MIRA
INFORM REPORT
|
Report Date : |
17.12.2012 |
IDENTIFICATION DETAILS
|
Name : |
STAUBLI LYON SAS |
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Formerly Known As : |
Staubli Verdol |
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Registered Office : |
31 Rue Des Freres Lumieres, BP 71, Chassieu |
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Country : |
France |
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Financials (as on) : |
31.12.2011 |
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Date of Incorporation : |
15.11.1983 |
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Com. Reg. No.: |
328103981 |
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Legal Form : |
Private Subsidiary Company |
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Line of Business : |
Subject is engaged in manufacture of textile machinery |
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No. of Employees : |
224 employees |
RATING & COMMENTS
|
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 |
|
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 – June 30th, 2012
|
Country Name |
Previous Rating (31.03.2012) |
Current Rating (30.06.2012) |
|
France |
A2 |
A2 |
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Risk Category |
ECGC
Classification |
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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 |
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Off-credit |
D |
France - ECONOMIC OVERVIEW
France was transitioning from an economy that has featured extensive government ownership and intervention to one that relies more on market mechanisms but is in the midst of a euro-zone crisis. The government has partially or fully privatized many large companies, banks, and insurers, and has ceded stakes in such leading firms as Air France, France Telecom, Renault, and Thales. It maintains a strong presence in some sectors, particularly power, public transport, and defense industries. With at least 75 million foreign tourists per year, France is the most visited country in the world and maintains the third largest income in the world from tourism. France's leaders remain committed to a capitalism in which they maintain social equity by means of laws, tax policies, and social spending that reduce income disparity and the impact of free markets on public health and welfare. France's real GDP contracted 2.6% in 2009, but recovered somewhat in 2010 and 2011. The unemployment rate increased from 7.4% in 2008 to 9.3% in 2010 and 9.1% in 2011. Lower-than-expected growth and increased unemployment have cut government revenues and increased borrowing costs, contributing to a deterioration of France's public finances. The government budget deficit rose sharply from 3.4% of GDP in 2008 to 7.5% of GDP in 2009 before improving to 5.8% of GDP in 2011, while France's public debt rose from 68% of GDP to 86% over the same period. Under President SARKOZY, Paris implemented austerity measures that eliminated tax credits and froze most government spending in an effort to bring the budget deficit under the 3% euro-zone ceiling by 2013 and to highlight France's commitment to fiscal discipline at a time of intense financial market scrutiny of euro-zone debt levels. Socialist Francois HOLLANDE won the May 2012 presidential election, after advocating pro-growth economic policies, as well as measures such as forcing banks to separate their traditional deposit taking and lending activities from more speculative businesses, increasing taxes on bank profits, introducing a new top bracket on income taxes for people earning over €1 million ($1.3 million) a year, and hiring an additional 60,000 civil servants during his five-year term of office.
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Source : CIA |
Company name & address
StAubli Lyon SAS
31 rue des Freres Lumieres
BP 71
Chassieu,
France
Tel: +33 04 72 47 39 39
Fax: +33 04 78 90 28 36
Web: www.staubli.com
Synthesis
Employees: 224
Company Type: Private Subsidiary
Corporate Family: 15
Companies
Ultimate Parent: Staubli Holding Ag
Incorporation Date:
15-Nov-1983
Financials in: USD
(Millions)
Fiscal Year End:
31-Dec-2011
Reporting Currency: Euro
Annual Sales: 118.0
Total Assets: 85.5
Business Description
Staubli Lyon is primarily engaged in manufacture of textile machinery (machines for preparing, producing, extruding, drawing, texturing or cutting man-made textile fibres, materials or yarns; machines for preparing textile fibres: cotton gins, bale breakers, garnetters, cotton spreaders, wool scourers, wool carbonisers, combs, carders, roving frames, etc.; spinning machines; machines for preparing textile yarns: reelers, warpers and related machines; weaving machines (looms) including hand looms; knitting machines; machines for making knotted net, tulle, lace, braid, etc.); manufacture of auxiliary machines or equipment for textile machinery (dobbies, Jacquards, automatic stop motions, shuttle changing mechanisms, spindles and spindle flyers, etc.); manufacture of machinery for fabric processing (machinery for washing, bleaching, dyeing, dressing, finishing, coating or impregnating textile fabrics; manufacture of machines for reeling, unreeling, folding, cutting or pinking textile fabrics); manufacture of laundry machinery (ironing machines including fusing presses; laundry-type washing and drying machines; dry cleaning machines); manufacture of sewing machines, sewing machine heads and sewing machine needles; manufacture of machines for producing or finishing felt or nonwovens; manufacture of leather machines (machinery for preparing, tanning or working hides, skins or leather; and machinery for making or repairing footwear or other articles of hides, skins, leather or furskins).
