MIRA INFORM REPORT

 

 

Report Date :

20.04.2013

 

IDENTIFICATION DETAILS

 

Name :

NEW CONTINENT ENTERPRISES (PRIVATE) LIMITED

 

 

Registered Office :

7 Temasek Boulevard #18-03 Suntec Tower One Singapore 038987

 

 

Country :

Singapore

 

 

Financials (as on) :

June, 2012

 

 

Date of Incorporation :

18.11.1967

 

 

Com. Reg. No.:

196700412E

 

 

Legal Form :

Limited Private Company

 

 

Line of Business :

General Wholesale Trade (Including General Importers and Exporters)

 

 

No. of Employees :

Not Available

 

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 :

Satisfactory

 

 

Payment Behaviour :

Slow but Correct

 

 

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)

Singapore

A1

A1

 

Risk Category

ECGC Classification

Insignificant

 

A1

Low

 

A2

Moderate

 

B1

High

 

B2

Very High

 

C1

Restricted

 

C2

Off-credit

 

D

 

 

 

Singapore - ECONOMIC OVERVIEW

 

Singapore has a highly developed and successful free-market economy. It enjoys a remarkably open and corruption-free environment, stable prices, and a per capita GDP higher than that of most developed countries. The economy depends heavily on exports, particularly in consumer electronics, information technology products, pharmaceuticals, and on a growing financial services sector. Real GDP growth averaged 8.6% between 2004 and 2007. The economy contracted 1.0% in 2009 as a result of the global financial crisis, but rebounded 14.8% in 2010 and 4.9% in 2011, on the strength of renewed exports. Over the longer term, the government hopes to establish a new growth path that focuses on raising productivity, which has sunk to a compound annual growth rate of just 1.8% in the last decade. Singapore has attracted major investments in pharmaceuticals and medical technology production and will continue efforts to establish Singapore as Southeast Asia's financial and high-tech hub.

 

Source : CIA

 

 

 

 

Company Name:

Registered Number:

NEW CONTINENT ENTERPRISES (PRIVATE) LIMITED

196700412E

 

Date Incorporated:

Registered Office:

Telephone Number:

18/11/1967

7 TEMASEK BOULEVARD #18-03 SUNTEC TOWER ONE SINGAPORE 038987

6332 2292

Age of Company:

Website:

Industry Type:

46

NA

COMMERCE-WHOLESALE

 

 

Risk Dashboard

Days Beyond Terms

Trend:

No. of Litigation Counts:

Company DTC:

0

8

Payment pattern as per previous month

No. of Charges(s):
0

Industry DTC

 

27

 

Directors

 

Corporate Structure

Number of Current Directors

8

Holding Company:

HONG WAN COMPANY LIMITED

Number that are shareholders

1

No. of Subsidiaries & Associated Companies:

NA

 

Company name

 

NEW CONTINENT ENTERPRISES (PRIVATE) LIMITED

 

 

EXECUTIVE SUMMARY

 

Company Name

:

NEW CONTINENT ENTERPRISES (PRIVATE) LIMITED

Registration No

:

196700412E

Date of Registration

:

18/11/1967

Former Name

:

NA

Date of Change of Name

:

NA

Type of Company

:

LIMITED PRIVATE COMPANY

Registered Address

:

7 TEMASEK BOULEVARD #18-03 SUNTEC TOWER ONE SINGAPORE 038987

Date of Change of Address

:

01/11/2010

Contact No.

:

6332 2292

Fax No.

:

6332 2212

Website

:

NA

Registered Activities

:

1. GENERAL WHOLESALE TRADE (INCLUDING GENERAL IMPORTERS AND EXPORTERS)

2. WHOLESALE ON A FEE OR CONTRACT BASIS (EG COMMISSION AGENTS)

IMPORTER & EXPORTER OF VEGETABLE OILS/FATS & NATURAL RUBBER

Issued Ordinary Capital*

:

$35,000,000.00 SINGAPORE, DOLLAR, NO. OF SHARE : 35,000,000

Issued Preference Capital

:

NA

Paid-Up Ordinary Capital

:

$35,000,000.00 SINGAPORE, DOLLARS

Paid-Up Preference Capital

:

