MIRA INFORM REPORT
|
Report Date : |
21.09.2013 |
IDENTIFICATION DETAILS
|
Name : |
AGRO-BIOMATE CO.,
LTD. |
|
|
|
|
Registered Office : |
87-88
Soi Boromratchonnee 39, Boromratchonnee Road,
Talingchan, Bangkok 10170 |
|
|
|
|
Country : |
Thailand |
|
|
|
|
Financials (as on) : |
31.12.2012 |
|
|
|
|
Date of Incorporation : |
10.06.2002 |
|
|
|
|
Com. Reg. No.: |
0105545059422 |
|
|
|
|
Legal Form : |
Private
Limited Company |
|
|
|
|
Line of Business : |
Manufacturer and
distributor of bio-chemicals
products. |
|
|
|
|
No. of Employees : |
90 |
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 – 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 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
AGRO-BIOMATE
CO., LTD.
SUMMARY
BUSINESS
ADDRESS : 87-88
SOI BOROMRATCHONNEE 39,
BOROMRATCHONNEE ROAD,
TALINGCHAN,
BANGKOK 10170,
THAILAND
TELEPHONE : [66] 2434-3671-3,
2880-8057-8
FAX :
[66] 2434-3674
E-MAIL
ADDRESS : agrobiomate.th@gmail.com
REGISTRATION
ADDRESS : SAME
AS BUSINESS ADDRESS
ESTABLISHED
: 2002
REGISTRATION
NO. : 0105545059422 [Former : 10754501000]
TAX
ID NO. : 3030605160
CAPITAL REGISTERED : BHT. 10,000,000
CAPITAL PAID-UP : BHT.
10,000,000
SHAREHOLDER’S PROPORTION : THAI : 100%
FISCAL YEAR CLOSING DATE : DECEMBER 31
LEGAL
STATUS : PRIVATE LIMITED
COMPANY
EXECUTIVE : MR. VINIJ MEK-AREEYA, THAI
MANAGING DIRECTOR
NO.
OF STAFF : 90
LINES
OF BUSINESS : BIO-CHEMICALS PRODUCTS
MANUFACTURER AND
DISTRIBUTOR
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 June 10,
2002 as a
private limited company under
the name style
AGRO-BIOMATE CO., LTD., by
Thai groups, in
order to manufacture
bio-chemical products for
agricultural industry. It currently
employs approximately 90
staff.
The
subject’s registered address
was initially located
at 667/15 Ataboon
Building, Charansanitwong Rd.,
Arun-Amarin, Bangkoknoi, Bangkok
10700.
On
February 1, 2007,
its registered address
was relocated to
87-88 Moo 6,
Soi Pinnakorn 4,
Boromratchonnee Rd., Talingchan,
Bangkok 10170.
On
December 7, 2012,
its registered address
has been changed
to 87-88 Soi
Boromratchonnee 39,
Boromratchonnee Rd., Talingchan,
Bangkok 10170, by the
Talingchan District Office,
and this is
the subject’s current
operation address.
THE BOARD OF
DIRECTORS
|
Name |
|
Nationality |
Age |
|
|
|
|
|
|
Mr. Vinij Mek-areeya |
|
Thai |
54 |
|
Mrs. Danupa Mek-areeya |
|
Thai |
51 |
AUTHORIZED PERSON
One of the
above directors can
sign on behalf
of the subject
with company’s affixed.
MANAGEMENT
Mr. Vinij Mek-areeya is
the Managing Director.
He is Thai
nationality with the
age of 54
years old.
Mrs. Danupa Mek-areeya is
the Deputy Managing
Director.
She is Thai
nationality with the
age of 51
years old.
BUSINESS OPERATIONS
The subject is
engaged in manufacturing
and distributing various
kinds of bio-chemical
for agricultural industry.
Its products and
brands are as
follows:
Products Brands
Bio-fungicide “BS”, “BT”,
“METAR”, “PAECILONE”, “TRICHO”
Bio-fertilizer “BIG GREEN”
Fertilizer “BOROT PLUS”,
“MAGNUM”, “MAGZI”, “MAGNUS”
Agro-chemicals
- Pesticide “KHUNCHANG”
- Insecticide “KHUNPAEN”
- Herbicide “AGRO-HO”
PRODUCTION CAPACITY
10 tons per
month
PURCHASE
Raw materials are
purchased from suppliers
both domestic and
overseas, mainly in
Germany, India, Israel,
Republic of China
and Malaysia.
SALES
100% of the
products is sold
locally to wholesalers
and end-users.
RELATED AND AFFILIATED
COMPANIES
Parwel International Co.,
Ltd.
Business Type :
Importer and distributor
of industrial chemicals
Asia Premium Supply
Co., Ltd.
