|
Report Date : |
07.11.2014 |
IDENTIFICATION DETAILS
|
Name : |
KUKDO CHEMICAL CO., LTD. |
|
|
|
|
Registered Office : |
61, Gasan digital 2-ro, Geumcheon-gu, Seoul, Korea 153-802 |
|
|
|
|
Country : |
South
Korea |
|
|
|
|
Financials (as on) : |
30.06.2014 |
|
|
|
|
Date of Incorporation : |
22.02.1972 |
|
|
|
|
Com. Reg. No.: |
119-81-04497 |
|
|
|
|
Legal Form : |
Listed Company |
|
|
|
|
Line of Business : |
Manufacture of synthetic resin and other plastic materials |
|
|
|
|
No. of Employees : |
369 |
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 – 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 - ECONOMIC OVERVIEW
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. South 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. South 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-Korea Free Trade Agreement was ratified by both
governments in 2011 and went into effect in March 2012. Throughout 2012 and
2013 the economy experienced sluggish growth because of market slowdowns in the
United States, China, and the Eurozone. The administration in 2014 is likely to
face the challenge 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,
dominance of large conglomerates (chaebols), and heavy reliance on exports,
which comprise about half of GDP
|
Source
: CIA |
Basic
|
Company Name |
KUKDO CHEMICAL CO.,
LTD. (Korean Company Name : “국도화학(주)”) |
|
Registered
Address |
61, Gasan digital 2-ro, Geumcheon-gu, Seoul, Korea |
|
Building |
|
|
Zip Code |
153-802 |
|
Tel |
+82-2-3282-1400 |
|
Fax |
+82-2-869-0101 |
|
E-mail |
purchase@kukdo.com;import@kukdo.com;customs@kukdo.com; general@kukdo.com |
|
Website |
www.kukdo.com |
|
Trading Address |
61, Gasan digital 2-ro, Geumcheon-gu, Seoul, Korea (Old Address System : 345-35, Gasan-dong, Geumcheon-gu, Seoul, Korea) |
|
Tel |
+82-2-3282-1400 |
|
Fax |
+82-2-869-0101 |
|
Other Address-Iksan Factory |
643, Seogam-dong, Iksan-si, Jeollabuk-do, Korea |
|
Tel |
+82-63-835-0101 |
|
Fax |
+82-63-835-6959 |
|
Other Address-Busan Office |
1518-2, Songjeong-dong, Gangseo-gu, Busan, Korea |
|
Tel |
+82-51-832-2267~9 |
|
Fax |
+82-51-832-2264 |
|
Type |
Export/Import |
|
Industry |
Manufacture of Synthetic Resin and Other Plastic Materials |
|
Main Business |
Epoxy Resins, Hardener, Polymide Resin, Polyurethan,
Polyurea Resin, Polyol, Adhesives, High-Quality Bleach, Disinfectant,
Germicidal Agent |
|
Sub Business |
|
|
Established
(mm/dd/yyyy) |
02/22/1972 |
The Subject owns
the premises of registered HQ address (8,264.47㎡), Iksan Factory (55,981.20㎡)
and Busan Office (8,196.60㎡).
Detailed Products
|
Activity |
Detailed
Products (UNSPSC) |
|
Sell |
Epoxy(13111001) |
|
Sell |
Curing agents(12162300) |
|
Sell |
Resins(13111000) |
|
Sell |
Chemistry reagents or solutions(41116105) |
|
Sell |
Foams(13111300) |
|
Sell |
Polyurethane resins(13111061) |
|
Sell |
Polyamide(13111031) |
|
Buy |
Epichlorohydrin ECO(13101714) |
|
Buy |
Phenols or its substitutes or derivatives(12191503) |
CEO’s
|
Name |
Lee Sam-Yeol |
|
Address |
|
|
Date of Birth |
10/21/1930 |
|
Title |
Chairman & CEO |
|
Sex |
Male |
|
Nationality |
Korean |
Profiles
|
Capital (KRW) |
29,053,080,000 |
|||||||||||||||||||||
|
Employees |
369 |
|||||||||||||||||||||
|
Formation |
Listed Company (Korea Stock Exchange : 007690) as of 08/05/1989 A Company of KUKDO CHEMICAL CO., LTD. Foreign Direct Investment Corporation |
|||||||||||||||||||||
|
Bank Details |
Kookmin
Bank-Youngdeungpo Branch Korea Exchange
Bank Shinhan Bank Woori Bank SC First Bank
of Korea Hana Bank |
|||||||||||||||||||||
|
