|
Report Date : |
15.02.2012 |
IDENTIFICATION DETAILS
|
Name : |
KOREA ZINC COMPANY, LTD. |
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|
|
|
Registered Office : |
14th Fl., Youngpoong Bldg. 142, Nonhyeon 1-dong, Gangnam-gu, Seoul,
Korea 135-749 |
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|
|
|
Country : |
South Korea |
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|
|
|
Financials (as on) : |
30.09.2011 |
|
|
|
|
Date of Incorporation : |
01.08.1974 |
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Com. Reg. No.: |
211-81-11260 |
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|
|
|
Legal Form : |
Listed Company |
|
|
|
|
Line of Business : |
Manufacture of Smelting, Refining and Alloys of Lead, Zinc and Tin |
|
|
|
|
No. of Employees : |
1,018 |
RATING & COMMENTS
|
MIRAs Rating : |
A |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
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 |
|
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) |
|
South Korea |
A1 |
A1 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
|
Moderate |
B1 |
|
High |
B2 |
|
Very High |
C1 |
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Restricted |
C2 |
|
Off-credit |
D |
|
Company
Name |
KOREA ZINC COMPANY, LTD. (Korean Company Name : 고려아연(주)) |
|
Registered Address |
142, Nonhyeon 1-dong, Gangnam-gu, Seoul,
Korea |
|
Building |
14th Fl., Youngpoong Bldg. |
|
Zip Code |
135-749 |
|
Tel |
+82-2-519-3465 |
|
Fax |
+82-2-549-8245 |
|
E-mail |
hpyoo@koreazinc.co.kr;ronlee@koreazinc.co.kr |
|
Website |
www.koreazinc.co.kr |
|
Trading Address |
14th Fl., Youngpoong Bldg., 142, Nonhyeon
1-dong, Gangnam-gu, Seoul, Korea |
|
Tel |
+82-2-519-3465 |
|
Fax |
+82-2-549-8245 |
|
Other Address-Onsan Factory |
505, Daejeong-ri, Onsan-eup, Ulju-gun,
Ulsan, Korea |
|
Tel |
+82-52-231-6021 |
|
Fax |
+82-52-239-0131 |
|
Type |
Export/Import |
|
Industry |
Manufacture of Smelting, Refining and Alloys of Lead, Zinc and Tin |
|
Main Business |
Zinc Ingots, Lead Ingots, Electronic Sulfuric Acid, Sodium Sulfate
Anhydride |
|
Sub
Business |
|
|
Established (mm/dd/yyyy) |
08/01/1974 |
The Subject owns
the premises of Onsan Factory.
|
Activity |
Detailed Products (UNSPSC) |
|
Sell |
Bar(30101600) |
|
Sell |
Ingots(30103400) |
|
Sell |
Zinc Zn(12141750) |
|
Sell |
Lead(11101714) |
|
Sell |
Inorganic compounds(12352300) |
|
Sell |
Precious metal ingots(30103410) |
|
Sell |
Zinc ingots(30103404) |
|
Sell |
Inorganic acids(12352301) |
|
Sell |
Non ferrous alloy(11101711) |
|
Sell |
Copper ingots(30103408) |
|
Sell |
Magnesium hydroxide(51171503) |
|
Name |
Choi Chang-Keun |
|
Date of Birth |
12/14/1947 |
|
Title |
Chairman & CEO |
|
Sex |
Male |
|
Nationality |
