|
Report No. : |
336531 |
|
Report Date : |
19.08.2015 |
IDENTIFICATION DETAILS
|
Name : |
TER HELL & CO. GMBH |
|
|
|
|
Registered Office : |
Börsenbrücke 2 Ter Hell Haus D 20457 Hamburg Post Box: 11 33 25, D 20433 Hamburg |
|
|
|
|
Country : |
Germany |
|
|
|
|
Financials (as on) : |
31.12.2014 |
|
|
|
|
Date of Incorporation : |
1908 |
|
|
|
|
Com. Reg. No.: |
HRB 44898 |
|
|
|
|
Legal Form : |
Private limited company |
|
|
|
|
Line of Business : |
·
Non-specialized wholesale of raw
materials and half-finished and finished goods |
|
|
|
|
No. of Employee : |
127 |
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) |
|
Germany |
A1 |
A1 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
|
Moderate |
B1 |
|
High |
B2 |
|
Very High |
C1 |
|
Restricted |
C2 |
|
Off-credit |
D |
GERMANY ECONOMIC OVERVIEW
The German economy -
the fifth largest economy in the world in PPP terms and Europe's largest - is a
leading exporter of machinery, vehicles, chemicals, and household equipment and
benefits from a highly skilled labor force. Like its Western European
neighbors, Germany faces significant demographic challenges to sustained
long-term growth. Low fertility rates and declining net immigration are
increasing pressure on the country's social welfare system and necessitate
structural reforms. Reforms launched by the government of Chancellor Gerhard
SCHROEDER (1998-2005), deemed necessary to address chronically high
unemployment and low average growth, contributed to strong growth and falling
unemployment. These advances, as well as a government subsidized, reduced
working hour scheme, help explain the relatively modest increase in
unemployment during the 2008-09 recession - the deepest since World War II -
and its decrease to 5.2% in 2014. The new German government introduced a
minimum wage of about $11.60 (8.50 euros) per hour to take effect in 2015.
Stimulus and stabilization efforts initiated in 2008 and 2009 and tax cuts
introduced in Chancellor Angela MERKEL's second term increased Germany's total
budget deficit - including federal, state, and municipal - to 4.1% in 2010, but
slower spending and higher tax revenues reduced the deficit to 0.8% in 2011 and
in 2012 Germany reached a budget surplus of 0.1%. The budget was essentially in
balance in 2014. A constitutional amendment approved in 2009 limits the federal
government to structural deficits of no more than 0.35% of GDP per annum as of
2016 though the target was already reached in 2012. The German economy suffers
from low levels of investment, and a government plan to invest 15 billion euros
2016-18, largely in infrastructure, is intended to spur needed private
investment. Following the March 2011 Fukushima nuclear disaster, Chancellor
Angela MERKEL announced in May 2011 that eight of the country's 17 nuclear
reactors would be shut down immediately and the remaining plants would close by
2022. Germany plans to replace nuclear power with renewable energy, which
accounted for 27.8% of gross electricity consumption in 2014, up from 9% in
2000. Before the shutdown of the eight reactors, Germany relied on nuclear
power for 23% of its electricity generating capacity and 46% of its base-load
electricity production. Extremely low inflation, caused largely by low global
energy prices and a weak euro, are expected to boost German GDP growth in 2015.
|
Source
: CIA |
TER
HELL & CO. GMBH
Company Status: active
Börsenbrücke 2 Ter Hell
Haus
D 20457 Hamburg
Post Box:
11 33 25, D 20433 Hamburg
Telephone:040/300501-0
Telefax: 040/335050
Homepage: www.terhell.com
E-mail: info@terhell.com
VAT
no.: DE118566137
Tax
ID number: 48/762/01254
Business relations are permissible.
