MIRA INFORM REPORT

 

 

Report Date :

06.10.2014

 

IDENTIFICATION DETAILS

 

Name :

RÖCHLING LERIPA PAPERTECH GMBH & CO. KG

 

 

Registered Office :

Röchlingstraße  1, A-4151 Oepping

 

 

Country :

Austria

 

 

Financials (as on) :

31.12.2012

 

 

Date of Incorporation :

1993

 

 

Legal Form :

Limited Liability Partnership

 

 

Line of Business :

·         Manufacture of plastics in primary forms

·         Wholesale of other household goods

 

 

No. of Employees :

232

 

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 – June 1, 2014

 

Country Name

Previous Rating

(31.03.2014)

Current Rating

(01.06.2014)

Austria

A2

A2

 

Risk Category

ECGC Classification

Insignificant

 

A1

Low

 

A2

Moderate

 

B1

High

 

B2

Very High

 

C1

Restricted

 

C2

Off-credit

 

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 and address

 

 

Last up-date:

2014-10-02

Company name:

RÖCHLING LERIPA PAPERTECH GMBH & CO. KG

Status:

active company

Locations:

Röchlingstraße  1, A-4151 Oepping

Phone:

0043 (7289) 4611       

Fax:

0043 (7289) 4611 - 61

E-mail:

b.woegerbauer@leripa.com

E-mail:

robaproducts@leripa.com

Internet:

http://www.leripa.com

Activities:

Önace 20160 60% Manufacture of plastics in primary forms

 

Önace 46499 40% Wholesale of other household goods n.e.c.

 

General Assessment:

Model: CompanyScore

Probability of Default (Basel II):

0,06%

Very low risk

Recommendation:

In respect to solvency reasons, there is nothing to say against an establishment of a business relationship.

 

Detail Assessment:

Payments are sometimes made using cash discounts or according to conditions.

 

Company's solvency is sound. Earnings potential is positive.

 

 

Additional company information

 

Year of incorporation:

1993

 

Activities:

 

 

Type of company:

Manufacturing

 

Legal form:

limited liability partnership since 1993-04-05

 

companies' house number:

FN 30837 z Linz 1993-04-29

 

ARA-number:

7192

 

VAT number:

ATU 23848308

 

number - Austrian National Bank:

1975161

 

 

 

 

Import 

Country 

 

 

 

Import

USA

 

2014

 

Import

Germany

 

2014

 

Import

Japan

 

2014

 

Import

Great Britain and Northern Ireland / United Kingdom

 

2014

 

 

 

Export 

Country 

 

 

 

Export

world-wide

 

2014

 

 

 

Financial data

 

total turnover (total sales)

2013

EUR  39.000.000,00

(estimated)

total turnover (total sales)

2012

EUR  39.000.000,00

(approx.)

total turnover (total sales)

2011

EUR  39.433.415,47

(exact)

total turnover (total sales)

2010

EUR  31.627.248,66

(exact)

total turnover (total sales)

2009

EUR  25.310.757,83

(exact)

total employees

2014

232

(exact)

total stock

2014

EUR  3.500.000,00

(average)

total company vehicles

2014

15

(exact)

 

 

Extraxt from the Companies' House

 

firm (style):

   17      Röchling LERIPA Papertech
           GmbH & Co. KG

legal form:

    1      Kommanditgesellschaft
    1      Rechtsform besteht seit 29.04.1993

registered office:

    3      politischer Gemeinde Oepping

business adress:

   22      Röchlingstr. 1
           4151 Oepping

general partner:

         A   Röchling LERIPA Papertech GmbH
    1        vertritt seit 29.04.1993 selbständig

limited partner:

         C   Röchling Haren International
             Beteiligungs-GmbH
   15        ...............................................    EUR 500.000

reference date annual accounts:

    5      31. Dezember

annual accounts:

   27      zum 31.12.2013 eingereicht am 26.09.2014
    1   Gesellschaftsvertrag  vom 05.04.1993                                001

proxy:

         D   Mag.(FH) Petra Hofer, geb. 24.08.1975
   23        vertritt seit 01.03.2011 gemeinsam mit
             einem weiteren Gesamtprokuristen
         E   Klaus Winklhofer, geb. 24.12.1963
   23        vertritt seit 01.03.2011 gemeinsam mit
             einem weiteren Gesamtprokuristen

general table:

