MIRA INFORM REPORT
|
Report Date : |
27.09.2011 |
IDENTIFICATION DETAILS
|
Name : |
HANOI IMPORT EXPORT & INVESTMENT
CORPORATION |
|
|
|
|
Registered Office : |
41 Ngo Quyen -
Hoan Kiem District - Ha Noi City |
|
|
|
|
Country : |
Vietnam |
|
|
|
|
Financials (as on) : |
31.12.2010 |
|
|
|
|
Date of Incorporation : |
25.06.2006 |
|
|
|
|
Com. Reg. No.: |
0104000309 |
|
|
|
|
Legal Form : |
State Single Limited Liability Company |
|
|
|
|
Line of Business : |
export agricultural-forestry produces,
seafood, art and handicraft; import materials, means of transportation,
machinery, consumer's goods |
RATING & COMMENTS
|
MIRA’s Rating : |
B |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
|
Status : |
Moderate |
|
|
|
|
Payment
Behaviour : |
No Complaints |
|
|
|
|
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) |
|
Vietnam |
b1 |
b1 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
|
Moderate |
B1 |
|
High |
B2 |
|
Very High |
C1 |
|
Restricted |
C2 |
|
Off-credit |
D |
SUBJECT IDENTIFICATION & LEGAL FORM
|
English Name |
|
HANOI IMPORT EXPORT & INVESTMENT CORPORATION |
|
Vietnamese Name |
|
CONG TY TNHH NHA NUOC MOT THANH VIEN XUAT NHAP KHAU VA DAU TU HA NOI |
|
Short name |
|
UNIMEX
HANOI |
|
Type of Business |
|
State single limited liability company |
|
Year Established |
|
1962 |
|
Business Registration No. |
|
0104000309 |
|
Date of Registration |
|
25 Jun 2006 |
|
Place of Registration |
|
Hanoi Planning and Investment Department |
|
Current registered capital |
|
58,575,000,000 VND |
|
Status |
|
Unlisted |
|
Tax code |
|
0100106842 |
|
Total Employees |
|
428 |
|
Size |
|
Large |
compant ADDRESSES
|
Head Office |
||
|
Address |
|
41 Ngo Quyen - Hoan Kiem District - Ha Noi City - Vietnam |
|
Telephone |
|
(+84.4)38264188 |
|
Fax |
|
(+84.4)38259246 |
|
Email |
|
|
|
Website |
|
|
|
Note: The given
address Artex Hanoi, No 172, Ngoc Khanh - Ba Dinh - HN is address of one
subsidiary of UNIMEX HANOI. |
||
|
Branch in Ho Chi Minh |
||
|
Address |
|
No 53 Phan Dinh Phung Street - Phu Nhuan District - Ho Chi Minh City
- Vietnam |
|
Telephone |
|
(84-8)39954408/39954412 |
|
Fax |
|
(84-8) 39954413 |
|
Email |
|
|
|
|
||
|
Branch in Hai Phong |
||
|
Address |
|
No 46 Dien Bien Phu Street - Hong Bang District - Hai Phong City -
Vietnam |
|
Telephone |
|
(84-31) 37660003 |
|
Fax |
|
(84-31) 37660003 |
SUBSIDIARIES AND RELATED COMPANIES
|
1. PARENT COMPANY - HANOI TRADE CORPORATION
|
||
|
Business
Registration |
|
0100101273 |
|
Date of
Registration |
|
09 Dec 2010 |
|
Place of
Registration |
|
Hanoi
Department of Planning and Investment |
|
Registered
Capital |
|
272,147,000,000 VND |
|
Tax code |
|
0100101273 |
|
Address |
|
No.38-40 Le
Thai To Street - Hoan Kiem District - Ha Noi City - Vietnam |
|
Tel |
|
(84-4) 3826
7984/ 3928 5929 |
|
Fax |
|
(84-4) 3826
7983/ 3928 6892 |
|
Website |
|
|
|
|
