|
Report Date : |
03.09.2014 |
IDENTIFICATION DETAILS
|
Name : |
ASIAN MINERAL RESOURCES PTE. LTD. |
|
|
|
|
Registered Office : |
101, Cecil Street, 14-12, |
|
|
|
|
Country : |
|
|
|
|
|
Financials (as on) : |
31.03.2013 |
|
|
|
|
Date of Incorporation : |
27.04.2012 |
|
|
|
|
Com. Reg. No.: |
201210548-Z |
|
|
|
|
Legal Form : |
Private Limited |
|
|
|
|
Line of Business : |
Trading of Minerals |
|
|
|
|
No. of Employees : |
Not Available |
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 : |
Moderate |
|
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 01, 2014
|
Country Name |
Previous Rating (31.03.2014) |
Current Rating (01.06.2014) |
|
Singapore |
A1 |
A1 |
|
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 |
SINGAPORE - ECONOMIC OVERVIEW
Singapore has a highly developed
and successful free-market economy. It enjoys a remarkably open and
corruption-free environment, stable prices, and a per capita GDP higher than
that of most developed countries. The economy depends heavily on exports,
particularly in consumer electronics, information technology products,
pharmaceuticals, and on a growing financial services sector. The economy
contracted 0.6% in 2009 as a result of the global financial crisis, but
rebounded 15.1% in 2010, on the strength of renewed exports, before slowing to
in 2011-13, largely a result of soft demand for exports during the second
European recession. Over the longer term, the government hopes to establish a
new growth path that focuses on raising productivity. Singapore has attracted
major investments in pharmaceuticals and medical technology production and will
continue efforts to establish Singapore as Southeast Asia's financial and
high-tech hub
|
Source
: CIA |
|
REGISTRATION NO. |
: |
201210548-Z |
|
COMPANY NAME |
: |
ASIAN MINERAL RESOURCES PTE. LTD. |
|
FORMER NAME |
: |
N/A |
|
INCORPORATION DATE |
: |
27/04/2012 |
|
|
|
|
|
|
|
|
|
COMPANY STATUS |
: |
EXIST |
|
LEGAL FORM |
: |
PRIVATE LIMITED |
|
LISTED STATUS |
: |
NO |
|
|
|
|
|
|
|
|
|
REGISTERED ADDRESS |
: |
101, CECIL STREET, 14-12, TONG ENG BUILDING, 069533, SINGAPORE. |
|
BUSINESS ADDRESS |
: |
20 CECIL STREET #14-01 EQUITY PLAZA, 049705, SINGAPORE. |
|
TEL.NO. |
: |
65-65321281 |
|
FAX.NO. |
: |
65-64382436 |
|
WEB SITE |
: |
WWW.ASIANMIN.COM |
|
CONTACT PERSON |
: |
BIKASH PODDAR ( DIRECTOR ) |
|
|
|
|
|
|
|
|
|
PRINCIPAL ACTIVITY |
: |
TRADING OF MINERALS |
|
|
|
|
|
ISSUED AND PAID UP CAPITAL |
: |
989,520.00 ORDINARY SHARE, OF A VALUE OF SGD 989,520.00 |
|
|
|
|
|
SALES |
: |
N/A |
|
NET WORTH |
: |
SGD (5,494) [2013] |
|
|
|
|
|
STAFF STRENGTH |
: |
n/a [2014] |
|
LITIGATION |
: |
CLEAR |
|
FINANCIAL CONDITION |
: |
N/A |
|
PAYMENT |
: |
N/A |
|
MANAGEMENT CAPABILITY |
: |
AVERAGE |
|
|
|
|
|
COMMERCIAL RISK |
: |
MODERATE |
|
CURRENCY EXPOSURE |
: |
MODERATE |
|
GENERAL REPUTATION |
: |
POOR |
|
INDUSTRY OUTLOOK |
: |
AVERAGE GROWTH |
The Subject is a private
limited company and is allowed to have a minimum of one and a maximum of
forty-nine shareholders. As a private limited company, the Subject must have at
least two directors. A private limited company is a separate legal entity from
its shareholders. As a separate legal entity, the Subject is capable of owning
assets, entering into contracts, sue or be sued by other companies. The
liabilities of the shareholders are to the extent of the equity they have taken
up and the creditors cannot claim on shareholders' personal assets even if the
Subject is insolvent. The Subject is governed by the Companies Act and the
company must file its annual returns, together with its financial statements
with the Registrar of Companies.
