|
Report Date : |
21.06.2012 |
IDENTIFICATION DETAILS
|
Name : |
E LAND RETAIL LIMITED |
|
|
|
|
Registered Office : |
70-2, Jamwon-dong, Seocho-gu, |
|
|
|
|
Country : |
|
|
|
|
|
Financials (as on) : |
31.01.2012 |
|
|
|
|
Date of Incorporation : |
22.12.1978 |
|
|
|
|
Com. Reg. No.: |
114-81-01855 |
|
|
|
|
Legal Form : |
Co., Ltd by shares |
|
|
|
|
Line of Business : |
Retail |
|
|
|
|
No. of Employees : |
3,416 |
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 – March 31st, 2012
|
Country Name |
Previous Rating (31.12.2011) |
Current Rating (31.03.2012) |
|
|
A1 |
A1 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
|
Moderate |
B1 |
|
High |
B2 |
|
Very High |
C1 |
|
Restricted |
C2 |
|
Off-credit |
D |
|
Company
Name |
E LAND RETAIL LIMITED (Ex. Company Name :
NEW CORE CO., LTD., “(주)뉴코아”) (Korean Company Name : “(주)이랜드리테일”) |
|
Registered Address |
70-2, Jamwon-dong, Seocho-gu, |
|
Zip Code |
137-908 |
|
Tel |
+82-2-509-5000 |
|
Fax |
+82-2-509-6123~4 |
|
E-mail |
webmaster@newcore.co.kr |
|
Website |
www.newcore.co.kr |
|
Trading Address |
70-2, Jamwon-dong, Seocho-gu, |
|
Tel |
+82-2-509-5000 |
|
Fax |
+82-2-509-6123~4 |
|
Other Address |
7FL., E Land Bldg., 19-8, Changjeon-dong, Mapo-gu, |
|
Tel |
+82-2-323-0456 |
|
Fax |
+82-2-2214-9795 |
|
Other Address-Pyungchon Branch |
1039-3, Hogye-dong, Dongan-gu, Anyang-si, |
|
Tel |
+82-31-380-7777 |
|
Fax |
|
|
Other Address-Ilsan Branch |
797-2, Madu-dong, Ilsandong-gu, Goyang-si, |
|
Tel |
+82-31-900-5000 |
|
Other Address-Yatop Branch |
357-1, Yatap-dong, Bundang-gu,
Seongnam-si, |
|
Tel |
+82-31-780-3000 |
|
Other Address-Incheon Branch |
1465-1, Guwol-dong, Namdong-gu, |
|
Tel |
+82-32-430-5000 |
|
Other Address-Pyeongtaek Branch |
830, Bijeon 2-dong, Pyeongtaek-si, |
|
Tel |
+82-31-650-6000 |
|
Other Address- Sanbon Branch |
1231, Sanbon-dong, Gunpo-si, |
|
Tel |
+82-31-390-5000 |
|
Other Address-Dong |
1114-1, Ingye-dong, Paldal-gu, Suwon-si, |
|
Tel |
+82-31-231-6000 |
|
Other Address-Gwangmyeong Branch |
38, Haan 1-dong, Gwangmyeong-si, |
|
Tel |
+82-2-3397-2500 |
|
Other Address-Gwacheon Branch |
1-19, Byeoryang-dong, Gwacheon-si, |
|
Tel |
+82-2-509-5000 |
|
Other Address-Suncheon Branch |
San 89-8, Jorye-dong, Suncheon-si, |
|
Tel |
+82-61-720-5800 |
|
Other Address-Ulsan Branch |
1360-3, |
|
Tel |
+82-52-228-5000 |
|
Other Address-Goejeong Branch |
961-1, Goejeong 3-dong, Saha-gu, |
|
Tel |
+82-51-209-5000 |
|
Other Address-Changwon Branch |
30-1, Paryong-dong, Changwon-si, |
|
Tel |
+82-55-270-7000 |
|
Other Address-Ulsan Seongnam Branch |
249-1, Seongnam-dong, Jung-gu, |
|
Tel |
+82-52-210-5000 |
|
Other Address-Ansan Branch |
533, Gojan 2-dong, Danwon-gu, Ansan-si, |
|
Tel |
+82-31-8040-8500 |
|
Other Address-Pyungchon Branch |
1039-3, Hogye-dong, Dongan-gu, Anyang-si, |
|
Tel |
