|
Report No. : |
341153 |
|
Report Date : |
14.09.2015 |
IDENTIFICATION DETAILS
|
Name : |
DAELIM
CORPORATION |
|
|
|
|
Registered Office : |
39, Sejong-daero, Jung-gu, Seoul, Korea
04513, 11th Fl., Korea Chamber of Commerce & Industry |
|
|
|
|
Country : |
South
Korea |
|
|
|
|
Financials (as on) : |
30.06.2015 |
|
|
|
|
Date of Incorporation : |
01.10.1994 |
|
|
|
|
Com. Reg. No.: |
110-81-30979 |
|
|
|
|
Legal Form : |
Co., Ltd by shares |
|
|
|
|
Line of Business : |
Wholesale of Other Chemical Materials and Chemical Products |
|
|
|
|
No. of Employees : |
263 |
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 : |
Slow but correct |
|
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) |
|
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 economic 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. A system of close government and
business ties, including directed credit and import restrictions, initially
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 7%
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 over 6%
growth in 2010. The US-Korea Free Trade Agreement was ratified by both governments
in 2011 and went into effect in March 2012. Between 2012 and 2014, the economy
experienced slow growth due to sluggish domestic consumption and investment.
The administration in 2015 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 the heavy reliance on exports, which comprise about half of
GDP. In an effort to address the long term challenges and sustain economic
growth, the current government has prioritized structural reforms,
deregulation, promotion of entrepreneurship and creative industries, and the
competitiveness of small and medium enterprises.
|
Source
: CIA |
|
Company Name |
DAELIM
CORPORATION (Korean Company
Name : “(주)대림코퍼레이션”) |
|
Registered Address |
39, Sejong-daero, Jung-gu, Seoul, Korea |
|
Building |
11th Fl., Korea Chamber of Commerce & Industry |
|
Zip Code |
04513 |
|
Tel |
+82-2-3708-3000 |
|
Fax |
+82-2-3708-3571 |
|
E-mail |
daecoweb@daelimcorp.co.kr |
|
Website |
www.daelimcorp.co.kr |
|
Trading Address |
11th Fl., Korea Chamber of Commerce & Industry,
39, Sejong-daero, Jung-gu, Seoul, Korea (Old Address System : 11th Fl., Korea
Chamber of Commerce & Industry, 45, Namdaemunno 4-ga, Jung-gu, Seoul,
Korea) |
|
Tel |
+82-2-3708-3114 |
|
Fax |
+82-2-3708-3571 |
|
Other Address-R&D Center |
217-3 Sinseong-dong Yusong-gu, Daejeon,
Korea |
|
Tel |
+82-42-869-7540 |
|
Fax |
+82-42-869-7545 |
|
Other Address-Yeosu Center |
1005 Pyeongyeo-Dong ,Yeosu-si, Jeollanam-do, Korea |
|
Tel |
+82-61-692-6661 |
|
Fax |
+82-61-692-6660 |
|
Other Address-ChungJu Center |
ChungJu Industrial Complex 1135 Youngtan-Dong, ChungjJu-Si,
Chungcheongbuk-do Korea |
|
Tel |
+82-43-856-1310 |
|
Fax |
+82-43-856-1311 |
|
Other Address-R&D Center |
217-3 Sinseong-dong Yusong-gu, Daejeon,
Korea |
|
Tel |
+82-42-869-7540 |
|
Fax |
+82-42-869-7545 |
|
Other Address-Yeosu Center |
1005 Pyeongyeo-Dong ,Yeosu-si, Jeollanam-do, Korea |
|
Tel |
+82-61-692-6661 |
|
Fax |
+82-61-692-6660 |
|
Other Address-ChungJu Center |
ChungJu Industrial Complex 1135 Youngtan-Dong, ChungjJu-Si,
Chungcheongbuk-do Korea |
|
Tel |
+82-43-856-1310 |
|
Fax |
+82-43-856-1311 |
|
Type |
Export |
|
Industry |
Wholesale of Other Chemical Materials and Chemical Products |
|
Main Business |
Monomer, Polymer, Tarpaulin, Aluminum Ingots, Aluminum Scraps,
Transport Arrangement Service, Marine Transport, Shipping Agency, K-Resin,
Polyamide, Polybutene |
|
Sub
Business |
|
|
