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MIRA INFORM REPORT
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Report No. : |
506647 |
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Report Date : |
07.05.2018 |
IDENTIFICATION DETAILS
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Name : |
E-MART INC. |
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Registered Office : |
377, Ttukseom-Ro, Seongdong-Gu, Seoul,
Korea 04781 |
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Country : |
South Korea |
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Financials (as on) : |
31.12.2017 |
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Date of Incorporation : |
03.05.2011 |
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Com. Reg. No.: |
206-86-50913 |
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|
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Legal Form : |
Listed Company |
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|
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Line of Business : |
Retail Sale in Other Non-Specialized Large Stores |
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|
|
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No. of Employees : |
27,656 |
RATING & COMMENTS
(Mira Inform has adopted New Rating mechanism w.e.f. 23rd
January 2017)
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MIRA’s Rating : |
A |
|
Credit Rating |
Explanation |
Rating Comments |
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A |
Acceptable Risk |
Business dealings permissible with
moderate risk of default |
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Status : |
Good |
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Payment Behaviour : |
Regular |
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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 (30.09.2017) |
Current Rating (31.12.2017) |
|
South Korea |
A1 |
A1 |
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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
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 |
E-MART INC. |
|
Registered Address |
377, Ttukseom-Ro, Seongdong-Gu, Seoul,
Korea |
|
Building |
-- |
|
Zip Code |
04781 |
|
Tel |
+82-2-380-9243 |
|
Fax |
+82-2-380-9339 |
|
E-mail |
pluto@shinsegae.com |
|
Website |
www.emart.com;www.emartcompany.com |
|
Trading Address |
377, Ttukseom-ro, Seongdong-gu, Seoul,
Korea (Old Address System: 333-16, Seongsu 2-ga
1-dong, Seongdong-gu, Seoul, Korea) |
|
Tel |
+82-2-380-9238 +82-2-380-9233 |
|
Fax |
+82-2-380-9339 |
|
Type |
Export/Import |
|
Industry |
Retail Sale in Other Non-Specialized Large Stores |
|
Main Business |
Retail Sales Large Stores |
|
Sub
Business |
|
|
Established (mm/dd/yyyy) |
05/03/2011 |
Detailed
Products
|
Activity |
Detailed Products (UNSPSC) |
|
Sell |
Distribution(80141700) |
|
Sell |
World wide web WWW site operation host
services(81112105) |
CEO’s
|
Name |
Lee Kap-Soo |
|
Date of Birth |
02/18/1957 |
|
Title |
President & CEO |
|
Nationality |
Korean |
Profiles
|
Capital (KRW) |
139,379,095,000 |
||||||||||||||||||||||||||||||||||||
|
Employees |
27,656 |
||||||||||||||||||||||||||||||||||||
|
Formation |
Listed Company (Korea Stock Exchange : 139480) as of 06/10/2011 A Company of SHINSEGAE GROUP |
||||||||||||||||||||||||||||||||||||
|
