MIRA INFORM REPORT

 

 

Report Date :

17.12.2014

 

IDENTIFICATION DETAILS

 

Name :

VOITH TURBO GMBH & CO. KG

 

 

Registered Office :

Alexanderstr. 2, D 89522 Heidenheim

 

 

Country :

Germany

 

 

Date of Incorporation :

28.05.1956

 

 

Com. Reg. No.:

HRA 661038

 

 

Legal Form :

Ltd partnership with priv. ltd. company as general partner

 

 

Line of Business :

·         Engaged in Design, Production, Sales and Service of Turbo Transmissions, Voith Power Packs, cooling systems, final drives, wheel sets and components for railway vehicles.

 

·         Engaged in Sales, Development, Engineering, Purchasing, Production and Service of the business unit Universal Joint Shafts/Connecting Elements.

 

·         Engaged in Product Development and Sales of driveline components for commercial vehicles.

·         Engaged Sales, Development, Engineering, Purchasing, Production and Service of the business unit Variable Speed Drives, Electrical Control and Drive Systems, Start-up Components, Universal Joint Shafts/Connecting Elements, and for the central functions:

- central Research and Development

- sales POG, region EMEA

- sales MM, region EMEA

- logistics location Crailsheim

 

 

No of Employees :

Not Available

 

[We tried to confirm the number of employees but no one is ready to part any information from the company management.]

 

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 – September 30, 2014

 

Country Name

Previous Rating

(30.06.2014)

Current Rating

(30.09.2014)

Germany

A1

A1

 

Risk Category

ECGC Classification

Insignificant

 

A1

Low

 

A2

Moderate

 

B1

High

 

B2

Very High

 

C1

Restricted

 

C2

Off-credit

 

D

 

 

GERMANY - ECONOMIC OVERVIEW

 

The German economy - the fifth largest economy in the world in PPP terms and Europe's largest - is a leading exporter of machinery, vehicles, chemicals, and household equipment and benefits from a highly skilled labor force. Like its Western European neighbors, Germany faces significant demographic challenges to sustained long-term growth. Low fertility rates and declining net immigration are increasing pressure on the country's social welfare system and necessitate structural reforms. Reforms launched by the government of Chancellor Gerhard SCHROEDER (1998-2005), deemed necessary to address chronically high unemployment and low average growth, has contributed to strong growth and falling unemployment. These advances, as well as a government subsidized, reduced working hour scheme, help explain the relatively modest increase in unemployment during the 2008-09 recession - the deepest since World War II - and its decrease to 5.3% in 2013. The new German government introduced a minimum wage of $11 per hour to take effect in 2015. Stimulus and stabilization efforts initiated in 2008 and 2009 and tax cuts introduced in Chancellor Angela MERKEL's second term increased Germany's total budget deficit - including federal, state, and municipal - to 4.1% in 2010, but slower spending and higher tax revenues reduced the deficit to 0.8% in 2011 and in 2012 Germany reached a budget surplus of 0.1%. A constitutional amendment approved in 2009 limits the federal government to structural deficits of no more than 0.35% of GDP per annum as of 2016 though the target was already reached in 2012. Following the March 2011 Fukushima nuclear disaster, Chancellor Angela MERKEL announced in May 2011 that eight of the country's 17 nuclear reactors would be shut down immediately and the remaining plants would close by 2022. Germany hopes to replace nuclear power with renewable energy. Before the shutdown of the eight reactors, Germany relied on nuclear power for 23% of its electricity generating capacity and 46% of its base-load electricity production.

 

Source : CIA

COMPANY NAME & ADDRESS

 

VOITH TURBO GMBH & CO. KG

 

Company Status:          active

                                    Alexanderstr. 2

                                    D 89522 Heidenheim

Telephone:                    07321/372802

Telefax:                        07321/377110

Homepage:                   www.voithturbo.com

E-mail:                          info.voithturbo@voith.com

 

VAT no.:                       DE145216193

 

 

CONCLUSION

 

Business relations are permissible.

