|
Report Date : |
12.04.2012 |
IDENTIFICATION DETAILS
|
Name : |
KUMHO POLYCHEM
CO., LTD. |
|
|
|
|
Registered Office : |
115, Sinmunno 1-ga, Jongno-gu, |
|
|
|
|
Country : |
|
|
|
|
|
Financials (as on) : |
31.12.2011 |
|
|
|
|
Date of Incorporation : |
15.06.1985 |
|
|
|
|
Com. Reg. No.: |
104-81-34515 |
|
|
|
|
Legal Form : |
Co., Ltd by shares |
|
|
|
|
Line of Business : |
Manufacture of Synthetic Rubber |
|
|
|
|
No. of Employees : |
144 |
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 : |
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 – September 30, 2011
|
Country Name |
Previous Rating (30.06.2011) |
Current Rating (30.09.2011) |
|
|
A1 |
A1 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
|
Moderate |
B1 |
|
High |
B2 |
|
Very High |
C1 |
|
Restricted |
C2 |
|
Off-credit |
D |
|
Company
Name |
KUMHO POLYCHEM
CO., LTD. (Korean Company Name
: “금호폴리켐(주)”) |
|
Registered Address |
115, Sinmunno 1-ga, Jongno-gu, |
|
Building |
20th Fl., Kumho Asiana Main Bldg. |
|
Zip Code |
110-061 |
|
Tel |
+82-2-6303-3801 |
|
Fax |
+82-2-6303-3812 |
|
E-mail |
yoo1128@polychem.co.kr;webmaster@polychem.co.kr |
|
Website |
www.polychem.co.kr |
|
Trading Address |
20th Fl., Kumho Asiana Main Bldg., 115,
Sinmunno 1-ga, Jongno-gu, |
|
Tel |
+82-2-6303-3801 |
|
Fax |
+82-2-6303-3812 |
|
Other Address-Yeocheon Factory |
144-6, Wolha-dong, Yeosu-si, |
|
Tel |
+82-61-688-2711 |
|
Fax |
+82-61-688-2899 |
|
Type |
Export |
|
Industry |
Manufacture of Synthetic Rubber |
|
Main Business |
Athylenpropylene Rubber, Synthetic Rubber |
|
Established (mm/dd/yyyy) |
06/05/1985 |
The Subject owns
the premises of Yeocheon Factory.
|
Activity |
Detailed Products (UNSPSC) |
|
Sell |
Rubber compound(13101607) |
|
Name |
Ghil Byung-Wul |
|
Address |
Rm.806-1201, 1151-5, Sanbon-dong,
Gunpo-si, |
|
Date of Birth |
10/09/1948 |
|
Title |
President & CEO |
|
Sex |
Male |
|
Nationality |
Korean |
|
Capital (KRW) |
21,500,000,000 |
||||||||||||
|
Employees |
144 |
||||||||||||
|
Formation |
Co., Ltd by shares Foreign Direct Investment Corporation A company of KUMHO ASIANA BUSINESS GROUP |
||||||||||||
|
Bank Details |
Woori Bank-Sales 1 Division Korea Development Bank Shinhan Bank Korea Exchange Bank |
||||||||||||
|
Corporate Registered No. |
110111-0400533 |
||||||||||||
|
Business Registered No. |
104-81-34515 |
||||||||||||
|
Permit & Licenses |
11/20/1993 Obtained ISO 9002 05/24/1994 Obtained ISO 9001 09/30/1996 Obtained ISO 14001 12/06/2000 Obtained KOSHA 2000 certificate 10/17/2000 Obtained OHSAS 18001 certificate 01/27/2006 Obtained ISO 9001 by DNV 01/27/2006 Obtained ISO 14001 by DNV Int’l Trade No.: 548029 |
||||||||||||
|
Shareholder Position |
|
||||||||||||
|
Company History |
06/05/1985 Incorporated as KUMHO EP RUBBER 1986 Completed construction of the Yeochon
plant 1986 Signed an agreement for technology
licensing for 1st expansion (20,000MT/Yr) with Japan Synthetic Rubber Co.,
Ltd. 01/09/1987 Registered as a Foreign Direct
