MIRA INFORM REPORT
|
Report Date : |
30.12.2014 |
IDENTIFICATION DETAILS
|
Name : |
ALLIED-TEK ENGINEERING CO., LTD. |
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Registered Office : |
21/27 Moo 10,
Nawamin 133 Road,
Nualchan, Buengkum, |
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Country : |
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Financials (as on) : |
31.12.2013 |
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Date of Incorporation : |
25.09.1990 |
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Com. Reg. No.: |
0105533115730 |
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Legal Form : |
Private Limited Company |
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Line of Business : |
Subject is engaged in manufacturing, assembling, importing and distributing wide
range of industrial machinery and spare parts
for various industries,
focusing on process
and mechanical engineering |
|
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|
No. of Employee : |
200 |
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 : |
Slow but correct |
|
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, 2014
|
Country Name |
Previous Rating (30.06.2014) |
Current Rating (30.09.2014) |
|
|
B1 |
B1 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
|
Moderate |
B1 |
|
High |
B2 |
|
Very High |
C1 |
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Restricted |
C2 |
|
Off-credit |
D |
With a well-developed
infrastructure, a free-enterprise economy, generally pro-investment policies,
and strong export industries,
|
Source
: CIA |
Company name & address
ALLIED-TEK ENGINEERING CO., LTD.
SUMMARY
BUSINESS ADDRESS : 21/27 MOO 10,
NAWAMIN 133 ROAD,
NUALCHAN,
BUENGKUM,
TELEPHONE : [66] 2944-1931-40, 084
636-9186
FAX : [66] 2510-8208-9
E-MAIL ADDRESS : sales@allied-tek.com
info@allied-tek.com
REGISTRATION ADDRESS : SAME AS BUSINESS
ADDRESS
ESTABLISHED : 1990
REGISTRATION NO. : 0105533115730
TAX ID NO. : 3101894035
CAPITAL REGISTERED : BHT.
198,000,000
CAPITAL PAID-UP : BHT.
198,000,000
SHAREHOLDER’S PROPORTION : THAI
: 100%
FISCAL YEAR CLOSING DATE : DECEMBER 31
LEGAL STATUS : PRIVATE LIMITED
COMPANY
EXECUTIVE : MR.
SOMPORN PONGKAJORN, THAI
MANAGING DIRECTOR
NO. OF STAFF : 200
LINES OF BUSINESS : INDUSTRIAL MACHINERY
AND PARTS
IMPORTER, ASSEMBLER,
DISTRIBUTOR &
SERVICE PROVIDER
|
|
|
CORPORATE PROFILE |
OPERATING TREND : STABLE
PRESENT SITUATION : OPERATING NORMALLY
REPUTATION : GOOD
WITH
MANAGEMENT STANDARD : MANAGEMENT
WITH FAIR PERFORMANCE
HISTORY
The subject was
established on September 25,
1990 as a
private limited company
under the name
ALLIED-TEK ENGINEERING CO.,
LTD., by Thai
groups, with the
business objective to
supply product and
service of industrial
machinery and spare
parts, as well
as provide assembling
and maintenance services in
domestic market. It
currently employs approximately
200 staff.
The subject’s registered address
was 21/27 Moo 10,
On June 30,
2011, the registered
address was changed
to 21/27 Moo
10, Nawamin 133 Rd.,
Nualchan, Buengkum, Bangkok 10230,
by the Government
District Office, actually
they are the
same location. This
is also the
subject’s current operation
address.
THE BOARD
OF DIRECTORS
|
Name |
|
Nationality |
Age |
|
|
|
|
|
|
Mr. Somporn Pongkajorn |
[x] |
Thai |
61 |
|
Ms. Chujit Rodthong |
|
Thai |
53 |
|
Mr. Somkiat Wongkittikul |
|
Thai |
57 |
|
Mr. Somchai Pongkajorn |
[x] |
Thai |
58 |
AUTHORIZED PERSON
One of the
mentioned directors [x]
can jointly sign with
anyone of the
rest directors on behalf of
the subject with
company’s affixed.
MANAGEMENT
Mr. Somporn Pongkajorn
is the Managing
Director.
He is Thai
nationality with the
age of 61 years
old.
Ms. Chujit Rodthong
is the General
Manager.
She is Thai
nationality with the
age of 53
years old.
