MIRA INFORM REPORT
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Report Date : |
25.11.2011 |
IDENTIFICATION DETAILS
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Name : |
KLINGELNBERG GMBH |
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Registered Office : |
Peterstrasse 45, Huckeswagen, 42499 |
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Country : |
Germany |
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Financials (as on) : |
31.03.2010 |
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Date of Incorporation : |
30.08.1996 |
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Com. Reg. No.: |
37950 |
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Legal Form : |
Private Independent Company |
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Line of Business : |
manufacture of machine
tools for working metal operated by laser |
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No. of Employees
: |
830 Persons |
RATING & COMMENTS
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MIRA’s Rating : |
Ba |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
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Status : |
Good |
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Payment
Behaviour : |
No Complaints |
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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 – September 30th, 2011
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Country Name |
Previous Rating (30.06.2011) |
Current Rating (30.09.2011) |
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Germany |
a1 |
a1 |
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Risk Category |
ECGC
Classification |
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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
Klingelnberg GmbH
Peterstrasse 45
Huckeswagen, 42499
Germany
Tel: +49 (0) 2192 810
Fax: +49 (0) 2192 81200
Web: www.klingelnberg.com
Synthesis
Employees: 830
Company Type: Private Independent
Incorporation Date:
30-Aug-1996
Financials in: USD
(Millions)
Fiscal Year End:
31-Mar-2010
Reporting Currency: Euro
Annual Sales: 162.6
Total Assets: 135.2
Business Description
Klingelnberg GmbH
is primarily engaged in manufacture of machine tools for working metal operated
by laser and the like: machining centres and the like; manufacture of lathes,
boring and milling machines for working metals; manufacture of other machine
tools for working metal; and manufacture of parts and accessories for
metalworking machine-tools.
Industry
Industry Miscellaneous Capital Goods
ANZSIC 2006: 2463 - Machine
Tool and Parts Manufacturing
NACE 2002: 2942 - Manufacture
of other metalworking machine tools
NAICS 2002: 33351 -
Metalworking Machinery Manufacturing
UK SIC 2003: 2942 - Manufacture
of other metalworking machine tools
US SIC 1987: 3545 - Cutting
Tools, Machine Tool Accessories, and Machinists' Precision Measuring Devices
Key Executives
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Name |
Title |
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Tomas Kirchenfauth |
Co-Geschaftsfuhrer |
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Jan Klingelnberg |
Co-Geschaftsfuhrer |
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Manfred Jung |
Leiter-EDV |
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Stefan Lang |
Leiter-Personal |
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Diether Klingelnberg |
Vorsitzender des Aufsichtsrates |
Registered No.(DEU): 37950
1 - Profit & Loss Item Exchange Rate: USD 1 = EUR 0.7086099
2 - Balance Sheet Item Exchange Rate: USD 1 = EUR 0.7390437
Corporate Overview
Location
Peterstrasse 45
Huckeswagen, 42499
Germany
Tel: +49 (0) 2192 810
Fax: +49 (0) 2192 81200
Web: www.klingelnberg.com
Sales EUR(mil): 115.2
Assets EUR(mil): 99.9
Employees: 830
Fiscal Year End: 31-Mar-2010
Industry: Miscellaneous Capital Goods
Incorporation Date: 30-Aug-1996
Company Type: Private Independent
Quoted Status: Not Quoted
Registered No.(DEU): 37950
Co-Geschaftsfuhrer: Tomas
Kirchenfauth
Contents
· Industry Codes
· Business Description
· Financial Data
· Key Corporate Relationships
Industry Codes
ANZSIC 2006 Codes:
2463 - Machine Tool and Parts Manufacturing
2419 - Other Professional and Scientific Equipment Manufacturing
2439 - Other Electrical Equipment Manufacturing
NACE 2002 Codes:
2914 - Manufacture of bearings, gears, gearing and driving
elements
2942 - Manufacture of other metalworking machine tools
3320 - Manufacture of instruments and appliances for measuring,
checking, testing, navigating and other purposes, except industrial process
control equipment
2951 - Manufacture of machinery for metallurgy
NAICS 2002 Codes:
334513 - Instrument's and Related Products Manufacturing for
Measuring, Displaying, and Controlling Industrial Process Variable
333613 - Mechanical Power Transmission Equipment Manufacturing
33351 - Metalworking Machinery Manufacturing
333516 - Rolling Mill Machinery and Equipment Manufacturing
US SIC 1987:
3823 - Industrial Instruments for Measurement, Display, and
Control of Process Variables; and Related Products
3568 - Mechanical Power Transmission Equipment, Not Elsewhere
Classified
3545 - Cutting Tools, Machine Tool Accessories, and Machinists'
Precision Measuring Devices
3547 - Rolling Mill Machinery and Equipment
UK SIC 2003:
2914 - Manufacture of bearings, gears, gearing and driving
elements
2942 - Manufacture of other metalworking machine tools
3320 - Manufacture of instruments and appliances for measuring,
checking, testing, navigating and other purposes, except industrial process
control equipment
2951 - Manufacture of machinery for metallurgy
Business
Description
Klingelnberg GmbH
is primarily engaged in manufacture of machine tools for working metal operated
by laser and the like: machining centres and the like; manufacture of lathes,
boring and milling machines for working metals; manufacture of other machine
tools for working metal; and manufacture of parts and accessories for
metalworking machine-tools.