Investment Corporation 1988 Signed an agreement for stock sales
and modified JV (Korea Kumho Petrochemical Co., Ltd., Japan Synthetic Rubber,
Co., Ltd. and Exxon Chemical Co., Ltd.) 1988 Signed an agreement for a technology
license with Exxon Chemical Co., Ltd. 1989 Completed construction of the 1st
plant expansion 1989 Started Business 1993 Received ISO 9002 certification 1994 Received ISO 9001 certification 1994 Received BS 7750 certification 1995 Signed an Agreement for a KP-II Plant
Technology License 1996 Received ISO 14001 certification 05/01/1997 Changed the company’s name to
Kumho Polychem Co., Ltd. 1997 Held the KP-II Plant construction
completion ceremony (50,000MT/Yr) 2000 Received ISO 18001 certification 2000 Received KOSHA 2000 certification 03/27/2001 Increased the authorized shares
to 12,000,000 shares from 4,000,000 shares 11/06/2001 Increased capital to
30,000,000,000 KRW from 15,000,000,000 KRW 06/11/2002 Decreased capital to 24,000,000,000
KRW from 30,000,000,000 KRW 03/27/2003 Decreased capital to
21,500,000,000 KRW from 24,000,000,000 KRW 2005 Signed an Agreement for Stock
Transaction and JV Modification (Korea Kumho Petrochemical Co., Ltd. and
Japan Synthetic Rubber Co., Ltd.). 2005 Changed shareholding (Kumho
Petrochemical : JSR = 50:50) 2006 Received the patent for EP(D)M
production process technology <Patent Name>: High yield EP(D)M
manufacturing method and yield control method, and EP(D)M recovery method 2007 3rd expansion construction completion
ceremony (80,000MT/Yr) 2007 Selected as an excellent quality
business (for 8 consecutive years) 11/2007 Awarded USD 100 09/07/2008 Moved to the present HQ address
from 57, Sinmunno 1-ga, Jongno-gu, |
||||||||||||
|
|
|
Management
|
Job Description |
Title |
Name |
Sex |
Nationality |
Inauguration Date |
|
Co-President & CEO |
Mr. |
Ghil Byung-Wul |
Male |
Korean |
11/01/2006 |
|
Co-President & CEO |
Mr. |
Kawai Tastusi |
Male |
Japanese |
03/06/2009 |
|
Director |
Mr. |
Park Chan-Gu |
Male |
Korean |
03/06/1998 |
|
Director |
Mr. |
|
Male |
Japanese |
06/16/2008 |
|
Director |
Mr. |
Lee Seo-Young |
Male |
Korean |
03/23/2010 |
|
Director |
Mr. |
Koshiba Mitsunobu |
Male |
Japanese |
06/17/2011 |
|
Auditor |
Mr. |
Han Dong-Hwa |
Male |
Korean |
07/19/2010 |
|
Auditor |
Mr. |
Inoue Kaztuya |
Male |
Japanese |
06/17/2011 |
Financials
|
Year / Unit : KRW |
Sales |
Assets |
Net Income |
|
403,243,061,120 |
308,647,190,756 |
110,629,567,944 |
|
|
(*)2010 |
309,805,563,351 |
215,220,666,911 |
54,384,460,467 |
|
2009 |
219,001,945,770 |
159,634,856,497 |
21,695,848,327 |
|
2008 |
204,491,335,877 |
153,916,504,724 |
9,667,634,155 |
|
2007 |
151,482,919,960 |
134,196,824,121 |
4,814,410,180 |
|
2006 |
143,249,207,329 |
108,829,517,839 |
11,048,313,789 |
|
2005 |
129,916,865,273 |
81,204,422,939 |
17,568,304,688 |
|
2004 |
110,680,354,635 |
61,447,096,136 |
4,718,277,521 |
|
2003 |
99,325,824,880 |
61,964,578,036 |
6,328,211,894 |
(*)2010 and 2011’s figures are
based on the K-IFRS Accounting System.
