MIRA INFORM REPORT
|
Report Date : |
28.06.2014 |
IDENTIFICATION DETAILS
|
Name : |
NSST ENTERPRISE
CO., LTD. |
|
|
|
|
Registered Office : |
39/5 Moo 2,
T. Namai, A. Ladlumkaew, Pathumthani
12000 |
|
|
|
|
Country : |
Thailand |
|
|
|
|
Financials (as on) : |
31.12.2013 |
|
|
|
|
Date of Incorporation : |
02.11.1998 |
|
|
|
|
Com. Reg. No.: |
0105541068567 [Former
: 1027/2541] |
|
|
|
|
Legal Form : |
Private
Limited Company |
|
|
|
|
Line of Business : |
engaged
in importing and distributing Paper
and Paper Packaging Products,
Including Cardboard, Newsprint,
Paper Box, Paper
Bag, Paper Cup
& Lid Mainly
Supply to Printing
as well as Packaging Industries.
|
|
|
|
|
No of Employees : |
22 |
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 – March 31, 2014
|
Country Name |
Previous Rating (31.12.2013) |
Current Rating (31.03.2014) |
|
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
NSST ENTERPRISE
CO., LTD.
SUMMARY
BUSINESS
ADDRESS : 39/5
MOO 2, T. NAMAI,
A. LADLUMKAEW,
PATHUMTHANI 12000,
THAILAND
TELEPHONE : [66] 2150-5898
FAX :
[66] 2150-5899
E-MAIL
ADDRESS : nsst_ent@yahoo.com
REGISTRATION
ADDRESS : SAME
AS BUSINESS ADDRESS
ESTABLISHED
: 1998
REGISTRATION
NO. : 0105541068567 [Former
: 1027/2541]
TAX
ID NO. : 3011972922
CAPITAL REGISTERED : BHT. 5,000,000
CAPITAL PAID-UP : BHT.
5,000,000
SHAREHOLDER’S PROPORTION : THAI
: 100%
FISCAL YEAR CLOSING DATE : DECEMBER 31
LEGAL
STATUS : PRIVATE LIMITED
COMPANY
EXECUTIVE : MR.
NARIN SRIVANASONT, THAI
MANAGING DIRECTOR
NO.
OF STAFF : 22
LINES
OF BUSINESS : PAPER
AND PAPER PACKAGING
PRODUCTS IMPORTER, DISTRIBUTOR AND SERVICE PROVIDER
CORPORATE
PROFILE
OPERATING
TREND : STABLE
PRESENT
SITUATION : OPERATING NORMALLY
REPUTATION : GOOD
WITH BUSINESS ENGAGEMENT
MANAGEMENT
STANDARD : MANAGEMENT WITH
FAIR PERFORMANCE
HISTORY
The subject was
established on November
2, 1998 as
a private limited
company under the registered name NSST ENTERPRISE CO., LTD.,
by Thai groups,
with the business
objective to supply papers
and paper packaging products
to domestic market.
It currently employs
22 staff.
The subject’s registered
address was initially
at 71 Charoenkrung 39 Rd.,
Siphya, Bangrak, Bangkok
10500.
On March 28,
2000, the subject’s
registered address was
moved to 6/8-9
Moo 5, Kingkaew Rd., T. Rajathewa, A. Bangplee, Samutprakarn
10540, and was finally
relocated to 39/5
Moo 2, T. Namai,
A. Ladlumkaew, Pathumthani 12000
on May 30,
2014, and this
is the subject’s current operating
address.
THE BOARD
OF DIRECTOR
|
Name |
|
Nationality |
Age |
|
|
|
|
|
|
Mr. Narin Srivanasont |
[x] |
Thai |
44 |
|
Ms. Suchada Utsahakij-amnuay |
|
Thai |
45 |
|
Mr. Sitthichoke Hongthong |
|
Thai |
42 |
AUTHORIZED
PERSON
Only the mentioned
director [x] signs
on behalf of
the subject with
company’s affixed.
MANAGEMENT
Mr. Narin Srivanasont
is the Managing
Director.
He is Thai
nationality with the
age of 44
years old.
BUSINESS
OPERATIONS
The subject is
engaged in importing
and distributing paper
and paper packaging products,
including cardboard, newsprint,
paper box, paper
bag, paper cup
& lid mainly
supply to printing
as well as packaging industries.
PURCHASE
Most of the
products are purchased
from local suppliers,
the remaining is
imported from Sweden,
Russia, Hong Kong,
Taiwan and Republic
of China.