||
|
2. ARTEX HANOI |
||
|
Business
Registration |
|
0114000365 |
|
Date of
Registration |
|
17 Mar 2006 |
|
Place of
Registration |
|
Hanoi
Depatment of Planning and Invesment |
|
Tax code |
|
0100106842-012 |
|
Address |
|
No 172 Ngoc
Khanh str Giang Vo ward - Ba Dinh District - Ha Noi City - Vietnam |
|
Tel |
|
(84-4)
37713352 - (84-4) 37713350 |
|
Fax |
|
(84-4)
37713349 |
|
Website |
|
|
|
|
||
|
3. HANOI IMPORT EXPORT AND INVESTMENT
CORPORATION BRANCH - HANOI TRADING AND GENERAL EXPORT IMPORT CENTRE |
||
|
Business
Registration |
|
0114000362 |
|
Date of
Registration |
|
07 Mar 2006 |
|
Place of
Registration |
|
Hanoi
Department of Planning and Investment |
|
Tax code |
|
0100106842-011 |
|
Address |
|
No.102 Thai
Thinh - Dong Da District - Ha Noi City - Vietnam |
|
Tel |
|
(84-4)
38533919/38533202/38572086 |
|
Fax |
|
(84-4)
38534237 |
|
|
||
|
4. BRANCH OF HANOI IM EX & INVESTMENT
CORP (UNIMEX HANOI) - PHU DIEN PRODUCING & TRADING ENTERPRISE |
||
|
Business
Registration |
|
0114000438 |
|
Date of
Registration |
|
14 Jul 2006 |
|
Place of
Registration |
|
Ha Noi
Department of Planning and Investment |
|
Address |
|
26A Cau Dien
Market Cau Dien Street - Tu Liem District - Ha Noi City - Vietnam |
|
Tel |
|
(84-4)
37644756/ 37478913 |
|
Fax |
|
(84-4)
37645379/ 37478913 |
|
Website |
|
|
|
|
||
|
5. THU DO MANUFACTURE AND IMPORT EXPORT
ENTERPRISE |
||
|
Business
Registration |
|
0114000454 |
|
Date of
Registration |
|
11 Aug 2006 |
|
Place of
Registration |
|
Hanoi
Department of Planning and Investment |
|
Tax code |
|
0100106842-010 |
|
Address |
|
26B Cau Dien
market street - Tu Liem District - Ha Noi City - Vietnam |
|
Tel |
|
(84-4)
37634231 |
|
Fax |
|
(84-4)
37645156 |
|
|
||
|
6. HA NOI TRADING AND PACKAGING ENTERPRISE |
||
|
Address |
|
No 98 Hoang
Cau - Dong Da District - Ha Noi City - Vietnam |
|
Tel |
|
(84-4)
38513669 |
|
Fax |
|
(84-4)
35110855 |
|
|
||
|
7. UNIMEX-EXPORT |
||
|
Address |
|
No 41 Ngo
Quyen - Hoan Kiem District - Ha Noi City - Vietnam |
|
Tel |
|
(84-4)39348736
|
|
Fax |
|
(84-4)
39362910 |
|
|
||
|
8. UNIMEX-IMPORT |
||
|
Address |
|
No 201 Kham
Thien Street, Tho Quan Ward - Dong Da District - Ha Noi City - Vietnam |
|
Tel |
|
(84-4)
35133933 |
|
Fax |
|
(84-4)
35133636 |
|
|
||
|
9. UNIMEX REAL ESTATE |
||
|
Address |
|
No 41 Ngo
Quyen - Hoan Kiem District - Ha Noi City - Vietnam |
|
Tel |
|
(84-4)
35114582 |
|
Fax |
|
(84-4)
35114582 |
DIRECTORS
|
1. NAME |
|
Mr. TRAN QUOC HUNG |
|
Position |
|
General Director |
|
ID Number/Passport |
|
CV S0025300 |
|
|
||
|
2. NAME |
|
Mr. NGUYEN QUOC KHANH |
|
Position |
|
Deputy General Director |
|
Nationality |
|
Vietnamese |
|
|
||
|
3. NAME |
|
Ms. DANG THI MINH CHI |
|
Position |
|
Deputy General Director |
|
Nationality |
|
Vietnamese |
|
|
||
|
4. NAME |
|
Ms. LE THI KIM OANH |
|
Position |
|
Deputy General Director |
|
Nationality |
