MIRA
INFORM REPORT
|
Report Date : |
27.12.2011 |
Company name & address
ITAV textile group Handelsgesellschaft mbH
Main address:
Bebbelsdorf 83
D 58454 Witten
Telephone: 02302/910510
Telefax: 02302/9105122
Homepage: www.itav.de
E-mail: info@itav.de
VAT no
DE126871605
Tax ID number
348/5992/0137
CONCLUSION
Business relations are permissible.
Synthesis
LEGAL FORM Private limited company
Date of foundation: 1984
Begin of business
activities: 1984
Registered on: 07.03.1984
Commercial Register: Local
court 44787 Bochum
under: HRB
8720
Share capital:
EUR 468,000.00
Shareholder
Gerhard Krupp
Hildegardstr. 4a
D 80539 München
born: 05.02.1954
Share: EUR 311,220.00
Shareholder:
Detlev Hasenkamp
Bebbelsdorf 83
D 58454 Witten
born: 15.09.1965
Share: EUR 156,780.00
Manager
Detlev Hasenkamp
Bebbelsdorf 83
D 58454 Witten
having sole power of representation
born: 15.09.1965
Profession: Businessman
Marital status: married
Manager:
Gerhard Krupp
Hildegardstr. 4a
D
80539 München
born:
05.02.1954
Profession: Businessman
Proxy
Werner Krebs
Rotteland 25a
D 44797 Bochum
authorized to jointly represent the company
born: 30.03.1957
Profession: Industrial manager
Further
functions/participations of Detlev Hasenkamp (Manager)
Limited partner:
t
& t accessories GmbH & Co. KG
Wullener Feld 61
D 58454 Witten
Legal
form: Ltd partnership with priv. ltd.
company as general partner
Total
cap. EUR 1,000.00
contribution:
Share: EUR 250.00
Registered
on: 02.06.2001
Reg.
data: 44787 Bochum, HRA 6071
Shareholder:
G
& B Handelsgesellschaft mbH
Wullener Feld 61
D
58454 Witten
Legal
form: Private limited company
Share
capital: EUR 300,000.00
Share: EUR 24,000.00
Registered
on: 24.10.2000
Reg.
data: 44787 Bochum, HRB 8236
Shareholder:
Inter
Mondial Tekstil Ticaret GmbH
Bebbelsdorf
83
D
58454 Witten
Legal
form: Private limited company
Share
capital: EUR 26,000.00
Share: EUR 13,000.00
Registered
on: 01.10.1993
Reg.
data: 44787 Bochum, HRB 8564
Shareholder:
t
& t accessories Beteiligungs GmbH
Wullener Feld 61
D 58454
Witten
Legal
form: Private limited company
Share
capital: EUR 25,000.00
Share: EUR 6,250.00
Registered
on:
05.03.2007
Reg.
data: 44787 Bochum, HRB 11136
Manager:
Jade-Europe GmbH
Maximilianstr. 38
D
80539 München
Legal
form: Private limited company
Share
capital: EUR 100,000.00
Registered
on: 11.11.2010
Reg.
data: 80797 München, HRB 188739
Manager:
Inter
Mondial Plus GmbH
Bebbelsdorf 83
D
58454 Witten
Legal
form: Private limited company
Share
capital: EUR 25,000.00
Registered
on: 06.12.2004
Reg.
data: 44787 Bochum, HRB 9667
Manager:
Inter
Mondial Tekstil Ticaret GmbH
Bebbelsdorf 83
D
58454 Witten
Legal form: Private limited company
Share
capital: EUR 26,000.00
Registered
on: 01.10.1993
Reg.
data: 44787 Bochum, HRB 8564
Further functions/participations
of Gerhard Krupp (Manager)
Limited partner:
t
& t accessories GmbH & Co. KG
Wullener Feld 61
D
58454 Witten
Legal
form: Ltd partnership with priv. ltd.
company as general partner
Total
cap. EUR 1,000.00
contribution:
Share: EUR 250.00
Registered
on: 02.06.2001
Reg.
