MIRA INFORM REPORT
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Report Date : |
12.04.2012 |
IDENTIFICATION DETAILS
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Name : |
KOREA KOKUSAI CO., LTD. |
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Registered Office : |
5-6, Horim-dong, Dalseo-gu, |
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Country : |
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Financials (as on) : |
31.03.2011 |
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Date of Incorporation : |
01.06.1999 |
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Com. Reg. No.: |
514-81-33300 |
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Legal Form : |
Co., Ltd by Shares |
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Line of Business : |
Manufacture of Material Testing, Measuring and Checking Instruments |
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No. of Employees
: |
35 |
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 – March 31st, 2012
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Country Name |
Previous Rating (31.12.2011) |
Current Rating (31.03.2012) |
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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 |
KOREA KOKUSAI
CO., LTD. (Korean Company
Name : “코리아고꾸사이(주)”) |
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Registered Address |
5-6, Horim-dong, Dalseo-gu, |
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Zip Code |
704-240 |
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Tel |
+82-53-584-9955 |
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Fax |
+82-53-588-9981 |
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E-mail |
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Website |
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Trading Address |
5-6, Horim-dong, Dalseo-gu, |
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Tel |
+82-53-584-9955 |
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Fax |
+82-53-588-9981 |
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Type |
Export/Import |
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Industry |
Manufacture of Material Testing, Measuring and Checking Instruments |
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Main Business |
Balancing Machine, Shaft Straightening Machine |
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Established (mm/dd/yyyy) |
06/01/1999 |
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Activity |
Detailed Products (UNSPSC) |
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Sell |
Transportation related equipment and
instruments(41112800) |
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Sell |
Vehicle servicing equipment(25191700) |
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Name |
Matsumoto Shigeru |
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Address |
18-501, 6, 1 Chome, Kichigerji Minamicho, |
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Date of Birth |
04/22/1942 |
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Title |
President & CEO |
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Sex |
Male |
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Nationality |
Japanese |
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Capital (KRW) |
1,700,000,000 |
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Employees |
35 |
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Formation |
Co., Ltd by Shares Foreign Direct Investment Corporation |
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Bank Details |
Shinhan Bank-Sungseo Branch |
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Corporate Registered No. |
170111-0152249 |
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Business Registered No. |
514-81-33300 |
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Permit & Licenses |
12/2005 CE Mark Int’l Trade No.: 13064480 |
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Shareholder Position |
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Company History |
06/01/1999 Incorporated as the present name 06/15/1999 Registered as a Foreign Direct
Investment Corporation 10/01/2002 Increased the authorized shares to 360,000 shares from
80,000 shares 10/03/2002 Increased capital to 1,700,000,000 KRW from 500,000,000 KRW 05/29/2002 Moved to the present HQ address from 108 Block 7 Lot,
Sungseo Industrial Complex, Dalseo-gu, 11/2006 Awarded US$ 5 Million Export Top Prize |
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Job Description |
Title |
Name |
Sex |
Nationality |
Inauguration Date |
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President & CEO |
Mr. |
Matsumoto Shigeru |
Male |
Japanese |
06/27/2005 |
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Director |
Mr. |
Matsumoto Hiroshi |
Male |
Japanese |
06/27/2005 |
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Director |
Mr. |
Lee Bok-Hwan |
Male |
Korean |
06/27/2011 |
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Auditor |
Mr. |
Lee Jae-Hern |
Male |
Korean |
06/27/2011 |
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Year / Unit : KRW |
Sales |
Assets |
Net Income |
|
12,910,176,419 |
21,910,405,635 |
3,700,945,787 |
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03/2010 |
5,098,231,263 |
19,646,525,641 |
568,343,508 |
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03/2009 |
9,780,894,618 |
16,536,266,185 |
2,197,976,208 |
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Authorized Capital(KRW) |
3,600,000,000 |
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Paid-Up Capital(KRW) |
1,700,000,000 |
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Total Issued Shares |
170,000 |
Balance
Sheet
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Unit : Korean Won |
As of 03/31/2011 |
As of 03/31/2010 |
As of 03/31/2009 |
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Total Assets |
21,910,405,635 |
19,646,525,641 |
16,536,266,185 |
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Current Assets |
20,119,529,908 |
16,828,071,602 |
13,117,685,085 |
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-Quick Assets |
16,330,859,283 |
14,158,060,049 |
12,346,282,864 |
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-Inventories |
3,788,670,625 |
2,670,011,553 |
771,402,221 |
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Fixed Assets |
1,790,875,727 |
2,818,454,039 |
3,418,581,100 |
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-Investment |
5,166,680 |
1,000,000,000 |
1,500,000,000 |
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-Tangibles |
1,740,567,047 |
1,810,638,752 |
1,909,243,215 |
