|
Report No. : |
339516 |
|
Report Date : |
03.09.2015 |
IDENTIFICATION DETAILS
|
Name : |
TS
CORPORATION |
|
|
|
|
Registered Office : |
116, Wolmi-Ro, Jung-Gu, Incheon, Korea 400-201 |
|
|
|
|
Country : |
South Korea |
|
|
|
|
Financials (as on) : |
31.12.2014 |
|
|
|
|
Date of Incorporation : |
06.07.1956 |
|
|
|
|
Com. Reg. No.: |
121-81-07309 |
|
|
|
|
Legal Form : |
Listed Company |
|
|
|
|
Line of Business : |
· Manufacture of Sugar (Sugar, Feed, Food Additives, Food Stuffs) · Manufacture of Prepared Animal Feeds |
|
|
|
|
No. of Employees : |
591 |
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 : |
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) |
|
South Korea |
A1 |
A1 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
|
Moderate |
B1 |
|
High |
B2 |
|
Very High |
C1 |
|
Restricted |
C2 |
|
Off-credit |
D |
SOUTH KOREA - ECONOMIC OVERVIEW
South Korea over the past
four decades has demonstrated incredible growth and global integration to
become a high-tech industrialized economy. In the 1960s, GDP per capita was
comparable with levels in the poorer countries of Africa and Asia. In 2004,
South Korea joined the trillion-dollar club of world economies, and is
currently the world's 12th largest economy. Initially, a system of close
government and business ties, including directed credit and import restrictions,
made this success possible. The government promoted the import of raw materials
and technology at the expense of consumer goods, and encouraged savings and
investment over consumption. The Asian financial crisis of 1997-98 exposed
longstanding weaknesses in South Korea's development model including high
debt/equity ratios and massive short-term foreign borrowing. GDP plunged by
6.9% in 1998, and then recovered by 9% in 1999-2000. South Korea adopted
numerous economic reforms following the crisis, including greater openness to
foreign investment and imports. Growth moderated to about 4% annually between
2003 and 2007. South Korea's export focused economy was hit hard by the 2008
global economic downturn, but quickly rebounded in subsequent years, reaching 6.3%
growth in 2010. The US-Korea Free Trade Agreement was ratified by both
governments in 2011 and went into effect in March 2012. Throughout 2012 and
2013 the economy experienced sluggish growth because of market slowdowns in the
United States, China, and the Eurozone. The administration in 2014 is likely to
face the challenge of balancing heavy reliance on exports with developing
domestic-oriented sectors, such as services. The South Korean economy's long
term challenges include a rapidly aging population, inflexible labor market,
dominance of large conglomerates (chaebols), and heavy reliance on exports,
which comprise about half of GDP.
|
Source
: CIA |
|
Company Name |
TS CORPORATION |
|
Registered Address |
116, Wolmi-ro, Jung-gu, Incheon, Korea (Old Address System : 6-14, Bukseongdong
1-ga, Jung-gu, Incheon, Korea) |
|
Zip Code |
400-201 |
|
Tel |
+82-32-770-1400 |
|
Fax |
+82-32-770-1601 |
|
E-mail |
|
|
Website |
|
|
|
|
|
Trading Address |
299, Olympic-Ro, Songpa-gu, Seoul, Korea (Old Address System : 7-23, Sincheon-dong,
Songpa-gu, Seoul, Korea (P.O.BOX 331)) |
|
Tel |
+82-2-410-6000 |
|
Fax |
+82-2-410-6028 |
|
|
|
|
Other Address-Business Office |
