MIRA INFORM REPORT
|
Report Date : |
18.10.2014 |
IDENTIFICATION DETAILS
|
Name : |
FASTEMS OY AB |
|
|
|
|
Registered Office : |
Tuotekatu 4, 33840, Tampere |
|
|
|
|
Country : |
Finland |
|
|
|
|
Financials (as on) : |
31.12.2013 |
|
|
|
|
Date of Incorporation : |
31.12.1998 |
|
|
|
|
Com. Reg. No.: |
15077051 |
|
|
|
|
Legal Form : |
Limited company |
|
|
|
|
Line of Business : |
Manufacture of lifting and handling equipment |
|
|
|
|
No. of Employees : |
Not Available |
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 : |
Slow but correct |
|
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) |
|
Finland |
A2 |
A2 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
|
Moderate |
B1 |
|
High |
B2 |
|
Very High |
C1 |
|
Restricted |
C2 |
|
Off-credit |
D |
FINLAND - ECONOMIC OVERVIEW
Finland has a highly
industrialized, largely free-market economy with per capita output almost as
high as that of Austria, Belgium, the Netherlands, or Sweden. Trade is
important, with exports accounting for over one-third of GDP in recent years.
Finland is historically competitive in manufacturing - principally the wood,
metals, engineering, telecommunications, and electronics industries. Finland
excels in export of technology for mobile phones as well as promotion of
startups in the ICT, gaming, cleantech, and biotechnology sectors. Except for
timber and several minerals, Finland depends on imports of raw materials,
energy, and some components for manufactured goods. Because of the climate,
agricultural development is limited to maintaining self-sufficiency in basic
products. Forestry, an important export earner, provides a secondary occupation
for the rural population. Finland had been one of the best performing economies
within the EU in recent years and its banks and financial markets avoided the
worst of global financial crisis. However, the world slowdown hit exports and
domestic demand hard in 2009, with Finland experiencing one of the deepest
contractions in the euro zone. A recovery of exports, domestic trade, and
household consumption stimulated economic growth in 2010-11, however, continued
recession within the EU dampened the economy in 2012-13. The recession affected
general government finances and the debt ratio, turning previously strong
budget surpluses into deficits, but Finland took action to ensure it that it
met the EU deficit targets in 2013 and retained its triple-A credit rating.
Finland's main challenge will be to stimulate growth while faced with weak
export demand in the EU and its own government austerity measures. Longer-term,
Finland must address a rapidly aging population and decreasing productivity in
traditional industries that threaten competitiveness, fiscal sustainability,
and economic growth
|
Source
: CIA |
Company
name and address
|
Trading Name |
FASTEMS OY AB |
Trade Registry Number |
|
|
|
|
Company Name |
FASTEMS OY AB |
Business ID |
15077051 |
|
|
|
Telephone Number |
032685111 |
Registered Address |
TUOTEKATU 4, 33840, TAMPERE |
|
|
|
Fax Number |
032685000 |
Visiting Address |
Tuotekatu 4, 33840, TAMPERE |
|
|
|
Home Municipality |
Tampere |
Postal Address |
-, -, - |
|
|
|
Incorporation Date |
31.12.1998 |
Branches |
4 |
|
|
|
Company Type |
Limited company |
Website Address |
|
|
|
|
Primary Sic Code |
28220 |
Accountant |
Holmberg Jan Olof Osvald |
||
|
Primary Sic Description |
Manufacture of lifting and handling equipment |
Last Accounts Date |
31.12.2012 |
|
|
|
Share Capital (€) |
2.304.900 |
Holding Company |
|
|
|
|
Deals in importing |
Yes |
Foreign Ownership |
No |
|
|
|
Deals in exporting |
Yes |
Currency |
EUR |
|
|
DIRECTORS/MANAGEMENT
Current Directors
|
Name |
Hedenborg Tomas Peter Emanuel |
|
|
|
Date of Birth |
12.04.1959 |
Appointment Date |
11.06.2014 |
|
Nationality |
FINLAND |
Function |
Actual Member of Board |
|
Name |
Aminoff Arthur Stefan |
|
|
|
Date of Birth |
09.01.1969 |
Appointment Date |
11.06.2014 |
|
Nationality |
FINLAND |
Function |
Actual Member of Board |
|
Name |
Aminoff Philip Gustav |
|
|
|
Date of Birth |
06.10.1962 |
Appointment Date |
11.06.2014 |
|
Nationality |
FINLAND |
Function |
Chairman of Board |
|
Name |
Hedenborg Tomas Peter Emanuel |
|
|
|
Date of Birth |
12.04.1959 |
Appointment Date |
18.12.2013 |
|
Nationality |
FINLAND |
Function |
Managing director |
NEGATIVE
INFORMATION
No negative information found.
