MIRA INFORM REPORT
|
Report Date : |
07.04.2014 |
IDENTIFICATION DETAILS
|
Name : |
O H S C TRADING COMPANY LIMITED |
|
|
|
|
Registered Office : |
116/6-8
Nonsee Road, Chongnonsee, Yannawa,
Bangkok 10120, |
|
|
|
|
Country : |
Thailand |
|
|
|
|
Financials (as on) : |
31.12.2012 |
|
|
|
|
Date of Incorporation : |
02.04.1990 |
|
|
|
|
Com. Reg. No.: |
0105533037941 |
|
|
|
|
Legal Form : |
Private Limited Company |
|
|
|
|
Line of Business : |
Subject’s are importer and
distributor various kinds
of metal and
steel products |
|
|
|
|
No. of Employees |
18 |
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 – december 01, 2013
|
Country Name |
Previous Rating (30.09.2013) |
Current Rating (01.12.2013) |
|
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
O H S C TRADING
COMPANY LIMITED
SUMMARY
BUSINESS
ADDRESS : 116/6-8 NONSEE
ROAD, CHONGNONSEE,
YANNAWA, BANGKOK
10120, THAILAND
TELEPHONE : [66] 2681-0312-4,
2295-2031-3
FAX : [66] 2681-0315
E-MAIL
ADDRESS : ohsctrading@gmail.com
REGISTRATION
ADDRESS : SAME
AS BUSINESS ADDRESS
ESTABLISHED
: 1990
REGISTRATION
NO. : 0105533037941 [Former
: 3794/2533]
TAX
ID NO. : 3101819540
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. THANIT
PRUEKTHIVIJITRA, THAI
MANAGING DIRECTOR
NO.
OF STAFF : 18
LINES
OF BUSINESS : METAL
AND STEEL PRODUCTS
IMPORTER AND
DISTRIBUTOR
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 April 2,
1990 as a
private limited company
under the name
style O H S C TRADING
COMPANY LIMITED, by
Thai groups, in order to import
and distribute various
kinds of metal and steel
products for local
market. It currently
employs 18 staff.
The
subject’s registered address
is 116/6-8 Nonsee
Rd., Chongnonsee, Yannawa,
Bangkok 10120, and
this is the
subject’s current operation
address.
THE
BOARD OF DIRECTORS
|
Name |
|
Nationality |
Age |
|
|
|
|
|
|
Mr. Thanit Pruekthivijitra |
[x] |
Thai |
77 |
|
Mr. Surasak Pruekthivijitra |
|
Thai |
48 |
|
Ms. Saisunee Panyabaramee |
[x] |
Thai |
76 |
AUTHORIZED PERSON
One of the above
directors [x] can
sign on behalf
of the subject
with company’s affixed.
MANAGEMENT
Mr. Thanit Pruekthivijitra is
the Managing Director.
He is Thai
nationality with the
age of 77
years old.
Mr. Surasak Pruekthivijitra is
the Sales & Marketing Manager.
He is Thai
nationality with the
age of 48 years
old.
BUSINESS OPERATIONS
The subject’s activities
are importer and
distributor various kinds
of metal and
steel products, e.g. stainless
pipe, aluminum pipe,
stainless aluminum, aluminum
sheet, zinc, copper, brass,
bronze, zinc alloys,
wire, round bar,
angle bar, plate
and etc.
The
subject provides cutting
services for steel, stainless steel and
copper depend on customer’s
requirement.
PURCHASE
80%
of its products
is purchased from
local agents.
IMPORT
20% of its
products is imported
from Japan, Germany,
Spain, Singapore, India,
Australia, Republic of
China and Taiwan.
MAJOR
SUPPLIERS
Bangkok
Special Steel Co., Ltd. : Thailand
Juthawan
Metal Co., Ltd. : Thailand
Thai
German Products Public
Co., Ltd. : Thailand
Sahaviriya
Steel Industries Public
Company Limited :
Thailand
Posco-Thainox Public
Company Limited : Thailand
SALES
[LOCAL]
100%
of its products
is sold locally
by wholesale to
manufacturer, wholesales and
end-users.
SUBSIDIARY AND AFFILIATED
COMPANY
Ow Hiap Seng
Chiang L.P.
Business Type : Distributor
and services of
stainless 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 & T/T.
BUSINESS
TRANSACTION
The
products are sold
to customers by
cash and on
credit, with the
maximum credit given at 30-60 days. The subject
is not found
to have problem
on both account
receivable and account
payable.
BANKING
Bank
of Ayudhya Public Co.,
Ltd.
[Head
Office : 1222 Rama 3 Rd.,
Bangpongpang, Yannawa, Bangkok
10120]
Bangkok
Bank Public Co., Ltd.
