MIRA
INFORM REPORT
|
Report Date : |
21.01.2012 |
COMPANY NAME AND ADDRESS
QIAOJIAN
INDUSTRIAL TRADE & INVESTMENT ENTERPRISES CO., LTD.
8/F, QIAOJIAN GROUP TOWER, NO. 158 NANZHOU ROAD, HAIZHU DISTRICT,
GUANGZHOU CITY, GUANGDONG PROVINCE, 510288 PR CHINA
TEL: 86 (0) 20-84053500 FAX:
86 (0) 20-84052688
EXECUTIVE SUMMARY
INCORPORATION DATE : JULY 12, 1993
REGISTRATION NO. : 440101000165560
REGISTERED LEGAL FORM : LIMITED
LIABILITIES CO.
CHIEF EXECUTIVE : MR. ZONG YAOZU (CHAIRMAN)
STAFF STRENGTH : 20
REGISTERED CAPITAL :
CNY 100,000,000
BUSINESS LINE : TRADING
TURNOVER : CNY 2,152,814,000 (AS OF DEC. 31, 2010)
EQUITIES : CNY -163,724,000 (AS OF DEC. 31,
2010)
PAYMENT : AVERAGE
RECOMM. CREDIT RANGE : C.O.D.
MARKET CONDITION : AVERAGE
FINANCIAL CONDITION : FAIR
OPERATIONAL TREND :
DOWNWARD
GENERAL REPUTATION : AVERAGE
EXCHANGE RATE : CNY 6.33=USD 1
Adopted abbreviations
ANS - amount not stated NS
- not stated SC - subject company (the
company inquired by you)
NA - not available CNY
– China Yuan Ren Min Bi
SC was registered as a limited liabilities co. at local Administration for Industry &
Commerce (AIC-The official body of issuing and renewing business license) on
July 12, 1993.
Company Status: Limited Liabilities Co. This form of business in PR
China is defined as a legal person. No more than fifty shareholders
contribute its registered capital jointly. Shareholders bear limited
liability to the extent of shareholding, and the co. is liable for its
debts only to extent of its total assets. The characteristics of this form
of co. are as follows: Upon the establishment of the
co., an investment certificate is issued to the each of shareholders. The board of directors is
comprised of three to thirteen members. The minimum registered capital
for a co. is CNY 30,000. Shareholders may take their
capital contributions in cash or by means of tangible assets or intangible
assets such as industrial property and non-patented technology. Cash contributed by all
shareholders must account for at least 30% of the registered capital. Existing shareholders have
pre-exemption right to purchase shares of the co. offered for sale by the
other shareholders and to subscribe for the newly increased registered
capital of the co.
SC’s
registered business scope includes importing and exporting commodities and technologies,
excluding export commodities under state-unified operation and import
commodities operated by the state-designated companies. Processing with
imported materials, processing with imported samples, assembling with imported
parts, and compensation trade in agreement; counter trade & transit trade;
operating imported and exported rolled steel, wool, vegetable oil, cotton yarn,
veneer and natural rubber; wholesaling and retailing trade; property
management; interior decoration; commodity information consultation services;
real estate development operation; real estate information consultation.
SC is mainly engaged in wholesaling and importing grain, oil
and other related products.
Mr. Zong Yaozu has been legal representative and chairman of
SC since 1993.
SC is known to have approx. 20 employees at present.
SC is currently operating at the above stated address, and
this address houses its operating office in the commercial zone of Guangzhou.
Detailed information of the premise is unknown.
http://www.qiaojian.net/online.asp
The design is professional and the content is well organized. At present it is
only in Chinese version.
Email: marketing@qiaojian.net
Changes
of its registered information:
|
Date of change |
Item |
Before the change |
After the change |
|
|
Shareholders |
Qiaojian Group Co., Ltd. 80% Ru Xiaoqian 20% |
Qiaojian Group Co., Ltd. 80% Fu Jincui 20% |
|
|
Shareholders |
Qiaojian Group Co., Ltd. 80% Fu Jincui 20% |
Zong Yaozu 20% Qiaojian Group Co., Ltd. 80% |
|
|
Registration no. |
4401012034442 |
The present one |
|
|
Registered capital |
CNY 50,000,000 |
The present amount |
|
Shareholdings |
Zong Yaozu 20% Qiaojian Group Co., Ltd. 80% |
The present ones |
MAIN
SHAREHOLDERS:
Name %
of shareholdings
Zong Yaozu 60
Qiaojian Group Co., Ltd. 40
Qiaojian
Group Co., Ltd.
