MIRA INFORM
REPORT
|
Report Date : |
04.08.2011 |
IDENTIFICATION DETAILS
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Name : |
HELM AG |
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Registered Office : |
Nordkanalstr. 28,
D 20097 Hamburg, Post Box 10 30 60, D 20021 Hamburg |
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Country : |
Germany |
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Financials (as on) : |
31.12.2009 |
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Date of Incorporation : |
11.10.1978 |
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Com. Reg. No.: |
HRB 22263 |
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Legal Form : |
Public Limited Company |
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Line of Business : |
Manufacture of pesticides and other
agrochemical products |
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 : |
250,000 EUR |
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Status : |
Good |
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Payment
Behaviour : |
Regular |
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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 – March 31st, 2011
|
Country Name |
Previous Rating (31.12.2010) |
Current Rating (31.03.2011) |
|
Germany |
a1 |
a1 |
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Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
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 |
|
Off-credit |
D |
Bottom of Form
Company name & address
HELM AG
Main address:
Nordkanalstr. 28
D 20097 Hamburg
Post Box:
10 30 60, D 20021
Hamburg
Telephone: 040/2375-0
Telefax: 040/2375-1845
Homepage: www.helmag.com
E-mail: info@helmag.com
VAT no.
DE118619592
Synthesis
LEGAL FORM Public
limited company
Date of foundation: 05.11.1900
Registered on: 11.10.1978
Commercial Register: Local court 20355 Hamburg
under: HRB
22263
Share capital: EUR 100,000,000.00
Shareholder
Dieter Schnabel
Saselbergweg 71
D 22395 Hamburg
born: 15.11.1946
Share: 100.000 %
President of the Board of Directors
Dieter Schnabel
Saselbergweg 71
D 22395 Hamburg
having sole power
of representation
born: 15.11.1946
Profession:
manager
Marital status:
married
Member of the Board of Directors
Axel Bourjau
Pötrauer Str. 11
D 21514 Büchen
authorized to
jointly represent the company
born: 21.01.1955
Profession:
manager
Marital status:
married
Member of the
Board of Directors:
Rainer Detering
Oberstr. 113
D 20149 Hamburg
authorized to
jointly represent the company
born: 14.08.1954
Profession:
manager
Marital status:
unknown
Member of the
Board of Directors:
Volker Seebeck
D 20095 Hamburg
authorized to
jointly represent the company
born: 03.04.1961
Profession:
Businessman
Marital status:
unknown
Member of the
Board of Directors:
Hans-Christian
Sievers
D 20095 Hamburg
authorized to
jointly represent the company
born: 24.04.1964
Profession:
manager
Marital status:
unknown
President of the Supervisory Board
Ulrich Wilhelm
Ellerbeck
Rathenaustr. 26
D 22297 Hamburg
born: 16.06.1952
Profession: Fully
qualified political
economist
Marital status:
unknown
Member of the Supervisory Board
David Michael
Neumann
Mittelweg 119
D 20148 Hamburg
born: 11.08.1963
Profession:
Businessman
Member of the
Supervisory Board:
Dr.rer.nat. Werner
Kleinloh
Im Hadkamp 2
D 45721 Haltern am
See
born: 09.09.1947
Profession:
Chemist
Marital status:
married
Proxy
Klaus Illmann
D 20097 Hamburg
authorized to
jointly represent the company
born: 17.05.1949
Proxy:
Jörg Handke
D 20095 Hamburg
authorized to jointly
represent the company
born: 04.06.1958
Profession: Businessman
Proxy:
Wolf-Dieter Schütt
D 20097 Hamburg
authorized to jointly
represent the company
born: 30.12.1950
Proxy:
Egbert Rann
D 20097 Hamburg
authorized to jointly
represent the company
born: 13.08.1955
Profession: Businessman
Proxy:
Fried Hansen
D 22926 Ahrensburg
authorized to jointly
represent the company
born: 14.09.1965
Profession: Businessman
Marital status: unknown
