|
Report Date : |
27.05.2014 |
IDENTIFICATION DETAILS
|
Name : |
EISENWERK SULZAU-WERFEN, R. & E. WEINBERGER AKTIENGESELLSCHAFT |
|
|
|
|
Registered Office : |
Werfen-Tenneck, A-5451
Tenneck |
|
|
|
|
Country : |
Austria |
|
|
|
|
Financials (as on) : |
31.12.2012 |
|
|
|
|
Year of Establishment : |
1790 |
|
|
|
|
Legal Form : |
Joint Stock Company |
|
|
|
|
Line of Business : |
·
Subject is specialises in work rolls for plate, hot-strip, CSP
(Compact Strip Production), ISP (Inline Strip Production), ESP (Endless Strip
Production), thin slab casting and rolling plants and Steckel mills. ·
Engaged as Casting of iron ·
Engaged in manufacturing rolls for rolling mills. |
|
|
|
|
No of Employees : |
Approximately 253 (2014) |
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) |
|
Austria |
A2 |
A2 |
|
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 |
AUSTRIA ECONOMIC OVERVIEW
Austria, with its well-developed
market economy, skilled labor force, and high standard of living, is closely
tied to other EU economies, especially Germany's. Its economy features a large
service sector, a sound industrial sector, and a small, but highly developed
agricultural sector. Following several years of solid foreign demand for
Austrian exports and record employment growth, the international financial
crisis of 2008 and subsequent global economic downturn led to a sharp but brief
recession. Austrian GDP contracted 3.8% in 2009 but saw positive growth of
about 2% in 2010 and 2.7% in 2011. Growth fell to 0.6% in 2012. Unemployment
did not rise as steeply in Austria as elsewhere in Europe, partly because the
government subsidized reduced working hour schemes to allow companies to retain
employees. The 2012 unemployment rate of 4.3% was the lowest within the EU.
Stabilization measures, stimulus spending, and an income tax reform pushed the
budget deficit to 4.5% in 2010 and 2.6% in 2011, from only about 0.9% in 2008.
The international financial crisis of 2008 caused difficulties for Austria's
largest banks whose extensive operations in central, eastern, and southeastern
Europe faced large losses. The government provided bank support - including in
some instances, nationalization - to support aggregate demand and stabilize the
banking system. Austria's fiscal position compares favorably with other
euro-zone countries, but it faces external risks, such as Austrian banks'
continued exposure to Central and Eastern Europe as well as political and
economic uncertainties caused by the European sovereign debt crisis. In 2011
the government attempted to pass a constitutional amendment limiting public
debt to 60% of GDP by 2020, but it was unable to obtain sufficient support in
parliament and instead passed the measure as a simple law. In March 2012, the
Austrian parliament approved an austerity package consisting of a mix of
expenditure cuts and new revenues that will bring public finances into balance
by 2016. In 2012, the budget deficit rose to 3.1% of GDP.
|
Source : CIA |
|
Company name: |
EISENWERK SULZAU-WERFEN, R.