Financial
Description
|
Authorized Capital(KRW) |
60,000,000,000 |
|
Paid-Up Capital(KRW) |
21,500,000,000 |
|
Total Issues Shares |
4,300,000 |
|
Unit : Korean Won |
As of 12/31/2011 |
As of 12/31/2010 |
As of 12/31/2009 |
|
Total
Assets |
308,647,190,756 |
215,220,666,911 |
|
|
Current Assets |
155,672,077,829 |
108,130,505,440 |
|
|
Inventories |
60,012,294,931 |
41,231,288,476 |
|
|
Trade
Receivables |
26,351,801,170 |
23,077,849,746 |
|
|
Other Receivables |
18,850,360,683 |
3,883,020,069 |
|
|
Cash & Cash Equivalents |
49,909,961,550 |
39,350,325,377 |
|
|
Other Current Assets |
547,659,495 |
588,021,772 |
|
|
Non-Current Assets |
152,975,112,927 |
107,090,161,471 |
|
|
Tangibles |
147,343,619,038 |
101,970,951,835 |
|
|
Intangibles |
3,802,538,656 |
3,456,294,624 |
|
|
Other Receivables |
1,828,955,233 |
1,641,426,088 |
|
|
Other Non-Current Assets |
- |
21,488,924 |
|
|
Total Liabilities |
85,740,487,617 |
80,221,930,554 |
|
|
Current Liabilities |
73,572,628,233 |
67,232,396,987 |
|
|
Trade Payables |
19,857,853,737 |
16,049,077,554 |
|
|
Other Payables |
18,405,651,506 |
13,749,117,342 |
|
|
Short-Term Borrowings |
10,007,157,040 |
22,512,256,358 |
|
|
Derivatives |
- |
159,484,037 |
|
|
Accrued Income Tax |
24,913,425,180 |
13,772,226,691 |
|
|
Other Current Liabilities |
388,540,770 |
990,235,005 |
|
|
Non-Current Liabilities |
12,167,859,384 |
12,989,533,567 |
|
|
Other Payables |
2,702,015,420 |
3,769,940,420 |
|
|
Long-Term Borrowings |
4,064,000,000 |
5,124,000,000 |
|
|
Derivatives |
- |
- |
|
|
Deferred Income Tax Credit |
1,694,039,626 |
1,624,139,597 |
|
|
Confirmed Salaries |
3,398,773,837 |
2,166,602,195 |
|
|
Long-Term Accrued Expenses |
309,030,501 |
304,851,355 |
|
|
Capital Stock |
21,500,000,000 |
21,500,000,000 |
|
|
Capital Surplus |
1,559,108,425 |
1,559,108,425 |
|
|
Others |
- |
-22,384,149 |
|
|
Profit Surplus |
199,847,594,714 |
111,962,012,081 |
|
|
Total Equity |
222,906,703,139 |
134,998,736,357 |
|
|
Liab. & Shareholder’s Equity |
308,647,190,756 |
215,220,666,911 |
|
|
Unit : Korean Won |
As of 12/31/2010 |
As of 12/31/2009 |
As of 12/31/2008 |
|
Total Assets |
205,610,314,957 |
159,634,856,497 |
153,916,504,724 |
|
Current Assets |
98,229,999,806 |
70,613,446,875 |
55,348,142,259 |
|
-Quick Assets |
56,998,711,330 |
31,783,769,618 |
11,650,400,861 |
|
-Inventories |
41,231,288,476 |
38,829,677,257 |
43,697,741,398 |
|
Fixed Assets |
107,380,315,151 |
89,021,409,622 |
98,568,362,465 |
|
-Investment |
3,680,698,780 |
3,807,675,652 |
7,039,653,265 |
|
-Tangibles |
101,970,951,835 |
83,504,980,476 |
89,311,858,290 |
|
-Intangibles |
750,491,612 |
868,820,974 |
987,634,010 |
|
-Others |
978,172,924 |
839,932,520 |
1,229,216,900 |
|
Total Liabilities |
67,381,464,506 |
69,656,133,573 |
80,530,436,057 |
|
Current Liabilities |
56,974,050,581 |
49,473,122,512 |
38,737,343,969 |
|
Fixed Liabilities |
