|
Report Date : |
28.10.2014 |
IDENTIFICATION DETAILS
|
Name : |
HONG KONG HAILIANG METAL TRADING LTD. |
|
|
|
|
Registered Office : |
C/o Hongkong Manager & Secretaries Ltd., Unit 1607-1608, 16/F., Citicorp
Centre, 18 Whitfield Road, Causeway Bay. |
|
|
|
|
Country : |
Hongkong |
|
|
|
|
Date of Incorporation : |
09.12.2006 |
|
|
|
|
Com. Reg. No.: |
37455614 |
|
|
|
|
Legal Form : |
Private Limited Company |
|
|
|
|
Line of Business : |
Importer, exporter and wholesaler of copper tubes, copper fittings,
other copper or brass
products. |
|
|
|
|
No. of Employees : |
NIL |
RATING & COMMENTS
|
MIRA’s Rating : |
Ca |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
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 |
|
Status : |
No Operating Office in Hongkong |
|
|
|
|
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 – June 1, 2014
|
Country Name |
Previous Rating (31.03.2014) |
Current Rating (01.06.2014) |
|
Hongkong |
A1 |
A1 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
|
Moderate |
B1 |
|
High |
B2 |
|
Very High |
C1 |
|
Restricted |
C2 |
|
Off-credit |
D |
HONGKONG - 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 has no tariffs on imported goods, and it levies excise
duties on only four commodities, whether imported or produced locally: 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, its continued reliance
on foreign trade and investment leaves it vulnerable to renewed global
financial market volatility or a slowdown in the global economy. 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 12% of total system
deposits in Hong Kong by the end of 2013. 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 total trade 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. Credit expansion and tight housing supply conditions have caused Hong
Kong property prices to rise rapidly; consumer prices increased by more than 4%
in 2013. 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. In 2013, Hong
Kong and China signed new agreements under the Closer Economic Partnership
Agreement, adopted in 2003 to forge closer ties between Hong Kong and the
mainland. The new measures, effective from January 2014, cover services and
trade facilitation, and will improve access to the mainland's service sector
for Hong Kong-based companies.
|
Source
: CIA |
[Your enquiry
given as:-
HONGKONG HAILIANG
METAL TRADING LTD. with former address located at:
C/o Hongkong Manager & Secretaries Ltd.
Room 3401-3402, 34/F., AIA Tower,
183 Electric Road, North Point, Hong Kong.]
HONG KONG
HAILIANG METAL TRADING
LTD.
ADDRESS: C/o Hongkong
Manager & Secretaries Ltd.
Unit 1607-1608,
16/F., Citicorp Centre, 18 Whitfield Road, Causeway Bay, Hong Kong.
PHONE: 852-3528
0290
FAX: Not
available.
Managing Director: Mr. Jiang Lirong
Incorporated on: 9th December, 2006.
Organization: Private Limited Company.
Capital: Nominal:
HK$233,220,000.00
Issued: HK$233,220,000.00
Business Category: Importer,
Exporter and Wholesaler.
Group Turnover: RMB13,094,760,298.10
Yuan (Year ended 31-12-2013)
Company Turnover: RMB4,012,380,051.22
Yuan
(6 months ended
30-06-2014)
Employees: Nil.
Main Dealing Banker: HSBC Bank
(China) Co. Ltd., China.
Banking Relation: Fairly satisfactory.
Registered Head
Office:-
c/o Hongkong Manager & Secretaries Ltd.
Unit 1607-1608, 16/F., Citicorp Centre, 18 Whitfield Road, Causeway Bay,
Hong Kong.
Holding Company:-
Zhejiang Hailiang Co. Ltd., China.
Ultimate Holding
Company:-
Hailiang Group Co. Ltd., China.
Associated
Companies:-
Bank of Ningxia Co. Ltd., China.
Hailiang (Africa) Mining Investment Co. Ltd., British Virgin Islands.
Hailiang (Anhui) Copper Co. Ltd., China.
Hailiang (Vietnam) Copper Co. Ltd., Vietnam.
Hailiang Group (USA) Inc., USA.
Hailiang Group Finance Co. Ltd., China.
Honghe Henghao Mining Co. Ltd., China.
Hongkong Hailiang Metal Materials Co. Ltd., Hong Kong.
Jinchuan Group Co. Ltd., China.
Shanghai Hailiang Copper Co. Ltd., China.
Vietnam Hailiang Metal Products Manufacturing Co. Ltd., Vietnam.
Zhejiang Hailiang International Trade Co. Ltd., China.
