|
Report Date : |
22.01.2014 |
IDENTIFICATION DETAILS
|
Name : |
EASTMAN CHEMICAL
LTD. |
|
|
|
|
Formerly Known As : |
EASTMAN CHEMICAL INTERNATIONAL LTD |
|
|
|
|
Registered Office : |
24, Raffles Place, 15-00 Clifford Centre, 048621, |
|
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|
|
Country : |
Singapore |
|
|
|
|
Financials (as on) : |
31.12.2011 |
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|
Date of Incorporation : |
11.04.1977 |
|
|
|
|
Com. Reg. No.: |
S77FC2640-L |
|
|
|
|
Legal Form : |
Foreign Company |
|
|
|
|
Line of Business : |
Trading of chemicals and chemical products |
|
|
|
|
No. of Employees : |
80 |
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, 2013
|
Country Name |
Previous Rating (30.06.2013) |
Current Rating (30.09.2013) |
|
Singapore |
A1 |
A1 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
|
Moderate |
B1 |
|
High |
B2 |
|
Very High |
C1 |
|
Restricted |
C2 |
|
Off-credit |
D |
SINGAPORE - ECONOMIC
OVERVIEW
Singapore has a highly developed and successful free-market economy. It enjoys a remarkably open and corruption-free environment, stable prices, and a per capita GDP higher than that of most developed countries. The economy depends heavily on exports, particularly in consumer electronics, information technology products, pharmaceuticals, and on a growing financial services sector. Real GDP growth averaged 8.6% between 2004 and 2007. The economy contracted 0.8% in 2009 as a result of the global financial crisis, but rebounded 14.8% in 2010, on the strength of renewed exports, before slowing to 5.2% in 2011 and 1.3% in 2012, largely a result of soft demand for exports during the second European recession. Over the longer term, the government hopes to establish a new growth path that focuses on raising productivity, which has sunk to an average of about 1.0% in the last decade. Singapore has attracted major investments in pharmaceuticals and medical technology production and will continue efforts to establish Singapore as Southeast Asia's financial and high-tech hub
|
Source
: CIA |
|
REGISTRATION NO. |
: |
S77FC2640-L |
|
COMPANY NAME |
: |
EASTMAN CHEMICAL LTD. |
|
FORMER NAME |
: |
EASTMAN CHEMICAL INTERNATIONAL LTD (31/12/1992) |
|
INCORPORATION DATE |
: |
11/04/1977 |
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|
|
|
|
|
|
|
|
COMPANY STATUS |
: |
EXIST |
|
LEGAL FORM |
: |
FOREIGN |
|
LISTED STATUS |
: |
NO |
|
|
|
|
|
|
|
|
|
REGISTERED ADDRESS |
: |
24, RAFFLES PLACE, 15-00 CLIFFORD CENTRE, 048621, SINGAPORE. |
|
BUSINESS ADDRESS |
: |
9TH NORTH BOUNA VISTA DRIVE # 05-01, METROPOLIS TOWER 1, 138588, SINGAPORE. |
|
TEL.NO. |
: |
65-68313148 |
|
FAX.NO. |
: |
65-67344151 |
|
CONTACT PERSON |
: |
DAVID AARON GOLDEN ( DIRECTOR ) |
|
|
|
|
|
|
|
|
|
PRINCIPAL ACTIVITY |
: |
TRADING OF CHEMICALS AND CHEMICAL PRODUCTS |
|
AUTHORISED CAPITAL |
: |
USD 200,000.00 |
|
|
|
|
|
|
|
|
|
SALES |
: |
SGD 267,149,658 [2011] |
|
NET WORTH |
: |
N/A |
|
|
|
|
|
STAFF STRENGTH |
: |
80 [2013] |
|
LITIGATION |
: |
CLEAR |
|
FINANCIAL CONDITION |
: |
LIMITED |
|
PAYMENT |
: |
AVERAGE |
|
MANAGEMENT CAPABILITY |
: |
AVERAGE |
|
|
|
|
|
COMMERCIAL RISK |
: |
N/A |
|
CURRENCY EXPOSURE |
: |
N/A |
|
GENERAL REPUTATION |
: |
SATISFACTORY |
|
INDUSTRY OUTLOOK |
: |
AVERAGE GROWTH |
The Subject is principally engaged in the (as a / as an) trading of chemicals and chemical products.
