MIRA INFORM REPORT
|
Report No. : |
337253 |
|
Report Date : |
18.08.2015 |
IDENTIFICATION DETAILS
|
Name : |
BN INTERNATIONAL B.V. |
|
|
|
|
Registered Office : |
Rokerijweg 5 1271AH Huizen |
|
|
|
|
Country : |
Netherlands |
|
|
|
|
Financials (as on) : |
31.12.2013 |
|
|
|
|
Date of Incorporation : |
21.09.1925 |
|
|
|
|
Com. Reg. No.: |
KvK-nummer: 32005254 |
|
|
|
|
Legal Form : |
Private Company |
|
|
|
|
Line of Business : |
Manufacturing, wholesale,
import and export vinyl coated products, such as carpeting and bookbinding
materials |
|
|
|
|
No. of Employees : |
360 (2015) |
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 – March 31, 2015
|
Country Name |
Previous Rating (31.12.2014) |
Current Rating (31.03.2015) |
|
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
The Netherlands, the sixth-largest economy in the European Union, plays an important role as a European transportation hub, with a persistently high trade surplus, stable industrial relations, and moderate unemployment. 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 underpins the country’s status as the world’s second largest agricultural exporter. The Netherlands is part of the Eurozone, and as such, its monetary policy is controlled by the European Central Bank. The Dutch financial sector is highly concentrated, with four commercial banks possessing over 90% of banking assets. The sector suffered as a result of the global financial crisis and required billions of dollars of government support, but the European Banking Authority completed stringent reviews in 2014 and deemed Dutch banks to be well-capitalized. To address the 2009 and 2010 economic downturns, the government 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 has since implemented significant austerity measures to improve public finances and has instituted broad structural reforms in key policy areas, including the labor market, the housing sector, the energy market, and the pension system. As a result, the government budget deficit at the end of 2014 dropped to 1.8% of GDP. Following a protracted recession during which unemployment doubled to 7.4% and household consumption contracted for nearly three consecutive years, the year 2014 saw fragile GDP growth of 0.8 percent and a rise in most economic indicators. Drivers of growth included increased exports and business investments, as well as newly invigorated household consumption.
|
Source
: CIA |
Company
Summary
Company name BN
International B.V.
Operative address Rokerijweg 5
1271AH Huizen
Netherlands
Legal form Private Company
Registration number KvK-nummer:
32005254
VAT-number 001529900
|
Year |
2013 |
Mutation |
2012 |
Mutation |
2011 |
|
Fixed assets |
21.776.000 |
39,82 |
15.574.000 |
-5,62 |
16.501.000 |
|
Total receivables |
16.285.000 |
15,84 |
14.058.000 |
-6,37 |
15.015.000 |
|
Total equity |
26.743.000 |
-4,90 |
28.121.000 |
-3,94 |
29.274.000 |
|
Short term liabilities |
20.795.000 |
50,05 |
13.859.000 |
11,95 |
12.380.000 |
|
Net result |
1.070.000 |
-43,36 |
1.889.000 |
-41,55 |
3.232.000 |
|
Working capital |
10.000.000 |
-43,75 |
17.779.000 |
-2,53 |
18.240.000 |
|
Quick ratio |
0,82 |
-24,07 |
1,08 |
-15,63 |
1,28 |
Contact
information
Company name BN International
B.V.
Trade names BN International
B.V.
Operative address Rokerijweg 5
1271AH Huizen
Netherlands
Correspondence address Rokerijweg 5
1271AH Huizen
Netherlands
Telephone number 0355248400
Fax number 0355256004
Email address sales@bnint.nl
Registration
Registration number KvK-nummer:
32005254
Branch number 000014386208
VAT-number 001529900
Status Active
First registration company register 1925-10-20
Memorandum 1925-10-20
Establishment date 1925-09-21
Legal form Private Company
Legal person since 1972-04-21
Last proposed admendment 2014-02-24
Issued placed capital EUR 2.905.600
Paid up share capital EUR 2.905.600
Activities
SBI Manufacture of
other chemical products n.e.c. (2059)
ISO certified Yes
ISO certifier BSI Group
ISO standard ISO 14001:2004
Exporter Yes
Importer Yes
Goal Manufacturing, wholesale , import and
export vinyl coated products , such as carpeting and bookbinding materials
Relations
Shareholders CWC
International B.V.
Strawinskylaan 385
1077XX AMSTERDAM
Netherlands
Registration number: 590268040000
Percentage: 100%
Companies on same address Stichting
Pensioenfonds BN International
Registration number: 411924180000
Hal 1 Vastgoed B.V.
