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Report Date : |
17.04.2013 |
IDENTIFICATION DETAILS
|
Name : |
UNISERVICE SOLUTION LLC |
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Registered Office : |
Central Tower, 9th Floor, Office 907,2 Sukhbaatar Square, Sukhbataar District, SBD-8, Ulaanbaatar 210620a |
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Country : |
Mongolia |
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Financials (as on) : |
31.12.2011 |
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Date of Incorporation : |
01.04.2005 |
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Legal Form : |
Limited Liability Company |
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Line of Business : |
Subject provides office support services such as facilities management, interior design, equipment supplies (stationary & furniture) and cleaning services. |
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No. of Employees : |
650 (subject) 8,000 (group) |
RATING & COMMENTS
|
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 : |
No Complaints |
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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 – June 30th, 2012
|
Country Name |
Previous Rating (31.03.2012) |
Current Rating (30.06.2012) |
|
Mongolia |
C1 |
C1 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
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 |
Mongolia - ECONOMIC OVERVIEW
Economic activity in Mongolia was traditionally based on herding and agriculture - Mongolia's extensive mineral deposits, however, have attracted foreign investors, and the country is undergoing an economic transformation through its mining boom. Mongolia holds copper, gold, coal, molybdenum, fluorspar, uranium, tin, and tungsten deposits, among others, which account for a large part of foreign direct investment and government revenues. Soviet assistance, at its height one-third of GDP, disappeared almost overnight in 1990 and 1991 at the time of the dismantlement of the USSR. The following decade saw Mongolia endure both deep recession, because of political inaction and natural disasters, as well as economic growth, because of reform-embracing, free-market economics and extensive privatization of the formerly state-run economy. The country opened a fledgling stock exchange in 1991. Mongolia joined the World Trade Organization in 1997 and seeks to expand its participation in regional economic and trade regimes. Growth averaged nearly 9% per year in 2004-08 largely because of high copper prices and new gold production. By late 2008, the country was faced with external shocks from the global financial crisis, and a sharp drop in commodity prices slashed government revenues. GDP dropped 1.3% in 2009. In early 2009, the International Monetary Fund reached a $236 million Stand-by Arrangement with Mongolia and the country has largely emerged from the crisis. The banking sector is recovering and the government has started to enact greater supervision regulations. In October 2009, Mongolia passed long-awaited legislation on an investment agreement to develop the Oyu Tolgoi mine, considered to be among the world's largest untapped copper deposits. Another similarly lengthy process is underway for an investment agreement for the massive coal mine at Tavan Tolgoi; it is under review by the National Security Council and a final decision is expected in 2012. The economy grew 6.4% in 2010 and 17.3% in 2011, largely on the strength of commodity exports to nearby countries. Trade with China represents more than half of Mongolia's total external trade - China receives more than 90% of Mongolia's exports. Mongolia purchases 95% of its petroleum products and a substantial amount of electric power from Russia, leaving it vulnerable to price increases. In the face of anticipated growth in mining revenues, the country is grappling with the challenge of avoiding an overheated economy. Due to severe winter weather in 2009-10, Mongolia lost 22% of its total livestock, and meat prices doubled. Renewed concerns are surfacing over controlling inflation, which was more than 10% for much of 2010-11, due in part to soaring food prices. Government spending - on line to increase as much as 75% over 2011 - has added to concerns over inflation. Remittances from Mongolians working abroad, particularly in South Korea, are significant. Money-laundering is a growing concern.
|
Source : CIA |
Uniservice Solution LLC
Building
: Central Tower, 9th
Floor, Office 907
Area : 2
Sukhbaatar Square, Sukhbataar District, SBD-8
Town : Ulaanbaatar
210620a
Country : Mongolia
Telephone:
(976 70) 113 360 / 113 361 / Mobile
(976 88) 111 940 (Oyunbileg Sharav) / (976 88) 100 309
Fax : (976
70) 113 359
E-Mail : info@uss.mn / oyunbileg.sh@mcs.mn
Also known as :
Uniservice Solution XXK / Yuniservis Solyushn XXK
Name Position
1. Ts.
Altantsetseg Managing Director
2. Oyunbileg
Sharav Deputy Managing Director
Total Employees
: 650
(subject)
8,000 (group)
No complaints
have been heard regarding payments from local suppliers or banks.
