|
Report No. : |
301460 |
|
Report Date : |
07.01.2015 |
IDENTIFICATION DETAILS
|
Name : |
FULLTECH FIBER GLASS CORP. |
|
|
|
|
Registered Office : |
No.8, Dou Kong 16 Road, Dou Leu City, Yunlin Hsien 640, |
|
|
|
|
Country : |
Taiwan |
|
|
|
|
Financials (as on) : |
31.12.2013 |
|
|
|
|
Date of Incorporation : |
14.01.1999 |
|
|
|
|
Com. Reg. No.: |
16834268 |
|
|
|
|
Legal Form : |
Joint Stock Company |
|
|
|
|
Line of Business : |
Manufacturing and
sales of electronic materials |
|
|
|
|
No. of Employees : |
1,100 |
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 : |
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 – September 30, 2014
|
Country Name |
Previous Rating (30.06.2014) |
Current Rating (30.09.2014) |
|
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 |
Notes: We contacted with the subject, the subject introduced that the supplied address belongs to the subject’s Taipei Office, and the exact name and address are as above.
Subject
was incorporated on 1999-1-14 with registered number 16834268 as Joint Stock
Company in Taiwan.
Subject listed on Taiwan Over-The-Counter Securities Exchange on 2006-1-23.
Factories
|
1 |
|
|
Address: |
No.8, Dou Kong 16 Road, Dou Leu City, Yunlin Hsien 640, Taiwan, R.O.C. |
|
Date of Foundation: |
1999-5-27 |
|
Date of Registration: |
2001-4-11 |
|
Factory Registration Number: |
99653144 |
|
Factory Manager: |
Yuanbao Zhang |
|
Status: |
In Production |
|
Date of Last
Annual Return: |
2013-6-4 |
|
Major Products: |
239 other metallic mineral products |
|
2 |
|
|
Address: |
No.8, Ke Hu 2nd Road, Hu Wei Township, Yunlin County 63247, Taiwan (R.O.C.) |
|
Date of Registration: |
2010-5-26 |
|
Factory Registration Number: |
93A00117 |
|
Factory Manager: |
Jinshuo Zhang |
|
Status: |
In Production |
|
Major Products: |
231 glass and its products |
Office
|
Name: |
Taipei Office |
|
Address: |
28F,NO.216 Tunhwa South Road,SEC.2 Taipei, Taiwan |
|
Tel |
+ 886-2-2735-7658 |
|
Fax |
+ 886-2-2735-7698 |
Branch Companies
|
Name |
Fulltech Fiber Glass Corp. Yunlin Branch |
|
Registered Address： |
No.8, Ke Hu 2nd Road, Hu Wei Township, Yunlin County 63247, Taiwan (R.O.C.) |
|
Registration Number |
29182486 |
|
Date of Registration |
2009-3-18 |
|
Manager Name |
Jinshuo Zhang |
|
Date of Last Annual Return |
2010-5-10 |
Major Shareholders
|
Name |
Subscription Shares |
|
Ideal Bike Corporation |
9,326,860 |
|
Taida Investment Co., Ltd (Liberal Translation) |
57,162,000 |
|
Shitai Zhang |
3,245 |
|
Qingtong Investment Co., Ltd (Liberal Translation) |
2,220,755 |
|
Teh Long Warehousing & Stevedoring Co., Ltd. |
3,050,509 |
Shareholder
Information:
|
1 |
|
|
Registered Name: |
Ideal Bike Corporation |
|
Registered
Address: |
No.497, Sec. 1,
Gangbu Rd., Wuqi Dist., Taichung City 43546, Taiwan (R.O.C.) |
|
Date of
Foundation: |
1980-9-16 |
|
Registration
Number: |
97506791 |
|
Registry: |
Department of
Commerce, Ministry of Economic Affairs, R.O.C. |
|
Registered
Capital: |
NTD 2,000,000,000
(USD 66,200,000) (As of 2015.01, 1
NTD = 0.0331 USD) |
|
Paid-up Capital: |
NTD
1,486,827,320 (USD 49.213,984) |
|
Legal
Representatives: |
Yuanbao Zhang |
|
Legal Form: |
Joint Stock
Company |
|
Staff: |
About 1,500
Employees |
|
Listed at Stock
Exchange: |
Yes; (Public, TPE:
8933) |
|
Date of Last
Annual Return: |
2014-10-22 |
|
2 |
|
|
Registered Name: |
Taida Investment Co., Ltd (Liberal Translation) |
|
Registered
Address: |
28F., No.216, Sec.
