MIRA INFORM REPORT

 

 

Report Date :

16.04.2014

 

 

 

Tel. No.:

0240 782000

 

IDENTIFICATION DETAILS

 

Name :

ABB AB

 

 

Registered Office :

72183 Västerås

 

 

Country :

Sweden

 

 

Financials (as on) :

2012

 

 

Date of Incorporation :

23.01.1931

 

 

Legal Form :

Limited liability company

 

 

Line of Business :

Manufacture of electricity distribution and control apparatus

 

 

No. of Employees

Not Available

 

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 31, 2014

 

Country Name

Previous Rating

(31.12.2013)

Current Rating

(31.03.2014)

Sweden

A1

A1

 

Risk Category

ECGC Classification

Insignificant

 

A1

Low Risk

 

A2

Moderate Low Risk

 

B1

Moderate Risk

 

B2

Moderate High Risk

 

C1

High Risk

 

C2

Very High Risk

 

D

 

 

SWEDEN ECONOMIC OVERVIEW

 

Aided by peace and neutrality for the whole of the 20th century, Sweden has achieved an enviable standard of living under a mixed system of high-tech capitalism and extensive welfare benefits. It has a modern distribution system, excellent internal and external communications, and a highly skilled labor force. In September 2003, Swedish voters turned down entry into the euro system concerned about the impact on the economy and sovereignty. Timber, hydropower, and iron ore constitute the resource base of an economy heavily oriented toward foreign trade. Privately owned firms account for vast majority of industrial output, of which the engineering sector accounts for about 50% of output and exports. Agriculture accounts for little more than 1% of GDP and of employment. Until 2008, Sweden was in the midst of a sustained economic upswing, boosted by increased domestic demand and strong exports. This, and robust finances, offered the center-right government considerable scope to implement its reform program aimed at increasing employment, reducing welfare dependence, and streamlining the state's role in the economy. Despite strong finances and underlying fundamentals, the Swedish economy slid into recession in the third quarter of 2008 and the contraction continued in 2009 as deteriorating global conditions reduced export demand and consumption. Strong exports of commodities and a return to profitability by Sweden's banking sector drove a rebound in 2010, but growth slipped in 2013, as a result of continued economic weakness in the EU - Sweden’s main export market

 

Source : CIA

 

 

 

Company name and address

 

Company Summary

Business Name

ABB AB

Country

SWEDEN

Company Registration Number

5560297029

Main Activity

Manufacture of electricity distribution and control apparatus

Activity Code

27120

Company Status

Active

Latest Turnover Figure

33.855.000.000

Latest Shareholder Equity Figure

7.746.000.000

Common Credit Rating

A

Company Information

 

 

Basic Information

Business Name

ABB AB

Registered Company Name

ABB AB

Company Registration Number

5560297029

Country

SWEDEN

VAT Registration Number

SE556029702901

Date of Company Registration

23/01/1931

Legal Form

Limited liability company

Company Status

Active

Currency of this Report

SEK

Principal Activity Description

The object of their business - for themselves or for others develop, design, manufacture, market, sell, commission and maintain

Contact Address

, 72183 VÄSTERÅS

Contact Telephone Number

021-325000

 

 

Activities

Activity Code

Activity Description

27120

Manufacture of electricity distribution and control apparatus

27110

Manufacture of electric motors, generators and transformers

27320

Manufacture of other electronic and electric wires and cables

33200

Installation of industrial machinery and equipment

27900

Manufacture of other electrical equipment

Financial Information

 

 

 