|
Vietnamese |
|
|
||
|
5. NAME |
|
Ms. NGUYEN THI PHUONG LIEN |
|
Position |
|
Accountant |
|
Nationality |
|
Vietnamese |
BUSINESS NATURE AND ACTIVITIES
Unimex
Ha Noi specializes in export agricultural-forestry produces, seafood, art and
handicraft; import materials, means of transportation, machinery, consumer's
goods and manufacture goods for export
IMPORT & EXPORT ACTIVITIES
|
EXPORT: |
||
|
·
Types
of products |
|
Agricultural-forestry
produces, seafood, art and handicraft |
|
·
Market
|
|
N/A |
|
IMPORT: |
||
|
·
Types
of products |
|
Materials,
means of transportation, machinery, consumer's goods |
|
·
Market
|
|
N/A |
BANKERS
|
1. JOINT STOCK COMMERCIAL
BANK FOR FOREIGN TRADE OF VIETNAM HA NOI BRANCH |
||
|
Address |
|
No 344 Ba
Trieu - Hai Ba Trung District - Ha Noi City - Vietnam |
|
Telephone |
|
(84-4)
39423038 / 39420770 |
|
Fax |
|
(84-4)
38228039 |
SHAREHOLDERS
|
1. NAME |
|
HANOI'S PEOPLE COMMITEE |
|
Value of
shares |
|
58,575,000,000 VND |
|
Percentage |
|
100% |
FINANCIAL DATA
|
BALANCE SHEET |
|
Unit: One VND
|
|
|
Balance sheet date |
31/12/2010 |
|
Number of weeks |
52 |
|
ASSETS |
|
|
A – CURRENT ASSETS |
552,726,470,359 |
|
I. Cash and cash equivalents |
21,517,250,719 |
|
1. Cash |
21,517,250,719 |
|
2. Cash
equivalents |
0 |
|
II. Short-term investments |
900,000,000 |
|
1. Short-term
investments |
900,000,000 |
|
2. Provisions
for devaluation of short-term investments |
0 |
|
III. Accounts receivable |
404,197,327,079 |
|
1. Receivable
from customers |
288,028,793,744 |
|
2. Prepayments
to suppliers |
117,775,577,117 |
|
3.
Inter-company receivable |
0 |
|
4. Receivable
according to the progress of construction |
0 |
|
5. Other
receivable |
24,809,040,767 |
|
6. Provisions
for bad debts |
-26,416,084,549 |
|
IV. Inventories |
106,166,071,021 |
|
1. Inventories
|
106,720,828,363 |
|
2. Provisions
for devaluation of inventories |
-554,757,342 |
|
V. Other Current Assets |
19,945,821,540 |
|
1. Short-term
prepaid expenses |
721,699,194 |
|
2. VAT to be
deducted |
13,405,693,110 |
|
3. Taxes and
other accounts receivable from the State |
80,275,430 |
|
4. Other
current assets |
5,738,153,806 |
|
B. LONG-TERM ASSETS |
183,322,921,806 |
|
I. Long term account receivable |
1,000,000,000 |
|
1. Long term
account receivable from customers |
0 |
|
2. Working
capital in affiliates |
0 |
|
3. Long-term
inter-company receivable |
0 |
|
4. Other
long-term receivable |
1,000,000,000 |
|
5. Provisions
for bad debts from customers |
0 |
|
II. Fixed assets |
13,653,658,923 |
|
1. Tangible
assets |
12,461,085,720 |
|
- Historical
costs |
31,827,029,593 |
|
- Accumulated
depreciation |
-19,365,943,873 |
|
2. Financial
leasehold assets |
0 |
|
- Historical
costs |
0 |
|
- Accumulated
depreciation |
0 |
|
3. Intangible
assets |
0 |
|
- Initial
costs |
0 |
|
- Accumulated
amortization |
0 |
|
4.
