MIRA
INFORM REPORT
|
Report Date : |
23.09.2014 |
IDENTIFICATION DETAILS
|
Name : |
LIANG HUA TOOLS
CO., LTD. |
|
|
|
|
Registered Office : |
273
Larn Luang Road,
Watsomanat, Pomprabsatrupai,
Bangkok 10100 |
|
|
|
|
Country : |
|
|
|
|
|
Financials (as on) : |
31.12.2013 |
|
|
|
|
Date of Incorporation : |
23.06.1986 |
|
|
|
|
Com. Reg. No.: |
0105529021122 |
|
|
|
|
Legal Form : |
Private Limited Company |
|
|
|
|
Line of Business : |
Subject’s activities are
importer and distributor
of various tools
and equipments, e.g.
pneumatic tools, hand
tools, hydraulic tools,
cutting tools, stainless
steel hinges, mortise
lock and cylinder
and etc., particularly for
automotive and construction industries. |
|
|
|
|
No. of Employees : |
30 |
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 – June 1, 2014
|
Country Name |
Previous Rating (31.03.2014) |
Current Rating (01.06.2014) |
|
|
B1 |
B1 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
|
Moderate |
B1 |
|
High |
B2 |
|
Very High |
C1 |
|
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
LIANG
HUA TOOLS CO.,
LTD.
SUMMARY
BUSINESS
ADDRESS : 273
LARN LUANG ROAD,
WATSOMANAT,
POMPRABSATRUPAI, BANGKOK
10100, THAILAND
TELEPHONE : [66]
2628-3500-6
FAX :
[66] 2280-0706
E-MAIL
ADDRESS : lianghua@truemail.co.th
REGISTRATION
ADDRESS : SAME
AS BUSINESS ADDRESS
ESTABLISHED : 1986
REGISTRATION
NO. : 0105529021122
TAX
ID NO. : 3101393880
CAPITAL
REGISTERED : BHT.
250,000,000
CAPITAL
PAID-UP : BHT.
250,000,000
SHAREHOLDER’S PROPORTION : THAI : 100%
FISCAL
YEAR CLOSING DATE : DECEMBER 31
LEGAL
STATUS : PRIVATE LIMITED
COMPANY
EXECUTIVE : MR.
SATIT WONGPANAWIROJ, THAI
MANAGING DIRECTOR
NO.
OF STAFF : 30
LINES
OF BUSINESS : EQUIPMENTS
AND TOOLS
IMPORTER AND
DISTRIBUTOR
CORPORATE PROFILE
OPERATING
TREND : STABLE
PRESENT
SITUATION : OPERATING
NORMALLY
REPUTATION : GOOD
FOR NORMAL BUSINESS
ENGAGEMENT
MANAGEMENT
STANDARD : MANAGEMENT
WITH GOOD PERFORMANCE
HISTORY
The subject was
established on June 23,
1986 as a
private limited company
under the name
style LIANG HUA
TOOLS CO., LTD. by
Wongpanaviroj family and
other Thai investors,
in order to
distribute tools and equipments
for local market.
It currently employs
approximately 30 staff.
The subject’s registered
address is 273
Larn Luang Rd., Watsomanat,
Pomprabsatrupai, Bangkok 10100,
and this is
the subject’s current
operation address.
THE BOARD OF DIRECTOR
|
Name |
|
Nationality |
Age |
|
|
|
|
|
|
Mr. Satit Wongpanawiroj |
|
Thai |
77 |
|
Ms. Vichaya Suwannakinthorn |
|
Thai |
37 |
|
Mr. Suthum Wongpanawiroj |
|
Thai |
43 |
|
Mr. Surin Suwannakinthorn |
|
Thai |
68 |
|
Ms. Prapai Wongpanaviroj |
|
Thai |
47 |
|
Ms. Piyathida Wongpanawiroj |
|
Thai |
52 |
AUTHORIZED PERSON
Any of the
above mentioned directors
signs on behalf
of the subject
with the company’s
affixed.
MANAGEMENT
Mr. Satit Wongpanawiroj is
the Managing Director.
He is Thai
nationality with the
age of 77 years old.
Mr. Surin Suwannakinthorn is
the Sales &
Marketing Manager.
He is Thai
nationality with the
age of 68 years
old.
BUSINESS OPERATIONS
The subject’s activities
are importer and
distributor of various
tools and equipments, e.g. pneumatic tools,
hand tools, hydraulic
tools, cutting tools,
stainless steel hinges,
mortise lock and
cylinder and etc.,
particularly for automotive
and construction industries.