LEGAL FORM Private
limited company
Date
of foundation: 1908
Shareholders'
agreement: 11.06.1990
Registered on: 23.07.1990
Commercial Register: Local court 20355 Hamburg
under: HRB
44898
EUR 5,000,000.00
Shareholder:
Christian Andreas
Westphal
Fährhausstr. 23
D 22085 Hamburg
born: 21.03.1967
Share: EUR 2,455,000.00
Shareholder:
Klaus-Christian Westphal
Scheffelstr. 29
D 22301 Hamburg
born: 28.07.1940
Share: EUR 900,000.00
Shareholder:
Hildegard Frisch
Moorbirkenkamp 2
D 22391 Hamburg
born: 30.03.1931
née: Westphal
Share: EUR 500,000.00
Shareholder:
Erbengemeinschaft Erna Popp
Mittelweg 22-24
D 20148 Hamburg
Legal form: Community of
heirs
Share: EUR 500,000.00
Shareholder:
Marietta Westphal
Scheffelstr. 39
D 22301 Hamburg
born: 21.12.1949
Share: EUR 457,500.00
Shareholder:
Susanne Westphal
Tannenkamp 3
D 22880 Wedel
born: 20.10.1957
Share: EUR 62,500.00
Shareholder:
Philip Westphal
Mauerkircherstr. 36
D 81679 München
born: 22.04.1971
Share: EUR 62,500.00
Shareholder:
Christian Westphal
Beteiligungs UG
(haftungsbeschränkt) & Co. KG
Börsenbrücke 2
D 20457 Hamburg
Legal form: Ltd.partners.
w.entrepreneur
comp.(ltd.liability)gen.partner
Total cap. EUR 1,000.00
contribution:
Share: EUR 62,500.00
Registered on: 13.02.2008
Reg. data: 20355 Hamburg,
HRA 107826
Manager:
Thomas Sprock
Klövensteenweg 123
D 22559 Hamburg
authorized to jointly
represent the company
born: 08.06.1958
Manager:
Oliver Zimmermann
D 22085 Hamburg
born: 17.12.1969
Profession: Businessman
Manager:
Christian Andreas
Westphal
Fährhausstr. 23
D 22085 Hamburg
having sole power of
representation
born: 21.03.1967
Profession: Businessman
Proxy:
Uwe Lüdemann
D 25335 Elmshorn
authorized to
jointly represent the company
Marital status: married
Proxy:
Wolfgang Weger
D 20457 Hamburg
authorized to jointly
represent the company
born: 24.04.1965
Marital status: married
Proxy:
Dirk Schlatermund
D 22885 Barsbüttel
authorized to jointly
represent the company
born: 27.01.1971
Proxy:
Benjamin Lindenau
D 20457 Hamburg
authorized to jointly
represent the company
born: 21.10.1975
Proxy:
Andreas Strube
D 20457 Hamburg
authorized to jointly
represent the company
born: 22.10.1970
Proxy:
Jens Vinke
D 23869 Elmenhorst
authorized to jointly
represent the company
born: 27.01.1968
Further functions/participations of Thomas
Sprock (Manager)
Manager:
Bassermann GmbH
Börsenbrücke 2 , Ter Hell
Haus
D 20457 Hamburg
Legal form: Private
limited company
Share capital: EUR 25,000.00
Registered
on: 18.07.2008
Reg. data: 20355 Hamburg, HRB 106010
Further functions/participations of Christian
Andreas Westphal
(Manager)
Limited partner:
Christian Westphal
Beteiligungs UG
(haftungsbeschränkt)
& Co. KG
Börsenbrücke 2
D 20457 Hamburg
Legal form: Ltd.partners.