+82-31-380-7777 |
|
Other Address-Ilsan Branch |
797-2, Madu-dong, Ilsandong-gu, Goyang-si, |
|
Tel |
+82-31-900-5000 |
|
Other Address-Yatop Branch |
357-1, Yatap-dong, Bundang-gu,
Seongnam-si, |
|
Tel |
+82-31-780-3000 |
|
Other Address-Incheon Branch |
1465-1, Guwol-dong, Namdong-gu, |
|
Tel |
+82-32-430-5000 |
|
Other Address-Pyeongtaek Branch |
830, Bijeon 2-dong, Pyeongtaek-si, |
|
Tel |
+82-31-650-6000 |
|
Other Address- Sanbon Branch |
1231, Sanbon-dong, Gunpo-si, |
|
Tel |
+82-31-390-5000 |
|
Other Address-Dong |
1114-1, Ingye-dong, Paldal-gu, Suwon-si, |
|
Tel |
+82-31-231-6000 |
|
Other Address-Gwangmyeong Branch |
38, Haan 1-dong, Gwangmyeong-si, Gyeonggi-do, Korea |
|
Tel |
+82-2-3397-2500 |
|
Type |
Import/Export |
|
Industry |
Retail Sale in Other Non-Specialized Large Stores |
|
Main Business |
Department Store Operation Services, Retail Sail Large Stores |
|
Established (mm/dd/yyyy) |
12/22/1978 |
The Subject owns the
premises of registered HQ address, Pyeongtaek Branch and Suncheon Branch.
|
Activity |
Detailed Products (UNSPSC) |
|
Sell |
Distribution(80141700) |
|
Sell |
Domestic Appliances and Supplies and Consumer
Electronic Products(52000000) |
|
Sell |
Hotels(90111501) |
|
Name |
Yoon Yeo-Young |
|
Date of Birth |
01/12/1965 |
|
Title |
President & CEO |
|
Sex |
Male |
|
Nationality |
Korean |
|
Capital (KRW) |
163,745,905,000 |
||||||||||||||||||
|
Employees |
3,416 |
||||||||||||||||||
|
Formation |
Co., Ltd by shares A Company of E-LAND GROUP |
||||||||||||||||||
|
Bank Details |
Shinhan Bank Kookmin Bank Hana Bank Woori Bank-Seoul Station Branch SC First Bank of Korea-Shinbanpo Branch Korea Exchange Bank-Shinchon Branch |
||||||||||||||||||
|
Corporate Registered No. |
110111-0243800 |
||||||||||||||||||
|
Business Registered No. |
114-81-01855 |
||||||||||||||||||
|
Permit & Licenses |
Int’l Trade No.: 45189917 |
||||||||||||||||||
|
Shareholder Position |
|
||||||||||||||||||
|
Company History |
12/22/1978 Incorporated as HANSHIN EDUCATION
DEVELOPMENT CO., LTD. 01/1984 Changed company name to the present
name 12/03/1999 Approved of the Corporate
Clearing Procedure by Seoul District Court 12/30/2003 Approved of the Revised
Corporate Clearing Plan by Seoul District Court 06/15/2004 Completed the Corporate Clearing
Procedure 05/14/2008 The Subject and ELAND WORLD
LTD(110111-0365797) has signed the agreement to transfer the shares of ELAND
RETAIL LIMITED(120111-0402412) to SAMSUNG TESCO CO., LTD.(110111-1684037) 08/31/2009 Merged Distribution Business of E LAND WORLD CO., LTD., and
changed company name to the present name 05/2010 Acquired Distribution Business from HWASUNG INDUSTRIAL CO.,
LTD.(170111-0001131) |
||||||||||||||||||
|
|
|
|
Job Description |
Title |
Name |
Sex |
Nationality |
Date of Birth |
|
President
& CEO |
Mr. |
Yoon Yeo-Young |
