MIRA INFORM REPORT
|
Report No. : |
330529 |
|
Report Date : |
02.07.2015 |
IDENTIFICATION DETAILS
|
Name : |
MONTE-BIANCO DIAMOND APPLICATIONS CO., LTD. |
|
|
|
|
Registered Office : |
No. 7 Xingye 8th Road, Guanglong Industrial Park, Chencun Town Shunde
District, Foshan, Guangdong Province 528313 Pr |
|
|
|
|
Country : |
China |
|
|
|
|
Financials (as on) : |
30.09.2014 |
|
|
|
|
Date of Incorporation : |
07.09.2000 |
|
|
|
|
Com. Reg. No.: |
440681000098470 |
|
|
|
|
Legal Form : |
Shares Limited Company |
|
|
|
|
Line of Business : |
Subject is engaged in
manufacturing and selling diamond grinding, polishing, cutting tools and abrasives
for granite, marble and ceramic industries |
|
|
|
|
No. of Employee : |
1,350 |
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 : |
Good |
|
|
|
|
Payment Behaviour : |
Regular |
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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) |
|
China |
A2 |
A2 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
|
Moderate |
B1 |
|
High |
B2 |
|
Very High |
C1 |
|
Restricted |
C2 |
|
Off-credit |
D |
CHINA - ECONOMIC OVERVIEW
Since the late 1970s China has moved from a closed, centrally planned system to a more market-oriented one that plays a major global role - in 2010 China became the world's largest exporter. Reforms began with the phasing out of collectivized agriculture, and expanded to include the gradual liberalization of prices, fiscal decentralization, increased autonomy for state enterprises, growth of the private sector, development of stock markets and a modern banking system, and opening to foreign trade and investment. China has implemented reforms in a gradualist fashion. In recent years, China has renewed its support for state-owned enterprises in sectors considered important to "economic security," explicitly looking to foster globally competitive industries. After keeping its currency tightly linked to the US dollar for years, in July 2005 China moved to an exchange rate system that references a basket of currencies. From mid 2005 to late 2008 cumulative appreciation of the renminbi against the US dollar was more than 20%, but the exchange rate remained virtually pegged to the dollar from the onset of the global financial crisis until June 2010, when Beijing allowed resumption of a gradual appreciation. In 2014 the People’s Bank of China (PBOC) doubled the daily trading band within which the RMB is permitted to fluctuate. The restructuring of the economy and resulting efficiency gains have contributed to a more than tenfold increase in GDP since 1978. Measured on a purchasing power parity (PPP) basis that adjusts for price differences, China in 2014 stood as the largest economy in the world, surpassing the US that year... Still, per capita income is below the world average.
The Chinese government faces numerous economic challenges, including: (a) reducing its high domestic savings rate and correspondingly low domestic consumption; (b) facilitating higher-wage job opportunities for the aspiring middle class, including rural migrants and increasing numbers of college graduates; (c) reducing corruption and other economic crimes; and (d) containing environmental damage and social strife related to the economy's rapid transformation. Economic development has progressed further in coastal provinces than in the interior, and by 2014 more than 274 million migrant workers and their dependents had relocated to urban areas to find work. One consequence of population control policy is that China is now one of the most rapidly aging countries in the world. Deterioration in the environment - notably air pollution, soil erosion, and the steady fall of the water table, especially in the North - is another long-term problem. China continues to lose arable land because of erosion and economic development. The Chinese government is seeking to add energy production capacity from sources other than coal and oil, focusing on nuclear and alternative energy development.
