MIRA INFORM REPORT
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Report Date : |
06.07.2011 |
IDENTIFICATION DETAILS
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Name : |
WACKER CHEMIE AG |
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Registered Office : |
Hanns-Seidel-Platz 4, D 81737 München |
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Country : |
Germany |
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Financials (as on) : |
31.12.2010 |
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Date of Incorporation : |
23.11.2005 |
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Com. Reg. No.: |
HRB 159705 |
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Legal Form : |
Public Limited Company |
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Line of Business : |
Manufacture of other organic basic chemicals |
RATING & COMMENTS
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MIRA’s Rating : |
Aa |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
|
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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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Maximum Credit Limit : |
250,000
EUR |
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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 – March 31st, 2011
|
Country Name |
Previous Rating (31.12.2010) |
Current Rating (31.03.2011) |
|
Germany |
a1 |
a1 |
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Risk Category |
ECGC
Classification |
|
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
Wacker Chemie AG
Main
address:
Hanns-Seidel-Platz 4
D 81737 München
Telephone: 089/6279-0
Telefax: 089/6279-1770
Homepage: www.wacker.com
E-mail: info@wacker.com
VAT no.
DE129275094
CONCLUSION
Business relations are permissible. The company is considered
solvent for credits within its scope of business.
Synthesis
LEGAL FORM Public limited company
Date of foundation: 16.12.1920
Registered on: 23.11.2005
Commercial Register: Local
court 80797 München
under: HRB 159705
Share capital:
EUR 260,763,000.00
The company is listed on the stock market.
Shareholder
Morgan Stanley International Incorporated
USA - New York
Legal form: Other legal form
Shareholder:
Dr. Alexander Wacker Familiengesellschaft
mit beschränkter Haftung
Hanns-Seidel-Platz 4
D 81737 München
Legal form: Private limited company
Share capital: EUR 5,306,500.00
Registered on: 10.12.1920
Reg. data: 80797 München, HRB 515
Member of the Board of Directors
Dr.rer.nat. Rudolf Staudigl
Hanns-Seidel-Platz 4
D 81737 München
authorized to jointly represent the company
born: 18.06.1954 in Neufahrn bei Freising
Profession: Fully qualified chemist
Marital status: unknown
Member of the
Board of Directors:
Dr. Joachim Rauhut
D 81737 München
authorized to jointly represent the company
born: 09.05.1954
Profession: Businessman
Member of the
Board of Directors:
Dr. Wilhelm Sittenthaler
Hanns-Seidel-Platz 4
D 81737 München
born: 22.07.1955
Profession: Businessman
Member of the
Board of Directors:
Auguste Willems
D 81737 München
born: 26.02.1959
Nationality: Belgian
President of the Supervisory Board
Dr. Peter-Alexander Wacker
Stuberstr. 20
D 80638 München
born: 10.02.1951
Profession: Fully qualified merchant
Vice-president of the Supervisory
Board
Anton Eisenacker
D 84567 Perach
Member of the Supervisory Board
Dr. Bernd W. Voss
D 61476 Kronberg
