|
|
|
MIRA INFORM REPORT
|
Report No. : |
487365 |
|
Report Date : |
19.01.2018 |
IDENTIFICATION DETAILS
|
Name : |
HOA SEN GROUP |
|
|
|
|
Registered Office : |
Song Than II Industrial Park 9 Thong Nhat Highway Di
An Ward, Di An Dist, Binh Duong |
|
|
|
|
Country : |
Vietnam |
|
|
|
|
Financials (as on) : |
June 2017 |
|
|
|
|
Date of Incorporation : |
08.08.2001 |
|
|
|
|
Com. Reg. No.: |
3700381324 |
|
|
|
|
Legal Form : |
Public Listed Company |
|
|
|
|
Line of Business : |
· Manufacture of basic iron and steel and of ferro-alloys · Agents involved in the sale of timber and building materials |
|
|
|
|
No. of Employees : |
4000 [2017] |
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 : |
Excellent |
|
|
|
|
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, 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 was
6.2%, 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 will lead the
dialogue on key APEC priorities such as inclusive growth, innovation, food
security and climate change.
|
Source
: CIA |
Company
Summary
|
|
|
Business Name |
HOA SEN GROUP |
|
Country |
VIET NAM |
|
Company Registration Number |
3700381324 |
|
Main Activity Code |
2410 |
|
Main Activity Description |
Manufacture of basic iron and steel and of
ferro-alloys |
|
Company Status |
Normal (Active) |
|
Latest Turnover Figure |
7.280.384.147.244 |
|
Latest Shareholder Equity Figure |
4.975.873.226.144 |
Basic
Information
|
|
|
Business Name |
HOA SEN GROUP |
|
Registered Company Name |
HOA SEN GROUP |
|
Company Registration Number |
3700381324 |
|
Country |
VIET NAM |
|
VAT Registration Number |
3700381324 |
|
VAT Registration Date |
2001-08-30 |
|
Date of Company Registration |
2007-11-08 |
|
Date of Starting Operations |
2007-11-08 |
|
Legal Form |
Public Listed Company |
|
Type of Ownership |
Registered ownership by Subject Business Entity |
|
Company Status |
Normal (Active) |
|
Contact Telephone Number |
[+84] 28-39990111 |
Main
Address
|
||
|
Address |
Country |
Telephone |
|
183 Nguyen Van Troi Ward 10, Phu Nhuan, Ho Chi
Minh |
VIET NAM |
[+84] 28-39990111 |
Other
Address
|
|
No other addresses for this company. |
Previous
Address
|
|
No previous addresses for this company. |
Activities
|
|
|
Activity Code |
Activity Description |
|
2410 |
Manufacture of basic iron and steel and of ferro-alloys |
|
4613 |
Agents involved in the sale of timber and building
materials |
Email
Addresses
|
Web
Pages
|
Employee
Information
|
|
Date Reported Number of Employees |
|
2017 4000 |
Banker
Information
|
|
HSBC BANK (VIETNAM) LTD HSBC |
Advisors
Information
|
|
Auditor Name Solicitor
Name |
|
ERNST & YOUNG VIETNAM LTD |
Miscellaneous
Information
|
|
|
Fax Number |
[+84] 28-39990222 |
|
Export Countries |
Asia / Pacific, Cambodia, Malaysia, Thailand. |
|
Import Countries |
Asia / Pacific, China, India, Japan, Malaysia,
Thailand. |
|
Additional Business Information |
Core Business: The primary business focus of HOA SEN
GROUP is Manufacturing - Finished products. Key products include: Alloys,
Black steel pipes, Building materials, Coated steel sheets, Cold rolled steel
coils, Galvanized steel pipe, Galvanized steel purlins, Galvanized steel
wire, PVC ceiling, Roofing sheets, Steel products, Steel purlins, Steel wire.
