|
Report No. : |
309106 |
|
Report Date : |
20.02.2015 |
IDENTIFICATION DETAILS
|
Name : |
LONZA AG |
|
|
|
|
Registered Office : |
Lonzastrasse 3930 Visp/VS |
|
|
|
|
Country : |
|
|
|
|
|
Financials (as on) : |
31.12.2013 |
|
|
|
|
Date of Incorporation : |
07.12.1897 |
|
|
|
|
Com. Reg. No.: |
600.3.000.439-8 / 109230 |
|
|
|
|
Legal Form : |
Company limited by shares |
|
|
|
|
Line of Business : |
·
Manufacture
of fertilisers and nitrogen compounds ·
Manufacture
of pharmaceutical preparations |
|
|
|
|
No. of Employees : |
2,800 |
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 – December 31, 2014
|
Country Name |
Previous Rating (30.09.2014) |
Current Rating (31.12.2014) |
|
Switzerland |
A1 |
A1 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
|
Moderate |
B1 |
|
High |
B2 |
|
Very High |
C1 |
|
Restricted |
C2 |
|
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 all Swiss exports. The
global financial crisis of 2008 and resulting economic downturn in 2009 stalled
export demand and put Switzerland in a recession. The Swiss National Bank (SNB)
during this period effectively implemented a zero-interest rate policy to boost
the economy as well as prevent appreciation of the franc, and Switzerland's
economy began to recover in 2010. The sovereign debt crises currently unfolding
in neighboring euro-zone countries pose a significant risk to Switzerland's
financial stability and are driving up demand for the Swiss franc by investors
seeking a safe-haven currency. 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 during 2011-13. Switzerland has also come under increasing pressure
from individual neighboring countries, the EU, the US, and international
institutions to reform its banking secrecy laws. Consequently, the government
agreed to conform to OECD regulations on administrative assistance in tax
matters, including tax evasion. The government has renegotiated its double
taxation agreements with numerous countries, including the US, to incorporate
the OECD standard, and is considering the possibility of imposing taxes on bank
deposits held by foreigners. These steps will have a lasting impact on
Switzerland's long history of bank secrecy
|
Source
: CIA |
LONZA AG
Lonzastrasse Verwaltung:
3930 Visp/VS Münchensteinerstrasse
38
Switzerland/CH 4002
Basel/BS
Switzerland/CH
Telephone: 027
9485111 061
3168111
Fax: 027
9475111 061
3169111
Web
site: http://www.lonza.com
E-mail: contact.visp@lonza.com
WIN
Worldbox No.: CH0000026631
VAT-No.: CHE101368029
Established: 1897
History: 1897: Established as Lonza AG Electricity Works
in Gampel VS
Line
of Business: Chemicals,
Pharmaceutics
Industry
Division: Manufacturing
Industry-code (NACE): 2014 Manufacture of other organic basic
chemicals
2015 Manufacture of fertilisers and nitrogen
compounds
2020 Manufacture of pesticides and other
agrochemical products
2110 Manufacture of basic pharmaceutical
products
2120 Manufacture of pharmaceutical
preparations
Import/Export: Export
Export
sales: 84,0%
Quality
certification: ISO 9001:2000
Banks: UBS Ltd
CS Credit
Suisse
Coverage: Company
Figures: estimated
Financial
year: 2014
Employees: 2,800
Sales: CHF 950,000,000.--
The product range offers customers from the
chemical, pharmaceutical, agrochemical and food industries world-wide exclusive
active substances, organic chemicals and intermediates manufactured in
biotechnological and chemical processes.
Chemical and biotechnological R&D is
besides the production another strength of the company. That means a great know-how
in organic syntheses and biotechnological processes, project management and the
technology transfer from research and development into industrial-scale
production. The main activities in this area are design, implementation and
optimization of cost-competitive, save and environmentally friendly chemical
and biotechnological manufacturing processes for new fine chemicals and active
pharmaceutical ingredients. The core competence is to find optimal synthesis
routes and processes for the industrial production of known compounds and less
the discovery of new chemical substances.
Real
Estate: The company owns
buildings.
