
|
|
|
|
|
General trade |
58,970,605 |
51,946,234 |
56,600,666 |
|
Related company |
2,643,246 |
110,446,254 |
69,172,686 |
|
Related Company Payable |
180,335 |
26,417,411 |
45,371,530 |
|
Current Portion of
Long-term Loans |
- |
23,520,000 |
5,419,264 |
|
Accrued Income Tax |
5,312,185 |
11,673,296 |
3,417,489 |
|
Accrued Expenses |
19,778,857 |
17,252,447 |
15,950,136 |
|
Other Current Liabilities |
13,893,535 |
12,186,147 |
9,411,127 |
|
|
|
|
|
|
Total Current Liabilities |
130,465,786 |
253,441,789 |
278,373,698 |
|
Long-term Loan, net |
- |
36,564,731 |
36,312,929 |
|
Employee Benefits Obligation |
5,291,399 |
1,568,974 |
- |
|
Total Liabilities |
135,757,185 |
291,575,494 |
314,686,627 |
|
|
|
|
|
|
Shareholders' Equity |
|
|
|
|
|
|
|
|
|
Share capital : Baht 100
par value authorized, issued
and fully paid share
capital 1,643,000 in
2012, 1,000,000 shares
in 2011 & 2010 |
164,340,000 |
100,000,000 |
100,000,000 |
|
|
|
|
|
|
Capital Paid |
164,340,000 |
100,000,000 |
100,000,000 |
|
Retained Earning Unappropriated [Deficit] |
142,058,579 |
102,992,859 |
47,256,098 |
|
Total Shareholders' Equity |
306,398,579 |
202,992,859 |
147,256,098 |
|
Total Liabilities & Shareholders' Equity |
442,155,764 |
494,568,353 |
461,942,725 |
PROFIT &
LOSS ACCOUNT
|
Revenue |
2012 |
2011 |
2010 |
|
|
|
|
|
|
Sales Income |
618,959,606 |
634,085,017 |
618,528,559 |
|
Gain on Exchange Rate |
- |
7,266,998 |
- |
|
Other Income |
1,574,496 |
3,441,108 |
2,483,170 |
|
Total Revenues |
620,534,102 |
644,793,123 |
621,011,729 |
|
Expenses |
|
|
|
|
|
|
|
|
|
Cost of Goods
Sold |
428,229,584 |
452,469,397 |
434,749,870 |
|
Selling Expenses |
76,086,452 |
65,199,816 |
56,228,427 |
|
Administrative Expenses |
59,576,251 |
45,979,738 |
41,216,202 |
|
Loss on Exchange Rate |
5,290,901 |
- |
4,878,275 |
|
Total Expenses |
569,183,188 |
563,648,951 |
537,072,774 |
|
|
|
|
|
|
Profit before Financial Cost & Income
Tax |
51,350,914 |
81,144,172 |
83,938,955 |
|
Financial Cost |
[2,303,857] |
[4,430,655] |
[2,252,345] |
|
Profit before Income Tax |
49,047,057 |
76,713,517 |
81,686,610 |
|
Income Tax |
[9,981,337] |
[19,565,406] |
[7,951,306] |
|
|
|
|
|
|
Net Profit / [Loss] |
39,065,720 |
57,148,111 |
73,735,304 |
FINANCIAL ANALYSIS
|
ITEM |
UNIT |
2012 |
2011 |
2010 |
|
|
|
|
|
|
|
LIQUIDITY RATIO |
|
|
|
|
|
CURRENT RATIO |
TIMES |
2.03 |
1.31 |
1.17 |
|
QUICK RATIO |
TIMES |
1.00 |
0.88 |
0.79 |
|
|
|
|
|
|
|
ACTIVITY RATIO |
|
|
|
|
|
FIXED ASSETS TURNOVER |
TIMES |
3.50 |
3.94 |
4.63 |
|
TOTAL ASSETS TURNOVER |
TIMES |
1.40 |
1.28 |
1.34 |
|
INVENTORY CONVERSION PERIOD |
DAYS |
98.37 |
76.70 |
79.67 |
|
INVENTORY TURNOVER |
TIMES |
3.71 |
4.76 |
4.58 |
|
RECEIVABLES CONVERSION PERIOD |
DAYS |
36.49 |
58.28 |
45.00 |
|
RECEIVABLES TURNOVER |
TIMES |
10.00 |
6.26 |
8.11 |
|
PAYABLES CONVERSION PERIOD |
DAYS |
50.26 |
41.90 |
47.52 |
|
CASH CONVERSION CYCLE |
DAYS |
84.59 |
93.07 |
77.14 |
|
|
|
|
|
|
|
PROFITABILITY
RATIO |
|
|
|
|
|
COST OF GOODS SOLD |
% |
69.19 |
71.36 |
70.29 |
|
SELLING & ADMINISTRATION |
% |
21.92 |
17.53 |
15.75 |
|
INTEREST |
% |
0.37 |
0.70 |
0.36 |
|
GROSS PROFIT MARGIN |
% |
31.07 |
30.33 |
30.11 |
|
NET PROFIT MARGIN BEFORE EX. ITEM |
% |
8.30 |
12.80 |
13.57 |
|
NET PROFIT MARGIN |
% |
6.31 |
9.01 |
11.92 |
|
RETURN ON EQUITY |
% |
12.75 |
28.15 |
50.07 |
|
RETURN ON ASSET |
% |
8.84 |
11.56 |
15.96 |
|
EARNING PER SHARE |
BAHT |
23.77 |
57.15 |
73.74 |
|
|
|
|
|
|
|
LEVERAGE RATIO |
|
|
|
|
|
DEBT RATIO |
TIMES |
0.31 |
