MIRA INFORM REPORT

 

 

Report No. :

351820

Report Date :

27.11.2015

 

IDENTIFICATION DETAILS

 

Name :

TAICHI HOLDINGS LTD

 

 

Registered Office :

5Fl Iidabashi Grand Bloom 2-10-2 Fujimi, Chiyoda-ku, Tokyo 1020071

 

 

Country :

Japan

 

 

Financials (as on) :

2014

 

 

Date of Incorporation :

15.10.2001

 

 

Legal Form :

Private Company with Limited Liability

 

 

Line of Business :

Subject is trader of machinery

 

 

No. of Employee :

77

 

 

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

 

Maximum Credit Limit :

USD $2,000,000  

 

Status :

Satisfactory

 

 

Payment Behaviour :

No complaints

 

 

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)

Japan

A1

A1

 

Risk Category

ECGC Classification

Insignificant

 

A1

Low

 

A2

Moderate

 

B1

High

 

B2

Very High

 

C1

Restricted

 

C2

Off-credit

 

D

 

 

JAPAN - ECONOMIC OVERVIEW

 

In the years following World War II, government-industry cooperation, a strong work ethic, mastery of high technology, and a comparatively small defense allocation (1% of GDP) helped Japan develop an advanced economy. Two notable characteristics of the post-war economy were the close interlocking structures of manufacturers, suppliers, and distributors, known as keiretsu, and the guarantee of lifetime employment for a substantial portion of the urban labor force. Both features are now eroding under the dual pressures of global competition and domestic demographic change. Scarce in many natural resources, Japan has long been dependent on imported raw materials. Since the complete shutdown of Japan’s nuclear reactors after the earthquake and tsunami disaster in 2011, Japan's industrial sector has become even more dependent than it was previously on imported fossil fuels. A small agricultural sector is highly subsidized and protected, with crop yields among the highest in the world. While self-sufficient in rice production, Japan imports about 60% of its food on a caloric basis. For three decades, overall real economic growth had been impressive - a 10% average in the 1960s, a 5% average in the 1970s, and a 4% average in the 1980s. Growth slowed markedly in the 1990s, averaging just 1.7%, largely because of the aftereffects of inefficient investment and an asset price bubble in the late 1980s that required a protracted period of time for firms to reduce excess debt, capital, and labor. Modest economic growth continued after 2000, but the economy has fallen into recession four times since 2008. Government stimulus spending helped the economy recover in late 2009 and 2010, but the economy contracted again in 2011 as the massive 9.0 magnitude earthquake and the ensuing tsunami in March of that year disrupted manufacturing. The economy has largely recovered in the four years since the disaster, although reconstruction in the affected Tohoku region has lagged, in part due to a shortage of labor in the construction sector. Japan enjoyed a sharp uptick in growth in 2013 on the basis of Prime Minister Shinzo Abe’s “Three Arrows” economic revitalization agenda - dubbed “Abenomics” - of monetary easing, “flexible” fiscal policy, and structural reform. Abe’s government has replaced the preceding administration’s plan to phase out nuclear power with a new policy of seeking to restart nuclear power plants that meet strict new safety standards, and emphasizing nuclear energy’s importance as a base-load electricity source. Japan joined the Trans-Pacific Partnership (TPP) negotiations in 2013, a pact that would open Japan's economy to increased foreign competition and create new export opportunities for Japanese businesses. Measured on a purchasing power parity (PPP) basis that adjusts for price differences, Japan in 2014 stood as the fourth-largest economy in the world after first-place China, which surpassed Japan in 2001, and third-place India, which edged out Japan in 2012. While seeking to stimulate and reform the economy, the government must also devise a strategy for reining in Japan's huge government debt, which amounts to more than 230% of GDP. To help raise government revenue, Japan adopted legislation in 2012 to gradually raise the consumption tax rate to 10% by 2015, beginning with a hike from 5% to 8% implemented in April 2014. That increase had a contractionary effect on GDP, however, so PM Abe in late 2014 decided to postpone the final phase of the increase until April 2017 to give the economy more time to recover. Led by the Bank of Japan’s aggressive monetary easing, Japan is making progress in ending deflation, but demographics - low birthrate and an aging, shrinking population - pose major long-term challenges for the econ

