MIRA
INFORM REPORT
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Report Date : |
12.11.2008 |
IDENTIFICATION
DETAILS
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Name : |
HONG JIN HJC CORPORATION |
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Registered Office : |
54-2, Seo-ri, Idong-myeon, Cheoin-gu, Yongin-si, Gyeonggi-do 449-834 |
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Country : |
Korea |
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Financials (as on) : |
31.12.2007 |
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Date of Incorporation : |
05.09.1992 |
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Com. Reg. No.: |
135-81-09475 |
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Legal Form : |
Company Limited by Shares |
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Line of Business : |
Manufacture of Other Plastic Products |
RATING &
COMMENTS
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MIRA’s Rating : |
Ba |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
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Status : |
Good |
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Payment Behaviour : |
Regular |
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Litigation : |
Exists |
Basic
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Company
Name |
HONG JIN HJC CORPORATION |
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Registered Address/Factory |
54-2, Seo-ri, Idong-myeon, Cheoin-gu,
Yongin-si, Gyeonggi-do, Korea |
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Zip Code |
449-834 |
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Tel |
+82-31-333-5451~3 |
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Fax |
+82-31-333-8063 |
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E-mail |
master@hjc-helmet;freeway622@hjc-helmet.com |
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Website |
www.hjc-helmet.com |
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Trading Address |
54-2, Seo-ri, Idong-myeon, Cheoin-gu,
Yongin-si, Gyeonggi-do, Korea |
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Tel |
+82-31-333-5451~3 |
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Fax |
+82-31-333-8063 +82-31-339-4104 |
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Other Address |
San 12-15,
Simi-ri, Ridong- myeon, Yongin-Si Gyeonggi-do, Korea |
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Tel |
+82-31-336-5451 |
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Type |
Export |
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Industry |
Manufacture of Other Plastic Products n.e.c. |
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Main Business |
Motorcycle Helmets |
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Established (mm/dd/yyyy) |
09/05/1992 |
The Subject owns
the premises of registered HQ address/Factory.
Detailed Products
|
Activity |
Detailed Products (UNSPSC) |
|
Sell |
Motorcycle helmets(46181705) |
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Sell |
Safety helmets(46181704) |
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Buy |
Resins(13111000) |
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Buy |
Polycarbonate resin(13111012) |
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Buy |
Acrylonitrile butadiene styrene
