|
Report Date : |
14.12.2013 |
IDENTIFICATION DETAILS
|
Name : |
SK GLOBAL CHEMICAL CO., LTD. |
|
|
|
|
Registered Office : |
99, Seorin-dong,
Jongno-gu, Seoul |
|
|
|
|
Country : |
South Korea |
|
|
|
|
Financials (as on) : |
30.09.2013 |
|
|
|
|
Date of Incorporation : |
04.01.2011 |
|
|
|
|
Com. Reg. No.: |
101-86-60116 |
|
|
|
|
Legal Form : |
Co., Ltd by Shares |
|
|
|
|
Line of Business : |
Manufacturer
of Petroleum Products, Chemicals & Lubricants |
|
|
|
|
No. of Employees : |
1,203 |
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 : |
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 – September 30th, 2013
|
Country Name |
Previous Rating (30.06.2013) |
Current Rating (30.09.2013) |
|
South Korea |
A1 |
A1 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
|
Moderate |
B1 |
|
High |
B2 |
|
Very High |
C1 |
|
Restricted |
C2 |
|
Off-credit |
D |
SOUTH KOREA - ECONOMIC
OVERVIEW
South Korea over the past four decades has demonstrated
incredible growth and global integration to become a high-tech industrialized
economy. In the 1960s, GDP per capita was comparable with levels in the poorer
countries of Africa and Asia. In 2004, South Korea joined the trillion dollar
club of world economies, and is currently the world's 12th largest economy.
Initially, a system of close government and business ties, including directed
credit and import restrictions, made this success possible. The government
promoted the import of raw materials and technology at the expense of consumer
goods, and encouraged savings and investment over consumption. The Asian
financial crisis of 1997-98 exposed longstanding weaknesses in South Korea's
development model including high debt/equity ratios and massive short-term
foreign borrowing. GDP plunged by 6.9% in 1998, and then recovered by 9% in
1999-2000. Korea adopted numerous economic reforms following the crisis,
including greater openness to foreign investment and imports. Growth moderated
to about 4% annually between 2003 and 2007. Korea''s export focused economy was
hit hard by the 2008 global economic downturn, but quickly rebounded in
subsequent years, reaching 6.3% growth in 2010. The US-South Korea Free Trade
Agreement was ratified by both governments in 2011 and went into effect in
March 2012. Throughout 2012 the economy experienced sluggish growth because of
market slowdowns in the United States, China, and the Eurozone. The incoming
administration in 2013, following the December 2012 presidential election, is
likely to face the challenges of balancing heavy reliance on exports with
developing domestic-oriented sectors, such as services. The South Korean
economy''s long term challenges include a rapidly aging population, inflexible
labor market, and heavy reliance on exports - which comprise half of GDP
Source
: CIA
|
Company Name |
SK GLOBAL CHEMICAL CO., LTD. (Korean Company Name : “에스케이종합화학(주)”) |
|
Registered
Address |
99, Seorin-dong,
Jongno-gu, Seoul, Korea |
|
Zip Code |
110-110 |
|
Tel |
+82-2-2121-5114 |
|
Fax |
+82-2-2121-7001 |
|
E-mail |
|
|
Website |
|
|
Trading Address |
99, Seorin-dong, Jongno-gu, Seoul, Korea (New Address System : 26, Jong-ro, Jongno-gu, Seoul, Korea) |
|
Tel |
+82-2-2121-5114 |
|
Fax |
+82-2-2121-7001 |
|
Other Address-R&D Center |
140-1, Wonchon-dong, Yuseong-gu, Daejeon, Korea |
|
Tel |
+82-42-866-7301 |
|
Fax |
+82-42-866-7302 |
|
Other Address-Ulsan Complex |
110, Gosa-dong, Nam-gu, Ulsan, Korea |
|
Tel |
+82-52-208-2114 |
|
Fax |
+82-52-208-2002 |
|
Type |
Export/Import |
|
Industry |
Manufacture of
Petroleum Products, Chemicals &Lubricants |
|
Main Business |
LLDPE, HDPE, PP, Performance Rubber, Benzene, Toluene, Xylene, Para-Xylene, Styrene Monomer, Performance Chemicals |
|
Established
(mm/dd/yyyy) |
01/04/2011 |
The Subject owns
the premises of registered HQ address.
