MIRA INFORM REPORT

 

 

Report Date :

24.07.2013

 

IDENTIFICATION DETAILS

 

Name :

OLAM INTERNATIONAL LIMITED 

 

 

Registered Office :

50 Raffles Place #32-01 Singapore Land Tower Singapore 048623

 

 

Country :

Singapore

 

 

Financials (as on) :

June 2012 (Company)

June 2012 (group)

 

 

Date of Incorporation :

04.07.1995

 

 

Com. Reg. No.:

199504676H

 

 

Legal Form :

Public Company Limited By Shares

 

 

Line of Business :

Wholesale on a fee or contract basis (eg. commission agents)

 

 

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 :

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 – March 31st 2013

 

Country Name

Previous Rating

(31.12.2012)

Current Rating

(31.03.2013)

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 0.8% in 2009 as a result of the global financial crisis, but rebounded 14.8% in 2010, on the strength of renewed exports, before slowing to 5.2% in 2011 and 1.3% in 2012, largely a result of soft demand for exports during the second European recession. Over the longer term, the government hopes to establish a new growth path that focuses on raising productivity, which has sunk to an average of about 1.0% 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:

OLAM INTERNATIONAL LIMITED

199504676H

 

Date Incorporated:

Registered Office:

Telephone Number:

04/07/1995

50 RAFFLES PLACE #32-01 SINGAPORE LAND TOWER SINGAPORE 048623

6339 4100

Age of Company:

Website:

Industry Type:

18

www.olamonline.com

COMMERCE-WHOLESALE

 

Risk Dashboard

Days Beyond Terms

Trend:

No. of Litigation Counts:

Company DTC:

0

91

Worse off than last month;last month the entity took 79 days to pay

No. of Charges(s):
0

Industry DTC

 

23

 

Directors

 

Corporate Structure

Number of Current Directors

11

Holding Company:

NA

Number that are shareholders

NA

No. of Subsidiaries & Associated Companies:

6

 

 

EXECUTIVE SUMMARY

 

Company Name

:

OLAM INTERNATIONAL LIMITED

Registration No

:

199504676H

Date of Registration

:

04/07/1995

Former Name

:

NA

Date of Change of Name

:

NA

Type of Company

:

PUBLIC COMPANY LIMITED BY SHARES

Main Office

:

9 Temasek Boulevard 11-02 SuNtec Tower Two Singapore 038989, Singapore

Registered Address

:

50 RAFFLES PLACE #32-01 SINGAPORE LAND TOWER SINGAPORE 048623

Date of Change of Address

:

22/02/2010

Contact No.

:

6339 4100

Fax No.

:

6339 9755

Website

:

www.olamonline.com

Registered Activities

:

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

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

Issued Ordinary Capital*

:

$2,148,690,224.07 SINGAPORE, DOLLARS ,NO. OF SHARE : 2,442,409,869

Issued Preference Capital

:

NA

Paid-Up Ordinary Capital

:

$2,148,690,224.07 SINGAPORE, DOLLARS

Paid-Up Preference Capital

:

NA

* Number of Shares includes number of Issued Treasury Shares

Issued Treasury Capital

:

NA

Paid-Up Treasury Capital

:

$96,087,676.20 SINGAPORE, DOLLARS

No. of Local Subsidiaries

:

5

No. of Local Associates

:

1

Auditor

:

ERNST & YOUNG LLP

Bankers / Financiers

:

NA

Turnover

:

SGD - SIN 17,093,751,000.00 (FY2012)

Net Worth

:

SGD - SIN 3,527,762,000.00 (FY2012)

No. of Bank Charges

:

NA

No. of Litigation Suits

:

0

S1000 / SME 1000 / FG50 Ranking

:

77 POSITION IN Singapore 1000 Companies Ranked by Net Profit (2011/2012)

4 POSITION IN Singapore 500 Public Listed Companies Ranked By Sales/Turnover (2011/2012)

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

6 POSITION IN Singapore 500 Public Listed Companies Ranked By Sales/Turnover (2010/2011)

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

Compounded Annual Growth Rate (CAGR)

:

20.48% (4 years)

 

 

SHAREHOLDER DETAILS

 

As Subject is registered as a public company limited by shares, its shareholder details are not available. Please refer to documentary for information.