resin(13111004) |
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Buy |
Buckles(53141504) |
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Buy |
Coating paints(31211504) |
CEO’s
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Name |
Ahn Joong-Koo |
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Address |
6, Byeoryang-dong, Gwacheon-si, Gyeonggi-do,
Korea |
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Date of Birth |
11/20/1956 |
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Title |
Co-President & CEO |
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Sex |
Male |
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Nationality |
Korean |
Profiles
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Capital |
5,100,000,000 KRW |
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Employees |
263 |
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Formation |
Co., Ltd by shares |
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Bank Details |
Industrial Bank of Korea-Yongin Branch Korea Exchange Bank |
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Corporate Registered No. |
134511-0011079 |
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Business Registered No. |
135-81-09475 |
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Permit & Licenses |
1986 KS Mark 1994 JIS Mark 08/1998 ISO 9001 2003 ISO 9001 by TUV 2005 ISO 14001 by TUV Int’l Trade No.: 976141 |
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Shareholder Position |
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Company History |
01/03/2005 - Changed Korean company name to
the present name 03/01/2003 Spun off the par value to 1,000
KRW from 5,000 KRW 01/28/2003 Increased the authorized shares
to 25,000,000 shares from 5,000,000 shares 2003 - ISO 9001/2000 System Conversion
Certificate (TUV) 10/22/2002 Increased the authorized shares
to 5,000,000 shares from 2,400,000 shares 08/19/2002 Changed company name to HJC
Corporation from Hong Jin Crown Co., Ltd. 2002 - TUV ISO9001/TUV RTL(European Road
Traffic Law) 2002 - ISO 14000 Environmental Certificate
in Zurich, Switzerland 2001 - ECE R22.05 E1(ECE) - KBA in Germany 11/31/2000 - Awarded Golden Top Industrial
Decoration 2000 - SNELL M2000 (Snell Foundation in
U.S.A) 2000 - ECE R22.05 E9(ECE) - MINER in Spain 1998 - ISO9001 (Korean Foundation Quality) 1997 - BS4110 (British Standards) - Kite mark 08/01/1996 Acquired Hong Jin Crown Co.,
Ltd. 1996 - NF-PLUS (French Industrial
Standards) 1995 - SNELL M-95 (Snell Foundation in
U.S.A) 1995 - ECE R22.04 E14 - BAP in Switzerland 1995 - NBR 7471 (Brazil Standards) 1995 - AS1609 (Australian standards) –
Standards Mark 1994 - Registered in SG(Safety Goods)
Association 1994 - Registered as SG Mark Factory 1994 - Registered in MFJ (Japanese Motor
Sports Association) 1994 - JIS T8133 (Japanese Industrial Standards) 1993 - ECE R22.03 E13 – Luxemburg 1992 - Registered in OMK (German Motor
Sports Association) 1992 - AS1698 (Australian Helmet
Standards) – Standards Mark 1991 - ECE R22.03 E14 – BAP in Switzerland 1991 - SNELL M-90 (Snell Foundation in
U.S.A) 1990 - NF (French Industrial Standards) 1987 - SNELL M-85 (Snell Foundation in
U.S.A) 1986 - KS G7001 (Korean Industrial
Standards) 1984 - DOT Helmet Standards - FMVSS NO.218 |
Management
|
Job Description |
