MIRA INFORM REPORT
|
Report Date : |
30.07.2011 |
IDENTIFICATION DETAILS
|
Name : |
STARRAGHECKERT GMBH |
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|
|
|
Registered Office : |
Otto-Schmerbach-Strasse 15 / 17, Chemnitz, 09117 |
|
|
|
|
Country : |
Germany |
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|
|
|
Financials (as on) : |
31.12.2009 |
|
|
|
|
Year of Establishment : |
1997 |
|
|
|
|
Com. Reg. No.: |
(DEU): 13863 |
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|
Legal Form : |
Private Subsidiary |
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|
|
|
Line of Business : |
manufacturer of machines and equipment for
handling hot metals |
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 : |
Satisfactory |
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|
|
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Payment
Behaviour : |
No Complaints |
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|
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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 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
|
Moderate |
B1 |
|
High |
B2 |
|
Very High |
C1 |
|
Restricted |
C2 |
|
Off-credit |
D |
Company name & address
StarragHeckert GmbH
Otto-Schmerbach-Strasse 15 / 17
Chemnitz, 09117
Germany
Tel: +49 (0) 371 8362288
Fax: +49 (0) 371 8362398
synthesis
Employees: 380
Company Type: Private Subsidiary
Corporate Family: 2
Companies
Registered No. (DEU):
13863
Ultimate Parent: StarragHeckert Holding AG
Incorporation Date: 1997
Financials in: USD
(Millions)
Fiscal Year End:
31-Dec-2009
Reporting Currency: Euro
Annual Sales: 144.7
Total Assets: 73.2
Business Description
StarragHeckert
GmbH is primarily engaged in manufacture of machines and equipment for handling
hot metals (converters, ingot moulds, ladles, casting machines); and
manufacture of metal-rolling mills and rolls for such mills.
Industry
Industry Miscellaneous Capital Goods
ANZSIC 2006: 2463 - Machine
Tool and Parts Manufacturing
NACE 2002: 2951 - Manufacture
of machinery for metallurgy
NAICS 2002: 333516 - Rolling
Mill Machinery and Equipment Manufacturing
UK SIC 2003: 2951 - Manufacture
of machinery for metallurgy
US SIC 1987: 3549 -
Metalworking Machinery, Not Elsewhere Classified
Key Executives
|
Name |
Title |
|
Frank Brinken |
Chief Executive Officer |
|
Angelika Spreng |
Geschäftsführerin |
|
Gerold Bruetsch |
Chief Financial Officer |
|
Gerd Baumann |
Leiter-Verkauf |
|
Günter Erler |
Head of Customer Service |
News
|
Title |
Date |
|
Swiss
StarragHeckert almost doubles net profit in Q1 2011 |
6-May-2011 |
|
Swiss
StarragHeckert raises CHF 66.8m from cap hike |
28-Apr-2011 |
|
StarragHeckert's
owners exercise majority of subscription rights in cap hike |
27-Apr-2011 |
|
BAE Systems
Scoops Manufacturing Industry Award |
30-Mar-2011 |
|
Swiss
StarragHeckert's net profit down 29.6% Y/Y in 2010 |
4-Mar-2011 |
1 - Profit & Loss Item Exchange Rate: USD 1 = EUR 0.7190468
2 - Balance Sheet Item Exchange Rate: USD 1 = EUR 0.6969855
Corporate
Overview
Location
Otto-Schmerbach-Strasse 15 / 17
Chemnitz, 09117
Germany
Tel: +49 (0) 371 8362288
Fax: +49 (0) 371 8362398
Sales EUR(mil): 104.0
Assets EUR(mil): 51.0
Employees: 380
Fiscal Year End: 31-Dec-2009
Industry: Miscellaneous Capital Goods
Incorporation Date: 1997
Company Type: Private Subsidiary
Quoted Status: Not Quoted
Registered No.(DEU): 13863
Chief Executive Officer: Frank
Brinken
Contents
· Industry Codes
· Business Description
· Financial Data
· Key Corporate Relationships
Industry Codes
ANZSIC 2006 Codes:
6910 - Scientific Research Services
2463 - Machine Tool and Parts Manufacturing
NACE 2002 Codes:
2951 - Manufacture of machinery for metallurgy
7310 - Research and experimental development on natural sciences
and engineering
NAICS 2002 Codes:
333516 - Rolling Mill Machinery and Equipment Manufacturing
541710 - Research and Development in the Physical, Engineering, and
Life Sciences
US SIC 1987:
8731 - Commercial Physical and Biological Research
3549 - Metalworking Machinery, Not Elsewhere Classified
UK SIC 2003:
7310 - Research and experimental development on natural sciences
and engineering
2951 - Manufacture of machinery for metallurgy
Business
Description
StarragHeckert
GmbH is primarily engaged in manufacture of machines and equipment for handling
hot metals (converters, ingot moulds, ladles, casting machines); and
manufacture of metal-rolling mills and rolls for such mills.
