%20%20LTD%20%20-%20141884%2021-May-2011_files/image002.jpg){kind=small}
MIRA INFORM
REPORT
|
Report Date : |
21.05.2011 |
IDENTIFICATION DETAILS
|
Name : |
KAIFA
TECHNOLOGY (H.K.) LTD. |
|
|
|
|
Registered Office : |
Room 2201, 22/F., Hong Kong Worsted Mills Industrial Building, 31‑39 Wo Tong Tsui Street, Kwai Chung, New Territories |
|
|
|
|
Country : |
Hong Kong |
|
|
|
|
Date of Incorporation : |
06.11.1984 |
|
|
|
|
Com. Reg. No.: |
09321170 |
|
|
|
|
Legal Form : |
Private Limited Company |
|
|
|
|
Line of Business : |
design and manufacturing of integrated circuits, software and integrated system services and research, development and manufacturing of other communication products |
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 : |
Good |
|
Payment
Behaviour : |
Regular |
|
Litigation : |
Exists |
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 – March 31st, 2011
|
Country Name |
Previous Rating (31.12.2010) |
Current Rating (31.03.2011) |
|
Hong Kong |
a2 |
a2 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
|
Moderate |
B1 |
|
High |
B2 |
|
Very High |
C1 |
|
Restricted |
C2 |
|
Off-credit |
D |
Bottom of Form
Company name
KAIFA TECHNOLOGY
(H.K.) LTD.
Company ADDRESS
Room 2201, 22/F., Hong Kong Worsted Mills Industrial Building, 31-39 Wo Tong Tsui Street, Kwai Chung, New Territories, Hong Kong.
PHONE: 2425 8505
FAX: 2480 4723
E-MAIL: kaifa@kaifa.com.hk.
MANAGEMENT
President & Managing Director: Mr. Tam Man Chi
SUMMARY
Incorporated on: 6th November, 1984.
Organization: Private Limited Company.
Capital Nominal: US$500,000.00
Issued: US$500,000.00
Business Category: Trading of HDD (hard disk drive ) and HDD substrates.
Group Turnover: RMB104,931,670,000 Yuan (Year ended 31-12-2010)
Employees: 153. (Hong Kong staff)
Main Dealing Banker: Industrial & Commercial Bank of China (Asia) Ltd., Hong Kong.
Banking Relation: Good.
Company ADDRESS
Registered Head
Office & Workshop:-
Room 2201, 22/F., Hong Kong Worsted Mills Industrial Building, 31‑39 Wo Tong Tsui Street, Kwai Chung, New Territories, Hong Kong.
Warehouse:-
Room 201, 2/F., Hong Kong Worsted Mills Industrial Building, 31‑39 Wo Tong Tsui Street, Kwai Chung, New Territories, Hong Kong.
China Factory: Shenzhen SEZ, China.
Holding Company:-
Shenzhen Kaifa Technology Co. Ltd., China.
Ultimate Holding
Company:-
Great Wall Technology Co. Ltd., China.
Affiliated
Companies:-
Great Wall Technology Group of Companies
AOC do Brasil Monitores Ltda., Brazil.
AOC International (Europe) GmbH, Germany.
BriVictory Display Technology (Labuan) Corporation, Malaysia.
BriVictory Display Technology (Poland) Sp.z.o.o., Poland.
Broadata (H.K.) Ltd., Hong Kong.
China Great Wall Computer (H.K.) Holding Ltd., Hong Kong.
China Great Wall Computer (Shenzhen) Co. Ltd., China.
China Great-Wall Computer Group (HK) Ltd., Hong Kong.
CPT TPV Optical (Fujian) Co. Ltd., China.
Envision Industira de Productos Electronicos Ltda., Brasil.
Envision Peripherals Inc., USA.
ExcelStor Great Wall Technology Ltd., Cayman Islands.
ExcelStor Group Ltd., Cayman Islands.
ExcelStor Technology (Shenzhen) Ltd., China.
G&W Technologies Co. Ltd., Republic of Korea.
