|
Report Date : |
06.11.2014 |
IDENTIFICATION DETAILS
|
Name : |
YOUNG POONG CORPORATION |
|
|
|
|
Registered Office : |
542, Gangnam-daero, Gangnam-gu, Seoul, Korea Youngpoong Bldg 135-749 |
|
|
|
|
Country : |
South
Korea |
|
|
|
|
Financials (as on) : |
30.06.2014 |
|
|
|
|
Date of Incorporation : |
25.11.1949 |
|
|
|
|
Com. Reg. No.: |
211-81-11275 |
|
|
|
|
Legal Form : |
Listed Company |
|
|
|
|
Line of Business : |
Manufacture of Smelting, Refining and Alloys of Lead, Zinc
and Tin |
|
|
|
|
No. of Employees : |
580 |
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 |
YOUNG POONG
CORPORATION (Korean Company Name : “(주)영풍”) |
|
Registered
Address |
542, Gangnam-daero, Gangnam-gu, Seoul, Korea |
|
Building |
Youngpoong Bldg. |
|
Zip Code |
135-749 |
|
Tel |
+82-2-519-3314 |
|
Fax |
+82-2-548-8505 |
|
E-mail |
webmaster@ypzinc.co.kr |
|
Website |
www.ypzinc.co.kr |
|
Trading Address |
Youngpoong Bldg., 542, Gangnam-daero, Gangnam-gu, Seoul, Korea (Old Address System : Youngpoong Bldg., 142, Nonhyeon 1-dong, Gangnam-gu, Seoul, Korea) |
|
Tel |
+82-2-519-3314 |
|
Fax |
+82-2-548-8505 |
|
Other Address-Anseong Battery Factory |
282, Naegacheon-ri, Wongok-myeon, Anseong-si, Gyeonggi-do, Korea |
|
Tel |
+82-31-656-6501~8 |
|
Fax |
+82-31-656-6505 |
|
Other Address-Sukpo Zinc Refinery |
555, Seokpo-ri, Seokpo-myeon, Bonghwa-gun, Gyeongsangbuk-do, Korea |
|
Tel |
+82-54-679-7200 |
|
Fax |
+82-54-672-3815 |
|
Other Address-Branch |
San 68-7, Sanha-ri, Wongok-myeon, Anseong-si, Gyeonggi-do, Korea |
|
Tel |
+82-31-611-5793 |
|
Fax |
+82-31-611-5796 |
|
Type |
Export/Import |
|
Industry |
Manufacture of Smelting, Refining and Alloys of Lead, Zinc
and Tin |
|
Main Business |
Zinc Ingot, Batteries, Sulfuric Acid, Alksline Battery,
Ni-MH Battery |
|
Sub Business |
Manufacture of Accumulators |
|
Established
(mm/dd/yyyy) |
11/25/1949 |
Detailed Products
|
Activity |
Detailed
Products (UNSPSC) |
|
Sell |
Cafeteria services(90101700) |
|
Sell |
Rechargeable batteries(26111701) |
|
Sell |
Inorganic acids(12352301) |
|
Sell |
Zinc ingots(30103404) |
|
Sell |
Chemicals including Bio Chemicals and Gas Materials(12000000) |
|
Sell |
Alkaline batteries(26111702) |
|
Sell |
Rechargeable batteries(26111701) |
|
Sell |
Dry cell batteries(26111705) |
CEO’s
|
Name |
Kim Myung-Soo |
|
Address |
|
|
Date of Birth |
08/13/1952 |
|
Title |
Vice President
& CEO |
|
Sex |
Male |
|
Nationality |
Korean |
Profiles
|
Capital (KRW) |
9,210,200,000 |
|||||||||||||||||||||||||||||||||||||||
|
Employees |
580 |