SHARE
& SHARE CAPITAL INFORMATION
|
Share Capital (€) |
2.304.900 |
PAYMENT
INFORMATION
N/a
GROUP
STRUCTURE & AFFILIATED COMPANIES
Group structure
|
Company Name |
|
Registered Number |
Latest Key Financials |
Percentage Owned |
Turnover |
|
|
|
17611262 |
31.12.2012 |
- |
€1 605 165 |
|
|
|
15077051 |
31.12.2012 |
91% |
€81 207 232 |
|
|
|
5562188309 |
31.12.2013 |
100% |
18 845
KSEK |
|
|
|
HRB 534085 |
31.12.2012 |
100% |
- |
|
|
|
N/A |
- |
100% |
- |
|
|
|
N/A |
- |
100% |
- |
|
|
|
US10093322 |
- |
100% |
$4 070 000 |
|
|
|
05618152 |
31.12.2013 |
100% |
£463 000 |
|
|
|
MI1794161 |
31.12.2013 |
100% |
€1 084 546 |
|
|
|
N/A |
- |
100% |
- |
|
|
|
N/A |
- |
100% |
- |
|
|
|
N/A |
- |
100% |
- |
|
|
|
N/A |
- |
100% |
- |
|
|
|
N/A |
- |
100% |
- |
|
|
|
HRB 31894 |
31.12.2011 |
100% |
- |
|
|
|
05386096 |
31.12.2012 |
100% |
€60 000 |
|
|
|
N/A |
- |
100% |
- |
HELVAR
MERCA OY AB Linked Companies
|
Name |
|
Number |
Latest Key financials |
Turnover |
|
HELVAR LIMITED |
|
01478926 |
31.12.2012 |
£10 370 900
|
|
PNEUMOTEC
BETEILIGUNGSGESELLSCHAFT MBH |
|
HRB 10132 |
31.12.2011 |
- |
|
HELVAR OY AB |
|
01088518 |
- |
- |
|
HELVAR MERCA OY
AB |
|
01115221 |
- |
- |
|
FASTEMS SYSTEMS GMBH |
|
HRB 12692 |
31.12.2012 |
- |
|
ELECTROSONIC SYSTEMS, INC |
|
US11837017 |
- |
$8 024 000 |
FINANCIAL
INFORMATION
Key Financials (€)
|
Year |
31.12.2013 |
% |
31.12.2012 |
% |
31.12.2011 |
|
31.12.2010 |
|
Number of weeks |
52 |
|
52 |
|
52 |
|
52 |
|
Turnover |
76.204.493 |
-6% |
81.207.232 |
22% |
66.304.698 |
|
48.856.604 |
|
Operating Profit/Loss |
-4.397.361 |
- |
160.955 |
-51% |
325.243 |
|
1.468.522 |
|
Profit/Loss after Financial Items |
-3.118.372 |
- |
443.696 |
-1% |
447.528 |
|
1.382.096 |
|
Profit/Loss after tax |
-2.666.185 |
- |
323.379 |
95% |
165.658 |
|
910.783 |
|
Current Assets |
35.864.834 |
2% |
35.296.382 |
-15% |
41.402.863 |
|
38.995.160 |
|
Fixed Assets |
13.094.532 |
-15% |
15.332.237 |
16% |
13.220.858 |
|
12.499.643 |
|
Long Term Debts |
4.270.671 |
3% |
4.152.618 |
10% |
3.761.655 |
|
2.369.369 |
|
Current Liabilities |
28.777.282 |
19% |
24.148.819 |
-14% |
28.195.093 |
|
21.385.511 |
|
Shareholders Equity |
15.911.413 |
-29% |
22.327.182 |
-1% |
22.666.973 |
|
27.739.923 |
|
Balance sheet total |
48.959.366 |
-3% |
50.628.619 |
-7% |
54.623.721 |
|
51.494.803 |
|
Number of employees |
378 |
|
362 |
|
267 |
|
290 |
|
Auditor qualification |
