MIRA INFORM REPORT

 

 

Report Date :           

29.09.2011

 

IDENTIFICATION DETAILS

 

Name :

E LAND RETAIL LIMITED

 

 

Formerly Known As :

NEW CORE CO., LTD.

 

 

Registered Office :

70-2, Jamwon-dong, Seocho-gu, Seoul, Korea, Zip Code 137-908

 

 

Country :

South Korea

 

 

Financials (as on) :

30.06.2011

 

 

Date of Incorporation :

22.12.1978

 

 

Com. Reg. No.:

114-81-01855

 

 

Legal Form :

Co., Ltd by shares

 

 

Line of Business :

Retail Sale in Other Non-Specialized Large Stores

 

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 :

Usually Correct 

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)

South Korea

a1

a1

 

Risk Category

ECGC Classification

Insignificant

 

A1

Low

 

A2

Moderate

 

B1

High

 

B2

Very High

 

C1

Restricted

 

C2

Off-credit

 

D

 


Basic

 

Company Name

E LAND RETAIL LIMITED

(Ex. Company Name : NEW CORE CO., LTD., “()뉴코아”)

(Korean Company Name : “()이랜드리테일”)

Registered Address

70-2, Jamwon-dong, Seocho-gu, Seoul, Korea

Zip Code

137-908

Tel

+82-2-509-5000

Fax

+82-2-509-6123~4

E-mail

webmaster@newcore.co.kr

Website

www.newcore.co.kr

Trading Address

70-2, Jamwon-dong, Seocho-gu, Seoul, Korea

Tel

+82-2-509-5000

Fax

+82-2-509-6123~4

Other Address

7FL., E Land Bldg., 19-8, Changjeon-dong, Mapo-gu, Seoul, Korea

Tel

+82-2-323-0456

Fax

+82-2-2214-9795

Other Address-Pyungchon Branch

1039-3, Hogye-dong, Dongan-gu, Anyang-si, Gyeonggi-do, Korea

Tel

+82-31-380-7777

Other Address-Ilsan Branch

797-2, Madu-dong, Ilsandong-gu, Goyang-si, Gyeonggi-do, Korea

Tel

+82-31-900-5000

Other Address-Yatop Branch

357-1, Yatap-dong, Bundang-gu, Seongnam-si, Gyeonggi-do, Korea

Tel

+82-31-780-3000

Other Address-Incheon Branch

1465-1, Guwol-dong, Namdong-gu, Incheon, Korea

Tel

+82-32-430-5000

Other Address-Pyeongtaek Branch

830, Bijeon 2-dong, Pyeongtaek-si, Gyeonggi-do, Korea

Tel

+82-31-650-6000

Other Address- Sanbon Branch

1231, Sanbon-dong, Gunpo-si, Gyeonggi-do, Korea

Tel

+82-31-390-5000

Other Address-Dong Suwon Branch

1114-1, Ingye-dong, Paldal-gu, Suwon-si, Gyeonggi-do, Korea

Tel

+82-31-231-6000

Other Address-Gwangmyeong Branch

38, Haan 1-dong, Gwangmyeong-si, Gyeonggi-do, Korea

Tel

+82-2-3397-2500

Other Address-Gwacheon Branch

1-19, Byeoryang-dong, Gwacheon-si, Gyeonggi-do, Korea

Tel

+82-2-509-5000

Other Address-Suncheon Branch

San 89-8, Jorye-dong, Suncheon-si, Jeollanam-do, Korea

Tel

+82-61-720-5800

Other Address-Ulsan Branch

1360-3, Dal-dong, Nam-gu, Ulsan, Korea

Tel

+82-52-228-5000

Other Address-Goejeong Branch

961-1, Goejeong 3-dong, Saha-gu, Busan, Korea

Tel

+82-51-209-5000

Other Address-Changwon Branch

30-1, Paryong-dong, Changwon-si, Gyeongsangnam-do, Korea

Tel

+82-55-270-7000

Other Address-Ulsan Seongnam Branch

249-1, Seongnam-dong, Jung-gu, Ulsan, Korea

Tel

+82-52-210-5000

Other Address-Ansan Branch

533, Gojan 2-dong, Danwon-gu, Ansan-si, Gyeonggi-do, Korea

Tel

+82-31-8040-8500

Other Address-Pyungchon Branch

1039-3, Hogye-dong, Dongan-gu, Anyang-si, Gyeonggi-do, Korea

Tel

+82-31-380-7777