Share Capital History
|
Date |
Authorised Shared Capital |
Issue & Paid Up Capital |
|
20/01/2014 |
USD 200,000.00 |
USD 0.00 |
No shareholders was found in our databank at the time of investigation
DIRECTOR 1
|
Name Of Subject |
: |
MR. DAVID AARON GOLDEN |
|
Address |
: |
1013, PARHAM PLACE, KINGSPORT, TN, 37660, UNITED STATES. |
|
IC / PP No |
: |
423869351 |
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|
|
|
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|
|
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Nationality |
: |
AMERICAN |
|
Date of Appointment |
: |
23/05/2012 |
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|
1) |
Name of Subject |
: |
DAVID AARON GOLDEN |
|
|
Position |
: |
DIRECTOR |
|
|
|
|
|
No Auditor found in our databank
|
1) |
Company Secretary |
: |
ANGELA TEO BEE LUANG |
|
|
IC / PP No |
: |
S0017677Z |
|
|
|
|
|
|
|
Address |
: |
14, GREENLEAF DRIVE, BAN GUAN PARK, 279528, SINGAPORE. |
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|
|
Remarks |
: |
AGENT |
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|
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|
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|
2) |
Company Secretary |
: |
SIEW BOON HIM |
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|
IC / PP No |
: |
S2143789A |
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|
|
|
|
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Address |
: |
7, MARYMOUNT TERRACE, 05-06, TRESALVEO, 573963, SINGAPORE. |
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|
Remarks |
: |
AGENT |
|
|
|
|
|
No Banker found in our databank.
No encumbrance was found in our databank at the time of investigation.
* A check has been conducted in our databank againt the Subject whether the
subject has been involved in any litigation.
No legal action was found in our databank.
No winding up petition was found in our databank.
|
SOURCES OF RAW MATERIALS: |
||
|
Local |
: |
N/A |
|
Overseas |
: |
N/A |
|
|
|
|
The Subject refused to disclose any information regarding its trade suppliers.
|
OVERALL PAYMENT HABIT |
||||||||||||||
|
Prompt 0-30 Days |
[ |
|
] |
|
Good 31-60 Days |
[ |
|
] |
|
Average 61-90 Days |
[ |
X |
] |
|
|
Fair 91-120 Days |
[ |
|
] |
|
Poor >120 Days |
[ |
|
] |
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Local |
: |
N/A |
|||
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|
|||
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Overseas |
: |
N/A |
|||
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|||
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Credit Term |
: |
N/A |
|||
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Payment Mode |
: |
N/A |
|||
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The Subject refused to disclose any information regarding its clientele.
|
Goods Traded |
: |
CHEMICALS AND CHEMICAL PRODUCTS
|
|
|
|
|
|
|
Total Number of Employees: |
|||||||||
|
YEAR |
2013 |
|
|||||||
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|
|||||||||
|
GROUP |
N/A |
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|
|
|
|
|
COMPANY |
80 |
|
|
|
|
|
|
|
|
|
Branch |
: |
NO
|
Other Information:
The Subject is principally engaged in the (as a / as an) trading of chemicals
and chemical products.
The Subject deals with chemicals.
The Subject however refused to disclose further information on its operation.
CURRENT INVESTIGATION
|
Latest fresh investigations carried out on the Subject indicated that :
|
Telephone Number Provided By Client |
: |
65 68313100 |
|
Current Telephone Number |
: |
65-68313148 |
|
Match |
: |
YES |
|
|
|
|
|
Address Provided by Client |
: |
9TH NORTH BOUNA VISTA DRIVE # 05-01, METROPOLIS TOWER 1, SINGAPORE,138588 |
|
Current Address |
: |
9TH NORTH BOUNA VISTA DRIVE # 05-01, METROPOLIS TOWER 1, 138588, SINGAPORE. |
|
Match |
: |
YES |
|
|
|
|
Other Investigations
we contacted one of the staff from the Subject and she provided some
information.