Corporate
Registered No. |
110111-0126642 |
|||||||||||||||||||||
|
Business
Registered No. |
119-81-04497 |
|||||||||||||||||||||
|
Permit &
Licenses |
12/06/1994 ISO 9002 by BVQI 12/19/1995 ISO 14001 by BVQI 10/01/1996 ISO 14001 –Iksan Factory 11/21/1996 ISO 14001-Seoul Factory 11/25/1998 ISO 14001 by BVQI 01/2000 KS 03/2003 ISO 9001 by BVQI Int’l Trade No.: 952330 |
|||||||||||||||||||||
|
Shareholder
Position |
|
|||||||||||||||||||||
|
Company
History |
07/2007 Completion
of Epoxy resin factory in Seoul Total Capacity : 165,000mt/year 09/2006
Completion of SCM-Plant in Iksan 01/2006 The
announcement of Kukdo's Vision EGK 2010 (generate aroundUS$500million in
annual sales in 2010) 12/2006 The
achievement of annual sales over US$300million 11/2005
Awarded export performance US$100,000,000 Prize (The 42th Annual Tradeday) 07/2004
Removal of Busan Office and Establishment of Polyol producing Plant 12/2004
Completion of the 2nd Epoxy Resin and Polyol producing factory in China 11/2003
Completion of the 1st Epoxy resin and Polyol producing factory in China 03/2003
Acquired ISO-9001 : 2000 (Quality Management System) from BVQI 04/2002
Establishment of Konsan Ltd. in China 04/2001
Acquired the official "KS" mark (Korean Industrial Standard) on
Polyurethane waterproofing material 06/1999
Sepcial Construction License (Surface treatment & Waterproofing work) 04/1999 Change
company name to the present name 04/1999 new
business launch for Polyester Resin, Polyurethane, Polyurea 01/1998
Operation of KD-NIS (Integration Computer System) 12/1998
Awarded '98 Excellent Labor-Management Consultation Company (The Ministry of
Labor) 03/1997
Awarded Prime Minister Reward (31st Taxation Day) 03/1996
Establishment of Kukdo Fine Chemical Co., Ltd. 11/1995
Awarded Silver Tower Prize (32nd Trade Anniversary) 12/1995
Acquired ISO 14001, BS-7750 (Environmental Management System) from BVQI 05/1994
Completion of the 2nd Factory for Epoxy Resin & Hardener in Iksan 03/1994
Acquired ISO 9002 (Quality Management System) from BVQI 01/1994
Participating in the Great man Made River project in Libya 12/1994 Iksan
plant Acquired ISO 9002 : 1994 (Quality Management System) from BVQI 08/1989 Stock
is enlisted on the Korea Stock Exchange 11/1985 Awarded
Export Performance US$10,000,000 Prize (The President Prize) 10/1983
Establishment of R&D (Technical) Center 11/1980 Sodium
Chlorite and Sodium Hypochlorite Plant in Seoul 01/1973
Completion of Epoxy Resin Factory in Seoul 02/1972
Incorporated as KUKDO CHEMICAL INDUSTRY. CO., LTD. |
|||||||||||||||||||||
|
|
|
Management
|
Job
Description |
Title |
Name |
Nationality |
Date of Birth |
Education/Career |
|
Chairman & CEO |
Mr. |
Lee Sam-Yeol |
Korean |
1930.10.21 |
Seoul National
University |
|
President & CEO |
Mr. |
Lee Si-Chang |
Korean |
1962.09.01 |
Soongsil
University, Korea |
|
Outside Director |
Mr. |
Yu Soon-Seok |
Korean |
1936.11.25 |
Seoul National
University, Korea |
|
Outside Director |
Mr. |
Choi Byung-Il |
Korean |
1933.08.16 |
Hanyang University,
Korea |
|
Outside Director |
Mr. |
Lee Eun-Taik |
Korean |
1943.10.08 |
Daejeon
College, Korea |
|
Sr. Executive Director |
Mr. |
Song Won |
Chinese |
1961.03. |
- |
|
Vice Chairman |
Mr. |
Park Jong-Soo |
Korean |
1958.07.14 |
Chunbuk National
University, Korea |
|
Director |
Mr. |
Yasuwura
Shigetto |
Japanese |
1956.02. |
- |
|
Sr. Executive Director |
Mr. |
Hur Yeon-Jin |
Korean |
1959.05. |
Korea
University, Korea |
|
Executive Director |
Mr. |
Kwon
Young-Hwan |
Korean |
1958.12.09 |
Hankyung
College, Korea |
|
Executive Director |
