|
Report Date : |
24.07.2013 |
IDENTIFICATION DETAILS
|
Name : |
ADONIS
LTD. |
|
|
|
|
Formerly Known As : |
Mayar (H.K.) Ltd |
|
|
|
|
Registered Office : |
Room 803, 8/F., Lippo Centre, Tower 2, 89 Queensway,
Admiralty |
|
|
|
|
Country : |
Hong Kong |
|
|
|
|
Date of Incorporation : |
16.09.1993 |
|
|
|
|
Com. Reg. No.: |
17391818 |
|
|
|
|
Legal Form : |
Private
Limited Company |
|
|
|
|
Line of Business : |
Importing and Exporting standard newsprint paper and glazed newsprint paper. |
|
|
|
|
No. of Employees : |
15 |
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 – March 31st 2013
|
Country Name |
Previous Rating (31.12.2012) |
Current Rating (31.03.2013) |
|
Hong Kong |
A2 |
A2 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
|
Moderate |
B1 |
|
High |
B2 |
|
Very High |
C1 |
|
Restricted |
C2 |
|
Off-credit |
D |
Hong Kong ECONOMIC OVERVIEW
Hong Kong has a free market economy, highly dependent on international trade and finance - the value of goods and services trade, including the sizable share of re-exports, is about four times GDP. Hong Kong levies excise duties on only four commodities, namely: hard alcohol, tobacco, hydrocarbon oil, and methyl alcohol. There are no quotas or dumping laws. Hong Kong's open economy left it exposed to the global economic slowdown that began in 2008. Although increasing integration with China, through trade, tourism, and financial links, helped it to make an initial recovery more quickly than many observers anticipated, it again faces a possible slowdown as exports to the Euro zone and US slump. The Hong Kong government is promoting the Special Administrative Region (SAR) as the site for Chinese renminbi (RMB) internationalization. Hong Kong residents are allowed to establish RMB-denominated savings accounts; RMB-denominated corporate and Chinese government bonds have been issued in Hong Kong; and RMB trade settlement is allowed. The territory far exceeded the RMB conversion quota set by Beijing for trade settlements in 2010 due to the growth of earnings from exports to the mainland. RMB deposits grew to roughly 9.1% of total system deposits in Hong Kong by the end of 2012, an increase of 59% from the previous year. The government is pursuing efforts to introduce additional use of RMB in Hong Kong financial markets and is seeking to expand the RMB quota. The mainland has long been Hong Kong's largest trading partner, accounting for about half of Hong Kong's exports by value. Hong Kong's natural resources are limited, and food and raw materials must be imported. As a result of China's easing of travel restrictions, the number of mainland tourists to the territory has surged from 4.5 million in 2001 to 34.9 million in 2012, outnumbering visitors from all other countries combined. Hong Kong has also established itself as the premier stock market for Chinese firms seeking to list abroad. In 2012 mainland Chinese companies constituted about 46.6% of the firms listed on the Hong Kong Stock Exchange and accounted for about 57.4% of the Exchange's market capitalization. During the past decade, as Hong Kong's manufacturing industry moved to the mainland, its service industry has grown rapidly. Growth slowed to 5% in 2011, and less than 2% in 2012. Credit expansion and tight housing supply conditions caused Hong Kong property prices to rise rapidly and inflation to rise 4.1% in 2012. Lower and middle income segments of the population are increasingly unable to afford adequate housing. Hong Kong continues to link its currency closely to the US dollar, maintaining an arrangement established in 1983.
|
Source : CIA |
ADONIS LTD.
Room 803, 8/F.,
Lippo Centre, Tower 2, 89 Queensway, Admiralty, Hong Kong.
PHONE: 852-2850 7366, 2851 7366,
3664 2603, 3664 2605
FAX: 852-2542 2302, 2851 7423
E-MAIL: ajay@mayarhk.com
Managing
Director: Mr. Ajay Deepak
Incorporated
on: 16th
September, 1993.
Organization: Private
Limited Company.
Capital: Nominal: US$50,000,000.00
Issued: US$9,972,000.00
Business Category: Importer and Exporter; Buying Office and
Regional Office.
