MIRA INFORM REPORT

 

 

Report No. :

349687

Report Date :

18.11.2015

 

IDENTIFICATION DETAILS

 

Name :

YKK HONG KONG LIMITED

 

 

Registered Office :

3/F-12/F, 14/F & 18/F. Phase Ii, 2 San Lik And 4/F, 7f-12/F, Phase Iii, Ykk Building, 7 San Ping Circult, Tuen Mun, New Territories

 

 

Country :

Hong Kong

 

 

Date of Incorporation :

19.11.1991

 

 

Com. Reg. No.:

334147

 

 

Legal Form :

Private Limited Liability Company

 

 

Line of Business :

Manufacturing and sales of garment accessories.

 

 

No. of Employee :

Not Available

 

 

RATING & COMMENTS

 

MIRA’s Rating :

B

 

RATING

STATUS

PROPOSED CREDIT LINE

26-40

B

Capability to overcome financial difficulties seems comparatively below average.

Small

 

Status :

Moderate

 

 

Payment Behaviour :

Unknown

 

 

Litigation :

Exist

 

 

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)

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 12.5% of total system deposits in Hong Kong by the end of 2014. 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 47.3 million in 2014, 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 2014 mainland Chinese companies constituted about 50% of the firms listed on the Hong Kong Stock Exchange and accounted for about 60.1% 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 4.4% in 2014. 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 2014, Hong Kong and China signed a new agreement on achieving basic liberalization of trade in services in Guangdong Province under the Closer Economic Partnership Agreement, adopted in 2003 to forge closer ties between Hong Kong and the mainland. The new measures, effective from March 2015, cover a negative list and a most-favored treatment provision, and will improve access to the mainland's service sector for Hong Kong-based companies.

 

Source : CIA

 

Contact Points

 

Company Name (in English):

YKK Hong Kong Limited

Supplied Name:

YKK HONG KONG LTD

Trading Address:

14th Floor, Tower 2, Silvercord, 30 Canton Road, Tsimshatsui, Kowloon, Hong Kong

Supplied Address:

14/FLOOR, TOWER 2, SILVERCORD, 30 CANTON ROAD, TSIMSHA TSUL, KOWLOON, HONGKONG

Note: The exact name and address are as above.

 

 

Company Identification Details

 

Registered Name:

YKK Hong Kong Limited

Registered Address:

3/F-12/F, 14/F & 18/F. Phase Ii, 2 San Lik And 4/F, 7f-12/F, Phase Iii, Ykk Building, 7 San Ping Circult, Tuen Mun, New Territories, Hong Kong

Telephone Number:

+852-2378-8300

Fax Number:

+852-2375-6088

Date of Registration:

1991-11-19

Registered Number:

334147

Business Registration No.:

60564319

Paid-up Capital:

HKD 10,900,200 (USD 1,406,125.8) = 109,002  Shares@ HKD 100

(As of 2015.11, 1 HKD = 0.129 USD)

Legal Form:

Private Limited Liability Company

SITC Code:

84619--Other clothing accessories and parts, not for babies, not knitted or crocheted (kg)

Principal Activities:

Manufacturing and sales of garment accessories and etc.

Staff:

N/A

Listed at Stock Exchange:

No

Date of Last Annual Return:

2014-11-19

Notes: Subject declined to disclose its staff number; from other source we cannot obtain the relevant information, either.

 

 

History

 

Subject was incorporated on 1991-11-19 with the registered number 334147 as Private Limited Liability Company in Hong Kong.

 

Change of Name:

Date

Change

1995-2-23

YKK Hong Kong Limited

YKK香港有限公司

1992-1-3

YKK Hong Kong Limited

吉田香港有限公司

1991-11-19

YKK Hong Kong Limited

 

 

Corporate Structure

 

Parent Company

Name:

Ykk Corporation

Address:

1 Kanda Izumi-Cho, Chiyoda-Ku, Tokyo China

 

Factory

Address:

14th Floor, Phase 2, Ykk Building,

2 San Lik Street, Tuen Mun,

N.T., Hong Kong

Tel:

+852 2461 0900

Fax:

+852 2456 3428

 

Retail Shop

Address:

440-442, Kwun Tong Road,

G/F., Kwun Tong Industrial Center,

Blk. 4, Block C&D, Kwun Tong,

Kowloon, Hong Kong.

Tel:

+852 2344 0918/2779 0161

Fax:

+852 2343 5643/2788 1020

 

Major Related Companies

YKK SNAP FASTENERS JAPAN CO., LTD.

YKK (KOREA) CO., LTD.

