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Report No. : |
324387 |
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Report Date : |
08.06.2015 |
IDENTIFICATION DETAILS
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Name : |
RAPEE PTY LIMITED |
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Registered Office : |
191-193 Cleveland Street, Redfern, New South Wales, NSW 2016 |
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Country : |
Australia |
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Date of Incorporation : |
1977 |
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Com. Reg. No.: |
ACN: 001712938 |
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Legal Form : |
Australian Proprietary Company |
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Line of Business : |
The Subject is engaged in designing, sourcing and supplying of cushions
and napkins, from yarn and solid dyed, printed cotton, polyester and blended
fabrics. |
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No. of Employees : |
90 [Estimated] |
RATING & COMMENTS
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MIRA’s Rating : |
Ba |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
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Status : |
Satisfactory |
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Payment Behaviour : |
No Complaints |
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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 – December 31, 2014
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Country Name |
Previous Rating (30.09.2014) |
Current Rating (31.12.2014) |
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Australia |
A1 |
A1 |
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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 |
AUSTRALIA - ECONOMIC OVERVIEW
The Australian economy has experienced continuous growth and
features low unemployment, contained inflation, very low public debt, and a
strong and stable financial system. By 2014, Australia had experienced more
than 20 years of continued economic growth, averaging more than 3% a year.
Demand for resources and energy from Asia and especially China has grown
rapidly, creating a channel for resources investments and growth in commodity
exports. The high Australian dollar has hurt the manufacturing sector, while
the services sector is the largest part of the Australian economy, accounting
for about 70% of GDP and 75% of jobs. Australia was comparatively unaffected by
the global financial crisis as the banking system has remained strong and
inflation is under control. Australia has benefited from a dramatic surge in
its terms of trade in recent years, stemming from rising global commodity
prices. Australia is a significant exporter of natural resources, energy, and
food. Australia's abundant and diverse natural resources attract high levels of
foreign investment and include extensive reserves of coal, iron, copper, gold,
natural gas, uranium, and renewable energy sources. A series of major
investments, such as the US$40 billion Gorgon Liquid Natural Gas project, will
significantly expand the resources sector. Australia is an open market with
minimal restrictions on imports of goods and services. The process of opening
up has increased productivity, stimulated growth, and made the economy more
flexible and dynamic. Australia plays an active role in the World Trade
Organization, APEC, the G20, and other trade forums. Australia has bilateral
free trade agreements (FTAs) with Chile, Malaysia, New Zealand, Singapore,
Thailand, and the US, has a regional FTA with ASEAN and New Zealand, is
negotiating agreements with China, India, Indonesia, Japan, and the Republic of
Korea, as well as with its Pacific neighbors and the Gulf Cooperation Council
countries, and is also working on the Trans-Pacific Partnership Agreement with Brunei
Darussalam, Canada, Chile, Malaysia, Mexico, New Zealand, Peru, Singapore, the
US, and Vietnam.
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Source
: CIA |
IDENTIFICATION
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Subject name: |
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Other style: |
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Address: |
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Town: |
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State/province: |
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Zip/postal code: |
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Country: |
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Telephone: |
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Fax: |
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Email: |
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Website: |
www.florencebroadhursthome.com.au |
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EXECUTIVE SUMMARY
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Date
established: |
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Legal form: |
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Main activities: |
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Employees: |
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REGISTRY DATA
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Key Facts |
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Date
established: |
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Date registered: |
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Legal form: |
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Registration no: |
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Registry auth.: |
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Tax number: |
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Registry status: |
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Previous names: |
The Subject initially operated under the name of
J RAPEE & CO PTY LTD and changed to the present style on 10-01-1996. |
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Comments: |
GOOD LIVING MANUFACTURING CO is a business name
which registered under Business Name Registration Number NSW J7926222. |
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LEGAL FILINGS
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Bankruptcy
filings: |
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Court
judgements: |
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Tax liens: |
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Other: |
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MANAGEMENT & STAFF
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Name: |
Vicki Parsons |
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Job title: |
Director |
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Name: |
Peter Scott King |
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Job title: |
Company Secretary |
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Auditor: |
Level 4, 222 Clarence Street Sydney, NSW 2000 Australia |
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No of employees |
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BOARD OF DIRECTORS / OTHER APPOINTMENTS
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St Ives, NSW 2075 Australia |
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Birth Place: Sydney, New South Wales |
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Name: |
Vicki Parsons |
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Board function: |
Director |
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Date appointed: |
17-12-2010 |
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Address: |
Unit 4, 41 Cremorne Road Cremorne, NSW 2090 Australia |
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Biography: |
Born: 31-12-1945 Birth Place: Sydney, New South Wales |
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Name: |
Peter Scott King |
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Board function: |
Company Secretary |
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Date appointed: |
04-05-2010 |
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Address: |
30A Brighton Street Freshwater, NSW 2096 Australia |
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Biography: |
