MIRA INFORM REPORT

 

 

Report Date :

21.05.2013

 

IDENTIFICATION DETAILS

 

Name :

VIBRACOUSTIC CZ, S.R.O.

 

 

Formerly Known as:

HEMIDRO, s.r.o. 

 

 

Registered Office :

Nad Jatkami 3562, 276 01 Mělník 

 

 

Country :

Czech Republic

 

 

Financials (as on) :

31.12.2011

 

 

Date of Incorporation :

23.01.2001

 

 

Com. Reg. No.:

C 81597

 

 

Legal Form :

Private Limited Company

 

 

Line of Business :

Manufacturer of deposition spaces of motors, gearboxes, sheaves and under chart parts for automotive industry

 

 

No. of Employees :

331 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 – March 31st 2013

 

Country Name

Previous Rating

(31.12.2012)

Current Rating

(31.03.2013)

Czech Republic

B1

B1

 

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 closely integrated with the EU, especially since the country's 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, slowly recovered with positive quarter-on-quarter growth starting in the second half of 2009 and continuing throughout 2011. In 2012, however, the economy fell into a recession due to a slump in external demand. 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 & address


Vibracoustic CZ, s.r.o.


Nad Jatkami 3562 
276 01 Mělník 

Telephone:        00420/ 315 630 411
Telefax:             00420/ 315 630 460
e-mail:              ladislav.pavlu@vibracoustic.com  

Web:                www.vibracoustic.com

 

 

COMPANY SUMMARY

 

 

Company development

Positive company development

 

 

Order situation

Good course of business

 

Terms of payment

mostly within agreed terms, but partly also delayed

 

 

Business connection

Business connections appear permissible

 

 

 

Legal form

Private limited company

 

 

Foundation

23/01/2001 - Private limited company

Comp. Register

23/01/2001, Městský soud v Praze, RegNr.: C 81597
Statistical number: 26429471
Tax number: CZ26429471

 

Share Capital

23/01/2001

CZK

100.000,-

 

 

03/01/2004

CZK

16.100.000,-

 

 

Shareholders

Vibracoustic Holding GmbH
Höhnerweg 2-4, 69469 Weinheim, Germany

CZK

16.100.000,-

 

Management

František Krupička (26.07.1975)
Kněžny Emmy 233/ 14, 276 01 Mělník 
confidential clerk

 

 

Ing. Daniel Stabenow (17.08.1974)
Na Truhlářce 2032/60, 180 00 Praha 8 
confidential clerk

 

Ing. Jiří Krčál (16.03.1977)
V Uličce 10, 533 52 Staré Hradiště u Pardubic, Srch 
confidential clerk

 

 

Ing. Petr Pavlů (12.11.1972)
V Rokli 62, 278 01 Kralupy nad Vltavou - Mikovice 
Executive Manager

General Data

Manufacture of deposition spaces of motors, gearboxes,
sheaves and under chart parts for automotive industry. 

Import: whole world
Export: whole Word

 

 

Main activity:
Manufacture of other parts and accessories for motor vehicles

 

 

Former name(s)
HEMIDRO, s.r.o. 
Beginning of validity: 23.01.2001
End of validity: 23.10.2002

 

 

Trade name(s)
Vibracoustic CZ, s.r.o. 
Beginning of validity: 23.10.2002

 

General contacts:
telephone:
00420/ 315 630 411
telefax:
00420/ 315 630 460
e-mail:
ladislav.pavlu@vibracoustic.com 
Web:
www.vibracoustic.com

 

 

Address:
- výroba
Nad Jatkami 3562, 276 01 Mělník 
Beginning of validity: 23.10.2002

 

Platnéřská 4, Praha 1 
Beginning of validity: 23.01.2001
End of validity: 23.10.2002

 

 

Branches of the business:
- výroba
Za Tratí 975, 503 46 Třebechovice pod Orebem 
telefax:
00420/ 495 009 983

Staff

2007

338 employees

 

 

2008

334 employees

 

2009

264 employees

 

 

2010

280 employees

 

2011

321 employees

 

 

2012

331 employees

Annual Sales

2004

actual sales

CZK

998.383.000,-

 