& E. WEINBERGER AKTIENGESELLSCHAFT |
|
Status: |
active company |
|
Locations: |
Bundesstraße 4, A-5451 Tenneck |
|
Phone: |
0043 (6468) 5285 |
|
Fax: |
0043 (6468) 5285 - 555 |
|
E-mail: |
|
|
Internet: |
|
|
Activities: |
·
Subject is specialises in work rolls for plate, hot-strip, CSP
(Compact Strip Production), ISP (Inline Strip Production), ESP (Endless Strip
Production), thin slab casting and rolling plants and Steckel mills. ·
Engaged as Casting of iron ·
Engaged in manufacturing rolls for rolling mills. |
|
|
|
|
General Assessment: |
|
|
Probability of Default (Basel II): |
0,07% Very low risk |
|
comparison: |
The Rating of this company is better than industry
average. |
|
Recommendation: |
In respect to solvency reasons, there is nothing to say
against an establishment of a business relationship. |
|
|
|
|
Detail Assessment: |
Payment 250 Payments are made within net agreements. |
|
|
Assessment 250 Financial situation is satisfactory. |
|
Year of incorporation: |
1790 |
|
||||
|
Activities: |
|
|
||||
|
Type of company: |
Manufacturing |
|
||||
|
Legal form: |
joint stock company since 1988-06-09 |
|
||||
|
companies' house number: |
FN 39378 i Salzburg 1988-07-22 |
|
||||
|
ARA-number: |
9204 |
|
||||
|
VAT number: |
ATU 34009300 |
|
||||
|
number - Austrian National Bank: |
1657828 |
|
||||
|
|
|
|||||
|
|
||||||
|
Import |
Country |
|
|
|
||
|
Import |
Germany |
|
2014 |
|
||
|
Import |
Great Britain and Northern Ireland / United Kingdom |
|
2014 |
|
||
|
Export |
Country |
|
|
|
|
Export |
world-wide |
|
2014 |
|
|
total turnover (total sales) |
2013 |
EUR 61.200.000,00 |
(estimated) |
|
total turnover (total sales) |
2012 |
EUR 59.420.988,22 |
(exact) |
|
total turnover (total sales) |
2011 |
EUR 79.429.000,00 |
(exact) |
|
total turnover (total sales) |
2010 |
EUR 74.278.029,00 |
(exact) |
|
total turnover (total sales) |
2009 |
EUR 58.685.272,12 |
(exact) |
|
turnover (sales) - group |
2012 |
EUR 74.572.137,75 |
(exact) |
|
turnover (sales) - group |
2011 |
EUR 91.828.000,00 |
(approx.) |
|
total employees |
2014 |
253 |
(approx.) |
|
white collar workers |
2014 |
73 |
(approx.) |
|
blue collar workers |
2014 |
168 |
(approx.) |
|
apprentices |
2014 |
12 |
(approx.) |
|
total stock |
2013 |
EUR 9.500.000,00 |
(average) |
|
total company vehicles |
2014 |
5 |
(approx.) |
|
firm
(style): |
|
1
EISENWERK SULZAU-WERFEN, |
|
legal
form: |
|
1
Aktiengesellschaft |
|
registered
office: |
|
1
Werfen-Tenneck, politische Gemeinde Werfen |
|
business
adress: |
|
1
Werfen-Tenneck |
|
capital: |
|
29
EUR 6.000.000 |
|
reference
date annual accounts: |
|
1
31. Dezember |
|
annual
accounts: |
|
45
zum 31.12.2012 eingereicht am 05.07.2013 |
|
consolidated
accounts: |
|
44
zum 31.12.2012 eingereicht am 05.07.2013 |
|
power
of representation: |
|
11
Die Gesellschaft wird, wenn mehrere Vorstandsmitglieder |
|
other
provisions: |
|
11
Der Vorstand besteht aus einer Person, aus zwei, drei oder |
|
board
of directors: |
|
F
Mag Rudolf Weinberger, geb. 21.04.1946 |
|
proxy: |
|
D