More Business
Descriptions
All Other General Purpose Machinery Manufacturing
Financial Data
|
|
Key Corporate
Relationships
Bank: Deutsche Bank, Deutsche Bank,
Commerzbank
|
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 |
|
|
Parent |
Rorschacherberg |
Switzerland |
Miscellaneous Capital Goods |
192.8 |
1,412 |
|
|
|
Subsidiary |
Chemnitz, Sachsen |
Germany |
Miscellaneous Capital Goods |
144.7 |
380 |
|
Executive report
|
Executives |
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||||
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Chief Executive Officer |
Chief Executive Officer |
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||||
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Geschäftsführerin |
Chief Executive Officer |
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||||
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Head of Business Unit 2 |
Division Head Executive |
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||||
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Chief Financial Officer |
Finance Executive |
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||||
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Head of Customer Service |
Customer Service Executive |
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||||
|
Leiter-Verkauf |
Sales Executive |
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Swiss
StarragHeckert almost doubles net profit in Q1 2011
ADP Switzerland News: 06 May 2011
[What follows is the full text of the
news story.]
(ADPnews) - May 6, 2011 - Swiss machine tool
maker StarragHeckert (SWF:STGN) said today its net profit grew to CHF 2.9
million (USD 3.3m/EUR 2.3m) in the first quarter of 2011, from CHF 1.5 million
in the prior-year period.
The earnings before interest and tax (EBIT)
doubled to CHF 4.3 million from CHF 2.1 million.
Revenue also nearly doubled to CHF 83.8 million
from CHF 48.7 million.
Order intake surged to CHF 72.3 million from CHF
33.6 million in the first three months of 2010. Order backlog amounted to CHF
243 million against CHF 108 million a year earlier.
For the full 2011 the company expects to
register a year-on-year increase in order intake. Revenue, however, should be
below the 2010 level.
(CHF 1.0 = USD 1.151/EUR 0.79)
Swiss StarragHeckert raises CHF 66.8m
from cap hike
ADP Switzerland News: 28 April 2011
[What follows is the full text of the
news story.]
(ADPnews) - Apr 28, 2011 - Swiss machine tool
maker StarragHeckert (SWF:STGN) said last night it successfully completed its
capital increase raising proceeds of CHF 66.8 million (USD 76.6m/EUR 51.6m).
The company placed 84,000 new shares together
with 5,107 own shares at a price of CHF 770 apiece.
StarragHeckert will use the proceeds to pay back
a bridge loan of of EUR 50 million (USD 74.2m). The loan was taken from
majority shareholder Walter Fust and was needed for the acquisition of German
peer Doerries Scharmann. The remaining proceeds will be used for general
business purposes.
Following the capital hike the free float
increased to 35.4% from 32.1%. Walter Fust continues to hold 54.9% of the
shares, while the stake of shareholder Eduard Stuerm AG went down to 9.7% from
13%.
After the capital increase and the share split,
StarragHeckert's share capital amounts to CHF 28.56 million divided into 3.36
million shares with a nominal value of CHF 8.50 each.