=================
Registration no.: 440101000167317
Chief Executive: Mr. Zong Yaozu
Registered Capital: CNY 80,000,000
Add: 8/F, Qiaojian Group Tower, No. 158 Nanzhou Road, Haizhu
District, Guangzhou City, Guangdong Province
Tel: 020-84053500
Fax: 020-84052688
Website: http://www.qiaojian.net
Email: webmaster@qiaojian.net
Legal Representative and Chairman:
Mr. Zong Yaozu ID# 330121196408200331, born in 1964 with
university education, he is currently responsible for the overall management of
SC.
Working
Experience(s):
From 1993 to present
Working in SC as legal representative and chairman.
Also working in Qiaojian Group Co., Ltd., Guangzhou Junyi
Economic Development Co., Ltd., Guangzhou Qiaojian Investment Co., Ltd.,
Guangzhou Qiaojian Real Estate Development Co., Ltd., Guangzhou Lvye Qiaojian
Real Estate Co., Ltd. and Guangzhou Qiaojian Building Co., Ltd. as legal
representative.
SC is mainly engaged in wholesaling and importing grain, oil
and other related products.
SC’s products mainly include: palm oil, building material,
vegetable oil, and etc.
SC sources its materials 100% from overseas markets. SC
sells 100% of its products in domestic market.
The buying terms of SC include L/C, T/T and Credit of 30-60
days. The payment terms of SC include Check, T/T and Credit of 30-60 days.
Note:
SC refused to release its major suppliers and customers.
According to http://www.qiaojian.net:
Guangzhou Junyi Economic Development Co., Ltd.
Guangzhou Qiaojian Investment Co., Ltd.
Guangzhou Qiaojian Real Estate Development Co., Ltd.
Guangzhou Lvye Qiaojian Real Estate Co., Ltd.
Guangzhou Qiaojian Building Co., Ltd.
Etc.
SC is also known to have the following branch:
Qiaojian Industrial Trade & Investment Enterprises Co.,
Ltd. Beijing Branch
SC is
known to have subsidiaries, but the details are not available.
Overall payment appraisal:
( ) Excellent (
) Good (X) Average (
) Fair ( ) Poor
( ) Not yet determined
The appraisal serves as a reference to reveal SC's payments
habits and ability to pay. It is based
on the 3 weighed factors: Trade payment
experience (through current enquiry with SC's suppliers), our delinquent
payment records and our debt collection record concerning SC.
Trade payment experience: SC did not provide any name of
trade/service suppliers and we have no other sources to conduct the enquiry at
present.
Delinquent payment record: None in our database.
Debt collection record: No
overdue amount owed by SC was placed to us for collection within the last 6
years.