Born: 01-06-1966 Birth Place: Sydney, New South Wales |
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SHARE CAPITAL
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Composition |
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Authorised: |
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Number/type: |
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Share value: |
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Issued: |
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Paid-up: |
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Shareholders/Owners
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Redfern, NSW
2016 Australia |
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ABN: 42003181100 |
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CORPORATE AFFILIATIONS
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Redfern, NSW 2016 Australia |
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ABN: 42003181100 |
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Name: |
CHARLES PARSONS (NZ) LIMITED |
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Affiliation type: |
Sister Company |
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Address: |
525 Rosebank Rd Avondale, Auckland New Zealand |
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Comment: |
Company Number: 110409 Incorporation Date: 18/03/1955 |
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Name: |
CHARLES PARSONS PACIFIC LIMITED |
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Affiliation type: |
Sister Company |
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Address: |
525 Rosebank Rd Avondale, Auckland New Zealand |
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Comment: |
Company Number: 382535 Incorporation Date: 24 Feb 1988 |
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Name: |
CHARLES PARSONS & CO PTY LTD |
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Affiliation type: |
Associate |
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Address: |
Level 4 59 Goulbourn Street Sydney, NSW 2000 Australia |
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Comment: |
ACN: 000008668 ABN: 96 000 008 668 Registration date: 12/02/1920 |
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Name: |
CHARLES PARSONS PACIFIC LIMITED |
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Affiliation type: |
Associate |
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Address: |
525 Rosebank Rd Avondale, Auckland New Zealand |
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Comment: |
Company Number: 382535 Incorporation Date: 24/02/1988 |
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Name: |
CHARLES PARSONS TRADING (SHANGHAI) CO.,
LTD. |
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Affiliation type: |
Associate |
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Address: |
China |
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Name: |
J RAPEE & CO (SINGAPORE) PTE LTD |
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Affiliation type: |
Associate |
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Address: |
998 Toa Payoh North #03-01 Singapore 318993 Singapore |
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Comment: |
Registration No.: 198801636N |
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Name: |
LIVINGTON ENTERPRISES LTD |
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Affiliation type: |
Associate |
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Address: |
Unit B, 1/F Kam Mang Fung Fty Building 6 Hong Man Street Chai Wan Hong Kong |
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Subject is a member
of CHARLES PARSONS Group of companies. Companies under the group will be
considered as affiliates. |
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BANKING & FINANCING
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It is generally not the policy of local
banks to provide credit status information to non-bona fide applications, and
interested parties would be advised to consult first with the Subject if
banker's references are required. |
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FINANCIAL ACCOUNTS
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Required to file: |
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Source: |
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Presentation: |
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Date of accounts: |
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Type of accounts: |
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Currency: |
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Exchange rate: |
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Private Companies in Australia are not required
to file accounts unless classified as "Large", which at the moment
means that two out of the following three conditions are met: - The company has a sales turnover of over
AUD 25,000,000; - The company has total assets of over AUD
12,500,000; - The company employs 50 people or more. The Subject does not meet the criteria of
being a large proprietary company. |
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OPERATIONS & HISTORY
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Full description: |
The Subject is engaged in designing, sourcing
and supplying of cushions and napkins, from yarn and solid dyed, printed
cotton, polyester and blended fabrics. |
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Products/services: |
Throws Chair Pads Kitchen Dining Outdoor Bedding |
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Brands: |
HAPPY CHIC MEXICAN ARTISAN |
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Import: |
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PROPERTY & ASSETS
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The Subject's
head office is located at the heading address. |
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The Company also
operates from branch offices in Victoria Showroom: 69 Nicholson Street Brunswick VIC 3056 Australia Queensland: 3/32 Doggett Street Fortitude Valley QLD 4006 Australia |
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PAYMENTS
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Local: |
Credits 14-30
days |
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Imports: |
Credits 30 days
net |
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Local: |
Credits 14-30
days |
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Exports: |
Credits 30 days
net |
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As trade references were not supplied, the
Subject's payment track record history CANNOT BE ACCURATELY DETERMINED, but
payments are believed to be PROMPT. |
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INVESTIGATIVE NOTES
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Sources: |
Interviews and material provided by the Subject Other official and
local business sources |
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FOREIGN EXCHANGE RATES
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Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
Rs.63.90 |
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1 |
Rs.71.82 |
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Euro |
1 |
Rs.97.97 |
INFORMATION DETAILS
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Analysis Done by
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RAS |
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Report Prepared
by : |
TPT |
RATING EXPLANATIONS
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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 |
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41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
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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 |
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<10 |
C |
Absolute credit risk exists. Caution needed to be exercised |
Credit not
recommended |
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NB |
New Business |
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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.