Other Address-Ilsan Branch

797-2, Madu-dong, Ilsandong-gu, Goyang-si, Gyeonggi-do, Korea

Tel

+82-31-900-5000

Other Address-Yatop Branch

357-1, Yatap-dong, Bundang-gu, Seongnam-si, Gyeonggi-do, Korea

Tel

+82-31-780-3000

Other Address-Incheon Branch

1465-1, Guwol-dong, Namdong-gu, Incheon, Korea

Tel

+82-32-430-5000

Other Address-Pyeongtaek Branch

830, Bijeon 2-dong, Pyeongtaek-si, Gyeonggi-do, Korea

Tel

+82-31-650-6000

Other Address- Sanbon Branch

1231, Sanbon-dong, Gunpo-si, Gyeonggi-do, Korea

Tel

+82-31-390-5000

Other Address-Dong Suwon Branch

1114-1, Ingye-dong, Paldal-gu, Suwon-si, Gyeonggi-do, Korea

Tel

+82-31-231-6000

Other Address-Gwangmyeong Branch

38, Haan 1-dong, Gwangmyeong-si, Gyeonggi-do, Korea

Tel

+82-2-3397-2500

Type

Import/Export

Industry

Retail Sale in Other Non-Specialized Large Stores

  Main Business

Department Store Operation Services, Retail Sail Large Stores

Established (mm/dd/yyyy)

12/22/1978

 

The Subject owns the premises of registered HQ address, Pyeongtaek Branch and Suncheon Branch.

 


Detailed Products

 

Activity

Detailed Products (UNSPSC)

Sell

Distribution(80141700)

Sell

Domestic Appliances and Supplies and Consumer Electronic Products(52000000)

Sell

Hotels(90111501)

 

 

CEO’s

 

Name

Yoon Yeo-Young

Date of Birth

01/12/1965

Title

President & CEO

Sex

Male

Nationality

Korean

 

 

Profiles

 

Capital (KRW)

163,745,905,000

Employees

3,419

Formation

Co., Ltd by shares

A Company of E-LAND GROUP

Bank Details

Shinhan Bank

Kookmin Bank

Hana Bank

Woori Bank-Seoul Station Branch

SC First Bank of Korea-Shinbanpo Branch

Korea Exchange Bank-Shinchon Branch

Corporate Registered No.

110111-0243800

Business Registered No.

114-81-01855

Permit & Licenses

Int’l Trade No.: 45189917

Shareholder Position

Name

Shares

%

ELAND WORLD LTD.(110111-0365797)

24,424,054

67.94

OFFICE OF POSTAL SERVICE

2,695,000

7.50

MILITARY MUTUAL AID ASSOCIATION(114271-0001876)

1,925,000

5.35

OTHERS

6,905,127

19.21

TOTAL

35,949,181

100.00

Company History

12/22/1978 Incorporated as HANSHIN EDUCATION DEVELOPMENT CO., LTD.

01/1984 Changed company name to the present name

12/03/1999 Approved of the Corporate Clearing Procedure by Seoul District Court

12/30/2003 Approved of the Revised Corporate Clearing Plan by Seoul District Court

06/15/2004 Completed the Corporate Clearing Procedure

05/14/2008 The Subject and ELAND WORLD LTD(110111-0365797) has signed the agreement to transfer the shares of ELAND RETAIL LIMITED(120111-0402412) to SAMSUNG TESCO CO., LTD.(110111-1684037)

08/31/2009 Merged Distribution Business of E LAND WORLD CO., LTD., and changed company name to the present name

05/2010 Acquired Distribution Business from HWASUNG INDUSTRIAL CO., LTD.(170111-0001131)

 

 

 

 

Management

 

Job Description

Title

Name

Sex

Nationality

Date of Birth

President & CEO

Mr.

Yoon Yeo-Young

Male

Korean

1965.01.12

Director

Mr.

Kim Il-Kyu

Male

Korean

1958.02.20

Director

Mr.

Kim Bo-Gerl

Male

Korean

1965.09.24

Director

Mr.

Lim Chae-Jeon

Male

Korean

1966.01.15

Auditor

Mr.

