MIRA
INFORM REPORT
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Report Date : |
18.06.2007 |
IDENTIFICATION DETAILS
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Name : |
HACH COMPANY |
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Registered Office : |
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Country : |
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Date of Incorporation : |
03/04/1968 |
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Legal Form : |
Corporation – Private |
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Line of Business : |
Manufacturer and distributor of analytical instruments, test kits, and
reagents for testing the quality of water and aqueous solutions. |
RATING & COMMENTS
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MIRA’s Rating : |
Ba |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal commitments. |
Satisfactory |
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Status : |
Satisfactory |
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Payment Behaviour : |
Regular |
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Litigation : |
Clear |
IDENTIFICATION &
EXECUTIVE SUMMARY
Company Name : HACH COMPANY
Address :
P.O.
City :
State/Province :
Zip Code :
80539
Country :
UNITED STATES
Telephone : 970
669-3050
Facsimile :
970 461-3912
Legal Form :
Corporation - Private
As of :
--
Sales / Revenue : --
Net Income : --
Total Equity : --
Number of Employees : 955
Website :
www.hach.com
Business Activity : Hach Company
is a manufacturer and distributor of analytical instruments, test kits, and
reagents for testing the quality of water and
aqueous solutions.
NOTE TO CLIENT
Contact Person : Ms. Sonia Kiehn
Position :
Human Resource Manager
LEGAL
Legal Form :
Corporation - Private
Since (D/M/Y) :
03/04/1968
State/Province of Incorporation :
DE
Status :
ACTIVE
Previous Legal Form:
Company is NOT required to publish an annual financial report.
The Company is incorporated in the State of
File Number: 0675529
Incorporation Date
/ Formation Date:
04/03/1968
Entity Name: HACH COMPANY
Entity Kind: CORPORATION
Entity Type: GENERAL
Residency: DOMESTIC
State: DE
REGISTERED AGENT
INFORMATION
Name: THE CORPORATION TRUST COMPANY
Address: CORPORATION TRUST CENTER
City:
County: NEW CASTLE
State: DE
Postal Code: 19801
--------------------------------------------------------------
The Company is authorized to conduct business in the State of
ID Number: 19871064387
Name: HACH COMPANY
Registered Agent: THE CORPORATION COMPANY
1675 BROADWAY
Principal Office Street Address:
Status: Good Standing
Form: Foreign Corporation
Jurisdiction:
Formation Date: 06/13/1977
Term of Duration: Perpetual
Managers/Key
Personnel
Mr. Tom Joyce
President
Mr. Gary Dreher
Chief Financial Officer
Mr. Chris Fergen
Vice President - Sales
AFFILIATED ENTITIES
There are numerous other affiliates. A partial list has been provided.
DANAHER CORPORATION &
SUBSIDIARIES
AB Qualitrol AKM
Abek LLC
ACC Motion GmbH
AC Intermediate Company
Accu-Sort
Accu-Sort Canada Inc.
Accu-Sort
Accu-Sort Systems
Accu-Sort Systems Inc.
Acme-Cleveland Corp.
Advanced Motion Controls AB
Aeronautique Systems BIP SAS
Albuma Manufacturing Ltd.
Allen Manufacturing Company
Alltek Angewandte Laserlicht Technologie GmbH
Alltek Italia Srl
Alltek UK Ltd.
American Precision Industries Inc.
Anderson Instrument Company LP
API Development Corporation
API Harowe (St.Kitts) Ltd.
API Portescap SA
API Portescap France SA
API Portescap International
API Portescap Polska Sp.zoo
API Portescap
API Wisconsin Inc.
ApS KBUS 38 nr.2017
ApS KBUS 38 nr.2018
Armstrong Tools Inc.
Artus SAS
Artus
Assembly Technologies LLC
Aviation Mobility LLC
Ball Screws and Actuators Co.Inc.
Beamco Inc.
Bio-Tek
Bobinas
Calzoni Srl
Christian Beha GmbH
Codificadora y Etiquetadora Willett Ltda.
Communications Technology Mexico SA/CV
Cryla SAS
Danaher Canada Partners Inc.
Danaher Canadian Finance LP
Danaher Canadian Holdings LP
Danaher Corporation
Danaher Dental Technology Investments Inc.
Danaher Finance Company
Danaher Finance Company AB
Danaher Finance Company LLC
Danaher GbR
Danaher Holding Company ApS
Danaher Holdings GmbH
Danaher Hong Kong Ltd.
