MIRA INFORM REPORT
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Report No. : |
316851 |
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Report Date : |
16.04.2015 |
IDENTIFICATION DETAILS
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Name : |
HAEFELY TEST AG |
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Registered Office : |
Birsstrasse 300 4052 Basel/BS |
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Country : |
Switzerland |
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Date of Incorporation : |
1904 |
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Com. Reg. No.: |
270.3.012.275-8 |
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Legal Form : |
Company limited
by shares |
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Line of Business : |
Subject provides the
test, measurement and diagnostic equipment for a wide range of electrical applications.
Test systems for laboratory, factory and field use are available. |
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No. of Employee : |
105 |
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 – December 31, 2014
|
Country Name |
Previous Rating (30.09.2014) |
Current Rating (31.12.2014) |
|
Switzerland |
A1 |
A1 |
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Risk Category |
ECGC
Classification |
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Insignificant |
A1 |
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Low |
A2 |
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Moderate |
B1 |
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High |
B2 |
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Very High |
C1 |
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Restricted |
C2 |
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Off-credit |
D |
SWITZERLAND ECONOMIC OVERVIEW
Switzerland is a peaceful, prosperous, and modern market
economy with low unemployment, a highly skilled labor force, and a per capita
GDP among the highest in the world. Switzerland's economy benefits from a
highly developed service sector, led by financial services, and a manufacturing
industry that specializes in high-technology, knowledge-based production. Its
economic and political stability, transparent legal system, exceptional
infrastructure, efficient capital markets, and low corporate tax rates also
make Switzerland one of the world's most competitive economies. The Swiss have
brought their economic practices largely into conformity with the EU's to
enhance their international competitiveness, but some trade protectionism
remains, particularly for its small agricultural sector. The fate of the Swiss
economy is tightly linked to that of its neighbors in the euro zone, which
purchases half of all Swiss exports. The global financial crisis of 2008 and
resulting economic downturn in 2009 stalled export demand and put Switzerland
in a recession. The Swiss National Bank (SNB) during this period effectively
implemented a zero-interest rate policy to boost the economy as well as prevent
appreciation of the franc, and Switzerland's economy began to recover in 2010.
The sovereign debt crises currently unfolding in neighboring euro-zone
countries pose a significant risk to Switzerland's financial stability and are
driving up demand for the Swiss franc by INVESTORS
seeking
a safe-haven currency. The independent SNB has upheld its zero-interest rate
policy and conducted major market interventions to prevent further appreciation
of the Swiss franc, but parliamentarians have urged it to do more to weaken the
currency. The franc's strength has made Swiss exports less competitive and
weakened the country's growth outlook; GDP growth fell below 2% per year during
2011-13. Switzerland has also responded to increasing pressure from individual
neighboring countries, the EU, the US, and international institutions to reform
its banking secrecy laws. Consequently, the government agreed to conform to
OECD regulations on administrative assistance in tax matters, including tax
evasion. The government has renegotiated its double taxation agreements with
numerous countries, including the US, to incorporate the OECD standard, and is
considering the possibility of imposing taxes on bank deposits held by
foreigners. These steps hurt Switzerland's long history of bank secrecy.
|
Source
: CIA |
Company
name and address
HAEFELY TEST AG
Operating address:
Birsstrasse 300
4052 Basel/BS
Switzerland/CH
Telephone: 061 3734111
Fax: 061 3734912
Web site: http://www.haefely.com
E-mail: sales@haefely.com
WIN Worldbox No.: CH0000123484
VAT-No.: CHE-106.842.541 MWST
UID-No.: CHE106842541
Profile
Established: 1904
History: 1904: Established as Emil Haefely & Cie
Line of Business: Measurement and control technology,
Consumer goods wholesale
Industry Division: Manufacturing, Wholesale trade
Industry-code (NACE): 2651 Manufacture
of instruments and appliances for measuring, testing and navigation
4652 Wholesale of electronic and
telecommunications equipment and parts
Import/Export: Import, Export
Quality certification: ISO 9001:2008
Banks: unknown
Operational
Figures
Coverage: Company
Figures: estimated
Financial year: 2015
Employees: 105
Sales: CHF 60,000,000.--
Activity
As market leader in various high-voltage test products the company
provides the test, measurement and diagnostic equipment for a wide range of
electrical applications. Test systems for laboratory, factory and field use are
available.
