|
Report Date : |
19.09.2013 |
IDENTIFICATION DETAILS
|
Name : |
MITSUI & CO. (HONG KONG)
LTD. |
|
|
|
|
Registered Office : |
25/F. & 26/F., Far East Finance Centre, 16 Harcourt Road |
|
|
|
|
Country : |
Hong Kong |
|
|
|
|
Date of Incorporation : |
26.03.1976 |
|
|
|
|
Com. Reg. No.: |
04673306 |
|
|
|
|
Legal Form : |
Public Limited Company |
|
|
|
|
Line of Business : |
Importer and Exporter; Commission Agent and Investment
Holding |
|
|
|
|
No. of Employees : |
130 |
RATING & COMMENTS
|
MIRA’s Rating : |
A |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
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 |
|
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 |
MITSUI
& CO. (HONG
KONG) LTD.
25/F. & 26/F.,
Far East Finance Centre, 16 Harcourt Road, Hong Kong.
PHONE: 852-2823 8777, 2823 8888
FAX: 852-2866 0477, 2861 3760
E-MAIL: hkgaa@hkg.xn.mitsui.co.jp
hisa.sato@xm.mitsui.co.jp
Managing
Director: Mr. Yuichi Nomura
Incorporated on: 26th March, 1976.
Organization: Public Limited Company.
Capital: Nominal: HK$200,000,000.00
Issued: HK$200,000,000.00
Business Category: General Trader.
Group Revenue: JPY 4,911.6 billion (Year ended 31-03-2013)
Employees: 130.
Main Dealing Bankers: The Hongkong & Shanghai Banking Corp. Ltd., Hong Kong.
The Bank of Tokyo-Mitsubishi Ltd., Hong Kong Branch.
Banking Relation: Excellent.
MITSUI
& CO. (HONG
KONG) LTD.
Registered
Head Office:-
25/F.
& 26/F., Far East Finance Centre, 16 Harcourt Road, Hong Kong.
China
Office:-
Room 8, 28/F.,
Shunhing Square Diwang Commercial Centre, 5002 Shennan Road, Luohu,
Shenzhen, Guangdong 518008, China.
[Tel: (86-755)
8246 1330; Fax: (86-755) 8246 1323]
Holding
Company:-
Mitsui & Co.
(Asia Pacific) Pte. Ltd., Singapore.
Ultimate
Holding Company:
Mitsui & Co.
Ltd., Japan.
Associated
Companies:-
Mitsui Group of Companies
AES Jordan Holdco Ltd., Cauman Islands.
AIM Services Co. Ltd., Japan.
Atlatec S.A. de C.V., Mexico.
BAF (Thailand) Co. Ltd., Thailand.
Bangkok Coil Center Co. Ltd., Thailand.
BHP Billiton Mitsui Coal Pty. Ltd., Australia.
Bussan Real Estate Co. Ltd., Japan.
CCTV Shopping Co. Ltd., China.
Champions Pipe & Supply Inc., US.
Cinco Pipe & Supply LLC, US.
Compania de Generacion Valladolid S. de R.L. de C.V., Mexico.
Daiichi Tanker Co. Ltd., Japan.
Daito Chemical Co. Ltd., Japan.
Drillship Investment B.V., The Netherlands.
Ellison Technologies Inc., US.
ENEOS Globe Corporation, Japan.
Euro-Mit Staal B.V., The Netherlands.
Galaxy Newspring Pte. Ltd., Singapore.
Game Change Holdings Inc., US.
GEG (Holdings) Ltd., UK.
Hydro Capital Corporation, US.
Inner Mongolia Erdos Electric Power & Metallurgical Co. Ltd., China.
Intercontinental Terminals Co. LLC., US.
IPM Eagle LLP, UK.
ITC Rubis Terminal Antwerp NV, Belgium.
JA Mitsui Leasing Ltd., Japan.
Japan Australia Lng (MIMI) Pty. Ltd., Australia.
Japan Collahuasi Resources B.V., The Netherlands.
Japan-Arabia Methanol Co. Ltd., Japan.
JM Energy Co. Ltd., Hong Kong.
Komatsu Marketing Support Australia Pty. Ltd., Australia.
Komatsu-Mitsui Maquinarias Peru S.A., Peru.
MBAPR Holdings Corp., Philippines.
MBK Healthcare Partners Ltd., UK.
MBK Real Estate Europe Ltd., UK.
MBK Real Estate LLC, US.
