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|
MIRA
INFORM REPORT
|
Report No. : |
494194 |
|
Report Date : |
28.02.2018 |
IDENTIFICATION DETAILS
|
Name : |
THAI ROONG INTERBIZ CO., LTD. |
|
|
|
|
Registered Office : |
5th Floor, 8/1 Soi Chotiwat Soi 2, Bangsue, Bangkok 10800 |
|
|
|
|
Country : |
Thailand |
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|
|
|
Financials (as on) : |
31.12.2016 |
|
|
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Date of Incorporation : |
14.02.1989 |
|
|
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Com. Reg. No.: |
0105532013887 |
|
|
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|
Legal Form : |
Private
Limited Company |
|
|
|
|
Line of Business : |
The subject
is engaged in
importing, distributing and
exporting various kinds
of fabrics such
as cotton, polyester,
printed fabric, solid
spandex fabric, dyed
yarn and etc., as
well as garments. |
|
|
|
|
No. of Employees : |
24 |
RATING & COMMENTS
(Mira Inform has adopted New Rating mechanism w.e.f. 23rd January
2017)
|
MIRA’s Rating : |
A |
|
Credit Rating |
Explanation |
Rating Comments |
|
A |
Acceptable Risk |
Business dealings permissible with
moderate risk of default |
|
Status : |
Good |
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|
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Payment Behaviour : |
Regular |
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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
|
Country Name |
Previous Rating (30.09.2017) |
Current Rating (31.12.2017) |
|
Thailand |
A2 |
A2 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low Risk |
A2 |
|
Moderately Low Risk |
B1 |
|
Moderate Risk |
B2 |
|
Moderately High Risk |
C1 |
|
High Risk |
C2 |
|
Very High Risk |
D |
THAILAND - ECONOMIC
OVERVIEW
With a relatively well-developed infrastructure, a free-enterprise economy, and generally pro-investment policies, Thailand is highly dependent on international trade, with exports accounting for about two-thirds of GDP. Thailand’s exports include electronics, agricultural commodities, automobiles and parts, and processed foods. The industry and service sectors produce about 90% of GDP. The agricultural sector, comprised mostly of small-scale farms, contributes only 10% of GDP but employs about one-third of the labor force. Thailand has attracted an estimated 3.0-4.5 million migrant workers, mostly from neighboring countries.
Over the last few decades, Thailand has reduced poverty substantially. In 2013, the Thai Government implemented a nationwide 300 baht (roughly $10) per day minimum wage policy and deployed new tax reforms designed to lower rates on middle-income earners.
Thailand’s economy is recovering from slow growth during the years since the 2014 coup. Thailand’s economic fundamentals are sound, with low inflation, low unemployment, and reasonable public and external debt levels. Tourism and government spending - mostly on infrastructure and short-term stimulus measures – have helped to boost the economy, and The Bank of Thailand has been supportive, with several interest rate reductions.
Over the longer-term, household debt levels, political uncertainty, and an aging population pose risks to growth.
|
Source
: CIA |
Company name
THAI ROONG
INTERBIZ CO., LTD.
SUMMARY
BUSINESS ADDRESS : 5th FLOOR,
8/1 SOI CHOTIWAT
SOI 2,
BANGSUE, BANGKOK
10800, THAILAND
TELEPHONE
: [66] 2913-3380-3,
2913-3681, 098 419-9097
FAX :
[66] 2587-8053
E-MAIL ADDRESS : chai@tibco.co.th
REGISTRATION ADDRESS : SAME
AS BUSINESS ADDRESS
ESTABLISHED : 1989
REGISTRATION NO. : 0105532013887 [Former
: 1386/2532]
TAX ID NO. : 3101601411
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. CHAIRAT SUTHEECHITSIRI, THAI
MANAGING DIRECTOR
NO. OF
STAFF : 24
LINES OF
BUSINESS : FABRICS AND
GARMENT
IMPORTER, DISTRIBUTOR
AND EXPORTER
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
February 14, 1989 as
a private limited
company under the registered name
THAI ROONG INTERBIZ CO., LTD. by Thai groups. Its business
objective is to
import, distribute and
export fabrics and
garment. It currently
employs 24 staff.
The subject’s
registered address was
initially at 209-210
Rimklongprapa Rd., Bangsue,
Bangkok 10800.
