MIRA INFORM REPORT
|
Report Date : |
15.03.2013 |
IDENTIFICATION DETAILS
|
Name : |
KUUSAKOSKI OY |
|
|
|
|
Formerly Known As : |
KUUSAKOSKI RECYCLING OY |
|
|
|
|
Registered Office : |
Hyttipojankuja 2,
02780, ESPOO |
|
|
|
|
Country : |
Finland |
|
|
|
|
Financials (as on) : |
31.12.2011 |
|
|
|
|
Date of Incorporation : |
21.02.2000 |
|
|
|
|
Legal Form : |
Limited Company |
|
|
|
|
Line of Business : |
Recovery of sorted materials |
|
|
|
|
No. of Employees : |
1689 |
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 – June 30th, 2012
|
Country Name |
Previous Rating (31.03.2011) |
Current Rating (30.06.2012) |
|
Finland |
A2 |
A2 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
|
Moderate |
B1 |
|
High |
B2 |
|
Very High |
C1 |
|
Restricted |
C2 |
|
Off-credit |
D |
FINLAND - ECONOMIC OVERVIEW
Finland has a highly industrialized, largely free-market economy with per capita output roughly that of Austria, Belgium, the Netherlands, and Sweden. Trade is important with exports accounting for over one third of GDP in recent years. Finland is strongly competitive in manufacturing - principally the wood, metals, engineering, telecommunications, and electronics industries. Finland excels in high-tech exports such as mobile phones. Except for timber and several minerals, Finland depends on imports of raw materials, energy, and some components for manufactured goods. Because of the climate, agricultural development is limited to maintaining self-sufficiency in basic products. Forestry, an important export earner, provides a secondary occupation for the rural population. Finland had been one of the best performing economies within the EU in recent years and its banks and financial markets avoided the worst of global financial crisis. However, the world slowdown hit exports and domestic demand hard in 2009, with Finland experiencing one of the deepest contractions in the euro zone. A recovery of exports, domestic trade, and household consumption stimulated economic growth in 2010. The recession left a deep mark on general government finances and the debt ratio, turning previously strong budget surpluses into deficits. In addition to marginal growth prospects, general government finances will remain in deficit during the next few years. The great challenge of economic policy will be to mitigate a possible recession in 2012 in which measures supporting growth will be combined with general government adjustment measures. Longer-term, Finland must address a rapidly aging population and decreasing productivity that threaten competitiveness, fiscal sustainability, and economic growth.
Source
: CIA
Company name and address
|
Trading Name |
Kuusakoski Oy |
Trade Registry Number |
779384 |
|
|
|
Company Name |
