MIRA INFORM REPORT
|
Report Date : |
01.04.2014 |
IDENTIFICATION DETAILS
|
Name : |
SOJITZ
[THAILAND] CO., LTD. |
|
|
|
|
Registered Office : |
19th Floor, Q-House Lumpini Building, 1 South Sathorn Road, Thungmahamek, Sathorn, Bangkok 10120, |
|
|
|
|
Country : |
Thailand |
|
|
|
|
Financials (as on) : |
31.03.2013 |
|
|
|
|
Date of Incorporation : |
08.10.1974 |
|
|
|
|
Com. Reg. No.: |
0105517011364 |
|
|
|
|
Legal Form : |
Private Limited Company |
|
|
|
|
Line of Business : |
Subject is engaged
in international trading
business, mainly an
importer and distributor
a variety of
products such as wood,
steel, machinery, automotive
parts, metals, construction materials |
|
|
|
|
No. of Employees : |
140 |
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 – September 30, 2013
|
Country Name |
Previous Rating (30.06.2013) |
Current Rating (30.09.2013) |
|
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. 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 recession severely cut Thailand's exports, with most sectors experiencing double-digit drops. In late 2011 Thailand's recovery was interrupted by historic flooding in the industrial areas in Bangkok and its five surrounding provinces, crippling the manufacturing sector. The government 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 following seven years
|
Source
: CIA |
Company
name
SOJITZ
[THAILAND] CO., LTD.
SUMMARY
BUSINESS
ADDRESS : 19th FLOOR,
Q-HOUSE LUMPINI BUILDING,
1
SOUTH SATHORN ROAD,
THUNGMAHAMEK,
SATHORN,
BANGKOK 10120, THAILAND
TELEPHONE : [66] 2227-9200
FAX : [66] 2227-9210,
2227-9260-2
E-MAIL
ADDRESS : nuchanart.t@sea.sojitz.com
REGISTRATION
ADDRESS : SAME
AS BUSINESS ADDRESS
ESTABLISHED
: 1974
REGISTRATION
NO. : 0105517011364 [Former : 1148/2517]
TAX
ID NO. : 3101021530
CAPITAL REGISTERED : BHT. 503,000,000
CAPITAL PAID-UP : BHT.
503,000,000
SHAREHOLDER’S PROPORTION : FOREIGN :
100%
FISCAL YEAR CLOSING DATE : MARCH
31 [Former :
DECEMBER 31]
LEGAL
STATUS : PRIVATE LIMITED
COMPANY
EXECUTIVE : MR. KAZUHIKO SAITO,
JAPANESE
PRESIDENT
NO.
OF STAFF : 140
LINES
OF BUSINESS : INTERNATIONAL TRADING
IMPORTER, DISTRIBUTOR
AND EXPORTER
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 October 8,
1974 as a
private limited company
under the originally
registered name “Thai
Tawan Co., Ltd.”
On September 23,
1984, subject’s name
was changed to “Nichimen [Thailand]
Co., Ltd.”, and
was finally changed
to SOJITZ [THAILAND]
CO., LTD., on
March 17, 2004.
The subject’s objective
is engaged in
international trading business.
It currently employs
approximately 140 staff.
Subject
is a wholly
owned subsidiary of
Sojitz Asia Pte.
Ltd., Singapore.
The
subject’s registered address
was at 3rd Flr., Thaniya
Building, 62 Silom Rd.,
Suriyawongse, Bangrak, Bangkok
10500.
On
February 1, 2007, the
subject’s registered address
was relocated to 19th Flr., Q-House Lumpini
Bldg., 1 South
Sathorn Rd., Thungmahamek, Sathorn,
Bangkok 10120, and
this is the
subject’s current operation
address.
THE
BOARD OF DIRECTORS
|
Name |
|
Nationality |
Age |
|
|
|
|
|
|
Mr. Kazuhiko Saito |
[x] |
Japanese |
57 |
|
Mr. Masaru Tanaka |
|
Japanese |
47 |
|
Mr. Akio Kimura |
[x] |
Japanese |
50 |
|
Mr. Hideki Toya |
[x] |
Japanese |
47 |
AUTHORIZED PERSON
Anyone of the
mentioned directors [x]
can sign on
behalf of the
subject with company’s
affixed.
