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Report No. : |
332780 |
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Report Date : |
27.07.2015 |
IDENTIFICATION DETAILS
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Name : |
HAI PHONG TRADING CONSTRUCTION NO 5 JSC |
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Registered Office : |
22 Vo Thi Sau St May To Ward, Ngo Quyen Dist, Hai Phong |
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Country : |
Vietnam |
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Date of Incorporation : |
17.10.2010 |
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Legal Form : |
Joint Stock Company |
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Line of Business : |
Subject is trader of Construction & Construction Materials |
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No. of Employee : |
49 |
RATING & COMMENTS
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MIRA’s Rating : |
B |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
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Status : |
Moderate |
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Payment Behaviour : |
Unknown |
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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) |
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Vietnam |
A2 |
A2 |
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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 |
VIETNAM - ECONOMIC OVERVIEW
Vietnam is a densely-populated developing country that has been transitioning from the rigidities of a centrally-planned economy since 1986. Vietnamese authorities have reaffirmed their commitment to economic modernization in recent years. Vietnam joined the World Trade Organization in January 2007, which has promoted more competitive, export-driven industries . Vietnam became an official negotiating partner in the Trans-Pacific Partnership trade agreement in 2010. Agriculture's share of economic output has continued to shrink from about 25% in 2000 to 18% in 2014, while industry's share increased from 36% to 38% in the same period. State-owned enterprises account for about 40% of GDP. Poverty has declined significantly, and Vietnam is working to create jobs to meet the challenge of a labor force that is growing by more than one million people every year. The global recession hurt Vietnam's export-oriented economy, with GDP in 2014 growing at 5.4%, one of the slower growth rates since 1999. Exports have grown strongly in 2013-14; several administrative actions brought the trade deficit back into balance. Between 2008 and 2011, Vietnam's managed currency, the dong, was devalued in excess of 20%, but its value has remained relatively stable since then. Hanoi has oscillated between promoting growth and emphasizing macroeconomic stability in recent years. In February 2011, the government shifted from policies aimed at achieving a high rate of economic growth, which had stoked inflation, to those aimed at stabilizing the economy, through tighter monetary and fiscal control. Although Vietnam unveiled a broad, "three pillar" economic reform program in early 2012, proposing the restructuring of public investment, state-owned enterprises, and the banking sector, Hanoi’s progress in meeting its goals is lagging behind its proposed schedule. Vietnam's economy continues to face challenges from an undercapitalized banking sector and non-performing loans weigh heavily on banks and businesses. Vietnam is a member of the 12-nation Trans-Pacific Partnership free trade agreement negotiations.
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Source
: CIA |
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Organization Name |
: |
HAI PHONG TRADING CONSTRUCTION NO 5 JSC (1) |
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Address |
: |
22 Vo Thi Sau St May To Ward, Ngo Quyen
Dist, Hai Phong |
|
Country |
: |
Vietnam |
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Phone (S) |
: |
[+84] 31-3551237 |
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Facsimile |
: |
[+84] 31-3836101 |
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Email |
: |
vietracimexhp@hn.vnn.vn |
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Website |
: |
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Primary Business Activity |
: |
Trader |
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Key Industry |
: |
Construction & Construction Materials |
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Registered Legal Address |
: |
22 Vo Thi Sau St May To Ward, Ngo Quyen
Dist, Hai Phong |
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Operational Address |
: |
22 Vo Thi Sau St May To Ward, Ngo Quyen
Dist, Hai Phong |
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Trading Name |
: |
VIETRACIMEX HAI PHONG |
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Issuing Authority |
: |
Dept. of Planning & Investment - Hai
Phong |
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License Number |
: |
0200375711 |
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License Status |
: |
License exists - Normal. |
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Legal Form - Category |
: |
Joint Stock Company |
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Legal Form |
: |
Joint Stock Company |
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Legal Form - Abbreviation |
: |
JSC |
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Operational Status of Business |
: |
Normal |
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Date of Registration |
: |
17 Oct, 2010 |
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Employees |
: |
49 |
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Capital |
: |
US$ 2,984,389 |
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PREVIOUS BUSINESS LICENSE/S |
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Note |
: |
(1) Legal
status of the English corporate name |
Key Person
|
Legal Title |
: |
Chairman |
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Name |
: |
Mr. Vo Nhat Thang |
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Nationality |
: |
Vietnamese |
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COMPANY MANAGEMENT |
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Management Listings |
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Management Details - 1 |
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Management Details - 2 |
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Management Details - 3 |
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Management Details - 4 |
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Management Details - 5 |
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COMPANY DIRECTORS |
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REPUTATION |
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Reference checking for the purpose of
establishing HAI PHONG TRADING CONSTRUCTION NO 5 JSC's reputation within the
respective industry failed to reveal any adverse information. |
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DISHONORED CHECKS |
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No Record Found |
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DEBT |
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No Record Found |
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CIVIL LITIGATION |
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No Record Found |
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PERFORMANCE
DEFAULTS |
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No Record Found |
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ADVERSE LOCAL
MEDIA COVERAGE / ADVERSE FILING HISTORY |
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No Record Found |
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CAPITAL (Currency: VND - Vietnam Dong) |
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SHAREHOLDERS
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Total number of shareholders |
: |
n/a |
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Total number of shares |
: |
n/a |
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Currency |
: |
VND - Vietnam Dong |
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No. |
Shareholders |
Country |
Shares |
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Number |
Amount (VND) |
% |
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1 |
UNDISCLOSED SHAREHOLDERS |
n/a |
n/a |
n/a |
77.00 |
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2 |
STATE CAPITAL INVESTMENT CORP |
Vietnam |
n/a |
n/a |
23.00 |
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Total |
n/a |
n/a |
100.00 |
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Based on corporate statutory laws /
regulations in Vietnam, there is no requirement for public disclosure of
Shareholders. In this case, the Shareholders information was supplied by the
Subject Business Entity.
