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Report Date : |
23.08.2014 |
IDENTIFICATION DETAILS
|
Name : |
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Registered Office : |
c/o Hongkong Manager & Secretaries Ltd. Unit 1607-1608, 16/F., Citicorp Centre, 18 Whitfield Road, Causeway Bay, |
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Country : |
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Date of Incorporation : |
09.12.2006 |
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Com. Reg. No.: |
37455614 |
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Legal Form : |
Private Limited Company |
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LINE OF BUSINESS : |
IMPORTER, EXPORTER AND WHOLESALER OF COPPER TUBES, COPPER
FITTINGS, OTHER COPPER OR BRASS PRODUCTS |
|
|
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No. of Employees : |
No employees in Hong Kong It is to be noted that
the company does not have its own operating office in Hong Kong. The company
uses the address of its secretariat as its correspondence address only.
Subject operates from some other country and does not have a base in Hong
Kong. Such companies are registered in Hong Kong just to tax benefit purpose
and due to the strict privacy laws prevailing in the country. In such cases,
the companies |
RATING & COMMENTS
|
MIRA’s Rating : |
Ca |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
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 |
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Status : |
No operating office in Hong Kong |
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Payment Behaviour : |
Unknown |
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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 01, 2014
|
Country Name |
Previous Rating (31.03.2014) |
Current Rating (01.06.2014) |
|
Hong Kong |
A1 |
A1 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
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Low Risk |
A2 |
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Moderate Low Risk |
B1 |
|
Moderate Risk |
B2 |
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Moderate High Risk |
C1 |
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High Risk |
C2 |
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Very High Risk |
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 has no tariffs on imported goods, and it levies excise duties on only four commodities, whether imported or produced locally: 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, its continued reliance on foreign trade and investment leaves it vulnerable to renewed global financial market volatility or a slowdown in the global economy. 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 12% of total system deposits in Hong Kong by the end of 2013. 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 total trade 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. Credit expansion and tight housing supply conditions have caused Hong Kong property prices to rise rapidly; consumer prices increased by more than 4% in 2013. 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. In 2013, Hong Kong and China signed new agreements under the Closer Economic Partnership Agreement, adopted in 2003 to forge closer ties between Hong Kong and the mainland. The new measures, effective from January 2014, cover services and trade facilitation, and will improve access to the mainland's service sector for Hong Kong-based companies
|
Source
: CIA |
NOTE:
[Your enquiry given
as:-
HONGKONG HAILIANG METAL TRADING LTD.
With former located
at:
c/o Shanxiahu Pearl (H.K.) Co. Ltd.
Room 1005, 10/F., Railway Plaza, 39 Chatham Road, Tsimshatsui, Kowloon, Hong Kong.]
HONG KONG HAILIANG METAL
TRADING LTD.
ADDRESS: c/o Hongkong Manager & Secretaries Ltd.
Unit 1607-1608, 16/F., Citicorp Centre, 18 Whitfield Road, Causeway Bay, Hong Kong.
PHONE: 852-3528 0290
FAX: Not available.
Managing Director: Mr. Jiang Lirong
Incorporated on: 9th December, 2006.
Organization: Private Limited Company.
Capital: Nominal:HK$233,220,000.00
Issued: HK$233,220,000.00
Business Category: Importer, Exporter and Wholesaler.
Group Turnover: RMB10,349,952,665.33 Yuan (Year ended 31-12-2012)
Company Turnover: RMB6,297,470,868 Yuan (Year ended 31-12-2012)
Employees: Nil.
Main Dealing Banker: HSBC Bank (China) Co. Ltd., China.
Banking Relation: Fairly satisfactory.
Registered Head
Office:-
c/o Hongkong Manager & Secretaries Ltd.
Unit 1607-1608, 16/F., Citicorp Centre, 18 Whitfield Road, Causeway Bay, Hong Kong.
Holding Company:-
Zhejiang Hailiang Co. Ltd., China.
Ultimate Holding
Company:-
Hailiang Group Co. Ltd., China.
Associated
Companies:-
Bank of Ningxia Co. Ltd., China.
Hailiang (Africa) Mining Investment Co. Ltd., British Virgin Islands.
Hailiang (Anhui) Copper Co. Ltd., China.
Hailiang (Vietnam) Copper Co. Ltd., Vietnam.
Hailiang Group (USA) Inc., USA.
