|
Report Date : |
18.02.2013 |
IDENTIFICATION DETAILS
|
Name : |
STX CORPORATION |
|
|
|
|
Registered Office : |
93-3, Jungang-dong, Seongsan-gu,
Changwon-si, Gyeongsangnam-do,
Korea 642-845 |
|
|
|
|
Country : |
South Korea |
|
|
|
|
Financial as on: |
30.09.2012 |
|
|
|
|
Date of Incorporation : |
24.12.1976 |
|
|
|
|
Com. Reg. No.: |
609-81-01917 |
|
|
|
|
Legal Form : |
Listed Company |
|
|
|
|
Line of Business : |
Wholesale of Solid Fuel and Related Products |
|
|
|
|
No. of Employees : |
384 |
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 : |
Good |
|
Payment Behaviour : |
Regular |
|
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) |
|
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 currently is among the world's 20 largest economies. 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. With the global economic downturn in late 2008, South Korean GDP growth slowed to 0.3% in 2009. In the third quarter of 2009, the economy began to recover, in large part due to export growth, low interest rates, and an expansionary fiscal policy, and growth was 3.6% in 2011. In 2011, the US-South Korea Free Trade Agreement was ratified by both governments and is projected to go into effect in early 2012. 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 |
STX CORPORATION |
|
Registered Address |
93-3, Jungang-dong, Seongsan-gu,
Changwon-si, Gyeongsangnam-do,
Korea |
|
Zip Code |
642-845 |
|
Tel |
+82-55-548-1122 |
|
Fax |
+82-55-546-7928 |
|
E-mail |
stxir@onestx.com |
|
Website |
www.stx.co.kr |
|
Trading Address |
22th Fl., STX Namsan
Tower, 631, Namdaemunno 5-ga, Jung-gu, Seoul, Korea |
|
Tel |
+82-2-316-9600 |
|
Fax |
+82-2-316-9999 |
|
Type |
Export/Import |
|
Industry |
Non-Financial Holding Companies |
|
Main Business |
Maritime Equipments, Energy Resources, Ship Maintenance |
|
Sub
Business |
Wholesale of Solid Fuel and Related Products |
|
Established (mm/dd/yyyy) |
12/24/1976 |
|
Activity |
Detailed Products (UNSPSC) |
|
Sell |
Management Consulting & Support |
|
Sell |
Energy Resources |
|
Sell |
Investment |
|
Name |
Kang Duk-Soo |
|
Address |
|
|
Date of Birth |
08/18/1950 |
|
Title |
Chairman & CEO |
|
Sex |
Male |
|
Nationality |
Korean |
|
Capital (KRW) |
125,000,000,000 |
|||||||||||||||||||||
|
Employees |
384 |
|||||||||||||||||||||
|
Formation |
Listed Company (Korea stock Exchange : 011810) as of 09/12/1990 A Company of STX Group |
|||||||||||||||||||||
|
Bank Details |
Woori Bank-Jungbu Sales Dept. |
|||||||||||||||||||||
|
Corporate Registered No. |
194211-0000183 |
|||||||||||||||||||||
|
Business Registered No. |
609-81-01917 |
|||||||||||||||||||||
|
Permit & Licenses |
Int’l Trade No.: 844929 |
