MIRA INFORM REPORT
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Report Date : |
06.08.2011 |
IDENTIFICATION DETAILS
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Name : |
QUIMDIS SA |
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Registered Office : |
71, Rue Anatole France, Levallois Perret, 92300 |
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Country : |
France |
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Financials (as on) : |
31.07.2010 |
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Date of Incorporation : |
15.08.1988 |
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Com. Reg. No.: |
347990442 |
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Legal Form : |
Private Subsidiary |
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Line of Business : |
wholesale of industrial chemicals |
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 : |
No Complaints |
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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 – March 31st, 2011
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Country Name |
Previous Rating (31.12.2010) |
Current Rating (31.03.2011) |
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France |
a1 |
a1 |
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Risk Category |
ECGC Classification |
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Insignificant |
A1 |
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Low |
A2 |
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Moderate |
B1 |
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High |
B2 |
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Very High |
C1 |
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Restricted |
C2 |
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Off-credit |
D |
Company name & address
Quimdis Sa
71, Rue Anatole France
Levallois Perret, 92300
France
Tel: +33 01 55 46 50 00
Fax: +33 01 47 39 91 90
Synthesis
Employees: 19
Company Type: Private Subsidiary
Corporate Family: 2
Companies
Ultimate Parent: Sofiquim
Incorporation Date:
15-Aug-1988
Financials in: USD
(Millions)
Fiscal Year End:
31-Jul-2010
Reporting Currency: Euro
Annual Sales: 72.4
Total Assets: 32.7
Business Description
Quimdis Sa is
primarily engaged in wholesale of industrial chemicals (aniline, printing ink,
essential oils, industrial gases, chemical glues, colouring matter, synthetic
resin, methanol, paraffin, scents and flavourings, soda, industrial salt, acids
and sulphur, starch derivatives, etc.); wholesale of fertilisers and
agro-chemical products; wholesale of plastic materials in primary forms; and
wholesale of rubber.
Industry
Industry Chemical Manufacturing
ANZSIC 2006: 3323 - Industrial
and Agricultural Chemical Product Wholesaling
NACE 2002: 5155 - Wholesale
of chemical products
NAICS 2002: 4246 - Chemical
and Allied Products Merchant Wholesalers
UK SIC 2003: 5155 - Wholesale
of chemical products
US SIC 1987: 5169 - Chemicals
and Allied Products, Not Elsewhere Classified
Key Executives
Name Title
Jean-Francois Quarre Director,
President
Michel Manalt General
manager, Marketing director
Claire Couratier General
manager, General secretariat
Michel Lhotellier Director
Registered No.(FRA): 347990442
1 - Profit & Loss Item Exchange Rate: USD 1 = EUR 0.7275557
2 - Balance Sheet Item Exchange Rate: USD 1 = EUR 0.7675775
Corporate Overview
Location
71, Rue Anatole France
Levallois Perret, 92300
France
Tel: +33 01 55 46 50 00
Fax: +33 01 47 39 91 90
Sales EUR(mil): 52.6
Assets EUR(mil): 25.1
Employees: 19
Fiscal Year End: 31-Jul-2010
Industry: Chemical
Manufacturing
Incorporation Date: 15-Aug-1988
Company Type: Private
Subsidiary
Quoted Status: Not
Quoted
Registered No.(FRA): 347990442
Director, President: Jean-Francois
Quarre
Contents
· Industry Codes
· Business Description
· Financial Data
· Key Corporate Relationships
Industry Codes
ANZSIC 2006 Codes:
3323 - Industrial and Agricultural Chemical Product Wholesaling
NACE 2002 Codes:
5155 - Wholesale of chemical products
NAICS 2002 Codes:
4246 - Chemical and Allied Products Merchant Wholesalers
US SIC 1987:
5169 - Chemicals and Allied Products, Not Elsewhere Classified
UK SIC 2003:
5155 - Wholesale of chemical products
Business
Description
Quimdis Sa is
primarily engaged in wholesale of industrial chemicals (aniline, printing ink,
essential oils, industrial gases, chemical glues, colouring matter, synthetic
resin, methanol, paraffin, scents and flavourings, soda, industrial salt, acids
and sulphur, starch derivatives, etc.); wholesale of fertilisers and
agro-chemical products; wholesale of plastic materials in primary forms; and
wholesale of rubber.
