|
Report Date : |
12.08.2013 |
IDENTIFICATION DETAILS
|
Name : |
HAEFELY TEST AG |
|
|
|
|
Registered Office : |
Birsstr. 300 4052 Basel/BS |
|
|
|
|
Country : |
Switzerland |
|
|
|
|
Financials (as on) : |
31.12.2012 |
|
|
|
|
Date of Incorporation : |
04.06.1999 |
|
|
|
|
Com. Reg. No.: |
270.3.012.275-8 / 458610 |
|
|
|
|
Legal Form : |
Company Limited By Shares |
|
|
|
|
Line of Business : |
Wholesale of electronic and telecommunications equipment and parts |
|
|
|
|
No. of Employees : |
105 |
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 |
|
Payment Behaviour : |
Slow but correct |
|
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, 2013
|
Country Name |
Previous Rating (31.12.2012) |
Current Rating (31.03.2013) |
|
Switzerland |
A1 |
A1 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
|
Moderate |
B1 |
|
High |
B2 |
|
Very High |
C1 |
|
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 3.0% 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 safe-haven 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 1.9% in 2011 and 0.8% in 2012. 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 is considering 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:
Birsstr. 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: 105
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 An-Ping
Hsieh, Origin: United States of America, Residential address: Simsbury/CT,
United States of America, joint signature of two, Registered since: 01.07.2013
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
Director Megan
Preneta, Origin: United States of America, Residential address: Milford/CT,
United States of America, joint signature of two, Registered since: 01.07.2013
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: 31.12.2012 31.12.2011 31.12.2010 31.12.2009 31.12.2008
Number of months: 12 12 12 12 12
Currency: mil.
USD mil. USD mil. USD mil. USD mil.
USD
Balance Sheet
Intangible fixed
assets 1,043.6 996.8 1,091.2 1,149.7 812.2
Tangible fixed
assets 364.7 359.6 358.3 368.8 349.1
Financial fixed
assets 36.7 42.0 30.2 28.1 35.1
other fixed assets 45.8 94.6
Fixed assets 1,490.8 1,493.0 1,479.7 1,546.6 1,196.4
Stocks 341.7 318.3 298.4 263.5 335.2
Trade accounts
receivable 405.2 394.3 341.8 310.1 357.0
Liquid assets 645.0 569.6 520.7 258.5 178.2
Securities 8.8 12.8
other trade
accounts 55.5 58.5 65.2 85.8 48.7
Other current
assets 709.3 640.9 585.9 344.3 226.9
Current assets 1,456.2 1,353.5 1,226.1 917.9 919.1
Total assets 2,947.0 2,846.5 2,705.8 2,464.5 2,115.5
Capital 64.6 102.4 201.9 159.0 16.9
Other shareholders
funds 1,596.6 1,365.4 1,257.3 1,139.2 991.2
Total shareholders
equity 1,661.2 1,467.8 1,459.2 1,298.2 1,008.1
Minority interests 6.7 5.7 4.3 3.8 3.0
long term debt
(financial debts) 596.7 596.3 595.9 497.2 497.4
Other non current
liabilities 235.0 284.6 201.4 246.8 182.0
Non current
liabilities 831.7 880.9 797.3 744.0 679.4
short term debt
(financial debts) 2.9 1.8
Trade accounts
payable 213.1 215.7 160.8 130.8 168.3
Accruals 234.3 251.0 260.5 266.8 237.0
other accounts
payable 22.5 21.9 20.9 19.7
other current
liabilities 234.3 273.5 282.4 287.7 256.7
Current
liabilities 447.4 492.1 445.0 418.5 425.0
Shareh. equity,
min. interests + liabilities 2,947.0 2,846.5 2,705.8 2,464.5 2,115.5
Profit and loss
account
Sales 3,044.4 2,871.6 2,541.2 2,355.6 2,704.4
Net sales 3,044.4 2,871.6 2,541.2 2,355.6 2,704.4
Operating revenue 3,044.4 2,871.6 2,541.2 2,355.6 2,704.4
Cost of goods sold 2,032.2 1,947.9 1,712.5 1,629.7 1,901.0
Gross profit 1,012.2 923.7 828.7 725.9 803.4
Other operating
expenses 541.4 499.9 460.9 433.7 460.4
Operating result 470.8 423.8 367.8 292.2 343.0
other financial
revenues 33.1 1.3 0.1 0.3 2.8
Financial income 33.1 1.3 0.1 0.3 2.8
Interest expenses 30.8 30.9 31.1 30.9 27.4
other financial
expenses 4.4 16.4
Financial expenses 30.8 35.3 47.5 30.9 27.4
Financial result 2.3 -34.0 -47.4 -30.6 -24.6
Result before
extraordinary items 473.1 389.8 320.4 261.6 318.4
Extraordinary
Result 0.0 0.0 0.0 0.0 0.0
Result before
taxes 473.1 389.8 320.4 261.6 318.4
Taxes 139.7 119.6 101.6 80.3 95.2
Result before
minority interests 333.4 270.2 218.8 181.3 223.2
minority interests 2.4 2.3 1.6 1.2 0.5
Result for the
financial year 331.0 267.9 217.2 180.1 222.7
Cash flow
Depreciation 66.8 68.2 72.5 70.6 63.1
Cash flow 400.2 338.4 291.3 251.9 286.3
Cash flow from
operating activities 349.1 335.0 266.2 397.7 319.2
Investments in
tangible fixed assets 49.1 55.4 29.4 49.4
Cash flow from
investing activities -116.1 -86.5 -54.7 -373.1 -306.4
Cash flow from
financing activities -161.7 -198.3 45.5 49.8 93.7
Others 4.1 -1.3 5.2 5.9 -5.8
Change in
liquidity 75.4 48.9 262.2 80.3 100.7
Liquidity at
beginning of the year 569.6 520.7 258.5 178.2 77.5
Liquidity at end
ot the year 645.0 569.6 520.7 258.5 178.2
Added value 570.7 488.9 424.0 363.1 408.9
Working Capital 533.8 496.9 479.4 442.8 523.9
Sales per Employee 0.2 0.2 0.2 0.2
Gross cost land
and buildings 302.5 289.0 270.9 285.5 264.4
Gross cost other
tangible fixed assets 669.9 648.5 635.8 620.0 611.5
Gross cost total 972.4 937.5 906.7 905.5 875.9
Employees at year end 13,600 13,500 13,000 12,700
Employees inland 7,500 7,200
Employees abroad 6,100 5,800
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
It is believed that the company has no investments.
Control date Year No. Amount CHF Status
20.09.2011 2011 0
20.09.2011 2010 0
20.09.2011 2009 0
20.09.2011 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
is considered to be good.
Payment
experiences: Payments are made with
arranged conditions.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.61.11 |
|
|
1 |
Rs.94.77 |
|
Euro |
1 |
Rs.81.54 |
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.