Kuusakoski Oy |
Business ID |
15892363 |
|
|
|
Previous Name |
Kuusakoski Recycling Oy |
|
|
|
|
|
Telephone Number |
020781781 |
Registered Address |
Hyttipojankuja 2, 02780, ESPOO |
|
|
|
Fax Number |
0207817230 |
Visiting Address |
Hyttipojankuja 2, 02780, ESPOO |
|
|
|
Home Municipality |
Espoo |
Postal Address |
PL 9, 02781, ESPOO |
|
|
|
Incorporation Date |
21.02.2000 |
Branches |
26 |
|
|
|
Company Type |
Limited company |
Website Address |
|
|
|
|
Primary Sic Code |
38320 |
Accountant |
KPMG Oy Ab |
||
|
Primary Sic Description |
Recovery of sorted materials |
Last Accounts Date |
31.12.2011 |
|
|
|
Share Capital (€) |
3.132.880 |
Holding Company |
|
|
|
|
Deals in importing |
Yes |
Foreign Ownership |
No |
|
|
|
Deals in exporting |
Yes |
Currency |
EUR |
|
|
Key Financials (€)
|
Year |
31.12.2011 |
% |
31.12.2010 |
|
|
|
|
|
Number of weeks |
52 |
|
52 |
|
|
|
|
|
Turnover |
865.716.000 |
21% |
713.299.000 |
|
|
|
|
|
Operating Profit/Loss |
47.496.000 |
-16% |
56.602.000 |
|
|
|
|
|
Profit/Loss after Financial Items |
42.515.000 |
-20% |
53.119.000 |
|
|
|
|
|
Profit/Loss after tax |
27.922.000 |
-26% |
37.955.000 |
|
|
|
|
|
Current Assets |
210.886.000 |
4% |
203.639.000 |
|
|
|
|
|
Fixed Assets |
137.881.000 |
5% |
131.685.000 |
|
|
|
|
|
Long Term Debts |
37.319.000 |
31% |
28.521.000 |
|
|
|
|
|
Current Liabilities |
127.354.000 |
-7% |
137.407.000 |
|
|
|
|
|
Shareholders Equity |
184.094.000 |
9% |
169.396.000 |
|
|
|
|
|
Balance sheet total |
348.767.000 |
4% |
335.324.000 |
|
|
|
|
|
Number of employees |
1689 |
|
1478 |
|
|
|
|
|
Auditor qualification |
The auditor has no reservations |
|
The auditor has no reservations |
|
|
|
|
Ratios
|
Year |
31.12.2011 |
|
31.12.2010 |
|
|
|
|
|
Solvency Ratio |
53% |
|
51% |
|
|
|
|
|
|
Low Indebtedness |
|
Low Indebtedness |
|
|
|
|
|
Net margin (%) |
5% |
|
7% |
|
|
|
|
|
Interest Coverage Ratio (times) |
9 |
|
15 |
|
|
|
|
|
Gearing (%) |
38% |
|
42% |
|
|
|
|
|
Liquidity Ratio/Acid Test |
1 |
|
1 |
|
|
|
|
|
Risk Buffer (%) |
10% |
|
15% |
|
|
|
|
Shareholder Information
|
Year |
31.12.2011 |
|
|
Total Value of Shares |
3.132.880 |
|
|
Number of Shares |
39.161 |
|
|
Value of Shares |
80 |
|
Registrations in Force
|
|
State |
Registration Date |
|
Tax Administration |
Registered |
21.03.2000 |
|
Trade Register |
Registered |
21.02.2000 |
|
Employer Register |
Registered |
01.05.2000 |
|
Prepayment Register |
Registered |
01.05.2000 |
|
Value Added Tax-Liability |
VAT-liable for business activity |
01.05.2000 |
Business History
|
Date |
Event |
Source Company Name |
|
01.01.2013 |
Merger |
Rauman Romu Oy merged into
Kuusakoski Oy |
|
01.01.2013 |
Merger |
Turun Kierrätysteräs Oy merged
into Kuusakoski Oy |
|
31.12.2012 |
Merger |
