MIRA INFORM REPORT

Report Date :

14.05.2011

IDENTIFICATION DETAILS

Name :	STOCKMANN OYJ ABP
Formerly Known As :	OY Stockmann AB
Registered Office :	Aleksanterinkatu 52 B, 00100, Helsinki
Country :	Finland
Financials (as on) :	31.12.2010
Date of Incorporation :	20.01.1919
Com. Reg. No.:	01141622
Legal Form :	Public Limited Company
Line of Business :	Retail sale in department stores

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
Status :	Good
Payment Behaviour :	Regular
Litigation :	Clear

NOTES :

Any query related to this report can be made on e-mail : infodept@mirainform.com while quoting report number, name and date.

ECGC Country Risk Classification List – December 31, 2010

Country Name	Previous Rating (30.09.2010)	Current Rating (31.12.2010)
Finland	a2	a2

Risk Category	ECGC Classification
Insignificant	A1
Low	A2
Moderate	B1
High	B2
Very High	C1
Restricted	C2
Off-credit	D

Company summary

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Company Name	Stockmann Oyj Abp	Company Number	01141622
Trading Name	Stockmann Oyj Abp	Trade Registry Number	38342
Company Name	Stockmann Oyj Abp	Business ID	01141622
Previous Name	OY Stockmann AB
Telephone Number	091211	Registered Address	Aleksanterinkatu 52 B, 00100, HELSINKI
Fax Number	091213101	Visiting Address	Aleksanterinkatu 52 B, 00100, HELSINKI
Home Municipality	Helsinki	Postal Address	PL 220, 00101, HELSINKI
Incorporation Date	20.01.1919	Branches	37
Company Type	Public limited company	Website Address
Primary Sic Code	47192	Accountant	Holmbom Karl Henrik
Primary Sic Description	Retail sale in department stores (over 2,500 m¦)	Last Accounts Date	31.12.2010
Share Capital (€)	142.292.000	Ultimate Holding Company
Deals in importing	Yes	Foreign Ownership	No
Deals in exporting	Yes	Currency	EUR

Credit Limit

Limit (€)

50.000

Key Financials

Year	31.12.2010	%	31.12.2009	%	31.12.2008	%	31.12.2007
Turnover (€)	814.459.000	25%	651.800.000	-8%	711.300.000		713.500.000
Result After Taxes(€)	21.513.000	-63%	58.300.000	-11%	65.300.000	-10%	72.400.000
Total Assets(€)	1.890.694.920	5%	1.798.100.000	12%	1.605.600.000		1.605.900.000
Number of Employees	5319	12%	4757	-9%	5238	2%	5157
Estimated Shareholders Funds	869.719.663	-1%	881.069.000	25%	706.464.000	22%	578.124.000

Ratios

Year	31.12.2010	31.12.2009	31.12.2008	31.12.2007
Solvency Ratio	46%	49%	44%	36%
	Low Indebtedness	Low Indebtedness	Low Indebtedness	Moderate Indebtedness
Operating Result Ratio	4,50	6,20	9,60	10,10
Turnover Employee Ratio	15.312,00	13.702,00	1.358,00	13.836,00

Solvency Ratio Definitions

Solvency Ratio is calculated as:	Shareholders Funds       Total Assets
This ratio measures if the total liabilities of a business (both secured and unsecured) are too high, indicating a possible over dependency on outside sources for long-term financial support. An average score would be between 20% and 40% whilst poor performers can generate scores of below 20% or even have a negative score. Exceptionally performing businesses could reach a value in excess of 60%.

Shareholder Information

Year	31.12.2010
Total Value of Shares	142.292.000
Number of Shares	71.146.000
Value of Shares	2

Registrations in Force

	State	Registration Date
Tax Administration	Registered	15.03.1978
Trade Register	Registered	20.01.1919
Employer Register	Registered	01.01.1944
Prepayment Register	Registered	01.03.1995
Value Added Tax-Liability	VAT-liable for business activity	01.06.1994

Business History

Date	Event	Source Company Name
01.07.2010	Merger	Oy Hobby Hall Ab   merged into   Stockmann Oyj Abp
30.06.2010	Merger	Oy Hobby Hall Ab   merged into   Stockmann Oyj Abp