An integral part of the core business includes: Distribution. Supplementary Business: In addition to the core business, HOA SEN GROUP also is engaged in the following areas
of business: Exporting: Exporting - Finished products. Importing: Importing - Raw materials. Service: Specialized
professional services, including: Building construction, Civil construction,
Equipment rental, Machinery rentals. |
|
Additional Payment Information |
Selling Type: Local Terms:
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: Import Terms: Letter of
Credit (At-sight), Telegraphic Transfer (T/T) - Executed at time of
transaction. Local: Credit - Unsecured 30~60 days, Cash on delivery (COD). |
|
Additional Financial Information |
Financial Statements were prepared as at 30.06.17,
30.09.16 and 30.09.15.Financials - Summary[Year: Turnover: Assets: Net Income]:
2012 Annual: 485,529,574; 255,607,508; 17,676,321. 2013 Annual: 558,260,340; 338,682,687; 27,543,493;
2014 Annual: 709,674,539; 482,682,253; 19,407,403. |
|
Number of Employees at Address |
4000 |
Additional
Miscellaneous Information
|
|
|
Name in Local Language |
CÔNG TY CỔ PHẦN TẬP
ĐOÀN HOA SEN. |
|
Primary Business Activity |
Manufacturer. |
|
Key Industry |
Metals & Metal Products. |
|
Registered Legal Address |
Song Than II Industrial Park 9 Thong Nhat Highway Di
An Ward, Di An Dist, Binh Duong, Vietnam. |
|
Issuing Authority |
DEPT. OF PLANNING & INVESTMENT - Binh Duong. |
|
Legal Form |
Joint Stock Company. |
|
Legal Form – Abbreviation |
JSC. |
|
Capital |
US$ 154066348. |
|
Note |
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. 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 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: 8 Aug, 2001, License No.:
4603000028. |
|
Primary Products[Products / Materials / Services Description: Activity] |
Alloys, Black
steel pipes, Building materials, Coated steel
sheets, Cold rolled
steel coils: Manufacturing, Exporting. |
|
Domestic Sales and Purchases [Annual Sales Analysis: Percentage] |
Domestic Sales: 70%,
International Sales (Export): 30%. Local Purchases: 50%, Imports: 50%. |
|
Stock Exchange Listing Details |
Country: Vietnam; Name
of Stock Exchange: Name: HOCHIMINH STOCK EXCHANGE;
Acronym: HOSE; Stock Symbol / No.: HSG; Date of listing:
5 Dec, 2008. |
|
Capital[Date: Authorized Capital - History: Paid-up Capital - History] |
8 Aug, 2001: 1,007,907,900,000; Mar, 2016:
1,310,270,670,000; 10 Jun, 2016: 1,965,398,290,000; 20 Apr, 2017: 2,000,000,000,000; 7 Jun, 2017:
3,499,966,830,000. Mar, 2016: 1,310,270,670,000; 20 Apr, 2017: 2,000,000,000,000. |
|
Reputation |
Reference checking for the purpose of establishing
HOA SEN GROUP's reputation within the respective industry failed to reveal
any adverse information. |
|
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: JOINT STOCK
COMMERCIAL BANK FOR FOREIGN TRADE
OF VIETNAM;
Global Identifier: 32400479; Branch: JOINT STOCK COMMERCIAL
BANK FOR FOREIGN TRADE OF
VIETNAM - VUNG TAU; Branch Address: Vung Tau; SWIFT Code: BFTVVNVX. Bank
