|
Report Date : |
21.08.2013 |
IDENTIFICATION DETAILS
|
Name : |
SA CHI COMPANY LIMITED |
|
|
|
|
Registered Office : |
Area 3, Hai Hoa Ward, Cai City, Quang Ninh Province |
|
|
|
|
Country : |
Viet Nam |
|
|
|
|
Financials (as on) : |
31.12.2012 |
|
|
|
|
Date of Incorporation : |
2005 |
|
|
|
|
Com. Reg. No.: |
5700537166 |
|
|
|
|
Legal Form : |
Limited Liability Company |
|
|
|
|
Line of Business : |
Specialize in trust import and export. It acts as import-export agent,
intermediary. It often imports and exports goods on behalf and demand of
other companies. |
|
|
|
|
No. of Employees : |
20 |
RATING & COMMENTS
|
MIRA’s Rating : |
B |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
|
Status : |
Moderate |
|
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 – March 31st, 2013
|
Country Name |
Previous Rating (31.12.2012) |
Current Rating (31.03.2013) |
|
Vietnam |
B1 |
B1 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
|
Moderate |
B1 |
|
High |
B2 |
|
Very High |
C1 |
|
Restricted |
C2 |
|
Off-credit |
D |
VIETNAM - ECONOMIC OVERVIEW
Vietnam is a densely-populated developing country that has
been transitioning from the rigidities of a centrally-planned economy since 1986.
Vietnamese authorities have reaffirmed their commitment to economic
modernization in recent years. Vietnam joined the World Trade Organization in
January 2007, which has promoted more competitive, export-driven industries.
Vietnam became an official negotiating partner in the Trans-Pacific Partnership
trade agreement in 2010. Agriculture's share of economic output has continued
to shrink from about 25% in 2000 to less than 22% in 2012, while industry's
share increased from 36% to nearly 41% in the same period. State-owned
enterprises account for roughly 40% of GDP. Poverty has declined significantly,
and Vietnam is working to create jobs to meet the challenge of a labor force
that is growing by more than one million people every year. The global recession
hurt Vietnam's export-oriented economy, with GDP in 2012 growing at 5%, the
slowest rate of growth since 1999. In 2012, however, exports increased by more
than 18%, year-on-year; several administrative actions brought the trade
deficit back into balance. Between 2008 and 2011, Vietnam's managed currency,
the dong, was devalued in excess of 20%, but its value remained stable in 2012.
Foreign direct investment inflows fell 4.5% to $10.5 billion in 2012. Foreign
donors have pledged $6.5 billion in new development assistance for 2013. Hanoi
has oscillated between promoting growth and emphasizing macroeconomic stability
in recent years. In February 2011, the government shifted from policies aimed
at achieving a high rate of economic growth, which had stoked inflation, to
those aimed at stabilizing the economy, through tighter monetary and fiscal
control. Although Vietnam unveiled a broad, "three pillar" economic
reform program in early 2012, proposing the restructuring of public investment,
state-owned enterprises, and the banking sector, little perceptible progress
had been made by early 2013. Vietnam's economy continues to face challenges
from an undercapitalized banking sector. Non-performing loans weigh heavily on
banks and businesses. In September 2012, the official bad debt ratio climbed to
8.8%, though some independent analysts believe it could be higher than 15%.
