|
Report Date : |
09.05.2013 |
IDENTIFICATION DETAILS
|
Name : |
Evonik Hong Kong Ltd. |
|
|
|
|
Registered Office : |
Unit A, 13/F., @Convoy, 169 Electric Road, North Point |
|
|
|
|
Country : |
Hong Kong |
|
|
|
|
Date of Incorporation : |
22.01.1974 |
|
|
|
|
Com. Reg. No.: |
04058845 |
|
|
|
|
Legal Form : |
Private Limited Company |
|
|
|
|
Line of Business : |
Importer and Exporter of Precious metals, electroplating equipment, processes and chemicals of paint, rubber and textiles industries. |
|
|
|
|
No. of Employees : |
14 |
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
EVONIK
HONG KONG LTD.
ADDRESS: Unit A, 13/F., @Convoy, 169
Electric Road, North Point, Hong Kong.
PHONE: 2249 6100
FAX: 2249 6132, 2730 2861
E-MAIL: winnie.chu@degussa.com
Managing
Director: Mr. Hans Josef Ritzert
Incorporated on: 22nd January, 1974.
Organization: Private Limited Company.
Capital: Nominal:HK$1,000,000.00
Issued: HK$1,000,000.00
Business Category: Importer and Exporter; Marketing Office.
Group Sales: €13,629 million (Year ended 31-12-2012)
Group Employees: 33,298. (As at 31-12-2012)
Employees: 14.
Main Dealing Banker: Deutsche Bank AG, Hong Kong Branch.
Banking Relation: Good.
Registered Head Office:-
Unit A, 13/F.,
@Convoy, 169 Electric Road, North Point, Hong Kong.
G.P.O. Box 10005,
Hong Kong.
Holding Company:-
Evonik
International Holding B.V., The Netherlands.
Ultimate Holding Company:-
Evonik Industries
AG, Germany.
Associated/Affiliated Companies:-
Evonik Group of
Companies
Aachener Bergmannssiedlungsgesellschaft
mbH, Germany.
AQura GmbH,
Germany.
ARG mbH & Co.
KG, Germany.
Bauverein Glückauf
GmbH, Germany.
BHS Liegenschaften
GmbH & Co. KG, Germany.
BHS Liegenschaften
Verwaltungs-GmbH, Germany.
BHS
Projektenwicklungs-GmbH & Co. KG, Germany.
BK-Wolfgang-Wärme
GmbH, Germany.
Cosmoferm B.V.,
Netherlands.
CyPlus GmbH,
Germany.
Daicel-Evonik
Ltd., Japan.
Degussa Africa
Holdings (Pty) Ltd., Africa.
Degussa
International Inc., USA.
Degussa Ltd., UK.
Degussa SKW Co.,
UK.
Deutsche
Industrieholz GmbH, Germany.
DSL.Japan Co.
Ltd., Japan.
EBV GmbH, Germany.
Egesil Kimya
Sanayi ve Ticaret A.S., Turkey.
EGL Ltd., UK.
Evonik (SEA) Pte.
Ltd., Singapore.
Evonik (Thailand)
Ltd., Thailand.
Evonik Acrylics
Africa (Pty) Ltd., Africa.
Evonik Aerosil France
S.A.R.L., France.
Evonik Agroferm
Zrt., Hungary.
Evonik
Amalgamation Ltd., UK.
Evonik Australia
Pty Ltd., Australia.
Evonik
Beteiligungs-GmbH, Germany.
Evonik Canada
Inc., Canada.
Evonik Carbon
Black Nederland B.V., Netherlands.
Evonik CB LLC,
USA.
Evonik Chempower
GmbH, Germany.
Evonik Cristal
Materials Corporation, Taiwan.
Evonik Cyro Canada
Inc., Canada.
Evonik Cyro LLC,
USA.
Evonik Dahlenburg
GmbH, Germany.
Evonik Degussa
(China) Co. Ltd., China.
Evonik Degussa
Africa (Pty) Ltd., Africa.
Evonik Degussa
Antwerpen N.V., Belgium.
Evonik Degussa
Argentina S.A., Argentina.
Evonik Degussa
Brasil Ltda., Brazil.
Evonik Degussa
Canada ULC, Canada.
Evonik Degussa
Carbons Inc., USA.
