|
Report No. : |
337907 |
|
Report Date : |
28.08.2015 |
IDENTIFICATION DETAILS
|
Name : |
AVISION INC. |
|
|
|
|
Registered Office : |
No.20, Creation Rd. 1, Science-Based
Industrial Park, Hsinchu, Taiwan, R.O.C. |
|
|
|
|
Country : |
Taiwan |
|
|
|
|
Financials (as on) : |
31.12.2014 |
|
|
|
|
Date of Incorporation : |
24.04.1991 |
|
|
|
|
Com. Reg. No.: |
22099759 |
|
|
|
|
Legal Form : |
Joint Stock Company |
|
|
|
|
Line of Business : |
Manufacturing and Sales of Electronic
Products. |
|
|
|
|
No. of Employees : |
About 1,366 |
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 – March 31, 2015
|
Country Name |
Previous Rating (31.12.2014) |
Current Rating (31.03.2015) |
|
Taiwan |
A1 |
A1 |
|
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. 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. However, follow-on components of the ECFA, including a signed agreement on trade in services and negotiations on trade in goods and dispute resolution, have stalled. In early 2014, the government bowed to public demand and proposed a new law governing the oversight of cross-Strait agreements, before any additional deals with China are implemented; the legislature has yet to vote on such legislation, leaving the future of ECFA up in the air as President MA enters his final full year in office. MA has portrayed ECFA as Taiwan’s key to greater participation in East Asia’s free trade networks.
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 expected to account for nearly 20% of the island's total population by 2025.
The island runs a trade surplus, largely because of its surplus with China, and its foreign reserves are the world's fifth largest, behind those of China, Japan, Saudi Arabia, 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, the Taiwan Central Bank signed a memorandum of understanding (MOU) 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 has helped Taiwan develop into a local RMB hub.
Closer economic links with the mainland bring greater opportunities for Taiwan’s economy but also pose new challenges as the island becomes more economically dependent on China at a time when political differences remain unresolved. During 2014, the press paid increasing attention to domestic economic issues, while pushing aside the debates over trade liberalization that were a hallmark of MA’s tenure. The media focused on the divide between Taiwan’s “haves” and “have nots,” providing extensive coverage of public frustration with stagnant wages, skyrocketing housing prices, and the difficulty of finding decent entry-level jobs.
|
Source
: CIA |
|
Company Name: |
|
|
Supplied Name: |
|
|
Trading Address: |
No.20, Creation
Rd. 1, Science-Based Industrial Park, Hsinchu, Taiwan, R.O.C. |
|
Supplied Address: |
20 CREATION ROAD
I, SCIENCE BASED INDUSTRIAL PARK, HSINCHU, TAIWAN |
|
Telephone Number: |
+886-3-578-2388 |
|
Fax Number: |
Notes: The exact name and address are as above.
|
Registered Name: |
Avision Inc. |
|
Registered Address: |
No.20, Creation Rd. 1, Science-Based
Industrial Park, Hsinchu, Taiwan, R.O.C. |
|
Date of Foundation: |
1991-4-24 |
|
Registration Number: |
22099759 |
|
Registry: |
Science Park Administration, MOST |
|
Registered Capital: |
NTD
3,000,000,000 (USD 96,000,000) (As of 2015.08, 1 NTD = 0.032 USD) |
|
Paid-up Capital: |
NTD 2,202,258,500 (USD 73,114,982) |
|
Legal Representatives: |
Shaorun Sheng |
|
Legal Form: |
|
|
Principal Activities: |
Manufacturing
and sales of electronic products. |
|
Staff: |
(As of 2015-3-31) |
|
Listed at Stock Exchange: |
|
|
Date of Last Annual Return: |
Subject was incorporated
on 1991-4-24 with registered number 22099759
as Joint Stock Company in Taiwan.
Subject listed on Taiwan Stock Exchange on 1998-12-3.
