MIRA INFORM REPORT
|
Report Date : |
27.12.2014 |
IDENTIFICATION DETAILS
|
Name : |
TRUMP CROWN ( |
|
|
|
|
Registered Office : |
Rm 308-9, 3/F |
|
|
|
|
Country : |
|
|
|
|
|
Date of Incorporation : |
05.08.2010 |
|
|
|
|
Com. Reg. No.: |
1489458 |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
|
|
|
|
Line of Business : |
·
Manufacturer
& Exporter of “Readymade Garments”, “Fabrics” and “Garment
related accessories” (Inclusive Buttons, Metal items, Belts,
Laces and Lingerie accessories) to USA, E.E.C, India, Bangladesh, Sri Lanka,
South America and Gulf markets from Hong Kong, China, India and Bangladesh ·
Subject
also offer Pin, Lace, Belts, Bows, Trims, Tapes, Hot Seal, PU Patch, Metal
Item, Waistband, Metal Button, Elastic Tape, Rubber Patch, Webbing Tape, Neon
Collection, Beaded Necklace, Rhinestone Patch, Coconut Button & Buckle |
|
|
|
|
No of Employees : |
Not Available [We tried to confirm the number of employees but no one is ready to
part any information from the company management.] |
RATING & COMMENTS
|
MIRA’s Rating : |
B |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
|
Status : |
Moderate |
|
|
|
|
Payment Behaviour : |
Unknown |
|
|
|
|
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 – September 30, 2014
|
Country Name |
Previous Rating (30.06.2014) |
Current Rating (30.09.2014) |
|
Hong Kong |
a1 |
a1 |
|
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 |
Contact Points
|
Company Name (in Chinese): |
冠勝(香港)有限公司 |
|
Company Name (in English): |
Trump Crown (Hong Kong) Limited |
|
Supplied Name: |
TRUMP CROWN (HK) LTD. |
|
Trading Address: |
Rm 308-9, 3/F Wing Fat Industrial Building 12 Wang Tai Road Kowloon
Bay Kowloon Hong Kong |
|
Supplied Address: |
RM 308-9, 3/F WING FAT INDS. BUILDING 12 WANG TAI ROAD HONG KONG. |
Note: The exact name is as above.
Credit Summary
|
Credit Opinion: |
Company Identification Details
|
Registered Name: |
|
|
Registered Address: |
Rm 308-9, 3/F Wing Fat Industrial Building
12 Wang Tai Road Kowloon Bay Kowloon Hong Kong |
|
Telephone Number: |
+852-2798-7213 |
|
Fax Number: |
+852-2798-7151 |
|
Date of Registration: |
2010-8-5 |
|
Registered Number: |
1489458 |
|
Business Registration No.: |
53088542 |
|
Paid-up Capital: |
HKD 3,000,000 (USD 387,000) = 3,000,000 Shares@ HKD 1 (As of 2014.12, 1 HKD = 0.129 USD) |
|
Legal Form: |
Private Limited Liability Company |
|
SITC Code: |
84587-- Articles Of Apparel, Men's Or Boys',
N.E.S., Not Knitted Or Crocheted (No.) |
|
Principal Activities: |
·
Manufacturer
& Exporter of “Readymade Garments”, “Fabrics” and “Garment
related accessories” (Inclusive Buttons, Metal items, Belts,
Laces and Lingerie accessories) to USA, E.E.C, India, Bangladesh, Sri Lanka,
South America and Gulf markets from Hong Kong, China, India and Bangladesh ·
Subject
also offer Pin, Lace, Belts, Bows, Trims, Tapes, Hot Seal, PU Patch, Metal Item,
Waistband, Metal Button, Elastic Tape, Rubber Patch, Webbing Tape, Neon
Collection, Beaded Necklace, Rhinestone Patch, Coconut Button & Buckle |
|
Staff: |
N/A |
|
Listed at Stock Exchange: |
No |
|
Date of Last Annual Return: |
2014-8-5 |
Notes: Subject declined to disclose the number of staff and from other source we cannot obtain the information,
either.
History
Subject was incorporated on 2010-8-5 with the registered number 1489458 as Private Limited Liability Company in Hong Kong.
