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Report No. : |
356272 |
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Report Date : |
28.12.2015 |
IDENTIFICATION DETAILS
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Name : |
PAU TAI INDUSTRIAL CORPORATION |
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Registered Office : |
2F., No.301, Sung Chiang Rd., Jhongshan District,
Taipei City 104, Taiwan (R.O.C.) |
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Country : |
Taiwan |
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Date of Incorporation : |
14.10.1971 |
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Com. Reg. No.: |
03315911 |
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Legal Form : |
Joint Stock Company |
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Line of Business : |
Manufacturing and Sale of Chemicals. |
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No. of Employees : |
About 100 |
RATING & COMMENTS
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MIRA’s Rating : |
Ba |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal commitments. |
Satisfactory |
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Status : |
Satisfactory |
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Payment Behaviour : |
No Complaints |
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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 |
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Risk Category |
ECGC Classification |
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Insignificant |
A1 |
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Low |
A2 |
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Moderate |
B1 |
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High |
B2 |
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Very High |
C1 |
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Restricted |
C2 |
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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.
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Source
: CIA |
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Company Name: |
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Supplied Name: |
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Trading Address: |
2F., No.301,
Sung Chiang Rd., Jhongshan District, Taipei City 104, Taiwan (R.O.C.) |
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Supplied Address: |
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Telephone Number: |
+886-2-2505-3841 |
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Fax Number: |
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E-mail: |
Note: The complete address is as above.
Subject was incorporated
on 1971-10-14 with registered number 03315911
as Joint Stock Company in Taiwan.
Factory
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1 |
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Name: |
Danshui 2nd Plant |
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Address: |
No. 69-2, Sec. 2, N. Xin Rd., Danshui Dist., New Taipei City
Government, Taiwan |
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Date of Foundation: |
1998-10-28 |
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Date of Registration: |
1999-7-6 |
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Factory Registration Number: |
99618957 |
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Factory Manager: |
Chengmao Lin |
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Status: |
In production |
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Date of Last Annual Return: |
2013-12-15 |
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Major Products: |
199 other chemical products |
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2 |
|
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Name: |
Danshui Plant |
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Address: |
No. 70-14, Xia Gui Rou Hill, Danshui Dist., New Taipei City
Government, Taiwan |
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Date of Foundation: |
1979-1-1 |
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Date of Registration: |
1974-10-5 |
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Factory Registration Number: |
99618963 |
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Factory Manager: |
Chengmao Lin |
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Status: |
In production |
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Date of Last Annual Return: |
2003-1-20 |
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Major Products: |
181 basic chemical material 182 petrochemical materials 183 fertilizer |
Major Related Companies
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1 |
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Name: |
Pau Tai International(Shanghai) Co., Ltd. |
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Address: |
Tomson Centre B-Tung-1203 No.188., Zhangyang Road Pudong New District,
Shanghai, China |
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Telephone number: |
+86-21-6888-2701 |
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Fax Number: |
+86-21-6888-5701 |
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2 |
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Name: |
Pau Tai Industrial (Thailand) Co., Ltd. |
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Address: |
66/52 Moo 12, Puthamonthon Sai 5 Road, Tambol Raiking, Amphur Sampran,
Nakom Prathom Province 73210, Thailand |
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+66-2811-7818 |
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Fax Number: |
+66-2431-3138 |
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3 |
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Name: |
Xiamen United Chemical Co. Limited (literal
translation) |
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Address: |
Flat C, 26th Floor, World Trade Center, No. 388 Hubin S.
Rd., Xiamen City, Fujian Province, China |
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Telephone number: |
+86-592-5183028/5183029/5162956/5162957 |
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Fax Number: |
+86-592-516-2960 |
Major Shareholders
|
Name |
Subscription Shares |
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Chengmao Lin |
1,439,006 |
|
Wenhui Wucai |
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|
91,839 |
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Yuzheng Lin |
7,697,086 |
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Yumin Lin |
924,754 |
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Junyan Wu |
2,136,538 |
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Shiying Lin |
76,000 |
Core Management
Directors
|
1 |
||
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Name |
Chengmao Lin |
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Position |
Board Chairman |
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2 |
||
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Name |
Wenhui Wucai |
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Position |
Director |
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3 |
||
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Name |
Yuzheng Lin |
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Position |
Director |
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4 |
||
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Name |
Yumin Lin |
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Position |
Director |
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5 |
||
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Name |
Junyan Wu |
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Position |
Director |
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6 |
||
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Name |
Shiying Lin |
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Position |
Supervisor |
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Personnel Structure
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Total Employees |
About 100 employees (Taiwan) |
Offices & Factories
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Headquarters |
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Add |
2F., No.301, Sung Chiang Rd., Jhongshan District, Taipei City 104,
Taiwan (R.O.C.) |
Production Information
Subject is engaged in manufacturing of chemicals.
