MIRA
INFORM REPORT
|
Report Date : |
10.09.2014 |
IDENTIFICATION DETAILS
|
Name : |
KSD INTERFOODS [ |
|
|
|
|
Registered Office : |
111/69 Moo
4, |
|
|
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Country : |
|
|
|
|
|
Financials (as on) : |
30.06.2013 |
|
|
|
|
Date of Incorporation : |
03.07.2007 |
|
|
|
|
Com. Reg. No.: |
0105550069449 |
|
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|
Legal Form : |
Private Limited Company |
|
|
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Line of Business : |
Subject is engaged in
importing and distributing various
kinds of frozen fishes such
as Ribbon Fish, Trevally fish,
Barracuda fish, Tuna,
Indian Mackerel, Sardine, Hake,
Pollock, cod & Salmon, White/Black Pomfret, red snapper, Sole, Cuttlefish,
Squid, Baby Octopus
whole and whole
cleaned, Crab whole
and half cut,
fishes like King
fish, Reefcod, White/Red
Snapper, Job Fish,
Yellow Fin Tuna,
Skip Jack Tuna,
Indian Oil Sardine, squid,
all kinds of
shrimps, lobster, prawns
and PUD |
|
|
|
|
No. of Employees |
12 |
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 – June 1, 2014
|
Country Name |
Previous Rating (31.03.2014) |
Current Rating (01.06.2014) |
|
Thailand |
B1 |
B1 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
|
Moderate |
B1 |
|
High |
B2 |
|
Very High |
C1 |
|
Restricted |
C2 |
|
Off-credit |
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 in 2013 implemented a nation-wide 300 baht ($10) per day minimum wage policy and deployed 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. This was expected to lead to an economic upsurge but growth has remained slow, in part due to ongoing political unrest and resulting uncertainties. Spending on infrastructure will require re-approval once a new government is seated
|
Source
: CIA |
Company name
KSD
INTERFOODS [THAILAND] CO.,
LTD.
SUMMARY
BUSINESS
ADDRESS : 111/69 MOO
4, EKACHAI ROAD,
T. KHOKKHAM,
A.
MUANG, SAMUTSAKORN 74000,
THAILAND
TELEPHONE : [66] 34 469-320, 081
178-7881, 081 880-9818
FAX :
[66] 34
469-652
E-MAIL
ADDRESS : sam@ksdthai.co.th
amon@ksdthai.co.th
REGISTRATION
ADDRESS : SAME
AS BUSINESS ADDRESS
ESTABLISHED
: 2007
REGISTRATION
NO. : 0105550069449
TAX
ID NO. : 3032695640
CAPITAL REGISTERED : BHT. 4,000,000
CAPITAL PAID-UP : BHT.
4,000,000
SHAREHOLDER’S PROPORTION : THAI :
67.50%
PAKISTANI :
32.50%
FISCAL YEAR CLOSING DATE : JUNE
30
LEGAL
STATUS : PRIVATE LIMITED
COMPANY
EXECUTIVE : MR. YOU SUF,
PAKISTANI
MANAGING DIRECTOR
NO.
OF STAFF : 12
LINES
OF BUSINESS : FRESH
AND FROZEN SEAFOODS
IMPORTER, DISTRIBUTOR
AND EXPORTER
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 3, 2007 as a
private limited company under
the name style KSD INTERFOODS
[THAILAND] CO., LTD., by Thai and
Pakistani groups, with the
objective to import and
distribute various kinds of
frozen fishes and other
frozen seafood products to
both domestic and
overseas markets. It currently
employs 12 staff.
The subject is
also the well-known
importer of seafood
products as a
raw material and
local wholesale distribution
such as Mackerel,
sardine, Hake, Pollack,
Cod and Salmon.
The subject’s registered
address was initially at 69/48
Phyathai Rd., Thanon
Phyathi, Rajthewi, Bangkok
10400.
