MIRA
INFORM REPORT
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Report Date : |
29.10.2013 |
IDENTIFICATION DETAILS
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Name : |
OUTOKUMPU STAINLESS OY |
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Registered Office : |
Terastie, |
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Country : |
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Financials (as on) : |
31.12.2011 |
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Year of Establishment: |
1990 |
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Com. Reg. No.: |
08233159 |
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Legal Form : |
Private Subsidiary |
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LINE OF BUSINESS : |
STAINLESS
STEEL PRODUCTION; FERROCHROME, ROLLED STAINLESS STEEL, STAINLESS STEEL TUBES |
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No. of Employees : |
27 |
RATING & COMMENTS
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MIRA’s Rating : |
B |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
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Status : |
Moderate |
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Payment Behaviour : |
No complaints |
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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
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Country Name |
Previous Rating (31.12.2012) |
Current Rating (31.03.2013) |
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A2 |
A2 |
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Risk Category |
ECGC
Classification |
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Insignificant |
A1 |
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Low |
A2 |
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Moderate |
B1 |
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High |
B2 |
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Very High |
C1 |
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Restricted |
C2 |
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Off-credit |
D |
Finland ECONOMIC OVERVIEW
Finland has a
highly industrialized, largely free-market economy with per capita output almost
as high as 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 2010-11. The recession affected
general government finances and the debt ratio, turning previously strong
budget surpluses into deficits, but Finland has taken action to ensure it will
meet EU deficit targets by 2013 and retains its triple-A credit rating.
Finland's main challenge in 2013 will be to stimulate growth in the face of
weak demand in EU export markets and government austerity measures meant to
reduce its budget deficit. Longer-term, Finland must address a rapidly aging
population and decreasing productivity that threaten competitiveness, fiscal
sustainability, and economic growth.
|
Source : CIA |
Company name & address
Outokumpu Stainless Oy
Terastie
Tornio, 95400
Finland
Tel: 358-0164521
Fax: 358 (16) 45 26 20
Web: www.outokumpu.com
synthesis
Employees: 27
Company Type: Private Subsidiary
Corporate Family: 130
Companies
Ultimate Parent: Outokumpu
Oyj
Incorporation Date: 1990
Financials in: USD
(Millions)
