|
Report Date : |
07.03.2013 |
IDENTIFICATION DETAILS
|
Name : |
KOLON INDUSTRIES, INC. |
|
|
|
|
Registered Office : |
1-23, Byeoryang-dong, Gwacheon-si, Gyeonggi-do, Kolon Tower, Korea - 427-709 |
|
|
|
|
Country : |
South Korea |
|
|
|
|
Financials (as on) : |
30.09.2012 |
|
|
|
|
Date of Incorporation : |
05.01.2010 |
|
|
|
|
Com. Reg. No.: |
138-81-56604 from 202-81-44660 |
|
|
|
|
Legal Form : |
Listed Company |
|
|
|
|
Line of Business : |
Manufacture of Synthetic Resin and Other Plastic Materials |
|
|
|
|
No. of Employees : |
3,639 |
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 : |
Exist |
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 |
KOLON INDUSTRIES, INC. (Korean Company Name : “코오롱인더스트리(주)”) |
|
Registered Address |
1-23, Byeoryang-dong, Gwacheon-si,
Gyeonggi-do, Korea |
|
Building |
Kolon Tower |
|
Zip Code |
427-709 |
|
Tel |
+82-2-3677-3114 |
|
Fax |
+82-2-3677-3389 |
|
E-mail |
ikolon@kolon.com;ddochi97@kolon.com |
|
Website |
|
|
Trading Address |
10Th FL., Kolon Tower, 1-23,
Byeoryang-dong, Gwacheon-si, Gyeonggi-do, Korea |
|
Tel |
+82-2-3677-3515 |
|
Fax |
+82-2-3677-3539 |
|
Other Address-FnC Div. |
Gt Tower, 1317-27, Seocho-dong,
Seocho-gu, Seoul, Korea |
|
Tel |
+82-2-3677-8053 |
|
Fax |
|
|
Other Address-Gumi Factory |
Kolon, 212, Gongdan 2-dong, Gumi-si,
Gyeongsangbuk-do, Korea |
|
Tel |
+82-54-469-3114 |
|
Fax |
+82-54-469-3116 |
|
Other Address-Gyeongsan Factory |
345, Bugi-ri, Jillyang-eup, Gyeongsan-si, Gyeongsangbuk- do, Korea |
|
Tel |
+82-53-850-2114 |
|
Fax |
+82-53-850-2034 |
|
Other Address-Gimcheon Factory |
300-2, Eungmyeong-dong, Kimcheon-si,
Gyeongsangbuk- do, Korea |
|
Tel |
+82-54-429-7305 |
|
Fax |
+82-54-429-7660 |
|
Type |
Export/Import |
|
Industry |
Spinning of Man-Made Fibers |
|
Main Business |
Spandex Yarn, Tire Cord Yarn, PET Film, Nylon Film, Stamping Foil,
Window Film, Dry Film, Engineering
Plastic, Sports Wear, Golf Wear, Casual Wear |
|
Sub Business |
Manufacture of Synthetic Resin and Other Plastic Materials |
|
Established (mm/dd/yyyy) |
01/05/2010 |
The Subject owns
the premises of registered Gumi Factory, Gyeongsan Factory and Gimcheon
Factory.
