MIRA INFORM REPORT
|
Report Date : |
22.04.2011 |
IDENTIFICATION DETAILS
|
Name : |
SKC CO., LTD. |
|
|
|
|
Formerly Known As : |
Sunkyoung
Chemicals Ltd. |
|
|
|
|
Registered Office : |
633, Jeongja 1-dong, Jangan-gu, Suwon-si, Gyeonggi-do, Korea, Zip Code 440-840 |
|
|
|
|
Country : |
South Korea |
|
|
|
|
Financials (as on) : |
31.12.2010 |
|
|
|
|
Date of Incorporation : |
16.07.1973 |
|
|
|
|
Com. Reg. No.: |
135-81-01250 |
|
|
|
|
Legal Form : |
Listed Company |
|
|
|
|
Line of Business : |
Manufacture of Magnetic and optical Medium |
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 |
|
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 – December 31, 2010
|
Country Name |
Previous Rating (30.09.2010) |
Current Rating (31.12.2010) |
|
South Korea |
a1 |
a1 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
|
Moderate |
B1 |
|
High |
B2 |
|
Very High |
C1 |
|
Restricted |
C2 |
|
Off-credit |
D |
Basic
|
Company Name |
SKC CO., LTD. (Korean Company
Name : “에스케이씨(주)”) |
|
Registered Address |
633, Jeongja 1-dong, Jangan-gu, Suwon-si,
Gyeonggi-do, Korea |
|
Zip Code |
440-840 |
|
Tel |
+82-31-250-7114 |
|
Fax |
+82-31-250-7000 |
|
E-mail |
|
|
Website |
|
|
Trading Address |
Kyobo Tower, 1303-22, Seocho 4-dong, Seocho-gu,
Seoul 137-070, Korea |
|
Tel |
+82-2-3787-1234 |
|
Fax |
+82-2-537-3216 |
|
Other Address-Central R&D Center |
911, Jeongja-dong, Jangan-gu, Suwon-si,
Gyeonggi-do, Korea |
|
Tel |
+82-31-240-0114 |
|
Fax |
+82-31-247-9303 |
|
Other Address-Ulsan Factory |
55, Gosa-dong, Nam-gu, Ulsan, Korea |
|
Tel |
+82-52-278-5151 |
|
Fax |
+82-52-278-5544 |
|
Other Address-Jincheon Factory |
586-1, Nowon-ri, Iwol-myeon, Jincheon-gun, Chungcheongbuk-do, Korea |
|
Tel |
+82-43-539-4511 |
|
Fax |
+82-43-539-4649 |
|
Other Address-Gueui Sales Office |
C100, 8th Fl., Techno Mart, 546-4, Gueui-dong, Gwangjin-gu, Seoul,
Korea |
|
Tel |
+82-2-3787-3691 |
|
Type |
Export |
|
Industry |
Manufacture of Magnetic and optical Medium |
|
Main Business |
Polyethylene Terephthalate Film, Polyimide Film, Video Tape, Hand Set,
Display Material, PO, PG, Polyol |
|
Established (mm/dd/yyyy) |
07/16/1973 |
The Subject owns
the premises of registered HQ address, Ulsan Factory, Jincheon Factory and Gueui
Sales Office.
