|
Report Date : |
18.04.2014 |
IDENTIFICATION DETAILS
|
Name : |
METTLER-TOLEDO AG |
|
|
|
|
Registered Office : |
Im Langacher 44 8606 Greifensee/ZH |
|
|
|
|
Country : |
Switzerland |
|
|
|
|
Financials (as on) : |
31.12.2012 |
|
|
|
|
Year of Establishments: |
1945 |
|
|
|
|
Com. Reg. No.: |
020.4.002.767-3 / 395053 |
|
|
|
|
Legal Form : |
Company limited by shares |
|
|
|
|
Line of Business : |
· Manufacturer of instruments and appliances for measuring, testing and navigation · Engaged in development, production and worldwide distribution of horizontals, instruments, tools, metrology equipment and systems, as well as computer and network components (hardware and software) for this areas |
|
|
|
|
No. of Employees : |
1,000-1,999 |
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 31, 2014
|
Country Name |
Previous Rating (31.12.2013) |
Current Rating (31.03.2014) |
|
Switzerland |
A1 |
A1 |
|
Risk Category |
ECGC Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
|
Moderate |
B1 |
|
High |
B2 |
|
Very High |
C1 |
|
Restricted |
C2 |
|
Off-credit |
D |
SWITZERLAND - ECONOMIC OVERVIEW
Switzerland is a peaceful,
prosperous, and modern market economy with low unemployment, a highly skilled
labor force, and a per capita GDP among the highest in the world. Switzerland's
economy benefits from a highly developed service sector, led by financial
services, and a manufacturing industry that specializes in high-technology,
knowledge-based production. Its economic and political stability, transparent
legal system, exceptional infrastructure, efficient capital markets, and low
corporate tax rates also make Switzerland one of the world's most competitive
economies. The Swiss have brought their economic practices largely into
conformity with the EU's to enhance their international competitiveness, but
some trade protectionism remains, particularly for its small agricultural
sector. The fate of the Swiss economy is tightly linked to that of its
neighbors in the euro zone, which purchases half of all Swiss exports. The
global financial crisis of 2008 and resulting economic downturn in 2009 stalled
export demand and put Switzerland in a recession. The Swiss National Bank (SNB)
during this period effectively implemented a zero-interest rate policy to boost
the economy as well as prevent appreciation of the franc, and Switzerland's
economy began to recover in 2010. The sovereign debt crises currently unfolding
in neighboring euro-zone countries pose a significant risk to Switzerland's
financial stability and are driving up demand for the Swiss franc by investors
seeking a safe-haven currency. The independent SNB has upheld its zero-interest
rate policy and conducted major market interventions to prevent further appreciation
of the Swiss franc, but parliamentarians have urged it to do more to weaken the
currency. The franc's strength has made Swiss exports less competitive and
weakened the country's growth outlook; GDP growth fell below 2% per year during
2011-13. Switzerland has also come under increasing pressure from individual
neighboring countries, the EU, the US, and international institutions to reform
its banking secrecy laws. Consequently, the government agreed to conform to
OECD regulations on administrative assistance in tax matters, including tax
evasion. The government has renegotiated its double taxation agreements with
numerous countries, including the US, to incorporate the OECD standard, and is
considering the possibility of imposing taxes on bank deposits held by
foreigners. These steps will have a lasting impact on Switzerland's long
history of bank secrecy
Source
: CIA
METTLER-TOLEDO AG
Im Langacher 44 8606
Greifensee/ZH Switzerland/CH
Telephone: 044
9442211
Fax: 044
9443060
Web
site: http://ch.mt.com
E-mail: info.ch@mt.com
VAT-No.: CHE105929582
Established: 1945
History: 1945: Established from Dr. Erhard Mettler
Line
of Business: Measurement and
control technology
Industry
Division: Manufacturing
Industry-code (NACE): 2651 Manufacture of instruments and appliances
for measuring, testing and navigation
Import/Export: Export
Quality
certification: ISO 9001:2000
ISO 14001
ISO 17025
Banks: CSFB Credit Suisse
First Boston
Coverage: Company
Employees: 1,000-1,999
Sales: USD 400-600 Mio
The business activities includes the
development, production and worldwide distribution of horizontals, instruments,
tools, metrology equipment and systems, as well as computer and network
components (hardware and software) for this areas.
