MIRA INFORM REPORT
|
Report Date : |
24.12.2012 |
IDENTIFICATION DETAILS
|
Correct Name : |
HUVIS CORP |
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Registered Office : |
119, Nonhyeon-dong, Gangnam-gu, |
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Country : |
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Financials (as on) : |
30.09.2011 |
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Date of Incorporation : |
01.11.2000 |
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Com. Reg. No.: |
215-81-98804 |
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Legal Form : |
Co., Ltd by shares |
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Line of Business : |
Manufacture of Synthetic Fibers |
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No. of Employees
: |
898 |
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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 : |
Exists |
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
|
Country Name |
Previous Rating (30.06.2011) |
Current Rating (30.09.2011) |
|
|
a1 |
a1 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
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 |
Basic
|
Company
Name |
HUVIS CORP (Korean Company Name : “(주)휴비스”) |
|
Registered
Address |
119, Nonhyeon-dong,
Gangnam-gu, |
|
Building |
12FL., |
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Zip Code |
135-010 |
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Tel |
+82-2-2189-4567 |
|
Fax |
+82-2-2189-4569 |
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E-mail |
|
|
Website |
|
|
Trading Address |
12FL., |
|
Tel |
+82-2-2189-4567 |
|
Fax |
+82-2-2189-4569 |
|
Other Address-Jeonju Factory |
339, Palbokdong 2-ga, Deokjin-gu,
Jeonju-si, |
|
Tel |
+82-63-210-2114 |
|
Fax |
+82-63-210-2233 |
|
Other Address-Ulsan Factory |
600, |
|
Tel |
+82-52-277-0121 |
|
Fax |
+82-52-277-0652 |
|
Other Address-Suwon Factory |
600, Jeongja-dong, Jangan-gu, Suwon-si, |
|
Tel |
+82-31-240-8171 |
|
Fax |
+82-31-245-3004 |
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Other
|
1690-1, Sinil-dong, Daedeok-gu, |
|
Tel |
+82-42-930-4567 |
|
Fax |
+82-42-930-4569 |
|
Other Address-Busan Office |
830-136, Beomil 2-dong, Dong-gu, |
|
Tel |
+82-51-631-5296 |
|
Fax |
+82-51-631-5240 |
|
Type |
Export |
|
Industry |
Manufacture of Synthetic Fibers |
|
Main Business |
Polyester Filament Yarn, Polyester Staple Fiber, Polyester Chip |
|
Established
(mm/dd/yyyy) |
11/01/2000 |
The Subject owns
the premises of Jeonju Factory.
Detailed Products
|
Activity |
Detailed Products (UNSPSC) |
|
Sell |
Polyester fibers(11151503) |
|
Sell |
Thermoplastic polyester(13111057) |
|
Sell |
Fibers(11151500) |
|
Sell |
Synthetic fabrics(11161800) |
|
Sell |
Resins(13111000) |
|
Sell |
Polyester fibers(11151503) |
|
Buy |
Compounds and mixtures(12350000) |
|
Buy |
Alcohols or its substitutes(12352104) |
CEO’s
|
Name |
You Bae-Keun |
|
Address |
|
|
Date of Birth |
10/14/1960 |
|
Title |
President & CEO |
|
Sex |
Male |
|
Nationality |
Korean |
Profiles
|
Capital (KRW) |
146,250,000,000 |
