|
Report Date : |
05.12.2012 |
IDENTIFICATION DETAILS
|
Name : |
GOOD WILL INSTRUMENT CO., LTD. |
|
|
|
|
Registered Office : |
1F., No.7-1, |
|
|
|
|
Country : |
|
|
|
|
|
Financials (as on) : |
30.09.2012 |
|
|
|
|
Date of Incorporation : |
17.09.1975 |
|
|
|
|
Com. Reg. No.: |
04735004 |
|
|
|
|
Legal Form : |
Joint Stock Company |
|
|
|
|
Line of Business : |
Manufacturing and sales of electrical test
& measurement instruments, etc |
|
|
|
|
No. of Employees : |
About 350 Employees |
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 : |
Satisfactory |
|
|
|
|
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 – June 30th, 2012
|
Country Name |
Previous Rating (31.03.2012) |
Current Rating (30.06.2012) |
|
|
A2 |
A2 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
|
Moderate |
B1 |
|
High |
B2 |
|
Very High |
C1 |
|
Restricted |
C2 |
|
Off-credit |
D |
Source : CIA
|
Company Name: |
|
|
Supplied Name: |
|
|
Trading Address: |
No.7-1, Jhongsing Rd., Tucheng Dist., New
Taipei City 236, Taiwan (R.O.C.) |
|
Supplied Address: |
|
|
Telephone Number: |
+886-2-2268-0389 |
|
Fax Number: |
|
|
E-mail: |
|
|
Website: |
Notes: The exact name and address are as above.
|
Credit Opinion: |
|
Registered Name: |
Good Will Instrument Co., Ltd. |
|
Registered Address: |
1F., No.7-1, Jhongsing Rd., Tucheng Dist., New Taipei City 236, Taiwan
(R.O.C.) |
|
Date of Foundation: |
1975-9-17 |
|
Registration Number: |
04735004 |
|
Registry: |
Department of Commerce, Ministry of Economic Affairs, R.O.C. |
|
Registered Capital: |
NTD 1,500,000,000
(USD 51,000,000.00) (As of 2012.12, 1 NTD = 0.0340 USD) |
|
Paid-up Capital: |
NTD 1,166,906,290 (USD 39,674,813.86) |
|
Legal Representatives: |
Jinzhang Lin |
|
Legal Form: |
|
|
Principal Activities: |
Manufacturing and sales
of electrical
test & measurement instruments, etc |
|
Staff: |
|
|
Listed at Stock
Exchange: |
|
|
Date of Last
Annual Return: |
Subject was incorporated
on 1975-9-17 with registered number 04735004
as Joint Stock Company in
Taiwan.
Subject was listed on Taiwan stock exchange on 2000-9-11.
Awards
|
Year |
Awards |
|
2009 |
Blue chip
importer and exporter |
|
2010 |
Blue chip
importer and exporter |
|
2011 |
Blue chip
importer and exporter |
Standard of Blue chip
importer and exporter
Unit: USD
|
Year |
Amount |
|
2009 |
15,000,000 |
|
2010 |
20,000,000 |
|
2011 |
22,000,000 |
|
Name |
Subscription Amount |
|
Jinzhang Lin |
17,208,473 |
|
Chaoming Zhang |
|
|
7,702,845 |
|
|
Qingwen Lin |
11,604,859 |
|
Yueru Liao |
177,513 |
|
Hongyi Chen |
48,103 |
|
Xiaozhen Lin |
1,510,539 |
|
Zhengxiong Lin |
117,600 |
|
Yuechin Lin |
523,204 |
The information above is that of subject’s major shareholders.
