MIRA INFORM REPORT
|
Report Date : |
17.04.2014 |
IDENTIFICATION DETAILS
|
Name : |
NUTRIMED CO., LTD. |
|
|
|
|
Registered Office : |
16 Soi Pattanakarn
51, Pattanakarn Road, Suanluang, Bangkok 10250 |
|
|
|
|
Country : |
Thailand |
|
|
|
|
Financials (as on) : |
31.12.2012 |
|
|
|
|
Date of Incorporation : |
16.07.2004 |
|
|
|
|
Com. Reg. No.: |
0105547096708 |
|
|
|
|
Legal Form : |
Private Limited Company |
|
|
|
|
Line of Business : |
Importer and Distributor of Animal Health
and Feed Products |
|
|
|
|
No of Employees : |
45 |
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 |
|
Maximum Credit Limit : |
US$ 200,000 |
|
|
|
|
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 (30.09.2013) |
Current Rating (01.12.2013) |
|
Thailand |
B1 |
B1 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low Risk |
A2 |
|
Moderate Low Risk |
B1 |
|
Moderate Risk |
B2 |
|
Moderate High Risk |
C1 |
|
High Risk |
C2 |
|
Very High Risk |
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
NUTRIMED CO., LTD.
SUMMARY
BUSINESS ADDRESS : 16
SOI PATTANAKARN 51,
PATTANAKARN ROAD,
SUANLUANG, BANGKOK
10250, THAILAND
TELEPHONE : [66] 2320-5683-7,
2320-0888
FAX : [66] 2320-5688
E-MAIL ADDRESS : info@nutrimed.co.th
REGISTRATION ADDRESS : SAME
AS BUSINESS ADDRESS
ESTABLISHED : 2004
REGISTRATION NO. : 0105547096708
TAX ID NO. : 3031462755
CAPITAL REGISTERED : BHT.
60,000,000
CAPITAL PAID-UP : BHT.
60,000,000
SHAREHOLDER’S PROPORTION : THAI : 97.25%
SINGAPOREAN : 2.75%
FISCAL YEAR CLOSING DATE : DECEMBER 31
LEGAL STATUS : PRIVATE LIMITED
COMPANY
EXECUTIVE : MS.
SUWANNA KRUEPAIBOONKUL, THAI
MANAGING DIRECTOR
NO. OF STAFF : 45
LINES OF BUSINESS : ANIMAL HEALTH
AND FEED 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 July
16, 2004 as
a private limited
company under the
name style NUTRIMED
CO., LTD., by Thai groups,
with the business
objective to import
and distribute animal
health and feed
products to domestic
market. It currently
employs 45 staff.
The subject’s registered
address was initially
at 2811-19-23 Pattanakarn
Rd., Suanluang, Bangkok
10250.
On January 8,
2007, the registered
address was relocated
to 16 Soi
Pattanakarn 51, Pattanakarn
Rd., Suanluang, Bangkok
10250, and this
is the subject’s
current operation address.
THE BOARD
OF DIRECTORS
|
Name |
|
Nationality |
Age |
|
|
|
|
|
|
Ms. Suwanna Kruepaiboonkul |
|
Thai |
52 |
|
Ms. Cholthicha Saeng-arthit |
|
Thai |
34 |
|
Mrs. Pimpima Lertlakpreecha |
|
Thai |
- |
|
Mr. Somboon Rattanakongthon |
|
Thai |
55 |
|
Mr. Wasan Homsaengpradit |
|
Thai |
41 |
AUTHORIZED PERSON
Any two of the
above directors can
jointly sign on
behalf of the
subject with company’s
affixed.
MANAGEMENT
Ms. Suwanna Kruepaiboonkul is
the Managing Director.
She is Thai
nationality with the
age of 52 years
old.
BUSINESS OPERATIONS
The subject is
engaged in importing
and distributing various
kinds of animal
health and feed products, including veterinary, vitamin and mineral,
dairy products, as well
as farming equipments,
artificial insemination equipment, milk
tanks and feeding materials
for livestock [young swine
& cow] business.