1229, U 2-dong, Haeundae-gu, Busan, Korea |
|
Tel |
+82-51-746-1480 |
|
|
|
|
Other Address-Yangju Business Office |
18-3, Ugo-ri, Gwangjeok-myeon, Yangju-si, Gyeonggi-do, Korea |
|
Tel |
+82-31-837-1300 |
|
|
|
|
Other Address-Hongseong Business Office |
283-3, Sangha-ri, Hongbuk-myeon, Hongseong-gun, Chungcheongnam-do,
Korea |
|
Tel |
+82-41-634-8507 |
|
|
|
|
Other Address-Daegu Business Office |
42-5, Ihyeon-dong, Seo-gu, Daegu, Korea |
|
Tel |
+82-53-555-2493 |
|
|
|
|
Other Address-Gangwon Business Office |
503-1, Dangye-dong, Wonju-si, Gangwon-do, Korea |
|
Tel |
+82-33-731-8058 |
|
|
|
|
Other Address-Jinju Business Office |
62-3, Cheongok-ri, Jinseong-myeon, Jinju-si, Gyeongsangnam-do, Korea |
|
Tel |
+82-55-752-0381 |
|
Fax |
+82-55-752-0382 |
|
|
|
|
Other Address-Oksan Factory |
359-1, Osan-ri, Oksan-myeon, Cheongwon-gun, Chungcheongbuk-do, Korea |
|
Tel |
+82-43-269-4368 |
|
Fax |
+82-43-269-3166 |
|
|
|
|
Other Address-Ulsan Factory |
480, Yongjam-dong, Nam-gu, Ulsan, Korea |
|
Tel |
+82-52-257-4085 |
|
Fax |
+82-52-257-4090 |
|
|
|
|
Type |
Export/Import |
|
Industry |
Manufacture of Sugar |
|
Main Business |
Sugar, Feed, Food Additives, Food Stuffs |
|
Sub
Business |
Manufacture of Prepared Animal Feeds |
|
Established (mm/dd/yyyy) |
07/06/1956 |
The Subject owns
the premises of registered HQ address(77,761.80㎡), Seoul Office(5,964.84㎡), Ulsan Factory (77,428.00㎡) and Oksan Factory(44,606.00㎡).
|
Activity |
Detailed Products (UNSPSC) |
|
Sell |
Natural sugars or sweetening products(50161509) |
|
Sell |
Dipping sauces or condiments or spreads or marinades(50171830) |
|
Sell |
Edible vegetable and plant oils and fats(50151500) |
|
Sell |
Poultry food(10121604) |
|
Sell |
Livestock feed(10121500) |
|
Sell |
Wine(50202203) |
|
Buy |
Feed corn(10121503) |
|
Buy |
Organic fertilizers and plant nutrients(10171500) |
|
Buy |
Cocoa |
|
Buy |
SMP |
|
Buy |
Cheese |
|
Buy |
Corn for Animal Feed |
|
Name |
Lee Myung-Shik |
|
Address |
|
|
Date of Birth |
11/1953 |
|
Title |
President & CEO |
|
Sex |
Male |
|
Nationality |
Korean |
|
Capital (KRW) |
20,392,490,000 |
||||||||||||||||||||||||||||||
|
Employees |
591 |
||||||||||||||||||||||||||||||
|
Formation |
Listed Company (Korea Stock Exchange :
001790) as of 12/27/1968 A Company of TS Corporation Business Group |
||||||||||||||||||||||||||||||
|
Bank Details |
Kookmin Bank Citi Bank, Korea-Jamsil Branch Korea Exchange Bank Shinhan Bank-Jamsil Branch Woori Bank Korea Development Bank Hana Bank-Jamsil Station Branch |
||||||||||||||||||||||||||||||
|
Corporate Registered No. |
120111-0018368 |
||||||||||||||||||||||||||||||
|
Business Registered No. |
121-81-07309 |
||||||||||||||||||||||||||||||
|
Permit & Licenses |
08/1999 ISO 9001 Acquired HACCP in all factories Int’l Trade No.: 741682 |
||||||||||||||||||||||||||||||
|
Shareholder Position |
|
||||||||||||||||||||||||||||||
|
Company History |
07/2006 50th Anniversary of TS Corporation 04/2005 Approval of IND (Clinical trial
phase III for Aropotin) 09/2003 Received the Order of Industrial
Service Merit (Gold Tower) from Korean Government 01/2002 ERP activated for Innovative Management
and Global Standardization 09/2000 Unveiled company vision ‘Beyond
Happiness’ 08/1999 ISO 9001 certification granted 05/1998 Received the Industrial Service