On
September 21, 2009,
the subject’s registered
address was relocated
to 927/94 Thaprong [Sethakij 1]
Rd., T. Mahachai, A. Muang,
Samutsakorn 74000.
On
January 27, 2011,
it was moved
to 429 K Tawai
Rd., T. Thachalom, A. Muang,
Samutsakorn 74000.
On
April 11, 2013, it
was finally relocated
to 111/69 Moo
4, Ekachai Road,
T. Khokkham, A. Muang, Samutsakorn
74000, and this
is the subject’s
current operation address.
THE BOARD
OF DIRECTOR
|
Name |
|
Nationality |
Age |
|
|
|
|
|
|
Mr. You Suf |
|
Pakistani |
44 |
|
Ms. Laddawan Inseeyong |
|
Thai |
35 |
AUTHORIZED PERSON
One of the
above directors can
sign on behalf
of the subject
with company’s affixed.
MANAGEMENT
Mr. You Suf is
the Managing Director.
He is Pakistani
nationality with the
age of 44
years old.
Mr. Amon is the
Local Sales Manager.
He is Thai
nationality.
BUSINESS OPERATIONS
The subject’s
main business is engaged in
importing and distributing various
kinds of frozen fishes
such as Ribbon
Fish, Trevally fish, Barracuda
fish, Tuna, Indian Mackerel, Sardine,
Hake, Pollock, cod & Salmon, White/Black Pomfret, red snapper, Sole, Cuttlefish,
Squid, Baby Octopus
whole and whole
cleaned, Crab whole
and half cut,
fishes like King
fish, Reefcod, White/Red
Snapper, Job Fish,
Yellow Fin Tuna,
Skip Jack Tuna,
Indian Oil Sardine, squid,
all kinds of
shrimps, lobster, prawns
and PUD and etc.,
as well as exporting of
fresh & dry fish and
frozen seafood products. The processing
facilities are under
international standard of EU, ISO
and HALAL certifications.
PURCHASE
The
products are purchased
from suppliers both
domestic and overseas,
mainly in India,
Vietnam and Pakistan.
SALES
The products are
sold locally to
wholesalers and end-users.
EXPORT
The products are
exported to Sri
Lanka, India, Hong Kong
and Malaysia.
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
L/C at sight
or T/T.
Exports are against
T/T.
BANKING
Bangkok
Bank Public Co.,
Ltd.
Kasikornbank
Public Co., Ltd.
EMPLOYMENT
The
subject currently employs
12 staff.
LOCATION
DETAILS
The
premise is rented
for administrative office
at the heading
address. Premise is
located in provincial.
COMMENT
The
subject was formed in 2007
as an
importer, distributor and exporter of
seafood products both fresh,
frozen and dried. Demand has
significantly increased in
both domestic and export markets.
Slow consumption in
domestic market has
resulted the subject
ended the year
2013 with negative
outcome.
FINANCIAL INFORMATION
The
capital was registered
at Bht. 2,000,000
divided into 20,000
shares of Bht.
100 each.
On December 11, 2009,
the capital was
increased to Bht. 4,000,000
divided into 40,000 shares
of Bht. 100 each with
fully paid.
THE
SHAREHOLDERS LISTED WERE
: [as at
July 9, 2014]
|
NAME |
HOLDING |
% |
|
|
|
|
|
Ms. Laddawan Inseeyong Nationality: Thai Address : 429 K
Tawai Rd., T. Thachalom, A.