Danaher ICG
Danaher Industrial Controls GmbH
Danaher Insurance Company
Danaher
Danaher Medical ApS
Danaher Motion I
Danaher Motion GmbH
Danaher Motion
Danaher Motion
Danaher Motion (
Danaher Motion LLC
Danaher Motion SA
Danaher Motion
Danaher Motion Srl
Danaher Motion sro
Danaher Motion
Danaher Motion Technology LLC
Danaher Power Solutions LLC
Danaher Service Company of Illinois Inc.
Danaher Setra-ICG (
Danaher Tool Group LP
Danaher Tool (
Danaher Tool (
Danaher UK Finance Inc.
Danaher UK Industries Ltd.
Danaher
Danaher Verwaltungs GmbH
Data Recorders Inc.
DCI Consolidated Industries Inc.
Delta Consolidated Industries Inc.
DH Denmark Holding ApS
DH Holdings Corp.
DHR
Diesel Engine Retarders Inc.
DMG Partners
DMG Plastics Inc.
Dolan-Jenner Industries Inc.
DOMS A/S
Dr.Bruno Lange AG
Dr.Bruno Lange Gesellschaft mbH
Dr.Bruno Lange Srl
Dr.Bruno Lange Verwaltungs GmbH
Dynapar Corporation
Easco Hand Tools Inc.
ELE International GmbH
ELE International LLC
ELE International Ltd.
EXE International Inc.
Fisher Pierce Company
FJ 900 Inc.
Flow Measurement Corporation
Fluke
Fluke
Fluke Biomedical Corporation
Fluke
Fluke do Brasil Ltda.
Fluke Corporation
Fluke Danmark A/S
Fluke Deutschland GmbH
Fluke Electronics
Fluke Electronics Corporation
Fluke Electronics (
Fluke
Fluke Finance Company Ltd.
Fluke
Fluke France SA
Fluke (G.B.) Ltd.
Fluke
Fluke Holding Company AB
Fluke Holding Company Ltd.
Fluke Iberica SL
Fluke
Fluke International Corporation
Fluke
Fluke Italia Srl
Fluke
Fluke
Fluke Norge A/S
Fluke Precision Measurements Ltd.
Fluke Shanghai Corporation
Fluke
Fluke
Fluke Switzerland AG
Fluke (
Fluke Vertriebsgesellschaft mbH
Gasboy International LLC
Gems Sensors GmbH
Gems Sensors Inc.
Gems Sensors Sarl
Gems Sensors Srl
Gendex Corporation
Gendex Dental Systems GmbH
Gendex Dental Systems KK
Gendex Dental Systems LP
Gendex Dental Systems Pty.Ltd.
Gendex Dental Systems Sarl
Gendex Dental Systems Srl
GID Acquisition Company
Gilbarco Australia Ltd.
Gilbarco Canada Corporation
Gilbarco GmbH & Co.KG
Gilbarco Holdings Ltd.
Gilbarco Hong Kong Ltd.
Gilbarco LLC
Gilbarco International Inc.
Gilbarco Latin
Gilbarco Latin America SA
Gilbarco Ltd.
Gilbarco (NZ) Ltd.
Gilbarco Partners
Gilbarco SpA
Gilbarco Technology GmbH
Gilbarco Verwaltungs GmbH
G& L Acquisition Corp.
Hach Lange AB
Hach Lange A/S
Hach Lange GmbH
Hach Lange Ltd.
Hach Lange SA
Hach Lange SL
Hach Lange Sp zoo
Hach Sales & Service Canada
Ltd.
Hach SAS
Hach Ultra Analytics GmbH
Hach Ultra Analytics Inc.
Hach Ultra Analytics
Hach Ultra Analytics Ltd.
Hach Ultra Neuchatel SA
Hand Tool Design Corporation
Hart Scientific LLC
Heat Transfer Guarantee Co. LLC
Hecon Properties Inc.
Helen Acquisition Corp.
Helen Nova
Hengstler Controle Numerique Sarl
Hengstler Espana SA
Hengstler GmbH
Hengstler Italia Srl
Hengstler sro Kezmarok
Hennessy
Hennessy Industries
Hennessy Industries Inc.
Holo-Krome Company
Holo-Krome Ltd.
Hunfin Investment Company Ltd.
