MIRA INFORM REPORT

 

 

Report No. :

352497

Report Date :

09.12.2015

 

IDENTIFICATION DETAILS

 

Name :

GIANT TMC (B) SDN BHD

 

 

Registered Office :

Giant Hypermarket Tasik Rimba Lot 58865 Kampong Rimba, Mukim Gadong, Bandar Seri Begawan, Negara BE3119

 

 

Country :

Brunei Darussalam

 

 

Financials (as on) :

2015

 

 

Date of Incorporation :

11.05.2005

 

 

Legal Form :

Private Company With Limited Liability

 

 

Line of Business :

Trader of Consumer Products.

 

 

No. of Employees :

200

 

 

RATING & COMMENTS

 

MIRA’s Rating :

A

 

RATING

STATUS

PROPOSED CREDIT LINE

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

 

Status :

Good

Payment Behaviour :

Regular

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 – March 31, 2015

 

Country Name

Previous Rating

(31.12.2014)

Current Rating

(31.03.2015)

Brunei Darussalam

A2

A2

 

Risk Category

ECGC Classification

Insignificant

 

A1

Low

 

A2

Moderate

 

B1

High

 

B2

Very High

 

C1

Restricted

 

C2

Off-credit

 

D

 

 

BRUNEI DARUSSALAM - ECONOMIC OVERVIEW

 

Brunei has a small well-to-do economy that depends on revenue from natural resource extraction but is also characterized by a mixture of foreign and domestic entrepreneurship, government regulation, welfare measures, and village tradition. Crude oil and natural gas production account for 70% of GDP and more than 90% of exports, with Japan and Korea as the primary export markets. Per capita GDP is among the highest in the world, and substantial income from overseas investment supplements income from domestic hydrocarbon production. For Bruneian citizens, who pay no taxes, the government provides for all medical services and free education through the university level. The government of Brunei has been emphasizing through policy and resource investments its strong desire to diversify its economy both within the oil and gas sector and to new sectors. Brunei is a founding member of the 12-nation Trans-Pacific Partnership (TPP) free trade agreement negotiations as well as the Regional Comprehensive Economic Partnership (RCEP) and, with the nine other ASEAN members, will form the ASEAN Economic Community in 2015.

 

Source : CIA

 

REGISTERED NAME & COMPANY SUMMARY

 

Company Details

Organization Name

:

GIANT TMC (B) SDN BHD

Address

:

Giant Hypermarket Tasik Rimba Lot 58865 Kampong Rimba, Mukim Gadong, Bandar Seri Begawan, Negara BE3119

Country

:

Brunei

Phone (S)

:

[+673]-2460829

Facsimile

:

[+673]-2460821

Website

:

http://www.dairyfarmgroup.com/

Primary Business Activity

:

Trader

Key Industry

:

Consumer Products

 

Key Facts

Registered Legal Address

:

Unit 11, 1Fl Regent Square Simpang 150, Kiulap, Bandar Seri Begawan BE1518

Operational Address

:

Giant Hypermarket Tasik Rimba Lot 58865 Kampong Rimba, Mukim Gadong, Bandar Seri Begawan, Negara BE3119

License Status

 

License exists - Normal.

Issuing Authority

:

Registrar of Companies - National

License Number

:

RC00006294

Legal Form - Category

:

Private Company with Limited Liability

Legal Form

:

Sendirian Berhad

Legal Form - Abbreviation

:

SDN BHD

Operational Status of Business

:

Normal

Date of Registration

:

11 May, 2005

Employees

:

200

Capital

 

US$ 3,623,188

 

 

DIRECTORS/MANAGEMENT

 

 

COMPANY MANAGEMENT

 

 

 

Management Listings

 

 

Name

Nationality

Job Description

Dept. / Division

1

Mr. Tony Christy

Bruneian

General Manager

-

2

Ms. Rowena Loking

Filipino

Receptionist

-

 

 

 

Management Details - 1

Personal Unique Identifier

:

MI03516846

Name

:

Mr. Tony Christy

 

 

Management Details - 2

Personal Unique Identifier

:

MI03516902

Name

:

Ms. Rowena Loking

 

COMPANY DIRECTORS

1

 

 

 

Personal Unique Identifier

:

MI03930301

 

Name

:

Dato Hj Abd Rahman Besar

 

Identification Number(s)

National ID No

:

00-001636

Registered Address

:

93 Kg Manggis Satu Jalan Muara ,Bandar Seri Begawan ,Brunei/Muara BC3615

 