The auditor has no reservations |
|
The auditor has no reservations |
|
The auditor has no reservations |
|
Not audited |
Ratios
|
Year |
31.12.2013 |
|
31.12.2012 |
|
31.12.2011 |
|
31.12.2010 |
|
Solvency Ratio |
33% |
|
44% |
|
42% |
|
54% |
|
|
Moderate Indebtedness |
|
Low Indebtedness |
|
Low Indebtedness |
|
Low Indebtedness |
|
Net margin (%) |
-4% |
|
1% |
|
1% |
|
3% |
|
Interest Coverage Ratio (times) |
-70 |
|
4 |
|
13 |
|
9 |
|
Gearing (%) |
27% |
|
19% |
|
17% |
|
10% |
|
Liquidity Ratio/Acid Test |
1 |
|
1 |
|
1 |
|
2 |
|
Risk Buffer (%) |
-6% |
|
1% |
|
1% |
|
2% |
Shareholder Information
|
Year |
31.12.2013 |
|
|
Total Value of Shares |
2.304.900 |
|
|
Number of Shares |
7.683 |
|
|
Value of Shares |
|
|
Profit & Loss (€)
|
|
Operating Income |
31.12.2013 |
% |
31.12.2012 |
% |
31.12.2011 |
|
31.12.2010 |
|
|
Number of weeks |
52 |
|
52 |
|
52 |
|
52 |
|
|
Consolidated Accounts |
no |
|
no |
|
no |
|
yes |
|
|
Sales Revenue |
76.204.493 |
-6% |
81.207.232 |
22% |
66.304.698 |
|
48.856.604 |
|
|
Other Operating Income |
150.421 |
-75% |
610.958 |
1678% |
34.368 |
|
150.672 |
|
|
Total Operating Income |
76.354.914 |
-7% |
81.818.190 |
23% |
66.339.066 |
|
49.007.276 |
|
|
Wages & Salaries |
21.701.333 |
6% |
20.377.022 |
33% |
15.313.970 |
|
16.503.619 |
|
|
Depreciation |
2.846.079 |
69% |
1.682.247 |
61% |
1.043.936 |
|
1.073.998 |
|
|
Total Operating Expenses |
80.752.275 |
-1% |
81.657.235 |
24% |
66.013.823 |
|
47.538.754 |
|
|
Operating Profit/Loss |
-4.397.361 |
- |
160.955 |
-51% |
325.243 |
|
1.468.522 |
|
|
Result From Financial Investments |
|||||||
|
|
Financial Income |
1.322.997 |
209% |
428.592 |
171% |
158.309 |
|
93.346 |
|
|
Financial Expenses |
44.008 |
-70% |
145.851 |
305% |
36.024 |
|
179.772 |
|
|
Total Financial Investments |
1.278.989 |
352% |
282.741 |
131% |
122.285 |
|
-86.426 |
|
|
Profit/Loss after Financial Items |
-3.118.372 |
- |
443.696 |
-1% |
447.528 |
|
1.382.096 |
|
|
Extraordinary Income |
488.500 |
- |
0 |
- |
0 |
|
0 |
|
|
Extraordinary Expenses |
0 |
- |
0 |
- |
0 |
|
0 |
|
|
Profit/Loss Before Tax |
-2.629.873 |
- |
443.696 |
-1% |
447.528 |
|
1.382.096 |
|
|
Tax |
36.312 |
-70% |
120.317 |
-57% |
281.870 |
|
471.313 |
|
|
Profit/Loss After Tax |
-2.666.185 |
- |
323.379 |
95% |
165.658 |
|
910.783 |
Balance Sheet (€)
|
|
Assets |
12.2013 |
% |
12.2012 |
% |
12.2011 |
|
12.2010 |
|
|
Number of weeks |
52 |
|
52 |
|
52 |
|