NA

* Number of Shares includes number of Issued Treasury Shares

Issued Treasury Capital

:

NA

Paid-Up Treasury Capital

:

NA

No. of Local Subsidiaries

:

NA

No. of Local Associates

:

NA

Auditor

:

DP & ASSOCIATES

Bankers / Financiers

:

THE HONGKONG AND SHANGHAI BANKING CORPORATION LIMITED

Turnover

:

SGD - SIN 898,966,054.00 (FY2012)

Net Worth

:

SGD - SIN 22,428,677.00 (FY2012)

No. of Bank Charges

:

0

No. of Litigation Suits

:

0

S1000 / SME 1000 / FG50 Ranking

:

668 POSITION IN Singapore 1000 Companies Ranked by Sales/Turnover (2011/2012)

709 POSITION IN Singapore 1000 Companies Ranked by Sales/Turnover (2010/2011)

1117 POSITION IN Singapore 1000 Companies Ranked by Sales/Turnover (2009/2010)

1386 POSITION IN Singapore 1000 Companies Ranked by Sales/Turnover (2008/2009)

889 POSITION IN Singapore 1000 Companies Ranked by Sales/Turnover (2007/2008)

Compounded Annual Growth Rate (CAGR)

:

69.68% (4 years)

 

 

SHAREHOLDER DETAILS

 

NAME

:

HONG WAN COMPANY LIMITED

SHAREHOLDER ID

:

T06UF0486B

NATIONALITY

:

NA

ADDRESS

:

THE GRAND PAVILLION COMMERCIAL CENTRE, WEST BAY ROAD, P.O. BOX 2428 GRAND CAYMAN, KY1-1105 CAYMAN ISLANDS

NO. OF ORD SHARES

:

35,000,000

% OF SHAREHOLDING

:

100%

CURRENCY

:

SINGAPORE, DOLLARS

 

 

OFFICER DETAILS

 

NAME

:

WESLEY WIDJAJA

ADDRESS

:

6 WOODLEIGH CLOSE 8@WOODLEIGH SINGAPORE 357902

POSITION

:

DIRECTOR

DATE OF APPT

:

17/08/2005

NATIONALITY

:

AMERICAN

I/C PASSPORT

:

F0852346X

 

NAME

:

DOROTHY HO LAI YONG

ADDRESS

:

60 LAKESIDE DRIVE #08-41 CASPIAN SINGAPORE 648320

POSITION

:

SECRETARY

DATE OF APPT

:

02/05/2006

NATIONALITY

:

SINGAPORE CITIZEN

I/C PASSPORT

:

S1105012C

 

NAME

:

OEI HONG BIE @ NG KIM TJING @ HADI WIDJAJA

ADDRESS

:

27 CLAYMORE ROAD #19-02 CLAYMORE, THE SINGAPORE 229544

POSITION

:

DIRECTOR

DATE OF APPT

:

03/07/1979

NATIONALITY

:

SINGAPORE P.R.

I/C PASSPORT

:

S2160222A

 

NAME

:

LINDA OEI SWAN CHU

ADDRESS

:

18 JALAN TANAH PUTEH SINGAPORE 457341

POSITION

:

DIRECTOR

DATE OF APPT

:

09/01/1996

NATIONALITY

:

SINGAPORE CITIZEN

I/C PASSPORT

:

S2165246F

 

NAME

:

NG WEI SAN @ OEI WEI SAN @ WILSON HASAN WIDJAJA

ADDRESS

:

33 WATTEN DRIVE WATTEN ESTATE SINGAPORE 287668

POSITION

:

DIRECTOR

DATE OF APPT

:

06/09/1985

NATIONALITY

:

SINGAPORE P.R.