Real
Estate: The company owns
extensive property.
Company
No: 020.4.002.767-3 / 395053
Legal
form: Company limited by
shares
Registration: 05.03.1997
Legal
status: active
Responsible
Register: Handelsregister des Kantons
Zürich
History: Date of Statutes:
25.08.2005
Date of
Statutes: 20.12.1999
Date of
Statutes: 23.06.2000
Date of
Statutes: 14.01.2008
Date of
Statutes: 14.07.2006
Date of
Statutes: 30.06.2006
Date of
Incorporation Statutes: 24.02.1997
Entry Deleted Name
04.07.2006 Mettler-Toledo
AG
04.07.2006 Mettler-Toledo
SA (Name translated)
04.07.2006 Mettler-Toledo
Ltd. (Name translated)
04.07.2006 Mettler-Toledo GmbH
04.07.2006 Mettler-Toledo Ltd liab Co (Name translated)
04.07.2006 Mettler-Toledo S.ŕ r.l. (Name translated)
Entry Deleted Legal domicile
active Greifensee,
Switzerland
Entry Deleted Address
28.07.2010 Im
Langacher 44, 8606 Greifensee/ZH, Switzerland/CH
28.07.2010 Im Langacher , 8606 Greifensee, Switzerland/CH
Entry Deleted Capital
14.01.2008 Share
Capital CHF 3,130,400, paidup CHF 3,130,400
14.07.2006 Participation
Capital CHF 21,400, paidup CHF 21,400
Entry Deleted Capital Structure
14.01.2008 31,304
Registered shares of CHF 100.--
14.07.2006 214
Registered participation certificates of CHF 100.--
Entry Deleted Activity (original Language)
14.01.2008 Zweck
der Gesellschaft ist die Entwicklung, Herstellung und der weltweite Vertrieb
von Waagen, Instrumenten, messtechnischen Geräten und von Systemen sowie der
mit diesen Produkten eingesetzten Informatik- und Netzwerkkomponenten (Hard-
und Software), und die Erbringung von Dienstleistungen an verbundene
Unternehmungen und an Dritte vor allem in der Form von Engineering Leistungen,
General Contracting und Informatikunterstützung. Die Gesellschaft bezweckt
zudem die Unterstützung von verbundenen Gesellschaften, insbesondere in
finanzieller Hinsicht und kann namentlich Finanzierungen für eigene oder fremde
Rechnung vornehmen sowie Darlehen an Konzerngesellschaften geben und Garantien
und Bürgschaften für Konzerngesellschaften eingehen. Die Gesellschaft kann
Liegenschaften erwerben und sich an anderen Unternehmungen beteiligen.
Entry Deleted Remarks (original Language)
active Publishing
authority: SHAB.
active Change
of Corporate Form: Ist auf dem Wege der Umwandlung aus der Mettler-Toledo AG,
in Greifensee, hervorgegangen. Übernimmt gemäss Umwandlungsbilanz per 31.1.1997
Aktiven von CHF 236'906'671.-- und Passiven von CHF 207'943'700.-- im Sinne von
Art. 824 ff. OR. Das Aktienkapital von CHF 2'000'000.-- wird in Stammkapital
umgewandelt.
14.01.2008 Contribution
in kind/Asset takeover: Die Gesellschaft übernimmt bei der ordentlichen
Kapitalerhöhung vom 14.01.2008 gemäss Sacheinlagevertrag vom 17.12.2007
2'700'000 Aktien der Mettler-Toledo (M) SDN.BHD., in Shah Alam (Selangor Darul
Ehsan, Malaysia) mit einem Nominalwert von je RM 1.--, wofür 208 Namenaktien zu
CHF 100.-- ausgegeben werden.
