MIRA INFORM REPORT
|
Report No. : |
347245 |
|
Report Date : |
29.10.2015 |
IDENTIFICATION DETAILS
|
Name : |
INTEQC FEED CO., LTD. |
|
|
|
|
Registered Office : |
77/12 Moo 2, Rama 2 Road, T. Nakhok, A. Muang, Samutsakorn 74000 |
|
|
|
|
Country : |
Thailand |
|
|
|
|
Financials (as on) : |
31.12.2014 |
|
|
|
|
Date of Incorporation : |
29.06.1999 |
|
|
|
|
Com. Reg. No.: |
0105542045331 |
|
|
|
|
Legal Form : |
Private Limited Company |
|
|
|
|
Line of Business : |
Subject is engaged
in manufacturing and
distributing of aqua
animal feed products specialized in
shrimp, squid and
fish, as well
as swine. |
|
|
|
|
No. of Employee : |
250 |
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 : |
Slow but correct |
|
|
|
|
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) |
|
Thailand |
B1 |
A2 |
|
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, and generally pro-investment policies Thailand has historically had a strong economy due in part to competitive industrial and agriculture exports - mostly electronics, agricultural commodities, automobiles and parts, and processed foods. The economy experienced slow growth and declining exports in 2014, in part due to domestic political turmoil and sluggish global demand. With full employment, Thailand attracts an estimated 2-4 million migrant workers from neighboring countries, and faces labor shortages. Following the May 2014 coup d'etat, tourism decreased 6-7% but is beginning to recover. The household debt to GDP ratio is over 80%. 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 baht has remained stable.
|
Source
: CIA |
Company
name
INTEQC FEED CO., LTD.
SUMMARY
BUSINESS
ADDRESS : 77/12
MOO 2, RAMA 2
ROAD,
T. NAKHOK,
A. MUANG,
SAMUTSAKORN
74000, THAILAND
TELEPHONE : [66] 34
886-148, 34 851-211,
084 346-3867
FAX :
[66] 34
851-197, 34 851-132
E-MAIL
ADDRESS : inteqcfeed@inteqc.com
REGISTRATION
ADDRESS : SAME
AS BUSINESS ADDRESS
ESTABLISHED
: 1999
REGISTRATION
NO. : 0105542045331
[Former
: 701/2542]
TAX
ID NO. : 3021023485
CAPITAL REGISTERED : BHT. 390,000,000
CAPITAL PAID-UP : BHT.
390,000,000
SHAREHOLDER’S PROPORTION : THAI :
100%
FISCAL YEAR CLOSING DATE : DECEMBER 31
LEGAL
STATUS : PRIVATE LIMITED
COMPANY
EXECUTIVE : MR.
WIBOON LABJATUPON, THAI
PRESIDENT AND
MANAGING DIRECTOR
NO.
OF STAFF : 250
LINES
OF BUSINESS : AQUA
ANIMAL FEED PRODUCTS
MANUFACTURER, DISTRIBUTOR
& EXPORTER
CORPORATE
PROFILE
OPERATING
TREND : STABLE
PRESENT
SITUATION : OPERATING NORMALLY
REPUTATION : GOOD
WITH NORMAL BUSINESS
ENGAGEMENT
MANAGEMENT
STANDARD : MANAGEMENT WITH
FAIR PERFORMANCE
HISTORY
The subject was
established on June
29, 1999 as
a private limited
company under the
name style INTEQC FEED CO., LTD.
by Thai
groups, to manufacture
and distribute aqua animal feed products
to both local
and overseas markets.
It was granted
a promotion privilege from Board of Investment [BOI] on
March 27, 2001. The subject currently
employs approximately 250
staff.
It achieved the
quality standard GMP,
HACCP and ISO 9001 : 2000 certification. It
is also a
member of Livestock
Group, the Thailand’s
leading company in
the animal feeds
and related products
industries.
The subject’s registered address
is 77/12 Moo 2, Rama 2
Rd., T. Nakhok, A.
Muang, Samutsakorn 74000,
and this is
the subject’s current
operation address.
THE BOARD
OF DIRECTORS
|
Name |
|
Nationality |
Age |
|
|
|
|
|
|
Mr. Wiboon Labjatupon |
[x] |
Thai |
58 |
|
Mr. Wichai Labjatupon |
[x] |
Thai |
52 |
|
Mr. Vichien Nonthapathorn |
[x] |
Thai |
43 |
|
Mr. Thiwa Linthong |
|
Thai |
50 |
AUTHORIZED
PERSON
Two of the mentioned directors [x] can jointly sign on behalf of
the subject with company’s
affixed.