Established (mm/dd/yyyy) |
10/01/1994 |
|
Activity |
Detailed Products (UNSPSC) |
|
Sell |
Phone headsets(43191609) |
|
Sell |
Scooters(25101802) |
|
Sell |
Power adapters or inverters(39121006) |
|
Sell |
Keyboards(43211706) |
|
Sell |
Televisions(52161505) |
|
Sell |
Plastic sheet(30102515) |
|
Sell |
Vehicle handsfree phone set(43191615) |
|
Sell |
Pigment paints(31211503) |
|
Sell |
Naphtha(15101503) |
|
Sell |
Liquified petroleum gas(15111510) |
|
Sell |
Heat pumps(40101806) |
|
Sell |
Films(13111200) |
|
Sell |
High Density Polyethylene HDPE(13102017) |
|
Sell |
Low Density Polyethylene LDPE(13102018) |
|
Sell |
Pipe(40142100) |
|
Sell |
Chemistry reagents or solutions(41116105) |
|
Sell |
Aromatic or heterocyclic compounds(12352005) |
|
Sell |
Fuel oil(15101700) |
|
Sell |
Polystyrene PS(13102026) |
|
Sell |
Elastomers(13101700) |
|
Sell |
Organic derivatives and substituted
compounds(12352100) |
|
Sell |
Compounded resin(13111037) |
|
Sell |
Petroleum and distillates(15101500) |
|
Sell |
Aromatic or heterocyclic compounds(12352005) |
|
Name |
Lee Byung-Chan |
|
Address |
|
|
Date of Birth |
05/1953 |
|
Title |
President & CEO |
|
Sex |
Male |
|
Nationality |
Korean |
|
Capital (KRW) |
52,639,465,000 |
|||||||||||||||||||||
|
Employees |
263 |
|||||||||||||||||||||
|
Formation |
Co., Ltd by shares A Company of DAELIM BUSINESS GROUP |
|||||||||||||||||||||
|
Bank Details |
Woori Bank-Susong Dong Branch |
|||||||||||||||||||||
|
Corporate Registered No. |
110111-1081093 |
|||||||||||||||||||||
|
Business Registered No. |
110-81-30979 |
|||||||||||||||||||||
|
Permit & Licenses |
Int’l Trade No. : 11190837 |
|||||||||||||||||||||
|
Shareholder Position |
|
|||||||||||||||||||||
|
Company History |
10/01/1994 Incorporated as the present name 12/2006 Moved to the present HQ address 11/2008 Acquired DAELIM H&L
CO., LTD.(110111-2198631) 07/01/2015 Acquired DAELIM I&S CO.,
LTD.(110111-1143009) 07/01/2015 Increased capital to 52,639,465,000 KRW from 36,829,810,000 KRW |
|||||||||||||||||||||
|
|
|
Management
|
Job Description |
Title |
Name |
Nationality |
Inauguration Date |
Education |
|
President & CEO |
Mr. |
Lee Byung-Chan |
Korean |
2015.07.01 |
Busan National University, Korea |
|
Vice President & CEO |
Mr. |
Kim Jin-Seo |
Korean |
2013.03.18 |
Yonsei University, Korea |
|
Vice President |
Mr. |
Lee Sang-Ki |
Korean |
2013.03.18 |
Seoul National University, Korea |
|
Executive Director |
Mr. |
Kim Chang-Soo |
Korean |
2013.03.18 |
Hankuk University of Foreign Studies, Korea |
|
Auditor |
Mr. |
Sohn Han-Zip |
Korean |
2012.01.01 |
Seoul National University, Korea |
|
Year / Unit : KRW |
Sales |
Assets |
Net Income |
|
(*)06/2015 |
1,246,473,645,791 |
1,855,996,108,003 |
-37,066,856,378 |
|
(*)2014 |
3,547,175,351,800 |
1,897,624,601,993 |
-42,684,412,540 |
|
(*)2013 |
4,132,325,135,452 |
1,899,069,005,253 |
55,336,678,693 |
|
(*)2012 |
4,159,332,981,539 |
2,099,908,753,941 |
55,836,996,047 |
|
(*)2011 |
4,399,668,808,663 |
1,841,721,119,517 |
5,884,509,543 |
|
(*)2010 |
3,399,951,045,633 |
1,739,824,829,932 |
-20,916,415,145 |
|
2009 |
2,669,965,345,248 |
1,739,797,471,760 |
63,166,570,323 |
|
2008 |
2,697,134,104,636 |
1,501,257,174,863 |
10,713,060,609 |
|
2007 |
2,045,859,654,211 |
1,296,877,694,259 |
74,422,054,455 |
|
2006 |
1,637,235,335,856 |
1,143,217,605,223 |
45,592,164,793 |
|
2005 |
1,619,135,635,132 |
974,095,732,301 |
56,543,975,190 |
|
2004 |
1,818,331,717,057 |
858,160,730,021 |
105,548,915,160 |
(*)Figures are based
on the K-IFRS Accounting System.
