MIRA INFORM REPORT
|
Report Date : |
10.10.2013 |
IDENTIFICATION DETAILS
|
Name : |
NDT
INSTRUMENTS [THAILAND] CO.,
LTD. |
|
|
|
|
Registered Office : |
44/156 Soi Nimitmai 6/2, Nimitmai Road, Minburi, Bangkok 10510 |
|
|
|
|
Country : |
Thailand |
|
|
|
|
Financials (as on) : |
31.12.2012 |
|
|
|
|
Date of Incorporation : |
29.01.2007 |
|
|
|
|
Com. Reg. No.: |
0105550010746 |
|
|
|
|
Legal Form : |
Private Limited Company |
|
|
|
|
Line of Business : |
importer
and distributor of wide
range of non-destructive testing,
quality assurance instruments
and other related
accessories, as well
as providing after-sales
maintenance and repair
calibration services. |
|
|
|
|
No. of Employees : |
15 |
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
NDT INSTRUMENTS [THAILAND]
CO., LTD.
SUMMARY
BUSINESS
ADDRESS : 44/156 SOI
NIMITMAI 6/2, NIMITMAI
ROAD,
MINBURI, BANGKOK
10510
TELEPHONE : [66] 2181-0208,
2181-0314
FAX :
[66] 2914-6267
E-MAIL
ADDRESS : sales_th@ndt-instruments.com
REGISTRATION
ADDRESS : SAME
AS BUSINESS ADDRESS
ESTABLISHED
: 2007
REGISTRATION NO. : 0105550010746
TAX
ID NO. : 3032512718
CAPITAL REGISTERED : BHT. 3,000,000
CAPITAL PAID-UP : BHT.
3,000,000
SHAREHOLDER’S PROPORTION : THAI : 61.00%
SINGAPOREAN : 39.00%
FISCAL YEAR CLOSING DATE : DECEMBER 31
LEGAL STATUS : PRIVATE LIMITED COMPANY
EXECUTIVE : MR. UTHAI RATTANAMONGKOLKUL, THAI
MANAGING DIRECTOR
NO.
OF STAFF : 15
LINES
OF BUSINESS : NON-DESTRUCTIVE TESTING,
QA INSTRUMENTS
AND OTHER
RELATED ACCESSORIES
IMPORTER, DISTRIBUTOR
AND SERVICE
PROVIDER
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 January 29, 2007
as a private
limited company under
the registered name NDT INSTRUMENTS [THAILAND] CO., LTD., by
Thai and Singaporean groups,
with the business
objective to supply
products and service
of non-destructive testing
and quality assurance
instruments and other
related products to
domestic market. It
currently employs 15
staff.
The subject’s registered
address was initially located at
169/156 Moo 2,
Minburi, Bangkok 10510.
On
October 15, 2007,
its registered address
has been changed
to 44/156 Soi
Nimitmai 6/2, Nimitmai
Road, Minburi, Bangkok 10510,
by the Minburi
District Office of
Bangkok Metropolitan Administration. Actually
both are the
same location, and
this is also
the subject’s current
operation address.
THE BOARD OF
DIRECTOR
|
Name |
|
Nationality |
Age |
|
|
|
|
|
|
Mr. Uthai Rattanamongkolkul |
[x] |
Thai |
40 |
|
Ms. Chanjira Panich |
|
Thai |
38 |
AUTHORIZED PERSON
Only the mentioned
director [x] can
sign on behalf
of the subject
with company’s affixed.
MANAGEMENT
Mr. Uthai Rattanamongkolkul is
the Managing Director.
He is Thai
nationality with the
age of 40
years old.
BUSINESS OPERATIONS
The subject
is engaged in
importing and distributing
wide range of
non-destructive testing, quality
assurance instruments and
other related accessories,
as well as
providing after-sales maintenance
and repair calibration
services. The products
and services are
as follows:
·
Eddy Current
Testing [ET]
·
Magnetic Particle
Testing [MT]
·
Penetrant Testing
[PT]
·
Radiography Testing
[RT]
·
Ultrasonic Testing
[UT]
·
Radiation Measurement
Products [RMP]
·
Remote Visual
Inspection [RVI]
·
Predictive Maintenance
Testing [PDM]
·
Advance Testing
·
Services [Onsite
Maintenance], after sale service of
repair and maintenance
for Eddy Current
and X-ray machines
MAJOR BRAND
“KARL DEUTSCH”,
“SDS”, “ART”, “MET”,
“VALLEN SYSTEM”, “FOERSTER”,
“CHEMETALL”, “YXLON”, “FIXTURLASER” and etc.
IMPORT
100% of the
products is imported
from U.S.A., Singapore,
Germany, U.K., and
Sweden.