born: 13.07.1939
Marital status: married
Member of the
Supervisory Board:
Prof.Dr. Ernst-Ludwig Winnacker
Dall'Armistr. 41a
D 80638 München
born: 26.07.1941
Member of the
Supervisory Board:
Franz-Josef Kortüm
D 82131 Stockdorf
born: 18.08.1950
Member of the
Supervisory Board:
Dr. Thomas Strüngmann
Dillisweg 7
D 83684 Tegernsee
born: 16.02.1950
Profession: Fully qualified merchant
Member of the
Supervisory Board:
Peter Aldozo
D 84489 Burghausen
Profession: Technical employee
Member of the
Supervisory Board:
Dr. Werner Biebl
Liebigstr. 43
D 80538 München
born: 10.07.1931
Member of the
Supervisory Board:
Seppel Kraus
D 80336 München
Member of the
Supervisory Board:
Marko Fartelj
D 84375 Kirchdorf
Member of the
Supervisory Board:
Uwe Fritz
D 80331 München
Member of the
Supervisory Board:
Eduard-Harald Klein
D 84524 Neuötting
Member of the
Supervisory Board:
Manfred Köppl
D 84375 Kirchdorf
Member of the
Supervisory Board:
Dr. Konrad Bachhuber
RC Zhangjiagang
Member of the
Supervisory Board:
Matthias Biebl
D 81737 München
Profession: Solicitor
Member of the
Supervisory Board:
Dr. Susanne Weiss
D 81737 München
Profession: Solicitor
Proxy
Gerd Winnefeld
D 84489 Burghausen
authorized to jointly represent the company
born: 01.08.1948
Proxy:
Annemarie Schlagmann
Laurinweg 15
D 85521 Ottobrunn
authorized to jointly represent the company
born: 27.02.1965
Proxy:
Rainald Hagenhues
D 40210 Düsseldorf
authorized to jointly represent the company
born: 21.07.1963
Proxy:
Rainer Irle
Hammerstr. 3
D 57072 Siegen
authorized to jointly represent the company
born: 17.03.1970
Marital status: married
Proxy:
Alfred Weber
D 84359 Simbach
authorized to jointly represent the company
born: 08.12.1955
Proxy:
Hans-Jürgen Eberle
D 80333 München
authorized to jointly represent the company
born: 02.05.1950
Proxy:
Bernhard Kollmuß
D 84489 Burghausen
authorized to jointly represent the company
born: 07.10.1963
Proxy:
Jörg Hettmann
D 80997 München
authorized to jointly represent the company
born: 19.02.1960
Proxy:
Bernd Judas
Lindenstr. 16
D 84556 Kastl
authorized to jointly represent the company
born: 19.02.1961
Proxy:
Henri Ulitzsch
D 64372 Ober-Ramstadt
authorized to jointly represent the company
born: 28.05.1965
Proxy:
Dr. Peter Schneider
D 80331 München
authorized to jointly represent the company
born: 20.11.1970
Proxy:
Jean-Lionel Gros
D 81737 München
authorized to jointly represent the company
born: 26.02.1954
Proxy:
Torsten Bohn
D 81737 München
authorized to jointly represent the company
born: 13.08.1972
Proxy:
Jörg Peter Krey
D 84489 Burghausen
authorized to jointly represent the company
born: 17.04.1969
Proxy:
Dr. Michael Schuderer
D 81737 München
authorized to jointly represent the company
born: 14.05.1957
Proxy:
Sieglinde Feist
D 85630 Grasbrunn
authorized to jointly represent the company
born: 28.05.1963
Proxy:
Dr. Jochen Dauth
D 84489 Burghausen
authorized to jointly represent the company
born: 11.11.1962
Proxy:
Dr. Christian Hartel
D 84489 Burghausen
authorized to jointly represent the company
born: 27.03.1971
Proxy:
Dr. Jürgen Frisch
Schneitsteigweg 7
D 84556 Kastl
authorized to jointly represent the company
born: 28.03.1966
Proxy:
Dr. Tobias Brandis
Bezoldstr. 3
D 81545 München
authorized to jointly represent the company
born: 13.02.1971
Proxy:
Edeltraud Holl
D 84547 Emmerting
authorized to jointly represent the company
born: 18.07.1958
Further functions/participations of Dr.rer.nat.