 

 

 

 

 

 

2

 

 

 

 

 

Personal Unique Identifier

:

MI03802229

 

 

 

Name

:

Mr. Timothy Robert Ashdown

 

 

 

Identification Number(s)

Passport No

:

510945803

Registered Address

:

Unit B 43A.2 Pavilion Residence 77 Jalan Raja Chulan ,Kuala Lumpur 50200

 

 

 

Country of Residence

:

Malaysia

 

 

 

 

 

 

 

Other Positions

Country

Company name

Position

 

Hong Kong

DAIRY FARM MANAGEMENT SERVICES LTD

Director

 

Malaysia

GUARDIAN HEALTH AND BEAUTY SDN BHD

Director

 

 

 

 

 

 

 

NEGATIVE INFORMATION

 

REPUTATION

The GIANT TMC (B) SDN BHD maintains a good and well-established reputation in the local market.

 

 

NEGA-SCAN - ADVERSE DATA MONITORING

 

 

DISHONORED CHECKS

 

No Record Found

 

 

DEBT

 

No Record Found

 

 

CIVIL LITIGATION

 

No Record Found

 

 

PERFORMANCE DEFAULTS

 

No Record Found

 

 

ADVERSE LOCAL MEDIA COVERAGE / ADVERSE FILING HISTORY

 

No Record Found

 

http://www.asiancredit.com/Manage/Image/space.gif

 

 

 

SHARE & SHARE CAPITAL INFORMATION

 

CAPITAL (Currency: BND - Brunei Dollars)

Authorized Capital

:

$ 5,000,000

Paid-up Capital

:

$ 5,000,000

 

SHAREHOLDERS

Total number of shareholders

:

2

Total number of shares

:

545,000

 

Currency

:

BND - Brunei Dollars

 

No.

Shareholders

Country

Shares

Number

Amount (BND)

%

1

DAIRY FARM MANAGEMENT LTD

Bermuda

544,999

4,999,999

99.99

2

DFI MAURITIUS LTD

Mauritius

1

1

0.01

Total

545,000

5,000,000

100.00

 

 

Based on corporate statutory laws / regulations in Brunei, there is no requirement for public disclosure of Shareholders. In this case, the Shareholders information was supplied by the Subject Business Entity.
However in the absence of data normally obtained from local Statutory Authorities, it is not possible to verify the accuracy of data supplied and hence is provided as reference ONLY.

 

PAYMENT INFORMATION

 

DOMESTIC SALES & PURCHASES

 

Annual Sales Analysis

Percentage

Domestic Sales

100%

 

Annual Purchases Analysis

Percentage

Local Purchases

65%

Imports

35%

 

PAYMENT TERMS

 

Selling

Type

Terms

Local

Cash on delivery (COD)

Credit - Unsecured 30~60 days

 

Purchasing

Type

Terms

Local

Cash on delivery (COD)

Credit - Unsecured 30~60 days

Import

Open Credit

Letter of Credit (At-sight)

Telegraphic Transfer (T/T) - Executed at time of transaction

 

OVERSEAS SUPPLIERS

Business Entity Name

Global Identifier

Country

AMERICAN LION TOOTHPASTE MFG SDN BHD

P0121591

Malaysia

BIOSIS COSMECEUTICALS SDN BHD

P2871282

Malaysia

ENG KAH ENTERPRISE SDN BHD

30807401

Malaysia

FORTUNE LABORATORIES SDN BHD

P0885129

Malaysia

GENERAL CARE PRODUCTS CO LTD

P0958782

Thailand

HALEX WOOLTON (M) SDN BHD

P0120073

Malaysia

KEN-RICH CHEMICAL PRODUCTION SDN BHD

P0877891

Malaysia

SEOUL COSMETIC CO LTD

31326849

Korea, South (Republic of Korea)

SIMPLE HEALTH & BEAUTY LTD

P3099645

United Kingdom

 

 

GROUP STRUCTURE & AFFILIATED COMPANIES

 

DIRECT / INDIRECT CORPORATE PARENT DETAILS

 

Direct Corporate Parent

:

DAIRY FARM MANAGEMENT LTD

Global Identifier

:

P0344431

Legal Form Category

:

Private Company with Limited Liability

Country

:

Bermuda

Operational Address

:

Jardine House 33-35 Reid St Hamilton

Primary Business Activity

:

Service

 

Indirect Corporate Parent

:

DAIRY FARM INTERNATIONAL HOLDINGS LTD

Global Identifier

:

P0044314

Legal Form Category

:

Public Listed Company

Country

:

Bermuda

Operational Address

:

Jardine House 33-35 Reid St Hamilton HMEX

Primary Business Activity

:

Service

 

Ultimate Corporate Parent

:

JARDINE STRATEGIC HOLDINGS LTD

Global Identifier

:

P0843121

Legal Form Category

:

Public Listed Company

Country

:

Bermuda

Operational Address

:

4Fl Jardine House 33-35 Reid St Hamilton

Primary Business Activity

:

Service

 

RELATED PARTIES (Subsidiaries , Joint-ventures & Affiliates)

The following provides a summary of the number of businesses that are related to GIANT TMC (B) SDN BHD:

TYPE

INTERNATIONAL

Africa

Asia / Pacific

Europe

Middle-East

North America

South America

TOTAL

Subsidiaries

-

-

-

-

-

-

-

Joint-Ventures

-

-

-

-

-

-

-

Minority shareholdings

-

-

-

-

-

-

-

Affiliates

-

6

-

-

-

-

6

Liaison / Representative Offices

-

-

-

-

-

-

-

 

International

 

Business Entity Name

:

DAIRY FARM CO LTD , THE

Global Identifier

:

30405570

Country

:

Hong Kong

Relationship

:

Affiliate

Operational Address

:

3Fl-5Fl & 7Fl Taikoo Place - Devon House 979 King's Rd, Quarry Bay, Hong Kong

Primary Business Activity

:

Importer

Industry

:

Consumer Products

 

Business Entity Name

:

DFI LUCKY PTE LTD

Global Identifier

:

P2880879

Country

:

Cambodia

Relationship

:

Affiliate

Operational Address

:

1 St 55P Sangkat Teuk Thlar, Khan Sen Sok, Phnom Penh

Primary Business Activity

:

Trader

Industry

:

Consumer Products

 

Business Entity Name

:

GCH RETAIL (MALAYSIA) SDN BHD

Global Identifier

:

P1266776

Country

:

Malaysia

Relationship

:

Affiliate

Operational Address

:

Mezzanine Fl Giant Hypermarket - Shah Alam Stadium Persiaran Sukan Lot 2 Section 13, Shah Alam, Selangor 40100

Primary Business Activity

:

Trader

Industry

:

Consumer Products

 

Business Entity Name

:

GIANT SUPERMARKET (KELANA JAYA) SDN BHD

Global Identifier

:

P2864850

Country

:

Malaysia

Relationship

:

Affiliate

Operational Address

:

Mezzanine Fl Giant Hypermarket Shah Alam Stadium Lot 2 Persiaran Sukan Seksyen 13, Darul Ehsan, Shah Alam, Selangor 40100

Primary Business Activity

:

Trader

Industry

:

Consumer Products

 

Business Entity Name

:

HERO SUPERMARKET TBK PT

Global Identifier

:

30613100

Country

:

Indonesia

Relationship

:

Affiliate

Operational Address

:

Graha Hero Cbd Bintaro Jaya Sektor 7 Blok B7/A7 Pondok Jaya Pondok Aren, Tangerang Selatan, Banten 15224

Primary Business Activity

:

Service

Industry

:

Professional Services

 

Business Entity Name

:

RUSTAN SUPERCENTERS INC

Global Identifier

:

P0100265

Country

:

Philippines

Relationship

:

Affiliate

Operational Address

:

4-6Fl Morning Star Center 347 Sen Gil J Puyat Ave, Bel-air, Makati, NCR 1209

Primary Business Activity

:

Trader

Industry

:

Consumer Products

 

 

FINANCIAL INFORMATION

 

Financials - Summary  (Currency: USD - US Dollar)

As a Private Company with Limited Liability in Brunei, there is no legal requirements for the Subject Business Entity ("SBE") to make any public disclosure of their own financials. However, the SBE is indirectly owned by a Public Listed Company , which is required to disclosure their consolidated financial statements.
Hence the financials listed below are those of the SBE's Indirect Corporate Parent - DAIRY FARM INTERNATIONAL HOLDINGS LTD.