Muang, Samutsakorn |
17,000 |
42.50 |
|
Mr. You Suf Nationality: Pakistani Address : 79/72
Phyathai Rd., Rajthewi,
Bangkok |
13,000 |
32.50 |
|
Ms. Warangkana Sangsuriya Nationality: Thai Address : 457/211
Charoenkrung Rd., Bangklo,
Bangkorlaem, Bangkok |
5,000 |
12.50 |
|
Ms. Sirintra Pansuk Nationality: Thai Address : 87/60
Moo 7, T. Thajeen, A. Muang,
Samutsakorn |
5,000 |
12.50 |
Total Shareholders : 4
Share Structure : [as at July
9, 2014]
|
Nationality |
Shareholders |
No. of Share |
% Shares |
|
|
|
|
|
|
Thai |
3 |
27,000 |
67.50 |
|
Foreign - Pakistani |
1 |
13,000 |
32.50 |
|
Total |
4 |
40,000 |
100.00 |
NAME OF AUDITOR
& CERTIFIED PUBLIC
ACCOUNTANT NO. :
Ms. Sakorn Buadok No.
8137
BALANCE SHEET [BAHT]
The
latest financial figures
published for June
30, 2013, 2012
& 2011 were :
ASSETS
|
Current Assets |
2013 |
2012 |
2011 |
|
|
|
|
|
|
Cash and Cash
Equivalents |
2,913,067.86 |
2,550,867.51 |
4,665,387.00 |
|
Trade Accounts Receivable
|
10,879,804.63 |
8,299,021.00 |
6,504,022.12 |
|
Short-term Loan to Related Person |
10,123,190.82 |
5,000,000.00 |
- |
|
Inventories |
26,662,623.91 |
3,191,196.23 |
19,930,639.03 |
|
Other Current Assets
|
1,886,706.01 |
9,152,437.75 |
1,466,719.15 |
|
Total Current Assets |
52,465,393.23 |
28,193,522.49 |
32,566,767.30 |
|
Cash at Bank pledged as a Collateral |
4,093,314.95 |
4,000,000.00 |
- |
|
Fixed Assets |
1,352,705.05 |
1,835,651.09 |
2,209,587.61 |
|
Total Assets |
57,911,413.23 |
34,029,173.58 |
34,776,354.91 |
LIABILITIES &
SHAREHOLDERS' EQUITY [BAHT]
|
Current
Liabilities |
2013 |
2012 |
2011 |
|
|
|
|
|
|
Short-term Loan from Financial Institutions |
25,632,890.13 |
12,443,468.15 |
- |
|
Trade Accounts & Notes Payable |
25,672,673.34 |
9,410,276.35 |
21,207,563.97 |
|
Current Portion of Financial Lease Contract Liabilities |
322,026.00 |
644,052.00 |
365,148.00 |
|
Current Portion of Long-term from Financial Institutions |
108,062.04 |
99,822.24 |
- |
|
Short-term Loan from Person or Related Company |
- |
- |
1,900,000.00 |
|
Accrued Income Tax |
- |
129,831.27 |
- |
|
Other Current Liabilities |
1,318,989.24 |
1,059,711.48 |
1,499,274.84 |
|
Total Current Liabilities |
53,054,640.75 |
23,787,161.49 |
24,971,986.81 |
|
Financial Lease Contract
Liabilities, Net |
463,244.00 |
463,244.00 |
1,064,174.00 |
|
Long-term from Financial Institutions, Net |
254,420.67 |
365,206.64 |
- |
|
Total Liabilities |
53,772,305.42 |
24,615,612.13 |
26,036,160.81 |
|
|
|
|
|
|
Shareholders' Equity |
|
|
|
|
|
|
|
|
|
Share capital : Baht 100
value authorized, issued
and fully paid share
capital 40,000 shares |
4,000,000.00 |
4,000,000.00 |
4,000,000.00 |
|
Capital Paid |
4,000,000.00 |
4,000,000.00 |
4,000,000.00 |
|
Retained Earning - Unappropriated |
139,107.81 |
5,413,561.45 |
4,740,194.10 |
|
Total Shareholders' Equity |
4,139,107.81 |
9,413,561.45 |
8,740,194.10 |
|
Total Liabilities & Shareholders' Equity |
57,911,413.23 |
34,029,173.58 |
