|
Report No. : |
303766 |
|
Report Date : |
04.02.2015 |
IDENTIFICATION DETAILS
|
Name : |
HEMTEX AKTIEBOLAG |
|
|
|
|
Registered Office : |
Druveforsvägen
8, |
|
|
|
|
Country : |
|
|
|
|
|
Financials (as on) : |
2013 |
|
|
|
|
Date of Incorporation : |
29.01.1970 |
|
|
|
|
Com. Reg. No.: |
5561327056 |
|
|
|
|
Legal Form : |
Limited Liability
Company |
|
|
|
|
Line of Business : |
Engaged in Retail sale of Home Furnishing Textiles such
as Bed Set, Cushions, Quilts,
Pillowcase, Bedspread, Slippers,
Other Bed Textiles, Towels, Bath Towels, Robes, Bathroom Rugs, Shower
Curtains, Badaccessoarer, Table Runner, Placemats, Napkins, Kitchen Towels,
Kitchen Accessories, Kitchen Textiles, Candy, Cushion, Carpet, Lights,
Curtain Lengths, Blackout Curtains, Roman Blinds and Valances, Panel
Curtains, Blinds & Curtain Accessories |
|
|
|
|
No of Employees : |
479 (2013) |
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) |
|
Sweden |
A1 |
A1 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
|
Moderate |
B1 |
|
High |
B2 |
|
Very High |
C1 |
|
Restricted |
C2 |
|
Off-credit |
D |
Sweden ECONOMIC OVERVIEW
Aided by peace and neutrality
for the whole of the 20th century, Sweden has achieved an enviable standard of
living under a mixed system of high-tech capitalism and extensive welfare
benefits. It has a modern distribution system, excellent internal and external
communications, and a highly skilled labor force. In September 2003, Swedish
voters turned down entry into the euro system concerned about the impact on the
economy and sovereignty. Timber, hydropower, and iron ore constitute the
resource base of an economy heavily oriented toward foreign trade. Privately
owned firms account for vast majority of industrial output, of which the
engineering sector accounts for about 50% of output and exports. Agriculture
accounts for little more than 1% of GDP and of employment. Until 2008, Sweden
was in the midst of a sustained economic upswing, boosted by increased domestic
demand and strong exports. This, and robust finances, offered the center-right
government considerable scope to implement its reform program aimed at
increasing employment, reducing welfare dependence, and streamlining the
state's role in the economy. Despite strong finances and underlying
fundamentals, the Swedish economy slid into recession in the third quarter of
2008 and the contraction continued in 2009 as deteriorating global conditions
reduced export demand and consumption. Strong exports of commodities and a
return to profitability by Sweden's banking sector drove a rebound in 2010, but
growth slipped in 2013, as a result of continued economic weakness in the EU -
Sweden’s main export market.
