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Report No. : |
352090 |
|
Report Date : |
03.12.2015 |
IDENTIFICATION DETAILS
|
Name : |
BOSSARD AG |
|
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Registered Office : |
Steinhauserstrasse 70, Postfach, 6301 Zug/ZG Switzerland/CH |
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|
|
Country : |
Switzerland
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|
|
Financials (as on) : |
31.12.2014 |
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|
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Date of Incorporation : |
1831 |
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|
|
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Com. Reg. No.: |
170.3.005.204-5 |
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Legal Form : |
Company Limited By Shares |
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Line of Business : |
The business activities includes trading in consumer goods
of the connection-, manufacturing-, testing- and assembly technology. The
range includes bolts, nuts, rivets, washers, connecting elements. |
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No. of Employees : |
300 |
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 : |
Good |
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Payment Behaviour : |
Regular |
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Litigation : |
Exist |
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) |
|
Switzerland |
A1 |
A1 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
|
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 Swiss exports. The global financial crisis of 2008 and resulting economic downturn in 2009 stalled demand for Swiss exports and put Switzerland into a recession. During this period, the Swiss National Bank (SNB) implemented a zero-interest rate policy to boost the economy, as well as to prevent appreciation of the franc, and Switzerland's economy began to recover in 2010.
The sovereign debt crises unfolding in neighboring euro-zone countries, however, coupled with ongoing economic instability in Russia and other eastern European economies continue to pose a significant risk to the Swiss economy, driving up demand for the Swiss franc by investors seeking a safe-haven currency. In January 2015, the SNB abandoned the Swiss franc’s peg to the Euro, roiling global currency markets and making active SNB intervention a necessary hallmark of present-day Swiss monetary policy. 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 from 2011-14.
In recent years, Switzerland has responded to increasing pressure from neighboring countries and trading partners to reform its banking secrecy laws, by agreeing to conform to OECD regulations on administrative assistance in tax matters, including tax evasion. The Swiss government has also renegotiated its double taxation agreements with numerous countries, including the US, to incorporate OECD standards, and is openly considering the possibility of imposing taxes on bank deposits held by foreigners.
|
Source
: CIA |
Note: The
requested phone number 041 7496560 is an additional phone number.
BOSSARD AG
Steinhauserstrasse 70
Postfach
6301 Zug/ZG
Switzerland/CH
Telephone: 041 7496611
041 7496339
Fax: 041 7496622
041 7496011
Web site: http://www.bossard.com
E-mail: bossard@bossard.com
WIN Worldbox No.: CH0000042534
VAT-No.: CHE-116.282.230
MWST
UID-No.: CHE101058161
Established: 1831
History: 1973: Limited company
Line of Business: Consumer
goods wholesale
Industry Division: Wholesale
trade
Industry-code (NACE): 4672 Wholesale of metals
and metal ores
Import/Export: Export
Quality certification: ISO 9001 2008
ISO 14001 2004
Banks: UBS
AG, Baarerstrasse 14a, 6301 Zug, Swift: UBSWCHZH63A
CREDIT SUISSE (4), Bahnhofstrasse 17, 6301 Zug, Swift: CRESCHZZ63A
Coverage: Company
Figures: estimated
Financial year: 2015
Employees: 300
Sales: CHF
44,000,000.--
The business activities includes trading in consumer goods
of the connection-, manufacturing-, testing- and assembly technology. The range
includes bolts, nuts, rivets, washers, connecting elements.
Information on property ownership was not
available.