Male |
Korean |
1965.01.12 |
|
Director |
Mr. |
Kim Il-Kyu |
Male |
Korean |
1958.02.20 |
|
Director |
Mr. |
Kim Bo-Gerl |
Male |
Korean |
1965.09.24 |
|
Director |
Mr. |
Lim Chae-Jeon |
Male |
Korean |
1966.01.15 |
|
Auditor |
Mr. |
Lee Kyu-Jin |
Male |
Korean |
1964.03.05 |
|
Year / Unit : KRW |
Sales |
Assets |
Net Income |
|
441,491,154,959 |
2,273,345,702,938 |
10,497,602,028 |
|
|
(*)2011 |
1,799,341,559,557 |
2,112,787,471,063 |
131,424,450,044 |
|
(*)2010 |
1,491,444,653,693 |
1,748,691,756,963 |
27,979,230,442 |
|
2009 |
932,497,282,696 |
1,282,178,566,007 |
31,336,087,894 |
|
2008 |
703,595,518,122 |
1,262,678,210,242 |
25,794,718,992 |
|
2007 |
730,352,722,854 |
934,709,048,822 |
(-)90,687,849,814 |
|
2006 |
739,045,661,802 |
1,031,015,762,482 |
8,075,106,034 |
|
2005 |
566,214,902,413 |
876,429,256,904 |
70,509,874,470 |
|
2004 |
407,862,877,754 |
986,261,890,640 |
94,984,691,880 |
|
2003 |
481,934,949,485 |
1,538,337,671,290 |
274,822,446,794 |
(*)03/2012, 2011 and 2010’s figures are based on the K-IFRS Accounting System.
|
Authorized Capital(KRW) |
500,000,000,000 |
|
Paid-Up Capital(KRW) |
163,745,905,000 |
|
Total Issues Shares |
35,949,181 (Common: 25,047,851 /
Preferable: 10,901,330) |
|
Unit :
Korean Won |
As of 01/31/2012 |
As of 12/31/2011 |
As of 12/31/2010 |
|
Total
Assets |
2,273,345,702,938 |
2,112,787,471,063 |
1,748,691,756,963 |
|
Current Assets |
689,371,979,664 |
532,320,352,813 |
400,670,188,327 |
|
Cash
& Cash Equivalents |
149,625,213,385 |
69,664,241,832 |
26,064,300,503 |
|
Current
Financial Instruments |
108,765,409,776 |
106,569,886,261 |
80,223,301,798 |
|
Other
Finance Assets |
81,078,925 |
124,344,312 |
- |
|
Marketable
Financial Instruments |
3,380,000 |
3,380,000 |
3,380,000 |
|
Trade
Receivables & Other Receivables |
157,407,772,986 |
101,835,169,658 |
116,543,134,647 |
|
Inventories |
241,142,643,659 |
222,304,334,773 |
158,859,384,336 |
|
Other
Current Assets |
32,346,480,933 |
31,818,995,977 |
18,976,687,043 |
|
Non-Current Assets(sold-to-be) |
- |
- |
8,400,000,000 |
|
Non-Current Assets |
1,583,973,723,274 |
1,580,467,118,250 |
1,339,621,568,636 |
|
Non-Current
Financial Instruments |
29,325,319,884 |
29,300,871,111 |
10,714,638,013 |
|
Other
Non-Current Financial Instruments |
1,665,560,000 |
1,665,560,000 |
1,665,560,000 |
|
Long-Term
Trade Receivables & Other Receivables |
127,900,580,177 |
124,951,920,071 |
99,528,547,339 |
|
Investment_Related
Companies |
190,519,213,004 |
190,519,213,004 |
225,630,038,164 |
|
Tangibles |
1,158,888,026,158 |
1,157,497,985,912 |
914,023,814,809 |
|
Intangibles |
9,272,236,381 |
9,484,670,259 |
13,672,194,590 |
|
Investment_Real
Estates |
25,612,547,740 |
25,670,686,138 |
29,743,701,147 |
|
Other
Non-Current Assets |
40,790,239,930 |
41,376,211,755 |
44,643,074,574 |
|
Total Liabilities |