|
Source : CIA |
|
Business Name |
Hemtex Aktiebolag |
|
Country |
SWEDEN |
|
Company Registration Number |
5561327056 |
|
Activity Description |
Engaged in Retail sale of Home Furnishing Textiles such
as Bed Set, Cushions, Quilts,
Pillowcase, Bedspread, Slippers,
Other Bed Textiles, Towels, Bath Towels, Robes, Bathroom Rugs, Shower
Curtains, Badaccessoarer, Table Runner, Placemats, Napkins, Kitchen Towels,
Kitchen Accessories, Kitchen Textiles, Candy, Cushion, Carpet, Lights,
Curtain Lengths, Blackout Curtains, Roman Blinds and Valances, Panel
Curtains, Blinds & Curtain Accessories |
|
Company Status |
Active (Active) |
|
Latest Turnover Figure |
931.968.000 SEK |
|
Latest Shareholder Equity Figure |
147.281.000 SEK |
|
Business Name |
Hemtex Aktiebolag |
|
Registered Company Name |
Hemtex Aktiebolag |
|
Company Registration Number |
5561327056 |
|
Country |
SWEDEN |
|
VAT Registration Number |
SE556132705601 |
|
Date of Company Registration |
29/01/1970 |
|
Legal Form |
Limited Liability
Company |
|
Company Status |
Active (Active) |
|
Currency of this Report |
SEK |
|
Principal Activity Description |
Engaged in Retail sale of Home Furnishing Textiles such
as Bed Set, Cushions, Quilts,
Pillowcase, Bedspread, Slippers,
Other Bed Textiles, Towels, Bath Towels, Robes, Bathroom Rugs, Shower
Curtains, Badaccessoarer, Table Runner, Placemats, Napkins, Kitchen Towels,
Kitchen Accessories, Kitchen Textiles, Candy, Cushion, Carpet, Lights,
Curtain Lengths, Blackout Curtains, Roman Blinds and Valances, Panel
Curtains, Blinds & Curtain Accessories |
|
Headquarters |
Druveforsvägen
8, Boras |
|
Mailing Address |
Grape
Forsvägen 8 PO Box 495, 501 13 BORÅS |
|
Contact Telephone Number |
033-20 69 00 |
|
Fax Number |
033-20 69 90 |
|
E-mail Id |
|
Address |
Country Telephone |
|
Druveforsvägen
8, Boras |
SWEDEN 033-206900 |
|
Address |
Country |
|
|
Ostergatan
12,21125 |
SWEDEN |
|
|
Kopmangatan
20,64130 |
SWEDEN |
|
|
Besiktningsvagen
1 STORHEDEN, 97345 |
SWEDEN |
|
|
Dragonvagen 86
VASBY, 19470 |
SWEDEN |
|
|
Drottninggatan
5,96135 |
SWEDEN |
|
|
Flygfaltsgatan
30 AMHULT, 42337 |
SWEDEN |
|
|
Frykmans Vag 1
BERGVIK, 65346 |
SWEDEN |
|
|
Frolunda Torg
FROLUNDA, 42142 |
SWEDEN |
|
|
Foreningsgatan
15,98132 |
SWEDEN |
|
|
Foretagsvagen 10
NOVA LUND, 22761 |
SWEDEN |
|
|
Gesallvagen 1
BIRSTA, 85753 |
SWEDEN |
|
|
Grev Turegatan
8,11446 |
SWEDEN |
|
|
Gymnasiegatan
2,44234 |
SWEDEN |
|
|
Herrestavagen 29
BARKARBY, 17738 |
SWEDEN |
|
|
Jagersrovagen
151 JAGERSRO, 21375 |
SWEDEN |
|
|
Krankroksgatan
17, 72138 |
SWEDEN |
|
|
Kronetorpsvagen
2 BURLOV, 23237 |
SWEDEN |
|
|
Kungsgatan
10,63220 |
SWEDEN |
|
|
Kungsgatan
29,44130 |
SWEDEN |
|
|
Kungsgatan 7
GALLERIAN, 59130 |
SWEDEN |
|
|
Kungsmassan,
43438 |
SWEDEN |
|
|
Kopmansgatan
3-5,33130 |
SWEDEN |
|
|
Ladugardsvagen
14 OVERBY, 46170 |
SWEDEN |
|
|
Majorsvagen 4B
BARKABY FLOTTILJEN, 17744 SWWEDEN |
||
|
Marknadsvagen