Factory
|
Address: |
No.20, Creation Rd. 1, Science-Based
Industrial Park, Hsinchu, Taiwan, R.O.C. |
|
Date of Registration: |
1991-7-27 |
|
Factory Registration Number: |
95A00189 |
|
Factory Manager: |
Shaorun Sheng |
|
Status: |
In production |
|
Date of Last Annual Return: |
2013-9-18 |
|
Major Products: |
269 other electronic components 271 computer and related equipment 276 radiation and electronic medical equipment |
Major Related
Companies
|
Avision Enterprise (B. V. I) Inc Avision International Inc Avision Development Inc Sunglow International Inc Avision Labs Inc Sunglow North America Inc Avsion Europe GMBH Avision Brasil Ltda |
Major Shareholders
|
Name |
Subscription Shares |
|
Shaorun Sheng |
12,846,919 |
|
Xiangsheng Chen |
54,806 |
|
Zixiong Li |
472,260 |
|
Yongchun Wu |
50 |
Core Management
Directors
|
1 |
||
|
Name |
Shaorun Sheng |
|
|
Position |
Board Chairman |
|
|
2 |
||
|
Name |
Xiangsheng Chen |
|
|
Position |
Director |
|
|
3 |
||
|
Name |
Zixiong Li |
|
|
Position |
Director |
|
|
4 |
||
|
Name |
Yongchun Wu |
|
|
Position |
Director |
|
|
5 |
||
|
Name |
Bifeng Cai |
|
|
Position |
Independent Director |
|
|
6 |
||
|
Name |
Kuang Chen |
|
|
Position |
Independent Director |
|
|
7 |
||
|
Name |
Mingxiu Peng |
|
|
Position |
Independent Director |
|
|
8 |
||
|
Name |
Shaorun Sheng |
|
|
Position |
Manager |
|
|
Date of Appointment |
1992-12-20 |
|
Personnel Structure
|
Total Employees |
About 1,366 Employees (As of 2015-3-31) |
Offices & Factories
|
|
Headquarters |
|
Add |
No.20, Creation Rd. 1, Science-Based Industrial Park, Hsinchu, Taiwan,
R.O.C. |
Production Information
Subject is engaged in manufacturing of electronic products.
Subject has a factory in Taiwan for production.
Purchase Information
The registered activities of subject:
|
Business Code |
Details |
|
CB01020 |
Manufacturing of office equipment. |
|
CC01060 |
Manufacturing of wired telecommunication equipment. |
|
CE01030 |
Manufacturing of optical instrument. |
|
CC01110 |
Manufacturing of computer and office equipment. |
|
CC01101 |
Manufacturing of radio-frequency equipment under telecommunication regular.
|
|
CF01011 |
Manufacturing of medical devices. |
|
F401021 |
Importing of radio-frequency equipment under telecommunication
regular. |
|
F401010 |
International trading business. |
|
F108031 |
Wholesales of medical devices. |
|
F208031 |
Retails of medical devices. |
|
Researching, developing, producing, manufacturing and sales of
following products: |
|
|
1 |
Digital copier |
|
2 |
Multi-function printer |
|
3 |
Electronic whiteboard |
|
4 |
Sending paper and paging rapidly system. |
|
5 |
Module for scanning |
|
6 |
High-resolution film and image scanner |
|
7 |
High order printer |
|
8 |
Digital projector |
|
9 |
Fax machine and parts |
|
10 |
Optical engine and module |
|
11 |
A handheld scanner in WI-FI. |
|
12 |
Blood analyzer |
|
13 |
The data reader capsule endoscopy |
|
-- |
Consulting of above related business. |
|
-- |
Operating in importing and exporting business |
Subject purchases its components and etc both at home and abroad.
Subject is engaged in sale of electronic products.
The major products include document scanner, flatbed scanner,
multi-function peripheral, network scanner, intelligent/portable scanner.
Subject’s sales regions include Asia, Europe, America, Australia.
Subject’s major customers are manufacturers, distributors of computer
and related equipment.
It is introduced that subject has cooperated with the companies such as
Hewlett-Packard Company, Lexmark International Inc, Borther Industrial Ltd and
etc.
It is introduced that subject has many distributors such as Proscan
Australia Pty Ltd, Dicom International AG.