data: 44787 Bochum, HRA 6071
Shareholder:
G
& B Handelsgesellschaft mbH
Wullener Feld 61
D
58454 Witten
Legal
form: Private limited company
Share
capital: EUR 300,000.00
Share: EUR 39,000.00
Registered
on: 24.10.2000
Reg.
data: 44787 Bochum, HRB 8236
Shareholder:
Munich
Accessories GmbH
Maximilianstr. 38-40
D
80539 München
Legal form:
Private limited company
Share
capital: EUR 25,000.00
Share: EUR 15,000.00
Registered
on: 08.03.2007
Reg. data: 80797 München, HRB 166767
Shareholder:
Inter
Mondial Tekstil Ticaret GmbH
Bebbelsdorf 83
D
58454 Witten
Legal
form: Private limited company
Share capital: EUR 26,000.00
Share: EUR 13,000.00
Registered
on: 01.10.1993
Reg.
data: 44787 Bochum, HRB 8564
Shareholder:
t
& t accessories Beteiligungs GmbH
Wullener Feld 61
D
58454 Witten
Legal
form: Private limited company
Share
capital: EUR 25,000.00
Share: EUR 6,250.00
Registered
on: 05.03.2007
Reg.
data: 44787 Bochum, HRB 11136
Manager:
Jade-Europe GmbH
Maximilianstr. 38
D
80539 München
Legal
form: Private limited company
Share
capital: EUR 100,000.00
Registered
on: 11.11.2010
Reg.
data: 80797 München, HRB 188739
Manager:
Munich
Accessories GmbH
Maximilianstr. 38-40
D
80539 München
Legal form: Private limited company
Share
capital: EUR 25,000.00
Registered
on: 08.03.2007
Reg.
data: 80797 München, HRB 166767
Manager:
Inter
Mondial Plus GmbH
Bebbelsdorf 83
D
58454 Witten
Legal
form: Private limited company
Share
capital: EUR 25,000.00
Registered
on: 06.12.2004
Reg.
data: 44787 Bochum, HRB 9667
Manager:
Inter
Mondial Tekstil Ticaret GmbH
Bebbelsdorf 83
D 58454
Witten
Legal
form: Private limited company
Share
capital: EUR 26,000.00
Registered
on: 01.10.1993
Reg.
data: 44787 Bochum, HRB 8564
COMPANY HISTORY
1984 - 12.11.1993 ITAV Handelsgesellschaft mbH
Bebbelsdorf 83
D
58454 Witten
Private limited company
12.11.1993 - 2011 ITAV textile group Handelsgesellschaft
mbH
Bebbelsdorf 83
D
58454 Witten
Private limited company
BUSINESS ACTIVITIES
Sectors
·
4642 Wholesale
of clothing and footwear
47710
Retail sale of clothing
FINANCIAL INFORMATION
Payment experience: within
agreed terms
Negative information: We
have no negative information at hand.
Maximum credit: 100,000 EUR
Balance sheet year: 2010
REAL ESTATE
Type of ownership: Tenant
Address Bebbelsdorf 83
D 58454 Witten
Real Estate of: Detlev Hasenkamp
Type of ownership: Tenant
Address Marienstr. 24
D 58455 Witten
Land register documents were not available.
BANKERS
Principal bank
SPARKASSE WITTEN, WITTEN
Sort. code: 45250035, BIC: WELADED1WTN
Further bank
GE CAPITAL BANK, MAINZ A RHEIN
Sort. code: 55030500, BIC: CPLADE55XXX
FINANCIAL FIGURES
Turnover: 2010 EUR 5,000,000.00
Profit: 2009 EUR 468,466.00
2010 EUR 316,036.00
further business figures:
Ac/ts receivable: EUR 276,402.00
Liabillities: EUR 776,971.00
Employees:
25
The
aforementioned business figures may partly be estimated information based on
average values in the line of business.