SHANGHAI YKK ZIPPER CO., LTD

YKK SNAP FASTENERS WUXI CO., LTD.

DALIAN YKK ZIPPER CO., LTD.

YKK ZIPPER (SHENZHEN) CO., LTD.

YKK SNAP FASTERNERS ASIA LTD.

YKK MACAU LTD.

YKK TAIWAN CO., LTD.

YKK (MALAYSIA) SDN BHD

YKK AP FACADE HONG KONG LTD.

Note: The subject’s group has many members covering all over the world, we offered the above members as subject’s related companies for references.

 

 

Shareholders

 

Name

Subscription Shares

Proportion of Investment (%)

Ykk Corporation

109,002

100%

Total

109,002

100%

 

Major Shareholder Information:

Name:

Ykk Corporation

Address:

1 Kanda Izumi-Cho, Chiyoda-Ku, Tokyo China

 

 

Management Information

 

Core Management

 

Detailed Information of Directors:

1

Name:

Nagasaki Sakato

Address:

7th Floor, HSBC Tower 1000 Lujiazui Ring Road Pudong New Area, Shanghai, 200120, China

Position:

Director

Passport Number:

TZ0823352

Issuing Country:

Japan

Date of Appointment:

2015-3-20

2

Name:

Nukanishi Tsukasa

Address:

Flat A, 8/F, Mantin Court, 6 Homantin Hill Road, Homantin, Kowloon, Hong Kong

Position:

Director

ID Number:

M425041(4)

Date of Appointment:

2015-2-10

3

Name:

Kishizaki Makoto

Address:

Flat B, 4/F, Lockoo Garden 6 Cornwall Street, Kowloon, Hong Kong

Position:

Director

Passport Number:

MT0619580

Issuing Country:

Japan

4

Name:

Tricor Firmley Limited

Address:

Level 54, Hopewell Centre, 183 Queen’S Road East, Hong Kong

Position:

Corporate Secretary

Registered Number:

215295

 

Former Directors:

1

Name:

Inoue Takashi

Address:

7th Floor, HSBC Tower 1000 Lujiazui Ring Road Pudong New Area, Shanghai, 200120, China

Position:

Director

Passport Number:

TG1471275

Issuing Country:

Japan

Date of Resignation:

2015-3-20

2

Name:

Sato Yasuhiro

Address:

Flat D, 9/F, Fairyland Garden 8 Broadeast Drive, Kowloon, Hong Kong

Position:

Director

ID Number:

M082100(5)

Date of Resignation

2015-2-10

 

 

Operation Information

 

Offices & Factories

 

 

Office

Address:

14th Floor, Tower 2, Silvercord, 30 Canton Road, Tsimshatsui, Kowloon, Hong Kong

 

Premises Information

 

Office address:

Address:

(* For Permises See Property

Remarks) Silvercord

No.30 Canton Road

Kowloon

Owners:

Ykk Hong Kong Limited

Memorial Number:

UB5699864

Date of Instrument:

1993-5-21

Date of Registration:

1993-7-7

Consideration Value:

(PT.)

Note: (PT.) means “part of”.

 

Production Information

 

The subject is a manufacturer of the garment accessories

It is introduced that subject has a factory in Hong Kong for production. It is introduced that subject’s related companies has factories in Japan, the mainland of China, Southeast Asia

It is introduced that subject has obtained ISO 9001, ISO14001, ISO18001

 

Purchase Information

 

It is introduced that subject purchases its raw materials and etc both at home and abroad.

 

 

Sales Information

 

The subject is mainly engaged in sales of garment accessories

Subject’s major products include Zipper & Slider, Plastic parts, Hook & Loop, Buttons

Subject’s main selling territory includes Asia, Europe, America

Subject’s major customers are manufacturers or designers of garment, bags

From the public files, we found some information about subject’s agent as following:

 

Authorized Agent

Name:

Hung Cheong Imp. & Exp. Co., Ltd.

Address:

10/F., Winbase Centre, 208-220 Queen's Raod, Central, Hong Kong

Tel

+852 27420161

Fax

+852 27860243

E-mail

info@hungcheongco.com.hk

 

 

Settlements

 

Purchase

 

Domestic Purchase

Products

Raw materials

Payment Terms

Cash, T/T

 

Import

Products

Raw materials

Payment Terms

L/C, T/T

 

Sales

 

Domestic Markets

Product

Garment accessories

Selling Terms

Cash, T/T

 

Export

Product

Garment accessories

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 Mr. Wong 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

 

Civil Litigation

 

Date

Court Name

Court No.