MAJOR BRANDS
“KOKEN” , “UNIOR”, “MAKITA”,
“BOSCH”, “ASAHI”, “DEWALT”,
“HAFELE”, “EXCEL” and
etc.
PURCHASE
90% of its
products is imported
from Japan, Salovania,
Singapore, Republic of
China and Taiwan,
and the remaining
10% is purchased
from local suppliers.
MAJOR SUPPLIER
Ko-Ken Tool Co.,
Ltd. : Japan
SALES [LOCAL]
100% of its
products is sold
locally to wholesalers,
retailers and end-users.
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
according for the
past two years.
CREDIT
Local bills are paid
by cash or
on the credits
term of 30-60
days.
Sales are by
cash or on
the credits term
of 30-60 days.
Imports are by
L/C at sight
and T/T.
BUSINESS TRANSACTION
In term
of sales, the
products are sold
to local customers
with the maximum credit
given at 30-60
days. There are
some customers having
delay payment but in acceptance
within 7-15 days.
BANKING
Bangkok Bank Public
Co., Ltd.
[Saphankhao Branch
: 224/4-6 Larn
Luang Rd., Watsomanat,
Bangkok]
EMPLOYMENT
The subject employs
approximately 30 staff
comprising office and
sales staff.
LOCATION DETAILS
The premise is
owned an administrative office
and showroom at
the heading address
in a 4 storey
building of 1 row
shophouse. The premise
is located in
commercial/
residential area.
Branches:
- 150/39-40 Larn
Luang Road, Klongmahanak,
Pomprabsatrupai, Bangkok 10100
- 150/42 Larn
Luang Road, Klongmahanak,
Pomprabsatrupai, Bangkok 10100
- 150/21-23 Larn
Luang Road, Klongmahanak,
Pomprabsatrupai, Bangkok 10100
- 150/19 Larn
Luang Road, Klongmahanak,
Pomprabsatrupai, Bangkok 10100
- 63/1 Moo
4, Soi Suandaen,
Sukhapiban Road, Talingchan, Bangkok
10170
COMMENT
Since the third
quarter of 2013, growth
of domestic consumption
in each category
has been slowing down
compared to the
previous year.
The market
situation is negative with an
economic factors showed the slow
signs of growth of industrial sector this year.
FINANCIAL INFORMATION
The capital
was initially registered
at Bht. 10,000,000, divided
into 1,000 shares of
Bht. 10,000 each.
The capital was
increased later as
followings:
Bht.
30,000,000 on July
31, 1989
Bht.
60,000,000 on November
22, 1995
Bht.
160,000,000 on February
6, 1997
Bht.
210,000,000 on September
6, 1999
Bht.
250,000,000 on October
7, 2005
The latest registered
capital was increased
to Bht. 250,000,000
divided into 25,000
shares of Bht.
10,000 each with
fully paid.
|
THE SHAREHOLDERS LISTS WERE : [as at April 30, 2014 ] |
|
|
|
|
|
|
|
|
NAME |
HOLDING |
% |
|
|
|
|
|
|
|
Mr. Vithit Suwannakinthorn Nationality: Thai Address : 580/20
Asoke-Dindaeng Rd.,
Huaykwang, Bangkok |
4,260 |
17.04 |
|
|
Ms. Vichaya Suwannakinthorn Nationality: Thai Address : 580/20
Asoke-Dindaeng Rd.,
Huaykwang, Bangkok |
4,085 |
16.34 |
|
|
Mrs. Fuangfa Wongpanawiroj Nationality: Thai Address : 150/21-23 Larn Luang Rd., Klongmahanak, Pomprabsatrupai, Bangkok 10100 |
3,431 |
13.72 |
|
|
Mr. Suthum Wongpanawiroj Nationality: Thai Address : 150/21-23 Larn Luang Rd., Klongmahanak, Pomprabsatrupai, Bangkok 10100 |
2,300 |
9.20 |
|
|
Ms. Piyathida Wongpanawiroj Nationality: Thai Address : 150/21-23 Larn Luang Rd., Klongmahanak, Pomprabsatrupai, Bangkok 10100 |