Evonik Degussa
Chile S.A., Chile.
Evonik Degussa
Corporation, USA.
Evonik Degussa
France Groupe S.A.S., France.
Evonik Degussa
GmbH, Germany.
Evonik Degussa
Ibérica S.A., Spain.
Evonik Degussa
Immobilien GmbH & Co. KG, Germany.
Evonik Degussa
Immobilien Verwaltungs-GmbH, Germany.
Evonik Degussa
India Pvt. Ltd., India.
Evonik Degussa
International AG, Switzerland.
Evonik Degussa
Iran AG, Iran.
Evonik Degussa
Italia S.p.A., Italy.
Evonik Degussa
Japan Co. Ltd., Japan.
Evonik Degussa
Korea Ltd., Korea.
Evonik Degussa
Mexico S.A. de C.V., Mexico.
Evonik Degussa
Mexico Servicios, S.A. de C.V., Mexico.
Evonik Degussa
Peroxid GmbH, Austria.
Evonik Degussa
Services LLC, USA.
Evonik Degussa
Speciality Chemicals (Shanghai) Co. Ltd., China.
Evonik Degussa
Taiwan Ltd., Taiwan.
Evonik Degussa
Ticaret Ltd., Turkey.
Evonik Degussa UK
Holdings Ltd., UK.
Evonik Dutch
Holding B.V., Netherlands.
Evonik Fermas
s.r.o., Slovakia.
Evonik Fibres
GmbH, Austria.
Evonik Finance
B.V., Netherlands.
Evonik Foams Inc.,
USA.
Evonik Forhouse
Optical Polymers Corporation, Taiwan.
Evonik Goldschmidt
Corporation, USA.
Evonik Goldschmidt
GmbH, Germany.
Evonik Goldschmidt
Rewo GmbH, Germany.
Evonik
Goldsschmidt UK Ltd., UK.
Evonik Gorapur
GmbH, Germany.
Evonik Gulf FZE,
UAE.
Evonik Hanse GmbH,
Germany.
Evonik Headwaters
LLP, UK.
Evonik IP GmbH,
Germany.
Evonik Jayhawk
Fine Chemicals Corporation, USA.
Evonik Lanxing
(Rizhao) Chemical Industrial Co. Ltd., China.
Evonik Litarion
GmbH, Germany.
Evonik Malaysia
Sdn. Bhd., Malaysia.
Evonik MedAvox
SpA, Italy.
Evonik Membrane
Extraction Technology Ltd., UK.
Evonik Methionine
SEA Pte. Ltd., Singapore.
Evonik Metilatos
S.A., Argentina.
Evonik Mexico S.A.
de C.V., Mexico.
Evonik Monosilane
Japan Co. Ltd., Japan.
Evonik Oil
Additives Asia Pacific Pte. Ltd., Singapore.
Evonik Oil
Additives Canada Inc., Canada.
Evonik Oil
Additives GmbH, Germany.
Evonik Oil
Additives S.A.S., France.
Evonik Oil
Additives USA Inc., USA.
Evonik Oxeno
Antwerpen N.V., Belgium.
Evonik Oxeno GmbH,
Germany.
Evonik Para-Chemie
GmbH, Austria.
Evonik Pension
Scheme Trustee Ltd., UK.
Evonik Peroxide
Africa (Pty) Ltd., Africa.
Evonik Peroxide
B.V., Netherlands.
Evonik Peroxide
Holding B.V., Netherlands.
Evonik Peroxide
Ltd., New Zealand.
Evonik Peroxygens
GmbH, Germany.
Evonik Peroxygens
Holding GmbH, Germany.
Evonik Polymer Technologies
GmbH, Germany.
Evonik
Projekt-Beteiligung Verwaltungs-GmbH, Germany.
Evonik
Projekt-Beteiligungs-GmbH & Co. KG, Germany.
Evonik Re S.A.,
Luxembourg.
Evonik Rexim
(Nanning) Pharmaceutical Co. Ltd., China.
Evonik Rexim
S.A.S., France.
Evonik Risk and
Insurance Services GmbH, Germany.
Evonik Röhm GmbH,
Germany.
Evonik Services
GmbH, Germany.
Evonik Silquimica
S.A., Spain.
Evonik Solar Norge
AS, Norway.
