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Report Date : |
08.11.2012 |
IDENTIFICATION DETAILS
|
Name : |
HAEFELY TEST AG |
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Registered Office : |
Birsstrasse
300 4052 Basel/BS |
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Country : |
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Financials (as on) : |
31.12.2011 |
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Date of Incorporation : |
04.06.1999 |
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Com. Reg. No.: |
270.3.012.275-8
/ 458610 |
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Legal Form : |
Company
Limited by Shares |
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Line of Business : |
Wholesale of electronic and telecommunications equipment and parts |
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No. of Employees : |
100 |
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RATING & COMMENTS
|
MIRA’s Rating : |
Ba |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
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 (31.03.2011) |
Current Rating (30.06.2012) |
|
Switzerland |
A1 |
A1 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
|
Moderate |
B1 |
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High |
B2 |
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Very High |
C1 |
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Restricted |
C2 |
|
Off-credit |
D |
SWITZERLAND - ECONOMIC OVERVIEW
Switzerland is a peaceful,
prosperous, and modern market economy with low unemployment, a highly skilled
labor force, and a per capita GDP among the highest in the world. Switzerland's
economy benefits from a highly developed service sector, led by financial
services, and a manufacturing industry that specializes in high-technology,
knowledge-based production. Its economic and political stability, transparent
legal system, exceptional infrastructure, efficient capital markets, and low
corporate tax rates also make Switzerland one of the world's most competitive
economies. The Swiss have brought their economic practices largely into
conformity with the EU's, to enhance their international competitiveness, but
some trade protectionism remains, particularly for its small agricultural
sector. The fate of the Swiss economy is tightly linked to that of its
neighbors in the euro zone, which purchases half of all Swiss exports. The
global financial crisis of 2008 and resulting economic downturn in 2009 stalled
export demand and put Switzerland in a recession. The Swiss National Bank (SNB)
during this period effectively implemented a zero-interest rate policy to boost
the economy as well as prevent appreciation of the franc, and Switzerland's
economy recovered in 2010 with 2.7% growth. The sovereign debt crises currently
unfolding in neighboring euro-zone countries pose a significant risk to
Switzerland's financial stability and are driving up demand for the Swiss franc
by investors seeking a safehaven currency. The independent SNB has upheld its
zero-interest rate policy and conducted major market interventions to prevent
further appreciation of the Swiss franc, but parliamentarians have urged it to
do more to weaken the currency. The franc's strength has made Swiss exports
less competitive and weakened the country's growth outlook; GDP growth fell to
2.1% in 2011. Switzerland has also come under increasing pressure from
individual neighboring countries, the EU, the US, and international
institutions to reform its banking secrecy laws. Consequently, the government
agreed to conform to OECD regulations on administrative assistance in tax
matters, including tax evasion. The government has renegotiated its double
taxation agreements with numerous countries, including the US, to incorporate
the OECD standard, and in 2011 it reached deals with Germany and the UK to
resolve outstanding issues, particularly the possibility of imposing taxes on
bank deposits held by foreigners. These steps will have a lasting impact on
Switzerland's long history of bank secrecy.
Source : CIA
Haefely Test AG
Operating address:
Birsstrasse 300
4052 Basel/BS
Switzerland/CH
Telephone: 061
3734111
Fax: 061
3734911
Web site: http://www.haefely.com
E-mail: sales@haefely.com
VAT-No.: CHE106842541
Established: 1904
History: 1904: Established as Emil Haefely & Cie
Line of Business: Consumer goods wholesale, Measurement and control
technology
Industry Division: Wholesale trade, Manufacturing
Industry-code (NACE): 4652 Wholesale of
electronic and telecommunications equipment and parts
2651 Manufacture of instruments and appliances
for measuring, testing and navigation
Import/Export: Import,
Export
Banks: unknown
Coverage: Company
Figures: approximately
Employees: 100
As market leader in
various high-voltage test products the company provides the test, measurement
and diagnostic equipment for a wide range of electrical applications. Test systems
for laboratory, factory and field use are available.