 

 

2005

actual sales

CZK

1.340.440.000,-

 

 

2006

actual sales

CZK

1.726.732.000,-

 

 

 

2007

actual sales

CZK

2.348.370.000,-

 

 

2008

actual sales

CZK

2.040.881.000,-

 

 

 

2009

actual sales

CZK

1.700.398.000,-

 

 

2010

actual sales

CZK

2.036.822.000,-

 

 

 

2011

actual sales

CZK

2.472.549.000,-

 

Property

none

 

Balance sheets

The enclosed balance of 2011 from business register, it is authenticated by the auditor. (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. (31.12.2008 - 1 CZK)

 

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

 

Remarks

The company does not provide its current economic data.


All the sources of negative data accessible to public (insolvency registers, databases of debtors of health insurance institutions, commercial bulletin, collection database and others) are currently monitored.

 

Business management:
Ing. Daniel Stabenow – financial director - phone: 00420/ 315 630 480

The company belongs to the group Vibracoustic, which is, furthermore, 
a member of the association called Freudenberg Group and is doing 
business in 14 countries of the world. 
The group Vibracoustic engages 3.300 employees and, in 2011,
its turnover has exceeded the value of EUR 695 mill. 

Contact:
Ing. František Krupička, chief accountant, 
phone: 00420/ 315 630 470, frantisek.krupicka@vibracoustic.com

 

Bankers

UniCredit Bank Czech Republic, a.s. 
Account number: 802625002/2700

 

Copyright:

s.r.o. Praha

This information is addressed exclusively to the addressee. Contractor obligates to provide updated information. Although it is always put maximum effort to collect actual and exact information, it is not confirmed as delinquency if there are particular inaccurateness contained within the information, which are not considered as essential in terms of the objective for which the information is provided to the addressee. Contractor and recipient conform to the rules of the Name and Description Security Act, Nub.101/2000. According to the Name and Description Security Act, recipient has the right to process or to use forwarding data only for the purpose for which information has been sent to the recipient. Usage for other purpose is acceptable only in case referring to valid regulations of the above mentioned act.

 

 

 

 

Financial data

 

 

Balance

31.12.2008 (CZK)

31.12.2009 (CZK)

31.12.2010 (CZK)

31.12.2011 (CZK)

r1

TOTAL ASSETS

644.912.000

546.730.000

747.834.000

981.704.000

r2

Receivables for subscriptions

0

0

0

0

r3

Fixed assets

353.542.000

286.086.000

248.643.000

232.142.000

r4

Intangible fixed assets

5.027.000

2.717.000

449.000

245.000

r5

Incorporation expenses

 

0

 

 

r6

Research and development

 

0

 

 

r7

Software

328.000

367.000

449.000

245.000

r8

Valuable rights

4.699.000

2.350.000

 

 

r9

Goodwill

 

0

 

 

r10

Other intangible fixed assets

 

0

 

 

r11

Intangible fixed assets under construction

 

0

 

 

r12

Advance payments for intangible fixed assets

 

0

 

 

r13

Tangible fixed assets

348.515.000

283.369.000

248.194.000

231.897.000

r14

Lands

0

0

0

0

r15

Constructions

46.493.000

40.710.000

34.598.000

29.483.000

r16

Equipment

276.044.000

237.894.000

206.894.000

192.376.000

r17

Perennial corps

 

0

 

 

r18

Breeding and draught animals

 

0

 

 

r19

Other tangible fixed assets

 

0

 

 

r20

Tangible fixed assets under construction

25.978.000

4.765.000

7.388.000

10.678.000

r21

Advance payments for tangible fixed assets

 

0

 

 

r22

Adjustment to acquired assets

 

0

-686.000

-640.000

r23

Long-term financial assets

0

0

0

0

r24

Shares in controlled and managed organizations

 

0

 

 

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

 

0

 

 

r28

Other financial investments

 

0

 

 

r29

Financial investments acquired

 

0

 

 

r30

Advance payments for long-term financial assets

 

0

 

