MIRA INFORM REPORT
|
Report No. : |
333131 |
|
Report Date : |
18.07.2015 |
IDENTIFICATION DETAILS
|
Name : |
JSW INTERNATIONAL TRADECORP PTE. LTD. |
|
|
|
|
Registered Office : |
8, Eu Tong Sen Street, 14-93, The Central, 059818 |
|
|
|
|
Country : |
Singapore |
|
|
|
|
Financials (as on) : |
31.03.2014 |
|
|
|
|
Date of Incorporation : |
08.11.2013 |
|
|
|
|
Com. Reg. No.: |
201330186-K |
|
|
|
|
Legal Form : |
Private Limited Company |
|
|
|
|
Line of Business : |
Subject is engaged in trading of Coal, Steel & Metal |
|
|
|
|
No of Employees : |
04 [2015] |
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 : |
Unknown |
|
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) |
|
Singapore |
A1 |
A1 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
|
Moderate |
B1 |
|
High |
B2 |
|
Very High |
C1 |
|
Restricted |
C2 |
|
Off-credit |
D |
Singapore- ECONOMIC OVERVIEW
Singapore has a highly developed and successful free-market economy. It enjoys a remarkably open and corruption-free environment, stable prices, and a per capita GDP higher than that of most developed countries. Unemployment is very low. The economy depends heavily on exports, particularly in consumer electronics, information technology products, pharmaceuticals, and on a growing financial services sector. The economy contracted 0.6% in 2009 as a result of the global financial crisis, but rebounded 15.1% in 2010, on the strength of renewed exports. Growth in 2014 was slower at 13.9%, largely a result of soft demand for exports during the second European recession. Over the longer term, the government hopes to establish a new growth path that focuses on raising productivity. Singapore has attracted major investments in pharmaceuticals and medical technology production and will continue efforts to establish Singapore as Southeast Asia's financial and high-tech hub. Singapore is a member of the 12-nation Trans-Pacific Partnership free trade agreement negotiations and, with the nine other ASEAN members, will form the ASEAN Economic Community in 2015.
|
Source : CIA |
EXECUTIVE
SUMMARY
|
REGISTRATION NO. |
: |
201330186-K |
||||
|
COMPANY NAME |
: |
JSW
INTERNATIONAL TRADECORP PTE. LTD. |
||||
|
FORMER NAME |
: |
N/A |
||||
|
INCORPORATION DATE |
: |
08/11/2013 |
||||
|
COMPANY STATUS |
: |
EXIST |
||||
|
LEGAL FORM |
: |
PRIVATE LIMITED |
||||
|
LISTED STATUS |
: |
NO |
||||
|
REGISTERED ADDRESS |
: |
8, EU TONG SEN STREET, 14-93, THE CENTRAL,
059818, SINGAPORE. |
||||
|
BUSINESS ADDRESS |
: |
8 EU TONG SEN ST #14-93 THE CENTRAL,
059818, SINGAPORE. |
||||
|
TEL.NO. |
: |
65-62226352 |
||||
|
FAX.NO. |
: |
65-62229739 |
||||
|
CONTACT PERSON |
: |
KANTILAL NARANDAS PATEL ( DIRECTOR ) |
||||
|
PRINCIPAL ACTIVITY |
: |
TRADING OF COAL, STEEL, METAL |
||||
|
ISSUED AND PAID UP CAPITAL |
: |
40,000.00 ORDINARY SHARE, OF A VALUE OF
USD 400,000.00 |
||||
|
SALES |
: |
N/A |
||||
|
NET WORTH |
: |
USD 321,078 [2014] |
||||
|
STAFF STRENGTH |
: |
4 [2015] |
||||
|
||||||
|
LITIGATION |
: |
CLEAR |
||||
|
FINANCIAL CONDITION |
: |
N/A |
||||
|
PAYMENT |
: |
Unknown |
||||
|
MANAGEMENT CAPABILITY |
: |
WEAK |
||||
|
COMMERCIAL RISK |
: |
N/A |
||||
|
CURRENCY EXPOSURE |
: |
N/A |
||||
|
GENERAL REPUTATION |
: |
POOR |
||||
|
INDUSTRY OUTLOOK |
: |
AVERAGE GROWTH |
||||
HISTORY
/ BACKGROUND
The Subject is a private limited company and is allowed to have a minimum of one and a maximum of forty-nine shareholders. As a private limited company, the Subject must have at least two directors. A private limited company is a separate legal entity from its shareholders. As a separate legal entity, the Subject is capable of owning assets, entering into contracts, sue or be sued by other companies. The liabilities of the shareholders are to the extent of the equity they have taken up and the creditors cannot claim on shareholders' personal assets even if the Subject is insolvent. The Subject is governed by the Companies Act and the company must file its annual returns, together with its financial statements with the Registrar of Companies.