Proxy:
Ralph Ruschmeyer
D 14532 Stahnsdorf
authorized to jointly
represent the company
born: 25.01.1960
Proxy:
John-Henrik Michael
Römling
Lülanden 85a
D 22880 Wedel
authorized to jointly
represent the company
born: 17.01.1969
Profession: Businessman
Marital status: unknown
Proxy:
Oliver Bösch
D 28195 Bremen
authorized to jointly
represent the company
born: 25.05.1967
Proxy:
Manfred Ram
D 24629 Kisdorf
authorized to jointly represent
the company
born: 17.11.1952
Proxy:
Norbert Curt Baum
D 20097 Hamburg
authorized to jointly
represent the company
born: 27.10.1961
Profession: Businessman
Marital status: unknown
Proxy:
Thomas Axel Viering
D 20097 Hamburg
authorized to jointly
represent the company
born: 02.05.1966
Profession: Businessman
Marital status: unknown
Proxy:
Andreas Woschek
D 20097 Hamburg
authorized to jointly
represent the company
born: 22.05.1963
Profession: Businessman
Marital status: unknown
Proxy:
Dr. Felix Thürwächter
D 20097 Hamburg
authorized to jointly
represent the company
born: 09.10.1961
Marital status: unknown
Proxy:
Ekkehard Kloevekorn
D 22949 Ammersbek
authorized to jointly
represent the company
born: 01.10.1963
Profession: Businessman
Marital status: unknown
Proxy:
Axel Idel
D 20097 Hamburg
authorized to jointly
represent the company
born: 28.08.1961
Proxy:
Stephan Schnabel
D 20097 Hamburg
authorized to jointly
represent the company
born: 18.01.1975
Proxy:
Burak Beksac
D 20095 Hamburg
authorized to jointly
represent the company
Proxy:
Hans-Georg Kandziora
D 21635 Jork
authorized to jointly represent the company
Proxy:
Claus Erich Meyer
D 21224 Rosengarten
authorized to jointly
represent the company
Proxy:
Michael Neuhoff
D 21029 Hamburg
authorized to jointly
represent the company
Proxy:
Uwe Paulsen
D 22844 Norderstedt
authorized to jointly
represent the company
born: 26.03.1961
Proxy:
Günther Schmidt
D 21029 Hamburg
authorized to jointly
represent the company
Proxy:
Christina Wienholz
D 22113 Oststeinbek
authorized to jointly represent
the company
born: 08.06.1962
née: Beck
Proxy:
Hans-Hermann Will
D 25485 Hemdingen
authorized to jointly represent
the company
born: 14.05.1964
Further functions/participations
of Axel Bourjau
(Member of the Board of Directors)
Practising person:
Axel Bourjau
Pötrauer Str. 11
D 21514 Büchen
Legal form: Independent profession dissolved
Further functions/participations of Rainer Detering
(Member of the Board of Directors)
Manager:
Helm Arabia Holding GmbH
Nordkanalstr. 28
D 20097 Hamburg
Legal form: Private
limited company
Share capital: EUR 25,000.00
Registered
on: 26.04.2005
Reg. data: 20355 Hamburg, HRB 93570
Manager:
Carl Emil Wessel GmbH
Nordkanalstr. 28
D 20097 Hamburg
Legal form: Private
limited company
Share capital: EUR 25,564.59
Registered
on: 15.04.1986
Reg. data: 20355 Hamburg, HRB 13339
Manager:
Helm Export - Import
G.m.b.H.
Nordkanalstr. 28
D 20097 Hamburg
Legal form: Private
limited company
Share capital: EUR 511,291.88
Registered
on: 01.01.1971
Reg. data: 20355 Hamburg, HRB 13768
Further functions/participations of Volker Seebeck
(Member of the Board of Directors)
Vice-president of
the Board of Directors:
Verband
Chemiehandel e.V.(VCH)
Große Neugasse 6
D 50667 Köln
Legal form:
Registered association
Registered
on: 31.12.1949
Reg. data: 50939 Köln, VR 4317
COMPANY HISTORY
21.04.1978 - 11.10.1978 Karl O. Helm KG
D 20097 Hamburg
Ltd partnership with
priv. ltd. company
as general partner
12.10.1978 - 15.05.2006 Helm Aktiengesellschaft
Nordkanalstr. 28
D 20097 Hamburg
Public limited company
RESIGNED ACTING PERSONS AND SHAREHOLDERS
13.11.2009 - 01.02.2011 Member of the Board of Directors
Hartmut Glaser
D 22559 Hamburg
30.09.2004 - 08.11.2010 Member of the Supervisory Board
Friedrich-Wilhelm
Hempel
D 40239 Düsseldorf
13.11.2009 - 24.11.2009 Member of the Board of Directors
Rolf Meyer-Ottens
D 21629 Neu Wulmstorf
BUSINESS ACTIVITIES
Sectors
2020
Manufacture of pesticides and other agrochemical products
2059
Manufacture of other chemical products n.e.c.
