|
Report Date : |
12.08.2014 |
IDENTIFICATION DETAILS
|
Name : |
KOREA ZINC COMPANY, LTD. |
|
|
|
|
Registered Office : |
542, Gangnam-daero, Gangnam-gu, Seoul, Korea, 14th Fl., Youngpoong Bldg., Zip Code 135-749 |
|
|
|
|
Country : |
|
|
|
|
|
Financials (as on) : |
31.12.2013 |
|
|
|
|
Date of Incorporation : |
01.08.1974 |
|
|
|
|
Com. Reg. No.: |
211-81-11260 |
|
|
|
|
Legal Form : |
Listed Company |
|
|
|
|
Line of Business : |
Manufacturer of Smelting, Refining and Alloys of Lead, Zinc and Tin Subject products ranges includes Zinc Ingots, Lead Ingots, Electronic
Sulfuric Acid & Sodium Sulfate Anhydride |
|
|
|
|
No. of Employees |
1,188 |
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 |
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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 1, 2014
|
Country Name |
Previous Rating (31.03.2014) |
Current Rating (01.06.2014) |
|
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
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 is
currently the world's 12th largest economy. 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. Korea''s export focused economy was hit hard by the 2008 global economic
downturn, but quickly rebounded in subsequent years, reaching 6.3% growth in
2010. The US-South Korea Free Trade Agreement was ratified by both governments
in 2011 and went into effect in March 2012. Throughout 2012 the economy
experienced sluggish growth because of market slowdowns in the United States,
China, and the Eurozone. The incoming administration in 2013, following the
December 2012 presidential election, is likely to face the challenges of
balancing heavy reliance on exports with developing domestic-oriented sectors,
such as services. 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 |
Basic
|
Company
Name |
KOREA ZINC
COMPANY, LTD. (Korean Company Name : “고려아연(주)”) |
|
Registered Address |
542, Gangnam-daero, Gangnam-gu, Seoul,
Korea (Old Address System : 142, Nonhyeon 1-dong, Gangnam-gu, Seoul, Korea) |
|
Building |
14th
Fl., Youngpoong Bldg. |
|
Zip Code |
135-749 |
|
Tel |
+82-2-519-3465 |
|
Fax |
+82-2-549-8245 |
|
E-mail |
|
|
Website |
|
|
Trading
Address |
14th Fl., Youngpoong Bldg., 142, Nonhyeon 1-dong, Gangnam-gu, Seoul,
Korea |
|
Tel |
+82-2-519-3465 |
|
Fax |
+82-2-549-8245 |
|
Other
Address-Onsan Factory |
139, Ijin-ro, Onsan-eup, Ulju-gun, Ulsan,
Korea (Old Address System : 505, Daejeong-ri, Onsan-eup, Ulju-gun, Ulsan,
Korea) |
|
Tel |
+82-52-231-6021 |
|
Fax |
+82-52-239-0131 |
|
Type |
Export/Import |
|
Industry |
Manufacture
of Smelting, Refining and Alloys of Lead, Zinc and Tin |
|
Main Business |
Zinc
Ingots, Lead Ingots, Electronic Sulfuric Acid & Sodium Sulfate Anhydride |
|
Established (mm/dd/yyyy) |
08/01/1974 |
The Subject owns the
premises of Onsan Factory.