Source
: CIA
SUBJECT IDENTIFICATION &
LEGAL FORM
|
||
|
|
||
Current legal status
|
||
|
English Name |
|
SA CHI COMPANY LIMITED |
|
Vietnamese Name |
|
CONG TY TNHH SA CHI |
|
Short name |
|
SCI CO., LTD |
|
Type of Business |
|
Limited liability company |
|
Year Established |
|
2005 |
|
Business Registration No. |
|
5700537166 |
|
Date of Registration |
|
08 Apr 2010 |
|
Place of Registration |
|
Quang Ninh Planning and Investment
Department |
|
Chartered capital |
|
VND 8,000,000,000 |
|
Status |
|
Unlisted |
|
Tax code |
|
5700537166 |
|
Total Employees |
|
20 |
|
Size |
|
Small |
|
Note: The correct name of the subject is above. There
is a space between SA and CHI. |
||
Historical Identification & Legal form
|
List |
Changed Items |
Date of changes |
|
1 |
Subject has got former chartered capital:
4,300,000,000 VND Changed to: 8,000,000,000 VND |
08
Apr 2010 |
|
2 |
Subject has got former Business
Registration No: 2202000870 dated 25 March 2005 Changed to: 5700537166 |
08
Apr 2010 |
|
3 |
Subject has got former Address: No. 1, Le Hong
Phong, Mong Cai City, Quang Ninh Province, Vietnam Changed to: Area 3, Hai Hoa Ward, Mong Cai
City, Quang Ninh Province, Vietnam |
N/A |
ADDRESSES
|
||
|
|
||
|
Head Office |
||
|
Address |
|
Area 3, Hai Hoa Ward, Mong Cai City, Quang
Ninh Province, Vietnam |
|
Telephone |
|
(84-33) 3778765 |
|
Fax |
|
(84-33) 3778898 |
|
|
||
|
Branch in Ho Chi
Minh |
||
|
Address |
|
No. 26-27, Tran Van Kieu Street, Ward 10,
5 District, Ho Chi Minh City, Vietnam |
|
|
||
DIRECTORS
|
||
|
|
||
|
1.
NAME |
|
Mr.
TRAN VAN SON |
|
Position |
|
Director |
|
Date of Birth |
|
20 Jan 1972 |
|
ID Number/Passport |
|
022706503 |
|
ID Issue Date |
|
09 Jul 1996 |
|
ID Issue Place |
|
Ho Chi Minh police |
|
Resident |
|
44B Ham Tu, 1 Ward, 5
District, Ho Chi Minh City, Vietnam |
|
Nationality |
|
Vietnamese |
|
|
||
|
2.
NAME |
|
Ms.
LE THUY QUYNH |
|
Position |
|
Deputy Director |
|
Nationality |
|
Vietnamese |
|
|
||
BUSINESS NATURE AND ACTIVITIES
|
|
|
|
The
subject specializes in trust import and export. It acts as import-export
agent, intermediary. It often imports and exports goods on behalf and demand
of other companies. |
|
|
|
IMPORT & EXPORT ACTIVITIES |
||
|
|
||
|
EXPORT: |
||
|
·
Types of products |
|
Agricultural products |
|
·
Market |
|
China |
|
·
Mode of payment |
|
TTR |
|
|
||
|
|
||
|
IMPORT: |
||
|
·
Types of products |
|
Agricultural products |
|
·
Market |
|
India... |
|
·
Mode of payment |
|
TTR |
|
|
||
BANKERS
|
||
|
|
||
|
JOINT
STOCK COMMERCIAL BANK FOR FOREIGN TRADE OF VIETNAM MONG CAI BRANCH |
||
|
Address |
|
No.2 Van Don, Mong Cai City, Quang Ninh Province, Vietnam |
|
Telephone |
|
(84-33) 3882193 |
|
Fax |
|
(84-33) 3881676 |
|
|
||
SHAREHOLDERS
|
||
|
|
||
|
1.
NAME |
|
Mr.
TRAN VAN SON |
|
Position |
|
Director |
|
Date of Birth |
|
20 Jan 1972 |
|
ID Number/Passport |
|
022706503 |
|
Issued on |
|
09 Jul 1996 |
|
Issued Place |
|
Ho Chi Minh police |
|
Resident |
|
44B Ham Tu, 1 Ward, 5 District, Ho Chi
Minh City, Vietnam |
|
Nationality |
|
Vietnamese |
|
Value of shares |
|
VND 4,400,000,000 |
|
Percentage |
|
55% |
|
|
||
|
2.
NAME |
|
Ms.
DAO THI KHANH |
|
ID Number/Passport |
|
100519745 |
|
Resident |
|
Group 3 Hai Hoa Ward, Mong Cai City, Quang
Ninh Province, Vietnam |
|
Nationality |
|
Vietnamese |
|
Value of shares |
|
VND 3,000,000,000 |
|
Percentage |
|
37.5% |
|
|
||
|
3.
