MIRA INFORM REPORT

 

 

Report Date :

07.03.2014

 

IDENTIFICATION DETAILS

 

Name :

THIEN LONG GROUP CORP

 

 

Registered Office :

Tan Tao Industrial Park Lot 6-8-10-12 Rd 3 Tan Tao Ward, Binh Tan Dist, Ho Chi Minh

 

 

Country :

Vietnam

 

 

Financials (as on) :

31.12.2012

 

 

Date of Incorporation :

21.11.2013

 

 

Legal Form :

Public Listed Company

 

 

Line of Business :

Manufacturer of Paper & Pulp Products

 

 

No. of Employees :

3,000

 

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

 

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

(30.06.2013)

Current Rating

(30.09.2013)

Vietnam

B1

B1

 

Risk Category

ECGC Classification

Insignificant

 

A1

Low

 

A2

Moderate

 

B1

High

 

B2

Very High

 

C1

Restricted

 

C2

Off-credit

 

D

 

 

VIETNAM - ECONOMIC OVERVIEW

 

Vietnam is a densely-populated developing country that has been transitioning from the rigidities of a centrally-planned economy since 1986. Vietnamese authorities have reaffirmed their commitment to economic modernization in recent years. Vietnam joined the World Trade Organization in January 2007, which has promoted more competitive, export-driven industries. Vietnam became an official negotiating partner in the Trans-Pacific Partnership trade agreement in 2010. Agriculture's share of economic output has continued to shrink from about 25% in 2000 to less than 20% in 2013, while industry's share increased from 36% to more than 42% in the same period. State-owned enterprises account for about 40% of GDP. Poverty has declined significantly, and Vietnam is working to create jobs to meet the challenge of a labor force that is growing by more than one million people every year. The global recession hurt Vietnam's export-oriented economy, with GDP in 2013 growing at 5%, the slowest rate of growth since 1999. In 2013, however, exports increased by more than 12%, year-on-year; several administrative actions brought the trade deficit back into balance. Between 2008 and 2011, Vietnam's managed currency, the dong, was devalued in excess of 20%, but its value remained relatively stable in 2013. Hanoi has oscillated between promoting growth and emphasizing macroeconomic stability in recent years. In February 2011, the government shifted from policies aimed at achieving a high rate of economic growth, which had stoked inflation, to those aimed at stabilizing the economy, through tighter monetary and fiscal control. Although Vietnam unveiled a broad, "three pillar" economic reform program in early 2012, proposing the restructuring of public investment, state-owned enterprises, and the banking sector, little perceptible progress has been made. Vietnam's economy continues to face challenges from an undercapitalized banking sector. Non-performing loans weigh heavily on banks and businesses.

 

Source : CIA

 

 

 

 

REGISTERED NAME & COMPANY SUMMARY

 

Company Details

Organization Name

:

THIEN LONG GROUP CORP

Address

:

Tan Tao Industrial Park Lot 6-8-10-12 Rd 3 Tan Tao Ward, Binh Tan Dist, Ho Chi Minh

Country

:

Vietnam

Phone (S)

:

[+84] 8-37505555

Facsimile

:

[+84] 8-37505577

Email

:

info@thienlonggroup.com

Website

:

http://www.thienlonggroup.com

Primary Business Activity

:

Manufacturer

Key Industry

:

Paper & Pulp Products

 

Key Facts

Registered Legal Address

:

Tan Tao Industrial Park Lot 6-8-10-12 Rd 3 Tan Tao Ward, Binh Tan Dist, Ho Chi Minh

Operational Address

:

Tan Tao Industrial Park Lot 6-8-10-12 Rd 3 Tan Tao Ward, Binh Tan Dist, Ho Chi Minh

Name History

:

Business Entity Name

Effective Date

THIEN LONG PEN CO LTD

26 Dec, 1996

THIEN LONG JSC

14 Mar, 2005

THIEN LONG GROUP CORP

28 Mar, 2008

Issuing Authority

:

Dept. of Planning & Investment - Ho Chi Minh

License Number

:

0301464830

License Status

:

License exists - Normal.

