|
Report Date : |
13.02.2013 |
IDENTIFICATION DETAILS
|
Name : |
DATASCOPE CORP. |
|
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Registered Office : |
c/o Corporate Service Company, 2711 Centerville
Road, Ste 400, Wilmington, DE 19808 |
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Country : |
Belgium |
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Year of Establishment : |
1964 |
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Legal Form : |
Corporation – Profit |
|
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Line of Business : |
Subject operates as a medical device company |
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No. of Employees : |
500 employees |
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 (31.03.2012) |
Current Rating (30.06.2012) |
|
United States |
A1 |
A1 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
|
Moderate |
B1 |
|
High |
B2 |
|
Very High |
C1 |
|
Restricted |
C2 |
|
Off-credit |
D |
United States - ECONOMIC OVERVIEW
The US has the largest and most technologically powerful economy in the
world, with a per capita GDP of $48,100. In this market-oriented economy,
private individuals and business firms make most of the decisions, and the
federal and state governments buy needed goods and services predominantly in
the private marketplace. US business firms enjoy greater flexibility than their
counterparts in Western Europe and Japan in decisions to expand capital plant,
to lay off surplus workers, and to develop new products. At the same time, they
face higher barriers to enter their rivals' home markets than foreign firms
face entering US markets. US firms are at or near the forefront in
technological advances, especially in computers and in medical, aerospace, and
military equipment; their advantage has narrowed since the end of World War II.
The onrush of technology largely explains the gradual development of a
"two-tier labor market" in which those at the bottom lack the
education and the professional/technical skills of those at the top and, more
and more, fail to get comparable pay raises, health insurance coverage, and
other benefits. Since 1975, practically all the gains in household income have
gone to the top 20% of households. Since 1996, dividends and capital gains have
grown faster than wages or any other category of after-tax income. Imported oil
accounts for nearly 55% of US consumption. Oil prices doubled between 2001 and
2006, the year home prices peaked; higher gasoline prices ate into consumers'
budgets and many individuals fell behind in their mortgage payments. Oil prices
increased another 50% between 2006 and 2008. In 2008, soaring oil prices
threatened inflation and caused a deterioration in the US merchandise trade
deficit, which peaked at $840 billion. In 2009, with the global recession
deepening, oil prices dropped 40% and the US trade deficit shrank, as US
domestic demand declined, but in 2011 the trade deficit ramped back up to $803
billion, as oil prices climbed once more. The global economic downturn, the
sub-prime mortgage crisis, investment bank failures, falling home prices, and
tight credit pushed the United States into a recession by mid-2008. GDP
contracted until the third quarter of 2009, making this the deepest and longest
downturn since the Great Depression. To help stabilize financial markets, in
October 2008 the US Congress established a $700 billion Troubled Asset Relief
Program (TARP). The government used some of these funds to purchase equity in
US banks and industrial corporations, much of which had been returned to the
government by early 2011. In January 2009 the US Congress passed and President
Barack OBAMA signed a bill providing an additional $787 billion fiscal stimulus
to be used over 10 years - two-thirds on additional spending and one-third on
tax cuts - to create jobs and to help the economy recover. In 2010 and 2011,
the federal budget deficit reached nearly 9% of GDP; total government revenues
from taxes and other sources are lower, as a percentage of GDP, than that of
most other developed countries. The wars in Iraq and Afghanistan required major
shifts in national resources from civilian to military purposes and contributed
to the growth of the US budget deficit and public debt - through 2011, the
direct costs of the wars totaled nearly $900 billion, according to US
government figures. In March 2010, President OBAMA signed into law the Patient
Protection and Affordable Care Act, a health insurance reform bill that will
extend coverage to an additional 32 million American citizens by 2016, through
private health insurance for the general population and Medicaid for the
impoverished. Total spending on health care - public plus private - rose from
9.0% of GDP in 1980 to 17.9% in 2010. In July 2010, the president signed the
DODD-FRANK Wall Street Reform and Consumer Protection Act, a law designed to promote
financial stability by protecting consumers from financial abuses, ending
taxpayer bailouts of financial firms, dealing with troubled banks that are
"too big to fail," and improving accountability and transparency in
the financial system - in particular, by requiring certain financial
derivatives to be traded in markets that are subject to government regulation
and oversight. Long-term problems include inadequate investment in
deteriorating infrastructure, rapidly rising medical and pension costs of an
aging population, sizable current account and budget deficits - including
significant budget shortages for state governments - energy shortages, and
stagnation of wages for lower-income families.
|
Source : CIA |
Company name: DATASCOPE CORP.
