|
Report Date : |
16.07.2014 |
IDENTIFICATION DETAILS
|
Name : |
BÄKO-ZENTRALE NORD EG |
|
|
|
|
Registered Office : |
Am Kiekenbusch 4, D 47269 Duisburg, Post Box 29 01 71, D 47261
Duisburg |
|
|
|
|
Country : |
|
|
|
|
|
Financials (as on) : |
31.12.2012 |
|
|
|
|
Date of Incorporation : |
15.11.1908 |
|
|
|
|
Com. Reg. No.: |
GNr 230 |
|
|
|
|
Legal Form : |
Registered Cooperative |
|
|
|
|
Line of Business : |
Engaged in Production & Sale of bread, confectioners items and Baked Goods |
|
|
|
|
No. of Employees |
118 |
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) |
|
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 |
Note:-
Your inquiry: Bako Zentrale Nord EG,
Siemensstr. 13-17, D 25462 Rellingen.
The subject of your inquiry is a
branch. We are reporting on the headquarters.
BÄKO-ZENTRALE NORD eG
Am Kiekenbusch 4
D 47269 Duisburg
Post Box: 29 01 71, D 47261 Duisburg
Telephone: 0203/7684-0
Telefax: 0203/7681018
Homepage: www.baeko.de
E-mail: info-duisburg@baekogruppenord.de
active
DE119554462
Business relations are permissible.
LEGAL FORM Registered cooperative
Date of foundation: 15.11.1908
Registered on: 15.06.1988
Register of
cooperatives: Local court 47051 Duisburg
under: GnR 230
Number of members: 22
Amount per share:
EUR 58.80
Total number of
shares: 15,000
Total amount
guaranteed: EUR 8,819.78
Lutz Henning
Heinestr. 9
D 41464 Neuss
authorized to jointly represent the company
born: 04.03.1950
Profession: Fully qualified management
expert
Marital status: married
Member of the
Board of Directors:
Eckhard Starke
Ahnten 19
D 28790 Schwanewede
born: 17.10.1949
Marital status: married
Member of the
Board of Directors:
Alois Mensing
Kurze Str. 7
D 46342 Velen
born: 25.05.1948
Profession: Master baker
Marital status: married
Jean-Pierre Nachtsheim
D 86368 Gersthofen
authorized to jointly represent the company
born: 29.04.1968
Profession: Businessman
Proxy:
Michael Behrens
D
25336 Elmshorn
authorized
to jointly represent the company
Profession: Businessman
Proxy:
Klaus
Burger
D
47441 Moers
authorized to jointly represent the company
born: 02.06.1959
Further
functions/participations of Lutz Henning (Member of the Board of Directors)
Manager:
Rhenus
Back- und Vertriebs-Gesellschaft mit
beschränkter Haftung
Am Kiekenbusch
4
D
47269 Duisburg
Legal
form: Private limited company
Share
capital: EUR 62,000.00
Registered
on: 27.06.1988
Reg.
data: 47051 Duisburg, HRB 4574
Manager:
BÄKO-LAGERHÄUSER Ost GmbH
Am
Kiekenbusch 4
D
47269 Duisburg
Legal
form: Private limited company
Share capital: EUR 520,000.00
Registered
on: 12.06.1991
Reg.
data: 47051 Duisburg, HRB 5468
Manager:
BÄKO
Euro Trade GmbH
Siemensstr. 13-17
D
25462 Rellingen
Legal
form: Private limited company
Share
capital: EUR 210,000.00
Registered
on:
26.06.1979
Reg.
data: 25421 Pinneberg, HRB 1029 PI
Vice-president of the Board of Directors:
DER
MITTELSTANDSVERBUND - ZGV e.V.
Am
Weidendamm 1a
D 10117
Berlin
Legal
form: Registered association
Registered
on: 08.10.1951
Reg.
data: 14057 Berlin, VR 22795 B
Member of the Board of Directors:
Werbegemeinschaft des Deutschen
Bäckerhandwerks e.V.
