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MIRA
INFORM REPORT
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Report No. : |
506861 |
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Report Date : |
28.04.2018 |
IDENTIFICATION DETAILS
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Name : |
SONHA SSP VIETNAM SOLE MEMBER CO LTD |
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Registered Office : |
Lot Cn1 Tu Liem Industrial Group Minh Khai Ward, Bac Tu Liem, |
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Country : |
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Financials (as on) : |
2015 |
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Date of Incorporation : |
08.09.2015 |
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Com. Reg. No.: |
0106980045 |
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Legal Form : |
Private Company with Limited Liability |
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Line of Business : |
Wholesale of Hardware, Plumbing and Heating
Equipment and Supplies |
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No. of Employees : |
500 [2017] |
RATING & COMMENTS
(Mira Inform has adopted New Rating mechanism w.e.f. 23rd
January 2017)
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MIRA’s Rating : |
A |
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Credit Rating |
Explanation |
Rating Comments |
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A |
Acceptable Risk |
Business dealings permissible with
moderate risk of default |
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Status : |
Satisfactory |
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Payment Behaviour : |
No Complaints |
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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
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Country Name |
Previous Rating (30.09.2017) |
Current Rating (31.12.2017) |
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A2 |
A2 |
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Risk Category |
ECGC
Classification |
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Insignificant |
A1 |
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Low Risk |
A2 |
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Moderately Low Risk |
B1 |
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Moderate Risk |
B2 |
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Moderately High Risk |
C1 |
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High Risk |
C2 |
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Very High Risk |
D |
To continue its trajectory of strong economic growth, the
government acknowledges the need to spark a second wave’ of reforms, including
reforming state-owned-enterprises, reducing red tape, increasing business
sector transparency, reducing the level of non-performing loans in the banking
sector, and increasing financial sector transparency.
In 2016,
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Source
: CIA |
Company name and Summary
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Business
Name |
SONHA
SSP |
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Country |
VIET
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Company
Registration Number |
0106980045 |
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Main
Activity Code |
4674 |
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Main
Activity Description |
Wholesale
of hardware, plumbing and heating equipment and supplies |
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Company
Status |
|
|
Latest
Turnover Figure |
- |
Basic Information
|
Business
Name |
SONHA
SSP |
|
Registered
Company Name |
SONHA
SSP VIETNAM SOLE MEMBER CO LTD |
|
Company
Registration Number |
0106980045 |
|
Country |
VIET
|
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VAT
Registration Number |
0106980045 |
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Date
of Company Registration |
2015-09-08 |
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Date
of Starting Operations |
2015-09-08 |
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Legal
Form |
Private
Company with Limited Liability |
|
Company
Status |
|
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Contact
Telephone Number |
[+84]
4-62656566 |
Main Address
|
Address |
Country |
Telephone |
|
Lot
CN1 Tu Liem Industrial Group Minh Khai Ward, Bac Tu Liem, |
VIET
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[+84]
4-62656566 |
Other Address
No
other addresses for this company.
Previous Address
No
previous addresses for this company.
Activities
|
Activity Code Activity
Description |
|
4674 Wholesale of hardware, plumbing and heating equipment and supplies |
Email Addresses
No
email for this company.
Web Pages
No web
pages for this company.
Employee Information
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Date Reported Number of Employees |
|
2017 500 |
Banker Information
|
Banker
Name |
Banker
Address |
Phone
Number |
|
JOINT STOCK COMMERCIAL BANK FOR INVESTMENT & DEVELOPMENT OF |
198
Nguyen Tuan, Thanh Xuan, |
BIDVVNVX |
Advisors Information
No
advisor information for this company.
Miscellaneous Information
|
Fax
Number |
[+84]
4-62656588 |
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Export
Countries |
Asia
/ Pacific, Middle-East, |
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Import
Countries |
Asia
/ |
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Additional
Business Information |
Core Business: The primary business focus of SONHA SSP
VIETNAM SOLE MEMBER CO LTD is Manufacturing - Finished products. Key products
include: Inox products, Steel water tanks. An integral part of the core
business includes: Distribution. Supplementary Business: In addition to the
core business, SONHA SSP VIETNAM SOLE MEMBER CO LTD also is engaged in the
following areas of business: 1. Exporting, Exporting - Finished products. 2. Importing,
Importing - Raw materials. |
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Additional
Payment Information |
Selling, Type, Terms, Local, Cash on delivery (COD),
Credit - Unsecured 30~60 days, Export,
Telegraphic Transfer (T/T) - Received at time of transaction, Letter
of Credit (At-sight). Purchasing, Type Terms,
Import; Letter of Credit (At-sight), Telegraphic Transfer (T/T) -
Executed at time of transaction. Local; Credit - Unsecured 30~60 days,
Cash on delivery (COD). |
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Additional
Financial Information |
Financial statement were prepared as at 2015-12-01.
