MIRA INFORM REPORT
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Report No. : |
323764 |
|
Report Date : |
25.05.2015 |
IDENTIFICATION DETAILS
|
Name : |
KAO INDUSTRIAL [THAILAND] CO., LTD. |
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|
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Registered Office : |
700/313 Moo 6, Amata Nakorn Industrial Estate, Donhuaroh, Muang, Chonburi 20000 |
|
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Country : |
Thailand |
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|
Financials (as on) : |
31.12.2013 |
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Date of Incorporation : |
24.09.1964 |
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Com. Reg. No.: |
0105507002214 |
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|
Legal Form : |
Private Limited Company |
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Line of Business : |
Manufacturer of Consumer Products |
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No of Employees : |
500 |
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 Risk |
A2 |
|
Moderate Low Risk |
B1 |
|
Moderate Risk |
B2 |
|
Moderate High Risk |
C1 |
|
High Risk |
C2 |
|
Very High Risk |
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
KAO
INDUSTRIAL [THAILAND] CO.,
LTD.
SUMMARY
BUSINESS
ADDRESS : 700/313 MOO 6,
AMATA NAKORN INDUSTRIAL ESTATE,
DONHUAROH,
MUANG, CHONBURI 20000,
THAILAND
TELEPHONE : [66] 38
468-511
FAX :
[66] 38
468-512
E-MAIL
ADDRESS : vichit_@kao.th.com
REGISTRATION
ADDRESS : SAME
AS BUSINESS ADDRESS
ESTABLISHED
: 1964
REGISTRATION
NO. : 0105507002214 [Former : 295/2507]
TAX
ID NO. : 3271000267
CAPITAL REGISTERED : BHT. 2,000,000,000
CAPITAL PAID-UP : BHT.
2,000,000,000
SHAREHOLDER’S PROPORTION : JAPANESE :
100%
FISCAL YEAR CLOSING DATE : DECEMBER 31
LEGAL
STATUS : PRIVATE LIMITED
COMPANY
EXECUTIVE : MR.
HIROYUKI KUMAZAWA, JAPANESE
PRESIDENT
NO.
OF STAFF : 500
LINES
OF BUSINESS : CONSUMER PRODUCTS
MANUFACTURER
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
established on September
24, 1964 as
a private limited
company under the registered
name KAO INDUSTRIAL [THAILAND]
CO., LTD., by
Japanese groups, with
the business objective
to manufacture consumer
products to domestic market.
It currently employs
approximately 500 staff.
Subject is a
subsidiary of Kao Corporation in
Japan.
The subject’s registered
address was initially
at 38 Moo 8, Poochaosamingprai Rd.,
Phrapradaeng, Samutprakarn 10130.
On January 6,
2006, the subject’s
registered address was
relocated to 700/313
Moo 6, Amata Nakorn Industrial Estate, Donhuaroh,
Muang, Chonburi 20000, and this is the subject’s current operation address.
BOARD OF
DIRECTORS
|
Name |
|
Nationality |
Age |
|
|
|
|
|
|
Mr. Kozo Saito |
|
Japanese |
60 |
|
Mr. Hiroyuki Kumazawa |
[x] |
Japanese |
59 |
|
Mr. Hiroshi Sonohara |
[x] |
Japanese |
55 |
|
Mr. Suthipong Limsila |
[x] |
Thai |
- |
AUTHORIZED PERSON
Anyone of the
mentioned directors [x]
can sign on behalf
of the subject with
company’s affixed.
MANAGEMENT
Mr. Hiroyuki Kumazawa is
the President.
He is Japanese
nationality with the
age of 59 years
old.
Mr. Hideyoshi Tanaka is
the Vice President & Factory Manager.
He is Japanese
nationality with the
age of 53
years old.
Mr. Vichit Hensawang is
the Administration and
Personnel Manager.
He is Thai
nationality.
