MIRA
INFORM REPORT
|
Report Date : |
25.09.2014 |
IDENTIFICATION DETAILS
|
Name : |
SIGNATURE IMPEX CO., LTD. |
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Formerly Known As : |
BHARGAV GEMS CO., LTD. |
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Registered Office : |
Gemopolis
Industrial Estate, 3rd Floor,
40/2 Soi 31,
Sukhapibal 2 Road, Dokmai, Pravet,
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Country : |
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Financials (as on) : |
31.12.2013 |
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Date of Incorporation : |
08.07.1996 |
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Com. Reg. No.: |
0105539075349 |
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Legal Form : |
Private Limited Company |
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Line of Business : |
Trader of Diamonds and Jewelry Products |
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No of Employees : |
20 |
RATING & COMMENTS
|
MIRA’s Rating : |
B |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
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Status : |
Moderate |
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Payment Behaviour : |
Slow But Correct |
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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 01, 2014
|
Country Name |
Previous Rating (31.03.2014) |
Current Rating (01.06.2014) |
|
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 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
SIGNATURE
IMPEX CO., LTD.
[FORMER : BHARGAV GEMS
CO., LTD.]
SUMMARY
BUSINESS
ADDRESS : GEMOPOLIS INDUSTRIAL
ESTATE,
3rd FLOOR,
40/2 SOI 31,
SUKHAPIBAL 2 ROAD,
DOKMAI, PRAVET,
BANGKOK 10250, THAILAND
TELEPHONE : [66] 2727-0297 ,
2727-0519-21
FAX :
[66] 2727-0296
E-MAIL
ADDRESS : info@signatureimpex.com
REGISTRATION
ADDRESS : SAME
AS BUSINESS ADDRESS
ESTABLISHED
: 1996
REGISTRATION
NO. : 0105539075349
TAX
ID NO. : 3011743157
CAPITAL REGISTERED : BHT. 32,000,000
CAPITAL PAID-UP : BHT.
32,000,000
SHAREHOLDER’S PROPORTION : THAI :
51%
FOREIGN :
49%
FISCAL YEAR CLOSING DATE : DECEMBER 31
LEGAL
STATUS : PRIVATE LIMITED
COMPANY
EXECUTIVE : MR.
NILESH KUMAR BHOLABHAI
PATEL, INDIAN
MANAGING DIRECTOR
NO.
OF STAFF : 20
LINES
OF BUSINESS : DIAMONDS AND
JEWELRY PRODUCTS
TRADER
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 8, 1996
as a private
limited company under
the registered name
BHARGAV GEMS CO.,
LTD., by Indian
groups, in order
to operate as a jewelry
trader. On May
27, 2005, the
subject’s name was
changed to SIGNATURE
IMPEX CO., LTD.
It currently employs
20 staff.
Presently,
the subject became
a joint venture
between Thai and Indian Groups.
The
subject’s registered address
was initially at 7/6 Soi
Suwansawat, Rama 4 Rd., Thungmahamek,
Sathorn, Bangkok 10120.
On
May 9, 2004,
subject’s registered address
was changed to
1535/108 Chan Rd.,
Thungwatdon, Sathorn, Bangkok
10120.
On June 6, 2007, the
subject’s registered address was
relocated to 3rd Flr., Gemopolis Industrial Estate, 40/2 Soi 31,
Sukhapibal 2 Rd., Dokmai, Pravet,
Bangkok 10250, and
this is the
subject’s current operation address.
THE BOARD
OF DIRECTORS
|
Name |
|
Nationality |
Age |
|
|
|
|
|
|
Mr. Nilesh Kumar Bholabhai Patel |
|
Indian |
35 |
AUTHORIZED PERSON
The above director
signs on behalf
of the subject
with company’s affixed.
MANAGEMENT
Mr. Nilesh Kumar
Bholabhai Patel is
the Managing Director.
He is Indian
nationality with the
age of 35 years
old.