Business Type :
Importer and distributor
of agriculture products
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
Bangkok Bank Public
Co., Ltd.
[Head Office :
333 Silom Rd.,
Silom, Bangrak, Bangkok]
EMPLOYMENT
The
subject employs approximately
90 staff.
LOCATION DETAILS
The
premise is owned
for administrative office
at the heading
address. Premise is
located in residential
area.
Factory
and Warehouse :
Factory I : 9 Moo
3, T. Mahasawat, A. Budhamonthon, Nakornpathom
73170.
Factory II : 48/3
Moo 1, Budhamonthon Rd., T. Salaya, A. Budhamonthon,
Nakornpathom 73170.
COMMENT
The
subject is engaged
in manufacturing and supplying
agrochemical products which
are related to
agricultural industry. Its long
term appreciation is
potential due to growing of
agricultural industry for
food sector.
Even though
the subject had
slow sales in
the previous year,
its business outlook
remains promising from
domestic consumption.
FINANCIAL INFORMATION
The
capital was initially
registered at Bht.
1,000,000 divided into
10,000 shares of
Bht. 100 each.
The
capital was increased
later as follows:
Bht. 5,000,000
on June 9,
2004
Bht. 10,000,000
on February 3,
2012
The
latest registered capital
was increased to
Bht. 10,000,000 divided into
100,000 shares of
Bht. 100 each
with fully paid.
THE SHAREHOLDERS LISTED
WERE
[as
at April 30,
2013]
|
NAME |
HOLDING |
% |
|
|
|
|
|
Mr. Vinij Mek-areeya Nationality: Thai Address : 671/103
Charansanitwong Rd.,
Arun-Amarin, Bangkoknoi, Bangkok |
64,998 |
64.99 |
|
Mrs. Somsong Mek-ariya Nationality: Thai Address : 43/10
Moo 3, Chimplee,
Talingchan, Bangkok |
24,998 |
25.00 |
|
Mrs. Danupa Mek-areeya Nationality: Thai Address : 671/103
Charansanitwong Rd.,
Arun-Amarin, Bangkoknoi, Bangkok |
10,000 |
10.00 |
|
Mr. Pawuth Anutchalakom Nationality: Thai Address : 86/7
Premjairaj Rd., Saensuk,
Muang, Chonburi |
1 |
|
|
Ms. Nartwadee Anutchalakom Nationality: Thai Address : 86/7
Premjairaj Rd., Saensuk,
Muang, Chonburi |
1 |
= 0.01 |
|
Ms. Parichart Sukhanthang Nationality: Thai Address : 1/116
Ladprao Rd., Ladprao,
Bangkok |
1 |
|
|
Mrs. Ajcharaporn Kengsakul Nationality: Thai Address : 1/116
Ladprao Rd., Ladprao,
Bangkok |
1 |
|
Total Shareholders : 7
Share Structure [as
at April 30,
2013]
|
Nationality |
Shareholders |
No. of Share |
% Shares |
|
|
|
|
|
|
Thai |
7 |
100,000 |
100.00 |
|
Foreign |
- |
- |
- |
|
Total |
7 |
100,000 |
100.00 |
NAME OF AUDITOR
& CERTIFIED PUBLIC
ACCOUNTANT NO
Mr. Adirek Supakajornvanich No.5506
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 |
52,849.66 |
108,725.25 |
59,295.05 |
|
Trade Accounts & Other Receivable
|
11,330,375.93 |
8,236,737.63 |
9,228,510.00 |
|
Inventories |
13,531,539.90 |
14,514,571.06 |
15,816,994.47 |
|
Deposit for Goods |
615,550.00 |
838,770.57 |
303,350.79 |
|
Other Current Assets
|
159,182.27 |
78,036.16 |
158,174.76 |
|
|
|
|
|
|
Total Current Assets
|
25,689,497.76 |
23,776,840.67 |
25,566,325.07 |
|
|
|
|
|
|
Fixed Assets |
4,429,557.16 |
4,666,404.46 |
2,994,603.14 |
|
Other Non-current Assets |
16,563.00 |
170,425.00 |
13,563.00 |
|
Total Assets |
30,135,617.92 |
28,613,670.13 |
28,574,491.21 |
LIABILITIES & SHAREHOLDERS’ EQUITY [BAHT]
|
Current
Liabilities |
2012 |
2011 |
2010 |
|
|
|
|
|
|
Bank Overdraft & Short-term Loan from Financial Institutions |
11,502,455.93 |
9,145,200.76 |
7,977,647.00 |
|
Trade Accounts & Other Payable |
6,975,886.13 |
12,884,720.89 |
13,776,073.43 |
|
Accrued Income Tax |
