|
|
|
MIRA INFORM REPORT
|
Report No. : |
488117 |
|
Report Date : |
01.02.2018 |
IDENTIFICATION DETAILS
|
Name : |
HYOSUNG VIETNAM CO LTD |
|
|
|
|
Registered Office : |
Nhon Trach 5 Industrial Zone Hiep Phuoc Commune Rd 2, Nhon Trach Dist, Bien Hoa, Dong Nai |
|
|
|
|
Country : |
Vietnam |
|
|
|
|
Financials (as on) : |
December 2016 |
|
|
|
|
Date of Incorporation : |
28.05.2007 |
|
|
|
|
Com. Reg. No.: |
3600890952 |
|
|
|
|
Legal Form : |
Private Company with Limited Liability |
|
|
|
|
Line of Business : |
· Manufacture of other wearing apparel and accessories · Manufacture of plastics in primary forms |
|
|
|
|
No. of Employees : |
5000 [2018] |
RATING & COMMENTS
(Mira Inform has adopted New Rating mechanism w.e.f. 23rd
January 2017)
|
MIRA’s Rating : |
A+ |
|
Credit Rating |
Explanation |
Rating Comments |
|
A+ |
Low Risk |
Business dealings permissible with low
risk of default |
|
Status : |
Good |
|
|
|
|
Payment Behaviour : |
Regular |
|
|
|
|
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
|
Country Name |
Previous Rating (30.06.2017) |
Current Rating (30.09.2017) |
|
Vietnam |
A2 |
A2 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low Risk |
A2 |
|
Moderately Low Risk |
B1 |
|
Moderate Risk |
B2 |
|
Moderately High Risk |
C1 |
|
High Risk |
C2 |
|
Very High Risk |
D |
VIETNAM - ECONOMIC OVERVIEW
Vietnam is a densely populated developing country that has been transitioning
from the rigidities of a centrally planned, highly agrarian economy since 1986
to a more industrial and market based economy, raising incomes substantially.
In 2016 and 2017, Vietnam missed its yearly growth target of 6.7% due to
environmental issues – drought and salinization - impacting the agricultural
sector, and low oil prices affecting the extractive sector. However, annual GDP
growth reached 6.3%, reflecting strengthening domestic demand and strong
manufacturing exports.
Vietnam has a young population, stable political system, commitment to
sustainable growth, relatively low inflation, stable currency, strong FDI
inflows, and strong manufacturing sector. In addition, the country is committed
to continuing its global economic integration. Vietnam joined the WTO in
January 2007 and concluded several free trade agreements in 2015-16, including
the EU-Vietnam Free Trade Agreement, the Korean Free Trade Agreement, and the
Eurasian Economic Union Free Trade Agreement.
However, 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. Vietnam has demonstrated
a commitment to sustainable growth over the last several years, but a recent
slowdown in economic growth could test the government’s resolve.
In 2016, Vietnam cancelled its civilian nuclear energy development
program, citing public concerns about safety and the high cost of the program,
and is facing growing pressure on energy infrastructure. Overall, the country’s
infrastructure fails to meet the needs of an expanding middle class. As the
2017 Asia-Pacific Economic Cooperation (APEC) chair, Vietnam lead the dialogue
on key APEC priorities such as inclusive growth, innovation, food security and
climate change.
