|
Report Date : |
01.06.2012 |
IDENTIFICATION DETAILS
|
Name : |
SAMSUNG C&T
HONGKONG LTD. |
|
|
|
|
Registered Office : |
8/F., |
|
|
|
|
Country : |
|
|
|
|
|
Date of Incorporation : |
22.06.1977 |
|
|
|
|
Com. Reg. No.: |
05203811 |
|
|
|
|
Legal Form : |
Private Limited Company |
|
|
|
|
Line of Business : |
Importer and Exporter, Commission Agent, Property Investment and Investment Holding. |
|
|
|
|
No. of Employees : |
35 |
RATING & COMMENTS
|
MIRA’s 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 : |
Usually Correct |
|
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 – March 31st, 2012
|
Country Name |
Previous Rating (31.12.2011) |
Current Rating (31.03.2012) |
|
Hong Kong |
A2 |
A2 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
|
Moderate |
B1 |
|
High |
B2 |
|
Very High |
C1 |
|
Restricted |
C2 |
|
Off-credit |
D |
SAMSUNG C&T
HONGKONG LTD.
8/F., Central
Plaza, 18 Harbour Road, Wanchai, Hong Kong.
PHONE: 2862 6000
FAX: 2862 6484
E-MAIL: phcho@samsungcorp.com
Managing
Director: Mr. Kim Hyun Jun
Incorporated on: 22nd June, 1977.
Organization: Private Limited Company.
Capital: Nominal: HK$557,825,000.00
Issued: HK$557,825,000.00
Business Category: Importer and Exporter, Commission Agent, Property Investment and Investment Holding.
Samsung C&T Group Net Sales:-
KRW 21,545,515 million (Year ended 31-12-2011)
Subject Sales: KRW 1,533,772 million (Year ended 31-12-2010)
Employees: 35.
Main Dealing Bankers: China Construction Bank (Asia) Corporation Ltd., Hong Kong.
Citibank N.A., Hong Kong Branch.
Banking Relation: Good.
SAMSUNG C&T
HONGKONG LTD.
Registered Head Office:-
8/F., Central Plaza, 18 Harbour Road, Wanchai, Hong Kong.
China Offices: Guangzhou, Shenzhen, Shantou, Xiamen and Shanghai.
Holding Company:-
Samsung C&T Corporation, South Korea.
Ultimate Holding Company:-
Samsung Electronics Co. Ltd., South Korea.
Sister & Associated Companies:-
Samsung Electronics Group of Companies
Bluetek Co. Ltd., South Korea.
Cheil Industries Inc., South Korea.
Hangzhou Samsung Eastcom Network Technology Co. Ltd., China.
International Cyber Marketing Inc., South Korea.
Living Plaza Co. Ltd., South Korea.
P.T. Samsung Electronics Indonesia, Indonesia.
P.T. Samsung Telecommunications Indonesia, Indonesia.
S1 Corporation, South Korea.
Samsung (China) Investment Co. Ltd., China.
Samsung Asia Pte. Ltd., Singapore.
Samsung Austin Semiconductor LLC, USA.
Samsung BP Chemicals Co. Ltd., South Korea.
Samsung Card Co. Ltd., South Korea.
Samsung Corning (HK) Ltd., Hong Kong.
Samsung Corning Precision Glass Co. Ltd., South Korea.
Samsung Electro-Mechanics (H.K.) Ltd., Hong Kong.
Samsung Electro-Mechanics Co. Ltd., South Korea.
Samsung Electronica Columbia S.A., Columbia.
Samsung Electronica Da Amazonia Ltda., Brazil.
Samsung Electronics (Shandong) Digital Printing Co. Ltd., China.
Samsung Electronics (UK) Ltd., UK.
Samsung Electronics America Inc., USA.
Samsung Electronics Argentina S.A., Argentina.
Samsung Electronics Asia Holding Pte. Ltd., Singapore.
Samsung Electronics Australia Pty. Ltd., Australia.
Samsung Electronics Austria GmbH, Austria.
Samsung Electronics Beijing Sales Co., China.
Samsung Electronics Beijing Service Co. Ltd., China.