Award from Inchon Metropolitan City for peaceful labor management and
practice 11/1998 Received the Order of Industrial
Service Merit (Stone Tower) from Korean government 10/1997 Established Beijing Popeye’s Food
Ltd. 12/1996 Received the Industrial Service
Award from Korean government 10/1996 Completed livestock feed plant in
Tian Jin, China 02/1995 Established Tian Jin Rainbow Feed
Corp. in China 03/1995 Received the Order of Industrial
Service Merit (Silver Tower) for its faithful tax payment 04/1995 Changed company name to TS
Corporation 04/1994 Established the branch office in
Tokyo 03/1992 Established Taihan Sugar Ltd. In
Hong kong 02/1991 Established the branch office in
New York 02/1991 Completed sugar premix plant in
Oksan 10/1991 Constructed new head office
building in Chamsil, Seoul 04/1989 Completed specialized feed plant in
Kwangju 12/1989 Completed chemical plant in Ulsan 07/1988 Completed livestock feed plant in
Ulsan 02/1986 Established Research and
Development Center 12/1981 Awarded the Order of Industrial
Merit Trophy for achieving annual export sales of US $100Millions 12/1981 Received the Order of Industrial
Service Merit (Bronze Tower) from Korean Government 12/1980 Received the Order of Industrial
Award from Korean Government 08/1979 Completed sugar refinery in Inchon 05/1979 Completed livestock feed plant in
Inchon 08/1969 Changed the company name to Taihan
Sugar Industrial Co., Ltd. 07/1956 Incorporated as Daedong Sugar Co.,
Ltd. with capitals of 2.5 Million won |
||||||||||||||||||||||||||||||
|
|
|
|
Job Description |
Title |
Name |
Nationality |
Date of Birth |
Education |
|
Vice Chairman |
Mr. |
Sul Yoon-Ho |
Korean |
1975.02 |
Claremont University |
|
President & CEO |
Mr. |
Ko Duck-Hee |
Korean |
1954.12.31 |
Kunkook University, Korea |
|
Vice President & CEO |
Mr. |
Kim Young-Kwon |
Korean |
1958.06.21 |
Yonsei University, Korea |
|
Vice President |
Mr. |
Na Seung-Joon |
Korean |
1956.06 |
Chungang University, Korea |
|
Sr. Executive Director |
Mr. |
Cho Hyun |
Korean |
1959.08 |
Hanyang University, Korea |
|
Outside Director |
Mr. |
Lee Jong-Hwan |
Korean |
1963.04 |
Korea University, Korea |
|
Outside Director |
Mr. |
Lee Moo-Sung |
Korean |
1945.03.08 |
Seoul National University, Korea |
|
Auditor |
Mr. |
Jung Kyung-Sub |
Korean |
1956.02 |
Sungkyunkwan University, Korea |
|
Auditor |
Mr. |
Lee Woo-Shik |
Korean |
1955.01 |
Korea University, Korea |
|
Year / Unit : KRW |
Sales |
Assets |
Net Income |
|
(*)2014 |
1,158,582,618,000 |
1,012,993,999,000 |
1,368,752,000 |
|
(*)2013 |
1,190,727,597,000 |
990,983,546,000 |
7,518,636,000 |
|
(*)2012 |
1,322,819,319,000 |
996,785,392,000 |
25,036,247,000 |
|
(*)2011 |
1,243,820,378,000 |
1,020,285,652,000 |
6,349,464,000 |
|
(*)2010 |
1,167,501,357,000 |
934,679,057,000 |
7,599,959,000 |
|
2009 |
1,111,543,571,000 |
910,820,699,000 |
21,470,994,000 |
|
2008 |
1,178,605,850,290 |
899,205,171,444 |
4,706,800,000 |
|
2007 |
1,008,092,654,634 |
589,009,177,898 |
12,270,699,473 |
|
2006 |
940,941,328,334 |
556,300,698,069 |
14,236,474,292 |
|
2005 |
847,895,804,924 |
522,509,085,613 |
14,153,462,161 |
|
2004 |
803,433,566,973 |
511,530,013,450 |
13,973,350,400 |
|
2003 |
725,731,448,759 |
512,325,759,187 |
6,028,372,517 |
(*)Figures are based
on the K-IFRS Accounting System.