Detailed Products
|
Activity |
Detailed Products (UNSPSC) |
|
Sell |
Bar(30101600) |
|
Sell |
Ingots(30103400) |
|
Sell |
Zinc Zn(12141750) |
|
Sell |
Lead(11101714) |
|
Sell |
Inorganic compounds(12352300) |
|
Sell |
Precious metal ingots(30103410) |
|
Sell |
Zinc ingots(30103404) |
|
Sell |
Inorganic acids(12352301) |
|
Sell |
Non ferrous alloy(11101711) |
|
Sell |
Copper ingots(30103408) |
|
Sell |
Magnesium hydroxide(51171503) |
CEO’s
|
Name |
Choi Chang-Keun |
|
Address |
|
|
Date of Birth |
12/14/1947 |
|
Title |
Chairman & CEO |
|
Sex |
Male |
|
Nationality |
Korean |
Profiles
|
Capital (KRW) |
94,350,000,000 |
||||||||||||||||||||||||||||||
|
Employees |
1,188 |
||||||||||||||||||||||||||||||
|
Formation |
Listed Company (Korea Stock Exchange : 010130) as of 07/28/1990 A Company of YOUNG POONG GROUP |
||||||||||||||||||||||||||||||
|
Bank Details |
Shinhan Bank-Sales 2 Team |
||||||||||||||||||||||||||||||
|
Corporate Registered No. |
110111-0168404 |
||||||||||||||||||||||||||||||
|
Business Registered No. |
211-81-11260 |
||||||||||||||||||||||||||||||
|
Permit & Licenses |
09/2000 KT Mark 06/29/2001 ISO 9001 by LRQA 10/2002 KS Mark 12/18/2004 ISO 14001 by LRQA Int’l
Trade No.: 807117 |
||||||||||||||||||||||||||||||
|
Shareholder Position |
|
||||||||||||||||||||||||||||||
|
Company History |
08/01/1974 Incorporated as the present name 11/2000 Awarded US$ 700 Million Export Top
Prize 11/2005 Awarded US$ 800 Million Export Top
Prize 12/2006 Awarded US$ 1 Billion Export Top
Prize |
||||||||||||||||||||||||||||||
|
|
|
Management
|
Job
Description |
Title |
Name |
Nationality |
Date of
Birth |
Education |
|
Honored
Chairman |
Mr. |
Choi
Chang-Gerl |
Korean |
1941.11.11 |
Seoul
National University, Korea |
|
Chairman
& CEO |
Mr. |
Choi
Chang-Keun |
Korean |
1947.12.14 |
Seoul
National University, Korea |
|
President
& CEO |
Mr. |
Lee
Je-Joong |
Korean |
1958.01 |
Myungji
University, Korea |
|
Director |
Mr. |
Jang
Hyung-Jin |
Korean |
1946.06 |
Yonsei
University, Korea |
|
Outside
Director |
Mr. |
Lee
Kyu-Yong |
Korean |
1955.12.23 |
Seoul
National University, Korea |
|
Outside
Director |
Mr. |
Kim
Byung-Bae |
Korean |
1952.02.10 |
Yonsei
University, Korea |
|
Outside
Director |
Mr. |
Song
Jung-Ho |
Korean |
1942.07.16 |
Korea
University, Korea |
|
Outside
Director/Auditor |
Mr. |
Park
Cheong-Boo |
Korean |
1942.02.01 |
Seoul
National University, Korea |
|
Outside
Director/Auditor |
Mr. |
Kim
Jong-Soon |
Korean |
1951.09 |
Hongik
University, Korea |
Financials
|
Year / Unit
: KRW |
Sales |
Assets |
Net Income |
|
(*)2013 |
4,232,415,605,322 |
4,690,739,689,682 |
467,666,897,246 |
|
(*)2012 |
4,926,649,427,995 |
4,486,814,791,424 |
596,362,413,837 |
|
(*)2011 |
4,857,562,192,551 |
3,901,068,008,733 |
676,786,475,756 |
|
(*)2010 |
3,129,065,096,834 |
3,354,926,539,358 |
516,275,254,619 |
|
2009 |
2,575,311,864,940 |
2,671,653,719,015 |
413,690,953,859 |
|
2008 |
2,454,242,871,512 |
2,167,467,193,130 |
282,718,611,985 |
|
2007 |
2,570,809,730,725 |
2,479,845,028,282 |
421,705,786,790 |
|
2006 |
2,152,517,964,568 |
1,899,289,540,834 |
424,549,864,948 |
|
2005 |
1,375,888,685,686 |
1,429,069,049,801 |
70,965,816,805 |
(*)Figures are based
on the K-IFRS Accounting System.
