MIRA INFORM REPORT
|
Report Date : |
16.05.2013 |
IDENTIFICATION DETAILS
|
Name : |
MASCOT INTERNATIONAL AS |
|
|
|
|
Registered Office : |
Julsovej 100, 8600 Silkeborg |
|
|
|
|
Country : |
Denmark |
|
|
|
|
Financials (as on) : |
31.12.2011 |
|
|
|
|
Date of Incorporation : |
18.04.1990 |
|
|
|
|
Com. Reg. No.: |
13863385 |
|
|
|
|
Legal Form : |
Limited Company |
|
|
|
|
Line of Business : |
Manufacturer of work wear |
|
|
|
|
No. of Employees : |
1517 |
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 : |
Regular |
|
|
|
|
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) |
|
Denmark |
A2 |
A2 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
|
Moderate |
B1 |
|
High |
B2 |
|
Very High |
C1 |
|
Restricted |
C2 |
|
Off-credit |
D |
denmark ECONOMIC OVERVIEW
This thoroughly modern market economy features a high-tech agricultural
sector, state-of-the-art industry with world-leading firms in pharmaceuticals,
maritime shipping and renewable energy, and a high dependence on foreign trade.
Denmark is a member of the European Union (EU); Danish legislation and
regulations conform to EU standards on almost all issues. Danes enjoy a high
standard of living and the Danish economy is characterized by extensive
government welfare measures and an equitable distribution of income. Denmark is
a net exporter of food and energy and enjoys a comfortable balance of payments
surplus but depends on imports of raw materials for the manufacturing sector.
Within the EU, Denmark is among the strongest supporters of trade
liberalization. After a long consumption-driven upswing, Denmark's economy
began slowing in 2007 with the end of a housing boom. Housing prices dropped
markedly in 2008-09 and, following a short respite in 2010, has since continued
to decline. The global financial crisis has exacerbated this cyclical slowdown
through increased borrowing costs and lower export demand, consumer confidence,
and investment. The global financial crisis cut Danish real GDP in 2008-09.
Denmark made a modest recovery in 2010 with real GDP growth of 1.3%, in part
because of increased government spending; however, the country experienced a
technical recession in late 2010-early 2011. Historically low levels of
unemployment rose sharply with the recession and have remained at about 6% in
2010-12, based on the national measure, about two-thirds average EU
unemployment. An impending decline in the ratio of workers to retirees will be
a major long-term issue. Denmark maintained a healthy budget surplus for many
years up to 2008, but the budget balance swung into deficit in 2009. In spite
of the deficits, the new coalition government delivered a modest stimulus to
the economy in 2012. Nonetheless, Denmark's fiscal position remains among the
strongest in the EU with public debt at about 45% of GDP in 2012. Despite
previously meeting the criteria to join the European Economic and Monetary
Union (EMU), so far Denmark has decided not to join, although the Danish krone
remains pegged to the euro. Denmark held the EU presidency during the first
half of 2012; priorities included promoting a responsible, dynamic, green, and
safe Europe, while working to steer Europe out of its euro zone economic
crisis.
|
Source : CIA |
company summary
Company name MASCOT
INTERNATIONAL A/S
Operative address JULSOVEJ 100
8600 SILKEBORG
Denmark
Status Active
Specification This company can meet
all its obligations.