Branch Companies
|
1 |
|
|
Name: |
Instek America
Corp. |
|
Address: |
3661 Walnut
Avenue, Chino, CA 91710 |
|
Telephone
Number: |
+1-909-591-8358 |
|
Fax Number: |
+1-909-591-2280 |
|
Email: |
|
|
2 |
|
|
Name: |
Instek Japan
Corporation |
|
Address: |
4F, Prosper
Bldg, 1-3-3 Iwamoto-Cho Chiyoda-Ku, Tokyo 101-0032 Japan |
|
Telephone
Number: |
+81-3-5826-5656 |
|
Fax Number: |
+81-3-5823-5655 |
|
Email: |
|
|
3 |
|
|
Name: |
Good Will
Instrument Korea Co., Ltd. |
|
Address: |
Room No.805, Ace
Hightech-City B/D 1Dong, Mullae-Dong 3Ga 55-20, Yeongduengpo-Gu, Seoul, Korea |
|
Telephone
Number: |
+82-2-3439-2205 |
|
Fax Number: |
+82-2-3439-2207 |
|
Email: |
|
|
4 |
|
|
Name: |
Good Will
Instrument (M) Sdn. Bhd. |
|
Address: |
27, Persiaran Mahsuri
1/1, Sunway Tunas, 11900 Bayan Lepas, Penang, Malaysia. |
|
Telephone
Number: |
+604-630-9985 |
|
Fax Number: |
+604-630-9989 |
|
Email: |
|
|
5 |
|
|
Name: |
Good Will Instrument
(Suzhou) Co., Ltd. |
|
Address: |
No. 521,
Zhujiang Road, Snd, Suzhou Jiangsu 215011 China |
|
Telephone
Number: |
+86-512-
6661-7177 |
|
Fax Number: |
+86-512-6661-7277 |
|
Email: |
|
|
6 |
|
|
Name: |
Instek
Electronic (Shanghai) Co., Ltd. |
|
Address: |
8F of No.2
Building, No.889 Yishan Road, Shanghai, China |
|
Telephone
Number: |
+86-21-6485-3399 |
|
Fax Number: |
+86-21-5450-0789 |
Core
Management
|
1 |
|
|
Name |
Jinzhang Lin |
|
Position |
Board Director |
|
2 |
|
|
Name |
Chaoming Zhang |
|
Position |
Vice President
of the Board Director |
|
Date of
Appointment |
2003-6-16 |
|
3 |
|
|
Name |
Qingwen Lin |
|
Position |
Director |
|
4 |
|
|
Name |
Yueru Liao |
|
Position |
Director |
|
5 |
|
|
Name |
Hongyi Chen |
|
Position |
Director |
|
6 |
|
|
Name |
Xiaozhen Lin |
|
Position |
Supervisor |
|
7 |
|
|
Name |
Zhengxiong Lin |
|
Position |
Supervisor |
|
8 |
|
|
Name |
Yenchin Lin |
|
Position |
Supervisor |
Personnel
Structure
|
Total Employees |
About 350 Employees |
Offices
& Factories
|
|
Headquarters |
|
Add |
No.7-1, Jhongsing Rd., Tucheng Dist., New Taipei City 236, Taiwan
(R.O.C.) |
l
Subject is engaged in manufacturing of electrical
test & measurement instruments, etc.
l
Subject has factories in Taiwan, Suzhou, mainland China
and Malaysia for production.
Purchase
Information
l
The registered activities of subject:
|
Business Code |
Details |
|
CC01030 |
Manufacturing of electrical equipment and
audio-visual electronic products |
|
CC01060 |
Manufacturing of cable communication equipment |
|
CC01070 |
Manufacturing
of Wireless communication equipment |
|
CC01101 |
Manufacturing of radio-frequency devices
controlled by telecommunication |
|
CC01110 |
Manufacturing of computer and its peripheral equipment |
|
CC01120 |
Manufacturing and copying of data storage
equipment |
|
CC01990 |
Manufacturing of other electrical machine and
electronic equipment |
|
CE01010 |
Manufacturing of general instrument |
|
CE01030 |
Manufacturing of optical instrument |
|
CE01990 |
Manufacturing of other optical instrument and
precise instrument |
|
EZ05010 |
Installation of instrument and meter |
|
E601020 |
Installation of electrical equipment |
|
E603040 |
Installation of firefighting equipment |
|
E603050 |
Installation of automatic control equipment |
|
E605010 |
Installation of computer equipment |
|
E701010 |
Communication engineering |
|
E701030 |
Installation of radio-frequency devices
controlled by telecommunication |
|
F113030 |
Wholesale of precise instrument |
|
F113070 |
Wholesale of telecom equipment |
|
F113990 |
Wholesale of other machinery |
|
F117010 |
Wholesale of firefighting equipment |
|
F213010 |
Retail of electrical equipment |
|
F213030 |
Retail of computer and office equipment |
|
F213040 |
Retail of precise instrument |
|
F213060 |
Retail of telecom equipment |
|
F217010 |
Retail of firefighting equipment |
|
F401010 |
International trade business |
|
F401021 |
Import of radio-frequency devices controlled by
telecommunication |
|
F601010 |
Intellectual property industry |
|
ID01010 |
Proof of measuring instruments |
|
IG03010 |
Energy technology service |
|
ZZ99999 |
Besides licensed business, all other business items
those are not banned or restricted. |
l
The components for production are purchased both
home and abroad.
