|
Report Date : |
22.03.2013 |
IDENTIFICATION DETAILS
|
Name : |
TRI-UNION
(INTERNATIONAL)
DEVELOPMENT LTD. |
|
|
|
|
Registered Office : |
Room 501, 5/F., Fortis Bank Tower, 77 Gloucester Road,
Wanchai |
|
|
|
|
Country : |
Hong Kong |
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|
|
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Date of Incorporation : |
16.06.1988 |
|
|
|
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Com. Reg. No.: |
11919761 |
|
|
|
|
Legal Form : |
Private Limited Company |
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|
|
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Line of Business : |
Importer and Exporter; Transhipment Agent; Property Investment of all kinds of light industrial products such as domestic electric appliance, household products, plywood, timber, building materials, paper and pulp, chemicals and plastic low materials, general merchandise, etc. |
|
|
|
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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 |
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Payment Behaviour : |
Regular |
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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) |
|
Hong Kong |
A2 |
A2 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
|
Moderate |
B1 |
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High |
B2 |
|
Very High |
C1 |
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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'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 7.8% of total system deposits in Hong Kong by the end of 2011, an increase of over 59% since the beginning of the 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 28 million in 2011, 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 2011 mainland Chinese companies constituted about 43% of the firms listed on the Hong Kong Stock Exchange and accounted for about 56% 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. Credit expansion and tight housing supply conditions caused Hong Kong property prices to rise rapidly in 2010 and inflation to rise 5.3% in 2011. 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 |
TRI-UNION (INTERNATIONAL) DEVELOPMENT LTD.
Room 501, 5/F., Fortis Bank Tower, 77 Gloucester Road, Wanchai, Hong Kong.
PHONE: 2865 5335
FAX: 2529 7478
E-MAIL: tri_union@hotmail.com
Managing Director: Mr. Li Hua
Incorporated on: 16th June, 1988.
Organization: Private Limited Company.
Capital: Nominal: HK$213,258,000.00
Issued: HK$213,258,000.00
Business Category: Importer and Exporter; Transhipment Agent.
Annual Turnover: HK$1.1-1.4 billion.
Employees: 15.
Main Dealing Banker: Bank of China (Hong Kong) Ltd., Hong Kong.
Banking Relation: Good.
Registered Head
Office:-
Room 501, 5/F., Fortis Bank Tower, 77 Gloucester Road, Wanchai, Hong Kong.
Holding Company:-
China National Light Industrial Products Import & Export Corporation
No. 910, 9th Section, Jinsong, Chaoyang District, Beijing, China.
[Tel: (86-010) 8776 3388; E-mail: info@chinalight.com.cn]
Ultimate Company:-
China General Technology (Group) Holding Co. Ltd., China.
Associated/Affiliated
Companies:-
ChinaLight Group of Companies
Aclima Import & Export Co., UAE.
Bacardi (Shanghai) Ltd., China.
China National Consumer Electrics & Electronics Import & Export Corporation, China.
China National Pulp & Paper Corporation, China.
ChinaLight (Guangzhou) Import & Export Corporation, China.
ChinaLight (Shanghai) Import & Export Co. Ltd., China.
ChinaLight Agencia En Chile, Chile Representative Office.
ChinaLight Everbright Import & Export Corporation, China.
ChinaLight Footwear & Headgear Import & Export Corporation, China.
ChinaLight General Merchandise Import & Export Corporation, China.
ChinaLight New Century Investment Co. Ltd., China.
ChinaLight Ningbo Import & Export Co. Ltd., China.
ChinaLight Oriental Import & Export Corporation, China.
ChinaLight Real Estate Co. Ltd., China.
ChinaLight Resources Import & Export Corporation, China.
ChinaLight Rubber (Thailand) Co. Ltd., Thailand.
ChinaLight Shenzhen Import & Export Co. Ltd., China.
ChinaLight Suitcases Bags & Working Protective Products Import & Export Corporation, China.
ChinaLight Sunshine Import & Export Co. Ltd., China.
ChinaLight Tri-Union International Co. Ltd., China.
Genertec International (Hong Kong) Co. Ltd., Hong Kong.
King’s Ceramics & Chemicals Co. Ltd., China.
Kunlun International Co. Ltd., China.
Revlon (Shanghai) Ltd., China.
Sino-Pacific Light
Industry Fund Management Ltd., Hong Kong.
[Dissolved]
Tinsence (Hong Kong) Ltd., Hong Kong.
