|
Report Date : |
23.06.2014 |
IDENTIFICATION DETAILS
|
Name : |
IT ZONE |
|
|
|
|
Formerly Known As : |
MCS
Electronics LLC |
|
|
|
|
Registered Office : |
Central
Tower, 14th Floor, 2 Sukhbaatar Square, Sukhbataar District, SBD-8,
Ulaanbaatar 210620A |
|
|
|
|
Country : |
Mongolia |
|
|
|
|
Date of Incorporation : |
01.01.1997 |
|
|
|
|
Com. Reg. No.: |
2113155 |
|
|
|
|
Legal Form : |
Limited Liability Company |
|
|
|
|
Line of Business : |
·
Importers and distributors
of computers and peripherals. ·
Manufacturers of computers
under the brand “Mogul”. ·
Subject is an Authorised Distributor of Dell, NEC-Packard Bell, Avaya,
Linksys, Asus, Cisco, Canon, HP and GE-Honeywell. Subject operates through the
following divisions : Computer Business Equipment Division :
Project, System Integration And Software Division:
Subject also provides the following services
: ·
Internet Service; ·
Sales and procurement; ·
Network & Telecommunication;
·
Automation & Security; ·
Software development. |
|
|
|
|
No of Employees : |
220 |
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 |
|
|
|
|
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 31, 2014
|
Country Name |
Previous Rating (31.12.2013) |
Current Rating (31.03.2014) |
|
Mongolia |
C1 |
C1 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low Risk |
A2 |
|
Moderate Low Risk |
B1 |
|
Moderate Risk |
B2 |
|
Moderate High Risk |
C1 |
|
High Risk |
C2 |
|
Very High Risk |
D |
mongolia ECONOMIC OVERVIEW
Mongolia's extensive mineral
deposits and attendant growth in mining-sector activities have transformed
Mongolia's economy, which traditionally has been dependent on herding and agriculture.
Mongolia's copper, gold, coal, molybdenum, fluorspar, uranium, tin, and
tungsten deposits, among others, have attracted foreign direct investment.
Soviet assistance, at its height one-third of GDP, disappeared almost overnight
in 1990 and 1991 at the time of the dismantlement of the USSR. The following
decade saw Mongolia endure both deep recession, because of political inaction
and natural disasters, as well as economic growth, because of reform-embracing,
free-market economics and extensive privatization of the formerly state-run
economy. The country opened a fledgling stock exchange in 1991. Mongolia joined
the World Trade Organization in 1997 and seeks to expand its participation in
regional economic and trade regimes. Growth averaged nearly 9% per year in
2004-08 largely because of high copper prices globally and new gold production.
By late 2008, Mongolia was hit hard by the global financial crisis. Slower
global economic growth hurt the country's exports, notably copper, and slashed
government revenues. As a result, Mongolia's real economy contracted 1.3% in
2009. In early 2009, the International Monetary Fund reached a $236 million
Stand-by Arrangement with Mongolia and the country has largely emerged from the
crisis with better regulations and closer supervision. The banking sector
strengthened but weaknesses remain. In October 2009, Mongolia passed
long-awaited legislation on an investment agreement to develop the Oyu Tolgoi
mine, considered to be among the world's largest untapped copper-gold deposits.
Mongolia's ongoing dispute with a foreign investor over Oyu Tolgoi, however,
has called into question the attractiveness of Mongolia as a destination for
foreign direct investment. Negotiations to develop the massive Tavan Tolgoi
coal field also have stalled. The economy has grown more than 10% per year
since 2010, largely on the strength of commodity exports to nearby countries
and high government spending domestically. Mongolia's economy, however, faces
near-term economic risks from the government's loose fiscal and monetary
policies, which are contributing to high inflation, and from uncertainties in
foreign demand for Mongolian exports. Trade with China represents more than
half of Mongolia's total external trade - China receives more than 90% of
Mongolia's exports and is Mongolia's largest supplier. Mongolia has relied on
Russia for energy supplies, leaving it vulnerable to price increases; in the
first 11 months of 2013, Mongolia purchased 76% of its gasoline and diesel fuel
and a substantial amount of electric power from Russia. A drop in foreign
direct investment and a decrease in Chinese demand for Mongolia's mineral
exports are putting pressure on Mongolia's balance of payments. Remittances
from Mongolians working abroad, particularly in South Korea, are significant.