Profit and Loss

Financial Year

2012

2011

2010

Number of Weeks

52

52

52

Currency

SEK

SEK

SEK

Consolidated Accounts

N

N

N

Revenue

33.933.000.000

31.505.000.000

27.187.000.000

Operating Costs

31.490.000.000

27.233.000.000

25.487.000.000

Operating Profit

2.443.000.000

4.272.000.000

1.700.000.000

Wages & Salaries

-

-

-

Depreciation

-

-

-

Financial Income

64.000.000

115.000.000

34.000.000

Financial Expenses

-57.000.000

-51.000.000

-7.000.000

Extraordinary Income

-

-

-

Extraordinary Costs

-57.000.000

-51.000.000

-7.000.000

Profit before Tax

2.501.000.000

4.336.000.000

1.751.000.000

Tax

-559.000.000

-1.149.000.000

-441.000.000

Profit after Tax

1.942.000.000

3.187.000.000

1.310.000.000

Minority Interests

-

-

-

Other Appropriations

-500.000.000

-114.000.000

-66.000.000

Retained Profit

1.442.000.000

3.073.000.000

1.244.000.000

 

 

 

Balance Sheet

Financial Year

2012

2011

2010

Number of Weeks

52

52

52

Currency

SEK

SEK

SEK

Consolidated Accounts

N

N

N

Land & Buildings

2.190.000.000

28.000.000

30.000.000

Plant & Machinery

1.362.000.000

1.262.000.000

985.000.000

Other Tangible Assets

1.409.000.000

779.000.000

912.000.000

Total Tangible Assets

4.961.000.000

2.069.000.000

1.927.000.000

Goodwill

424.000.000

75.000.000

95.000.000

Other Intangible Assets

160.000.000

129.000.000

199.000.000

Total Intangible Assets

584.000.000

204.000.000

294.000.000

Loans To Group

0

0

0

Other Loans

0

0

0

Miscellaneous Fixed Assets

272.000.000

2.151.000.000

1.099.000.000

Total Other Fixed Assets

272.000.000

2.151.000.000

1.099.000.000

TOTAL FIXED ASSETS

5.817.000.000

4.424.000.000

3.320.000.000

Work In Progress

3.189.000.000

3.732.000.000

1.737.000.000

Other Inventories

4.211.000.000

3.884.000.000

4.048.000.000

Total Inventories

7.400.000.000

7.616.000.000

5.785.000.000

Trade Receivables

5.375.000.000

6.310.000.000

5.592.000.000

Group Receivables

0

0

0

Miscellaneous Receivables

2.465.000.000

1.444.000.000

3.397.000.000

Total Receivables

7.840.000.000

7.754.000.000

8.989.000.000

Cash

2.796.000.000

5.381.000.000

6.033.000.000

Other Current Assets

0

0

0

TOTAL CURRENT ASSETS

18.036.000.000

20.751.000.000

20.807.000.000

TOTAL ASSETS

23.853.000.000

25.175.000.000

24.127.000.000

Trade Payables

4.281.000.000

3.947.000.000

3.767.000.000

Bank Liabilities

0

0

0

Group Payables

0

0

0

Miscellaneous Liabilities

8.021.000.000

8.923.000.000

8.756.000.000

TOTAL CURRENT LIABILITIES

12.302.000.000

12.870.000.000

12.523.000.000

Bank Liabilities Due After 1 Year

0

0

0

Other Loans Or Finance Due After 1 Year

0

0

0

Group Payables After 1 Year

0

0

0

Miscellaneous Liabilities Due After 1 Year

2.605.000.000

3.133.000.000

3.213.000.000

TOTAL LONG TERM LIABILITIES

3.805.000.000

3.133.000.000

3.213.000.000

TOTAL LIABILITIES

16.107.000.000

16.003.000.000

15.736.000.000

Called Up Share Capital

400.000.000

400.000.000

400.000.000

Share Premium

0

0

0

Revenue Reserves

7.639.000.000

9.184.000.000

7.794.000.000

Other Reserves

-293.000.000

-412.000.000

197.000.000

TOTAL SHAREHOLDERS EQUITY

7.746.000.000

9.172.000.000

8.391.000.000

 

Other Financials

Contingent Liabilities

90.000.000

88.000.000

80.000.000

Working Capital

5.734.000.000

7.881.000.000

8.284.000.000

Net Worth

7.162.000.000

8.968.000.000

8.097.000.000

 

 

 

