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|
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MIRA
INFORM REPORT
|
Report No. : |
501114 |
|
Report Date : |
30.03.2018 |
IDENTIFICATION DETAILS
|
Name : |
DONGWON SYSTEMS CORP. |
|
|
|
|
Registered Office : |
46, Dunchon-daero 541Beon-Gil, Jungwon-gu,
Seongnam-si, Gyeonggi-do, Korea 13212 |
|
|
|
|
Country : |
South Korea |
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|
|
|
Financials (as on) : |
31.12.2017 |
|
|
|
|
Date of Incorporation : |
10.05.1980 |
|
|
|
|
Com. Reg. No.: |
123-81-15163 |
|
|
|
|
Legal Form : |
Listed Company |
|
|
|
|
Line of Business : |
·
Manufacture of Construction, Precision Equipment,
Communication and Packaging Material ·
Manufacture of Rolled, Drawn and Folded Products
of Aluminum |
|
|
|
|
No. of Employees : |
759 |
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 |
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|
|
Litigation : |
Exist |
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) |
|
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
|
Company Name |
DONGWON SYSTEMS CORP. (Korean Company Name : “동원시스템즈(주)”) |
|
Registered Address |
46, Dunchon-daero 541beon-gil, Jungwon-gu,
Seongnam-si, Gyeonggi-do, Korea (Old Address
System : 369-3,
Sangdaewon 1-dong, Jungwon-gu, Seongnam-si, Gyeonggi-do, Korea) |
|
Building |
|
|
Zip Code |
13212 |
|
Tel |
+82-2-589-4700 |
|
Fax |
+82-2-589-4760 |
|
E-mail |
dwsystems@dongwon.com |
|
Website |
www.dongwonsys.co.kr;www.dhe.co.kr |
|
Trading Address |
Dongwon
Industries Bldg., 68, Mabang-ro, Seocho-gu, Seoul, Korea (Old Address
System : Dongwon Industries Bldg., 275, Yangjae 2-dong, Seocho-gu, Seoul,
Korea) |
|
Tel |
+82-2-576-0021 +82-2-589-4700 |
|
Fax |
+82-2-589-3611 +82-2-589-4760 |
|
Other Address |
308,
Unyong-ri, Dunpo-myeon, Asan-si, Chungcheongnam-do, Korea (Old Address
System : 100, Asan valley dong-ro, Dunpo-myeon, Asan-si, Chungcheongnam-do,
Korea) |
|
Tel |
+82-41-532-0108 |
|
Fax |
+82-41-532-0109 |
|
Other Address-Jincheon Factory |
32-14,
Yongso 2-gil, Gwanghyewon-myeon, Jincheon-gun, Chungcheongbuk-do, Korea (Old Address System : 161-4, Hoejuk-ri, Gwanghyewon-myeon,
Jincheon-gun, Chungcheongbuk-do, Korea) |
|
Tel |
+82-43-535-8332~4 |
|
Fax |
+82-43-535-8335 |
|
Other Address-Haman Factory |
722,
Bongsu-ro, Haman-myeon, Haman-gun, Gyeongsangnam-do, Korea (Old Address System : 465-25, Pasu-ri, Haman-myeon, Haman-gun,
Gyeongsangnam-do, Korea) |
|
Tel |
+82-55-582-4445 |
|
Fax |
+82-55-583-6265 |
|
Type |
Export/Import |
|
Industry |
Manufacture of Construction, Precision
Equipment, Communication and Packaging Material Manufacture of Rolled, Drawn and Folded Products of Aluminum |
|
Main Business |
Aluminum-Foil, Food Cans, EOE, PET Bottles,
Functional Air Conditioning Pin Materials, Foils for Electric &
Electronic Items, Coverings for Wires & Fiber-Optic Cables, Educational
Materials, LCD Projectors, Microscopes, Classroom Solutions, And Video
Systems, Photovoltaic Power Generation |
|
Sub
Business |
|
|
Established (mm/dd/yyyy) |
05/10/1980 |
Detailed Products
|
Activity |
Detailed Products (UNSPSC) |
|