BUSINESS OPERATIONS
The
subject is engaged
in importing and
distributing diamonds and gemstones
for jewelry production,
as well as
exporting precious, semi-precious
stones, fashion accessories, diamond
& gemstones, jewelry and
silverware products to
worldwide market.
The
subject hires local
manufactures for the production
of silverware and
jewelry products.
IMPORT
Diamonds and gemstones
are imported from
India, Belgium, South Africa and Hong Kong.
EXPORT
The
products are sold
to customers both
domestic and international
markets, which 80%
of the products
is exported to Germany, France,
Belgium, Canada, Switzerland,
Japan, United Kingdom,
Italy, Hong Kong, Republic of
China, India, Kuwait,
Bahrain, United States
of America and
the countries in
Middle East, and
the remaining 20%
is sold locally.
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
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.
[Head
Office : 333 Silom
Rd., Silom, Bangrak, Bangkok
10500]
Kasikornbank
Public Co., Ltd.
EMPLOYMENT
The
subject employs approximately
20 staff [office
and sales staff].
LOCATION DETAILS
The
premise is rented
for administrative office
at the heading
address. Premise is
located in
commercial/residential area.
COMMENT
The subject’s
business in the
previous year was
brisk due to consumption
improvement from export
markets in Asian region. Market
expansion had increased its
sales revenue in
the previous year.
However, since
the beginning of
2013, consumers confidence
has drastically dropped
as they were increasingly concerned
about an economic
uncertainty, especially domestic
consumers are concerned
of their future
income and higher
living expenses.
Its business
outcome in 2013
remained brisk from
exports markets, while
domestic consumption is
relatively slow.
FINANCIAL INFORMATION
The
capital was initially
registered at Bht. 4,000,000 divided
into 40,000 shares of Bht.
100 each.
The
capital was increased
later as follows:
Bht. 6,000,000
on December 13,
2001
Bht. 20,000,000
on December 19,
2002
Bht. 32,000,000
on April 11,
2006
The
latest registered capital
was increased to
Bht. 32,000,000 divided into
320,000 shares of
Bht. 100 each
with fully paid.
MAIN SHAREHOLDERS : [as
at April 30,
2014]
|
NAME |
HOLDING |
% |
|
|
|
|
|
Mr. Montri Hattafuengfoo Nationality: Thai Address : 12/479
Moo 15, T. Bangkaew, A.
Bangplee, Samutprakarn |
60,000 |
18.75 |
|
Tresor First Worldwide
Pte. Ltd. Nationality: Singaporean Address : 96 Robinson Road, #16-01
SIF Building,
Singapore 068899 |
56,000 |
17.50 |
|
Mrs. Jayaben Bholabhai Patel Nationality: Indian Address : Mumbai,
India |
50,000 |
15.625 |
|
Mrs. Damista Bagawkumar
Patel Nationality: Indian Address : Mumbai,
India |
50,000 |
15.625 |
|
Ms. Sasiwan Phanpoka Nationality: Thai Address : 200/182
Moo 8, T. Kukot,
A. Lamlukka, Pathumthani |
34,400 |
10.75 |
|
Ms. Taweesin Saengsomsap Nationality: Thai Address : 70
Soi Sutthisarn 21,
Samsennai, Phayathai, Bangkok |
34,400 |
10.75 |
|
Mr. Viwat Pongkeeratikarn Nationality: Thai Address : 550/217
Asoke-Dindaeng Road, Dindaeng, Bangkok |
12,200 |
3.81 |
|
Other Shareholders |
23,000 |
7.19 |
Total Shareholder : 11
Share Structure [as
at April 30,
2014]
|
Nationality |
Shareholders |
No. of
Share |
% Shares |
|
|
|
|
|
|
Thai |
8 |
163,200 |
51.00 |
|
Foreign |
3 |
156,800 |
49.00 |
|
Total |
11 |
320,000 |
100.00 |
NAME OF AUDITOR
& CERTIFIED PUBLIC
ACCOUNTANT NO. :
Ms. Amornrat Boontanakorn No.