Tricell (H.K.) Ltd., Hong Kong.
Tricell Forest Products Ltd., Canada.
Tri-Union (H.K.) Pulp & Paper Ltd., Hong Kong.
Tri-Union (Hamburg) Trading Corporation GmbH, Germany.
Tri-Union (Russia) Ltd., Russia.
Tri-Union ChinaLight Investment Ltd., Hong Kong.
TVSN China Ltd., Hong Kong.
Wall’s (China) Co. Ltd., China.
etc.
11919761
0218417
Managing Director: Mr. Li Hua
Deputy General Manager: Mr. Zhang Peng
Contact Person: Mr. Wang Zhanshan
Nominal Share Capital: HK$213,258,000.00 (Divided into 2,132,580 shares of HK$100.00 each)
Issued Share Capital: HK$213,258,000.00
(As per registry
dated 16-06-2012)
|
Name |
|
No.
of shares |
|
China National Light
Industrial Products Import & Export Corporation No. 910,
9th Section, Jinsong, Chaoyang District, Beijing, China. |
|
2,132,580 ======= |
(As per registry
dated 16-06-2012)
|
Name (Nationality) |
Address |
|
ZHANG Xiaoying |
Flat 2104, No. 56 Mansion, Songyu South Road, Chaoyang
District, Beijing, China. |
|
PAN Wang |
2 Rear Lane, Pudusi, Dongcheng District, Beijing, China. |
|
ZHOU Yuan Jing |
816, 11/F., Court 10, Taipingzhuang, Chaoyang District,
Beijing, China. |
|
ZHOU Xiu Zhen |
Room 201, Block 5, Lujingyuan, Chongwen District, Beijing,
China. T |
|
LI Hua |
5/F., Fortis Bank Tower, 77 Gloucester Road, Wanchai, Hong
Kong. |
(As per registry
dated 16-06-2012)
|
Name |
Address |
|
ZHANG Kejian |
Flat B, 19/F., Kenthill Mansion, 18 Marble Road, North
Point, Hong Kong. |
The subject was incorporated on 16th June, 1988 as a private limited liability company under the Hong Kong Companies Ordinance.
Apart from these, neither material change nor amendment has been ever traced and noted.
Activities: Importer and Exporter; Transhipment Agent; Property Investment.
Lines: All kinds of light industrial products such as domestic electric appliance, household products,
plywood, timber, building materials, paper and pulp, chemicals and plastic low materials, general merchandise, etc.
Employees: 15.
Commodities
Imported:-
Domestic electric appliance – Japan, South Korea and West Europe.
Plywood – Indonesia, Philippines and Malaysia.
Paper and pulp – US, Canada, Japan, South Korea, Indonesia, Finland, Austria and West Europe.
Gum – Malaysia, Thailand.
Chemical and plastic material – U.S.A., Japan, South Korea and West Europe.
Textile products, essential goods – China.
Markets: Hong Kong, China, other Asian countries, Europe, North America, etc.
Annual Turnover: HK$1.1-1.4 billion.
Terms/Sales: L/C, T/T, etc.
Terms/Buying: Various terms.
The Hong Kong Chinese
Enterprises Association, Hong Kong.
[Membership No. C0313]
Nominal Share Capital: HK$213,258,000.00 (Divided into 2,132,580 shares of HK$100.00 each)
Issued Share Capital: HK$213,258,000.00
Mortgage or Charge: (See attachment)
Profit & Loss: Operation is profitable.
Condition: Keeping in an active and good manner.
Facilities: Is making active use of general banking facilities.
Payment: So far so good.
Commercial Morality: Good.
Banker: Bank of China (Hong Kong) Ltd., Hong Kong.
Standing: Good.
Tri-Union (International) Development Ltd. [Tri-Union] was incorporated on 16th June, 1988 as a wholly-owned subsidiary of China National Light Industrial Products Import & Export Corporation [Chinalight] which is in Beijing, China. The ultimate holding company is China General Technology (Group) Holding Co. Ltd. [Genertec], also a China-based firm.
Tri-Union mainly acts as an agent for Beijing various light industrial product factories in buying raw materials and exporting finished products. All the officers came from Beijing, China. Operation is good.
Its parent company Chinalight, established in 1952 and under the jurisdiction of the State-owned Assets Supervision and Administration Commission of the State Council, is one of the largest foreign trading enterprises of the Chinese Central Government, with its operating scale and business strength listed among the best of the light industrial products import and export enterprises in China. It has always ranked in the front among the top 500 import and export firms throughout China.
