|
Report Date : |
18.09.2014 |
IDENTIFICATION DETAILS
|
Name : |
WALSIN LIHWA CORPORATION, YEN SHUI PLANT |
|
|
|
|
Registered Office : |
Block A, No. 3-10,
Shi Jou Liau, Chin Shuei Li, Yenshui DIst., |
|
|
|
|
Country : |
|
|
|
|
|
Financial Data : |
31.12.2013 |
|
|
|
|
Date of Incorporation : |
12.06.1990 |
|
|
|
|
Com. Reg. No.: |
99657714 |
|
|
|
|
Legal Form : |
Joint Stock Company |
|
|
|
|
Line of Business : |
Manufacturing and
sales of steel products |
|
|
|
|
No. of Employees |
Not Available |
RATING & COMMENTS
|
MIRA’s Rating : |
B |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
|
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 1, 2014
|
Country Name |
Previous Rating (31.03.2014) |
Current Rating (01.06.2014) |
|
Taiwan |
A2 |
A2 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
|
Moderate |
B1 |
|
High |
B2 |
|
Very High |
C1 |
|
Restricted |
C2 |
|
Off-credit |
D |
TAIWAN ECONOMIC OVERVIEW
Taiwan has a dynamic capitalist
economy with gradually decreasing government guidance of investment and foreign
trade. Exports, led by electronics, machinery, and petrochemicals have provided
the primary impetus for economic development. This heavy dependence on exports
exposes the economy to fluctuations in world demand. Taiwan's diplomatic
isolation, low birth rate, and rapidly aging population are other major
long-term challenges. Free trade agreements have proliferated in East Asia over
the past several years, and following the landmark Economic Cooperation
Framework Agreement (ECFA) signed with China in June 2010, Taiwan in July 2013
signed a free trade deal with New Zealand—Taipei’s first-ever with a country
with which it does not maintain diplomatic relations—and in November inked a
trade pact with Singapore. Negotiations continue on follow-on components of
ECFA regarding trade in goods and a dispute resolution mechanism; a trade in
services agreement is under review in the legislature. Taiwan's Total Fertility
rate of just over one child per woman is among the lowest in the world, raising
the prospect of future labor shortages, falling domestic demand, and declining
tax revenues. Taiwan's population is aging quickly, with the number of people
over 65 accounting for 11.2% of the island's total population as of 2012. The
island runs a large overall trade surplus largely because of its surplus with
China, and its foreign reserves are the world's sixth largest, behind China,
Japan, Saudi Arabia, Russia, and Switzerland. In 2006 China overtook the US to
become Taiwan's second-largest source of imports after Japan. China is also the
island's number one destination for foreign direct investment. Taiwan since
2009 has gradually loosened rules governing Chinese investment on the island,
and has also secured greater market access for its investors in the mainland.
In August 2012, Taiwan Central Bank signed a memorandum of understanding on
cross-Strait currency settlement with its Chinese counterpart. The MOU allows
for the direct settlement of Chinese RMB and the New Taiwan dollar across the
Strait, which could help develop Taiwan into a local RMB hub. Closer economic
links with the mainland bring greater opportunities for the Taiwan economy, but
also poses new challenges as the island becomes more economically dependent on
China while political differences remain unresolved.
|
Source
: CIA |
|
Company Name: |
|
|
Supplied Name: |
|
|
Trading Address: |
No. 3-10, Shi Jou Liau, Chin Shuei Li, Yenshui DIst., Tainan City,
Taiwan |
|
Supplied Address: |
NO 3-10 SHI JOU LIAU CHIN SHUEI LI YENSHUI DIST TAINAN CITY 73743 |
|
Telephone Number: |
+886- 6-652-0911/0929 |
|
Fax Number: |
Notes: The exact
name and address are as above.
|
WALSIN LIHWA CORPORATION, YEN SHUI PLANT |
|
|
Registered Address: |
Block A, No. 3-10,
Shi Jou Liau, Chin Shuei Li, Yenshui DIst., Tainan City, Taiwan |
|
Date of Foundation: |
1990-6-12 |
|
Date of Registration: |
1994-10-11 |
|
Factory Registration Number: |
99657714 |
|
Factory Manager: |
Hongsheng Xu |
|
Principal
Activities: |
Manufacturing and
sales of steel products, etc. |
|
Staff: |
N/A |
|
Status: |
In Production |
|
Date of Last Annual Return: |
2012-3-14 |
|
Major Products: |
241 Steel and iron |
Notes: Subject declined to disclose its staff number; from other source we cannot obtain the relevant information, either.