The Subject is principally engaged in the (as a / as an) trading of coal, steel & metal.
The immediate and ultimate holding company of the Subject is REYNOLD TRADERS PRIVATE LIMITED, a company incorporated in INDIA.
Share Capital History
|
Date |
Issue & Paid Up Capital |
|
26/05/2015 |
USD 400,000.00 |
The major
shareholder(s) of the Subject are shown as follows :
Name |
Address |
IC/PP/Loc No |
Shareholding |
(%) |
|
REYNOLD TRADERS PRIVATE LIMITED |
JSW CENTRE, BANDRA KURLA COMPLEX, NEAR MMRDA GROUND, BANDRA (EAST), MUMBAI, 400051, INDIA. |
T13UF4609 |
40,000.00 |
100.00 |
|
--------------- |
------ |
|||
|
40,000.00 |
100.00 |
|||
|
============ |
===== |
+ Also Director
DIRECTORS
DIRECTOR 1
|
Name Of Subject |
: |
KANTILAL NARANDAS PATEL |
|
Address |
: |
12, YESHOMANGAL CHS LTD, 64-B, LALLUBHAI SHAMALDAS ROAD, ANDHERI WEST MUMBAI, M S, 400058, INDIA. |
|
IC / PP No |
: |
Z2330242 |
|
Nationality |
: |
INDIAN |
|
Date of Appointment |
: |
08/11/2013 |
DIRECTOR 2
|
Name Of Subject |
: |
MR. LIM TIONG BENG |
|
Address |
: |
2, GUOK AVENUE, 119632, SINGAPORE. |
|
IC / PP No |
: |
S1073678A |
|
Nationality |
: |
SINGAPOREAN |
|
Date of Appointment |
: |
08/11/2013 |
MANAGEMENT
|
1) |
Name of Subject |
: |
KANTILAL NARANDAS PATEL |
|
Position |
: |
DIRECTOR |
AUDITOR
|
Auditor |
: |
JBS PRACTICE PUBLIC ACCOUNTING CORPORATION |
|
Auditor' Address |
: |
N/A |
COMPANY
SECRETARIES
|
1) |
Company Secretary |
: |
CHAN CHOW PHENG |
|
IC / PP No |
: |
S1298885J |
|
|
Address |
: |
59, TELOK BLANGAH HEIGHTS, 04-11, 100059, SINGAPORE. |
|
BANKING
Banking relations are maintained principally
with :
|
1) |
Name |
: |
BNP PARIBAS |
ENCUMBRANCE
(S)
|
Charge No |
Creation Date |
Charge
Description |
Chargee Name |
Total Charge |
Status |
|
C201402971 |
21/03/2014 |
N/A |
BNP PARIBAS |
- |
Unsatisfied |
|
C201408156 |
04/08/2014 |
N/A |
MALAYAN BANKING BERHAD |
- |
Unsatisfied |
LITIGATION
CHECK AGAINST SUBJECT
* A check has been conducted in our databank against
the Subject whether the subject has been involved in any litigation.
No legal action was found in our databank.
No winding up petition was found in our
databank.
PAYMENT
RECORD
|
SOURCES OF RAW MATERIALS: |
||
|
Local |
: |
N/A |
|
Overseas |
: |
N/A |
The staff from the registered office refused to
disclose the Subject's suppliers.