Fiscal Year End: 01-Dec-2011
Reporting Currency: Euro
Annual Sales: 3,441.5
Net Income: 27.2
Total Assets: 2,242.7
Business Description
Stainless Steel Production; Ferrochrome, Rolled Stainless Steel,
Stainless Steel Tubes
Industry
Industry Metal Products Manufacturing
ANZSIC 2006: 2110 - Iron
Smelting and Steel Manufacturing
ISIC Rev 4: 2410 -
Manufacture of basic iron and steel
NACE Rev 2: 2410 - Manufacture
of basic iron and steel and of ferro-alloys
NAICS 2012: 331110 - Iron and
Steel Mills and Ferroalloy Manufacturing
UK SIC 2007: 2410 - Manufacture
of basic iron and steel and of ferro-alloys
US SIC 1987: 3312 - Steel Works,
Blast Furnaces (Including Coke Ovens), and Rolling Mills
Key Executives
|
1 - Profit & Loss Item Exchange Rate: USD 1 = EUR 0.7189224
2 - Balance Sheet Item Exchange Rate: USD 1 = EUR 0.7423905
Corporate Overview
Location
TerAstie
Tornio, 95400
Finland
Tel: 358-0164521
Fax: 358 (16) 45 26 20
Web: www.outokumpu.com
Sales EUR(mil): 2,474.2
Assets EUR(mil): 1,665.0
Employees: 27
Fiscal Year End: 01-Dec-2011
Industry: Iron
and Steel
Incorporation Date: 1990
Company Type: Private
Subsidiary
Quoted Status: Not
Quoted
Registered No.(FIN): 08233159
Chairman: Mika
Ilkka Seitovirta
Industry Codes
ANZSIC 2006 Codes:
2110 - Iron Smelting and Steel Manufacturing
ISIC Rev 4 Codes:
2410 - Manufacture of basic iron and steel
NACE Rev 2 Codes:
2410 - Manufacture of basic iron and steel and of ferro-alloys
NAICS 2012 Codes:
331110 - Iron and Steel Mills and Ferroalloy Manufacturing
US SIC 1987:
3312 - Steel Works, Blast Furnaces (Including Coke Ovens), and
Rolling Mills
UK SIC 2007:
2410 - Manufacture of basic iron and steel and of ferro-alloys
Business
Description
Production of steel
More Business
Descriptions
Stainless Steel Production; Ferrochrome, Rolled Stainless Steel,
Stainless Steel Tubes
Forging and Stamping
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Corporate Family |
Corporate
Structure News: |
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Outokumpu
Oyj |
|
Outokumpu Stainless Oy |
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Company Name |
Company
Type |
Location |
Country |
Industry |
Sales |
Employees |
|
|
Parent |
Espoo |
Finland |
Metal Products Manufacturing |
5,831.1 |
15,540 |
|
|
|
Subsidiary |
Dubai |
United Arab Emirates |
Metals and Minerals Wholesale |
|
8,000 |
|
|
|
Subsidiary |
Stockholm |
Sweden |
Metal Products Manufacturing |
2,287.8 |
2,270 |
|
|
|
Subsidiary |
Avesta |
Sweden |
Petroleum Product Manufacturing |
2,287.8 |
1,000 |
|
|
|
Subsidiary |
Genova |
Italy |
Metals and Minerals Wholesale |
353.5 |
259 |
|
|
|
Subsidiary |
Paris |
France |
Metals and Minerals Wholesale |
144.8 |
70 |
|
|
|
Subsidiary |
Espoo |
Finland |
Petroleum Product Manufacturing |
68.9 |
48 |
|
|
|
Subsidiary |
Krefeld, Nordrhein-Westfalen |
Germany |
Investment Services |
|
1 |
|
|
|
Subsidiary |
Krefeld, Nordrhein-Westfalen |
Germany |
Metal Products Manufacturing |
3,883.5 |
4,260 |
|
|
|
Facility |
Dillenburg |
Germany |
Metal Products Manufacturing |
|
700 |
|
|
|
Subsidiary |
Krefeld, Nordrhein-Westfalen |
Germany |
Metals and Minerals Wholesale |
1,291.0 |
430 |
|
|
|
Subsidiary |
Guangzhou |
China |
Metals and Minerals Wholesale |
|
150 |
|