Lee Kyu-Jin

Male

Korean

1964.03.05

 

 

Financials

 

Year / Unit : KRW

Sales

Assets

Net Income

(*)06/2011

851,023,010,221

1,779,212,796,327

26,771,991,423

2010

1,502,002,113,239

1,776,820,783,008

49,457,195,687

2009

932,497,282,696

1,282,178,566,007

31,336,087,894

2008

703,595,518,122

1,262,678,210,242

25,794,718,992

2007

730,352,722,854

934,709,048,822

(-)90,687,849,814

2006

739,045,661,802

1,031,015,762,482

8,075,106,034

2005

566,214,902,413

876,429,256,904

70,509,874,470

2004

407,862,877,754

986,261,890,640

94,984,691,880

2003

481,934,949,485

1,538,337,671,290

274,822,446,794

(*)06/2011 and 2010’s figures are based on the K-IFRS Accounting System.

 

 

Financial Description

 

Authorized Capital(KRW)

500,000,000,000

Paid-Up Capital(KRW)

163,745,905,000

Total Issues Shares

35,949,181 (Common: 25,047,851 / Preferable: 10,901,330)

 


Balance Sheet

 

Unit : Korean Won

01/01/2011~06/30/2011

As of 12/31/2010

As of 12/31/2009

Total Assets

1,779,212,796,327

1,748,322,327,034

 

Current Assets

384,465,052,458

400,670,188,327

 

Cash & Cash Equivalents

33,294,375,683

26,064,300,503

 

Current Financial Instruments

23,191,091,296

80,223,301,798

 

Other Finance Assets

3,380,000

3,380,000

 

Trade Receivables & Other Receivables

100,203,448,573

116,543,134,647

 

Inventories

209,864,627,674

158,859,384,336

 

Other Current Assets

17,908,129,232

18,976,687,043

 

Non-Current Assets(sold-to-be)

75,166,439,438

8,400,000,000

 

Non-Current Assets

1,319,581,304,431

1,339,252,138,707

 

Non-Current Financial Instruments

11,239,123,211

10,714,638,013

 

Other Non-Current Financial Instruments

1,665,560,000

1,665,560,000

 

Long-Term Trade Receivables & Other Receivables

120,415,434,858

99,528,547,339

 

Investment_Related Companies

150,604,203,004

225,630,038,164

 

Tangibles

948,549,836,554

912,847,645,315

 

Intangibles

13,744,817,747

14,478,934,155

 

Investment_Real Estates

29,627,424,341

29,743,701,147

 

Other Non-Current Assets

43,734,904,716

44,643,074,574

 

Total Liabilities

1,191,397,354,416

1,385,615,617,141

 

Current Liabilities

858,513,410,403

967,346,973,499

 

Trade Payables & Other Payables

298,308,247,544

348,363,645,545

 

Short-Term Borrowings

525,829,102,379

595,697,190,710

 

Accrued Income Tax

872,935,212

9,813,009,680

 

Current Portion of Provisions

8,881,038,618

8,872,648,204

 

Other Current Liabilities

24,622,086,650

4,600,479,360

 

Non-Current Liabilities

332,883,944,013

418,268,643,642

 

Long-Term Trade Payables & Other Payables

26,493,532,336

26,443,065,290

 

Long-Term Borrowings

282,334,739,198

370,671,802,252

 

Confirmed Salaries

3,772,620,403

5,123,952,829

 

Deferred Income Tax Credit

2,218,821,346

638,031,667

 

Other Non-Current Financial Debts

1,471,705,807

792,280,685

 

Other Non-Current Debts

16,592,524,923

14,599,510,919

 

Capital Stock

163,745,905,000

125,239,255,000

 

Capital Surplus

99,942,427,344

-

 

Profit Surplus

294,986,182,772

278,871,230,719

 

Others

29,140,926,795

-41,403,775,826

 

Total Equity

587,815,441,911

362,706,709,893

 

Liab. & Shareholder’s Equity

1,779,212,796,327

1,748,322,327,034

 

 