Bank of China Guangzhou Haizhu
Sub-Branch
AC#:
113-835000494628091001
Relationship: Normal
Balance
Sheet
Unit: CNY’000
|
|
As
of Dec. 31, 2009 |
As
of Dec. 31, 2010 |
|
Cash & bank |
457,926 |
222,361 |
|
Short term investment |
0 |
882,820 |
|
Notes receivable |
0 |
0 |
|
Inventory |
13,047 |
24,448 |
|
Accounts receivable |
151,220 |
180,805 |
|
Advances to suppliers |
0 |
0 |
|
Other current assets |
0 |
0 |
|
|
------------------ |
------------------ |
|
Current assets |
622,193 |
1,310,434 |
|
Fixed assets net value |
5,680 |
6105 |
|
Project under construction |
0 |
0 |
|
Long term investment |
386,009 |
386,009 |
|
Intangible and other assets |
1,703 |
344 |
|
|
------------------ |
------------------ |
|
Total assets |
1,015,585 |
1,702,892 |
|
|
============= |
============= |
|
Short loans |
403,577 |
730,865 |
|
Notes payable |
611,606 |
1,035,961 |
|
Accounts payable |
27,333 |
-56,609 |
|
Advances from clients |
74,190 |
115,649 |
|
Welfare payable |
0 |
0 |
|
Taxes payable |
-46 |
-2,668 |
|
Dividends payable |
0 |
0 |
|
Surcharge payable |
712 |
327 |
|
Other accounts payable |
34,389 |
43,091 |
|
Other current liabilities |
0 |
0 |
|
|
------------------ |
------------------ |
|
Current liabilities |
1,151,761 |
1,866,616 |
|
Other liabilities |
1,234 |
0 |
|
|
------------------ |
------------------ |
|
Total liabilities |
1,152,995 |
1,866,616 |
|
Equities |
-137,410 |
-163,724 |
|
|
------------------ |
------------------ |
|
Total liabilities & equities |
1,015,585 |
1,702,892 |
|
|
============= |
============= |
Income
Statement
Unit: CNY’000
|
|
As
of Dec. 31, 2009 |
As
of Dec. 31, 2010 |
|
|
Turnover |
2,257,252 |
2,152,814 |
|
|
Cost of goods sold |
2,238,698 |
2,125,591 |
|
|
Taxes and additional of main operation |
0 |
7 |
|
|
Sales expense |
24,754 |
0 |
|
|
Management
expense |
4,734 |
5,504 |
|
|
Finance expense |
30,661 |
14,087 |
|
|
Other expense |
0 |
21,785 |
|
|
Other operation profit |
15,952 |
8,990 |
|
|
Investment income |
0 |
-21,144 |
|
|
Non-operation income |
60 |
0 |
|
|
Non-operation
expense |
5,331 |
0 |
|
|
Profit before tax |
-30,914 |
-26,314 |
|
|
Less: profit tax |
0 |
0 |
|
|
Profits |
-30,914 |
-26,314 |
|
Important
Ratios
=============
|
|
As
of Dec. 31, 2009 |
As
of Dec. 31, 2010 |
|
*Current ratio |
0.54
|
0.70 |
|
*Quick ratio |
0.53
|
0.69 |
|
*Liabilities to assets |
1.14
|
1.10 |
|
*Net profit margin (%) |
-1.37
|
-1.22 |
|
*Return on total assets (%) |
-3.04
|
-1.55 |
|
*Inventory /Turnover ×365 |
3
days |
5 days |
|
*Accounts receivable/Turnover ×365 |
25
days |
31 days |
|
*Turnover/Total assets |
2.22
|
1.26 |
|
* Cost of goods sold/Turnover |
0.99
|
0.99 |
PROFITABILITY:
FAIR
The turnover of SC appears good in its line.
SC’s net profit margin appears fair in both 2 years.
SC’s return on total assets appears fair in both 2 years.
SC’s cost of goods sold is high in both 2 years, comparing
with its turnover.
LIQUIDITY:
FAIR
The current ratio of SC is maintained in a fair level in
both 2 years.
SC’s quick ratio is maintained in a fair level in both 2
years.
The inventory of SC appears average in both 2 years.
The accounts receivable of SC appears average in both 2
years.
The short-term loan of SC appears large in both 2 years.
SC’s turnover is in an average level in both 2 years,
comparing with the size of its total assets.
LEVERAGE:
POOR
The debt ratio of SC is too high in both 2 years.
The risk for SC to go bankrupt is high.
Overall
financial condition of the SC: Fair
SC is considered small-sized in its line with fair financial
conditions. The large amount of short loans could be a threat to SC’s financial
condition. Credit dealings with SC should be confined into C.O.D. at present.