Ratios

Pre-Tax Profit Margin

7.37 %

13.76 %

6.44 %

Return On Capital Employed

6.92 %

11.40 %

4.78 %

Return On Total Assets Employed

10.49 %

17.22 %

7.26 %

Return On Net Assets Employed

32.29 %

47.27 %

20.87 %

Sales/Net Working Capital

5.92

4.00

3.28

Stock Turnover Ratio

21.81 %

24.17 %

21.28 %

Debtor Days

57.82

73.10

75.08

Creditor Days

46.05

45.73

50.57

Current Ratio

1.47

1.61

1.66

Liquidity Ratio/Acid Test

0.86

1.02

1.20

Current Debt Ratio

1.59

1.40

1.49

Gearing

15.61 %

13.18 %

14.54 %

Equity In Percentage

33.68 %

40.19 %

36.91 %

Total Debt Ratio

2.08

1.74

1.88

Credit Score

 

 

 

Contact Information

Main Address

Address

Country

Telephone

, 72183 VÄSTERÅS

SWEDEN

021-325000

 

Other Address

Address

Country

Varlabergsvägen 11, 43439

SWEDEN

Boplatsgatan 3, 21376

SWEDEN

Sävelundsgatan 2, 44138

SWEDEN

Fältmätargatan 16, 72135

SWEDEN

Mekanikervägen 6, 56435

SWEDEN

Kanalvägen 17, 18338

SWEDEN

Valhallavägen 2, 77131

SWEDEN

Stationsgatan 55, 30250

SWEDEN

Norra Malmvägen 143, 19162

SWEDEN

Boplatsgatan 8, 21376

SWEDEN

Universitetsallén 32, 85234

SWEDEN

Pendelgatan 2, 90422

SWEDEN

Linnégatan 28, 60223

SWEDEN

Banvägen 11, 97346

SWEDEN

Lunnagårdsgatan 4, 43190

SWEDEN

Grännavägen 24, 56134

SWEDEN

Ventilgatan 5, 65345

SWEDEN

Forskargränd 8, 72226

SWEDEN

Stureholmsvägen 1A, 45155

SWEDEN

Arnöleden 2, 61131

SWEDEN

Fabriksvägen 25, 57275

SWEDEN

Lugna Gatan, 72136

SWEDEN

Verkö, 37165

SWEDEN

Axeltoftavägen 170, 26135

SWEDEN

Metallverksgatan 21, 72130

SWEDEN

Viderögatan 2, 16440

SWEDEN

Skylvägen 1, 94333

SWEDEN

Östra Ringvägen 147, 29340

SWEDEN

Södra Kungsvägen 315, 18163

SWEDEN

Norra Oskarsgatan 12, 58273

SWEDEN

Hammarbyvägen 4, 81230

SWEDEN

Nyby Bruk, 64431

SWEDEN

Vuoskojärvivägen 13, 98238

SWEDEN

Verkstadsvägen 1, 93161

SWEDEN

Hannugatan 1 A, 98133

SWEDEN

Hovgatan 6, 85462

SWEDEN

Höglandsvägen 5, 89150

SWEDEN

Västerselsvägen 12, 89540

SWEDEN

Exportgatan 20B, 42246

SWEDEN

Örjansgränd 10, 72132

SWEDEN

 

Email Addresses

No information for this company.

 

Web Pages

No information for this company.

Share Capital Structure

Issued Share Capital

400.000.000

Directors/Managers

 

 

Current Directors

Name

Appointment Date

Position

Steel, Gary Glachan

17/05/2004

Chairman of Board

Frank Johan Söderström

04/04/2011

Managing Director

Trevor, John Gregory

03/05/2011

Actual Member of Board

Carl-Johan Mikael Linér

17/10/2012

Actual Member of Board

Inga Eva-Lena Pettersson

06/03/2012

Actual Member of Board

Lena Maria Andersson

01/09/2010

Actual Member of Board

Sven Peter Freyhult

28/03/2007

Actual Member of Board

Ulf Stefan Viking

29/05/2009

Actual Member of Board

Daniel Erik Ingemar Eriksson

06/03/2012

Substitute

Dennis André Bäckman

23/05/2007

Substitute

Lars Fredrik Holmgren

29/05/2009

Substitute

Per Erik Stefan Bäckström

23/09/2013

Substitute

Åsa Cecilia Jackson

06/03/2012

Substitute

 