14.07.2006 Participation
certificates: Die Namenpartizipationsscheine gewähren Vorrechte bezüglich
Dividende und Liquidationserlös gemäss Statuten.
14.07.2006 Shares:
Die Übertragbarkeit der Namenpartizipationsscheine ist nach Massgabe der
Statuten beschränkt.
14.07.2006 Contribution
in kind/Asset takeover: Die Gesellschaft übernimmt bei der Kapitalerhöhung vom
14.07.2006 gemäss Sacheinlageverträgen vom 10./12.07.2006 2'000 Aktien der
Mettler-Toledo (Gibraltar) MTCS Ltd, in Gibraltar zu nominal je CHF 1.--, 2'000
Aktien der Mettler-Toledo (Gibraltar) MTCN Ltd, in Gibraltar zu nominal je CHF
1.--, 2'000 Aktien der Mettler-Toledo (Gibraltar) MTCZ Ltd, in Gibraltar zu
nominal je CHF 1.-- sowie gemäss Sacheinlagevertrag vom 10.07.2006 2'000 Aktien
der Mettler-Toledo (Gibraltar) China Holding Ltd, in Gibraltar zu nominal je
CHF 1.--, wofür insgesamt 11'096 Namenaktien zu CHF 100.-- sowie 214
Namenpartizipationsscheine zu CHF 100.-- ausgegeben werden.
04.07.2006 Reports:
Mitteilungen an die Aktionäre erfolgen durch Brief an die im Aktienbuch
verzeichneten Adressen.
04.07.2006 Change
of Corporate Form: Die Gesellschaft mit beschränkter Haftung wird gemäss
Umwandlungsplan vom 30.06.2006 und Bilanz per 31.12.2005 mit Aktiven von CHF
210'665'128.06 (abzüglich Dividendenausschüttung von CHF 13'000'000.--) und
Passiven (Fremdkapital) von CHF 181'073'826.23 in eine Aktiengesellschaft
umgewandelt. Die Gesellschafter erhalten für ihre bisherigen Stammanteile
20'000 Aktien zu CHF 100.--.
Entry Deleted Branches
28.07.2010 Im
Hackacker 15, 8902 Urdorf/ZH, Switzerland/CH (Business place)
28.07.2010 Buchbergstrasse
4, 8730 Uznach/SG, Switzerland/CH (Business place)
28.07.2010 Sonnenbergstrasse
74, 8603 Schwerzenbach/ZH, Switzerland/CH (Business place)
28.07.2010 Heuwinkelstrasse
3, 8606 Nänikon/ZH, Switzerland/CH (Business place)
Title Name
President Christian
Magloth, Origin: Widnau, Switzerland, Residential address: Volketswil,
Switzerland, joint signature of two, Registered since: 24.01.2011
Vice-President James Thomas
Bellerjeau, Origin: United States of America, Residential address:
Erlenbach/ZH, Switzerland, joint signature of two
Director Kurt
Jufer, Origin: Melchnau, Switzerland, Residential address: Küsnacht/ZH, Switzerland,
joint signature of two
Director Thomas
Keller, Origin: Aarau, Switzerland, Residential address: 8610 Uster/ZH,
Switzerland, joint signature of two
Title Name
Member
with signing authority Peter Baumann,
Origin: Zürich, Hombrechtikon, Switzerland, Residential address: 8704
Herrliberg/ZH, Switzerland, joint signature of two
Member
with signing authority Britta Bellan,
Origin: Winterthur, Switzerland, Residential address: 8625 Gossau/ZH,
Switzerland, joint signature of two, Registered since: 07.05.2009
Member
with signing authority Elmar Büth,
Origin: Germany, Residential address: 8000 Zürich/ZH, Switzerland, joint
signature of two, Registered since: 08.12.2010
Member
with signing authority Thomas Martin
Caratsch, Origin: Santa Maria Val Müstair, Switzerland, Residential address:
8932 Mettmenstetten/ZH, Switzerland, joint signature of two
Member
with signing authority Johan Peter