Rauman Romu Oy merged into
Kuusakoski Oy |
|
31.12.2012 |
Merger |
Turun Kierrätysteräs Oy merged
into Kuusakoski Oy |
|
01.01.2012 |
Merger |
Magnus Albert Lönnqvist MAL Oy
merged into Kuusakoski Oy |
|
31.12.2011 |
Merger |
Magnus Albert Lönnqvist MAL Oy
merged into Kuusakoski Oy |
|
01.10.2011 |
Merger |
Rakentajien Ekopark Oy merged into
Kuusakoski Oy |
|
30.09.2011 |
Merger |
Rakentajien Ekopark Oy merged into
Kuusakoski Oy |
|
02.09.2006 |
Merger |
Seutulan Uusiometalli Oy merged
into Kuusakoski Oy |
|
01.09.2006 |
Merger |
Seutulan Uusiometalli Oy merged
into Kuusakoski Oy |
|
30.09.2004 |
Merger |
Myllyojan Metalli Oy merged into
Kuusakoski Oy |
Current Directors
|
Name |
Kuusakoski-Toivola Elsa Mariella Elisabeth |
|
|
|
Date of Birth |
24.03.1947 |
Appointment Date |
04.07.2012 |
|
Nationality |
FINLAND |
Function |
Actual Member of Board |
|
Name |
Pelkonen Arno Lauri Johannes |
|
|
|
Date of Birth |
11.05.1954 |
Appointment Date |
04.07.2012 |
|
Nationality |
FINLAND |
Function |
Actual Member of Board |
|
Name |
Virolainen Ossi Yrjö Olavi |
|
|
|
Date of Birth |
27.11.1944 |
Appointment Date |
04.07.2012 |
|
Nationality |
FINLAND |
Function |
Actual Member of Board |
|
Name |
Halonen Petri Olavi |
|
|
|
Date of Birth |
22.12.1971 |
Appointment Date |
07.11.2011 |
|
Nationality |
FINLAND |
Function |
Managing director |
|
Name |
Vaartimo Olli Tapani |
|
|
|
Date of Birth |
12.09.1950 |
Appointment Date |
04.07.2012 |
|
Nationality |
FINLAND |
Function |
Chairman of Board |
|
Name |
Kuusakoski Veikko Juhani |
|
|
|
Date of Birth |
03.08.1945 |
Appointment Date |
04.07.2012 |
|
Nationality |
FINLAND |
Function |
Actual Member of Board |
|
Name |
Walldén Tapio Petteri |
|
|
|
Date of Birth |
13.12.1948 |
Appointment Date |
04.07.2012 |
|
Nationality |
FINLAND |
Function |
Actual Member of Board |
Other Company Officials
|
Name |
Mannio Niilo Ilmari |
|
|
|
Date of Birth |
20.01.1972 |
Appointment Date |
04.07.2012 |
|
Nationality |
FINLAND |
Function |
Procurist |
|
Name |
Virtanen Petri Juhani |
|
|
|
Date of Birth |
28.09.1971 |
Appointment Date |
04.07.2012 |
|
Nationality |
FINLAND |
Function |
Procurist |
|
Name |
Eklund Ola Arvid |
|
|
|
Date of Birth |
06.02.1952 |
Appointment Date |
04.07.2012 |
|
Nationality |
FINLAND |
Function |
Procurist |
|
Name |
Salo Leena Johanna |
|
|
|
Date of Birth |
14.05.1964 |
Appointment Date |
04.07.2012 |
|
Nationality |
FINLAND |
Function |
Procurist |
|
Name |
Pulli Harri Juhani |
|
|
|
Date of Birth |
10.06.1960 |
Appointment Date |
04.07.2012 |
|
Nationality |
FINLAND |
Function |
Procurist |
|
Name |
Rajala Jukka Antero |
|
|
|
Date of Birth |
05.08.1965 |
Appointment Date |
11.06.2012 |
|
Nationality |
FINLAND |
Function |
Principal accountant |
|