Previous Directors

Name

Appointment Date

Position

Resignation Date

Bo Gunnar Björkenor

23/05/2007

Substitute

Helge Pontus Valdemar Petersson

28/03/2007

Actual Member of Board

Lena Kristina Eliasson

14/02/2006

Substitute

Inga Eva-Lena Pettersson

23/12/2003

Substitute

Sten Erik Jakobsson

16/08/2001

Actual Member of Board

Andersson, Lena Maria

01/06/2010

Actual Member of Board

Per Haugland

22/09/2007

Executive Vice President

Ulf Magnus Örnberg

14/02/2006

Actual Member of Board

Leif Olof Ivarsson

26/05/2008

Actual Member of Board

Ulf Stefan Viking

26/05/2008

Substitute

Group Structure

Extended Group Structure

Company Name

Country

Number

Latest Annual Accounts

http://app.creditsafe.fi/CSFIWebsiteLive/Images/Prospect/clickable.png0ABB Ltd

CH

CHE101049653

http://app.creditsafe.fi/CSFIWebsiteLive/Images/Prospect/clickable.png1ABB Norden Holding AB

SE

5560115114

31/12/2012

http://app.creditsafe.fi/CSFIWebsiteLive/Images/Prospect/clickable.png2Ab A/S

DK

http://app.creditsafe.fi/CSFIWebsiteLive/Images/Prospect/clickable.png2ABB AB

SE

5560297029

31/12/2012

http://app.creditsafe.fi/CSFIWebsiteLive/Images/Prospect/clickable.png3ABB Inocean AB

SE

5568731920

31/12/2012

http://app.creditsafe.fi/CSFIWebsiteLive/Images/Prospect/clickable.png3ABB Fastighet AB

SE

5563101160

31/12/2011

http://app.creditsafe.fi/CSFIWebsiteLive/Images/Prospect/clickable.png3ABB Logistics Center Europe GmbH

DE

HRB 9434

31/12/2012

http://app.creditsafe.fi/CSFIWebsiteLive/Images/Prospect/clickable.png3Aktiebolaget Lorentzen & Wettre

SE

5560131335

31/12/2011

http://app.creditsafe.fi/CSFIWebsiteLive/Images/Prospect/clickable.png4Lorentzen & Wettre International AB

SE

5565546800

31/12/2011

http://app.creditsafe.fi/CSFIWebsiteLive/Images/Prospect/clickable.png4Lorentzen & Wettre S.A.R.L.

FR

http://app.creditsafe.fi/CSFIWebsiteLive/Images/Prospect/clickable.png4Lorentzen & Wettre Canada Inc

CA

http://app.creditsafe.fi/CSFIWebsiteLive/Images/Prospect/clickable.png4Lorentzen & Wettre GmbH

DE

HRB 5774

31/12/2012

http://app.creditsafe.fi/CSFIWebsiteLive/Images/Prospect/clickable.png4Lorentzen & Wettre Kk

JP

http://app.creditsafe.fi/CSFIWebsiteLive/Images/Prospect/clickable.png4Lorentzen & Wettre Limited

GB

03441768

31/12/2012

http://app.creditsafe.fi/CSFIWebsiteLive/Images/Prospect/clickable.png4Lorentzen & Wettre Skandinavien AB

SE

5565943569

31/12/2011

http://app.creditsafe.fi/CSFIWebsiteLive/Images/Prospect/clickable.png4Lorentzen & Wettre Usa Inc

US

http://app.creditsafe.fi/CSFIWebsiteLive/Images/Prospect/clickable.png4Oy Lorentzen

FI

http://app.creditsafe.fi/CSFIWebsiteLive/Images/Prospect/clickable.png3ASEA AB

SE

5561721522

31/12/2012

http://app.creditsafe.fi/CSFIWebsiteLive/Images/Prospect/clickable.png3Fastighetsaktiebolaget Ökrev