Registration number: 603311190000
Management
Active management R.J. Keim (Roland
Joost)
Netherlands
Competence: Fully authorized
Function: General Director
Starting date: 2015-01-16
Date of birth: 1964-07-20, Enschede, NL
Involved with the following companies
• Voca B.V.
Ambachtsweg 13b
1271AL Huizen
Netherlands
Registration number: 320446860000
Function: General Director
E.G. Scholten (Eduard Gerrit)
Netherlands
Function: Commissaris
Starting date: 2014-11-17
Date of birth: 1944-03-27, Zuilen, NL
Involved with the following companies
• Stichting Administratiekantoor Vos
Logistics
Waalkade 4
5347KS Oss
Netherlands
Registration number: 172360700000
Function: Manager
• Stichting Orbis Medisch Centrum
dr. H. van der Hoffplein 1
6162BG Geleen
Netherlands
Registration number: 410712950001
Function: Commissaris
• Zuyderland Medisch Centrum (locatie
Heerlen)
Henri Dunantstraat 5
6419PC Heerlen
Netherlands
Registration number: 623756440000
Function: Commissaris
I.P. Larsen (Ivo Paul)
Netherlands
Function: Commissaris
Starting date: 2014-01-16
Date of birth: 1965-05-27, Anderlecht, BE
Involved with the following companies
• Value Enhancement Partners B.V.
Strawinskylaan 385
1077XX Amsterdam
Netherlands
Registration number: 242866360000
Function: Manager
C. de Weers (Christiaan)
Netherlands
Function: Commissaris
Starting date: 2014-01-16
Date of birth: 1971-03-18, Westwoud, NL
Involved with the following companies
• Rigida Groep B.V.
Sint Anthonisweg 5
5831AC BOXMEER
Netherlands
Registration number: 090871050000
Function: Manager
• Value Enhancement Partners B.V.
Strawinskylaan 385
1077XX Amsterdam
Netherlands
Registration number: 242866360000
Function: Manager
• Cogitandum Holding B.V.
Strawinskylaan 385
1077XX Amsterdam
Netherlands
Registration number: 551276730000
Function: General Director
K.A. Tjon Joe Gin (Kenneth Alexander)
Netherlands
Function: Commissaris
Starting date: 2014-01-16
Date of birth: 1961-12-24, Utrecht, NL
Involved with the following companies
• Value Enhancement Partners B.V.
Strawinskylaan 385
1077XX Amsterdam
Netherlands
Registration number: 242866360000
Function: Manager
M.R. van Brummelen (Martin Richard)
Netherlands
Competence: Limited authorization
Function: Proxy
Starting date: 2006-04-01
Date of birth: 1979-11-08, Laren, NL
J.A. van Meer (Jacob Alexander)
Netherlands
Competence: Limited authorization
Function: Proxy
Starting date: 2006-04-01
Date of birth: 1968-12-09, Ermelo, NL
Involved with the following companies
• Voca B.V.
Ambachtsweg 13b
1271AL Huizen
Netherlands
Registration number: 320446860000
Function: Manager
A.E. Louters (Anna Elizabeth)
Netherlands
Competence: Limited authorization
Function: Proxy
Starting date: 2011-09-01
Date of birth: 1959-05-03, Slochteren, NL
Employees
|
Year |
2015 |
2014 |
2013 |
2012 |
2011 |
|
Total |
360 |
360 |
360 |
360 |
360 |
Payments
Description Payments are made regularly with some delay
Key
figures
|
Year |
2013 |
2012 |
2011 |
2010 |
2009 |
|
Quick
ratio |
0,82 |
1,08 |
1,28 |
1,13 |
1,05 |
|
Current
ratio |
1,48 |
2,28 |
2,47 |
2,26 |
2,04 |
|
|
|||||
|
Working
capital/ balance total |
0,19 |
0,38 |
0,39 |
0,35 |
0,29 |
|
Equity /
balance total |
0,51 |
