MIRA INFORM REPORT

 

 

Report Date :

25.01.2013

 

IDENTIFICATION DETAILS

 

Name :

TESCAN, A.S.

 

 

Registered Office :

Libušina tř. 21 623 00 Brno

 

 

Country :

Czech Republic

 

 

Financials (as on) :

31.12.2011

 

 

Date of Incorporation :

17.07.1991

 

 

Legal Form :

Public Limited Company

 

 

Line of Business :

Manufacture of instruments and appliances for measuring, testing and navigation

 

 

No. of Employees :

150 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

Payment Behaviour :

No Complaints

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)

Czech Republic

A2

A2

 

Risk Category

ECGC Classification

Insignificant

 

A1

Low

 

A2

Moderate

 

B1

High

 

B2

Very High

 

C1

Restricted

 

C2

Off-credit

 

D

 

 

CZECH REPUBLIC - ECONOMIC OVERVIEW

 

The Czech Republic is a stable and prosperous market economy, which harmonized its laws and regulations with those of the EU prior to its EU accession in 2004. While the conservative, inward-looking Czech financial system has remained relatively healthy, the small, open, export-driven Czech economy remains sensitive to changes in the economic performance of its main export markets, especially Germany. When Western Europe and Germany fell into recession in late 2008, demand for Czech goods plunged, leading to double digit drops in industrial production and exports. As a result, real GDP fell 4.7% in 2009, with most of the decline occurring during the first quarter. Real GDP, however, has slowly recovered with positive quarter-on-quarter growth starting in the second half of 2009 and continuing throughout 2011. The auto industry remains the largest single industry, and, together with its upstream suppliers, accounts for nearly 24% of Czech manufacturing. The Czech Republic produced more than a million cars for the first time in 2010, over 80% of which were exported. Foreign and domestic businesses alike voice concerns about corruption especially in public procurement. Other long term challenges include dealing with a rapidly aging population, funding an unsustainable pension and health care system, and diversifying away from manufacturing and toward a more high-tech, services-based, knowledge economy.

Source : CIA


 

Company name and address

 

TESCAN, a.s.

Libušina tř. 21
623 00 Brno


telephone: 00420/ 547 130 411
telefax: 00420/ 547 130 415
e-mail: info@tescan.cz
Web: http://www.tescan.com

 

 

Company details

 

 

Company development

Positive company development

 

 

Order situation

Good order situation

 

Terms of payment

correct

 

 

Business connection

Business connections are permissible

 

 

 

Legal form

Public limited company

 

 

Foundation

17/07/1991 - Public limited company

Comp. Register

17/07/1991, Krajský soud v Brně, RegNr.: C 1915
03/05/2010, Krajský soud v Brně, RegNr.: B 6079
Statistical number: 41600240
Tax number: CZ41600240

 

Share Capital

17/07/1991

CZK

100.000,-

 

 

 30/04/1992

CZK

140.000,-

 

 

 

 21/07/1994

CZK

156.000,-

 

 

 09/03/1998

CZK

780.000,-

 

 

 

03/05/2010

CZK

25.000.000,-

 

 

2 500 pc of common registered shares in documentary form at nominal value of CZK 10 000,-

 

Main Shareholder

Ing. Jaroslav Klíma (23.04.1949)
Kubíčkova 7, 635 00 Brno, Bystrc

%

20

 

 

Ing. Petr Peřina (24.10.1949)
Kronova 841/31, 621 00 Brno

%

20

 

 

 

Ing. Jan Zounek (06.06.1948)
Riegrova 8, 612 00 Brno

%

20

 

 

Ing. Ivan Dvořák (03.01.1955)
Nová ulice 29, 664 41 Troubsko

%

20

 

 

 

Michael Mládek (05.12.1984)
Beyerova 576/9, 602 00 Brno

%

20

 

Board of Directors

Ing. Jaroslav Klíma (23.04.1949)
Kubíčkova 7, 635 00 Brno, Bystrc
chairman of board
sole power of attorney

 

 

Ing. Petr Peřina (24.10.1949)
Kronova 841/31, 621 00 Brno
vice-chairman
sole power of attorney

 

Ing. Jan Zounek (06.06.1948)
Riegrova 8, 612 00 Brno
sole power of attorney

 

