MIRA
INFORM REPORT
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Report Date : |
13.09.2012 |
IDENTIFICATION DETAILS
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Name : |
H.C.I CHEMICALS |
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Registered Office : |
Industrieweg 1, Loosdrecht, 1231 KG |
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Country : |
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Financials (as on) : |
31.12.2011 |
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Date of Incorporation : |
14.03.1972 |
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Com. Reg. No.: |
33132317 |
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Legal Form : |
Private Subsidiary Company |
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Line of Business : |
wholesale of industrial chemicals |
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No. of Employees : |
15 |
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) |
|
Netherlands |
A1 |
A1 |
|
Risk Category |
ECGC
Classification |
|
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 |
netherlands - ECONOMIC OVERVIEW
The Dutch economy is the fifth-largest economy in the euro-zone and is
noted for its stable industrial relations, moderate unemployment and inflation,
a sizable trade surplus, and an important role as a European transportation
hub. Industrial activity is predominantly in food processing, chemicals,
petroleum refining, and electrical machinery. A highly mechanized agricultural
sector employs only 2% of the labor force but provides large surpluses for the
food-processing industry and for exports. The Netherlands, along with 11 of its
EU partners, began circulating the euro currency on 1 January 2002. After 26
years of uninterrupted economic growth, the Dutch economy - highly dependent on
an international financial sector and international trade - contracted by 3.5%
in 2009 as a result of the global financial crisis. The Dutch financial sector
suffered, due in part to the high exposure of some Dutch banks to U.S.
mortgage-backed securities. In 2008, the government nationalized two banks and
injected billions of dollars of capital into other financial institutions, to
prevent further deterioration of a crucial sector. The government also sought
to boost the domestic economy by accelerating infrastructure programs, offering
corporate tax breaks for employers to retain workers, and expanding export
credit facilities. The stimulus programs and bank bailouts, however, resulted
in a government budget deficit of 5.3% of GDP in 2010 that contrasted sharply
with a surplus of 0.7% in 2008. The government of Prime Minister Mark RUTTE
began implementing fiscal consolidation measures in early 2011, mainly
reductions in expenditures, which resulted in an improved budget deficit of
3.8% of GDP.
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Source : CIA |
Company name & address
H.C.I Chemicals Nederland B.V.
Industrieweg 1
Loosdrecht, 1231 KG
Netherlands
Tel: 31-355889300
Fax: 31-355889309
Synthesis
Employees: 15
Company Type: Private Subsidiary
Corporate Family: 117
Companies
Ultimate Parent: Brenntag
AG
Incorporation Date:
14-Mar-1972
Financials in: USD
(Millions)
Fiscal Year End:
31-Dec-2011
Reporting Currency: Euro
Annual Sales: 133.3
Total Assets: 84.3
Business Description
H.C.I. Chemicals Nederland B.V. is primarily engaged in wholesale of
industrial chemicals (aniline, printing ink, essential oils, industrial gases,
chemical glues, colouring matter, synthetic resin, methanol, paraffin, scents
and flavourings, soda, industrial salt, acids and sulphur, starch derivatives,
etc.); wholesale of fertilisers and agro-chemical products; wholesale of
plastic materials in primary forms; and wholesale of rubber.
Industry
Industry Chemical Manufacturing
ANZSIC 2006: 3323 - Industrial
and Agricultural Chemical Product Wholesaling
NACE 2002: 5155 - Wholesale
of chemical products
NAICS 2002: 424690 - Other
Chemical and Allied Products Merchant Wholesalers
UK SIC 2003: 5155 - Wholesale
of chemical products
UK SIC 2007: 4675 - Wholesale
of chemical products
US SIC 1987: 5169 - Chemicals
and Allied Products, Not Elsewhere Classified
Key Executives
|
Name |
Title |
|
Gustaaf Oorthuys, |
General Manager |
|
Lorea Iriarte Furundarena |
Managing director |
|
Peter Staartjes |
Member of the board of directors |
|
Craigie Young |
Member of the board of directors |
Registered
No.(NLD): 33132317
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
Industrieweg 1
Loosdrecht, 1231 KG
Netherlands
Tel: 31-355889300
Fax: 31-355889309
Sales EUR(mil): 95.9
Assets EUR(mil): 65.0
Employees: 15
Fiscal Year End: 31-Dec-2011
Industry: Chemical
Manufacturing
Incorporation Date: 14-Mar-1972
Company Type: Private
Subsidiary
Quoted Status: Not
Quoted
Registered No.(NLD): 33132317
General Manager : Gustaaf
Oorthuys,
Contents
Industry Codes
Business Description
Financial Data
Key Corporate Relationships
Industry
Codes
ANZSIC 2006 Codes:
3323 - Industrial and Agricultural Chemical Product Wholesaling
NACE 2002 Codes:
5155 - Wholesale of chemical products
NAICS 2002 Codes:
424690 - Other Chemical and Allied Products Merchant Wholesalers
US SIC 1987:
5169 - Chemicals and Allied Products, Not Elsewhere Classified
UK SIC 2003:
5155 - Wholesale of chemical products
UK SIC 2007:
4675 - Wholesale of chemical products
Business
Description
Chemical Products Distr
More Business
Descriptions
H.C.I. Chemicals Nederland B.V. is primarily engaged in wholesale of industrial chemicals (aniline, printing ink, essential oils, industrial gases, chemical glues, colouring matter, synthetic resin, methanol, paraffin, scents and flavourings, soda, industrial salt, acids and sulphur, starch derivatives, etc.); wholesale of fertilisers and agro-chemical products; wholesale of plastic materials in primary forms; and wholesale of rubber.