|
Source
: CIA |
Company
Summary
|
|
|
Business Name |
HYOSUNG VIETNAM CO LTD |
|
Country |
VIET NAM |
|
Company Registration
Number |
3600890952 |
|
Main Activity Code |
1419 |
|
Main Activity
Description |
Manufacture of other wearing apparel and accessories |
|
Company Status |
Normal (Active) |
|
Latest Turnover Figure |
21.635.051.000.000 |
|
Latest Shareholder
Equity Figure |
6.991.567.000.000 |
Basic
Information
|
|
|
Business Name |
HYOSUNG VIETNAM CO LTD |
|
Registered Company Name |
HYOSUNG VIETNAM CO LTD |
|
Company Registration
Number |
3600890952 |
|
Country |
VIET NAM |
|
VAT Registration Number |
3600890952 |
|
VAT Registration Date |
2007-05-28 |
|
Date of Company
Registration |
2016-03-04 |
|
Date of Starting
Operations |
2016-03-04 |
|
Commercial Court |
|
|
Legal Form |
Private Company with Limited Liability |
|
Type of Ownership |
Registered ownership by a related third party |
|
Company Status |
Normal (Active) |
|
Principal Activity Code |
|
|
Principal Activity
Description |
|
|
Contact Telephone
Number |
[+84] 251-3566100, [+84] 251-3566000, [+84] 251-3560231, [+84]
251-3569447, [+84] 251-3569446, [+84] 251-3569445, [+84] 251-3569472 |
Main
Address
|
||
|
Address |
Country |
Telephone |
|
Nhon Trach 5 Industrial Zone Hiep Phuoc Commune Rd 2, Nhon Trach Dist, Bien Hoa, Dong Nai |
VIET NAM |
[+84] 251-3566100, [+84] 251-3566000, [+84] 251-3560231, [+84]
251-3569447, [+84] 251-3569446, [+84] 251-3569445, [+84] 251-3569472 |
Other
Address
|
||
|
Address |
Country |
Telephone |
|
Nhon Trach 5 Industrial Zone Hiep Phuoc Commune Rd 2, Nhon Trach Dist, Bien
Hoa, Dong Nai |
VIET NAM |
|
Previous
Address
|
|
Address
Country |
|
65 Nguyen Du St Ben Nghe Ward, District 1, Ho Chi
Minh VIET NAM |
Activities
|
|
|
Activity Code |
Activity Description |
|
1419 |
Manufacture of other wearing apparel and accessories |
|
2016 |
Manufacture of plastics in primary forms |
Email
Addresses
|
Web
Pages
|
Employee
Information
|
|
Date Reported Number of Employees |
|
2018 5000 |
Banker
Information
|
|
Banker Name Banker
Address Phone Number |
|
HANA BANK HNBN |
Advisors
Information
|
|
No advisor information for this company. |
Miscellaneous
Information
|
|
|
Fax Number |
[+84] 251-3569447, [+84] 251-3569448, [+84] 251-3569229, [+84] 215-3569455,
[+84] 251-3484571, [+84] 251-3569228, [+84] 251-3569227, [+84] 251-3569299, [+84] 251-3569230 |
|
Export Countries |
Asia / Pacific, Europe, North America, Korea, South (Republic of
Korea), USA. |
|
Import Countries |
Asia / Pacific, Europe, China, Germany, Italy, Korea, South (Republic
of Korea). |
|
Additional Business
Information |
Core Business: The primary
business focus of HYOSUNG VIETNAM CO
LTD is Manufacturing - Finished products. Key products include: Fabric, Fibers,
Garments, Industrial material, Polyester, Spandex, Steel cord, Tire cords. An
integral part of the core business includes: Distribution. Supplementary
Business: In addition to the core business, HYOSUNG VIETNAM CO LTD also is
engaged in the following areas of business: Exporting, Exporting - Finished
products. Importing, Importing - Raw materials. |
|
Additional Rating
Information |
High Credit Qulaity: Credit can proceed with favorable &
flexible financing terms.
Proposed Credit Limit:
USD $50,000,000; Revision of Credit Limit: Annual; Risk Index:
Low. |
|
Additional Payment
Information |
Selling Type: Local
Terms: Cash on delivery (COD),
Credit - Secured with Post-dated checks
30~60 days. Export: Telegraphic Transfer (T/T) - Received at time of transaction, Letter
of Credit (At-sight). Purchasing Type: Import Terms:
Letter of Credit
(At-sight), Telegraphic Transfer (T/T) - Executed at time of transaction. Local: Credit
- Secured with
Post-dated checks 30~60
days, Cash on delivery (COD). |
|
Additional Financial
Information |
Financial Statements were prepared as at 31.12.16, 31.12.15 and
31.12.14. Financials - Summary: Year: Turnover: Assets: Net Income: 2008
Annual: 46,584,922; 281,728,287; -14,990,772; 2009 Annual: 200,775,560; 332,353,737; 16,733,847; 2010 Annual:
317,475,885; 542,781,426; 26,297,691; 2011 Annual: 530,069,083; 624,157,177; 10,774,700; 2012 Annual:
648,983,465; 772,854,731; 26,659,163; 2013 Annual: 820,855,279; 783,883,415; 55,553,585. The latest Financial
Summary of Direct Parent: HYOSUNG CORP: Year: Turnover: Assets: Net Income:
2017 3rd Qtr: 8,405,750,891; 13,634,504,337; 446,239,420. Based on
the corporate laws of Vietnam, legal entities which are a Private Company
with Limited Liability are not required to make public disclosure of their
annual financials. Although basic financials were obtained for reference. |
|
Number of Employees at
Address |
5000 |
|
Number of Employees at
Group |
|
|
Number of Employees at
Factory |
|
Additional
Miscellaneous Information
|
|
|
Primary Business
Activity |
Manufacturer. |
|
Key Industry |
Textiles & Raw Material. |
|
Issuing Authority |
DEPARTMENT OF PLANNING AND INVESTMENT - Dong Nai. |
|
Legal Form |
Company Limited. |
|
Legal Form –
Abbreviation |
CO LTD. |
|
Capital |
US$ 69400000. |
|
Note |
In Vietnam, when changes occur in the statutory of an existing company,
a new business license number is issued which links the new changes to a new
license number. Such changes have occurred with the Subject Business Entity. Accordingly,
there are two different "Dates of Registration", one being the original Date of Registration, and the other
being the most recent Date of issuance of the new License.