 

 

Year

Turnover

Assets

Net Income

2013 Annual  

10,357,400,000

3,963,500,000

512,900,000

2014 Annual  

11,008,300,000

4,316,300,000

507,700,000

2015 2nd Qtr  

5,593,400,000

5,031,000,000

187,200,000

 

Sales Trend - Analysis

2006

2007

2008

2009

2010

2011

2012

2013

2014

2015

-

-

-

-

-

-

-

-

http://www.asiancredit.com/Manage/image/up_arrow_04.gif

-

 

FINANCIAL STATEMENT - DETAILED

As a Private Company with Limited Liability in Brunei, there is no legal requirements for the Subject Business Entity ("SBE") to make any public disclosure of their own financials. However, the SBE is indirectly owned by a Public Listed Company , which is required to disclosure their consolidated financial statements.
Hence the financials listed below are those of the SBE's Indirect Corporate Parent - DAIRY FARM INTERNATIONAL HOLDINGS LTD.

Balance Sheet

Currency

:

USD

Denomination

:

1

Financial Year Ending

:

December

Financial Highlights

2013 Annual

2014 Annual

2015 2nd Qtr

Total Reserves(*)

1,302,300,000

1,447,400,000

1,379,100,000

Non current assets 

Non Current Assets(*)

2,032,400,000

2,385,900,000

3,427,600,000

Current Assets 

Current Assets(*)

1,931,100,000

1,930,400,000

1,603,400,000

Total Assets(*)

3,963,500,000

4,316,300,000

5,031,000,000

EQUITY AND LIABILITIES 

Share Capital(*)

75,100,000

75,100,000

75,100,000

Shareholders Funds(*)

1,377,400,000

1,522,500,000

1,454,200,000

Non-Current Liabilities 

Non Current Liabilities(*)

159,700,000

228,300,000

258,100,000

Current Liabilities 

Current Liabilities(*)

2,426,400,000

2,565,500,000

3,318,700,000

Total Liabilities(*)

2,586,100,000

2,793,800,000

3,576,800,000

 

Intangible assets

407,500,000

566,100,000

742,600,000

Tangible assets

1,081,700,000

1,219,200,000

1,159,800,000

Associates and joint ventures

369,800,000

388,000,000

1,322,700,000

Other investments

5,800,000

5,200,000

5,600,000

Non-current debtors

138,200,000

179,700,000

174,300,000

Deferred tax assets

22,200,000

27,700,000

22,600,000

Pension assets

7,200,000

-

-

Non-current assets

2,032,400,000

2,385,900,000

3,427,600,000

Stocks

976,000,000

1,011,000,000

984,100,000

Current debtors

213,200,000

252,100,000

241,100,000

Current tax assets

6,600,000

4,000,000

7,500,000

Bank balances and other liquid funds

728,400,000

662,000,000

368,900,000

Non-current assets held for sale

6,900,000

1,300,000

1,800,000

Current assets

1,931,100,000

1,930,400,000

1,603,400,000

Total Assets

3,963,500,000

4,316,300,000

5,031,000,000

Current creditors

(2,309,300,000)

(2,412,900,000)

(2,389,400,000)

Current borrowings

(47,900,000)

(93,400,000)

(859,800,000)

Current tax liabilities

(58,200,000)

(52,900,000)

(63,200,000)

Current provisions

(11,000,000)

(6,300,000)

(6,300,000)

Current liabilities

(2,426,400,000)

(2,565,500,000)

(3,318,700,000)

Net current liabilities

(495,300,000)

(635,100,000)

(1,715,300,000)

Long-term borrowings

(42,900,000)

(93,800,000)

(98,300,000)

Deferred tax liabilities

(44,900,000)

(46,700,000)

(41,000,000)

Pension liabilities

(24,000,000)

(37,700,000)

(37,700,000)

Non-current creditors

(17,300,000)

(16,500,000)

(50,400,000)

Non-current provisions

(30,600,000)

(33,600,000)

(30,700,000)

Non-current liabilities

(159,700,000)

(228,300,000)

(258,100,000)

Net Assets

1,377,400,000

1,522,500,000

1,454,200,000

Share capital

75,100,000

75,100,000

75,100,000

Share premium and capital reserves

56,500,000

59,100,000

60,600,000

Revenue and other reserves

1,149,400,000

1,294,500,000

1,231,100,000

Shareholders' funds

1,281,000,000

1,428,700,000

1,366,800,000

Non-controlling interests

96,400,000

93,800,000

87,400,000

Total equity

1,377,400,000

1,522,500,000

1,454,200,000

Note: (*)

Financial Highlights

 

Income Statement

Currency

:

USD

Denomination

:

1

Financial Year Ending

:

December

Financial Highlights

2013 Annual

2014 Annual

2015 2nd Qtr

Turnover(*)

