MIRA INFORM REPORT

 

 

Report Date :           

26.07.2011

 

IDENTIFICATION DETAILS

 

Name :

IDUNA AB

 

 

Registered Office :

43284 Varberg

 

 

Country :

Sweden

 

 

Financials (as on) :

2009

 

 

Date of Incorporation :

18.02.1955

 

 

Com. Reg. No.:

5560609058

 

 

Legal Form :

Limited Liability Company

 

 

Line of Business :

Retail sale of jewellery in specialised stores

 

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

 

Status :

Good

 

 

Payment Behaviour :

No Complaints

 

 

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)

Sweden

a1

a1

 

Risk Category

ECGC Classification

Insignificant

 

A1

Low

 

A2

Moderate

 

B1

High

 

B2

Very High

 

C1

Restricted

 

C2

Off-credit

 

D

 


REGISTERED NAME & COMPANY SUMMARY

 

Company Summary

Business Name

Iduna AB

Country

SWEDEN

Company Registration Number

5560609058

Main Activity

Retail sale of jewellery in specialised stores

Activity Code

47772

Company Status

Active

Latest Turnover Figure

1.018.485.000 SEK

Latest Shareholder Equity Figure

56.007.000 SEK

 

Company Information

Basic Information

Business Name

Iduna AB

Registered Company Name

Iduna AB

Company Registration Number

5560609058

Country

SWEDEN

VAT Registration Number

SE556060905801

Date of Company Registration

18/02/1955

Legal Form

Limited liability company

Company Status

Active

Currency of this Report

SEK

Principal Activity Description

Bolaget skall driva handelsrörelse i parti och minut ävensom postorderrörelse inom branschen för guld, silver, ädla stenar och klockor, presentartiklar och bijouterier samt äga och förvalta

hyresrätter, fast egendom av alla slag samt köpa,

 

(The Company shall carry on trade, movement in the wholesale and retail mail order business AS WELL AS in the industry for gold, silver, precious stones and watches, gifts and jewelery as well asowning and managing rental properties, real estate of all kinds, andbuy,)

Contact Address

43284 VARBERG

Contact Telephone Number

0340-595400

 

DIRECTORS/MANAGEMENT

 

Current Directors

Name

Appointment Date

Position

 

Sverker Albrektson

10/10/1994

Actual Member of Board

 

Bengt Oskar Lennart Warborn

14/08/2006

Foreign Resident in the EEA

 

Warborn, Sten Tage Birger

 

Actual Member of Board

 

 

 

Previous Directors

Name

Appointment Date

Position

Resignation Date

Rolf Göran Richard Nilsson

13/03/1995

Actual Member of Board

15/01/2010

Bengt Oskar Lennart Warborn

10/10/1994

External Signatory

15/01/2010

 

 

NEGATIVE INFORMATION

Negative Information

Debt balance at the Swedish Enforcement Agency

Number of Private Claims

-

Balance of Private Claims

-

Number of Public Claims

-

Balance of Public Claims

-

Total Balance

-

 

Record of non-payment

Number of distraint attempts and repossessions

-

Number of public claims

-

Number of private claims

-

Number of applications for an order to pay

-

Number of reclaimed/revoked applications

11

 

 

SHARE & SHARE CAPITAL INFORMATION

 

Share Capital Structure

Issued Share Capital

700.000 SEK

 

 

PAYMENT INFORMATION

 

Na

 

 


GROUP STRUCTURE & AFFILIATED COMPANIES

 

Group Structure

Ultimate Holding Parent

 

Ultimate Holding Company Name

Gemstar ApS

 

Ultimate Holding Company Country

DENMARK

 

 

Immediate Holding Parent

No information for this company.

 

Subsidary Companies

Subsidiary Name

Country

Number

No subsidaries for this company.

 

 

 

Affiliates

Affiliate Name

Country

Number

No affiliates for this company.

