|
Report Date : |
29.10.2014 |
IDENTIFICATION DETAILS
|
Name : |
NEUMAN ALUMINIUM FLIESSPRESSWERK |
|
|
|
|
Registered Office : |
Partizánska 1384/85, 966 81 Žarnovica |
|
|
|
|
Country : |
|
|
|
|
|
Financials (as on) : |
31.12.2013 |
|
|
|
|
Date of Incorporation : |
27.09.1996 |
|
|
|
|
Com. Reg. No.: |
SRO 3916/S |
|
|
|
|
Legal Form : |
Limited liability company |
|
|
|
|
Line of Business : |
Subject is engaged in processing of metals and plastics, manufacture
of components of plastics and metal, production of the aluminum parts |
|
|
|
|
No. of Employees : |
203 |
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) |
|
Slovakia |
A2 |
A2 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
|
Moderate |
B1 |
|
High |
B2 |
|
Very High |
C1 |
|
Restricted |
C2 |
|
Off-credit |
D |
SLOVAKIA - ECONOMIC OVERVIEW
Slovakia has made significant
economic reforms since its separation from the Czech Republic in 1993. After a
period of relative stagnation in the early and mid 1990s, reforms to the taxation,
healthcare, pension, and social welfare systems helped Slovakia consolidate its
budget, get on track to join the EU in 2004, and adopt the euro in January
2009. Major privatizations are nearly complete, the banking sector is almost
entirely in foreign hands, and the government has facilitated a foreign
investment boom with business friendly policies. Foreign direct investment
(FDI), especially in the automotive and electronic sectors, fueled much of the
growth until 2008. Cheap, skilled labor, low taxes, no dividend taxes, a
relatively liberal labor code, and a favorable geographical location are
Slovakia's main advantages to foreign investors. Growth returned, following a
contraction in 2009, but has remained sluggish in large part due to continued
weakness in external demand. In 2012 the government of Prime Minister Robert
FICO rolled back some of Slovakia's pro-growth reforms to help shore up public
finances. Corruption and slow dispute resolution remain key factors
constraining economic growth
|
Source
: CIA |
NEUMAN ALUMINIUM
FLIESSPRESSWERK
Partizánska 1384/85,
966 81 Žarnovica
Phone: 045/6813742
Phone: 045/6830113
Telefax: 045/6813741
E-Mail: fpw.office@neuman.at
E-Mail: katarina.ripcikova@neuman.sk
Web: www.neuman.at
|
Legal form |
Limited liability company (Ltd.) |
|
|
Established on |
27/09/1996 - Limited liability company
(Ltd.) |
|
|
Last entry in Business register |
|
|
24.11.2009 |
|
Registered on |
06/11/1996, Okresný súd Banská Bystrica, RegNr.:
Sro 3916/S |
|
Registered
capital |
02/04/2008 |
EUR |
33 194,00 |
|
|
Owner |
Neuman Aluminim
Fliesspresswerk GmbH |
EUR |
33 194,00 |
|
|
Manager |
Johann
Willdonner |
|
General data |
processing of metals and plastics,
manufacture of components of plastics and metal, production of the aluminum
parts |
|
|
Main activity: |
|
|
|
Commercial name |
|
|
Neuman Aluminium Fliesspresswerk Slovakia,
s.r.o. |
|
|
Export: |
EUR 9014242 |
|
|
General
contacts: |
|
|
Residence
address: |
|
|
Partizánska 81, 966 81 Žarnovica |
|
Employees |
2009 |
about 128 employees |
|
|
2013 |
158 employees |
|
|
2014 |
203 employees |
|
Annual turnover |
2004 |
Enterprise turnover |
EUR |
3 361 349,- |
|
|
|
2005 |
Enterprise turnover |
EUR |
3 893 514,- |
|
|
|
2006 |
Enterprise turnover |
EUR |
5 396 833,- |
|
|
|
2007 |
Enterprise turnover |
EUR |
5 804 189,- |
|
|
|
2008 |
Enterprise turnover |
EUR |
5 736 374,- |
|
|
|
2010 |
Enterprise turnover |
EUR |
7 134 147,- |
|
|
|
2011 |
Enterprise turnover |
EUR |
7 989 406,- |
|
|
|
2012 |
Enterprise turnover |
EUR |
8 797 558,- |
|
|
|
2013 |
Enterprise turnover |
EUR |
11 059 291,- |
|
|
Balance sheets |
The enclosed balance of 2013 is originated
from official source, we do not have information about the clause of the
auditor. (31.12.2013 - 1 EUR) |
|
|
The enclosed profit/loss account of 2013
is originated from official source, we do not have information about the
clause of the auditor. (31.12.2013 - 1 EUR) |
|
Remarks |
At the address is located the company: |
|
Bank relations |
VÚB a.s.: |
|
Company
development |
Company development positive |
(20) |
|
Business course |
very good |
(10) |
|
Terms of payment |
As far as known, prompt |
(29) |
|
Business
connection |
Credits and the establishing of the
business connection are allowed. |
(21) |
|
A. The enclosed balance of 2010 is
originated from official source, it is authenticated by the auditor.