Balance Sheet

Unit : Korean Won

As of 12/31/2010

As of 12/31/2009

As of 12/31/2008

Total Assets

1,776,820,783,008

1,282,178,566,007

1,262,678,210,242

Current Assets

410,287,064,575

349,714,939,254

228,130,497,480

-Quick Assets

251,427,680,239

250,905,685,056

169,607,180,332

-Inventories

158,859,384,336

98,809,254,198

58,523,317,148

Fixed Assets

1,366,533,718,433

932,463,626,753

1,034,547,712,762

-Investment

237,375,420,833

133,462,430,741

105,336,433,620

-Tangibles

973,465,058,236

682,898,510,269

886,821,795,466

-Intangibles

11,427,615,265

2,863,218,513

2,736,283,308

-Others

144,265,624,099

113,239,467,230

39,653,200,368

Total Liabilities

1,183,759,815,827

727,336,660,412

562,805,478,808

Current Liabilities

755,124,198,839

611,721,786,277

426,792,721,821

Fixed Liabilities

428,635,616,988

115,614,874,135

136,012,756,987

Capital Stock

242,310,990,000

236,700,475,000

236,684,915,000

Capital Surplus

47,190,102,494

33,607,963,500

87,610,563,500

Profit Surplus

76,984,838,669

60,807,126,777

52,893,405,883

Capital Adjustment

226,575,036,018

223,726,340,318

322,683,847,051

Total Equity

593,060,967,181

554,841,905,595

699,872,731,434

Liab. & Shareholder’s Equity

1,776,820,783,008

1,282,178,566,007

1,262,678,210,242

 

 

Income Statement

 

Unit : Korean Won

01/01/2011~06/30/2011

As of 12/31/2010

As of 12/31/2009

Sales

851,023,010,221

 

 

Cost of Sold Goods

384,635,768,686

 

 

Gross Profit

466,387,241,535

 

 

Selling & Admin. Expenses

389,391,820,625

 

 

Other Operating Income

5,082,253,568

 

 

Other Operating Expenses

14,618,520,260

 

 

Operating Income

67,459,154,218

 

 

Finance Income

4,976,210,052

 

 

Finance Expenses

42,166,029,213

 

 

Income Before Taxes

30,269,335,057

 

 

Income Taxes Expenses

3,497,343,634

 

 

Net Income

26,771,991,423

 

 

 

Income Statement

Unit : Korean Won

As of 12/31/2010

As of 12/31/2009

As of 12/31/2008

Sales

1,502,002,113,239

932,497,282,696

703,595,518,122

Cost of Sold Goods

664,361,839,516

426,357,185,787

327,489,708,037

Gross Profit

837,640,273,723

506,140,096,909

376,105,810,085

Selling & Admin. Expenses

700,664,296,884

421,976,205,050

330,601,737,271

Operating Income

136,975,976,839

84,163,891,859

45,504,072,814

Non-Operating Income

16,136,403,857

103,854,950,252

62,326,735,774

Non-Operating Expenses

84,559,309,265

143,135,112,726

115,142,629,592

Income Before Taxes

68,553,071,431

44,883,729,385

-7,311,821,004

Income Taxes Expenses

19,095,875,744

13,547,641,491

-33,106,539,996

Net Income

49,457,195,687

31,336,087,894

25,794,718,992

 

 

Cash Flows

 

Unit : Korean Won

01/01/2011~06/30/2011

As of 12/31/2010

As of 12/31/2009

Operating Activities Cash Flows

19,765,054,238

 

 

Cash Flows from Operating

67,006,261,981

 

 

Interests Received

                  6,734,756,015

 

 

Interests Paid

-45,339,977,322

 

 

Dividends Received

1,148,625,487

 

 

Income Taxes

-9,784,611,923

 

 

Cash Flows from Investing

-48,604,111,903

 

 

Cash Flows from Financing

36,066,382,845

 

 

Increase/Decrease in Cash

7,227,325,180

 

 

Cash at the Beginning of Year

26,064,300,503

 

 

Cash at the End of Year

33,294,375,683

 

 

 