 

 

 

 

FINANCIAL INFORMATION

 

Financial Information

Profit and Loss

Financial Year

2009

2008

2007

Number of Weeks

52

52

52

Currency

SEK

SEK

SEK

Consolidated Accounts

N

N

N

Revenue

1.018.485.000

1.022.775.000

1.029.836.000

Operating Costs

931.021.000

940.852.000

933.494.000

Operating Profit

87.464.000

81.923.000

96.342.000

Wages & Salaries

-

-

-

Depreciation

-

-

-

Financial Income

87.000

13.000

27.000

Financial Expenses

-6.378.000

-17.236.000

-11.708.000

Extraordinary Income

-

-

-

Extraordinary Costs

-6.378.000

-17.236.000

-11.708.000

Profit before Tax

81.173.000

64.700.000

84.661.000

Tax

-22.585.000

-26.154.000

-15.896.000

Profit after Tax

81.173.000

64.700.000

84.661.000

Minority Interests

-

-

-

Other Appropriations

5.453.000

19.335.000

-24.438.000

Retained Profit

64.041.000

57.881.000

44.327.000

 

Balance Sheet

Financial Year

2009

2008

2007

Number of Weeks

52

52

52

Currency

SEK

SEK

SEK

Consolidated Accounts

N

N

N

Land & Buildings

30.652.000

32.099.000

33.546.000

Plant & Machinery

0

0

0

Other Tangible Assets

79.386.000

85.133.000

87.136.000

Total Tangible Assets

110.038.000

117.232.000

120.682.000

Goodwill

91.998.000

91.998.000

67.001.000

Other Intangible Assets

57.825.000

52.522.000

47.715.000

Total Intangible Assets

149.823.000

144.520.000

114.716.000

Loans To Group

0

0

0

Other Loans

0

0

0

Miscellaneous Fixed Assets

19.000.000

19.000.000

19.000.000

Total Other Fixed Assets

19.000.000

19.000.000

19.000.000

TOTAL FIXED ASSETS

278.861.000

280.752.000

254.398.000

Work In Progress

0

0

0

Other Inventories

332.105.000

344.273.000

323.390.000

Total Inventories

332.105.000

344.273.000

323.390.000

Trade Receivables

13.758.000

11.985.000

15.199.000

Group Receivables

0

0

0

Miscellaneous Receivables

32.053.000

32.543.000

43.219.000

Total Receivables

45.811.000

44.528.000

58.418.000

Cash

38.954.000

40.872.000

42.607.000

Other Current Assets

0

0

0

TOTAL CURRENT ASSETS

416.870.000

429.673.000

424.415.000

TOTAL ASSETS

695.731.000

710.425.000

678.813.000

Trade Payables

100.857.000

85.329.000

97.189.000

Bank Liabilities

1.500.000

6.500.000

33.667.000

Group Payables

105.463.000

128.517.000

94.739.000

Miscellaneous Liabilities

140.984.000

126.271.000

144.626.000

TOTAL CURRENT LIABILITIES

348.804.000

346.617.000

370.221.000

Bank Liabilities Due After 1 Year

155.723.000

167.515.000

133.811.000

Other Loans Or Finance Due After 1 Year

0

0

0

Group Payables After 1 Year

0

0

0

Miscellaneous Liabilities Due After 1 Year

135.197.000

139.550.000

158.603.000

TOTAL LONG TERM LIABILITIES

290.920.000

307.065.000

292.414.000

TOTAL LIABILITIES

639.724.000

653.682.000

662.635.000

Called Up Share Capital

700.000

700.000

700.000

Share Premium

0

0

0

Revenue Reserves

117.077.000

100.351.000

63.655.000

Other Reserves

-61.770.000

-55.141.000

-48.177.000

TOTAL SHAREHOLDERS EQUITY

56.007.000

56.743.000

16.178.000

 

Other Financials

Contingent Liabilities

0

156.000

120.000

Working Capital

68.066.000

83.056.000

54.194.000

Net Worth

-93.816.000

-87.777.000

-98.538.000

 

Ratios

Pre-Tax Profit Margin

7.97 %

6.33 %

8.22 %

Return On Capital Employed

7.77 %

6.12 %

8.07 %

Return On Total Assets Employed

11.67 %

9.11 %

12.47 %

Return On Net Assets Employed

144.93 %

114.02 %

523.31 %

Sales/Net Working Capital

14.96

12.31

19.00

Stock Turnover Ratio

32.61 %

33.66 %

31.40 %

Debtor Days

4.93

4.28

5.39

Creditor Days

36.14

30.45

34.45

Current Ratio

1.20

1.24

1.15

Liquidity Ratio/Acid Test

0.24

0.25

0.27

Current Debt Ratio

6.23

6.11

22.88

Gearing

280.72 %

306.67 %

1035.22 %

Equity In Percentage

10.63 %

10.38 %

2.97 %

Total Debt Ratio

11.42

11.52

 