10,407,413,925 |
20,183,011,061 |
41,793,092,088 |
|
Capital Stock |
21,500,000,000 |
21,500,000,000 |
21,500,000,000 |
|
Capital Surplus |
1,559,108,425 |
1,559,108,425 |
1,559,108,425 |
|
Profit Surplus |
115,192,126,175 |
67,012,324,882 |
50,691,476,555 |
|
Capital Adjustment |
-22,384,149 |
-92,710,383 |
-364,516,313 |
|
Total Equity |
138,228,850,451 |
89,978,722,924 |
73,386,068,667 |
|
Liab. & Shareholder’s Equity |
205,610,314,957 |
159,634,856,497 |
153,916,504,724 |
|
Current
Liabilities |
56,974,050,581 |
49,473,122,512 |
38,737,343,969 |
|
Trade Payables |
16,049,077,554 |
15,231,238,106 |
2,311,021,748 |
|
Short-Term Borrowings |
- |
- |
9,000,000,000 |
|
Account Payables |
11,113,655,155 |
6,747,639,452 |
8,639,998,800 |
|
Advance Receipts |
935,490,895 |
395,090,833 |
- |
|
Withholdings |
52,034,697 |
46,667,162 |
40,446,182 |
|
Taxes Withhold |
54,744,110 |
47,679,720 |
52,243,070 |
|
Accrued Income Tax |
13,772,226,691 |
4,739,874,400 |
2,825,592,594 |
|
Accrued Expenses |
2,129,790,938 |
1,773,719,069 |
1,048,438,090 |
|
Current Portion of Long-Term Debts |
12,707,546,504 |
20,144,927,076 |
14,715,024,220 |
|
Derivatives |
159,484,037 |
346,286,694 |
104,579,265 |
|
Fixed
Liabilities |
10,407,413,925 |
20,183,011,061 |
41,793,092,088 |
|
Long-Term Borrowings |
5,124,000,000 |
18,979,384,433 |
39,695,360,649 |
|
Derivatives |
- |
243,013,900 |
331,893,720 |
|
Provision for Severance & Retirement |
6,466,359,003 |
6,236,699,061 |
5,904,789,703 |
|
Long-Term Account Payables |
3,769,940,420 |
- |
- |
|
Non-Current Portion of Deferred Income Tax
Credit |
506,866,801 |
318,042,369 |
- |
|
Unit : Korean Won |
As of 12/31/2011 |
As of 12/31/2010 |
As of 12/31/2009 |
|
Sales |
403,243,061,120 |
309,805,563,351 |
|
|
Cost
of Sold Goods |
245,369,321,451 |
223,200,648,757 |
|
|
Gross
Profit |
157,873,739,669 |
86,604,914,594 |
|
|
Selling
& Admin. Expenses |
15,990,320,982 |
14,950,503,487 |
|
|
Other Operating Income |
3,492,909,095 |
1,783,758,290 |
|
|
Other Operating Expenses |
4,005,395,197 |
2,534,427,335 |
|
|
Operating Income |
141,370,932,585 |
70,903,742,062 |
|
|
Finance Income |
2,558,813,718 |
1,996,442,149 |
|
|
Finance Expenses |
1,018,804,045 |
2,242,585,715 |
|
|
Income Before Taxes |
142,910,942,258 |
70,657,598,496 |
|
|
Income Taxes Expenses |
32,281,374,314 |
16,273,138,029 |
|
|
Net Income |
110,629,567,944 |
54,384,460,467 |
|
|
Unit : Korean Won |
As of 12/31/2010 |
As of 12/31/2009 |
As of 12/31/2008 |
|
Sales |
309,805,563,351 |
219,001,945,770 |
204,491,335,877 |
|
Cost of Sold Goods |
216,695,318,764 |
169,594,466,165 |
171,301,433,450 |
|
Gross Profit |
93,110,244,587 |
49,407,479,605 |
33,189,902,427 |
|
Selling & Admin. Expenses |
21,585,107,174 |
17,591,566,275 |
17,488,616,512 |
|
Operating Income |
71,525,137,413 |
31,815,913,330 |
15,701,285,915 |
|
Non-Operating Income |
