|
Report Date : |
08.02.2014 |
IDENTIFICATION DETAILS
|
Name : |
CHARLES VÖGELE TRADING AG |
|
|
|
|
Registered Office : |
Gwattstrasse 15, Postfach, 8808
Pfäffikon/SZ |
|
|
|
|
Country : |
|
|
|
|
|
Financials (as on) : |
31.12.2012 (Group) |
|
|
|
|
Year of Establishments: |
1955 |
|
|
|
|
Com. Reg. No.: |
130.0.007.352-0 / 420470 |
|
|
|
|
Legal Form : |
Company limited by shares |
|
|
|
|
Line of Business : |
Subject business activities include services in the administrative,
commercial and computer science area of the Charles Vögele Group. |
|
|
|
|
No. of Employees : |
150-249 employees |
RATING & COMMENTS
|
MIRA’s Rating : |
B |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
|
Status : |
Moderate |
|
|
|
|
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 – december 01, 2013
|
Country Name |
Previous Rating (30.09.2013) |
Current Rating (01.12.2013) |
|
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 recovered in 2010 with 3.0% growth. 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 to 1.9% in 2011 and 0.8% in 2012. 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
Charles Vögele Trading AG
Gwattstrasse 15
Postfach
8808 Pfäffikon/SZ
Switzerland/CH
Telephone: 055
4167111
Fax: 055
4167171
Web
site: http://www.charles-voegele.com
E-mail: service@charles-voegele.com
VAT-No.: CHE107704887
Established: 1955
Line
of Business: Commercial services,
IT services
Industry
Division: Services
Industry-code (NACE): 8299 Other business support service activities
n.e.c.
6201 Computer programming activities
6209 Other information technology and computer
service activities
Banks: unknown
Coverage: Company
Figures: estimated
Employees: 150-249
The business activities includes services in the administrative,
commercial and computer science area of the Charles Vögele Group.
Real
Estate: The company does
not appear to own any property.
Company
No: 130.0.007.352-0 /
420470
Legal
form: Company limited
by shares
Registration: 21.12.1994
Legal
status: active
Responsible
Register: Handelsregister des Kantons
Schwyz
History: Date
of Statutes: 16.09.2002
Date of
Statutes: 30.11.1999
Date of
Statutes: 27.01.1998
Date of
Incorporation Statutes: 19.12.1994
Entry Deleted Name
30.01.1998 Charles
Vögele Trading AG
21.12.1994 30.01.1998 Charles Vögele Informatik AG
Entry Deleted Legal domicile
21.12.1994 Freienbach,
Switzerland
Entry Deleted Address
21.12.1994 Gwattstrasse
15, 8808 Pfäffikon/SZ, Switzerland/CH
Entry Deleted Capital
01.12.1999 Share
Capital CHF 10,000,000, paidup CHF 10,000,000
21.12.1994 01.12.1999 Share Capital CHF 100,000, paidup CHF 100,000
Entry Deleted Capital Structure
01.12.1999 10,000
Registered shares with restricted transferability of CHF 1,000.--
21.12.1994 01.12.1999 100 Registered shares with restricted
transferability of CHF 1,000.--
Entry Deleted Activity (original Language)
17.09.2002 Erbringung
von zentralen Dienstleistungen im Verwaltungs-, Einkaufs- und Informatikbereich
der Charles Vögele-Gruppe; stellt die EDV-Infrastruktur der Charles
Vögele-Gruppe zur Verfügung und kann Outsourcing-Dienstleistungen auf dem
Gebiet der Datenverarbeitung erbringen; kann sich an anderen Unternehmen
beteiligen, Grundstücke erwerben und anderen Gesellschaften der Charles
Vögele-Gruppe Darlehen oder andere Finanzierungen gewähren und für
Verbindlichkeiten von solchen anderen Gesellschaften Sicherheiten aller Art
stellen, einschliesslich mittels Pfandrechten an oder fiduziarischen
Übereignungen von Aktiven der Gesellschaft oder Garantien jedwelcher Art.