Name: JOINT STOCK COMMERCIAL BANK FOR FOREIGN TRADE
OF VIETNAM;
Global Identifier: 32400479;
Branch: JOINT STOCK
COMMERCIAL BANK FOR
FOREIGN TRADE OF
VIETNAM - HO CHI MINH; Branch Address: Ho Chi Minh; SWIFT Code:
BFTVVNVX. 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,
TRANSACTION OFFICE; Branch Address: Transaction Office; SWIFT Code: BIDVVNVX. |
|
International Trade - Statistics[Year: Imports: Exports: Total] |
2012: n/a: 145,658,872: 145,658,872; 2013:
n/a: 167,478,102: 167,478,102. |
|
Office and Facilities |
The following information relates to the Business Entity's office as listed
above: Name: HOA SEN GROUP
- PHU NHUAN, HO CHI MINH; Primary Use: Office & Administration facilities; Other Use: This
facility is also used for
Manufacturing; Building Size: 17 Hectares; Address: 183 Nguyen Van
Troi Ward 10, Phu Nhuan, Ho Chi Minh; Country: Vietnam; Status: Operational. |
|
Quality Accreditation[Name: Accreditation Category] |
Quality Accreditation
Listings: INTERNATIONAL STANDARDS ORGANIZATION (ISO): 9001:2008; INTERNATIONAL STANDARDS ORGANIZATION (ISO): 9001:2000. |
|
Approved Signatures |
The Company Director/s listed below maintain the legal right
to sign on behalf of the company: Name: Mr. Chu
Ngoc Tran; Ms. Lan Ngoc Thi Nguyen. |
Financials
|
Financial Year |
2017-06 |
2015-09 |
2015-09 |
|
Number of Weeks |
26 |
52 |
52 |
|
Currency |
VND |
VND |
VND |
|
Consolidated Accounts |
Yes |
Yes |
Yes |
|
Profit and Loss |
|
|
|
|
Revenue |
7.280.384.147.244 |
17.893.715.480.953 |
17.446.871.577.822 |
|
Operating Costs |
- |
13.717.393.786.963 |
14.869.355.353.248 |
|
Operating Profit |
7.280.384.147.244 |
4.176.321.693.990 |
2.577.516.224.574 |
|
Wages & Salaries |
- |
- |
- |
|
Pension Costs |
- |
- |
- |
|
Depreciation |
- |
- |
- |
|
Amortisation |
- |
- |
- |
|
Financial Income |
- |
38.428.728.972 |
31.594.688.388 |
|
Financial Expenses |
- |
255.684.384.136 |
424.655.641.040 |
|
Extraordinary Income |
- |
12.438.447.274 |
64.879.565.362 |
|
Extraordinary Costs |
- |
2.064.754.735.419 |
1.417.019.566.891 |
|
Profit before Tax |
652.874.541.807 |
1.906.749.750.681 |
832.315.270.393 |
|
Tax |
- |
402.560.227.354 |
179.440.728.586 |
|
Profit after Tax |
652.874.541.807 |
1.504.189.523.327 |
652.874.541.807 |
|
Dividends |
- |
- |
- |
|
Minority Interests |
- |
- |
- |
|
Other Appropriations |
- |
- |
- |
|
Retained Profit |
271.577.366.369 |
1.504.189.523.327 |
652.874.541.807 |
|
Balance Sheet |
|
|
|
|
Land & Buildings |
0 |
0 |
0 |
|
Plant & Machinery |
0 |
0 |
0 |
|
Other Tangible Assets |
0 |
0 |
0 |
|
Total Tangible Assets |
0 |
4.010.721.553.262 |
3.403.033.912.877 |
|
Goodwill |
0 |
0 |
0 |
|
Other Intangible Assets |
0 |
0 |
0 |
|
Total Intangible Assets |
0 |
293.311.469.867 |
294.658.947.373 |
|
Investments |
0 |
25.902.371.384 |
38.352.640.301 |
|
Loans to Group |
0 |
0 |
0 |
|
Other Loans |
0 |
0 |
0 |
|
Miscellaneous Fixed Assets |
7.727.660.493.073 |
922.554.427.881 |
535.360.271.802 |
|
Total Other Fixed Assets |
7.727.660.493.073 |
948.456.799.265 |