4769
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 |
91,221.53 |
10,660.62 |
345,610.93 |
|
Trade Accounts & Other
Receivable |
114,101,145.05 |
320,996,672.34 |
227,242,609.18 |
|
Inventories |
137,018,096.93 |
481,858,499.60 |
80,234,293.09 |
|
Other Current Assets |
82,037.32 |
161,013.63 |
78,011.70 |
|
|
|
|
|
|
Total Current Assets
|
251,292,500.83 |
803,026,846.19 |
307,900,524.90 |
|
Real Estate for Investment |
13,258,987.69 |
13,860,512.66 |
14,462,037.63 |
|
Fixed Assets |
12,887,449.67 |
13,748,635.48 |
13,861,857.28 |
|
Intangible Assets |
39,625.95 |
147,238.35 |
254,850.75 |
|
Other Non-current Assets |
37,000.00 |
37,000.00 |
27,000.00 |
|
Total Assets |
277,515,564.14 |
830,820,232.68 |
336,506,270.56 |
LIABILITIES &
SHAREHOLDERS' EQUITY [BAHT]
|
Current Liabilities |
2013 |
2012 |
2011 |
|
|
|
|
|
|
Bank Overdraft and Short-term Loan from Financial Institutions |
3,252,977.95 |
25,739,985.97 |
- |
|
Trade Accounts & Other
Payable |
228,936,485.89 |
759,821,836.58 |
292,163,731.94 |
|
Current Portion of Long-term
Loans |
1,851,428.35 |
2,527,357.50 |
2,509,373.43 |
|
Short-term Loan from Person or Related Company |
- |
665,162.68 |
- |
|
Accrued Income Tax |
415,252.36 |
478,063.33 |
251,245.79 |
|
Other Current Liabilities |
24,200.00 |
9,000.00 |
39,800.00 |
|
|
|
|
|
|
Total Current Liabilities |
234,480,344.55 |
789,241,406.06 |
294,964,151.16 |
|
Long-term Loan, Net of Current Portion |
- |
1,849,534.78 |
4,377,490.05 |
|
Other Non-current Liabilities |
292,500.00 |
102,500.00 |
52,500.00 |
|
Total Liabilities |
234,772,844.55 |
791,193,440.84 |
299,394,141.21 |
|
|
|
|
|
|
Shareholders' Equity |
|
|
|
|
|
|
|
|
|
Share capital : Baht 100
par value authorized, issued
and fully paid share
capital 320,000 shares
|
32,000,000.00 |
32,000,000.00 |
32,000,000.00 |
|
|
|
|
|
|
Capital Paid |
32,000,000.00 |
32,000,000.00 |
32,000,000.00 |
|
Retained Earning - Unappropriated
|
10,742,719.59 |
7,626,791.84 |
5,112,129.35 |
|
Total Shareholders' Equity |
42,742,719.59 |
39,626,791.84 |
37,112,129.35 |
|
Total Liabilities &
Shareholders' Equity |
277,515,564.14 |
830,820,232.68 |
336,506,270.56 |
PROFIT &
LOSS ACCOUNT
|
Revenue |
2013 |
2012 |
2011 |
|
|
|
|
|
|
Sales |
724,161,042.00 |
658,617,644.34 |
609,185,447.74 |
|
Rental Income |
1,715,000.00 |
1,060,000.00 |
690,000.00 |
|
Other Income |
1,093,044.67 |
5,086,239.06 |
6,613,170.11 |
|
Total Revenues |
726,969,086.67 |
664,763,883.40 |
616,488,617.85 |
|
Expenses |
|
|
|
|
|
|
|
|
|
Cost of Goods
Sold |
708,269,424.19 |
648,321,768.76 |