Payment Delays

Current Directors

Name	Penttilä Hannu Erkki Olavi
Date of Birth	29.04.1953	Appointment Date	14.11.2008
Nationality	FINLAND	Function	Managing director

Name	Taxell Lars Evald Christoffer
Date of Birth	14.02.1948	Appointment Date	10.05.2010
Nationality	FINLAND	Function	Chairman of Board

Name	Etola Erkki Olavi
Date of Birth	14.01.1945	Appointment Date	10.05.2010
Nationality	FINLAND	Function	Actual Member of Board

Name	Niemistö Kari Pertti Henrik
Date of Birth	06.10.1962	Appointment Date	10.05.2010
Nationality	FINLAND	Function	Actual Member of Board

Name	Teir-Lehtinen Carola Margareta
Date of Birth	24.07.1952	Appointment Date	10.05.2010
Nationality	FINLAND	Function	Actual Member of Board

Name	Tallqvist-Cederberg Gunilla Charlotta Irene
Date of Birth	30.03.1962	Appointment Date	10.05.2010
Nationality	FINLAND	Function	Actual Member of Board

Name	Bergh Kaj-Gustaf Johan
Date of Birth	20.12.1955	Appointment Date	10.05.2010
Nationality	FINLAND	Function	Actual Member of Board

Name	Wiklund Henry Alf
Date of Birth	10.04.1948	Appointment Date	10.05.2010
Nationality	FINLAND	Function	Actual Member of Board

Name	Liljeblom Eva Helena Maria
Date of Birth	04.01.1958	Appointment Date	10.05.2010
Nationality	FINLAND	Function	Actual Member of Board

Other Company Officials

Name	Nummisto Saija Tamara
Date of Birth	12.06.1961	Appointment Date	18.01.2011
Nationality	FINLAND	Function	Procurist

Name	Pilviö Ann Christin
Date of Birth	21.04.1971	Appointment Date	18.01.2011
Nationality	FINLAND	Function	Procurist

Name	Pirttiaho-Timonen Minna Annukka
Date of Birth	09.01.1968	Appointment Date	18.01.2011
Nationality	FINLAND	Function	Procurist

Name	Trammell Teresa Tuulia
Date of Birth	20.03.1970	Appointment Date	18.01.2011
Nationality	FINLAND	Function	Procurist

Name	Vainio Merituuli
Date of Birth	08.10.1981	Appointment Date	18.01.2011
Nationality	FINLAND	Function	Procurist

Name	Koski Kaarina Hellevi
Date of Birth	30.10.1956	Appointment Date	18.01.2011
Nationality	FINLAND	Function	Procurist

Name	Pyykkö-Tuominen Pirjo Hannele
Date of Birth	27.04.1963	Appointment Date	18.01.2011
Nationality	FINLAND	Function	Procurist

Name	Nyholm-Silvennoinen Jessica Mikaela
Date of Birth	22.12.1969	Appointment Date	30.06.2010
Nationality	FINLAND	Function	Authority to sign

Name	Majanen Jonna Annika
Date of Birth	13.12.1975	Appointment Date	18.01.2011
Nationality	FINLAND	Function	Procurist

Name	Pitkänen Jouko Tapio
Date of Birth	12.03.1971	Appointment Date	18.01.2011
Nationality	FINLAND	Function	Procurist

Name	Tukia Outi Susanna
Date of Birth	04.03.1970	Appointment Date	18.01.2011
Nationality	FINLAND	Function	Procurist

Name	Vilén Elena
Date of Birth	24.08.1969	Appointment Date	18.01.2011
Nationality	FINLAND	Function	Procurist

Name	Kiiskilä Jussi Matti Sakari
Date of Birth	05.01.1979	Appointment Date	18.01.2011
Nationality	FINLAND	Function	Procurist

Name	Korhonen Anna Irmeli
Date of Birth	30.11.1967	Appointment Date	18.01.2011
Nationality	FINLAND	Function	Procurist

Name	Kuisma Maaret Marita
Date of Birth	28.08.1950	Appointment Date	18.01.2011
Nationality	FINLAND	Function	Procurist

Name	Euro Katja Eerika
Date of Birth	22.01.1971	Appointment Date	18.01.2011
Nationality	FINLAND	Function	Procurist

