|
|
|
MIRA INFORM REPORT
|
Report No. : |
494224 |
|
Report Date : |
05.03.2018 |
IDENTIFICATION DETAILS
|
Name : |
AL SOBEL RESOURCES |
|
|
|
|
Registered Office : |
D-02-10 Ppr Cochrane, 55100 Kuala Lumpur, Wilayah Persekutuan |
|
|
|
|
Country : |
Malaysia |
|
|
|
|
Date of Incorporation : |
12.10.2017 |
|
|
|
|
Com. Reg. No.: |
SA0447016-X |
|
|
|
|
Legal Form : |
Sole Proprietorship |
|
|
|
|
Line of Business : |
The Subject is engaged in the trading of beans,
palm oil, chemicals and machineries. |
|
|
|
|
No. of Employees : |
Not Available |
RATING & COMMENTS
(Mira Inform has adopted New Rating mechanism w.e.f. 23rd
January 2017)
|
MIRA’s Rating : |
NB |
|
Credit Rating |
Explanation |
Rating Comments |
|
NB |
New Business |
No recommendation can be done due to
business in infancy stage |
|
Status : |
New Business |
|
|
|
|
Payment Behaviour : |
Unknown |
|
|
|
|
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 (30.09.2017) |
Current Rating (31.12.2017) |
|
Malaysia |
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 |
MALAYSIA - ECONOMIC OVERVIEW
Malaysia, an upper middle-income country, has transformed itself since the 1970s from a producer of raw materials into a multi-sector economy. Under current Prime Minister NAJIB, Malaysia is attempting to achieve high-income status by 2020 and to move further up the value-added production chain by attracting investments in high technology, knowledge-based industries and services. NAJIB's Economic Transformation Program is a series of projects and policy measures intended to accelerate the country's economic growth. The government has also taken steps to liberalize some services sub-sectors. Malaysia is vulnerable to a fall in world commodity prices or a general slowdown in global economic activity.
The NAJIB administration is continuing efforts to boost domestic demand and reduce the economy's dependence on exports. Domestic demand continues to anchor economic growth, supported mainly by private consumption, which accounts for 53% of GDP. Nevertheless, exports - particularly of electronics, oil and gas, and palm oil - remain a significant driver of the economy. In 2015, gross exports of goods and services were equivalent to 73% of GDP. The oil and gas sector supplied about 22% of government revenue in 2015, down significantly from prior years amid a decline in commodity prices and diversification of government revenues. Malaysia has embarked on a fiscal reform program aimed at achieving a balanced budget by 2020, including rationalization of subsidies and the 2015 introduction of a 6% value added tax. Sustained low commodity prices throughout the period not only strained government finances, but also shrunk Malaysia’s current account surplus and weighed heavily on the Malaysian ringgit, which was among the region’s worst performing currencies during 2013-17. The ringgit hit new lows following the US presidential election amid a broader selloff of emerging market assets.
Bank Negara Malaysia (the central bank) maintains adequate foreign exchange reserves; a well-developed regulatory regime has limited Malaysia's exposure to riskier financial instruments, although it remains vulnerable to volatile global capital flows. In order to increase Malaysia’s competitiveness, Prime Minister NAJIB raised possible revisions to the special economic and social preferences accorded to ethnic Malays under the New Economic Policy of 1970, but retreated in 2013 after he encountered significant opposition from Malay nationalists and other vested interests. In September 2013 NAJIB launched the new Bumiputra Economic Empowerment Program, policies that favor and advance the economic condition of ethnic Malays.
