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Report No. : |
354813 |
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Report Date : |
18.12.2015 |
IDENTIFICATION DETAILS
|
Name : |
TRENCH AUSTRIA GMBH |
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Formerly Known As : |
HAEFELY TRENCH AUSTRIA GMBH |
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Registered Office : |
Paschingerstraße 49 A-4060 Leonding |
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Country : |
Austria |
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Financials (as on) : |
30.09.2014 |
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Date of Incorporation : |
1954 |
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Legal Form : |
Limited liability company |
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Line of Business : |
Manufacture of other electrical equipment |
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No. of Employee : |
255 |
RATING & COMMENTS
|
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 : |
Good |
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Payment Behaviour : |
Regular |
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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 – March 31, 2015
|
Country Name |
Previous Rating (31.12.2014) |
Current Rating (31.03.2015) |
|
Austria |
A2 |
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 |
AUSTRIA - ECONOMIC OVERVIEW
Austria, with its well-developed market economy, skilled labor force, and high standard of living, is closely tied to other EU economies, especially Germany's. Its economy features a large service sector, a relatively sound industrial sector, and a small, but highly developed agricultural sector. Economic growth was anemic at less than 0.5% in 2013 and 2014, and growth in 2015 is not expected to exceed 0.5%. Austria's 5.6% unemployment rate, while low by European standards, is at an historic high for Austria. Without extensive vocational training programs and generous early retirement, the unemployment rate would be even higher. Public finances have not stabilized even after a 2012 austerity package of expenditure cuts and new revenues. On the contrary, in 2014, the government created a "bad bank" for the troubled nationalized "Hypo Alpe Adria" bank, pushing the budget deficit up by 0.9% of GDP to 2.4% and public debt to 84.5% of the GDP. Although Austria's fiscal position compares favorably with other euro-zone countries, it faces several external risks, such as Austrian banks' continued exposure to Central and Eastern Europe, repercussions from the Hypo Alpe Adria bank collapse, political and economic uncertainties caused by the European sovereign debt crisis, the current crisis in Russia/Ukraine, the recent appreciation of the Swiss Franc, and political developments in Hungary.
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Source
: CIA |
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Trench
Austria GmbH Paschingerstraße 49 A-4060 Leonding |
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ÖNACE 27900 100% Manufacture of other electrical equipment
Financial details can also be entered during the period,
irrespective of the balance sheet date.
|
total turnover (total sales) |
2015 |
EUR |
63.000.000,00 |
(estimated) |
|
total turnover (total sales) |
2014 |
EUR |
62.031.875,00 |
(exact) |
|
total turnover (total sales) |
2013 |
EUR |
63.881.281,00 |
(exact) |
|
total turnover (total sales) |
2012 |
EUR |
62.013.679,00 |
(exact) |
|
total turnover (total sales) |
2011 |
EUR |
60.530.644,00 |
(exact) |
|
total investments |
2014 |
EUR |
2.420.192,84 |
(exact) |
|
total company vehicles |
2015 |
|
11 |
(exact) |
|
cars |
2015 |
|
10 |
(exact) |
|
lorries more than 3.5t |
2015 |
|
1 |
(exact) |
|
total employees |
2015 |
|
255 |
(average) |
|
Company name |
Trench Austria GmbH |
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Year of incorporation |
1954 |
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Type of company |
Manufacturing |
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Legal form |
limited liability company since 1997-08-25 |
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Companies house number |
FN 162147 b Linz since 1997-09-04 |
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Import |
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Export |
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DVR number |
0117781 |
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ARA-number |
3905 |
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VAT number |
ATU 43265809 |
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number - Austrian National Bank |
3712583 |
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Last balance sheet: |
2014 |
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Banking connection |
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operational |
A-4060 Leonding, Paschinger Str. 49 |
registered office |
|
operational |
A-4060 Leonding, Paschingerstraße 49 |
registered headquarters, leased building |
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|
0043 732 6793 |
sales.at@trench-group.com |
|
operational |
A-1043 Wien, Postfach 23, Rechnungsadresse |
postbox |
|
former |
A-4060 Leonding, Paschinger Str. 49 |
registered office |
|
Surname |
Date of birth |
Address |
Executive positions |
Further executive positions (as registered in the companies'
house) |
|
Ing. Gustav Eckert |
1959-10-29 |