Dipl-Wirt Ing (FH) Giuliano Cante |
|
supervisory
board: |
|
B
Dkfm Gerald Kantner, geb. 09.02.1940 |
|
general
table: |
|
Landesgericht Salzburg |
|
Registration number of real estate 44
Cadastral register 55511 Sulzau S Number and date of
entry 2073/2006 Status of 2013-07-30 |
|
Part
A - type of real estate : |
|
Fuchsengut samt Werksgebäuden |
|
Part
B - ownership details : |
|
1 ANTEIL: 1/1 |
|
Part
C - registered charges : |
|
2
a 976/1928 476/1984 |
|
Surname |
Date of birth |
Address |
Executive positions |
Further executive positions (as
registered in the companies' house) |
|
Dipl-Ing. Michael Brandner |
1962-01-28 |
5061 Elsbethen Glasenbach Austraße 19 a |
joint signing clerk |
0 |
|
(FH) Dipl-Vw Giuliano Cante |
|
Bad Reichenhall |
joint signing clerk |
0 |
|
Mag. Rudolf Weinberger |
1946-04-21 |
5451 Tenneck Windbichl |
chairman of the executive board, head of purchasing |
2 |
|
Mag. Heinz Luttenberger |
1946-12-18 |
8054 Graz Straßgang Salfeldstraße 89 |
member of the executive board, head of accounting, head of personnel |
2 |
|
Mag. Christian Mayer |
1949-04-13 |
1030 Wien Neulinggasse 14 |
chairman of the supervisory board |
7 |
|
Dkfm. Gerald Kantner |
1940-02-09 |
5020 Salzburg Doktorbauerstraße 3 |
deputy chairman of the supervisory board |
0 |
|
Franz Zwerschina |
1955-05-24 |
5451 Tenneck Werfen-Tenneck c/o |
member of the supervisory board |
0 |
|
Reinhold Zwerschina |
1964-11-20 |
5020 Salzburg Rennbahnstraße 4 |
member of the supervisory board |
0 |
|
Brigitta Weinberger |
1948-03-18 |
5451 Tenneck Bundesstraße 4(c/o) |
shareholder |
0 |
|
Dipl-Ing. Giuliano Cante |
|
5451 Tenneck Bundesstraße 4(c/o) |
head of sales, head of marketing |
0 |
|
Robert Griesebner |
|
5451 Tenneck Bundesstraße 4(c/o) |
head of EDP |
0 |
(absolute) all amounts in
EUR
|
|
2012-12-31 |
|
|
|
|
|
Franchises, patents, licences, trademarks and similar
rights and advantages |
167.258,77 |
|
|
|
|
|
Sum intangible assets |
167.258,77 |
|
|
|
|
|
|
|||||
|
Land and leasehold rights with buildings thereon including
building on land owned by third parties |
3.272.832,68 |
|
|
|
|
|
Other operating and business equipment |
4.841.785,05 |
|
|
|
|
|
Technical plants and machines |
5.385.299,27 |
|
|
|
|
|
Advanced payments and constructions in progress |
270.170,88 |
|
|
|
|
|
Sum tangible assets |
13.770.087,88 |
|
|
|
|
|
|
|||||
|
Shares on related firms |
5.738.469,50 |
|
|
|
|
|
Other shareholdings |
396,06 |
|
|
|
|
|
Loans to related firms |
3.036.740,81 |
|
|
|
|
|
Other financial assets, values and securities of fixed
assets |
9.548.912,08 |
|
|
|
|
|
Sum financial assets |
18.324.518,45 |
|
|
|
|
|
|
|||||
|
Sum fixed assets |
32.261.865,10 |
|
|
|
|
|
|
|||||
|
Raw-, auxiliary materials and supplies |
2.790.132,61 |
|
|
|
|
|
Unfinished products |
4.356.398,00 |
|
|
|
|
|
Finished products |
2.695.358,00 |
|
|
|
|
|
Advanced payments |
22.936,00 |
|
|
|
|
|
Sum stock |
9.864.824,61 |
|
|
|
|
|
|
|||||
|
Claims from delivered goods and performed services |
12.223.202,46 |
|
|
|
|
|