 

Ing. Ivan Dvořák (03.01.1955)
Nová ulice 29, 664 41 Troubsko
sole power of attorney

 

Michael Mládek (05.12.1984)
Beyerova 576/9, 602 00 Brno
sole power of attorney

 

Supervisory Board

Ing. Marie Šebelová (30.07.1950)
Chládkova 1020/12, 616 00 Brno
chairman of supervisory board

 

Mgr. Lenka Létalová (11.01.1972)
Kubíčkova 7, 635 00 Brno

 

 

Ing. Jindřich Buček (23.11.1972)
Stamicova 14, 623 00 Brno

General Data

Development, manufacture and sale of scanning electron microscopes and accessories.

 

 

Main activity:
Manufacture of instruments and appliances for measuring, testing and navigation


(26.51)

 

Former name(s)
TESCAN, spol. s r. o.
Beginning of validity: 17.07.1991
End of validity: 09.03.1998

 

 

LEO-elektronová mikroskopie, s.r.o.
Beginning of validity: 09.03.1998
End of validity: 29.10.1998

 

TESCAN, s.r.o.
Beginning of validity: 29.10.1998
End of validity: 03.05.2010

 

 

Trade name(s)
TESCAN, a.s.
Beginning of validity: 03.05.2010

 

Export:
Canada
European Union
South Africa
Switzerland
USA

95%

 

 

Import:
Germany
Switzerland

 

 

 

 

 

Address:
Libušina tř. 21, 623 00 Brno
Beginning of validity: 09.08.2005
telephone:
00420/ 547 130 411
telefax:
00420/ 547 130 415
e-mail:
info@tescan.cz
Web:
http://www.tescan.com

 

Libušina tř. 21, Brno
Beginning of validity: 30.11.1998
End of validity: 09.08.2005

 

 

Libušina tř. 11, Brno
Beginning of validity: 17.06.1996
End of validity: 30.11.1998

 

Bayerova 9, Brno
Beginning of validity: 05.04.1993
End of validity: 17.06.1996

 

 

600 00 Brno
Beginning of validity: 17.07.1991
End of validity: 05.04.1993

Staff

2010

111 employees

 

 

2011

150 employees

 

2013

150 employees

 

Annual Sales

2005

actual sales

CZK

228.054.000,-

 

 

2006

actual sales

CZK

234.157.000,-

 

 

 

2007

actual sales

CZK

284.243.000,-

 

 

2008

actual sales

CZK

273.966.000,-

 

 

 

2009

actual sales

CZK

308.099.000,-

 

 

2010

actual sales

CZK

375.957.000,-

 

 

 

2011

actual sales

CZK

658.933.000,-

 

Property

Property of the company: Business premises
(verified in the real estate registry)
CZ-623 00 Brno, Libušina tř. 21

 

Balance sheets

The enclosed balance of 2011 from business register, -. (31.12.2011 - 1 CZK)
The enclosed balance of 2010 from business register, it is authenticated by the auditor. (31.12.2010 - 1 CZK)
The enclosed balance of 2009 from business register, it is authenticated by the auditor. (31.12.2009 - 1 CZK)
The enclosed balance of 2008 from business register, it is authenticated by the auditor. (31.12.2008 - 1 CZK)

 

The enclosed profit/loss account of 2011 from business register, -. (31.12.2011 - 1 CZK)
The enclosed profit/loss account of 2010 from business register, it is authenticated by the auditor. (31.12.2010 - 1 CZK)
The enclosed profit/loss account of 2009 from business register, it is authenticated by the auditor. (31.12.2009 - 1 CZK)
The enclosed profit/loss account of 2008 from business register, it is authenticated by the auditor. (31.12.2008 - 1 CZK)

 

Auditor

Ing.Miroslava Krčmová (Statistical number: 18760546)
Čechova 81/798, 664 51 Šlapanice u Brna

 

 

 

Remarks

The company is a holder of ISO 9001 and ISO 14001 certificates.