Evonik Speciality
Organics Ltd., UK.
Evonik Specialty
Chemicals (Chongqing) Co. Ltd., China.
Evonik Specialty
Chemicals (Jilin) Co. Ltd., China.
Evonik Stockhausen
LLC, USA.
Evonik
Technochemie GmbH, Germany.
Evonik Tego Chemie
GmbH, Germany.
Evonik Thai
Aerosil Co. Ltd., Thailand.
Evonik Tianda
(Liaoyang) Chemical Additive Co. Ltd., China.
Evonik Treibacher
GmbH, Austria.
Evonik Trustee
Ltd., UK.
Evonik United
Silica (Siam) Ltd., Thailand.
Evonik United
Silica Industrial Ltd., Taiwan.
Evonik Wellink
Silica (Nanping) Co. Ltd., China.
Evonik Wohnen
GmbH, Germany.
Goldschmidt ETB
GmbH, Germany.
Goldschmidt SKW
Surfactants GmbH, Germany.
HD Ceracat GmbH,
Germany.
Heinrich
Schäfermeyer GmbH, Germany.
Hüls Service GmbH,
Germany.
HVG
Grünflächenmanagement GmbH, Germany.
Industriepark
Wolfgang GmbH, Germany.
Infracor GmbH,
Germany.
Infracor Lager-
und Speditions-GmbH, Germany.
Insilco Ltd.,
India.
JIDA Evonik High
Performance Polymers (Changchun) Co. Ltd., China.
jSSi GmbH,
Germany.
KMV
Vermögensverwaltungs-GmbH, Germany.
Laporte Industries
Ltd., UK.
Laporte Nederland
(Holding) B.V., Netherlands.
Laporte
Organisation Ltd., UK.
Li-Tec Battery
GmbH, Germany.
Lünener Wohnungs-
und Siedlungsgesellschaft mbH, Germany.
Mönch-Kunststofftechnik
GmbH, Germany.
Nilok Chemicals
Inc., USA.
Nippon Aerosil Co.
Ltd., Japan.
OOO Destek,
Russian Federation.
OOO Evonik Chimia,
Russian Federation.
Perorsa-Peróxidos
Orgánicos S.A., Spain.
PT.Evonik
Indonesia, Indonesia.
PT.Evonik Sumi
Asih, Indonesia.
Qingdao Evonik
Chemical Co. Ltd., China.
R & B
Industrieanlagenverwertung GmbH, Germany.
RAG Verkauf GmbH,
Germany.
RBV Verwaltungs-GmbH,
Germany.
RCIV
Vermögensverwaltungs-GmbH, Germany.
Rhein Lippe Wohnen
GmbH, Germany.
RHZ
Handwerks-Zentrum GmbH, Germany.
RIAG
Immobilienverwaltung GmbH, Germany.
Roha B.V.,
Netherlands.
Rusferm Ltd.,
Cyprus.
RÜTGERS
Dienstleistungs-GmbH, Germany.
RÜTGERS GmbH,
Germany.
RÜTGERS Organics
Corporation, USA.
RÜTGERS Rail
Verwaltungs GmbH, Germany.
Saudi Acrylic
Polymers Co. Ltd., Saudi Arabia.
Siedlung
Niederrhein GmbH, Germany.
SKC Evonik
Peroxide Korea Co. Ltd., Korea.
STEAG GmbH,
Germany.
Stockausen
Nederland B.V., Netherlands.
Stockhausen
Unterstützung-Einrichtungs GmbH, Germany.
StoHaas Management
GmbH, Germany.
StoHaas Monomer
GmbH Co. & KG, Germany.
Th.
Goldschmidt-Fürsorge GmbH, Germany.
The St.Bernard
Insurance Co. Ltd., Isle of Man.
THS GmbH, Germany.
TÜV NORD InfraChem
GmbH & Co. KG, Germany.
TÜV NORD InfraChem
Verwaltungsgesellschaft mbH, Germany.
Vivawest
Beteiligungen GmbH & Co. KG, Germany.
Vivawest GmbH,
Germany.
Vivawest Wohnen
GmbH, Germany.
Walsum Immobilien
GmbH, Germany.
Westgas GmbH,
Germany.
Wohnbau Auguste
Victoria GmbH, Germany.
