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MIRA INFORM REPORT
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Report No. : |
484253 |
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Report Date : |
05.01.2018 |
IDENTIFICATION DETAILS
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Name : |
DB METAL CO., LTD. |
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Registered Office : |
432, Teheran-ro, Gangnam-gu, Seoul, 21th Fl., Dongbu Financial
Center, 06194 |
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Country : |
South Korea |
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Financials (as on) : |
30.06.2017 |
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Date of Incorporation : |
04.02.2008 |
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Com. Reg. No.: |
120-87-24194 |
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Legal Form : |
Co., Ltd by Shares |
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Line of Business : |
Export, Manufacture of Ferro-Alloys, HC FeMn, Ref. FeMn,
SiMn FeMn, SiMnLc |
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No. of Employees : |
323 |
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 |
|
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
|
Country Name |
Previous Rating (30.06.2017) |
Current Rating (30.09.2017) |
|
South Korea |
A1 |
A1 |
|
Risk Category |
ECGC
Classification |
|
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 |
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 2016, the economy experienced slow growth – 2%-3% per year - due to sluggish domestic consumption, a drop in foreign demand for South Korean exports, increased competition from regional rivals such as China and Japan, and declining investment. The administration in 2016 faced the challenge of balancing heavy reliance on exports with domestic restructuring efforts in the country’s shipbuilding and shipping industries.
The South Korean economy's short-term challenges include a potential loss of consumer confidence due to issues with its mobile phone industry, as well as uncertainty stemming from a tumultuous domestic political situation. In the long-term, South Korea must deal with a rapidly aging population, inflexible labor market, dominance of large conglomerates (chaebols), and the heavy reliance on exports, which comprise more than 40% of GDP. South Korea’s low overall unemployment rate masks problems with high youth unemployment, low worker productivity, high labor underutilization, and low female participation in the workforce. The government has tried to implement structural reforms, but continues to face significant headwind from vested interests. Finally, the country could eventually face an unprecedented financial burden in the event the unification of the Korean Peninsula were to occur.
|
Source
: CIA |
Basic
Information
Basic
|
Company Name |
DB METAL CO., LTD. (Ex. Company Name : DONGBU METAL CO., LTD.,
“(주)동부메탈”) |
|
Registered Address |
432, Teheran-ro, Gangnam-gu, Seoul, Korea |
|
Building |
21th Fl., Dongbu Financial Center |
|
Zip Code |