 

 

Business management:
Ing. Martin Zadražil, Ph.D. – director of the division Brno
Ing. Radomír Kopřiva – business division director
RNDr. Petr Němec – financial division director

Subsidiaries:
- TESCAN China, Ltd.
Room 826, No. 2025, West ZhongShan Road, Shanghai, China, share 70%
- TESCAN USA Inc.
Thomson Park Drive,16066 Cranberry Township, Pennsylvania, USA, share 80%

By resolution of the general Meeting from March 10, 2010, the company TESCAN, s.r.o., IČ 41600240, has changed its legal form to joint-stock company TESCAN, a.s.

Bankers

Citibank Europe plc, organizační složka

GE Money Bank, a.s.

Komerční banka, a.s.

(2600)

(0600)

(0100)

 

 

balance

31.12.2008 (CZK)

31.12.2009 (CZK)

31.12.2010 (CZK)

31.12.2011 (CZK)

r1

TOTAL ASSETS

365.341.000

376.032.000

528.948.000

642.514.000

r2

Receivables for subscriptions

0

0

0

0

r3

Fixed assets

134.075.000

149.369.000

262.205.000

255.712.000

r4

Intangible fixed assets

4.698.000

2.963.000

3.613.000

3.714.000

r5

Incorporation expenses

 

 

 

0

r6

Research and development

 

 

 

0

r7

Software

3.550.000

1.931.000

907.000

2.394.000

r8

Valuable rights

641.000

574.000

498.000

309.000

r9

Goodwill

 

 

 

0

r10

Other intangible fixed assets

 

 

 

0

r11

Intangible fixed assets under construction

503.000

458.000

2.192.000

1.011.000

r12

Advance payments for intangible fixed assets

4.000

 

16.000

0

r13

Tangible fixed assets

129.377.000

133.371.000

200.226.000

190.050.000

r14

Lands

4.142.000

4.526.000

27.814.000

27.815.000

r15

Constructions

101.260.000

100.999.000

136.900.000

133.922.000

r16

Equipment

23.884.000

27.782.000

35.304.000

27.399.000

r17

Perennial corps

 

 

 

0

r18

Breeding and draught animals

 

 

 

0

r19

Other tangible fixed assets

64.000

64.000

64.000

64.000

r20

Tangible fixed assets under construction

27.000

 

144.000

780.000

r21

Advance payments for tangible fixed assets

 

 

 

70.000

r22

Adjustment to acquired assets

 

 

 

0

r23

Long-term financial assets

0

13.035.000

58.366.000

61.948.000

r24

Shares in controlled and managed organizations

 

13.035.000

58.366.000

8.110.000

r25

Shares in accounting units with substantial influence

 

 

 

0

r26

Other securities and shares

 

 

 

0

r27

Loans to controlled and managed organizations and to accounting unit with substantial influence

 

 

 

53.838.000

r28

Other financial investments

 

 

 

0

r29

Financial investments acquired

 

 

 

0

r30

Advance payments for long-term financial assets

 

 

 

0

r31

Current assets

229.345.000

225.705.000

265.652.000

384.528.000

r32

Inventory

73.772.000

93.151.000

126.012.000

171.634.000

r33

Materials

17.518.000

24.088.000

34.458.000

62.156.000

r34

Work in progress and semi-products

36.566.000

54.550.000

58.558.000

65.203.000

r35

Finished products

19.606.000

14.316.000

32.772.000

44.147.000

r36

Animals

 

 

 

0

r37

Merchandise

 

 

 

0

r38

Advance payments for inventory

82.000

197.000

224.000

128.000

r39

Long-term receivables

94.000

38.000

38.000

38.000

r40

Trade receivables

 

 

 

0

r41

Receivables from controlled and managed organizations

 

 

 

0

r42

Receivables from accounting units with substantial influence

 

 

 

0

r43

Receivables from partners, cooperative members and association members

 

 

 

0

r44

Long-term deposits given

40.000

38.000

 

38.000

r45

Estimated receivable

 

 

 

0

r46

Other receivables

54.000

 

 

0

r47

Deferred tax receivable

 

 

38.000

0

r48

Short-term receivables

77.554.000

77.199.000

84.608.000

119.937.000

r49

Trade receivables

53.208.000

41.467.000

60.916.000

110.856.000

r50

Receivables from controlled and managed organizations

 

 

 

0

r51

Receivables from accounting units with substantial influence

 

 

 

0

r52

Receivables from partners, cooperative members and association members

 