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|
Employees |
898 |
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|
Formation |
Co., Ltd by shares |
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Bank Details |
Woori Bank-Jongno Branch |
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Corporate Registered No. |
110111-2102070 |
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|
Business Registered No. |
215-81-98804 |
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|
Permit & Licenses |
05/2004 Obtained SEK Mark 09/2003 Obtained KT Mark (Fisto) 04/2001 Synthetic Fiber business division obtained Oeko-tex Standard
100, environmental certification of Int’l Trade No.: 11843667 |
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Shareholder Position |
|
||||||||||||
|
Company History |
11/11/2011 Moved
to the present HQ address from Huvis Bldg., 151-7, Samseong 1-dong,
Gangnam-gu, 10/26/2011
Increased capital to 146,250,000,000 KRW from 143,750,000,000
KRW 08/01/2006
Increased capital to 143,750,000,000 KRW
from 100,000,000,000 KRW 11/2004 05/2004 Obtained
SEK Mark 10/31/2003 Moved
its headquarters to 151-7, Samseong-dong, Gangnam-gu, 09/2003 Obtained
KT Mark (Fisto) 12/2001 Held a
signing ceremony for the establishment of a joint venture plant to
manufacture staple products in 11/2001
Staple'LMF' selected as the world's top product by the Ministry of Commerce,
Industry and Energy 08/2001 Newly established 'Research
Institute II' 04/2001 Synthetic Fiber business division
obtained Oeko-tex Standard 100, environmental certification of 11/01/2000 Huvis officially launched;
President and CEO Cho Min-ho assumed office. 07/2000 Held signing ceremony for the establishment of a separate
corporation, integrating the chemical textile divisions of Samyang and SK
Chemical. |
Management
|
Job Description |
Title |
Name |
Nationality |
Date of Birth |
Education |
|
President & CEO |
Mr. |
You Bae-Keun |
Korean |
1959.10.14 |
|
|
Director |
Mr. |
Moon Sung-Hwan |
Korean |
1953.12.04 |
|
|
Director |
Mr. |
Lee Moon-Seok |
Korean |
1954.04.09 |
|
|
Outside Director / Auditor |
Mr. |
Lee Myung-Rae |
Korean |
1949.11.19 |
|
|
Outside Director / Auditor |
Mr. |
Kim Kyung-Won |
Korean |
1944.11.27 |
|
|
Outside Director / Auditor |
Mr. |
Sung Je-Hwan |
Korean |
1953.08.14 |
PH.D., of |
|
Supervisor of HQ Office |
Mr. |
Han Chan-Hyuck |
Korean |
1956.03.14 |
- |
Financials
|
Year / Unit : KRW |
Sales |
Assets |
Net Income |
|
1,053,145,740,777 |
708,133,521,905 |
52,058,743,945 |
|
|
2010 |
1,125,337,046,277 |
558,126,013,436 |
24,027,793,856 |
|
2009 |
952,464,339,603 |
558,259,933,928 |
3,574,128,424 |
|
2008 |
942,378,377,574 |
595,346,357,376 |
(-)26,919,275,941 |
|
2007 |
899,909,051,340 |
582,876,597,640 |
(-)40,888,565,109 |
|
2006 |
786,208,135,240 |
639,822,609,958 |
(-)117,004,930,591 |
|
2005 |
876,813,565,920 |
743,430,513,560 |
(-)24,231,603,083 |
|
2004 |
1,074,203,592,682 |
795,724,879,151 |
(-)33,536,243,989 |
|
2003 |
981,061,545,872 |
794,191,963,887 |
2,709,914,079 |
(*)09/2011 ‘s figures are based on the K-IFRS Accounting System.
