|
Report Date : |
08.07.2013 |
IDENTIFICATION DETAILS
|
Name : |
C. MELCHERS GMBH & CO. KG |
|
|
|
|
Registered Office : |
Schlachte 39-41, D 28195 Bremen, Post
Box 10 33 29, D 28033 Bremen |
|
|
|
|
Country : |
Germany |
|
|
|
|
Financials (as on) : |
31.12.2011 |
|
|
|
|
Date of Incorporation : |
01.01.1806 |
|
|
|
|
Com. Reg. No.: |
HRA 10118 HB |
|
|
|
|
Legal Form : |
Ltd partnership with priv. ltd. company
as general partner |
|
|
|
|
Line of Business : |
Wholesaler of furniture, carpets and
rugs and lighting |
|
|
|
|
No. of Employees : |
388 |
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 : |
good |
|
|
|
|
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 – March 31st 2013
|
Country Name |
Previous Rating (31.12.2012) |
Current Rating (31.03.2013) |
|
Germany |
A1 |
A1 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
|
Moderate |
B1 |
|
High |
B2 |
|
Very High |
C1 |
|
Restricted |
C2 |
|
Off-credit |
D |
germany ECONOMIC OVERVIEW
The German economy - the fifth
largest economy in the world in PPP terms and Europe's largest - is a leading
exporter of machinery, vehicles, chemicals, and household equipment and
benefits from a highly skilled labor force. Like its Western European
neighbors, Germany faces significant demographic challenges to sustained
long-term growth. Low fertility rates and declining net immigration are
increasing pressure on the country's social welfare system and necessitate
structural reforms. Reforms launched by the government of Chancellor Gerhard
SCHROEDER (1998-2005), deemed necessary to address chronically high
unemployment and low average growth, contributed to strong growth in 2006 and
2007 and falling unemployment. These advances, as well as a government
subsidized, reduced working hour scheme, help explain the relatively modest
increase in unemployment during the 2008-09 recession - the deepest since World
War II - and its decrease to 6.5% in 2012. GDP contracted 5.1% in 2009 but grew
by 4.2% in 2010, and 3.0% in 2011, before dipping to 0.7% in 2012 - a
reflection of low investment spending due to crisis-induced uncertainty and the
decreased demand for German exports from recession-stricken periphery
countries. Stimulus and stabilization efforts initiated in 2008 and 2009 and
tax cuts introduced in Chancellor Angela MERKEL's second term increased
Germany's total budget deficit - including federal, state, and municipal - to
4.1% in 2010, but slower spending and higher tax revenues reduced the deficit
to 0.8% in 2011. In 2012 Germany reached a budget surplus of 0.1%. A
constitutional amendment approved in 2009 limits the federal government to
structural deficits of no more than 0.35% of GDP per annum as of 2016 though
the target was already reached in 2012. By 2014, the federal government wants
to balance its budget. Following the March 2011 Fukushima nuclear disaster,
Chancellor Angela Merkel announced in May 2011 that eight of the country's 17
nuclear reactors would be shut down immediately and the remaining plants would
close by 2022. Germany hopes to replace nuclear power with renewable energy.
Before the shutdown of the eight reactors, Germany relied on nuclear power for
23% of its electricity generating capacity and 46% of its base-load electricity
production.
|
Source : CIA |
C. Melchers GmbH
& Co. KG
Schlachte 39-41
D 28195 Bremen
Post Box:
10 33 29, D 28033 Bremen
Telephone: 0421/1769-0
Telefax:
0421/1769-3401
Homepage: www.melchers.de
E-mail:
info@melchers.de
active
DE114396160
71 543 10023
Business relations are permissible.