Korean |
|
Capital (KRW) |
94,350,000,000 |
||||||||||||||||||||||||||||||
|
Employees |
1,018 |
||||||||||||||||||||||||||||||
|
Formation |
Listed Company (Korea Stock Exchange : 010130) as of 07/28/1990 A Company of YOUNG POONG GROUP |
||||||||||||||||||||||||||||||
|
Bank Details |
Shinhan Bank-Sales 2 Team |
||||||||||||||||||||||||||||||
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Corporate Registered No. |
110111-0168404 |
||||||||||||||||||||||||||||||
|
Business Registered No. |
211-81-11260 |
||||||||||||||||||||||||||||||
|
Permit & Licenses |
09/2000 KT Mark 06/29/2001 ISO 9001 by LRQA 10/2002 KS Mark 12/18/2004 ISO 14001 by LRQA Intl Trade No.: 807117 |
||||||||||||||||||||||||||||||
|
Shareholder Position |
|
||||||||||||||||||||||||||||||
|
Company History |
08/01/1974 Incorporated as the present name 11/2000 Awarded US$ 700 Million Export Top
Prize 11/2005 Awarded US$ 800 Million Export Top
Prize 12/2006 Awarded US$ 1 Billion Export Top
Prize |
||||||||||||||||||||||||||||||
|
|
|
|
Job Description |
Title |
Name |
Nationality |
Date of Birth |
Education |
|
Honored Chairman |
Mr. |
Choi Chang-Gerl |
Korean |
1941.11.11 |
Seoul National University, Korea |
|
Chairman & CEO |
Mr. |
Choi Chang-Keun |
Korean |
1947.12.14 |
Seoul National University, Korea |
|
President & CEO |
Mr. |
Lee Eui-Ryoong |
Korean |
1946.04.10 |
Seoul National University, Korea |
|
Outside Director |
Mr. |
Lee Kyu-Yong |
Korean |
1955.12.23 |
Seoul National University, Korea |
|
Outside Director/Auditor |
Mr. |
Kim Jong-Keun |
Korean |
1941.03.15 |
Kyunghee University, Korea |
|
Outside Director |
Mr. |
Kim Byung-Bae |
Korean |
1952.02.10 |
Yonsei University, Korea |
|
Outside Director |
Mr. |
Song Jung-Ho |
Korean |
1942.07.16 |
Korea University, Korea |
|
Outside Director/Auditor |
Mr. |
Park Cheong-Boo |
Korean |
1942.02.01 |
Seoul National University, Korea |
|
Year / Unit : KRW |
Sales |
Assets |
Net Income |
|
(*)2011 |
4,857,562,193,000 |
3,901,068,008,000 |
676,786,476,000 |
|
(*)09/2011 |
3,723,581,180,441 |
3,786,471,978,959 |
508,649,569,964 |
|
2010 |
3,129,065,096,834 |
3,333,765,315,790 |
490,818,803,994 |
|
2009 |
2,575,311,864,940 |
2,671,653,719,015 |
413,690,953,859 |
|
2008 |
2,454,242,871,512 |
2,167,467,193,130 |
282,718,611,985 |
|
2007 |
2,570,809,730,725 |
2,479,845,028,282 |
421,705,786,790 |
|
2006 |
2,152,517,964,568 |
1,899,289,540,834 |
424,549,864,948 |
|
2005 |
1,375,888,685,686 |
1,429,069,049,801 |
70,965,816,805 |
(*)09/2011 s figures are based on the K-IFRS Accounting System.
(*) The financials
(2011) are released by the subject company as tentative figures as of 02/09/2012.
It can be changeable by the Auditors confirmation.