[Head
Office : 333 Silom
Rd., Silom, Bangrak,
Bangkok 10500]
Kasikornbank
Public Co., Ltd.
[Head
Office : 1 Kasikorn Lane,
Rajburana Rd., Rajburana,
Bangkok]
EMPLOYMENT
The
subject employs 18
staff [office, sales
staff and service
workers].
LOCATION
DETAILS
The premise
is owned for
operating office and
warehouse at the
heading address. Premise
is located in commercial/residential area.
COMMENT
Thailand
industry is still an attractive market
for metal goods such as steel, stainless steel, zinc, brass, copper, aluminum and etc. with
demand growing in line
with an improvement of
industries mainly
automotive, electrical appliances
and industrial parts.
Despite
overall industry outlook
is contraction, metal
and steel products
are still in
demand from industrial
sector. Subject is
able to maintain
active business.
FINANCIAL
INFORMATION
The
capital was registered
at Bht. 10,000,000 divided
into 10,000 shares
of Bht. 1,000
each with fully
paid.
THE
SHAREHOLDERS LISTED WERE
: [as at
April 30, 2013]
|
NAME |
HOLDING |
% |
|
|
|
|
|
Mr. Thanit Pruekthivijitra Nationality: Thai Address : 116/6
Nonsee Rd., Chongnonsee, Yannawa,
Bangkok |
3,525 |
35.25 |
|
Ms. Saisunee Panyabaramee Nationality: Thai Address : 779,
781-783 Charoenkrung Rd.,
Taladnoi,
Samphantawong, Bangkok |
2,500 |
25.00 |
|
Mr. Somboon Pruekthivijitra Nationality: Thai Address : 1882
Trok Khaolarm, Charoenkrung Rd.,
Taladnoi, Samphantawong, Bangkok
|
1,025 |
10.25 |
|
Mr. Surasak Pruekthivijitra Nationality: Thai Address : 787
Charoenkrung Rd., Taladnoi,
Samphantawong, Bangkok |
1,025 |
10.25 |
|
Mr. Sithichai Pruekthivijitra Nationality: Thai Address : 855 Charoenkrung Rd.,
Taladnoi,
Samphantawong, Bangkok |
1,025 |
10.25 |
|
Ms. Sukanya Leelalertsophon Nationality: Thai Address : 1882
Charoenkrung Rd., Taladnoi,
Samphantawong, Bangkok |
300 |
3.00 |
|
Mrs. Karnsiri Kiatthanajira Nationality: Thai Address : 787
Charoenkrung Rd., Taladnoi,
Samphantawong, Bangkok |
300 |
3.00 |
|
Ms. Pornpen Chantasithiporn Nationality: Thai Address : 861-863 Charoenkrung Rd., Taladnoi,
Samphantawong, Bangkok |
300 |
3.00 |
Total Shareholders : 8
Share Structure [as
at April 30,
2013]
|
Nationality |
Shareholders |
No. of Share |
% Shares |
|
|
|
|
|
|
Thai |
8 |
10,000 |
100.00 |
|
Foreign |
- |
- |
- |
|
Total |
8 |
10,000 |
100.00 |
NAME OF AUDITOR
& CERTIFIED PUBLIC
ACCOUNTANT NO. :
Mr. Ratanachai Damnernsawas
No. 4897
BALANCE
SHEET [BAHT]
The
latest financial figures
published for December
31, 2012, 2011
& 2010 were:
ASSETS
|
Current Assets |
2012 |
2011 |
2010 |
|
|
|
|
|
|
Cash and Cash Equivalents |
371,007.00 |
256,379.06 |
1,058,734.29 |
|
Trade Accounts & Other Receivable |
63,567,243.91 |
53,143,524.02 |
61,262,552.42 |
|
Inventories |
31,499,701.61 |
32,539,601.62 |
24,993,168.76 |
|
Other Current Assets
|
169,919.56 |
2,505,009.67 |
2,352,949.43 |
|
|
|
|
|
|
Total Current Assets
|
95,607,872.08 |
88,444,514.37 |
89,667,404.90 |
|
|
|
|
|
|
Fixed Assets |
5,743,177.95 |
7,658,783.63 |
9,669,210.04 |
|
Bail |
5,607.48 |
- |
- |
|
Total Assets |
101,356,657.51 |
96,103,298.00 |
99,336,614.94 |
LIABILITIES &
SHAREHOLDERS’ EQUITY [BAHT]
|
Current
Liabilities |
2012 |
2011 |
2010 |
|
|
|
|
|
|
Bank Overdraft |
14,660,023.65 |
13,394,806.75 |
14,502,384.39 |
|
Promissory Notes |
30,355,457.57 |
- |
2,000,000.00 |
|
Trust Receipt Payable |
19,722,862.45 |