Mr. |
Lee Sang-Wook |
Korean |
1965.11. |
Kyunghee
University, Korea |
|
Auditor |
Mr. |
Na Jeong-Yong |
Korean |
1954.01.19 |
Hanyang
University, Korea |
|
Year / Unit :
KRW |
Sales |
Assets |
Net Income |
|
340,967,121,821 |
517,286,929,870 |
9,932,287,974 |
|
|
(*)2013 |
655,660,067,474 |
488,596,159,115 |
28,109,802,811 |
|
(*)2012 |
620,364,704,391 |
464,358,946,607 |
26,371,468,531 |
|
(*)2011 |
647,898,270,824 |
466,990,358,920 |
21,896,616,502 |
|
(*)2010 |
623,873,940,111 |
495,413,868,490 |
25,252,821,112 |
|
2009 |
405,235,601,054 |
340,776,694,754 |
22,655,745,894 |
|
2008 |
433,225,688,605 |
332,638,181,740 |
29,212,509,388 |
|
2007 |
388,343,719,327 |
289,710,056,816 |
13,253,669,144 |
|
2006 |
320,433,331,852 |
251,623,909,432 |
16,913,865,727 |
|
2005 |
275,979,227,317 |
214,610,844,771 |
10,791,997,291 |
|
2004 |
244,264,150,989 |
206,359,420,569 |
9,238,206,832 |
|
2003 |
210,990,648,619 |
183,027,965,032 |
6,257,591,290 |
(*)Figures are based on the K-IFRS
Accounting System.
Financial Description
|
Authorized
Capital(KRW) |
100,000,000,000 |
|
Paid-Up
Capital(KRW) |
29,053,080,000 |
|
Total Issued
Shares |
5,810,616 |
|
Balance Sheet |
|||
|
Unit : Korean
Won |
01/01/2014~06/30/2014 |
As of
12/31/2013 |
As of
12/31/2012 |
|
Total
Assets |
517,286,929,870 |
488,596,159,115 |
464,358,946,607 |
|
Current
Assets |
290,467,790,400 |
253,922,828,101 |
255,889,699,341 |
|
Inventories |
64,385,170,544 |
74,751,803,150 |
61,696,595,980 |
|
Trade
Receivables & Other Receivables |
125,753,705,060 |
109,990,472,792 |
118,462,705,852 |
|
Investment |
92,791,081,764 |
63,004,783,710 |
72,340,908,701 |
|
Other
Current Assets |
3,064,810,529 |
1,909,420,976 |
1,383,589,610 |
|
Cash
& Cash Equivalents |
4,473,022,503 |
4,266,347,473 |
2,005,899,198 |
|
Non-Current
Assets |
226,819,139,470 |
234,673,331,014 |
208,469,247,266 |
|
Tangibles |
125,672,200,944 |
117,290,963,526 |
110,258,389,210 |
|
Intangibles |
1,075,408,918 |
1,075,408,918 |
2,233,680,392 |
|
Long-Term
Trade Receivables & Other Receivables |
990,000,846 |
937,880,000 |
934,167,000 |
|
Investment_Related
Companies |
4,500,000,000 |
4,500,000,000 |
|
|
Investment_Subsidiaries |
94,076,497,810 |
94,076,497,810 |
94,076,497,810 |
|
Investment |
505,030,952 |
16,792,580,760 |
966,512,854 |
|
Total
Liabilities |
173,832,906,121 |
149,217,948,511 |
147,074,392,647 |
|
Current
Liabilities |
122,307,845,541 |
95,869,373,082 |
120,325,292,739 |
|
Short-Term
Borrowings |
20,577,394,234 |
10,276,260,993 |
22,702,003,077 |
|
Current
Portion of Debentures |
|
|
14,988,315,441 |
|
Current
Portion of Long-Term Debts |
10,765,824,000 |
9,235,824,000 |
12,174,490,664 |
|
Trade
Payables & Other Payables |
86,048,696,914 |
73,167,338,785 |
64,171,236,841 |
|
Deferred
Income Tax Credit |
2,919,034,739 |
2,016,906,132 |
4,945,053,986 |
|
Other
Current Liabilities |
1,996,895,654 |
1,173,043,172 |
1,344,192,730 |
|
Non-Current
Liabilities |
51,525,060,580 |
53,348,575,429 |
26,749,099,908 |
|
Long-Term
Borrowings |
19,705,824,000 |
21,553,736,000 |
11,686,226,662 |
|
Debentures |
14,950,083,672 |
14,936,920,491 |
|
|
Deferred
Income Tax Credit |
16,869,152,908 |
16,857,918,938 |
15,062,873,246 |
|
Capital
Stock |
29,053,080,000 |
29,053,080,000 |
29,053,080,000 |
|
Capital
Surplus |
46,225,796,228 |
46,225,796,228 |
46,225,796,228 |
|
Others |
20,118,854,059 |
15,782,712,888 |
14,300,712,888 |
|
Profit
Surplus |
248,056,293,462 |
248,316,621,488 |
227,704,964,844 |
|
Total
Equity |
343,454,023,749 |
339,378,210,604 |
317,284,553,960 |
|
Liab.