Rudolf Staudigl
(Member of the Board of Directors)
President of the
Supervisory Board:
Siltronic AG
Hanns-Seidel-Platz 4
D 81737 München
Legal form: Public limited company
Share capital: EUR 100,000,000.00
Registered
on: 22.01.2004
Reg. data: 80797 München,
HRB 150884
Further functions/participations of
Dr. Joachim Rauhut
(Member of the
Board of Directors)
Manager:
Wacker-Chemie Dritte Venture Gesellschaft
mit beschränkter Haftung
Hanns-Seidel-Platz 4
D 81737 München
Legal form: Private limited company
Share capital: EUR 50,000.00
Registered
on: 20.05.1999
Reg. data: 80797 München,
HRB 125702
Manager:
Wacker-Chemie Achte Venture Gesellschaft mit
beschränkter
Hanns-Seidel-Platz 4
D 81737 München
Legal form: Private limited company
Share capital: EUR 25,000.00
Registered
on: 08.02.2005
Reg. data: 80797 München,
HRB 155956
Member of the
Supervisory Board:
MTU Aero Engines GmbH
Dachauer Str. 665
D 80995 München
Post Box:
50 06 40
Legal form: Private limited company
Share capital: EUR 80,000,200.00
Registered
on: 13.10.2004
Reg. data: 80797 München,
HRB 154230
Member of the
Supervisory Board:
MTU Aero Engines Holding AG
Dachauer Str. 665
D 80995 München
Legal form: Public limited company
Share capital: EUR 52,000,000.00
Registered
on: 19.05.2005
Reg. data: 80797 München,
HRB 157206
BUSINESS ACTIVITIES
Sectors
2014 Manufacture of other
organic basic chemicals
BRANCHES AND FACTORIES
Branch:
Wacker
Chemie AG
Salinenstr. 49
D
72401 Haigerloch
TEL.:
07474/694-0
FAX.:
07474/694-160
Branch:
Wacker
Chemie AG
Johannes-Hess-Str. 24
D
84489 Burghausen
TEL.:
08677/830
FAX.:
08677/833100
Branch:
Wacker
Chemie AG
Friedrich-von-Heyden-Platz
1
D
01612 Nünchritz
TEL.:
035265/72202
FAX.:
035265/72291
Branch:
Wacker
Chemie AG
D
87437 Kempten
Branch:
Wacker Chemie AG
Sophienstr. 41
D
70178 Stuttgart
TEL.:
0711/619420
Branch:
Wacker
Chemie AG
Rochusstr. 47
D 40479
Düsseldorf
TEL.:
0211/169930
PARTICIPATIONS
Limited partner:
Wacker
Polymer Systems GmbH & Co. KG
Johannes-Hess-Str. 24
D
84489 Burghausen
Legal
form: Ltd partnership with priv. ltd.
company as general partner
Company Status: dissolved since:
08.07.2009
Total
cap. EUR 5,112,918.81
contribution:
Share: EUR 4,090,335.05
Reg.
data: 18.09.1998
Local court 83278 Traunstein
HRA 6690
Limited partner:
Wacker Polysilicon GmbH
& Co. KG
Friedrich-von-Heyden-Platz 1
D
01612 Nünchritz
Legal
form: Ltd partnership with priv. ltd.
company as general partner
Company Status: dissolved since:
01.12.2010
Total
cap. EUR 1,000,000.00
contribution:
Share: EUR 1,000,000.00
Reg. data: 15.04.2009
Local court 01099 Dresden
HRA 7379
Limited partner:
EPS
Ethylen-Pipeline-Süd GmbH & Co. KG
Prinzregentenstr. 18
D
80538 München
Legal
form: Ltd partnership with priv. ltd.
company as general partner
Company Status: active
Total
cap. EUR 700,000.00
contribution:
Share: EUR 76,800.00
Reg.
data: 02.01.2007
Local court 80797 München
HRA 89363
Shareholder:
Alzwerke GmbH
Hanns-Seidel-Platz 4
D
81737 München
Legal
form: Private limited company
Company Status: active
Share
capital: EUR 7,160,000.00
Share: EUR 7,160,000.00
Reg.
data: 21.12.1972
Local court 80797 München
HRB 715
Shareholder:
DRAWIN
Vertriebs-GmbH
Rudolf-Diesel-Str. 15
D
85521 Riemerling
Legal
form: Private limited company
Company
Status: active
Share
capital: EUR 155,000.00
Share: EUR 155,000.00
Reg.
data: 13.07.1987
Local court 80797 München
HRB 81966
Shareholder:
Wacker
Biotech GmbH
Hans-Knöll-Str. 3
D
07745 Jena
Legal
form: Private limited company
Company Status: active
Share
capital: EUR 50,000.00
Share: EUR 50,000.00
Reg.