2,050 |
8.20 |
|
|
Ms. Piyachart Kananurak Nationality: Thai Address : 54/31 Moo 8, Chimplee, Talingchan, Bangkok |
1,900 |
7.60 |
|
|
Mrs. Preeyanuch Veisner Nationality: Thai Address : 150/21-23 Larn Luang Rd., Klongmahanak, Pomprabsatrupai, Bangkok 10100 |
1,750 |
7.00 |
|
|
Mr. Satit Wongpanawiroj Nationality: Thai Address : 150/21-23 Larn Luang Rd., Klongmahanak,
Pomprabsatrupai,
Bangkok 10100 |
1,470 |
5.88 |
|
|
Mr. Surin Suwannakinthorn Nationality: Thai Address
: 580/20 Asoke-Dindaeng Rd.,
Huaykwang, Bangkok |
1,260 |
5.04 |
|
|
Mr. Pairin Suwannakinthorn Nationality: Thai Address
: 580/20 Asoke-Dindaeng Rd.,
Huaykwang, Bangkok |
920 |
3.68 |
|
|
Mrs. Suthathip Wongpanaviroj Nationality: Thai Address : 150/21-23 Larn Luang Rd., Klongmahanak, Pomprabsatrupai, Bangkok 10100 |
800 |
3.20 |
|
|
Mr. Suthus Termmaneerat Nationality: Thai Address : 622/5 Soi Kaewfah, Siphaya Rd., Mahapruktharam, Bangrak, Bangkok |
774 |
3.10 |
|
Total Shareholders : 12
Share Structure [as
at April 30,
2014]
|
Nationality |
Shareholders |
No. of Share |
% Shares |
|
|
|
|
|
|
Thai |
12 |
25,000 |
100.00 |
|
Foreign |
- |
- |
- |
|
Total |
12 |
25,000 |
100.00 |
NAME OF AUDITOR
& CERTIFIED PUBLIC
ACCOUNTANT NO. :
Ms. Nathawadee
Opachalermphan No. 9526
BALANCE SHEET [BAHT]
The latest financial figures published
as at December
31, 2013, 2012
& 2011 were:
ASSETS
|
Current Assets |
2013 |
2012 |
2011 |
|
|
|
|
|
|
Cash and Cash Equivalents |
124,177,195.80 |
69,168,060.32 |
59,267,107.00 |
|
Trade Accounts Receivable
|
24,657,941.47 |
28,937,548.88 |
26,840,558.68 |
|
Inventories |
130,364,132.14 |
92,076,240.27 |
32,950,314.98 |
|
Other Current Assets
|
121,768.00 |
120,616.75 |
4,971,535.79 |
|
|
|
|
|
|
Total Current Assets
|
279,321,037.41 |
190,302,466.22 |
124,029,516.45 |
|
|
|
|
|
|
Fixed Assets |
202,515,496.69 |
203,731,805.78 |
152,950,593.58 |
|
Other Non-current Assets |
8,614.00 |
8,614.00 |
8,614.00 |
|
Total Assets |
481,845,148.10 |
394,042,886.00 |
276,988,724.03 |
LIABILITIES &
SHAREHOLDERS’ EQUITY [BAHT]
|
Current
Liabilities |
2013 |
2012 |
2011 |
|
|
|
|
|
|
Bank Overdraft |
- |
4,580,434.94 |
- |
|
Trade Accounts Payable
|
576,480.69 |
464,019.77 |
967,989.29 |
|
Accrued Income Tax |
2,210,683.98 |
2,154,426.19 |
1,166,292.94 |
|
Accrued Dividend |
10,700,046.00 |
- |
- |
|
Accrued Expenses |
5,626,463.77 |
5,921,167.60 |
419,018.88 |
|
|
|
|
|
|
Total Current Liabilities |
19,113,674.44 |
13,120,048.50 |
2,553,301.11 |
|
Long-term Loan |
177,200,000.00 |
98,200,000.00 |
- |
|
Total Liabilities |
196,313,674.44 |
111,320,048.50 |
2,553,301.11 |
|
|
|
|
|
|
Shareholders' Equity |
|
|
|
|
|
|
|
|
|
Share capital : Baht 10,000
par value authorized, issued
and fully paid share
capital 25,000 shares |
250,000,000.00 |
250,000,000.00 |
250,000,000.00 |
|
|
|
|
|
|
Capital Paid |
250,000,000.00 |
250,000,000.00 |
250,000,000.00 |
|
Retained Earnings: Appropriated |
1,261,250.00 |
636,250.00 |
448,750.00 |
|
Unappropriated |
34,270,223.66 |
32,086,587.50 |
23,986,672.92 |
|
Total Shareholders' Equity |
285,531,473.66 |
282,722,837.50 |
274,435,422.92 |