(CHF 1.0 = USD 1.147/EUR 0.773)
StarragHeckert's owners exercise
majority of subscription rights in cap hike
ADP Switzerland News: 27 April 2011
[What follows is the full text of the
news story.]
(ADPnews) - Apr 27, 2011 - Swiss machine tool
maker StarragHeckert (SWF:STGN) said yesterday its shareholders had exercised
69.3% of the subscription rights within a capital increase.
Under the capital hike that was approved on
April 9, 2011, the company will issue a total of 84,000 new shares. As many as
25,801 shares will be offered to international investors and 4,907 to
institutional investors.
The subscription and offer price will be put
after the end of the international offering and is expected to be announced
today after close of trading.
The first trading day of the new shares is
scheduled to be on the April 29. The delivery of the stock against payment is planned
for May 2, 2011.
BAE
Systems Scoops Manufacturing Industry Award
Aerospace and Defense Companies
Journal of Engineering: 30 March 2011
[What follows is the full text of the
news story.]
Samlesbury, United Kingdom - BAE Systems has
scooped the award for Best Supplier Partnership at the Manufacturing Industry
Awards held earlier this month.
The awards, hosted by the Manufacturing
Technologies Association seek to recognise the success and significance of
engineering based manufacturing in the UK. BAE Systems, in partnership with
StarragHeckert, Fastems, TDM Systems and Nederman won the award in the Best
Supplier Partnership category for delivering a highly flexible manufacturing
system on the F-35 Lightning II programme.
The award recognises the success of a partnered
approach in delivering a flexible system to support the manufacture of complex
titanium parts for the F-35 Lightning II aircraft. The new state of the art
machining facility based at BAE Systems Samlesbury is home to the world class,
lean, fully integrated manufacturing system that maximises operator and machine
efficiency.
Simon Bee, Head of Machining F-35, was part of
the team who collected the award on the night. "To be a truly flexible
system all aspects of the machining facility have to interact seamlessly which
added an extra layer of complexity to the task. Add to that, the team behind
the solution came from five different companies from across the globe. We had
to ensure we worked side-by-side, day-by-day on the solution. High levels of
communication and a trusting relationship across the team were key to
delivering this project, without it we stood little chance of getting it right
with the full manufacturing system.."
Chris Allam, Senior Vice President, F-35
commented: "BAE Systems' expertise and innovation in manufacturing is one
reason why we are a partner on the F-35 programme and continuing to push the
boundaries and invest where appropriate is key to our future strategy. This
enables us to retain vital manufacturing capabilities in the North West. The
machining facility is a key investment and helps maintain BAE Systems and the
UK at the forefront of advanced manufacturing."
The flexible management system will help ensure
BAE Systems ramps up production to achieve the challenging rate of producing
one F-35 aircraft set every day, whilst maintaining the exacting quality
targets required on the programme.
About BAE Systems involvement in the F-35
Lightning II programme
BAE Systems is responsible for the design and
delivery of the aft fuselage and empennage (tails and fins) for each F-35
variant, as well as key areas of the vehicle and weapon systems, in particular
the fuel system, crew escape, life support system and prognostics health
management integration. The Company also has significant work share in
autonomic logistics, primarily on the support system side, and is involved in
the Integrated Test Force, including the systems flight test and mission
systems.
The F-35 Lightning II programme is the world's
largest defence programme, with current stated requirements from initial
customers for approximately 3,000 aircraft Related LinksSource
Swiss StarragHeckert�s net profit
down 29.6% Y/Y in 2010
ADP Switzerland News: 04 March 2011
[What follows is the full text of the
news story.]
(ADPnews) - Mar 1, 2011 - Swiss machine tool
maker StarragHeckert (SWF:STGN) reported today a net profit of CHF 8.1 million
(USD 8.7m/EUR 6.2m) for 2010, down by 29.6% in a yearly comparison.
According to it, the board of directors proposed
a dividend of CHF 10 per share after CHF 15 per share for 2009. It will be paid
in the form of a withholding tax fee par value repayment from reserves on
capital investments.
