|
Report Date : |
16.11.2012 |
IDENTIFICATION DETAILS
|
Name : |
ONESTEEL RECYCLING HONG
KONG LTD. |
|
|
|
|
Registered Office : |
Room 2003 & 2005,
20/F., Yat Chau International Plaza, 118 Connaught Road West, Sai Ying Pun,
Hong Kong. |
|
|
|
|
Country : |
|
|
|
|
|
Date of Incorporation : |
13.06.2003 |
|
|
|
|
Com. Reg. No.: |
33692228 |
|
|
|
|
Legal Form : |
Private Limited Company |
|
|
|
|
Line of Business : |
Importer, Exporter and Wholesaler of All kinds of metal scraps |
|
|
|
|
No. of Employees : |
20 |
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 : |
Good |
|
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 – June 30th, 2012
|
Country Name |
Previous Rating (31.03.2012) |
Current Rating (30.06.2012) |
|
Hong Kong |
A2 |
A2 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
|
Moderate |
B1 |
|
High |
B2 |
|
Very High |
C1 |
|
Restricted |
C2 |
|
Off-credit |
D |
Hong Kong - ECONOMIC OVERVIEW
Hong Kong has a free market economy, highly dependent on international trade and finance - the value of goods and services trade, including the sizable share of re-exports, is about four times GDP. Hong Kong's open economy left it exposed to the global economic slowdown that began in 2008. Although increasing integration with China, through trade, tourism, and financial links, helped it to make an initial recovery more quickly than many observers anticipated, it again faces a possible slowdown as exports to the Euro zone and US slump. The Hong Kong government is promoting the Special Administrative Region (SAR) as the site for Chinese renminbi (RMB) internationalization. Hong Kong residents are allowed to establish RMB-denominated savings accounts; RMB-denominated corporate and Chinese government bonds have been issued in Hong Kong; and RMB trade settlement is allowed. The territory far exceeded the RMB conversion quota set by Beijing for trade settlements in 2010 due to the growth of earnings from exports to the mainland. RMB deposits grew to roughly 7.8% of total system deposits in Hong Kong by the end of 2011, an increase of over 59% since the beginning of the year. The government is pursuing efforts to introduce additional use of RMB in Hong Kong financial markets and is seeking to expand the RMB quota. The mainland has long been Hong Kong's largest trading partner, accounting for about half of Hong Kong's exports by value. Hong Kong's natural resources are limited, and food and raw materials must be imported. As a result of China's easing of travel restrictions, the number of mainland tourists to the territory has surged from 4.5 million in 2001 to 28 million in 2011, outnumbering visitors from all other countries combined. Hong Kong has also established itself as the premier stock market for Chinese firms seeking to list abroad. In 2011 mainland Chinese companies constituted about 43% of the firms listed on the Hong Kong Stock Exchange and accounted for about 56% of the Exchange's market capitalization. During the past decade, as Hong Kong's manufacturing industry moved to the mainland, its service industry has grown rapidly. Growth slowed to 5% in 2011. Credit expansion and tight housing supply conditions caused Hong Kong property prices to rise rapidly in 2010 and inflation to rise 5.3% in 2011. Lower and middle income segments of the population are increasingly unable to afford adequate housing. Hong Kong continues to link its currency closely to the US dollar, maintaining an arrangement established in 1983.
|
Source : CIA |
ONESTEEL RECYCLING
HONG KONG LTD.
Room 2003 &
2005, 20/F., Yat Chau International Plaza, 118 Connaught Road West, Sai Ying
Pun, Hong Kong.
PHONE: 2517 0920
FAX: 2583 9659
E-MAIL: info@onesteelasia.com
Managing
Director: Mr. Greg Bradley Armstrong
Incorporated on: 13th June, 2003.
Organization: Private Limited Company.
Capital: Nominal: HK$10,000.00
Issued: HK$100.00
Business Category: Importer, Exporter and Wholesaler.
Group Sales Revenue: A$7,594.5 million (Year ended 30-06-2012)
Employees: 20.