& Shareholder’s Equity |
517,286,929,870 |
488,596,159,115 |
464,358,946,607 |
|
Income Statement |
|||
|
Unit : Korean
Won |
01/01/2014~06/30/2014 |
As of
12/31/2013 |
As of 12/31/2012 |
|
Sales |
340,967,121,821 |
655,660,067,474 |
620,364,704,391 |
|
Cost of Sold Goods |
307,116,185,793 |
582,501,617,256 |
552,332,316,012 |
|
Gross Profit |
33,850,936,028 |
73,158,450,218 |
68,032,388,379 |
|
Selling & Admin. Expenses |
21,336,781,456 |
39,628,518,765 |
34,863,903,628 |
|
Operating Income |
12,514,154,572 |
33,529,931,453 |
33,168,484,751 |
|
Other Income |
812,198,856 |
1,090,791,741 |
1,541,953,943 |
|
Other Expenses |
591,679,071 |
1,249,920,921 |
157,896,218 |
|
Finance Income |
3,933,078,772 |
6,873,404,946 |
5,306,362,558 |
|
Finance Expenses |
2,965,328,722 |
5,106,726,859 |
5,998,162,396 |
|
Income Before Taxes |
13,702,424,407 |
35,137,480,360 |
33,860,742,638 |
|
Income Taxes Expenses |
3,770,136,433 |
7,027,677,549 |
7,489,274,107 |
|
Net Income |
9,932,287,974 |
28,109,802,811 |
26,371,468,531 |
|
Cash Flows |
|||
|
Unit : Korean
Won |
01/01/2014~06/30/2014 |
As of
12/31/2013 |
As of
12/31/2012 |
|
Operating
Activities Cash Flows |
13,212,575,561 |
36,064,751,238 |
60,440,655,287 |
|
Net
Income |
9,932,287,974 |
28,109,802,811 |
26,371,468,531 |
|
Adjustment |
6,530,406,673 |
14,390,080,178 |
37,430,732,188 |
|
Interests
Received |
1,087,524,334 |
2,537,886,847 |
2,810,253,827 |
|
Dividends
Received |
|
1,331,877,503 |
727,266,737 |
|
Income
Taxes |
-2,842,850,611 |
-8,098,518,130 |
-3,289,546,625 |
|
Interests
Paid |
-1,494,792,809 |
-2,206,377,971 |
-3,609,519,371 |
|
Cash
Flows from Investing |
-17,293,389,490 |
-22,417,775,065 |
-21,997,892,168 |
|
Cash
Inflow from Investing |
87,335,324,156 |
169,284,278,101 |
191,259,775,696 |
|
Cash
Outflows for Investing |
-104,628,713,646 |
-191,702,053,166 |
-213,257,667,864 |
|
Cash
Flows from Financing |
4,290,986,317 |
-11,386,673,240 |
-41,828,429,844 |
|
Cash
Inflows from Financing |
86,278,534,255 |
206,954,849,510 |
277,396,279,811 |
|
Cash
Outflows from Financing |
-81,987,547,938 |
-218,341,522,750 |
-319,224,709,655 |
|
Increase/Decrease
in Cash |
206,675,030 |
2,260,448,275 |
-3,385,686,848 |
|
Cash
at the Beginning of Year |
4,266,347,473 |
2,005,899,198 |
5,391,586,046 |
|
Cash
at the End of Year |
4,473,022,503 |
4,266,347,473 |
2,005,899,198 |
Products,
Technologies, Services Description
|
Main Products
& Services |
Epoxy Bisphenol-A Type Epoxy Resin Bisphenol-F Type Epoxy Resin Hydrogenated Bisphenol-A Type Epoxy Resin Brominated Epoxy Resin Non-halogen Flame Retardant Epoxy Resin Novolac Epoxy Resin Flexibile Epoxy Resin UV Curing Type Epoxy Resin Low Temperature Curing Type Epoxy Resin Phenoxy Resin Epoxy Resin for P.C.M Epoxy Modified Polyol(Isocyanate Curing
