|
|
|
MIRA
INFORM REPORT
|
Report No. : |
491021 |
|
Report Date : |
07.02.2018 |
IDENTIFICATION DETAILS
|
Name : |
BASF COMPANY LTD. |
|
|
|
|
Registered Office : |
284, Yeosusandan 2-ro, Yeosu-si,
Jeollanam-do, 59610 |
|
|
|
|
Country : |
South Korea |
|
|
|
|
Financials (as on) : |
31.12.2016 |
|
|
|
|
Date of Incorporation : |
15.12.1988 |
|
|
|
|
Com. Reg. No.: |
417-81-04858 |
|
|
|
|
Legal Form : |
Co., Ltd by shares |
|
|
|
|
Line of Business : |
Export/Import Manufacture of Basic Organic
Petrochemicals Styrofoam, L-Lysine, EPS, PS, ABS, MPI, TPI |
|
|
|
|
No. of Employees : |
941 |
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) |
|
South Korea |
A1 |
A1 |
|
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 |
SOUTH KOREA - ECONOMIC
OVERVIEW
After emerging from the 1950-53 war with North Korea, South Korea emerged as one of the 20th century’s most remarkable economic success stories, becoming a developed, globally connected, high-technology society within decades. In the 1960s, GDP per capita was comparable with levels in the poorest countries in the world. In 2004, South Korea joined the trillion-dollar club of world economies.
Beginning in the 1960s under President PARK Chung-hee, the government promoted the import of raw materials and technology, encouraged saving and investment over consumption, kept wages low, and directed resources to export-oriented industries that remain important to the economy to this day. Growth surged under these policies, and frequently reached double-digits in the 1960s and 1970s. Growth gradually moderated in the 1990s as the economy matured, but remained strong enough to propel South Korea into the ranks of the advanced economies of the OECD by 1997. These policies also led to the emergence of family-owned chaebol conglomerates such as Daewoo, Hyundai, and Samsung, which retained their dominant positions even as the government loosened its grip on the economy amid the political changes of the 1980s and 1990s.
The Asian financial crisis of 1997-98 hit South Korea’s companies hard because of their excessive reliance on short-term borrowing, and GDP ultimately plunged by 7% in 1998. South Korea tackled difficult economic reforms following the crisis, including restructuring some chaebols, increasing labor market flexibility, and opening up to more foreign investment and imports. These steps lead to a relatively rapid economic recovery. South Korea also began expanding its network of free trade agreements to help bolster exports, and has since implemented 16 free trade agreements covering 58 countries—including the United State and China—that collectively cover more than three-quarters of global GDP.
In 2017, the election of President MOON Jae-in brought a surge in consumer confidence, in part, because of his successful efforts to increase wages and government spending. These factors combined with an uptick in export growth to drive real GDP growth to more than 3%, despite disruptions in South Korea’s trade with China over the deployment of a US missile defense system in South Korea.
In 2018 and beyond, South Korea will contend with gradually slowing economic growth - in the 2-3% range - not uncommon for advanced economies. This could be partially offset by efforts to address challenges arising from its rapidly aging population, inflexible labor market, continued dominance of the chaebols, and heavy reliance on exports rather than domestic consumption. Socioeconomic problems also persist, and include rising inequality, poverty among the elderly, high youth unemployment, long working hours, low worker productivity, and corruption.