LEGAL FORM Ltd
partnership with priv. ltd. company as
general partner
Date of foundation: 01.01.1806
Registered on: 02.07.1849
Register of
companies: Local court 28195 Bremen
under:
HRA 10118 HB
Total cap. contribution: EUR
12,487,800.00
Henning Carl Hermann Amsinck Melchers
An der Surheide 52
D 28870 Ottersberg
born: 18.04.1933
Share: EUR 2,250,000.00
Limited partner:
Peter Kuhlmann-Lehmkuhle
Brunnenweg 22a
D 28876 Oyten
born: 19.02.1955
Share: EUR 2,250,000.00
Limited partner:
Carl Peter Matthias Claussen
Am Lehnhof 9
D 28759 Bremen
born: 24.10.1952
Share: EUR 2,250,000.00
Limited partner:
Nicolas Carl Sebastian
Helms
Warfer Landstr. 32
D 28357 Bremen
born: 04.01.1964
Share: EUR 2,250,000.00
Limited partner:
Stephan Claussen
D 27249 Mellinghausen
Share: EUR 618,900.00
Limited partner:
Karin Sabine
Eckmayer-Wagner
D 82467
Garmisch-Partenkirchen
born: 02.05.1962
née: Claussen
Share: EUR 618,900.00
Limited partner:
Inez-Maria Lindemann
D 28195 Bremen
née: Canel
Share: EUR 562,500.00
Limited partner:
Peter Ando Lindemann
D 20095 Hamburg
born: 07.02.1961
Share: EUR 562,500.00
Limited partner:
Ina-Maria Lindemann
GB London
born: 15.07.1955
Share: EUR 562,500.00
Limited partner:
Vera-Maria Schmitt
D 20095 Hamburg
born: 15.11.1956
née: Lindemann
Share: EUR 562,500.00
Melchers Management GmbH
Schlachte 39-40
D 28195 Bremen
Legal form: Private limited company
Share capital: EUR 30,000.00
Registered on: 05.12.1978
Reg. data: 28195 Bremen, HRB 7337 HB
C. Melchers GmbH & Co. KG
Schlachte 39-41
D 28195 Bremen
Post Box:
10 33 29, D 28033 Bremen
Legal form: Ltd partnership with priv.
ltd.
company as general partner
Total cap. EUR 12,487,800.00
contribution:
Share: EUR 30,000.00
Registered on: 02.07.1849
Reg. data: 28195 Bremen, HRA 10118 HB
Peter Kuhlmann-Lehmkuhle
Brunnenweg 22a
D 28876 Oyten
born: 19.02.1955
Manager:
Carl Peter Matthias
Claussen
Am Lehnhof 9
D 28759 Bremen
born: 24.10.1952
Manager:
Nicolas Carl Sebastian
Helms
Warfer Landstr. 32
D 28357 Bremen
having sole power of
representation
born: 04.01.1964
Manager:
Dirk Sänger
D 28195 Bremen
having sole power of
representation
born: 23.12.1964
Klemens Wojack
D 28195 Bremen
authorized to jointly represent the
company
born: 17.04.1949
Marital status: married
Proxy:
Jens Rathmann
Hemmstr. 145
D 28215 Bremen
authorized to jointly
represent the company
born: 14.05.1966
Proxy:
Tim Schepers
D 21435 Stelle
authorized to jointly
represent the company
born: 05.07.1952
Proxy:
Angelina Rudolf
D 28195 Bremen
authorized to jointly
represent the company
born: 28.04.1960
Proxy:
Rainer Bekedorf
D 28816 Stuhr
authorized to jointly
represent the company
born: 12.01.1947
01.01.1806 - 21.08.2003 C. Melchers GmbH & Co.
Schlachte 39-40
D 28195 Bremen
Ltd partnership with
priv. ltd. company
as general partner
21.08.2003 - 27.05.2013 C. Melchers GmbH & Co. KG
Schlachte 39-40
D 28195 Bremen
Ltd partnership with
priv. ltd. company
as general partner
Main
industrial sector
46470
Wholesale of furniture, carpets and rugs and lighting
46480
Wholesale of clocks and watches and jewelry
46901
Non-specialized wholesale of raw materials and half-finished and
finished goods
Limited partner:
Happy People GmbH &
Co. KG
Konsul-Smidt-Str. 8b
D 28217 Bremen
Post Box:
10 41 01
Legal form: Ltd
partnership with priv. ltd.
company as
general partner
Company Status: active
Total cap. EUR 1,045,000.00
contribution:
Share: EUR 825,000.00
Reg. data: 12.01.1999
Local court
28195 Bremen
HRA 21754 HB
Limited partner:
Stucken Melchers GmbH
& Co.
