|
Report No. : |
315478 |
|
Report Date : |
04.04.2015 |
IDENTIFICATION DETAILS
|
Name : |
LAM SOON EDIBLE
OILS SINGAPORE PTE. LTD. |
|
|
|
|
Formerly Known As : |
LAM SOON ALLIANCE PTE LTD LAM SOON FOOD SERVICE PTE LTD |
|
|
|
|
Registered Office : |
15, Scotts Road, 05-01, Thong Teck Building, 228218 |
|
|
|
|
Country : |
Malaysia |
|
|
|
|
Financials (as on) : |
31.12.2013 |
|
|
|
|
Date of Incorporation : |
21.03.1994 |
|
|
|
|
Com. Reg. No.: |
199401927-G |
|
|
|
|
Legal Form : |
Exempt Private |
|
|
|
|
Line of Business : |
Wholesale of Palm Oil. |
|
|
|
|
No. of Employees : |
Not Available |
RATING & COMMENTS
|
MIRA’s Rating : |
C |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
<10 |
C |
Absolute credit risk exists. Caution needed to be exercised |
Credit not
recommended |
|
Status : |
Moderate |
|
|
|
|
Payment Behaviour : |
Unknown |
|
|
|
|
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 – December 31, 2014
|
Country Name |
Previous Rating (30.09.2014) |
Current Rating (31.12.2014) |
|
Malaysia |
A2 |
A2 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
|
Moderate |
B1 |
|
High |
B2 |
|
Very High |
C1 |
|
Restricted |
C2 |
|
Off-credit |
D |
MALAYSIA - ECONOMIC OVERVIEW
Malaysia, a middle-income country,
has transformed itself since the 1970s from a producer of raw materials into an
emerging multi-sector economy. Under current Prime Minister NAJIB, Malaysia is
attempting to achieve high-income status by 2020 and to move farther up the
value-added production chain by attracting investments in Islamic finance, high
technology industries, biotechnology, and services. NAJIB's Economic
Transformation Program (ETP) is a series of projects and policy measures
intended to accelerate the country's economic growth. The government has also
taken steps to liberalize some services sub-sectors. The NAJIB administration
also is continuing efforts to boost domestic demand and reduce the economy's
dependence on exports. Nevertheless, exports - particularly of electronics, oil
and gas, palm oil and rubber - remain a significant driver of the economy. As
an oil and gas exporter, Malaysia has profited from higher world energy prices,
although the rising cost of domestic gasoline and diesel fuel, combined with
sustained budget deficits, has forced Kuala Lumpur to begin to address fiscal
shortfalls, through initial reductions in energy and sugar subsidies and the
announcement of the 2015 implementation of a 6% goods and services tax. The
government is also trying to lessen its dependence on state oil producer
Petronas. The oil and gas sector supplies about 32% of government revenue in
2013. Bank Negara Malaysia (central bank) maintains healthy foreign exchange
reserves, and a well-developed regulatory regime has limited Malaysia's
exposure to riskier financial instruments and the global financial crisis.
Nevertheless, Malaysia could be vulnerable to a fall in commodity prices or a
general slowdown in global economic activity because exports are a major
component of GDP. In order to attract increased investment, NAJIB earlier
raised possible revisions to the special economic and social preferences
accorded to ethnic Malays under the New Economic Policy of 1970, but retreated
in 2013 after he encountered significant opposition from Malay nationalists and
other vested interests. In September 2013 NAJIB launched the new Bumiputra
Economic Empowerment Program (BEEP), policies that favor and advance the
economic condition of ethnic Malays.