Dierbach, Origin: Germany, Residential address: Maur, Switzerland, joint
signature of two, Registered since: 13.06.2013
Member
with signing authority Michael
Johannes Martin Heidingsfelder, Origin: Germany, Residential address: Zollikon,
Switzerland, joint signature of two, Registered since: 13.06.2013
Member
with signing authority Thomas Anton
Kehl, Origin: Balgach, Switzerland, Residential address: Fehraltorf,
Switzerland, joint signature of two, Registered since: 13.06.2013
Member
with signing authority Simon Richard
Radcliffe Kirk, Origin: United Kingdom, Residential address: Unterägeri,
Switzerland, joint signature of two, Registered since: 13.06.2013
Member
with signing authority René
Lenggenhager, Origin: Ebnat-Kappel, Switzerland, Residential address: Stäfa,
Switzerland, joint signature of two
Member
with signing authority Peter
Leuenberger, Origin: Ursenbach, Switzerland, Residential address: 9242
Oberuzwil/SG, Switzerland, joint signature of two
Member
with signing authority Robert Meier,
Origin: Zürich, Altbüron, Switzerland, Residential address: 8620 Wetzikon/ZH,
Switzerland, joint signature of two
Member
with signing authority Andreas Meyer,
Origin: Küssnacht, Switzerland, Residential address: Zollikon, Switzerland,
joint signature of two
Member
with signing authority Thomas Walter
Müller, Origin: Winterthur, Switzerland, Residential address: Elsau, Switzerland,
joint signature of two
Member
with signing authority Waldemar
Rauch, Origin: Germany, Residential address: Zürich, Switzerland, joint
signature of two
Member
with signing authority Doris
Schilling, Origin: Germany, Residential address: Konstanz, Germany, joint
signature of two
Member
with signing authority Marcel
Schwyter, Origin: Innerthal, Switzerland, Residential address: Jona,
Switzerland, joint signature of two
Member
with procuration Dr. Petra
Meuer, Origin: Germany, Residential address: 8000 Zürich/ZH, Switzerland, joint
power of attorney of two, Registered since: 22.02.2010
Member
with procuration Dr. Regina
Schlegel, Origin: Zürich, Switzerland, Residential address: 8000 Zürich/ZH,
Switzerland, joint power of attorney of two, Registered since: 24.01.2011
Title Name
Auditor PricewaterhouseCoopers
AG, Residential address: Zürich, Switzerland, Id: CH-020.3.020.876-5
Consolidation: unconsolidated
Industry: Trade/Industry
Fiscal year end: 31.12.2012 31.12.2011 31.12.2010 31.12.2009 31.12.2008
Number of months: 12 12 12 12 12
Currency: th.
USD th. USD th. USD th. USD th.
USD
Operating revenue 530,847.0 555,308.0 456,491.0 396,269.0 442,054.0
Operating result 133,691.0 113,997.0 96,568.0 82,954.0 85,363.0
Total assets 921,253.0 794,319.0 879,923.0 685,006.0 626,539.0
Depreciation 7,194.0 7,581.0 9,222.0 9,706.0 9,055.0
Investments in
tangible fixed assets 5,529.0 8,178.0 13,212.0 5,453.0 8,477.0
Employees at year end 1,500 1,500 1,670 1,600 1,650
Employees inland 1,500 1,500 1,670 1,600 1,650
Employees abroad 0 0 0 0 0
Consolidation: consolidated
Industry: Trade/Industry
Fiscal year end: 31.12.2012 31.12.2011 31.12.2010 31.12.2009 31.12.2008
Number of months: 12 12 12 12 12
Currency: th.
USD th. USD th. USD th. USD th.