Information on
property ownership was not available.
Company No: 270.3.012.275-8
/ 458610
Legal form: Company
limited by shares
Registration: 04.06.1999
Legal status: active
Responsible Register: Handelsregister des Kantons Basel-Stadt
History: Date
of Statutes: 06.09.2006
Date
of Statutes: 14.05.2003
Date
of Statutes: 22.10.2001
Date
of Statutes: 09.07.1999
Date
of Incorporation Statutes: 02.06.1999
Entry Deleted Name
04.06.1999 Haefely
Test AG
04.06.1999 Haefely
Test Ltd (Name translated)
04.06.1999 Haefely
Test SA (Name translated)
Entry Deleted Legal domicile
04.06.1999 Basel,
Switzerland
Entry Deleted Address
01.07.2011 Birsstr.
300, 4052 Basel/BS, Switzerland/CH
11.08.2006 01.07.2011 Lehenmattstrasse 353, 4052 Basel,
Switzerland/CH
Entry Deleted Capital
23.11.2006 Share
Capital CHF 6'000'000, paidup CHF 6'000'000
Entry Deleted Capital Structure
23.11.2006 6'000
Registered shares of CHF 1'000.--
Entry Deleted Activity (original Language)
04.06.1999 Geschäftstätigkeit
auf dem Gebiet der Testanlagen auf dem Hochspannungssektor, Anbieten der damit
verbundenen Produkte und Dienstleistungen sowie Erwerb, Verkauf und Nutzung von
Rechten an Geistigem Eigentum, insbesondere an der Marke "Haefely".
Die Gesellschaft kann Rechte an Mobilien und Immobilien direkt oder indirekt
erwerben, verkaufen oder nutzen. Sie kann auch Transaktionen finanzieller und
geschäftlicher Art, oder im Zusammenhang mit Mobilien und Immobilien, tätigen
sowie Transaktionen, die direkt oder indirekt mit dem Gesellschaftszweck
zusammenhängen oder diesen fördern.
Entry Deleted Remarks (original Language)
23.11.2006 Shares:
Vernichtung von 18'754 Namenaktien zu CHF 1'000.--. Verwendung des
Herabsetzungsbetrages im Umfang von CHF 2'833'930.-- zur Beseitigung einer
Unterbilanz und im Übrigen zur Rückzahlung. Beachtung der gesetzlichen
Vorschriten gemäss Art. 734 OR durch öffentliche Urkunde vom 20.11.2006
festgestellt.
15.05.2003 Shares:
Abschreibung von 11'000 Namenaktien zu CHF 1'000.-- im Sinne von Art. 735 OR
und gleichzeitig Ausgabe von 11'384 Namenaktien zu CHF 1'000.--.
22.10.2001 Contribution
in kind/Asset takeover: Saldoforderung in Höhe von USD 8'000'000.-- von der
"Hubbell Canada Inc.", in Pickering (Ontario, CDN), gemäss
Sacheinlagevertrag vom 22.10.2001 zum Preis von CHF 12'960'000.-- und zum Kurs
von 1.62 USD/CHF, wofür 12'960 Namenaktien zu CHF 1'000.-- ausgegeben werden.
13.07.1999 Contribution
in kind/Asset takeover: Saldoforderung in Höhe von USD 7'250'000.-- von der
"Hubell Canada Inc.", in Pickering (Ontario, CDN), gemäss
Sacheinlagevertrag vom 09.07.1999 zum Preis von CHF 11'310'000.-- und zum Kurs
von 1.56 USD/CHF, wofür 11'310 Namenaktien zu CHF 1'000.-- ausgegeben werden.
04.06.1999 Publishing
authority: SHAB.
04.06.1999 Contribution
in kind/Asset takeover: Einzelne Aktiven und einzelne Passiven der "Trench
Switzerland AG", in Basel, zum Preis von höchstens USD 27'000'000.--.
04.06.1999 Reports:
Mitteilungen an die Aktionäre: Schriftlich.