Group Employees: 11,007. (As at 30-06-2012)
Main Dealing Banker: Australia & New Zealand Banking Group Ltd., Hong Kong Branch.
Banking Relation: Good.
ONESTEEL
RECYCLING HONG KONG
LTD.
Registered
Head Office:-
Room 2003 & 2005,
20/F., Yat Chau International Plaza, 118 Connaught Road West, Sai Ying Pun,
Hong Kong.
Holding
Company:-
OneSteel Recycling
Asia Ltd., Hong Kong. (Same address)
Ultimate
Holding Company:-
Arrium Ltd.,
Australia.
[Formerly Known as
OneSteel Ltd.]
Associated/Affiliated
Companies:-
Arrium Group of Companies
A.B. Metal Pty. Ltd., Australia.
A.C.N. 006 769 035 Pty Ltd., Australia.
A.T. Pty Ltd., Australia.
Akkord Pty. Ltd., Australia.
AktaSteel Ltd., Canada.
Alta Steel Chile S.A., Chile.
ANI Australia Pty. Ltd., Australia.
ANI Construction (W.A.) Pty Ltd., Australia.
ANI Finance (UK) Ltd., UK.
ANI Mineral Processing LLC., USA.
ANI Mining Services Pty. Ltd., Australia.
ANI Monosteel Pty. Ltd., Australia.
ANI Xatal Pty Ltd., Australia.
Aquila Steel Co. Pty. Ltd., Australia.
Arnall’s Engineering Pty. Ltd., Australia.
Arrium Finance Pty. Ltd., Australia.
Arrium Iron Ore Holdings Pty Ltd., Australia.
Ashland Investments Pty Ltd., Australia.
Atlas Group Employees Superannuation Fund Pty. Ltd., Australia.
Atlas Group Staff Superannuation Fond Pty. Ltd., Australia.
Austral Steel Holdings Pty Ltd., Australia.
Australian National Industries Pty. Ltd., Australia.
Australian Tube Mills Pty. Ltd., Australia.
Australian Wire Industries Pty. Ltd., Australia.
AWI Holdings Pty. Ltd., Australia.
B.G.J. Holdings Proprietary Ltd., Australia.
Banana Coast Recyclers Pty. Ltd., Australia.
Bradken Consolidated Pty. Ltd., Australia.
Central Iron Pty Ltd., Australia.
Certified Roofing Specialists Ltd., New Zealand.
Cockatoo Dockyard Pty Ltd., Australia.
Commonwealth Steel Co. Pty. Ltd., Australia.
Comsteel Pty. Ltd., Australia.
Coober Pedy Resourced Pty Ltd., Australia.
Dabe Taylor Holdings Proprietary Ltd., Australia.
David Crozier Ltd., New Zealand.
E. & G. Products Pty. Ltd., Australia.
E. & G. Steel Pty. Ltd., Australia.
Eagle & Globe Pty. Ltd., Australia.
Email Accumulation Superannuation Pty. Ltd., Australia.
Email Executive Superannuation Pty. Ltd., Australia.
Email Holdings Pty. Ltd., Australia.
Email Management Superannuation Pty. Ltd., Australia.
Email Metals Pty. Ltd., Australia.
Email Pty. Ltd., Australia.
Email Superannuation Pty. Ltd., Australia.
EMCO Group Ltd., New Zealand.
EMCO Group Superannuation Ltd., New Zealand.
Emwest Holdings Pty. Ltd., Australia.
Emwest Properties Pty. Ltd., Australia.
Fagersta Australia Pty. Ltd., Australia.
Fagersta Steels Pty. Ltd., Australia.
GCG (JB) Sdn. Bhd., Malaysia.
GSF Management Pty. Ltd., Australia.
GST Philippines Inc., Philippines.
Helix Cables International Pty. Ltd., Australia.
HP Metal Recycling (HK) Ltd., Hong Kong.
HP Metal Recycling Inc., Philippines.
HPR Industrial (JB) Sdn Bhd., Malaysia.
Inversiones Moly-Cop S.A., Chile.