Neustädtische Kirchstr. 7a
D
10117 Berlin
Legal
form: Registered association
Registered
on: 28.04.2006
Reg.
data: 14057 Berlin, VR 25486 B
Liquidator:
BÄGROS
Handels-Gesellschaft mbH
Am
Kiekenbusch 4
D
47269 Duisburg
Legal form: Private limited
company in
liquidation
Share
capital: EUR 583,400.00
Registered
on: 24.06.1988
Reg. data: 47051 Duisburg, HRB 4572
Further
functions/participations of Eckhard Starke (Member of the Board of Directors)
General partner:
Starke
Bäcker KG
Steller Heide 27
D 28790 Schwanewede
Legal
form: Limited partnership
Total
cap. EUR 50,000.00
contribution:
Registered
on: 23.02.2010
Reg.
data: 29664 Walsrode, HRA 201173
Member of the Board of Directors:
BÄKO
Weser-Ems-Mitte Bäcker- und
Konditorengenossenschaft eG
Holler
Landstr. 250-256
D 26135 Oldenburg
Post
Box:
1209,
D 26002 Oldenburg
Legal
form: Registered cooperative
Registered
on: 11.04.1903
Reg. data: 26135 Oldenburg, GnR 431
Further
functions/participations of Alois Mensing (Member of the Board of Directors)
General partner:
Bäckerei Mensing OHG
Lange
Str. 17
D
46342 Velen
Legal
form: General Partnership
Registered
on: 26.02.1972
Reg.
data: 48653 Coesfeld, HRA 3365
President of the
Supervisory Board:
BÄKO Bäcker- und Konditoren-Service
GmbH
Oldentruper Str. 153
D
33605 Bielefeld
Legal
form: Private limited company
Share
capital: EUR 520,000.00
Registered
on: 02.01.1989
Reg.
data: 33602 Bielefeld, HRB 7212
President of the Supervisory Board:
Ebäcko
Bäcker- und Konditoren Einkauf eG
An der Hansalinie 9
D
48163 Münster
Legal
form: Registered cooperative
Registered
on: 20.04.1918
Reg.
data: 48149 Münster, GnR 366
1908 - 1988 Bäko
Zentrale West eG
D 40210 Düsseldorf
Registered
cooperative
1988 - 19.09.2001 BÄKO-ZENTRALE WEST eG
Am Kiekenbusch 4
D 47269 Duisburg
Registered cooperative
Engaged in
Production & Sale of bread, confectioners items and Baked
Goods
Branch:
BÄKO-ZENTRALE
NORD eG
Siemensstr. 13-17
D
25462 Rellingen
TEL.:
04101/308-0
FAX.:
04101/308-155
Shareholder:
BACKRING
RHEIN-RUHR Gesellschaft mit
beschränkter Haftung
Am
Kiekenbusch 4
D
47269 Duisburg
Post
Box:
10 02
62
Legal
form: Private limited company
Company Status: active
Share
capital: EUR 1,025,000.00
Share: EUR 1,025,000.00
Reg.
data: 16.08.1991
Local court 47051
Duisburg
HRB 14993
Shareholder:
BÄKO-LAGERHÄUSER Ost GmbH
Am
Kiekenbusch 4
D
47269 Duisburg
Legal form: Private limited company
Company Status: active
Share
capital: EUR 520,000.00
Share: EUR 520,000.00
Reg.
data: 12.06.1991
Local court 47051 Duisburg
HRB 5468
Shareholder:
BackBüro Service GmbH
Am
Kiekenbusch 4
D
47269 Duisburg
Legal form: Private limited company
Company Status: active
Share
capital: EUR 561,000.00
Share: EUR 230,000.00
Reg.
data: 16.05.2012
Local court 47051 Duisburg
HRB 24504
Shareholder:
BÄKO
Euro Trade GmbH
Siemensstr. 13-17
D
25462 Rellingen
Legal
form: Private limited company
Company Status: active
Share
capital: EUR 210,000.00
Share: EUR 110,000.00
Reg. data:
26.06.1979
Local court 25421 Pinneberg
HRB 1029 PI
Shareholder:
Rhenus
Back- und Vertriebs-Gesellschaft mit
beschränkter Haftung
Am
Kiekenbusch 4
D
47269 Duisburg
Legal
form: Private limited company
Company Status: active
Share
capital: EUR 62,000.00
Share: EUR 62,000.00
Reg.
data: 27.06.1988
Local court 47051 Duisburg
HRB 4574
Shareholder:
WEBEKA
Steuerberatungsgesellschaft mbH
Preußenring 111
D
47798 Krefeld
Legal
form: Private limited company
Company Status: active
Share
capital: EUR 46,016.28
Share: EUR 15,338.76
Reg.