Subject was incorporated on 1990-6-12 with Factory Registration Number 99657714 as a plant of Walsin Lihwa Corporation in Taiwan.
The subject is a plant of Walsin Lihwa Corporation, and the related information of its headquarter
as following:
Core Management
Directors
|
Name |
Hongsheng Xu |
|
Position |
Manager |
Offices & Factories
|
|
Headquarters |
|
Add |
No. 3-10, Shi Jou Liau, Chin Shuei Li, Yenshui DIst., Tainan City, Taiwan |
Production Information
Subject is engaged in manufacturing of steel products, etc.
It is introduced that subject’s annual capacity includes stainless billet of approx. 350,000 tons, wire rods of 140,000 tons, and round bars of 12,000 tons,
Purchase Information
It is introduced that subject purchases its raw materials and etc both at home and abroad.
Subject is engaged in sale of steel products, etc.
The major products are specialty steel, such as S.S billet, slab, hot rolled stainless steel band/ No. 1 coil, wire rod, hot rolled bar, peeling bar
Subject’s sales regions cover China, Southeast Asia, India, Japan, South Korea, Europe, America and etc.
Subject’s major customers are manufacturers of computer and related equipment, vessels, medical equipment, construction materials, kitchenware, electrical appliances and etc.
Purchase
Domestic Purchase
|
Products |
Raw materials and
etc |
|
Payment Terms |
T/T, Cash and etc |
Import
|
Products |
Raw materials and
etc |
|
Payment Terms |
L/C, T/T and etc |
Sales
Domestic Markets
|
Product |
Steel products,
etc. |
|
Selling Terms |
T/T, Cash and etc |
Export
|
Product |
Steel products,
etc. |
|
Selling Terms |
L/C, T/T and etc |
The subject refused to
discloses its financial information for us, however, we found financial figures
of its headquarter (Walsin Lihwa Corporation) from public files as following:
Balance Sheet
Unit: NTD/000
|
|
2013-12-31 |
2012-12-31 |
|
Assets |
|
|
|
Current assets |
|
|
|
Cash and cash equivalents |
|
|
|
Total cash and cash equivalents |
7,556,082 |
6,060,115 |
|
Current financial assets at fair value through profit or loss |
|
|
|
Total current financial assets at fair value through profit or loss |
55,430 |
50,191 |
|
Current available-for-sale financial assets |
|
|
|
Current available-for-sale financial assets, net |
0 |
4,413 |
|
Notes receivable, net |
|
|
|
Notes receivable, net |
7,943,404 |
5,407,147 |
|
Accounts receivable, net |
|
|
|
Accounts receivable |
9,434,396 |
10,714,589 |
|
Lease payments receivable |
69,379 |
55,590 |
|
Accounts receivable, net |
9,503,775 |
10,770,179 |
|
Other receivables |
|
|
|
Other receivables, net |
796,544 |
503,293 |
|
Inventories |
|
|
|
Total inventories |
21,061,176 |
20,744,591 |
|
Prepayments |
|
|
|
Prepaid rents |
32,150 |
30,379 |
|
Total prepayments |
32,150 |
30,379 |
|
Non-current assets classified as held for sale, net |
|
|
|
Non-current assets classified as held for sale, net |
3,955,006 |
33,676 |
|
Other current assets |
|
|
|
Other current financial assets |
797,957 |
649,281 |
|
Other current assets, others |
1,164,719 |
1,691,766 |
|
Total other current assets |
1,962,676 |
2,341,047 |
|
Total current assets |
52,866,243 |
45,945,031 |
|
Non-current assets |
|
|
|
Non-current financial assets at fair value through profit or loss |
|
|
|
Total non-current financial assets at fair value through profit or loss |
0 |
0 |
|
Non-current available-for-sale financial assets |
|
|
|
Non-current available-for-sale financial assets, net |
3,212,430 |
1,265,444 |
|
Held-to-maturity non-current financial assets |
|
|
|
Non-current held-to-maturity financial assets, net |
0 |
0 |
|
