MIRA INFORM REPORT
|
Report Date : |
07.09.2011 |
IDENTIFICATION DETAILS
|
Name : |
CHANG CHUN PETROCHEMICAL CO., LTD. |
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Registered Office : |
No.301, |
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Country : |
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Date of Incorporation : |
10.07.1964 |
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Com. Reg. No.: |
11384806 |
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Legal Form : |
Joint Stock Company |
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Line of Business : |
Manufacturing and sales of polyvinyl alcohol, glacial acetic acid, butyl
acetate, formalin, hexamine, hydrogen peroxide, ultra-purity electronic grade
hydrogen peroxide, epoxidized soya bean oil, copper foil, antioxidants,
melamine, etc |
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 |
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Maximum Credit Limit : |
USD 100,000 |
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Status : |
Satisfactory |
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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 – March 31st, 2011
|
Country Name |
Previous Rating (31.12.2010) |
Current Rating (31.03.2011) |
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Taiwan |
a2 |
a2 |
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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 |
Contact Points
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Company Name: |
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Supplied Name: |
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Trading Address: |
No.301, |
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Supplied Address: |
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Telephone Number: |
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Fax Number: |
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E-mail: |
Notes: Subject’s exact name and address are as
above.
Credit Summary
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Credit Rating: |
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Credit Opinion: |
Company Identification Details
History
Subject was
incorporated on
Events
|
2009 |
Polyvinyl alcohol film started-up at
Miao-Li factory of Chang Chun Petrochemical Co., Ltd. |
|
2008 |
Phenolic Novolac Epoxy at Hsin-chu factory
of Chang Chun Plastics Co., Ltd. was put on stream. Clear Epoxy Molding Compound was put on
stream at Hsin-chu factory under the license of Panasonic Electric Works Co.,
Ltd. Liquid crystalline polymer & Liquid
crystalline polymer compound developed by Hsin-chu Factory were put on
stream. Expansion of Polyester Plasticizer was
completed at Kaohsiung of Chang Chun Plastics Co., Ltd. Expansion of High Solid Content Methylated
Melamine Resin was completed at Established Chang Chun Dairen UK Limited, a
joint venture among Chang Chun Petrochemical Co., Ltd.,Chang Chun Plastics
Co., Ltd. and Dairen Chemical Corporation. |
|
2007 |
Ethylene-Vinyl Alcohol Copolymer started-up
with capacity of 20,000MT/Y of Chang Chun Petrochemical Co.,Ltd. at Polyvinyl Alcohol Acetic Ester and PBT
Resin started-up at Chang Chun Chemical ( Established Chang Long Chemical(Shenzhen)
Co.,Ltd. |
|
2006 |
Ortho Cresol Novalac Resin started-up with
capacity of 3,600MT/Y of Chang Chun Plastics Co.,Ltd. at Low Brominated Resin with capacity of
16,800MT/Y at Ta-Fa Factory was put on stream. Polyvinyl Butyral Interlayer Film
started-up with capacity of 2,000MT/Y of Chang Chun Petrochemical Co.,Ltd. at
Miao Li factory. Low Brominated Resin started-up at Chang
Chun Chemical ( The third Plant of Allyl Alcohol at |
|
2005 |
Construction of the 2nd line of Glass Epoxy
Copper Clad Laminate was completed. The total capacity is The Epoxy Resin Plant with capacity of 6,000MT/Y
immigrated from Sumitomo Chemical 123,000MT/Year of Acetone and
200,000MT/Year of Phenol and 280,000MT/Y of Cumene were put on stream at
Ta-Fa Factory. 135,000MT/Y of Bis-Phonol A was put on