 

r31

Current assets

254.109.000

255.553.000

491.484.000

732.985.000

r32

Inventory

88.674.000

57.214.000

57.188.000

68.558.000

r33

Materials

38.097.000

31.181.000

29.594.000

29.713.000

r34

Work in progress and semi-products

4.330.000

4.144.000

2.781.000

4.180.000

r35

Finished products

45.207.000

19.509.000

24.320.000

33.850.000

r36

Animals

 

0

 

 

r37

Merchandise

1.040.000

2.380.000

493.000

815.000

r38

Advance payments for inventory

 

0

 

 

r39

Long-term receivables

0

0

0

0

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

 

0

 

 

r45

Estimated receivable

 

0

 

 

r46

Other receivables

 

0

 

 

r47

Deferred tax receivable

 

0

 

 

r48

Short-term receivables

165.129.000

198.232.000

433.994.000

664.145.000

r49

Trade receivables

156.096.000

190.567.000

232.971.000

253.249.000

r50

Receivables from controlled and managed organizations

 

0

186.979.000

374.762.000

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

4.661.000

3.675.000

12.669.000

35.372.000

r55

Short-term deposits given

 

337.000

 

 

r56

Estimated receivable

 

1.526.000

 

 

r57

Other receivables

4.372.000

2.127.000

1.375.000

762.000

r58

Short-term financial assets

306.000

107.000

302.000

282.000

r59

Cash

263.000

100.000

281.000

267.000

r60

Bank accounts

43.000

7.000

21.000

15.000

r61

Short-term securities and ownership interests

 

0

 

 

r62

Short-term financial assets acquired

 

0

 

 

r63

Accruals

37.261.000

5.091.000

7.707.000

16.577.000

r64

Deferred expenses

6.062.000

2.838.000

490.000

371.000

r65

Complex deferred costs

 

0

 

 

r66

Deferred income

31.199.000

2.253.000

7.217.000

16.206.000

r67

TOTAL LIABILITIES

644.912.000

546.730.000

747.834.000

981.704.000

r68

Equity

232.283.000

309.269.000

426.435.000

610.040.000

r69

Registered capital

16.100.000

16.100.000

16.100.000

16.100.000

r70

Registered capital

16.100.000

16.100.000

16.100.000

16.100.000

r71

Company’s own shares and ownership interests (-)

 

0

 

 

r72

Changes of registered capital ( +/- )

 

0

 

 

r73

Capital funds

117.249.000

154.997.000

154.997.000

154.997.000

r74

Share premium

 

0

 

 

r75

Other capital funds

117.249.000

154.997.000

154.997.000

154.997.000

r76

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

 

0

 

 

r77

Differences from revaluation in transformation ( +/- )

 

0

 

 

r78

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

1.610.000

1.610.000

1.610.000

1.610.000

r79

Legal reserve fund / indivisible fund

1.610.000

1.610.000

1.610.000

1.610.000

r80

Statutory and other funds

 

0

 

 

r81

Profit / loss - previous years

65.290.000

97.324.000

136.562.000

253.728.000

r82

Retained earnings from previous years

65.290.000

97.324.000

136.562.000

253.728.000

r83

Accumulated losses from previous years

 

0

 

 

r84

Profit / loss - current year (+/-)

32.034.000

39.238.000

117.166.000

183.605.000

r85

Liabilities

412.629.000

226.756.000

308.092.000

371.664.000

r86

Reserves

5.481.000

11.308.000

30.687.000

51.680.000

r87

Reserves under special statutory regulations

 

0

 

 

r88

Reserves for pension and similar payables

 

0

 

 

r89

Income tax reserves

2.632.000

11.308.000

30.449.000

47.075.000

r90

Other reserves

2.849.000

0

238.000

4.605.000

r91

Long-term payables

27.447.000

28.046.000

25.453.000

21.704.000

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

27.447.000

28.046.000

25.453.000

21.704.000

r102

Short-term payables

379.701.000

187.402.000

251.952.000

298.280.000

r103

Trade payables

138.593.000

167.004.000

235.085.000

280.977.000

r104

Payables to controlled and managed organizations

221.797.000

5.673.000

 