|||||||||||||||||||||
|
Shareholder Position |
|
|||||||||||||||||||||
|
Company History |
12/24/1976 Incorporated as SSANGYONG HEAVY
INDUSTRIES CO., LTD. 05/01/2001 Changed company name to the
present name 11/28/2003 Awarded US$ 200 Million Export
Top Prize 03/2011 Moved to the present HQ address
from 100, Wonpo-dong,
Jinhae-gu, Changwon-si, Gyeongsangnam-do, Korea 04/04/2011 Spin off into the Subject company
and newly established company(STX MARINE SERVICE CO., LTD.( 180111-0755413)) |
|||||||||||||||||||||
|
|
|
Management
|
Job Description |
Title |
Name |
Nationality |
Date of Birth |
Education |
|
Chairman & CEO |
Mr. |
Kang Duk-Soo |
Korean |
1950.08.18 |
Myungji University, Korea |
|
Vice Chairman & CEO |
Mr. |
Lee Jong-Chul |
Korean |
1953.11.28 |
Korea University, Korea |
|
President & CEO |
Mr. |
Kim Dae-Yoo |
Korean |
1952.11.13 |
Hanyang University, Korea |
|
President & CEO |
Mr. |
Choo Sung-Yeob |
Korean |
1955.01.06 |
Seoul National University, Korea |
|
Vice President & CFO |
Mr. |
Byun Yong-Hee |
Korean |
1953.08.10 |
Sungkyunkwan University, Korea |
|
Outside Director |
Mr. |
Yoon Young-Sub |
Korean |
1947.03.08 |
Seoul National University, Korea |
|
Outside Director |
Mr. |
Lee Sung-Keun |
Korean |
1948.05.02 |
Seoul National University, Korea |
|
Outside Director |
Mr. |
Lee Dong-Hoon |
Korean |
1955.08 |
Seoul National University, Korea |
|
Outside Director |
Mr. |
Ahn Tae-Sik |
Korean |
1956.03 |
Seoul National University, Korea |
|
Outside Director |
Mr. |
Kim Hwa-Jin |
Korean |
1960.08.21 |
Seoul National University, Korea |
|
Outside Director |
Mr. |
Kim Joong-Hoi |
Korean |
1949.09.19 |
Yonsei University, Korea |
Financials
|
Year / Unit : KRW |
Sales |
Assets |
Net Income |
|
3,218,128,000,000 |
3,454,057,000,000 |
-18,710,000,000 |
|
|
(*)2011 |
4,173,397,000,000 |
3,302,248,000,000 |
84,657,000,000 |
|
(*)2010 |
3,245,569,511,893 |
2,908,637,451,106 |
30,462,051,822 |
|
2009 |
2,225,676,108,489 |
2,523,599,224,167 |
-171,798,678,357 |
|
2008 |
2,418,949,621,357 |
2,185,999,043,376 |
23,258,333,562 |
(*)Figures are
based on the K-IFRS Accounting System.
|
Authorized Capital(KRW) |
250,000,000,000 |
|
Paid-Up Capital(KRW) |
125,000,000,000 |
|
Total Issues Shares |
59,943,040 |
|
Balance Sheet |
|||
|
Unit : Korean Won |
01/01/2012~09/30/2012 |
As of 12/31/2011 |
As of 12/31/2010 |
|
Total Assets |
3,454,057,000,000 |
3,302,248,000,000 |
2,822,864,000,000 |
|
Current Assets |
1,099,793,000,000 |
993,206,000,000 |
931,342,000,000 |
|
Inventories |
132,511,000,000 |
240,418,000,000 |
199,058,000,000 |
|
Advance Payments |
113,656,000,000 |
83,341,000,000 |
65,893,000,000 |
|
Other Current Assets |
2,176,000,000 |
