MIRA INFORM REPORT
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Report Date : |
19.04.2012 |
IDENTIFICATION DETAILS
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Name : |
LINDAUER DORNIER GESELLSCHAFT MBH |
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Registered Office : |
Rickenbacher Str 119, Lindau, 88131 |
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Country : |
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Financials (as on) : |
31.12.2009 |
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Year of Establishment : |
1950 |
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Com. Reg. No.: |
1220 |
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Legal Form : |
Private Subsidiary |
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Line of Business : |
Construction of machinery for the textile, plastic and paper industries, drying plants and special machinery |
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No. of Employees
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1190 |
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 – March 31st, 2012
|
Country Name |
Previous Rating (31.12.2011) |
Current Rating (31.03.2012) |
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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
Lindauer Dornier Gesellschaft mbH
Rickenbacher Str 119
Lindau, 88131
Germany
Tel: 49 (8382) 7 03-0
Fax: 49 (8382) 7 03 415
Synthesis
Employees: 1,190
Company Type: Private Subsidiary
Corporate Family: 2
Companies
Ultimate Parent: Peter
Dornier Holding GmbH
Incorporation Date: 1950
Financials in: USD
(Millions)
Fiscal Year End:
31-Dec-2009
Reporting Currency: Euro
Annual Sales: 298.7
Total Assets: 252.9
Business Description
Construction of machinery for the textile, plastic and paper industries,
drying plants and special machinery
Industry
Industry Miscellaneous Capital Goods
ANZSIC 2006: 2469 - Other
Specialised Machinery and Equipment Manufacturing
NACE 2002: 2924 - Manufacture
of other general purpose machinery not elsewhere classified
NAICS 2002: 333298 - All Other
Industrial Machinery Manufacturing
UK SIC 2003: 2924 - Manufacture
of other general purpose machinery not elsewhere classified
US SIC 1987: 3559 - Special
Industry Machinery, Not Elsewhere Classified
Key Executives
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Name |
Title |
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Peter D. Dornier |
Geschaftsfuhrer |
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Hans-Jürgen Schmidt |
Leiter-Finanz & Rechnungswesen |
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Andreas Rutz |
Leiter-Technik &
Vertrieb-Sondermaschinen |
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Michael Ebeling |
Leiter-Technik-Webmaschine |
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Gunter Gugenberger |
Leiter-Kundenservice |
Registered No.(DEU): 1220
1 - Profit & Loss Item Exchange Rate: USD 1 = EUR 0.7190468
2 - Balance Sheet Item Exchange Rate: USD 1 = EUR 0.6969855
Corporate Overview
Location
Rickenbacher Str 119
Lindau, 88131
Germany
Tel: 49 (8382) 7 03-0
Fax: 49 (8382) 7 03 415
Sales EUR(mil): 214.7
Assets EUR(mil): 176.2
Employees: 1,190
Fiscal Year End: 31-Dec-2009
Industry: Miscellaneous
Capital Goods
Incorporation Date: 1950
Company Type: Private
Subsidiary
Quoted Status: Not
Quoted
Registered No.(DEU): 1220
Geschaftsuhrer : Peter
D. Dornier
Contents
· Industry Codes
· Business Description
· Financial Data
· Subsidiaries
· Key Corporate Relationships
Industry Codes
ANZSIC 2006 Codes:
2469 - Other Specialised Machinery and Equipment Manufacturing
2499 - Other Machinery and Equipment Manufacturing Not Elsewhere
Classified
2229 - Other Structural Metal Product Manufacturing
NACE 2002 Codes:
2811 - Manufacture of metal structures and parts of structures
2955 - Manufacture of machinery for paper and paperboard
production
2954 - Manufacture of machinery for textile, apparel and leather
production
2924 - Manufacture of other general purpose machinery not
elsewhere classified
NAICS 2002 Codes:
333291 - Paper Industry Machinery Manufacturing
333298 - All Other Industrial Machinery Manufacturing
332312 - Fabricated Structural Metal Manufacturing
333292 - Textile Machinery Manufacturing
333999 - All Other Miscellaneous General Purpose Machinery
Manufacturing
US SIC 1987:
3552 - Textile Machinery
3441 - Fabricated Structural Metal
3569 - General Industrial Machinery and Equipment, Not Elsewhere
Classified
3559 - Special Industry Machinery, Not Elsewhere Classified
3554 - Paper Industries Machinery
UK SIC 2003:
2955 - Manufacture of machinery for paper and paperboard
production
2954 - Manufacture of machinery for textile, apparel and leather
production
2924 - Manufacture of other general purpose machinery not
elsewhere classified
2811 - Manufacture of metal structures and parts of structures
Business
Description
Construction of machinery for the textile, plastic and paper industries,
drying plants and special machinery
More Business
Descriptions
Lindauer DORNIER
Gesellschaft mit beschränkter Haftung is primarily engaged in manufacture of
machinery for working soft rubber or plastics or for the manufacture of
products of these materials (extruders, moulders, pneumatic tyre making or
retreading machines and other machines for making a specific rubber or plastic
product); manufacture of printing and bookbinding machines; manufacture of
machinery for producing tiles, bricks, shaped ceramic pastes, pipes, graphite
electrodes, blackboard chalk, foundry moulds, etc.; manufacture of moulding
boxes for any material; mould bases; moulding patterns; moulds; manufacture of
dryers for wood, paper pulp, paper or paperboard; manufacture of centrifugal
clothes dryers; manufacture of diverse special machinery and equipment
(machines to assemble electric or electronic lamps, tubes (valves) or bulbs;
machines for production or hot-working of glass or glassware, glass fibre or
yarn; machinery or apparatus for isotopic separation; rope-making machinery,
etc.); and manufacture of industrial robots for multiple uses.