21200
Manufacture of pharmaceutical preparations
46461
Wholesale of pharmaceutical goods
BRANCHES AND FACTORIES
Branch:
HELM AG
Walter-Köhn-Str. 1b
D 04356 Leipzig
TEL.: 0341/5285150
Branch:
HELM AG
Homberger Str. 5
D 40474 Düsseldorf
Branch:
HELM AG
Hugo-Eckener-Ring
D 60549 Frankfurt
Branch:
HELM AG
Hauptstr. 16
D 70563 Stuttgart
TEL.: 0711/734021
PARTICIPATIONS
Limited partner:
Helm Arabia GmbH &
Co.KG
Nordkanalstr. 28
D 20097 Hamburg
Legal form: Ltd
partnership with priv. ltd.
company as
general partner
Company Status: active
Total cap. EUR
10,000,000.00
contribution:
Share: EUR 6,220,000.00
Reg. data: 01.06.2005
Local court
20355 Hamburg
HRA 102131
Limited partner:
Richter-Helm BioTec GmbH
& Co. KG
Nordkanalstr. 28
D 20097 Hamburg
Legal form: Ltd
partnership with priv. ltd.
company as general partner
Company Status: active
Total cap. EUR 2,000,000.00
contribution:
Share: EUR 1,000,000.00
Reg. data: 08.01.2008
Local court
20355 Hamburg
HRA 107616
Limited partner:
Richter-Helm BioLogics
GmbH & Co. KG
Dengelsberg
D 24796 Bovenau
Legal form: Ltd
partnership with priv. ltd.
company as
general partner
Company Status: active
Total cap. EUR 1,500,000.00
contribution:
Share: EUR 450,000.00
Reg. data: 10.10.2005
Local court
24114 Kiel
HRA 4989 KI
Shareholder:
Helm Düngemittel GmbH
Nordkanalstr. 28
D 20097 Hamburg
Post Box:
10 30 60
Legal form: Private
limited company
Company Status: active
Share capital: EUR
20,000,000.00
Share: EUR 20,000,000.00
Reg. data: 29.10.1979
Local court 20355
Hamburg
HRB 24242
Shareholder:
Helm Pharmaceuticals GmbH
Nordkanalstr. 28
D 20097 Hamburg
Legal form: Private
limited company
Company Status: active
Share capital: EUR 2,600,000.00
Share: EUR 2,600,000.00
Reg. data: 14.03.1978
Local court 20355
Hamburg
HRB 21133
Shareholder:
Helm Export - Import
G.m.b.H.
Nordkanalstr. 28
D 20097 Hamburg
Legal form: Private
limited company
Company Status: active
Share capital: EUR 511,291.88
Share: EUR 511,291.88
Reg. data: 01.01.1971
Local court
20355 Hamburg
HRB 13768
Shareholder:
Helm Medical GmbH
Nordkanalstr. 28
D 20097 Hamburg
Legal form: Private
limited company
Company Status: active
Share capital: EUR 500,000.00
Share: EUR 500,000.00
Reg. data: 24.06.2008
Local court 20355
Hamburg
HRB 105742
Shareholder:
MIDER-Helm Methanol
Vertriebs GmbH
Nordkanalstr. 28
D 20097 Hamburg
Legal form: Private
limited company
Company Status: active
Share capital: EUR 255,645.94
Share: EUR 127,822.97
Reg. data: 24.03.1998
Local court
20355 Hamburg
HRB 66954
Shareholder:
Kraeft Logistik GmbH
Nordersand 2
D 20457 Hamburg
Legal form: Private
limited company
Company Status: active
Share capital: EUR 25,564.59
Share: EUR 25,564.59
Reg. data: 09.02.1973
Local court
20355 Hamburg
HRB 15420
Shareholder:
Helm Arabia Holding GmbH
Nordkanalstr. 28
D 20097 Hamburg
Legal form: Private
limited company
Company Status: active
Share capital: EUR 25,000.00
Share: EUR 25,000.00
Reg. data: 26.04.2005
Local court
20355 Hamburg
HRB 93570
Shareholder:
Richter-Helm BioTec
Management GmbH
Nordkanalstr. 28
D 20097 Hamburg
Legal form: Private
limited company
Company Status: active
Share capital: EUR 25,000.00
Share: EUR 12,500.00
Reg. data: 21.12.2007
Local court 20355 Hamburg
HRB 103633
FINANCIAL INFORMATION
Payment experience: in top condition
Negative information: Negative information is known to us.