MAJOR SUPPLIER
Holmen AB. : Sweden
SALES [LOCAL]
100% of the
products is sold
and serviced locally
by wholesale to
traders and manufacturers.
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
T/T.
BANKING
Bangkok Bank Public
Co., Ltd.
EMPLOYMENT
The subject currently
employs 22 staff.
LOCATION DETAILS
The premise is
owned for operating
office and warehouse
at the heading
address. Premise is
located in provincial, on the
outskirts of Bangkok.
COMMENT
The
subject was formed in
1998 as an
importer and distributor of papers
and paper packaging
products.
The
products are varies
for both consumer
and commercial markets.
Demand has constantly
improved from various
industries. Its business
outlook remains in
good condition.
FINANCIAL
INFORMATION
The capital was registered
at Bht. 2,000,000 divided
into 100 shares of Bht. 20,000
each with fully
paid.
On March 28, 2000, the
capital was increased
to Bht. 5,000,000
divided into 250
shares of Bht.
20,000 each with
fully paid.
THE SHAREHOLDERS
LISTED WERE : [as at April
30, 2014]
|
NAME |
HOLDING |
% |
|
|
|
|
|
Mr. Narin Srivanasont Nationality: Thai Address : 74
Soi Charoenkrung 39,
Siphya,
Bangrak, Bangkok |
145 |
58.00 |
|
Mr. Sitthichoke Hongthong Nationality: Thai Address : 38
Ladprao 80 Rd.,
Wangthonglang, Bangkapi, Bangkok |
30 |
12.00 |
|
Ms. Pornthip Srivanasont Nationality: Thai Address : 71
Soi Charoenkrung 39,
Siphya,
Bangrak, Bangkok |
25 |
10.00 |
|
Mrs. Yenchit Anankhaporn Nationality: Thai Address : 10-12
Chalermkhet Rd., Wad
Thepsirin,
Pomprab, Bangkok |
20 |
8.00 |
|
Ms. Suchada Utsahakij-amnuay Nationality: Thai Address : 9/1
Moo 3, Seyhakij 1
Rd., Omnoi,
Krathumbaen, Samutsakorn |
15 |
6.00 |
|
Ms. Narisra Srivanasont Nationality: Thai Address : 71
Soi Charoenkrung 39,
Siphya,
Bangrak, Bangkok |
15 |
6.00 |
Total Shareholders : 6
Share Structure
[as at April
30, 2014]
|
Nationality |
Shareholders |
No. of Share |
% Shares |
|
|
|
|
|
|
Thai |
6 |
250 |
100.00 |
|
Foreign |
- |
- |
- |
|
Total |
6 |
250 |
100.00 |
NAME OF
AUDITOR & CERTIFIED
PUBLIC ACCOUNTANT NO. :
Mrs. Dhattaya Parivisuth No.
4415
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 |
3,747,870.63 |
4,458,865.92 |
1,449,278.45 |
|
Trade Accounts Receivable
|
20,285,225.19 |
10,591,839.27 |
6,530,766.05 |
|
Goods for Sales |
35,394,092.31 |
32,040,543.79 |
22,988,511.46 |
|
Other Current Assets
|
82,382.93 |
364,850.01 |
221,837.59 |
|
|
|
|
|
|
Total Current Assets
|
59,509,571.06 |
47,456,098.99 |
31,190,393.55 |
|
|
|
|
|
|
Cash at Bank
pledged as a
Collateral |
1,585,433.03 |
1,550,887.02 |
1,514,850.00 |
|
Fixed Assets |
1,406,391.00 |
1,776,424.00 |
2,180,774.00 |
|
Other Non-current Assets |
305,036.35 |
402,184.35 |
396,086.35 |
|
Total Assets |
62,806,431.44 |
51,185,594.36 |
35,282,103.90 |
LIABILITIES &
SHAREHOLDERS’ EQUITY [BAHT]
|
Current Liabilities |
2013 |
2012 |
2011 |
|
|
|
|
|
|
Short-term Loan from Financial Institutions |
24,579,681.79 |
21,764,924.15 |
16,482,894.14 |
|
Trade Accounts Payable |
14,514,846.29 |
2,028,912.51 |
191,180.11 |
|
Current Portion of
Long-term Loan |
50,000.00 |
41,000.00 |
374,000.00 |
|
Loan from Director-Non Interest
|
11,200,000.00 |
16,700,000.00 |
7,200,000.00 |
|
Accrued Income Tax |
157,183.42 |
- |
- |
|
Other Current Liabilities |