 

 

0

r53

Receivables from social security and health insurance

 

 

 

0

r54

Due from state - tax receivable

15.808.000

4.949.000

4.318.000

1.115.000

r55

Short-term deposits given

461.000

211.000

225.000

345.000

r56

Estimated receivable

1.772.000

487.000

1.564.000

4.387.000

r57

Other receivables

6.305.000

30.085.000

17.585.000

3.234.000

r58

Short-term financial assets

77.925.000

55.317.000

54.994.000

92.919.000

r59

Cash

320.000

312.000

425.000

380.000

r60

Bank accounts

77.605.000

55.005.000

54.569.000

92.539.000

r61

Short-term securities and ownership interests

 

 

 

0

r62

Short-term financial assets acquired

 

 

 

0

r63

Accruals

1.921.000

958.000

1.091.000

2.274.000

r64

Deferred expenses

1.921.000

958.000

1.091.000

2.274.000

r65

Complex deferred costs

 

 

 

0

r66

Deferred income

 

 

 

0

r67

TOTAL LIABILITIES

365.341.000

376.032.000

528.948.000

642.514.000

r68

Equity

233.020.000

280.709.000

350.213.000

421.742.000

r69

Registered capital

780.000

780.000

25.000.000

25.000.000

r70

Registered capital

780.000

780.000

25.000.000

25.000.000

r71

Company’s own shares and ownership interests (-)

 

 

 

0

r72

Changes of registered capital ( +/- )

 

 

 

0

r73

Capital funds

0

325.000

-1.920.000

-52.176.000

r74

Share premium

 

 

 

0

r75

Other capital funds

 

 

 

0

r76

Differences from revaluation of assets and liabilities ( +/- )

 

325.000

-1.920.000

-52.176.000

r77

Differences from revaluation in transformation ( +/- )

 

 

 

0

r78

Reserve funds, statutory reserve account for cooperatives, and other retained earnings

78.000

78.000

5.000.000

5.000.000

r79

Legal reserve fund / indivisible fund

78.000

78.000

5.000.000

5.000.000

r80

Statutory and other funds

 

 

 

0

r81

Profit / loss - previous years

195.718.000

216.989.000

250.383.000

314.634.000

r82

Retained earnings from previous years

195.718.000

216.989.000

250.383.000

314.634.000

r83

Accumulated losses from previous years

 

 

 

0

r84

Profit / loss - current year (+/-)

36.444.000

62.537.000

71.750.000

129.284.000

r85

Liabilities

132.276.000

95.224.000

178.641.000

220.212.000

r86

Reserves

257.000

162.000

149.000

928.000

r87

Reserves under special statutory regulations

 

 

 

0

r88

Reserves for pension and similar payables

 

 

 

0

r89

Income tax reserves

 

 

 

0

r90

Other reserves

257.000

162.000

149.000

928.000

r91

Long-term payables

630.000

520.000

725.000

613.000

r92

Trade payables

 

 

 

0

r93

Payables to controlled and managed organizations

 

 

 

0

r94

Payables to accounting units with substantial influence

 

 

 

0

r95

Payables from partners, cooperative members and association members

 

 

 

0

r96

Long-term advances received

 

 

 

0

r97

Issues bonds

 

 

 

0

r98

Long-term notes payables

 

 

 

0

r99

Estimated payables

 

 

 

0

r100

Other payables

 

 

 

0

r101

Deferred tax liability

630.000

520.000

725.000

613.000

r102

Short-term payables

70.689.000

49.800.000

55.317.000

96.599.000

r103

Trade payables

37.221.000

19.336.000

33.883.000

38.726.000

r104

Payables to controlled and managed organizations

 

10.286.000

 

0

r105

Payables to accounting units with substantial influence

 

 

 

0

r106

Payables from partners, cooperative members and association members

 

 

 

0

r107

Payroll

2.382.000

2.532.000

2.657.000

5.385.000

r108

Payables to social securities and health insurance

1.311.000

1.424.000

1.626.000

3.289.000

r109

Due from state - tax liabilities and subsidies

14.733.000

12.801.000

6.137.000

12.638.000

r110

Short-term deposits received

6.000

2.838.000

7.762.000

16.209.000

r111

Issues bonds

 