MIRA
INFORM REPORT
|
Prepared for : |
Cargill - Singapore |
|
|
|
|
Your Ref. No.: |
Chengxuan |
|
Report No. : |
164407 |
|
Inquiry Date : |
23.12.2011 |
|
Report Date : |
28.12.2011 |
INQUIRY DETAILS
|
Given Name : |
Qiaojian Industrial Trade & Investment
Enterprises Co Ltd. |
|
|
|
|
Given Address : |
8/F, Qiao Jian Group Tower, 158 Nanzhou Road Guangzhou, China |
IDENTIFICATION DETAILS
|
Name : |
QIAOJIAN INDUSTRIAL TRADE & INVESTMENT ENTERPRISES CO., LTD. |
|
|
|
|
Registered Office : |
8/F, Qiaojian Group Tower, No. 158 Nanzhou Road, Haizhu District,
uangzhou City, Guangdong Province, 510288 Pr |
|
|
|
|
Country : |
China |
|
|
|
|
Financials (as on) : |
31.12.2010 |
|
|
|
|
Date of Incorporation : |
12.07.1993 |
|
|
|
|
Com. Reg. No.: |
440101000165560 |
|
|
|
|
Legal Form : |
Limited Liabilities Company |
|
|
|
|
Line of Business : |
Wholesaling and importing grain, oil and other related products. |
|
|
|
|
No. of Employees : |
20 |
RATING & COMMENTS
|
MIRA’s Rating : |
B |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
|
Status : |
Moderate |
|
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) |
|
China |
A2 |
A2 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
|
Moderate |
B1 |
|
High |
B2 |
|
Very High |
C1 |
|
Restricted |
C2 |
|
Off-credit |
D |
Company name and address
QIAOJIAN
INDUSTRIAL TRADE & INVESTMENT ENTERPRISES CO., LTD.
8/F, QIAOJIAN GROUP TOWER, NO. 158 NANZHOU
ROAD, HAIZHU DISTRICT, GUANGZHOU CITY, GUANGDONG PROVINCE, 510288 PR CHINA
TEL: 86 (0) 20-84053500
FAX: 86 (0)
20-84052688
EXECUTIVE SUMMARY
INCORPORATION DATE :
JULY 12, 1993
REGISTRATION NO. :
440101000165560
REGISTERED LEGAL FORM : LIMITED LIABILITIES CO.
STAFF STRENGTH : 20
REGISTERED CAPITAL : CNY
100,000,000
BUSINESS LINE :
TRADING
TURNOVER :
CNY 2,152,814,000 (AS OF DEC.
31, 2010)
EQUITIES :
CNY -163,724,000 (AS OF DEC. 31, 2010)
PAYMENT :
AVERAGE
RECOMM. CREDIT RANGE : C.O.D.
MARKET CONDITION :
AVERAGE
FINANCIAL CONDITION :
FAIR
OPERATIONAL TREND : DOWNWARD
GENERAL REPUTATION :
AVERAGE
EXCHANGE RATE :
CNY 6.33=USD 1
Adopted abbreviations:
ANS - amount not stated
NS - not stated
SC - subject company (the company inquired by you)
NA - not available
CNY – China Yuan Ren Min Bi
SC was registered as a limited liabilities co. at local Administration for Industry &
Commerce (AIC-The official body of issuing and renewing business license) on
July 12, 1993.
Company Status: Limited Liabilities Co. This form of business in PR
China is defined as a legal person. No more than fifty shareholders
contribute its registered capital jointly. Shareholders bear limited
liability to the extent of shareholding, and the co. is liable for its
debts only to extent of its total assets. The characteristics of this form
of co. are as follows: Upon the establishment of the
co., an investment certificate is issued to the each of shareholders. The board of directors is
comprised of three to thirteen members. The minimum registered capital
for a co. is CNY 30,000. Shareholders may take their
capital contributions in cash or by means of tangible assets or intangible
assets such as industrial property and non-patented technology. Cash contributed by all
shareholders must account for at least 30% of the registered capital. Existing shareholders have
pre-exemption right to purchase shares of the co. offered for sale by the
other shareholders and to subscribe for the newly increased registered
capital of the co.
SC’s registered business scope includes importing and
exporting commodities and technologies, excluding export commodities under
state-unified operation and import commodities operated by the state-designated
companies. Processing with imported materials, processing with imported
samples, assembling with imported parts, and compensation trade in agreement;
counter trade & transit trade; operating imported and exported rolled
steel, wool, vegetable oil, cotton yarn, veneer and natural rubber; wholesaling
and retailing trade; property management; interior decoration; commodity
information consultation services; real estate development operation; real
estate information consultation
SC
is mainly engaged in wholesaling and importing grain, oil and other related
products.
Mr.
Zong Yaozu has been legal representative
and chairman of SC since 1993.
SC is known
to have approx. 20 employees
at present.