Kommanditgesellschaft
Am Wall 162/163
D 28195 Bremen
Post Box:
10 12 45
Legal form: Ltd
partnership with priv. ltd.
company as
general partner
Company Status: active
Total cap. EUR 1,533,875.64
contribution:
Share: EUR 766,937.82
Reg. data: 25.06.1997
Local court
28195 Bremen
HRA 21371
Limited partner:
Sima GmbH & Co. KG
Hinter der Bahn 25
D 21439 Marxen
Legal form: Ltd
partnership with priv. ltd.
company as
general partner
Company Status: active
Total cap. EUR 360,000.00
contribution:
Share: EUR 270,000.00
Reg. data: 01.09.2011
Local court
21335 Lüneburg
HRA 201443
Shareholder:
Inspirion GmbH
Zum Panrepel 39
D 28307 Bremen
Legal form: Private
limited company
Company Status: active
Share capital: EUR 5,750,000.00
Share: EUR 2,875,000.00
Reg. data: 18.07.1995
Local court
28195 Bremen
HRB 16170 HB
Shareholder:
Fernost
Beteiligungsgesellschaft mit
beschränkter Haftung
Schlachte 39 /40
D 28195 Bremen
Post Box:
10 09 22
Legal form: Private
limited company
Company Status: active
Share capital: EUR 630,000.00
Share: EUR 630,000.00
Reg. data: 15.01.1963
Local court
28195 Bremen
HRB 3253 HB
Shareholder:
Melchers Techexport GmbH
Schlachte 39/40
D 28195 Bremen
Legal form: Private
limited company
Company Status: active
Share capital: EUR 128,000.00
Share: EUR 128,000.00
Reg. data: 06.09.1968
Local court
28195 Bremen
HRB 3972 HB
Shareholder:
Autronic-Melchers GmbH
Greschbachstr. 29
D 76229 Karlsruhe
Legal form: Private
limited company
Company Status: in liquidation
since: 19.01.2012
Share capital: EUR 60,000.00
Share: EUR 39,300.00
Reg. data: 25.06.1993
Local court 68159 Mannheim
HRB 106456
Shareholder:
Melchers Management GmbH
Schlachte 39-40
D 28195 Bremen
Legal form: Private
limited company
Company Status: active
Share capital: EUR 30,000.00
Share: EUR 30,000.00
Reg. data: 05.12.1978
Local
court 28195 Bremen
HRB 7337 HB
Shareholder:
Melchers Travel GmbH
Schlachte 39/40
D 28195 Bremen
Post Box:
10 33 29
Legal form: Private
limited company
Company Status: active
Share capital: EUR 30,000.00
Share: EUR 30,000.00
Reg. data: 04.03.1998
Local court
28195 Bremen
HRB 17919 HB
Shareholder:
CMC Engineering Export
GmbH
Schlachte 39-40
D 28195 Bremen
Post Box:
10 33 29
Legal form: Private
limited company
Company Status: active
Share capital: EUR 30,000.00
Share: EUR 30,000.00
Reg. data: 25.01.1977
Local court
28195 Bremen
HRB 6479 HB
Shareholder:
Transmarina
Handelsgesellschaft mbH
Schlachte 39/40
D 28195 Bremen
Legal form: Private
limited company
Company Status: active
Share capital: EUR 26,000.00
Share: EUR 26,000.00
Reg. data: 15.06.1963
Local court
28195 Bremen
HRB 6445 HB
Shareholder:
Melchers Techimport GmbH
Schlachte 39/40
D 28195 Bremen
Post Box:
10 33 29
Legal form: Private limited
company
Company Status: active
Share capital: EUR 26,000.00
Share: EUR 26,000.00
Reg. data: 10.01.1995
Local court 28195 Bremen
HRB 15834
Shareholder:
IGEL Technology GmbH
Hanna-Kunath-Str. 31
D 28199 Bremen
Legal form: Private
limited company
Company Status: active
Share capital: EUR 500,000.00
Share: EUR 18,750.00
Reg. data: 18.01.2002
Local
court 28195 Bremen
HRB 20636 HB
Shareholder:
Bremer Analyse-Institut
für Naturwaren GmbH
Flughafendamm 9a
D 28199 Bremen
Legal form: Private limited
company
Company Status: active
Share capital: EUR 25,564.60
Share: EUR 12,782.30
Reg. data: 30.05.1995
Local court
28195 Bremen
HRB 16082 HB
Shareholder:
elephant bambusprodukte
GmbH
Schlachte 39-40
D 28195 Bremen
Legal form: Private
limited company
Company Status: active
Share capital: EUR 25,000.00
Share: EUR 12,500.00
Reg. data: 24.02.2010
Local court
28195 Bremen
HRB 26149 HB
Payment experience: within agreed terms
Negative information: We have no negative information at hand.