|
Authorized Capital(KRW) |
100,000,000,000 |
|
Paid-Up Capital(KRW) |
52,639,465,000 |
|
Total Issues Shares |
10,527,893 |
|
Balance Sheet |
|||
|
Unit : Korean Won |
01/01/2015~06/30/2015 |
As of 12/31/2014 |
As of 12/31/2013 |
|
Total Assets |
1,855,996,108,003 |
1,897,624,601,993 |
1,899,069,005,253 |
|
Current Assets |
395,838,038,745 |
427,106,279,546 |
409,600,105,454 |
|
Cash & Cash Equivalents |
13,830,731,739 |
40,811,198,656 |
52,750,774,752 |
|
Trade Receivables & Other
Receivables |
314,403,936,295 |
300,241,689,373 |
316,436,254,356 |
|
Derivatives |
4,734,219,452 |
30,776,435,051 |
4,837,792,671 |
|
Inventories |
57,252,249,949 |
29,428,482,172 |
26,317,141,765 |
|
Deferred Income Tax Assets |
- |
16,705,113,482 |
- |
|
Other Current Assets |
5,616,901,310 |
9,143,360,812 |
9,258,141,910 |
|
Non-Current Assets |
1,460,158,069,258 |
1,470,518,322,447 |
1,489,468,899,799 |
|
Non-Current Financial Instruments |
2,107,500,000 |
1,207,500,000 |
7,500,000 |
|
Trade Receivables & Other
Receivables |
1,424,460,806 |
987,112,708 |
963,768,637 |
|
Marketable Financial Instruments |
924,225,540 |
924,225,540 |
1,424,225,540 |
|
Investment_Related Companies |
850,716,395,665 |
850,716,395,665 |
781,872,865,665 |
|
Investment_Subsidiaries |
233,837,300 |
233,837,300 |
233,837,300 |
|
Tangibles |
519,320,198,916 |
530,414,417,480 |
616,072,176,516 |
|
Intangibles |
76,689,102,122 |
76,719,190,702 |
76,779,367,862 |
|
Other Non-Current Assets |
8,742,348,909 |
9,315,643,052 |
12,115,158,279 |
|
Total Liabilities |
1,076,714,039,342 |
1,068,380,997,963 |
1,010,089,462,816 |
|
Current Liabilities |
489,301,082,377 |
320,333,075,925 |
481,541,058,301 |
|
Trade Payables & Other
Payables |
227,937,304,451 |
183,914,737,576 |
224,592,530,357 |
|
Short-Term Borrowings |
71,516,363,908 |
36,362,163,377 |
64,978,738,474 |
|
Derivatives |
4,104,139,677 |
47,139,786,672 |
4,743,897,798 |
|
Finance Lease Debts |
6,480,133,600 |
6,101,192,733 |
5,458,098,124 |
|
Accrued Income Tax |
|
|
7,170,129,690 |
|
Current Portion of Long-Term
Debts |
173,704,017,280 |
43,156,963,309 |
170,689,778,682 |
|
Other Current Liabilities |
5,559,123,461 |
3,658,232,258 |
3,907,885,176 |
|
Non-Current Liabilities |
587,412,956,965 |
748,047,922,038 |
528,548,404,515 |
|
Debentures |
213,282,916,630 |
242,453,840,810 |
71,659,000,000 |
|
Long-Term Borrowings |
218,528,378,055 |
336,563,795,435 |
275,492,312,675 |
|
Finance Lease Debts |
5,683,254,018 |
8,764,440,268 |
14,271,927,316 |
|
Provision for Severance &
Retirement |
952,975,269 |
416,584,226 |
129,414,748 |
|
Deferred Income Tax Credit |
148,965,432,993 |
159,849,261,299 |
166,995,749,776 |
|
Capital Stock |
36,829,810,000 |
36,829,810,000 |
36,829,810,000 |
|
Capital Surplus |
183,857,726,870 |
183,857,726,870 |
183,857,726,870 |
|
Profit Surplus |
557,612,276,520 |
607,569,566,398 |
667,305,754,115 |
|
Others |
982,255,271 |
986,500,762 |
986,251,452 |
|
Total Equity |
779,282,068,661 |