SE

5568691330

31/12/2011

http://app.creditsafe.fi/CSFIWebsiteLive/Images/Prospect/clickable.png3LCP-Life Cycle Profit AB

SE

5563381473

31/12/2012

http://app.creditsafe.fi/CSFIWebsiteLive/Images/Prospect/clickable.png2Abb As

EE

http://app.creditsafe.fi/CSFIWebsiteLive/Images/Prospect/clickable.png2Abb Holding As

NO

911374285

31/12/2012

http://app.creditsafe.fi/CSFIWebsiteLive/Images/Prospect/clickable.png3Abb As

NO

982085160

31/12/2012

http://app.creditsafe.fi/CSFIWebsiteLive/Images/Prospect/clickable.png3Ele 1 As

NO

http://app.creditsafe.fi/CSFIWebsiteLive/Images/Prospect/clickable.png3Ele 2 As

NO

http://app.creditsafe.fi/CSFIWebsiteLive/Images/Prospect/clickable.png3Elektrisk Bureau As

NO

988303887

31/12/2010

http://app.creditsafe.fi/CSFIWebsiteLive/Images/Prospect/clickable.png2ABB Oy

FI

06431346

http://app.creditsafe.fi/CSFIWebsiteLive/Images/Prospect/clickable.png3Abb Automation Llc

RU

http://app.creditsafe.fi/CSFIWebsiteLive/Images/Prospect/clickable.png3ABB Busch-Jaeger Oy

FI

281606

31/12/2008

http://app.creditsafe.fi/CSFIWebsiteLive/Images/Prospect/clickable.png2ABB Technology AB

SE

5561558395

31/12/2011

http://app.creditsafe.fi/CSFIWebsiteLive/Images/Prospect/clickable.png2Sia "Abb"

LV

http://app.creditsafe.fi/CSFIWebsiteLive/Images/Prospect/clickable.png2Uab Abb

LT

Other Information

 

Employee Information

Year

Number of Employees

2012

9052

2011

8742

2010

8843

2009

9074

2008

9113

 

Advisors

Auditor Name

Börje Stefan Andersson Berglund

Auditor Name

Ernst & Young Aktiebolag

Additional Information

Tax Registrations

Registered for FTax

Yes

Registered for VAT

Yes

Registered for Employee Tax

Yes

 

Certificates

Type

Category

Issuer

No certificate information for this company.

 

Industry Comparison

Activity Code

27120

Activity Description

Manufacture of electricity distribution and control apparatus

Industry Average Credit Rating

78 (1 - 100)

Industry Average Credit Limit

206.000

 

Event History

Event Date

Event Description

08/01/2014

Group annual accout, new

08/01/2014

Limit, increase

08/01/2014

Annual account, new

06/01/2014

Group Structure Change

14/11/2013

Group annual accout, new

14/11/2013

Annual account, new

 

 