|
Activity |
Detailed Products (UNSPSC) |
|
Sell |
Gel stabilizers(12161807) |
|
Sell |
Phenolic resin(13111002) |
|
Sell |
Additives(12160000) |
|
Sell |
Resins(13111000) |
|
Sell |
Polyurethane resins(13111061) |
|
Sell |
Petroleum resins(13111060) |
|
Sell |
Blank video tapes(45131604) |
|
Sell |
Tire cord(25172507) |
|
Sell |
Miniature golf courses(90151703) |
|
Sell |
Films(13111200) |
|
Sell |
Threads(11151600) |
|
Sell |
Polyester thread(11151603) |
|
Sell |
Nylon thread(11151608) |
|
Sell |
Spandex thread(11151611) |
|
Name |
Park Dong-Moon |
|
Address |
|
|
Date of Birth |
07/1958 |
|
Title |
President & CEO |
|
Sex |
Male |
|
Nationality |
Korean |
|
Capital (KRW) |
135,837,700,000 |
|||||||||||||||||||||
|
Employees |
3,639 |
|||||||||||||||||||||
|
Formation |
Listed Company (Korea Stock Exchange: 120110) as of 02/01/2010 A Company of KOLON GROUP |
|||||||||||||||||||||
|
Bank Details |
Korea Development Bank Korea Exchange Bank Woori Bank-Kwacheon Branch |
|||||||||||||||||||||
|
Corporate Registered No. |
135311-0013606 from 110111-0030528 |
|||||||||||||||||||||
|
Business Registered No. |
138-81-56604 from 202-81-44660 |
|||||||||||||||||||||
|
Permit & Licenses |
Int’l Trade No.: 974679 |
|||||||||||||||||||||
|
Shareholder Position |
|
|||||||||||||||||||||
|
Company History |
04/12/1957
Incorporated as Korea Nylon INC. 02/25/1977 Changed company name
to KOLON(NYLON) INC. 10/28/1981 Changed company name
to the present name 06/01/2007 Acquired KOLON CHEMICAL CO., LTD. (110111-0191405) 11/20/2007 Decided to spin off
into two companies, KOLON INDUSTRIES, INC., and KOLN Fashion
Material Co., Ltd. as of 03/02/2008 08/2009 Acquired FnC KOLON CORP(110111-0003973) 12/31/2009 Spin
off into the Subject Company, KOLON INDUSTRIES, INC.(Newly
Established Company and which is taken of the manufacturing business), and
KOLON CORPORATION(110111-0030528) as a Holding Company 01/05/2010 Incorporated as the present
name 02/01/2010 Listed at Korea Stock Exchange(120110) 05/01/2011 Acquired CAMBRIDGE KOLON CO.,
LTD.(134111-0000517) 09/30/2012 Acquired KOLON PLASTICS INC.(171311-0003504)
and KSI CO., LTD.(171411-0010789) |
|||||||||||||||||||||
|
|
|
|
Job Description |
Title |
Name |
Nationality |
Date of Birth |
Education |
|
Chairman & CEO |
Mr. |
Lee Woong-Yeol |
Korean |
1956.04.18 |
MBA, Gorge Washington University |
|
President & CEO |
Mr. |
Park Dong-Moon |
Korean |
1958.07 |
George Washington University,
USA |
|
Director |
Mr. |
Won Jong-Hern |
Korean |
1956.03.15 |
Yonsei University, Korea |
|
Vice President |
Mr. |
Cho Hee-Jung |
Korean |
1952.09 |
Busan national University, Korea |
|
Director |
Mr. |
Numano Ryuichi |
Japanese |
1952.06.08 |
慶應義塾大學, Japan |
|
Outside Director |
Mr. |
Kim Myung-Won |
Korean |
1947.05.28 |
Myungji University, Korea |
|
Outside Director |
Mr. |
Shin Jang-Sub |
Korean |
1962.01.28 |
Seoul National University, Korea |
|
Outside Director |
Mr. |
Choi Nam-Kyu |
Korean |
1941.11.25 |
Seoul National University, Korea |
|
Outside Director |
Mr. |
Nam In-Sik |
Korean |
1950.01.21 |
Univ. of Massachusetts |
|
Outside Director |
Mr. |
Kim Sung-Ho |
Korean |
1946.10.21 |
Seoul National University, Korea |
|
Outside Director |
Mr. |
Park Young-Ryeol |
Korean |
1957.01.24 |
Univ. of Illinois, USA |
|
Year / Unit : KRW |
Sales |
Assets |
Net Income |
|
2,993,406,242,878 |
3,667,332,017,502 |
115,149,419,415 |
|
|
(*)2011 |
4,063,828,838,425 |
3,578,931,698,372 |
185,310,557,004 |
|
(*)2010 |
3,228,788,843,934 |
3,186,148,737,420 |
179,435,051,168 |
(*)Figures are based
on the K-IFRS Accounting System.