Wohnbau Westfalen
GmbH, Germany.
Wohnungsbaugesellschaft
mbH, Germany.
etc.
04058845
0037006
Managing
Director: Mr. Hans Josef Ritzert
Contact
Person: Ms. Winnie Chu
Nominal Share
Capital: HK$1,000,000.00 (Divided into 10,000 shares of HK$100.00 each)
Issued Share
Capital: HK$1,000,000.00
(As per registry dated 22-01-2013)
|
Name |
|
No. of shares |
|
Evonik International Holding B.V. Hettenheuvelweg 37/39, 1101BM, Amsterdam Zuidoost, The Netherlands. |
|
10,000 ===== |
(As per registry dated 01-03-2013)
|
Name (Nationality) |
Address |
|
Norbert MAY |
Room 3202, Belgravkia Place at Hua Shan Park, No. 139 Xing Fu Road, Xin Hua Lu Zone, Changning District, Shanghai, China. |
|
Hans Josef RITZERT |
Eschenstrasse 19, D-63505 Langenselbold, Germany. |
|
Gerard J. R. BEROTE |
9F, No. 133, Min Sheng East Road, Section 3, Taipei, Taiwan. |
(As per registry dated 22-01-2013)
|
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 22nd January, 1974 as a private limited liability company under the Hong Kong Companies Ordinance.
Originally the subject was registered under the name of Degussa China Ltd., name changed to Degussa - Huls China Ltd. on 19th May, 1999; changed back to Degussa China Ltd. on 11th May, 2001; to Degussa Hong Kong Ltd. on 9th October, 2002; to Evonik Degussa Hong Kong Ltd. on 14th December, 2007, and further to the present style on 2nd May, 2013.
Formerly the subject was located at Unit A, 13/F., Manulife Tower, 169 Electric Road, North Point, Hong Kong. Manulife Tower changed name to @Convoy in February 2013.
Apart from these, neither material change nor amendment has been ever traced and noted.
Activities: Importer and Exporter; Marketing Office.
Lines: Precious metals, electroplating equipment, processes and chemicals of paint, rubber and textiles industries.
Agents for:-
|
Brand |
Product |
Country of Origin |
|
DEGUSSA |
Gold plating salt, palladium plating salt, rhodium plating salt, silver plating salt, PTH PCB plating chemicals, silver passivation chemicals, rust preventives, PCB through hole plating line, sand blasting machines and brazing alloys |
Germany |
|
DEMETROM |
Adhesives |
Germany |
|
ELGA |
Gas welding equipment |
Germany |
|
MAHLER |
Melting furnaces |
Germany |
|
MICROPLATE |
PCB through hole plating line |
USA |
|
SCHUNK |
Bearings/bushings |
Germany |
|
SENSYCON |
Pneumatic parts and components |
Germany |
Group Employees: 33,298. (As at 31-12-2012)
Employees: 14.
Commodities Imported: Imported from Germany, US and Europe.
Markets: Hong Kong, China, Taiwan, other Asian countries, etc.
Group Sales:-
|
Period |
Whole Group |
|
Year ended 31-12-2008 |
€15,873 million |
|
Year ended 31-12-2009 |
€10,518 million |
|
Year ended 31-12-2010 |
€13,300 million |
|
Year ended 31-12-2011 |
€14,540 million |
|
Year ended 31-12-2012 |
€13,629 million |
Terms/Sales: L/C or as per contracted.
Terms/Buying: L/C, T/T, D/P, etc.
GOVERNMENT CONTRACTS AWARDED SINCE 1990:
|
Date |
GN No. |
Particulars |
Amount |
|
29-11-1991 |
GN4308 |
Supply of Porcelain Gold for Ceramic Bonding to Dental
Unit |
HK$266,595 |
|
31-12-1993 |
GN4838 |
Supply of Porcelain Gold for Ceramic Bonding |
HK$223,000 |
German Industry
& Commerce Ltd., Hong Kong.
