MIRA INFORM REPORT
|
Report No. : |
316776 |
|
Report Date : |
17.04.2015 |
IDENTIFICATION DETAILS
|
Name : |
GLOBAL
AV CO., LTD. |
|
|
|
|
Registered Office : |
2024/25-26 Soi Sukhumvit 50, Rimtangrodfaisaipaknam Road, Prakanong, Klongtoey, Bangkok 10110 |
|
|
|
|
Country : |
Thailand |
|
|
|
|
Financials (as on) : |
31.12.2013 |
|
|
|
|
Year of Establishment : |
2010 |
|
|
|
|
Com. Reg. No.: |
0125553004046 |
|
|
|
|
Legal Form : |
Private Limited
Company |
|
|
|
|
Line of Business : |
Subject is engaged in importing, distributing and
providing installation and maintenance
services of visual
products and solutions,
as well as
providing after sales
services |
|
|
|
|
No. of Employee : |
11 |
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 – December 31, 2014
|
Country Name |
Previous Rating (30.09.2014) |
Current Rating (31.12.2014) |
|
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
has had a strong economy due in part to industrial and agriculture exports -
mostly electronics, agricultural commodities, automobiles and parts, and
processed foods. Thailand 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 both 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. Government
approved flood mitigation projects, worth $11.7 billion, were started in 2012
to prevent a repeat. Thai growth slowed in 2013 and has remained low since, as
the country faced political uncertainty and a coup in May 2014. The interim
government is implementing a special $11 billion short-term stimulus package
and has approved a budget of more than $80 billion to aid an economic rebound.
|
Source
: CIA |
Company
name
GLOBAL AV CO.,
LTD.
SUMMARY
BUSINESS ADDRESS : 2024/25-26 SOI
SUKHUMVIT 50,
RIMTANGRODFAISAIPAKNAM ROAD,
PRAKANONG,
KLONGTOEY,
BANGKOK 10110. THAILAND
TELEPHONE : [66] 087
706-5151, 089 112-7099
FAX :
-
E-MAIL ADDRESS : arthit@gb-av.com
info@gb-av.com
REGISTRATION ADDRESS : SAME AS
BUSINESS ADDRESS
ESTABLISHED : 2010
REGISTRATION NO. : 0125553004046
TAX ID NO. : 3033829532
CAPITAL REGISTERED : BHT. 2,000,000
CAPITAL PAID-UP : BHT. 2,000,000
SHAREHOLDER’S PROPORTION : THAI :
100%
FISCAL YEAR CLOSING DATE : DECEMBER 31
LEGAL STATUS : PRIVATE LIMITED
COMPANY
EXECUTIVE : MR.
ARTHIT SONGKROD, THAI
MANAGING DIRECTOR
NO. OF STAFF : 11
LINES OF BUSINESS : VISUAL SYSTEMS
AND SOLUTIONS
IMPORTER, DISTRIBUTOR
AND SERVICE
PROVIDER
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 March 3,
2010 as a
private limited company
under the registered name
GLOBAL AV CO.,
LTD., by Thai groups,
with the business
objective to supply
product and service
wide range of
visual products and solutions.
It currently employs
11 staff.
The subject’s registered
address was initially
at 54/33 Moo 2, Soi
Thongkham Anusorn Yaek
4, Nonthaburi 1 Road, T. Taladkwan,
A. Taladkwan, Nonthaburi 11000.
On March 12,
2015, the subject’s
registered address was
relocated to 2024/25-26
Soi Sukhumvit 50, Rimtangrodfaisaipaknam
Road, Prakanong, Klongtoey,
Bangkok 10110, and
this is the
subject’s current operation
address.
THE BOARD
OF DIRECTOR
|
Name |
|
Nationality |
Age |
|
|
|
|
|
|
Mr. Arthit Songkrod |
|
Thai |
41 |
|
Ms. Busakorn Yartwangklum |
|
Thai |
39 |
AUTHORIZED PERSON
One of
the above directors
can sign on
behalf of the
subject with company’s
affixed.
MANAGEMENT
Mr. Arthit Songkrod is the
Managing Director.
He is
Thai nationality with
the age of
41 years old.
Ms.
Busakorn Yartwangklum
is the Deputy
Managing Director.
She is
Thai nationality with
the age of
39 years old.
BUSINESS OPERATIONS
The subject is engaged in
importing, distributing and providing
installation and maintenance services
of visual products
and solutions, as
well as providing
after sales services.