 

Source : CIA

 

Company name

 

TAICHI HOLDINGS LTD

   

 

Company Details

Country

:

Japan

Business Entity Name

:

TAICHI HOLDINGS LTD (1)

Name in Local Language

:

株式会社 太知ホールディングス

Operating Address

:

5Fl Iidabashi Grand Bloom 2-10-2 Fujimi, Chiyoda-ku, Tokyo 1020071

http://www.asiancredit.com:80/Manage/confirm/WH/

 

Tel

:

[+81] 3-35125320

Fax

:

[+81] 3-35125508

Email

:

taichi-info@anabas.co.jp

Website

:

http://www.anabas.co.jp

Primary Business Activity

:

Trader

Primary Industry

:

Machinery

 

 

Key Facts

Registered Legal Address

:

5Fl Iidabashi Grand Bloom 2-10-2 Fujimi, Chiyoda-ku, Tokyo 1020071

License Number

:

0100-01-090844

Date of Registration

:

15 Oct, 2001

Issuing Authority

:

Legal Affairs Bureau, Ministry of Justice

Legal Form - Category

:

Private Company with Limited Liability

Legal Form

:

Limited

Legal Form - Abbreviation

:

LTD

License Status

:

License exists - Normal.

Operational Status of Business

:

Normal

Employees

:

77

Capital

:

n/a (2)

 

Note:

(1) Legal status of the English corporate name
The English name of the Subject Business Entity (SBE) is a randomly selected translation / transliteration made by the owners of the SBE. It is not a registered English corporate name, but simply a translation / transliteration of the local language name.

 

(2) Not applicable.
Based on the current corporate laws of Japan there is no longer a requirement for Authorized Capital.

 

 

 

Adverse Data

 Results

:

Total of  0  record found.

 

 

Financials - Summary  

 

Currency: USD - US Dollar)

Year

Turnover

Assets

Net Income

2013 Annual  

64,727,378

45,921,867

2,394,461

2014 Annual  

62,564,319

44,589,895

573,598

 

 

Recommended Credit Limit - Trade Finance

Maximum Recommended Credit

:

USD $2,000,000  based on  90 days

 

 

Key Person

Legal Title

:

President

Name

:

Mr. Shuzo Kawamura

Local Name

:

川村修三

Registered Address

:

2-28-7-101 Yushima, Bunkyo-ku, Tokyo 1130034

Nationality

:

Japanese

 

 

Primary Products

Products / Materials / Services Description

Activity

Air-conditioners

Trading, Exporting

Automobile

Trading, Exporting

Broadcasting system

Trading, Exporting

CCTV

Trading, Exporting

CT scanners

Trading, Exporting

 

 

SIC PRODUCT CLASSIFICATION & ACTIVITY

 

Product/Service Description

Code

Activity

Auto & Other Motor Vehicles

5012

Trading, Exporting

Chemicals and Allied Products

2800

Trading, Exporting

Computer peripheral equipment, nspf, and parts, nspf

3577

Trading, Exporting

Construction machinery, and parts, nspf

3531

Trading, Exporting

Electrical Appliances

5064

Trading, Exporting

Electromedical and electrotherapeutic apparatus, and parts, nspf

3845

Trading, Exporting

Electronic & Electric Equip.

3600

Trading, Exporting

General industrial machinery and equipment, and parts, nspf

3569

Trading, Exporting

Industrial Machinery & Equipment

3500

Trading, Exporting

Industrial Machinery/Equip

5084

Trading, Exporting

 

 

HARMONIZED PRODUCT CLASSIFICATION & ACTIVITY

 

Product/Service Description

Code

Activity

Air conditioning machines (temp & hum change), parts

8415

Trading, Exporting

Chemical products and preparations of the chemical or allied industries

3824909050

Trading, Exporting

Cinematographic cameras & projectors, parts etc

9007

Trading, Exporting

Compound optical microscopes; parts & accessories

9011

Trading, Exporting

Electro-medical instruments and appliances and parts and accessories

9018907580

Trading, Exporting

Electro-surgical instruments and appliances and parts and accessories

9018906000

Trading, Exporting

Electromech domestic appliances; parts

8509

Trading, Exporting

Envelopes, postcards etc & boxes etc of stationery

4817

Trading, Exporting

Hospital furniture

9402900010

Trading, Exporting

Ink,nesoi

3215905000

Trading, Exporting

 

