MIRA INFORM REPORT
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Report Date : |
23.08.2012 |
IDENTIFICATION DETAILS
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Name : |
CHEMISCHE FABRIK BERG GMBH |
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Registered Office : |
Maintalstrasse 3 Bitterfeld, 06749 |
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Country : |
Germany |
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Financials (as on) : |
31.12.2010 |
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Date of Incorporation : |
23.10.1995 |
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Com. Reg. No.: |
15246 |
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Legal Form : |
Private Subsidiary |
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Line of Business : |
Manufacture of other chemical products not elsewhere classified |
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No. of Employees : |
53 |
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
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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 and address
Chemische Fabrik
Berg GmbH
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Business
Description
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Chemische Fabrik Berg GmbH is primarily engaged in manufacture of
various chemical products: peptones, peptone derivatives, other protein
substances and their derivatives not elsewhere classified; chemically
modified oils and fats; materials used in the finishing of textiles and
leather; powders and pastes used in soldering, brazing or welding; substances
used to pickle metal; prepared additives for cements; activated carbon,
lubricating oil additives, prepared rubber accelerators, catalysts and other
chemical products for industrial use; anti-knock preparations, anti-freeze
preparations, liquids for hydraulic transmission; and composite diagnostic or
laboratory reagents. This class also includes: manufacture of writing and
drawing ink. |
Industry
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Industry |
Chemical Manufacturing |
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ANZSIC 2006: |
1899 - Other Basic Chemical Product
Manufacturing Not Elsewhere Classified |
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NACE 2002: |
2466 - Manufacture of other chemical products
not elsewhere classified |
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NAICS 2002: |
325998 - All Other Miscellaneous Chemical
Product and Preparation Manufacturing |
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UK SIC 2003: |
2466 - Manufacture of other chemical
products not elsewhere classified |
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US SIC 1987: |
2899 - Chemicals and Chemical
Preparations, Not Elsewhere Classified |
Key Executives
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1 - Profit &
Loss Item Exchange Rate: USD 1 = EUR 0.7550783
2 - Balance Sheet Item Exchange Rate: USD 1 = EUR 0.7454064
Corporate Overview
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Corporate Structure News
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Chemische Fabrik
Berg GmbH |
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Company Name |
Company Type |
Location |
Country |
Industry |
Sales |
Employees |
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Benechim SPRL |
Parent |
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Subsidiary |
Bitterfeld, Sachsen-Anhalt |
Germany |
Chemical Manufacturing |
19.0 |
53 |
Executives Report
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Annual Profit & Loss
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31-Dec-2010 |
31-Dec-2009 |
31-Dec-2008 |
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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
(Period Average) |
0.755078 |
0.719047 |
0.683679 |
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Consolidated |
No |
No |
No |
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Total income |
19.0 |
18.8 |
20.9 |
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Raw materials and services |
7.8 |
6.8 |
8.5 |
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Net sales |
19.0 |
18.8 |
20.9 |
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Change in stock |
0.9 |
-0.7 |
1.0 |
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Other operating income |
0.8 |
0.6 |
1.0 |
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Raw materials and consumables employed |
7.8 |
6.8 |
8.5 |
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Other external charges |
1.0 |
1.1 |
1.3 |
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Cost of goods sold |
8.8 |
7.9 |
9.9 |
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Cost of raw materials |
8.8 |
7.9 |
9.9 |
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Taxes and social security costs |
0.7 |
0.8 |
0.7 |
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Total payroll costs |
4.7 |
4.6 |
4.6 |
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Fixed asset depreciation and amortisation |
0.7 |
0.7 |
1.0 |
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Other operating costs |
7.0 |
6.6 |
8.9 |
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Net operating income |
3.0 |
2.0 |
3.0 |
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Other income |
0.0 |
0.0 |
0.0 |
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Interest payable on loans |
0.1 |
0.1 |
0.1 |
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Total expenses |
0.1 |
0.1 |
0.1 |
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Profit before tax |
2.9 |
2.0 |
2.9 |
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Provisions |
1.1 |
1.4 |
1.6 |
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Extraordinary expenses |
0.2 |
- |
- |
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Extraordinary result |
-0.2 |
- |
- |
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Other taxes |
0.0 |
0.0 |
0.0 |
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Total taxation |
0.8 |
0.6 |
0.8 |
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Net profit |
2.0 |
1.4 |
2.1 |
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Annual Balance
Sheet |
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Financials in:
USD (mil) |
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31-Dec-2010 |
31-Dec-2009 |
31-Dec-2008 |
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Filed Currency |
EUR |
EUR |
EUR |
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Exchange Rate |
0.745406 |
0.696986 |
0.719399 |
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Consolidated |