Title |
Name |
Sex |
Nationality |
Inauguration Day |
|
Co-President & CEO |
Mr. |
Ahn Joong-Koo |
Male |
Korean |
04/29/2008 |
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Director |
Mr. |
Hong Seok-Jung |
Male |
Korean |
04/29/2008 |
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Director |
Mr. |
Hong Yoon-Ki |
Male |
Korean |
03/03/2003 |
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Director |
Mr. |
Hong Soo-Ki(Scott) |
Male |
USA |
04/29/2008 |
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Auditor |
M/S. |
Kim Hee-Ki |
Female |
Korean |
03/03/2003 |
Financials
Unit: KRW
|
Year |
Sales |
Assets |
Net income |
|
66,484,357,537 |
96,265,149,034 |
3,446,642,689 |
|
|
2006 |
91,889,651,420 |
98,070,506,163 |
5,429,118,991 |
|
2005 |
90,187,094,866 |
89,694,765,469 |
1,561,594,761 |
|
2004 |
128,864,170,434 |
90,191,642,252 |
10,514,925,227 |
|
2003 |
102,291,493,873 |
81,275,507,193 |
10,829,913,673 |
Financial Description
Unit: KRW
|
Authorized
Capital |
25,000,000,000 |
|
Paid-Up
Capital |
5,100,000,000 |
|
Total Issues Shares |
5,100,000 |
Balance
Sheet
|
Unit : Korean Won |
As of 12/31/2007 |
As of 12/31/2006 |
As of 12/31/2005 |
|
Total Assets |
96,265,149,034 |
98,070,506,163 |
89,694,765,469 |
|
Current Assets |
48,238,508,052 |
55,470,090,337 |
47,257,452,047 |
|
-Quick Assets |
39,401,991,653 |
45,121,333,901 |
38,217,778,135 |
|
-Inventories |
8,836,516,399 |
10,348,756,436 |
9,039,673,912 |
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Fixed Assets |
48,026,640,982 |
42,600,415,826 |
42,437,313,422 |
|
-Investment |
20,212,872,043 |
16,351,254,349 |
18,023,896,002 |
|
-Tangibles |
24,938,497,200 |
24,161,906,931 |
24,063,258,877 |
|
-Intangibles |
321,948,458 |
441,002,507 |
350,158,543 |
|
-Others |
2,553,323,281 |
1,646,252,039 |
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Total Liabilities |
14,594,377,338 |
18,804,701,774 |
15,590,212,347 |
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Current Liabilities |
12,839,857,791 |
17,080,921,845 |
13,964,516,047 |
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Fixed Liabilities |
1,754,519,547 |
1,723,779,929 |
1,625,696,300 |
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Capital Stock |
5,100,000,000 |
5,100,000,000 |
5,100,000,000 |
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Capital Surplus |
1,826,893,071 |
1,826,893,071 |
1,826,893,071 |
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Profit Surplus |
70,535,700,798 |
72,505,255,554 |
67,076,136,563 |
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Capital Adjustment |
4,208,177,827 |
-166,344,236 |
101,523,488 |
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Total Equity |
81,670,771,696 |
79,265,804,389 |
74,104,553,122 |
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Liab. &
Shareholder’s Equity |
96,265,149,034 |
98,070,506,163 |
89,694,765,469 |
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Current
Liabilities |
12,839,857,791 |
17,080,921,845 |
13,964,516,047 |
|
Trade Payables |
10,096,911,213 |
11,749,108,507 |
11,486,442,445 |
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Account Payables |
1,458,099,899 |
2,686,937,346 |
1,490,953,688 |
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Withholdings |
108,957,550 |
227,572,250 |
126,902,800 |