Regional offices with local sales and customer support are located also
in Brewster, New York-USA and Beijing-China.
Real
Estate
Information on property ownership was not available.
Company
Register
Company No: 270.3.012.275-8
UID-No.: CHE106842541
Legal form: Company limited by shares
Registration: 04.06.1999
Legal status: active
Responsible Register: Handelsregister des Kantons Basel-Stadt
History: Date of Statutes:
06.09.2006
Date of Statutes: 14.05.2003
Date of Statutes: 22.10.2001
Date of Statutes: 09.07.1999
Date of Incorporation Statutes:
02.06.1999
Entry Deleted Name
04.06.1999 Haefely Test AG
04.06.1999 Haefely Test Ltd (Name
translated)
04.06.1999 Haefely Test SA (Name
translated)
Entry Deleted Legal domicile
04.06.1999 Basel, Switzerland
Entry Deleted Address
01.07.2011 Birsstr. 300, 4052 Basel/BS,
Switzerland/CH
11.08.2006 Lehenmattstr. 353, 4028 Basel, Switzerland/CH
11.08.2006 01.07.2011 Lehenmattstrasse
353, 4052 Basel, Switzerland/CH
Entry Deleted Capital
23.11.2006 Share Capital CHF 6,000,000,
paidup CHF 6,000,000
Entry Deleted Capital Structure
23.11.2006 6,000 Registered shares of
CHF 1,000.--
Entry Deleted Branches
04.08.2000 03.07.2002
, Dietikon/ZH, Switzerland/CH
Official
Administration
Title Name
President An-Ping
Hsieh
Citizen: United
States of America
Residential
address: Simsbury/CT, United States of America
joint signature of
two
Registered since:
01.07.2013
Vice-President Markus Schneider
Citizen:
Münchenstein, Switzerland
Residential
address: Möhlin, Switzerland
joint signature of
two
Registered since:
12.07.2000
Director Dr. Claude
Lambert
Citizen: Zürich,
Genf, Switzerland
Residential
address: Zürich, Switzerland
joint signature of
two
Registered since:
04.06.1999
Director Megan
Preneta
Citizen: United
States of America
Residential
address: Milford/CT, United States of America
joint signature of
two
Registered since:
01.07.2013
Management
Title Name
Director Reinhold
Grob
Citizen: Zürich,
Wiesendangen, Switzerland
Residential
address: Frauenfeld, Switzerland
joint signature of
two
Registered since:
19.08.1999
Director Markus
Schneider
Citizen:
Münchenstein, Switzerland
Residential
address: Möhlin, Switzerland
joint signature of
two
Registered since: 12.07.2000
Vice-Director Peter Schikarski
Citizen: Germany
Residential
address: Lörrach , Germany
joint signature of
two
Registered since:
19.07.2001
Vice-Director Lukas Walder
Citizen: Basel,
Wetzikon ZH, Switzerland
Residential
address: 4132 Muttenz/BL, Switzerland
joint signature of
two
Registered since:
19.07.2001
Company Secretary Gary Amato
Citizen: United
States of America
Residential
address: Ohio , United States of America
joint signature of
two
Registered since:
12.07.2000
Member with procuration Sebastian Azer
Citizen: Germany
Residential
address: Basel, Switzerland
joint power of
attorney of two
Registered since:
02.07.2014
Member with procuration Michael Gamlin