Malaysia signed the 12-nation Trans-Pacific Partnership (TPP) free trade agreement in February 2016, although the future of the TPP remains unclear following the US withdrawal from the agreement. Along with nine other ASEAN members, Malaysia established the ASEAN Economic Community in 2015, which aims to advance regional economic integration.
|
Source
: CIA |
EXECUTIVE
SUMMARY
|
REGISTRATION
NO. |
: |
SA0447016-X |
|
GST
NO. |
: |
N/A |
|
COMPANY
NAME |
: |
AL
SOBEL RESOURCES |
|
COMMENCEMENT
DATE |
: |
12/10/2017 |
|
REGISTRATION
DATE |
: |
12/10/2017 |
|
EXPIRY
DATE |
: |
11/10/2018 |
|
COMPANY
STATUS |
: |
ACTIVE |
|
BUSINESS
CONSTITUTION |
: |
SOLE
PROPRIETORSHIP |
|
BUSINESS
ADDRESS |
: |
D-02-10
PPR COCHRANE, 55100 KUALA LUMPUR, WILAYAH PERSEKUTUAN, MALAYSIA. |
|
TEL.NO. |
: |
N/A |
|
FAX.NO. |
: |
N/A |
|
CONTACT
PERSON |
: |
N/A |
|
INDUSTRY
CODE |
: |
46202
|
|
PRINCIPAL
ACTIVITY |
: |
TRADING
OF BEANS, PALM OIL, CHEMICALS AND MACHINERIES |
|
STAFF
STRENGTH |
: |
N/A |
|
LITIGATION |
: |
CLEAR |
|
DEFAULTER
CHECK |
: |
CLEAR |
|
PAYMENT |
: |
UNKNOWN |
|
MANAGEMENT
CAPABILITY |
: |
N/A |
|
COMMERCIAL
RISK |
: |
N/A |
|
CURRENCY
EXPOSURE |
: |
N/A |
|
GENERAL
REPUTATION |
: |
N/A |
|
INDUSTRY
OUTLOOK |
: |
MATURE |
HISTORY
/ BACKGROUND
|
The
Subject commenced its business on 12/10/2017 as a SOLE PROPRIETORSHIP.
The
Subject is a sole proprietorship, that is, it has a single owner whose
liabilities are unlimited. In case the Subject is unable to meet all its
obligations, the creditors can claim on the owner's personal assets. The sole
proprietorship ceases upon the death of the owner or any time at the discretion
of the owner. The ownership is non-transferable. Under the law, the Subject has
to file in its information with Registrar of Business but it is not required to
file in its financial statements.
The
Subject is principally engaged in the (as a / as an) trading of beans, palm
oil, chemicals and machineries.
The
Subject is not listed on Bursa Malaysia (Malaysia Stock Exchange).
The
owner of the Subject are shown as follows :
Current Shareholder(s) :
|
Name |
Address |
IC/PP/Loc
No |
Shareholding |
(%) |
|
MR.
MUHAMMAD SOLEHIN BIN MD NASIR |
D-2-10
PPR COCHRANE, JALAN KELEDEK, CHERAS , 55100 KUALA LUMPUR, WILAYAH
PERSEKUTUAN, MALAYSIA. |
950412-07-5375 |
100.00 |
100.00 |
|
--------------- |
------ |
|||
|
100.00 |
100.00 |
|||
|
============ |
===== |
+
Also Director
OWNERS
|
OWNER(S) 1
|
Name
Of Subject |
: |
MR.
MUHAMMAD SOLEHIN BIN MD NASIR |
|
Address |
: |
D-2-10
PPR COCHRANE, JALAN KELEDEK, CHERAS, 55100 KUALA LUMPUR, WILAYAH PERSEKUTUAN,
MALAYSIA. |
|
New
IC No |
: |
950412-07-5375 |
|
Date
of Birth |
: |
12/04/1995 |
|
Nationality |
: |
MALAYSIAN |
|
Date
of Appointment |
: |
12/10/2017 |
|
Shareholding |
: |
100%
|
INTEREST CHECK
|
Interest
in companies |
: |
none
in our databank |
|
Interest
in business |
: |
see
below |
INTEREST
IN BUSINESS
|
Business |
Position |
Shareholding |
As
At |
|
AL
SOBEL RESOURCES |
SOLE
PROPRIETORSHIP |
100.00
|
25/01/2018
|
|
AWNETOR
RECT RESOURCES |
SOLE
PROPRIETORSHIP |
100.00
|
25/01/2018
|
|
XIAMEN
DOINGCOM CHEMICAL RESOURCES |
SOLE
PROPRIETORSHIP |
100.00
|
25/01/2018
|
MANAGEMENT
|
No data found in our databank.
