MIRA INFORM REPORT
|
Report No. : |
309523 |
|
Report Date : |
05.03.2015 |
IDENTIFICATION DETAILS
|
Name : |
RITONE JEWELRY INTERNATIONAL LIMITED |
|
|
|
|
Formerly Known as : |
Sun Moral
International Limited |
|
|
|
|
Registered Office : |
Unit 31-32, 1F, Block B, Focal Industrial Centre, 21 Man Lok St.,
Hunghom, Kowloon |
|
|
|
|
Country : |
Hong Kong |
|
|
|
|
Date of Incorporation : |
06.02.2008 |
|
|
|
|
Com. Reg. No.: |
39156763 |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
|
|
|
|
Line of Business : |
engaged in Manufacturing and sale of jewelry such as Rings, Earrings, Bracelets & Necklace |
|
|
|
|
No of Employees : |
About 50 Employees (Hong Kong Office) |
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 : |
Satisfactory |
|
Payment Behaviour : |
No Complaints |
|
Litigation : |
Exists |
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
|
Country Name |
Previous Rating (30.09.2014) |
Current Rating (31.12.2014) |
|
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% of total system
deposits in Hong Kong by the end of 2013. 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 34.9 million
in 2012, 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 2012 mainland Chinese companies constituted about 46.6% of
the firms listed on the Hong Kong Stock Exchange and accounted for about 57.4%
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%
in 2013. 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 2013, Hong
Kong and China signed new agreements under the Closer Economic Partnership
Agreement, adopted in 2003 to forge closer ties between Hong Kong and the
mainland. The new measures, effective from January 2014, cover services and
trade facilitation, and will improve access to the mainland's service sector
for Hong Kong-based companies.
|
Source : CIA |
Contact Points
|
Company Name (in Chinese): |
|
|
Company Name (in English): |
Ritone Jewelry International Limited |
|
Supplied Name: |
RITONE JEWELRY INTERNATIONAL LTD |
|
Trading Address: |
Unit 31-32, 1F, Block B, Focal Industrial Centre, 21 Man Lok St.,
Hunghom, Kowloon, Hong Kong |
|
Supplied Address: |
UNIT 31-32, 1/F, BLOCK B, FOCAL INDUSTRIAL CENTRE,21 MAN LOK HUNG
HOM,KOWLOON, HONG KONG |
Note: The exact name and address are as above.
Credit Summary
|
Credit Opinion: |
Company Identification Details
|
Registered Name: |
|
|
Registered Address: |
Unit 31-32, 1F, Block B, Focal Industrial
Centre, 21 Man Lok St., Hunghom, Kowloon, Hong Kong |
|
Telephone Number: |
+852-2363-3733 |
|
Fax Number: |
+852-2362-2226 |
|
Date of Registration: |
2008-2-6 |
|
Registered Number: |
1210144 |
|
Business Registration No.: |
39156763 |
|
Paid-up Capital: |
HKD 3,000,000 (USD 387,000) = 3,000,000 Shares@ HKD 1 (As of 2015.3, 1 HKD = 0.129 USD) |
|
Legal Form: |
Private Limited Liability Company |
|
SITC Code: |
89731--Articles of jewelry and parts
thereof, of precious metals or metals clad with precious metals (g) |
|
Principal Activities: |
engaged in
Manufacturing and sale of
jewelry such as Rings, Earrings,
Bracelets & Necklace |
|
Staff: |
About 50 Employees (Hong Kong Office) |
|
Listed at Stock Exchange: |
No |
|
Date of Last Annual Return: |
2015-2-6 |
Notes: Subject
declined to disclose the number of staff, and from other source we cannot obtain
the information, either.
History
Subject was incorporated on 2008-2-6 with the registered number 1210144 as Private Limited Liability Company in Hong Kong.
Change of Name:
|
Date |
Change |
|
2008-4-3 |
Ritone Jewelry International Limited 凱溢珠寶國際有限公司 |
|
2008-2-6 |
Sun Moral International Limited 耀忠國際有限公司 |
Corporate Structure
Factory (Mainlan of China)
|
Name: |
China Factory |
|
Address: |
No. 2, Ba St., Fuping Rd., Shiqiao Xiaoping
Industrial Park, Fanyu Dist., Guangzhou City, China |
Shareholders
|
Subscription Shares |
Proportion of Investment (%) |
|
|
Heung Pik Keung, Tony |
1,000,000 |
33.33% |
|
Knapdale Limited |
1,000,000 |
33.33% |
|
Lee Tsz Lin, Lin |
1,000,000 |
33.33% |
|
Total |
3,000,000 |
100% |
Major Shareholder Information:
|
1 |
|
|
Name: |
Heung Pik Keung, Tony |
|
Address: |
Flat E, 39F, Block 6, Royal Ascot, 1 Tsun
King Rd., Shatin, New Territories, Hong Kong |
|
2 |
|
|
Name: |
Knapdale Limited |
|
Address: |
PO Box 957, Offshore Incorporations Centre Rd.
