MIRA INFORM REPORT
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Report Date : |
03.04.2012 |
IDENTIFICATION DETAILS
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Name : |
SANG WON ENS CO LTD. |
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Registered Office : |
1823, Jangheung-dong, Nam-gu, Pohang-si, Gyeongsangbuk-do, Korea, Zip Code 790-240 |
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Country : |
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Financials (as on) : |
31.12.2010 |
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Date of Incorporation : |
02.01.2006 |
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Com. Reg. No.: |
506-81-57000 |
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Legal Form : |
Co., Ltd by Shares |
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Line of Business : |
Manufacture of Metal Structural Components |
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No. of Employees
: |
24 |
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
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Country Name |
Previous Rating (30.06.2011) |
Current Rating (30.09.2011) |
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a1 |
a1 |
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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 |
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Company Name |
SANG WON ENS
CO., LTD. (Korean Company
Name : “(주)상원이앤에스”) |
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Registered Address |
1823, |
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Zip Code |
790-240 |
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Tel |
+82-54-278-6000~3 |
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Fax |
+82-54-278-6008~9 |
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E-mail |
sw1823@swens.co.kr |
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Website |
www.swens.co.kr |
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Trading Address |
1823, |
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Tel |
+82-54-278-6000~3 |
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Fax |
+82-54-278-6008~9 |
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Other Address-2nd Factory |
585-1, Okmyeong-ri, |
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Type |
Export/Import |
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Industry |
Manufacture of Metal Structural Components |
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Main Business |
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Established (mm/dd/yyyy) |
01/02/2006 |
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Activity |
Detailed Products (UNSPSC) |
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Sell |
Structural materials and basic
shapes(30100000) |
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Name |
Lee Dong-Won |
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Address |
Suite 104-1001, 469-14, |
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Date of Birth |
02/18/1969 |
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Title |
President & CEO |
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Sex |
Male |
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Nationality |
Korean |
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Capital (KRW) |
2,500,000,000 |
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Employees |
24 |
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Formation |
Co., Ltd by Shares |
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Bank Details |
Woori Bank Hana Bank |
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Corporate Registered No. |
171711-0067966 |
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Business Registered No. |
506-81-57000 |
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Permit & Licenses |
09/17/2010 ISO 14001 09/17/2010 ISO 9001 |
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Shareholder Position |
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Company History |
01/02/2006 Incorporated as the present
name, after split off from HANJIN ENTERPRISE CO., LTD.(174611-0001038) 07/11/2008 Increased capital to
1,000,000,000 KRW from 668,000,000 KRW |
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Job Description |
Title |
Name |
Sex |
Nationality |
Inauguration Date |
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President & CEO |
Mr. |
Lee Dong-Won |
Male |
Korean |
03/10/2009 |
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Director |
Mr. |
Lee Young-Koo |
Male |
Korean |
03/10/2012 |
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Director |
Mr. |
Park Yong-Tae |
Male |
Korean |
03/10/2012 |
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Auditor |
Mr. |
Lee Lauren Hyun |
Male |
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03/24/2010 |
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Year / Unit : KRW |
Sales |
Assets |
Net Income |
|
9,857,140,132 |
22,891,881,654 |
-2,372,993,747 |
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2009 |
17,148,872,431 |
23,488,281,370 |
40,607,036 |
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2008 |
23,839,898,426 |
26,069,263,317 |
928,191,250 |
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Authorized Capital(KRW) |
2,500,000,000 |
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Paid-Up Capital(KRW) |
1,000,000,000 |
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Total Issued Shares |
200,000 |
Balance
Sheet
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Unit : Korean Won |
As of 12/31/2010 |
As of 12/31/2009 |
As of 12/31/2008 |
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Total Assets |
22,891,881,654 |
23,488,281,370 |
26,069,263,317 |
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Current Assets |
6,511,057,332 |
10,146,619,809 |
11,709,700,722 |
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-Quick Assets |
2,329,476,603 |
4,713,584,657 |
6,569,962,639 |
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-Inventories |
4,181,580,729 |
5,433,035,152 |
5,139,738,083 |
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Fixed Assets |
16,380,824,322 |
13,341,661,561 |
14,359,562,595 |
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-Investment |
407,294,000 |
219,412,640 |
414,013,200 |
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-Tangibles |
15,446,735,622 |
12,587,900,621 |
13,476,200,295 |
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-Intangibles |
526,794,700 |
534,348,300 |
469,349,100 |
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Total Liabilities |
14,153,064,494 |
15,446,350,723 |
17,667,939,706 |