|
Activity |
Detailed
Products (UNSPSC) |
|
Sell |
Polystyrene PS(13102026) |
|
Sell |
High Density Polyethylene HDPE(13102017) |
|
Sell |
Amines or imines or its substitutes(12352116) |
|
Sell |
Elastomers(13101700) |
|
Sell |
Polyethylene(13111016) |
|
Sell |
Chemistry reagents or solutions(41116105) |
|
Sell |
Polystyrene PS(13102026) |
|
Sell |
Aromatic or heterocyclic compounds(12352005) |
|
Sell |
Low Density Polyethylene LDPE(13102018) |
|
Name |
Cha Hwa-Youb |
|
Address |
Suite 608-305,
911, Mok-dong, Yangcheon-gu, Seoul, Korea |
|
Date of Birth |
02/21/1959 |
|
Title |
President
& CEO |
|
Sex |
Male |
|
Nationality |
Korean |
Education
1977 Graduated from Inchang High School
1983 B.S. Chemical Engineering, Sogang Univ.
Career
1983 Joined Korea Oil Corporation Division
2000 Head of PP Sales Team, SK Chemical Division
2004 Head of SK Chemical Business Planning
Headquarters (Managing Director)
2009 Head of SK Energy Corporate Culture
Headquarters & Head of HR Division(Executive Director)
2010 Head of SK Energy CIC Olefin Business
Headquarters (Executive Director)
2011 SK global chemical CEO & President
|
Capital (KRW) |
130,000,000,000 |
|||||||||
|
Employees |
1,203 |
|||||||||
|
Formation |
Co., Ltd by Shares A Company of SK Group |
|||||||||
|
Bank Details |
Hana Bank Korea Exchange
Bank |
|||||||||
|
Corporate
Registered No. |
110111-4505975 |
|||||||||
|
Business
Registered No. |
101-86-60116 |
|||||||||
|
Permit &
Licenses |
Int’l Trade No.: 30682803 |
|||||||||
|
Shareholder
Position |
|
|||||||||
|
Company
History |
01/04/2011 Incorporated after spin off from SK ENERGY CO., LTD., has been spin off into the existing company, SK INNOVATION CO., LTD.(110111-3710385), and newly established companies, the Subject Company and SK ENERGY CO., LTD.(110111-4505967) |
|||||||||
|
|
|
|
Job
Description |
Title |
Name |
Sex |
Nationality |
Date of Birth |
|
President & CEO |
Mr. |
Cha Hwa-Youb |
Male |
Korean |
02/21/1959 |
|
Director |
Mr. |
Kim Bong-Young |
Male |
Korean |
07/25/1957 |
|
Director |
Mr. |
Koo Ja-Young |
Male |
USA |
12/07/1947 |
|
Director |
Mr. |
Cha Jin-Seok |
Male |
Korean |
04/11/1963 |
|
Director |
Mr. |
Jung Tae-Yoon |
Male |
Korean |
09/17/1959 |
|
Auditor |
Mr. |
Kim Kil-Yong |
Male |
Korean |
04/17/1960 |
|
Year / Unit :
KRW |
Sales |
Assets |
Net Income |
|
11,840,666,608,000 |
5,543,592,731,000 |
523,048,784,000 |
|
|
2012 |
15,380,102,154,000 |
5,061,450,665,000 |
550,782,968,000 |
|
2011 |
17,217,145,192,000 |
5,232,175,625,000 |
466,515,342,000 |
|
Authorized
Capital(KRW) |
520,000,000,000 |
|
Paid-Up
Capital(KRW) |
130,000,000,000 |
|
Total Issues
Shares |
26,000,000 |
|
Unit :
Thousand Korean Won |
01/01/2013~09/30/2013 |