|
Source
: CIA |
Basic Information
Basic
|
Company Name |
BASF COMPANY LTD. |
|
Registered Address |
284, Yeosusandan 2-ro, Yeosu-si,
Jeollanam-do, Korea (Old Address System : 373-15, Hwachi-dong,
Yeosu-si, Jeollanam-do, Korea) |
|
Building |
|
|
Zip Code |
59610 |
|
Tel |
+82-61-680-7000 |
|
Fax |
+82-61-684-7260 |
|
E-mail |
nari.kim@partners.basf.com |
|
Website |
www.basf.co.kr;www.basf-korea.co.kr |
|
Trading Address |
14th Fl, Korea Chamber of Commerce &
Industry, 39, Sejong-daero, Jung-gu, Seoul, Korea (Old Address System : 14th Fl, Korea
Chamber of Commerce & Industry, 45, Namdaemunno 4-ga, Jung-gu, Seoul,
Korea) |
|
Tel |
+82-2-3707-3100 |
|
Fax |
+82-2-3707-3122 |
|
Other Address-Ulsan Site-Plastics Factory Ⅰ |
472-1, Sanggae-dong, Nam-gu, Ulsan, Korea |
|
Tel |
+82-52-279-5800 |
|
Fax |
+82-52-272-4801 |
|
Other Address-Ulsan Site-Plastics Factory Ⅱ |
569-30, Yongyeon-dong, Nam-gu, Ulsan, Korea |
|
Tel |
+82-52-279-9500 |
|
Fax |
+82-52-279-9501 |
|
Other Address-Ansan Factory |
607B-22, Banwol Industrial Complex, 631-3,
Seonggok-dong, Danwon-gu, Ansan-si, Gyeonggi-do, Korea |
|
Tel |
+82-31-599-7513 |
|
Fax |
+82-31-599-7506 |
|
Other Address-Hwaseong Factory |
870, Yeocheon-dong, Nam-gu, Ulsan, Korea |
|
Tel |
+82-52-278-2000 |
|
Fax |
+82-52-278-2001 |
|
Type |
Export/Import Manufacture of Basic Organic Petrochemicals Styrofoam, L-Lysine, EPS, PS, ABS, MPI, TPI |
|
Industry |
|
|
Main Business |
|
|
Sub
Business |
|
|
Established (mm/dd/yyyy) |
12/15/1988 |
Detailed Products
|
Activity |
Detailed Products (UNSPSC) |
|
Sell |
Polyurethane resins(13111061) |
|
Sell |
Polystyrene foam(13111308) |
|
Sell |
Acrylonitrile butadiene styrene
resin(13111004) |
|
Sell |
Chemicals including Bio Chemicals and Gas
Materials(12000000) |
|
Sell |
Organic derivatives and substituted compounds(12352100) |
|
Sell |
Surfactants(12161900) |
|
Sell |
Inorganic compounds(12352300) |
|
Sell |
Pigments(12171600) |
|
Sell |
Other adhesives and sealants(31201600) |
|
Sell |
Drugs and Pharmaceutical Products(51000000) |
|
Sell |
Plasticizers(12162000) |
|
Sell |
Inorganic compounds(12352300) |
|
Sell |
Organic peroxides(12352120) |
CEO’s
|
Name |
Shin Woo-Sung |
|
Date of Birth |
09/12/1957 |
|
Title |
President & CEO |
|
Nationality |
Korean |
Profiles
|
Capital (KRW) |
532,546,420,000 |
|||||||||
|
Employees |
941 |
|||||||||
|
Formation |
Co., Ltd by shares Foreign Direct Investment Corporation |
|||||||||
|
Bank Details |
KEB Hana Bank –Sales 1 Division |
|||||||||
|
Corporate Registered No. |
110111-0600860 |
|||||||||
|
Business Registered No. |
417-81-04858 |
|||||||||
|
Permit & Licenses |
05/1999 ISO 9001 Int’l Trade No.: 429296 |
|||||||||
|
Shareholder Position |
|
|||||||||
|
Company History |
1954 Entered Korea as FOHAG(Far East
Trading Company) 1980 Established as Hyosung BASF 1982 Established BASF KOREA CO., LTD. 12/1988 Established HANYANG BASF URETHANE
CO., LTD. 12/1997 Changed company name to BASF
URETHANE KOREA CO., LTD. 03/1998 Changed company name to BASF KOREA
STILENIX CO., LTD. 05/1998 Acquired Lysine Business Division