Entry Deleted Branches
04.08.2000 03.07.2002 , Dietikon, ZH, Switzerland/CH
Title Name
President Richard
W. Davies, Origin: United States of America, Residential address: Woodbury,
United States of America, joint signature of two, Registered since: 19.08.1999
Vice-President Markus
Schneider, Origin: Münchenstein, Switzerland, Residential address: Möhlin,
Switzerland, joint signature of two, Registered since: 12.07.2000
Director Dr.
Claude Lambert, Origin: Zürich, Genf, Switzerland, Residential address: Zürich,
Switzerland, joint signature of two, Registered since: 04.06.1999
Title Name
Director Reinhold
Grob, Origin: Zürich, Wiesendangen, Switzerland, Residential address:
Frauenfeld, Switzerland, joint signature of two, Registered since: 19.08.1999
Director Markus
Schneider, Origin: Münchenstein, Switzerland, Residential address: Möhlin,
Switzerland, joint signature of two, Registered since: 12.07.2000
Vice-Director Peter
Schikarski, Origin: Germany, Residential address: Lörrach , Germany, joint
signature of two, Registered since: 19.07.2001
Vice-Director Lukas
Walder, Origin: Basel, Wetzikon ZH, Switzerland, Residential address: 4132
Muttenz/BL, Switzerland, joint signature of two, Registered since: 19.07.2001
Company Secretary Gary Amato, Origin: United States of America,
Residential address: Ohio , United States of America, joint signature of two,
Registered since: 12.07.2000
Member with procuration Michael Gamlin, Origin: Germany, Residential address:
Blotzeim , France, joint power of attorney of two, Registered since: 07.09.2005
Member with procuration Shreenivas Khare, Origin: Bottmingen, Switzerland, Residential
address: 4103 Bottmingen/BL, Switzerland, joint power of attorney of two,
Registered since: 12.07.2000
Member with procuration René Mäder, Origin: Aarau, Switzerland, Residential
address: Zürich, Switzerland, joint power of attorney of two, Registered since:
26.07.1999
Member with procuration Roman Peter Schönbucher, Origin: Basel, Switzerland,
Residential address: Grellingen, Switzerland, joint power of attorney of two,
Registered since: 07.09.2005
Title Name
Auditor PricewaterhouseCoopers
AG, Residential address: Basel, Switzerland, Registered since: 04.06.1999
Consolidation: consolidated
Industry: Trade/Industry
Fiscal year end: 31.12.2011 31.12.2010 31.12.2009 31.12.2008 31.12.2004
Number of months: 12 12 12 12 12
Currency: mil.
USD mil. USD mil. USD mil. USD mil.
USD
Balance Sheet
Intangible fixed assets 996.8 1'091.2 1'149.7 812.2
Tangible fixed assets 359.6 358.3 368.8 349.1
Financial fixed assets 42.0 30.2 28.1 35.1
other fixed assets 94.6
Fixed assets 1'493.0 1'479.7 1'546.6 1'196.4
Stocks 318.3 298.4 263.5 335.2
Trade accounts receivable 394.3 341.8 310.1 357.0
Liquid assets 569.6 520.7 258.5 178.2
Securities 12.8
other trade accounts 58.5 65.2 85.8 48.7
Other current assets 640.9 585.9 344.3 226.9
Current assets 1'353.5 1'226.1 917.9 919.1
Total assets 2'846.5 2'705.8 2'464.5 2'115.5 1'642.4
Capital 102.4 201.9 159.0 16.9 0.6
Other shareholders funds 1'365.4 1'257.3 1'139.2 991.2
Total shareholders equity 1'467.8 1'459.2 1'298.2 1'008.1 944.3
Minority interests 5.7 4.3 3.8 3.0