The Subject is
principally engaged in the (as a / as an) trading of minerals.
Share Capital
History
|
Date |
Issue & Paid
Up Capital |
|
28/08/2014 |
SGD 989,520.00 |
The major shareholder(s) of the Subject are shown as follows :
|
Name |
Address |
IC/PP/Loc No |
Shareholding |
(%) |
|
VIDHATA DISTRIBUTORS PRIVATE LIMITED |
49, SHIBNATH SHASTRI SARANI, 40B/1, NEW ALIPORE BLOCK B, KOLKATA, WEST
BENGAL, 700053, INDIA. |
T12UF1569 |
889,256.00 |
89.87 |
|
RAKESH KUMAR SINGHANIA |
98 (291/1), NETAJI SUBHAS ROAD, SINGHANIA BHAWAN PO-ASANSOL,
BARDHAMAN, 713301, INDIA. |
E6662575 |
75,214.00 |
7.60 |
|
BIKASH PODDAR + |
HATTALA, KULTI, BARDHAMAN, WEST BENGAL, 713343, INDIA. |
L6206373 |
10.00 |
0.00 |
|
SUSHMA DEVI SINGHANIA |
22, BUROSHIBTALA MAIN ROAD, PURTI SEASON 2, SUMMER BLOCK, KOLKATA,
WEST BENGAL, 2ND FLOOR, 700038, INDIA. |
H4690770 |
25,040.00 |
2.53 |
|
|
|
|
--------------- |
------ |
|
|
|
|
989,520.00 |
100.00 |
|
|
|
|
============ |
===== |
+ Also Director
DIRECTOR 1
|
Name Of Subject |
: |
GIRISH AGARWAL |
|
Address |
: |
SANJEEV TOWN TYPE-A, BL-1, PLOT-SA/45, KOCHPUKUR 24, PARAGANA (N),
WEST BENGAL, 700102, INDIA. |
|
IC / PP No |
: |
Z2404197 |
|
|
|
|
|
|
|
|
|
|
|
|
|
Nationality |
: |
INDIAN |
|
Date of Appointment |
: |
29/03/2014 |
DIRECTOR 2
|
Name Of Subject |
: |
VENKATESAN MAHENDRAN |
|
Address |
: |
601B, PUNGGOL CENTRAL, 05-610, 822601, SINGAPORE. |
|
IC / PP No |
: |
S2715328C |
|
|
|
|
|
|
|
|
|
|
|
|
|
Nationality |
: |
SINGAPOREAN |
|
Date of Appointment |
: |
04/08/2014 |
DIRECTOR 3
|
Name Of Subject |
: |
BIKASH PODDAR |
|
Address |
: |
HATTALA, KULTI, BARDHAMAN, WEST BENGAL, 713343, INDIA. |
|
IC / PP No |
: |
L6206373 |
|
|
|
|
|
|
|
|
|
|
|
|
|
Nationality |
: |
INDIAN |
|
Date of Appointment |
: |
18/07/2014 |
|
1) |
Name of Subject |
: |
BIKASH PODDAR |
|
|
Position |
: |
DIRECTOR |
|
Auditor |
: |
VKR PRACTICES |
|
Auditor' Address |
: |
N/A |
|
|
|
|
|
1) |
Company Secretary |
: |
VENKATESAN MAHENDRAN |
|
|
IC / PP No |
: |
S2715328C |
|
|
|
|
|
|
|
Address |
: |
601B, PUNGGOL CENTRAL, 05-610, 822601, SINGAPORE. |
|
|
|
|
|
|
|
|
|
|
No Banker found in our databank.
No encumbrance was found in our databank at the time of investigation.