BRAND NAMES
“NUTRIFEED”, “VMD”, “DIGITAL
ANGEL”, “KALVOSTART SPECIAL”,
“AKZO NOBEL”, “KRUUSE”
and etc.
PURCHASE
The products are
purchased from suppliers
and agents both
domestic and overseas,
mainly Taiwan, Denmark,
Netherlands, Belgium, France,
Belgium, United Kingdom, India
and Republic of
China.
SALES
100% of the
products are sold
and serviced locally
by wholesale to
traders and end-users.
RELATED AND
AFFILIATED COMPANY
Vicky Enterprise Co.,
Ltd.
Business Type :
Importer and distributor
of animal health
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 according
to 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.
Krung Thai Bank
Public Co., Ltd.
EMPLOYMENT
The subject currently
employs 45 staff.
LOCATION DETAILS
The premise is
owned for administrative office at
the heading address. Premise is
located in commercial/residential area.
REMARK
MAXIMUM CREDIT SHOULD
BE GRANTED AT US$
200,000.
COMMENT
Despite economic uncertainty,
poultry and livestock businesses
are growing strong. This
also benefits to animal
health and feed
products industry.
The subject reported outstanding
sales in 2012 compared to the
previous year, and its
performance has gradually increased and continued growing steadily. Market outlook of animal and
feed businesses remains
upbeat.
FINANCIAL INFORMATION
The capital was
registered at Bht. 1,000,000 divided
into 10,000 shares
of Bht. 100
each.
The capital was
increased later as
following:
Bht. 20,000,000
on May 25,
2006
Bht. 30,000,000
on January 19,
2007
Bht. 35,000,000
on February 21,
2007
Bht. 40,000,000
on August 15,
2007
Bht. 60,000,000
on December 1,
2011
The latest registered
capital was increased
to Bht. 60 million,
divided into 600,000
shares of Bht.
100 each with
fully paid.
THE
SHAREHOLDERS LISTED WERE
: [as at
March 5, 2014]
|
NAME |
HOLDING |
% |
|
|
|
|
|
Ms. Suwanna Kruepaiboonkul Nationality: Thai Address : 212/85
Moo 1, T. Bangpai,
A. Muang, Nonthaburi |
175,000 |
29.17 |
|
Ms. Cholthicha Saeng-arthit Nationality: Thai Address : 12/16
Suthisarn Rd., Dindaeng,
Bangkok |
165,001 |
27.50 |
|
Ms. Wannee Noppaibulrat Nationality: Thai Address : 124
Suriyawongse, Bangrak, Bangkok |
125,000 |
20.83 |
|
Mr. Somboon Rattanakongthon Nationality: Thai Address : 466
Ramkhamhaeng Rd., Huamark,
Bangkapi, Bangkok |
83,500 |
13.92 |
|
Ms. Pimpima Lertlakpreecha Nationality: Thai Address : 147/260
Moo 1, T. Theparak, A.Muang,
Samutprakarn |
34,999 |
5.83 |
|
SGP Capital [Singapore] Pte.
Ltd. Nationality: Singaporean Address : 128
Tanjong Pagar Rd.,
Singapore |
16,500 |
2.75 |
Total Shareholders : 6
Share Structure [as
at March 5,
2014]
|
Nationality |
Shareholders |
No. of Share |
% Shares |
|
|
|
|
|
|
Thai |
5 |
583,500 |
97.25 |
|
Foreign-Singaporean |
1 |
16,500 |
2.75 |
|
|
|
|
|
|
Total |
6 |
600,000 |
100.00 |
NAME OF AUDITOR
& CERTIFIED PUBLIC
ACCOUNTANT NO. :
Ms. Kingkarn Wichiensamut No.