 

 

0

r112

Estimated payables

5.166.000

263.000

295.000

1.611.000

r113

Other payables

9.870.000

320.000

2.957.000

18.741.000

r114

Bank loans and financial accommodations

60.700.000

44.742.000

122.450.000

122.072.000

r115

Long-term bank loans

60.700.000

44.742.000

122.450.000

122.072.000

r116

Short-term bank loans

0

0

0

0

r117

Short-term accommodations

0

0

0

0

r118

Accruals

45.000

99.000

94.000

560.000

r119

Accrued expenses

 

 

 

0

r120

Deferred revenues

45.000

99.000

94.000

560.000

 

 

profit/loss account

31.12.2008 (CZK)

31.12.2009 (CZK)

31.12.2010 (CZK)

31.12.2011 (CZK)

a1

Turnover

273.966.000

308.099.000

375.957.000

658.933.000

a2

Revenues from sold goods

0

0

0

0

a3

Expenses on sold goods

0

0

0

0

a4

Sale margin

0

0

0

0

a5

Production

292.412.000

322.769.000

415.187.000

680.910.000

a6

Revenues from own products and services

273.966.000

308.099.000

375.957.000

658.933.000

a7

Change in inventory of own products

18.446.000

11.023.000

24.108.000

20.949.000

a8

Capitalization

 

3.647.000

15.122.000

1.028.000

a9

Production consumption

194.809.000

213.446.000

277.882.000

432.642.000

a10

Consumption of material and energy

127.358.000

160.551.000

197.187.000

301.830.000

a11

Services

67.451.000

52.895.000

80.695.000

130.812.000

a12

Added value

97.603.000

109.323.000

137.305.000

248.268.000

a13

Personnel expenses

47.675.000

52.162.000

62.618.000

82.265.000

a14

Wages and salaries

34.773.000

38.402.000

43.717.000

57.853.000

a15

Renumeration of board members

 

 

2.709.000

3.294.000

a16

Social security expenses and health insurance

12.054.000

12.802.000

15.068.000

19.746.000

a17

Other social expenses

848.000

958.000

1.124.000

1.372.000

a18

Taxes and fees

287.000

77.000

78.000

148.000

a19

Depreciations of intangible and tangible assets

9.833.000

15.899.000

15.672.000

19.366.000

a20

Revenues from disposals of fixed assets and materials

576.000

2.203.000

5.860.000

627.000

a21

Revenues from disposals of fixed assets

450.000

2.163.000

5.850.000

594.000

a22

Revenues from disposals of materials

126.000

40.000

10.000

33.000

a23

Net book value of disposed fixed assets and materials

85.000

1.387.000

1.488.000

420.000

a24

Net book value of sold fixed assets

 

1.347.000

1.478.000

386.000

a25

Net book value of sold material

85.000

40.000

10.000

34.000

a26

Change in operating reserves and adjustments and complex deferred costs ( + / - )

904.000

166.000

953.000

1.858.000

a27

Other operating revenues

11.212.000

14.638.000

20.753.000

20.275.000

a28

Other operating expenses

820.000

1.371.000

1.013.000

1.391.000

a29

Transfer of operating revenues

 

 

 

0

a30

Transfer of operating expenses

 

 

 

0

a31

Operating profit / loss

49.787.000

55.102.000

82.096.000

163.722.000

a32

Revenues from sales of securities and ownership interests

 

 

 

0

a33

Sold securities and ownership interests

 

 

 

0

a34

Revenues from long-term financial assets

 

 

 

246.000

a35

Revenues from shares in controlled and managed organizations and in accounting units with substantial influence

 

 

 

0

a36

Revenues from others securities and ownership interests

 

 

 

0

a37

Revenues from other long-term financial assets

 

 

 

246.000

a38

Revenues from short-term financial assets

 

 

 

0

a39

Expenses associated with financial assets

 

 

 

0

a40

Revenues from revaluation of securities and derivatives

 

19.514.000

21.115.000

2.412.000

a41

Cost of revaluation of securities and derivatives

 

320.000

25.845.000

32.168.000

a42

Change in financial reserves and adjustments ( + / - )

 

 

 