2, Dunhua S. Rd., Da'an Dist., Taipei City, Taiwan (R.O.C.) |
|
Date of
Foundation: |
1998-9-25 |
|
Registration
Number: |
16743605 |
|
Registry: |
Department of
Commerce, Ministry of Economic Affairs, R.O.C. |
|
Registered
Capital: |
NTD 900,000,000
(USD 29,790,000) (As of 2015.01, 1 NTD
= 0.0331 USD) |
|
Paid-up Capital: |
NTD 820,000,000
(USD 27,142,000) |
|
Legal
Representatives: |
Pingzhao Zhang |
|
Legal Form: |
Joint Stock
Company |
|
Listed at Stock
Exchange: |
No |
|
Date of Last
Annual Return: |
2013-10-2 |
|
3 |
|
|
Registered Name: |
Qingtong Investment Co., Ltd (Liberal Translation) |
|
Registered
Address: |
No.430, Sec. 2,
Dazhi Rd., Wuqi Dist., Taichung City, Taiwan (R.O.C.) |
|
Date of
Foundation: |
1996-4-24 |
|
Registration
Number: |
96985082 |
|
Registry: |
Taichung City
Government |
|
Registered
Capital: |
NTD 90,000,000
(USD 2,979,000) (As of 2015.01, 1
NTD = 0.0331 USD) |
|
Paid-up Capital: |
NTD 90,000,000
(USD 2,979,000) |
|
Legal
Representatives: |
Meiying Zhang |
|
Legal Form: |
Joint Stock
Company |
|
Listed at Stock
Exchange: |
No |
|
Date of Last
Annual Return: |
2014-7-8 |
|
4 |
|
|
Registered Name: |
Teh Long Warehousing & Stevedoring Co., Ltd. |
|
Registered
Address: |
No.146, Chung Heng
Ten Rd., Wuqi Dist., Taichung City 435, Taiwan (R.O.C.) |
|
Date of
Foundation: |
1981-9-5 |
|
Registration
Number: |
56663016 |
|
Registry: |
Maritime and Port
Bureau, MOTC |
|
Registered Capital: |
NTD 150,000,000
(USD 4,965,000) (As of 2015.01, 1
NTD = 0.0331 USD) |
|
Paid-up Capital: |
NTD 150,000,000
(USD 4,965,000) |
|
Legal
Representatives: |
Xilu Li |
|
Legal Form: |
Joint Stock
Company |
|
Listed at Stock
Exchange: |
No |
|
Date of Last
Annual Return: |
2014-7-2 |
Core Management
Directors
|
1 |
|
|
Name |
Yuanbao Zhang |
|
Position |
Board Chairman |
|
2 |
|
|
Name |
Yuanfu Zhang |
|
Position |
Director |
|
3 |
|
|
Name |
Zhengxiong Chen |
|
Position |
Director |
|
4 |
|
|
Name |
Hong Ouyang |
|
Position |
Director |
|
5 |
|
|
Name |
Chengming Zhang |
|
Position |
Director |
|
6 |
|
|
Name |
Houming Chen |
|
Position |
Independent Director |
|
7 |
|
|
Name |
Jianzhong Nie |
|
Position |
Independent Director |
|
8 |
|
|
Name |
Guoan Zhang |
|
Position |
Supervisor |
|
0 |
|
|
Name |
Teh Long Warehousing & Stevedoring Co., Ltd. |
|
Position |
Supervisor |
|
10 |
|
|
Name |
Zhongju Liu |
|
Position |
Supervisor |
Personnel Structure
|
Total Employees |
About 1,100 Employees |
Offices & Factories
|
|
Headquarters |
|
Add |
No.8, Dou Kong 16 Road, Dou Leu City, Yunlin Hsien 640, Taiwan, R.O.C. |
Production Information
Subject is engaged in manufacturing of electronic material and etc
Subject has two factories in Taiwan for production.