Legal Form - Category

:

Public Listed Company

Legal Form

:

Corporation

Legal Form - Abbreviation

:

CORP

Operational Status of Business

:

Normal

Date of Registration

:

21 Nov, 2013

Employees

:

3,000

Capital

:

US$ 11,120,723

 

 

DIRECTORS/MANAGEMENT

 

Key Person

Legal Title

:

Chairman

Name

:

Mr. Co Gia Tho

Nationality

:

Vietnamese

 

COMPANY MANAGEMENT

Management Listings

 

Name

Nationality

Job Description

Dept. / Division

1

Mr. Ho Ngoc Canh

Vietnamese

Deputy Managing Director

-

2

Mr. Truong Anh Hao

Vietnamese

Deputy Managing Director

-

3

Mr. Bui Van Huan

Vietnamese

Deputy Managing Director

-

4

Mr. Vo Van Thanh Nghia

Vietnamese

Managing Director

-

5

Mr. Phan Nhat Phuong

Vietnamese

Deputy Managing Director

-

6

Mr. Nguyen Dinh Tam

Vietnamese

Deputy Managing Director

-

Management Details - 1

Personal Unique Identifier

:

MI02869908

Name

:

Mr. Ho Ngoc Canh

 

Date of Birth

:

1977

Management Details - 2

Personal Unique Identifier

:

MI02869903

Name

:

Mr. Truong Anh Hao

 

Date of Birth

:

1973

Management Details - 3

Personal Unique Identifier

:

MI02869902

Name

:

Mr. Bui Van Huan

 

Date of Birth

:

1970

Management Details - 5

Personal Unique Identifier

:

MI02869901

Name

:

Mr. Phan Nhat Phuong

 

Date of Birth

:

1973

Management Details - 6

Personal Unique Identifier

:

MI02869900

Name

:

Mr. Nguyen Dinh Tam

 

Date of Birth

:

1966

 

COMPANY DIRECTORS

1

 

 

Personal Unique Identifier

:

MI02869907

Name

:

Mr. Co Gia Tho

Date of Birth

:

1958

Nationality

:

Vietnamese

2

 

 

Personal Unique Identifier

:

MI02869860

Name

:

Mr. Vo Van Thanh Nghia

Date of Birth

:

1956

Nationality

:

Vietnamese

 

 

NEGATIVE INFORMATION

 

REPUTATION

Reference checking for the purpose of establishing the THIEN LONG GROUP CORP's reputation within the respective industry failed to reveal any adverse information.

 

 

NEGA-SCAN - ADVERSE DATA MONITORING

 

 

DISHONORED CHECKS

 

No Record Found

 

 

DEBT

 

No Record Found

 

 

LITIGATION

 

No Record Found

 

 

PERFORMANCE DEFAULTS

 

No Record Found

 

 

ADVERSE LOCAL MEDIA COVERAGE / ADVERSE FILING HISTORY

 

No Record Found

 

 

 

 

SHARE & SHARE CAPITAL INFORMATION

 

CAPITAL (Currency: VND - Vietnam Dong)

Share Value

:

10,000

Authorized Capital

:

232,979,150,000

Paid-up Capital

:

232,979,150,000

Date

Authorized Capital - History

26 Dec, 1996

155,000,000,000

2012

232,979,150,000

 

SHAREHOLDERS

Total number of shareholders

:

Public shareholding traded via Stock Exchange

Total number of shares

:

23,297,915

 

Currency

:

VND - Vietnam Dong

 

No.

Shareholders

Country

Shares

Number

Amount (VND)

%

1

Public shareholding traded via Stock Exchange

n/a

13,976,422

139,764,220,000

59.99

2

Mr. Co Gia Tho

Vietnam

6,313,734

63,137,340,000

27.10

3

Mr. Co Ngan Binh

Vietnam

1,803,258

18,032,580,000

7.74

4

Mr. Co Gia Duc

Vietnam

451,979

4,519,790,000

1.94

5

Ms. Co Cam Nguyet

Vietnam

451,979

4,519,790,000

1.94

6

Mr. Co Nguu Tu

Vietnam

300,543

3,005,430,000

1.29

Total

23,297,915

232,979,150,000

100.00

 

 

 

 

PAYMENT INFORMATION

 

International Trade - Statistics  (Currency: USD - US Dollar)

Year

Imports

Exports

Total

2009

n/a

24,860,619

24,860,619

 

DOMESTIC SALES & PURCHASES

Annual Sales Analysis

Percentage

Domestic Sales

30%

International Sales (Export)

70%

Annual Purchases Analysis

Percentage

Local Purchases

40%

Imports

60%

 

 

PAYMENT TERMS

Selling

Type

Terms

Local

Cash on delivery (COD)

Credit - Secured with Post-dated checks 30~60 days

Export

Letter of Credit (At-sight)