 

 

OFFICER DETAILS

 

NAME

:

JEAN-PAUL PINARD

ADDRESS

:

3003, VAN NESS ST., N.W. (APT W229) WASHINGTON DC, U.S.A.

POSITION

:

DIRECTOR

DATE OF APPT

:

29/10/2008

NATIONALITY

:

FRENCH

I/C PASSPORT

:

07AV04617

 

NAME

:

TSE PO SHING ANDY

ADDRESS

:

13TH FLOOR, FLAT C, BLOCK 20, BAGUIO VILLA NO.555 VICTORIA ROAD, POKFULAM, HONG KONG

POSITION

:

DIRECTOR

DATE OF APPT

:

12/09/2002

NATIONALITY

:

CHINESE

I/C PASSPORT

:

KJ0016589

 

NAME

:

WONG HENG TEW

ADDRESS

:

79 HIGHGATE CRESCENT SINGAPORE 598857

POSITION

:

DIRECTOR

DATE OF APPT

:

10/10/2003

NATIONALITY

:

SINGAPORE CITIZEN

I/C PASSPORT

:

S0207348Z

 

NAME

:

TAN SAN-JU

ADDRESS

:

56 SUNSET WAY CLEMENTI PARK SINGAPORE 597081

POSITION

:

SECRETARY

DATE OF APPT

:

13/02/2012

NATIONALITY

:

SINGAPORE CITIZEN

I/C PASSPORT

:

S1495769C

 

NAME

:

RANGAREDDY JAYACHANDRAN

ADDRESS

:

3 GRANGE GARDEN #09-01 GRANGE, THE SINGAPORE 249633

POSITION

:

DIRECTOR

DATE OF APPT

:

04/07/1995

NATIONALITY

:

SINGAPORE CITIZEN

I/C PASSPORT

:

S2220352E

 

NAME

:

LIM CHOO SAN MICHAEL

ADDRESS

:

11 CALDECOTT CLOSE CALDECOTT HILL ESTATE SINGAPORE 299120

POSITION

:

DIRECTOR

DATE OF APPT

:

24/09/2004

NATIONALITY

:

SINGAPORE CITIZEN

I/C PASSPORT

:

S2539208F

 

NAME

:

NARAIN GIRDHAR CHANRAI

ADDRESS

:

9 ARDMORE PARK #14-02 ARDMORE PARK SINGAPORE 259955

POSITION

:

DIRECTOR

DATE OF APPT

:

04/07/1995

NATIONALITY

:

SINGAPORE CITIZEN

I/C PASSPORT

:

S2584555B

 

NAME

:

ROBERT MICHAEL TOMLIN

ADDRESS

:

22 SAUNDERS ROAD SINGAPORE 228266

POSITION

:

DIRECTOR

DATE OF APPT

:

24/09/2004

NATIONALITY

:

SINGAPORE P.R.

I/C PASSPORT

:

S2624570B

 

NAME

:

SRIDHAR KRISHNAN

ADDRESS

:

18 JALAN JAMBU AYER HOCK SENG PARK SINGAPORE 588778

POSITION

:

DIRECTOR

DATE OF APPT

:

01/04/1998

NATIONALITY

:

SINGAPORE CITIZEN

I/C PASSPORT

:

S2672503H

 

NAME

:

SHEKHAR ANANTHARAMAN

ADDRESS

:

754 MOUNTBATTEN ROAD SINGAPORE 437856

POSITION

:

DIRECTOR

DATE OF APPT

:

01/04/1998

NATIONALITY

:

SINGAPORE CITIZEN

I/C PASSPORT

:

S2675139Z

 

NAME

:

MARK HAYNES DANIELL

ADDRESS

:

34 DRAYCOTT DRIVE #03-03 J C DRAYCOTT SINGAPORE 259426

POSITION

:

DIRECTOR

DATE OF APPT

:

31/10/2002

NATIONALITY

:

SINGAPORE P.R.