As of
12/31/2012 |
As of
12/31/2011 |
|
Total
Assets |
5,543,592,731 |
5,061,450,665 |
5,232,175,625 |
|
Current
Assets |
2,663,515,952 |
2,652,140,620 |
3,052,839,995 |
|
Cash & Cash Equivalents |
479,935,454 |
723,821,285 |
657,930,935 |
|
Other
Financial Assets |
32,000,000 |
12,000,000 |
42,000,000 |
|
Trade
Receivables |
1,434,390,414 |
1,239,542,054 |
1,820,542,343 |
|
Other
Receivables |
14,578,987 |
13,651,341 |
13,659,843 |
|
Uneraned Income |
1,645,973 |
5,112,274 |
2,109,096 |
|
Short-Term
Receivables |
2,152,000 |
2,700,000 |
3,000,000 |
|
Advance
Payments |
114,406,562 |
130,421,491 |
44,827,880 |
|
Prepaid
Expenses |
4,883,742 |
3,366,043 |
3,182,252 |
|
Guarantees |
1,705,026 |
2,340,096 |
3,432,555 |
|
Derivatives |
2,725,965 |
2,713,943 |
204,179 |
|
Inventories |
575,091,829 |
516,472,093 |
461,950,912 |
|
Non-Current
Assets |
2,880,076,779 |
2,409,310,045 |
2,179,335,630 |
|
Other
Financial Assets |
22,500 |
22,500 |
22,500 |
|
Marketable
Financial Instruments |
52,689,839 |
57,409,839 |
57,790,993 |
|
Investment_Related
Companies |
397,080,869 |
432,244,506 |
297,852,714 |
|
Guarantees |
886,788 |
1,024,813 |
4,821,766 |
|
Tangibles |
2,421,433,761 |
1,910,858,707 |
1,813,051,238 |
|
Intangibles |
7,963,022 |
7,734,888 |
5,770,143 |
|
Long-Term
Receivables |
- |
14,792 |
26,276 |
|
Total
Liabilities |
2,459,430,616 |
2,499,916,489 |
2,969,852,475 |
|
Current
Liabilities |
1,503,851,043 |
1,531,428,909 |
1,593,052,892 |
|
Trade Payables |
770,701,989 |
642,746,424 |
945,887,130 |
|
Short-Term
Borrowings |
112,336,209 |
48,297,399 |
381,119,390 |
|
Current
Portion of Long-Term Debts |
416,218,299 |
614,273,150 |
50,393,677 |
|
Account
Payables |
6,651,905 |
6,483,258 |
7,586,688 |
|
Accrued
Expenses |
92,645,694 |
101,069,379 |
132,974,781 |
|
Advance
Receipts |
8,454,564 |
7,733,097 |
7,152,285 |
|
Withholdings |
8,106,463 |
10,074,295 |
9,646,236 |
|
Derivatives |
3,103,356 |
3,113,521 |
75,541 |
|
Deferred
Income Tax Credit |
85,632,564 |
97,638,386 |
58,217,164 |
|
Non-Current
Liabilities |
955,579,573 |
968,487,580 |
1,376,799,583 |
|
Debentures
& Long-Term Trade Payables |
917,356,743 |
937,270,983 |
1,365,871,714 |
|
Provision
for Severance & Retirement |
13,742,732 |
7,310,095 |
4,400,094 |
|
Deferred
Income Tax Credit |
24,480,098 |
23,906,502 |
4,511,143 |
|
Others |
- |
- |
2,016,632 |
|
Capital
Stock |
130,000,000 |
130,000,000 |
130,000,000 |
|
Capital
Surplus |
1,671,123,574 |
1,671,123,574 |
1,671,123,574 |
|
Profit
Surplus |
1,284,696,029 |
761,472,368 |
462,764,680 |
|
Capital
Adjustment |
-1,657,488 |
-1,061,766 |
-1,565,104 |
|
Total
Equity |
3,084,162,115 |
2,561,534,176 |
2,262,323,150 |
|
Liab.