|
Source
: CIA |
|
REGISTRATION
NO. |
: |
199401927-G |
|
COMPANY
NAME |
: |
LAM
SOON EDIBLE OILS SINGAPORE PTE. LTD. |
|
FORMER
NAME |
: |
LAM
SOON ALLIANCE PTE LTD (03/07/2003) |
|
INCORPORATION
DATE |
: |
21/03/1994 |
|
COMPANY
STATUS |
: |
EXIST |
|
LEGAL
FORM |
: |
EXEMPT
PRIVATE |
|
LISTED
STATUS |
: |
NO |
|
REGISTERED
ADDRESS |
: |
15,
SCOTTS ROAD, 05-01, THONG TECK BUILDING, 228218, SINGAPORE. |
|
BUSINESS
ADDRESS |
: |
3000,
MARSILING ROAD, 739108, SINGAPORE. |
|
TEL.NO. |
: |
65-67633989 |
|
FAX.NO. |
: |
65-67634198 |
|
WEB
SITE |
: |
WWW.LAMSOONGROUP.COM |
|
CONTACT
PERSON |
: |
WHANG
TAR LIANG ( DIRECTOR ) |
|
PRINCIPAL
ACTIVITY |
: |
WHOLESALE
OF PALM OIL |
|
ISSUED
AND PAID UP CAPITAL |
: |
20,002.00
ORDINARY SHARE, OF A VALUE OF SGD 20,002.00 |
|
SALES |
: |
N/A |
|
NET
WORTH |
: |
SGD
(4,510) [2013] |
|
STAFF
STRENGTH |
: |
N/A |
|
LITIGATION |
: |
CLEAR |
|
FINANCIAL
CONDITION |
: |
N/A |
|
PAYMENT |
: |
N/A |
|
MANAGEMENT
CAPABILITY |
: |
WEAK |
|
COMMERCIAL
RISK |
: |
MODERATE |
|
CURRENCY
EXPOSURE |
: |
MODERATE |
|
GENERAL
REPUTATION |
: |
SATISFACTORY |
|
INDUSTRY
OUTLOOK |
: |
AVERAGE
GROWTH |
HISTORY
/ BACKGROUND
|
The Subject is an exempt private company
whose shares are not held by any corporate body and has no more than 20
shareholders who are all natural persons. An exempt company is a type of
private limited company. A private limited company is a separate legal entity
from its shareholders. As a separate legal entity, the Subject is capable of
owning assets, entering into contracts, suing or be sued by other companies. An
exempt private company with an annual turnover of less than SGD5 million are
exempted from statutory auditing requirements. Instead of filing audited annual
accounts, the Subject has to file in a document duly signed by its director in
charge of its finance and the company secretary stating that the Subject is
able to meet all its obligations as and when they fall due. The Subject is not
required to have their accounts audited. However, the Subject will prepare
unaudited accounts for purposes of AGMs and filing with Registry Office if it
is unable to meet all its obligations as and when they fall due .
The
Subject is principally engaged in the (as a / as an) wholesale of palm oil.
Share
Capital History
|
Date |
Issue
& Paid Up Capital |
|
02/04/2015 |
SGD
20,002.00 |
The
major shareholder(s) of the Subject are shown as follows :
|
Name |
Address |
IC/PP/Loc
No |
Shareholding |
(%) |
|
WHANG
TAR LIANG + |
36,
BIN TONG PARK, BIN TONG PARK, 269817, SINGAPORE. |
S0089840F |
10,001.00 |
50.00 |
|
WHANG
SHANG YING + |
26A,
TUDOR CLOSE, DUNEARN ESTATE, 297953, SINGAPORE. |
S1483019G |
10,001.00 |
50.00 |
|
--------------- |
------ |
|||
|
20,002.00 |
100.00 |
|||
|
============ |
===== |
+
Also Director
DIRECTORS
|
DIRECTOR
1
|
Name
Of Subject |
: |
WHANG
TAR LIANG |
|
Address |
: |
36,
BIN TONG PARK, BIN TONG PARK, 269817, SINGAPORE. |
|
IC
/ PP No |
: |
S0089840F |
|
Nationality |
: |
SINGAPOREAN |
|
Date
of Appointment |
: |
20/12/2000 |
DIRECTOR
2
|
Name
Of Subject |
: |
WHANG
SHANG YING |
|
Address |
: |
26A,
TUDOR CLOSE, DUNEARN ESTATE, 297953, SINGAPORE. |
|
IC
/ PP No |
: |
S1483019G |
|
Nationality |
: |
SINGAPOREAN |
|
Date
of Appointment |
: |
14/10/1994 |
|
1)
|
Name
of Subject |
: |
WHANG
TAR LIANG |
|
Position |
: |
DIRECTOR |
|
Auditor |
: |
H.
WEE & CO. |
|
Auditor'
Address |
: |
N/A |
|
1)
|
Company
Secretary |
: |
CHIA
SZE KANG |
|
IC
/ PP No |
: |
S2736209E |
|
|
Address |
: |
531,
PASIR RIS DRIVE, 1, 07-308, 510531, SINGAPORE. |
|
No Banker found in our databank.