|
Source
: CIA |
IT
Zone LLC (Correct)
MCS
ELECTRONICS LLC (Requested)
Building : Central Tower, 14th
Floor
Area : Sukhbataar District, 2
Sukhbaatar Square, SBD-8
Town : Ulaanbaatar
210620A
Country : Mongolia
Telephone: (976 11) 323 705 ext. 55
(Logistics Manager) / 312 424 /
Mobiles (976 88) 113 263 / (976
88) 115 657 (Sunduibaatar Nyam)
Fax : (976
11) 312 699
E-Mail : battulga@itzone.mn
Website : www.itzone.mn
Trading Style : Mogul
Also Known As : IT Zone XXK / IT Zone
Formerly Known As : MCS Electronics LLC
Name Position
1. Battulga
Norolkhoojav Chief Executive Officer
2. Jargalsaikhan
Baldorj Chief Operating Officer
3. Sunduibaatar Nyam Financial
Manager
4. Ajyaa Arweis Head of Sales Department
5. Amir Ulzit Logistics Manager
6. Ms. Bera Accountant
Total Employees : 220
No complaints have been heard
regarding payments from local suppliers or banks.
We consider it is
acceptable to deal with subject for LARGE amounts, although it is normal
accepted practice for international suppliers to deal on secured terms with
Mongolian importers.
Trade risk assessment :
Normal
NAME : TRADE AND DEVELOPMENT BANK OF MONGOLIA
Branch : Khudaldaany Gudamj 7
Town : Ulaanbaatar
Telephone: (976 11) 321 171
Fax : (976 11) 325 449
The company also has
an account with the following banks :
1. Golomt Bank of Mongolia
Main Branch
4th Floor, Sukhbaatar Square 3
Ulaanbaatar
Telephone: (976 11) 311 530 / 311 971 /
326535
Fax
: (976 11) 311 958 / 312 307
2. Khan Bank
Seoul Street 25
Sukhbaatar District
Ulaanbaatar
Telephone: (976 11) 332 333
Fax
: (976 70) 117 023
3. Khas Bank
Da Huree automarket
Ulaanbaatar
Telephone: (976 11) 459 023
Fax
: (976 11) 459 023
4. Anod Bank of Mongolia
Ltd
Khudaldaany Gumamj 18
Chingeltei 211238
Ulaanbaatar
Telephone:
(976 11) 315 315 / 313 179
Fax
: (976 11) 313 070
Private companies in
Mongolia are not required to publish or
disclose balance sheets. However,
the subject interviewed offered
the following information :
Sales Turnover : US DLRS
8,000,000 - 2005 - exact
: US DLRS
12,000,000 - 2006 - exact
: US DLRS
17,000,000 - 2007 - exact
: US DLRS 32,000,000 - 2008 – exact
: US DLRS
28,500,000 - 2009 - exact
: US DLRS
31,300,000 - 2010 - exact
: US DLRS
40,000,000 - 2011 - exact
: US DLRS
40,500,000 - 2012 - exact
: US DLRS
31,000,000 - 2013 – exact *
: US DLRS
26,000,000 – 2014 – projected **
Net Profit : but stated to be 6% of the sales
turnover
* Decrease in sales
turnover in 2013 is due to diversified policy of the company, to decrease
distribution of computers and to increase IT solution services.
** Projected
decrease in sales turnover in 2014 is due to unfavorable market conditions.
Financial year ends 31
December.
Date Started : 1 January 1997
History : The subject company was
established in Mongolia on 1 January 1997 with MCS Holding
Co Ltd (90%) and Bayar Vanchij (10%) (Mongolian
national) as subject's shareholders.