06194 |
|
Tel |
+82-2-3484-1800 |
|
Fax |
+82-2-553-4105 |
|
E-mail |
dbmetal@dongbu.com |
|
Website |
www.dbmetal.co;www.dongbumetal.co.kr |
|
Trading Address |
21th Fl., Dongbu Financial Center, 432,
Teheran-ro, Gangnam-gu, Seoul, Korea (Old Address System : 21th Fl., Dongbu
Financial Center, 891-10, Daechi 4-dong, Gangnam-gu, Seoul, Korea) |
|
Tel |
+82-2-3484-1892 |
|
Fax |
+82-2-553-4105 |
|
Other Address-Donghae Factory |
17, Sutgol-gil, Donghae-si, Gangwon-do,
Korea (Old Address System : 78-1, Yongjeong-dong,
Donghae-si, Gangwon-do, Korea) |
|
Tel |
+82-33-530-7221 |
|
Fax |
+82-33-533-5250 |
|
Other Address-Busan Office |
77-1, Jungang-dong 4-ga,
Jung-gu, Busan, Korea |
|
Tel |
+82-51-465-1241 |
|
Fax |
+82-51-469-0344 |
|
Other Address-Pohang Office |
792-1, Goedong-dong,
Nam-gu, Pohang-si, Gyeongbuk, Korea |
|
Tel |
+82-54-286-2900 |
|
Fax |
+82-54-286-2986 |
|
Other Address-Gwangyang
Office |
6, Taein 3-gil, Gwangyang-si, Jeollanam-do,
Korea (Old Address System : 1657-4, Taein-dong, Gwangyang-si, Jeollanam-do, Korea) |
|
Tel |
+82-61-792-0725 |
|
Fax |
+82-61-792-3064 |
|
Type |
Export |
|
Industry |
Manufacture of Ferro-Alloys |
|
Main Business |
HC FeMn, Ref. FeMn, SiMn FeMn, SiMnLc |
|
Sub
Business |
|
|
Established (mm/dd/yyyy) |
02/04/2008 |
Detailed
Products
|
Activity |
Detailed Products (UNSPSC) |
|
Sell |
Stainless steel plate(30102205) |
CEO’s
|
Name |
Seo Young-Joon |
|
Date of Birth |
01/21/1950 |
|
Title |
President & CEO |
|
Nationality |
Korean |
Profiles
|
Capital (KRW) |
19,332,755,500 |
|||||||||||||||||||||||||||||||||
|
Employees |
323 |
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|
Formation |
Co., Ltd by Shares A Company of DONGBU Group |
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|
Bank Details |
KEB Hana Bank Korea Development Bank Citibank, Korea |
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Corporate Registered No. |
110111-3836678 |
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|
Business Registered No. |
120-87-24194 |
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|
Permit & Licenses |
Int’l Trade No.: 45339374 |
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Shareholder Position |
|
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|
Company History |
02/04/2008 Incorporated as DONGBU METAL CO.,
LTD., after spin off from DONGBU HITEK CO., LTD.(110111-0026206) 07/15/2008 Increased the authorized shares
to 1,000,000,000 shares from 10,000,000 shares 08/26/2008 Spin off the par value to 500
KRW from 5,000 KRW 02/27/2015 Applied for Co-Management to
Financial Creditors’ Association(KEB Hana Bank) 05/08/2015 Agreed with Financial Creditors’
Association for Management Normalization Plan until 12/31/2017 12/27/2015 Increased capital to
19,332,755,500 KRW from 15,000,000,000 KRW 10/24/2017 Changed company name to the
present name |
Detailed
Information
Management
|
Job Description |
Name |
Nationality |
Date of Birth |
Inauguration Date |
|
President & CEO |
Seo Young-Joon |
Korean |
01/21/1950 |
06/29/2017 |
|
Vice President |
Park Chan-Soo |
Korean |
06/10/1955 |
03/29/2016 |