BALANCE SHEETS
Balance sheet ratios 01.01.2010 - 31.12.2010
Equity ratio [%]: 58.64
Liquidity ratio: 10.00
Return on total capital [%]: 6.50
Balance sheet grade: 1.5
Balance
sheet ratios 01.01.2009 - 31.12.2009
Equity ratio [%]: 26.95
Liquidity ratio: 1.38
Return on total capital [%]: 4.51
Balance sheet ratios 01.01.2008 - 31.12.2008
Equity ratio [%]: 50.10
Liquidity ratio: 1.71
Return on total capital [%]: 6.61
Balance sheet ratios 01.01.2007 - 31.12.2007
Equity ratio [%]: 47.95
Liquidity ratio: 1.21
Return on total capital [%]: 5.04
Equity ratio
The equity ratio
indicates the portion of the equity as compared
to the total capital. The higher the equity ratio, the better the economic stability (solvency) and thus the financial
autonomy of a company.
Liquidity ratio
The liquidity
ratio shows the proportion between adjusted receivables and net liabilities.
The higher the ratio, the lower the company's financial dependancy from
external creditors.
Return on total
capital
The return on
total capital shows the efficiency and return on the total capital employed in
the company. The higher the return on total capital, the more economically does
the company work with the invested capital.
Balance sheet
grade
The balance sheet
grade is based on the following ratios: equity ratio, liquidity ratio and
return on total capital from the balance sheets published in the Federal
Gazette. It is calculated in accordance with the methodology of Euler Hermes.
Type
of balance
sheet: Company balance sheet
Financial year: 01.01.2010 - 31.12.2010
ASSETS EUR 4,883,675.27
Fixed assets
EUR 955,285.71
Intangible assets
EUR 41,510.00
Other / unspecified intangible assetsEUR 41,510.00
Tangible assets
EUR 913,775.71
Other / unspecified tangible assets
EUR 913,775.71
Current assets
EUR 3,926,809.56
Stocks EUR 1,284,653.90
Accounts receivable
EUR 276,401.50
Other debtors and assets
EUR 276,401.50
Liquid means
EUR 2,365,754.16
Remaining other assets
EUR 1,580.00
Accruals (assets)
EUR 1,580.00
LIABILITIES EUR 4,883,675.27
Shareholders' equity
EUR 2,872,283.19
Capital
EUR 468,000.00
Subscribed capital (share capital)
EUR 468,000.00
Balance sheet profit/loss (+/-)
EUR 2,404,283.19
Profit / loss brought forward
EUR 2,088,246.74
Annual surplus / annual deficit
EUR 316,036.45
Provisions
EUR 821,214.70
Liabilities
EUR 776,971.35
Other liabilities EUR 776,971.35
Unspecified other liabilities
EUR 776,971.35
Other liabilities
EUR 413,206.03
Deferrals (liabilities)
EUR 413,206.03
Type
of balance
sheet: Company balance sheet
Financial year: 01.01.2009 - 31.12.2009
ASSETS EUR 10,402,070.03
Fixed assets
EUR 957,412.71
Intangible assets EUR 49,212.50
Other / unspecified intangible assetsEUR 49,212.50
Tangible assets
EUR 908,200.21
Other / unspecified tangible assets
EUR 908,200.21
Current assets EUR 9,439,529.84
Stocks
EUR 1,392,966.69
Accounts receivable
EUR 6,173,448.12
Other debtors and assets
EUR 6,173,448.12
Liquid means
EUR 1,873,115.03
Remaining other assets
EUR 5,127.48
Accruals (assets)
EUR 5,127.48
LIABILITIES EUR 10,402,070.03
Shareholders' equity
EUR 2,821,071.74
Capital
EUR 468,000.00
Subscribed capital (share capital)
EUR 468,000.00
Balance sheet profit/loss (+/-)
EUR 2,353,071.74
Profit / loss brought forward
EUR 1,884,605.61
Annual surplus / annual deficit
EUR 468,466.13
Provisions
EUR 1,224,722.55
Liabilities
EUR 6,356,275.74
Other liabilities
EUR 6,356,275.74
Unspecified other liabilities
EUR 6,356,275.74
MIRA
INFORM REPORT
|
Prepared for : |
Syndicate Bank - ND - IP Estate |
|
|
|
|
Your Ref. No.: |
Req. of Ms. Vanita |
|
Report No. : |
131685 |
|
Report Date : |
12.02.2011 |
INQUIRY DETAILS
|
Given Name : |
Itav Textiles Group |
|
|
|
|
Given Address : |
Handelsgesellschaft Mbh Bebbelsdorf 83 58454 Witten, Germany |
IDENTIFICATION DETAILS
|
Correct Name : |
ITAV