Financial Description
|
Authorized Capital(KRW) |
230,000,000,000 |
|
Paid-Up Capital(KRW) |
94,350,000,000 |
|
Total Issues Shares |
18,870,000 |
Balance
Sheet
|
|||
|
Unit : Korean Won |
As of
12/31/2013 |
As of
12/31/2012 |
As of
12/31/2011 |
|
Total Assets |
4,690,739,689,682 |
4,486,814,791,424 |
3,901,068,008,733 |
|
Current
Assets |
2,177,698,783,843 |
2,197,976,604,168 |
1,933,734,193,936 |
|
Cash & Cash Equivalents |
317,171,394,474 |
358,405,998,064 |
503,068,054,788 |
|
Trade Receivables & Other
Receivables |
225,619,057,849 |
321,144,276,707 |
189,488,482,123 |
|
Current Financial Instruments |
100,830,000,000 |
90,620,000,000 |
20,282,000,000 |
|
Short-Term
Investment Assets |
455,906,051,944 |
248,448,303,272 |
166,118,315,903 |
|
Current Portion of
Investment_Subsidiaries |
217,572,800,027 |
338,491,427,326 |
293,252,331,979 |
|
Derivatives |
1,325,957,852 |
1,637,744,561 |
4,145,644 |
|
Other Current Assets |
2,616,219,768 |
1,900,342,604 |
2,288,844,026 |
|
Inventories |
856,657,301,929 |
837,328,511,634 |
759,232,019,473 |
|
Non-Current
Assets |
2,513,040,905,839 |
2,288,838,187,256 |
1,967,333,814,797 |
|
Long-Term Trade Receivables &
Other Receivables |
65,975,777,313 |
68,026,721,948 |
37,422,474,716 |
|
Non-Current Financial Instruments |
414,000,000 |
414,000,000 |
414,000,000 |
|
Long-Term
Investment Assets |
290,278,638,012 |
230,258,999,151 |
147,173,841,107 |
|
Tangibles |
1,473,311,917,340 |
1,301,488,922,318 |
1,134,195,981,029 |
|
Investment_Real Estates |
10,757,645,256 |
11,189,064,230 |
11,620,483,206 |
|
Intangibles |
12,223,294,274 |
10,485,679,261 |
10,843,806,391 |
|
Investment_Related Companies |
45,982,211,821 |
45,763,475,808 |
45,763,475,808 |
|
Investment_Subsidiaries |
614,097,421,823 |
621,211,324,540 |
579,899,752,540 |
|
Total
Liabilities |
513,650,241,359 |
651,962,156,441 |
593,494,451,290 |
|
Current
Liabilities |
364,156,299,182 |
485,986,259,404 |
353,070,773,863 |
|
Trade Payables & Other
Payables |
201,814,498,440 |
189,317,008,886 |
132,828,527,232 |
|
Short-Term Borrowings |
87,180,550,416 |
112,770,548,110 |
58,023,525,147 |
|
Current Portion of Long-Term
Borrowings |
11,314,934,448 |
12,935,941,836 |
12,083,565,028 |
|
Current Portion of Debentures |
- |
106,966,379,284 |
- |
|
Deferred Income Tax Credit |
61,932,698,040 |
60,039,962,190 |
143,500,068,840 |
|
Derivatives |
483,173,897 |
1,368,715,547 |
4,173,744,022 |
|
Other Current Liabilities |
1,430,443,941 |
2,587,703,551 |
2,461,343,594 |
|
Non-Current
Liabilities |
149,493,942,177 |
165,975,897,037 |
240,423,677,427 |
|
Long-Term Borrowings |
49,900,466,360 |
61,292,659,216 |
62,094,279,616 |
|
Debentures |
|
|
115,036,193,056 |
|
Confirmed Salaries |
7,059,964,066 |
11,641,283,743 |
7,195,097,710 |
|
Deferred Income Tax Credit |
92,533,511,751 |
93,041,954,078 |
56,098,107,045 |
|
Capital
Stock |
94,350,000,000 |
94,350,000,000 |
94,350,000,000 |
|
Capital Surplus |
54,599,469,714 |
54,599,469,714 |
54,599,469,714 |
|
Capital
Adjustment |
-38,478,851,840 |
-38,478,851,840 |
-38,478,851,840 |
|
Others |
-4,814,346,401 |
29,444,007,136 |
5,686,979,198 |
|
Profit Surplus |
4,071,433,176,850 |
3,694,938,009,973 |
3,191,415,960,371 |
|
Total Equity |
4,177,089,448,323 |
3,834,852,634,983 |
3,307,573,557,443 |
|
Liab. & Shareholder’s Equity |
4,690,739,689,682 |
4,486,814,791,424 |
3,901,068,008,733 |
Income
Statement
|
|||
|
Unit : Korean Won |
As of
12/31/2013 |
As of
12/31/2012 |