|
Executive Director |
Cho Sung-Kwan |
Korean |
04/30/1960 |
03/29/2015 |
|
Outside Director |
Hwang Kyung-Noh |
Korean |
07/11/1930 |
03/29/2015 |
|
Auditor |
Ha Sung-Geun |
Korean |
10/11/1955 |
03/27/2015 |
Financials
|
Year / Unit : KRW |
Sales |
Assets |
Net
Income |
|
06/2017 |
244,800,710,169 |
511,704,112,542 |
16,465,281,217 |
|
2016 |
362,276,115,469 |
516,979,023,803 |
-71,507,101,684 |
|
2015 |
443,641,690,021 |
648,871,727,989 |
7,706,011,469 |
|
2014 |
499,271,655,421 |
649,729,359,889 |
-74,726,131,597 |
|
2013 |
553,225,569,986 |
701,862,397,688 |
-19,700,016,942 |
|
2012 |
611,807,615,129 |
739,068,803,448 |
10,003,312,303 |
|
2011 |
675,424,900,609 |
696,479,179,122 |
10,562,961,514 |
|
2010 |
502,515,763,229 |
591,373,788,197 |
58,231,447,225 |
|
2009 |
393,950,167,437 |
356,981,400,470 |
14,075,449,730 |
|
2008 |
457,150,455,457 |
451,946,864,655 |
90,823,325,068 |
Financial
Financial
Description
|
Authorized Capital(KRW) |
500,000,000,000 |
|
Paid-Up Capital(KRW) |
19,332,755,500 |
|
Total Issues Shares |
38,665,511 |
|
Balance
Sheet |
|||
|
Unit : Korean Won |
01/01/2017~06/30/2017 |
As
of 12/31/2016 |
As
of 12/31/2015 |
|
Total
Assets |
511,704,112,542 |
516,979,023,803 |
648,871,727,989 |
|
Current
Assets |
133,539,941,661 |
131,910,319,439 |
239,579,932,808 |
|
Cash
& Cash Equivalents |
19,991,243,224 |
3,402,552,978 |
2,664,229,124 |
|
Current
Financial Instruments |
2,369,226,728 |
2,126,016,468 |
4,598,969,069 |
|
Trade
Receivables |
56,096,870,896 |
64,599,170,579 |
52,925,374,802 |
|
Inventories |
54,812,688,469 |
60,868,545,603 |
118,985,990,432 |
|
Other
Current Assets |
269,912,344 |
914,033,811 |
60,405,369,381 |
|
Non-Current
Assets |
378,164,170,881 |
385,068,704,364 |
409,291,795,181 |
|
Non-Current
Financial Instruments |
5,727,445,412 |
5,651,040,212 |
8,123,855,540 |
|
Investment_Subsidiaries |
415,630,000 |
415,630,000 |
618,876,508 |
|
Tangibles |
351,737,970,665 |
359,499,229,345 |
377,652,058,225 |
|
Intangibles |
1,399,272,362 |
1,611,953,297 |
1,221,282,976 |
|
Deferred
Income Tax Assets |
18,883,852,442 |
17,890,851,510 |
21,675,721,932 |
|
Total
Liabilities |
467,342,355,529 |
489,000,768,533 |
549,816,410,355 |
|
Current
Liabilities |
419,478,117,076 |
392,326,309,916 |
225,585,391,526 |
|
Trade Payables |
13,854,055,893 |
23,177,148,816 |
23,732,775,319 |
|
Short-Term
Borrowings |
362,185,738,643 |
330,730,239,506 |
169,287,266,741 |
|
Other
Current Financial Debts |
31,688,027,152 |
30,716,947,184 |
31,779,069,903 |
|
Other
Current Liabilities |
11,750,295,388 |
7,701,974,410 |
786,279,563 |
|
Non-Current
Liabilities |
47,864,238,453 |
96,674,458,617 |
324,231,018,829 |
|
Long-Term
Borrowings |
38,938,045,863 |
88,023,730,863 |
316,550,093,886 |
|
Confirmed
Salaries |
8,926,192,590 |
8,650,727,754 |
7,680,924,943 |
|
Capital
Stock |
19,332,755,500 |
19,332,755,500 |
19,332,755,500 |
|
Capital
Surplus |
68,445,355,135 |
68,445,355,135 |
68,445,355,135 |
|
Profit
Surplus |
-43,416,353,622 |
-59,799,855,365 |
11,277,206,999 |
|
Total
Equity |
44,361,757,013 |
27,978,255,270 |
99,055,317,634 |
|
Liab.