Its products and
services are as
follows:
·
Displays, Monitors & Workstations
-
Air traffic
control displays
-
Avionics displays,
processors and services
-
Large format
displays
-
Medical displays
-
Point-of-care devices
-
Rugged displays,
computers and workstations
·
Projectors
-
Business projectors
-
Digital cinema
projectors
-
Large venue
projectors
-
Postproduction projectors
-
Simulation projectors
-
Stereoscopic projectors
-
Venue projectors
·
LED Players
-
Indoor/outdoor LED
displays
-
LED-creative modules
-
LED image
processing
·
Visual Display
Systems
-
Power walls
-
Cave displays
-
Curved displays
-
3D video walls
-
Reconfigurable cave
displays
-
Dome displays
-
Collimated displays
-
Display management
-
Multi-projector system
management tools
·
Video walls
-
LCD video
walls
-
LED video
walls
-
Rear-projection video
walls
-
Video wall
controllers
-
Control room collaboration software
-
Control room
services
-
Upgrade kits
·
Networked Solutions
-
For operating
room
-
For enterprises
and control rooms
-
For meeting
rooms
-
Defense collaboration
system
·
Image Processing
-
Matrix switchers
-
Media severs
-
Medical display
controllers
-
Presentation switchers
·
AV Streaming
-
Encoders and
decoders
-
Recording and
playback
-
Software clients
-
Management servicers
·
Digital Signage
-
Digital media
players
-
Digital signage
LCD displays
·
Presentation
& Collaboration
-
Clickshare wireless
presentation system
·
3D Sound
Software
-
Air traffic
management software
-
Avionics software
services
-
Control room
collaboration software
-
Medical calibration
and QA software
Services
-
CineCare digital
cinema services
-
Defense and
aerospace services
-
ImageCare healthcare
services
-
Medical solutions
for OEM
-
Control room
services
Option & Accessories
-
Boards/cards
-
Lamps
-
Lenses
-
Mechanics
-
others
MAJOR BRAND
“BARCO”
PURCHASE
The products are
purchased from suppliers
both domestic and
overseas, mainly in
U.S.A., Belgium and
Republic of China.
MAJOR SUPPLIER
Barco Inc. :
U.S.A.
SALES/SERVICES
100% of
the products is
sold and serviced
locally to end-users
both private and government sectors.
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.
BANKING
Bangkok Bank Public
Co., Ltd.
Krung Thai Bank
Public Co., Ltd.
EMPLOYMENT
The subject currently
employs 11 staff.
LOCATION DETAILS
The premise is
owned for administrative office
at the heading
address. Premise is
located in commercial/residential area.
COMMENT
The subject has
slow business in
the past few
years. Its business
has grown slowly
in accordance with
shrinking domestic consumption. It
is expected that its
business would be
slow also this
year.
FINANCIAL INFORMATION
The capital was
registered at Bht. 1,000,000
divided into 10,000 shares
of Bht. 100 each
with fully paid.
On June 11,
2010, the registered
capital was increased
to Bht. 2,000,000
divided into 20,000
shares of Bht. 100
each with fully
paid.
THE SHAREHOLDERS
LISTED WERE
[as
at April 30,
2014]
|
NAME |
HOLDING |
% |
|
|
|
|
|
Mr.
Arthit Songkrod Nationality: Thai Address :
62 Moo 10,
T. Kohtao, A. Papayom, Pattalung |
10,001 |
50.00 |
|
Ms. Busakorn Yartwangklum Nationality: Thai Address :
1912/21 Old Railway
Road, Prakanong, Klongtoey, Bangkok |
9,998 |
49.99 |
|
Mr.
Ekachai Songkrod Nationality: Thai Address :
91 Moo 10,
T. Kohtao, A. Papayom, Pattalung |
1 |
0.01 |
Total Shareholders
: 3
Share Structure
[as at
April 30, 2014]
|
Nationality |
Shareholders |
No. of
Share |
% Shares |
|
|
|
|
|
|
Thai |
3 |
20,000 |
100.00 |
|
Foreign |
- |
- |
- |
|
Total |
3 |
20,000 |
100.00 |
NAME
OF AUDITOR &
CERTIFIED PUBLIC ACCOUNTANT
NO.