Several factors are converging to slow China's growth, including debt overhang from its credit-fueled stimulus program, industrial overcapacity, inefficient allocation of capital by state-owned banks, and the slow recovery of China's trading partners. The government's 12th Five-Year Plan, adopted in March 2011 and reiterated at the Communist Party's "Third Plenum" meeting in November 2013, emphasizes continued economic reforms and the need to increase domestic consumption in order to make the economy less dependent in the future on fixed investments, exports, and heavy industry. However, China has made only marginal progress toward these rebalancing goals. The new government of President XI Jinping has signaled a greater willingness to undertake reforms that focus on China's long-term economic health, including giving the market a more decisive role in allocating resources. In 2014 China agreed to begin limiting carbon dioxide emissions by 2030. China implemented several economic reforms in 2014, including passing legislation to allow local governments to issue bonds, opening several state-owned enterprises to further private investment, loosening the one-child policy, passing harsher pollution fines, and cutting administrative red tape.
|
Source
: CIA |
COMPANY
NAME AND ADDESS
MONTE-BIANCO DIAMOND APPLICATIONS CO., LTD.
NO. 7 XINGYE 8TH
ROAD, GUANGLONG INDUSTRIAL PARK, CHENCUN TOWN
SHUNDE DISTRICT, FOSHAN,
GUANGDONG PROVINCE 528313 PR CHINA
TEL: 86 (0)
757-26166666/26165212
FAX: 86 (0)
757-26166665
EXECUTIVE
SUMMARY
Date
of Registration :
september 7, 2000
REGISTRATION
NO. : 440681000098470
LEGAL
FORM : SHARES LIMITED company
REGISTERED
CAPITAL : CNY 50,000,000
staff :
1,350
BUSINESS
CATEGORY : MANUFACTURING & TRADING
REVENUE :
CNY 339,316,000 (FROM JAN. 1,
2014 TO SEP. 30, 2014)
EQUITIES :
CNY 351,833,000 (AS OF SEP. 30, 2014)
WEBSITE : www.monte-bianco.com & www.blxcl.com
E-MAIL :
info@mb-tools.com & zqsw@blxcl.com
PAYMENT
:
AVERAGE
MARKET
CONDITION :
COMPETITIVE
FINANCIAL
CONDITION : fairLY
GOOD
OPERATIONAL
TREND : FAIRLY STEADY
GENERAL
REPUTATION : AVERAGE
EXCHANGE
RATE : CNY
6.20 = USD 1
ADOPTED ABBREVIATIONS (AS FOLLOWS)
SC - Subject Company (the company inquired by you)
N/A – Not available
CNY – China Yuan Ren Min Bi
OPERATIONAL
TREND & GENERAL REPUTATION
This section aims
at indicating the relative positions of SC in respect of its operational trend
& general reputation
Operational Trend:- General
Reputation:-
Upward Excellent
Steady Good
Fairly Steady Fairly
Good
Ordinary Average
Fair Fair
Stagnant Detrimental
Downward Not
known
Not known Not
yet be determined
Not yet be
determined
LEGAL
STATUS & HISTORY
SC was established as a limited liabilities
company of PRC on September 7, 2000.
However, SC changed to present legal form, and was registered as a shares
limited company of PRC with
State Administration for Industry & Commerce (SAIC) under registration No.:
440681000098470 in June 2009.
SC’s Organization Code Certificate No.: 72506949-4
SC’s Tax No.: 440681725069494
SC’s registered capital: CNY 50,000,000
SC’s paid-in capital: CNY 50,000,000
Registration
Change Record:-
|
Date |
Change of
Contents |
Before the
change |
After the
change |
|
2000-09 |
Company Name |
Shunde Monte-Bianco Abrasive Tools Co., Ltd. |
Shunde Monte-Bianco Diamond Applications Co., Ltd. |
|
2004-03 |
Company Name |
Shunde Monte-Bianco Diamond Applications Co., Ltd. |
Foshan Monte-Bianco Diamond Applications Co., Ltd. |
|
Legal
Representative |
Bao Jiejun |
Yin Yuhang |