Financial Description
|
Authorized Capital(KRW) |
400,000,000,000 |
|
Paid-Up Capital(KRW) |
146,250,000,000 |
|
Total Issues Shares |
29,250,000 |
Balance
Sheet
|
|||
|
Unit : Korean Won |
01/01/2011~09/30/2011 |
As of 12/31/2010 |
As of 12/31/2009 |
|
Total
Assets |
708,133,521,905 |
616,500,646,481 |
|
|
Current Assets |
387,868,850,601 |
316,128,387,737 |
|
|
Cash
& Cash Equivalents |
17,557,231,669 |
25,460,007,689 |
|
|
Current
Financial Instruments |
5,000,000,000 |
- |
|
|
Trade
Receivables & Other Receivables |
228,955,430,084 |
176,588,798,613 |
|
|
Derivatives |
- |
1,106,683 |
|
|
Inventories |
133,055,129,164 |
110,893,123,787 |
|
|
Deferred
Income Tax Assets |
26,778,752 |
41,519,135 |
|
|
Other
Current Assets |
3,274,280,932 |
3,143,831,830 |
|
|
Non-Current Assets |
320,264,671,304 |
300,372,258,744 |
|
|
Tangibles |
284,654,834,493 |
274,124,491,867 |
|
|
Intangibles |
5,513,976,238 |
5,675,407,321 |
|
|
Investment_Related
Companies |
12,274,203,958 |
12,274,203,958 |
|
|
Other
Non-Current Assets |
3,335,507,014 |
2,889,601,391 |
|
|
Other
Financial Assets |
4,405,062,683 |
4,156,604,814 |
|
|
Deferred
Income Tax Assets |
10,081,086,918 |
1,251,949,393 |
|
|
Total Liabilities |
485,542,423,873 |
444,437,506,034 |
|
|
Current Liabilities |
460,082,713,849 |
412,598,154,642 |
|
|
Trade
Payables & Other Payables |
319,284,307,860 |
255,088,423,805 |
|
|
Short-Term
Borrowings |
95,209,323,460 |
131,276,314,063 |
|
|
Current
Portion of Debentures |
29,885,826,220 |
19,686,761,754 |
|
|
Current
Portion of Long-Term Debts |
- |
361,550,000 |
|
|
Derivatives |
691,586,566 |
- |
|
|
Other
Financial Liabilities |
3,426,698,880 |
2,968,123,147 |
|
|
Current
Portion of Provisions |
8,697,273,159 |
- |
|
|
Other
Current Liabilities |
2,887,697,704 |
3,216,981,873 |
|
|
Non-Current Liabilities |
25,459,710,024 |
31,839,351,392 |
|
|
Debentures |
- |
9,874,564,470 |
|
|
Long-Term
Borrowings |
264,000,000 |
264,000,000 |
|
|
Other
Non-Current Financial Debts |
400,800,000 |
400,800,000 |
|
|
Provision
for Severance & Retirement |
22,733,988,002 |
19,177,384,202 |
|
|
Other
Non-Current Liabilities |
2,060,922,022 |
2,122,602,720 |
|
|
Capital Stock |
143,750,000,000 |
143,750,000,000 |
|
|
Profit
Surplus |
78,841,098,032 |
28,313,140,447 |
|
|
Total
Equity |
222,591,098,032 |
172,063,140,447 |
|
|
Liab.
& Shareholder’s Equity |
708,133,521,905 |
616,500,646,481 |
|
|
Balance Sheet |
|||
|
Unit : Korean Won |
As of 12/31/2010 |
As of 12/31/2009 |
As of 12/31/2008 |
|
Total Assets |
558,126,013,436 |
558,259,933,928 |
595,346,357,376 |
|
Current Assets |
243,911,058,858 |
205,671,142,706 |
206,069,405,178 |
|
-Quick Assets |
136,646,249,501 |
122,380,302,664 |
110,738,444,101 |
|
-Inventories |
107,264,809,357 |
83,290,840,042 |
95,330,961,077 |
|
Fixed Assets |
314,214,954,578 |
352,588,791,222 |
389,276,952,198 |
|
-Investment |