Hailiang Group Finance Co. Ltd., China.
Honghe Henghao Mining Co. Ltd., China.
Hongkong Hailiang Metal Materials Co. Ltd., Hong Kong.
Jinchuan Group Co. Ltd., China.
Shanghai Hailiang Copper Co. Ltd., China.
Vietnam Hailiang Metal Products Manufacturing Co. Ltd., Vietnam.
Zhejiang Hailiang International Trade Co. Ltd., China.
Zhejiang Keyu Metal Material Co. Ltd., China.
Zhuji City Haibo Microcredit Co. Ltd., China.
etc.
37455614
1094229
Managing Director: Mr. Jiang Lirong
Nominal Share Capital: HK$233,220,000.00 (Divided into 233,220,000 shares of HK$1.00 each)
Issued Share Capital: HK$233,220,000.00
SHAREHOLDER: (As per registry dated 09-12-2013)
|
Name |
|
No. of shares |
|
Zhejiang Hailiang Co. Ltd. Diankou, Zhuji, Zhejiang Province, China. |
|
233,220,000 ========= |
DIRECTOR: (As per registry dated 09-12-2013)
|
Name (Nationality) |
Address |
|
Lirong JIANG |
Shengling 676, Anchang Town, Shaoxing, Zhejiang Province, China. |
SECRETARY: (As per registry dated 09-12-2013)
|
Name |
Address |
Co. No. |
|
Hongkong Managers & Secretaries Ltd. |
Unit 1607-1608, 16/F., Citicorp Centre, 18 Whitfield Road, Causeway Bay, Hong Kong. |
0020984 |
The subject was incorporated on 9th December, 2006 as a private limited liability company under the Hong Kong Companies Ordinance.
Formerly the subject’s registered office was located at Room 1005, 10/F., Railway Plaza, 39 Chatham Road, Tsimshatsui, Kowloon, Hong Kong, while its head office was located at Flat D, 15/F., Celeste Court, 12 Fung Fai Terrace, Happy Valley, Hong Kong, moved to Room 3401-3402, 34/F., AIA Tower, 183 Electric Road, North Point, Hong Kong in June 2010 and further to the present address in September 2013.
Apart from these, neither material change nor amendment has been ever traced and noted.
Activities: Importer, Exporter and Wholesaler.
Lines: Copper tubes, copper fittings, other copper or brass products
Employees: Nil.
Commodities Imported: India, Europe, etc.
Markets: China, Japan, other Asian countries, Europe, etc.
Group Turnover: RMB 6,052,315,951.24 Yuan (Year ended 31-12-2009)
RMB 9,052,592,859.38 Yuan (Year ended 31-12-2010)
RMB11,877,884,365.59 Yuan (Year ended 31-12-2011)
RMB10,349,952,665.33 Yuan (Year ended 31-12-2012)
Company Turnover: RMB5,902,284,100 Yuan (Year ended 31-12-2011)
RMB6,297,470,868 Yuan (Year ended 31-12-2012)
Terms/Sales: L/C, T/T, etc.
Terms/Buying: L/C, T/T, D/P, etc.
Nominal Share Capital: HK$233,220,000.00 (Divided into 233,220,000 shares of HK$1.00 each)
Issued Share Capital: HK$233,220,000.00
Increase of Nominal Capital:-
|
From |
HK$23,000,000.00 |
to |
HK$233,220,000.00 |
on |
31-12-2008 |
Alternation of Issued Capital:-
|
09-12-2006 |
paid up |
HK$ 23,000,000.00 |
|
31-12-2008 |
paid up |
HK$210,220,000.00 |
|
|
|
––––––––––––––––– |
|
Total: |
paid up |
HK$233,220,000.00 =============== |
Mortgage or Charge: (See attachment)
Indebtedness: US$16,554,885.15 (Total amount outstanding on all mortgages and charges as per last Annual Return dated 09-12-2013)
Group Net Profit: RMB175,420,550.96 Yuan (Year ended 31-12-2009)
RMB236,855,390.09 Yuan (Year ended 31-12-2010)
RMB229,374,812.24 Yuan (Year ended 31-12-2011)
RMB233,529,188.92 Yuan (Year ended 31-12-2012)
Company Net Profit/(Loss):-
RMB21,596,000 Yuan (Year ended 31-12-2011)
(RMB22,756,819) Yuan (Year ended 31-12-2012)
Company Total Assets: RMB819,695,400 Yuan (As at 31-12-2011)
RMB513,047,979 Yuan (As at 31-12-2012)
Company Net Assets: RMB183,664,800 Yuan (As at 31-12-2011)
RMB161,685,758 Yuan (As at 31-12-2012)
Profit or Loss: Group makes a profit every year.