NAME |
|
Mr.
TRAN TRUNG THUY |
|
ID Number/Passport |
|
022756594 |
|
Resident |
|
44B Ham Tu, 1 Ward, 5 District, Ho Chi
Minh City, Vietnam |
|
Nationality |
|
Vietnamese |
|
Value of shares |
|
VND 400,000,000 |
|
Percentage |
|
5% |
|
|
||
|
4.
NAME |
|
Mr.
DO DUY CHUNG |
|
ID Number/Passport |
|
100774793 |
|
Resident |
|
Group 2 Trung Vuong Ward, Uong Bi
District, Quang Ninh Province, Vietnam |
|
Nationality |
|
Vietnamese |
|
Value of shares |
|
VND 200,000,000 |
|
Percentage |
|
2.5% |
|
|
||
FINANCIAL DATA
|
|||
|
The financial
data of the subject in 2010 is not available in our source. |
|||
|
|
|||
|
BALANCE
SHEET |
|||
Unit: One VND
|
|||
|
Balance sheet
date |
31/12/2012 |
31/12/2011 |
31/12/2009 |
|
Number of weeks |
52 |
52 |
52 |
ASSETS
|
|||
|
A – CURRENT
ASSETS |
22,928,000,000 |
20,118,000,000 |
60,343,000,000 |
|
I. Cash and cash
equivalents |
1,646,000,000 |
1,488,000,000 |
1,169,000,000 |
|
1. Cash |
1,646,000,000 |
1,488,000,000 |
1,169,000,000 |
|
2. Cash equivalents |
0 |
0 |
0 |
|
II. Short-term
investments |
20,138,000,000 |
0 |
0 |
|
1. Short-term investments |
8,674,000,000 |
0 |
0 |
|
2. Provisions for devaluation of short-term investments |
11,464,000,000 |
0 |
0 |
|
III. Accounts
receivable |
687,000,000 |
17,895,000,000 |
15,951,000,000 |
|
1. Receivable from customers |
687,000,000 |
8,655,000,000 |
8,881,000,000 |
|
2. Prepayments to suppliers |
0 |
9,240,000,000 |
7,070,000,000 |
|
3. Inter-company receivable |
0 |
0 |
0 |
|
4. Receivable according to the progress of construction |
0 |
0 |
0 |
|
5. Other receivable |
0 |
0 |
0 |
|
6. Provisions for bad debts |
0 |
0 |
0 |
|
IV. Inventories |
0 |
484,000,000 |
40,476,000,000 |
|
1. Inventories |
0 |
484,000,000 |
40,476,000,000 |
|
2. Provisions for devaluation of inventories |
0 |
0 |
0 |
|
V. Other Current
Assets |
457,000,000 |
251,000,000 |
2,747,000,000 |
|
1. Short-term prepaid expenses |
0 |
251,000,000 |
471,000,000 |
|
2. VAT to be deducted |
457,000,000 |
0 |
2,276,000,000 |
|
3. Taxes and other accounts receivable from the State |
0 |
0 |
0 |
|
4. Other current assets |
0 |
0 |
0 |
|
B. LONG-TERM
ASSETS |
10,615,000,000 |
7,485,000,000 |
7,788,000,000 |
|
I. Long term
accounts receivable |
0 |
0 |
0 |
|
1. Long term account receivable from customers |
0 |
0 |
0 |
|
2. Working capital in affiliates |
0 |
0 |
0 |
|
3. Long-term inter-company receivable |
0 |
0 |
0 |
|
4. Other long-term receivable |
0 |
0 |
0 |
|
5. Provisions for bad debts from customers |
0 |
0 |
0 |
|
II. Fixed assets
|
9,308,000,000 |
7,446,000,000 |
7,725,000,000 |
|
1. Tangible assets |
8,623,000,000 |
6,796,000,000 |
7,075,000,000 |
|
- Historical costs |
11,639,000,000 |
10,799,000,000 |
8,696,000,000 |
|
- Accumulated depreciation |
-3,016,000,000 |
-4,003,000,000 |
-1,621,000,000 |
|
2. Financial leasehold assets |
0 |
0 |
0 |
|
- Historical costs |
0 |
0 |
0 |
|
- Accumulated depreciation |
0 |
0 |
0 |
|
3. Intangible assets |
685,000,000 |
650,000,000 |
650,000,000 |
|
- Initial costs |
685,000,000 |
650,000,000 |
650,000,000 |
|
- Accumulated amortization |