Industry
Industry Miscellaneous Capital Goods
ANZSIC 2006: 2469 - Other
Specialised Machinery and Equipment Manufacturing
NACE 2002: 2954 - Manufacture
of machinery for textile, apparel and leather production
NAICS 2002: 333292 - Textile
Machinery Manufacturing
UK SIC 2003: 2954 - Manufacture
of machinery for textile, apparel and leather production
UK SIC 2007: 2894 - Manufacture
of machinery for textile, apparel and leather production
US SIC 1987: 3552 - Textile
Machinery
Key Executives
|
Name |
Title |
|
Rolf Strebel |
Directeur General |
|
Joseph Palau |
President |
|
Alain Granger |
Directeur Administratif & Financier |
|
Christian Guinet |
Commercial director, Marketing director |
|
Monique Dumas |
Director |
1 - Profit & Loss Item Exchange Rate: USD 1 = EUR 0.7191895
2 - Balance Sheet Item Exchange Rate: USD 1 = EUR 0.770327
Corporate Overview
Location
31 rue des Frères Lumières
BP 71
Chassieu, France
Tel: +33 04 72 47 39 39
Fax: +33 04 78 90 28 36
Web: www.staubli.com
Sales EUR(mil): 84.9
Assets EUR(mil): 65.8
Employees: 224
Fiscal Year End: 31-Dec-2011
Industry: Miscellaneous
Capital Goods
Incorporation Date: 15-Nov-1983
Company Type: Private
Subsidiary
Quoted Status: Not
Quoted
Previous Name: Staubli
Verdol
Registered No.(FRA): 328103981
Directeur General: Rolf
Strebel
Contents
Industry Codes
Business Description
Financial Data
Key Corporate Relationships
Industry Codes
ANZSIC 2006 Codes:
2469 - Other Specialised Machinery and Equipment Manufacturing
NACE 2002 Codes:
2954 - Manufacture of machinery for textile, apparel and leather
production
NAICS 2002 Codes:
333292 - Textile Machinery Manufacturing
US SIC 1987:
3552 - Textile Machinery
UK SIC 2003:
2954 - Manufacture of machinery for textile, apparel and leather
production
UK SIC 2007:
2894 - Manufacture of machinery for textile, apparel and leather
production
Business
Description
Manufacture of equipment and machinery for the weaving industry
More Business
Descriptions
Staubli Lyon is primarily engaged in manufacture of textile machinery (machines for preparing, producing, extruding, drawing, texturing or cutting man-made textile fibres, materials or yarns; machines for preparing textile fibres: cotton gins, bale breakers, garnetters, cotton spreaders, wool scourers, wool carbonisers, combs, carders, roving frames, etc.; spinning machines; machines for preparing textile yarns: reelers, warpers and related machines; weaving machines (looms) including hand looms; knitting machines; machines for making knotted net, tulle, lace, braid, etc.); manufacture of auxiliary machines or equipment for textile machinery (dobbies, Jacquards, automatic stop motions, shuttle changing mechanisms, spindles and spindle flyers, etc.); manufacture of machinery for fabric processing (machinery for washing, bleaching, dyeing, dressing, finishing, coating or impregnating textile fabrics; manufacture of machines for reeling, unreeling, folding, cutting or pinking textile fabrics); manufacture of laundry machinery (ironing machines including fusing presses; laundry-type washing and drying machines; dry cleaning machines); manufacture of sewing machines, sewing machine heads and sewing machine needles; manufacture of machines for producing or finishing felt or nonwovens; manufacture of leather machines (machinery for preparing, tanning or working hides, skins or leather; and machinery for making or repairing footwear or other articles of hides, skins, leather or furskins).
