|
Report No. : |
332567 |
|
Report Date : |
23.07.2015 |
IDENTIFICATION DETAILS
|
Name : |
SARA (HONG KONG)
LTD. |
|
|
|
|
Registered Office : |
Unit B, 19/F., Yardley Commercial Building, 3 Connaught Road West,
Sheung Wan |
|
|
|
|
Country : |
Hong Kong |
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Date of Incorporation : |
10.01.1975 |
|
|
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Com. Reg. No.: |
04324042 |
|
|
|
|
Legal Form : |
Private Limited Company |
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|
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|
Line of Business : |
Subject is importer and exporter of textiles – fabrics, yarns, threads, fibres, Clothing – knitted, Travel goods and handbags, Electric household articles, Electronic household articles, audio and video equipment, radios, Lighting fixtures and fittings, Toys, games, Paper and paperboard, articles of paper, stationery, Electrical machinery, apparatus and parts, Electronic devices, parts and accessories, Telecommunications, audio and video equipment and parts, Vehicles – industrial, transportation and passenger, Plastics in primary forms Cosmetics, toiletries, perfumery, Soap, cleaning agents, Chemicals – organic and inorganic |
|
|
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No. of Employee : |
21 (Including sister company) |
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 |
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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) |
|
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 |
SARA (HONG
KONG) LTD.
Unit B, 19/F.,
Yardley Commercial Building, 3 Connaught Road West, Sheung Wan, Hong Kong.
PHONE: 852-2854 3018, 2854 3221
FAX: 852-2854 3315, 2854 3391,
2851 0053
E-MAIL: sales@saraexport.com
siva@saraexport.com
Managing
Director: Mr. Sunil Ramchand Mohinani
Incorporated
on: 10th January, 1975.
Organization: Private Limited Company.
Issued Share
Capital: HK$8,000,000.00
Business Category: Importer and Exporter.
Annual
Turnover: HK$60~80 million.
Employees: 21.
(Including sister company)
Main Dealing
Banker: The
Hongkong & Shanghai Banking Corp. Ltd., Hong Kong.
Banking
Relation: Good.
Registered Head Office:-
Unit B, 19/F., Yardley
Commercial Building, 3 Connaught Road West, Sheung Wan, Hong Kong.
Mailing Address:
G.P.O. Box 7422,
Hong Kong.
Guangzhou Representative Office:-
Room 701A, Tian He Commercial Building, 4 Hua Ting Road,
Lin He Dong Road, Tianhe District, Guangzhou, Guangdong, China.
[Tel: (86-20) 3847 7461
Fax: (86-20) 3847
7440
E-mail: asish@saraexport.com
Contact Person: Mr. Asish]
Immediate Holding Company:-
Eastern Focus Investments Ltd., British Virgin
Islands.
Ultimate Holding Company:-
Kirans Impex,
Lagos.
Associated/Affiliated Companies:-
Mohinani Group of
Companies
Electromart Retail
Stores Ltd., Nigeria.
Kirans Impex
(H.K.) Ltd., Hong Kong.
Montana (Nigeria)
Ltd., Nigeria.
Montana Industries
(Nigeria) Ltd., Nigeria.
Poly Kraft (Ghana)
Ltd., Ghana.
Poly Products
(Ghana) Ltd., Ghana.
Poly Sacks (Ghana)
Ltd., Ghana.
Poly Tanks (Ghana)
Ltd., Ghana.
Polyone Industries
(Nigeria) Ltd., Nigeria.
SARA (East Africa)
Ltd., Kenya.
SARA (London)
Ltd., UK.
SARA Logistics
Services Pvt. Ltd., India.
Sara Offshore
Services Ltd., Hong Kong.
SomoChem (Kenya)
Ltd., Kenya.
SomoChem (U) Ltd.,
Uganda.
SomoChem Ltd.,
Tanzania.
Somotex (Nigeria)
Ltd., Nigeria.
Somotex Ghana
Ltd., Ghana.
Somotex Import
& Export Pvt. Ltd., India.
Somovision (Ghana)
Ltd., Ghana.
Sonnex Packaging
& Plastic Industries Ltd., Nigeria.
South West Estates
& Tourism (Ghana) Ltd., Ghana.