4,151,000,000 |
4,668,000,000 |
|
Trade Receivables |
611,027,000,000 |
429,658,000,000 |
268,166,000,000 |
|
Other Receivables |
158,616,000,000 |
88,593,000,000 |
105,094,000,000 |
|
Derivatives |
4,293,000,000 |
2,801,000,000 |
6,324,000,000 |
|
Other Finance Assets |
55,346,000,000 |
55,859,000,000 |
87,233,000,000 |
|
Cash & Cash Equivalents |
22,168,000,000 |
88,385,000,000 |
194,906,000,000 |
|
Non-Current Assets |
2,354,264,000,000 |
2,309,042,000,000 |
1,891,522,000,000 |
|
Tangibles |
70,631,000,000 |
72,801,000,000 |
20,850,000,000 |
|
Intangibles |
10,249,000,000 |
11,089,000,000 |
8,867,000,000 |
|
Investment_Real Estates |
75,678,000,000 |
76,045,000,000 |
129,203,000,000 |
|
Investment_Subsidiaries |
430,385,000,000 |
439,249,000,000 |
503,712,000,000 |
|
Investment_Related Companies |
1,597,111,000,000 |
1,531,816,000,000 |
1,105,019,000,000 |
|
Deferred Income Tax Assets |
8,853,000,000 |
- |
- |
|
Long-Term Trade Receivables |
20,655,000,000 |
32,915,000,000 |
19,255,000,000 |
|
Other Receivables |
92,760,000,000 |
70,840,000,000 |
63,226,000,000 |
|
Other Financial Assets |
47,942,000,000 |
74,287,000,000 |
41,390,000,000 |
|
Total Liabilities |
2,327,679,000,000 |
2,137,600,000,000 |
1,888,189,000,000 |
|
Current Liabilities |
1,880,747,000,000 |
1,568,777,000,000 |
1,087,764,000,000 |
|
Short-Term Borrowings |
1,110,349,000,000 |
857,305,000,000 |
660,768,000,000 |
|
Current Portion of Long-Term
Debts |
337,989,000,000 |
334,734,000,000 |
65,405,000,000 |
|
Derivatives |
4,881,000,000 |
247,000,000 |
5,386,000,000 |
|
Trade Payables |
303,482,000,000 |
263,754,000,000 |
219,550,000,000 |
|
Current Financial Debts |
58,342,000,000 |
61,204,000,000 |
61,107,000,000 |
|
Advance Receipts |
65,256,000,000 |
50,659,000,000 |
70,581,000,000 |
|
Current Non-Financial Debts |
448,000,000 |
874,000,000 |
4,967,000,000 |
|
Non-Current Liabilities |
446,932,000,000 |
568,823,000,000 |
800,425,000,000 |
|
Debentures |
337,443,000,000 |
446,356,000,000 |
737,916,000,000 |
|
Long-Term Borrowings |
105,882,000,000 |
115,350,000,000 |
58,292,000,000 |
|
Other Non-Current Liabilities |
3,607,000,000 |
7,099,000,000 |
3,089,000,000 |
|
Deferred Income Tax Credit |
- |
18,000,000 |
1,128,000,000 |
|
Capital Stock |
150,000,000,000 |
150,000,000,000 |
125,000,000,000 |
|
Capital Surplus |
572,936,000,000 |
567,798,000,000 |
423,705,000,000 |
|
Treasury Stock |
-23,570,000,000 |
-16,545,000,000 |
-6,619,000,000 |
|
Others |
- |
-1,526,000,000 |
-21,000,000 |
|
Profit Surplus |
427,012,000,000 |
464,921,000,000 |
392,610,000,000 |
|
Total Equity |
1,126,378,000,000 |
1,164,648,000,000 |
934,675,000,000 |
|
Liab. & Shareholder’s Equity |