|
|
Registered Capital |
CNY 3,000,000 |
CNY 10,000,000 |
|
|
2004-04 |
Company Name |
Foshan Monte-Bianco Diamond Applications Co., Ltd. |
Guangdong Monte-Bianco Diamond Applications Co., Ltd. |
|
2006-01 |
% of Shareholding |
Feng Hongjian .23% Yin Yuhang 30.14% Huang Jianqi 6.98% Wu Guizhou 5.23% Wu Yuefei 5.23% Fan Yuzhang 1.55% Bao Jiejun 9.77% Lu Qin 28.89% Pang Shaoji 6.98% |
Feng Hongjian 4.92% Yin Yuhang 57.83% Huang Jianqi 6.56% Wu Guizhou 4.92% Wu Yuefei 4.92% Fan Yuzhang 1.45% Bao Jiejun 5.68% Lu Qin 7.16% Pang Shaoji 6.56% |
|
2008-07 |
Registration No. |
4406812007121 |
440681000098470 |
|
Shareholder (s) (% of Shareholding) |
Feng Hongjian 4.92% Yin Yuhang 57.83% Huang Jianqi 6.56% Wu Guizhou 4.92% Wu Yuefei 4.92% Fan Yuzhang 1.45% Bao Jiejun 5.68% Lu Qin 7.16% Pang Shaoji 6.56% |
Feng Hongjian 4.92% Yin Yuhang 45.83% Huang Jianqi 6.56% Wu Guizhou 4.92% Wu Yuefei 4.92% Yang Cheng 3% Tao Hongliang 3% Yang Wenming 3% Fan Yuzhang 1.45% Bao Jiejun 5.68% Lu Qin 7.16% Wen Hua 3% Pang Shaoji 6.56% |
|
|
2008-10 |
Registered
Capital |
CNY 10,000,000 |
CNY 30,000,000 |
|
Shareholder (s) (% of Shareholding) |
Feng Hongjian 4.92% Yin Yuhang 45.83% Huang Jianqi 6.56% Wu Guizhou 4.92% Wu Yuefei 4.92% Yang Cheng 3% Tao Hongliang 3% Yang Wenming 3% Fan Yuzhang 1.45% Bao Jiejun 5.68% Lu Qin 7.16% Wen Hua 3% Pang Shaoji 6.56% |
Yin Yuhang 48.83% Lu Qin 7.16% Pang Shaoji 6.56% Huang Jianqi 6.56% Bao Jiejun 5.68% Feng Hongjian 4.92% Wu Guizhou 4.92% Wu Yuefei 4.92% Yang Cheng 3.00% Tao Hongliang .00% Wen Hua .00% Fan Yuzhang 1.45% |
|
|
2009-06 |
Company Name |
Guangdong Monte-Bianco Diamond Applications Co., Ltd. |
Monte-Bianco Diamond Applications Co., Ltd. |
|
Registered
Capital |
CNY 30,000,000 |
CNY 50,000,000 |
|
|
Legal Form |
Limited
Liabilities Company |
Shares Limited Company |
|
|
-- |
Shareholder (s) (% of Shareholding) |
Yin Yuhang 48.83% Lu Qin 7.16% Pang Shaoji 6.56% Huang Jianqi 6.56% Bao Jiejun 5.68% Feng Hongjian 4.92% Wu Guizhou 4.92% Wu Yuefei 4.92% Yang Cheng 3.00% Tao Hongliang 3.00% Wen Hua 3.00% Fan Yuzhang 1.45% |
Suzhou Rongfeng Jiuding Venture Capital Center (Limited Partnership)
4.56% Suzhou Industrial Zone Jiaqian Jiuding Investment Center (Limited
Partnership) 2.00% Suzhou Industrial Zone Jiaxiang Jiuding Investment Center (Limited
Partnership) 0.60% Huang Jianqi 6.56% Tao Hongliang .00% Feng Hongjian 4.92% Pang Shaoji 6.56% Yang Cheng 3.00% Wen Hua 3.00% Yin Yuhang 48.83% Bao Jiejun 5.68% Wu Yuefei 4.92% Fan Yuzhang 1.45% Wu Guizhou 4.92% |
Current Co search
indicates SC’s shareholders & chief executives are as follows:-
|
Name of
Shareholder (s) |
% of
Shareholding |
|
Suzhou Rongfeng Jiuding Venture Capital Center (Limited Partnership) |
4.56 |
|
Suzhou Industrial Zone Jiaqian Jiuding Investment Center (Limited
Partnership) ） |
2.00 |
|
Suzhou Industrial Zone Jiaxiang Jiuding Investment Center (Limited
Partnership) |
0.60 |
|
Huang Jianqi |
6.56 |
|
Tao Hongliang |
3.00 |
|
Feng Hongjian |
4.92 |
|
Pang Shaoji |
6.56 |
|
Yang Cheng |
3.00 |
|
Wen Hua |
3.00 |
|
Yin Yuhang |
48.83 |
|
Bao Jiejun |
5.68 |
|
Wu Yuefei |
4.92 |
|
Fan Yuzhang |
1.45 |
|
Wu Guizhou |
4.92 |
SC’s Chief
Executives:-
|
Position |
Name |
|
Legal Representative, Chairman, and General Manager |
Yin Yuhang |
|
Deputy General Manager |
Hu Huiwang |
|
Yang Cheng |
|
|
Wen Hua |
|
|
Supervisor |
Chen Xianming |
|
Lin Miaoling |
|
|
Feng Hongjian |
RECENT
DEVELOPMENT
SC has got the following
certificates as ISO 9001, ISO 14001, OHSAS 18001 and so on.