stream at Ta-Fa Factory. Liquid Epoxy Resin with capacity of
30,000MT/Y at Ta-Fa factory was put on stream. Kaohsiung Factory of Chang Chun Plastics
Co.,Ltd. passed the verification of ISO-14001(2004 edition). The Co-generation plant with capacity of
330MT/hr steam and 49,900KW power of Chang Chun Petrochemical at Ta-Fa was
completed. Methylated Melamine Formaldehyde Resin and
EL grade Hydrogen Peroxide started-up at Chang Chun Chemical( Started construction of
Polytetramehtylene-Ehter-Glycol and 1,4-Butanediol at The third Plant of Vinyl Acetate Monomer at
|
|
2004 |
Expansion of the D line of PBT compound
with capacity of 15,000MT/Y at CCP acquired 80% stake from Sumitomo
Chemical to form Chang Chun Merisol RSA(PTY) Ltd., which produces Ortho
Cresol Novolac in Sasolberg, RSA |
|
2003 |
Established Chang Chun Chemical (ZhangZhou)
Co., Ltd. at Dairen Chemical's AAL Plant increased
capacity (70% AAL) to 100,000 MTY at Dairen Chemical's VAM Plant at Mai-Liao
factory increased to 300,000 MT in 2003 and become the world's largest VAM
Plant with single reactor. Established Dairen Chemical ( |
|
2002 |
Formaldehyde、Para Formaldehyde and Phenolic Formaldehyde
Resin at Mai-Liao Factory of Chang Chun Plastics were completed. Glass Fiber at Ta-Fa Factory of Chang Chun
Plastics was completed. The third set of Co-generation Plant at
Miao-Li Factory of Chang Chun Petrochemical was completed. |
|
2001 |
Taiwan Engineering Plastics Co.,Ltd.
changed its name as Polyplastics Taiwan Co.,Ltd.. Chang Chun Petrochemical start production
of Nicotinic Acid (Niacin) and Basic Chromium Sulfate (BCS) at Miao-Li. Tetra-methyl Ammonium Hydroxide (TMAH) at
Miao-Li Factory of Chang Chun Petrochemical was completed. Expansion of the 6th Plant of Copper Foil
at Miao-Li Factory was completed. Expansion of the 2nd Line of Dry Film Photo
Resist Plant at Hsin-Chu was completed. The total capacity will be Ta-Fa Factory of Chang Chun Plastics
Co.,Ltd. passed the verification of ISO-9001：2000 which was audited by BSMI, R. O. C.. Dairen Chemical started production of Vinyl
Acetate Monomer Plant with capacity 240,000MT/Y at Mai-Liao Factory and BDO
No.2 Plant with capacity 70,000MT/Y at Ta-Fa Factory. |
|
2000 |
Triphenyl Phosphate Flame Retardant Plant
at Hsin-Chu Factory was completed. Expansion of the 3rd line of Epoxy Resin
Molding Compound was completed. Expansion of Glass Epoxy Copper Clad
Laminate Plant was started. The capacity will be Expansion of PBT Compound was completed. Expansion of the 5th Plant of Copper Foil
at Miao-Li Factory was completed. Rogers Chang Chun Technology Co.,Ltd., a
joint venture by Chang Chun Plastics Co.,Ltd. and Rogers Corporation of Dairen Chemical completed the construction
of Polytetramethylene- Ether-Glycol (PTMEG) Plant at Ta-Fa and started-up
with capacity 10,000MTY. Dairen Chemical’s Ta-Fa Factory Granted BDO、MPO
ISO-9002 Certificate. Dairen Chemical’s VAE Redispersible Powder
No.2 Plant started-up with capacity 9,000MTY. Dairen Chemical (M) Sdn. Bhd. EVA Emulsion
Plant started-up with capacity 30,000MTY. |
|
1999 |
Hsin-Chu Factory of Chang Chun Plastics
Co.,Ltd. passed the verification of ISO-14001 which was audited by BCIQ R. O.
C.. Established Guangdong Shen Xing Chemical
Ltd. Co. in Mainland Melamine Plant & Pyridine Plant &
Picoline Plant at Miao-Li were completed and production commenced. Expansion of The forth plant of Copper Foil
at Miao-Li was completed. TOK Taiwan Co.,Ltd., a joint venture by
Chang Chun Petrochemical Co.Ltd. and Tokyo Ohka Co.,Ltd. of Chang Chun Plastics' Hsin-Chu Factory
completed its Liquid Photo Reisit for Circuit Board was
developed and producted in Hsin-Chu Factory. Dairen Chemical’s VAM Plant switched to
produce Allyl Alcohol with capacity 89,000MTY. |
|
1998 |
Dry Film Photo Resist Plant at Hsin-Chu was
completed and production commenced. Epoxy Flame Retardant was successfully
developed and produced in Hsin-Chu Factory. Ta-Fa Factory of Chang Chun Plastics
Co.,Ltd. passed the Verification of ISO-14001 which was audited by BCIQ, R.