Town, Tortola British Virgin Islands |
|
3 |
|
|
Name: |
Lee Tsz Lin, Lin |
|
Address: |
Flat AB, 46F, Tower 8, Residence Bel-Air,
Island South 28 Bel-Air Avenue, Hong Kong |
Management Information
Core Management
Detailed
Information of Directors:
|
1 |
|
|
Name: |
Ho Chi Kai, Nelson |
|
Address: |
G/F, 23A Shouson Hill Rd. West Shouson Hill,
Hong Kong |
|
Position: |
Director |
|
ID Number: |
G065342(9) |
|
2 |
|
|
Name: |
Lee Tsz Lin, Lin |
|
Address: |
Flat AB, 46F, Tower 8, Residence Bel-Air, Island
South 28 Bel-Air Avenue, Hong Kong |
|
Position: |
Director |
|
ID Number: |
G646840(2) |
|
3 |
|
|
Name: |
Boardroom Corporate Secretaries (HK) Limited
|
|
Address: |
Unit 31, 148 Electric Rd., North Point, Hong Kong |
|
Position: |
Corporate Secretary |
|
Registered Number: |
1189239 |
Operation Information
Offices &
Factories
|
|
Office |
|
Address: |
Unit 31-32, 1F, Block B, Focal Industrial
Centre, 21 Man Lok St., Hunghom, Kowloon, Hong Kong |
Premises
Information
Office address:
|
Address: |
Workshop Unit No.31 (Including The Flat
Roof) On 1st Floor Of Block B Focal Industrial Centre No.21 Man Lok Street
Kowloon |
|
Owners: |
Ritone Jewelry International Limited |
|
Memorial Number: |
08102801880034 Assignment |
|
Date of Instrument: |
2008-10-16 |
|
Date of Registration: |
2008-10-28 |
|
Consideration Value: |
HKD 13,000,000.00 (PT.) |
History of
Premises Owners’
|
1 |
|
|
Memorial No.: |
11041901040352 |
|
Date of Instrument: |
2010-11-30 |
|
Date of Registration: |
2011-4-19 |
|
Nature: |
Order No. UBZ/U27-21/0005/09 By
The Building Authority Under S. 24(1) Of The Buildings Ordinance |
|
2 |
|
|
Memorial No.: |
10011100820391 |
|
Date of Instrument: |
2009-5-25 |
|
Date of Registration: |
2010-1-11 |
|
Nature: |
Superseding Notice No. WC/TE00839/09/K-R07
Under S. 24C(1) Of The Buildings Ordinance |
|
3 |
|
|
Memorial No.: |
08102801880042 |
|
Date of Instrument: |
2008-10-16 |
|
Date of Registration: |
2008-10-28 |
|
Nature: |
Mortgage |
|
In Favor of: |
The Hongkong And Shanghai Banking
Corporation Limited |
|
Consideration: |
To Secure All Moneys In Respect
Of General Banking Facilities (PT.) |
Note: PT. means of part of.
Production
Information
l Subject is engaged in manufacturing of jewelry
l It is introduced that subject has a factory in Guangzhou City of the
Mainland of China.
Purchase
Information
l The raw materials of the subject for production are both purchased at
home and abroad.
Sales Information
l Subject is engaged in sale of jewelry
l The major products of the subject are rings, earrings, bracelets &
necklace
l The major sales regions of the subject are domestic market, North
America, Canada, UK, Australia
l The major customers of the subject are manufacturers of jewelry and
jewelry shops
Settlements
Purchase
1.
Domestic Purchase
|
Products |
Raw materials |
|
Payment Terms |
T/T, Cash |
2.
Import
|
Products |
Raw materials |
|
Payment Terms |
L/C, T/T |
1.
Domestic Markets
|
Product |
Jewelry |
|
Selling Terms |
T/T, Cash |
2.
Export
|
Product |
Jewelry |
|
Selling Terms |
L/C, T/T |
Financial Information
The subject has no obligation to supply its financial statement to the third party according to the relevant policy in Hong Kong and the only source from which we can obtain the information is the subject itself.