0.59 |
0.68 |
|
DEBT TO EQUITY RATIO |
TIMES |
0.44 |
1.44 |
2.14 |
|
TIME INTEREST EARNED |
TIMES |
22.29 |
18.31 |
37.27 |
|
|
|
|
|
|
|
ANNUAL GROWTH |
|
|
|
|
|
SALES GROWTH |
% |
(2.39) |
2.52 |
|
|
OPERATING PROFIT |
% |
(36.72) |
(3.33) |
|
|
NET PROFIT |
% |
(31.64) |
(22.50) |
|
|
FIXED ASSETS |
% |
9.84 |
20.45 |
|
|
TOTAL ASSETS |
% |
(10.60) |
7.06 |
|
ANNUAL GROWTH :
RISKY
An annual sales growth is -2.39%. Turnover has decreased from THB 634,085,017.00
in 2011 to THB 618,959,606.00 in 2012. While net profit has decreased from THB
57,148,111.00 in 2011 to THB 39,065,720.00 in 2012. And total assets has
decreased from THB 494,568,353.00 in 2011 to THB 442,155,764.00 in 2012.
PROFITABILITY :
EXCELLENT
PROFITABILITY
RATIO
|
Gross Profit Margin |
31.07 |
Impressive |
Industrial
Average |
24.46 |
|
Net Profit Margin |
6.31 |
Impressive |
Industrial
Average |
4.49 |
|
Return on Assets |
8.84 |
Impressive |
Industrial
Average |
4.96 |
|
Return on Equity |
12.75 |
Impressive |
Industrial
Average |
7.27 |
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 31.07%. 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 6.31%, 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
8.84%, 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 12.75%, 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 |
2.03 |
Impressive |
Industrial
Average |
1.66 |
|
Quick Ratio |
1.00 |
|
|
|
|
Cash Conversion Cycle |
84.59 |
|
|
|
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 2.03 times in 2012, increased from 1.31 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 time in 2012, increased from 0.88 times, by
excluding inventory, the company may have problems meeting current liabilities.
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 85 days.
Trend of the
average competitors in the same industry for last 5 years
Current Ratio Uptrend
LEVERAGE :
EXCELLENT
LEVERAGE RATIO
|
Debt Ratio |
0.31 |
Impressive |
Industrial
Average |
0.31 |
|
Debt to Equity Ratio |
0.44 |
Impressive |
Industrial
Average |
0.46 |
|
Times Interest Earned |
22.29 |
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 22.29 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 0.31 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 Stable
ACTIVITY :
IMPRESSIVE
ACTIVITY RATIO
|
Fixed Assets Turnover |
3.50 |
Impressive |
Industrial
Average |
- |
|
Total Assets Turnover |
1.40 |
Impressive |
Industrial
Average |
1.10 |
|
Inventory Conversion Period |
98.37 |
|
|
|
|
Inventory Turnover |
3.71 |
Acceptable |
Industrial
Average |
5.92 |
|
Receivables Conversion Period |
36.49 |
|
|
|
|
Receivables Turnover |
10.00 |
Impressive |
Industrial
Average |
3.46 |
|
Payables Conversion Period |
50.26 |
|
|
|
The company's Account Receivable Ratio is calculated as 10.00 and 6.26 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
increased from 2011. 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 77 days at the
end of 2011 to 98 days at the end of 2012. This represents a negative trend.
And Inventory turnover has decreased from 4.76 times in year 2011 to 3.71 times
in year 2012.
The company's Total Asset Turnover is calculated as 1.4 times and 1.28 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 Stable
Total Assets Turnover Uptrend
Inventory Turnover Uptrend
Receivables Turnover Uptrend
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.61.78 |
|
|
1 |
Rs.98.65 |
|
Euro |
1 |
Rs.83.41 |
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.