MIRA INFORM REPORT

 

 

Report Date :

06.06.2014

 

IDENTIFICATION DETAILS

 

Name :

STAPPERT DEUTSCHLAND GMBH

 

 

Registered Office :

Willstätterstr. 13 D 40549 Düsseldorf, Post Box 11 11 31, D 40511 Düsseldorf

 

 

Country :

Germany

 

 

Financials (as on) :

31.12.2012

 

 

Date of Incorporation :

11.10.1922

 

 

Com. Reg. No.:

HRB 20

 

 

Legal Form :

Private Limited Company

 

 

Line of Business :

·         distributors of long products, pipe fittings, bars, hollow bars, flat bars, key steel, square or hexagonal bars, tubes, angles, sections and sheets made from stainless steel

·         Wholesaler of iron ores, iron, steel and iron as well as steel semi-finished goods

·         Wholesaler of non-ferrous ores, metals and metal semi-finished goods

 

 

No of Employees :

323

 

 

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 Risk

 

A2

Moderate Low Risk

 

B1

Moderate Risk

 

B2

Moderate High Risk

 

C1

High Risk

 

C2

Very High Risk

 

D

 

 

germany ECONOMIC OVERVIEW

 

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

 

Source : CIA

 

 

Company name

 

Stappert Deutschland GmbH

 

 

Company address

 

Willstätterstr. 13

D 40549 Düsseldorf

Post Box: 11 11 31, D 40511 Düsseldorf

Telephone:        0211/5279-0

Telefax:            0211/5279-177

Homepage:       www.stappert.biz/deutschland

E-mail:              deutschland@stappert.biz

 

 

VAT no

 

DE119268333

 

Company Status

 

active

 

 

CONCLUSION

 

Business relations are permissible.

 

 

Synthesis

 

LEGAL FORM               Private limited company

Registered on:              11.10.1922

Commercial Register:    Local court 40227 Düsseldorf

under:                                       HRB 20

Share capital:                 EUR          8,871,000.00

 

 

Shareholder

 

Jacquet Metal Service SA

F - Saint-Priest

Legal form: Other legal form

Share:             EUR          8,871,000.00

 

 

Manager

 

Wolfgang Hartmann

D 58239 Schwerte

having sole power of representation

born: 12.10.1954

 

 Manager:

                      Eric Michel Jacquet

                      F  Vernaison

                      having sole power of representation

                      born: 09.01.1959

                      Nationality: French

 Manager:

                      Peter Kolz

                      D 40880 Ratingen

                      authorized to jointly represent the company

                      born: 24.04.1963

                      Profession: Businessman

 Manager:

                      Thierry Robert Arthur Philippe

                      F  Lyon

                      born: 02.07.1975

                      Nationality: French

 

Proxy

 

Roland Flach

D 40789 Monheim

authorized to jointly represent the company

born: 15.11.1960

 

 Proxy:

                      Marc Steffen

                      D 46514 Schermbeck

                      authorized to jointly represent the company

                      born: 15.03.1971

                      Profession: Clerk

 Proxy:

                      Dipl.-Betriebswirt Louis-Patrice Ntivyihabwa

                      Neckarstr. 17

                      D 40219 Düsseldorf

 Proxy:

                      Marc Brucherseifer

                      D 04029 Leipzig

                      authorized to jointly represent the company

                      born: 23.02.1976

 Proxy:

                      Colin Hesse

                      D 30159 Hannover

                      authorized to jointly represent the company

                      born: 19.10.1973

 Proxy:

                      Dirk Fälber

                      D 36280 Oberaula

                      authorized to jointly represent the company

                      born: 02.06.1968

 Proxy:

                      Roman Meier

                      D 68159 Mannheim

                      authorized to jointly represent the company

                      born: 18.06.1970

 Proxy:

                      Bettina Baer

                      D 20095 Hamburg

                      authorized to jointly represent the company

                      born: 12.12.1963

 Proxy:

                      Elmar Amendinger

                      D 88339 Bad Waldsee

                      authorized to jointly represent the company

                      born: 07.09.1964

 

Further functions/participations of Eric Michel Jacquet (Manager)

 

 Manager:

                      JACQUET Deutschland GmbH

                      Bahnstr. 38

                      D 44793 Bochum

                      Legal form: Private limited company

                      Share capital:     EUR             26,000.00

                      Registered

                      on:         12.11.2013

                      Reg. data:  44787 Bochum, HRB 14692

 Manager:

                      IMS group Holding Deutschland GmbH

                      Willstätterstr. 13

                      D 40549 Düsseldorf

                      Legal form: Private limited company

                      Share capital:     EUR             25,000.00

                      Registered

                      on:         12.07.2013

                      Reg. data:  40227 Düsseldorf, HRB 70611

 

Further functions/participations of Peter Kolz (Manager)

 

 Manager:

                      FINKENHOLL-STAHL-SERVICE-CENTER GmbH

                      Bahnstr. 38

                      D 44793 Bochum

                      Legal form: Private limited company

                      Share capital:     EUR          1,320,000.00

                      Registered

                      on:         28.04.1959

                      Reg. data:  44787 Bochum, HRB 146

 Manager:

                      IMS group Holding Deutschland GmbH

                      Willstätterstr. 13

                      D 40549 Düsseldorf

                      Legal form: Private limited company

                      Share capital:     EUR             25,000.00

                      Registered

                      on:         12.07.2013

                      Reg. data:  40227 Düsseldorf, HRB 70611

 Manager:

                      Betonstahl Bochum GmbH

                      Bahnstr. 38

                      D 44793 Bochum

                      Legal form: Private limited company

                      Share capital:     EUR             25,000.00

                      Registered

                      on:         14.02.2014

                      Reg. data:  44787 Bochum, HRB 14833

 Manager:

                      Quarto Deutschland GmbH

                      Willstätterstr. 13

                      D 40549 Düsseldorf

                      Legal form: Private limited company

                      Share capital:     EUR             25,000.00

                      Registered

                      on:         06.02.2014

                      Reg. data:  40227 Düsseldorf, HRB 71962

 

Further functions/participations of Thierry Robert Arthur Philippe (Manager)

 

 Manager:

                      Hoselmann Stahl GmbH Handel und Anarbeitung

                      Ludwig-Barnay-Str. 8

                      D 30175 Hannover

                      Post Box:

                      29 09, D 30029 Hannover

                      Legal form: Private limited company

                      Share capital:     EUR          1,169,000.00

                      Registered

                      on:         10.05.2001

                      Reg. data:  30175 Hannover, HRB 59464

 Manager:

                      JACQUET Deutschland GmbH

                      Bahnstr. 38

                      D 44793 Bochum

                      Legal form: Private limited company

                      Share capital:     EUR             26,000.00

                      Registered

                      on:         12.11.2013

                      Reg. data:  44787 Bochum, HRB 14692

 Manager:

                      Betonstahl Bochum GmbH

                      Bahnstr. 38

                      D 44793 Bochum

                      Legal form: Private limited company

                      Share capital:     EUR             25,000.00

                      Registered

                      on:         14.02.2014

                      Reg. data:  44787 Bochum, HRB 14833

 Manager:

                      Abraservice Deutschland GmbH

                      Ronsdorfer Str. 24

                      D 40233 Düsseldorf

                      Legal form: Private limited company

                      Share capital:     EUR          1,025,000.00

                      Registered

                      on:         03.09.2010

                      Reg. data:  40227 Düsseldorf, HRB 64058

 Manager:

                      IMS group Holding Deutschland GmbH

                      Willstätterstr. 13

                      D 40549 Düsseldorf

                      Legal form: Private limited company

                      Share capital:     EUR             25,000.00

                      Registered

                      on:         12.07.2013

                      Reg. data:  40227 Düsseldorf, HRB 70611

 

