MIRA INFORM REPORT

 

 

Report Date :

14.02.2014

 

IDENTIFICATION DETAILS

 

Name :

HELLMANN WORLDWIDE LOGISTICS GMBH & CO. KG

 

 

Registered Office :

Elbestr. 1-40, D 49090 Osnabrück

 

 

Country :

Germany

 

 

Date of Incorporation :

15.03.1913

 

 

Com. Reg. No.:

HRA 3760

 

 

Legal Form :

Ltd Partnership With Priv. Ltd. Company As

 

 

LINE OF BUSINESS :

·         OTHER ACTIVITIES OF HEAD OFFICE.

·         SUBJECT ACTS AS ADMINISTRATOR OF COMMERCIAL COMPANIES ESPECIALLY

 

 

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 :

Satisfactory

 

 

Payment Behaviour :

Slow but correct

 

 

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)

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, contributed to strong growth in 2006 and 2007 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 6.5% in 2012. GDP contracted 5.1% in 2009 but grew by 4.2% in 2010, and 3.0% in 2011, before dipping to 0.7% in 2012 - a reflection of low investment spending due to crisis-induced uncertainty and the decreased demand for German exports from recession-stricken periphery countries. 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. 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. By 2014, the federal government wants to balance its budget. 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 and address

 

Hellmann Worldwide Logistics GmbH & Co. KG

Elbestr. 1-40

D 49090 Osnabrück

Telephone:        0541/6050

Telefax:             0541/6051211

Homepage:        www.hellmann.net

E-mail:              info@de.hellmann.net

 

 

VAT no            

 

DE117659402

 

 

Tax ID number      

 

66/202/00803

 

 

CONCLUSION

 

Business relations are permissible.

 

 

Company details

 

LEGAL FORM               Ltd partnership with priv. ltd. company as

general partner

Date of foundation:         01.04.1906

Begin of business

activities:                       15.03.1913

Registered on:               15.03.1913

Register of

companies:                   Local court 49074 Osnabrück

under:                                       HRA 3760

 

Total cap. contribution:                EUR         10,691,113.24

 

 

 

 

 

Limited partner

 

Limited partner:

                      Jost Hellmann

                      Humannstr. 34

                      D 22609 Hamburg

                      born: 29.01.1953

                      Share:             EUR          5,345,556.62

 Limited partner:

                      Klaus Hellmann

                      Prof.-Haack-Str. 21

                      D 49076 Osnabrück

                      born: 03.01.1949

                      Share:             EUR          5,345,556.62

 

 

 General partner

 

                      Beteiligungsgesellschaft Hellmann mit

                      beschränkter Haftung

                      Elbestr. 1-40

                      D 49090 Osnabrück

                      Legal form: Private limited company

                      Share capital:     EUR             51,129.19

                      Registered on: 04.03.1968

                      Reg. data: 49074 Osnabrück, HRB 1313

 

 

 Shareholder

 

                      Hellmann Worldwide Logistics GmbH & Co. KG

                      Elbestr. 1-40

                      D 49090 Osnabrück

                      Legal form: Ltd partnership with priv. ltd.

                      company as general partner

                      Total cap.         EUR         10,691,113.24

                      contribution:

                      Share:             EUR             51,129.19

                      Registered on: 15.03.1913

                      Reg. data: 49074 Osnabrück, HRA 3760

 

 

 Manager

 

                      Jost Hellmann

                      Humannstr. 34

                      D 22609 Hamburg

                      born: 29.01.1953

                      Profession: Businessman

                      Marital status: married

 Manager:

                      Klaus Hellmann

                      Prof.-Haack-Str. 21

                      D 49076 Osnabrück

                      born: 03.01.1949

                      Profession: Businessman

                      Marital status: married

 

 

 General partner

 

                      Hellmann Beteiligungen KG

                      Elbestr. 1-40

                      D 49090 Osnabrück

                      Legal form: Limited partnership

                      Total cap.         EUR             25,564.59

                      contribution:

                      Registered on: 06.04.2000

                      Reg. data: 49074 Osnabrück, HRA 6380

 

 General partner:

                      Klaus Hellmann

                      Prof.-Haack-Str. 21

                      D 49076 Osnabrück

                      born: 03.01.1949

                      Profession: Businessman

                      Marital status: married

 

 

 Limited partner

 

                      Hellmann Vermögensverwaltung GmbH

                      Elbestr. 1

                      D 49090 Osnabrück

                      Legal form: Private limited company

                      Share capital:     EUR             25,000.00

                      Share:             EUR             25,564.59

                      Registered on: 01.12.1999

                      Reg. data: 49074 Osnabrück, HRB 19008

 