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Corporate
Family |
Corporate
Structure News: |
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Total Corporate Family Members: 2 |
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Company Name |
Company Type |
Location |
Country |
Industry |
Sales |
Employees |
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Parent |
Levallois Perret |
France |
Miscellaneous Capital Goods |
0.9 |
14 |
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Subsidiary |
Levallois Perret |
France |
Chemical Manufacturing |
72.4 |
19 |
Executive report
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Executives |
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Director, President |
President |
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General manager, General secretariat |
Administration Executive |
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Director |
Administration Executive |
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General manager, Marketing director |
Administration Executive |
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Annual Profit & Loss
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31-Jul-2010 |
31-Jul-2009 |
31-Jul-2008 |
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Period Length |
12 Months |
12 Months |
12 Months |
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Filed Currency |
EUR |
EUR |
EUR |
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Exchange Rate
(Period Average) |
0.727556 |
0.737573 |
0.673805 |
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Consolidated |
No |
No |
No |
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Total income |
72.7 |
72.4 |
70.9 |
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Net sales |
72.4 |
72.3 |
70.1 |
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Change in stock |
- |
1.6 |
- |
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Supplementary operating income |
0.1 |
0.0 |
0.8 |
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Other operating income |
0.2 |
0.1 |
0.1 |
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Other external charges |
7.1 |
8.0 |
8.4 |
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Cost of goods sold |
60.8 |
56.0 |
56.1 |
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Taxes and social security costs |
0.3 |
0.3 |
0.3 |
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Social charges |
1.3 |
1.1 |
1.1 |
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Total payroll costs |
3.3 |
2.6 |
2.4 |
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Cost of stock depreciation and
amortisation |
- |
0.2 |
0.1 |
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Fixed asset depreciation and amortisation |
0.1 |
0.1 |
0.1 |
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Other operating costs |
0.0 |
0.0 |
0.7 |
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Total operating
costs |
69.8 |
69.8 |
67.1 |
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Net operating
income |
2.9 |
2.6 |
3.8 |
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Total financial
income |
0.2 |
0.2 |
0.0 |
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Interest payable on loans |
0.5 |
0.9 |
1.2 |
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Total expenses |
0.5 |
0.9 |
1.2 |
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Profit before tax |
2.6 |
1.9 |
2.6 |
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Extraordinary income |
0.2 |
0.3 |
0.0 |
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Extraordinary expenses |
0.5 |
0.1 |
0.2 |
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Extraordinary result |
- |
0.2 |
- |
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Total taxation |
0.7 |
0.6 |
0.8 |
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Net profit |
1.6 |
1.5 |
1.6 |
Annual Balance Sheet
Financials in: USD
(mil)
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31-Jul-2010 |
31-Jul-2009 |
31-Jul-2008 |
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Filed Currency |
EUR |
EUR |
EUR |
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Exchange Rate |
0.767578 |
0.705343 |
0.640923 |
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Consolidated |
No |
No |
No |
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Issued capital |
1.0 |
1.1 |
1.2 |
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Share premium account |
0.0 |
0.0 |
0.0 |
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Legal reserves |
1.7 |
1.5 |
1.9 |
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Total reserves |
8.2 |
8.3 |
8.4 |
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Profits for the year |
1.5 |
1.5 |
1.7 |
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Total
stockholders equity |
12.4 |
12.4 |
13.2 |
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Provisions and allowances |
0.2 |
0.2 |
0.0 |
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Trade creditors |
7.0 |
9.8 |
11.1 |
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Advances received |
0.6 |
0.9 |
- |
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Bank loans and overdrafts |
8.5 |
8.3 |
8.2 |
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Current bank debts |
6.6 |
4.2 |
6.7 |
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Other loans |
1.5 |
1.4 |
0.7 |
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Other liabilities |
1.2 |
1.7 |
0.4 |
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Taxation and social security |
1.3 |
1.3 |
1.1 |
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Total current
liabilities |
19.5 |
22.6 |
20.6 |
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Total debts |
20.1 |
23.4 |
21.5 |
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Total
liabilities (including net worth) |
32.7 |
36.0 |
34.7 |
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Patents |
0.0 |
0.0 |
0.0 |
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Goodwill |
0.5 |
0.6 |
- |
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Other fixed assets |
0.2 |
0.3 |
0.3 |
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Long-term investments |
1.0 |
1.0 |
- |
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Other financial assets |
1.7 |
1.5 |
2.1 |
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Total
non-current assets |
3.4 |
3.4 |
2.4 |
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Prepayments |
1.8 |
2.2 |
1.8 |
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Net stocks and work in progress |
17.1 |
15.4 |
18.8 |
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Trade debtors |
9.1 |
11.8 |
9.4 |
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Other receivables |
0.7 |
0.7 |
0.9 |
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Prepaid expenses |
0.1 |
0.1 |
0.2 |
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Cash and liquid assets |
0.4 |
2.4 |
1.3 |
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Marketable securities |
0.0 |
0.0 |
0.0 |
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Total current
assets |
29.3 |
32.7 |
32.3 |
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Total assets |
32.7 |
36.0 |
34.7 |
Annual Ratios
Financials
in: USD (mil)
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31-Jul-2010 |
31-Jul-2009 |
31-Jul-2008 |
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Period Length |
12 Months |
12 Months |
12 Months |
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Filed Currency |
EUR |
EUR |
EUR |
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Exchange Rate |
0.767578 |
0.705343 |
0.640923 |
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Consolidated |
No |
No |
No |
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Current ratio |
1.50 |
1.40 |
1.60 |
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Quick ratio |
0.60 |
0.80 |
0.70 |
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Total liabilities to net worth |
1.70% |
1.98% |
1.64% |
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Net worth to total assets |
0.36% |
0.33% |
0.38% |
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Collection period |
40.10 |
47.40 |
38.80 |
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Stock turnover rate |
4.00 |
4.90 |
3.90 |
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Asset turnover |
2.10% |
2.10% |
2.12% |
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Profit margin |
0.04% |
0.03% |
0.04% |
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Return on assets |
0.08% |
0.06% |
0.08% |
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Shareholders' return |
0.21% |
0.17% |
0.21% |
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Sales per employee |
18,175.28 |
18,404.06 |
16,301.96 |
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Profit per employee |
646.26 |
486.93 |
604.56 |
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Average wage per employee |
817.82 |
665.47 |
551.58 |
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Net worth |
12.4 |
12.4 |
13.2 |
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Number of employees |
19 |
19 |
19 |
FOREIGN EXCHANGE RATES
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Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
Rs.44.80 |
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UK Pound |
1 |
Rs.72.86 |
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Euro |
1 |
Rs.63.11 |
RATING EXPLANATIONS
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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>86 |
Aaa |
Possesses an extremely sound financial base with the strongest
capability for timely payment of interest and principal sums |
Unlimited |
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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 |
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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 |
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41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
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26-40 |
B |
Capability to overcome financial difficulties seems comparatively below
average. |
Small |
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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 |
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<10 |
C |
Absolute credit risk exists. Caution needed to be exercised |
Credit not
recommended |
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NB |
New Business |
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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%)
This report is issued at your request without any
risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL)
or its officials.