More Business
Descriptions
Metalworking Machinery Manufacturing
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Executive report
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Board of
Directors |
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Vorsitzender des Aufsichtsrates |
Chairman |
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Executives |
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Co-Geschaftsfuhrer |
Chief Executive Officer |
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Co-Geschaftsfuhrer |
Chief Executive Officer |
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Co-Geschaftsfuhrer |
Chief Executive Officer |
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Leiter-Personal |
Human Resources Executive |
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Leiter-EDV |
Information Executive |
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Press Clippings
Klingelnberg GmbH Files Patent Application for
Device and Method for Green Machining Bevel Gears
Indian Patent News
21 March 2011
[What follows is the full text of the article.]
New Delhi, March
21 -- Germany based Klingelnberg GmbH filed patent application for device and
method for green machining bevel gears. The inventors are Hartmuth Muller,
Joachim Thomas, Karl-Martin Ribbeck, Burkhard Scheider and Dietmar Loh.
Klingelnberg GmbH
filed the patent application on July 19, 2007. The patent application number is
5590/DELNP/2007 A. The international classification number is B23F17/00.
According to the
Controller General of Patents, Designs & Trade Marks, "The invention
relates to a device for green machining bevel gears, comprising an CNC
machining station for gear cutting a wheel blank. The machining station
comprises a tool spindle which is used to receive a gear cutting tool and a
work-piece spindle which is used to receive the wheel blank Said machining
station also relates to a machining station which operates in a vertical
manner. Said device also comprises a vertically processing station which
comprises a tool holder and a work piece spindle which is used to receive a
work piece blank. Said machining station mechanically forms a functional unit
together with the pre-machining station, wherein the work piece blank undergoes
green machining in the pre-machining station, in order to transfer to the first
machining station after the first green machining as a wheel blank and then it
is to be cut. Said machining station and the pre-machining station are linked
together in terms of data and control."
About the company
Klingelnberg GmbH
develops, manufactures, and sells gear production machinery and related
equipment. The company offers spiral bevel gear cutting machines, spiral bevel
gear grinding machines, worm and thread grinding machines, tool sharpening and
grinding machines, gear measuring machines, and job gearing for spiral bevel
gears. It serves customers in automotive, truck, aircraft, agriculture,
construction, power tool, and marine industries. The company was founded in
1863 and is based in Hueckeswagen, Germany. It has locations in Huckeswagen and
Ettlingen, Germany; Gyor, Hungary; and Zurich, Switzerland, as well as sales
branches in Italy, France, Spain, Belgium, and Japan. Klingelnberg GmbH
operates as a subsidiary of Klingelnberg AG.
Annual
Profit & Loss
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|
31-Mar-2010 |
31-Mar-2009 |
31-Mar-2008 |
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Period Length |
12 Months |
12 Months |
12 Months |
|
Filed Currency |
EUR |
EUR |
EUR |
|
Exchange Rate
(Period Average) |
0.70861 |
0.707647 |
0.707132 |
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Consolidated |
No |
No |
No |
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Total income |
162.6 |
239.0 |
180.8 |
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Raw materials and services |
49.6 |
86.0 |
68.7 |
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Net sales |
162.6 |
239.0 |
180.8 |
|
Change in stock |
-3.3 |
-4.6 |
15.0 |
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Own work capitalised |
4.1 |
9.6 |
5.1 |
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Other operating income |
1.9 |
2.6 |
2.1 |
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Raw materials and consumables employed |
49.6 |
86.0 |
68.7 |
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Other external charges |
8.0 |
21.4 |
16.9 |
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Cost of goods sold |
57.6 |
107.4 |
85.6 |
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Cost of raw materials |
57.6 |
107.4 |
85.6 |
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Taxes and social security costs |
10.6 |
11.4 |
9.8 |
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Total payroll costs |
62.2 |
73.1 |
59.0 |
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Fixed asset depreciation and amortisation |
10.3 |
7.7 |
6.8 |
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Other operating costs |
62.7 |
75.9 |
62.4 |
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Net operating income |
3.9 |
20.4 |
20.5 |
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Other income |
0.1 |
0.1 |
0.1 |
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Interest payable on loans |
3.4 |
4.3 |
3.6 |
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Other expenses |
- |
- |
0.1 |
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Total expenses |
3.3 |
4.2 |
3.6 |
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Profit before tax |
0.6 |
16.1 |
16.9 |
