|
Report Date : |
12.09.2012 |
IDENTIFICATION DETAILS
|
Name : |
SIDEFAME
LTD. |
|
|
|
|
Registered Office : |
36/F., Tower 2, The Gateway, 25 Canton Road, Tsimshatsui,
Kowloon, |
|
|
|
|
Country : |
Hong Kong |
|
|
|
|
Date of Incorporation : |
28.08.1987 |
|
|
|
|
Com. Reg. No.: |
11387530 |
|
|
|
|
Legal Form : |
Private Limited Company |
|
|
|
|
Line of Business : |
Fashion Boutiques Operator |
|
|
|
|
No. of Employees : |
336. (Including office staff) |
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 – 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 |
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 |
SIDEFAME LTD.
36/F., Tower 2, The Gateway, 25 Canton Road, Tsimshatsui, Kowloon, Hong Kong.
PHONE: 2956 3266
FAX: 2956 1230
E-MAIL: mktcom@sidefame.com.hk
Chairman: Mr. Masaaki Ogino
Incorporated on: 28th August, 1987.
Organization: Private Limited Company.
Capital: Nominal: HK$35,000,000.00
Issued: HK$34,750,000.00
Business Category: Fashion Boutique Operator.
Employees: 336. (Including office staff)
Main Dealing Banker: The Hongkong & Shanghai Banking Corp. Ltd., Hong Kong.
Banking Relation: Good.
Registered Head
Office:-
36/F., Tower 2, The Gateway, 25 Canton Road, Tsimshatsui, Kowloon, Hong Kong.
Retail Outlets:-
With more than 45 shops spread throughout Hong Kong & Kowloon.
[Under the name of Anteprima, Atsuro Tayama, A/T, Callaway, Cocktail (including Jean Paul Knott & La Casita De Wendy), Furla, Heroic Rendezvous, Indivi, Ozoc, Pearl Gates, Plastiq]
Subsidiary
Offices:-
Italy, Japan, Singapore & Taiwan.
Parent Company:-
Fenix Group Holdings Ltd., British Virgin Islands/Hong Kong Branch.
Associated/Affiliated
Companies:-
Fenix Group of
Companies
Affina BXB Co. Ltd., Hong
Kong/China.
[Formerly known as Fenix BXB Co. Ltd.]
Anteprima Ltd., Hong Kong.
Anteprima SRL, Italy.
Benefix (Hung Mei) Knitters Ltd., China.
Benefix Knitters Ltd., Hong Kong/China. [Dissolved]
Brightview Industries Ltd., Hong Kong/China.
C.S.F. Ltd., Hong Kong.
City Super China Holdings (BVI) Ltd., British Virgin Islands.
City Super Japan Ltd., Japan.
City Super Ltd., Hong Kong.
City Super Taiwan Ltd., Taiwan.
Fenitz (Chang Ping) Knitters Ltd., Hong Kong/China.
Fenitz Bleaching & Dyeing Factory Ltd., Hong Kong/China.
Fenix (Part II) Ltd., Hong Kong.
Fenix Artworks Ltd., Hong Kong/China.
Fenix BG Co. Ltd., Hong Kong. [Dissolved]
Fenix Boutiques Ltd., Hong Kong. [Dissolved]
Fenix Chafu Dyeing Co. Ltd., Hong Kong. [Dissolved]
Fenix Cheong Lung International Forwarder Ltd., Hong Kong.
Fenix HK Ltd., Hong Kong.
Fenix International Co. Ltd., Hong Kong/China. [Dissolved]
Fenix International Co. Ltd., Japan.
Fenix Knitting (Vietnam) Co. Ltd., Vietnam.
Fenix Liberty (Suzhou) Clothes Co. Ltd., China.
Fenix Logistic Services (Shenzhen) Ltd., China.
Fenix Logistic Services Ltd., Hong Kong.
Fenix Norge A/S, Denmark.
Fenix Retail (Macau) Ltd., Macau.
Fenix ST Ltd., Hong Kong/China.
Fenix Tricot Manufacturing Co. Ltd., Hong Kong/China. [Dissolved]
FHK Handicrafts Ltd., Hong Kong.
FHK Vietnam Ltd., Hong
Kong/Vietnam.
[Formerly known as Fenix Vietnam Ltd.]
Golden Concepts Corporation, Taiwan.
Gotex Global Co. Ltd.,
Hong Kong/China.