10,357,400,000

11,008,300,000

5,593,400,000

Profit (Loss) Before Tax(*)

614,900,000

601,000,000

226,700,000

Profit After Tax attributable to Shareholders(*)

512,900,000

507,700,000

187,200,000

 

Sales

10,357,400,000

11,008,300,000

5,593,400,000

Cost of sales

(7,270,400,000)

(7,717,300,000)

(3,961,500,000)

Gross margin

3,087,000,000

3,291,000,000

1,631,900,000

Other operating income

178,600,000

168,700,000

79,600,000

Selling and distribution costs

(2,318,600,000)

(2,508,400,000)

(1,302,000,000)

Administration and other operating expenses

(395,700,000)

(417,300,000)

(208,900,000)

Operating profit

551,300,000

534,000,000

200,600,000

Financing charges

(10,700,000)

(8,600,000)

(6,700,000)

Financing income

7,600,000

6,700,000

1,100,000

Net financing charges

(3,100,000)

(1,900,000)

(5,600,000)

Share of results of associates and joint ventures

66,700,000

68,900,000

31,700,000

Profit before tax

614,900,000

601,000,000

226,700,000

Tax

(102,000,000)

(93,300,000)

(39,500,000)

Profit after tax

512,900,000

507,700,000

187,200,000

Other comprehensive income / (expense) for the year, net of tax

(123,400,000)

(52,600,000)

(50,900,000)

Total comprehensive income for the period

389,500,000

455,100,000

136,300,000

Note: (*)

Financial Highlights

 

Financial Ratios

Financial Highlights

2013 Annual

2014 Annual

2015 2nd Qtr

Growth % 

Year-on-Year Growth

-

6.28

-

Profitability 

Profit Margin (%)

4.95

4.61

3.35

Return on Equity (%)

37.24

33.35

12.87

Return on Assets (%)

12.94

11.76

3.72

Leverage 

Total Debt Equity (Times)

1.88

1.84

2.46

Current Debt Equity (Times)

1.76

1.69

2.28

Long Term Debt to Equity

0.12

0.15

0.18

Total Asset To Total Equity

2.88

2.84

3.46

Asset Management 

Total Assets Turnover (Times)

2.61

2.55

1.11

Fixed Assets Turnover (Times)

5.10

4.61

1.63

Liquidity 

Current Ratio

0.80

0.75

0.48

 

 

FOREIGN EXCHANGE RATES

 

Today's Exchange rate

:

1.00 BND
Brunei Dollars

=

0.724638 USD
United States Dollars

 

 

ADDITIONAL INFORMATION

 

Report Details

 

 

Country

:

Brunei

Business Entity Name

:

GIANT TMC (B) SDN BHD

Primary Business Activity

:

Trader

Primary Industry

:

Consumer Products

Office Contact Details

Operating Address

:

Giant Hypermarket Tasik Rimba Lot 58865 Kampong Rimba, Mukim Gadong, Bandar Seri Begawan, Negara BE3119

Tel

:

[+673]-2460829

 

:

[+673]-2460820

Fax

:

[+673]-2460821

 

:

[+673]-2460834

Website Details

Website

:

http://www.dairyfarmgroup.com/

Ownership Type

:

Registered ownership by a related third party

Owner Country

:

Bermuda

Owner Name

:

DAIRY FARM INTERNATIONAL HOLDINGS LTD

 

Primary Products

Products / Materials / Services Description

Activity

Beverages

Importing, Trading

Clothing

Importing, Trading

Consumer products

Importing, Trading

Dairy products

Importing, Trading

Electrical goods

Importing, Trading

 

SIC PRODUCT CLASSIFICATION & ACTIVITY

 

Product/Service Description

Code

Activity

Apparel/Other Textile Products

2300

Importing, Trading

Dairy Products

5143

Importing, Trading

Electrical Appliances

5064

Importing, Trading

Food and Kindred Products

2000

Importing, Trading

Footwear

5139

Importing, Trading

Housefurnishings, nspf

2392

Importing, Trading

Lighting equipment, nspf (including commercial)

3648

Importing, Trading

Malt beverages

2082

Importing, Trading

Manufactured articles, nspf

3999

Importing, Trading

Meat products and meat packing products, except poultry and small game animals

2011

Importing, Trading

 

HARMONIZED PRODUCT CLASSIFICATION & ACTIVITY

 