(31.12.2010 - 1 EUR) |
|
balance |
A 31.12.2010 |
B 31.12.2011 |
C 31.12.2012 |
D 31.12.2013 |
|
Total assets |
7 535 851 |
7 765 905 |
9 425 840 |
10 381 335 |
|
Non-current
assets |
5 164 309 |
5 250 360 |
6 377 138 |
7 683 743 |
|
Intangible fixed
assets |
1 986 |
16 913 |
41 297 |
85 948 |
|
Incorporation expenses |
|
|
0 |
|
|
Development expenses |
0 |
0 |
0 |
0 |
|
Software |
1 986 |
16 913 |
41 297 |
69 093 |
|
Valuable rights |
0 |
0 |
0 |
0 |
|
Goodwill |
0 |
0 |
0 |
0 |
|
Other intangible fixed assets |
0 |
0 |
0 |
0 |
|
Acquisition of intangible fixed assets |
0 |
0 |
0 |
16 855 |
|
Advance payments for intangible fixed
assets |
0 |
0 |
0 |
0 |
|
Tangible fixed
assets – total |
5 162 323 |
5 233 447 |
6 335 841 |
7 597 795 |
|
Lands |
238 704 |
238 704 |
238 704 |
343 401 |
|
Constructions |
4 201 855 |
4 063 794 |
4 140 394 |
4 051 408 |
|
Separate movable assets and sets of
movable assets |
715 029 |
619 817 |
1 171 903 |
1 860 426 |
|
Perennial crops |
0 |
0 |
0 |
0 |
|
Breeding and draught animals |
0 |
0 |
0 |
0 |
|
Other tangible fixed assets |
0 |
0 |
0 |
0 |
|
Acquisition of tangible fixed assets |
6 735 |
311 132 |
784 840 |
1 151 818 |
|
Advance payments for tangible fixed assets |
0 |
0 |
0 |
190 742 |
|
Adjustment to acquired assets |
0 |
0 |
0 |
0 |
|
Long-term
financial investments |
0 |
0 |
0 |
0 |
|
Shares and ownership interests with
control influence in enterprises |
0 |
0 |
0 |
0 |
|
Shares and ownership interests with
substantial influence of enterprises |
0 |
0 |
0 |
0 |
|
Other long-term shares and ownership
interests |
0 |
0 |
0 |
0 |
|
Intercompany loans |
0 |
0 |
0 |
0 |
|
Other long-term financial investments |
0 |
0 |
0 |
0 |
|
Loans with maturity up to one year |
0 |
0 |
0 |
0 |
|
Acquisition of long-term financial
investments |
0 |
0 |
0 |
0 |
|
Advance payments for long-term assets |
0 |
0 |
0 |
0 |
|
Current assets |
2 342 033 |
2 442 782 |
3 003 978 |
2 688 384 |
|
Inventory - total |
1 296 205 |
1 376 101 |
1 355 339 |
1 442 419 |
|
Material |
955 184 |
846 907 |
956 070 |
946 113 |
|
Work-in-progress and semi-finished goods |
266 758 |
343 528 |
272 607 |
417 899 |
|
Construction contracts where the expected time
of completion exceeds one year |
|
|
126 662 |
|
|
Finished products |
62 962 |
185 468 |
0 |
78 407 |
|
Animals |
0 |
0 |
0 |
0 |
|
Merchandise |
11 301 |
198 |
0 |
0 |
|
Advance payments made for inventory |
0 |
0 |
0 |
0 |
|
Long-term receivables
– total |
0 |
0 |
0 |
2 |
|
Trade receivables |
0 |
0 |
0 |
0 |
|
Net value of contract |
0 |
0 |
0 |
0 |
|
Receivables from a controlled entity and a
controlling entity |
0 |
0 |
0 |
0 |
|
Other intercompany receivables |
