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Report Date : |
13.01.2014 |
IDENTIFICATION DETAILS
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Name : |
NVL ASIA INVESTMENT DEVELOPMENT JOINT STOCK
COMPANY |
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Registered Office : |
5th Floor - No. 337 Truong Trinh - Khuong Trung Ward, Thanh Xuan
District, Ha |
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Country : |
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Date of Incorporation : |
27.01.2010 |
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Com. Reg. No.: |
5701367975 |
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Legal Form : |
Joint Stock Company |
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Line of Business : |
subject specializes in providing customs services. It mainly
carries out customs procedures for Chinese partners |
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No. of Employees : |
12 |
RATING & COMMENTS
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MIRA’s Rating : |
B |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
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Status : |
Moderate |
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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 – March 31st 2013
|
Country Name |
Previous Rating (31.12.2012) |
Current Rating (31.03.2013) |
|
Vietnam |
B1 |
B1 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
|
Moderate |
B1 |
|
High |
B2 |
|
Very High |
C1 |
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Restricted |
C2 |
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Off-credit |
D |
vietnam ECONOMIC OVERVIEW
Vietnam is a
densely-populated developing country that has been transitioning from the
rigidities of a centrally-planned economy since 1986. Vietnamese authorities
have reaffirmed their commitment to economic modernization in recent years.
Vietnam joined the World Trade Organization in January 2007, which has promoted
more competitive, export-driven industries. Vietnam became an official
negotiating partner in the Trans-Pacific Partnership trade agreement in 2010.
Agriculture's share of economic output has continued to shrink from about 25%
in 2000 to less than 22% in 2012, while industry's share increased from 36% to
nearly 41% in the same period. State-owned enterprises account for roughly 40%
of GDP. Poverty has declined significantly, and Vietnam is working to create
jobs to meet the challenge of a labor force that is growing by more than one
million people every year. The global recession hurt Vietnam's export-oriented
economy, with GDP in 2012 growing at 5%, the slowest rate of growth since 1999.
In 2012, however, exports increased by more than 18%, year-on-year; several
administrative actions brought the trade deficit back into balance. Between
2008 and 2011, Vietnam's managed currency, the dong, was devalued in excess of 20%,
but its value remained stable in 2012. Foreign direct investment inflows fell
4.5% to $10.5 billion in 2012. Foreign donors have pledged $6.5 billion in new
development assistance for 2013. Hanoi has oscillated between promoting growth
and emphasizing macroeconomic stability in recent years. In February 2011, the
Government shifted policy away from policies aimed at achieving a high rate of
economic growth, which had stoked inflation, to those aimed at stabilizing the
economy, through tighter monetary and fiscal control. Although Vietnam unveiled
a broad, "three pillar" economic reform program in early 2012,
proposing the restructuring of public investment, state-owned enterprises, and
the banking sector, little perceptible progress had been made by early 2013.
Vietnam's economy continues to face challenges from an undercapitalized banking
sector. Non-performing loans weigh heavily on banks and businesses. In
September 2012, the official bad debt ratio climbed to 8.8%, though some
independent analysts believe it could be higher than 15%.
|
Source : CIA |
SUBJECT IDENTIFICATION &
LEGAL FORM
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Current legal status
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English Name |
|
NVL ASIA INVESTMENT DEVELOPMENT JOINT
STOCK COMPANY |
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Vietnamese Name |
|
CONG TY CO PHAN DAU TU PHAT TRIEN CHAU A
NVL |
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Short name |
|
NVL ASIA |
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Type of Business |
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Joint stock company |
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Year Established |
|
2010 |
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Business Registration No. |
|
5701367975 |
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Date of Registration |
|
27 Jan 2010 |
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Place of Registration |
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Hanoi Planning and Investment Department |
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Chartered capital |
|
VND 1,900,000,000 |
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Status |
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Unlisted |
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Tax code |
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5701367975 |
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Total Employees |
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12 |
|
Size |
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Small |
Historical Identification
& Legal form
|
List |
Changed Items |
Date of changes |
|
1 |
Subject has got former Address: Thuong
Trung Zone - Tue Tinh Street - Ninh Duong Ward - Mong Cai District - Quang
Ninh Province Changed to: 5th Floor - No. 337 Truong Trinh
- Khuong Trung Ward - Thanh Xuan District - Ha Noi City |
2013
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Company ADDRESSES
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Head Office |
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Address |
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5th Floor - No. 337 Truong Trinh - Khuong
Trung Ward, Thanh Xuan District, Ha Noi City, Vietnam |
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Telephone |
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(84-4) 6329 9765/ 6296 2206 |
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Fax |
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(84-4) 3737 3042 |
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Email |
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Note: The given phone
and fax number are incorrect. The correct ones are as above. |
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DIRECTORS
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NAME |
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Mr.
NGUYEN VAN LUAN |
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Position |
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Director |
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Date of Birth |
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08 Aug 1985 |
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ID Number/Passport |
|
100945474 |
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ID Issue Date |
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12 May 2004 |
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ID Issue Place |
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Quang Ninh Police
Station |
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Resident |
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Hai An Hamlet - Quang
An Commune, Dam Ha District, Quang Ninh Province, Vietnam |
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Nationality |
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Vietnamese |
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BUSINESS NATURE AND ACTIVITIES
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The
subject specializes in providing customs services. |
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IMPORT & EXPORT ACTIVITIES
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IMPORT: N/A |
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EXPORT: N/A |
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BANKERS
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N/A |
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SHAREHOLDERS
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1.