Hunfin Kft
Hunfin Ltd
ICG Holdings Srl
IDC Acquisition LLC
IME Electronics Zhuhai Co.Ltd.
Parent Companies
Parent Company: DANAHER CORPORATION
UNITED STATES
Parent Company: Danaher
Corporation
Hach Company financial details are consolidated into its parent Company
Danaher Corporation Financial information expressed in thousands of US$:
12/31/2006 12/31/2005
Total Current Assets: $3,394,902 $2,945,019
Total Assets: $12,864,151 $9,163,109
Total Current Liabilities: $2,459,556 $2,268,586
Total Liabilities: $6,219,491 $4,082,759
Total Equity: $6,644,660 $5,080,350
Total Revenue: $9,596,404 $7,984,704
Net Income: $1,122,029 $897,800
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Danaher Corporation, is a public
company with stock trading on the
BANKS
Telephone:
Facsimile:
Account Number:
Account Manager:
Management declined to provide the name and account number of the
primary bank.
PAYMENT HISTORY
BUSINESS
DATE LAST PAYMENT CREDIT BALANCE
CUR 1- 31- 61-
CATEGORY
REPTD
---------- ----- ----- ------- --------
-------- --- --- --- --- --- --------
ADVERTISNG 07-03 05-09 0000000 100 100
0 0 0 0 100
AIR TRANS
06-11 00-00 NET 30 1200 100
80 20 0
0 0 COLLECTION
AUTOMOTIVE 07-01 06-09 NET 30 0
0 0 0
0 0 0
BUS SERVCS 06-11 06-11 NET 30 100
0 0 0
0 0 0
BUS SERVCS 07-02 00-00 NET 7 9600
5500 100 0 0
0 0
CHEMICALS
07-02 00-00 CREDIT 29900 29900
100 0 0 0 0
CHEMICALS
07-01 06-12 SPECIAL 16700
14200 78 22
0 0 0
COMPUTERS
07-01 02-01 CREDIT 20000 0
0 0 0
0 0
DISTRIBUTR 07-02 00-00 NET 30 100
100 100 0 0
0 0
DISTRIBUTR 07-02 00-00 NET30 0
0 0 0
0 0 0
ELEC EQUIP 07-02 00-00 NET 30 800
800 29 71
0 0 0
CUST 66 YR
ELEC EQUIP 07-02 00-00 NET 30 800
300 5 55 40 0 0
ELEC EQUIP 07-02 07-02 VARIED 7100
1200 100 0 0
0 0 CUST 21 YR
EQUIPMENT
07-03 00-00 COD 0 0
0 0 0
0 0 CUST
4 YR
FACTOR
07-03 05-11 NET 30 1800 0
0 0 0
0 0 CUST
2 YR
FACTOR
07-01 06-01 0000000 1100
0 0 0
0 0 0
FINCL SVCS 07-03 04-07 CONTRCT 100 0
0 0 0
0 0 CUST 12 YR
FOOD DISTR 07-03 07-03 NET 30 11000
3600 100 0 0
0 0 CUST 16 YR
FOOD DISTR 07-01 07-01 NET 30 10700
6700 100 0 0
0 0 CUST 12 YR
FREIGHT
07-03 06-11 VARIED 3900 3900
0 0 0
74 26
FRGHT FWRD 07-02 06-12 NET 30 0
0 0 0
0 0 0
GENERAL
07-02 00-00 N10PRXO 900 0
0 0 0
0 0
GENL MERCH 07-01 05-03 CREDIT 1500
0 0 0
0 0 0
IRON& STEEL 07-03 00-00 NET 30 5500
1200 64
36 0 0 0
MACH DISTR 07-01 05-11 1/10N30 0 0
0 0 0
0 0 CUST
1 YR
MANUFCTRNG 06-11 06-09 NET 30 300
300 0 100 0
0 0
MANUFCTRNG 07-03 07-02 VARIED 58600
1600 80 20
0 0 0
CUST 1 YR
METL FNSHG 07-03 00-00 NET 30 0
0 0 0 0 0 0
NURSRY SUP 07-03 00-00 VARIED 600
0 0 0