[Formerly known as Fenix Shanghai Ltd.]
Nantong Gotex Fashion Co. Ltd., China.
New Nation Industrial Ltd., Hong Kong. [Dissolved]
Ningbo Affina BXB Co. Ltd., China.
Ningbo Consinee Woolen Textiles Ltd., China.
Ningbo Consinee Worsted Products Co. Ltd., China.
P.G. International Ltd., Hong Kong. [Dissolved]
RDC Hong Kong Ltd., Hong Kong. [Dissolved]
Regency Hong Kong Ltd., Hong Kong/China.
Saint Yu Hong Kong Ltd., Hong Kong/China.
SFA Ltd., Hong Kong.
SFB Ltd., Hong Kong.
Shanghai Affina BXB Co. Ltd., China.
Shanghai Gaojian Apparel Finishing Co. Ltd., China.
Shanghai Gotex Fashion Co. Ltd., China.
Shanghai Hai Huang Garment Co. Ltd., China.
Sidefame (Singapore) Pte. Ltd., Singapore.
Sidefame Fashion (Hangzhou) Ltd., China.
Sidefame Fashion (Shenzhen) Ltd., China.
Sidefame Italia SRL, Italy.
Sidefame Japan Co. Ltd., Japan.
Harbour Centre Development Ltd., Hong Kong.
Harriman Realty Co. Ltd., Hong Kong.
Hong Kong Cable Television Ltd., Hong Kong.
Hongkong Tramways Ltd., Hong Kong.
Imaginex Co. Ltd., Hong Kong.
Imaginex Marketing Ltd., Hong Kong.
Imaginex Trading Ltd., Hong Kong.
Joyce Boutique Holdings Ltd., Hong Kong.
Joyce Boutique Ltd., Hong Kong.
Joyce Distribution Ltd., Hong Kong.
Lane Crawford (Hong Kong) Ltd., Hong Kong.
Lane Crawford International Ltd., Hong Kong.
Marco Polo Developments Ltd., Singapore.
The Wharf (Holdings) Ltd., Hong Kong.
Top Line (HK) Co. Ltd., Hong Kong.
Top Line (Ningbo) Co. Ltd., China.
Tuko (Hui Yang) Manufacturing Co. Ltd., Hong Kong/China.
Turbo Knitwear Manufacturing Co. Ltd., Hong Kong.
United Benefit Knitters Co. Ltd., Hong Kong. [Dissolved]
Wealthy Bond Ltd., Hong Kong.
Well Surplus Ltd., Hong Kong. [Dissolved]
Wheelock & Co. Ltd., Hong Kong.
Wheelock Properties Ltd., Hong Kong.
Woodland Fashion Ltd., Hong Kong. [Deregistered]
WS Retail Ltd., Hong Kong. [Dissolved]
etc.
11387530
0197250
Chairman: Mr. Masaaki Ogino
Managing Director: Mr. Keung Ping-So, Anthony
Executive Director: Mrs. Chan So Pik Hung, Sarah
Director & General Manager: Ms. So Pik Lan, Rachel
Nominal Share Capital: HK$35,000,000.00 (Divided into 35,000,000 shares of HK$1.00 each)
Issued Share Capital: HK$34,750,000.00
(As per registry
dated 28-08-2011)
|
Name |
|
No. of shares |
|
Fenix Group Holdings Ltd. Omar Hodge Building, Wickhams Cay I, P.O. Box 362, Road Town, Tortola, British Virgin Islands. |
|
34,749,999 |
|
Masaaki OGINO |
|
1 |
|
|
|
––––––––– |
|
|
Total: |
34,750,000 ======== |
(As per registry
dated 28-08-2011)
|
Name (Nationality) |
Address |
|
KEUNG Ping So |
Flat 15A, Banyan Mansion, Tai Koo Shing, Hong Kong. |
|
Izumi OGINO |
Suite 3318, 33/F., Sutton Court, Gateway Apartments, Harbour City, Tsimshatsui, Kowloon, Hong Kong. |
|
YEE Po Ling, Margaret |
Flat E, 12/F., Konville Tower 2, 2 Quarry Bay, Hong Hong. |
|
SO Pik Hung, Sarah |
Flat C, 29/F., Block 6, Phase III, Belvedere Garden, Tsuen Wan, New Territories, Hong Kong. |
|
SO Pik Lan, Rachel |
Flat F, 1/F., Yee Cheung Mansion, Lei King Wan, Hong Kong. |
(As per registry
dated 28-08-2011)
|
Name |
Address |
Co.