Company
No: 600.3.000.439-8 /
109230
Legal
form: Company limited
by shares
Registration: 07.12.1897
Legal
status: active
Responsible
Register: Handelsregister Oberwallis
(Brig)
History: Date of Statutes:
26.04.1994
Date of
Incorporation Statutes: 29.10.1897
Date of
Statutes: 25.11.2002
Date of
Statutes: 13.09.2002
Date of
Statutes: 16.12.1999
Date of
Statutes: 29.06.1998
Entry Deleted Name
19.06.1996 Lonza
AG
19.06.1996 Lonza
Ltd (Name translated)
19.06.1996 Lonza
SA (Name translated)
Entry Deleted Legal domicile
20.12.1999 Visp,
Switzerland
19.06.1996 20.12.1999 Gampel, Switzerland
Entry Deleted Address
20.12.1999 Lonzastrasse,
3930 Visp/VS, Switzerland/CH
02.07.1998 20.12.1999 c/o Anton Ruppen, Haus du Rhône, 3945
Gampel/VS, Switzerland/CH
Entry Deleted Capital
28.11.2002 Share
Capital CHF 60,000,000, paidup CHF 60,000,000
Entry Deleted Capital Structure
28.11.2002 240,000
Bearer shares of CHF 250.--
Title Name
President Richard
Ridinger
Citizen:
Germany
Residential
address: Monheim am Rhein , Germany
Born:
1958
joint
signature of two
Registered
since: 31.05.2012
Director Markus
Funk
Citizen:
Vandoeuvres, Switzerland
Residential
address: Schindellegi (Feusisberg), Switzerland
Born:
15.06.1960
joint
signature of two
Registered
since: 03.09.2012
Director Dr.
Toralf Haag
Citizen:
Germany
Residential
address: Biel-Benken, Switzerland
Born:
29.03.1966
joint
signature of two
Registered
since: 21.09.2005
Title Name
Director Dr. Sven
Jörg Willi Max Abend
Citizen:
Germany
Residential
address: Wädenswil, Switzerland
joint
signature of two
Registered
since: 03.10.2014
Deputy
Director Raoul
Bayard
Citizen:
Varen, Switzerland
Residential
address: Brig-Glis, Switzerland
joint
signature of two
Registered
since: 02.07.1998
Deputy
Director Walter
Fux
Citizen:
St. Niklaus, Switzerland
Residential
address: Sissach, Switzerland
Born:
11.06.1956
joint
signature of two
Registered
since: 02.07.1998
Deputy
Director Dr.
Andreas Heyl
Citizen:
Germany
Residential
address: 3912 Termen/VS, Switzerland
joint
signature of two
Registered
since: 22.05.2003
Deputy
Director Dorothea
Gisela Klein
Citizen:
Germany
Residential
address: Basel, Switzerland
joint
signature of two
Registered
since: 04.11.2013
Deputy
Director Kenneth
John McMahon
Citizen:
Australia
Residential
address: 4000 Basel/BS, Switzerland
joint
signature of two
Registered
since: 03.07.2002
Deputy
Director Dr.
Felix Previdoli
Citizen:
Brig-Glis, Switzerland
Residential
address: Brig-Glis, Switzerland
joint
signature of two
Registered
since: 02.07.1998
Deputy
Director Roman
Quinter
Citizen:
Trun, Switzerland
Residential
address: Zeiningen, Switzerland
Born:
20.08.1965
joint
signature of two
Registered
since: 02.07.1998
Deputy
Director Stefan
Stoffel
Citizen:
Visperterminen, Switzerland
Residential
address: Unterbäch, Switzerland
joint
signature of two
Registered
since: 03.08.2001
Deputy
Director Stephan
Troger
Citizen:
Raron, Switzerland
Residential
address: Raron, Switzerland
Born:
26.03.1964
joint
signature of two
Registered
since: 31.07.2012
Vice-Director Ewald Amherd
Citizen:
Brig-Glis, Switzerland
Residential
address: Gamsen (Brig-Glis), Switzerland
joint
signature of two
Registered
since: 22.05.2003
Vice-Director Dr. Walter Brieden
Citizen:
Germany
Residential
address: Ausserberg, Switzerland
joint
signature of two
Registered
since: 03.07.2002
Vice-Director Kurt Büchi
Citizen:
Eschlikon, Switzerland
Residential
address: 4410 Liestal/BL, Switzerland
Born:
08.11.1962
joint
signature of two
Registered
since: 02.07.1998
Vice-Director Dr. Martin
Clausen