|||||||||||||||||||||||||||||||||||||||
|
Formation |
Listed Company
(Korea Stock Exchange : 000670) as of 06/13/1976 A Company of YOUNG POONG GROUP |
|||||||||||||||||||||||||||||||||||||||
|
Bank Details |
Shinhan
Bank-Nonhyun Dong Branch |
|||||||||||||||||||||||||||||||||||||||
|
Corporate
Registered No. |
110111-0003824 |
|||||||||||||||||||||||||||||||||||||||
|
Business
Registered No. |
211-81-11275 |
|||||||||||||||||||||||||||||||||||||||
|
Permit &
Licenses |
Int’l Trade
No.: 670076 |
|||||||||||||||||||||||||||||||||||||||
|
Shareholder
Position |
|
|||||||||||||||||||||||||||||||||||||||
|
Company
History |
11/25/1949
Incorporated as Young
Poong Industry(Partnership Company) 10/1970
Changed company name to Young Poong Commerce, Co., Ltd. 02/1978
Changed company name to the present name 12/2008 Awarded US$ 500 Million Export Top Prize |
|||||||||||||||||||||||||||||||||||||||
|
|
|
Management
|
Job
Description |
Title |
Name |
Nationality |
Date of Birth |
Education |
|
Chairman & CEO |
Mr. |
Chang
Hyung-Jin |
Korean |
1946.06.06. |
Yonsei
University, Korea |
|
Vice President & CEO |
Mr. |
Kim Myung-Soo |
Korean |
1952.08.13 |
Kyungbuk
University, Korea |
|
Sr. Executive Director & CEO |
Mr. |
Min Kyung-Ryul |
Korean |
1954.03. |
Korea
University, Korea |
|
Director |
Mr. |
Choi Chang-Gul |
Korean |
1941.11.11 |
Seoul National
University, Korea |
|
Sr. Executive Director |
Mr. |
Kang Sung-Doo |
Korean |
1959.11. |
Seoul National
University, Korea |
|
Outside Director |
Mr. |
Chang Sung-Ki |
Korean |
1941.09.19 |
Kunkook
University, Korea |
|
Auditor |
Mr. |
Kim Jung-Won |
Korean |
1962.10. |
Hanyang
University, Korea |
|
Auditor |
Mr. |
Sung
Byung-Joon |
Korean |
1958.09. |
- |
|
Year / Unit :
KRW |
Sales |
Assets |
Net Income |
|
(*)06/2014 |
479,689,906,626 |
2,117,442,596,662 |
31,642,020,425 |
|
(*)2013 |
1,054,283,881,050 |
1,980,714,663,210 |
71,428,566,104 |
|
(*)2012 |
1,106,795,683,457 |
1,994,976,031,372 |
104,130,469,571 |
|
(*)2011 |
1,036,692,168,293 |
1,975,179,569,166 |
54,676,295,949 |
|
2010 |
879,813,737,152 |
1,739,675,782,527 |
188,586,461,217 |
|
2009 |
669,989,894,563 |
1,497,046,652,997 |
143,815,215,647 |
|
2008 |
750,085,073,287 |
1,306,747,185,873 |
141,190,794,480 |
|
2007 |
904,109,352,670 |
1,276,075,609,330 |
165,073,011,820 |
|
2006 |
769,496,121,327 |
1,304,947,449,864 |
113,665,662,196 |
|
2005 |
410,585,587,289 |
970,866,998,934 |
32,488,156,007 |
|
2004 |
367,943,059,994 |
815,293,998,888 |
51,384,055,063 |
(*)Figures are based on the K-IFRS
Accounting System.