MicroBiopharm Japan Co. Ltd., Japan.
MIT Gas Mexico S. de R.L. de C.V., Mexico.
Mit Investment Manzanillo B.V., The Netherlands.
Mit Power Canada Lp Inc., Canada.
Mit Wind Power Inc., US.
Mitsiam International Ltd., Thailand.
Mitsui & Co. (Australia) Ltd., Australia.
Mitsui & Co. (Canada) Ltd., Canada.
Mitsui & Co. (China) Ltd., China.
Mitsui & Co. (Shanghai) Ltd., China.
Mitsui & Co. (Taiwan) Ltd., Taiwan.
Mitsui & Co. (Thailand) Ltd., Thailand.
Mitsui & Co. (U.S.A.) Inc., US.
Mitsui & Co. Benelux S.A./N.V., Belgium.
Mitsui & Co. Commodity Risk management Ltd., Japan.
Mitsui & Co. Deutschland GmbH, Germany.
Mitsui & Co. Energy Trading Singapore Pte. Ltd., Singapore.
Mitsui & Co. Europe PLC, UK.
Mitsui & Co. Financial Services (Asia) ltd., Singapore.
Mitsui & Co. Financial Services (Europe) Plc, UK.
Mitsui & Co. Financial Services (U.S.A.) Inc., US.
Mitsui & Co. Financial Services Ltd., Japan.
Mitsui & Co. Global Investment Ltd., Japan.
Mitsui & Co. Italia S.p.A., Italy.
Mitsui & Co. Korea Ltd., Korea.
Mitsui & Co. Lng Investment Ltd., UK.
Mitsui & Co. Middle East Ltd., UAE.
Mitsui & Co. Plant Systems Ltd., Japan.
Mitsui & Co. Plastics Ltd., Japan.
Mitsui & Co. Steel Ltd., Japan.
Mitsui & Co. Texas Chlor-Alkali Inc., US.
Mitsui & Co. (Brasil) S.A., Brazil.
Mitsui AgriScience International SA/NV., Belgium.
Mitsui Alimentos Ltda., Brazil.
Mitsui Auto Finance Chile Ltda., Chile.
Mitsui Automotive CIS Investment B.V., The Netherlands.
Mitsui Automotriz S.A., Peru.
Mitsui Bussan Aerospace Co. Ltd., Japan.
Mitsui Bussan Agro Business Co. Ltd., Japan.
Mitsui Bussan Automotive (Thailand) Co. Ltd., Thailand.
Mitsui Bussan Business Partners Co. Ltd., Japan.
Mitsui Bussan Chemicals Co. Ltd., Japan.
Mitsui Bussan Copper Investment & Co. Ltd., Japan.
Mitsui Bussan Fertilizer Resources B.V., The Netherlands.
Mitsui Bussan Financial Management Ltd., Japan.
Mitsui Bussan Frontier Co. Ltd., Japan.
Mitsui Bussan Inter-Fashion Ltd., Japan.
Mitsui Bussan Metals Co. Ltd., Japan.
Mitsui Bussan Trade Services Ltd., Japan.
Mitsui Bussan Woodchip Oceania Pty. Ltd., Australia.
Mitsui Coal Holdings Pty. Ltd., Australia.
Mitsui E&P Australia Pty. Ltd., Australia.
Mitsui E&P Middle East B.V., The Netherlands.
Mitsui E&P Mozambique Area 1 Ltd., UK.
Mitsui E&P Texas LP, US.
Mitsui E&P UK Ltd., UK.
Mitsui E&P USA LLC, US.
Mitsui Electronics Inc., Japan.
Mitsui Foods Co. Ltd., Japan.
Mitsui Foods Inc., US.
Mitsui Gas Development Qatar B.V., The Netherlands.
Mitsui Gas Energia Do Brasil Ltda., Brazil.
Mitsui Iron One Development Pty. Ltd., Australia.
Mitsui Knowledge Industry Co. Ltd., Japan.
Mitsui Logistics Solutions Co. Ltd., Japan.
Mitsui Norin Co. Ltd., Japan.
Mitsui Oil Co. Ltd., Japan.
Mitsui Oil Exploration Co. Ltd., Japan.
Mitsui Rail Capital Europe B.V., The Netherlands.
Mitsui Rail Capital Holdings Ltd., US.
Mitsui Rail Capital Participacoes Ltda., Brazil.