0

a43

Interest revenues

896.000

214.000

21.000

47.000

a44

Interest expenses

143.000

887.000

610.000

2.062.000

a45

Other financial revenues

32.704.000

19.665.000

37.332.000

99.200.000

a46

Other financial expenses

40.738.000

16.889.000

26.499.000

75.913.000

a47

Transfer of financial revenues

 

 

 

0

a48

Transfer of financial expenses

 

 

 

0

a49

Profit / loss from financial operations ( transactions )

-7.281.000

21.297.000

5.514.000

-8.238.000

a50

Income tax on ordinary income

6.350.000

13.913.000

15.859.000

26.200.000

a51

Due tax

5.972.000

14.022.000

15.655.000

26.312.000

a52

Tax deferred

378.000

-109.000

204.000

-112.000

a53

Operating profit / loss ordinary activity

36.156.000

62.486.000

71.751.000

129.284.000

a54

Extraordinary revenues

288.000

51.000

 

0

a55

Extraordinary expenses

 

 

1.000

0

a56

Income tax on extraordinary income

 

 

 

0

a57

Due tax

 

 

 

0

a58

Tax deferred

 

 

 

0

a59

Operating profit / loss extraordinary activity

288.000

51.000

-1.000

0

a60

Transfer profit ( loss ) to partners (+/-)

 

 

 

0

a61

Profit / loss of current accounting period (+/-)

36.444.000

62.537.000

71.750.000

129.284.000

a62

Profit / loss before tax (+/-)

42.794.000

76.450.000

87.609.000

155.484.000

 

Operating cash flow

37.327.000

59.650.000

76.594.000

 

 

Investment cash flow

-90.182.000

-51.127.000

-154.626.000

 

 

Financial cash flow

61.078.000

-31.131.000

77.709.000

 

 

Receivables after due date total

 

2.936.000

5.568.000

9.781.000

 

Liabilities after due date total

 

0

0

0

Balance indices

 

31.12.2008

31.12.2009

31.12.2010

31.12.2011

Return on total assets ROA (in %)

a62/r1 * 100

11,71

20,33

16,56

24,20

Return on equity ROE (in %)

a62/r68 * 100

18,36

27,23

25,02

36,87

Return on sales ROS (in %)

a62/a1 * 100

15,62

24,81

23,30

23,60

Turnover of receivables (in days)

r49/a1 * 365

70,89

49,13

59,14

61,41

Turnover of liabilities (in days)

r103/a1 * 365

49,59

22,91

32,90

21,45

Turnover of inventories (days)

r32/a1 * 365

98,29

110,35

122,34

95,07

Net working capital (in ths. CZK)

r31 - r102 - r116 - r117

158.656,00

175.905,00

210.335,00

287.929,00

Ratio of accounts payable to accounts receivable (in %)

(r39+r48) / (r91+r102) * 100

108,87

153,49

151,04

123,42

Ratio of profit/loss to tangible assets (in%)

r3 / a1 * 100

48,94

48,48

69,74

38,81

Current ratio

r31 / (r102+r116+r117)

3,24

4,53

4,80

3,98

Quick ratio

(r58+r48) / (r102+r116+r117)

2,20

2,66

2,52

2,20

Cash ratio

r58 / (r102+r116+r117)

1,10

1,11

0,99

0,96

Debt ratio I (in %)

(1-r68/r67) * 100

36,22

25,35

33,79

34,36

Debt ratio II (in %)

r85/r67 * 100

36,21

25,32

33,77

34,27

 

 

 


 

FOREIGN EXCHANGE RATES

 

Currency

Unit

Indian Rupees

US Dollar

1

Rs.53.85

UK Pound

1

Rs.85.25

Euro

1

Rs.71.72

 

 

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%)

 

PRIVATE & CONFIDENTIAL : This information is provided to you at your request, you having employed MIPL for such purpose. You will use the information as aid only in determining the propriety of giving credit and generally as an aid to your business and for no other purpose. You will hold the information in strict confidence, and shall not reveal it or make it known to the subject persons, firms or corporations or to any other. MIPL does not warrant the correctness of the information as you hold it free of any liability whatsoever. You will be liable to and indemnify MIPL for any loss, damage or expense, occasioned by your breach or non observance of any one, or more of these conditions

This report is issued at your request without any risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL) or its officials.