I/C PASSPORT

:

S2176076E

 

NAME

:

ANOOP SINGH

ADDRESS

:

27 BALMORAL ROAD #16-29 BALMORAL TOWER SINGAPORE 259808

POSITION

:

DIRECTOR

MANAGING DIRECTOR

DATE OF APPT

:

01/07/1997

01/07/1997

NATIONALITY

:

SINGAPORE CITIZEN

I/C PASSPORT

:

S2598501Z

 

NAME

:

SHI RONGZHENG

ADDRESS

:

56 TANAH MERAH KECHIL AVENUE CASA MERAH SINGAPORE 465527

POSITION

:

DIRECTOR

DATE OF APPT

:

08/03/2012

NATIONALITY

:

SINGAPORE CITIZEN

I/C PASSPORT

:

S2727272Z

 

 

OFFICER DETAILS

 

NAME

:

CHRISTIAN TOLLKUEHN

ADDRESS

:

87 HILLVIEW AVENUE #10-09 PETALS, THE SINGAPORE 669623

POSITION

:

DIRECTOR

DATE OF APPT

:

21/01/2013

NATIONALITY

:

SINGAPORE P.R.

I/C PASSPORT

:

S6961341A

 

NAME

:

PINIWATY AGAM

ADDRESS

:

6 PEACH GARDEN #03-08 PEACH GARDEN SINGAPORE 437606

POSITION

:

DIRECTOR

DATE OF APPT

:

01/06/2006

NATIONALITY

:

SINGAPORE P.R.

I/C PASSPORT

:

S7574587G

 

 

KEY PERSONNEL PROFILE

 

Name:

OEI HONG BIE @ NG KIM TJING @ HADI WIDJAJA

NRIC Number:

S2160222A

Available Address:

27 CLAYMORE ROAD #19-02 CLAYMORE, THE  SINGAPORE 229544

 

Current Business Interest

 

No.

Name

Position

Appt Date

#of Share

%

1

KIAN ING INVESTMENTS PRIVATE LIMITED

DIRECTOR

21/03/2011

-

NA

2

NEW CONTINENT ENTERPRISES (EDIBLE OILS) PTE. LTD.

DIRECTOR

06/11/2012

-

NA

3

NEW CONTINENT ENTERPRISES (PRIVATE) LIMITED

DIRECTOR

03/07/1979

-

NA

4

SINGAPORE TONG TEIK (PRIVATE) LIMITED

DIRECTOR

04/07/1969

-

NA

 

Previous Business

 

No.

Name

 

 

Status

Position

Appt Date

Last Known Inactive Date

1

BRILLIANCE INDUSTRIAL & INVESTMENT CO (PTE) LTD

STRUCK OFF

DIRECTOR

16/03/1973

31/12/1987

2

BRILLIANCE INDUSTRIAL & INVESTMENT CO (PTE) LTD

STRUCK OFF

SHAREHOLDER

-

-

3

BRILLIANT HORSE INVESTMENT PTE LTD

STRUCK OFF

DIRECTOR

05/07/1990

12/04/2001

4

CHROME WHEELS PTE LTD

DISSOLVED - MEMBERS' VOLUNTARY WINDING UP

DIRECTOR

19/04/1999

12/01/2005

5

EE HOE HEAN CLUB

LIVE COMPANY

DIRECTOR

05/06/1999

02/04/2013

6

NEW CONTINENT ENTERPRISES (PRIVATE) LIMITED

LIVE COMPANY

MANAGING DIRECTOR

11/07/1989

28/02/2013

7

NEW CONTINENT ENTERPRISES (PRIVATE) LIMITED

LIVE COMPANY

SHAREHOLDER

-

28/02/2013

8

PULAU TRADING & INVESTMENT PTE LTD

STRUCK OFF

DIRECTOR

19/06/1998

20/03/2007

9

PULAU TRADING & INVESTMENT PTE LTD

STRUCK OFF

SHAREHOLDER

-

17/04/2007

10

RCMA COMMODITIES ASIA PTE LTD

LIVE COMPANY

DIRECTOR

06/07/1998

17/04/2013

11

SIN HUAT HOLDINGS (S) PTE LTD

STRUCK OFF

DIRECTOR

25/06/1980

01/02/1985

 

 

KEY PERSONNEL PROFILE

 

Previous Business (Cont’d)

 

