|
Report No. : |
327253 |
|
Report Date : |
18.06.2015 |
IDENTIFICATION DETAILS
|
Name : |
GLOBAL FRUITS PTE
LTD |
|
|
|
|
Formerly Known As : |
YULESTON TRADING PTE LTD |
|
|
|
|
Registered Office : |
51, Goldhill Plaza, 19-08/09, 308900 |
|
|
|
|
Country : |
Singapore |
|
|
|
|
Financials (as on) : |
31.12.2013 |
|
|
|
|
Date of Incorporation : |
30/10/1999 |
|
|
|
|
Com. Reg. No.: |
199906777-C |
|
|
|
|
Legal Form : |
Exempt Private |
|
|
|
|
Line of Business : |
Trading of Fruits. |
|
|
|
|
No. of Employees : |
3 [2015] |
RATING & COMMENTS
|
MIRA’s Rating : |
Ca |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
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 |
|
Status : |
Moderate |
|
|
|
|
Payment Behaviour : |
Slow |
|
|
|
|
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 of consumer
electronics, information technology products, medical and optical devices,
pharmaceuticals, and on its vibrant transportation, business, and financial
services sectors. The economy contracted 0.6% in 2009 as a result of the global
financial crisis, but has continued to grow since 2010 on the strength of
renewed exports. Growth in 2014 was slower at 2.9%, largely a result of soft
demand for exports amid a sluggish global economy and weak growth in
Singapore’s manufacturing sector. The government is attempting to restructure
Singapore’s economy by weaning its dependence on foreign labor, addressing weak
productivity, and increasing Singaporean wages. Singapore has attracted major
investments in pharmaceuticals and medical technology production and will
continue efforts to strengthen its position as Southeast Asia's leading
financial and high-tech hub. Singapore is a member of the 12-nation
Trans-Pacific Partnership free trade negotiations, the Regional Comprehensive
Economic Partnership negotiations with the nine other ASEAN members plus
Australia, China, India, Japan, South Korea and New Zealand, and in 2015,
Singapore will form, with the other ASEAN members, the ASEAN Economic
Community.
|
Source
: CIA |
|
REGISTRATION
NO. |
: |
199906777-C |
||||
|
COMPANY
NAME |
: |
GLOBAL
FRUITS PTE LTD |
||||
|
FORMER
NAME |
: |
YULESTON
TRADING PTE LTD (06/03/2000) |
||||
|
INCORPORATION
DATE |
: |
30/10/1999 |
||||
|
COMPANY
STATUS |
: |
EXIST |
||||
|
LEGAL
FORM |
: |
EXEMPT
PRIVATE |
||||
|
LISTED
STATUS |
: |
NO |
||||
|
REGISTERED
ADDRESS |
: |
51,
GOLDHILL PLAZA, 19-08/09, 308900, SINGAPORE. |
||||
|
BUSINESS
ADDRESS |
: |
51,
GOLDHILL PLAZA, 19-08/09, 308900, SINGAPORE. |
||||
|
TEL.NO. |
: |
65-67376533 |
||||
|
FAX.NO. |
: |
65-67372775 |
||||
|
CONTACT
PERSON |
: |
HUGH
MELDRUM ( DIRECTOR ) |
||||
|
PRINCIPAL
ACTIVITY |
: |
TRADING
OF FRUITS |
||||
|
ISSUED
AND PAID UP CAPITAL |
: |
860,000.00
ORDINARY SHARE, OF A VALUE OF SGD 860,000.00 |
||||
|
SALES |
: |
SGD
22,811,053 [2013] |
||||
|
NET
WORTH |
: |
SGD
(616,910) [2013] |
||||
|
STAFF
STRENGTH |
: |
3
[2015] |
||||
|
||||||
|
LITIGATION |
: |
CLEAR |
||||
|
FINANCIAL
CONDITION |
: |
POOR |
||||
|
PAYMENT |
: |
N/A |
||||
|
MANAGEMENT
CAPABILITY |
: |
WEAK |
||||
|
COMMERCIAL
RISK |
: |
MODERATE |
||||
|
CURRENCY
EXPOSURE |
: |
MODERATE |
||||
|
GENERAL
REPUTATION |
: |
SATISFACTORY |
||||
|
INDUSTRY
OUTLOOK |
: |
AVERAGE
GROWTH |
||||
HISTORY
/ BACKGROUND
|
The Subject is an exempt private company
whose shares are not held by any corporate body and has no more than 20 shareholders
who are all natural persons. An exempt company is a type of private limited
company. 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, suing or be sued by other companies. An exempt
private company with an annual turnover of less than SGD5 million are exempted
from statutory auditing requirements. Instead of filing audited annual
accounts, the Subject has to file in a document duly signed by its director in
charge of its finance and the company secretary stating that the Subject is
able to meet all its obligations as and when they fall due. The Subject is not
required to have their accounts audited. However, the Subject will prepare
unaudited accounts for purposes of AGMs and filing with Registry Office if it
is unable to meet all its obligations as and when they fall due .