I/C PASSPORT

:

S2728135D

 

NAME

:

SUNNY GEORGE VERGHESE

ADDRESS

:

61 GRANGE ROAD #14-04 BEVERLY HILL APARTMENTS SINGAPORE 249570

POSITION

:

DIRECTOR

MANAGING DIRECTOR

DATE OF APPT

:

11/07/1996

11/07/1996

NATIONALITY

:

SINGAPORE CITIZEN

I/C PASSPORT

:

S2763335H

 

NAME

:

YOO LOO PING

ADDRESS

:

348 BALESTIER ROAD #14-03 PRESTIGE HEIGHTS SINGAPORE 329778

POSITION

:

SECRETARY

DATE OF APPT

:

13/02/2012

NATIONALITY

:

SINGAPORE P.R.

I/C PASSPORT

:

S7278603C

 

 

KEY PERSONNEL PROFILE

 

Name:

SUNNY GEORGE VERGHESE

NRIC Number:

S2763335H

Available Address:

61 GRANGE ROAD #14-04 BEVERLY HILL APARTMENTS  SINGAPORE 249570

 

Current Business Interest

No.

Name

Position

Appt Date

#of Share

%

1

FAR EAST AGRI PTE. LTD.

DIRECTOR

16/08/2007

-

NA

2

HUMAN CAPITAL LEADERSHIP INSTITUTE

DIRECTOR

01/10/2012

-

NA

3

INVENIO COMMODITY FINANCIALS PTE. LTD.

DIRECTOR

19/10/2009

-

NA

4

INVENIO HOLDINGS PTE. LTD.

DIRECTOR

07/04/2010

-

NA

5

NAUVU INVESTMENTS PTE. LTD.

DIRECTOR

19/11/2007

-

NA

6

OLAM INTERNATIONAL LIMITED

DIRECTOR

11/07/1996

-

NA

7

OLAM INTERNATIONAL LIMITED

MANAGING DIRECTOR

11/07/1996

-

NA

 

Previous Business

No.

Name

 

 

Status

Position

Appt Date

Last Known Inactive Date

1

CITYSPRING INFRASTRUCTURE MANAGEMENT PTE. LTD.

LIVE COMPANY

DIRECTOR

26/10/2006

09/05/2013

2

NATIONAL UNIVERSITY OF SINGAPORE

LIVE COMPANY

DIRECTOR

01/04/2009

01/07/2013

3

OLAM ONLINE LTD

DISSOLVED - MEMBERS' VOLUNTARY WINDING UP

DIRECTOR

13/09/2000

15/05/2011

4

OLAM ONLINE LTD

DISSOLVED - MEMBERS' VOLUNTARY WINDING UP

MANAGING DIRECTOR

14/11/2000

15/05/2011

5

OLAM WILMAR INVESTMENT HOLDINGS PTE. LTD.

DISSOLVED - MEMBERS' VOLUNTARY WINDING UP

DIRECTOR

27/06/2008

25/06/2010

 

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 (%)

 

CARAWAY PTE. LTD.

100

FAR EAST AGRI PTE. LTD.

100

INVENIO HOLDINGS PTE. LTD.

88.63

OLEA INVESTMENT HOLDINGS PTE. LTD.

80

CARMEL INVESTMENT HOLDINGS PTE. LTD.

80

NAUVU INVESTMENTS PTE. LTD.

50

 

 

BANKERS/ FINANCIERS

 

Subject enjoys a normal banking routine with its bankers. To date, there are no bank charges registered against Subject by its bankers.

 

 

LITIGATION

 

there has been 1 litigation suit 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.