AUDITOR
|
No Auditor found in our databank
BANKING
|
No Banker found in our databank.
LITIGATION
CHECK - SUBJECT COMPANY AS A DEFENDANT
|
* A check has been conducted in our databank against the Subject whether the Subject
has been involved in any litigation. Our databank consists of 99% of the wound
up companies in Malaysia.
No legal action was found in our databank.
DEFAULTER
CHECK AGAINST SUBJECT
|
* We have checked through the Subject in our defaulters' database which
comprised of debtors that have been blacklisted by our customers and debtors
that have been placed or assigned to us for collection.
No blacklisted record & debt collection case was found in our defaulters'
databank.
PAYMENT
RECORD
|
|
||
|
SOURCES
OF RAW MATERIALS: |
||
|
Local |
: |
N/A |
|
Overseas |
: |
N/A |
CLIENTELE
|
No data found in our databank.
OPERATIONS
|
|
Branch |
: |
NO |
Other
Information:
The Subject is principally engaged in the (as a / as an) trading of beans, palm
oil, chemicals and machineries.
RECENT
DEVELOPMENT
|
We have checked with the Malaysian National News Agency's (BERNAMA)database, but
no recent development was noted during the time of inspection.
CURRENT
INVESTIGATION
|
Latest
fresh investigations carried out on the Subject indicated that :
|
Telephone
Number Provided By Client |
: |
60-14-6652-143
|
|
Current
Telephone Number |
: |
N/A |
|
Match |
: |
N/A |
|
Address
Provided by Client |
: |
140,
JALAN TUN RAZAK 50300 KUALA LUMPUR WILAYAH PERSUKUTUAN KUALA LUMPUR |
|
Current
Address |
: |
D-02-10
PPR COCHRANE, 55100 KUALA LUMPUR, WILAYAH PERSEKUTUAN, MALAYSIA. |
|
Match |
: |
N/A |
Other
Investigations
We were unable to contact the Subject and its owner.
The contact number provided is not answered despite contacted on numerous times
on 27/2/2018.
We were unable to verify the address provided. As per registry the business
address belongs to the Owner's residence. However we were unable to verify this
as we could not contact the Subject and its Owner.
FINANCIAL
ANALYSIS
|
|
|
|
We
are unable to comment on the Subject financial position as the Subject is not
required by the law to file its financial statement in the Registrar of
Business. |
||||||
|
Overall
financial condition of the Subject : N/A |
||||||
|
|
||||||
MALAYSIA
ECONOMIC / INDUSTRY OUTLOOK
|
|
Major
Economic Indicators: |
2014 |
2015 |
2016 |
2017* |
2018** |
|
Population
( Million) |
30.0 |
31.0 |
31.6 |
32.1 |
32.9 |
|
Gross
Domestic Products ( % ) |
6.0 |
4.6 |
4.2 |
5.3 |
5.4 |
|
Domestic
Demand ( % ) |
6.4 |
6.2 |
4.3 |
6.3 |
6.4 |
|
Private
Expenditure ( % ) |
7.9 |
6.9 |
7.8 |
7.4 |
7.3 |
|
Consumption
( % ) |
6.5 |
6.1 |
5.1 |
6.9 |
6.8 |
|
Investment
( % ) |
12.0 |
8.1 |
10.0 |
9.3 |
8.9 |
|
Public
Expenditure ( % ) |
2.3 |
4.2 |
3.3 |
5.3 |
5.5 |
|
Consumption
( % ) |
2.1 |
4.3 |
2.0 |
2.7 |
1.3 |
|
Investment
( % ) |
2.6 |
(1.0) |
1.1 |
3.4 |
3.8 |
|
Balance
of Trade ( MYR Million ) |
82,480 |
91,577 |
88,145 |
94,593 |
96,993 |
|
Government