Other Industrial
Machinery Manufacturing
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Corporate
Family |
Corporate
Structure News: |
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Peter
Dornier Holding GmbH |
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Lindauer Dornier
Gesellschaft mbH |
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Company Name |
Company Type |
Location |
Country |
Industry |
Sales |
Employees |
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Parent |
Lindau (Bodensee), Bayern |
Germany |
Consumer Financial Services |
305.3 |
1,132 |
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Subsidiary |
Lindau |
Germany |
Miscellaneous Capital Goods |
298.7 |
1,190 |
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Executive report
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Annual
Profit & Loss
|
|
31-Dec-2009 |
31-Dec-2008 |
31-Dec-2007 |
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Period Length |
12 Months |
12 Months |
12 Months |
|
Filed Currency |
EUR |
EUR |
EUR |
|
Exchange Rate
(Period Average) |
0.719047 |
0.683679 |
0.730637 |
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Consolidated |
No |
No |
No |
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Total income |
298.7 |
336.6 |
302.4 |
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Raw materials and services |
98.9 |
196.6 |
158.5 |
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Net sales |
298.7 |
336.6 |
302.4 |
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Change in stock |
-85.1 |
56.6 |
23.4 |
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Own work capitalised |
0.4 |
0.8 |
1.0 |
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Other operating income |
7.1 |
2.7 |
12.6 |
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Raw materials and consumables employed |
98.9 |
196.6 |
158.5 |
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Other external charges |
18.0 |
55.2 |
31.3 |
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Cost of goods sold |
116.9 |
251.8 |
189.8 |
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Cost of raw materials |
116.9 |
251.8 |
189.8 |
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Taxes and social security costs |
17.1 |
- |
- |
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Total payroll costs |
85.1 |
109.9 |
94.7 |
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Fixed asset depreciation and amortisation |
6.3 |
6.9 |
6.9 |
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Other operating costs |
97.1 |
96.2 |
85.6 |
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Net operating income |
-35.7 |
-19.9 |
5.2 |
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Interest received from loans |
- |
3.6 |
2.9 |
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Income received from associated companies |
0.0 |
- |
- |
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Other income |
1.8 |
- |
- |
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Interest payable on loans |
0.3 |
2.2 |
1.1 |
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Other expenses |
0.9 |
- |
- |
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Total expenses |
-0.6 |
-1.4 |
-1.8 |
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Profit before tax |
-35.1 |
-18.5 |
7.0 |
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Provisions |
109.7 |
113.8 |
96.0 |
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Total taxation |
0.1 |
-0.2 |
0.8 |
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Net profit |
- |
- |
6.2 |
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Net loss |
-35.2 |
-18.3 |
- |
Annual
Balance Sheet
Financials in: USD (mil)
|
|
31-Dec-2009 |
31-Dec-2008 |
31-Dec-2007 |
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Filed Currency |
EUR |
EUR |
EUR |
|
Exchange Rate |
0.696986 |
0.719399 |
0.683971 |
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Consolidated |
No |
No |
No |
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Issued capital |
43.0 |
41.7 |
43.9 |
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Capital reserves |
24.2 |
23.5 |
24.7 |
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Total reserves |
- |
5.9 |
6.2 |
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Profits for the year |
-24.6 |
5.4 |
26.9 |
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Total stockholders equity |
42.7 |
76.5 |
101.7 |
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Deferred taxation |
0.1 |
0.2 |
0.2 |
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Other provisions |
40.2 |
31.2 |
32.8 |
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Provision for pensions |