Annual
Turnover: US$200~220 million.
Employees: 15.
Main Dealing
Bankers: The Hongkong & Shanghai
Banking Corp. Ltd., Hong Kong.
Standard Chartered Bank (Hong Kong)
Ltd., Hong Kong.
Banking
Relation: Good.
Registered Head Office:-
Room 803, 8/F., Lippo Centre, Tower 2, 89 Queensway, Admiralty, Hong Kong.
Overseas Offices:-
Yangon Office
Room 703-704, Level 7, La Pyayt Wun Plaza, No. 37, Signal Pagoda Road, Dagon
Township, Yangon, Myanmar.
Tel: 95-1-371374, 371375
Fax: 95-1-371376
E-mail: mayarcm@myanmar.com.mm
Malaysia Office
H. No. 8-A, Lane 15, Delta Estate, 96000, SIBU, Sarawak, Malaysia.
Tel: 60-84-338730
Fax: 60-84-338641
E-mail: mayarsb@streamyx.com
Parent Company:-
Mayar India Ltd., India.
Associated/Affiliated Companies:-
Mayar Group of
Companies
Amar Eye Centre & Research, India.
Atos Mayar, Singapore.
Blue Diamond Far East Pte. Ltd., Singapore.
Mannor Impex Pvt. Ltd., India.
Mayar Finance Ltd., India.
Mayar Health Resorts Ltd., India.
Mayar Infrastructure Development Pvt. Ltd., India.
Mayar Properties & Investments (Pvt.) Ltd., India.
Mayar Securities (Pvt.) Ltd., India.
Mayer Biotech SEZ, India.
Qingdao Jinhuihai International Transportation Co. Ltd., China.
Sanguine Singapore Pte. Ltd., Singapore.
Shree Cosmetics Ltd., India.
Signalize Impex (P) Ltd., India.
Sivananda Pharmaceuticals (Pvt.) Ltd., India.
V.O.U. Investment (Pvt.) Ltd., India.
etc.
17391818
0449525
Group Chairman & Managing Director: Mr. Ajit Kumar Sud
Director & Business Head: Mr. Ashit Sud
Managing Director: Mr. Ajay Deepak
Nominal Share Capital: US$50,000,000.00 (Divided into 400,000 shares of US$125.00 each)
Issued Share Capital: US$9,972,000.00
(As per registry
dated 16-09-2012)
|
Name |
|
No. of shares |
|
Ajit
Kumar SUD |
|
16 |
|
Mayar India Ltd. Plot No. A,
Basant Lok Community Centre, Vasant Vihar, New Delhi 110057, India. |
|
79,744 |
|
Ajay DEEPAK |
|
16 |
|
|
|
–––––– |
|
|
Total: |
79,776 ===== |
(As per registry dated
16-09-2012)
|
Name (Nationality) |
Address |
|
Ajit Kumar SUD (Indian) |
2-A, Shankra Charya Marg, Behind I.P. College, Civil
Lines, Alipur Road, New Delhi-110054, India. |
|
Ashit SUD |
Flat B, 37/F., Tower
8, Phase 1, Residence Belair, 28
Bel Air Avenue, Island South,
Wah Fu, Hong Kong. |
|
Abhit SUD |
2-A, Shankra Charya Marg, Behind I.P. College, Civil
Lines, Alipur Road, New Delhi-110054, India. |
|
Ajay DEEPAK |
Flat E, 8/F., Block 7, City Garden, 233 Electric Road,
Hong Kong. |
(As per registry
dated 16-09-2012)
|
Name |
Address |
Co.
No. |
|
Tricor Tengis Ltd. |
Level 28, Three Pacific Place, 1 Queen’s Road East, Hong
Kong. |
0041027 |
The subject was incorporated on 16th September, 1993 as a private limited liability company under the Hong Kong Companies Ordinance.
Originally the subject was registered under the name of Mayar (H.K.) Ltd., name changed to the present style on 22nd July, 2011.