 Landesgericht Linz
   1 eingetragen am 29.04.1993                  Geschäftsfall  17 Fr   287/93 s
       Antrag auf Neueintragung einer Firma  eingelangt am 22.04.1993
   3 eingetragen am 27.04.1995                  Geschäftsfall  12 Fr  1279/95 f
       amtswegige Berichtigung
   4 eingetragen am 27.09.1995                  Geschäftsfall  12 Fr  2750/95 v
       amtswegige Nachbearbeitung
   5 eingetragen am 11.05.1999                  Geschäftsfall  34 Fr    53/99 z
       Antrag auf Änderung  eingelangt am 04.02.1999
  15 eingetragen am 04.05.2006                  Geschäftsfall  32 Fr  1048/06 b
       Antrag auf Änderung  eingelangt am 08.03.2006
  17 eingetragen am 04.01.2007                  Geschäftsfall  32 Fr    16/07 v
       Antrag auf Änderung  eingelangt am 02.01.2007
  22 eingetragen am 04.01.2011                  Geschäftsfall  32 Fr  8246/10 y
       Einschreiten von Amts wegen
  23 eingetragen am 05.03.2011                  Geschäftsfall  32 Fr  1867/11 a
       Antrag auf Änderung  eingelangt am 02.03.2011
  27 eingetragen am 27.09.2014
       Elektronische Einreichung Jahresabschluss  eingelangt am 26.09.2014

 

 

Real estate

 

Registration number of real estate  427  Cadastral register  47317  Öpping O  Number and date of entry  3431/2014  Status of  2014-09-29 

Part A - type of real estate  :

    GST-NR  G BA (NUTZUNG)          FLÄCHE  GST-ADRESSE
   4484/4   G GST-Fläche        *    15879
              Bauf.(10)               6260
              Landw(10)               2808
              Sonst(50)               6811  Röchlingstraße 1
   4484/5     GST-Fläche        *     7611
              Bauf.(10)               4351
              Sonst(50)               3260  Röchlingstraße 1
   4484/8   G GST-Fläche        *    12979
              Bauf.(10)               4348
              Landw(10)               3541
              Wasser(20)                70
              Sonst(50)               5020  Röchlingstraße 1
   4484/9   G Landw(10)         *     9798
   4484/10    GST-Fläche             20583
              Bauf.(10)                283
              Landw(10)              20140
              Sonst(10)                160  Röchlingstraße 2
    GESAMTFLAECHE                    66850
 Legende:
 Bauf.(10): Bauflächen(Gebäude)
 Landw(10): landwirtschaftlich genutzte Grundflächen(Äcker, Wiesen oder Weiden)
 Sonst(10): Sonstige(Straßenverkehrsanlagen)
 Sonst(50): Sonstige(Betriebsflächen)
 Wasser(20): Gewässer(Stehende Gewässer)
    2  a 2454/1993 Bauplatz (auf) Gst 4484/4
    3  a 1248/1996 Kaufvertrag 1995-11-20 Zuschreibung Gst 4484/5 aus EZ 61
    4  a 34/1994 Bauplatz (auf) Gst 4484/5
       b 1248/1996 Übertragung der vorangehenden Eintragung(en) aus EZ 61
    5  a 3867/2004 Kaufvertrag 2004-09-28 Zuschreibung Gst 4484/8 aus EZ 61
    6  a 3791/2004 Bauplatz (auf) Gst 4484/8 (Bescheid 2004-08-09)
    7  a 3522/2008 Kaufvertrag 2008-03-26 Zuschreibung Gst 4484/9 aus EZ 61
    8  a 4637/2011 Einbeziehung Gst 4484/6 4484/7 je ein 4484/4, Zuschreibung
           Gst 5010 aus EZ 428, Einbeziehung in Gst 4484/4 (P 806/11)
    9  a 4638/2011 Abschreibung Gst 4491/3 (Teil 2) aus EZ 61, Einbeziehung in
           Gst 4484/4 (P 806/11)
   10  a 3431/2014 Kaufvertrag 2014-04-22 Zuschreibung Gst 4484/10 aus EZ 61
 

Part B - ownership details  :

    1 ANTEIL: 1/1
      Röchling LERIPA Papertech GmbH & Co.KG (FN 30837z)
      ADR: Röchlingstr. 1, Oepping   4151
       b 2454/1993 Kaufvertrag 1993-09-07 Eigentumsrecht
       c 1469/2005 Namensänderung
       d 1469/2005 Adresse
       e 3522/2008 Namensänderung
       f 4160/2008 Berichtigung von Fehlern gem § 104 GBG
       g 3647/2011 Adressenänderung
 