Mitsui Raw Materials Development Pty. Ltd., Australia.
Mitsui Renewable Energy Europe Ltd., UK.
Mitsui Sakhalin Holdings B.V., The Netherlands.
Mitsui Water Holdings (Thailand) Ltd., Thailand.
Mitsuibussan Insurance Co. Ltd., Japan.
Mitsui-Itochu Iron Pty. Ltd., Australia.
Mitsui Sugar Co. Ltd., Japan.
Moshi Moshi Hotline Inc., Japan.
MT Falcon Holdings Co. S.A.P.I. de C.V., Mexico.
Multigrain AG, Switzerland.
Nippon Amazon Aluminium Co. Ltd., Japan.
Nippon Formula Feed Manufacturing Co. Ltd., Japan.
Nippon Steel Trading Co. Ltd., Japan.
Novus International Inc., US.
OMC Shipping Pte. Ltd., Singapore.
Orient Marine Co. Ltd., Japan.
Oriente Copper Netherlands B.V., The Netherlands.
P.T. Kaltim Pasifik Amoniak, Indonesia.
P.T. Paiton Energy, Indonesia.
Penske Automotive Group Inc., US.
Plalloy MTD B.V., The Netherlands.
Portek International Private Ltd., Singapore.
Prifoods Co. Ltd., Japan.
PT. Bussan Auto Finance, Indonesia.
PT. Yamaha Indonesia Motor Manufacturing, Indonesia.
QVC Japan Inc., Japan.
Regency Steel Asia Pte Ltd., Singapore.
Retail System Service Co. Ltd., Japan.
Road Machinery LLC, US.
San-ei Sucrochemical Co. Ltd., Japan.
Shanghai Bao-Mit Steel Distribution Co. Ltd., China.
Shark Bay Salt Pty. Ltd., Australia.
ShopNet Co. Ltd., British Virgin Islands.
Sumic Nickel Netherlands B.V., The Netherlands.
Sumisho & Mitsuibussan Kenzai Co. Ltd., Japan.
The Kumphawapi Sugar Co. Ltd., Thailand.
Toho Bussan kaisha Ltd., Japan.
Toyo Engineering Corporation, Japan.
Toyota Canada Inc., Canada.
Toyota Chile S.A., Chile.
TPV Technology Ltd., Bermuda.
Transfreight LLC, US.
Tri-Net (Japan) Inc., Japan.
Trinet Logistics Co. Ltd., Japan.
United Grain Corporation of Oregon, US.
Valepar S.A., Brazil.
Veloce Logistica SA, Brazil.
Vendor Service Co. Ltd., Japan.
Westport Petroleum Inc., US.
Wilsey Foods Inc., US.
04673306
0046776
Managing
Director: Mr. Yuichi Nomura
Nominal Share Capital: HK$200,000,000.00 (Divided into 200,000,000 shares of HK$1.00 each)
Issued Share Capital: HK$200,000,000.00
(As per registry dated 26-03-2013)
|
Name |
|
No.
of shares |
|
Mitsui & Co. (Asia Pacific) Pte. Ltd. 16 Raffles Quay
#29-00, Hong Leong Building, Singapore 048581 |
|
200,000,000 ========= |
(As per registry dated 18-06-2013)
|
Name (Nationality) |
Address |
|
Mitsuru TSUBOI |
Room 2710, 27/F., Hampton Court, Gateway
Apartment, Harbour City, Kowloon, Hong Kong. |
|
Motoo ONO |
40/F. - 41/F., Shanghai World Financial Center,
No. 100 Century Avenue, Pudong New Area, Shanghai, China. |
|
Shinjiro SAWADA |
8/F., China World Tower, 1 Jianguomenwai
Avenue, Beijing 100004, China. |
|
Yuichi NOMURA |
B3 5/6F, Altadena House Penthouse, 27
Barker Road, Hong Kong. |
|
Meguru NISHIMURA |
34/F., CWTC Tower 1, No. 1 Jianguomenwai
Avenue, Beijing, China. |
|
Tatsunori MUROYA |
Suite 3502, 35/F., Sutton Court, Gateway
Apartments, Harbour City, Kowloon, Hong Kong. |
Tatsunori MUROYA (As per
registry dated 26-03-2013)
The
subject was incorporated on 26th March, 1976 as a public limited liability
company with shares un-quoted on local stock exchange under the Hong Kong
Companies Ordinance.
Apart
from these, neither material change nor amendment has been ever traced and
noted.