Samsung Electronics Benelux B.V., the Netherlands.
Samsung Electronics Canada Inc., Canada.
Samsung Electronics Display (M) Sdn. Bhd., Malaysia.
Samsung Electronics Europe Logistics B.V., the Netherlands.
Samsung Electronics France S.A., France.
Samsung Electronics GmbH, Germany.
Samsung Electronics H.K. Co. Ltd., Hong Kong.
Samsung Electronics Hainan Fiberoptics Co. Ltd., China.
Samsung Electronics Hainan Fiberoptics Korea Co. Ltd., South Korea.
Samsung Electronics Holding GmbH, Germany.
Samsung Electronics Huizhou Co. Ltd., China.
Samsung Electronics Hungarian Co. Ltd., Hungary.
Samsung Electronics Iberia S.A., Spain.
Samsung Electronics Italia S.p.A., Italy.
Samsung Electronics Kazakhstan, Kazakhstan.
Samsung Electronics Latinoamerica (Zona Libre) S.A., Panama.
Samsung Electronics Latinoamerica Colombia S.A., Colombia.
Samsung Electronics Latinoamerica Miami Inc., USA.
Samsung Electronics Logitech Co. Ltd., South Korea.
Samsung Electronics Malaysia Sdn. Bhd., Malaysia.
Samsung Electronics Manufacturing (UK) Ltd., UK.
Samsung Electronics Mexico S.A. de C.V., Mexico.
Samsung Electronics Nordic AB, Sweden.
Samsung Electronics Overseas B.V., the Netherlands.
Samsung Electronics Philippine Manufacturing Corporation, Philippines.
Samsung Electronics Philippines Corporation, Philippines.
Samsung Electronics Poland Sp.zo.o., Poland.
Samsung Electronics Portuguesa S.A., Portugal.
Samsung Electronics Russia Co. Ltd., Russia.
Samsung Electronics Service Co. Ltd., South Korea.
Samsung Electronics Shanghai Sales Co., China.
Samsung Electronics Shenzhen Co. Ltd., China.
Samsung Electronics Slovakia s.r.o., Slovakia.
Samsung Electronics South Africa (Pty) Ltd., South Africa.
Samsung Electronics Suzhou Computer Co. Ltd., China.
Samsung Electronics Suzhou LCD Co. Ltd., China.
Samsung Electronics Suzhou Semiconductor Co. Ltd., China.
Samsung Electronics Taiwan Co. Ltd., Taiwan.
Samsung Electronics Ukraine, Ukraine.
Samsung Engineering Co. Ltd., South Korea.
Samsung Everland Inc., South Korea.
Samsung Fine Chemicals Co. Ltd., South Korea.
Samsung Fire & Marine Insurance Co. Ltd., South Korea.
Samsung Gulf Electronics FZE, UAE.
Samsung Gwangju Electronics Co. Ltd., South Korea.
Samsung Heavy Industries Co. Ltd., South Korea.
Samsung India Electronics Ltd., India.
Samsung India Software Operations Pvt. Ltd., India.
Samsung Information Systems America Inc., USA.
Samsung International Inc., USA.
Samsung Investment Trust Management Co. Ltd., South Korea.
Samsung Japan Co. Ltd., Japan.
Samsung Kwangju Electronics Co. Ltd., South Korea.
Samsung Life Insurance Co. Ltd., South Korea.
Samsung Logistics (China) Ltd., Hong Kong.
Samsung Malaysia Electronics Sdn. Bhd., Malaysia.
Samsung Mexicana S.A. de C.V., Mexico.
Samsung Mobile Display Co. Ltd., South Korea.
Samsung Networks Inc., South Korea.
Samsung Petrochemical Co. Ltd., South Korea.
Samsung Receivables Corporation, USA.
Samsung Russia Service Center Ltd., Russia.
Samsung SDI (Hong Kong) Ltd., Hong Kong.
Samsung SDI Co. Ltd., South Korea.
Samsung SDS Co. Ltd., South Korea.
Samsung Securities Co. Ltd., South Korea.
