MIRA
INFORM REPORT
|
Report Date : |
21.10.2011 |
IDENTIFICATION DETAILS
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Name : |
POLYNT SPA |
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Registered Office : |
Via E. Fermi 51 Scanzorosciate, 24020 |
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Country : |
Italy |
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Financials (as on) : |
31.12.2009 |
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Date of Incorporation : |
13.06.2005 |
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Com. Reg. No.: |
04902660960 |
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Legal Form : |
Public Parent |
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Line of Business : |
Manufacture of plastics in primary forms |
RATING & COMMENTS
|
MIRA’s Rating : |
B |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
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Status : |
Moderate |
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Payment Behaviour : |
Unknown |
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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
|
Country Name |
Previous Rating (30.06.2011) |
Current Rating (30.09.2011) |
|
Italy |
A2 |
A2 |
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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
Polynt SpA
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Business
Description
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Research, development, production and marketing of polymer chemical
intermediates such as dibasic acids (malic and fumaric); anhydrides (maleic,
phtalic and trimellitic); unsaturated polyester resins; compunds and
composites |
Industry
|
Industry |
Chemicals - Plastics and Rubber |
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ANZSIC 2006: |
1821 - Synthetic Resin and Synthetic
Rubber Manufacturing |
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NACE 2002: |
2416 - Manufacture of plastics in primary
forms |
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NAICS 2002: |
325211 - Plastics Material and Resin
Manufacturing |
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UK SIC 2003: |
2416 - Manufacture of plastics in primary
forms |
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US SIC 1987: |
2821 - Plastics Materials, Synthetic
Resins, and Nonvulcanizable Elastomers |
Key Executives
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News
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1 - Profit &
Loss Item Exchange Rate: USD 1 = EUR 0.7190468
2 - Balance Sheet Item Exchange Rate: USD 1 = EUR 0.6969855
Corporate Overview
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Corporate Structure News
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Total Corporate
Family Members: 3 |
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Company Name |
Company Type |
Location |
Country |
Industry |
Sales |
Employees |
|
Parent |
Scanzorosciate, BG |
Italy |
Chemicals - Plastics and Rubber |
485.2 |
892 |
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Subsidiary |
Miehlen, Rheinland-Pfalz |
Germany |
Fabricated Plastic and Rubber |
33.3 |
87 |
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Subsidiary |
Brembate Sopra |
Italy |
Chemical Manufacturing |
1.0 |
83 |
Executives Report
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Significant Developments
There were no significant developments matching your query for KeyID
94184282
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Bridgestone
Invests to Build New Plant in Changzhou National High-Tech District
Investment Totals Nearly
PR Newswire US: 01 September 2011
[What follows is the full text of the news story.]
CHANGZHOU, China,
Sept. 1, 2011 /PRNewswire-Asia/ -- On August 26, Changzhou Bridgestone Flowtech
Co., Ltd. laid the foundation stone for its new plant in Changzhou National
High-Tech District, Jiangsu Province. With a total investment of US$49.7
million, the new plant, which will mainly produce oil, gas and hydraulic hoses,
hose assemblies and rubber mixing products, is expected to be completed in June
2012 and start production in October of the same year.
With its
registered capital increased from US$3.2 million to US$24.3 million, the new
plant is jointly invested by Changzhou Bridgestone Flowtech and Bridgestone
(China) Chemical Products Investment. It has a gross floor area of some 70,000
square meters and a construction area of 28,200 square meters. "Given the
strong demand in China, we will try our best to start production ahead of
schedule," a senior company official said in the groundbreaking ceremony.
Upon completion,
the new project will have an annual production capacity of 12,000 kilometers of
air hoses, oil hoses and hydraulic hoses, 7 million hose assemblies and 5,000
tons of rubber mixings, with the annual output value expected to reach 630
million yuan, while profits and taxes are estimated to come to 45 million yuan.
In addition, more than 200 new jobs are expected to be offered by 2015.
Japan-based
Bridgestone Group was ranked 286th on the list of Fortune Global 500 for 2011.