Financial Description
|
Authorized
Capital(KRW) |
35,000,000,000 |
|
Paid-Up
Capital(KRW) |
9,210,200,000 |
|
Total Issued
Shares |
1,842,040 |
|
Balance Sheet |
|||
|
Unit : Korean
Won |
01/01/2014~06/30/2014 |
As of
12/31/2013 |
As of
12/31/2012 |
|
Total
Assets |
2,117,442,596,662 |
1,980,714,663,210 |
1,994,976,031,372 |
|
Current
Assets |
392,070,592,802 |
266,782,383,639 |
331,762,021,872 |
|
Cash
& Cash Equivalents |
62,652,343,529 |
27,228,039,582 |
27,430,403,260 |
|
Other
Financial Assets |
21,284,210,675 |
38,768,266,256 |
78,198,524,222 |
|
Trade
Receivables & Other Receivables |
65,683,927,576 |
24,338,416,914 |
34,546,586,389 |
|
Other
Current Assets |
11,219,578,670 |
16,797,964,893 |
13,370,878,343 |
|
Inventories |
231,230,532,352 |
159,649,695,994 |
178,215,629,658 |
|
Non-Current
Assets |
1,725,372,003,860 |
1,713,932,279,571 |
1,663,214,009,500 |
|
Marketable
Financial Instruments |
22,016,704,816 |
22,425,327,476 |
34,193,995,080 |
|
Other
Financial Assets |
7,514,790,239 |
7,424,075,303 |
7,312,308,847 |
|
Investment_Related
Companies |
774,402,428,278 |
774,402,428,278 |
748,530,898,448 |
|
Investment_Real
Estates |
479,131,312,774 |
480,617,241,930 |
483,589,100,247 |
|
Tangibles |
434,545,835,824 |
421,315,234,555 |
384,851,686,463 |
|
Intangibles |
7,585,542,075 |
7,506,477,629 |
4,337,244,817 |
|
Other
Non-Current Assets |
175,389,854 |
241,494,400 |
398,775,598 |
|
Total
Liabilities |
523,226,370,037 |
404,899,188,024 |
471,763,413,426 |
|
Current
Liabilities |
179,755,838,847 |
57,980,200,180 |
136,536,122,896 |
|
Trade
Payables & Other Payables |
75,379,540,638 |
43,637,061,562 |
52,528,565,846 |
|
Short-Term
Borrowings |
93,941,008,544 |
7,226,897,500 |
63,195,852,791 |
|
Other
Current Financial Debts |
1,159,768,279 |
1,634,984,053 |
1,620,197,258 |
|
Other
Current Liabilities |
2,357,561,650 |
1,815,828,159 |
1,080,178,417 |
|
Deferred
Income Tax Credit |
6,917,959,736 |
3,665,428,906 |
18,111,328,584 |
|
Non-Current
Liabilities |
343,470,531,190 |
346,918,987,844 |
335,227,290,530 |
|
Long-Term
Borrowings |
59,427,477,000 |
63,510,147,000 |
51,298,930,000 |
|
Other
Non-Current Financial Debts |
30,696,878,192 |
30,008,114,418 |
25,716,007,476 |
|
Provision
for Severance & Retirement |
4,388,847,320 |
3,518,466,163 |
5,706,908,446 |
|
Deferred
Income Tax Credit |
248,957,328,678 |
249,882,260,263 |
252,505,444,608 |
|
Capital
Stock |
9,210,200,000 |
9,210,200,000 |
9,210,200,000 |
|
Capital
Surplus |
1,807,717,500 |
1,807,717,500 |
1,807,717,500 |
|
Treasury Stock |
-17,461,324,328 |
-17,461,324,328 |
-17,461,324,328 |
|
Profit
Surplus |
1,597,083,864,957 |
1,578,342,849,532 |
1,520,868,017,364 |
|
Others |
3,575,768,496 |
3,916,032,482 |
8,788,007,410 |
|
Total
Equity |
1,594,216,226,625 |
1,575,815,475,186 |
1,523,212,617,946 |
|
Liab.
& Shareholder’s Equity |
2,117,442,596,662 |
1,980,714,663,210 |
1,994,976,031,372 |
|
Income Statement |
|||
|
Unit : Korean
Won |
01/01/2014~06/30/2014 |
As of
12/31/2013 |
As of
12/31/2012 |
|
Sales |
479,689,906,626 |
1,054,283,881,050 |
1,106,795,683,457 |
|
Cost
of Sold Goods |
453,125,222,581 |
962,423,252,479 |
984,760,406,348 |
