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Report Date : |
27.09.2012 |
.IDENTIFICATION DETAILS
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Name : |
ZHEN QUO CO., LTD. |
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Registered Office : |
3FL., No.737, |
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Country : |
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Date of Incorporation : |
28.12.2001 |
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Com. Reg. No.: |
13001072 |
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Legal Form : |
Joint Stock Company |
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Line of Business : |
Operation of Chain coffee shops and food shops, etc |
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No. of Employees : |
About 30 employees |
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RATING & COMMENTS
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MIRA’s Rating : |
Ba |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
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Status : |
Satisfactory |
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Payment Behaviour : |
Slow but correct |
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Litigation : |
Exist |
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 (31.03.2011) |
Current Rating (30.06.2012) |
|
Taiwan |
A2 |
A2 |
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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 |
TAIWAN - ECONOMIC OVERVIEW
Taiwan has a dynamic
capitalist economy with gradually decreasing government guidance of investment
and foreign trade. In keeping with this trend, some large, state-owned banks
and industrial firms have been privatized. Exports, led by electronics, machinery,
and petrochemicals have provided the primary impetus for economic development.
This heavy dependence on exports exposes the economy to fluctuations in world
demand. In 2009, Taiwan's GDP contracted 1.9%, due primarily to a 20%
year-on-year decline in exports. In 2010 GDP grew 10.9%, as exports returned to
the level of previous years, and in 2011, grew 5.2%. However, 2012 growth will
likely be less, according to most forecasters, because of softening global
demand. Taiwan's diplomatic isolation, low birth rate, and rapidly aging
population are major long-term challenges. Free trade agreements have
proliferated in East Asia over the past several years, but so far Taiwan has
been excluded from this greater economic integration largely because of its
diplomatic status with the exception of the landmark Economic Cooperation
Framework Agreement (ECFA) signed with China in June 2010. The MA
administration has said that the ECFA will serve as a stepping stone toward
trade pacts with other regional partners, and negotiations on a deal with
Singapore began this year. Follow-on components of ECFA, including deals on
trade in goods, services, and investment, have yet to be completed. Taiwan's
Total Fertility rate of just over one child per woman is among the lowest in
the world, raising the prospect of future labor shortages, falling domestic
demand, and declining tax revenues. Taiwan's population is aging quickly, with
the number of people over 65 accounting for 10.9% of the island's total
population as of 2011. The island runs a large trade surplus, and its foreign
reserves are the world's fourth largest, behind China, Japan, and Russia. Since
2005 China has overtaken the US to become Taiwan's second-largest source of
imports after Japan. China is also the island's number one destination for
foreign direct investment. Three financial memorandums of understanding,
covering banking, securities, and insurance, took effect in mid-January 2010,
opening the island to greater investments from the mainland's financial firms and
institutional investors, and providing new opportunities for Taiwan financial
firms to operate in China. Closer economic links with the mainland bring
greater opportunities for the Taiwan economy, but also poses new challenges as
the island becomes more economically dependent on China while political
differences remain unresolved.
Source
: CIA
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Company Name: |
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Supplied Name: |
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Trading Address: |
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Supplied Address: |
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Telephone Number: |
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Fax Number: |
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Website: |
Notes: Subject’s exact name and address are as above.
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Credit Opinion: |
Subject was incorporated on
|
Name |
Subscription Shares |
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Zhiguo Lin |
899,300 |
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Xiaojuan Lin |
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500,000 |
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Dean Lin |
170,000 |
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Feixia Lin |
500,000 |
The information
above is that of subject’s major shareholders.
Rescinded Branches
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1 |
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Branch
Registered Number |
27883194 |
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Branch Status |
Rescinded |
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Branch Name |
Luchu Guangming
Branch |
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Branch
Manager |
Zhiguo Lin |
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Branch Address |
No. 1, 226, Section
2, Guangming Road, Jinxing Village, Luchu Township, Taoyuan County, Taiwan. |
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Date of
Incorporation: |
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Date of
Revocation |
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Date of Last
Annual Return: |
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2 |
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Branch
Registered Number |
27436920 |
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Branch Status |
Rescinded |
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Branch Name |
Chungli Jiafu
Branch |
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Branch
Manager |
Zhiguo Lin |
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Branch Address |
1/F., 5101,
Section 2, Zhongshan East Road, Houliao Li, Chungli City, Taoyuan County,
Taiwan. |
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Date of
Incorporation: |
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Date of
Revocation |
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3 |
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Branch
Registered Number |
27373328 |
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Branch Status |
Rescinded |
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Branch Name |
Fuhe Branch |
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Branch
Manager |
Zhiguo Lin |
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Branch Address |
1/F., No. 327, Fuhe
Road, Dianjie Li, Yonghe District, New Taipei City, Taiwan |
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Date of
Incorporation: |
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Date of
Revocation |
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4 |
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Branch
Registered Number |
80597115 |
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Branch Status |
Rescinded |
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Branch Name |
Banqiao Branch |
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Branch
Manager |
Zhiguo Lin |
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Branch Address |
1/F., No. 27,
Section 1, Nanya South Road, Xinxing Li, Banqiao District, New Taipei City,
Taiwan |
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Date of
Incorporation: |
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Date of
Revocation |
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5 |
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Branch Registered
Number |
79980112 |
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Branch Status |
Rescinded |
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Branch Name |
Taichung
Branch |
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Branch
Manager |
Qiurong Lincai |
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Branch Address |
2/F., No.1.