Telegraphic Transfer (T/T) - Received at time of transaction

Purchasing

Type

Terms

Local

Cash on delivery (COD)

Credit - Secured with Post-dated checks 30~60 days

Import

Letter of Credit (At-sight)

Telegraphic Transfer (T/T) - Executed at time of transaction

 

 

GROUP STRUCTURE & AFFILIATED COMPANIES

 

RELATED PARTIES (Subsidiaries, Joint-ventures & Affiliates)

The following provides a summary of the number of businesses that are related to THIEN LONG GROUP CORP:

TYPE

DOMESTIC

TOTAL

Subsidiaries

4

Joint-Ventures

-

Minority shareholdings

-

Affiliates

-

Domestic

Business Entity Name

:

TAN LUC MIEN BAC TRADING SERVICE CO LTD

Global Identifier

:

P2975578

Country

:

Vietnam

Relationship

:

Subsidiary

Business Entity Name

:

TAN LUC MIEN NAM TRADING SERVICE CO LTD

Global Identifier

:

P2975576

Country

:

Vietnam

Relationship

:

Subsidiary

Business Entity Name

:

THIEN LONG HOAN CAU CO LTD

Global Identifier

:

P2975575

Country

:

Vietnam

Relationship

:

Subsidiary

Business Entity Name

:

THIEN LONG LONG THANH MANUFACTURING & TRADING CO LTD

Global Identifier

:

P2975574

Country

:

Vietnam

Relationship

:

Subsidiary

 

 

FINANCIAL INFORMATION

 

Financials - Summary  (Currency: USD - US Dollar)

Year

Sales

Assets

Net Income

2009 Annual

35,515,171

33,787,996

2,860,424

2011 Annual

50,548,344

45,601,824

3,974,988

2012 Annual (*)

59,646,592

46,223,132

4,809,346

 

Sales Trend – Analysis

2003

2004

2005

2006

2007

2008

2009

2010

2011

2012

-

-

-

-

-

-

-

-

Note: (*)

Financials listed are the most recent available for this company.

Missing Financials

Reasons

2013, Annual

Financials not yet released.

 

FINANCIAL STATEMENT - DETAILED

Balance Sheet

Currency

:

VND

Denomination

:

1

Financial Year Ending

:

December

Financial Highlights

2011 Annual

2012 Annual

Current Assets

641,341,000,000

650,316,000,000

Non Current Assets

308,545,000,000

312,265,000,000

Non Current Liabilities

37,592,000,000

26,217,000,000

Share Capital

176,500,000,000

211,800,000,000

Other long term assets 

Total Assets

949,886,000,000

962,581,000,000

Total Liabilities

467,381,000,000

410,824,000,000

Current Liabilities

429,789,000,000

384,607,000,000

Long term liabilities 

Shareholders Funds

482,505,000,000

551,757,000,000

Current assets & short term investments

641,341,000,000

650,316,000,000

Cash & cash equivalents

80,781,000,000

151,265,000,000

Cash

70,781,000,000

75,301,000,000

Cash equivalents

10,000,000,000

75,964,000,000

Short term investments

6,238,000,000

1,333,000,000

Short term securities investments

14,162,000,000

1,843,000,000

Provision for short term investments

(7,924,000,000)

(510,000,000)

Accounts receivable

60,672,000,000

62,976,000,000

Accounts receivable trade

53,785,000,000

50,392,000,000

Trade prepayment

6,679,000,000

10,824,000,000

Others receivables

1,023,000,000

0

Provision for bad debts

(815,000,000)

(319,000,000)

i. Inventories

477,542,000,000

423,353,000,000

ii. Inventories

483,083,000,000

434,993,000,000

Provision for decline in inventory

(5,541,000,000)

(11,640,000,000)

Other short term asset

4,714,000,000

5,102,000,000

Prepaid expenses

3,981,000,000

3,118,000,000

VAT deductible

7,404,000,000

2,054,000,000

Other tax receivables

9,000,000

1,115,000,000

Long term assets

308,545,000,000

312,265,000,000

Fixed assets

248,068,000,000

247,289,000,000

Tangible fixed assets

209,820,000,000

189,246,000,000

i. Cost

400,133,000,000

413,850,000,000

i. Accumulated depreciation

190,313,000,000

224,604,000,000

Intangible fixed assets

22,553,000,000

49,494,000,000

ii. Cost

27,578,000,000

56,938,000,000

ii. Accumulated depreciation

5,025,000,000

7,444,000,000

Construction in progress

15,695,000,000

8,549,000,000

Long term investments

28,835,000,000

25,962,000,000

Other long term investments

38,600,000,000

36,970,000,000

Provision for long term investments

(9,765,000,000)

