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Report No. : |
320662 |
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Report Date : |
06.05.2015 |
IDENTIFICATION DETAILS
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Name : |
MICRON MEMORY TAIWAN CO., LTD. |
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Registered Office : |
No.429-1, Sanfong Rd., Houli Dist., Taichung City 421 |
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Country : |
Taiwan |
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Date of Incorporation : |
10.11.2006 |
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Com. Reg. No.: |
28518076 |
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Legal Form : |
Joint Stock Company |
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Line of Business : |
Manufacturing and sale of semiconductor |
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No of Employees : |
Not Available |
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 – December 31, 2014
|
Country Name |
Previous Rating (30.09.2014) |
Current Rating (31.12.2014) |
|
Taiwan |
A2 |
A1 |
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Risk Category |
ECGC
Classification |
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Insignificant |
A1 |
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Low Risk |
A2 |
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Moderate Low Risk |
B1 |
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Moderate Risk |
B2 |
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Moderate High Risk |
C1 |
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High Risk |
C2 |
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Very High Risk |
D |
TAIWAN ECONOMIC OVERVIEW
Taiwan has a dynamic capitalist economy with gradually decreasing government guidance of investment and foreign trade. Exports, led by electronics, machinery, and petrochemicals have provided the primary impetus for economic development. This heavy dependence on exports exposes the economy to fluctuations in world demand. Taiwan's diplomatic isolation, low birth rate, and rapidly aging population are other major long-term challenges. Free trade agreements have proliferated in East Asia over the past several years, and following the landmark Economic Cooperation Framework Agreement (ECFA) signed with China in June 2010, Taiwan in July 2013 signed a free trade deal with New Zealand—Taipei’s first-ever with a country with which it does not maintain diplomatic relations—and in November inked a trade pact with Singapore. However, negotiations on follow-on components of ECFA, including an agreement on trade in services, deals on trade in goods, and dispute resolution—have stalled. In early 2014, the government bowed to public demand for a new law governing the oversight of cross-Strait agreements, before any additional deals with China are implemented; the legislature has yet to vote on such legislation, leaving the future of ECFA up in the air as President MA enters his final full year in office. MA has portrayed ECFA as Taiwan’s key to greater participation in East Asia’s free trade networks. Taiwan's Total Fertility rate of just over one child per woman is among the lowest in the world, raising the prospect of future labor shortages, falling domestic demand, and declining tax revenues. Taiwan's population is aging quickly, with the number of people over 65 expected to account for 20% of the island's total population by 2025. The island runs a trade surplus, largely because of its surplus with China, and its foreign reserves are the world's fourth largest, behind those of China, Japan, and Russia. In 2006 China overtook the US to become Taiwan's second-largest source of imports after Japan. China is also the island's number one destination for foreign direct investment. Taiwan since 2009 has gradually loosened rules governing Chinese investment on the island, and has also secured greater market access for its investors in the mainland. In August 2012, the Taiwan Central Bank signed a memorandum of understanding on cross-Strait currency settlement with its Chinese counterpart. The MOU allows for the direct settlement of Chinese RMB and the New Taiwan dollar across the Strait, which has helped Taiwan develop into a local RMB hub. Closer economic links with the mainland bring greater opportunities for the Taiwan economy, but also pose new challenges as the island becomes more economically dependent on China at a time when political differences remain unresolved. During 2014, the press paid increasing attention to domestic economic issues while pushing aside the debates over trade liberalization that were a hallmark of MA’s tenure. The media focused on the divide between Taiwan’s “haves” and “have nots,” providing extensive coverage of public frustration with stagnant wages, skyrocketing housing prices, and the difficulty of finding entry-level jobs.
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Source
: CIA |
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Company Name: |
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Supplied Name: |
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Trading Address: |
No.429-1, Sanfong
Rd., Houli Dist., Taichung City 421, Taiwan |
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Supplied Address: |
No. 429-1, Sanfong Rd, Houli Townsip
Taichung, Taiwan Postal Code 42152 |
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Telephone Number: |
Note: The complete name and address are as above.