Based on the corporate laws of |
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Number
of Employees at Address |
500 |
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Number
of Employees at Group |
|
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Number
of Employees at Factory |
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Additional Miscellaneous Information
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Primary
Business Activity |
Manufacturer |
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Key
Industry |
Metals
& Metal Products |
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Issuing
Authority |
DEPARTMENT
OF PLANNING & INVESTMENT - Hanoi |
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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. |
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Domestic
Sales & Purchases |
Annual
Sales Analysis; Percentage, Domestic Sales; 80% International Sales
(Export); 20% Annual Purchases Analysis; Percentage, Local
Purchases: 70% Imports: 30% |
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Reputation |
Although SONHA SSP VIETNAM SOLE
MEMBER CO LTD has been recently incorporated, it is owned by SONHA INTERNATIONAL CORP which is a Public Listed Company in Vietnam
and maintains a good reputation
within their industry. |
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Nega-Scan
- Adverse Data Monitoring |
Dishonored
Checks, Debt, Civil Litigation, Performance Defaults, Adverse Local Media
Coverage / Adverse Filing History: No Record Found. |
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Bank
Details |
Bank Name: JOINT STOCK COMMERCIAL BANK FOR INVESTMENT & DEVELOPMENT OF VIETNAM, Global Identifier: 32400483, Branch: JOINT STOCK COMMERCIAL BANK FOR INVESTMENT AND DEVELOPMENT
OF VIETNAM, HOAI DUC, Branch
Address: Hoai Duc, SWIFT Code: BIDVVNVX. Bank Name: MILITARY COMMERCIAL JOINT STOCK BANK, Global Identifier:
P0387295, Branch: MILITARY COMMERCIAL JOINT STOCK BANK - DONG DA, HANOI,
Branch Address: Dong Da, Hanoi, SWIFT Code: MSCBVNVX. Bank Name: VIETNAM PROSPERITY JOINT STOCK COMMERCIAL BANK, Global Identifier: P1854843, SWIFT Code: VPBKVNVX, Bank Name: VIETNAM PUBLIC
COMMERCIAL JOINT STOCK BANK, Global Identifier: P2963938, Branch: VIETNAM PUBLIC COMMERCIAL JOINT STOCK BANK - BAC NINH, BAC NINH, Branch Address: Bac Ninh, Bac Ninh, SWIFT Code: This bank does not
have a SWIFT Code. |
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Shareholders |
Total
number of shareholders: 1, Total number of shares: n/a. |
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Approved
Signatures |
The Company Director/s listed below
maintain the legal
right to sign
on behalf of the company: Name: Mr. Son Vinh Le. |
Financials
|
Financial
Year |
2015 |
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Number
of Weeks |
52 |
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Currency |
VND |
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Consolidated
Accounts |
No |
Profit and Loss
|
Revenue |
157.671.000.000 |
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Operating
Costs |
156.506.000.000 |
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Operating
Profit |
1.165.000.000 |
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Wages
& Salaries |
- |
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Pension
Costs |
- |
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Depreciation |
- |
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Amortisation |
- |
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Financial
Income |
148.000.000 |
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Financial
Expenses |
943.000.000 |
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Extraordinary
Income |
32.000.000 |
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Extraordinary
Costs |
48.000.000 |
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Profit
before Tax |
354.000.000 |
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Tax |
92.000.000 |
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Profit
after Tax |
262.000.000 |
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Dividends |
- |
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Minority
Interests |
- |
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Other
Appropriations |
- |
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Retained
Profit |
262.000.000 |
Balance Sheet
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Land
& Buildings |
0 |
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Plant
& Machinery |
0 |
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Other
Tangible Assets |
62.717.000.000 |
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Total
Tangible Assets |
62.717.000.000 |
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Goodwill |
0 |
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Other
Intangible Assets |
83.000.000 |
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Total
Intangible Assets |
83.000.000 |
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Investments |
0 |
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Loans
to Group |
0 |
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Other
Loans |
0 |
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Miscellaneous
Fixed Assets |
2.363.000.000 |
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Total
Other Fixed Assets |
2.363.000.000 |
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Total
Fixed Assets |
65.163.000.000 |
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Raw
Materials |
0 |
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Work
in Progress |
0 |
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Finished
Goods |
0 |
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Other
Inventories |
0 |
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Total
Inventories |
174.647.000.000 |
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Trade
Receivables |
76.067.000.000 |
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Group
