|
|
|
MIRA
INFORM REPORT
|
Report No. : |
509035 |
|
Report Date : |
16.05.2018 |
IDENTIFICATION DETAILS
|
Name : |
FOSHAN INTERNATIONAL TRADE CO., LTD. |
|
|
|
|
Registered Office : |
Floor 9, No. 8, Jinyuan Street, Fenjiang South Road, Chancheng
District, Foshan City, Guangdong Province |
|
|
|
|
Country : |
China |
|
|
|
|
Financials (as on) : |
31.12.2016 |
|
|
|
|
Date of Incorporation : |
22.02.1993 |
|
|
|
|
Unified Social Credit Code : |
91440600193537305M |
|
|
|
|
Legal Form : |
Limited Liabilities Company |
|
|
|
|
Line of Business : |
Subject is engaged in import and export business of goods. |
|
|
|
|
No. of Employees : |
60 |
RATING & COMMENTS
(Mira Inform has adopted New Rating mechanism w.e.f. 23rd
January 2017)
|
MIRA’s Rating : |
B |
|
Credit Rating |
Explanation |
Rating Comments |
|
B |
Medium Risk |
Business dealings permissible on a regular
monitoring basis |
|
Status : |
Moderate |
|
|
|
|
Payment Behaviour : |
Slow |
|
|
|
|
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) |
|
China |
A1 |
A1 |
|
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 |
CHINA - ECONOMIC OVERVIEW
Since the late 1970s, China has moved from a closed, centrally planned system to a more market-oriented one that plays a major global role. China has implemented reforms in a gradualist fashion, resulting in efficiency gains that have contributed to a more than tenfold increase in GDP since 1978. Reforms began with the phaseout of collectivized agriculture, and expanded to include the gradual liberalization of prices, fiscal decentralization, increased autonomy for state enterprises, growth of the private sector, development of stock markets and a modern banking system, and opening to foreign trade and investment. China continues to pursue an industrial policy, state support of key sectors, and a restrictive investment regime. Measured on a purchasing power parity (PPP) basis that adjusts for price differences, China in 2016 stood as the largest economy in the world, surpassing the US in 2014 for the first time in modern history. China became the world's largest exporter in 2010, and the largest trading nation in 2013. Still, China's per capita income is below the world average.
After keeping its currency tightly linked to the US dollar for years, China in July 2005 moved to an exchange rate system that references a basket of currencies. From mid-2005 to late 2008, the renminbi appreciated more than 20% against the US dollar, but the exchange rate remained virtually pegged to the dollar from the onset of the global financial crisis until June 2010, when Beijing announced it would allow a resumption of gradual liberalization. From 2013 until early 2015, the renminbi (RMB) appreciated roughly 2% against the dollar, but the exchange rate fell 13% from mid-2015 until end-2016 amid strong capital outflows in part stemming from the August 2015 official devaluation; in 2017 the RMB resumed appreciating against the dollar – roughly 7% from end-of-2016 to end-of-2017. From 2013 to 2017, China had one of the fastest growing economies in the world, averaging slightly more than 7% real growth per year. In 2015, the People’s Bank of China announced it would continue to carefully push for full convertibility of the renminbi, after the currency was accepted as part of the IMF’s special drawing rights basket. However, since late 2015 the Chinese Government has strengthened capital controls and oversight of overseas investments to better manage the exchange rate and maintain financial stability.
The Chinese Government faces numerous economic challenges including: (a) reducing its high domestic savings rate and correspondingly low domestic household consumption; (b) managing its high corporate debt burden to maintain financial stability; (c) controlling off-balance sheet local government debt used to finance infrastructure stimulus; (d) facilitating higher-wage job opportunities for the aspiring middle class, including rural migrants and college graduates, while maintaining competitiveness; (e) dampening speculative investment in the real estate sector without sharply slowing the economy; (f) reducing industrial overcapacity; and (g) raising productivity growth rates through the more efficient allocation of capital and state-support for innovation. Economic development has progressed further in coastal provinces than in the interior, and by 2016 more than 169.3 million migrant workers and their dependents had relocated to urban areas to find work. One consequence of China’s population control policy known as the “one-child policy” - which was relaxed in 2016 to permit all families to have two children - is that China is now one of the most rapidly aging countries in the world. Deterioration in the environment - notably air pollution, soil erosion, and the steady fall of the water table, especially in the North - is another long-term problem. China continues to lose arable land because of erosion and urbanization. The Chinese Government is seeking to add energy production capacity from sources other than coal and oil, focusing on natural gas, nuclear, and clean energy development. In 2016, China ratified the Paris Agreement, a multilateral agreement to combat climate change, and committed to peak its carbon dioxide emissions between 2025 and 2030.