Details of the various previous License dates (if available) and the corresponding
License numbers, are listed in PREVIOUS BUSINESS LICENSE/S below. |
|
Tax / VAT Details |
Tax Issuing Authority:
MINISTRY OF FINANCE;
Local Name Used: Gia
Trj Gia Tang (Value Added Tax);
Acronym: GTGT / VAT. |
|
Previous Business License/S[License
Date: License No.] |
6 Mar, 2003: 1740/GP; 22 May, 2007: 472043000143; 28 Nov,
2007: 472023000143. |
|
Primary
Products[Products / Materials / Services Description:
Activity] |
Fabric, Fibers, Garments, Industrial material, Polyester: Manufacturing,
Exporting. |
|
Domestic Sales and
Purchases[Annual Domestic Sales: 10%; International Sales (Export):
90%. Local Purchases: 20%; Imports: 80%. Sales Analysis:
Percentage] |
|
|
Reputation |
Although HYOSUNG VIETNAM CO LTD has been recently incorporated, it is owned by HYOSUNG CORP which is a Public Listed Company in Korea, South
(Republic of Korea) and maintains a good reputation within their industry. |
|
Nega-Scan - Adverse
Data Monitoring |
Dishonored Checks, Debt, Civil Litigation, Performance Defaults,
Adverse Local Media Coverage / Adverse Filing History: No Record Found. |
|
Bank Details |
Bank Name: HSBC BANK (VIETNAM) LTD; Global
Identifier: 32403760; Branch Address: Metropolitan 235 Dong Khoi
Ben Nghe Ward, District 1, Ho Chi Minh;
SWIFT Code: HSBCVNVX. Bank Name: INDUSTRIAL BANK OF KOREA;
Global Identifier: P0079100; Branch: INDUSTRIAL BANK OF
KOREA HOCHIMINH CITY BRANCH - HANOI;
Branch Address: Hanoi; SWIFT Code: IBKOVNV1. Bank Name:
INDUSTRIAL BANK OF KOREA;
Global Identifier: P0079100;
Branch: INDUSTRIAL BANK OF KOREA
HOCHIMINH CITY BRANCH - HO CHI MINH; Branch
Address: Ho Chi Minh; SWIFT Code: IBKOVNV1.
Bank Name: JOINT STOCK COMMERCIAL BANK FOR
FOREIGN TRADE OF
VIETNAM; Global Identifier:
32400479; Branch: JOINT
STOCK COMMERCIAL BANK FOR
FOREIGN TRADE OF
VIETNAM - NHON TRACH;
Branch Address: NHON TRACH; SWIFT Code: BFTVVNVX.
Bank Name: KEXIM VIETNAM LEASING CO
LTD; Global Identifier: P0077624; SWIFT
Code: This bank does not have a SWIFT Code.