& Shareholder’s Equity |
5,543,592,731 |
5,061,450,665 |
5,232,175,625 |
|
Unit :
Thousand Korean Won |
01/01/2013~09/30/2013 |
As of
12/31/2012 |
As of
12/31/2011 |
|
Sales |
11,840,666,608 |
15,380,102,154 |
17,217,145,192 |
|
Cost of Sold Goods |
-10,911,657,359 |
14,324,825,269 |
16,181,917,191 |
|
Gross Profit |
929,009,249 |
1,055,276,885 |
1,035,228,001 |
|
Selling & Admin. Expenses |
-229,951,059 |
296,736,491 |
346,013,895 |
|
Operating Income |
699,058,190 |
758,540,394 |
689,214,106 |
|
Finance Income |
221,697,605 |
-39,604,044 |
-76,475,457 |
|
Finance Expenses |
-249,228,237 |
225,145,724 |
384,394,488 |
|
Non-Operating Income |
2,910,216 |
-266,015,340 |
-476,827,157 |
|
Non-Operating Expenses |
-7,961,303 |
10,843,638 |
29,744,535 |
|
Losses from the investment on Related Companies |
- |
9,578,066 |
13,787,323 |
|
Income Before Taxes |
666,476,471 |
718,936,350 |
612,738,649 |
|
Income Taxes Expenses |
-143,427,687 |
168,153,382 |
146,223,307 |
|
Net Income |
523,048,784 |
550,782,968 |
466,515,342 |
|
Unit : Thousand
Korean Won |
01/01/2013~09/30/2013 |
As of
12/31/2012 |
As of
12/31/2011 |
|
Operating
Activities Cash Flows |
465,815,876 |
796,916,114 |
756,899,379 |
|
Net
Income |
523,048,784 |
550,782,968 |
466,515,342 |
|
Adjustment |
135,585,460 |
406,879,435 |
423,840,868 |
|
Dividends
Received |
848,108 |
20,968,539 |
9,508,419 |
|
Interests
Received |
20,138,672 |
-74,466,441 |
-83,277,782 |
|
Interests
Paid |
-59,087,213 |
1,458,852 |
375,664 |
|
Income
Taxes |
-154,717,935 |
-108,707,239 |
-60,063,132 |
|
Cash
Flows from Investing |
-555,064,020 |
-299,210,654 |
-199,423,638 |
|
Cash
Flows from Financing |
-154,637,687 |
-431,806,074 |
-182,670,522 |
|
Increase/Decrease
in Cash |
-243,885,831 |
65,899,386 |
374,805,219 |
|
Cash
at the Beginning of Year |
723,821,285 |
657,930,935 |
283,238,861 |
|
Cash
at the End of Year |
479,935,454 |
723,821,285 |
657,930,935 |
|
Main Products
& Services |
Olefin
Division Aromatics
Division Performance
Chemicals Polymer EPDM |
|
Competitors |
GS-CALTEX
CORPORATION (110111-0078819) GS GANGNAM
TOWER, 679, YEOKSAM 1-DONG, GANGNAM-GU, SEOUL, KOREA TEL:+82-2-2005-1114 FAX:+82-2-2005-6051 S-OIL
CORPORATION(110111-0189955) 45TH FL.,
KOREA LIFE INSURANCE 63 BLDG., 60, YEOEUIDO-DONG, YEONGDEUNGPO-GU, SEOUL,
KOREA TEL:+82-2-3772-5151 FAX:+82-2-786-4030 HYUNDAI
OILBANK CO., LTD.(110111-0090558) 640-6.