The government's 13th Five-Year Plan, unveiled in March 2016, emphasizes the need to increase innovation and boost domestic consumption to make the economy less dependent on government investment, exports, and heavy industry. However, China has made more progress on subsidizing innovation than rebalancing the economy. Beijing has committed to giving the market a more decisive role in allocating resources, but the Chinese Government’s policies continue to favor state-owned enterprises and emphasize stability. Chinese leaders in 2010 pledged to double China’s GDP by 2020, and the 13th Five Year Plan includes annual economic growth targets of at least 6.5% through 2020 to achieve that goal. In recent years, China has renewed its support for state-owned enterprises in sectors considered important to "economic security," explicitly looking to foster globally competitive industries. Chinese leaders also have undermined some market-oriented reforms by reaffirming the “dominant” role of the state in the economy, a stance that threatens to discourage private initiative and make the economy less efficient over time. The slight acceleration in economic growth in 2017—the first such uptick since 2010—gives Beijing more latitude to pursue its economic reforms, focusing on financial sector deleveraging and its Supply-Side Structural Reform agenda, first announced in late 2015.
|
Source
: CIA |
INVESTIGATION RECORD
|
Name of Interviewee |
Ms. Liang |
|
Tel |
(86 757) 83394087 |
|
Investigation Way |
Telephone |
ORDER DETAILS & INVESTIGATION RESULTS
|
- |
Order Information |
Verification |
|
Name(English) |
FOSHAN INTERNATIONAL TRADE CO., LTD. |
Correct |
|
Address (English) |
8 IN YUAN STREET, FENJIANG NAN ROAD, ROSHAN GUANGDONG |
Inaccurate |
ABSTRACT
|
Name (English) |
FOSHAN INTERNATIONAL TRADE CO., LTD. (Given by Official
Sources) |
|
Unified Social Credit Code |
91440600193537305M |
|
AIC registration No. |
440600000021664 |
|
National Organization Code |
193537305 |
|
Company Status |
Operational |
|
Executive |
Xie Liping |
|
Registered Capital |
CNY 5,000,000.00 |
|
Date of Establishment |
1993-02-22 |
|
Employee |
60 |
|
Company Size |
Medium |
|
SIC (China) |
5100,Wholesale Industry |
|
Import and Export Enterprise Code |
4400193537305 |
|
Import/Export Permit |
Yes |
CONTACTS
|
Tel |
(86 757)83394087 |
|
E-mail |
17202235@qq.com |
|
Address |
Floor 9, No. 8, Jinyuan Street, Fenjiang South Road,
Chancheng District, Foshan City, Guangdong Province(Office) |
|
Address Post code |
528000 |
|
Ownership |
Rented |
GENERAL COMMENTS
|
RISK ANALYSIS |
|
Established in Feb. 1993 with registered capital of CNY
5,000,000.00, SC is mainly engaged in import and export business of goods.