|
Gross
Profit |
26,564,684,045 |
91,860,628,571 |
122,035,277,109 |
|
Selling
& Admin. Expenses |
21,767,165,367 |
41,024,054,861 |
41,770,459,003 |
|
Operating
Income |
4,797,518,678 |
50,836,573,710 |
80,264,818,106 |
|
Other
Income |
7,719,719,560 |
15,823,273,120 |
18,061,596,543 |
|
Other
Expenses |
2,358,544,265 |
13,341,323,496 |
7,835,809,604 |
|
Finance
Income |
28,318,511,357 |
38,569,572,228 |
42,407,651,720 |
|
Finance
Expenses |
475,237,780 |
1,685,414,812 |
3,097,618,303 |
|
Income
Before Taxes |
38,001,967,550 |
90,202,680,750 |
129,800,638,462 |
|
Income
Taxes Expenses |
6,359,947,125 |
18,774,114,646 |
25,670,168,891 |
|
Net
Income |
31,642,020,425 |
71,428,566,104 |
104,130,469,571 |
|
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 |
-20,030,202,602 |
88,902,763,799 |
108,494,850,163 |
|
Net
Income |
31,642,020,425 |
71,428,566,104 |
104,130,469,571 |
|
Adjustment |
2,071,462,476 |
40,352,970,754 |
38,355,786,243 |
|
Changes
in Asset/ & Liability |
-78,064,812,386 |
-5,651,322,990 |
-36,977,518,201 |
|
Interests
Received |
1,878,734,474 |
5,364,615,250 |
5,496,421,846 |
|
Interests
Paid |
-402,535,120 |
-1,653,532,187 |
-3,096,625,101 |
|
Dividends
Received |
26,768,642,315 |
25,914,168,650 |
31,655,345,650 |
|
Dividends
Paid |
|
-12,901,005,000 |
-15,051,172,500 |
|
Income
Taxes |
-3,923,714,786 |
-33,951,696,782 |
-16,017,857,345 |
|
Cash
Flows from Investing |
-15,791,561,224 |
-49,639,371,904 |
-139,245,279,587 |
|
Cash
Inflow from Investing |
37,001,000,000 |
175,146,366,904 |
26,120,945,177 |
|
Cash
Outflows for Investing |
-52,792,561,224 |
-224,785,738,808 |
-165,366,224,764 |
|
Cash
Flows from Financing |
71,246,075,772 |
-39,465,631,349 |
-52,744,713,171 |
|
Cash
Inflows from Financing |
172,007,089,562 |
65,504,176,800 |
76,398,401,220 |
|
Cash
Outflows from Financing |
-100,761,013,790 |
-104,969,808,149 |
-129,143,114,391 |
|
Increase/Decrease
in Cash |
35,424,311,946 |
-202,239,454 |
-83,495,142,595 |
|
Cash
at the Beginning of Year |
27,228,039,582 |
27,430,403,260 |
110,925,792,121 |
|
Cash
at the End of Year |
62,652,343,529 |
27,228,039,582 |
27,430,403,260 |
Products,
Technologies, Services Description
|
Main Products
& Services |
Non-Ferrous
Metal Refinery -Zinc Ingot -Zinc Alloy
for Galvanizing -Zinc Alloy
for Die Casting -Sulfuric Acid -Cadmium Stick -Copper
Sulfate Rechargeable
Batteries -Alkaline
Battery -Ni-MH Battery -Manganese
Battery |
|
Detailed
Products Spec. |
|
|
Technologies
Acquired |
|
Trade Partners &
Competitors
|
Suppliers |
BAIKSAN METAL
CO., LTD.(180111-0076091) |
|
Customers |
|
|
Competitors |
POONG JEON
NONFERROUS METAL CO., LTD. 8B-4L, 680-3, GYEONGSEO-DONG,
SEO-GU, INCHEON, KOREA TEL:+82-32-561-9111 FAX:+82-32-561-9118 SANGSHIN
METALLIC CO., LTD. 4MA-402-2,
SIHWA INDUSTRIAL COMPLEX, 701-3, SEONGGOK-DONG, DANWON-GU, ANSAN-SI,
GYEONGGI-DO, KOREA TEL:+82-31-499-4011 FAX:+82-31-499-4016 PJ ALTEK CO.,
LTD. 1B-4L, INCHEON
WEST INDUSTRIAL COMPLEX, 682-3, GYEONGSEO-DONG, SEO-GU, INCHEON, KOREA TEL:+82-32-561-0787 FAX:+82-32-561-0789 |
Related Parties
(Subsidiaries, Joint-Venture & Affiliates)
|
Affiliates-Domestic |