However in the absence of data normally obtained from local Statutory
Authorities, it is not possible to verify the accuracy of data supplied and
hence is provided as reference ONLY.
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DOMESTIC SALES & PURCHASES |
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PAYMENT TERMS |
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Selling |
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Purchasing |
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RELATED PARTIES (Subsidiaries ,
Joint-ventures & Affiliates) |
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The following provides a summary of the
number of businesses that are related to HAI PHONG TRADING CONSTRUCTION NO 5
JSC: |
|
TYPE |
DOMESTIC |
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TOTAL |
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Subsidiaries |
1 |
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Joint-Ventures |
- |
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Minority shareholdings |
- |
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Affiliates |
- |
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Liaison / Representative Offices |
- |
Domestic
|
Business Entity Name |
: |
HANOI BRANCH OF HAI PHONG TRADING
CONSTRUCTION NO 5 JSC |
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Global Identifier |
: |
P3156919 |
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Country |
: |
Vietnam |
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Relationship |
: |
Subsidiary |
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Operational Address |
: |
201 Minh Khai St, Hai Ba Trung Dist, Hanoi |
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Primary Business Activity |
: |
Trader |
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Industry |
: |
Construction & Construction Materials |
FINANCIAL STATEMENT – DETAILED
Based on the corporate laws of Vietnam, legal
entities which are a Joint Stock Company are not required to make public
disclosure of their annual financials. Therefore no financials are available
for this entity.
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Today's Exchange
rate |
: |
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Country |
: |
Vietnam |
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Business Entity Name |
: |
HAI PHONG TRADING CONSTRUCTION NO 5 JSC |
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Primary Business Activity |
: |
Trader |
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Primary Industry |
: |
Construction & Construction Materials |
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Office Contact Details |
||
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Operating Address |
: |
22 Vo Thi Sau St May To Ward, Ngo Quyen
Dist, Hai Phong |
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Tel |
: |
[+84] 31-3551237 |
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|
: |
[+84] 31-3836681 |
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|
: |
[+84] 31-3826854 |
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Fax |
: |
[+84] 31-3836101 |
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|
: |
[+84] 31-3552450 |
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Email |
: |
vietracimexhp@hn.vnn.vn |
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Website Details |
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Website |
: |
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Status |
: |
Registered but not operational |
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Tax / VAT Details |
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Tax Issuing Authority |
: |
Ministry of Finance |
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Local Name Used |
: |
Gia Trj Gia Tang (Value Added Tax) |
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Acronym |
: |
GTGT / VAT |
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GTGT / VAT Number |
: |
0200375711 |
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Date of Issuance |
: |
19 Jan, 2000 |
Primary Products
|
Products / Materials / Services Description |
Activity |
|
Asphalt mixtures |
Importing, Trading |
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Construction equipment |
Importing, Trading |
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Construction materials |
Importing, Trading |
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SIC PRODUCT CLASSIFICATION & ACTIVITY |
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HARMONIZED PRODUCT CLASSIFICATION &
ACTIVITY |
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DETAILED PRODUCT CLASSIFICATION &
ACTIVITY |
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CORE BUSINESS DESCRIPTION |
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Core Business |
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The primary business focus of HAI PHONG
TRADING CONSTRUCTION NO 5 JSC is Trading - Finished products. Asphalt mixtures Construction equipment Construction materials |
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Supplementary Business |
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In addition to the core business, HAI PHONG
TRADING CONSTRUCTION NO 5 JSC also is engaged in the following areas of
business: Importing Importing - Finished products Service Specialized professional services,
including: Equipment rental |
BANK
DETAILS
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INTERNATIONAL TRADE - Activity & Markets
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Country / Region |
Estimated level of importance |
Trading Activity |
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Asia / Pacific |
Medium |
Importing |
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Middle-East |
Medium |
Importing |
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Iran |
Medium |
Importing |
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Singapore |
Medium |
Importing |
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OFFICE & FACILITIES |
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The following information relates to the
Business Entity's office as listed above: |
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WAREHOUSING FACILITIES |
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N/a
FOREIGN EXCHANGE RATES
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Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.63.89 |
|
|
1 |
Rs.99.10 |
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Euro |
1 |
Rs.70.12 |
INFORMATION DETAILS
|
Analysis Done by
: |
KAS |
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Report Prepared
by : |
ASH |
RATING EXPLANATIONS
|
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 |
|
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 |
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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 |
|
<10 |
C |
Absolute credit risk exists. Caution needed to be exercised |
Credit not
recommended |
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-- |
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.