 

 

FOREIGN EXCHANGE RATES

 

Na

 

 

ADDITIONAL INFORMATION

 

Activities

Activity Code

Activity Description

47772

Retail sale of jewellery in specialised stores

 

Contact Information

Main Address

Address

Country

Telephone

, 43284 VARBERG

SWEDEN

0340-595400

 

 

Other Address

Address

Country

Kronetorpsvägen 2, ARLÖV 23237

SWEDEN

Per Albin Hanssons Väg 40, MALMÖ 21432

SWEDEN

Södra Förstadsgatan 40 A, MALMÖ 21143

SWEDEN

Trångsundsvägen 20, KALMAR 39356

SWEDEN

Östra Förstadsgatan 56, MALMÖ 21212

SWEDEN

Timmermansgatan 59, NORRKÖPING 60359

SWEDEN

Östra Torggatan 8, RONNEBY 37230

SWEDEN

Gesällvägen 1, SUNDSVALL 85753

SWEDEN

Frölunda Torg, VÄSTRA FRÖLUNDA 42142

SWEDEN

Varuvägen 10, ÖREBRO 70236

SWEDEN

Kungsgatan 44, GÖTEBORG 41115

SWEDEN

Kompanigatan 3, JÖNKÖPING 55305

SWEDEN

Backavägen 3, GÖTEBORG 41705

SWEDEN

Kupolen, BORLÄNGE 78170

SWEDEN

Bollvägen 1, DALSJÖFORS 51634

SWEDEN

Gunborg Nymans Väg 2, ESKILSTUNA 63222

SWEDEN

Farstaplan 25, FARSTA 12347

SWEDEN

Postgatan 26-32, GÖTEBORG 41106

SWEDEN

Eurostop, HALMSTAD 30263

SWEDEN

Norra Långgatan 16, KALMAR 39232

SWEDEN

Drottninggatan 21, KARLSTAD 65225

SWEDEN

Skaraborgsvägen 62, BORÅS 50630

SWEDEN

Marknadsvägen 7, LÖDDEKÖPINGE 24642

SWEDEN

Jerikodalsgatan 1-2, MJÖLBY 59530

SWEDEN

Forumvägen 12, NACKA 13153

SWEDEN

Repslagaregatan 12, NORRKÖPING 60232

SWEDEN

Södergatan 21, MALMÖ 21134

SWEDEN

Drottninggatan 63, STOCKHOLM 11121

SWEDEN

Storholmsgatan 6, SKÄRHOLMEN 12748

SWEDEN

Köpmannagatan 3, SKÖVDE 54145

SWEDEN

Postgången 43, SOLNA 17145

SWEDEN

Ladugårdsvägen 13, TROLLHÄTTAN 46170

SWEDEN

Glimmervägen 10, SOLLENTUNA 19162

SWEDEN

Nordby Köpcentrum, STRÖMSTAD 45270

SWEDEN

Torp 41, UDDEVALLA 45176

SWEDEN

Strömpilsplatsen 9-15, UMEÅ 90743

SWEDEN

Kungsängsgatan 10-12, UPPSALA 75322

SWEDEN

Väla Centrum, ÖDÅKRA-VÄLA 26036

SWEDEN

Pajalagatan 29, VÄLLINGBY 16265

SWEDEN

Gallerian 104, VÄSTERÅS 72213

SWEDEN

Storgatan 8, VÄXJÖ 35231

SWEDEN

Storgatan 283, TÄBY 18334

SWEDEN

Algatan 16, TRELLEBORG 23142

SWEDEN

Bergsmansgatan 9, KARLSKOGA 69131

SWEDEN

Drottninggatan 18, KARLSTAD 65225

SWEDEN

Drottninggatan 29, ÖREBRO 70222

SWEDEN

Drottninggatan 56, STOCKHOLM 11121

SWEDEN

Drottninggatan 57, KARLSHAMN 37436

SWEDEN

Döbelnsgatan 8, KRISTIANSTAD 29131

SWEDEN

Ekenleden 6, KÅLLERED 42836

SWEDEN

Eskilsgatan 6, LJUNGBY 34130

SWEDEN

Forelltorget 6, HUDDINGE 14147

SWEDEN

Forumgallerian, UPPSALA 75320

SWEDEN

Forumvägen 12, NACKA 13153

SWEDEN

Frölunda Torg, VÄSTRA FRÖLUNDA 42142

SWEDEN

Gunborg Nymans Väg 2, ESKILSTUNA 63222

SWEDEN

Gymnasiegatan 4, KUNGÄLV 44234

SWEDEN