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Corporate
Family |
Corporate
Structure News: |
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Brenntag AG |
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H.C.I Chemicals Nederland B.V. |
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Company Name |
Company Type |
Location |
Country |
Industry |
Sales |
Employees |
|
Parent |
Mulheim an der Ruhr |
Germany |
Chemical Manufacturing |
11,468.7 |
12,950 |
|
|
Subsidiary |
Toronto, ON |
Canada |
Chemical Manufacturing |
|
12,000 |
|
|
Branch |
Etobicoke, ON |
Canada |
Chemical Manufacturing |
106.7 |
80 |
|
|
Branch |
Lachine, QC |
Canada |
Chemical Manufacturing |
79.9 |
60 |
|
|
Branch |
Leduc, AB |
Canada |
Chemical Manufacturing |
40.0 |
30 |
|
|
Branch |
Mississauga, ON |
Canada |
Chemical Manufacturing |
39.3 |
30 |
|
|
Branch |
Winnipeg, MB |
Canada |
Chemical Manufacturing |
34.7 |
26 |
|
|
Branch |
Calgary, AB |
Canada |
Retail (Specialty) |
6.7 |
25 |
|
|
Branch |
Langley, BC |
Canada |
Chemical Manufacturing |
15.8 |
22 |
|
|
Branch |
Calgary, AB |
Canada |
Oil Well Services and Equipment |
3.0 |
15 |
|
|
Branch |
Montreal, QC |
Canada |
Chemical Manufacturing |
8.7 |
12 |
|
|
Branch |
Dartmouth, NS |
Canada |
Chemical Manufacturing |
13.3 |
10 |
|
|
Branch |
Grande Prairie, AB |
Canada |
Chemical Manufacturing |
13.0 |
10 |
|
|
Branch |
Fort St. John, BC |
Canada |
Construction Services |
1.9 |
7 |
|
|
Branch |
Red Deer, AB |
Canada |
Chemical Manufacturing |
7.8 |
6 |
|
|
Branch |
Cornwall, ON |
Canada |
Chemical Manufacturing |
6.7 |
5 |
|
|
Branch |
Drayton Valley, AB |
Canada |
Chemical Manufacturing |
6.7 |
5 |
|
|
Branch |
Calgary, AB |
Canada |
Chemical Manufacturing |
6.6 |
5 |
|
|
Branch |
Taber, AB |
Canada |
Chemical Manufacturing |
6.6 |
5 |
|
|
Branch |
Lloydminster, SK |
Canada |
Chemical Manufacturing |
6.5 |
5 |
|
|
Branch |
Ajax, ON |
Canada |
Chemical Manufacturing |
3.6 |
5 |
|
|
Subsidiary |
Plochingen |
Germany |
Chemical Manufacturing |
1.0 |
8,300 |
|
|
Subsidiary |
Kedzierzyn-Kozle |
Poland |
Chemical Manufacturing |
554.9 |
493 |
|
|
Subsidiary |
Bangkok |
Thailand |
Chemical Manufacturing |
250.0 |
380 |
|
|
Subsidiary |
Shah Alam |
Malaysia |
Chemical Manufacturing |
|
2,000 |
|
|
Subsidiary |
Sathon, Bangkok |
Thailand |
Chemical Manufacturing |
|
360 |
|
|
Subsidiary |
Legaspi, Makati |
Philippines |
Chemical Manufacturing |
8.0 |
50 |
|
|
Subsidiary |
Milan |
Italy |
Chemical Manufacturing |
462.6 |
329 |
|
|
Subsidiary |
Dordrecht |
Netherlands |
Chemical Manufacturing |
507.9 |
270 |
|
|
Subsidiary |
Deerlijk |
Belgium |
Chemical Manufacturing |
342.5 |
217 |
|
|
Subsidiary |
Chassieu |
France |
Chemical Manufacturing |
632.7 |
807 |
|
|
Subsidiary |
Vitrolles |
France |
Chemical Manufacturing |
11.1 |
8 |
|
|
Subsidiary |
Singapore |
Singapore |
Chemical Manufacturing |
285.0 |
137 |
|
|
Subsidiary |
Anagni, Frosinone |
Italy |
Chemical Manufacturing |
104.7 |
129 |
|
|
Subsidiary |
Dordrecht |
Netherlands |
Investment Services |
|
100 |
|
|
Subsidiary |
Singapore |
Singapore |
Chemical Manufacturing |
3.1 |
24 |