FINANCIAL ANALYSIS
|
|
Profitability |
|
|
|
|
|
|
|
Return on Shareholder Funds |
: |
Unfavourable |
[ |
(0.00%) |
] |
|
|
Return on Net Assets |
: |
Unfavourable |
[ |
(0.00%) |
] |
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|
|
|
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|
|
The unfavourable return on shareholders' funds could indicate that the Subject was inefficient in utilising its assets to generate returns. |
||||||
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Working Capital Control |
|
|
|
|
|
|
|
Stock Ratio |
: |
Favourable |
[ |
9 Days |
] |
|
|
Debtor Ratio |
: |
Favourable |
[ |
43 Days |
] |
|
|
Creditors Ratio |
: |
Favourable |
[ |
1 Days |
] |
|
|
|
|
|
|
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|
The Subject's stocks were moving fast thus reducing its holding cost. This had reduced funds being tied up in stocks. The favourable debtors' days could be due to the good credit control measures implemented by the Subject. The Subject had a favourable creditors' ratio where the Subject could be taking advantage of the cash discounts and also wanting to maintain goodwill with its creditors. |
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Liquidity |
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|
Liquid Ratio |
: |
Acceptable |
[ |
0.93 Times |
] |
|
|
Current Ratio |
: |
Unfavourable |
[ |
1.00 Times |
] |
|
|
|
|
|
|
|
|
|
|
The Subject's liquid ratio was slightly low. This could indicate that the Subject's working capital was slightly deficient. The Subject will have to improve its liquidity position either by obtaining short term financing or increase its paid up capital so that it can meet all its short term obligations as and when they fall due. |
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Solvency |
|
|
|
|
|
|
|
Interest Cover |
: |
Nil |
[ |
0.00 Times |
] |
|
|
Gearing Ratio |
: |
Favourable |
[ |
0.00 Times |
] |
|
|
|
|
|
|
|
|
|
|
The Subject's interest cover was nil as it did not pay any interest during the year. The Subject had no gearing and hence it had virtually no financial risk. The Subject was financed by its shareholders' funds and internally generated fund. During the economic downturn, the Subject, having a zero gearing, will be able to compete better than those which are highly geared in the same industry. |
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|
Overall Assessment : |
|
|
|
|
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|
|
The Subject's liquidity was at an acceptable range. If the Subject is able to obtain further short term financing, it should be able to meet all its short term obligations. The Subject did not make any interest payment during the year. The Subject was dependent on its shareholders' funds to finance its business needs. The Subject was a zero gearing company, it was solely dependant on its shareholders to provide funds to finance its business. The Subject has good chance of getting loans, if the needs arises. |
||||||
|
|
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|
|
|
|
|
|
Overall financial condition of the Subject : LIMITED |
||||||
|
SINGAPORE ECONOMIC / INDUSTRY OUTLOOK |