Investment Acceptance Pty. Ltd., Australia.
J Murray-More (Holdings) Pty. Ltd., Australia.
John McGrath (QP) Pty. Ltd., Australia.
John McGrath Pty. Ltd., Australia.
Kelvinator Australia Pty. Ltd., Australia.
Linstar Holdings Sdn. Bhd., Malaysia.
Litesteel Products Pty. Ltd., Australia.
Litesteel Technologies America LLC., US.
Litesteel Technologies Pty. Ltd., Australia.
M.I Steel (Tas) Pty. Ltd., Australia.
M.I. Steel (N.S.W.) Pty. Ltd., Australia.
M.I. Steel (Qld) Pty. Ltd., Australia.
M.I. Steel (Sydney) Pty. Ltd., Australia.
M.I. Steel (Vic) Pty. Ltd., Australia.
Maple Leaf Metals (A Partnership), Canada.
M-Asia Enterprise (KL) Sdn. Bhd., Malaysia.
Metais Properties Pty. Ltd., Australia.
Metalstores Pty Ltd., Australia.
Metpol Pty Ltd., Australia.
Mittagong Engineering Pty Ltd., Australia.
Moly-Cop Adesur S.A., Peru.
Moly-Cop Canada (A Partnership), Canada.
Moly-Cop Group, Luxembourg.
Moly-Cop Mexico S.A. de C.V., Mixico.
Moly-Cop Peru S.A.C., Peru.
Moly-Cop Steel Inc., Canada.
Moly-Cop USA LLC., US.
Moly-Cop Chile S.A., Chile.
N. K. S. (Holdings) Proprietary Ltd., Australia.
National Valve & Engineering Co. Proprietary Ltd., Australia.
Northern Service Supplies Pty. Ltd., Australia.
NZMC Ltd., New Zealand.
O Dee Gee Co. Pty. Ltd., Australia.
OneSteel Americas Holdings Pty. Ltd., Australia.
OneSteel Asia Ltd., Hong Kong.
OneSteel Australian Tube Mills Pty. Ltd., Australia.
OneSteel Building Supplies Pty. Ltd., Australia.
OneSteel Coil Coaters Pty. Ltd., Australia.
OneSteel Group (US Holdings) Inc., USA.
OneSteel Insurance Pte. Ltd., Singapore.
OneSteel Investments Pty. Ltd., Australia.
OneSteel Manufacturing Pty. Ltd., Australia.
OneSteel MBS Pty. Ltd., Australia.
OneSteel NSW Pty. Ltd., Australia.
OneSteel NZ Holdings Ltd., New Zealand.
OneSteel NZ Ltd., New Zealand.
OneSteel Queensland Pty. Ltd., Australia.
OneSteel Recycling (Fiji) Ltd., Fiji.
OneSteel Recycling (PNG) Ltd., PNG.
OneSteel Recycling Holdings Pty. Ltd., Australia.
OneSteel Recycling Inc., USA.
OneSteel Recycling NZ Ltd., New Zealand.
OneSteel Recycling Overseas Pty. Ltd., Australia.
OneSteel Recycling Pty. Ltd., Australia.
OneSteel Reinforcing Pty. Ltd., Australia.
OneSteel Technologies Pty. Ltd., USA.
OneSteel Trading Pty. Ltd., Australia.
OneSteel UK Holdings Ltd., U.K.
OneSteel US Investments 1 Pty. Ltd., Australia.
OneSteel US Investments 2 Pty. Ltd., Australia.
OneSteel US Investments, US.
OneSteel Victoria Pty. Ltd., Australia.
OneSteel Wire Pty. Ltd., Australia.
Overseas Corporation (Australia) Pty. Ltd., Australia.
P & T Tube Mills Pty. Ltd., Australia.
Palmer Tube Mills (NZ) Ltd., New Zealand.
Palmer Tube Mills Pty. Ltd., Australia.
Pipeline Supplies of Australia Pty. Ltd., Australia.
PT Commonwealth Steel Indonesia, Indonesia.