Legal form Limited company -
A/S
Registration number Trade register
number: 13863385
Trade register
number: 13863385
VAT-number DK13 86 33 85
Year 2011
Mutation 2010 Mutation
2009
Fixed assets 16.869.127
56,67 10.767.575 15,87 9.292.938
Total receivables 11.958.331
0,39 11.912.296 42,12 8.381.995
Total equity 32.470.471
25,17 25.940.794 27,06
20.415.656
Short term liabilities 44.815.929 51,26 29.629.088
-11,34 33.420.447
Net result 7.362.429
29,37 5.690.823 168,86
2.116.664
W orking capital 19.236.017 -0,60 19.351.252
18,54 16.324.232
Quick ratio 0,32
-28,89 0,45
50,00 0,30
Contact information
Company name MASCOT
INTERNATIONAL A/S
Operative address JULSOVEJ 100
8600 SILKEBORG
Denmark
Correspondence address JULSOVEJ 100
8600 SILKEBORG
Denmark
Telephone number +45 87244700
Fax number +45 87244701
Email address info@mascot.dk
Website www.mascot.dk
Registration
Registration number Trade register
number: 13863385
Trade register
number: 13863385
VAT-number DK13 86 33 85
Status Active
Establishment date 1990-04-18
Legal form Limited company -
A/S
Subscribed share capital DKK 500.000
Activities
NACE Manufacture of
work wear (1412)
Relations
Shareholders ULTIMATE GLOBAL
SHAREHOLDER
Name: MICHAEL G. HOLDING APS
National id number: 30906802
Address: Sejs Søvej 36
Zipcode: 8600
City: SILKEBORG
Country: DK
Type: Industrial company
Share TOTAL: n.v.%
Turnover: 99.21 mil. EUR
TOTAL assets : 112.08 mil. EUR
Profit loss before tax: 13.13 mil. EUR
Profit loss after tax net income: 9.7581
mil. EUR
Shareholders funds: 42.4121 mil. EUR
SHAREHOLDERS
Name: MASCOT HOLDING A/S
National id number: 30809696
Address: Julsøvej 100
Zipcode: 8600
City: SILKEBORG
Country: DK
Phone: +45 87244700
FAX: +45 87244701
W ebsite: www.mascot.dk
Type: Industrial company
Share direct: 100.00%
TOTAL assets : 42.01 mil. EUR
Profit loss before tax: 9.5205 mil. EUR
Profit loss after tax net income: 9.5221
mil. EUR
Shareholders funds: 41.9937 mil. EUR
Number of employees: 0
Structure SUBSIDIARIES
Name: MASCOT INTERNATIONAL AG
National id number: CH-170.3.026.130-5
Address: Baarerstrasse 94
Zipcode: 6300
City: ZUG
Country: CH
Type: Industrial company
Phone: Array
W ebsite: Array
Share direct: 100.00%
Number of employees: 1
Name: MASCOT INTERNATIONAL AUSTRIA GMBH
National id number: FN 240450 d (W ien)
Address: Kohlmarkt 8-10
Zipcode: 1010
City: W IEN
Country: AT
Type: Industrial company
Phone: Array
W ebsite: Array
Share direct: 100.00%
Total assets : 0.35 mil. EUR
Shareholders
funds: 0.1279 mil. EUR
Number of employees: 1
Name: MASCOT INTERNATIONAL B.V.
National id number: 34198186
Address: Rijksweg 79
Zipcode: 1411 GE
City: NAARDEN
Country: NL
Type: Industrial company
Share direct: 100.00%
Total assets : 2.6 mil. EUR
Profit loss before tax: 0.0556 mil. EUR
Profit loss after tax net income: 0.0401
mil. EUR
Shareholders funds: 0.4464 mil. EUR
Number of employees: 8
Name: MASCOT INTERNATIONAL EURL
Country: FR
Type: Industrial company
Share direct: 100.00%
Name: MASCOT INTERNATIONAL GMBH
National id number: HRB 3685FL (Flensburg)
Address: Neust adt 10
Zipcode: 24939
City: FLENSBURG
Country: DE
Type: Industrial company
Fax: +49 461 43748
Share direct: 100.00%
Total assets : 4.75 mil. EUR
Shareholders funds: 1.8244 mil. EUR
Name: MASCOT INTERNATIONAL LIMITED
National id number: 03961213
Address: 3 Hardman Street
Zipcode: M3 3HF
City: MANCHESTER
Country: GB
Type: Industrial company
Share direct: 100.00%
Turnover: 9.14 mil. EUR
Total assets : 2.16 mil. EUR
Profit loss before tax: 0.0501 mil. EUR
Profit loss after tax net income: 0.0419
mil. EUR
Shareholders funds: 0.6281 mil. EUR
Name: MASCOT INTERNATIONAL NORGE AS
National id number: 988 642 568
Address: Kalnesveien 5
Zipcode: 1712
City: GRÅLUM
Country: NO
Type: Industrial company
Fax: +47 87244701
Share direct: 100.00%
Turnover: 0.96 mil. EUR
Total assets : 0.26 mil. EUR
Profit loss before tax: 0.0269 mil. EUR
Profit loss after tax net income: 0.0192
mil. EUR
Shareholders funds: 0.1425 mil. EUR
Number of employees: 2
Name: MASCOT INTERNATIONAL PAKISTAN (PVT)
LTD
Country: PK
Type: Industrial company
Share direct: 100.00%
Name: MASCOT INTERNATIONAL VIETNAM LTD.