MANAGEMENT
Mr. Wiboon Labjatupon
is the President
and Managing Director.
He is Thai
nationality with the
age of 58 years
old.
Mr. Wichai Labjatupon is
the Deputy Managing
Director.
He is Thai
nationality with the
age of 52 years
old.
Mr. Saengchai Saengboonrueng is
the Plant Manager.
He is Thai
nationality.
Mr. Prachuab Kraikhaw is
the Personnel Manager.
He is Thai
nationality.
Mr. Theerapong Aunjai is
the Finance Manager.
He is Thai
nationality.
Mr. Somphob Auesongtham is
the Supply Chain
Manager.
He is Thai
nationality.
Mr. Sansern Jindasorn is
the Sales Manager.
He is Thai
nationality.
BUSINESS
OPERATIONS
The subject
is engaged in manufacturing and distributing
of aqua animal
feed products specialized in
shrimp, squid and
fish, as well
as swine.
MAJOR BRANDS
“WEVE”,
“INTEQC”, “DIAMONDS”, “NEO
FEED”, “I-FISH”, “PERFEQC”,
“VANEMAX”, “FISH FIRST”
and “STARTEQC”
PRODUCTION CAPACITY
350,000
tons per annum
PURCHASE
90% of raw materials
such as fish
meal, feed additives
and chemicals are
purchased from local suppliers
and agents, the
remaining 10% is imported
from Republic of China, U.S.A.,
Spain, India, Hong Kong,
El Salvador and
Taiwan.
MAJOR SUPPLIERS
Livestock Agricultural Business
International Co., Ltd. :
Thailand
Pesquera Del Sur
S.a. De CV. : El
Salvador
Bayer Thai Co.,
Ltd. : Thailand
SALES
90% of the
products are sold
locally by wholesale
to dealers and
end-users, the remaining
10% is exported
to Vietnam, Indonesia,
Myanmar, India and
Malaysia.
MAJOR
CUSTOMER
Nondang Farm Co.,
Ltd. : Thailand
LITIGATION
Bankruptcy and
Receivership
There are no
litigation on bankruptcy and
receivership cases filed
against the subject
found at Legal
Execution Department for
the past five
years.
Others
There are no
legal suits filed
against the subject
according to the
past two years.
SUBSIDIARY AND
AFFILIATED COMPANIES
Inteqc Group of companies consists
of:
Livestock Agricultural Business
International Co., Ltd.
Business Type: Importer
& distributor of animal
health products
Prima Tech Co.,
Ltd.
Business Type: Importer
of shrimp culture
equipment
Lab Inter Co., Ltd.
Business Type: Importer
of animal health
& feed products
Inteqc Chemical and
Ingredient Co., Ltd.
Business Type: Importer
of feed chemical
products
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.
Import are by
T/T.
Exports are against
T/T.
BANKING
Kasikornbank Public Co.,
Ltd.
[Suapa Branch : Suapa Rd., Pubplachai,
Pomprab, Bangkok 10100]
The Siam Commercial
Bank Public Co.,
Ltd.
[Mahachai Branch :
Mahachai Rd., Muang,
Samutsakorn]
Bangkok Bank Public
Co., Ltd.
[Mahachai Branch :
Mahachai Rd., Muang,
Samutsakorn]
EMPLOYMENT
The subject employs
approximately 250 staff [office, sales
staff and factory workers].
LOCATION DETAILS
The premise is owned
for administrative office,
factory and warehouse
at the heading
address. Premise is
located in provincial.
Branch:
77/15 Moo 2, Rama 2 Rd.,
T. Nakhok, A. Muang,
Samutsakorn 74000.
COMMENT
Aqua feed industry
has grown rapidly
in the past few years due to increasing demand from shrimp and fish farms
including swine. However, rising concerns
about the economic outlook and the impact
on slow domestic consumption would
affect the subject’s business.
FINANCIAL
INFORMATION
The capital was
initially registered at
Bht. 25,000,000 divided into 250,000
shares of Bht.
100 each.
The capital was
increased later as
follows:
Bht. 100,000,000
on August 1,
2000
Bht. 150,000,000
on March 8, 2002
Bht. 180,000,000
on January 15,
2004
Bht. 270,000,000
on June 11,
2006
Bht. 390,000,000
on July 1,
2010
The latest registered
capital was increased
to Bht. 390,000,000 divided into 3,900,000 shares
of Bht. 100
each with fully
paid.