In 2007, shareholding structure was as follows
:
- MCS
Holding Co Ltd
- Battulga Norolkhoojav
- Orbitnet Co Ltd
- Monsat Co Ltd
- Sky Networks Co Ltd
- Telemax Co Ltd.
At the end of 2010, subject's shareholding
structure changed to the following :
- MCS Holding LLC 97%
Central Tower, 15th Floor
2 Sukhbaatar Square, Sukhbataar District,
SBD-8
Ulaanbaatar 210620a
Telephone: (976 11) 312 625 ext. 1546 (Ms.
Tuksjargal) / 311 079 /
(976 77) 212 625 / (976 99) 118 123 / (976
88) 800 666 (N.
Arunbol)
Fax
: (976 11) 312 175
E-Mail
: azzaya.s@mcs.mn / n.zolo@mcs.mn /
ganhuyat@mcs.net /
gantumur.l@mcs.net
Tax No.: 2628236
- Undisclosed 5 private individuals 3%
In 2013, subject's shareholding
structure changed to the present and changed its name to the present style.
C.R. No. : 2113155
Authorised Capital : US DLRS 400,000
Paid up Capital : US DLRS 400,000
Limited Liability Company with the following
director and shareholders :
Director
Battulga Norolkhoojav
(Mongolian national)
Shareholders Percentage
1. Mongol Technology
LLC 70%
Mongolia
2. Inter Group
International LLC 30%
Mongolia
Affiliated companies of the IT Zone LLC :
Former Associates
1. Mongolian
Mining Corporation LLC
Central Tower, 15th
Floor
2 Sukhbaatar
Square, 8 Khoroo, Sukhbaatar District
Ulaanbaatar
210620a
Telephone: (976 70)
122 279
Fax : (976 70) 132 279
Registered address:
Cricket Square, Hutchins Drive,
Grand Cayman,
KY1-1111, Cayman Islands P.O. Box 2681
2. Erchim Suljee LLC
MCS Anun Center
Chinggis Avenue
Khan-Uul District, 3rd Khoroo
Ulaanbaatar 210136
Telephone: (976 11) 346 464
Fax
: (976 11) 346 262
3. Uniservice Solution LLC
Central Tower, 9th Floor, Office
907
Sukhbataar District, 2 Sukhbaatar Square,
SBD-8
Ulaanbaatar 210620a
Telephone: (976 70) 113 360 / 113 360 /
Mobile (976 88) 111 940
(Oyunbileg Sharav) / (976 88) 100
309
Fax
: (976 70) 113 359
E-Mail
: info@uss.mn / oyunbileg.sh@mcs.mn
Managing Director : Ts. Altantsetseg
Est.: 1 April 2005
Tax No.: 2878593
4. Spirt Bal Buram JSC
Mandal Sum
Selenge Aimag
Telephone: (976 11) 311 079
Fax
: (976 11) 312 175
E-mail
: eldevoch@mcs.mn
5. Interpress Co Ltd
MCS Plaza, 1st Floor
Seoul Street 4
Ulaanbaatar 210644
Telephone: (976 11) 326 898 / Mobile (976
99) 118 668
Fax
: (976 11) 329 474
E-mail
: interpress@magicnet.mn
6. MCS Property LLC
MCS
Palaza
Seoul Street 4
Ulaanbaatar 210644
Telephone: (976 11) 311 079 / 312 625
Fax
: (976 11) 312 175
C.R. No.: 9011012015
Tax No.: 5040159
7. Anungoo Co Ltd (Procter
& Gamble)
MCS Plaza, 2nd Floor
Seoul Street 4
Ulaanbaatar 210644
Telephone: (976 11) 961 619
Fax
: (976 11) 312 175
E-mail
: anungoo@mcs.mn
8. MCS International LLC
MCS Anun Center
Chinggis Avenue
Khan-Uul District, 3rd Khoroo
Ulaanbaatar 210136
Telephone: (976 77) 226 363 / 226 6264
Fax
: (976 77) 226 030
Est.: 1 April 1996
C.R. No. : 9011035035
Tax No.: 2090007
Capital : TUGRIK 700,000,000
Sole shareholder : MCS Holding LLC
9. Chinggiz Eco Tour Co Ltd
MCS Plaza, 5th Floor
Seoul Street 4
Ulaanbaatar 210644