Corporate Structure
Group Offices
|
1 |
|
|
Name: |
Bangladesh Office |
|
Address: |
House 447, Road 7 (East), DOHS Baridhara,
Dhaka-1206 Bangladesh |
|
Tel: |
+880-2-841-4994, 841-7985 |
|
Fax: |
+880-2-841-6263 |
|
2 |
|
|
Name: |
India Office |
|
Address: |
220, President Tower, 6/2, South Tukoganj,
Indore 452001 (M. P.) India |
|
Tel: |
+91-731-409-6675/409-6775 |
|
Fax: |
+91-731-409-6575 |
Shareholders
|
Subscription Shares |
Proportion of Investment (%) |
|
|
Chhugani Dinesh Aildas |
1,500,000 |
50% |
|
Paryani Jamnadas Jashanmal |
1,500,000 |
50% |
|
Total |
3,000,000 |
100% |
Major Shareholder
Information:
|
1 |
|
|
Name: |
Chhugani Dinesh Aildas |
|
Address: |
Flat C, 25F, Tower 2, Sausalito, 1 Yuk Tai Street,
Ma On Shan, Shatin, New Territories, Hong Kong |
|
2 |
|
|
Name: |
Paryani Jamnadas Jashanmal |
|
Address: |
Flat A, 18F, Blcok 3, Baycrest, 8 Hang Ming
St., a On Shan, Shatin, New Territories, Hong Kong |
Management Information
Core Management
Detailed
Information of Directors:
|
1 |
|
|
Name: |
Chhugani Dinesh Aildas |
|
Address: |
Flat C, 25F, Tower 2, Sausalito, 1 Yuk Tai
Street, Ma On Shan, Shatin, New Territories, Hong Kong |
|
Position: |
Director |
|
ID Number: |
K769880(1) |
|
2 |
|
|
Name: |
Paryani Jamnadas Jashanmal |
|
Address: |
Flat A, 18F, Blcok 3, Baycrest, 8 Hang Ming
St., a On Shan, Shatin, New Territories, Hong Kong |
|
Position: |
Director |
|
ID Number: |
XC629269(3) |
|
3 |
|
|
Name: |
Corpiss Limited |
|
Address: |
Unit 1702, 17F, 29 Austin Rd., Tsim Sha
Tsui, Kowloon, HK |
|
Position: |
Corporate Secretary |
|
Registered Number: |
451941 |
Operation Information
Offices &
Factories
|
|
Office |
|
Address: |
Rm 308-9, 3/F Wing Fat Industrial Building
12 Wang Tai Road Kowloon Bay Kowloon Hong Kong |
Premises
Information
Office address:
|
Address: |
Workshop No.8 on 3rd Floor Wing Fat
Industrial Building No. 12 Wang Tai Road Kowloon |
|
Owners: |
Chhugani, Dinesh Aildas |
|
Memorial Number: |
UB5402582 |
|
Date of Instrument: |
1992-7-25 |
|
Date of Registration: |
1992-8-24 |
|
Consideration Value: |
$2,660,000.00 |
History of
Premises Owners’
|
1 |
|
|
Memorial No.: |
UB8891041 |
|
Date of Instrument: |
2003-2-26 |
|
Date of Registration: |
2003-3-14 |
|
Nature: |
Mortgage To Secure Banking
Facilities |
|
In Favor of: |
Fortis Bank Asia HK |
|
Consideration: |
-- |
|
2 |
|
|
Memorial No.: |
UB5366036 |
|
Date of Instrument: |
1992-7-13 |
|
Date of Registration: |
1992-7-30 |
|
Nature: |
Agreement For Sale And Purchase |
|
In Favor of: |
Chhugani, Dinesh Aildas |
|
Consideration: |
$2,660,000.00 |
|
3 |
|
|
Memorial No.: |
UB5402581 |
|
Date of Instrument: |
1992-7-25 |
|
Date of Registration: |
1992-8-24 |
|
Nature: |
Partial Release |
|
In Favor of: |
-- |
Production
Information
l Subject is engaged in manufacturing of garments and accessories
l It is introduced that subject has a factory for production but we cannot
obtain the detail information.
Purchase
Information
l It is introduced that subject’s raw materials are both purchased at home
and abroad.