MANAGEMENT
Mr. Kazuhiko Saito is the
President.
He is Japanese
nationality with the
age of 57
years old.
Mr. Akio Kimura is
the General Manager.
He is Japanese
nationality with the
age of 50
years old.
Mr. Permkiat Eakvanich is
the Sales Manager.
He is Thai
nationality.
BUSINESS OPERATIONS
The subject is
engaged in international
trading business, mainly an importer and
distributor a variety
of products such as
wood, steel, machinery,
automotive parts, metals,
construction materials, IT system
equipment, consumer goods,
household goods, as
well as exporting
of foods, canned
foods, textiles & garment, pharmaceuticals, industrial
chemicals, agriculture products
and consumer goods.
PURCHASE
The products are
purchased from local
suppliers.
IMPORT
The
products are also imported from
Japan, Taiwan, Republic of China, Malaysia, France, India
and Singapore.
MAJOR SUPPLIERS
Sojitz
Corporation : Japan
Sojitz
Asia Pte. Ltd. : Singapore
IRPC
Public Company Limited : Thailand
Mitsubishi
Chemical Corporation : Japan
SALES [LOCAL]
The products are
sold locally to
wholesalers and end-users.
EXPORT
The Thai products are exported to Japan, Dubai,
Singapore, Hong Kong, Taiwan,
Korea, Indonesia, Philippines,
Vietnam, India, Malaysia,
Pakistan, Myanmar, Germany,
Mexico, Australia, and
the countries in
Middle East region.
MAJOR CUSTOMERS
Sojitz Corporation : Japan
Thai Central Chemical
Public Company Limited : Thailand
A.J. Plast Public
Company Limited : 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 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 on the
credits term of
180 days &
T/T.
Exports are against
L/C at sight
or on the
credits term of
30-60 days &
T/T.
BANKING
Sumitomo Mitsui Banking
Corporation
[Bangkok Branch
: 138 Silom
Rd., Suriyawongse, Bangrak,
Bangkok]
Bank of Tokyo-Mitsubishi UFJ
Ltd.
[Bangkok Branch
: 54 North
Sathorn Rd., Silom,
Bangrak, Bangkok]
Bangkok Bank Public
Co., Ltd.
[Surawong Branch
: Surawong Rd.,
Suriyawongse, Bangrak, Bangkok]
EMPLOYMENT
The
subject employs approximately 140 staff.
LOCATION
DETAILS
The
premise is rented
for administrative office
at the heading
address. Premise is
located in a
prime commercial area.
COMMENT
The company’s business performed generally well and its financial results were solid. Newly
emerging economies maintained relatively robust growth supported by expanding
internal demand.
It also
succeeded in expanding the
business foundation through new upstream investments in the
industrial businesses. These
new areas will
provide a foundation for
its future growth. With
these tangible success, it
made significant strides
in enhancing the earnings foundation, which
was the great
achievements in 2012-2013.
FINANCIAL
INFORMATION
The
capital was registered
at Bht. 1,000,000
divided into 1,000
shares of Bht.
1,000 each.
The
capital was increased
later as following:
Bht. 10,000,000
on November 27,
1989
Bht. 20,000,000
on December 8,
1990
Bht. 300,000,000
on December 3,
1993
Bht. 500,000,000
on August 22,
2006
Bht. 503,000,000
on November 27,
2013
The
latest registered capital
was increased to Bht. 503,000,000 divided
into 503,000 shares of
Bht. 1,000 each
with fully paid.
THE
SHAREHOLDERS LISTED WERE
: [as at
November 27, 2013]
|
NAME |
HOLDING |
% |
|
|
|
|
|
Sojitz Asia Pte.