The Group established a wholly-owned subsidiary Changzhou Bridgestone Cycle
Co., Ltd. in Changzhou Hi-Tech District on December 1994, and then set up
another two enterprises involved in auto parts and fluid technology
respectively. �
Changzhou
�Hi-Tech District has attracted many local and overseas investors such as
Germany-based Lanxess, Leoni, BAERLOCHERGMBH, otto bock, hoerbiger, Linde
Group, Switzerland-based Georg Fischer, Mettler Toledo, Rieter Textile
Instrument, US-based Terex, Ashland Chemical, Kohler, Chart, Visteon, Magna
Powertrain, V&M, Disa, Polynt Group, Kymco Motors, Japan-based Komatsu,
Nippon Steel Corp, OKI, Bridgestone, Fujitsu, and Fuji Heavy Industry and so
on.
For more
information, please contact:
Wang Zhongliang
The Publicity Department
Changzhou National High-Tech District
Jiangsu Province 213022
Tel: � +86-519-8512-7305
Fax: � +86-519-8511-5905
Email: w_zongliang@sohu.com
Web: � http://www.czxx.org.cn
SOURCE Changzhou
National Hi-Tech District
Turkey Aksa
Developing Rapidly in China
PR Newswire US: 26 May 2011
[What follows is the full text of the news story.]
CHANGZHOU, China,
May 26, 2011 /PRNewswire-Asia/ -- Turkey Aksa is developing fast in Changzhou
National Hi-tech District(CND), Jiangsu Province, China. Sales reached to
RMB320 million from January to April and are predicted to rise to RMB1billion.
Aksa Power Generation (Changzhou) Co., Ltd has been one of the leaders of
China's and the world's diesel generator market.
Aksa Power
Generation (Changzhou) specializes in product gen-sets. Investment is USD$10
million, factory area is 10,518sqms. In 2007, sales were over RMB100 million
during 6 months of operation. In 2008 Aksa sales were RMB438 million and
benefit achieved was RMB49 million.
On 13th April,
2009, Aksa decided to make additional investment in Changzhou National Hi-tech
District and established Aksa Power Generation (China). This new project
investment is USD$20,000,000 and registered capital is USD$10,255,400 for phase
I specialized producing of power gen-sets and main parts. Annual output will be
more than 20,000 units. The new factory is predicted to go into operation at
the end of 2011 and annual sales will increase RMB 1 billion after operation
totally.
"Rapid
development of China motivates the world economy, and the same to Aksa. �Now
Xi'an airport, many oil fields and Hainan 302 Hospital are using our gen-set.
At present, with our excellent product quality, our products are occupying 50%
of exports to Japan, USA and so on. Aksa is the only Chinese company providing
power generators to Japan," Domestic Sales Director Dogan Sarigul said.
Aksa is
incorporated under the name Kazanci Holding Group. Now this group is building
the biggest generator factory, has 6,500 employees and sales reaching to 4.2
billion USD worldwide in 2010.
Necati Baykal, the
president & CEO of Aksa Power Generation said: "After our investment
in CND, Aksa got much support from Changzhou government. Although financial
crisis impacted all the world, Aksa (Changzhou) Company was still developing
fast and got good return. The excellent investment environment of Changzhou
made us confident to cooperate with the new district government. Our strategic
development objective is be the greatest gen-set manufacturer in the
world."
Changzhou Hi-Tech
District has attracted many local and overseas investors such as Germany-based
Lanxess, Leoni, BAERLOCHERGMBH, otto bock, hoerbiger, Linde Group,
Switzerland-based Georg Fischer, Mettler Toledo, Rieter Textile Instrument,
US-based Terex, Ashland Chemical, Kohler, Chart, Visteon, Magna Powertrain,
V&M, Polynt Group, Kymco Motors, Komatsu, Nippon Steel Corp, OKI,
Bridgestone, Fujitsu, Fuji Heavy Industry and so on.
