MIRA
INFORM REPORT
|
Report Date : |
01.11.2008 |
IDENTIFICATION
DETAILS
|
Name : |
ARVINMERITOR CVS AXLES FRANCE |
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|
|
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Registered Office : |
36 Rue Du Lyonnais 69800 Saint Priest |
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|
|
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Country : |
France |
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|
|
|
Financials (as on) : |
30.09.2007 |
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Date of Incorporation : |
06.2004 |
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|
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Com. Reg. No.: |
RCS Lyon B 477565907 |
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|
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|
Legal Form : |
Simplified Joint Stock Company |
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|
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|
Line of Business : |
Provide Automobile Equipments |
RATING &
COMMENTS
|
MIRA’s Rating : |
Ca |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
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 |
|
Status : |
Moderate |
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|
|
|
Payment Behaviour : |
No Complaints |
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|
|
|
Litigation : |
Clear |
Company
Summary
|
COMPANY DETAILS |
|
|
Company Number |
47756590700029 |
|
Name |
ARVINMERITOR CVS AXLES FRANCE |
|
Telephone |
04 72 96 61 92 |
|
Legal form |
Simplified joint stock company |
|
RCS Registration |
RCS Lyon B 477565907 |
|
Share Capital |
32,096,347 |
|
Incorporation Date |
06/2004 |
|
Address |
36 RUE DU LYONNAIS |
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Postcode |
69800 SAINT PRIEST |
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Nationality |
France |
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JUDGEMENTS
SUMMARY |
|
No judgements against this company. |
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DIRECTORS
SUMMARY |
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|
Directorships |
1 |
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ACCOUNTS SUMMARY
(LAST 3 YEARS) |
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Accounts Date |
30/09/2007 |
30/09/2006 |
30/09/2005 |
|
Turnover |
371,869,975 |
370,526,844 |
259,178,658 |
|
Networth |
-18,441,869 |
20,743,463 |
30,521,462 |
|
Number of Employees |
250 to 499 employees |
- |
- |
Company
Information
|
COMPANY DETAILS |
|
|
Company Name |
ARVINMERITOR CVS AXLES FRANCE |
|
Company Number |
47756590700029 |
|
Activity (APE) |
Fabrication d'autres équipements automobiles |
|
Activity (APRM) |
|
|
Currency |
EURO (€) |
|
Share capital |
32,096,347 |
|
Registration Court |
Lyon (69) |
|
Legal form |
Simplified joint stock company |
|
Court Registry Number |
04 B 02718 |
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EU VAT Number |
FR70477565907 |
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Incorporation Date |
06/2004 |
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Formation Date |
06/2004 |
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Deregistration Date |
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|
Last account Date |
30/09/2007 |
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Nationality |
France |
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ESTABLISHMENT
DETAILS |
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|
Postal Address |
36 RUE DU LYONNAIS, |
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Trading Address |
36 RUE DU LYONNAIS, |
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Telephone |
04 72 96 61 92 |
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Fax |
|
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Type |
Head office (one site company) |
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Status |
Economically active |
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Formation Date |
06/2004 |
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Reason for formation |
Contribution |
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Closure Date |
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Reason for closure |
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|
Reactivation Date |
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Production Role |
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Activity Nature |
- |
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Activity Location |
Other |
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Location Service |
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Seasonality |
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OTHER ESTABLISHMENTS |
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Branches |
1 branch entities in this company |
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Regionality |
Near mono-regional company: with multiple branches, having branches in