Part C - registered charges  :

    1  a 179/1995
           DIENSTBARKEIT
           30 kV-Transformatorenstation "LERIPA" samt Erdkabel
           sowie Gehen und Fahren
           gem Pkt II III Dienstbarkeitsvertrag 1994-12-21
           hins Gst 4484/4
           für Oberösterreichische Kraftwerke Aktiengesellschaft
    2  a 1379/1936
           DIENSTBARKEIT Elektrischen Hochspannungsleitung
           gem Pkt 2 Dienstbarkeitsvertrag 1936-10-01
           für Linzer Elektrizitäts-, Fernwärme- und Verkehrsbetriebe
           Aktiengesellschaft
       b 3867/2004 Übertragung der vorangehenden Eintragung(en) aus EZ
           61
    3  a 803/1975 3329/2004 3791/2004
           DIENSTBARKEIT Elektrischen Hochspannungsleitung
           gem Pkt II - IV Dienstbarkeitsvertrag 1975-03-26
           hins Gst 4484/8
           für Oberösterreichische Kraftwerke Aktiengesellschaft
       b 3867/2004 Übertragung der vorangehenden Eintragung(en) aus EZ
           61
    4  a 1379/1936 3522/2008
           DIENSTBARKEIT Elektrischen Hochspannungsleitung
           gem Pkt 2 Dienstbarkeitsvertrag 1936-10-01
           für Linzer Elektrizitäts-, Fernwärme- und Verkehrsbetriebe
           Aktiengesellschaft
       b 3522/2008 Übertragung der vorangehenden Eintragung(en) aus EZ
           61
    5  a 803/1975 3329/2004 3791/2004 3867/2004 3522/2008
           DIENSTBARKEIT Elektrischen Hochspannungsleitung
           gem Pkt II - IV Dienstbarkeitsvertrag 1975-03-26
           hins Gst 4484/9
           für Oberösterreichische Kraftwerke Aktiengesellschaft
       b 3522/2008 Übertragung der vorangehenden Eintragung(en) aus EZ
           61
    6  a 1379/1936
           DIENSTBARKEIT Elektrischen Hochspannungsleitung
           gem Pkt 2 Dienstbarkeitsvertrag 1936-10-01
           für Linzer Elektrizitäts-, Fernwärme- und Verkehrsbetriebe
           Aktiengesellschaft
       b 4638/2011 Übertragung der vorangehenden Eintragung(en) aus EZ
           61
    7  a 803/1975 3329/2004 3791/2004 3867/2004
           DIENSTBARKEIT Elektrischen Hochspannungsleitung
           gem Pkt II - IV Dienstbarkeitsvertrag 1975-03-26
           hins Gst 4484/4
           für Oberösterreichische Kraftwerke Aktiengesellschaft
       b 4638/2011 Übertragung der vorangehenden Eintragung(en) aus EZ
           61
    8  a 1379/1936
           DIENSTBARKEIT Elektrischen Hochspannungsleitung
           gem Pkt 2 Dienstbarkeitsvertrag 1936-10-01
           für Linzer Elektrizitäts-, Fernwärme- und Verkehrsbetriebe
           Aktiengesellschaft
       b 3431/2014 Übertragung der vorangehenden Eintragung(en) aus EZ
           61
    9  a 803/1975 3329/2004 3791/2004 3867/2004
           DIENSTBARKEIT Elektrischen Hochspannungsleitung
           gem Pkt II - IV Dienstbarkeitsvertrag 1975-03-26
           hins Gst 4484/10
           für Oberösterreichische Kraftwerke Aktiengesellschaft
       b 3431/2014 Übertragung der vorangehenden Eintragung(en) aus EZ
           61
            Eintragungen ohne Währungsbezeichnung sind Beträge in ATS
 Grundbuch 29.09.2014 09:10:17
 

 

 

Private data

 

 

Surname

 

 

Date of birth

 

 

Address

 

 

Executive positions

 

Further executive positions (as registered in the companies' house)

Mag.(FH)  Petra Hofer

 

1975-08-24 

 

4151 Oepping Röchlingstraße 1(c/o)

joint signing clerk,

head of accounting,

head of purchasing,

head of EDP,

head of personnel

 

0

 

Klaus Winklhofer

 

1963-12-24 

 

4151 Oepping Röchlingstraße 1(c/o)

joint signing clerk,

technical director

 

0

 

Peter Eckestorfer

 

  

 