:

278

 

Transfer

:

-

 

Date of Filing

:

03/05/2007

 

Amount

:

0.00

 

Cause

:

Others / Miscellaneous

 

Case Status

:

CONCLUDED

 

Plaintiff

:

EXCLUSIVE MARINE INC.

SANDELE NAVIGATION CORP.

 

Last Update Date

:

22/12/2011

 

 

COMPLIANCE

 

Date of Last AGM

:

31/10/2012

Date of Last AR

:

28/11/2012

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

17,093,751,000

8.17

15,803,387,000

10,502,386,000

8,587,932,000

8,111,910,000

Profit/(Loss) Before Tax

437,910,000

-14.18

510,265,000

420,195,000

258,024,000

164,969,000

Profit After Tax attributable to Shareholders

403,825,000

-9.16

444,568,000

359,749,000

252,029,000

167,677,000

 

 

 

 

 

 

 

Balance Sheet Key Figures

 

 

 

 

 

 

Total Assets

13,827,982,000

9.92

12,580,136,000

7,804,658,000

5,415,416,000

5,239,243,000

Current Assets

9,385,729,000

-2.23

9,599,439,000

5,672,895,000

4,267,130,000

4,618,237,000

Non Current Assets

4,442,253,000

49.03

2,980,697,000

2,131,763,000

1,148,286,000

621,006,000

 

 

 

 

 

 

 

Total Liabilities

10,300,220,000

0.22

10,277,774,000

6,033,873,000

4,369,524,000

4,600,829,000

Current Liabilities

5,765,098,000

-19.14

7,129,964,000

3,685,576,000

3,130,166,000

3,471,672,000

Non Current Liabilities

4,535,122,000

44.07

3,147,810,000

2,348,297,000

1,239,358,000

1,129,157,000

 

 

 

 

 

 

 

Shareholders' Funds

3,527,762,000

53.22

2,302,362,000

1,770,785,000

1,045,892,000

638,414,000

Share Capital

2,077,038,000

31.70

1,577,110,000

1,201,581,000

708,586,000

704,870,000

Total Reserves

1,450,724,000

100.03

725,252,000

569,204,000

337,306,000

(66,456,000)

 

 

FINANCIAL RATIOS

 

 

Group

 

JUN 2012

JUN 2011

JUN 2010

JUN 2009

JUN 2008

Growth %

 

 

 

 

 

Year-on-Year Growth

8.17

50.47

22.29

5.87

NA

 

 

 

 

 

 

Profitability

 

 

 

 

 

Profit Margin (%)

2.36

2.81

3.43

2.93

2.07

Return on Equity (%)

11.45

19.31

20.32

24.10

26.26

Return on Assets (%)

2.92

3.53

4.61

4.65

3.20

 

 

 

 

 

 

Leverage

 

 

 

 

 

Total Debt/Equity (Times)

2.92

4.46

3.41

4.18

7.21

Current Debt/Equity (Times)

1.63

3.10

2.08

2.99

5.44

Long Term Debt To Equity (Times)

1.29

1.37

1.33

1.18

1.77

Total Asset To Total Equity (Times)

3.92

5.46

4.41

5.18

8.21

 

 

 

 

 

 

Asset Management

 

 

 

 

 

Total Assets Turnover (Times)

1.24

1.26

1.35

1.59

1.55

Fixed Assets Turnover (Times)

3.85

5.30

4.93

7.48

13.06

 

 

 

 

 

 

Liquidity

 

 

 

 

 

Current Ratio (Times)

1.63

1.35

1.54

1.36

1.33

 

 

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

10,910,670,000

11.47

9,788,251,000

7,537,972,000

6,332,124,000

6,054,274,000

Profit/(Loss) Before Tax

151,889,000

-23.22

197,830,000

205,640,000

232,629,000

142,968,000

Profit After Tax attributable

 to Shareholders

123,016,000

-28.09

171,070,000

193,012,000

221,029,000

133,683,000

 