Name	Fågel Tiina Kirsi Maria
Date of Birth	16.02.1967	Appointment Date	18.01.2011
Nationality	FINLAND	Function	Procurist

Name	Sammallahti-Siklander Sisko Tuulikki
Date of Birth	05.11.1951	Appointment Date	18.01.2011
Nationality	FINLAND	Function	Procurist

Name	Silventola Päivi Sinikka
Date of Birth	26.01.1957	Appointment Date	18.01.2011
Nationality	FINLAND	Function	Procurist

Name	Nylén Satu Margit
Date of Birth	09.06.1965	Appointment Date	18.01.2011
Nationality	FINLAND	Function	Procurist

Name	Poikonen Pekka Tapani
Date of Birth	25.08.1965	Appointment Date	18.01.2011
Nationality	FINLAND	Function	Procurist

Name	Tapprest Sirpa Anneli
Date of Birth	03.08.1962	Appointment Date	18.01.2011
Nationality	FINLAND	Function	Procurist

Name	Malin Nora Elisabet
Date of Birth	20.10.1975	Appointment Date	18.01.2011
Nationality	FINLAND	Function	Procurist

Name	Kivekäs Kari Sakari
Date of Birth	14.01.1963	Appointment Date	18.01.2011
Nationality	FINLAND	Function	Procurist

Name	Linnamäki Markku Tapio
Date of Birth	16.10.1958	Appointment Date	18.01.2011
Nationality	FINLAND	Function	Procurist

Name	Hakulinen Tiia Satu Susanna
Date of Birth	24.07.1975	Appointment Date	18.01.2011
Nationality	FINLAND	Function	Procurist

Name	Wänttinen Tuija Ainikki
Date of Birth	12.04.1964	Appointment Date	30.06.2010
Nationality	FINLAND	Function	Authority to sign

Name	Nenonen Juha Hjalmar
Date of Birth	16.11.1952	Appointment Date	18.01.2011
Nationality	FINLAND	Function	Procurist

Name	Lönnberg Nils-Erik Johan
Date of Birth	27.10.1949	Appointment Date	18.01.2011
Nationality	FINLAND	Function	Procurist

Name	von Pfaler Pi Johanna
Date of Birth	14.09.1970	Appointment Date	18.01.2011
Nationality	FINLAND	Function	Procurist

Name	Hågensen Eeva Kaarina
Date of Birth	29.03.1952	Appointment Date	18.01.2011
Nationality	FINLAND	Function	Procurist

Name	Häme Elina Maaria
Date of Birth	28.06.1975	Appointment Date	18.01.2011
Nationality	FINLAND	Function	Procurist

Name	Lifflander Saara Ilona Maria
Date of Birth	18.02.1979	Appointment Date	18.01.2011
Nationality	FINLAND	Function	Procurist

Name	Linkomo Pirkko-Liisa
Date of Birth	23.06.1949	Appointment Date	18.01.2011
Nationality	FINLAND	Function	Procurist

Name	Alkio Marja Kristiina
Date of Birth	25.06.1970	Appointment Date	18.01.2011
Nationality	FINLAND	Function	Procurist

Name	Dahlberg Heidi Margaretha
Date of Birth	29.02.1968	Appointment Date	18.01.2011
Nationality	FINLAND	Function	Procurist

Name	Railio Tiina Hannele
Date of Birth	11.11.1961	Appointment Date	18.01.2011
Nationality	FINLAND	Function	Procurist

Name	Ryysy Kaisa Marjatta
Date of Birth	16.01.1966	Appointment Date	18.01.2011
Nationality	FINLAND	Function	Procurist

Name	Svensk Pia Annika
Date of Birth	26.02.1969	Appointment Date	18.01.2011
Nationality	FINLAND	Function	Procurist

Name	Okkonen Terhi Päivikki
Date of Birth	11.09.1961	Appointment Date	30.06.2010
Nationality	FINLAND	Function	Authority to sign

Name	Vähähyyppä Simo Pekka
Date of Birth	24.09.1960	Appointment Date	30.06.2010
Nationality	FINLAND	Function	Authority to sign

Name	Tuomala Heini Annika
Date of Birth	19.09.1969	Appointment Date	18.01.2011
Nationality	FINLAND	Function	Procurist