52 |
|
|
Consolidated Accounts |
no |
|
no |
|
no |
|
yes |
|
|
Fixed Assets |
|||||||
|
|
Intangible Assets |
1.621.519 |
-47% |
3.073.211 |
-17% |
3.717.431 |
|
3.577.183 |
|
|
Tangible Assets |
6.988.171 |
-8% |
7.632.773 |
-8% |
8.275.108 |
|
8.911.364 |
|
|
Other Fixed Assets |
4.484.842 |
-3% |
4.626.253 |
277% |
1.228.319 |
|
11.096 |
|
|
Total Fixed Assets |
13.094.532 |
-15% |
15.332.237 |
16% |
13.220.858 |
|
12.499.643 |
|
|
Current Assets |
|||||||
|
|
Inventories |
5.754.374 |
-40% |
9.570.582 |
18% |
8.138.843 |
|
6.570.591 |
|
|
Trade Receivables |
22.908.039 |
42% |
16.151.300 |
16% |
13.886.086 |
|
9.881.652 |
|
|
Other Receivables |
6.544.972 |
-31% |
9.542.981 |
-50% |
18.918.163 |
|
20.264.941 |
|
|
Cash & Bank Balances |
657.449 |
1986% |
31.519 |
-93% |
459.771 |
|
2.277.976 |
|
|
Other Current Assets |
0 |
- |
0 |
- |
0 |
|
0 |
|
|
Total Current Assets |
35.864.834 |
2% |
35.296.382 |
-15% |
41.402.863 |
|
38.995.160 |
|
|
Total Assets |
48.959.366 |
-3% |
50.628.619 |
-7% |
54.623.721 |
|
51.494.803 |
Equity and Liabilities (€)
|
|
EQUITY |
|||||||
|
|
Share Capital |
2.304.900 |
0% |
2.304.900 |
0% |
2.304.900 |
|
2.270.100 |
|
|
Share Premium Reserve |
0 |
- |
0 |
- |
0 |
|
0 |
|
|
Retained Earnings |
11.347.842 |
-36% |
17.763.611 |
-2% |
18.103.402 |
|
23.690.232 |
|
|
Other Reserves |
2.258.671 |
0% |
2.258.671 |
0% |
2.258.671 |
|
1.779.591 |
|
|
Total Equity |
15.911.413 |
-29% |
22.327.182 |
-1% |
22.666.973 |
|
27.739.923 |
|
|
LONG TERM LIABILITIES |
|||||||
|
|
Long Term Liabilities to Financial Institutions |
0 |
- |
0 |
- |
0 |
|
734.643 |
|
|
Other Long Term Liabilities Finance |
0 |
- |
0 |
- |
0 |
|
0 |
|
|
Other Long Term Liabilities |
4.270.671 |
3% |
4.152.618 |
10% |
3.761.655 |
|
1.634.726 |
|
|
Total Long Term Debts |
4.270.671 |
3% |
4.152.618 |
10% |
3.761.655 |
|
2.369.369 |
|
|
CURRENT LIABILITIES |
|||||||
|
|
Trade Payables |
3.776.601 |
-48% |
7.215.961 |
23% |
5.887.169 |
|
4.881.065 |
|
|
Liabilities to Financial Institutions |
0 |
- |
0 |
- |
0 |
|
275.714 |
|
|
Other Short Term Financial Loans |
0 |
- |
0 |
- |
0 |
|
0 |
|
|
Other Short Term Liabilities |
25.000.681 |
48% |
16.932.858 |
-24% |
22.307.924 |
|
16.228.732 |
|
|
Total Current Liabilities |
28.777.282 |
19% |
24.148.819 |
-14% |
28.195.093 |
|
21.385.511 |
|
|
Total Liabilities |
33.047.953 |
17% |
28.301.437 |
-11% |
31.956.748 |
|
23.754.880 |
|
|