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Current Liabilities |
9,251,734,432 |
9,678,961,584 |
12,278,139,495 |
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Fixed Liabilities |
4,901,330,062 |
5,767,389,139 |
5,389,800,211 |
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Capital Stock |
1,000,000,000 |
1,000,000,000 |
1,000,000,000 |
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Capital Surplus |
6,125,742,296 |
6,125,742,296 |
6,125,742,296 |
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Profit Surplus |
-1,456,805,396 |
916,188,351 |
1,275,581,315 |
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Capital Adjustment |
3,069,880,260 |
- |
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Total Equity |
8,738,817,160 |
8,041,930,647 |
8,401,323,611 |
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Liab. & Shareholder’s Equity |
22,891,881,654 |
23,488,281,370 |
26,069,263,317 |
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Current Liabilities |
9,251,734,432 |
9,678,961,584 |
12,278,139,495 |
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Trade Payables |
1,515,886,350 |
2,179,098,792 |
3,188,997,339 |
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Short-Term Borrowings |
4,582,899,904 |
4,286,323,468 |
5,047,548,433 |
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Account Payables |
47,502,808 |
81,547,760 |
124,780,268 |
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Advance Receipts |
2,674,111,619 |
2,729,197,829 |
3,565,511,926 |
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Withholdings |
11,642,584 |
27,215,342 |
12,768,533 |
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VAT Withhold |
- |
21,260,398 |
21,767,502 |
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Accrued Expenses |
127,771,167 |
137,934,767 |
144,353,754 |
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Accrued Income Tax |
- |
303,228 |
172,411,740 |
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Current Portion of Long-Term Debts |
291,920,000 |
216,080,000 |
- |
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Fixed Liabilities |
4,901,330,062 |
5,767,389,139 |
5,389,800,211 |
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Long-Term Borrowings |
4,867,080,000 |
5,730,920,000 |
5,347,000,000 |
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Provision for Severance & Retirement |
226,129,597 |
289,440,546 |
180,609,306 |
Income
Statement
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Unit : Korean Won |
As of 12/31/2010 |
As of 12/31/2009 |
As of 12/31/2008 |
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Sales |
9,857,140,132 |
17,148,872,431 |
23,839,898,426 |
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Cost of Sold Goods |
10,670,771,693 |
15,475,729,322 |
21,103,870,044 |
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Gross Profit |
-813,631,561 |
1,673,143,109 |
2,736,028,382 |
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Selling & Admin. Expenses |
1,104,845,830 |
1,241,712,009 |
1,204,153,543 |
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Operating Income |
-1,918,477,391 |
431,431,100 |
1,531,874,839 |
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Non-Operating Income |
126,051,267 |
258,277,051 |
205,544,334 |
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Non-Operating Expenses |
580,567,623 |
645,765,603 |
636,411,273 |
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Income Before Taxes |
-2,372,993,747 |
43,942,548 |
1,101,007,900 |
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Income Taxes Expenses |
- |
3,335,512 |
172,816,650 |
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Net Income |
-2,372,993,747 |
40,607,036 |
928,191,250 |
Cash
Flows
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Unit : Korean Won |
As of 12/31/2010 |
As of 12/31/2009 |
As of 12/31/2008 |
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Cash Flows from Operating |
-145,260,820 |
381,620,520 |
-85,925,107 |
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-Net Income |
-2,372,993,747 |
40,607,036 |
928,191,250 |
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-Exp. without Cash Outflow |
991,166,240 |
1,245,022,248 |
1,463,640,539 |
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-Revenue without Cash Inflows |
-13,232,735 |
-49,999,000 |
-22,891,807 |
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-Changes in Asset/ & Liability |
1,249,799,422 |
-854,009,764 |
-2,454,865,089 |
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Cash Flows from Investing |
-283,167,503 |
-740,546,952 |
-2,495,713,993 |
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-Cash Inflow from Investing |
803,645,472 |
244,600,560 |
29,090,909 |
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-Cash Outflows for Investing |
-1,086,812,975 |
-985,147,512 |
-2,524,804,902 |
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Cash Flows from Financing |
-491,423,564 |
-561,224,965 |
4,229,548,433 |
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-Cash Inflows from Financing |
296,576,436 |
600,000,000 |
4,529,548,433 |
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-Cash Outflows from Financing |
-788,000,000 |
-1,161,224,965 |
-300,000,000 |
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Increase/Decrease in Cash |
-919,851,887 |
-920,151,397 |
1,647,909,333 |
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Cash at the Beginning of Year |
1,487,225,571 |
2,407,376,968 |
759,467,635 |
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Cash at the End of Year |
567,373,684 |
1,487,225,571 |
2,407,376,968 |
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Main Products & Services |
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Competitors |
CS WIND
CORP. 4TH FL.,
BAEKSEOK UNIVERSITY BLDG., 1519, SEONGJEONG 2-DONG, SEOBUK-GU, CHEONAN-SI, TEL:+82-41-901-1800 FAX:+82-41-901-1999 DONGKUK S
& C CO., LTD. 547-3, TEL:+82-54-285-4500 FAX:+82-54-271-0700 HANGIL S
& V CO., LTD. B-404,
CHAMPS-ELYSEES BLDG., 889-47, DAECHI 4-DONG, GANGNAM-GU, TEL:+82-2-508-5830 FAX:+82-2-508-8558 |
(Subsidiaries,
Joint-Venture & Affiliates)
|
Cooperative |
-Insured Company SAMSUNG FIRE & MARINE INSURANCE CO.,LTD.(110111-0005078) |
(Activity & Markets)
Not Available.
No.
--
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.51.16 |
|
|
1 |
Rs.81.79 |
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Euro |
1 |
Rs.68.34 |
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 |
|
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 |
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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.