ENCUMBRANCE
(S)
|
No encumbrance was found in our databank at the time of investigation.
LITIGATION
CHECK AGAINST SUBJECT
|
* A check has been conducted in our databank againt the Subject whether the
subject has been involved in any litigation.
No legal action was found in our databank.
No winding up petition was found in our databank.
PAYMENT
RECORD
|
|
||
|
SOURCES
OF RAW MATERIALS: |
||
|
Local |
: |
N/A |
|
Overseas |
: |
N/A |
The Subject refused to disclose its suppliers.
CLIENTELE
|
|
Local |
: |
YES |
|||
|
Domestic
Markets |
: |
SINGAPORE |
|||
|
Overseas |
: |
YES |
|||
|
Export
Market |
: |
WORLDWIDE |
|||
|
Credit
Term |
: |
N/A |
|||
|
Payment
Mode |
: |
CHEQUES |
|||
OPERATIONS
|
|
Goods
Traded |
: |
PALM
OIL |
|
|
Branch |
: |
NO
|
Other
Information:
The Subject is principally engaged in the (as a / as an) wholesale of palm oil.
Lam Soon Group business activities comprise of plantation/milling, refining of
cooking oil to the manufacturing of margarine, specialty fats, soap and
detergent and olechemicals.
The Group's products are manufactured to the highest international standards
including ISO 9002, ISO 14001, GMP (Good Manufacturing Practice) and HACCP
(Hazard Analysis Critical Control Points) awarded to its factories in Malaysia
and Thailand.
Besides own brands, Lam Soon also provides contract manufacturing services,
especially for soap.
CURRENT
INVESTIGATION
|
Latest
fresh investigations carried out on the Subject indicated that :
|
Telephone
Number Provided By Client |
: |
N/A |
|
Current
Telephone Number |
: |
65-67633989 |
|
Match |
: |
N/A |
|
Address
Provided by Client |
: |
LOT
10, JALAN TIMAH, P O BOX 70, 81707 PASIR GUDANG JOHOR DARUL TAKZIM |
|
Current
Address |
: |
3000,
MARSILING ROAD, 739108, SINGAPORE. |
|
Match |
: |
NO |
Other
Investigations
We contacted one of the staff from the Subject's registered office and he
provided some information.
The address provided belongs to the Group's factory.
He refused to disclose the Subject bankers and number of employees.
The Subject refused to disclose its turnover.
FINANCIAL
ANALYSIS
|
|
The
Subject's turnover was nil during the year indicate that it was inactive. As
a result, we are unable to comment on its financial performance. |
||||||
|
Overall
financial condition of the Subject : N/A |
||||||
|
Major
Economic Indicators : |
2009 |
2010 |
2011 |
2012 |
2013 |
|
|
|||||
|
Population
(Million) |
4.98 |
5.08 |
5.18 |
5.31 |
5.40 |
|
Gross
Domestic Products ( % ) |
(0.8) |
14.5 |
4.9 |
1.3 |
3.7 |
|
Consumer
Price Index |
0.6 |
2.8 |
5.2 |
4.6 |
2.4 |
|
Total
Imports (Million) |
356,299.3 |
423,221.8 |
459,655.1 |
474,554.0 |
466,762.0 |
|
Total
Exports (Million) |
391,118.1 |
478,840.7 |
514,741.2 |
510,329.0 |
513,391.0 |
|
|
|||||
|
Unemployment
Rate (%) |
3.2 |
2.2 |
2.1 |
2.0 |
1.9 |
|
Tourist
Arrival (Million) |
9.68 |
11.64 |
13.17 |
14.49 |
15.46 |
|
Hotel
Occupancy Rate (%) |
75.8 |
85.6 |
86.5 |
86.4 |
86.3 |
|
Cellular
Phone Subscriber (Million) |
1.37 |
1.43 |
1.50 |
1.52 |
1.97 |
|
|
|||||
|
Registration
of New Companies (No.) |