Name |
Kuusakoski Teuvo Juhani |
|
|
|
Date of Birth |
12.09.1965 |
Appointment Date |
04.07.2012 |
|
Nationality |
FINLAND |
Function |
Procurist |
|
Name |
Kalland Tom Martin |
|
|
|
Date of Birth |
22.03.1965 |
Appointment Date |
04.07.2012 |
|
Nationality |
FINLAND |
Function |
Procurist |
|
Name |
Holländer Tero Tapani |
|
|
|
Date of Birth |
11.04.1974 |
Appointment Date |
04.07.2012 |
|
Nationality |
FINLAND |
Function |
Procurist |
Profit & Loss (€)
|
|
Operating Income |
31.12.2011 |
% |
31.12.2010 |
|
|
|
|
|
|
Number of weeks |
52 |
|
52 |
|
|
|
|
|
|
Consolidated Accounts |
yes |
|
yes |
|
|
|
|
|
|
Sales Revenue |
865.716.000 |
21% |
713.299.000 |
|
|
|
|
|
|
Other Operating Income |
3.598.000 |
-52% |
7.427.000 |
|
|
|
|
|
|
Total Operating Income |
869.314.000 |
21% |
720.726.000 |
|
|
|
|
|
|
Wages & Salaries |
67.415.000 |
16% |
58.198.000 |
|
|
|
|
|
|
Depreciation |
24.047.000 |
14% |
21.022.000 |
|
|
|
|
|
|
Total Operating Expenses |
821.818.000 |
24% |
664.124.000 |
|
|
|
|
|
|
Operating Profit/Loss |
47.496.000 |
-16% |
56.602.000 |
|
|
|
|
|
|
Result From Financial Investments |
|||||||
|
|
Financial Income |
428.000 |
97% |
217.000 |
|
|
|
|
|
|
Financial Expenses |
5.409.000 |
46% |
3.700.000 |
|
|
|
|
|
|
Total Financial Investments |
-4.981.000 |
- |
-3.483.000 |
|
|
|
|
|
|
Profit/Loss after Financial Items |
42.515.000 |
-20% |
53.119.000 |
|
|
|
|
|
|
Extraordinary Income |
0 |
- |
460.000 |
|
|
|
|
|
|
Extraordinary Expenses |
3.300.000 |
10% |
3.000.000 |
|
|
|
|
|
|
Profit/Loss Before Tax |
39.215.000 |
-22% |
50.579.000 |
|
|
|
|
|
|
Tax |
11.293.000 |
-11% |
12.624.000 |
|
|
|
|
|
|
Profit/Loss After Tax |
27.922.000 |
-26% |
37.955.000 |
|
|
|
|
Balance Sheet (€)
|
|
Assets |
12.2011 |
% |
12.2010 |
|
|
|
|
|
|
Number of weeks |
52 |
|
52 |
|
|
|
|
|
|
Consolidated Accounts |
yes |
|
yes |
|
|
|
|
|
|
Fixed Assets |
|||||||
|
|
Intangible Assets |
17.501.000 |
-19% |
21.615.000 |
|
|
|
|
|
|
Tangible Assets |
116.276.000 |
8% |
107.827.000 |
|
|
|
|
|
|
Other Fixed Assets |
4.104.000 |
83% |
2.243.000 |
|
|
|
|
|
|
Total Fixed Assets |
137.881.000 |
5% |
131.685.000 |
|
|
|
|
|
|
Current Assets |
|||||||
|
|
Inventories |
92.053.000 |
9% |
84.829.000 |
|
|
|
|
|
|
Trade Receivables |
75.721.000 |
-16% |
90.151.000 |
|
|
|
|
|
|
Other Receivables |
23.680.000 |
6% |
22.320.000 |
|
|
|
|
|
|
Cash & Bank Balances |
15.932.000 |
151% |
6.339.000 |
|
|
|
|
|
|
Other Current Assets |
3.500.000 |
- |
0 |
|
|
|
|
|
|
Total Current Assets |
210.886.000 |
4% |
203.639.000 |
|
|
|
|
|
|
Total Assets |
348.767.000 |
4% |
335.324.000 |
|
|
|
|
Equity and Liabilities (€)
|
|
EQUITY |
|||||||
|
|
Share Capital |
3.133.000 |
0% |
3.133.000 |
|
|
|
|
|
|
Share Premium Reserve |