Sales Information
l Subject is engaged in sale of “Readymade
Garments”, “Fabrics” and “Garment related accessories”
(Inclusive Buttons, Metal items, Belts, Laces and
Lingerie accessories) to USA, E.E.C, India, Bangladesh, Sri Lanka, South
America and Gulf markets from Hong Kong, China, India and Bangladesh
Subject also offer Pin, Lace, Belts, Bows, Trims, Tapes, Hot Seal, PU
Patch, Metal Item, Waistband, Metal Button, Elastic Tape, Rubber Patch, Webbing
Tape, Neon Collection, Beaded Necklace, Rhinestone Patch, Coconut Button &
Buckle
l Subject’s sales regions are domestic market and abroad.
l It is introduced that subject has its own brand “Trump
Crown”.
l The major customers of the subject are manufacturers
and dealers of garments
Trademark
|
Trade Mark No.: |
302351439 |
|
Status: |
Registered |
|
Mark: |
Trump Crown |
|
Mark Type: |
Ordinary |
|
Mark Description: |
The applicant claims the colors
gold, olive, green and blue as elements of the trade mark. |
|
Owner's Name, Address: |
Trump Crown (Hong Kong) Limited 308-309, Wing Fat Industrial
Building, 12 Wang Tai Road, Kowloon, Hong Kong. |
|
Owner’s Address for Service: |
Trump Crown (Hong Kong) Limited 308-309, Wing Fat Industrial
Building, 12 Wang Tai Road, Kowloon Bay, Kowloon, Hong Kong. |
|
Class No.: |
22, 23, 24, 25, 26 |
|
Specification: |
Class 22 Ropes, string, nets, sacks and bags, raw
fibrous textile materials Class 23 Yarns and thread for textile use Class 24 Textiles and textile goods Class 25 Clothing Class 26 Lace,
buttons, hooks |
|
Date of Filing: |
21-08-2012 |
|
Date of Publication of Application
of Acceptance for Registration: |
30-11-2012 |
|
Date of Registration: |
21-08-2012 |
|
Actual Date of Registration: |
21-03-2013 |
|
Expiry Date: |
20-08-2022 |
|
Date of Entry: |
21-03-2013 |
|
Matters |
Registration |
%20LIMITED%20-%20299763%2027-Dec-2014_files/image001.jpg)
Settlements
Purchase
1.
Domestic Purchase
|
Products |
Raw materials |
|
Payment Terms |
T/T, Cash |
2.
Import
|
Products |
Raw materials |
|
Payment Terms |
L/C, T/T |
1.
Domestic Markets
|
Product |
Garments |
|
Selling Terms |
T/T, Cash |
2.
Export
|
Product |
Garments |
|
Selling Terms |
L/C, T/T |
Financial Information
The subject has no obligation to supply its financial statement to the third party according to the relevant policy in Hong Kong and the only source from which we can obtain the information is the subject itself.
Subject’s relevant staff rejected to disclose the financial information; from other sources we could not obtain such information, either.
Bankers
Subject declined to disclose its bank details; from other source we
could not obtain the relevant information, either.
Public
Mortgage Record
|
1 |
|
|
Company Name: |
Trump Crown (Hong Kong) Limited (the
“Company”) |
|
Instrument of Creating Mortgage: |
Deposit Deed |
|
Date of Creating Mortgage: |
2013-12-19 |
|
Amount Secured: |
All moneys now or at any time in the future owing by the Company (the
“Principal(s),)(whether alone or jointly with any other person(s)) to
Citibank or any Affiliate) under any banking, derivative, foreign exchange,
trade, margin, guarantee or other facility or facilities or any account and
all other liabilities (whether actual or contingent, present or future, as
principal or surety or in some other capacity) (the “Facility” or “Facilities), including, any and all the
obligations of the Company and the Principal(s) under any Facility /
Facilities pre-existing prior to the date of execution of this Deed (the
“Obligations”). “Affiliate” any affiliate(s) which Citibank
and the Company agree from time to time to treat as an “Affiliate” under the
Deposit Deed. |
|
Name of Mortgagee: |
Citibank, N.A. |
|
Address of Mortgagee: |
21/F, Tower 1 & 2, The Gateway, Harbour
City，Tsimshatsui Kowloon, Hong Kong |
|
Description of Property Mortgaged: |
By way of a first fixed charge and as a
continuing security for the Obligations, the Company charges and assigns
absolutely all its rights, title to and interest in the Accounts and all
Deposits from time to time in the Accounts and/or comprising the Accounts
maintained with Citibank, N.A., any branch and/or Citibank (Hong Kong)
Limited. |
|
2 |
|
|