On February
18, 2014, the
subject’s registered address
was relocated to 5th Floor,
8/1 Soi Chotiwat
Soi 2, Bangsue, Bangkok 10800, and
this is the
subject’s current operation address.
THE BOARD
OF DIRECTOR
|
Name |
|
Nationality |
Age |
|
|
|
|
|
|
Mr. Chairat
Sutheechitsiri |
[x] |
Thai |
56 |
|
Mrs. Nual-anong
Sutheechitsiri |
[x] |
Thai |
56 |
|
Mr. Suchat
Sutheechitsiri |
|
Thai |
50 |
|
Ms. Kee Saelee |
|
Thai |
76 |
AUTHORIZED PERSON
One of the
mentioned directors [x] can
sign on behalf
of the subject
with company’s affixed.
MANAGEMENT
Mr. Chairat Sutheechitsiri is
the Managing Director.
He is Thai
nationality with the
age of 56
years old.
Mrs. Nual-anong
Sutheechitsiri
is the Deputy
Managing Director and
Finance &
Accounting Manager.
She is Thai
nationality with the
age of 56
years old.
Mr. Somchai Sutheechitsiri is
the Deputy Managing
Director and Sales
&
Marketing Manager.
He is Thai
nationality.
BUSINESS OPERATIONS
The subject
is engaged in
importing, distributing and
exporting various kinds
of fabrics such
as cotton, polyester,
printed fabric, solid
spandex fabric, dyed
yarn and etc., as
well as garments.
PURCHASE
Most of the
products are purchased
from local manufacturers, the
remaining is imported
from Republic of
China, Indonesia, France,
Italy, India and
Vietnam.
EXPORT
The products are
exported to Malaysia,
Singapore, Hong Kong,
Japan, Korea, Taiwan,
Netherlands, Indonesia, Republic
of China, India,
Australia, Philippines, Peru
and
Pakistan.
SALES [LOCAL]
The products are
sold locally by
wholesale to traders
and garment manufacturers.
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 credits term
of 30-60 days.
Local bills are
paid by cash
or on the
credits term of
30-60 days.
Imports are by
T/T.
Exports are against
T/T.
BANKING
Bangkok Bank
Public Company Limited
Krung Thai
Bank Public Company
Limited
EMPLOYMENT
The subject
employs 24 staff.
LOCATION DETAILS
The premise
is owned for
administrative office at
the heading address.
Premise is located
in residential area.
COMMENT
The subject
was formed in
1989 as a
wholesale distributor of
fabrics. Its products are for traders
and garment industry. Slowdown
of consumer markets
both domestic and
exports has continued
to affect the
subject’s sales figures
in 2016, as
well as its business
growth would be at slow
pace this year. Nevertheless,
it operates a
moderate business with
sustainable profit.
FINANCIAL INFORMATION
The capital
was registered at
Bht. 1,000,000 divided into
10,000 shares of
Bht. 100
each.
On November
21, 2006, the
capital was increased
to Bht. 5,000,000 divided
into 50,000
shares of
Bht. 100 each with
fully paid.
THE SHAREHOLDERS
LISTED WERE : [as at
April 30, 2017]
|
NAME |
HOLDING |
% |
|
|
|
|
|
Mr. Chairat
Sutheechitsiri Nationality: Thai Address : 210 Rimklongprapa Road,
Bangsue, Bangkok |
40,002 |
80.00 |
|
Ms. Thananthorn
Sutheechitsiri Nationality: Thai Address : 18/9
Moo 7, Ladprao
Road, Bangkapi,
Bangkok |
7,997 |
15.99 |
|
Ms. Kee Saelee Nationality: Thai Address : 210
Rimklongprapa Road, Bangsue,
Bangkok |
1,000 |
2.00 |
|
Mr. Suchat
Sutheechitsiri Nationality: Thai Address : 111/426
Moo 11, Soi
Rewadee,
Tivanont Road, Taladkwan,
Muang,
Nonthaburi |
500 |
1.00 |
|
Mr. Somchai Sutheechitsiri Nationality: Thai Address : 210
Rimklongprapa Road, Bangsue, Bangkok |
500 |
1.00 |
|
|
|
|
|
Mr. Paluek
Sutheechitsiri Nationality: Thai Address : 210
Rimklongprapa Road, Bangsue,
Bangkok |
1 |
0.01 |
Total Shareholders
: 6
Share Structure [as at
April 30, 2017]
|
Nationality |
Shareholders |
No.