Claims against related firmes Claims against companies
with shareholding relationship |
22.924,97 |
|
|
|
|
|
Special account claims |
366.371,59 |
|
|
|
|
|
Sum claims |
12.612.499,02 |
|
|
|
|
|
|
|||||
|
Other securities |
3.837.274,86 |
|
|
|
|
|
Sum securities and shares |
3.837.274,86 |
|
|
|
|
|
|
|||||
|
Cash on hand, cheques and bank deposits |
7.626.333,06 |
|
|
|
|
|
Sum cash and bank |
7.626.333,06 |
|
|
|
|
|
|
|||||
|
Sum current assets |
33.940.931,55 |
|
|
|
|
|
|
|||||
|
Deferred charges |
13.368,65 |
|
|
|
|
|
Sum deferred charges |
13.368,65 |
|
|
|
|
|
Assets |
66.216.165,30 |
|
|
|
|
|
|
|||||
|
Subscribed/declared capital |
6.000.000,00 |
|
|
|
|
|
Legal reserves |
600.000,00 |
|
|
|
|
|
Free reserves |
24.601.940,71 |
|
|
|
|
|
Balance sheet profit/balance sheet loss |
8.845.271,44 |
|
|
|
|
|
Sum equity capital |
40.047.212,15 |
|
|
|
|
|
|
|||||
|
Valuation reserves and other reserves before taxes |
48.964,27 |
|
|
|
|
|
Sum reserves before taxes |
48.964,27 |
|
|
|
|
|
|
|||||
|
Investment contributions |
144.000,00 |
|
|
|
|
|
Sum floor capital |
144.000,00 |
|
|
|
|
|
|
|||||
|
Reserves for severance pays |
4.111.379,00 |
|
|
|
|
|
Reserves for pensions |
7.005.066,00 |
|
|
|
|
|
Tax reserves |
574.407,00 |
|
|
|
|
|
Other reserves |
8.975.360,69 |
|
|
|
|
|
Sum reserves |
20.666.212,69 |
|
|
|
|
|
|
|||||
|
Liabilities against credit institutes |
1.830,72 |
|
|
|
|
|
Received advanced payments for orders |
1.424.494,00 |
|
|
|
|
|
Liabilities from delivered goods and performed services |
2.942.657,68 |
|
|
|
|
|
Other liabilities |
940.793,79 |
|
|
|
|
|
Sum liabilities |
5.309.776,19 |
|
|
|
|
|
|
|||||
|
Liabilities |
66.216.165,30 |
|
|
|
|
|
|
|||||
|
Balance sheet sum |
66.216.165,30 |
|
|
|
|
(absolute) all amounts in
EUR
|
|
2012-12-31 |
|
|
|
|
|
Gross sales |
59.420.988,22 |
|
|
|
|
|
Increase or decrease in finished and unfinished goods and
in service claims |
1.172.426,00 |
|
|
|
|
|
Other manufacturing costs capitalized |
111.148,43 |
|
|
|
|
|
Total turnover or gross profit |
60.704.562,65 |
|
|
|
|
|
|
|||||
|
Profits from retirement of fixed assets, except financial
assets |
58.432,77 |
|
|
|
|
|
Income from dissolution of reserves |
890.083,98 |
|
|
|
|
|
Other operating profits |
1.854.459,40 |
|
|
|
|
|
Other operating profits totally |
2.802.976,15 |
|
|
|
|
|
|
|||||
|
Costs for obtained services |
-19.440,00 |
|
|
|
|
|
Material costs |
-21.554.995,18 |
|
|
|
|
|
Costs for obtained services totally |
-21.574.435,18 |
|
|
|
|
|
|
|||||
|
Wages |
-6.961.557,99 |
|
|
|
|
|
Salaries |
-5.184.851,91 |
|
|
|
|
|
Costs for severance pays |
-714.280,33 |
|
|
|
|
|
Costs for old age pension |
-856.658,66 |
|
|
|
|
|
Legal fringe benefits and other payments depending on
salaries |
-3.185.192,59 |
|
|
|
|
|
Other social fringe benefits |
-139.301,10 |
|
|
|
|
|
Personnel expenses totally |
-17.041.842,58 |
|
|
|
|
|
|
|||||
|
Depreciation of intangible assets, tangible
assets,activated expenses for the set up and expansion of business
operation |
-3.129.259,18 |
|
|
|
|
|