 

DETAILED PRODUCT CLASSIFICATION & ACTIVITY

 

Products / Materials / Services Description

Ranking

Activity

Camera

Primary

Trading, Exporting

Car accessories

Primary

Trading, Exporting

Car spare parts

Primary

Trading, Exporting

Chemical Equipment

Primary

Trading, Exporting

Color scanners

Primary

Trading, Exporting

Computer system

Primary

Trading, Exporting

Construction equipment

Primary

Trading, Exporting

Copying machines

Primary

Trading, Exporting

DC battery discharge resistors

Primary

Trading, Exporting

Electric cables

Primary

Trading, Exporting

 

 

CORE BUSINESS DESCRIPTION

 

Core Business

The primary business focus of TAICHI HOLDINGS LTD is Trading - Finished products.

 

Key products include :

•           Projectors

•           Stationery

•           Vehicles

•           Air-conditioners

•           Automobile

•           Broadcasting system

•           CCTV

•           CT scanners

•           Camera

•           Car accessories

•           Car spare parts

•           Chemical Equipment

•           Color scanners

•           Computer system

•           Construction equipment

•           Copying machines

•           DC battery discharge resistors

•           Electric cables

•           Electric home appliances

•           Electric products

•           Electrical power

•           Electro-mechanical equipment

•           Electronic components

•           Electronic products

•           Electronic typewriters

•           Facsimile machines

•           Film developing machine

•           Fine chemical products

•           Generators

•           Graphic arts

•           Hospital facilities

•           Hospital furniture

•           Industrial machinery

•           Industrial products

•           Inks

•           Insulators

•           LCD TV

•           Medical devices

•           Medical equipment

•           Microscopes

•           Motorcycles

•           Office computers

•           Office equipment

•           Offset printing machine

•           Optical products

•           Papers

•           Petrochemicals

•           Phytopharmaceuticals

•           Plasma TV

•           Power cables

•           Power equipments

•           Printing equipment & supplies

•           Printing films

•           Printing machinery

 

Supplementary Business

In addition to the core business, TAICHI HOLDINGS LTD also is engaged in the following areas of business:

1.     Exporting

·         Exporting - Finished products

 

 

DOMESTIC SALES & PURCHASES

 

Annual Sales Analysis   Percentage

Domestic Sales                         60%

International Sales (Export)        40%

 

 

Annual Purchases Analysis        Percentage

Local Purchases                        100%

Imports                                     0%

 

 

COMPANY MANAGEMENT

 

Management Listings

 

Name

Nationality

Job Description

Dept. / Division

1

Mr. Toru Fukuhara

Japanese

Auditor

-

2

Mr. Shuzo Kawamura

Japanese

President

-

3

Mr. Toshio Shiraishi

Japanese

Auditor

-

 

 

Management Details - 1

Personal Unique Identifier

:

MI03927178

Name

:

Mr. Toru Fukuhara

Name in local language

:

福原徹

 

Management Details - 2

Personal Unique Identifier

:

MI02287774

Name

:

Mr. Shuzo Kawamura

Name in local language

:

川村修三

Date of Birth

:

7 Feb, 1951

Registered address

:

2-28-7-101 Yushima Bunkyo-ku Tokyo 1130034

Country of Residence

:

Japan

 

Management Details - 3

Personal Unique Identifier

:

MI03927181

Name

:

Mr. Toshio Shiraishi

Name in local language

:

白石俊夫

 

 

FINANCIALS – SUMMARY

 

 (Currency: USD - US Dollar)

Year

Turnover

Assets

Net Income

2006 Annual

132,848,198

n/a

4,738,534

2007 Annual

122,544,759

n/a

5,110,377

2008 Annual

128,614,345

n/a

3,661,284

2009 Annual

124,652,198

n/a

3,238,731

2010 Annual

129,598,762

n/a

3,167,044

2011 Annual

123,985,432

n/a

2,380,333

2012 Annual

110,356,100

n/a

1,646,235

 