of Share |
% Shares |
|
|
|
|
|
|
Thai |
6 |
50,000 |
100.00 |
|
Foreign |
- |
- |
- |
|
Total |
6 |
50,000 |
100.00 |
NAME OF AUDITOR
& CERTIFIED PUBLIC
ACCOUNTANT NO. :
Mr. Sakeson
Siri-udompong No. 5013
financial
BALANCE SHEET [BAHT]
The latest
financial figures published
for December 31, 2016,
2015 and 2014 were:
ASSETS
|
Current
Assets |
2016 |
2015 |
2014 |
|
|
|
|
|
|
Cash and Cash
Equivalents |
21,865,247 |
36,047,384 |
9,121,874 |
|
Trade Accounts and
Other Receivable |
28,428,105 |
29,863,250 |
47,986,449 |
|
Inventories
|
14,763,555 |
26,230,805 |
25,803,468 |
|
Other Current Assets
|
418,042 |
1,041,336 |
1,371,885 |
|
Total Current Assets |
65,474,949 |
93,182,775 |
84,283,676 |
|
|
|
|
|
|
Investment for
Sales |
20,195,862 |
- |
- |
|
Property, Plant and Equipment |
8,673,464 |
8,426,437 |
5,315,141 |
|
Intangible Assets |
39,910 |
55,907 |
20,564 |
|
Other
Non-current Assets |
4,750 |
1,750 |
519,750 |
|
Total Assets |
94,388,935 |
101,666,869 |
90,139,131 |
LIABILITIES
& SHAREHOLDERS' EQUITY [BAHT]
|
Current
Liabilities |
2016 |
2015 |
2014 |
|
|
|
|
|
|
Bank Overdraft and Short-term Loan from Financial
Institution |
- |
- |
10,510,098 |
|
Trade Accounts
and Other Payable |
16,818,264 |
38,026,190 |
31,787,911 |
|
Current
Portion of Long-term
Liabilities |
340,080 |
316,456 |
- |
|
Accrued Income Tax |
2,479,979 |
2,558,247 |
2,428,958 |
|
Other Current Liabilities |
313,168 |
1,273,532 |
2,710,140 |
|
Total Current Liabilities |
19,951,491 |
42,174,425 |
47,537,107 |
|
|
|
|
|
|
Employee
Benefits Obligation |
3,651,743 |
3,427,929 |
3,226,549 |
|
Other Non-current Liabilities |
1,137,883 |
1,477,963 |
- |
|
Total Liabilities |
24,741,117 |
47,080,317 |
50,763,656 |
|
|
|
|
|
|
Shareholders’ Equity |
|
|
|
|
|
|
|
|
|
Share capital : Baht 100
par value authorized, and
issued share capital
50,000 shares |
5,000,000 |
5,000,000 |
5,000,000 |
|
Capital Paid
|
5,000,000 |
5,000,000 |
5,000,000 |
|
Retained Earning -Unappropriated [Deficit] |
64,471,748 |
49,586,552 |
34,375,475 |
|
Other Components of Equity |
176,070 |
- |
- |
|
Total Shareholders’
Equity |
69,647,818 |
54,586,552 |
39,375,475 |
|
Total
Liabilities and Shareholders’ Equity |
94,388,935 |
101,666,869 |
90,139,131 |
PROFIT &
LOSS ACCOUNT
|
Revenue |
2016 |
2015 |
2014 |
|
|
|
|
|
|
Sales or Services Income |
238,644,105 |
244,258,015 |
286,291,943 |
|
Other Income |
2,650,460 |
567,738 |
1,740,539 |
|
Total Revenues |
241,294,565 |
244,825,753 |
288,032,482 |
|
Expenses |
|
|
|
|
|
|
|
|
|
Cost of Goods
Sold or Services |
194,747,951 |