0 0 0
OFFC SUPPL 07-03 07-02 NET 30 100
100 100 0 0
0 0 CUST 21 YR
OPTIC SUPL 07-01 00-00 VARIED 300
200 0 100 0
0 0 CUST
6 YR
PACKAGING
07-01 06-12 NET 30 16600 10700
44 56 0
0 0 CUST 15 YR
PLUMBING
07-01 00-00 NET30 0 0
0 0 0
0 0 CUST
4 YR
PRNTG& PUBL 07-01 00-00 VARIED 0
0 0 0 0
0 0 CUST 12 YR
PRNTG& PUBL 06-12 06-12 CONTRCT 10000 10000
0 50 50
0 0 CUST 25 YR
PRNTG SUPL 07-03 07-02 NET 60 37900
8900 100 0 0
0 0 CUST
9 YR
RUBBER
07-03 06-11 NET 30 0 0
0 0 0
0 0
TELECOM
07-02 00-00 NET 30 1200 500
60 40 0
0 0 DISPUTE
TELECOM
07-02 07-01 NET EOM 100
0 0 0
0 0 0
TELECOM
07-03 00-00 NET 30 7700 3500
50 50 0
0 0 DISPUTE
TRUCK DLR
07-03 00-00 CONTRCT 34200
7700 64 35
1 0 0
WAREHOUSE
07-03 07-02 VARIED 400 200
100 0 0 0
0 CUST 5 YR
WHLSE TRAD 06-12 00-00 NET 30 300
300 100 0 0
0 0
ADVERTISNG 06-05 00-00 VARIED 0
0 0 0
0 0 0
AIR TRANS
05-01 00-00 104400 0
0 0 0
0 0
BLDG MATRL 06-09 06-07 VARIED 700
0 0 0
0 0 0
BOTL SUPLR 05-12 00-00 NET 30 0
0 0 0
0 0 0
COMMUN SVC 04-06 04-01 NET 30 0
0 0 0 0
0 0
COMPUTERS
05-05 00-00 CREDIT 0 0
0 0 0
0 0 CUST 37 YR
COMPUTERS
06-06 06-05 0000000 1300
1300 0 0
100 0 0
CRED CARD
07-03 07-02 REVOLVE 200
0 0 0
0 0 0
CUST 48 YR
ELEC DISTR 05-01 00-00 NET 30 0
0 0 0 0 0 0
ELEC EQUIP 06-09 06-08 CONTRCT 3800 3800
0 100 0 0 0
ELEC MFG
06-09 00-00 NET 30 8100 1600
83 0 0
0 17 CUST 4
YR
ELEC PARTS 06-06 05-12 NET 30 300
0 0 0 0
0 0 CUST
7 YR
ELEC SUPLR 04-08 04-08 2/10N30 4200 1400
76 24 0
0 0
ELEC SUPLR 05-04 00-00 VARIED 0
0 0 0
0 0 0
ELEC SUPLR 04-05 00-00 NET30 200
200 0 100 0
0 0
ELECTRONIC 04-09 00-00 VARIED 0
0 0 0 0 0 0
EQUIPMENT
04-10 00-00 NET 30 0 0
0 0 0
0 0
EQUIPMENT
06-02 00-00 NET 30 0 0
0 0 0
0 0
FACTOR
06-06 00-00 NET 30 0 0
0 0 0
0 0
FACTOR 04-10 00-00 NET 30 6600
6600 71 29
0 0 0
FASTNR MFG 05-09 04-02 COD 0
0 0 0
0 0 0
CUST 3 YR
FRGHT FWRD 06-01 00-00 NET 30 700
500 0 0
0 66 34
FUEL DISTR 06-02 06-01 NET 25 100
100 100 0
0 0 0
CUST 9 YR
GENERAL
05-02 03-03 NET 30 0 0
0 0 0
0 0 CUST
3 YR
HTNG SUPLR 06-05 06-04 VARIED 300
300 0 100 0
0 0
HOUSEWARES 06-04 05-02 VARIED 15300
0 0 0
0 0 0
LEASING
05-02 00-00 NET 30 4500 4500
0 34 33
33 0
MANUFCTRNG 06-10 00-00 CERTCHK 0 0 0
0 0 0 0
MANUFCTRNG 04-07 04-02 NET 30 3000
0 0 0
0 0 0
CUST 1 YR
MED SUPPLY 06-04 00-00 VARIED 6300
4000 82 18
0 0 0
METAL DIST 06-04 06-04 VARIED 19000
5500 81 0
0 0 19
CUST 25 YR
METAL DIST 05-06 05-02 5/10N30 300 0
0 0 0 0 0
MISC MANUF 05-04 05-03 VARIED 2400
2400 0 100 0
0 0
MISC MANUF 06-08 00-00 VARIED 200
0 0 0
0 0 0
OPTIC SUPL 05-09 00-00 VARIED 200
200 0 37
0 0 63
PACKAGING
06-01 99-05 NET 30 0 0
0 0 0
0 0
