MIRA INFORM REPORT

 

 

Report Date :           

04.06.2011

 

IDENTIFICATION DETAILS

 

Name :

STORA ENSO FORS AKTIEBOLAG

 

 

Registered Office :

77489 Fors

 

 

Country :

Sweden

 

 

Financials (as on) :

2009

 

 

Date of Incorporation :

10.11.1915

 

 

Com. Reg. No.:

5560128661

 

 

Legal Form :

Limited Liability Company

 

 

Line of Business :

Manufacture of other paper and paperboard

 

RATING & COMMENTS

 

MIRA’s Rating :

A

 

RATING

STATUS

PROPOSED CREDIT LINE

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

 

Maximum Credit Limit :

50.000.000 SEK

Status :

Very 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

a2

a2

 

Risk Category

ECGC Classification

Insignificant

 

A1

Low

 

A2

Moderate

 

B1

High

 

B2

Very High

 

C1

Restricted

 

C2

Off-credit

 

D

 


 Bottom of Form

 

Company Summary

 

Business Name

Stora Enso Fors Aktiebolag

Country

SWEDEN

Company Registration Number

5560128661

Main Activity

Manufacture of other paper and paperboard

Activity Code

17129

Company Status

Active

Latest Turnover Figure

2.962.998.000 SEK

Latest Shareholder Equity Figure

352.154.000 SEK

Credit Limit

50.000.000 SEK

 

 

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

17129

Activity Description

Manufacture of other paper and paperboard

Industry Average Credit Limit

16.825.000 SEK

 

 

Event History

Event Date

Event Description

29/03/2011

Fax number changed

24/08/2010

New annual account

05/08/2010

New annual report (PDF)

05/08/2009

New annual account

22/07/2009

New annual report (PDF)

19/02/2009

Change in company representatives

19/02/2009

Board changed

19/02/2009

Authorised signatory changed

28/07/2008

New annual account

22/07/2008

New annual report (PDF)

21/12/2007

Change in company representatives

21/12/2007

Board changed

21/12/2007

Authorised signatory changed

06/12/2007

Board changed

06/12/2007

Change in company representatives

06/12/2007

Authorised signatory changed

03/08/2007

New annual account

09/11/2006

Board changed

09/11/2006

Authorised signatory changed

09/11/2006

Change in company representatives

09/08/2006

New annual account

 

 

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

1

Number of reclaimed/revoked applications

11

 

 

Company Information

 

Basic Information

Business Name

Stora Enso Fors Aktiebolag

Registered Company Name

Stora Enso Fors Aktiebolag

Company Registration Number

5560128661

Country

SWEDEN

VAT Registration Number

SE556012866101

Date of Company Registration

10/11/1915

Legal Form

Limited liability company

Company Status

Active

Currency of this Report

SEK

Principal Activity Description

Bolaget skall bedriva skogsindustriell rörelse och därmed förenlig verksamhet.

(The company will engage in industrial forestry operations and associated activities.)

Contact Address

77489 FORS

Contact Telephone Number

010-4635000

 

Activities

Activity Code

Activity Description

17129

Manufacture of other paper and paperboard

 


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

17129

Activity Description

Manufacture of other paper and paperboard

Industry Average Credit Limit

16.825.000 SEK

 

Event History

Event Date

Event Description

29/03/2011

Fax number changed

24/08/2010

New annual account

05/08/2010

New annual report (PDF)

05/08/2009

New annual account

22/07/2009

New annual report (PDF)

19/02/2009

Change in company representatives

19/02/2009

Board changed

19/02/2009

Authorised signatory changed

28/07/2008

New annual account

22/07/2008

New annual report (PDF)

21/12/2007

Change in company representatives

21/12/2007

Board changed

21/12/2007

Authorised signatory changed

06/12/2007

Board changed

06/12/2007

Change in company representatives

06/12/2007

Authorised signatory changed

03/08/2007

New annual account

09/11/2006

Board changed

09/11/2006

Authorised signatory changed

09/11/2006

Change in company representatives

09/08/2006

New annual account

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

1

Number of reclaimed/revoked applications

11

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

2.999.817.000

2.880.801.000

2.871.640.000

Operating Costs

2.582.939.000

2.689.057.000

2.660.074.000

Operating Profit

416.878.000

191.744.000

211.566.000

Wages & Salaries

-377.081.000

-433.781.000

-405.702.000

Depreciation

-154.882.000

-157.751.000

-136.175.000

Financial Income

1.795.000

12.686.000

1.384.000

Financial Expenses

-9.800.000

-18.399.000

-

Extraordinary Income

-

-

-

Extraordinary Costs

-9.800.000

-18.399.000

-

Profit before Tax

408.873.000

186.031.000

224.397.000

Tax

-116.529.000

-44.399.000

-1.895.000

Profit after Tax

408.873.000

186.031.000

224.397.000

Minority Interests

-

-

-

Other Appropriations

31.598.000

-24.292.000

-220.910.000

Retained Profit

323.942.000

117.340.000

1.592.000

 

