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Report No. : |
342533 |
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Report Date : |
26.09.2015 |
IDENTIFICATION DETAILS
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Name : |
AVANTRON MICRO CO., LTD. |
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Registered Office : |
No.6, Long-Hsiang 1st Rd., Su-Ao Township,
Yilan County 27051 |
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Country : |
Taiwan |
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Date of Incorporation : |
05.02.2009 |
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Com. Reg. No.: |
24350913 |
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Legal Form : |
Joint Stock Company |
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Line of Business : |
Manufacturing and Sales of Machinery for
Processing of Feed. |
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No. of Employees : |
About 80 Employees |
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 – March 31, 2015
|
Country Name |
Previous Rating (31.12.2014) |
Current Rating (31.03.2015) |
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Taiwan |
A1 |
A1 |
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Risk Category |
ECGC
Classification |
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Insignificant |
A1 |
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Low |
A2 |
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Moderate |
B1 |
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High |
B2 |
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Very High |
C1 |
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Restricted |
C2 |
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Off-credit |
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. 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, follow-on components of the ECFA, including a signed agreement on trade in services and negotiations on trade in goods and dispute resolution, have stalled. In early 2014, the government bowed to public demand and proposed 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 nearly 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 fifth largest, behind those of China, Japan, Saudi Arabia, and Switzerland. 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 (MOU) 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 Taiwan’s 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 decent 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.6,
Long-Hsiang 1st Rd., Su-Ao Township, Yilan County 27051, Taiwan |
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Supplied Address: |
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Telephone Number: |
+886-3-990-2701 |
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Fax Number: |
+886-3-990-5638 |
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E-mail: |
Notes: The exact name and address are as above.
Subject was incorporated
on 2009-2-5 with registered number 24350913 as Joint Stock Company in Taiwan.
Change of Name
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Former Chinese Name: |
詠創企業股份有限公司 |
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Current Chinese Name: |
詠創精密股份有限公司 |
Factory
|
Address: |
No.6, Long-Hsiang 1st Rd., Su-Ao Township, Yilan County 27051, Taiwan |
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Date of Registration: |
2011-4-15 |
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Factory Registration Number: |
02000019 |
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Factory Manager: |
Peici Zhang |
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Status: |
In Production |
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Date of Last Annual Return: |
2011-12-8 |
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Major Products: |
292 other special-purpose mechanical device 293 general machinery |
Major Shareholders
|
Name |
Subscription Shares |
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Peici Zhang |
1,183,989 |
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Baoyu Lai |
1,022,137 |
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Shouting Zhang |
1,696,70 |
Core Management
Directors
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1 |
||
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Name |
Peici Zhang |
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Position |
Board Chairman |
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2 |
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Name |
Baoyu Lai |
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Position |
Director |
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3 |
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Name |
Jingqiu Gao |
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Position |
Director |
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4 |
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Name |
Shouting Zhang |
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Position |
Supervisor |
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Personnel Structure
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Total Employees |
About 80 Employees |
Offices & Factories
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Headquarters |
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Add |
No.6, Long-Hsiang 1st Rd., Su-Ao Township, Yilan County 27051,
Taiwan |
Production Information
Subject is engaged in manufacturing of machinery for processing of feed and etc.
Subject has a factory in Yilan County, Taiwan for production.
It is introduced that subject has obtained ISO
9001 certification.