Condition: Group keeps in a satisfactory manner.
Facilities: Adequate for current running.
Payment: Met trade commitments as contracted.
Commercial Morality: Satisfactory.
Bankers:-
The Hongkong & Shanghai Banking Corp. Ltd., Hong Kong.
China Construction Bank Corporation, Hong Kong Branch.
Standard Chartered Bank (Hong Kong) Ltd., Hong Kong.
Australia & New Zealand Banking Group Ltd., Hong Kong Branch.
HSBC Bank (China) Co. Ltd., China.
Standing: Small.
Having issued 233,220,000 ordinary shares of HK$1.00 each, Hong Kong Hailiang Metal Trading Ltd. is a wholly owned subsidiary of Zhejiang Hailiang Co. Ltd. [Hailiang] which is a China-based firm. The only director of the subject Jiang Lirong is a China ID holder. Currently he is residing in Shaoxing City, Zhejiang Province, China.
The subject does not have its own operating office. Its registered office is in a commercial service firm located at Unit 1607-1608, 16/F., Citicorp Centre, 18 Whitfield Road, Causeway Bay, Hong Kong known as Hongkong Managers & Secretaries Ltd. which is handling its correspondences and documents. Hongkong Managers & Secretaries Ltd. is also the corporate secretary of the subject. The subject has no employees in Hong Kong.
The subject’s parent Hailiang is one of the largest manufacturers for copper and copper alloy products such as copper tube, brass tube, copper fittings, brass fittings, copper alloy tube, copper water tube, insulated copper tubes and plastic-coated copper tubes, brass rods, etc. The annual production capacity of Hailiang is over 180,000 tons. It has got the ISO 9001 certification and also the certifications approved for different products in different markets such as NSF, UPC, WHI and KITEMARK, SAI, SGS, SABS, C-TPAT, etc. Hailiang’s products are able to satisfy the requirements of various customers. One of Hailiang’s US customers is Abco Metals Inc. Hailiang’s products are usually shipped by Shanghai Hailiang Copper Co. Ltd. Currently, Hailiang Group has over 4,500 employees in China. Including the employees in the other countries, the Group has about 11,900 persons.
Hailiang deals with foreign parties under the name of the subject and let foreign firms correspond with the subject’s registered address in Hong Kong. Hailiang also exports commodities to foreign markets under the name of the subject and its registered address in Hong Kong.
For the year ended 31st December, 2012, the turnover of the subject amounted to RMB6,297.5 million Yuan and net loss was RMB22.8 million Yuan.
For the 6 months ended 30th June, 2013, the turnover of the subject amounted to RMB3,991.7 million Yuan and net profit was RMB11.4 million Yuan. The subject’s business was profitable in the first half year of 2013.
For the year ended 31st December, 2012, the turnover of the Group amounted to RMB10,350.0 million Yuan and net profit was RMB233.5 million Yuan. Profit margin was low in the year.
For the 6 months ended 30th June, 2013, the turnover of the Group amounted to RMB7,231.3 million Yuan and net profit was RMB136.8 million Yuan.
The subject is fully supported by the Group.
The subject’s business in Hong Kong is not very active. History in Hong Kong is just over seven years.
Since the subject does not have its own operating office and has no employees in Hong Kong, consider it good for business engagements in small credit amount or on L/C basis.