Great Wall Broadband Service Ltd., China.
Great Wall Computer Software & System Incorporation Ltd., China.
Great Wall Kemei Technology Co. Ltd., China.
Guilin Changhai Technology Co. Ltd., China.
HannStar Display (Wuhan) Corporation, China.
Kaifa Magnetics (HK) Ltd., Hong Kong.
Kaifa Technology (Shekou) Ltd., China.
Kaifa Technology (Singapore) Pte. Ltd., Singapore.
L&T Display Technology (Fujian) Ltd., China.
L&T Display Technology (Xiamen) Ltd., China.
MMD (Shanghai) Electronics Trading Co. Ltd., China.
MMD-Monitors & Displays Nederland B.V., the Netherlands.
O-Net Communications (Group) Ltd., Cayman Islands/Hong Kong.
P-Harmony Monitors (Taiwan) Ltd., Taiwan.
P-Harmony Monitors Netherlands B.V., the Netherlands.
Roboshop Ltd., Hong Kong.
Shenzhen Great Wall Kemei Technology Co. Ltd., China.
Shenzhen Hai Liang Storage Products Co. Ltd., China.
Shenzhen Kaifa Magnetic Recording Co. Ltd., China.
Shenzhen Kaifa Magnetic Recording Joint-Stock Co. Ltd., China.
Shenzhen Kaifa O&M Technology Co. Ltd., China.
Shenzhen KTM Glass Substrate Co. Ltd., China.
Suzhou Kaifa Technology Co. Ltd., China.
Three Titans Technology (Xiamen) Co. Ltd., China.
Top Victory Electronics (Fujian) Co. Ltd., China.
Top Victory Electronics (Taiwan) Co. Ltd., Taiwan.
Top Victory International Ltd., British Virgin Islands.
Top Victory Investments Ltd., Hong Kong.
TPV Display Polska Sp.z.o.o., Poland.
TPV Display Technology (Wuhan) Co. Ltd., China.
TPV Electronics (Fujian) Co. Ltd., China.
TPV Electronics (Fuzhou Bonded Zone) Trading Co. Ltd., China.
TPV Electronics (Wuhan) Co. Ltd., China.
TPV International (Netherlands) B.V., the Netherlands.
TPV International (USA) Inc., USA.
TPV Technology (Beijing) Co. Ltd., China.
TPV Technology (Ningbo) Co. Ltd., China.
TPV Technology (Suzhou) Co. Ltd., China.
TPV Technology Display (Ningbo) Co. Ltd., China.
TPV Technology Ltd., Bermuda.
TPV Technology Polska Sp.z.o.o., Poland.
TPV Trading (Ningbo) Co. Ltd., China.
USA Kaifa Technology Inc., USA.
Wuhan Admiral Technology Ltd., China.
etc.
BUSINESS REGISTRATION NUMBER
09321170
COMPANY FILE NUMBER
0143241
MANAGEMENT
President & Managing Director: Mr. Tam Man Chi
Senior Vice President: Mr. Cheng Kwok Wing, Philip
CAPITAL
Nominal Share Capital: US$500,000.00 (Divided into 500,000 shares of US$1.00 each)
Issued Share Capital: US$500,000.00
SHAREHOLDERS
(As per registry dated 06-11-2010)
|
Name |
|
No. of shares |
|
TAM Man Chi |
|
1 |
|
Shenzhen Kaifa Technology Co. Ltd. Kaifa Complex, Caitian Road, Futian Industrial District, Shenzhen, China. |
|
499,999 |
|
|
|
––––––– |
|
|
Total: |
500,000 ====== |
DIRECTORS
(As per registry dated 06-11-2010)
|
Name (Nationality) |
Address |
|
TAM Man Chi (British) |
House 33, Windsor Park, Phase 2, 1 Ma Lok Path, Kau To Shan, Shatin, New Territories, Hong Kong. |
|
CHENG Kwok Wing (British) |
Flat A, 4/F., Block 2, Richmond Court, 1-3 Lok Yuen Path, Fo Tan, Shatin, New Territories, Hong Kong. |
|
CHEN Zhu Jiang |
Room 803, Building 24, Qian Hai Garden, Nanshan District, Shenzhen, China. |
SECRETARY
CHENG Kwok
Wing (As per registry dated 06-11-2010)
HISTORY
The subject was incorporated on 6th November, 1984 as a private limited liability company under the Hong Kong Companies Ordinance.