data: 14.11.1986
Local court 47798 Krefeld
HRB 3293
Shareholder:
GWS Gesellschaft für
Warenwirtschafts-Systeme mit beschränkter
Haftung
Willy-Brandt-Weg 1
D
48155 Münster
Legal
form: Private limited company
Company Status: active
Share
capital: EUR 1,050,000.00
Share: EUR 10,500.00
Reg.
data: 10.07.1992
Local court 48149 Münster
HRB 3844
Shareholder:
Deutscher Bäckerverlag Gesellschaft mit
beschränkter Haftung
Bergstr. 79-81
D 44791 Bochum
Legal
form: Private limited company
Company Status: active
Share
capital: EUR 25,650.00
Share: EUR 9,234.00
Reg.
data: 10.01.1949
Local court 44787 Bochum
HRB 160
Payment experience: cash
discount/within agreed terms
Negative information: We
have no negative information at hand.
Balance sheet year: 2012
Type of ownership: proprietor
Share: 100.00 %
Address Am
Kiekenbusch 4
D 47269 Duisburg
Real Estate of: Lutz
Henning
Type of ownership: Tenant
Address Heinestr.
9
D 41464 Neuss
Land register documents were not available.
DEUTSCHE BANK, 40189
DÜSSELDORF
Sort. code: 30070010
BIC: DEUTDEDDXXX
DEUTSCHE BANK, 47003
DUISBURG
Sort. code: 35070030
BIC: DEUTDEDE350
VOLKSBANK
DORTMUND-NORDWEST, 44359 DORTMUND
Sort. code: 44060122
BIC: GENODEM1DNW
Turnover: 2012 EUR 305,319,630.00
Profit:
2012 EUR 863,935.00
Equipment: EUR 1,364,863.00
Ac/ts receivable: EUR 35,624,728.00
Liabilities: EUR 34,873,333.00
Employees:
118
Balance sheet ratios 01.01.2012 - 31.12.2012
Equity ratio [%]: 34.36
Liquidity ratio: 1.22
Return on total capital [%]: 1.39
Balance
sheet ratios 01.01.2011 - 31.12.2011
Equity ratio [%]: 33.96
Liquidity ratio: 1.17
Return on total capital [%]: 1.52
Balance sheet ratios 01.01.2010 - 31.12.2010
Equity ratio [%]: 34.69
Liquidity ratio: 1.24
Return on total capital [%]: 2.79
Balance sheet ratios 01.01.2009 - 31.12.2009
Equity ratio [%]: 34.75
Liquidity ratio: 1.23
Return on total capital [%]: 1.29
Equity ratio
The equity ratio indicates the portion of the equity as compared
to the total capital. The higher the equity ratio, the better the
economic stability (solvency) and thus the financial autonomy of
a company.
Liquidity ratio
The liquidity ratio shows the proportion between adjusted
receivables and net liabilities. The higher the ratio, the lower
the company's financial dependancy from external creditors.
Return on total
capital
The return on total capital shows the efficiency and return on
the total capital employed in the company. The higher the return
on total capital, the more economically does the company work
with the invested capital.
