MIRA
INFORM REPORT
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Report Date : |
15.03.2011 |
IDENTIFICATION DETAILS
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Name : |
HA THINH COMPANY LIMITED |
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Registered Office : |
Tu Trung commune - Vinh Tuong District - |
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Country : |
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Financials (as on) : |
31.12.2008 |
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Date of Incorporation : |
15.03.2002 |
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Com. Reg. No.: |
1902000170 |
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Legal Form : |
Limited Liability Company |
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Line of Business : |
Spinning and weaving |
RATING & COMMENTS
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MIRA’s Rating : |
B |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
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Status : |
Moderate |
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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 – December 31, 2010
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Country Name |
Previous Rating (30.09.2010) |
Current Rating (31.12.2010) |
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B1 |
B1 |
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Risk Category |
ECGC
Classification |
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Insignificant |
A1 |
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Low |
A2 |
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Moderate |
B1 |
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High |
B2 |
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Very High |
C1 |
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Restricted |
C2 |
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Off-credit |
D |
SUBJECT IDENTIFICATION &
LEGAL FORM
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English Name |
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HA THINH COMPANY LIMITED |
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Vietnamese Name |
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CONG TY TNHH HA THINH |
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Short name |
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HA THINH CO., LTD |
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Type of Business |
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Limited liability company |
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Year Established |
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2002 |
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Business Registration No. |
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1902000170 |
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Date of Registration |
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15 Mar 2002 |
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Place of Registration |
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Vinh Phuc Department of Planning and
Investment |
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Current registered capital |
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2,800,000,000 VND |
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Tax code |
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2500213151 |
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Total Employees |
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44 |
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Size |
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Small |
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ADDRESSES
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Head Office |
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Address |
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Tu Trung commune - Vinh Tuong District - |
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Telephone |
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(84-211) 3781 209 |
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Note: In business registration, the subject is located at Dai Tri
Hamlet, Vinh Thinh commune, Vinh Tuong District (nearly same the given
address). We have made phone call to this number many times but no one
answers us. |
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DIRECTORS
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1
. NAME |
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Mr.
DANG VAN SAM |
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Position |
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Director |
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ID Number/Passport |
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131907990 |
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Resident |
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An Ha Hamlet Vinh
Thinh commune - Vinh Tuong District - Vinh Phuc Province - Vietnam |
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Nationality |
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Vietnamese |
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BUSINESS NATURE AND ACTIVITIES
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The subject registered on the following business: |
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IMPORT & EXPORT ACTIVITIES
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IMPORT: |
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·
Types of products |
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NA |
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EXPORT: |
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·
Types of products |
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NA |
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BANKERS
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NA |
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SHAREHOLDERS
NA
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FINANCIAL HIGHLIGHT
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BALANCE
SHEET |
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Unit: One VND
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Balance sheet
date |
31/12/2008 |
31/12/2007 |
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Number of weeks |
52 |
52 |
ASSETS
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A. Current Asset
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5,000,000,000 |
1,398,000,000 |
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bbb |
300,000,000 |
0 |
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Inventory |
620,000,000 |
0 |
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Cash and other current assets |
4,080,000,000 |
1,398,000,000 |
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B. Long term
Asset |
6,500,000,000 |
2,441,000,000 |
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1. Long term account receivable |
0 |
0 |
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2. Fixed assets |
6,500,000,000 |
2,441,000,000 |
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Tangible fixed assets |
6,500,000,000 |
2,441,000,000 |
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+ Original cost |
7,280,000,000 |
2,966,000,000 |
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+ Accumulated depreciation value |
780,000,000 |
525,000,000 |
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Financial leasehold assets |
0 |