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Advance receipts |
126,295,659 |
253,543,377 |
860,217,114 |
|
Accrued Income Tax |
1,049,593,470 |
2,163,760,365 |
- |
|
Fixed
Liabilities |
1,754,519,547 |
1,723,779,929 |
1,625,696,300 |
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Long-Term Borrowings |
205,760,000 |
133,760,000 |
307,629,910 |
|
Provision for Severance &
Retirement |
2,960,495,492 |
3,448,051,972 |
2,959,165,798 |
|
Guarantee Deposit Received |
495,600,000 |
418,100,000 |
389,100,000 |
Income
Statement
|
Unit : Korean Won |
As of 12/31/2007 |
As of 12/31/2006 |
As of 12/31/2005 |
|
Sales |
66,484,357,537 |
91,889,651,420 |
90,187,094,866 |
|
Cost of Sold Goods |
57,692,976,661 |
72,803,897,930 |
71,298,060,753 |
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Gross Profit |
8,791,380,876 |
19,085,753,490 |
18,889,034,113 |
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Selling & Admin. Expenses |
10,233,053,296 |
10,764,077,462 |
10,377,165,136 |
|
Operating Income |
-1,441,672,420 |
8,321,676,028 |
8,511,868,977 |
|
Non-Operating Income |
9,505,544,513 |
2,859,037,688 |
1,471,269,199 |
|
Non-Operating expenses |
3,848,866,695 |
4,319,282,014 |
8,185,263,119 |
|
Ordinary Income |
4,215,005,398 |
6,861,431,702 |
1,797,875,057 |
|
Special Income |
- |
- |
- |
|
Income Before Taxes |
4,215,005,398 |
6,861,431,702 |
1,797,875,057 |
|
Income Taxes Expenses |
768,362,709 |
1,432,312,711 |
236,280,296 |
|
Net Income |
3,446,642,689 |
5,429,118,991 |
1,561,594,761 |
Cash
Flows
|
Unit : Korean Won |
As of 12/31/2007 |
As of 12/31/2006 |
As of 12/31/2005 |
|
Cash Flows from Operating |
(-)980,533,235 |
4,222,336,240 |
1,494,459,218 |
|
-Net Income |
3,446,642,689 |
5,429,118,991 |
1,561,594,761 |
|
-Exp. without Cash Outflow |
7,364,432,717 |
6,983,277,966 |
6,606,067,193 |
|
-Revenue
without Cash Inflows |
(-)7,011,183,826 |
(-)1,242,989,147 |
(-)509,817,595 |
|
-Changes in
Asset/ & Liability |
(-)4,780,424,815 |
(-)6,947,071,570 |
(-)6,163,385,141 |
|
Cash Flows
from Investing |
2,340,108,189 |
(-)4,034,216,720 |
(-)3,999,230,914 |
|
-Cash Inflow
from Investing |
9,849,446,905 |
2,213,953,430 |
6,571,739,189 |
|
-Cash Outflows
for Investing |
(-)7,509,338,716 |
(-)6,248,170,150 |
(-)10,570,970,103 |
|
Cash Flows
from Financing |
(-)1,890,500,000 |
95,880,000 |
(-)2,398,937,770 |
|
-Cash
Inflows from Financing |
224,500,000 |
117,880,000 |
184,880,000 |
|
-Cash Outflows
from Financing |
(-)2,115,000,000 |
(-)22,000,000 |
(-)2,583,817,770 |
|
Increase/Decrease
in Cash |
(-)530,925,046 |
283,999,520 |
(-)4,903,709,466 |
|
Cash at the
Beginning of Year |
1,447,822,520 |
1,163,823,000 |
6,067,532,466 |
|
Cash at the End of Year |
916,897,474 |
1,447,822,520 |
1,163,823,000 |
Products, Technologies, Services
Description
|
Main
Products & Services |
The Subject specializes in manufacturing
motorcycle helmets. Full-Face Street Helmets Off Road Helmets Open-Face/Cruiser Helmets Snowmobile Helmets Accessories Brand Name : HJC |
Trade
Partners
|
Competitors |
KBC CORPORATION RM. 2-1, 14TH FL., HANSHIN IT TOWER 2-CHA,
60-18, GASAN-DONG, GEUMCHEON-GU, SEOUL, KOREA TEL:+82-2-555-8511 FAX:+82-2-555-0351 TAEYOUNG INC. 542, JUNGNEUNG-RI, WONSAM-MYEON, CHEOIN-GU,
YONGIN-SI, GYEONGGI-DO, KOREA TEL:+82-31-339-9183~5 FAX:+82-31-334-8512 MAEX CORPORATION 6TH FL., QUBIC DESIGN BLDG., 525-10,
