MIRA INFORM REPORT
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Report No. : |
321642 |
|
Report Date : |
13.05.2015 |
IDENTIFICATION DETAILS
|
Name : |
NUTRITION COMPANY LIMITED |
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|
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Formerly Known As : |
NUTRITION LIMITED PARTNERSHIP |
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Registered Office : |
47/2 Moo 6, Puttamonthon Sai 4 Road, A. Grathumlom, A Sampran, Nakhonpathom 73220 |
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|
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Country : |
Thailand |
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|
|
|
Financials (as on) : |
31.12.2013 |
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Date of Incorporation : |
11.08.1981 |
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Com. Reg. No.: |
0735552002702 |
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Legal Form : |
Private Limited Company |
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Line of Business : |
Import and distribute industrial chemicals and ingredients. |
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No. of Employees : |
16 |
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 |
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Payment Behaviour : |
No Complaints |
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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 – 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 |
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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 |
Company
name and address
NUTRITION
COMPANY LIMITED
[FORMER:
NUTRITION LIMITED PARTNERSHIP]
SUMMARY
BUSINESS
ADDRESS : 47/2
MOO 6, PUTTAMONTHON
SAI 4 ROAD,
A.
GRATHUMLOM, A. SAMPRAN,
NAKHONPATHOM 73220,
THAILAND
TELEPHONE : [66] 2840-4315-6,
2840-4311
FAX :
[66] 2840-4300
REGISTRATION
ADDRESS : SAME
AS BUSINESS ADDRESS
ESTABLISHED
: 2009
REGISTRATION
NO. : 0735552002702
TAX
ID NO. : 3102297538
CAPITAL REGISTERED : BHT. 5,000,000
CAPITAL PAID-UP : BHT.
5,000,000
SHAREHOLDER’S PROPORTION : THAI :
100%
FISCAL YEAR CLOSING DATE : DECEMBER 31
LEGAL
STATUS : PRIVATE LIMITED
COMPANY
EXECUTIVE : MR.
SURADEJ EKPANYASKUN, THAI
MANAGING DIRECTOR
NO.
OF STAFF : 16
LINES
OF BUSINESS : INDUSTRIAL CHEMICALS
AND INGREDIENTS
IMPORTER AND
DISTRIBUTOR
CORPORATE PROFILE
OPERATING
TREND : STABLE
PRESENT
SITUATION : OPERATING NORMALLY
REPUTATION : GOOD
WITH NORMAL BUSINESS
ENGAGEMENT
MANAGEMENT
STANDARD : MANAGEMENT WITH
GOOD PERFORMANCE
HISTORY
The
subject was formed
on August 11,
1981 originally as
a limited partnership,
by Mr. Suradej and Mr. Ek
Ekpanyaskun, the Thai
partners, with the
business objective to
import and distribute
industrial chemicals and
ingredients. On September
7, 2009 the
subject’s status became
to private limited
company, namely NUTRITION
COMPANY LIMITED. It
currently employs 16
staff.
The
subject’s registered address
is 47/2 Moo
6, Puttamonthon Sai
4 Road,
T. Grathumlom, A. Sampran,
Nakhonpathom 73220, and
this is the
subject’s current operation address.
THE BOARD
OF DIRECTOR
|
Name |
|
Nationality |
Age |
|
|
|
|
|
|
Mr. Suradej Ekpanyaskun |
|
Thai |
65 |
|
Mr. Nithis Ekpanyaskun |
|
Thai |
36 |
|
Ms. Pat Ekpanyaskun |
|
Thai |
33 |
|
Mrs. Chutinan Sanansiang |
|
Thai |
64 |
AUTHORIZED PERSON
Anyone of the
above directors can
sign on behalf
of the subject
with company’s affixed.
MANAGEMENT
Mr. Suradej Ekpanyaskun is the Managing
Director.
He is Thai
nationality with the
age of 65
years old.
Mrs. Chutinan Sanansiang is
the Deputy Managing
Director.
She is Thai
nationality with the age
of 64 years
old.
Mr. Nithis Ekpanyaskun is
the Sales & Marketing Manager.
He is Thai
nationality with the
age of 36
years old.
Ms. Pat Ekpanyaskun is
the Accounting & Finance Manager.
She is Thai
nationality with the age
33 years old.
BUSINESS
OPERATIONS
The subject
is engaged in
importing and distributing
of chemicals and
ingredients for foods,
pharmaceuticals and feed
production industries.
MAJOR
BRANDS
“HAEO”, “GLUCONA”,
“ITPSA”, “RIBER & SON”
and etc.
PURCHASE
80% of the
products is imported
from U.K., Switzerland,
Australia, Netherlands, Germany,
Norway, Spain, Malaysia,
India, Canada, Taiwan
and Republic of
China,
the remaining 20%
is purchased from
local supplier.