Zhejiang Keyu Metal Material Co. Ltd., China.
Zhuji City Haibo Microcredit Co. Ltd., China.
etc.
37455614
1094229
Managing Director: Mr. Jiang Lirong
Nominal Share Capital: HK$233,220,000.00
(Divided into 233,220,000 shares of HK$1.00 each)
Issued Share Capital: HK$233,220,000.00
(As per registry
dated 09-12-2013)
|
Name |
|
No. of shares |
|
Zhejiang Hailiang Co. Ltd. Diankou, Zhuji, Zhejiang Province, China. |
|
233,220,000 ========= |
(As per registry
dated 09-12-2013)
|
Name (Nationality) |
Address |
|
JIANG Lirong |
Shengling 676, Anchang Town, Shaoxing, Zhejiang Province, China. |
(As per registry
dated 09-12-2013)
|
Name |
Address |
Co. No. |
|
Hongkong Managers & Secretaries Ltd. |
Unit 1607-1608, 16/F., Citicorp Centre, 18 Whitfield Road,
Causeway Bay, Hong Kong. |
0020984 |
The subject was incorporated on 9th December, 2006 as a private limited
liability company under the Hong Kong Companies Ordinance.
Formerly the subject’s registered office was located at Room 1005, 10/F.,
Railway Plaza, 39 Chatham Road, Tsimshatsui, Kowloon, Hong Kong, while its head
office was located at Flat D, 15/F., Celeste Court, 12 Fung Fai Terrace, Happy Valley, Hong Kong, moved
to Room 3401-3402, 34/F., AIA Tower, 183 Electric Road, North Point,
Hong Kong in June 2010 and further to the present address in
September 2013.
Apart from these, neither material change nor amendment has been ever
traced and noted.
Activities: Importer,
Exporter and Wholesaler.
Lines: Copper
tubes, copper fittings, other
copper or brass products, etc
Employees: Nil.
Commodities Imported: India,
Europe, etc.
Markets: China,
Japan, other Asian countries, Europe, etc.
Group Turnover:
RMB
6,052,315,951.24 Yuan (Year ended
31-12-2009)
RMB 9,052,592,859.38
Yuan (Year ended 31-12-2010)
RMB11,877,884,365.59 Yuan (Year ended 31-12-2011)
RMB10,349,952,665.33 Yuan (Year ended 31-12-2012)
RMB13,094,760,298.10 Yuan (Year ended 31-12-2013)
RMB
6,063,499,975.69 Yuan (6 months
ended 30-06-2014)
Company Turnover:
RMB5,902,284,100 Yuan (Year ended 31-12-2011)
RMB6,297,470,868 Yuan (Year ended 31-12-2012)
Not Available (Year ended 31-12-2013)
RMB4,012,380,051 Yuan (6 months ended 30-06-2014)
Terms/Sales: L/C, T/T, etc.
Terms/Buying: L/C, T/T, D/P, etc.
Nominal Share Capital: HK$233,220,000.00
(Divided into 233,220,000
shares of HK$1.00 each)
Issued Share Capital: HK$233,220,000.00
Increase of Nominal Capital:-
|
From |
HK$23,000,000.00 |
to |
HK$233,220,000.00 |
on |
31-12-2008 |
Alternation of Issued Capital:-
|
09-12-2006 |
paid up |
HK$ 23,000,000.00 |
|
31-12-2008 |
paid up |
HK$210,220,000.00 |
|
|
|
––––––––––––––––– |
|
Total: |
paid up |
HK$233,220,000.00 =============== |
Mortgage or Charge: (See attachment)
Indebtedness: US$16,554,885.15 (Total amount outstanding on all mortgages
and charges as per last Annual Return
dated 09-12-2013)
Group Net Profit:
RMB175,420,550.96 Yuan (Year ended 31-12-2009)
RMB236,855,390.09 Yuan (Year ended 31-12-2010)
RMB229,374,812.24 Yuan (Year ended 31-12-2011)
RMB233,529,188.92 Yuan (Year ended 31-12-2012)
RMB288,514,503.06 Yuan (Year ended 31-12-2013)
RMB249,729,642.47 Yuan (6 months ended 30-06-2014)
Company Net Profit/(Loss):-
RMB21,596,000 Yuan (Year ended 31-12-2011)
(RMB22,756,819) Yuan (Year ended 31-12-2012)
Not Available (Year ended 31-12-2013)
RMB31,267,366 Yuan (6 months ended 30-06-2014)
Company Total Assets:
RMB
819,695,400 Yuan (As at
31-12-2011)
RMB
513,047,979 Yuan (As at
31-12-2012)
RMB1,073,889,654 Yuan (6 months ended 30-06-2014)
Company Net Assets:
RMB183,664,800 Yuan (As at 31-12-2011)
RMB161,685,758 Yuan (As at 31-12-2012)
RMB177,551,470 Yuan (6 months ended 30-06-2014)
Profit or Loss: Group
makes a profit every year.