Subject has two factories in Taiwan for production.
Purchase Information
The registered activities of subject:
|
Business Code |
Details |
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F102170 |
Wholesale of food and miscellaneous goods |
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F203010 |
Retails of food, drinks and miscellaneous goods. |
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F401010 |
International trade |
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C801010 |
Manufacturing of basic chemical |
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C801020 |
Manufacturing of petrochemical raw materials |
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C801110 |
Manufacturing of fertilizer |
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C801100 |
Manufacturing of synthetic resin and plastic |
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C802990 |
Manufacturing of miscellaneous chemical product |
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ZZ99999 |
Besides licensed business, all other
business items those are not banned or restricted. |
The components and raw material for production are purchased from both
home and abroad.
Subject is engaged in sale of chemicals.
The major products sold by the subject are lead stabilizers, metallic
soap stabilizers, liquid barium-cadmium-zinc stabilizers, liquid barium-zinc
stabilizers, organo phosphite chelators, organo tin stabilizers, foam
stabilizers, non-toxic calcium-zinc stabilizers, PVC paste resin stabilizers,
solid complex stabilizers and special lubricants.
Subject’s sales regions include Mainland China, United States, Europe
and Southeast Asia.
Subject’s major customers are Halstab
A Div. Of Hammond Group Inc. and Rrkabel Limited.
Major Products
|
Types |
Applied in |
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Lead solid stabilizers |
White opaque products; window profiles;
corrugated, rigid pipe and plate; electrical insulation products, etc. |
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Metallic soap stabilizers |
Rigid and flexible transparency products;
flexible and rigid products, |
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Liquid Barium-Cadmium-Zinc Stabilizers |
Semi-rigid and flexible PVC articles
processed by extrusion and molding, etc. |
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Liquid barium-zinc stabilizers |
Semi-rigid and flexible transparent and
white-pigmented formulations; calendering, extrusion flexible formulations
and plastisol. |
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Organo phosphite chelators |
Stabilization of automotive interior PVC
compounds |
Import and export right:
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Import right |
Yes |
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Export right |
Yes |
Purchase
Domestic Purchase
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Products |
Raw material |
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Payment Terms |
T/T, Cash |
Import
|
Products |
Raw material |
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Payment Terms |
L/C, T/T |
Sales
Domestic Markets
|
Product |
Chemicals |
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Selling Terms |
T/T, Cash |
Export
|
Product |
Chemicals |
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Selling Terms |
L/C, T/T |
Subject has no obligations to disclose its
financial statements to the third party according to the relevant policy in Taiwan
and the only source from which we can obtain the information is the subject
itself.
Subject’s relevant staff declined to disclose
its financials citing the grounds of company’s confidentiality; from other
sources we could not obtain such information, either.
Subject declined to disclose its bank details; from other source we
could not obtain the relevant information, either.
Mortgage
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Case Type: |
Chattel Mortgage |
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Registered Number: |
JYDZD028982 |
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Date of Registration: |
1987-11-11 |
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Alteration Number: |
315932 |
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Date of Alteration: |
1987-11-11 |
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Debtor Name: |
Pau Tai Industrial Corporation |
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Registry: |
Economic Development Board of New Taipei City Government |
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Name of Mortgagee: |
Cathay United Commercial Bank Co.,
Ltd. (Saving) |
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Amount of Secure Claims: |
NTD 7,000,000 |
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Type of Mortgage: |
Machinery, equipment or tools |
Lawsuit
Up to date of reporting, no existing or latent
litigation of the subject has been found.
Interview Details
|
Name |
Mr. Xu |
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Department |
Sales Department |
FOREIGN EXCHANGE RATES
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Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.66.20 |
|
|
1 |
Rs.98.30 |
|
Euro |
1 |
Rs.72.41 |
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TWD |
1 |
Rs.2.02 |
Note :
Above are approximate rates obtained from sources believed to be correct
INFORMATION DETAILS
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Analysis Done by
: |
DIV |
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Report Prepared
by : |
TPT |
RATING EXPLANATIONS
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RATING |
STATUS |
PROPOSED CREDIT LINE |
|
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>86 |
Aaa |
Possesses an extremely sound financial base with the strongest
capability for timely payment of interest and principal sums |
Unlimited |
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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 |
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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 |
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41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
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26-40 |
B |
Capability to overcome financial difficulties seems comparatively below
average. |
Small |
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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 |
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<10 |
C |
Absolute credit risk exists. Caution needed to be exercised |
Credit not
recommended |
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-- |
NB |
New Business |
-- |
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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.