Citizen: Germany
Residential
address: Blotzeim , France
joint power of
attorney of two
Registered since:
07.09.2005
Member with procuration Shreenivas Khare
Citizen:
Bottmingen, Switzerland
Residential
address: 4103 Bottmingen/BL, Switzerland
joint power of
attorney of two
Registered since:
12.07.2000
Member with procuration René Mäder
Citizen: Aarau,
Switzerland
Residential
address: Zürich, Switzerland
joint power of
attorney of two
Registered since:
26.07.1999
Member with procuration Roman Peter Schönbucher
Citizen: Basel,
Switzerland
Residential address:
Grellingen, Switzerland
joint power of
attorney of two
Registered since:
07.09.2005
External
Positions
Title Name
Auditor PricewaterhouseCoopers
AG
Residential
address: Basel, Switzerland
Registered since:
04.06.1999
Executive board
Title Name
Chief Executive Officer Reinhold Grob
Chief Financial Officer,
Chief Human Resources Officer Markus
Schneider
Chief Marketing Officer,
Chief Sales Officer Peter Schikarski
Chief Development Officer Michael Gamlin
Chief Development Officer Lukas Walder
Chief Production Officer Roger Jegge
Chief Business Segment
Officer Sebastian Azer
Ultimate
Parent Company
Name: Hubbell Incorporated
City/Country: Shelton/Connecticut, United
States of America/US
Financial
Data Hubbell Group
Consolidation: consolidated
Industry: Trade/Industry
Fiscal year end: 31.12.2014 31.12.2013 31.12.2012 31.12.2011 31.12.2010
Number of months: 12 12 12 12 12
Currency: mil.
USD mil. USD mil. USD mil. USD mil.
USD
Statement norm: US-GAAP US-GAAP
Balance
Sheet
Intangible fixed assets 1,197.5 1,087.0 1,043.6 996.8 1,091.2
Other tangible fixed assets 401.2 377.1
Tangible fixed assets 401.2 377.1 364.7 359.6 358.3
Financial fixed assets 44.1 35.8 36.7 42.0 30.2
other fixed assets 50.6 54.9 45.8 94.6
Fixed
assets 1,693.4 1,554.8 1,490.8 1,493.0 1,479.7
Stocks 441.8 385.7 341.7 318.3 298.4
Trade accounts receivable 469.8 440.9 405.2 394.3 341.8
Liquid assets 653.9 740.7 645.0 569.6 520.7
Securities 7.8 10.1 8.8 12.8
other trade accounts 56.1 55.0 55.5 58.5 65.2
Other current assets 717.8 805.8 709.3 640.9 585.9
Current
assets 1,629.4 1,632.4 1,456.2 1,353.5 1,226.1
Total
assets 3,322.8 3,187.2 2,947.0 2,846.5 2,705.8
Capital 147.3 237.2 64.6 102.4 201.9
Other shareholders funds 1,779.8 1,669.2 1,596.6 1,365.4 1,257.3
Total
shareholders equity 1,927.1 1,906.4 1,661.2 1,467.8 1,459.2
Minority interests 8.6 8.4 6.7 5.7 4.3
long term debt (financial debts) 597.6 597.2 596.7 596.3 595.9
Other non current liabilities 290.3 208.2 235.0 284.6 201.4
Non
current liabilities 887.9 805.4 831.7 880.9 797.3
short term debt (financial debts) 1.4 0.3 2.9 1.8
Trade accounts payable 244.0 225.9 213.1 215.7 160.8
Accruals 253.8 240.8 234.3 251.0 260.5
other accounts payable 22.5 21.9
other current liabilities 253.8 240.8 234.3 273.5 282.4
Current
liabilities 499.2 467.0 447.4 492.1 445.0
Shareh.