 

COMPANY HISTORY

 

 11.10.1922 - 01.10.2012  Stappert Spezial-Stahl Handel GmbH

                          Willstätterstr. 13

                          D 40549 Düsseldorf

                          Private limited company

BUSINESS ACTIVITIES

 

·         distributors of long products, pipe fittings, bars, hollow bars, flat bars, key steel, square or hexagonal bars, tubes, angles, sections and sheets made from stainless steel

·         Wholesaler of iron ores, iron, steel and iron as well as steel semi-finished goods

·         Wholesaler of non-ferrous ores, metals and metal semi-finished goods

 

 

BRANCHES AND FACTORIES

 

 Branch:

                      Stappert Deutschland GmbH

                      Edisonstr. 19

                      D 59199 Bönen

                      TEL.: 02383/9570

                      FAX.: 02383/957010

                      Reg. entry: 21.12.2004

 Branch:

                      Stappert Deutschland GmbH

                      Landsberger Allee 366

                      D 12681 Berlin

                      TEL.: 030/428403-0

 Branch:

                      Stappert Deutschland GmbH

                      Josef-Beyerle-Str. 13

                      D 71263 Weil der Stadt

                      TEL.: 07033/5282-0

                      FAX.: 07033/4713

                      Reg. entry: 18.06.1993

 Branch:

                      Stappert Deutschland GmbH

                      Paul-Gerhardt-Allee 48

                      D 81245 München

                      TEL.: 089/82917-0

                      FAX.: 089/82917-200

 Branch:

                      Stappert Deutschland GmbH

                      Hugo-Aurig-Str. 7d

                      D 04319 Leipzig

                      TEL.: 0341/65972-0

 Branch:

                      Stappert Deutschland GmbH

                      Industriestr. 9

                      D 36272 Niederaula

                      TEL.: 06625-100-0

                      Reg. entry: 22.09.1994

 Branch:

                      Stappert Deutschland GmbH

                      Am Plärrer 27

                      D 90443 Nürnberg

                      TEL.: 0911/393626-0

 Branch:

                      Stappert Deutschland GmbH

                      An der Strusbek 54

                      D 22926 Ahrensburg

                      TEL.: 04102/474110

                      FAX.: 04102/474122

                      Reg. entry: 11.10.1922

 Branch:

                      Stappert Deutschland GmbH

                      Mitscherlichstr. 9

                      D 79108 Freiburg

                      TEL.: 0761/55965-0

 Branch:

                      Stappert Deutschland GmbH

                      Karl-Wiechert-Allee 76

                      D 30625 Hannover

                      TEL.: 0511/54097-0

 Branch:

                      Stappert Deutschland GmbH

                      Donaustr. 64-66

                      D 68199 Mannheim

                      TEL.: 0621/84216-0

 Branch:

                      Stappert Deutschland GmbH

                      Ronsdorfer Str. 24

                      D 40233 Düsseldorf

                      TEL.: 0211/99550-0

 Branch:

                      Stappert Deutschland GmbH

                      Wilhelmstr. 22

                      D 89073 Ulm

                      TEL.: 0731/140129-0

 

 

FINANCIAL INFORMATION

 

Payment experience:     within agreed terms

Negative information:    We have no negative information at hand.

Balance sheet year:       2012

 

 

REAL ESTATE

 

Type of ownership:        Tenant

Address                        Willstätterstr. 13

                                    D 40549 Düsseldorf

 

Land register documents were not available.