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Credit Opinion: |
Note: Subject declined to disclose its staff number,
and from other source we can’t obtain the information, either.
Subject was incorporated on 2006-11-10 with registered number 28518076 as Joint Stock Company in Taiwan.
Change of Name
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Former Chinese Name: |
瑞晶電子股份有限公司 |
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Current Chinese Name: |
臺灣美光記憶體股份有限公司 |
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Former English Name: |
Rexchip Electronics Corporation |
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Current English Name: |
Micron Memory Taiwan Co., Ltd. |
Factory
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Address: |
No. 500, Jiujia Road and No.429-1, Sanfong
Rd., Houli Dist., Taichung City 421, Taiwan |
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Date of Registration: |
2007-3-26 |
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Factory Registration Number: |
93A00095 |
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Factory Manager: |
Zhengkun Chen |
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Status: |
In Production |
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Date of Last Annual Return: |
2015-4-22 |
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Major Products: |
261 semiconductor |
Major Related Company
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1 |
|
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Name: |
Inotera Memories Inc. |
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Address: |
Hwa-Ya Technology Park 667, Fuhsing 3 rd Road, Kueishan Taoyuan 243
Taiwan |
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Tel: |
+886-3-327-2988 |
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2 |
|
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Name: |
Micron Semiconductor Co., Ltd. |
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Address: |
The Millennia Tower C Level Plaza No. 1 & 2 Murphy Road Ulsoor
560008 India |
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Tel: |
+91-80-41471808 |
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3 |
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Name: |
Micron Technology, Inc. |
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Address: |
8000 South Federal Way Post Office Box 6 Boise 83707-0006 USA |
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Tel: |
+208-368-4000 |
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4 |
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Name: |
Micron Semiconductor (Shanghai) Co., Ltd. |
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Address: |
Caohejing Modern Service Complex Building A2, No. 1528 Gu Mei Road
Shanghai 200233 China (PRC) |
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Tel: |
+86-21-61033366 |
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5 |
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Name: |
Micron Japan, Ltd |
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Address: |
Nissay Aroma Spuare 10F 5-37-1 Kamata Ota-ku Tokyo 144-8721 Japan |
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Tel: |
+81-3-5439-3600 |
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6 |
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Name: |
Micron Semiconductor (Deutschland) GmbH |
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Address: |
Carl-Zeiss-Ring 21 Ismaning D-85737 Germany |
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Tel: |
+49 (0) 89 904872-0 |
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7 |
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Name: |
Micron Technology Inc |
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Address: |
Tanjung Agas Industrial Area PO Box 62 Muar 84000 Malaysia |
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Tel: |
+6 06 9562600 |
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8 |
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Name: |
Micron Semiconductor Italia S.R.L. |
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Address: |
Via Remo de Feo 1 Arzano Napoli 80022 Italy |
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Tel: |
+39-081-7104040 |
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9 |
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Name: |
Micron Semiconductor France SAS |
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Address: |
Miniparc Le Verger - Bat G 1 Rue De Terre Neuve Les Ulis 91940, France |
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Tel: |
+33 1 70 91 29 50 |
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10 |
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Name: |
Micron Europe Ltd |
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Address: |
Site #868 MEL L'Avenir Opladen Way Bracknell RG12 0PH UK |
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Tel: |
+44 (0)1344 383400 |
Office
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Name: |
Taipei Office |
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Address: |
Suite 2508, 25th Floor 333 Keelung Road, Sec 1 Taipei 110 Taiwan |
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Tel: |
+886-2-2757-6622 |
Major Shareholders
|
Name |
Subscription Shares |
|
Micron Memory Japan ,Inc |
1,904,307,194 |
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Micron Semiconductor B.V. |
1,026,477,564 |
Core Management
Directors
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1 |
||
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Name |
Zhengkun Chen |
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Position |
Director & Manager |
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Date of Manager Appointment |
2007-3-1 |
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2 |
||
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Name |
Jialong Muxia |
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Position |
Director |
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3 |
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Name |
Wayne Russell Allan |
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Position |
Director |
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4 |
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Name |
Kai Strohbecke |
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Position |
Director |
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5 |
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Name |
Stephen Ray Drake |
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Position |
Director |
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6 |
||
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Name |
Mark John Heil |
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Position |
Supervisor |
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Offices & Factories
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Headquarters |
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Add |
No.429-1, Sanfong Rd., Houli Dist., Taichung City 421, Taiwan |
Production Information
l
Subject is engaged in manufacturing of
semiconductor, etc.
l
Subject has a factory in Taichung City, Taiwan for
production.