Purchase Information
The registered activities of subject:
|
Business Code |
Details |
|
C901020 |
Manufacturing of glass and glass products. |
|
F199990 |
Other wholesales (glass and glass products) |
|
F299990 |
Other retails (glass and glass products) |
|
F401030 |
Import and manufacturing industry. |
|
F601010 |
Intellectual property industry. |
|
ZZ99999 |
Besides licensed business, all other business items those are not banned or restricted. |
Subject purchases its raw materials and etc both at home and abroad.
Subject is engaged in sale of electronic material and etc.
The major products are Fiber Glass Yarn, Fiber Glass Fabric and so on.
Subject’s sales regions include Asia, Europe, America and etc.
Subject’s major customers are manufacturers of electronic products such as computer, notebook computer, mobile phone, PDA and etc.
Import and export right:
|
Import right |
Yes |
|
Export right |
Yes |
Purchase
Domestic Purchase
|
Products |
Raw materials and etc |
|
Payment Terms |
Cash, T/T and etc |
Import
|
Products |
Raw materials and etc |
|
Payment Terms |
L/C, T/T and etc |
Sales
Domestic Markets
|
Product |
Electronic material and etc. |
|
Selling Terms |
Cash, T/T and etc |
Export
|
Product |
Electronic material and etc. |
|
Selling Terms |
L/C, T/T and etc |
Unit: NTD/000
|
|
2013-12-31 |
2012-12-31 |
|
Current Assets |
|
|
|
Cash and cash equivalents |
970,717 |
1,860,399 |
|
Financial assets measured at fair value through profit or loss - current |
300 |
609 |
|
Available-for-sale financial assets - current |
122,172 |
52,132 |
|
No active market of the bond investment-net current |
68,333 |
54,787 |
|
Notes receivable - net |
3,189 |
26,644 |
|
Accounts receivable - net |
658,720 |
864,159 |
|
Other accounts receivable - net |
27,312 |
68,737 |
|
Inventories |
817,072 |
833,237 |
|
Prepayments |
59,160 |
80,100 |
|
Other current assets |
2,707 |
4,053 |
|
Current assets |
2,729,682 |
3,844,857 |
|
Non-current assets |
|
|
|
Available-for-sale financial assets - non current |
0 |
5,077 |
|
No active market of the bond investment-Non current |
15,000 |
10,002 |
|
Net investment under equity method |
69,174 |
77,270 |
|
Real property, plant and equipment |
9,759,673 |
10,095,409 |
|
Intangible Assets |
4,184 |
4,212 |
|
Deferred income tax assets |
39,653 |
41,841 |
|
Other non-current assets |
424,020 |
345,803 |
|
Non-current assets |
10,311,704 |
10,579,614 |
|
Assets |
13,041,386 |
14,424,471 |
|
Current liabilities |
|
|
|
Short-term borrowing |
63,305 |
65,209 |
|
Short-term notes and bills payable |
0 |
0 |
|
Financial liability changing in fair value-current |
29,657 |
96,726 |
|
Notes payable |
28,479 |
108,610 |
|
Accounts payable |
159,103 |
64,378 |
|
Other accounts payable |
231,743 |
397,911 |
|
Income tax liabilities |
0 |
6,705 |
|
Other current liabilities |
515,714 |
2,931,128 |
|
Current liabilities |
1,028,001 |
3,670,667 |
|
Non-current liabilities |
|
|
|
Corporate bonds payable |
441,695 |
167,143 |
|
Long-term borrowings |
5,003,679 |
5,241,656 |
|
Deferred income tax liabilities |
25,756 |
31,396 |
|
Other non-current liabilities |
55,681 |
52,223 |
|
Non-current liabilities |
5,526,811 |
5,492,418 |
|
Liabilities |
6,554,812 |
9,163,085 |
|
Equity of owner to parent company |
|
|
|
Capital stock |
|
|
|
Common stock |
4,091,381 |
3,272,888 |
|
Total share capital |
4,091,381 |
3,272,888 |
|
Capital reserves |
|
|
|
Total Capital reserves |
1,715,009 |
1,347,724 |
|
Retained Earnings |
|
|
|
Legal reserve |
317,939 |
317,939 |
|
