MIRA
INFORM REPORT
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Report No. : |
346337 |
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Report Date : |
31.10.2015 |
IDENTIFICATION DETAILS
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Name : |
INTER MEDICAL CO., LTD. |
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Registered Office : |
5th Floor, |
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Country : |
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Financials (as on) : |
31.12.2014 |
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Date of Incorporation : |
24.01.1983 |
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Com. Reg. No.: |
0105526003298 |
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Legal Form : |
Private Limited Company |
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Line of Business : |
The subject is
an importer and
distributor wide range
of medical products,
including medical disposables
and equipments, surgical
instruments and implants
for spinal and
maxillofacial
reconstruction. |
|
|
|
|
No. of Employees : |
80 |
RATING & COMMENTS
|
MIRA’s Rating : |
B |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
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Status : |
Moderate |
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Payment Behaviour : |
Slow but correct |
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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 – March 31, 2015
|
Country Name |
Previous Rating (31.12.2014) |
Current Rating (31.03.2015) |
|
Thailand |
B1 |
B1 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
|
Moderate |
B1 |
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High |
B2 |
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Very High |
C1 |
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Restricted |
C2 |
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Off-credit |
D |
Company name
INTER MEDICAL CO., LTD.
SUMMARY
BUSINESS ADDRESS : 5th
FLOOR, V.A.T. BUILDING,
999/99 NEW
RAMA 9 ROAD,
SUANLUANG,
BANGKOK 10250,
THAILAND
TELEPHONE : [66] 2718-3333,
2718-3590, 2718-3852-60
FAX : [66] 2718-3588
E-MAIL ADDRESS : im@intermedical.co.th
REGISTRATION ADDRESS : SAME AS BUSINESS
ADDRESS
ESTABLISHED : 1983
REGISTRATION NO. : 0105526003298 [Former
: 328/2526]
TAX ID NO. : 3101219999
CAPITAL REGISTERED : BHT.
120,000,000
CAPITAL PAID-UP : BHT.
120,000,000
SHAREHOLDER’S PROPORTION : THAI :
100%
FISCAL YEAR CLOSING DATE : DECEMBER 31
LEGAL STATUS : PRIVATE LIMITED COMPANY
EXECUTIVE : MR.
SURACHAI TERAWANITSAN, THAI
MANAGING DIRECTOR
NO. OF STAFF : 80
LINES OF BUSINESS : MEDICAL PRODUCTS
IMPORTER &
DISTRIBUTOR
|
|
|
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 January
24, 1983 as
a private limited
company under the
registered name INTER
MEDICAL CO., LTD.,
by Thai and
Singaporean groups, with
the business objective
to import and
distribute wide range
of medical equipments, instruments
and supplies to
domestic market. It
currently employs approximately
80 staff.
At present, the
subject is 100%
owned by Thai
groups.
The subject’s registered
address is 5th Floor,
V.A..T. Building, 999/99 New
Rama 9 Rd.,
Suanluang, Bangkok 10250,
and this is
the subject’s current
operation address.
THE BOARD
OF DIRECTOR
|
Name |
|
Nationality |
Age |
|
|
|
|
|
|
Mr. Atipong Arkaleephan |
|
Thai |
78 |
|
Mr. Tavatchai Tantipoj |
|
Thai |
71 |
|
Mrs. Somchit Wanaphmornphand |
|
Thai |
61 |
|
Mr. Peeranat Tantipoj |
|
Thai |
38 |
|
Mr. Surachai Terawanitsan |
|
Thai |
- |
|
Mrs. Laksanawadee Kiattanakorn |
|
Thai |
40 |
|
Mr. Pithan Tantipoj |
|
Thai |
37 |
|
Mr. Thammasak Lorthanawanich |
|
Thai |
43 |
|
Ms. Vasunee Jaidee |
|
Thai |
53 |
AUTHORIZED PERSON
Any two of
the above directors
can jointly sign
on behalf of
the subject with
company’s affixed.
MANAGEMENT
Mr. Surachai Terawanitsan is
the Managing Director.
He is Thai
nationality.
Mr. Thammasak Lorthanawanich is
the Division Manager.
He is Thai
nationality with the
age of 43
years old.
Mr. Somphop Chatwong is
the Assistant Division
Manager, Product Manager
Supply & Project.
He is Thai
nationality.
Ms. Chonpakorn
Chotekijsunthorn is the
Sales Area Manager -
Upcountry Supply & Project &
Instrument.