MAJOR
SUPPLIERS
Itpsa : Spain
Haeo
Swiss S.A. : Switzerland
G.F.
Ltd. : Australia
Laboratories
Pancosma S.A. : Switzerland
Germantown
[Australia] Company : Australia
Leiner
Davis Gelatin [Australia]
Pty. Ltd. : Australia
SALES
100% of the
products is sold locally to
wholesalers and end-users.
MAJOR
CUSTOMER
The Government Pharmaceutical Organization : Thailand
RELATED
AND AFFILIATED COMPANIES
Nutrin Co., Ltd.
Business Type :
Importer and distributor
of industrial chemicals
and ingredients
Adinop Co., Ltd.
Business Type :
Distributor of cosmetics
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 30-60-90 days.
Local bills are
paid by cash
or on the
credits term of
30-60 days.
Imports are by
L/C at sight.
BANKING
The
Siam Commercial Bank
Public Co., Ltd.
[Taladnoi
Branch, 1280 Yotha
Road, Taladnoi, Samphantawong, Bangkok]
Kasikornbank
Public Co., Ltd.
[Rama
9 Branch, 370/7-8
Rama 9 Road,
Huaykwang, Bangkok]
Bank
of Ayudhya Public
Co., Ltd.
[Samyaek
Branch, 34-7 Lamphunchai
Road, Samphantawong, Bangkok]
Bangkok
Bank Public Co.,
Ltd.
[Taladnoi
Branch, 280 Yotha
Road, Taladnoi, Samphantawong,
Bangkok]
EMPLOYMENT
The
subject currently employs
16 staff.
LOCATION DETAILS
The
premise is owned
for administrative office
at the heading
address. Premise is
located
in provincial.
COMMENT
The products
are available in
various styles in
order to suit demand of industrial users. The
subject’s operating performance
in 2013 was
moderate, and its
business trend remains
promising.
FINANCIAL INFORMATION
The
capital was registered at
Bht. 5,000,000 divided
into 50,000 shares
of Bht. 100 each
with fully paid.
THE
SHAREHOLDERS LISTED WERE
: [as at
February 25, 2015]
|
NAME |
HOLDING |
% |
|
|
|
|
|
Mr. Suradej Ekpanyaskun Nationality: Thai Address : 96
Yotha Road, Taladnoi,
Samphantawong, Bangkok |
41,000 |
82.00 |
|
Mr. Nithis Ekpanyaskun Nationality: Thai Address : 98
Yotha Road, Taladnoi,
Samphantawong, Bangkok |
5,000 |
10.00 |
|
Ms. Pat Ekpanyaskun Nationality: Thai Address : 98
Yotha Road, Taladnoi,
Samphantawong, Bangkok |
4,000 |
8.00 |
Total Shareholders : 3
Share Structure [as
at February 25,
2015]
|
Nationality |
Shareholders |
No. of Share |
% Shares |
|
|
|
|
|
|
Thai |
3 |
50,000 |
100.00 |
|
Foreign |
- |
- |
- |
|
Total |
3 |
50,000 |
100.00 |
NAME OF AUDITOR
& CERTIFIED PUBLIC
ACCOUNTANT NO. :
Mr. Somsit Techamontrikul No.
0430
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 |
7,233,645.56 |
19,293,605.24 |
29,388,475.36 |
|
Short-term Investment |
35,135,013.13 |
48,003,031.52 |
41,934,990.49 |
|
Trade Accounts &
Other Receivable |
1,395,568.39 |
2,988,993.44 |
7,743,250.80 |
|
Inventories |
10,034,484.02 |
8,181,177.14 |
4,899,201.88 |
|
Other Current Assets
|
1,085,709.46 |
158,164.13 |
154,545.68 |
|
|
|
|
|
|
Total Current Assets
|
54,884,420.56 |
78,624,971.47 |
84,120,464.21 |
|
Cash at Bank
pledged as a
Collateral |
28,673,750.00 |
28,182,265.97 |
22,955,925.00 |
|
Long-term Investment |
10,000,000.00 |
10,000,000.00 |
- |
|
Fixed Assets |
44,053,139.41 |
48,586,417.93 |
53,165,295.79 |
|
Intangible Assets |
20,334.93 |
34,567.58 |
73,043.72 |
|
Other Non-current Assets |
67,249.15 |
67,249.15 |
69,118.31 |
|
Total Assets |
137,698,894.05 |
165,495,472.10 |
160,383,847.03 |
LIABILITIES &
SHAREHOLDERS' EQUITY [BAHT]
|
Current Liabilities |
2013 |
2012 |
2011 |
|
|
|
|
|
|
Bank Overdraft from Financial Institutions |
976,798.56 |
- |
- |
|
Trade Accounts &