No. |
|
Tricor Secretaries Ltd. |
Level 28, Three Pacific Place, 1 Queen’s Road East, Hong Kong. |
0014900 |
The company was incorporated on 28th August, 1987 as a private limited liability company under the Hong Kong Companies Ordinance.
Apart from these, neither material change nor amendment has been ever traced and noted.
Activities & Lines: Fashion Boutiques Operator.
Brand Names: ANTEPRIMA, ATSURO TAYAMA, A/T, INDIVI, JEAN PAUL KNOTT, LA CASITA
DE WENDY, OZOC, MIRA, ORLY KIELY, XD SKULL RABBIT, FURLA, ELF, GEM KINGDOM, GOTI, LITTLE WOMAN, MANUELA, MEDECINE DOUCE, MIKIA, SYLVIE GILBERT, TOSH, DELPHINE PARIENTE, ENS’, HAPPY ART, LOSSELLIANI, LOLITA POMPIDOUR, METAMORPHOSI, OH YOU, POST SCRIPTUM, SHARMILA, YVES ANDRIEUX, CALLAWAY, HEROIC RENDEZVOUS, PEARLY GATES, SANDY VOHR, TOOSHYMAN, TOY2R, VILAC, VITRA, VOHR.
Employees: 336. (Including office staff)
Commodities Imported: Mainly imported from Europe, Japan, and U.S.A. through inter-group companies.
Market: Hong Kong.
Terms/Sales: COD, etc.
Terms/Buying: As per contracted.
Nominal Share Capital: HK$35,000,000.00 (Divided into 35,000,000 shares of HK$1.00 each)
Issued Share Capital: HK$34,750,000.00
Mortgage or Charge: (See attachment)
Profit & Loss: Traded at a profitable angle.
Condition: Keeping in an active and satisfactory manner.
Facilities: Making active use of general banking facilities.
Payment: So far so good.
Commercial Morality: Good.
Bankers:-
· The Hongkong & Shanghai Banking Corp. Ltd., Hong Kong.
American
Express Bank Ltd., Hong Kong Branch.
Standing: Good.
Sidefame Ltd. [Sidefame], incorporated in August 1987, is a wholly-owned subsidiary of Fenix Group Holdings Ltd. [FGHL] which is a BVI-registered firm. FGHL is a holding company of the Fenix Group which is engaged in the design, manufacture and sell of women’s apparel. The Group was launched in 1972 when Group Chairman, Mr. Masaaki Ogino, established an independent operation to sell yarn material made in Japan to Hong Kong manufacturers of knitwear. Jointly with Mr. Anthony Keung, who is Managing Director of FGHL, they later expanded the Group into the manufacture and marketing of knitwear.
With the launch of Fenix Boutiques Ltd. in 1987, the Group took a major step in retailing. Sidefame was set up in 1987 as the retailing division of the Fenix Group by selling name-brand European goods. In 1988, Sidefame opened the first free-standing PRADA boutique in Hong Kong in Kowloon Hotel, following by boutiques in The Peninsula Hotel and Central Building in the following year.
Headquartered in Hong Kong, Sidefame operates offices and retail stores in Hong Kong, China, Macau and Singapore. It markets a range of fashion and lifestyle brands, around the region, through joint venture and franchise agreements.
Sidefame represents a growing portfolio of exclusive labels and is the main force behind the Milan-based label ANTEPRIMA, founded in the year 1993 by Izumi Ogino. ANTEPRIMA is a total lifestyle brand with collections of woven, knitwear, handbags, shoes, small leather goods as well as 12 licensed collections.
Since its introduction in Hong Kong in 1994, Sidefame currently operates 23 ANTEPRIMA boutiques throughout Hong Kong, Macau and China.
In 1994, Sidefame introduced Paris-based avant-garde Japanese designer Atsuro Tayama’s main collection as well as his original and girlish diffusion line A.T to Hong Kong. Today, both of the designer’s labels have successfully built up a very loyal clientele in Hong Kong as well as in major Chinese cities like Shanghai, Beijing, Shenzhen, Hangzhou, etc.
in the Fall of 1999, Sidefame and Furla HK Retail Ltd. set up a joint venture boutique at The Peninsula Hotel retailing FURLA leather goods.