Product/Service Description

Code

Activity

Articles of apparel & clothing accessories-knitted or crocheted

6100

Importing, Trading

Assembly and distribution services of gen commodities

9958

Service

Beverages, spirits & vinegar

2200

Importing, Trading

Business services, health, financial/insur. legal/real estate, hotels, and misc repairs

9900

Service

Dairy products

0405207000

Importing, Trading

Electrical machinery & equip. & parts; telecommunications equip., sound recorders, television recorders

8500

Importing, Trading

Electromech domestic appliances; parts

8509

Importing, Trading

Food preparations

2106

Importing, Trading

Footwear

6405

Importing, Trading

Garments nesoi, knitted or crocheted

6114

Importing, Trading

 

DETAILED PRODUCT CLASSIFICATION & ACTIVITY

 

Products / Materials / Services Description

Ranking

Activity

Electronic goods

Primary

Importing, Trading

Food products

Primary

Importing, Trading

Footwear

Primary

Importing, Trading

Household products

Primary

Importing, Trading

Lighting equipment

Primary

Importing, Trading

Meat products

Primary

Importing, Trading

Rice

Primary

Importing, Trading

Hypermarket

Secondary

Service

 

CORE BUSINESS DESCRIPTION

Core Business

The primary business focus of GIANT TMC (B) SDN BHD is Trading - Finished products.

Key products include :

Beverages

Clothing

Consumer products

Dairy products

Electrical goods

Electronic goods

Food products

Footwear

Household products

Lighting equipment

Meat products

 

 

Supplementary Business

In addition to the core business, GIANT TMC (B) SDN BHD also is engaged in the following areas of business:

Importing

Importing - Finished products

 

 

INTERNATIONAL TRADE - Activity & Markets

 

 

Country / Region

Estimated level of importance

Trading Activity

Asia / Pacific

High

Importing

Europe

Medium

Importing

Cambodia

Medium

Importing

Hong Kong

High

Importing

Indonesia

High

Importing

Korea, South (Republic of Korea)

Medium

Importing

Malaysia

High

Importing

Philippines

High

Importing

Singapore

High

Importing

Thailand

Medium

Importing

United Kingdom

High

Importing

 

 

CORPORATE SECRETARIES

 

 

 

 

Secretary Name

LEE CORPORATEHOUSE ASSOCIATES

 

 

OFFICE & FACILITIES

The following information relates to the Business Entity's office as listed above:

Name

:

GIANT TMC (B) SDN BHD - MUKIM GADONG, BANDAR SERI BEGAWAN

Primary Use

:

Office & Administration facilities

Other Use

:

This facility is also used for Warehousing

Employees

:

200

Type of Location

:

Commercial

Address

:

Giant Hypermarket Tasik Rimba Lot 58865 Kampong Rimba, Mukim Gadong, Bandar Seri Begawan, Negara BE3119

Country

:

Brunei

Status

:

Operational

 

 

STRATEGIC PARTNER/S & ALLIANCES

 

 

Group / Alliance name

:

DAIRY FARM GROUP

Recognition Status

:

Although DAIRY FARM GROUP is not a formally registered business entity name, it is widely recognized as the general collective business name allocated to companies owned and operating as listed in the Related Parties section of this report.

Holding Company

:

DAIRY FARM INTERNATIONAL HOLDINGS LTD

Country

:

Bermuda

Flagship Company

:

DAIRY FARM CO LTD , THE

Country

:

Hong Kong

 

 

 

 

 

 

NOTES & COMMENTS

 

N/A

 

FOREIGN EXCHANGE RATES

 

Currency
Unit

Indian Rupees

US Dollar

1

Rs.66.75

UK Pound

1

Rs.100.29

Euro

1

Rs.72.89

BND

1

Rs.47.65

 

Note : Above are approximate rates obtained from sources believed to be correct

 

 

INFORMATION DETAILS

 

Analysis Done by :

KIN

 

 

Report Prepared by :

TPT

 

               

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%)

PRIVATE & CONFIDENTIAL : This information is provided to you at your request, you having employed MIPL for such purpose. You will use the information as aid only in determining the propriety of giving credit and generally as an aid to your business and for no other purpose. You will hold the information in strict confidence, and shall not reveal it or make it known to the subject persons, firms or corporations or to any other. MIPL does not warrant the correctness of the information as you hold it free of any liability whatsoever. You will be liable to and indemnify MIPL for any loss, damage or expense, occasioned by your breach or non observance of any one, or more of these conditions

This report is issued at your request without any risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL) or its officials.