Condition: Group keeps in a satisfactory
manner.
Facilities: Adequate for current
running.
Payment: Met trade commitments as contracted.
Commercial Morality: Satisfactory.
Bankers:-
The Hongkong & Shanghai Banking Corp.
Ltd., Hong Kong.
China Construction Bank Corporation,
Hong Kong Branch.
Standard Chartered Bank (Hong Kong)
Ltd., Hong Kong.
Australia & New Zealand Banking Group
Ltd., Hong Kong Branch.
HSBC Bank (China) Co. Ltd., China.
Standing: Small.
Having issued 233,220,000 ordinary shares of HK$1.00 each, Hong Kong
Hailiang Metal Trading Ltd. is a wholly owned subsidiary of Zhejiang Hailiang
Co. Ltd. [Hailiang] which is a China-based firm. The only director of the subject Jiang Lirong
is a China ID holder. Currently he is
residing in Shaoxing City, Zhejiang Province, China.
The subject does not have its own operating office. Its registered office is in a commercial
service firm located at Unit 1607-1608, 16/F., Citicorp Centre,
18 Whitfield Road, Causeway Bay, Hong Kong known as Hongkong Managers
& Secretaries Ltd. which is handling its correspondences and documents.
Hongkong Managers & Secretaries Ltd. is also the corporate secretary of the
subject. The subject has no employees in
Hong Kong.
The subject’s parent Hailiang is one of the largest manufacturers for
copper and copper alloy products such as copper tube, brass tube, copper
fittings, brass fittings, copper alloy tube, copper water tube, insulated
copper tubes and plastic-coated copper tubes, brass rods, etc. The annual production capacity of Hailiang is
over 180,000 tons. It has got the ISO
9001 certification and also the certifications approved for different products
in different markets such as NSF, UPC, WHI and KITEMARK, SAI, SGS, SABS,
C-TPAT, etc. Hailiang’s products are
able to satisfy the requirements of various customers. One of Hailiang’s US customers is Abco Metals
Inc. Hailiang’s products are usually
shipped by Shanghai Hailiang Copper Co. Ltd.
Currently, Hailiang Group has over 4,500 employees in China. Including the employees in the other
countries, the Group has about 11,900 persons.
Hailiang deals with foreign parties under the name of the subject and
let foreign firms correspond with the subject’s registered address in Hong
Kong. Hailiang also exports commodities
to foreign markets under the name of the subject and its registered address in
Hong Kong.
For the year ended 31st December, 2012, the turnover of the subject amounted
to RMB6,297.5 million Yuan and net loss was RMB22.8 million Yuan. Its sales turnover in 2013 was not
available. However, for the 6 months
ended 30th June, 2014, the turnover of the subject amounted to RMB4,012.4
million Yuan and net profit was RMB31.3 million Yuan. The subject’s business was profitable in the
first half year of 2014.
For the year ended 31st December, 2013, the turnover of the Group
amounted to RMB13,094.8 million Yuan and net profit was RMB288.5 million
Yuan. Profit margin was low in the year.
For the 6 months ended 30th June, 2014, the turnover of the Group
amounted to RMB6,063.5 million Yuan and net profit was RMB249.7 million
Yuan.
The subject is fully supported by the Group.
The sales of copper of the Group increased substantially in 2013 and
this made its turnover increased substantially as compared with FY2012. According to the Group, it sold 201,600
tonnes of copper in 2013.
For the year ended 2013, the Group had 3,957 persons.
The subject’s business in Hong Kong is not very active. History in Hong Kong is about eight
years.
Since the subject does not have its own operating office and has no
employees in Hong Kong, consider it good for business engagements in small
credit amount or on L/C basis.
|
Date |
Particulars |
Amount |
|
01-12-2008 |
Instrument: Charge Over Account Property: As beneficial owner, hereby charges by way
of first fixed charge and assigns and releases to the Bank all the Chargor’s interest
and benefit in, and rights and title to, all the deposits, funds and
interests from time to time standing to the credit of the Account Mortgagee: China Construction Bank Corporation,
Hong Kong Branch. |
The Charge is a continuing
security for the due and punctual payment or discharge of all moneys,
obligations and liabilities |
|
31-05-2011 |
Instrument: Agreement for Pledge of Receivables Property: The creditor’s rights to receivables enjoyed
at present or in the future by the Customer against Debtor(s) of Receivables
under the Underlying Transaction; the Receivables should be directly paid
into the receipt account. Transaction between Hong Kong Hailiang Metal
Trading Ltd. and the following Debtors of Receivables: 1. 99
Fitting, LLC, USA. 2. A.Y.