26,414 |
29,798 |
32,317 |
31,892 |
37,288 |
|
Registration
of New Companies (%) |
4.3 |
12.8 |
8.5 |
(1.3) |
9.8 |
|
Liquidation
of Companies (No.) |
22,393 |
15,126 |
19,005 |
17,218 |
17,369 |
|
Liquidation
of Companies (%) |
113.4 |
(32.5) |
25.6 |
9.4 |
(5.3) |
|
|
|||||
|
Registration
of New Businesses (No.) |
26,876 |
23,978 |
23,494 |
24,788 |
22,893 |
|
Registration
of New Businesses (%) |
8.15 |
(10.78) |
2.02 |
5.51 |
1.70 |
|
Liquidation
of Businesses (No.) |
23,552 |
24,211 |
23,005 |
22,489 |
22,598 |
|
Liquidation
of Businesses (%) |
11.4 |
2.8 |
(5) |
(2.2) |
0.5 |
|
|
|||||
|
Bankruptcy
Orders (No.) |
2,058 |
1,537 |
1,527 |
1,748 |
1,992 |
|
Bankruptcy
Orders (%) |
(11.5) |
(25.3) |
(0.7) |
14.5 |
14.0 |
|
Bankruptcy
Discharges (No.) |
3,056 |
2,252 |
1,391 |
1,881 |
2,584 |
|
Bankruptcy
Discharges (%) |
103.7 |
(26.3) |
(38.2) |
35.2 |
37.4 |
|
|
|||||
|
INDUSTRIES
( % of Growth ) : |
|||||
|
Agriculture |
|||||
|
Production
of Principal Crops |
3.25 |
(0.48) |
4.25 |
3.64 |
- |
|
Fish
Supply & Wholesale |
(1.93) |
(10.5) |
12.10 |
(0.5) |
- |
|
|
|||||
|
Manufacturing
* |
71.5 |
92.8 |
100.0 |
100.3 |
102.0 |
|
Food,
Beverages & Tobacco |
90.4 |
96.4 |
100.0 |
103.5 |
103.5 |
|
Textiles |
145.9 |
122.1 |
100.0 |
104.0 |
87.1 |
|
Wearing
Apparel |
211.0 |
123.3 |
100.0 |
92.1 |
77.8 |
|
Leather
Products & Footwear |
79.5 |
81.8 |
100.0 |
98.6 |
109.8 |
|
Wood
& Wood Products |
101.4 |
104.0 |
100.0 |
95.5 |
107.4 |
|
Paper
& Paper Products |
95.4 |
106.1 |
100.0 |
97.4 |
103.2 |
|
Printing
& Media |
100.9 |
103.5 |
100.0 |
93.0 |
86.1 |
|
Crude
Oil Refineries |
96.4 |
95.6 |
100.0 |
99.4 |
93.5 |
|
Chemical
& Chemical Products |
80.3 |
97.6 |
100.0 |
100.5 |
104.1 |
|
Pharmaceutical
Products |
49.1 |
75.3 |
100.0 |
109.7 |
107.2 |
|
Rubber
& Plastic Products |
101.2 |
112.3 |
100.0 |
96.5 |
92.9 |
|
Non-metallic
Mineral |
91.9 |
92.5 |
100.0 |
98.2 |
97.6 |
|
Basic
Metals |
92.6 |
102.2 |
100.0 |
90.6 |
76.5 |
|
Fabricated
Metal Products |
90.8 |
103.6 |
100.0 |
104.3 |
105.1 |
|
Machinery
& Equipment |
57.3 |
78.5 |
100.0 |
112.9 |
114.5 |
|
Electrical
Machinery |
86.8 |
124.1 |
100.0 |
99.3 |
108.5 |
|
Electronic
Components |
85.2 |
113.6 |
100.0 |
90.6 |
94.3 |
|
Transport
Equipment |
96.0 |
94.0 |
100.0 |
106.3 |
107.5 |
|
|
|||||
|
Construction |
(36.9) |
14.20 |
20.50 |
28.70 |
- |
|
Real
Estate |
1.4 |
21.3 |
25.4 |
31.9 |
- |
|
|
|||||
|
Services |
|||||
|
Electricity,
Gas & Water |
1.70 |
4.00 |
7.00 |
6.30 |
- |
|
Transport,
Storage & Communication |
3.90 |
12.80 |
7.40 |
5.30 |
- |
|
Finance
& Insurance |
(16.4) |
(0.4) |
8.90 |
0.50 |
- |
|
Government
Services |
4.50 |
9.70 |
6.90 |
6.00 |
- |
|
Education
Services |
0.10 |
(0.9) |
(1.4) |
0.30 |
- |
|
|
|||||
|
*
Based on Index of Industrial Production (2011 = 100) |
INDUSTRY
ANALYSIS
|
|
INDUSTRY
: |
TRADING |
|
The
wholesale and retail trade sectors have expanded by 2.0% in the third quarter
of 2014, extending the 1.8 per cent growth in the previous quarter. In 2013,
the wholesale and retail sector expanded by 5.0%, after declining by 1.4% the