 

CAPITAL

 

 (Currency: JPY - Japanese Yen)

No. of Authorized Shares

:

20,000

Paid-up Capital

:

¥ 72,415,568

 

 

FINANCIAL STATEMENT - DETAILED

Balance Sheet

Currency

:

JPY

Denomination

:

1

Financial Year Ending

:

December

 

 

 

Financial Highlights

2012 Annual

2013 Annual

2014 Annual

Share Capital(*)

-

72,416,000

72,416,000

Total Liabilities(*)

-

1,433,269,000

1,717,227,000

Assets 

Current Assets(*)

-

3,575,397,000

3,776,945,000

Total Assets(*)

-

4,775,415,000

5,286,132,000

Non Current Assets(*)

-

1,200,018,000

1,509,187,000

Liabilities 

Non Current Liabilities(*)

-

337,060,000

419,896,000

Current Liabilities(*)

-

1,096,209,000

1,297,331,000

Shareholders Funds(*)

-

3,342,146,000

3,568,905,000

Note: (*)

Financial Highlights

 

Income Statement

Currency

:

JPY

Denomination

:

1

Financial Year Ending

:

December

Financial Highlights

2012 Annual

2013 Annual

2014 Annual

Turnover(*)

9,452,000,000

6,731,000,000

7,417,000,000

Profit After Tax attributable to Shareholders(*)

141,000,000

249,000,000

68,000,000

Note: (*)

Financial Highlights

 

Financial Ratios

Financial Highlights

2012 Annual

2013 Annual

2014 Annual

Growth % 

Year-on-Year Growth

-

(28.79)

10.19

Profitability 

Profit Margin (%)

-

3.70

0.92

Return on Equity (%)

-

7.45

1.91

Return on Assets (%)

-

5.21

1.29

Leverage 

Total Debt Equity (Times)

-

0.43

0.48

Current Debt Equity (Times)

-

0.33

0.36

Long Term Debt to Equity

-

0.10

0.12

Total Asset To Total Equity

-

1.43

1.48

Asset Management 

Total Assets Turnover (Times)

-

1.41

1.40

Fixed Assets Turnover (Times)

-

5.61

4.91

Liquidity 

Current Ratio

-

3.26

2.91

 

 

REPUTATION

 

Reference checking for the purpose of establishing TAICHI HOLDINGS LTD's reputation within the respective industry failed to reveal any adverse information.

 

 

NEGA-SCAN - ADVERSE DATA MONITORING

 

 

 

DISHONORED CHECKS

 

No Record Found

 

http://www.asiancredit.com/Manage/Image/space.gif

 

DEBT

 

No Record Found

 

http://www.asiancredit.com/Manage/Image/space.gif

 

CIVIL LITIGATION

 

No Record Found

 

http://www.asiancredit.com/Manage/Image/space.gif

 

PERFORMANCE DEFAULTS

 

No Record Found

 

http://www.asiancredit.com/Manage/Image/space.gif

 

ADVERSE LOCAL MEDIA COVERAGE / ADVERSE FILING HISTORY

No Record Found

 

http://www.asiancredit.com/Manage/Image/space.gif

 

 

PAYMENT TERMS

 

Selling

Type

Terms

Local

Cash on delivery (COD)

Credit - Unsecured 30~60 days

Export

Letter of Credit (At-sight)

Telegraphic Transfer (T/T) - Received at time of transaction

 

Purchasing

Type

Terms

Local

Cash on delivery (COD)

Credit - Unsecured 30~60 days

 

 

 

BANK DETAILS

 

Bank Name

:

MIZUHO BANK LTD

Global Identifier

:

P0217434

Branch

:

Chiyoda-ku,Tokyo

Branch Address

:

MIZUHO BANK LTD , THE - CHIYODA-KU, TOKYO

SWIFT Code

:

MHCBJPJT

 

Bank Name

:

RESONA BANK LTD

Global Identifier

:

P0058831

Branch

:

Chuo-ku,Osaka-shi

Branch Address

:

2-2-1 Bingo-machi Chuo-ku Osaka-shi Osaka 5410051 (Head Office)

SWIFT Code

:

DIWAJPJT

 

Bank Name

:

SUMITOMO MITSUI BANKING CORP

Global Identifier

:

P0173197

Branch

:

Chiyoda-ku,Tokyo

Branch Address

:

SUMITOMO MITSUI BANKING CORP - CHIYODA-KU, TOKYO

SWIFT Code

:

SMBCJPJT

 

 

LOCAL BRANCHES & MANAGEMENT

 

Branch              :           TAICHI HOLDINGS LTD - TAITO-KU, TOKYO

Branch Address            :           3F| Akihabara Murakami Bldg 3-2-4 Ueno, Taito-ku, Tokyo 1100005

Branch Tel         :           81-3-58467211

Branch Fax       :           81-3-58466639

 

Branch              :           TAICHI HOLDINGS LTD - CHUO-KU, OSAKA-SHI

Branch Address            :           7F| Hirano-machi Yachiyo Bldg 1-8-13 Hirano-machi, Chuo-ku, Osaka-shi, Osaka 5410046

Branch Tel         :           81-6-62032671

Branch Fax       :           81-6-62032328

 

 

RELATED PARTIES

 

 (Subsidiaries , Joint-ventures & Affiliates)

 

The following provides a summary of the number of businesses that are related to TAICHI HOLDINGS LTD:

 

TYPE

INTERNATIONAL

Africa

Asia / Pacific

Europe

Middle-East

North America

South America

TOTAL

Subsidiaries

-

1

-

1

1

-

3

Joint-Ventures

-

-

-

-

-

-

-

Minority shareholdings

-

-

-

-

-

-

-

Affiliates

-

-

-

1

-

1

2

Liaison / Representative Offices

-

-

-

-

-

-

-

MAPPING OF RELATED PARTIES

Legend

 

 

International

 

Business Entity Name

:

ARCHERY FZE

Global Identifier

:

P1247992

Country

:

United Arab Emirates

Relationship

:

Affiliate

Relationship Details

:

Strategic alliance

Operational Address

:

PBU XC-8 Jebel Ali Free Zone, Dubai

Primary Business Activity

:

Trader

Industry

:

Machinery

 

 

Business Entity Name

:

PANAGATE CORP

Global Identifier

:

P1248003

Country

:

Panama

Relationship

:

Affiliate

Operational Address

:

El Edificio Ph Balboa Plaza Avenida Balboa Corregimiento De Bella Vista Local 422, Panama

Primary Business Activity

:

Trader

Industry

:

Machinery

 

Business Entity Name

:

TAICHI (HONG KONG) HOLDINGS LTD

Global Identifier

:

P3335756

Country

:

Hong Kong

Relationship

:

Subsidiary

Relationship Details

:

Strategic alliance

Operational Address

:

Unit 1101, 11Fl Podium Plaza 5 Hanoi Rd, Tsimshatsui, Kowloon

 

 

Business Entity Name

:

TAICHI CORP

Global Identifier

:

P1247995

Country

:

USA

Relationship

:

Subsidiary

Relationship Details

:

Strategic alliance

Operational Address

:

Suite 130 Aleman Bldg 10305 Northwest 41st St Doral, Miami, Florida 33178

Primary Business Activity

:

Trader

Industry

:

Machinery

 

 

SHAREHOLDERS

 

Total number of shareholders

:

19

Total number of shares

:

6,970

 

Currency

:

JPY - Japanese Yen

 

 

 

 

No.

Shareholders

Country

Shares

Number

Amount (JPY)

%

1

Undisclosed Shareholders  (Number: 16 shareholders)

n/a

2,870

29,818,175

41.18

2

Mr. Shuzo Kawamura

Japan

2,100

21,818,177

30.13

3

Mr. Osamu Takanashi

Japan

1,000

10,389,608

14.35

4

Mr. Shigematsu Nakajima

Japan

1,000

10,389,608

14.35

Total

6,970

72,415,568

100.00

 

Today's Exchange rate

:

1.00 JPY
Japanese Yen

=

0.008293 USD
United States Dollars

 

Based on corporate statutory laws / regulations in Japan, there is no requirement for public disclosure of Shareholders. In this case, the Shareholders information was supplied by the Subject Business Entity.
However in the absence of data normally obtained from local Statutory Authorities, it is not possible to verify the accuracy of data supplied and hence is provided as reference ONLY.