Samsung Semiconductor China R&D Ltd., China.
Samsung Semiconductor Europe GmbH, Germany.
Samsung Semiconductor Europe Logistics B.V., the Netherlands.
Samsung Semiconductor Europe Ltd., UK.
Samsung Semiconductor France S.A.R.L., France.
Samsung Semiconductor Inc., USA.
Samsung Semiconductor International Inc., USA.
Samsung Semiconductor Italia S.R.L., Italy.
Samsung Semiconductor Mexico S.A. de C.V., Mexico.
Samsung Semiconductor Sweden AB, Sweden.
Samsung Techwin Co. Ltd., South Korea.
Samsung Telecommunications America Inc., USA.
Samsung Telecommunications Benelux, the Netherlands.
Samsung Telecommunications India, India.
Samsung Telecoms (UK) Ltd., UK.
Samsung Total Petrochemicals Co. Ltd., South Korea.
Samsung Venture Investment Corporation, South Korea.
Samsung Vina Electronics Co. Ltd., Vietnam.
Secron Co. Ltd., South Korea.
SEMES America Inc., USA.
SEMES Co. Ltd., South Korea.
Shanghai Samsung Semiconductor Co. Ltd., China.
Shenzhen Samsung Kejian Mobile Telecommunication Technology Co. Ltd., China.
Shilla Hotels & Resorts Co. Ltd., South Korea.
S-LCD Corporation, South Korea.
STECO Co. Ltd., South Korea.
Suzhou Samsung Electronics Co. Ltd., China.
Symbian Ltd., UK.
Tasman Properties Inc., USA.
Thai-Samsung Electronics Co. Ltd., Thailand.
Tianjin Samsung Electronics Co. Ltd., China.
Tianjin Samsung Electronics Display Co. Ltd., China.
Tianjin Samsung Telecom Technology Co. Ltd., China.
Tianjin Tongguang Samsung Electronics Co. Ltd., China.
etc.
05203811
0053922
Managing Director: Mr. Kim Hyun Jun
Nominal Share
Capital: HK$557,825,000.00 (Divided into 111,565 shares of HK$5,000.00 each)
Issued Share
Capital: HK$557,825,000.00
(As per registry dated 22-06-2011)
|
Name |
|
No. of shares |
|
Samsung C&T Corporation Samsung C&T
Corporation Building, 1321-20, Seocho 2-Dong, Seocho-Gu, Seoul, 137-857 South
Korea. |
|
111,563 |
|
KIM Hyun Jun |
|
2 |
|
|
|
––––––– |
|
|
Total: |
111,565 ====== |
(As per registry dated 15-03-2012)
|
Name (Nationality) |
Address |
|
KIM Hyun Jun |
Flat G, 19/F., Oak Mansion, Harbour View
Gardens, 20 Tai Koo Wan Road, Taikoo Shing, Hong Kong. |
|
SUK Jin An |
Flat B, 56/F., Tower 1, Sorrento, 1 Austin
Road West, Kowloon, Hong Kong. |
KIM Hyun Jun (As per registry dated 22-06-2011)
The
subject was incorporated on 22nd June, 1977 as a private limited liability
company under the Hong Kong Companies Ordinance. Originally the subject was registered under
the name of Samsung Moolsan (H.K.) Ltd., name changed to Samsung Hongkong Ltd.
on 2nd March, 1990, and further to Samsung C&T Hongkong Ltd. on 21st
December, 2010.
Formerly
the subject was located at 65/F., Central Plaza, 18 Harbour Road, Wanchai, Hong
Kong, moved to 31/F., The Center, 99 Queen’s Road Central, Hong Kong in
November 1998, moved to 43/F., & Suite 4506-4514, 45/F. Two International
Finance Centre, 8 Finance Street, Central, Hong Kong and further moved to the
present address in April 2008.
Apart
from these, neither material change nor amendment has been ever traced and
noted.
Activities: Importer and Exporter, Commission Agent, Property Investment and Investment Holding.
Lines: All kinds of Korean products including textiles, daily items, industrial chemicals, machineries and equipments, marine supplies, steel products and hardwares, electronic products, etc.
