MIRA INFORM REPORT
|
Report No. : |
316892 |
|
Report Date : |
16.04.2015 |
IDENTIFICATION DETAILS
|
Name : |
NEDIS B.V. |
|
|
|
|
Registered Office : |
De Tweeling 28 5215MC 's-Hertogenbosch Nederland |
|
|
|
|
Country : |
Netherlands
|
|
|
|
|
Financials (as on) : |
31.12.2014 |
|
|
|
|
Date of Incorporation : |
14.05.1982 |
|
|
|
|
Com. Reg. No.: |
11028854 |
|
|
|
|
Legal Form : |
Private Company |
|
|
|
|
Line of Business : |
·
Wholesale trade (no motor vehicles and motorcycles ·
Wholesale of
electronic and communication equipment and related parts |
|
|
|
|
No. of Employees : |
181 |
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 – December 31, 2014
|
Country Name |
Previous Rating (30.09.2014) |
Current Rating (31.12.2014) |
|
Netherlands |
A1 |
A1 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
|
Moderate |
B1 |
|
High |
B2 |
|
Very High |
C1 |
|
Restricted |
C2 |
|
Off-credit |
D |
NETHERLANDS - ECONOMIC
OVERVIEW
Netherlands, the sixth-largest economy in the euro-zone, is noted for its important role as a European transportation hub, sizable trade surplus, stable industrial relations, and moderate unemployment and inflation. Industry focuses on food processing, chemicals, petroleum refining, and electrical machinery. A highly mechanized agricultural sector employs only 2% of the labor force but provides large surpluses for food-processing and export. Netherlands, along with 11 of its EU partners, began circulating the euro currency on 1 January 2002. The Dutch financial sector suffered as a result of the global financial crisis, due in part to the high exposure of some Dutch banks to US mortgage-backed securities. In 2008, the government injected billions of dollars of capital into financial institutions to stem the deterioration. To address the economic downturn, the government also sought to stimulate the domestic economy by accelerating infrastructure programs, offering corporate tax breaks for employers to retain workers, and expanding export credits. The stimulus programs and bank bailouts, however, resulted in a government budget deficit of 5.3% of GDP in 2010 that contrasted sharply with a surplus of 0.7% in 2008. The government of Prime Minister Mark RUTTE began implementing austerity measures in early 2011 to reduce the budget deficit, and, in 2013, the government brought the budget deficit below the euro-zone limit of 3% of GDP. Though the Dutch economy remains fragile, a gradual improvement in GDP growth in 2014 helped reduce the deficit further through an increase in government tax revenues. Private consumption remains subdued because of high unemployment, low wage growth, and still-high levels of debt, which together with tax increases, have made households reluctant to spend. Private investment and export growth are susceptible to slower activity in the Netherlands’ European trading partners and geopolitical tensions that constrain international trade.v
|
Source
: CIA |
Company
Summery
|
Company name |
Nedis B.V. |
|
Operative address |
De Tweeling 28 5215MC 's-Hertogenbosch Nederland |
|
Legal form |
Private Company |
|
Registration number |
KvK-nummer: 11028854 |
|
VAT-number |
803359366 |
|
Year |
2014 |
|
Mutation |
2013 |
|
Mutation |
2012 |
|
Fixed assets |
1.784.000 |
|
-41,04 |