 

 Proxy

 

                      Peter Sohr

                      Forstweg 14 Waldsteinberg

                      D 04821 Brandis

                      having sole power of representation

                      born: 03.05.1953

                      deceased: 10.05.2013

                      Profession: Fully qualified Economist

                      Marital status: married

 Proxy:

                      Manfred Fischer

                      Grußendorfstr. 2

                      D 49090 Osnabrück

                      born: 24.12.1952 in Georgsmarienhütte

 Proxy:

                      Walter Baarts

                      Am Werksberg 58

                      D 49086 Osnabrück

 Proxy:

                      Hartmut Krehenbrink

                      D 49134 Wallenhorst

                      having sole power of representation

                      born: 17.09.1947

 Proxy:

                      Stefan Wimmer

                      D 49074 Osnabrück

                      authorized to jointly represent the company

                      born: 30.05.1962

 Proxy:

                      René Stöcker

                      D 49074 Osnabrück

                      authorized to jointly represent the company

                      born: 20.06.1966

                      Profession: Fully qualified merchant

 Proxy:

                      Werner Plicht

                      D 49134 Wallenhorst

                      born: 01.05.1949

 Proxy:

                      Jens Tarnowski

                      D 78579 Neuhausen

                      authorized to jointly represent the company

                      born: 02.11.1965

 Proxy:

                      Norbert Rennings

                      Zum Schäferhof 32

                      D 49088 Osnabrück

 Proxy:

                      Carsten Fuhlendorf

                      D 20095 Hamburg

                      having sole power of representation

                      born: 09.02.1967

 Proxy:

                      Udo Gütlinger

                      Am Grund 4

                      D 33813 Oerlinghausen

                      having sole power of representation

                      born: 15.02.1963

 Proxy:

                      Götz Hanningsmann

                      D 49090 Osnabrück

                      having sole power of representation

                      born: 28.01.1975

 Proxy:

                      Kai Hasenpusch

                      D 28844 Weyhe

                      authorized to jointly represent the company

                      born: 07.02.1968

 Proxy:

                      Wilfried Hesselmann

                      D 49205 Hasbergen

                      having sole power of representation

                      born: 17.11.1956

 

 

 COMPANY HISTORY

 

 15.03.1913 - 07.01.1999  Gebr. Hellmann GmbH & Co. KG

                          Elbestr. 1-40

                          D 49090 Osnabrück

                          Ltd partnership with priv. ltd. company

                          as general partner

 

 

 BUSINESS ACTIVITIES

 

 Main industrial sector

 70109   Other activities of head offices

 

 

 BRANCHES AND FACTORIES

 

 Branch:

                      Hellmann Worldwide Logistics GmbH & Co. KG

                      Industriestr. 100

                      D 21107 Hamburg

                      TEL.: 040/753700

                      FAX.: 040/75372415

 Branch:

                      Hellmann Worldwide Logistics GmbH & Co. KG

                      Mutschlenaer Str. 14

                      D 04509 Krostitz

                      TEL.: 034295-76100

                      FAX.: 034295-76125

                      Reg. entry: 07.10.2003

 Branch:

                      Hellmann Worldwide Logistics GmbH & Co. KG

                      Ludwig-Erhard-Str. 7

                      D 28197 Bremen

                      TEL.: 0421/52200

                      Reg. entry: 02.06.1997

 Branch:

                      Hellmann Worldwide Logistics GmbH & Co. KG

                      Langer Kornweg 32

                      D 65451 Kelsterbach

                      TEL.: 06107/767-0

 Branch:

                      Hellmann Worldwide Logistics GmbH & Co. KG

                      Boschstr. 56

                      D 49661 Cloppenburg

                      TEL.: 04471/9487-0

                      Reg. entry: 10.02.1975

 Branch:

                      Hellmann Worldwide Logistics GmbH & Co. KG

                      Friedrich-Hagemann-Str. 40

                      D 33719 Bielefeld

                      TEL.: 0521/29300

 Branch:

                      Hellmann Worldwide Logistics GmbH & Co. KG

                      August-Wilhelm-Kühnholz-Str.