Originally the subject was registered under the name of Flymason Ltd., name changed to the present style was on 7th June, 1985.
Apart from these, neither material change nor amendment has been ever traced and noted.
OPERATIONS
Activities: Importer and Exporter; China Project.
Lines: Communication products, desk-top computers, connectors, electronic products, hard disk drive
heads, magnetic heads, computers and peripherals, mother boards, tape heads, video heads, audio products, CD heads, computer products, notebook computers, personal computers, connectors, fax/modems, I/O controllers, optical disks/CD-ROMs, tape drives, VGA card, sound card, I/O card, PCMCIA, internal and external modems, PC add-in card, pagers, cordless phones, feature phones, help phones, security boxes, printing phones, caller ID display, answering machines, interactive LED display, video CD player, magnetic stripe card, magnetic stripe card reader, bar code card, smart credit, smart card reader, contactless card, contactless card reader and equipments for smart card production.
Trade Marks: “BERING”, “CONNER”, “EXABYTE”, “HP”, “KAIFA”, “KMB”, “MITAC”, “MTRC”, “OCEAN”,
“TEAC”, “TEKCON”, “TIDALWAVE”, “VISTA” and “VOYAGER” brands.
Office & Workshop Space: 29,000 sq.ft. in Hong Kong.
China Factory Space: 270,000 sq.ft. in China.
Employees:-
Office Staff: 153. (Hong Kong)
Workers: Over 6,500. (China)
Commodities Imported:-
“EXABYTE”, “MTRC” and “KMB” tape heads – China.
“KAIFA” video heads – China.
“TEKCON” connectors – USA.
CD heads – USA.
Hard disk drive heads – China.
Magnetic heads – China, Japan and USA.
Markets: USA (main), Europe, Japan, Singapore, Taiwan and Southeast Asia.
Group Turnover: RMB 19,919,261,000 Yuan (Year ended 31-12-2006)
RMB 23,682,455,000 Yuan (Year ended 31-12-2007)
RMB 22,528,185,000 Yuan (Year ended 31-12-2008)
RMB 17,085,314,000 Yuan (Year ended 31-12-2009)
RMB104,931,670,000 Yuan (Year ended 31-12-2010)
Terms/Sales: As per contracted.
Terms/Buying: L/C, T/T, D/P, etc.
MEMBERSHIP
The Hong Kong Electronic Industries Association Ltd., Hong Kong.
FINANCIAL INFORMATION
Nominal Share Capital: US$500,000.00 (Divided into 500,000 shares of US$1.00 each)
Issued Share Capital: US$500,000.00
Alternation of Capital:-
|
06-11-1984 |
paid up |
US$ 4.00 |
|
10-06-1985 |
paid up |
US$ 196.00 |
|
13-11-1987 |
paid up |
US$ 25,600.00 |
|
10-12-1991 |
paid up |
US$ 474,200.00 |
|
|
|
––––––––––––– |
|
Total: |
paid up |
US$ 500,000.00 ============ |
Increases of Nominal Capital:-
|
From |
US$ 200.00 |
to |
US$ 25,800.00 |
on |
18-05-1987 |
|
From |
US$25,800.00 |
to |
US$500,000.00 |
on |
02-12-1991 |
Mortgage or Charge: (See attachment)
Group Net Profit: RMB 167,289,000 Yuan (Year ended 31-12-2006)
RMB 840,603,000 Yuan (Year ended 31-12-2007)
RMB 623,816,000 Yuan (Year ended 31-12-2008)
RMB1,006,882,000 Yuan (Year ended 31-12-2009)
RMB1,739,725,000 Yuan (Year ended 31-12-2010)
Profit or Loss: Operation is profitable.