Derivative non-current financial assets for hedging |
0 |
0 |
|
Non-current financial assets at cost |
|
|
|
Non-current financial assets at cost, net |
1,396,821 |
1,548,538 |
|
Investments accounted for using equity method |
|
|
|
Investments accounted for using equity method, net |
16,894,103 |
17,131,250 |
|
Property, plant and equipment |
|
|
|
Total property, plant and equipment |
21,635,479 |
25,844,974 |
|
Investment property, net |
|
|
|
Investment property, net |
10,952,192 |
10,835,517 |
|
Intangible assets |
|
|
|
Total intangible assets |
199,178 |
191,401 |
|
Deferred tax assets |
1,471,593 |
1,133,781 |
|
Other non-current assets |
|
|
|
Guarantee deposits paid |
325,085 |
417,041 |
|
Long-term notes and accounts receivable |
|
|
|
Long-term notes and accounts receivable, net |
2,653,354 |
1,905,899 |
|
Non-current prepayments for investments |
0 |
0 |
|
Long-term prepaid rents |
1,194,362 |
1,536,079 |
|
Other non-current assets, others |
|
|
|
Total other non-current assets, others |
607,501 |
867,374 |
|
Total other non-current assets |
4,780,302 |
4,726,393 |
|
Total non-current assets |
60,542,098 |
62,677,298 |
|
Total assets |
113,408,341 |
108,622,329 |
|
Total assets (USD) |
3,753,816,087 |
3,595,399,090 |
|
Liabilities |
|
|
|
Current liabilities |
|
|
|
Short-term borrowings |
|
|
|
Total short-term borrowings |
9,614,797 |
11,772,817 |
|
Short-term notes and bills payable |
|
|
|
Total short-term notes and bills payable |
0 |
95,956 |
|
Current financial liabilities at fair value through profit or loss |
|
|
|
Total current financial liabilities at fair value through profit or loss |
0 |
4,529 |
|
Current derivative financial liabilities for hedging |
0 |
287 |
|
Notes payable |
|
|
|
Total notes payable |
709,311 |
907,770 |
|
Accounts payable |
|
|
|
Total accounts payable |
6,103,919 |
5,037,441 |
|
Other payables |
|
|
|
Other payables, others |
3,373,315 |
3,829,810 |
|
Total other payables |
3,373,315 |
3,829,810 |
|
Current tax liabilities |
173,230 |
923,755 |
|
Liabilities related to non-current assets classified as held for sale |
952,803 |
0 |
|
Other current liabilities |
|
|
|
Advance receipts |
|
|
|
Advance real estate receipts |
4,694,783 |
0 |
|
Total advance receipts |
4,694,783 |
0 |
|
Long-term liabilities, current portion |
|
|
|
Total long-term liabilities, current portion |
9,068,283 |
126,174 |
|
Other current liabilities, others |
1,172,828 |
1,233,362 |
|
Total other current liabilities |
14,935,894 |
1,359,536 |
|
Total current liabilities |
35,863,269 |
23,931,901 |
|
Non-current liabilities |
|
|
|
Long-term borrowings |
|
|
|
Total long-term borrowings |
12,103,582 |
19,589,042 |
|
Deferred tax liabilities |
|
|
|
Total deferred tax liabilities |
356,242 |
320,538 |
|
Other non-current liabilities |
|
|
|
Long-term notes and accounts payable |
|
|
|
Total long-term notes and accounts payable |
70,474 |
74,574 |
|
Accrued pension liabilities |
1,222,346 |
1,355,380 |
|
Other non-current liabilities, others |
1,595,151 |
1,483,996 |
|
Total other non-current liabilities |
2,887,971 |
2,913,950 |
|
Total non-current liabilities |
15,347,795 |
22,823,530 |
|
Total liabilities |
51,211,064 |
46,755,431 |
|
Equity |
|
|
|
Equity attributable to owners of parent |
|
|
|
Share capital |
|
|
|
Ordinary share |
35,760,002 |
36,160,002 |
|
Total capital stock |
35,760,002 |
36,160,002 |
|
Capital surplus |
|
|
|
Total capital surplus |
15,629,054 |
15,742,724 |
|
Retained earnings |
|
|
|
Legal reserve |
2,438,101 |
5,424,527 |
|
Special reserve |
3,507,455 |
1,136,328 |
|
Unappropriated retained earnings (accumulated deficit) |