 

 

BANKERS

 

Principal bank

DEUTSCHE BANK, 40189 DÜSSELDORF

Sort. code: 30070010, Account no.: 3635000

BIC: DEUTDEDDXXX, IBAN: DE59300700100363500000

 

Further banks

BANKHAUS LAMPE, 40005 DÜSSELDORF

Sort. code: 48020151, Account no.: 1512196

BIC: LAMPDEDDXXX, IBAN: DE43480201510001512196

 

COMMERZBANK VORMALS DRESDNER BANK, 40002 DÜSSELDORF

Sort. code: 30080000

BIC: DRESDEFF300

 

UNICREDIT BANK - HYPOVEREINSBANK, 40212 DÜSSELDORF

Sort. code: 30220190, Account no.: 364055544

BIC: HYVEDEMM414, IBAN: DE30302201900364055544

 

 

FINANCIAL FIGURES

 

 Turnover:            2012               EUR        273,949,997.00

 Profit:              2012               EUR          7,650,083.00

 Equipment:                              EUR          1,252,246.00

 Ac/ts receivable:                       EUR         30,349,205.00

 Liabilities:                            EUR         45,153,438.00

 Employees:                                                    323

 - thereof permanent staff:                                    323

 

 

BALANCE SHEETS

 

Balance sheet ratios 01.01.2012 - 31.12.2012

Equity ratio [%]:                 64.07

Liquidity ratio:                   0.71

Return on total capital [%]:       5.34

 

Balance sheet ratios 01.01.2011 - 31.12.2011

Equity ratio [%]:                 64.12

Liquidity ratio:                   0.85

Return on total capital [%]:       7.51

 

Balance sheet ratios 01.01.2010 - 31.12.2010

Equity ratio [%]:                 68.22

Liquidity ratio:                   1.30

Return on total capital [%]:      12.14

 

Balance sheet ratios 01.01.2009 - 31.12.2009

Equity ratio [%]:                 63.77

Liquidity ratio:                   0.69

Return on total capital [%]:     -11.10

 

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        143,254,177.44

  Fixed assets                           EUR         58,068,739.12

   Intangible assets                     EUR             70,939.00

    Concessions, licences, rights        EUR             70,937.00

    Goodwill                             EUR                  2.00

   Tangible assets                       EUR          5,311,734.04

    Land / similar rights                EUR          4,059,488.04

    Other tangible assets / fixtures and

    fittings                             EUR          1,252,246.00

   Financial assets                      EUR         52,686,066.08

    Shares in participations /

    subsidiaries and the like            EUR         52,679,710.69

     Shares in related companies         EUR         52,679,710.69

    Other loans                          EUR              6,355.39

  Current assets                         EUR         85,165,613.66

   Stocks                                EUR         54,581,448.93

    Raw materials, consumables and

    supplies                             EUR            335,025.11

    Finished goods / work in progress    EUR         54,246,423.82

   Accounts receivable                   EUR         30,349,204.90

    Trade debtors                        EUR          8,713,255.68

    Amounts due from related companies   EUR         19,314,048.56

    Other debtors and assets             EUR          2,321,900.66

   Liquid means                          EUR            234,959.83

  Remaining other assets                 EUR             19,824.66

   Accruals (assets)                     EUR             19,824.66

 

 LIABILITIES                             EUR        143,254,177.44

  Shareholders' equity                   EUR         89,523,550.27

   Capital                               EUR          8,871,000.00

    Subscribed capital (share capital)   EUR          8,871,000.00

   Balance sheet profit/loss (+/-)       EUR         80,652,550.27

    Profit / loss brought forward        EUR         73,002,466.92

    Annual surplus / annual deficit      EUR          7,650,083.35

  Provisions                             EUR          8,577,188.88

   Pension provisions and comparable

   provisions                            EUR          5,162,486.29

   Other / unspecified provisions        EUR          3,414,702.59

  Liabilities                            EUR         45,153,438.29

   Financial debts                       EUR         15,129,289.37

    Liabilities due to banks             EUR         15,129,289.37

   Other liabilities                     EUR         30,024,148.92

    Trade creditors (for IAS incl. bills

    of exchange)                         EUR         26,788,079.93

    Liabililties due to related companiesEUR          2,531,697.63

    Unspecified other liabilities        EUR            704,371.36

     thereof liabilities from tax /

     financial authorities               EUR            315,501.09

     thereof liabilities from social

     security                            EUR             15,781.70

  Guarantees and other commitments       EUR          1,790,000.00

   Guarantees / warranties               EUR          1,790,000.00

 

 PROFIT AND LOSS ACCOUNT (cost-summary method) according to Comm.