1,593,285,118,956 |
1,425,346,229,105 |
1,386,011,617,141 |
|
Current Liabilities |
1,159,132,973,767 |
1,135,773,003,994 |
967,346,973,499 |
|
Trade
Payables & Other Payables |
488,223,251,634 |
375,388,908,947 |
324,232,183,906 |
|
Short-Term
Borrowings |
586,981,372,330 |
677,747,450,374 |
595,697,190,710 |
|
Accrued
Income Tax |
51,344,452,294 |
47,292,163,927 |
9,813,009,680 |
|
Current
Portion of Provisions |
8,453,951,357 |
8,523,708,976 |
8,872,648,204 |
|
Other
Finance Liabilities |
36,211,108 |
236,894,239 |
- |
|
Other Current Liabilities |
24,093,735,044 |
26,583,877,531 |
28,731,940,999 |
|
Non-Current Liabilities |
434,152,145,189 |
289,573,225,111 |
418,664,643,642 |
|
Long-Term
Trade Payables & Other Payables |
26,749,289,068 |
27,177,246,588 |
26,443,065,290 |
|
Long-Term
Borrowings |
379,852,444,445 |
230,785,063,289 |
370,671,802,252 |
|
Confirmed
Salaries |
4,516,863,418 |
7,150,517,894 |
5,123,952,829 |
|
Deferred
Income Tax Credit |
3,041,106,836 |
5,388,536,844 |
1,034,031,667 |
|
Other
Financial Debts |
590,950,094 |
590,950,094 |
792,280,685 |
|
Other
Non-Current Debts |
19,401,491,328 |
18,480,910,402 |
14,599,510,919 |
|
Capital Stock |
163,745,905,000 |
163,745,905,000 |
125,239,255,000 |
|
Capital
Surplus |
99,942,427,344 |
99,942,427,344 |
- |
|
Profit
Surplus |
387,231,324,843 |
394,611,982,819 |
278,844,660,648 |
|
Others |
29,140,926,795 |
29,140,926,795 |
-41,403,775,826 |
|
Total
Equity |
680,060,583,982 |
687,441,241,958 |
362,680,139,822 |
|
Liab.
& Shareholder’s Equity |
2,273,345,702,938 |
2,112,787,471,063 |
1,748,691,756,963 |
|
Unit : Korean Won |
As of 01/31/2012 |
As of 12/31/2011 |
As of 12/31/2010 |
|
Sales |
441,491,154,959 |
1,799,341,559,557 |
1,491,444,653,693 |
|
Cost of Sold Goods |
204,053,936,272 |
834,958,813,577 |
664,361,839,516 |
|
Gross Profit |
237,437,218,687 |
964,382,745,980 |
827,082,814,177 |
|
Selling & Admin. Expenses |
207,952,912,122 |
830,584,168,116 |
698,698,958,770 |
|
Other Operating Income |
2,596,851,500 |
158,022,383,801 |
6,111,592,127 |
|
Other Operating Expenses |
1,208,184,042 |
31,803,182,790 |
21,498,531,866 |
|
Operating Income |
30,872,974,023 |
260,017,778,875 |
112,996,915,668 |
|
Finance Income |
4,014,283,520 |
14,160,766,594 |
12,670,060,490 |
|
Finance Expenses |
22,492,787,368 |
81,230,840,899 |
82,908,526,693 |
|
Income Before Taxes |
12,394,470,175 |
192,947,704,570 |
42,758,449,465 |
|
Income Taxes Expenses |
1,896,868,147 |
61,523,254,526 |
14,779,219,023 |
|
Net Income |
10,497,602,028 |
131,424,450,044 |
27,979,230,442 |
|
Unit :
Korean Won |
As of 01/31/2012 |
As of 12/31/2011 |
As of 12/31/2010 |
|
Operating Activities Cash Flows |
100,423,724,196 |
195,985,045,275 |
139,359,823,872 |
|
Cash
Flows from Operating |
125,252,969,578 |
6,709,970,346 |
14,040,824,951 |