3.026.000 |
|
15,98 |
2.609.000 |
|
Total receivables |
15.311.000 |
|
46,21 |
10.472.000 |
|
-4,71 |
10.990.000 |
|
|
|||||||
|
Total equity |
14.374.000 |
|
-39,74 |
23.852.000 |
|
-8,43 |
26.048.000 |
|
Short term liabilities |
36.011.000 |
|
493,95 |
6.063.000 |
|
-2,82 |
6.239.000 |
|
|
|||||||
|
Net result |
-9.478.000 |
|
-332,00 |
-2.194.000 |
|
-182,79 |
2.650.000 |
|
|
|||||||
|
Working capital |
12.590.000 |
|
-39,93 |
20.958.000 |
|
-10,76 |
23.484.000 |
|
Quick ratio |
0,48 |
|
-75,26 |
1,94 |
|
0,52 |
1,93 |
Contact
information
Company name Nedis B.V
Trade names Nedis B.V
Operative address De Tweeling 28
5215MC 's-Hertogenbosch
Nederland
Correspondence address Postbus 70509
5201CL 's Hertogenbosch
Nederland
Telephone 0735999601
Fax number 0735999695
Email info@nedis.nl
Website www.nedis.com
Registration
Registration number KvK-nummer:
Branch number 000019155921
Number 803359366
Status Active
First registration
company register 27-01-1995
Memorandum 25-01-1995
Establishment date 14-05-1982
Legal form Besloten
Last proposed Vennootschap
Admendment 28-11-2014
Issued placed capital EUR 45.380
Paid up share capital EUR 45.380
Activities
SBI Wholesale trade (no motor vehicles and motorcycles) (46)
Wholesale of electronic and communication equipment and
related parts (4652)
Exporter Ja
Importer
Ja
Branche organisations NVC - Nederlands Verpakkingscentrum
Goal De
handel in en fabricage van elektronische en elektrische apparaten, artikelen en materialen, alsmede onderdelen
en toebehoren voor deze apparaten met inbegrip van bijbehorende meubelen, alsmede alle andere
artikelen en materialen
Relations
Shareholders Datwyler TeCo Holding B.V.
De Tweeling 28
5215MC 'S-HERTOGENBOSCH
Nederland
Registratie nummer: 558844900000
Percentage: 100%
Companies on same address De Witte Ster
Registratie nummer: 171485990000
Nedis Group B.V.
Registratie nummer: 172148960000
Datwyler TeCo Holding B.V.
Registratie nummer: 558844900000
TeCo CDC B.V.
Registratie nummer: 590675350000
Management
Active management Datwyler TeCo Holding B.V.
De Tweeling 28
5215MC 'S-HERTOGENBOSCH
Nederland
Registratie nummer: 558844900000
Bevoegdheid: Fully authorized
Functie: Manager
Datum gestart: 30-09-2013
J.W.P.M. Breukers (Jacobus Willem Paul Marie)
Nederland
Bevoegdheid: Limited authorization
Functie: Proxy
Datum gestart: 01-10-2012
Geboren: 29-04-1970, Sittard, NL
R.J.H. van den Dool (Richard Johannes Hendrik)
Nederland
Bevoegdheid: Limited authorization
Functie: Proxy
Datum gestart: 01-04-2013
Geboren: 04-09-1974, Woerden, NL
E.J. Janssen (Eduardus Johannes)
Nederland
Bevoegdheid: Limited authorization
Functie: Proxy
Datum gestart: 01-07-2013
Geboren: 26-10-1966, 's-Hertogenbosch, NL
F.J.L.M. van der Vliet (Fredericus Johannes Leonardus)
Nederland
Bevoegdheid: Limited authorization
Functie: Proxy
Datum gestart: 19-02-2015
Geboren: 06-07-1965, 's-Hertogenbosch, NL
Employees
|
Year |
2014 |
2013 |
2012 |
2011 |
2010 |
|
Total |
181 |
179 |
170 |
170 |
180 |
Key figures
|
Year |
2014 |
2013 |
2012 |
2011 |
2010 |
|
Quick ratio |
0,48 |
1,94 |
1,93 |
0,85 |
0,61 |
|
Current ratio |
1,35 |
4,46 |
4,76 |
2,39 |
1,81 |
|
|
|||||
|
Working capital/ balance total |
0,25 |
0,70 |
0,73 |
0,52 |
0,41 |
|
Equity / balance total |
0,29 |
0,79 |
0,81 |
0,62 |
0,50 |
|