Uniwell Trading
Co. Ltd., Ghana.
etc.
04324042
0041446
Chairman: Mr. Ramchand Udharam Mohinani
Managing
Director: Mr. Sunil Ramchand Mohinani
Contact Persons: Mr. K. Sivakumar (General Goods)
Ms. Katie Lam (Chemical Goods)
HK$8,000,000.00
(As
per registry dated 10-01-205)
|
Name |
Occupation |
No.
of shares |
|
Sunil
Ramchand MOHINANI |
Merchant |
2 |
|
Eastern Focus Investments Ltd. Wickams Cay, P.O. Box 146, Road Town, Tortola, British Virgin Islands. |
Corporation |
79,998 |
|
|
|
–––––– |
|
|
Total: |
80,000 ===== |
(As
per registry dated 10-01-2015)
|
Name (Nationality) |
Address |
|
Ramchand Udharam
MOHINANI (Indian) |
20 Jawaharlal Nehru Road, Cantonments,
Accra, Ghana. |
|
Sunil
Ramchand MOHINANI (Indian) |
15 Walsingham, St. Johnswood Park, London,
NW8 6RG, UK. |
(As
per registry dated 10-01-2015)
|
Name |
Address |
Co.
No. |
|
C.
C. Ho & Co. Ltd. |
3/F., Shun Feng International Centre, 182 Queen’s Road East, Hong
Kong. |
0053539 |
The
subject was incorporated on 10th January, 1975 as a private limited liability
company under the Hong Kong Companies Ordinance.
Originally
the subject t was registered under the name of Kirans Impex (H.K.) Ltd., name
changed to the present style on 11th March, 2002.
Initially
the subject’s office was located at G/F., 61 Wyndham Street, Central, Hong
Kong, moved to 5/F., Yu Wing Building, 64-66 Wellington Street, Hong Kong in
June 1989, to Block A-D, 11/F., Champion Building, 287‑291 Des Voeux
Road Central, Hong Kong in October 1993.
In 2004, the subject surrendered Block D and just used Block A to Block
C which are owned by it. With effect
from 12th April, 2006, the subject moved to the present address.
Apart
from these, neither material change nor amendment has been ever traced and
noted.
Activities: Importer and Exporter.
Lines:-
·
Textiles – fabrics, yarns, threads, fibres
·
Clothing – knitted
·
Travel goods and handbags
·
Electric household articles
·
Electronic household articles, audio and video equipment,
radios
·
Lighting fixtures and fittings
·
Toys, games
·
Paper and paperboard, articles of paper, stationery
·
Electrical machinery, apparatus and parts
·
Electronic devices, parts and accessories
·
Telecommunications, audio and video equipment and
parts
·
Vehicles – industrial, transportation and passenger
·
Plastics in primary forms
·
Cosmetics, toiletries, perfumery
·
Soap, cleaning agents
·
Chemicals – organic and inorganic
Employees: 21.
(Including sister company)
Commodities Imported:
Imported from China, Taiwan, Japan, UK and also bought in Hong Kong.
Markets: Europe, Middle East and Africa.
Annual Turnover: HK$60~80 million.
Terms/Sales: As per contracted.
Terms/Buying: L/C, D/P, T/T, etc.
The Hong Kong General Chamber of Commerce,
Hong Kong.
[Membership No. HKS0748]
The Indian Chamber of Commerce Hong Kong,
Hong Kong.
Issued Share
Capital: HK$8,000,000.00
Mortgage or
Charge: (See attachment)
Profit or Loss: Making a small profit every year.
Condition: Keeping in an active condition.
Facilities: Making active use of general banking
facilities.
Payment: Met trade commitments as contracted.
Commercial
Morality: Satisfactory.
Bankers:-
The Hongkong &
Shanghai Banking Corp. Ltd., Hong Kong.
Standard Chartered
Bank (Hong Kong) Ltd., Hong Kong.
Industrial &
Commercial Bank of China (Asia) Ltd., Hong Kong.
BNP Paribas,
Hong Kong Branch.
Indo Hong Kong
International Finance Ltd., Hong Kong.
UCO Bank,
Hong Kong Branch.
DBS Bank
(Hong Kong) Ltd., Hong Kong.
