|
Report Date : |
16.07.2014 |
IDENTIFICATION DETAILS
|
Name : |
FAURECIA EMISSIONS CONTROL TECHNOLOGIES,
GERMANY GMBH |
|
|
|
|
Registered Office : |
Biberbachstr. 9, D 86154 Augsburg |
|
|
|
|
Country : |
Germany |
|
|
|
|
Financials (as on) : |
31.12.2009 |
|
|
|
|
Date of Incorporation : |
18.02.1992 |
|
|
|
|
Com. Reg. No.: |
HRB 20757 |
|
|
|
|
Legal Form : |
Private Limited Company |
|
|
|
|
Line of Business : |
Subject Business Activities include Automotive Seating,
Interior Systems, Emissions Control Technologies & Automotive Exteriors. |
|
|
|
|
No. of Employees |
1,129 |
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 – 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 |
Faurecia Emissions Control Technologies,
Germany GmbH
Biberbachstr. 9
D 86154 Augsburg
Telephone: 0821/4103-0
Telefax:
0821/4103-299
Homepage: www.faurecia.com
E-mail:
Eduard.Spinnler@faurecia.com
DE127464565
active
Business relations are permissible.
LEGAL FORM
Private limited company
Date of foundation: 18.02.1992
Shareholders'
agreement: 18.02.1992
Registered on: 08.09.2004
Commercial Register: Local court 86150 Augsburg
under: HRB
20757
Share capital: EUR
3,325,600.00
Faurecia Automotive GmbH
Nordsehler Str. 38
D 31655 Stadthagen
Legal form: Private limited company
Share capital: EUR
196,419,740.00
Share: EUR 3,325,600.00
Registered on: 11.02.2008
Reg. data: 31655 Stadthagen, HRB 200283
Control and profit transfer agreement
Tobias Breichler
D 31139 Hildesheim
born: 17.04.1966
Manager:
Marcus
Kötting
D
80331 München
born:
10.07.1960
Profession: Businessman
Marital status: unknown
Manager:
Martin Stüttem
D 86441 Zusmarshausen
authorized to jointly
represent the company
born: 01.12.1966
Manager:
Pedro Martin
D 86153 Augsburg
born: 16.09.1962
Manager:
Markus Bergmann
D 83043 Bad Aibling
born: 25.01.1964
Alfred Heinz Blüml
D 86899 Landsberg
authorized to jointly represent the
company
born: 24.01.1964
Proxy:
Stephan Rothkamm
D 30159 Hannover
authorized to jointly
represent the company
born: 30.04.1962
Proxy:
Bertram Zaun
Wilhelm-Brand-Str. 2a
D 44141 Dortmund
authorized to jointly
represent the company
born: 05.10.1970
Proxy:
Christoph Opitz
Heinrich-Beensen-Str. 3
D 30926 Seelze
authorized to jointly
represent the company
born: 23.02.1974
Proxy:
Dr. Thomas Mentzel
D 30159 Hannover
authorized to jointly
represent the company
born: 29.02.1972
Further
functions/participations of Tobias Breichler (Manager)
Manager:
Faurecia Emissions
Control Technologies,
Finnentrop GmbH
Uferstr. 6
D 57413 Finnentrop
Legal form: Private
limited company
Share capital: EUR 28,050.00
Registered
on: 22.12.1992
Reg. data: 57072 Siegen, HRB 6054
Manager:
Faurecia Emissions
Control Technologies,
Novaferra GmbH
Biberbachstr. 9
D 86154 Augsburg
Legal form: Private
limited company
Share capital: EUR 26,350.00
Registered
on: 07.07.2004
Reg. data: 86150 Augsburg, HRB 20632
Further
functions/participations of Marcus Kötting (Manager)
Manager:
Faurecia Emissions Control Technologies,
Finnentrop GmbH
Uferstr. 6
D 57413 Finnentrop
Legal form: Private
limited company
Share capital: EUR 28,050.00
Registered
on: 22.12.1992