SINSA-DONG, GANGNAM-GU, SEOUL, KOREA TEL:+82-2-549-1837~8 FAX:+82-2-549-1839 |
Related Parties (Subsidiaries,
Joint-Venture & Affiliates)
|
Affiliates |
HJC GERMANY HONGWOO CO., LTD. J-TECH CORP.(134511-0026383) HONG JIN CYCLE CORPORATION(110111-0326458) VISION CASTLE CO., LTD. |
|
Overseas Branch |
HONGJIN (BEIJING) SPORTS GOODS CO., LTD. (100.0% held by the subject company) CHINA 1ST FACTORY LOCATION: SHUNYI DISTRICT, BEIJING, CHINA TEL: 86-10-6141-1481 FAX: 86-10-6141-1319 LAND - 11,659.2㎡, BUILDING -
4,861㎡ CHINA 2ND FACTORY LOCATION: SHUNYI DISTRICT, BEIJING, CHINA TEL: 86-10-6144-4540 FAX: 86-10-6144-3974 LAND - 28,153㎡, BUILDING - 9,086㎡ |
|
Subsidiary |
HJC AMERICA, INC. (100.0% held by the subject company) 16918 EDWARDS RD., CERRITOS, CA 90703 TEL: 1-562-407-2186 FAX: 1-562-802-7706 E-MAIL: SHIN@HJCHELMETS.COM HJC EUROPE (100.0% held by the subject company) 14 RUE DE L'ATOME, 67800 BISCHHEIM, FRANCE TEL: 33-03-90-20-32-71 FAX:
33-03-90-20-32-79 HJCV-VIETNAM (100.0% held by the subject company) MMTC (75.0% held by the subject company) |
|
Distributors |
USA CASTLE SALES 1037 WAUBE LANE, GREEN BAY, WI 54304 TEL:+920- 336-7800 FAX:+920-336-8563 HELMET HOUSE -CALIFORNIA 26855 MALIBU HILLS RD. CALABASAS HILLS, CA
91301 TEL:+818-880-0000 FAX:+818-880-4550 -TENNESSEE MEMPIHS TEL:+901-363-6333 SULLIVANS -MASSACHUSETTS 121 FRANKLIN ST. HANSON, MA 02341 TEL:+800-343-5984 FAX:+781-294-8333 ALABAMA -BESSEMER TEL:+800-874-9778 FAX:+205-322-6196 NEVADA -RENO TEL:+800-447-7505 FAX:+775-359-4449 CANADA PARTS CANADA -ONTARIO 3935 CHEESE FACTORY RD, ONTARIO CANADA
N6N1G2 TEL:+519-644-0202 CALGARY 2916-21 STREET NE CALGARY, ALBERTA T2E 6Z2 TEL:+403-250-6611 FAX:+403-291-6139 FRANCE HJC EUROPE 14, RUE DE L'ATOME, 67800 BISCHHEIM, FRANCE TEL:+33 (0)3 90 22 74 00 FAX:+33 (0)3 90 22
09 12 AUSTRIA TAKE PARTS TAKE PARTS HANDELSGMBH. SCHEITERBACHSTRASE
11, A-5230 MATTIGHOFEN, AUSTRIA TEL:+43 7742 59290-20 FAX:+43 7742 59290 20 GREECE COLORI 333 VOULIAGMENIS AVE,163 46 ATHENS, GREECE TEL:+(30)-210-9716371 FAX:+(30)-210-9752484 DENMARK MC SELECT JENS GRONS VEJ 23 DK-7100 VEJLE DENMARK TEL:+45 75 85 99 77 FAX:+45 7671 4010 FINLAND ALL RIGHTY OY OFFICE: AMERINTIE 1, FIN-04320, TUUSULA,
FINLAND STORE: VIRKATIE 7, FIN-01510, VANTAA,
FINLAND TEL:+358 9 8770 5020 FAX:+358 9 8770 5099 |
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GERMANY HJC GERMANY IM TAUBENTAL 15A, D-41468 NEUSS TEL:+49 2131 / 523 56-0 FAX:+49 2131 / 523 56-20 NETHERLANDS SPLASH DESIGN DE AMERT 702 5462GH VEGHEL HOLLAND TEL:+44 1865 852 000 FAX:+44 1865 852 024 ITALY WHITE BLUE AGENCY VIALE DANTE 3 23900 LECCO TEL:+39 0341 287 553 FAX:+39 0341 373 265 NORWAY AS KELLOX DANIEL FDEZ CRESPO 225211800 MONTEVIDEO
URUGUAY TEL:+47 64 97 6142 FAX:+47 64 97 61 92 PORTUGAL A.J.S.P. RUA ROY CAMPBELL, LOTE 2-1ºE AJUDA
1300-504, LISBOA, PORTUGAL TEL:+351 213 618 098 FAX:+351 213 618 097 RUMANIA SC SCORPIO-AZ MOTORS STREET VIDIN NUMBER 3 BLOCK 51, APARTAMENT,
SECTOR 3, BUCHAREST, RUMANIA TEL:+40 (0)722 244 444 FAX:+40 (0)212 552
306 RUSSIA USKORITEL UL. SMOL'NAYA #63B, MOSCOW, RUSSIA TEL:++7.495.755.55.66 FAX:++7.495.799.6111 SPAIN SUMBA S.A. SAN ELIAS, 21-1-1, 080006, BARCELONA, SPAIN TEL:+34 93 209 2366 FAX:+34 93 414 7221 SWEDEN JOFRAB JOFRAB BOX 283 RIDHUSGATAN 6 SE-573 23