Claimant/Applicant

Answering/Respondent

Nature

Amount

2015-8-18

District Court ECC

1702

OR KWONG WA 

c/o 

Messrs. Kenneth W. Leung & Co 

c/o 

Kenneth W. Leung & Co 

(a firm) 

(DCEC) 

(Applicant)

YKK HONG KONG LTD 

c/o 

3/F-12/F, 14/F, 16/F & 18/F, Phase II, 2 San Lik Street, NT

(2) 4/F, 7/F-12/F & 12/F & 18/F, Phase III

YKK Building, 

7 San Ping Circuit, 

Tuen Mun, NT 

Employees' Compensation Case 

(Respondent)

　

2014-11-25

High Court Civil Action

2386

Ykk Hong Kong Ltd

c/o  

Wong Poon Chan Law & Co 

(a firm) 

(HCA)

Capable Logistics International Ltd 

c/o 

Flat B, 20/F, Phase III, YKK Building, No.7 San Ping Circuit, Tuen Mun, NT, HK 

Landlord and tenant 

　

2014-6-11

High Court Civil Action

1034

Ykk Hong Kong Ltd 

c/o 

Wong Poon Chan Law & Co 

(a firm) 

(HCA)

Capable Logistics International Ltd 

Flat B, 20/F, Phase III, YKK Building, No.7 San Ping Circuit, Tuen Mun, NT, HK 

Landlord and tenant 

HKD 461,226.60

2014-4-9

District Court Personal Injury Case

791

Lau Lai Ping

c/o

Room J, 21/F, Affluence Garden Felicitous House Tuen Mun, NT

c/o

Kenneth W. Leung & Co

(a firm)

(DCPI)

YKK Hong Kong Ltd

c/o

3/F-12/F, 14/F, 16/F & 18/F, Phase II, 2 San Lik Street and 4/F, 7/F-12/F & 18/F, Phase III, YKK Building, 7 San Ping Circuit, Tuen Mun, NT

Damages

　

2014-1-6

Magistrates' Courts

TMS5800

TMS5800/2013

YKK HONG KONG LIMITED

Failing to provide and maintain safe plant and system of work

(Trial Hearing)

　

2014-1-6

Magistrates' Courts

TMS5801

TMS5801/2013

YKK HONG KONG LIMITED 

Failing to provide necessary information, instruction, training and supervision for safety at work of person(s) employed at industrial undertaking 

(Trial Hearing)

　

2013-10-10

Magistrates' Courts

TMS5800

TMS5800/2013

YKK HONG KONG LIMITED

Failing to provide and maintain safe plant and system of work

(Pre-Trial Review)

　

2013-10-10

Magistrates' Courts

TMS5801

TMS5801/2013

YKK HONG KONG LIMITED

Failing to provide necessary information, instruction, training and supervision for safety at work of person(s) employed at industrial undertaking

(Pre-Trial Review)

　

2013-9-12

Magistrates' Courts

TMS5800

TMS5800/2013

YKK HONG KONG LIMITED

Failing to provide and maintain safe plant and system of work

(Pre-Trial Review)

　

2013-9-12

Magistrates' Courts

TMS5801

TMS5801/2013

YKK HONG KONG LIMITED

Failing to provide necessary information, instruction, training and supervision for safety at work of person(s) employed at industrial undertaking

(Pre-Trial Review)

　

2013-8-1

Magistrates' Courts

TMS5800

TMS5800/2013

YKK HONG KONG LIMITED

Failing to provide and maintain safe plant and system of work

(Pre-Trial Review)

　

2013-8-1

Magistrates' Courts

TMS5801

TMS5801/2013

YKK HONG KONG LIMITED

Failing to provide necessary information, instruction, training and supervision for safety at work of person(s) employed at industrial undertaking

(Pre-Trial Review)

　

2012-10-6

District Court ECC

1718

Cuifen Feng

(DCEC) 

(Applicant)

YKK Hong Kong Ltd 

c/o 

Employees' Compensation Case

(Respondent)

　

2012-4-25

High Court Civil Action

654

YKK Hong Kong Ltd

c/o  

Wong Poon Chan Law & Co 

(a firm)

Capable Logistics International Ltd 

c/o 

Flat B, 20/F, Phase III, YKK Building, No.7 San Ping Circuit, Tuen Mun, NT, HK 

Landlord and tenant

　

2011-12-20

District Court ECC

1939

Lau Pai Ping 

c/o 

Messrs. Kenneth W. Leung & Co 

c/o 

Kenneth W. Leung & Co 

(a firm) 

(DCEC) 

(Applicant)