Construction-in-progress |
1,192,573,203 |
|
III. Investment property |
141,800,617,834 |
|
Historical
costs |
151,573,548,361 |
|
Accumulated
depreciation |
-9,772,930,527 |
|
IV. Long-term investments |
26,039,102,332 |
|
1. Investments
in affiliates |
6,112,818,332 |
|
2. Investments
in business concerns and joint ventures |
12,845,000,000 |
|
3. Other
long-term investments |
7,081,284,000 |
|
4. Provisions
for devaluation of long-term investments |
0 |
|
V. Other long-term assets |
829,542,717 |
|
1. Long-term
prepaid expenses |
820,542,717 |
|
2. Deferred
income tax assets |
0 |
|
3. Other
long-term assets |
9,000,000 |
|
VI. Goodwill |
0 |
|
1. Goodwill |
0 |
|
TOTAL ASSETS |
736,049,392,165 |
|
|
|
|
LIABILITIES |
|
|
A- LIABILITIES |
631,858,095,951 |
|
I. Current liabilities |
477,014,455,874 |
|
1. Short-term
debts and loans |
359,568,990,378 |
|
2. Payable to
suppliers |
47,182,437,139 |
|
3. Advances
from customers |
12,795,178,140 |
|
4. Taxes and
other obligations to the State Budget |
7,862,201,767 |
|
5. Payable to
employees |
15,782,277,668 |
|
6. Accrued
expenses |
2,247,807,839 |
|
7.
Inter-company payable |
67,881,397 |
|
8. Payable
according to the progress of construction contracts |
0 |
|
9. Other
payable |
31,507,681,546 |
|
10. Provisions
for short-term accounts payable |
0 |
|
II. Long-Term Liabilities |
154,843,640,077 |
|
1. Long-term
accounts payable to suppliers |
0 |
|
2. Long-term
inter-company payable |
0 |
|
3. Other
long-term payable |
144,341,841,979 |
|
4. Long-term
debts and loans |
9,655,405,373 |
|
5. Deferred
income tax payable |
0 |
|
6. Provisions
for unemployment allowances |
846,392,725 |
|
7. Provisions
for long-term accounts payable |
0 |
|
B- OWNER’S EQUITY |
104,191,296,214 |
|
I. OWNER’S EQUITY |
106,782,065,998 |
|
1. Capital |
62,981,059,446 |
|
2. Share
premiums |
0 |
|
3. Other
sources of capital |
0 |
|
4. Treasury
stocks |
0 |
|
5. Differences
on asset revaluation |
0 |
|
6. Foreign
exchange differences |
-2,387,024,850 |
|
7. Business
promotion fund |
13,595,667,397 |
|
8. Financial
reserved fund |
1,215,439,378 |
|
9. Other funds
|
0 |
|
10. Retained
earnings |
30,611,972,627 |
|
11.
Construction investment fund |
764,952,000 |
|
II. Other sources and funds |
-2,590,769,784 |
|
1. Bonus and
welfare funds |
-2,590,769,784 |
|
2. Sources of
expenditure |
0 |
|
3. Fund to
form fixed assets |
0 |
|
MINORITY’S INTEREST |
0 |
|
TOTAL LIABILITIES AND OWNER’S EQUITY |
736,049,392,165 |
|
PROFIT & LOSS
STATEMENT |
|
|
|
|
|
Description |
FY2010
|
|
1. Total
Sale |
1,195,433,238,653 |
|
2. Deduction
item |
812,715,334 |
|
3. Net
revenue |
1,194,620,523,319 |
|
4. Costs of
goods sold |
1,117,383,349,025 |
|
5. Gross
profit |
77,237,174,294 |
|
6. Financial
income |
29,162,664,017 |
|
7. Financial
expenses |
39,726,135,912 |
|
- In which:
Loan interest expenses |
22,742,274,818 |
|
8. Selling
expenses |
15,009,688,422 |
|
9.