DAEJUK-RI, DAESAN-EUP, SEOSAN-SI, CHUNGCHEONGNAM-DO, KOREA TEL:+82-41-660-5114 FAX:+82-41-660-5111 |
(Subsidiaries,
Joint-Venture & Affiliates)
|
Affiliates-Domestic |
SK PETROCHEMICAL CO., LTD.(135811-0120906) (100.0% held by the subject company) GREEN IS CO., LTD.(134811-0195562) (84.31% held by the subject company) AROCHEMI CO., LTD.(110111-4499954) (50.01% held by the subject company) SHANGHAI GAOQIAO- SK SOLVENT CO., LTD. (50.0% held by the subject company) ZHEJIANG SHENXIN SK PACKAGING CO., LTD. (25.0% held by the subject company) SK GLOBAL CHEMICAL (CHINA) HOLDING CO., LTD. (100.0% held by the subject company) SK GLOBAL CHEMICA AMERICAS, INC. (100.0% held by the subject company) SK ENERGY INTERNATIONAL TRADING (SHANGHAI) CO., LTD. (3.04% held by the subject company) SK GLOBAL CHEMICAL SINGAPORE PTE. LTD. (100.0% held by the subject company) HANJU CORPORATION(181211-0007663) (7.38% held by the subject company) HYUNDAI ENGINEERING PLASTICS CO., LTD(165011-0006768) (4.99% held by the subject company) SK IIS PTE. LTD. (16.67% held by the subject company) |
|
Affiliates-Domestic |
SK TELECOM
CO., LTD.(110111-0371346) SK C&C
CO., LTD.(110111-0769583) SK TELINK,
CORP.(110111-1533599) INNOACE CO.,
LTD(110111-2104026) PAXNET,
INC.(110111-1698830) IHQ,
INC.(110111-0042393) AIRCROSS CO.,
LTD.(110111-2121765) TU MEDIA
CORPORATION(110111-2907826) SK
COMMUNICATIONS CO., LTD.(110111-1322885) COMMERCE
PLANET CO., LTD.(110111-1416133) F&U CREDIT
INFORMATION CO., LTD.(135311-0003300) SK WYVERNS
CO., LTD(120111-0217366) SK HOLDINGS
CO., LTD.(110111-0022816) SK ENGINEERING & CONSTRUCTION CO., LTD.(110111-0038805) SK TELESYS
CO., LTD.(110111-1405897) LOEN
ENTERTAINMENT, INC.(134111-0010706) INFOSEC CO.,
LTD(110111-2007858) INDEPENDENCE
CO., LTD.(110111-2010116) SKC MEDIA CO.,
LTD.(161511-0076377) IFILM
CORPORATION(110111-2857451) SK BROADBAND
CO., LTD.(110111-1466659) CU MEDIA.
INC.(110111-2031477) NTREEV SOFT
CO., LTD.(110111-2906456) SK I-MEDIA
CO., LTD.(110111-3505851) IPLATFORM,
INC(110111-3638917) NURI SOLUTION
CO., LTD.(110111-1866213) HANAROMEDIA
INC.(110111-3292664) HANARO DREAM
INCORPORATED(110111-2183343) BROADBAND
D&M CO., LTD.(110111-1509269) NOWON JOEUN
TELECOM CO., LTD.(110111-3655218) MIRACLE
INFORMATION & TELECOMMUNICATION CO., LTD.(120111-0433491) ENCAR NETWORKS
LTD.(110111-2125270) SK MARKETING & COMPANY CO., LTD.(110111-3874066) |
|
Affiliates-Domestic |
QC I&T CO., LTD.(110111-3675381) QL KWANAK CO., LTD.(110111-3826140) QL DONGJAK CO., LTD.(110111-3729740) QL SEOCHO CO., LTD.(110111-3729807) QL YONGSAN CO., LTD.(110111-3761023) QL YANGCHEON CO., LTD.(110111-3729609) SK NETWORKS CO., LTD.(130111-0005199) SK SHIPPING CO., LTD.(110111-0311392) MRO KOREA CO., LTD(110111-2016940) SK D&D CO., LTD.(110111-3001685) OK CASHBAG SERVICE CO., LTD.(110111-1873432) SK NETWORKS SERVICE CO., LTD.(135811-0141788) BROADBAND TS CO., LTD.(281111-0119401) BROADBAND CS CO., LTD.(110111-1592595) BROADBAND SEOUL CS CO., LTD.(110111-3558842) BROADBAND BUSAN CS CO., LTD.(180111-0573774) BROADBAND GYEONGGI CS CO., LTD.(134111-0147575) BROADBAND GWANGJU CS CO., LTD.(200111-0233050) ANTS CO., LTD.(151111-0031058) ULLEUNG DEEP SEA WATER CO., LTD(110111-3224724) WS TRADING CO., LTD.(110111-3448712) SK SECURITIES CO., LTD(110111-0037112) SOLMICS CO., LTD.(134711-0014631) UB CARE CO., LTD.(110111-1105364) MECHARONICS CO., LTD.(120111-0233338) ULLEUNG MINERAL CO., LTD.(110111-2602244) WALKERHILL INC.(110111-0142854) REAL BEST CO., LTD.(180111-0612027) SK LUBRICANTS CO., LTD.(110111-4191815) |
|
Affiliates-Overseas |
SK AUSTRALIA
PTY. LTD. SK
AUSTRALIA(TOGARA) SK
AUSTRALIA(WYONG) SK DO BRASIL,
LTDA SK E&P CO.