SC
is currently operating at the above stated address, and this address houses its
operating office in the commercial zone of Guangzhou. Detailed information of
the premise is unknown.
http://www.qiaojian.net/online.asp
The design is professional and the content is well organized. At present it is
only in Chinese version.
Email: marketing@qiaojian.net
Changes
of its registered information:
|
Date of change |
Item |
Before the change |
After the change |
|
|
Shareholders |
Qiaojian Group Co., Ltd. 80% Ru Xiaoqian 20% |
Qiaojian Group Co., Ltd. 80% Fu Jincui 20% |
|
|
Shareholders |
Qiaojian Group Co., Ltd. 80% Fu Jincui 20% |
Zong Yaozu 20% Qiaojian Group Co., Ltd. 80% |
|
|
Registration no. |
4401012034442 |
The present one |
|
|
Registered capital |
CNY 50,000,000 |
The present amount |
|
Shareholdings |
Zong Yaozu 20% Qiaojian Group Co., Ltd. 80% |
The present ones |
MAIN SHAREHOLDERS:
Name
%
of shareholdings
Zong Yaozu 60
Qiaojian Group Co., Ltd. 40
Qiaojian Group Co., Ltd.
=================
Registration no.: 440101000167317
Chief Executive: Mr. Zong Yaozu
Registered Capital: CNY 80,000,000
Add: 8/F, Qiaojian Group Tower, No. 158
Nanzhou Road, Haizhu District, Guangzhou City, Guangdong Province
Tel: 020-84053500
Fax: 020-84052688
Website: http://www.qiaojian.net
Email: webmaster@qiaojian.net
l
Legal Representative and Chairman:
Mr. Zong Yaozu ID# 330121196408200331,
born in 1964 with university education, he is currently responsible for the
overall management of SC.
Working Experience(s):
From 1993 to present Working in SC as legal representative
and chairman.
Also working in Qiaojian Group Co., Ltd., Guangzhou
Junyi Economic Development Co., Ltd., Guangzhou Qiaojian Investment Co., Ltd.,
Guangzhou Qiaojian Real Estate Development Co., Ltd., Guangzhou Lvye Qiaojian
Real Estate Co., Ltd. and Guangzhou Qiaojian Building Co., Ltd. as legal representative.
SC
is mainly engaged in wholesaling and importing grain, oil and other related
products.
SC’s products
mainly include: palm oil, building material, vegetable oil, and etc.
SC sources its materials
100% from overseas markets. SC sells 100% of its products in domestic market.
The buying terms of SC include L/C, T/T and Credit of 30-60 days. The
payment terms of SC include Check, T/T and Credit of 30-60 days.
Note: SC refused to
release its major suppliers and customers.
According to http://www.qiaojian.net:
Guangzhou Junyi Economic Development Co., Ltd.
Guangzhou Qiaojian Investment Co., Ltd.
Guangzhou Qiaojian Real Estate Development Co., Ltd.
Guangzhou Lvye Qiaojian Real Estate Co., Ltd.
Guangzhou Qiaojian Building Co., Ltd.
Etc.
SC
is also known to have the following branch:
Qiaojian Industrial Trade & Investment Enterprises Co., Ltd. Beijing
Branch
SC is known to have subsidiaries, but the details are not available.
Overall payment appraisal:
( ) Excellent (
) Good (X) Average (
) Fair ( ) Poor
( ) Not yet determined
The appraisal serves as a reference to reveal SC's payments habits and
ability to pay. It is based on the 3
weighed factors: Trade payment
experience (through current enquiry with SC's suppliers), our delinquent
payment records and our debt collection record concerning SC.
Trade payment experience: SC did not
provide any name of trade/service suppliers and we have no other sources to
conduct the enquiry at present.
Delinquent
payment record: None in our database.
Debt collection record: No overdue amount owed by SC was placed to us for
collection within the last 6 years.