BUSINESS OPERATIONS
The subject’s activity
is a manufacturer of consumer products
under eight main
product groups as
the followings:
Products Brand
1. Hair Products
1.1 Hair color “LIESE”
1.2 Hair styling “LIESE”
1.3 Hair care “LIESE”
1.4 Shampoo “ESSENTIAL DAMAGE
CARE”
1.5 Conditioner “ESSENTIAL DAMAGE
CARE”
1.6 Intensive mask “ESSENTIAL DAMAGE
CARE”
1.7 Shampoo/conditioner “FEATHER
NATURE PLUS”, “ASIENCE”
1.8 Hair treatment “FEATHER NATURE
PLUS”, “ASIENCE”
1.9 Intensive treatment
mask “FEATHER NATURE
PLUS”
1.10 Hair mask “ASIENCE”
2. “BIORE”
2.1 Facial foam
2.2 Special care
2.3 Powder sheet
2.4 Pore pack
2.5 Shower cream
2.6 Make up
remover
2.7 Foaming hand
soap
3. “MEN’S BIORE”
3.1 Facial foam
3.2 Pore pack
4. “HAITER”
4.1 Bleach
4.2 Bleach with
fragrance
4.3 Color powder/liquid
4.4 Haiter oxy
5. “MAGICLEAN”
5.1 Floor cleaning
5.2 Bath cleaning
5.3 Kitchen cleaning
6. “ATTACK”
6.1 Detergent
7. “LAURIER”
7.1 Sanitary napkins
8. “MERRIES”
8.1 Pants diaper
IMPORT [COUNTRIES]
60% of its
raw material, chemical
and machineries are
imported from Japan,
Republic of China,
Australia, Germany, Singapore,
Malaysia and Taiwan.
MAJOR SUPPLIERS
Kao Corporation : Japan
BASF [Thai] Co.,
Ltd. : Thailand
SALES [LOCAL]
100% of the
products is sole
distributed by Kao
Commercial [Thailand] Co.,
Ltd.
RELATED &
AFFILIATED COMPANIES
Kao Commercial [ Thailand ]
Co., Ltd.
Business Type: Sole distributor
of consumer products
Kao Consumer Products
[Southeast Asia] Co.,
Ltd.
Kao Holding [Thailand]
Co., Ltd.
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 days.
Local bills are
paid by cash
or on the
credits term of
30-60 days.
Imports are by
L/C on the
credit term of
30 days and
T/T.
BANKING
Kasikornbank Public Co., Ltd.
[ Nana Nua
Branch : Sukhumvit
Rd., Klongtoeynua, Wattana,
Bangkok ]
Bank of Tokyo - Mitsubishi UFJ
Ltd.
[ Bangkok Branch
: 54 North
Sathorn Rd., Silom,
Bangrak, Bangkok ]
Sumitomo-Mitsui Banking Corporation
[ Bangkok Branch
: 138 Silom
Rd., Suriyawongse, Bangrak,
Bangkok ]
EMPLOYMENT
The subject employs
approximately 500 staff. [office
staff and factory
workers]
LOCATION DETAILS
The premise is
owned for operating head
office and factory
at the heading
address. It is
located in industrial
area.
Bangkok Office:
15th Floor, Wave
Place Bldg., 55
Wireless Rd., Lumpini,
Pathumwan, Bangkok 10330.
Tel.: [66] 2655-4455,
2655-4433, 2655-4466 Fax: [66]
2655-4545, 2655-4333-5
COMMENT
Kao Thailand highly plays
attention to serve
all consumers with
various household and
personal care products. It
has long been
in local market
and continuing developed its products through innovative
research and development activities
and creative new
products to meet
with strong consumption
demand. As the pioneer
producer of consumer products
in Thailand, its
products range are covered all
area of consumers
needs.
The subject’s business
is solid.
FINANCIAL INFORMATION
The capital was
registered at Bht. 6,000,000
divided into 6,000
shares of Bht.
1,000 each.
The capital was
increased later as
following :
Bht. 36,000,000 on
April 25, 1986
Bht. 54,000,000
on March 12,
1987
Bht. 204,000,000
on May 10,
1989
Bht. 454,000,000
on September 5,
1991
Bht. 654,000,000
on April 25,
1996
Bht. 2,000,000,000 on
April 23, 2004
The latest registered
capital was increased
to Bht. 2,000 million,
divided into 2
million, shares of
Bht. 1,000 each
with fully paid.