SOURCE Changzhou
National Hi-Tech District
KSB Valves Invests
in Changzhou National Hi-Tech District, China
Changzhou National Hi-Tech District
China Weekly News: 05 January 2011
[What follows is the full text of the news story.]
Germany-based KSB
Valves recently invested in building a plant at the Changzhou National Hi-Tech
District, in eastern China'sJiangsu Province. The company plans to make
Changzhou its strategic center in China. The new facility is expected to be
completed and put into operation in the middle of next year, with the annual
capacity expected to exceed 15,000 units in the first year and reach 50,000
units in the fourth year.
KSB is one of the
world's leading manufacturers of pumps, valves and related systems. In 2009,
the company had 14,249 employees, and realized sales of 1.891 billion euros.
As part of KSB's
global operation strategy and with an initial investment of US$10 million, the
newly-established KSB Valves (Changzhou) Co., Ltd. will manufacture valves for
energy, shipbuilding and industrial markets both in China and abroad. "We
chose Changzhou National Hi-Tech District as our future valve hub because of
the advantageous geographical location, strong government support and the
district's professional management," a spokesperson for the board of KSB
said.
China is now the
world's largest valve exporter. Leveraging the advantages of Changzhou, which
not only has strong casting and machinery processing capacities but also is
home to the Yangtze River Changzhou Port, a national first-class open port in
China, KSB Valves (Changzhou) Co., Ltd. will build a logistics and storage
center to offer products with competitive pricing and delivery time worldwide.
Changzhou National
Hi-Tech District has attracted many local and overseas investors such as
Germany-based Lanxess, Leoni, BAERLOCHERGMBH, Otto Bock, Hoerbiger, Linde
Group, Switzerland-based Georg Fischer, Mettler Toledo, Rieter Textile
Instrument, US-based Terex, Ashland Chemical, Kohler, Chart, Visteon, Magna
Powertrain, V&M, Disa, Polynt Group, Kymco Motors, Komatsu, Nippon Steel
Corp, OKI, Bridgestone, Fujitsu, and Fuji Heavy Industry, among others.
KSB Valves Invests
in Changzhou National Hi-Tech District, China
Daily Pak Banker (Pakistan): 29 December 2010
[What follows is the full text of the news story.]
Karachi, Dec. 29
-- Germany-based KSB Valves recently invested in building a plant at the
Changzhou National Hi-Tech District, in eastern China'sJiangsu Province. The
company plans to make Changzhou its strategic center in China. The new facility
is expected to be completed and put into operation in the middle of next year,
with the annual capacity expected to exceed 15,000 units in the first year and
reach 50,000 units in the fourth year. KSB is one of the world's leading
manufacturers of pumps, valves and related systems. In 2009, the company had
14,249 employees, and realized sales of 1.891 billion euros. As part of KSB's
global operation strategy and with an initial investment of US$10 million, the
newly-established KSB Valves (Changzhou) Co., Ltd. will manufacture valves for
energy, shipbuilding and industrial markets both in China and abroad. "We
chose Changzhou National Hi-Tech District as our future valve hub because of
the advantageous geographical location, strong government support and the
district's professional management," a spokesperson for the board of KSB
said. China is now the world's largest valve exporter. Leveraging the
advantages of Changzhou, which not only has strong casting and machinery
processing capacities but also is home to the Yangtze River Changzhou Port, a
national first-class open port in China, KSB Valves (Changzhou) Co., Ltd. will
build a logistics and storage center to offer products with competitive pricing
and delivery time worldwide. Changzhou National Hi-Tech District has attracted
many local and overseas investors such as Germany-based Lanxess, Leoni, BAERLOCHERGMBH,
Otto Bock, Hoerbiger, Linde Group, Switzerland-based Georg Fischer, Mettler
Toledo, Rieter Textile Instrument, US-based Terex, Ashland Chemical, Kohler,
Chart, Visteon, Magna Powertrain, V&M, Disa, Polynt Group, Kymco Motors,
Komatsu, Nippon Steel Corp, OKI, Bridgestone, Fujitsu, and Fuji Heavy Industry,
among others. Published by HT Syndication with permission from Daily Pak
Banker. For any query with respect to this article or any other content
requirement, please contact Editor at htsyndication@hindustantimes.com
KSB Valves Invests
in Changzhou National Hi-Tech District, China
PR Newswire US: 28 December 2010
[What follows is the full text of the news story.]