Detailed Products
|
Activity |
Detailed Products (UNSPSC) |
|
Sell |
Blank video tapes(45131604) |
|
Sell |
Compact disks CDs(43202001) |
|
Sell |
Digital versatile disks DVDs(43202003) |
|
Sell |
Lacquers(31211703) |
|
Sell |
Smart cards(32101617) |
|
Sell |
Printer ribbon(44103112) |
|
Sell |
Electronic filters(40161512) |
|
Sell |
Chemistry reagents or solutions(41116105) |
|
Sell |
Light emitting diodes LEDs(32111503) |
|
Sell |
Alcohols or its substitutes(12352104) |
|
Sell |
Polystyrene PS(13102026) |
|
Sell |
Polyester films(13111210) |
|
Sell |
Films(13111200) |
|
Sell |
Drafting films(44111802) |
|
Sell |
Printing accessories(45101700) |
|
Sell |
Transparency film(44103118) |
CEO’s
|
Name |
Park Jang-Suk |
|
Date of Birth |
07/03/1955 |
|
Title |
President & CEO |
|
Sex |
Male |
|
Nationality |
Korean |
Profiles
|
Capital (KRW) |
181,075,315,000 |
||||||||||||||||||||||||||||||
|
Employees |
1,325 |
||||||||||||||||||||||||||||||
|
Formation |
Listed Company (Korea Stock Exchange : 011790) as of 07/18/1997 A Company of SK GROUP Foreign Direct Investment Corporation |
||||||||||||||||||||||||||||||
|
Bank Details |
Korea Exchange Bank-Sales Dept. Korea Development Bank |
||||||||||||||||||||||||||||||
|
Corporate Registered No. |
130111-0001585 |
||||||||||||||||||||||||||||||
|
Business Registered No. |
135-81-01250 |
||||||||||||||||||||||||||||||
|
Permit & Licenses |
06/1993 ISO 9002(Film) by LRQA 06/1995 ISO 9001 by LRQA 10/1996 ISO 9002 by LRQA 12/1998 ISO 9001(Film) by LRQA 12/2000 ISO 14001 (Suwon Factory) 11/2002 ISO 9001 Int’l Trade No.: 791395 |
||||||||||||||||||||||||||||||
|
Shareholder Position |
|
||||||||||||||||||||||||||||||
|
Company History |
07/16/1973 Incorporated as Sunkyoung Oil
Co., Ltd. 12/1976 Changed company name to Sunkyoung
Chemicals Ltd. 01/1987 Changed company name to the present
name |
||||||||||||||||||||||||||||||
|
|
|
Management
|
Job Description |
Title |
Name |
Nationality |
Date of Birth |
Education |
|
Chairman & CEO |
Mr. |
Choy Shin-Won |
Korean |
1952.11.20 |
Brandeis University |
|
President & CEO |
Mr. |
Park Jang-Suk |
Korean |
1955.07.03 |
Stevens University |
|
Outside Director |
Mr. |
Park Sang-Soo |
Korean |
1954.02.10 |
Seoul National University |
|
Outside Director |
Mr. |
Hur Shin |
Korean |
1949.12.03 |
Seoul National University |
|
Outside Director |
Mr. |
Seo Suk-Ho |
Korean |
1960.09.08 |
Seoul National University |
|
Outside Director |
Mr. |
Shin Hwang-Ho |
Korean |
1946.12.25 |
Sungkyunkwan University |
|
Sr. Executive Director |
Mr. |
Lee Hae-Jung |
Korean |
1956.11.10 |
Sungkyunkwan University |
|
Executive Director |
Mr. |
Ahn Hee-Joon |
Korean |
1959.06.27 |
Korea University |
Financials
|
Year / Unit : KRW |
Sales |
Assets |
Net Income |
|
1,463,267,274,000 |
1,948,516,366,000 |
130,621,681,000 |
|
|
2009 |
1,207,891,306,000 |
1,786,275,351,000 |
10,317,276,000 |
|
2008 |
1,018,550,425,000 |
1,953,737,108,000 |
10,189,178,000 |
|
2007 |
848,059,002,000 |
1,485,840,322,000 |
78,457,061,000 |
|
2006 |
1,021,989,132,000 |
1,358,873,189,000 |
102,263,918,000 |
|
2005 |
1,409,023,730,000 |