 

Balance Sheet

Financial Year

2009

2008

2007

Number of Weeks

52

52

52

Currency

SEK

SEK

SEK

Consolidated Accounts

N

N

N

Land & Buildings

204.595.000

216.228.000

200.774.000

Plant & Machinery

1.024.698.000

1.112.610.000

861.742.000

Other Tangible Assets

37.082.000

35.323.000

275.584.000

Total Tangible Assets

1.266.375.000

1.364.161.000

1.338.100.000

Goodwill

21.529.000

0

0

Other Intangible Assets

0

0

0

Total Intangible Assets

21.529.000

0

0

Loans To Group

0

0

0

Other Loans

0

0

0

Miscellaneous Fixed Assets

9.622.000

12.365.000

3.465.000

Total Other Fixed Assets

9.622.000

12.365.000

3.465.000

TOTAL FIXED ASSETS

1.297.526.000

1.376.526.000

1.341.565.000

Work In Progress

0

0

0

Other Inventories

381.675.000

349.909.000

359.418.000

Total Inventories

381.675.000

349.909.000

359.418.000

Trade Receivables

493.089.000

498.190.000

469.813.000

Group Receivables

309.131.000

20.477.000

53.330.000

Miscellaneous Receivables

44.037.000

226.667.000

281.658.000

Total Receivables

846.257.000

745.334.000

804.801.000

Cash

103.000

1.198.000

675.000

Other Current Assets

0

0

0

TOTAL CURRENT ASSETS

1.228.035.000

1.096.441.000

1.164.894.000

TOTAL ASSETS

2.525.561.000

2.472.967.000

2.506.459.000

Trade Payables

106.071.000

64.805.000

100.938.000

Bank Liabilities

0

0

0

Group Payables

976.299.000

268.633.000

275.360.000

Miscellaneous Liabilities

229.724.000

879.156.000

250.506.000

TOTAL CURRENT LIABILITIES

1.312.094.000

1.212.594.000

626.804.000

Bank Liabilities Due After 1 Year

0

0

0

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

861.313.000

913.352.000

862.898.000

TOTAL LONG TERM LIABILITIES

861.313.000

913.352.000

862.898.000

TOTAL LIABILITIES

2.173.407.000

2.125.946.000

1.489.702.000

Called Up Share Capital

180.000.000

180.000.000

180.000.000

Share Premium

0

0

0

Revenue Reserves

454.963.000

268.097.000

800.757.000

Other Reserves

-282.809.000

-101.076.000

36.000.000

TOTAL SHAREHOLDERS EQUITY

352.154.000

347.021.000

1.016.757.000

 

Other Financials

Contingent Liabilities

2.693.000

2.812.000

2.638.000

Working Capital

-84.059.000

-116.153.000

538.090.000

Net Worth

330.625.000

347.021.000

1.016.757.000

 

 

Ratios

Pre-Tax Profit Margin

13.63 %

6.46 %

7.81 %

Return On Capital Employed

10.65 %

5.05 %

7.16 %

Return On Total Assets Employed

16.19 %

7.52 %

8.95 %

Return On Net Assets Employed

116.11 %

53.61 %

22.07 %

Sales/Net Working Capital

-35.69

-24.80

5.34

Stock Turnover Ratio

12.72 %

12.15 %

12.52 %

Debtor Days

60.00

63.12

59.72

Creditor Days

12.91

8.21

12.83

Current Ratio

0.94

0.90

1.86

Liquidity Ratio/Acid Test

0.65

0.62

1.29

Current Debt Ratio

3.73

3.49

0.62

Gearing

 

0.22 %

0.08 %

Equity In Percentage

14.12 %

14.10 %

40.62 %

Total Debt Ratio

6.17

6.13

1.47

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

17129

Activity Description

Manufacture of other paper and paperboard

Industry Average Credit Limit

16.825.000 SEK

 

Event History

Event Date

Event Description

29/03/2011

Fax number changed

24/08/2010

New annual account

05/08/2010

New annual report (PDF)

05/08/2009

New annual account

22/07/2009

New annual report (PDF)

19/02/2009

Change in company representatives

19/02/2009

Board changed

19/02/2009

Authorised signatory changed

28/07/2008

New annual account

22/07/2008

New annual report (PDF)