Finance ( MYR Million ) |
(37,414) |
(37,194) |
(38,401) |
(39,887) |
(39,790) |
|
Government
Finance to GDP / Fiscal Deficit ( % ) |
(3.4) |
(3.2) |
(3.1) |
(3.0) |
(2.8) |
|
Inflation
( % Change in Composite CPI) |
3.2 |
4.0 |
2.1 |
3.5 |
3.0 |
|
Unemployment
Rate |
2.9 |
3.1 |
3.4 |
3.4 |
3.3 |
|
Net
International Reserves ( MYR Billion ) |
417 |
390 |
391 |
- |
- |
|
Average
Risk-Weighted Capital Adequacy Ratio ( % ) |
4.00 |
3.50 |
- |
- |
- |
|
Average
3 Months of Non-performing Loans ( % ) |
2.10 |
2.00 |
1.90 |
- |
- |
|
Average
Base Lending Rate ( % ) |
6.85 |
6.79 |
6.81 |
6.73 |
- |
|
Business
Loans Disbursed( % ) |
18.6 |
2.2 |
- |
- |
- |
|
Foreign
Investment ( MYR Million ) |
43,486.6 |
43,435.0 |
- |
- |
- |
|
Consumer
Loans ( % ) |
- |
- |
- |
- |
- |
|
Registration
of New Companies ( No. ) |
49,203 |
45,658 |
43,255 |
- |
- |
|
Registration
of New Companies ( % ) |
6.1 |
(7.2) |
(5.3) |
- |
- |
|
Liquidation
of Companies ( No. ) |
11,099 |
7,066 |
- |
- |
- |
|
Liquidation
of Companies ( % ) |
(19.5) |
(36.3) |
- |
- |
- |
|
Registration
of New Business ( No. ) |
332,723 |
364,230 |
376,720 |
- |
- |
|
Registration
of New Business ( % ) |
1.0 |
9.0 |
3.0 |
- |
- |
|
Business
Dissolved ( No. ) |
21,436 |
- |
- |
- |
- |
|
Business
Dissolved ( % ) |
18.0 |
- |
- |
- |
- |
|
Sales
of New Passenger Cars (' 000 Unit ) |
588.3 |
591.3 |
514.6 |
527.8 |
- |
|
Cellular
Phone Subscribers ( Million ) |
44.0 |
44.2 |
44.0 |
- |
- |
|
Tourist
Arrival ( Million Persons ) |
27.4 |
25.7 |
30.2 |
30.1 |
- |
|
Hotel
Occupancy Rate ( % ) |
63.6 |
58.8 |
61.2 |
- |
- |
|
Credit
Cards Spending ( % ) |
5.8 |
6.8 |
6.3 |
- |
- |
|
Bad
Cheque Offenders (No.) |
- |
- |
- |
- |
- |
|
Individual
Bankruptcy ( No.) |
22,351 |
18,457 |
- |
- |
- |
|
Individual
Bankruptcy ( % ) |
1.7 |
(17.4) |
- |
- |
- |
|
INDUSTRIES
( % of Growth ): |
2014 |
2015 |
2016 |
2017* |
2018** |
|
Agriculture |
2.0 |
1.3 |
(5.1) |
5.6 |
2.4 |
|
Palm
Oil |
6.7 |
7.0 |
(12.7) |
11.8 |
- |
|
Rubber |
(10.4) |
(11.0) |
(6.3) |
10.8 |
- |
|
Forestry
& Logging |
(4.2) |
(7.2) |
(3.0) |
(15.0) |
- |
|
Fishing |
2.7 |
2.1 |
2.2 |
0.2 |
- |
|
Other
Agriculture |
6.2 |
6.0 |
5.1 |
2.4 |
- |
|
Industry
Non-Performing Loans ( MYR Million ) |
303.8 |
343.7 |
420.3 |
- |
- |
|
%
of Industry Non-Performing Loans |
1.4 |
1.5 |
1.8 |
- |
- |
|
Mining |
3.3 |
5.3 |
2.2 |
0.5 |
0.9 |
|
Oil
& Gas |
3.0 |
3.5 |
4.5 |
- |
- |
|
Other
Mining |
46.6 |
47.1 |
42.6 |
- |
- |
|
Industry
Non-performing Loans ( MYR Million ) |
63.5 |
180.1 |
190.0 |
- |
- |
|
%
of Industry Non-performing Loans |
0.3 |
0.8 |
0.8 |
- |
- |
|
Manufacturing
# |
6.1 |
4.9 |
4.4 |
5.5 |
5.3 |
|
Exported-oriented
Industries |
7.1 |
6.5 |
4.3 |
6.5 |
- |
|
Electrical
& Electronics |
11.8 |
9.2 |
6.8 |
9.3 |
- |
|
Rubber
Products |
(1.3) |
5.1 |
5.0 |
6.9 |
- |
|
Wood
Products |
7.8 |
7.0 |
7.8 |
7.3 |
- |
|
Textiles
& Apparel |
10.8 |
7.5 |
7.5 |
7.4 |
- |
|
Domestic-oriented
Industries |
7.7 |
4.7 |
3.4 |
6.2 |
- |
|