1,348,452,446,000 |
24,545,677,000 |
|
2004 |
1,326,276,348,000 |
1,438,068,679,000 |
53,128,474,000 |
|
2003 |
1,331,344,373,000 |
1,517,811,836,000 |
27,370,129,000 |
Financial Description
|
Authorized Capital(KRW) |
440,000,000,000 |
|
Paid-Up Capital(KRW) |
181,075,315,000 |
|
Total Issues Shares |
36,215,063 |
Balance Sheet
|
Unit : Thousand Korean Won |
As of 12/31/2010 |
As of 12/31/2009 |
As of 12/31/2008 |
|
Total Assets |
1,948,516,366 |
1,786,275,351 |
1,953,737,108 |
|
Current Assets |
313,132,402 |
293,245,015 |
339,962,811 |
|
-Quick Assets |
197,085,093 |
178,515,020 |
204,047,837 |
|
-Inventories |
116,047,309 |
114,729,995 |
135,914,974 |
|
Fixed Assets |
1,635,383,964 |
1,493,030,336 |
1,613,774,297 |
|
-Investment |
534,899,084 |
535,931,086 |
630,048,785 |
|
-Tangibles |
1,115,469,594 |
997,990,027 |
1,040,579,593 |
|
-Intangibles |
-26,398,069 |
-52,973,909 |
-68,985,165 |
|
-Others |
11,413,355 |
12,083,132 |
12,131,084 |
|
Total Liabilities |
923,869,339 |
914,904,637 |
1,074,538,801 |
|
Current Liabilities |
413,979,597 |
513,455,125 |
430,715,272 |
|
Fixed Liabilities |
509,889,742 |
401,449,512 |
643,823,529 |
|
Capital Stock |
181,075,315 |
181,075,315 |
181,075,315 |
|
Capital Surplus |
258,075,849 |
233,958,998 |
233,696,724 |
|
Profit Surplus |
355,819,848 |
234,007,194 |
232,645,781 |
|
Capital Adjustment |
229,676,015 |
222,329,207 |
231,780,487 |
|
Total Equity |
1,024,647,027 |
871,370,714 |
879,198,307 |
|
Liab. &
Shareholder’s Equity |
1,948,516,366 |
1,786,275,351 |
1,953,737,108 |
|
Current Liabilities |
413,979,597 |
513,455,125 |
430,715,272 |
|
Trade Payables |
129,969,396 |
94,327,837 |
69,604,976 |
|
Short-Term Borrowings |
75,000,000 |
95,000,000 |
181,700,000 |
|
Account Payables |
31,862,330 |
19,820,600 |
31,110,855 |
|
Accrued Expenses |
26,902,314 |
14,147,503 |
12,148,558 |
|
Accrued Income Tax |
13,797,484 |
1,445,540 |
3,471,944 |
|
Advance Receipts |
593,759 |
735,891 |
187,352 |
|
Unearned Income |
- |
17 |
- |
|
Withholdings |
1,858,955 |
1,475,067 |
989,565 |
|
Current Portion of Long-Term
Debts |
132,858,912 |
286,458,763 |
131,583,865 |
|
Derivatives |
1,153,768 |
- |
- |
|
Other Current Liabilities |
20,276 |
323,023 |
- |
|
Fixed Liabilities |
509,889,742 |
401,449,512 |
643,823,529 |
|
Debentures |
210,000,000 |
150,000,000 |
380,000,000 |
|
Long-Term Borrowings |
193,288,256 |
158,319,420 |
172,564,220 |
|
Provision for Severance &
Retirement |
67,000,444 |
60,045,617 |
59,378,244 |
|
Guarantee
Deposit Withhold |
39,589,127 |
38,417,997 |
37,450,068 |
|
Long-Term
Account Payables |
2,259,665 |
1,355,965 |
1,571,565 |
|
Non-Current Portion of Deferred Income Tax
Credit |
45,426,361 |
33,489,131 |
30,980,331 |
Income Statement
|
Unit : Thousand Korean Won |
As of 12/31/2010 |
As of 12/31/2009 |
As of 12/31/2008 |
|
Sales |
1,463,267,274 |
1,207,891,306 |
1,018,550,425 |
|
Cost of Sold Goods |
1,154,564,003 |
1,021,668,763 |
838,048,063 |
|
Gross Profit |
308,703,271 |
186,222,543 |
180,502,362 |
|
Selling & Admin. Expenses |
140,465,558 |
111,728,192 |
108,502,670 |
|
Operating Income |