Purchase Information
l
The registered activities of subject:
|
Business Code |
Details |
|
CC01080 |
Manufacturing of electronic components (Dynamic Random Access Memory
and foundry) |
|
F401010 |
International
trade business (Engaged in related to the business mentioned products as above) |
l
The components and raw material for production are
purchased from both home and abroad, such as Taiwan domestic market, Mainland
China, Japan and USA, etc.
l Subject is engaged
in sale of semiconductor, etc.
l
The major products sold by the subject are dynamic random access memory and dynamic random access memory modules
so on.
l
It is introduced that subject’s Taipei office is
mainly in charge of sale business and we should contact +886-2-2757-6622 if we
have orders.
l
Subject’s products are mainly applied in computers,
electronic products, network device and so on.
l
Subject’s sales regions include Asia, India, Europe
and USA, etc.
Major Products
|
Types |
Products |
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Dynamic Random Access Memory (DRAM) |
DDR4 SDRAM, DDR3 SDRAM, DDR2 SDRAM, DDR SDRAM,
SDRAM, GDDR5, RLDRAM Memory, Mobile LPDRAM, PSRAM CellularRAM |
|
Dynamic Random Access Memory Modules (DRAM
Modules) |
FBDIMM, RDIMM, VLP RDIMM, VLP UDIMM, UDIMM, SODIMM,
SORDIMM, VLP Mini-DIMM, LRDIMM, Mini-DIMM, NVDIMM |
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NAND Flash |
SLC NAND, MLC NAND, TLC NAND, Serial NAND |
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Managed NAND |
e·MMC, Embedded USB |
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NOR Flash |
Parallel NOR Flash, Serial NOR Flash,
Security Overviewo |
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Hybrid Memory Cube |
Short-Reach HMC |
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Multichip Packages |
NAND-Based MCP, NOR-Based MCP |
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(Solid State Drives) SSDs by Interface |
SATA SSDs, SAS SSDs, PCIe SSDs |
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(Solid State Drives) SSDs by Application |
Client SSD Storage, Enterprise SSD Storage |
Import and export right:
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Import right |
Yes |
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Export right |
Yes |
Purchase
1.
Domestic Purchase
|
Products |
Raw material, etc. |
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Payment Terms |
T/T, Cash, etc. |
2.
Import
|
Products |
Raw material, etc. |
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Payment Terms |
L/C, T/T, etc. |
Sales
1.
Domestic Markets
|
Product |
Semiconductor, etc. |
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Selling Terms |
T/T, Cash, etc. |
2.
Export
|
Product |
Semiconductor, etc. |
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Selling Terms |
L/C, T/T, etc. |
Subject has no obligations to disclose its financial statements to the third party according to the relevant policy in Taiwan and the only source from which we can obtain the information is the subject itself.
Subject’s relevant staff declined to disclose its financials citing the grounds of company’s confidentiality; from other sources we could not obtain such information, either.
Subject declined to disclose its bank details; from other source we could not obtain the relevant information, either.
Mortgage
No chattel
mortgage record of subject has been found within the recent 3 months.
Lawsuit
Up to date of
reporting, no existing or latent litigation of the subject has been found.
Interview Details
|
Name |
Ms. Yang |
|
Department |
Sales Department |
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs. 63.51 |
|
|
1 |
Rs. 95.95 |
|
Euro |
1 |
Rs. 70.53 |
INFORMATION DETAILS
|
Analysis Done by
: |
DIV |
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|
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Report Prepared
by : |
DPT |
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 |
|
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 |
|
-- |
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.