Name	Heinonen-Erander Heidi Irmeli
Date of Birth	03.12.1960	Appointment Date	18.01.2011
Nationality	FINLAND	Function	Procurist

Name	Laurila Päivi Kaarina
Date of Birth	22.04.1963	Appointment Date	18.01.2011
Nationality	FINLAND	Function	Procurist

Name	Hautala Anu Elina
Date of Birth	22.02.1964	Appointment Date	18.01.2011
Nationality	FINLAND	Function	Procurist

Name	Romanainen Maisa Annukka
Date of Birth	11.06.1967	Appointment Date	18.01.2011
Nationality	FINLAND	Function	Procurist

Name	Sarkomaa Petri Juhani
Date of Birth	01.02.1967	Appointment Date	18.01.2011
Nationality	FINLAND	Function	Procurist

Name	Savolainen Sari-Maarit Johanna
Date of Birth	25.12.1965	Appointment Date	18.01.2011
Nationality	FINLAND	Function	Procurist

Name	Mansikka-Mikkola Eva Kaarina
Date of Birth	11.05.1955	Appointment Date	18.01.2011
Nationality	FINLAND	Function	Procurist

Name	Pirttijärvi Heini Maria
Date of Birth	15.02.1966	Appointment Date	18.01.2011
Nationality	FINLAND	Function	Procurist

Name	Söderholm Raija-Leena
Date of Birth	07.09.1957	Appointment Date	18.01.2011
Nationality	FINLAND	Function	Procurist

Name	Veijalainen Lauri Sakari
Date of Birth	28.06.1968	Appointment Date	18.01.2011
Nationality	FINLAND	Function	Procurist

Name	Hellman Pirjo Katriina
Date of Birth	28.02.1951	Appointment Date	18.01.2011
Nationality	FINLAND	Function	Procurist

Name	Hämäläinen Vesa Esko Olavi
Date of Birth	29.07.1967	Appointment Date	18.01.2011
Nationality	FINLAND	Function	Procurist

Name	Janhunen Tiina Kaarina
Date of Birth	16.07.1964	Appointment Date	18.01.2011
Nationality	FINLAND	Function	Procurist

Name	Kourujärvi Iiro Antero
Date of Birth	27.07.1970	Appointment Date	18.01.2011
Nationality	FINLAND	Function	Procurist

Name	Elovaara Anne Kaarina
Date of Birth	30.10.1960	Appointment Date	18.01.2011
Nationality	FINLAND	Function	Procurist

Name	Saarto Harri Tapio
Date of Birth	04.04.1967	Appointment Date	18.01.2011
Nationality	FINLAND	Function	Procurist

Name	Salmi Jarmo Esa Olavi
Date of Birth	02.10.1966	Appointment Date	18.01.2011
Nationality	FINLAND	Function	Procurist

Name	Lönnroth-Laaksonen Merja Sinikka
Date of Birth	09.04.1951	Appointment Date	18.01.2011
Nationality	FINLAND	Function	Procurist

Name	Manninen Kirsti Kaarina
Date of Birth	21.07.1948	Appointment Date	18.01.2011
Nationality	FINLAND	Function	Procurist

Name	Virtanen Ari Pentti
Date of Birth	14.12.1962	Appointment Date	18.01.2011
Nationality	FINLAND	Function	Procurist

Name	Kiukas Riitta Helena
Date of Birth	28.02.1964	Appointment Date	18.01.2011
Nationality	FINLAND	Function	Procurist

Name	Kurki Raija Markareetta
Date of Birth	25.07.1955	Appointment Date	18.01.2011
Nationality	FINLAND	Function	Procurist

Name	Lindholm Anna Maria
Date of Birth	08.04.1963	Appointment Date	18.01.2011
Nationality	FINLAND	Function	Procurist

Name	Haajanen Antti Aimo Sakari
Date of Birth	04.11.1967	Appointment Date	18.01.2011
Nationality	FINLAND	Function	Procurist

Name	Oksanen Juha Olavi
Date of Birth	02.08.1956	Appointment Date	30.06.2010
Nationality	FINLAND	Function	Authority to sign

Name	Vartila Eija Irmeli
Date of Birth	29.01.1961	Appointment Date	30.06.2010
Nationality	FINLAND	Function	Authority to sign