& Shareholder’s Equity |
511,704,112,542 |
516,979,023,803 |
648,871,727,989 |
|
Income
Statement |
|||
|
Unit : Korean Won |
01/01/2017~06/30/2017 |
As
of 12/31/2016 |
As
of 12/31/2015 |
|
Sales |
244,800,710,169 |
362,276,115,469 |
443,641,690,021 |
|
Cost
of Sold Goods |
208,151,812,730 |
368,405,694,597 |
400,785,055,665 |
|
Gross
Profit |
36,648,897,439 |
-6,129,579,128 |
42,856,634,356 |
|
Selling
& Admin. Expenses |
14,308,927,980 |
29,195,159,491 |
41,147,142,724 |
|
Operating
Income |
22,339,969,459 |
-35,324,738,619 |
1,709,491,632 |
|
Finance
Income |
11,675,440,891 |
11,128,857,105 |
56,690,437,706 |
|
Finance
Expenses |
15,012,573,595 |
32,176,875,678 |
35,839,536,530 |
|
Other
Income |
244,009,825 |
340,539,697 |
441,901,969 |
|
Other
Expenses |
3,751,500,289 |
11,811,306,910 |
19,888,502,437 |
|
Income
Before Taxes |
15,495,346,291 |
-67,843,524,405 |
3,113,792,340 |
|
Income
Taxes Expenses |
969,934,926 |
-3,663,577,279 |
4,592,219,129 |
|
Net
Income |
16,465,281,217 |
-71,507,101,684 |
7,706,011,469 |
|
Cash
Flows |
|||
|
Unit : Korean Won |
01/01/2017~06/30/2017 |
As
of 12/31/2016 |
As
of 12/31/2015 |
|
Operating
Activities Cash Flows |
41,628,530,141 |
26,157,730,932 |
-57,853,207,445 |
|
Cash
Flows from Operating |
45,220,226,123 |
33,460,096,164 |
-42,883,255,959 |
|
Net
Income |
16,465,281,217 |
-71,507,101,684 |
7,706,011,469 |
|
-Exp.
without Cash Outflow |
20,687,025,126 |
53,763,873,954 |
62,817,655,360 |
|
-Revenue
without Cash Inflows |
-5,748,036,364 |
-1,754,625,810 |
-54,985,862,014 |
|
Changes
in Asset/ & Liability |
13,815,956,144 |
52,957,949,704 |
-58,421,060,774 |
|
Interests
Received |
31,875,837 |
1,114,038,505 |
54,717,472 |
|
Interests
Paid |
-3,793,177,105 |
-8,250,649,452 |
-14,911,064,183 |
|
Income
Taxes |
169,605,286 |
-165,754,285 |
-113,604,775 |
|
Cash
Flows from Investing |
-1,792,864,090 |
55,953,601,979 |
-6,341,922,145 |
|
Cash
Inflow from Investing |
293,444,216 |
60,478,232,064 |
1,512,032,181 |
|
Cash
Outflows for Investing |
-2,086,308,306 |
-4,524,630,085 |
-7,853,954,326 |
|
Cash
Flows from Financing |
-23,246,975,805 |
-81,092,782,151 |
63,720,600,371 |
|
Cash
Inflows from Financing |
124,166,571,307 |
109,998,415,740 |
147,551,102,917 |
|
Cash
Outflows from Financing |
-147,413,547,112 |
-191,091,197,891 |
-83,830,502,546 |
|
Increase/Decrease
in Cash |
16,588,690,246 |
1,018,550,760 |
-474,529,219 |
|
Cash
at the Beginning of Year |
3,402,552,978 |
2,664,229,124 |
3,138,758,343 |
|
Cash
at the End of Year |
19,991,243,224 |
3,682,779,884 |
2,664,229,124 |
(*)The Subject needs to be monitored because Current Liabilities exceed
Current Assets as much as 285,938,000,000 KRW as of 06/30/2017.