(11,008,000,000)

Other long term assets

1,990,000,000

5,014,000,000

Long term prepayments

10,259,000,000

5,490,000,000

Asset of income tax delay

19,393,000,000

28,510,000,000

Total assets

949,886,000,000

962,581,000,000

Liabilities

467,381,000,000

410,824,000,000

Current liabilities

429,789,000,000

384,607,000,000

Short term borrowings

317,901,000,000

261,357,000,000

Accounts payables-trade

55,716,000,000

50,055,000,000

Advances from customers

2,587,000,000

8,850,000,000

Taxes and payable to state budget

14,975,000,000

18,487,000,000

Payable to employees

9,509,000,000

10,827,000,000

Accrued expenses payable

21,010,000,000

26,992,000,000

Other payables

8,091,000,000

2,820,000,000

Bonus and welfare funds

4,620,000,000

0

Long term liabilities

37,592,000,000

26,217,000,000

Long term other payables

0

14,650,000,000

Long term borrowings

24,987,000,000

11,567,000,000

Provision funds for unemployment

12,605,000,000

0

i. Owner's equity

482,505,000,000

551,757,000,000

ii. Owner's equity

477,885,000,000

551,757,000,000

Business capital

176,500,000,000

211,800,000,000

Share capital's surplus

145,867,000,000

128,217,000,000

Business development funds

18,553,000,000

22,580,000,000

Financial reserved funds

15,272,000,000

19,299,000,000

Retained earnings

121,693,000,000

169,861,000,000

Budget sources

4,620,000,000

0

Total resources

949,886,000,000

962,581,000,000

 

Income Statement

Currency

:

VND

Denomination

:

1

Financial Year Ending

:

December

Financial Highlights

2011 Annual

2012 Annual

Turnover

1,052,922,000,000

1,242,120,000,000

Profit (Loss) Before Tax

108,251,000,000

135,704,000,000

Profit After Tax attributable to Shareholders

82,799,000,000

100,153,000,000

Gross sales

1,052,922,000,000

1,242,120,000,000

Less deductions

9,330,000,000

25,775,000,000

Net income

1,043,592,000,000

1,216,345,000,000

Cost of goods sold

631,927,000,000

758,033,000,000

Gross margin

411,665,000,000

458,312,000,000

Income from financial activities

9,432,000,000

8,353,000,000

Expenses from financial activities

64,969,000,000

40,434,000,000

In which: Interest expenses

41,951,000,000

39,798,000,000

Selling expenses

131,557,000,000

156,256,000,000

General & administration expenses

115,355,000,000

137,895,000,000

Net income from operating activities

109,216,000,000

132,080,000,000

Extraordinary income

6,889,000,000

7,539,000,000

Extraordinary expenses

7,854,000,000

3,915,000,000

Extraordinary gains

(965,000,000)

3,624,000,000

Net profit before tax

108,251,000,000

135,704,000,000

Income tax

36,182,000,000

44,668,000,000

Income tax delay

10,730,000,000

9,118,000,000

Net profit after tax

82,799,000,000

100,153,000,000

 

 

Financial Ratios

Financial Highlights

2011 Annual

2012 Annual

Growth % 

Year-on-Year Growth

-

17.97

Profitability 

Profit Margin (%)

7.86

8.06

Return on Equity (%)

17.16

18.15

Return on Assets (%)

8.72

10.40

Leverage 

Total Debt Equity (Times)

0.97

0.74

Current Debt Equity (Times)

0.89

0.70

Long Term Debt to Equity

0.08

0.05

Total Asset To Total Equity

1.97

1.74

Asset Management 

Total Assets Turnover (Times)

1.11

1.29

Fixed Assets Turnover (Times)

3.41

3.98

Liquidity 

Current Ratio

1.49

1.69

 

 

FOREIGN EXCHANGE RATES

 

Today's Exchange rate

:

1.00 VND
Vietnam Dong

=

0.000048 USD
United States Dollars

 

 

ADDITIONAL INFORMATION

 

Report Details

 

 

Country

:

Vietnam

Business Entity Name

:

THIEN LONG GROUP CORP

Acronym

:

TLG

Primary Business Activity

:

Manufacturer

Primary Industry

:

Paper, Pulp & Products

Office Contact Details

Operating Address

:

Tan Tao Industrial Park Lot 6-8-10-12 Rd 3 Tan Tao Ward, Binh Tan Dist, Ho Chi Minh

Tel

:

[+84] 8-37505555

Fax

:

[+84] 8-37505577

Email

:

info@thienlonggroup.com

Website Details

Website

:

http://www.thienlonggroup.com

Status

:

Normal - operational

Country of Registration

:

Vietnam

Ownership Type

:

Registered ownership by Subject Business Entity

Tax / VAT Details

Tax Issuing Authority

:

Ministry of Finance

Local Name Used

:

Gia Trj Gia Tang (Value Added Tax)

Acronym

:

GTGT / VAT

GTGT / VAT Number

:

0301464830

 

Primary Products

Products / Materials / Services Description

Activity

Art supplies

Manufacturing, Exporting

Office supplies

Manufacturing, Exporting

Packaging products

Manufacturing, Exporting

Pens

Manufacturing, Exporting

Plastic household goods

Manufacturing, Exporting

 

 

SIC PRODUCT CLASSIFICATION & ACTIVITY

Product/Service Description

Code

Activity

Manufactured articles, nspf

3999

Manufacturing, Exporting

Paper and allied Products

2600

Manufacturing, Exporting

Pencils, office, and art supplies

3952

Manufacturing, Exporting

Pens, mechanical pencils, and parts

3951

Manufacturing, Exporting

Plastics products, nspf

3089

Manufacturing, Exporting

Stationery & Office Supplies

5112

Manufacturing, Exporting

Stationery products

2678

Manufacturing, Exporting

 

HARMONIZED PRODUCT CLASSIFICATION & ACTIVITY

Product/Service Description

Code

Activity

Articles of paper pulp, not molded or pressed

4823901000

Manufacturing, Exporting

Blotting pads, book covers (including cover board and book jackets) and articles of stationery nesoi, of paper or paperboard

4820900000

Manufacturing, Exporting

Miscellaneous manufactured articles

9600

Manufacturing, Exporting

Office or school supplies of plastic

3926100000

Manufacturing, Exporting

Pens (ball point, soft tip etc), mech pencils etc, parts

9608

Manufacturing, Exporting

Plastics & articles thereof

3900

Manufacturing, Exporting

Sanitary napkins and tampons, diapers and diaper liners and similar articles of paper pulp

4818402000

Manufacturing, Exporting

 

DETAILED PRODUCT CLASSIFICATION & ACTIVITY

Products / Materials / Services Description

Ranking

Activity

Printing products

Primary

Manufacturing, Exporting

School supplies

Primary

Manufacturing, Exporting

Stamping products

Primary

Manufacturing, Exporting

Stationery

Primary

Manufacturing, Exporting

Tampons

Primary

Manufacturing, Exporting

Teaching aids

Primary

Manufacturing, Exporting

 

CORE BUSINESS DESCRIPTION

Core Business

The primary business focus of THIEN LONG GROUP CORP is Manufacturing - Finished products.

Key products include:

Packaging products

Art supplies

Office supplies

Pens

Plastic household goods

Printing products

School supplies

Stamping products

Stationery

Tampons

Teaching aids


An integral part of the core business includes:

Distribution

Supplementary Business

In addition to the core business, THIEN LONG GROUP CORP also is engaged in the following areas of business:

Exporting

Exporting - Finished products

Importing

Importing - Raw materials

Trading

Trading - Finished products

 

STOCK EXCHANGE LISTING DETAILS

Country

:

Vietnam

Name of Stock Exchange

:

Name

Acronym

HOCHIMINH STOCK EXCHANGE

HOSE

Stock Symbol / No.

:

TLG

Date of listing

:

2 Feb, 2010

 

BANK DETAILS

Bank Name

:

ASIA COMMERCIAL JOINT STOCK BANK

Global Identifier

:

P0075118

Branch

:

District 3,Ho Chi Minh

Branch Address

:

ASIA COMMERCIAL JOINT STOCK BANK, ONG ICH KHIEM

SWIFT Code

:

ASCBVNVX

Bank Name

:

HSBC BANK (VIETNAM) LTD

Global Identifier

:

32403760

Branch

:

District 1,Ho Chi Minh

Branch Address

:

HSBC BANK (VIETNAM) LTD - HO CHI MINH

SWIFT Code

:

HSBCVNVX

Bank Name

:

JOINT STOCK COMMERCIAL BANK FOR INVESTMENT & DEVELOPMENT OF VIETNAM

Global Identifier

:

32400483

Branch

:

Hoan Kiem Dist,Hanoi

Branch Address

:

JOINT STOCK COMMERCIAL BANK FOR INVESTMENT AND DEVELOPMENT OF VIETNAM - TAY SAI GON

SWIFT Code

:

BIDVVNVX

Bank Name

:

SAIGON THUONG TIN COMMERCIAL BANK (SACOMBANK)

Global Identifier

:

P0024801

Branch

:

District 3,Ho Chi Minh

Branch Address

:

SAIGON THUONG TIN COMMERCIAL BANK (SACOMBANK), TRANSACTION OFFICE

SWIFT Code

:

SGTTVNVX

Bank Name

:

VIETNAM MARITIME COMMERCIAL JOINT STOCK BANK JSC

Global Identifier

:

32404826

Branch

:

Dong Da,Hanoi

Branch Address

:

Sky Tower Bldg - Bldg A 88 Lang Ha St Dong Da Hanoi (Head Office)

SWIFT Code

:

MCOBVNVX

 

 

INTERNATIONAL TRADE - Activity & Markets

 

 

Country / Region

Estimated level of importance

Trading Activity

Africa

Medium

Exporting

Asia / Pacific

Medium

Importing, Exporting

Europe

Medium

Importing, Exporting

Middle-East

Medium

Exporting

North America

Medium

Exporting

Algeria

Medium

Exporting

Australia

Medium

Exporting

Canada

Medium

Exporting

China

Medium

Importing

Denmark

Medium

Exporting

Egypt

Medium

Exporting

France

Medium

Exporting

Germany

Medium

Importing, Exporting

Hong Kong

Medium

Importing

Italy

Medium

Exporting

Japan

Medium

Exporting

Malaysia

Medium

Importing

Mexico

Medium

Exporting

Poland

Medium

Exporting

Singapore

Medium

Importing

Spain

Medium

Exporting

Switzerland

Medium

Exporting

Thailand

Medium

Importing

Turkey

Medium

Exporting

USA

Medium

Exporting

United Kingdom

Medium

Exporting

 

 

OFFICE & FACILITIES

 

The following information relates to the Business Entity's office as listed above:

 

Name

:

THIEN LONG GROUP CORP - BINH TAN DIST, HO CHI MINH

Primary Use

:

Office & Administration facilities

Address

:

Tan Tao Industrial Park Lot 6-8-10-12 Rd 3 Tan Tao Ward, Binh Tan Dist, Ho Chi Minh

Country

:

Vietnam

Status

:

Operational

 

 

COMPANY HISTORY

 

Date

Details

1996 - Dec

Established as a limited liability company.

2005 - Mar

Changed its form into a joint stock company.

 

 

QUALITY ACCREDITATION

 

Quality Accreditation Listings

 

#

Name

Accreditation Category

1

INTERNATIONAL STANDARDS ORGANIZATION (ISO)

9001:2000

2

INTERNATIONAL STANDARDS ORGANIZATION (ISO)

14001:2004

3

INTERNATIONAL STANDARDS ORGANIZATION (ISO)

9001:2008

4

INTERNATIONAL STANDARDS ORGANIZATION (ISO)

14000

 

 

PREVIOUS BUSINESS LICENSE/S

 

License Date

License No.

26 Dec, 1996

045261

14 Mar, 2005

4103003187

 

 

 

NOTES & COMMENTS

 

N/a

 

 

FOREIGN EXCHANGE RATES

 

Currency
Unit

Indian Rupees

US Dollar

1

Rs.61.32

UK Pound

1

Rs.102.54

Euro

1

Rs.84.19

 

 

INFORMATION DETAILS

 

Report Prepared by :

NNA

 

 

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%)

 

PRIVATE & CONFIDENTIAL : This information is provided to you at your request, you having employed MIPL for such purpose. You will use the information as aid only in determining the propriety of giving credit and generally as an aid to your business and for no other purpose. You will hold the information in strict confidence, and shall not reveal it or make it known to the subject persons, firms or corporations or to any other. MIPL does not warrant the correctness of the information as you hold it free of any liability whatsoever. You will be liable to and indemnify MIPL for any loss, damage or expense, occasioned by your breach or non observance of any one, or more of these conditions

This report is issued at your request without any risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL) or its officials.