3,454,057,000,000 |
3,302,248,000,000 |
2,822,864,000,000 |
|
Income Statement |
|||
|
Unit : Korean Won |
01/01/2012~09/30/2012 |
As of 12/31/2011 |
As of 12/31/2010 |
|
Revenues |
3,218,128,000,000 |
4,173,397,000,000 |
3,191,730,000,000 |
|
Operating Expenses |
-3,189,610,000,000 |
-4,111,686,000,000 |
-3,119,257,000,000 |
|
Cost of Sold Goods |
-3,113,636,000,000 |
-3,988,988,000,000 |
-2,984,563,000,000 |
|
Selling Expenses |
-39,726,000,000 |
-69,663,000,000 |
-73,923,000,000 |
|
Admin. Expenses |
-36,248,000,000 |
-53,035,000,000 |
-60,771,000,000 |
|
Operating Income |
28,518,000,000 |
61,711,000,000 |
72,473,000,000 |
|
Other Operating Income |
4,627,000,000 |
96,464,000,000 |
410,000,000 |
|
Other Operating Expenses |
-1,792,000,000 |
-7,656,000,000 |
-17,751,000,000 |
|
Finance Income |
118,659,000,000 |
222,877,000,000 |
197,566,000,000 |
|
Finance Expenses |
-178,080,000,000 |
-289,370,000,000 |
-236,671,000,000 |
|
Income Before Taxes |
-28,068,000,000 |
84,026,000,000 |
16,027,000,000 |
|
Income Taxes Expenses |
9,358,000,000 |
631,000,000 |
-7,056,000,000 |
|
Net Income |
-18,710,000,000 |
84,657,000,000 |
8,971,000,000 |
|
Cash Flows |
|||
|
Unit : Korean Won |
01/01/2012~09/30/2012 |
As of 12/31/2011 |
As of 12/31/2010 |
|
Operating Activities Cash Flows |
-15,579,000,000 |
-108,220,000,000 |
61,499,000,000 |
|
Cash Flows from Operating |
-49,840,000,000 |
-141,374,000,000 |
34,985,000,000 |
|
Interests Received |
4,849,000,000 |
13,952,000,000 |
13,134,000,000 |
|
Dividends Received |
27,279,000,000 |
20,228,000,000 |
15,561,000,000 |
|
Income Taxes |
2,133,000,000 |
-1,026,000,000 |
-2,181,000,000 |
|
Cash Flows from Investing |
-122,147,000,000 |
-311,014,000,000 |
-300,380,000,000 |
|
Cash Flows from Financing |
71,848,000,000 |
312,651,000,000 |
168,846,000,000 |
|
Increase/Decrease in Cash |
-65,878,000,000 |
-106,583,000,000 |
-70,035,000,000 |
|
Cash at the Beginning of Year |
88,385,000,000 |
194,906,000,000 |
264,592,000,000 |
|
Cash at the End of Year |
22,168,000,000 |
88,385,000,000 |
194,906,000,000 |
|
Main Products & Services |
Investment Business Energy Business |
|
Detailed Products Spec. |
|
|
Technologies Acquired |
|
|
Suppliers |
NEXOLON COMPANY LIMITED(110111-3720673) |
|
Customers |
STX PAN OCEAN CO., LTD.(110111-0004286) STX ENERGY CO., LTD.(135011-0121570) STX JAPAN CORPORATION CHINATEX GRAINS AND OILS IMP. & EXP. CO., LTD. TRAFIGURA PTE LTD |
|
Competitors |
GS HOLDINGS CORP. 23TH FL., GS GANGNAM TOWER, 679, YEOKSAM
1-DONG, GANGNAM-GU, SEOUL, KOREA TEL:+82-2-2005-8125 FAX:+82-2-2005-8180 LS CORP. 21TH FL., ASEM TOWER, 159-1, SAMSEONG