Canara Bank,
Hong Kong Branch.
Hang Seng Bank
Ltd., Hong Kong.
Standing: Good.
Incorporated
in January 1975 and formerly known as Kirans Impex (H.K.) Ltd., SARA (Hong
Kong) Ltd. is an old Indian firm owned by the Mohinani family. The predecessor of the subject was set up by
Mr. Ramchand Udharam Mohinani in 1966 in Hong Kong. Now, R U Mohinani is also the Chairman of the
Mohinani Group of companies.
At
the very beginning, the subject just issued 40,000 ordinary shares of HK$100.00
each and on 27th May, 2005, its number of shares were increased to 80,000 of
the same value each. Now, the subject is
a wholly-owned subsidiary of Eastern Focus Investments Ltd. which is a
BVI-registered firm.
The
subject is a member of the Mohinani Group of companies. It has become a major distributor of
different kinds of products in the African and the
European
Union markets. It chiefly imports and
exports the following commodities:-
·
Electronics, agricultural implements, building
materials
·
Light industrial products such as umbrellas,
candles, enamel ware, kerosene stoves, lanterns, plastic materials, etc.
·
SKD/CKD/CBU of suitcase, EVA, ABS and latex
products in this range
·
Bicycle spares, tires and tubes
·
Fridges, air conditioners (split, room, wall and
commercial), electric fans, TVs, refrigerators and other general electric
household appliances like toasters, cookers, microwave ovens, kettles, ovens,
etc.
Besides,
the subject is also a supplier of chemicals and fabrics. It is specialised in sourcing and exporting
T/C Poplin, T/R Fabrics, Checked Gingham, Meiko Fabrics, Viscose Fabrics, Mini
Twills, 100% Cotton Damask, Peach Skin, Dobby Georgette, Mosk Crape, Koshibo,
Satin, etc. Fabrics are chiefly sourced
from Europe.
The
subject provides clients with quality industrial chemicals and
intermediates. It is serving more than
15 Application Segments comprising of more than 100 products, sourcing globally
from countries like China, India, South Korea, Malaysia, Brazil, the United
Kingdom, the Netherlands, etc.
The
subject offers its products either as direct imports by customers through it,
or as forward contract / local stock and sale facilitated through its associate
companies located in West Africa (Ghana and Nigeria) and East Africa (Kenya,
Tanzania and Uganda).
The
subject also carries the following chemicals:-
|
Soap and Detergents |
Caustic Soda, LABSA, Soda Ash, SSA, STPP,
Soap Noodles, Zeolite |
|
Cosmetics and Personal Care |
Glycerine, White Oil, Sorbitol, SLES,
Petroleum Jelly, MC Wax, Paraffin Wax |
|
Paints, Lacquers and Inks |
Titanium Dioxide, Gum Rosin, Maleic
Anhydride, Phthalic Anhydride, Pentaerythritol |
|
Leather and Textiles |
Basic Chromium Sulphate, Sodium Sulphide,
Formic Acid, Sodium Alginate |
|
Food Processing and Additives |
Sodium Bicarbonate, Ammonium Bicarbonate,
Citric Acid, Phosphoric Acid, Corn Starch, Dextrose Monohydrate, Liquid
Glucose |
|
Plastics and Plasticizer |
Calcium Carbonate, DOP, Methylene Chloride,
AC Blowing Agent |
|
Mining, Oil and Gas |
Potassium Chloride, Calcium Chloride,
Calcium Carbide, Bleaching Earth, Hydrogen Peroxide, Metabisulfite |
|
Water Treatment |
Aluminium Sulphate, Calcium Hypochlorite,
Stable Bleaching Powder |
|
Refrigerants and Gases |
Chlorodifluoromethane,
Dichlorodifluoromethane, Calcium Carbide |
|
Alcohols |
Ethyl Alcohol, Methanol |
|
Solvents |
Ethyl Acetate, IPA, Butanol, Toluene,
Xylene |
|
Polyurethane Intermediates |
MDI/Polyols, TDI/Polyols |
|
Construction Chemicals |
Cement Grinding Aids, Plasticizers and Air
Entraining Agents, Asphalt Emulsifiers, Concrete Admixtures, etc. |
The
subject is serving a wide range of customers with over 200 specialised products
for wholesale trade and distribution. These include hardware and building materials,
agricultural implements, luggage, case and bags, articles of daily use, tires,
etc. The subject also has established
exclusive business relationship with a leading welding electrode supplier in
China.