188,959,037 |
- |
|
Selling Expenses |
10,937,784 |
19,205,140 |
- |
|
Administrative Expenses |
16,670,421 |
17,340,559 |
- |
|
Other Expenses |
- |
- |
270,984,883 |
|
Total Expenses |
222,356,156 |
225,504,736 |
270,984,883 |
|
|
|
|
|
|
Profit /[Loss] before
Financial Cost & Income Tax |
18,938,409 |
19,321,017 |
17,047,599 |
|
Financial Cost |
[123,132] |
[149,975] |
[100,911] |
|
|
|
|
|
|
Profit /[Loss]
before Income Tax |
18,815,277 |
19,171,042 |
16,946,688 |
|
Income Tax Expenses |
[3,930,081] |
[3,959,965] |
[3,450,937] |
|
Net Profit / [Loss] |
14,885,196 |
15,211,077 |
13,495,751 |
FINANCIAL ANALYSIS
|
ITEM |
UNIT |
2016 |
2015 |
2014 |
|
|
|
|
|
|
|
LIQUIDITY
RATIO |
|
|
|
|
|
CURRENT RATIO |
TIMES |
3.28 |
2.21 |
1.77 |
|
QUICK RATIO |
TIMES |
2.52 |
1.56 |
1.20 |
|
|
|
|
|
|
|
ACTIVITY
RATIO |
|
|
|
|
|
FIXED ASSETS TURNOVER |
TIMES |
27.51 |
28.99 |
53.86 |
|
TOTAL ASSETS TURNOVER |
TIMES |
2.53 |
2.40 |
3.18 |
|
INVENTORY CONVERSION PERIOD |
DAYS |
27.67 |
50.67 |
- |
|
INVENTORY TURNOVER |
TIMES |
13.19 |
7.20 |
- |
|
RECEIVABLES CONVERSION PERIOD |
DAYS |
43.48 |
44.63 |
61.18 |
|
RECEIVABLES TURNOVER |
TIMES |
8.39 |
8.18 |
5.97 |
|
PAYABLES CONVERSION PERIOD |
DAYS |
31.52 |
73.45 |
- |
|
CASH CONVERSION CYCLE |
DAYS |
39.63 |
21.84 |
61.18 |
|
|
|
|
|
|
|
PROFITABILITY
RATIO |
|
|
|
|
|
COST OF GOODS SOLD |
% |
81.61 |
77.36 |
- |
|
SELLING & ADMINISTRATION |
% |
11.57 |
14.96 |
- |
|
INTEREST |
% |
0.05 |
0.06 |
0.04 |
|
GROSS PROFIT MARGIN |
% |
19.50 |
22.87 |
100.61 |
|
NET PROFIT MARGIN BEFORE EX. ITEM |
% |
7.94 |
7.91 |
5.95 |
|
NET PROFIT MARGIN |
% |
6.24 |
6.23 |
4.71 |
|
RETURN ON EQUITY |
% |
21.37 |
27.87 |
34.27 |
|
RETURN ON ASSET |
% |
15.77 |
14.96 |
14.97 |
|
EARNING PER SHARE |
BAHT |
297.70 |
304.22 |
269.92 |
|
|
|
|
|
|
|
LEVERAGE
RATIO |
|
|
|
|
|
DEBT RATIO |
TIMES |
0.26 |
0.46 |
0.56 |
|
DEBT TO EQUITY RATIO |
TIMES |
0.36 |
0.86 |
1.29 |
|
TIME INTEREST EARNED |
TIMES |
153.81 |
128.83 |
168.94 |
|
|
|
|
|
|
|
ANNUAL
GROWTH |
|
|
|
|
|
SALES GROWTH |
% |
(2.30) |
(14.68) |
|
|
OPERATING PROFIT |
% |
(1.98) |
13.34 |
|
|
NET PROFIT |
% |
(2.14) |
12.71 |
|
|
FIXED ASSETS |
% |
2.93 |
58.54 |
|
|
TOTAL ASSETS |
% |
(7.16) |
12.79 |
|
ANNUAL
GROWTH : RISKY
An annual sales growth is -2.3%. Turnover has decreased from
THB 244,258,015.00 in 2015 to THB 238,644,105.00 in 2016. While net profit has
decreased from THB 15,211,077.00 in 2015 to THB 14,885,196.00 in 2016. And
total assets has decreased from THB 101,666,869.00 in 2015 to THB 94,388,935.00
in 2016.