Subject is a
member of the MCS Group of Companies - one of the
largest private
sector entities in terms of number of employees in
Mongolia with
about 8,000 through its contractors and subcontractors. The Group has more than
32 subsidiaries covering diversified business activities including: energy
& infrastructure, general manufacturing
& services,
information & communications, property development, and -
food, beverage
& alcohol. The Group had annual sales turnover $US 250
million in 2008.
Associations
inspire added confidence and we consider it is acceptable to deal with subject
for MEDIUM amounts, although it is normal accepted practice for international
suppliers to deal on secured terms with Mongolian importers.
Trade risk
assessment : Normal
NAME :
Golomt Bank of Mongolia
Branch :
Bodi Tower, Sukhbaatar Square
Town :
Ulaanbaatar
Telephone : (976 11) 311 530
Fax :
(976 11) 312 307
The company also has an account with :
Trade and
Development Bank of Mongolia
Juulnchny Street
7
Ulaanbaatar
210646
Telephone: (976
11) 312 362 / 331 133
Fax : (976 11) 325 449
Private companies
in Mongolia are not required to publish or disclose balance sheets. Balance
sheets are not available from other sources, and the subject interviewed
declined to give any financial information, which the company regards as
strictly confidential.
The following
financial information applies to MCS Group (latest available):
Sales
Turnover : US DLRS 40,000,000 - 2002 - exact
: US DLRS 50,000,000 - 2003 -
exact
: US DLRS 80,000,000 - 2004 -
exact
: US DLRS 100,000,000 - 2005 - exact
: US DLRS 150,000,000 - 2006 - exact
: US DLRS 200,000,000 - 2007 - exact
: US DLRS 250,000,000 - 2008 - exact
Net
Profit : not given but stated
to be 10%.
Financial
year ends 31 December.
Consolidated
Balance Sheets applies to Mongolian Mining Corporation LLC as at 31 December
2011 are as follows :
2011 2010
(in
thousands of US DLRS)
ASSETS
Non-current assets
Property, plant and
equipment, net 347,109 76,646
Construction in
progress
183,229 232,784
Lease prepayments 105 118
Intangible assets 681,352 –
Interest in
associates
4,278 19
Other non-current
assets 7,423 26,889
Deferred tax
assets
9,698 1,681
Total non-current
assets
1,233,194 338,137
Current assets
Inventories
57,734 7,876
Trade and other
receivables
109,322 32,350
Cash at bank and in
hand 227,765 674,907
Total current
assets
394,821 715,133
Current liabilities
Short-term borrowings
and current portion
of long-term
borrowings)
333,568 85,909
Trade and other
payables
118,680 40,315
Current taxation 17,508 5,455
Convertible bond 83,508 –
Obligations under
finance leases
247 –
Total current
liabilities
553,511 131,679
Net current
(liabilities)/assets
(158,690) 583,454
Total assets less
current liabilities
1,074,504 921,591
Non-current
liabilities
Interest-bearing
borrowings, less
current portion 144,661 165,214
Long-term
payables
– 16,811
Provisions 11,110 6,904
Deferred tax
liabilities
149,656 5,381
Obligations under
finance leases
213 –
Total non-current
liabilities
305,640 194,310
NET ASSETS
768,864 727,281
CAPITAL AND RESERVES
Share capital 37,050 37,050
Reserves
731,814 690,231
TOTAL EQUITY 768,864 727,281
INCOME STATEMENT
Revenue
542,568 277,502
Cost of revenue (336,368) (164,368)
Gross profit 206,200 113,134
Other revenue 435 511
Other net
income/(expense)
76 (187)
Administrative
expenses
(60,303) (38,685)
Profit from
operations 146,408 74,773
Finance income 22,236 12,335
Finance costs
(13,785) (4,214)
Net finance
income
8,451 8,121
Share of (losses)/profits
of associates (119) 2
Profit before taxation 154,740 82,896
Income tax (35,650) (22,757)
Profit for the year 119,090 60,139
Other comprehensive income for the year
Exchange differences on re-translation (79,153) 7,601
Total comprehensive income for the year 39,937 67,740
Profit attributable to the equity
shareholders of the Company 119,090 60,139
Total comprehensive income attributable to
the equity shareholders of the Company 39,937 67,740
Basic earnings per share 3.21 cents 1.91 cents
Diluted earnings per share 3.07 cents 1.91 cents
Financial year ends 31 December.