0 |
0 |
0 |
|
4. Construction-in-progress |
0 |
0 |
0 |
|
III. Investment
property |
0 |
0 |
0 |
|
Historical costs |
0 |
0 |
0 |
|
Accumulated depreciation |
0 |
0 |
0 |
|
IV. Long-term
investments |
0 |
0 |
0 |
|
1. Investments in affiliates |
0 |
0 |
0 |
|
2. Investments in business concerns and joint ventures |
0 |
0 |
0 |
|
3. Other long-term investments |
0 |
0 |
0 |
|
4. Provisions for devaluation of long-term investments |
0 |
0 |
0 |
|
V. Other
long-term assets |
1,307,000,000 |
39,000,000 |
63,000,000 |
|
1. Long-term prepaid expenses |
1,307,000,000 |
39,000,000 |
63,000,000 |
|
2. Deferred income tax assets |
0 |
0 |
0 |
|
3. Other long-term assets |
0 |
0 |
0 |
|
VI. Goodwill |
0 |
|
|
|
1. Goodwill |
0 |
|
|
|
TOTAL ASSETS |
33,543,000,000 |
27,603,000,000 |
68,131,000,000 |
|
|
|||
LIABILITIES
|
|||
|
A- LIABILITIES |
22,103,000,000 |
16,658,000,000 |
62,644,000,000 |
|
I. Current
liabilities |
20,776,000,000 |
16,558,000,000 |
60,844,000,000 |
|
1. Short-term debts and loans |
9,902,000,000 |
8,492,000,000 |
9,152,000,000 |
|
2. Payable to suppliers |
346,000,000 |
202,000,000 |
659,000,000 |
|
3. Advances from customers |
10,104,000,000 |
7,421,000,000 |
782,000,000 |
|
4. Taxes and other obligations to the State Budget |
138,000,000 |
144,000,000 |
51,000,000 |
|
5. Payable to employees |
0 |
0 |
0 |
|
6. Accrued expenses |
0 |
0 |
0 |
|
7. Inter-company payable |
0 |
0 |
0 |
|
8. Payable according to the progress of construction contracts |
0 |
0 |
0 |
|
9. Other payable |
286,000,000 |
299,000,000 |
50,200,000,000 |
|
10. Provisions for short-term accounts payable |
0 |
0 |
0 |
|
11. Bonus and welfare funds |
0 |
0 |
|
|
II. Long-Term
Liabilities |
1,327,000,000 |
100,000,000 |
1,800,000,000 |
|
1. Long-term accounts payable to suppliers |
0 |
0 |
0 |
|
2. Long-term inter-company payable |
0 |
0 |
0 |
|
3. Other long-term payable |
0 |
0 |
0 |
|
4. Long-term debts and loans |
1,327,000,000 |
100,000,000 |
1,800,000,000 |
|
5. Deferred income tax payable |
0 |
0 |
0 |
|
6. Provisions for unemployment allowances |
0 |
0 |
0 |
|
7. Provisions for long-term accounts payable |
0 |
0 |
0 |
|
8. Unearned Revenue |
0 |
|
|
|
9. Science and technology development fund |
0 |
|
|
|
B- OWNER’S
EQUITY |
11,440,000,000 |
10,945,000,000 |
5,487,000,000 |
|
I. OWNER’S
EQUITY |
11,440,000,000 |
10,945,000,000 |
5,487,000,000 |
|
1. Capital |
8,000,000,000 |
8,000,000,000 |
4,300,000,000 |
|
2. Share premiums |
0 |
0 |
0 |
|
3. Other sources of capital |
0 |
0 |
0 |
|
4. Treasury stocks |
0 |
0 |
0 |
|
5. Differences on asset revaluation |
0 |
0 |
0 |
|
6. Foreign exchange differences |
0 |
0 |
0 |
|
7. Business promotion fund |
0 |
0 |
0 |
|
8. Financial reserved fund |
0 |
0 |
0 |
|
9. Other funds |
0 |
0 |
0 |
|
10. Retained earnings |
3,440,000,000 |
2,945,000,000 |
1,187,000,000 |
|
11. Construction investment fund |
0 |
0 |
0 |
|
12. Business arrangement supporting fund |
0 |
|
|
|
II. Other
sources and funds |
0 |
0 |
0 |
|
1. Bonus and welfare funds (Elder form) |
|
0 |
0 |
|
2. Sources of expenditure |