Hageby Centrum, NORRKÖPING 60359

SWEDEN

Hallunda Torg, NORSBORG 14568

SWEDEN

Hamngatan 42 GALLERIAN, PITEÅ 94132

SWEDEN

Helga Görlins Gata 1 CHARLOTTENBERGS SHOPPINGCENTER, CHARLOTTENBERG 67332

SWEDEN

Hertig Johans Torg 4, SKÖVDE 54130

SWEDEN

Hällagatan 14, VÄSTERÅS 72134

SWEDEN

Jägersrovägen 151, MALMÖ 21375

SWEDEN

Kronetorpsvägen 2, ARLÖV 23237

SWEDEN

Kungsgatan 22, ESKILSTUNA 63220

SWEDEN

Kungsgatan 30, TROLLHÄTTAN 46130

SWEDEN

Kungsgatan 9, MOTALA 59130

SWEDEN

Kungsmässan, KUNGSBACKA 43438

SWEDEN

Kungspassagen, UMEÅ 90326

SWEDEN

Kupolen 94, BORLÄNGE 78170

SWEDEN

Köpmangatan 15, KATRINEHOLM 64130

SWEDEN

Köpmansgatan 13, HALMSTAD 30242

SWEDEN

Liljeholmstorget 3, STOCKHOLM 11763

SWEDEN

Lilla Fiskaregatan 4, LUND 22222

SWEDEN

Långgatan 22, BOLLNÄS 82143

SWEDEN

Marknadsgatan 1 GRÄNBY CENTRUM, UPPSALA 75431

SWEDEN

Markustorget 1, AVESTA 77430

SWEDEN

Mörby Centrum, DANDERYD 18231

SWEDEN

Nils Henrikssons Väg 3, PARTILLE 43335

SWEDEN

Norra Drottninggatan 8, UDDEVALLA 45131

SWEDEN

Nya Torget 4, MARIESTAD 54230

SWEDEN

Nygatan 21, GÄVLE 80320

SWEDEN

Nygatan 47, SKELLEFTEÅ 93131

SWEDEN

Postgatan 45, GÖTEBORG 41106

SWEDEN

Prästgatan 31, ÖSTERSUND 83131

SWEDEN

Ronnebygatan 53, KARLSKRONA 37134

SWEDEN

Rådhustorget 5, LANDSKRONA 26131

SWEDEN

Sergelgatan 11-15, STOCKHOLM 11157

SWEDEN

Smedjegatan 22, JÖNKÖPING 55320

SWEDEN

Sollentunavägen 163-165, SOLLENTUNA 19147

SWEDEN

Stora Brogatan 16, BORÅS 50330

SWEDEN

Stora Östergatan 4, YSTAD 27134

SWEDEN

Storgatan 11, ÖRNSKÖLDSVIK 89133

SWEDEN

Storgatan 14, VÄXJÖ 35231

SWEDEN

Storgatan 22B, VÄRNAMO 33130

SWEDEN

Storgatan 24, HUDIKSVALL 82430

SWEDEN

Storgatan 28, LUDVIKA 77130

SWEDEN

Storgatan 30, SUNDSVALL 85230

SWEDEN

Storgatan 34, LYCKSELE 92131

SWEDEN

Storgatan 46, LULEÅ 97231

SWEDEN

Storholmsgatan 16, SKÄRHOLMEN 12748

SWEDEN

Sturegatan 29, SUNDBYBERG 17231

SWEDEN

Svedengatan 7 IKEA-HUSET, LINKÖPING 58273

SWEDEN

Södergatan 19, MALMÖ 21134

SWEDEN

Södergatan 19, HELSINGBORG 25225

SWEDEN

Torggatan 24, ENKÖPING 74531

SWEDEN

Torggatan 6, ARVIKA 67131

SWEDEN

Trädgårdsgatan 5, STRÄNGNÄS 64531

SWEDEN

Valbo Köpcentrum, VALBO 81832

SWEDEN

Västra Köpmansgatan 28, STENUNGSUND 44430

SWEDEN

Västra Storgatan 22, NYKÖPING 61132

SWEDEN

Västra Vallgatan 43, VARBERG 43241

SWEDEN

Östergatan 2, HÄSSLEHOLM 28131

SWEDEN

Österväg 7, VISBY 62145

SWEDEN

Hamngatan 37 GALLERIAN, STOCKHOLM 11153

SWEDEN

Bredgatan 11, VÄSTERVIK 59330

SWEDEN

Jakobsbergs Centrum, JÄRFÄLLA 17730

SWEDEN

Kungsportsavenyen 26-28, GÖTEBORG 41136

SWEDEN

Kyrkogatan 19, MORA 79230

SWEDEN

Nordby Köpcentrum Västra, STRÖMSTAD 45270