Mr. Withaya Ekaviroonporn No. 9016
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 |
825,559.07 |
390,648.24 |
811,175.29 |
|
Short-term Investment |
590,000.00 |
- |
- |
|
Trade Accounts
& Other Receivable |
1,494,860.76 |
6,886,326.07 |
1,502,764.00 |
|
Inventories |
5,095,915.93 |
783,925.02 |
960,188.19 |
|
|
|
|
|
|
Total Current
Assets |
8,006,335.76 |
8,060,899.33 |
3,274,127.48 |
|
Fixed Assets |
704,403.57 |
883,526.59 |
970,782.03 |
|
Other
Non-current Assets |
829,402.92 |
798,116.92 |
876,312.24 |
|
Total Assets |
9,540,142.25 |
9,742,542.84 |
5,121,221.75 |
LIABILITIES
& SHAREHOLDERS’ EQUITY [BAHT]
|
Current Liabilities |
2013 |
2012 |
2011 |
|
|
|
|
|
|
Trade Accounts
& Other Payable |
1,900,757.33 |
3,078,634.23 |
1,369,288.56 |
|
Current Portion
of Long-term Liabilities |
101,124.96 |
101,124.96 |
77,132.00 |
|
Accrued Income
Tax |
- |
104,543.26 |
29,113.59 |
|
|
|
|
|
|
Total Current
Liabilities |
2,001,882.29 |
3,284,302.45 |
1,475,534.15 |
|
Long-term Loan -
Related Company |
825,615.00 |
1,030,000.00 |
180,000.00 |
|
Long-term Loan, Net |
67,416.80 |
168,541.76 |
293,659.68 |
|
Total Liabilities
|
2,894,914.09 |
4,482,844.21 |
1,949,193.83 |
|
|
|
|
|
|
Shareholders'
Equity |
|
|
|
|
|
|
|
|
|
Share capital : Baht 100
par value authorized,
issued and fully
paid
share capital 20,000
shares |
2,000,000.00 |
2,000,000.00 |
2,000,000.00 |
|
|
|
|
|
|
Capital Paid |
2,000,000.00 |
2,000,000.00 |
2,000,000.00 |
|
Retained
Earning Unappropriated [Deficit] |
4,645,228.16 |
3,259,698.63 |
1,172,027.92 |
|
Total Shareholders' Equity |
6,645,228.16 |
5,259,698.63 |
3,172,027.92 |
|
Total Liabilities & Shareholders' Equity |
9,540,142.25 |
9,742,542.84 |
5,121,221.75 |
PROFIT &
LOSS ACCOUNT
|
Revenue |
2013 |
2012 |
2011 |
|
|
|
|
|
|
Sales &
Services Income |
11,046,500.00 |
20,119,310.00 |
9,601,044.96 |
|
Other Income |
90,772.88 |
15,746.60 |
536,217.81 |
|
Total Revenues |
11,137,272.88 |
20,135,056.60 |
10,137,262.77 |
|
Expenses |
|
|
|
|
|
|
|
|
|
Cost of
Goods Sold &
Service |
5,147,055.37 |
11,017,474.02 |
4,357,806.41 |
|
Selling Expenses |
2,242,211.04 |
1,866,682.40 |
852,606.00 |
|
Administrative Expenses |
2,130,789.52 |
4,665,139.29 |
3,942,974.32 |
|
Total Expenses
|
9,520,055.93 |
17,549,295.71 |
9,153,386.73 |
|
|
|
|
|
|
Profit /
[Loss] before Financial Cost &
Income Tax |
1,617,216.95 |
2,585,760.89 |
983,876.04 |
|
Financial Costs |
[4,055.04] |
[4,055.04] |
[1,351.68] |
|
|
|
|
|
|
Profit /
[Loss] before Income Tax |
1,613,161.91 |
2,581,705.85 |
982,524.36 |
|
Income Tax |
[227,632.38] |
[494,035.14] |
[125,275.84] |
|
|
|
|
|
|
Net Profit / [Loss] |
1,385,529.53 |
2,087,670.71 |
857,248.52 |
FINANCIAL ANALYSIS
|
ITEM |
UNIT |
2013 |
2012 |
2011 |
|
|
|
|
|
|
|
LIQUIDITY RATIO |
|
|
|
|
|
CURRENT RATIO |
TIMES |
4.00 |
2.45 |
2.22 |
|
QUICK RATIO |
TIMES |
1.45 |
2.22 |
1.57 |
|
|
|
|
|
|
|
ACTIVITY RATIO |
|
|
|
|
|
FIXED ASSETS
TURNOVER |
TIMES |
15.68 |
22.77 |
9.89 |
|
TOTAL ASSETS
TURNOVER |
TIMES |
1.16 |
2.07 |
1.87 |
|
INVENTORY
CONVERSION PERIOD |
DAYS |
361.37 |
25.97 |
80.42 |
|
INVENTORY TURNOVER |
TIMES |
1.01 |
14.05 |
4.54 |
|
RECEIVABLES
CONVERSION PERIOD |
DAYS |
49.39 |
124.93 |
57.13 |
|
RECEIVABLES
TURNOVER |
TIMES |
7.39 |
2.92 |
6.39 |
|
PAYABLES
CONVERSION PERIOD |
DAYS |
134.79 |
101.99 |
114.69 |
|
CASH CONVERSION
CYCLE |
DAYS |
275.98 |
48.91 |
22.86 |
|
|
|
|
|
|
|
PROFITABILITY RATIO |
|
|
|
|
|
COST OF GOODS
SOLD |
% |
46.59 |
54.76 |
45.39 |
|
SELLING &
ADMINISTRATION |
% |
39.59 |
32.47 |
49.95 |
|
INTEREST |
% |
0.04 |
0.02 |
0.01 |
|
GROSS PROFIT MARGIN |
% |
54.23 |
45.32 |
60.20 |
|
NET PROFIT MARGIN
BEFORE EX. ITEM |
% |
14.64 |
12.85 |
10.25 |
|
NET PROFIT MARGIN |
% |
12.54 |
10.38 |
8.93 |
|
RETURN ON EQUITY |