On the basis of its development strategies, Chinalight has taken vigorous action to carry out industrialized and diversified operations to constantly extend toward the midstream and upstream of the growing industries. Chinalight has expanded its business from the developed countries to the rising markets in Asia, Africa and Latin America. Successful operation conducted by Chinalight has given rise to a flourishing business and the operating strength of Chinalight has improved steadily. At present, Chinalight has registered an annual turnover of more than RMB7.5 billion, with the import and export business reaching more than US$850 million. Chinalight has 17 entirely-owned subsidiaries, 4 holding companies and dozens of holding and jointly-operated production enterprises, as well as 10 entirely-owned overseas firms and joint ventures.
Chinalight and its subsidiaries have got ISO 9001: 2000 international certification.
Genertec, founded in 1998 as an important state-owned enterprise directly administered by the central government, is the largest service provider introducing advanced equipment and technology, the largest importer and exporter of light industrial products and medical & health products, the largest distributor and service provider of mobile communication terminal products, and also the important equipment manufacturer, international engineering contractor, pharmaceutical manufacturer and supplier, technical and consulting service provider and construction and land agent.
Genertec is specialized in five sectors, including equipment manufacturing, trading and engineering contracting, pharmaceutical industry, technical services and consultancy as well as construction and real estate. With sound capacity, full credentials and renowned reputation over 50 years, most of the key subsidiaries have played significant role in China’s relevant industries or industry segments and made great contribution to economic construction and social development. At present, with more than 45,000 employees, Genertec has 58 overseas organizations and 32 domestic subsidiaries among which 3 are listed in Shanghai stock market.
Genertec is able to provide its clients with package solution including marketing, commercial services, financing, key equipment manufacturing, engineering design and construction and technical & consulting services. With its worldwide marketing, sales and logistic networks and integrated operation capabilities, Genertec has formed steady trade and cooperative relations with more than 100 countries and regions of the world.
Tri-Union is fully supported by Chinalight and ultimately by Genertec.
On the whole, in view of the parentage and background of Tri-Union, consider it good for normal business engagements.
Property
information of the company:-
1. Property Location: Flats
A & B on 14/F. and Flats A & B on 15/F., Hollywood Court,
28 Hei Wo Street, Hong Kong.
Owner: Tri-Union (International) Development Ltd.
Date of Purchase: n.a.
Purchased Price: n.a.
Incumbrances:-
|
Date of Mortgage |
Amount Consideration |
Mortgagee |
Nature |
|
28-03-2006 |
- |
Bank of China (Hong Kong) Ltd., Hong Kong. |
Mortgage to secure general banking facilities |
|
28-03-2006 |
- |
- ditto - |
Second legal charge to secure general banking
facilities granted to Tricell (H.K.) Ltd. |
|
28-03-2006 |
- |
- ditto - |
Third legal charge to secure general banking
facilities granted to Tri‑Union (H.K.) Pulp & Paper Ltd. |
2. Property Location: Flats A on 14/F., 18/F., 19/F. & 20/F. and Flats B on 14/F., 16/F., 17/F., 18/F., 19/F. & 20/F., Kenthill Mansion, 18 Marble Road, Hong Kong.
Owner: Tri-Union (International) Development Ltd.
Date of Purchase: n.a.
Purchased Price: n.a.