Company No: 170.3.005.204-5
UID-No.: CHE101058161
Legal form: Company
limited by shares
Registration: 26.03.1973
Legal status: active
Responsible Register: Handelsregister
des Kantons Zug
History: Date
of Statutes: 08.06.1983
Date
of Statutes: 09.09.1996
Entry Deleted Name
active Bossard AG
active Bossard
Ltd (Name translated)
active Bossard
SA (Name translated)
Entry Deleted Legal domicile
active Zug,
Switzerland
Entry Deleted Address
13.04.2004 Steinhauserstrasse
70, 6301 Zug, Switzerland/CH
13.04.2004 Steinhauserstrasse 70, 6300 Zug/ZG,
Switzerland/CH
Entry Deleted Capital
11.09.1996 Share
Capital CHF 12,000,000, paidup CHF 12,000,000
Entry Deleted Capital Structure
11.09.1996 120,000
Registered shares with restricted transferability of CHF 100.--
Title Name
President David Dean
Citizen: Volketswil,
Switzerland
Residential address:
Meilen, Switzerland
joint signature of two
Director Stephan Zehnder
Citizen: Zug,
Switzerland
Residential address:
63123 Steinhausen/ZG, Switzerland
joint signature of two
Registered since:
02.02.1999
Title Name
Director Daniel Bossard
Citizen: Zug,
Switzerland
Residential address:
Hünenberg, Switzerland
joint signature of two
Registered since:
14.06.2007
Director Beat Grob
Citizen: Cham,
Switzerland
Residential address:
6330 Cham/ZG, Switzerland
joint signature of two
Registered since:
20.01.1997
Director Stephan Zehnder
Citizen: Zug,
Switzerland
Residential address:
63123 Steinhausen/ZG, Switzerland
joint signature of two
Registered since:
02.02.1999
Vice-Director Alexander Angst
Citizen: Horgen,
Switzerland
Residential address:
6300 Zug/ZG, Switzerland
joint signature of two
Registered since: 04.06.2009
Vice-Director Andreas
Bertaggia
Citizen: Zug,
Switzerland
Residential address:
Zug, Switzerland
joint signature of two
Registered since:
07.04.2006
Vice-Director Albert Britschgi
Citizen: Sarnen, Switzerland
Residential address:
Zürich, Switzerland
joint signature of two
Registered
since: 20.02.2002
Vice-Director Markus
A. Burkard
Citizen: Sursee,
Switzerland
Residential address:
Eich, Switzerland
joint signature of two
Vice-Director Manuel
Caccetta
Citizen: Luzern,
Switzerland
Residential address:
Root, Switzerland
joint signature of two
Registered since:
09.07.2008
Vice-Director Gebhard Elsener
Citizen: Menzingen,
Switzerland
Residential address:
Hünenberg, Switzerland
joint signature of two
Vice-Director Urs Güttinger
Citizen: Opfikon,
Switzerland
Residential address:
Steinhausen, Switzerland
joint signature of two
Registered since:
08.02.2000
Vice-Director Armin Huber
Citizen: Kriens,
Switzerland
Residential address: Rickenbach
/AG, Switzerland
joint signature of two
Registered since:
26.02.2014
Vice-Director Erica Jakober
Citizen: Glarus,
Schänis, Switzerland
Residential address:
Hünenberg, Switzerland
joint signature of two
Registered since:
29.06.1995
Vice-Director Peter Kammüller
Citizen: Neuheim,
Switzerland
Residential address:
Menzingen, Switzerland
joint signature of two
Registered since:
26.02.2014
Vice-Director Jacqueline
Kaufmann
Citizen: Winikon,
Switzerland
Residential address:
8912 Obfelden/ZH, Switzerland
joint signature of two
Registered since:
01.02.2006
Vice-Director Stefan Müller
Citizen: Seuzach,
Switzerland
Residential address:
Geroldswil, Switzerland
joint signature of two
Registered since:
09.07.2008
Vice-Director Jeremias Näf
Citizen: Menznau,
Switzerland
Residential address:
Rickenbach /LU, Switzerland
joint signature of two
Registered since:
24.05.2011
Vice-Director Tee Bin Ong
Citizen: Malaysia
Residential address:
6300 Zug/ZG, Switzerland
joint signature of two
Registered since:
22.01.2009
Vice-Director Guido Pfister
Citizen: Dagmersellen,
Switzerland
Residential address:
6204 Sempach Stadt/LU, Switzerland
joint signature of two
Registered
since: 09.07.2008
Vice-Director Martin
Rüedy
Citizen:
Gächlingen, Switzerland
Residential address:
Steinhausen, Switzerland
joint signature of two
Registered since:
27.01.2003
Vice-Director Daniel Stutz
Citizen: Arni AG,
Islisberg, Switzerland
Residential address:
6344 Meierskappel/LU, Switzerland
joint signature of two
Registered since:
27.01.2003
Vice-Director Philippe Züllig
Citizen: Amriswil,
Switzerland
Residential
address: Wettswil am Albis, Switzerland
joint signature of two
Registered since:
09.07.2014
Member with procuration Christoph
Brun
Citizen: Reiden, Dagmersellen, Switzerland
Residential address:
Luzern, Switzerland
joint power of attorney
of two
Registered since:
01.02.2006
Member with procuration Beat
Burkard
Citizen: Beromünster,
Switzerland
Residential address:
Schenkon, Switzerland
joint power of attorney
of two
Registered since:
20.05.2014
Member with procuration Henrik
Christensen
Citizen: Denmark
Residential address:
Baar, Switzerland
joint power of attorney
of two
Registered since:
20.05.2014
Member with procuration Bernardo
Egli
Citizen: Affoltern am
Albis, Switzerland
Residential address:
Walchwil, Switzerland
joint power of attorney
of two
Registered since:
29.05.2013
Member with procuration Jürgen
Eixler
Citizen: Winterthur,
Switzerland
Residential address:
Hünenberg, Switzerland
joint power of attorney
of two
Registered since:
16.05.2012
Member with procuration Renato
Guccione
Citizen: Italy
Residential address:
5406 Rütihof/AG, Switzerland
joint power of attorney
of two
Registered since:
14.06.2010
Member with procuration Kurt
Hürlimann
Citizen: Dürnten,
Switzerland
Residential address:
Unterägeri, Switzerland
joint power of attorney
of two
Registered since:
24.05.2011
Member with procuration Alexander
Kaiser
Citizen: Ennetmoos,
Switzerland
Residential address:
Wettswil am Albis, Switzerland
joint power of attorney
of two
Registered since:
21.11.2011
Member with procuration Tobias
Mayr
Citizen: Germany
Residential address:
Bergdietikon, Switzerland
joint power of attorney
of two
Registered since:
27.05.2015
Member with procuration Guido
Osterwalder
Citizen: Emmen,
Waldkirch, Switzerland
Residential address:
Luzern, Switzerland
joint power of attorney
of two
Registered since:
29.06.1995
Member with procuration Claudia
Rechsteiner
Citizen: Appenzell,
Switzerland
Residential address:
Hünenberg, Switzerland
joint power of attorney
of two
Registered since:
24.05.2011
Member with procuration Patrick
Tschan
Citizen: Basel,
Switzerland
Residential address:
Steinhausen, Switzerland
joint power of attorney
of two
Registered since:
05.02.2013
Member with procuration Franz
Weingand
Citizen: Sins,
Switzerland
Residential address:
Steinhausen, Switzerland
joint power of attorney
of two
Registered since:
24.05.2011
Member with procuration Peter
Wetzel
Citizen: Zürich,
Switzerland
Residential address:
Adligenswil, Switzerland
joint power of attorney
of two
Registered since:
20.05.2014
Member with procuration Herbert
Wildi
Citizen: Schafisheim,
Switzerland
Residential address:
Unterägeri, Switzerland
joint power of attorney
of two
Member with procuration Erika
Winteler Walser
Citizen: Glarus Nord,
Switzerland
Residential address:
Oberrüti, Switzerland
joint power of attorney
of two
Registered since:
20.05.2014
Member with procuration Roger
Zurfluh
Citizen: Gurtnellen,
Switzerland
Residential address:
Schattdorf, Switzerland
joint power of attorney
of two
Registered since:
27.05.2015
Title Name
Auditor PricewaterhouseCoopers AG
Residential address: Zürich,
Switzerland
Id: CH-020.3.020.876-5
Registered since:
25.09.2000
Title Name
Chief Executive Officer Beat Grob
Chief Human Resources Officer Erica Jakober (ejakober@bossard.com)
Name: Bossard Holding AG
City/Country: Zug/ZG,
Switzerland/CH
No. of owner/-s: 1
Owner: The
company is domestic owned.
Class: 100%
Name: Bossard Holding AG
City/Country: Zug/ZG,
Switzerland/CH
Interest: 100,00% voting
right, 100,00% capital interest
Name: Bossard Finance AG
City/Country: Zug/ZG,
Switzerland/CH
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: th.
CHF th.