from Daesang Corporation 12/1998 Acquired Polyol Business Division
from Dong Sung Chemical Co., Ltd. 12/1998 Changed company name to the present
name with the acquisition of BASF URETHANE KOREA CO., LTD., BASF KOREA
STILENIX CO., LTD. and BASF KOREA CO., LTD. 11/2000 Awarded US$500 Million Export Top
Prize 06/2001 Acquired SK Evertech's SM Factory 10/2001 Increased capital to
404,650,000,000 KRW from 354,650,000,000 KRW 05/2003 Acquired Engineering Plastic
Business Division from Honeywell 04/2005 Acquired BASF AGRO KOREA CO., LTD. 10/2006 Acquired the operation part of BASF
Resin Co., Ltd. 07/31/2007 Increased the authorized shares
to 94,930,000 shares from 80,930,000 KRW 01/2008 Sold Gunsan Factory(Lysine: 228,
Soryong-dong, Gunsan-si, Jeollabuk-do, Korea) to PAIKKWANG INDUSTRIAL CO.,
LTD.(110111-0003709) at USD27,000,000. 05/21/2009 increased capital to
464,650,000,000 KRW from 404,650,000,000 KRW 08/03/2009 Decided to sell Ulsan SM Factory
to SK ENERGY CO., LTD.(110111-3710385) 02/01/2010 Acquired CIBA SPECIALTY
CHEMICALS KOREA LTD.(110111-0714406) and DAIHAN SWISS CHEMICAL CORP.(110111-0307325) 01/01/2011 Split off KS Divisions, and
transferred to STYROLUTION KOREA LTD.(230111-0148328) 01/01/2012 Acquired COGNIS KOEA
LTD.(110111-2865090) 08/31/2012 Increased the authorized shares
to 100,930,000 shares from 94,930,000 shares 09/14/2012 Increased capital to
481,729,000,000 KRW from 464,650,000,000 KRW 03/18/2014 Increased the authorized shares
to 106,930,000 shares from 100,930,000 shares 03/26/2014 Increased capital to
516,625,420,000 KRW from 481,729,000,000 KRW 04/14/2016 Increased capital to
532,546,420,000 KRW from 516,625,420,000 KRW |
Detailed Information
Management
|
Job Description |
Name |
Nationality |
Date of Birth |
Inauguration Date |
|
President & CEO |
Shin Woo-Sung |
Korean |
09/12/1957 |
03/02/2009 |
|
Director |
Mirco Bengel |
German |
04/13/1978 |
03/29/2017 |
|
Director |
Bernhart Quintergellen |
German |
01/26/1964 |
09/01/2014 |
|
Auditor |
Johan Friedrich Wulihi Botger |
German |
03/18/1965 |
10/01/2015 |
Financials
|
Year / Unit : KRW |
Sales |
Assets |
Net Income |
|
1,760,895,538,074 |
1,244,333,369,524 |
164,746,696,006 |
|
|
2015 |
1,751,176,419,625 |
1,174,126,028,816 |
67,705,155,248 |
|
2014 |
2,062,540,549,272 |
1,241,930,687,265 |
64,984,174,133 |
|
2013 |
2,261,706,378,661 |
1,290,365,566,991 |
125,126,408,833 |
|
2012 |
2,052,377,984,864 |
1,150,358,533,984 |
111,286,722,605 |
|
2011 |
1,981,901,124,110 |
1,314,309,031,536 |
228,920,128,968 |
|
2010 |
2,905,643,816,960 |
1,328,755,510,275 |
277,702,346,311 |
|
2009 |
2,182,467,001,023 |
1,131,492,742,826 |
252,650,621,415 |
|
2008 |
2,409,606,875,106 |
1,005,708,769,659 |
90,382,545,153 |
|
2007 |
2,154,041,355,519 |
1,154,047,696,907 |
179,289,618,386 |
|
2006 |
1,908,768,117,693 |
1,236,191,744,609 |
169,881,499,330 |
|
2005 |
2,088,248,977,659 |
1,326,167,222,613 |
128,075,379,460 |
|
2004 |
1,960,457,253,117 |
1,454,917,869,412 |
47,803,170,535 |
|
2003 |
1,383,330,951,764 |
1,461,689,186,845 |
(-)24,016,453,546 |