0 |
0 |
0 |
|
3. Fund to form fixed assets |
0 |
0 |
0 |
|
MINORITY’S
INTEREST |
0 |
0 |
|
|
TOTAL
LIABILITIES AND OWNER’S EQUITY |
33,543,000,000 |
27,603,000,000 |
68,131,000,000 |
|
|
|||
|
PROFIT
& LOSS STATEMENT |
|||
|
|
|||
|
Description |
FY2012 |
FY2011 |
FY2009 |
|
1. Total Sales |
474,945,000,000 |
260,368,000,000 |
114,873,000,000 |
|
2. Deduction item |
0 |
0 |
0 |
|
3. Net revenue |
474,945,000,000 |
260,368,000,000 |
114,873,000,000 |
|
4. Costs of goods sold |
456,487,000,000 |
248,333,000,000 |
105,221,000,000 |
|
5. Gross profit |
18,458,000,000 |
12,035,000,000 |
9,652,000,000 |
|
6. Financial income |
941,000,000 |
2,046,000,000 |
4,000,000 |
|
7. Financial expenses |
772,000,000 |
1,993,000,000 |
715,000,000 |
|
- In which: Loan interest expenses |
0 |
0 |
0 |
|
8. Selling expenses |
16,969,000,000 |
9,678,000,000 |
7,725,000,000 |
|
9. Administrative overheads |
935,000,000 |
975,000,000 |
595,000,000 |
|
10. Net operating profit |
723,000,000 |
1,435,000,000 |
621,000,000 |
|
11. Other income |
1,306,000,000 |
1,138,000,000 |
0 |
|
12. Other expenses |
1,430,000,000 |
1,183,000,000 |
0 |
|
13. Other profit /(loss) |
-124,000,000 |
-45,000,000 |
0 |
|
14. Total accounting profit before tax |
599,000,000 |
1,390,000,000 |
621,000,000 |
|
15. Current corporate income tax |
105,000,000 |
243,000,000 |
109,000,000 |
|
16. Deferred corporate income tax |
0 |
0 |
0 |
|
17. Interest from subsidiaries/related companies |
|
|
|
|
18. Profit after tax |
494,000,000 |
1,147,000,000 |
512,000,000 |
|
|
||||
|
FINANCIAL RATIOS
AND AVERAGE INDUSTRY RATIOS |
||||
|
|
||||
|
Description |
FY2012 |
FY2011 |
FY2009 |
Average Industry |
|
Current liquidity ratio |
1.10 |
1.22 |
0.99 |
1.25 |
|
Quick liquidity ratio |
1.10 |
1.19 |
0.33 |
0.71 |
|
Inventory circle |
- |
513.08 |
2.60 |
20.29 |
|
Average receive period |
0.53 |
25.09 |
50.68 |
61.81 |
|
Utilizing asset performance |
14.16 |
9.43 |
1.69 |
2.53 |
|
Liability by total assets |
65.89 |
60.35 |
91.95 |
69.15 |
|
Liability by owner's equity |
193.21 |
152.20 |
1,141.68 |
261.12 |
|
Ebit / Total assets (ROA) |
1.79 |
5.04 |
0.91 |
9.66 |
|
Ebit / Owner's equity (ROE) |
5.24 |
12.70 |
11.32 |
41.58 |
|
Ebit / Total revenue (NPM) |
0.13 |
0.53 |
0.54 |
4.49 |
|
Gross profit / Total revenue (GPM) |
3.89 |
4.62 |
8.40 |
9.69 |
|
Note: The Average Industry was calculated by VietnamCredit based on our own
statistical data |
||||
|
|
||||
PAYMENT HISTORY & PERFORMANCE EXPERIENCES
|
||
|
|
||
|
Trade Morality |
|
Fair |
|
Liquidity |
|
Medium |
|
Payment status |
|
Average |
|
Financial Situation |
|
Above Average |
|
Development trend |
|
Developing |
|
Litigation data |
|
No Record |
|
Bankruptcy |
|
No Record |
|
Payment Methods |
|
The subject mainly pays in term of TTR |
|
Sale Methods |
|
To contracts |
|
Public opinion |
|
Normal |
|
|
INTERPRETATION ON THE SCORES
|
|
|
|
SA CHI COMPANY LIMITED was found in 2005 under the
business registration No. 2202000870 dated 25 March 2005 by Quang Ninh
Planning and Investment Department. The latest business registration No.