TEXTILE GROUP HANDELSGESELLSCHAFT MBH |
|
|
|
|
Formerly Known As : |
ITAV HANDELSGESELLSCHAFT
MBH |
|
|
|
|
Registered Office : |
Bebbelsdorf 83, D 58454
Witten |
|
|
|
|
Country : |
Germany |
|
|
|
|
Financials (as on) : |
31.12.2009 |
|
|
|
|
Date of Incorporation : |
07.03.1984 |
|
|
|
|
Legal Form : |
Private limited company |
|
|
|
|
Line of Business : |
Wholesale of clothing and
footwear |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Maximum Credit Limit : |
85.000 EUR |
|
|
|
|
Status : |
Satisfactory |
|
|
|
|
Payment Behaviour : |
Regular |
|
|
|
|
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 – June 30, 2010
|
Country Name |
Previous Rating (01.04.2010) |
Current Rating (30.06.2010) |
|
Germany |
A1 |
A1 |
|
Risk Category |
ECGC Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
|
Moderate |
B1 |
|
High |
B2 |
|
Very High |
C1 |
|
Restricted |
C2 |
|
Off-credit |
D |
Company name and address
ITAV textile group
Handelsgesellschaft mbH
Main address
Bebbelsdorf 83, D 58454
Telephone : 02302/910510
Telefax : 02302/9105122
Homepage : www.itav.de
E-mail : info@itav.de
VAT no. : DE126871605
Tax ID number : 348/5992/0137
CONCLUSION
Business relations are
permissible.
Synthesis
LEGAL FORM :
Private limited company
Date of foundation : 1984
Begin of business activities :
1984
Registered on :
07.03.1984
Commercial Register : Local court 44787 Bochum
Under :
HRB 8720
Share capital :
EUR 468.000,00
Shareholder
Gerhard Krupp
Gabriel-Max-Str. 60. D 81545 München
born: 05.02.1954
Share: EUR 311.220,00
Shareholder:
Detlev Hasenkamp
Bebbelsdorf 83, D 58454 Witten
born: 15.09.1965
Share: EUR 156.780,00
Manager
Detlev Hasenkamp
Bebbelsdorf 83, D 58454 Witten
having sole power of representation
born: 15.09.1965
Profession: Businessman
Marital status: married
Manager:
Gerhard Krupp
Gabriel-Max-Str. 60, D 81545 München
born: 05.02.1954
Profession: Businessman
Proxy
Werner Krebs
Rotteland 25a, D 44797 Bochum
authorized to jointly represent the company
born: 30.03.1957
Profession: Industrial manager
Further functions/participations of
Detlev Hasenkamp (Manager)
Limited partner
t & t accessories GmbH & Co. KG
Wullener Feld 61, D 58454 Witten
Legal form: Ltd partnership with priv. ltd.
company as general partner
Total cap. EUR 1.000,00
contribution:
Share: EUR 250,00
Registered on: 02.06.2001
Reg. data: 44787 Bochum,
HRA 6071
Shareholder
G & B Handelsgesellschaft mbH
Wullener Feld 61, D 58454 Witten
Legal form: Private limited company
Share capital: EUR 300.000,00
Share: EUR
24.000,00
Registered on:
24.10.2000
Reg. data: 44787 Bochum,
HRB 8236
Shareholder
Inter Mondial Tekstil Ticaret GmbH
Bebbelsdorf 83, D 58454 Witten
Legal form: Private limited company
Share capital: EUR 26.000,00
Share:
EUR 13.000,00
Registered on:
01.10.1993
Reg. data: 44787 Bochum,
HRB 8564
Shareholder
t & t accessories Beteiligungs GmbH
Wullener Feld 61, D 58454 Witten
Legal form: Private limited company
Share capital: EUR 25.000,00
Share:
EUR 6.250,00
Registered on: 05.03.2007
Reg. data: 44787 Bochum,
HRB 11136
Manager
Inter Mondial Tekstil Ticaret GmbH
Bebbelsdorf 83, D 58454 Witten
Legal form: Private limited company
Share capital: EUR 26.000,00
Registered on:
01.10.1993
Reg. data: 44787 Bochum,
HRB 8564
Manager:
Inter Mondial Plus GmbH
Bebbelsdorf 83, D 58454 Witten
Legal form: Private limited company
Share capital: EUR 25.000,00
Registered on:
06.12.2004
Reg. data: 44787 Bochum,
HRB 9667
Manager:
Jade-Europe GmbH
Maximilianstr. 38, D 80539 München
Legal form: Private limited company
Share capital: EUR 100.000,00
Registered
on: 11.11.2010
Reg. data: 80797 München,
HRB 188739
Further functions/participations of
Gerhard Krupp (Manager)
Limited partner
t & t accessories GmbH & Co. KG
Wullener Feld 61, D 58454 Witten
Legal form: Ltd partnership with priv. ltd.