23,690,475,808 |
16,495,539,746 |
17,462,745,456 |
|
-Tangibles |
274,124,491,867 |
314,260,965,447 |
338,934,500,244 |
|
-Intangibles |
481,083,153 |
620,851,883 |
689,749,305 |
|
-Others |
15,918,903,750 |
21,211,434,146 |
32,189,957,193 |
|
Total Liabilities |
372,733,121,791 |
397,100,297,342 |
426,631,941,200 |
|
Current Liabilities |
34,168,911,453 |
51,492,713,363 |
41,921,306,745 |
|
Fixed Liabilities |
143,750,000,000 |
143,750,000,000 |
143,750,000,000 |
|
Capital Stock |
- |
- |
176,032,326,000 |
|
Capital Surplus |
4,929,356,263 |
-19,098,437,593 |
-198,704,892,017 |
|
Profit Surplus |
36,713,535,382 |
36,508,074,179 |
47,636,982,193 |
|
Capital Adjustment |
185,392,891,645 |
161,159,636,586 |
168,714,416,176 |
|
Total Equity |
558,126,013,436 |
558,259,933,928 |
595,346,357,376 |
|
Liab. & Shareholder’s Equity |
558,126,013,436 |
558,259,933,928 |
595,346,357,376 |
|
Current
Liabilities |
338,564,210,338 |
345,607,583,979 |
384,710,634,455 |
|
Trade Payables |
227,363,057,498 |
214,303,581,213 |
177,204,727,100 |
|
Short-Term Borrowings |
63,570,000,000 |
105,170,000,000 |
137,500,000,000 |
|
Account Payables |
15,466,201,945 |
14,602,887,891 |
11,582,330,508 |
|
Advance Receipts |
2,106,691,345 |
3,055,347,999 |
604,999,564 |
|
Withholdings |
631,621,270 |
504,555,529 |
575,075,688 |
|
Accrued Expenses |
6,392,415,241 |
4,009,181,593 |
3,649,370,955 |
|
Derivatives |
- |
- |
6,287,112 |
|
Guarantee Deposit Withhold |
2,985,911,285 |
2,113,429,754 |
1,801,789,733 |
|
Current Portion of Debentures |
20,000,000,000 |
- |
50,000,000,000 |
|
Current Portion of Long-Term Borrowings |
361,550,000 |
1,848,600,000 |
1,848,600,000 |
|
Fixed
Liabilities |
34,168,911,453 |
51,492,713,363 |
41,921,306,745 |
|
Debentures |
10,000,000,000 |
30,000,000,000 |
20,000,000,000 |
|
Long-Term Borrowings |
264,000,000 |
361,550,000 |
2,210,150,000 |
|
Long-Term Account Payables |
400,800,000 |
440,800,000 |
557,660,000 |
|
Provision for Severance & Retirement |
27,638,904,000 |
25,384,704,000 |
23,853,513,000 |
Income
Statement
|
|||
|
Unit : Korean Won |
01/01/2011~09/30/2011 |
As of 12/31/2010 |
As of 12/31/2009 |
|
Sales |
1,053,145,740,777 |
|
|
|
Cost
of Sold Goods |
947,433,832,749 |
|
|
|
Gross
Profit |
105,711,908,028 |
|
|
|
Selling
& Admin. Expenses |
57,571,983,296 |
|
|
|
Other
Operating Income |
22,413,007,236 |
|
|
|
Other
Operating Expenses |
19,814,894,423 |
|
|
|
Operating
Income |
50,738,037,545 |
|
|
|
Finance
Income |
1,701,862,009 |
|
|
|
Finance
Expenses |
8,778,532,876 |
|
|
|
Income
Before Taxes |
43,661,366,678 |
|
|
|
Income
Taxes Expenses |
-8,397,377,267 |
|
|
|
Net
Income |
52,058,743,945 |
|
|
|
Income Statement |
|||
|
Unit : Korean Won |
As of 12/31/2010 |
As of 12/31/2009 |
As of 12/31/2008 |
|
Sales |
1,125,337,046,277 |
952,464,339,603 |
942,378,377,574 |
|
Cost of Sold Goods |
992,886,622,080 |