Bank Details |
Woori Bank Kookmin Bank Shinhan Bank KEB Hana Bank |
||||||||||||||||||||||||||||||||||||
|
Corporate Registered No. |
110111-4594952 |
||||||||||||||||||||||||||||||||||||
|
Business Registered No. |
206-86-50913 |
||||||||||||||||||||||||||||||||||||
|
Permit & Licenses |
Int’l Trade No.: 30693692 |
||||||||||||||||||||||||||||||||||||
|
Shareholder Position |
|
||||||||||||||||||||||||||||||||||||
|
Company History |
05/03/2011
Incorporated as E-MART CORPORATION, after spin off from SHINSEGAE
CO., LTD.(110111-0028848) 03/14/2014
Changed company name to the present name |
Management
|
Job Description |
Name |
Nationality |
Date of Birth |
Inauguration Date |
|
President & CEO |
Lee Kap-Soo |
Korean |
02/18/1957 |
03/14/2014 |
|
Director |
Kwon Hyuck-Koo |
Korean |
03/20/1961 |
03/10/2017 |
|
Director |
Hyung Tae-Joon |
Korean |
12/02/1968 |
03/16/2018 |
|
Outside Director / Auditor |
Lee Jeon-Hwan |
Korean |
02/26/1961 |
03/15/2017 |
|
Outside Director / Auditor |
Park Jae-Young |
Korean |
04/17/1954 |
03/13/2015 |
|
Outside Director / Auditor |
Kim Sung-Joon |
Korean |
03/20/1956 |
03/13/2015 |
|
Outside Director |
Choi Jae-Boong |
Korean |
02/18/1956 |
03/13/2015 |
Financials
|
Year / Unit : KRW |
Sales |
Assets |
Net Income |
|
12,450,694,737,824 |
14,346,891,083,552 |
640,880,089,493 |
|
|
2016 |
11,631,228,087,043 |
13,814,601,275,882 |
384,004,685,724 |
|
2015 |
11,148,885,581,913 |
13,247,431,258,918 |
488,693,382,415 |
|
2014 |
10,838,213,346,763 |
12,764,938,596,505 |
314,767,629,549 |
|
2013 |
10,780,080,908,863 |
12,031,101,222,598 |
483,323,098,642 |
|
2012 |
10,939,021,197,282 |
11,343,053,804,455 |
306,668,576,217 |
|
2011 |
7,220,977,362,236 |
10,621,015,792,034 |
247,595,480,264 |
Financial
Description
|
Authorized Capital(KRW) |
400,000,000,000 |
|
Paid-Up Capital(KRW) |
139,379,095,000 |
|
Total Issued Shares |
27,875,819 |
|
Balance Sheet |
|||
|
Unit : Korean
Won |
As of 12/31/2017 |
As of 12/31/2016 |
As of 12/31/2015 |
|
Total Assets |
14,346,891,083,552 |
13,814,601,275,882 |
13,247,431,258,918 |
|
Current Assets |
1,275,374,262,211 |
1,108,657,734,436 |
998,365,674,605 |
|
Cash & Cash Equivalents |
20,417,813,500 |
18,194,833,471 |
13,234,195,619 |
|
Trade Receivables & Other
Receivables |
323,407,966,475 |
258,231,426,862 |
194,696,680,851 |
|
Inventories |
773,809,506,962 |
710,332,525,389 |
672,099,952,486 |
|
Current Financial Instruments |
93,466,617,701 |
87,564,828,851 |
64,446,275,315 |
|
Derivatives |
|
|
13,283,620,762 |
|
Other Current Assets |
37,027,715,549 |
34,334,119,863 |
40,604,949,572 |
|
Assets to be Sold |
27,244,642,024 |
|
|
|
Non-Current Assets |
13,071,516,821,341 |
12,705,943,541,446 |
12,249,065,584,313 |
|
Tangibles |
8,987,208,571,695 |
8,893,343,091,095 |
8,628,064,208,868 |
|
Investment_Real Estates |
89,393,082,664 |
163,265,795,090 |
164,116,740,156 |
|
Intangibles |
55,131,007,957 |
53,077,124,919 |
53,394,059,524 |
|
Investment_Related Companies |
1,874,743,950,803 |
1,624,945,664,533 |
1,504,183,270,895 |
|
Marketable Financial Instruments |
1,467,321,507,500 |
1,363,106,752,277 |
1,330,069,089,298 |
|
Long-Term Current Financial
Instruments |
406,350,946,021 |
376,414,428,999 |
354,486,982,861 |
|
Derivatives |
|
32,253,006,765 |
|
|
Other Non-Current Assets |
191,367,754,701 |
199,537,677,768 |
214,751,232,711 |