QMR Inc., Philippines.
Reosteel Pty. Ltd., Australia.
Roentgen Ray Pty. Ltd., Australia.
Servicios Moly-Cop S.A de C.V., Mexico.
Somerville Rehabilitation Services Pty. Ltd., Australia.
Southern Iron Pty. Ltd., Australia.
SSG Investments Pty. Ltd., Australia.
SSG No.2 Pty. Ltd., Australia.
SSG No.3 Pty. Ltd., Australia.
SSGL Share Plan Nominees Pty. Ltd., Australia.
SSX Pty. Ltd., Australia.
SSX Acquisitions Pty. Ltd., Australia.
SSX Employees Superannuation Fund Pty. Ltd., Australia.
SSX Holdings Pty. Ltd., Australia.
SSX International Pty. Ltd., Australia.
SSX Recycling New Zealand Pty. Ltd., Australia.
SSX Retirement Fund Pty. Ltd., Australia.
SSX Services Pty. Ltd., Australia.
SSX Singapore Pte. Ltd., Singapore.
SSX Staff Superannuation Fund Pty. Ltd., Australia.
Steel & Tube Holdings Ltd., New Zealand.
Steel & Tube New Zealand Ltd., New Zealand.
Steelmark Properties Pty. Ltd., Australia.
Stube Industries Ltd., New Zealand.
Tasco Superannuation Management Pty. Ltd., Australia.
Thai Metal Recycling Ltd., Thailand.
The ANI Corporation Pty. Ltd., Australia.
The Australian Steel Co. (Operations) Pty. Ltd., Australia.
Titan Mining & Engineering Pty. Ltd., Australia.
TMR Loha Holdings Ltd., Thailand.
Tube Estates Pty. Ltd., Australia.
Tube Street Pty. Ltd., Australia.
Tube Technology Pty. Ltd., Australia.
Tubemakers of Australia Pty. Ltd., Australia.
Tubemakers Somerton Pty. Ltd., Australia.
W.A. Mining Engineering Services Pty. Ltd., Australia.
Wembley Insurance Pte Ltd., Singapore.
Western Consolidated Industries Pty. Ltd., Australia.
Whyalla Ports Pty. Ltd., Australia.
X.C. H. Pty., Australia.
X.C.E. Pty. Ltd., Australia.
X.D.I.R. Pty. Ltd., Australia.
X.M.A.L. Pty. Ltd., Australia.
X.P. Pty., Australia.
XEM (Aust) Pty. Ltd., Australia.
XLA Pty. Ltd., Australia.
XLL Pty. Ltd., Australia.
XMS Holdings Pty. Ltd., Australia.
Zinctek Pty. Ltd., Australia.
etc.
33692228
0849675
Director
& Chief Executive (Recycling): Mr.
Gregory Allan Waters
Managing
Director: Mr. Greg Bradley Armstrong
Nominal Share
Capital: HK$10,000.00 (Divided into 10,000 shares of HK$1.00 each)
Issued Share
Capital: HK$100.00
(As per registry dated 13-06-2012)
|
Name |
|
No.
of shares |
|
HP
Metal Recycling (HK) Ltd., Hong Kong. |
|
1 |
|
OneSteel Recycling Asia Ltd., Hong Kong. |
|
99 |
|
|
|
––– |
|
|
Total: |
100 === |
(As per registry dated 13-06-2012)
|
Name (Nationality) |
Address |
|
Greg Bradley
ARMSTRONG |
Apartment 34A, Birchwood Place, 96 MacDonnell
Road, Mid Levels, Hong Kong. |
|
Ronald Arthur
MOLLOY |
7 Emma Street, Leichhardt, NSW 2040,
Australia. |
|
Geoffrey
Doyd Alexander FEURTADO |
3 Seymour Close, Wahroonga, New South
Wales, Australia 2076. |
(As per registry dated 13-06-2012)
|
Name |
Address |
Co.
No. |
|
B.