0,60 |
0,62 |
0,59 |
0,58 |
|
Equity /
Fixed assets |
1,23 |
1,81 |
1,77 |
1,57 |
1,36 |
|
Equity /
liabilities |
1,04 |
1,47 |
1,64 |
2,12 |
1,35 |
|
Balance
total / liabilities |
2,04 |
2,47 |
2,64 |
3,61 |
2,35 |
|
|
|||||
|
Working
capital |
10.000.000 |
17.779.000 |
18.240.000 |
16.013.000 |
13.107.000 |
|
Equity |
26.743.000 |
28.121.000 |
29.274.000 |
26.857.000 |
25.635.000 |
|
Mutation
equity |
-4,90 |
-3,94 |
9,00 |
4,77 |
4,82 |
|
Mutation
short term liabilities |
50,05 |
11,95 |
-2,24 |
0,52 |
-25,24 |
|
|
|||||
|
Return
on total assets (ROA) |
2,48 |
5,86 |
5,79 |
4,19 |
4,25 |
|
Return
on equity (ROE) |
4,88 |
9,84 |
9,32 |
7,14 |
7,39 |
|
Gross
profit margin |
1,70 |
3,36 |
3,68 |
2,71 |
2,97 |
|
Net
profit margin |
1,30 |
2,25 |
4,16 |
1,86 |
2,21 |
|
Year |
2013 |
2012 |
2011 |
2010 |
2009 |
|
Average collection ratio |
3,97 |
6,07 |
6,28 |
5,91 |
5,74 |
|
Average payment ratio |
5,07 |
5,98 |
5,17 |
5,63 |
5,95 |
|
Equity turnover ratio |
3,09 |
2,99 |
2,65 |
2,79 |
2,82 |
|
Total assets turnover ratio |
1,57 |
1,78 |
1,65 |
1,63 |
1,62 |
|
Fixed assets turnover ratio |
3,79 |
5,40 |
4,71 |
4,38 |
3,83 |
|
Inventory conversion ratio |
6,01 |
5,05 |
5,25 |
5,22 |
5,78 |
|
|
|||||
|
Turnover |
82.532.000 |
84.111.000 |
77.700.000 |
74.841.000 |
72.268.000 |
|
Gross margin |
24.220.000 |
26.242.000 |
25.135.000 |
|
23.194.000 |
|
Operating result |
1.406.000 |
2.830.000 |
2.859.000 |
2.028.000 |
2.149.000 |
|
Net result after taxes |
1.070.000 |
1.889.000 |
3.232.000 |
1.390.000 |
1.597.000 |
|
|
|||||
|
Cashflow |
3.427.000 |
|
|
|
|
|
Gross profit |
82.532.000 |
84.111.000 |
|
74.841.000 |
72.268.000 |
|
EBIT |
1.406.000 |
2.830.000 |
2.859.000 |
2.028.000 |
2.149.000 |
|
EBITDA |
3.763.000 |
|
|
|
|
Summary The 2013 financial result structure is a postive working captial of 10.000.000 euro, which is in agreement with 19 % of the total assets of the company.
The working capital has diminished with -43.75 % 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 1.48. When the current ratio is below 1.5, the company may have problems meeting its short-term obligations.
The quick ratio in 2013 of the company was 0.82. A company with a Quick Ratio of less than 1 cannot currently pay back its current liabilities.
The 2012 financial result structure is a postive working captial of 17.779.000 euro, which is in agreement with 38 % of the total assets of the company.
The working capital has diminished with -2.53 % compared to previous year. The ratio, with respect to the total assets of the company has however, declined.
The deterioration between 2011 and 2012 has mainly been caused by an increase of the current liabilities.
The current ratio of the company in 2012 was 2.28. A company with a current ratio between 1.5 and 3.0 generally indicates good short-term financial strength.
The quick ratio in 2012 of the company was 1.08. A company with a Quick Ratio of more than 1 can currently pay back its current liabilities.
Financial
statement
Last annual account 2013
Remark annual account The company is
obliged to file its financial statements.
Type of annual account Consolidated
Annual account BN
International B.V.