|
Total Liabilities |
5,980,657,995,092 |
6,060,023,758,425 |
6,214,715,567,852 |
|
Current Liabilities |
3,197,602,159,490 |
3,197,410,229,042 |
3,251,859,873,592 |
|
Trade Payables & Other
Payables |
1,192,081,684,178 |
1,056,737,734,329 |
1,104,349,646,022 |
|
Short-Term Borrowings |
948,337,321,610 |
1,122,465,621,104 |
1,158,691,216,660 |
|
Short-Term Derivatives |
12,419,331,450 |
|
9,862,864,023 |
|
Merchandise Coupon |
661,547,456,000 |
583,343,372,000 |
515,749,529,000 |
|
Accrued Income Tax |
23,966,587,325 |
82,656,509,272 |
152,656,810,827 |
|
Other Current Financial Debts |
256,915,142,268 |
278,575,819,548 |
239,977,299,896 |
|
Other Current Liabilities |
102,334,636,659 |
73,631,172,789 |
70,572,507,164 |
|
Non-Current Liabilities |
2,783,055,835,602 |
2,862,613,529,383 |
2,962,855,694,260 |
|
Long-Term Borrowings |
2,094,082,081,675 |
2,153,879,538,259 |
2,387,272,479,503 |
|
Long-Term Derivatives |
27,918,620,199 |
|
775,710,555 |
|
Provision for Severance &
Retirement |
62,530,862,605 |
55,970,055,226 |
52,641,786,723 |
|
Deferred Income Tax Credit |
410,917,348,718 |
373,018,929,333 |
364,641,245,397 |
|
Long-Term Finance Debts |
65,617,812,024 |
158,508,315,658 |
91,059,306,877 |
|
Other Non-Current Liabilities |
121,989,110,381 |
121,236,690,907 |
66,465,165,205 |
|
Capital Stock |
139,379,095,000 |
139,379,095,000 |
139,379,095,000 |
|
Capital Surplus |
4,193,533,807,329 |
4,193,533,807,329 |
4,193,533,807,329 |
|
Hybrid Bond |
378,968,900,000 |
378,968,900,000 |
|
|
Profit Surplus |
2,524,469,001,864 |
1,978,848,655,507 |
1,660,028,564,147 |
|
Others |
1,129,882,284,267 |
1,063,847,059,621 |
1,039,774,224,590 |
|
Total Equity |
8,366,233,088,460 |
7,754,577,517,457 |
7,032,715,691,066 |
|
Liab. & Shareholder’s Equity |
14,346,891,083,552 |
13,814,601,275,882 |
13,247,431,258,918 |
|
Income Statement |
|||
|
Unit : Korean
Won |
As of 12/31/2017 |
As of 12/31/2016 |
As of 12/31/2015 |
|
Sales |
12,450,694,737,824 |
11,631,228,087,043 |
11,148,885,581,913 |
|
Cost of Sold Goods |
8,709,836,660,403 |
8,127,341,198,596 |
7,831,516,838,904 |
|
Gross Profit |
3,740,858,077,421 |
3,503,886,888,447 |
3,317,368,743,009 |
|
Selling & Admin. Expenses |
3,102,408,995,886 |
2,870,673,792,560 |
2,687,949,045,912 |
|
Operating Income |
638,449,081,535 |
633,213,095,887 |
629,419,697,097 |
|
Other Operating Income |
234,730,267,545 |
20,330,551,519 |
18,240,381,311 |
|
Other Operating Expenses |
38,221,115,782 |
32,079,408,710 |
42,689,193,217 |
|
Finance Income |
138,283,406,922 |
87,423,076,492 |
412,573,525,143 |
|
Finance Expenses |
156,645,987,375 |
145,136,503,424 |
148,314,213,322 |
|
Other Profits |
-103,177,900,647 |
-81,277,229,531 |
-135,882,665,049 |
|
Income Before Taxes |
713,417,752,198 |
482,473,582,233 |
733,347,531,963 |
|
Income Taxes Expenses |
72,537,662,705 |
98,468,896,509 |
244,654,149,548 |
|
Net Income |
640,880,089,493 |
384,004,685,724 |
488,693,382,415 |
|
Cash Flows |
|||
|
Unit : Korean
Won |
As of 12/31/2017 |
As of 12/31/2016 |
As of 12/31/2015 |
|
Operating
Activities Cash Flows |
724,249,316,277 |
730,950,072,936 |
903,503,604,203 |
|
Cash Flows from Operating |
905,304,273,039 |
948,408,146,219 |
1,080,607,320,971 |
|
Interests Paid |
-71,144,770,659 |
-80,304,584,801 |
-84,712,597,620 |
|
Interests Received |
2,112,929,643 |
3,201,443,647 |