THE
SHAREHOLDERS LISTED WERE
: [as of
September 21, 2011]
|
NAME |
HOLDING |
% |
|
|
|
|
|
Kao Corporation Nationality: Japanese Address : 14-10
Nihonbashi Kayabacho 1-Chome
Chuo-ku, Tokyo, Japan |
1,999,200 |
99.96 |
|
Mr. Kozo Saito
Nationality: Japanese Address : 700/313
Moo 6, Donhuaroh, Muang,
Chonburi |
400 |
0.02 |
|
Mr. Tatsuya Fukuda Nationality: Japanese Address : 14-10
Nihonbashi Kayabacho 1-Chome
Chuo-ku, Tokyo, Japan |
400 |
0.02 |
Total
Shareholders : 3
Share
Structure [as at September 21,
2011]
|
Nationality |
Shareholders |
No. of
Share |
% Shares |
|
|
|
|
|
|
Thai |
- |
- |
- |
|
Foreign - Japanese |
3 |
2,000,000 |
100.00 |
|
Total |
3 |
2,000,000 |
100.00 |
NAME OF AUDITOR
& CERTIFIED PUBLIC
ACCOUNTANT NO. :
Mr. Termpong Opanaphan No. 4501
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 |
1,133,880,763 |
1,028,407,000 |
548,098,468 |
|
Trade Accounts & Other Receivable |
2,271,889,019 |
2,165,797,599 |
2,100,353,102 |
|
Inventories |
828,835,010 |
844,843,295 |
1,008,663,705 |
|
Refundable Value Added Tax |
542,679,226 |
491,207,312 |
418,515,662 |
|
Other Current Assets
|
20,262,448 |
22,821,629 |
40,244,127 |
|
|
|
|
|
|
Total Current Assets
|
4,797,546,466 |
4,553,076,835 |
4,115,875,064 |
|
|
|
|
|
|
Fixed Assets |
2,715,995,896 |
2,789,549,512 |
2,767,834,276 |
|
Advance Payment for Purchase of
Assets |
67,974,720 |
- |
- |
|
Intangible Assets |
5,329,589 |
7,396,412 |
7,226,942 |
|
Other Non-current Assets |
9,736,031 |
10,673,880 |
11,409,561 |
|
Total Assets |
7,596,582,702 |
7,360,696,639 |
6,902,345,843 |
LIABILITIES &
SHAREHOLDERS' EQUITY [BAHT]
|
Current Liabilities |
2013 |
2012 |
2011 |
|
|
|
|
|
|
Trade Accounts & Other Payable |
1,403,410,901 |
1,372,047,471 |
1,300,885,085 |
|
Accrued Income Tax |
132,028,454 |
130,391,334 |
129,861,270 |
|
Other Current Liabilities |
20,614,902 |
17,924,209 |
25,376,265 |
|
|
|
|
|
|
Total Current Liabilities |
1,556,054,257 |
1,520,363,014 |
1,456,122,620 |
|
|
|
|
|
|
Provision for Employee Benefits |
64,667,947 |
56,775,540 |
52,591,529 |
|
Total Liabilities |
1,620,722,204 |
1,577,138,554 |
1,508,714,149 |
|
|
|
|
|
|
Shareholders' Equity |
|
|
|
|
|
|
|
|
|
Share capital : Baht 1,000
par value authorized, issued
and fully paid share
capital 2,000,000 shares |
2,000,000,000 |
2,000,000,000 |
2,000,000,000 |
|
|
|
|
|
|
Capital Paid |
2,000,000,000 |
2,000,000,000 |
2,000,000,000 |
|
Retained Earning Appropriated for statutory
reserve |
148,000,000 |
128,000,000 |
90,000,000 |
|
Unappropriated |
3,827,860,498 |
3,655,558,085 |
3,303,631,694 |
|
Total Shareholders' Equity |
5,975,860,498 |
5,783,558,085 |
5,393,631,694 |
|
Total Liabilities &
Shareholders' Equity |
7,596,582,702 |
7,360,696,639 |
6,902,345,843 |
PROFIT &
LOSS ACCOUNT
|
Revenue |