Earnings before interest and tax (EBIT) declined
by 34.4% to CHF 10.1 million. This corresponds to an EBIT margin of 5.1% after
6.1% a year earlier.
The reported figures exceeded the prognoses of
Swiss bank Vontobel for net profit of CHF 5.9 million and EBIT of CHF 8.4
million.
As announced in January 2011, the company�s
revenue decreased by 21.1% to CHF 199.2 million. Order intake rose by 0.3% to
CHF 188.3 million. Order backlog went down by 16.4% to CHF 103.9 million.
For 2011 StarragHeckert expects a further
recovery of the global machine tool market. It is, however, not likely that the
high growth rates from before the economic crisis will be reached. Possible
risks in 2011 include distortions of exchange rates and an increasing
protectionism in selected sales markets.
(CHF 1.0 = USD 1.073/EUR 0.768)
Swiss
StarragHeckert revenue falls to CHF 199.2m in 2010
ADP Switzerland News: 26 January 2011
[What follows is the full text of the
news story.]
(ADPnews) - Jan 26, 2011 - Swiss machine tool
maker StarragHeckert (SWF:STGN) said today its revenue declined to CHF 199.2
million (USD 211m/EUR 154m) in 2010 from CHF 252.5 million in 2009.
Order intake improved by 0.3% to CHF 188.3
million.
Order backlog as of the end of 2010 amounted to
CHF 103.9 million, down from CHF 124.3 million as of the end of 2009.
The company said that in 2010 it invested specifically
in product development and in expansion of its sales and customer service
units.
In 2011, StarragHeckert expects increased
business volumes. The company's revenue is forecast to almost double as a
result of the acquisition of German peer Doerries Scharmann Technologie GmbH
announced last week.
StarragHeckert said it will publish its detailed
2010 results on March 4, 2011.
(CHF 1.0 = USD 1.059/EUR 0.773)
Deal snapshot: SWISS STARRAGHECKERT
WRAPS UP GERMAN DOERRIES SCHARMANN TAKEOVER
M&A Navigator: 24 January 2011
[What follows is the full text of the
news story.]
Swiss machine tools maker StarragHeckert
(SWF:STGN) announced the completion of its previously announced acquisition of
German sector firm Doerries Scharmann Technologie for EUR70m (USD94.4m).
Country: Germany,
Sector: Machinery/Engineering
Target: Doerries Scharmann Technologie Gmbh
Buyer: StarragHeckert Holding AG
Vendor: A-Tec Industries AG
Deal size in USD: 94.4m
Type: Corporate acquisition
Financing: Existing resources
Status: Closed
((Comments on this story may be sent to
info@m2.com))
Swiss
StarragHeckert wraps up German Doerries Scharmann takeover
M&A Navigator: 20 January 2011
[What follows is the full text of the
news story.]
Swiss machine tools maker StarragHeckert
(SWF:STGN) announced today the completion of its previously announced
acquisition of German sector firm Doerries Scharmann Technologie for EUR70m
(USD94.4m).
The seller is insolvent Austrian holding company
A-Tec Industries (WBAG:ATEC).
The buyer used its available resources and a
bridge loan of EUR50m to finance the transaction.
Doerries Scharmann, with 790 employees,
generated sales of EUR130m last year.
Country: Germany,
Sector: Machinery/Engineering
Target: Doerries Scharmann Technologie Gmbh
Buyer: StarragHeckert Holding AG
Vendor: A-Tec Industries AG
Deal size in USD: 94.4m
Type: Corporate acquisition
Financing: Existing resources
Status: Closed
((Comments on this story may be sent to
info@m2.com))
Swiss StarragHeckert closes takeover of
German Doerries Scharmann
ADP Switzerland News: 20 January 2011
[What follows is the full text of the news story.]
(ADPnews) - Jan 20, 2011 - Swiss machine tool
maker StarragHeckert (SWF:STGN) said today it finalised the acquisition of
German peer Doerries Scharmann Technologie GmbH for EUR 70 million (USD 94.4m),
which was announced on January 16, 2011.