21/12/2007

Change in company representatives

21/12/2007

Board changed

21/12/2007

Authorised signatory changed

06/12/2007

Board changed

06/12/2007

Change in company representatives

06/12/2007

Authorised signatory changed

03/08/2007

New annual account

09/11/2006

Board changed

09/11/2006

Authorised signatory changed

09/11/2006

Change in company representatives

09/08/2006

New annual account

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

1

Number of reclaimed/revoked applications

11

 

 

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

17129

Activity Description

Manufacture of other paper and paperboard

Industry Average Credit Limit

16.825.000 SEK

 

Event History

Event Date

Event Description

29/03/2011

Fax number changed

24/08/2010

New annual account

05/08/2010

New annual report (PDF)

05/08/2009

New annual account

22/07/2009

New annual report (PDF)

19/02/2009

Change in company representatives

19/02/2009

Board changed

19/02/2009

Authorised signatory changed

28/07/2008

New annual account

22/07/2008

New annual report (PDF)

21/12/2007

Change in company representatives

21/12/2007

Board changed

21/12/2007

Authorised signatory changed

06/12/2007

Board changed

06/12/2007

Change in company representatives

06/12/2007

Authorised signatory changed

03/08/2007

New annual account

09/11/2006

Board changed

09/11/2006

Authorised signatory changed

09/11/2006

Change in company representatives

09/08/2006

New annual account

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

1

Number of reclaimed/revoked applications

11

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

17129

Activity Description

Manufacture of other paper and paperboard

Industry Average Credit Limit

16.825.000 SEK

 

Event History

Event Date

Event Description

29/03/2011

Fax number changed

24/08/2010

New annual account

05/08/2010

New annual report (PDF)

05/08/2009

New annual account

22/07/2009

New annual report (PDF)

19/02/2009

Change in company representatives

19/02/2009

Board changed

19/02/2009

Authorised signatory changed

28/07/2008

New annual account

22/07/2008

New annual report (PDF)

21/12/2007

Change in company representatives

21/12/2007

Board changed

21/12/2007

Authorised signatory changed

06/12/2007

Board changed

06/12/2007

Change in company representatives

06/12/2007

Authorised signatory changed

03/08/2007

New annual account

09/11/2006

Board changed

09/11/2006

Authorised signatory changed

09/11/2006

Change in company representatives

09/08/2006

New annual account

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

1

Number of reclaimed/revoked applications

11

Contact Information

Main Address

Address

Country

Telephone

, 77489 FORS

SWEDEN

010-4635000

 

Other Address

Address

Country

No other addresses for this company.

 

 

Email Addresses

No information for this company.

 

Web Pages

www.storaenso.com/fors

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

17129

Activity Description

Manufacture of other paper and paperboard

Industry Average Credit Rating

85 (1 - 100)

Industry Average Credit Limit

16.825.000 SEK

 

Event History

Event Date

Event Description

29/03/2011

Fax number changed

24/08/2010

New annual account

05/08/2010

New annual report (PDF)

05/08/2009

New annual account

22/07/2009

New annual report (PDF)

19/02/2009

Change in company representatives

19/02/2009

Board changed

19/02/2009

Authorised signatory changed

28/07/2008

New annual account

22/07/2008

New annual report (PDF)

21/12/2007

Change in company representatives

21/12/2007

Board changed

21/12/2007

Authorised signatory changed

06/12/2007

Board changed

06/12/2007

Change in company representatives

06/12/2007

Authorised signatory changed

03/08/2007

New annual account

09/11/2006

Board changed

09/11/2006

Authorised signatory changed

09/11/2006

Change in company representatives

09/08/2006

New annual account

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

1

Number of reclaimed/revoked applications

11

Share Capital Structure

Issued Share Capital

180.000.000 SEK

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

17129

Activity Description

Manufacture of other paper and paperboard

Industry Average Credit Limit

16.825.000 SEK

 

Event History

Event Date

Event Description

29/03/2011

Fax number changed

24/08/2010

New annual account

05/08/2010

New annual report (PDF)

05/08/2009

New annual account

22/07/2009

New annual report (PDF)

19/02/2009

Change in company representatives

19/02/2009

Board changed

19/02/2009

Authorised signatory changed

28/07/2008

New annual account

22/07/2008

New annual report (PDF)

21/12/2007

Change in company representatives

21/12/2007

Board changed

21/12/2007

Authorised signatory changed

06/12/2007

Board changed

06/12/2007

Change in company representatives

06/12/2007

Authorised signatory changed

03/08/2007

New annual account

09/11/2006

Board changed

09/11/2006

Authorised signatory changed

09/11/2006

Change in company representatives

09/08/2006

New annual account

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

1

Number of reclaimed/revoked applications

11

 