Administrative overheads |
42,721,620,672 |
|
10. Net
operating profit |
8,942,393,305 |
|
11. Other
income |
475,619,293 |
|
12. Other
expenses |
365,736,291 |
|
13. Other
profit /(loss) |
109,883,002 |
|
14. Total
accounting profit before tax |
9,052,276,307 |
|
15. Current
corporate income tax |
1,340,079,248 |
|
16. Deferred
corporate income tax |
0 |
|
17. Interest
from subsidiaries/related companies |
0 |
|
18. Profit
after tax |
7,712,197,059 |
|
FINANCIAL RATIOS AND AVERAGE INDUSTRY
RATIOS |
||
|
|
||
|
Description |
FY2010 |
Average Industry |
|
Current liquidity
ratio |
1.16 |
1.94 |
|
Quick
liquidity ratio |
0.94 |
0.98 |
|
Inventory
circle |
10.52 |
9.29 |
|
Average
receive period |
123.50 |
54.01 |
|
Utilizing
asset performance |
1.62 |
2.21 |
|
Liability by
total asset |
85.84 |
58.72 |
|
Liability by
owner equity |
606.44 |
256.76 |
|
Ebit / Total
asset (ROA) |
4.32 |
7.90 |
|
Ebit / Owner's
equity (ROE) |
30.52 |
25.68 |
|
Ebit / Total
revenue (NPM) |
2.66 |
4.18 |
|
Gross profit /
Total revenue (GPM) |
6.46 |
15.30 |
|
Note: The Average Industry was calculated by Vietnam Credit
based on our owned statistical data |
||
FINANCIAL HIGHLIGHT
|
BALANCE SHEET |
||
Unit: Million VND
|
||
|
Balance sheet date |
31/12/2009 |
31/12/2008 |
|
Number of weeks |
52 |
52 |
|
ASSETS |
||
|
A. Current Asset |
449,398 |
420,459 |
|
Receivables |
338,817 |
231,776 |
|
Inventory |
26,350 |
100,797 |
|
Cash and other current assets |
0 |
0 |
|
B. Long term Asset |
178,587 |
305,950 |
|
1. Long term account receivable |
2,000 |
2,051 |
|
2. Fixed assets |
12,577 |
158,019 |
|
Tangible fixed
assets |
11,614 |
10,836 |
|
+ Original
cost |
29,171 |
28,530 |
|
+ Accumulated
depreciation value |
17,557 |
17,694 |
|
Financial
leasehold assets |
0 |
0 |
|
Intangible
fixed assets |
0 |
0 |
|
Construction
in progress and other long term asset |
962 |
147,182 |
|
TOTAL ASSETS |
627,985 |
726,409 |
|
|
||
|
LIABILITIES |
||
|
Payable loans |
535,394 |
646,994 |
|
Owner’s Equity
|
92,591 |
79,415 |
|
TOTAL LIABILITY AND EQUITY |
627,985 |
726,409 |
|
|
||
|
PROFIT & LOSS STATEMENT |
||
|
|
||
|
Description |
FY2009 |
FY2008 |
|
1. Total
Sale |
1,027,513 |
1,046,999 |
|
2. Deduction
item |
392 |
0 |
|
3. Net
revenue |
1,027,121 |
1,046,999 |
|
4. Costs of
goods sold |
930,282 |
- |
|
5. Gross
profit |
96,839 |
- |
|
6. Financial
income |
20,274 |
- |
|
7. Financial
expenses |
15,125 |
- |
|
8. Selling
expenses and Administrative overheads |
72,759 |
- |
|
9. Net
operating profit |
29,229 |
- |
|
10. Other
income |
1,143 |
9,558 |
|
11. Other
expenses |
140 |
2,603 |
|
12. Other
profit /(loss) |
1,003 |
6,955 |
|
13. Total
accounting profit before tax |
30,232 |
9,366 |
|
14. Current
corporate income tax |
10,365 |
- |
|
15. Deferred
corporate income tax |
0 |
- |
|
16. Interest
from subsidiaries/related companies |
0 |
- |
|
17. Profit
after tax |
19,867 |
- |
PAYMENT HISTORY & PERFORMANCE EXPERIENCES
|
Trade Morality |
|
Normal |
|
Liquidity |
|
Low/Medium |
|
Payment status |
|
Normal |
|
Financial
Situation |
|
Above Average |
|
Development
trend |
|
Stable |
|
Litigation
data |
|
No Record |
|
Bankruptcy |
|
No Record |
|
Sale Methods |
|
Retailer and
Wholesaler |
|
Public opinion
|
|
Good |
INTERPRETATION
ON THE SCORES
|
HANOI IMPORT EXPORT &
INVESTMENT CORPORATION (UNIMEX HA NOI) was established in 1962 and it is
state single limited liability company. It was set up under the Enterprise
Law of Vietnam with Business Registration No. 0104000309 and the tax code of
0100106842. Now registered capital of the firm is 58,575,000,000 VND and
there are about 428 employees working for it. Head office of UNIMEX HANOI is
located at No 41 Ngo Quyen Street, Hoan Kiem District, Ha Noi City, Viet Nam.