Receivables |
0 |
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Receivables
Due after 1 year |
0 |
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Miscellaneous
Receivables |
0 |
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Total
Receivables |
76.067.000.000 |
|
Cash |
3.815.000.000 |
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Other
Current Assets |
23.072.000.000 |
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Total
Current Assets |
277.601.000.000 |
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Total
Assets |
342.764.000.000 |
|
Trade
Payables |
259.289.000.000 |
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Bank
Liabilities |
0 |
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Other
Loans or Finance |
0 |
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Group
Payables |
0 |
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Miscellaneous
Liabilities |
3.213.000.000 |
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Total
Current Liabilities |
262.502.000.000 |
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Trade
Payables After 1 Year |
0 |
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Bank
Liabilities After 1 Year |
0 |
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Other
Loans or Finance due after 1 year |
0 |
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Group
Payables After 1 Year |
0 |
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Miscellaneous
Liabilities Due After 1 Year |
0 |
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Total
Long Term Liabilities |
0 |
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Total
Liabilities |
262.502.000.000 |
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Called
Up Share Capital |
80.000.000.000 |
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Share
Premium |
0 |
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Revenue
Reserves |
0 |
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Other
Reserves |
262.000.000 |
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Total
Shareholders Equity |
80.262.000.000 |
Other Financials
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Working Capital 15.099.000.000 |
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Net Worth 80.179.000.000 |
Ratios
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Pre
Tax Profit Margin |
0.22 |
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Return
On Total Assets Employed |
0.1 |
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Return
On Net Assets Employed |
0.44 |
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Sales
/ Net Working Capital |
10.44 |
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Stock
Turnover Ratio |
110.77 |
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Debtor
Days |
176.09 |
|
Creditor
Days |
600.24 |
|
Current
Ratio |
1.06 |
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Liquidity
Ratio Or Acid Test |
0.39 |
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Current
Debt Ratio |
3.27 |
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Equity
In Percentage |
23.42 |
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Total
Debt Ratio |
3.27 |
Current Directors
|
Name |
Gender |
Position |
|
Son
Vinh Le |
Male |
Chairman
Director |
|
Hung
Quang Dam |
Male |
Managing
Director Director |
|
Quang
Tien Nguyen |
Male |
Vice
Director |
Previous Directors
No previous
directors for this company.
Share Capital Structure
|
Nominal Share Capital 80.000.000.000 |
|
Issued Share Capital 80.000.000.000 |
Shareholders
|
Shareholder |
Address |
%
Shares Held |
|
SONHA
INTERNATIONAL CORP |
Vietnam |
100 |
Ultimate Holding Parent
No
Ultimate Holding Parent for this company.
Immediate Holding Parent
|
Name |
Status |
|
SONHA
INTERNATIONAL CORP |
Active |
Subsidaries
No
subsidaries for this company.
Affiliates
No
affiliates for this company.
Negative Information
No
negative information for this company
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
INR 66.78 |
|
|
1 |
INR 92.89 |
|
Euro |
1 |
INR 80.74 |
|
VND |
1 |
INR 0.0029 |
Note :
Above are approximate rates obtained from sources believed to be correct
INFORMATION DETAILS
|
Analysis Done by
: |
VIV |
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Report Prepared
by : |
SYL |
RATING EXPLANATIONS
|
Credit Rating |
Explanation |
Rating Comments |
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A++ |
Minimum Risk |
Business dealings permissible with minimum
risk of default |
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A+ |
Low Risk |
Business dealings permissible with low
risk of default |
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A |
Acceptable Risk |
Business dealings permissible with
moderate risk of default |
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B |
Medium Risk |
Business dealings permissible on a regular
monitoring basis |
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C |
Medium High Risk |
Business dealings permissible preferably
on secured basis |
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D |
High Risk |
Business dealing not recommended or on
secured terms only |
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NB |
New Business |
No recommendation can be done due to
business in infancy stage |
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NT |
No Trace |
No recommendation can be done as the
business is not traceable |
NB is stated where there is insufficient information to facilitate rating. However, it is not to be considered as unfavourable.
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 are as follows:
·
Financial
condition covering various ratios
·
Company
background and operations size
·
Promoters
/ Management background
·
Payment
record
·
Litigation
against the subject
·
Industry
scenario / competitor analysis
·
Supplier
/ Customer / Banker review (wherever available)
This report is issued at
your request without any risk and responsibility on the part of MIRA INFORM
PRIVATE LIMITED (MIPL) or its officials.