CHANGZHOU, China,
Dec. 28, 2010 /PRNewswire-Asia/ -- Germany-based KSB Valves recently invested
in building a plant at the Changzhou National Hi-Tech District, in eastern
China's Jiangsu Province. The company plans to make Changzhou its strategic
center in China. The new facility is expected to be completed and put into
operation in the middle of next year, with the annual capacity expected to
exceed 15,000 units in the first year and reach 50,000 units in the fourth
year.
KSB is one of the
world's leading manufacturers of pumps, valves and related systems. In 2009,
the company had 14,249 employees, and realized sales of 1.891 billion euros.
As part of KSB's
global operation strategy and with an initial investment of US$10 million, the
newly-established KSB Valves (Changzhou) Co., Ltd. will manufacture valves for
energy, shipbuilding and industrial markets both in China and abroad. "We
chose Changzhou National Hi-Tech District as our future valve hub because of
the advantageous geographical location, strong government support and the
district's professional management," a spokesperson for the board of KSB
said.
China is now the
world's largest valve exporter. Leveraging the advantages of Changzhou, which
not only has strong casting and machinery processing capacities but also is
home to the Yangtze River Changzhou Port, a national first-class open port in
China, KSB Valves (Changzhou) Co., Ltd. will build a logistics and storage
center to offer products with competitive pricing and delivery time worldwide.
Changzhou National
Hi-Tech District has attracted many local and overseas investors such as
Germany-based Lanxess, Leoni, BAERLOCHERGMBH, Otto Bock, Hoerbiger, Linde
Group, Switzerland-based Georg Fischer, Mettler Toledo, Rieter Textile
Instrument, US-based Terex, Ashland Chemical, Kohler, Chart, Visteon, Magna
Powertrain, V&M, Disa, Polynt Group, Kymco Motors, Komatsu, Nippon Steel
Corp, OKI, Bridgestone, Fujitsu, and Fuji Heavy Industry, among others.
|
Wang Zhongliang |
|
|
Changzhou
National Hi-Tech District (Xinbei District) Publicity Department |
|
|
Postal Code:
213022 |
|
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Phone: +86-519-8512-7305 |
|
|
Fax: �
+86-519-8511-590 |
|
|
E-mail:
w_zongliang@sohu.com |
|
|
http://www.invest-in-cnd.cn/ |
|
|
|
|
SOURCE Changzhou
National Hi-Tech District
US-based Sensata
Technologies Invests an Additional 30 Million USD in Changzhou Hi-Tech District
Daily Pak Banker (Pakistan): 02 December 2010
[What follows is the full text of the news story.]
Karachi, Dec. 02
-- The world's leader in sensors - American company Sensata Technologies -
recently signed an agreement with Changzhou National Hi-Tech District in
China'sJiangsu province to invest an additional 30 million USD in Sensata
Technologies (Changzhou) Co., Ltd. and expand the company's productive area.
Sensata Technologies is an American solely-owned enterprise, with headquarters
in Attleboro, Massachusetts and 6,500 employees worldwide. Sensata Technologies
is the world's leader in the design and manufacture of sensors and controls,
and its products are widely used in household appliances, automobiles,
electrical equipment, HVAC equipment, industrial equipment, military defense,
and communication and transportation technologies. In March of this year, the
group became listed with the NYSE. Presently, the company has two large-scale
production and manufacturing factories as well as one business operations center
in China, one of which, Sensata Technologies (Changzhou) Co., Ltd., a
fully-owned subsidiary of the company, was established by investment in 2004.
