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Report Date : |
24.05.2014 |
IDENTIFICATION DETAILS
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Name : |
HELM DE MÉXICO
S.A. |
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Registered Office : |
Protón No.2, Parque Industrial Naucalpán, Postal Code 53,489,
Naucalpán de Juárez / Estado de México |
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Country : |
Mexico |
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Date of Incorporation : |
03.03.1966 |
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Legal Form : |
Joint-Stock Company |
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Line of Business : |
engaged in import and distribution of raw material for the pharmaceutical industry, human nutrition, animal nutrition, industrial chemicals and agrochemicals. Subject operates through the following divisions:
· Pharmaceutical Division Human Nutrition Division Animal Nutrition Division. Industrial Chemicals Division Agrochemicals Division |
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No of Employees : |
219 |
RATING & COMMENTS
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MIRA’s Rating : |
Ba |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
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Status : |
Satisfactory |
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Payment Behaviour : |
No Complaints |
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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
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Country Name |
Previous Rating (31.12.2013) |
Current Rating (31.03.2014) |
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Mexico |
A2 |
A2 |
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Risk Category |
ECGC
Classification |
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Insignificant |
A1 |
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Low Risk |
A2 |
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Moderate Low Risk |
B1 |
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Moderate Risk |
B2 |
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Moderate High Risk |
C1 |
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High Risk |
C2 |
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Very High Risk |
D |
Mexico ECONOMIC OVERVIEW
Mexico has a free market
economy in the trillion dollar class. It contains a mixture of modern and
outmoded industry and agriculture, increasingly dominated by the private sector.
Recent administrations have expanded competition in seaports, railroads,
telecommunications, electricity generation, natural gas distribution, and
airports. Per capita income is roughly one-third that of the US; income
distribution remains highly unequal. Since the implementation of the North
American Free Trade Agreement (NAFTA) in 1994, Mexico's share of US imports has
increased from 7% to 12%, and its share of Canadian imports has doubled to
5.5%. Mexico has free trade agreements with over 50 countries including
Guatemala, Honduras, El Salvador, the European Free Trade Area, and Japan -
putting more than 90% of trade under free trade agreements. In 2012 Mexico
formally joined the Trans-Pacific Partnership negotiations and in July it
formed the Pacific Alliance with Peru, Colombia and Chile. In 2007, during its
first year in office, the Felipe CALDERON administration was able to garner
support from the opposition to successfully pass pension and fiscal reforms.
The administration passed an energy reform measure in 2008 and another fiscal
reform in 2009. Mexico's GDP plunged 6.2% in 2009 as world demand for exports
dropped, asset prices tumbled, and remittances and investment declined. GDP
recovered during 2010-13 with exports - particularly to the United States -
leading the way. In November 2012, Mexico's legislature passed a comprehensive
labor reform which was signed into law by former President Felipe CALDERON.
Mexico's new PRI government, led by President Enrique PENA NIETO, has
emphasized economic reforms during its first year in office, passing education,
energy, financial, fiscal and telecommunications reform legislation.
Nevertheless, administration estimates show GDP growth slowed in 2013 to just
over 1%.
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Source : CIA |
IDENTIFICATION |
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CORRECT COMPANY NAME |
HELM DE MÉXICO
S.A. |
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TRADE NAME |
HELM |
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TAXPAYER REGISTRATION |
RFC HME660303531 |
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MAIN ADDRESS |
Protón No.2, Parque Industrial Naucalpán |
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POSTAL CODE |
53,489 |
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DEPT/PROV/REGION/STATE |
Naucalpán de Juárez / Estado de México |
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COUNTRY |
MEXICO |
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TELEPHONE |
(5255) 52289900 |
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FAX |
(55) 53005731 |
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CORPORATE E-MAIL |
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WEB |
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Other e-mail: privacidad@helm-mexico.com.mx jgonzalez@helm-mexico.com.mx ediaz@helm-mexico.com.mx |
EXECUTIVE SUMMARY |
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Date of foundation |
1966 |
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permanent employees |
219 |
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Chief Executive |
STREITZEL, STEFAN |
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Disposition |
Declined. For security reasons and/or
competition. |
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Payments policy |
Usually to terms / good |
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Number of times that this company was
required: 23 |
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REPUTATION |
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NOTHING AGAINST COMPANY |
LEGAL STRUCTURE |
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LEGAL STATUS |
Joint-Stock Company |
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DATE OF INCORPORATION |
03MAR1966 |
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PLACE OF REGISTRY |
Mexico D.F. |
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NOTARY OFFICE |
No.96 - Lic.Tomás O´Gorman |
DURATION |
99 years |