|
|
|
Total unappropriated retained earnings (accumulated deficit) |
1,813,125 |
3,856,576 |
|
Total retained earnings |
7,758,681 |
10,417,431 |
|
Other equity interest |
|
|
|
Exchange differences on translation of foreign financial statements |
|
|
|
Total exchange differences on translation of foreign financial statements |
317,266 |
-1,478,713 |
|
Unrealized gains (losses) on available-for-sale financial assets |
|
|
|
Total unrealized gains (losses) on available-for-sale financial assets |
506,269 |
-2,136,988 |
|
Gains (losses) on effective portion of cash flow hedges |
|
|
|
Total gains (losses) on effective portion of cash flow hedges |
0 |
-287 |
|
Total other equity interest |
823,535 |
-3,615,988 |
|
Treasury shares |
0 |
1,055,961 |
|
Total equity attributable to owners of parent |
59,971,272 |
57,648,208 |
|
Non-controlling interests |
2,226,005 |
4,218,690 |
|
Total equity |
62,197,277 |
61,866,898 |
|
Total equity(USD) |
2,058,729,869 |
2,047,794,324 |
|
Equivalent issue shares of advance receipts for ordinary share |
0 |
0 |
|
Number of shares in entity held by entity and by its subsidiaries |
0 |
102,187,289 |
(As of 2014.09, 1
NTD = 0.0331 USD)
Profit and Loss
Account
Unit: NTD/000
|
|
2013 |
2012 |
|
Operating revenue |
|
|
|
Total operating revenue |
148,634,957 |
157,463,051 |
|
Total operating revenue (USD) |
4,919,817,077 |
5,212,026,988 |
|
Operating costs |
|
|
|
Total operating costs |
144,003,799 |
149,923,971 |
|
Gross profit (loss) from operations |
4,631,158 |
7,539,080 |
|
Gross profit (loss) from operations |
4,631,158 |
7,539,080 |
|
Operating expenses |
|
|
|
Selling expenses |
|
|
|
Total selling expenses |
1,807,680 |
1,800,250 |
|
Administrative expenses |
|
|
|
Total administrative expenses |
2,571,429 |
3,005,104 |
|
Research and development expenses |
|
|
|
Total research and development expenses |
206,852 |
450,895 |
|
Total operating expenses |
4,585,961 |
5,256,249 |
|
Net operating income (loss) |
45,197 |
2,282,831 |
|
Non-operating income and expenses |
|
|
|
Other income |
|
|
|
Interest income |
|
|
|
Total interest income |
408,334 |
459,489 |
|
Dividend income |
32,835 |
55,353 |
|
Other income, others |
743,276 |
221,810 |
|
Total other income |
1,184,445 |
736,652 |
|
Other gains and losses |
|
|
|
Gains on disposals of property, plant and equipment |
507,196 |
11,226 |
|
Foreign exchange gains |
598,678 |
149,787 |
|
Gains on financial assets (liabilities) at fair value through profit or loss |
17,029 |
88,661 |
|
Miscellaneous disbursements |
669,230 |
185,616 |
|
Losses on disposals of investments |
595,820 |
730,837 |
|
Impairment loss |
|
|
|
Total impairment loss |
2,538,030 |
2,669,437 |
|
Other gains and losses, net |
-2,680,177 |
-3,336,216 |
|
Finance costs |
|
|
|
Interest expense |
614,601 |
617,659 |
|
Finance costs, net |
614,601 |
617,659 |
|
Share of profit (loss) of associates and joint ventures accounted for using equity method |
|
|
|
Share of profit (loss) of associates and joint ventures accounted for using equity method, net |
-251,001 |
-829,130 |
|
Total non-operating income and expenses |
-2,361,334 |
-4,046,353 |
|
Profit (loss) from continuing operations before tax |
-2,316,137 |
-1,763,522 |
|
Tax expense (income) |
|
|
|
Total tax expense (income) |
115,285 |
1,361,317 |
|
Profit (loss) from continuing operations |
-2,431,422 |
-3,124,839 |
|
-2,431,422 |
-3,124,839 |
|
|
Profit (loss)(USD) |
-80,480,068 |
-103,432,171 |
|
Other comprehensive income |
|
|
|
Exchange differences on translation |
1,760,547 |
-1,540,440 |
|
Unrealised gains (losses) on valuation of available-for-sale financial assets |