Type of balance
sheet: Company balance sheet
Financial year: 01.01.2012 - 31.12.2012
ASSETS EUR 62,118,532.71
Fixed assets
EUR 7,309,259.75
Intangible assets
EUR 467,932.78
Concessions, licences, rights
EUR 109,881.72
Advance payments for intang. assets
EUR 358,051.06
Tangible assets
EUR 2,911,592.38
Land / similar rights
EUR 1,546,722.87
Plant / machinery
EUR 6.55
Other tangible assets / fixtures and
fittings
EUR 1,364,862.96
Financial assets
EUR 3,929,734.59
Shares in participations /
subsidiaries
and the like EUR 2,994,734.59
Shares in related companies
EUR 2,848,572.25
Shares in cooperatives
EUR 26,300.00
Shares in investee companies
EUR 119,862.34
Loans to participations /
subsidiaries and the like
EUR 935,000.00
Loans to related companies
EUR 935,000.00
Current assets
EUR 54,783,025.51
Stocks EUR 13,602,503.33
Finished goods / work in progress
EUR 12,602,503.33
Advance payments made
EUR 1,000,000.00
Accounts receivable
EUR 35,624,728.00
Trade debtors EUR 9,278,819.10
Amounts due from related companies
EUR 22,764,915.88
Amounts due from investee companies
EUR 2,856.70
Other debtors and assets
EUR 3,578,136.32
Liquid means
EUR 5,555,794.18
Remaining other assets
EUR 26,247.45
Accruals (assets)
EUR 26,247.45
LIABILITIES EUR 62,118,532.71
Shareholders' equity
EUR 21,343,788.20
Capital
EUR 4,215,000.00
Business assets of the members of a
registered cooperative society
EUR 4,215,000.00
Reserves
EUR 16,264,853.46
Retained earnings / revenue reserves EUR 16,264,853.46
Balance sheet profit/loss (+/-)
EUR 863,934.74
Annual surplus / annual deficit
EUR 863,934.74
Provisions
EUR 5,901,411.05
Pension provisions and comparable
provisions
EUR 2,682,314.00
Provisions for taxes
EUR 202,580.00
Other / unspecified provisions
EUR 3,016,517.05
Liabilities
EUR 34,873,333.46
Other liabilities
EUR 34,873,333.46
Trade creditors (for IAS incl. bills
of exchange) EUR 12,193,169.02
Liabililties due to related companiesEUR 22,485,962.72
Liabilities due to investee companiesEUR 25,766.71
Unspecified other liabilities
EUR 168,435.01
thereof liabilities from tax /
financial authorities
EUR 138,245.62
thereof liabilities from social
security
EUR 0.00
Guarantees and other commitments
EUR 9,363,760.00
Discounted bills of exchange
EUR 6,429,589.00
Guarantees / warranties
EUR 2,934,171.00
Guarantees
EUR 369,929.00
Warranties EUR 2,564,242.00
PROFIT AND LOSS ACCOUNT (cost-summary method)
according to Comm.
Code
(HGB)
Sales
EUR 305,319,629.50
Inventory change + own costs (+/-)
EUR 107,732.26
Capitalised
own costs EUR 107,732.26
Other operating income
EUR 1,202,292.39
Cost of materials
EUR 290,987,068.87
Raw materials and supplies, purchased
goods EUR 285,309,645.46
Purchased services
EUR 5,677,423.41
Gross result (+/-)
EUR 15,642,585.28
Staff expenses
EUR 8,052,396.47
Wages and salaries
EUR 6,787,640.83
Social security contributions and
expenses for pension plans and
benefits
EUR 1,264,755.64
Total depreciation
EUR 723,830.42
Depreciation on tangible / intangible
asssets (incl. start-up and exp. of
bus.
EUR 723,830.42
Other operating expenses
EUR 5,288,188.70
Operating result from continuing
operations
EUR 1,578,169.69
Result from participating interests
(+/-)
EUR 4,230.73
Expenses / income from participations EUR 4,230.73
Interest result (+/-)
EUR -87,220.17
Interest and similar income
EUR 219,819.84
thereof from related companies
EUR 66,578.10
Interest and similar expenses
EUR 307,040.01
thereof paid to related companies EUR 14,915.00
Other financial result
EUR 8,735.97
Income from securities and loans from
financial assets
EUR 8,735.97
thereof related companies
EUR 8,735.97
Financial result (+/-)
EUR -74,253.47
Result from ordinary operations (+/-)
EUR 1,503,916.22
Income tax / refund of income tax (+/-)EUR -548,004.56
Other
taxes / refund of taxes EUR -91,976.92
Tax
(+/-)
EUR -639,981.48
Annual surplus / annual deficit
EUR 863,934.74
Type
of balance
sheet: Company balance sheet
Financial year: 01.01.2011 - 31.12.2011
ASSETS EUR 61,088,947.54
Fixed assets