829,243,604,030 |
888,979,542,437 |
|
Liab. & Shareholder’s Equity |
1,855,996,108,003 |
1,897,624,601,993 |
1,899,069,005,253 |
|
Income Statement |
|||
|
Unit : Korean Won |
01/01/2015~06/30/2015 |
As of 12/31/2014 |
As of 12/31/2013 |
|
Sales |
1,246,473,645,791 |
3,547,175,351,800 |
4,132,325,135,452 |
|
Cost of Sold Goods |
1,187,411,006,702 |
3,446,248,012,372 |
3,976,384,345,243 |
|
Gross Profit |
59,062,639,089 |
100,927,339,428 |
155,940,790,209 |
|
Selling & Admin. Expenses |
30,009,003,370 |
63,575,902,453 |
65,624,615,468 |
|
Operating Income |
29,053,635,719 |
37,351,436,975 |
90,316,174,741 |
|
Other Operating Income |
49,027,935,531 |
136,814,418,842 |
107,134,559,139 |
|
Other Operating Expenses |
111,114,383,924 |
173,535,568,827 |
110,082,340,003 |
|
Finance Income |
9,009,883,926 |
9,858,517,365 |
14,749,239,947 |
|
Finance Expenses |
25,691,400,280 |
42,613,012,629 |
27,502,363,825 |
|
Income Before Taxes |
-49,714,329,028 |
-32,124,208,274 |
74,615,269,999 |
|
Income Taxes Expenses |
-12,647,472,650 |
10,560,204,266 |
19,278,591,306 |
|
Net Income |
-37,066,856,378 |
-42,684,412,540 |
55,336,678,693 |
|
Cash Flows |
|||
|
Unit : Korean Won |
01/01/2015~06/30/2015 |
As of 12/31/2014 |
As of 12/31/2013 |
|
Operating Activities Cash Flows |
-9,293,914,962 |
7,482,861,636 |
88,824,097,982 |
|
Cash
Flows from Operating |
-17,821,276,311 |
73,092,638,407 |
124,622,565,355 |
|
Net
Income |
-37,066,856,378 |
-42,684,412,540 |
55,336,678,693 |
|
Adjustment |
26,769,812,736 |
140,210,841,889 |
72,654,068,135 |
|
Changes in
Asset/ & Liability |
-7,524,232,669 |
-24,433,790,942 |
-3,368,181,473 |
|
Interests
Received |
210,446,909 |
930,653,652 |
365,227,668 |
|
Interests
Paid |
-11,095,268,747 |
-25,716,360,708 |
-19,609,170,228 |
|
Dividends
Received |
943,425,361 |
757,866,200 |
3,784,331,000 |
|
Income
Taxes |
18,468,757,826 |
-41,581,935,915 |
-20,338,855,813 |
|
Cash
Flows from Investing |
-15,180,550,157 |
-64,569,362,390 |
-67,161,230,951 |
|
Cash
Flows from Financing |
-2,506,001,798 |
45,146,924,658 |
5,991,038,788 |
|
Increase/Decrease
in Cash |
-26,980,466,917 |
-11,939,576,096 |
27,653,905,819 |
|
Cash
at the Beginning of Year |
40,811,198,656 |
52,750,774,752 |
25,096,868,933 |
|
Cash
at the End of Year |
13,830,731,739 |
40,811,198,656 |
52,750,774,752 |
|
Main Products & Services |
Sales and Agency Business of Petrochemical,
Business of Ship Sales and Chartered Ship Petrochemical Business Shipping Business |
|
Detailed Products Spec. |
|
|
Technologies Acquired |
|
|
Suppliers |
|
|
Customers |
YEOCHUN NCC CO., LTD.(110111-1839096) LG CHEM LTD.(110111-2207995) HONAM PETRO CHEMICAL
CORPORATION(110111-0193196) MITSUI & CO., LTD. CARGILL INTERNATIONAL TRADING PTE LTD DAELIM YIBIANSHI(SHANGHAI)TRADING CO.,LTD. GLENCORE SINGAPORE TRAMMOCHEM ASIA PTE LTD MARUBENI CORPORATION |
|
Competitors |
COGNIS KOREA LTD. 5TH FL., GANGNAM METRO BLDG., 1339-9,