With a long history, the company has accumulated certain industrial
experience. However, its shareholders are natural persons, and thus its
financing ability is limited and its ability to resist market risk is poor. According to SC's current financial information, the
company's operating income of 2016 increased greatly over that of 2015,
indicating its business volume increased and its business development
condition is good. SC's net profit margin in 2016 is at a low level, reflecting
its profitability is poor and needs to be improved further. The company's
turnover of total assets in 2016 is at a high level, showing its operating
ability is good. As of the end of 2016, SC's liabilities to assets ratio is
at a high level, indicating its long-term solvency is poor and its long-term
debt paying risk is high. |
REGISTRATION INFORMATION
|
Unified Social Credit Code |
91440600193537305M |
|
AIC registration No. |
440600000021664 |
|
Date of Establishment |
1993-02-22 |
|
Registered Address |
Floor 9, No. 8, Jinyuan Street, Fenjiang South Road,
Foshan City |
|
Registry |
Administration Bureau of Industry and Commerce – Foshan
City, Guangdong Province |
|
Legal Representative |
Xie Liping |
|
Legal Form |
Limited Liabilities Company |
|
Registered Capital |
CNY 5,000,000.00 |
|
Paid-in Capital |
CNY 5,000,000.00 |
|
Latest Year of Annual Report |
2016 |
|
Operation duration |
Perpetual |
|
Business Scope |
Self-running and agency of importing and exporting all
kinds of commodities and technology, excluding the goods and technology
forbidden to be exported by the government; Purchasing and sales of agricultural by-product (not
including commodities which are under exclusive rights or under special
control to purchase; with license); Sales of fireworks (operated with effective 'Fireworks
& firecrackers Trading (wholesale) license'; no storage facilities in
Guangdong Province); Storage; Wholesale: prepackaged foods, dairy products (including
infant formula milk powder); Wholesale of wine (with license). (Any project that needs to be approved by law can only
be carried out after getting approval by relevant authorities.) |
REGISTRATION CHANGES
|
- |
Date |
Item Changed |
From |
To |
|
1 |
2017-06-28 |
Legal representative |
Liu Zijian |
Xie Liping |
SHAREHOLDER INFORMATION
|
- |
Name |
% Ownership |
Capital Contributed |
Currency |
Investment Way |
Paid-in % |
Country |
|
1 |
Liu Zijian |
22.00 |
1,100,000.00 |
CNY |
Capital |
100 |
China |
|
2 |
Xie Liping |
16.00 |
800,000.00 |
CNY |
Capital |
100 |
China |
|
3 |
He Lin |
12.00 |
600,000.00 |
CNY |
Capital |
100 |
China |
|
4 |
Deng Wenqiang |
8.00 |
400,000.00 |
CNY |
Capital |
100 |
China |
|
5 |
Liu Jianhua |
8.00 |
400,000.00 |
CNY |
Capital |
100 |
China |
|
6 |
Peng Guangtong |
6.00 |
300,000.00 |
CNY |
Capital |
100 |
China |
|
7 |
Fu Hao |
6.00 |
300,000.00 |
CNY |
Capital |
100 |
China |
|
8 |
Deng Weihong |
4.00 |
200,000.00 |
CNY |
Capital |
100 |
China |
|
9 |
Chen Jingkun |
4.00 |
200,000.00 |
CNY |
Capital |
100 |
China |
|
10 |
Qi Weihong |
4.00 |
200,000.00 |
CNY |
Capital |
100 |
China |
|
11 |
Cai Qing |
4.00 |
200,000.00 |
CNY |
Capital |
100 |
China |
|
12 |
Zhang Yi |
4.00 |
200,000.00 |
CNY |
Capital |
100 |
China |
|
13 |
Zheng Xiangyan |
2.00 |
100,000.00 |
CNY |
Capital |
100 |
China |
|
Total |
|
100.0 |
5,000,000 |
|
|
|
|
ULTIMATE HOLDING
|
- |
Ultimate Shareholder |
Investment Way |
|
1 |
Liu Zijian |
Capital |
|
English Name |
Liu Zijian |
|
Country |
China |
|
Type |
Natural person shareholder |
|
Investment Way |
Capital |
|
Note |
Liu Zijian --22.00% FOSHAN INTERNATIONAL TRADE CO., LTD. |
No
branch information of subject is searched out from database.
No
investment information of subject is searched out from database.
MANAGEMENT
|
Name |
Xie Liping |
|
Position |
Executive Director; General Manager |
INVOLVEMENT
IN OTHER COMPANIES
|
- |
Name (English) |
License Status |
Legal Representative |
Position |
Type of Engagement |
|
1 |
FOSHAN TEA IMPORT &
EXPORT COMPANY LIMITED |
Operational |
YES |
Executive Director |
Directorship;
Investment(27.65%) |
|
Name (English) |
FOSHAN TEA IMPORT & EXPORT COMPANY LIMITED |
|
License Status |
Operational |
|
Name Of Legal Representative |
Xie Liping |
|
Registered Capital |
CNY 1,000,000.00 |
|
Country |
China |
|
Registration No. |
440602000058797 |
|
Unified Social Credit Code |
914406041903654649 |
|
Legal Form |
Limited Liabilities Company |
|
Share Holding |
276,500.00 |
|
Currency Of Share Holding |
CNY |
|
Way of Investment |
Capital |
|
% Ownership |
27.65 |
|
Position |
Executive Director |
|
Date of Establishment |
1993-08-04 |
MANAGEMENT
|
- |
Name |
Position |
Gender |
|
1 |
Xie Liping |
Executive Director; General Manager |
- |
|
- |
Name |
Position |
Gender |
|
1 |
Xie Liping |
Executive Director; General
Manager |
- |
|
2 |
JUDICIAL INFORMATION
As
of the reporting date, no related record about subject is found through below
sources:
A.