Country: VN
Type: Industrial company
Share direct: 100.00%
Name: W EDOECOM LTD
Country: VN
Type: Industrial company
Share direct: 50.00%
Branches Name: MASCOT
INTERNATIONAL A/S
National id number: 13863385-F6C
Address: Sabroesvej 20
Zipcode: 8600
City: SILKEBORG
Country: DK
Name: MASCOT INTERNATIONAL A/S - EKSPORT
National id number: 13863385-F4F
Address: Julsøvej 100
Zipcode: 8600
City: SILKEBORG
Country: DK
Name: MASCOT INTERNATIONAL A/S LAGER
National id number: 13863385-1403
Address: Bredhøjvej 25
Zipcode: 8600
City: SILKEBORG
Country: DK
Name: MASCOT INTERNATIONAL A/S LAGER
National id number: 13863385-C00
Address: Anebjergvej 49
Zipcode: 8600
City: SILKEBORG
Country: DK
Name: MASCOT INTERNATIONAL A/S LAGER
National id number: 13863385-DF8
Address: Tietgensvej 15
Zipcode: 8600
City: SILKEBORG
Country: DK
Bank details
Accounts Sydbank
Management
Management Fullname: Mr. John
Kjargaard Grosbol
Type: Individual
Gender: Male
date of birth: 1936/07/01
Age: 76
Address: Denmark
Number of involvements: 5
Function: Chairman
Level of responsibility: President /
Chairman
Fullname: Mr. Michael John Grosbol
Type: Individual
Gender: Male
date of birth: 1969/01/24
Age: 44
Country of nationality: Denmark
Address: Denmark
Number of involvements: 11
Function: Member of the board
Level of responsibility: Member
Appointment date: 1998/08/03
Fullname: Mr. Michael John Grosbol
Type: Individual
Gender: Male
date of birth: 1969/01/24
Age: 44
Country of nationality: Denmark
Address: Denmark
Number of involvements: 11
Function: Managing Director
Level of responsibility: Highest executive
Appointment date: 1998/08/03
Fullname: Mr. Susie Grosbol
Type: Individual
Gender: Male
Country of nationality: Denmark
Address: Denmark
Number of involvements: 5
Function: Member of the board
Level of responsibility: Member
Appointment date: 2003/05/13
Fullname: Mr. Tove Harriet Grosbol
Type: Individual
Gender: Male
date of birth: 1943/07/01
Age: 69
Country of nationality: Denmark
Address: Denmark
Number of involvements: 6
Function: Member of the board
Level of responsibility: Member
Appointment date: 2003/05/13
Fullname: Mr. Henrik Bach-Pedersen
Type: Individual
Gender: Male
Address: Denmark
Number of involvements: 3
Function: General Manager
Level of responsibility: Highest executive
Appointment date: 2003/10/22
Fullname: Mr. Lars Spang Kjeldsen
Type: Individual
Gender: Male
Address: Denmark
Number of involvements: 2
Function: General Manager
Level of responsibility: Highest executive
Appointment date: 2007/03/28
Fullname: Mr. Kurt Madsen
Type: Individual
Gender: Male
Address: Denmark
Number of involvements: 1
Function: General Manager
Level of responsibility: Highest executive
Appointment date: 2003/10/22