2,048,648,625 |
|
Dividends Received |
16,333,637,900 |
22,888,576,350 |
28,410,764,350 |
|
Income Taxes |
-128,356,753,646 |
-163,243,508,479 |
-122,850,532,123 |
|
Cash Flows from Investing |
-506,043,313,153 |
-741,778,089,628 |
-1,062,171,750,269 |
|
Cash Flows from Financing |
-215,957,249,503 |
15,785,623,311 |
157,647,738,709 |
|
Increase/Decrease in Cash |
2,248,753,621 |
4,957,606,619 |
-1,020,407,357 |
|
Cash at the Beginning of Year |
18,194,833,471 |
13,234,195,619 |
14,253,335,941 |
|
Cash at the End of Year |
20,417,813,500 |
18,194,833,471 |
13,234,195,619 |
Products, Technologies, Services
Description
|
Main Products & Services |
Distribution Services, Retail Store
Services (*)The Subject operates 158 domestic marts. Brand Name: EMART MALL, EMART TRADERS, EDLP(EVERY DAY
LOW PRICE) |
Trade
Partners & Competitors
|
Suppliers |
-- |
|
Customers |
SHINSEGAE INC.(110111-0028848) SHINSEGAE INTERNATIONAL INC.(110111-0282402) SHINSEGAE FOOD INC.(110111-0305288) STARBUCKS COFFEE KOREA CO., LTD.(110111-1461667) GWANGJU SHINSEGAE CO., LTD.(200111-0054795) |
|
Competitors |
HOMEPLUS TESCO CO., LTD. 592, TANBANG-DONG, SEO-GU, DAEJEON, KOREA TEL:+82-42-488-8351~6 FAX:+82-42-488-8360 COSTCO WHOLESALE KOREA, INC. COSTCO KOREA BLDG., 65, YANGPYEONGDONG
3-GA, YEONGDEUNGPO-GU, SEOUL, KOREA TEL:+82-2-2679-1234 FAX:+82-2-2630-2633 E-LAND WORLD CO., LTD. E-LAND BLDG., 19-8, CHANGJEON-DONG,
MAPO-GU, SEOUL, KOREA TEL:+82-2-323-0456 FAX:+82-2-332-6445 |
|
|
|
Related Parties (Subsidiaries,
Joint-Venture & Affiliates)
|
Affiliates |
SHINSEGAE CO., LTD.(110111-0028848) 52-5, CHUNGMURO 1-GA, JUNG-GU, SEOUL, KOREA TEL:+82-2-727-1234 FAX:+82-2-727-1180 THE CHOSUN HOTEL CO., LTD.(110111-0003999) (98.8% held by the
subject company) 87 SOGONG-DONG, JUNG-GU, SEOUL, KOREA HOMEPAGE:WWW.ECHOSUNHOTEL.COM TEL:+82-2-772-0500 FAX:+82-2-753-6370 SHINSEGAE ENGINEERING & CONSTRUCTION
CO., LTD. (32.4% held by the subject company) 56-85 JANGCHUNG-DONG1-GA,JUNG-GU,SEOUL,
KOREA HOMEPAGE:WWW.SHINSEGAE-CON.CO.KR TEL:+82-2-3406-6620 FAX:+82-2-3406-6666 SHINSEGAE INTERNATIONAL CO., LTD.(110111-0282402) 79-17, CHEONG-DAM DONG, KANG-NAM GU, SEOUL,
KOREA HOMEPAGE:WWW.SIKOREA.CO.KR TEL:+82-2-3440-1234 FAX:+82-2-3440-1011 SHINSEGAE FOOD CO., LTD.(110111-0305288) (46.1% held by
the subject company) SHINSEGAE DIGITAL CENTER 6F 197-12
GURO-DONG, GURO-GU, SEOUL, KOREA HOMEPAGE:WWW.SFS.CO.KR TEL:+82-2-3397-6000 FAX:+82-2-3397-6199 SHINSEGAE I&C CO., LTD.(110111-1408867) (29.0% held by the subject company) SHINSEGAE DIGITAL CENTER 197-12 GURO-DONG,
GURO-GU, SEOUL, KOREA HOMEPAGE:WWW.SINC.CO.KR TEL:+82-2-3397-1234 FAX:+82-2-3397-1111 STARBUCKS COFFEE KOREA CO., LTD.(110111-1461667) (50.0% held by the subject company) 87-10 SOGONG-DONG, JUNG-GU, SEOUL, KOREA HOMEPAGE:WWW.ISTARBUCKS.CO.KR TEL:+ 82-2-3015-1700 FAX:+ 82-2-3015-1106 SHINSEGAE L&B CO., LTD.(110111-4015338) (100.0% held by the subject company) |
|
Affiliates |