7,24642 |
SWEDEN |
|
|
There are more
than 25 entities. |
---------------- |
|
|
Activity Code |
Activity Description |
|
|
47532 |
Retail sale of
home furnishing textiles in specialised stores |
|
|
47510 |
Retail sale of textiles
in specialised stores |
|
|
45320 |
Retail trade of
motor vehicle parts and accessories |
|
|
46410 |
Wholesale of
textiles |
|
Email Addresses
|
|
|
Web Pages
|
Year |
Number of Employees |
|
2013 |
479 |
|
2012 |
473 |
|
2011 |
508 |
|
2010 |
534 |
|
2009 |
534 |
|
Auditor Name |
Ernst &
Young Aktiebolag |
|
Tax Registrations |
|
|
Registered for Tax |
Yes |
|
Registered for VAT |
Yes |
|
Registered for Employee Tax |
Yes |
|
Type |
Category Issuer |
|
No certificate
information for this company |
|
|
Event Date |
Event Description |
|||||
|
31/12/2014 |
Group Structure
Change |
|||||
|
24/12/2014 |
Group Structure
Change |
|||||
|
25/11/2014 |
Group Structure
Change |
|||||
|
24/11/2014 |
Group Structure
Change |
|||||
|
31/10/2014 |
Group Structure
Change |
|||||
|
20/10/2014 |
Group Structure
Change |
|||||
|
17/10/2014 |
Group Structure
Change |
|||||
|
30/09/2014 |
Group Structure
Change |
|||||
|
29/09/2014 |
Group Structure
Change |
|||||
|
26/09/2014 |
Group Structure
Change |
|||||
|
25/09/2014 |
Group Structure
Change |
|||||
|
24/09/2014 |
Interim report
(PDF), new |
|||||
|
19/09/2014 |
Group Structure
Change |
|||||
|
17/09/2014 |
Group Structure
Change |
|||||
|
16/09/2014 |
Group Structure
Change |
|||||
|
25/08/2014 |
Group Structure
Change |
|||||
|
31/07/2014 |
Group Structure
Change |
|||||
|
30/07/2014 |
Group Structure
Change |
|||||
|
23/07/2014 |
Group Structure
Change |
|||||
|
07/07/2014 |
Group Structure Change |
|
||||
|
24/06/2014 |
Group Structure Change |
|
||||
|
23/06/2014 |
Group Structure Change |
|
||||
|
17/06/2014 |
Limit, decrease |
|
||||
|
17/06/2014 |
Annual account, new |
|
||||
|
17/06/2014 |
Group annual account, new |
|
||||
|
11/06/2014 |
Annual report (PDF), new |
|
||||
|
16/05/2014 |
Group Structure Change |
|
||||
|
14/05/2014 |
Group Structure Change |
|
||||
|
09/05/2014 |
Company representatives, changed |
|
||||
|
09/05/2014 |
Authorised signatories amended or new/amended vacancy text |
|
||||
|
06/05/2014 |
Group Structure Change |
|
||||
|
06/01/2014 |
Group Structure Change |
|
||||
|
06/12/2013 |
Interim report (PDF), new |
|
||||
|
04/10/2013 |
Group Structure Change |
|
||||
|
03/10/2013 |
Group Structure Change |
|
||||
|
13/09/2013 |
Group Structure Change |
|
||||
|
06/09/2013 |
Group Structure Change |
|
||||
|
05/09/2013 |
Group Structure Change |
|
||||
|
26/08/2013 |
Group Structure Change |
|
||||
|
23/08/2013 |
Group Structure Change |
|
||||
|
22/08/2013 |
Group Structure Change |
|
||||
|
19/08/2013 |
Group Structure Change |
|
||||
|
08/08/2013 |
Annual account, new |
|
||||
|
08/08/2013 |
Group Structure Change |
|
||||
|
08/08/2013 |