PAINTS
04-12 00-00 VARIED 600 0
0 0 0
0 0
PLUMBING
05-02 05-01 NET 10 3300 1000
76 24 0
0 0
PLBG& HTNG
06-09 06-08 CONTRCT 1500
100 100 0 0
0 0 CUST 15 YR
PLBG SUPLR 06-06 06-05 N25PRXO 200 100
100 0 0 0
0 CUST 6 YR
PLBG SUPLR 06-06 05-11 NET10TH 300 0
0 0 0
0 0 CUST
9 YR
PRNTG& PUBL 04-03 04-03 N30 100
100 0
100 0 0 0
RESTR SUPL 06-07 00-00 NET 30 0
0 0 0
0 0 0
CUST 6 YR
SAFTY PROD 06-03 00-00 NET 30 300
0 0 0
0 0 0
CUST 1 YR
SERVICES
04-08 04-07 VARIED 3900 2000
7 66 27
0 0 60 DYS SLO
TELECOM
05-07 05-05 NET 30 0 0
0 0 0
0 0 CUST 17 YR
TRANSPORTN 06-07 00-00 NET 15 0
0 0 0
0 0 0
ACCTCLOSED
CURRENT QUARTER 291000 111300
72 19 5
3 1
Payment Trends
INDUSTRY BUSINESS BALANCE
CUR 1- 31- 61-
DATE
CUR DBT DBT $ %
30 60 90 91+
--------
--- --- --- -------- --- --- --- --- ---
20070300
0 13 7 113300 68
24 8 0 0
20070200
0 13 9 119300 59
30 11 0 0
20070100
0 8 9 83800 59
31 10 0 0
20061200
0 8 6 84600 68
29 3 0 0
20061100
0 7 5
85800 72
24 4 0 0
20061000
0 6 4 88200 74
26 0 0 0
Payment History - Quarterly Averages
BALANCE CUR 1- 31- 61-
QUARTER
YEAR DBT $
% 30
60 90 91+
-------- ------ --- -------- --- --- --- --- ---
Fourth
2006 6 81300 69
27 4 0 0
Third
2006 5 81200 74
24 2 0 0
Second
2006 5
73400 76 21
3 0 0
First
2006 3 66200 81
17 2 0 0
Fourth
2005 5 65800 76
22 1 1 0
FINANCIAL INFORMATION
Financials are consolidated into those of the parent company which are
provided above.
HISTORY
Hach Company was started in 1947, in
In 1998, the Company expanded its portable testing capabilities with the
acquisition of Environmental Test Systems Inc., in
In 1999, Hach became a wholly owned subsidiary of Danaher Corporation,
which includes over 30 companies working in the Process/Environmental Controls
industries.
CURRENT OPERATIONS
NAICS Code: 334516 Analytical Laboratory Instrument
Manufacturing
SIC Code: 3826
Number of Employees:
955
Business Activity:
Hach Company is a manufacturer and distributor of analytical
instruments, test kits, and reagents for testing the quality of water and
aqueous solutions.
Hach Company services are offered for water quality testing, with
solutions for lab, process, and field.
The headquarters, also a manufacturing facility, is at the above-noted
address.
There is also a manufacturing facility in
PUBLIC RECORD
FILING INFORMATION
Filing Number:2004F099191
Filing Date: 09/08/2004
Filing Time: 2:55PM
Filing Type: ORIGINAL
Filing Office: SECRETARY OF STATE/UCC DIVISION
1560 BROADWAY
DEBTOR INFORMATION
Debtor(s): HACH COMPANY
SECURED PARTY OR CREDITOR INFORMATION
Secured Party(s): DYNATECH
TECHNOLOGY, INC.