Incumbrances:-
|
Date of Mortgage |
Amount Consideration |
Mortgagee |
Nature |
|
28-03-2006 |
- |
Bank of China (Hong Kong) Ltd., Hong Kong. |
Mortgage to secure general banking facilities |
|
28-03-2006 |
- |
- ditto - |
Second legal charge to secure general banking
facilities granted to Tricell (H.K.) Ltd. |
|
28-03-2006 |
- |
- ditto - |
Third legal charge to secure general banking
facilities granted to Tri‑Union (H.K.) Pulp & Paper Ltd. |
|
Date |
Particulars |
Amount |
|
28-03-2006 |
Instrument: Mortgage Property: 8/106th parts or shares of and in Inland Lot Nos. 7539, 7538, 7537 & 7536 [Flats A & B on 14/F. and Flats A & B on 15/F. of Hollywood Court, 28 Hei Wo Street (formerly known as 2, 4, 6, & 8 Hei Wo Street), Hong Kong.] Mortgagee: Bank of China (Hong Kong) Ltd., Hong Kong. |
To secure all moneys in respect of general banking
facilities |
|
28-03-2006 |
Instrument: Second Legal Charge Property: 8/106th parts or shares of and in Inland Lot Nos. 7539, 7538, 7537 & 7536 [Flats A & B on 14/F. and Flats A & B on 15/F. of Hollywood Court, 28 Hei Wo Street (formerly known as 2, 4, 6, & 8 Hei Wo Street), Hong Kong.] Mortgagee: Bank of China (Hong Kong) Ltd., Hong Kong. |
To secure all moneys in respect of general banking
facilities granted to Tricell (H.K.) Ltd. |
|
28-03-2006 |
Instrument: Third Legal Charge Property: 8/106th parts or shares of and in Inland Lot Nos. 7539, 7538, 7537 & 7536 [Flats A & B on 14/F. and Flats A & B on 15/F. of Hollywood Court, 28 Hei Wo Street (formerly known as 2, 4, 6, & 8 Hei Wo Street), Hong Kong.] Mortgagee: Bank of China (Hong Kong) Ltd., Hong Kong. |
To secure all moneys in respect of general banking
facilities granted to Tri-Union (H.K.) Pulp & Paper Ltd. |
|
28-03-2006 |
Instrument: Mortgage Property: 70/515th parts or shares of and in The Remaining Portion of Section A of Inland Lot No. 2918, The Remaining Portion of Subsection 19 of Section A of Inland Lot No. 2918 and The Remaining Portion of Subsection 29 of Section A Inland Lot No. 2918 (Flats A on 14/F., 18/F., 19/F. & 20/F. and Flats B on 14/F., 16/F., 17/F., 18/F., 19/F. & 20/F. of Kenthill Mansion, 18 Marble Road, Hong Kong.) Mortgagee: Bank of China (Hong Kong) Ltd., Hong Kong. |
To secure all moneys in respect of general banking
facilities |
|
28-03-2006 |
Instrument: Second Legal Charge Property: 70/515th parts or shares of and in The Remaining Portion of Section A of Inland Lot No. 2918, The Remaining Portion of Subsection 19 of Section A of Inland Lot No. 2918 and The Remaining Portion of Subsection 29 of Section A Inland Lot No. 2918 (Flats A on 14/F., 18/F., 19/F. & 20/F. and Flats B on 14/F., 16/F., 17/F., 18/F., 19/F. & 20/F. of Kenthill Mansion, 18 Marble Road, Hong Kong.) Mortgagee: Bank of China (Hong Kong) Ltd., Hong Kong. |
To secure all moneys in respect of general banking
facilities granted to Tricell (H.K.) Ltd. |
|
28-03-2006 |
Instrument: Third Legal Charge Property: 70/515th parts or shares of and in The Remaining Portion of Section A of Inland Lot No. 2918, The Remaining Portion of Subsection 19 of Section A of Inland Lot No. 2918 and The Remaining Portion of Subsection 29 of Section A Inland Lot No. 2918 (Flats A on 14/F., 18/F., 19/F. & 20/F. and Flats B on 14/F., 16/F., 17/F., 18/F., 19/F. & 20/F. of Kenthill Mansion, 18 Marble Road, Hong Kong.) Mortgagee: Bank of China (Hong Kong) Ltd., Hong Kong. |
To secure all moneys in respect of general banking
facilities granted to Tri-Union (H.K.) Pulp & Paper Ltd. |
|
15-04-2008 |
Instrument: Deed of
Indemnity, Charge Over Deposit and Set-Off Property: By way
of Fixed Charge to the Bank all the Company’s estate, right, title, claim,
benefit and interest to and in the Deposit (No. 012-7504264-2) and all
interest from time to time payable thereon and together with all title deeds
or documents relating thereto Mortgagee: Bank of China
(Hong Kong) Ltd., Hong Kong. |
All moneys in respect of
general banking facilities of whatever nature & in whatever currency or
currencies to any extent Bank of China (Hong Kong) Ltd. shall think fit
granted or to be granted to the company on such terms, conditions, manner
& form and for so long as the Bank may at its sole discretion think fit
together with interest accrued thereon |
|
09-01-2009 |
Instrument: Deed of Indemnity, Charge Over
Deposit and Set-Off Property: By way of Fixed Charge to the Bank all the Company’s estate, right, title, claim, benefit and interest to and in the Deposit (Account No. 027-536-2-006284-1 and 027-536-9-308022-7) and all interest from time to time payable thereon and together with all title deeds and documents relating thereto Mortgagee: Bank of Communications Co. Ltd., Hong Kong Branch. |