Date Started : 1
April 2005
Tax No.: 2878593
Capital : not
given
Limited Liability Company with the following sole
shareholder:
MCS Holding
LLC 100%
Central Tower,
15th Floor
2 Sukhbaatar
Square, Sukhbataar District, SBD-8
Ulaanbaatar
210620a
Telephone: (976
11) 312 625 ext. 1546 (Ms. Tuksjargal) / 311 079 / (976 77) 212 625 / (976 99)
118 123 / (976 88) 800 666 (N. Arunbol)
Fax : (976 11) 312 175
E-Mail : azzaya.s@mcs.mn
/ n.zolo@mcs.mn / ganhuyat@mcs.net / gantumur.l@mcs.net
Tax No.: 2628236
MCS Holding LLC has the following shareholders :
Percentage
1. Odjargal
Jambaljamtsiin 49.84%
(Mongolian national)
2. Od
Jambaljamtsiin 28.69%
(brother of the above)
3. Enkh-Amgalan
Luvsantseren 3.19%
4. Undisclosed 7
individuals 18.28%
MCS Holding Co
Ltd, founded in 1993 as the first Mongolian private
consulting
company in the energy sector, the MCS Group has
successfully
expanded its business operations in such diversified
fields, as energy
and infrastructure, information and communication
technology, beverage
manufacturing and distribution, wholesale and
retail, property
development, construction and printing. The MCS
Group has 4,000
employees and has been ranked as one of the top five
taxpayers for the
last consecutive years.
Personal Profile
on Odjargal Jambaljamtsiin :
Odjargal
Jambaljamtsiin graduated from the Polytechnic Institute,
Kiev, in 1989,
Mr. Odjargal worked as an engineer at the Energy
Bureau in
Mongolia for a few years before setting up his own
engineering
company in 1993. He has a MBA from Maastricht School of
Management.
Od Jambaljamtsiin
:
Mr. Od, the older
brother of Mr. Odjargal, graduated from Moscow
University of
Foreign Relations with a bachelorÿs degree and from
Oxford School of
Foreign Service with a masterÿs degree and had
served as a
diplomat for many years before joining the company.
Affiliated
companies of Uniservice Solution LLC :
Associates
1. Mongolian Mining Corporation LLC
Central Tower, 15th Floor
2 Sukhbaatar Square, 8 Khoroo, Sukhbaatar
District
Ulaanbaatar 210620a
Telephone: (976 70) 122 279
Fax
: (976 70) 132 279
Registered address: Cricket Square,
Hutchins Drive,
Grand Cayman, KY1-1111, Cayman Islands P.O.