0 |
0 |
0 |
0 |
|
Receivables from participants, members and
association |
0 |
0 |
0 |
0 |
|
Other receivables |
0 |
0 |
0 |
2 |
|
Deffered tax asset |
0 |
0 |
0 |
0 |
|
Short - term
receivables – total |
741 058 |
672 135 |
1 135 948 |
1 064 713 |
|
Trade receivables |
705 682 |
657 918 |
1 077 484 |
1 033 567 |
|
Net value of contract |
0 |
0 |
0 |
0 |
|
Receivables from a controlled entity and a
controlling entity |
0 |
0 |
0 |
0 |
|
Other intercompany receivables |
0 |
0 |
0 |
0 |
|
Receivables from participants, members and
association |
0 |
0 |
0 |
0 |
|
Social security |
0 |
0 |
0 |
0 |
|
Taxation and subsidies |
34 082 |
14 165 |
56 936 |
30 492 |
|
Other receivables |
1 294 |
52 |
1 528 |
654 |
|
Financial
accounts – total |
304 770 |
394 546 |
512 691 |
181 250 |
|
Cash |
1 300 |
4 141 |
2 750 |
2 276 |
|
Bank accounts |
303 470 |
390 405 |
509 941 |
178 974 |
|
Bank accounts with notice period exceeding
one year |
0 |
0 |
0 |
0 |
|
Short-term financial assets |
0 |
0 |
0 |
0 |
|
Acquisition of short-term financial assets |
0 |
0 |
0 |
0 |
|
Prepayments |
29 509 |
72 763 |
44 724 |
9 208 |
|
Deferred expenses long term |
17 147 |
45 887 |
30 091 |
1 809 |
|
Deferred expenses short term |
12 362 |
26 876 |
14 633 |
7 399 |
|
Accrued revenues long term |
0 |
0 |
0 |
0 |
|
Accrued revenues short term |
0 |
0 |
0 |
0 |
|
Total capital
and liabilities |
7 535 851 |
7 765 905 |
9 425 840 |
10 381 335 |
|
Capital |
2 435 891 |
2 972 006 |
3 488 553 |
4 007 866 |
|
Registered
capital - total |
33 194 |
33 194 |
33 194 |
33 194 |
|
Registered capital – total |
33 194 |
33 194 |
33 194 |
33 194 |
|
Own shares and own business shares |
0 |
0 |
0 |
0 |
|
Change in registered capital |
0 |
0 |
0 |
0 |
|
Receivables for subscriptions (for own
equity capital) |
0 |
0 |
0 |
0 |
|
Capital funds –
total |
1 102 771 |
1 087 437 |
1 081 531 |
1 091 519 |
|
Share premium |
0 |
0 |
0 |
0 |
|
Other capital funds |
1 102 771 |
1 102 771 |
1 102 771 |
1 102 771 |
|
Legal reserve fund (Non-distributable
fund) from capital contributions |
0 |
0 |
0 |
0 |
|
Gains or losses from revaluation of assets
and liabilities |
0 |
-15 334 |
-21 240 |
-11 252 |
|
Gains or losses from investments |
0 |
0 |
0 |
0 |
|
Gain or losses from revaluation from join
and divesting |
0 |
0 |
0 |
0 |
|
Funds created from
profit – total |
3 319 |
3 319 |
3 319 |
3 319 |
|
Legal reserve fund |
3 319 |
3 319 |
3 319 |
3 319 |
|
Indivisible funds |
0 |
0 |
0 |
0 |
|
Statutory funds and other funds |
0 |
0 |
0 |
0 |
|
Retained profit
or loss from previous years |
787 678 |
1 296 607 |
1 848 056 |
2 370 509 |
|
Retained earnings from previous years |
1 319 453 |