O. C.. The continuous process of PBT Resin at
Kaohsiung Factory was completed. Miao-Li factory of Chang Chun Petrochemical
Co., Ltd. passed the Verification of ISO-14001 which was audited by BCIQ, R.
O. C.. Developer Plant in Miao-Li was completed
and production commenced. Dairen Chemical developed the process for
manufacture of 1,4-Butanediol and completed the construction of
1,4-Butanediol Plant at Ta-Fa and commenced its production. Sumitomo Bakelite ( Dairen Chemical(M) Sdn. Bhd. established in
|
|
1997 |
The sixth and seventh lines of Epoxy Resin
Plant at Hsin-Chun were completed. The second plant of High Purity Hydrogen Peroxide
for Semi-conductor Plant at Miao-Li was completed and production commenced. The Plant of PET Resin for bottles at Expansion of the third plant of Butyl
Acetate at Miao-Li was completed and production commenced. Dairen Chemical’s Kaohsiung Factory Granted
VAM、EVA ISO-14001 Certificate. |
|
1996 |
Kaohsiung Factory of Chang Chun Plastics
Co.,Ltd. passed the Verification of ISO-14001 which was audited by BCIQ,
R.O.C.. Ta-Fa Factory of Chang Chun Plastics
Co.,Ltd. passed the Verification of ISO-9002 which was audited by BCIQ, R. O.
C.. Expansion of the 2nd line of PBT at
Kaohsiung Factory was completed. Epoxidized Linseed Oil Plant in Miao-Li was
completed and production commenced. Ta-Fa Factory of Chang Chun Plastics Co.,Ltd.
was recognized by EPA as having excellent measures in pollution prevention. Dairen Chemical’s EVA Emulsion No.7 unit
and No.8 unit started-up with capacity 26,000MTY at Kaohsiung Factory. |
|
1995 |
The fifth Plant of Copper Clad Laminates at
Hsin-Chu was completed. Expansion of the second line of Epoxy Resin
Moulding Powder at Hsin-Chu was completed. Automation and automatic warehouse of
Phenolic Resin Moulding Compound were completed. Plants of co-generation at Hsin-Chuand
Ta-Fa Factory were completed. Expansion of the third plant of Copper Foil
at Miao-Li was completed. Epoxy Resin Plant at Kaohsiung Factory was
completed. |
|
1994 |
Chang Chun Petrochemical's Antioxidant
& High Purity Hydrogen Peroxide for Semi-conduxtor Plant were completed
and production commenced. Chang chun Plastic's Insulation Paper Plant
at Ta-Fa was completed and production commenced. Kaoshiung factory and Hsin-Chu factory of
Chang Chun Plastics Co., Ltd. and Miao-Li factory of Chang Chun Petrochemical
Co., Ltd. passed the Verification of ISO-9002 which were audited by Bureau of
Commercial Inspection & Quarantine Ministry of Economic Affairs. Plants of PT. Chang Chun DPN Chemical
Industry, Dairen Chemical’s VAE Redipersible Powder
Plant started-up with capacity 1,000Mty at Kaohsiung Factory. |
|
1993 |
Chang Chun Petrochemical began to build its
Antioxidant Plant at Miao-Li. Expansion of Copper Foil Plant at Miao-Li
was completed. Flue gas desulfurization system and trubine
machine were completed and commenced operation at the co-generation plant at
Miao-Li. Sales of power to Taiwan Power Company started. Chang Chun Petrochemical began to build
Waste Water Treatment Plant in Miao-Li with United Chemical Laboratory's UASB