Address: 15 Law Drive, Fairfield,
NJ 07004 - USA
Telephone: +1
973-244-6100
Fax: +1 973-244-6279
Website: www.datascope.com
Reg. address: c/o
Corporate Service Company
2711 Centerville Road, Ste 400, Wilmington, DE
19808 - USA
Corporate ID#: 2209780
State: Delaware
Judicial form: Corporation – Profit
Date incorporated: October
5, 1989
Date founded: 1964
Stock: -
Value: -
Name of manager: Christian
KELLER
Business:
Datascope Corp. operates as a medical device company that engages in the
development, manufacture, and marketing of products for clinical health care
markets in interventional cardiology and radiology, cardiovascular and vascular
surgery, and critical care.
The company’s principal product lines include Cardiac Assist and
Vascular Products. The Cardiac Assist product line consists of intra-aortic
balloon pumps and catheters, endoscopic vessel harvesting products, and the
safeguard assisted pressure device.
Its intra-aortic balloon pump system is used in the treatment of cardiac
shock, acute heart failure, and irregular heart rhythms, as well as for cardiac
support in open-heart surgery, coronary angioplasty, and stenting; and balloon
catheter serves as the pumping device within the patient’s aorta.
The Vascular products include knitted and woven polyester vascular grafts
and patches for reconstructive vascular and cardiovascular surgery, peripheral
vascular stent products, and stent grafts.
Its peripheral vascular products are used by vascular surgeons and
interventional radiologists for the treatment of peripheral aterial disease.
The company also offers life science research products primarily for use in
newly developed kinds of detection assays. It sells its products through direct
sales representatives and independent distributors primarily to physicians,
hospitals, and other medical institutions worldwide.
The company was founded in 1964 and is headquartered in Fairfield, New
Jersey. Formerly listed with the Nasdaq, the Company became private on January
30, 2009, as Datascope Corp. operates now as a subsidiary of Getinge AB.
The Company exports to Central and South America.
EIN: 13-2529596
Staff: 500
Operations & branches:
At the headquarters, we
find a large laboratory, warehouse and office, owned.
Shareholders:
Getinge AB
P.O Box 69
SE-305 05 Getinge Sweden
Getinge AB, a medical technology company, engages in the provision of
medical technical equipment for surgery, intensive care, infection control,
care ergonomics, and wound care primarily in western Europe, the United States,
and Canada.
The company operates in three segments: Medical Systems, Extended Care,
and Infection Control.
The company was founded in 1904 and is headquartered in Getinge, Sweden.
Getinge AB is listed in Sweden under symbol GETIB.
Management:
Christian KELLER, President and CEO
Christian Keller has been Chief Executive Officer and President of
Datascope Corp. since January 30, 2009. Mr. Keller serves as Chairman of the
Management Board, Chief Executive Officer and President of MAQUET
Cardiopulmonary AG.
Mr. Keller served as Getinge since November 2001.
He served as President of Maquet Cardiopulmonary AG since December 2005.
Mr. Keller also served as the Managing Director of Medikomp GmbH from
May 2000 to December 2004, President and Chief Executive Officer of Maquet
Critical Care AB from January 2005 to August 2005, and Managing Director of
Medikomp GmbH from September 2005 to November 2005.
Antonio LAUDANI, Vice President and COO.
Mr. Antonino Laudani M.D., has been Vice President and Chief Operating
Officer of Datascope Corp. since February 2005 and October 21, 2007
respectively.