Activities: Importer and Exporter; Commission Agent and Investment Holding.
Lines: Plastic, chemical, produce, provision, foodstuff, metal, machinery, textile, lumber, construction material and general merchandise.
Employees: 130.
Commodities Imported:-
Sewing machine – Japan.
Tyres – Japan.
Fabric – Japan.
Iron steel – Japan.
Crude oil – South Arabia, India and China.
Chemical – Japan and U.S.A.
Fruits – U.S.A. and Philippines.
Markets: Worldwide.
Group Revenue: JPY 5,535.2 billion (Year ended 31-03-2009)
JPY 4,096.4 billion (Year ended 31-03-2010)
JPY 4,679.4 billion (Year ended 31-03-2011)
JPY 5,251.6 billion (Year ended 31-03-2012)
JPY 4,911.6 billion (Year ended 31-03-2013)
Terms/Sales: Various terms.
Terms/Buying: As per contracted.
MAIN JAPANESE SUPPLIERS:
Bridgestone Corporation, Japan.
Brother Industries Ltd., Japan.
Mitsui & Co. Ltd., Japan.
MEMBERSHIP: The Hong Kong General Chamber of Commerce, Hong
Kong.
[Membership No. HKM0151]
FINANCIAL INFORMATION:
Nominal Share Capital: HK$200,000,000.00 (Divided into 200,000,000 shares of HK$1.00 each)
Issued Share Capital: HK$200,000,000.00
Net Income Attributable to Mitsui & Co. Ltd.:-
JPY 177.6 billion (Year ended 31-03-2009)
JPY 149.7 billion (Year ended 31-03-2010)
JPY 306.7 billion (Year ended 31-03-2011)
JPY 434.5 billion (Year ended 31-03-2012)
JPY 307.9 billion (Year ended 31-03-2013)
Profit or Loss: Group business is profitable.
Condition: Business remains active and good.
Facilities: Sufficient for its current running.
Payment: Reliable.
Commercial Morality: Very Good.
Bankers:-
The Hongkong & Shanghai Banking Corp. Ltd., Hong Kong.
The Bank of Tokyo-Mitsubishi UFJ Ltd., Hong Kong Branch.
Bangkok Bank Public Co. Ltd., Hong Kong Branch.
Bank of America, N.A., Hong Kong Branch.
Citibank N.A., Hong Kong Branch.
DBS Bank (Hong Kong) Ltd., Hong Kong.
Hang Seng Bank Ltd., Hong Kong.
Mizuho Bank Ltd., Hong Kong Branch.
Shanghai Commercial Bank Ltd., Hong Kong.
Standard Chartered Bank (HK) Ltd., Hong Kong.
Sumitomo Mitsui Banking Corporation, Hong Kong Branch.
The Bank of East Asia Ltd., Hong Kong.
UFJ Bank Ltd., Hong Kong Branch.
Wing Hang Bank Ltd., Hong Kong.
Wing Lung Bank Ltd., Hong Kong.
Banking:-
One source reports they have maintained a properly conducted current account with them since 9th April, 1976. General banking facilities granted to them are moderately utilized. They handle their large amounts of import bills against L/C. Payments are made promptly.
Another source reveals subject maintain a current account opened with them in April 1976. It has been a valued customer of their bank. Their experienced including the financing of a substantial volume of their import and export bills has been pleasant.
Third source states they maintain an active and well conducted current account opened in their books on 6th April, 1976 and on which they grant facilities against security. They handle their import bills under documentary credits. They negotiate their export bills both under and not under documentary credits.
Fourth source says banking facilities have been extended on unsecured basis.
Fifth source informs subject has maintained a well conducted current account with them since 1st April, 1976. They have handled their import and export bills with satisfactory results. Overdraft facilities granted to them has been used satisfactorily.
Standing: Sound.
Mitsui
& Co. (Hong Kong) Ltd. [Mitsui HK] was incorporated in Hong Kong in March
1976 as a wholly-owned subsidiary of Mitsui & Co. (Asia Pacific) Pte. Ltd.
which is a Singapore-based firm.
The
ultimate holding company of Mitsui HK is Mitsui & Co. Ltd. [Mitsui]. It is a publicly listed company in Japan.