|
Authorized Capital(KRW) |
230,000,000,000 |
|
Paid-Up Capital(KRW) |
94,350,000,000 |
|
Total Issues Shares |
18,870,000 |
|
Unit :
Korean Won |
01/01/2011~09/30/2011 |
As of 12/31/2010 |
As of 12/31/2009 |
|
Total
Assets |
3,786,471,978,959 |
3,354,926,539,358 |
|
|
Current Assets |
1,885,814,108,040 |
1,585,747,227,495 |
|
|
Cash
& Cash Equivalents |
228,459,046,751 |
151,505,104,912 |
|
|
Current
Financial Instruments |
10,152,018,183 |
11,200,018,183 |
|
|
Trade
Receivables & Other Receivables |
343,019,381,645 |
166,007,043,149 |
|
|
Short-Term Investment Assets |
440,954,521,852 |
462,986,755,923 |
|
|
Derivatives |
309,626,102 |
3,480,254,169 |
|
|
Other
Current Assets |
3,127,300,252 |
2,878,477,696 |
|
|
Inventories |
859,792,213,255 |
787,689,573,463 |
|
|
Non-Current Assets |
1,900,657,870,919 |
1,769,179,311,863 |
|
|
Non-Current
Financial Instruments |
414,000,000 |
414,000,000 |
|
|
Long-Term
Trade Receivables & Other Receivables |
29,096,702,957 |
656,075,910 |
|
|
Long-Term Investment Assets |
138,499,616,621 |
150,965,056,505 |
|
|
Tangibles |
1,093,263,173,468 |
993,500,688,777 |
|
|
Investment_Real
Estates |
11,728,337,951 |
12,051,902,180 |
|
|
Intangibles |
10,843,806,391 |
10,838,696,391 |
|
|
Investment_Related
Companies |
48,242,480,991 |
44,137,191,711 |
|
|
Investment_Subsidiaries |
568,569,752,540 |
556,615,700,389 |
|
|
Total Liabilities |
659,101,863,042 |
686,487,794,528 |
|
|
Current Liabilities |
420,035,619,580 |
465,639,257,700 |
|
|
Trade
Payables & Other Payables |
196,966,245,112 |
212,888,048,890 |
|
|
Short-Term
Borrowings |
107,154,173,968 |
148,961,150,326 |
|
|
Current
Portion of Long-Term Borrowings |
11,571,086,180 |
9,398,718,354 |
|
|
Deferred
Income Tax Credit |
96,340,900,071 |
85,948,367,350 |
|
|
Derivatives |
6,040,457,894 |
5,662,298,860 |
|
|
Other
Current Liabilities |
1,962,756,355 |
2,780,673,920 |
|
|
Non-Current Liabilities |
239,066,243,462 |
220,848,536,828 |
|
|
Long-Term
Borrowings |
53,977,763,085 |
57,741,009,652 |
|
|
Debentures |
117,618,441,327 |
113,446,417,173 |
|
|
Confirmed
Salaries |
23,354,469,890 |
18,638,339,377 |
|
|
Deferred
Income Tax Credit |
44,115,569,160 |
31,022,770,626 |
|
|
Capital Stock |
94,350,000,000 |
94,350,000,000 |
|
|
Capital
Surplus |
54,599,469,714 |
54,599,469,714 |
|
|
Capital Adjustment |
-38,478,851,840 |
-38,478,851,840 |
|
|
Others |
-1,776,553,107 |
3,756,045,770 |
|
|
Profit
Surplus |
3,018,676,051,150 |
2,554,212,081,186 |
|
|
Total
Equity |
3,127,370,115,917 |
2,668,438,744,830 |
|
|
Liab.
& Shareholders Equity |
3,786,471,978,959 |
3,354,926,539,358 |
|
|
Unit : Korean Won |
As of 12/31/2010 |
As of 12/31/2009 |
As of 12/31/2008 |
|
Total Assets |
3,333,765,315,790 |
2,671,653,719,015 |
2,167,467,193,130 |
|
Current Assets |
1,564,251,781,045 |
1,275,857,589,237 |
1,009,751,121,167 |
|
-Quick Assets |
776,562,207,582 |
554,307,482,633 |
696,114,387,162 |
|
-Inventories |
787,689,573,463 |
721,550,106,604 |
313,636,734,005 |
|
Fixed Assets |
1,769,513,534,745 |
1,395,796,129,778 |
1,157,716,071,963 |
|
-Investment |
840,354,114,625 |
627,873,601,065 |
517,372,675,720 |
|
-Tangibles |
917,664,647,819 |
757,257,736,578 |
631,077,537,410 |
|
-Intangibles |
4,000 |