She is Thai
nationality.
Ms. Sirikanya Yaklay is
the Product Manager - Ortho.
She is Thai
nationality.
Ms. Ratchadawan Chawengpan is
the Sales Area Manager
- Bangkok Ortho.
She is Thai
nationality.
Ms. Kanyarat Thaksaseranee is
the Sales Area Manager
- Upcountry Ortho.
She is Thai
nationality.
Mr. Manit Nongnuch is
the Sales Area Manager
- Northeast Area.
He is Thai
nationality.
Mrs. Saowapha Chiangpinijporn is
the Chief of
Warehouse.
She is Thai
nationality.
BUSINESS OPERATIONS
The subject is
an importer and
distributor wide range
of medical products,
including medical disposables
and equipments, surgical
instruments and implants
for spinal and
maxillofacial reconstruction. The
products are categorized
into 3 groups
as follows:
Bone Implant : Spinal
Pedicular Screw and
Hook, Cervical Bone
Plate and Screw,
Maxillofacial Miniplate and
Screw. The subject
is an exclusive
distributor of Medicon
and Sofamor for
this group.
Medical Supplies : Special
Shapes Tubes for
Particular Purposes in
Anaesthesia, Urology and
Surgery, Colostomy Bag
and accessories, Bacterial
Filter, Ligation Clip.
The subject is
an exclusive distributor of Dansac,
Hollister, Hem-lok, Pall,
Paramount and Parker
for the products.
Medical Instruments &
Equipment : Surgical Instrument, Mobile
X-ray C-arms, Warmer,
Incubator, Suction Pump,
Nebulizer, Wheel Chair,
Blood Pressure Measure,
Stethoscope, Opthalmoscope, Laryngoscope,
Exam Light, Ambulance and
etc.
MAJOR BRANDS
SIEMENS, HEINE, FERNO,
PARAMOUNT, HOLLISTER, HEM-O-LOK,
AMBU, NUVASIVE and
etc.
IMPORT [COUNTRIES]
95% of the
products is imported
from Germany, Denmark,
Switzerland, U.S.A., Singapore,
India, Republic of
China, United Kingdom
and Australia.
MAJOR SUPPLIERS
|
Name |
Country |
|
Ferno-Washington Inc. |
U.S.A. |
|
Paramount Surgimed Ltd. |
India |
|
Nuvasive Inc. |
U.S.A. |
|
Pall Corporation |
U.S.A. |
|
Siemens AG. |
Germany |
|
Teleflex Medical Inc. |
U.S.A. |
|
Von Mannstein GmbH. |
Germany |
SALES [LOCAL]
Most of the products
are sold locally to Thai Government,
and the rest is
supplied to its affiliated
companies.
SUBSIDIARIES &
AFFILIATED COMPANIES
Bang Trading [1992]
Co., Ltd.
Business Type: Distributor of
scientific and medical
instruments
Asfinitech Co., Ltd.
Business Type: Distributor of
scientific and medical
instruments
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.
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
credits term of
60-180 days &
T/T.
BANKING
Kasikornbank Public Co.,
Ltd.
[Suanluang Branch]
Bangkok Bank Public
Co., Ltd.
[Head Office : 333 Silom Rd.,
Silom, Bangrak, Bangkok]
The Siam Commercial
Bank Public Co., Ltd.
[Head Office :
9 Ratchadapisek Rd.,
Ladyao, Jatujak, Bangkok]
Krung Thai Bank
Public Co., Ltd.
[Ekamai Branch]
EMPLOYMENT
The subject employs
approximately 80 staff. [office
and sales staff]
LOCATION DETAILS
The premise is
owned for operating
administrative office and
warehouse at the
heading address. Premise
is located in
commercial/residential area.
COMMENT
The subject was
formed in 1983
as an importer
and distributor of
artificial spinal parts,
medical devices and
supplies. Its sales
had outstanding dropped in
the previous year
due to shrinking
market demand from slow
spending of local
consumers.
FINANCIAL INFORMATION
The capital was
registered at Bht.
1 million, divided
into 10,000 shares
of Bht. 100
each.
The capital was increased
later as following:
Bht. 3,000,000
on March 16,
1994
Bht. 10,000,000
on December 19,
1994
Bht. 120,000,000 on
December 12, 2003
The latest registered
capital was increased
to Bht. 120
million, divided into
1,200,000 shares of
Bht. 100 each
with fully paid.