Group annual account, new |
|
||||
|
01/08/2013 |
Group Structure Change |
|
||||
|
29/07/2013 |
Group Structure Change |
|
||||
|
16/07/2013 |
Annual report (PDF), new |
|
||||
|
24/06/2013 |
Group Structure Change |
|
||||
|
14/06/2013 |
Group Structure Change |
|
||||
|
12/06/2013 |
Group Structure Change |
|
||||
|
04/06/2013 |
Group Structure Change |
|
||||
|
07/05/2013 |
Company representatives, changed |
|
||||
|
07/05/2013 |
Authorised signatories amended or new/amended vacancy text |
|
||||
|
12/06/2012 |
Limit, increase |
|
||||
|
12/06/2012 |
Group annual account, new |
|
||||
|
12/06/2012 |
Annual account, new |
|
||||
|
07/06/2012 |
Annual report (PDF), new |
|
||||
|
08/05/2012 |
Board, changed |
|
||||
|
08/05/2012 |
Company representatives, changed |
|
||||
|
30/11/2011 |
Interim report (PDF), new |
|
||||
|
23/05/2011 |
Limit, decrease |
|
||||
|
23/05/2011 |
Group annual account, new |
|
||||
|
23/05/2011 |
Annual account,
new |
|
|
|||
|
17/05/2011 |
Annual report
(PDF), new |
|
|
|||
|
07/05/2011 |
Board, changed |
|
|
|||
|
07/05/2011 |
Company
representatives, changed |
|
|
|||
|
07/05/2011 |
Authorised signatories
amended or new/amended vacancy text |
|
||||
|
28/04/2011 |
Share capital,
new issue |
|
|
|||
|
28/04/2011 |
Authorised
signatories amended or new/amended vacancy text |
|
||||
|
28/04/2011 |
Company
representatives, changed |
|
|
|||
|
28/04/2011 |
Board, changed |
|
|
|||
|
19/04/2011 |
Share capital,
new issue |
|
|
|||
|
29/03/2011 |
Fax number, new |
|
|
|||
|
29/03/2011 |
Phone number,
new |
|
|
|||
|
23/03/2011 |
Company business
activity, changed |
|
|
|||
|
04/03/2011 |
Board, changed |
|
|
|||
|
04/03/2011 |
Company
representatives, changed |
|
|
|||
|
04/03/2011 |
Authorised
signatories amended or new/amended vacancy text |
|
||||
|
29/12/2010 |
Board, changed |
|
|
|||
|
29/12/2010 |
Authorised signatories
amended or new/amended vacancy text |
|
||||
|
29/12/2010 |
Company
representatives, changed |
|
|
|||
|
19/05/2010 |
Annual account,
new |
|
|
|||
|
13/05/2010 |
Annual report
(PDF), new |
|
|
|||
|
16/03/2010 |
Authorised
signatory, changed |
|
|
|||
|
16/03/2010 |
Board, changed |
|
|
|||
|
16/03/2010 |
Company
representatives, changed |
|
|
|||
|
04/03/2010 |
Company
representatives, changed |
|
|
|||
|
04/03/2010 |
Authorised
signatory, changed |
|
|
|||
|
04/03/2010 |
Board, changed |
|
|
|||
No status history events for this company
|
Financial Year |
2013 |
2012 |
2011 |
|||
|
Number of Weeks |
52 |
52 |
52 |
|||
|
Currency |
SEK |
SEK |
SEK |
|||
|
Consolidated Accounts |
No |
No |
No |
|||
|
Revenue |
936.567.000 |
902.324.000 |
885.269.000 |
|||
|
Operating Costs |
956.887.000 |
957.254.000 |
1.022.559.000 |
|||
|
Operating Profit |
-20.320.000 |
-54.930.000 |
-137.290.000 |
|||
|
Wages & Salaries |
-236.388.000 |
-226.330.000 |
-239.872.000 |
|||
|
Depreciation |
-33.313.000 |
-37.990.000 |