LTD. SK ENERGY
INTERNATIONAL PTE LTD. SK ENERGY
EUROPE LTD. SK CHINA
HOLDING CO.LTD. SK INSURANCE
(BERMUDA) LTD SK ENERGY ROAD
INVESTMENT SK E&P ASIA
LIMITED SK CORPORATION
HONG KONG INVESTMENT CELTIC OIL
LIMITED SK ENERGY
CANADA LIMITED SK USA, INC. SHANGHAI
GAOQIAO-SK SOLVENT DZP (DE ZWARTE
PONK B.V.) SKC INC ZHEJIANG
SHENXIN SK PACKAGING CO. LTD. SK CHINA CO.
LTD. |
|
Overseas
Branch |
BEIJING, CHINA
BRANCH 26F, SK TOWER,
NO6 JIA, JIANGUOMENWAI AVENUE, BEIJING, CHINA TEL:+86-10-5920-5660 SHANGHAI,
CHINA BRANCH RM 801, MAXDO
CENTER, 8-XINGYI RD. SHANGHAI. CHINA TEL:+86-21-6197-0242/0252 GUNGZHOU,
CHINA BRANCH ROOM 2504, HNA
BUILDING, NO. 8 LINHE ZHONG ROAD, TIANHE DISTRICT, GUANGZHOU, GUANGDONG
PROVINCE, CHINA TEL:+86-20-8510-0301 NORTH AMERICA,
HOUSTON BRANCH 1300 POST OAK
BLVD., STE #425, HOUSTON, TEXAS, USA 77056 TEL:+1-713-850-0005 SINGAPORE
BRANCH 4 SHENTON WAY
#11 - 02/04 SGX CENTRE TWO SINGAPORE 068807 TEL:+65-6232-9381,
9367 TOKYO BRANCH NBF HIBIYA
BLDG. 8F, 1-1-7, UCHISAIWAI-CHO, CHIYODA-KU, TOKYO 100-0011, JAPAN TEL:+81-3-3591-0343 DUBAI BRANCH SUITE NO.
1702, FESTIVAL CITY OFFICE TOWER, MARSA AL KHOR, PO BOX 9389 DUBAI, UAE TEL:+971-4-232-9371 LIMA BRANCH CALLE AMADOR
MERINO REYNA NO. 267 OF.702 EDIFICIO "PARQUE PLAZA" SAN ISIDRO,
LIMA 27, PERU TEL:+51-1-719-1080 |
|
Subsidiary |
SK PETROCHEMICAL CO., LTD.(135811-0120906) (100.0% held by the subject company) SK GLOBAL CHEMICAL (CHINA) HOLDING CO., LTD. SK GLOBAL CHEMICAL INTERNATIONAL TRADING (SHANGHAI) CO., LTD. SK GLOBAL CHEMICAL SINGAPORE PTE, LTD. SK INTERNATIONAL INVESTMENT SINGAPORE PTE., LTD. |
(Activity &
Markets)
|
Sales/ Unit
:Mil KRW |
06/2011 |
2010 |
2009 |
|
Export |
8,753,104 |
|
|
|
Domestic |
5,264,275 |
|
|
|
Others |
3,204,115 |
|
|
|
Total |
17,221,494 |
|
|
The Subject
deals with the companies in USA, Australia, China, Indonesia, India and
Vietnam.
No.
--
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.62.13 |
|
|
1 |
Rs.101.53 |
|
Euro |
1 |
Rs.85.41 |
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.