* A check has been conducted in our databank againt the Subject whether the subject
has been involved in any litigation.
No legal action was found in our databank.
No winding up petition was found in our databank.
|
SOURCES OF RAW MATERIALS: |
||
|
Local |
: |
N/A |
|
Overseas |
: |
N/A |
|
|
|
|
The staff from the registered office refused to disclose the Subject's
suppliers.
|
Local |
: |
YES |
|||
|
Domestic Markets |
: |
SINGAPORE |
|||
|
Overseas |
: |
YES |
|
|
|
|
Export Market |
: |
WORLDWIDE |
|||
|
Credit Term |
: |
N/A |
|||
|
|
|
|
|
|
|
|
Payment Mode |
: |
CHEQUES |
|||
|
Goods Traded |
: |
MINERALS
|
|
|
|
|
|
|
Total Number of Employees: |
|||||||||
|
YEAR |
2014 |
|
|||||||
|
|
|||||||||
|
|
|
|
|
|
|
|
|
|
|
|
COMPANY |
n/a |
|
|
|
|
|
|
|
|
|
Branch |
: |
NO
|
Other Information:
The Subject is principally engaged in the (as a / as an) trading of minerals.
The Subject Specialized supplier of PIG IRON, FERROUS SCRAP, SPONGE IRON in Singapore
and has been servicing the needs of both local and overseas customers.
The Subject supplies different products to a wide range of industries and
exports to Europe, America, Australia and Asia. Besides AMR is supplying items
of types AGRICULTURE, Energy, Metals & MINERALS that are sourced both
locally and internationally.
Latest fresh
investigations carried out on the Subject indicated that :
|
Telephone Number Provided By Client |
: |
N/A |
|
Current Telephone Number |
: |
65-65321281 |
|
Match |
: |
N/A |
|
|
|
|
|
Address Provided by Client |
: |
20 CECIL STREET #14-01 EQUITY PLAZA SINGAPORE 049705 |
|
Current Address |
: |
20 CECIL STREET #14-01 EQUITY PLAZA, 049705, SINGAPORE. |
|
Match |
: |
YES |
|
|
|
|
Other Investigations
On 3rd September 2014 we contacted one of the staff from the Subject's
registered office and she provided some information.
She refused to disclose the number of employees.
The Subject had just commenced its business operation.