 

 

COMPANY DIRECTORS

1

 

 

Personal Unique Identifier

:

MI02287776

Name

:

Mr. Osamu Takanashi

Name in local language

:

高梨修

 

2

 

 

Personal Unique Identifier

:

MI03927171

Name

:

Mr. Shigematsu Nakajima

Name in local language

:

中島成松

 

3

 

 

Personal Unique Identifier

:

MI02287774

Name

:

Mr. Shuzo Kawamura

Name in local language

:

川村修三

Date of Birth

:

7 Feb, 1951

Registered Address

:

2-28-7-101 Yushima ,Bunkyo-ku ,Tokyo 1130034

Country of Residence

:

Japan

 

 

INTERNATIONAL TRADE - Activity & Markets

 

 

Country / Region

Estimated level of importance

Trading Activity

Africa

Medium

Exporting

Middle-East

High

Exporting

North America

Medium

Exporting

South America

High

Exporting

Cuba

High

Exporting

Egypt

High

Exporting

Hong Kong

Medium

Exporting

Indonesia

Medium

Exporting

Iran

Medium

Exporting

Iraq

Medium

Exporting

Jordan

Medium

Exporting

Kenya

Medium

Exporting

Lebanon

Medium

Exporting

Libya

High

Exporting

Nigeria

Medium

Exporting

Panama

Medium

Exporting

Saudi Arabia

Medium

Exporting

Singapore

Medium

Exporting

South Africa

Medium

Exporting

Syria

Medium

Exporting

Turkey

Medium

Exporting

USA

Medium

Exporting

United Arab Emirates

Medium

Exporting

Vietnam

Medium

Exporting

 

 

DOMESTIC SUPPLIERS

Business Entity Name

Global Identifier

DNP PHOTO IMAGING JAPAN CO LTD

P3335768

FUJI HEAVY INDUSTRIES LTD

P0068864

FUJITSU GENERAL LTD

P0068872

NIDEK CO LTD

P0300283

PANASONIC ECOLOGY SYSTEMS CO LTD

P1878469

PIONEER CORP

P0041019

MAPPING OF DOMESTIC SUPPLIERS

Legend

 

 

DOMESTIC CUSTOMERS

Business Entity Name

Global Identifier

HITACHI LTD

T0001949

TOSHIBA CORP

P0003142

MAPPING OF DOMESTIC CUSTOMERS

Legend

 

 

OFFICE & FACILITIES

The following information relates to the Business Entity's office as listed above:

Name

:

TAICHI HOLDINGS LTD - CHIYODA-KU, TOKYO

Primary Use

:

Office & Administration facilities

Address

:

5Fl Iidabashi Grand Bloom 2-10-2 Fujimi, Chiyoda-ku, Tokyo 1020071

Country

:

Japan

Status

:

Operational

 

 

COMPANY HISTORY

 

Date

Details

2001 - Oct

Incorporated to continue the business of a Sole Proprietorship company established on November 1973.

 

 

 

 

PREVIOUS CONTACT DETAILS

 

Company Address

:

2-14-36 Fujimi, Chiyoda-ku, Tokyo 1020071

Date of Relocation

:

22 Jun, 2014

 

Company Address

:

Fujibo Bldg 2-10-28 Fujimi, Chiyoda-ku, Tokyo 1020071

 

 

 

 

 

 

FOREIGN EXCHANGE RATES

 

Currency
Unit

Indian Rupees

US Dollar

1

Rs.66.55

UK Pound

1

Rs.100.64

Euro

1

Rs.70.70

JPY

1

Rs. 0.54

Note : Above are approximate rates obtained from sources believed to be correct

 

 

INFORMATION DETAILS

 

Analysis Done by :

KAS

 

 

Report Prepared by :

ASH

 

 

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.