l
Subject is engaged in sales of electrical test
& measurement instruments, etc.
l
Subject’s sales regions include Asia, America, and
Europe, etc.
l
Subject has their own brand “GWINSTEK”.
l
Subject obtained the certification of ISO 14001 and
ISO 9001:2008.
Major products sold
|
Type |
Product |
|
Oscilloscopes |
Digital Oscilloscopes, Real-Time/ Digital Storage
Oscilloscopes, Analog Oscilloscopes, Logic Analyzers, Oscilloscope &
Training Kit |
|
Spectrum Analyzers |
Spectrum Analyzers, RT Training System |
|
Signal Sources |
Arbitrary Function Generators, DDS Function
Generators, Analog Function Generators |
|
DC/AC Power Supply |
Programmable AC Power Source, Programmable DC
Electronic Load, Programmable Linear DC Power Supplies, Switching DC Power
Supplies, AC Power Source, DC Electronic Loads |
|
Basic T&M |
Digital Meters, LCR Meters |
|
Accessories |
Test Leads/ Cables/ Probes, Cases/ Bags/ Racks |
|
Discontinued Products |
Discontinued Products |
Import and export right:
|
Import right |
Yes |
|
Export right |
Yes |
Purchase
Domestic Purchase
|
Payment Terms |
Proportion |
|
|
Components |
COD, CBD, etc |
100% |
Foreign Purchase
|
Payment Terms |
Proportion |
|
|
Components |
CBD, etc |
100% |
Sales
Domestic Markets
|
Sales Terms |
Proportion |
|
|
Electrical test & measurement instruments |
COD, CBD, Credit Sales, etc |
100% |
Export
|
Sales Terms |
Proportion |
|
|
Electrical test & measurement instruments |
CBD, etc |
100% |
Notes: Subject’s settlement for export is generally in USD
Unit: NTD/000
|
Date |
2012-9-30 |
2011-9-30 |
|
Assets |
|
|
|
Current Assets |
|
|
|
Cash and cash equivalents |
27,304.00 |
25,263.00 |
|
Notes receivable - net |
16,176.00 |
15,609.00 |
|
Accounts receivable - net |
132,577.00 |
196,292.00 |
|
Accounts receivable - related parties - net |
62,234.00 |
15,440.00 |
|
Other receivables |
27,515.00 |
34,543.00 |
|
Other receivables - related parties |
560.00 |
174.00 |
|
Inventories |
380,911.00 |
385,376.00 |
|
Other prepayments |
10,988.00 |
23,455.00 |
|
Other current assets |
18,358.00 |
32,340.00 |
|
Current assets |
676,623.00 |
728,492.00 |
|
Funds and Investments |
|
|
|
Financial assets carried at cost - non current |
77,806.00 |
76,566.00 |
|
Investments |
867,561.00 |
824,836.00 |
|
Other financial assets - non current |
4,560.00 |
8,827.00 |
|
Funds and long-term investments |
949,927.00 |
910,229.00 |
|
Fixed Assets |
|
|
|
Cost |
|
|
|
Land |
412,307.00 |
412,307.00 |
|
Buildings and structures |
194,013.00 |
250,999.00 |
|
Machinery and equipment |
29,611.00 |
28,393.00 |
|
Molding equipment |
29,365.00 |
32,075.00 |
|
Computer and telecommunication equipment |
34,890.00 |
34,171.00 |
|
Testing equipment |
59,219.00 |
46,359.00 |
|
Transportation equipment |
12,427.00 |
9,770.00 |
|
Office equipment |
11,066.00 |
18,370.00 |
|
Other facilities |
1,179.00 |
3,610.00 |
|
Fixed assets cost |
784,077.00 |
836,054.00 |
|
Accumulated depreciation |
-118,421.00 |
-214,723.00 |
|
Construction in process and prepayment for
equipments |
3,761.00 |
2,528.00 |
|