Sell |
Lining papers(14111616) |
|
Sell |
Plastic shells or casings(31261601) |
|
Sell |
Foil(30102000) |
|
Sell |
Transportation components and systems(25170000) |
|
Sell |
Laminated papers(14121700) |
|
Sell |
Domestic disposable kitchenware(52151500) |
|
Sell |
Tape(31201500) |
|
Sell |
Packaging films(24141514) |
|
Sell |
Domestic disposable cups or glasses or lids(52151504) |
|
Buy |
Nylon(13111010) |
|
Buy |
Polyethylene films(13111201) |
|
Buy |
Strip(30102600) |
|
Buy |
Paper products(14110000) |
CEO’s
|
Name |
Cho Jum-Keun |
|
Date of Birth |
09/1959 |
|
Title |
President & CEO |
|
Nationality |
Korean |
Profiles
|
Capital (KRW) |
129,419,345,000 |
||||||||||||
|
Employees |
759 |
||||||||||||
|
Formation |
Listed Company (Korea Stock Exchange : 014820) as of 03/29/1994 A Company of DONGWON GROUP |
||||||||||||
|
Bank Details |
Woori Bank Shinhan Bank Korea Development Bank Kookmin Bank |
||||||||||||
|
Corporate Registered No. |
134111-0011712 |
||||||||||||
|
Business Registered No. |
123-81-15163 |
||||||||||||
|
Permit & Licenses |
03/29/1994 ISO 9001 10/27/2004 TL9000 01/31/2005 ISO 14001 Int’l Trade No.: 524421 |
||||||||||||
|
Shareholder Position |
|
||||||||||||
|
Company History |
05/10/1980 Incorporated as Sungmi Electronics
Corp. 11/2000 Changed company name to EASTEL
SYSTEMS CORP 02/28/2005 Changed company name to the
present name 03/01/2005 Acquired Dongwon EnC
Corp.(131111-0002293) 11/30/2011 Awarded US$ 20 Million Export
Top Prize 01/01/2013 Acquired DAIHAN EUNPAKGY
CO.,LTD.(134511-0000973) 01/01/2013 Split off Construction Business and Telecommunication
Business, and established Dongwon Construction Industries Co.,
Ltd.(131111-0330941) and Dongwon T&I Co., Ltd.(134111-0231526)
respectively 01/02/2013 Increased the par value to 5,000
KRW from 500 KRW 04/01/2013 Moved to the present HQ address
from 18, Beolmal-ro 118beon-gil, Dongan-gu, Anyang-si, Gyeonggi-do, Korea(Old
Address System : 861-5, Gwanyang-dong, Dongan-gu, Anyang-si, Gyeonggi-do,
Korea) 12/05/2014 Awarded US$ 50 Million Export
Top Prize 09/01/2017 Acquired HANJIN P&C CO., LTD.(110111-0652481) 09/01/2017 Increased capital to 129,419,345,000
KRW from 121,724,560,000 KRW |
Detailed Information
Management
|
Job Description |
Name |
Nationality |
Date of Birth |
Inauguration Date |
|
President & CEO |
Cho Jum-Keun |
Korean |
09/01/1959 |
03/24/2011 |
|
Sr. Executive Director |
Seo Bum-Won |
Korean |
10/15/1959 |
03/27/2017 |
|
Executive Director |
Kang Koo-Sang |
Korean |
12/01/1964 |
03/25/2016 |
|
Outside Director |
Lee Ji-Hwan |
Korean |
09/03/1966 |
03/27/2017 |
|
Director |
Kim Woong-Geol |
Korean |
08/15/1960 |
09/01/2017 |
|
Outside Director |
Lee Han-Sung |
Korean |
04/05/1957 |
09/01/2017 |
|
Auditor |
Kim Myung-Chan |
Korean |
08/12/1961 |
02/28/2005 |
|
Auditor |
Park Moon-Seo |
Korean |
07/12/1958 |
03/24/2006 |
Financials
|
Year / Unit : KRW |
Sales |
Assets |
Net Income |
|
2017 |
427,632,292,987 |
696,996,751,574 |
46,428,964,065 |
|
2016 |
406,713,926,272 |
662,900,980,194 |
33,110,927,905 |
|
2015 |
366,755,676,431 |
681,897,914,945 |
22,443,063,484 |
|
2014 |
329,415,787,665 |
580,321,931,101 |