% |
20.85 |
39.69 |
27.03 |
|
RETURN ON ASSET |
% |
14.52 |
21.43 |
16.74 |
|
EARNING PER SHARE |
BAHT |
69.28 |
104.38 |
42.86 |
|
|
|
|
|
|
|
LEVERAGE RATIO |
|
|
|
|
|
DEBT RATIO |
TIMES |
0.30 |
0.46 |
0.38 |
|
DEBT TO EQUITY
RATIO |
TIMES |
0.44 |
0.85 |
0.61 |
|
TIME INTEREST
EARNED |
TIMES |
398.82 |
637.67 |
727.89 |
|
|
|
|
|
|
|
ANNUAL GROWTH |
|
|
|
|
|
SALES GROWTH |
% |
(45.10) |
109.55 |
|
|
OPERATING PROFIT |
% |
(37.46) |
162.81 |
|
|
NET PROFIT |
% |
(33.63) |
143.53 |
|
|
FIXED ASSETS |
% |
(20.27) |
(8.99) |
|
|
TOTAL ASSETS |
% |
(2.08) |
90.24 |
|
ANNUAL GROWTH : RISKY
An annual sales
growth is -45.1%. Turnover has decreased from THB
PROFITABILITY : EXCELLENT
PROFITABILITY RATIO
|
Gross Profit
Margin |
54.23 |
Impressive |
Industrial Average |
24.30 |
|
Net Profit Margin |
12.54 |
Impressive |
Industrial Average |
2.49 |
|
Return on Assets |
14.52 |
Impressive |
Industrial Average |
6.96 |
|
Return on Equity |
20.85 |
Impressive |
Industrial Average |
19.15 |
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 54.23%. 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 12.54%, 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. Return on Assets ratio is 14.52%, higher figure when compared
with those of its average competitors in the same industry, indicated that
business was an efficient profit in a
dominant position within its industry.
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. Return on Equity ratio is 20.85%, higher
figure when compared with those of its average competitors in the same
industry, indicated that business was an efficient profit in a dominant position within its industry.
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 |
4.00 |
Impressive |
Industrial Average |
1.38 |
|
Quick Ratio |
1.45 |
|
|
|
|
Cash Conversion
Cycle |
275.98 |
|
|
|
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 4 times in 2013,
increased from 2.45 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 1.45 times in 2013, decreased from 2.22
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 276 days.
Trend of the average competitors in the same
industry for last 5 years
Current Ratio Downtrend
LEVERAGE : EXCELLENT
LEVERAGE RATIO
|
Debt Ratio |
0.30 |
Impressive |
Industrial Average |
0.65 |
|
Debt to Equity
Ratio |
0.44 |
Impressive |
Industrial Average |
1.85 |
|
Times Interest
Earned |
398.82 |
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
398.82 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 0.3 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 Uptrend
Times Interest Earned Stable
ACTIVITY : SATISFACTORY
ACTIVITY RATIO
|
Fixed Assets
Turnover |
15.68 |
Impressive |
Industrial Average |
- |
|
Total Assets
Turnover |
1.16 |
Deteriorated |
Industrial Average |
2.80 |
|
Inventory
Conversion Period |
361.37 |
|
|
|
|
Inventory
Turnover |
1.01 |
Deteriorated |
Industrial Average |
8.64 |
|
Receivables
Conversion Period |
49.39 |
|
|
|
|
Receivables
Turnover |
7.39 |
Impressive |
Industrial Average |
5.24 |
|
Payables
Conversion Period |
134.79 |
|
|
|
The company's
Account Receivable Ratio is calculated as 7.39 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 26 days at the end of 2012 to 361 days at the end of 2013. This
represents a negative trend. And Inventory turnover has decreased from 14.05
times in year 2012 to 1.01 times in year 2013.
The company's Total
Asset Turnover is calculated as 1.16 times and 2.07 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 Uptrend
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.62.37 |
|
|
1 |
Rs.92.44 |
|
Euro |
1 |
Rs.66.56 |
INFORMATION DETAILS
|
Analysis Done by
: |
KAR |
|
|
|
|
Report Prepared
by : |
ASH |
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.