599,857,389.29 |
|
Selling Expenses |
6,562,110.45 |
6,963,953.61 |
3,137,517.41 |
|
Administrative Expenses |
7,315,462.09 |
5,579,101.31 |
10,718,331.49 |
|
Total Expenses |
722,146,996.73 |
660,864,823.68 |
613,713,238.19 |
|
|
|
|
|
|
Profit / [Loss] before
Financial Cost & Income Tax |
4,822,089.94 |
3,899,059.72 |
2,7755,379.66 |
|
Financial Cost |
[866,909.83] |
[628,366.76] |
[648,409.72] |
|
|
|
|
|
|
Profit / [Loss] before Income
Tax |
3,955,180.11 |
3,270,692.96 |
2,126,969.94 |
|
Income Tax |
[839,252.36] |
[756,030.47] |
[646,870.79] |
|
Net Profit / [Loss] |
3,115,927.75 |
2,514,662.49 |
1,480,099.15 |
FINANCIAL ANALYSIS
|
ITEM |
UNIT |
2013 |
2012 |
2011 |
|
|
|
|
|
|
|
LIQUIDITY RATIO |
|
|
|
|
|
CURRENT RATIO |
TIMES |
1.07 |
1.02 |
1.04 |
|
QUICK RATIO |
TIMES |
0.49 |
0.41 |
0.77 |
|
|
|
|
|
|
|
ACTIVITY RATIO |
|
|
|
|
|
FIXED ASSETS TURNOVER |
TIMES |
56.32 |
47.98 |
44.00 |
|
TOTAL ASSETS TURNOVER |
TIMES |
2.62 |
0.79 |
1.81 |
|
INVENTORY CONVERSION PERIOD |
DAYS |
70.61 |
271.28 |
48.82 |
|
INVENTORY TURNOVER |
TIMES |
5.17 |
1.35 |
7.48 |
|
RECEIVABLES CONVERSION PERIOD |
DAYS |
57.37 |
177.61 |
136.00 |
|
RECEIVABLES TURNOVER |
TIMES |
6.36 |
2.06 |
2.68 |
|
PAYABLES CONVERSION PERIOD |
DAYS |
117.98 |
427.77 |
177.78 |
|
CASH CONVERSION CYCLE |
DAYS |
10.01 |
21.12 |
7.05 |
|
|
|
|
|
|
|
PROFITABILITY
RATIO |
|
|
|
|
|
COST OF GOODS SOLD |
% |
97.57 |
98.28 |
98.36 |
|
SELLING & ADMINISTRATION |
% |
1.91 |
1.90 |
2.27 |
|
INTEREST |
% |
0.12 |
0.10 |
0.11 |
|
GROSS PROFIT MARGIN |
% |
2.58 |
2.49 |
2.73 |
|
NET PROFIT MARGIN BEFORE EX. ITEM |
% |
0.66 |
0.59 |
0.46 |
|
NET PROFIT MARGIN |
% |
0.43 |
0.38 |
0.24 |
|
RETURN ON EQUITY |
% |
7.29 |
6.35 |
3.99 |
|
RETURN ON ASSET |
% |
1.12 |
0.30 |
0.44 |
|
EARNING PER SHARE |
BAHT |
9.74 |
7.86 |
4.63 |
|
|
|
|
|
|
|
LEVERAGE RATIO |
|
|
|
|
|
DEBT RATIO |
TIMES |
0.85 |
0.95 |
0.89 |
|
DEBT TO EQUITY RATIO |
TIMES |
5.49 |
19.97 |
8.07 |
|
TIME INTEREST EARNED |
TIMES |
5.56 |
6.21 |
4.28 |
|
|
|
|
|
|
|
ANNUAL GROWTH |
|
|
|
|
|
SALES GROWTH |
% |
10.03 |
8.17 |
|
|
OPERATING PROFIT |
% |
23.67 |
40.49 |
|
|
NET PROFIT |
% |
23.91 |
69.90 |
|
|
FIXED ASSETS |
% |
(6.26) |
(0.82) |
|
|
TOTAL ASSETS |
% |
(66.60) |
146.90 |
|
ANNUAL GROWTH : SATISFACTORY
An annual sales growth is 10.03%. Turnover has increased from THB
659,677,644.34 in 2012 to THB 725,876,042.00 in 2013. While net profit has
increased from THB 2,514,662.49 in 2012 to THB 3,115,927.75 in 2013. And total
assets has decreased from THB 830,820,232.68 in 2012 to THB 277,515,564.14 in
2013.