& McK. Nominees Ltd. |
1401,14/F., Hutchison House, 10
Harcourt Road, Hong Kong. |
0054552 |
The
subject was incorporated on 13th June, 2003 as a private limited liability company
under the Hong Kong Companies Ordinance.
Originally
the subject was registered under the name of Smorgon Hartwell Recycling (HK)
Ltd., name changed to the present style on 9th May, 2008.
Apart
from these, neither material change nor amendment has been ever traced and
noted.
Activities: Importer, Exporter and Wholesaler.
Lines: All kinds of metal scraps.
Employees: 20.
Group Employees: 11,007. (As at 30-06-2012)
Commodities Imported: India, other Asian countries, etc.
Markets: China, Japan, other Asian countries, Middle East, North America, Western Europe, etc.
Group Sales Revenue: A$4,300.6 million (Year ended 30-06-2007)
A$7,434.3
million (Year ended 30-06-2008)
A$7,241.5
million (Year ended 30-06-2009)
A$6,204.6 million (Year ended 30-06-2010)
A$7,133.0
million (Year ended 30-06-2011)
A$7,594.5
million (Year ended 30-06-2012)
Terms/Sales: L/C or as per contracted.
Terms/Buying: L/C, T/T, etc.
Nominal Share Capital: HK$10,000.00 (Divided into 10,000 shares of HK$1.00 each)
Issued Share Capital: HK$100.00
Group Net Profit/(Loss) After Tax:-
A$207.0 million (Year ended 30-06-2007)
A$244.9 million (Year ended 30-06-2008)
A$229.5 million (Year ended 30-06-2009)
A$258.4 million (Year ended 30-06-2010)
A$230.3 million (Year ended 30-06-2011)
A$ 57.7 million (Year ended 30-06-2012)
Profit or Loss: Group business is profitable.
Condition: Keeping in a satisfactory condition.
Facilities: Making rather active use of general banking facilities.
Payment: Met trade commitments as contracted.
Commercial Morality: Satisfactory.
Banker: Australia & New Zealand Banking Group Ltd., Hong Kong Branch.
Standing: Normal.
OneSteel
Recycling Hong Kong Ltd. is a wholly-owned subsidiary of OneSteel Recycling
Asia Ltd., a Hong Kong-registered firm located at the operating address of the
subject. The ultimate holding company of
the subject Arrium Ltd. [Arrium] (formerly known as OneSteel Ltd. [OneSteel])
is an Australia-based and listed firm.
The
subject belongs to the Recycling Segment of the Arrium Group. It is responsible for the recycling of scrap
metals, zinc, aluminium, ferrous and non-ferrous metals, etc. Commodities are provided to the subject’s
affiliated mills in Australia and other countries of the world for
processing. The subject has set up
several scrap metal collecting centres in Hong Kong. In Fanling, New Territories, the subject has
had a recycling centre which is operated by HP Metal Recycling (HK) Ltd. which
is a Hong Kong-based firm.
Arrium
is a fully integrated, global manufacturer and distributor of steel and
finished steel products, self-sufficient in both iron ore and scrap metal, with
revenues in excess of A$6 billion.
Arrium’s major manufacturing facilities are located in Whyalla, South
Australia, Melbourne, Victoria, Western Sydney and Newcastle, New South
Wales and Brisbane, Queensland. Smaller
manufacturing and distribution facilities are located throughout regional
Australia.
Additionally,
Arrium has more than 40 operating facilities overseas in North and South
America, New Zealand and Asia.
During
the year of FY2011, Arrium acquired and integrated the Moly-Cop Group mining
consumables businesses in the Americas.
This represented another significant milestone in Arrium’s long-term
growth strategy and transformation. The
acquisition positions Arrium as a global player in grinding media with
participation in some of the world’s largest and most attractive mining
consumables markets, as well as providing Arrium with a solid platform for
further growth in mining consumables.
Following
completion of the acquisition at the end of 2010, Arrium established a new
Mining Consumables segment.
In
total, Arrium services more than 30,000 customers, offers more than 40,000
products globally and employs over 11,007 people.