year before. Growth of the sector was driven by the wholesale trade segment. |
|
|
The
domestic wholesale trade index has increased by 3.2% in the fourth quarter of
2013, moderating from the 6.6% growth in the previous quarter. The slower
growth was due to a decline in the sales of furniture and household equipment
(-12%) and petroleum and petroleum products (-0.6%). For the full year, the
domestic wholesale trade index grew by 5.2% reversing the 2.2% decline in
2012. On the other hand, the foreign wholesale trade index has increased by a
slower pace of 5.6% in the fourth quarter, compared to the 7.7% expansion in
the preceding quarter. The slowdown was due to a fall in the sales of
telecommunication equipment and computer (-3.8%) and petroleum and petroleum
products (-2.5%). For the full year, the growth of the foreign wholesale
trade index moderated slightly to 8.6% from 9.1% in the previous year. |
|
|
In
the fourth quarter of 2013, retail sales volume fell by 6.2%, extending the
5.6% decline in the previous quarter. Excluding motor vehicles, retail sales
volume increased by 0.4%, a slower pace of expansion as compared to the 1.6%
gain in the preceding quarter. The sales volume of motor vehicles fell by 33%
in the fourth quarter of 2013, extending the 32% decline in the previous
quarter. Meanwhile, the sales of several discretionary items also fell in the
fourth quarter of 2013. For instance, the sales of telecommunications
apparatus and computers fell by 12%, while the sales of furniture and
household equipment declined by 5.4%. |
|
|
For
the full year, retail sales volume contracted by 4.3%, a reversal from the
1.3% expansion in 2012. Excluding motor vehicle sales, the retail sales
volume grew by 1.1% in 2013, slower than the 1.7% increase in 2012. Watches and
jewellery recorded the largest increase (11%) in sales in 2013, followed by
optical goods and book (3%) and medical goods and toiletries (3%). By
contrast, the sales of telecommunications apparatus and computer (-7.3%),
furniture and household equipment (-4.2%) and petrol service stations (-1.4)
declined in 2013. |
|
|
OVERALL
INDUSTRY OUTLOOK : AVERAGE GROWTH |
|
CREDIT
RISK EVALUATION & RECOMMENDATION
|
|
|
|
|
PROFIT
AND LOSS ACCOUNT
|
|
THE
FINANCIAL STATEMENTS WERE PREPARED IN ACCORDANCE WITH SINGAPORE FINANCIAL
REPORTING STANDARDS. |
|
LAM
SOON EDIBLE OILS SINGAPORE PTE. LTD. |
|
Financial
Year End |
2013-12-31 |
2012-12-31 |
|
Months |
12 |
12 |
|
Consolidated
Account |
Company |
Company |
|
Audited
Account |
YES |
YES |
|
Unqualified
Auditor's Report (Clean Opinion) |
YES |
YES |
|
Financial
Type |
FULL |
FULL |
|
Currency |
SGD |
SGD |
|
PROFIT/(LOSS)
FROM OPERATIONS |
(550) |
(600) |
|
---------------- |
---------------- |
|
|
PROFIT/(LOSS)
BEFORE TAXATION |
(550) |
(600) |
|
---------------- |
---------------- |
|
|
PROFIT/(LOSS)
AFTER TAXATION |
(550) |
(600) |
|
---------------- |
---------------- |
|
|
RETAINED
PROFIT/(LOSS) BROUGHT FORWARD |
||
|
As
previously reported |
(23,962) |
(23,362) |
|
---------------- |