2013 |
2012 |
2011 |
|
|
|
|
|
|
Sales Income |
9,653,882,384 |
9,291,861,025 |
8,611,986,087 |
|
Interest Income |
14,301,382 |
8,693,527 |
4,056,915 |
|
Gain on Exchange Rate |
26,224,858 |
9,960,869 |
570,124 |
|
Other Income |
30,502,173 |
27,728,380 |
28,944,578 |
|
Total Revenues |
9,724,910,797 |
9,338,243,801 |
8,645,557,704 |
|
Expenses |
|
|
|
|
|
|
|
|
|
Cost of Goods
Sold |
8,357,320,780 |
8,107,163,137 |
7,615,132,406 |
|
Selling Expenses |
250,752,630 |
234,818,935 |
219,772,174 |
|
Administrative Expenses |
176,485,756 |
207,087,078 |
226,443,133 |
|
Total Expenses |
8,784,559,166 |
8,549,069,150 |
8,061,347,713 |
|
Profit before Income Tax |
940,351,631 |
789,174,651 |
584,209,991 |
|
Income Tax |
[238,049,218] |
[212,948,260] |
[162,881,723] |
|
Net Profit / [Loss] |
702,302,413 |
576,226,391 |
421,328,268 |
FINANCIAL ANALYSIS
|
ITEM |
UNIT |
2013 |
2012 |
2011 |
|
|
|
|
|
|
|
LIQUIDITY RATIO |
|
|
|
|
|
CURRENT RATIO |
TIMES |
3.08 |
2.99 |
2.83 |
|
QUICK RATIO |
TIMES |
2.19 |
2.10 |
1.82 |
|
|
|
|
|
|
|
ACTIVITY RATIO |
|
|
|
|
|
FIXED ASSETS TURNOVER |
TIMES |
3.55 |
3.33 |
3.11 |
|
TOTAL ASSETS TURNOVER |
TIMES |
1.27 |
1.26 |
1.25 |
|
INVENTORY CONVERSION PERIOD |
DAYS |
36.20 |
38.04 |
48.35 |
|
INVENTORY TURNOVER |
TIMES |
10.08 |
9.60 |
7.55 |
|
RECEIVABLES CONVERSION PERIOD |
DAYS |
85.90 |
85.08 |
89.02 |
|
RECEIVABLES TURNOVER |
TIMES |
4.25 |
4.29 |
4.10 |
|
PAYABLES CONVERSION PERIOD |
DAYS |
61.29 |
61.77 |
62.35 |
|
CASH CONVERSION CYCLE |
DAYS |
60.80 |
61.34 |
75.01 |
|
|
|
|
|
|
|
PROFITABILITY
RATIO |
|
|
|
|
|
COST OF GOODS SOLD |
% |
86.57 |
87.25 |
88.42 |
|
SELLING & ADMINISTRATION |
% |
4.43 |
4.76 |
5.18 |
|
INTEREST |
% |
- |
- |
- |
|
GROSS PROFIT MARGIN |
% |
14.17 |
13.25 |
11.97 |
|
NET PROFIT MARGIN BEFORE EX. ITEM |
% |
9.74 |
8.49 |
6.78 |
|
NET PROFIT MARGIN |
% |
7.27 |
6.20 |
4.89 |
|
RETURN ON EQUITY |
% |
11.75 |
9.96 |
7.81 |
|
RETURN ON ASSET |
% |
9.24 |
7.83 |
6.10 |
|
EARNING PER SHARE |
BAHT |
351.15 |
288.11 |
210.66 |
|
|
|
|
|
|
|
LEVERAGE RATIO |
|
|
|
|
|
DEBT RATIO |
TIMES |
0.21 |
0.21 |
0.22 |
|
DEBT TO EQUITY RATIO |
TIMES |
0.27 |
0.27 |
0.28 |
|
TIME INTEREST EARNED |
TIMES |
- |
- |
- |
|
|
|
|
|
|
|
ANNUAL GROWTH |
|
|
|
|
|
SALES GROWTH |
% |
3.90 |
7.89 |
|
|
OPERATING PROFIT |
% |
19.16 |
35.08 |
|
|
NET PROFIT |
% |
21.88 |
36.76 |
|
|
FIXED ASSETS |
% |
(2.64) |
0.78 |
|
|
TOTAL ASSETS |
% |
3.20 |
6.64 |
|
ANNUAL
GROWTH : IMPRESSIVE
An annual sales growth is 3.9%. Turnover has increased from THB 9,291,861,025.00
in 2012 to THB 9,653,882,384.00 in 2013. While net profit has increased from
THB 576,226,391.00 in 2012 to THB 702,302,413.00 in 2013. And total assets has
increased from THB 7,360,696,639.00 in 2012 to THB 7,596,582,702.00 in 2013.