Financial
Description
|
Authorized Capital(KRW) |
534,650,000,000 |
|
Paid-Up Capital(KRW) |
532,546,420,000 |
|
Total Issues Shares |
106,509,284 |
|
Balance
Sheet |
|||
|
Unit : Korean Won |
As of 12/31/2016 |
As of 12/31/2015 |
As of 12/31/2014 |
|
Total
Assets |
1,244,333,369,524 |
1,174,126,028,816 |
1,241,930,687,265 |
|
Current
Assets |
651,027,686,202 |
633,216,194,635 |
709,020,847,065 |
|
Cash
& Cash Equivalents |
136,099,128,636 |
130,110,088,588 |
51,882,711,136 |
|
Trade
Receivables & Other Receivables |
368,646,871,439 |
319,095,312,770 |
406,382,977,261 |
|
Inventories |
140,770,713,354 |
175,776,111,768 |
223,722,484,482 |
|
Other
Current Assets |
5,125,845,682 |
3,430,030,511 |
25,227,267,434 |
|
Derivatives |
385,127,091 |
4,804,650,998 |
1,805,406,752 |
|
Non-Current
Assets |
593,305,683,322 |
540,909,834,181 |
532,909,840,200 |
|
Tangibles |
495,366,968,545 |
508,485,231,680 |
498,584,828,706 |
|
Intangibles |
11,339,201,178 |
12,486,939,004 |
13,482,414,825 |
|
Investment_Subsidiaries |
68,153,683,758 |
- |
|
|
Marketable
Financial Instruments |
15,710,000 |
15,710,000 |
15,710,000 |
|
Other
Financial Assets |
15,643,428,904 |
16,055,329,747 |
14,966,037,032 |
|
Other
Non-Current Assets |
2,786,690,937 |
3,866,623,750 |
4,302,175,909 |
|
Derivatives |
|
|
1,558,673,728 |
|
Total
Liabilities |
352,893,128,404 |
392,505,230,655 |
424,279,622,125 |
|
Current
Liabilities |
296,566,083,946 |
310,264,107,678 |
321,856,676,789 |
|
Trade
Payables & Other Payables |
219,331,506,899 |
268,813,710,398 |
307,359,942,004 |
|
Current
Portion of Long-Term Borrowings |
15,105,384,000 |
13,704,346,000 |
- |
|
Other
Current Financial Debts |
1,223,834,002 |
1,003,357,352 |
810,355,996 |
|
Other
Current Liabilities |
5,262,870,237 |
3,365,941,875 |
9,893,627,478 |
|
Provisions |
609,000,000 |
- |
|
|
Derivatives |
9,256,594,385 |
8,107,851,820 |
3,792,751,311 |
|
Deferred
Income Tax Assets |
45,776,894,423 |
15,268,900,233 |
|
|
Non-Current
Liabilities |
56,327,044,458 |
82,241,122,977 |
102,422,945,336 |
|
Long-Term
Trade Payables & Other Payables |
1,764,037,284 |
767,382,620 |
757,268,398 |
|
Long-Term
Borrowings |
30,591,576,000 |
46,108,080,000 |
61,868,160,000 |
|
Other
Non-Current Financial Debts |
6,432,703,639 |
7,656,537,641 |
8,659,894,993 |
|
Other
Non-Current Liabilities |
1,659,826,782 |
2,028,677,178 |
2,397,527,574 |
|
Provisions |
- |
4,226,574,000 |
4,371,840,000 |
|
Confirmed
Salaries |
6,500,253,701 |
7,106,724,564 |
15,097,431,666 |
|
Provision
for Severance & Retirement |
5,976,100,828 |
6,888,737,781 |
5,741,986,054 |
|
Derivatives |
|
|
1,871,903,525 |
|
Deferred
Income Tax Credit |
3,402,546,224 |
7,458,409,193 |
1,656,933,126 |
|
Capital
Stock |
532,546,420,000 |
516,625,420,000 |
516,625,420,000 |
|
Capital
Surplus |
21,000,594,295 |
21,082,235,095 |
21,082,235,095 |
|
Others |
-10,193,642,755 |
-10,580,030,508 |
-16,864,608,281 |
|
Profit
Surplus |
348,086,869,580 |
254,493,173,574 |
296,808,018,326 |
|
Total
Equity |
891,440,241,120 |
781,620,798,161 |
817,651,065,140 |
|
Liab.