Maximum credit: 250,000
EUR
Balance sheet year: 2009
Debt collection:
Amount last entry:
1 21.04.2011
EUR 25.98
REAL ESTATE
Type of ownership: proprietor
Share: 100.00 %
Address Nordkanalstr. 28
D 20097 Hamburg
Real Estate of: Dieter Schnabel
Type of ownership: proprietor
Share: 100.00 %
Address Saselbergweg 71
D 22395 Hamburg
Real Estate of: Axel Bourjau
Type of ownership: proprietor
Share: 100.00 %
Address Pötrauer Str. 11
D 21514 Büchen
Real Estate of: Rainer Detering
Type of ownership: Tenant
Address Oberstr. 113
D 20149 Hamburg
Land register documents were not available.
BANKERS
Principal bank
COMMERZBANK, HAMBURG
Sort. code: 20040000, Account no.: 6114334,
BIC: COBADEHHXXX
Further banks
DEUTSCHE BANK, HAMBURG
Sort. code: 20070000, BIC: DEUTDEHHXXX
UNICREDIT BANK - HYPOVEREINSBANK, HAMBURG
Sort. code: 20030000, Account no.: 206045,
BIC: HYVEDEMM300
HSH NORDBANK HAMBURG, HAMBURG
Sort. code: 20050000, BIC: HSHNDEHH200
FINANCIAL FIGURES
Turnover:
2009 EUR 1,430,910,139.00
2010 EUR 1,431,000,000.00
Profit:
2009 EUR 46,352,920.00
further business figures:
Real estate of the firm: EUR 23,799,863.00
Employees:
475
- thereof permanent staff: 445
- Trainees:
30
BALANCE SHEETS
Balance sheet ratios 01.01.2009 - 31.12.2009
Equity ratio [%]: 61.84
Liquidity ratio: 1.77
Return on total capital [%]: 8.93
Balance sheet ratios 01.01.2008 - 31.12.2008
Equity ratio [%]: 37.31
Liquidity ratio: 1.10
Return on total capital [%]: 11.43
Balance sheet ratios 01.01.2007 - 31.12.2007
Equity ratio [%]: 33.94
Liquidity ratio: 1.03
Return on total capital [%]: 7.35
Equity ratio
The equity ratio indicates the portion of the
equity as compared to the total capital. The higher the equity ratio, the
better the economic stability (solvency) and thus the financial autonomy of a
company.
Liquidity ratio
The liquidity ratio shows the proportion
between adjusted receivables and net liabilities. The higher the ratio, the
lower the company's financial dependancy from external creditors.
Return on total capital
The return on total capital shows the
efficiency and return on the total capital employed in the company. The higher
the return on total capital, the more economically does the company work with
the invested capital.