Fullname: Mr. Anders Ryberg
Type: Individual
Gender: Male
Country of nationality: Denmark
Address: Denmark
Number of involvements: 6
Function: General Manager
Level of responsibility: Highest executive
Appointment date: 2010/11/26
Employees
|
Year |
2011 |
2010 |
2009 |
2008 |
2007 |
|
Total |
1517 |
1163 |
1015 |
890 |
261 |
Financial analysis
Trend Fluctuating
Profitability More than
sufficient
Solvability Positive
Liquidity Sufficient
Show amount in Euro
Key figures
|
Year |
2011 |
2010 |
2009 |
2008 |
2007 |
|
Quick
ratio |
0,32 |
0,45 |
0,30 |
0,32 |
0,57 |
|
Current
ratio |
1,43 |
1,65 |
1,49 |
1,67 |
2,25 |
|
W orking
capital/ balance total |
0,24 |
0,32 |
0,28 |
0,35 |
0,48 |
|
Equity /
balance total |
0,24 |
0,32 |
0,28 |
0,35 |
0,48 |
|
Equity /
Fixed assets |
1,92 |
2,41 |
2,20 |
1,88 |
2,35 |
|
Solvability |
1,76 |
1,89 |
1,63 |
1,43 |
1,59 |
|
W orking
capital |
19.236.017 |
19.351.252 |
16.324.232 |
25.466.243 |
27.178.773 |
|
Equity |
32. 470. 471 |
25. 940. 794 |
20. 415. 656 |
19.586.834 |
18.464.947 |
|
Mutation
equity |
25,17 |
27, 06 |
4,23 |
6,08 |
|
|
Mutation
short term liabilities |
51, 26 |
-11,34 |
-11,83 |
74, 78 |
|
|
Return on
total assets (ROA) |
12,24 |
12,37 |
4,69 |
3,32 |
12,98 |
|
Return on
equity (ROE) |
30, 50 |
28,50 |
13,58 |
12,52 |
39, 86 |
|
Gross
profit margin |
15,16 |
13, 42 |
7,83 |
7,57 |
14,17 |
|
Net profit
margin |
9,61 |
8,87 |
3,84 |
2,63 |
8,60 |
|
Average
collection ratio |
1,71 |
2,17 |
1,65 |
1,66 |
2,91 |
|
Average
payment ratio |
6,41 |
5,39 |
6,58 |
6,48 |
6,45 |
|
Equity
turnover ratio |
2,36 |
2,47 |
2,70 |
3,21 |
3,42 |
|
Total
assets turnover ratio |
0,95 |
1,07 |
0,93 |
0,85 |
1,11 |
|
Fixed
assets turnover ratio |
4,54 |
5,96 |
5,93 |
6,04 |
8,03 |
|
Inventory
conversion ratio |
1,54 |
1,80 |
1,38 |
1,23 |
1,73 |
|
Turnover |
76.640.335 |
64.185.941 |
55.131.833 |
62.914.824 |
63.067.757 |
|
Gross
margin |
36. 444. 520 |
30. 916. 133 |
25. 905. 928 |
27. 050. 337 |
27. 109. 976 |
|
Operating
result |
11.619.493 |
8.611.661 |
4.319.193 |
4.764. 247 |
8.933.866 |
|
Net result
after taxes |
7.362. 429 |
5.690.823 |
2.116. 664 |
1.652.483 |
5.422.183 |
|
Cashflow |
10.273.422 |
8.064.621 |
4.338.987 |
3.494.498 |
6.537.644 |
|
EBITDA |
14.530.486 |
10.985.459 |
6.541.516 |
6.606. 262 |
10.049.328 |
Summary
The 2011 financial result structure is a postive working captial of
19.236.017 euro,
which is in agreement with 24 % of the total assets of the company.
The working capital remained unchanged compared to previous year. The
ratio wit h
respect to the total assets of the company has however, declined.
The unchanged capital can be explained by a decreas e in current assets
and an
increase in current liabilities.