THE SHAREHOLDERS
LISTED WERE: [as
at April 30,
2015]
|
NAME |
HOLDING |
% |
|
|
|
|
|
Ms. Nattasiri Tantipoj Nationality: Thai Address : 65
Soi Jadsan, Samsennok,
Huaykwang, Bangkok |
209,862 |
17.49 |
|
Ms. Jittiya Arkaleephan Nationality: Thai Address : 36
Ekamai Rd., Klongton,
Klongtoey, Bangkok |
136,770 |
11.40 |
|
Mrs. Shamapat Sitthiamnuay Nationality: Thai Address : 36
Ekamai Rd., Klongton,
Klongtoey, Bangkok |
136,770 |
11.40 |
|
Mr. Kajornphan Tantipoj Nationality: Thai Address : 65
Soi Jadsan, Samsennok,
Huaykwang, Bangkok |
123,085 |
10.26 |
|
Ms. Kamolwan Tantipoj Nationality: Thai Address : 65
Soi Jadsan, Samsennok,
Huaykwang, Bangkok |
123,085 |
10.26 |
|
Mr. Ong-arj Wacharathanyakorn Nationality: Thai Address : 111/559
Moo 5, Saimai,
Bangkok |
120,000 |
10.00 |
|
Mr. Peeranat Tantipoj Nationality: Thai Address : 65 Soi
Jadsan, Samsennok, Huaykwang, Bangkok |
91,100 |
7.59 |
|
Mr. Pithan Tantipoj Nationality: Thai Address : 65
Soi Jadsan, samsennok,
Huaykwang, Bangkok |
91,100 |
7.59 |
|
Ms. Nitiwadee Tantipoj Nationality: Thai Address : 65
Soi Jadsan, Samsennok,
Huaykwang, Bangkok |
91,100 |
7.59 |
|
Mr. Atipong Arkaleephan Nationality: Thai Address : 36
Ekamai Rd., Klongton,
Klongtoey, Bangkok |
68,390 |
5.70 |
|
Ms. Varanya Vanapamornpan Nationality: Thai Address : 609
Charoennakorn Road, Klongtonsai,
Klongsan, Bangkok |
8,738 |
0.72 |
Total Shareholders : 11
Share Structure [as
at April 30, 2015]
|
Nationality |
Shareholders |
No. of Share |
% Shares |
|
|
|
|
|
|
Thai |
11 |
1,200,000 |
100.00 |
|
Foreign |
- |
- |
- |
|
Total |
11 |
1,200,000 |
100.00 |
NAME OF
AUDITOR & CERTIFIED
PUBLIC ACCOUNTANT NO. :
Mrs. Thahathai Suphakasem No.
5394
BALANCE SHEET
[BAHT]
The latest financial figures published
as at December
31, 2014, 2013
& 2012 were:
ASSETS
|
Current Assets |
2014 |
2013 |
2012 |
|
|
|
|
|
|
Cash and Cash Equivalents |
6,697,060.72 |
12,183,853.53 |
15,017,937.14 |
|
Trade Accounts &
Other Receivable |
183,011,207.67 |
213,442,705.49 |
184,759,040.83 |
|
Inventories |
87,673,226.30 |
107,892,484.48 |
74,572,735.76 |
|
|
|
|
|
|
Total Current Assets
|
277,381,494.69 |
333,519,043.50 |
274,349,713.73 |
|
|
|
|
|
|
Fixed Assets |
86,931,584.96 |
92,092,098.78 |
98,652,170.43 |
|
Other Non - current Assets
|
4,071,829.51 |
205,326.00 |
1,007,342.93 |
|
Total Assets |
368,384,909.16 |
425,816,468.28 |
374,009,227.09 |
LIABILITIES &
SHAREHOLDERS’ EQUITY [BAHT]
|
Current
Liabilities |
2014 |
2013 |
2012 |
|
|
|
|
|
|
Trade Accounts & Other
Payable |
31,745,515.86 |
69,765,478.08 |
38,222,118.06 |
|
Accrued Income Tax |
- |
490,157.75 |
2,479,354.85 |
|
|
|
|
|
|
Total Current Liabilities |
31,745,515.86 |
70,255,635.83 |
40,701,472.91 |
|
Total Liabilities |
31,745,515.86 |
70,255,635.83 |
40,701,472.91 |
|
|
|
|
|
|
Shareholders' Equity |
|
|
|
|
|
|
|
|
|
Share capital : Baht 100
par value authorized and
issued share capital
1,200,000 shares |
120,000,000.00 |
120,000,000.00 |
120,000,000.00 |
|
|
|
|
|
|
Capital Paid |
120,000,000.00 |
120,000,000.00 |
120,000,000.00 |
|
Retained Earnings: Appropriated for statutory reserve |
12,000,000.00 |
- |
- |
|
Unappropriated |