Fixed assets |
669,417.00 |
623,859.00 |
|
Intangible Assets |
|
|
|
Deferred pension cost |
8,475.00 |
9,685.00 |
|
Intangible assets |
8,475.00 |
9,685.00 |
|
Other Assets |
|
|
|
Idled assets |
0.00 |
0.00 |
|
Deferred income tax assets - non current |
23,786.00 |
17,549.00 |
|
Other assets - other |
13,497.00 |
9,307.00 |
|
Other assets |
37,283.00 |
26,856.00 |
|
Assets |
2,341,725.00 |
2,299,121.00 |
|
Liabilities and Stockholders' Equity |
|
|
|
Liabilities |
|
|
|
Current Liabilities |
|
|
|
Short-term borrowings |
124,000.00 |
46,197.00 |
|
Notes payable |
77,589.00 |
89,062.00 |
|
Notes payable - related parties |
6,693.00 |
2,635.00 |
|
Accounts payable |
46,484.00 |
52,650.00 |
|
Accounts payable - related parties |
2,768.00 |
30,854.00 |
|
Income tax payable |
14,508.00 |
0.00 |
|
Accrued expenses |
105,208.00 |
93,357.00 |
|
Other payables - related parties |
0.00 |
0.00 |
|
Other payables |
3,523.00 |
12,872.00 |
|
Long-term liabilities - current portion |
0.00 |
0.00 |
|
Other current liabilities |
7,009.00 |
17,821.00 |
|
Current liabilities |
387,782.00 |
345,448.00 |
|
Long term Liabilities |
|
|
|
Long-term borrowings |
0.00 |
0.00 |
|
Long-term liabilities |
0.00 |
0.00 |
|
Reserves |
|
|
|
Other Liabilities |
|
|
|
Pension reserve / accrued pension liability |
178,727.00 |
161,854.00 |
|
Guarantee deposits received |
545.00 |
3,245.00 |
|
Other liabilities - other |
51,576.00 |
40,619.00 |
|
Other liabilities |
230,848.00 |
205,718.00 |
|
Liabilities |
618,630.00 |
551,166.00 |
|
Stockholders' Equity |
|
|
|
Capital |
|
|
|
Common stock |
1,166,906.00 |
1,111,403.00 |
|
Capital Surplus |
|
|
|
Capital surplus - additional paid-in capital |
23,074.00 |
23,074.00 |
|
Capital surplus |
23,074.00 |
23,074.00 |
|
Retained Earnings |
|
|
|
Legal reserve |
231,816.00 |
205,133.00 |
|
Special reserve |
25,563.00 |
70,691.00 |
|
Unappropriated retained earnings |
334,139.00 |
365,762.00 |
|
Retained earnings |
591,518.00 |
641,586.00 |
|
Stockholders' Equity and Other adjustment |
|
|
|
Cumulative translation adjustments |
-2,301.00 |
18,171.00 |
|
Net loss not recognized as pension cost |
-52,554.00 |
-42,731.00 |
|
Treasure stock |
-3,548.00 |
-3,548.00 |
|
Equity adjustments |
-58,403.00 |
-28,108.00 |
|
Stockholdersˉ equity |
1,723,095.00 (USD 57,551,373.00) |
1,747,955.00 (USD 58,381,697.00) |
|
Number of treasury stock acquired by the company
and subsidiaries (unit: share) |
135,000.00 |
135,000.00 |
|
|
0.00 |
0.00 |
(As of 2012.12, 1 NTD = 0.0340 USD)
Unit: NTD/000
|
Date |
2012-1-1~2012-9-30 |
2011-1-1~2011-9-30 |
|
Sales |
1,077,667.00 (USD 35,994,077.80) |
1,132,579.00 (USD 38,507,686.00) |
|
Sales returns |
2,444.00 |
1,253.00 |
|
Sales |
1,075,223.00 |
1,131,326.00 |
|
Operating income |
1,075,223.00 |
1,131,326.00 |
|
Operating costs |
658,806.00 |
708,965.00 |
|
Gross profit (loss) from operations |
416,417.00 |
422,361.00 |
|
Unrealized gains on intercompany transactions |
49,969.00 |
39,728.00 |
|
Realized gains on intercompany transactions |
39,728.00 |
33,215.00 |
|
Selling expense |