USD
Statement norm: US-GAAP US-GAAP US-GAAP US-GAAP US-GAAP
BALANCE SHEET
Intangible fixed
assets 569,915.0 569,153.0 539,071.0 546,234.0 424,426.0
Tangible fixed
assets 469,421.0 410,007.0 364,472.0 316,334.0 285,008.0
Financial fixed
assets 127,110.0 118,899.0 95,996.0 95,688.0 0.0
other fixed assets 86,034.0 86,552.0 138,629.0 114,424.0 282,230.0
Fixed assets 1,252,480.0 1,184,611.0 1,138,168.0 1,072,680.0 991,664.0
Stocks 198,939.0 241,421.0 217,104.0 168,042.0 170,613.0
Trade accounts
receivable 437,390.0 425,147.0 368,936.0 312,998.0 348,614.0
Liquid assets 101,702.0 235,601.0 447,577.0 85,031.0 78,073.0
other trade
accounts 126,889.0 116,694.0 111,278.0 80,036.0 73,565.0
Other current
assets 228,591.0 352,295.0 558,855.0 165,067.0 151,638.0
Current assets 864,920.0 1,018,863.0 1,144,895.0 646,107.0 670,865.0
Total assets 2,117,400.0 2,203,474.0 2,283,063.0 1,718,787.0 1,662,529.0
Capital 639,153.0 616,650.0 597,643.0 574,482.0 560,220.0
Other shareholders
funds 188,066.0 164,487.0 173,941.0 136,656.0 -56,973.0
Total shareholders
equity 827,219.0 781,137.0 771,584.0 711,138.0 503,247.0
Minority interests 0.0 0.0 0.0 0.0 0.0
long term debt
(financial debts) 347,131.0 476,715.0 670,301.0 203,590.0 441,588.0
Other non current
liabilities 380,373.0 335,778.0 298,992.0 309,384.0 290,096.0
Non current
liabilities 727,504.0 812,493.0 969,293.0 512,974.0 731,684.0
short term debt
(financial debts) 41,600.0 28,300.0 10,902.0 89,968.0 12,492.0
Trade accounts
payable 142,362.0 168,109.0 138,105.0 103,160.0 111,442.0
Provisions 16,031.0 18,542.0 17,705.0 11,303.0 0.0
Accruals 227,249.0
other accounts
payable 135,435.0 394,893.0 375,474.0 290,244.0 303,664.0
other current
liabilities 378,715.0 413,435.0 393,179.0 301,547.0 303,664.0
Current
liabilities 562,677.0 609,844.0 542,186.0 494,675.0 427,598.0
Shareh. equity,
min. interests + liabilities 2,117,400.0 2,203,474.0 2,283,063.0 1,718,787.0 1,662,529.0
Profit and loss
account
Net sales 2,341,528.0 2,309,328.0 1,968,178.0 1,728,853.0 1,973,344.0
Operating revenue 2,341,528.0 2,309,328.0 1,968,178.0 1,728,853.0 1,973,344.0
Cost of goods sold 1,100,473.0 1,091,054.0 930,982.0 839,516.0 993,081.0
Gross profit 1,241,055.0 1,218,274.0 1,037,196.0 889,337.0 980,263.0
Other operating
expenses 835,690.0 845,871.0 709,626.0 639,458.0 739,584.0
Operating result 405,365.0 372,403.0 327,570.0 249,879.0 240,679.0
Interest expenses 22,764.0 23,226.0 20,057.0 25,117.0
Financial expenses 22,764.0 23,226.0 20,057.0 25,117.0
Financial result -22,764.0 -23,226.0 -20,057.0 -25,117.0 25,390.0
Result before
extraordinary items 382,601.0 349,177.0 307,513.0 224,762.0 266,069.0
Result before
taxes 382,601.0 349,177.0 307,513.0 224,762.0 266,069.0
Taxes 91,754.0 79,684.0 75,365.0 52,169.0 63,291.0
Result before
minority interests 290,847.0 269,493.0 232,148.0 172,593.0 202,778.0
minority interests 0.0 0.0 0.0 0.0 0.0
Result for the
financial year 290,847.0 269,493.0 232,148.0 172,593.0 202,778.0
Cash flow
Depreciation 33,421.0 31,689.0 14,842.0 11,844.0 10,553.0