|
Major Economic Indicators : |
2008 |
2009 |
2010 |
2011 |
2012 |
|
|
|
|
|
|
|
|
Population (Million) |
4.84 |
4.98 |
5.08 |
5.18 |
5.31 |
|
Gross Domestic Products ( % ) |
1.5 |
(0.8) |
14.5 |
4.9 |
1.3 |
|
Consumer Price Index |
6.6 |
0.6 |
2.8 |
5.2 |
4.6 |
|
Total Imports (Million) |
450,892.6 |
356,299.3 |
423,221.8 |
459,655.1 |
474,554.0 |
|
Total Exports (Million) |
476,762.2 |
391,118.1 |
478,840.7 |
514,741.2 |
510,329.0 |
|
|
|
|
|
|
|
|
Unemployment Rate (%) |
2.2 |
3.2 |
2.2 |
2.1 |
2.0 |
|
Tourist Arrival (Million) |
10.12 |
9.68 |
11.64 |
13.17 |
14.37 |
|
Hotel Occupancy Rate (%) |
81.0 |
75.8 |
85.6 |
86.5 |
86.4 |
|
Cellular Phone Subscriber (Million) |
1.31 |
1.37 |
1.43 |
1.50 |
1.52 |
|
|
|
|
|
|
|
|
Registration of New Companies (No.) |
25,327 |
26,414 |
29,798 |
32,317 |
31,892 |
|
Registration of New Companies (%) |
(2.2) |
4.3 |
12.8 |
8.5 |
(1.3) |
|
Liquidation of Companies (No.) |
10,493 |
22,393 |
15,126 |
19,005 |
17,218 |
|
Liquidation of Companies (%) |
13.7 |
113.4 |
(32.5) |
25.6 |
9.4 |
|
|
|
|
|
|
|
|
Registration of New Businesses (No.) |
24,850 |
26,876 |
23,978 |
23,494 |
24,788 |
|
Registration of New Businesses (%) |
0.36 |
8.15 |
(10.78) |
2.02 |
5.51 |
|
Liquidation of Businesses (No.) |
21,150 |
23,552 |
24,211 |
23,005 |
22,489 |
|
Liquidation of Businesses (%) |
(0.8) |
11.4 |
2.8 |
(5) |
(2.2) |
|
|
|
|
|
|
|
|
Bankruptcy Orders (No.) |
2,326 |
2,058 |
1,537 |
1,527 |
1,748 |
|
Bankruptcy Orders (%) |
(15.9) |
(11.5) |
(25.3) |
(0.7) |
14.5 |
|
Bankruptcy Discharges (No.) |
1,500 |
3,056 |
2,252 |
1,391 |
1,881 |
|
Bankruptcy Discharges (%) |
(7.7) |
103.7 |
(26.3) |
(38.2) |
35.2 |
|
|
|
|
|
|
|
|
INDUSTRIES ( % of Growth ) : |
|
|
|
|
|
|
Agriculture |
|
|
|
|
|
|
Production of Principal Crops |
(0.32) |
3.25 |
(0.48) |
4.25 |
3.64 |
|
Fish Supply & Wholesale |
(6.31) |
(1.93) |
(10.5) |
12.10 |
(0.5) |
|
|
|
|
|
|
|
|
Manufacturing * |
74.6 |
71.5 |
92.8 |
100.0 |
100.3 |
|
Food, Beverages & Tobacco |
94.8 |
90.4 |
96.4 |
100.0 |
103.5 |
|
Textiles |
180.1 |
145.9 |
122.1 |
100.0 |
104.0 |
|
Wearing Apparel |
334.6 |
211.0 |
123.3 |
100.0 |
92.1 |
|
Leather Products & Footwear |
128.2 |
79.5 |
81.8 |
100.0 |
98.6 |
|
Wood & Wood Products |
132.0 |
101.4 |
104.0 |
100.0 |
95.5 |
|
Paper & Paper Products |
101.0 |
95.4 |
106.1 |
100.0 |
97.4 |
|
Printing & Media |
118.2 |
100.9 |
103.5 |
100.0 |
93.0 |
|
Crude Oil Refineries |
113.1 |
96.4 |
95.6 |
100.0 |
99.4 |
|
Chemical & Chemical Products |
84.5 |
80.3 |
97.6 |
100.0 |
100.5 |
|
Pharmaceutical Products |
43.7 |
49.1 |
75.3 |
100.0 |
109.7 |
|
Rubber & Plastic Products |
120.1 |
101.2 |
112.3 |
100.0 |
96.5 |
|
Non-metallic Mineral |
96.5 |
91.9 |
92.5 |
100.0 |
98.2 |
|
Basic Metals |
109.8 |
92.6 |
102.2 |
100.0 |
90.6 |
|
Fabricated Metal Products |
101.3 |
90.8 |
103.6 |
100.0 |
104.3 |
|
Machinery & Equipment |
65.0 |
57.3 |
78.5 |
100.0 |
112.9 |
|
Electrical Machinery |
81.7 |
86.8 |
124.1 |
100.0 |
99.3 |
|
Electronic Components |
93.1 |
85.2 |
113.6 |
100.0 |
90.6 |
|
Transport Equipment |
102.0 |
96.0 |
94.0 |
100.0 |
106.3 |
|
|
|
|
|
|
|
|
Construction |
45.90 |
(36.9) |
14.20 |
20.50 |
28.70 |
|
Real Estate |