Website of China Court Organization;
B.
Websites of local courts of subject's location;
C.
Websites of major domestic courts;
As
of the reporting date, no related record about subject is found through below
sources:
A.
Website of China Court Organization;
B.
Websites of local courts of subject's location;
C.
Websites of major domestic courts;
CIVIL & COMMERCIAL TRIAL PROCESS
As
of the reporting date, no related record about subject is found through below
sources:
A.
Website of China Court Organization;
B.
Websites of local courts of subject's location;
C.
Websites of major domestic courts;
CIVIL & COMMERCIAL JUDGMENT DOCUMENT
As
of the reporting date, no related record about subject is found through below
sources:
A.
Website of China Court Organization;
B.
Websites of local courts of subject's location;
C.
Websites of major domestic courts;
ADMINISTRATIVE ILLEGAL RECORDS
As
of the reporting date, no related record about subject is found through below
sources:
A.
Website of China Court Organization;
B.
Websites of local courts of subject's location;
C.
Websites of major domestic courts;
OPERATION INFORMATION
|
Main Business |
Import and export of goods. |
|
Products & Service |
SC is mainly engaged in import and export business of
goods. Its products are various, including hardware, mechanical and
electrical products, textile fabrics, fireworks and firecrackers, furniture,
building materials, ceramics, lamps, daily necessities, gifts, textiles,
crafts, chemical products, paper products, bamboo and wood products,
horticultural products, various kinds of food, agricultural products, etc. In
addition, the company can also provide import and export agency services for
customers, including customs declaration, inspection, export tax rebate and
other services. |
OPERATION FACILITIES
|
Business Address |
Floor 9, No. 8, Jinyuan Street, Fenjiang South Road,
Chancheng District, Foshan City, Guangdong Province(Office) |
|
Tel |
(86 757)83394087 |
|
E-mail |
17202235@qq.com |
|
Post code |
528000 |
|
Environment |
Urban Area |
|
Ownership |
Rented |
|
Traffic Condition |
Convenient |
|
Region |
Products |
Customer Type |
Number of Customers |
Payment Terms |
Region |
Percentage |
|
|
Domestic |
Polyethylene, textile fabrics, etc. |
Garment factories, chemical factories, traders, etc. |
More than 10 |
Credit payment, prompt payment, etc. |
All over China |
20 |
|
|
International |
Building materials, hardware products, mechanical and
electrical products and other products |
Traders, etc. |
More than 50 |
L/C, T/T, etc. |
North America, Europe, Southeast Asia, Australia, South
America, the Middle East and Hong Kong, Macao and Taiwan, etc. |
80 |
|
|
OTHER INFORMATION |
SC's products are sold to both domestic market and
international market. Its products are mainly sold to international market
and its international market includes Vietnam, Malaysia, Pakistan, Arabia,
United Arab Emirates, Taiwan and other countries and regions. The company's
products are mainly sold to garment factories, chemical factories, traders,
etc. And currently, the company has established certain sales network. |
||||||
|
Region |
Main Products Purchased |
Number of Suppliers |
Payment Terms |
Region |
Percentage |
|
|
Domestic |
Building materials, hardware products, mechanical and
electrical products and other products |
More than 20 |
Credit payment, prompt payment, etc. |
Guangdong Province and surrounding areas |
80 |
|
|
International |
Polyethylene, textile fabrics, etc. |
More than 10 |
L/C, T/T, etc. |
Thailand, Pakistan, the United States, Malaysia, India,
Indonesia and other countries and regions |
20 |
|
|
OTHER INFORMATION |
SC's purchasing business is developed in both domestic
market and international market. Most products are purchased from Guangdong
Province and surrounding areas. Its international purchasing market includes
Thailand, Pakistan, the United States, Malaysia, India, Indonesia and other
countries and regions. Currently, the company's cooperative suppliers include
many manufacturers and traders, etc. The company has established stable
purchasing channels. |
|||||
NOTE TO CREDIT RECORD
|
Note |
ELECTRICITY
CONSUMPTION RECORD
No
electricity consumption record of subject can be obtained as the electricity
consumer may not be filed with subject's name.