& Shareholder’s Equity |
1,244,333,369,524 |
1,174,126,028,816 |
1,241,930,687,265 |
|
Income
Statement |
|||
|
Unit : Korean Won |
As of 12/31/2016 |
As of 12/31/2015 |
As of 12/31/2014 |
|
Sales |
1,760,895,538,074 |
1,751,176,419,625 |
2,062,540,549,272 |
|
Cost
of Sold Goods |
1,403,096,129,219 |
1,485,718,937,786 |
1,820,704,512,027 |
|
Gross
Profit |
357,799,408,855 |
265,457,481,839 |
241,836,037,245 |
|
Selling
& Admin. Expenses |
132,908,964,498 |
162,503,042,894 |
178,040,973,607 |
|
Operating
Income |
224,890,444,357 |
102,954,438,945 |
63,795,063,638 |
|
Other
Net Income |
3,132,966,575 |
1,826,002,848 |
19,559,713,134 |
|
Other
Income |
104,768,490,271 |
73,025,022,152 |
82,901,801,916 |
|
Other
Expenses |
-101,635,523,696 |
-71,199,019,304 |
-63,342,088,782 |
|
Net
Finance Income |
-11,466,327,176 |
-11,034,778,698 |
-20,211,118,553 |
|
Finance
Income |
7,282,329,848 |
10,853,968,509 |
8,769,821,163 |
|
Finance
Expenses |
-18,748,657,024 |
-21,888,747,207 |
-28,980,939,716 |
|
Income
Before Taxes |
216,557,083,756 |
93,745,663,095 |
63,143,658,219 |
|
Income
Taxes Expenses |
51,810,387,750 |
26,040,507,847 |
-1,840,515,914 |
|
Net
Income |
164,746,696,006 |
67,705,155,248 |
64,984,174,133 |
|
Cash
Flows |
|||
|
Unit : Korean Won |
As of 12/31/2016 |
As of 12/31/2015 |
As of 12/31/2014 |
|
Operating
Activities Cash Flows |
155,844,570,679 |
241,229,792,091 |
40,808,815,467 |
|
Cash
Flows from Operating |
183,319,765,790 |
256,870,653,624 |
50,316,990,981 |
|
-Net
Income |
164,746,696,006 |
67,705,155,248 |
64,984,174,133 |
|
-Exp.
without Cash Outflow |
133,894,480,100 |
93,926,941,197 |
69,120,550,159 |
|
-Revenue
without Cash Inflows |
-13,143,007,283 |
-13,867,129,289 |
-19,694,681,732 |
|
-Changes
in Asset/ & Liability |
-102,178,403,033 |
109,105,686,468 |
-64,093,051,579 |
|
Interests
Received |
981,546,643 |
1,449,024,888 |
3,360,299,968 |
|
Dividends
Received |
8,141,000 |
8,141,000 |
8,341,000 |
|
Interests
Paid |
-2,983,267,602 |
-3,978,590,047 |
-4,256,959,551 |
|
Income
Taxes |
-25,481,615,152 |
-13,119,437,374 |
-8,619,856,931 |
|
Cash
Flows from Investing |
-75,998,069,162 |
-52,902,681,728 |
-84,224,319,534 |
|
Cash
Inflow from Investing |
2,359,314,927 |
4,176,183,287 |
3,691,048,649 |
|
Cash
Outflows for Investing |
-78,357,384,089 |
-57,078,865,015 |
-87,915,368,183 |
|
Cash
Flows from Financing |
-74,540,677,174 |
-110,130,355,996 |
-89,416,976,501 |
|
Cash
Inflows from Financing |
16,139,359,200 |
29,711,500,000 |
34,726,127,190 |
|
Cash
Outflows from Financing |
-90,680,036,374 |
-139,841,855,996 |
-124,143,103,691 |
|
Increase/Decrease
in Cash |
5,989,040,048 |
78,227,377,452 |
-133,052,130,654 |
|
Cash
at the Beginning of Year |
130,110,088,588 |
51,882,711,136 |
184,934,841,790 |
|
Cash
at the End of Year |
136,099,128,636 |
130,110,088,588 |
51,882,711,136 |
Products, Technologies, Services Description
|
Main Products & Services |