KOREA ZINC INC.(110111-0168404) (26.91% held
by the subject company) KOREA NICKEL
CORP.(110111-0529482) (13.0% held by
the subject company) KOREA CIRCUIT
CO., LTD.(130111-0026749) (32.39% held
by the subject company) INTERFLEX CO.,
LTD.(135011-0042924) (17.67% held
by the subject company) YOUNG POONG
ELECTRONICS CO., LTD.(135011-0032106) (100.0% held
by the subject company) YOUNG POONG
BOOK STORE CO., LTD.(110111-0855530) (34.0% held by
the subject company) SIGNETICS
CORP.(110111-0070815) (25.58% held
by the subject company) KG
INTERNATIONAL CORPORATION(110111-4252807) SORIN I &
T CO., LTD.(110111-1260077) KG GREENTECH
CO.,LTD.(230111-0164077) STI
CORP.(115611-0019652) CLEAN KOREA
CO., LTD.(134711-0004996) YOUNGPOONG
CORPORATION(110111-0003824) YOUNG POONG
PRECISION CORPORATION(110111-0342496) SEWON TEXTILE
CO., LTD.(110111-0318760) TERRANIX CO.,
LTD.(135011-0042950) SORIN
CORPORATION(110111-0365068) YOUNG POONG
DEVELOPMENT CO., LTD.(110111-0612914) YOOMI
DEVELOPMENT CO., LTD.(110111-0235542) SORIN INVESTMENT
DEVELOPMENT CORPORATION(110111-0074544) KORYO HEAVY
EQUIPMENT CO., LTD.(181211-0020558) KG ENGINEERING
CO., LTD.(110111-2102153) ALANTUM
CORPORATION(131111-0215078) XMETECH CO.,
LTD.(131111-0238400) |
|
Affiliates-Overseas |
YP JAPAN
CORP.(JAPAN) (100.0% held
by the subject company) CHINA
CIRCUIT(TIANJIN) CO., LTD.(CHINA) KZ - PRANDA
CO., LTD.(THAILAND) KZ MINERALS
BOLIVIA S.A.(BOLIVIA) PAN PACIFIC
METAL MINING CORP.(CANADA) COLWELL
KENNEDY AUSTRALIA PTY., LTD.(AUSTRALIA) SUN METALS HOLDING
PTY., LTD.(AUSTRALIA) SUN METALS
CORP., PTY., LTD.(AUSTRALIA) ALANTUM EUROPE
GMBH(GERMANY) IATM(DALIAN)
CO., LTD.(CHINA) IATM(SHENYANG)
CO., LTD.(CHINA) ALANTUM ADVANCED MATERIAL AND TECHNOLOGY (SHANGHAI) CO.,LTD, AATM(DALIAN) CO.,LTD. AATM(SHENYANG) CO.,LTD. KZI SINGAPORE PTE. LTD. PT. KZI INDONESIA |
|
Overseas
Office |
|
|
Liaison Office |
|
|
Overseas
Branch |
|
|
Joint Venture |
|
|
Subsidiary |
YOUNG POONG
ELECTRONICS CO., LTD.(135011-0032106) (100.0% held
by the subject company) YOUNG POONG BOOK
STORE CO., LTD.(110111-0855530) (34.0% held by
the subject company) YOUNG POONG
DEVELOPMENT CO., LTD.(110111-0612914) SIGNETICS
CORP.(110111-0070815) (25.58% held
by the subject company) KOREA CIRCUIT
CO., LTD.(130111-0026749) (32.39% held by
the subject company) INTERFLEX CO.,
LTD.(135011-0042924) (17.67% held
by the subject company) TERRANIX CO.,
LTD.(135011-0042950) YP JAPAN
CORP.(JAPAN) (100.0% held
by the subject company) FL.8TH.KOGYO BLDG. KANDA, HIGASHI MATSUSHITA-CHO,
CHIYODA-KU, TOKYO, JAPAN CHINA
CIRCUIT(TIANJIN) CO., LTD.(CHINA) DAGANG ECONOMIC TECH-NOLOGY DEVELOPMENT AREA,TAINJIN,
CHINA |
|
Corporate
Ownership |
|
|
Major
Shareholders |
|
|
Cooperative
Enterprise |
-Insured
Company HANWHA GENERAL INSURANCE CO., LTD.(110111-0006456) |
Sales by Region
(Activity & Markets)
|
Sales/ Unit
:Mil KRW |
09/2011 |
2010 |
2009 |
|
Export |
417,152 |
479,641 |
383,975 |
|
Domestic |
357,800 |
400,173 |
286,015 |
|
Total |
774,952 |
879,814 |
669,990 |
The Subject
imports from Australia, Peru and USA.
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
: |
KAR |
|
|
|
|
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.