long term debt (financial debts) 596.3 595.9 497.2 497.4
Other non current liabilities 284.6 201.4 246.8 182.0
Non current liabilities 880.9 797.3 744.0 679.4
short term debt (financial debts) 2.9 1.8
Trade accounts payable 215.7 160.8 130.8 168.3
Accruals 251.0 260.5 266.8 237.0
other accounts payable 22.5 21.9 20.9 19.7
other current liabilities 273.5 282.4 287.7 256.7
Current liabilities 492.1 445.0 418.5 425.0
Shareh. equity, min. interests + liabilities 2'846.5 2'705.8 2'464.5 2'115.5
Profit and loss account
Sales 2'871.6 2'541.2 2'355.6 2'704.4
Net sales 2'871.6 2'541.2 2'355.6 2'704.4
Operating revenue 2'871.6 2'541.2 2'355.6 2'704.4 1'993.0
Cost of goods sold 1'947.9 1'712.5 1'629.7 1'901.0
Gross profit 923.7 828.7 725.9 803.4
Other operating expenses 499.9 460.9 433.7 460.4
Operating result 423.8 367.8 292.2 343.0 212.6
other financial revenues 1.3 0.1 0.3 2.8
Financial income 1.3 0.1 0.3 2.8
Interest expenses 30.9 31.1 30.9 27.4
other financial expenses 4.4 16.4
Financial expenses 35.3 47.5 30.9 27.4
Financial result -34.0 -47.4 -30.6 -24.6
Result before extraordinary items 389.8 320.4 261.6 318.4
Extraordinary Result 0.0 0.0 0.0 0.0
Result before taxes 389.8 320.4 261.6 318.4
Taxes 119.6 101.6 80.3 95.2
Result before minority interests 270.2 218.8 181.3 223.2 154.7
minority interests 2.3 1.6 1.2 0.5
Result for the financial year 267.9 217.2 180.1 222.7
Cash flow
Depreciation 68.2 72.5 70.6 63.1 48.9
Cash flow 338.4 291.3 251.9 286.3
Cash flow from operating activities 335.0 266.2 397.7 319.2
Investments in tangible fixed assets 55.4 29.4 49.4
Cash flow from investing activities -86.5 -54.7 -373.1 -306.4
Cash flow from financing activities -198.3 45.5 49.8 93.7
Others -1.3 5.2 5.9 -5.8
Change in liquidity 48.9 262.2 80.3 100.7
Liquidity at beginning of the year 520.7 258.5 178.2 77.5
Liquidity at end ot the year 569.6 520.7 258.5 178.2
Notes
Added value 488.9 424.0 363.1 408.9
Working Capital 496.9 479.4 442.8 523.9
Sales per Employee 0.2 0.2 0.2
Market capitalisation 3'165.0
Gross cost land and buildings 289.0 270.9 285.5 264.4
Gross cost other tangible fixed assets 648.5 635.8 620.0 611.5
Gross cost total 937.5 906.7 905.5 875.9
Insurance value total 0.0
Employees at
year end 13'500 13'000 12'700 11'400
Employees inland 7'200
Employees abroad 5'800
Offices abroad 0
Name: Hubbell
Incorporated
City/Country: Shelton/Connecticut,
United States of America/US
No. of Owner/-s: 1
Owner: The
company is foreign owned.
Class: 100%
Name: Hubbell
Incorporated
City/Country: Shelton/Connecticut,
United States of America/US
Interest: 100.00%
voting right, 100.00% capital interest
Name: Arrow
Consolidated Corporation
City/Country: Pennsylvania/Pennsylvania,
United States of America/US
Name: Artesanias
Baja, S. A. de C.V.
City/Country: Mexico/MX
Name: Austdac
Pty. Limited
City/Country: Australia/AU
Name: Bel
Manufacturera, S.A. de C.V.
City/Country: Mexico/MX
Name: Big
Sky Fabricators, Inc.
City/Country: Alabama/Alabama,
United States of America/US
Name: Big
Sky Land & Cattle Company, LLC
City/Country: Alabama/Alabama,
United States of America/US
Name: Burndy
Americas Inc.
City/Country: Delaware/Delaware,
United States of America/US
Name: Burndy
Canada Inc.