168,237,713 |
74,494,351 |
71,999,692 |
|
Non-Operating Income |
99,237,077 |
77,598,200 |
73,904,029 |
|
Non-Operating Expenses |
109,503,451 |
138,227,356 |
134,001,274 |
|
Income Before Taxes from
Continues Business |
157,971,339 |
13,865,195 |
11,902,447 |
|
Income Taxes from Continues
Business |
27,349,658 |
3,547,919 |
-5,075,251 |
|
Income from Continues Business |
130,621,681 |
10,317,276 |
16,977,698 |
|
Income from Stopped Business |
|
|
-6,788,520 |
|
Net Income |
130,621,681 |
10,317,276 |
10,189,178 |
Cash Flows
|
Unit : Thousand Korean Won |
As of 12/31/2010 |
As of 12/31/2009 |
As of 12/31/2008 |
|
Cash Flows from Operating |
223,793,369 |
119,518,205 |
66,066,892 |
|
-Net Income |
130,621,681 |
10,317,276 |
10,189,178 |
|
-Exp. without Cash Outflow |
123,378,256 |
172,855,583 |
147,598,533 |
|
-Revenue without Cash Inflows |
-75,462,909 |
-47,673,106 |
-33,897,448 |
|
-Changes in Asset/ & Liability |
45,256,341 |
-15,981,548 |
-57,823,371 |
|
Cash Flows from Investing |
-139,944,591 |
-1,395,554 |
-191,346,736 |
|
-Cash Inflow from Investing |
78,174,391 |
60,571,249 |
43,801,393 |
|
-Cash Outflows for Investing |
-218,118,982 |
-61,966,803 |
-235,148,129 |
|
Cash Flows from Financing |
-89,164,420 |
-185,899,308 |
201,173,061 |
|
-Cash Inflows from Financing |
460,262,416 |
263,631,750 |
901,783,228 |
|
-Cash Outflows from Financing |
-549,426,836 |
-449,531,058 |
-700,610,167 |
|
Increase/Decrease in Cash |
-5,315,642 |
-67,776,657 |
75,893,217 |
|
Cash at the Beginning of Year |
15,426,694 |
83,203,351 |
7,310,134 |
|
Cash at the End of Year |
10,111,052 |
15,426,694 |
83,203,351 |
Products, Technologies, Services Description
|
Main Products & Services |
-Chemical Business PO(Propylene Oxide) PG(Propylene Glycol) Polyol(PPG ; Polypropylene Glycol) SM(StyreneMonomer) -Film Business PET Film Video Tape Compact Disc Brand Name : Skyrol, SUPER-A GREEN |
||||||||||||||||
|
Annual Production Capacity (Unit : Ton, M/T, 1,000 ㎡) |
|
Trade Partners & Competitors
|
Suppliers |
SK PETROCHEMICAL CO., LTD.(135811-0120906) SAMNAM PETROCHEMICAL CO., LTD.(110111-0557061) LOTTE DAESAN PETROCHEMICAL CORPORATION(161411-0014684) SK ENERGY CO., LTD.(110111-3710385) |
|
Customers |
KODAK |
|
Competitors |
KPX CHEMICAL CO., LTD.(110111-0166903) KOREA KUMHO PETRO CHEMICAL CO.,LTD.(110111-0205975) BASF COMPANY LIMITED(110111-0600860) |
Related Parties
(Subsidiaries, Joint-Venture & Affiliates)
|
Affiliates-Domestic |
SK HOLDINGS CO.,
LTD.(110111-0022816) SK TELECOM CO.,
LTD.( 110111-0371346) SK NETWORKS CO., LTD.(130111-0005199) PAXNET,
INC.(110111-1698830) IHQ,
INC.(110111-0042393) SK TELINK,
CORP.(110111-1533599) AIRCROSS CO.,
LTD.(110111-2121765) TU MEDIA
CORPORATION(110111-2907826) SK COMMUNICATIONS
CO., LTD.(110111-1322885) COMMERCE PLANET
CO., LTD.(110111-1416133) F&U CREDIT
INFORMATION CO., LTD.(135311-0003300) SK WYVERNS CO.,
LTD(120111-0217366) LOEN
ENTERTAINMENT, INC.(134111-0010706) ENCAR NETWORKS
LTD.(110111-2125270) INDEPENDENCE CO.,
LTD.(110111-2010116) IFILM
CORPORATION(110111-2857451) SK BROADBAND CO.,
LTD.(110111-1466659) CU MEDIA.