A-4020 Linz Schiferweg 1 |
manager |
0 |
|
Manuela Trummer |
1977-02-19 |
A-4060 Leonding Leopold Kronsteinerstraße 8a |
manager |
0 |
|
Doris Netzmann |
1970-10-12 |
A-4060 Leonding Paschingerstraße 49(c/o) |
joint signing clerk head of purchasing |
0 |
|
Dipl.-Ing.(FH) Klaus Pointner |
1968-04-02 |
A-4060 Leonding Paschingerstraße 49(c/o) |
joint signing clerk head of sales head of marketing |
0 |
|
Ing. Günther Steiner |
1954-08-26 |
A-4020 Linz Grünentalerstraße 22 |
joint signing clerk |
0 |
|
Markus Steiner |
|
A-4060 Leonding Paschingerstraße 49(c/o) |
head of EDP |
0 |
|
Company name |
Address |
Shareholdings in % |
Since |
Commercial register no. |
|
Shares in this company are held by: |
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Siemens Konzernbeteiligungen GmbH |
A-1210 Wien Siemensstraße 90 |
100 % |
2005-09-29 |
FN 252377 v |
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Affiliated companies and further participations: |
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ASTRAL Handelsgesellschaft mbH |
A-4050 Traun Langholzstraße 16 |
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|
FN 89914 b |
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Siemens Urban Rail Technologies Holding GmbH |
A-1210 Wien Siemensstraße 90 |
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|
FN 383904 s |
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Siemens Aktiengesellschaft Österreich |
A-1210 Wien Siemensstraße 90 |
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|
FN 60562 m |
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Siemens Industry Software GmbH |
A-4020 Linz Wolfgang Paulistraße 2 |
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|
FN 214676 a |
|
ETM professional control GmbH |
A-7000 Eisenstadt Marktstraße 3 |
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|
FN 256655 i |
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|
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All
amounts in EUR
|
|
2014-09-30 |
|
Franchises, patents, licences, trademarks and similar rights and
advantages |
359.903,00 |
|
Sum intangible assets |
359.903,00 |
|
|
|
|
Land and leasehold rights with buildings thereon including
building on land owned by third parties |
29.767,00 |
|
Other operating and business equipment |
568.989,00 |
|
Technical plants and machines |
3.413.975,00 |
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Sum tangible assets |
4.012.731,00 |
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|
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Sum fixed assets |
4.372.634,00 |
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|
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Raw-, auxiliary materials and supplies |
1.663.611,00 |
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Unfinished products |
4.695.445,00 |
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Advanced payments |
91.690,00 |
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Sum stock |
6.450.746,00 |
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|
|
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Claims from delivered goods and performed services |
8.869.757,00 |
|
Claims against related firmes Claims against companies with shareholding
relationship |
6.826.563,00 |
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Other claims and assets |
1.430.431,00 |
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Sum claims |
17.126.751,00 |
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|
|
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Cash on hand, cheques and bank deposits |
167.610,00 |
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Sum cash and bank |
167.610,00 |
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Sonstige Aktiva |
437.000,00 |
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Sum current assets |
23.745.107,00 |
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|
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Deferred charges |
123.669,00 |
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Sum deferred charges |
123.669,00 |
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Assets |
28.678.410,00 |
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Subscribed/declared capital |
2.906.913,00 |
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Legal reserves |
290.691,00 |
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Balance sheet profit/balance sheet loss |
5.788.285,00 |
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Sum equity capital |
8.985.889,00 |
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Reserves for severance pays |
5.027.180,00 |
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Other reserves |
5.822.365,00 |
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Sum reserves |
10.849.545,00 |
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Received advanced payments for orders |
1.340.488,00 |
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Liabilities from delivered goods and performed services |
2.274.271,00 |
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Liabilities against related firms |
3.997.968,00 |
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Other liabilities |
1.230.249,00 |
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Sum liabilities |
8.842.976,00 |
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|
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Liabilities and shareholders'equity |