Subject’s relevant staff rejected to disclose the financial information; from other sources we could not obtain such information, either.
Bankers
Subject declined to disclose its bank details; from other source we could not obtain the relevant information, either.
Public
|
Date: |
2015-1-24 |
|
Court Name: |
High Court Civil Action |
|
Court No.: |
195 |
|
Claimant: |
HEUNG PIK KEUNG TONY c/o Tung, Ng, Tse & Heung (a firm) (HCA) |
|
Defendant: |
LEE TSZ LIN LIN also known as RICKY LEE (D1) KNAPDALE LTD (D2) HO CHI KAI NELSON (D3) RITONE JEWELRY INTERNATIONAL LTD (D4) c/o Flat AB, 46/F, Tower 8, Residence Bel-Air, Island South, 28 Bel-Air Avenue, HK (D1) c/o P.O. Box 957, Offshore Incorporations Centre, Road Town, Tortola,
British Virgin Islands (D2) c/o G/F, 23A Shouson Hill Road West, Shouson Hill, HK (D3) c/o Units 31-32, 1/F, Block B, Focal Industrial
Centre, 21 Man Lok Street, Hung Hom, Kln, HK (D4) |
|
Reason: |
Contract |
|
Amount(HKD): |
663,717.35 20,000.00 30,000.00 |
|
2 |
|
|
Date: |
2011-1-6 |
|
Court Name: |
Small Claim Tribunal |
|
Court No.: |
053221/10 |
|
Claimant: |
Ritone Jewelry International Ltd |
|
Defendant: |
Wong Kim Fung Fred |
|
Reason: |
Miscellaneous |
|
Amount(HKD): |
-- |
Mortgage Record
|
1 |
|
|
Company Name: |
Ritone Jewelry International Limited (the
“Company”) |
|
Instrument of Creating Mortgage: |
Mortgage |
|
Date of Creating Mortgage: |
2008-11-4 |
|
Amount Secured: |
To secure all sums from time to time
advanced by the Lender (as hereinafter defined) to the Company whether alone
or jointly with any person and outstanding in respect of general banking
facilities and all interest thereon and all other moneys and obligations in
respect of moneys which the Company covenants to pay to the Lender under the
provisions of Clause 2 of the Mortgage or otherwise under the terms of the
Mortgage (Secured Indebtedness"). |
|
Name of Mortgagee: |
The Hong Kong and Shanghai Banking
Corporation Limited (“the Lender”) |
|
Address of Mortgagee: |
No. 1 Queen’s Rd. Central, Hong Kong |
|
Description of Property Mortgaged: |
All Those 24/3,371st parts or shares of and
in Section C of Kowloon Marine Lot No, 113 (Workshop Units Nos.29 and 30
(including the Flat Roof(s) appurtenant thereto) on the 1st Floor of Block B
of Focal Industrial Centre, No.21 Man Lok Street, Kowloon, Hong Kong) |
|
2 |
|
|
Company Name: |
Ritone Jewelry International Limited (the
“Company”) |
|
Instrument of Creating Mortgage: |
Mortgage |
|
Date of Creating Mortgage: |
2008-12-5 |
|
Amount Secured: |
To secure all sums from time to time advanced
by the Lender (as hereinafter defined) to the Company whether alone or
jointly with any person and outstanding in respect of general banking
facilities and all interest thereon and all other moneys and obligations in
respect of moneys which the Company covenants to pay to the Lender under the
provisions of Clause 2 of the Mortgage or otherwise under the terms of the
Mortgagee' Secured Indebtedness”). |
|
Name of Mortgagee: |
The Hong Kong and Shanghai Banking
Corporation Limited (“the Lender”) |
|
Address of Mortgagee: |
No. 1 Queen’s Rd. Central, Hong Kong |
|
Description of Property Mortgaged: |
All Those 2/3,371st parts or shares of and
in Section C of Kowloon Marine Lot No. 113 (Car Parking Spaces Nos.P29 and P41
on the Ground Floor of Focal Industrial Centre, No.21 Man Lok Street,
Kowloon, Hong Kong) |
|
3 |
|
|
Company Name: |
Ritone Jewelry International Limited (the
“Company”) |
|
Instrument of Creating Mortgage: |
Mortgage |
|
Date of Creating Mortgage: |
2008-10-16 |
|
Amount Secured: |
To secure all sums from time to time
advanced by the Lender (as hereinafter defined) to the Company whether alone
or jointly with any person and outstanding in respect of general banking
facilities and all interest thereon and all other moneys and obligations in
respect of moneys which the Company covenants to pay to the Lender under the
provisions of Clause 2 of the Mortgage or otherwise under the terms of the
Mortgage(" Secured Indebtedness”) |
|