The company added that the purchase price was
paid from own funds and a EUR-50-million bridge loan of the majority
shareholder Walter Fust. As previously disclosed, this loan will be refinanced
by a capital increase in the next few months.
(EUR 1.0 = USD 1.348)
Deal
snapshot: AUSTRIAN A-TEC AGREES TO UNLOAD DOERRIES SCHARMANN FOR EUR70M
M&A Navigator: 19 January 2011
[What follows is the full text of the
news story.]
Insolvent Austrian holding company A-Tec
Industries (WBAG:ATEC) said it has agreed to sell German machine tools producer
Doerries Scharmann to Swiss sector company StarragHeckert (SWF:STGN) for EUR70m
(USD93.3m).
Country: Germany,
Sector: Machinery/Engineering
Target: Doerries Scharmann Technologie Gmbh
Buyer: StarragHeckert Holding AG
Vendor: A-Tec Industries AG
Deal size in USD: 93.3m
Type: Divestment
Status: Agreed
((Comments on this story may be sent to
info@m2.com))
Annual Profit & Loss
|
|
31-Dec-2009 |
31-Dec-2008 |
31-Dec-2007 |
|
Period Length |
12 Months |
12 Months |
12 Months |
|
Filed Currency |
EUR |
EUR |
EUR |
|
Exchange Rate
(Period Average) |
0.719047 |
0.683679 |
0.730637 |
|
Consolidated |
No |
No |
No |
|
|
|
|
|
|
Total income |
144.7 |
130.4 |
110.7 |
|
Raw materials and services |
60.5 |
96.1 |
68.2 |
|
Net sales |
144.7 |
130.4 |
110.7 |
|
Change in stock |
-24.6 |
39.0 |
14.4 |
|
Own work capitalised |
0.2 |
0.4 |
0.0 |
|
Other operating income |
9.3 |
3.3 |
7.6 |
|
Raw materials and consumables employed |
60.5 |
96.1 |
68.2 |
|
Other external charges |
8.4 |
11.8 |
8.0 |
|
Cost of goods sold |
68.9 |
107.9 |
76.2 |
|
Cost of raw materials |
68.9 |
107.9 |
76.2 |
|
Taxes and social security costs |
3.7 |
3.5 |
3.0 |
|
Total payroll costs |
23.8 |
24.4 |
19.7 |
|
Fixed asset depreciation and amortisation |
2.9 |
2.2 |
2.0 |
|
Other operating costs |
47.1 |
47.8 |
47.0 |
|
Net operating income |
10.5 |
14.6 |
11.3 |
|
Other income |
0.1 |
0.0 |
0.0 |
|
Interest payable on loans |
0.0 |
0.5 |
0.5 |
|
Total expenses |
-0.1 |
0.5 |
0.4 |
|
Profit before tax |
10.6 |
14.1 |
10.8 |
|
Provisions |
13.4 |
15.2 |
12.3 |
|
Other taxes |
0.1 |
0.1 |
0.1 |
|
Total taxation |
0.0 |
0.0 |
- |
|
Profit distributed to shareholders |
-10.5 |
-14.0 |
-10.8 |
Annual Balance Sheet
Financials in: USD
(mil)
|
|
31-Dec-2009 |
31-Dec-2008 |
31-Dec-2007 |
|
Filed Currency |
EUR |
EUR |
EUR |
|
Exchange Rate |
0.696986 |
0.719399 |
0.683971 |
|
Consolidated |
No |
No |
No |
|
|
|
|
|
|
Issued capital |
7.3 |
7.1 |
7.5 |
|
Capital reserves |
19.4 |
18.8 |
19.7 |
|
Profits for the year |
0.0 |
0.0 |
0.0 |
|
Profit brought forward from previous year(s) |
0.0 |
0.0 |
0.0 |
|
Total stockholders equity |
26.7 |
25.9 |
27.2 |
|
Other provisions |