204,639,393.30 |
235,560,832.45 |
213,307,754.18 |
|
Total Shareholders' Equity |
336,639,393.30 |
355,560,832.45 |
333,307,754.18 |
|
Total Liabilities &
Shareholders' Equity |
368,384,909.16 |
425,816,468.28 |
374,009,227.09 |
PROFIT &
LOSS ACCOUNT
|
Revenue |
2014 |
2013 |
2012 |
|
|
|
|
|
|
Sales Income |
291,716,403.65 |
344,917,991.59 |
401,179,478.87 |
|
Other Income |
20,122,241.29 |
18,382,900.21 |
17,072,024.23 |
|
Total Revenues |
311,838,644.94 |
363,300,891.80 |
418,251,503.10 |
|
Expenses |
|
|
|
|
|
|
|
|
|
Cost of Goods
Sold |
189,352,001.31 |
225,579,901.47 |
281,270,241.91 |
|
Selling Expenses |
54,546,074.72 |
66,040,290.26 |
57,183,673.98 |
|
Administrative Expenses |
71,257,848.59 |
40,244,214.45 |
40,421,994.21 |
|
Other Expenses |
602,928.56 |
3,485,327.61 |
- |
|
Total Expenses |
315,758,853.18 |
335,349,733.79 |
378,875,910.10 |
|
|
|
|
|
|
Loss before Financial Cost & Income
Tax |
3,920,208.24 |
27,951,158.01 |
39,375,593.00 |
|
Financial Cost |
[1,230.91] |
[1,043.18] |
[648.33] |
|
Income Tax |
- |
[5,697,036.56] |
[9,038,884.01] |
|
|
|
|
|
|
Net Profit / [Loss] |
3,921,439.15 |
22,253,078.27 |
30,336,060.66 |
FINANCIAL ANALYSIS
|
ITEM |
UNIT |
2014 |
2013 |
2012 |
|
|
|
|
|
|
|
LIQUIDITY RATIO |
|
|
|
|
|
CURRENT RATIO |
TIMES |
8.74 |
4.75 |
6.74 |
|
QUICK RATIO |
TIMES |
5.98 |
3.21 |
4.91 |
|
|
|
|
|
|
|
ACTIVITY RATIO |
|
|
|
|
|
FIXED ASSETS TURNOVER |
TIMES |
3.36 |
3.75 |
4.07 |
|
TOTAL ASSETS TURNOVER |
TIMES |
0.79 |
0.81 |
1.07 |
|
INVENTORY CONVERSION PERIOD |
DAYS |
169.00 |
174.58 |
96.77 |
|
INVENTORY TURNOVER |
TIMES |
2.16 |
2.09 |
3.77 |
|
RECEIVABLES CONVERSION PERIOD |
DAYS |
228.99 |
225.87 |
168.10 |
|
RECEIVABLES TURNOVER |
TIMES |
1.59 |
1.62 |
2.17 |
|
PAYABLES CONVERSION PERIOD |
DAYS |
61.19 |
112.88 |
49.60 |
|
CASH CONVERSION CYCLE |
DAYS |
336.79 |
287.56 |
215.27 |
|
|
|
|
|
|
|
PROFITABILITY RATIO |
|
|
|
|
|
COST OF GOODS SOLD |
% |
64.91 |
65.40 |
70.11 |
|
SELLING & ADMINISTRATION |
% |
43.13 |
30.81 |
24.33 |
|
INTEREST |
% |
0.00 |
0.00 |
0.00 |
|
GROSS PROFIT MARGIN |
% |
41.99 |
39.93 |
34.14 |
|
NET PROFIT MARGIN BEFORE EX. ITEM |
% |
(1.34) |
8.10 |
9.81 |
|
NET PROFIT MARGIN |
% |
1.34 |
6.45 |
7.56 |
|
RETURN ON EQUITY |
% |
1.16 |
6.26 |
9.10 |
|
RETURN ON ASSET |
% |
1.06 |
5.23 |
8.11 |
|
EARNING PER SHARE |
BAHT |
3.27 |
18.54 |
25.28 |
|
|
|
|
|
|
|
LEVERAGE RATIO |
|
|
|
|
|
DEBT RATIO |
TIMES |
0.09 |
0.16 |
0.11 |
|
DEBT TO EQUITY RATIO |
TIMES |
0.09 |
0.20 |
0.12 |
|
TIME INTEREST EARNED |
TIMES |
(3,184.80) |
26,794.19 |
60,733.87 |
|
|
|
|
|
|
|
ANNUAL GROWTH |
|
|
|
|
|
SALES GROWTH |
% |
(15.42) |
(14.02) |
|
|
OPERATING PROFIT |
% |
(114.03) |
(29.01) |
|
|
NET PROFIT |
% |
(82.38) |
(26.64) |
|
|
FIXED ASSETS |
% |
(5.60) |
(6.65) |
|
|
TOTAL ASSETS |
% |
(13.49) |
13.85 |
|
ANNUAL GROWTH :
RISKY
An annual sales growth is -15.42%. Turnover has decreased from THB 344,917,991.59
in 2013 to THB 291,716,403.65 in 2014. While net profit has decreased from THB
22,253,078.27 in 2013 to THB 3,921,439.15 in 2014. And total assets has
decreased from THB 425,816,468.28 in 2013 to THB 368,384,909.16 in 2014.