BUSINESS OPERATIONS
The subject is
engaged in manufacturing, assembling,
importing and distributing
wide range of industrial
machinery and spare parts for various
industries, focusing on
process and mechanical engineering
and specializing in
the following:
Turnkey projects
[design/construction] for block plant,
sugar mill, cement industries
Fabrication of heavy
industry machines for
block rubber, sugar
mill, power plant,
wood industries.
Production of wear
parts for various
industries
Research, development and
manufacturing of steel
chains for various
industries
Maintenance and repair service
for industrial machinery.
IMPORT [COUNTRIES]
Most of machinery
and spare parts are
imported from Australia,
Germany, Italy,
Hong Kong, India, Japan,
Canada, U.S.A., Indonesia, Republic
of China, Malaysia
and Taiwan.
MAJOR SUPPLIERS
Carpano Equipment S.r.L. : Italy
Bedra Inc. : U.S.A.
Berkenhoff GmbH. : Germany
Fronius International GmbH. : Germany
Voestalpine Bohler Welding
USA Inc. : U.S.A.
SALES/SERVICES
100% of the
products are sold
and serviced locally
to manufacturers and
end-users.
MAJOR CUSTOMERS
SCG Group
Mitr Phol Sugar
Group
Thai Roong Ruang
Sugar Group
Buriram Sugar Group
Thai Sugar Mill
Co., Ltd.
Wangkanai Group
Thip Sugar Sukhothai
Co., Ltd.
Khonburi Sugar Public
Company Limited
Maesod Clean Energy
Co., Ltd.
United Farmer Industry
Co., Ltd.
RELATED AND
AFFILIATED COMPANY
Allied-Tek [Thailand] Co.,
Ltd.
Business Type :
Importer and distributor
of welding equipment
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 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
T/T.
BANKING
Bangkok Bank Public
Co., Ltd.
Kasikornbank Public Co.,
Ltd.
EMPLOYMENT
The subject employs
approximately 200 staff.
LOCATION DETAILS
The premise is
owned for administrative office
at the heading
address. Premise is located
in commercial/residential area.
Assembly plant is
located at 90 Moo 5,
Saengchuto Rd., T.
Thamaka, A. Thamaka,
Karnchanaburi 71120, on
the area of
10,000 square meters. Tel.:
[66] 34 541-293-4.
COMMENT
Subject is an importer,
distributor, assembler and
provider of installation
and maintenance services of
industrial machinery and spare
parts. The products are for industrial users. Subject reported
strong sales in
2012 due to
strong consumption of
industrial sector. However,
economy has been
slowing down since
the second quarter
of 2013, which also
affected on consumption
of industrial machinery
and parts.
Generally, in 2014 its business
has encountered slow growth
due to many
unfavorable factors and
low consumer spending
which has affected on
its sales.
FINANCIAL INFORMATION
The capital was
registered at Bht. 3,000,000 divided
into 30,000 shares
of Bht. 100
each.
The capital was
increased later as
following:
Bht. 18,000,000 on
March 20, 1995
Bht. 45,000,000 on
December 23, 2003
Bht.
72,000,000 on December
27, 2005
Bht.
99,000,000 on August
29, 2007
Bht. 198,000,000 on
December 18, 2007
The latest registered
capital was increased to Bht. 198 million,
divided into 1,980,000 shares
of Bht. 100 each
with fully paid.
MAIN SHAREHOLDERS
: [as at
April 30, 2014]
|
NAME |
HOLDING |
% |
|
|
|
|
|
Mr. Somporn Pongkajorn Nationality: Thai Address : 21/28
Moo 10, Nawamin
133 Rd.,
Nualchan, Buengkum, Bangkok |
425,625 |
21.50 |
|
Mr. Somkiat Wongkittikul Nationality: Thai Address : 21/15
Moo 10, Nawamin
133 Rd.,
Nualchan, Buengkum, Bangkok |
396,000 |
20.00 |
|
Ms. Saniwa Pongkajorn Nationality: Thai Address : 21/28
Moo 10, Nawamin
133 Rd.,
Nualchan, Buengkum, Bangkok |
270,000 |
13.64 |
|
Mrs. Hataijaree Wongpichet Nationality: Thai Address : 58/50
Kubon Rd., Bangchan,
Klongsamwa, Bangkok |
150,000 |
7.58 |
|
Mrs. Nonthira Wongkittikul Nationality: Thai Address : 21/15
Nawamin 133 Rd.,
Nualchan,
Buengkum, Bangkok |
99,000 |
5.00 |
|
Ms. Chujit Rodthong Nationality: Thai Address : 33
Onnuch 51/3 Rd.,
Pravet, Bangkok |
90,000 |
4.54 |
|
Mr. Pichit Thernhit Nationality: Thai Address : 46/62
Moo 7, Rat-uthit
Rd.,
Saensaeb, Minburi, Bangkok |
90,000 |
4.54 |
|
|
|
|
|
Mrs. Somsri Pongkajorn Nationality: Thai Address : 21/28
Moo 10, Nawamin
133 Rd.,
Nualchan, Buengkum, Bangkok |
90,000 |
4.54 |
|
Mr. Somboon Pongkajorn Nationality: Thai Address : 122//2
Moo 13, T.