                      21

                      D 26135 Oldenburg

                      TEL.: 0441/200070

                      FAX.: 0441/2000717

                      Reg. entry: 07.03.1977

 Branch:

                      Hellmann Worldwide Logistics GmbH & Co. KG

                      Europastr. 1

                      D 31275 Lehrte

                      TEL.: 05132/8580

                      FAX.: 05132/8585200

 Branch:

                      Hellmann Worldwide Logistics GmbH & Co. KG

                      Flughafen Stuttgart

                      D 70629 Stuttgart

                      TEL.: 0711/948-4696

                      FAX.: 0711/948-4141

 Branch:

                      Hellmann Worldwide Logistics GmbH & Co. KG

                      Flughafenstr. 1 Cargo-Center

                      Block D

                      D 40474 Düsseldorf

                      TEL.: 0211/4170910

 Branch:

                      Hellmann Worldwide Logistics GmbH & Co. KG

                      Am Kanal 2-4

                      D 49549 Ladbergen

                      TEL.: 05485/8337-0

                      Reg. entry: 06.07.2004

 Branch:

                      Hellmann Worldwide Logistics GmbH & Co. KG

                      Rudolf-Diesel-Str. 12

                      D 54516 Wittlich

                      TEL.: 06571/918-0

                      FAX.: 06571/918-300

 Branch:

                      Hellmann Worldwide Logistics GmbH & Co. KG

                      D 56751 Polch

                      TEL.: 02654/94880

 Branch:

                      Hellmann Worldwide Logistics GmbH & Co. KG

                      D 66538 Neunkirchen

 Branch:

                      Hellmann Worldwide Logistics GmbH & Co. KG

                      D 30159 Hannover

 Branch:

                      Hellmann Worldwide Logistics GmbH & Co. KG

                      D 60308 Frankfurt

 Branch:

                      Hellmann Worldwide Logistics GmbH & Co. KG

                      D 80331 München

 Branch:

                      Hellmann Worldwide Logistics GmbH & Co. KG

                      D 90402 Nürnberg

 Branch:

                      Hellmann Worldwide Logistics GmbH & Co. KG

                      D 19089 Crivitz

 Branch:

                      Hellmann Worldwide Logistics GmbH & Co. KG

                      D 84088 Neufahrn

 Branch:

                      Hellmann Worldwide Logistics GmbH & Co. KG

                      D 39171 Sülzetal

                      Reg. entry: 15.03.1913

 Branch:

                      Hellmann Worldwide Logistics GmbH & Co. KG

                      Am Unkelstein 40

                      D 47059 Duisburg

                      TEL.: 0203/713880

 Branch:

                      Hellmann Worldwide Logistics GmbH & Co. KG

                      Dornierstr. 9

                      D 49090 Osnabrück

 Branch:

                      Hellmann Worldwide Logistics GmbH & Co. KG

                      Am Patbergschen Dorn 9

                      D 59929 Brilon

                      TEL.: 02961/962810

 Branch:

                      Hellmann Worldwide Logistics GmbH & Co. KG

                      Gewerbestr. 5

                      D 26845 Nortmoor

                      TEL.: 04950/990020

 Branch:

                      Hellmann Worldwide Logistics GmbH & Co. KG

                      Werner-Habig-Str. 1

                      D 59302 Oelde

                      TEL.: 02522/772120

 Branch:

                      Hellmann Worldwide Logistics GmbH & Co. KG

                      Am Giener 2

                      D 55268 Nieder-Olm

                      TEL.: 06136/76625

 

 

 PARTICIPATIONS

 

 General partner:

                      VAMED Management & Service GmbH, Dussmann

                      Beteiligungs- und Managmentgesellschaft mbH,

                      Hellmann Worldwide Logistics GmbH & Co. KG

                      Schicklerstr. 5-7

                      D 10179 Berlin

                      Legal form: Partnership under the Civil Code

                      Company Status: active

 Limited partner:

                      KUROS Verwaltung GmbH & Co. Objekt

                      Osterweddingen KG

                      Emil-Riedl-Weg 6

                      D 82049 Pullach

                      Legal form: Ltd partnership with priv. ltd.

                                  company as general partner

                      Company Status: active

                      Total cap.         EUR          2,300,813.46

                      contribution:

                      Share:             EUR          2,277,805.33

                      Reg. data:  13.01.1997

                                  Local court 80333 München

                                  HRA 71391

 Limited partner:

                      Rhenus & Hellmann GmbH & Co. KG

                      Am Steinberg 14

                      D 09603 Großschirma

                      Legal form: Ltd partnership with priv. ltd.

                                  company as general partner

                      Company Status: active

                      Total cap.         EUR          1,150,000.00

                      contribution:

                      Share:             EUR            575,000.00

                      Reg. data:  29.06.1992

                                  Local court 09112 Chemnitz

                                  HRA 794

 Limited partner:

                      Hellmann East Europe GmbH & Co. KG

                      Elbestr. 1-40

                      D 49090 Osnabrück

                      Legal form: Ltd partnership with priv. ltd.