SWEDEN

Stora Gatan 7-21, VÄSTERÅS 72212

SWEDEN

Stores Gränd 23, HANDEN 13646

SWEDEN

Varuvägen 10, ÖREBRO 70236

SWEDEN

Väla Centrum, ÖDÅKRA-VÄLA 26036

SWEDEN

Kompanigatan 3, JÖNKÖPING 55305

SWEDEN

Krokegårdsgatan 5, GÖTEBORG 41705

SWEDEN

Skeppsbrogatan 12, KALMAR 39231

SWEDEN

Gesällvägen 1, SUNDSVALL 85753

SWEDEN

Östra Förstadsgatan 56, MALMÖ 21212

SWEDEN

Marknadsvägen 7, LÖDDEKÖPINGE 24642

SWEDEN

Pajalagatan 51, VÄLLINGBY 16265

SWEDEN

Holmgatan 9-11, FALUN 79171

SWEDEN

Farstaplan 25, FARSTA 12347

SWEDEN

Arenavägen 57, JOHANNESHOV 12177

SWEDEN

Nygatan 22, LINKÖPING 58219

SWEDEN

Kista Galleria, KISTA 16491

SWEDEN

Stortorget 7-9, ÖREBRO 70211

SWEDEN

Storgatan 4, SÖDERTÄLJE 15171

SWEDEN

Kungsgatan 48, GÖTEBORG 41115

SWEDEN

Söderleden 1, MELLBYSTRAND 31261

SWEDEN

Koppargatan 20, NORRKÖPING 60223

SWEDEN

Per Albin Hanssons Väg 40, MALMÖ 21432

SWEDEN

Företagsvägen 10, LUND 22761

SWEDEN

Götgatan 132, STOCKHOLM 11862

SWEDEN

Södra Esplanaden 2, SALA 73330

SWEDEN

Ladugårdsvägen 12, TROLLHÄTTAN 46170

SWEDEN

Simbagatan 14, NACKA 13154

SWEDEN

Postgången 34 D, SOLNA 17145

SWEDEN

Drottninggatan 55, NORRKÖPING 60232

SWEDEN

Glimmervägen 10, SOLLENTUNA 19162

SWEDEN

Södra Förstadsgatan 41, MALMÖ 21143

SWEDEN

Östangränd 12, TYRESÖ 13540

SWEDEN

Östantorget 281, TÄBY 18334

SWEDEN

Dragonvägen 86, UPPLANDS VÄSBY 19433

SWEDEN

Drottninggatan 22, KARLSTAD 65225

SWEDEN

Östra Hamngatan 41, GÖTEBORG 41110

SWEDEN

Drottninggatan 56, STOCKHOLM 11121

SWEDEN

Gamla Brogatan 20-22, STOCKHOLM 11120

SWEDEN

Hamngatan 37 GALLERIAN, STOCKHOLM 11153

SWEDEN

Karlaplan 13, STOCKHOLM 11520

SWEDEN

Kista Galleria, KISTA 16491

SWEDEN

Kullagatan 6, HELSINGBORG 25220

SWEDEN

Kungsmässan, KUNGSBACKA 43438

SWEDEN

Kungspassagen, UMEÅ 90326

SWEDEN

Köpmansgatan 21, HALMSTAD 30242

SWEDEN

Lilla Fiskaregatan 8, LUND 22222

SWEDEN

Malmborgsgatan 6, MALMÖ 21138

SWEDEN

Marknadsvägen 7, LÖDDEKÖPINGE 24642

SWEDEN

Pajalagatan 17, VÄLLINGBY 16265

SWEDEN

Prästgatan 29, ÖSTERSUND 83131

SWEDEN

Skeppsbrogatan 12, KALMAR 39231

SWEDEN

Sollentunavägen 163, SOLLENTUNA 19147

SWEDEN

Storgatan 282, TÄBY 18334

SWEDEN

Södra Förstadsgatan 41, MALMÖ 21143

SWEDEN

Ulvsundavägen 185, BROMMA 16867

SWEDEN

Västra Storgatan 14, NYKÖPING 61131

SWEDEN

Västra Storgatan 39, KRISTIANSTAD 29131

SWEDEN

Farsta Torg, FARSTA 12347

SWEDEN

Frölunda Torg, VÄSTRA FRÖLUNDA 42142

SWEDEN

Gallerian 106, VÄSTERÅS 72213

SWEDEN

Hamngatan 10-14, STOCKHOLM 11147

SWEDEN

Köpmangatan 7, ÖREBRO 70210

SWEDEN

Nygatan 22, LINKÖPING 58219

SWEDEN

Postgatan 45, GÖTEBORG 41106

SWEDEN

Ronnebygatan 41, KARLSKRONA 37133