Naimuang, A. Muang, Khong Kaen |
80,000 |
4.04 |
|
Mr. Suchart Wongkittikul Nationality: Thai Address : 79
Moo 15, Borsuphan,
Songpeenong, Suphanburi |
79,200 |
4.00 |
|
Ms. Pornsiwa Wongkittikul Nationality: Thai Address : 21/15
Nawamin 133 Rd.,
Nualchan,
Buengkum, Bangkok |
59,400 |
3.00 |
|
Mr. Pawak Wongpichet Nationality: Thai Address : 58/50
Kubon Road, Bangchan,
Klongsamwa, Bangkok |
30,000 |
1.51 |
|
Allied-Tek [Thailand] Co.,
Ltd. Nationality: Thai Address : 21/27
Moo 10, Nawamin 133
Rd.,
Nualchan, Buengkum, Bangkok |
24,375 |
1.23 |
|
Others |
96,400 |
4.88 |
Total Shareholders : 23
Share Structure [as
at April 30,
2014]
|
Nationality |
Shareholders |
No. of Share |
% Shares |
|
|
|
|
|
|
Thai |
23 |
1,980,000 |
100.00 |
|
Foreign |
- |
- |
- |
|
Total |
23 |
1,980,000 |
100.00 |
NAME OF AUDITOR
& CERTIFIED PUBLIC
ACCOUNTANT NO. :
Ms. Supasa-ngad Pemavipark No.
2357
BALANCE SHEET
[BAHT]
The latest financial
figures published for December
31, 2013, 2012
& 2011 were:
ASSETS
|
Current Assets |
2013 |
2012 |
2011 |
|
|
|
|
|
|
Cash and Cash Equivalents |
1,502,060.82 |
630,745.10 |
3,399,230.36 |
|
Trade Accounts & Other
Receivable |
179,265,817.05 |
157,260,733.99 |
261,637,924.69 |
|
Inventories |
460,313,720.60 |
493,865,341.71 |
414,551,462.42 |
|
Total Current Assets
|
641,081,598.37 |
651,756,820.80 |
679,588,617.47 |
|
|
|
|
|
|
Fixed Assets |
165,596,982.59 |
151,820,669.73 |
118,751,549.22 |
|
Other Non-current Assets |
16,843,798.42 |
14,623.36 |
9,216,787.86 |
|
Total Assets |
823,522,379.38 |
803,592,113.89 |
807,556,954.55 |
LIABILITIES &
SHAREHOLDERS' EQUITY [BAHT]
|
Current
Liabilities |
2013 |
2012 |
2011 |
|
|
|
|
|
|
Bank Overdraft & Short-term Loan from Financial Institutions |
10,662,258.65 |
25,081,445.91 |
96,473,598.67 |
|
Trade Accounts &
Other Payable |
508,257,296.19 |
459,954,557.09 |
411,635,096.20 |
|
Current Portion of Long-term
Liabilities |
6,000,000.00 |
6,000,000.00 |
6,000,000.00 |
|
Accrued Income Tax
|
3,149,945.54 |
6,030,628.89 |
6,815,031.54 |
|
Total Current Liabilities |
528,069,500.38 |
497,066,631.89 |
520,923,726.41 |
|
Long-term Loan |
11,530,821.92 |
17,530,821.92 |
23,530,821.92 |
|
Employee Benefits Obligation |
4,386,052.13 |
4,357,147.00 |
2,861,000.00 |
|
Total Liabilities |
543,986,374.43 |
518,954,600.81 |
547,315,548.33 |
|
|
|
|
|
|
Shareholders' Equity |
|
|
|
|
|
|
|
|
|
Share capital : Baht 100
par value authorized, issued
and fully paid share
capital 1,980,000 shares |
198,000,000.00 |
198,000,000.00 |
198,000,000.00 |
|
Capital Paid |
198,000,000.00 |
198,000,000.00 |
198,000,000.00 |
|
Retained Earnings Statutory Reserve |
22,595,570.00 |
22,595,570.00 |
19,933,876.00 |
|
Unappropriated |
52,536,239.95 |
64,041,943.08 |
42,307,530.22 |
|
Total Shareholders' Equity |
279,536,004.95 |
284,637,513.08 |
260,241,406.22 |
|
Total Liabilities &
Shareholders' Equity |
823,522,379.38 |
803,592,113.89 |
807,556,954.55 |