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-Intangibles |
45,142,000 |
7,815,287 |
9,337,885 |
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Total Liabilities |
5,373,750,032 |
3,410,815,825 |
868,899,877 |
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Current Liabilities |
5,367,718,748 |
3,316,904,030 |
814,034,224 |
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Fixed Liabilities |
6,031,284 |
93,911,795 |
54,865,653 |
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Capital Stock |
1,700,000,000 |
1,700,000,000 |
1,700,000,000 |
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Capital Surplus |
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Profit Surplus |
14,836,655,603 |
14,535,709,816 |
13,967,366,308 |
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Capital Adjustment |
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Total Equity |
16,536,655,603 |
16,235,709,816 |
15,667,366,308 |
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Liab. & Shareholder’s Equity |
21,910,405,635 |
19,646,525,641 |
16,536,266,185 |
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Current Liabilities |
5,367,718,748 |
3,316,904,030 |
814,034,224 |
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Trade Payables |
1,348,299,202 |
788,704,334 |
174,835,239 |
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Account Payables |
77,405,126 |
46,181,229 |
16,274,378 |
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Advance Receipts |
2,871,155,050 |
2,342,386,831 |
114,900,000 |
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Withholdings |
9,710,390 |
7,369,460 |
7,993,940 |
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Accrued Income Tax |
902,934,807 |
- |
352,820,036 |
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Accrued Expenses |
158,214,173 |
132,262,176 |
134,808,273 |
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VAT Withhold |
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12,402,358 |
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Fixed Liabilities |
6,031,284 |
93,911,795 |
54,865,653 |
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Provision for Severance & Retirement |
6,031,284 |
93,911,795 |
54,865,653 |
Income
Statement
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Unit : Korean Won |
As of 03/31/2011 |
As of 03/31/2010 |
As of 03/31/2009 |
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Sales |
12,910,176,419 |
5,098,231,263 |
9,780,894,618 |
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Cost of Sold Goods |
7,118,936,033 |
3,518,982,429 |
6,566,482,105 |
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Gross Profit |
5,791,240,386 |
1,579,248,834 |
3,214,412,513 |
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Selling & Admin. Expenses |
1,646,097,282 |
1,192,622,765 |
1,308,359,572 |
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Operating Income |
4,145,143,104 |
386,626,069 |
1,906,052,941 |
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Non-Operating Income |
699,718,924 |
554,434,319 |
1,298,244,536 |
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Non-Operating Expenses |
156,742,782 |
251,580,427 |
435,716,406 |
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Income Before Taxes |
4,688,119,246 |
689,479,961 |
2,768,581,071 |
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Income Taxes Expenses |
987,173,459 |
121,136,453 |
570,604,863 |
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Net Income |
3,700,945,787 |
568,343,508 |
2,197,976,208 |
Cash
Flows
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Unit : Korean Won |
As of 03/31/2011 |
As of 03/31/2010 |
As of 03/31/2009 |
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Cash Flows from Operating |
4,142,450,188 |
1,764,472,437 |
2,640,925,416 |
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-Net Income |
3,700,945,787 |
568,343,508 |
2,197,976,208 |
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-Exp. without Cash Outflow |
240,391,219 |
269,421,452 |
344,151,459 |
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-Revenue without Cash Inflows |
-4,312,097 |
-13,483,289 |
-133,696,820 |
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-Changes in Asset/ & Liability |
205,425,279 |
940,190,766 |
232,494,569 |
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Cash Flows from Investing |
-567,168,453 |
-3,004,224,964 |
-1,927,879,385 |
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-Cash Inflow from Investing |
11,002,651,501 |
8,000,889,670 |
5,753,418,222 |
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-Cash Outflows for Investing |
-11,569,819,954 |
-11,005,114,634 |
-7,681,297,607 |
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Cash Flows from Financing |
-3,400,000,000 |
- |
- |
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-Cash Inflows from Financing |
- |
- |
- |
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-Cash Outflows from Financing |
-3,400,000,000 |
- |
- |
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Increase/Decrease in Cash |
175,281,735 |
-1,239,752,527 |
713,046,031 |
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Cash at the Beginning of Year |
1,080,662,294 |
2,320,414,821 |
1,607,368,790 |
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Cash at the End of Year |
1,255,944,029 |
1,080,662,294 |
2,320,414,821 |
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Main Products & Services |
Balancing Machine, Shaft Straightening Machine |
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Customers |
KOKUSAI CO., LTD. |
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Competitors |
CHUNG LIM ENGINEERING CO., LTD. 752-3, CHANGPYEONG-DONG, BUK-GU, TEL:+82-52-287-4203 FAX:+82-52-287-4206 HANBANDO BALANCE INC. 742-5, WONSI-DONG, DANWON-GU, ANSAN-SI, TEL:+82-31-491-1101 FAX:+82-31-491-1100 DONGSUNG INDUSTRY MACHINE CO., LTD. 1061-15, HWAYANG-RI, DONG-EUP, UICHANG-GU,
CHANGWON-SI, TEL:+82-55-253-9877 FAX:+82-55-253-9879 |
(Subsidiaries, Joint-Venture & Affiliates)
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Affiliates |
KOKUSAI CO., LTD. KOKUSAI INCORPORATED KOKUSAI SHANGHAI CO.,LTD. |
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Cooperative |
-Insured Company DONGBU INSURANCE CO., LTD.(110111-0095285) |
(Activity &
Markets)
The Subject deals
with the companies in
No.
--
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.51.55 |
|
|
1 |
Rs.81.95 |
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Euro |
1 |
Rs.67.57 |
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 |
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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.