(11.2) |
1.4 |
21.3 |
25.4 |
31.9 |
|
|
|
|
|
|
|
|
Services |
|
|
|
|
|
|
Electricity, Gas & Water |
(1.3) |
1.70 |
4.00 |
7.00 |
6.30 |
|
Transport, Storage & Communication |
11.60 |
3.90 |
12.80 |
7.40 |
5.30 |
|
Finance & Insurance |
(5.9) |
(16.4) |
(0.4) |
8.90 |
0.50 |
|
Government Services |
17.40 |
4.50 |
9.70 |
6.90 |
6.00 |
|
Education Services |
0.50 |
0.10 |
(0.9) |
(1.4) |
0.30 |
|
|
|
|
|
|
|
|
* Based on Index of Industrial Production (2011 = 100) |
|
|
|
|
|
INDUSTRY ANALYSIS
|
|
INDUSTRY : |
TRADING |
|
|
|
|
|
|
|
The wholesale and retail trade sector contracted by 1.5% in the fourth quarter of 2012, extending the 0.2% decline in the preceding quarter. For the whole of 2012, the sector declined by 0.7%, reversing the 1.6% growth in 2011. The sector was weighed down primarily by the wholesale trade segment. In 2012, the wholesale trade segment contracted by 1.0%, a reversal from the 1.4% growth in 2011. Growth of the retail trade segment also moderated to 2.0%, from 3.2% in the year 2011. |
|
|
|
|
|
The domestic wholesale trade index grew by 1.2% in the fourth quarter of 2012, an improvement from the 5.4% decline in the third quarter. This was partly due to an increase in the sales of chemicals & chemical products and ship chandlers & bunkering. For the full year of 2012, the domestic wholesale trade index contracted by 2.2%, extending the 1.7% decline in 2011. The foreign wholesale trade index grew by 8.6% in the fourth quarter, an increase from the 6.6% growth in the third quarter. The expansion was partly due to resilient sales of petroleum & petroleum products. For the whole of 2012, the foreign wholesale trade index expanded by 9.1%, faster than the 4.3% increase in 2011. |
|
|
|
|
|
In the fourth quarter of 2012, retail sales volume declined by 2.0%, extending the 0.3% decline in the third quarter. Excluding motor vehicles, retail sales volume grew by 0.4%, a slight moderation compared to the 1.5% gain in the third quarter of 2012. The sales volume of motor vehicles fell by 11% in the fourth quarter of 2012, after contracting by 6.1% in the third quarter. The sales of several discretionary items also declined in the fourth quarter. Besides, the sales of optical goods & books in 2012 fell by 3.6%, while the sales of telecommunications apparatus & computers declined by 1.4%. |
|
|
|
|
|
For 2012 as a whole, retail sales volume grew by 1.3%, compared to the 2.0% expansion in 2011. Excluding motor vehicle sales, the increase in retail sales volume also moderated from 5.4% in 2011 to 1.7% in 2012. Medical goods & toiletries registered the largest increase (9.3%) in sales, followed by telecommunications apparatus & computers (6.9%). By contrast, the sales of watches & jewellery (-2.2%) and optical goods & books (-3.6%) declined. |
|
|
|
|
|
|
|
|
OVERALL INDUSTRY OUTLOOK : AVERAGE GROWTH |
|
|
|
|
|
PROFIT AND LOSS ACCOUNT
|
|
THE FINANCIAL STATEMENTS WERE PREPARED IN ACCORDANCE
WITH SINGAPORE FINANCIAL REPORTING STANDARDS. |
|
EASTMAN CHEMICAL LTD. |
|
Financial Year End |
2011-12-31 |
|
Months |
12 |
|
Consolidated Account |
Company |
|
Audited Account |
YES |
|
Unqualified Auditor's Report (Clean Opinion) |