Type) Filament Winding, Laminating Epoxy Resin Molding Epoxy Resin Reactive Diluent Tri-functional Epoxy Resin Tetra-Functional Epoxy Resin Special Type Epoxy Resin Waterborne Epoxy Resin New Product Hardener Polyamide&Amidoamine Type Polyamide Adduct Type Aliphatic amine Modified Type Cycloaliphatic Amine Modified Type Aromatic Amine Modified Type Waterborne Curing Agent Amine & Anhydride Hardener Brand Name :
YD-128, KDC-250, ECH |
|
Detailed
Products Spec. |
|
|
Technologies
Acquired |
|
Trade Partners &
Competitors
|
Suppliers |
LG CHEM
LTD.(110111-2207995) KUMHO P&B
CHEMICALS, INC.(206211-0018313) DOW CHEMICAL KOREA
LTD.(110111-0879019) SAMSUNG FINE
CHEMICALS CO., LTD(181211-0000013) HANWHA
CHEMICAL CORPORATION(110111-0360935) |
|
Customers |
CHEIL INDUSTRIES INC.(170111-0000076) KCC Corporation(110111-0221814) SAMHWA PAINT INDUSTRIAL CO., LTD.(110111-0014433) |
|
Competitors |
KUMHO P&B
CHEMICALS, INC.(206211-0018313) 319,
HWACHI-DONG, YEOSU-SI, JEOLLANAM-DO, KOREA TEL:+82-61-688-3500 FAX:+82-61-688-3505 HEXION
SPECIALTY CHEMICALS KOREA CO., LTD.(230111-0085231) 580-3,
HWASAN-RI, ONSAN-EUP, ULJU-GUN, ULSAN, KOREA TEL:+82-52-231-5046 FAX:+82-52-231-5028 DOW CHEMICAL
KOREA LTD.(110111-0879019) 20TH FL., CITY
AIR TOWER, 159-9, SAMSEONG 1-DONG, GANGNAM-GU, SEOUL, KOREA TEL:+82-2-3490-0700 FAX:+82-2-3490-4305 DOW CHEMICAL NANYA HEXION
SPECIALTY CHEMICALS (*) The
Subject is ranked as 1st player as about 60.0% domestic market
shares. |
Related Parties
(Subsidiaries, Joint-Venture & Affiliates)
|
Affiliates |
ILDO CHEMICAL
CO., LTD.(110111-5065952) |
|
Overseas
Office |
|
|
Liaison Office |
|
|
Overseas
Branch |
|
|
Joint Venture |
|
|
Subsidiary |
HAJIN CHEMTECH
CO., LTD.(184611-0029377) (100.0% held
by the subject company) KUKDO FINE
CHEMICAL CO., LTD.(154311-0001111) (100.0% held
by the subject company) KUKDO CHEMICAL
KUNSHAN CO., LTD.(CHINA) (90.0% held by
the subject company) NO. 1
SHANPUZHONG ROAD, QIAN DONG TOWN, KUNSHAN CITY, JIANGSUPROVINCE, CHINA TEL:+86-512-5746-0881
FAX:+86-512-5746-0886 |
|
Corporate
Ownership |
|
|
Major
Shareholders |
|
|
Cooperative
Enterprise |
-Manufacturing
Cooperation KUKDO FINE
CHEMICAL CO., LTD.(154311-0001111) is agreed to manufacture for the subject
company. |
Sales by Region
(Activity & Markets)
|
Sales/ Unit
:Mil KRW |
09/2011 |
2010 |
2009 |
|
Export |
337,719 |
391,098 |
248,728 |
|
Domestic |
186,120 |
232,776 |
156,508 |
|
Total |
523,839 |
623,874 |
405,236 |
The Subject
exports to North & South America, Japan, China, South-East Asia, Europe and
Middle East. It imports BPA from Japan,
Netherlands, Israel and Taiwan.
Court Action
No.
--
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.61.39 |
|
|
1 |
Rs.98.00 |
|
Euro |
1 |
Rs.76.99 |
INFORMATION DETAILS
|
Analysis Done by
: |
SUM |
|
|
|
|
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.