Dr. Laudani serves as Chief Operating Officer of Eurocor GmbH.
Dr. Laudani served as the Managing Director of Eurocor GmbH. Dr. Laudani
served as Group President of Cardiac Assist and InterVascular Inc. from
February 2005 to October 20, 2007. From January 2005 to April 2005, Dr. Laudani
served as Group Vice President of Sales for Cardiac Assist, InterVascular and
Interventional Products for Europe, the Middle East and Africa
("EMEA"). He served as Vice President and General Manager at
TriVascular Inc., Santa Rosa CA, USA. From May 2002 to December 2004, he served
as Vice President of Cardiac Assist Sales for EMEA.
Dr. Laudani also served as Independent Consultant from February 2002 to
April 2002. He served as Vice President of Marketing for Tyco Healthcare for
EMEA from June 1999 to January 2002, where he was in charge of R&D and
non-hospital product sales for EMEA. He served as an European Marketing
Director of J&J Medical Europe. Dr. Laudani received an M.D. degree cum
laude from the University of Catania, Italy in 1983 and did two years
internship.
Henry M. Scaramelli has been Chief Financial Officer of Datascope Corp.,
since August 2007 and its Vice President of Finance since September 2003. Mr.
Scaramelli has been Acting Vice President of Finance, Interventional Products
Division and InterVascular Group at Datascope Corp., since June 2004. He served
as Corporate Controller of Operations of Datascope Corp. from September 2003 to
August 2007and served as its Acting Chief Financial Officer from April 4, 2007
to ... August 2007. From July 2002 to August 2003, Mr. Scaramelli served as
Group Vice President, Finance for the Cardiac Assist Division and
InterVascular, Inc. From October 1996 to June 2002, Mr. Scaramelli served as
Vice President, Finance for the Cardiac Assist Division.
In United States, privately
held corporations are not required to publish any financials.
On a direct call, a
financial assistant controlled the present report and confirmed sales 2011 in
the range of USD 48,000,000=
He added that all
financials are consolidated into the parent company.
On October 17, 2012, for the nine months 2012, on consolidated basis,
the company’s net sales increased by 13.3% to SEK 16,4 33 million against SEK
14,500 million, and grew organically by 3.2%.
Operating profit was SEK 2,415 million against SEK 2,264 million a year
ago.
Profit before tax was SEK 1,989 million against SEK 1,913 million a year
ago.
Net profit attributable to parent company's shareholders was SEK 1,465
million or SEK 6.15 per share against SEK 1,410 million or SEK 5.92 per share a
year ago.
Cash flow from operations was SEK 2,228 million against SEK 2,074
million a year ago. Investments in tangible fixed assets were SEK 655 million
against SEK 383 million a year ago. EBITA was SEK 2,870 million against SEK
2,596 million a year ago. EBITA before restructuring was rose by 9.7% to SEK
2,906 million against SEK 2,650 million a year ago. Return on equity was 17.8%
against 17.3% a year ago. For the quarter, on standalone basis, the company
reported operating loss of SEK 46 million against SEK 36 million a year ago.
Profit after financial items was SEK 678 million against loss after financial items
of SEK 122 million a year ago. Profit before tax was SEK 678 million against
loss before tax of SEK 122 million a year ago. Net profit was SEK 472 million
against net loss of SEK 97 million a year ago. For the nine months, on
standalone basis, the company reported operating loss of SEK 99 million against
SEK 98 million a year ago. Profit after financial items was SEK 968 million
against loss after financial items of SEK 125 million a year ago. Profit before
tax was SEK 968 million against loss before tax of SEK 125 million a year ago.
Net profit was SEK 680 million against net loss of SEK 102 million a year ago.
The company continued favorable earnings outlook for 2012.
Banks: Bank of America
...
Legal filings
& complaints:
As of today date, there is no legal filing pending with the Courts.