30.01.1998 17.09.2002 Erbringung von zentralen Dienstleistungen im
Verwaltungs-, Einkaufs- und Informatikbereich der Charles Vögele Gruppe; stellt
die EDV Infrastruktur der Charles Vögele Gruppe zur Verfügung und kann
Outsourcing-Dienstleistungen auf dem Gebiet der Datenverarbeitung erbringen;
kann sich an anderen Unternehmungen beteiligen, Garantien und Bürgschaften für
verbundene Unternehmen und Dritte eingehen sowie Grundstücke erwerben.
21.12.1994 30.01.1998 Erbringung von Outsourcing-Dienstleistungen
auf dem Gebiet der Datenverarbeitung und Zurverfügungstellung der
Infrastruktur; kann auch Grundeigentum erwerben, halten und veräussern und sich
an anderen Unternehmungen beteiligen.
Entry Deleted Remarks (original Language)
11.06.2010 Merger:
Übernahme der Aktiven und Passiven der Prodress AG (CH-130.0.006.235-6), in
Pfäffikon SZ, Gemeinde Freienbach, gemäss Fusionsvertrag vom 4.5.2010 und
Bilanz per 31.12.2009. Aktiven von CHF 19'547'853.27 und Fremdkapital von CHF
408'748.17 gehen auf die übernehmende Gesellschaft über. Da dieselben Aktionäre
sämtliche Aktien der an der Fusion beteiligten Gesellschaften halten, findet
weder eine Kapitalerhöhung noch eine Aktienzuteilung statt.
21.12.1994 Publishing
authority: SHAB.
21.12.1994 Shares:
Die Übertragbarkeit der Namenaktien ist nach Massgabe der Statuten beschränkt.
11.05.2010 11.06.2010 Merger: Übernahme der Aktiven und Passiven der
Prodress AG ( CH-130.0.006.235-6 ), in Pfäffikon, Gemeinde Freienbach, gemäss
Fusionsvertrag vom 4.5.2010 und Bilanz per 31.12.2009. Aktiven von CHF
446'809'141.54 und Fremdkapital von CHF 70'530'256.67 gehen auf die
übernehmende Gesellschaft über. Da dieselben Aktionäre sämtliche Aktien der an
der Fusion beteiligten Gesellschaften halten, findet weder eine Kapitalerhöhung
noch eine Aktienzuteilung statt.
Title Name
President Markus
Voegeli, Origin: Zürich, Zauggenried, Switzerland, Residential address: 8700
Küsnacht /ZH, Switzerland, joint signature of two, Registered since: 20.11.2009
Director Beatrice
Grünwald, Origin: Germany, Residential address: Gommiswald, Switzerland, joint
signature of two, Registered since: 15.01.2014
Director Matthias
Wunderlin, Origin: Zeiningen, Switzerland, Residential address: Zürich,
Switzerland, joint signature of two, Registered since: 15.01.2014
Title Name
Vice-Director Thomas Friedrich
Beckmann, Origin: Germany, Residential address: 6403 Küssnacht /SZ,
Switzerland, joint signature of two, Registered since: 31.10.2006
Vice-Director Jürg Bieri,
Origin: Schangnau, Switzerland, Residential address: Bassersdorf, Switzerland,
joint signature of two, Registered since: 29.06.2000
Vice-Director Nicole Isabelle
Borel, Origin: Riehen, Switzerland, Residential address: Zollikon, Switzerland,
joint signature of two, Registered since: 11.10.2011
Vice-Director Karin Busnel-Knappertsbusch,
Origin: Germany, Residential address: Wädenswil, Switzerland, joint signature
of two, Registered since: 03.10.2012
Vice-Director Sebastiaan
Johannes Maria Duijsens, Origin: Netherlands, Residential address: 8832
Wollerau/SZ, Switzerland, joint signature of two, Registered since: 13.09.2010
Vice-Director Michael Fenzl,
Origin: Germany, Residential address: 8807 Freienbach/SZ, Switzerland, joint
signature of two, Registered since: 13.09.2010
Vice-Director Martin Graf,
Origin: Zürich, Grub AR, Switzerland, Residential address: Meilen, Switzerland,
joint signature of two, Registered since: 27.01.2003
Vice-Director Michael Hofmann,
Origin: Germany, Residential address: Freienbach, Switzerland, joint signature
of two, Registered since: 03.06.1998