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Provisions |
42.5 |
37.6 |
34.7 |
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Extraordinary expenses |
- |
0.4 |
- |
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Extraordinary result |
- |
-0.4 |
- |
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Other taxes |
0.1 |
0.1 |
0.1 |
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Total taxation |
0.2 |
5.5 |
5.2 |
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Net profit |
0.3 |
10.1 |
11.6 |
Annual Balance Sheet
Financials in: USD
(mil)
|
|
31-Mar-2010 |
31-Mar-2009 |
31-Mar-2008 |
|
Filed Currency |
EUR |
EUR |
EUR |
|
Exchange Rate |
0.739044 |
0.753182 |
0.631094 |
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Consolidated |
No |
No |
No |
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Issued capital |
20.8 |
20.4 |
24.3 |
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Capital reserves |
13.7 |
13.5 |
16.1 |
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Profits for the year |
19.0 |
18.3 |
10.5 |
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Total stockholders equity |
53.4 |
52.1 |
50.9 |
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Deferred taxation |
0.9 |
1.0 |
7.4 |
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Other provisions |
28.9 |
23.7 |
19.0 |
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Provision for pensions |
10.9 |
10.6 |
12.5 |
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Provisions and allowances |
40.8 |
35.3 |
38.9 |
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Other debentures |
10.9 |
12.9 |
18.1 |
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Owing to group/associated companies |
10.8 |
10.6 |
13.1 |
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Total long-term liabilities |
21.7 |
23.6 |
31.2 |
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Trade creditors |
10.4 |
9.2 |
14.4 |
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Advances received |
2.5 |
4.4 |
8.8 |
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Other loans |
2.3 |
4.2 |
6.6 |
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Taxation and social security |
2.2 |
5.8 |
2.5 |
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Due to group companies |
1.8 |
24.7 |
29.5 |
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Total current liabilities |
19.2 |
48.3 |
61.9 |
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Total liabilities (including net worth) |
135.2 |
159.3 |
182.9 |
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Patents |
1.0 |
1.5 |
2.0 |
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Goodwill |
0.1 |
0.1 |
0.2 |
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Intangibles |
1.1 |
1.6 |
2.2 |
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Land and buildings |
33.6 |
33.7 |
38.6 |
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Machinery and tools |
24.6 |
23.2 |
15.2 |
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Fixtures and equipment |
33.6 |
33.7 |
38.6 |
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Fixed assets under construction |
0.0 |
4.4 |
4.0 |
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Total tangible fixed assets |
63.7 |
67.0 |
62.4 |
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Shares held in associated companies |
- |
0.0 |
0.0 |
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Deposits |
0.0 |
0.0 |
0.0 |
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Total financial assets |
0.0 |
0.0 |
0.1 |
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Total non-current assets |
64.8 |
68.7 |
64.6 |
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Net stocks and work in progress |
43.3 |
51.6 |
68.6 |
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Trade debtors |
22.3 |
32.4 |
40.6 |
|
Other receivables |
2.2 |
3.7 |
4.3 |
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Total receivables |
26.5 |
38.4 |
48.2 |
|
Owing from associated companies |
2.0 |
2.4 |
3.3 |
|
Cash and liquid assets |
0.3 |
0.3 |
0.9 |
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Total current assets |
70.1 |
90.3 |
117.7 |
|
Prepaid expenses and deferred costs |
0.3 |
0.4 |
0.6 |
|
Total assets |
135.2 |
159.3 |
182.9 |
Annual Ratios
Financials in: USD
(mil)
|
|
31-Mar-2010 |
31-Mar-2009 |
31-Mar-2008 |
|
Period Length |
12 Months |
12 Months |
12 Months |
|
Filed Currency |
EUR |
EUR |
EUR |
|
Exchange Rate |
0.739044 |
0.753182 |
0.631094 |
|
Consolidated |
No |
No |
No |
|
|
|
|
|
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Current ratio |
36.43 |
18.70 |
19.01 |
|
Acid test ratio |
13.92 |
8.01 |
7.94 |
|
Total liabilities to net worth |
0.08% |
0.14% |
0.18% |
|
Net worth to total assets |
0.04% |
0.03% |
0.03% |
|
Current liabilities to net worth |
0.04% |
0.09% |
0.12% |
|
Current liabilities to stock |
0.04% |
0.09% |
0.09% |
|
Fixed assets to net worth |
0.12% |
0.13% |
0.13% |
|
Collection period |
522.00 |
526.00 |
730.00 |
|
Stock turnover rate |
2.78 |
2.30 |
3.38 |
|
Profit margin |
0.00% |
0.00% |
0.01% |
|
Return on assets |
0.00% |
0.01% |
0.01% |
|
Shareholders' return |
0.00% |
0.02% |
0.03% |
|
Sales per employee |
13.88 |
20.43 |
17.40 |
|
Profit per employee |
0.03 |
0.90 |
1.12 |
|
Average wage per employee |
5.31 |
6.25 |
5.68 |
|
Net worth |
53.4 |
52.1 |
50.9 |
|
Number of employees |
830 |
828 |
735 |
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.52.25 |
|
UK Pound |
1 |
Rs.81.23 |
|
Euro |
1 |
Rs.69.83 |
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.