The current ratio of the company in 2011 was 1.43. W hen the current
ratio is below
1.5, the company may have problems meeting its short-term obligations.
The quick ratio in 2011 of the company was 0.32. A company with a Quick
Ratio of
less than 1 cannot current ly pay back its current liabilities.
The 2010 financial result structure is a postive working captial of
19.351.252 euro,
which is in agreement with 32 % of the total assets of the company.
The working capital has increased with 18.54 % compared to previous
year. The ratio,
with respect to the total assets of the company has however, increased.
The improvement between 2009 and 2010 has mainly been caused by an
increase of
the current assets.
The current ratio of the company in 2010 was 1.65. A company with a
current ratio
between 1.5 and 3.0 generally indicates good short-term financial
strength.
The quick ratio in 2010 of the company was 0.45. A company with a Quick
Ratio of
less than 1 cannot currently pay back its current liabilities.
Financial statement
Auditor Name: PRICEW
ATERHOUSECOOPERS Statsautoriseret Revisions P/S
Last annual account 2011
Remark annual account The company is obliged
to file its financial statements.
Type of annual account Consolidated
Annual account MASCOT
INTERNATIONAL A/S
JULSOVEJ 100
8600 SILKEBORG
Denmark
Balance sheet
|
Year |
2011 |
2010 |
2009 |
2008 |
2007 |
|
End date |
2011-12-31 |
2010-12-31 |
2009-12-31 |
2008-12-31 |
2007-12-31 |
|
Intangible
fixed assets |
5.381 |
8.662 |
14.177 |
20.938 |
10.440 |
|
Tangible
fixed assets |
16.624.045 |
10.475.864 |
8.984.253 |
10.159.087 |
7.473.754 |
|
Other fixed assets |
239.702 |
283.049 |
294.509 |
244.596 |
365.530 |
|
I nv e ntories |
49. 777. 706 |
35. 565. 514 |
39. 875. 830 |
51.186.190 |
36. 408. 435 |
|
Total receivables |
11.958.331 |
11.912.296 |
8.381.995 |
9.704.294 |
9.784.717 |
|
Liquid funds |
572.890 |
559.967 |
315.373 |
472.060 |
1.360.933 |
|
Other current assets |
1.743.018 |
942.563 |
1.171.481 |
2.008. 296 |
1.312.213 |
|
Current assets |
64.051.946 |
48.980.340 |
49.744.679 |
63.370.841 |
48.866.299 |
|
Total assets |
80.921.073 |
59.747.915 |
59.037.617 |
73.795.462 |
56.716.022 |
|
To tal e quity |
32.470.471 |
25.940.794 |
20.415.656 |
19.586.834 |
18.464.947 |
|
Provisions |
2.347.519 |
2.169. 240 |
2.499. 846 |
2.702. 654 |
2.584.675 |
|
Long term liabilities |
1.287.154 |
2.008.792 |
2.701.669 |
13.601.375 |
13.978.874 |
|
Accounts payable |
3.340. 762 |
2.559.298 |
1.466.792 |
6.267. 036 |
6.074. 140 |
|
Short term liabilities |
44.815.929 |
29.629.088 |
33.420.447 |
37.904.598 |
21.687.526 |
|
Total liabilities |
80.921.073 |
59.747.915 |
59.037.617 |
73.795.462 |
56.716.022 |
Summary
The total assets of the company increased with 35.44 % between 2010 and 2011.
The total asset increase is retrievable in the fixed asset growth of 56.67 %.
In 2011 the assets of the company were 8092107300 % composed of fixed assets and -8092107200 % by current assets. The assets are being financed by an equity of 8092107300 %, and total debt of -8092107200 %.
The total assets of the company increased with 1.2 % between 2009 and 2010. The total asset increase is retrievable in the fixed asset growth of 15.87 %.