Secured debts summary (UCC):
Several
Standard
& Poor’s
|
United
States of America Long-Term Rating Lowered To 'AA+' Due To Political Risks,
Rising Debt Burden; Outlook Negative |
|
Publication
date: 05-Aug-2011 20:13:14 EST |
·
We have lowered our long-term
sovereign credit rating on the United States of America to 'AA+' from 'AAA' and
affirmed the 'A-1+' short-term rating.
·
We have also removed both the short- and long-term ratings
from CreditWatch negative.
·
The downgrade reflects our opinion that the fiscal
consolidation plan that Congress and the Administration recently agreed to
falls short of what, in our view, would be necessary to stabilize the
government's medium-term debt dynamics.
·
More broadly, the downgrade reflects our view that the
effectiveness, stability, and predictability of American policymaking and
political institutions have weakened at a time of ongoing fiscal and economic
challenges to a degree more than we envisioned when we assigned a negative
outlook to the rating on April 18, 2011.
·
Since then, we have changed our view of the difficulties in
bridging the gulf between the political parties over fiscal policy, which makes
us pessimistic about the capacity of Congress and the Administration to be able
to leverage their agreement this week into a broader fiscal consolidation plan
that stabilizes the government's debt dynamics any time soon.
·
The outlook on the long-term rating is negative. We could
lower the long-term rating to 'AA' within the next two years if we see that
less reduction in spending than agreed to, higher interest rates, or new fiscal
pressures during the period result in a higher general government debt
trajectory than we currently assume in our base case.
TORONTO (Standard &
Poor's) Aug. 5, 2011--Standard & Poor's Ratings Services said today that it
lowered its long-term sovereign credit rating on the United States of America
to 'AA+' from 'AAA'. Standard & Poor's also said that the outlook on the
long-term rating is negative. At the same time, Standard & Poor's affirmed
its 'A-1+' short-term rating on the U.S. In addition, Standard & Poor's
removed both ratings from CreditWatch, where they were placed on July 14, 2011,
with negative implications.
The
transfer and convertibility (T&C) assessment of the U.S.--our assessment of
the likelihood of official interference in the ability of U.S.-based public-
and private-sector issuers to secure foreign exchange for
debt service--remains
'AAA'.
We lowered our long-term
rating on the U.S. because we believe that the prolonged controversy over
raising the statutory debt ceiling and the related fiscal policy debate
indicate that further near-term progress containing the growth in public
spending, especially on entitlements, or on reaching an agreement on raising
revenues is less likely than we previously assumed and will remain a
contentious and fitful process. We also believe that the fiscal consolidation
plan that Congress and the Administration agreed to this week falls short of
the amount that we believe is necessary to stabilize the general government
debt burden by the middle of the decade.
Our lowering of the
rating was prompted by our view on the rising public debt burden and our
perception of greater policymaking uncertainty, consistent with our criteria
(see "Sovereign Government Rating Methodology and
Assumptions ," June 30, 2011,
especially Paragraphs 36-41). Nevertheless, we view the U.S. federal government's
other economic, external, and monetary credit attributes, which form the basis
for the sovereign rating, as broadly unchanged.
We have taken the ratings
off CreditWatch because the Aug. 2 passage of the Budget Control Act Amendment
of 2011 has removed any perceived immediate threat of payment default posed by
delays to raising the government's debt ceiling. In addition, we believe that
the act provides sufficient clarity to allow us to evaluate the likely course
of U.S. fiscal policy for the next few years.
The
political brinksmanship of recent months highlights what we see as America's
governance and policymaking becoming less stable, less effective, and less
predictable than what we previously believed. The statutory debt ceiling and
the threat of default have become political bargaining chips in the debate over
fiscal policy. Despite this year's wide-ranging debate, in our view, the
differences between political parties have proven to be extraordinarily
difficult to bridge, and, as we see it, the resulting agreement fell well short
of the comprehensive fiscal consolidation program that some proponents had
envisaged until quite recently. Republicans and Democrats have only been able
to agree to relatively modest savings on discretionary spending while delegating
to the Select Committee decisions on more comprehensive measures. It appears
that for now, new revenues have dropped down on the menu of policy options. In
addition, the plan envisions only minor policy changes on Medicare and little
change in other entitlements,
the containment of which
we and most other independent observers regard as key to long-term fiscal
sustainability.