865,423,609,911 |
865,977,873,289 |
|
Gross Profit |
132,450,424,197 |
87,040,729,692 |
76,400,504,285 |
|
Selling & Admin. Expenses |
90,932,365,053 |
64,788,644,975 |
73,781,839,566 |
|
Operating Income |
41,518,059,144 |
22,252,084,717 |
2,618,664,719 |
|
Non-Operating Income |
34,172,335,098 |
28,199,768,728 |
42,647,890,677 |
|
Non-Operating Expenses |
47,589,104,440 |
45,876,477,840 |
73,489,607,032 |
|
Income Before Taxes |
28,101,289,802 |
4,575,375,605 |
-28,223,051,636 |
|
Income Taxes Expenses |
4,073,495,946 |
1,001,247,181 |
-1,303,775,695 |
|
Net Income |
24,027,793,856 |
3,574,128,424 |
-26,919,275,941 |
Cash
Flows
|
|||
|
Unit : Korean Won |
01/01/2011~09/30/2011 |
As of 12/31/2010 |
As of 12/31/2009 |
|
Operating Activities Cash Flows |
63,885,315,584 |
|
|
|
Cash
Flows from Operating |
69,860,537,513 |
|
|
|
Net
Income |
52,058,743,945 |
|
|
|
Interests
Received |
925,589,241 |
|
|
|
Interests
Paid |
-6,900,811,170 |
|
|
|
Income
Taxes |
- |
|
|
|
Cash Flows from Investing |
-35,359,551,001 |
|
|
|
Cash Inflow from Investing |
1,223,502,472 |
|
|
|
Cash Outflows for Investing |
-36,583,053,473 |
|
|
|
Cash Flows from Financing |
-36,428,540,603 |
|
|
|
Cash Inflows from Financing |
- |
|
|
|
Cash Outflows from Financing |
-36,428,540,603 |
|
|
|
Increase/Decrease in Cash |
-7,902,776,020 |
|
|
|
Cash at the Beginning of Year |
25,460,007,689 |
|
|
|
Cash at the End of Year |
17,557,231,669 |
|
|
|
Cash Flows |
|||
|
Unit : Korean Won |
As of 12/31/2010 |
As of 12/31/2009 |
As of 12/31/2008 |
|
Cash Flows from Operating |
71,636,118,472 |
95,371,849,567 |
-18,787,445,841 |
|
-Net Income |
24,027,793,856 |
3,574,128,424 |
-26,919,275,941 |
|
-Exp. without Cash Outflow |
67,345,324,182 |
50,513,749,979 |
60,560,534,982 |
|
-Revenue without Cash Inflows |
-11,517,519,233 |
-3,520,709,755 |
-8,000,537,820 |
|
-Changes in Asset/ & Liability |
-8,219,480,333 |
44,804,680,919 |
-44,428,167,062 |
|
Cash Flows from Investing |
-34,192,958,842 |
-19,197,613,837 |
-3,475,918,366 |
|
-Cash Inflow from Investing |
10,070,957,326 |
6,729,195,974 |
12,867,023,415 |
|
-Cash Outflows for Investing |
-44,263,916,168 |
-25,926,809,811 |
-16,342,941,781 |
|
Cash Flows from Financing |
-40,014,308,403 |
-72,419,579,064 |
22,676,788,927 |
|
-Cash Inflows from Financing |
697,092,598,058 |
1,387,013,880,915 |
2,624,700,574,127 |
|
-Cash Outflows from Financing |
-737,106,906,461 |
-1,459,433,459,979 |
-2,602,023,785,200 |
|
Increase/Decrease in Cash |
-2,571,148,773 |
3,754,656,666 |
413,424,720 |
|
Cash at the Beginning of Year |
4,311,112,161 |
556,455,495 |
143,030,775 |
|
Cash at the End of Year |
1,739,963,388 |
4,311,112,161 |
556,455,495 |
Products, Technologies, Services Description
|
Main Products & Services |
PSF, Polyester Staple Fiber PFY, Polyester Filament Yarn |
|
Detailed Products Spec. |