124,865.00 |
122,558.00 |
|
General and administrative expenses |
76,769.00 |
90,209.00 |
|
Research and development expenses |
117,232.00 |
109,691.00 |
|
Operating expenses |
318,866.00 |
322,458.00 |
|
Operating income (loss) |
87,310.00 |
93,390.00 |
|
Non-Operating Income |
|
|
|
Interest income |
74.00 |
72.00 |
|
Income from long-term equity investments under
the equity method |
34,545.00 |
41,232.00 |
|
Dividends |
3,963.00 |
6,622.00 |
|
Investment income |
38,508.00 |
47,854.00 |
|
Gains on disposal of fixed assets |
4.00 |
104,380.00 |
|
Gains on sale of investments |
37,389.00 |
72.00 |
|
Foreign exchange gains |
0.00 |
14,971.00 |
|
Rent income |
5,050.00 |
11,526.00 |
|
Reversal of provision for bad debts |
0.00 |
2,862.00 |
|
Revaluation gain on financial assets |
0.00 |
0.00 |
|
Miscellaneous income |
1,874.00 |
2,764.00 |
|
Non-operating revenues and gains |
82,899.00 |
184,501.00 |
|
Non-Operating Expenses |
|
|
|
Interest expense |
483.00 |
1,482.00 |
|
Investment loss |
0.00 |
0.00 |
|
Loss on disposal of fixed assets |
17.00 |
102.00 |
|
Foreign exchange losses |
4,471.00 |
0.00 |
|
Revaluation loss on financial liabilities |
0.00 |
0.00 |
|
Non-operating expenses and losses |
4,971.00 |
1,584.00 |
|
Income from continuing operations before income
tax |
165,238.00 |
276,307.00 |
|
Income tax expense (benefit) |
38,946.00 |
16,361.00 |
|
Income from continuing operations |
126,292.00 |
259,946.00 |
|
Net income (loss) |
126,292.00 (USD 4,293,928.00) |
259,946.00 (USD 8,838,164.00) |
|
Primary Earnings per Share |
|
|
|
Primary earnings per share |
1.08 |
2.23 |
|
Diluted earnings per share |
|
|
|
Diluted earnings per share |
1.08 |
2.21 |
(As of 2012.12, 1 NTD =
0.0340 USD)
Unit: NTD/000
|
Date |
2012-1-1~2012-9-30 |
2011-1-1~2011-9-30 |
|
Cash Flows from Operating Activities - Indirect
Method |
|
|
|
Net Income (Loss) |
126,292 |
259,946 |
|
Adjustments to Reconcile Net Income to Net Cash
Provided by (Used in) Operating Activities |
|
|
|
Depreciation Expense |
22,832 |
29,913 |
|
Difference Between Net Pension Cost and Plan
Contribution |
5,800 |
7,579 |
|
Investment Loss (Income) Recognized under Equity
Method |
-34,545 |
-41,232 |
|
Cash Dividends Received from Investments
Accounted for under Equity Method |
0 |
22,626 |
|
Loss (Gain) on Disposal of Property, Plant and
Equipment |
13 |
102 |
|
Loss (Gain) on Disposal of Idle Assets |
0 |
-104,380 |
|
Loss (Gain) on Disposal of Investments |
-37,389 |
-72 |
|
Unrealized Gain (Loss) on Intercompany
Transactions |
10,241 |
6,513 |
|
Realized Loss (Gain) on Intercompany Transactions |
0 |
0 |
|
Changes in Operating Assets and Liabilities |
|
|
|
Decrease (Increase) in Notes Receivable |
7,214 |
7,642 |
|
Decrease (Increase) in Accounts Receivable |
-25,888 |
-28,797 |
|
Decrease (Increase) in Other Receivables |
3,304 |
-5,856 |
|
Decrease (Increase) in Inventories |
-45,043 |
-118,957 |
|
Decrease (Increase) in Other Prepayments |
-1,268 |
-19,817 |
|
Decrease (Increase) in Other Current Assets |
-258 |
710 |
|
Decrease (Increase) in Deferred Tax Assets |