12

SINGAPORE COMMODITY EXCHANGE LIMITED

LIVE COMPANY

DIRECTOR

28/07/1992

14/03/2013

13

SINGAPORE COMMODITY EXCHANGE LIMITED

LIVE COMPANY

DIRECTOR

30/06/2008

14/03/2013

14

SINGAPORE TONG TEIK (PRIVATE) LIMITED

LIVE COMPANY

MANAGING DIRECTOR

04/07/1969

16/04/2013

15

SINGAPORE TONG TEIK (PRIVATE) LIMITED

LIVE COMPANY

SHAREHOLDER

-

16/04/2013

16

TONG TEIK PTE LTD

LIVE COMPANY

DIRECTOR

06/07/1998

17/04/2013

17

TONG TEIK PTE LTD

LIVE COMPANY

MANAGING DIRECTOR

30/07/1998

17/04/2013

18

TONG TEIK PTE LTD

LIVE COMPANY

MANAGING DIRECTOR

09/01/2003

17/04/2013

 

Bankruptcy Record

 

Case No.

Year

Date of Filing

Petitioner Name

Amount

No Trace

 

 

 

 

 

Litigation Search – Writ of Summons

 

Court

Case No.

Transfer

Year

Date of Filing

Amount

Cause Category

No Trace

 

 

 

 

 

 

 

 

SUBSIDIARIES AND ASSOCIATE COMPANIES

 

Company

Shareholdings (%)

 

NA

 

 

 

BANKERS/ FINANCIERS

 

Subject enjoys a normal banking routine with its bankers. To date, there have been 1 bank charges registered against Subject by its bankers. The charge numbers are:

 

1)

Charge No.

:

C200810760

 

Date of Registration

:

02/12/2008

 

Chargee

:

THE HONGKONG AND SHANGHAI BANKING CORPORATION LIMITED

 

Amount Secured  and Currency

:

All Monies

 

Address

:

21 COLLYER QUAY #14-01 HSBC BUILDING SINGAPORE 049320

 

 

LITIGATION

 

The following litigation suits were traced against Subject.

 

To date, there have been 1 litigation suits filed against Subject.

 

 

Current Year

On/After 01 Jan 2013

Past Years

Bef 01 Jan 2013

 

Court (Claim under normal circumstances)

Magistrate (< $80,000)

0

0

District ($80,000 - $250,000)

0

0

High (>$250,000)

0

1

 

Winding Up Trace

 

No

In litigation/Dissolved/Struck Off/In receivership

No

 

The details are as follows:

 

1)

Court

:

Supreme Court

 

Case No.

:

2348

 

Transfer

:

-

 

Date of Filing

:

13/11/1991

 

Amount

:

39,064.17

 

Cause

:

Contracts - General

 

Case Status

:

CONCLUDED

 

Plaintiff

:

CHEMPRO (PROPRIETARY) LTD (FORMERLY KNOWN AS JOHN BEITH (CHEMICALS & SALES) (PROPRIETARY LTD).

 

Last Update Date

:

04/08/2008

 

 

COMPLIANCE

 

Date of Last AGM

:

19/11/2012

Date of Last AR

:

06/12/2012

Date of A/C Laid At Last AGM

:

30/06/2012

 

 

COMPLIANCE RATING FOR ANNUAL FILING

 

ANNUAL GENERAL MEETING,ANNUAL RETURN AND ACCOUNTS UP-TO-DATE

 

Note:

 

Provided by ACRA (Accounting and Corporate Regulatory Authority), the Compliance Rating for Annual Filing measures a company’s compliance with the provisions under S175, S197 or S201 of the Companies Act, Cap. 50.

 

Applicable to all “Live” locally incorporated companies except for the Limited Partnerships, Limited Liability Partnerships, Business Entities, Foreign Companies and Public Accounting Firms, the rating provide information on whether a company is up-to-date with the holding of its Annual General Meeting (AGM) with up-to-date financial statements and filing of its Annual Return (AR).

 

For more information: www.acra.gov.sg/compliance

 

 

FINANCIAL HIGHLIGHTS

 

Financial Figures

Group

 

JUN 2012

% Change

JUN 2011

JUN 2010

JUN 2009

JUN 2008

Currency

SGD - SIN

 

SGD - SIN

SGD - SIN

SGD - SIN

SGD - SIN

Profit and Loss Key Figures

 

 

 

 

 

 

Turnover

898,966,054

94.10

463,137,879

361,593,675

182,258,766

108,446,935

Profit/(Loss) Before Tax

(2,055,844)

NA

2,379,319

(3,998,658)