7,916,347,686 |
|
2013 |
296,764,685,620 |
380,404,040,373 |
4,831,520,873 |
|
2012 |
409,973,516,724 |
394,505,320,978 |
-40,334,852 |
|
2011 |
462,689,998,745 |
427,359,817,395 |
-25,147,386,156 |
|
2010 |
436,713,048,963 |
392,320,984,746 |
-6,596,865,219 |
Financial Description
|
Authorized Capital(KRW) |
1,000,000,000,000 |
|
Paid-Up Capital(KRW) |
129,419,345,000 |
|
Total Issued Shares |
25,883,869(Common : 25,618,511 / Preferable : 265,358) |
|
Balance Sheet |
|||
|
Unit : Korean Won |
As of 12/31/2017 |
As of 12/31/2016 |
As of 12/31/2015 |
|
Total
Assets |
696,996,751,574 |
662,900,980,194 |
681,897,914,945 |
|
Current Assets |
155,028,502,013 |
133,703,902,920 |
142,035,345,584 |
|
Cash
& Cash Equivalents |
820,317,457 |
2,825,950,779 |
3,106,768,043 |
|
Trade
Receivables & Other Receivables |
95,173,944,942 |
86,842,742,595 |
104,077,597,462 |
|
Inventories |
58,629,791,032 |
39,846,201,281 |
33,033,921,774 |
|
Other
Current Assets |
404,448,582 |
4,189,008,265 |
1,817,058,305 |
|
Non-Current Assets |
541,968,249,561 |
529,197,077,274 |
539,862,569,361 |
|
Other
Financial Assets |
9,500,000 |
9,500,000 |
9,500,000 |
|
Marketable
Financial Instruments |
2,025,000 |
1,025,000 |
1,025,000 |
|
Non-Current
Financial Instruments |
2,518,411,402 |
2,142,261,563 |
2,154,697,751 |
|
Investment_Related
Companies |
- |
191,893,760 |
191,893,760 |
|
Investment_Subsidiaries |
378,756,205,819 |
448,266,608,457 |
461,163,354,612 |
|
Tangibles |
143,808,667,436 |
77,435,997,638 |
71,907,818,115 |
|
Intangibles |
1,694,937,621 |
882,115,180 |
917,819,962 |
|
Operating
Rights |
9,597,011,408 |
- |
|
|
Investment_Real
Estates |
5,393,806,659 |
261,373,876 |
270,638,568 |
|
Other
Non-Current Assets |
187,684,216 |
6,301,800 |
7,247,485 |
|
Deferred
Income Tax Assets |
|
|
3,238,574,108 |
|
Total Liabilities |
354,657,521,943 |
389,216,802,020 |
434,229,093,637 |
|
Current Liabilities |
174,205,048,334 |
340,810,388,268 |
138,963,841,223 |
|
Trade
Payables & Other Payables |
88,119,182,926 |
79,024,699,809 |
54,383,761,365 |
|
Short-Term
Borrowings |
59,600,000,000 |
16,900,000,000 |
37,400,000,000 |
|
Current
Portion of Long-Term Debts |
24,999,960,000 |
239,261,768,800 |
42,565,166,000 |
|
Accrued
Income Tax |
1,147,289,646 |
5,120,393,099 |
3,378,604,166 |
|
Other
Current Finance Liabilities |
338,615,762 |
503,526,560 |
1,236,309,692 |
|
Non-Current Liabilities |
180,452,473,609 |
48,406,413,752 |
295,265,252,414 |
|
Long-Term
Borrowings |
173,092,660,000 |
32,105,547,200 |
267,985,578,000 |
|
Confirmed
Salaries |
2,850,734,347 |
10,755,556,087 |
13,331,250,954 |
|
Derivatives |
- |
4,087,664,000 |
13,948,423,460 |
|
Deferred Income Tax Credit |
4,463,999,262 |
1,457,646,465 |
- |
|
Other Non-Current Liabilities |
45,080,000 |
- |
|
|
Capital Stock |
129,419,345,000 |
121,724,560,000 |
121,724,560,000 |
|
Capital
Surplus |
81,051,608,602 |
81,108,933,042 |
81,108,933,042 |
|
Profit
Surplus |
93,197,181,462 |
53,477,662,887 |
27,076,180,472 |
|
Others |
38,671,094,567 |
17,373,022,245 |
17,759,147,794 |
|
Total
Equity |
342,339,229,631 |
273,684,178,174 |
247,668,821,308 |
|
Liab.