No |
No |
No |
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Issued capital |
0.9 |
1.0 |
1.0 |
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Capital reserves |
0.7 |
0.7 |
0.7 |
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Unavailable reserves |
0.3 |
0.4 |
0.3 |
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Statutory reserves |
- |
2.4 |
2.3 |
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Total reserves |
2.2 |
2.4 |
2.3 |
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Profits for the year |
10.0 |
8.6 |
6.9 |
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Profit brought forward from previous year(s) |
8.0 |
7.1 |
5.4 |
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Total stockholders equity |
13.8 |
12.7 |
10.9 |
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Deferred taxation |
0.1 |
- |
- |
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Other provisions |
0.8 |
0.8 |
1.0 |
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Provision for pensions |
0.2 |
0.6 |
0.5 |
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Provisions and allowances |
1.1 |
1.4 |
1.5 |
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Other debentures |
0.5 |
0.7 |
0.8 |
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Total long-term liabilities |
0.5 |
0.7 |
0.8 |
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Trade creditors |
1.5 |
0.8 |
2.2 |
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Other loans |
0.1 |
0.1 |
0.3 |
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Taxation and social security |
0.1 |
0.1 |
0.1 |
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Due to group companies |
0.2 |
0.3 |
0.0 |
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Total current liabilities |
1.9 |
1.3 |
2.7 |
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Total liabilities (including net worth) |
17.7 |
16.5 |
16.1 |
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Patents |
0.1 |
0.1 |
0.1 |
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Intangibles |
0.1 |
0.1 |
0.1 |
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Land and buildings |
1.1 |
1.2 |
1.2 |
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Machinery and tools |
2.9 |
2.9 |
3.0 |
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Fixtures and equipment |
1.1 |
1.2 |
1.2 |
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Fixed assets under construction |
0.1 |
0.1 |
0.0 |
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Total tangible fixed assets |
4.6 |
4.6 |
4.7 |
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Participating interest |
- |
0.6 |
0.5 |
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Total financial assets |
- |
0.6 |
0.5 |
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Total non-current assets |
4.7 |
5.3 |
5.2 |
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Raw materials |
0.9 |
0.5 |
1.1 |
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Work in progress |
1.2 |
0.6 |
0.4 |
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Finished goods |
4.0 |
4.0 |
5.2 |
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Net stocks and work in progress |
6.1 |
5.2 |
6.7 |
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Trade debtors |
2.7 |
2.1 |
2.6 |
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Other receivables |
0.3 |
0.7 |
0.6 |
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Total receivables |
3.0 |
2.8 |
3.3 |
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Owing from associated companies |
0.0 |
- |
0.1 |
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Cash and liquid assets |
3.9 |
3.2 |
0.9 |
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Total current assets |
12.9 |
11.2 |
10.9 |
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Prepaid expenses and deferred costs |
0.0 |
0.0 |
0.0 |
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Total assets |
17.7 |
16.5 |
16.1 |
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Annual Ratios |
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Financials in:
USD (mil) |
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31-Dec-2010 |
31-Dec-2009 |
31-Dec-2008 |
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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 |
0.745406 |
0.696986 |
0.719399 |
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Consolidated |
No |
No |
No |
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Current ratio |
67.04 |
84.64 |
40.70 |
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Acid test ratio |
35.57 |
45.39 |
15.75 |
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Total liabilities to net worth |
0.02% |
0.02% |
0.03% |
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Net worth to total assets |
0.08% |
0.08% |
0.07% |
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Current liabilities to net worth |
0.01% |
0.01% |
0.02% |
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Current liabilities to stock |
0.03% |
0.03% |
0.04% |
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Fixed assets to net worth |
0.03% |
0.04% |
0.05% |
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Collection period |
504.00 |
394.00 |
485.00 |
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Stock turnover rate |
3.16 |
2.68 |
3.37 |
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Profit margin |
0.01% |
0.01% |
0.01% |
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Return on assets |
0.01% |
0.01% |
0.01% |
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Shareholders' return |
0.01% |
0.01% |
0.02% |
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Sales per employee |
27.07 |
25.94 |
25.01 |
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Profit per employee |
3.03 |
1.95 |
2.51 |
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Average wage per employee |
6.66 |
6.41 |
5.46 |
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Net worth |
13.8 |
12.7 |
10.9 |
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Number of employees |
53 |
52 |
57 |
FOREIGN EXCHANGE RATES
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Currency |
Unit
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Indian Rupees |
|
US Dollar |
1 |
Rs.55.18 |
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1 |
Rs.87.65 |
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Euro |
1 |
Rs.69.16 |
INFORMATION DETAILS
|
Report
Prepared by : |
PRL |
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 |
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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.