Citizen:
Ernen, Switzerland
Residential
address: 3900 Brig-Glis/VS, Switzerland
joint
signature of two
Registered
since: 22.06.1999
Vice-Director Carsten Däweritz
Citizen:
Germany
Residential
address: Riehen, Switzerland
joint
signature of two
Registered
since: 14.06.2013
Vice-Director Guido Heinrich
Michael Dietrich
Citizen:
Germany
Residential
address: Basel, Switzerland
joint
signature of two
Registered
since: 03.10.2014
Vice-Director Michael Frizberg
Citizen:
Austria
Residential
address: 4000 Basel/BS, Switzerland
joint
signature of two
Registered
since: 12.06.2008
Vice-Director René Goy
Citizen:
Basel, Switzerland
Residential
address: 4432 Lampenberg/BL, Switzerland
Born:
08.10.1963
joint
signature of two
Registered
since: 07.05.2004
Vice-Director Dr. Thomas
Grütter
Citizen:
Burgdorf, Seeberg, Switzerland
Residential
address: Basel, Switzerland
joint
signature of two
Registered
since: 02.07.1998
Vice-Director Andreas Hirt
Citizen:
Bolligen, Switzerland
Residential
address: 4314 Zeiningen/AG, Switzerland
Born:
03.03.1968
joint
signature of two
Registered
since: 03.08.2001
Vice-Director René Josef Imhof
Citizen:
Binn, Switzerland
Residential
address: Brig-Glis, Switzerland
joint
signature of two
Registered
since: 31.07.2013
Vice-Director Konstantina
Majoros (Tina) Katcheves
Citizen:
United States of America
Residential
address: Ellicott City, United States of America
joint
signature of two
Registered
since: 14.06.2013
Vice-Director Thomas Keppler
Citizen:
Zürich, Switzerland
Residential
address: Pratteln, Switzerland
joint
signature of two
Registered
since: 02.07.1998
Vice-Director Dr. Max Lauwiner
Citizen:
Zwischbergen, Ried-Brig, Termen, Switzerland
Residential
address: 3902 Brig-Glis/VS, Switzerland
joint
signature of two
Registered
since: 03.07.2002
Vice-Director Anne Médard-Hays
Citizen:
France
Residential
address: Binningen, Switzerland
joint
signature of two
Registered
since: 27.10.2014
Vice-Director Arthur Frederick
Merkle
Citizen:
Zürich, Switzerland
Residential
address: Riehen, Switzerland
joint
signature of two
Registered
since: 31.07.2012
Vice-Director Dr. Stephan
Rosenberger
Citizen:
Zürich, Switzerland
Residential
address: 4800 Zofingen/AG, Switzerland
Born:
13.11.1963
joint
signature of two
Registered
since: 13.01.2010
Vice-Director Astrid Maria
Schnidrig
Citizen:
Grächen, Switzerland
Residential
address: Holzkirchen , Germany
joint
signature of two
Registered
since: 31.07.2012
Vice-Director Stefan Adolf
Seiter
Citizen:
Germany
Residential
address: Oberwil/BL, Switzerland
joint
signature of two
Registered
since: 31.07.2012
Vice-Director Dr. Gerhard
Stucky
Citizen:
Goppisberg, Switzerland
Residential
address: Brig-Glis, Switzerland
joint
signature of two
Registered
since: 22.06.1999
Vice-Director Dr. Teun van der
Heide
Citizen:
Netherlands
Residential
address: Teteringen, Netherlands
joint
signature of two
Registered
since: 08.07.2009
Vice-Director Dominik Werner
Citizen:
Basel, Switzerland
Residential
address: Allschwil, Switzerland
Born:
1969
joint
signature of two
Registered
since: 03.09.2012
Title Name
Auditor KPMG AG
Residential
address: Basel, Switzerland
Registered
since: 20.12.1999
Title Name
Chief
Executive Officer Richard
Ridinger
Chief
Financial Officer Dr.
Toralf Haag
Chief
Legal Officer Markus
Funk
Name: Lonza Group AG
City/Country: Basel/BS, Switzerland/CH
Consolidation: consolidated
Industry: Trade/Industry
Fiscal year end: 31.12.2013 31.12.2012 31.12.2011 31.12.2010 31.12.2009
Number of months: 12 12 12 12 12
Currency: th.
CHF th. CHF th. CHF th. CHF th.