|
Total Liabilities &
Shareholders' Equity |
481,845,148.10 |
394,042,886.00 |
276,988,724.03 |
PROFIT & LOSS ACCOUNT
|
Revenue |
2013 |
2012 |
2011 |
|
|
|
|
|
|
Sales Income |
204,158,149.36 |
232,791,694.63 |
184,874,070.69 |
|
Other Income |
780,599.36 |
548,653.62 |
357,853.19 |
|
Gain on Exchange Rate |
2,077,469.87 |
1,332,150.21 |
1,058,251.84 |
|
Total Revenues |
207,016,218.59 |
234,672,498.46 |
186,290,175.72 |
|
Expenses |
|
|
|
|
|
|
|
|
|
Cost of Goods
Sold |
157,815,744.18 |
187,340,477.81 |
158,073,216.66 |
|
Selling Expenses |
20,701,758.54 |
24,531,258.13 |
17,889,037.10 |
|
Administrative Expenses |
5,972,183.56 |
5,772,225.88 |
4,233,181.13 |
|
Total Expenses |
184,489,686.28 |
217,643,961.82 |
180,195,434.89 |
|
|
|
|
|
|
Profit / [Loss] before Financial Cost & Income
Tax |
22,526,532.31 |
17,028,536.64 |
6,094,740.83 |
|
Financial Costs |
[4,036,790.44] |
[1,523,712.65] |
[4,680.85] |
|
Profit / [Loss] before Income
Tax |
18,489,741.87 |
15,504,823.99 |
6,090,059.98 |
|
Income Tax |
[3,806,105.71] |
[3,654,909.41] |
[1,844,871.31] |
|
|
|
|
|
|
Net Profit / [Loss] |
14,683,636.16 |
11,849,914.58 |
4,245,188.67 |
FINANCIAL ANALYSIS
|
ITEM |
UNIT |
2013 |
2012 |
2011 |
|
|
|
|
|
|
|
LIQUIDITY RATIO |
|
|
|
|
|
CURRENT RATIO |
TIMES |
14.61 |
14.50 |
48.58 |
|
QUICK RATIO |
TIMES |
7.79 |
7.48 |
33.72 |
|
|
|
|
|
|
|
ACTIVITY RATIO |
|
|
|
|
|
FIXED ASSETS TURNOVER |
TIMES |
1.01 |
1.14 |
1.21 |
|
TOTAL ASSETS TURNOVER |
TIMES |
0.42 |
0.59 |
0.67 |
|
INVENTORY CONVERSION PERIOD |
DAYS |
301.51 |
179.39 |
76.08 |
|
INVENTORY TURNOVER |
TIMES |
1.21 |
2.03 |
4.80 |
|
RECEIVABLES CONVERSION PERIOD |
DAYS |
44.08 |
45.37 |
52.99 |
|
RECEIVABLES TURNOVER |
TIMES |
8.28 |
8.04 |
6.89 |
|
PAYABLES CONVERSION PERIOD |
DAYS |
1.33 |
0.90 |
2.24 |
|
CASH CONVERSION CYCLE |
DAYS |
344.26 |
223.86 |
126.84 |
|
|
|
|
|
|
|
PROFITABILITY
RATIO |
|
|
|
|
|
COST OF GOODS SOLD |
% |
77.30 |
80.48 |
85.50 |
|
SELLING & ADMINISTRATION |
% |
13.07 |
13.02 |
11.97 |
|
INTEREST |
% |
1.98 |
0.65 |
0.00 |
|
GROSS PROFIT MARGIN |
% |
24.10 |
20.33 |
15.26 |
|
NET PROFIT MARGIN BEFORE EX. ITEM |
% |
11.03 |
7.31 |
3.30 |
|
NET PROFIT MARGIN |
% |
7.19 |
5.09 |
2.30 |
|
RETURN ON EQUITY |
% |
5.14 |
4.19 |
1.55 |
|
RETURN ON ASSET |
% |
3.05 |
3.01 |
1.53 |
|
EARNING PER SHARE |
BAHT |
587.35 |
474.00 |
169.81 |
|
|
|
|
|
|
|
LEVERAGE RATIO |
|
|
|
|
|
DEBT RATIO |
TIMES |
0.41 |
0.28 |
0.01 |
|
DEBT TO EQUITY RATIO |
TIMES |
0.69 |
0.39 |
0.01 |
|
TIME INTEREST EARNED |
TIMES |
5.58 |
11.18 |
1,302.06 |
|
|
|
|
|
|
|
ANNUAL GROWTH |
|
|
|
|
|
SALES GROWTH |
% |
(12.30) |
25.92 |
|
|
OPERATING PROFIT |
% |
32.29 |
179.40 |
|
|
NET PROFIT |
% |
23.91 |
179.14 |
|
|
FIXED ASSETS |
% |
(0.60) |
33.20 |
|
|
TOTAL ASSETS |
% |
22.28 |
42.26 |
|
ANNUAL GROWTH :
SATISFACTORY
An annual sales growth is -12.3%. Turnover has decreased from THB
232,791,694.63 in 2012 to THB 204,158,149.36 in 2013. While net profit has
increased from THB 11,849,914.58 in 2012 to THB 14,683,636.16 in 2013. And
total assets has increased from THB 394,042,886.00 in 2012 to THB
481,845,148.10 in 2013.