Mcdonald Mfg. Co., USA. 3. Admiralty
Industries, Corp., USA. 4. All
Metal Sales, Inc., USA. 5. All
States Distributors Inc., USA. 6. American
Industrial Heat Transfer, Inc., USA. 7. Arrow
Fabricated Tubing, Ltd., USA. 8. Blueridge,
USA. 9. Bramec
Corp., USA. 10. Carrier
corporation, USA. etc. Mortgagee: HSBC Bank (China) Co. Ltd., |
(i) all monies
and liabilities in any currency owing by the Customer to the Bank at any
time; (ii) interest on such monies; and (iii) all expenses of the Bank |
|
30-08-2011 |
Instrument: Agreement for Pledge of Receivables Property: The creditor’s rights to receivables enjoyed
at present or in the future by the Customer against Debtor(s) of Receivables
under the Underlying Transaction; the Receivables should be directly paid
into the receipt account. Transaction between Hong Kong Hailiang Metal
Trading Ltd. and the following Debtors of Receivables: 1. Airedale
Int Air Condition Ltd., UK. 2. Alcobre
S.A., Spain. 3. Cb
Supplies Ltd., Canada. 4. FJ-Tomo
Corporation, Taiwan. 5. International
Co for A/C & Electric Appliance Industries, Egypt. 6. Vianney
Industries, Inc., USA. 7. Poongsan
Corporation, Korea. 8. Taiwan
Hitachi Co. Ltd., Taiwna. 9. J.W.
Harris Co. Inc., USA. 10. Ultimate
Parts Co. Ltd., Thailand. etc. Mortgagee: HSBC Bank (China) Co. Ltd., |
(i) all monies
and liabilities in any currency owing by the Customer to the Bank at any
time; (ii) interest on such monies; and (iii) all expenses of the Bank |
|
21-02-2012 |
Instrument: Agreement for Pledge of Receivables Property: The creditor’s rights to receivables
enjoyed at present or in the future by the Customer against Debtor(s) of
Receivables under the Underlying Transaction; the Receivables should be
directly paid into the receipt account. Transaction between Hong Kong Hailiang
Metal Trading Ltd. and the following Debtors of Receivables: 1. Yoowon
Electronics Co. Ltd., Thailand. 2. SNC
Pyongsan Evolution Co. Ltd., Thailand. 3. Dunham-Bush
Industries Sdn Bhd, Malaysia. 4. Frimetal
S.A., Roasrio Argentina. 5. C.T.I.
Compania Tecno Industrial S.A., Chile. 6. Cem
S.A., Chile. 7. Electrolux
Home Products Italy Spa, Italy. 8. Onninen
Oy, Finland. Mortgagee: HSBC Bank (China) Co. Ltd., |
(i) all monies
and liabilities in any currency owing by the Customer to the Bank at any
time; (ii) interest on such monies; and (iii) all expenses of the Bank |
|
25-07-2012 |
Instrument: Agreement for Pledge of Receivables Property: The creditor’s rights to receivables
enjoyed at present or in the future by the Customer against Debtor(s) of
Receivables under the Underlying Transaction; the Receivables should be
directly paid into the receipt account. Transaction between Hong Kong Hailiang
Metal Trading Ltd. and the following Debtors of Receivables: 1. Sheng
Tai Brassware (Thailand) Co. Ltd., Thailand. 2. Everwell
Parts. Inc., USA. 3. American
Coil, USA. 4. Aerofin
Corporation, USA. 5. Oemtube
Assemblies, USA. 6. Dievo
Distribuicao E Comercio S/A, Brazil. 7. Industrias
Jorvan S.A., Colombia. 8. Conbraco
Industries, Inc., USA. 9. Mastertec
Holdings Ltd., Hong Kong. 10. hyssenkrupp
Materials Ca, Ltd., Canada. etc. Mortgagee: HSBC Bank (China) Co. Ltd., |
(i) all monies
and liabilities in any currency owing by the Customer to the Bank at any
time; (ii) interest on such monies; and (iii) all expenses of the Bank |
|
07-01-2013 |
Instrument: Agreement for Pledge of Receivables Property: The creditor’s rights to receivables
enjoyed at present or in the future by the Customer against Debtor(s) of
Receivables under the Underlying Transaction; the Receivables should be
directly paid into the receipt account. Transaction between Hong Kong
Hailiang Metal Trading Ltd. and the following Debtors of Receivables: 1. Infinity
Parts Co. Ltd., Thailand. 2. C.I.