PROFITABILITY : ACCEPTABLE
PROFITABILITY RATIO
|
Gross Profit Margin |
2.58 |
Satisfactory |
Industrial Average |
3.01 |
|
Net Profit Margin |
0.43 |
Acceptable |
Industrial Average |
0.58 |
|
Return on Assets |
1.12 |
Deteriorated |
Industrial Average |
3.55 |
|
Return on Equity |
7.29 |
Acceptable |
Industrial Average |
14.14 |
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 2.58%. 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 0.43%.
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 1.12%.
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 7.29%.
Trend of the
average competitors in the same industry for last 5 years
Return on Assets Uptrend
Return on Equity Uptrend
LIQUIDITY : ACCEPTABLE
LIQUIDITY RATIO
|
Current Ratio |
1.07 |
Acceptable |
Industrial Average |
1.60 |
|
Quick Ratio |
0.49 |
|
|
|
|
Cash Conversion Cycle |
10.01 |
|
|
|
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 1.07 times in 2013, increased from 1.02 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 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 0.49 times in 2013,
increased from 0.41 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 11 days.
Trend of the
average competitors in the same industry for last 5 years
Current Ratio Uptrend
LEVERAGE : ACCEPTABLE
LEVERAGE RATIO
|
Debt Ratio |
0.85 |
Acceptable |
Industrial Average |
0.73 |
|
Debt to Equity Ratio |
5.49 |
Risky |
Industrial Average |
2.73 |
|
Times Interest Earned |
5.56 |
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 5.57 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 0.85 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 |
56.32 |
Impressive |
Industrial Average |
- |
|
Total Assets Turnover |
2.62 |
Deteriorated |
Industrial Average |
6.16 |
|
Inventory Conversion Period |
70.61 |
|
|
|
|
Inventory Turnover |
5.17 |
Deteriorated |
Industrial Average |
12.03 |
|
Receivables Conversion Period |
57.37 |
|
|
|
|
Receivables Turnover |
6.36 |
Satisfactory |
Industrial Average |
8.23 |
|
Payables Conversion Period |
117.98 |
|
|
|
The company's Account Receivable Ratio is calculated as 6.36 and 2.06 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 decreased from 271 days at the
end of 2012 to 71 days at the end of 2013. This represents a positive trend.
And Inventory turnover has increased from 1.35 times in year 2012 to 5.17 times
in year 2013.
The company's Total Asset Turnover is calculated as 2.62 times and 0.79
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
|
Key Areas |
Score |
Weight |
Weighted
Score |
|
LIQUIDITY RATIO |
1.78 |
25.00 |
44.50 |
|
ACTIVITY RATIO |
1.67 |
20.00 |
33.40 |
|
PROFITABILITY
RATIO |
1.33 |
25.00 |
33.25 |
|
LEVERAGE RATIO |
1.78 |
10.00 |
17.80 |
|
ANNUAL GROWTH |
2.40 |
20.00 |
48.00 |
|
Total Weight
(excluding - - Score) |
|
100.00 |
|
|
|
|
|
176.95 |
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs. 61.03 |
|
|
1 |
Rs. 99.99 |
|
Euro |
1 |
Rs. 78.37 |
INFORMATION DETAILS
|
Analysis Done by
: |
KRN |
|
|
|
|
Report Prepared
by : |
SDA |
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.