THE
SHAREHOLDERS LISTED WERE
[as at April 24,
2015]
|
NAME |
HOLDING |
% |
|
|
|
|
|
Mr. Wiboon Labjatupon Nationality: Thai Address : 250/256 Moo 17, Salathamsop, Taweewattana, Bangkok |
1,641,300 |
42.08 |
|
Mr. Wichai Labjatupon Nationality: Thai Address : 39/2 Moo 6, Boromratchonnanee Rd., Talingchan, Bangkok |
1,583,100 |
40.59 |
|
Mrs. Orathai Labjatupon Nationality: Thai Address : 250/517 Moo 17, Salathammasop, Taweewattana, Bangkok |
138,700 |
3.57 |
|
Mr. Kanes Labjatupon Nationality: Thai Address : 250/256 Moo 17, Salathammasop, Taweewattana, Bangkok |
133,900 |
3.43 |
|
Mr. Kanin Labjatupon Nationality: Thai Address : 250/256 Moo 17, Salathammasop, Taweewattana, Bangkok |
130,000 |
3.33 |
|
Mr. Kanisorn Labjatupon Nationality: Thai Address : 250/256 Moo 17, Salathammasop, Taweewattana, Bangkok |
130,000 |
3.33 |
|
Mr. Thiwa Linthong Nationality: Thai Address : 7/4 Moo 1, Paknam Laemsingh, Laemsingh, Chantaburi |
104,000 |
2.67 |
|
Mrs. Siriporn Labjatupon Nationality: Thai Address : 250/256 Moo 17, Salathammasop, Taweewattana, Bangkok |
39,000 |
1.00 |
Total Shareholders : 8
Share Structure [as
at April 24,
2015]
|
Nationality |
Shareholders |
No. of Share |
% Shares |
|
|
|
|
|
|
Thai |
8 |
3,900,000 |
100.00 |
|
Foreign |
- |
- |
- |
|
Total |
8 |
3,900,000 |
100.00 |
NAME OF
AUDITOR & CERTIFIED
PUBLIC ACCOUNTANT NO.
Mrs. Gingkarn Asawarangsarit No. 4495
BALANCE
SHEET [BAHT]
The
latest financial figures
published for December
31, 2014, 2013 & 2012 were:
ASSETS
|
Current Assets |
2014 |
2013 |
2012 |
|
|
|
|
|
|
Cash and Cash Equivalents
|
55,382,887 |
64,387,081 |
57,164,755 |
|
Short-term Investment |
140,202,773 |
127,537,842 |
20,031,195 |
|
Trade Accounts Receivable
|
393,470,778 |
289,373,244 |
401,349,621 |
|
Inventories |
819,840,877 |
649,566,512 |
796,331,028 |
|
Other Current Assets
|
7,583,873 |
7,121,617 |
4,909,437 |
|
|
|
|
|
|
Total Current Assets
|
1,416,481,188 |
1,137,986,296 |
1,279,786,036 |
|
Cash at Bank pledged as
a Collateral |
40,000,000 |
48,000,000 |
89,500,000 |
|
Fixed Assets |
848,471,554 |
773,897,058 |
681,846,052 |
|
Total Assets |
2,304,952,742 |
1,959,883,354 |
2,051,132,088 |
LIABILITIES &
SHAREHOLDERS' EQUITY [BAHT]
|
Current
Liabilities |
2014 |
2013 |
2012 |
|
|
|
|
|
|
Short-term Loan from Financial Institution |
419,273,321 |
135,032,432 |
472,128,162 |
|
Trade Accounts & Other
Payable |
433,562,593 |
309,807,793 |
484,382,093 |
|
Current Portion of Long-term
Loans |
89,400,000 |
70,800,000 |
15,000,000 |
|
Current Portion of Financial
Lease Contract Liabilities |
4,212,665 |
3,077,716 |
1,754,685 |
|
Accrued Income Tax |
5,793,788 |
25,427,431 |
42,527,566 |
|
Other Current Liabilities |
3,780,073 |
1,145,454 |
2,294,400 |
|
|
|
|
|
|
Total Current Liabilities |
956,022,440 |
545,290,826 |
1,018,086,906 |
|
Long-term Loan, Net
of Current Portion
|
56,950,000 |
146,350,000 |
86,250,000 |
|
Financial Lease Contract
Liabilities, Net of
Current Portion |
7,377,884 |
7,254,510 |
4,310,945 |
|
Reserve for Employee
Benefits |
3,829,838 |
2,846,632 |
938,927 |
|
Total Liabilities |
1,024,180,162 |
701,741,968 |
1,109,586,778 |
|
|
|
|
|
|
Shareholders' Equity |