Bank Name: KOOKMIN BANK HO CHI
MINH CITY; Global Identifier:
P3315832; SWIFT Code: CZNBVNVX. Bank Name: SHINHAN BANK (VIETNAM)
LTD; Global Identifier: 32406827; SWIFT Code: SHBKVNVX. Bank Name: STANDARD CHARTERED BANK; Global Identifier: 32407088. Branch: STANDARD
CHARTERED BANK - HO CHI MINH; Branch Address: 10Fl Sai Gon Trade Center 37 Ton Duc Thang St,
District 1, Ho Chi Minh;
SWIFT Code: SCBLVNVX. Bank Name: VIETNAM
JOINT STOCK COMMERCIAL BANK FOR INDUSTRY & TRADE; Global Identifier:
32404058; Branch: VIETNAM JOINT
STOCK COMMERCIAL BANK FOR
INDUSTRY AND TRADE
- NHON TRACH DIST, DONG NAI; Branch Address: Nhon
Trach Dist, Dong Nai; SWIFT
Code: ICBVVNVX. Bank Name: WOORI BANK; Global
Identifier: P0271354; Branch: WOORI BANK - HO CHI MINH; Branch Address: Ho Chi Minh;
SWIFT Code: HVBKVN2X. Bank Name:
WOORI BANK; Global Identifier: P0271354; Branch: WOORI BANK - HANOI;
Branch Address: 34Fl Keangnam Hanoi Landmark Tower E6 Pham Hung Rd Me Tri Ward, Nam Tu
Liem, Hanoi; SWIFT Code: HVBKVN2X. |
|
Local Branches and
Management |
Branch: HYOSUNG VIETNAM CO
LTD - DISTRICT 1, HO CHI
MINH; Branch Address: 45A Ly
Tu Trong St Ben
Nghe Ward, District 1, Ho Chi Minh. |
|
International Trade -
Statistics[Year: Imports: Exports: Total] |
2008: n/a: 39,597,183: 39,597,183; 2009: n/a: 180,698,004:
180,698,004; 2010: n/a: 285,728,297: 285,728,297; 2011: n/a: 477,062,175: 477,062,175; 2012: n/a:
584,085,118: 584,085,118. |
|
Office and Facilities |
The following information relates to the Business Entity's office as
listed above: Name: HYOSUNG VIETNAM CO
LTD - NHON TRACH DIST, BIEN HOA; Primary Use: Office & Administration facilities ; Other Use: This facility is also used for Manufacturing;
Building Size: 600,467 Square meters; Address: Nhon Trach 5 Industrial Zone Hiep Phuoc Commune Rd 2, Nhon Trach Dist, Bien Hoa, Dong Nai;
Country: Vietnam; Status: Operational. |
Financials statement
|
Financial Year |
2016-12 |
2015-12 |
2014-12 |
|
Number of Weeks |
52 |
52 |
52 |
|
Currency |
VND |
VND |
VND |
|
Consolidated Accounts |
No |
No |
No |
|
Profit and Loss |
|||
|
Revenue |
21.593.693.000.000 |
22.323.755.000.000 |
20.899.796.000.000 |
|
Operating Costs |
15.920.999.000.000 |
16.246.155.000.000 |
15.939.642.000.000 |
|
Operating Profit |
5.672.694.000.000 |
6.077.600.000.000 |
4.960.154.000.000 |
|
Wages & Salaries |
- |
- |
- |
|
Pension Costs |
- |
- |
- |
|
Depreciation |
- |
- |
- |
|
Amortisation |
- |
- |
- |
|
Financial Income |
- |
- |
- |
|
Financial Expenses |
25.839.000.000 |
16.701.000.000 |
423.222.000.000 |
|
Extraordinary Income |
57.586.000.000 |
93.195.000.000 |
42.981.000.000 |
|
Extraordinary Costs |
2.631.235.000.000 |
2.865.996.000.000 |
2.252.159.000.000 |
|
Profit before Tax |
3.073.206.000.000 |
3.288.098.000.000 |
2.327.754.000.000 |
|
Tax |
233.967.000.000 |
365.102.000.000 |
177.255.000.000 |
|
Profit after Tax |
2.839.239.000.000 |
2.922.996.000.000 |
2.150.499.000.000 |
|
Dividends |
- |
- |
- |
|
Minority Interests |
- |
- |
- |
|
Other Appropriations |
- |
- |
- |
|
Retained Profit |
2.839.239.000.000 |