4,000 |
656,248,347 |
|
-Others |
11,494,768,301 |
10,664,788,135 |
8,609,610,486 |
|
Total Liabilities |
679,421,985,811 |
497,727,945,411 |
377,182,608,929 |
|
Current Liabilities |
444,993,897,896 |
393,176,996,741 |
279,305,044,707 |
|
Fixed Liabilities |
234,428,087,915 |
104,550,948,670 |
97,877,564,222 |
|
Capital Stock |
94,350,000,000 |
94,350,000,000 |
94,350,000,000 |
|
Capital Surplus |
297,107,469,284 |
295,618,141,262 |
295,618,141,262 |
|
Profit Surplus |
2,268,320,408,246 |
1,816,384,932,252 |
1,438,042,458,393 |
|
Capital Adjustment |
-5,434,547,551 |
-32,427,299,910 |
-37,726,015,454 |
|
Total Equity |
2,654,343,329,979 |
2,173,925,773,604 |
1,790,284,584,201 |
|
Liab. & Shareholders Equity |
3,333,765,315,790 |
2,671,653,719,015 |
2,167,467,193,130 |
|
Unit : Korean Won |
01/01/2011~09/30/2011 |
As of 12/31/2010 |
As of 12/31/2009 |
|
Sales |
3,723,581,180,441 |
|
|
|
Cost of Sold Goods |
3,019,759,554,060 |
|
|
|
Gross Profit |
703,821,626,381 |
|
|
|
Selling & Admin. Expenses |
45,198,500,479 |
|
|
|
Other Operating Income |
44,603,344,609 |
|
|
|
Other Operating Expenses |
-34,357,960,940 |
|
|
|
Operating Income |
668,868,509,571 |
|
|
|
Finance Income |
41,893,572,643 |
|
|
|
Finance Expenses |
-44,655,446,258 |
|
|
|
Income Before Taxes |
666,106,635,956 |
|
|
|
Income Taxes Expenses |
157,457,065,992 |
|
|
|
Net Income |
508,649,569,964 |
|
|
|
Unit : Korean Won |
As of 12/31/2010 |
As of 12/31/2009 |
As of 12/31/2008 |
|
Sales |
3,129,065,096,834 |
2,575,311,864,940 |
2,454,242,871,512 |
|
Cost of Sold Goods |
2,568,126,447,972 |
2,137,645,076,134 |
1,904,083,572,930 |
|
Gross Profit |
560,938,648,862 |
437,666,788,806 |
550,159,298,582 |
|
Selling & Admin. Expenses |
56,582,891,253 |
51,815,528,251 |
57,444,151,319 |
|
Operating Income |
504,355,757,609 |
385,851,260,555 |
492,715,147,263 |
|
Non-Operating Income |
183,719,140,527 |
196,141,710,123 |
258,890,227,840 |
|
Non-Operating Expenses |
72,767,511,567 |
71,565,312,608 |
386,558,962,383 |
|
Income Before Taxes |
615,307,386,569 |
510,427,658,070 |
365,046,412,720 |
|
Income Taxes Expenses |
124,488,582,575 |
96,736,704,211 |
82,327,800,735 |
|
Net Income |
490,818,803,994 |
413,690,953,859 |
282,718,611,985 |
|
Unit : Korean Won |
01/01/2011~09/30/2011 |
As of 12/31/2010 |
As of 12/31/2009 |
|
Operating
Activities Cash Flows |
351,158,354,697 |
|
|
|
Cash Flows from Operating |
472,589,796,953 |
|
|
|
Net Income |
508,649,569,964 |
|
|
|
Adjustment |
230,564,157,450 |
|
|
|
Changes
in Asset/ & Liability |
-266,623,930,461 |
|
|
|
Interests Received |
13,979,289,770 |
|
|
|
Interests Paid |
-5,239,815,308 |
|
|
|
Dividends Received |
2,289,746,450 |
|
|
|
Income Taxes |
-132,460,663,168 |
|
|
|
Cash Flows from Investing |
-177,292,909,351 |
|
|
|
Cash Flows from Financing |
-97,025,927,025 |
|
|
|
Increase/Decrease in Cash |
76,839,518,321 |
|
|
|
Cash at the Beginning of Year |
151,505,104,912 |
|
|
|
Cash at the End of Year |
228,459,046,751 |
|
|
|
Unit : Korean
Won |
As of 12/31/2010 |
As of 12/31/2009 |
As of 12/31/2008 |
|
Cash Flows
from Operating |
543,899,157,010 |
173,922,456,867 |
573,889,228,419 |
|
-Net Income |
490,818,803,994 |
413,690,953,859 |
282,718,611,985 |
|
-Exp.
