MIRA INFORM REPORT
|
Report No. : |
341356 |
|
Report Date : |
19.09.2015 |
IDENTIFICATION DETAILS
|
Name : |
PTT PHENOL COMPANY LIMITED |
|
|
|
|
Registered Office : |
4th Floor, Energy
Complex Building, 555/1 Vibhavadi-Rangsit
Road, Jatujak, Bangkok 10900 |
|
|
|
|
Country : |
Thailand |
|
|
|
|
Financials (as on) : |
31.12.2014 |
|
|
|
|
Date of Incorporation : |
04.06.204 |
|
|
|
|
Com. Reg. No.: |
0105547075484 |
|
|
|
|
Legal Form : |
Private Limited Company |
|
|
|
|
Line of Business : |
Subject’s objective is
a manufacturer and
distributor of Phenol,
Acetone and BPA
for petrochemical and
oil refinery industries.
|
|
|
|
|
No. of Employee : |
150 |
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 |
|
|
|
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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 |
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’�tat, 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 and address
PTT PHENOL COMPANY LIMITED
SUMMARY
BUSINESS ADDRESS : 4th FLOOR,
ENERGY COMPLEX BUILDING,
555/1 VIBHAVADI-RANGSIT ROAD,
JATUJAK, BANGKOK 10900,
THAILAND
TELEPHONE : [66] 2140-3600-3
FAX :
[66] 2140-3614,
2140-3611
E-MAIL ADDRESS : info@pttphenol.com
REGISTRATION ADDRESS : SAME AS
BUSINESS ADDRESS
ESTABLISHED : 2004
REGISTRATION NO. : 0105547075484 [Former : 0108354704515]
TAX ID NO. : 3031436077
CAPITAL REGISTERED : BHT. 11,851,200,000
CAPITAL PAID-UP : BHT. 9,001,000,000
SHAREHOLDER’S PROPORTION : THAI
: 100%
FISCAL YEAR CLOSING DATE : DECEMBER 31
LEGAL STATUS : PRIVATE LIMITED
COMPANY
EXECUTIVE : MR. PRAMIN
PHANTAWESAK, THAI
CHIEF EXECUTIVE
OFFICER AND PRESIDENT
EMPLOYEES : 150
LINES OF BUSINESS : PETROCHEMICAL
MANUFACTURER 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
established on June 4,
2004 as a
private limited company
under the registered
name PTT PHENOL COMPANY
LIMITED, by PTT
group of companies,
initially by a
joint venture among
PTT Public Company
Limited, PTT Chemical Public
Company Limited and PTT Aromatics and Refining Public Company Limited, with
holding around 40%,
30% and 30%
of the subject’s
shares respectively.
In 2013, the subject becomes
a wholly owned subsidiary
of PTT Global Chemical Public
Company Limited.
Its business objective
is to manufacture
petrochemical products, specialized
in Phenol for petrochemical
production and refinery
industry. It currently
employs 150 staff.
The subject’s registered address
was initially at 123 Vibhavadi-Rangsit Rd., Chompol, Jatujak,
Bangkok 10900.
On March 2,
2010, it was
relocated to 4th Flr.,
Energy Complex Bldg.,
555/1 Vibhavadi-Rangsit Rd.,
Jatujak, Bangkok 10900, and
this is the
subject’s current operation
address.
THE
BOARD OF DIRECTOR
|
Name |
|
Nationality |
Age |
|
|
|
|
|
|
Mr. Patiparn
Sukorndhaman |
|
Thai |
54 |
|
Mr. Pairush Soovan |
|
Thai |
55 |
|
Mr. Suvit Tinnachote |
|
Thai |
59 |
|
Mrs. Puntip Oungpasuk |
|
Thai |
55 |
|
Mr. Pramin Phantawesak |
|
Thai |
61 |
|
Mr. Bowon Vongsinudom |
|
Thai |
61 |
AUTHORIZED
PERSON
Any two
of the above
directors can jointly
sign on behalf
of the subject
with
company’s affixed.
MANAGEMENT
Mr. Pramin
Phantawesak is
the Chief Executive
Officer and President.