Equity / Fixed assets |
8,06 |
7,88 |
9,98 |
5,98 |
5,35 |
|
Equity / liabilities |
0,40 |
3,85 |
4,14 |
1,66 |
1,00 |
|
Balance total / liabilities |
1,40 |
4,85 |
5,14 |
2,66 |
2,00 |
|
|
|||||
|
Working capital |
12.590.000 |
20.958.000 |
23.484.000 |
19.571.000 |
15.753.000 |
|
Equity |
14.374.000 |
23.852.000 |
26.048.000 |
23.417.000 |
19.334.000 |
|
Mutation equity |
-39,74 |
-8,43 |
11,24 |
21,12 |
59,97 |
|
Mutation short term liabilities |
493,95 |
-2,82 |
-55,67 |
-27,32 |
9,35 |
|
|
|||||
|
Return on total assets (ROA) |
-25,13 |
-9,68 |
10,44 |
17,85 |
15,58 |
|
Return on equity (ROE) |
-88,08 |
-12,19 |
12,96 |
28,64 |
31,21 |
|
Gross profit margin |
|
-4,09 |
5,65 |
10,48 |
10,10 |
|
Net profit margin |
|
-3,48 |
3,75 |
7,56 |
10,74 |
|
|
|||||
|
Average collection ratio |
|
10,40 |
11,34 |
5,00 |
3,47 |
|
Average payment ratio |
|
6,02 |
6,44 |
5,91 |
5,97 |
|
Equity turnover ratio |
|
2,64 |
2,72 |
3,00 |
3,47 |
|
Total assets turnover ratio |
|
2,10 |
2,19 |
1,87 |
1,73 |
|
Fixed assets turnover ratio |
|
20,83 |
27,11 |
17,97 |
18,58 |
|
Inventory conversion ratio |
|
4,13 |
4,00 |
3,24 |
2,89 |
|
|
|||||
|
Turnover |
|
63.027.000 |
70.731.000 |
70.366.000 |
67.160.000 |
|
Gross margin |
|
11.110.000 |
14.425.000 |
15.330.000 |
14.015.000 |
|
Operating result |
|
-2.580.000 |
3.996.000 |
7.371.000 |
6.786.000 |
|
Net result after taxes |
|
-2.194.000 |
2.650.000 |
5.321.000 |
7.210.000 |
|
Year |
2014 2013 |
2012 |
2011 |
2010 |
|
|
||||
|
Cashflow |
-1.799.000 |
3.046.000 |
5.724.000 |
7.806.000 |
|
Gross profit |
|
|
70.366.000 |
|
|
EBIT |
-2.580.000 |
3.996.000 |
7.371.000 |
6.786.000 |
|
EBITDA |
-2.185.000 |
4.392.000 |
7.774.000 |
7.382.000 |
Summary
The 2014 financial result structure is a postive working captial of 12.590.000 euro, which is in agreement with 25 % of the total assets of the company.
The working capital has diminished with -39.93 % compared to previous year. The ratio, with respect to the total assets of the company has however, declined.
The deterioration between 2013 and 2014 has mainly been caused by an increase of the current liabilities.
The current ratio of the company in 2014 was 1.35. When the current ratio is below 1.5, the company may have problems meeting its short-term obligations.
The quick ratio in 2014 of the company was 0.48. A company with a Quick Ratio of less than 1 cannot currently pay back its current liabilities.
The 2013 financial result structure is a postive working captial of 20.958.000 euro, which is in agreement with 70 % of the total assets of the company.
The working capital has diminished with -10.76 % compared to previous year. The ratio, with respect to the total assets of the company has however, declined.
The deterioration between 2012 and 2013 has mainly been caused by an increase of the current liabilities.
The current ratio of the company in 2013 was 4.46. If the current ratio exeeds 3.0, the company may not be using its current assets or its short-term financing facilities efficiently .
The quick ratio in 2013 of the company was 1.94. A company with a Quick Ratio of more than 1 can currently pay back its current liabilities.
Financial
statement
Last annual account 2014
Remark annual account The Company is obliged to file its financial statements.
