|
Report No. : |
308110 |
|
Report Date : |
17.02.2015 |
IDENTIFICATION DETAILS
|
Name : |
SCG PLASTICS CO.,
LTD. |
|
|
|
|
Formerly Known As : |
|
|
|
|
|
Registered Office : |
|
|
|
|
|
Country : |
|
|
|
|
|
Financials (as on) : |
31.12.2013 |
|
|
|
|
Date of Incorporation : |
25.04.1995 |
|
|
|
|
Com. Reg. No.: |
0105538050741 |
|
|
|
|
Legal Form : |
Private Limited Company |
|
|
|
|
Line of Business : |
Subject is distributer and exporter of petrochemical. |
|
|
|
|
No. of Employee : |
120 |
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 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 |
SCG PLASTICS
CO., LTD.
[FORMER : CCC CHEMICAL
COMMERCE CO., LTD.]
BUSINESS
ADDRESS : 1
SIAM CEMENT ROAD,
KWAENG BANGSUE,
KHET BANGSUE,
BANGKOK 10800, THAILAND
TELEPHONE : [66] 2586-6262,
2586-5809, 2586-5897, 2586-5988
FAX :
[66] 2586-5514,
2586-2093, 2586-3907
E-MAIL
ADDRESS : chalermh@scg.co.th
sirinutj@scg.co.th
REGISTRATION
ADDRESS : SAME
AS BUSINESS ADDRESS
ESTABLISHED
: 1995
REGISTRATION
NO. : 0105538050741 [Former : [1]
1129/]2538]
TAX
ID NO. : 3011580127
CAPITAL REGISTERED : BHT.
10,000,000
CAPITAL PAID-UP : BHT. 5,000,000
FISCAL YEAR CLOSING DATE : DECEMBER 31
SHAREHOLDER’S PROPORTION : THAI :
100%
LEGAL
STATUS : PRIVATE LIMITED
COMPANY
EXECUTIVE : MR.
SAKCHAI PATIPARNPREECHAVUD, THAI
MANAGING DIRECTOR
NO.
OF STAFF : 120
LINES
OF BUSINESS : PETROCHEMICAL DISTRIBUTOR AND
EXPORTER
OPERATING
TREND : STABLE
PRESENT
SITUATION : OPERATING NORMALLY
REPUTATION : GOOD
WITH NORMAL BUSINESS
ENGAGEMENT
MANAGEMENT STANDARD : MANAGEMENT WITH
GOOD PERFORMANCE
The subject was
established on April
25, 1995 as
a private limited
company under the
registered name “Siam
Chemical Trading Co., Ltd.” with
the business objective
to distribute petrochemical
products, specialized in
Poly-olefins to both
domestic and export
markets. On January 2, 2002, subject’s
name was changed to “CCC Chemical
Commerce Co., Ltd.”, and
finally changed to “SCG PLASTICS
CO., LTD.” on
January 3, 2007. It
employs approximately 120
staff.
At present, subject
is a wholly
owned subsidiary of
“SCG Chemicals Co.,
Ltd.” [Former : Cementhai
Chemicals Co., Ltd.],
which is a
subsidiary of Siam
Cement Public Company
Limited, and is
also a member
of The Siam
Cement Group in
petrochemicals business, which
has over 30
subsidiaries and affiliated
companies.
The
subject’s registered address
is 1 Siam Cement Rd.,
Kwaeng Bangsue, Khet
Bangsue, Bangkok 10800,
and this is
the subject’s current
operation address.
|
Name |
|
Nationality |
Age |
|
|
|
|
|
|
Mr. Rungroj Rangsiyopas |
|
Thai |
52 |
|
Mr. Somchai Wangwattanapanich |
|
Thai |
56 |
|
Mr. Cholanat Yanaranop |
|
Thai |
56 |
|
Mr. Sakchai Patiparnpreechavud |
|
Thai |
48 |
|
Mr. Chavalit Ekabut |
|
Thai |
56 |
|
Mr. Yuttana Jiamtragan |
|
Thai |
52 |
Any two of
the above directors
can jointly sign on behalf
of the subject
with
company’s affixed.