|
Authorized Capital(KRW) |
30,000,000,000 |
|
Paid-Up Capital(KRW) |
20,392,490,000 |
|
Total Issues Shares |
8,156,996 (Common: 7,508,720/ Preferable:
648,276) |
|
Balance Sheet |
|||
|
Unit : Thousand Korean Won |
As of 12/31/2014 |
As of 12/31/2013 |
As of 12/31/2012 |
|
Total Assets |
1,012,993,999 |
990,983,546 |
996,785,392 |
|
Current
Assets |
433,340,539 |
412,809,339 |
418,696,910 |
|
Cash & Cash Equivalents |
50,476,005 |
67,517,323 |
65,726,063 |
|
Inventories |
219,271,743 |
178,843,019 |
207,534,001 |
|
Trade Receivables & Other
Receivables |
134,464,614 |
141,160,252 |
124,328,916 |
|
Current Financial Instruments |
29,128,177 |
25,288,745 |
21,107,930 |
|
Non-Current
Assets |
579,653,460 |
578,174,207 |
578,088,482 |
|
Long-Term Trade Receivables &
Other Receivables |
3,444,908 |
3,327,713 |
3,137,282 |
|
Tangibles |
198,266,876 |
199,535,110 |
204,241,941 |
|
Investment_Real Estates |
109,538,970 |
110,806,473 |
111,463,944 |
|
Intangibles |
6,597,386 |
7,072,888 |
7,201,678 |
|
Investment_Subsidiaries |
244,893,844 |
241,249,479 |
233,489,968 |
|
Non-Current Financial Instruments |
16,782,376 |
16,053,444 |
18,424,569 |
|
Non-Current Non-Financial
Instruments |
129,100 |
129,100 |
129,100 |
|
Total
Liabilities |
577,014,754 |
553,136,878 |
565,195,960 |
|
Current
Liabilities |
303,560,223 |
258,142,079 |
308,920,916 |
|
Trade Payables & Other
Payables |
76,768,709 |
100,318,972 |
95,932,382 |
|
Short-Term Borrowings |
134,823,429 |
109,277,653 |
139,273,588 |
|
Current Portion of Long-Term Borrowings |
90,028,800 |
43,825,528 |
66,478,698 |
|
Accrued Income Tax |
1,454,119 |
3,678,707 |
4,674,257 |
|
Other Current Financial Debts |
485,166 |
1,041,219 |
2,561,991 |
|
Non-Current
Liabilities |
273,454,531 |
294,994,799 |
256,275,044 |
|
Long-Term Trade Payables &
Other Payables |
6,107,115 |
6,636,837 |
6,473,425 |
|
Long-Term Borrowings |
225,093,600 |
240,150,024 |
193,971,433 |
|
Provision for Severance &
Retirement |
13,635,307 |
14,057,277 |
14,755,834 |
|
Deferred Income Tax Credit |
28,221,129 |
33,055,161 |
39,952,852 |
|
Other Non-Current Financial Debts |
397,380 |
32,500 |
58,500 |
|
Non-Current
Provisions |
- |
1,063,000 |
1,063,000 |
|
Capital
Stock |
24,044,835 |
20,392,490 |
20,392,490 |
|
Capital Surplus |
11,055,195 |
14,707,540 |
14,707,540 |
|
Profit Surplus |
218,514,583 |
221,484,517 |
217,672,544 |
|
Others |
182,364,632 |
181,262,121 |
178,816,858 |
|
Total Equity |
435,979,245 |
437,846,668 |
431,589,432 |
|
Liab. & Shareholder’s Equity |
1,012,993,999 |
990,983,546 |
996,785,392 |
|
Income Statement |
|||
|
Unit : Thousand Korean Won |
As of 12/31/2014 |
As of 12/31/2013 |
As of 12/31/2012 |
|
Sales |
1,158,582,618 |
1,190,727,597 |
1,322,819,319 |
|
Cost of Sold Goods |
1,022,834,030 |
1,057,963,142 |
1,181,609,261 |
|
Gross Profit |
135,748,588 |
132,764,455 |
141,210,058 |
|
Selling & Admin. Expenses |
112,444,679 |
99,760,642 |
101,336,255 |
|
Operating Income |
23,303,909 |
33,003,813 |
39,873,803 |
|
Other Income |
17,027,388 |
21,007,614 |
27,242,148 |
|
Other Loss |
24,511,467 |
25,150,698 |
22,996,088 |
|
Finance Income |
4,362,357 |
5,142,562 |
5,258,382 |
|
Finance Expenses |
16,150,236 |
16,884,164 |
17,924,919 |
|
Income Before Taxes |
4,031,951 |
17,119,127 |
31,453,326 |
|
Income Taxes Expenses |
2,663,199 |
9,600,491 |
6,417,079 |
|
Net Income |
1,368,752 |
7,518,636 |
25,036,247 |
|
Cash Flows |
|||
|
Unit : Thousand Korean Won |