PROFITABILITY :
SATISFACTORY
PROFITABILITY
RATIO
|
Gross Profit Margin |
24.10 |
Impressive |
Industrial Average |
15.94 |
|
Net Profit Margin |
7.19 |
Impressive |
Industrial Average |
3.15 |
|
Return on Assets |
3.05 |
Acceptable |
Industrial Average |
5.63 |
|
Return on Equity |
5.14 |
Deteriorated |
Industrial Average |
12.58 |
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. Gross Profit Margin is 24.1%. 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. Net Profit Margin ratio is 7.19%,
higher figure when compared with those of its average competitors in the same
industry, indicated that business was an efficient operator in a dominant
position within its industry.
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 3.05%.
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 5.14%.
Trend of the
average competitors in the same industry for last 5 years
Return on Assets Uptrend
Return on Equity Uptrend
LIQUIDITY :
SATISFACTORY
LIQUIDITY RATIO
|
Current Ratio |
14.61 |
Impressive |
Industrial Average |
1.86 |
|
Quick Ratio |
7.79 |
|
|
|
|
Cash Conversion Cycle |
344.26 |
|
|
|
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 14.61 times in 2013, increase
from 14.5 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 higher, indicated that company was an efficient operator in a
dominant position within its industry.
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 7.79 times in 2013,
increase from 7.48 times, although excluding inventory so the company still
have good short-term financial strength.
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 345 days.
Trend of the
average competitors in the same industry for last 5 years
Current Ratio Uptrend
LEVERAGE :
EXCELLENT
LEVERAGE RATIO
|
Debt Ratio |
0.41 |
Impressive |
Industrial Average |
0.54 |
|
Debt to Equity Ratio |
0.69 |
Impressive |
Industrial Average |
1.16 |
|
Times Interest Earned |
5.58 |
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 lower the percentage means that the company is
using less leverage and has a stronger equity position.
Times Interest Earned measuring a company's ability to meet its debt
obligations. Ratio is 5.59 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 0.41 less than 0.5, most of the company's
assets are financed through equity.
Trend of the
average competitors in the same industry for last 5 years
Debt Ratio Downtrend
Times Interest Earned Stable
ACTIVITY :
SATISFACTORY
ACTIVITY RATIO
|
Fixed Assets Turnover |
1.01 |
Impressive |
Industrial Average |
- |
|
Total Assets Turnover |
0.42 |
Deteriorated |
Industrial Average |
1.79 |
|
Inventory Conversion Period |
301.51 |
|
|
|
|
Inventory Turnover |
1.21 |
Deteriorated |
Industrial Average |
3.68 |
|
Receivables Conversion Period |
44.08 |
|
|
|
|
Receivables Turnover |
8.28 |
Impressive |
Industrial Average |
4.48 |
|
Payables Conversion Period |
1.33 |
|
|
|
The company's Account Receivable Ratio is calculated as 8.28 and 8.04 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
increased from 2012. This would suggest the company had good performance 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 179 days at the
end of 2012 to 302 days at the end of 2013. This represents a negative trend.
And Inventory turnover has decreased from 2.03 times in year 2012 to 1.21 times
in year 2013.
The company's Total Asset Turnover is calculated as 0.42 times and 0.59
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.60.78 |
|
|
1 |
Rs.99.29 |
|
Euro |
1 |
Rs.78.16 |
INFORMATION DETAILS
|
Analysis Done by
: |
DIV |
|
|
|
|
Report Prepared
by : |
PDT |
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.