The
subject has set up a representative office in Guangzhou, Guangdong Province,
China. Other affiliated companies or
representative offices have been set up in some of the African countries such
as Ghana, Nigeria, Kenya, Tanzania, Uganda, etc. It also has set up an office in the United
Kingdom.
The
subject’s ultimate holding company Kirans Impex is a trading firm in Lagos,
Nigeria. The subject is also the buying
agent for Kirans Impex in Hong Kong.
Currently, Mr. Ram Udharam Mohinani is administering Kirans Impex in
Lagos.
The
subject is also a sister company of Poly Group of companies, Ghana. Poly Group is a significant group of
companies in Ghana.
The
subject has been servicing a wide industries like the plastics processors,
soaps and detergent manufacturers, oil and gas industry, glass manufacturers,
cosmetics and personal care, paints, tanneries, processed foods, water
treatment industries, etc. for their raw material requirements for a number of
years. It has become a major distributor
in Africa, the Middle East and the European Union markets. The subject’s business in Hong Kong is
chiefly handled by Mr. K. Sivakumar who is an Indian.
The
Mohinani Group is a leading second generation family business group of Indian
descent, employing over 3,000 people in its multi-sector operations across
various industries. With activities
ranging from manufacturing of packaging & plastics to trade &
distribution in chemicals / polymers / consumer durables, amongst others, the
group has a key position within its respective business segments across several
countries on the African sub-continent from Ghana to Kenya, as well as in
international trading & service centres such as Hong Kong, London and
Mumbai. Key clients and suppliers rank
amongst some of the largest and most credible companies in the world, such as
LG Electronics, Exxon Mobil, Unilever, P&G & Coca Cola, etc.
Currently,
the subject has twenty-one employees in Hong Kong. The consolidated annual sales turnover of the
subject is quite significant, ranges from HK$60 to 80 million. Has made good profits in some of the past
years. History in Hong Kong is over 40
years and six months. Overall business
is active and good.
The
subject operates from its own office in Hong Kong.
On the whole,
consider the subject good for normal business engagements.
Property information of the
company:-
1. Property
Location: Unit A2, B, C & D on
19/F., Yardley Commercial Building,
3 Connaught Road West, Hong Kong.
Owner: Kirans Impex (H.K.) Ltd.
[Now known as SARA (Hong Kong) Ltd.]
Date of Purchase: n.a.
Purchased Price: n.a.
Incumbrances:-
|
Date of Mortgage |
Amount
Consideration |
Mortgagee |
Nature |
|
05-01-2006 |
- |
Industrial & Commercial Bank of China (Asia) Ltd., Hong Kong. |
Mortgage to secure general banking facilities |
2. Property Location: Flat G on 20/F. including A/C Platform thereof of Tower 2 on
Site A, Queen’s Terrace, 1 Queen Street, Hong Kong.
Owner: Kirans Impex (H.K.) Ltd. [Now known as SARA
(Hong Kong) Ltd.]
Date of
Purchase: n.a.
Purchased
Price: n.a.
Incumbrances:-
|
Date of Mortgage |
Amount
Consideration |
Mortgagee |
Nature |
|
31-08-2007 |
- |
Industrial & Commercial Bank of China (Asia) Ltd., Hong Kong. |
Mortgage to secure general banking facilities |
|
Date |
Particulars |
Amount |
|
29-06-2004 |
Instrument: Charge
Over Deposits – CD 1 (02) Property: 1) By Fixed Charge – all the
Company’s rights 2) By assignment – all Deposits held with any
Bank Group Company Mortgagee: Standard
Chartered Bank, Hong Kong Branch.