INC.(110111-2031477) NTREEV SOFT CO.,
LTD.(110111-2906456) SK I-MEDIA CO.,
LTD.(110111-3505851) NURI SOLUTION
CO., LTD.(110111-1866213) HANAROMEDIA
INC.(110111-3292664) HANARO DREAM
INCORPORATED(110111-2183343) BROADBAND D&M
CO., LTD.(110111-1509269) NOWON JOEUN
TELECOM CO., LTD.(110111-3655218) MIRACLE
INFORMATION & TELECOMMUNICATION CO., LTD.(120111-0433491) QC I&T CO.,
LTD.(110111-3675381) QL KWANAK CO.,
LTD.(110111-3826140) QL DONGJAK CO., LTD.(110111-3729740) QL SEOCHO CO.,
LTD.(110111-3729807) QL YONGSAN CO.,
LTD.(110111-3761023) QL YANGCHEON CO.,
LTD.(110111-3729609) SK NETWORKS CO.,
LTD.(130111-0005199) SK ENGINEERING
& CONSTRUCTION CO., LTD.(110111-0038805) SK C&C CO.,
LTD.(110111-0769583) INNOACE CO.,
LTD(110111-2104026) IPLATFORM,
INC(110111-3638917) INFOSEC CO.,
LTD(110111-2007858) SKC MEDIA CO.,
LTD.(161511-0076377) SK SHIPPING CO.,
LTD.(110111-0311392) SK TELESYS CO.,
LTD.(110111-1405897) (77.1% held by
the subject company) SKC SOLMICS CO., LTD.(134711-0014631
) (48.7% held by the
subject company) SKC AIRGAS CO., LTD.(230111-0134111) (80.0% held by the subject company) SKW CO., LTD.( 154311-0026200 ) (60.0% held by the subject company) SUMRAY CORPORATION CO., LTD. (131111-0150034
) (83.5% held by the subject company) INCYTO CO., LTD.(161511-0100572) (100.0% held by the subject company) |
|
Affiliates-Domestic |
SK D&D CO.,
LTD.(110111-3001685) OK CASHBAG
SERVICE CO., LTD.(110111-1873432) SK NETWORKS SERVICE
CO., LTD.(135811-0141788) SK MARKETING
& COMPANY CO., LTD.(110111-3874066) BROADBAND TS CO.,
LTD.(281111-0119401) BROADBAND CS CO.,
LTD.(110111-1592595) BROADBAND SEOUL
CS CO., LTD.(110111-3558842) BROADBAND BUSAN
CS CO., LTD.(180111-0573774) BROADBAND
GYEONGGI CS CO., LTD.(134111-0147575) BROADBAND GWANGJU
CS CO., LTD.(200111-0233050) ANTS CO.,
LTD.(151111-0031058) ULLEUNG DEEP SEA
WATER CO., LTD(110111-3224724) SOLMICS CO.,
LTD.(134711-0014631) UB CARE CO.,
LTD.(110111-1105364) MECHARONICS CO.,
LTD.(120111-0233338) ULLEUNG MINERAL
CO., LTD.(110111-2602244) REAL BEST CO.,
LTD. MRO KOREA CO.,
LTD(110111-2016940) WS TRADING CO.,
LTD.(110111-3448712) WALKERHILL INC.(110111-0142854) SK MOBILE ENERGY CO., LTD.(161511-0076070) SK SECURITIES CO.,
LTD(110111-0037112) SKC ACME SKC-SEJIN SI DIGITECH |
|
Affiliates-Overseas |
KIWI STEEL
N.Z. LTD. SK NETWORKS
AMERICA, INC. SK NETWORKS
DEUTSCHLAND GMBH SK NETWORKS
AUSTRALIA PTY. LTD. SK STEEL
AUSTRALIA PTY. LTD. SK NETWORKS
(SHANGHAI) TRADING CO., LTD. SK NETWORKS
(GUANGZHOU) TRADING CO., LTD. SK(DONGGUAN)
STEEL CO., LTD SK(ZHANGJIAGANG)
METAL PRODUCTS CO.,LTD POSK
STEEL(PINGHU) PROCESSING CENTER CO.,LTD SK NETWORKS
PS(SHANTOU)CO., LTD NINGBO SK
ZHENBANG CHEMICAL. LTD DAIYANG - SK
NETWORKS METAL SANAYI VE TICARET LTD SK NETWORKS
MIDDLE EAST FZE PT SK