UNIMEX system is various with two branches and subsidiaries that are situated
mainly in big cities such as Ha Noi, Hai Phong and Ho Chi Minh City. The
subject has commercial relationship with many countries over the world, for
instance, USA, Canada, Japan, Israel, Egypt, Taiwan, China, and Singapore.
UNIMEX HANOI is specified in export of agricultural – forestry products,
seafood, handicrafts and it imports raw material, transport vehicles, machinery
serving for production. This company is evaluated as reputable importer and
it always demand fully and promptly all requirements of customers and
suppliers. In 2010, total sale of the firm
increased 16.3% compared to 2009. However, profit after tax in 2010 decreased
157.6% in relation to that of 2009. The reason for this is cost of goods sold
is high and in 2010, the subject used more loans and debts; therefore loans
interest expenses are quite large amount which reduce profit after tax for
the firm. Both liquidity ratios of the
company are not good and they are slightly lower than the average industry
index. The firm can be said that it is not safe when the amount of
liabilities has increased over three years and amount of liabilities took
large proportion in total assets and owner equity. It illustrated that the
firm has weak self-financial ability. To sum up, UNIMEX HANOI is quite
large firm. Small and medium transactions can be met by the subject, but
caution need to be considered with big ones. |
APPENDIXES
|
INDUSTRY DATA |
||||||
|
|
||||||
|
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) |
||
|
2010 |
2009 |
|||||
|
Agriculture, Forestry and Fishing |
2.78 |
1.82 |
8,749 |
23,896.3 |
81,559 |
|
|
Industry and Construction |
7.70 |
5.52 |
85,115 |
10,630 |
2,751,975 |
|
|
Trade and Services |
7.52 |
6.63 |
154,978 |
14,522 |
4,939,069 |
|
|
|
||||||
|
ECONOMIC INDICATORS |
||||||
|
|
||||||
|
|
2010 |
2009 |
2008 |
|||
|
Population (Million person) |
86.93 |
86.02 |
86.1 |
|||
|
Gross Domestic Products (US$ billion) |
102.2 |
91 |
84.9 |
|||
|
GDP Growth (%) |
6.78 |
5.32 |
6.2 |
|||
|
GDP Per Capita (US$) |
1,160 |
1,080 |
1,040 |
|||
|
Inflation (% Change in Composite CPI) |
11.75 |
6.88 |
24.4 |
|||
|
|
||||||
|
SERVICE TRADE PERFORMANCE |
||||||
|
|
||||||
|
Billion USD |
2010 |
2009 |
2008 |
|||
|
Exports |
72.2 |
57.1 |
62.7 |
|||
|
Imports |
84.8 |
69.9 |
80.7 |
|||
|
Trade Balance |
-12.6 |
-12.8 |
-18 |
|||
Source: General Statistics Office
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.49.62 |
|
UK Pound |
1 |
Rs.76.68 |
|
Euro |
1 |
Rs.66.47 |
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.