 

 

COMPANY SUMMARY

 

 Legal Form                  Ltd partnership with priv. ltd. company as general partner

 Date of foundation:      28.05.1956

 Registered on:             30.05.1996

 Register of

 companies:                  Local court 89073 Ulm

 under:                          HRA 661038

 

 Total cap. contribution:                EUR         25,602,000.00

 

 

Limited partner

 

                      J.M. Voith GmbH & Co. Beteiligungen KG

                      St.-Pöltener-Str. 43

                      D 89522 Heidenheim

                      Legal form: Ltd partnership with priv. ltd.

                      company as general partner

                      Total cap.         EUR         44,602,000.00

                      contribution:

                      Share:             EUR         25,602,000.00

                      Registered on: 18.12.1996

                      Reg. data: 89073 Ulm, HRA 661052

 

General partner

 

                      Voith Turbo Beteiligungs GmbH

                      Alexanderstr. 2

                      D 89522 Heidenheim

                      Legal form: Private limited company

                      Share capital:     EUR             26,000.00

                      Registered on: 31.08.1995

                      Reg. data: 89073 Ulm, HRB 661216

 

 

Shareholder

 

                      J.M. Voith GmbH & Co. Beteiligungen KG

                      St.-Pöltener-Str. 43

                      D 89522 Heidenheim

                      Legal form: Ltd partnership with priv. ltd.

                      company as general partner

                      Total cap.         EUR         44,602,000.00

                      contribution:

                      Share:             EUR             26,000.00

                      Registered on: 18.12.1996

                      Reg. data: 89073 Ulm, HRA 661052

 

 

Manager

 

                      Dr. Frank Gropengießer

                      Alter Postweg 44

                      D 21220 Seevetal

                      born: 03.09.1961

                      Profession: Businessman

                      Marital status: married

 Manager:

                      Matthias Lindemann

                      D 89518 Heidenheim

                      born: 30.12.1963

 Manager:

                      Bodo Klein

                      D 30890 Barsinghausen

                      born: 24.10.1961

 Manager:

                      Matthias E. Grawe

                      D 74589 Satteldorf

                      born: 06.11.1959

 Manager:

                      Benno Morlock

                      D 74564 Crailsheim

                      born: 07.07.1961

 Manager:

                      Carsten J. Reinhardt

                      Sigmaringer Str. 23

                      D 70567 Stuttgart

                      born: 07.09.1967

 

 

Proxy

 

                      Dr. Jörg Kondring

                      Lichtensteinstr. 4

                      D 89518 Heidenheim

                      authorized to jointly represent the company

                      born: 15.11.1966

                      Profession: Solicitor

 Proxy:

                      Ilonka Nußbaumer

                      D 89518 Heidenheim

                      authorized to jointly represent the company

                      born: 22.07.1973

 Proxy:

                      Sabine Gronbach

                      An der Reithalle 21

                      D 90429 Nürnberg

                      authorized to jointly represent the company

                      born: 14.09.1974

                      née: Eissen

 Proxy:

                      Dr.Ing. Roland Münch

                      D 89073 Ulm

                      authorized to jointly represent the company

                      born: 28.08.1959

 Proxy:

                      Christian Nykiel

                      Mathias-Hess-Str. 76a

                      D 69190 Walldorf

                      authorized to jointly represent the company

                      born: 13.03.1961

                      Profession: degree-level economist

                      Marital status: married

 Proxy:

                      Johannes Zeller

                      D 89518 Heidenheim

                      authorized to jointly represent the company

                      born: 26.10.1956

Proxy:

                      Bernd Maier

                      D 89518 Heidenheim

                      authorized to jointly represent the company

                      born: 10.06.1959

 Proxy:

                      Egon Krätschmer

                      D 73450 Neresheim

                      authorized to jointly represent the company

                      born: 05.07.1956

 Proxy:

                      Martin Wawra

                      D 89522 Heidenheim

                      born: 27.08.1967

 Proxy:

                      Dr. Frank Gropengießer

                      Alter Postweg 44

                      D 21220 Seevetal

                      authorized to jointly represent the company

                      born: 03.09.1961

                      Profession: Businessman

                      Marital status: married

 Proxy:

                      Michael Hannig

                      Friedrich-Ebert-Str. 17

                      D 89522 Heidenheim

                      authorized to jointly represent the company

                      born: 19.01.1965

 Proxy:

                      Matthias Lindemann

                      D 89518 Heidenheim

                      authorized to jointly represent the company

                      born: 30.12.1963

 Proxy:

                      Jerry Mackel

                      Burgstr. 79k

                      D 52074 Aachen

                      authorized to jointly represent the company

                      born: 01.06.1965

                      Marital status: unknown

 Proxy:

                      Heinz Siegfried Tengler

                      D 89558 Böhmenkirch

                      authorized to jointly represent the company

                      born: 10.02.1959

 Proxy:

                      Willi Zinnecker

                      D 74564 Crailsheim

                      authorized to jointly represent the company

                      born: 11.06.1958

 Proxy:

                      Dr. Jörg Kondring

                      Lichtensteinstr. 4

                      D 89518 Heidenheim

                      authorized to jointly represent the company

                      born: 15.11.1966

                      Profession: Solicitor

 Proxy:

                      Bodo Klein

                      D 30890 Barsinghausen

                      authorized to jointly represent the company

                      born: 24.10.1961

 Proxy:

                      Matthias E. Grawe

                      D 74589 Satteldorf

                      authorized to jointly represent the company

                      born: 06.11.1959

 Proxy:

                      Kai Kamossa

                      Geschwister-Scholl-Str. 17

                      D 74564 Crailsheim

                      authorized to jointly represent the company

                      born: 19.07.1963

 Proxy:

                      Andreas Brandt

                      D 70173 Stuttgart

                      authorized to jointly represent the company

                      born: 15.02.1963

 Proxy:

                      Tobias Brandstetter

                      D 73430 Aalen

                      authorized to jointly represent the company

                      born: 04.09.1968

 Proxy:

                      Wolfgang Eng

                      Steingasse 19

                      D 69469 Weinheim

                      authorized to jointly represent the company

                      born: 14.04.1956

 Proxy:

                      Edgar Wolf

                      D 73430 Aalen

                      authorized to jointly represent the company

                      born: 31.01.1961

 Proxy:

                      Sabine Rückert

                      D 75417 Mühlacker

                      authorized to jointly represent the company

                      born: 13.07.1965

 Proxy:

                      Benno Morlock

                      D 74564 Crailsheim

                      authorized to jointly represent the company

                      born: 07.07.1961

 Proxy:

                      Walter Beez

                      D 73571 Göggingen

                      authorized to jointly represent the company

                      born: 27.03.1957

 Proxy:

                      Stefan Hölzl

                      Orthstr. 42

                      D 81245 München

                      authorized to jointly represent the company

                      born: 23.10.1963

 Proxy:

                      Martin Kaufmann

                      D 89423 Gundelfingen

                      authorized to jointly represent the company

                      born: 04.05.1971

 Proxy:

                      Katharina Herzog

                      Leuchtenbergstr. 18

                      D 74564 Crailsheim

                      authorized to jointly represent the company

                      born: 15.12.1978

 Proxy:

                      Dr. Patrick Stiller

                      D 74564 Crailsheim

                      authorized to jointly represent the company

                      born: 16.10.1973

 Proxy:

                      Carsten J. Reinhardt

                      Sigmaringer Str. 23

                      D 70567 Stuttgart

                      authorized to jointly represent the company

                      born: 07.09.1967

 Proxy:

                      Sabine Gronbach

                      An der Reithalle 21

                      D 90429 Nürnberg

                      authorized to jointly represent the company

                      born: 14.09.1974

                      née: Eissen

 Proxy:

                      Roland Aeugle

                      D 89564 Nattheim

                      authorized to jointly represent the company

                      born: 28.09.1963

                      Marital status: unknown

 Proxy:

                      Jörn Hagedorn

                      D 91555 Feuchtwangen

                      authorized to jointly represent the company

                      born: 12.09.1973

 Proxy:

                      Thomas Sautter

                      D 89551 Königsbronn

                      authorized to jointly represent the company

                      born: 18.01.1968

 Proxy:

                      Dr. Heike Willax

                      D 89522 Heidenheim

                      authorized to jointly represent the company

                      born: 28.01.1973

 Proxy:

                      Sabine Gerber

                      D 89522 Heidenheim

                      authorized to jointly represent the company

                      born: 05.10.1961

 Proxy:

                      Alexandra Mebus

                      D 70173 Stuttgart

                      authorized to jointly represent the company

                      born: 14.12.1976

 Proxy:

                      Peter Hitzler

                      D 89551 Königsbronn

                      authorized to jointly represent the company

                      born: 29.12.1970

 

 

COMPANY HISTORY

 

 1956 - 30.05.1996        Voith Turbo GmbH & Co. KG

                                    Voithstr. 1

                                    D 74564 Crailsheim

                                    Ltd partnership with priv. ltd. company as general partner

 

 

BUSINESS ACTIVITIES

 

·         Engaged in Design, Production, Sales and Service of Turbo Transmissions, Voith Power Packs, cooling systems, final drives, wheel sets and components for railway vehicles.

 

·         Engaged in Sales, Development, Engineering, Purchasing, Production and Service of the business unit Universal Joint Shafts/Connecting Elements.

 

·         Engaged in Product Development and Sales of driveline components for commercial vehicles.

·         Engaged Sales, development, engineering, purchasing, production and service of the business unit Variable Speed Drives, Electrical Control and Drive Systems, Start-up Components, Universal Joint Shafts/Connecting Elements, and for the central functions:

- central Research and Development

- sales POG, region EMEA

- sales MM, region EMEA

- logistics location Crailsheim

 

 

BRANCHES AND FACTORIES

 

 Branch:

                      Voith Turbo GmbH & Co. KG

                      Adlerstr. 12

                      D 45307 Essen

                      TEL.: 0201/55783-0

                      FAX.: 0201/55783-35

 Branch:

                      Voith Turbo GmbH & Co. KG

                      Hamburger Str. 3

                      D 16341 Panketal

                      TEL.: 030/94795935

                      FAX.: 030/94878077

 Branch:

                      Voith Turbo GmbH & Co. KG

                      D 04103 Leipzig

 Branch:

                      Voith Turbo GmbH & Co. KG

                      Schleißheimer Str. 101

                      D 85748 Garching

                      TEL.: 089/32001-0

                      FAX.: 089/32001-210

 Branch:

                      Voith Turbo GmbH & Co. KG

                      Voithstr. 1

                      D 74564 Crailsheim

                      TEL.: 07951/32-0

                      FAX.: 07951/32-500

 Branch:

                      Voith Turbo GmbH & Co. KG

                      Centrumstr. 4

                      D 45307 Essen

                      TEL.: 0201/592748-0

                      FAX.: 0201/592748-48

 Branch:

                      Voith Turbo GmbH & Co. KG

                      Centrumstr. 2

                      D 45307 Essen

                      TEL.: 0201/5578361

                      FAX.: 0201/5578365

 Branch:

                      Voith Turbo GmbH & Co. KG

                      Theodor-Heuss-Ring 140

                      D 24143 Kiel

                      TEL.: 0431/259590

 Branch:

                      Voith Turbo GmbH & Co. KG

                      Maxhüttenstr. 19

                      D 07333 Unterwellenborn

                      TEL.: 03671/648055

 Branch:

                      Voith Turbo GmbH & Co. KG

                      Uferstr. 80

                      D 24106 Kiel

                      Reg. entry: 12.06.2013

 

 

PARTICIPATIONS

 

 General partner:

                      Voith Turbo Verdichtersysteme GmbH & Co. KG

                      Am Helmgarten 4

                      D 09405 Zschopau

                      Legal form: Ltd partnership with priv. ltd.

                                  company as general partner

                      Company Status: active

                      Total cap.           EUR              1,000.00

                      contribution:

                      Reg. data:  20.02.2007

                                  Local court 09112 Chemnitz

                                  HRA 5960

 General partner:

                      Voith Turbo Aufladungssysteme GmbH & Co. KG

                      Rudolf-Diesel-Str. 1

                      D 39245 Gommern

                      Legal form: Ltd partnership with priv. ltd.

                                  company as general partner

                      Company Status: active

                      Total cap.           EUR              3,000.00

                      contribution:

                      Reg. data:  13.01.2003

                                  Local court 39576 Stendal

                                  HRA 769

 Limited partner:

                      Voith Turbo H + L Hydraulic GmbH & Co. KG

                      Schuckertstr. 15

                      D 71277 Rutesheim

                      Legal form: Ltd partnership with priv. ltd.