PROFITABILITY
: SATISFACTORY
PROFITABILITY
RATIO
|
Gross Profit Margin |
14.17 |
Deteriorated |
Industrial Average |
215.89 |
|
Net Profit Margin |
7.27 |
Impressive |
Industrial Average |
5.06 |
|
Return on Assets |
9.24 |
Satisfactory |
Industrial Average |
11.28 |
|
Return on Equity |
11.75 |
Acceptable |
Industrial Average |
20.61 |
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 14.17%. When compared with
the industry average, the ratio of the company was lower. This indicated that
company may have problems with control over its costs.
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 7.27%,
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 9.24%.
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 11.75%.
Trend of the
average competitors in the same industry for last 5 years
Return on Assets Uptrend
Return on Equity Uptrend
LIQUIDITY
: IMPRESSIVE
LIQUIDITY
RATIO
|
Current Ratio |
3.08 |
Impressive |
Industrial Average |
0.98 |
|
Quick Ratio |
2.19 |
|
|
|
|
Cash Conversion Cycle |
60.80 |
|
|
|
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 3.08 times in 2013, increased from 2.99 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 2.19 times in 2013,
increased from 2.1 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 61 days.
Trend of the
average competitors in the same industry for last 5 years
Current Ratio Downtrend
LEVERAGE
: EXCELLENT
LEVERAGE
RATIO
|
Debt Ratio |
0.21 |
Impressive |
Industrial Average |
0.44 |
|
Debt to Equity Ratio |
0.27 |
Impressive |
Industrial Average |
0.78 |
|
Times Interest Earned |
- |
|
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.
Debt Ratio shows the proportion of a company's assets which are financed
through debt. The company's figure is 0.21 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 Downtrend
Times Interest Earned Stable
ACTIVITY
: ACCEPTABLE
ACTIVITY
RATIO
|
Fixed Assets Turnover |
3.55 |
Impressive |
Industrial Average |
- |
|
Total Assets Turnover |
1.27 |
Acceptable |
Industrial Average |
2.23 |
|
Inventory Conversion Period |
36.20 |
|
|
|
|
Inventory Turnover |
10.08 |
Deteriorated |
Industrial Average |
20.45 |
|
Receivables Conversion Period |
85.90 |
|
|
|
|
Receivables Turnover |
4.25 |
Acceptable |
Industrial Average |
7.68 |
|
Payables Conversion Period |
61.29 |
|
|
|
The company's Account Receivable Ratio is calculated as 4.25 and 4.29 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
decreased from 2012. This would suggest the company had deteriorated 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 38 days at the
end of 2012 to 36 days at the end of 2013. This represents a positive trend.
And Inventory turnover has increased from 9.6 times in year 2012 to 10.08 times
in year 2013.
The company's Total Asset Turnover is calculated as 1.27 times and 1.26
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 Uptrend
Receivables Turnover Uptrend
|
Key Areas |
Score |
Weight |
Weighted
Score |
|
LIQUIDITY RATIO |
3.11 |
25.00 |
77.75 |
|
ACTIVITY RATIO |
1.67 |
20.00 |
33.40 |
|
PROFITABILITY
RATIO |
2.00 |
25.00 |
50.00 |
|
LEVERAGE RATIO |
4.00 |
10.00 |
40.00 |
|
ANNUAL GROWTH |
3.20 |
20.00 |
64.00 |
|
Total Weight
(excluding - - Score) |
|
100.00 |
|
|
|
|
|
265.15 |
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs. 63.57 |
|
|
1 |
Rs. 99.66 |
|
Euro |
1 |
Rs. 70.92 |
INFORMATION DETAILS
|
Analysis Done by
: |
DIV |
|
|
|
|
Report Prepared
by : |
DPT |
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.