Type of balance
sheet:
Company balance sheet
Financial year:
01.01.2009 - 31.12.2009
ASSETS EUR 519,494,554.00
Fixed
assets EUR 123,073,518.00
Intangible
assets EUR 405,659.00
Concessions, licences, rights
EUR 405,659.00
Tangible
assets EUR 3,121,328.00
Land /
similar rights EUR 737,850.00
Other tangible assets / fixtures and
fittings
EUR 2,383,478.00
Financial
assets EUR 119,546,531.00
Shares in
participations /
subsidiaries and the like
EUR 117,876,664.00
Shares in
related companies EUR 81,021,081.00
Shares in
investee companies EUR 36,855,583.00
Other /
unspecified financial assets EUR
1,669,867.00
Current
assets EUR 396,406,036.00
Stocks EUR 91,304,360.00
Finished
goods / work in progress EUR 88,597,137.00
Advance
payments made EUR 2,707,223.00
Accounts
receivable EUR 290,990,286.00
Trade
debtors EUR 160,560,222.00
Amounts due
from related companies EUR 87,574,844.00
Amounts due
from investee companies EUR 270,606.00
Other
debtors and assets EUR 42,584,614.00
Liquid
means EUR 14,111,390.00
Remaining
other assets EUR 15,000.00
Accruals
(assets) EUR 15,000.00
LIABILITIES EUR 519,494,554.00
Shareholders'
equity EUR 321,356,762.00
Capital EUR 100,000,000.00
Subscribed
capital (share capital) EUR 100,000,000.00
Reserves EUR 199,293,300.00
Retained
earnings / revenue reserves EUR
199,293,300.00
Balance
sheet profit/loss (+/-) EUR 22,063,462.00
Balance
sheet profit / loss EUR 22,063,462.00
Provisions EUR 19,975,178.00
Pension
provisions and comparable
provisions
EUR 1,974,812.00
Provisions
for taxes EUR 1,514,500.00
Other /
unspecified provisions EUR 16,485,866.00
Liabilities EUR 178,162,614.00
Financial
debts EUR 22,640,677.00
Liabilities
due to banks EUR 22,640,677.00
Other
liabilities EUR 155,521,937.00
Trade
creditors (for IAS incl. bills
of
exchange)
EUR 121,191,429.00
Liabilities
from received advance
payments
EUR 1,667,360.00
Liabililties due to related companiesEUR 10,192,398.00
Liabilities
due to investee companiesEUR
143,875.00
Unspecified
other liabilities EUR 22,326,875.00
thereof
liabilities from tax /
financial
authorities EUR 2,311,568.00
thereof
liabilities from social
security
EUR 2,444.00
Guarantees
and other commitments EUR 63,875,271.00
Profit and loss account (cost-summary method) according
to Comm.
Code (HGB)
Sales EUR 1,430,910,139.00
Other
operating income EUR 12,930,220.00
Cost of
materials EUR 1,373,036,117.00
Raw
materials and supplies, purchased
goods EUR 1,245,162,161.00
Purchased
services EUR 127,873,956.00
Gross result
(+/-) EUR 70,804,242.00
Staff
expenses EUR 47,225,120.00
Wages and
salaries EUR 42,973,729.00
Social
security contributions and
expenses for
pension plans and
benefits
EUR 4,251,391.00
Total
depreciation EUR 1,035,430.00
Depreciation
on tangible / intangible
asssets
(incl. start-up and exp. of
bus. EUR 1,035,430.00
Other
operating expenses EUR 18,908,448.00
Operating
result from continuing
operations EUR 3,635,244.00
Result from
participating interests
(+/-) EUR 46,285,490.00
Expenses /
income from participations EUR
48,926,928.00
Income from related companies EUR 48,926,928.00
Expenses for
participations EUR 2,641,438.00
Expenses
for other participations EUR 2,641,438.00
Interest
result (+/-) EUR -863,927.00
Interest and
similar income EUR 2,829,302.00
thereof
from related companies EUR 449,794.00
Interest and
similar expenses EUR 3,693,229.00
thereof
paid to related companies EUR 49,742.00
Financial
result (+/-) EUR 45,421,563.00
Result from
ordinary operations (+/-) EUR 49,056,807.00
Income tax /
refund of income tax (+/-)EUR
-2,636,725.00
Other taxes /
refund of taxes EUR -67,162.00
Tax
(+/-)