3,937,468,163 |
3,113,930,204 |
10,724,129,507 |
|
Non-Operating Expenses |
4,559,666,254 |
6,581,716,202 |
14,507,446,111 |
|
Income Before Taxes |
70,902,939,322 |
28,348,127,332 |
11,917,969,311 |
|
Income Taxes Expenses |
16,273,138,029 |
6,652,279,005 |
2,250,335,156 |
|
Net Income |
54,629,801,293 |
21,695,848,327 |
9,667,634,155 |
|
Unit : Korean Won |
As of 12/31/2011 |
As of 12/31/2010 |
As of 12/31/2009 |
|
Operating Activities Cash Flows |
117,988,795,746 |
78,964,830,984 |
|
|
Cash
Flows from Operating |
137,969,967,463 |
87,049,201,395 |
|
|
Interests
Received |
1,479,026,954 |
710,653,540 |
|
|
Interests Paid |
-779,932,746 |
-1,661,753,817 |
|
|
Income Taxes |
-20,680,265,925 |
-7,133,270,134 |
|
|
Cash Flows from Investing |
-72,378,057,021 |
-29,570,502,418 |
|
|
Cash Flows from Financing |
-35,067,116,755 |
-24,878,219,411 |
|
|
Increase/Decrease in Cash |
10,543,621,970 |
24,516,109,155 |
|
|
Cash at the Beginning of Year |
39,350,325,377 |
14,834,436,455 |
|
|
Cash at the End of Year |
49,909,961,550 |
39,350,325,377 |
|
|
Unit : Korean Won |
As of 12/31/2010 |
As of 12/31/2009 |
As of 12/31/2008 |
|
Cash Flows from Operating |
82,098,070,014 |
49,386,398,722 |
1,413,386,033 |
|
-Net Income |
54,629,801,293 |
21,695,848,327 |
9,667,634,155 |
|
-Exp. without Cash Outflow |
13,907,336,663 |
13,970,821,147 |
21,791,719,069 |
|
-Revenue without Cash Inflows |
-269,857,914 |
-3,670,393,317 |
-7,243,357,286 |
|
-Changes in Asset/ & Liability |
13,830,789,972 |
17,390,122,565 |
-22,802,609,905 |
|
Cash Flows from Investing |
-29,707,754,018 |
-6,600,223,983 |
-10,088,884,308 |
|
-Cash Inflow from Investing |
820,763,160 |
265,695,105 |
642,031,351 |
|
-Cash Outflows for Investing |
-30,528,517,178 |
-6,865,919,088 |
-10,730,915,659 |
|
Cash Flows from Financing |
-27,874,427,074 |
-28,608,024,225 |
5,596,500,000 |
|
-Cash Inflows from Financing |
283,000,000 |
482,000,000 |
45,834,437,687 |
|
-Cash Outflows from Financing |
-28,157,427,074 |
-29,090,024,225 |
-40,237,937,687 |
|
Increase/Decrease in Cash |
24,515,888,922 |
14,178,150,514 |
-3,078,998,275 |
|
Cash at the Beginning of Year |
14,834,436,455 |
656,285,941 |
3,735,284,216 |
|
Cash at the End of Year |
39,350,325,377 |
14,834,436,455 |
656,285,941 |
Products,
Technologies, Services Description
|
Main Products & Services |
Ethylene-Propylene based rubbers(EP(D)M) |
Trade Partners
& Competitors
|
Customers |
KOREA KUMHO PETRO CHEMICAL CO.,
LTD.(110111-0205975) |
|
Competitors |
SHIN-ETSU SILICONE KOREA CO., LTD. RM. 904, DANAM BLDG., 120, NAMDAEMUNNO
5-GA, JUNG-GU, TEL:+82-2-775-9691 FAX:+82-2-775-9690 CHO YANG CORPORATION 111-1, ANPYEONG-RI, HOBEOP-MYEON,
ICHEON-SI, TEL:+82-31-638-4220 FAX:+82-31-636-8015 DYM CO., LTD. 624-2, EOPSEONG-DONG, SEOBUK-GU,
CHEONAN-SI, TEL:+82-41-621-6250 FAX:+82-41-621-8420 |
Related Parties
(Subsidiaries, Joint-Venture & Affiliates)