process. The third Copper Clad Laminates Plant at
Hsin-Chu was completed in June. Polyester Plasticizer Plant at Construction of Molding Compound and Paper
Strength Resin Plants of PT. Chang Chun DPN Chemical Industry, Expansion of α-Cyanoacrylate Adhesive
by 360MTY at Ta-Fa factory of Chang Chun Plastics was completed, construction
of Insulation Paper Plant was begun. Dairen Chemical’s Kaohsiung Factory Granted
VAM and EVA ISO-9002 Certificate. |
|
1992 |
The third plant of Hydrogen Peroxide at
Miao-Li was completed and commenced production. Expansion of both Epoxidized Soyabean Oil
plant and Polyvinyl Acetate Emulsion plant were completed. Epoxy Resin Molding powder plant at
Hsin-Chu increased production. |
|
1991 |
Acrylic Emulsion plant expansion at Miao-Li
was completed. Construction of the new manufacturing process
pilot plant for Urea Molding Cornpound at POM plant of TEPCO at Ta-Fa was completed
and production commenced. |
|
1990 |
The sixth line of PVA at the Miao-Li
factory was completed. The second plany of co-generation was
completed. The capacity was 24,000KWh of Electricity and 210 MT/hr of Steam. The second plant of Copper Clad Laminates
at Hsin-Chu was completed in March. Established TRIPLEX CHEMICAL CORPORATION, a
joint venture by chang Chun Petrochemical and Yee Fong Chemical & Ind Co.
Ltd., for the production of 12,000 MTY EPICHLOROHYDRIN (ECH) under the
licenses of SHOWA DENKO K.K., Dairen Chemical's EVA Emulsion No.5 unit
and No.6 unit started-up with capacity 26,000MTY at Kaohsiung Factory. |
|
1989 |
The technology for PVC Stabilizer
manufactured at Chang Chun Plastics Kaoshiung factory was licensed from ADEKA
ARGUS CHEMICAL CO.,LTD. Chang Chun Plastics Kaohsiung factory began
to produce Reactive Diluents for Epoxy Resin. Established Chang Chiang Chemical Co.,
Ltd., a joint venture between Chang, Chun Plastics and ASAHl DENKA KOGYO CO.,
LTD. (ADEKA ARGUS) Hsin-Chu factory of Tai Hong Circuit Ind.
Co. was completed and began to produce Multilayer Printed Circuit Boards. |
|
1988 |
Copper Foil plant at Chang Chun
Petrochemical' Miao-Li factory was completed and production commenced. Developed the manufacturing process for
Trimethylol Propane (TMP). Later, commercial plant was completed and
production commenced. The second plant of Epoxidized Soyabean Oil
at Miao-Li was completed. Established Tsu-Kong Co., TION, a joint
venture between Chang Chun Plastics and Sumitomo Bakelite Co., Ltd. of The fourth line of Epoxy Resin Plant at
Hsin-Chu was completed. Epoxy Resin Molding Encapsulant plant at
Hsin-Chu was completed. PBT plant at Chang Chun Plastics Kaohsiung factory began
to produce Flocculants (Emulsion type). Established Taiwan Engineering Plastics
Co., Ltd., a joint venture by Chang Chun Group, Hoechst AG. of Germinay,
Hoechst Celanese Corp. of USA, Polyplastics Co., Ltd. of Japan and Hoechst
Taiwan, for the production of 20,000 MTY POM (Poly Acetal). Dairen Chemical’s EVA Emulsion No.4 unit
started-up with capacity 6,600MTY at Kaohsiung Factory. |
|
1987 |
The technology for manufacturing Polyester