Special reserve |
30,214 |
21,967 |
|
Unappropriated retained earnings ( loss for making up) |
350,408 |
331,082 |
|
Retained earnings |
698,561 |
670,988 |
|
Other equity |
|
|
|
Total other equity |
1,698 |
-30,214 |
|
Treasury stock |
-20,075 |
0 |
|
Total attributable to the parent company owners of the rights and interests |
6,486,574 |
5,261,386 |
|
Total equity |
6,486,574 |
5,261,386 |
|
Advance share (equity) under the about when issuing shares (unit: share) |
0 |
0 |
|
Number of treasury stock acquired by the company and subsidiaries (unit: share) |
1,814,000 |
0 |
Unit: NTD/000
Unit: NTD/000
|
|
2013 |
2012 |
|
Cash flows from (used in) operating activities, indirect method |
|
|
|
Profit (loss) from continuing operations before tax |
19,913 |
199,863 |
|
Profit (loss) before tax |
19,913 |
199,863 |
|
Depreciation expense |
668,171 |
654,009 |
|
Amortization expense |
1,744 |
1,657 |
|
Net loss (gain) on financial assets or liabilities at fair value through profit or loss |
-80,805 |
-198,066 |
|
Interest expense |
172,513 |
202,333 |
|
Interest income |
-2,946 |
-2,367 |
|
Dividend income |
-1,212 |
-2,475 |
|
Share-Based payment for cost of awards |
4,350 |
0 |
|
Share of loss (profit) of associates and joint ventures accounted for using equity method |
10,648 |
13,182 |
|
Loss (gain) on disposal of property, plan and equipment |
315 |
8,595 |
|
Loss (gain) on disposal of investments |
-1,250 |
460 |
|
Impairment loss on non financial asset |
0 |
5,243 |
|
Impairment loss on turning profits of the non financial asset |
-5,372 |
0 |
|
Other items |
52,533 |
36,415 |
|
Total profit and loss items not affecting not affecting cash flow |
818,689 |
718,986 |
|
Increase (decrease) in notes receivable |
23,455 |
5,248 |
|
Increase (decrease) in account receivable |
205,439 |
-62,336 |
|
Increase (decrease) in other account receivable |
41,446 |
-37,524 |
|
Increase (decrease) in inventories |
21,537 |
73,041 |
|
Increase (decrease) in receipts in advance |
-101,403 |
-332,146 |
|
Increase (decrease) in other current assets |
1,346 |
3,519 |
|
Total net changes of assets and related operating activities |
191,820 |
-350,198 |
|
Increase (decrease) in notes payable |
-80,131 |
81,550 |
|
Increase (decrease) in account payable |
94,725 |
-217,333 |
|
Increase (decrease) in other payables |
15,516 |
-82,736 |
|
Increase (decrease) in other current liabilities |
-2,013 |
85 |
|
Increase (decrease) in pension liabilities |
2,256 |
1,684 |
|
Total net changes relating to the operating activities |
30,353 |
-216,750 |
|
T Total net changes relating to the operating assets and liabilities |
222,173 |
-566,948 |
|
Total adjustments |
1,040,862 |
152,038 |
|
Cash inflow (outflow) generated from operations |
1,060,775 |
351,901 |
|
2,925 |
2,302 |
|
|
Charge of the dividend. |
-160,778 |
-174,102 |
|
Return the payment (returns) of income tax |
-6,077 |
-8,207 |
|
Cash inflow (outflow) generated from operations |
896,845 |
171,894 |
|
Cash Flow-Investment |
|
|
|
Acquisition of financial assets available for sale |
-650,624 |
-131,928 |
|
Discipline of financial assets available for sale |
590,673 |
123,588 |
|
Acquisition of no active market of bond investment |
-136,580 |
-99,274 |
|
Discipline of no active market of bond investment |
122,836 |
56,322 |
|
Acquisition of property, plant and equipment |
-500,150 |
-662,308 |
|
Discipline of property, plant and equipment |
641 |
0 |
|
Increase in refundable deposits |
-220 |
-8,807 |
|
Acquisition of intangible assets |
-1,716 |
-973 |