2.922.996.000.000 |
2.150.499.000.000 |
|
Balance Sheet |
|||
|
Land & Buildings |
0 |
0 |
0 |
|
Plant & Machinery |
0 |
0 |
0 |
|
Other Tangible Assets |
0 |
0 |
0 |
|
Total Tangible Assets |
9.693.789.000.000 |
10.726.912.000.000 |
11.595.769.000.000 |
|
Goodwill |
0 |
0 |
0 |
|
Other Intangible Assets |
0 |
0 |
0 |
|
Total Intangible Assets |
595.159.000.000 |
157.352.000.000 |
181.483.000.000 |
|
Investments |
0 |
0 |
0 |
|
Loans to Group |
0 |
0 |
0 |
|
Other Loans |
0 |
0 |
0 |
|
Miscellaneous Fixed
Assets |
411.661.000.000 |
1.735.529.000.000 |
1.186.249.000.000 |
|
Total Other Fixed
Assets |
411.661.000.000 |
1.735.529.000.000 |
1.186.249.000.000 |
|
Total Fixed Assets |
10.700.609.000.000 |
12.619.793.000.000 |
12.963.501.000.000 |
|
Raw Materials |
0 |
0 |
0 |
|
Work in Progress |
0 |
0 |
0 |
|
Finished Goods |
0 |
0 |
0 |
|
Other Inventories |
0 |
0 |
0 |
|
Total Inventories |
2.728.174.000.000 |
2.647.753.000.000 |
2.665.035.000.000 |
|
Trade Receivables |
3.920.225.000.000 |
3.952.376.000.000 |
173.134.000.000 |
|
Group Receivables |
0 |
0 |
0 |
|
Receivables Due after 1
year |
0 |
0 |
0 |
|
Miscellaneous
Receivables |
182.323.000.000 |
457.728.000.000 |
394.751.000.000 |
|
Total Receivables |
4.102.548.000.000 |
4.410.104.000.000 |
567.885.000.000 |
|
Cash |
154.635.000.000 |
145.292.000.000 |
619.002.000.000 |
|
Other Current Assets |
0 |
0 |
0 |
|
Total Current Assets |
6.985.357.000.000 |
7.203.149.000.000 |
3.851.922.000.000 |
|
Total Assets |
17.685.966.000.000 |
19.822.942.000.000 |
16.815.423.000.000 |
|
Trade Payables |
6.107.000.000 |
5.277.000.000 |
25.028.000.000 |
|
Bank Liabilities |
0 |
0 |
0 |
|
Other Loans or Finance |
6.989.436.000.000 |
9.155.895.000.000 |
3.714.013.000.000 |
|
Group Payables |
0 |
0 |
0 |
|
Miscellaneous
Liabilities |
2.689.188.000.000 |
2.767.806.000.000 |
3.462.141.000.000 |
|
Total Current
Liabilities |
9.684.731.000.000 |
11.928.978.000.000 |
7.201.182.000.000 |
|
Trade Payables After 1
Year |
0 |
0 |
0 |
|
Bank Liabilities After
1 Year |
0 |
0 |
0 |
|
Other Loans or Finance
due after 1 year |
1.008.199.000.000 |
1.038.702.000.000 |
4.620.835.000.000 |
|
Group Payables After 1
Year |
0 |
0 |
0 |
|
Miscellaneous
Liabilities Due After 1 Year |
1.469.000.000 |
10.835.000.000 |
0 |
|
Total Long Term
Liabilities |
1.009.668.000.000 |
1.049.537.000.000 |
4.620.835.000.000 |
|
Total Liabilities |
10.694.399.000.000 |
12.978.515.000.000 |
11.822.017.000.000 |
|
Called Up Share Capital |
1.318.323.000.000 |
1.329.091.000.000 |
1.264.010.000.000 |
|
Share Premium |
0 |
0 |
0 |
|
Revenue Reserves |
5.673.244.000.000 |
5.515.336.000.000 |
3.729.396.000.000 |
|
Other Reserves |
0 |
0 |
0 |
|
Total Shareholders
Equity |
6.991.567.000.000 |
6.844.427.000.000 |
4.993.406.000.000 |
|
Other Financials |
|||
|
Contingent Liabilities |
|||
|
Working Capital |
-2.699.374.000.000 |
-4.725.829.000.000 |
-3.349.260.000.000 |
|
Net Worth |
6.396.408.000.000 |
6.687.075.000.000 |
4.811.923.000.000 |
|
Ratios |
||||||
|
Pre Tax Profit Margin |
14.23 |
14.73 |
11.14 |
|||
|
Return On Capital
Employed |