Import and export right:
|
Import right |
Yes |
|
Export right |
Yes |
Purchase
Domestic Purchase
|
Products |
Components |
|
Payment Terms |
Import
|
Products |
Components |
|
Payment Terms |
L/C, T/T |
Sales
Domestic Markets
|
Product |
Electronic products |
|
Selling Terms |
Cash, T/T |
Export
|
Product |
Electronic products |
|
Selling Terms |
Cash, T/T |
Unit: NTD/000
|
Consolidated |
2014-12-31 |
2013-12-31 |
|
Assets |
|
|
|
Current assets |
|
|
|
Cash and cash
equivalents |
|
|
|
Total cash and
cash equivalents |
1,057,348 |
720,625 |
|
Current financial
assets at fair value through profit or loss |
|
|
|
Total current
financial assets at fair value through profit or loss |
0 |
187,587 |
|
Notes
receivable, net |
|
|
|
Notes
receivable, net |
737 |
50 |
|
Accounts receivable,
net |
|
|
|
Accounts
receivable, net |
580,188 |
528,578 |
|
Accounts
receivable due from related parties, net |
|
|
|
Accounts
receivable due from related parties, net |
9,998 |
11,297 |
|
Other
receivables |
|
|
|
Other
receivables, net |
8,477 |
9,544 |
|
Inventories |
|
|
|
Total
inventories |
893,398 |
1,033,216 |
|
Prepayments |
|
|
|
Total
prepayments |
49,248 |
58,066 |
|
Other current
assets |
|
|
|
Total other current
assets |
9,865 |
15,238 |
|
Total current
assets |
2,609,259 |
2,564,201 |
|
Non-current
assets |
|
|
|
Non-current
available-for-sale financial assets |
|
|
|
Non-current
available-for-sale financial assets, net |
400,855 |
410,879 |
|
Investments
accounted for using equity method |
|
|
|
Investments
accounted for using equity method, net |
67,687 |
69,653 |
|
Property, plant
and equipment |
|
|
|
Total property,
plant and equipment |
1,004,142 |
1,041,425 |
|
Intangible
assets |
|
|
|
Total
intangible assets |
40,088 |
44,568 |
|
Deferred tax
assets |
215,535 |
204,403 |
|
Other
non-current assets |
|
|
|
Total other
non-current assets |
63,045 |
70,722 |
|
Total non-current
assets |
1,791,352 |
1,841,650 |
|
Total assets |
4,400,611 |
4,405,851 |
|
Liabilities |
|
|
|
Current
liabilities |
|
|
|
Short-term
borrowings |
|
|
|
Total
short-term borrowings |
140,507 |
120,167 |
|
Notes payable |
|
|
|
Total notes
payable |
237 |
230 |
|
Accounts
payable |
|
|
|
Total accounts
payable |
320,262 |
347,779 |
|
Other payables |
|
|
|
Total other
payables |
161,512 |
152,854 |
|
Current tax
liabilities |
8,220 |
2,359 |
|
Current
provisions |
|
|
|
Total current
provisions |
13,885 |
13,803 |
|
Other current
liabilities |
|
|
|
Total other
current liabilities |
5,147 |
4,083 |
|
Total current
liabilities |
649,770 |
641,275 |
|
Non-current
liabilities |
|
|
|
Deferred tax
liabilities |
|
|
|
Total deferred
tax liabilities |
60,393 |
44,946 |
|
Other
non-current liabilities |
|
|
|
Total other
non-current liabilities |
151,039 |
146,843 |
|
Total non-current
liabilities |
211,432 |
191,789 |
|
Total
liabilities |
861,202 |
833,064 |
|
Equity |
|
|
|
Equity
attributable to owners of parent |
|
|
|
Share capital |
|
|
|
Ordinary share |
2,202,244 |
2,202,176 |
|
Total capital
stock |
2,202,244 |
2,202,176 |
|
Capital surplus |
|
|
|
Capital
surplus, additional paid-in capital |
|
|
|
Total capital
surplus, additional paid-in capital |
650,263 |
650,263 |
|
Capital surplus,
treasury share transactions |
17,157 |
17,157 |
|
Capital
surplus, changes in equity of associates and joint ventures accounted for
using equity method |
63 |
63 |
|
Capital
surplus, employee share options |
115,019 |
104,415 |
|
Total capital
surplus |
782,502 |
771,898 |
|
Retained
earnings |
|
|
|
Legal reserve |
586,521 |
586,521 |
|
Special reserve |
5,836 |
5,836 |
|
Unappropriated
retained earnings (accumulated deficit) |
|
|
|
Total unappropriated
retained earnings (accumulated deficit) |
-215,422 |
-129,108 |
|
Total retained
earnings |
376,935 |
463,249 |
|
Other equity
interest |
|
|
|
Exchange
differences on translation of foreign financial statements |
|
|
|
Total exchange
differences on translation of foreign financial statements |
247,255 |
194,884 |
|
Unrealized
gains (losses) on available-for-sale financial assets |
|
|
|
Total unrealized