Rokerijweg 5
1271AH Huizen
Netherlands
Registration number: 320052540000
Balance
|
Year |
2013 |
2012 |
2011 |
2010 |
2009 |
|
End date |
2013-12-31 |
2012-12-31 |
2011-12-31 |
2010-12-31 |
2009-12-31 |
|
Intangible fixed
assets |
494.000 |
|
|||
|
Other tangible fixed assets |
|
|
|
17.098.000 |
|
|
Tangible fixed assets |
21.282.000 |
15.574.000 |
16.501.000 |
17.098.000 |
18.866.000 |
|
Fixed assets |
21.776.000 |
15.574.000 |
16.501.000 |
17.098.000 |
18.866.000 |
|
|
|||||
|
Other stock |
|
|
|
14.336.000 |
|
|
Total stock |
13.737.000 |
16.661.000 |
14.799.000 |
14.336.000 |
12.513.000 |
|
Accounts receivable |
13.736.000 |
12.167.000 |
12.156.000 |
11.702.000 |
11.468.000 |
|
Other receivables |
2.549.000 |
1.891.000 |
2.859.000 |
1.591.000 |
686.000 |
|
Total receivables |
16.285.000 |
14.058.000 |
15.015.000 |
13.293.000 |
12.154.000 |
|
Liquid funds |
773.000 |
919.000 |
806.000 |
1.048.000 |
1.039.000 |
|
accruals |
|
|
|
1.591.000 |
|
|
Current assets |
30.795.000 |
31.638.000 |
30.620.000 |
28.677.000 |
25.706.000 |
|
Total assets |
52.571.000 |
47.212.000 |
47.121.000 |
45.775.000 |
44.572.000 |
|
|
|||||
|
Other reserves |
|
|
|
26.857.000 |
|
|
Total reserves |
|
|
|
26.857.000 |
|
|
Total equity |
26.743.000 |
28.121.000 |
29.274.000 |
26.857.000 |
25.635.000 |
|
|
|||||
|
Provisions |
5.033.000 |
5.232.000 |
5.467.000 |
6.254.000 |
6.338.000 |
|
Accounts payable |
|
|
4.969.000 |
|
|
|
Other short term liabilities |
|
|
7.411.000 |
12.664.000 |
|
|
Year |
2013 |
2012 |
2011 |
2010 |
2009 |
|
End date |
2013-12-31 |
2012-12-31 |
2011-12-31 |
2010-12-31 |
2009-12-31 |
|
Short term liabilities |
20.795.000 |
13.859.000 |
12.380.000 |
12.664.000 |
12.599.000 |
|
Total short and long term liabilities |
25.828.000 |
19.091.000 |
17.847.000 |
12.664.000 |
18.937.000 |
Profit
and loss
|
Year |
2013 |
2012 |
2011 |
2010 |
2009 |
|
Revenues |
82.784.000 |
84.177.000 |
77.700.000 |
75.063.000 |
72.280.000 |
|
Other operating income |
252.000 |
66.000 |
|
222.000 |
12.000 |
|
Year |
2013 |
2012 |
2011 |
2010 |
2009 |
|
Net turnover |
82.532.000 |
84.111.000 |
77.700.000 |
74.841.000 |
72.268.000 |
|
|
|||||
|
Gross margin |
24.220.000 |
26.242.000 |
25.135.000 |
|
23.194.000 |
|
|
|||||
|
Wages and salaries |
|
22.278.000 |
21.576.000 |
21.886.000 |
116.000 |
|
Amorization and depreciation |
2.357.000 |
|
|
|
|
|
Sales |
58.312.000 |
57.869.000 |
52.565.000 |
|
49.074.000 |
|
other operating costs |
20.709.000 |
1.200.000 |
700.000 |
217.000 |
20.941.000 |
|
Raw materials and consumables |
|
|
|
50.932.000 |
|
|
Operating expenses |
81.378.000 |
81.347.000 |
74.841.000 |
73.035.000 |
70.131.000 |
|
Operating result |
1.406.000 |
2.830.000 |
2.859.000 |
2.028.000 |
2.149.000 |
|
|
|||||
|
Financial income |
1.000 |
4.000 |
33.000 |
28.000 |
18.000 |
|
Financial expenses |
101.000 |
66.000 |
164.000 |
138.000 |
273.000 |
|
Financial result |
-100.000 |
-62.000 |
-131.000 |
-110.000 |
-255.000 |
|
Result on ordinary operations before taxes |
1.306.000 |
2.768.000 |
2.728.000 |
1.918.000 |
1.894.000 |
|
|
|||||
|
Taxation on the result of ordinary activities |
236.000 |
513.000 |
981.000 |
528.000 |
297.000 |
|
Result of ordinary activities after taxes |
1.070.000 |
2.255.000 |
1.747.000 |
1.390.000 |
1.597.000 |
|
|
|||||
|
Extraordinary income |
|
171.000 |
1.485.000 |
|
|
|
Extraordinary expense |
|
537.000 |
|
|
|
|
Extraordinary result after taxation |
|
-366.000 |
1.485.000 |
|
|
|
Net result |
1.070.000 |
1.889.000 |
3.232.000 |
1.390.000 |
1.597.000 |
Summary The turnover of the company decreased by -1.88 % between 2012 and 2013.