Vice-Director Heinrich Kälin,
Origin: Einsiedeln, Switzerland, Residential address: Pfäffikon/SZ,
Switzerland, joint signature of two, Registered since: 03.06.1998
Vice-Director Rudolf Peter
Scheben, Origin: Germany, Residential address: Freienbach, Switzerland, joint
signature of two, Registered since: 13.09.2010
Vice-Director Johannes
Ferdinand Schuller, Origin: Germany, Residential address: Feusisberg,
Switzerland, joint signature of two, Registered since: 24.02.2012
Vice-Director Hans Peter
Thomas, Origin: Germany, Residential address: 8808 Pfäffikon /SZ, Switzerland,
joint signature of two, Registered since: 13.09.2010
Vice-Director Giacomo Tovena,
Origin: Breitenbach, Switzerland, Residential address: Meilen, Switzerland,
joint signature of two, Registered since: 05.02.2002
Vice-Director Wolfgang
Zumkeller, Origin: Germany, Residential address: Kilchberg/ZH, Switzerland,
joint signature of two, Registered since: 24.02.2012
Member
with signing authority Jessica
Grossmann, Origin: Germany, Residential address: Glarus Süd, Switzerland, joint
signature of two, Registered since: 18.10.2013
Member
with signing authority Max E. Katz,
Origin: Zürich, Switzerland, Residential address: Rüschlikon, Switzerland,
joint signature of two, Registered since: 03.10.2012
Member
with signing authority Claudia
Kirschke, Origin: Germany, Residential address: 8808 Pfäffikon /SZ,
Switzerland, joint signature of two, Registered since: 28.05.2009
Member
with signing authority Valérie
Klemenz, Origin: France, Residential address: Freienbach, Switzerland, joint
signature of two, Registered since: 28.12.2012
Member
with signing authority Ramona
Jeannine Leuener, Origin: Sennwald, Switzerland, Residential address: Zürich,
Switzerland, joint signature of two, Registered since: 18.10.2013
Member
with signing authority Birgit
Meier-Hobmeier, Origin: Zürich, Switzerland, Residential address: Uitikon,
Switzerland, joint signature of two, Registered since: 27.02.2013
Member
with signing authority Andreas Ott,
Origin: Schwyz, Switzerland, Residential address: Wollerau, Switzerland, joint
signature of two, Registered since: 03.10.2012
Member
with signing authority Manuela
Stoiber, Origin: Germany, Residential address: Opfikon, Switzerland, joint
signature of two, Registered since: 28.12.2012
Member
with signing authority Thorsten
Benjamin Stutzmann, Origin: Germany, Residential address: Fällanden,
Switzerland, joint signature of two, Registered since: 30.08.2011
Member
with signing authority Patrizia
Barbara Vetter, Origin: Arlesheim, Switzerland, Residential address: Arlesheim,
Switzerland, joint signature of two, Registered since: 30.08.2011
Member
with signing authority Hans Ziegler,
Origin: Neuheim, Switzerland, Residential address: Feusisberg, Switzerland,
joint signature of two, Registered since: 20.11.2009
Member
with procuration Peter
Bühler, Origin: Ettiswil, Menznau, Switzerland, Residential address:
Unterägeri, Switzerland, joint signature of two, Registered since: 27.01.2003
Member
with procuration Barbara
Gabour, Origin: Amriswil, Switzerland, Residential address: Uetikon am See,
Switzerland, joint signature of two, Registered since: 20.04.2007
Member
with procuration Patrick
Trümpler, Origin: Zürich, Rüschikon, Switzerland, Residential address:
Auslikon, Switzerland, joint signature of two, Registered since: 30.01.2004
Title Name
Auditor PricewaterhouseCoopers
AG, Residential address: Zürich, Switzerland, Id: CHE-106.839.438, Registered
since: 07.07.2003
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.