Depreciation tangible assets / intangible assets
totally |
-3.129.259,18 |
|
|
|
|
|
|
|||||
|
Other operating costs |
-10.101.431,30 |
|
|
|
|
|
Other taxes |
-149.988,92 |
|
|
|
|
|
Total costs |
-10.251.420,22 |
|
|
|
|
|
|
|||||
|
Operating result totally |
11.510.581,64 |
|
|
|
|
|
|
|||||
|
Profits from shareholdings |
1,09 |
|
|
|
|
|
Income from other securities and loans of financial
assets |
386.979,23 |
|
|
|
|
|
Interest income, securties income and similar income |
278.854,66 |
|
|
|
|
|
Profits from the retirement of and investment in financial
assets |
105.455,00 |
|
|
|
|
|
Disbursements from other financial assets and from
securities of current assets (e.g. depreciations) |
-47.254,80 |
|
|
|
|
|
Interest and similar disbursements |
-81.215,40 |
|
|
|
|
|
Financial profits totally |
642.819,78 |
|
|
|
|
|
|
|||||
|
Results from usual business activity
totally |
12.153.401,42 |
|
|
|
|
|
|
|||||
|
Taxes on income and profits |
-3.333.342,36 |
|
|
|
|
|
Taxes on income and profits totally |
-3.333.342,36 |
|
|
|
|
|
Annual surplus/annual deficit
totally |
8.820.059,06 |
|
|
|
|
|
|
|||||
|
Dissolution reserves before taxes |
25.212,38 |
|
|
|
|
|
Reserves movements totally |
25.212,38 |
|
|
|
|
|
Annual profit/annual loss
totally |
8.845.271,44 |
|
|
|
|
|
|
|||||
|
B/S profit/ B/S loss from profit and
loss account |
8.845.271,44 |
|
|
|
|
|
|
2012 |
|
|
|
|
|
|
Cash flow II |
11.949.318,24 |
|
|
|
|
|
|
Debt amortisation period |
1,09 |
|
|
|
|
|
|
Bank indebtedness |
0,00 |
|
|
|
|
|
|
Equity capital share |
62,10 |
|
|
|
|
|
|
Social capital share |
16,78 |
|
|
|
|
|
|
Fixed assets coverage |
159,18 |
|
|
|
|
|
|
Net profit ratio |
20,02 |
|
|
|
|
|
|
Capital turnover |
0,91 |
|
|
|
|
|
|
Return on investment |
18,47 |
|
|
|
|
|
|
Cash flow in % of operating performance |
19,68 |
|
|
|
|
|
|
Cash flow I |
15.282.660,60 |
|
|
|
|
|
|
Gross productivity |
3,56 |
|
|
|
|
|
|
Net productivity |
2,29 |
|
|
|
|
|
|
Operating performance |
60.704.562,65 |
|
|
|
|
|
|
Inventories in % of operating performance |
16,25 |
|
|
|
|
|
|
Gross profit |
39.130.127,47 |
|
|
|
|
|
|
Type |
Locations |
Description |
|
|
|
E-mail |
|
operational |
Bundesstraße 4, A-5451 Tenneck |
registered headquarters, owned property |
|
|
|
|
|
operational |
Werfen-Tenneck , A-5451 Tenneck |
registered office |
|
|
|
|
|
former |
Hietzinger Hauptstraße 46, A-1130 Wien |
branch agency |
|
Company name |
Postal code |
Stake in % |
Companies House |
|
|
Shares in this company are
held by: |
||||
|
Rudolf Weinberger Holding GmbH |
Gut Windbichl , A-5451 Tenneck |
100 % |
FN 167101 m |
|
|
|
||||
|
This company holds less than
50% of the shares in: |
||||
|
Schrottverband der Österr. Stahl- und Eisenwerke
Gesellschaft m.b.H. in Liqu. |
Dorotheergasse 7 (zuletzt), A-1010 Wien |
1 % |
|
|
|
Banker |
Bank sort code |
Type of banking connection |
|
UniCredit Bank Austria AG, 5027 Salzburg |
11000 |
main bank connection |
|
Year of incorporation: |
1790 |
|
Date of registration: |
1988-07-22 |
|
Change in share capital: |
||
|