Other Payable |
10,315,513.83 |
9,333,522.84 |
7,602,214.55 |
|
Other Current Liabilities |
3,746,131.08 |
590,179.94 |
299,945.82 |
|
|
|
|
|
|
Total Current Liabilities |
15,038,443.47 |
9,923,702.78 |
7,902,160.37 |
|
|
|
|
|
|
Estimated Liabilities for
Employee Benefits |
514,285.57 |
392,447.17 |
347,922.50 |
|
Total Liabilities |
15,552,729.04 |
10,316,149.95 |
8,250,082.87 |
|
|
|
|
|
|
Shareholders' Equity |
|
|
|
|
|
|
|
|
|
Share capital : Baht 100
par value authorized, issued
and fully paid share
capital 50,000 shares |
5,000,000.00 |
5,000,000.00 |
5,000,000.00 |
|
|
|
|
|
|
Capital Paid |
5,000,000.00 |
5,000,000.00 |
5,000,000.00 |
|
Retained Earning Appropriated for
statutory reserve |
500,000.00 |
- |
500,000.00 |
|
Unappropriated |
114,355,183.38 |
147,364,230.83 |
145,386,713.87 |
|
Other Components of Shareholder Equity |
2,290,981.63 |
2,815,091.32 |
1,747,050.29 |
|
Total Shareholders' Equity |
122,146,165.01 |
155,179,322.15 |
152,133,764.16 |
|
Total Liabilities &
Shareholders' Equity |
137,698,894.05 |
165,495,472.10 |
160,383,847.03 |
PROFIT
& LOSS ACCOUNT
|
Revenue |
2013 |
2012 |
2011 |
|
|
|
|
|
|
Sales Income |
51,007,554.12 |
38,289,773.41 |
49,727,155.16 |
|
Services Income |
3,437,100.00 |
3,656,050.00 |
3,668,380.50 |
|
Other Income |
7,280,155.85 |
6,238,643.43 |
3,929,440.95 |
|
Total Revenues |
61,724,809.97 |
48,184,466.84 |
57,324,976.61 |
|
Expenses |
|
|
|
|
|
|
|
|
|
Cost of Goods
Sold |
44,716,372.43 |
32,729,109.10 |
43,807,727.53 |
|
Selling Expenses |
220,368.36 |
265,633.91 |
1,564,604.73 |
|
Administrative Expenses |
14,215,419.01 |
12,615,293.70 |
10,405,425.89 |
|
Total Expenses |
59,152,159.80 |
45,610,036.71 |
55,777,758.15 |
|
|
|
|
|
|
Profit before Financial Cost & Income Tax |
2,572,650.17 |
2,574,430.13 |
1,547,218.46 |
|
Financial Cost |
[52,103.93] |
[21,691.18] |
[35,640.87] |
|
Profit before Income Tax |
2,520,546.24 |
2,552,738.95 |
1,511,577.59 |
|
Income Tax |
[529,593.69] |
[575,221.99] |
[267,047.44] |
|
|
|
|
|
|
Net Profit / [Loss] |
1,990,952.55 |
1,977,516.96 |
1,244,530.15 |
FINANCIAL ANALYSIS
|
ITEM |
UNIT |
2013 |
2012 |
2011 |
|
|
|
|
|
|
|
LIQUIDITY RATIO |
|
|
|
|
|
CURRENT RATIO |
TIMES |
3.65 |
7.92 |
10.65 |
|
QUICK RATIO |
TIMES |
2.91 |
7.08 |
10.01 |
|
|
|
|
|
|
|
ACTIVITY RATIO |
|
|
|
|
|
FIXED ASSETS TURNOVER |
TIMES |
1.24 |
0.86 |
1.00 |
|
TOTAL ASSETS TURNOVER |
TIMES |
0.40 |
0.25 |
0.33 |
|
INVENTORY CONVERSION PERIOD |
DAYS |
81.91 |
91.24 |
40.82 |
|
INVENTORY TURNOVER |
TIMES |
4.46 |
4.00 |
8.94 |
|
RECEIVABLES CONVERSION PERIOD |
DAYS |
9.36 |
26.01 |
52.93 |
|
RECEIVABLES TURNOVER |
TIMES |
39.01 |
14.03 |
6.90 |
|
PAYABLES CONVERSION PERIOD |
DAYS |
84.20 |
104.09 |
63.34 |
|
CASH CONVERSION CYCLE |
DAYS |
7.06 |
13.16 |
30.41 |
|
|
|
|
|
|
|
PROFITABILITY
RATIO |
|
|
|
|
|
COST OF GOODS SOLD |
% |
82.13 |
78.03 |
82.04 |
|
SELLING & ADMINISTRATION |
% |
26.51 |
30.71 |
22.42 |
|
INTEREST |
% |
0.10 |
0.05 |
0.07 |
|
GROSS PROFIT MARGIN |
% |
31.24 |
36.85 |
25.32 |
|
NET PROFIT MARGIN BEFORE EX. ITEM |
% |
4.73 |
6.14 |
2.90 |
|
NET PROFIT MARGIN |
% |
3.66 |
4.71 |
2.33 |
|
RETURN ON EQUITY |
% |
1.63 |
1.27 |
0.82 |
|
RETURN ON ASSET |
% |
1.45 |
1.19 |
0.78 |
|
EARNING PER SHARE |
BAHT |
39.82 |
39.55 |
24.89 |
|
|
|
|
|
|
|
LEVERAGE RATIO |
|
|
|
|
|
DEBT RATIO |
TIMES |
0.11 |
0.06 |
0.05 |
|
DEBT TO EQUITY RATIO |
TIMES |
0.13 |
0.07 |
0.05 |
|
TIME INTEREST EARNED |
