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Report Date : |
13.07.2012 |
IDENTIFICATION DETAILS
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Name : |
SIS CORPORATION |
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Registered Office : |
208-6, Dalcheon-dong, Buk-gu, |
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Country : |
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Financials (as on) : |
31.12.2011 |
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Date of Incorporation : |
25.10.2004 |
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Com. Reg. No.: |
610-81- 74351 |
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Legal Form : |
Co., Ltd by Shares |
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Line of Business : |
Manufacture of Industrial Robots |
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No. of Employees : |
52 |
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RATING & COMMENTS
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MIRA’s Rating : |
B |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
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Status : |
Moderate |
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Payment Behaviour : |
No Complaints |
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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 – March 31st, 2012
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Country Name |
Previous Rating (31.12.2011) |
Current Rating (31.03.2012) |
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A1 |
A1 |
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Risk Category |
ECGC
Classification |
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Insignificant |
A1 |
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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 |
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Company
Name |
SIS CORPORATION (Korean Company
Name : “에스아이에스(주)”) |
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Registered Address |
208-6, Dalcheon-dong, Buk-gu, |
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Zip Code |
683-470 |
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Tel |
+82-52-245-5390 |
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Fax |
+82-70-4126-5392 |
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Website |
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Trading Address |
208-6, Dalcheon-dong, Buk-gu, |
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Tel |
+82-52-245-5390 |
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Fax |
+82-70-4126-5392 |
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Type |
Export/Import |
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Industry |
Manufacture of Industrial Robots |
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Main Business |
Laser Welding Inspection System, Gentry Robot, System Engineering,
Factory Automation Systems |
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Established (mm/dd/yyyy) |
10/25/2004 |
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Activity |
Detailed Products (UNSPSC) |
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Sell |
Welding robots(23153204) |
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Sell |
Laser welding machinery(23171521) |
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Name |
Shin In-Seung |
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Address |
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Date of Birth |
02/07/1963 |
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Title |
President & CEO |
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Sex |
Male |
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Nationality |
Korean |
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Capital (KRW) |
820,000,000 |
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Employees |
52 |
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Formation |
Co., Ltd by Shares Venture Business |
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Bank Details |
Industrial Bank of Woori Bank |
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Corporate Registered No. |
230111-0107233 |
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Business Registered No. |
610-81- 74351 |
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Permit & Licenses |
05/2006 ISO 9001 05/2010 ISO 9001 |
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Shareholder Position |
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Company History |
10/25/2004 Incorporated as the present name 06/26/2007 Designated as a Venture Business 12/2007 Designated as an INNO-BIZ Company 12/29/2008 Increased the authorized shares to 240,000 KRW from 80,000
shares 05/30/2009 Increased capital to 820,000,000 KRW from 600,000,000 KRW 06/23/2011 Designated as a Venture Business
again |
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Job Description |
Title |
Name |
Sex |
Nationality |
Inauguration Date |
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President & CEO |
Mr. |
Shin In-Seung |
Male |
Korean |
03/31/2009 |
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Auditor |
M/S. |
Kim Mi-Ran |
Female |
Korean |
03/31/2009 |
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Year / Unit : KRW |
Sales |
Assets |
Net Income |
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16,723,143,140 |
14,125,444,873 |
298,700,716 |
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2010 |
14,076,297,991 |
10,399,816,926 |
166,508,512 |
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2009 |
8,622,000,000 |
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364,000,000 |
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2008 |
11,720,000,000 |
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448,000,000 |
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Authorized Capital(KRW) |
1,200,000,000 |
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Paid-Up Capital(KRW) |
820,000,000 |
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Total Issued Shares |
164,000 |
Balance
Sheet
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Unit : Korean Won |
As of 12/31/2011 |
As of 12/31/2010 |
As of 12/31/2009 |
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Total Assets |
14,125,444,873 |
10,399,816,926 |
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Current Assets |
6,971,802,320 |
4,705,714,873 |
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-Quick Assets |
6,190,429,239 |
4,077,721,655 |
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-Inventories |
781,373,081 |
627,993,218 |
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Fixed Assets |
7,153,642,553 |
5,694,102,053 |
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-Investment |
301,749,888 |
446,037,472 |
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-Tangibles |
5,598,069,123 |
4,435,499,549 |
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-Intangibles |
20,732,629 |
18,311,069 |
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-Others |
1,233,090,913 |
794,253,963 |
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Total Liabilities |
11,278,559,369 |
7,851,632,138 |
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Current Liabilities |
11,027,602,566 |
6,683,380,375 |
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Fixed Liabilities |
250,956,803 |
