MIRA
INFORM REPORT
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Report Date : |
09.06.2012 |
IDENTIFICATION DETAILS
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Correct Name : |
SA ROTELEC |
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Registered Office : |
40 Rue Jean Jaures, Tour Mercuriale, Bagnolet, 93176 |
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Country : |
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Financials (as on) : |
30.06.2011 |
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Date of Incorporation : |
15.10.1977 |
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Com. Reg. No.: |
309456333 |
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Legal Form : |
Public Subsidiary Company |
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Line of Business : |
manufacturer of machines and equipment for handling hot metals (converters, ingot moulds, ladles, casting machines); and manufacture of metal-rolling mills and rolls for such mills |
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No. of Employees : |
36 |
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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France |
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 & address
Sa Rotelec
40 Rue Jean Jaures
Tour Mercuriale
Bagnolet, 93176
France
Tel: +33 01 49 72 22 69
Fax: +33 01 49 72 25 38
Synthesis
Employees: 36
Company Type: Public Subsidiary
Corporate Family: 2
Companies
Ultimate Parent: Danieli
International Holding Sa
Incorporation Date:
15-Oct-1977
Financials in: USD
(millions)
Fiscal Year End:
30-Jun-2011
Reporting Currency: Euro
Annual Sales: 22.7
Total Assets: 22.2
Business Description
Sa Rotelec is primarily engaged in manufacture of machines and equipment for handling hot metals (converters, ingot moulds, ladles, casting machines); and manufacture of metal-rolling mills and rolls for such mills.
Industry
Industry Miscellaneous Capital Goods
ANZSIC 2006: 2463 - Machine
Tool and Parts Manufacturing
NACE 2002: 2951 - Manufacture
of machinery for metallurgy
NAICS 2002: 333516 - Rolling
Mill Machinery and Equipment Manufacturing
UK SIC 2003: 2951 - Manufacture
of machinery for metallurgy
US SIC 1987: 3547 - Rolling
Mill Machinery and Equipment
Key Executives
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Name |
Title |
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Siebo Kunstreich |
Director, Sales director |
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Dominique Hamant |
Director |
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Ferruccio Della Vedova |
Member of the Board |
Registered
No.(FRA):
309456333
Corporate Overview
Location
40 Rue Jean Jaures
Tour Mercuriale
Bagnolet, 93176
France
Tel: +33 01 49 72 22 69
Fax: +33 01 49 72 25 38
Sales EUR(mil): 16.7
Assets EUR(mil): 15.3
Employees: 36
Fiscal Year End: 30-Jun-2011
Industry: Miscellaneous
Capital Goods
Incorporation Date: 15-Oct-1977
Company Type: Public
Subsidiary
Quoted Status: Not
Quoted
Registered No.(FRA): 309456333
Member of the Board: Ferruccio
Della Vedova
Contents
Industry Codes
Business Description
Financial Data
Key Corporate Relationships
Industry Codes
ANZSIC 2006 Codes:
2463 - Machine Tool and Parts Manufacturing
2499 - Other Machinery and Equipment Manufacturing Not Elsewhere
Classified
NACE 2002 Codes:
2951 - Manufacture of machinery for metallurgy
2956 - Manufacture of other special purpose machinery not
elsewhere classified
NAICS 2002 Codes:
333516 - Rolling Mill Machinery and Equipment Manufacturing
333298 - All Other Industrial Machinery Manufacturing
US SIC 1987:
3547 - Rolling Mill Machinery and Equipment
3569 - General Industrial Machinery and Equipment, Not Elsewhere
Classified
UK SIC 2003:
2956 - Manufacture of other special purpose machinery not
elsewhere classified
2951 - Manufacture of machinery for metallurgy
Business
Description
Sa Rotelec is primarily engaged in manufacture of machines and equipment for handling hot metals (converters, ingot moulds, ladles, casting machines); and manufacture of metal-rolling mills and rolls for such mills.