Other Industrial Machinery Manufacturing
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Corporate Family |
Corporate
Structure News: |
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Stäubli
Holding Ag |
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Stäubli Lyon SAS |
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Company
Name |
Company
Type |
Location |
Country |
Industry |
Sales |
Employees |
|
Parent |
Pfäffikon, Schwyz |
Switzerland |
Miscellaneous Financial Services |
|||
|
Subsidiary |
Horgen |
Switzerland |
Miscellaneous Capital Goods |
22.1 |
4,000 |
|
|
Subsidiary |
Faverges |
France |
Miscellaneous Capital Goods |
429.5 |
1,049 |
|
|
Subsidiary |
Massy |
France |
Construction and Agriculture Machinery |
45.8 |
82 |
|
|
Subsidiary |
Annecy Le Vieux |
France |
Construction and Agriculture Machinery |
32.1 |
77 |
|
|
Subsidiary |
Maia, Maia |
Portugal |
Retail (Specialty) |
1.1 |
10 |
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Subsidiary |
Bayreuth, Bayern |
Germany |
Commercial Banks |
307.4 |
750 |
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Subsidiary |
Bayreuth, Bayern |
Germany |
Miscellaneous Capital Goods |
310 |
||
|
Subsidiary |
Weil Am Rhein, Baden-Württemberg |
Germany |
Electronic Instruments and Controls |
120 |
||
|
Subsidiary |
Bayreuth, Bayern |
Germany |
Miscellaneous Capital Goods |
110 |
||
|
Subsidiary |
Chemnitz, Sachsen |
Germany |
Miscellaneous Capital Goods |
75 |
||
|
Subsidiary |
Chassieu |
France |
Miscellaneous Capital Goods |
118.0 |
278 |
|
|
Subsidiary |
Essen, Nordrhein-Westfalen |
Germany |
Miscellaneous Fabricated Products |
22.5 |
150 |
|
|
Subsidiary |
Carate Brianza, Monza E Brianza |
Italy |
Miscellaneous Capital Goods |
50.2 |
130 |
|
|
Subsidiary |
Hesingue |
France |
Miscellaneous Capital Goods |
32.4 |
108 |
Executive report
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Executives |
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Directeur Général |
Chief Executive Officer |
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President |
President |
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Director |
Administration Executive |
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Directeur Administratif & Financier |
Administration Executive |
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Director |
Administration Executive |
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Director |
Administration Executive |
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Director |
Administration Executive |
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Commercial director, Marketing director |
Marketing Executive |
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Directeur Communication |
Corporate Communications Executive |
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Directeur Technique |
Engineering/Technical Executive |
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Directeur Production |
Manufacturing Executive |
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Directeur Achats |
Purchasing Executive |
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Annual profit & loss
|
31-Dec-2011 |
31-Dec-2010 |
31-Dec-2009 |
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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) |
0.71919 |
0.755078 |
0.719047 |
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Consolidated |
No |
No |
No |
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Total income |
129.7 |
134.8 |
72.4 |
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Net sales |
118.0 |
127.8 |
68.1 |
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Change in stock |
0.6 |
-5.3 |
4.0 |
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Unfinished work in progress |
-1.6 |
3.9 |
-1.2 |
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Own work capitalised |
0.6 |
0.3 |
0.4 |
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Subsidies for operating costs |
0.0 |
- |
- |
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Supplementary operating income |
12.3 |
2.8 |
5.2 |
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Other operating income |
0.4 |
0.0 |
- |
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Other external charges |
37.1 |
37.3 |
10.7 |