As of
12/31/2011 |
|
Sales |
4,232,415,605,322 |
4,926,649,427,995 |
4,857,562,192,551 |
|
Cost of Sold Goods |
3,546,332,827,802 |
4,089,247,131,267 |
3,909,018,104,911 |
|
Gross Profit |
686,082,777,520 |
837,402,296,728 |
948,544,087,640 |
|
Selling & Admin. Expenses |
72,917,719,546 |
72,304,359,520 |
65,554,338,257 |
|
Operating Income |
613,165,057,974 |
765,097,937,208 |
882,989,749,383 |
|
Other Profits |
-25,909,964,383 |
2,393,242,350 |
-3,910,063,511 |
|
Other Operating Income |
37,595,729,778 |
38,393,204,873 |
57,075,311,217 |
|
Other Operating Expenses |
-63,505,694,161 |
-35,999,962,523 |
-60,985,374,728 |
|
Finance Profits |
20,700,914,492 |
20,199,257,288 |
11,277,585,960 |
|
Finance Income |
62,038,598,248 |
69,476,265,641 |
48,510,555,122 |
|
Finance Expenses |
-41,337,683,756 |
-49,277,008,353 |
-37,232,969,162 |
|
Income Before Taxes |
607,956,008,083 |
787,690,436,846 |
890,357,271,832 |
|
Income Taxes Expenses |
140,289,110,837 |
191,328,023,009 |
213,570,796,076 |
|
Net Income |
467,666,897,246 |
596,362,413,837 |
676,786,475,756 |
Cash Flows
|
|||
|
Unit : Korean Won |
As of
12/31/2013 |
As of
12/31/2012 |
As of
12/31/2011 |
|
Operating
Activities Cash Flows |
699,198,509,389 |
500,919,467,493 |
771,038,769,672 |
|
Cash Flows from Operating |
794,915,906,770 |
708,955,956,734 |
891,877,671,407 |
|
Net Income |
467,666,897,246 |
596,362,413,837 |
676,786,475,756 |
|
Adjustment |
263,391,623,593 |
269,410,881,016 |
300,879,914,825 |
|
Changes in Asset/ & Liability |
63,857,385,931 |
-156,817,338,119 |
-85,788,719,174 |
|
Interests Received |
34,992,281,550 |
38,850,602,352 |
16,476,524,410 |
|
Interests Paid |
-6,137,136,071 |
-5,380,881,492 |
-6,728,309,146 |
|
Dividends Received |
2,500,810,200 |
2,495,938,600 |
2,289,746,450 |
|
Income Taxes |
-127,073,353,060 |
-244,002,148,701 |
-132,876,863,449 |
|
Cash Flows from Investing |
-508,801,903,794 |
-615,052,147,536 |
-317,858,501,974 |
|
Cash Flows from Financing |
-231,630,645,377 |
-30,514,756,488 |
-132,500,781,372 |
|
Increase/Decrease in Cash |
-41,234,039,782 |
-144,647,436,531 |
320,679,486,326 |
|
Cash at the Beginning of Year |
358,405,998,064 |
503,068,054,788 |
182,845,672,932 |
|
Cash at the End of Year |
317,171,394,474 |
358,405,998,064 |
503,068,054,788 |
Products,
Technologies, Services Description
|
Main Products & Services |
Zinc
Ingots, Lead Ingots, Electronic Sulfuric Acid & Sodium Sulfate Anhydride |
||||||||||||||||||||||||
|
Performed Production (Unit : MT) |
|
Trade Partners & Competitors
|
Suppliers |
TRAFIGURA, GLENCORE, LOUIS DREYFUS BHP BILLITON, GLENCORE SUMMIT |
|
Customers |
STANDARD BANK PLC(JAPAN) SOJITZ CORPORATION(JAPAN) MITSUBISHI CORPORATION(JAPAN) SUMITOMO CORPORATION(JAPAN) |
|
Competitors |
POONG JEON NONFERROUS METAL CO., LTD. 8B-4L, 680-3, GYEONGSEO-DONG, SEO-GU, INCHEON,
KOREA TEL:+82-32-561-9111 FAX:+82-32-561-9118 SANGSHIN METALLIC CO., LTD. 4MA-402-2, SIHWA INDUSTRIAL COMPLEX, 701-3,
SEONGGOK-DONG, DANWON-GU, ANSAN-SI, GYEONGGI-DO, KOREA TEL:+82-31-499-4011 FAX:+82-31-499-4016 PJ ALTEK CO., LTD. 1B-4L, INCHEON WEST INDUSTRIAL COMPLEX,
682-3, GYEONGSEO-DONG, SEO-GU, INCHEON, KOREA TEL:+82-32-561-0787 FAX:+82-32-561-0789 |
Related Parties
(Subsidiaries, Joint-Venture & Affiliates)
|
Affiliates-Domestic |
YOUNG POONG CORPORATION(110111-0003824) KOREA ZINC INC.(110111-0168404) KOREA CIRCUIT CO., LTD.(130111-0026749) INTERFLEX CO., LTD.(135011-0042924) YOUNG POONG ELECTRONICS CO.,