Employees: 35.
Commodities Imported:-
Coal – China.
Chemical products – Indonesia and Korea.
Steel – China.
Textiles – Indonesia.
Markets: Korea, Vietnam and China.
Samsung C&T Group Net Sales:-
KRW 17,755,863 million (Year ended 31-12-2010)
KRW 21,545,515 million (Year ended 31-12-2011)
Subjuct Sales: KRW 1,533,772 million (Year ended 31-12-2010)
Terms/Sales: L/C (main), T/T, D/P, etc.
Terms/Buying: L/C (main), etc.
The Korean Chamber
of Commerce in Hong Kong, Hong Kong.
Nominal Share
Capital: HK$557,825,000.00 (Divided into 111,565 shares of HK$5,000.00 each)
Issued Share
Capital: HK$557,825,000.00
Alternation
of Capital:-
|
15-07-1977 |
paid up |
HK$ 500,000.00 |
|
20-08-1985 |
paid up |
HK$ 3,500,000.00 |
|
07-10-1993 |
paid up |
HK$ 36,000,000.00 |
|
19-12-1997 |
paid up |
HK$ 140,000,000.00 |
|
30-06-1998 |
paid up |
HK$ 149,480,000.00 |
|
Dec. 2002 |
Paid up |
HK$ 808,780,000.00 |
|
07-10-2005 |
paid up |
HK$ 774,500,000.00 |
|
19-11-2010 |
reduced |
(HK$ 1,354,935,000.00 ) |
|
|
|
––––––––––––––––––– |
|
Total: |
paid up |
HK$ 557,825,000.00 ================= |
Increases/(decrease)
of Nominal Capital:-
|
From |
HK$ 500,000.00 |
to |
HK$ 4,000,000.00 |
on |
20-07-1985 |
|
From |
HK$ 4,000,000.00 |
to |
HK$ 40,000,000.00 |
on |
07-10-1993 |
|
From |
HK$ 40,000,000.00 |
to |
HK$ 180,000,000.00 |
on |
19-12-1997 |
|
From |
HK$ 180,000,000.00 |
to |
HK$ 329,480,000.00 |
on |
30-06-1998 |
|
From |
HK$ 329,480,000.00 |
to |
HK$1,138,260,000.00 |
in |
Dec. 2002 |
|
From |
HK$1,138,260,000.00 |
to |
HK$1,912,760,000.00 |
on |
07-10-2005 |
|
From |
(HK$1,912,760,000.00) |
to |
(HK$ 557,825,000.00) |
on |
19-11-2010 |
Mortgage
or Charge:-
Date of Assignment
of DC Proceeds re export bills restricted to other banks for negotiation/payment: 20-05-2000
Amount: All loans or other advances
made or to be made by the Bank to the Customer against documents submitted
under a Documentary Credit, all monies and liabilities in any currency owing by
the Customer to the Bank at any time, whether separately or jointly, actually
or contingently, present or future, interest on all loans and advances and such
monies and all expenses of the Bank in perfecting or enforcing the Assignment
Property: By way of assignment or
agreement to assign in each case as beneficial owner. All monies in any currency representing
proceeds payable or to be paid to the Customer under the Documentary Credits,
all the Customer’s right, title and interest in the said Documentary Credits
and the benefit of all powers and remedies for enforcing the Documentary
Credits
Mortgagee: The Hongkong & Shanghai Banking Corp. Ltd., Hong Kong.
Total Assets of Subject: KRW 247,113 million (Year ended 31-12-2010)
Total Liabilities of Subject:-
KRW 162,789 million (Year ended 31-12-2010)
Subjust Net Income: KRW 2,651 million (Year ended 31-12-2010)
Samsung C&T Group Net Income:-
KRW 485,633 million (Year ended 31-12-2010)
KRW 402,041 million (Year ended 31-12-2011)
Profit or Loss: Business is profitable.
Condition: Business is active and steady.
Facilities: Making active use of general banking facilities.
Payment: So far so good.
Commercial Morality: Good.
Bankers:-
China Construction Bank (Asia) Corporation Ltd., Hong Kong.