 

r105

Payables to accounting units with substantial influence

 

0

 

 

r106

Payables from partners, cooperative members and association members

 

0

 

 

r107

Payroll

7.172.000

5.555.000

6.944.000

7.169.000

r108

Payables to social securities and health insurance

2.821.000

2.649.000

3.547.000

3.554.000

r109

Due from state - tax liabilities and subsidies

1.714.000

1.396.000

2.013.000

2.001.000

r110

Short-term deposits received

 

0

 

 

r111

Issues bonds

 

0

 

 

r112

Estimated payables

1.953.000

5.115.000

4.363.000

4.579.000

r113

Other payables

5.651.000

10.000

 

 

r114

Bank loans and financial accommodations

0

0

0

0

r115

Long-term bank loans

0

0

0

0

r116

Short-term bank loans

0

0

0

0

r117

Short-term accommodations

0

0

0

0

r118

Accruals

0

10.705.000

13.307.000

0

r119

Accrued expenses

 

10.705.000

13.307.000

 

r120

Deferred revenues

 

0

 

 

 

profit/loss account

31.12.2008 (CZK)

31.12.2009 (CZK)

31.12.2010 (CZK)

31.12.2011 (CZK)

a1

Turnover

2.040.881.000

1.700.398.000

2.036.822.000

2.472.549.000

a2

Revenues from sold goods

53.907.000

38.078.000

16.328.000

39.989.000

a3

Expenses on sold goods

35.704.000

29.847.000

14.028.000

32.692.000

a4

Sale margin

18.203.000

8.231.000

2.300.000

7.297.000

a5

Production

1.976.404.000

1.633.754.000

2.024.410.000

2.443.273.000

a6

Revenues from own products and services

1.986.974.000

1.662.320.000

2.020.494.000

2.432.560.000

a7

Change in inventory of own products

-10.570.000

-28.566.000

3.916.000

10.713.000

a8

Capitalization

 

0

 

 

a9

Production consumption

1.715.887.000

1.389.171.000

1.680.499.000

2.027.016.000

a10

Consumption of material and energy

1.445.840.000

1.089.468.000

1.355.870.000

1.655.456.000

a11

Services

270.047.000

299.703.000

324.629.000

371.560.000

a12

Added value

278.720.000

252.814.000

346.211.000

423.554.000

a13

Personnel expenses

156.726.000

132.343.000

144.588.000

163.624.000

a14

Wages and salaries

115.905.000

98.672.000

104.582.000

119.133.000

a15

Renumeration of board members

1.612.000

1.612.000

1.612.000

1.971.000

a16

Social security expenses and health insurance

33.643.000

29.483.000

34.424.000

39.551.000

a17

Other social expenses

5.566.000

2.576.000

3.970.000

2.969.000

a18

Taxes and fees

53.000

6.000

17.000

0

a19

Depreciations of intangible and tangible assets

56.489.000

75.553.000

56.023.000

47.899.000

a20

Revenues from disposals of fixed assets and materials

130.650.000

92.969.000

103.541.000

123.244.000

a21

Revenues from disposals of fixed assets

 

7.601.000

530.000

1.566.000

a22

Revenues from disposals of materials

130.650.000

85.368.000

103.011.000

121.678.000

a23

Net book value of disposed fixed assets and materials

133.530.000

85.653.000

90.770.000

110.988.000

a24

Net book value of sold fixed assets

 

7.807.000

529.000

1.348.000

a25

Net book value of sold material

133.530.000

77.846.000

90.241.000

109.640.000

a26

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

119.000

-7.868.000

1.254.000

4.634.000

a27

Other operating revenues

18.046.000

6.205.000

10.536.000

13.219.000

a28

Other operating expenses

9.250.000

11.979.000

10.939.000

15.162.000

a29

Transfer of operating revenues

 

0

 

 

a30

Transfer of operating expenses

 

0

 

 

a31

Operating profit / loss

71.249.000

54.322.000

156.697.000

217.710.000

a32

Revenues from sales of securities and ownership interests

 

0

 

 

a33

Sold securities and ownership interests

 

0

 

 

a34

Revenues from long-term financial assets

 