Total Equity & Liabilities |
48.959.366 |
-3% |
50.628.619 |
-7% |
54.623.721 |
|
51.494.803 |
Other Financials (€)
|
|
Working Capital |
7.087.552 |
-36% |
11.147.563 |
-16% |
13.207.770 |
|
17.609.649 |
|
|
Net Worth |
14.289.894 |
-26% |
19.253.971 |
2% |
18.949.542 |
|
24.162.740 |
Key Ratios
|
|
|
31.12.2013 |
|
31.12.2012 |
|
31.12.2011 |
|
31.12.2010 |
|
|
Number of weeks |
52 |
|
52 |
|
52 |
|
52 |
|
|
Consolidated Accounts |
no |
|
no |
|
no |
|
yes |
|
|
PROFITABILITY |
|||||||
|
|
Net Margin % |
-4,1% |
|
0,6% |
|
0,7% |
|
2,8% |
|
|
Operating Profit/Loss % |
-5,8% |
|
0,2% |
|
0,5% |
|
3,0% |
|
|
Pre-Tax Profit Margin % |
-3,5% |
|
0,6% |
|
0,7% |
|
2,8% |
|
|
TRADING PERFORMANCE |
|||||||
|
|
Return on Net Assets Employed % |
-16,5% |
|
2,0% |
|
2,0% |
|
5,0% |
|
|
Return on Total Capital % |
-6,3% |
|
1,2% |
|
0,9% |
|
3,0% |
|
|
Interest Coverage Ratio (times) |
-70 |
|
4 |
|
13 |
|
9 |
|
|
Return on Capital Employed % |
-13,0% |
|
1,7% |
|
1,7% |
|
4,6% |
|
|
Return on Total Assets Employed % |
-5,4% |
|
0,9% |
|
0,8% |
|
2,7% |
|
|
Interest on Debt % |
0,1% |
|
0,5% |
|
0,1% |
|
0,8% |
|
|
Risk Buffer % |
-6,4% |
|
0,6% |
|
0,8% |
|
2,3% |
|
|
SHORT TERM LIQUIDITY |
|||||||
|
|
Liquidity Ratio/Acid Test |
1 |
|
1 |
|
1 |
|
2 |
|
|
Current Ratio % |
125,0% |
|
146,0% |
|
147,0% |
|
182,0% |
|
|
Debtor Days |
110 |
|
73 |
|
76 |
|
74 |
|
|
Working capital |
7.087.552 |
|
11.147.563 |
|
13.207.770 |
|
17.609.649 |
|
|
LONG TERM LIQUIDITY |
|||||||
|
|
Equity Ratio % |
32,5% |
|
44,1% |
|
41,5% |
|
53,9% |
|
|
Gearing % |
26,8% |
|
18,6% |
|
16,6% |
|
9,5% |
|
|
Current Debt Ratio |
2 |
|
1 |
|
1 |
|
1 |
|
|
Total Debt Ratio |
2 |
|
1 |
|
1 |
|
1 |
|
|
Relative debt % |
43,4% |
|
34,9% |
|
48,2% |
|
48,6% |
|
|
BUSINESS MEASURES |
|||||||
|
|
Change in turnover % |
-6,2% |
|
22,5% |
|
- |
|
- |
|
|
Turnover/employees |
201599 |
|
224329 |
|
248332 |
|
168471 |
|
|
Sales/Net Working Capital |
11 |
|
7 |
|
5 |
|
3 |
|
|
Stock Turnover Ratio % |
7,6% |
|
11,8% |
|
12,3% |
|
13,5% |
|
|
Creditor Days |
18 |
|
32 |
|
32 |
|
36 |
|
|
Equity in Percentage % |
37,1% |
|
52,0% |
|
45,6% |
|
57,9% |
FOREIGN
EXCHANGE RATES
N/a
ADDITIONAL
INFORMATION
Registrations in Force
|
|
State |
Registration Date |
|
Tax Administration |
Registered |
23.12.1998 |
|
Trade Register |
Registered |
31.12.1998 |
|
Employer Register |
Registered |
01.01.1999 |
|
Prepayment Register |