Ltd. Nationality: Singaporean Address : 77
Robinson Rd., Singapore |
502,994 |
100.00 |
|
Mr. Kazuhiko Saito Nationality: Japanese Address : Q. House
Lumpini Building, 1
South Sathorn Rd.,
Thungmahamek,
Sathorn, Bangkok |
3 |
- |
|
Mr. Hideki Toya Nationality: Japanese Address : Q. House
Lumpini Building, 1
South Sathorn Rd.,
Thungmahamek,
Sathorn, Bangkok |
3 |
- |
Total Shareholders : 3
Share Structure [as
at November 27,
2013]
|
Nationality |
Shareholders |
No. of Share |
% Shares |
|
|
|
|
|
|
Thai |
- |
- |
- |
|
Foreign |
3 |
503,000 |
100.00 |
|
Total |
3 |
503,000 |
100.00 |
NAME OF AUDITOR
& CERTIFIED PUBLIC
ACCOUNTANT NO. :
Mrs. Siriphen Sukcharoenying No.
3636
BALANCE
SHEET [BAHT]
The
latest financial figures
published for March
31, 2013, January
1, 2012- March 31,
2012 &
December 31, 2011
were:
ASSETS
|
Current Assets |
March 31,
2013 |
Jan. 1,
2012 – March 31,
2012 |
Dec. 31,
2011 |
|
|
|
|
|
|
Cash in Hand
& at Bank |
236,392,482 |
259,113,262 |
347,239,792 |
|
Trade Accounts Receivable - Related
Company |
124,969,054 |
108,362,553 |
119,282,347 |
|
- Other
Company |
2,507,617,144 |
2,620,851,343 |
1,927,010,378 |
|
Other Receivable |
113,502,459 |
86,842,998 |
88,323,922 |
|
Inventories |
427,683,646 |
431,000,625 |
366,682,252 |
|
|
|
|
|
|
Total Current Assets
|
3,410,164,785 |
3,506,170,781 |
2,848,538,691 |
|
Investment in Associated
Company |
4,900,000 |
4,900,000 |
4,900,000 |
|
Long-term Investment |
12,795,794 |
12,685,169 |
12,735,794 |
|
Equipment |
29,556,256 |
24,652,841 |
25,604,178 |
|
Software Copyright |
1,633,326 |
2,030,850 |
2,167,931 |
|
Other Assets |
7,640,276 |
7,145,200 |
6,944,199 |
|
Total Assets |
3,466,690,437 |
3,557,584,841 |
2,900,890,793 |
LIABILITIES &
SHAREHOLDERS' EQUITY [BAHT]
|
Current
Liabilities |
March 31,
2013 |
Jan. 1,
2012 – March 31,
2012 |
Dec. 31,
2011 |
|
|
|
|
|
|
Short-term Loan from Financial Institution |
827,500,000 |
897,500,000 |
847,500,000 |
|
Trade Accounts Payable - Related
Company |
142,000,559 |
164,617,143 |
145,724,726 |
|
- Other
Company |
1,603,049,288 |
1,738,434,210 |
1,120,681,367 |
|
Other Payable |
55,572,995 |
28,557,517 |
71,995,202 |
|
Current Portion of Finance
Lease Contract Liabilities |
1,028,403 |
766,593 |
821,167 |
|
Accrued Income Tax |
21,841,478 |
15,137,346 |
7,257,387 |
|
|
|
|
|
|
Total Current Liabilities |
2,650,992,723 |
2,845,012,809 |
2,193,979,849 |
|
Estimated Employee Pension
Benefits |
22,337,026 |
20,478,396 |
14,511,070 |
|
Finance Lease Contract Liabilities - Net |
710,591 |
811,113 |
995,641 |
|
Total Liabilities |
2,674,040,340 |
2,866,302,318 |
2,209,486,560 |
|
|
|
|
|
|
Shareholders' Equity |
|
|
|
|
|
|
|
|
|
Share capital : Baht 1,000
par value authorized, issued
and fully paid share
capital 500,000 shares |
500,000,000 |
500,000,000 |
500,000,000 |
|
|
|
|
|
|
Capital Paid |
500,000,000 |
500,000,000 |
500,000,000 |
|
Unrealized Gain from
Adjustment in Value of
Investment |