Sidefame launched COCKTAIL boutique in 2002. COCKTAIL La Mode was opened in Shanghai, Beijing and Shenzhen SEZ in the last quarter of 2010.
In the fall of 2004, Sidefame was awarded the exclusive rights to operate the renowned MARIA LUISA boutique in Hong Kong. The eponymous boutique is the first outside the French capital and possess a strong Parisian attitude and houses the works of true masters in the trade including Givenchy, Martin Margiela and Celine, etc.
Sidefame also launched a private label “CODE” card in collaboration with The Hongkong and Shanghai Banking Corporation Ltd. in 2001 and since then, acquired over 200,000 cardholders to-date.
The latest development of Sidefame also includes joint venture company, Sideplus Fashion (Hangzhou) Ltd., established in 2010 in cooperation with a young and dynamic retail partner, Hangzhou P-Plus Department Store Co. Ltd., with the mission to aggressively develop and nurture growing business in China.
In Hong Kong, Sidefame has 336 staff in its head office and retailing shops.
Presently, the Fenix Group is the largest exporter of knitwear to Japan. Apart from Japan, the Group also exports its products to North America, Europe and Southeast Asia. Through Sidefame, the Group also runs a chain of more than 45 upmarket boutiques and shops in Hong Kong. In addition, the Group is also operating 2 mega stores in Hong Kong – CITY’SUPER and LOG-ON.
Now, the Group employs over 10,000 people regionally and is based in an 8,000 sq.ft. suite of luxury offices in The Gateway, Tsimshatsui, Kowloon, Hong Kong.
On the whole, in view of Sidefame’s parentage and lines of business, consider it good for normal business engagements.
REMARKS:
Property information of Fenix Group:-
1. Property Location: Flat A on 15/F. of Tower I and Car Parking Space No. 32 on 2nd Level, Ruby Court, 55 South Bay Road, Hong Kong.
Owner: Fenix Hongkong Ltd.
Date of Purchase: n.a.
Purchased Price: n.a.
Incumbrances:-
|
Date of Mortgage |
Amount Consideration |
Mortgagee |
Nature |
|
24-08-1987 |
- |
The Hongkong & Shanghai Banking Corp. Ltd., Hong Kong. |
Mortgage to secure general banking facilities |
2. Property Location: Unit No. 2301 on 23/F. of Block C, 21-23 Hong Shing Street, Kornhill, Hong Kong.
Owner: Fenix Hongkong Ltd.
Date of Purchase: n.a.
Purchased Price: n.a.
Incumbrances:-
|
Date of Mortgage |
Amount Consideration |
Mortgagee |
Nature |
|
12-11-1998 |
- |
Standard Chartered Bank, Hong Kong Branch. [Now known as Standard Chartered Bank (HK) Ltd.] |
Mortgage to secure general banking facilities granted to Fenix Hongkong Ltd. and Fenix (Part II) Ltd. |
3. Property Location: Flat C on 23/F., Oak Mansion, Harbour View Gardens, 20 Taikoo Wan Road, Taikoo Shing, Hong Kong.
Owner: Fenix Hongkong Ltd.
Date of Purchase: n.a.
Purchased Price: n.a.
Incumbrances: No mortgage record registered against the property.
4. Property Location: Duplex Unit 2 on 5/F. & 6/F. of Block D, Sha Tin Heights, 8003 Tai Po Road, Shatin, New Territories, Hong Kong.
Owner: Fenix (Part II) Ltd.
Date of Purchase: 05-09-1988
Purchased Price: HK$2,980,000 pt.
Incumbrances:-
|
Date of Mortgage |
Amount Consideration |
Mortgagee |
Nature |
|
05-09-1988 |
- |
The Hongkong & Shanghai Banking Corp. Ltd., Hong Kong. |
Mortgage to secure general banking facilities |
5. Property Location: Factories Nos. 1-8 on 10/F., Elite Industrial Centre, 883 Cheung Sha Wan Road, Kowloon, Hong Kong.
Owner: Fenix (Part II) Ltd.
Date of Purchase: 24-01-1990
Purchased Price: HK$14,752,250
Incumbrances:-
|
Date of Mortgage |
Amount Consideration |
Mortgagee |
Nature |
|
24-01-1990 |
- |
The Hongkong & Shanghai Banking Corp. Ltd., Hong Kong. |
Mortgage to secure general banking facilities |
6. Property Location: Factory No. 9 on 10/F., Elite Industrial Centre, 883 Cheung Sha Wan Road, Kowloon, Hong Kong.
Owner: Fenix (Part II) Ltd.