Formerly the subject was located at Room 1102, 11/F., The Centre Mark, 287‑299 Queen’s Road Central, Hong Kong, moved to Room 604, 6/F., Lippo Centre, Tower 1, 89 Queensway, Admiralty, Hong Kong with effect from 8th February, 1999; and further moved to the present address in June 2010.
In September 2009, the subject increased its ordinary shares from 63,776 to 79,776.
Apart from these, neither material change nor amendment has been ever traced and noted.
Activities: Importer and Exporter; Buying Office and Regional Office.
Lines: All kinds of newsprint paper, graphic paper, timber, soya bean, raw cashew in shells,
industrial materials, sundries and native produces.
Employees: 15.
Commodities Imported: Russia, Germany, Austria, Korea, India, etc.
Markets: Hong Kong, India and Southeast Asia.
Annual Turnover: US$200~220 million.
Terms/Sales: L/C, T/T, etc.
Terms/Buying: L/C, T/T, D/P, etc.
The Indian Chamber of Commerce Hong Kong, Hong Kong.
Nominal Share Capital: US$50,000,000.00 (Divided into 400,000 shares of US$125.00 each)
Issued Share Capital: US$9,972,000.00
Increases of Nominal
Capital:-
|
From |
US$ 250,000.00 |
to |
US$ 500,000.00 |
on |
06-09-1994 |
|
From |
US$ 500,000.00 |
to |
US$ 9,375,000.00 |
on |
25-03-1997 |
|
From |
US$9,375,000.00 |
to |
US$50,000,000.00 |
on |
25-09-2009 |
Alternation of Issued
Capital:-
|
16-09-1993 |
paid up |
US$ 250.00 |
|
06-09-1994 |
paid up |
US$ 498,000.00 |
|
25-03-1997 |
paid up |
US$ 7,473,750.00 |
|
25-09-2009 |
paid up |
US$ 2,000,000.00 |
|
|
|
––––––––––––––– |
|
Total: |
paid up |
US$ 9,972,000.00 ============= |
Mortgage or Charge
(since June 2008): (See attachment)
Profit or Loss: Operation is profitable.
Condition: Keeping in an active and satisfactory condition.
Facilities: Making use of general banking facilities.
Payment: Met obligations as contracted.
Commercial Morality: Good.
Bankers:-
· The Hongkong & Shanghai Banking Corp. Ltd., Hong Kong.
Standard
Chartered Bank (Hong Kong) Ltd., Hong Kong.
Credit Agricole Corporate & Investment Bank,
Hong Kong Branch.
BNP
Paribas, Hong Kong Branch.
Australia
& New Zealand Banking Group Ltd., Hong Kong Branch/Singapore Branch.
Indian
Overseas Bank, Hong Kong Branch.
Bank
of Baroda (Hong Kong) Ltd., Hong Kong.
Bank
of India, Hong Kong Branch.
Axis
Bank Ltd., Hong Kong Branch.
Allahabad
Bank, Hong Kong Branch.
UCO
Bank, Hong Kong Branch.
Standing: Very Good.
Adonis Ltd. was incorporated in Hong Kong in September 1993 and commenced business in June 1994. Its holding company Mayar India Ltd. [Mayar India] is an India-based firm.
The subject changed name to the present style in July 2011.
It is engaged in establishing trade links between India, Hong Kong and the other countries of the world. It is rapidly developing business ties with India and serving as a foothold for Mayar to penetrate into the world market. The subject carries Publication Paper, Timber, Agriculture Produce, Iron Ore and Steel.
The subject is an Indian company acting as a buying and regional office for Mayar India in Hong Kong.
Located in New Delhi, India, Mayar India has been dealing in paper for over 50 years. Mayar India, the flagship company of the Mayar Group, is engaged in international trading. It also monitors of all the Group companies in India and abroad. The total annual sales turnover of the Group is over US$600 million. Business is active.
The subject is a part of the Mayar Group which is headquartered in India and has a history of over 62 years. Established in 1948, Mayar Group is a large business conglomerate having interests in paper, timber, beans, other agricultural products, iron and steel, iron ore, real estates, personal care products, infrastructure development and hospitality. It is one of the significant enterprises in India.