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REGISTRATION |
Book III, Volume 628, Page 337 Nº 220 |
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INITIAL CAPITAL |
Ps$.600.= Pesos (old Pesos) |
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PARENT COMPANY |
HELM AG (GERMANY) |
LISTED AT STOCK |
No |
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CURRENT EXCHANGE RATE (US$) |
Ps$.12,91 per USADollar |
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MEMBERSHIP |
National Chamber of Commerce, Services and
Tourism of Naucalpan |
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COMMENTS |
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HELM DE MEXICO is also affiliated to the Mexican-German Chamber of Commerce and Industry - CAMEXA.The company is associated with the "National Association of Chemical Industry AC (ANIQ) ".The company's mission is to generate added value to customers, suppliers, shareholders and society in general, marketing its products and services in a favorable environment.It features well-equipped areas according to the requirements of the products they handle. With a storage capacity of 10,000 square meters, cover all the Mexican Republic to give immediate response to customers. |
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DIRECTORSEXECUTIVES –
SHAREHOLDERS |
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WHO IS WHO? |
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STREITZEL,
STEFAN |
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TITLE |
General Manager |
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NATIONALITY |
German |
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DIAZ SANCHEZ,
ENRIQUE |
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TITLE |
Financial Manager |
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NATIONALITY |
Mexican |
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PROFESSION |
University graduate |
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GARCIA LOZANO,
RODRIGO |
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TITLE |
Technology Development Mg |
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NATIONALITY |
Mexican |
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PROFESSION |
University graduate |
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GONZALEZ
MARTINEZ, JAVIER |
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TITLE |
General Accountant |
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NATIONALITY |
Mexican |
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PROFESSION |
C.P.A. |
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HELM AG |
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BUSINESS
BACKGROUND It is an international organization dedicated to the marketing of chemicals and focused on national and international distribution of raw materials for the pharmaceutical industry, human nutrition, animal nutrition, industrial chemicals and agrochemicals. It was founded in 1900 in Germany and now the global group has 1,414 employees.Its corporate headquarters are located in Nordkanalstrasse 28, 20097 Hamburg, its Chairman is Mr. Hans-Christian Sievers.In 2012 recorded a turnover of 9,978 million Euros and in 2011 recorded a turnover of 9,503 million Euros, and has a own capital of 592 million Euros. |
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BUSINESS HISTORY |
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HELM DE MEXICO SA is a company controlled by German capital founded in 1966 in the City of Mexico. It is part of an international organization with more than 61 offices worldwide, through which they trade raw materials.It started in Mexico by importing and distributing raw material for the pharmaceutical industry and then, diversified products for the food industry, animal feed, industrial chemicals and agrochemicals, apart from establishing head offices in the City of Mexico. Later, they opened branches in strategic places of the country.RELATED COMPANIESThe subject is a subsidiary of "Helm AG" company based in Hamburg, Germany.The company "Helm AG" is a traditional family-owned company backed by over 110 years of existence in the market. "Helm AG" is a multinational distribution company that specializes in:. Organic and Inorganic Chemicals. Polyurethane and Plastic Chemicals. Human and Animal Nutrition. Fertilizers and Agrochemicals. Active Ingredients in the pharmaceutical industry and medicated products. Acids and Bases and Specialty ChemicalsAs an added value in their marketing efforts, offer a wide range of services to its business partners.Currently, "Helm AG" is one of the companies in the field of chemistry with greater independence in the market because it has over 61 offices and branches in over 30 countries. The other subsidiaries of "Helm AG" are as follows:-Helm Andina Ltda. (Colombia)-Helm do Brasil Mercantil Ltda. (Brazil)-Helm Argentina S.R.L. (Argentina)-Helm Fertilizer Corporation (United States)-Helm Italia S.R.L. (Italy)-Helm Ibérica S.A. (Spain)-Helm France S.A.R.L. (France)-Helm Great Britain Ltd. (UK)-Helm Portugal Lda. (Portugal)-Helm Austria Ges.M.B.H. (Austria)-D3 Chemie SAS (France)-Helm Hong Kong Ltd. (Hong Kong)-Helm Japan Ltd. (Japan)Among others |
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RELATED COMPANIES TO SUBJECT COMPANY OR TO MAJORITY SHAREHOLDER |
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BUSINESS |
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SIC Classification |
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Main activity |
The company is engaged in import and distribution of raw material for the pharmaceutical industry, human nutrition, animal nutrition, industrial chemicals and agrochemicals.It operates through the following divisions:Pharmaceutical Division offers to laboratories in Mexico more than 100 products of active ingredients, excipients and other specialties. They have two technical departments and a pilot plant and a team of professionals in the fields of coating and pharmaceutical specialties.Human Nutrition Division offers a wide variety of additives to be applied in different areas of food industry; Dairy, meat, beverages, bakery, confectionery, flavors, canned food and poultry. They offer technical advice and the ability to use their pilot plant for testingAnimal Nutrition Division. More than 60 products, as additives and premixes for the balanced feed industry are traded. Besides, technicians provide specialized services in formulations, monitoring the stability of vitamins, determining mycotoxins, as well as offering field support. All in all, they deliver a comprehensive service to enhance and increase productivity with its customers.Industrial Chemicals Division: With the background of direct import sales to the Mexican market in 2004 decided to found the Industrial Chemicals Division, to offer raw materials focused on paints industry, adhesives, resins and coatings.Through the international network of Helm and substantially larger amounts managed by the group worldwide, Chemical Division supported by international producers, offers excellent quality products at highly competitive pricesAgrochemicals Division:Founded in 2004 and it offers a wide range of products for crop protection, sold under its own brand Helm and destined to vegetables, grains, pastures and orchards. Helm invests in intellectual property and has extensive experience in and formulation development to offer its customers the latest generation agrochemicals with the highest quality.Trademark: HELM |