Mr. Sakchai
Patiparnpreechavud is the
Managing Director.
He is Thai
nationality with the
age of 48
years old.
Mr. Visith Trichaivichitkul is
the Export Sales
Manager.
He is Thai
nationality.
Mr. Chaovalit Treechak is
the Local Sales
Manager.
He is Thai
nationality.
The
subject’s activities are
distributor and exporter
wide range of
Poly-olefins, such as
Polyethylene [PE], [EL-Lene
Polyethylene Plastic Resin],
Polypropylene [PP], [EL-Pro
Polypropylene Plastic
Resin], High Density
Polyethylene [HDPE], Low Density
Polyethylene [LDPE], and Linear Low Density Polyethylene [LLDPE], as well
as Pulverized Powders
and Compounded Resins.
100% of the products
is purchased from associated companies
in Petrochemical Business
of Siam Cement
Group.
Thai Polyethylene Co.,
Ltd : Thailand
Thai Polypropylene Co., Ltd. : Thailand
SCG Polyolefins Co.,
Ltd. : Thailand
40% of its
products is sold
locally to manufacturers, wholesalers
and end-users.
60% of the
products is exported
to Hong Kong,
Indonesia, Malaysia, India,
Singapore,
Australia, Republic of
China, Vietnam, Japan,
Myanmar, Laos, Taiwan,
Chile, Pakistan,
United States of
America, Bangladesh and
Philippines.
The subject has
representatives and overseas
branches in Guizhou,
Shanghai, Myanmar, Laos
and Vietnam.
CCC Chemical Commerce
[China] Co., Ltd. :
Republic of China
Grand Siam Composites
Co., Ltd. : Thailand
SCG Trading [U.S.A]
Inc. : United
States of America
Universal Polymer Co.,
Ltd. : Thailand
MC Industrial Chemical
Co., Ltd. :
Thailand
Mehran Plastics Industries
Pvt. Ltd. : Pakistan
The Siam Cement Group
[Petrochemical Business]:
|
Name |
Country |
Line of
Business |
|
|
|
|
|
Thai Polyethylene Co., Ltd. |
Thailand |
Manufacturer of polyethylene [HDPE,
MDPE, LLDPE] |
|
Thai Polypropylene Co., Ltd. |
Thailand |
Manufacturer of polypropylene |
|
SCG Plastics Co.,
Ltd. |
Thailand |
Trading company |
|
SCG Performance Chemicals Co., Ltd. |
Thailand |
Trading company |
|
SCG Polyolefins Co.,
Ltd. |
Thailand |
Trading company |
|
Rayong Engineering &
Plant Service Co.,
Ltd. |
Thailand |
Engineering and plant
service |
|
RIL 1996 Co.,
Ltd. |
Thailand |
Industrial estate |
|
Rayong Pipeline Co.,
Ltd. |
Thailand |
Rights of way
and use |
|
Map Ta Phut
Tank Terminal Co., Ltd. |
Thailand |
Warehouse and transportation services |
|
Map Ta Phut Olefins Co., Ltd. |
Thailand |
Raw material for plastic
resins |
|
Thai Plastic and
Chemicals Plc. |
Thailand |
Plastic resins and
PVC compound |
|
TPC Paste Resin Co., Ltd. |
Thailand |
PVC paste resins |
|
Nawa Plastic Industries Co., Ltd. |
Thailand |
PVC pipe and PVC products |
|
Nawa Intertech Co., Ltd. |
Thailand |
Molding and etc. |
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.
Sales are by
cash or on
the credits term
of 30-60 days.
Local bills are
paid on the
credits term of
30-60 days.
Exports are against
L/C at sight
and T/T.
Kasikornbank Public Co., Ltd.
[Head Office
: 1 Kasikorn
Lane, Rajburana Rd.,
Rajburana, Bangkok ]
The Siam Commercial
Bank Public Co., Ltd.
[Head Office
: 9 Ratchadapisek
Rd., Ladyao, Jatujak,
Bangkok 10900]
The subject employs
approximately 120 office
staff and sales
staff.
The premise is
rented for administrative office
at the heading address.
Premise is located
in commercial/residential area.