0 |
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Intangible fixed assets |
0 |
0 |
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Construction in progress and other long term asset |
0 |
0 |
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TOTAL ASSETS |
11,500,000,000 |
3,839,000,000 |
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LIABILITIES
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Payable loans |
4,000,000,000 |
1,500,000,000 |
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Owner’s Equity |
7,500,000,000 |
2,339,000,000 |
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TOTAL LIABILITY
AND EQUITY |
11,500,000,000 |
3,839,000,000 |
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PROFIT & LOSS
STATEMENT
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Total revenue |
24,000,000,000 |
36,210,000,000 |
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Deductions Items |
0 |
620,000,000 |
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1. Net revenue |
24,000,000,000 |
35,590,000,000 |
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2. Cost of goods sold and operation expense |
24,170,000,000 |
35,220,000,000 |
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3. Net income from business activities |
-170,000,000 |
370,000,000 |
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Income from financial activities |
0 |
0 |
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Expenditure from financial activities |
0 |
0 |
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4. Net income from financial operation |
0 |
0 |
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Irregular income |
0 |
0 |
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Irregular expenditure |
0 |
0 |
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5. Irregular Profit |
0 |
0 |
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6. Total pre-tax profit |
-170,000,000 |
370,000,000 |
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PAYMENT HISTORY & PERFORMANCE EXPERIENCES
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Trade Morality |
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Fair |
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Liquidity |
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Medium |
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Payment status |
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Average |
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Financial Situation |
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Above Average |
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Development trend |
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Negative |
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Litigation data |
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No Record |
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Bankruptcy |
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No Record |
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Payment Methods |
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NA |
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Wholesaler |
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Public opinion |
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INTERPRETATION ON THE SCORES
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HA THINH COMPANY LIMITED was established under business registration number
1902000170, issued by Vinh Phuc Department of Planning and Investment
on 15th March 2002. Now subject’s chartered capital is VND 2.8
billion. The subject registered on production of garment clothes; Spinning and
weaving and distillation of oil. According media resources, the
subject has import export activities directly with foreign partner. Its plant and offices are
located at Tu Trung commune, Vinh Tuong distric, On the hand of finance, the
subject situation is average. In 2008 it lost VND 170 million but its total
asset and revenue are large comparison with its scale business. Its debt
ratios are also low while liquidity ratios are above average. During the time of making this
report, we have contacted to the subject through many ways but it is not
available. We have lack of information to assess the subject. In our opinion,
caution needed for medium and big business transaction with the subject. |
----------- APPENDIXES ----------
INDUSTRY DATA
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Industry code |
Growth speed (%) |
Total employees
2009 (Thousand) |
Total
enterprises |
Annual average
capital of enterprises |
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Predict 2010 |
2009 |
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Agriculture,
Forestry and Fishing |
2.8 |
3.0 |
24,788.5 |
2,399 |
50,530 |
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Trade and
Services |
7.5 |
11 |
10,517.9 |
79,181 |
1,754,973 |
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Construction |
7 |
11.3 |
2,692.8 |
17,783 |
248,268 |
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Manufacturing |
12 |
7.6 |
7,591.2 |
30,786 |
967,068 |
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ECONOMIC INDICATORS
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2010 |
2009 |
2008 |
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Population (Million person) |
86.93 |
86.02 |
86.1 |
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Gross Domestic Products (US$
billion) |
102.2 |
91 |
84.9 |
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GDP Growth (%) |
6.78 |
5.32 |
6.2 |
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GDP Per Capita (US$) |
1,160 |
1,080 |
1,040 |
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Inflation (% Change in
Composite CPI) |
11.75 |
6.88 |
24.4 |
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SERVICE TRADE PERFORMANCE
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Billion USD |
2010 |
2009 |
2008 |
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Exports |
71.6 |
56.6 |
62.9 |
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Imports |
84 |
68.8 |
76.6 |
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Trade Balance |
-12.4 |
-12.2 |
-14.6 |
FOREIGN EXCHANGE RATES
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Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
Rs.45.15 |
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1 |
Rs.72.59 |
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Euro |
1 |
Rs.62.95 |
RATING EXPLANATIONS
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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>86 |
Aaa |
Possesses an extremely sound financial base with the strongest
capability for timely payment of interest and principal sums |
Unlimited |
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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 |
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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 |
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41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
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26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
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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 |
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<10 |
C |
Absolute credit risk exists. Caution needed to be exercised |
Credit not
recommended |
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-- |
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.