|
Report No. : |
353916 |
|
Report Date : |
16.12.2015 |
IDENTIFICATION DETAILS
|
Name : |
ROSY BLUE HONG KONG LTD. |
|
|
|
|
Registered Office : |
Room 403-404, 4/F., Harbour Centre, Tower 2, 8 Hok Cheung Street,
Hunghom, Kowloon |
|
|
|
|
Country : |
Hong Kong |
|
|
|
|
Date of Incorporation : |
15.07.1986 |
|
|
|
|
Com. Reg. No.: |
10439855 |
|
|
|
|
Legal Form : |
Private Limited Company |
|
|
|
|
Line of Business : |
Importer, Exporter, Wholesaler and Distributor of All kinds of diamond
and jewellery. |
|
|
|
|
Employees: |
16 |
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 : |
Slow but correct |
|
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) |
|
Hong Kong |
A1 |
A1 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
|
Moderate |
B1 |
|
High |
B2 |
|
Very High |
C1 |
|
Restricted |
C2 |
|
Off-credit |
D |
HONG KONG - 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 12.5% of total system deposits in Hong
Kong by the end of 2014. 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 47.3 million
in 2014, 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 2014 mainland Chinese companies constituted about 50% of the
firms listed on the Hong Kong Stock Exchange and accounted for about 60.1% 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
4.4% in 2014. 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 2014, Hong Kong and China signed a new agreement on achieving basic
liberalization of trade in services in Guangdong Province under the Closer
Economic Partnership Agreement, adopted in 2003 to forge closer ties between
Hong Kong and the mainland. The new measures, effective from March 2015, cover
a negative list and a most-favored treatment provision, and will improve access
to the mainland's service sector for Hong Kong-based companies.
|
Source
: CIA |
ROSY
BLUE HONG KONG LTD.
ADDRESS:
Room 403-404, 4/F., Harbour Centre, Tower 2,
8 Hok Cheung Street, Hunghom, Kowloon, Hong Kong.
PHONE: 852-2523 9475
FAX: 852-2845 0940, 2523 9030,
2523 9538
E-MAIL: info@rosyblue.com.hk
hongkong@rosyblue.com
Managing Director: Mr.
Maiank Mehta
Incorporated on: 15th
July, 1986.
Organization: Private
Limited Company.
Issued Share Capital: HK$3.00 & US$3,700,000.00
Business Category: Diamond and Jewellery Trader.
Employees:
16.
Main Dealing Banker: The Royal Bank of Scotland N.V., Hong Kong Branch.
Banking Relation: Good.
ROSY
BLUE HONG KONG LTD.
ADDRESS:
Registered
Head Office:-
Room 403-404, 4/F., Harbour Centre, Tower 2,
8 Hok Cheung Street, Hunghom, Kowloon, Hong Kong.
Holding
Company:-
Prime Investments S.A., Luxembourg.
Ultimate
Holding Company:-
Rosy Blue Investments S.a.r.l., Luxembourg.
Associated/Affiliated
Companies:-
Rosy Blue Group of
Companies
Diamotech CJSC, Armenia.
Inter Gold Europe N.V., Belgium.
Inter Gold Gems Pvt. Ltd., India.
Inter Gold India Pvt. Ltd., India.
International Gold Co. Pvt. Ltd., India.
Jewel-Asia Ltd., Hong Kong.
Lanka Diamond Polishing Ltd., Sri Lanka.
Linyi Rosy Blue Huaxing (D & J) Co.
Ltd., China.
MZF Jewelry Co. BVBA, Belgium.
R.B. Diamantslijperij BVBA, Belgium.
R.B. Solitaires Inc., USA.
RB Centro Inc., USA.
Rosy Blue (Eurasia) FZE, UAE.
Rosy Blue (India) Pvt. Ltd., India.
Rosy Blue (Shanghai) Diamond Co. Ltd.,
China.
Rosy Blue Diamond Co. Ltd., Thailand.
Rosy Blue Diamonds Johannesburg (Pty) Ltd.,
South Africa.
Rosy Blue DMCC, UAE.
Rosy Blue Enterprises SA, Luxembourg.
Rosy Blue Excellent LLC, Russian Federation.
Rosy Blue Fine Inc., USA.
Rosy Blue Inc., USA.
Rosy Blue Jewellery (HK) Ltd., Hong Kong.
Rosy Blue Jewelry Inc., USA.