Subject
was formed in
1995 as a distributor and
exporter of petrochemical
products. Its products
are mostly for industrial users. With
its accumulated experience
for two decades, the
subject has gained
creditability and comprehensive
network in the
Thai industry. Generally,
its business is
solid and growing
considerably.
The capital was
registered at Bht.
10,000,000 divided into
100,000 shares of
Bht. 100 each, with
the current capital
paid-up at Bht.
5,000,000 or 100,000
shares of Bht.
50 each.
[as at April
28, 2014] at Bht.
5,000,000 of capitalization.
|
NAME |
HOLDING |
% |
|
|
|
|
|
SCG Chemicals Co., Ltd. Nationality: Thai Address : 1 Siam Cement
Rd., Kwaeng Bangsue,
Khet Bangsue,
Bangkok |
99,998 |
100.00 |
|
Mrs. Veeranuch Setthamethikul Nationality: Thai Address : 40/29 Moo
6, Kukot, Lamlukka,
Pathumthani |
1 |
- |
|
Ms. Chaliya Bhanubhongs Nationality: Thai Address : 32/29 Ladprao
23 Rd., Kwaeng Chankasem, Khet Chatuchak,
Bangkok |
1 |
- |
Total Shareholders : 3
Share Structure [as
at April 28,
2014]
|
Nationality |
Shareholders |
No. of Share |
% Shares |
|
|
|
|
|
|
Thai |
3 |
100,000 |
100.00 |
|
Foreign |
- |
- |
- |
|
Total |
3 |
100,000 |
100.00 |
Ms. Sureerat
Thong-aroonsaeng No. 4409
The latest financial
figures published for
December 31, 2013, 2012 & 2011 were:
ASSETS
|
Current Assets |
2013 |
2012 |
2011 |
|
|
|
|
|
|
Cash and Cash Equivalents |
197,625,310 |
171,208,542 |
220,959,130 |
|
Trade Accounts and Other
Receivable |
6,045,512,042 |
5,020,080,613 |
5,171,531,741 |
|
Short-term Loan to Related Company |
- |
- |
111,447,597 |
|
Goods Available for Sale |
174,927,305 |
368,973,174 |
137,245,954 |
|
Value Added Tax Receivable |
334,824,389 |
348,726,292 |
381,017,126 |
|
Other Current Assets
|
65,567,094 |
61,085,553 |
45,270,229 |
|
|
|
|
|
|
Total Current Assets
|
6,818,456,140 |
5,970,074,174 |
6,067,107,777 |
|
Investment in Subsidiaries |
2,607,053,578 |
2,607,053,578 |
2,607,053,578 |
|
Other Long-term Investment |
103,809 |
61,198 |
61,198 |
|
Building and Equipment |
25,527,830 |
19,739,634 |
25,867,528 |
|
Intangible Assets |
40,598,644 |
60,132,029 |
73,613,648 |
|
Other Non-current Assets |
447,191 |
594,019 |
997,692 |
|
Total Assets |
9,492,187,192 |
8,657,654,632 |
8,774,701,421 |
LIABILITIES & SHAREHOLDERS'
EQUITY [BAHT]
|
Current
Liabilities |
2013 |
2012 |
2011 |
|
|
|
|
|
|
Bank Overdraft |
10,770,268 |
26,000,128 |
7,954,380 |
|
Trade Accounts and Other
Payable |
6,551,571,051 |
5,883,919,441 |
6,831,617,645 |
|
Short-term Loan from Related Company |
2,443,763,083 |
2,068,650,496 |
1,158,684,448 |
|
Accrued Income Tax |
28,283 |
69,566,686 |
96,738,114 |
|
Other Current Liabilities |
4,326,801 |
4,048,797 |
4,371,291 |
|
Total Current Liabilities |
9,010,459,486 |
8,052,185,548 |
8,099,365,878 |
|
Deferred Income Tax Liabilities
|
12,405,601 |
9,316,654 |
14,639,535 |
|
Provision for Employee
Benefit |
16,537,433 |
13,658,700 |
4,339,712 |
|
Total Liabilities |
9,039,402,520 |
8,075,160,902 |
8,118,345,125 |
|
|
|
|
|
|
Shareholders' Equity |
|
|
|
|
|
|
|
|
|