Condition: Keeping in a good manner.
Facilities: Making active use of general banking facilities.
Payment: Met as contracted.
Commercial Morality: Good.
Bankers:-
· Industrial & Commercial Bank of China (Asia) Ltd., Hong Kong.
· Bank of China (Hong Kong) Ltd., Hong Kong.
· BNP Paribas, Hong Kong Branch.
· United Overseas Bank Ltd., Hong Kong Branch.
Standing: Good.
GENERAL
Kaifa Technology (H.K.) Ltd. is a wholly-owned subsidiary of Shenzhen Kaifa Technology Co. Ltd. which is a China-based firm. The subject’s ultimate holding company Great Wall Technology Co. Ltd. [GWT] is a Hong Kong-listed firm. The subject is trading in the products of GWT.
China Great Wall Computer Group Company [GWCG] was the sole promoter of GWT. GWT was formally established in Shenzhen, China on 20th March 1998 with a registered capital of RMB743,870,000 Yuan and was listed on The Stock Exchange of Hong Kong Ltd. bearing stock code 0074 on 5th August, 1999. Currently, the registered capital of GWT is RMB1,197,742,000 Yuan. GWT was classified as “Information Technology Stock” in May 2000 by the Hong Kong Hang Seng Index Services Ltd.
On 2nd August, 2005, the State-owned Assets Supervision and Administration Commission of the State Council [SASAC] announced the Notifications on the Restructuring of 6 Enterprises including China Electronics Corporation [CEC], pursuant to which GWCG would be consolidated into CEC for restructuring [Restructuring]. GWT was notified by GWCG on 15th September, 2006 that the Restructuring was approved by the State Administration For Industry and Commerce [SAIC] on 18th August, 2006. As a result of the Restructuring, GWCG has become a wholly-owned subsidiary of CEC. CEC has become the ultimate controlling shareholder of GWT through its control of 62.11% of GWCG. CEC is an enterprise directly administered by SASAC. It is principally engaged in the design and manufacturing of integrated circuits, software and integrated system services and research, development and manufacturing of other communication products
The business of GWT and its subsidiaries (hereinafter collective referred to as the “Great Wall Technology Group”) covers development, manufacture, sale and research and development of personal computer [PC] and information terminal products, storage products, power supply products, monitoring terminal, LCD TV products and EMS business.
For the year ended 31st December, 2010, the sales revenue of the Great Wall Technology Group amounted to RMB104.9 billion Yuan, representing a comparative growth of 513.5% (2009: RMB17.1 billion Yuan). Gross profit amounted to RMB5.167 billion Yuan, representing a comparative growth of 167.0%. The audited profit for the year was RMB1.7 billion Yuan, representing a comparative growth of 70.0% (net profit of 2009: RMB1.0 billion Yuan).
The subject is fully supported by the Great Wall Technology Group.
On the whole, consider the subject good for normal business engagements.
REMARKS:
Brief personnel profile of the directors:-
Mr. TAM Man Chi, aged 63, is a director of China Great Wall Computer
(Shenzhen) Co. Ltd.,
the Chairman of Shenzhen Kaifa Technology Co. Ltd., a director and President of
the subject and Shenzhen Kaifa Magnetic Recording Co. Ltd., the Co-chairman of
the Board of O-Net Communications (Group) Ltd., a Non-executive director and
the Chairman of the remuneration committee, a director of O-Net Communications (Group)
Ltd., a company listed
on the Stock Exchange of Hong Kong Ltd., the President of O-Net Communications
(Shenzhen) Co. Ltd., a director of ExcelStor Group Ltd., ExcelStor Technology
(Shenzhen) Ltd. and Shenzhen Hai Liang Storage Products Co. Ltd. and the Vice
Chairman of Shenzhen KTM Glass Substrate Co. Ltd. Mr. Tam has been awarded “Shenzhen Honor
Citizen” in 1994, “National Friendship Award” in 2005 and “Excellent Worker
title of Guangdong Province” in 2006. Mr. Tam has over 40 years’ of management
experience in the international electronic industry. Mr. Tam was previously the Vice President of
GWT, but he resigned from that position with effect from 23rd April, 2003. Mr Tam has been an Executive director of GWT
since 1998.