This company mainly produces special-use sensors and controls, which are
utilized in equipment, automobiles, and HVAC products. Since the company's
establishment, Sensata Technologies (Changzhou) Co., Ltd. has seen rapid growth
in its business. The company had sales of 56 million USD in 2009 and is
expected to more than double this amount in 2010. In order to further develop
the China market, Sensata Technologies has decided to invest an additional 30
million USD in registered capital in its Changzhou company, to be used in the
expanded production of its sensors and controls. After this additional investment
is completed, the company's will have 45 million USD in registered capital. The
company's sales are expected to double in 2012, from the current 120 million
USD to 240 million USD. Located in the Yangtze River Delta, Changzhou has
become one of China's more livable cities as well as a hot investment
destination in recent years, given the significant improvement in the city's
environment, architecture and living standards. Changzhou National Hi-Tech
District has attracted many local and overseas investors such as Terex, Ashland
Chemical, Kohler, Chart, Visteon, Magna Powertrain, V&M, Linde Group, Disa,
Mettler Toledo, George Fisher, Polynt Group, Nippon Steel Corp, Rieter Textile
Instrument, Leoni Electronics, Kymco Motors, Komatsu,OKI, Bridgestone, Fujitsu,
and Fuji Heavy Industry and so on. Published by HT Syndication with permission
from Daily Pak Banker. For any query with respect to this article or any other
content requirement, please contact Editor at htsyndication@hindustantimes.com
US-based Sensata
Technologies Invests an Additional 30 Million USD in Changzhou Hi-Tech District
PR Newswire US: 01 December 2010
[What follows is the full text of the news story.]
CHANGZHOU, China,
Dec. 1, 2010 /PRNewswire-Asia/ -- The world's leader in sensors - American
company Sensata Technologies - recently signed an agreement with Changzhou
National Hi-Tech District in China's Jiangsu province to invest an additional
30 million USD in Sensata Technologies (Changzhou) Co., Ltd. and expand the
company's productive area.
Sensata
Technologies is an American solely-owned enterprise, with headquarters in
Attleboro, Massachusetts and 6,500 employees worldwide. Sensata Technologies is
the world's leader in the design and manufacture of sensors and controls, and
its products are widely used in household appliances, automobiles, electrical
equipment, HVAC equipment, industrial equipment, military defense, and
communication and transportation technologies. In March of this year, the group
became listed with the NYSE. Presently, the company has two large-scale
production and manufacturing factories as well as one business operations
center in China, one of which, Sensata Technologies (Changzhou) Co., Ltd., a
fully-owned subsidiary of the company, was established by investment in 2004.
This company mainly produces special-use sensors and controls, which are
utilized in equipment, automobiles, and HVAC products. Since the company's
establishment, Sensata Technologies (Changzhou) Co., Ltd. has seen rapid growth
in its business. The company had sales of 56 million USD in 2009 and is
expected to more than double this amount in 2010.
In order to
further develop the China market, Sensata Technologies has decided to invest an
additional 30 million USD in registered capital in its Changzhou company, to be
used in the expanded production of its sensors and controls. After this
additional investment is completed, the company's will have 45 million USD in
registered capital. The company's sales are expected to double in 2012, from
the current 120 million USD to 240 million USD.
Located in the
Yangtze River Delta, Changzhou has become one of China's more livable cities as
well as a hot investment destination in recent years, given the significant
improvement in the city's environment, architecture and living standards. �
Changzhou National
Hi-Tech District has attracted many local and overseas investors such as Terex,
Ashland Chemical, Kohler, Chart, Visteon, Magna Powertrain, V&M, Linde
Group, Disa, Mettler Toledo, George Fisher, Polynt Group, Nippon Steel Corp,
Rieter Textile Instrument, Leoni Electronics, Kymco Motors, Komatsu,OKI,
Bridgestone, Fujitsu, and Fuji Heavy Industry and so on.