2,643,375 |
390,226 |
|
Cash flow hedges |
287 |
61,717 |
|
Actuarial gains (losses) on defined benefit plans |
82,406 |
-26,525 |
|
Share of other comprehensive income of associates and joint ventures accounted for using equity method |
|
|
|
Total share of other comprehensive income of associates and joint ventures accounted for using equity method |
3,350 |
-53,554 |
|
Other comprehensive income, net |
4,489,965 |
-1,168,576 |
|
Total comprehensive income |
2,058,543 |
-4,293,415 |
|
Profit (loss), attributable to: |
|
|
|
Profit (loss), attributable to owners of parent |
-2,688,696 |
-3,186,541 |
|
Profit (loss), attributable to non-controlling interests |
257,274 |
61,702 |
|
Comprehensive income attributable to: |
|
|
|
Comprehensive income, attributable to owners of parent |
1,836,583 |
-4,302,013 |
|
Comprehensive income, attributable to non-controlling interests |
221,960 |
8,598 |
|
Basic earnings per share |
|
|
|
Basic earnings (loss) per share from continuing operations |
-0.77 |
-0.90 |
|
Total basic earnings per share |
-0.77 |
-0.90 |
(As of 2014.09, 1 NTD
= 0.0331 USD)
Cash Flows
Unit: NTD/000
|
|
2013 |
2012 |
|
Cash flows from (used in) operating activities, indirect method |
|
|
|
Profit (loss) from continuing operations before tax |
-2,316,137 |
-1,763,522 |
|
Profit (loss) before tax |
-2,316,137 |
-1,763,522 |
|
Adjustments |
|
|
|
Adjustments to reconcile profit (loss) |
|
|
|
Depreciation expense |
2,609,854 |
2,593,034 |
|
Amortization expense |
110,013 |
104,801 |
|
Provision (reversal of provision) for bad debt expense |
23,066 |
7,902 |
|
Net loss (gain) on financial assets or liabilities at fair value through profit or loss |
-17,029 |
-88,661 |
|
Interest expense |
614,601 |
617,659 |
|
Interest income |
-408,334 |
-459,489 |
|
Dividend income |
-32,835 |
55,353 |
|
Share-based payments |
6,375 |
0 |
|
Share of loss (profit) of associates and joint ventures accounted for using equity method |
251,001 |
829,130 |
|
Loss (gain) on disposal of property, plan and equipment |
-507,196 |
-11,226 |
|
Loss (gain) on disposal of investments |
-1,050,864 |
433,265 |
|
Loss (gain) on disposal of investments accounted for using equity method |
1,646,684 |
297,572 |
|
Impairment loss on financial assets |
538,000 |
1,950,920 |
|
Impairment loss on non-financial assets |
2,000,030 |
718,517 |
|
Unrealized foreign exchange loss (gain) |
-318,312 |
-9,117 |
|
Other adjustments to reconcile profit (loss) |
2,213 |
33,250 |
|
Total adjustments to reconcile profit (loss) |
5,467,267 |
7,072,910 |
|
Changes in operating assets and liabilities |
|
|
|
Changes in operating assets |
|
|
|
Decrease (increase) in financial assets held for trading |
1,040,561 |
-307,181 |
|
Decrease (increase) in notes receivable |
-2,536,257 |
2,125,780 |
|
Decrease (increase) in accounts receivable |
1,243,338 |
-1,751,081 |
|
Decrease (increase) in other receivable |
-354,684 |
-299,052 |
|
Decrease (increase) in inventories |
-316,585 |
7,707,390 |
|
Decrease (increase) in other current assets |
371,329 |
36,215 |
|
Decrease (increase) in other operating assets |
-165,458 |
-63,537 |
|
Total changes in operating assets |
-717,756 |
7,448,534 |
|
Changes in operating liabilities |
|
|
|
Increase (decrease) in notes payable |
-198,459 |
-32,137 |
|
Increase (decrease) in accounts payable |
1,066,478 |
-4,487,462 |
|
Increase (decrease) in other payable |
-374,463 |
1,178,432 |
|
Increase (decrease) in receipts in advance |
4,694,783 |
-2,931,938 |
|
Increase (decrease) in other current liabilities |
-60,534 |
-132,072 |
|