Reg. data: 57072 Siegen, HRB 6054
Manager:
Faurecia Abgastechnik GmbH
Biberbachstr. 9
D
86154 Augsburg
Legal form: Private limited company
Share capital: EUR 500,000.00
Registered
on: 15.09.2011
Reg. data: 86150 Augsburg, HRB 26434
Manager:
Faurecia Emissions
Control Technologies,
Novaferra GmbH
Biberbachstr. 9
D 86154 Augsburg
Legal form: Private
limited company
Share capital: EUR 26,350.00
Registered
on: 07.07.2004
Reg. data: 86150 Augsburg, HRB 20632
Further
functions/participations of Pedro Martin (Manager)
Manager:
Faurecia Emissions
Control Technologies,
Finnentrop GmbH
Uferstr. 6
D 57413 Finnentrop
Legal form: Private
limited company
Share capital: EUR 28,050.00
Registered
on: 22.12.1992
Reg. data: 57072 Siegen, HRB 6054
Manager:
Faurecia Abgastechnik GmbH
Biberbachstr. 9
D
86154 Augsburg
Legal form: Private limited company
Share capital: EUR 500,000.00
Registered
on: 15.09.2011
Reg. data: 86150 Augsburg, HRB 26434
Manager:
Faurecia Emissions
Control Technologies,
Novaferra GmbH
Biberbachstr. 9
D 86154 Augsburg
Legal form: Private
limited company
Share capital: EUR 26,350.00
Registered
on: 07.07.2004
Reg. data: 86150 Augsburg, HRB 20632
Manager:
Faurecia Automotive GmbH
Nordsehler Str. 38
D
31655 Stadthagen
Legal form: Private limited company
Share capital: EUR
196,419,740.00
Registered
on: 11.02.2008
Reg. data: 31655 Stadthagen, HRB 200283
Further
functions/participations of Markus Bergmann (Manager)
Manager:
Faurecia Emissions
Control Technologies,
Finnentrop GmbH
Uferstr. 6
D 57413 Finnentrop
Legal form: Private
limited company
Share capital: EUR 28,050.00
Registered
on: 22.12.1992
Reg. data: 57072 Siegen, HRB 6054
Manager:
Faurecia Abgastechnik GmbH
Biberbachstr. 9
D
86154 Augsburg
Legal form: Private limited company
Share capital: EUR 500,000.00
Registered
on: 15.09.2011
Reg. data: 86150 Augsburg, HRB 26434
Manager:
Faurecia Emissions
Control Technologies,
Novaferra GmbH
Biberbachstr. 9
D 86154 Augsburg
Legal form: Private
limited company
Share capital: EUR 26,350.00
Registered
on: 07.07.2004
Reg. data: 86150 Augsburg, HRB 20632
18.02.1992
- 12.01.2004 Arvin Industries Deutschland GmbH (AG
Düsseldorf, HRB
28341)
Äußere Uferstr. 61-73
D 86154 Augsburg
Private limited
company
12.01.2004 -
08.09.2004 Arvin Industries Deutschland GmbH (AG
Offenbacch, HRB
12541)
Albert-Einstein-Str. 14
D 63128 Dietzenbach
Private limited
company
08.09.2004 - 25.07.2007 ArvinMeritor
Emissions Technologies GmbH
Biberbachstr. 9
D 86154 Augsburg
Private limited company
25.07.2007
- 2008 EMCON Technologies Germany (Augsburg)
GmbH
Biberbachstr. 9
D 86154 Augsburg
Private limited
company
2009 - 12.07.2010 EMCON
Technologies Germany (Augsburg)
GmbH
Biberbachstr. 9
D 86154 Augsburg
Private limited
company
17.10.2011 - 13.08.2013 Manager
Stefan Jost
D
85778 Haimhausen
16.03.2011 -
18.01.2013 Manager
Brendan Drummond
F
Straßbourg
16.03.2011 - 13.12.2011 Manager
Michael Bleidt
D
86391 Stadtbergen
16.03.2011 - 07.10.2011 Manager
Thierry Yves Henri
Bollorè
F - Nanterre
Main industrial sector
·
Subject Business Activities include Automotive
Seating, Interior Systems, Emissions Control Technologies & Automotive
Exteriors.