CLIENTELE
|
Local |
: |
N/A |
|
Overseas |
: |
N/A |
The staff from the registered office refused to
disclose the Subject's clientele.
OPERATIONS
|
Goods Traded |
: |
COAL, STEEL, METAL |
|
|
Total Number of Employees: |
|||||||||
|
YEAR |
2015 |
2014 |
|||||||
|
GROUP |
N/A |
N/A |
|||||||
|
COMPANY |
4 |
4 |
|||||||
|
Branch |
: |
NO |
Other Information:
The Subject is principally
engaged in the (as a / as an) trading of coal, steel & metal.
The staff from the registered office refused to
disclose the Subject's operation.
CURRENT
INVESTIGATION
Latest fresh
investigations carried out on the Subject indicated that :
|
Telephone Number Provided By Client |
: |
N/A |
|
Current Telephone Number |
: |
65-62226352 |
|
Match |
: |
N/A |
|
Address Provided by Client |
: |
8 EU TONG SEN STREET 14-93 THE CENTRAL
SINGAPORE 059818 |
|
Current Address |
: |
8 EU TONG SEN ST #14-93 THE CENTRAL,
059818, SINGAPORE. |
|
Match |
: |
YES |
Other
Investigations
we
contacted one of the staff from the Subject's registered office and he only
provided limited information.
The staff from the registered office refused to
comment anything on the Subject's nil turnover.
FINANCIAL
ANALYSIS
|
The Subject's turnover was nil during the year
indicate that it was inactive. As a result, we are unable to comment on its
financial performance. |
||||||
|
Overall
financial condition of the Subject : N/A |
||||||
SINGAPORE
ECONOMIC / INDUSTRY OUTLOOK
|
Major Economic Indicators
: |
2009 |
2010 |
2011 |
2012 |
2013 |
|
|
|||||
|
Population (Million) |
4.98 |
5.08 |
5.18 |
5.31 |
5.40 |
|
Gross Domestic Products ( % ) |
(0.8) |
14.5 |
4.9 |
1.3 |
3.7 |
|
Consumer Price Index |
0.6 |
2.8 |
5.2 |
4.6 |
2.4 |
|
Total Imports (Million) |
356,299.3 |
423,221.8 |
459,655.1 |
474,554.0 |
466,762.0 |
|
Total Exports (Million) |
391,118.1 |
478,840.7 |
514,741.2 |
510,329.0 |
513,391.0 |
|
|
|||||
|
Unemployment Rate (%) |
3.2 |
2.2 |
2.1 |
2.0 |
1.9 |
|
Tourist Arrival (Million) |
9.68 |
11.64 |
13.17 |
14.49 |
15.46 |
|
Hotel Occupancy Rate (%) |
75.8 |
85.6 |
86.5 |
86.4 |
86.3 |
|
Cellular Phone Subscriber (Million) |
1.37 |
1.43 |
1.50 |
1.52 |
1.97 |
|
|
|||||
|
Registration of New Companies (No.) |
26,414 |
29,798 |
32,317 |
31,892 |
37,288 |
|
Registration of New Companies (%) |
4.3 |
12.8 |
8.5 |
(1.3) |
9.8 |
|
Liquidation of Companies (No.) |
22,393 |
15,126 |
19,005 |
17,218 |
17,369 |
|
Liquidation of Companies (%) |
113.4 |
(32.5) |
25.6 |
9.4 |
(5.3) |
|
|
|||||
|
Registration of New Businesses (No.) |
26,876 |
23,978 |
23,494 |
24,788 |
22,893 |
|
Registration of New Businesses (%) |
8.15 |
(10.78) |