EUR 7,488,845.67
Intangible assets
EUR 83,762.97
Concessions, licences, rights EUR 83,762.97
Tangible assets
EUR 3,454,348.11
Land / similar rights
EUR 1,494,697.55
Plant / machinery
EUR 6.55
Other tangible assets / fixtures and
fittings
EUR 1,696,943.69
Advance payments made / construction
in progress
EUR 262,700.32
Financial assets EUR 3,950,734.59
Shares in participations /
subsidiaries and the like
EUR 2,915,734.59
Shares in related companies
EUR 2,848,572.25
Shares in cooperatives
EUR 26,300.00
Shares in investee companies
EUR 40,862.34
Loans to participations /
subsidiaries and the like
EUR 1,035,000.00
Loans to related companies
EUR 1,035,000.00
Current
assets EUR 53,569,741.68
Stocks
EUR 14,050,644.20
Finished goods / work in progress
EUR 13,307,117.90
Advance payments made
EUR 743,526.30
Accounts receivable
EUR 36,541,302.37
Trade debtors
EUR 31,708,494.83
Amounts due from related companies
EUR 1,589,915.57
Other debtors and assets
EUR 3,242,891.97
Liquid means
EUR 2,977,795.11
Remaining other assets
EUR 30,360.19
Accruals (assets)
EUR 30,360.19
LIABILITIES EUR 61,088,947.54
Shareholders' equity
EUR 20,748,653.46
Capital
EUR 4,230,000.00
Business assets of the members of a
registered cooperative society
EUR 4,230,000.00
Reserves
EUR 15,281,014.28
Retained earnings / revenue reserves EUR 15,281,014.28
Balance sheet profit/loss (+/-)
EUR 1,237,639.18
Annual surplus / annual deficit
EUR 1,237,639.18
Provisions
EUR 6,166,874.32
Pension provisions and comparable
provisions
EUR 2,671,257.00
Provisions for taxes
EUR 199,356.00
Other / unspecified provisions
EUR 3,296,261.32
Liabilities
EUR 34,165,317.39
Other liabilities
EUR 34,165,317.39
Trade creditors (for IAS incl. bills
of exchange)
EUR 33,780,350.75
Liabililties due to related companiesEUR 56,737.72
Liabilities due to investee companiesEUR 27,411.57
Unspecified other liabilities
EUR 300,817.35
thereof liabilities from tax /
financial authorities
EUR 258,755.70
thereof liabilities from social
security
EUR 1,931.47
Other liabilities
EUR 8,102.37
Deferrals (liabilities)
EUR 8,102.37
Guarantees and other commitments
EUR 13,021,672.00
Discounted bills of exchange
EUR 9,931,219.00
Guarantees / warranties
EUR 3,090,453.00
Guarantees
EUR 369,929.00
Warranties
EUR 2,720,524.00
PROFIT AND LOSS ACCOUNT (cost-summary method)
according to Comm.
Code
(HGB)
Sales EUR 301,378,938.00
Other operating income
EUR 908,100.76
Cost of materials
EUR 287,511,401.30
Raw materials and supplies, purchased
goods EUR 281,904,975.27
Purchased services
EUR 5,606,426.03
Gross result (+/-)
EUR 14,775,637.46
Staff expenses
EUR 7,783,059.46
Wages
and salaries EUR 6,595,633.68
Social security contributions and
expenses for pension plans and
benefits
EUR 1,187,425.78
Total depreciation
EUR 693,376.73
Depreciation on tangible / intangible
asssets (incl. start-up and exp. of
bus.
EUR 693,376.73
Other operating expenses
EUR 4,548,753.18
Operating result from continuing
operations
EUR 1,750,448.09
Result from participating interests
(+/-)
EUR 4,542.60
Expenses / income from participations EUR 4,542.60
Interest result (+/-)
EUR -146,987.63
Interest and similar income
EUR 299,647.72
thereof from related companies
EUR 116,422.94
Interest and similar expenses
EUR 446,635.35
thereof paid to related companies
EUR 22,143.33
Other financial result
EUR 12,445.49
Income from securities and loans from
financial assets
EUR 12,445.49
thereof related companies
EUR 12,445.49
Financial result (+/-)
EUR -129,999.54
Result from ordinary operations (+/-)
EUR 1,620,448.55
Extraordinary income
EUR 308,337.92
Extraordinary result (+/-) EUR 308,337.92
Income tax / refund of income tax (+/-)EUR -599,396.91
Other taxes / refund of taxes
EUR -91,750.38
Tax
(+/-)
EUR -691,147.29
Annual surplus / annual deficit
EUR 1,237,639.18
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.60.22 |
|
UK Pound |
1 |
Rs.102.79 |
|
Euro |
1 |
Rs.81.95 |
INFORMATION DETAILS
|
Analysis Done by
: |
SUB |
|
|
|
|
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.