PROFIT &
LOSS ACCOUNT
|
Revenue |
2013 |
2012 |
2011 |
|
|
|
|
|
|
Sales Income |
618,886,593.54 |
816,250,881.71 |
682,929,949.21 |
|
Services Income |
45,484,451.84 |
39,669,431.08 |
51,790,567.69 |
|
Other Income |
159,332.85 |
4,057,277.20 |
546,511.83 |
|
Total Revenues |
664,530,378.23 |
859,977,589.99 |
735,267,028.73 |
|
Expenses |
|
|
|
|
|
|
|
|
|
Cost of Goods
Sold |
493,198,009.16 |
657,068,896.04 |
539,795,276.96 |
|
Selling Expenses |
34,952,784.39 |
42,038,516.98 |
50,198,443.09 |
|
Administrative Expenses |
95,174,669.51 |
109,444,551.63 |
99,265,042.26 |
|
Other Expenses |
1,005,410.95 |
72,390.38 |
3,671,935.66 |
|
Total Expenses |
624,330,874.01 |
808,624,355.03 |
692,930,697.97 |
|
Profit / [Loss] before Finance Costs & Income Tax |
40,199,504.22 |
51,353,234.96 |
42,336,330.76 |
|
Finance Costs |
[2,019,012.80] |
[3,001,455.15] |
[3,053,382.98] |
|
Profit / [Loss] before Income Tax |
38,180,491.42 |
48,351,779.81 |
39,282,947.78 |
|
Income Tax |
[7,641,999.55] |
[11,481,672.95] |
[12,646,003.95] |
|
Net Profit / [Loss] |
30,538,491.87 |
36,870,106.86 |
26,636,943.83 |
FINANCIAL ANALYSIS
|
ITEM |
UNIT |
2013 |
2012 |
2011 |
|
|
|
|
|
|
|
LIQUIDITY RATIO |
|
|
|
|
|
CURRENT RATIO |
TIMES |
1.21 |
1.31 |
1.30 |
|
QUICK RATIO |
TIMES |
0.34 |
0.32 |
0.51 |
|
|
|
|
|
|
|
ACTIVITY RATIO |
|
|
|
|
|
FIXED ASSETS TURNOVER |
TIMES |
4.01 |
5.64 |
6.19 |
|
TOTAL ASSETS TURNOVER |
TIMES |
0.81 |
1.07 |
0.91 |
|
INVENTORY CONVERSION PERIOD |
DAYS |
340.66 |
274.34 |
280.31 |
|
INVENTORY TURNOVER |
TIMES |
1.07 |
1.33 |
1.30 |
|
RECEIVABLES CONVERSION PERIOD |
DAYS |
98.49 |
67.06 |
129.98 |
|
RECEIVABLES TURNOVER |
TIMES |
3.71 |
5.44 |
2.81 |
|
PAYABLES CONVERSION PERIOD |
DAYS |
376.14 |
255.50 |
278.34 |
|
CASH CONVERSION CYCLE |
DAYS |
63.01 |
85.90 |
131.95 |
|
|
|
|
|
|
|
PROFITABILITY RATIO |
|
|
|
|
|
COST OF GOODS SOLD |
% |
74.24 |
76.77 |
73.47 |
|
SELLING & ADMINISTRATION |
% |
19.59 |
17.70 |
20.34 |
|
INTEREST |
% |
0.30 |
0.35 |
0.42 |
|
GROSS PROFIT MARGIN |
% |
25.79 |
23.71 |
26.60 |
|
NET PROFIT MARGIN BEFORE EX. ITEM |
% |
6.05 |
6.00 |
5.76 |
|
NET PROFIT MARGIN |
% |
4.60 |
4.31 |
3.63 |
|
RETURN ON EQUITY |
% |
10.92 |
12.95 |
10.24 |
|
RETURN ON ASSET |
% |
3.71 |
4.59 |
3.30 |
|
EARNING PER SHARE |
BAHT |
15.42 |
18.62 |
13.45 |
|
|
|
|
|
|
|
LEVERAGE RATIO |
|
|
|
|
|
DEBT RATIO |
TIMES |
0.66 |
0.65 |
0.68 |
|
DEBT TO EQUITY RATIO |
TIMES |
1.95 |
1.82 |
2.10 |
|
TIME INTEREST EARNED |
TIMES |
19.91 |
17.11 |
13.87 |
|
|
|
|
|
|
|
ANNUAL GROWTH |
|
|
|
|
|
SALES GROWTH |
% |
(22.38) |
16.50 |
|
|
OPERATING PROFIT |
% |
(21.72) |
21.30 |
|
|
NET PROFIT |
% |
(17.17) |
38.42 |
|
|
FIXED ASSETS |
% |
9.07 |
27.85 |
|
|
TOTAL ASSETS |
% |
2.48 |
(0.49) |
|
ANNUAL GROWTH :
ACCEPTABLE
An annual sales growth is -22.38%. Turnover has decreased from THB
855,920,312.79 in 2012 to THB 664,371,045.38 in 2013. While net profit has