Citibank N.A., Hong Kong Branch.
JPMorgan Chase Bank N.A., Hong Kong Branch.
Korea Commercial Finance Ltd., Hong Kong.
Korea Exchange Bank, Hong Kong Branch.
Standard Chartered International (USA) Ltd., Hong Kong Branch.
The Hongkong & Shanghai Banking Corp. Ltd., Hong Kong.
Standing: Very good.
Previously
known as Samsung Hongkong Ltd., Samsung C&T Hongkong Ltd. is a wholly-owned
subsidiary of Samsung C&T Corporation [Samsung C&T] (formerly
known as Samsung Corporation) which is a South Korea-based firm. The subject adopted the present style in late
December 2010. The subject changed its
minor shareholder and Managing Director in April 2011.
Samsung
C&T was incorporated in 1952. It is
engaged in the construction and engineering business in the global markets.
The
subject’s ultimate holding company Samsung Electronics Co. Ltd. [Samsung
Electronics] is also a South Korea-based firm.
Samsung Electronics is an investment holding company of the Samsung
Electronics Group. The Samsung
Electronics Group, one of the leading business conglomerates in South Korea, is
composed of 47 affiliates including Samsung Electro-Mechanics Co. Ltd., Samsung
SDI Co. Ltd., Samsung SDS Co. Ltd., Samsung Corning Precision Glass Co. Ltd.,
etc.
The
subject has dedicated itself to global trading since its incorporation in
1977. Being one of the major
subsidiaries of Samsung Electronics, the subject has developed into a leading
player in global trading and actively engaged in many investment and local
businesses opportunities in China.
The
subject’s major businesses activities include natural resources and trading in
metals, steel, petrochemicals and plastics, textiles raw material, garments and
also electronics products.
The
subject has had the following divisions:-
Metals
and Natural Resources Division — Third parties trading if Metal
products is one of the major activities of the subject. Importing of non‑ferrous metals (such
as copper concentrates/rod from Mongolia to China, copper cathodes from Chile
to China, zinc ingot from Korea, indium ingot and aluminium ingot from China to
other Asian countries, etc.) and also precious metals (such as platinum from
Korea to China and silver ingot from China to other Asian countries, etc.) Secondary cold‑rolled steel and
galvanized steel is mainly sourced from Japan and sold to China. For Natural Resources, the subject handles
Chinese steam coal for the Korean market.
Machinery
and Project Division — The subject handles products
such as pleomax light bulb, battery and computer peripheral products which are
sold to Hong Kong market. Products are
manufactured by the Group in South Korea.
Textiles
and Garment Division — Textiles and Garment is another
major source of revenue for the subject.
The subject is specialized in trading in a wide variety of textiles raw
materials (including polyester fibre, filament yarn, nylon filament, raw cotton
and cotton yarn). The buyers are mainly
in Hong Kong and China and the subject imports the products with its strong
sourcing network from Taiwan, the United States, Germany, India and
Pakistan. In order to maintain its
competitiveness in the garment industry, the subject also co-operate with some
tolling factories as partners to produce products in China such as jacket, dress,
shoes, etc. to South Korea and the US market.
Petrochemicals
and Plastics Division — The subject’s Plastics division
mainly carries PP, HDPE, and ABS. Prime
markets are Hong Kong and China.
Its
sourcing network covers Taiwan, South Korea and even some middle-east
countries. The subject is also engaged
in fertilizers trading (e.g. urea in bulk and diammonium phosphate). Fertilizers are sourced from China and
re-exported to South Korea, Taiwan, etc.
Engaged
in the above core businesses, the subject continues to expand its third party
trading, enlarge the local sales market and the value-added businesses in
China. Now the subject is the holding
company of three trading subsidiaries in the Free Trade Zone of Tianjin,
Shanghai, Guangzhou in China.
Furthermore,
the subject is using the representatives offices in Shenzhen Sez, Shantou Sez,
Xiamen, Guangzhou and Shanghai to consolidate its sales network and provide
full support for expansion plan.