2.806.000 |
0% |
2.806.000 |
|
|
|
|
|
|
Retained Earnings |
135.548.000 |
12% |
120.850.000 |
|
|
|
|
|
|
Other Reserves |
42.607.000 |
0% |
42.607.000 |
|
|
|
|
|
|
Total Equity |
184.094.000 |
9% |
169.396.000 |
|
|
|
|
|
|
LONG TERM LIABILITIES |
|||||||
|
|
Long Term Liabilities to Financial Institutions |
10.784.000 |
23% |
8.797.000 |
|
|
|
|
|
|
Other Long Term Liabilities Finance |
0 |
- |
0 |
|
|
|
|
|
|
Other Long Term Liabilities |
26.535.000 |
35% |
19.724.000 |
|
|
|
|
|
|
Total Long Term Debts |
37.319.000 |
31% |
28.521.000 |
|
|
|
|
|
|
CURRENT LIABILITIES |
|||||||
|
|
Trade Payables |
44.413.000 |
3% |
43.048.000 |
|
|
|
|
|
|
Liabilities to Financial Institutions |
32.360.000 |
-23% |
42.182.000 |
|
|
|
|
|
|
Other Short Term Financial Loans |
26.099.000 |
18% |
22.037.000 |
|
|
|
|
|
|
Other Short Term Liabilities |
24.482.000 |
-19% |
30.140.000 |
|
|
|
|
|
|
Total Current Liabilities |
127.354.000 |
-7% |
137.407.000 |
|
|
|
|
|
|
Total Liabilities |
164.673.000 |
-1% |
165.928.000 |
|
|
|
|
|
|
Total Equity & Liabilities |
348.767.000 |
4% |
335.324.000 |
|
|
|
|
Other Financials (€)
|
|
Working Capital |
83.532.000 |
26% |
66.232.000 |
|
|
|
|
|
|
Net Worth |
166.593.000 |
13% |
147.781.000 |
|
|
|
|
Key Ratios
|
|
|
31.12.2011 |
|
31.12.2010 |
|
|
|
|
|
|
Number of weeks |
52 |
|
52 |
|
|
|
|
|
|
Consolidated Accounts |
yes |
|
yes |
|
|
|
|
|
|
PROFITABILITY |
|||||||
|
|
Net Margin % |
4,9% |
|
7,5% |
|
|
|
|
|
|
Operating Profit/Loss % |
5,5% |
|
7,9% |
|
|
|
|
|
|
Pre-Tax Profit Margin % |
4,5% |
|
7,1% |
|
|
|
|
|
|
TRADING PERFORMANCE |
|||||||
|
|
Return on Net Assets Employed % |
21,3% |
|
29,9% |
|
|
|
|
|
|
Return on Total Capital % |
13,7% |
|
16,9% |
|
|
|
|
|
|
Interest Coverage Ratio (times) |
9 |
|
15 |
|
|
|
|
|
|
Return on Capital Employed % |
17,7% |
|
25,6% |
|
|
|
|
|
|
Return on Total Assets Employed % |
11,2% |
|
15,1% |
|
|
|
|
|
|
Interest on Debt % |
3,3% |
|
2,2% |
|
|
|
|
|
|
Risk Buffer % |
10,5% |
|
14,7% |
|
|
|
|
|
|
SHORT TERM LIQUIDITY |
|||||||
|
|
Liquidity Ratio/Acid Test |
1 |
|
1 |
|
|
|
|
|
|
Current Ratio % |
166,0% |
|
148,0% |
|
|
|
|
|
|
Debtor Days |
32 |
|
46 |
|
|
|
|
|
|
Working capital |
83.532.000 |
|
66.232.000 |
|
|
|
|
|
|
LONG TERM LIQUIDITY |
|||||||
|
|
Equity Ratio % |
52,8% |
|
50,5% |
|
|
|
|
|
|
Gearing % |
37,9% |
|
41,7% |
|
|
|
|
|
|
Current Debt Ratio |
1 |
|
1 |
|
|
|
|
|
|
Total Debt Ratio |
1 |
|
1 |
|
|
|
|
|
|
Relative debt % |
19,0% |
|
23,3% |
|
|
|
|
|
|
BUSINESS MEASURES |
|||||||
|
|
Change in turnover % |
21,4% |
|
- |
|
|
|
|
|
|
Turnover/employees |
512561 |
|
482611 |
|
|
|
|
|
|
Sales/Net Working Capital |
10 |
|
11 |
|
|
|
|
|
|
Stock Turnover Ratio % |
10,6% |
|
11,9% |
|
|
|
|
|
|
Creditor Days |
19 |