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Cost of goods sold |
55.7 |
70.5 |
39.2 |
|
Taxes and social security costs |
1.8 |
1.8 |
1.6 |
|
Social charges |
6.0 |
5.5 |
4.9 |
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Total payroll costs |
12.0 |
11.8 |
13.2 |
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Cost of stock depreciation and
amortisation |
7.5 |
4.8 |
8.7 |
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Fixed asset depreciation and amortisation |
5.4 |
4.9 |
7.1 |
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Other operating costs |
4.3 |
4.7 |
2.4 |
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Total operating
costs |
130.3 |
136.0 |
91.8 |
|
Net operating
income |
-0.6 |
-1.2 |
-19.4 |
|
Total financial
income |
1.4 |
2.8 |
1.2 |
|
Interest payable on loans |
0.0 |
0.0 |
0.0 |
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Other expenses |
0.8 |
0.8 |
0.5 |
|
Total expenses |
0.8 |
0.8 |
0.5 |
|
Profit before tax |
0.0 |
0.8 |
-18.8 |
|
Extraordinary income |
6.2 |
3.6 |
3.5 |
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Extraordinary expenses |
5.7 |
3.4 |
2.7 |
|
Extraordinary result |
0.5 |
0.2 |
0.8 |
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Total taxation |
-1.3 |
-1.4 |
-1.5 |
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Profit distributed to employees |
1.4 |
1.6 |
0.0 |
|
Net profit |
0.4 |
0.8 |
- |
|
Net loss |
- |
- |
16.4 |
Annual
Balance Sheet
Financials in: USD (mil)
|
31-Dec-2011 |
31-Dec-2010 |
31-Dec-2009 |
|
|
Filed Currency |
EUR |
EUR |
EUR |
|
Exchange Rate |
0.770327 |
0.745406 |
0.696986 |
|
Consolidated |
No |
No |
No |
|
|
|
|
|
|
Issued capital |
4.2 |
4.3 |
4.6 |
|
Legal reserves |
7.0 |
9.0 |
9.5 |
|
Total reserves |
43.8 |
43.7 |
72.2 |
|
Profits for the year |
0.3 |
0.8 |
-16.9 |
|
Profit brought forward from previous
year(s) |
0.0 |
0.7 |
-8.5 |
|
Total
stockholders equity |
55.4 |
58.6 |
60.9 |
|
Provisions and allowances |
6.3 |
7.6 |
4.0 |
|
Trade creditors |
13.2 |
18.1 |
12.3 |
|
Advances received |
2.3 |
4.9 |
2.8 |
|
Bank loans and overdrafts |
0.5 |
0.9 |
0.8 |
|
Current bank debts |
0.5 |
0.9 |
- |
|
Other loans |
0.0 |
0.1 |
0.1 |
|
Other liabilities |
2.6 |
4.1 |
3.7 |
|
Debts on fixed assets |
1.3 |
0.3 |
- |
|
Income stated in advance |
0.3 |
0.4 |
0.4 |
|
Taxation and social security |
3.7 |
4.9 |
3.7 |
|
Total current
liabilities |
21.4 |
28.7 |
20.7 |
|
Total debts |
23.8 |
33.7 |
23.6 |
|
Regularisation account |
0.0 |
0.2 |
0.1 |
|
Total
liabilities (including net worth) |
85.5 |
100.1 |
88.7 |
|
Patents |
2.0 |
3.1 |
0.0 |
|
Land |
1.3 |
1.3 |
1.4 |
|
Buildings |
3.5 |
4.2 |
4.7 |
|
Other fixed assets |
10.0 |
9.9 |
11.2 |
|
Other financial assets |
0.0 |
0.0 |
0.0 |
|
Total
non-current assets |
16.9 |
18.4 |
17.4 |
|
Prepayments |
- |
- |
0.0 |
|
Net stocks and work in progress |
24.3 |
26.2 |
17.7 |
|
Trade debtors |
26.3 |
34.0 |
26.7 |
|
Other receivables |
16.0 |
19.0 |
25.8 |
|
Prepaid expenses |
0.5 |
0.6 |
0.3 |
|
Cash and liquid assets |
1.5 |
1.8 |
0.6 |
|
Total current
assets |
68.6 |
81.5 |
71.1 |
|
Prepaid expenses and deferred costs |
0.0 |
0.1 |
0.2 |
|
Total assets |
85.5 |
100.1 |
88.7 |
Annual
Ratios
Financials in: USD (mil)
|
31-Dec-2011 |
31-Dec-2010 |
31-Dec-2009 |
|
|
Period Length |
12 Months |
12 Months |
12 Months |
|
Filed Currency |
EUR |
EUR |
EUR |
|
Exchange Rate |
0.770327 |
0.745406 |
0.696986 |
|
Consolidated |
No |
No |
No |
|
|
|
|
|
|
Current ratio |
3.20 |
2.80 |
3.40 |
|
Quick ratio |
2.10 |
1.90 |
2.60 |
|
Total liabilities to net worth |
0.45% |
0.61% |
0.39% |
|
Net worth to total assets |
0.62% |
0.55% |
0.68% |
|
Collection period |
72.40 |
79.70 |
115.30 |
|
Stock turnover rate |
4.50 |
4.90 |
4.00 |
|
Asset turnover |
1.29% |
1.29% |
0.79% |
|
Profit margin |
- |
0.01% |
-0.28% |
|
Return on assets |
- |
0.01% |
-0.22% |
|
Shareholders' return |
- |
0.02% |
-0.32% |
|
Sales per employee |
2,485.84 |
2,903.19 |
1,333.49 |
|
Profit per employee |
-0.57 |
18.64 |
-367.09 |
|
Average wage per employee |
253.45 |
268.97 |
259.25 |
|
Net worth |
55.4 |
58.6 |
60.9 |
|
Number of employees |
224 |
218 |
241 |
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.54.39 |
|
UK Pound |
1 |
Rs.87.78 |
|
Euro |
1 |
Rs.71.29 |
INFORMATION DETAILS
|
Report Prepared
by : |
MNL |
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.