Mayar Group has set up a number of affiliated and associated companies in the world. It oversees the activities of all its offices across the world — in Hong Kong which is the subject, Malaysia, Singapore, Indonesia, Venezuela, Burma and even Russia.
According to the Group, it is a “debt free company” as it believes in expanding its interests by drawing on its own resources. The Group will keep on expanding in the years ahead under this way. For instance, the Group has set up the following two new firms in Singapore:-
· Atos Mayar;
Sanguine
Singapore Pte. Ltd.
The former is a Spa Chain in Singapore while the latter is a shipping company. Now, the Group has become a USD one billion multinational and multi-product conglomerate with diversified business interests.
The Group’s Mayar Infrastructure Development Pvt. Ltd. [MIDPL] is developing a 100 Acres of Special Economic Zone in Northern India (Delhi / National Capital Region). MIDPL is a part of Mayar Group.
Mayar Biotech SEZ has a total of 100 acres of land which is the Government of India notified for Biotechnology & Life Sciences.
The Processing Zone is equipped with a state-of-art Life Sciences laboratory space spread over 20,500 sq.m., referred to as BioPORT (Biotechnology Platform for Outsourcing, R & D and Training).
Mayar Biotech SEZ [MBIOSEZ] intends to develop an integrated township on this Special Economic Zone. To create an environment of customer delight, MBIIOSEZ facilitates in the Non-Processing Zone luxurious Housing (Villas & Service Apartments), Luxury Hotel, Resorts, Spa’s and commercial complex with facility of entertainment, Food Court, Shopping Arcades, Bank, ATM, Medical facilities, School, etc.
In Hong Kong, the subject is rated as one of the largest trading company of Indian origin, with its net worth about US$35 million as of 31st March, 2012. Now, its annual sales turnover ranges from US$200 to 220 million. Business is active.
The subject is principally engaged in importing and exporting standard newsprint paper and glazed newsprint paper. The suppliers are in Russia, Germany, Austria and South Korea. In order to diversify the business, the subject also has been engaged in importing and exporting timber, agricultural products, iron ore, iron and steel, chemicals, etc. Its business has penetrated China and offices have been set up in Guangzhou, Qingdao and Beijing.
The Qingdao firm is known as Qingdao Jinhuihai International Transportation Co. Ltd. The General Manager of the Qingdao firm is Mr. Qi Jianxin who is a Chinese. The Qingdao firm is responsible for the co-ordination with the newsprint mills and logistic services. Qi Jianxin has become one of the key managing personnel of the Group. He is one of the managers of the Publication Paper Division.
The directors of the subject are also Chief Executive Officers of the Mayar Group. The subject is fully supported by the Mayar Group. Business keeps on improving.
In Hong Kong, the business of the subject is chiefly handled by Mr. Ajay Deepak who is residing in Hong Kong most of the time. He is a Hong Kong ID holder and has got the right to reside in Hong Kong permanently.
In December 2007, the subject got a litigation filed with the Hong Kong court concerning an amount due of US$358,000. Now, this case has been settled.
On the whole, having a history of over nineteen years, the subject is considered good for normal business engagements.
REMARKS:
Brief personal profile
of directors:-
Mr. Ajit Kumar SUD is the Chairman and Managing Director of the Group. Born in 1946, Mr. Ajit Kumar Sud joined in the family business in 1967, a worthy inheritor of his father’s mantle, is continuing the legacy by expanding the Group in other areas like Health Resorts, Day Spas, and Development of Special Economic Zones. He is sticking firmly to the ideals that have made the Mayar a corporate global organization.
Mr. Ashit Sud is the Business Head. Born in 1979, Mr. Ashit Sud is the elder son of Mr. A.K. Sud. He possesses a degree in B.Sc. (Hons), specializing in Finance and Human Resources from University of Bradford, the United Kingdom. He has got extensive training in the subject for 7 years. He joined the family business in 2000. He was part of the core team for establishing the Mayar Group’s Hospitality Venture, Health Spa at Ashok Hotel, Chanakyapuri, New Delhi in 2004. Presently he is the Business Head of the subject.
Mr. Ajay DEEPAK, MSc. (Physics), CAIIB is a professional from banking industry. Has over 20 years of banking experience at National and International level. His present position is Managing Director of the subject.