Now,
the subject has set up the following departments: Accounting Department, Finance Department, IT
Department, Personnel & Administration Department, Textile Department,
Metal Department (HK Metal and Shanghai Metal), Business Development
Department, Steel Department, Fertilizer Department, and Plastic Department.
The
subject’s Finance Department is a very important department in the
subject. It is acting as a financial arm
to support its head office Samsung Electronics and China branches and its sales
departments. It aims at providing an
effective and efficient financing channel to facilitate the subject’s growing
trading businesses.
In
order to cope with its daily transaction between the subject and its parent
Samsung Electronics and trading partners, Letter of Credit [LC] is frequently
used for the international trade settlement.
The Finance Department is controlling the risks involved in LC
transactions. Also to optimise the
subject’s capital structures from both an economic and strategic perspective,
the finance department is actively engaged in making long-term syndication loan
from international bank group.
Founded
in 1938, Samsung Electronics is now the largest general trading company in
South Korea specialised in exporting heavy and chemical products such as iron
and steel, chemicals, plant facilities, garments, etc.
It
has had over 63 overseas branches and 27 overseas subsidiaries throughout the
world.
Intensifying
trade with the Eastern Europe, Samsung Electronics also has established
branches in Moscow, Poland, etc. and has founded production plants for VCRs and
refrigerators in China. In addition,
Samsung Electronics has set up a joint venture in Hungary dealing in products
such as C-TVs and Braun tubes.
In
the early 2000’s, Samsung Electronics has grown to be a leader of the
Information Technology Society, identified with digital and Internet technology
by concentrating on electronics, banking, services, and business to continue to
be a global leader.
The
subject is one of the important overseas subsidiaries of the Group. The subject has dedicated itself to global
trading since it’s incorporation in 1977.
It has developed Sino-Korean trades since 1979.
Samsung
Electronics is in the forefront of Internet business in South Korea with the
largest Internet shopping mall, Internet broadcasting and on-line merchant
trading system in Korea. The subject now
has brought the business models in Internet from its parent company into the
Greater China.
In
1999, The subject made investment in AUNET.COM
(name
changed to iAasiaworks.com), a promising internet solution provider.
The
net sales of Samsung C&T Group were KRW 21,545,515 million and KRW
17,755,863 million for the year ended 31st December, 2011 and 2010
respectively, net incomes were KRW 402,041 million and KRW 485,633 million
for the year ended 31st December, 2011 and 2010 respectively.
For
the year ended 31st December, 2010, the net sales of the subject amounted to
KRW 1,533,772 million, net income amounted to
KRW
2,651 million. Business is profitable.
The
subject is fully supported by its holding company and ultimately by Samsung
Electronics Group. On the whole, in view
of the background and parentage of the subject, consider it good for normal
business engagements.
Court
case:-
|
Date |
Plaintiff |
Defendant |
Cause |
Amount |
|
May 1989 |
Manufer Inc. |
Samsung Moolsan
(H.K.) Ltd. [Now known as Samsung C&T Hongkong Ltd.] |
Damages |
Not stated |
|
June 1989 |
Perfecta Dyeing
Printing & Weaving Works Ltd. |
Samsung Moolsan
(H.K.) Ltd. [Now known as Samsung C&T Hongkong Ltd.] |
Goods Sold and
Delivered |
US$51,482 |
|
Oct. 1989 |
Strong &
Fisher Ltd. |
Samsung Moolsan
(H.K.) Ltd. [Now known as Samsung C&T Hongkong Ltd.] |
Amount due |
US$67,502 |
|
Feb. 1996 |
Dragon Crown
Investments Ltd. |
Samsung Hongkong
Ltd. [Now known as Samsung C&T Hongkong Ltd.] and other |
Amount due |
US$140,000 |
|
Nov. 1996 |
Reter Trading Ltd. |
Samsung Hongkong
Ltd. [Now known as Samsung C&T Hongkong Ltd.] |
Amount due |
HK$631,166 |
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.56.42 |
|
|
1 |
Rs.87.37 |
|
Euro |
1 |
Rs.69.95 |
INFORMATION DETAILS
|
Report Prepared
by : |
PDT |
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.