Balance sheet year: 2011
Type of ownership: proprietor
Share: 100.00 %
Address Schlachte 39-40
D 28195 Bremen
Type of ownership: proprietor
Share: 100.00 %
Address Langenstr. 78
D 28195 Bremen
Type of ownership: Tenant
Address Schlachte 39-41
D 28195 Bremen
Real Estate of: Melchers Management GmbH
Type of ownership: Tenant
Address Schlachte 39-40
D 28195 Bremen
Land register documents were not
available.
COMMERZBANK, BREMEN
Sort. code: 29040090, BIC: COBADEFF290
COMMERZBANK VORMALS BREMER BANK (DRESDNER
BANK), BREMEN
Sort. code: 29080010, BIC: DRESDEFF290
SPARKASSE BREMEN, BREMEN
Sort. code: 29050101, BIC: SBREDE22XXX
Turnover: 2011 EUR 186,175,551.00
2012 EUR 186,390,000.00
Profit: 2011 EUR 16,239,610.00
further business figures:
Equipment: EUR 1,650,838.00
Ac/ts receivable: EUR
64,928,958.00
Liabilities: EUR 44,179,741.00
Employees:
388
-
thereof permanent staff: 367
-
Trainees: 17
Balance sheet ratios 01.01.2011 - 31.12.2011
Equity ratio [%]: 12.95
Liquidity ratio: 1.80
Return on total capital [%]: 17.11
Balance
sheet ratios 01.01.2010 - 31.12.2010
Equity ratio [%]: 46.33
Liquidity ratio: 1.76
Return on total capital [%]: 10.49
Balance sheet ratios 01.01.2009 - 31.12.2009
Equity ratio [%]: 57.32
Liquidity ratio: 3.67
Return on total capital [%]: 20.50
Balance sheet ratios 01.01.2008 - 31.12.2008
Equity ratio [%]: 50.77
Liquidity ratio: 2.28
Return on total capital [%]: 23.48
Equity
ratio
The equity ratio indicates the portion of
the equity as compared
to the total capital. The higher the
equity ratio, the better the
economic stability (solvency) and thus the
financial autonomy of
a company.
Liquidity
ratio
The liquidity ratio shows the proportion
between adjusted
receivables and net liabilities. The
higher the ratio, the lower
the company's financial dependancy from
external creditors.
Return
on total capital
The return on total capital shows the
efficiency and return on
the total capital employed in the company.
The higher the return
on total capital, the more economically
does the company work
with the invested capital.