decreased from THB 36,870,106.86 in 2012 to THB 30,538,491.87 in 2013. And
total assets has increased from THB 803,592,113.89 in 2012 to THB
823,522,379.38 in 2013.
PROFITABILITY : ACCEPTABLE
PROFITABILITY
RATIO
|
Gross Profit Margin |
25.79 |
Deteriorated |
Industrial Average |
59.67 |
|
Net Profit Margin |
4.60 |
Satisfactory |
Industrial Average |
5.44 |
|
Return on Assets |
3.71 |
Deteriorated |
Industrial Average |
9.76 |
|
Return on Equity |
10.92 |
Acceptable |
Industrial Average |
20.27 |
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 25.79%. 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 4.6%. 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 3.71%.
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 10.92%.
Trend of the average competitors in the same industry for last 5 years
Return on Assets Uptrend
Return on Equity Uptrend
LIQUIDITY : RISKY
LIQUIDITY RATIO
|
Current Ratio |
1.21 |
Acceptable |
Industrial Average |
2.17 |
|
Quick Ratio |
0.34 |
|
|
|
|
Cash Conversion Cycle |
63.01 |
|
|
|
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 1.21 times in 2013, decrease from 1.31 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 0.34 times in 2013,
increase from 0.32 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 64 days.
Trend of the average competitors in the same industry for last 5 years
Current Ratio Uptrend
LEVERAGE : ACCEPTABLE
LEVERAGE RATIO
|
Debt Ratio |
0.66 |
Acceptable |
Industrial Average |
0.47 |
|
Debt to Equity Ratio |
1.95 |
Risky |
Industrial Average |
0.88 |
|
Times Interest Earned |
19.91 |
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 19.92 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 0.66 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 Stable
ACTIVITY :
ACCEPTABLE
ACTIVITY RATIO
|
Fixed Assets Turnover |
4.01 |
Impressive |
Industrial Average |
- |
|
Total Assets Turnover |
0.81 |
Deteriorated |
Industrial Average |
1.79 |
|
Inventory Conversion Period |
340.66 |
|
|
|
|
Inventory Turnover |
1.07 |
Deteriorated |
Industrial Average |
4.10 |
|
Receivables Conversion Period |
98.49 |
|
|
|
|
Receivables Turnover |
3.71 |
Satisfactory |
Industrial Average |
4.54 |
|
Payables Conversion Period |
376.14 |
|
|
|
The company's Account Receivable Ratio is calculated as 3.71 and 5.44 in
2013 and 2012 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 2013
decreased from 2012. 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 274 days at the
end of 2012 to 341 days at the end of 2013. This represents a negative trend.
And Inventory turnover has decreased from 1.33 times in year 2012 to 1.07 times
in year 2013.
The company's Total Asset Turnover is calculated as 0.81 times and 1.07
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.63.65 |
|
|
1 |
Rs.99.14 |
|
Euro |
1 |
Rs.77.60 |
INFORMATION DETAILS
|
Analysis Done by
: |
KAR |
|
|
|
|
Report Prepared
by : |
TPT |
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.