LTD.(135011-0032106) YOUNG POONG BOOK STORE CO.,
LTD.(110111-0855530) SIGNETICS CORP.(110111-0070815) KG INTERNATIONAL CORPORATION(110111-4252807) YOUNGPOONG CORPORATION(110111-0003824) YOUNG POONG PRECISION
CORPORATION(110111-0342496) SEWON TEXTILE CO., LTD.(110111-0318760) TERRANIX CO., LTD.(135011-0042950) YOUNG POONG DEVELOPMENT CO.,
LTD.(110111-0612914) YOOMI DEVELOPMENT CO., LTD.(110111-0235542) SORIN INVESTMENT DEVELOPMENT
CORPORATION(110111-0074544) XMETECH CO., LTD.(131111-0238400) STI CORP.(115611-0019652) KOREA NICKEL CORP.(110111-0529482) (19.00% held by the subject company) SORIN I & T CO., LTD.(110111-1260077) (33.34% held by the subject company) KG GREENTECH CO.,LTD.(230111-0164077) (60.00% held by the subject company) CLEAN KOREA CO., LTD.(134711-0004996) (100.0% held by the subject company) SORIN CORPORATION(110111-0365068) (49.97% held by the subject company) KORYO HEAVY EQUIPMENT CO.,
LTD.(181211-0020558) (100.0% held by the subject company) KG ENGINEERING CO., LTD.(110111-2102153) (90.00% held by the subject company) ALANTUM CORPORATION(131111-0215078) (35.98% held by the subject company) |
|
Affiliates-Overseas |
KZ - PRANDA CO., LTD.(THAILAND) (40.0% held by the subject company) KZ MINERALS BOLIVIA S.A.(BOLIVIA) (99.9% held by the subject company) KZ MINERALS HOLDINGS PTE.LTD.(SINGAPORE) (100.0% held by the subject company) MINOCQUA METALS CORP.(AUSTRALIA) (50.0% held by the subject company) PAN PACIFIC METAL MINING CORP.(CANADA) (100.0% held by the subject company) COLWELL KENNEDY AUSTRALIA PTY.,
LTD.(AUSTRALIA) (100.0% held by the subject company) SUN METALS HOLDING PTY., LTD.(AUSTRALIA) (100.0% held by the subject company) YP JAPAN CORP.(JAPAN) CHINA CIRCUIT(TIANJIN) CO., LTD.(CHINA) SUN METALS CORP., PTY., LTD.(AUSTRALIA) ALANTUM EUROPE GMBH(GERMANY) IATM(DALIAN) CO., LTD.(CHINA) IATM(SHENYANG) CO., LTD.(CHINA) |
|
Subsidiary |
SORIN CORPORATION(110111-0365068) (49.97% held by the
subject company) CLEAN KOREA CO., LTD.(134711-0004996) (100.0% held by the subject company) KORYO HEAVY EQUIPMENT CO.,
LTD.(181211-0020558) (100.0% held by the subject company) SORIN I & T CO., LTD.(110111-1260077) (33.34% held by the subject company) KG ENGINEERING CO., LTD.(110111-2102153) (90.00% held by the subject company) ALANTUM CORPORATION(131111-0215078) (35.98% held by the subject company) PAN PACIFIC METAL MINING CORP.(CANADA) (100.0% held by the subject company) COLWELL KENNEDY AUSTRALIA PTY.,
LTD.(AUSTRALIA) (100.0% held by the subject company) SUN METALS HOLDING PTY., LTD.(AUSTRALIA) (100.0% held by the subject company) SUN METALS CORP., PTY., LTD.(AUSTRALIA) KZ MINERALS BOLIVIA S.A.(BOLIVIA) (99.9% held by the subject company) KZ MINERALS HOLDINGS PTE.LTD.(SINGAPORE) (100.0% held by the subject company) KG GREENTECH CO.,LTD.(230111-0164077) (60.00% held by the subject company) |
|
Cooperative Enterprise |
-Insured Company LIG
INSURANCE CO., LTD.(110111-0017859) |
Sales by Region
(Activity & Markets)
|
Sales/ Unit
: Million KRW |
09/2011 |
2010 |
2009 |
|
Export |
2,963,274 |
2,305,665 |
1,928,080 |
|
Domestic |
760,307 |
823,400 |
647,232 |
|
Total |
3,723,581 |
3,129,065 |
2,575,312 |
The Subject deals
with the companies in Australia.
Court Action
No.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.61.12 |
|
|
1 |
Rs.103.54 |
|
Euro |
1 |
Rs.81.87 |
INFORMATION DETAILS
|
Report Prepared
by : |
NIS |
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.