He is
Thai nationality with
the age of 61
years old.
Mr. Siridej Khumvongdi is the
Executive Vice President
of Administration.
He is
Thai nationality.
Mr. Kamphon Chaikijkosri
is the Vice
President of Operation.
He is
Thai nationality.
BUSINESS
OPERATIONS
The subject’s
objective is a
manufacturer and distributor
of Phenol, Acetone
and BPA for
petrochemical and oil
refinery industries.
PRODUCTION
Phenol :
200,000 tons per
annum
Acetone :
124,000 tons per
annum
BPA : 150,000
tons per annum
PURCHASE
100% of
raw materials are
purchased from local
suppliers and agents.
MAJOR
SUPPLIERS
PTT Global
Chemical Public Company
Limited : Thailand
PTT Public
Company Limited : Thailand
IRPC Public
Company Limited : Thailand
SALES
100% of
the products is
sold locally by
wholesale to petrochemical
industry and oil
refinery.
MAJOR
CUSTOMERS
IRPC Public
Company Limited
Thai Oil
Public Company Limited
PTT Public
Company Limited
Bangchak Petroleum
Public Company Limited
Chevron Group
of Companies
Esso [Thailand]
Public Company Limited
RPCG Public
Company Limited
SUBSIDIARY
AND AFFILIATED COMPANY
The subject
is not found
to have any subsidiary
or affiliated company
here in 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.
CREDIT
Sales are
by cash or
on the credit
terms of 30-60
days.
Local bills
are paid by
cash or on
the credits term
of 30-60 days.
BANKING
Bangkok Bank
Public Co., Ltd.
The Siam
Commercial Bank Public
Co., Ltd.
Krung Thai
Bank Public Co.,
Ltd.
TMB Bank
Public Co., Ltd.
EMPLOYMENT
The subject currently
employs approximately 150
staff.
LOCATION
DETAILS
The premise is
owned for administrative office
at the heading
address. Premise is
located in commercial/residential area.
Factory and warehouse
are located at
9 Soi G9,
Pakornsongkrohraj Rd., T. Maptaphut,
A. Muang, Rayong 21000.
Tel : [66]
38 643-901, Fax :
[66] 38 643-827
Premises is on
214,400 square meters
of land area.
COMMENT
PTT Phenol was the first company to produce Phenol
in Southeast Asia, the world’s largest market for this chemical. Phenol is used as a raw material in the
production of plastic polycarbonate.
By the end of September
2015, PTT Phenol
will be on
schedule to commission
its new phenol/acetone plant
at Map Ta
Phut in Rayong
province, named PTT
Phenol 2 Project. It
will have a phenol
capacity of 250,000 tons/year
and acetone capacity
of 155,000 tons
per year.
FINANCIAL
INFORMATION
The capital was
registered at Bht. 800,000,000 divided
into 8,000,000 shares
of Bht. 100
each.
The capital was
increased later as
following:
Bht. 4,000,000,000 on
April 10, 2006
Bht. 5,400,000,000 on
September 1, 2006
Bht. 7,000,000,000 on
August 1, 2008
Bht. 9,252,000,000 on
March 24, 2009
Bht. 11,851,200,000 on
July 12, 2013
The latest registered
capital was increased
to Bht. 11,851,200,000
divided into 118,512,000 shares
of Bht. 100
each, with the
current capital paid-up
at Bht. 9,001,000,000
or 70,000,000 shares
of Bht. 100 each,
22,520,000 shares of
Bht. 60 each,
and 25,992,000 shares
of Bht. 25
each.
THE
SHAREHOLDERS LISTED WERE
[as at July
28, 2015] at
Bht. 9,001,000,000 of capitalization
|
NAME |
HOLDING |
% |
|
|
|
|
|
PTT Global
Chemical Public Company
Limited Nationality: Thai Address :
14th - 18th
Floor, Energy Complex Building A, 555/1 Vibhavadi-Rangsit Rd.,
Jatujak, Bangkok |
118,511,998 |
100.00 |
|
Mr. Vina Kemajito Nationality: Thai Address :
147 Soi Prachachuen
37, Prachachuen Rd., Bangsue, Bangkok |
1 |
- |
|
Mr.