-44.398.000 |
|||
|
Financial Income |
850.000 |
2.759.000 |
1.509.000 |
|||
|
Financial Expenses |
-7.176.000 |
-6.608.000 |
-9.286.000 |
|||
|
Extraordinary Income |
0 |
0 |
0 |
|||
|
Extraordinary Costs |
0 |
0 |
0 |
|||
|
Profit before Tax |
-27.376.000 |
-64.033.000 |
-160.296.000 |
|||
|
Tax |
0 |
0 |
-1.373.000 |
|||
|
Profit after Tax |
-27.376.000 |
-64.033.000 |
-161.669.000 |
|||
|
Minority Interests |
0 |
0 |
0 |
|||
|
Other Appropriations |
0 |
0 |
5.224.000 |
|||
|
Retained Profit |
-27.376.000 |
-64.033.000 |
-156.445.000 |
|||
|
Financial Year |
2013 |
2012 |
2011 |
||||
|
Number of Weeks |
52 |
52 |
52 |
||||
|
Currency |
SEK |
SEK |
SEK |
||||
|
Consolidated Accounts |
No |
No |
No |
||||
|
Land & Buildings |
0 |
0 |
0 |
||||
|
Plant & Machinery |
0 |
0 |
0 |
||||
|
Other Tangible Assets |
25.168.000 |
18.818.000 |
21.855.000 |
||||
|
Total Tangible Assets |
25.168.000 |
18.818.000 |
21.855.000 |
||||
|
Goodwill |
145.384.000 |
157.394.000 |
169.682.000 |
||||
|
Other Intangible Assets |
31.724.000 |
30.518.000 |
34.776.000 |
||||
|
Total Intangible Assets |
177.108.000 |
187.912.000 |
204.458.000 |
||||
|
Loans To Group |
0 |
0 |
0 |
||||
|
Other Loans |
0 |
0 |
0 |
||||
|
Miscellaneous Fixed Assets |
2.403.000 |
2.374.000 |
80.000 |
||||
|
Total Other Fixed Assets |
2.403.000 |
2.374.000 |
80.000 |
||||
|
TOTAL FIXED ASSETS |
204.679.000 |
209.104.000 |
226.393.000 |
||||
|
Work In Progress |
0 |
0 |
0 |
||||
|
Other Inventories |
163.787.000 |
155.975.000 |
151.716.000 |
||||
|
Total Inventories |
163.787.000 |
155.975.000 |
151.716.000 |
||||
|
Trade Receivables |
3.845.000 |
4.384.000 |
3.481.000 |
||||
|
Group Receivables |
337.000 |
1.724.000 |
1.768.000 |
||||
|
Miscellaneous Receivables |
32.345.000 |
35.669.000 |
37.121.000 |
||||
|
Total Receivables |
36.527.000 |
41.777.000 |
42.370.000 |
||||
|
Cash |
26.580.000 |
36.687.000 |
94.329.000 |
||||
|
Other Current Assets |
0 |
0 |
0 |
||||
|
TOTAL CURRENT ASSETS |
226.894.000 |
234.439.000 |
288.415.000 |
||||
|
TOTAL ASSETS |
431.573.000 |
443.543.000 |
514.808.000 |
||||
|
Trade Payables |
77.083.000 |
75.239.000 |
82.281.000 |
||||
|
Bank Liabilities |
119.361.000 |
38.766.000 |
105.000.000 |
||||
|
Group Payables |
264.000 |
2.727.000 |
3.916.000 |
||||
|
Miscellaneous Liabilities |
84.722.000 |
79.094.000 |
84.885.000 |
||||
|
TOTAL CURRENT LIABILITIES |
281.430.000 |
195.826.000 |
276.082.000 |
||||
|
Bank Liabilities Due After 1 Year |
0 |
70.000.000 |
0 |
||||
|
Other Loans Or Finance Due After 1 Year |
0 |
0 |
0 |
||||
|
Group Payables Due After 1 Year |
0 |
0 |
0 |
||||
|
Miscellaneous Liabilities Due After 1 Year |
2.862.000 |
2.809.000 |
0 |
||||
|
TOTAL LONG TERM LIABILITIES |
|
2.862.000 |
72.809.000 |
0 |
|||
|
TOTAL LIABILITIES |
|
284.292.000 |
268.635.000 |
276.082.000 |
|||
|
Called Up Share Capital |
|
239.589.000 |
239.589.000 |
102.681.000 |
|||