YES |
|
Financial Type |
FULL |
|
Currency |
SGD |
|
|
|
|
TURNOVER |
267,149,658 |
|
Other Income |
1,951,561 |
|
|
---------------- |
|
Total Turnover |
269,101,219 |
|
Costs of Goods Sold |
(245,184,915) |
|
|
---------------- |
|
Gross Profit |
23,916,304 |
|
|
---------------- |
|
|
|
|
PROFIT/(LOSS) FROM OPERATIONS |
12,977,654 |
|
|
---------------- |
|
PROFIT/(LOSS) BEFORE TAXATION |
12,977,654 |
|
Taxation |
(1,957,476) |
|
|
---------------- |
|
PROFIT/(LOSS) AFTER TAXATION |
11,020,178 |
|
|
---------------- |
|
PROFIT/(LOSS) BEFORE EXTRAORDINARY ITEMS |
11,020,178 |
|
Extraordinary items |
(1,083,047) |
|
|
---------------- |
|
PROFIT/(LOSS) ATTRIBUTABLE TO SHAREHOLDERS |
9,937,131 |
|
RETAINED PROFIT/(LOSS) BROUGHT FORWARD |
|
|
|
---------------- |
|
PROFIT AVAILABLE FOR APPROPRIATIONS |
9,937,131 |
|
TRANSFER TO RESERVES - General |
(9,937,131) |
|
|
|
|
EASTMAN CHEMICAL LTD. |
|
ASSETS EMPLOYED: |
|
|
FIXED ASSETS |
54,660 |
|
|
|
|
LONG TERM INVESTMENTS/OTHER ASSETS |
|
|
Investments |
24,112 |
|
|
---------------- |
|
TOTAL LONG TERM INVESTMENTS/OTHER ASSETS |
24,112 |
|
|
|
|
|
---------------- |
|
TOTAL LONG TERM ASSETS |
78,772 |
|
|
|
|
CURRENT ASSETS |
|
|
Stocks |
6,499,213 |
|
Trade debtors |
31,670,951 |
|
Amount due from related companies |
53,095,961 |
|
Cash & bank balances |
71,880 |
|
Others |
20,302 |
|
|
---------------- |
|
TOTAL CURRENT ASSETS |
91,358,307 |
|
|
---------------- |
|
TOTAL ASSET |
91,437,079 |
|
|
============= |
|
|
|
|
CURRENT LIABILITIES |
|
|
Trade creditors |
361,472 |
|
Other creditors & accruals |
535,579 |
|
Other liabilities & accruals |
2,243,568 |
|
Amounts owing to related companies |
88,173,628 |
|
Other liabilities |
122,832 |
|
|
---------------- |
|
TOTAL CURRENT LIABILITIES |
91,437,079 |
|
|
---------------- |
|
NET CURRENT ASSETS/(LIABILITIES) |
(78,772) |
|
|
|
|
FINANCIAL RATIO |
|
EASTMAN CHEMICAL LTD. |
|
TYPES OF FUNDS |
|
|
Cash |
71,880 |
|
Net Liquid Funds |
71,880 |
|
Net Liquid Assets |
(6,577,985) |
|
Net Current Assets/(Liabilities) |
(78,772) |
|
Net Tangible Assets |
0 |
|
Net Monetary Assets |
(6,577,985) |
|
BALANCE SHEET ITEMS |
|
|
Total Borrowings |
0 |
|
Total Liabilities |
91,437,079 |
|
Total Assets |
91,437,079 |
|
Net Assets |
0 |
|
Net Assets Backing |
0 |
|
Shareholders' Funds |
0 |
|
Total Share Capital |
0 |
|
Total Reserves |
0 |
|
LIQUIDITY (Times) |
|
|
Cash Ratio |
0.00 |
|
Liquid Ratio |
0.93 |
|
Current Ratio |
1.00 |
|
WORKING CAPITAL CONTROL (Days) |
|
|
Stock Ratio |
9 |
|
Debtors Ratio |
43 |
|
Creditors Ratio |
1 |
|
SOLVENCY RATIOS (Times) |
|
|
Gearing Ratio |
0.00 |
|
Liabilities Ratio |
0.00 |
|
Times Interest Earned Ratio |
0.00 |
|
Assets Backing Ratio |
- |
|
PERFORMANCE RATIO (%) |
|
|
Operating Profit Margin |
4.86 |
|
Net Profit Margin |
4.13 |
|
Return On Net Assets |
0.00 |
|
Return On Capital Employed |
0.00 |
|
Return On Shareholders' Funds/Equity |
0.00 |
|
Dividend Pay Out Ratio (Times) |
0.00 |
|
NOTES TO ACCOUNTS |
|
|
Contingent Liabilities |
0 |
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.61.54 |
|
|
1 |
Rs.101.08 |
|
Euro |
1 |
Rs.83.38 |
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.