28.678.410,00 |
|
Contingent liabilities |
1.579.121,00 |
|
Balance sheet sum |
28.678.410,00 |
All
amounts in EUR
|
|
2014-09-30 |
|
Gross sales |
62.031.875,00 |
|
Total turnover or gross profit |
62.031.875,00 |
|
|
|
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Other operating profits |
2.111.099,00 |
|
Other operating profits totally |
2.111.099,00 |
|
|
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Production costs of the services performed for the sales |
-52.340.343,00 |
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Marketing costs |
-2.471.403,00 |
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Administration costs |
-2.181.096,00 |
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Total costs |
-56.992.842,00 |
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|
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Operating result totally |
7.150.132,00 |
|
|
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Interest income, securties income and similar income |
16.717,00 |
|
Interest and similar disbursements |
-11.180,00 |
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Financial profits totally |
5.537,00 |
|
|
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Results from usual business activity totally |
7.155.669,00 |
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Taxes on income and profits |
-1.367.384,00 |
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Taxes on income and profits totally |
-1.367.384,00 |
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Annual surplus/annual deficit totally |
5.788.285,00 |
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Annual profit/annual loss totally |
5.788.285,00 |
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B/S profit/ B/S loss from profit and loss account |
5.788.285,00 |
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|
2014 |
|
Cashflow II |
5.788.285,00 |
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Debt amortisation period in years |
3,14 |
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Bank indebtedness |
0,00 |
|
Equity capital share in % |
32,86 |
|
Social capital share |
17,52 |
|
Fixed assets coverage |
320,47 |
|
Net profit ratio |
11,53 |
|
Capital turnover |
2,16 |
|
Return on investment in % |
24,99 |
|
Cashflow in % of operating performance |
9,33 |
|
Cashflow I |
7.155.669,00 |
|
Gross productivity |
0,00 |
|
Net productivity |
0,00 |
|
Operating performance |
62.031.875,00 |
|
Inventories in % of operating performance |
10,39 |
|
Gross profit |
62.031.875,00 |
Note
No real estate property registered
Source of data from commercial register: Republic of Austria
represented by the Federal Ministry of Justice
|
firm (style) |
9 Trench Austria GmbH |
|
legal form |
1 Gesellschaft mit beschränkter
Haftung |
|
registered office |
1 politischer
Gemeinde Leonding |
|
business adress |
1 Paschinger Str. 49 |
|
capital |
9 EUR 2.906.913,37 |
|
reference date annual accounts |
22 30. September |
|
annual accounts |
48 zum 30.09.2014
eingereicht am 29.01.2015 |
|
power of representation |
27 Die Gesellschaft
wird, wenn mehrere Geschäftsführer |
|
|
|
|
proxy |
|
|
D Ing. Günther Steiner,
geb. 26.08.1954 |
|
|
|
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managing director |
|
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I Ing. Gustav Eckert,
geb. 29.10.1959 |
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|
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shareholder |
|
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K Siemens
Konzernbeteiligungen GmbH |
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|
|
|
|
general table |
|
|
Landesgericht Linz |
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Year of incorporation |
1954 |
|
Date of registration |
1997-09-04 |
Change of company
name
|
from |
to |
company name |
|
|
1999-02-03 |
Haefely Trench Austria GmbH |
|
1999-02-03 |
|
Trench Austria GmbH |
Change in share
capital
|
from |
to |
asset |
|
|
|
1999-02-03 |
ATS |
40.000.000,00 |
|
1999-02-03 |
|
ATS |
2.906.913,37 |
Former executives
|
from |
to |
position |
name |
|
1997-09-04 |
2004-05-01 |
manager |
Ing. Alfred Wittenhofer |
|
2006-08-30 |
2008-03-14 |
manager |
Mag. Günter Kitzmüller |
|
2008-07-08 |
2014-03-11 |
manager |
MMag. Roman Gantner |
|
|
2015-10-23 |
manager |
Delyana Teneva Kosmidis |
|
1997-11-04 |
2003-05-15 |
joint signing clerk |
Dipl.-Ing.(FH) Alexander Grisenti |
|
1999-05-07 |
2004-02-18 |
joint signing clerk |
Ing. Gustav Eckert |
|
1997-10-11 |
2006-08-30 |
joint signing clerk |
Mag. Günter Kitzmüller |
|
1997-11-04 |
2008-03-13 |
joint signing clerk |
Dipl-Ing. Klaus Papp |
|
2006-07-04 |
2011-02-02 |
joint signing clerk |
Dipl-Ing. Michael Pühringer |
|
1999-07-06 |
2014-01-22 |
joint signing clerk |
Anneliese Reisenberger Hagmayer |
|
|
2015-01-17 |
joint signing clerk |
Dr. Wilhelm Remplbauer |
Former shareholders
|
from |
to |
position |
name |
|
1997-09-04 |
1997-10-11 |
partner |
Trench Limited |
|
1997-10-11 |
1998-01-27 |
partner |
Valiant Investments BV |
|
1998-01-27 |
2005-09-29 |
partner |
TRENCH ELECTRIC HOLDING B.V. |
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.66.65 |
|
|
1 |
Rs.99.61 |
|
Euro |
1 |
Rs.72.33 |
|
EUR |
1 |
Rs.71.75 |
Note :
Above are approximate rates obtained from sources believed to be correct
INFORMATION DETAILS
|
Analysis Done by
: |
KAS |
|
|
|
|
Report Prepared
by : |
TRU |
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.