In 2010 the assets of the company were 5974791500 % composed of fixed assets and -5974791400 % by current assets. The assets are being financed by an equity of 5974791500 %, and total debt of -5974791400 %.
|
Year |
2011 |
2010 |
2009 |
2008 |
2007 |
|
Net turnover |
76.640.335 |
64.185.941 |
55.131.833 |
62.914.824 |
63.067.757 |
|
Cost of sales |
40.195.815 |
33.269.808 |
29.225.905 |
35.864.487 |
35.957.780 |
|
Gross margin |
36.444.520 |
30.916.133 |
25.905.928 |
27.050.337 |
27.109.976 |
|
W ages and salaries |
17.704.452 |
15.471.726 |
15.142.854 |
15.838.767 |
13.032.860 |
|
Amorization and depreciation |
2.910.994 |
2.373.797 |
2.222.323 |
1.842.014 |
1.115.462 |
|
Operating expenses |
24.825.027 |
22.304.472 |
21.586.736 |
22.286.089 |
18.176.110 |
|
Operating result |
11.619.493 |
8.611.661 |
4.319.193 |
4.764.247 |
8.933.866 |
|
Financial income |
6.860 |
5.197 |
42.799 |
15.092 |
212.010 |
|
Financial expenses |
1.723.917 |
1.224.945 |
1.590.240 |
2.327.535 |
1.785.087 |
|
Financial result |
-1.717.057 |
-1.219.748 |
-1.547.441 |
-2.312.443 |
-1.573.077 |
|
Result on ordinary operations before taxes |
9.902.436 |
7.391.914 |
2.771.752 |
2.451.804 |
7.360.789 |
|
Taxation on the result of ordinary
activities |
2.540.007 |
1.701.090 |
655.088 |
799.321 |
1.938.607 |
|
Result of ordinary
activities after taxes |
7.362.429 |
5.690.823 |
2.116.664 |
1.652.483 |
5.422.183 |
|
Net result |
7.362.429 |
5.690.823 |
2.116.664 |
1.652.483 |
5.422.183 |
Summary
The turnover of the company grew with 19.4 % between 2010 and 2011.
The gross profit of the company grew with 17.88 % between 2010 and 2011.
The operating result of the company grew with 34.93 % between 2010 and
2011. This
evolution implies an increase of the company's economic profitability .
The result of these changes is a reduction of the company's Economic
Profitability of -
1.05 % of the analysed period, being equal to 2010 % in the year 2011.
This fall has contributed to a asset turnover decrease, whose index
evolved from -
11.21 to a level of 0.95.
The Net Result of the company decreased by 29.37 % between 2010 and
2011. The
company's Financial Profitability has been positively affected by the
financial
activities in comparison to the EBITs behaviour. The result of thes e
variations is a
profitability increase of 7.02 % of the analysed period, being 30.5 % in
the year 2011.
The company's financial structure has slowed down its financial
profitability .
The turnover of the company grew with 16.42 % between 2009 and 2010.
The gross profit of the company grew with 19.34 % between 2009 and 2010.
The operating result of the company grew with 99.38 % between 2009 and
2010. This
evolution implies an increase of the company's economic profitability .
The result of these changes is an increase of the company's Economic
Profitability of
163.75 % of the analysed period, being equal to 2009 % in the year 2010.
This growth has contributed to the increase in assets turnover,
increasing by 15.05 %
reaching 1.07.
The Net Result of the company decreased by 168.86 % between 2009 and
2010.
The company's Financial Profitability has been negatively affected by
the financial
activities in comparison to the EBITs behaviour. The result of thes e
variations is a
profitability reduction of 109.87 % of the analysed period, being 28.5 %
in the year
2010.
The company's financial structure has slowed down its financial
profitability .
Publications
Remarks Status: Active
Category: Very large company
Last year: 2011
Turnover last year: 76.640.335 EUR
Result last year: 7.362.429 EUR
TOTAL assets last year: 80.921.073 EUR
Number of employees: 1517
Number of shareholders: 1
Number of subsidiaries: 10
Number of branches: 5
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.54.78 |
|
UK Pound |
1 |
Rs.83.38 |
|
Euro |
1 |
Rs.70.72 |
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.