13.8 |
14.4 |
13.1 |
|
Provisions and allowances |
13.8 |
14.4 |
13.1 |
|
Taxes and social security |
0.6 |
- |
0.2 |
|
Total long-term liabilities |
0.6 |
- |
0.2 |
|
Trade creditors |
3.4 |
13.0 |
9.7 |
|
Other loans |
- |
0.1 |
1.7 |
|
Taxation and social security |
2.4 |
3.2 |
1.5 |
|
Other current liabilities |
23.4 |
22.5 |
16.7 |
|
Due to group companies |
2.9 |
2.9 |
0.3 |
|
Total current liabilities |
32.1 |
41.7 |
29.8 |
|
Total liabilities (including net worth) |
73.2 |
82.0 |
70.3 |
|
Patents |
0.8 |
1.1 |
1.2 |
|
Goodwill |
- |
- |
0.2 |
|
Intangibles |
0.8 |
1.1 |
1.4 |
|
Land and buildings |
8.6 |
8.8 |
9.8 |
|
Machinery and tools |
2.7 |
0.6 |
0.1 |
|
Fixtures and equipment |
8.6 |
8.8 |
9.8 |
|
Fixed assets under construction |
0.1 |
1.3 |
0.1 |
|
Total tangible fixed assets |
17.7 |
16.4 |
13.9 |
|
Total non-current assets |
18.5 |
17.6 |
15.2 |
|
Raw materials |
17.9 |
27.3 |
19.1 |
|
Work in progress |
12.2 |
69.2 |
5.6 |
|
Finished goods |
2.3 |
2.0 |
1.2 |
|
Prepayments |
1.9 |
1.7 |
0.6 |
|
Net stocks and work in progress |
34.2 |
47.5 |
26.5 |
|
Trade debtors |
4.8 |
11.9 |
17.4 |
|
Other receivables |
1.4 |
1.0 |
1.3 |
|
Total receivables |
14.5 |
13.1 |
25.1 |
|
Owing from associated companies |
8.3 |
0.1 |
6.4 |
|
Cash and liquid assets |
6.0 |
3.8 |
3.5 |
|
Total current assets |
54.7 |
64.3 |
55.1 |
|
Prepaid expenses and deferred costs |
0.0 |
0.1 |
0.0 |
|
Total assets |
73.2 |
82.0 |
70.3 |
Annual Ratios
Financials
in: USD (mil)
|
|
31-Dec-2009 |
31-Dec-2008 |
31-Dec-2007 |
|
Period Length |
12 Months |
12 Months |
12 Months |
|
Filed Currency |
EUR |
EUR |
EUR |
|
Exchange Rate |
0.696986 |
0.719399 |
0.683971 |
|
Consolidated |
No |
No |
No |
|
|
|
|
|
|
Current ratio |
17.04 |
15.44 |
18.48 |
|
Acid test ratio |
6.38 |
4.05 |
9.60 |
|
Total liabilities to net worth |
0.12% |
0.16% |
0.11% |
|
Net worth to total assets |
0.04% |
0.03% |
0.04% |
|
Current liabilities to net worth |
0.12% |
0.16% |
0.11% |
|
Current liabilities to stock |
0.09% |
0.09% |
0.11% |
|
Fixed assets to net worth |
0.07% |
0.07% |
0.06% |
|
Collection period |
117.00 |
350.00 |
537.00 |
|
Stock turnover rate |
2.29 |
3.83 |
2.24 |
|
Profit margin |
0.01% |
0.01% |
0.01% |
|
Return on assets |
0.01% |
0.02% |
0.02% |
|
Shareholders' return |
0.04% |
0.05% |
0.04% |
|
Sales per employee |
25.06 |
24.22 |
27.05 |
|
Profit per employee |
1.82 |
2.60 |
2.63 |
|
Average wage per employee |
4.13 |
4.54 |
4.82 |
|
Net worth |
26.7 |
25.9 |
27.2 |
|
Number of employees |
415 |
368 |
299 |
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.44.16 |
|
UK Pound |
1 |
Rs.72.10 |
|
Euro |
1 |
Rs.63.10 |
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.