Plasticizer at Chang Chun Plastics' Chang Chun Petrochemical began to design
and build the Copper Foil Plant. The third auto production line of Single
Sided Printed Circuit Board was completed by Tai Hong Circuit Ind. Co.. Epoxy Resin, and Phenolic Resin Plant at
Hsin-Chu were completed further expanded. The Premix Plant at The PBT plant and Epoxy Resin Molding
Encapsulant Plant are under construction. Dairen Chemical’s EVA Emulsion No.3 unit
started-up with capacity 6,600MTY at Kaohsiung Factory. |
|
1986 |
Chang Chun Plastics' Hsin-Chu Factory
completed its l 80,000 SQMM Phenolic Copper-Clad Laminates (PLC) Plant
construction. Dairen Chemical’s EVA Emulsion No.1 unit
and No.2 unit started-up with capacity 2,700MTY each at Kaohsiung Factory. |
|
1985 |
Dairen Chemical's EVA plant was completed
abd began production of EVA. A co-generation plant and the Acrylamide
Plant were completed at Miao-Li and |
Awards
|
Year |
Awards |
|
2007 |
Blue chip importer and exporter |
|
2008 |
Blue chip importer and exporter |
|
2009 |
Blue chip importer and exporter |
Standard
of Blue chip importer and exporter
Unit: USD
|
Year |
Amount |
|
2007 |
18,000,000 |
|
2008 |
19,000,000 |
|
2009 |
15,000,000 |
Shareholders
|
Name |
Subscription
Shares |
|
Shu Hong Lin |
22,843,574 |
|
Long Xing Liao |
|
|
29,521,617 |
|
|
Xin Yi Zheng |
79,020,293 |
|
Xian Jin Chen |
8,687,455 |
|
Bo Kai Liao |
3,852,573 |
|
Xian Dong Lin |
27,697,902 |
|
Zheng Zheng |
25,023,462 |
|
Xian Zhang Chen |
250,193 |
|
Qing Ying Lin |
19,739,343 |
|
Jie Wang |
3,852,573 |
The information above is that of subject’s major shareholders.
Subsidiaries
& Branches
Factory
|
1 |
|
|
MiaoLi
Factory |
|
|
Address |
246,
Fu Hsing, Fu An Li, Miao-Li 360, |
|
2 |
|
|
Name |
MaiLiao Factory |
|
Address |
No.26 |
|
Date of Registration |
|
|
Registration
Number: |
70760215 |
|
Manager |
Shu Hong Lin |
|
3 |
|
|
Name |
DaFa Factory |
|
Address |
|
It is introduced that subject has factories
and offices in the mainland of
Personnel Information
Core Management
|
1 |
|
|
Name |
Shu Hong Lin |
|
Position |
Board Chairman |
|
2 |
|
|
Name |
Long Xing Liao |
|
Position |
|
|
3 |
|
|
Name |
Xin Yi Zheng |
|
Position |
|
|
4 |
|
|
Name |
Xian Jin Chen |
|
Position |
|
|
5 |
|
|
Name |
Bo Kai Liao |
|
Position |
Director |
|
6 |
|
|
Name |
Xian Dong Lin |
|
Position |
Director |
|
7 |
|
|
Name |
Zheng Zheng |
|
Position |
Director |
|
8 |
|
|
Name |
Xian Zhang Chen |
|
Position |
Director |
|
9 |
|
|
Name |
Qing Ying Lin |
|
Position |
Director |
|
10 |
|
|
Name |
Jie Wang |
|
Position |
Supervisor |
|
11 |
|
|
Name |
Shi Guang Su |
|
Position |
Supervisor |
Personnel Structure
|
Total Employees |
About
1,400 Employees |
Operation Information
Offices & Factories
|
|
Headquarters |
|
Add |
Production Information
l
Subject
has three factories in
l
The
major products which subject produces include polyvinyl alcohol,
glacial acetic acid, butyl acetate, formalin, hexamine, hydrogen peroxide, ultra-purity
electronic grade hydrogen peroxide, epoxidized soya bean oil, copper foil,
antioxidants, melamine, etc.