The
Subject is principally engaged in the (as a / as an) trading of fruits.
Share
Capital History
|
Date |
Issue
& Paid Up Capital |
|
15/06/2015 |
SGD
860,000.00 |
The
major shareholder(s) of the Subject are shown as follows :
|
Name |
Address |
IC/PP/Loc
No |
Shareholding |
(%) |
|
HUGH
MELDRUM + |
60,
NEWTON ROAD, 22-02, NEWTON SUITES, 307994, SINGAPORE. |
S2705438B |
860,000.00 |
100.00 |
|
--------------- |
------ |
|||
|
860,000.00 |
100.00 |
|||
|
============ |
===== |
+
Also Director
DIRECTORS
|
DIRECTOR
1
|
Name
Of Subject |
: |
HUGH
MELDRUM |
|
Address |
: |
60,
NEWTON ROAD, 22-02, NEWTON SUITES, 307994, SINGAPORE. |
|
IC
/ PP No |
: |
S2705438B |
|
Nationality |
: |
SINGAPOREAN |
|
Date
of Appointment |
: |
31/05/2003 |
|
1)
|
Name
of Subject |
: |
HUGH
MELDRUM |
|
Position |
: |
DIRECTOR |
AUDITOR
|
|
Auditor |
: |
ACUTUS
LLP |
|
Auditor'
Address |
: |
N/A |
COMPANY
SECRETARIES
|
|
1)
|
Company
Secretary |
: |
CHNG
TEOW KIM |
|
IC
/ PP No |
: |
S1213034A |
|
|
Address |
: |
17,
NOVENA TERRACE, ORIENTAL GARDEN, 307911, SINGAPORE. |
|
BANKING
|
Banking relations are maintained principally with :
|
1)
|
Name |
: |
CITIBANK
N.A. |
ENCUMBRANCE
(S)
|
|
Charge
No |
Creation
Date |
Charge
Description |
Chargee
Name |
Total
Charge |
Status |
|
C200301417 |
31/03/2003 |
N/A |
CITIBANK
N.A. |
- |
Unsatisfied |
LITIGATION
CHECK AGAINST SUBJECT
|
* A check has been conducted in our databank againt 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 Subject refused to disclose its suppliers.
CLIENTELE
|
|
Local |
: |
YES |
|||
|
Domestic
Markets |
: |
SINGAPORE |
|||
|
Overseas |
: |
YES |
|||
|
Export
Market |
: |
WORLDWIDE |
|||
|
Credit
Term |
: |
N/A |
|||
|
Payment
Mode |
: |
CASH |
|||
OPERATIONS
|
|
Goods
Traded |
: |
FRUITS |
|
|
Total
Number of Employees: |
|||||||||
|
YEAR |
2015 |
2014 |
|||||||
|
|
|||||||||
|
GROUP |
N/A |
N/A |
|||||||
|
COMPANY |
3 |
3 |
|||||||
|
Branch |
: |
NO |
Other
Information:
The Subject is principally engaged in the (as a / as an) trading of fruits.
The Subject sells fruits.
The Subject however refused to disclose further information on its operation.
CURRENT
INVESTIGATION
|
Latest
fresh investigations carried out on the Subject indicated that :
|
Telephone
Number Provided By Client |
: |
65
6737 6533 |
|
Current
Telephone Number |
: |
65-67376533 |
|
Match |
: |
YES |
|
Address
Provided by Client |
: |
51
GOLDHILL PLAZA, #19-08/09 SINGAPORE 308900 |
|
Current
Address |
: |
51,
GOLDHILL PLAZA, 19-08/09, 308900, SINGAPORE. |
|
Match |
: |
YES |
Other
Investigations
We contacted one of the staff from the Subject and she provided some
information.
HUGH MELDRUM is the Subject's Director's name.