|
The Subject's turnover was nil during the year indicate that it was
inactive. As a result, we are unable to comment on its financial performance. |
||||||
|
|
|
|
|
|
|
|
|
Overall financial condition of the Subject : N/A |
||||||
|
Major Economic Indicators : |
2009 |
2010 |
2011 |
2012 |
2013 |
|
|
|
|
|
|
|
|
Population (Million) |
4.98 |
5.08 |
5.18 |
5.31 |
5.40 |
|
Gross Domestic Products ( % ) |
(0.8) |
14.5 |
4.9 |
1.3 |
3.7 |
|
Consumer Price Index |
0.6 |
2.8 |
5.2 |
4.6 |
2.4 |
|
Total Imports (Million) |
356,299.3 |
423,221.8 |
459,655.1 |
474,554.0 |
466,762.0 |
|
Total Exports (Million) |
391,118.1 |
478,840.7 |
514,741.2 |
510,329.0 |
513,391.0 |
|
|
|
|
|
|
|
|
Unemployment Rate (%) |
3.2 |
2.2 |
2.1 |
2.0 |
1.9 |
|
Tourist Arrival (Million) |
9.68 |
11.64 |
13.17 |
14.49 |
15.46 |
|
Hotel Occupancy Rate (%) |
75.8 |
85.6 |
86.5 |
86.4 |
86.3 |
|
Cellular Phone Subscriber (Million) |
1.37 |
1.43 |
1.50 |
1.52 |
1.97 |
|
|
|
|
|
|
|
|
Registration of New Companies (No.) |
26,414 |
29,798 |
32,317 |
31,892 |
37,288 |
|
Registration of New Companies (%) |
4.3 |
12.8 |
8.5 |
(1.3) |
9.8 |
|
Liquidation of Companies (No.) |
22,393 |
15,126 |
19,005 |
17,218 |
17,369 |
|
Liquidation of Companies (%) |
113.4 |
(32.5) |
25.6 |
9.4 |
(5.3) |
|
|
|
|
|
|
|
|
Registration of New Businesses (No.) |
26,876 |
23,978 |
23,494 |
24,788 |
22,893 |
|
Registration of New Businesses (%) |
8.15 |
(10.78) |
2.02 |
5.51 |
1.70 |
|
Liquidation of Businesses (No.) |
23,552 |
24,211 |
23,005 |
22,489 |
22,598 |
|
Liquidation of Businesses (%) |
11.4 |
2.8 |
(5) |
(2.2) |
0.5 |
|
|
|
|
|
|
|
|
Bankruptcy Orders (No.) |
2,058 |
1,537 |
1,527 |
1,748 |
1,992 |
|
Bankruptcy Orders (%) |
(11.5) |
(25.3) |
(0.7) |
14.5 |
14.0 |
|
Bankruptcy Discharges (No.) |
3,056 |
2,252 |
1,391 |
1,881 |
2,584 |
|
Bankruptcy Discharges (%) |
103.7 |
(26.3) |
(38.2) |
35.2 |
37.4 |
|
|
|
|
|
|
|
|
INDUSTRIES ( % of Growth ) : |
|
|
|
|
|
|
Agriculture |
|
|
|
|
|
|
Production of Principal Crops |
3.25 |
(0.48) |
4.25 |
3.64 |
- |
|
Fish Supply & Wholesale |
(1.93) |
(10.5) |
12.10 |
(0.5) |
- |
|
|
|
|
|
|
|
|
Manufacturing * |
71.5 |
92.8 |
100.0 |
100.3 |
102.0 |
|
Food, Beverages & Tobacco |
90.4 |
96.4 |
100.0 |
103.5 |
103.5 |
|
Textiles |
145.9 |
122.1 |
100.0 |
104.0 |
87.1 |
|
Wearing Apparel |
211.0 |
123.3 |
100.0 |
92.1 |
77.8 |
|
Leather Products & Footwear |
79.5 |
81.8 |
100.0 |
98.6 |
109.8 |
|
Wood & Wood Products |
101.4 |
104.0 |
100.0 |
95.5 |
107.4 |
|
Paper & Paper Products |
95.4 |
106.1 |
100.0 |
97.4 |
103.2 |
|
Printing & Media |
100.9 |
103.5 |
100.0 |
93.0 |
86.1 |
|
Crude Oil Refineries |
96.4 |
95.6 |
100.0 |
99.4 |
93.5 |
|
Chemical & Chemical Products |
80.3 |
97.6 |
100.0 |
100.5 |
104.1 |
|
Pharmaceutical Products |
49.1 |
75.3 |
100.0 |
109.7 |
107.2 |
|
Rubber & Plastic Products |
101.2 |
112.3 |
100.0 |
96.5 |
92.9 |
|
Non-metallic Mineral |
91.9 |
92.5 |
100.0 |
98.2 |
97.6 |
|
Basic Metals |
92.6 |
102.2 |
100.0 |
90.6 |
76.5 |
|
Fabricated Metal Products |
90.8 |
103.6 |
100.0 |
104.3 |
105.1 |
|
Machinery & Equipment |
57.3 |
78.5 |
100.0 |
112.9 |
114.5 |
|
Electrical Machinery |
86.8 |
124.1 |
100.0 |
99.3 |
108.5 |
|
Electronic Components |
85.2 |
113.6 |
100.0 |
90.6 |
94.3 |
|