SHAREHOLDER
CHART & BACKGROUND
Name %
of Shareholding
Suzhou Rongfeng Jiuding Venture Capital Center (Limited Partnership) 4.56
Suzhou Industrial Zone Jiaqian Jiuding Investment Center (Limited
Partnership) 2.00
Suzhou Industrial Zone Jiaxiang Jiuding Investment Center (Limited
Partnership) 0.60
Huang Jianqi 6.56
Tao Hongliang 3.00
Feng Hongjian 4.92
Pang Shaoji 6.56
Yang Cheng 3.00
Wen Hua 3.00
Yin Yuhang 48.83
Bao Jiejun 5.68
Wu Yuefei 4.92
Fan Yuzhang 1.45
Wu Guizhou 4.92
MANAGEMENT
Yin Yuhang, Legal
Representative, Chairman and General Manager
---------------------------------------------------------------------------------------------------
Ø Gender: M
Ø ID# 320106196209172053
Ø Age: 53
Ø Qualification: Doctor
Degree
Ø Working experience
(s):
At present, working in SC as legal representative,
chairman and general manager
Also working in
Meishan Benlang New Materials Technology Co., Ltd., Zibo Benlang New
Materials Co., Ltd., Shanghai Benlang Superhard Materials Tools Co., Ltd., Quanzhou
Benlang Diamond Tools Co., Ltd., Guangdong Benlang Diamond Wire Technology Co.,
Ltd. as legal representative
Deputy
General Manager
-------------------------------
Hu Huiwang
Yang Cheng
Wen Hua
Supervisor
--------------
Chen Xianming
Lin Miaoling
Feng Hongjian
BUSINESS
OPERATION
SC’s registered
business scope includes manufacturing and selling of the following products,
like diamond products, cubic boron nitride products , alumina products, diamond
saw blades, abrasive tools, abrasives, grinding wheels, cemented carbide and
super-hard material grinding \ cutting \ polishing tools, atomized prealloyed
powder materials, powder metallurgy products, nanomaterials and its products;
SC producing a series of its products , supplying the raw materials,
instrumentation, mechanical equipments, spare parts and exporting technologies.
(excluding the commodities need state regulations and state prohibitions, do
not list the individual term of trade. And operate with state’s permits.)
SC is mainly engaged in manufacturing and
selling diamond grinding, polishing, cutting tools and abrasives for granite,
marble and ceramic industries
SC’s products
mainly include diamond saw blades, diamond fickert abrasives, diamond wire saw,
resin bond abrasive stone, frankfurt brushes and diamond beads,
SC sources its
materials 100% from domestic market, mainly Guangdong. SC sells 60% of its
products in domestic market, and 40% to overseas market, mainly India, United
Arab Emirates, Indonesia.
The buying terms of
SC include Check, T/T and Credit of 30-60 days. The payment terms of SC include
Check, T/T, L/C and Credit of 30-60 days.