Mr.CHENG Kwok Wing, born in November 1958. Nationality: Hong Kong China. Currently, Mr. Cheng is the director of the
subject, director of Suzhou Kaifa Technology Co. Ltd., director of Shenzhen
Kaifa Magnetic Recording Co. Ltd. etc. Mr.
Cheng is well educated with two postgraduate degrees of Master of Business Administration
and Master of Business Economics.
Mr. CHEN Zhu Jiang, born in September 1967. Nationality: China. Graduated from Tianjin University as a
Bachelor of Engineering, then from Jilin University as a Master of Management
Science, Mr. Chen is a senior executive of business. Mr. Chen currently holds the posts of director
of the subject, Board Chairman of Kaifa-O&M Components Co. Ltd., Board
Chairman of Shenzhen Kaifa Micro-Electronics Co. Ltd., Board Chairman of Suzhou
Kaifa Technology Co. Ltd., director of O-Net Communications (Shenzhen) Co.
Ltd., director of Shenzhen Great Wall Kemei Technology Co. Ltd. Mr. Chen was the director and General Manager
of Shenzhen Huaming Computer Co. Ltd., Secretary to Chairman, Vice-Chief of Office
of China Great Wall Computer Shenzhen Company. He is a member of Shenzhen Youth League, and
Vice-Presidents of Shenzhen Entrepreneur Association and Shenzhen Computer
Industry Association. Mr. Chen first
served as Vice-President of Shenzhen Kaifa Technology Co. Ltd. in January 2005,
and was reappointed consecutively in June 2007.
Court case:-
|
Action
Date |
Case
No. |
Plaintiff |
Defendant |
Cause |
Amount |
|
Oct. 2002 |
H4119 |
Levine Morton P. |
Kaifa Technology (H.K.) Ltd. |
Order |
Not stated |
|
Oct. 2002 |
H4120 |
Levine Morton P. |
Kaifa Technology (H.K.) Ltd. |
Order |
Not stated |
MORTGAGE OR CHARGE
|
Date |
Particulars |
Amount |
|
18-12-1987 |
Instrument: Security Over Deposit Property: Fixed Deposit No. 314228 for US$53,500 Mortgagee: Bank of Credit & Commerce H.K. Ltd., Hong Kong. [In liquidation] |
General banking facilities |
|
17-10-1988 |
Instrument: Security Over Deposit Property: Fixed Deposit No. 397904, 394905 & 397906 for US$9,440, US$27,120 & US$73,872 respectively Mortgagee: Bank of Credit & Commerce H.K. Ltd., Hong Kong. [In liquidation] |
General banking facilities |
|
17-11-1988 |
Instrument: Security Over Deposit Property: Fixed Deposit No. 413725, 413726 & 413727 for US$7,000, US$27,540 & US$37,260 respectively Mortgagee: Bank of Credit & Commerce H.K. Ltd., Hong Kong. [In liquidation] |
General banking facilities |
|
22-11-1988 |
Instrument: Security Over Deposit Property: Fixed Deposit No. 413749 for US$148,851 Mortgagee: Bank of Credit & Commerce H.K. Ltd., Hong Kong. [In liquidation] |
General banking facilities |
|
19-12-1988 |
Instrument: Security Over Deposit Property: Fixed Deposit No. 413847, 413848 & 413854 for US$2,725, US$3,630 & US$80,550 respectively Mortgagee: Bank of Credit & Commerce H.K. Ltd., Hong Kong. [In liquidation] |
General banking facilities |
|
09-02-1990 |
Instrument: Security Over Deposit Property: Fixed Deposit No. 561496 for US$900,000 Mortgagee: Bank of Credit & Commerce H.K. Ltd., Hong Kong. [In liquidation] |
General banking facilities |
|
28-06-1990 |
Instrument: Security Over Deposit Property: Fixed Deposit No. 640260 for US$137,700 Mortgagee: Bank of Credit & Commerce H.K. Ltd., Hong Kong. [In liquidation] |
General banking facilities |
|
28-12-1990 |