SOURCE Changzhou
National Hi-Tech District
Annual Profit
& Loss
|
|
31-Dec-2009 |
31-Dec-2008 |
30-Jun-2007 |
|
Period Length |
12 Months |
12 Months |
12 Months |
|
Filed Currency |
EUR |
EUR |
EUR |
|
Exchange Rate
(Period Average) |
0.719047 |
0.683679 |
0.766423 |
|
Consolidated |
No |
No |
No |
|
|
|
|
|
|
Total income |
484.5 |
537.8 |
- |
|
Net sales |
485.2 |
530.4 |
- |
|
Other operating income |
2.7 |
4.8 |
- |
|
Raw materials and consumables employed |
287.5 |
355.1 |
- |
|
Other expenses |
90.4 |
86.9 |
- |
|
Total payroll costs |
62.9 |
54.0 |
- |
|
Fixed asset depreciation and amortisation |
60.9 |
48.9 |
- |
|
Other operating costs |
4.1 |
2.8 |
0.0 |
|
Total financial income |
4.4 |
10.9 |
- |
|
Total expenses |
32.8 |
30.1 |
- |
|
Net loss |
39.9 |
23.3 |
0.0 |
|
|
|
Annual Balance
Sheet |
|
Financials in:
USD (mil) |
|
|
|
|
|
31-Dec-2009 |
31-Dec-2008 |
30-Jun-2007 |
|
Filed Currency |
EUR |
EUR |
EUR |
|
Exchange Rate |
0.696986 |
0.719399 |
0.740439 |
|
Consolidated |
No |
No |
No |
|
|
|
|
|
|
Total stockholders equity |
224.2 |
257.0 |
0.0 |
|
Provision for risks |
102.6 |
109.2 |
- |
|
Provision for pensions |
17.3 |
22.4 |
- |
|
Mortgages and loans |
382.2 |
415.3 |
- |
|
Other long-term liabilities |
- |
5.4 |
- |
|
Trade creditors |
91.8 |
102.3 |
- |
|
Bank loans and overdrafts |
137.7 |
88.3 |
- |
|
Other current liabilities |
12.5 |
17.1 |
- |
|
Accruals and deferred income |
0.3 |
0.3 |
- |
|
Total current liabilities |
242.3 |
208.0 |
- |
|
Total liabilities (including net worth) |
968.8 |
1,017.3 |
0.0 |
|
Intangibles |
136.6 |
149.7 |
0.0 |
|
Buildings |
116.0 |
- |
- |
|
Total tangible fixed assets |
372.2 |
393.6 |
- |
|
Long-term investments |
86.4 |
78.4 |
- |
|
Total financial assets |
155.3 |
124.2 |
- |
|
Receivables due after 1 year |
7.6 |
7.9 |
- |
|
Loans to associated companies |
68.8 |
44.9 |
- |
|
Total non-current assets |
671.7 |
675.3 |
0.0 |
|
Finished goods |
60.7 |
- |
- |
|
Net stocks and work in progress |
99.9 |
97.4 |
- |
|
Trade debtors |
106.2 |
117.0 |
- |
|
Other receivables |
4.4 |
5.6 |
0.0 |
|
Cash and liquid assets |
85.8 |
121.9 |
0.0 |
|
Accruals |
0.9 |
- |
- |
|
Total current assets |
297.1 |
342.0 |
0.0 |
|
Total assets |
968.8 |
1,017.3 |
0.0 |
|
|
|
Annual Ratios |
|
Financials in:
USD (mil) |
|
|
|
|
|
31-Dec-2009 |
31-Dec-2008 |
30-Jun-2007 |
|
Period Length |
12 Months |
12 Months |
12 Months |
|
Filed Currency |
EUR |
EUR |
EUR |
|
Exchange Rate |
0.696986 |
0.719399 |
0.740439 |
|
Consolidated |
No |
No |
No |
|
|
|
|
|
|
Sales per employee |
0.45 |
0.48 |
- |
|
Average wage per employee |
0.06 |
0.05 |
- |
|
Net worth |
224.2 |
257.0 |
0.0 |
|
Number of employees |
1,500 |
1,450 |
1 |
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.49.71 |
|
|
1 |
Rs.78.08 |
|
Euro |
1 |
Rs.68.05 |
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.