NETWORKS (INDONESIA) SHENYANG SK
NETWORKS ENERGY CO., LTD SHANGHAI
LAUNCH-SK AUTOMOBILE SERVICE CO., LTD SK NETWORKS
(SHANGHAI) MARKETING CO., LTD SK
NETWORKS(CHINA)HOLDINGS CO., LTD DANDONG SK
NETWORKS REAL ESTATE CO., LTD SHENYANG SK
NETWORKS BUS TERMINAL CO., LTD DANDONG SK
NETWORKS ENERGY CO., LTD DANDONG SK
NETWORKS LOGISTICS CO., LTD SHENYANG SK
NETWORKS ELECTRONICS &TELECOMMUNICATIONS CO., LTD SK NETWORKS
(SHANGHAI) ELECTRONICS &TELECOMMUNICATIONS MARKETING CO., LTD BEIJING SK
NETWORKS ELECTRONICS & TELECOMMUNICATIONS CO., LTD SHANDONG SK
NETWORKS ELECTRONICS &TELECOMMUNICATIONS CO., LTD SK NETWORKS
HONG KONG SK NETWORKS
MEXICO S.A DE C.V SKYNETWORKS
LCC. MIRAE
COMPANY LIMITED RICHARD CHAI
LLC. OBZEE N.Y |
|
Overseas Office |
SKC INC. ONE SKC DRIVE COVINGTON, GA 30014, U.S.A TEL:+1-678-342-1000 FAX:+1-678-342-1000 SKC POWERTECH, INC. 850 CLARK DRIVE, MOUNT OLIVE, NEW JERSEY
07828 ,U.S.A TEL:+1-973-347-7000 FAX:+1-973-347-7775 SKC EUROPE GMBH. ARABELLA CENTER 7FI LYONER STR.44-48, 60528
FRANKFURT, GERMANY TEL:+49-69-669-0130 FAX:+49-69-666-1071 SALES MGR OF CHINA.(GUANGZHOU) ROOM 2011, CITIC PLAZA, 233 TIANHE N. ROAD,
GUANGZHOU, CHINA 510613 TEL:+(86)20-3877-1140 FAX:+(86)20-3877-1540 SALES MGR OF CHINA.(SHANGHAI) ROOM 2313,INTERNATIONAL TRADE CENTER,2201
YAN AN ROAD( W ), SHANGHAI, CHINA TEL:+(86) 21-6270-2866 FAX:+(86) 21-6270-2377 |
|
Subsidiary |
SKC EUROPE GMBH. (100.0% held by
the subject company) SKC INC. (70.31% held by
the subject company) SK TELESYS CO.,
LTD.(110111-1405897) (77.1% held by
the subject company) SKC MEDIA CO.,
LTD.(161511-0076377) (100.0% held by
the subject company) SKC AIRGAS CO., LTD.(230111-0134111) (80.0% held by the subject company) |
|
Corporate Ownership |
SK HOLDINGS CO.,
LTD.(110111-0022816) |
|
Cooperative Enterprise |
-Insured Company HYUNDAI MARINE & FIRE INSURANCE CO., LTD.(110111-0035893) SAMSUNG FIRE & MARINE INSURANCE CO., LTD.(110111-0005078) -Licensors DOYOBO-JAPAN LYONDELL CHEMICAL COMPANY DEGUSSA AG, UHDE GMBH |
Sales by Region
(Activity & Markets)
|
Sales/ Unit :Mil
KRW |
2010 |
2009 |
2008 |
|
Export |
670,664 |
492,593 |
379,147 |
|
Domestic |
792,603 |
715,298 |
639,403 |
|
Total |
1,463,267 |
1,207,891 |
1,018,550 |
The subject exports
to China, Taiwan, Germany, Japan and USA.
Court Action
|
Case No. |
Court |
Plaintiff(s)/
Creditor(s)/ Applicant(s) |
Defendant(s)/
Debtor(s)/ Respondent(s) |
Cause |
Amount (Million KRW) |
Status |
|
|
|
Cho Kyu-Wan |
The Subject Company and SKC Haas |
Related Exclusive Sales Agentship |
834 |
Proceeding |
News Clipping
---
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.44.33 |
|
UK Pound |
1 |
Rs.72.92 |
|
Euro |
1 |
Rs.64.69 |
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 |
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.