equity, min. int. & liabilities 3,322.8 3,187.2 2,947.0 2,846.5 2,705.8
Profit
and loss account
Sales 3,359.4 3,183.9 3,044.4 2,871.6 2,541.2
Net sales 3,359.4 3,183.9 3,044.4 2,871.6 2,541.2
Operating
revenue 3,359.4 3,183.9 3,044.4 2,871.6 2,541.2
Cost of goods sold 2,250.4 2,113.4 2,032.2 1,947.9 1,712.5
Gross profit 1,109.0 1,070.5 1,012.2 923.7 828.7
Other operating expenses 593.4 567.2 541.4 499.9 460.9
Operating
result 515.6 503.3 470.8 423.8 367.8
other financial revenues 1.1 49.4 33.1 1.3 0.1
Financial income 1.1 49.4 33.1 1.3 0.1
Interest expenses 31.2 30.8 30.8 30.9 31.1
other financial expenses 93.3 4.4 16.4
Financial expenses 124.5 30.8 30.8 35.3 47.5
Financial result -123.4 18.6 2.3 -34.0 -47.4
Result
before extraordinary items 392.2 521.9 473.1 389.8 320.4
Extraordinary Result 0.0 0.0 0.0 0.0 0.0
Result
before taxes 392.2 521.9 473.1 389.8 320.4
Taxes 158.3 144.0 139.7 119.6 101.6
Result before minority interests 233.9 377.9 333.4 270.2 218.8
minority interests 1.9 3.3 2.4 2.3 1.6
Result
for the financial year 232.0 374.6 331.0 267.9 217.2
Cash
flow
Depreciation 79.2 70.6 66.8 68.2 72.5
Cash flow 313.1 448.5 400.2 338.4 291.3
Cash flow from operating activities 391.5 381.8 349.1 335.0 266.2
Investments in tangible fixed assets 60.3 58.8 49.1 55.4
Cash flow from investing activities -242.6 -151.1 -116.1 -86.5 -54.7
Cash flow from financing activities -215.6 -130.9 -161.7 -198.3 45.5
Others -20.1 -4.1 4.1 -1.3 5.2
Change in liquidity -86.8 95.7 75.4 48.9 262.2
Liquidity at beginning of the year 740.7 645.0 569.6 520.7 258.5
Liquidity at end of the year 653.9 740.7 645.0 569.6 520.7
Notes
Added value 502.6 623.3 570.7 488.9 424.0
Working Capital 667.6 600.7 533.8 496.9 479.4
Sales per Employee 0.2 0.2 0.2 0.2 0.2
Gross cost land and buildings 295.9 288.0 302.5 289.0 270.9
Gross cost other tangible fixed assets 761.5 716.9 669.9 648.5 635.8
Gross cost total 1,057.4 1,004.9 972.4 937.5 906.7
Employees
at year end 15,400 14,300 13,600 13,500 13,000
Employees inland 7,500 7,200
Employees abroad 6,100 5,800
Owner/-s
No. of Owner/-s: 1
Owner: The company is foreign owned.
Class: 100%
Type: direct, Group-Level 1
Name: Hubbell Incorporated
City/Country: Shelton/Connecticut, United
States of America/US
Interest: 100,00% voting right,
100,00% capital interest
Sisters
Name: Arrow Consolidated Corporation
City/Country: Pennsylvania/Pennsylvania,
United States of America/US
Name: Artesanias Baja, S. A. de C.V.
City/Country: Mexico/MX
Name: Austdac Pty. Limited
City/Country: Australia/AU
Name: Bel Manufacturera, S.A. de C.V.
City/Country: Mexico/MX
Name: Burndy Americas Inc.
City/Country: Delaware/Delaware, United States
of America/US
Name: Burndy Canada Inc.
City/Country: Canada/CA
Name: Burndy do Brasil Industria, Comercio,
Importacao e Exportacao de Conectores Ltda.
City/Country: Brazil/BR
Name: Burndy International Holdings S.a.r.l.
City/Country: Luxembourg, Luxembourg/LU
Name: Burndy LLC
City/Country: Delaware/Delaware, United States
of America/US
Name: Burndy Products Mexico, S.A. de C.V.
City/Country: Mexico/MX
Name: Burndy Technology & Global Business
Services Private Limited
City/Country: KOCHI/Kerala, India/IN
Name: Burndy Technology LLC
City/Country: Delaware/Delaware, United States
of America/US
Name: Cableform Incorporated
City/Country: Delaware/Delaware, United States
of America/US
Name: CDR de Mexico S. de R.L. de C.V.
City/Country: Mexico/MX
Name: CDR Systems Corp.