Tosaporn Boonyapipat Nationality: Thai Address :
31/361 Moo 2,
T. Thabma, A. Muang, Rayong |
1 |
- |
Total Shareholders
: 3
Share Structure
[as at
July 28, 2015]
|
Nationality |
Shareholders |
No. of
Share |
% Shares |
|
|
|
|
|
|
Thai |
3 |
118,512,000 |
100.00 |
|
Foreign |
- |
- |
- |
|
Total |
3 |
118,512,000 |
100.00 |
NAME OF AUDITOR & CERTIFIED PUBLIC
ACCOUNTANT NO.
Mr. Vairoj Chindamaneepitak No.
3565
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 |
1,845,285,950 |
2,293,269,391 |
3,879,508,669 |
|
Short-term
Investment |
220,000,000 |
846,900,000 |
338,700,000 |
|
Trade Account
Receivable |
1,753,140,652 |
2,072,210,389 |
2,172,804,222 |
|
Other Receivable |
61,844,077 |
53,211,215 |
43,829,891 |
|
Inventories |
863,259,453 |
1,245,963,971 |
1,444,286,541 |
|
Derivative Assets
|
20,099,250 |
33,459,665 |
14,267,335 |
|
Refundable Value
Added Tax |
280,318,104 |
130,428,096 |
75,630,874 |
|
Other Current
Assets |
23,252,658 |
5,366,439 |
6,712,403 |
|
Total Current
Assets |
5,067,200,144 |
6,680,809,166 |
7,975,739,935 |
|
|
|
|
|
|
Fixed Assets |
18,817,210,392 |
15,678,185,629 |
14,027,733,965 |
|
Intangible Assets |
906,589,922 |
941,505,914 |
993,817,559 |
|
Deferred Income Tax
Assets |
111,163,308 |
108,579,578 |
104,623,954 |
|
Derivative |
- |
20,476,097 |
- |
|
Other Non-current
Assets |
134,834,474 |
169,804,523 |
207,648,747 |
|
Total Assets |
25,036,998,240 |
23,599,360,907 |
23,309,564,160 |
LIABILITIES & SHAREHOLDERS' EQUITY [BAHT]
|
Current Liabilities |
2014 |
2013 |
2012 |
|
|
|
|
|
|
Trade Account
Payable |
989,762,568 |
2,494,662,703 |
2,803,856,039 |
|
Other Companies |
361,030,196 |
303,382,652 |
530,283,130 |
|
Construction
Payable |
319,779,392 |
418,720,575 |
16,468,305 |
|
Current Portion
of Long-term Loan from
Financial Institution |
1,153,574,038 |
940,274,038 |
425,224,038 |
|
Current Portion of
Financial Lease Liabilities |
- |
- |
2,116,660 |
|
Derivative |
166,706 |
66,301,427 |
- |
|
Other Current
Liabilities |
203,702 |
181,105 |
41,269 |
|
Total Current Liabilities
|
2,824,516,602 |
4,223,522,500 |
3,777,989,441 |
|
Long-term Loan
from Financial
Institution |
7,761,429,040 |
7,192,310,771 |
7,051,364,317 |
|
Liabilities from
Employee Benefits |
27,369,557 |
28,557,701 |
24,304,743 |
|
Derivatives |
- |
- |
16,255,126 |
|
Total Liabilities
|
10,613,315,199 |
11,444,390,972 |
10,869,913,627 |
|
|
|
|
|
|
Shareholders'
Equity |
|
|
|
|
|
|
|
|
|
Share
capital : Baht 100 par
value authorized
and issued share
capital 118,512,000 shares
in 2014 & 2013, 92,520,000 shares
in 2012 |
11,851,200,000 |
11,851,200,000 |
9,252,000,000 |
|
Capital Paid |
10,681,560,000 |
9,001,000,000 |
8,351,200,000 |
|
Retained Earning |
|
|
|
|
Appropriated for Statutory Reserve |
204,422,527 |
204,422,527 |
- |
|
Unappropriated |
3,529,244,598 |
2,901,752,727 |
4,088,450,533 |
|