1,367,158

161,131

Profit After Tax attributable to Shareholders

(1,788,516)

NA

2,035,875

(3,938,349)

1,003,993

152,334

 

 

 

 

 

 

 

Balance Sheet Key Figures

 

 

 

 

 

 

Total Assets

75,505,946

26.20

59,832,331

56,295,034

56,574,224

19,841,284

Current Assets

74,839,117

31.73

56,814,651

48,695,275

50,055,030

11,158,486

Non Current Assets

666,829

-77.90

3,017,680

7,599,759

6,519,194

8,682,798

 

 

 

 

 

 

 

Total Liabilities

53,077,269

48.47

35,749,674

41,391,594

39,537,634

3,543,606

Current Liabilities

53,077,269

48.47

35,748,904

41,391,594

39,537,634

3,543,606

Non Current Liabilities

0

-100.00

770

0

0

0

 

 

 

 

 

 

 

Shareholders' Funds

22,428,677

-6.87

24,082,657

14,903,440

17,036,590

16,297,678

Share Capital

20,000,000

17.65

17,000,000

12,000,000

12,000,000

12,000,000

Total Reserves

2,428,677

-65.71

7,082,657

2,903,440

5,036,590

4,297,678

 

 

FINANCIAL RATIOS

 

 

Group

 

JUN 2012

JUN 2011

JUN 2010

JUN 2009

JUN 2008

Growth %

 

 

 

 

 

Year-on-Year Growth

94.10

28.08

98.40

68.06

NA

 

 

 

 

 

 

Profitability

 

 

 

 

 

Profit Margin (%)

NA

0.44

NA

0.55

0.14

Return on Equity (%)

NA

8.45

NA

5.89

0.93

Return on Assets (%)

NA

3.40

NA

1.77

0.77

 

 

 

 

 

 

Leverage

 

 

 

 

 

Total Debt/Equity (Times)

2.37

1.48

2.78

2.32

0.22

Current Debt/Equity (Times)

2.37

1.48

2.78

2.32

0.22

Long Term Debt To Equity (Times)

NA

0.00

NA

NA

NA

Total Asset To Total Equity (Times)

3.37

2.48

3.78

3.32

1.22

 

 

 

 

 

 

Asset Management

 

 

 

 

 

Total Assets Turnover (Times)

11.91

7.74

6.42

3.22

5.47

Fixed Assets Turnover (Times)

1,348.12

153.47

47.58

27.96

12.49

 

 

 

 

 

 

Liquidity

 

 

 

 

 

Current Ratio (Times)

1.41

1.59

1.18

1.27

3.15

 

 

FINANCIAL HIGHLIGHTS

 

Financial Figures

Company

 

JUN 2012

% Change

JUN 2011

JUN 2010

JUN 2009

JUN 2008

Currency

SGD - SIN

 

SGD - SIN

SGD - SIN

SGD - SIN

SGD - SIN

Profit and Loss Key Figures

 

 

 

 

 

 

Turnover

891,506,703

95.06

457,034,184

286,508,860

249,630,695

108,446,935

Profit/(Loss) Before Tax

(170,000)

NA

1,579,998

(3,766,632)

1,937,837

61,765

Profit After Tax attributable

 to Shareholders

(142,133)

NA

1,329,022

(3,765,630)

1,587,206

61,765

 

 

 

 

 

 

 

Balance Sheet Key Figures

 

 

 

 

 

 

Total Assets

76,429,674

29.47

59,033,967

56,751,101

56,929,363

19,775,042

Current Assets

63,556,718

73.30

36,675,270

29,367,186

11,561,616

11,104,479

Non Current Assets

12,872,956

-42.43

22,358,697

27,383,915

45,367,747

8,670,563

 

 

 

 

 

 

 

Total Liabilities

52,742,539

49.82

35,204,699

41,026,594

39,224,645

3,438,312

Current Liabilities

52,742,539

49.82

35,204,699

41,026,594

39,224,645

3,438,312

Non Current Liabilities

0

NA

0

0

0

0

 

 

 

 

 

 

 

Shareholders' Funds

23,687,135

-0.60

23,829,268

15,724,507

17,704,718

16,336,730

Share Capital

20,000,000

17.65

17,000,000

12,000,000

12,000,000

12,000,000

Total Reserves

3,687,135

-46.01

6,829,268

3,724,507

5,704,718

4,336,730

 