SHINSEGAE UIJEONGBU STATION DEVELOPMENT CO., LTD.(110111-2670548) SHINSEGAE SVN CO., LTD.(161511-0069091) SHINSEGAE SIMON INC.(110111-3239228) HANAM UNION SQUARE CO., LTD.(135711-0074452) SHINSEGAE TOMBOY CO., LTD.(110111-0219497) TOMBOY PLUS CO,. LTD.(110111-4682830) CENTRAL CITY CO., LTD.(110111-0087612) CENTRAL TOURIST DEVELOPMENT CO., LTD.( 110111-0652150) CENTRAL CONSTRUCTION CO., LTD.(110111-1306607) SHINSEGAE INVESTMENT DEVELOPMENT CO., LTD.(110111-5027671) SEOUL EXPRESS BUS TERMINAL CO., LTD.(110111-0187644) VIDI VICI COSMETIC CO., LTD.(110111-2759889) SHINSEGAE DONGDAEGU CTC CO., LTD.(170111-0459570) EVERYDAY RETAIL CO., LTD.(110111-0167498) (99.1% held by the subject company) SHINSEGAE RESORT CO., LTD.(141311-0010513) (100.0% held by the subject company) SHINSEGAE PAYMENTS CO., LTD.(110111-5209196) (50.0% held by the subject company) SHINSEGAE PROPERTY INC.(110111-5284198) (90.0% held by the subject company) WITHME FS CO., LTD.(110111-3419515) (100.0% held by the subject company) |
|
Joint Venture |
STARBUCKS COFFEE KOREA CO., LTD.(110111-1461667) (50.0% held by the subject company) SHINSEGAE PAYMENTS CO., LTD.(110111-5209196) (50.0% held by the subject company) |
|
Subsidiary |
THE CHOSUN HOTEL CO., LTD.(110111-0003999) (98.8% held by the
subject company) SHINSEGAE FOOD CO., LTD.(110111-0305288) (46.1% held by
the subject company) SHINSEGAE L&B CO., LTD.(110111-4015338) (100.0% held by the subject company) EVERYDAY RETAIL CO., LTD.(110111-0167498) (99.3% held by the subject company) SHINSEGAE RESORT CO., LTD.(141311-0010513) (100.0% held by the subject company) SHINSEGAE PROPERTY INC.(110111-5284198) (90.0% held by the subject company) WITHME FS CO., LTD.(110111-3419515) (100.0% held by the subject company) SERINFOOD CO., LTD.(134811-0113655) SMOOTHIE KING KOREA, INC.(110111-5905033) SHINSEGAE YOUNGRANGHO RESORT CO., LTD.(EX.TONG YANG RESORT.CO., LTD.) (100.0% held by the subject company) JEJU SOJU CO., LTD.(220111-0085340) (100.0% held by the subject company) |
|
Subsidiary |
SHANGHAI E-MART CO., LTD.(CHINA) (100.0% held by the subject company) TIANJIN E-MART CO., LTD.(CHINA) (100.0% held by the subject company) SHANGHAI SHINSEGAE DEPARTMENT STORE CO.,
LTD.(CHINA) (100.0% held by the subject company) MUSUCK E-MART CO., LTD.(CHINA) (100.0% held by the subject company) BEIJING E-MART CO., LTD.(CHINA) (100.0% held by the subject company) KONSAN E-MART CO., LTD.(CHINA) (100.0% held by the subject company) YOUNGPA EMART CO., LTD.(CHINA) (100.0% held by the subject company) HANGZHOU E-MART CO., LTD.(CHINA) (100.0% held by the subject company) SANGJU SHINSEGAE E-MART CO., LTD.(CHINA) (100.0% held by the subject company) TAEJU SHINSEGAE COMMERCIAL CO., LTD.(CHINA) (100.0% held by the subject company) E-MART AMERICA, INC.(USA) (100.0% held by the subject company) E-MART VIETNAM CO., LTD(VIETNAM) (100.0% held by the subject company) |
|
Cooperative Enterprise |
-Insured Company SAMSUNG FIRE & MARINE INSURANCE CO., LTD.(110111-0005078) |
Sales by Region (Activity & Markets)
|
Sales/ Unit :Mil KRW |
03/2012 |
2011 |
2010 |
|
Export |
35 |
468 |
|
|
Domestic |
2,849,870 |
7,200,325 |
|
|
Total |
2,849,905 |
7,200,793 |
|
The Subject deals
with the companies in China.
Court
Action
There are cases
filed as Defendant(s)/ Debtor(s)/ Respondent(s) amounting 2,943,000,000 KRW
including the above cases as of 12/31/2017.
News
Clipping
---------
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
INR 66.77 |
|
|
1 |
INR 90.58 |
|
Euro |
1 |
INR 79.97 |
|
KRW |
1 |
INR 0.062 |
Note:
Above are approximate rates obtained from sources believed to be correct
INFORMATION DETAILS
|
Analysis Done by
: |
NIS |
|
|
|
|
Report Prepared
by : |
NIT |
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.