w.entrepreneur
comp.(ltd.liability)gen.partner
Total cap. EUR 1,000.00
contribution:
Share: EUR 1,000.00
Registered
on: 13.02.2008
Reg. data: 20355 Hamburg, HRA 107826
Shareholder:
Christian Westphal UG
(haftungsbeschränkt)
Börsenbrücke 2
D 20457 Hamburg
Legal form: Entrepreneur
Company (limited
liability)
Share capital: EUR 300.00
Share: EUR 300.00
Registered
on: 09.02.2010
Reg. data: 20355 Hamburg, HRB 112646
Manager:
TER HELL CE DISTRIBUTION
GMBH
Börsenbrücke 2
D 20457 Hamburg
Legal form: Private
limited company
Share capital: EUR 300,000.00
Registered
on: 30.08.1972
Reg. data: 20355 Hamburg, HRB 14973
Manager:
Simon & Werner GmbH
Hafenstr. 22
D 65439 Flörsheim
Legal form: Private
limited company
Share capital: EUR 3,000,200.00
Registered
on: 02.06.1997
Reg. data: 65189 Wiesbaden, HRB 18327
Manager:
Christian Westphal UG
(haftungsbeschränkt)
Börsenbrücke 2
D 20457 Hamburg
Legal form: Entrepreneur
Company (limited
liability)
Share capital: EUR 300.00
Registered
on: 09.02.2010
Reg. data: 20355 Hamburg, HRB 112646
Vice-president of the Board of Directors:
Stiftung Mittagskinder
Mattentwiete 6
D 20457 Hamburg
Legal form: Private law
foundation
Reg. data: 20355 Hamburg,
23.07.1990 - 03.12.2003 Hermann ter Hell & Co. GmbH
Kattrepelsbrücke 1
D 20095 Hamburg
Private limited
company
04.12.2003 - 14.01.2007 Ter Hell & Co. GmbH
Kattrepelsbrücke 1
D 20095 Hamburg
Private limited
company
Main industrial sector
2059
Manufacture of other chemical products n.e.c.
3299
Other manufacturing n.e.c.
46750
Wholesale of chemical products
46902
Non-specialized wholesale of raw materials and
half-finished and finished goods
Branch:
Ter Hell & Co. GmbH
Bochumer Str. 229
D 44625 Herne
Branch:
Ter Hell & Co. GmbH
Hedwigstr. 7
D 65191 Wiesbaden
Branch:
Ter Hell & Co. GmbH
Turnerheimstr. 70
D 90441 Nürnberg
Shareholder:
TER HELL PLASTIC GMBH
Bochumer Str. 229
D 44625 Herne
Legal form: Private limited
company
Company Status: active
Share capital: EUR 3,500,000.00
Share: EUR 2,835,700.00
Reg. data: 18.09.1978
Local court 44787 Bochum
HRB 9307
Shareholder:
Simon & Werner GmbH
Hafenstr. 22
D 65439 Flörsheim
Legal form: Private
limited company
Company Status: active
Share capital: EUR 3,000,200.00
Share: EUR 2,820,200.00
Reg. data: 02.06.1997
Local court 65189
Wiesbaden
HRB 18327
Shareholder:
HSH Chemie GmbH
Ballindamm 1
D 20095 Hamburg
Post Box:
10 24 25
Legal form: Private
limited company
Company Status: active
Share capital: EUR 2,150,000.00
Share: EUR 860,000.00
Reg. data: 19.08.1988
Local court
20355 Hamburg
HRB 40505
Shareholder:
TER HELL CE DISTRIBUTION
GMBH
Börsenbrücke 2
D 20457 Hamburg
Legal form: Private
limited company
Company Status: active
Share capital: EUR 300,000.00
Share: EUR 300,000.00
Reg. data: 30.08.1972
Local court
20355 Hamburg
HRB 14973
Shareholder:
Bassermann GmbH
Börsenbrücke 2 , Ter Hell
Haus
D 20457 Hamburg
Legal form: Private
limited company
Company Status: active
Share capital: EUR 25,000.00
Share: EUR 25,000.00
Reg. data: 18.07.2008
Local court
20355 Hamburg
HRB 106010
Shareholder:
LZ Logistik GmbH
Fritz-Reuter-Str. 14
D 21629 Neu Wulmstorf
Legal form: Private
limited company
Company Status: active
Share capital: EUR 50,000.00
Share: EUR 15,000.00
Reg. data: 15.07.2009
Local court
21255 Tostedt
HRB 201840
Payment experience: within agreed terms
Negative information:We have no negative
information at hand.