72.9 |
76.8 |
69.6 |
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Provisions and allowances |
113.2 |
108.1 |
102.6 |
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Advance payments |
5.8 |
- |
- |
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Trade accounts payable |
0.0 |
- |
- |
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Taxes and social security |
0.9 |
- |
- |
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Total long-term liabilities |
6.8 |
- |
- |
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Trade creditors |
12.4 |
17.7 |
19.3 |
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Advances received |
67.9 |
107.3 |
82.4 |
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Taxation and social security |
9.1 |
15.7 |
8.9 |
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Due to group companies |
0.8 |
4.5 |
0.3 |
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Total current liabilities |
90.2 |
145.1 |
111.0 |
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Total liabilities (including net worth) |
252.9 |
329.8 |
315.3 |
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Patents |
0.5 |
- |
- |
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Intangibles |
0.5 |
0.7 |
1.0 |
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Land and buildings |
30.7 |
31.0 |
29.9 |
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Machinery and tools |
8.0 |
8.6 |
6.0 |
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Fixtures and equipment |
30.7 |
31.0 |
29.9 |
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Fixed assets under construction |
- |
- |
1.7 |
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Total tangible fixed assets |
44.4 |
46.3 |
44.9 |
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Long-term investments |
0.0 |
- |
- |
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Shares held in associated companies |
2.4 |
2.3 |
1.2 |
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Participating interest |
0.2 |
0.3 |
0.3 |
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Total financial assets |
2.6 |
2.6 |
1.5 |
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Other long-term assets |
0.4 |
0.9 |
2.3 |
|
Loans to participants |
0.0 |
- |
- |
|
Total non-current assets |
47.8 |
50.5 |
49.6 |
|
Raw materials |
17.2 |
24.2 |
20.4 |
|
Work in progress |
68.2 |
147.2 |
99.2 |
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Finished goods |
17.2 |
20.5 |
20.7 |
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Prepayments |
1.5 |
6.0 |
8.0 |
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Net stocks and work in progress |
104.0 |
197.9 |
148.2 |
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Trade debtors |
29.4 |
50.4 |
62.6 |
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Other receivables |
8.9 |
11.1 |
11.9 |
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Total receivables |
39.0 |
61.6 |
75.0 |
|
Owing from associated companies |
0.7 |
0.1 |
0.5 |
|
Cash and liquid assets |
57.7 |
19.6 |
42.1 |
|
Marketable securities |
4.1 |
- |
- |
|
Short-term investments |
4.1 |
- |
- |
|
Total current assets |
204.9 |
279.1 |
265.3 |
|
Prepaid expenses and deferred costs |
0.2 |
0.2 |
0.3 |
|
Total assets |
252.9 |
329.8 |
315.3 |
Annual
Ratios
Financials in: USD (mil)
|
|
31-Dec-2009 |
31-Dec-2008 |
31-Dec-2007 |
|
Period Length |
12 Months |
12 Months |
12 Months |
|
Filed Currency |
EUR |
EUR |
EUR |
|
Exchange Rate |
0.696986 |
0.719399 |
0.683971 |
|
Consolidated |
No |
No |
No |
|
|
|
|
|
|
Current ratio |
22.71 |
19.23 |
23.90 |
|
Acid test ratio |
11.18 |
5.60 |
10.55 |
|
Total liabilities to net worth |
0.23% |
0.19% |
0.11% |
|
Net worth to total assets |
0.02% |
0.02% |
0.03% |
|
Current liabilities to net worth |
0.21% |
0.19% |
0.11% |
|
Current liabilities to stock |
0.09% |
0.07% |
0.07% |
|
Fixed assets to net worth |
0.11% |
0.07% |
0.05% |
|
Collection period |
347.00 |
573.00 |
708.00 |
|
Stock turnover rate |
3.38 |
6.19 |
4.59 |
|
Profit margin |
-0.01% |
-0.01% |
0.00% |
|
Return on assets |
-0.01% |
0.00% |
0.00% |
|
Shareholders' return |
-0.09% |
-0.02% |
0.01% |
|
Sales per employee |
20.30 |
19.88 |
18.93 |
|
Profit per employee |
-2.39 |
-1.08 |
0.39 |
|
Average wage per employee |
5.78 |
6.49 |
5.93 |
|
Net worth |
42.7 |
76.5 |
101.7 |
|
Number of employees |
1,058 |
1,158 |
1,167 |
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.51.50 |
|
UK Pound |
1 |
Rs.81.99 |
|
Euro |
1 |
Rs.67.54 |
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 |
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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.