Cash flow 324,268.0 301,182.0 246,990.0 184,437.0 213,331.0
Cash flow from
operating activities 327,704.0 280,880.0 268,279.0 232,605.0 223,764.0
Investments in
tangible fixed assets 95,588.0 98,500.0 73,943.0 60,041.0 61,008.0
Cash flow from
investing activities -97,260.0 -132,291.0 -77,015.0 -72,580.0 -48,700.0
Cash flow from
financing activities -366,397.0 -360,469.0 167,923.0 -157,443.0 -179,147.0
Others 2,054.0 -96.0 3,359.0 4,376.0 934.0
Change in liquidity -133,899.0 -211,976.0 362,546.0 6,958.0 -3,149.0
Liquidity at
beginning of the year 235,601.0 447,577.0 85,031.0 78,073.0 81,222.0
Liquidity at end
ot the year 101,702.0 235,601.0 447,577.0 85,031.0 78,073.0
Notes
Research and
Development 112,530.0 116,139.0 97,028.0 89,685.0 102,282.0
Added value 438,786.0 404,092.0 342,412.0 261,723.0 266,069.0
Working Capital 493,967.0 498,459.0 447,935.0 377,880.0 407,785.0
Sales per Employee 188.8 192.4 175.7 166.2 197.3
Gross cost land
and buildings 261,548.0 249,230.0 240,616.0 228,281.0 223,143.0
Gross cost other
tangible fixed assets 587,878.0 501,522.0 442,198.0 376,770.0 321,472.0
Gross cost total 849,426.0 750,752.0 682,814.0 605,051.0 544,615.0
Employees at year end 12,400 12,000 11,200 10,400 10,000
Name: Mettler-Toledo Holding
AG
City/Country: Greifensee/ZH, Switzerland/CH
No.
of Owner/-s: 1
Owner: The company is domestic
owned.
Class: 100%
Type: indirect, Group-Level
1
Name: Mettler-Toledo Holding
AG
City/Country: Greifensee/ZH, Switzerland/CH
Interest: 100,00% voting right,
100,00% capital interest
Class: 100%
Name: Mettler-Toledo
Logistik GmbH
City/Country: Uznach/SG, Switzerland/CH
Interest: 100,00% voting right,
100,00% capital interest (since 26.09.2007)
Class: 100%
Name: Mettler-Toledo
Logistik International GmbH
City/Country: Uznach/SG, Switzerland/CH
Interest: 100,00% voting right,
100,00% capital interest (since 01.10.2007)
Class: 100%
Name: Mettler-Toledo
(Schweiz) GmbH
City/Country: Greifensee/ZH, Switzerland/CH
Interest: 100,00% voting right,
100,00% capital interest (since 24.09.2007)
Class: 100%
Name: Ohaus Europe GmbH
City/Country: Greifensee/ZH, Switzerland/CH
Interest: 100,00% voting right,
100,00% capital interest (since 22.12.2006)
Class: 50-100%
Name: Mettler-Toledo OnLine
GmbH
City/Country: Greifensee/ZH, Switzerland/CH
Interest: 99,00% voting right,
99,00% capital interest (since 08.05.2006)
Control date Year No. Amount CHF Status
16.10.2013 2013 1 82.-- Legal actions
16.10.2013 2013 1 1,399.-- Opposition filed
16.10.2013 2012 0
16.10.2013 2011 1 818.-- Paid legal actions
16.10.2013 2010 0
31.12.2009 2009 0
An updated legal action check is only
available against proof of interest. e.g. a copy of an enquiry letter, and
order or invoice relating to the subject company.
Financial
Situation: The financial situation
is good.
Payment
experiences: Financial obligations are
met as appropriate.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.60.38 |
|
|
1 |
Rs.101.63 |
|
Euro |
1 |
Rs.83.57 |
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.