|
22 |
|
|
|
|
|
|
Equity in Percentage % |
56,3% |
|
54,4% |
|
|
|
|
Group structure
|
Company Name |
|
Registered Number |
Latest Key Financials |
Percentage Owned |
Turnover |
|
KUUSAKOSKI GROUP OY |
|
02006625 |
31.12.2011 |
- |
€1 530 000 |
|
ALTEAMS OY |
|
01803892 |
31.12.2011 |
100% |
€37 185 000 |
|
ALTEAMS EESTI OÜ |
|
N/A |
- |
100% |
- |
|
ALTEAMS STILEXO AB |
|
5561544304 |
31.12.2011 |
100% |
22 353 KSEK |
|
ALTEAMS DISPENSING AB |
|
5565569315 |
31.12.2011 |
100% |
228 KSEK |
|
ALTEAMS VYBORG OOO |
|
N/A |
- |
100% |
- |
|
ALTEAMS-STS (SUZHOU) ELE... |
|
N/A |
- |
100% |
- |
|
JOKIRANTAKIINTEISTÖT OY |
|
07684695 |
31.12.2011 |
100% |
€115 000 |
|
KUUSAKOSKI OY |
|
15892363 |
31.12.2011 |
100% |
€687 711 000 |
|
RAUMAN ROMU OY |
|
07659684 |
- |
100% |
- |
|
AVERHOFF A/S |
|
N/A |
- |
80% |
- |
|
KARELIA-METALL ZAO |
|
N/A |
- |
100% |
- |
|
KUUSAKOSKI AS |
|
N/A |
- |
100% |
- |
|
KUUSAKOSKI INC |
|
N/A |
- |
100% |
- |
|
KUUSAKOSKI PHILADELPHI... |
|
N/A |
- |
67% |
- |
|
KUUSAKOSKI SIA |
|
N/A |
- |
100% |
- |
|
KUUSAKOSKI SIBERIA OOO |
|
N/A |
- |
100% |
- |
|
KUUSAKOSKI SP Z.O.O. |
|
N/A |
- |
100% |
- |
|
KUUSAKOSKI SVERIGE AKTIE... |
|
5565692414 |
31.12.2011 |
100% |
1 441 629 KSEK |
|
ABVAC AB |
|
N/A |
- |
70% |
- |
|
BJÄSTA ÅTERVINNING AKT... |
|
5564746666 |
31.12.2011 |
100% |
1 270 KSEK |
|
BORRKOMPANIER I STOCKH... |
|
N/A |
- |
70% |
- |
|
R.Å.D I SVERIGE AB |
|
N/A |
- |
70% |
- |
|
KUUSAKOSKI UAB |
|
N/A |
- |
100% |
- |
|
KUUSAKOSKI UAB |
|
N/A |
- |
100% |
- |
|
KUUSAKOSKI ZAO |
|
N/A |
- |
100% |
- |
|
MAL OY |
|
21633405 |
31.12.2011 |
100% |
€194 000 |
|
MOSCOMET OOO |
|
N/A |
- |
100% |
- |
|
MURMET ZAO |
|
N/A |
- |
100% |
- |
|
PETROMAX ZAO |
|
N/A |
- |
100% |
- |
|
RAKENTAJIEN EKOPARK OY |
|
15793672 |
31.12.2010 |
100% |
€5 755 000 |
|
TURUN KIERRÄTYSTERÄS OY |
|
08347156 |
31.12.2007 |
100% |
€70 000 |
Linked Companies
|
Name |
|
Number |
Latest Key
financials |
Turnover |
|
RIVNING, ÅTERVINNING, DEMONTERING I SVERIGE
AKTIEBOLAG |
|
5564391307 |
31.12.2011 |
120 724 KSEK |
|
CROWN WORKS LIMITED |
|
05946436 |
31.12.2011 |
- |
|
BORRKOMPANIET I STOCKHOLM AKTIEBOLAG |
|
5564917325 |
31.12.2011 |
91 649 KSEK |
|
ABVAC AB |
|
5566473764 |
31.12.2011 |
9 660 KSEK |
|
ELEKTRONIK & ÅTERVINNING I VETLANDA
AKTIEBOLAG |
|
5565057733 |
01.12.2005 |
23 938 KSEK |
|
CASMAT INVEST AB |
|
5566544655 |
01.12.2006 |
- |
|
MAX EDWARDS LIMITED |
|
01914535 |
31.12.2011 |
- |
|
DIRECT ALLOYS LIMITED |
|
03774648 |
31.12.2011 |
- |
|
KUUSAKOSKI LONDON LIMITED |
|
07827100 |
- |
- |
|
KUUSAKOSKI GROUP OY |
|
- |
- |
- |
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.54.44 |
|
|
1 |
Rs.81.33 |
|
Euro |
1 |
Rs.70.50 |
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.