Branch:
Faurecia Emissions
Control Technologies,
Germany GmbH
Scheeren 18
D
28865 Lilienthal
TEL.:
06074/48330
FAX.: 06074/4833425
Branch:
Faurecia Emissions
Control Technologies,
Germany GmbH
Hugo-Junkers-Str. 3
D 04158 Leipzig
TEL.: 0341-4685671
FAX.: 0341-4685679
Branch:
Faurecia Emissions
Control Technologies,
Germany GmbH
Otto-Hahn-Str. 10
D
86368 Gersthofen
Branch:
Faurecia Emissions
Control Technologies,
Germany GmbH
Franz-Reichle-Str.
2
D 74078 Heilbronn
TEL.: 07131/20409-00
FAX.: 07131/20409-66
Shareholder:
Faurecia Emissions
Control Technologies,
Finnentrop GmbH
Uferstr. 6
D 57413 Finnentrop
Legal form: Private
limited company
Company Status: active
Share capital: EUR 28,050.00
Share: EUR 28,050.00
Reg. data: 22.12.1992
Local court
57072 Siegen
HRB 6054
Shareholder:
Faurecia Emissions Control Technologies,
Novaferra GmbH
Biberbachstr. 9
D 86154 Augsburg
Legal form: Private
limited company
Company Status: active
Share capital: EUR 26,350.00
Share: EUR 26,350.00
Reg. data: 07.07.2004
Local court
86150 Augsburg
HRB 20632
Payment experience: within agreed terms
Negative information: We have no negative information at hand.
Balance sheet year: 2009
Type of ownership: Tenant
Address Biberbachstr.
9
D 86154 Augsburg
Land register documents were not
available.
LANDESBANK HESSEN-THÜRINGEN GIROZENTRALE NL. DÜSSELDORF, 40019
DÜSSELDORF
Sort. code: 30050000
BIC: WELADEDDXXX
Turnover: 2013 *EUR 219,555,000.00
Equipment: EUR 2,862,568.00
Ac/ts receivable: EUR 44,346,807.00
Liabilities: EUR 71,575,210.00
Employees:
1,129
- thereof permanent staff: 1,071
- Trainees:
58
Control and profit
transfer agreement to:
Faurecia Automotive GmbH
Nordsehler Str. 38
D 31655 Stadthagen
The business figures marked with an
asterisk are estimates based on average values in the line of business.
Balance sheet ratios 01.01.2009 - 31.12.2009
Equity ratio [%]: 12.08
Liquidity ratio: 0.47
Return on total capital [%]: -15.04
Balance sheet grade: 4.4
Balance sheet ratios 01.01.2008 - 31.12.2008
Equity ratio [%]: 13.09
Liquidity ratio: 0.62
Return on total capital [%]: 1.45
Balance sheet grade: 3.6
Balance sheet ratios 01.10.2007 - 31.12.2007
Equity ratio [%]: 12.99
Liquidity ratio: 0.59
Return on total capital [%]: 1.73
Balance sheet grade: 3.5
Balance sheet ratios 01.10.2006 - 30.09.2007
Equity ratio [%]: 11.30
Liquidity ratio: 0.65
Return on total capital [%]: -8.47
Balance sheet grade: 4.4
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: 01.01.2009 - 31.12.2009
ASSETS EUR 134,637,512.61
Fixed assets EUR 60,021,641.54
Intangible assets EUR 255,556.00
Concessions, licences, rights EUR
220,843.00
Advance payments for intang. assets EUR 34,713.00
Tangible assets EUR 15,616,579.52
Plant / machinery EUR 9,837,619.67
Other tangible assets / fixtures and
fittings EUR 2,862,568.00
Advance payments made / construction
in progress EUR 2,916,391.85
Financial assets EUR 44,149,506.02
Loans to shareholders EUR 15,797,970.47
Shares in participations /
subsidiaries and the like EUR 26,456,455.29
Shares in related companies EUR 26,456,455.29
Loans to participations /
subsidiaries and the like EUR 1,895,080.26
Loans to related companies EUR 1,895,080.26
Current assets EUR 74,366,739.44
Stocks EUR 29,426,787.37
Raw materials, consumables and
supplies EUR 8,146,905.20
Finished goods / work in progress EUR
50,665,673.59
Advance payments made EUR 49,902.50
Minus received advance payments for
orders / installments for stocks EUR
-29,435,693.92
Accounts receivable EUR 44,346,807.78