Arrium
manufactures and distributes structural, rail, rod, merchant bar, cold finished
bar, chrome plated bar, reinforcing, wire, tube, pipes, fittings, valves and
actuation, rail wheels and axles, steel beam, grinding media and recycled
metals. The majority of Arrium’s
products are used in the construction, manufacturing, housing, mining and
agricultural industries.
Arrium
is an integrated, global manufacturer and distributor of steel and finished
steel products. It is self sufficient in
iron ore and has the ability to be self sufficient in scrap metal, providing
significant flexibility to the integrated model that ranges from the mining,
collection and supply of steel making raw materials through to steel
production, manufacturing and distribution in Australia and overseas. Arrium also makes external sales of hematite
iron ore and scrap metal.
Arrium’s
business segments include:-
·
Arrium Mining — Mining and sales of iron ore and by
products;
·
Arrium Mining Consumables; &
·
OneSteel Steel & Recycling — Collection and
sales of ferrous and non-ferrous metals for internal use and external sales.
Arrium
Mining currently exports approximately six million tonnes of hematite ore to
China per annum from its Middleback Ranges mining operation in South
Australia. The business expects to
increase its export sales to a rate of approximately 11 million tonnes per
annum by mid-2013 through bringing on-line additional sales from its Southern
Iron operations in South Australia and the doubling of its port capacity at
Whyalla, South Australia to approximately 12 million tonnes per annum.
Arrium
Mining Consumables includes Moly-Cop grinding media, the largest supplier of grinding
media (grinding balls and grinding rods) in the world, servicing the fast
growing global mining industry, particularly the copper, gold and iron ore
sectors. The business has leading
grinding media market positions in South America, North America and Australasia
supplying around 950 thousand tonnes of product per annum.
Steel
& Recycling includes the Group’s integrated OneSteel business that is the
Manufacturing, Distribution and Recycling businesses. It is the premier manufacturer of long steel products,
structural pipe and tube, and wire products in Australia; the leading
distributor of structural steel and reinforcing products in Australia with
around 200 sites across the country; and a significant supplier of scrap metal
to foundries, smelters and steel mills in Australia and internationally.
Arrium’s
Recycling business supplies steelmaking raw materials to domestic and
international steel mills. The Recycling
business operates in 15 countries through a combination of physical operations
in the form of collection sites and trading offices that supply raw materials
to foundries, smelters and steel mills in Australia and globally.
Within
Australia, the Recycling business now operates from over 36 locations,
including five ferrous shredder production facilities. Arrium’s Asian non-ferrous business operates
in four countries and carries out the Group’s non-ferrous trading. Recycling operations in the United States
consist of nine locations throughout the East and South East, including a
ferrous shredder in Tampa, Florida.
Arrium’s
recyclable material is sourced from the rural, mining, demolition and
manufacturing industries and the general public. The Recycling segment also sells raw
materials to Arrium’s Manufacturing segment.
All sales between Arrium’s Recycling and Manufacturing businesses are
conducted on commercial terms equivalent to those negotiated with external
parties.
For
the year ended 30th June, 2012, the sales of the Arrium Group amounted to
A$7,594.5 million, increased by 6.5% as compared with that of A$7,133.0 million
in FY 2011; net profit after tax was A$57.7 million, decreased by 74.9% as
compared with that of A$230.3 million in FY 2011. The Group’s net profit after tax decreased
substantial in FY 2012.
The
subject is fully supported by Arrium.
On the whole,
consider it good for normal business engagements.
Brief
personal profile of the principal director:-
Mr.
Gregory Allan WATERS, BBus (Mktg), (Chief Executive –
Recycling), aged 50, joined Arrium in October 2008 from BlueScope Steel where
he held a number of Senior roles including President Western Port Works and
President – Greater China. Prior to
this, he has held General Management roles for BHP and Brambles in Land and Sea
Transport and Logistics located in Australia, Southeast Asia and the United
States.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.54.93 |
|
|
1 |
Rs.87.38 |
|
Euro |
1 |
Rs.69.93 |
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.