|
Authorized Capital(KRW) |
250,000,000,000 |
|
Paid-Up Capital(KRW) |
139,016,160,000 |
|
Total Issued Shares |
27,803,232 |
Balance Sheet
|
|||
|
Unit : Korean Won |
01/01/2012~09/30/2012 |
As of 12/31/2011 |
As of 12/31/2010 |
|
Total
Assets |
3,667,332,017,502 |
3,578,931,698,372 |
3,186,148,737,420 |
|
Current
Assets |
1,468,022,989,439 |
1,437,412,190,597 |
1,193,242,780,263 |
|
Cash
& Cash Equivalents |
67,189,177,209 |
96,153,894,887 |
54,732,240,559 |
|
Other
Finance Assets |
30,000,000,000 |
|
130,000,000,000 |
|
Trade
Receivables & Other Receivables |
697,287,743,809 |
692,004,432,363 |
611,384,667,455 |
|
Inventories |
652,214,363,448 |
605,994,032,684 |
382,554,101,090 |
|
Other
Current Assets |
21,331,704,973 |
43,259,830,663 |
14,571,771,159 |
|
Non-Current
Assets |
2,199,309,028,063 |
2,141,519,507,775 |
1,992,905,957,157 |
|
Non-Current
Financial Instruments |
41,500,000 |
59,500,000 |
41,500,000 |
|
Trade
Receivables & Other Receivables |
54,909,813,253 |
30,883,990,566 |
17,129,315,760 |
|
Marketable
Financial Instruments |
163,655,947,489 |
198,844,619,749 |
195,884,753,921 |
|
Investment_Related Companies |
567,088,754,866 |
548,136,777,634 |
568,527,722,153 |
|
Tangibles |
1,296,955,435,428 |
1,254,302,332,356 |
1,132,853,870,780 |
|
Investment_Real
Estates |
14,273,268,915 |
14,634,420,748 |
4,892,202,176 |
|
Intangibles |
94,561,437,651 |
91,978,366,041 |
71,801,386,095 |
|
Other
Non-Current Assets |
7,822,870,461 |
2,679,500,681 |
1,775,206,272 |
|
Total
Liabilities |
2,145,137,738,556 |
2,101,957,415,821 |
1,906,823,376,917 |
|
Current
Liabilities |
1,229,452,706,562 |
1,446,840,927,583 |
1,180,119,000,458 |
|
Trade
Payables & Other Payables |
529,397,786,917 |
550,554,337,045 |
523,674,429,641 |
|
Short-Term
Borrowings |
640,229,081,007 |
801,540,927,589 |
636,550,966,034 |
|
Other
Current Liabilities |
33,600,934,481 |
52,029,624,983 |
12,002,256,211 |
|
Accrued
Income Tax |
26,224,904,157 |
42,716,037,966 |
7,891,348,572 |
|
Non-Current
Liabilities |
915,685,031,994 |
655,116,488,238 |
726,704,376,459 |
|
Long-Term
Trade Payables & Other Payables |
57,983,769,650 |
51,981,186,930 |
35,959,460,105 |
|
Long-Term
Borrowings |
738,289,463,539 |
487,000,000,000 |
598,124,948,865 |
|
Other
Non-Current Financial Instruments |
1,150,232,615 |
1,210,038,383 |
1,836,816,236 |
|
Provision
for Severance & Retirement |
68,710,376,830 |
42,651,424,237 |
22,187,666,676 |
|
Deferred
Income Tax Credit |
30,350,333,460 |
52,831,592,828 |
48,883,876,227 |
|
Other
Non-Current Non-Financial Instruments |
19,200,855,900 |
19,442,245,860 |
19,711,608,350 |
|
Capital
Stock |
139,118,490,000 |
139,016,160,000 |
131,072,915,000 |
|
Capital
Surplus |
895,427,734,125 |
895,197,595,236 |
719,131,548,168 |
|
Treasury
Stock |
-127,349,033,682 |
-127,349,033,682 |
-236,412,382 |
|
Profit
Surplus |
520,452,698,181 |
450,285,204,429 |
310,121,565,638 |
|
Others |
94,544,390,322 |
119,824,356,568 |
119,235,744,079 |
|
Total
Equity |
1,522,194,278,946 |
1,476,974,282,551 |
1,279,325,360,503 |
|
Liab.