190,000 |
79,375 |
130,000 |
|
Retained Earning Appropriated for Statutory Reserve |
16,118,891 |
14,195,141 |
14,195,141 |
|
General Reserve |
3,000,000 |
3,000,000 |
3,000,000 |
|
Unappropriated |
273,341,206 |
174,008,007 |
174,079,092 |
|
Total Shareholders' Equity |
792,650,097 |
691,282,523 |
691,404,233 |
|
Total Liabilities &
Shareholders' Equity |
3,466,690,437 |
3,557,584,841 |
2,900,890,793 |
PROFIT &
LOSS ACCOUNT
|
Revenue |
March 31,
2013 |
Jan. 1,
2012 – March 31,
2012 |
Dec. 31,
2011 |
|
|
|
|
|
|
Sales |
14,473,682,700 |
3,620,210,154 |
14,205,407,136 |
|
Commission Income |
76,516,892 |
17,069,354 |
72,865,207 |
|
Dividend Income |
2,760,500 |
- |
2,443,500 |
|
Gain on Exchange
Rate |
15,295,378 |
913,440 |
8,407,803 |
|
Other Income |
132,233,138 |
7,297,696 |
62,553,528 |
|
Total Revenues |
14,700,488,608 |
3,645,490,644 |
14,351,677,174 |
|
Expenses |
|
|
|
|
|
|
|
|
|
Cost of Goods
Sold |
14,056,531,576 |
3,522,696,834 |
13,838,297,057 |
|
Selling Expenses |
279,546,879 |
53,463,964 |
223,234,625 |
|
Administrative Expenses |
163,712,807 |
52,681,886 |
193,514,495 |
|
Total Expenses |
14,499,791,262 |
3,628,842,684 |
14,255,046,177 |
|
|
|
|
|
|
Profit before Financial
Cost & Income
Tax |
200,697,346 |
16,647,960 |
96,630,997 |
|
Financial Cost |
[33,990,588] |
[8,819,417] |
[43,072,121] |
|
Profit before Income Tax |
166,706,758 |
7,828,543 |
53,558,876 |
|
Income Tax |
[26,974,809] |
[7,899,628] |
[15,695,884] |
|
|
|
|
|
|
Net Profit / [Loss] |
139,731,949 |
[71,085] |
37,862,992 |
FINANCIAL
ANALYSIS
|
ITEM |
UNIT |
2013 |
2012 |
2011 |
|
|
|
|
|
|
|
LIQUIDITY RATIO |
|
|
|
|
|
CURRENT RATIO |
TIMES |
1.29 |
1.23 |
1.30 |
|
QUICK RATIO |
TIMES |
1.13 |
1.08 |
1.13 |
|
|
|
|
|
|
|
ACTIVITY RATIO |
|
|
|
|
|
FIXED ASSETS TURNOVER |
TIMES |
489.70 |
146.85 |
554.81 |
|
TOTAL ASSETS TURNOVER |
TIMES |
4.18 |
1.02 |
4.90 |
|
INVENTORY CONVERSION PERIOD |
DAYS |
11.11 |
44.66 |
9.67 |
|
INVENTORY TURNOVER |
TIMES |
32.87 |
8.17 |
37.74 |
|
RECEIVABLES CONVERSION PERIOD |
DAYS |
63.24 |
264.24 |
49.51 |
|
RECEIVABLES TURNOVER |
TIMES |
5.77 |
1.38 |
7.37 |
|
PAYABLES CONVERSION PERIOD |
DAYS |
41.63 |
180.13 |
29.56 |
|
CASH CONVERSION CYCLE |
DAYS |
32.72 |
128.77 |
29.63 |
|
|
|
|
|
|
|
PROFITABILITY
RATIO |
|
|
|
|
|
COST OF GOODS SOLD |
% |
97.12 |
97.31 |
97.42 |
|
SELLING & ADMINISTRATION |
% |
3.06 |
2.93 |
2.93 |
|
INTEREST |
% |
0.23 |
0.24 |
0.30 |
|
GROSS PROFIT MARGIN |
% |
4.45 |
3.39 |
3.61 |
|
NET PROFIT MARGIN BEFORE EX. ITEM |
% |
1.39 |
0.46 |
0.68 |
|
NET PROFIT MARGIN |
% |
0.97 |
(0.00) |
0.27 |
|
RETURN ON EQUITY |
% |
17.63 |
(0.01) |
5.48 |
|
RETURN ON ASSET |
% |
4.03 |
(0.00) |
1.31 |
|
EARNING PER SHARE |
BAHT |
279.46 |
(0.14) |
75.73 |
|
|
|
|
|
|
|
LEVERAGE RATIO |
|
|
|
|
|
DEBT RATIO |
TIMES |
0.77 |
0.81 |
0.76 |
|
DEBT TO EQUITY RATIO |
TIMES |
3.37 |
4.15 |
3.20 |
|
TIME INTEREST EARNED |
TIMES |
5.90 |
1.89 |
2.24 |
|
|
|
|
|
|
|