 

 

 

 

 

 

Balance Sheet Key Figures

 

 

 

 

 

 

Total Assets

8,724,760,000

8.64

8,030,960,000

6,097,567,000

3,975,443,000

3,982,043,000

Current Assets

6,751,398,000

-1.17

6,831,437,000

4,812,633,000

3,264,552,000

3,667,752,000

Non Current Assets

1,973,362,000

64.51

1,199,523,000

1,284,934,000

710,891,000

314,291,000

 

 

 

 

 

 

 

Total Liabilities

5,970,765,000

-4.35

6,242,430,000

4,541,196,000

3,045,592,000

3,397,520,000

Current Liabilities

2,855,455,000

-35.29

4,412,861,000

2,526,279,000

2,112,756,000

2,559,181,000

Non Current Liabilities

3,115,310,000

70.28

1,829,569,000

2,014,917,000

932,836,000

838,339,000

 

 

 

 

 

 

 

Shareholders' Funds

2,753,995,000

53.98

1,788,530,000

1,556,371,000

929,851,000

584,523,000

Share Capital

2,077,038,000

31.70

1,577,110,000

1,201,581,000

708,586,000

704,870,000

Total Reserves

676,957,000

220.20

211,420,000

354,790,000

221,265,000

(120,347,000)

 

 

FINANCIAL RATIOS 

 

 

Company

 

JUN 2012

JUN 2011

JUN 2010

JUN 2009

JUN 2008

Growth %

 

 

 

 

 

Year-on-Year Growth

11.47

29.85

19.04

4.59

NA

 

 

 

 

 

 

Profitability

 

 

 

 

 

Profit Margin (%)

1.13

1.75

2.56

3.49

2.21

Return on Equity (%)

4.47

9.56

12.40

23.77

22.87

Return on Assets (%)

1.41

2.13

3.17

5.56

3.36

 

 

 

 

 

 

Leverage

 

 

 

 

 

Total Debt/Equity (Times)

2.17

3.49

2.92

3.28

5.81

Current Debt/Equity (Times)

1.04

2.47

1.62

2.27

4.38

Long Term Debt To Equity (Times)

1.13

1.02

1.29

1.00

1.43

Total Asset To Total Equity (Times)

3.17

4.49

3.92

4.28

6.81

 

 

 

 

 

 

Asset Management

 

 

 

 

 

Total Assets Turnover (Times)

1.25

1.22

1.24

1.59

1.52

Fixed Assets Turnover (Times)

5.53

8.16

5.87

8.91

19.26

 

 

 

 

 

 

Liquidity

 

 

 

 

 

Current Ratio (Times)

2.36

1.55

1.91

1.55

1.43

 

 

FINANCIAL COMMENTARY

 

Compound Annual Growth Rate

The company's CAGR is 20.48% (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

The group yielded a rate of net profit on sales of 2.36 per cent in FY12 (FY11: 2.81 per cent). The group is now able to book in SGD - SIN 0.02 of profit for every SGD - SIN of sales in FY12, as compared with SGD - SIN 0.03 a year ago.

 

Liquidity

 

Current ratio stood at 1.63 times in FY12 (FY11: 1.35 times). This means that the group has SGD - SIN 1.63 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 2.92 times in FY12, compared with 4.46 times in FY11. This means that the group requires additional external financing of SGD - SIN 2.92 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

 

 

Return on equity was 11.45 per cent for Subject in the current financial period, as compared to 19.31 per cent a year ago. The return on equity measures the return earned on the owner's investment.  Generally, the higher this return, the better off the owner.

 

Return on assets stood at 2.92 per cent (FY11: 3.53 per cent). The return on asset measures the overall effectiveness of management in generating profit with its available assets.

 

Total assets turnover ratio logged at 1.24 times in FY12 (FY11: 1.26 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.59.69

UK Pound

1

Rs.91.66

Euro

1

Rs.78.69

 

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%)

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.