22,851.73 |
9,151.67 |
15,101.15 |
|
Current Portion of Lease
Contract Liabilities |
114,126.84 |
130,811.54 |
130,811.54 |
|
Pre-received Income |
- |
- |
18,320.00 |
|
Accrued Interest |
- |
- |
169,908.91 |
|
Other Current Liabilities |
77,166.99 |
76,103.76 |
259,244.44 |
|
|
|
|
|
|
Total Current Liabilities |
18,692,487.62 |
22,245,988.62 |
22,347,106.47 |
|
Lease Contract
Liabilities, Net |
- |
114,551.90 |
239,821.17 |
|
Employee Benefits Obligation |
759,628.31 |
648,156.04 |
- |
|
Total Liabilities |
19,452,115.93 |
23,008,696.56 |
22,586,927.64 |
|
|
|
|
|
|
Shareholders' Equity |
|
|
|
|
|
|
|
|
|
Share capital : Baht 100
par value authorized, issued
and fully paid share capital
100,000 shares in 2012; 50,000
shares in 2011 & 2010 |
10,000,000.00 |
5,000,000.00 |
5,000,000.00 |
|
|
|
|
|
|
Capital Paid |
10,000,000.00 |
5,000,000.00 |
5,000,000.00 |
|
Retained Earnings Unappropriated
|
683,501.99 |
604,973.57 |
987,563.57 |
|
Total Shareholders' Equity |
10,683,501.99 |
5,604,973.57 |
5,987,563.57 |
|
Total Liabilities &
Shareholders' Equity |
30,135,617.92 |
28,613,670.13 |
28,574,491.21 |
PROFIT & LOSS
ACCOUNT
|
Revenue |
2012 |
2011 |
2010 |
|
|
|
|
|
|
Sales Income |
59,261,351.50 |
70,891,974.75 |
72,042,801.75 |
|
Other Income |
1,737.02 |
144,901.21 |
1,812,320.16 |
|
Total Revenues |
59,263,088.52 |
71,036,875.96 |
73,855,121.91 |
|
Expenses |
|
|
|
|
|
|
|
|
|
Cost of Goods
Sold |
43,427,166.81 |
55,241,555.98 |
57,279,564.47 |
|
Selling Expenses |
10,878,056.28 |
11,181,933.51 |
11,306,529.68 |
|
Selling and Administrative Expenses |
2,045,309.63 |
2,019,762.83 |
1,848,794.39 |
|
Other Expenses |
2,140,829.88 |
2,256,970.67 |
1,699,047.99 |
|
Total Expenses |
58,491,362.60 |
70,700,222.99 |
72,133,936.53 |
|
|
|
|
|
|
Profit/[Loss] before Financial
Cost & Income Tax |
771,725.92 |
336,652.97 |
1,721,185.38 |
|
Financial Cost |
[635,845.77] |
[698,841.30] |
[1,420,512.57] |
|
|
|
|
|
|
Profit/[Loss] before Income Tax |
135,880.15 |
[362,188.33] |
300,672.81 |
|
Income Tax |
[57,351.73] |
[20,401.67] |
[22,601.15] |
|
|
|
|
|
|
Net Profit / [Loss] |
78,528.42 |
[382,590.00] |
278,071.66 |
FINANCIAL ANALYSIS
|
ITEM |
UNIT |
2012 |
2011 |
2010 |
|
|
|
|
|
|
|
LIQUIDITY RATIO |
|
|
|
|
|
CURRENT RATIO |
TIMES |
1.37 |
1.07 |
1.14 |
|
QUICK RATIO |
TIMES |
0.64 |
0.41 |
0.43 |
|
|
|
|
|
|
|
ACTIVITY RATIO |
|
|
|
|
|
FIXED ASSETS TURNOVER |
TIMES |
13.38 |
15.19 |
24.06 |
|
TOTAL ASSETS TURNOVER |
TIMES |
1.97 |
2.48 |
2.52 |
|
INVENTORY CONVERSION PERIOD |
DAYS |
113.73 |
95.90 |
100.79 |
|
INVENTORY TURNOVER |
TIMES |
3.21 |
3.81 |
3.62 |
|
RECEIVABLES CONVERSION PERIOD |
DAYS |
69.79 |
42.41 |
46.76 |
|
RECEIVABLES TURNOVER |
TIMES |
5.23 |
8.61 |
7.81 |
|
PAYABLES CONVERSION PERIOD |
DAYS |
58.63 |
85.13 |
87.78 |
|
CASH CONVERSION CYCLE |
DAYS |
124.89 |
53.18 |
59.76 |
|
|
|
|
|
|
|
PROFITABILITY
RATIO |
|
|
|
|
|
COST OF GOODS SOLD |
% |
73.28 |
77.92 |
79.51 |
|
SELLING & ADMINISTRATION |
% |
21.81 |
18.62 |
18.26 |
|
INTEREST |
% |
1.07 |
0.99 |
1.97 |
|
GROSS PROFIT MARGIN |
% |
26.72 |
22.28 |
23.01 |
|
NET PROFIT MARGIN BEFORE EX. ITEM |
% |
1.30 |
0.47 |
2.39 |
|
NET PROFIT MARGIN |
% |
0.13 |
(0.54) |
0.39 |
|
RETURN ON EQUITY |
% |
0.74 |
(6.83) |
4.64 |
|
RETURN ON ASSET |
% |
0.26 |
(1.34) |
0.97 |
|
EARNING PER SHARE |
BAHT |
0.79 |
(7.65) |
5.56 |
|
|
|
|
|
|
|
LEVERAGE RATIO |
|
|
|
|
|
DEBT RATIO |
TIMES |
0.65 |
0.80 |
0.79 |
|