Purchase Information
The registered activities of subject:
|
Business Code |
Details |
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A102020 |
Agricultural products preparations |
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C103050 |
Manufacturing of can, frozen, dehydration and pickled food |
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C104020 |
Manufacturing of baked, steamed food |
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C105010 |
Manufacturing of edible fat and oil |
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C106010 |
Mill industry |
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C109010 |
Manufacturing of condiment |
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C199010 |
Manufacturing of noodle and vermicelli |
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C199040 |
Manufacturing of beans’ processed foods |
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C201010 |
Manufacturing of feed |
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CB01010 |
Manufacturing of machines |
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CB01990 |
Manufacturing of other machines |
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E603050 |
automatic control equipment engineering |
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F101120 |
Wholesale of aquarium fish |
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F101130 |
Wholesale of vegetables and fruits |
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F101990 |
Wholesale of other agricultural, animal and aquatic products |
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F102020 |
Wholesale of edible fat and oil |
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F102050 |
Wholesale of tea |
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F102170 |
Wholesale of groceries |
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F103010 |
Wholesale of feed |
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F104110 |
Wholesale of textile, garment, shoes, umbrella and accessories |
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F106010 |
Wholesale of hardware |
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F106050 |
Wholesale of glass-ceramic ware |
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F113010 |
Wholesale of machinery |
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F113020 |
Wholesale of electric appliance |
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F113100 |
Wholesale of pollution-prevention equipment |
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F113990 |
Wholesale of other mechanical appliance |
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F201090 |
Retail of aquarium fish |
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F201990 |
Retail of other agricultural, animal and aquatic products |
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F202010 |
Retail of feed |
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F203010 |
Retail of grocery and beverage |
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F204110 |
Retail of textile, garment, shoes, umbrella and accessories |
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F206010 |
Retail of hardware |
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F213010 |
Retail of electric appliance |
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F213080 |
Retail of mechanical appliance |
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F213100 |
Retail of pollution-prevention equipment |
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F213990 |
Retail of other mechanical appliance |
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F401010 |
International trade business |
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I101070 |
consultancy service of the industries of agricultural, forest,
fishery, animal |
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I101090 |
Food consultancy service |
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F114010 |
Wholesale of automobile |
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F214010 |
Retail of automobile |
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F114020 |
Wholesale of haulage motor |
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F214020 |
Retail of haulage motor |
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F114030 |
Wholesale of the components of automobile and motor |
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F214030 |
Retail of the components of automobile and motor |
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F114050 |
Wholesale of tyres |
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F214050 |
Retail of tyres |
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ZZ99999 |
Besides licensed business, all other business items those are not
banned or restricted. |
It is introduced that subject purchases its components and etc mainly in
domestic market.
Subject is engaged in sale of machinery for processing of feed and etc.
The major products include grinding,
pulverizing, crumbling, sieving, cleaning, extrusion, expanding, mixing,
coating, drying, cooling, pelleting, weighing, dust collect, conveying, etc.
Subject’s selling territory covers China, Thailand,
Indonesia, Vietnam, India, Malaysia, Bangladesh, Philippines Iran, Japan, South
Korea, Russia and other European countries, etc.
Subject’s major customers are manufacturers of pet food, feed and etc.
It is introduced that subject’s products are applied to processing of
shrimp feed, fish feed, pet food, poultry feed, extruded corn and soybean, textured
soy protein and biomass pellets.
It is introduced that subject has many customers such as “Japfa”, “Uni-President”, “Cargill”, “Skretting”,
“Harorrash”, “Higashimara”, “Roby Rose” and etc
Import and export right:
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Import right |
Yes |
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Export right |
Yes |
Purchase
Domestic Purchase
|
Products |
Components and etc |
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Payment Terms |
Cash, T/T, etc |
Import
Subject has little import.
Sales
Domestic Markets
|
Product |
Machinery for processing of feed and etc. |
|
Selling Terms |
Cash, T/T, etc |
Export
|
Product |
Machinery for processing of feed and 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 Ms. You 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
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1 |
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Case Type: |
Chattel Mortgage |
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File No.: |
105264 |
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Debtor Name: |
Avantron Micro Co., Ltd. |
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Document Number: |
10130300670 |
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Date of Registration: |
2012-1-5 |
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2 |
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Case Type: |
Chattel Mortgage |
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File No.: |
106939 |
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Debtor Name: |
Avantron Micro Co., Ltd. |
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Document Number: |
10130361250 |
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Date of Registration: |
2012-11-30 |
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3 |
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Case Type: |
Conditional Sale |
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File No.: |
040771 |
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Debtor Name: |
Avantron Micro Co., Ltd. |
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Document Number: |
10231347800 |
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Date of Registration: |
2013-8-26 |
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Date of Alteration: |
2014-5-1 |
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4 |
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Case Type: |
Chattel Mortgage |
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File No.: |
110269 |
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Debtor Name: |
Avantron Micro Co., Ltd. |
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Document Number: |
10331047920 |
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Date of Registration: |
2014-8-19 |
Lawsuit
Up to date of reporting, no existing or latent
litigation of the subject has been found.
Interview Details
|
Name |
Ms. You |
|
Department |
Sales Department |
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.66.10 |
|
|
1 |
Rs.100.89 |
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Euro |
1 |
Rs.73.96 |
INFORMATION DETAILS
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Analysis Done by
: |
KAR |
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Report Prepared
by : |
NIT |
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 |
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41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
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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 |
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<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%)
This report is issued at your request without any
risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL) or
its officials.