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OPERATIONS |
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Import |
Yes |
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Country |
Germany, France, Belgium, United States,
Colombia, India, Taiwan, etc.. By direct credit of 60 Days. |
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Export |
No |
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% CASH SALES / METHOD |
30% |
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% Credit SALES / Terms |
70% terms: 30, 45 Days |
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% DOMESTIC PURCHASES |
1% |
% FOREIGN PURCHASES |
99% |
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SELLING TerritorY |
100% Nationally |
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EMPLOYEES |
219 |
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Comments |
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According to Customs, the Company was entered in the Importers Register, Sector 83 - Chemicals on May 4, 2006 and Sector 37 - Precursor Chemicals and Essential Chemicals on February 12, 2008.CLIENTS: The company serves the organic and inorganic chemical industry, fertilizers, agrochemicals, pharmaceuticals, human nutrition and animal nutrition. |
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FINANCIAL INFORMATION |
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Disposition |
Declined. For security reasons and/or
competition. |
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Interviewee(s) |
C.P. Javier Gonzalez Martínez |
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Position(s) |
General Accountant |
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Information provided |
All the information contained in this report has been collected from outside sources, as it was not possible to get it from the Company under confidentiality policy. We directly reached C.P.A. Javier González Martínez (General Accountant) but even though we revealed the name of the company requesting this report he insists that information be directly requested by them, because they do not such company. Third party sources refer that its annual sales amount to US$190 million dollars approximately. |
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SALES |
US$ 0.00 () |
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FINANCIAL SITUATION |
A-: SATISFACTORYIt should be mentioned that HELM DE MEXICO S.A is a company controlled by German capital founded in 1966, which has traditionally maintained a good credit record and administrative stability. It is backed by its Parent Company. No adverse or financial restraints found. |
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Property of company comments |
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Main assets of the Company include:- Transport and logistic network for the eight distribution centers- Quality control laboratory equipment - Pilot plants equipped with high technology for problem solving and the development and optimization of specific processes that can be implemented in the customers premises.- Warehouses designed specifically for handling of pharmaceuticals; area covers 10,000 m2- Cutting-edge software for an efficient logistics- Office furniture and fixtures- Computer equipmentetc. |
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INSURANCE COMPANY |
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TRADE REFERENCES, CREDIT BUREAU, LAWSUITS,
BANKS (Confidential Information) |
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TRADE REFERENCES |
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Subject is a very important and very well
referred company in the market and no negative notes againts it appears in
credit bureaus. |
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Note : Other
suppliers did not provide information or could not be consulted |
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No adverse information was found against this Company in the consulted sources. |
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FOREIGN EXCHANGE RATES
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Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
Rs.58.48 |
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UK Pound |
1 |
Rs.98.67 |
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Euro |
1 |
Rs.79.81 |
INFORMATION DETAILS
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Analysis Done by
: |
SUM |
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Report Prepared
by : |
MNL |
RATING EXPLANATIONS
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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>86 |
Aaa |
Possesses an extremely sound financial base with the strongest
capability for timely payment of interest and principal sums |
Unlimited |
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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 |
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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 |
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41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
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26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
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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 |
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<10 |
C |
Absolute credit risk exists. Caution needed to be exercised |
Credit not
recommended |
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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.