Products,
Technologies, Services Description
|
Main Products & Services |
HC FeMn, Ref. FeMn, SiMn FeMn, SiMnLc Ferroalloy Specialized Products |
Trade
Partners & Competitors
|
Suppliers |
ASSMANG BHPB ERAMET |
|
Customers |
POSCO(174611-0000741) HYUNDAI STEEL COMPANY(120111-0001743) DONGBU CNI CO., LTD.(110111-0210859) A.MITTAL NSC JFE CSC |
|
Competitors |
SNNC CO., LTD. 878, GEUMHO-DONG, GWANGYANG-SI,
JEOLLANAM-DO, KOREA TEL:+82-61-797-9114 FAX:+82-61-797-9191 SIMPAC METALLOY CO., LTD. 696-2, GOEDONG-DONG, NAM-GU, POHANG-SI,
GYEONGSANGBUK-DO, KOREA TEL:+82-54-271-8700 FAX:+82-54-285-3500 KTC KOREA CO., LTD. 567-49, YEONNAM-DONG, MAPO-GU, SEOUL, KOREA TEL:+82-2-3144-5052 FAX:+82-2-3141-5846 |
Related
Parties
(Subsidiaries, Joint-Venture & Affiliates)
|
Affiliates-Domestic |
DONGBU STEEL CO., LTD.(110111-0393308) DONGBU HITECK CO., LTD.(110111-0026206) DONGBU FINE CHEMICALS CO.,
LTD.(110111-0026206) DONGBU INVESTMENT CO., LTD.(110111-4220359) DONGBU FINECELL CO., LTD.(110111-1504102) TOMATO LSI INC.(110111-1801988) SOLEX SEMICONCODUCTOR CO.,
LTD.(110111-3727611) DONGBU METAL CO., LTD.(110111-3836678) DONGBU CORPORATION(110111-0005002) DONGBU ENGINEERING CO., LTD.
(110111-0659536) DONGBU PUSAN CONTAINER TERMINAL CO.,
LTD.(180111-0356013) CENTRAL PIER OPERATION CO.,
LTD.(180111-0290237) DONGBU GWANGYANG LOGISTICS CENTER CO.,
LTD.(204611-0025180) DONGBU EXPRESS MARINE CO., LTD.(180111-0605866) FINE-ADVANTAS AMC CORPORATION CO.,
LTD.(110111-3783811) DONGBU COMPLEX LOGISTICS CO.,
LTD.(204611-0026203) DAESUNG FREZING TRANSPORTATION CO.,
LTD.(115611-0011096) DAESUNG TOTAL LOGISTICS SYSTEM CO.,
LTD.(115611-0038892) DCT CO., LTD.(144711-0015786) DONGBU GWANGYANG STEEL DISTRIBUTION CENTER
CO., LTD.(204611-0027649) BAIKSAN ITS CO., LTD.(110111-2585630) DONGBU INSURANCE CO., LTD.(110111-0095285) DONGBU AUTOMOBILE INSURANCE CLAIM
ADJUSTMENT CO., LTD.(110111-0367402) DONGBU SECURITIES CO., LTD.(110111-0339956) DONGBU MUTUAL SAVING BANK (110111-0135627) DONGBU ASSET MANAGEMENT CO., LTD.
(110111-1363160) DONGBU CNI CO., LTD.(110111-1054339) GONGJU ENVIRONMENT CO.,
LTD.(161211-0011288) DONGBU INCHEON PORT TERMINAL CO.,
LTD.(120111-0305327) DONGBU LIFE INSURANCE CO.,
LTD.(110111-0623606) DONGBU CAPITAL CORP. (110111-1220641) DONGBU CO., LTD. (110111-0367212) DONGBU WORLD INC.(110111-0628086) |
|
Affiliates-Overseas |
DONGBU HITEK USA, INC. DONGBU LIGHTEC CANADA INC. DONGBU LIGHTEC JAPAN CO.,LTD. DONGBU LIGHTEC U.S.A INC C&D LIGHTEC CO.,LTD. DONGBU DAEWOO ELECTRONICS (PANAMA) S.A. DONGBU DAEWOO ELECTRONICS CHILE S.A. DONGBU DAEWOO ELECTRONICS MEXICO S.A. DE