Bank of China Guangzhou Haizhu Sub-Branch
AC#:
113-835000494628091001
Relationship:
Normal
Balance Sheet
Unit: CNY’000
|
|
As of Dec. 31, 2009 |
As of Dec. 31, 2010 |
|
Cash & bank |
457,926 |
222,361 |
|
Short term
investment |
0 |
882,820 |
|
Notes receivable |
0 |
0 |
|
Inventory |
13,047 |
24,448 |
|
Accounts
receivable |
151,220 |
180,805 |
|
Advances to
suppliers |
0 |
0 |
|
Other current
assets |
0 |
0 |
|
|
------------------ |
------------------ |
|
Current assets |
622,193 |
1,310,434 |
|
Fixed assets net
value |
5,680 |
6105 |
|
Project under
construction |
0 |
0 |
|
Long term
investment |
386,009 |
386,009 |
|
Intangible and
other assets |
1,703 |
344 |
|
|
------------------ |
------------------ |
|
Total assets |
1,015,585 |
1,702,892 |
|
|
============= |
============= |
|
Short loans |
403,577 |
730,865 |
|
Notes payable |
611,606 |
1,035,961 |
|
Accounts payable |
27,333 |
-56,609 |
|
Advances from
clients |
74,190 |
115,649 |
|
Welfare payable |
0 |
0 |
|
Taxes payable |
-46 |
-2,668 |
|
Dividends payable |
0 |
0 |
|
Surcharge payable |
712 |
327 |
|
Other accounts
payable |
34,389 |
43,091 |
|
Other current
liabilities |
0 |
0 |
|
|
------------------ |
------------------ |
|
Current
liabilities |
1,151,761 |
1,866,616 |
|
Other
liabilities |
1,234 |
0 |
|
|
------------------ |
------------------ |
|
Total
liabilities |
1,152,995 |
1,866,616 |
|
Equities |
-137,410 |
-163,724 |
|
|
------------------ |
------------------ |
|
Total
liabilities & equities |
1,015,585 |
1,702,892 |
|
|
============= |
============= |
Income Statement
Unit: CNY’000
|
|
As of Dec. 31,
2009 |
As of Dec. 31,
2010 |
|
Turnover |
2,257,252 |
2,152,814 |
|
Cost of goods sold |
2,238,698 |
2,125,591 |
|
Sales expense |
24,754 |
0 |
|
Management expense |
4,734 |
5,504 |
|
Finance expense |
30,661 |
14,087 |
|
Profit before
tax |
-30,914 |
-26,314 |
|
0 |
0 |
|
|
Profits |
-30,914 |
-26,314 |
Important
Ratios
=============
|
|
As
of Dec. 31, 2009 |
As
of Dec. 31, 2010 |
|
*Current ratio |
0.54 |
0.70 |
|
*Quick ratio |
0.53 |
0.69 |
|
*Liabilities
to assets |
1.14 |
1.10 |
|
*Net profit
margin (%) |
-1.37 |
-1.22 |
|
*Return on
total assets (%) |
-3.04 |
-1.55 |
|
*Inventory /Turnover
×365 |
3 days |
5 days |
|
*Accounts
receivable/Turnover ×365 |
25 days |
31 days |
|
*Turnover/Total
assets |
2.22 |
1.26 |
|
* Cost of
goods sold/Turnover |
0.99 |
0.99 |
PROFITABILITY:
FAIR
l
The turnover of SC appears good in its line.
l
SC’s net profit margin appears fair in both 2
years.
l
SC’s return on total assets appears fair in both 2
years.
l
SC’s cost of goods sold is high in both 2 years,
comparing with its turnover.
LIQUIDITY: FAIR
l
The current ratio of SC is maintained in a fair
level in both 2 years.
l
SC’s quick ratio is maintained in a fair level in
both 2 years.
l
The inventory of SC appears average in both 2
years.
l
The accounts receivable of SC appears average in
both 2 years.
l
The short-term loan of SC appears large in both 2
years.
l
SC’s turnover is in an average level in both 2
years, comparing with the size of its total assets.
LEVERAGE: POOR
l
The debt ratio of SC is too high in both 2 years.
l
The risk for SC to go bankrupt is high.
Overall financial
condition of the SC: Fair
SC is considered small-sized in its line with fair financial conditions.
The large amount of short loans could be a threat to SC’s financial condition. Credit
dealings with SC should be confined into C.O.D. at present.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.50.32 |
|
|
1 |
Rs.77.96 |
|
Euro |
1 |
Rs.65.30 |
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.