-Thermoplastics Business EPS, PS, ABS, SM, Engineering plastics
production and sales -Polyurethane Business MDI, TDI, Polyol production and sales -Chemicals & Performance Products
Business PolyTHK, BDO/THF, Fiber raw materials,
Petrochemicals, Intermediates, Textile Chemicals, Leather Chemicals, Pigment
& Dyestuff for industry, Specialty Chemicals, Acrylic Monomer &
Polymer, Paper Chemicals -Fine Chemicals Business Animal Nutrition, Lysine Byproducts,
Cosmetics, Pharmaceuticals, Food Ingredients, Aroma Chemicals for flavor and
fragrance, Agro chemical products |
|
Detailed Products Spec. |
|
|
Technologies Acquired |
|
Trade Partners & Competitors
|
Suppliers |
BASF AKTIENGESELLSCHAFT(CATALYST) HANWHA PETROCHEMICALS CO., LTD.(CHLORINE,
NITRIC ACID & CAUSTIC SODA) PAIKKWANG INDUSTRIAL
CO.,LTD.(110111-0003709: CHLORINE, CAUSTIC SODA) HUCHEMSFINECHEMICALCORPORATION(110111-2611906
: NITRIC ACID) AIR LIQUIDE KOREA CO., LTD.(110111-1232216
: CARBON MONOXIDE, HYDROGEN) HEIN CORPORATION(180111-0049915 :
FORMALDEHYDE) SAMYANG CHEMICAL CO., LTD.(110111-0568878 :
FORMALDEHYDE) SKC(ETHYLENE) |
|
Customers |
BASF AKTIENGESELLSCHAFT BASF SOUTH EAST ASIA PTE. LTD. |
|
Competitors |
SAMSUNG TOTAL PETROCHEMICALS CO., LTD. 411-1, DOKGOT-RI, DAESAN-EUP, SEOSAN-SI,
CHUNGCHEONGNAM-DO, KOREA TEL:+82-41-660-6114 FAX:+82-41-681-4812 HONAM PETROCHEMICAL CORPORATION 11TH FL., LOTTE GWANAK TOWER, 395-67, SINDAEBANG
2-DONG, DONGJAK-GU, SEOUL, KOREA TEL:+82-2-829-4114 FAX:+82-2-843-1010 SAM NAM PETROCHEMICAL CO., LTD. 4TH FL., SAMYANG CO. BLDG., 263,
YEONJI-DONG, JONGNO-GU, SEOUL, KOREA TEL:+82-2-740-7450~1 FAX:+82-2-745-4225 |
Related Parties
(Subsidiaries, Joint-Venture & Affiliates)
|
Affiliates |
BASF SE BASF SOUTH EAST ASIA PTE. LTD. BASF POLYURETHANES GMBH BASF (THAI) LIMITED BASF PETRONAS CHEMICALS SDN BHD BASF HONG KONG LTD. BASF POLYURETHANE LICENSING |
|
Overseas Office |
|
|
Liaison Office |
|
|
Overseas Branch |
|
|
Joint Venture |
|
|
Subsidiary |
BASF COLORS & EFFECTS KOREA
LTD.(230111-0258341) (100.0% held by the subject company) |
|
Corporate Ownership |
BASF SE BASF BETEILIGUNGSGESELLSCHAFT GMBH |
|
Major Shareholders |
BASF BETEILIGUNGSGESELLSCHAFT GMBH CARL-BOSCH STRAßE 38, 67056 LUDWIGSHAFEN,
GERMANY TEL: 49-621-60-0 FAX: 49-621-60-42525 |
|
Cooperative Enterprise |
-Technical Support & Engineering
Support MITSUBISHI CHEMICAL CORPORATION BASF IP MANAGEMENT C.V. |
Sales by Region
(Activity & Markets)
The Subject deals with the companies in Germany.
Court Action
No Records.
News Clipping
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FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
INR 64.27 |
|
|
1 |
INR 89.72 |
|
Euro |
1 |
INR 79.52 |
|
KRW |
1 |
INR 0.059 |
Note :
Above are approximate rates obtained from sources believed to be correct
INFORMATION DETAILS
|
Analysis Done by
: |
VIV |
|
|
|
|
Report Prepared
by : |
TRU |
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.