4151 Oepping Röchlingstraße 1(c/o)

head of sales,

head of marketing

 

0

 

 

 

Balance Sheet 

 

(absolute) all amounts in EUR 

 

2012-12-31 

Franchises, patents, licences, trademarks and similar rights and advantages

151.146,56

Sum intangible assets

151.146,56

Land and leasehold rights with buildings thereon including building on land owned by third parties

5.954.947,08

Other operating and business equipment

780.956,13

Technical plants and machines

4.312.899,92

Advanced payments and constructions in progress

103.681,31

Sum tangible assets

11.152.484,44

Shares on related firms

540.000,00

Other financial assets, values and securities of fixed assets

233.490,00

Sum financial assets

773.490,00

Sum fixed assets

12.077.121,00

Raw-, auxiliary materials and supplies

2.661.700,34

Unfinished products

649.401,23

Sum stock

3.311.101,57

Claims from delivered goods and performed services

4.757.686,67

Claims against related firmes Claims against companies with shareholding relationship

18.442.912,42

Special account claims

194.732,13

Sum claims

23.395.331,22

Cash on hand, cheques and bank deposits

233.384,20

Sum cash and bank

233.384,20

Sum current assets

26.939.816,99

Deferred charges

116.424,38

Sum deferred charges

116.424,38

Assets

39.133.362,37

Capital reserves

10.500.000,00

Profit reserves

16.953.000,00

Share general partner

500.000,00

Sum equity capital

27.953.000,00

Other reserves before taxes

340.049,60

Sum reserves before taxes

340.049,60

Reserves for severance pays

1.619.661,00

Other reserves

2.285.451,60

Sum reserves

3.905.112,60

Liabilities against credit institutes

212.500,00

Limited partnership

2.794.753,04

Received advanced payments for orders

314.097,57

Liabilities from delivered goods and performed services

2.327.428,32

Liabilities against related firms

381.427,73

Other liabilities

904.993,51

Sum liabilities

6.935.200,17

Liabilities

39.133.362,37

Balance sheet sum

39.133.362,37

P / L Account 

 

(absolute) all amounts in EUR 

 

2012-12-31 

Gross profit 

26.263.302,74

Total turnover or gross profit 

26.263.302,74

Profits from retirement of fixed assets, except financial assets 

8.900,01

Income from dissolution of reserves 

1.092.190,06

Other operating profits 

477.032,65

Other operating profits totally 

1.578.122,72

Wages 

-6.245.085,81

Salaries 

-3.385.073,48

Costs for severance pays 

-212.704,15

Legal fringe benefits and other payments depending on salaries 

-2.662.166,43

Other social fringe benefits 

-120.193,78

Personnel expenses totally 

-12.625.223,65

Depreciation of intangible assets, tangible assets,activated expenses for the set up and expansion of business operation 

-1.603.580,56

Depreciation tangible assets / intangible assets totally 

-1.603.580,56

Other operating costs 

-7.900.404,09

Other taxes 

-114.796,10

Total costs 

-8.015.200,19

Operating result totally 

5.597.421,06

Income from other securities and loans of financial assets 

7.148,20

Interest income, securties income and similar income 

131.617,18

Interest and similar disbursements 

-10.506,12

Financial profits totally 

128.259,26

Results from usual business activity totally 

5.725.680,32

Taxes on income and profits 

-23.580,19

Taxes on income and profits totally 

-23.580,19

Annual surplus/annual deficit totally 

5.702.100,13

Transfer to profit reserves 

-4.200.000,00

Reserves movements totally 

-4.200.000,00

Annual profit/annual loss totally 

1.502.100,13

B/S profit/ B/S loss from profit and loss account 

1.502.100,13

 

 

Key ratios

 

 

2012  

Cash flow II

  7.305.680,69

Debt amortisation period

  1,40

Bank indebtedness

  0,54

Equity capital share

  72,88

Social capital share

  4,13

Fixed assets coverage

  247,68

Net profit ratio

  0,00

Capital turnover

  0,00

Return on investment

  14,65

Cash flow in % of operating performance

  0,00

Cash flow I

  7.329.260,88

Gross productivity

  0,00

Net productivity

  0,00

Operating performance

  0,00

Inventories in % of operating performance

  0,00

Gross profit

  26.263.302,74

 

 

Locations

 

Type

Locations

Description

 

 

E-mail 

operational 

Röchlingstr.  1, A-4151 Oepping

registered office 

 

 

 

operational 

Röchlingstraße  1, A-4151 Oepping

registered headquarters, owned property 

 