The
history of the Mitsui Group is a fascinating saga extending back well over
three centuries to 1673 in Japan, founded by Mr. Takatoshi Mitsui. In the early 17th century, Mitsui became
merchants. In 1876, Mitsui & Co. was
established, partly to handle the expanding trade with foreign countries. In the early 1900’s, Mitsui became a major
commercial enterprise both in Japan and overseas. Today, the Mitsui Group is made up of a large
number of Japan’s leading companies and its activities cover an extremely
diversified range.
In
the 21st century, the Mitsui Group is playing a leading role in many vital
areas from environmental protection, industrial development, fine chemicals,
computer science, space development and telecommunications to the basic
necessities such as food, clothing and housing, always striving to improve the
living standards of the global community.
Mitsui
HK is a leading Japanese firm in Hong Kong enjoying very considerable
turnover. Its business activities cover
exports, imports, offshore, and domestic businesses and investments, handling
iron and steel, metal raw materials, chemical products, machinery, foods,
general merchandise, property and housing business development, electronics and
information and textile.
Presently,
Mitsui HK has the following divisions in operations:-
·
Accounting Division;
·
Development & Construction
Division;
·
Finance Division;
·
First Chemical Division;
·
General Affairs Division;
·
General Merchandise Division;
·
Iron & Steel Division;
·
Lumber Division;
·
Machinery Division;
·
Metal Raw Materials Division;
·
Personnel Division;
·
Produce & Provisions Division;
·
Second Chemical Division;
·
Textiles Division; &
·
Transportation Logistics Division.
Mitsui
has a very wide scope of business, with more than 150 offices in 67 countries
and regions.
At
present, the operations of Mitsui in China are comprised of four separate
units: (1) Beijing Unit, which centres on Mitsui & Co. (China) Ltd., a 100%
owned subsidiary of Mitsui & Co., Ltd. in Japan; (2) Shanghai Unit, which
centres on Mitsui & Co. (Shanghai) Ltd.; (3) Guangzhou Unit, which centres
on Mitsui & Co. (Guangdong) Ltd.; and (4) Hong Kong Unit, which centres on
Mitsui HK.
In
addition, each Unit is responsible for all trading subsidiaries, branches,
offices, etc. in the region over which it has control. The operations of these four units are
managed collectively as the “China Block.”
The China Block of Mitsui & Co. is pursuing not only business
between China and Japan, but also creating global business originating in China
in collaboration with Mitsui’s more than 150 operating bases around the globe,
as well as multilaterally developing business by leveraging Mitsui’s integrated
strengths.
Mitsui
has the following six divisions:-
·
Chemicals;
·
Energy;
·
Innovation & Corporate
Development;
·
Lifestyle;
·
Machinery & Infrastructure;
&
·
Metals.
Mitsui
is utilizing its global operating locations, network and information
resources. It is multilaterally pursuing
business that ranges from product sales, worldwide logistics and financing,
through to the development of major international infrastructure and other
projects in the following fields: Iron & Steel Products, Mineral &
Metal Resources, Infrastructure Projects, Integrated Transportation Systems,
Chemicals, Energy, Food Resources, Food Products & Services, Consumer
Services, Innovation & Corporate Development Business.
As
of 31st March, 2013, the followings are the highlights of Mitsui:-
1. Total
number of shares authorized to be issued by Mitsui: 2,500,000,000 shares
2. Common
Stock Issued: 1,829,153,527 shares (including 3,713,589 treasury shares)
3. Number
of Shareholders: 228,835 shareholders
4. Major
Shareholders: The Master Trust Bank of Japan, Ltd. (Trust account) / Japan
Trustee Services Bank, Ltd. (Trust account) / SSBT OD05 Omnibus Account (Treaty
Clients) / Sumitomo Mitsui Banking Corporation / Japan Trustee Services Bank,
Ltd. (Trust account 9) / Nippon Life Insurance Company / The Chase Manhattan
Bank, N.A. London Secs Lending Omnibus Account
For
the year ended 31st March, 2013, Mitsui’s total revenue and net income were JPY
4,911.6 billion (2012: JPY 5,251.6 billion) and JPY 307.9 billion (2012: JPY
434.5 billion) respectively.
Mitsui
had 45,148 employees as at end of 31st March, 2013.
Mitsui
HK is fully supported by Mitsui.
On
the whole, in view of the parentage and background of Mitsui HK, consider it
good for normal business engagements.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.63.14 |
|
|
1 |
Rs.100.48 |
|
Euro |
1 |
Rs.84.36 |
INFORMATION DETAILS
|
Report Prepared
by : |
PDT |
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.