PROFITABILITY :
RISKY
PROFITABILITY
RATIO
|
Gross Profit Margin |
41.99 |
Satisfactory |
Industrial Average |
54.32 |
|
Net Profit Margin |
1.34 |
Deteriorated |
Industrial Average |
4.19 |
|
Return on Assets |
1.06 |
Deteriorated |
Industrial Average |
10.30 |
|
Return on Equity |
1.16 |
Deteriorated |
Industrial Average |
21.06 |
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 41.99%. 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 1.34%.
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 1.06%.
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 1.16%.
Trend of the average competitors in the same industry for last 5 years
Return on Assets Uptrend
Return on Equity Uptrend
LIQUIDITY :
SATISFACTORY
LIQUIDITY RATIO
|
Current Ratio |
8.74 |
Impressive |
Industrial Average |
1.79 |
|
Quick Ratio |
5.98 |
|
|
|
|
Cash Conversion Cycle |
336.79 |
|
|
|
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 8.74 times in 2014, increase from 4.75 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 5.98 times in 2014,
increase from 3.21 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 337 days.
Trend of the average competitors in the same industry for last 5 years
Current Ratio Uptrend
LEVERAGE :
SATISFACTORY
LEVERAGE RATIO
|
Debt Ratio |
0.09 |
Impressive |
Industrial Average |
0.48 |
|
Debt to Equity Ratio |
0.09 |
Impressive |
Industrial Average |
0.92 |
|
Times Interest Earned |
(3,184.80) |
Risky |
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 -3184.81 lower than 1, so the company is not generating
enough cash from EBIT to meet its interest obligations.
Debt Ratio shows the proportion of a company's assets which are financed
through debt. The company's figure is 0.09 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 |
3.36 |
Impressive |
Industrial Average |
- |
|
Total Assets Turnover |
0.79 |
Deteriorated |
Industrial Average |
2.46 |
|
Inventory Conversion Period |
169.00 |
|
|
|
|
Inventory Turnover |
2.16 |
Acceptable |
Industrial Average |
3.76 |
|
Receivables Conversion Period |
228.99 |
|
|
|
|
Receivables Turnover |
1.59 |
Deteriorated |
Industrial Average |
4.61 |
|
Payables Conversion Period |
61.19 |
|
|
|
The company's Account Receivable Ratio is calculated as 1.59 and 1.62 in
2014 and 2013 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 2014
decreased from 2013. 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 175 days at the
end of 2013 to 169 days at the end of 2014. This represents a positive trend.
And Inventory turnover has increased from 2.09 times in year 2013 to 2.16 times
in year 2014.
The company's Total Asset Turnover is calculated as 0.79 times and 0.81
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 Uptrend
Inventory Turnover Uptrend
Receivables Turnover Uptrend
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.65.22 |
|
|
1 |
Rs.99.93 |
|
Euro |
1 |
Rs.71.67 |
INFORMATION DETAILS
|
Analysis Done by
: |
RAS |
|
|
|
|
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%)
This report is issued at your request without any
risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL)
or its officials.