1-DONG, GANGNAM-GU, SEOUL, KOREA TEL:+82-2-2189-9988 FAX:+82-2-2189-9799 SK HOLDINGS CO., LTD. SK BLDG., 99, SEORIN-DONG, JONGNO-GU,
SEOUL, KOREA TEL:+82-2-2121-0114 FAX:+82-2-2121-7001 |
|
Affiliates-Domestic |
STX CORPORATION(194211-0000183) STX PAN OCEAN CO., LTD.(110111-0004286) STX CONSTRUCTION CO., LTD.(194111-0009939) STX SOLAR CO., LTD.(110111-3788671) FORCE TEC CO., LTD.(194211-0019522) HEUNG KOOK MUTUAL SAVINGS
BANK(180111-0010255) SAEROM SUNGWON INDUSTRIAL CO.,
LTD.(194211-0004523) CXD CO., LTD.(194111-0012685) CHEIL A&C CO., LTD.(110111-3159351) STX HEAVY INDUSTRIES CO.,
LTD.(194111-0009004) STX ELECTRIC POWER CO., LTD.(144711-0019225) STX MARINE SERVICE CO., LTD.(180111-0755413) STX FUTURE INSTITUTE CO., LTD.(110111-4573433) STX OFFSHORE & SHIPBUILDING CO.,
LTD.(180111-0002814) (33.67% held by the subject company) STX ENGINE CO., LTD.(194211-0066763) (33.55% held by the subject company) STX ENERGY CO., LTD.(135011-0121570) (47.42% held by the subject company) STX RESORT CORPORATION(110111-3794644) (100.00% held by the subject company) |
|
Affiliates-Overseas |
STX NORWAY AS STX EUROPE AS STX(DAIRYIAN) SHIPBUILDING CO., LTD.(CHINA) STX(DAIRYIAN) PRECISION CO., LTD. (CHINA) STX(DAIRYIAN) OFFSHORE & HEAVY
INDUSTRIES CO., LTD.(CHINA) STX(DAIRYIAN) ENGINE CO., LTD.(CHINA) STX(DAIRYIAN) METAL CO., LTD.(CHINA) STX(DAIRYIAN) HEAVY INDUSTRIES CO.,
LTD.(CHINA) STX(DAIRYIAN) HEAVY EQUIPMENT CO.,
LTD.(CHINA) STX CONSTRUCTION(DAIRYIAN) CO., LTD.(CHINA) STX(DAIRYIAN) INFORMATION & TECHNOLOGY
CO., LTD.(CHINA) DAIRYIAN STUS A&C CO., LTD.(CHINA) POSI(DAIRYIAN) LOGISTICS CO., LTD.(CHINA) STX(DAIRYIAN) TRADING CO., LTD.(CHINA) STX BANGJISAN DEVELOPMENT (DAIRYIAN) CO.,
LTD. (CHINA) STX-VINA HEAVY INDUSTRY CO., LTD STX HEAVY INDUSTRIES(MUSOON) CO.,
LTD.(CHINA) STX MONGOLIA LLC STX CITINET, LLC. STX MIDDLE EAST FZE. STX (SHANGHAI) CORPORATION LTD. STX BRASIL TRADING LTDA. STX AMERICA INC. STX PANOCEAN (AMERICA), INC. STX PANOCEAN SINGAPORE PTE. LTD. STX GULF SHIPPING DMCCO STX LOGISTICS SINGAPORE PTE. LTD. STX PANOCEAN LNG PTE. LTD. STX PANOCEAN (HONG KONG) CO., LTD. STX PANOCEAN (U.K) CO., LTD. DTK OCEANIC LIMITED STX JAPAN CORPORATION STX GLOBAL LOGIX CO.,LTD. STX PANOCEAN (CHINA) CO., LTD. QINGDAO STX INTERNATIONAL LOGISTICS CO.,
LTD. QINGDAO STX-KEYUN LOGISTICS CO., LTD TIANJIN STX-SINOTRANS LOGISTICS CO., LTD. SEA WIN SHIPPING CO., LTD. LIANYUNGANG GLOBAL OCEAN SHIPPING CO., LTD. FAR EASTERN SHIPYARD-STX DS CEMENT LLP STX WINDPOWER B.V. QINGDAO STX MACHINERY CO., LTD. SP/F STX FAROES LTD. STX IRELAND LIMITED STX ENERGY AMERICA, INC. ORION STORY STX ENGINEERING & CONSTRUCTION GHANA
LIMITED YOUNEX ENTERPRISES CORPORATION STX APRILIS, INC STX INTERNATIONAL TRADING (SINGAPORE) PTE, LTD. STX SERVICE EUROPE B.V. STX GHANA LIMITED |