Type of annual account Corporate
Annual account Nedis B.V.
De Tweeling 28
5215MC 's-Hertogenbosch
Nederland
Registration nummer: 110288540000
Balance
|
Year |
2014 |
2013 |
2012 |
2011 |
2010 |
|
End date |
31-12-2014 |
31-12-2013 |
31-12-2012 |
31-12-2011 |
31-12-2010 |
|
Intangible fixed assets |
1.288.000 |
145.000 |
205.000 |
265.000 |
|
|
Tangible fixed assets |
462.000 |
1.095.000 |
845.000 |
689.000 |
825.000 |
|
Financial fixed assets |
34.000 |
1.786.000 |
1.559.000 |
2.961.000 |
2.789.000 |
|
Fixed assets |
1.784.000 |
3.026.000 |
2.609.000 |
3.915.000 |
3.614.000 |
|
Total stock |
31.386.000 |
15.263.000 |
17.695.000 |
21.714.000 |
23.255.000 |
|
Accounts receivable |
|
3.586.000 |
4.186.000 |
11.748.000 |
3.467.000 |
|
Other receivables |
|
6.886.000 |
6.804.000 |
152.000 |
7.777.000 |
|
Total receivables |
15.311.000 |
10.472.000 |
10.990.000 |
11.900.000 |
11.244.000 |
|
Liquid funds |
1.904.000 |
1.286.000 |
1.038.000 |
30.000 |
618.000 |
|
Current assets |
48.601.000 |
27.021.000 |
29.723.000 |
33.644.000 |
35.117.000 |
|
Total assets |
50.385.000 |
30.047.000 |
32.332.000 |
37.559.000 |
38.731.000 |
|
|
|||||
|
Issued capital |
45.000 |
45.000 |
|
45.000 |
45.000 |
|
Share premium reserve |
|
1.000 |
|
|
|
|
Legal and statutory reserve |
1.000 |
|
|
|
|
|
Other reserves |
|
23.806.000 |
|
23.372.000 |
19.289.000 |
|
Non-distributable profit |
14.328.000 |
|
|
|
|
|
Total reserves |
14.329.000 |
23.807.000 |
|
23.372.000 |
19.289.000 |
|
Minority interests |
|
|
-2.000 |
|
|
|
Total equity |
14.374.000 |
23.852.000 |
26.048.000 |
23.417.000 |
19.334.000 |
|
|
|||||
|
Provisions |
|
132.000 |
47.000 |
69.000 |
33.000 |
|
Short term liabilities |
36.011.000 |
6.063.000 |
6.239.000 |
14.073.000 |
19.364.000 |
|
Total short and long term liabilities |
36.011.000 |
6.195.000 |
6.286.000 |
14.142.000 |
19.397.000 |
|
|
|
|
|
|
|
|
Total liabilities |
50.385.000 |
30.047.000 |
32.332.000 |
37.559.000 |
8.731.000 |
Summary
The total assets of the company increased with 67.69 % between 2013 and 2014.
Despite the assets growth, the non-current assets decreased with -41.04 %. Asset growth is in contrasts with the net worth decline of -39.74 %. The company's indebtedness has, therefore, increased with 481.29 %.
In 2014 the assets of the company were 3.54 % composed of fixed assets and 96.46 % by current assets. The assets are being financed by an equity of 28.53 %, and total debt of 71.47 %.
The total assets of the company decreased with -7.07 % between 2012 and 2013.
Despite the total assets decrease, non current assets grew with 15.98 %.
Assets reduction is explained by a Net Worth decrease of -8.43 %, and an indebtedness reduction of -1.45 %.
In 2013 the assets of the company were 10.07 % composed of fixed assets and 89.93 % by current assets. The assets are being financed by an equity of 79.38 %, and total debt of 20.62 %.