Transport Equipment |
96.0 |
94.0 |
100.0 |
106.3 |
107.5 |
|
|
|
|
|
|
|
|
Construction |
(36.9) |
14.20 |
20.50 |
28.70 |
- |
|
Real Estate |
1.4 |
21.3 |
25.4 |
31.9 |
- |
|
|
|
|
|
|
|
|
Services |
|
|
|
|
|
|
Electricity, Gas & Water |
1.70 |
4.00 |
7.00 |
6.30 |
- |
|
Transport, Storage & Communication |
3.90 |
12.80 |
7.40 |
5.30 |
- |
|
Finance & Insurance |
(16.4) |
(0.4) |
8.90 |
0.50 |
- |
|
Government Services |
4.50 |
9.70 |
6.90 |
6.00 |
- |
|
Education Services |
0.10 |
(0.9) |
(1.4) |
0.30 |
- |
|
|
|
|
|
|
|
|
* Based on Index of Industrial Production (2011 = 100) |
|
|
|
|
|
|
(Source : Department of Statistics) |
|
|
|
|
|
|
INDUSTRY : |
TRADING |
|
|
|
|
|
|
|
The wholesale and retail trade sector contracted by 1.5% in the fourth
quarter of 2012, extending the 0.2% decline in the preceding quarter. For the
whole of 2012, the sector declined by 0.7%, reversing the 1.6% growth in
2011. The sector was weighed down primarily by the wholesale trade segment.
In 2012, the wholesale trade segment contracted by 1.0%, a reversal from the
1.4% growth in 2011. Growth of the retail trade segment also moderated to
2.0%, from 3.2% in the year 2011. |
|
|
|
|
|
The domestic wholesale trade index grew by 1.2% in the fourth quarter
of 2012, an improvement from the 5.4% decline in the third quarter. This was partly
due to an increase in the sales of chemicals & chemical products and ship
chandlers & bunkering. For the full year of 2012, the domestic wholesale
trade index contracted by 2.2%, extending the 1.7% decline in 2011. The
foreign wholesale trade index grew by 8.6% in the fourth quarter, an increase
from the 6.6% growth in the third quarter. The expansion was partly due to
resilient sales of petroleum & petroleum products. For the whole of 2012,
the foreign wholesale trade index expanded by 9.1%, faster than the 4.3%
increase in 2011. |
|
|
|
|
|
In the fourth quarter of 2012, retail sales volume declined by 2.0%,
extending the 0.3% decline in the third quarter. Excluding motor vehicles,
retail sales volume grew by 0.4%, a slight moderation compared to the 1.5%
gain in the third quarter of 2012. The sales volume of motor vehicles fell by
11% in the fourth quarter of 2012, after contracting by 6.1% in the third
quarter. The sales of several discretionary items also declined in the fourth
quarter. Besides, the sales of optical goods & books in 2012 fell by
3.6%, while the sales of telecommunications apparatus & computers
declined by 1.4%. |
|
|
|
|
|
For 2012 as a whole, retail sales volume grew by 1.3%, compared to the
2.0% expansion in 2011. Excluding motor vehicle sales, the increase in retail
sales volume also moderated from 5.4% in 2011 to 1.7% in 2012. Medical goods
& toiletries registered the largest increase (9.3%) in sales, followed by
telecommunications apparatus & computers (6.9%). By contrast, the sales
of watches & jewellery (-2.2%) and optical goods & books (-3.6%)
declined. |
|
|
|
|
|
|
|
|
OVERALL INDUSTRY OUTLOOK : AVERAGE GROWTH |
|
|
Incorporated in 2012, the
Subject is a Private Limited company, focusing on trading of minerals. The
Subject has been in business for less than 5 years and it has slowly been
building up contact with its clients while competing in the industry.