From |
To |
Capital |
|
|
2000-08-16 |
ATS 40.000.000,00 |
|
2000-08-16 |
2002-10-28 |
EUR 5.000.000,00 |
|
2002-10-28 |
2006-07-20 |
EUR 5.480.000,00 |
|
2006-07-20 |
|
EUR 6.000.000,00 |
|
Former executives: |
|||
|
From |
To |
Function |
Name |
|
|
1998-05-01 |
member of the supervisory board |
Kurt Kühn |
|
|
1998-05-01 |
member of the supervisory board |
Mag. Max Ignaz Machanek |
|
2001-06-29 |
2011-06-07 |
member of the supervisory board |
Dkfm. Gerald Kantner |
|
2011-06-07 |
2013-11-01 |
member of the supervisory board |
Dr. Karin Exner Wöhrer |
|
|
1998-05-01 |
joint signing clerk |
Mag. Rudolf Weinberger |
|
1998-12-18 |
2001-01-30 |
chairman of the executive board |
Dkfm. Gerald Kantner |
|
|
1997-12-02 |
member of the executive board |
Dkfm. Gerald Kantner |
|
1997-12-02 |
1998-12-18 |
member of the executive board |
Dkfm. Gerald Kantner |
|
1998-05-01 |
2001-01-30 |
member of the executive board |
Mag. Rudolf Weinberger |
|
1998-05-01 |
2004-07-16 |
deputy chairman of the supervisory board |
Mag. Max Ignaz Machanek |
|
2005-01-20 |
2011-06-07 |
deputy chairman of the supervisory board |
Mag. Christian Mayer |
|
1998-05-01 |
2004-05-13 |
member of the supervisory board |
Dr. Wilfried Haslauer |
|
|
2010-05-05 |
member of the supervisory board |
Dipl-Ing. Josef Schnöll |
|
|
1997-08-02 |
joint signing clerk |
Helga Micek |
|
1998-07-24 |
2000-01-04 |
joint signing clerk |
Adolf Brachmann |
|
|
2001-06-29 |
joint signing clerk |
Dr. Karl Heinrich Schröder |
|
|
2003-07-23 |
joint signing clerk |
Dipl-Ing. Harald Hetzer |
|
1998-07-24 |
2010-09-22 |
joint signing clerk |
Dipl-Ing. August Husslig |
|
2008-07-22 |
2013-11-21 |
joint signing clerk |
Dr. Frank Schröder |
|
|
1997-12-02 |
chairman of the executive board |
Stephan Weinberger |
|
1997-12-02 |
1998-05-01 |
chairman of the supervisory board |
Stephan Weinberger |
|
|
1997-12-02 |
chairman of the supervisory board |
Dr. Oskar Weiss Tessbach |
|
1998-05-01 |
1998-12-18 |
chairman of the supervisory board |
Dipl-Ing. Ernst Tutschek |
|
1997-12-02 |
1998-05-01 |
deputy chairman of the supervisory board |
Dr. Rudolf Fries |
|
|
1997-12-02 |
member of the supervisory board |
Dr. Karl Pale |
|
2001-12-05 |
2008-05-20 |
joint signing clerk |
Dr. Klaus Maier |
|
1998-12-18 |
2011-06-07 |
chairman of the supervisory board |
Dr. Franz Leibenfrost |
|
2001-06-29 |
2009-08-19 |
joint signing clerk |
Dipl-Ing.Dr. Michael Windhager |
|
Former shareholders: |
|||
|
From |
To |
Function |
Name |
|
1993-07-22 |
2004-05-04 |
shareholder |
Stephan Weinberger |
|
1993-07-22 |
2013-05-28 |
shareholder |
Mag. Rudolf Weinberger |
|
Former shareholdings: |
||
|
From |
To |
Name |
|
1994-04-19 |
2001-05-31 |
Kleinwasserkraftwerks- betriebsgesellschaft m.b.H. |
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.58.58 |
|
UK Pound |
1 |
Rs.98.66 |
|
Euro |
1 |
Rs.79.81 |
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%)
This report is issued at your request without any
risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL)
or its officials.