Other Components
of Equity |
8,455,916 |
47,794,681 |
- |
|
Total Shareholders' Equity |
14,423,683,041 |
12,154,969,935 |
12,439,650,533 |
|
Total Liabilities
& Shareholders' Equity |
25,036,998,240 |
23,599,360,907 |
23,309,564,160 |
PROFIT
& LOSS ACCOUNT
|
Revenue |
2014 |
2013 [Adjusted] |
2012 |
|
|
|
|
|
|
Sales Income |
18,057,271,385 |
18,086,567,850 |
16,414,931,124 |
|
Gain on Exchange
Rate |
15,822,879 |
135,232,142 |
42,000,807 |
|
Gain /[Loss] on Derivative Assets |
67,691,860 |
[114,572,335] |
174,606,840 |
|
Other Income |
96,560,692 |
82,187,577 |
179,306,142 |
|
Total Revenues |
18,237,346,816 |
18,189,415,234 |
16,810,844,913 |
|
Expenses |
|
|
|
|
|
|
|
|
|
Cost of
Goods Sold |
16,616,920,111 |
17,291,459,828 |
15,601,124,729 |
|
Selling Expenses |
494,266,833 |
643,391,474 |
471,573,483 |
|
Administrative Expenses |
221,629,126 |
240,406,558 |
245,740,960 |
|
Loss on
Exchange Rate |
- |
- |
8,445,208 |
|
Financial Cost |
287,729,004 |
371,981,907 |
424,412,713 |
|
Total Expenses
|
17,620,545,074 |
18,547,239,767 |
16,751,297,093 |
|
Loss before
Income Tax |
616,801,742 |
[357,824,533] |
59,547,820 |
|
Income Tax [Reverse Income Tax] |
4,205,010 |
4,274,350 |
[36,571,412] |
|
Net Profit / [Loss] |
621,006,752 |
[353,550,183] |
96,119,232 |
FINANCIAL
ANALYSIS
|
ITEM |
UNIT |
2014 |
2013 |
2012 |
|
|
|
|
|
|
|
LIQUIDITY RATIO |
|
|
|
|
|
CURRENT RATIO |
TIMES |
1.79 |
1.58 |
2.11 |
|
QUICK RATIO |
TIMES |
1.37 |
1.25 |
1.70 |
|
|
|
|
|
|
|
ACTIVITY RATIO |
|
|
|
|
|
FIXED ASSETS
TURNOVER |
TIMES |
0.96 |
1.15 |
1.17 |
|
TOTAL ASSETS
TURNOVER |
TIMES |
0.72 |
0.77 |
0.70 |
|
INVENTORY
CONVERSION PERIOD |
DAYS |
18.96 |
26.30 |
33.79 |
|
INVENTORY
TURNOVER |
TIMES |
19.25 |
13.88 |
10.80 |
|
RECEIVABLES
CONVERSION PERIOD |
DAYS |
35.44 |
41.82 |
48.31 |
|
RECEIVABLES
TURNOVER |
TIMES |
10.30 |
8.73 |
7.55 |
|
PAYABLES
CONVERSION PERIOD |
DAYS |
21.74 |
52.66 |
65.60 |
|
CASH CONVERSION
CYCLE |
DAYS |
32.66 |
15.46 |
16.51 |
|
|
|
|
|
|
|
PROFITABILITY RATIO |
|
|
|
|
|
COST OF GOODS
SOLD |
% |
92.02 |
95.60 |
95.04 |
|
SELLING &
ADMINISTRATION |
% |
3.96 |
4.89 |
4.37 |
|
INTEREST |
% |
1.59 |
2.06 |
2.59 |
|
GROSS PROFIT
MARGIN |
% |
8.97 |
4.96 |
7.37 |
|
NET PROFIT MARGIN
BEFORE EX. ITEM |
% |
3.42 |
(1.98) |
0.36 |
|
NET PROFIT MARGIN |
% |
3.44 |
(1.95) |
0.59 |
|
RETURN ON EQUITY |
% |
4.31 |
(2.91) |
0.77 |
|
RETURN ON ASSET |
% |
2.48 |
(1.50) |
0.41 |
|
EARNING PER SHARE |
BAHT |
5.81 |
(3.93) |
1.15 |
|
|
|
|
|
|
|
LEVERAGE RATIO |
|
|
|
|
|
DEBT RATIO |
TIMES |
0.42 |
0.48 |
0.47 |
|
DEBT TO EQUITY
RATIO |
TIMES |
0.74 |
0.94 |
0.87 |
|
TIME INTEREST
EARNED |
TIMES |
2.14 |
(0.96) |
0.14 |
|
|
|
|
|
|
|
ANNUAL GROWTH |
|
|
|
|
|
SALES GROWTH |
% |
(0.16) |
10.18 |
|
|
OPERATING PROFIT |
% |
(272.38) |
(700.90) |
|
|
NET PROFIT |
% |
275.65 |
(467.82) |
|
|
FIXED ASSETS |