QUALIFICATIONS & TRENDS
|
EXPORT/IMPORT
PERMIT |
Yes |
IMPORT /
EXPORT DETAILS
|
2016
Import / Export Volume (USD 1,000) |
|
|
Import
Volume |
Export
Volume |
|
29,452.00 |
44,307.00 |
|
|
||||||||||||||||
|
|
||||||||||||||||
|
|
||||||||||||||||
|
|
||||||||||||||||
|
2015
Import / Export Volume (USD 1,000) |
|
|
Import
Volume |
Export
Volume |
|
41,430.00 |
165,858.00 |
|
|
||||||||||||||||
|
|
||||||||||||||||
|
|
||||||||||||||||
|
|
||||||||||||||||
|
Employee
Number |
60 |
|
OTHER
INFORMATION |
The above
information was verified by SC's staff. |
ADMINISTRATIVE
INFORMATION
ADMINISTRATIVE
LICENSES & IDENTIFICATIONS
|
- |
License
No. |
License
Name |
|
1 |
1619N54089 |
People's
Republic of China automatic import license |
|
2 |
060402SPJY000308 |
Food
business license |
|
License
No. |
1619N54089 |
|
License
Name |
People's
Republic of China automatic import license |
|
Issuing
date |
2016-11-04 |
|
Expire
date |
2017-05-04 |
|
Issuing
party |
Business
Hall - Guangdong Province |
|
License
Content |
Automatic
import permission management of goods import under catalogue |
|
License
No. |
060402SPJY000308 |
|
License
Name |
Food
business license |
|
Issuing
date |
2016-03-24 |
|
Expire
date |
2021-03-23 |
|
Issuing
party |
Food and
Drug Administration - Foshan City |
ABNORMAL TAX PAYER
As of the
reporting date, no related record about subject is found through below sources:
A. Website
of Tax Bureau of China;
B. Website
of local Tax Bureau of subject's location;
C. Taxpayer
information of database.
TAX ARREARS LIST
As of the
reporting date, no related record about subject is found through below sources:
A. Website
of Tax Bureau of China;
B. Website
of local Tax Bureau of subject's location;
C. Taxpayer
information of database.
DEBT ARREARS LIST
As of the
reporting date, no related record about subject is found through below sources:
A. Major
telecommunication operators of China;
B.
Telecommunication information of database.
FINANCIAL INFORMATION
DETAILED
FINANCIAL INFORMATION (UNIT: CNY 1,000)
Financial
Note: Due to the lack of a clear government policy regarding the transparency
of enterprise financial information, some financial items might be missing in
the financial statements, causing possible inequality between the sum of the
provided items and the provided total numbers.
|
Assets |
|
|
|
Year |
2015-12-31 |
2016-12-31 |
|
Report
Type |
Annual
Report |
Annual
Report |
|
Statement
Type |
Individual |
Individual |
|
Source |
AIC |
AIC |
|
Audited or
Not |
Unknown |
Unknown |
|
Total
Assets |
52,062 |
110,822 |
|
Liabilities |
|
|
|
Year |
2015-12-31 |
2016-12-31 |
|
Total
Liabilities |
45,704 |
102,410 |
|
Total
Owner’s Equity |
6,358 |
8,412 |
|
Total
Liabilities and Owner's Equity |
52,062 |
110,822 |
|
Income Statement |
|
|
|
Year |
2015-12-31 |
2016-12-31 |
|
Operating
Income |
909,754 |
1,769,161 |
|
Total
Profit |
746 |
1,413 |
|
Income Tax |
176 |
228 |
|
Net Profit |
570 |
1,185 |
GROWTH RATE
OF MAJOR FINANCIAL
|
|
2015 |
Growth(%) |
2016 |
|
Operating
Income |
909,754 |
94.47 |
1,769,161 |
|
Total
Assets |
52,062 |
112.87 |
110,822 |
|
Total
Profit |
746 |
89.41 |
1,413 |
|
Net Profit |
570 |
107.89 |
1,185 |
|
Total
Liabilities |
45,704 |
124.07 |
102,410 |
|
Total
Owner’s Equity |
6,358 |
32.31 |
8,412 |
IMPORTANT
RATIO
|
Profitability |
2015 |
2016 |
|
Return on
net assets (%) |
8.97 |
14.09 |
|
Return on
total assets (%) |
1.09 |
1.07 |
|
Net profit
margin (%) |
0.06 |
0.07 |
|
Operation
capacity |
2015 |
2016 |
|
Turnover
of total assets |
17.47 |
15.96 |
|
Solvency |
2015 |
2016 |
|
Liabilities
to assets ratio (%) |
87.79 |
92.41 |
|
Development
capacity |
2015 |
2016 |
|
Yearly
Growth of Operating Income (%) |
- |
94.47 |
|
Yearly
growth of total assets (%) |
- |
112.87 |
FINANCIALS
& ANALYSIS
|
Financial
Note |
1.