Date of Purchase: n.a.
Purchased Price: n.a.
Incumbrances:-
|
Date of Mortgage |
Amount Consideration |
Mortgagee |
Nature |
|
15-04-1996 |
- |
Standard Chartered Bank, Hong Kong Branch. [Now known as Standard Chartered Bank (HK) Ltd.] |
Mortgage to secure general banking facilities |
7. Property Location: Factory No. 16 on 10/F., Elite Industrial Centre, 883 Cheung Sha Wan Road, Kowloon, Hong Kong.
Owner: Fenix (Part II) Ltd.
Date of Purchase: n.a.
Purchased Price: n.a.
Incumbrances:-
|
Date of Mortgage |
Amount Consideration |
Mortgagee |
Nature |
|
23-05-1997 |
- |
Standard Chartered Bank, Hong Kong Branch. [Now known as Standard Chartered Bank (HK) Ltd.] |
Mortgage to secure general banking facilities |
8. Property Location: Factory No. 15 on 10/F., Elite Industrial Centre, 883 Cheung Sha Wan Road, Kowloon, Hong Kong.
Owner: Fenix (Part II) Ltd.
Date of Purchase: n.a.
Purchased Price: n.a.
Incumbrances:-
|
Date of Mortgage |
Amount Consideration |
Mortgagee |
Nature |
|
08-11-1997 |
- |
Standard Chartered Bank, Hong Kong Branch. [Now known as Standard Chartered Bank (HK) Ltd.] |
Legal charge to secure general banking facilities |
9. Property Location: Unit B2 on 11/F. of Block B, Hong Kong Industrial Centre, 489‑491 Castle Peak Road, Kowloon, Hong Kong.
Owner: Fenix Boutiques Ltd.
Date of Purchase: 28-11-1988
Purchased Price: HK$2,624,720
Incumbrances:-
|
Date of Mortgage |
Amount Consideration |
Mortgagee |
Nature |
|
28-11-1988 |
- |
The Hongkong & Shanghai Banking Corp. Ltd., Hong Kong. |
Mortgage to secure general banking facilities |
10. Property Location: Workshop B1 on 9/F. of Block B, Hong Kong Industrial Centre, 489‑491 Castle Peak Road, Kowloon, Hong Kong.
Owner: Fenitz (Chang Ping) Knitters Ltd.
Date of Purchase: n.a.
Purchased Price: n.a.
Incumbrances:-
|
Date of Mortgage |
Amount Consideration |
Mortgagee |
Nature |
|
24-06-1992 |
- |
Shanghai Commercial Bank Ltd., Hong Kong. |
Legal charge to secure general banking facilities |
11. Property Location: Flat A on 15/F., Banyan Mansion, Harbour View Gardens, 24 Taikoo Wan Road, Taikoo Shing, Hong Kong.
Owner: Keung Ping So (35%) & Masaaki Ogino (65%)
Date of Purchase: 02-10-1981
Purchased Price: HK$1,332,950
Incumbrances:-
|
Date of Mortgage |
Amount Consideration |
Mortgagee |
Nature |
|
02-10-1981 |
HK$ 1,050,000 |
Hang Seng Bank Ltd., Hong Kong. |
Mortgage to secure general banking facilities |
|
23-05-1983 |
HK$ 450,000 |
- ditto - |
Second mortgage to secure general banking facilities |
|
20-05-1986 |
HK$ 470,000 |
- ditto - |
Further charge on second mortgage |
|
31-05-1989 |
HK$ 880,000 |
- ditto - |
Second further charge to secure further general banking facilities |
|
Date |
Particulars |
Amount |
|
22-11-2005 |
Instrument: Security Over Deposits with The Bank (Limited Commmpany - Under Seal) Property: HK$1,095,500 and all monies for the time being standing to the credit of the deposit account number 181-275108 together with any further sum hereafter standing to the credit of any deposit A/C with the Bank Mortgagee: The Hongkong & Shanghai Banking Corp. Ltd., Hong Kong. |
To Secure General Banking Facilities |
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.55.52 |
|
UK Pound |
1 |
Rs.88.85 |
|
Euro |
1 |
Rs.70.85 |
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 |
|
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.