& Shareholder’s Equity |
3,667,332,017,502 |
3,578,931,698,372 |
3,186,148,737,420 |
Income Statement
|
|||
|
Unit : Korean Won |
01/01/2012~09/30/2012 |
As of 12/31/2011 |
As of 12/31/2010 |
|
Sales |
2,993,406,242,878 |
4,063,828,838,425 |
3,228,788,843,934 |
|
Cost
of Sold Goods |
2,198,294,230,908 |
2,969,915,704,021 |
2,381,647,437,422 |
|
Gross
Profit |
795,112,011,970 |
1,093,913,134,404 |
847,141,406,512 |
|
Selling
& Admin. Expenses |
595,368,758,222 |
792,381,173,617 |
555,694,333,020 |
|
Other
Operating Income |
21,357,228,459 |
41,339,577,282 |
35,199,313,563 |
|
Other
Operating Expenses |
36,070,955,706 |
48,096,854,156 |
44,186,745,498 |
|
Operating
Income |
185,029,526,501 |
294,774,683,913 |
282,459,641,557 |
|
Finance
Income |
15,165,571,793 |
8,958,435,119 |
1,584,835,268 |
|
Finance
Expenses |
-54,023,734,076 |
-75,176,497,682 |
-86,141,764,660 |
|
Profits from Investment on
Related/Subsidiary Companies |
|
|
366,989,873 |
|
Income
Before Taxes |
146,171,364,218 |
228,556,621,350 |
198,269,702,038 |
|
Income
Taxes Expenses |
31,021,944,803 |
43,246,064,346 |
18,834,650,870 |
|
Net
Income |
115,149,419,415 |
185,310,557,004 |
179,435,051,168 |
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 |
134,533,794,780 |
243,266,332,241 |
227,520,934,577 |
|
Net Income |
115,149,419,415 |
185,310,557,004 |
179,435,051,168 |
|
Adjustment |
188,024,042,308 |
253,081,669,630 |
215,307,696,759 |
|
Changes in Asset/ & Liability |
-110,412,292,876 |
-185,586,639,142 |
-150,602,850,063 |
|
Income Taxes |
-58,227,374,067 |
-9,539,255,251 |
-16,618,963,287 |
|
Cash Flows from Investing |
-170,279,846,573 |
-131,586,587,596 |
-325,440,176,939 |
|
Cash Flows from Financing |
6,837,683,914 |
-71,195,635,430 |
115,139,241,133 |
|
Increase/Decrease in Cash |
-28,908,367,879 |
41,410,697,372 |
17,219,998,771 |
|
Cash at the Beginning of Year |
96,153,894,887 |
54,732,240,559 |
37,503,839,185 |
|
Cash at the End of Year |
67,189,177,209 |
96,153,894,887 |
54,732,240,559 |
|
Main Products & Services |
Nylon Yarn, Films, Polyester Yarn, Spandex Yarn, Tire Cord Yarn, PET
Film, Nylon Film, Stamping Foil, Window Film, Dry Film, Engineering Plastic,
Fashion Business Brand Name: N-SDY1, P-SDY, PTC AKILEN, Secura, CM-N6, CM-PBT, EPD-6,
BASE FILM, NYLON FILM, EXTREME, TREKKING, TRANSITION, PERFORMANCE, KIDS |
|
Suppliers |