Registered |
01.01.1999 |
|
Value Added Tax-Liability |
VAT-liable for business activity |
01.01.1999 |
Business History
|
Date |
Event |
Source Company Name |
|
01.01.2012 |
Merger |
TH-Tools
Oy Lahti merged into Fastems Oy Ab |
|
01.01.2012 |
Merger |
TH-Tools
Oy Tampere merged into Fastems Oy Ab |
|
01.01.2012 |
Merger |
TH-Tools
Oy Vaasa merged into Fastems Oy Ab |
|
01.01.2012 |
Merger |
TH-Tools
Oy merged into Fastems Oy Ab |
|
31.12.2011 |
Merger |
TH-Tools
Oy Vaasa merged into Fastems Oy Ab |
|
31.12.2011 |
Merger |
TH-Tools
Oy Lahti merged into Fastems Oy Ab |
|
31.12.2011 |
Merger |
TH-Tools
Oy Tampere merged into Fastems Oy Ab |
|
31.12.2011 |
Merger |
TH-Tools
Oy merged into Fastems Oy Ab |
Other Company Officials
|
Name |
Lammassaari
Olli Pekka |
|
|
|
Date of Birth |
18.03.1968 |
Appointment Date |
09.07.2014 |
|
Nationality |
FINLAND |
Function |
Procurist |
|
Name |
Hedenborg Tomas
Peter Emanuel |
|
|
|
Date of Birth |
12.04.1959 |
Appointment Date |
09.07.2014 |
|
Nationality |
FINLAND |
Function |
Procurist |
|
Name |
Tulenheimo
Torsti Martti Akseli |
|
|
|
Date of Birth |
20.12.1953 |
Appointment Date |
09.07.2014 |
|
Nationality |
FINLAND |
Function |
Procurist |
|
Name |
Lehtonen Seppo
Juhani |
|
|
|
Date of Birth |
06.07.1959 |
Appointment Date |
09.07.2014 |
|
Nationality |
FINLAND |
Function |
Procurist |
|
Name |
Sandell Roger
Valdemar |
|
|
|
Date of Birth |
09.09.1960 |
Appointment Date |
09.07.2014 |
|
Nationality |
FINLAND |
Function |
Procurist |
|
Name |
Lehtinen Harri
Ilmari |
|
|
|
Date of Birth |
17.04.1964 |
Appointment Date |
09.07.2014 |
|
Nationality |
FINLAND |
Function |
Procurist |
|
Name |
Nyman Mikko
Juhani |
|
|
|
Date of Birth |
18.04.1979 |
Appointment Date |
09.07.2014 |
|
Nationality |
FINLAND |
Function |
Procurist |
|
Name |
Aminoff Sofia Aurora Cecilia |
|
|
|
Date of Birth |
14.06.1974 |
Appointment Date |
11.06.2014 |
|
Nationality |
FINLAND |
Function |
Alternate Member of Board |
|
Name |
Hallila Heikki Samuli |
|
|
|
Date of Birth |
01.10.1982 |
Appointment Date |
09.07.2014 |
|
Nationality |
FINLAND |
Function |
Procurist |
NOTES
& COMMENTS
N/a
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.61.62 |
|
|
1 |
Rs.99.12 |
|
Euro |
1 |
Rs.78.89 |
INFORMATION DETAILS
|
Analysis Done by
: |
RAS |
|
|
|
|
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 |
-- |
|
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.