City/Country: California/California, United
States of America/US
Name: Chalmit Lighting Limited
City/Country: United Kingdom/GB
Name: Columbia Lighting Properties, Inc.
City/Country: Michigan/Michigan, United States
of America/US
Name: Dongguan Hubbell Electrical Products
Company Limited
City/Country: China/CN
Name: Dual-Lite Cayman Limited
City/Country: Cayman Islands/KY
Name: ECO PLUS, LLC
City/Country: Wisconsin/Wisconsin, United
States of America/US
Name: Electro Composites (2008) ULC
City/Country: Canada/CA
Name: Fábrica de Pecas Elétricas Delmar Ltda.
City/Country: Brazil/BR
Name: Fargo Mfg. Company, Inc.
City/Country: New York/New York, United States
of America/US
Name: GAI-Tronics Corporation
City/Country: Delaware/Delaware, United States
of America/US
Name: GAI-Tronics Limited
City/Country: United Kingdom/GB
Name: GAI-Tronics S.r.l.
City/Country: Italy/IT
Name: Gleason Reel Corp.
City/Country: Delaware/Delaware, United States
of America/US
Name: Harvey Hubbell, Incorporated
City/Country: Connecticut/Connecticut, United
States of America/US
Name: Harvey Hubbell Limited
City/Country: United Kingdom/GB
Name: Hawke Asia Pacific Pte. Ltd.
City/Country: Singapore/SG
Name: Hawke Cable Glands Limited
City/Country: United Kingdom/GB
Name: Hipotronics, Inc.
City/Country: Delaware/Delaware, United States
of America/US
Name: Hub Reinsurance Ltd.
City/Country: Bermuda/BM
Name: HUBBELL ASIA LIMITED
City/Country: Hong Kong, Hong Kong/HK
Name: Hubbell Australia Holdco Limited
City/Country: Cayman Islands/KY
Name: Hubbell (Australia) Holdings Pty. Limited
City/Country: Australia/AU
Name: Hubbell Building Automation, Inc.
City/Country: Austin/Texas, United States of
America/US
Name: Hubbell Canada Investments LP
City/Country: Canada/CA
Name: Hubbell Canada LP
City/Country: Canada/CA
Name: Hubbell Caribe Limited
City/Country: Cayman Islands/KY
Name: Hubbell Cayman Investments Limited
City/Country: Cayman Islands/KY
Name: Hubbell Cayman Limited
City/Country: Cayman Islands/KY
Name: Hubbell Commercial and Trading (Shanghai)
Co., Ltd.
City/Country: China/CN
Name: Hubbell de Mexico, S.A. de C.V.
City/Country: Mexico/MX
Name: Hubbell Distribution, Inc.
City/Country: Delaware/Delaware, United States
of America/US
Name: Hubbell Electric (Wuhu) Co., Ltd.
City/Country: China/CN
Name: Hubbell Entertainment, Inc.
City/Country: Delaware/Delaware, United States
of America/US
Name: Hubbell Finance LLC
City/Country: Delaware/Delaware, United States
of America/US
Name: Hubbell Holdings Limited
City/Country: United Kingdom/GB
Name: Hubbell Incorporated (Delaware)
City/Country: Delaware/Delaware, United States
of America/US
Name: Hubbell Industrial Controls, Inc.
City/Country: Delaware/Delaware, United States
of America/US
Name: Hubbell International, LLC
City/Country: Delaware/Delaware, United States
of America/US
Name: Hubbell Investments Limited
City/Country: Cayman Islands/KY
Name: Hubbell Investments S.a.r.l.
City/Country: Luxembourg/LU
Name: Hubbell Korea, Ltd.
City/Country: South Korea/KR
Name: Hubbell Lenoir City, Inc.
City/Country: Virginia/Virginia, United States
of America/US
Name: Hubbell Lighting, Inc.
City/Country: Connecticut/Connecticut, United
States of America/US
Name: Hubbell Limited
City/Country: United Kingdom/GB
Name: Hubbell Luxembourg S.á.r.l.
City/Country: Luxembourg, Luxembourg/LU
Name: Hubbell Management, Inc.