SAMNAM PETROCHEMICAL CO., LTD.( 110111-0557061) KP CHEMICAL CORP(230111-0082112) HONAM PETRO CHEMICAL
CORPORATION(110111-0193196) SK CHEMICALS CO., LTD(130111-0005727) ASAHI SOLUTIA INVISTA |
|
Customers |
SAMSUNG ELECTRONICS CO,.LTD(130111-0006246) LG.PHILIPS LCD CO., LTD.( 110111-0393134) SKC LTD(130111-0001585) HYUNDAI MOBIS CO., LTD.(110111-0215536) GOODYEAR BRIDGESTONE MICHELIN CONTINENTAL |
|
Competitors |
HYOSUNG CORPORATION(110111-0030497) KP CHEMTECH(230111-0100443) HUVIS CORPORATION(110111-2102070) TOK DUPONT ETERNAL HITACHI-JAPAN ASHAI-JAPAN |
|
Affiliates-Domestic |
KOLON PHARMACEUTICAL
CO., LTD.(110111-0256259) (42.53% held by the
subject company) KOLON CORPORATION(110111-0030528) KTP INDUSTRIES INC.(171311-0003504) KOLON GLOTECH INC.
(110111-0524838) (53.84% held by the
subject company) KOLON FASHION
CORPORATION(110111-2127292) NEOVIEWKOLON CO., LTD
(134211-0040660) KF&T INDUSTRIES
INC.(230111-0091824) KOLON LIFE SCIENCE
CO., LTD.(110111-1948277) CELLVIC DEVELOPMENT
CORPORATION(131111-0031292) CRYOTECH CO.,
LTD.(191211-0010226) KOLON FASHION
MATERIAL INC.(135311-0011139) (67.13% held by the
subject company) KOLON EVERAY CO.,
LTD.(176011-0054417) FNC KOLON
CORP.(110111-0003973) CAMBRIDGE MEMBERS CO.,
LTD.(134111-0000517) KOLONWELLCARE CO.,
LTD.(110111-2930299) SWEET MEAL CO.,
LTD.(110111-2925604) SURPLUS GLOBAL,
INC.(110111-1921140) KOLON MOTORS CO.,
LTD.(131111-0209708) KOLON ENGINEERING
& CONSTRUCTION CO., LTD.(110111-0036502) KOLON CONSTRUCTION
& CONSULTING CO., LTD.(170111-0230756) I PACIFIC PARTNERS
INC.(110111-1902786) KOLON I' NETWORKS
CORP.(110111-0712350) DEOK PYEONG LAND CO.,
LTD.(134411-0024149) KOLON ENVIRONMENTAL
SERVICE CO., LTD.(135311-0005893) GREEN NARAE
INC(161511-0078133) KESCO LANDSCAPE CO.,
LTD.(135311-0009572) KOLON BENIT CO.,
LTD.(135311-0003920) MAUNA OCEAN
DEVELOPMENT CO., LTD.(171211-0045128) EFMC (ENVIRONMENTAL
FACILITIES MANAGEMENT CORPORATION 110111-1458739 ) ENVY SYSTEM
INC.(110111-1028798) GREEN HWASUN
INC.(160111-0199459) GREEN GYEONGSAN
INC.(160111-0203622) GREEN SUNCHANG
INC.(160111-0134942) ON ORGANICNANO
ELECTROIC SYSEMS INC.(200111-0255228) KOREA EPLATFORM CO., LTD.(110111-2008921) |
|
Affiliates-Overseas |