                                  company as general partner

                      Company Status: active

                      Total cap.         EUR            500,000.00

                      contribution:

                      Share:             EUR            255,000.00

                      Reg. data:  01.11.2007

                                  Local court 49074 Osnabrück

                                  HRA 200854

 Limited partner:

                      Hellmann eCommerce GmbH & Co. KG

                      Hafenstr. 11

                      D 49090 Osnabrück

                      Legal form: Ltd partnership with priv. ltd.

                                  company as general partner

                      Company Status: active

                      Total cap.         EUR            100,000.00

                      contribution:

                      Share:             EUR             50,000.00

                      Reg. data:  06.03.2007

                                  Local court 49074 Osnabrück

                                  HRA 200517

 Limited partner:

                      Hellmann Ersatzteillogistik GmbH & Co. KG.

                      Elbestr. 1

                      D 49090 Osnabrück

                      Legal form: Ltd partnership with priv. ltd.

                                  company as general partner

                      Company Status: active

                      Total cap.         EUR             40,000.00

                      contribution:

                      Share:             EUR             40,000.00

                      Reg. data:  08.03.2011

                                  Local court 49074 Osnabrück

                                  HRA 202583

 Limited partner:

                      LH Bekleidungsgesellschaft mbH & Co. KG

                      Edmund-Rumpler-Str. 8-10

                      D 51149 Köln

                      Legal form: Ltd partnership with priv. ltd.

                                  company as general partner

                      Company Status: active

                      Total cap.         EUR             25,000.00

                      contribution:

                      Share:             EUR             12,500.00

                      Reg. data:  22.10.2008

                                  Local court 50939 Köln

                                  HRA 26319

 Limited partner:

                      Night Star Express Hellmann & Honold GmbH &

                      Co. KG

                      Ernst-Abbe-Str. 5-7

                      D 89231 Neu-Ulm

                      Legal form: Ltd partnership with priv. ltd.

                                  company as general partner

                      Company Status: active

                      Total cap.         EUR             25,000.00

                      contribution:

                      Share:             EUR             12,500.00

                      Reg. data:  28.01.2008

                                  Local court 87700 Memmingen

                                  HRA 11595

 

 

 Shareholder

 

                      Hellmann International Forwarders GmbH

                      Elbestr. 1-40

                      D 49090 Osnabrück

                      Legal form: Private limited company

                      Company Status: active

                      Share capital:     EUR          4,400,000.00

                      Share:             EUR          4,400,000.00

                      Reg. data:  17.10.1988

                                  Local court 49074 Osnabrück

                                  HRB 16115

 Shareholder:

                      System Alliance GmbH

                      Industriestr. 5

                      D 36272 Niederaula

                      Legal form: Private limited company

                      Company Status: active

                      Share capital:     EUR          2,685,200.00

                      Share:             EUR            383,600.00

                      Reg. data:  11.02.1992

                                  Local court 36251 Bad Hersfeld

                                  HRB 480

 Shareholder:

                      Beteiligungsgesellschaft Hellmann mit

                      beschränkter Haftung

                      Elbestr. 1-40

                      D 49090 Osnabrück

                      Legal form: Private limited company

                      Company Status: active

                      Share capital:     EUR             51,129.19

                      Share:             EUR             51,129.19

                      Reg. data:  04.03.1968

                                  Local court 49074 Osnabrück

                                  HRB 1313

 Shareholder:

                      EUROS Versicherungssysteme GmbH Gesellschaft

                      für Versicherungsvermittlung

                      Elbestr. 1-40

                      D 49090 Osnabrück

                      Legal form: Private limited company

                      Company Status: active

                      Share capital:     EUR             50,000.00

                      Share:             EUR             49,750.00

                      Reg. data:  05.11.1999

                                  Local court 49074 Osnabrück

                                  HRB 18989

 Shareholder:

                      Hellmann Worldwide Logistics GmbH

                      Friedrich-Hagemann-Str. 40

                      D 33719 Bielefeld

                      Legal form: Private limited company

                      Company Status: active

                      Share capital:     EUR             35,790.43

                      Share:             EUR             34,767.85

                      Reg. data:  06.04.1999

                                  Local court 33602 Bielefeld

                                  HRB 30156

 Shareholder:

                      NIGHT STAR EXPRESS GmbH Logistik

                      Heinrich-Hertz-Str. 1

                      D 59423 Unna

                      Legal form: Private limited company

                      Company Status: active

                      Share capital:     EUR            210,000.00

                      Share:             EUR             30,000.00

                      Reg. data:  28.07.1993

                                  Local court 59065 Hamm

                                  HRB 3547

 Shareholder:

                      NELKE-NICOLAI Spedition Verwaltungs-GmbH

                      An der Autobahn 1

                      D 39171 Sülzetal

                      Legal form: Private limited company

                      Company Status: active

                      Share capital:     EUR             25,564.59

                      Share:             EUR             25,564.59

                      Reg. data:  10.12.1996

                                  Local court 39576 Stendal

                                  HRB 109684

 Shareholder:

                      FORTRAS Forschungs- und

                      Entwicklungsgesellschaft für Transportwesen

                      mbH

                      Dornierstr. 9

                      D 49090 Osnabrück

                      Legal form: Private limited company

                      Company Status: active

                      Share capital:     EUR             25,000.00

                      Share:             EUR             25,000.00

                      Reg. data:  07.08.1990

                                  Local court 49074 Osnabrück

                                  HRB 16564

 Shareholder:

                      Rhenus & Hellmann Geschäftsführungs-GmbH

                      Formerstr. 22

                      D 59425 Unna

                      Legal form: Private limited company

                      Company Status: active

                      Share capital:     EUR             26,000.00

                      Share:             EUR             13,000.00

                      Reg. data:  09.01.1992

                                  Local court 59065 Hamm

                                  HRB 3466

 Shareholder:

                      LH Bekleidungs-Verwaltungsgesellschaft mbH

                      Ferdinand-Porsche-Str. 1

                      D 51149 Köln

                      Legal form: Private limited company

                      Company Status: active

                      Share capital:     EUR             25,000.00

                      Share:             EUR             12,500.00

                      Reg. data:  01.10.2008

                                  Local court 50939 Köln

                                  HRB 64079

 Shareholder:

                      Hellmann Ersatzteillogistik

                      Beteiligungsgesellschaft mbH

                      Elbestr. 1

                      D 49090 Osnabrück

                      Legal form: Private limited company

                      Company Status: active

                      Share capital:     EUR             25,000.00

                      Share:             EUR             12,500.00

                      Reg. data:  01.03.2011

                                  Local court 49074 Osnabrück

                                  HRB 205070

 Shareholder:

                      UKE Consult und Management GmbH

                      Martinistr. 52

                      D 20251 Hamburg

                      Legal form: Private limited company

                      Company Status: active

                      Share capital:     EUR             25,000.00

                      Share:             EUR              7,500.00

                      Reg. data:  07.04.2006

                                  Local court 20355 Hamburg

                                  HRB 96957

 

 

FINANCIAL INFORMATION

 

Payment experience:  within agreed terms

 

Negative information:We have no negative information at hand.

 

 

REAL ESTATE

 

Type of ownership:   proprietor

Share:                100.00 %

Address              Elbestr. 1-40

D 49090 Osnabrück

 

Type of ownership:   proprietor

Share:                100.00 %

Address              Pagenstecherstr. 75

D 49090 Osnabrück

 

Real Estate of:      Beteiligungsgesellschaft Hellmann mit

beschränkter Haftung

Type of ownership:   Tenant

Address              Elbestr. 1-40

D 49090 Osnabrück

 

Real Estate of:      Hellmann Beteiligungen KG

Type of ownership:   Tenant

Address              Elbestr. 1-40

D 49090 Osnabrück

 

Land register documents were not available.

 

 

BANKERS

 

Principal bank

COMMERZBANK, 49005 OSNABRÜCK

Sort. code: 26540070

BIC: COBADEFF265

 

Further banks

HSH NORDBANK HAMBURG, 20079 HAMBURG

Sort. code: 20050000

BIC: HSHNDEHH200

SPARKASSE OSNABRÜCK, 49018 OSNABRÜCK

Sort. code: 26550105

BIC: NOLADE22XXX

POSTBANK, 30139 HANNOVER

Sort. code: 25010030

BIC: PBNKDEFFXXX

 

 

FINANCIAL FIGURES

 

Financial year:      01.01. - 31.12.

Employees:                                                     12

 

The company exercises the option not to publish its balance and is

included in the consolidated financial statement of Hellmann

Worldwide Logistics GmbH & Co. KG.

 

Konzerneckdaten 2012 (in Euro)

================================================

Receivables:         347.697.472,88

Liabilities:         390.831.562,60

Sales revenues:    2.132.775.000,-

Staff:                     8.848


 

FOREIGN EXCHANGE RATES

 

Currency

Unit

Indian Rupees

US Dollar

1

Rs.62.27

UK Pound

1

Rs.103.46

Euro

1

Rs.84.87

 

 

INFORMATION DETAILS

 

Report Prepared by :

PDT

 

 

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.