Name of Mortgagee: |
The Hong Kong and Shanghai Banking
Corporation Limited (“the Lender”) |
|
Address of Mortgagee: |
No. 1 Queen’s Rd. Central, Hong Kong |
|
Description of Property Mortgaged: |
All Those 2/3,371st parts or shares of and in
Section C of Kowloon Marine Lot No. 113 (Car Parking Spaces Nos.P29 and P41
on the Ground Floor of Focal Industrial Centre, No.21 Man Lok Street,
Kowloon, Hong Kong) |
|
4 |
|
|
Company Name: |
Ritone Jewelry International Limited (the
“Company”) |
|
Instrument of Creating Mortgage: |
Security Over Deposits with the Bank
(Limited Company-Under Scal) |
|
Date of Creating Mortgage: |
2008-8-27 |
|
Amount Secured: |
Amount secured - (i) all monies in any currency
owing by the Company to the chargee at any time, actually or contingently, in
any capacity, alone or jointly with any other person, (ii) interest on such
monies (both before and after any demand or judgment), to the date on which
the chargee receives payment, at the rates payable by the Company or which
would have been payable but for any circumstance which restricts payment and
(iii) all expenses of the chargee in perfecting or enforcing the charge. |
|
Name of Mortgagee: |
The Hong Kong and Shanghai Banking
Corporation Limited (“the Lender”) |
|
Address of Mortgagee: |
No. 1 Queen’s Rd. Central, Hong Kong |
|
Description of Property Mortgaged: |
All monies for the time being standing to
the credit of the deposit account number 808-183305 together with any further
sum(s) hereafter standing to the credit of any deposit A/C with the Bank. |
Special Note
Interview
Details
|
Name |
Ms. Nicole |
|
Department: |
Sales Department |
Industry Information
89731--Articles of jewellery and parts thereof, of precious metals or metals clad with precious metals (g)
Unit: HKD/000
|
|
2014.05 |
2014.01~2014.05 |
||
|
|
Quantity |
Value |
Quantity |
Value |
|
Imports |
||||
|
United Arab Emirates |
360,811 |
286,593 |
1,910,636 |
2,509,526 |
|
3,452 |
187 |
14,139 |
4,212 |
|
|
Australia |
28,455 |
20,576 |
193,679 |
76,769 |
|
Belgium |
5,306 |
2,991 |
18,285 |
12,571 |
|
The Mainland of China |
15,416,663 |
2,786,822 |
80,725,040 |
14,919,295 |
|
Exports |
||||
|
United Arab Emirates |
34,144 |
20,993 |
266,704 |
182,114 |
|
895 |
1,895 |
2,797 |
5,247 |
|
|
Australia |
15,794 |
11,843 |
141,972 |
57,892 |
|
Belgium |
1,028 |
1,273 |
19,070 |
8,044 |
|
The Mainland of China |
286,047 |
25,826 |
1,126,839 |
117,609 |
External Trade
Information:
External Merchandise Trade Aggregate Figures
Unit: HKD/ Million
|
|
Imports |
Domestic Exports |
Re-exports |
Total exports |
Year-on-year % change of Total exports |
Merchandise trade balance |
|
2011 |
3,764,596 |
65,662 |
3,271,592 |
3,337,253 |
+10.1 |
-427,343 |
|
2012 |
3,912,163 |
58,830 |
3,375,516 |
3,434,346 |
+2.9 |
-477,817 |
|
2013 |
4,060,717 |
54,364 |
3,505,322 |
3,559,686 |
+3.6 |
-501,031 |
|
2013.03 |
340,857 |
5,073 |
286,638 |
291,711 |
+11.2 |
-49,146 |
|
2013.04 |
332,963 |
4,503 |
285,763 |
290,267 |
+9.0 |
-42,696 |
|
2013.05 |
335,809 |
4,818 |
286,724 |
291,542 |
-1.0 |
-44,267 |
|
2013.06 |
327,309 |
4,476 |
273,161 |
277,637 |
-0.2 |
-49,673 |
|
2013.07 |
342,565 |
4,783 |
300,630 |
305,413 |
+10.6 |
-37,152 |
|
2013.08 |
347,059 |
4,932 |
302,558 |
307,490 |
-1.3 |
-39,570 |
|
2013.09 |
359,841 |
4,395 |
313,436 |
317,830 |
+1.5 |
-42,010 |
|
2013.10 |
361,196 |
4,458 |
318,686 |
323,144 |
+8.8 |
-38,052 |
|
2013.11 |
370,104 |
4,587 |
320,935 |
325,522 |
+5.8 |
-44,581 |
|
2013.12 |
365,228 |
4,596 |
306,281 |
310,877 |
0.0 |
-54,351 |
|
2014.01 |
323,436 |
4,299 |
299,157 |
303,456 |
-0.4 |
-19,979 |
|
2014.02 |
266,587 |
3,276 |
209,638 |
212,914 |
-1.3 |
-53,673 |
|
2014.03 |
351,889 |
5,120 |
296,403 |
301,523 |
+3.4 |
-50,365 |
|
2014.04 |
340,972 |
4,867 |
280,816 |
285,682 |
-1.6 |
-55,290 |
|
2014.05 |
348,323 |
5,299 |
300,673 |
305,973 |
+4.9 |
-42,350 |
|
2014.06 |
352,316 |
4,802 |
304,409 |
309,211 |
+11.4 |
-43,105 |
*Total exports figures
have been rounded to the nearest final digit after summing up the constituent
trade figures.