City/Country: Canada/CA
Name: Burndy
do Brasil Industria, Comercio, Importacao e Exportacao de Conectores Ltda.
City/Country: Brazil/BR
Name: Burndy
International Holdings S.a.r.l.
City/Country: Luxembourg,
Luxembourg/LU
Name: Burndy
LLC
City/Country: Delaware/Delaware,
United States of America/US
Name: Burndy
Products Mexico, S.A. de C.V.
City/Country: Mexico/MX
Name: Burndy
Technology LLC
City/Country: Delaware/Delaware,
United States of America/US
Name: CDR
de Mexico S. de R.L. de C.V.
City/Country: Mexico/MX
Name: CDR
Systems Corp.
City/Country: California/California,
United States of America/US
Name: Chalmit
Lighting Limited
City/Country: United
Kingdom/GB
Name: Columbia
Lighting Properties, Inc.
City/Country: Michigan/Michigan,
United States of America/US
Name: Dongguan
Hubbell Electrical Products Company Limited
City/Country: China/CN
Name: Dual-Lite
Cayman Limited
City/Country: Cayman
Islands/KY
Name: ECO
PLUS, LLC
City/Country: Wisconsin/Wisconsin,
United States of America/US
Name: Electro
Composites (2008) ULC
City/Country: Canada/CA
Name: Fábrica
de Pecas Elétricas Delmar Ltda.
City/Country: Brazil/BR
Name: Fargo
Mfg. Company, Inc.
City/Country: New
York/New York, United States of America/US
Name: GAI-Tronics
Corporation
City/Country: Delaware/Delaware,
United States of America/US
Name: GAI-Tronics
Limited
City/Country: United
Kingdom/GB
Name: GAI-Tronics
S.r.l.
City/Country: Italy/IT
Name: Gleason
Reel Corp.
City/Country: Delaware/Delaware,
United States of America/US
Name: Harvey
Hubbell, Incorporated
City/Country: Connecticut/Connecticut,
United States of America/US
Name: Harvey
Hubbell Limited
City/Country: United
Kingdom/GB
Name: Hawke
Asia Pacific Pte. Ltd.
City/Country: Singapore/SG
Name: Hawke
Cable Glands Limited
City/Country: United
Kingdom/GB
Name: Hipotronics,
Inc.
City/Country: Delaware/Delaware,
United States of America/US
Name: Hub
Reinsurance Ltd.
City/Country: Bermuda/BM
Name: Hubbell
Asia Limited
City/Country: Hong
Kong, Hong Kong/HK
Name: Hubbell
Australia Holdco Limited
City/Country: Cayman
Islands/KY
Name: Hubbell
(Australia) Holdings Pty. Limited
City/Country: Australia/AU
Name: Hubbell
Building Automation, Inc.
City/Country: Austin/Texas,
United States of America/US
Name: Hubbell
Canada Investments LP
City/Country: Canada/CA
Name: Hubbell
Canada LP
City/Country: Canada/CA
Name: Hubbell
Caribe Limited
City/Country: Cayman
Islands/KY
Name: Hubbell
Cayman Investments Limited
City/Country: Cayman
Islands/KY
Name: Hubbell
Cayman Limited
City/Country: Cayman
Islands/KY
Name: Hubbell
Commercial and Trading (Shanghai) Co., Ltd.
City/Country: China/CN
Name: Hubbell
de Mexico, S.A. de C.V.
City/Country: Mexico/MX
Name: Hubbell
Distribution, Inc.
City/Country: Delaware/Delaware,
United States of America/US
Name: Hubbell
Electric (Wuhu) Co., Ltd.
City/Country: China/CN
Name: Hubbell
Entertainment, Inc.
City/Country: Delaware/Delaware,
United States of America/US
Name: Hubbell
Finance LLC
City/Country: Delaware/Delaware,
United States of America/US
Name: Hubbell
Holdings Limited
City/Country: United
Kingdom/GB
Name: Hubbell
Incorporated (Delaware)
City/Country: Delaware/Delaware,
United States of America/US
Name: Hubbell
Industrial Controls, Inc.