Company Name: |
Trump Crown (Hong Kong) Limited (the
“Company”) |
|
Instrument of Creating Mortgage: |
Charge Over Depoists-CD 1 (11a) (“the
Charge”) |
|
Date of Creating Mortgage: |
2013-7-5 |
|
Amount Secured: |
To secure the payment or discharge of all
moneys, obligations and liabilities, whether actual or contingent at the date
of the Charge or at any time after the date thereof, due, owing or incurred by
the Company to Standard Chartered Bank (Hong Kong) Limited ("Bank"
which expression includes its successors and assigns) or to any other company
in the Standard Chartered Group being Standard Chartered Bank (including all
its branches) ("SCB") and the parent and any subsidiary or
associated company of SCB (SCB, the Bank and each such parent, subsidiary and
associated company of SCB, each an “SCB” Group Company)anywhere, whether
alone or jointly, and whether as principal or as surety, including ail principal
moneys, interest at such rates as may from time to time be payable by the
Company (or which would have been so payable but for the liquidation,
bankruptcy, death or other incapacity of the Company), fees, commission,
discount and other charges and all expenses including legal costs on a full
indemnity basis incurred in connection with the enforcement or preservation
of the rights of the SCB Group Companies against the Company or under the
Charge. |
|
Name of Mortgagee: |
Standard Chartered Bank (Hong Kong) Limited
fherein after called “the Bank” |
|
Address of Mortgagee: |
4-4A Des Voeux Road Central HK |
|
Description of Property Mortgaged: |
(1) By fixed Charge all the Company’s
rights in respect of the following (collectively “Deposits”) (i) the sum(s) deposited
by the Company or for its benefit in the account(s) or as evidenced by
deposit instrument(s) or other evidence of indebtedness specified in the
schedule below, including renewals of such sums; and (ii) all other sums in any
currency from time to time standing to the credit of the Company or the
credit of any other person for the Company's benefit, on any account in the
Company's sole or joint names maintained with the Bank or any SCB Group
Company including renewals of such sums, and all interest from time to time accruing or payable on the sums specified in (i) and (ii) above; (2) By assignment all Deposits
held with any SCB Group Company. Note: The Company is prohibited by the terms
of the Charge from dealing with the Deposits or granting or suffering to
arise any security interest in respect of the Deposits or purporting to do
so. |
|
3 |
|
|
Company Name: |
Trump Crown (Hong Kong) Limited (the
“Company”) |
|
Instrument of Creating Mortgage: |
Mortgage |
|
Date of Creating Mortgage: |
2012-11-15 |
|
Amount Secured: |
To secure “all moneys” in respect of general
banking facilities and interest thereon |
|
Name of Mortgagee: |
DAH Sing Bank Limited |
|
Address of Mortgagee: |
36th Floor of Dah Sing Financial Centre,
108 Gloucester Rd., Wanchai, Hong Kong |
|
Description of Property Mortgaged: |
All Those 57 equal undivided 93001 parts or
shares of and in New Kowloon Inland Lot N0.5894 (Workshop No.8 on the Sixth
Floor, Wing Fat Industrial Building, Kowloon) |
|
4 |
|
|
Company Name: |
Trump Crown ( Hong Kong ) Limited |
|
Instrument of Creating Mortgage: |
Mortgage |
|
Date of Creating Mortgage: |
2012-6-26 |
|
Amount Secured: |
All money |
|
Name of Mortgagee: |
|
|
Address of Mortgagee: |
36F, DAH Sing Financial Centre, 108
Gloucester Road, Wanchai, Hong Kong |
|
Description of Property Mortgaged: |
All Those 93 Equal Undivided 9300m Parts Or
Shares Of And In New Kowloon Inland Lot No.5894 ( Workshop No.4 On 3rd Floor,
Wing Fat Industrial Buildinq No. 12 Wang Tai Road, Kowloon.) |
Lawsuits
Up to now, no present or latent litigation of the
subject has been found.
|
High Court Action: |
Clear |
|
High Court Baukufty Bankruptcy Proceedings: |
Clear |
|
High Court Commercial Action: |
Clear |
|
High Court Construction & Arbitration
Proceedings: |
Clear |
|
High Court Companies Winding-Up: |
Clear |
Special Note
Interview
Details
|
Department: |
Sales Department |
Industry Information
84587-- Articles Of Apparel, Men's Or Boys',
N.E.S., Not Knitted Or Crocheted (No.)