823,458.75 |
286,617.89 |
375,469.16 |
|
|
|
|
|
|
Total Current Liabilities |
51,325,170.25 |
40,821,454.55 |
24,623,543.41 |
|
|
|
|
|
|
Long-term Loan, Net
of Current Portion |
57,247.77 |
111,047.90 |
970,331.96 |
|
Total Liabilities |
51,382,418.02 |
40,932,502.45 |
25,593,875.37 |
|
|
|
|
|
|
Shareholders' Equity |
|
|
|
|
|
|
|
|
|
Share capital : Baht 20,000
value authorized, issued
and fully paid share
capital 250 shares |
5,000,000.00 |
5,000,000.00 |
5,000,000.00 |
|
|
|
|
|
|
Capital Paid |
5,000,000.00 |
5,000,000.00 |
5,000,000.00 |
|
Retained Earning - Unappropriated |
6,424,013.42 |
5,253,091.91 |
4,688,228.53 |
|
Total Shareholders' Equity |
11,424,013.42 |
10,253,091.91 |
9,688,228.53 |
|
Total Liabilities &
Shareholders' Equity |
62,806,431.44 |
51,185,594.36 |
35,282,103.90 |
PROFIT &
LOSS ACCOUNT
|
Revenue |
2013 |
2012 |
2011 |
|
|
|
|
|
|
Sales Income |
89,363,802.47 |
77,590,505.01 |
76,348,372.81 |
|
Services Income |
197,875.00 |
779,075.00 |
561,275.00 |
|
Gain on Disposal of Assets |
- |
142,415.11 |
- |
|
Gain on Exchange Rate |
193,180.38 |
142,415.11 |
- |
|
Interest Income |
- |
- |
26,069.27 |
|
Other Income |
62,940.51 |
49,081.58 |
1,001.14 |
|
Total Revenues |
89,817,798.36 |
78,703,491.81 |
76,936,718.22 |
|
Expenses |
|
|
|
|
|
|
|
|
|
Cost of Goods
Sold & Services
|
77,747,264.34 |
68,003,425.99 |
67,797,897.69 |
|
Selling Expenses |
44,770.00 |
148,268.92 |
184,321.91 |
|
Administrative Expenses |
9,165,843.39 |
8,418,969.47 |
8,931,761.60 |
|
Total Expenses |
86,957,877.73 |
76,570,664.38 |
76,913,981.20 |
|
|
|
|
|
|
Profit /[Loss] before Financial Costs & Income Tax |
2,859,920.63 |
2,132,827.43 |
22,737.02 |
|
Financial Costs |
[1,515,600.65] |
[1,567,964.05] |
[1,417,074.93] |
|
|
|
|
|
|
Profit /[Loss] before Income Tax |
1,344,319.98 |
564,863.38 |
[1,394,337.91] |
|
Income Tax |
[173,398.47] |
- |
- |
|
Net Profit / [Loss] |
1,170,921.51 |
564,863.38 |
[1,394,337.91] |
FINANCIAL
ANALYSIS
|
ITEM |
UNIT |
2013 |
2012 |
2011 |
|
|
|
|
|
|
|
LIQUIDITY RATIO |
|
|
|
|
|
CURRENT RATIO |
TIMES |
1.16 |
1.16 |
1.27 |
|
QUICK RATIO |
TIMES |
0.47 |
0.37 |
0.32 |
|
|
|
|
|
|
|
ACTIVITY RATIO |
|
|
|
|
|
FIXED ASSETS TURNOVER |
TIMES |
63.68 |
44.12 |
35.27 |
|
TOTAL ASSETS TURNOVER |
TIMES |
1.43 |
1.53 |
2.18 |
|
INVENTORY CONVERSION PERIOD |
DAYS |
166.16 |
171.97 |
123.76 |
|
INVENTORY TURNOVER |
TIMES |
2.20 |
2.12 |
2.95 |
|
RECEIVABLES CONVERSION PERIOD |
DAYS |
82.67 |
49.33 |
30.99 |
|
RECEIVABLES TURNOVER |
TIMES |
4.42 |
7.40 |
11.78 |
|
PAYABLES CONVERSION PERIOD |
DAYS |
68.14 |
10.89 |
1.03 |
|
CASH CONVERSION CYCLE |
DAYS |
180.69 |
210.41 |
153.73 |
|
|
|
|
|
|
|
PROFITABILITY
RATIO |
|
|
|
|
|
COST OF GOODS SOLD |
% |
86.81 |
86.77 |
88.15 |
|
SELLING & ADMINISTRATION |
% |
10.28 |
10.93 |
11.85 |
|
INTEREST |
% |
1.69 |
2.00 |
1.84 |
|
GROSS PROFIT MARGIN |
% |
13.48 |
13.65 |
11.88 |
|
NET PROFIT MARGIN BEFORE EX. ITEM |
% |
3.19 |
2.72 |
0.03 |
|
NET PROFIT MARGIN |
% |
1.31 |
0.72 |
(1.81) |
|
RETURN ON EQUITY |
% |
10.25 |
5.51 |
(14.39) |
|
RETURN ON ASSET |
% |
1.86 |
1.10 |
(3.95) |
|
EARNING PER SHARE |
BAHT |
4,683.69 |
2,259.45 |
(5,577.35) |
|
|
|
|
|
|
|
LEVERAGE RATIO |
|
|
|
|
|
DEBT RATIO |
TIMES |
0.82 |
0.80 |
0.73 |
|