|
|
Subsidiary |
Buenos Aires |
Argentina |
Metal Products Manufacturing |
35.1 |
100 |
|
|
|
Subsidiary |
Gebze, Kocaeli |
Turkey |
Metals and Minerals Wholesale |
|
83 |
|
|
|
Subsidiary |
Rotterdam |
Netherlands |
Metals and Minerals Wholesale |
92.5 |
4 |
|
|
|
Subsidiary |
Dabrowa Gornicza |
Poland |
Metals and Minerals Wholesale |
|
|
|
|
|
Subsidiary |
Guangzhou |
China |
Metals and Minerals Wholesale |
|
|
|
|
|
Facility |
Schalksmuhle |
Germany |
Metal Products Manufacturing |
94.2 |
250 |
|
|
|
Subsidiary |
SchalksmĂ¼hle, Nordrhein-Westfalen |
Germany |
Metal Products Manufacturing |
|
220 |
|
|
|
Facility |
Krefeld |
Germany |
Metal Products Manufacturing |
|
100 |
|
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|
Subsidiary |
Helmond, Noord-Brabant |
Netherlands |
Metal Products Manufacturing |
|
|
|
|
|
Subsidiary |
Sheffield |
United Kingdom |
Metal Products Manufacturing |
1,263.3 |
654 |
|
|
|
Subsidiary |
Birmingham |
United Kingdom |
|
|
|
|
|
|
Subsidiary |
Degerfors |
Sweden |
Metal Products Manufacturing |
|
560 |
|
|
|
Subsidiary |
Sheffield |
United Kingdom |
Petroleum Product Manufacturing |
|
400 |
|
|
|
Subsidiary |
Torshalla |
Sweden |
Petroleum Product Manufacturing |
|
300 |
|
|
|
Joint Venture |
Fagersta |
Sweden |
Metal Products Manufacturing |
128.8 |
277 |
|
|
|
Subsidiary |
Langshyttan |
Sweden |
Petroleum Product Manufacturing |
|
200 |
|
|
|
Subsidiary |
Sheffield |
United Kingdom |
Petroleum Product Manufacturing |
|
200 |
|
|
|
Subsidiary |
Ornskoldsvik |
Sweden |
Machinery Wholesale |
|
186 |
|
|
|
Subsidiary |
Willich, Nordrhein-Westfalen |
Germany |
Metal Products Manufacturing |
338.5 |
160 |
|
|
|
Affiliates |
Storfors |
Sweden |
Petroleum Product Manufacturing |
|
160 |
|
|
|
Affiliates |
Torshalla |
Sweden |
Petroleum Product Manufacturing |
|
150 |
|
|
|
Subsidiary |
New Castle, IN |
United States |
Miscellaneous Manufacturing |
|
120 |
|
|
|
Subsidiary |
Richburg, SC |
United States |
Petroleum Product Manufacturing |
|
100 |
|
|
|
Subsidiary |
Sheffield |
United Kingdom |
Petroleum Product Manufacturing |
|
100 |
|
|
|
Affiliates |
Fagersta |
Sweden |
Petroleum Product Manufacturing |
|
94 |
|
|
|
Subsidiary |
Tallinn |
Estonia |
Petroleum Product Manufacturing |
|
50 |
|
|
|
Subsidiary |
Aalten |
Netherlands |
Metal Products Manufacturing |
43.9 |
40 |
|
|
|
Subsidiary |
Avesta |
Sweden |
Metal Products Manufacturing |
13.7 |
40 |
|
|
|
Subsidiary |
Gingen An Der Fils, Baden-WĂ¼rttemberg |
Germany |
Petroleum Product Manufacturing |
41.0 |
35 |
|
|
|
Subsidiary |
Avesta |
Sweden |
Metal Products Manufacturing |
18.6 |
30 |
|
|
|
Subsidiary |
Helmond |
Netherlands |
Metals and Minerals Wholesale |
14.7 |
30 |
|
|
|
Subsidiary |
Brockville, ON |
Canada |
Metal Products Manufacturing |
9.8 |
30 |
|
|
|
Subsidiary |
Solbiate Olona |
Italy |
Petroleum Product Manufacturing |
|
28 |
|
|
|
Subsidiary |
North Laverton, VIC |
Australia |
Machinery Wholesale |
31.1 |
25 |
|
|
|
Subsidiary |
Vasteras |
Sweden |
Petroleum Product Manufacturing |
|
25 |
|
|
|
Subsidiary |
Kolding |
Denmark |
Metal Products Manufacturing |
0.0 |
24 |
|
|
|
Subsidiary |
Brunn am Gebirge |
Austria |
Metals and Minerals Wholesale |
68.6 |
17 |
|
|
|
Subsidiary |