Rosy Blue Ltd., Japan.
Rosy Blue N.V., Belgium.
Rosy Blue NV (RBIN-036BE) Tier A, Belgium.
Rosy Blue Overseas Holdings Ltd., Hong Kong.
Rosy Blue Sales Ltd., Israel.
Rosy Blue Services NV, Belgium.
Rosy Blue Trading (Pty) Ltd., South Africa.
Rosy Blue Trading Inc., USA.
Rosy Blue Trading LLC, UAE.
Step Stones Ltd., Thailand.
Tai Shan Gems Ltd., Hong Kong.
etc.
10439855
0171832
Executive Director & Group Chief
Executive Officer: Mr. Dilip Ramniklal
Mehta
Managing Director: Mr. Maiank Mehta
Contact Person: Ms. Jonas Woo
HK$3.00 & US$3,700,000.00 (Divided into
3 ordinary shares of HK$1.00 and 3,700,000 redeemable preference shares of
US$1.00 each)
(As per registry dated 15-07-2015)
|
Name |
|
No.
of shares |
|
|
|
|
|
Redeemable
Preference |
|
Maiank MEHTA |
|
1 |
-- |
|
Prime Investments S.A. 63, Boulevard Prince Felix, L-1513
Luxembourg, Luxembourg. |
|
2 |
3,700,000 |
|
|
|
–– |
–––––––– |
|
|
Total: |
3 = |
3,700,000 ======= |
(As per registry dated 15-07-2015)
|
Name (Nationality) |
Address |
|
Rajkumar MEHTA |
Ahornenlaan 15, B-2610 Antwerpen, Belgium. |
|
Dilip Ramniklal MEHTA |
12.10 Al Barari – 600-Nad Al Shiba, Dubai,
UAE. |
|
Maiank MEHTA |
Flat A, 7/F., Block 1, Estoril Court, 55
Garden Road, Hong Kong. |
(As per registry dated 15-07-2015)
|
Name |
Address |
Co.
No. |
|
TMF Secretaries (HK) Ltd. |
36/F., Tower Two, Tines Square, 1 Matheson
Street, Causeway Bay, Hong Kong. |
0099444 |
The subject was incorporated on 15th July, 1986
as a private limited liability company under the Hong Kong Companies Ordinance.
Originally the subject was registered under
the name of Jade Made Enterprises Ltd., name changed to R.B. Diamond Sales Ltd.
on 7th October, 1986; and further to the present style on 17th January, 1997.
Formerly the subject’s registered office was
located at 18/F., Lincoln House, Taikoo Place, 979 King’s Road, Quarry Bay,
Hong Kong, moved to 31/F., The Center, 99 Queen’s Road Central,
Hong Kong in August 2005, and further to the present address with effect
from 16th May, 2011.
Last time the head office of the subject was
located at Room 3601, 36/F., New World Tower, 18 Queen’s Road Central, Hong
Kong. Now, the subject’s registered
office is the same as its operating office.
Apart from these, neither material change
nor amendment has been ever traced and noted.
Activities: Importer,
Exporter, Wholesaler and Distributor.
Lines: All
kinds of diamond and jewellery.
Brand Name:
Rosy Blue.
Employees: 16.
Commodities Imported: Imported from Belgium, India, Israel, US, Thailand, etc.
Markets: Japan,
US, Europe, Asian countries, etc.
Terms/Sales:
Various terms.
Terms/Buying: L/C,
T/T, etc.
Japan Jewellery Association, Japan.
The Hong Kong General Chamber of Commerce,
Hong Kong.
[Membership No. HKR0306]
The Indian Chamber of Commerce Hong Kong,
Hong Kong.
Issued Share Capital: HK$3.00
& US$3,700,000.00 (Divided into 3 ordinary shares of HK$1.00 and 3,700,000
redeemable preference shares of US$1.00 each)
Indebtedness: US$15,694,145.07 (Total amount outstanding on all mortgages
and charges as per last Annual Return dated 15-07-2015)
Mortgage or Charge: (See attachment)
Profit or Loss: Making a small profit every year.
Condition: Keeping
in an active manner.
Facilities: Making
active use of general banking facilities.
Payment:
Met trade
commitments as contracted.
Commercial Morality: Good.
Bankers:-
The Royal Bank of
Scotland N.V., Hong Kong Branch.
Antwerpse
DiamantBank NV
(also known as Antwerp Diamond Bank NV), Hong Kong Branch.