Cash Flows

Unit : Korean Won

As of 12/31/2010

As of 12/31/2009

As of 12/31/2008

Cash Flows from Operating

107,947,899,825

159,047,383,655

60,055,313,100

-Net Income

49,457,195,687

31,336,087,894

25,794,718,992

-Exp. without Cash Outflow

94,076,321,525

169,308,858,724

125,313,967,063

-Revenue without Cash Inflows

- 326,756,286

- 92,517,182,248

- 53,587,518,870

-Changes in Asset/ & Liability

-35,258,861,101

50,919,619,285

- 37,465,854,085

Cash Flows from Investing

-238,636,147,356

70,076,127,225

40,544,409,479

-Cash Inflow from Investing

38,343,704,525

389,981,828,075

248,246,822,543

-Cash Outflows for Investing

- 276,979,851,881

-319,905,700,850

-207,702,413,064

Cash Flows from Financing

216,062,830,688

-208,540,799,009

-129,923,517,000

-Cash Inflows from Financing

984,916,891,586

344,210,645,669

100,598,850,000

-Cash Outflows from Financing

- 768,854,060,898

- 552,751,444,678

-230,522,367,000

Increase/Decrease in Cash

-21,767,713,488

22,027,842,066

29,323,794,421

Cash at the Beginning of Year

47,832,013,991

25,804,171,925

55,127,966,346

Cash at the End of Year

26,064,300,503

47,832,013,991

25,804,171,925

 

Products, Technologies, Services Description

 

Main Products & Services

Department Store Operation Services, Retail Sail Large Stores, Outlet Operation, Hotel Operation

 

Brand Name : Kim’s Club, NewCore Outlet, NC Department Store

 

 

Trade Partners & Competitors

 

Competitors

SHINSEGAE CO., LTD.

52-5, CHUNGMURO 1-GA, JUNG-GU, SEOUL, KOREA

TEL:+82-2-727-1234  FAX:+82-2-727-1189

 

SHINSEGAE MART CO., LTD.

7TH FL., KUKDONG BLDG., 60-1, CHUNGMURO 3-GA, JUNG-GU, SEOUL, KOREA

TEL:+82-2-3468-1234  FAX:+82-2-3468-1049

 

COSTCO WHOLESALE KOREA INC.

COSTCO KOREA BLDG., 65, YANGPYEONGDONG 3-GA, YEONGDEUNGPO-GU, SEOUL, KOREA

TEL:+82-2-2679-1234  FAX:+82-2-2630-2633

 


Related Parties

(Subsidiaries, Joint-Venture & Affiliates)

 

Affiliates

E-LAND CO., LTD.(110111-0536859)

NETISHION.COM CO., LTD.(110111-0409858)

DECO CO., LTD.(110111-0242985)

C&C MOKSAN CO., LTD.(110111-3894999)

GLOBAL SPORTS CO., LTD.(110111-2111386)

E-LAND WORLD CO., LTD.(110111-0365797)

E-LAND DEVELOPMENT CO., LTD.(110111-0841688)

LEAD CO., LTD.(110111-0723555)

E-LAND SYSTEMS CO., LTD.(110111-0747224)

FRANCIA CO., LTD.(120111-0101733)

LEADON CO., LTD.(110111-2999352)

WINE CASTLE CO., LTD.(134211-0080103)

E-SERBIZ CO., LTD.(110111-3656688)

FREMONT CO., LTD.(110111-3683251)

ELAND CHINA FASHION DESIGN CO., LTD.(110111-3814020)

E-LAND FOUNDATION(114222-0005912)

 

KIMS CLUB MART CO., LTD.(110111-0167498)

(98.68% held by the subject company)

 

E-LAND LEISURVICE CO., LTD.(144411-0000098)

(61.42% held by the subject company)

Subsidiary

KIMS CLUB MART CO., LTD.

(66.71% held by the subject company)

 

ELAND RETAIL LIMITED(120111-0402412)

(33.16% held by the subject company)

 

E-LAND LEISURVICE CO., LTD.(144411-0000098)

(98.01% held by the subject company)

Corporate Ownership

ELAND WORLD LTD.(110111-0365797)

Major Shareholders

ELAND WORLD LTD.(110111-0365797)

Cooperative Enterprise

-Insured Company

DONGBU INSURANCE CO., LTD.(110111-0095285)

SAMSUNG LIFE INSURANCE CO., LTD.(110111-0005953)

 

 

Sales by Region

(Activity & Markets)

 

Sales/ Unit :Mil KRW

06/2011

2010

2009

Export

 -

-

-

Domestic

416,313

1,502,002

932,497

Total

416,313

1,502,002

932,497

 

Not Available.

Court Action

 

Case No.

Court

Plaintiff(s)/ Creditor(s)/ Applicant(s)

Defendant(s)/ Debtor(s)/ Respondent(s)

Cause

Amount (Thousand KRW)

Status

 

Supreme Court

The Subject Company

Sannaedeol Meat Products Co., Ltd.