Type of balance
sheet: Company balance sheet
Financial year: 01.01.2011 - 31.12.2011
ASSETS EUR 100,856,406.27
Fixed assets
EUR 12,463,025.94
Intangible assets
EUR 135,142.95
Tangible assets
EUR 3,793,860.75
Land / similar rights
EUR 2,143,023.01
Other tangible assets / fixtures and
fittings
EUR 1,650,837.74
Financial assets
EUR 8,534,022.24
Shares in participations /
subsidiaries and the like
EUR 8,534,022.24
Shares in related companies
EUR 4,826,849.92
Shares in investee companies
EUR 3,707,172.32
Current assets EUR 88,120,588.86
Stocks
EUR 15,111,163.47
Raw materials, consumables and
supplies
EUR 27,803.27
Finished goods / work in progress
EUR 14,589,384.91
Advance payments made
EUR 493,975.29
Accounts receivable
EUR 64,928,957.59
Trade debtors
EUR 24,565,675.47
Amounts
due from related companies EUR 34,909,068.29
Amounts due from investee companies
EUR 1,386,639.98
Other debtors and assets
EUR 4,067,573.85
Liquid means
EUR 8,080,467.80
Remaining other assets
EUR 272,791.47
Accruals (assets)
EUR 239,343.96
Deferred taxes (assets)
EUR 33,447.51
LIABILITIES EUR 100,856,406.27
Shareholders' equity
EUR 13,076,281.36
Capital
EUR 12,487,800.00
Limited partner's capital / capital
of partially liable partner (LP)
EUR 12,487,800.00
Limited partner's capital, fixed
capital, capital account I
EUR 12,487,800.00
Balancing item / Comprehensive Income
(+/-)
EUR -76,931.02
Other shareholders' equity (+/-) EUR 665,412.38
Other / unspecified part of the
shareholders' equity
EUR 665,412.38
Items between shareholders' equity and
debt capital
EUR 29,401,785.59
Other / unspecified items between
shareholders' equity and debt capital EUR 29,401,785.59
Provisions
EUR 14,120,515.49
Pension provisions and comparable
provisions
EUR 5,818,602.20
Provisions for taxes
EUR 2,265,481.64
Other / unspecified provisions
EUR 6,036,431.65
Liabilities
EUR 44,179,741.29
Financial debts
EUR 12,084,311.26
Liabilities due to banks
EUR 12,084,311.26
Other liabilities
EUR 32,095,430.03
Trade creditors (for IAS incl. bills
of exchange)
EUR 17,469,479.31
Liabilities from received advance
payments
EUR 772,523.34
Liabilities due to shareholders
EUR 35,251.45
Liabililties due to related companiesEUR 8,700,383.15
Liabilities due to investee companiesEUR 909.09
Unspecified other liabilities
EUR 5,116,883.69
thereof liabilities from tax /
financial authorities
EUR 639,509.59
thereof liabilities from social
security
EUR 2,057.15
Other liabilities
EUR 78,082.54
Deferred taxes (not included under
provisions/liabilities)
EUR 78,082.54
Guarantees and other commitments
EUR 79,378,750.00
Guarantees / warranties
EUR 77,215,000.00
Guarantees
EUR 23,215,000.00
Warranties
EUR 54,000,000.00
Letters of support EUR 163,750.00
Liability from creation of a security
interest for third parties
EUR 2,000,000.00
PROFIT AND LOSS ACCOUNT (cost-summary method)
according to Comm.
Code
(HGB)
Sales EUR 186,175,551.10
Other operating income
EUR 11,787,381.53
Cost of materials
EUR 157,690,760.22
Raw materials and supplies, purchased
goods EUR 157,690,760.22
Gross result (+/-)
EUR 40,272,172.41
Staff expenses
EUR 15,081,696.63
Wages and salaries
EUR 13,119,459.33
Social
security contributions and
expenses for pension plans and
benefits
EUR 1,962,237.30
Total depreciation
EUR 776,995.00
Depreciation on tangible / intangible
asssets (incl. start-up and exp. of
bus.