C.V. DONGBU DAEWOO ELECTRONICS AMERICA INC. DONGBU DAEWOO ELECTRONICS S.A. DONGBU DAEWOO ELECTRONICS U.K. LTD. DONGBU DAEWOO ELECTRONICS IBERIA S.A.U. DONGBU DAEWOO ELECTRONICS DEME FZCO CJSC DONGBU DAEWOO ELETRONICS RUS DONGBU DAEWOO ELECTRONICS MIDDLE EAST FZE. DAEWOO ELECTRONICS (M) SDN., BHD DONGBU DAEWOO ELECTRONICS HOME APPLIANCE DE
MEXICO, S.A. DE C.V. DONGBU DAEWOO ELECTRONICS (TIANJIN)CO.LTD. DONGBU DAEWOO MICROWAVE OVEN (TIANJIN) CO.,
LTD. DAEWOO ELECTRONICS CARIBBEAN CORP. DONGBU DAEWOO ELECTRONICS CORPORATION PERU
S.A.C. DONGBU DAEWOO ELECTRONICS CARIBBEAN, INC. PT. DONBU DAEWOO ELECTRONICS INDONESIA DONGBU DAEWOO ELECTRONICS COLOMBIA S.A.S. DONGBU DAEWOO FOR TOURISTIC PROJECTS EGYPT
S.A.E. POST AND TELECOMMUNICATION INSURANCE JOINT
STOCK CORPORATION VIETNAM NATIONAL PETROLEUM TRADING JSC IBS VIETNAM JSC POST REAL ESTATE JSC LANEXANG INSURANCE JSC |
|
Overseas Office |
DONGBU METAL CO., LTD. JAPAN BRANCH DAIICHITAMURACHO BLDG, 6F SHIMBASHI 2-1-10,
MINATO-KU,TOKYO, 105-0004, JAPAN TEL:+81-03-3519-6971~6972
FAX:+81-03-3501-6643 AMERICA BRANCH 1701 E WOODFIELD ROAD UNIT #705 SCHAUMBURG,
IL 60173 TEL:+1-847-463-1464 FAX:+1-847-463-1465 MIDDLE EAST BRANCH 4EB 242, DUBAI AIRPORT FREE ZONE PO BOX
371017, DUBAI, U.A.E. TEL:+971-4-701-7456 FAX:+971-4-701-7457 |
|
Liaison Office |
|
|
Overseas Branch |
|
|
Joint Venture |
POS-HIMETAL CO., LTD.(204611-0030197) (20.0% held by the subject company, 80.0%
held by POSCO(174611-0000741)) |
|
Subsidiary |
DONGBU METAL USA INC. (100.0% held by the subject company) 1701 E. WOODFIELD RD. STE. 705. SCHAUMBURG,
IL 60173 USA DONGBU METAL EUROPE GMBH (100.0% held by the subject company) OBER DER ROETH4, 65824 SCHWALBACH GERMARNY DONGBU METAL JAPAN CO., LTD. |
|
Corporate Ownership |
|
|
Major Shareholders |
|
|
Cooperative Enterprise |
-Insured Company DONGBU INSURANCE CO., LTD.(110111-0095285) |
Sales
by Region (Activity & Markets)
|
Sales/ Unit :Thousand KRW |
06/2017 |
2016 |
2015 |
|
Export |
153,171,302 |
215,364,955 |
323,157,537 |
|
Domestic |
91,629,408 |
146,911,160 |
120,484,153 |
|
Total |
244,800,710 |
362,276,115 |
443,641,690 |
The Subject exports to USA and Japan.
Court
Action
|
Case No. |
Court |
Plaintiff(s)/ Creditor(s)/ Applicant(s) |
Defendant(s)/ Debtor(s)/ Respondent(s) |
Cause |
Amount (Million KRW) |
Status |
|
|
|
ECOMAISTER CO., LTD.(124411-0001264) |
The Subject Company |
Claim for Compensation from Damages |
200 |
Filed as of 04/25/2016 Proceeding |
|
|
|
The Subject Company |
ECOMAISTER CO., LTD.(124411-0001264) |
Claim for Compensation from Damages |
477 |
Filed as of 12/23/2016 Proceeding |
News
Clipping
--
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
INR 63.39 |
|
|
1 |
INR 85.74 |
|
Euro |
1 |
INR 76.25 |
|
KRW |
1 |
INR 0.060 |
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.