MAJOR
SUPPLIER
Radiation
Solution Inc. :
U.S.A.
Karl
Deutsch GmbH. : Germany
Andre
Coatings GmbH. :
Germany
Elas
Fixturlaser AB. : Sweden
SALES
100% of the
products is sold
locally to wholesalers
and end-users, mainly
as hospital both
private and government
sectors.
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
L/C at sight
or T/T.
BANKING
The
banker’s name was
not disclosed.
EMPLOYMENT
The
subject currently employs
15 staff.
LOCATION
DETAILS
The
premise is owned for
administrative office at
the heading address.
Premise is located
in commercial/ residential area.
COMMENT
The
subject is a
leading supplier in sales
and after-sales servicing
of non-destructive testing
and quality assurance
instruments and related
accessories to various
industries. Generally, its
business is growing subsequently in line
with the development
and improvement of
many industries.
FINANCIAL INFORMATION
The
capital was registered
at Bht. 3,000,000
divided into 30,000 shares
of Bht. 100
each with fully
paid.
THE SHAREHOLDERS LISTED
WERE : [as
at March 7,
2013]
|
NAME |
HOLDING |
% |
|
|
|
|
|
Mr. Uthai Rattanamongkolkul Nationality: Thai Address : 79
Namuang Road, T. Namuang, A.
Muang, Chachoengsao |
13,800 |
46.00 |
|
NDT Instruments Pte.
Ltd. Nationality: Singaporean Address : 23 New
Industrial Road, #01-02 Century
Industrial Building,
Singapore 536209 |
11,700 |
39.00 |
|
Mr. Somboon Rattanamongkolkul Nationality: Thai Address : 43
Moo 12, T. Klongpreng, A. Muang,
Chachoengsao |
900 |
3.00 |
|
Mrs. Patchara Rattanamongkolkul Nationality: Thai Address : 43
Moo 12, T. Klongpreng, A. Muang,
Chachoengsao |
900 |
3.00 |
|
Mrs. Jaruwan Rattanamongkolkul Nationality: Thai Address : 79
Namuang Road, T. Namuang, A.
Muang, Chachoengsao |
900 |
3.00 |
|
Ms. Samruay Rattanamongkolgul Nationality: Thai Address : 95
Moo 1, T. Klongpreng, A. Muang,
Chachoengsao |
900 |
3.00 |
|
Ms. Nareerat Rattanamongkolkul Nationality: Thai Address : 95
Moo 1, T. Klongpreng, A. Muang,
Chachoengsao |
900 |
3.00 |
Total Shareholders : 7
Share Structure [as
at March 7,
2013]
|
Nationality |
Shareholders |
No. of Share |
% Shares |
|
|
|
|
|
|
Thai |
6 |
18,300 |
61.00 |
|
Foreign-Singaporean |
1 |
11,700 |
39.00 |
|
Total |
7 |
30,000 |
100.00 |
NAME OF AUDITOR
& CERTIFIED PUBLIC
ACCOUNTANT NO. :
Ms. Sukanya Sutheeprasert No.
5063
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 |
6,563,927.69 |
4,167,414.15 |
4,904,692.64 |
|
Short-term Investment |
779,049.37 |
765,000.00 |
- |
|
Trade Accounts & Other Receivable |
6,442,779.23 |
7,979,722.15 |
11,352,785.80 |
|
Short-term Loan to Related Person |
- |
- |
2,262,295.08 |
|
Inventories |
19,231,363.21 |
6,646,444.66 |
10,855,954.38 |
|
Short-term Loan Retention |
184,655.75 |
350,172.75 |
153,078.00 |
|
Other Current Assets
|
840,854.75 |
907,975.79 |
581,431.05 |
|
|
|
|
|
|
Total Current Assets
|
34,042,630.00 |
20,816,729.50 |
30,110,236.95 |
|
|
|
|
|
|
Fixed Assets |
1,014,255.72 |
937,828.21 |
634,904.66 |
|
Long-term Retention |
- |
- |
62,500.00 |
|
Other Non-current Assets |
297,021.35 |
146,067.73 |
111,006.16 |
|
Total Assets |
35,353,907.07 |
21,900,625.44 |
30,918,647.77 |
LIABILITIES & SHAREHOLDERS’
EQUITY [BAHT]
|
Current Liabilities |
2012 |
2011 |
2010 |
|
|
|
|
|
|
Short-term Loan from Financial Institutions |
- |
- |
525,319.13 |
|
Trade Accounts Payable
|
13,470,284.06 |
5,721,963.66 |
8,415,468.32 |
|
Short-term Loan from