Amounts due from shareholders EUR 10,844,692.46
Trade debtors EUR 10,575,048.67
Amounts due from related companies EUR
17,308,083.98
Other debtors and assets EUR 5,618,982.67
Liquid means EUR 593,144.29
Remaining other assets EUR 249,131.63
Accruals (assets) EUR 249,131.63
LIABILITIES EUR 134,637,512.61
Shareholders' equity EUR 25,193,788.15
Capital
EUR 3,325,600.00
Subscribed capital (share capital) EUR
3,325,600.00
Reserves EUR 168,419,970.68
Capital reserves EUR 168,419,970.68
Balance sheet profit/loss (+/-) EUR
-146,551,782.53
Profit / loss brought forward EUR -127,955,126.13
Annual surplus / annual deficit EUR
-18,596,656.40
Items between shareholders' equity and
debt capital EUR 1,423,278.00
Special items with reserve funds EUR 1,423,278.00
Provisions EUR 36,445,236.25
Pension provisions and comparable
provisions EUR 12,232,925.00
Provisions for taxes EUR 758,775.33
Other / unspecified provisions EUR 23,453,535.92
Liabilities EUR 71,575,210.21
Financial debts EUR 9,000,147.69
Liabilities due to banks EUR 9,000,147.69
Other liabilities EUR 62,575,062.52
Trade creditors (for IAS incl. bills
of exchange) EUR 54,481,117.29
Liabilities from received advance
payments EUR 3,644,924.71
Liabililties due to related
companiesEUR 3,677,725.66
Unspecified other liabilities EUR
771,294.86
thereof liabilities from tax /
financial authorities EUR 680,842.96
thereof liabilities from social
security EUR 25,205.33
PROFIT AND LOSS ACCOUNT (cost-summary method)
according to Comm.
Code (HGB)
Sales EUR 417,445,634.19
Inventory change + own costs (+/-) EUR
-5,888,396.91
Inventory change (+/-) EUR -6,164,038.32
Capitalised own costs EUR 275,641.41
Other operating income EUR 15,274,838.88
Cost of materials EUR 344,286,899.03
Raw materials and supplies, purchased
goods
EUR 338,559,434.24
Purchased services EUR 5,727,464.79
Gross result (+/-) EUR 82,545,177.13
Staff expenses EUR 65,518,349.74
Wages and salaries EUR 55,346,930.48
Social security contributions and
expenses for pension plans and
benefits EUR 10,171,419.26
Total depreciation EUR 5,402,697.41
Depreciation on tangible / intangible
asssets (incl. start-up and exp. of
bus. EUR 5,402,697.41
Other operating expenses EUR 31,423,129.34
Operating result from continuing
operations EUR -19,798,999.36
Result from participating interests
(+/-) EUR 298,486.04
Expenses / income from participations
EUR 298,486.04
Income from transfer of profits EUR 298,486.04
Interest result (+/-) EUR 1,025,828.89
Interest and similar income EUR 1,259,962.77
thereof from related companies EUR 1,144,991.70
Interest and similar expenses EUR 234,133.88
thereof paid to related companies EUR 0.00
Financial result (+/-) EUR 1,324,314.93
Result from ordinary operations (+/-) EUR
-18,474,684.43
Income tax / refund of income tax
(+/-)EUR -110,157.53
Other taxes / refund of taxes EUR -11,814.44
Tax (+/-) EUR -121,971.97
Annual surplus / annual deficit EUR
-18,596,656.40
Type of balance
sheet: Company balance sheet
Financial year: 01.01.2008 - 31.12.2008
ASSETS EUR 156,944,534.78
Fixed assets EUR 61,691,910.75
Intangible assets EUR 446,840.00
Concessions, licences, rights EUR 412,127.00
Advance payments for intang. assets EUR 34,713.00
Tangible assets EUR
17,611,651.32
Plant / machinery EUR 12,576,273.07
Other tangible assets / fixtures and
fittings EUR 3,600,471.00
Advance payments made / construction
in progress EUR 1,434,907.25
Financial assets EUR 43,633,419.43
Loans to shareholders EUR 15,352,451.19
Shares in participations /