Unit: HKD/000
|
|
2014.05 |
2014.01~2014.05 |
||
|
|
Quantity |
Value |
Quantity |
Value |
|
Imports |
||||
|
Australia |
26 |
12 |
273 |
65 |
|
Belgium |
195 |
37 |
307 |
52 |
|
Switzerland |
56 |
136 |
404 |
887 |
|
Germany |
45 |
45 |
393 |
878 |
|
Spanish |
555 |
86 |
1,831 |
325 |
|
France |
80 |
62 |
1,002 |
722 |
|
Britain |
924 |
330 |
3,314 |
1,295 |
|
Italy |
752 |
902 |
3,626 |
4,008 |
|
Korea |
34 |
3 |
242 |
275 |
|
The Mainland of China |
192,038 |
11,315 |
733,322 |
43,102 |
|
Exports |
||||
|
France |
1 |
1 |
1 |
1 |
|
Macau |
-- |
-- |
47 |
36 |
|
-- |
-- |
183 |
142 |
|
|
USA |
15 |
3 |
171 |
161 |
|
The Mainland of China |
48 |
116 |
1,059 |
1,781 |
External Trade Information:
External Merchandise Trade Aggregate Figures
Unit: HKD/ Million
|
|
Imports |
Domestic Exports |
Re-exports |
Total exports |
Year-on-year % change of Total exports |
Merchandise trade balance |
|
2011 |
3,764,596 |
65,662 |
3,271,592 |
3,337,253 |
+10.1 |
-427,343 |
|
2012 |
3,912,163 |
58,830 |
3,375,516 |
3,434,346 |
+2.9 |
-477,817 |
|
2013 |
4,060,717 |
54,364 |
3,505,322 |
3,559,686 |
+3.6 |
-501,031 |
|
2013.03 |
340,857 |
5,073 |
286,638 |
291,711 |
+11.2 |
-49,146 |
|
2013.04 |
332,963 |
4,503 |
285,763 |
290,267 |
+9.0 |
-42,696 |
|
2013.05 |
335,809 |
4,818 |
286,724 |
291,542 |
-1.0 |
-44,267 |
|
2013.06 |
327,309 |
4,476 |
273,161 |
277,637 |
-0.2 |
-49,673 |
|
2013.07 |
342,565 |
4,783 |
300,630 |
305,413 |
+10.6 |
-37,152 |
|
2013.08 |
347,059 |
4,932 |
302,558 |
307,490 |
-1.3 |
-39,570 |
|
2013.09 |
359,841 |
4,395 |
313,436 |
317,830 |
+1.5 |
-42,010 |
|
2013.10 |
361,196 |
4,458 |
318,686 |
323,144 |
+8.8 |
-38,052 |
|
2013.11 |
370,104 |
4,587 |
320,935 |
325,522 |
+5.8 |
-44,581 |
|
2013.12 |
365,228 |
4,596 |
306,281 |
310,877 |
0.0 |
-54,351 |
|
2014.01 |
323,436 |
4,299 |
299,157 |
303,456 |
-0.4 |
-19,979 |
|
2014.02 |
266,587 |
3,276 |
209,638 |
212,914 |
-1.3 |
-53,673 |
|
2014.03 |
351,889 |
5,120 |
296,403 |
301,523 |
+3.4 |
-50,365 |
|
2014.04 |
340,972 |
4,867 |
280,816 |
285,682 |
-1.6 |
-55,290 |
|
2014.05 |
348,323 |
5,299 |
300,673 |
305,973 |
+4.9 |
-42,350 |
|
2014.06 |
352,316 |
4,802 |
304,409 |
309,211 |
+11.4 |
-43,105 |
*Total exports figures
have been rounded to the nearest final digit after summing up the constituent
trade figures.
Attachment
Address: Rm 308-9, 3/F Wing Fat Industrial Building 12 Wang Tai Road Kowloon Bay Kowloon Hong Kong
Wing Fat Industrial Building 12 Wang Tai Road Kowloon Bay Kowloon Hong Kong
%20LIMITED%20-%20299763%2027-Dec-2014_files/image011.jpg)
3/F Wing Fat
Industrial Building 12 Wang Tai Road Kowloon Bay Kowloon Hong Kong
%20LIMITED%20-%20299763%2027-Dec-2014_files/image012.jpg)
Rm 308-9, 3/F Wing
Fat Industrial Building 12 Wang Tai Road Kowloon Bay Kowloon Hong Kong
%20LIMITED%20-%20299763%2027-Dec-2014_files/image013.jpg)
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.63.64 |
|
UK Pound |
1 |
Rs.98.98 |
|
Euro |
1 |
Rs.77.74 |
INFORMATION DETAILS
|
Analysis Done by
: |
RAS |
|
|
|
|
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.