As of 12/31/2014 |
As of 12/31/2013 |
As of 12/31/2012 |
|
Operating
Activities Cash Flows |
-44,806,943 |
26,478,264 |
11,134,540 |
|
Net Income |
1,368,752 |
7,518,636 |
25,036,247 |
|
Adjustment |
-27,783,733 |
45,336,904 |
-1,011,061 |
|
Dividends Received |
1,372,059 |
1,516,953 |
1,349,449 |
|
Interests Paid |
-15,902,379 |
-17,023,572 |
-17,750,565 |
|
Interests Received |
2,994,251 |
3,570,453 |
4,037,386 |
|
Income Taxes |
-6,855,893 |
-14,441,110 |
-526,916 |
|
Cash Flows from Investing |
-20,191,383 |
-16,051,304 |
-17,596,572 |
|
Cash Flows from Financing |
47,945,907 |
-8,621,349 |
-24,752,294 |
|
Increase/Decrease in Cash |
-17,041,318 |
1,791,260 |
-31,226,414 |
|
Cash at the Beginning of Year |
67,517,323 |
65,726,063 |
96,952,477 |
|
Cash at the End of Year |
50,476,005 |
67,517,323 |
65,726,063 |
|
Main Products & Services |
Sugar & Foodstuffs Animal Feed Chemicals Bio Business Brand Name: Foodream, Rainbow Animal Feed |
|
Detailed Products Spec. |
|
|
Technologies Acquired |
|
|
Suppliers |
|
|
Customers |
HANYEADEU CO. LTD (134511-0031259) |
|
Competitors |
CJ CHEILJEDANG CORPORATION(110111-3748253) 500, NAMDAEMUNNO 5-GA, JUNG-GU, SEOUL,
KOREA TEL:+82-2-726-8114 FAX:+82-2-726-8319 SAMYANG CORPORATION(110111-0026181) 263, YEONJI-DONG, JONGNO-GU, SEOUL, KOREA TEL:+82-2-740-7114 FAX:+82-2-743-7720 DAESANG CORPORATION(110111-0327125) DAESANG BLDG., 96-48, SINSEOL-DONG,
DONGDAEMUN-GU, SEOUL, KOREA TEL:+82-2-2220-9500 FAX:+82-2-2232-3719 |
|
Affiliates |
GYEONGIN TV CO., LTD.(121111-0149021) (16.86% held by the subject company) TS DEVELOPMENT CO., LTD(110111-0178057) (39.54% held by the subject company) ART JAIM BIOTEC CO., LTD. (110111-1899652) (35.00% held by the subject company) |
|
Overseas Office |
LA OFFICE 970W 190TH ST. SUITE 490, TORRANCE CA
90502, USA TEL :+1-310-329-6468 FAX :+1-310-329-0614 TOKYO OFFICE 7TH FLOOR, UCHIKANDA TK BLDG, 5-13 UCHIKANDA 1-CHOME, CHIYODA-KU, TOKYO,
JAPAN TEL :+81-3-5217-3434 FAX :+81-3-3233-1120 TS(HONG KONG) CO., LTD. 1104 & 5, TESBURY CENTRE 24-32, QUEEN'S
ROAD EAST WANCHAI, HONG KONG TEL :+852-2865-4266 FAX :+852-2865-3766 |
|
Liaison Office |
|
|
Overseas Branch |
|
|
Joint Venture |
|
|
Subsidiary |
SAMSUNG MUTUAL SAVINGS & FINANCE CO.,
LTD.(110111-0113475) (100.0% held by the subject company) TS HAIMARROW CO., LTD(110111-0801492) (79.53% held by the subject company) GONGJU DEVELOPMENT.CO.LTD(110111-0717590) (100.0% held by the subject company) TS WOOIN CO., LTD.(110111-0169999) (92.06% held by the subject company) TS DAIRY PRODUCTS CO., LTD.(150111-0025490) (50.96% held by the subject company) TS C&I CO., LTD.(110111-1458789) (99.67% held by the subject company) IC-GEN CORP.(110111-2317562) (69.99% held by the subject company) TIANJIN RAINBOW FEED CO., LTD (80.00% held by the subject company) TS(HONG KONG) CO., LTD. (100.0% held by the subject company) NAMKYUNG CHAEHONG ANIMAL FEED CO.,
LTD.(CHINA) (52.38% held by the subject company) |
|
Corporate Ownership |
|
|
Major Shareholders |
|
|
Cooperative Enterprise |
-Technical Support BOCM PAULS-UK |
|
Sales/ Unit :Thousand KRW |
2011 |
2010 |
2009 |
|
Export |
382,678,927 |
324,462,427 |
224,068,082 |
|
Domestic |
1,052,597,143 |
1,019,986,967 |
887,475,489 |
|
Total |
1,435,276,070 |
1,344,449,394 |
1,111,543,571 |
The subject imports Cocoa and other raw
materials from Thailand, South Africa, Guatemala and Australia, and exports to
Asian Countries including Japan, Hong Kong and China.