Group Public Co. Ltd., Thailand. 3. Daikin
Airconditioning India Private Ltd., India. 4. Carrier
Midea India Private Ltd., India. 5. Air
& Liquid Systems Corporation, US. 6. Coremetals
LLC, US. Mortgagee: HSBC Bank (China) Co. Ltd., |
(i) all monies
and liabilities in any currency owing by the Customer to the Bank at any
time; (ii) interest on such monies; and (iii) all expenses of the Bank |
|
16-02-2013 |
Instrument: Agreement for Pledge of Receivables Property: The creditor’s rights to receivables enjoyed
at present or in the future by the Customer against Debtor(s) of Receivables
under the Underlying Transaction; the Receivables should be directly paid
into the receipt account. Transaction between Hong Kong Hailiang Metal
Trading Ltd. and the following Debtors of Receivables: 1. Refricenter
of Miami Inc., US. 2. Daikin
Industries Thailand Ltd., Thailand. Mortgagee: HSBC Bank (China) Co. Ltd., |
(i) all monies and
liabilities in any currency owing by the Customer to the Bank at any time;
(ii) interest on such monies; and (iii) all expenses of the Bank |
|
12-07-2013 |
Instrument: Agreement for Pledge of Receivables Property: The creditor’s rights to receivables enjoyed
at present or in the future by the Customer against Debtor(s) of Receivables
under the Underlying Transaction; the Receivables should be directly paid
into the receipt account. Transaction between Hong Kong Hailiang Metal
Trading Ltd. and the following Debtors of Receivables: 1. WSM
Industries, US. 2. Linesets
Inc., Malaysia. 3. Hitachi
Conditioning Products Sdn. Bhd., US. 4. Zurn
Pex Inc., US. etc. Mortgagee: HSBC Bank (China) Co. Ltd., |
(i) all monies
and liabilities in any currency owing by the Customer to the Bank at any
time; (ii) interest on such monies; and (iii) all expenses of the Bank |
|
15-07-2013 |
Instrument: Agreement for Pledge of Receivables Property: Date of Determination Period: Maximum Debt Amount: Mortgagee: HSBC Bank (China) Co. Ltd., |
(i) all
principal in any currency owing by the Customer to the Bank under the Banking
Failities; (ii) interest on such principal; (iii) other amount owing by
the Customer to the Bank; and (iv) expenses of the Bank in enforcing the
pledge |
|
25-10-2013 |
Instrument: Agreement for Pledge of Receivables Property: The right, title or interest to or in an
monetary obligation of the Debtor of Receivables: 1. Shanghai
Harp Electric Appliances Co. Ltd., China. 2. Vero
Specialty Metals LLC, US. 3. Select
Distributing Inc., US. 4. Wolseley
Canada Inc., Canada. 5. Turbotec
Products Inc., US. Date of Determination Period: Maximum Debt Amount: Mortgagee: HSBC Bank (China) Co. Ltd., |
(i) all
principal in any currency owing by the Customer to the Bank under the Banking
Failities; (ii) interest on such principal; (iii) other amount owing by
the Customer to the Bank; and (iv) expenses of the Bank in enforcing the
pledge |
|
25-12-2013 |
Instrument: Agreement for Pledge of Receivables Property: The right, title or interest to or in an
monetary obligation of the Debtor of Receivables: 1. Shanghai
Harp Electric Appliances Co. Ltd., China. 2. Vero
Specialty Metals LLC, US. 3. Select
Distributing Inc., US. 4. Wolseley
Canada Inc., Canada. 5. Turbotec
Products Inc., US. Date of Determination Period: Maximum Debt Amount: Mortgagee: HSBC Bank (China) Co. Ltd., |
(i) all
principal in any currency owing by the Customer to the Bank under the Banking
Failities; (ii) interest on such principal; (iii) other amount owing by
the Customer to the Bank; and (iv) expenses of the Bank in enforcing the
pledge |
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.61.23 |
|
|
1 |
Rs.98.53 |
|
Euro |
1 |
Rs.77.75 |
INFORMATION DETAILS
|
Analysis Done by
: |
SUB |
|
|
|
|
Report Prepared
by : |
NIT |
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.