|
Affiliates-Subsidiaries of STX EUROPE |
STX EUROPE HOLDING AS STX NORWAY OFFSHORE AS STX NORWAY OFFSHORE BREVIK AS STX GRENLAND INDUSTRIER AS STX SHIPYARD SUPPORT AS HJALLUM AS STX BREVIK SUPPORT AS BRIDGE EIENDOM AS SCANDINOR AS STX RO OFFSHORE BRAILA SA BRAILA SHIP REPAIR SA AJA SHIP DESIGN SA STX RO BREVIK HOLDING SRL RONOR AS NORYARDS AS SCANROM SRL VENTIGROS SRL NORFARM SRL STX NORWAY ELECTRO AS STX RO ELECTRO TULCEA SRL STX BRAZIL ELECTRO STX RO ELECTRO BRAILA SRL STX NORWAY ELECTRO BREVIK AS STX ELECTRO BREVIK AS STX BREVIK PHILADELPHIA STX BRAZIL OFFSHORE SA STX RO HOLDING SRL STX RO OFFSHORE TULCEA SRL STX SCANYARDS SRL STX BRATTVAAG OFFSHORE MARITIME SRL STX SINGAPORE OFFSHORE PTE. LTD. STX VIETNAM OFFSHORE LTD. JOHNSEN MARITIME AS JOHNSEN MARITIME TULCEA SRL STX NORWAY OFFSHORE DESIGN AS STX NORWAY PIPESERVICE AS STX FRANCE HOLDING AS STX FRANCE SA STX FRANCE LORIENT SAS STX FRANCE SOLUTIONS SAS STX FRANCE LNG TECHOLOGY SAS STX FRANCE CABINS SAS STX NORWAY FLORØ AS AFS ELEKTRO AS STX NORWAY DESIGN FLORØ AS KRAMFORS ASA AKER BRAVO AS STX EUROPE TECHNOLOGY AS STX FINLAND OY STX FINLAND CABINS OY STX USA LIFECYCLE SERVICES INC. AKER ARTIC TECHNOLOGY OY SHIPBUILDING COMPLETION OY NEMARC SHIPPING OY TECHNOLOGY DESIGN AND ENG'ND OY STX CANADA MARINE INC. STX US MARINE INC. |
|
Overseas Office |
|
|
Liaison Office |
|
|
Overseas Branch |
|
|
Joint Venture |
|
|
Subsidiary |
STX MARINE SERVICE CO., LTD.(180111-0755413) (100.0% held by the subject company) |
|
Corporate Ownership |
|
|
Major Shareholders |
|
|
Cooperative Enterprise |
|
Investment Business
|
Sales/ Unit :Mil KRW |
03/2011 |
2010 |
2009 |
|
Export |
625,254 |
2,047,398 |
|
|
Domestic |
379,067 |
1,144,331 |
|
|
Total |
1,004,321 |
3,191,729 |
|
Energy Business
|
Sales/ Unit :Mil KRW |
09/2011 |
2010 |
2009 |
|
Export |
36,966 |
33,011 |
1,144 |
|
Domestic |
726,250 |
782,371 |
529,420 |
|
Total |
763,216 |
815,382 |
530,564 |
The Subject deals with the companies in
China, Japan, Middle East and Europe.
|
Case No. |
Court |
Plaintiff(s)/
Creditor(s)/ Applicant(s) |
Defendant(s)/
Debtor(s)/ Respondent(s) |
Cause |
Amount (Million KRW) |
Status |
|
|
|
The Subject Company |
Sedong Enertec Co.,
Ltd.(Korea) |
Claim for Compensation from Damages |
1,060 |
1st round is proceeding |
|
|
|
The Subject Company |
SY Tank Terminal Co., Ltd.(Korea) |
Claim for Compensation from Damages |
2,935 |
1st round is proceeding |
Not Available
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.53.99 |
|
|
1 |
Rs.83.72 |
|
Euro |
1 |
Rs.72.08 |
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 |
|
---- |
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.