CHF th. CHF th. CHF th. CHF
Statement norm: Local
GAAP Local GAAP Local GAAP Local GAAP Local GAAP
Balance Sheet
Intangible fixed assets 3,669.0 3,364.0 3,277.0 2,813.0 3,429.0
Land and buildings 57,066.0 57,770.0 54,475.0 36,376.0 37,773.0
Other tangible
fixed assets 29,996.0 29,630.0 31,726.0 28,520.0 17,220.0
Tangible fixed assets 87,062.0 87,400.0 86,201.0 64,896.0 54,993.0
Financial fixed assets 11,450.0 1,651.0 1,247.0 1,611.0 1,548.0
other fixed assets 7,109.0 5,460.0 5,004.0 2,472.0 2,120.0
Fixed assets 109,290.0 97,875.0 95,729.0 71,792.0 62,090.0
Stocks 189,853.0 160,748.0 155,583.0 153,585.0 126,018.0
Trade accounts receivable 95,347.0 89,435.0 85,299.0 79,962.0 74,268.0
Cash & Cash Equivalents 25,418.0 25,446.0 25,629.0 15,647.0 18,980.0
Securities 0.0
other trade accounts 7,602.0 5,397.0 5,773.0 2,080.0 2,024.0
Accruals 6,870.0 8,050.0 8,290.0 7,965.0 9,363.0
Other current assets 39,890.0 38,893.0 39,692.0 25,692.0 30,367.0
Current assets 325,090.0 289,076.0 280,574.0 259,239.0 230,653.0
Total assets 434,380.0 386,951.0 376,303.0 331,031.0 292,743.0
Capital 40,000.0 40,000.0 32,000.0 32,000.0 32,000.0
Other shareholders funds 166,851.0 124,312.0 14,681.0 170,691.0 143,751.0
Total shareholders equity 206,851.0 164,312.0 46,681.0 202,691.0 175,751.0
Minority interests 3,752.0 2,986.0 3,427.0 3,549.0 3,603.0
long term debt (financial debts) 65,000.0 80,000.0 110,000.0 0.0 0.0
Provisions 4,945.0 4,417.0 6,870.0 1,251.0 1,518.0
Other non current liabilities 4,536.0 5,374.0 3,713.0 2,438.0 2,495.0
Non current liabilities 74,481.0 89,791.0 120,583.0 3,689.0 4,013.0
short term debt (financial debts) 58,293.0 46,609.0 117,814.0 45,254.0 44,727.0
Trade accounts payable 42,918.0 38,711.0 38,657.0 30,984.0 27,727.0
Provisions 533.0 705.0 979.0 1,254.0 846.0
Accruals 23,819.0 24,569.0 23,853.0 24,481.0 24,154.0
other accounts payable 23,733.0 19,268.0 24,309.0 19,129.0 11,922.0
other current liabilities 48,085.0 44,542.0 49,141.0 44,864.0 36,922.0
Current liabilities 149,296.0 129,862.0 205,612.0 121,102.0 109,376.0
Shareh. equity, min. int. & liabilities 434,380.0 386,951.0 376,303.0 331,031.0 292,743.0
Profit and loss account
Sales 621,295.0 609,714.0 487,094.0 473,484.0 477,609.0
Reduction of proceeds 3,531.0 19,555.0 15,921.0 15,767.0 18,885.0
Net sales 617,764.0 590,159.0 471,173.0 457,717.0 458,724.0
Other operating revenue 0.0 0.0 3,279.0 0.0 0.0
Operating revenue 617,764.0 590,159.0 474,452.0 457,717.0 458,724.0
Cost of goods sold 420,633.0 348,124.0 283,695.0 272,165.0 270,307.0
Gross profit 197,131.0 242,035.0 190,757.0 185,552.0 188,417.0
Other operating
expenses 124,328.0 172,252.0 139,847.0 135,292.0 141,151.0
Operating result 72,803.0 69,783.0 50,910.0 50,260.0 47,266.0
Interest revenues 823.0 303.0 338.0 400.0 533.0
other financial revenues 689.0 945.0 1,279.0 953.0 6,667.0
Financial income 1,512.0 1,248.0 1,617.0 1,353.0 7,200.0
Interest expenses 3,837.0 4,528.0 2,258.0 1,920.0 2,392.0
other financial expenses 819.0 803.0 1,165.0 1,518.0 6,686.0
Financial expenses 4,656.0 5,331.0 3,423.0 3,438.0 9,078.0
Financial result -3,144.0 -4,083.0 -1,806.0 -2,085.0 -1,878.0
Result before extraordinary items 69,659.0 65,700.0 49,104.0 48,175.0 45,388.0