All actions, suits, proceedings, claims, demands,
losses, damages, costs, fees, expenses and/or liabilities |
|
09-05-2011 |
Instrument: Security Deed Property: The Company, as beneficial owner, charges & agrees to charge and, to the extent permitted, assigns and agree to assign, to Bank of Communications Co. Ltd., Hong Kong Branch by way of first fixed security all rights, benefit and interests of the company under or in connection with the Transactions including all amounts of any nature payable to the company under or in connection with the transactions, as continuing security for the discharge of the Outstandings Mortgagee: Bank of Communications Co. Ltd., Hong Kong Branch. |
General banking facilities |
|
11-07-2011 |
Instrument: Deed of Indemnity, Charge Over
Deposit and Set-Off Property: By way of Fixed Charge to the Bank all the Company’s estate, right, title, claim, benefit and interest to and in the Deposit (No. 012-7504264-2) and all interest from time to time payable thereon and together with all title deeds or documents relating thereto Mortgagee: Bank of China (Hong Kong) Ltd., Hong Kong. |
All moneys in respect of
general banking facilities of whatever nature & in whatever currency or
currencies to any extent Bank of China (Hong Kong) Ltd. shall think fit
granted or to be granted to Tricell (H.K.) Ltd. on such terms, conditions,
manner & form and for so long as the Bank may at its sole discretion
think fit together with interest accrued thereon |
|
11-07-2011 |
Instrument: Deed of indemnity, Charge Over Deposits and Set-Off Property: By way of Fixed Charge to the Bank all the Company’s estate, right, title, claim, benefit and interest to and in the Deposit (No. 012-7504264-2) and all interest from time to time payable thereon and together with all title deeds or documents relating thereto Mortgagee: Bank of China (Hong Kong) Ltd., Hong Kong. |
All moneys in respect of
general banking facilities of whatever nature & in whatever currency or
currencies to any extent Bank of China (Hong Kong) Ltd. shall think fit
granted or to be granted toTri-Union (H.K.) Pulp & Paper Ltd. on such
terms, conditions, manner & form and for so long as the Bank may at its
sole discretion think fit together with interest accrued thereon |
|
10-05-2012 |
Instrument: Security Over Deposits with the Bank (Limited Company - Under
Seal) Property: A Deposit with chargee in the amount of US$2,000,000 - under Deposit A/C No. 808-850218 whatever currency it may subsequently be denominated in, any renewal of such deposit & the interest thereon together with any further monies in any deposit account with the chargee at any of its offices Mortgagee: The Hongkong & Shanghai Banking Corp. Ltd.,
Hong Kong. |
All monies in any currency owing by the company |
|
20-02-2013 |
Instrument: Trade Finance Security Agreement Property: For good & valuable consideration, receipt of which is acknowledged, the Borrower as beneficial owner and as continuing security for the payment of all secured liabilities:- A) Assigns and agrees to assign absolutely to the Bank all the presend and future rights, title, interests and benefits of the Borrower in and to the following assets:- 1) The Export Credits; 2) The Export Collection Bills; 3) The Sales Contracts; 4) The Invoice Receivables; 5) The Purchases Contracts; 6) The Insurances; 7) The Trade Documents; 8) The Bills of Exchange; 9) The Related Collaterals; & 10) All claims, remedies and proceeds in connection with any of the foregoing B) Charges and agrees to charge to the Bank by way of first fixed charge all the present and future rights, title, interest & benefits of the Borrower in and to the following assets:- 1) The Goods together with their proceeds; 2) The Deposit, and 3) To the extent any Security Asset is not effectively assigned under sub-clause such Security Asset C) Pledges and agrees to pledge to the Bank, the Bills of Exchange, the Pledges Goods & the Trade Documents which are now or may in the future be in actual or constructive possession of the Bank; and D) Charges and agrees to charge to the Bank by way of first floating charge all the present and future rights, title, interest & benefits of the Borrower in and to any Security Asset which is described in the above sub-clauses (a), (b) and (c). Mortgagee: The Hongkong & Shanghai Banking Corp. Ltd.,
Hong Kong. |
All monies, obligations & liabilities |
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.54.28 |
|
UK Pound |
1 |
Rs.82.06 |
|
Euro |
1 |
Rs.70.23 |
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.