|
Interests
Received |
283,137,370 |
-77,283,612,368 |
-100,896,764,577 |
|
Interests
Paid |
-26,632,339,631 |
2,059,736,598 |
2,040,140,097 |
|
Dividends
Received |
1,711,966,667 |
-18,617,578,602 |
-7,974,114,078 |
|
Income
Taxes |
-192,009,788 |
108,853,561,249 |
46,569,910,265 |
|
Cash
Flows from Investing |
|
-96,020,263,582 |
-334,182,285,010 |
|
Cash
Flows from Financing |
-99,809,565,724 |
30,766,643,662 |
265,844,661,257 |
|
Increase/Decrease
in Cash |
79,960,971,553 |
43,599,941,329 |
-21,767,713,488 |
|
Cash
at the Beginning of Year |
69,664,241,832 |
26,064,300,503 |
47,832,013,991 |
|
Cash
at the End of Year |
149,625,213,385 |
69,664,241,832 |
26,064,300,503 |
|
Main Products & Services |
Department Store Operation Services, Retail Sail Large Stores, Outlet
Operation, Hotel Operation Brand Name : Kim’s Club, NewCore Outlet, NC
Department Store |
|
Competitors |
SHINSEGAE CO., LTD. 52-5, CHUNGMURO 1-GA, JUNG-GU, SEOUL, KOREA TEL:+82-2-727-1234 FAX:+82-2-727-1189 SHINSEGAE MART CO., LTD. 7TH FL., KUKDONG BLDG., 60-1, CHUNGMURO
3-GA, JUNG-GU, SEOUL, KOREA TEL:+82-2-3468-1234 FAX:+82-2-3468-1049 COSTCO WHOLESALE KOREA INC. COSTCO KOREA BLDG., 65, YANGPYEONGDONG
3-GA, YEONGDEUNGPO-GU, SEOUL, KOREA TEL:+82-2-2679-1234 FAX:+82-2-2630-2633 |
(Subsidiaries,
Joint-Venture & Affiliates)
|
Affiliates |
E-LAND CO., LTD.(110111-0536859) NETISHION.COM CO., LTD.(110111-0409858) DECO CO., LTD.(110111-0242985) C&C MOKSAN CO., LTD.(110111-3894999) GLOBAL SPORTS CO., LTD.(110111-2111386) E-LAND WORLD CO., LTD.(110111-0365797) E-LAND DEVELOPMENT CO.,
LTD.(110111-0841688) LEAD CO., LTD.(110111-0723555) E-LAND SYSTEMS CO., LTD.(110111-0747224) FRANCIA CO., LTD.(120111-0101733) LEADON CO., LTD.(110111-2999352) WINE CASTLE CO., LTD.(134211-0080103) E-SERBIZ CO., LTD.(110111-3656688) FREMONT CO., LTD.(110111-3683251) ELAND CHINA FASHION DESIGN CO., LTD.(110111-3814020) E-LAND FOUNDATION(114222-0005912) KIMS CLUB MART CO., LTD.(110111-0167498) (98.68% held by the subject company) E-LAND LEISURVICE CO., LTD.(144411-0000098) (61.42% held by the subject company) |
|
Subsidiary |
KIMS CLUB MART CO., LTD. (66.71% held by the subject company) ELAND RETAIL LIMITED(120111-0402412) (33.16% held by the subject company) E-LAND LEISURVICE CO., LTD.(144411-0000098) (98.01% held by the subject company) |
|
Corporate Ownership |
ELAND WORLD LTD.(110111-0365797) |
|
Major Shareholders |
ELAND WORLD LTD.(110111-0365797) |
|
Cooperative Enterprise |
-Insured Company DONGBU INSURANCE CO., LTD.(110111-0095285) SAMSUNG LIFE INSURANCE CO., LTD.(110111-0005953) |
(Activity & Markets)
|
Sales/ Unit :Mil KRW |
2011 |
2010 |
2009 |
|
Export |
- |
- |
- |
|
Domestic |
1,689,270 |
1,502,002 |
867,972 |
|
Others |
110,071 |
98,948 |
64,525 |
|
Total |
1,799,342 |
1,491,445 |
932,497 |
Not Available.