Balance sheet year: 2014
Type of ownership: Tenant
Address Börsenbrücke 2 Ter Hell Haus
D 20457 Hamburg
Real Estate of: Klaus-Christian Westphal
Type of ownership: proprietor
Share: 100.00 %
Address Scheffelstr. 29
D 22301 Hamburg
Land register documents were not available.
Principal bank
DEUTSCHE
BANK, 20079 HAMBURG
Sort. code: 20070000, Account no.: 307140
BIC: DEUTDEHHXXX, IBAN: DE21200700000030714000
Further banks
JOH. BERENBERG, GOSSLER & CO, 20354
HAMBURG
Sort. code: 20120000, Account no.: 8844003
BIC: BEGODEHHXXX, IBAN: DE38201200000008844003
HAMBURGER SPARKASSE, 20454 HAMBURG
Sort. code: 20050550, Account no.: 1280353564
BIC: HASPDEHHXXX, IBAN: DE38200505501280353564
POSTBANK (GIRO), 22280 HAMBURG
Sort. code: 20010020, Account no.: 39370204
BIC: PBNKDEFFXXX, IBAN: DE10200100200039370204
Turnover: 2013 EUR 178,097,730.00
2014 EUR 197,500,159.00
Profit: 2013 EUR 6,582,924.00
2014 EUR 4,978,332.00
further business figures:
Equipment: EUR 681,126.00
Ac/ts receivable: EUR 23,451,461.00
Liabilities: EUR 40,192,846.00
Total numbers of vehicles: 13
-
Passenger cars:
13
Employees:
127
-
thereof permanent staff: 119
-
Trainees:
5
Balance sheet ratios 01.01.2014 - 31.12.2014
Equity ratio [%]: 60.35
Liquidity ratio: 0.85
Return on total capital [%]: 6.10
Balance sheet ratios 01.01.2013 - 31.12.2013
Equity ratio [%]: 64.33
Liquidity ratio: 0.92
Return on total capital [%]: 9.17
Balance sheet ratios 01.01.2012 - 31.12.2012
Equity ratio [%]: 53.84
Liquidity ratio: 0.57
Return on total capital [%]: 6.89
Balance sheet ratios 01.01.2011 - 31.12.2011
Equity ratio [%]: 56.52
Liquidity ratio: 0.70
Return
on total capital [%]: 8.06
Equity ratio
The
equity ratio indicates the portion of the equity as compared
to
the total capital. The higher the equity ratio, the better the
economic stability (solvency) and thus the
financial autonomy of
a
company.
Liquidity ratio
The
liquidity ratio shows the proportion between adjusted
receivables and net liabilities. The higher
the ratio, the lower
the
company's financial dependancy from external creditors.
Return on total capital
The
return on total capital shows the efficiency and return on
the
total capital employed in the company. The higher the return
on
total capital, the more economically does the company work
with the invested capital.