EUR 776,995.00
Other operating expenses
EUR 14,285,680.31
Operating result from continuing
operations
EUR 10,127,800.47
Result from participating interests
(+/-)
EUR 10,279,419.26
Expenses / income from participations EUR 10,279,419.26
Income from transfer of profits
EUR 2,503,469.74
Income from related companies
EUR 7,775,949.52
Interest result (+/-)
EUR -455,704.69
Interest and similar income
EUR 740,310.94
thereof from related companies
EUR 632,242.20
Interest and similar expenses
EUR 1,196,015.63
thereof paid to related companies
EUR 159,477.27
Financial result (+/-)
EUR 9,823,714.57
Result from ordinary operations (+/-)
EUR 19,951,515.04
Extraordinary expenses
EUR 1,000,000.00
Extraordinary result (+/-)
EUR -1,000,000.00
Income tax / refund of income tax (+/-)EUR -2,666,527.67
Other taxes / refund of taxes
EUR -45,377.59
Tax
(+/-)
EUR -2,711,905.26
Annual surplus / annual deficit
EUR 16,239,609.78
Type
of balance
sheet: Company balance sheet
Financial year: 01.01.2010 - 31.12.2010
ASSETS EUR 77,920,398.65
Fixed assets
EUR 11,925,235.41
Intangible assets
EUR 144,662.09
Tangible assets
EUR 3,559,722.55
Land / similar rights
EUR 2,193,912.01
Other tangible assets / fixtures and
fittings
EUR 1,365,810.54
Financial assets
EUR 8,220,850.77
Shares in participations /
subsidiaries and the like
EUR 8,220,850.77
Shares in related companies
EUR 5,013,678.45
Shares in investee companies
EUR 3,207,172.32
Current assets
EUR 65,736,318.47
Stocks
EUR 15,257,589.31
Raw materials, consumables and
supplies
EUR 27,680.83
Finished
goods / work in progress EUR 15,023,624.17
Advance payments made
EUR 206,284.31
Accounts receivable
EUR 48,962,552.42
Trade debtors
EUR 13,390,180.81
Amounts due from related companies
EUR 30,231,191.42
Amounts due from investee companies
EUR 1,848,477.21
Other debtors and assets
EUR 3,492,702.98
Liquid means
EUR 1,516,176.74
Remaining other assets
EUR 258,844.77
Accruals (assets)
EUR 258,844.77
LIABILITIES EUR 77,920,398.65
Shareholders' equity EUR 13,013,160.54
Capital
EUR 13,013,160.54
Limited partner's capital / capital
of partially liable partner (LP)
EUR 12,487,800.00
Other capital
EUR 525,360.54
Provisions
EUR 12,409,243.82
Pension provisions and comparable
provisions
EUR 5,592,445.48
Provisions for taxes
EUR 1,609,468.40
Other / unspecified provisions
EUR 5,207,329.94
Liabilities
EUR 52,472,994.29
Financial debts
EUR 5,187,685.18
Liabilities due to banks
EUR 5,187,685.18
Other liabilities
EUR 47,285,309.11
Trade creditors (for IAS incl. bills
of exchange)
EUR 11,777,583.35
Liabilities from received advance
payments EUR 463,742.73
Liabilities due to shareholders
EUR 23,128,465.09
Liabililties due to related companiesEUR 7,126,745.51
Unspecified other liabilities
EUR 4,788,772.43
thereof liabilities from tax /
financial authorities
EUR 622,886.92
thereof liabilities from social
security
EUR 826.01
Other liabilities
EUR 25,000.00
Deferrals (liabilities) EUR 25,000.00
PROFIT AND LOSS ACCOUNT (cost-summary method)
according to Comm.
Code
(HGB)
Sales
EUR 138,549,380.43
Other operating income
EUR 12,948,819.01
Cost of materials
EUR 115,495,064.23
Raw materials and supplies, purchased
goods
EUR 115,495,064.23
Gross result (+/-)
EUR 36,003,135.21
Staff expenses
EUR 14,917,418.16
Wages and salaries
EUR 12,633,193.26
Social security contributions and
expenses for pension plans and
benefits
EUR 2,284,224.90
Total depreciation
EUR 843,229.71
Depreciation on tangible / intangible
asssets (incl. start-up and exp. of
bus.
EUR 843,229.71
Other
operating expenses EUR 14,945,703.28
Operating result from continuing
operations
EUR 5,296,784.06
Result from participating interests
(+/-)
EUR 5,087,455.74
Expenses / income from participations EUR 5,087,455.74
Income from transfer of profits
EUR 604,081.89
Income from related companies
EUR 4,483,373.85
Interest result (+/-)
EUR -206,675.20
Interest and similar income
EUR 529,004.72
thereof from related companies
EUR 334,907.89
Interest and similar expenses
EUR 735,679.92
thereof paid to related companies
EUR 64,504.00
Financial result (+/-)
EUR 4,880,780.54
Result from ordinary operations (+/-)
EUR 10,177,564.60
Income tax / refund of income tax (+/-)EUR -1,988,876.54
Other taxes / refund of taxes
EUR -19,659.76
Tax
(+/-)
EUR -2,008,536.30
Annual surplus / annual deficit
EUR 8,169,028.30
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.60.34 |
|
UK Pound |
1 |
Rs.90.79 |
|
Euro |
1 |
Rs.77.81 |
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.