Our opinion is that
elected officials remain wary of tackling the structural issues required to
effectively address the rising U.S. public debt burden in a manner consistent
with a 'AAA' rating and with 'AAA' rated sovereign peers (see Sovereign Government Rating Methodology and Assumptions," June 30, 2011, especially Paragraphs 36-41).
In our view, the difficulty in framing a consensus on fiscal policy weakens the
government's ability to manage public finances and diverts attention from the
debate over how to achieve more balanced and dynamic economic growth in an era
of fiscal stringency and private-sector deleveraging (ibid). A new political
consensus might (or might not) emerge after the 2012 elections, but we believe
that by then, the government debt burden will likely be higher, the needed
medium-term fiscal adjustment potentially greater, and the inflection point on
the U.S. population's demographics and other age-related spending drivers
closer at hand (see "Global Aging 2011: In The U.S., Going Gray Will Likely
Cost Even More Green, Now,"
June 21, 2011).
Standard & Poor's
takes no position on the mix of spending and revenue measures that Congress and
the Administration might conclude is appropriate for putting the U.S.'s
finances on a sustainable footing.
The act calls for as much
as $2.4 trillion of reductions in expenditure growth over the 10 years through
2021. These cuts will be implemented in two steps: the $917 billion agreed to
initially, followed by an additional $1.5 trillion that the newly formed
Congressional Joint Select Committee on Deficit Reduction is supposed to
recommend by November 2011. The act contains no measures to raise taxes or
otherwise enhance revenues, though the committee could recommend them.
The act further provides
that if Congress does not enact the committee's recommendations, cuts of $1.2
trillion will be implemented over the same time period. The reductions would
mainly affect outlays for civilian discretionary spending, defense, and
Medicare. We understand that this fall-back mechanism is designed to encourage
Congress to embrace a more balanced mix of expenditure savings, as the
committee might recommend.
We note that in a letter
to Congress on Aug. 1, 2011, the Congressional Budget Office (CBO) estimated
total budgetary savings under the act to be at least $2.1 trillion over the
next 10 years relative to its baseline assumptions. In updating our own fiscal
projections, with certain modifications outlined below, we have relied on the
CBO's latest "Alternate Fiscal Scenario" of June 2011, updated to
include the CBO assumptions contained in its Aug. 1 letter to Congress. In
general, the CBO's "Alternate Fiscal Scenario" assumes a continuation
of recent Congressional action overriding existing law.
We view the act's
measures as a step toward fiscal consolidation. However, this is within the
framework of a legislative mechanism that leaves open the details of what is
finally agreed to until the end of 2011, and Congress and the Administration
could modify any agreement in the future. Even assuming that at least $2.1
trillion of the spending reductions the act envisages are implemented, we
maintain our view that the U.S. net general government debt burden (all levels
of government combined, excluding liquid financial assets) will likely continue
to grow. Under our revised base case fiscal scenario--which we consider to be
consistent with a 'AA+' long-term rating and a negative outlook--we now project
that net general government debt would rise from an estimated 74% of GDP by the
end of 2011 to 79% in 2015 and 85% by 2021. Even the projected 2015 ratio of
sovereign indebtedness is high in relation to those of peer credits and, as
noted, would continue to rise under the act's revised policy settings.
Compared with previous
projections, our revised base case scenario now assumes that the 2001 and 2003
tax cuts, due to expire by the end of 2012, remain in place. We have changed
our assumption on this because the majority of Republicans in Congress continue
to resist any measure that would raise revenues, a position we believe Congress
reinforced by passing the act. Key macroeconomic assumptions in the base case
scenario include trend real GDP growth of 3% and consumer price inflation near
2% annually over the decade.