10254
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 |
15,917,251.17 |
21,859,103.73 |
19,470,563.17 |
|
Trade Accounts Receivable |
57,527,641.71 |
57,64,953.90 |
62,152,208.83 |
|
Short-term Lending to Related Company |
- |
- |
15,000,000.00 |
|
Inventories |
54,299,869.65 |
30,420,569.52 |
31,811,389.99 |
|
Other Current Assets
|
571,555.66 |
226,353.58 |
3,565,219.81 |
|
Total Current Assets
|
128,316,318.19 |
109,670,980.73 |
131,999,381.80 |
|
|
|
|
|
|
Cash at Bank
Pledged as a Collateral |
9,000,000.00 |
- |
- |
|
Investment in Related
Company |
18,500,000.00 |
18,500,000.00 |
18,500,000.00 |
|
Long-term Lending to Related Company |
4,300,000.00 |
30,000,000.00 |
- |
|
Investment in Real
Estate |
- |
- |
7,165,628.00 |
|
Building & Equipment |
6,494,202.93 |
7,422,368.48 |
1,708,374.37 |
|
Other Non-current Assets |
7,651,748.00 |
7,651,748.00 |
486,120.00 |
|
Total Assets |
174,262,269.12 |
173,245,097.21 |
159,859,504.17 |
LIABILITIES &
SHAREHOLDERS' EQUITY [BAHT]
|
Current Liabilities |
2012 |
2011 |
2010 |
|
|
|
|
|
|
Bank Overdraft & Short-term
Loan from Financial Institution |
30,000,000.00 |
6,315,793.70 |
1,271,587.16 |
|
Trade Accounts & Other Payable |
50,716,006.51 |
59,419,920.13 |
54,210,007.84 |
|
Loan from Person
& Related Company |
- |
- |
24,784,397.32 |
|
Current Portion of Long-term
Lease Contract Liabilities |
1,297,445.06 |
819,752.04 |
83,300.06 |
|
Other Current Liabilities |
- |
- |
30,395,407.66 |
|
Total Current Liabilities |
82,013,451.57 |
66,555,465.87 |
110,744,700.04 |
|
|
|
|
|
|
Long-term Loan from Related
Person |
11,443,037.32 |
30,384,397.32 |
- |
|
Long-term Lease Contract
Liabilities, Net
of Current Portion |
987,297.38 |
2,409,382.42 |
- |
|
Total Liabilities |
94,443,786.27 |
99,349,245.61 |
110,744,700.04 |
|
|
|
|
|
|
Shareholders' Equity |
|
|
|
|
|
|
|
|
|
Share capital : Baht 100
par value authorized, issued
and fully paid share capital
600,000 shares in 2012 & 2011; 400,000
shares in 2010 |
60,000,000.00 |
60,000,000.00 |
40,000,000.00 |
|
Capital Paid |
60,000,000.00 |
60,000,000.00 |
40,000,000.00 |
|
Retained Earnings |
|
|
|
|
Appropriated for
Statutory Reserve |
610,000.00 |
610,000.00 |
610,000.00 |
|
Unappropriated |
19,208,482.85 |
13,285,851.60 |
8,504,804.13 |
|
Total Shareholders' Equity |
79,818,482.85 |
73,895,851.60 |
49,114,804.13 |
|
Total Liabilities &
Shareholders' Equity |
174,262,269.12 |
173,245,097.21 |
159,859,504.17 |
PROFIT &
LOSS ACCOUNT
|
Revenue |
2012 |
2011 |
2010 |
|
|
|
|
|
|
Sales & Services |
279,902,244.77 |
274,132,743.02 |
249,554,232.22 |
|
Gain on Disposal
of Assets |
- |
- |
284,096.84 |
|
Dividend Income |
- |
- |
1,480,000.00 |
|
Gain on Exchange Rate |
2,057,400.01 |
- |
3,330,005.49 |
|
Other Income |
550,802.53 |
2,433,907.91 |
1,129,434.95 |