Standing:
Very Good.
Incorporated in 1986, Rosy Blue Hong Kong
Ltd. is one third owned by Mr. Maiank Mehta and two thirds held by Prime
Investments S.A., a Luxembourg-registered firm.
The subject in fact is a member of the Rosy Blue Group with headquarters
in Luxembourg known as Rosy Blue Investments S.a.r.l. [Rosy Blue].
The subject is trading in fine diamonds and
jewellery. It is able to provide
customers with a wide range of polished diamonds with different sizes, colour
cuttings and quantities. Moreover, it
provides finished jewellery products to worldwide customers.
Main products of the subject are the
followings:
Diamond pendants, white gold diamond
pendants, white gold diamond rings, 18K gold rings, 18K gold earrings, white
gold rings, white gold pendants, gold rings, loose diamonds, carat size
diamonds, diamond necklaces, earrings, etc.
Most of the products bear the brand name Rosy Blue.
Originally Rosy Blue was established in 1960
in Mumbai, India as a diamond manufacturer.
It is an Indian firm with corporate headquarters in India. Currently, Rosy Blue is a family-owned
company chiefly owned by the members of Mehta and Bhansali families.
As a sightholder and client of the Diamond
Trading Company, BHP, Rio Tinto Diamonds and Alrosa, Rosy Blue is a key
infrastructure provider to both small and large businesses.
Rosy Blue is one of the renowned diamond and
jewellery companies in the world. Founded in 1960, Rosy Blue has grown from a
single workshop specialized in polishing small diamonds to a global
corporation. In 1973, Rosy Blue opened
its new international headquarters in Antwerp, Belgium.
As a family-owned corporation with over 40
years of experience, the skill and knowledge of Rosy Blue have passed from
generation to generation.
Rosy Blue has its headquarters in India and
Belgium with offices, factories and stores in 13 countries, having about 5,100
direct employees. The significant sales
office of Rosy Blue are in Belgium, Israel, the United Arab Emirates, Japan,
the United States, South Africa, China, etc.
The main category products of the Rosy Blue
Group are:-
Rough Diamonds;
Core Polished Diamonds;
Specialist Polished Diamonds;
Diamond Jewellery; &
Polished Outcome.
Besides, Rosy Blue also has a 25% stake in
the jewellery company Tse Sui Luen Jewellery (International) Ltd. [TSL]. TSL is a listed firm in Hong Kong. It usually purchases raw materials and
finished goods from the subject.
Besides, Rosy Blue Group is holding
preference shares of TSL which is a listed company in Hong Kong. TSL was founded by Mr. Tse Sui Luen in 1971,
and was listed on the Hong Kong Stock Exchange in 1987. TSL is currently one of the largest jewellers
in Asia, principally engaged in jewellery design, retailing, export and
manufacturing. The Group operates over
200 jewellery boutiques spanning major cities in Asia, including Beijing,
Shanghai, Guangzhou, Hong Kong, Macau, Kuala Lumpur and Japan.
Rosy Blue is now a global leader in the
design, manufacture and distribution of fine diamonds and jewellery.
Rosy Blue also trades in rough
diamonds. The rough diamonds range from
the smallest to the largest which are in all forms and colours. Rosy Blue procures diamonds from miners in
Canada, Russia, South Africa and South America.
Rose Blue’s customers range from the world’s
prestigious brands to small, specialty jewellery houses.
In order to penetrate the international
market further, the subject has taken part in fairs and exhibitions held in
Hong Kong and other foreign large cities.
For instance, it took part in “HKTDC Hong Kong International Diamond,
Gem & Pearl Show 2016” which had been held in Hong Kong AsiaWorld-Expo,
Lantau, Hong Kong during the period of 2nd to 6th March, 2016.
Besides, it is going to take part in “HKTDC
Hong Kong International Jewellery Show 2016” which will be held in Hong Kong
Convention and Exhibition Centre, Wanchai, Hong Kong during the period of 3rd
to 7th March, 2016.
The subject’s total amount outstanding
registered with the Companies Registry as at mid-July 2015 amounted to US$15.7
million.
The subject owns premises in Hong Kong and
operates from its own office.
The business of the subject is chiefly
handled by Ms. Jonas Woo who is the marketing coordinator.
As the history of the subject in Hong Kong
is over twenty-nine years and four months, on the whole, consider it good for
normal business engagements.