subsidiaries and the like EUR
26,456,455.29
Shares in related companies EUR 26,456,455.29
Loans to participations /
subsidiaries and the like EUR 1,824,512.95
Loans to related companies EUR 1,824,512.95
Current assets EUR 94,963,401.45
Stocks EUR 23,342,996.40
Raw materials, consumables and
supplies EUR 7,491,836.14
Finished goods / work in progress EUR
30,800,381.67
Advance payments made EUR 138,370.92
Minus received advance payments for
orders / installments for stocks EUR
-15,087,592.33
Accounts receivable EUR 71,449,946.20
Amounts due from shareholders EUR 27,783,506.32
Trade debtors EUR 11,398,324.82
Amounts due from related companies EUR
20,612,060.85
Other debtors and assets EUR 11,656,054.21
Liquid means EUR 170,458.85
Remaining other assets EUR 289,222.58
Accruals (assets) EUR 289,222.58
LIABILITIES EUR 156,944,534.78
Shareholders' equity EUR 43,790,444.55
Capital EUR 3,325,600.00
Subscribed capital (share capital) EUR
3,325,600.00
Reserves EUR 168,419,970.68
Capital reserves EUR 168,419,970.68
Balance sheet profit/loss (+/-) EUR
-127,955,126.13
Profit / loss brought forward EUR
-129,826,912.67
Annual surplus / annual deficit EUR 1,871,786.54
Items between shareholders' equity and
debt capital EUR 2,190,467.00
Special items with reserve funds EUR 2,190,467.00
Provisions EUR 40,231,603.26
Pension provisions and comparable
provisions EUR 11,806,197.00
Provisions for taxes EUR 709,154.00
Other / unspecified provisions EUR 27,716,252.26
Liabilities EUR 70,732,019.97
Financial debts EUR 0.01
Liabilities due to banks EUR 0.01
Other liabilities EUR 70,732,019.96
Trade creditors (for IAS incl. bills
of exchange) EUR 64,734,117.97
Liabililties due to related
companiesEUR 4,350,669.09
Unspecified other liabilities EUR 1,647,232.90
thereof liabilities from tax /
financial authorities EUR 1,592,124.80
thereof liabilities from social
security EUR 54,065.35
PROFIT AND LOSS ACCOUNT (cost-summary method)
according to Comm.
Code (HGB)
Sales EUR 807,264,658.97
Inventory change + own costs (+/-) EUR
-13,814,193.97
Inventory change (+/-) EUR
-14,571,699.68
Capitalised own costs EUR 757,505.71
Other operating income EUR 24,511,899.73
Cost of materials EUR 682,503,282.02
Raw materials and supplies, purchased
goods EUR 675,765,060.95
Purchased services EUR 6,738,221.07
Gross result (+/-) EUR 135,459,082.71
Staff expenses EUR 69,776,742.59
Wages and salaries EUR 58,028,619.48
Social security contributions and
expenses for pension plans and
benefits EUR 11,748,123.11
Total depreciation EUR 6,611,345.38
Depreciation on tangible / intangible
asssets (incl. start-up and exp. of
bus. EUR 6,611,345.38
Other operating expenses EUR 61,127,066.81
Operating result from continuing
operations EUR -2,056,072.07
Result from participating interests
(+/-) EUR 340,074.37
Expenses / income from participations
EUR 340,074.37
Income from transfer of profits EUR 340,074.37
Interest result (+/-) EUR 3,731,267.45
Interest and similar income EUR 3,884,505.37
thereof from related companies EUR
3,804,910.60
Interest and similar expenses EUR 153,237.92
thereof paid to related companies EUR 12,832.65
Financial result (+/-) EUR 4,071,341.82
Result from ordinary operations (+/-) EUR
2,015,269.75
Income tax / refund of income tax
(+/-)EUR -123,534.35
Other taxes / refund of taxes EUR -19,948.86
Tax (+/-) EUR -143,483.21
Annual surplus / annual deficit
EUR 1,871,786.54
The
company exercises the option not to publish its annual financial
statement.
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.