MIRA
INFORM REPORT
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Report Date : |
18.10.2011 |
IDENTIFICATION DETAILS
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Name : |
ROFIN-SINAR LASER GMBH |
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Registered Office : |
Berzeliusstrasse 87 Hamburg, 22113 |
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Country : |
Germany |
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Financials (as on) : |
30.09.2009 |
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Date of Incorporation : |
21.05.1975 |
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Com. Reg. No.: |
18044 |
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Legal Form : |
Private Subsidiary |
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Line of Business : |
Manufacture of other metalworking machine tools |
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 : |
Satisfactory |
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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 30, 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 and address
ROFIN-SINAR Laser GmbH
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Business
Description
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ROFIN-SINAR Laser GmbH is primarily engaged in manufacture of
electronic instruments and appliances for measuring, checking, testing,
navigating and other purposes, except industrial process control equipment;
and manufacture of non-electronic instruments and appliances for measuring,
checking, testing, navigating and other purposes, except industrial process
control equipment. |
Industry
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Industry |
Miscellaneous Capital Goods |
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ANZSIC 2006: |
2463 - Machine Tool and Parts
Manufacturing |
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NACE 2002: |
2942 - Manufacture of other metalworking
machine tools |
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NAICS 2002: |
333518 - Other Metalworking Machinery
Manufacturing |
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UK SIC 2003: |
2942 - Manufacture of other metalworking
machine tools |
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US SIC 1987: |
3549 - Metalworking Machinery, Not
Elsewhere Classified |
Key Executives
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1 - Profit &
Loss Item Exchange Rate: USD 1 = EUR 0.7397102
2 - Balance Sheet Item Exchange Rate: USD 1 = EUR 0.6841349
Corporate Overview
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Corporate Structure News
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ROFIN-SINAR
Laser GmbH |
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Company Name |
Company Type |
Location |
Country |
Industry |
Sales |
Employees |
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Parent |
Plymouth, MI |
United States |
Miscellaneous Capital Goods |
423.6 |
2,059 |
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Subsidiary |
Hamburg |
Germany |
Miscellaneous Capital Goods |
137.6 |
430 |
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Subsidiary |
Starnberg |
Germany |
Medical Equipment and Supplies |
64.8 |
250 |
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Subsidiary |
Starnberg, Bayern |
Germany |
Electronic Instruments and Controls |
|
35 |
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Subsidiary |
Monza, Milano (Milan) |
Italy |
Miscellaneous Capital Goods |
23.6 |
48 |
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Subsidiary |
Lisses |
France |
Construction and Agriculture Machinery |
14.2 |
34 |
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Subsidiary |
East Granby, CT |
United States |
Miscellaneous Capital Goods |
|
70 |
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Subsidiary |
Devens, MA |
United States |
Electronic Instruments and Controls |
20.0 |
50 |
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Subsidiary |
Orlando, FL |
United States |
Electronic Instruments and Controls |
11.7 |
50 |
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Subsidiary |
Landing, NJ |
United States |
Electronic Instruments and Controls |
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50 |
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Subsidiary |
Gwatt (Thun), Berne |
Switzerland |
Electronic Instruments and Controls |
0.8 |
35 |
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Subsidiary |
Plymouth, MI |
United States |
Electronic Instruments and Controls |
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Subsidiary |
Tucson, AZ |
United States |
Electronic Instruments and Controls |
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12 |
Executives Report
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Annual Profit
& Loss
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|
30-Sep-2009 |
30-Sep-2008 |
30-Sep-2007 |
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Period Length |
12 Months |
12 Months |
12 Months |
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Filed Currency |
EUR |
EUR |
EUR |
|
Exchange Rate
(Period Average) |
0.73971 |
0.666382 |
0.752073 |
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Consolidated |
No |
No |
No |
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Total income |
137.6 |
280.4 |
224.9 |
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Net sales |
137.6 |
280.4 |
224.9 |
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Other operating income |
5.5 |
2.4 |
0.1 |
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Cost of sales |
92.6 |
179.9 |
146.7 |
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Gross profit |
44.9 |
100.5 |
78.2 |
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Advertising, distribution, and commercial expenses |
15.2 |
18.6 |
15.7 |
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General expenses |
5.5 |
6.4 |
5.0 |
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Other operating costs |
16.4 |
23.7 |
15.6 |
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Net operating income |
13.4 |
54.2 |
42.0 |
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Interest received from loans |
15.3 |
18.9 |
12.4 |
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Other income |
1.7 |
3.5 |
2.5 |
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Interest payable on loans |
0.9 |
1.2 |
1.4 |
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Total expenses |
-16.2 |
-21.1 |
-13.6 |
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Profit before tax |
29.6 |
75.3 |
55.6 |
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Provisions |
19.2 |
26.8 |
42.7 |
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Total taxation |
4.5 |
18.9 |
20.3 |
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Net profit |
25.0 |
56.4 |
35.2 |
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Annual Balance
Sheet |
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Financials in:
USD (mil) |
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30-Sep-2009 |
30-Sep-2008 |
30-Sep-2007 |
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Filed Currency |
EUR |
EUR |
EUR |
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Exchange Rate |