Santurce, Vizcaya |
Spain |
Petroleum Product Manufacturing |
|
16 |
|
|
|
Subsidiary |
Villeurbanne |
France |
Petroleum Product Manufacturing |
13.8 |
14 |
|
|
|
Subsidiary |
Saint Petersburg |
Russian Federation |
Metal Products Manufacturing |
|
10 |
|
|
|
Subsidiary |
Schaumburg, IL |
United States |
Metals and Minerals Wholesale |
|
9 |
|
|
|
Subsidiary |
Wildwood, FL |
United States |
Metal Products Manufacturing |
|
10 |
|
|
|
Subsidiary |
Dublin |
Ireland |
Petroleum Product Manufacturing |
7.9 |
8 |
|
|
|
Subsidiary |
Kaunas |
Lithuania |
Petroleum Product Manufacturing |
|
5 |
|
|
|
Subsidiary |
Porto |
Portugal |
Petroleum Product Manufacturing |
|
4 |
|
|
|
Subsidiary |
Cape Town |
South Africa |
Petroleum Product Manufacturing |
|
4 |
|
|
|
Subsidiary |
Riga |
Latvia |
Petroleum Product Manufacturing |
|
3 |
|
|
|
Subsidiary |
Chynov |
Czech Republic |
Petroleum Product Manufacturing |
|
|
|
|
|
Affiliates |
Muggensturm |
Germany |
Petroleum Product Manufacturing |
|
|
|
|
|
Subsidiary |
Pyhasalmi |
Finland |
Metals Mining |
|
1,000 |
|
|
|
Subsidiary |
Mions |
France |
Motor Vehicle Parts Manufacturing |
194.3 |
626 |
|
|
|
Subsidiary |
Stockholm |
Sweden |
Metal Products Manufacturing |
171.9 |
510 |
|
|
|
Subsidiary |
Pietarsaari |
Finland |
Metal Products Manufacturing |
123.3 |
200 |
|
|
|
Subsidiary |
Örnsköldsvik, VAsternorrland |
Sweden |
Machinery and Equipment Manufacturing |
15.4 |
66 |
|
|
|
Subsidiary |
Wildwood, FL |
United States |
Metal Products Manufacturing |
|
200 |
|
|
|
Subsidiary |
New Castle, IN |
United States |
Metal Products Manufacturing |
|
200 |
|
|
|
Subsidiary |
Outokumpu |
Finland |
Metal Products Manufacturing |
|
200 |
|
|
|
Subsidiary |
Drunen |
Netherlands |
Metal Products Manufacturing |
90.3 |
180 |
|
|
|
Subsidiary |
Pori |
Finland |
Petroleum Product Manufacturing |
|
167 |
|
|
|
Subsidiary |
Ainastalo |
Finland |
Petroleum Product Manufacturing |
21.8 |
100 |
|
|
|
Subsidiary |
Oslo, Etterstad |
Norway |
Specialty Construction Trade Contractors |
|
30 |
|
|
|
Subsidiary |
Tornio |
Finland |
Metal Products Manufacturing |
3,441.5 |
27 |
|
|
|
Subsidiary |
Tornio |
Finland |
Metal Products Manufacturing |
317.0 |
354 |
|
|
|
Subsidiary |
Sas-van-Gent |
Netherlands |
Petroleum Product Manufacturing |
36.7 |
165 |
|
|
|
Subsidiary |
Eskilstuna |
Sweden |
Metal Products Manufacturing |
151.4 |
70 |
|
|
|
Subsidiary |
Ornskoldsvik |
Sweden |
Petroleum Product Manufacturing |
13.5 |
70 |
|
|
|
Subsidiary |
Tornio |
Finland |
Commercial and Industrial Rental |
12.0 |
50 |
|
|
|
Subsidiary |
Molkom |
Sweden |
Metal Products Manufacturing |
7.1 |
50 |
|
|
|
Subsidiary |
Jonkoping |
Sweden |
Petroleum Product Manufacturing |
2.2 |
7 |
|
|
|
Subsidiary |
Avesta |
Sweden |
Metal Products Manufacturing |
21.0 |
26 |
|
|
|
Subsidiary |
Brunn am Gebirge |
Austria |
Metal Products Manufacturing |
68.6 |
18 |
|
|
|
Subsidiary |
Getxo, Vizcaya |
Spain |
Metal Products Manufacturing |
35.9 |
18 |
|
|
|
Subsidiary |
Milan |
Italy |
Petroleum Product Manufacturing |
|
15 |
|
|
|
Subsidiary |
Oslo |
Norway |
Metals and Minerals Wholesale |
8.7 |
13 |
|
|
|
Subsidiary |
Budapest |
Hungary |
Petroleum Product Manufacturing |
0.0 |
12 |
|
|
|
Subsidiary |
Itasca, IL |