|
|
Subsidiary |
Guarulhos, Sao Paulo |
Brazil |
Chemical Manufacturing |
231.6 |
|
|
|
Branch |
Esteio, Rio Grande do Sul |
Brazil |
Chemical Manufacturing |
|
200 |
|
|
Subsidiary |
Dordrecht, Zuid-Holland |
Netherlands |
Business Services |
|
|
|
|
Subsidiary |
Guarulhos, Sao Paulo |
Brazil |
Miscellaneous Financial Services |
|
2 |
|
|
Subsidiary |
Leeds |
United Kingdom |
Business Services |
|
100 |
|
|
Subsidiary |
Leeds |
United Kingdom |
Business Services |
|
|
|
|
Subsidiary |
Leeds |
United Kingdom |
Chemical Manufacturing |
426.7 |
705 |
|
|
Subsidiary |
Valencia |
Venezuela |
Chemical Manufacturing |
|
100 |
|
|
Subsidiary |
Kaiserslautern |
Germany |
Chemical Manufacturing |
|
100 |
|
|
Subsidiary |
Malmö |
Sweden |
Miscellaneous Capital Goods |
128.5 |
91 |
|
|
Subsidiary |
Makati |
Philippines |
Chemical Manufacturing |
|
88 |
|
|
Subsidiary |
Loosdrecht |
Netherlands |
Chemical Manufacturing |
133.3 |
80 |
|
|
Subsidiary |
Loosdrecht |
Netherlands |
Chemical Manufacturing |
|
70 |
|
|
Subsidiary |
Houston, TX |
United States |
Chemical Manufacturing |
315.0 |
66 |
|
|
Subsidiary |
Guarulhos, SP |
Brazil |
Chemical Manufacturing |
329.0 |
215 |
|
|
Subsidiary |
Mosquera, Cundinamarca |
Colombia |
Chemical Manufacturing |
148.0 |
152 |
|
|
Subsidiary |
Guayaquil |
Ecuador |
Chemical Manufacturing |
|
105 |
|
|
Subsidiary |
Lima |
Peru |
Chemical Manufacturing |
18.0 |
100 |
|
|
Subsidiary |
Buenos Aires |
Argentina |
Chemical Manufacturing |
|
100 |
|
|
Subsidiary |
Santo Domingo |
Dominican Republic |
Chemical Manufacturing |
|
50 |
|
|
Subsidiary |
Guatemala |
Guatemala |
Chemical Manufacturing |
|
48 |
|
|
Subsidiary |
Santa Cruz |
Bolivia |
Chemical Manufacturing |
|
15 |
|
|
Subsidiary |
Mexico, San Martin |
Mexico |
Chemical Manufacturing |
|
|
|
|
Subsidiary |
Managua |
Nicaragua |
Chemical Manufacturing |
|
|
|
|
Subsidiary |
Santiago |
Chile |
Chemical Manufacturing |
|
|
|
|
Subsidiary |
Mumbai |
India |
Chemical Manufacturing |
|
60 |
|
|
Subsidiary |
Ballerup |
Denmark |
Chemical Manufacturing |
108.6 |
55 |
|
|
Subsidiary |
Halifax |
United Kingdom |
Chemical Manufacturing |
29.0 |
53 |
|
|
Subsidiary |
Mumbai |
India |
Biotechnology and Drugs |
1.0 |
40 |
|
|
Subsidiary |
Lohfelden |
Germany |
Chemical Manufacturing |
|
40 |
|
|
Subsidiary |
Kiev |
Ukraine |
Chemical Manufacturing |
|
30 |
|
|
Subsidiary |
Sofia |
Bulgaria |
Chemical Manufacturing |
|
30 |
|
|
Subsidiary |
Kingswinford |
United Kingdom |
Chemical Manufacturing |
|
30 |
|
|
Subsidiary |
Highett, VIC |
Australia |
Personal and Household Products |
15.9 |
27 |
|
|
Subsidiary |
Yeadon |
United Kingdom |
Beverages (Alcoholic) |
0.0 |
27 |
|
|
Subsidiary |
Leeds |
United Kingdom |
Chemical Manufacturing |
24.8 |
|
|
|
Subsidiary |
Leeds |
United Kingdom |
Business Services |
|
|
|
|
Subsidiary |
Melbourne, VIC |
Australia |
Chemical Manufacturing |
3.3 |
24 |
|
|
Subsidiary |
Sarpsborg |
Norway |
Chemical Manufacturing |
32.3 |
20 |
|
|
Subsidiary |
Jakarta |
Indonesia |
Chemical Manufacturing |
6.0 |
20 |
|
|
Subsidiary |
Dublin |
Ireland |
Chemical Manufacturing |
17.0 |
18 |
|
|