|
Total Revenues |
282,510,447.31 |
276,566,650.93 |
255,777,769.50 |
|
Expenses |
|
|
|
|
|
|
|
|
|
Cost of Goods Sold
and Services |
217,308,907.34 |
209,938,518.70 |
190,865,151.19 |
|
Selling Expenses |
21,475,810.16 |
20,970,736.94 |
17,009,876.68 |
|
Administrative Expenses |
34,935,275.49 |
37,404,357.53 |
43,437,483.73 |
|
Loss on Exchange Rate |
- |
1,018,672.22 |
- |
|
Total Expenses |
273,719,992.99 |
269,332,285.39 |
251,312,511.60 |
|
|
|
|
|
|
Profit before Financial
Cost & Income
Tax |
8,790,454.32 |
7,234,365.54 |
4,465,257.90 |
|
Cost of Financial |
[1,052,627.62] |
[254,511.28] |
[112,578.24] |
|
|
|
|
|
|
Profit before Income Tax |
7,737,826.70 |
6,979,854.26 |
4,352,679.66 |
|
Income Tax |
[1,815,195.45] |
[2,198,806.79] |
[1,984,608.85] |
|
Net Profit / [Loss] |
5,922,631.25 |
4,781,047.47 |
2,368,070.81 |
FINANCIAL ANALYSIS
|
ITEM |
UNIT |
2012 |
2011 |
2010 |
|
|
|
|
|
|
|
LIQUIDITY RATIO |
|
|
|
|
|
CURRENT RATIO |
TIMES |
1.56 |
- |
1.19 |
|
QUICK RATIO |
TIMES |
0.90 |
(0.46) |
0.87 |
|
|
|
|
|
|
|
ACTIVITY RATIO |
|
|
|
|
|
FIXED ASSETS TURNOVER |
TIMES |
43.10 |
36.93 |
146.08 |
|
TOTAL ASSETS TURNOVER |
TIMES |
1.61 |
1.58 |
1.56 |
|
INVENTORY CONVERSION PERIOD |
DAYS |
91.20 |
52.89 |
60.83 |
|
INVENTORY TURNOVER |
TIMES |
4.00 |
6.90 |
6.00 |
|
RECEIVABLES CONVERSION PERIOD |
DAYS |
75.02 |
76.11 |
90.90 |
|
RECEIVABLES TURNOVER |
TIMES |
4.87 |
4.80 |
4.02 |
|
PAYABLES CONVERSION PERIOD |
DAYS |
85.18 |
103.31 |
103.67 |
|
CASH CONVERSION CYCLE |
DAYS |
81.04 |
25.70 |
48.07 |
|
|
|
|
|
|
|
PROFITABILITY
RATIO |
|
|
|
|
|
COST OF GOODS SOLD |
% |
77.64 |
76.58 |
76.48 |
|
SELLING & ADMINISTRATION |
% |
20.15 |
21.29 |
24.22 |
|
INTEREST |
% |
0.38 |
0.09 |
0.05 |
|
GROSS PROFIT MARGIN |
% |
23.29 |
24.31 |
26.01 |
|
NET PROFIT MARGIN BEFORE EX. ITEM |
% |
3.14 |
2.64 |
1.79 |
|
NET PROFIT MARGIN |
% |
2.12 |
1.74 |
0.95 |
|
RETURN ON EQUITY |
% |
7.42 |
6.47 |
4.82 |
|
RETURN ON ASSET |
% |
3.40 |
2.76 |
1.48 |
|
EARNING PER SHARE |
BAHT |
9.87 |
7.97 |
5.92 |
|
|
|
|
|
|
|
LEVERAGE RATIO |
|
|
|
|
|
DEBT RATIO |
TIMES |
0.54 |
0.57 |
0.69 |
|
DEBT TO EQUITY RATIO |
TIMES |
1.18 |
1.34 |
2.25 |
|
TIME INTEREST EARNED |
TIMES |
8.35 |
28.42 |
39.66 |
|
|
|
|
|
|
|
ANNUAL GROWTH |
|
|
|
|
|
SALES GROWTH |
% |
2.10 |
9.85 |
|
|
OPERATING PROFIT |
% |
21.51 |
62.01 |
|
|
NET PROFIT |
% |
23.88 |
101.90 |
|
|
FIXED ASSETS |
% |
(12.50) |
334.47 |
|
|
TOTAL ASSETS |
% |
0.59 |
8.37 |
|
ANNUAL
GROWTH : IMPRESSIVE
An annual sales growth is 2.1%. Turnover has increased from THB
274,132,743.02 in 2011 to THB 279,902,244.77 in 2012. While net profit has
increased from THB 4,781,047.47 in 2011 to THB 5,922,631.25 in 2012. And total
assets has increased from THB 173,245,097.21 in 2011 to THB 174,262,269.12 in
2012.