|
Case No. |
Court |
Plaintiff(s)/ Creditor(s)/ Applicant(s) |
Defendant(s)/ Debtor(s)/ Respondent(s) |
Cause |
Amount (Million
KRW) |
Status |
|
2014DA81085 |
|
The Subject Company |
Hangang Animal Health Products Co., Ltd. |
Dividends |
150 |
Proceeding |
|
2013HUR6233 |
|
The Subject Company |
LG LIFE SCIENCES, LTD.(110111-2581183) |
Nullifying of Registration |
50 |
Proceeding |
|
2013GAHAP58748 |
|
LG LIFE SCIENCES, LTD.(110111-2581183) |
The Subject Company |
Infringement of Patents |
150 |
Proceeding |
|
2008GADAN2487 |
|
The Subject Company |
Cho Jong-Jin |
Claim for Guaranteed Debts |
59,294 |
Proceeding |
|
2008GAHAP211 |
|
The Subject Company |
Kwon Jae-Hyun & Others |
Claim for Receivables |
306,396 |
Proceeding |
|
2008GADAN14981 |
|
The Subject Company |
Seo Yoon-Ja & Others |
Claim for Receivables |
42,157 |
Proceeding |
|
2008GASO233986 |
|
The Subject Company |
Chungjungkei Co., Ltd.(111511-0052343) |
Claim for Receivables |
15,298 |
Proceeding |
|
2008GASO4519 |
|
The Subject Company |
Lee Byung-Soon |
Claim for Receivables |
4,151 |
Proceeding |
|
2008GADAN1650 |
|
Choi In-Kyu |
The Subject Company |
Claim for Deleting the right |
31,870 |
Proceeding |
|
2008GADAN1934 |
|
Park Soo-Yong |
The Subject Company |
Conformation on not existing the debts |
20,102 |
Proceeding |
|
2007GAHAP2816 |
|
Purina Korea, Inc. |
The Subject Company |
- |
284,038 |
Proceeding |
|
2008GADAN3162 |
|
Milim Eggland Co., Ltd. |
The Subject Company |
Conformation on not existing the debts |
72,559 |
Proceeding |
|
2008KADAN1319 |
|
Lee Byung-Soon |
The Subject Company |
Cancellation on imposed the provisional seizure |
- |
Proceeding |
|
2008GADAN67423 |
|
Jung Man-Young |
The Subject Company |
Refund on Profit |
60,671 |
Proceeding |
------
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.66.16 |
|
|
1 |
Rs.101.22 |
|
Euro |
1 |
Rs.74.61 |
INFORMATION DETAILS
|
Analysis Done by
: |
SUB |
|
|
|
|
Report Prepared
by : |
NIT |
RATING EXPLANATIONS
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
|
>86 |
Aaa |
Possesses an extremely sound financial base with the strongest
capability for timely payment of interest and principal sums |
Unlimited |
|
|
71-85 |
Aa |
Possesses adequate working capital. No caution needed for credit
transaction. It has above average (strong) capability for payment of interest
and principal sums |
Large |
|
|
56-70 |
A |
Financial & operational base are regarded healthy. General
unfavourable factors will not cause fatal effect. Satisfactory capability for
payment of interest and principal sums |
Fairly Large |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
|
|
11-25 |
Ca |
Adverse factors are apparent. Repayment of interest and principal sums
in default or expected to be in default upon maturity |
Limited with
full security |
|
|
<10 |
C |
Absolute credit risk exists. Caution needed to be exercised |
Credit not
recommended |
|
|
-- |
NB |
New Business |
-- |
|
This score serves as a reference to assess
SC’s credit risk and to set the amount of credit to be extended. It is
calculated from a composite of weighted scores obtained from each of the major sections
of this report. The assessed factors and their relative weights (as indicated
through %) are as follows:
Financial
condition (40%) Ownership
background (20%) Payment
record (10%)
Credit history
(10%) Market trend (10%) Operational size
(10%)
This report is issued at your request without any
risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL)
or its officials.