However, it has yet to enjoy a stable market shares as it need to compete
many well established players in the same field. |
|
|
|
THE FINANCIAL STATEMENTS
WERE PREPARED IN ACCORDANCE WITH SINGAPORE FINANCIAL REPORTING STANDARDS. |
|
ASIAN MINERAL
RESOURCES PTE. LTD. |
|
Financial Year End |
2013-03-31 |
|
Months |
12 |
|
Consolidated Account |
Company |
|
Audited Account |
YES |
|
Unqualified Auditor's Report (Clean Opinion) |
YES |
|
Financial Type |
FULL |
|
Currency |
SGD |
|
|
|
|
PROFIT/(LOSS) FROM OPERATIONS |
(5,574) |
|
|
---------------- |
|
PROFIT/(LOSS) BEFORE TAXATION |
(5,574) |
|
|
---------------- |
|
PROFIT/(LOSS) AFTER TAXATION |
(5,574) |
|
|
---------------- |
|
PROFIT AVAILABLE FOR APPROPRIATIONS |
(5,574) |
|
|
---------------- |
|
RETAINED PROFIT/(LOSS) CARRIED FORWARD |
(5,574) |
|
|
============= |
|
|
|
|
INTEREST EXPENSE (as per notes to P&L) |
|
|
Others |
83 |
|
|
---------------- |
|
|
83 |
|
|
============= |
|
ASIAN MINERAL
RESOURCES PTE. LTD. |
|
Trade debtors |
1,600 |
|
Cash & bank balances |
997 |
|
|
---------------- |
|
TOTAL CURRENT ASSETS |
2,597 |
|
|
---------------- |
|
TOTAL ASSET |
2,597 |
|
|
============= |
|
|
|
|
Other creditors & accruals |
1,731 |
|
Other liabilities |
6,360 |
|
|
---------------- |
|
TOTAL CURRENT LIABILITIES |
8,091 |
|
|
---------------- |
|
NET CURRENT ASSETS/(LIABILITIES) |
(5,494) |
|
|
---------------- |
|
TOTAL NET ASSETS |
(5,494) |
|
|
============= |
|
|
|
|
SHARE CAPITAL |
|
|
Ordinary share capital |
80 |
|
|
---------------- |
|
TOTAL SHARE CAPITAL |
80 |
|
|
|
|
Retained profit/(loss) carried forward |
(5,574) |
|
|
---------------- |
|
TOTAL RESERVES |
(5,574) |
|
|
|
|
|
---------------- |
|
SHAREHOLDERS' FUNDS/EQUITY |
(5,494) |
|
|
|
|
|
---------------- |
|
|
(5,494) |
|
|
============= |
|
|
|
|
ASIAN MINERAL
RESOURCES PTE. LTD. |
|
TYPES OF FUNDS |
|
|
Cash |
997 |
|
Net Liquid Funds |
997 |
|
Net Liquid Assets |
(5,494) |
|
Net Current Assets/(Liabilities) |
(5,494) |
|
Net Tangible Assets |
(5,494) |
|
Net Monetary Assets |
(5,494) |
|
BALANCE SHEET ITEMS |
|
|
Total Borrowings |
0 |
|
Total Liabilities |
8,091 |
|
Total Assets |
2,597 |
|
Net Assets |
(5,494) |
|
Net Assets Backing |
(5,494) |
|
Shareholders' Funds |
(5,494) |
|
Total Share Capital |
80 |
|
Total Reserves |
(5,574) |
|
LIQUIDITY (Times) |
|
|
Cash Ratio |
0.12 |
|
Liquid Ratio |
0.32 |
|
Current Ratio |
0.32 |
|
WORKING CAPITAL CONTROL (Days) |
|
|
Stock Ratio |
0 |
|
Debtors Ratio |
0 |
|
Creditors Ratio |
0 |
|
SOLVENCY RATIOS (Times) |
|
|
Gearing Ratio |
0.00 |
|
Liabilities Ratio |
(1.47) |
|
Times Interest Earned Ratio |
(66.16) |
|
Assets Backing Ratio |
(68.68) |
|
PERFORMANCE RATIO (%) |
|
|
Operating Profit Margin |
0.00 |
|
Net Profit Margin |
0.00 |
|
Return On Net Assets |
99.95 |
|
Return On Capital Employed |
99.95 |
|
Return On Shareholders' Funds/Equity |
101.46 |
|
Dividend Pay Out Ratio (Times) |
0.00 |
|
NOTES TO ACCOUNTS |
|
|
Contingent Liabilities |
|
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.60.61 |
|
|
1 |
Rs.100.48 |
|
Euro |
1 |
Rs.79.56 |
INFORMATION DETAILS
|
Analysis Done by
: |
KAR |
|
|
|
|
Report Prepared
by : |
PDT |
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.