---------------- |
|
|
As
restated |
(23,962) |
(23,362) |
|
---------------- |
---------------- |
|
|
PROFIT
AVAILABLE FOR APPROPRIATIONS |
(24,512) |
(23,962) |
|
---------------- |
---------------- |
|
|
RETAINED
PROFIT/(LOSS) CARRIED FORWARD |
(24,512) |
(23,962) |
|
============= |
============= |
|
|
LAM
SOON EDIBLE OILS SINGAPORE PTE. LTD. |
|
Other
creditors & accruals |
250 |
300 |
|
Amounts
owing to related companies |
4,260 |
3,660 |
|
---------------- |
---------------- |
|
|
TOTAL
CURRENT LIABILITIES |
4,510 |
3,960 |
|
---------------- |
---------------- |
|
|
NET
CURRENT ASSETS/(LIABILITIES) |
(4,510) |
(3,960) |
|
---------------- |
---------------- |
|
|
TOTAL
NET ASSETS |
(4,510) |
(3,960) |
|
============= |
============= |
|
|
SHARE
CAPITAL |
||
|
Ordinary
share capital |
20,002 |
20,002 |
|
---------------- |
---------------- |
|
|
TOTAL
SHARE CAPITAL |
20,002 |
20,002 |
|
Retained
profit/(loss) carried forward |
(24,512) |
(23,962) |
|
---------------- |
---------------- |
|
|
TOTAL
RESERVES |
(24,512) |
(23,962) |
|
---------------- |
---------------- |
|
|
SHAREHOLDERS'
FUNDS/EQUITY |
(4,510) |
(3,960) |
|
---------------- |
---------------- |
|
|
(4,510) |
(3,960) |
|
|
============= |
============= |
|
|
LAM
SOON EDIBLE OILS SINGAPORE PTE. LTD. |
|
TYPES
OF FUNDS |
||
|
Cash |
0 |
0 |
|
Net
Liquid Funds |
0 |
0 |
|
Net
Liquid Assets |
(4,510) |
(3,960) |
|
Net
Current Assets/(Liabilities) |
(4,510) |
(3,960) |
|
Net
Tangible Assets |
(4,510) |
(3,960) |
|
Net
Monetary Assets |
(4,510) |
(3,960) |
|
PROFIT
& LOSS ITEMS |
||
|
Earnings
Before Interest & Tax (EBIT) |
0 |
0 |
|
Earnings
Before Interest, Taxes, Depreciation And Amortization (EBITDA) |
(550) |
(600) |
|
BALANCE
SHEET ITEMS |
||
|
Total
Borrowings |
0 |
0 |
|
Total
Liabilities |
4,510 |
3,960 |
|
Total
Assets |
0 |
0 |
|
Net
Assets |
(4,510) |
(3,960) |
|
Net
Assets Backing |
(4,510) |
(3,960) |
|
Shareholders'
Funds |
(4,510) |
(3,960) |
|
Total
Share Capital |
20,002 |
20,002 |
|
Total
Reserves |
(24,512) |
(23,962) |
|
LIQUIDITY
(Times) |
||
|
Cash
Ratio |
0.00 |
0.00 |
|
Liquid
Ratio |
0.00 |
0.00 |
|
Current
Ratio |
0.00 |
0.00 |
|
WORKING
CAPITAL CONTROL (Days) |
||
|
Stock
Ratio |
0 |
0 |
|
Debtors
Ratio |
0 |
0 |
|
Creditors
Ratio |
0 |
0 |
|
SOLVENCY
RATIOS (Times) |
||
|
Gearing
Ratio |
0.00 |
0.00 |
|
Liabilities
Ratio |
(1.00) |
(1.00) |
|
Times
Interest Earned Ratio |
0.00 |
0.00 |
|
Assets
Backing Ratio |
(0.23) |
(0.20) |
|
PERFORMANCE
RATIO (%) |
||
|
Operating
Profit Margin |
0.00 |
0.00 |
|
Net
Profit Margin |
0.00 |
0.00 |
|
Return
On Net Assets |
12.20 |
15.15 |
|
Return
On Capital Employed |
12.20 |
15.15 |
|
Return
On Shareholders' Funds/Equity |
12.20 |
15.15 |
|
Dividend
Pay Out Ratio (Times) |
0.00 |
0.00 |
|
NOTES
TO ACCOUNTS |
||
|
Contingent
Liabilities |
0 |
0 |
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.62.59 |
|
|
1 |
Rs.92.46 |
|
Euro |
1 |
Rs.67.51 |
INFORMATION DETAILS
|
Analysis Done by
: |
SUB |
|
|
|
|
Report Prepared
by : |
NIT |
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.