34,776,354.91 |
PROFIT &
LOSS ACCOUNT
|
Revenue |
2013 |
2012 |
2011 |
|
|
|
|
|
|
Sales Income |
132,814,235.81 |
161,533,803.69 |
171,787,896.41 |
|
Other Income |
2,460,027.49 |
2,310,110.09 |
3,855,406.87 |
|
Total Revenues |
135,274,263.30 |
163,843,913.78 |
175,643,303.28 |
|
Expenses |
|
|
|
|
|
|
|
|
|
Cost of Goods
Sold |
124,527,861.34 |
150,700,188.19 |
160,549,250.48 |
|
Selling Expenses |
8,982,453.10 |
7,370,239.85 |
10,268,411.24 |
|
Administrative Expenses |
6,257,436.94 |
4,745,975.11 |
3,952,434.59 |
|
Total Expenses |
139,767,751.38 |
162,816,403.15 |
174,770,096.31 |
|
Profit / [Loss] before
Financial Cost & Income Tax |
[4,493,488.08] |
1,027,510.63 |
873,206.97 |
|
Financial Cost |
[780,965.56] |
[169,423.01] |
[22,922.40] |
|
Profit / [Loss] before Income
Tax |
[5,274,453.64] |
858,087.62 |
850,284.57 |
|
Income Tax |
- |
[184,720.24] |
[126,677.96] |
|
Net Profit /[Loss] |
[5,274,453.64] |
673,367.35 |
723,606.61 |
FINANCIAL ANALYSIS
|
ITEM |
UNIT |
2013 |
2012 |
2011 |
|
|
|
|
|
|
|
LIQUIDITY RATIO |
|
|
|
|
|
CURRENT RATIO |
TIMES |
0.99 |
1.19 |
1.30 |
|
QUICK RATIO |
TIMES |
0.45 |
0.67 |
0.45 |
|
|
|
|
|
|
|
ACTIVITY RATIO |
|
|
|
|
|
FIXED ASSETS TURNOVER |
TIMES |
98.18 |
88.00 |
77.75 |
|
TOTAL ASSETS TURNOVER |
TIMES |
2.29 |
4.75 |
4.94 |
|
INVENTORY CONVERSION PERIOD |
DAYS |
78.15 |
7.73 |
45.31 |
|
INVENTORY TURNOVER |
TIMES |
4.67 |
47.22 |
8.06 |
|
RECEIVABLES CONVERSION PERIOD |
DAYS |
29.90 |
18.75 |
13.82 |
|
RECEIVABLES TURNOVER |
TIMES |
12.21 |
19.46 |
26.41 |
|
PAYABLES CONVERSION PERIOD |
DAYS |
75.25 |
22.79 |
48.21 |
|
CASH CONVERSION CYCLE |
DAYS |
32.80 |
3.69 |
10.92 |
|
|
|
|
|
|
|
PROFITABILITY
RATIO |
|
|
|
|
|
COST OF GOODS SOLD |
% |
93.76 |
93.29 |
93.46 |
|
SELLING & ADMINISTRATION |
% |
11.47 |
7.50 |
8.28 |
|
INTEREST |
% |
0.59 |
0.10 |
0.01 |
|
GROSS PROFIT MARGIN |
% |
8.09 |
8.14 |
8.79 |
|
NET PROFIT MARGIN BEFORE EX. ITEM |
% |
(3.38) |
0.64 |
0.51 |
|
NET PROFIT MARGIN |
% |
(3.97) |
0.42 |
0.42 |
|
RETURN ON EQUITY |
% |
(127.43) |
7.15 |
8.28 |
|
RETURN ON ASSET |
% |
(9.11) |
1.98 |
2.08 |
|
EARNING PER SHARE |
BAHT |
(131.86) |
16.83 |
18.09 |
|
|
|
|
|
|
|
LEVERAGE RATIO |
|
|
|
|
|
DEBT RATIO |
TIMES |
0.93 |
0.72 |
0.75 |
|
DEBT TO EQUITY RATIO |
TIMES |
12.99 |
2.61 |
2.98 |
|
TIME INTEREST EARNED |
TIMES |
(5.75) |
6.06 |
38.09 |
|
|
|
|
|
|
|
ANNUAL GROWTH |
|
|
|
|
|
SALES GROWTH |
% |
(17.78) |
(5.97) |
|
|
OPERATING PROFIT |
% |
(537.32) |
17.67 |
|
|
NET PROFIT |
% |
(883.30) |
(6.94) |
|
|
FIXED ASSETS |
% |
(26.31) |
(16.92) |
|
|
TOTAL ASSETS |
% |
70.18 |
(2.15) |
|
ANNUAL GROWTH :
RISKY
An annual sales growth is -17.78%. Turnover has decreased from THB
PROFITABILITY :
ACCEPTABLE
PROFITABILITY
RATIO
|
Gross Profit Margin |
8.09 |
Impressive |
Industrial
Average |
6.49 |
|
Net Profit Margin |
(3.97) |
Deteriorated |
Industrial
Average |
(0.58) |
|
Return on Assets |
(9.11) |
Deteriorated |