38.41 |
41.65 |
24.21 |
|||
|
Return On Total Assets
Employed |
17.38 |
16.59 |
13.84 |
|||
|
Return On Net Assets
Employed |
43.96 |
48.04 |
46.62 |
|||
|
Sales / Net Working
Capital |
-8 |
-4.72 |
-6.24 |
|||
|
Stock Turnover Ratio |
12.63 |
11.86 |
12.75 |
|||
|
Debtor Days |
66.26 |
64.62 |
3.02 |
|||
|
Creditor Days |
0.1 |
0.09 |
0.44 |
|||
|
Current Ratio |
0.72 |
0.6 |
0.53 |
|||
|
Liquidity Ratio Or Acid
Test |
0.44 |
0.38 |
0.16 |
|||
|
Current Debt Ratio |
1.39 |
1.74 |
1.44 |
|||
|
Gearing |
||||||
|
Equity In Percentage |
40.91 |
34.8 |
30.02 |
|||
|
Total Debt Ratio |
1.53 |
1.9 |
2.37 |
|||
Additional
Financials
|
|
Gross Profit |
Current
Directors
|
||||
|
Name |
Gender |
Address |
Date of Birth |
Position |
|
Chi-Hyung Kim |
Male |
Korea, South (Republic of Korea) |
1961-11-23 |
Managing Director (2016-11-01) |
|
Phuong Buu Dang |
Male |
Vietnam |
1976-01-01 |
Chief Accountant |
Previous
Directors
|
|||||
|
Name |
Gender |
Address |
Date of Birth |
Position |
Resignation Date |
|
No previous directors for this company. |
|||||
Share
Capital Structure
|
|
Nominal Share Capital 69.400.000 |
|
Issued Share Capital
69.400.000 |
Shareholders
|
||
|
Shareholder |
Address |
% Shares Held |
|
HYOSUNG CORP |
Korea, South (Republic of Korea) |
71.43 |
|
HYOSUNG INVESTMENT & DEVELOPMENT CORP |
Korea, South (Republic of Korea) |
28.57 |
Ultimate
Holding Parent
|
|||
|
Name |
Status |
Registration Number |
Address |
|
HYOSUNG CORP |
Active |
31331291 |
Hyoseong Bldg 119 Mapo-daero Mapo-gu Seoul 04144 |
Immediate
Holding Parent
|
|
No Immediate Holding Parent for this company. |
Subsidaries
|
|
No subsidaries for this company. |
Affiliates
|
||
|
Name |
Status |
Registration Address
Number |
|
HYOSUNG DONG NAI CO LTD |
Active |
P3322329 Nhon
Trach 5 Industrial Zone Rd N3 Hiep Phuoc Commune, Nhon Trach
Dist, Dong Nai |
|
HYOSUNG ISTANBUL TEKSTIL LTD STI |
Active |
P1146233 Cerkezkoy Organize Sanayi Bolgesi Karaagac Mahallesi 13 Sokak 1-3A,
Kapakli, Tekirdag 59520 |
Negative
Information
|
|
No negative information for this company |
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
INR 63.69 |
|
|
1 |
INR 90.35 |
|
Euro |
1 |
INR 79.21 |
|
VND |
1 |
INR 0.0028 |
Note :
Above are approximate rates obtained from sources believed to be correct
INFORMATION DETAILS
|
Analysis Done by
: |
VIV |
|
|
|
|
Report Prepared
by : |
TPT |
RATING EXPLANATIONS
|
Credit Rating |
Explanation |
Rating Comments |
|
A++ |
Minimum Risk |
Business dealings permissible with minimum
risk of default |
|
A+ |
Low Risk |
Business dealings permissible with low
risk of default |
|
A |
Acceptable Risk |
Business dealings permissible with moderate
risk of default |
|
B |
Medium Risk |
Business dealings permissible on a regular
monitoring basis |
|
C |
Medium High Risk |
Business dealings permissible preferably
on secured basis |
|
D |
High Risk |
Business dealing not recommended or on secured
terms only |
|
NB |
New Business |
No recommendation can be done due to
business in infancy stage |
|
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.