Food,
Beverages & Tobacco |
6.1 |
8.9 |
7.5 |
11.0 |
- |
|
Chemical
& Chemical Products |
1.4 |
3.5 |
4.5 |
3.5 |
- |
|
Plastic
Products |
2.7 |
3.9 |
5.1 |
- |
- |
|
Iron
& Steel |
2.8 |
1.6 |
2.2 |
- |
- |
|
Fabricated
Metal Products |
2.8 |
4.6 |
5.6 |
4.6 |
- |
|
Non-metallic
Mineral |
6.9 |
6.8 |
6.3 |
5.4 |
- |
|
Transport
Equipment |
14.4 |
5.2 |
(3.1) |
4.7 |
- |
|
Paper
& Paper Products |
4.7 |
3.2 |
5.4 |
5.8 |
- |
|
Crude
Oil Refineries |
13.0 |
14.3 |
13.7 |
- |
- |
|
Industry
Non-Performing Loans ( MYR Million ) |
5,730.8 |
4,243.7 |
4,214.1 |
- |
- |
|
%
of Industry Non-Performing Loans |
25.6 |
19.0 |
18.5 |
- |
- |
|
Construction |
11.7 |
8.2 |
7.4 |
7.6 |
7.5 |
|
Industry
Non-Performing Loans ( MYR Million ) |
1,666.4 |
1,638.0 |
1,793.9 |
- |
- |
|
%
of Industry Non-Performing Loans |
7.5 |
7.3 |
7.9 |
- |
- |
|
Services |
6.6 |
5.1 |
5.6 |
5.9 |
5.8 |
|
Electric,
Gas & Water |
3.8 |
3.6 |
5.4 |
2.5 |
2.6 |
|
Transport,
Storage & Communication |
7.70 |
7.55 |
6.85 |
7.35 |
7.30 |
|
Wholesale,
Retail, Hotel & Restaurant |
7.70 |
6.65 |
6.65 |
7.05 |
6.65 |
|
Finance,
Insurance & Real Estate |
5.15 |
2.90 |
4.70 |
5.70 |
5.90 |
|
Government
Services |
6.3 |
4.0 |
4.9 |
4.4 |
4.5 |
|
Other
Services |
4.8 |
4.7 |
4.8 |
5.3 |
5.3 |
|
Industry
Non-Performing Loans ( MYR Million ) |
5,373.5 |
6,806.6 |
7,190.6 |
- |
- |
|
%
of Industry Non-Performing Loans |
24.1 |
30.5 |
31.5 |
- |
- |
|
*
Estimate / Preliminary |
|||||
|
**
Forecast |
|||||
|
#
Based On Manufacturing Production Index
|
|||||
INDUSTRY
ANALYSIS
|
|
MSIC
CODE |
|
|
46202
: Wholesale of palm oil |
|
|
INDUSTRY
: |
PALM
OIL |
|
According
to the Malaysian Palm Oil Council (MPOC), Malaysia currently accounts for 39%
of world palm oil production and 44% of world exports in year 2014. Malaysia
is also one of the biggest producers and exporters of oil palm and palm oil
products. In the last 5 years until year 2014, Malaysia earned between RM50
billion and RM70 billion a year from palm oil exports. |
|
|
Besides,
the ongoing implementation of Entry Point Projects (EPPs) under the National Key
Economic Area (NKEA) on palm oil to enhance productivity of upstream and
downstream activities will further boost the palm oil sector. Thus, palm oil
sector is expected to grow 6.7% in 2014 (2013: 2.6%). Moreover, the total oil
palm planted areas increased 2.8% to 5.3 million hectares as at end-June 2014
(end-June 2013: 5.2 million hectares) following the opening of 30,544
hectares of cultivated areas mainly in Sabah and Sarawak. Other than that,
the production of palm oil is expected to growth by 1.6% (19.52 million
tonnes) in year 2014, compared to 19.22 million tonnes in year 2013. |
|
|
According
to Kenanga Research, the estimated average crude palm oil (CPO) price for
2014 and 2015 is between RM2,100 and RM2,500 per tonne due to lower inventory
estimate by end-2015. The estimated prices also lifted by factors such as
biofuel demand and petroleum price level. But, the average price of crude