United States |
Semiconductor and Other Electronic Component Manufacturing |
|
12 |
|
|
|
Subsidiary |
Singapore |
Singapore |
Metal Products Manufacturing |
|
10 |
|
|
|
Subsidiary |
Sao Paulo |
Brazil |
Metal Products Manufacturing |
|
8 |
|
|
|
Subsidiary |
Tokyo |
Japan |
Machinery Wholesale |
|
6 |
|
|
|
Subsidiary |
Espoo |
Finland |
Petroleum Product Manufacturing |
147.2 |
5 |
|
|
|
Subsidiary |
Cape Town |
South Africa |
Machinery Wholesale |
|
4 |
|
|
|
Subsidiary |
Warsaw |
Poland |
Petroleum Product Manufacturing |
|
3 |
|
|
|
Subsidiary |
Istanbul |
Turkey |
Petroleum Product Manufacturing |
|
2 |
|
|
|
Subsidiary |
Espoo |
Finland |
Consulting Services |
0.7 |
|
|
|
|
Subsidiary |
Sheffield |
United Kingdom |
Miscellaneous Professional Services |
|
|
|
|
|
Subsidiary |
Sheffield |
United Kingdom |
|
|
|
|
|
|
Subsidiary |
Sheffield |
United Kingdom |
|
|
|
|
|
|
Subsidiary |
Coatbridge |
United Kingdom |
|
|
|
|
|
|
Subsidiary |
Sheffield |
United Kingdom |
Nonclassifiable Establishments |
|
|
|
|
|
Subsidiary |
Sheffield |
United Kingdom |
|
|
|
|
|
|
Subsidiary |
Sheffield |
United Kingdom |
Holding Companies |
|
|
|
|
|
Subsidiary |
Walsall |
United Kingdom |
|
|
|
|
|
|
Subsidiary |
Veghel |
Netherlands |
Investment Services |
|
|
|
|
|
Subsidiary |
Alfortville |
France |
Metals and Minerals Wholesale |
105.0 |
74 |
|
|
|
Subsidiary |
Roermond |
Netherlands |
Architecture and Engineering |
|
|
|
|
|
Facility |
Sheffield |
United Kingdom |
Metal Products Manufacturing |
|
|
|
|
|
Subsidiary |
Cluj-Napoca |
Romania |
Metal Products Manufacturing |
|
|
|
|
|
Subsidiary |
Sheffield |
United Kingdom |
Petroleum Wholesale |
|
|
|
|
|
Subsidiary |
New Delhi |
India |
Metal Products Manufacturing |
|
|
|
|
|
Subsidiary |
Madrid, Algete |
Spain |
Petroleum Product Manufacturing |
|
|
|
|
|
Subsidiary |
Moscow |
Russian Federation |
Metals and Minerals Wholesale |
|
|
|
|
|
Subsidiary |
Bangkok |
Thailand |
Metal Products Manufacturing |
|
|
|
|
|
Subsidiary |
Espoo |
Finland |
Metal Products Manufacturing |
|
|
|
|
|
Subsidiary |
Duisburg |
Germany |
Metal Products Manufacturing |
|
|
|
|
|
Subsidiary |
Beijing |
China |
Metals and Minerals Wholesale |
|
|
|
|
|
Subsidiary |
Tornio |
Finland |
Paper Product Manufacturing |
|
|
|
|
|
Subsidiary |
Kunshan, Jiangsu |
China |
Metal Products Manufacturing |
|
|
|
|
|
Subsidiary |
Nordanstig |
Sweden |
Metal Products Manufacturing |
|
|
|
|
|
Subsidiary |
Largo, FL |
United States |
Machinery and Equipment Manufacturing |
|
|
|
|
|
Subsidiary |
Vasteras |
Sweden |
Real Estate Agents and Brokers |
|
|
|
|
|
Subsidiary |
Melbourne, VIC |
Australia |
Metals Mining |
|
|
|
|
|
Subsidiary |
Westdorpe |
Netherlands |
Metals Mining |
|
|
|
|
|
Subsidiary |
Avesta |
Sweden |
Insurance Agents |
|
|
|
|
|
Subsidiary |
Tallaght |
Ireland |
Metals and Minerals Wholesale |
|
|
|
Executive Report
|
Board of
Directors |
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|
Chairman |
Chairman |
|
|||
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Board member |
Director/Board Member |
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Board member |
Director/Board Member |
|
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Board member |