CHF th. CHF th. CHF th. CHF th.
CHF
Statement norm: IAS IAS IAS IAS IAS
Balance Sheet
Intangible fixed
assets 43,121.0 45,195.0 82,409.0 82,777.0 83,144.0
Land and buildings 135,300.0 140,546.0 146,203.0 157,448.0 170,015.0
Other tangible
fixed assets 138,669.0 200,300.0 206,624.0 242,906.0 258,399.0
Tangible fixed
assets 273,969.0 340,846.0 352,827.0 400,354.0 428,414.0
Financial fixed
assets 115.0 115.0 759.0 600.0 1,157.0
other fixed assets 6,146.0 5,567.0 4,857.0 5,638.0 7,240.0
Fixed assets 323,351.0 391,723.0 440,852.0 489,369.0 519,955.0
Stocks 183,606.0 211,974.0 150,365.0 173,022.0 282,628.0
Trade accounts
receivable 15,116.0 16,528.0 14,361.0 14,092.0 27,973.0
Liquid assets 87,009.0 109,553.0 129,529.0 127,649.0 47,947.0
Securities 9,252.0
other trade
accounts 18,336.0 10,204.0 6,321.0
Accruals 2,689.0 2,714.0 3,003.0 3,645.0 6,843.0
Other current
assets 89,698.0 121,519.0 150,868.0 141,498.0 61,111.0
Current assets 288,420.0 350,021.0 315,594.0 328,612.0 371,712.0
Total assets 611,771.0 741,744.0 756,446.0 817,981.0 891,667.0
Capital 26,400.0 26,400.0 30,800.0 30,800.0 35,200.0
Other shareholders
funds 207,998.0 329,547.0 441,829.0 453,345.0 460,169.0
Total shareholders
equity 234,398.0 355,947.0 472,629.0 484,145.0 495,369.0
Minority interests 0.0 0.0 0.0 0.0 0.0
long term debt
(financial debts) 197,478.0 15,842.0 64,659.0 106,500.0 159,458.0
Provisions 6,477.0 6,581.0 6,201.0 6,747.0 6,874.0
Other non current
liabilities 26,599.0 32,603.0 30,200.0 65,811.0 75,927.0
Non current
liabilities 230,554.0 55,026.0 101,060.0 179,058.0 242,259.0
short term debt
(financial debts) 4,798.0 227,650.0 38,705.0 3,383.0 2,845.0
Trade accounts
payable 61,482.0 37,473.0 40,725.0 47,926.0 53,303.0
Provisions 5,374.0 1,310.0 9,254.0 6,063.0 456.0
Accruals 35,312.0 29,612.0 35,571.0 44,931.0 42,455.0
other accounts
payable 39,853.0 34,726.0 58,502.0 52,475.0 54,980.0
other current
liabilities 80,539.0 65,648.0 103,327.0 103,469.0 97,891.0
Current
liabilities 146,819.0 330,771.0 182,757.0 154,778.0 154,039.0
Shareh. equity,
min. interests + liabilities 611,771.0 741,744.0 756,446.0 817,981.0 891,667.0
Profit and loss
account
Sales 1,148,543.0 1,207,192.0 1,416,016.0 1,547,940.0 1,606,794.0
Reduction of
proceeds 176,710.0 190,967.0 217,790.0 237,692.0 242,829.0
Net sales 971,833.0 1,016,225.0 1,198,226.0 1,310,248.0 1,363,965.0
Other operating
revenue 6,589.0 4,091.0 4,577.0 4,536.0 2,686.0
Operating revenue 978,422.0 1,020,316.0 1,202,803.0 1,314,784.0 1,366,651.0
Cost of goods sold 370,055.0 391,268.0 397,628.0 508,232.0 473,191.0
Gross profit 608,367.0 629,048.0 805,175.0 806,552.0 893,460.0
Other operating expenses 707,816.0 742,736.0 767,539.0 802,468.0 845,905.0
Operating result -99,449.0 -113,688.0 37,636.0 4,084.0 47,555.0