                                  company as general partner

                      Company Status: active

                      Total cap.           EUR          6,100,000.00

                      contribution:

                      Share:                 EUR          6,100,000.00

                      Reg. data:  24.03.1972

                                  Local court 70190 Stuttgart

                                  HRA 253655

 

Limited partner:

                      Voith Turbo Schneider Propulsion GmbH & Co.

                      KG

                      Alexanderstr. 18

                      D 89522 Heidenheim

                      Post Box:

                      20 11

                      Legal form: Ltd partnership with priv. ltd.

                                  company as general partner

                      Company Status: active

                      Total cap.           EUR          2,584,050.00

                      contribution:

                      Share:                 EUR          2,584,050.00

                      Reg. data:  21.07.1998

                                  Local court 89073 Ulm

                                  HRA 661083

 Limited partner:

                      Voith Turbo HighFlex GmbH & Co. KG

                      Centrumstr. 2

                      D 45307 Essen

                      Legal form: Ltd partnership with priv. ltd.

                                  company as general partner

                      Company Status: active

                      Total cap.           EUR            200,000.00

                      contribution:

                      Share:                 EUR            200,000.00

                      Reg. data:  02.10.2006

                                  Local court 45130 Essen

                                  HRA 8759

 Limited partner:

                      Voith Turbo SMI Technologies GmbH & Co. KG

                      Alexanderstr. 2

                      D 89522 Heidenheim

                      Legal form: Ltd partnership with priv. ltd.

                                  company as general partner

                      Company Status: active

                      Total cap.           EUR            100,000.00

                      contribution:

                      Share:                 EUR             51,000.00

                      Reg. data:  22.01.2008

                                  Local court 89073 Ulm

                                  HRA 720907

 Limited partner:

                      Vadium Grundstücksverwaltungsgesellschaft

                      mbH & Co. Vermietungs KG

                      Wilhelm-Theodor-Römheld-Str.

                      30

                      D 55130 Mainz

                      Legal form: Ltd partnership with priv. ltd.

                                  company as general partner

                      Company Status: active

                      Total cap.           EUR              5,000.00

                      contribution:

                      Share:                 EUR              4,700.00

                      Reg. data:  23.12.2008

                                  Local court 55116 Mainz

                                  HRA 40814

 Limited partner:

                      Devisoris Grundstücksverwaltungsgesellschaft

                      mbH & Co. Vermietungs KG

                      Eleonorenstr. 64

                      D 55252 Mainz-Kastel

                      Legal form: Ltd partnership with priv. ltd.

                                  company as general partner

                      Company Status: active

                      Total cap.           EUR              4,700.00

                      contribution:

                      Share:                 EUR              4,700.00

                      Reg. data:  06.03.2008

                                  Local court 65189 Wiesbaden

                                  HRA 8960

 Shareholder:

                      Voith Turbo Vertriebsgesellschaft mbH

                      Alexanderstr. 2

                      D 89522 Heidenheim

                      Legal form: Private limited company

                      Company Status: active

                      Share capital:     EUR          5,114,000.00

                      Share:                 EUR          5,114,000.00

                      Reg. data:  10.12.1993

                                  Local court 89073 Ulm

                                  HRB 661059

 Shareholder:

                      Voith Turbo BHS Getriebe Holding GmbH

                      Hans-Böckler-Str. 7

                      D 87527 Sonthofen

                      Legal form: Private limited company

                      Company Status: active

                      Share capital:     EUR            283,000.00

                      Share:                 EUR            283,000.00

                      Reg. data:  21.12.2010

                                  Local court 87435 Kempten

                                  HRB 10883

 Shareholder:

                      ACIDA GmbH

                      Uersfeld 24

                      D 52072 Aachen

                      Legal form: Private limited company

                      Company Status: active

                      Share capital:     EUR            200,000.00

                      Share:                 EUR            197,900.00

                      Reg. data:  25.08.1998

                                  Local court 52070 Aachen

                                  HRB 7353

 Shareholder:

                      Voith Turbo H + L Hydraulic Verwaltungs GmbH

                      Schuckertstr. 15

                      D 71277 Rutesheim

                      Legal form: Private limited company

                      Company Status: active

                      Share capital:     EUR             32,000.00

                      Share:                 EUR             32,000.00

                      Reg. data:  12.12.1979

                                  Local court 70190 Stuttgart

                                  HRB 253167

 Shareholder:

                      Voith Turbo Antriebstechnik Beteiligungen

                      GmbH

                      Alexanderstr. 2

                      D 89522 Heidenheim

                      Legal form: Private limited company

                      Company Status: active

                      Share capital:     EUR             25,564.59

                      Share:                 EUR             25,564.59

                      Reg. data:  28.10.1997

                                  Local court 89073 Ulm

                                  HRB 661353

 Shareholder:

                      Voith Turbo Verdichtersysteme Verwaltungs

                      GmbH

                      Am Helmgarten 4

                      D 09405 Zschopau

                      Legal form: Private limited company

                      Company Status: active

                      Share capital:     EUR             25,000.00

                      Share:                 EUR             25,000.00

                      Reg. data:  20.02.2007

                                  Local court 09112 Chemnitz

                                  HRB 23337

 Shareholder:

                      Voith Turbo Aufladungssysteme Verwaltungs

                      GmbH

                      Rudolf-Diesel-Str. 1

                      D 39245 Gommern

                      Legal form: Private limited company

                      Company Status: active

                      Share capital:     EUR             25,000.00

                      Share:                 EUR             25,000.00

                      Reg. data:  20.10.2006

                                  Local court 39576 Stendal

                                  HRB 5685

 Shareholder:

                      Voith Turbo HighFlex Verwaltungs GmbH

                      Centrumstr. 2

                      D 45307 Essen

                      Legal form: Private limited company

                      Company Status: active

                      Share capital:     EUR             25,000.00

                      Share:                 EUR             25,000.00

                      Reg. data:  02.10.2006

                                  Local court 45130 Essen

                                  HRB 19458

 Shareholder:

                      LZH Logistic Zollservice Heidenheim GmbH

                      Alexanderstr. 2

                      D 89522 Heidenheim

                      Legal form: Private limited company

                      Company Status: active

                      Share capital:     EUR             51,000.00

                      Share:                 EUR             16,600.00

                      Reg. data:  23.03.2001

                                  Local court 89073 Ulm

                                  HRB 661595

 Shareholder:

                      Voith Turbo SMI Technologies Verwaltungs

                      GmbH

                      Alexanderstr. 2

                      D 89522 Heidenheim

                      Legal form: Private limited company

                      Company Status: active

                      Share capital:     EUR             25,000.00

                      Share:                 EUR             12,750.00

                      Reg. data:  22.01.2008

                                  Local court 89073 Ulm

                                  HRB 721862

 Shareholder:

                      Graduate School Ostwürttemberg GmbH

                      D 89520 Heidenheim

                      Legal form: Private limited company

                      Company Status: active

                      Share capital:     EUR             25,000.00

                      Share:                 EUR              5,000.00

                      Reg. data:  06.04.2010

                                  Local court 89073 Ulm

                                  HRB 724922

 

 Payment experience:    within agreed terms

 

 Negative information:   We have no negative information at hand.

 

REAL ESTATE

 

 Type of ownership:       Tenant

 Address                       Alexanderstr. 2

                                    D 89522 Heidenheim

 

 Land register documents were not available.

 

 

BANKERS

 

 DEUTSCHE BANK, 89502 HEIDENHEIM AN DER BRENZ

 Sort. code: 61370086

 BIC: DEUTDESS613

 KREISSPARKASSE HEIDENHEIM, 89505 HEIDENHEIM AN DER BRENZ

 Sort. code: 63250030

 BIC: SOLADES1HDH

 

 

FINANCIAL FIGURES

 

 Financial year:      01.10. - 30.09.

 

 The number of employees is not known.

 

 

FOREIGN EXCHANGE RATES

 

Currency
Unit

Indian Rupees

US Dollar

1

Rs.63.41

UK Pound

1

Rs.99.30

Euro

1

Rs.79.00                     

 

INFORMATION DETAILS

 

Analysis Done by :

DIV

 

 

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

 

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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.