Type of balance
sheet: Company balance sheet
Financial year: 01.01.2014 - 31.12.2014
ASSETS EUR 81,964,954.81
Fixed assets
EUR 27,089,369.07
Intangible assets
EUR 604,730.38
Concessions, licences, rights
EUR 577,890.38
Advance payments for intang. assets
EUR 26,840.00
Tangible assets
EUR 747,834.59
Other tangible assets / fixtures and
fittings EUR 681,126.22
Advance payments made / construction
in progress
EUR 66,708.37
Financial assets
EUR 25,736,804.10
Shares in participations /
subsidiaries and the like
EUR 22,717,536.61
Shares in related companies
EUR 14,584,528.87
Shares in investee companies
EUR 8,133,007.74
Loans to participations /
subsidiaries and the like
EUR 2,692,267.49
Loans to related companies
EUR 2,692,267.49
Other loans
EUR 327,000.00
Current assets
EUR 54,635,063.39
Stocks
EUR 30,085,989.85
Finished goods / work in progress
EUR 30,085,989.85
Accounts receivable
EUR 23,451,461.27
Trade debtors
EUR 18,055,056.55
Amounts due from related companies
EUR 2,099,940.57
Amounts due from investee companies
EUR 472,568.68
Other debtors and assets
EUR 2,823,895.47
Liquid means
EUR 1,097,612.27
Remaining other assets
EUR 240,522.35
Accruals (assets)
EUR 240,522.35
LIABILITIES EUR 81,964,954.81
Shareholders' equity EUR 37,787,386.29
Capital
EUR 5,000,000.00
Subscribed capital (share capital)
EUR 5,000,000.00
Reserves
EUR 17,630,365.00
Retained earnings / revenue reserves EUR 17,630,365.00
Balance sheet profit/loss (+/-)
EUR 15,157,021.29
Profit / loss brought forward
EUR 10,178,689.38
Annual surplus / annual deficit
EUR 4,978,331.91
Provisions EUR 3,984,722.65
Pension provisions and comparable
provisions
EUR 2,373,255.00
Provisions for taxes
EUR 288,351.31
Other / unspecified provisions
EUR 1,323,116.34
Liabilities
EUR 40,192,845.87
Financial debts
EUR 9,582,240.05
Liabilities due to banks
EUR 9,582,240.05
Other liabilities
EUR 30,610,605.82
Trade creditors (for IAS incl. bills
of exchange)
EUR 11,984,767.57
Liabilities due to shareholders
EUR 11,807,444.32
Liabililties due to related companiesEUR 715,237.55
Liabilities due to investee companiesEUR 191,842.28
Unspecified other liabilities
EUR 5,911,314.10
thereof liabilities from tax /
financial authorities
EUR 682,639.93
thereof liabilities from social
security
EUR 0.43
PROFIT AND LOSS ACCOUNT (cost-summary method)
according to Comm.
Code (HGB)
Sales
EUR 197,500,159.33
Other operating income
EUR 1,857,541.09
Cost of materials
EUR 173,676,342.29
Raw materials and supplies, purchased
goods
EUR 173,364,954.43
Purchased services
EUR 311,387.86
Gross result (+/-)
EUR 25,681,358.13
Staff expenses
EUR 10,065,830.52
Wages and salaries
EUR 8,640,428.84
Social security contributions and
expenses for pension plans and
benefits
EUR 1,425,401.68
Total depreciation
EUR 454,491.30
Depreciation on tangible / intangible
asssets (incl. start-up and exp. of
bus.
EUR 454,491.30
Other operating expenses
EUR 11,838,158.69
Operating result from continuing
operations
EUR 3,322,877.62
Result from participating interests
(+/-)
EUR 3,715,024.61
Expenses / income from participations EUR 3,715,024.61
Income from transfer of profits
EUR 500,778.61
Income from related companies
EUR 3,214,246.00
Interest result (+/-)
EUR -975,805.68
Interest and similar income
EUR 21,064.65
Interest and similar expenses
EUR 996,870.33
Other financial result
EUR 52,116.61
Income from securities and loans from
financial assets
EUR 92,116.61
thereof related companies
EUR 84,595.61
Depreciation on financial assets and
marketable securities
EUR 40,000.00
Financial result (+/-)
EUR 2,791,335.54
Result from ordinary operations (+/-)
EUR 6,114,213.16
Income tax / refund of income tax (+/-)EUR -1,112,294.99
Other taxes / refund of taxes
EUR -23,586.26
Tax
(+/-)
EUR -1,135,881.25
Annual surplus / annual deficit