 Code (HGB)

  Sales                                  EUR        273,949,996.50

  Other operating income                 EUR          2,817,230.08

  Cost of materials                      EUR        224,027,865.51

   Raw materials and supplies, purchased

   goods                                 EUR        224,027,865.51

  Gross result (+/-)                     EUR         52,739,361.07

  Staff expenses                         EUR         17,640,572.47

   Wages and salaries                    EUR         14,447,807.20

   Social security contributions and

   expenses for pension plans and

   benefits                              EUR          3,192,765.27

  Total depreciation                     EUR            982,565.99

   Depreciation on tangible / intangible

   asssets (incl. start-up and exp. of

   bus.                                  EUR            982,565.99

  Other operating expenses               EUR         21,674,667.06

  Operating result from continuing

  operations                             EUR         12,441,555.55

  Interest result (+/-)                  EUR           -439,398.54

   Interest and similar income           EUR            657,168.01

    thereof from related companies       EUR            577,288.36

   Interest and similar expenses         EUR          1,096,566.55

    thereof paid to related companies    EUR              3,700.15

  Other financial result                 EUR           -499,091.18

   Income from securities and loans from

   financial assets                      EUR                907.82

   Depreciation on financial assets and

   marketable securities                 EUR            499,999.00

  Financial result (+/-)                 EUR           -938,489.72

  Result from ordinary operations (+/-)  EUR         11,503,065.83

  Income tax / refund of income tax (+/-)EUR         -3,833,071.35

  Other taxes / refund of taxes          EUR            -19,911.13

  Tax (+/-)                              EUR         -3,852,982.48

  Annual surplus / annual deficit        EUR          7,650,083.35

 

 Type of balance

 sheet:               Company balance sheet

 

 Financial year:      01.01.2011 - 31.12.2011

 

 ASSETS                                  EUR        155,802,101.17

  Fixed assets                           EUR         64,088,456.54

   Intangible assets                     EUR            603,283.00

    Concessions, licences, rights        EUR            103,282.00

    Goodwill                             EUR            500,001.00

   Tangible assets                       EUR          5,536,332.04

    Land / similar rights                EUR          4,236,867.04

    Other tangible assets / fixtures and

    fittings                             EUR          1,299,465.00

   Financial assets                      EUR         57,948,841.50

    Shares in participations /

    subsidiaries and the like            EUR         57,923,709.69

     Shares in related companies         EUR         57,923,709.69

    Other loans                          EUR             25,131.81

  Current assets                         EUR         91,680,054.05

   Stocks                                EUR         55,763,429.52

    Raw materials, consumables and

    supplies                             EUR            280,325.52

    Finished goods / work in progress    EUR         55,483,104.00

   Accounts receivable                   EUR         35,043,860.43

    Trade debtors                        EUR          9,869,636.69

    Amounts due from related companies   EUR         23,710,530.11

    Other debtors and assets             EUR          1,463,693.63

   Liquid means                          EUR            872,764.10

  Remaining other assets                 EUR             33,590.58

   Accruals (assets)                     EUR             33,590.58

 