|
|
|
|
|
|
|
|
|
Share capital : Baht 100
par value authorized, issued
and fully paid share
capital 3,900,000 shares
|
390,000,000 |
390,000,000 |
390,000,000 |
|
|
|
|
|
|
Capital Paid |
390,000,000 |
390,000,000 |
390,000,000 |
|
Retained Earning Appropriated for Statutory Reserve |
39,000,000 |
39,000,000 |
27,000,000 |
|
Unappropriated |
851,772,580 |
829,141,386 |
524,545,310 |
|
Total Shareholders' Equity |
1,280,772,580 |
1,258,141,386 |
941,545,310 |
|
Total Liabilities &
Shareholders' Equity |
2,304,952,742 |
1,959,883,354 |
2,051,132,088 |
PROFIT &
LOSS ACCOUNT
|
Revenue |
2014 |
2013 |
2012 |
|
|
|
|
|
|
Sales |
4,484,072,335 |
4,630,168,048 |
4,745,634,741 |
|
Gain on Exchange Rate |
3,914,426 |
- |
28,105,926 |
|
Other Income |
7,352,889 |
13,116,385 |
9,014,691 |
|
Total Revenues |
4,495,339,650 |
4,643,284,433 |
4,782,755,358 |
|
Expenses |
|
|
|
|
|
|
|
|
|
Cost of Goods
Sold |
4,091,602,643 |
4,033,758,478 |
4,229,276,155 |
|
Selling Expenses |
176,367,526 |
163,435,723 |
141,669,762 |
|
Administrative Expenses |
65,791,961 |
51,179,902 |
43,415,714 |
|
Loss on Exchange
Rate |
- |
1,473,163 |
- |
|
Total Expenses |
4,333,762,130 |
4,249,847,266 |
4,414,361,631 |
|
|
|
|
|
|
Profit before Financial
Expenses & Income Tax |
161,577,520 |
393,437,167 |
368,393,727 |
|
Financial Expenses |
[13,242,397] |
[17,226,318] |
[16,944,334] |
|
|
|
|
|
|
Profit before Income
Tax |
148,335,123 |
376,210,849 |
351,449,393 |
|
Income Tax |
[28,203,929] |
[45,964,773] |
[62,701,511] |
|
Net Profit / [Loss] |
120,131,194 |
330,246,076 |
288,747,882 |
FINANCIAL
ANALYSIS
|
ITEM |
UNIT |
2014 |
2013 |
2012 |
|
|
|
|
|
|
|
LIQUIDITY RATIO |
|
|
|
|
|
CURRENT RATIO |
TIMES |
1.48 |
2.09 |
1.26 |
|
QUICK RATIO |
TIMES |
0.62 |
0.88 |
0.47 |
|
|
|
|
|
|
|
ACTIVITY RATIO |
|
|
|
|
|
FIXED ASSETS TURNOVER |
TIMES |
5.28 |
5.98 |
6.96 |
|
TOTAL ASSETS TURNOVER |
TIMES |
1.95 |
2.36 |
2.31 |
|
INVENTORY CONVERSION PERIOD |
DAYS |
73.14 |
58.78 |
68.73 |
|
INVENTORY TURNOVER |
TIMES |
4.99 |
6.21 |
5.31 |
|
RECEIVABLES CONVERSION PERIOD |
DAYS |
32.03 |
22.81 |
30.87 |
|
RECEIVABLES TURNOVER |
TIMES |
11.40 |
16.00 |
11.82 |
|
PAYABLES CONVERSION PERIOD |
DAYS |
38.68 |
28.03 |
41.80 |
|
CASH CONVERSION CYCLE |
DAYS |
66.49 |
53.56 |
57.79 |
|
|
|
|
|
|
|
PROFITABILITY
RATIO |
|
|
|
|
|
COST OF GOODS SOLD |
% |
91.25 |
87.12 |
89.12 |
|
SELLING & ADMINISTRATION |
% |
5.40 |
4.64 |
3.90 |
|
INTEREST |
% |
0.30 |
0.37 |
0.36 |
|
GROSS PROFIT MARGIN |
% |
9.00 |
13.16 |
11.66 |
|
NET PROFIT MARGIN BEFORE EX. ITEM |
% |
3.60 |
8.50 |
7.76 |
|
NET PROFIT MARGIN |
% |
2.68 |
7.13 |
6.08 |
|
RETURN ON EQUITY |
% |
9.38 |
26.25 |
30.67 |
|
RETURN ON ASSET |
% |
5.21 |
16.85 |
14.08 |
|
EARNING PER SHARE |
BAHT |
30.80 |
84.68 |
74.04 |
|
|
|
|
|
|
|
LEVERAGE RATIO |
|
|
|
|
|
DEBT RATIO |
TIMES |
0.44 |
0.36 |
0.54 |
|
DEBT TO EQUITY RATIO |
TIMES |
0.80 |
0.56 |
1.18 |
|
TIME INTEREST EARNED |
TIMES |
12.20 |
22.84 |
21.74 |
|
|
|
|
|
|
|
ANNUAL GROWTH |
|
|
|
|
|
SALES GROWTH |
% |
(3.16) |
(2.43) |
|
|
OPERATING PROFIT |
% |
(58.93) |
6.80 |
|
|
NET PROFIT |
% |
(63.62) |
14.37 |
|
|
FIXED ASSETS |
% |
9.64 |