several regions, but at least 80% of workforce in only one region |
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Mono-activity status |
Legal unit of which all establishments have the same main activity |
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WORKFORCES |
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Workforce at address |
250 to 499 employees |
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Company workforce |
250 to 499 employees |
Accounts
& Ratios
|
PROFIT &
LOSS |
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Account Date |
30/09/2007 |
% |
30/09/2006 |
% |
30/09/2005 |
|
Account period (month) |
12 |
- |
12 |
- |
12 |
|
Account Type |
Normal Account |
- |
Normal Account |
- |
Normal Account |
|
Currency |
Euro |
- |
Euro |
- |
Euro |
|
Turnover |
371,869,975 |
0.4% |
370,526,844 |
43.0% |
259,178,658 |
|
Exports |
99,864,242 |
14,458.7% |
685,942 |
58.7% |
432,236 |
|
Operating Charges |
401,024,891 |
5.5% |
380,185,906 |
389.8% |
77,626,845 |
|
Operating Profit |
-29,349,652 |
-362.5% |
-6,345,475 |
-311.9% |
2,995,192 |
|
Financial Income |
6,646 |
-82.0% |
36,859 |
-0.8% |
37,139 |
|
Financial Charges |
2,640,720 |
174.0% |
963,903 |
229.2% |
292,795 |
|
Pre-Tax Profit |
-31,983,726 |
-339.8% |
-7,272,518 |
-365.5% |
2,739,536 |
|
Extraordinary Income |
1,786,175 |
-14.6% |
2,092,173 |
101.3% |
1,039,293 |
|
Extraordinary Charges |
8,933,194 |
93.4% |
4,619,672 |
-13.2% |
5,322,968 |
|
Net Profit |
-39,130,747 |
-298.0% |
-9,832,224 |
-524.2% |
-1,575,246 |
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BALANCE SHEET |
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Account Date |
30/09/2007 |
% |
30/09/2006 |
% |
30/09/2005 |
|
Assets |
|||||
|
- Tangible assets |
32,812,497 |
-14.0% |
38,167,374 |
-9.3% |
42,064,536 |
|
Intangible assets |
2,591,543 |
83.3% |
1,413,694 |
25.5% |
1,126,443 |
|
Financial assets |
0 |
- |
0 |
-100.0% |
1,732 |
|
Total fixed assets |
35,404,040 |
-10.6% |
39,581,071 |
-8.4% |
43,192,711 |
|
Stocks |
23,336,500 |
10.0% |
21,222,988 |
17.7% |
18,023,785 |
|
Receivables |
66,070,075 |
1.1% |
65,323,550 |
-16.1% |
77,831,566 |
|
- Trade Receivables |
65,403,408 |
1.3% |
64,555,768 |
-6.5% |
69,039,672 |
|
- Misc. Receivables |
666,667 |
- |
767,782 |
- |
8,791,894 |
|
Cash |
203,631 |
-93.7% |
3,232,711 |
44,014.5% |
7,328 |
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Misc. Current Assets |
984,120 |
- |
3 |
- |
85,679 |
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Total Current Assets |
90,594,326 |
0.9% |
89,779,252 |
-6.4% |
95,948,358 |
|
Liabilities |
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Trade Accounts Payable |
98,247,794 |
8.2% |
90,842,115 |
41.8% |
64,062,407 |
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Bank Loans and Liabilities |
6,840 |
- |
0 |
-100.0% |
14,742,137 |
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Sundry Loan and Liabilities |
|
- |
|
- |
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Advanced Payments Received |
0 |
- |
0 |
- |
0 |
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Tax and Social Liabilities |
10,864,780 |
53.2% |
7,092,729 |
-50.6% |
14,361,690 |
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Miscellaneous Liabilities |
25,013,016 |
- |
1,322,034 |
- |
5,922,366 |
|
Provisions for Risks & Charges |
10,307,807 |
10.1% |
9,359,979 |
-1.8% |
9,531,007 |
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Other Capital Resources |
0 |
- |
0 |
- |
0 |
|
Share Capital |
32,096,347 |
0.0% |
32,096,347 |
0.0% |
32,096,347 |
|
Revaluation Reserve |
0 |
- |
0 |
- |
0 |
|
Other Reserves |
-50,538,216 |
- |
-11,352,884 |
- |
-1,574,885 |
|
Total Shareholders Funds |
-18,441,869 |
-188.9% |
20,743,463 |
-32.0% |
30,521,462 |
|
|
|||||
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Total Assets |
125,998,370 |
-2.6% |
129,360,323 |
-7.0% |
139,141,069 |
|
Net Worth |
-21,033,412 |
- |
19,329,769 |
- |
29,395,019 |
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RATIOS |
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Account Date |
30/09/2007 |
% |
30/09/2006 |
% |
30/09/2005 |
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Structure |
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Protection |
-11.68% |
|
15.57% |
|
21.34% |
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Net Gearing |
21.92% |
|
0 |
|
10.68% |
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Repayment Power |
-0.02% |
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0 |
|
226.95% |
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Capital Requirement |
-42.00 day |
|
-9.00 day |
|
16.00 day |
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Working Capital Requirement |
-8.00 day |
|
-12.00 day |
|
16.00 day |
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Net Cash |
-34.00 day |
|
3.00 day |
|
0 |
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Performance |
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Return on Invested Capital |
-47.00% |
|
5.00% |
|
23.00% |