*Major Customers*
----------------------
Guangdong
Xinruncheng Ceramics Co., Ltd.
R.A.K CERAMICS
(United Arab Emirates)
R.A.K
Keda Industrial
Co., Ltd.
*Major Suppliers*
----------------------
Foshan Shunde Dianguang Abrasives Co., Ltd.
Foshan Runtong Diamond Products Co., Ltd.
GRIPM Advanced Materials Co., Ltd.
Staff
& Office:
--------------------------
SC is known to have approx. 1,350 staff at present.
SC own area as its operating office and
factory, but the detailed information is unknown.
RELATED
COMPANY
Guangdong Benlang
Diamond Wire Technology Co., Ltd.
------------------------------------------
Registration No.:
440700400039052
Date of
Registration:
Legal
Representative: Yin Yuhang
Registered Capital:
CNY 10,000,000
Foshan Shunde Dianguang Abrasives Co., Ltd.
------------------------------------------
Registration No.:
440681000208865
Legal Representative:
Zheng Rui
Registered Capital:
CNY 500,000
Subsidiaries,
---------------
Meishan Benlang New
Materials Technology Co., Ltd.
------------------------------------------
Registration No.:
511402000008098
Legal
Representative: Yin Yuhang
Registered Capital:
CNY 22,000,000
Zibo Benlang New Materials Co., Ltd.
------------------------------------------
Registration No.:
370300228053221
Date of
Registration:
Legal
Representative: Yin Yuhang
Registered Capital:
CNY 20,000,000
Shanghai Benlang Superhard Materials Tools Co., Ltd.
------------------------------------------
Registration No.:
310112000615463
Date of
Registration:
Legal
Representative: Yin Yuhang
Registered Capital:
CNY 2,000,000
Jiangxi Benlang New Materials Co., Ltd.
Quanzhou Benlang
Diamond Tools Co., Ltd.
------------------------------------------
Registration No.:
350583100055393
Legal
Representative: Yin Yuhang
PAYMENT
Overall payment
appraisal:
( ) Excellent ( ) Good (X) Average ( ) Fair ( ) Poor ( ) Not yet be determined
The appraisal
serves as a reference to reveal SC's payments habits and ability to pay. It is based on the 3 weighed factors: Trade
payment experience (through current enquiry with SC's suppliers), our
delinquent payment and our debt collection record concerning SC.
Trade payment experience: SC did not provide any name of trade/service suppliers and we have no
other sources to conduct the enquiry at present.
Delinquent payment record: None in our database.
Debt collection
record: No overdue amount owed by
SC was placed to us for collection within the last 6 years.
BANKING
The bank
information of SC is not filed in local SAIC.
FINANCIALS
Balance
Sheet
|
Unit: CNY’000 |
As of Dec. 31, 2012 |
As
of Dec. 31, 2013 |
As
of Sep. 30, 2014 |
|
59,248 |
69,716 |
44,449 |
|
|
Notes
receivable |
23,550 |
6,879 |
2,707 |
|
Accounts receivable |
176,125 |
163,252 |
169,417 |
|
Advances to suppliers |
1,650 |
15,389 |
16,411 |
|
Other receivable |
21,709 |
41,864 |
54,785 |
|
Inventory |
48,792 |
43,828 |
53,882 |
|
Deferred expenses |
0 |
0 |
0 |
|
Other current assets |
0 |
0 |
102,501 |
|
|
------------------ |
------------------ |
------------------ |
|
Current assets |
331,074 |
340,928 |
444,152 |
|
Long-tem investment |
61,656 |
83,581 |
83,581 |
|
Fixed assets |
60,234 |
54,768 |
51,597 |
|
Construction in progress |
278 |
278 |
278 |
|
Fixed assets in liquidation |
0 |
0 |
0 |
|
Intangible assets |
8,260 |
8,123 |
7,897 |
|