Directors/Managers

 

Current Directors

Name

Appointment Date

Position

 

Håkan Moldén

31/10/2003

Actual Member of Board

 

Alf Tommy Lodin

09/08/2004

Actual Member of Board

 

Cecilia Maria Nordberg Carter

18/02/2009

Actual Member of Board

 

Nils Gunnar Sjöblom

18/02/2009

Actual Member of Board

 

 

Previous Directors

Name

Appointment Date

Position

Resignation Date

Per Oskar Westman

28/03/2001

Actual Member of Board

18/02/2009

Kjell Christer Ågren

08/11/2006

Actual Member of Board

18/02/2009

Håkan Moldén

31/10/2003

Managing Director

05/12/2007

Yngve Arneson Stade

09/08/2004

Actual Member of Board

08/11/2006

 

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

17129

Activity Description

Manufacture of other paper and paperboard

Industry Average Credit Limit

16.825.000 SEK

 

Event History

Event Date

Event Description

29/03/2011

Fax number changed

24/08/2010

New annual account

05/08/2010

New annual report (PDF)

05/08/2009

New annual account

22/07/2009

New annual report (PDF)

19/02/2009

Change in company representatives

19/02/2009

Board changed

19/02/2009

Authorised signatory changed

28/07/2008

New annual account

22/07/2008

New annual report (PDF)

21/12/2007

Change in company representatives

21/12/2007

Board changed

21/12/2007

Authorised signatory changed

06/12/2007

Board changed

06/12/2007

Change in company representatives

06/12/2007

Authorised signatory changed

03/08/2007

New annual account

09/11/2006

Board changed

09/11/2006

Authorised signatory changed

09/11/2006

Change in company representatives

09/08/2006

New annual account

 

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

1

Number of reclaimed/revoked applications

11

 

 

Group Structure

 

Ultimate Holding Parent

Ultimate Holding Company Name

STORA ENSO OYJ

Ultimate Holding Company Country

FINLAND

 

 

Immediate Holding Parent

No information for this company.

 

Subsidiary Companies

 

Subsidiary Name

Country

Number

No subsidiaries for this company.

 

 

 

Affiliates

Affiliate Name

Country

Number

No affiliates for this company.

 

 

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

17129

Activity Description

Manufacture of other paper and paperboard

Industry Average Credit Limit

16.825.000 SEK

 

Event History

Event Date

Event Description

29/03/2011

Fax number changed

24/08/2010

New annual account

05/08/2010

New annual report (PDF)

05/08/2009

New annual account

22/07/2009

New annual report (PDF)

19/02/2009

Change in company representatives

19/02/2009

Board changed

19/02/2009

Authorised signatory changed

28/07/2008

New annual account

22/07/2008

New annual report (PDF)

21/12/2007

Change in company representatives

21/12/2007

Board changed

21/12/2007

Authorised signatory changed

06/12/2007

Board changed

06/12/2007

Change in company representatives

06/12/2007

Authorised signatory changed

03/08/2007

New annual account

09/11/2006

Board changed

09/11/2006

Authorised signatory changed

09/11/2006

Change in company representatives

09/08/2006

New annual account

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

1

Number of reclaimed/revoked applications

11

Other Information

Employee Information

Year

Number of Employees

2009

679

2008

721

2007

746

2006

779

2005

809

 

Advisors

Auditor Name

Deloitte AB

 

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

17129

Activity Description

Manufacture of other paper and paperboard

Industry Average Credit Limit

16.825.000 SEK

 

 

Event History

Event Date

Event Description

29/03/2011

Fax number changed

24/08/2010

New annual account

05/08/2010

New annual report (PDF)

05/08/2009

New annual account

22/07/2009

New annual report (PDF)

19/02/2009

Change in company representatives

19/02/2009

Board changed

19/02/2009

Authorised signatory changed

28/07/2008

New annual account

22/07/2008

New annual report (PDF)

21/12/2007

Change in company representatives

21/12/2007

Board changed

21/12/2007

Authorised signatory changed

06/12/2007

Board changed

06/12/2007

Change in company representatives

06/12/2007

Authorised signatory changed

03/08/2007

New annual account

09/11/2006

Board changed

09/11/2006

Authorised signatory changed

09/11/2006

Change in company representatives

09/08/2006

New annual account

 

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

1

Number of reclaimed/revoked applications

11

 

 


FOREIGN EXCHANGE RATES

 

Currency

Unit

Indian Rupees

US Dollar

1

Rs.44.85

UK Pound

1

Rs.73.29

Euro

1

Rs.64.89

 

 

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.