NOTE:
It is to be noted that the company does not have its own operating office in Hong Kong. The company uses the address of its secretariat as its correspondence address only. Subject operates from some other country and does not have a base in Hong Kong. Such companies are registered in Hong Kong just to tax benefit purpose and due to the strict privacy laws prevailing in the country. In such cases, the companies
|
Date |
Particulars |
Amount |
|
01-12-2008 |
Instrument: Charge Over Account Property: As beneficial owner, hereby charges by way of first fixed charge and assigns and releases to the Bank all the Chargor’s interest and benefit in, and rights and title to, all the deposits, funds and interests from time to time standing to the credit of the Account Mortgagee: China Construction Bank Corporation, Hong Kong Branch. |
The Charge is a continuing security for the due and punctual payment or discharge of all moneys, obligations and liabilities |
|
31-05-2011 |
Instrument: Agreement for Pledge of Receivables Property: The creditor’s rights to receivables enjoyed at present or in the future by the Customer against Debtor(s) of Receivables under the Underlying Transaction; the Receivables should be directly paid into the receipt account. Transaction between Hong Kong Hailiang Metal Trading Ltd. and the following Debtors of Receivables: 1. 99 Fitting, LLC, USA. 2. A.Y. Mcdonald Mfg. Co., USA. 3. Admiralty Industries, Corp., USA. 4. All Metal Sales, Inc., USA. 5. All States Distributors Inc., USA. 6. American Industrial Heat Transfer, Inc., USA. 7. Arrow Fabricated Tubing, Ltd., USA. 8. Blueridge, USA. 9. Bramec Corp., USA. 10. Carrier corporation, USA. etc. Mortgagee: HSBC Bank
(China) Co. Ltd., |
(i) all monies and liabilities in any currency owing by the Customer to the Bank at any time; (ii) interest on such monies; and (iii) all expenses of the Bank |
|
30-08-2011 |
Instrument: Agreement for Pledge of Receivables Property: The creditor’s rights to receivables enjoyed at present or in the future by the Customer against Debtor(s) of Receivables under the Underlying Transaction; the Receivables should be directly paid into the receipt account. Transaction between Hong Kong Hailiang Metal Trading Ltd. and the following Debtors of Receivables: 1. Airedale Int Air Condition Ltd., UK. 2. Alcobre S.A., Spain. 3. Cb Supplies Ltd., Canada. 4. FJ-Tomo Corporation, Taiwan. 5. International Co for A/C & Electric Appliance Industries, Egypt. 6. Vianney Industries, Inc., USA. 7. Poongsan Corporation, Korea. 8. Taiwan Hitachi Co. Ltd., Taiwna. 9. J.W. Harris Co. Inc., USA. 10. Ultimate Parts Co. Ltd., Thailand. etc. Mortgagee: HSBC Bank
(China) Co. Ltd., |
(i) all monies and liabilities in any currency owing by the Customer to the Bank at any time; (ii) interest on such monies; and (iii) all expenses of the Bank |
|
21-02-2012 |
Instrument: Agreement for Pledge of Receivables Property: The creditor’s rights to receivables enjoyed at present or in the future by the Customer against Debtor(s) of Receivables under the Underlying Transaction; the Receivables should be directly paid into the receipt account. Transaction between Hong Kong Hailiang Metal Trading Ltd. and the following Debtors of Receivables: 1. Yoowon Electronics Co. Ltd., Thailand. 2. SNC Pyongsan Evolution Co. Ltd., Thailand. 3. Dunham-Bush Industries Sdn Bhd, Malaysia. 4. Frimetal S.A., Roasrio Argentina. 5. C.T.I. Compania Tecno Industrial S.A., Chile. 6. Cem S.A., Chile. 7. Electrolux Home Products Italy Spa, Italy. 8. Onninen Oy, Finland. Mortgagee: HSBC Bank
(China) Co. Ltd., |
(i) all monies and liabilities in any currency owing by the Customer to the Bank at any time; (ii) interest on such monies; and (iii) all expenses of the Bank |
|
25-07-2012 |
Instrument: Agreement for Pledge of Receivables Property: The creditor’s rights to receivables enjoyed at present or in the future by the Customer against Debtor(s) of Receivables under the Underlying Transaction; the Receivables should be directly paid into the receipt account. Transaction between Hong Kong Hailiang Metal Trading Ltd. and the following Debtors of Receivables: 1. Sheng Tai Brassware (Thailand) Co. Ltd., Thailand. 2. Everwell Parts. Inc., USA. 3. American Coil, USA. 4. Aerofin Corporation, USA. 5. Oemtube Assemblies, USA. 6. Dievo Distribuicao E Comercio S/A, Brazil. 7. Industrias Jorvan S.A., Colombia. 8. Conbraco Industries, Inc., USA. 9. Mastertec Holdings Ltd., Hong Kong. 10. hyssenkrupp Materials Ca, Ltd., Canada. etc. Mortgagee: HSBC Bank