company as general partner
Total cap. EUR 1.000,00
contribution:
Share: EUR 250,00
Registered
on: 02.06.2001
Reg. data: 44787 Bochum,
HRA 6071
Shareholder:
G & B Handelsgesellschaft mbH
Wullener Feld 61, D 58454 Witten
Legal form: Private limited company
Share capital: EUR 300.000,00
Share:
EUR 39.000,00
Registered
on: 24.10.2000
Reg. data: 44787 Bochum,
HRB 8236
Shareholder:
Munich Accessories GmbH
Maximilianstr. 38-40, D 80539 München
Legal form: Private limited company
Share capital: EUR 25.000,00
Share:
EUR 15.000,00
Registered on:
08.03.2007
Reg. data: 80797 München,
HRB 166767
Shareholder:
Inter Mondial Tekstil Ticaret GmbH
Bebbelsdorf 83, D 58454 Witten
Legal form: Private limited company
Share capital: EUR 26.000,00
Share:
EUR 13.000,00
Registered
on: 01.10.1993
Reg. data: 44787 Bochum,
HRB 8564
Shareholder:
t & t accessories Beteiligungs GmbH
Wullener Feld 61, D 58454 Witten
Legal form: Private limited company
Share capital: EUR 25.000,00
Share: EUR 6.250,00
Registered on:
05.03.2007
Reg. data: 44787 Bochum,
HRB 11136
Manager:
Inter Mondial Tekstil Ticaret GmbH
Bebbelsdorf 83, D 58454 Witten
Legal form: Private limited company
Share capital: EUR 26.000,00
Registered on:
01.10.1993
Reg. data: 44787 Bochum,
HRB 8564
Manager:
Inter Mondial Plus GmbH
Bebbelsdorf 83, D 58454 Witten
Legal form: Private limited company
Share capital: EUR 25.000,00
Registered on:
06.12.2004
Reg. data: 44787 Bochum,
HRB 9667
Manager:
Munich Accessories GmbH
Maximilianstr. 38-40, D 80539 München
Legal form: Private limited company
Share capital: EUR 25.000,00
Registered on:
08.03.2007
Reg. data: 80797 München,
HRB 166767
Manager:
Jade-Europe GmbH
Maximilianstr. 38, D 80539 München
Legal form: Private limited company
Share capital: EUR 100.000,00
Registered on:
11.11.2010
Reg. data: 80797 München,
HRB 188739
COMPANY HISTORY
1984 - 12.11.1993 ITAV Handelsgesellschaft mbH
Bebbelsdorf 83
D 58454 Witten
Private limited company
12.11.1993 - 2011 ITAV textile group Handelsgesellschaft mbH
Bebbelsdorf 83
D 58454 Witten
Private limited company
BUSINESS ACTIVITIES
Sectors
4642
Wholesale of clothing and footwear
47710
Retail sale of clothing
FINANCIAL INFORMATION
Payment experience: within agreed terms
Negative information:We have no negative
information at hand.