without Cash Outflow |
175,887,206,571 |
134,446,909,561 |
296,687,616,356 |
|
-Revenue
without Cash Inflows |
-91,506,878,643 |
-91,884,526,247 |
-45,929,834,277 |
|
-Changes in
Asset/ & Liability |
-31,299,974,912 |
-282,330,880,306 |
40,412,834,355 |
|
Cash Flows
from Investing |
-567,277,025,456 |
-272,745,009,680 |
48,371,195,769 |
|
-Cash Inflow
from Investing |
685,357,392,556 |
507,373,505,891 |
1,238,832,062,945 |
|
-Cash
Outflows for Investing |
-1,252,634,418,012 |
-780,118,515,571 |
-1,190,460,867,176 |
|
Cash Flows from
Financing |
81,267,978,611 |
-49,908,650,162 |
-489,628,101,466 |
|
-Cash
Inflows from Financing |
356,186,873,001 |
141,756,081,841 |
749,261,602,622 |
|
-Cash
Outflows from Financing |
-274,918,894,390 |
-191,664,732,003 |
-1,238,889,704,088 |
|
Increase/Decrease
in Cash |
57,890,110,165 |
-148,731,202,975 |
132,632,322,722 |
|
Cash at the
Beginning of Year |
93,614,994,747 |
242,346,197,722 |
109,713,875,000 |
|
Cash at the
End of Year |
151,505,104,912 |
93,614,994,747 |
242,346,197,722 |
|
Main Products & Services |
Zinc Ingots, Lead Ingots, Electronic Sulfuric Acid, Sodium Sulfate
Anhydride |
||||||||||||||||||||||||
|
Performed Production (Unit : MT) |
|
||||||||||||||||||||||||
|
Technologies Acquired |
|
|
Suppliers |
TRAFIGURA, GLENCORE, LOUIS DREYFUS BHP BILLITON, GLENCORE SUMMIT |
|
Customers |
STANDARD BANK PLC(JAPAN) SOJITZ CORPORATION(JAPAN) MITSUBISHI CORPORATION(JAPAN) SUMITOMO CORPORATION(JAPAN) |
|
Competitors |
POONG JEON NONFERROUS METAL CO., LTD. 8B-4L, 680-3, GYEONGSEO-DONG, SEO-GU,
INCHEON, KOREA TEL:+82-32-561-9111 FAX:+82-32-561-9118 SANGSHIN METALLIC CO., LTD. 4MA-402-2, SIHWA INDUSTRIAL COMPLEX, 701-3,
SEONGGOK-DONG, DANWON-GU, ANSAN-SI, GYEONGGI-DO, KOREA TEL:+82-31-499-4011 FAX:+82-31-499-4016 PJ ALTEK CO., LTD. 1B-4L, INCHEON WEST INDUSTRIAL COMPLEX,
682-3, GYEONGSEO-DONG, SEO-GU, INCHEON, KOREA TEL:+82-32-561-0787 FAX:+82-32-561-0789 |
(Subsidiaries, Joint-Venture & Affiliates)
|
Affiliates-Domestic |
YOUNG POONG CORPORATION(110111-0003824) KOREA ZINC INC.(110111-0168404) KOREA CIRCUIT CO., LTD.(130111-0026749) INTERFLEX CO., LTD.(135011-0042924) YOUNG POONG ELECTRONICS CO.,
LTD.(135011-0032106) YOUNG POONG BOOK STORE CO.,
LTD.(110111-0855530) SIGNETICS CORP.(110111-0070815) KG INTERNATIONAL
CORPORATION(110111-4252807) YOUNGPOONG CORPORATION(110111-0003824) YOUNG POONG PRECISION
CORPORATION(110111-0342496) SEWON TEXTILE CO., LTD.(110111-0318760) TERRANIX CO., LTD.(135011-0042950) YOUNG POONG DEVELOPMENT CO.,
LTD.(110111-0612914) YOOMI DEVELOPMENT CO., LTD.(110111-0235542) SORIN INVESTMENT DEVELOPMENT