Long-term prepaid expenses |
553 |
220 |
412 |
|
Deferred income tax assets |
3,211 |
4,817 |
5,161 |
|
Other non-current assets |
0 |
0 |
0 |
|
|
------------------ |
------------------ |
------------------ |
|
Total assets |
465,266 |
492,715 |
593,078 |
|
|
============= |
============= |
============= |
|
Short-term loans |
4,086 |
0 |
65,821 |
|
Notes payable |
54,765 |
42,867 |
50,404 |
|
Accounts payable |
45,325 |
44,099 |
44,625 |
|
Wages payable |
7,390 |
7,369 |
3,822 |
|
Taxes payable |
7,294 |
4,900 |
7,708 |
|
Interest payable |
67 |
51 |
0 |
|
Advances from clients |
4,987 |
20,019 |
7,729 |
|
Other payable |
1,605 |
1,868 |
19,244 |
|
Other current liabilities |
10,440 |
12,940 |
11,892 |
|
|
------------------ |
------------------ |
------------------ |
|
Current liabilities |
135,959 |
134,113 |
211,245 |
|
Non-current liabilities |
30,000 |
30,000 |
30,000 |
|
|
------------------ |
------------------ |
------------------ |
|
Total liabilities |
165,959 |
164,113 |
241,245 |
|
Equities |
299,307 |
328,602 |
351,833 |
|
|
------------------ |
------------------ |
------------------ |
|
Total liabilities & equities |
465,266 |
492,715 |
593,078 |
|
|
============= |
============= |
============= |
Income
Statement
|
Unit: CNY’000 |
As of Dec. 31, 2013 |
From Jan. 1, 2014 to Sep.
30, 2014 |
|
Revenue |
483,401 |
339,316 |
|
Cost of sales |
352,695 |
251,757 |
|
Sales expense |
31,317 |
19,169 |
|
Management expense |
40,832 |
28,999 |
|
Finance expense |
6,583 |
2,012 |
|
Profit before tax |
47,306 |
37,100 |
|
Less: profit tax |
7,094 |
5,565 |
|
40,212 |
31,535 |
Important Ratios
=============
|
|
As
of Dec. 31, 2012 |
As
of Dec. 31, 2013 |
As
of Sep. 30, 2014 |
|
*Current ratio |
2.44 |
2.54 |
2.10 |
|
*Quick ratio |
2.08 |
2.22 |
1.85 |
|
*Liabilities
to assets |
0.36 |
0.33 |
0.41 |
|
*Net profit
margin (%) |
-- |
8.32 |
9.29 |
|
*Return on
total assets (%) |
-- |
8.16 |
5.32 |
|
*Inventory /
Revenue ×365/270 |
-- |
34 days |
43 days |
|
*Accounts
receivable / Revenue ×365/270 |
-- |
124 days |
135 days |
|
*Revenue /
Total assets |
-- |
0.98 |
0.57 |
|
*Cost of sales
/ Revenue |
-- |
0.73 |
0.74 |
FINANCIAL
COMMENTS
PROFITABILITY: FAIRLY GOOD
l
The
revenue of SC appears fairly good in its line.
l
SC’s
net profit margin is fairly good.
l
SC’s return
on total assets is fairly good.
l SC’s cost of sales is average, comparing
with its revenue.
LIQUIDITY: FAIRLY GOOD
l The current ratio of SC is maintained in a
fairly good level.
l SC’s quick ratio is maintained in a fairly
good level.
l The inventory of SC appears average.
l The accounts receivable of SC appears large.
l SC has no short-term loans in 2013.
l SC’s revenue is in an average level,
comparing with the size of its total assets.
LEVERAGE: AVERAGE
l The debt ratio of SC is average.
l The risk for SC to go bankrupt is low.
Overall financial condition of the SC:
Fairly Good.
CONCLUSIONS
SC is considered
medium-sized in its line with fairly good financial conditions. The large
amount of accounts receivable may be a threat to SC’s financial condition.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.63.62 |
|
|
1 |
Rs.99.89 |
|
Euro |
1 |
Rs.70.77 |
INFORMATION DETAILS
|
Analysis Done by
: |
KAR |
|
|
|
|
Report Prepared
by : |
NIT |
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.