Profit
and loss
|
Year |
2014 |
2013 |
2012 |
2011 |
2010 |
|
Revenues |
|
63.027.000 |
70.731.000 |
75.307.000 |
67.160.000 |
|
Other operating income |
|
|
|
4.941.000 |
|
|
Net turnover |
72.989.000 |
63.027.000 |
70.731.000 |
70.366.000 |
67.160.000 |
|
|
|||||
|
Cost of sales |
57.626.000 |
|
|
|
|
|
Gross margin |
15.363.000 |
11.110.000 |
14.425.000 |
15.330.000 |
14.015.000 |
|
|
|||||
|
Wages and salaries |
8.491.000 |
7.532.000 |
7.035.000 |
7.821.000 |
5.805.000 |
|
Amorization and depreciation |
421.000 |
395.000 |
396.000 |
403.000 |
596.000 |
|
Sales |
|
51.917.000 |
56.306.000 |
55.036.000 |
53.145.000 |
|
other operating costs |
18.771.000 |
5.763.000 |
2.998.000 |
4.676.000 |
828.000 |
|
Operating expenses |
27.683.000 |
65.607.000 |
66.735.000 |
67.936.000 |
60.374.000 |
|
Operating result |
-12.320.000 |
-2.580.000 |
3.996.000 |
7.371.000 |
6.786.000 |
|
|
|||||
|
Financial income |
|
109.000 |
|
181.000 |
187.000 |
|
Financial expenses |
341.000 |
437.000 |
|
846.000 |
939.000 |
|
Financial result |
-341.000 |
-328.000 |
-619.000 |
-665.000 |
-752.000 |
|
Result on ordinary operations before taxes |
-12.661.000 |
-2.908.000 |
3.377.000 |
6.706.000 |
6.034.000 |
|
Year |
2014 |
2013 |
2012 |
2011 |
2010 |
|
|
|||||
|
Taxation on the result of ordinary
activities |
|
-728.000 |
739.000 |
1.709.000 |
-1.176.000 |
|
Result of ordinary activities after taxes |
-12.661.000 |
-2.180.000 |
2.638.000 |
4.997.000 |
7.210.000 |
|
|
|||||
|
Extraordinary income |
|
|
10.000 |
|
|
|
Extraordinary expense |
|
13.000 |
|
|
|
|
Taxation extraordinary result |
3.160.000 |
|
|
|
|
|
Extraordinary result after taxation |
3.160.000 |
-13.000 |
10.000 |
|
|
|
Result subsidiaries after taxes |
23.000 |
-1.000 |
|
324.000 |
|
|
Net result |
-9.478.000 |
-2.194.000 |
2.650.000 |
5.321.000 |
7.210.000 |
|
|
|||||
|
Attributable to third parties |
|
|
-2.000 |
|
|
|
Attributable to shareholders |
-9.478.000 |
|
|
|
|
Summary
The result of these changes is a reduction of the company's Economic Profitability of -159.61 % of the analysed period, being equal to 2013 % in the year 2014.
The company's Financial Profitability has been neutrally affected by the financial activities in comparison to the EBITs behaviour. The result of these variations is the unchanged profitability of the analysed period, remaining unchanged at -88.08 % in the year 2014.
The company's financial profitability has been positively affected by its financial structure.
The turnover of the company decreased by -10.89 % between 2012 and 2013.
The gross profit of the company decreased by -22.98 % between 2012 and 2013.
The operating result of the company declined with -164.56 % between 2012 and 2013. This evolution implies an decrease of the company's economic profitability.
The result of these changes is a reduction of the company's Economic Profitability of -192.72 % of the analysed period, being equal to 2012 % in the year 2013.
This fall has contributed to a asset turnover decrease, whose index evolved from -4.11 to a level of 2.1.
The Net Result of the company increased by -182.79 % between 2012 and 2013.
The company's Financial Profitability has been positively affected by the financial activities in comparison to the EBITs behaviour. The result of these variations is a profitability increase of -194.06 % of the analysed period, being -12.19 % in the year 2013.
The company's financial profitability has been positively affected by its financial structure.