% |
20.02 |
11.77 |
|
|
TOTAL ASSETS |
% |
6.09 |
1.24 |
|
ANNUAL
GROWTH : SATISFACTORY
An annual sales
growth is -0.16%. Turnover has decreased from THB 18,086,567,850.00 in 2013 to
THB 18,057,271,385.00 in 2014. While net profit has increased from THB
PROFITABILITY : SATISFACTORY
PROFITABILITY RATIO
|
Gross Profit
Margin |
8.97 |
Acceptable |
Industrial Average |
17.91 |
|
Net Profit Margin |
3.44 |
Impressive |
Industrial Average |
2.03 |
|
Return on Assets |
2.48 |
Satisfactory |
Industrial Average |
2.74 |
|
Return on Equity |
4.31 |
Satisfactory |
Industrial Average |
4.35 |
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 8.97%. 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 3.44%, 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 2.48%.
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 4.31%.
Trend of the average competitors in the same
industry for last 5 years
Return on Assets Uptrend
Return on Equity Downtrend
LIQUIDITY : SATISFACTORY
LIQUIDITY RATIO
|
Current Ratio |
1.79 |
Impressive |
Industrial Average |
1.74 |
|
Quick Ratio |
1.37 |
|
|
|
|
Cash Conversion
Cycle |
32.66 |
|
|
|
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 1.79 times in 2014,
increased from 1.58 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 1.37 times in 2014, increased from 1.25
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 33 days.
Trend of the average competitors in the same
industry for last 5 years
Current Ratio Uptrend
LEVERAGE : IMPRESSIVE
LEVERAGE RATIO
|
Debt Ratio |
0.42 |
Acceptable |
Industrial Average |
0.35 |
|
Debt to Equity
Ratio |
0.74 |
Impressive |
Industrial Average |
0.54 |
|
Times Interest
Earned |
2.14 |
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
2.15 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 0.42 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 |
0.96 |
Impressive |
Industrial Average |
- |
|
Total Assets
Turnover |
0.72 |
Acceptable |
Industrial Average |
1.35 |
|
Inventory Conversion
Period |
18.96 |
|
|
|
|
Inventory
Turnover |
19.25 |
Impressive |
Industrial Average |
7.93 |
|
Receivables
Conversion Period |
35.44 |
|
|
|
|
Receivables
Turnover |
10.30 |
Impressive |
Industrial Average |
5.80 |
|
Payables Conversion
Period |
21.74 |
|
|
|
The company's
Account Receivable Ratio is calculated as 10.30 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 26 days at the end of 2013 to 19 days at the end of 2014. This
represents a positive trend. And Inventory turnover has increased from 13.88
times in year 2013 to 19.25 times in year 2014.
The company's Total
Asset Turnover is calculated as 0.72 times and 0.77 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.65.92 |
|
|
1 |
Rs.102.75 |
|
Euro |
1 |
Rs.75.13 |
INFORMATION DETAILS
|
Analysis Done by
: |
KAS |
|
|
|
|
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.