41,943,214.57 |
39,805,566.32 |
|
Current Portion of
Installment Payable of Assets |
735,524.10 |
873,624.00 |
825,361.20 |
|
Trade Accounts & Other
Payable |
4,656,336.44 |
9,364,475.19 |
11,207,491.59 |
|
Other Current Liabilities |
546,783.42 |
159,224.79 |
844,685.68 |
|
|
|
|
|
|
Total Current Liabilities |
70,676,987.63 |
65,735,345.30 |
69,185,489.18 |
|
|
|
|
|
|
Installment Payable of
Assets, Net |
106,614.42 |
842,138.51 |
1,715,762.51 |
|
Total Liabilities |
70,783,602.05 |
66,577,483.81 |
70,901,251.69 |
|
|
|
|
|
|
Shareholders' Equity |
|
|
|
|
|
|
|
|
|
Share capital : Baht 1,000
value authorized, issued
and fully paid share
capital 10,000 shares |
10,000,000.00 |
10,000,000.00 |
10,000,000.00 |
|
|
|
|
|
|
Capital Paid |
10,000,000.00 |
10,000,000.00 |
10,000,000.00 |
|
Retained Earning - Unappropriated |
20,573,055.46 |
19,525,814.19 |
18,435,363.25 |
|
Total Shareholders' Equity |
30,573,055.46 |
29,525,814.19 |
28,435,363.25 |
|
Total Liabilities &
Shareholders' Equity |
101,356,657.51 |
96,103,298.00 |
99,336,614.94 |
PROFIT &
LOSS ACCOUNT
|
Revenue |
2012 |
2011 |
2010 |
|
|
|
|
|
|
Sales |
193,078,767.92 |
189,117,821.10 |
172,044,274.90 |
|
Rental & Services Income |
864,000.00 |
864,000.00 |
827,000.00 |
|
Gain on Exchange
Rate |
999,793.30 |
- |
242,331.06 |
|
Gain on Disposal
of Assets |
- |
1,260,587.48 |
498,790.63 |
|
Other Income |
59,609.63 |
- |
- |
|
Total Revenues |
195,002,170.85 |
191,242,408.58 |
173,612,396.59 |
|
Expenses |
|
|
|
|
|
|
|
|
|
Cost of Goods
Sold |
186,398,684.26 |
181,859,216.19 |
165,224,488.87 |
|
Selling Expenses |
86,957.75 |
291,196.92 |
179,291.66 |
|
Administrative Expenses |
3,233,616.22 |
3,541,877.44 |
3,589,037.26 |
|
Other Expenses |
[870.00] |
866,745.02 |
[81,384.46] |
|
Total Expenses |
189,718,388.23 |
186,559,035.57 |
168,911,433.33 |
|
|
|
|
|
|
Profit / Loss] before Financial
Costs & Income Tax |
5,283,782.62 |
4,683,373.01 |
4,700,963.26 |
|
Financial Costs |
[3,613,057.18] |
[2,731,541.80] |
[1,915,829.97] |
|
|
|
|
|
|
Profit / [Loss] before Income Tax |
1,670,725.44 |
1,951,831.21 |
2,785,133.29 |
|
Income Tax |
[623,484.17] |
[861,380.27] |
[958,154.93] |
|
Net Profit / [Loss] |
1,047,241.27 |
1,090,450.94 |
1,826,978.36 |
FINANCIAL
ANALYSIS
|
ITEM |
UNIT |
2012 |
2011 |
2010 |
|
|
|
|
|
|
|
LIQUIDITY RATIO |
|
|
|
|
|
CURRENT RATIO |
TIMES |
1.35 |
1.35 |
1.30 |
|
QUICK RATIO |
TIMES |
0.90 |
0.81 |
0.90 |
|
|
|
|
|
|
|
ACTIVITY RATIO |
|
|
|
|
|
FIXED ASSETS TURNOVER |
TIMES |
33.77 |
24.81 |
17.88 |
|
TOTAL ASSETS TURNOVER |
TIMES |
1.91 |
1.98 |
1.74 |
|
INVENTORY CONVERSION PERIOD |
DAYS |
61.68 |
65.31 |
55.21 |
|
INVENTORY TURNOVER |
TIMES |
5.92 |
5.59 |
6.61 |
|
RECEIVABLES CONVERSION PERIOD |
DAYS |
119.63 |
102.10 |
129.35 |
|
RECEIVABLES TURNOVER |
TIMES |
3.05 |
3.57 |
2.82 |
|
PAYABLES CONVERSION PERIOD |
DAYS |
9.12 |
18.79 |
24.76 |
|
CASH CONVERSION CYCLE |
DAYS |
172.20 |
148.61 |
159.80 |
|
|
|
|
|
|
|
PROFITABILITY
RATIO |
|
|
|
|
|
COST OF GOODS SOLD |
% |
96.11 |
95.72 |
95.58 |
|
SELLING & ADMINISTRATION |
% |
1.71 |
2.02 |
2.18 |
|
INTEREST |
% |
1.86 |
1.44 |
1.11 |
|
GROSS PROFIT MARGIN |
% |
4.44 |
4.94 |
4.85 |
|
NET PROFIT MARGIN BEFORE EX. ITEM |
% |
2.72 |
2.47 |
2.72 |
|
NET PROFIT MARGIN |
% |
0.54 |
0.57 |
1.06 |
|
RETURN ON EQUITY |
% |
3.43 |
3.69 |
6.43 |
|
RETURN ON ASSET |
% |