07/11/2013

Annual report (PDF), new

24/09/2013

Authorised signatories amended or new/amended vacancy text

24/09/2013

Company representatives, changed

13/08/2013

Group Structure Change

08/08/2013

Group Structure Change

30/07/2013

Group Structure Change

29/07/2013

Group Structure Change

26/07/2013

Annual account, new

26/07/2013

Group annual accout, new

08/07/2013

Annual report (PDF), new

06/07/2013

Authorised signatories amended or new/amended vacancy text

03/07/2013

Company representatives, changed

03/07/2013

Authorised signatories amended or new/amended vacancy text

09/04/2013

Company representatives, changed

09/04/2013

Authorised signatories amended or new/amended vacancy text

15/01/2013

Authorised signatories amended or new/amended vacancy text

15/01/2013

Company representatives, changed

15/12/2012

Status, changed

15/12/2012

Authorised signatories amended or new/amended vacancy text

06/11/2012

Certificate, deregistered

18/10/2012

Company representatives, changed

18/10/2012

Authorised signatories amended or new/amended vacancy text

05/10/2012

Status, changed

17/07/2012

Group annual accout, new

17/07/2012

Annual account, new

22/06/2012

Annual report (PDF), new

20/06/2012

Authorised signatories amended or new/amended vacancy text

20/06/2012

Board, changed

20/06/2012

Company representatives, changed

08/06/2012

Company representatives, changed

08/06/2012

Authorised signatories amended or new/amended vacancy text

08/06/2012

Board, changed

31/05/2012

Merge information, changed

31/05/2012

Status, changed

25/04/2012

Board, changed

25/04/2012

Authorised signatories amended or new/amended vacancy text

25/04/2012

Company representatives, changed

24/03/2012

Status, changed

24/03/2012

Merge information, changed

07/03/2012

Authorised signatories amended or new/amended vacancy text

07/03/2012

Company representatives, changed

07/03/2012

Board, changed

14/02/2012

Status, changed

14/02/2012

Merge information, changed

30/12/2011

Board, changed

30/12/2011

Company representatives, changed

30/12/2011

Authorised signatories amended or new/amended vacancy text

08/12/2011

Status, changed

08/12/2011

Merge information, changed

04/10/2011

Certificate, registered

23/08/2011

Merge information, changed

23/08/2011

Status, changed

28/07/2011

Group annual accout, new

28/07/2011

Annual account, new

11/07/2011

Annual report (PDF), new

15/06/2011

Status, changed

15/06/2011

Merge information, changed

04/05/2011

Authorised signatories amended or new/amended vacancy text

04/05/2011

Board, changed

04/05/2011

Company representatives, changed

05/04/2011

Authorised signatories amended or new/amended vacancy text

05/04/2011

Board, changed

05/04/2011

Company representatives, changed

29/03/2011

Phone number, new

11/01/2011

Company representatives, changed

11/01/2011

Authorised signatories amended or new/amended vacancy text

11/01/2011

Board, changed

03/01/2011

Certificate, deregistered

23/12/2010

Status, changed

23/12/2010

Merge information, changed

26/11/2010

Authorised signatories amended or new/amended vacancy text

26/11/2010

Board, changed

26/11/2010

Company representatives, changed

15/10/2010

Status, changed

15/10/2010

Merge information, changed

13/09/2010

Annual account, new

02/09/2010

Company representatives, changed

02/09/2010

Board, changed

02/09/2010

Authorised signatory, changed

01/09/2010

Annual report (PDF), new

04/08/2010

Board, changed

04/08/2010

Company representatives, changed

04/08/2010

Authorised signatory, changed

02/06/2010

Company representatives, changed

02/06/2010

Limit, increase

02/06/2010

Board, changed

02/06/2010

Authorised signatory, changed

04/05/2010

Board, changed

04/05/2010

Company representatives, changed

04/05/2010

Authorised signatory, changed

05/03/2010

Company representatives, changed

05/03/2010

Board, changed

05/03/2010

Authorised signatory, changed

28/09/2009

Company representatives, changed

28/09/2009

Board, changed

28/09/2009

Authorised signatory, changed

08/07/2009

Annual account, new

25/06/2009

Annual report (PDF), new

01/06/2009

Authorised signatory, changed

01/06/2009

Company representatives, changed

01/06/2009

Board, changed

Negative Information

Debt balance at the Swedish Enforcement Agency

Number of Private Claims

-

Balance of Private Claims

-

Number of Public Claims

-

Balance of Public Claims

-

Total Balance

-

 

Record of non-payment

Number of distraint attempts and repossessions

-

Number of public claims

1

Number of private claims

3

Number of applications for an order to pay

3

Number of reclaimed/revoked applications

24

 

Latest Private Claim

Date

13/03/2014

Amount

3.000 SEK

Creditor

Q-Park AB

Comments

Descision reopen on court: 2014-03-21

 

 

FOREIGN EXCHANGE RATES

 

Currency
Unit

Indian Rupees

US Dollar

1

Rs.60.26

UK Pound

1

Rs.101.71

Euro

1

Rs.83.27

 

INFORMATION DETAILS

 

Analysis Done by :

SUB

 

 

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%)

 

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.