Interest revenues 407.0 717.0 723.0 333.0 921.0
other financial
revenues 966.0 0.0 73.0 501.0 417.0
Financial income 1,373.0 717.0 796.0 834.0 1,338.0
Interest expenses 10,162.0 3,010.0 5,206.0 7,351.0 10,526.0
other financial
expenses 0.0 2,509.0 4,235.0 475.0 5,304.0
Financial expenses 10,162.0 5,519.0 9,441.0 7,826.0 15,830.0
Financial result -8,789.0 -4,802.0 -8,645.0 -6,992.0 -14,492.0
Result before
extraordinary items -108,238.0 -118,490.0 28,991.0 -2,908.0 33,063.0
Extraordinary
income 0.0
Extraordinary
expenses 0.0
Extraordinary
Result 0.0 0.0 0.0 0.0 0.0
Result before
taxes -108,238.0 -118,490.0 28,991.0 -2,908.0 33,063.0
Taxes 1,205.0 656.0 11,220.0 10,835.0 20,717.0
Result before
minority interests -109,443.0 -119,146.0 17,771.0 -13,743.0 12,346.0
minority interests 0.0 0.0 0.0 0.0 0.0
Result for the
financial year -109,443.0 -119,146.0 17,771.0 -13,743.0 12,346.0
Cash flow
Depreciation 82,443.0 92,547.0 71,897.0 63,860.0 64,702.0
Cash flow -27,000.0 -26,599.0 89,668.0 50,117.0 77,048.0
Cash flow from
operating activities 28,546.0 -108,075.0 88,078.0 187,688.0 103,454.0
Investments in
tangible fixed assets 12,314.0 46,462.0 3,834.0 44,627.0 72,259.0
Cash flow from
investing activities -13,578.0 -49,091.0 -45,823.0 -45,540.0 -79,186.0
Cash flow from
financing activities -37,613.0 138,462.0 -35,571.0 -62,068.0 96.0
Others 101.0 -1,272.0 -4,804.0 -378.0 -3,545.0
Change in
liquidity -22,544.0 -19,976.0 1,880.0 79,702.0 20,819.0
Liquidity at
beginning of the year 109,553.0 129,529.0 127,649.0 47,947.0 27,128.0
Liquidity at end
ot the year 87,009.0 109,553.0 129,529.0 127,649.0 47,947.0
Notes
Material costs 370,005.0 391,268.0 397,628.0 508,232.0 473,191.0
Cost of employees 252,950.0 267,932.0 291,980.0 309,169.0 320,785.0
Added value 237,317.0 244,999.0 398,074.0 377,472.0 429,076.0
Working Capital 137,240.0 191,029.0 124,001.0 139,188.0 257,298.0
Sales per Employee 144.1 139.6 163.1 169.5 172.9
Market
capitalisation 145,000.0 161,920.0 472,560.0 325,600.0 242,000.0
Gross cost land
and buildings 252,038.0 253,873.0 255,069.0 264,867.0 274,357.0
Gross cost other
tangible fixed assets 480,610.0 489,036.0 495,770.0 558,642.0 537,888.0
Gross cost total 732,648.0 742,909.0 750,839.0 823,509.0 812,245.0
Insurance value
total 677,700.0 682,200.0 689,000.0 775,400.0 747,900.0
Employees at year end 6,743 7,279 7,345 7,729 7,888
Full time units
average 4,560 4,690 4,861 5,036 5,071
Employees inland 1,888 2,016 2,293 1,790 1,932
Employees abroad 5,247 5,263 5,052 5,939 5,956
Offices 812 817 826 857 851
Offices inland 170 168 168 169 165
Offices abroad 642 649 658 688 686
Name: Charles Vögele Holding
AG
City/Country: Pfäffikon/SZ, Switzerland/CH
No.
of Owner/-s: 1
Owner: The company is domestic
owned.