2.02 |
5.51 |
1.70 |
|
Liquidation of Businesses (No.) |
23,552 |
24,211 |
23,005 |
22,489 |
22,598 |
|
Liquidation of Businesses (%) |
11.4 |
2.8 |
(5) |
(2.2) |
0.5 |
|
|
|||||
|
Bankruptcy Orders (No.) |
2,058 |
1,537 |
1,527 |
1,748 |
1,992 |
|
Bankruptcy Orders (%) |
(11.5) |
(25.3) |
(0.7) |
14.5 |
14.0 |
|
Bankruptcy Discharges (No.) |
3,056 |
2,252 |
1,391 |
1,881 |
2,584 |
|
Bankruptcy Discharges (%) |
103.7 |
(26.3) |
(38.2) |
35.2 |
37.4 |
|
|
|||||
|
INDUSTRIES ( %
of Growth ) : |
|||||
|
Agriculture |
|||||
|
Production of Principal Crops |
3.25 |
(0.48) |
4.25 |
3.64 |
- |
|
Fish Supply & Wholesale |
(1.93) |
(10.5) |
12.10 |
(0.5) |
- |
|
|
|||||
|
Manufacturing * |
71.5 |
92.8 |
100.0 |
100.3 |
102.0 |
|
Food, Beverages & Tobacco |
90.4 |
96.4 |
100.0 |
103.5 |
103.5 |
|
Textiles |
145.9 |
122.1 |
100.0 |
104.0 |
87.1 |
|
Wearing Apparel |
211.0 |
123.3 |
100.0 |
92.1 |
77.8 |
|
Leather Products & Footwear |
79.5 |
81.8 |
100.0 |
98.6 |
109.8 |
|
Wood & Wood Products |
101.4 |
104.0 |
100.0 |
95.5 |
107.4 |
|
Paper & Paper Products |
95.4 |
106.1 |
100.0 |
97.4 |
103.2 |
|
Printing & Media |
100.9 |
103.5 |
100.0 |
93.0 |
86.1 |
|
Crude Oil Refineries |
96.4 |
95.6 |
100.0 |
99.4 |
93.5 |
|
Chemical & Chemical Products |
80.3 |
97.6 |
100.0 |
100.5 |
104.1 |
|
Pharmaceutical Products |
49.1 |
75.3 |
100.0 |
109.7 |
107.2 |
|
Rubber & Plastic Products |
101.2 |
112.3 |
100.0 |
96.5 |
92.9 |
|
Non-metallic Mineral |
91.9 |
92.5 |
100.0 |
98.2 |
97.6 |
|
Basic Metals |
92.6 |
102.2 |
100.0 |
90.6 |
76.5 |
|
Fabricated Metal Products |
90.8 |
103.6 |
100.0 |
104.3 |
105.1 |
|
Machinery & Equipment |
57.3 |
78.5 |
100.0 |
112.9 |
114.5 |
|
Electrical Machinery |
86.8 |
124.1 |
100.0 |
99.3 |
108.5 |
|
Electronic Components |
85.2 |
113.6 |
100.0 |
90.6 |
94.3 |
|
Transport Equipment |
96.0 |
94.0 |
100.0 |
106.3 |
107.5 |
|
|
|||||
|
Construction |
(36.9) |
14.20 |
20.50 |
28.70 |
- |
|
Real Estate |
1.4 |
21.3 |
25.4 |
31.9 |
- |
|
|
|||||
|
Services |
|||||
|
Electricity, Gas & Water |
1.70 |
4.00 |
7.00 |
6.30 |
- |
|
Transport, Storage & Communication |
3.90 |
12.80 |
7.40 |
5.30 |
- |
|
Finance & Insurance |
(16.4) |
(0.4) |
8.90 |
0.50 |
- |
|
Government Services |
4.50 |
9.70 |
6.90 |
6.00 |
- |
|
Education Services |
0.10 |
(0.9) |
(1.4) |
0.30 |
- |
|
|
|||||
|
* Based on Index of Industrial Production
(2011 = 100) |
|||||
|
(Source : Department of Statistics) |
INDUSTRY
ANALYSIS
|
INDUSTRY : |
TRADING |
|
The wholesale and retail trade sectors have expanded by 2.0% in the
third quarter of 2014, extending the 1.8 per cent growth in the previous quarter.