Extraordinary Result 0.0 0.0 0.0 0.0 0.0
Result before taxes 69,659.0 65,700.0 49,104.0 48,175.0 45,388.0
Taxes 12,531.0 9,699.0 6,197.0 3,362.0 460.0
Result before
minority interests 57,128.0 56,001.0 42,907.0 44,813.0 44,928.0
minority interests 473.0 41.0 41.0 553.0 664.0
Result for the financial year 56,655.0 55,960.0 42,866.0 44,260.0 44,264.0
Cash flow
Depreciation 12,449.0 12,315.0 10,447.0 9,836.0 8,898.0
Cash flow 69,577.0 68,316.0 53,354.0 54,649.0 53,826.0
Cash flow from operating activities 47,518.0 57,007.0 56,319.0 25,942.0 28,366.0
Investments in tangible fixed assets 9,981.0 13,292.0 21,482.0 12,231.0 7,122.0
Cash flow from investing activities -20,595.0 -18,571.0 -210,807.0 -12,810.0 -5,898.0
Cash flow from financing activities -28,170.0 -38,350.0 164,647.0 -16,626.0 -24,209.0
Others 1,219.0 -269.0 -177.0 161.0 -1,718.0
Change in liquidity -28.0 -183.0 9,982.0 -3,333.0 -3,459.0
Liquidity at beginning of the year 25,446.0 25,629.0 15,647.0 18,980.0 22,439.0
Liquidity at end of the year 25,418.0 25,446.0 25,629.0 15,647.0 18,980.0
Notes
Material costs 420,633.0 348,124.0 283,695.0 272,165.0 270,307.0
Cost of employees 129,401.0 123,388.0 99,627.0 96,986.0 99,393.0
Added value 215,346.0 205,931.0 161,436.0 156,917.0 156,071.0
Working Capital 242,282.0 211,472.0 202,225.0 202,563.0 172,559.0
Net Current Assets 175,794.0 159,214.0 74,962.0 138,137.0 121,277.0
Sales per Employee 320.7 320.4 303.8 306.6 329.3
Market capitalisation 826,000.0 780,900.0 399,500.0 303,633.1 324,881.2
Gross cost land
and buildings 103,096.0 101,050.0 95,162.0 75,093.0 74,815.0
Gross cost other tangible fixed assets 108,642.0 102,850.0 106,537.0 100,224.0 88,667.0
Gross cost total 211,738.0 203,900.0 201,699.0 175,317.0 163,482.0
Insurance value total 194,000.0 182,100.0 179,400.0 161,400.0 151,300.0
Employees at year end 1,926 1,842
Full time units average 1,806 1,767 1,551 1,493 1,393
Class: 100%
Name: Bossard
SK, spol. s r.o. v likvidácii
City/Country: Dubnica
nad Váhom, Slovakia/SK
Interest: 100,00%
voting right, 100,00% capital interest (since 23.02.2007)
Balance sheet publication:
The subject company does not publish balance sheet
or turnover figures.
Control date Year No. Amount
CHF Status
21.05.2014 2014 0 Legal
actions
31.12.2013 2013 1 105,340.-- Opposition filed
31.12.2012 2012 0 Legal
actions
31.12.2011 2011 0 Legal
actions
31.12.2010 2010 0 Legal
actions
31.12.2009 2009 0 Legal
actions
06.09.2007 2007 0 Legal
actions
31.12.2006 2006 0 Legal
actions
31.12.2005 2005 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.
The company
is not listed in the World Compliance database.
Debt Collection Case:
JAN 2014: CHF 90.00, last legal demand.
Note: The VAT number - CHE-116.282.230 MWST - is
the Group VAT number.
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 considered to be good.
Payment experiences: Financial obligations are met as appropriate.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.66.62 |
|
|
1 |
Rs.100.34 |
|
Euro |
1 |
Rs.70.67 |
|
CHF |
1 |
Rs.65.19 |
Note :
Above are approximate rates obtained from sources believed to be correct
INFORMATION DETAILS
|
Analysis Done by
: |
DIV |
|
|
|
|
Report Prepared
by : |
TPT |
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.