|
Charge of the dividend |
1,212 |
2,475 |
|
Net cash flows from (used in) investing activities |
-573,928 |
-720,905 |
|
Financing activities of cash flow |
|
|
|
Decrease in short term borrowings |
-1,904 |
-261,423 |
|
Decrease in short-term notes and bills payable |
0 |
-159,526 |
|
Bonds Issued |
500,000 |
750,000 |
|
Bonds Redeemed |
-500,000 |
0 |
|
Long-term borrowing |
4,220,657 |
4,536,000 |
|
Long-term borrowing repayment |
-5,736,857 |
-3,355,143 |
|
Cash dividends |
0 |
-59,255 |
|
Increment of cash |
300,000 |
0 |
|
Payments to acquire treasury shares |
-20,075 |
0 |
|
Net cash flows from (used in) financing activities |
-1,238,179 |
1,450,653 |
|
Effect of exchange rate changes on cash and cash equivalents |
25,580 |
1,645 |
|
Net increase (decrease) in cash and cash equivalents |
-889,682 |
903,287 |
|
Cash and cash equivalents at beginning of period |
1,860,399 |
957,112 |
|
Cash and cash equivalents at end of period |
970,717 |
1,860,399 |
|
Cash and cash equivalents reported in the statement of financial position |
970,717 |
1,860,39 |
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
|
1 |
|
|
Case Type: |
Chattel Mortgage |
|
Debtor Name: |
Fulltech Fiber
Glass Corp. |
|
Creditor: |
Mega International
Commercial Bank Co., Ltd, Lugang Branch |
|
Document Number: |
10331019900 |
|
Date of
Registration: |
2014/4/8 |
|
Status: |
Paid off |
|
2 |
|
|
Case Type: |
Chattel Mortgage |
|
Certificate No.: |
069319 |
|
Debtor Name: |
Fulltech Fiber
Glass Corp. |
|
Document Number: |
09005053070 |
|
Date of
Registration: |
2001/2/8 |
|
Status: |
Paid off |
|
3 |
|
|
Case Type: |
Chattel Mortgage |
|
Certificate No.: |
080070 |
|
Debtor Name: |
Fulltech Fiber
Glass Corp. |
|
Document Number: |
09305134690 |
|
Date of
Registration: |
2004/6/24 |
|
Date of
Alteration: |
2009/11/9 |
|
Status: |
Paid off |
|
4 |
|
|
Case Type: |
Chattel Mortgage |
|
Certificate No.: |
082138 |
|
Debtor Name: |
Fulltech Fiber
Glass Corp. |
|
Document Number: |
09304998640 |
|
Date of
Registration: |
2004/12/29 |
|
Date of
Alteration: |
2005/2/2 |
|
Status: |
Paid off |
|
5 |
|
|
Case Type: |
Chattel Mortgage |
|
Certificate No.: |
097370 |
|
Debtor Name: |
Fulltech Fiber
Glass Corp. |
|
Document Number: |
09830440610 |
|
Date of
Registration: |
2009/5/15 |
|
Date of
Alteration: |
2009/12/9 |
|
6 |
|
|
Case Type: |
Chattel Mortgage |
|
Certificate No.: |
102037 |
|
Debtor Name: |
Fulltech Fiber
Glass Corp. |
|
Document Number: |
09930369540 |
|
Date of
Registration: |
2010/11/19 |
|
Status: |
Paid off |
|
7 |
|
|
Case Type: |
Chattel Mortgage |
|
Certificate No.: |
105528 |
|
Debtor Name: |
Fulltech Fiber
Glass Corp. |
|
Document Number: |
10130310210 |
|
Date of
Registration: |
2012/3/8 |
|
Date of Alteration: |
2014/2/24 |
|
8 |
|
|
Case Type: |
Chattel Mortgage |
|
Certificate No.: |
106702 |
|
Debtor Name: |
Fulltech Fiber
Glass Corp. |
|
Document Number: |
10130353100 |
|
Date of
Registration: |
2012/10/22 |
|
Status: |
Paid off |
|
9 |
|
|
Case Type: |
Chattel Mortgage |
|
Certificate No.: |
108839 |
|
Debtor Name: |
Fulltech Fiber
Glass Corp. |
|
Document Number: |
10231367300 |
|
Date of
Registration: |
2013/11/25 |
Lawsuit
Up to date of reporting, no existing or latent litigation of the subject has been found.
Interview Details
|
Department |
Sales Department |
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.63.39 |
|
|
1 |
Rs.96.72 |
|
Euro |
1 |
Rs.75.80 |
INFORMATION DETAILS
|
Analysis Done by
: |
RAS |
|
|
|
|
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.