Polyester Filament Yarn - Wool: MARKY-1,2, MOXIE, RENOVA-1,2,7,
RENOVA-6, CENO, CEY - Silk: JUNE-1,2, MONO, PRY - Linen: CELESTO, LINACEO-1,2,3, New
LINACEO - Microfiber1: ISOL-1,2, ISOL-S, ISOL-C,
ISOL-E, ISOL-K - Microfiber2: NCD, FPN, PN - For Pile & Fleece: GENTOS, PUD/PUB,
SDF, WINPOL - Stretch: SSY (FISTO), PWPY, ESSE (FISE) - Performance: ESPOL, ESPOL-stretch,
ESPOL-cool, MIRAWAVE-cool Coolever - Quick absorbing - Moisture management - Easy to care - Soft touch Mirawave (Multifunctional yarn for health and comfort) - Anti-bacterial - Far-infrared radiation / Heat retention -
UV-protection - Special Use: LOMELA (LOM-C), NOSPA, WSP Polyester Staple Fiber - Spinning: FRE-ZEROXY, POPOP, ABF,
MICRO-FIBER, APF, Dope-Dyed, ZEROXY, MIRAWAVE, TRIROBAL, PHF - Stuffing/Padding: Conjugate - Wadding: LMF - Non Woven: ZEROXY, HPF, Napoly, FLOFA,
NyLON-PRIME, RAYPOL, MICRO-SPLIT, HCT/HSFC, HSF - Industrial - Hygiene/Health: O-LMF Chip - Textile: SD, SB - Bottle: BL, BB |
Trade Partners & Competitors
|
Suppliers |
SAMNAM PETROCHEMICAL CO., LTD.(110111-0557061) SK PETROCHEMICAL CO., LTD.(135811-0120906) SAMSUNG PETROCHEMICAL CO., LTD.(181211-0000435) SABIC |
|
Customers |
SK CHEMICALS CO., LTD.(130111-0005727) SAM YANG SA CO., LTD.(140111-0003032) |
|
Competitors |
WOONGJIN CHEMICAL CO., LTD.(174811-0000151) HYOSUNG CORPORATION(110111-0030497) TK CHEMICAL CORPORATION(110111-3783457) JIANGYIN SANFANGXIANG RELIANCE INDUSTRIES YIZHENG HUVIS YUANDONG FAR EASTERN TUNTEX WELLMAN |
Related Parties
(Subsidiaries, Joint-Venture & Affiliates)
|
Affiliates |
SICHUAN
HUVIS CO., LTD. (95.0% held
by the subject company) XINMIN
GUARD, DAAN DISTRICT, TEL:+86-813-8000 GUANGZHOU
HUVIS YOUNGSUNG FIBER CO., LTD.( (30.0% held
by the subject company) RM.2105, TEL:+86-20-3887-2510 |
|
Overseas Office |
SICHUAN
HUVIS CO., LTD. (95.0% held
by the subject company) XINMIN
GUARD, DAAN DISTRICT, TEL:+86-813-8000 CHEONGDU
OFFICE B-2, 1601, TEL:+86-28-8526-6067 GUANGZHOU
HUVIS YOUNGSUNG FIBER CO., LTD.( (30.0% held
by the subject company) RM.2105, TEL:+86-20-3887-2510 SHANGHAI
OFFICE RM.2003, TEL:+86-21-5204-4588 |
|
Corporate Ownership |
SAMYANG HOLDINGS CORPORATION(110111-0026181) SK SYNTEC CO., LTD.(131411-0232597) |
Sales by Region
(Activity & Markets)
|
Sales/ Unit :Mil KRW |
09/2011 |
2010 |
2009 |
|
Export |
798,739 |
872,949 |
733,331 |
|
Domestic |
254,407 |
252,388 |
219,133 |
|
Total |
1,053,146 |
1,125,337 |
952,464 |
The Subject exports
to
Court Action
|
Case No. |
Court |
Plaintiff(s)/
Creditor(s)/ Applicant(s) |
Defendant(s)/
Debtor(s)/ Respondent(s) |
Cause |
Amount (KRW) |
Status |
|
|
|
|
The Subject Company |
|
435,481,700 |
Proceeding |
|
|
|
The Subject Company |
|
|
71,500,000 |
Proceeding |
News Clipping
--
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.55.07 |
|
|
1 |
Rs.89.54 |
|
Euro |
1 |
Rs.72.77 |
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.