EUR -2,703,887.00
Annual
surplus / annual deficit EUR 46,352,920.00
Type of balance
sheet:
Company balance sheet
Financial year:
01.01.2008 - 31.12.2008
ASSETS EUR 902,726,878.00
Fixed
assets EUR 98,772,880.00
Intangible
assets EUR 2,903,500.00
Concessions, licences, rights
EUR 1,786,983.00
Goodwill
EUR 116,517.00
Advance
payments for intang. assets EUR 1,000,000.00
Tangible
assets EUR 32,983,732.00
Land /
similar rights EUR 23,748,372.00
Plant /
machinery EUR 3,561,891.00
Other
tangible assets / fixtures and
fittings
EUR 5,492,152.00
Advance
payments made / construction
in
progress EUR 181,317.00
Financial
assets EUR 62,885,648.00
Shares in
participations /
subsidiaries and the like
EUR 57,568,133.00
Shares in
associated companies EUR 7,495,624.00
Shares in
investee companies EUR 50,072,509.00
Other
loans EUR 5,317,515.00
Current
assets EUR 798,330,856.00
Stocks EUR 256,596,102.00
Finished
goods / work in progress EUR 249,917,274.00
Advance
payments made EUR 6,678,828.00
Accounts
receivable EUR 495,195,598.00
Trade
debtors EUR
435,326,672.00
Amounts due
from investee companies EUR 1,485,361.00
Other
debtors and assets EUR 58,383,565.00
Liquid
means EUR 46,539,156.00
Remaining
other assets EUR 5,623,142.00
Accruals
(assets) EUR 1,072,284.00
Deferred
taxes (assets) EUR 4,550,858.00
LIABILITIES EUR 902,726,878.00
Shareholders'
equity EUR 336,400,276.00
Capital EUR 50,000,000.00
Subscribed
capital (share capital) EUR 50,000,000.00
Reserves
EUR 286,400,276.00
Retained
earnings / revenue reserves EUR
286,400,276.00
Provisions EUR 68,592,175.00
Pension
provisions and comparable
provisions
EUR 1,907,577.00
Provisions
for taxes EUR 15,666,460.00
Other /
unspecified provisions EUR 51,018,138.00
Liabilities EUR 497,734,427.00
Financial
debts EUR 260,722,087.00
Liabilities
due to banks EUR 260,722,087.00
Other
liabilities EUR 237,012,340.00
Trade
creditors (for IAS incl. bills
of
exchange)
EUR 194,151,847.00
Liabilities
from received advance
payments EUR 7,281,209.00
Liabilities
due to investee companiesEUR
754,017.00
Unspecified
other liabilities EUR 34,825,267.00
Profit and loss account (cost-summary method)
according to Comm.
Code (HGB)
Sales EUR 5,049,737,003.00
Other
operating income EUR 13,198,355.00
Cost of
materials EUR 4,744,338,654.00
Raw
materials and supplies, purchased
goods EUR 4,404,734,990.00
Purchased
services EUR 339,603,664.00
Gross result
(+/-) EUR 318,596,704.00
Staff
expenses EUR 114,164,280.00
Wages and
salaries EUR 104,804,959.00
Social
security contributions and
expenses for
pension plans and
benefits
EUR 9,359,321.00
Total
depreciation EUR 4,803,778.00
Depreciation
on tangible / intangible
asssets
(incl. start-up and exp. of
bus. EUR 4,803,778.00
Other
operating expenses EUR 47,282,205.00
Operating
result from continuing
operations EUR 152,346,441.00
Result from
participating interests
(+/-) EUR 12,235,877.00
Expenses /
income from participations EUR
12,235,877.00
Income from
related companies EUR 12,235,877.00
Result from
associated companies (+/-) EUR
-493,420.00
Interest
result (+/-) EUR -19,224,023.00
Interest and
similar income EUR 5,576,543.00
Interest and
similar expenses EUR 24,800,566.00
Financial
result (+/-) EUR -7,481,566.00
Result from
ordinary operations (+/-) EUR 144,864,875.00
Income tax /
refund of income tax (+/-)EUR
-41,032,237.00
Other taxes /
refund of taxes EUR -781,628.00
Tax
(+/-)
EUR -41,813,865.00
Annual surplus / annual deficit EUR 103,051,010.00
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.44.38 |
|
UK Pound |
1 |
Rs.72.21 |
|
Euro |
1 |
Rs.62.87 |
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.