PROFITABILITY
: RISKY
PROFITABILITY
RATIO
|
Gross Profit Margin |
23.29 |
Deteriorated |
Industrial Average |
107.80 |
|
Net Profit Margin |
2.12 |
Acceptable |
Industrial Average |
4.22 |
|
Return on Assets |
3.40 |
Deteriorated |
Industrial Average |
6.89 |
|
Return on Equity |
7.42 |
Deteriorated |
Industrial Average |
16.07 |
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 23.29%. 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 2.12%.
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 3.4%.
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 7.42%.
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 |
1.56 |
Satisfactory |
Industrial Average |
1.63 |
|
Quick Ratio |
0.90 |
|
|
|
|
Cash Conversion Cycle |
81.04 |
|
|
|
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 1.56 times in 2012, increased from 0 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 0.9 times in 2012,
increased from -0.46 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 82 days.
Trend of the
average competitors in the same industry for last 5 years
Current Ratio Uptrend
LEVERAGE
: IMPRESSIVE
LEVERAGE
RATIO
|
Debt Ratio |
0.54 |
Impressive |
Industrial Average |
0.57 |
|
Debt to Equity Ratio |
1.18 |
Acceptable |
Industrial Average |
1.33 |
|
Times Interest Earned |
8.35 |
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 8.36 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 0.54 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 |
43.10 |
Impressive |
Industrial Average |
- |
|
Total Assets Turnover |
1.61 |
Satisfactory |
Industrial Average |
1.63 |
|
Inventory Conversion Period |
91.20 |
|
|
|
|
Inventory Turnover |
4.00 |
Impressive |
Industrial Average |
3.69 |
|
Receivables Conversion Period |
75.02 |
|
|
|
|
Receivables Turnover |
4.87 |
Impressive |
Industrial Average |
2.43 |
|
Payables Conversion Period |
85.18 |
|
|
|
The company's Account Receivable Ratio is calculated as 4.87 and 4.80 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 53 days at the
end of 2011 to 91 days at the end of 2012. This represents a negative trend.
And Inventory turnover has decreased from 6.9 times in year 2011 to 4 times in
year 2012.
The company's Total Asset Turnover is calculated as 1.61 times and 1.58
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
|
Key Areas |
Score |
Weight |
Weighted
Score |
|
LIQUIDITY RATIO |
1.33 |
25.00 |
33.25 |
|
ACTIVITY RATIO |
3.67 |
20.00 |
73.40 |
|
PROFITABILITY
RATIO |
0.33 |
25.00 |
8.25 |
|
LEVERAGE RATIO |
3.11 |
10.00 |
31.10 |
|
ANNUAL GROWTH |
3.20 |
20.00 |
64.00 |
|
Total Weight
(excluding - - Score) |
|
100.00 |
|
|
|
|
|
210.00 |
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs. 60.26 |
|
|
1 |
Rs. 100.70 |
|
Euro |
1 |
Rs. 83.27 |
INFORMATION DETAILS
|
Analysis Done by
: |
DIV |
|
|
|
|
Report Prepared
by : |
DPT |
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.