1 828 382 |
2 379 831 |
2 902 284 |
|
Retained earnings from previous years |
-531 775 |
-531 775 |
-531 775 |
-531 775 |
|
Profit or loss
for the accounting period |
508 929 |
551 449 |
522 453 |
509 325 |
|
Liabilities |
5 099 562 |
4 756 579 |
5 937 287 |
6 373 469 |
|
Reserves – total |
83 201 |
96 538 |
148 930 |
162 138 |
|
Legal reserves long term |
0 |
0 |
0 |
0 |
|
Legal reserves short term |
79 889 |
94 335 |
109 114 |
128 652 |
|
Other long-term reserves |
0 |
0 |
0 |
0 |
|
Other short-term reserves |
3 312 |
2 203 |
39 816 |
33 486 |
|
Long-term
liabilities - total |
1 950 587 |
1 602 692 |
1 306 040 |
1 037 809 |
|
Long-term trade liabilities – total |
0 |
0 |
0 |
0 |
|
Net value of contract |
0 |
0 |
0 |
0 |
|
Uninvoiced long-term supplies |
0 |
0 |
0 |
0 |
|
Long-term liabilities to a controlled
entity and a controlling entity |
605 492 |
416 743 |
247 027 |
97 309 |
|
Other intercompany long-term liabilities |
1 252 632 |
1 082 353 |
941 176 |
800 000 |
|
Long-term advances received |
0 |
0 |
0 |
0 |
|
Long-term bills of exchange to a paid |
0 |
0 |
0 |
0 |
|
Bonds issued |
0 |
0 |
0 |
0 |
|
Liabilities from social fund |
3 402 |
1 424 |
659 |
2 856 |
|
Other long-term liabilities |
0 |
0 |
0 |
0 |
|
Deffered tax liability |
89 061 |
102 172 |
117 178 |
137 644 |
|
Short-term
liabilities - total |
1 934 256 |
2 117 757 |
3 247 779 |
3 225 708 |
|
Trade liabilities |
401 792 |
460 871 |
1 453 138 |
1 198 316 |
|
Net values of contract |
0 |
0 |
0 |
0 |
|
Uninvoiced supplies |
1 268 |
0 |
128 |
0 |
|
Liabilities to a controlled entity and a
controlling entity |
1 144 508 |
1 183 257 |
1 252 973 |
1 402 691 |
|
Other intercompany liabilities |
147 368 |
251 650 |
308 827 |
366 003 |
|
Liabilities to partners and participants
in association |
0 |
0 |
0 |
0 |
|
Liabilities to employees |
94 518 |
106 741 |
102 067 |
136 515 |
|
Social security liabilities |
58 395 |
70 780 |
67 923 |
90 632 |
|
Taxation and subsidies |
86 081 |
25 625 |
34 543 |
17 076 |
|
Other liabilities |
326 |
18 833 |
28 180 |
14 475 |
|
Short-term
financial assistance |
0 |
0 |
0 |
0 |
|
Bank loans |
1 131 518 |
939 592 |
1 234 538 |
1 947 814 |
|
Long-term bank loans |
928 950 |
726 382 |
645 328 |
0 |
|
Current bank loans |
202 568 |
213 210 |
589 210 |
1 947 814 |
|
Prepayments -
total |
398 |
37 320 |
0 |
0 |
|
Accrued expenses long term |
0 |
0 |
0 |
0 |
|
Accrued expenses short term |
398 |
2 076 |
0 |
0 |
|
Deferred revenues long term |
0 |
0 |
0 |
0 |
|
Deferred revenues short term |
0 |
35 244 |
0 |
0 |
|
A. The enclosed profit/loss account of 2010
is originated from official source, it is authenticated by the auditor.