Class: 100%
Type: direct, Group-Level
1
Name: Charles Vögele Holding
AG
City/Country: Pfäffikon/SZ, Switzerland/CH
Interest: 100,00% voting right,
100,00% capital interest
Name: Charles Voegele Ceska
sro
City/Country: Prag, Czech/CZ
Name: Charles Voegele Polska
spzoo
City/Country: Warschau, Poland/PL
Name: CHARLES VÖGELE
(AUSTRIA) AG
City/Country: Australia/AU
Name: Charles Vögele
(Belgium) N.V.
City/Country: Turnhout, Belgium/BE
Name: Charles Vögele
Deutschland GmbH
City/Country: Sigmaringen, Germany/DE
Name: Charles Vögele Fashion
(HK) Limited
City/Country: Tsim Sha Tsui East/Kowloon,
Hong Kong/HK
Name: Charles Vögele
Hungària Kereskedelmi Kft
City/Country: Budapest, Hungary/HU
Name: Charles Vögele Import
GmbH
City/Country: Lehrte, Germany/DE
Name: Charles Vögele Mode AG
City/Country: Pfäffikon SZ/SZ, Switzerland/CH
Name: Charles Vögele
(Netherlands) BV
City/Country: Utrecht, Netherlands/NL
Name: Charles Vögele Store
Management AG
City/Country: Pfäffikon SZ/SZ, Switzerland/CH
Name: Charles Vögele
trgovina s tekstilom doo
City/Country: Lubljana, Slovenia/SI
Name: Cosmos Mode AG,
Pfäffikon
City/Country: Pfäffikon SZ/SZ, Switzerland/CH
Name: MacFash GmbH
City/Country: Pfäffikon SZ/SZ, Switzerland/CH
It is believed that the company has no investments.
Control date Year No. Amount CHF Status
29.08.2011 2011 0
31.12.2010 2010 0
31.12.2009 2009 0
31.12.2008 2008 0
31.12.2007 2007 0
31.12.2006 2006 0
31.12.2005 2005 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
Statements: The company does not
disclose any financial statements. Third parties are not permitted any insight
into the financial affairs. It is therefore difficult to make a proper
assessment of the actual situation.
Financial
Situation: The financial situation
is considered to be in order.
Payment
experiences: Financial obligations are
met in an orderly manner.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.62.32 |
|
UK Pound |
1 |
Rs.101.78 |
|
Euro |
1 |
Rs.84.68 |
INFORMATION DETAILS
|
Report Prepared
by : |
MNL |
RATING EXPLANATIONS
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
>86 |
Aaa |
Possesses an extremely sound financial base with the strongest capability
for timely payment of interest and principal sums |
Unlimited |
|
71-85 |
Aa |
Possesses adequate working capital. No caution needed for credit
transaction. It has above average (strong) capability for payment of interest
and principal sums |
Large |
|
56-70 |
A |
Financial & operational base are regarded healthy. General
unfavourable factors will not cause fatal effect. Satisfactory capability for
payment of interest and principal sums |
Fairly Large |
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
26-40 |
B |
Capability to
overcome financial difficulties seems comparatively below average. |
Small |
|
11-25 |
Ca |
Adverse factors are apparent. Repayment of interest and principal sums
in default or expected to be in default upon maturity |
Limited with
full security |
|
<10 |
C |
Absolute credit risk exists. Caution needed to be exercised |
Credit not
recommended |
|
-- |
NB |
New Business |
-- |
This score serves as a reference to assess SC’s credit risk
and to set the amount of credit to be extended. It is calculated from a
composite of weighted scores obtained from each of the major sections of this report.
The assessed factors and their relative weights (as indicated through %) are as
follows:
Financial
condition (40%) Ownership
background (20%) Payment
record (10%)
Credit history
(10%) Market trend
(10%) Operational
size (10%)
This report is issued at your request without any
risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL)
or its officials.