City/Country: Delaware/Delaware,
United States of America/US
Name: Hubbell
International, LLC
City/Country: Delaware/Delaware,
United States of America/US
Name: Hubbell
Investments Limited
City/Country: Cayman
Islands/KY
Name: Hubbell
Korea, Ltd.
City/Country: South
Korea/KR
Name: Hubbell
Lenoir City, Inc.
City/Country: Virginia/Virginia,
United States of America/US
Name: Hubbell
Lighting, Inc.
City/Country: Connecticut/Connecticut,
United States of America/US
Name: Hubbell
Limited
City/Country: United
Kingdom/GB
Name: Hubbell
Luxembourg S.á.r.l.
City/Country: Luxembourg,
Luxembourg/LU
Name: Hubbell
Management, Inc.
City/Country: Canada/CA
Name: Hubbell
Plastics, Inc.
City/Country: Delaware/Delaware,
United States of America/US
Name: Hubbell
Power Systems, Inc.
City/Country: Delaware/Delaware,
United States of America/US
Name: Hubbell
Switch Holding Co., Inc.
City/Country: Delaware/Delaware,
United States of America/US
Name: Hubbell-Anmex
Pte. Ltd.
City/Country: Singapore/SG
Name: Hubbell-Taian
Co., Ltd.
City/Country: Taiwan/TW
Name: HUBS,
Inc.
City/Country: Delaware/Delaware,
United States of America/US
Name: Kurt
Versen, Inc.
City/Country: Delaware/Delaware,
United States of America/US
Name: KV
Holding Co., Inc.
City/Country: Delaware/Delaware,
United States of America/US
Name: Lighting
Corporation of America
City/Country: Delaware/Delaware,
United States of America/US
Name: McGrane
de Mexico, S. de R.L. de C.V.
City/Country: Mexico/MX
Name: Newco
Condenser, Inc.
City/Country: Delaware/Delaware,
United States of America/US
Name: OB
Canada (1982) Inc.
City/Country: Canada/CA
Name: PCORE
Electric Company, Inc.
City/Country: Delaware/Delaware,
United States of America/US
Name: Progress
Lighting, Inc.
City/Country: Greenville/South
Carolina, United States of America/US
Name: Progress
Lighting Properties, Inc.
City/Country: Michigan/Michigan,
United States of America/US
Name: Progressive
Lighting, Inc. (North Carolina)
City/Country: North
Carolina/North Carolina, United States of America/US
Name: Progressive
Lighting, Inc. (South Carolina)
City/Country: South
Carolina/South Carolina, United States of America/US
Name: Pulse
Communications, Inc.
City/Country: Virginia/Virginia,
United States of America/US
Name: State
Street Corporation
City/Country: Boston/Massachusetts,
United States of America/US
Name: USCO
Power Equipment Corporation
City/Country: Alabama/Alabama,
United States of America/US
Name: Versen
Holdings, Inc.
City/Country: Delaware/Delaware,
United States of America/US
Name: Wepawaug
Canada Corp.
City/Country: Canada/CA
Name: Wepawaug
Development, LLC
City/Country: Delaware/Delaware,
United States of America/US
Investments
It is believed that
the company has no investments.
Control date Year No. Amount CHF Status
13.11.2009 2009 0
13.11.2009 2008 0
13.11.2009 2007 0
An updated legal
action check is only available against proof of interest. e.g. a copy of an
enquiry letter, and order or invoice relating to the subject company.
Financial Statements: The company does not disclose any financial statements. Third
parties are not permitted any insight into the financial affairs. It is
therefore difficult to make a proper assessment of the actual situation.
Financial Situation: The financial situation appears to be good.
Payment experiences: Financial obligations are met in an orderly manner.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.54.25 |
|
|
1 |
Rs.87.00 |
|
Euro |
1 |
Rs.69.83 |
INFORMATION DETAILS
|
Report
Prepared by : |
PRL |
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.