Related Person |
528,366.07 |
753,366.07 |
1,710,661.15 |
|
Current Portion of
Hire-purchase Payable |
39,694.68 |
39,694.68 |
- |
|
Advance Receipt from Customer |
5,504,129.45 |
883,177.57 |
6,255,000.00 |
|
Accrued Income Tax |
328,447.49 |
- |
1,229,488.92 |
|
Accrued Expenses |
239,813.91 |
562,660.22 |
895,943.73 |
|
Other Current Liabilities |
225,602.26 |
385,068.86 |
377,131.41 |
|
|
|
|
|
|
Total Current Liabilities |
20,336,337.92 |
8,345,931.06 |
19,409,012.66 |
|
Estimated Liabilities for Employees Benefit |
238,159.81 |
174,986.33 |
- |
|
Hire-purchase Payable, Net |
6,615.78 |
46,310.46 |
- |
|
Total Liabilities |
20,581,113.51 |
8,567,227.85 |
19,409,012.66 |
|
|
|
|
|
|
Shareholders' Equity |
|
|
|
|
|
|
|
|
|
Share capital : Baht 100
par value authorized, issued
and fully paid share
capital 30,000 shares |
3,000,000.00 |
3,000,000.00 |
3,000,000.00 |
|
|
|
|
|
|
Capital Paid |
3,000,000.00 |
3,000,000.00 |
3,000,000.00 |
|
Retained Earning Unappropriated [Deficit] |
11,772,793.56 |
10,333,397.59 |
8,509,635.11 |
|
Total Shareholders' Equity |
14,772,793.56 |
13,333,397.59 |
11,509,635.11 |
|
Total Liabilities & Shareholders' Equity |
35,353,907.07 |
21,900,625.44 |
30,918,647.77 |
PROFIT & LOSS
ACCOUNT
|
Revenue |
2012 |
2011 |
2010 |
|
|
|
|
|
|
Sales Income |
45,377,909.57 |
43,392,741.93 |
40,854,671.35 |
|
Service Income |
3,498,671.33 |
2,500,927.88 |
4,170,885.74 |
|
Commission Income |
2,565,719.30 |
1,981,387.95 |
2,781,544.24 |
|
Other Income |
803,906.36 |
819,742.45 |
585,668.87 |
|
Total Revenues |
52,246,206.56 |
48,694,800.21 |
48,392,770.20 |
|
Expenses |
|
|
|
|
|
|
|
|
|
Cost of Goods
Sold & Service |
39,431,487.92 |
35,904,893.56 |
34,610,269.64 |
|
Selling Expenses |
5,421,001.54 |
5,496,098.73 |
4,406,216.65 |
|
Administrative Expenses |
5,170,065.23 |
4,654,095.45 |
3,981,922.67 |
|
Other Expenses |
- |
103,127.87 |
315,179.20 |
|
Total Expenses |
50,022,554.69 |
46,158,215.61 |
43,313,588.16 |
|
|
|
|
|
|
Profit / [Loss] before Financial Cost & Income
Tax |
2,223,651.87 |
2,536,584.60 |
5,079,182.04 |
|
Financial Costs |
[6,589.32] |
[37,938.07] |
[94,479.13] |
|
Income Tax |
[777,666.58] |
[674,884.05] |
[1,633,812.13[ |
|
|
|
|
|
|
Net Profit / [Loss] |
1,439,395.97 |
1,823,762.48 |
3,350,890.78 |
FINANCIAL ANALYSIS
|
ITEM |
UNIT |
2012 |
2011 |
2010 |
|
|
|
|
|
|
|
LIQUIDITY RATIO |
|
|
|
|
|
CURRENT RATIO |
TIMES |
1.67 |
2.49 |
1.55 |
|
QUICK RATIO |
TIMES |
0.68 |
1.55 |
0.95 |
|
|
|
|
|
|
|
ACTIVITY RATIO |
|
|
|
|
|
FIXED ASSETS TURNOVER |
TIMES |
48.19 |
48.94 |
70.92 |
|
TOTAL ASSETS TURNOVER |
TIMES |
1.38 |
2.10 |
1.46 |
|
INVENTORY CONVERSION PERIOD |
DAYS |
178.02 |
67.57 |
114.49 |
|
INVENTORY TURNOVER |
TIMES |
2.05 |
5.40 |
3.19 |
|
RECEIVABLES CONVERSION PERIOD |
DAYS |
48.11 |
63.46 |
92.03 |
|
RECEIVABLES TURNOVER |
TIMES |
7.59 |
5.75 |
3.97 |
|
PAYABLES CONVERSION PERIOD |
DAYS |
124.69 |
58.17 |
88.75 |
|
CASH CONVERSION CYCLE |
DAYS |
101.44 |
72.86 |
117.77 |
|
|
|
|
|
|
|
PROFITABILITY
RATIO |
|
|
|
|
|
COST OF GOODS SOLD |
% |
80.68 |
78.23 |
76.87 |
|
SELLING & ADMINISTRATION |
% |
21.67 |
22.12 |
18.63 |
|
INTEREST |
% |
0.01 |
0.08 |
0.21 |
|
GROSS PROFIT MARGIN |
% |
26.22 |
27.87 |
30.61 |
|
NET PROFIT MARGIN BEFORE EX. ITEM |
% |
4.55 |
5.53 |
11.28 |
|
NET PROFIT MARGIN |
% |
2.94 |
3.97 |
7.44 |
|
RETURN ON EQUITY |
% |
9.74 |
13.68 |
29.11 |
|
RETURN ON ASSET |
