MIRA INFORM REPORT
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Report Date : |
23.11.2011 |
IDENTIFICATION DETAILS
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Name : |
PHUONG MINH SERVICE AND TRADING INVESTMENT
COMPANY LIMITED |
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Registered Office : |
No. 10/49, Thinh Hao 1 Lane Ton Duc Thang
Street, Hang Bot Ward, Dong Da District, Ha Noi City |
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Country : |
Vietnam |
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Year of Establishment : |
09.03.2006 |
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Com. Reg. No.: |
0102025191 |
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Legal Form : |
Limited Liability Company |
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Line of Business : |
subject specializes in trading in chemicals, dyes and materials of garment, weaving and paper industries |
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 – September 30th, 2011
|
Country Name |
Previous Rating (30.06.2011) |
Current Rating (30.09.2011) |
|
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
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Registered English Name |
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PHUONG MINH SERVICE AND TRADING INVESTMENT
COMPANY LIMITED |
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Registered Vietnamese Name |
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CONG TY TNHH DAU TU THUONG MAI VA DICH VU
PHUONG MINH |
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Registered Short name |
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PHUONG MINH IST 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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2006 |
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Business Registration No. |
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0102025191 |
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Date of Registration |
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09 Mar 2006 |
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Place of Registration |
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Planning and Investment Department of Ha
Noi City |
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Current registered capital |
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800,000,000 VND |
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Status |
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Unlisted |
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Tax code |
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0101889064 |
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Total Employees |
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6 |
company ADDRESSES
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Head Office |
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Address |
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No. 10/49, Thinh Hao 1 Lane Ton Duc Thang
Street, Hang Bot Ward, Dong Da District, Ha Noi City, Vietnam |
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Telephone |
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(84-4) 37323772 |
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Fax |
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(84-4) 37323772 |
DIRECTORS
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1.
NAME |
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Ms.
TRUONG THI MINH HAI |
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Position |
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Director |
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Date of Birth |
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22 Jul 1952 |
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ID Number/Passport |
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011162407 |
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Resident |
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No. 25B7 Lang Ha
Street, Dong Da District, Ha Noi City, Vietnam |
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Nationality |
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Vietnamese |
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2.
NAME |
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Ms.
TRUONG THI MINH THU |
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Position |
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Deputy General Director |
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Nationality |
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Vietnamese |
BUSINESS NATURE AND ACTIVITIES
The subject specializes in trading in chemicals, dyes and materials of garment, weaving and paper industries.
IMPORT & EXPORT ACTIVITIES
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IMPORT: |
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·
Types of products |
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Materials |
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·
Market |
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India, China and Germany |
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·
Mode of payment |
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T/T |
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EXPORT: |
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Notes: N/A |
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BANKERS
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1.
ASIA COMMERCIAL BANK CUA NAM BRANCH |
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Address |
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No.48 Phung Hung, Hoan Kiem District, Ha Noi City, Vietnam |
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Telephone |
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(84-4) 3928 9802 |
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Fax |
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(84-4) 3928 9804 |
SHAREHOLDERS
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1.
NAME |
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Ms.
TRUONG THI MINH HAI |
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Position |
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Director |
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Date of Birth |
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22 Jul 1952 |
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ID Number/Passport |
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011162407 |
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Resident |
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No. 25B7 Lang Ha Street, Dong Da District,
Ha Noi City, Vietnam |
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Nationality |
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Vietnamese |
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Value of shares |
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400,000,000 VND |
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Percentage |
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50% |
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2.
NAME |
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Ms.
TRUONG THI MINH THU |
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Position |
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Deputy General Director |
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Value of shares |
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240,000,000 VND |
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Percentage |
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30% |
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3.
NAME |
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Ms.
TRUONG THI HUONG GIANG |
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Value of shares |
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160,000,000 VND |
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Percentage |
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20% |
FINANCIAL DATA
The financial data of the subject is not available.
According to Ms. Truong Thi Minh Hai - director of the subject, she said that
estimated revenue in 2010 of the subject is around 3 billion VND.
PAYMENT HISTORY & PERFORMANCE
EXPERIENCES
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Trade Morality |
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Normal |
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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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Below Average |
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Development trend |
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Stable |
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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 |
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Sale Methods |
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Distributor |
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Public opinion |
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Limited |
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CREDIT INQUIRY: USD 125,000 |
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Caution |
INTERPRETATION ON THE SCORES
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PHUONG
MINH IST CO., LTD was established in March 2006 with the business certificate
No. 0102025191. The subject’s registered capital of VND 800 million and three
shareholders: Ms. Truong Thi Minh Hai, Ms. Truong Thi Minh Thu and Ms. Truong
Thi Huong Giang. They have family relation. The subject is located at No.
10/49, Thinh Hao 1 Lane, Ton Duc Thang Street, Hang Bot Ward, Dong Da
District, Ha Noi City, Vietnam. The
subject registered in many business fields. However, at the moment, it
specializes in trading in chemicals, dyes, and materials of garment, weaving
and paper industries. The subject imports chemicals and materials from India,
China and Germany. The
subject is small company. It has to face with many difficulties in competing
with other big companies. The financial data of the subject is not available.
Ms. Truong Thi Minh Hai - director of the subject revealed that estimated
revenue in 2010 year is around VND 3 billion. In
overview, the subject is family based company. The subject operates mainly
basing on its paid-up capital and previous customer relation. Its future
prospect is normal. Currently, the subject has ability to meet small
financial commitments but caution for big financial commitments. |
APPENDIXES
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INDUSTRY DATA |
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Industry code |
Growth speed by
price compared with 1994 (%) |
Total
enterprises 2009 |
Total employees
2010 (Thous.pers.) |
Annual average
capital of enterprises 2009 (billion dongs) |
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|
2010 |
2009 |
|||||
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Agriculture,
Forestry and Fishing |
2.78 |
1.82 |
8,749 |
23,896.3 |
81,559 |
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Industry and
Construction |
7.70 |
5.52 |
85,115 |
10,630 |
2,751,975 |
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Trade and
Services |
7.52 |
6.63 |
154,978 |
14,522 |
4,939,069 |
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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 |
72.2 |
57.1 |
62.7 |
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Imports |
84.8 |
69.9 |
80.7 |
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Trade Balance |
-12.6 |
-12.8 |
-18 |
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Source: General
Statistics Office
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.52.70 |
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UK Pound |
1 |
Rs.82.44 |
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Euro |
1 |
Rs.71.08 |
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 |
|
<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.