ANNUAL GROWTH |
|
|
|
|
|
SALES GROWTH |
% |
299.80 |
(74.52) |
|
|
OPERATING PROFIT |
% |
1,105.54 |
(82.77) |
|
|
NET PROFIT |
% |
196,670.23 |
(100.19) |
|
|
FIXED ASSETS |
% |
19.89 |
(3.72) |
|
|
TOTAL ASSETS |
% |
(2.55) |
22.64 |
|
ANNUAL GROWTH :
IMPRESSIVE
An annual sales growth is 299.8%. Turnover has increased from THB
PROFITABILITY :
SATISFACTORY
PROFITABILITY
RATIO
|
Gross Profit Margin |
4.45 |
Impressive |
Industrial
Average |
2.51 |
|
Net Profit Margin |
0.97 |
Acceptable |
Industrial
Average |
1.36 |
|
Return on Assets |
4.03 |
Acceptable |
Industrial
Average |
6.71 |
|
Return on Equity |
17.63 |
Impressive |
Industrial
Average |
17.50 |
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 4.45%. 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 0.97%.
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 4.03%.
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 17.63%, 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 :
SATISFACTORY
LIQUIDITY RATIO
|
Current Ratio |
1.29 |
Satisfactory |
Industrial
Average |
1.63 |
|
Quick Ratio |
1.13 |
|
|
|
|
Cash Conversion Cycle |
32.72 |
|
|
|
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 1.29 times in 2013, increased from 1.23 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 lower.
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 1.13 times in 2013,
increased from 1.08 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 33 days.
Trend of the
average competitors in the same industry for last 5 years
Current Ratio Uptrend
LEVERAGE : ACCEPTABLE
LEVERAGE RATIO
|
Debt Ratio |
0.77 |
Acceptable |
Industrial
Average |
0.58 |
|
Debt to Equity Ratio |
3.37 |
Risky |
Industrial
Average |
1.38 |
|
Times Interest Earned |
5.90 |
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 5.91 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 0.77 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 Stable
ACTIVITY :
IMPRESSIVE
ACTIVITY RATIO
|
Fixed Assets Turnover |
489.70 |
Impressive |
Industrial
Average |
- |
|
Total Assets Turnover |
4.18 |
Satisfactory |
Industrial
Average |
4.95 |
|
Inventory Conversion Period |
11.11 |
|
|
|
|
Inventory Turnover |
32.87 |
Impressive |
Industrial
Average |
14.31 |
|
Receivables Conversion Period |
63.24 |
|
|
|
|
Receivables Turnover |
5.77 |
Impressive |
Industrial
Average |
5.17 |
|
Payables Conversion Period |
41.63 |
|
|
|
The company's Account Receivable Ratio is calculated as 5.77 and
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 45 days at the
end of 2012 to 11 days at the end of 2013. This represents a positive trend.
And Inventory turnover has increased from 8.17 times in year 2012 to 32.87
times in year 2013.
The company's Total Asset Turnover is calculated as 4.18 times and 1.02
times in 2013 and 2012 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.60.10 |
|
|
1 |
Rs.99.85 |
|
Euro |
1 |
Rs.82.58 |
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.