Box 2681
2. Erchim Suljee LLC
MCS Anun Center
Chinggis Avenue
Khan-Uul District, 3rd Khoroo
Ulaanbaatar 210136
Telephone: (976 11) 346 464
Fax
: (976 11) 346 262
3. MCS Electronics Co Ltd
Central Tower, 14th Floor
2 Sukhbaatar
Square, Sukhbataar District, SBD-8
Ulaanbaatar 210620A
Telephone: (976 11) 323 705 est. 55
(Logistics Manager) / 312 424
/ Mobile (976 88) 113 263 / (976 88) 114
485 (Munkhzul
Batsaikhan) / (976 88) 115 657
(Sunduibaatar Nyam)
Fax
: (976 11) 312 699
E-Mail
: battulga@mcs.mn / electronics@mcs.mn
Website
: www.electronics.mcs.mn
Chief Executive Officer : Battulga
Norolkhoojav
Est.: 2 October 1997
C.R. No. : 2113155
Capital : US DLRS 400,000
4. Spirt Bal Buram JSC
Mandal Sum
Selenge Aimag
Telephone: (976 11) 311 079
Fax
: (976 11) 312 175
E-mail
: eldevoch@mcs.mn
5. Interpress Co Ltd
MCS Plaza, 1st Floor
Seoul Street 4
Ulaanbaatar 210644
Telephone: (976 11) 326 898 / Mobile (976
99) 118 668
Fax
: (976 11) 329 474
E-mail
: interpress@magicnet.mn
6. MCS Property LLC
MCS Palaza
Seoul Street 4
Ulaanbaatar 210644
Telephone: (976 11) 311 079 / 312 625
Fax
: (976 11) 312 175
C.R. No.: 9011012015
Tax No.: 5040159
7. Anungoo Co Ltd (Procter & Gamble)
MCS Plaza, 2nd Floor
Seoul Street 4
Ulaanbaatar 210644
Telephone: (976 11) 961 619
Fax
: (976 11) 312 175
E-mail
: anungoo@mcs.mn
8. MCS International LLC
MCS Anun Center
Chinggis Avenue
Khan-Uul District, 3rd Khoroo
Ulaanbaatar 210136
Telephone: (976 77) 226 363 / 226 6264
Fax
: (976 77) 226 030
Est.: 1 April 1996
C.R. No. : 9011035035
Tax No.: 2090007
Capital : TUGRIK 700,000,000
Sole shareholder : MCS Holding LLC
9. Chinggiz Eco Tour Co Ltd
MCS Plaza, 5th Floor
Seoul Street 4
Ulaanbaatar 210644
Telephone: (976 99) 115 153
Fax
: (976 11) 312175
10. Devshil-Trade
Co Ltd
Sonsgolon
Bayangol District
Ulaanbaatar
Telephone: (976 11) 632 964 / 631 539
Fax
: (976 11) 631 709
E-mail
: deb_enkh@mcs.mn
11. MCS Gyals
Medical Centre
1st Floor
Russian Hospital
Jukov Ave.131
Bayanzurkh district
Ulaanbaatar
Telephone: (976 99) 112 603 / (11) 457 781
Fax
: (976 11) 451 807
E-mail
: mcsInter@mcs.mn
12. Zuunkharaa
Trade Co Ltd
MCS Coca-Cola Plaza
Chingis Avenue
Khan Uul district
Ulaanbaatar-19
Telephone: (976 11) 345 234
Fax
: (976 11) 345 228
13. Unitel
LLC
Central Tower, 8th Floor
Sukhbatar Square 2
Sukhbatar District 8
Ulaanbaatar 210620A
Mongolia
Telephone:
(976 11) 331 730
Fax
: (976 11) 330 708
E-Mail
: bayarbakhdal@unitel.mn
Est.: 5 October 2005
C.R. No.: 482106
14. MCS Coca Cola
LLC
MCSCC Plant
Peace Avenue, Gachuurt Road 104
Amgalan 13260, Bayanzurkh District, 10th
Khoroo
Ulaanbaatar
Telephone: (976 70) 165 555 / Mobile (976
88) 111 399 (Myagmarjav
Luvsandash) / (976 88) 117 501 (Khandaa
Tsedendamba)
Fax
: (976 70) 165 500
E-Mail