(31.12.2010 - 1 EUR) |
profit/loss account |
|
profit/loss
account |
A 31.12.2010 |
B 31.12.2011 |
C 31.12.2012 |
D 31.12.2013 |
|
Revenue from the sale of merchandise |
83 406 |
404 775 |
1 078 521 |
1 778 991 |
|
Cost of merchandise sold |
81 333 |
405 303 |
1 080 249 |
1 772 080 |
|
Trade margin |
2 073 |
-528 |
-1 728 |
6 911 |
|
Production |
7 037 791 |
7 783 907 |
7 589 311 |
9 378 366 |
|
Revenue from the sale of own products and
services |
7 050 741 |
7 584 631 |
7 719 037 |
9 280 300 |
|
Change in inventory |
-12 950 |
199 276 |
-129 726 |
97 037 |
|
Own work capitalized |
0 |
0 |
0 |
1 029 |
|
Purchased
consumables and services |
3 850 607 |
4 499 292 |
4 363 808 |
5 492 661 |
|
Consumed raw materials, energy consumption
and consumption of other non-inventory supplies |
2 531 313 |
3 020 132 |
2 709 400 |
3 420 467 |
|
Services |
1 319 294 |
1 479 160 |
1 654 408 |
2 072 194 |
|
Added value |
3 189 257 |
3 284 087 |
3 223 775 |
3 892 616 |
|
Personnel expenses - total |
2 336 251 |
2 388 338 |
2 370 673 |
2 844 143 |
|
Wages and salaries |
1 734 063 |
1 736 639 |
1 720 351 |
2 055 570 |
|
Remuneration of board members |
0 |
0 |
0 |
0 |
|
Social security expenses |
574 893 |
624 536 |
622 974 |
754 658 |
|
Social expenses |
27 295 |
27 163 |
27 348 |
33 915 |
|
Taxes and fees |
15 260 |
19 937 |
20 530 |
26 454 |
|
Depreciation expense of intangible and
tangible fixed assets |
372 370 |
356 938 |
354 061 |
512 790 |
|
Revenues from sales of fixed assets and
sales of materials |
480 098 |
555 197 |
674 220 |
509 275 |
|
Net book value of fixed assets sold and
material sold |
205 728 |
272 342 |
370 700 |
202 695 |
|
Additions to and reversals of impairment
losses |
2 332 |
16 911 |
7 212 |
-14 004 |
|
Other operating revenues |
82 226 |
153 070 |
162 758 |
221 241 |
|
Other operating expenses |
27 940 |
97 472 |
120 562 |
219 535 |
|
Transfer of operating revenues |
0 |
0 |
0 |
0 |
|
Transfer of operating expenses |
0 |
0 |
0 |
0 |
|
Profit or loss
from operations |
791 700 |
840 416 |
817 015 |
831 519 |
|
Revenues from sales of shares and
ownership |
0 |
0 |
0 |
0 |
|
Shares and ownership interests sold |
0 |
0 |
0 |
0 |
|
Revenues from long-term financial assest |
0 |
0 |
0 |
0 |
|
Revenues from ownership interests with
control influence in enterprises and ownership interests with substantial
influence of enterprises |
0 |
0 |
0 |
0 |
|
Revenues from other long-term ownership
and shares |
0 |
0 |
0 |
0 |
|
Revenues from other long-term financial
assest |
0 |
0 |
0 |
0 |
|
Revenues from short-term financial assest |
0 |
0 |
0 |
0 |
|
Expenses for short-term financial assets |
0 |
0 |
0 |
0 |
|
Revenues from revaluation of securities and
revenues from derivative operations |
0 |
0 |
0 |
0 |
|
Expenses for revaluation of securities and
expenses for derivative operations |
0 |
0 |