Telephone: (976 99) 115 153
Fax
: (976 11) 312175
10.Devshil-Trade Co Ltd
Sonsgolon
Bayangol District
Ulaanbaatar
Telephone: (976 11) 632 964 / 631 539
Fax
: (976 11) 631 709
E-mail
: deb_enkh@mcs.mn
11.MCS Gyals Medical Centre
1st Floor
Russian Hospital
Jukov Avenue 131
Bayanzurkh district
Ulaanbaatar
Telephone: (976 99) 112 603 / (11) 457 781
Fax : (976 11) 451 807
E-mail
: mcsInter@mcs.mn
12.Zuunkharaa Trade Co Ltd
MCS Coca-Cola Plaza
Chingis Avenue
Khan Uul district
Ulaanbaatar-19
Telephone: (976 11) 345 234
Fax
: (976 11) 345 228
13.Unitel LLC
Central Tower, 8th Floor
Sukhbatar Square 2
Sukhbatar District 8
Ulaanbaatar 210620A
Mongolia
Telephone:
(976 11) 331 730
Fax
: (976 11) 330 708
E-Mail
: bayarbakhdal@unitel.mn
Est.: 5 October 2005
C.R. No.: 482106
14.MCS
Coca Cola LLC
MCSCC Plant
Peace Avenue,
Gachuurt Road 104
Amgalan 13260,
Bayanzurkh District, 10th Khoroo
Ulaanbaatar
Telephone: (976 70)
165 555
Fax : (976 70) 165 500
E-Mail : khandaa.ts@mcscocacola.mn
Website : www.mcscocacola.mn
Est.: 26 July 2001
C.R. No. : 9011080120
Tax No.: 2663503
Capital : TUGRIK 5,000,000,000
Sole shareholder : MCS Holding LLC
15.Mon Sat Co Ltd
MCS Plaza, 3rd Floor
Seoul Street 4
Ulaanbaatar 210644
Telephone: (976 11) 312 625
Fax
: (976 11) 312 175
16.Orbitnet Co LLC
Central Tower 14/F
Sukhbaatar Square No. 2
Sukhbaatar District, SBD-8
Ulaanbaatar-210620A
Telephone: (976 11) 323 705
Fax
: (976 11) 312 699
17.Officenet LLC
MCS Plaza, 3rd Floor
Seoul Street 4
Ulaanbaatar 210644
Telephone: (976 11) 344 931
Fax
: (976 11) 312 175
18.Goyo Co Ltd
MCS Plaza, 3rd Floor
Seoul Street 4
Ulaanbaatar 210644
Telephone: (976 11) 342 531
Fax
: (976 11) 344 015
19.Shangrila Hotel
Ulaanbaatar
Telephone: (976 11) 326 602
Fax
: (976 11) 326 643
20.Orchlon School
Ulaanbaatar
Telephone: (976 11) 353 519
Fax
: (976 11) 354 115
21.Orchlon Club
Ulaanbaatar
Telephone: (976 11) 354 327
Fax
: (976 11) 354 326
22.MCS Distribution LLC
Ulaanbaatar
Telephone: (976 11) 345 234
Fax
: (976 11) 345 460
23.Energy Resources LLC
Central Tower
2 Sukhbaatar square, SBD-8
15th floor
Ulaanbaatar 210620A
Telephone: (976 70) 122 279 / 132 279
Fax
: (976 11) 322 279
Tax No.: 2887746
Capital : US DLRS
26,200,370
24.Global Energy
Ulaanbaatar
Telephone: (976 11) 311 079
Fax
: (976 11) 312 175
25.Medimpex
Ulaanbaatar
Telephone: (976 11) 310 429
Fax
: (976 11) 318 254
26.Irish Pub Grand Khaan
Ulaanbaatar
Telephone: (976 11) 336 666
Fax
: (976 11) 330 995
27.MCS - APB LCL
Ulaanbaatar
Telephone: (976 11) 464 304
Fax
: (976 11) 464 306
28.Sky Resort
Ulaanbaatar
Telephone: (976 11) 311 079
Fax
: (976 11) 311 079
29.MCS Estates
Ulaanbaatar
Telephone: (976 11) 311 079
Fax
: (976 11) 312 175
30.Green Catering LLC
14th Floor, Central Tower
Ulaanbaatar
Mongolia
Telephone: (976 11) 314 411
Fax
: (976 11) 314 411
Est.: 2008
31.MCSCom LLC
Central Tower, 14th Floor
Sukhbaatar Square 2
Sukhbaatar District, SBD-8
Ulaanbaatar 210620A
Telephone: (976 11) 323 705
Fax
: (976 11) 312 699
32.MCS Anun LLC