FINANCIAL
ANALYSIS
|
|
Profitability |
||||||
|
Return
on Shareholder Funds |
: |
Unfavourable |
[ |
302.65% |
] |
|
|
Return
on Net Assets |
: |
Unfavourable |
[ |
302.95% |
] |
|
|
Although
the Subject's returns showed positive figures it is not reflective of the true
situation. The Subject incurred losses during the year and its shareholders'
funds have turned red. The positive returns on shareholders' funds is the
result of losses divided by negative shareholders' funds. The Subject's
management was inefficient in utilising the assets to generate returns. |
||||||
|
Liquidity |
||||||
|
Current
Ratio |
: |
Unfavourable |
[ |
0.83
Times |
] |
|
|
Due
to its weak liquidity position, the Subject will be faced with problems in meeting
all its short term obligations if no short term loan is obtained or
additional capital injected into the Subject. |
||||||
|
Solvency |
||||||
|
Liability
Ratio |
: |
Unfavourable |
[ |
(5.75
Times) |
] |
|
|
The
Subject has an unfavourable liabilities ratio and it may face financial
difficulties if no additional capital is injected. |
||||||
|
Overall
Assessment : |
||||||
|
The
Subject's liquidity was at an acceptable range. If the Subject is able to
obtain further short term financing, it should be able to meet all its short
term obligations. The Subject has high financial risks. If its shareholders
do not inject more capital into the company or if its business performance
does not improve, its going concern may be in question. |
||||||
|
Overall
financial condition of the Subject : POOR |
||||||
|
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) |
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
|
|
|
|
|
PROFIT
AND LOSS ACCOUNT
|
|
THE
FINANCIAL STATEMENTS WERE PREPARED IN ACCORDANCE WITH SINGAPORE FINANCIAL
REPORTING STANDARDS. |
|
GLOBAL
FRUITS PTE LTD |
|
Financial
Year End |
2013-12-31 |
|
Months |
12 |
|
Consolidated
Account |
Company |
|
Audited
Account |
YES |
|
Unqualified
Auditor's Report (Clean Opinion) |
YES |
|
Financial
Type |
SUMMARY |
|
Currency |
SGD |
|
TURNOVER |
22,811,053 |
|
---------------- |
|
|
Total
Turnover |
22,811,053 |
|
---------------- |
|
|
PROFIT/(LOSS)
FROM OPERATIONS |
(1,868,951) |
|
---------------- |
|
|
PROFIT/(LOSS)
BEFORE TAXATION |
(1,868,951) |
|
Taxation |
1,859 |
|
---------------- |
|
|
PROFIT/(LOSS)
AFTER TAXATION |
(1,867,092) |
|
---------------- |
|
|
RETAINED
PROFIT/(LOSS) BROUGHT FORWARD |
|
|
As
previously reported |
390,182 |
|
---------------- |
|
|
As
restated |
390,182 |
|
---------------- |
|
|
PROFIT
AVAILABLE FOR APPROPRIATIONS |
(1,476,910) |
|
---------------- |
|
|
RETAINED
PROFIT/(LOSS) CARRIED FORWARD |
(1,476,910) |
|
============= |
|
|
GLOBAL
FRUITS PTE LTD |
|
ASSETS
EMPLOYED: |
|
|
FIXED
ASSETS |
1,130 |
|
---------------- |
|
|
TOTAL
LONG TERM ASSETS |
1,130 |
|
TOTAL
CURRENT ASSETS |
2,926,424 |
|
---------------- |
|
|
TOTAL
ASSET |
2,927,554 |
|
============= |
|
|
TOTAL
CURRENT LIABILITIES |
3,544,464 |
|
---------------- |
|
|
NET
CURRENT ASSETS/(LIABILITIES) |
(618,040) |
|
---------------- |
|
|
TOTAL
NET ASSETS |
(616,910) |
|
============= |
|
|
SHARE
CAPITAL |
|
|
Ordinary
share capital |
860,000 |
|
---------------- |
|
|
TOTAL
SHARE CAPITAL |
860,000 |
|
Retained
profit/(loss) carried forward |
(1,476,910) |
|
---------------- |
|
|
TOTAL
RESERVES |
(1,476,910) |
|
---------------- |
|
|
SHAREHOLDERS'
FUNDS/EQUITY |
(616,910) |
|
---------------- |
|
|
(616,910) |
|
|
============= |
|
|
GLOBAL
FRUITS PTE LTD |
|
TYPES
OF FUNDS |
|
|
Net
Liquid Assets |
(618,040) |
|
Net
Current Assets/(Liabilities) |
(618,040) |
|
Net
Tangible Assets |
(616,910) |
|
Net
Monetary Assets |
(618,040) |
|
BALANCE
SHEET ITEMS |
|
|
Total
Liabilities |
3,544,464 |
|
Total
Assets |
2,927,554 |
|
Net
Assets |
(616,910) |
|
Net
Assets Backing |
(616,910) |
|
Shareholders'
Funds |
(616,910) |
|
Total
Share Capital |
860,000 |
|
Total
Reserves |
(1,476,910) |
|
LIQUIDITY
(Times) |
|
|
Current
Ratio |
0.83 |
|
SOLVENCY
RATIOS (Times) |
|
|
Liabilities
Ratio |
(5.75) |
|
Assets
Backing Ratio |
(0.72) |
|
PERFORMANCE
RATIO (%) |
|
|
Operating
Profit Margin |
(8.19) |
|
Net
Profit Margin |
(8.19) |
|
Return
On Net Assets |
302.95 |
|
Return
On Capital Employed |
302.95 |
|
Return
On Shareholders' Funds/Equity |
302.65 |
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.64.11 |
|
|
1 |
Rs.100.32 |
|
Euro |
1 |
Rs.72.17 |
INFORMATION DETAILS
|
Analysis Done by
: |
RAS |
|
|
|
|
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.