DEBT TO EQUITY RATIO |
TIMES |
1.82 |
4.11 |
3.77 |
|
TIME INTEREST EARNED |
TIMES |
1.21 |
0.48 |
1.21 |
|
|
|
|
|
|
|
ANNUAL GROWTH |
|
|
|
|
|
SALES GROWTH |
% |
(16.41) |
(1.60) |
|
|
OPERATING PROFIT |
% |
129.23 |
(80.44) |
|
|
NET PROFIT |
% |
120.53 |
(237.59) |
|
|
FIXED ASSETS |
% |
(5.08) |
55.83 |
|
|
TOTAL ASSETS |
% |
5.32 |
0.14 |
|
ANNUAL GROWTH :
SATISFACTORY
An annual sales growth is -16.41%. Turnover has decreased from THB
70,891,974.75 in 2011 to THB 59,261,351.50 in 2012. While net profit has
increased from THB -382,590.00 in 2011 to THB 78,528.42 in 2012. And total
assets has increased from THB 28,613,670.13 in 2011 to THB 30,135,617.92 in
2012.
PROFITABILITY :
RISKY
PROFITABILITY
RATIO
|
Gross Profit Margin |
26.72 |
Satisfactory |
Industrial
Average |
27.90 |
|
Net Profit Margin |
0.13 |
Deteriorated |
Industrial
Average |
2.46 |
|
Return on Assets |
0.26 |
Deteriorated |
Industrial
Average |
4.64 |
|
Return on Equity |
0.74 |
Deteriorated |
Industrial
Average |
9.65 |
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 26.72%. 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 0.13%.
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 0.26%.
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 0.74%.
Trend of the
average competitors in the same industry for last 5 years
Return on Assets Uptrend
Return on Equity Downtrend
LIQUIDITY :
ACCEPTABLE
LIQUIDITY RATIO
|
Current Ratio |
1.37 |
Impressive |
Industrial
Average |
1.37 |
|
Quick Ratio |
0.64 |
|
|
|
|
Cash Conversion Cycle |
124.89 |
|
|
|
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 1.37 times in 2012, increased from 1.07 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 0.64 times in 2012,
increased from 0.41 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 125 days.
Trend of the
average competitors in the same industry for last 5 years
Current Ratio Downtrend
LEVERAGE :
ACCEPTABLE
LEVERAGE RATIO
|
Debt Ratio |
0.65 |
Acceptable |
Industrial
Average |
0.50 |
|
Debt to Equity Ratio |
1.82 |
Risky |
Industrial
Average |
0.94 |
|
Times Interest Earned |
1.21 |
Impressive |
Industrial
Average |
1.20 |
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 1.22 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 0.65 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 Downtrend
Times Interest Earned Downtrend
ACTIVITY :
IMPRESSIVE
ACTIVITY RATIO
|
Fixed Assets Turnover |
13.38 |
Impressive |
Industrial
Average |
1.55 |
|
Total Assets Turnover |
1.97 |
Impressive |
Industrial
Average |
1.83 |
|
Inventory Conversion Period |
113.73 |
|
|
|
|
Inventory Turnover |
3.21 |
Deteriorated |
Industrial
Average |
8.85 |
|
Receivables Conversion Period |
69.79 |
|
|
|
|
Receivables Turnover |
5.23 |
Impressive |
Industrial
Average |
3.74 |
|
Payables Conversion Period |
58.63 |
|
|
|
The company's Account Receivable Ratio is calculated as 5.23 and 8.61 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 increased from 96 days at the
end of 2011 to 114 days at the end of 2012. This represents a negative trend.
And Inventory turnover has decreased from 3.81 times in year 2011 to 3.21 times
in year 2012.
The company's Total Asset Turnover is calculated as 1.97 times and 2.48
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.62.24 |
|
|
1 |
Rs.99.90 |
|
Euro |
1 |
Rs.84.23 |
INFORMATION DETAILS
|
Report
Prepared by : |
NIS |
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.