& Shareholder’s Equity |
696,996,751,574 |
662,900,980,194 |
681,897,914,945 |
|
Income Statement |
|||
|
Unit : Korean Won |
As of 12/31/2017 |
As of 12/31/2016 |
As of 12/31/2015 |
|
Sales |
427,632,292,987 |
406,713,926,272 |
366,755,676,431 |
|
Cost
of Sold Goods |
375,368,822,330 |
355,313,542,204 |
326,446,337,005 |
|
Gross
Profit |
52,263,470,657 |
51,400,384,068 |
40,309,339,426 |
|
Selling
& Admin. Expenses |
20,655,991,983 |
17,553,487,569 |
13,480,985,691 |
|
Operating
Income |
31,607,478,674 |
33,846,896,499 |
26,828,353,735 |
|
Non-Operating
Profits |
23,460,014,813 |
8,173,214,501 |
547,782,537 |
|
Finance
Income |
20,235,783,624 |
19,913,922,575 |
3,947,636,036 |
|
Finance
Expenses |
7,759,857,348 |
8,372,010,190 |
8,371,647,969 |
|
Other
Income |
17,957,530,654 |
6,519,866,332 |
21,625,237,510 |
|
Other
Expenses |
6,973,442,117 |
9,888,564,216 |
16,653,443,040 |
|
Income
Before Taxes |
55,067,493,487 |
42,020,111,000 |
27,376,136,272 |
|
Income
Taxes Expenses |
8,638,529,422 |
8,909,183,095 |
4,933,072,788 |
|
Net
Income |
46,428,964,065 |
33,110,927,905 |
22,443,063,484 |
|
Cash Flows |
|||
|
Unit : Korean Won |
As of 12/31/2017 |
As of 12/31/2016 |
As of 12/31/2015 |
|
Operating Activities Cash Flows |
21,952,065,472 |
21,422,853,969 |
29,554,302,979 |
|
Cash
Flows from Operating |
46,428,964,065 |
33,110,927,905 |
22,443,063,484 |
|
Net
Income |
672,691,417 |
7,778,456,209 |
14,571,598,869 |
|
Adjustment |
-18,071,709,406 |
-16,889,347,311 |
2,801,558,907 |
|
Changes
in Asset/ & Liability |
29,029,946,076 |
24,000,036,803 |
35,307,871,889 |
|
Cash
Flows from Investing |
51,948,870,248 |
55,995,711,787 |
-105,237,817,721 |
|
Cash
Flows from Financing |
-75,923,644,463 |
-77,739,916,981 |
74,852,864,950 |
|
Increase/Decrease
in Cash |
-2,005,633,322 |
-280,817,264 |
-825,643,043 |
|
Cash
at the Beginning of Year |
2,825,950,779 |
3,106,768,043 |
3,932,411,086 |
|
Cash
at the End of Year |
820,317,457 |
2,825,950,779 |
3,106,768,043 |
Products, Technologies, Services Description
|
Main Products & Services |
Aluminum-Foil, Food Cans, EOE, PET Bottles,
Functional Air Conditioning Pin Materials, Foils for Electric &
Electronic Items, Coverings for Wires & Fiber-Optic Cables, Educational
Materials, LCD Projectors, Microscopes, Classroom Solutions, And Video
Systems, Photovoltaic Power Generation |
|
Detailed Products Spec. |
|
|
Technologies Acquired |
|
Trade Partners & Competitors
|
Suppliers |
|
|
Customers |
|
|
Competitors |
NOVELIS KOREA LIMITED(175611-0003950) KUK-IL PAPER MFG CO.,LTD.(134511-0001377) SK HOLDINGS CO., LTD.(110111-0022816) HS INDUSTRIES CO., LTD.(180111-0004323) |
Related Parties (Subsidiaries, Joint-Venture & Affiliates)
|
Affiliates-Domestic |
DONGWON ENTERPRISE CO.,
LTD.(110111-2217572) DONGWON F & B CO., LTD.(110111-2101816) DONGWON INDUSTRIES CO., LTD(110111-0003098) DONGWON HOME FOOD CO., LTD.(161511-0022122) DONG YEONG COLD PLAZA CO., LTD(180111-0025783) DONGWON PHARMS CO., LTD.(180111-0044246) E. FARM INC.(110111-1805146) DONGWON HRD CO., LTD.(110111-2862590) KOREAFARM CO., LTD.(110111-0143282) DONGWON DAIRY FOODS CO.,