: khandaa.ts@mcscocacola.mn
/
Website
: www.mcscocacola.mn
Est.: 26 July 2001
C.R. No. : 9011080120
Tax No.: 2663503
Capital : TUGRIK 5,000,000,000
Sole shareholder : MCS Holding LLC
15. Mon Sat Co
Ltd
MCS Plaza, 3rd Floor
Seoul Street 4
Ulaanbaatar 210644
Telephone: (976 11) 312 625
Fax
: (976 11) 312 175
16. Orbitnet Co
LLC
Central Tower 14/F
Sukhbaatar Square No. 2
Sukhbaatar District, SBD-8
Ulaanbaatar-210620A
Telephone: (976 11) 323 705
Fax
: (976 11) 312 699
17. Officenet LLC
MCS Plaza, 3rd Floor
Seoul Street 4
Ulaanbaatar 210644
Telephone: (976 11) 344 931
Fax
: (976 11) 312 175
18. Goyo Co Ltd
MCS Plaza, 3rd Floor
Seoul Street 4
Ulaanbaatar 210644
Telephone: (976 11) 342 531
Fax
: (976 11) 344 015
19. Shangrila
Hotel
Ulaanbaatar
Telephone: (976 11) 326 602
Fax
: (976 11) 326 643
20. Orchlon
School
Ulaanbaatar
Telephone: (976 11) 353 519
Fax
: (976 11) 354 115
21. Orchlon Club
Ulaanbaatar
Telephone: (976 11) 354 327
Fax
: (976 11) 354 326
22. MCS Distribution
LLC
Ulaanbaatar
Telephone: (976 11) 345 234
Fax
: (976 11) 345 460
23. Energy
Resources LLC
Central Tower
2 Sukhbaatar square, SBD-8
15th floor
Ulaanbaatar 210620A
Telephone: (976 70) 122 279 / 132 279
Fax : (976 11) 322 279
Tax No.: 2887746
Capital : US DLRS 26,200,370
24. Global Energy
Ulaanbaatar
Telephone: (976 11) 311 079
Fax
: (976 11) 312 175
25. Medimpex
Ulaanbaatar
Telephone: (976 11) 310 429
Fax
: (976 11) 318 254
26. Irish Pub
Grand Khaan
Ulaanbaatar
Telephone: (976 11) 336 666
Fax
: (976 11) 330 995
27. MCS - APB LCL
Ulaanbaatar
Telephone: (976 11) 464 304
Fax
: (976 11) 464 306
28. Sky Resort
Ulaanbaatar
Telephone: (976 11) 311 079
Fax
: (976 11) 311 079
29. MCS Estates
Ulaanbaatar
Telephone: (976 11) 311 079
Fax
: (976 11) 312 175
30. Green
Catering LLC
14th Floor, Central Tower
Ulaanbaatar
Mongolia
Telephone: (976 11) 314 411
Fax
: (976 11) 314 411
Est.: 2008
31. MCSCom LLC
Central Tower, 14th Floor
Sukhbaatar Square No. 2
Sukhbaatar District, SBD-8
Ulaanbaatar 210620A
Telephone: (976 11) 323 705
Fax
: (976 11) 312 699
32. MCS Anun LLC
1st floor, Building M-100
Chingeltei District
Ulaanbaatar
Telephone: (976 11) 312 908 / 312 938
Fax
: (976 11) 312 907
33. Glamour LLC
Ulaanbaatar
34. MCS Health
LLC
35. SBB Trade LC
36. MCS Armor LLC
37. MCS Metals
LLC
38.Enerko LLC
MCS Anun Center
Chinggis Avenue
Khan-Uul District, 3rd Khoroo
Ulaanbaatar 210136
Telephone: (976 11) 346 464
Fax
: (976 11) 346 262
39. MCS Tour Co
Ltd
MCS Plaza, 5th Floor
Seoul St 4
Ulaanbaatar 210644
Telephone: (976 99) 115 153
Fax
: (976 11) 312175
E-mail
: MCSTour@mcs.mn
(dormant)
40. Mongolian
Coal Corporation Limited
Three Pacific Place, Level 28
1 Queen’s Road East
Hong Kong
Capital : HK DLRS 1
41. Mongolian
Coal Corporation S.a.r.l.