NAME |
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Mr.
TRAN THANH NGOC |
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ID Number/Passport |
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100656949 |
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Resident |
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Hoa Lac Ward, Mong Cai City, Quang Ninh
Province, Vietnam |
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Nationality |
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Vietnamese |
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Value of shares |
|
VND 1,330,000,000 |
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Percentage |
|
70% |
|
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||
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2.
NAME |
|
Mr.
NGUYEN VAN LUAN |
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Position |
|
Director |
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Date of Birth |
|
08 Aug 1985 |
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ID Number/Passport |
|
100945474 |
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Issued on |
|
12 May 2004 |
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Issued Place |
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Quang Ninh Police Station |
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Resident |
|
Hai An Hamlet - Quang An Commune, Dam Ha
District, Quang Ninh Province, Vietnam |
|
Nationality |
|
Vietnamese |
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Value of shares |
|
VND 380,000,000 |
|
Percentage |
|
20% |
|
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||
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3.
NAME |
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Ms.
NGUYEN THI HOA |
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ID Number/Passport |
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162820721 |
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Resident |
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Phuong Dinh Commune, Truc Ninh District,
Nam Dinh Province, Vietnam |
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Nationality |
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Vietnamese |
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Value of shares |
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VND 190,000,000 |
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Percentage |
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10% |
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FINANCIAL DATA
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N/A |
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PAYMENT HISTORY & PERFORMANCE EXPERIENCES
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Trade Morality |
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Normal |
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Liquidity |
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N/A |
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Payment status |
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N/A |
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Financial Situation |
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N/A |
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Development trend |
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Developing |
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Litigation data |
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No Record |
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Bankruptcy |
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No Record |
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Payment Methods |
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Cash, Through its bank account |
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Sale Methods |
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To contracts |
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Public opinion |
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Normal |
INTERPRETATION ON THE SCORES
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NVL ASIA INVESTMENT DEVELOPMENT JOINT STOCK COMPANY was established under the business registration No. 5701367975 dated on 27th January 2010. Currently, the subject is operating with small chartered capital of VND 1.9 billion. The subject specializes in providing customs services. The subject mainly carries out customs procedures for Chinese partners. Presently, the subject does not have import or export activity. Formerly, the subject had head office at Thuong Trung Zone - Tue Tinh Street - Ninh Duong Ward - Mong Cai District - Quang Ninh Province. In 2013, it moved the head office to 5th Floor - No. 337 Truong Trinh - Khuong Trung Ward - Thanh Xuan District - Hanoi City. This place is near Hanoi Center. When we visited the subject, we saw that its facilities are normal and its staffs are young. Its business is not very busy. The subject has relationship with TRI CONG MONG CAI COMPANY LIMITED (in Quang Ninh Province). This company also provides customs services. Besides, this company imports scraps automobile tires from Hong Kong then exports to China. In general, the subject is a small and young company in industry. Currently, the subject has capacity to meet small financial commitments. However, caution is needed to all normal business transactions. |
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INDUSTRY DATA |
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Industry code |
GDP growth speed
by price compared with 1994 (%) |
Total enterprises
2010 |
Total employees
2011 (Thous.pers.) |
Annual average
capital of enterprises 2010 (billion dongs) |
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|
2012 |
2011 |
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Agriculture,
Forestry and Fishing |
2.72 |
4.00 |
8,887 |
24,362.9 |
95,227 |
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Industry and
Construction |
4.52 |
5.53 |
95,217 |
10,718.9 |
3,641,376 |
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Trade and
Services |
6.42 |
6.69 |
187,195 |
15,270.2 |
6,957,082 |
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ECONOMIC
INDICATORS |
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2012 |
2011 |
2010 |
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Population (Million person) |
88.78 |
87.84 |
86.93 |
|||
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Gross Domestic Products (USD
billion) |
136 |
119 |
102.2 |
|||
|
GDP Growth (%) |
5.03 |
5.89 |
6.78 |
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GDP Per Capita
(USD/person/year) |
1,540 |
1,300 |
1,160 |
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Inflation (% Change in
Composite CPI) |
9.21 |
18.58 |
11.75 |
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State Budget Deficit compared
with GDP (%) |
4.8 |
4.9 |
5.8 |
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SERVICE TRADE
PERFORMANCE |
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Billion USD |
2012 |
2011 |
2010 |
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Exports |
114.6 |
96.3 |
72.2 |
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Imports |
114.3 |
105.8 |
84.8 |
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|
Trade Balance |
0.3 |
-9.5 |
-12.6 |
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Source: General
Statistics Office
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.61.94 |
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UK Pound |
1 |
Rs.102.06 |
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Euro |
1 |
Rs.84.31 |
INFORMATION DETAILS
|
Report Prepared
by : |
NNA |
RATING EXPLANATIONS
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
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>86 |
Aaa |
Possesses an extremely sound financial base with the strongest capability
for timely payment of interest and principal sums |
Unlimited |
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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 |
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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 |
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---- |
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.