1st floor, Building M-100
Chingeltei District
Ulaanbaatar
Telephone: (976 11) 312 908 / 312 938
Fax
: (976 11) 312 907
33.Glamour LLC
Ulaanbaatar
34.MCS Health LLC
35.SBB Trade LC
36.MCS Armor LLC
37.MCS Metals LLC
38.Enerko LLC
MCS Anun Center
Chinggis Avenue
Khan-Uul District, 3rd Khoroo
Ulaanbaatar 210136
Telephone: (976 11) 346 464
Fax
: (976 11) 346 262
39.MCS Tour Co Ltd
MCS Plaza, 5th Floor
Seoul St 4
Ulaanbaatar 210644
Telephone: (976 99) 115 153
Fax
: (976 11) 312 175
E-mail
: MCSTour@mcs.mn
(dormant)
40.Mongolian Coal Corporation Limited
Three Pacific
Place, Level 28
1 Queen’s Road East
Hong Kong
Capital : HK DLRS 1
41.Mongolian Coal Corporation S.a.r.l.
Luxemburg
Capital : EURO
31,000
42.Baruun Naran Limited
Gibraltar
43.Energy Resources Corporation LLC
Mongolia
Capital : US DLRS
100,000
44.Energy Resources Rail LLC
Central Tower, 16th
Floor
2 Sukhbaatar
Square, 8 Khoroo, Sukhbaatar District
Ulaanbaatar
14200
Telephone: (976 70)
122 279 / 132 279
Fax : (976 70) 111 399 / 132 279
Chief Executive
Officer : Oyunbat Lkhagvatsend
Employees: 100
Est.: 8 July 2008
Tax No.: 5241111
Capital : TUGRIK
10,700,000,000
Sole shareholder :
Energy Resources LLC
(Engages in
management of railway project and responsible for the
implementation of
the construction of the railway base
infrastructure)
45.Enrestechnology LLC
Central Tower, 16th
Floor, West Wing
2 Sukhbaatar
Square, 8 Khoroo, Sukhbaatar District
Ulaanbaatar
210620a
Telephone: (976 70)
122 279
Fax : (976 70) 132 279
Chief Executive
Officer : Davaakhuu Chultem
Est.: 25 June 2009
Tax No.: 3614107
Capital :
3,466,163,000
46.Energy Resources Mining LLC
Central Tower, 15th
Floor
2 Sukhbaatar
Square, 8 Khoroo, Sukhbaatar District
Ulaanbaatar
210620a
Telephone: (976 70)
122 279
Fax : (976 70) 132 279
Est.: 23 December
2008
Capital : US DLRS
1,000
(Responsible for the
mining and technical operations of the UHG
deposit)
47.Transgobi LLC
Mongolia
Capital : TUGRIK
9,122,641,836
48.Tavan Tolgoi Airport LLC
Mongolia
Capital : TUGRIK
3,475,379,000
49.Energy Resources Road LLC
Mongolia
Capital : TUGRIK
1,000,000
50.International Medical Center LLC
Mongolia
51.International Technical College LLC
Mongolia
52.Ukhaa Khudag Water Supply LLC (frmly United Water LLC)
Mongolia
Est.: 24 June 2009
Capital : TUGRIK
1,000,000
53.United Power LLC
Mongolia
Capital : TUGRIK
3,025,219,000
54.Gobi Road LLC
Mongolia
Capital : TUGRIK
1,000,000
55.Public Service LLC
Mongolia
Capital : TUGRIK
20,000,000
56.Khangad
Exploration LLC
Central Tower, 16th Floor
Sukhbaatar Square 2, 8 Khoroo, Sukhbaatar
District
Ulaanbaatar 14200
Telephone: (976 70) 122 279 / 132 279
Fax
: (976 70) 111 399 / 132 279
E-Mail
: ankhbayar.nergui@bncoal.mn
Est.: 23 February 2006
Tax No.: 2887134
License No. :
MV-14493 (for the BN Coking coal deposit)
Capital : TUGRIK
42,491,100,000
Sole shareholder:
Baruun Naran S.a.r.l. (Luxembourg)
The Company is involved in the following
activities :
Importers and distributors
of computers and peripherals.