 

b.woegerbauer@leripa.com

robaproducts@leripa.com

former 

Oepping  100, A-4151 Oepping

registered office 

 

 

 

former 

Oepping  100, A-4151 Oepping

registered headquarters 

 

 

 

former 

Stadtplatz  37, A-4150 Rohrbach Oberösterreich

registered headquarters 

 

 

 

 

 

related companies

 

Company name

 

Postal code

 

Stake in %

 

KSV-number

Companies House

 

Shares in this company are held by:

Röchling LERIPA Papertech GmbH

Röchlingstraße  1, A-4151 Oepping

1993-04-29

 

533.333

 

FN 92240 y

 

 

 

 

 

 

   20      Röchling LERIPA Papertech GmbH

    1      Gesellschaft mit beschränkter Haftung

   10      EUR 40.000

    1      Die Gesellschaft wird, wenn mehrere Geschäftsführer
           bestellt sind, durch zwei Geschäftsführer gemeinsam oder
           durch einen von ihnen gemeinsam mit einem Prokuristen
           vertreten.
           Die Generalversammlung kann, auch wenn mehrere Geschäfts-
           führer bestellt sind, einzelnen von ihnen selbständige
           Vertretungsbefugnis erteilen.
    1   Gesellschaftsvertrag  vom 05.04.1993                                001
          mit Nachtrag vom 06.04.1993 im Pkt. Drittens geändert.
    2   Gesellschafterbeschluss  vom 07.03.1995                             003
          Änderung des Gesellschaftsvertrages in Punkt "Viertens".
    2   Gesellschafterbeschluss  vom 07.03.1995                             004
          Aufhebung der Punkte "Zwölftens" und "Dreizehntens".
   10   Gesellschaftsvertrag mit Generalversammlungsbeschluss               005
          vom 21.03.2002
          gemäß 1. Euro-JuBeG angepasst.
   10   Generalversammlungsbeschluss  vom 21.03.2002                        006
          Kapitalerhöhung um EUR 3.663,58.
          Änderung des Gesellschaftsvertrages im Punkt Viertens.
   10   Generalversammlungsbeschluss  vom 21.03.2002                        007
          Änderung des Gesellschaftsvertrages im Punkt Siebtens.
   20   Generalversammlungsbeschluss  vom 20.11.2006                        008
          Änderung des Gesellschaftsvertrages in den Punkten Erstens
          und Zweitens

         D   Ing. Rüdiger Keinberger, geb. 04.04.1965
   16        vertritt seit 31.12.2004 selbständig

         C   Röchling Engineering Plastics KG
   10        .....................    EUR 40.000
   10        ................................................    EUR 40.000
                          ------------------------------------------------------
                   Summen:            EUR 40.000                 EUR 40.000

 

 

 

 

 

Röchling Haren International Beteiligungs-GmbH

Röchlingstraße  1, D-49733 Haren

2006-05-04

 

1.485.467

 

 

 

This company holds less than 50% of the shares in:

TDZ Technologie- und Dienstleistungszentrum Donau Böhmerwald Bezirk Rohrbach GmbH.

Veldnerstraße  29, A-4120 Neufelden

0.97 % 2001-01-11

 

1.125.121

 

FN 203706 v

 

Bankers:

 

 

 

Banker

Bank sort code

Type of banking connection

UniCredit Bank Austria AG, 4021 Linz/Donau

 

11000

 

main bank connection

 

Oberbank AG, 4150 Rohrbach

 

15000

 

secondary banking connection

 

Sparkasse Mühlviertel-West Bank Aktienges., 4150 Rohrbach

 

20334

 

secondary banking connection

 

 

 

 

 

Historical development

 

Year of incorporation:

1993

Date of registration:

1993-04-29

 

Change of company name:

From

To

Company name

  2007-01-04

   

Röchling LERIPA Papertech GmbH & Co. KG 

   

  2007-01-04

LERIPA Kunststoff GmbH & Co. KG 

 

Former shareholders:

From

To

Function

Name

  1993-04-29

  2006-05-04

limited partner 

Röchling Engineering Plastics KG 

 


 

FOREIGN EXCHANGE RATES

 

Currency

Unit

Indian Rupees

US Dollar

1

Rs.61.75

UK Pound

1

Rs.100.07

Euro

1

Rs.77.95

 

INFORMATION DETAILS

 

Analysis Done by :

DIV

 

 

Report Prepared by :

NIS

 

               

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

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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.