Name	Essunger Anna Ingrid
Date of Birth	18.02.1961	Appointment Date	18.01.2011
Nationality	SWEDEN	Function	Procurist

Name	Naulapää Reijo Jukka
Date of Birth	12.07.1966	Appointment Date	18.01.2011
Nationality	FINLAND	Function	Procurist

Name	Niemi Teija Karita
Date of Birth	04.09.1961	Appointment Date	18.01.2011
Nationality	FINLAND	Function	Procurist

Name	Pesonen Tuija Helinä
Date of Birth	24.08.1962	Appointment Date	18.01.2011
Nationality	FINLAND	Function	Procurist

Name	Hietanen Päivi Marketta
Date of Birth	02.12.1964	Appointment Date	18.01.2011
Nationality	FINLAND	Function	Procurist

Name	Höglund Björn Henrik
Date of Birth	07.04.1972	Appointment Date	18.01.2011
Nationality	FINLAND	Function	Procurist

Name	Laine Luisa Marjaana
Date of Birth	17.01.1963	Appointment Date	18.01.2011
Nationality	FINLAND	Function	Procurist

Name	Korhonen Pentti Antero
Date of Birth	03.04.1959	Appointment Date	30.06.2010
Nationality	FINLAND	Function	Authority to sign

Name	Pyykkö-Tuominen Pirjo Hannele
Date of Birth	27.04.1963	Appointment Date	30.06.2010
Nationality	FINLAND	Function	Authority to sign

Financial Statement

Year

2010

2009

Holding Company	-	Companies in Group	45
Ultimate Holding Company	STOCKMANN OYJ ABP	Ownership Status	Ultimately Owned

Subsidiaries

Company Name	Country	Trade Registry Number	Business ID	Latest Key Financials	Ownership
SIA STOCKMANN CENTRS	LATVIA	-	-	-	63%
SIA STOCKMANN	LATVIA	-	-	-	100%
UAB STOCKMANN	LITHUANIA	-	-	-	100%
STOCKMANN SVERIGE AB	SWEDEN	-	-	-	100%
TF-AUTOKESKUS OY	FINLAND	474878	08161546	-	100%
ESPOON AUTOTALO OY	FINLAND	478404	08152009	-	100%
MANNERHEIMINTIEN PYSÄKÖINTILAITOS KOY	FINLAND	-	20915064	31.12.2009	100%
STÄVÖ KIINT OY	FINLAND	752802	15132639	-	100%
FRIISINKESKUS II KIINT OY	FINLAND	569871	09487871	-	100%
Z-FASHION FINLAND OY	FINLAND	90297	15444413	31.12.2009	100%
OY SUOMEN PÄÄOMARAHOITUS - FINLANDS KAPITALFINANS AB	FINLAND	427849	07414337	31.12.2009	100%
OY STOCKMANN RUSSIA HOLDING AB	FINLAND	422079	07230642	31.12.2006	100%
OY HULLUT PÄIVÄT - GALNA DAGARNA AB	FINLAND	414477	07109324	-	100%
KIINTEISTÖ OY MUUNTAJANKATU 4	FINLAND	336917	05756202	31.12.2008	100%
OY HOBBY HALL AB	FINLAND	164546	01955765	31.12.2009	100%
SEPPÄLÄ OY	FINLAND	244326	01138757	31.12.2009	100%
TOV STOCKMANN	UKRAINE	-	-	-	100%
OOO STOCKMANN STP CENTRE	RUSSIAN FEDERATION	-	-	-	100%
STOCKMANN AS	ESTONIA	-	-	-	100%

Minority Shares

Company Name	Country	Trade Registry Number	Business ID	Latest Key Financials	Ownership
TUKO LOGISTICS OY	FINLAND	524472	08586755	31.12.2009	10%
KIINTEISTÖ OY TAPIOLAN SÄÄSTÖTAMMI FASTIGHETS AB	FINLAND	286537	04237902	31.12.2008	38%
KIINTEISTÖ OY RAITINKARTANO	FINLAND	250840	02966909	31.12.2008	16%