Increase (decrease) in accrued pension liabilities |
-133,034 |
-19,276 |
|
Increase (decrease) in other operating liabilities |
269,824 |
169,101 |
|
Total changes in operating liabilities |
5,264,595 |
-6,255,352 |
|
Total changes in operating assets and liabilities |
4,546,839 |
1,193,182 |
|
Total adjustments |
10,014,106 |
8,266,092 |
|
Cash inflow (outflow) generated from operations |
7,697,969 |
6,502,570 |
|
Interest received |
459,218 |
936,006 |
|
Dividends received |
84,860 |
123,695 |
|
Interest paid |
-696,885 |
-597,714 |
|
Income taxes refund (paid) |
-1,362,325 |
-543,475 |
|
Net cash flows from (used in) operating activities |
6,182,837 |
6,421,082 |
|
Cash flows from (used in) investing activities |
|
|
|
Proceeds from disposal of available-for-sale financial assets |
4,878 |
0 |
|
Acquisition of financial assets at cost |
-95,178 |
-281,312 |
|
Proceeds from disposal of financial assets at cost |
41,677 |
168,527 |
|
Proceeds from capital reduction of financial assets at cost |
25,182 |
880 |
|
Acquisition of investments accounted for using equity method |
-1,809,574 |
-534,780 |
|
Proceeds from disposal of investments accounted for using equity method |
8,800 |
811,232 |
|
Net cash flow from acquisition of subsidiaries |
0 |
518,486 |
|
Proceeds from disposal of subsidiaries |
-1,599,157 |
-13,957 |
|
Proceeds from capital reduction of investments accounted for using equity method |
0 |
59,110 |
|
Acquisition of property, plant and equipment |
-2,201,644 |
-6,297,946 |
|
Proceeds from disposal of property, plant and equipment |
1,150,866 |
285,751 |
|
Decrease in refundable deposits |
-345,411 |
39,697 |
|
Acquisition of intangible assets |
-1,386 |
0 |
|
Decrease in other financial assets |
0 |
1,108,419 |
|
Decrease in other prepayments |
223,447 |
0 |
|
Other investing activities |
-42,403 |
-32,312 |
|
Net cash flows from (used in) investing activities |
-4,639,903 |
-4,168,205 |
|
Cash flows from (used in) financing activities |
|
|
|
Increase in short-term loans |
-2,042,129 |
-461,702 |
|
Decrease in short-term notes and bills payable |
-95,956 |
95,956 |
|
Proceeds from long-term debt |
1,226,808 |
0 |
|
Repayments of long-term debt |
0 |
-7,899,649 |
|
Disposal of ownership interests in subsidiaries (without losing control) |
278,662 |
0 |
|
Change in non-controlling interests |
-39,949 |
-64,788 |
|
Other financing activities |
-115,430 |
-2,511 |
|
Net cash flows from (used in) financing activities |
-787,994 |
-8,332,694 |
|
Effect of exchange rate changes on cash and cash equivalents |
882,707 |
-799,904 |
|
Net increase (decrease) in cash and cash equivalents |
1,637,647 |
-6,879,721 |
|
Cash and cash equivalents at beginning of period |
6,060,115 |
12,939,836 |
|
Cash and cash equivalents at end of period |
7,697,762 |
6,060,115 |
|
Cash and cash equivalents reported in the statement of financial position |
7,556,082 |
6,060,115 |
|
Other items qualifying for cash and cash equivalents under the definition of IAS 7 |
141,680 |
0 |
Subject declined to disclose its bank details; frm other source we could not obtain the relevant information, either.
Mortgage
No chattel mortgage record of
subject has been found within the recent 3 months.
Lawsuit
Up to date of reporting, no existing or latent litigation of the subject has been found.
Interview Details
|
Name |
Mr. Suen |
|
Department |
Sales Department |
|
E-mail |
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.60.95 |
|
|
1 |
Rs.99.32 |
|
Euro |
1 |
Rs.78.96 |
INFORMATION DETAILS
|
Analysis Done by
: |
DIV |
|
|
|
|
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.