% |
4.07 |
8.33 |
10.84 |
|
EARNING PER SHARE |
BAHT |
47.98 |
60.79 |
111.70 |
|
|
|
|
|
|
|
LEVERAGE RATIO |
|
|
|
|
|
DEBT RATIO |
TIMES |
0.58 |
0.39 |
0.63 |
|
DEBT TO EQUITY RATIO |
TIMES |
1.39 |
0.64 |
1.69 |
|
TIME INTEREST EARNED |
TIMES |
337.46 |
66.86 |
53.76 |
|
|
|
|
|
|
|
ANNUAL GROWTH |
|
|
|
|
|
SALES GROWTH |
% |
6.50 |
1.93 |
|
|
OPERATING PROFIT |
% |
(12.34) |
(50.06) |
|
|
NET PROFIT |
% |
(21.08) |
(45.57) |
|
|
FIXED ASSETS |
% |
8.15 |
47.71 |
|
|
TOTAL ASSETS |
% |
61.43 |
(29.17) |
|
ANNUAL GROWTH :
SATISFACTORY
An annual sales growth is 6.5%.
Turnover has increased from THB 45,893,669.81 in 2011 to THB 48,876,580.90 in 2012.
While net profit has decreased from THB 1,823,762.48 in 2011 to THB
1,439,395.97 in 2012. And total assets has increased from THB 21,900,625.44 in
2011 to THB 35,353,907.07 in 2012.
PROFITABILITY :
IMPRESSIVE
PROFITABILITY
RATIO
|
Gross Profit Margin |
26.22 |
Acceptable |
Industrial Average |
42.74 |
|
Net Profit Margin |
2.94 |
Impressive |
Industrial Average |
1.65 |
|
Return on Assets |
4.07 |
Impressive |
Industrial Average |
3.20 |
|
Return on Equity |
9.74 |
Impressive |
Industrial Average |
8.90 |
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 26.22%. 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. Which the high ratio in 2.94%,
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 4.07%, 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 9.74%, 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 |
1.67 |
Impressive |
Industrial Average |
1.48 |
|
Quick Ratio |
0.68 |
|
|
|
|
Cash Conversion Cycle |
101.44 |
|
|
|
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 1.67 times in 2012, decrease from 2.49 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 0.68 times in 2012,
decrease from 1.55 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 102 days.
Trend of the
average competitors in the same industry for last 5 years
Current Ratio Downtrend
LEVERAGE :
IMPRESSIVE
LEVERAGE RATIO
|
Debt Ratio |
0.58 |
Impressive |
Industrial Average |
0.64 |
|
Debt to Equity Ratio |
1.39 |
Acceptable |
Industrial Average |
1.83 |
|
Times Interest Earned |
337.46 |
Impressive |
Industrial Average |
1.01 |
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 337.47 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 0.58 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 :
SATISFACTORY
ACTIVITY RATIO
|
Fixed Assets Turnover |
48.19 |
Impressive |
Industrial Average |
1.33 |
|
Total Assets Turnover |
1.38 |
Acceptable |
Industrial Average |
1.93 |
|
Inventory Conversion Period |
178.02 |
|
|
|
|
Inventory Turnover |
2.05 |
Deteriorated |
Industrial Average |
5.00 |
|
Receivables Conversion Period |
48.11 |
|
|
|
|
Receivables Turnover |
7.59 |
Impressive |
Industrial Average |
3.39 |
|
Payables Conversion Period |
124.69 |
|
|
|
The company's Account Receivable Ratio is calculated as 7.59 and 5.75 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 68 days at the
end of 2011 to 178 days at the end of 2012. This represents a negative trend.
And Inventory turnover has decreased from 5.4 times in year 2011 to 2.05 times
in year 2012.
The company's Total Asset Turnover is calculated as 1.38 times and 2.1
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.61.92 |
|
UK Pound |
1 |
Rs.99.45 |
|
Euro |
1 |
Rs.83.92 |
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.