Section 2, Taizhonggang Road, Xitun District, Taichung City, Taiwan |
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Date of
Incorporation: |
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|
Date of
Revocation |
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Shops
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Name |
Tel (+886-) |
Address |
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Shilin FLAGSHIP SHOP |
(02)2880-2669 |
No. 12, Defu Road,
Shilin District, Taipei City, Taiwan |
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Banqiao Flagship No.1 Shop |
(02)2961-5889 |
No, 52, Guanghe
Street, Banqiao District, New Taipei City, Taiwan |
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Xindian Baoqiao
Shop (Temporarily Closed) |
(02)2915-6985 |
No. 69, Baoqiao
Road, Xindian District, New Taipei City, Taiwan |
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Xinzhu Zhubei
Shop |
(03) 555-5618 |
No. 534, Sanmin
Road, Zhubei City, Xinzhu County, Taiwan |
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Chungli Jiuhe
Shop |
(03) 280-4188 |
No. 30, Jiuhe
No.1 Street, Chungli City, Taiwan |
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Taoyuan Jianxin
Shop (Temporarily Closed) |
(03) 371-0133 |
No. 277, Jianxin
Street, Taoyuan City, Taoyuan County, Taiwan |
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Taoyuan Jingguo
Shop |
(03) 346-4876 |
No. 737, Jingguo
Road, Taoyuan City, Taoyuan County, Taiwan |
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Zhonggang
Chengqing Shop |
(04) 2463-8838 |
No. 118,
Section, Zhonggang Road, Taichung City, Taiwan |
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Taichung Wenxin
Shop |
(04) 2247-7966 |
No. 867, Section
4, Wenxin Road, Beitun District, Taichung City, Taiwan |
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Taichung Wenda
Shop |
(04) 2253-3389 |
No. 375, Section
1, Wenxin Road, Beitun District, Taichung City, Taiwan |
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Puli Apollo |
(04) 9290-6603 |
No.1, Minzhi
No.1 Street, Puli Town, Nantou County, Taiwan |
Core
Management
Directors
|
1 |
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Name |
Zhiguo Lin |
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Position |
Board Chairman |
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2 |
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Name |
Xiaojuan Lin |
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Position |
Director |
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3 |
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Name |
Dean Lin |
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Position |
Director |
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4 |
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Name |
Feixia Lin |
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Position |
Supervisor |
Personnel
Structure
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Total Employees |
About 30 employees |
Offices
& Factories
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Headquarters |
|
Add |
Production
Information
l
Subject operates Chain coffee shops.
Purchase
Information
l
The registered activities of subject:
|
Business Code |
Details |
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F501060 |
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F501030 |
Drinks store industry |
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F401010 |
International Trading Business |
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I103060 |
Management and consulting service |
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F601010 |
Intellectual property industry |
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F106020 |
Wholesales of daily articles |
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F113020 |
Wholesales of electrical
equipment |
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I503010 |
Landscape and Interior design |
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G801010 |
warehousing industry |
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F102170 |
Wholesales of food and groceries |
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F203010 |
Retails of food, groceries
and beverage. |
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ZZ99999 |
Besides licensed business, all other business items
those are not banned or restricted. |
l
Subject purchases both at home and abroad and it is
introduced that subject operates Japanese café with food material imported from
Japan
l
The subject operates Chain coffee shops through the
way of license league store
l
The shops mainly supply cakes,
coffee and it is also engaged in retails of Bagged coffee and Seasoning
packets, etc
l
Subject mainly serves domestic customers in
Import and export
right:
|
Import right |
Yes |
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Export right |
Yes |
Domestic Purchase
|
Payment Terms |
Proportion |
|
|
Food materials,
etc |
COD, Credit
Sales, etc |
100% |
Foreign Purchase
|
Payment Terms |
Proportion |
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Food materials,
etc |
CBD, etc |
100% |
Sales
Domestic Markets
|
Sales Terms |
Proportion |
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Food and
beverage, etc |
COD, etc |
100% |
Notes: Subject did not introduce the settlement between
it and franchised shops
Export
Subject has no obligations to disclose its financial statements to the
third party according to the relevant policy in Taiwan and the only source from
which we can obtain the information is the subject itself.
Subject declined to disclose its financials citing the grounds of
company’s confidentiality; from other source we can not obtain the relevant
information, either.
|
Name |
Jih Sun International Bank |
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Branch |
North Taoyuan Branch |
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Account Number: |
027-01007287100 |
Subject did not confirm whether the supplied banker Fubon Commercial
Bank belongs to it, from other source we can not obtain the relevant
information, either.
Mortgage
No chattel mortgage record of subject has been found within the recent 3
months.
Lawsuit
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1 |
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Trial Number |
2005, Taoxiao,1481 |
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Trial Date |
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Reason |
Payment of the Loan |
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2 |
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Trial Number |
2005, Taoxiao,1481 |
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Trial Date |
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Reason |
Payment of the Loan |
FOREIGN EXCHANGE RATES
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Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.53.58 |
|
|
1 |
Rs.86.60 |
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Euro |
1 |
Rs.68.94 |
INFORMATION DETAILS
|
Report
Prepared by : |
PRL |
RATING EXPLANATIONS
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
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>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 |
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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.