data: 01.10.1999
Local court 07745 Jena
HRB 207917
Shareholder:
Wacker
Chemie Versicherungsvermittlung GmbH
Hanns-Seidel-Platz 4
D
81737 München
Legal
form: Private limited company
Company Status: active
Share
capital: EUR 26,000.00
Share: EUR 26,000.00
Reg.
data: 08.08.1990
Local court 80797 München
HRB 91957
Shareholder:
Wacker
Polymer Systems Geschäftsführungs
GmbH
Johannes-Hess-Str. 24
D
84489 Burghausen
Legal
form: Private limited company
Company Status: dissolved since:
20.10.2009
Share
capital: EUR 26,000.00
Share: EUR 26,000.00
Reg.
data: 10.09.1998
Local court 83278 Traunstein
HRB 11526
Shareholder:
Wacker-Chemie Sechste Venture GmbH
Hanns-Seidel-Platz 4
D
81737 München
Legal
form: Private limited company
Company Status: active
Share
capital: EUR 25,000.00
Share: EUR 25,000.00
Reg.
data: 02.09.2002
Local court 80797 München
HRB 144209
Shareholder:
Wacker
Polysilicon Geschäftsführungs-GmbH
Friedrich-von-Heyden-Platz 1
D
01612 Nünchritz
Legal
form: Private limited company
Company Status: active
Share
capital: EUR 25,000.00
Share: EUR 25,000.00
Reg.
data: 09.04.2009
Local court 01099 Dresden
HRB 27559
Shareholder:
Wacker-Chemie Zweite Venture Gesellschaft
mit
beschränkter Haftung
Hanns-Seidel-Platz 4
D
81737 München
Legal
form: Private limited company
Company Status: active
Share
capital: EUR 25,000.00
Share: EUR 25,000.00
Reg.
data: 20.05.1999
Local court 80797 München
HRB 125703
Shareholder:
Wacker-Chemie Achte Venture Gesellschaft mit
beschränkter
Hanns-Seidel-Platz 4
D 81737
München
Legal
form: Private limited company
Company Status: active
Share
capital: EUR 25,000.00
Share: EUR 25,000.00
Reg. data: 08.02.2005
Local court 80797 München
HRB 155956
Shareholder:
W.E.L.T. Reisebüro GmbH
Hanns-Seidel-Platz 4
D 81737 München
Legal
form: Private limited company
Company Status: active
Share
capital: EUR 30,000.00
Share: EUR 15,300.00
Reg.
data: 22.07.1988
Local court 80797 München
HRB 85048
Shareholder:
ZTS -
Zentrum für
Technologiestrukturentwicklung
Region
Riesa-Großenhain GmbH
Industriestr. A 11
D
01612 Glaubitz
Legal
form: Private limited company
Company Status: active
Share
capital: EUR 51,129.19
Share: EUR 5,112.92
Reg.
data: 17.09.1996
Local court 01099 Dresden
HRB 13559
Shareholder:
EPS
Ethylen-Pipeline-Süd Geschäftsführungs
GmbH
Prinzregentenstr. 18
D
80538 München
Legal
form: Private limited company
Company Status: active
Share
capital: EUR 25,000.00
Share: EUR 2,050.00
Reg.
data: 15.12.2006
Local court 80797
München
HRB 165405
Shareholder:
Siltronic AG
Hanns-Seidel-Platz 4
D
81737 München
Legal form:
Public limited company
Company Status: active
Share
capital: EUR 100,000,000.00
Share:
100.000 %
Reg.
data: 22.01.2004
Local court 80797 München
HRB 150884
FINANCIAL INFORMATION
Payment
experience: within agreed terms
Negative
information: We have no negative
information at hand.
Maximum
credit: > 250,000 EUR
Balance
sheet year: 2010
REAL ESTATE
Type of ownership: proprietor
Share: 100.00 %
Address Hanns-Seidel-Platz 4
D 81737 München
Real Estate of: Dr.rer.nat. Rudolf Staudigl
Type of ownership: Tenant
Address Hanns-Seidel-Platz 4
D
81737 München
Land register documents
were not available.