gains (losses) on available-for-sale financial assets |
-29,193 |
-18,225 |
|
Total other
equity interest |
218,062 |
176,659 |
|
Treasury shares |
41,195 |
41,195 |
|
Total equity
attributable to owners of parent |
3,538,548 |
3,572,787 |
|
Non-controlling
interests |
861 |
0 |
|
Total equity |
3,539,409 |
3,572,787 |
|
Number of share
capital awaiting retirement |
0 |
0 |
|
Equivalent
issue shares of advance receipts for ordinary share |
0 |
0 |
|
Number of shares
in entity held by entity and by its subsidiaries |
3,625,078 |
3,625,078 |
Unit: NTD/000
|
Consolidated |
2014 |
2013 |
|
Operating
revenue |
|
|
|
Total operating
revenue |
2,792,406 |
2,818,145 |
|
Operating costs |
|
|
|
Total operating
costs |
2,032,793 |
2,176,162 |
|
Gross profit
(loss) from operations |
759,613 |
641,983 |
|
Gross profit
(loss) from operations |
759,613 |
641,983 |
|
Operating
expenses |
|
|
|
Selling
expenses |
|
|
|
Total selling
expenses |
181,909 |
157,738 |
|
Administrative
expenses |
|
|
|
Total
administrative expenses |
226,920 |
292,873 |
|
Research and
development expenses |
|
|
|
Total research
and development expenses |
482,552 |
492,584 |
|
Total operating
expenses |
891,381 |
943,195 |
|
Net operating
income (loss) |
-131,768 |
-301,212 |
|
Non-operating
income and expenses |
|
|
|
Other income |
|
|
|
Total other
income |
22,872 |
33,007 |
|
Other gains and
losses |
|
|
|
Other gains and
losses, net |
54,456 |
25,786 |
|
Finance costs |
|
|
|
Finance costs,
net |
6,276 |
6,439 |
|
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 |
-1,504 |
-689 |
|
Total
non-operating income and expenses |
69,548 |
51,665 |
|
Profit (loss)
from continuing operations before tax |
-62,220 |
-249,547 |
|
Tax expense (income) |
|
|
|
Total tax
expense (income) |
22,689 |
-3,522 |
|
Profit (loss)
from continuing operations |
-84,909 |
-246,025 |
|
Profit (loss) |
-84,909 |
-246,025 |
|
Other
comprehensive income |
|
|
|
Exchange
differences on translation |
61,464 |
85,735 |
|
Unrealised
gains (losses) on valuation of available-for-sale financial assets |
-12,368 |
60,278 |
|
Actuarial gains
(losses) on defined benefit plans |
-1,629 |
11,613 |
|
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 |
1,603 |
-784 |
|
Income tax related
to components of other comprehensive income |
9,019 |
26,663 |
|
Other
comprehensive income, net |
40,051 |
130,179 |
|
Total
comprehensive income |
-44,858 |
-115,846 |
|
Profit (loss),
attributable to: |
|
|
|
Profit (loss), attributable
to owners of parent |
-84,962 |
-246,025 |
|
Profit (loss),
attributable to non-controlling interests |
53 |
0 |
|
Comprehensive
income attributable to: |
|
|
|
Comprehensive
income, attributable to owners of parent |
-44,911 |
-115,846 |
|
Comprehensive
income, attributable to non-controlling interests |
53 |
0 |
|
Basic earnings
per share |
|
|
|
Basic earnings
(loss) per share from continuing operations |
-0.39 |
-1.14 |
|
Total basic
earnings per share |
-0.39 |
-1.14 |
|
Diluted
earnings per share |
|
|
|
Diluted
earnings (loss) per share from continuing operations |
-0.39 |
-1.14 |
|
Total diluted
earnings per share |
-0.39 |
-1.14 |
Unit: NTD/000
|
Consolidated |
2014 |
2013 |
|
Cash flows from
(used in) operating activities, indirect method |
|
|
|
Profit (loss)
from continuing operations before tax |
-62,220 |
-249,547 |
|
Profit (loss)
before tax |
-62,220 |
-249,547 |
|
Adjustments |
|
|
|
Adjustments to reconcile
profit (loss) |
|
|
|
Depreciation
expense |
194,176 |
199,898 |
|
Amortization
expense |
13,034 |
7,384 |
|
Provision
(reversal of provision) for bad debt expense |
-26,761 |
114,044 |
|
Net loss (gain)
on financial assets or liabilities at fair value through profit or loss |
0 |
-847 |
|
Interest
expense |
6,020 |
6,439 |
|
Interest income |
-2,582 |
-3,307 |
|
Dividend income |
-7,772 |
-6,330 |
|
Share-based
payments |
10,604 |
24,673 |
|
Share of loss
(profit) of associates and joint ventures accounted for using equity method |
1,504 |
689 |
|
Loss (gain) on
disposal of property, plan and equipment |
890 |
-1,440 |
|
Loss (gain) on