CHF
Statement norm: IAS IAS IAS IAS IAS
Intangible fixed
assets 1,849,000.0 1,929,000.0 2,062,000.0 654,000.0 720,000.0
Land and buildings 921,000.0 918,000.0 924,000.0 790,000.0 828,000.0
Other tangible
fixed assets 1,573,000.0 1,766,000.0 1,777,000.0 1,680,000.0 1,762,000.0
Tangible fixed
assets 2,494,000.0 2,684,000.0 2,701,000.0 2,470,000.0 2,590,000.0
Financial fixed
assets 19,000.0 21,000.0 76,000.0 68,000.0 184,000.0
other fixed assets 365,000.0 442,000.0 289,000.0 152,000.0 24,000.0
Fixed assets 4,727,000.0 5,076,000.0 5,128,000.0 3,344,000.0 3,518,000.0
Stocks 747,000.0 747,000.0 773,000.0 495,000.0 577,000.0
Trade accounts
receivable 559,000.0 629,000.0 695,000.0 488,000.0 528,000.0
Liquid assets 306,000.0 429,000.0 196,000.0 248,000.0 140,000.0
Securities 0.0 0.0 0.0 1,000.0 1,000.0
other trade
accounts 110,000.0 85,000.0 142,000.0 130,000.0 125,000.0
Accruals 92,000.0 76,000.0 86,000.0 72,000.0 55,000.0
Other current
assets 508,000.0 590,000.0 424,000.0 451,000.0 321,000.0
Current assets 1,814,000.0 1,966,000.0 1,892,000.0 1,434,000.0 1,426,000.0
Total assets 6,541,000.0 7,042,000.0 7,020,000.0 4,778,000.0 4,944,000.0
Capital 53,000.0 53,000.0 53,000.0 53,000.0 53,000.0
Other shareholders
funds 2,073,000.0 2,050,000.0 2,304,000.0 2,334,000.0 2,272,000.0
Total shareholders equity 2,126,000.0 2,103,000.0 2,357,000.0 2,387,000.0 2,325,000.0
Minority interests 0.0 -1,000.0 -1,000.0 0.0 64,000.0
long term debt
(financial debts) 2,245,000.0 2,427,000.0 2,725,000.0 850,000.0 824,000.0
Provisions 56,000.0 57,000.0 51,000.0 19,000.0 355,000.0
Other non current
liabilities 955,000.0 1,151,000.0 938,000.0 424,000.0 216,000.0
Non current
liabilities 3,256,000.0 3,635,000.0 3,714,000.0 1,293,000.0 1,395,000.0
short term debt
(financial debts) 236,000.0 388,000.0 176,000.0 550,000.0 515,000.0
Trade accounts
payable 286,000.0 273,000.0 294,000.0 159,000.0 196,000.0
Provisions 43,000.0 16,000.0 7,000.0 6,000.0 39,000.0
Accruals 279,000.0 300,000.0 293,000.0 217,000.0 277,000.0
other accounts
payable 315,000.0 328,000.0 180,000.0 166,000.0 133,000.0
other current
liabilities 637,000.0 644,000.0 480,000.0 389,000.0 449,000.0
Current liabilities 1,159,000.0 1,305,000.0 950,000.0 1,098,000.0 1,160,000.0
Total liabilities 6,541,000.0 7,042,000.0 7,020,000.0 4,778,000.0 4,944,000.0
Net sales 3,584,000.0 3,925,000.0 2,692,000.0 2,680,000.0 2,690,000.0
Other operating
revenue 43,000.0 42,000.0 42,000.0 100,000.0 136,000.0
Operating revenue 3,627,000.0 3,967,000.0 2,734,000.0 2,780,000.0 2,826,000.0
Cost of goods sold 2,758,000.0 2,920,000.0 1,992,000.0 1,969,000.0 2,145,000.0
Gross profit 869,000.0 1,047,000.0 742,000.0 811,000.0 681,000.0
Other operating
expenses 616,000.0 707,000.0 481,000.0 437,000.0 442,000.0
Operating result 253,000.0 340,000.0 261,000.0 374,000.0 239,000.0
Interest revenues 6,000.0 6,000.0 4,000.0 5,000.0 9,000.0
other financial
revenues 38,000.0 27,000.0 14,000.0 1,000.0 1,000.0
Financial income 44,000.0 33,000.0 18,000.0 6,000.0 10,000.0
Interest expenses 108,000.0 118,000.0 49,000.0 40,000.0 54,000.0
other financial
expenses 84,000.0 45,000.0 55,000.0 10,000.0 9,000.0
Financial expenses 192,000.0 163,000.0 104,000.0 50,000.0 63,000.0
Financial result -148,000.0 -130,000.0 -86,000.0 -44,000.0 -53,000.0