Attachment
Address: Unit 31-32, 1F, Block B, Focal Industrial Centre, 21 Man Lok St., Hunghom, Kowloon, Hong Kong
Block B, Focal Industrial Centre, 21 Man Lok St., Hunghom, Kowloon, Hong Kong
Unit 31-32, 1F, Block B, Focal Industrial Centre, 21 Man Lok
St., Hunghom, Kowloon, Hong Kong
Unit 31-32, 1F,
Block B, Focal Industrial Centre, 21 Man Lok St., Hunghom, Kowloon, Hong Kong
DIAMOND INDUSTRY – INDIA
-
From time immemorial, India is well known in the world
as the birthplace for diamonds. It is difficult to trace the origin of
diamonds but history says that in the remote past, diamonds were mined only in
India. Diamond production in India can be traced back to almost 8th
Century B.C. India, in fact, remained undisputed leader till 18th
Century when Brazilian fields were discovered in 1725 followed by emergence of
S. Africa, Russia and Australia.
-
The achievement of the Indian diamond industry was
possible only due to combination of the manufacturing skills of the Indian
workforce and the untiring and unflagging efforts of the Indian diamantaires,
supported by progressive Government policies.
-
The area of study of family owned diamond businesses
derives its importance from the huge conglomerate of family run organizations
which operate in the diamond industry since many generations.
-
Some of the basic traits of family run business
enterprises include spirit of entrepreneurship, mutual trust lowers transaction
costs, small, nimble and quick to react, information as a source of advantage
and philanthropy.
-
Family owned diamond businesses need to improve on
many fronts including higher standard of corporate governance, long-term
performance – focused strategies, modern management and technology.
-
Utmost caution is to be exercised while dealing with
some medium and large diamond traders which are usually engaged in fictitious
import – export, inter-company transactions, financially assisted by banks. In
the process, several public sector banks lost several hundred million rupees.
They mostly diverted borrowed money for diamond business into real estate and
capital markets.
-
Excerpts from Times of India dated 30th
October 2010 is as under –
-
Gem & Jewellery Export Promotion Council in its
statistical data has shown the export of polished diamonds to have increase by
28 % in February 2013. Compared to $ 1.4 bn worth of polished diamond export in
February, 2012, India exported $ 1.84 billion worth of polished diamonds in
February 2013. A senior executive of GJEPC said, “Export of cut and polished
diamonds started falling month-wise after the imposition of 2 % of import duty
on the polished diamonds. But February, 2013 has given a new ray of hope to the
industry as the export of polished diamonds has actually increased by 28 %. It
means the industry is on the track of recovery and round tripping of
diamonds has stopped completely.” Demand has started coming from the US, the
UK, Japan and China. India’s polished diamond export is expected to cross $ 21
bn in 2013-14.
-
The banking sector has started exercising restraint
while following prudent risk management norms when lending money to gems and
jewellery sector. This follows the implementation of Basel III accord – a
global voluntary regulatory standard on bank capital adequacy, stress testing
and market liquidity.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.61.85 |
|
UK Pound |
1 |
Rs.94.96 |
|
Euro |
1 |
Rs.69.10 |
INFORMATION DETAILS
|
Analysis Done by
: |
SUB |
|
|
|
|
Report Prepared
by : |
MNL |
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.