l
Subject
also has related factories in the mainland of
l
The
registered activities of subject:
|
C801010 |
Basic chemical manufacturing industry |
|
C801030 |
Precision chemical material manufacturing
industry |
|
C802060 |
Animal drug manufacturing industry |
|
C802120 |
Additive manufacturing industry |
|
C801020 |
Petrochemical raw materials manufacturing industry |
|
C801040 |
Synthetic resin manufacturing industry |
|
C801050 |
Plastic raw material manufacturing industry |
|
CB01030 |
Pollution controlling equipment
manufacturing industry |
|
CC01010 |
Power generation, transmission and distribution
machinery manufacturing industry |
|
CC01020 |
Electric wires and cables manufacturing
industry |
|
CC01050 |
Data storage and processing equipment
manufacturing industry |
|
CC01080 |
Electronic parts and components
manufacturing industry |
|
E599010 |
Piping engineering industry |
|
I601010 |
Leasing industry |
|
J101040 |
Waste treatment and disposal industry |
|
A101020 |
Crops growing industry |
|
C201010 |
Feed manufacturing industry |
|
C401010 |
Leather finishing industry |
|
C601010 |
Pulp manufacturing industry |
|
C601020 |
Paper manufacturing industry |
|
C601030 |
Paper container manufacturing industry |
|
C801060 |
Synthetic rubber manufacturing industry |
|
C801070 |
High pressure gas industry |
|
C802010 |
Fertilizers manufacturing industry |
|
C802020 |
Man-made fibers manufacturing industry |
|
C802030 |
Coatings and paint industry |
|
C802090 |
Cleaning preparations manufacturing
industry |
|
C901020 |
Glass and glass products manufacturing
industry |
|
CA01110 |
Copper industry |
|
CA03010 |
Metal heat treating industry |
|
CA04010 |
Metal surface treating industry |
|
CB01010 |
Machinery and equipment manufacturing
industry |
|
CC01060 |
Wired communications equipment and apparatus
manufacturing industry |
|
ZZ99999 |
Besides licensed business, all other
business items that are not banned or restricted. |
l
It is
introduced that subject purchases raw materials mainly from its subsidiaries in
l
Subject
is engaged in sales of polyvinyl alcohol, glacial acetic acid, butyl acetate,
formalin, hexamine, hydrogen peroxide, ultra-purity electronic grade hydrogen
peroxide, epoxidized soya bean oil, copper foil, antioxidants, melamine... etc.
Products are supplied to chemical, textile, coating, resin, semi-conductor,
pharmaceutical, electronic, paper, and plastic industries.
l
Products
are supplied to chemical, textile, coating, resin, semi-conductor,
pharmaceutical, electronic, paper, and plastic industries.
l
Subject
sells products all over the world.
l
It is
introduced that subject’s general delivery date for Taiwan factories is 2~5
months and the general delivery date for factories in the mainland of China is
1~1.5 months, thus usually the export business turned to be in charge of by
subject’s factories in the mainland of China.
Settlements
Purchase
Domestic
Purchase
|
Payment
Terms |
|
|
Raw
Materials |
COD,
etc |
Foreign
Purchase
Sales
Domestic
Markets
|
Sales
Terms |
|
|
Polyvinyl
alcohol, glacial acetic acid, butyl acetate, formalin, hexamine, hydrogen
peroxide, ultra-purity electronic grade hydrogen peroxide, epoxidized soya
bean oil, copper foil, antioxidants, melamine... etc. |
CBD, etc |
Export
|
Sales
Terms |
|
|
Polyvinyl
alcohol, glacial acetic acid, butyl acetate, formalin, hexamine, hydrogen
peroxide, ultra-purity electronic grade hydrogen peroxide, epoxidized soya
bean oil, copper foil, antioxidants, melamine... etc. |
Financial Information
The subject has no
obligations to supply its financial statements to the third party according to
the relevant policy in
Subject’s relevant
Staff Ms. Cheng introduced that subject’s annual sales is over NTD 200,000,000,
while the figure is estimated and only for reference.
Bankers
Subject declined to disclose its bank details; from
other source we can not obtain the relevant information, either.
Public Record
Mortgage
No chattel mortgage
record of subject has been found within the recent 3 months.
Lawsuit
Up to date of reporting, no existing or
latent litigation of the subject has been found.
Interview Details
|
Name |
Ms. Cheng |
|
Department |
Sales department |
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.46.13 |
|
|
1 |
Rs.74.18 |
|
Euro |
1 |
Rs.64.88 |
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.