DEBT TO EQUITY RATIO |
TIMES |
4.50 |
3.99 |
2.64 |
|
TIME INTEREST EARNED |
TIMES |
1.89 |
1.36 |
0.02 |
|
|
|
|
|
|
|
ANNUAL GROWTH |
|
|
|
|
|
SALES GROWTH |
% |
14.28 |
1.90 |
|
|
OPERATING PROFIT |
% |
34.09 |
9,280.42 |
|
|
NET PROFIT |
% |
107.29 |
140.51 |
|
|
FIXED ASSETS |
% |
(20.83) |
(18.54) |
|
|
TOTAL ASSETS |
% |
22.70 |
45.08 |
|
ANNUAL GROWTH :
IMPRESSIVE
An annual sales growth is 14.28%. Turnover has increased from THB 78,369,580.01
in 2012 to THB 89,561,677.47 in 2013. While net profit has increased from THB
564,863.38 in 2012 to THB 1,170,921.51 in 2013. And total assets has increased
from THB 51,185,594.36 in 2012 to THB 62,806,431.44 in 2013.
PROFITABILITY : RISKY
PROFITABILITY
RATIO
|
Gross Profit Margin |
13.48 |
Deteriorated |
Industrial Average |
33.30 |
|
Net Profit Margin |
1.31 |
Acceptable |
Industrial Average |
2.35 |
|
Return on Assets |
1.86 |
Deteriorated |
Industrial Average |
6.39 |
|
Return on Equity |
10.25 |
Acceptable |
Industrial Average |
18.54 |
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 13.48%. 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 1.31%.
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 1.86%.
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 10.25%.
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 |
1.16 |
Acceptable |
Industrial Average |
1.79 |
|
Quick Ratio |
0.47 |
|
|
|
|
Cash Conversion Cycle |
180.69 |
|
|
|
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 1.16 times in 2013, same
figure as 1.16 times in
2012, 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 0.47 times in 2013,
increased from 0.37 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 181 days.
Trend of the
average competitors in the same industry for last 5 years
Current Ratio Uptrend
LEVERAGE :
SATISFACTORY
LEVERAGE RATIO
|
Debt Ratio |
0.82 |
Impressive |
Industrial Average |
0.85 |
|
Debt to Equity Ratio |
4.50 |
Risky |
Industrial Average |
2.59 |
|
Times Interest Earned |
1.89 |
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 1.89 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 0.82 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 :
ACCEPTABLE
ACTIVITY RATIO
|
Fixed Assets Turnover |
63.68 |
Impressive |
Industrial Average |
- |
|
Total Assets Turnover |
1.43 |
Deteriorated |
Industrial Average |
4.41 |
|
Inventory Conversion Period |
166.16 |
|
|
|
|
Inventory Turnover |
2.20 |
Deteriorated |
Industrial Average |
15.00 |
|
Receivables Conversion Period |
82.67 |
|
|
|
|
Receivables Turnover |
4.42 |
Acceptable |
Industrial Average |
7.43 |
|
Payables Conversion Period |
68.14 |
|
|
|
The company's Account Receivable Ratio is calculated as 4.42 and 7.40 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 decreased from 172 days at the
end of 2012 to 166 days at the end of 2013. This represents a positive trend.
And Inventory turnover has increased from 2.12 times in year 2012 to 2.2 times
in year 2013.
The company's Total Asset Turnover is calculated as 1.43 times and 1.53
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 |
|
UK Pound |
1 |
Rs.102.40 |
|
Euro |
1 |
Rs.81.88 |
INFORMATION DETAILS
|
Analysis Done by
: |
KAR |
|
|
|
|
Report Prepared
by : |
MNL |
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.