TRANAS SWEDEN VAT SE556231071301 TEL:+46 140 38 50 30 FAX:+46 140 155 03 SWISS MEIER+LUTZIER AG. CH-8957, SPREITENBACH, SWITZERLAND TEL:+41 56 402 03 00 FAX:+41 56 402 0440 TURKEY MOTOMAX MOTORLU ARACLAR. SAN. VE TIC.A.S. ESKI BUYUKDERE CAD. AYAZAGA YOLU GIZ 2000 PLAZA NO: 7 KAT: 11 D: 41 34398 MASLAK ISTANBUL TURKIYE TEL:+90 212 2906363 FAX:+90 212 2906366 U.K. OXFORD STATION INDUSTRIAL ESTATE TEL:+44 1865 852 000 FAX:+44 1865 852 024 |
|
|
BRAZIL EBF RUA DO PARAISO.760 04103-001 SAO PAULO-SP
BRAZIL TEL:+55 11 251 3555 FAX:+55 11 251 3555 CHILE TERRAFIRMA VITACURA 9035, VITACURA SANTIAGO TEL:+56 22 48 23 78 FAX:+56 22 47 8129 COSTA RICA SAVA APARTADO 10042-1000 LA URUCA, SAN JOSE
COSTA RICA TEL:+506 256 8600 FAX:+506 221 5570 ECUADOR ALAMACENES JUAN ELJURI CIA.LTDA. AV.GIL RAMIREZ DAVALOS 5-32Y ARMENILLAS
CASILLA "F" TEL:+593 72 86 21 11 FAX:+593 72 86 44 33 JAMAICA GENERAL AUTO SPARES, LTD. AV.GIL RAMIREZ DAVALOS 5-32Y ARMENILLAS
CASILLA "F" TEL:+876 926 4171 FAX:+876 929 1454 MEXICO MOTO WAREHOUSE PORTALES #10 COL.GENERAL P.MA.ANAYA,
MEXICO.D.F.CP 03340 TEL:+52 55 56 05 92 51 FAX:+52 55 56 05 84
47 URUGUAY DOMINGO TORREY CIA. LTDA DANIEL FDEZ CRESPO 225211800 MONTEVIDEO
URUGUAY TEL:+598 29 24 24 84 FAX:+598 29 24 24 91 VENEZUELA MOTO MACIA AV.LA TRINIDAD, DETRE CALLES MADRIDY PARIS
QTA.PAMERA.LAS MERCEDES-CARACAS 1060 VENEZUELA TEL:+593 72 86 21 11 FAX:+593 72 86 44 33 ISRAEL ONFNOIT LTD. 46&91 SALAME RD. TEL AVIV 66073 TEL:+972 3 682 3076 FAX:+972 3 681 2755 SOUTH AFRICA AFTER MARKETING PRODUCTS POSTNET SUITE #60 PRIVATE BAG X 10020
EDENVALE, 1610 TEL:+27 11 392 0776 FAX:+27 11 974 2192 AUSTRALIA MCLEOD ACCESSORIES 59 RAUBERS ROAD, NORTHGATE, QUEENSLAND 4013 TEL:+61 7 3621 9000 FAX:+61 7 3621 9046 |
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HONG KONG SANWA MOTOR CYCLE COMPANY G/F 9, JUCTION ROAD, KOWLOON CITY TEL:+852 2336 6880 FAX:+852 2336 3904 JAPAN RS TAICHI INC. 3-1-25, NAKAGAITO, DAITO, OSAKA 574-0013 TEL:+81 72 874 3268 FAX:+81 72 874 3385 NEW ZEALAND DARBI ACCESSORIES 24 ASHFIELD ST., GLENFIELD P.O. BOX 100436
NSMC AUCKLAND TEL:+64 9 444 4830 FAX:+64 9 444 4815 PHILLIPPINE TRIUMPH JT MARKETING CORP. 311 RIZL AVE. EXT., BET 8TH & 9TH AVE.,
GRACE PARK, KALLOKAN CITY TEL:+63 2 361 2063 FAX:+63 2 361 2044 SINGAPORE HODAKO MOTORWORLD PTE LTD. 10 KAKI BUKIT ROAD. 1 #01-08 TEL:+656 844 0792 TAIWAN, R.O.C. GO-CHEN INDUSTRY CO., LTD. 2F, NO. 403, HE NAN RD, SEC2 TAICHUNG TEL:+39 0341 287 553 FAX:+39 0341 373 265 VIETNAM TRANG TRADING CO., LTD. 42 PHAM HONG THAI STREET DISTRICT 1, HCMC
VN. TEL:+848 824 1860 FAX:+848 823 5296 |
|
|
Cooperative Enterprise |
-Insured Company DONGBU INSURANCE CO., LTD(110111-0095285) |
Sales by
Region (Activity &
Markets)
The Subject exports to Asia, Europe and USA.
Court
Action
There are 10 cases against the Subject Company as Defendant(s)/
Debtor(s)/ Respondent(s) for the claim related to the auto-bike accidents.
News
Clipping
--
FOREIGN EXCHANGE
RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.48.79 |
|
UK Pound |
1 |
Rs.75.41 |
|
Euro |
1 |
Rs.61.48 |
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 |
Unfavourable & favourable factors carry similar weight in credit
consideration. 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 |
|
NR |
In view of the lack of information, we have no basis upon which to
recommend credit dealings |
No Rating |
|
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%)