Luxemburg
Capital : EURO 31,000
42. Baruun Naran
Limited
Gibraltar
43. Energy
Resources Corporation LLC
Mongolia
Capital : US DLRS 100,000
44. Energy
Resources Rail LLC
Central Tower, 16th Floor
2 Sukhbaatar Square, 8 Khoroo, Sukhbaatar
District
Ulaanbaatar 14200
Telephone: (976 70) 122 279 / 132 279
Fax
: (976 70) 111 399 / 132 279
Chief Executive Officer : Oyunbat
Lkhagvatsend
Employees: 100
Est.: 8 July 2008
Tax No.: 5241111
Capital : TUGRIK 10,700,000,000
Sole shareholder : Energy Resources LLC
(Engages in management of railway project
and responsible for the
implementation of the construction of the
railway base
infrastructure)
45.
Enrestechnology LLC
Central Tower, 16th Floor, West Wing
2 Sukhbaatar Square, 8 Khoroo, Sukhbaatar
District
Ulaanbaatar 210620a
Telephone: (976 70) 122 279
Fax
: (976 70) 132 279
Chief Executive Officer : Davaakhuu Chultem
Est.: 25 June 2009
Tax No.: 3614107
Capital : 3,466,163,000
46. Energy
Resources Mining LLC
Central Tower, 15th Floor
2 Sukhbaatar Square, 8 Khoroo, Sukhbaatar
District
Ulaanbaatar 210620a
Telephone: (976 70) 122 279
Fax
: (976 70) 132 279
Est.: 23 December 2008
Capital : US DLRS 1,000
(Responsible for the mining and technical
operations of the UHG
deposit)
47. Transgobi LLC
Mongolia
Capital : TUGRIK 9,122,641,836
48. Tavan Tolgoi
Airport LLC
Mongolia
Capital : TUGRIK 3,475,379,000
49. Energy
Resources Road LLC
Mongolia
Capital : TUGRIK 1,000,000
50. International
Medical Center LLC
Mongolia
51. International
Technical College LLC
Mongolia
52. Ukhaa Khudag
Water Supply LLC (frmly United Water LLC)
Mongolia
Est.: 24 June 2009
Capital : TUGRIK 1,000,000
53. United Power
LLC
Mongolia
Capital : TUGRIK 3,025,219,000
54. Gobi Road LLC
Mongolia
Capital : TUGRIK 1,000,000
55. Public
Service LLC
Mongolia
Capital : TUGRIK 20,000,000
56. Khangad
Exploration LLC
Central Tower, 16th Floor
2 Sukhbaatar Square, 8 Khoroo, Sukhbaatar
District
Ulaanbaatar 14200
Telephone: (976 70) 122 279 / 132 279
Fax
: (976 70) 111 399 / 132 279
E-Mail
: ankhbayar.nergui@bncoal.mn
Est.: 23 February 2006
Tax No.: 2887134
License No. : MV-14493 (for the BN Coking
coal deposit)
Capital : TUGRIK 42,491,100,000
Sole shareholder: Baruun Naran S.a.r.l.
(Luxembourg)
The Company is involved in the following activities :
Subject provides
office support services such as facilities management, interior design,
equipment supplies (stationary & furniture) and cleaning services.
NACE Code : 8121
Subject neither
imports nor exports any products (requirements) at present time.
The Company has the following facilities :
Administrative
offices located at the heading address as well as branch offices located
elsewhere at UkhaaKhudag mine in Tsogttsetsiisoum, Umnugovi Aimag.
Subject formerly
located at:
Central
Tower, 14th Floor
2
Sukhbaatar Square, Sukhbataar District, SBD-8
Ulaanbaatar
210620a
Telephone: (976
88) 118 441 (B. Ugtakhzhargal)
The address which
you provided: 14/F., Central Tower, Sukhbaatar Square 2, SBD-8, Ulaanbaatar
14200, Mongolia applies to subject's former address. Please note that subject's
current administrative office address is as per heading.
Interviewed: Oyunbileg
Sharav (Deputy Managing Director).
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.54.33 |
|
UK Pound |
1 |
Rs.83.17 |
|
Euro |
1 |
Rs.71.05 |
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.