City/Country: Canada/CA
Name: Hubbell Plastics, Inc.
City/Country: Delaware/Delaware, United States
of America/US
Name: Hubbell Power Systems, Inc.
City/Country: Delaware/Delaware, United States
of America/US
Name: Hubbell Switch Holding Co., Inc.
City/Country: Delaware/Delaware, United States
of America/US
Name: Hubbell-Anmex Pte. Ltd.
City/Country: Singapore/SG
Name: Hubbell-Taian Co., Ltd.
City/Country: Taiwan/TW
Name: HUBS, Inc.
City/Country: Delaware/Delaware, United States
of America/US
Name: Kurt Versen, Inc.
City/Country: Delaware/Delaware, United States
of America/US
Name: KV Holding Co., Inc.
City/Country: Delaware/Delaware, United States
of America/US
Name: Lighting Corporation of America
City/Country: Delaware/Delaware, United States
of America/US
Name: Newco Condenser, Inc.
City/Country: Delaware/Delaware, United States
of America/US
Name: OB Canada (1982) Inc.
City/Country: Canada/CA
Name: Optimum Industrial Control Systems, LLC
City/Country: Delaware/Delaware, United States
of America/US
Name: PCORE Electric Company, Inc.
City/Country: Delaware/Delaware, United States
of America/US
Name: Progress Lighting, Inc.
City/Country: Greenville/South Carolina,
United States of America/US
Name: Progress Lighting Properties, Inc.
City/Country: Michigan/Michigan, United States
of America/US
Name: Progressive Lighting, Inc. (North Carolina)
City/Country: North Carolina/North Carolina,
United States of America/US
Name: Progressive Lighting, Inc. (South Carolina)
City/Country: South Carolina/South Carolina,
United States of America/US
Name: Pulse Communications, Inc.
City/Country: Virginia/Virginia, United States
of America/US
Name: State Street Corporation
City/Country: Boston/Massachusetts, United
States of America/US
Name: Vantage Technology, LLC
City/Country: Colorado/Colorado, United States
of America/US
Name: Versen Holdings, Inc.
City/Country: Delaware/Delaware, United States
of America/US
Name: Wepawaug Canada Corp.
City/Country: Canada/CA
Name: Wepawaug Development, LLC
City/Country: Delaware/Delaware, United States
of America/US
Investments
It is believed that the company has no investments.
Financials
Balance sheet publication:
The subject company does not publish balance sheet or turnover figures.
Legal
Actions
Control
date Year No. Amount
CHF Status
20.09.2011 2011 0 Legal
actions
31.12.2010 2010 0 Legal
actions
31.12.2009 2009 0 Legal
actions
31.12.2008 2008 0 Legal
actions
31.12.2007 2007 0 Legal
actions
31.12.2006 2006 0 Legal
actions
31.12.2005 2005 0 Legal
actions
31.12.2004 2004 0 Legal
actions
31.12.2003 2003 0 Legal
actions
Official bankruptcy reports:
No bankruptcy publications available on the subject.
An updated legal action check is only available against proof of
interest. e.g. a copy of an enquiry letter, and order or invoice relating to
the subject company.
Sanctions
List
The company is not listed in the WorldCompliance database.
Payment
experiences
Payment experiences from pre-legal collection cases:
No payment experiences from pre-legal collection cases are available.
Payment experiences from collection cases:
No payment experiences from legal collection cases are available.
Mode of payment / Business conduct:
There are no complaints about the mode of payment and the business
conduct.
Credit
Information
Financial Statements: The company does not disclose any financial
statements. Third parties are not permitted any insight into the financial
affairs. It is therefore difficult to make a proper assessment of the actual
situation.
Financial Situation: The financial
situation is good.
Payment experiences: There are
no objections regarding the payment of financial obligations.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.62.40 |
|
|
1 |
Rs.92.15 |
|
Euro |
1 |
Rs.66.48 |
INFORMATION DETAILS
|
Analysis Done by
: |
SUB |
|
|
|
|
Report Prepared
by : |
ANK |
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.