Court case:-
|
Action
Date |
Case
No. |
Plaintiff |
Defendant |
Cause |
Amount |
|
Sept. 1995 |
H9184 |
R.B. Diamond Sales Ltd. [Now known as Rosy
Blue Hong Kong Ltd.] |
La Venti Co. Ltd. |
Amount due |
HK$294,485 |
|
Dec. 1998 |
H21734 |
Rosy Blue Hong Kong Ltd. |
Asian Gem Distributors (Hong Kong)
Ltd. |
Amount due |
HK$252,829 |
|
Nov. 2003 |
H1243 |
Rosy Blue Hong Kong Ltd. |
Anson Fine Jewellery Ltd. |
Companies Winding Up Proceedings |
Not stated |
Property
information of the company:-
1. Property
Location: Workshop Unit 2 on 4/F.,
Harbour Centre, Tower 2,
8 Hok Cheung Street, Kowloon, Hong Kong.
Owner: Rosy
Blue Hong Kong Ltd.
Date of Purchase: n.a.
Purchased Price: n.a.
Incumbrances:-
|
Date
of Mortgage |
Amount
Consideration |
Mortgagee |
Nature |
|
28-09-2007 |
- |
ABN AMRO Bank N.V., Hong Kong
Branch. [Now known as The Royal Bank
of Scotland N.V.] |
Mortgage to secure general banking
facilities |
2. Property
Location: Workshop Unit 3 on 4/F.,
Harbour Centre, Tower 2,
8 Hok Cheung Street, Kowloon, Hong Kong.
Owner: Rosy
Blue Hong Kong Ltd.
Date of Purchase: n.a.
Purchased Price: n.a.
Incumbrances:-
|
Date
of Mortgage |
Amount
Consideration |
Mortgagee |
Nature |
|
28-09-2007 |
- |
ABN AMRO Bank N.V., Hong Kong Branch. [Now known as The Royal Bank of Scotland
N.V.] |
Mortgage to secure general banking
facilities |
3. Property
Location: Workshop Unit 4 on 4/F.,
Harbour Centre, Tower 2,
8 Hok Cheung Street, Kowloon, Hong Kong.
Owner: Rosy
Blue Hong Kong Ltd.
Date of Purchase: n.a.
Purchased Price: n.a.
Incumbrances:-
|
Date
of Mortgage |
Amount
Consideration |
Mortgagee |
Nature |
|
30-11-2007 |
- |
ABN AMRO Bank N.V., Hong Kong
Branch. [Now known as The Royal Bank
of Scotland N.V.] |
Mortgage to secure general banking
facilities |
|
Date |
Particulars |
Amount |
|
24-01-2002 |
Instrument: Debenture Property: 1) All
freehold and leasehold property of the Company 2) All
stocks shares bonds and securities of any kind whether marketable or
otherwise and all other interests including loan capital of the Company 3) All
book and other debts revenues and claims 4) The
uncalled capital goodwill and all patents patent applications trade marks
trade names registered designs and copyrights and all licences and ancillary
and connected rights relating to the intangible property 5) The
undertaking and all other assets of the Company Mortgagee: Antwerpse DiamantBank NV (also known
as Antwerp Diamond Bank NV), Hong Kong Branch. |
The general credit facilities of sum of
HK$78,000,000 |
|
16-07-2003 |
Instrument: Debenture Property: All the Company’s undertaking and property
and assets whatsoever and wheresoever both present and future including all
book and other debts revenues and claims Mortgagee: ABN AMRO Bank N.V., Hong Kong
Branch. [Now known as The Royal Bank
of Scotland N.V.] |
General banking facilities |
|
27-04-2006 |
Instrument: Supplemental Debenture Property: The subject matter of the charge contained
in the Debenture dated 16-07-2003, namely all the Company’s undertaking and
property and assets whatsoever and wheresoever both present and future
including all book and other debts revenues and claims Mortgagee: ABN AMRO Bank N.V., Hong Kong
Branch. [Now known as The Royal Bank
of Scotland N.V.] |
General banking facilities |
|
28-09-2007 |
Instrument: Mortgage Property: 56/5,767th parts or shares of and in The
Remaining Portion of Kowloon Marine Lot No. 113 (Workshop Unit 2 on 4/F. of
Harbour Centre, Tower 2, 8 Hok Cheung Street, Hunghom, Kowloon, Hong Kong.) Mortgagee: ABN AMRO Bank N.V., Hong Kong
Branch. [Now known as The Royal Bank
of Scotland N.V.] |
All moneys, obligations and liabilities |
|
28-09-2007 |
Instrument: Rental Assignment Property: 56/5,767th parts or shares of and in The
Remaining Portion of Kowloon Marine Lot No. 113 (Workshop Unit 2 on 4/F. of Harbour
Centre, Tower 2, 8 Hok Cheung Street, Hunghom, Kowloon, Hong Kong.) Mortgagee: ABN AMRO Bank N.V., Hong Kong
Branch. [Now known as The Royal Bank
of Scotland N.V.] |