 

FINANCIAL RATIOS 

 

 

Company

 

JUN 2012

JUN 2011

JUN 2010

JUN 2009

JUN 2008

Growth %

 

 

 

 

 

Year-on-Year Growth

95.06

59.52

14.77

130.19

NA

 

 

 

 

 

 

Profitability

 

 

 

 

 

Profit Margin (%)

-0.02

0.29

-1.31

0.64

0.06

Return on Equity (%)

-0.60

5.58

-23.95

8.96

0.38

Return on Assets (%)

-0.19

2.25

-6.64

2.79

0.31

 

 

 

 

 

 

Leverage

 

 

 

 

 

Total Debt/Equity (Times)

2.23

1.48

2.61

2.22

0.21

Current Debt/Equity (Times)

2.23

1.48

2.61

2.22

0.21

Long Term Debt To Equity (Times)

0.00

0.00

0.00

0.00

0.00

Total Asset To Total Equity (Times)

3.23

2.48

3.61

3.22

1.21

 

 

 

 

 

 

Asset Management

 

 

 

 

 

Total Assets Turnover (Times)

11.66

7.74

5.05

4.38

5.48

Fixed Assets Turnover (Times)

69.25

20.44

10.46

5.50

12.51

 

 

 

 

 

 

Liquidity

 

 

 

 

 

Current Ratio (Times)

1.21

1.04

0.72

0.29

3.23

 

 

FINANCIAL COMMENTARY

 

Compound Annual Growth Rate

 

The company's CAGR is 69.68% (4 years).

 

CAGR is the year-over-year growth rate of a company over a specified period. Instead of looking at the average growth rate, CAGR allow users to look at the annualized growth rate of a company over a given period, a more indicative measure of growth of a company’s performance over a given period.

 

 

Profitability

We are unable to comment on Subject's profitability.

 

 

Liquidity

 

Current ratio stood at 1.41 times in FY12 (FY11: 1.59 times). This means that the group has SGD - SIN 1.41 of current assets for every SGD - SIN of current liability incurred.

 

A minimum figure of 1.0 would be considered the lowest limit that this figure should reach. Any business that has a current ratio near 1.0 may be heading for liquidity problems, and would need to be closely monitored. A figure greater than 2.0 would be more desirable, to act as a buffer against any short-term liquidity problems, and give creditors/bank managers a degree of comfort when granting credit/finance.

Leverage

Total debt-to-equity ratio notched 2.37 times in FY12, compared with 1.48 times in FY11. This means that the group requires additional external financing of SGD - SIN 2.37 for every SGD - SIN injected into its operations.

 

Generally, a total debt-to-equity ratio of less than 0.5 times is preferred. The ratio measures the proportion of the company's reliance on external debt for financing, relative to the shareholder's fund. A lower ratio would imply a greater financial safety and operating freedom for the company.

 

 

Efficiency Ratio

 

We are unable to comment on Subject's return on equity.

 

We are unable to comment on Subject's return on assets.

 

Total assets turnover ratio logged at 11.91 times in FY12 (FY11: 7.74 times). This ratio measures the group's ability to make productive use of its total assets to generate sales which reflects the efficiency of the management in utilising its resources.

 

FOREIGN EXCHANGE RATES

 

Currency
Unit

Indian Rupees

US Dollar

1

Rs.54.03

UK Pound

1

Rs.82.43

Euro

1

Rs.70.49

 

INFORMATION DETAILS

 

Report Prepared by :

SDA

 

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

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NB

New Business

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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%)

 

PRIVATE & CONFIDENTIAL : This information is provided to you at your request, you having employed MIPL for such purpose. You will use the information as aid only in determining the propriety of giving credit and generally as an aid to your business and for no other purpose. You will hold the information in strict confidence, and shall not reveal it or make it known to the subject persons, firms or corporations or to any other. MIPL does not warrant the correctness of the information as you hold it free of any liability whatsoever. You will be liable to and indemnify MIPL for any loss, damage or expense, occasioned by your breach or non observance of any one, or more of these conditions

This report is issued at your request without any risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL) or its officials.