BANKERS
UNICREDIT BANK - HYPOVEREINSBANK, MÜNCHEN
Sort. code: 70020270, BIC: HYVEDEMMXXX
BUNDESBANK, MÜNCHEN
Sort. code: 70000000, BIC: MARKDEF1700
POSTBANK (GIRO), MÜNCHEN
Sort. code: 70010080, BIC: PBNKDEFF700
FINANCIAL FIGURES
Turnover: 2009 EUR 2,722,400,000.00
2010 EUR
3,416,900,000.00
Profit: 2009 EUR 45,800,000.00
2010 EUR 301,500,000.00
further business figures:
Employees:
8,886
BALANCE SHEETS
Balance sheet ratios 01.01.2010 - 31.12.2010
Equity ratio [%]: 39.80
Liquidity ratio: 0.64
Return on total capital [%]: 6.64
Balance sheet grade: 2.3
Balance sheet ratios 01.01.2009 - 31.12.2009
Equity ratio [%]: 42.31
Liquidity ratio: 0.64
Return on total capital [%]: 1.26
Balance sheet ratios 01.01.2008 - 31.12.2008
Equity ratio [%]: 43.45
Liquidity ratio: 0.64
Return on total capital [%]: -6.86
Balance sheet ratios 01.01.2007 - 31.12.2007
Equity ratio [%]: 55.78
Liquidity ratio: 1.40
Return on total capital [%]: 21.66
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: 01.01.2010 - 31.12.2010
ASSETS EUR 4,545,900,000.00
Fixed assets
EUR 2,528,800,000.00
Intangible assets
EUR 6,200,000.00
Tangible assets EUR
1,814,400,000.00
Financial assets
EUR 708,200,000.00
Current assets
EUR 1,980,700,000.00
Stocks
EUR 304,600,000.00
Accounts receivable EUR 947,800,000.00
Trade debtors
EUR 319,200,000.00
Other debtors and assets
EUR 628,600,000.00
Investments in current assets
EUR 316,700,000.00
Liquid means
EUR 411,600,000.00
Remaining other assets
EUR 36,400,000.00
Accruals (assets)
EUR 36,400,000.00
LIABILITIES EUR 4,545,900,000.00
Shareholders' equity
EUR 1,811,200,000.00
Capital
EUR 248,400,000.00
Reserves
EUR 787,600,000.00
Capital reserves
EUR 157,400,000.00
Retained earnings / revenue reserves EUR 630,200,000.00
Balance sheet profit/loss (+/-)
EUR 775,200,000.00
Balance sheet profit / loss
EUR 775,200,000.00
Provisions
EUR 834,600,000.00
Pension provisions and comparable
provisions
EUR 445,200,000.00
Other / unspecified provisions
EUR 389,400,000.00
Liabilities
EUR 1,900,100,000.00
Financial debts
EUR 615,800,000.00
Other liabilities
EUR 1,284,300,000.00
Trade creditors (for IAS incl. bills
of exchange)
EUR 207,600,000.00
Unspecified
other liabilities EUR 1,076,700,000.00
Guarantees and other commitments
EUR 286,000,000.00
Guarantees / warranties
EUR 286,000,000.00
Guarantees
EUR 286,000,000.00
Profit and loss account (cost-summary method)
according to Comm.