In 2013, the wholesale and retail sector expanded by 5.0%, after declining by
1.4% the year before. Growth of the sector was driven by the wholesale trade
segment. |
|
|
The domestic wholesale trade index has increased by 3.2% in the fourth
quarter of 2013, moderating from the 6.6% growth in the previous quarter. The
slower growth was due to a decline in the sales of furniture and household
equipment (-12%) and petroleum and petroleum products (-0.6%). For the full
year, the domestic wholesale trade index grew by 5.2% reversing the 2.2%
decline in 2012. On the other hand, the foreign wholesale trade index has
increased by a slower pace of 5.6% in the fourth quarter, compared to the
7.7% expansion in the preceding quarter. The slowdown was due to a fall in
the sales of telecommunication equipment and computer (-3.8%) and petroleum
and petroleum products (-2.5%). For the full year, the growth of the foreign
wholesale trade index moderated slightly to 8.6% from 9.1% in the previous
year. |
|
|
In the fourth quarter of 2013, retail sales volume fell by 6.2%,
extending the 5.6% decline in the previous quarter. Excluding motor vehicles,
retail sales volume increased by 0.4%, a slower pace of expansion as compared
to the 1.6% gain in the preceding quarter. The sales volume of motor vehicles
fell by 33% in the fourth quarter of 2013, extending the 32% decline in the
previous quarter. Meanwhile, the sales of several discretionary items also
fell in the fourth quarter of 2013. For instance, the sales of telecommunications
apparatus and computers fell by 12%, while the sales of furniture and
household equipment declined by 5.4%. |
|
|
For the full year, retail sales volume contracted by 4.3%, a reversal from
the 1.3% expansion in 2012. Excluding motor vehicle sales, the retail sales
volume grew by 1.1% in 2013, slower than the 1.7% increase in 2012. Watches
and jewellery recorded the largest increase (11%) in sales in 2013, followed
by optical goods and book (3%) and medical goods and toiletries (3%). By
contrast, the sales of telecommunications apparatus and computer (-7.3%),
furniture and household equipment (-4.2%) and petrol service stations (-1.4)
declined in 2013. |
|
|
OVERALL INDUSTRY OUTLOOK : AVERAGE GROWTH |
|
CREDIT
RISK EVALUATION & RECOMMENDATION
|
Incorporated in 2013, the Subject is a
Private Limited company, focusing on trading of coal, steel, metal. The
Subject was newly established and it has yet to build up a stable clientele
base in the market. It is likely to incur start-up costs during the initial
years of its operations. With a small issued and paid up capital of USD
400,000, the Subject may face difficulties in its attempt to further expand
its business in the future compared to other competitor. The Subject has generated an unfavourable
return on shareholders' funds indicating that the management was inefficient
in utilising its funds to generate return. The Subject is in good liquidity
position with its current liabilities well covered by it current assets.
Hence, it has sufficient working capital to meet its short term financial
obligations. Being a zero geared company, the Subject virtually has no
financial risk as it is mainly dependent on its internal funds to finance its
business. Without a strong assets backing, the
Subject may face difficulties in getting loans for its future expansion and
continued growth . The industry shows an upward trend and