SEOCHO 2-DONG, SEOCHO-GU, SEOUL, KOREA TEL:+82-2-3489-7600 FAX:+82-2-584-7603 NAMDUCK MOOLSAN CO., LTD. RM. 1014, YEOUIDO DEPT. STORE, 36-2,
YEOUIDO-DONG, YEONGDEUNGPO-GU, SEOUL, KOREA TEL:+82-2-3774-0900 FAX:+82-2-3774-0901 KOWON CO., LTD. 7TH FL., GOWON BLDG., 20-19, YANGJAE
1-DONG, SEOCHO-GU, SEOUL, KOREA TEL:+82-2-578-6181 FAX:+82-2-578-6692 |
|
Affiliates-Domestic |
DAELIM INDUSTRIAL CO., LTD.(110111-0084915) KOREA DEVELOPMENT
CORPORATION(110111-0052037) SAMHO CO., LTD.(180111-0434372) WEB-TECH CORP.(110111-1799406) ORA RESORT CO., LTD.(220111-0001536) DAELIM MOTOR CO., LTD.(110111-0227359) DAELIM CONCRETE PROCUCTS CO.,
LTD.(110111-0061228) ECO SULIHALL CO., LTD.(115611-0045657) MANWOLSAN TUNNEL CO., LTD.(120111-0144444) YOUNGCHEON SANGJU HIGHWAY CO.,
LTD.(110111-3581520) SUDOKWON SEOBU HIGHWAY CO.,
LTD.(135111-0082770) GIMHAE DONGSEO TUNNEL CO.,
LTD.(195511-0106752) SONGDO POWER CO., LTD.(110111-3936189) GREEN TECHNOLOGY DEVELOPMENT CO.,
LTD.(284411-0050771) DAELIM ENERGY CO., LTD.(284411-0075258) (30.00% held by the subject company) |
|
Affiliates-Overseas |
DAELIM PHILIPPINES, INC(PHILIPPINES) INTEGRATED ENGINEERING LTD.(MALAYSIA) PT. DAELIM UTAMA CONSTRUCTION(INDONESIA) DAELIM MALAYSIA, SDN. BHD.(MALAYSIA) DAELIM SAUDI ARABIA CO.,LTD(SAUDI ARABIA) DAELIM(SHANGHAI) INTERNATIONAL TRADING CO.,
LTD.(CHINA) DAELIM VIETNAM LTD.(VIETNAM) DAELIM(NAMKYUNG) CONSTRUCTION CO.,
LTD.(CHINA) HHVC SHIPPING PTE.LTD.(SINGAPORE) (50.0% held by the subject company) WBLC SHIPPING PTE.LTD.(SINGAPORE) (50.0% held by the subject company) |
|
Overseas Office |
DAELIM CORP. SHANGHAI OFFICE 1708 TOWER B CITY CENTER OF SHANGHAI NO.100
ZUNYI RD., SHANGHAI,200051 TEL:+86-21-6237-0099 FAX:+86-21-6237-0019 DAELIM CORP. GUANGZHOU OFFICE RM 2112, CITIC PLAZA, TIANHE NORTH
RD(E),GUANGZHOU, P.R.C TEL:+86-20-3877-3455 FAX:+86-20-3877-3805 DAELIM CORP. HOCHIMINH OFFICE 8F OSIC BUILDING 8 NGUYEN HUE STREET,
DISTRICT 1, HOCHIMINH CITY, VIETNAM TEL:+84-8-822-8683 FAX:+84-8-822-8685 DAELIM CORP. SINGAPORE BRANCH ADDRESS : 10 HOE CHIANG ROAD #04-07 KEPPEL
TOWERS SINGAPORE 089315 TEL:+65-6327-9330 FAX:+65-6327-9350 |
|
Liaison Office |
|
|
Overseas Branch |
|
|
Joint Venture |
|
|
Subsidiary |
DAELIM VIETNAM LTD. (100.0% held by the subject company) DAELIM YIBIANSHI(SHANGHAI) TRADING CO., LTD. (100.0% held by the subject company) |
|
Corporate Ownership |
|
|
Major Shareholders |
|
|
Cooperative Enterprise |
-Insured Company SAMSUNG FIRE & MARINE INSURANCE CO., LTD(110111-0005078) HYUNDAI MARINE & FIRE INSURANCE CO., LTD.(110111-0035893) |
|
Sales/ Unit :Mil KRW |
06/2015 |
2014 |
2013 |
|
Export |
665,826 |
1,636,446 |
|
|
Domestic |
580,648 |
1,910,729 |
|
|
Total |
1,246,474 |
3,547,175 |
|
The Subject deals
with the companies in Singapore, China, and Vietnam.
No.
-------
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.66.39 |
|
|
1 |
Rs.102.59 |
|
Euro |
1 |
Rs.74.90 |
INFORMATION DETAILS
|
Analysis Done by
: |
KAR |
|
|
|
|
Report Prepared
by : |
TPT |
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.