disposal of investments |
-17,042 |
1,994 |
|
Total
adjustments to reconcile profit (loss) |
172,071 |
343,197 |
|
Changes in
operating assets and liabilities |
|
|
|
Changes in
operating assets |
|
|
|
Decrease
(increase) in notes receivable |
-687 |
1,487 |
|
Decrease
(increase) in accounts receivable |
-21,960 |
245,505 |
|
Decrease
(increase) in accounts receivable due from related parties |
1,299 |
1,528 |
|
Decrease
(increase) in other receivable |
1,067 |
3,873 |
|
Decrease (increase)
in inventories |
145,723 |
291,210 |
|
Decrease
(increase) in prepayments |
8,818 |
-3,387 |
|
Decrease
(increase) in other operating assets |
13,091 |
-12,723 |
|
Total changes
in operating assets |
147,351 |
527,493 |
|
Changes in
operating liabilities |
|
|
|
Increase
(decrease) in notes payable |
-7 |
-2,111 |
|
Increase
(decrease) in accounts payable |
-40,235 |
-126,040 |
|
Increase
(decrease) in other payable |
7,020 |
14,944 |
|
Increase (decrease)
in provisions |
82 |
928 |
|
Increase
(decrease) in receipts in advance |
0 |
0 |
|
Increase
(decrease) in other current liabilities |
1,065 |
-4,962 |
|
Increase
(decrease) in accrued pension liabilities |
4,193 |
148 |
|
Total changes
in operating liabilities |
-27,882 |
-117,093 |
|
Total changes
in operating assets and liabilities |
119,469 |
410,400 |
|
Total
adjustments |
291,540 |
753,597 |
|
Cash inflow
(outflow) generated from operations |
229,320 |
504,050 |
|
Interest
received |
2,582 |
3,307 |
|
Dividends
received |
7,772 |
8,897 |
|
Interest paid |
-5,662 |
-7,373 |
|
Income taxes
refund (paid) |
-16,201 |
-15,927 |
|
Net cash flows
from (used in) operating activities |
217,811 |
492,954 |
|
Cash flows from
(used in) investing activities |
|
|
|
Acquisition of
financial assets at fair value through other comprehensive income |
-2,395,407 |
-187,587 |
|
Proceeds from disposal
of financial assets at fair value through other comprehensive income |
2,597,982 |
0 |
|
Acquisition of
available-for-sale financial assets |
-2,998 |
-3,615 |
|
Proceeds from
disposal of available-for-sale financial assets |
1,627 |
3,528 |
|
Increase in
prepayments for investments |
0 |
0 |
|
Acquisition of
property, plant and equipment |
-134,911 |
-91,308 |
|
Proceeds from
disposal of property, plant and equipment |
1,879 |
15,103 |
|
Decrease in
refundable deposits |
-43 |
1,197 |
|
Acquisition of
intangible assets |
-8,916 |
-14,961 |
|
Decrease in
other non-current assets |
0 |
0 |
|
Net cash flows
from (used in) investing activities |
59,213 |
-277,643 |
|
Cash flows from
(used in) financing activities |
|
|
|
Increase in
short-term loans |
15,981 |
-224,565 |
|
Increase in
guarantee deposits received |
4 |
1,093 |
|
Cash dividends
paid |
0 |
0 |
|
Exercise of
employee share options |
68 |
77 |
|
Net cash flows
from (used in) financing activities |
16,053 |
-223,395 |
|
Effect of
exchange rate changes on cash and cash equivalents |
43,646 |
17,915 |
|
Net increase
(decrease) in cash and cash equivalents |
336,723 |
9,831 |
|
Cash and cash
equivalents at beginning of period |
720,625 |
710,794 |
|
Cash and cash
equivalents at end of period |
1,057,348 |
720,625 |
|
Cash and cash
equivalents reported in the statement of financial position |
1,057,348 |
720,625 |
Note: Subject did not submit the latest independent financial
information to the official registry. We only provide the above consolidated
financial information of the subject for your reference.
The above financial figures are based on the IFRSs Accounting System.
Subject declined to disclose its bank details; from 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
|
Trial Number: |
2000, Zhujian, 153 |
|
Date of Trial: |
2000-4-6 |
|
Reason: |
Payment for sales |
|
Claimant: |
Tai Xiao Co., Ltd (Liberal Translation) |
|
Defendant: |
Avision Inc. |
Interview Details
|
Department |
Sales Department |
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.66.06 |
|
|
1 |
Rs.102.35 |
|
Euro |
1 |
Rs.74.97 |
INFORMATION DETAILS
|
Analysis Done by
: |
TRI |
|
|
|
|
Report Prepared
by : |
TPT |
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.