Claim for Promisary Notes

 265,834

3rd Round Proceeding

 

Seoul High Court

The Subject Company

Ku Sa-Ju & Others(4)

Claim for Damages

 238,600

2nd Round Proceeding

 

Seoul Central District Court

The Subject Company

SAMSUNG CARD CO., LTD & Others(5)

Claim for Loan

500,000

1st Round Proceeding

 

Seoul Seobu District Court

The Subject Company

Labour Union & Others(12)

Claim for Damages

500,000

1st Round Proceeding

 

Seoul Central District Court

The Subject Company

Ye Jae-Ho

Claim for Damages

437,700

1st Round Proceeding

 

Seoul Central District Court

The Subject Company

Pentagon City

Claim for Agreed Amount

120,000

1st Round Proceeding

 

Seoul Central District Court

The Subject Company

Song Chi-Hoon

Auction

300,000

1st Round Proceeding

 

Supreme Court

New Town Construction Co., Ltd.

The Subject Company

Executing the Clearing Debts

1,278,710

3rd Round Proceeding

 

Daegu District Court

Daemin Chimjang Co., Ltd.

The Subject Company

Claim for Damages

619,419

1st Round Proceeding

 

Seoul High Court

Jung Jung-Ja

The Subject Company

Claim for Paid Amount

220,386

2nd Round Proceeding

 

Seoul High Court

New Town Construction Co., Ltd.

The Subject Company

Claim for Damages

23,327,466

2nd Round Proceeding

 

Seoul Central District Court

Burberry

The Subject Company

Infringement on the Trade Mark

200,000

1st Round Proceeding

 

Suwon District Court

HiCHEM co., Ltd.

The Subject Company

Refund of Inappropriate Amount

98,970

1st Round Proceeding

 

Seoul Central District Court

Representative of Gonjiam

The Subject Company

Claim for Repairing

101,000

1st Round Proceeding

 

Seoul Central District Court

O.N. CO., LTD.

The Subject Company

Refund on contractual money

4,000,000

1st Round Proceeding

 

Changwon District Court

Choi Gwui-Ja

The Subject Company

Transferring the buildings

489

1st Round Proceeding

 

Incheon District Court

HYUNDAI MARINE & FIRE INSURANCE CO., LTD.(110111-0035893)

The Subject Company

Claim for Compensation

115,396

1st Round Proceeding

 

Changwon District Court

Jung Yeon-Ok & Others(1)

The Subject Company

Transferring the buildings

1,002

1st Round Proceeding

 

Seoul Central District Court

Hyundae Construction Machinery Co., Ltd.

The Subject Company

Claim for Loans

402,500

1st Round Proceeding

 

Seoul Central District Court

In Line Co., Ltd.

The Subject Company

Transferring the co-equity right

6,866,864

1st Round Proceeding

 

Incheon District Court

Daum Co., Ltd.

The Subject Company

Claim for Compensation

17,673

1st Round Proceeding

 

Seoul Central District Court

Edwin Co., Ltd.

The Subject Company

Claim for Collected Money

25,018

1st Round Proceeding

 

Seoul Central District Court

Kim Jae-Sung

The Subject Company

Claim for Damages

35,200

1st Round Proceeding

 

Seoul Central District Court

Sihopecs Co., Ltd. & Others(1)

The Subject Company

-

10,490

1st Round Proceeding

 

Suwon District Court

Ye Jae-Ho

The Subject Company

Provisional Disposition

-

1st Round Proceeding

 

 

News Clipping

 

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FOREIGN EXCHANGE RATES

 

Currency

Unit

Indian Rupees

US Dollar

1

Rs.48.91

UK Pound

1

Rs.76.53

Euro

1

Rs.66.43

 

 

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%)

 

 

 

PRIVATE & CONFIDENTIAL : This information is provided to you at your request, you having employed MIPL for such purpose. You will use the information as aid only in determining the propriety of giving credit and generally as an aid to your business and for no other purpose. You will hold the information in strict confidence, and shall not reveal it or make it known to the subject persons, firms or corporations or to any other. MIPL does not warrant the correctness of the information as you hold it free of any liability whatsoever. You will be liable to and indemnify MIPL for any loss, damage or expense, occasioned by your breach or non observance of any one, or more of these conditions

This report is issued at your request without any risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL) or its officials.