Our revised upside
scenario--which, other things being equal, we view as consistent with the
outlook on the 'AA+' long-term rating being revised to stable--retains these
same macroeconomic assumptions. In addition, it incorporates $950 billion of
new revenues on the assumption that the 2001 and 2003 tax cuts for high earners
lapse from 2013 onwards, as the Administration is advocating. In this scenario,
we project that the net general government debt would rise from an estimated
74% of GDP by the end of 2011 to 77% in 2015 and to 78% by 2021.
Our revised downside
scenario--which, other things being equal, we view as being consistent with a
possible further downgrade to a 'AA' long-term rating--features less-favorable
macroeconomic assumptions, as outlined below and also assumes that the second
round of spending cuts (at least $1.2 trillion) that the act calls for does not
occur. This scenario also assumes somewhat higher nominal interest rates for
U.S. Treasuries. We still believe that the role of the U.S. dollar as the key
reserve currency confers a government funding advantage, one that could change
only slowly over time, and that Fed policy might lean toward continued loose
monetary policy at a time of fiscal tightening. Nonetheless, it is possible
that interest rates could rise if investors re-price relative risks. As a
result, our alternate scenario factors in a 50 basis point (bp)-75 bp rise in
10-year bond yields relative to the base and upside cases from 2013 onwards. In
this scenario, we project the net public debt burden would rise from 74% of GDP
in 2011 to 90% in 2015 and to 101% by 2021.
Our revised scenarios
also take into account the significant negative revisions to historical GDP
data that the Bureau of Economic Analysis announced on July 29. From our
perspective, the effect of these revisions underscores two related points when
evaluating the likely debt trajectory of the U.S. government. First, the
revisions show that the recent recession was deeper than previously assumed, so
the GDP this year is lower than previously thought in both nominal and real
terms. Consequently, the debt burden is slightly higher. Second, the revised
data highlight the sub-par path of the current economic recovery when compared
with rebounds following previous post-war recessions. We believe the sluggish
pace of the current economic recovery could be consistent with the experiences
of countries that have had financial crises in which the slow process of debt
deleveraging in the private sector leads to a persistent drag on demand. As a
result, our downside case scenario assumes relatively modest real trend GDP
growth of 2.5% and inflation of near 1.5% annually going forward.
When comparing the U.S.
to sovereigns with 'AAA' long-term ratings that we view as relevant
peers--Canada, France, Germany, and the U.K.--we also observe, based on our
base case scenarios for each, that the trajectory of the U.S.'s net public debt
is diverging from the others. Including the U.S., we estimate that these five
sovereigns will have net general government debt to GDP ratios this year
ranging from 34% (Canada) to 80% (the U.K.), with the U.S. debt burden at 74%.
By 2015, we project that their net public debt to GDP ratios will range between
30% (lowest, Canada) and 83% (highest, France), with the U.S. debt burden at
79%. However, in contrast with the U.S., we project that the net public debt
burdens of these other sovereigns will begin to decline, either before or by
2015.
Standard & Poor's
transfer T&C assessment of the U.S. remains 'AAA'. Our T&C assessment
reflects our view of the likelihood of the sovereign restricting other public
and private issuers' access to foreign exchange needed to meet debt service.
Although in our view the credit standing of the U.S. government has
deteriorated modestly, we see little indication that official interference of
this kind is entering onto the policy agenda of either Congress or the
Administration. Consequently, we continue to view this risk as being highly
remote.
The outlook on the
long-term rating is negative. As our downside alternate fiscal scenario
illustrates, a higher public debt trajectory than we currently assume could
lead us to lower the long-term rating again. On the other hand, as our upside
scenario highlights, if the recommendations of the Congressional Joint Select
Committee on Deficit Reduction--independently or coupled with other
initiatives, such as the lapsing of the 2001 and 2003 tax cuts for high
earners--lead to fiscal consolidation measures beyond the minimum mandated, and
we believe they are likely to slow the deterioration of the government's debt
dynamics, the long-term rating could stabilize at 'AA+'.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.53.96 |
|
UK Pound |
1 |
Rs.84.49 |
|
Euro |
1 |
Rs.72.23 |
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.