(China) Co. Ltd., |
(i) all monies and liabilities in any currency owing by the Customer to the Bank at any time; (ii) interest on such monies; and (iii) all expenses of the Bank |
|
07-01-2013 |
Instrument: Agreement for Pledge of Receivables Property: The creditor’s rights to receivables enjoyed at present or in the future by the Customer against Debtor(s) of Receivables under the Underlying Transaction; the Receivables should be directly paid into the receipt account. Transaction between Hong Kong Hailiang Metal Trading Ltd. and the following Debtors of Receivables: 1. Infinity Parts Co. Ltd., Thailand. 2. C.I. Group Public Co. Ltd., Thailand. 3. Daikin Airconditioning India Private Ltd., India. 4. Carrier Midea India Private Ltd., India. 5. Air & Liquid Systems Corporation, US. 6. Coremetals LLC, US. Mortgagee: HSBC Bank
(China) Co. Ltd., |
(i) all monies and liabilities in any currency owing by the Customer to the Bank at any time; (ii) interest on such monies; and (iii) all expenses of the Bank |
|
16-02-2013 |
Instrument: Agreement for Pledge of Receivables Property: The creditor’s rights to receivables enjoyed at present or in the future by the Customer against Debtor(s) of Receivables under the Underlying Transaction; the Receivables should be directly paid into the receipt account. Transaction between Hong Kong Hailiang Metal Trading Ltd. and the following Debtors of Receivables: 1. Refricenter of Miami Inc., US. 2. Daikin Industries Thailand Ltd., Thailand. Mortgagee: HSBC Bank
(China) Co. Ltd., |
(i) all monies and liabilities in any currency owing by the Customer to the Bank at any time; (ii) interest on such monies; and (iii) all expenses of the Bank |
|
12-07-2013 |
Instrument: Agreement for Pledge of Receivables Property: The creditor’s rights to receivables enjoyed at present or in the future by the Customer against Debtor(s) of Receivables under the Underlying Transaction; the Receivables should be directly paid into the receipt account. Transaction between Hong Kong Hailiang Metal Trading Ltd. and the following Debtors of Receivables: 1. WSM Industries, US. 2. Linesets Inc., Malaysia. 3. Hitachi Conditioning Products Sdn. Bhd., US. 4. Zurn Pex Inc., US. etc. Mortgagee: HSBC Bank
(China) Co. Ltd., |
(i) all monies and liabilities in any currency owing by the Customer to the Bank at any time; (ii) interest on such monies; and (iii) all expenses of the Bank |
|
15-07-2013 |
Instrument: Agreement for Pledge of Receivables Property: Date of Determination
Period: Maximum Debt Amount: Mortgagee: HSBC Bank
(China) Co. Ltd., |
(i) all principal in any currency owing by the Customer to the Bank under the Banking Failities; (ii) interest on such principal; (iii) other amount owing by the Customer to the Bank; and (iv) expenses of the Bank in enforcing the pledge |
|
25-10-2013 |
Instrument: Agreement for Pledge of Receivables Property: The right, title or interest to or in an monetary obligation of the Debtor of Receivables: 1. Shanghai Harp Electric Appliances Co. Ltd., China. 2. Vero Specialty Metals LLC, US. 3. Select Distributing Inc., US. 4. Wolseley Canada Inc., Canada. 5. Turbotec Products Inc., US. Date of Determination
Period: Maximum Debt Amount: Mortgagee: HSBC Bank
(China) Co. Ltd., |
(i) all principal in any currency owing by the Customer to the Bank under the Banking Failities; (ii) interest on such principal; (iii) other amount owing by the Customer to the Bank; and (iv) expenses of the Bank in enforcing the pledge |
|
25-12-2013 |
Instrument: Agreement for Pledge of Receivables Property: The right, title or interest to or in an monetary obligation of the Debtor of Receivables: 1. Shanghai Harp Electric Appliances Co. Ltd., China. 2. Vero Specialty Metals LLC, US. 3. Select Distributing Inc., US. 4. Wolseley Canada Inc., Canada. 5. Turbotec Products Inc., US. Date of Determination
Period: Maximum Debt Amount: Mortgagee: HSBC Bank
(China) Co. Ltd., |
(i) all principal in any currency owing by the Customer to the Bank under the Banking Failities; (ii) interest on such principal; (iii) other amount owing by the Customer to the Bank; and (iv) expenses of the Bank in enforcing the pledge |
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.60.43 |
|
|
1 |
Rs.100.23 |
|
Euro |
1 |
Rs.80.35 |
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.