Subsidiary |
Singapore |
Singapore |
Chemical Manufacturing |
|
16 |
|
|
Subsidiary |
Lugo, Ravenna |
Italy |
Food Processing |
20.7 |
13 |
|
|
Subsidiary |
Taipei |
Taiwan |
Chemical Manufacturing |
1.0 |
10 |
|
|
Subsidiary |
Caguas, PR |
United States |
Chemical Manufacturing |
|
10 |
|
|
Subsidiary |
Vitrolles |
France |
Chemical Manufacturing |
5.9 |
6 |
|
|
Subsidiary |
Warsaw |
Poland |
Chemical Manufacturing |
|
3 |
|
|
Subsidiary |
Leeds |
United Kingdom |
Chemical Manufacturing |
8.7 |
|
|
|
Subsidiary |
Zagreb |
Croatia |
Chemical Manufacturing |
|
|
|
|
Subsidiary |
Dusseldorf |
Germany |
Real Estate Operations |
|
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|
|
Subsidiary |
Makati |
Philippines |
Chemical Manufacturing |
|
|
|
|
Subsidiary |
Bydgoszcz |
Poland |
Business Services |
|
|
|
|
Subsidiary |
Dordrecht |
Netherlands |
Investment Services |
|
|
|
|
Subsidiary |
Pezinok |
Slovakia |
Chemical Manufacturing |
|
|
|
|
Subsidiary |
Bangkok |
Thailand |
Chemical Manufacturing |
|
|
|
|
Subsidiary |
Sandbach |
United Kingdom |
Water Utilities |
|
|
|
|
Subsidiary |
Warsaw |
Poland |
Chemical Manufacturing |
|
|
|
|
Subsidiary |
Istanbul |
Turkey |
Chemical Manufacturing |
|
|
|
|
Subsidiary |
Vienna |
Austria |
Chemical Manufacturing |
|
|
|
|
Subsidiary |
Chassieu |
France |
Investment Services |
|
|
|
|
Subsidiary |
Milan |
Italy |
Investment Services |
|
|
|
|
Subsidiary |
Budapest |
Hungary |
Chemical Manufacturing |
|
|
|
|
Subsidiary |
Santiago |
Chile |
Chemical Manufacturing |
|
|
|
|
Subsidiary |
Dhaka |
Bangladesh |
Chemical Manufacturing |
|
|
|
|
Subsidiary |
Dordrecht |
Netherlands |
Chemical Manufacturing |
|
|
|
|
Subsidiary |
Jakarta |
Indonesia |
Chemical Manufacturing |
|
|
|
|
Subsidiary |
Ariana |
Tunisia |
Chemical Manufacturing |
|
|
|
|
Subsidiary |
Ljubljana |
Slovenia |
Chemical Manufacturing |
|
|
|
|
Subsidiary |
Hamilton |
Bermuda |
Chemical Manufacturing |
|
|
|
|
Subsidiary |
Shah Alam, Selangor |
Malaysia |
Chemical Manufacturing |
|
|
|
|
Subsidiary |
Rouiba, Algiers |
Algeria |
Chemical Manufacturing |
|
|
|
|
Subsidiary |
Melbourne, VIC |
Australia |
Business Services |
|
|
|
|
Subsidiary |
Berlin |
Germany |
Chemical Manufacturing |
|
|
|
|
Subsidiary |
Riga |
Latvia |
Chemical Manufacturing |
|
|
|
|
Subsidiary |
Chassieu |
France |
Chemical Manufacturing |
|
|
|
|
Subsidiary |
Kekava |
Latvia |
Chemical Manufacturing |
|
|
|
|
Subsidiary |
Kaunas |
Lithuania |
Chemical Manufacturing |
|
|
|
|
Subsidiary |
Vienna |
Austria |
Investment Services |
|
|
|
|
Subsidiary |
Dordrecht |
Netherlands |
Chemical Manufacturing |
|
|
|
|
Subsidiary |
San Pedro Sula |
Honduras |
Chemical Manufacturing |
|
|
|
|
Subsidiary |
San Jose |
Costa Rica |
Chemical Manufacturing |
|
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Executive report
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Board
of Directors |
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Member of the board of directors |
Director/Board Member |
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|||
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Member of the board of directors |