COLLATERAL INFORMATION
Collateral Type: EQUIPMENT
-------------------------------------------------------------------------
FILING INFORMATION
Filing Number: 30645237
Filing Date: 02/19/2003
Filing Time: 2:02PM
Filing Type: ORIGINAL
Filing Office: SECRETARY OF
STATE/UCC DIVISION
FEDERAL
& DUKE OF
DEBTOR INFORMATION
Debtor(s): HACH COMPANY
SECURED PARTY OR CREDITOR INFORMATION
Secured Party(s): RAYMOND LEASING
CORPORATION
COLLATERAL INFORMATION
Collateral Type: EQUIPMENT
----------------------------------------------------------------------
FILING INFORMATION
Filing Number: 32769480
Filing Date: 10/22/2003
Filing Time: 6:06PM
Filing Type: ORIGINAL
Filing Office: SECRETARY OF
STATE/UCC DIVISION
FEDERAL
& DUKE OF
DEBTOR INFORMATION
Debtor(s): HACH COMPANY
SECURED PARTY OR CREDITOR INFORMATION
Secured Party(s): DELL FINANCIAL
SERVICES, L.P.
12234 N. IH-35 BLDG B
COLLATERAL INFORMATION
Collateral Type: LEASED COMPUTER
EQUIPMENT AND PROCEEDS
---------------------------------------------------------------------------
FILING INFORMATION
Filing Number: 41003815
Filing Date: 04/08/2004
Filing Time: 4:53PM
Filing Type: ORIGINAL
Filing Office: SECRETARY OF STATE/UCC
DIVISION
FEDERAL
& DUKE OF
DEBTOR INFORMATION
Debtor(s): HACH COMPANY
SECURED PARTY OR CREDITOR INFORMATION
Secured Party(s): CCA FINANCIAL,
LLC
COLLATERAL INFORMATION
Collateral Type: LEASED EQUIPMENT
Collateral Type: LEASED COMPUTER
EQUIPMENT
-----------------------------------------------------------------------------
FILING INFORMATION
Filing Number: 43671841
Filing Date: 12/29/2004
Filing Time: 4:11PM
Filing Type: ORIGINAL
Filing Office: SECRETARY OF
STATE/UCC DIVISION
FEDERAL & DUKE OF
DEBTOR INFORMATION
Debtor(s): HACH COMPANY
SECURED PARTY OR CREDITOR INFORMATION
Secured Party(s): GREATAMERICA
LEASING CORPORATION
CEDAR
RAPIDS, IA 52406
COLLATERAL INFORMATION
Collateral Type: LEASED COMPUTER
EQUIPMENT INCLUDING PROCEEDS AND PRODUCTS
-----------------------------------------------------------------------------
FILING INFORMATION
Filing Number: 20042027345
Filing Date: 03/15/2004
Filing Type: CONTINUATION
Filing Date of Related Filing:
03/24/1999
Filing Office: SECRETARY OF
STATE/UCC DIVISION
1560 BROADWAY
DEBTOR INFORMATION
Debtor(s): HACH COMPANY, INC.
SECURED PARTY OR CREDITOR INFORMATION
Secured Party(s): BANC OF
SUCCESSOR BY MERGER TO NATIONSCREDIT COMMERCIAL CORP
---------------------------------------------------------------------------
A nationwide search of bankruptcy courts revealed no record of the
Subject filing for bankruptcy.
GENERAL COMMENTS
Hach Company provides advanced analytical systems and technical support.
The payment record is satisfactory and the operating history is clear. No
derogatory information was found nor bankruptcy nationwide. This company is
considered responsible for normal business transactions.
RATING EXPLANATIONS
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
>86 |
Aaa |
Possesses an extremely sound financial base with the strongest
capability for timely payment of interest and principal sums |
Unlimited |
|
71-85 |
Aa |
Possesses adequate working capital. No caution needed for credit
transaction. It has above average (strong) capability for payment of interest
and principal sums |
Large |
|
56-70 |
A |
Financial & operational base are regarded healthy. General unfavourable
factors will not cause fatal effect. Satisfactory capability for payment of
interest and principal sums |
Fairly Large |
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
26-40 |
B |
Unfavourable & favourable factors carry similar weight in credit
consideration. Capability to overcome financial difficulties seems
comparatively below average/normal. |
Small |
|
11-25 |
Ca |
Adverse factors are apparent. Repayment of interest and principal sums
in default or expected to be in default upon maturity |
Limited with
full security |
|
<10 |
C |
Absolute credit risk exists. Caution needed to be exercised |
Credit not
recommended |
|
NR |
In view of the lack of information, we have no basis upon which to
recommend credit dealings |
No Rating |
|
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 and their relative weights (as indicated through %) are as
follows:
Financial
condition (40%) Ownership
background (20%) Payment
record (10%)
Credit history
(10%) Market trend
(10%) Operational
size (10%)