Instrument: Assignment of Term Deposit Property: Deposit Receipt No. 163184 for HK$3,000,000 Mortgagee: Union Bank of Hong Kong Ltd., Hong Kong. [Now known as Industrial &
Commercial Bank of China (Asia) Ltd.] |
General banking facilities |
|
21-03-1991 |
Instrument: Letter of Charge and Set-off Property: Deposit No. HK-157159 Mortgagee: United Overseas Bank Ltd., Hong Kong. |
General banking facilities |
|
19-02-1993 |
Instrument: Security Over Deposit in Respect of Obligations of the Depositor Property: Deposit Receipt No. 293118 for HK$20,000,000 under A/C No. 303-730005313 Mortgagee: Union Bank of Hong Kong Ltd., Hong Kong. [Now known as Industrial &
Commercial Bank of China (Asia) Ltd.] |
General banking facilities |
|
23-04-1993 |
Instrument: Security Over Deposit in Respect of Obligations of a Third Party Property: Deposit Receipt No. 221078, 299231, 299239 & 309229 for US$500,000, HK$3,000,000, US$900,000 & HK$20,000,000 respectively Mortgagee: Union Bank of Hong Kong Ltd., Hong Kong. [Now known as Industrial &
Commercial Bank of China (Asia) Ltd.] |
General banking facilities |
|
14-12-1993 |
Instrument: Security Over Deposit in Respect of Obligations of a Third Party Property: Deposit Receipt No. 336211 for HK$2,800,000 under A/C No. 730005313 Mortgagee: Union Bank of Hong Kong Ltd., Hong Kong. [Now known as Industrial &
Commercial Bank of China (Asia) Ltd.] |
General banking facilities |
|
20-07-1998 |
Instrument: Deed of Charge on Savings Account and Set-Off Property: Deposit of Saving A/C No. 031-356-9-210343-4 Mortgagee: Sin Hua Bank Ltd., Hong Kong Branch. |
To secure all monies and liabilities |
|
11-01-1999 |
Instrument: Security Over Deposit in Respect of Obligations of the Depositor Property: Fixed Deposit A/C No. 0360001921, Receipt No. 000004-001 for US$800,000 and any renewal or extension thereof Mortgagee: Union Bank of Hong Kong Ltd., Hong Kong. [Now known as Industrial & Commercial Bank of China (Asia) Ltd.] |
General banking facilities |
|
14-02-2000 |
Instrument: Deed of Charge on Deposit Property: A/C No. 00001-040483-141-04 Mortgagee: Banque Nationale de Paris, Hong Kong Branch. |
The liabilities |
|
01-08-2005 |
Instrument: Deed of Charge Over Accounts Payable executed by the Chargor in favour of the Chargee Property: 1) Fixed Charge: the Chargor, as legal and beneficial owner of the Collateral, and as a continuing security for the payment and discharge of the Obligations, charges in favour of the Chargee by way of first fixed charge, the Accounts Payable 2) Assignment: the Chargor, as legal and beneficial owner, assigns to the Chargee all of the Chargor’s present and future rights, titles, claims, benefits and interests in, to and under any and all present and future Accounts Payable 3) Floating Charge: the Chargor, as legal and beneficial owner of the Accounts Payable, and as a continuing security for the payment and discharge of the Obligations, charges and agrees to charge in favour of the Chargee all present and future Accounts Payable by way of first floating charge Mortgagee: Sony International (Hong Kong) Ltd., Hong Kong. [Chargee] |
Any and all of such payments, liabilities, indebtedness, obligations, fees, costs and expenses herein called the “Obligations” |
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.44.93 |
|
UK Pound |
1 |
Rs.72.92 |
|
Euro |
1 |
Rs.64.34 |
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 |
|
---- |
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.