All moneys, obligations and liabilities |
|
28-09-2007 |
Instrument: Mortgage Property: 54/5,767th parts or shares of and in The
Remaining Portion of Kowloon Marine Lot No. 113 (Workshop Unit 3 on 4/F. of
Harbour Centre, Tower 2, 8 Hok Cheung Street, Hunghom, Kowloon, Hong Kong.) Mortgagee: ABN AMRO Bank N.V., Hong Kong
Branch. |
All moneys, obligations and liabilities |
|
30-11-2007 |
Instrument: Mortgage Property: 66/5,767th parts or shares of and in The
Remaining Portion of Kowloon Marine Lot No. 113 (Workshop Unit 4 on 4/F. of Harbour
Centre, Tower 2, 8 Hok Cheung Street, Hunghom, Kowloon, Hong Kong.) Mortgagee: ABN AMRO Bank N.V., Hong Kong
Branch. [Now known as The Royal Bank
of Scotland N.V.] |
All moneys, obligations and liabilities |
DIAMOND INDUSTRY – INDIA
-
From time immemorial, India is well known in the world
as the birthplace for diamonds. It is difficult to trace the origin of
diamonds but history says that in the remote past, diamonds were mined only in
India. Diamond production in India can be traced back to almost 8th
Century B.C. India, in fact, remained undisputed leader till 18th
Century when Brazilian fields were discovered in 1725 followed by emergence of
S. Africa, Russia and Australia.
-
The achievement of the Indian diamond industry was
possible only due to combination of the manufacturing skills of the Indian
workforce and the untiring and unflagging efforts of the Indian diamantaires,
supported by progressive Government policies.
-
The area of study of family owned diamond businesses
derives its importance from the huge conglomerate of family run organizations
which operate in the diamond industry since many generations.
-
Some of the basic traits of family run business
enterprises include spirit of entrepreneurship, mutual trust lowers transaction
costs, small, nimble and quick to react, information as a source of advantage
and philanthropy.
-
Family owned diamond businesses need to improve on
many fronts including higher standard of corporate governance, long-term
performance – focused strategies, modern management and technology.
-
Utmost caution is to be exercised while dealing with
some medium and large diamond traders which are usually engaged in fictitious
import – export, inter-company transactions, financially assisted by banks. In
the process, several public sector banks lost several hundred million rupees.
They mostly diverted borrowed money for diamond business into real estate and
capital markets.
-
Excerpts from Times of India dated 30th
October 2010 is as under –
-
Gem & Jewellery Export Promotion Council in its
statistical data has shown the export of polished diamonds to have increase by
28 % in February 2013. Compared to $ 1.4 bn worth of polished diamond export in
February, 2012, India exported $ 1.84 billion worth of polished diamonds in
February 2013. A senior executive of GJEPC said, “Export of cut and polished
diamonds started falling month-wise after the imposition of 2 % of import duty
on the polished diamonds. But February, 2013 has given a new ray of hope to the
industry as the export of polished diamonds has actually increased by 28 %. It
means the industry is on the track of recovery and round tripping of
diamonds has stopped completely.” Demand has started coming from the US, the
UK, Japan and China. India’s polished diamond export is expected to cross $ 21
bn in 2013-14.
-
The banking sector has started exercising restraint
while following prudent risk management norms when lending money to gems and
jewellery sector. This follows the implementation of Basel III accord – a global
voluntary regulatory standard on bank capital adequacy, stress testing and
market liquidity.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.67.04 |
|
|
1 |
Rs.101.67 |
|
Euro |
1 |
Rs.73.93 |
|
HKD |
1 |
Rs.8.63 |
Note :
Above are approximate rates obtained from sources believed to be correct
INFORMATION DETAILS
|
Analysis Done by
: |
KIN |
|
|
|
|
Report Prepared
by : |
SDA |
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.