0

 

 

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

 

0

 

 

a38

Revenues from short-term financial assets

 

0

 

 

a39

Expenses associated with financial assets

 

0

 

 

a40

Revenues from revaluation of securities and derivatives

 

0

 

 

a41

Cost of revaluation of securities and derivatives

 

0

 

 

a42

Change in financial reserves and adjustments ( + / - )

 

0

 

 

a43

Interest revenues

3.652.000

358.000

271.000

1.109.000

a44

Interest expenses

19.989.000

11.379.000

5.369.000

65.000

a45

Other financial revenues

84.794.000

67.449.000

97.130.000

91.085.000

a46

Other financial expenses

100.084.000

60.064.000

103.327.000

81.521.000

a47

Transfer of financial revenues

 

0

 

 

a48

Transfer of financial expenses

 

0

 

 

a49

Profit / loss from financial operations ( transactions )

-31.627.000

-3.636.000

-11.295.000

10.608.000

a50

Income tax on ordinary income

7.588.000

11.448.000

28.236.000

44.713.000

a51

Due tax

2.632.000

10.849.000

30.828.000

48.462.000

a52

Tax deferred

4.956.000

599.000

-2.592.000

-3.749.000

a53

Operating profit / loss ordinary activity

32.034.000

39.238.000

117.166.000

183.605.000

a54

Extraordinary revenues

 

0

 

 

a55

Extraordinary expenses

 

0

 

 

a56

Income tax on extraordinary income

 

0

 

 

a57

Due tax

 

0

 

 

a58

Tax deferred

 

0

 

 

a59

Operating profit / loss extraordinary activity

0

0

0

0

a60

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

 

0

 

 

a61

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

32.034.000

39.238.000

117.166.000

183.605.000

a62

Profit / loss before tax (+/-)

39.622.000

50.686.000

145.402.000

228.318.000

 

Operating cash flow

180.167.000

186.122.000

211.155.000

217.991.000

 

Investment cash flow

-49.060.000

-7.945.000

-205.287.000

-218.011.000

 

Financial cash flow

-131.030.000

-178.376.000

-5.673.000

0

 

Receivables after due date total

 

1.264.000

2.808.000

7.131.000

 

Receivables more than 180 days after due date

225.000

 

 

 

 

Liabilities after due date total

 

60.605.000

68.205.000

113.435.000

 

Liabilities more than 90 days after due date

949.000

875.000

 

2.924.000

 

 

Balance indices

 

31.12.2008

31.12.2009

31.12.2010

31.12.2011

Return on total assets ROA (in %)

a62/r1 * 100

6,14

9,27

19,44

23,26

Return on equity ROE (in %)

a62/r68 * 100

17,06

16,39

34,10

37,43

Return on sales ROS (in %)

a62/a1 * 100

1,94

2,98

7,14

9,23

Turnover of receivables (in days)

r49/a1 * 365

27,92

40,91

41,75

37,38

Turnover of liabilities (in days)

r103/a1 * 365

24,79

35,85

42,13

41,48

Turnover of inventories (days)

r32/a1 * 365

15,86

12,28

10,25

10,12

Net working capital (in ths. CZK)

r31 - r102 - r116 - r117

-125.592,00

68.151,00

239.532,00

434.705,00

Ratio of accounts payable to accounts receivable (in %)

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

40,56

92,01

156,45

207,56

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

r3 / a1 * 100

17,32

16,82

12,21

9,39

Current ratio

r31 / (r102+r116+r117)

0,67

1,36

1,95

2,46

Quick ratio

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

0,44

1,06

1,72

2,23

Cash ratio

r58 / (r102+r116+r117)

0,00

0,00

0,00

0,00

Debt ratio I (in %)

(1-r68/r67) * 100

63,98

43,43

42,98

37,86

Debt ratio II (in %)

r85/r67 * 100

63,98

41,48

41,20

37,86


 

FOREIGN EXCHANGE RATES

 

Currency

Unit

Indian Rupees

US Dollar

1

Rs.55.04

UK Pound

1

Rs.83.61

Euro

1

Rs.70.68

 

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%)

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.