|
Case No. |
Court |
Plaintiff(s)/
Creditor(s)/ Applicant(s) |
Defendant(s)/
Debtor(s)/ Respondent(s) |
Cause |
Amount (Thousand KRW) |
Status |
|
|
Supreme Court |
The Subject Company |
Sannaedeol Meat Products Co., Ltd. |
Claim for Promisary Notes |
265,834 |
3rd Round Proceeding |
|
|
Seoul High Court |
The Subject Company |
Ku Sa-Ju & Others(4) |
Claim for Damages |
238,600 |
2nd Round Proceeding |
|
|
Seoul Central District Court |
The Subject Company |
SAMSUNG CARD CO., LTD & Others(5) |
Claim for Loan |
500,000 |
1st Round Proceeding |
|
|
Seoul Seobu District Court |
The Subject Company |
Labour Union & Others(12) |
Claim for Damages |
500,000 |
1st Round Proceeding |
|
|
Seoul Central District Court |
The Subject Company |
Ye Jae-Ho |
Claim for Damages |
437,700 |
1st Round Proceeding |
|
|
Seoul Central District Court |
The Subject Company |
Pentagon City |
Claim for Agreed Amount |
120,000 |
1st Round Proceeding |
|
|
Seoul Central District Court |
The Subject Company |
Song Chi-Hoon |
Auction |
300,000 |
1st Round Proceeding |
|
|
Supreme Court |
New Town Construction Co., Ltd. |
The Subject Company |
Executing the Clearing Debts |
1,278,710 |
3rd Round Proceeding |
|
|
Daegu District Court |
Daemin Chimjang Co., Ltd. |
The Subject Company |
Claim for Damages |
619,419 |
1st Round Proceeding |
|
|
Seoul High Court |
Jung Jung-Ja |
The Subject Company |
Claim for Paid Amount |
220,386 |
2nd Round Proceeding |
|
|
Seoul High Court |
New Town Construction Co., Ltd. |
The Subject Company |
Claim for Damages |
23,327,466 |
2nd Round Proceeding |
|
|
Seoul Central District Court |
Burberry |
The Subject Company |
Infringement on the Trade Mark |
200,000 |
1st Round Proceeding |
|
|
Suwon District Court |
HiCHEM co., Ltd. |
The Subject Company |
Refund of Inappropriate Amount |
98,970 |
1st Round Proceeding |
|
|
Seoul Central District Court |
Representative of Gonjiam |
The Subject Company |
Claim for Repairing |
101,000 |
1st Round Proceeding |
|
|
Seoul Central District Court |
O.N. CO., LTD. |
The Subject Company |
Refund on contractual money |
4,000,000 |
1st Round Proceeding |
|
|
Changwon District Court |
Choi Gwui-Ja |
The Subject Company |
Transferring the buildings |
489 |
1st Round Proceeding |
|
|
Incheon District Court |
HYUNDAI MARINE & FIRE INSURANCE CO., LTD.(110111-0035893) |
The Subject Company |
Claim for Compensation |
115,396 |
1st Round Proceeding |
|
|
Changwon District Court |
Jung Yeon-Ok & Others(1) |
The Subject Company |
Transferring the buildings |
1,002 |
1st Round Proceeding |
|
|
Seoul Central District Court |
Hyundae Construction Machinery Co., Ltd. |
The Subject Company |
Claim for Loans |
402,500 |
1st Round Proceeding |
|
|
Seoul Central District Court |
In Line Co., Ltd. |
The Subject Company |
Transferring the co-equity right |
6,866,864 |
1st Round Proceeding |
|
|
Incheon District Court |
Daum Co., Ltd. |
The Subject Company |
Claim for Compensation |
17,673 |
1st Round Proceeding |
|
|
Seoul Central District Court |
Edwin Co., Ltd. |
The Subject Company |
Claim for Collected Money |
25,018 |
1st Round Proceeding |
|
|
Seoul Central District Court |
Kim Jae-Sung |
The Subject Company |
Claim for Damages |
35,200 |
1st Round Proceeding |
|
|
Seoul Central District Court |
Sihopecs Co., Ltd. & Others(1) |
The Subject Company |
- |
10,490 |
1st Round Proceeding |
|
|
Suwon District Court |
Ye Jae-Ho |
The Subject Company |
Provisional Disposition |
- |
1st Round Proceeding |
--
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.55.86 |
|
|
1 |
Rs.87.93 |
|
Euro |
1 |
Rs.70.88 |
INFORMATION DETAILS
|
Report Prepared
by : |
PRL |
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.