Share capital : Baht 100
value Authorized &
issued share capital
100,000 shares |
10,000,000 |
10,000,000 |
10,000,000 |
|
Capital Paid |
5,000,000 |
5,000,000 |
5,000,000 |
|
Retained Earning Appropriated for Statutory Reserve |
1,000,000 |
1,000,000 |
1,000,000 |
|
Unappropriated |
446,750,583 |
576,493,730 |
650,356,296 |
|
Other Components of Equity |
34,089 |
- |
- |
|
Total Shareholders' Equity |
452,784,672 |
582,493,730 |
656,356,296 |
|
Total Liabilities & Shareholders' Equity |
9,492,187,192 |
8,657,654,632 |
8,774,701,421 |
PROFIT &
LOSS ACCOUNT
|
Revenue |
2013 |
2012 |
2011 |
|
|
|
|
|
|
Sales Income |
75,083,380,569 |
68,788,922,777 |
65,593,646,442 |
|
Other Income |
602,312,715 |
189,112,443 |
157,569,302 |
|
Gain on Exchange Rate |
- |
123,006,512 |
342,387,889 |
|
Total Revenues |
75,685,693,284 |
69,101,041,732 |
66,093,603,633 |
|
Expenses |
|
|
|
|
|
|
|
|
|
Cost of Goods
Sold |
73,287,635,468 |
66,544,237,250 |
63,582,265,868 |
|
Selling Expenses |
1,022,694,708 |
1,196,721,122 |
1,028,610,528 |
|
Administrative Expenses |
686,137,966 |
622,406,566 |
592,764,344 |
|
Loss on Exchange Rate |
106,250,133 |
- |
- |
|
Total Expenses |
1,815,082,807 |
68,363,364,938 |
65,203,640,740 |
|
Profit before Financial Cost
& Income Tax |
582,975,009 |
737,676,794 |
889,962,893 |
|
Financial Cost |
[69,375,834] |
[45,496,077] |
[36,449,041] |
|
Profit before Income Tax |
513,599,175 |
692,180,717 |
853,513,852 |
|
Income Tax |
[73,342,322] |
[121,043,283] |
[209,473,463] |
|
Net Profit / [Loss] |
440,256,853 |
571,137,434 |
644,040,389 |
FINANCIAL ANALYSIS
|
ITEM |
UNIT |
2013 |
2012 |
2011 |
|
|
|
|
|
|
|
LIQUIDITY RATIO |
|
|
|
|
|
CURRENT RATIO |
TIMES |
0.76 |
0.74 |
0.75 |
|
QUICK RATIO |
TIMES |
0.69 |
0.64 |
0.68 |
|
|
|
|
|
|
|
ACTIVITY RATIO |
|
|
|
|
|
FIXED ASSETS TURNOVER |
TIMES |
2,941.24 |
3,484.81 |
2,535.75 |
|
TOTAL ASSETS TURNOVER |
TIMES |
7.91 |
7.95 |
7.48 |
|
INVENTORY CONVERSION PERIOD |
DAYS |
0.87 |
2.02 |
0.79 |
|
INVENTORY TURNOVER |
TIMES |
418.96 |
180.35 |
463.27 |
|
RECEIVABLES CONVERSION PERIOD |
DAYS |
29.39 |
26.64 |
28.78 |
|
RECEIVABLES TURNOVER |
TIMES |
12.42 |
13.70 |
12.68 |
|
PAYABLES CONVERSION PERIOD |
DAYS |
32.63 |
32.27 |
39.22 |
|
CASH CONVERSION CYCLE |
DAYS |
(2.37) |
(3.61) |
(9.65) |
|
|
|
|
|
|
|
PROFITABILITY
RATIO |
|
|
|
|
|
COST OF GOODS SOLD |
% |
97.61 |
96.74 |
96.93 |
|
SELLING & ADMINISTRATION |
% |
2.28 |
2.64 |
2.47 |
|
INTEREST |
% |
0.09 |
0.07 |
0.06 |
|
GROSS PROFIT MARGIN |
% |
3.19 |
3.72 |
3.83 |
|
NET PROFIT MARGIN BEFORE EX. ITEM |
% |
98.38 |
1.07 |
1.36 |
|
NET PROFIT MARGIN |
% |
0.59 |
0.83 |
0.98 |
|
RETURN ON EQUITY |
% |
97.23 |
98.05 |
98.12 |
|
RETURN ON ASSET |
% |
4.64 |
6.60 |
7.34 |
|
EARNING PER SHARE |
BAHT |
8,805.14 |
11,422.75 |
12,880.81 |
|
|
|
|
|
|
|
LEVERAGE RATIO |
|
|
|
|
|
DEBT RATIO |
TIMES |
0.95 |
0.93 |
0.93 |
|
DEBT TO EQUITY RATIO |
TIMES |
19.96 |
13.86 |
12.37 |
|
TIME INTEREST EARNED |
TIMES |
1,064.79 |
16.21 |
24.42 |
|
|
|
|
|
|
|
ANNUAL GROWTH |
|
|
|
|
|
SALES GROWTH |
% |
9.15 |
4.87 |
|
|
OPERATING PROFIT |