Analysis
Branch (SBI) Wholesale trade (no motor vehicles and motorcycles) (46)
Region Midden-Brabant
In the Netherlands 109662 of the companies are registered with the SBI code 46
In the region Midden-Brabant 5737 of the companies are registered with the SBI code 46
In the Netherlands 2387 of the bankrupcties are published within this sector
In the region Midden-Brabant 108 of the bankruptcies are published within this sector
The risk of this specific sector in the Netherlands is normal
The risk of this specific sector in the region Midden-Brabant is normal
Publications
Filings 03-04-2015: De jaarrekening over 2014 is gepubliceerd.
05-06-2014: De jaarrekening over 2013 is gepubliceerd.
02-07-2013: De jaarrekening over 2012 is gepubliceerd.
12-07-2012: De jaarrekening over 2011 is gepubliceerd.
21-11-2011: De jaarrekening over 2010 is gepubliceerd.
16-09-2010: De jaarrekening over 2009 is gepubliceerd.
28-07-2010: De jaarrekening over 2008 is gepubliceerd.
Functions 23-02-2015: Per 19-02-2015 is gevolmachtigde Fredericus Johannes Leonardus Maria van
der Vliet in functie getreden.
01-09-2014: Per 29-08-2014 is gevolmachtigde Randolf Ellexsus Richardson uit functie
getreden.
26-02-2014: Per 30-09-2013 is bestuurder 55884490 Datwyler TeCo Holding B.V. in functie
getreden.
03-10-2013: Per 01-10-2013 is bestuurder 11015626 Nedis Beheer B.V. uit functie getreden.
23-08-2013: Per 01-07-2013 is gevolmachtigde Eduardus Johannes Janssen in functie
getreden.
11-04-2013: Per 01-04-2013 is gevolmachtigde Gerardus Johannes Antonius Steenbakkers
uit functie getreden.
04-04-2013: Per 01-04-2013 is gevolmachtigde Jacobus Willem Paul Marie Breukers uit
functie getreden.
04-04-2013: Per 01-04-2013 is gevolmachtigde Christiaan Paulus van Essen uit functie
getreden.
03-04-2013: Per 01-04-2013 is gevolmachtigde Richard Johannes Hendrik van den Dool in
functie getreden.
16-10-2012: Per 01-10-2012 is gevolmachtigde Jacobus Willem Paul Marie Breukers in
functie getreden.
30-01-2012: Per 10-01-2012 is gevolmachtigde Bas Hermanus Mathijs Bernardus van
Haaren uit functie getreden.
27-09-2011: Per 01-08-2011 is gevolmachtigde Randolf Ellexsus Richardson in functie
getreden.
27-09-2011: Per 01-08-2011 is gevolmachtigde Christiaan Paulus van Essen in functie
getreden.
27-09-2011: Per 01-08-2011 is gevolmachtigde Bas Hermanus Mathijs Bernardus van
Haaren in functie getreden.
26-09-2011: Per 01-08-2011 is gevolmachtigde Gerardus Johannes Antonius Steenbakkers in functie getreden.
16-09-2011: Per 01-09-2011 is bestuurder 11015626 Nedis Beheer B.V. in functie getreden.
16-09-2011: Per 01-09-2011 is bestuurder 11032129 Gilad B.V. België uit functie getreden.
Amendments 04-12-2014: Geplaatst kapitaal gewijzigd in EUR 45.380,00 Gestort kapitaal gewijzigd in EUR
45.380,00.
04-12-2014: Per 28-11-2014 statuten gewijzigd. Zetel gewijzigd in: 's-Hertogenbosch.
Company
structure
Dätwyler Teco Holding AG
Zwitserland
• Datwyler TeCo Holding B.V.
De Tweeling 28
5215MC 'S-HERTOGENBOSCH
Nederland
Registratie nummer: 558844900000
• Nedis B.V.
De Tweeling 28
5215MC 's-Hertogenbosch
Nederland
Registratie nummer: 110288540000
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
: |
DIV |
|
|
|
|
Report Prepared
by : |
VNT |
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.