this trend is very likely to sustain in the near terms. In view of the above, we recommend credit
be granted to the Subject with close monitoring. |
|
|
PROFIT
AND LOSS ACCOUNT
|
THE FINANCIAL
STATEMENTS WERE PREPARED IN ACCORDANCE WITH SINGAPORE FINANCIAL REPORTING
STANDARDS. |
|
JSW
INTERNATIONAL TRADECORP PTE. LTD. |
|
Financial Year End |
2014-03-31 |
|
Months |
4 |
|
Consolidated Account |
Company |
|
Audited Account |
YES |
|
Unqualified Auditor's Report (Clean
Opinion) |
YES |
|
Financial Type |
FULL |
|
Currency |
USD |
|
PROFIT/(LOSS) FROM OPERATIONS |
(92,207) |
|
---------------- |
|
|
PROFIT/(LOSS) BEFORE TAXATION |
(92,207) |
|
Taxation |
13,285 |
|
---------------- |
|
|
PROFIT/(LOSS) AFTER TAXATION |
(78,922) |
|
---------------- |
|
|
PROFIT AVAILABLE FOR APPROPRIATIONS |
(78,922) |
|
---------------- |
|
|
RETAINED PROFIT/(LOSS) CARRIED FORWARD |
(78,922) |
|
============= |
|
|
INTEREST EXPENSE
(as per notes to P&L) |
|
|
Others |
10,277 |
|
---------------- |
|
|
10,277 |
|
|
============= |
BALANCE
SHEET
|
JSW
INTERNATIONAL TRADECORP PTE. LTD. |
|
ASSETS EMPLOYED: |
|
|
FIXED ASSETS |
4,910 |
|
Deferred assets |
13,285 |
|
---------------- |
|
|
TOTAL LONG TERM INVESTMENTS/OTHER ASSETS |
13,285 |
|
---------------- |
|
|
TOTAL LONG TERM ASSETS |
18,195 |
|
Other debtors, deposits & prepayments |
20,019 |
|
Cash & bank balances |
292,015 |
|
---------------- |
|
|
TOTAL CURRENT ASSETS |
312,034 |
|
---------------- |
|
|
TOTAL ASSET |
330,229 |
|
============= |
|
|
Other creditors & accruals |
9,151 |
|
---------------- |
|
|
TOTAL CURRENT LIABILITIES |
9,151 |
|
---------------- |
|
|
NET CURRENT ASSETS/(LIABILITIES) |
302,883 |
|
---------------- |
|
|
TOTAL NET ASSETS |
321,078 |
|
============= |
|
|
SHARE CAPITAL |
|
|
Ordinary share capital |
400,000 |
|
---------------- |
|
|
TOTAL SHARE CAPITAL |
400,000 |
|
Retained profit/(loss) carried forward |
(78,922) |
|
---------------- |
|
|
TOTAL RESERVES |
(78,922) |
|
---------------- |
|
|
SHAREHOLDERS' FUNDS/EQUITY |
321,078 |
|
---------------- |
|
|
321,078 |
|
|
============= |
|
FINANCIAL
RATIO
|
JSW
INTERNATIONAL TRADECORP PTE. LTD. |
|
TYPES OF FUNDS |
|
|
Cash |
292,015 |
|
Net Liquid Funds |
292,015 |
|
Net Liquid Assets |
302,883 |
|
Net Current Assets/(Liabilities) |
302,883 |
|
Net Tangible Assets |
321,078 |
|
Net Monetary Assets |
302,883 |
|
BALANCE SHEET
ITEMS |
|
|
Total Borrowings |
0 |
|
Total Liabilities |
9,151 |
|
Total Assets |
330,229 |
|
Net Assets |
321,078 |
|
Net Assets Backing |
321,078 |
|
Shareholders' Funds |
321,078 |
|
Total Share Capital |
400,000 |
|
Total Reserves |
(78,922) |
|
LIQUIDITY
(Times) |
|
|
Cash Ratio |
31.91 |
|
Liquid Ratio |
34.10 |
|
Current Ratio |
34.10 |
|
WORKING CAPITAL
CONTROL (Days) |
|
|
Stock Ratio |
0 |
|
Debtors Ratio |
0 |
|
Creditors Ratio |
0 |
|
SOLVENCY RATIOS
(Times) |
|
|
Gearing Ratio |
0.00 |
|
Liabilities Ratio |
0.03 |
|
Times Interest Earned Ratio |
(7.97) |
|
Assets Backing Ratio |
0.80 |
|
PERFORMANCE
RATIO (%) |
|
|
Operating Profit Margin |
0.00 |
|
Net Profit Margin |
0.00 |
|
Return On Net Assets |
(25.52) |
|
Return On Capital Employed |
(25.52) |
|
Return On Shareholders' Funds/Equity |
(24.58) |
|
Dividend Pay Out Ratio (Times) |
0.00 |
|
NOTES TO
ACCOUNTS |
|
|
Contingent Liabilities |
0 |
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.63.49 |
|
|
1 |
Rs.99.43 |
|
Euro |
1 |
Rs.69.14 |
INFORMATION DETAILS
|
Analysis Done by
: |
DIV |
|
|
|
|
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.