Industrial
Average |
(1.37) |
|
Return on Equity |
(127.43) |
Deteriorated |
Industrial
Average |
(5.87) |
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 8.09%. When
compared with the industry average, the ratio of the company was higher,
indicated that company was more profitable than the same industry.
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 -3.97%.
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 -9.11%.
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 -127.43%.
Trend of the
average competitors in the same industry for last 5 years
Return on Assets Downtrend
Return on Equity Downtrend
LIQUIDITY : RISKY
LIQUIDITY RATIO
|
Current Ratio |
0.99 |
Risky |
Industrial
Average |
1.04 |
|
Quick Ratio |
0.45 |
|
|
|
|
Cash Conversion Cycle |
32.80 |
|
|
|
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 0.99 times in 2013, decreased from 1.19 times, then the company may have
problems meeting its short-term obligations. 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 0.45 times in 2013,
decreased from 0.67 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 33 days.
Trend of the
average competitors in the same industry for last 5 years
Current Ratio Uptrend
LEVERAGE : RISKY
LEVERAGE RATIO
|
Debt Ratio |
0.93 |
Acceptable |
Industrial
Average |
0.74 |
|
Debt to Equity Ratio |
12.99 |
Risky |
Industrial
Average |
2.83 |
|
Times Interest Earned |
(5.75) |
Risky |
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 -5.76 lower than 1, so the company is not generating
enough cash from EBIT to meet its
interest obligations.
Debt Ratio shows the proportion of a company's assets which are financed
through debt. The company's figure is 0.93 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 : IMPRESSIVE
ACTIVITY RATIO
|
Fixed Assets Turnover |
98.18 |
Impressive |
Industrial
Average |
- |
|
Total Assets Turnover |
2.29 |
Satisfactory |
Industrial
Average |
2.36 |
|
Inventory Conversion Period |
78.15 |
|
|
|
|
Inventory Turnover |
4.67 |
Impressive |
Industrial
Average |
3.81 |
|
Receivables Conversion Period |
29.90 |
|
|
|
|
Receivables Turnover |
12.21 |
Impressive |
Industrial
Average |
4.41 |
|
Payables Conversion Period |
75.25 |
|
|
|
The company's Account Receivable Ratio is calculated as 12.21 and
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 8 days at the end
of 2012 to 78 days at the end of 2013. This represents a negative trend. And
Inventory turnover has decreased from 47.22 times in year 2012 to 4.67 times in
year 2013.
The company's Total Asset Turnover is calculated as 2.29 times and 4.75
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 Downtrend
Inventory Turnover Downtrend
Receivables Turnover Downtrend
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.60.42 |
|
|
1 |
Rs.97.24 |
|
Euro |
1 |
Rs.77.92 |
INFORMATION DETAILS
|
Analysis Done by
: |
DIV |
|
|
|
|
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.