Court case
record:-
|
Action Date |
Case No. |
Plaintiff |
Defendant |
Cause |
Amount |
|
06-12-2007 |
H1430 |
Ashita Impex Pvt. Ltd. |
Mayar (H.K.) Ltd. and other |
Money Due/Owing |
US$358,000 |
Property information of the company:-
1. Property Location: Room 803 on 8/F. of Tower 2, Lippo Centre, 89 Queensway, Hong Kong.
Owner: Mayar (H.K.) Ltd.
Date of Purchase: n.a.
Purchased Price: n.a.
Incumbrances:-
|
Date of Mortgage |
Amount Consideration |
Mortgagee |
Nature |
|
10-02-2010 |
- |
Bank of India, Hong Kong Branch. |
Mortgage to secure general banking facilities |
2. Property Location: Flat
G on 11/F. of Tower 18, South Horizons,
18 South Horizon Drive, Hong Kong.
Owner: Mayar (H.K.) Ltd.
Date of Purchase: n.a.
Purchased Price: n.a.
Incumbrances:-
|
Date
of Mortgage |
Amount
Consideration |
Mortgagee |
Nature |
|
19-11-1998 |
- |
Banque Nationale de
Paris, Hong Kong Branch.
[Now known as BNP Paribas] |
Mortgage to secure
general banking facilities |
3. Property Location: Flat E on 8/F. of Block 7, City Garden, 233 Electric Road, Hong Kong.
Owner: Mayar (H.K.) Ltd.
Date of Purchase: n.a.
Purchased Price: n.a.
Incumbrances:-
|
Date of Mortgage |
Amount Consideration |
Mortgagee |
Nature |
|
10-09-2010 |
- |
Allahabad Bank, Hong Kong Branch. |
Mortgage to secure general banking facilities |
4. Property Location: Flat B on 37/F. of Tower 8 and Private Car Park No. 188 on Car Park Level 2, Residence Bel-Air, 28-38 Bel-Air Avenue, Island South, Hong Kong.
Owner: Mayar (H.K.) Ltd.
Date of Purchase: n.a.
Purchased Price: n.a.
Incumbrances:-
|
Date of Mortgage |
Amount Consideration |
Mortgagee |
Nature |
|
30-09-2010 |
- |
Bank of Baroda, Hong Kong Branch. |
Mortgage to secure general banking facilities |
(Since June 2008)
|
Date |
Particulars |
Amount |
|
07-08-2008 |
Instrument: Letter of Set-off and Appropriation Property: Fixed Deposit deal No. 145410 dated 28-07-2008 for US$503,133.58 of A/C No. 037130 Mortgagee: Bank of India, Hong Kong Branch. |
Advances and other banking facilities |
|
24-09-2008 |
Instrument: Undertaking Relating to Deposits Property: Distinctive No. Date of Receipt: 09-07-2008, 09-07-2008, 09-07-2008 Amount of Deposit: US$750,000.00;
US$750,000.00; Rate of Interest: 2.70%, 2.70%, 2.70% Maturity
Date Mortgagee: Indian Overseas Bank, Hong Kong Branch. |
All and any liabilities |
|
31-01-2009 |
Instrument: Charge on Deposit Property: A sum of US$1,690,940.96 for Account No. 911020400003162, 911020400002875, 911020400002431 and 911020400001892 Mortgagee: Axis Bank Ltd., Hong Kong Branch. |
As a continuing security for the payment and discharge
of the Liabilities |
|
06-03-2009 |
Instrument: Obligations of the Depositor Property: Account No. 82000014 and 82100014: Amount Rate of Maturity 2008
FD 48 2 18-10-2008 283,645.50 3.50% 18-04-2009 Mortgagee: Allahabad Bank, Hong Kong Branch. |
All moneys |
|
12-05-2009 |
Instrument: Letter of Set-off and Appropriation Property: The following fixed deposit of A/C No. 037130: Deal No. Date Amount Due Date 152688 02-03-2009 US$553,010.60 02-06-2009 Mortgagee: Bank of India, Hong Kong Branch. |
Advances and other banking facilities |
|
01-06-2009 |
Instrument: Undertaking Relating to Deposits Property: Receipt
No.: EM 57 Mortgagee: UCO Bank, Hong Kong Branch. |