Director/Board Member |
|
|||
|
Board member |
Director/Board Member |
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|||
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Board member |
Director/Board Member |
|
Executives |
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General Manager |
Division Head Executive |
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Managing Director |
Managing Director |
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Managing director |
Managing Director |
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Finance Manager |
Finance Executive |
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Manager-Purchasing |
Purchasing Executive |
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Annual Profit & Loss
|
|
01-Dec-2011 |
01-Dec-2010 |
|
Period Length |
12 Months |
12 Months |
|
Filed Currency |
EUR |
EUR |
|
Exchange Rate
(Period Average) |
0.718922 |
0.749339 |
|
Consolidated |
No |
No |
|
|
|
|
|
Total income |
3,441.5 |
2,963.2 |
|
Cost of goods sold |
3,226.4 |
2,738.4 |
|
Other operating costs |
0.6 |
24.5 |
|
Total operating
costs |
3,398.6 |
2,924.6 |
|
Interest received from loans |
0.6 |
-0.3 |
|
Profit before tax |
-78.5 |
-51.0 |
|
Income before depreciation |
42.9 |
38.6 |
|
Depreciation |
137.3 |
133.6 |
|
Profit before financial items |
-94.4 |
95.0 |
|
Other financial expenses |
56.2 |
43.9 |
|
Income/profit after financial items |
-150.0 |
-139.3 |
|
Extraordinary items |
71.6 |
88.3 |
|
Income before allocations |
132.8 |
3.4 |
|
Net income |
27.2 |
-23.8 |
Annual Balance
Sheet
Financials in: USD (mil)
|
|
01-Dec-2011 |
01-Dec-2010 |
|
Filed Currency |
EUR |
EUR |
|
Exchange Rate |
0.74239 |
0.765521 |
|
Consolidated |
No |
No |
|
|
|
|
|
Issued capital |
105.2 |
102.0 |
|
Untaxed/reserves allocations |
484.6 |
569.2 |
|
Non restricted equity |
-237.7 |
-256.1 |
|
Total
stockholders equity |
103.1 |
74.4 |
|
Total long-term
liabilities |
875.6 |
- |
|
Trade creditors |
405.8 |
285.1 |
|
Other current liabilities |
372.4 |
1,617.3 |
|
Total current
liabilities |
1,655.1 |
1,905.8 |
|
Land and buildings |
436.1 |
442.9 |
|
Machinery and tools |
554.3 |
682.2 |
|
Depreciable assets |
1,088.9 |
1,216.3 |
|
Total
non-current assets |
1,228.1 |
1,397.3 |
|
Stocks |
562.5 |
691.4 |
|
Trade debtors |
419.9 |
437.8 |
|
Cash and liquid assets |
32.3 |
22.8 |
|
Short-term investments |
14.4 |
13.9 |
|
Shares in associated companies |
13.8 |
13.4 |
|
Total current
assets |
1,014.7 |
1,152.1 |
|
Total assets |
2,242.7 |
2,549.4 |
Annual Ratios
Financials in: USD (mil)
|
|
01-Dec-2011 |
01-Dec-2010 |
|
Period Length |
12 Months |
12 Months |
|
Filed Currency |
EUR |
EUR |
|
Exchange Rate |
0.74239 |
0.765521 |
|
Consolidated |
No |
No |
|
|
|
|
|
Current ratio |
1.50 |
0.70 |
|
Quick ratio |
0.70 |
0.30 |
|
Asset turnover |
0.01% |
0.01% |
|
Profit margin |
-0.04% |
-0.05% |
|
Equity ratio |
0.20% |
0.19% |
|
Interest on liabilities |
0.05% |
- |
|
Risk margin |
4,362.68% |
4,926.80% |
|
Net worth |
103.1 |
74.4 |
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.61.50 |
|
UK Pound |
1 |
Rs.99.49 |
|
Euro |
1 |
Rs.84.88 |
INFORMATION DETAILS
|
Report Prepared
by : |
NIS |
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.