The gross profit of the company decreased by -7.71 % between 2012 and 2013.
The operating result of the company declined with -50.32 % 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 -57.68 % 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 -11.8 to a level of 1.57.
The Net Result of the company increased by -43.36 % between 2012 and 2013.
The company's Financial Profitability has been negatively affected by the financial activities in comparison to the EBITs behaviour. The result of these variations is a profitability reduction of -50.41 % of the analysed period, being 4.88 % in the year 2013.
The company's financial profitability has been positively affected by its financial structure.
The turnover of the company grew with 8.25 % between 2011 and 2012.
The gross profit of the company grew with 4.4 % between 2011 and 2012.
The operating result of the company declined with -1.01 % between 2011 and 2012. This evolution implies an decrease of the company's economic profitability.
The result of these changes is an increase of the company's Economic Profitability of 1.21 % of the analysed period, being equal to 2011 % in the year 2012.
This growth has contributed to the increase in assets turnover, increasing by 7.88 % reaching 1.78.
The Net Result of the company increased by -41.55 % between 2011 and 2012.
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 5.58 % of the analysed period, being 9.84 % in the year 2012.
The company's financial structure has slowed down its financial profitability.
Analysis
Branch (SBI) MANUFACTURE OF
PULP, PAPER AND PAPERBOARD (17)
Region 't Gooi en
omstreken
In the Netherlands 558 of the companies are
registered with the SBI code 17
In the region 't Gooi en omstreken 10 of the
companies are registered with the SBI code 17
In the Netherlands 27 of the bankrupcties
are published within this sector
The risk of this specific sector in the
Netherlands is Highest
The risk of this specific sector in the region
't Gooi en omstreken is Highest
Publications
Filings 11-12-2014: De
jaarrekening over 2013 is gepubliceerd.
31-07-2013: De jaarrekening over 2012 is
gepubliceerd.
13-07-2012: De jaarrekening over 2011 is
gepubliceerd.
08-08-2011: De jaarrekening over 2010 is
gepubliceerd.
Functions 20-03-2015: Per
17-11-2014 is commissaris Eduard Gerrit Scholten in functie getreden.
20-03-2015: Per 16-01-2015 is bestuurder
Roland Joost Keim in functie getreden.
06-05-2014: Per 30-04-2014 is bestuurder
Tammo Reint Koning uit functie getreden.
20-01-2014: Per 16-01-2014 is commissaris
Ivo Paul Larsen in functie getreden.
20-01-2014: Per 16-01-2014 is commissaris
Christiaan de Weers in functie getreden.
20-01-2014: Per 16-01-2014 is commissaris
Kenneth Alexander Tjon Joe Gin in functie
getreden.
20-01-2014: Per 16-01-2014 is commissaris
Jan Willem Jisse Doeksen uit functie getreden.
20-01-2014: Per 16-01-2014 is commissaris
Francisca Elizabeth Fentener van Vlissingen uit
functie getreden.
20-01-2014: Per 16-01-2014 is commissaris
Aris Wateler uit functie getreden.
20-03-2013: Per 01-10-2012 is bestuurder
Tammo Reint Koning in functie getreden.
20-03-2013: Per 01-10-2012 is bestuurder Jakob Hoogenhuizen uit functie getreden.
04-11-2011: Per 01-05-2008 is gevolmachtigde Zwanet Bout-Schaap uit functie getreden.
04-11-2011: Per 01-09-2011 is gevolmachtigde Anna Elizabeth Louters in functie getreden.
Amendments 26-02-2014: Geplaatst kapitaal gewijzigd in EUR 2.905.600,00 Gestort kapitaal gewijzigd in EUR 2.905.600,00.
26-02-2014: Per 24-2-2014 statuten gewijzigd
Company
structure
Relations 23
VEP Fund I Holding Coöperatief W.A.
Strawinskylaan 385
1077XX Amsterdam
Netherlands
Registration number: 343068540000
• CWC Beheer B.V.
Strawinskylaan 385
1077XX AMSTERDAM
Netherlands
Registration number: 590265290000
• CWC International B.V.
Strawinskylaan 385
1077XX AMSTERDAM
Netherlands
Registration
number: 590268040000
• BN International B.V.
Rokerijweg 5
1271AH Huizen
Netherlands
Registration number: 320052540000
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.65.22 |
|
UK Pound |
1 |
Rs.102.23 |
|
Euro |
1 |
Rs.72.39 |
INFORMATION DETAILS
|
Analysis Done by
: |
RAS |
|
|
|
|
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.