MIRA INFORM REPORT
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Report Date : |
30.05.2011 |
IDENTIFICATION DETAILS
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Name : |
QUANGPHU PINE JOINT STOCK COMPANY |
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Registered Office : |
South Dong Ha Industrial Zone - Dong Ha City - Quang Tri Province |
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Country : |
Vietnam |
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Date of Incorporation : |
09.09.2008 |
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Com. Reg. No.: |
3200290809 |
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Legal Form : |
Joint Stock Company |
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Line of Business : |
Processing Turpentine |
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 : |
Unknown |
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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 – March 31st, 2011
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Country Name |
Previous Rating (31.12.2010) |
Current Rating (31.03.2011) |
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Vietnam |
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
Current legal status
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English Name |
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QUANGPHU PINE JOINT STOCK COMPANY |
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Vietnamese Name |
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CONG TY CO PHAN THONG QUANG PHU |
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Type of Business |
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Joint stock company |
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Year Established |
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2008 |
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Business Registration No. |
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3200290809 |
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Date of Registration |
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09 Sep 2008 (This is the first issued
time) |
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Place of Registration |
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Planning and Investment Department of
Quang Tri Province |
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Current registered capital |
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15,000,000,000 VND |
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Tax code |
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3200290809 |
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Total Employees |
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60 |
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Note: The exact name of the subject is above, not
as given (Quang Phu…) |
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Historical Identification & Legal form
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List |
Changed Items |
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1 |
Subject has got former Business
Registration No: 3003000216 Changed to: 3200290809 |
company ADDRESSES
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Head Office and
factory |
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Address |
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South Dong Ha Industrial Zone - Dong Ha
City - Quang Tri Province - Vietnam |
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Telephone |
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(84-53) 3577268 |
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Fax |
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(84-53) 3577568 |
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Note: The full
address of the subject is above. |
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DIRECTORS
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1.
NAME |
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Mr.
DUONG VAN THOM |
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Position |
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Chairman & Director |
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Date of Birth |
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20 Sep 1962 |
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ID Number/Passport |
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B1144410 |
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ID Issue Date |
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18 Apr 2007 |
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ID Issue Place |
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Immigration Bureau |
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Resident |
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Group 29c, Area 8 Quang
Trung Ward - Uong Bi District - Quang Ninh Province - Vietnam |
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Nationality |
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Vietnamese |
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2.
NAME |
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Mr.
HA SI DONG |
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Position |
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Deputy Chairman cum Deputy Director |
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Nationality |
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Vietnamese |
BUSINESS NATURE AND ACTIVITIES
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The
subject is specialized in processing turpentine. |
IMPORT & EXPORT ACTIVITIES
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IMPORT: Currenly, the
subject does not import. |
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EXPORT: |
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·
Types of products |
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Gum rosin and gum turpentine |
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·
Market |
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Japan, Korea, India, USA |
BANKERS
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1.
VIET NAM JOINT STOCK COMMERCIAL BANK FOR INDUSTRY AND TRADE QUANG TRI BRANCH |
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Address |
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No.236 Hung Vuong Boulevard - Dong Ha City - Quang Tri Province -
Vietnam |
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Telephone |
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(84-53) 3550564 |
SHAREHOLDERS
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1.
NAME |
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QUANG
NINH PINE JOINT STOCK COMPANY |
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Business Registration |
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2203000210 |
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Date of Registration |
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08 Jan 2004 |
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Place of Registration |
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Quang Ninh Department of Planning and Investment |
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Registered Capital |
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10,000,000,000 VND |
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Tax code |
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5700478344 |
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Address |
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Group 1, Area 1 Yen Thanh Ward - Uong Bi
District - Quang Ninh Province - Vietnam |
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Tel |
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(84-33) 3854965 |
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Fax |
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(84-33) 3854263 |
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Number of shares |
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90,000 |
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Value of shares |
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9,000,000,000 VND |
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Percentage |
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60% |
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2.
NAME |
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BEN
HAI FORESTRY ONE MEMBER LIABILITY LIMITED COMPANY |
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Business Registration |
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3004000093 |
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Address |
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Ho Xa Town - Vinh Linh District - Quang Tri Province
- Vietnam |
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Number of shares |
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30,000 |
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Value of shares |
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3,000,000,000 VND |
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Percentage |
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20% |
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3.
NAME |
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Mr.
NGUYEN VAN HO |
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ID Number/Passport |
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100127463 |
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Resident |
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Duc Chinh - Dong Trieu District - Quang Ninh
Province - Vietnam |
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Nationality |
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Vietnamese |
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Number of Shares |
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30,000 |
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Value of shares |
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3,000,000,000 VND |
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Percentage |
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20% |
FINANCIAL DATA
N/A
PAYMENT HISTORY & PERFORMANCE
EXPERIENCES
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Trade Morality |
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Good |
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Liquidity |
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N/A |
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Payment status |
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N/A |
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Financial Situation |
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Average |
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Development trend |
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N/A |
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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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T/T, L/C |
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Sale Methods |
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Other |
INTERPRETATION ON THE SCORES
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The
subject was established in 2008 as a joint stock company. It was granted the
business registration No. 3003000216 on 09 September 2008 by Quang Tri Department
of Planning and Investment. Its registered capital is VND 15 billion. The
subject has head office and factory at South Dong Ha Industrial Zone - Dong
Ha City - Quang Tri Province with total areas of over 2ha. Its premises and
facilities are above average. Actually,
the subject has just begun running since about August 2010. It is specialized
in processing turpentine. Its main products are gum rosin and gum turpentine
which are mainly exported to Japan, Korea, India and USA. It does not import. The
subject's business activities seem busy and effective. According to Ms.
Hien_the subject's accountant staff, in the end five months of 2010, the
subject's turnover reached about VND 50 billion and its profit was about VND
5 billion. In
sum, the subject is a young business. Now, its scale is small, its business
activities are fairly good. The subject's future prospect seem bright.
Currently, it has capacity to meet small transaction. |
APPENDIXES
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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 |
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FOREIGN EXCHANGE RATES
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Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
Rs.45.21 |
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UK Pound |
1 |
Rs.74.31 |
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Euro |
1 |
Rs.64.40 |
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 |
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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.