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Return on Equity |
212.18% |
|
-47.40% |
|
-5.16% |
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Gross Profit |
3.16% Turnover |
|
7.65% Turnover |
|
13.57% Turnover |
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Growth v's Year Ago Qtr |
1,343,131€ |
|
111,348,186€ |
|
259,178,658€ |
|
Inventory Returns |
0 |
|
2.00 day |
|
-313.00 day |
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Receivables Days |
30.00 day |
|
63.00 day |
|
96.00 day |
|
Payable Days |
97.00 day |
|
94.00 day |
|
95.00 day |
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SIG |
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Profit |
100.00% Turnover |
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0 |
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0 |
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Gross Profit |
3.16% Turnover |
|
7.65% Turnover |
|
13.57% Turnover |
|
Wage and Salary distribution / Gross Profit |
213.20% Turnover |
|
80.62% Turnover |
|
61.49% Turnover |
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Gross Operating Surplus |
-4.48% Turnover |
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0.49% Turnover |
|
3.91% Turnover |
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Pre-tax Income |
-8.60% Turnover |
|
-1.96% Turnover |
|
1.06% Turnover |
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Net Profit/Loss |
-10.52% |
|
-2.65% |
|
-0.61% |
Judgements
Collective Procedures
|
Courts |
|
There are no Judgements filed against this company. |
|
Rncs |
|
There are no Judgements filed against this company. |
|
Bodacc |
|
There are no Judgements filed against this company. |
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Preferentials Rights |
|
No social security and tax office preferential right to date. |
Group
Structure
No group structure for this company.
Event
history
|
Status history |
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|
Date |
Description |
|
04/01/2008 |
Economically active |
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Recent Publications in Gazettes |
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|
No status Gazette Publications for this company. |
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COMPANY EVENTS HISTORY |
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|
Date |
Description |
|
01/06/2007 |
Appointment/resignation of company officers |
|
01/06/2007 |
Private document |
|
01/06/2007 |
Minutes of general meeting of shareholders |
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30/09/2006 |
New accounts available |
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11/07/2006 |
Private document |
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11/07/2006 |
Minutes of general meeting of shareholders |
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11/07/2006 |
Appointment/resignation of company officers |
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30/09/2005 |
New accounts available |
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30/11/2004 |
Declaration of conformity |
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30/11/2004 |
Updated articles of association |
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30/11/2004 |
Private document |
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30/11/2004 |
New company name |
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30/11/2004 |
Minutes of general meeting of shareholders |
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30/11/2004 |
Capital increase |
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30/11/2004 |
Appointment/resignation of company officers |
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24/09/2004 |
Private document |
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24/09/2004 |
Audit or Management Report |
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17/09/2004 |
Private document |
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17/09/2004 |
Audit or Management Report |
|
01/09/2004 |
Planned merger |
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ESTABLISHMENT
EVENTS HISTORY |
|
|
Date |
Description |
|
23/06/2008 |
Update Rating |
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23/06/2008 |
Update Limit |
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04/06/2008 |
Update Rating |
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07/02/2008 |
Update Rating |
|
09/12/2007 |
Update Limit |
|
24/07/2007 |
Update Rating |
Directors
|
Director |
|||
|
Name |
M VELTEN EBERHARD |
Manager position |
Président |
|
Date of birth |
04/16/1953 |
Place of birth |
MERENBERG ALLEMAGNE |
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Type of manager |
Individual |
Name at birth of manager |
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FOREIGN EXCHANGE
RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.48.96 |
|
UK Pound |
1 |
Rs.80.26 |
|
Euro |
1 |
Rs.63.08 |
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. |
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%)