EUR 4,978,331.91
Type of balance
sheet: Company balance sheet
Financial year: 01.01.2013 - 31.12.2013
ASSETS EUR 72,119,397.15
Fixed assets
EUR 25,668,007.11
Intangible assets
EUR 847,432.08
Concessions, licences, rights
EUR 847,432.08
Tangible assets
EUR 394,408.95
Other tangible assets / fixtures and
fittings EUR 394,408.95
Financial assets
EUR 24,426,166.08
Shares in participations /
subsidiaries and the like
EUR 21,587,415.71
Shares in related companies
EUR 13,763,560.47
Shares in investee companies
EUR 7,823,855.24
Loans to participations /
subsidiaries and the like
EUR 2,511,750.37
Loans to related companies
EUR 2,511,750.37
Other
loans EUR 327,000.00
Current assets
EUR 46,322,298.00
Stocks
EUR 25,696,993.36
Finished goods / work in progress
EUR 25,555,118.39
Advance payments made
EUR 141,874.97
Accounts receivable
EUR 19,968,881.43
Trade debtors
EUR 15,039,912.54
Amounts due from related companies
EUR 1,798,134.48
Amounts due from investee companies
EUR 244,491.12
Other debtors and assets
EUR 2,886,343.29
Liquid means
EUR 656,423.21
Remaining other assets EUR 129,092.04
Accruals (assets)
EUR 129,092.04
LIABILITIES EUR 72,119,397.15
Shareholders' equity
EUR 35,391,978.66
Capital EUR 5,000,000.00
Subscribed capital (share capital)
EUR 5,000,000.00
Reserves
EUR 13,630,365.00
Retained earnings / revenue reserves EUR 13,630,365.00
Balance sheet profit/loss (+/-)
EUR 16,761,613.66
Profit / loss brought forward
EUR 10,178,689.39
Annual surplus / annual deficit
EUR 6,582,924.27
Provisions
EUR 3,669,332.34
Pension provisions and comparable
provisions
EUR 2,276,737.00
Other / unspecified provisions
EUR 1,392,595.34
Liabilities
EUR 33,058,086.15
Financial debts
EUR 6,639,096.66
Liabilities due to banks
EUR 6,639,096.66
Other liabilities
EUR 26,418,989.49
Trade creditors (for IAS incl. bills
of exchange) EUR 11,244,183.09
Liabilities due to shareholders
EUR 11,122,784.74
Liabililties due to related companiesEUR 171,478.08
Unspecified other liabilities
EUR 3,880,543.58
thereof liabilities from tax /
financial authorities
EUR 161,659.38
thereof liabilities from social
security
EUR 1,131.43
Guarantees and other commitments
EUR 2,301,000.00
Guarantees / warranties EUR 2,301,000.00
Guarantees
EUR 2,301,000.00
PROFIT AND LOSS ACCOUNT (cost-summary method)
according to Comm.
Code (HGB)
Sales
EUR 178,097,730.02
Other operating income
EUR 1,728,417.49
Cost of materials
EUR 156,514,630.44
Raw materials and supplies, purchased
goods
EUR 156,514,630.44
Gross result (+/-)
EUR 23,311,517.07
Staff expenses
EUR 9,901,848.13
Wages and salaries
EUR 8,630,728.39
Social security contributions and
expenses
for pension plans and
benefits
EUR 1,271,119.74
Total depreciation
EUR 444,034.26
Depreciation on tangible / intangible
asssets (incl. start-up and exp. of
bus. EUR 444,034.26
Other operating expenses
EUR 9,987,167.18
Operating result from continuing
operations
EUR 2,978,467.50
Result from participating interests
(+/-)
EUR 5,299,273.12
Expenses / income from participations EUR 5,299,273.12
Interest result (+/-)
EUR -954,732.82
Interest and similar income
EUR 24,461.81
Interest and similar expenses
EUR 979,194.63
Other financial result
EUR 89,892.56
Income from securities and loans from
financial assets
EUR 89,892.56
thereof related companies
EUR 82,241.61
Financial result (+/-)
EUR 4,434,432.86
Result from ordinary operations (+/-)
EUR 7,412,900.36
Income tax / refund of income tax (+/-)EUR -814,970.35
Other taxes / refund of taxes
EUR -15,005.74
Tax
(+/-)
EUR -829,976.09
Annual surplus / annual deficit
EUR 6,582,924.27
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.65.22 |
|
|
1 |
Rs.102.23 |
|
Euro |
1 |
Rs.72.39 |
INFORMATION DETAILS
|
Analysis Done by
: |
KIN |
|
|
|
|
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.