|
Affiliates-Domestic |
KUMHO INDUSTRIAL CO., LTD(110111-0134877) KOREA KUMHO PETRO CHEMICAL CO., LTD(110111-0205975) DAEWOO ENGINEERING & CONSTRUCTION CO., LTD.(110111-2137895) KUMHO TIRE CO., LTD.(110111-2810590) ASIANA AIRLINES INC.(110111-0562804) KOREA EXPRESS CO., LTD(110111-0006167) KUMHO TRADING CO., LTD.(110111-2079641) KUMHO RENT-A-CAR CO., LTD.(110111-0513253) KUMHO MITSUI CHEMICALS, INS.(110111-0612980) KUMHO LIFE INSURANCE CO., LTD.(200111-0014608) KUMHO POLYCHEM CO., LTD.(110111-0400533) KUMHO P&B CHEMICALS, INC.(206211-0018313) KUMHO ASIANA MAIN TOWER CO., LTD.(110111-3207712) SEOUL EXPRESS BUS TERMINAL CO., LTD.(110111-0187644) ASIANAIDT, INC.(110111-0801848) ASIANA AIRPORT DEVELOPMENT CO., LTD.(110111-1412496) ASIANA ABACUS , INC.(110111-3010925) INCHEON AIRPORT ENERGY CO., LTD.(110111-1415408) JUNG-BU INTEGRATED FREIGHT TERMINAL CO., LTD.(110111-3284158) CHUNGJU BORAMAE CO., LTD.(110111-3348524) KUMHO TERMINAL CO., LTD.(200111-0231418) KUMHO RESORT CO., LTD(134511-0105856) GK FIXED LINK CORP(180111-0443224) AAS AIRPORT SERVICES. INC(110111-0562713) KUMHO AUTOLEASE, INC.(110111-3626970) ILSAN GRAND BRIDGE CORP.(110111-2576192) SOUTHWEST COAST LEISURE COMPANY(205511-0024878) GREEN ANSEONG ENVIRO CO., LTD(110111-3780833) SONGNISAN EXPRESS CO., LTD.(150111-0000286) THE KOREA EXPRESS TERMINAL CO., LTD.(110111-1726227) KOREA EXPRESS INFORMATION TECHNOLOGY CO., LTD(110111-2230417) GWANGYANG WEST CONTAINER TERMINAL CO., LTD.(110111-3547514) DAEHAN YONGYOK CO., LTD. BUSAN EAST CONTAINER TERMINAL CO., LTD.(180111-0101252) PECT NEW CONTAINER TERMINAL CO., LTD.(180111-0449579) DONG SEOK LOGISTICS CO., LTD.(144711-0009135) TERMINAL OPERATING CO., LTD OF MASAN PORT-PIER 4(194211-0035362) BUSAN GAMMAN CONTAINER TERMINAL CO., LTD.(180111-0560234) BND CO., LTD.(164811-0005799) INCHEON SOUTH TERMINAL OPERATION COMPANY(120111-0426305) KE-CATI LOGISTICS CO., LTD(204611-0024273) CNK WORLD LOGISTICS CO., LTD(110111-3638496) AIR BUSAN CO., LTD(180111-0605121) |
|
Affiliates-Overseas |
JSR TRADING CO., LTD DW ARABIA LTD. DW CONSTRUCTION PHILIPPINE INC. DW ENG & CON POLAND LTD. DW NIGERIA LTD. UNION DW ENG & CON LTD. DAEWOO-HANEL CORP. DAEWOO E & C IRAN PRUGIO SAKHALIN LTD. HECO(HELVETIA ENERGY COMPANY GMBH) AL-HIDAYAH-DAEWOO DEVELOPMENT SDN.BHD DW AMERICA DEVEL'T INC. DW ENG & CON.(M) SDN BHD DW POWER( ( DAEHA CO., LTD. GUILIN DW HOTEL CO., LTD. GULF ENG.CONST. & CONTRACT THT DEVELOPMENT CO.,LTD DAEWOO TRIPOLI INVESTMENT & DEVELOPMENT
CO. KUMHO HOLDINGS (H.K.) CO., LTD |
|
Cooperative |
- Insured Company DONGBU INSURANCE CO., LTD.(110111-0095285) -Technical Support Agreement with EXXON MOBIL CHEMICAL COMPANY |
The subject deals
with the companies in
No.
---
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.51.54 |
|
|
1 |
Rs.81.94 |
|
Euro |
1 |
Rs.67.56 |
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.