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Corporate
Family |
Corporate Structure News: |
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Sa Rotelec |
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Company Name |
Company Type |
Location |
Country |
Industry |
Sales |
Employees |
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Danieli International Holding Sa |
Parent |
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Sa Rotelec |
Subsidiary |
Bagnolet |
France |
Miscellaneous Capital Goods |
22.7 |
36 |
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Executive report
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Board
of Directors |
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Member of the Board |
Director/Board Member |
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Executives |
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Director |
Administration Executive |
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Director, Sales director |
Administration Executive |
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Annual Profit & Loss
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30-Jun-2011 |
30-Jun-2010 |
30-Jun-2009 |
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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) |
0.7347 |
0.721483 |
0.731067 |
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Consolidated |
No |
No |
No |
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Total income |
24.5 |
27.2 |
38.4 |
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Net sales |
22.7 |
29.4 |
33.7 |
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Unfinished work in progress |
- |
- |
2.4 |
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Supplementary operating income |
1.7 |
2.0 |
2.3 |
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Other operating income |
0.0 |
0.0 |
0.0 |
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Other external charges |
14.0 |
10.6 |
21.3 |
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Taxes and social security costs |
0.4 |
0.4 |
0.4 |
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Social charges |
1.5 |
1.3 |
1.3 |
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Total payroll costs |
3.3 |
3.3 |
3.2 |
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Cost of stock depreciation and
amortisation |
0.4 |
2.6 |
2.4 |
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Fixed asset depreciation and amortisation |
0.2 |
0.2 |
0.2 |
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Other operating costs |
0.2 |
0.7 |
0.2 |
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Total operating
costs |
19.8 |
19.0 |
28.9 |
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Net operating
income |
4.6 |
8.2 |
9.5 |
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Total financial
income |
0.0 |
0.0 |
0.1 |
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Other expenses |
0.0 |
0.0 |
0.0 |
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Total expenses |
0.0 |
0.0 |
0.0 |
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Profit before tax |
4.7 |
8.2 |
9.6 |
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Extraordinary income |
0.0 |
0.0 |
0.0 |
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Extraordinary expenses |
0.0 |
0.0 |
0.0 |
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Extraordinary result |
0.0 |
- |
- |
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Total taxation |
1.6 |
2.8 |
3.3 |
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Net profit |
3.1 |
5.4 |
6.3 |
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Annual Balance
Sheet
Financials in: USD (mil)
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30-Jun-2011 |
30-Jun-2010 |
30-Jun-2009 |
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Filed Currency |
EUR |
EUR |
EUR |
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Exchange Rate |
0.689727 |
0.816393 |
0.712936 |
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Consolidated |
No |
No |
No |
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Issued capital |
0.9 |
0.7 |
0.8 |
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Share premium account |
0.4 |
0.4 |
0.4 |
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Total reserves |
0.1 |
0.1 |
0.1 |
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Profits for the year |
3.3 |
4.8 |
6.5 |
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Profit brought forward from previous
year(s) |
6.6 |
5.0 |
4.5 |
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Total
stockholders equity |
11.3 |
11.0 |
12.3 |
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Provisions and allowances |
2.2 |
3.2 |
2.9 |
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Trade creditors |
3.1 |
0.9 |
3.2 |
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Advances received |
2.3 |
1.3 |
3.0 |
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Other liabilities |
0.0 |
0.0 |
0.0 |
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Income stated in advance |
1.7 |
- |
- |
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Taxation and social security |
1.6 |
1.1 |
2.2 |
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Total current
liabilities |
6.4 |
2.0 |
5.4 |
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Total debts |
8.7 |
3.3 |
8.4 |
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Total
liabilities (including net worth) |
22.2 |
17.4 |
23.6 |
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Patents |
0.1 |
0.1 |
0.1 |
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Land |
0.5 |
0.4 |
0.4 |
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Buildings |
0.9 |
0.8 |
1.0 |
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Other fixed assets |
0.2 |
0.1 |
0.2 |
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Other financial assets |
0.0 |
0.0 |
0.0 |
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Total
non-current assets |
1.7 |
1.4 |
1.8 |
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Prepayments |
0.1 |
- |
0.1 |
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Net stocks and work in progress |
0.3 |
0.9 |
5.3 |
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Trade debtors |
13.2 |
6.8 |
9.9 |
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Other receivables |
5.4 |
3.8 |
4.4 |
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Prepaid expenses |
0.2 |
0.1 |
0.2 |
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Cash and liquid assets |
1.4 |
4.4 |
1.9 |
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Total current
assets |
20.5 |
16.0 |
21.8 |
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Prepaid expenses and deferred costs |
0.0 |
- |
- |
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Total assets |
22.2 |
17.4 |
23.6 |
Annual Ratios
Financials in: USD (mil)
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30-Jun-2011 |
30-Jun-2010 |
30-Jun-2009 |
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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 |
0.689727 |
0.816393 |
0.712936 |
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Consolidated |
No |
No |
No |
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Current ratio |
3.20 |
7.80 |
4.10 |
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Quick ratio |
3.10 |
7.40 |
3.10 |
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Total liabilities to net worth |
0.77% |
0.30% |
0.69% |
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Net worth to total assets |
0.51% |
0.62% |
0.52% |
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Collection period |
165.00 |
79.20 |
87.20 |
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Stock turnover rate |
77.80 |
28.80 |
6.50 |
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Asset turnover |
1.09% |
1.49% |
1.47% |
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Profit margin |
0.21% |
0.28% |
0.28% |
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Return on assets |
0.23% |
0.41% |
0.42% |
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Shareholders' return |
0.44% |
0.66% |
0.81% |
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Sales per employee |
3,042.99 |
3,974.29 |
3,946.56 |
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Profit per employee |
626.04 |
1,102.79 |
1,118.80 |
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Average wage per employee |
439.45 |
442.79 |
369.53 |
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Net worth |
11.3 |
11.0 |
12.3 |
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Number of employees |
36 |
35 |
41 |
FOREIGN EXCHANGE RATES
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Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
Rs.55.36 |
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UK Pound |
1 |
Rs.85.64 |
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Euro |
1 |
Rs.69.21 |
INFORMATION DETAILS
|
Report Prepared
by : |
MNL |
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.