Liabilities |
|
10-02-2010 |
Instrument: Mortgage Property: 343,435/1,285,159th parts or shares of and in 1,285/102,750th parts or shares of and in Inland Lot No. 8615 {Room 803 on 8/F. of Tower Two [formerly known as Peregrine Tower and before that known as EIE Tower and further before that known as Tower 1 (West Tower)] of Lippo Centre (formerly known as Bond Centre), 89 Queensway, Hong Kong.} Mortgagee: Bank of India, Hong Kong Branch. |
Repayment of all monies obligations and liabilities in
respect of general banking facilities |
|
21-04-2010 |
Instrument: Memorandum Property: Distinctive 91210300003341 01-03-2010 US$662,373.17 01-06-2010 Mortgagee: Bank of Baroda, Hong Kong Branch. |
Loan or credit or other
facilities |
|
21-06-2010 |
Instrument: Undertaking Relating to Deposits Property: Receipt No.: 2010
UL 2 Mortgagee: UCO Bank, Hong Kong Branch. |
Liabilities |
|
10-09-2010 |
Instrument: Mortgage Property: 38/100,180th parts or shares of and in Inland Lot No. 8580 (Flat E on 8/F. of Block 7 of City Garden, 233 Electric Road, Hong Kong.) Mortgagee: Allahabad Bank, Hong Kong Branch. |
All moneys |
|
30-09-2010 |
Instrument: Mortgage Property: 164/553,324th parts or shares of and in Section B of Inland Lot No. 8969 (Flat B on 37/F. of Tower 8 and Private Car Park No. 188 on Car Park Level 2 of Residence Bel-Air, 28-38 Bel-Air Avenue, Island South, Hong Kong.) Mortgagee: Bank of Baroda, Hong Kong Branch. |
All moneys |
|
04-04-2011 |
Instrument: Charge Over Deposit Property: All the fixed deposit and/or call deposit under the Customer ID 911000130 Mortgagee: Axis Bank Ltd., Hong Kong Branch. |
To secure all monies in
respect of banking facilities |
|
23-05-2011 |
Instrument: Undertaking Relating to Deposits Property: Distinctive Date of Amount Rate
of Maturity 2010 FD 5161 01-03-2011 US$400,000.00 1.250% 01-06-2011 Mortgagee: Indian Overseas Bank, Hong Kong
Branch. |
All and any liabilities |
|
17-08-2011 |
Instrument: Obligations
of the Depositor Property: A sum of US$1,500,000.00 under account
number 30800011 Mortgagee: Allahabad
Bank, Hong Kong Branch. |
To secure all monies in respect of banking facilities |
|
17-08-2011 |
Instrument: General
Letter of Hypothecation Property: All goods
and all bills of exchange, promissory notes and negotiable instruments Mortgagee: Allahabad
Bank, Hong Kong Branch. |
To secure all monies in respect of banking facilities |
|
02-09-2011 |
Instrument: Memorandum Property: Distinctive 91210300004549 16-11-2010 US$162,025.37 16-11-2011 Mortgagee: Bank of Baroda, Hong Kong Branch. |
Loan or credit or other
facilities |
|
01-12-2011 |
Instrument: Undertaking Relating to Deposits Property: Distinctive Date of Amount Rate
of Maturity 2008 FD 1914 10-10-2011 US$777,865.82 0.640% 09-01-2012 Mortgagee: Indian Overseas Bank, Hong Kong
Branch. |
All and any liabilities |
|
12-04-2013 |
Instrument: Charge on Deposit Property: A sum of US$1,699,000 currently represented or evidenced by a certificate of deposit dated 21-02-2013 bearing number 000013010000907 Mortgagee: Union Bank of India, Hong Kong
Branch. |
All moneys |
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.59.68 |
|
UK Pound |
1 |
Rs.91.66 |
|
Euro |
1 |
Rs.78.68 |
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.