% |
9,913.95 |
(17.11) |
|
|
NET PROFIT |
% |
(22.92) |
(11.32) |
|
|
FIXED ASSETS |
% |
29.32 |
(23.69) |
|
|
TOTAL ASSETS |
% |
9.64 |
(1.33) |
|
An annual sales growth is 9.15%. Turnover has increased from THB
68,788,922,777.00 in 2012 to THB 75,083,380,569.00 in 2013. While net profit
has decreased from THB
PROFITABILITY
RATIO
|
Gross Profit Margin |
3.19 |
Impressive |
Industrial
Average |
2.51 |
|
Net Profit Margin |
0.59 |
Deteriorated |
Industrial
Average |
1.36 |
|
Return on Assets |
4.64 |
Acceptable |
Industrial
Average |
6.71 |
|
Return on Equity |
97.23 |
Impressive |
Industrial
Average |
17.50 |
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 3.19%. 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 0.59%.
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 4.64%.
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 97.23%, higher figure when compared with those of its average competitors in
the same industry, indicated that business was an efficient profits 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 RATIO
|
Current Ratio |
0.76 |
Risky |
Industrial
Average |
1.63 |
|
Quick Ratio |
0.69 |
|
|
|
|
Cash Conversion Cycle |
(2.37) |
|
|
|
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 0.76 times in 2013, increased from 0.74 times, then the company may not be
efficiently using its current assets. 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 0.69 times in 2013,
increased from 0.64 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 -3 days.
Trend of the
average competitors in the same industry for last 5 years
Current Ratio Uptrend
LEVERAGE RATIO
|
Debt Ratio |
0.95 |
Acceptable |
Industrial
Average |
0.58 |
|
Debt to Equity Ratio |
19.96 |
Risky |
Industrial
Average |
1.38 |
|
Times Interest Earned |
1,064.79 |
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 1064.79 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 0.95 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 Downtrend
Times Interest Earned Stable
ACTIVITY RATIO
|
Fixed Assets Turnover |
2,941.24 |
Impressive |
Industrial
Average |
- |
|
Total Assets Turnover |
7.91 |
Impressive |
Industrial
Average |
4.95 |
|
Inventory Conversion Period |
0.87 |
|
|
|
|
Inventory Turnover |
418.96 |
Impressive |
Industrial
Average |
14.31 |
|
Receivables Conversion Period |
29.39 |
|
|
|
|
Receivables Turnover |
12.42 |
Impressive |
Industrial
Average |
5.17 |
|
Payables Conversion Period |
32.63 |
|
|
|
The company's Account Receivable Ratio is calculated as 12.42 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 decreased from 2 days at the end
of 2012 to 1 day at the end of 2013. This represents a positive trend. And
Inventory turnover has increased from 180.35 times in year 2012 to 418.96 times
in year 2013.
The company's Total Asset Turnover is calculated as 7.91 times and 7.95
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
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.62.20 |
|
|
1 |
Rs.95.99 |
|
Euro |
1 |
Rs.71.00 |
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.