573.712.912.103 |
|
Total Fixed Assets |
7.727.660.493.073 |
5.252.489.822.394 |
4.271.405.772.353 |
|
Raw Materials |
0 |
0 |
0 |
|
Work in Progress |
0 |
0 |
0 |
|
Finished Goods |
0 |
0 |
0 |
|
Other Inventories |
0 |
0 |
0 |
|
Total Inventories |
0 |
4.821.500.983.389 |
3.543.824.680.642 |
|
Trade Receivables |
0 |
512.883.028.481 |
463.585.455.917 |
|
Group Receivables |
0 |
0 |
0 |
|
Receivables Due after 1 year |
0 |
0 |
0 |
|
Miscellaneous Receivables |
0 |
0 |
308.388.581.346 |
|
Total Receivables |
0 |
512.883.028.481 |
771.974.037.263 |
|
Cash |
0 |
576.477.183.208 |
276.693.474.303 |
|
Other Current Assets |
0 |
1.146.634.918.001 |
576.716.054.302 |
|
Total Current Assets |
9.698.074.143.098 |
7.057.496.113.079 |
5.169.208.246.510 |
|
Total Assets |
17.425.734.636.171 |
12.309.985.935.473 |
9.440.614.018.863 |
|
Trade Payables |
0 |
1.620.489.926.985 |
626.270.248.080 |
|
Bank Liabilities |
0 |
0 |
0 |
|
Other Loans or Finance |
0 |
4.366.172.782.781 |
4.521.419.411.847 |
|
Group Payables |
0 |
0 |
0 |
|
Miscellaneous Liabilities |
0 |
770.724.657.631 |
407.255.782.390 |
|
Total Current Liabilities |
9.685.328.232.638 |
6.757.387.367.397 |
5.554.945.442.317 |
|
Trade Payables After 1 Year |
0 |
0 |
0 |
|
Bank Liabilities After 1 Year |
0 |
0 |
0 |
|
Other Loans or Finance due after 1 year |
0 |
1.418.572.001.810 |
969.894.221.023 |
|
Group Payables After 1 Year |
0 |
0 |
0 |
|
Miscellaneous Liabilities Due After 1 Year |
0 |
4.054.002.000 |
5.051.890.000 |
|
Total Long Term Liabilities |
2.764.533.177.389 |
1.422.626.003.810 |
974.946.111.023 |
|
Total Liabilities |
12.449.861.410.027 |
8.180.013.371.207 |
6.529.891.553.340 |
|
Called Up Share Capital |
0 |
1.965.398.290.000 |
1.007.907.900.000 |
|
Share Premium |
0 |
0 |
0 |
|
Revenue Reserves |
0 |
1.602.771.684.847 |
1.452.507.322.241 |
|
Other Reserves |
0 |
561.802.589.419 |
450.307.243.282 |
|
Total Shareholders Equity |
4.975.873.226.144 |
4.129.972.564.266 |
2.910.722.465.523 |
|
Other Financials |
|
|
|
|
Contingent Liabilities |
|
|
|
|
Working Capital |
12.745.910.460 |
300.108.745.682 |
-385.737.195.807 |
|
Net Worth |
0 |
3.836.661.094.399 |
2.616.063.518.150 |
|
Ratios |
|
|
|
|
Pre Tax Profit Margin |
8.97 |
10.66 |
4.77 |
|
Return On Capital Employed |
8.43 |
34.34 |
21.42 |
|
Return On Total Assets Employed |
3.75 |
15.49 |
8.82 |
|
Return On Net Assets Employed |
13.12 |
46.17 |
28.59 |
|
Sales / Net Working Capital |
571.19 |
59.62 |
-45.23 |
|
Stock Turnover Ratio |
|
26.95 |
20.31 |
|
Debtor Days |
|
10.46 |
9.7 |
|
Creditor Days |
|
33.06 |
13.1 |
|
Current Ratio |
1 |
1.04 |
0.93 |
|
Liquidity Ratio Or Acid Test |
|
0.33 |
0.29 |
|
Current Debt Ratio |
1.95 |
1.64 |
1.91 |
|
Gearing |
|
|
|
|
Equity In Percentage |
|
34.37 |
31.83 |
|
Total Debt Ratio |
2.5 |
1.98 |
2.24 |
Additional
Financials
|
|
Gross Profit |
Current
Directors
|
||||
|
Name |
Gender |
Address |
Date of Birth |
Position |
|
Vu Phuoc Le |
Male |
Vietnam |
1963-05-28 |
Chairman |
|
Hieu Thanh Ho |
Male |
Vietnam |
|
Deputy Managing Director |