PT. KOLON INA KOLON USA INC. TISSUEGENE INC. QINGDAO KOLON GLOTECH INC. KOLON NANJING CO., LTD. ZHANGJIAGANG KOLON GLOTECH INC. PT. KOLON LANGGENG BEIJING KOLON GLOTECH, INC. KOLON GP CHEMICAL (SUZHOU) CO., LTD. KOLON INT'L(H.K) LTD. KOLON IMPERIAL GRAPHICS PLC. IMPERIAL GRAPHICS GROUP SERVICES LTD. IMPERIAL GRAPHICS PRODUCTS LTD. KOLON(U.K) LTD. BEIJING MI JO DESIGN CO., LTD. KOLON GLOTECH U.S.A. CORP. FNC KOLON SHANGHAI CORP. FNC KOLON USA CORP. |
|
Overseas Office |
KOLON USA INC. 3 SPERRY ROAD, FAIRFIELD, N.J. 07004 U.S.A TEL:+1-973-575-2550 FAX:+1-973-575-1332,
6628 P.T KOLON INA. JL. RAYA JAKARTA-SERANG KM80, DESA
KESERANGAN KABUPATEN SERANG JAWA, BARAT, INDONESIA TEL:+62-254-281-234 / 282-222
FAX:+62-254-281-555 SIAM TIRE CORD CO., LTD. 46/1 MOO 9 BANGNA-TRAD ROAD, K.M 39 BANGWUA
BANGPAKONG, CHACHEONGSAO, 24130 THAILAND TEL:+66-38-538-555 FAX:+:66-38-538-399 TOKYO OFFICE DAIICHI HIBIYA BLDG. 9/F, 18-21, 1-CHOME,
SHINBASHI, MINATO-KU, TOKYO, JAPAN TEL:+81-3-3502-5509/3503-9986
FAX:+81-3-3508-2105 OSAKA OFFICE SHINBO BLDG. 3/F 1-11, 3-CHOME, BINGOMACHI,
CHUO-KU, OSAKA, JAPAN TEL:++81-6-6204-1007 FAX : 81-6-6204-1155 BEIJING OFFICE ROOM 718, BEIJING HUAPU INTERNATIONAL
PLAZA, #19, CHAOYANG MEN WAI STREET, BEIJING, CHINA TEL:+86-10-6599-2716 FAX:+86-10-6599-2715 FRANKFURT OFFICE ARABELLA CENTER 2 OG, LYONER STRASSE 44-48
60528, FRANKFURT / MAIN, GERMANY TEL:+49-69-962-21510 FAX:+49-69-962-21515 KOLON NANJING CO., LTD. 210046, HENG JING ROAD, NANJING ECONOMIC
& TECHNOLOGICAL DEVELOPMENT ZONE, QIXIA DISTRICT, NANJING CITY, JIANGSU
PROVINCE, CHINA TEL:+1-86-25-8557-3500
FAX:+1-86-25-8557-1592 |
|
Cooperative Enterprise |
CHEMTEX-USA TORAY-JAPAN -Insured Company SAMSUNG FIRE & MARINE INSURANCE CO., LTD.(110111-0005078) |
The Subject exports to China, USA, Europe and South America.
|
Case No. |
Court |
Plaintiff(s)/
Creditor(s)/ Applicant(s) |
Defendant(s)/
Debtor(s)/ Respondent(s) |
Cause |
Amount (KRW) |
Status |
|
Case No. 3:09cv58 |
In The United States District Court For The
Eastern District of Virginia Richmond Division |
DUPONT DE NEMOURS AND COMPANY |
The Subject Company |
Infringement of Trade Secret |
1,048,716,900,000 |
The Subject has been defeated at 1st round(11/22/2011),
and is supposed to apply for 2nd
round. |
----
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian
Rupees |
|
US Dollar |
1 |
Rs.54.70 |
|
UK Pound |
1 |
Rs.82.78 |
|
Euro |
1 |
Rs.71.42 |
INFORMATION DETAILS
|
Report
Prepared by : |
NLM |
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.