YKK Hong Kong Ltd 

c/o 

(1) 3/F, 12/F, 14/F, 16/F & 18/F, Phase II, 2 San Lik Street, Tuen Mun, NT 

(2) 4/F, 7/F, 12/F & 18/F, Phase III, YKK Building, 7 San Ping Circuit, Tuen Mun, NT 

Employees' Compensation Case 

(Respondent)

　

2011-2-26

Labour Tribunal

337

Sin Chi Wai

c/o

George Chan & Co

c/o

George Chan & Co

(a firm)

(DCPI)

YKK Hong Kong Ltd

c/o

3/F-12/F, 14/F, 16/F & 18/F, Phase II, 2 San Lik Street and4/F, 7/F-12/F & 18/F, Phase III, YKK Building, 7 San Ping Circuit, Tuen Mun, NT

Damages

　

2009-1-12

District Court Civil Action

167

YKK Hong Kong Ltd 

c/o 

14/F, Tower 2, 30 Canton Road, Tsim Sha Tsui, Kln 

c/o 

Wong Poon Chan Law & Co 

(a firm)

Leighton Apparel Ltd 

c/o 

1/F, 266-270 Texaco Road, Tsuen Wan, NT

Good Sold & Delivered

HKD 323,684.04

2006-12-14

Small Claim Tribunal

040586/06

YKK Hong Kong Ltd. 

(SCTC040586/06

Anda Industrial Ltd. 

Good Sold & Delivered

　

2006-9-30

Small Claim Tribunal

028139/06

Tse Chong Kay 

t/a

Wai Fat Engineering Company

(SCTC028139/06)

YKK Hong Kong Ltd

Miscellaneous

　

2006-9-27

Small Claim Tribunal

028139/06

Tse Chong Kay 

t/a 

Wai Fat Engineering 

Company 

(SCTC028139/06)

YKK Hong Kong Ltd 

Miscellaneous

　

2006-9-18

Small Claim Tribunal

040586/06

YKK Hong Kong Ltd.

Anda Industrial Ltd. 

Good Sold & Delivered

　

2006-8-31

Small Claim Tribunal

040586/06

YKK Hong Kong Ltd. 

Anda Industrial Ltd. 

Good Sold & Delivered

　

2006-7-3

Small Claim Tribunal

28139

Tse Chong Kay 

t/a 

Wai Fat Engineering 

Company 

YKK Hong Kong Ltd

Miscellaneous

　

2006-3-13

Small Claim Tribunal

66430

Tse Chong Kay 

t/a 

Wai Fat Engineering 

Company 

YKK Hong Kong Ltd

Miscellaneous

　

2006-3-13

Small Claim Tribunal

66429

Tse Chong Kay 

t/a 

Wai Fat Engineering 

Company 

YKK Hong Kong Ltd

Miscellaneous

　

2005-12-21

Small Claim Tribunal

66430

Tse Chong Kay 

t/a 

Wai Fat Engineering 

Company 

YKK Hong Kong Ltd

Miscellaneous

　

2005-12-21

Small Claim Tribunal

66430

Tse Chong Kay 

t/a 

Wai Fat Engineering 

Company 

YKK Hong Kong Ltd

Miscellaneous

　

2005-12-21

Small Claim Tribunal

66429

Tse Chong Kay 

t/a 

Wai Fat Engineering 

Company 

YKK Hong Kong Ltd

Miscellaneous

　

2005-12-21

Small Claim Tribunal

66429

Tse Chong Kay 

t/a 

Wai Fat Engineering 

Company 

YKK Hong Kong Ltd

Miscellaneous

　

2005-5-25

Small Claim Tribunal

18866

YKK Hong Kong Ltd.

Union Centre Ltd

Good Sold & Delivered

　

2005-3-17

Labour Tribunal

900

(CHEUNG KAN) 

(LBTC) 

(Parties)

YKK Hong Kong Ltd

Not stated

　

2005-1-15

District Court Civil Action

229

Poon Chiu Cheung & Pun Hing Tin 

ft/a 

Cheung Kee 

Engineering Co 

Room 1203, Lai Wo House, Tai Wo Estate, Tai Po, NT

YKK Hong Kong Ltd 

1)3/F-12/F, 14/F, 16/F & 20/F, Phase II, 2 San Lik Street & 4/F, 7/F-11/F, Phase III, YKK Building, 7 San Ping Circuit, Tuen Mun, NT

Breach of Contract

HKD 243,903.19

2005-1-15

District Court Civil Action

229

Poon Chiu Cheung &  Pun Hing Tin 

ft/a 

Cheung Kee 

Engineering Co 

Room 1203, Lai Wo House, Tai Wo Estate, Tai Po, NT

YKK Hong Kong Ltd 

Breach of Contract

HKD 243,903.19

 