|
Share Premium |
|
185.380.000 |
185.380.000 |
185.380.000 |
|||
|
Revenue Reserves |
|
-277.688.000 |
-250.061.000 |
-186.243.000 |
|||
|
Other Reserves |
|
0 |
0 |
136.908.000 |
|||
|
TOTAL SHAREHOLDERS EQUITY |
|
147.281.000 |
174.908.000 |
238.726.000 |
|||
|
Other Financials |
|
|
|
|
|||
|
Contingent Liabilities |
|
3.700.000 |
3.700.000 |
5.000.000 |
|||
|
Working Capital |
|
-54.536.000 |
38.613.000 |
12.333.000 |
|||
|
Net Worth |
|
-29.827.000 |
-13.004.000 |
34.268.000 |
|||
|
Pre-Tax Profit Margin |
|
-2.92 % |
-7.10 % |
-18.11 % |
|
Return On Capital Employed |
|
-3.84 % |
-10.02 % |
-20.27 % |
|
Return On Total Assets Employed |
|
-6.34 % |
-14.44 % |
-31.14 % |
|
Return On Net Assets Employed |
|
-18.59 % |
-36.61 % |
-67.15 % |
|
Sales/Net Working Capital |
|
-17.17 |
23.37 |
71.78 |
|
Stock Turnover Ratio |
|
17.49 % |
17.29 % |
17.14 % |
|
Debtor Days |
|
1.50 |
1.77 |
1.44 |
|
Creditor Days |
|
30.04 |
30.44 |
33.92 |
|
Current Ratio |
|
0.81 |
1.20 |
1.04 |
|
Liquidity Ratio/Acid Test |
|
0.22 |
0.40 |
0.50 |
|
Current Debt Ratio |
|
1.91 |
1.12 |
1.16 |
|
Gearing |
|
81.04 % |
62.18 % |
43.98 % |
|
Equity In Percentage |
|
58.43 % |
69.06 % |
76.94 % |
|
Total Debt Ratio |
|
1.93 |
1.54 |
1.16 |
|
Date of Latest Rating Change |
09/09/2014 |
|
|
|
|
Issued Share Capital 239.588.765 SEK |
No
shareholders data for this company.
|
Name |
Appointment Date |
Position |
|
Stein Petter
Krafft Ski |
27/04/2011 |
Chairman of Board |
|
Christel Yvonne
Kinning |
06/05/2013 |
Actual Member of
Board |
|
Karin Margareta
Elisabeth Adlercreutz |
27/04/2011 |
Actual Member of
Board |
|
Liv Eva Violet
Isaksson Forhaug |
08/05/2014 |
Actual Member of
Board |
|
Mats Holger
Holgerson |
22/09/2008 |
Actual Member of
Board |
|
Rocky Charlotta
Margareta Af Ekenstam Brennicke |
06/05/2013 |
Actual Member of
Board |
|
Sture Werner
Ingemar Charleson |
30/10/2003 |
Actual Member of
Board |
|
Name |
Appointment Date |
Position Resignation
Date |
|
Margareta Meta
Persdotter |
10/09/2009 |
Actual Member of
Board 06/05/2013 |
|
Karin Viola Orback
Pettersson |
27/09/2007 |
Actual Member of
Board 27/04/2011 |
|
Charlotte Eva
Elisabet Rolander |
15/03/2010 |
Actual Member of
Board 27/04/2011 |
|
Per Olof Wiberg |
10/09/2009 |
Actual Member of
Board 27/04/2011 |
|
Susan Carina
Johansson |
28/12/2010 |
Substitute 03/03/2011 |
|
Debt Balance |
|
|
|
Currency |
SEK |
|
|
Number Of Revoked Applications |
1 |
|
|
Record of Non Payment |
|
|
|
Number of Public Claims |
5 |
|
|
Type |
Parking offense charge |
|
Date |
2012-02-15 |
|
Amount |
550 (SEK) |
|
Currency |
SEK |
|
No Latest
Private Claim for this company. |
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.61.74 |
|
UK Pound |
1 |
Rs.92.71 |
|
Euro |
1 |
Rs.69.94 |
INFORMATION DETAILS
|
Analysis Done by
: |
RAS |
|
|
|
|
Report Prepared
by : |
MNL |
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.