Nominal Share Capital: HK$1,000,000.00 (Divided into 10,000 shares of HK$100.00 each)
Issued Share Capital: HK$1,000,000.00
Alternation of Capital:-
|
22-01-1974 |
paid up |
HK$ 200.00 |
|
30-09-1974 |
paid up |
HK$ 153,800.00 |
|
25-04-1975 |
paid up |
HK$ 146,000.00 |
|
25-09-1975 |
paid up |
HK$ 30,000.00 |
|
03-03-1975 |
paid up |
HK$ 170,000.00 |
|
23-12-1980 |
paid up |
HK$ 500,000.00 |
|
|
|
––––––––––––––– |
|
Total: |
paid up |
HK$ 1,000,000.00 ============== |
Group Net Income: € 281 million (Year ended 31-12-2008)
€ 240 million (Year ended 31-12-2009)
€ 734 million (Year ended 31-12-2010)
€1,011 million (Year ended 31-12-2011)
€1,164 million (Year ended 31-12-2012)
Profit or Loss: Business is profitable.
Condition: Keeping in an active and good state.
Facilities: Supported by its parent company.
Payment: So far so good.
Commercial Morality: Good.
Banker: Deutsche Bank AG, Hong Kong Branch.
Standing: Good.
Evonik Hong Kong Ltd. is a wholly-owned subsidiary of Evonik International Holding B.V., a Holland-based firm. The subject’s ultimate holding company Evonik Industries AG [Evonik] is a Germany-based firm.
The managing director of the subject Mr. Hans Josef Ritzert is a Germany passport holder who is currently residing in Germany. He is also the President of Evonik Group in the Greater China Region.
The subject is engaged in the same lines of business as its parent. It was set up as sales company for the Asia Pacific region. The subject is the supporting office in marketing and offering customers with services for Evonik’s products.
Evonik holds top positions in the Chemicals, Energy and Real Estate Business Areas.
Evonik regards Greater China as one of the driving forces of the global economy and it consequently is able to grow its business in the region. Evonik has started a number of cross business unit projects for some key industries such as automotive, construction, electronics and lighting, etc. Several strategic investment projects are also under way in the region to ensure that the growth trajectory continues in the long term. Besides the investment into production facilities, Evonik also wants to strengthen its R&D efforts in the Greater China region by boosting local innovation.
Evonik has been producing specialty chemical products in the Greater China region (Mainland China, Hong Kong and Taiwan) since the late 1970’s; with wide-ranging trading relations already in place prior to this in the region. The company now has around 3,500 employees in the Greater China region, the regional sales reached over €1 billion in 2012.
Evonik started its business in China in as early as the 1930’s by opening a representative office in Shanghai. Evonik now has a total of 20 companies and 16 production sites in the region.
The
followings are the development of Evonik in China:-
·
At Evonik’s multi-user site (MUSC)
in Shanghai Chemical Industry Park (SCIP), it operates the integrated Methyl
Methacrylate production facility. It has
started up successfully in the end of 2009.
With a total investment of more than €200 million, this is currently
Evonik’s largest single investment in China.
·
At MUSC, the new organics
production facility is scheduled to come on stream before the end of 2013. It produces organic specialty surfactants for
the personal care, household care and industrial specialties industry.
·
The isophorone production facility
is under construction at MUSC. With the
investment over €100 million, this facility is an expansion of global
production network. It will start up in
2014.
·
In addition, Evonik’s new
production plant for hydrogen peroxide (H2O2) is under
construction at Jilin Chemical Industrial Park.
With an investment of more than €100 million, it is Evonik’s largest H2O2
production in the world. It will start
up around the end of 2013 or 2014.
As a specialty chemicals producer, the Group centres on innovation and proximity to customers in the Greater China region as elsewhere. The centrepiece is our research and development (R&D) centre in Shanghai, it serves as the innovation platform for Evonik in Asia. The new expansion is on-going with an investment of €23 million and will add a new R&D building of 13,000 sq.m. by 2013.
The Evonik Group employs around 4,255 employees in the Asia Pacific Region and they generated consolidated sales of 18% in 2012.
For the year ended 31st December, 2012, the sales of the Group amounted to €13,629 million (2011: €14,540 million); net income for the year was €1,164 million (2011: €1,011 million). Its net income increased in 2012 but its sales decreased in the year.
The subject is fully supported by the Evonik Group.
On the whole, consider the subject good for normal business engagements.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.54.16 |
|
|
1 |
Rs.83.88 |
|
Euro |
1 |
Rs.70.99 |
INFORMATION DETAILS
|
Report
Prepared by : |
NIT |
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.