1.03 |
1.13 |
1.84 |
|
EARNING PER SHARE |
BAHT |
104.72 |
109.05 |
182.70 |
|
|
|
|
|
|
|
LEVERAGE RATIO |
|
|
|
|
|
DEBT RATIO |
TIMES |
0.70 |
0.69 |
0.71 |
|
DEBT TO EQUITY RATIO |
TIMES |
2.32 |
2.25 |
2.49 |
|
TIME INTEREST EARNED |
TIMES |
1.46 |
1.71 |
2.45 |
|
|
|
|
|
|
|
ANNUAL GROWTH |
|
|
|
|
|
SALES GROWTH |
% |
2.08 |
9.90 |
|
|
OPERATING PROFIT |
% |
12.82 |
(0.37) |
|
|
NET PROFIT |
% |
(3.96) |
(40.31) |
|
|
FIXED ASSETS |
% |
(25.01) |
(20.79) |
|
|
TOTAL ASSETS |
% |
5.47 |
(3.25) |
|
ANNUAL GROWTH :
SATISFACTORY
An annual sales growth is 2.08%. Turnover has increased from THB
PROFITABILITY :
ACCEPTABLE
PROFITABILITY
RATIO
|
Gross Profit Margin |
4.44 |
Deteriorated |
Industrial
Average |
10.75 |
|
Net Profit Margin |
0.54 |
Acceptable |
Industrial
Average |
0.85 |
|
Return on Assets |
1.03 |
Acceptable |
Industrial
Average |
1.58 |
|
Return on Equity |
3.43 |
Acceptable |
Industrial
Average |
4.64 |
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 4.44%. 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 0.54%.
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 1.03%.
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. When compared with the
industry average, it was lower, the company's figure is 3.43%.
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 |
1.35 |
Impressive |
Industrial Average |
1.34 |
|
Quick Ratio |
0.90 |
|
|
|
|
Cash Conversion Cycle |
172.20 |
|
|
|
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 1.35 times in 2012, the same figure
as 1.35 times in 2011, 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 0.9 times in 2012,
increased from 0.81 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 173 days.
Trend of the
average competitors in the same industry for last 5 years
Current Ratio Uptrend
LEVERAGE :
ACCEPTABLE
LEVERAGE RATIO
|
Debt Ratio |
0.70 |
Acceptable |
Industrial
Average |
0.69 |
|
Debt to Equity Ratio |
2.32 |
Risky |
Industrial
Average |
2.23 |
|
Times Interest Earned |
1.46 |
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 higher the percentage means that the company is using less equity
and has stronger leverage position.
Times Interest Earned measuring a company's ability to meet its debt
obligations. Ratio is 1.47 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 0.7 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 |
33.77 |
Impressive |
Industrial
Average |
- |
|
Total Assets Turnover |
1.91 |
Impressive |
Industrial
Average |
1.85 |
|
Inventory Conversion Period |
61.68 |
|
|
|
|
Inventory Turnover |
5.92 |
Impressive |
Industrial
Average |
4.15 |
|
Receivables Conversion Period |
119.63 |
|
|
|
|
Receivables Turnover |
3.05 |
Acceptable |
Industrial
Average |
4.14 |
|
Payables Conversion Period |
9.12 |
|
|
|
The company's Account Receivable Ratio is calculated as 3.05 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 65 days at the
end of 2011 to 62 days at the end of 2012. This represents a positive trend.
And Inventory turnover has increased from 5.59 times in year 2011 to 5.92 times
in year 2012.
The company's Total Asset Turnover is calculated as 1.91 times and 1.98
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.60.32 |
|
|
1 |
Rs.100.04 |
|
Euro |
1 |
Rs.82.65 |
INFORMATION DETAILS
|
Analysis Done by
: |
SUB |
|
|
|
|
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.