1,168,251,763 |
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Capital Stock |
820,000,000 |
820,000,000 |
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Capital Surplus |
877,993,091 |
877,993,091 |
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Profit Surplus |
1,148,892,413 |
850,191,697 |
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Capital Adjustment |
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Total Equity |
2,846,885,504 |
2,548,184,788 |
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Liab. & Shareholder’s Equity |
14,125,444,873 |
10,399,816,926 |
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Current Liabilities |
11,027,602,566 |
6,683,380,375 |
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Trade Payables |
4,402,415,774 |
2,721,133,095 |
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Unearned Income |
187,514,657 |
322,914,469 |
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Account Payables |
1,416,629,319 |
512,675,035 |
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Advance Receipts |
562,355,908 |
385,041,841 |
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Withholdings |
47,719,561 |
17,498,890 |
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Accrued Expenses |
12,091,377 |
5,465,012 |
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Accrued Income Tax |
16,669,890 |
27,424,915 |
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VAT Withhold |
- |
361,227,118 |
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Short-Term Borrowings |
1,939,406,080 |
- |
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Current Portion of Long-Term Debts |
2,442,800,000 |
2,330,000,000 |
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Fixed Liabilities |
250,956,803 |
1,168,251,763 |
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Long-Term Borrowings |
133,280,000 |
1,086,020,000 |
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Provision for Severance & Retirement |
130,902,162 |
103,303,525 |
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Provision for Construction Loss |
8,357,025 |
- |
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Income
Statement
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Unit : Korean Won |
As of 12/31/2011 |
As of 12/31/2010 |
As of 12/31/2009 |
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Sales |
16,723,143,140 |
14,076,297,991 |
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Cost of Sold Goods |
13,179,256,304 |
11,742,253,859 |
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Gross Profit |
3,543,886,836 |
2,334,044,132 |
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Selling & Admin. Expenses |
3,023,852,353 |
1,705,250,517 |
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Operating Income |
520,034,483 |
628,793,615 |
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Non-Operating Income |
99,052,617 |
79,339,325 |
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Non-Operating Expenses |
288,256,349 |
458,359,053 |
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Income Before Taxes |
330,830,751 |
249,773,887 |
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Income Taxes Expenses |
32,130,035 |
83,265,375 |
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Net Income |
298,700,716 |
166,508,512 |
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Cash
Flows
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Unit : Korean Won |
As of 12/31/2011 |
As of 12/31/2010 |
As of 12/31/2009 |
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Cash Flows from Operating |
1,413,060,165 |
4,012,038,365 |
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-Net Income |
298,700,716 |
166,508,512 |
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-Exp. without Cash Outflow |
784,001,360 |
578,746,675 |
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-Revenue without Cash Inflows |
-13,907,710 |
-1,155,069 |
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-Changes in Asset/ & Liability |
344,265,799 |
3,267,938,247 |
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Cash Flows from Investing |
-2,896,523,164 |
-3,284,740,498 |
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-Cash Inflow from Investing |
981,314,930 |
4,274,097,469 |
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-Cash Outflows for Investing |
-3,877,838,094 |
-7,558,837,967 |
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Cash Flows from Financing |
1,113,373,790 |
-515,680,000 |
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-Cash Inflows from Financing |
3,602,803,930 |
5,340,000,000 |
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-Cash Outflows from Financing |
-2,489,430,140 |
-5,855,680,000 |
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Increase/Decrease in Cash |
-370,089,209 |
211,617,867 |
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Cash at the Beginning of Year |
625,484,094 |
413,866,227 |
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Cash at the End of Year |
255,394,885 |
625,484,094 |
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Main Products & Services |
Laser Welding Inspection System, Gentry Robot, System Engineering,
Factory Automation Systems |
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Competitors |
FANUC KOREA
CORP. 39, UNGNAM-DONG,
SEONGSAN-GU, CHANGWON-SI, TEL:+82-55-278-1200 FAX:+82-55-284-9826 ROBOSTAR
CO., LTD. 119-38,
SASA-DONG, SANGNOK-GU, ANSAN-SI, TEL:+82-31-400-3600 FAX:+82-31-419-4245 TKC CO.,
LTD. 4BA-504,
SIHWA INDUSTRIAL COMPLEX, 748-3, SEONGGOK-DONG, DANWON-GU, ANSAN-SI, TEL:+82-31-432-2121~4 FAX:+82-31-432-2125 |
(Subsidiaries, Joint-Venture & Affiliates)
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Affiliates |
POSCHEM CO., LTD.( EPM SOLUTIONS CO., LTD.(230111-0105881) |
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Cooperative |
-Insured company GREEN NON-LIFE INSURANCE CO., LTD.(110111-0007082) DONGBU INSURANCE CO., LTD.(110111-0095285) MERITZ FIRE & MARINE INSURANCE CO., LTD.(110111-0013328) |
(Activity & Markets)
The Subject deals
with the companies in
No.
---
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.55.70 |
|
|
1 |
Rs.86.28 |
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Euro |
1 |
Rs.68.15 |
INFORMATION DETAILS
|
Report Prepared
by : |
MNL |
RATING EXPLANATIONS
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
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>86 |
Aaa |
Possesses an extremely sound financial base with the strongest
capability for timely payment of interest and principal sums |
Unlimited |
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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 |
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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 |
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41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
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26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
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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 |
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<10 |
C |
Absolute credit risk exists. Caution needed to be exercised |
Credit not
recommended |
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---- |
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.