PROFITABILITY
: EXCELLENT
PROFITABILITY
RATIO
|
Gross Profit Margin |
19.50 |
Impressive |
Industrial
Average |
7.84 |
|
Net Profit Margin |
6.24 |
Impressive |
Industrial
Average |
1.91 |
|
Return on Assets |
15.77 |
Impressive |
Industrial
Average |
2.93 |
|
Return on Equity |
21.37 |
Impressive |
Industrial
Average |
7.39 |
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. Gross Profit Margin is 19.5%. 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. Net Profit
Margin ratio is 6.24%, 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. Return on Assets
ratio is 15.77%, higher figure when compared with those of its average
competitors in the same industry, indicated that business was an efficient
profit in a dominant position within its
industry.
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. Return on
Equity ratio is 21.37%, higher figure
when compared with those of its average competitors in the same industry,
indicated that business was an efficient profit
in a dominant position within its industry.
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 |
3.28 |
Impressive |
Industrial
Average |
1.76 |
|
Quick Ratio |
2.52 |
|
|
|
|
Cash Conversion Cycle |
39.63 |
|
|
|
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 3.28 times in 2016, increase from 2.21 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 2.52
times in 2016, increase from 1.56 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 40 days.
Trend
of the average competitors in the same industry for last 5 years
Current Ratio Uptrend
LEVERAGE
: EXCELLENT
LEVERAGE
RATIO
|
Debt Ratio |
0.26 |
Impressive |
Industrial
Average |
0.56 |
|
Debt to Equity Ratio |
0.36 |
Impressive |
Industrial
Average |
1.29 |
|
Times Interest Earned |
153.81 |
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 153.81 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 0.26 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
: EXCELLENT
ACTIVITY
RATIO
|
Fixed Assets Turnover |
27.51 |
Impressive |
Industrial
Average |
- |
|
Total Assets Turnover |
2.53 |
Impressive |
Industrial
Average |
1.54 |
|
Inventory Conversion Period |
27.67 |
|
|
|
|
Inventory Turnover |
13.19 |
Impressive |
Industrial
Average |
3.17 |
|
Receivables Conversion Period |
43.48 |
|
|
|
|
Receivables Turnover |
8.39 |
Impressive |
Industrial
Average |
3.41 |
|
Payables Conversion Period |
31.52 |
|
|
|
The company's Account Receivable Ratio is calculated as 8.39
and 8.18 in 2016 and 2015 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 2016 increased from 2015. 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 51 days at the end
of 2015 to 28 days at the end of 2016. This represents a positive trend. And
Inventory turnover has increased from 7.2 times in year 2015 to 13.19 times in
year 2016.
The company's Total Asset Turnover is calculated as 2.53
times and 2.4 times in 2016 and 2015 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 Downtrend
Receivables Turnover Uptrend
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
INR 64.85 |
|
|
1 |
INR 90.58 |
|
Euro |
1 |
INR 79.97 |
|
THB |
1 |
INR 2.08 |
Note :
Above are approximate rates obtained from sources believed to be correct
INFORMATION DETAILS
|
Analysis Done by
: |
NIS |
|
|
|
|
Report Prepared
by : |
TRU |
RATING EXPLANATIONS
|
Credit Rating |
Explanation |
Rating Comments |
|
A++ |
Minimum Risk |
Business dealings permissible with minimum
risk of default |
|
A+ |
Low Risk |
Business dealings permissible with low
risk of default |
|
A |
Acceptable Risk |
Business dealings permissible with
moderate risk of default |
|
B |
Medium Risk |
Business dealings permissible on a regular
monitoring basis |
|
C |
Medium High Risk |
Business dealings permissible preferably
on secured basis |
|
D |
High Risk |
Business dealing not recommended or on
secured terms only |
|
NB |
New Business |
No recommendation can be done due to business
in infancy stage |
|
NT |
No Trace |
No recommendation can be done as the
business is not traceable |
NB is stated where there is insufficient information to facilitate rating. However, it is not to be considered as unfavourable.
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 are as follows:
·
Financial
condition covering various ratios
·
Company
background and operations size
·
Promoters
/ Management background
·
Payment
record
·
Litigation
against the subject
·
Industry
scenario / competitor analysis
·
Supplier
/ Customer / Banker review (wherever available)
This report is issued at
your request without any risk and responsibility on the part of MIRA INFORM
PRIVATE LIMITED (MIPL) or its officials.