[Now known as Standard Chartered Bank (Hong Kong) Ltd.] |
To secure the payment or discharge of all moneys, obligations and
liabilities |
|
27-07-2004 |
Instrument: Undertaking
Relating to Deposits Property: Receipt No.: 97/240083 Mortgagee: Indo
Hong Kong International Finance Ltd., Hong Kong. |
General credit facilities |
|
29-03-2005 |
Instrument: Charge Property: By way of first fixed charge of all monies
from time to time standing to the credit of the Deposit Account No. Mortgagee: Belgian
Bank, Hong Kong Branch. [Business
was taken over by Industrial & Commercial Bank of China (Asia) Ltd.] |
All monies obligations and liabilities |
|
05-01-2006 |
Instrument: Mortgage Property: 33/2,001st parts or shares of and in The
Remaining Portion of Marine Lot No. 426, The Remaining Portion of Section B
of Marine Lot No. 425, The Remaining Portion of Marine Lot No. 425, The
Remaining Portion of Section A of Marine Lot No. 425, The Remaining Portion
of Section A of Marine Lot No. 424 and The Remaining Portion of Marine Lot
No. 424 (Unit A2, B, C & D on 19/F. of Yardley Commercial Building,
3 Connaught Road West, Hong Kong.) Mortgagee: Industrial
& Commercial Bank of China (Asia) Ltd., Hong Kong. |
All monies in respect of general banking facilities |
|
24-07-2007 |
Instrument: Undertaking
Relating to Deposits Property: Receipt No.: KD28.2007 & KD110.2007 Mortgagee: Canara
Bank, Hong Kong Branch. |
General credit facility |
|
31-08-2007 |
Instrument: Mortgage Property: 54/90,328th parts or shares of and in The
Remaining Portion of Inland Lot No. 8897 (Flat G on 20/F. including A/C
Platform thereof of Tower 2 on Site A of Queen’s Terrace, 1 Queen Street,
Hong Kong.) Mortgagee: Industrial
& Commercial Bank of China (Asia) Ltd., Hong Kong. |
All monies in respect of general banking facilities |
|
04-09-2007 |
Instrument: Charge
Over Deposits – CD 2 (06) Property: 1) By fixed Charge: all the Company’s rights in respect of (i) Time
Deposits of US$1,490,116; and (ii) all other sums in any currency from time
to time standing to the credit of the Company or the credit of any other
person for the Company’s benefit whether alone or jointly with others on any
deposit account with the Bank or any other SCB Group Company including
additions to or renewals or replacements of such sum; and all interest from
time to time accruing or payable on the sums specified in (i) and (ii) above; 2) By assignment: all Deposits held with any SCB Group Company Mortgagee: Standard
Chartered Bank (Hong Kong) Ltd., Hong Kong. |
To secure the payment or discharge of all moneys, obligations and
liabilities, whether actual or contingent at the date of the Charge or at any
time after the date thereof, due, owing or incurred by Sara Offshore Services
Ltd. [Customer] to the Bank |
|
30-09-2009 |
Instrument: Charge
Over Securities – Section 2 (09) Property: 1) All the Company’s rights,
title and interest in and to: (a) all, stocks, shares, bonds, debentures,
certificates of deposit, promissory notes, units in any trust, units or other
interests in any collective investment scheme and other securities; and (b)
all securities 2) All rights in relation to
any Securities 3) All dividends, interest or other
distributions paid or to be paid on any of the Securities and the Rights and
all allotments, accretions, offers, rights, benefits and advantages Mortgagee: Standard
Chartered Bank (Hong Kong) Ltd., Hong Kong. |
All moneys, obligations and liabilities, whether actual or contingent,
on the date of the Charge or at any time thereafter due, owing or incurred by
the Company to Standard Chartered Bank (Hong Kong) Ltd. |
|
22-07-2013 |
Instrument: Security
Over Deposits Property: A deposit with chargee in the amount for
HK$64,000,000 under Deposit A/C No. 511-792467 Mortgagee: The
Hongkong & Shanghai Banking Corp. Ltd., Hong Kong. |
Amount secured (i) all monies in any currency; (ii) interest on such
monies; and (iii) all expenses of the chargee in perfecting or enforcing the
charge |
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.63.53 |
|
|
1 |
Rs.99.19 |
|
Euro |
1 |
Rs.69.60 |
INFORMATION DETAILS
|
Analysis Done by
: |
TRS |
|
|
|
|
Report Prepared
by : |
ASH |
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.