0 |
0 |
|
Reversal and creation of value adjustments
for financial assets |
0 |
0 |
0 |
0 |
|
Interest income |
433 |
349 |
495 |
29 |
|
Interest expense |
130 007 |
153 035 |
130 066 |
141 040 |
|
Exchange rate gains |
8 |
0 |
0 |
0 |
|
Exchanges rate losses |
47 |
3 |
0 |
11 |
|
Other financial revenues |
0 |
0 |
0 |
0 |
|
Other financial expenses |
24 937 |
1 202 |
7 595 |
3 130 |
|
Transfer of financial revenues |
0 |
0 |
0 |
0 |
|
Transfer of financial expenses |
0 |
0 |
0 |
0 |
|
Profit or loss
from financial activities |
-154 550 |
-153 891 |
-137 166 |
-144 152 |
|
Profit or loss
from ordinary activities before tax |
637 150 |
686 525 |
679 849 |
687 367 |
|
Income tax on ordinary activities |
128 221 |
135 076 |
157 396 |
178 042 |
|
- current |
108 297 |
119 052 |
140 418 |
159 986 |
|
- deferred |
19 924 |
16 024 |
16 978 |
18 056 |
|
Profit or loss from
ordinary activities after tax |
508 929 |
551 449 |
522 453 |
509 325 |
|
Extraordinary revenues |
0 |
0 |
0 |
0 |
|
Extraordinary expenses |
0 |
0 |
0 |
0 |
|
Profit or loss
from extraordinary activities before tax |
0 |
0 |
0 |
0 |
|
Income tax on extraordinary activities |
0 |
0 |
0 |
0 |
|
- current |
0 |
0 |
0 |
0 |
|
- deferred |
0 |
0 |
0 |
0 |
|
Profit or loss
from extraordinary activities after tax |
0 |
0 |
0 |
0 |
|
Profit or loss
of the accounting period before tax |
637 150 |
686 525 |
679 849 |
687 367 |
|
Transfer of profit or loss to partners |
0 |
0 |
0 |
0 |
|
Profit or loss
of the accounting period after tax |
508 929 |
551 449 |
522 453 |
509 325 |
|
Receivables after due date |
|
|
517 685 |
299 586 |
|
Liabilities after due date |
|
|
311 267 |
129 167 |
|
|
|
Ratios |
|
2010 |
2011 |
2012 |
2013 |
|
|
Return on total assets ROA (in %) |
6,75 |
7,1 |
5,54 |
4,91 |
|
|
Return on equity ROE (in %) |
20,89 |
18,55 |
14,98 |
12,71 |
|
|
Rentabilität der Einnahmen ROS (in %) |
7,13 |
6,9 |
5,94 |
4,61 |
|
|
Turnover of receivables (in days) |
36,1 |
30,06 |
44,7 |
34,11 |
|
|
Turnover of liabilities (in days) |
20,56 |
21,06 |
60,29 |
39,55 |
|
|
Turnover of inventories (days) |
66,32 |
62,87 |
56,23 |
47,61 |
|
|
Net working capital |
205209 |
111815 |
-833011 |
-2485138 |
|
|
Ratio of accounts payable to accounts
receivable |
19,08 |
18,07 |
24,95 |
24,97 |
|
|
Ratio of profit/loss to tangible assets
(in%) |
72,39 |
65,72 |
72,49 |
69,48 |
|
|
Current ratio |
1,1 |
1,05 |
0,78 |
0,52 |
|
|
Quick ratio |
0,49 |
0,46 |
0,43 |
0,24 |
|
|
Cash ratio |
0,14 |
0,17 |
0,13 |
0,04 |
|
|
Debt ratio I (in %) |
67,68 |
61,73 |
62,99 |
61,39 |
|
|
Debt ratio II (in %) |
67,67 |
61,25 |
62,99 |
61,39 |
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.61.25 |
|
|
1 |
Rs.98.93 |
|
Euro |
1 |
Rs.77.92 |
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 |
-- |
|
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.