0.684135 |
0.711921 |
0.703161 |
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Consolidated |
No |
No |
No |
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Issued capital |
3.1 |
3.0 |
3.0 |
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Capital reserves |
43.4 |
41.7 |
42.3 |
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Other reserves |
0.0 |
0.0 |
0.0 |
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Total reserves |
0.0 |
0.0 |
0.0 |
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Profits for the year |
190.3 |
192.0 |
150.0 |
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Total stockholders equity |
236.9 |
236.7 |
195.3 |
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Deferred taxation |
0.6 |
3.2 |
24.7 |
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Other provisions |
9.4 |
12.1 |
11.9 |
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Provision for pensions |
10.8 |
9.9 |
9.1 |
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Provisions and allowances |
20.8 |
25.1 |
45.7 |
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Other debentures |
- |
- |
6.4 |
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Total long-term liabilities |
- |
- |
6.4 |
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Trade creditors |
4.7 |
7.3 |
6.7 |
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Other loans |
- |
3.5 |
2.5 |
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Taxation and social security |
5.2 |
7.0 |
7.2 |
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Due to group companies |
2.3 |
2.7 |
2.2 |
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Total current liabilities |
12.2 |
20.5 |
18.6 |
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Total liabilities (including net worth) |
269.9 |
282.2 |
265.9 |
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Patents |
1.0 |
1.1 |
1.1 |
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Intangibles |
1.0 |
1.1 |
1.1 |
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Land and buildings |
10.3 |
10.3 |
9.4 |
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Machinery and tools |
1.5 |
1.2 |
0.8 |
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Fixtures and equipment |
10.3 |
10.3 |
9.4 |
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Fixed assets under construction |
- |
0.7 |
0.6 |
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Total tangible fixed assets |
15.7 |
16.1 |
13.5 |
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Shares held in associated companies |
79.8 |
76.3 |
76.7 |
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Total financial assets |
79.8 |
76.3 |
76.7 |
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Total non-current assets |
96.5 |
93.4 |
91.4 |
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Net stocks and work in progress |
41.4 |
47.6 |
48.8 |
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Trade debtors |
25.1 |
39.6 |
34.1 |
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Other receivables |
1.7 |
1.5 |
2.8 |
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Total receivables |
84.9 |
100.7 |
75.2 |
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Owing from associated companies |
58.1 |
59.6 |
38.3 |
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Cash and liquid assets |
47.0 |
40.4 |
50.5 |
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Total current assets |
173.3 |
188.7 |
174.4 |
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Prepaid expenses and deferred costs |
0.1 |
0.1 |
0.1 |
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Total assets |
269.9 |
282.2 |
265.9 |
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Annual Ratios |
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Financials in:
USD (mil) |
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|
30-Sep-2009 |
30-Sep-2008 |
30-Sep-2007 |
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Period Length |
12 Months |
12 Months |
12 Months |
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Filed Currency |
EUR |
EUR |
EUR |
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Exchange Rate |
0.684135 |
0.711921 |
0.703161 |
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Consolidated |
No |
No |
No |
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Current ratio |
141.64 |
92.10 |
93.83 |
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Acid test ratio |
107.79 |
68.88 |
67.57 |
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Total liabilities to net worth |
0.01% |
0.01% |
0.01% |
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Net worth to total assets |
0.09% |
0.08% |
0.07% |
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Current liabilities to net worth |
0.01% |
0.01% |
0.01% |
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Current liabilities to stock |
0.03% |
0.04% |
0.04% |
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Fixed assets to net worth |
0.04% |
0.04% |
0.05% |
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Collection period |
617.00 |
551.00 |
518.00 |
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Stock turnover rate |
2.78 |
1.81 |
2.03 |
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Profit margin |
0.02% |
0.02% |
0.02% |
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Return on assets |
0.01% |
0.02% |
0.01% |
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Shareholders' return |
0.01% |
0.02% |
0.02% |
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Sales per employee |
23.23 |
43.46 |
41.25 |
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Profit per employee |
4.23 |
8.74 |
6.46 |
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Net worth |
236.9 |
236.7 |
195.3 |
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Number of employees |
438 |
430 |
410 |
FOREIGN EXCHANGE RATES
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Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.48.89 |
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|
1 |
Rs.77.31 |
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Euro |
1 |
Rs.67.79 |
RATING EXPLANATIONS
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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>86 |
Aaa |
Possesses an extremely sound financial base with the strongest
capability for timely payment of interest and principal sums |
Unlimited |
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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 |
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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 |
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41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
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26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
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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 |
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<10 |
C |
Absolute credit risk exists. Caution needed to be exercised |
Credit not
recommended |
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-- |
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.