Group Structure

Company Name	Country	Trade Registry Number	Business ID	Latest Key Financials	Ownership
LINDEX INDIA PRIVATE LTD	INDIA	-	-	-	100%
SHANGHAI LINDEX CONSULTING COMPANY LTD	CHINA	-	-	-	100%
LINDEX HK LTD	CHINA	-	-	-	99%
LINDEX SIA	LATVIA	-	-	-	100%
SIA STOCKMANN CENTRS	LATVIA	-	-	-	63%
SIA STOCKMANN	LATVIA	-	-	-	100%
LINDEX UAB	LITHUANIA	-	-	-	100%
UAB STOCKMANN	LITHUANIA	-	-	-	100%
LINDEX AS	NORWAY	-	-	-	100%
AB ESPEVIK	SWEDEN	-	-	-	100%
LINDEX SVERIGE AB	SWEDEN	-	-	-	100%
STOCKMANN SVERIGE AB	SWEDEN	-	-	-	100%
LINDEX AB	SWEDEN	-	-	-	100%
HOBBY HALL AB	SWEDEN	-	-	-	100%
IT WILL BE FIT AB	SWEDEN	-	-	-	100%
LINDEX FINANCIAL SERVICES AB	SWEDEN	-	-	-	100%
ESPEVIK I SVERIGE AB	SWEDEN	-	-	-	100%
TUKO LOGISTICS OY	FINLAND	524472	08586755	31.12.2009	10%
TF-AUTOKESKUS OY	FINLAND	474878	08161546	-	100%
ESPOON AUTOTALO OY	FINLAND	478404	08152009	-	100%
STOCKMANN SVERIGE AB, SUOMEN SIVULIIKE	FINLAND	-	21525367	-	100%
MANNERHEIMINTIEN PYSÄKÖINTILAITOS KOY	FINLAND	-	20915064	31.12.2009	100%
STÄVÖ KIINT OY	FINLAND	752802	15132639	-	100%
FRIISINKESKUS II KIINT OY	FINLAND	569871	09487871	-	100%
Z-FASHION FINLAND OY	FINLAND	90297	15444413	31.12.2009	100%
OY STOCKMANN RUSSIA FINANCE AB	FINLAND	448535	07569558	31.12.2008	100%
OY SUOMEN PÄÄOMARAHOITUS - FINLANDS KAPITALFINANS AB	FINLAND	427849	07414337	31.12.2009	100%
OY STOCKMANN RUSSIA HOLDING AB	FINLAND	422079	07230642	31.12.2006	100%
OY HULLUT PÄIVÄT - GALNA DAGARNA AB	FINLAND	414477	07109324	-	100%
LINDEX OY	FINLAND	401490	06724093	31.12.2010	100%
KIINTEISTÖ OY MUUNTAJANKATU 4	FINLAND	336917	05756202	31.12.2008	100%
KIINTEISTÖ OY TAPIOLAN SÄÄSTÖTAMMI FASTIGHETS AB	FINLAND	286537	04237902	31.12.2008	38%
BULLWORKER MYYNTI OY	FINLAND	286174	03691513	-	100%
KIINTEISTÖ OY RAITINKARTANO	FINLAND	250840	02966909	31.12.2008	16%
OY HOBBY HALL AB	FINLAND	164546	01955765	31.12.2009	100%
SEPPÄLÄ OY	FINLAND	244326	01138757	31.12.2009	100%
LINDEX SRO	CZECH REPUBLIC	-	-	-	100%
TOV STOCKMANN	UKRAINE	-	-	-	100%
OOO STOCKMANN STP CENTRE	RUSSIAN FEDERATION	-	-	-	100%
ZAO STOCKMANN	RUSSIAN FEDERATION	-	-	-	100%
ZAO KALINKA-STOCKMANN STP	RUSSIAN FEDERATION	-	-	-	100%
ZAO KALINKA-STOCKMANN	RUSSIAN FEDERATION	-	-	-	100%
LINDEX AS	ESTONIA	-	-	-	100%
STOCKMANN AS	ESTONIA	-	-	-	100%
LINDEX SRO	CZECH REPUBLIC	-	-	-	100%

Bottom of Form

FOREIGN EXCHANGE RATES

Currency	Unit	Indian Rupees
US Dollar	1	Rs.44.91
UK Pound	1	Rs.73.06
Euro	1	Rs.64.03

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

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.