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Report Date : |
12.05.2012 |
IDENTIFICATION DETAILS
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Name : |
BRANCH OF VICTORY JOINT STOCK COMPANY |
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Registered Office : |
Rm.1410, The Garden Bld., Me |
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Country : |
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Date of Incorporation : |
29.11.2010 |
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Com. Reg. No.: |
5300349217-001 |
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Legal Form : |
Branch |
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Line of Business : |
Trading chemicals |
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No. of Employees : |
05 |
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 : |
Unknown |
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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
|
Country Name |
Previous Rating (31.12.2011) |
Current Rating (31.03.2012) |
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B1 |
B1 |
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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 |
Current legal status
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Translated English Name |
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BRANCH OF VICTORY JOINT STOCK COMPANY |
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Vietnamese Name |
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CHI NHANH CONG TY CO PHAN VICTORY |
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Type of Business |
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Branch |
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Year Established |
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2010 |
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Business Registration No. |
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5300349217-001 |
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Date of Registration |
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29 Nov 2010 |
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Place of Registration |
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Planning and Investment Department of Ha |
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Registered Capital |
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N/A |
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Tax code |
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5300349217-001 |
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Total Employees |
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5 |
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Size |
|
Small |
Note: As a branch, the subject does not registerer capital.
Historical Identification
& Legal form
|
List |
Changed Items |
Date of changes |
|
1 |
Subject has got former Address: Rm.1404,
The Garden Bld., Me Tri Road Me Tri Commune Changed to: Rm.1410, The Garden Bld., Me |
2010
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Head Office |
||
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Address |
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Rm.1410, The Garden Bld., Me |
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Telephone |
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(84-4) 3787 7680/81/82 |
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Fax |
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(84-4) 3787 7494 |
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VICTORY JOINT
STOCK COMPANY |
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Business Registration |
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5300349217 |
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Date of Registration |
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20 Jan 2010 |
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Place of Registration |
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Lao Cai Department of Planning and Investment |
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Registered Capital |
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4,800,000,000 |
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Tax code |
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5300349217 |
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Address |
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No. 075, Tue Tinh Str Kim Tan Ward, |
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Tel |
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+84-20-386 689 |
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Fax |
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+84-20-386 689 |
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1.
NAME |
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Mr.
TA |
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Position |
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Branch Director |
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Date of Birth |
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18 Apr 1971 |
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ID Number/Passport |
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011637031 |
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ID Issue Date |
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07 Jul 1997 |
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Ha Noi Police Station
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Resident |
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No.12/189, Khuong
Thuong, Khuong Thuong Ward, Dong Da District, Ha Noi City, Vietnam |
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Current resident |
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No.12/189, Khuong Thuong, Khuong Thuong
Ward, Dong Da District, Ha |
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Nationality |
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Vietnamese |
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Tel/Mobil phone |
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++84 913230888 |
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Qualification |
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Management |
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2.
NAME |
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Mr.
PHAN VAN HAI |
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Position |
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Branch Deputy Director |
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Tel/Mobil phone |
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+84 982 807 568/ 977 859 675 |
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Email |
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- Trading chemicals
- Exporting yellow phosphorus
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IMPORT: |
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·
Types of products |
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Chemicals |
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·
Market |
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·
Ratio |
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T/T, L/C |
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EXPORT: |
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·
Types of products |
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Yellow phosphorus |
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·
Market |
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·
Mode of payment |
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T/T, L/C |
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1.
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||
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Address |
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No.70-72 Ba Trieu, Hoan Kiem District, Ha |
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Telephone |
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(84-4) 3944 6368 |
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Fax |
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(84-4) 3944 6362 |
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1.
NAME |
|
VICTORY
JOINT STOCK COMPANY |
|
Business Registration |
|
5300349217 |
|
Date of Registration |
|
20 Jan 2010 |
|
Place of Registration |
|
Lao Cai Department of Planning and Investment |
|
Registered Capital |
|
4,800,000,000 |
|
Tax code |
|
5300349217 |
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Address |
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No. 075, Tue Tinh Str Kim Tan Ward, |
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Tel |
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+84-20-386 689 |
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Fax |
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+84-20-386 689 |
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Percentage |
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100% |
As a branch, it does not have separated financial statement.
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Trade Morality |
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Liquidity |
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N/A |
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Payment status |
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N/A |
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Financial Situation |
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Below Average |
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Development trend |
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Positive |
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Litigation data |
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No Record |
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Bankruptcy |
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No Record |
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Payment Methods |
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T/T, L/C |
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Wholesaler |
CREDIT INQUIRY:
We don’t have enough information about the financial
situation of the subject to give the suggestion on the maximum credit limit.
|
The
subject was established in 2010. Currently, the subject is operating under
the business registration No. 5300349217-001, same as the tax code. As a
branch, the subject does not register independent capital in legal form. Formerly,
subject’s head office was located at Rm.1404, The Garden Bld., Me Tri Road Me
Tri Commune. In last 2010 it office was moved to Rm 1410 at the same
building, with 5 staffs. The
subject focuses on exporting chemicals for foreign markets as As
a branch, the subject does not make independent financial statements.
According to Mr. Hai, deputy director, its exporting revenue of the subject
in 2011 is USD 21 million. He also revealed that the subject has afforded to
meet large value contracts, about NDT 3 million. In
conclusion, thanks for support of parent company, the subject is operating
stably and rather busy. As a young enterprise, with small business scale, It
can satisfy the small financial commitments. |
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INDUSTRY DATA |
||||||
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Industry code |
Growth speed by
price compared with 1994 (%) |
Total
enterprises 2009 |
Total employees
2010 (Thous.pers.) |
Annual average
capital of enterprises 2009 (billion dongs) |
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|
2011 |
2010 |
|||||
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Agriculture,
Forestry and Fishing |
4.00 |
2.78 |
8,749 |
23,896.3 |
81,559 |
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Industry and
Construction |
5.53 |
7.70 |
85,115 |
10,630 |
2,751,975 |
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Trade and
Services |
6.69 |
7.52 |
154,978 |
14,522 |
4,939,069 |
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ECONOMIC
INDICATORS |
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2011 |
2010 |
2009 |
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Population (Million person) |
87.84 |
86.93 |
86.02 |
|||
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Gross Domestic Products (USD
billion) |
119 |
102.2 |
91 |
|||
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GDP Growth (%) |
5.89 |
6.78 |
5.32 |
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GDP Per Capita (USD/person/year) |
1,300 |
1,160 |
1,080 |
|||
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Inflation (% Change in
Composite CPI) |
18.58 |
11.75 |
6.88 |
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State Budget Deficit compared
with GDP (%) |
4.9 |
5.8 |
6.9 |
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SERVICE TRADE
PERFORMANCE |
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Billion USD |
2011 |
2010 |
2009 |
|||
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Exports |
96.3 |
72.2 |
57.1 |
|||
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Imports |
105.8 |
84.8 |
69.9 |
|||
|
Trade Balance |
-9.5 |
-12.6 |
-12.8 |
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Source: General
Statistics Office
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.53.64 |
|
|
1 |
Rs.86.42 |
|
Euro |
1 |
Rs.69.29 |
INFORMATION DETAILS
|
Report Prepared
by : |
MNL |
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 |
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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 |
|
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.