Manufacturers of computers
under the brand “Mogul”.
Subject operates through the following
divisions :
Computer Business Equipment
Division :
- Distribution;
- Channel Products;
- Services (Computer Repair
Service Centre).
Project, System Integration
And Software Division :
- Project Department;
- System Integration
Department;
- Software Department.
Subject also provides the
following services :
- Internet Service;
- Sales and procurement;
- Network &
Telecommunication;
- Automation &
Security;
- Software
development.
Subject's market share is
over 30%.
NACE Codes : 4651 / 2620 /
4741 / 9511
Subject is an authorised
distributor of Dell, NEC-Packard Bell, Avaya, Linksys, Asus, Cisco, Canon, HP
and GE-Honeywell.
Agents for Acer, Apple,
Avaya, Bit Defender, Canon HongKong Company
Limited, CISCO, Logitech,
DELL Asia Pacific Sdn, D-Link International
Pte Ltd, Hewlett Packard,
FORS, Foxconn, Freebalance, Genius,
Globalstar, Huawei, IBM,
iDirect, Kingston, Inmarsat, Intel, Lenovo,
Matsushita Electric Industrial,
Microsoft, Micro-Star International
(MSI), Vivotec, Zebra
Technologies, Zyxel and Motorola.
Imports from Singapore,
Finland, South Korea, USA, China, Hong Kong and Malaysia.
Subject does not export,
all sales are domestic.
The Company has the following facilities :
Owned administrative
offices located at the heading address as well as a manufacturing unit and
storage facilities located elsewhere in Ulaanbaatar. Subject has 5 retail
stores located throughout Mongolia (see 'Branch Offices' below).
Until early May 2009, subject was located at :
MCS Plaza, 3rd Floor
Seoul Street 4 (fmly
Natsagdorj Street)
Ulaanbaatar
Post Code 210644
Telephone: (976 11) 323 705
/ 312 625
Fax : (976 11) 311 323 / 312 175
Central Tower, 14th Floor
2 Sukhbaatar Square,
Sukhbataar District, SBD-8
Ulaanbaatar 210620A
1. Canon Store
Niislel Daatgal LLC Building, 1st Floor
Peace Avenue, Chingelteli District
Ulaanbaatar
Telephone: (976 70) 110 544 / Mobile (976
88) 117 444
Fax
: (976 70) 110 544
2. Mogul Toov
3rd Khooro
Ulaanbataar
3. Enterprise Solution
Centre
Ulaanbataar
4. Technic Tuslalzu
Ulaanbataar
5. Program Khangamjeen
Ulaanbaatar
You
enquired on : MCS ELECTRONICS LLC. Please note that this name applies to
subject's formerly known name. Subject's current registered name is as per
heading.
The address
given by you : MCS PLASZ, NATSAGDORJ STREET 4, ULAANBAATAR-210644 is incorrect
and applies to subject's former
affiliate company. Please note that subject’s correct administrative office
address is as per heading.
Interviewed
: Sunduibaatar Nyam (Financial Manager).
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.60.28 |
|
UK Pound |
1 |
Rs.102.77 |
|
Euro |
1 |
Rs.82.12 |
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.