Code
(HGB)
Sales
EUR 3,416,900,000.00
Inventory change + own costs (+/-)
EUR 54,800,000.00
Inventory change (+/-) EUR
14,100,000.00
Capitalised own costs
EUR 40,700,000.00
Other operating income
EUR 104,700,000.00
Cost of materials
EUR 1,216,700,000.00
Gross result (+/-) EUR 2,359,700,000.00
Staff expenses
EUR 706,900,000.00
Total depreciation
EUR 307,400,000.00
Other operating expenses
EUR 595,800,000.00
Operating
result from continuing
operations
EUR 749,600,000.00
Result from participating interests
(+/-)
EUR -134,300,000.00
Interest result (+/-)
EUR -38,700,000.00
Other financial result
EUR -1,700,000.00
Financial result (+/-)
EUR -174,700,000.00
Result from ordinary operations (+/-)
EUR 574,900,000.00
Extraordinary result (+/-)
EUR -94,700,000.00
Income tax / refund of income tax (+/-)EUR -178,700,000.00
Tax
(+/-)
EUR -178,700,000.00
Annual surplus / annual deficit
EUR 301,500,000.00
Type
of balance
sheet: Company balance sheet
Financial year: 01.01.2009 - 31.12.2009
ASSETS EUR 3,700,700,000.00
Fixed assets
EUR 2,417,900,000.00
Intangible assets
EUR 16,200,000.00
Other / unspecified intangible assetsEUR 16,200,000.00
Tangible assets
EUR 1,679,500,000.00
Other / unspecified tangible assets
EUR 1,679,500,000.00
Financial assets EUR 722,200,000.00
Other / unspecified financial assets EUR 722,200,000.00
Current assets
EUR 1,244,900,000.00
Stocks
EUR 272,400,000.00
Accounts
receivable EUR 858,900,000.00
Trade debtors
EUR 271,100,000.00
Other debtors and assets
EUR 587,800,000.00
Investments in current assets
EUR 73,600,000.00
Liquid means
EUR 40,000,000.00
Remaining other assets
EUR 37,900,000.00
Accruals (assets)
EUR 37,900,000.00
LIABILITIES EUR 3,700,700,000.00
Shareholders' equity
EUR 1,596,600,000.00
Capital
EUR 260,800,000.00
Subscribed capital (share capital)
EUR 260,800,000.00
Reserves EUR 802,500,000.00
thereof for own shares
EUR 45,100,000.00
Capital reserves
EUR 157,400,000.00
Retained earnings / revenue reserves EUR 600,000,000.00
Other / unspecified reserves
EUR 45,100,000.00
Balance sheet profit/loss (+/-)
EUR 533,300,000.00
Balance sheet profit / loss
EUR 533,300,000.00
Provisions
EUR 730,900,000.00
Pension provisions and comparable
provisions
EUR 318,800,000.00
Other / unspecified provisions
EUR 412,100,000.00
Liabilities
EUR 1,372,600,000.00
Financial debts EUR 348,300,000.00
Other liabilities
EUR 1,024,300,000.00
Trade creditors (for IAS incl. bills
of exchange)
EUR 124,600,000.00
Unspecified other liabilities
EUR 899,700,000.00
Other liabilities
EUR 600,000.00
Deferrals (liabilities)
EUR 600,000.00
Guarantees and other commitments
EUR 261,200,000.00
Guarantees / warranties EUR 261,200,000.00
Guarantees
EUR 261,200,000.00
Profit and loss account (cost-summary method)
according to Comm.
Code
(HGB)
Sales
EUR 2,722,400,000.00
Inventory
change + own costs (+/-) EUR 52,200,000.00
Inventory change (+/-)
EUR 5,500,000.00
Capitalised own costs
EUR 46,700,000.00
Other operating income
EUR 97,900,000.00
Cost of materials
EUR 927,500,000.00
Gross result (+/-)
EUR 1,945,000,000.00
Staff expenses
EUR 678,900,000.00
Total depreciation
EUR 267,800,000.00
Other operating expenses
EUR 588,400,000.00
Operating result from continuing
operations
EUR 409,900,000.00
Result from participating interests
(+/-) EUR -203,600,000.00
Interest result (+/-)
EUR 300,000.00
Other financial result
EUR -800,000.00
Financial result (+/-)
EUR -204,100,000.00
Result from ordinary operations (+/-)
EUR 205,800,000.00
Extraordinary result (+/-)
EUR -64,400,000.00
Income tax / refund of income tax (+/-)EUR -95,600,000.00
Tax
(+/-)
EUR -95,600,000.00
Annual surplus / annual deficit EUR 45,800,000.00
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.44.50 |
|
UK Pound |
1 |
Rs.71.25 |
|
Euro |
1 |
Rs.64.40 |
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.