SWEDEN

Svartbäcksgatan 7, UPPSALA 75320

SWEDEN

Drottninggatan 41, NORRKÖPING 60232

SWEDEN

Stora Brogatan 19, BORÅS 50330

SWEDEN

Sundbybergsvägen 9, SOLNA 17173

SWEDEN

 

Email Addresses

No information for this company.

 

Web Pages

www.iduna.se

 

Directors/Managers

 

Other Information

Employee Information

Year

Number of Employees

2009

626

2008

664

2007

663

2006

632

2005

595

 

Advisors

Auditor Name

Staffan Olle Edvin Landén

 

Additional Information

Tax Registrations

Registered for Tax

Yes

Registered for VAT

Yes

Registered for Employee Tax

Yes

 

Certificates

Type

Category

Issuer

No certificate information for this company.

 

 

 

Industry Comparison

Activity Code

47772

Activity Description

Retail sale of jewellery in specialised stores

 

Event History

Event Date

Event Description

29/03/2011

Fax number, changed

31/08/2010

Annual account, new

19/08/2010

Annual report (PDF), new

16/01/2010

Authorised signatory, changed

16/01/2010

Company representatives, changed

16/01/2010

Board, changed

19/08/2009

Annual account, new

24/07/2009

Annual report (PDF), new

18/08/2008

Annual account, new

06/08/2008

Annual report (PDF), new

11/06/2008

Authorised signatory, changed

11/06/2008

Company representatives, changed

11/06/2008

Board, changed

16/10/2007

Rating, changed

16/10/2007

Rating, changed

18/09/2007

Annual account, new

14/02/2007

Company representatives, changed

14/02/2007

Board, changed

13/09/2006

Annual account, new

15/08/2006

Authorised signatory, changed

15/08/2006

Board, changed

 

 

NOTES & COMMENTS

 

Na

 


FOREIGN EXCHANGE RATES

 

Currency

Unit

Indian Rupees

US Dollar

1

Rs.44.42

UK Pound

1

Rs.72.49

Euro

1

Rs.63.87

 

 

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%)

 

 

 

PRIVATE & CONFIDENTIAL : This information is provided to you at your request, you having employed MIPL for such purpose. You will use the information as aid only in determining the propriety of giving credit and generally as an aid to your business and for no other purpose. You will hold the information in strict confidence, and shall not reveal it or make it known to the subject persons, firms or corporations or to any other. MIPL does not warrant the correctness of the information as you hold it free of any liability whatsoever. You will be liable to and indemnify MIPL for any loss, damage or expense, occasioned by your breach or non observance of any one, or more of these conditions

This report is issued at your request without any risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL) or its officials.