5700537166 was updated on 08 April 2010 for the tax code coincidence. Its
current chartered capital is VND 8 billion.
Head office is locates at Area 3, Hai Hoa Ward,
Mong Cai City, Quang Ninh Province. The subject opened another branch at Tran
Van Kieu Street, Ho Chi Minh City in 2010. Since establishment, it operates
as a trust import and export agent. The subject does not import goods for
trade or distribution, but on behalf of other companies on demand. Therefore,
products imported and imported markets are various. The subject also takes
over trust export, in which it acts as supplier's representative. It often exports
agriculture products to China. As the subject only imports on behalf of other
companies, payments for imported goods are made through other companies. According to Mr. Son - a staff of the subject, currently, its business line has been added, including hotel and restaurant services. Based on the latest financial statements,
financial situation of the subject seems above average. Although total sales
increased year on year, total assets lessened. In 2012, the total assets
slumped 50% against 2009 while the revenue soared. In term of financial
ratios, excepting for the profitability, the other financial factors are
acceptable in relation to the average industry. In general, the subject is a small company operating as import-export agent. Its reputation is not very remarkable in the industry. The company is only reliable for small commitments. |
------------ APPENDIX ----------
INDUSTRY DATA
|
||||||
|
|
||||||
|
Industry code |
GDP growth speed
by price compared with 1994 (%) |
Total enterprises
2010 |
Total employees
2011 (Thous.pers.) |
Annual average
capital of enterprises 2010 (billion dongs) |
||
|
2012 |
2011 |
|||||
|
Agriculture,
Forestry and Fishing |
2.72 |
4.00 |
8,887 |
24,362.9 |
95,227 |
|
|
Industry and
Construction |
4.52 |
5.53 |
95,217 |
10,718.9 |
3,641,376 |
|
|
Trade and
Services |
6.42 |
6.69 |
187,195 |
15,270.2 |
6,957,082 |
|
|
|
||||||
ECONOMIC INDICATORS
|
||||||
|
|
||||||
|
|
2012 |
2011 |
2010 |
|||
|
Population (Million person) |
88.78 |
87.84 |
86.93 |
|||
|
Gross Domestic Products (USD billion) |
136 |
119 |
102.2 |
|||
|
GDP Growth (%) |
5.03 |
5.89 |
6.78 |
|||
|
GDP Per Capita (USD/person/year) |
1,540 |
1,300 |
1,160 |
|||
|
Inflation (% Change in Composite CPI) |
9.21 |
18.58 |
11.75 |
|||
|
State Budget Deficit compared with GDP (%) |
4.8 |
4.9 |
5.8 |
|||
|
|
||||||
SERVICE TRADE PERFORMANCE
|
||||||
|
|
||||||
|
Billion
USD |
2012 |
2011 |
2010 |
|||
|
Exports |
114.6 |
96.3 |
72.2 |
|||
|
Imports |
114.3 |
105.8 |
84.8 |
|||
|
Trade Balance |
0.3 |
-9.5 |
-12.6 |
|||
Source: General
Statistics Office
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.63.46 |
|
|
1 |
Rs.99.42 |
|
Euro |
1 |
Rs.85.12 |
INFORMATION DETAILS
|
Report
Prepared by : |
PRL |
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.