CORPORATION(110111-0074544) XMETECH CO., LTD.(131111-0238400) STI CORP.(115611-0019652) KOREA NICKEL CORP.(110111-0529482) (19.00% held by the subject company) SORIN I & T CO., LTD.(110111-1260077) (33.34% held by the subject company) KG GREENTECH CO.,LTD.(230111-0164077) (60.00% held by the subject company) CLEAN KOREA CO., LTD.(134711-0004996) (100.0% held by the subject company) SORIN CORPORATION(110111-0365068) (50.67% held by the subject company) KORYO HEAVY EQUIPMENT CO.,
LTD.(181211-0020558) (100.0% held by the subject company) KG ENGINEERING CO., LTD.(110111-2102153) (90.00% held by the subject company) ALANTUM CORPORATION(131111-0215078) (35.98% held by the subject company) |
|
Affiliates-Overseas |
KZ - PRANDA CO., LTD.(THAILAND) (40.0% held by the subject company) KZ MINERALS BOLIVIA S.A.(BOLIVIA) (99.9% held by the subject company) KZ MINERALS HOLDINGS PTE.LTD.(SINGAPORE) (100.0% held by the subject company) MINOCQUA METALS CORP.(AUSTRALIA) (50.0% held by the subject company) PAN PACIFIC METAL MINING CORP.(CANADA) (100.0% held by the subject company) COLWELL KENNEDY AUSTRALIA PTY.,
LTD.(AUSTRALIA) (100.0% held by the subject company) SUN METALS HOLDING PTY., LTD.(AUSTRALIA) (100.0% held by the subject company) YP JAPAN CORP.(JAPAN) CHINA CIRCUIT(TIANJIN) CO., LTD.(CHINA) SUN METALS CORP., PTY., LTD.(AUSTRALIA) ALANTUM EUROPE GMBH(GERMANY) IATM(DALIAN) CO., LTD.(CHINA) IATM(SHENYANG) CO., LTD.(CHINA) |
|
Subsidiary |
SORIN CORPORATION(110111-0365068) (50.67% held by the subject company) CLEAN KOREA CO., LTD.(134711-0004996) (100.0% held by the subject company) KORYO HEAVY EQUIPMENT CO.,
LTD.(181211-0020558) (100.0% held by the subject company) SORIN I & T CO., LTD.(110111-1260077) (33.34% held by the subject company) KG ENGINEERING CO., LTD.(110111-2102153) (90.00% held by the subject company) ALANTUM CORPORATION(131111-0215078) (35.98% held by the subject company) PAN PACIFIC METAL MINING CORP.(CANADA) (100.0% held by the subject company) COLWELL KENNEDY AUSTRALIA PTY.,
LTD.(AUSTRALIA) (100.0% held by the subject company) SUN METALS HOLDING PTY., LTD.(AUSTRALIA) (100.0% held by the subject company) SUN METALS CORP., PTY., LTD.(AUSTRALIA) |
|
Cooperative Enterprise |
-Insured Company LIG INSURANCE CO., LTD.(110111-0017859) |
(Activity &
Markets)
|
Sales/ Unit : Million KRW |
09/2011 |
2010 |
2009 |
|
Export |
2,963,274 |
2,305,665 |
1,928,080 |
|
Domestic |
760,307 |
823,400 |
647,232 |
|
Total |
3,723,581 |
3,129,065 |
2,575,312 |
The Subject deals
with the companies in Australia.
No.
---
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.49.33 |
|
|
1 |
Rs.77.41 |
|
Euro |
1 |
Rs.64.84 |
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 SCs 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.