 LIABILITIES                             EUR        155,802,101.17

  Shareholders' equity                   EUR         91,873,466.92

   Capital                               EUR          8,871,000.00

    Subscribed capital (share capital)   EUR          8,871,000.00

   Balance sheet profit/loss (+/-)       EUR         83,002,466.92

    Profit / loss brought forward        EUR         71,346,517.96

    Annual surplus / annual deficit      EUR         11,655,948.96

  Provisions                             EUR         13,638,862.62

   Pension provisions and comparable

   provisions                            EUR          5,176,831.02

   Provisions for taxes                  EUR          4,523,400.00

   Other / unspecified provisions        EUR          3,938,631.60

  Liabilities                            EUR         50,289,771.63

   Financial debts                       EUR          8,125,000.00

    Liabilities due to banks             EUR          8,125,000.00

   Other liabilities                     EUR         42,164,771.63

    Trade creditors (for IAS incl. bills

    of exchange)                         EUR         33,459,882.93

    Liabililties due to related companiesEUR          8,201,688.23

    Unspecified other liabilities        EUR            503,200.47

     thereof liabilities from tax /

     financial authorities               EUR            251,797.24

     thereof liabilities from social

     security                            EUR                730.01

  Guarantees and other commitments       EUR          3,334,000.00

   Guarantees / warranties               EUR            166,000.00

    Warranties                           EUR            166,000.00

   Letters of support                    EUR          3,168,000.00

 

 PROFIT AND LOSS ACCOUNT (cost-summary method) according to Comm.

 Code (HGB)

  Sales                                  EUR        307,538,373.34

  Other operating income                 EUR          1,239,853.27

  Cost of materials                      EUR        252,044,624.87

   Raw materials and supplies, purchased

   goods                                 EUR        252,044,624.87

  Gross result (+/-)                     EUR         56,733,601.74

  Staff expenses                         EUR         17,877,957.36

   Wages and salaries                    EUR         15,145,659.86

   Social security contributions and

   expenses for pension plans and

   benefits                              EUR          2,732,297.50

  Total depreciation                     EUR         21,692,657.74

   Depreciation on tangible / intangible

   asssets (incl. start-up and exp. of

   bus.                                  EUR            985,425.12

   Depreciation on current assets (+/-)  EUR         20,707,232.62

  Operating result from continuing

  operations                             EUR         17,162,986.64

  Interest result (+/-)                  EUR           -505,984.73

   Interest and similar income           EUR            455,524.53

    thereof from related companies       EUR            361,061.90

   Interest and similar expenses         EUR            961,509.26

    thereof paid to related companies    EUR              4,991.99

  Other financial result                 EUR              5,921.67

   Income from securities and loans from

   financial assets                      EUR              5,921.67

  Financial result (+/-)                 EUR           -500,063.06

  Result from ordinary operations (+/-)  EUR         16,662,923.58

  Income tax / refund of income tax (+/-)EUR         -4,987,115.20

  Other taxes / refund of taxes          EUR            -19,859.42

  Tax (+/-)                              EUR         -5,006,974.62

  Annual surplus / annual deficit        EUR         11,655,948.96

 

FOREIGN EXCHANGE RATES

 

Currency
Unit

Indian Rupees

US Dollar

1

Rs.59.30

UK Pound

1

Rs.99.34

Euro

1

Rs.80.70

 

 

INFORMATION DETAILS

 

Analysis Done by :

DIV

 

 

Report Prepared by :

MNL

 

 

RATING EXPLANATIONS

 

RATING

STATUS

 

PROPOSED CREDIT LINE

>86

Aaa

Possesses an extremely sound financial base with the strongest capability for timely payment of interest and principal sums

 

Unlimited

71-85

Aa

Possesses adequate working capital. No caution needed for credit transaction. It has above average (strong) capability for payment of interest and principal sums

 

Large

56-70

A

Financial & operational base are regarded healthy. General unfavourable factors will not cause fatal effect. Satisfactory capability for payment of interest and principal sums

 

Fairly Large

41-55

Ba

Overall operation is considered normal. Capable to meet normal commitments.

 

Satisfactory

26-40

B

Capability to overcome financial difficulties seems comparatively below average.

 

Small

11-25

Ca

Adverse factors are apparent. Repayment of interest and principal sums in default or expected to be in default upon maturity

 

Limited with full security

<10

C

Absolute credit risk exists. Caution needed to be exercised

 

Credit not recommended

--

NB

                                       New Business

--

 

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.