LTD.(130111-0001064) DONGWON PARCEL SERVICE CO.,
LTD.(134511-0063210) DONGWON SYSTEMS CONSTRUCTION CO.,
LTD.(110111-3834226) GEOCHANG INDUSTRIAL COMPLEX CO.,
LTD.(191411-0007237) BOSEONG PORTABLE POWER PLANT(110111-3939878) (45.00% held by the subject company) JINAN MUL SARANG CO., LTD.(110111-4257724) (44.80% held by the subject company) SHINDONG ENERCOM INC.(KOREA) (31.67% held by the subject company) |
|
Affiliates-Overseas |
DS GLOBAL INC. DW GLOBAL INC. DONGWON JAPAN CO., LTD STARKIST CO. STARKIST SAMOA CO. SEALAND TRADING SERVICE CORPORATION PANAPESCA FISHING INC. MARINE TRADING PACIFIC INC. GALASPESCA, S.A KOVA FISHERY CO., LTD S.C.A SA BOUNTY SEAFOOD LTD. WEIHAI SAMJO FOOD CO., LTD.(CHINA : 위해삼조식품유한공사) KIRIBATI AND KT FISHERIES CO.,LTD DONGBU EXPRESSINDIA LOGISTIC PRIVATE LIMITED DONGBU HAIMINH LOGISTICS DONGBU EXPRESS U.S.A INC, |
|
Overseas Office |
|
|
Liaison Office |
|
|
Overseas Branch |
|
|
Joint Venture |
|
|
Subsidiary |
DONGWON CONSTRUCTION INDUSTRIES CO., LTD.(131111-0330941) (100.0% held by the subject company) DONGWON T&I CO., LTD.(134111-0231526) (100.0% held by the subject company) OLEV CO.,LTD.(160111-0308191) (52.94% held by the subject company) HANJIN P&C CO., LTD.(110111-0652481) (56.58%held by the subject company) TECHPACK SOLUTIONS CO., LTD.(110111-4004787) (56.00% held by the subject company) TALOFA SYSTEMS AMERICAN SAMOA, INC.(USA) (100.0% held by the subject company) TAN TIEN PLASTIC PACKAGING JOINT STOCK COMPANY (88.16% held by the subject company) MINH VIET PACKAGING ONE MEMBER COMPANY LIMITED (100.00% held by the subject company) GEOCHANG INDUSTRIAL COMPLEX CO., LTD.(191411-0007237) DONGWONHOUSING CO., LTD.(110111-3834226) HWANG GAN LOGISTICS COMPLEX CO., LTD.(110111-4952027) SDGDBB LOGISTICS COMPLEX CO., LTD.(134411-0053411) |
|
Corporate Ownership |
DONGWON ENTERPRISE CO.,
LTD.(110111-2217572) |
|
Major Shareholders |
DONGWON ENTERPRISE CO.,
LTD.(110111-2217572) |
|
Cooperative Enterprise |
|
Sales by Region (Activity & Markets)
Not Available.
Court Action
|
Case No. |
Court |
Plaintiff(s)/ Creditor(s)/ Applicant(s) |
Defendant(s)/ Debtor(s)/ Respondent(s) |
Cause |
Amount (KRW) |
Status |
|
|
Seoul High Court |
PYEONG AHN TRADING, INC.(110111-1192626) |
The Subject Company |
Cancellation of Fraud Actions |
500,000,000 |
Proceeding |
|
|
Seoul Seobu District Court |
KANG HONG-CHEOL & OTHERS(1) |
The Subject Company |
Collection |
250,000,000 |
Proceeding |
|
|
Seoul High Court |
AIG KOREA INC.(110111-4725010) |
The Subject Company |
Compensation |
77,401,000 |
Proceeding |
News Clipping
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FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
INR 65.04 |
|
|
1 |
INR 92.28 |
|
Euro |
1 |
INR 80.62 |
|
KRW |
1 |
INR 0.061 |
Note :
Above are approximate rates obtained from sources believed to be correct
INFORMATION DETAILS
|
Analysis Done by
: |
NIY |
|
|
|
|
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.