Maximum credit: 85.000 EUR
Balance sheet year: 2009
REAL ESTATE
Type of ownership: Tenant
Address Bebbelsdorf 83, D 58454 Witten
Private
real estate
Name: Detlev Hasenkamp
Type of ownership: Tenant
Address Marienstr. 24
D 58455 Witten
Private
real estate
Name: Gerhard Krupp
Type of ownership: Tenant
Address Im Pastoratsbusch 16, D 44797
Bochum
Land register documents were not available.
BANKERS
Principal
bank
SPARKASSE WITTEN, WITTEN
Sort. code: 45250035, BIC: WELADED1WTN
Further bank
GE CAPITAL BANK, MAINZ A RHEIN
Sort. code: 55030500, BIC: HRBKDE51XXX
FINANCIAL FIGURES
Turnover: 2010 EUR 5.000.000,00
Employees: 25
The aforementioned business figures may partly
be estimated information based on average values in the line of business.
BALANCE SHEETS
Balance
sheet ratios 2009
Equity ratio [%]: 26,95
Liquidity ratio: 1,38
Return on total capital [%]: 4,51
Balance sheet ratios 2008
Equity ratio [%]: 50,10
Liquidity ratio: 1,71
Return on total capital [%]: 6,61
Balance
sheet ratios 2007
Equity ratio [%]: 47,95
Liquidity ratio: 1,21
Return on total capital [%]: 5,04
Equity ratio
The equity ratio indicates
the portion of the equity as compared to the total capital. The higher the
equity ratio, the better the economic stability (solvency) and thus the
financial autonomy of a company.
Liquidity ratio
The liquidity ratio shows
the proportion between adjusted receivables and net liabilities. The higher the
ratio, the lower the company's financial
dependancy from external creditors.
Return on total capital
The return on total capital
shows the efficiency and return on the total capital employed in the company.
The higher the return on total capital, the more economically does the company
work with the invested capital.
Type of balance sheet: Company balance sheet
Financial year: 01.01.2009 - 31.12.2009
ASSETS EUR 10.402.070,03
Fixed assets EUR 957.412,71
Intangible assets EUR 49.212,50
Other / unspecified intangible
assetsEUR 49.212,50
Tangible assets EUR 908.200,21
Other / unspecified tangible assets EUR
908.200,21
Current assets EUR 9.439.529,84
Stocks EUR 1.392.966,69
Accounts receivable EUR 6.173.448,12
Other debtors and assets EUR 6.173.448,12
Liquid means EUR 1.873.115,03
Remaining other assets EUR 5.127,48
Accruals (assets) EUR 5.127,48
LIABILITIES
EUR 10.402.070,03
Shareholders' equity EUR 2.821.071,74
Capital EUR 468.000,00
Subscribed capital (share capital) EUR 468.000,00
Balance sheet profit/loss (+/-) EUR 2.353.071,74
Profit / loss brought forward EUR 1.884.605,61
Annual surplus / annual deficit EUR 468.466,13
Provisions EUR 1.224.722,55
Liabilities EUR 6.356.275,74
Other liabilities EUR 6.356.275,74
Unspecified other liabilities EUR 6.356.275,74
Type of balance
sheet: Company balance sheet
Financial
year: 01.01.2008 - 31.12.2008
ASSETS EUR 4.660.204,13
Fixed assets EUR 947.037,71
Intangible assets EUR 44.431,50
Tangible assets EUR 902.606,21
Current assets EUR 3.705.286,42
Stocks EUR 1.937.828,42
Accounts receivable EUR 1.386.328,88
Liquid means EUR 381.129,12
Remaining other assets EUR 7.880,00
Accruals (assets) EUR 7.880,00
LIABILITIES EUR 4.660.204,13
Shareholders' equity EUR 2.345.867,11
Capital EUR 468.000,00
Subscribed capital (share capital) EUR 468.000,00
Balance sheet profit/loss (+/-) EUR 1.877.867,11
Profit / loss brought forward EUR 1.571.116,57
Annual surplus / annual deficit EUR 306.750,54
Provisions EUR 1.122.798,23
Liabilities EUR 1.191.538,79
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.52.82 |
|
|
1 |
Rs.82.07 |
|
Euro |
1 |
Rs.68.93 |
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 |
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 |
|
---- |
NB |
New Business |
---- |
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.