|
Huy Duc Hoang |
Male |
Vietnam |
1958-06-23 |
Deputy Managing Director |
|
Khoa Minh Nguyen |
Male |
Vietnam |
|
Deputy Managing Director |
|
Lan Ngoc Thi Nguyen |
Female |
Vietnam |
1969-01-21 |
Chief Accountant |
|
Chu Ngoc Tran |
Male |
Vietnam |
1962-05-10 |
Managing Director |
|
Pham Quoc Tran |
Male |
Vietnam |
1973-03-07 |
Deputy Managing Director (2016-06-11) |
|
Tri Quoc Tran |
Male |
Vietnam |
1979-05-19 |
Deputy Managing Director |
|
Thanh Van Vu |
Male |
Vietnam |
|
Deputy Managing Director |
|
Tuan Gia Pham |
Male |
|
|
Director |
Previous
Directors
|
|
No previous directors for this company. |
Share
Capital Structure
|
|
Nominal Share Capital 3.499.966.830.000 |
|
Issued Share Capital 2.000.000.000.000 |
Shareholders
|
|
|
|
Shareholder |
Address |
% Shares
Held |
|
Public shareholding traded via Stock
Exchange |
Vietnam |
31.68 |
|
HOA SEN HOLDINGS GROUP CO LTD |
Vietnam |
25.1 |
|
HOA SEN INVESTMENT AND TOURISM CO
LTD |
Vietnam |
20.25 |
|
TAM THIEN TAM CO LTD |
Vietnam |
6.92 |
|
Vu Phuoc Le |
Vietnam |
4.78 |
|
BEIRA LTD |
Vietnam |
4.52 |
|
VIETNAM ENTERPRISE INVESTMENTS LTD |
Vietnam |
2.81 |
|
DEUTSCHE BANK AG |
United Kingdom |
2.02 |
|
NORGES BANK |
Norway |
1.71 |
|
Xuan Van Ly |
Vietnam |
0.09 |
|
Chu Ngoc Tran |
Vietnam |
0.08 |
|
Thanh Van Vu |
Vietnam |
0.02 |
|
Khoa Minh Nguyen |
Vietnam |
0.01 |
|
Nam Vu Le |
Vietnam |
0.01 |
Ultimate
Holding Parent
|
|
No Ultimate Holding Parent for this company. |
Immediate
Holding Parent
|
|
No Immediate Holding Parent for this company. |
Subsidaries
|
|||
|
Name |
Status |
Registration Number |
Address |
|
HOA SEN BINH DINH ONE MEMBER LLC |
Active |
P3428047 |
Lot A1.1 &
TT6.2 & 7 Nhon Hoa Industrial Park Nhon Hoa Ward, An Nhon, Binh Dinh |
|
HOA SEN BUILDING MATERIALS ONE MEMBER LLC |
Active |
P3428040 |
Phu My I Industrial Park 2B St Phu My Town, Tan Thanh,
Ba Ria-Vung Tau |
|
HOA SEN HA NAM ONE MEMBER LLC |
Active |
P3428287 |
Dong Van III Industrial
Park Yen Bac COmmune, Duy Tien, Ha
Nam |
|
HOA SEN NAM CAM NGHE AN ONE MEMBER LLC |
Active |
P3428283 |
Nam Cam Industrial Park
- Block C Nghi Xa Commune, Nghi Loc Dist, Nghe An |
|
HOA SEN NGHE AN ONE MEMBER LLC |
Active |
P3428292 |
Lot CN 1-8 Dong Hoi Industrial Park Quynh Lap Commune
Town, Nghe An |
|
HOA SEN NHON HOI - BINH DINH ONE MEMBER LLC |
Active |
P3428288 |
Hoi Son Village Nhon Hoi Commune, Quy Nhon, Binh
Dinh |
|
HOA SEN STEEL SHEET ONE MEMBER LLC |
Active |
P3428033 |
Song Than 2 Industrial Park 9 Thong Nhat Blvd, Di An Dist, Binh Duong |
|
HOA SEN TRANSPORTATION AND
ENGINEERING ONE MEMBER LLC |
Active |
P3428042 |
Song Than 2 Industrial Park 9 Thong Nhat Blvd Di An Ward, Di An Dist, Binh Duong |
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 63.84 |
|
|
1 |
INR 88.28 |
|
Euro |
1 |
INR 77.88 |
|
VND |
1 |
INR 0.0028 |
Note :
Above are approximate rates obtained from sources believed to be correct
INFORMATION DETAILS
|
Analysis Done by
: |
NIY |
|
|
|
|
Report Prepared
by : |
SYL |
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.