TIMES |
49.38 |
118.69 |
43.41 |
|
|
|
|
|
|
|
ANNUAL GROWTH |
|
|
|
|
|
SALES GROWTH |
% |
29.80 |
(21.44) |
|
|
OPERATING PROFIT |
% |
(0.07) |
66.39 |
|
|
NET PROFIT |
% |
0.68 |
58.90 |
|
|
FIXED ASSETS |
% |
(9.33) |
(8.61) |
|
|
TOTAL ASSETS |
% |
(16.80) |
3.19 |
|
ANNUAL GROWTH :
ACCEPTABLE
An annual sales growth is 29.8%. Turnover has increased from THB 41,945,823.41
in 2012 to THB 54,444,654.12 in 2013. While net profit has increased from THB
1,977,516.96 in 2012 to THB 1,990,952.55 in 2013. And total assets has
decreased from THB 165,495,472.10 in 2012 to THB 137,698,894.05 in 2013.
PROFITABILITY :
SATISFACTORY
PROFITABILITY
RATIO
|
Gross Profit Margin |
31.24 |
Impressive |
Industrial Average |
6.78 |
|
Net Profit Margin |
3.66 |
Impressive |
Industrial Average |
2.11 |
|
Return on Assets |
1.45 |
Deteriorated |
Industrial Average |
5.65 |
|
Return on Equity |
1.63 |
Deteriorated |
Industrial Average |
17.26 |
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 31.24%. 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 3.66%, 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. When compared with the
industry average, it was lower, the company's figure is 1.45%.
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 1.63%.
Trend of the
average competitors in the same industry for last 5 years
Return on Assets Downtrend
Return on Equity Downtrend
LIQUIDITY :
EXCELLENT
LIQUIDITY RATIO
|
Current Ratio |
3.65 |
Impressive |
Industrial Average |
1.24 |
|
Quick Ratio |
2.91 |
|
|
|
|
Cash Conversion Cycle |
7.06 |
|
|
|
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 3.65 times in 2013, decreased from 7.92 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 2.91 times in 2013,
decreased from 7.08 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 8 days.
Trend of the
average competitors in the same industry for last 5 years
Current Ratio Downtrend
LEVERAGE :
EXCELLENT
LEVERAGE RATIO
|
Debt Ratio |
0.11 |
Impressive |
Industrial Average |
0.77 |
|
Debt to Equity Ratio |
0.13 |
Impressive |
Industrial Average |
3.53 |
|
Times Interest Earned |
49.38 |
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 49.38 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 0.11 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 |
1.24 |
Impressive |
Industrial Average |
- |
|
Total Assets Turnover |
0.40 |
Deteriorated |
Industrial Average |
2.67 |
|
Inventory Conversion Period |
81.91 |
|
|
|
|
Inventory Turnover |
4.46 |
Acceptable |
Industrial Average |
7.72 |
|
Receivables Conversion Period |
9.36 |
|
|
|
|
Receivables Turnover |
39.01 |
Impressive |
Industrial Average |
4.09 |
|
Payables Conversion Period |
84.20 |
|
|
|
The company's Account Receivable Ratio is calculated as 39.01 and 14.03 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 91 days at the
end of 2012 to 82 days at the end of 2013. This represents a positive trend.
And Inventory turnover has increased from 4 times in year 2012 to 4.46 times in
year 2013.
The company's Total Asset Turnover is calculated as 0.4 times and 0.25
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 Uptrend
Inventory Turnover Uptrend
Receivables Turnover Uptrend
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.63.85 |
|
|
1 |
Rs.98.47 |
|
Euro |
1 |
Rs.71.51 |
INFORMATION DETAILS
|
Analysis Done by
: |
KAR |
|
|
|
|
Report Prepared
by : |
VNT |
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.