13.50 |
|
|
TOTAL ASSETS |
% |
17.61 |
(4.45) |
|
ANNUAL
GROWTH : ACCEPTABLE
An annual sales growth is -3.16%. Turnover has decreased from THB
PROFITABILITY :
RISKY
PROFITABILITY
RATIO
|
Gross Profit Margin |
9.00 |
Satisfactory |
Industrial
Average |
9.35 |
|
Net Profit Margin |
2.68 |
Deteriorated |
Industrial
Average |
9.98 |
|
Return on Assets |
5.21 |
Deteriorated |
Industrial
Average |
13.21 |
|
Return on Equity |
9.38 |
Deteriorated |
Industrial
Average |
27.30 |
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 9%. 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 2.68%.
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 5.21%.
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 9.38%.
Trend of the
average competitors in the same industry for last 5 years
Return on Assets Uptrend
Return on Equity Uptrend
LIQUIDITY : RISKY
LIQUIDITY RATIO
|
Current Ratio |
1.48 |
Acceptable |
Industrial
Average |
2.13 |
|
Quick Ratio |
0.62 |
|
|
|
|
Cash Conversion Cycle |
66.49 |
|
|
|
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 1.48 times in 2014, decreased from 2.09 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 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 0.62 times in 2014,
decreased from 0.88 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 67 days.
Trend of the
average competitors in the same industry for last 5 years
Current Ratio Uptrend
LEVERAGE :
EXCELLENT
LEVERAGE RATIO
|
Debt Ratio |
0.44 |
Impressive |
Industrial
Average |
0.49 |
|
Debt to Equity Ratio |
0.80 |
Impressive |
Industrial
Average |
0.98 |
|
Times Interest Earned |
12.20 |
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 12.21 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 0.44 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 :
IMPRESSIVE
ACTIVITY RATIO
|
Fixed Assets Turnover |
5.28 |
Impressive |
Industrial
Average |
- |
|
Total Assets Turnover |
1.95 |
Impressive |
Industrial
Average |
1.32 |
|
Inventory Conversion Period |
73.14 |
|
|
|
|
Inventory Turnover |
4.99 |
Satisfactory |
Industrial
Average |
6.50 |
|
Receivables Conversion Period |
32.03 |
|
|
|
|
Receivables Turnover |
11.40 |
Impressive |
Industrial
Average |
8.23 |
|
Payables Conversion Period |
38.68 |
|
|
|
The company's Account Receivable Ratio is calculated as 11.40 and
Inventory Turnover in Days Ratio indicates the liquidity of inventory.
It estimates the number of days that it will take to sell the current
inventory. Inventory is particularly sensitive to change in business
activities. The inventory turnover in days has increased from 59 days at the
end of 2013 to 73 days at the end of 2014. This represents a negative trend.
And Inventory turnover has decreased from 6.21 times in year 2013 to 4.99 times
in year 2014.
The company's Total Asset Turnover is calculated as 1.95 times and 2.36
times in 2014 and 2013 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
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.65.04 |
|
|
1 |
Rs.99.58 |
|
Euro |
1 |
Rs.71.75 |
INFORMATION DETAILS
|
Analysis Done by
: |
DIV |
|
|
|
|
Report Prepared
by : |
ANK |
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.