Director/Board Member |
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Executives |
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|||
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General Manager |
Division Head Executive |
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|||
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Managing director |
Managing Director |
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Annual Profit & Loss
|
|
31-Dec-2011 |
31-Dec-2010 |
31-Dec-2009 |
|
Period Length |
12 Months |
12 Months |
12 Months |
|
Filed Currency |
EUR |
EUR |
EUR |
|
Exchange Rate
(Period Average) |
0.71919 |
0.755078 |
0.719047 |
|
Consolidated |
No |
No |
No |
|
|
|
|
|
|
Net sales |
133.3 |
110.4 |
86.0 |
|
Other operating income |
- |
0.2 |
0.4 |
|
Cost of goods sold |
127.8 |
106.9 |
83.4 |
|
Cost of sales |
127.8 |
106.9 |
83.4 |
|
Gross profit |
5.5 |
3.5 |
2.7 |
|
Total payroll costs |
1.7 |
1.5 |
1.6 |
|
Other operating costs |
1.2 |
1.1 |
0.8 |
|
Net operating
income |
2.6 |
1.2 |
0.7 |
|
Total financial
income |
- |
0.7 |
1.6 |
|
Total expenses |
- |
0.6 |
0.6 |
|
Profit before tax |
3.3 |
1.3 |
1.7 |
|
Profit attributable to minority interest
shareholdings |
- |
- |
0.5 |
|
Profit on ordinary activities after tax |
3.3 |
1.3 |
2.2 |
|
Profit after tax |
3.3 |
1.3 |
2.2 |
|
Profit distributed to shareholders |
- |
0.0 |
- |
|
Net profit |
3.3 |
1.3 |
2.2 |
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 |
|
|
|
|
|
|
Other reserves |
14.6 |
11.9 |
11.4 |
|
Total
stockholders equity |
21.0 |
18.5 |
18.3 |
|
Provisions and allowances |
0.9 |
1.0 |
1.1 |
|
Trade creditors |
25.5 |
21.6 |
15.7 |
|
Total current
liabilities |
62.4 |
41.9 |
29.2 |
|
Total
liabilities (including net worth) |
84.3 |
61.3 |
48.5 |
|
Total tangible
fixed assets |
0.0 |
0.1 |
0.0 |
|
Total asset investment |
0.2 |
0.2 |
0.2 |
|
Total
non-current assets |
0.2 |
0.2 |
0.2 |
|
Trade debtors |
2.2 |
1.1 |
1.4 |
|
Total
receivables |
79.5 |
58.6 |
45.8 |
|
Cash and liquid assets |
4.7 |
2.5 |
2.6 |
|
Total current
assets |
84.1 |
61.1 |
48.3 |
|
Total assets |
84.3 |
61.3 |
48.5 |
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 |
1.40 |
1.50 |
1.70 |
|
Acid test ratio |
1.40 |
1.50 |
1.70 |
|
Current liabilities to net worth |
2.97% |
2.26% |
1.60% |
|
Fixed assets to net worth |
0.01% |
0.01% |
0.01% |
|
Collection period |
6.30 |
3.70 |
5.60 |
|
Sales to net working capital |
5.70 |
5.80 |
4.60 |
|
Asset turnover |
1.48% |
1.82% |
1.84% |
|
Profit margin |
0.03% |
0.01% |
0.02% |
|
Return on assets |
0.04% |
0.02% |
0.04% |
|
Shareholders' return |
0.15% |
0.07% |
0.10% |
|
Sales per employee |
6,391.42 |
5,557.23 |
4,124.86 |
|
Profit per employee |
159.48 |
63.30 |
82.76 |
|
Return on capital |
0.14% |
0.04% |
0.06% |
|
Average wage per employee |
81.78 |
73.97 |
75.93 |
|
Net worth |
21.0 |
18.5 |
18.3 |
|
Number of employees |
15 |
15 |
15 |
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.55.26 |
|
UK Pound |
1 |
Rs.88.85 |
|
Euro |
1 |
Rs.71.13 |
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.