6,217 |
741 |
|
Increase (Decrease) in Notes Payable |
14,686 |
23,053 |
|
Increase (Decrease) in Accounts Payable |
-8,412 |
-7,571 |
|
Increase (Decrease) in Income Tax Payable |
14,508 |
-27,496 |
|
Increase (Decrease) in Accrued Expenses |
10,750 |
-24,191 |
|
Increase (Decrease) in Other Payables |
-29,898 |
11,966 |
|
Increase (Decrease) in Other Current Liabilities |
-24,820 |
-32,528 |
|
Net Cash Provided by (Used in) Operating
Activities |
14,336 |
-40,106 |
|
Cash Flows from Investing Activities |
|
|
|
Acquisition of Financial Assets as Fair Value
through Profit or Loss |
0 |
-80,000 |
|
Proceeds from Disposal of Financial Assets as
Fair Value through Profit or Loss |
0 |
80,072 |
|
Acquisition of Financial Assets Carried at Cost |
0 |
-5,700 |
|
Acquisition of Investments Accounted for by
Equity Method |
-44,200 |
-24,650 |
|
Proceeds from Disposal of Investments Accounted
for by Equity Method |
40,000 |
0 |
|
Purchase of Property, Plant and Equipment |
-66,016 |
-33,450 |
|
Proceeds from Disposal of Property, Plant and
Equipment |
152 |
0 |
|
Proceeds from Disposal of Rental Assets and Idle
Assets |
0 |
270,896 |
|
Decrease (Increase) in Refundable Deposits |
-4,540 |
-2,325 |
|
Decrease (Increase) in Other Financial Assets |
4,267 |
-4,267 |
|
Net Cash Provided by (Used in) Investing
Activities |
-70,337 |
200,576 |
|
Cash Flows from Financing Activities |
|
|
|
Increase (Decrease) in Short-term Loans |
100,873 |
32,176 |
|
Increase (Decrease) in Guarantee Deposits
Received |
-2,701 |
25 |
|
Increase (Decrease) in Other Payables - Related
Parties |
0 |
0 |
|
Increase (Decrease) in Long-term Liabilities |
0 |
-182,723 |
|
Cash Dividends Paid |
-111,005 |
-79,386 |
|
Purchase of Treasury Stock |
0 |
-3,548 |
|
Net Cash Provided by (Used in) Financing
Activities |
-12,833 |
-233,456 |
|
Net Increase (Decrease) in Cash and Cash
Equivalents |
-68,834 |
-72,986 |
|
Cash and Cash Equivalents, Beginning of year |
96,138 |
98,249 |
|
Cash and Cash Equivalents, End of year |
27,304 |
25,263 |
|
Supplemental Cash Flow Information |
|
|
|
Interest Paid |
497 |
1,635 |
|
Interest Paid- Excluding Capitalized Interest |
497 |
1,635 |
|
Income Tax Paid |
16,724 |
48,630 |
|
Non-cash Investing and Financing Activities |
|
|
|
Current Portion of Long-term Liabilities |
0 |
19,000 |
|
Cash Dividends Payable |
111,005 |
79,386 |
|
Long-term Investments under Equity Method
Reclassified as Financial Assets Measured at Cost |
1,240 |
0 |
Subject declined to disclose its bank details; from other source we cannot obtain the relevant information, either.
Mortgage
No chattel mortgage record of subject has been found within the recent 3
months.
Lawsuit
Up to date of
reporting, no existing or latent litigation of the subject has been found.
|
Name |
Ms. Yang |
|
Department |
Sales Department |
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.54.95 |
|
UK Pound |
1 |
Rs.88.42 |
|
Euro |
1 |
Rs.71.71 |
INFORMATION DETAILS
|
Report Prepared
by : |
MNL |
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.