Subject’s detailed financial information of 2015 and 2016 is unavailable
through all available channels. Subject’s staff was contacted but declined to
provide relevant financial information. Hence only subject’s financial
summaries of 2015 and 2016 obtained from AIC source are provided for client’s
reference. 2.
Subject's operating income in 2016 increased greatly over that in 2015, which
is because subject's business development in 2016 was good, and the increase
in volume of business leads to the increase in operating income. |
INDUSTRY INFORMATION
|
SIC (China) |
5100,Wholesale Industry 【Major】 |
|
ISIC |
4600,Wholesale trade, except of motor vehicles and
motorcycles |
|
NACE |
46,Wholesale trade, except of motor vehicles and
motorcycles |
|
- |
2015 |
Subject |
Best(10%) |
Average |
Worst(10%) |
|
Solvency |
Liabilities to Assets Ratio (%) |
87.79 |
49.50 |
58.50 |
81 |
|
Current ratio |
- |
2.68 |
1.60 |
0.80 |
|
|
Quick ratio |
- |
1.67 |
1.01 |
0.49 |
|
|
Development Capacity |
Yearly Growth of Operating Income (%) |
- |
27.78 |
6.72 |
-12.06 |
|
Yearly Growth of Gross Profit (%) |
- |
28.90 |
6.27 |
-15.39 |
|
|
Yearly Growth of Total Assets (%) |
- |
25.54 |
9.86 |
-17.10 |
|
|
Profitability |
Return on net assets (%) |
8.97 |
17.92 |
8.62 |
-8.55 |
|
Return on total assets (%) |
1.09 |
9.41 |
4.70 |
-6.48 |
|
|
Gross profit margin (%) |
- |
16.91 |
3.70 |
0.22 |
|
|
Operation Capacity |
Turnover of total assets |
17.47 |
4.70 |
1.90 |
0.34 |
|
Turnover of current assets |
- |
8.18 |
3.70 |
1.34 |
|
|
Turnover days of account receivable |
- |
13.62 |
26.34 |
90 |
|
- |
2016 |
Subject |
Best(10%) |
Average |
Worst(10%) |
|
Solvency |
Liabilities to Assets Ratio (%) |
92.41 |
50.49 |
60.26 |
78.57 |
|
Current ratio |
- |
2.73 |
1.65 |
0.77 |
|
|
Quick ratio |
- |
1.70 |
1.04 |
0.48 |
|
|
Development Capacity |
Yearly Growth of Operating Income (%) |
94.47 |
28.33 |
6.92 |
-11.70 |
|
Yearly Growth of Gross Profit (%) |
- |
29.47 |
6.46 |
-14.93 |
|
|
Yearly Growth of Total Assets (%) |
112.87 |
26.05 |
10.15 |
-16.59 |
|
|
Profitability |
Return on net assets (%) |
14.09 |
18.28 |
8.88 |
-8.29 |
|
Return on total assets (%) |
1.07 |
9.60 |
4.85 |
-6.29 |
|
|
Gross profit margin (%) |
- |
17.25 |
3.81 |
0.22 |
|
|
Operation Capacity |
Turnover of total assets |
15.96 |
4.80 |
1.96 |
0.33 |
|
Turnover of current assets |
- |
8.34 |
3.81 |
1.30 |
|
|
Turnover days of account receivable |
- |
13.89 |
27.13 |
87.30 |
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
INR 67.52 |
|
|
1 |
INR 91.48 |
|
Euro |
1 |
INR 80.52 |
|
CNY |
1 |
INR 10.65 |
Note :
Above are approximate rates obtained from sources believed to be correct
INFORMATION DETAILS
|
Analysis Done by
: |
VAR |
|
|
|
|
Report Prepared
by : |
DNS |
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.