Mortgage Record

 

Company Name:

YKK Hong Kong Limited

Date of Creating Mortgage:

2002-5-31

Name and Address of Mortgagee:

The Bank of Tokyo-Mitsubishi., Ltd, Kowloon Branch

15/F, The Peninsula Office Tower, 18 Middle Road, Kolwoon

 

 

Special Note

 

Interview Details

Name

Mr. Wong

Department:

Sales Department

E-mail:

sales@ykk.com.hk

 

 

Industry Information

 

84619--Other clothing accessories and parts, not for babies, not knitted or crocheted (kg)

Unit: HKD/000

 

2014.12

2014.01~2014.12

 

Quantity

Value

Quantity

Value

Imports

United Arab Emirates

 

 

 

 

Netherlands

202

89

206

90

Italy

1,441

2,615

6,976

13,777

Korea

4,563

559

7,235

1,464

America

2,834

3,549

4,233

4,542

Spain

186

47

9,080

1,601

Germany

349

127

1,172

1,097

Vietnam

869

152

1,748

452

Japan

780

374

4,210

1,265

Taiwan

269

50

2,762

865

The Mainland of China

119,219

18,522

838,547

123,837

Exports

United Arab Emirates

 

 

 

 

Indonesia

1,902

221

9,416

1,035

India

992

154

3,953

624

Egypt

848

187

848

187

Cambodia

162

24

987

174

Sri Lanka

384

47

2,547

293

Morocco

330

98

330

98

America

1,187

269

2,930

681

Vietnam

            3,065

390

19,562

2,346

The Mainland of China

850

53

7,416

671

 

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

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

2014

4,219,046

55,283

3,617,468

3,672,751

+3.2

-546,295

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

2014.07

368,293

5,120

321,040

326,160

+6.8

-42,132

2014.08

358,750

5,289

321,937

327,225

+6.4

-31,525

2014.09

382,355

4,153

327,833

331,986

+4.5

-50,369

2014.10

381,569

4,392

327,335

331,727

+2.7

-49,842

2014.11

378,946

4,701

322,082

326,783

+0.4

-52,163

2014.12

372,007

4,050

308,705

312,755

+0.6

-59,253

2015.01

348,886

4,468

307,403

311,871

+2.8

-37,015

2015.02

264,220

2,919

225,418

228,337

+7.2

-35,884

2015.03

342,319

4,013

292,100

296,113

-1.8

-46,206

2015.04

331,108

4,202

287,742

291,944

+2.2

-39,164

2015.05

331,940

4,258

287,571

291,830

-4.6

-40,110

2015.06

345,302

4,158

295,361

299,518

-3.1

-45,783

 

*Total exports figures have been rounded to the nearest final digit after summing up the constituent trade figures.

 

 

Attachment

 

14th Floor, Tower 2, Silvercord, 30 Canton Road, Tsimshatsui, Kowloon, Hong Kong

 

IMG_1

 

14th Floor, Tower 2, Silvercord, 30 Canton Road, Tsimshatsui, Kowloon, Hong Kong

IMG_2

 

14th Floor, Tower 2, Silvercord, 30 Canton Road, Tsimshatsui, Kowloon, Hong Kong

IMG_4

 

14th Floor, Tower 2, Silvercord, 30 Canton Road, Tsimshatsui, Kowloon, Hong Kong

 

IMG_5

 

14th Floor, Tower 2, Silvercord, 30 Canton Road, Tsimshatsui, Kowloon, Hong Kong

 

IMG_3

 

 

FOREIGN EXCHANGE RATES

 

Currency
Unit

Indian Rupees

US Dollar

1

Rs.65.98

UK Pound

1

Rs.100.11

Euro

1

Rs.70.35

 

 

INFORMATION DETAILS

 

Analysis Done by :

KAR

 

 

Report Prepared by :

ANK

 

 

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

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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%)

 

 

PRIVATE & CONFIDENTIAL : This information is provided to you at your request, you having employed MIPL for such purpose. You will use the information as aid only in determining the propriety of giving credit and generally as an aid to your business and for no other purpose. You will hold the information in strict confidence, and shall not reveal it or make it known to the subject persons, firms or corporations or to any other. MIPL does not warrant the correctness of the information as you hold it free of any liability whatsoever. You will be liable to and indemnify MIPL for any loss, damage or expense, occasioned by your breach or non observance of any one, or more of these conditions

This report is issued at your request without any risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL) or its officials.