palm oil (CPO) strengthened to RM2,542 per tonne during the first eight
months of 2014 (January - August 2013: Rm2,309 per tonne). However, with
production rising in the second quarter coupled with high inventory level
(end-August 2014: 2.1 million tonnes), the price of CPO moderated to RM2,162
per tonne as at end-August 2014, and hitting a five-year low of RM1,914 per
tonne in Sept 2014 as stockpiles surged to a more than 1 year high above 2
million tonnes. The moderation in CPO prices was also due to a surge in
global supplies of edible oil, particularly the bumper harvest of soybean in
the US. |
|
|
Over
the total exports of major products in year 2013, palm oil accounts 6.4% of
share in the total exports. During the first seven months of 2014, export
receipts of palm oil rebounded by 4.9% to RM25.8 billion (January - July
2013: -21.9%, RM 24.6 billion) due to higher export prices averaging RM 2,703
per tonne (January - July 2013: Rm 2,456 per tonne). As a measure to reduce
the high inventory due to strong output, the Government has exempted export
tax on CPO until December 2014. The Government's move to extend the export
duty exemption for crude palm oil (CPO) has received positive reaction from
industry players. The chairman of Malaysian Palm Oil Board (MPOB) said the
move provided a stable effect on the CPO market prices. |
|
|
In
Budget 2015, there is an allocation of RM41 million for smallholders to plant
and replant oil palm. The incentives for commodities announced in Budget 2015
will help alleviate the problems faced by the industry, especially the poor
prices for rubber and palm oil. |
|
|
According
to the Minister of Plantation Industries and Commodities, the Malaysian
government will increase the amount of palm oil based bio-diesel in the
national diesel supply mix from November 2014, in a move that will also help
to increase consumption of crude palm oil (CPO) and reduce stockpile levels
of the commodity. The implementation of the B7 blend will also increase the
use palm oil which prices have softened due to oversupply in the market.
According to the Malaysian Palm Oil Council (MPOC), CPO prices are expected
to improve to between RM2,100 and RM2,500 in year 2015, lifted by factors
such as biofuel demand from the B7 programme. CIMB Research estimates that
the rollout could raise the country's palm oil demand by 263,000-390,000
tonnes per annum, or 1-2% of the total palm oil production in 2013. |
|
|
OVERALL
INDUSTRY OUTLOOK : Mature |
|
CREDIT
RISK EVALUATION & RECOMMENDATION
|
|
|
FINANCIAL
ACCOUNT
|
No latest financial accounts are available at the Registry Office.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
INR 65.23 |
|
|
1 |
INR 89.71 |
|
Euro |
1 |
INR 79.50 |
|
MYR |
1 |
INR 16.59 |
Note :
Above are approximate rates obtained from sources believed to be correct
INFORMATION DETAILS
|
Analysis Done by
: |
PRA |
|
|
|
|
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.