Result before extraordinary items 105,000.0 210,000.0 175,000.0 330,000.0 186,000.0
Result before taxes 105,000.0 210,000.0 175,000.0 330,000.0 186,000.0
Taxes 18,000.0 36,000.0 21,000.0 46,000.0 27,000.0
Result before
minority interests 87,000.0 174,000.0 154,000.0 284,000.0 159,000.0
minority interests 0.0 0.0 0.0 -7,000.0 -3,000.0
Result for the financial year 87,000.0 174,000.0 154,000.0 291,000.0 162,000.0
Depreciation 254,000.0 254,000.0 248,000.0 246,000.0 250,000.0
Cash flow 341,000.0 428,000.0 402,000.0 530,000.0 409,000.0
Cash flow from
operating activities 522,000.0 710,000.0 221,000.0 502,000.0 422,000.0
Investments in
tangible fixed assets 194,000.0 289,000.0 248,000.0 285,000.0 505,000.0
Cash flow from
investing activities -187,000.0 -282,000.0 -1,193,000.0 -358,000.0 -446,000.0
Cash flow from
financing activities -451,000.0 -192,000.0 923,000.0 -30,000.0 -404,000.0
Others -7,000.0 -3,000.0 -3,000.0 -6,000.0 2,000.0
Change in
liquidity -123,000.0 233,000.0 -52,000.0 108,000.0 -426,000.0
Liquidity at
beginning of the year 429,000.0 196,000.0 248,000.0 140,000.0 566,000.0
Liquidity at end
of the year 306,000.0 429,000.0 196,000.0 248,000.0 140,000.0
Material costs 1,566,000.0 1,780,000.0 1,992,000.0 942,000.0 2,145,000.0
Cost of employees 981,000.0 1,107,000.0 855,000.0 823,000.0 845,000.0
Research and
Development 111,000.0 116,000.0 94,000.0 99,000.0 103,000.0
Added value 1,448,000.0 1,689,000.0 1,327,000.0 1,439,000.0 1,335,000.0
Working Capital 1,020,000.0 1,103,000.0 1,174,000.0 824,000.0 909,000.0
Sales per Employee 358.4 363.8 244.7 323.7 320.8
Market
capitalisation 4,477,000.0 2,612,000.0 2,937,000.0 3,966,364.4 3,863,170.2
Gross cost land
and buildings 1,647,000.0 1,593,000.0 1,552,000.0 1,381,000.0 1,418,000.0
Gross cost other
tangible fixed assets 3,921,000.0 3,903,000.0 3,761,000.0 3,493,000.0 3,587,000.0
Gross cost total 5,568,000.0 5,496,000.0 5,313,000.0 4,874,000.0 5,005,000.0
Insurance value
land and buildings 1,325,000.0 1,135,000.0 1,371,000.0 1,166,000.0 1,164,000.0
Insurance value
other tang. fixed assets 4,445,000.0 3,935,000.0 4,761,000.0 3,550,000.0 3,696,000.0
Insurance value
total 5,770,000.0 5,070,000.0 6,132,000.0 4,716,000.0 4,860,000.0
Employees at year end 9,935 10,789 11,001 8,280 8,386
Employees average 10,361 10,895 9,641 8,333 8,424
Employees inland 2,815 3,061
Employees abroad 5,465 5,325
No.
of Owner/-s: 1
Owner: The company is domestic
owned.
Class: 100%
Type: direct, Group-Level
1
Name: Lonza Group AG
City/Country: Basel/BS, Switzerland/CH
Interest: 100,00% voting right,
100,00% capital interest
Name: Lonza America Inc
City/Country: Willmington/Delaware, United
States of America/US
Name: Lonza BioPharma AG
City/Country: Visp/VS, Switzerland/CH
Name: Lonza Bioproducts AG
City/Country: Basel/BS, Switzerland/CH
Name: Lonza (China)
Investments Co Ltd
City/Country: Guangzhou, China/CN
Name: Lonza do Brasil
Especialidades Quimicas Ltda
City/Country: Sao Paulo, Brazil/BR
Name: Lonza Finance Ltd
City/Country: St. Helier/Jersey, United
Kingdom/GB
Name: Lonza Japan Ltd
City/Country: Tokyo, Japan/JP
Name: Lonza Sales AG
City/Country: Basel/BS, Switzerland/CH
Name: Lonza Swiss Finanz AG
City/Country: Basel/BS, Switzerland/CH
Name: Lonza Swiss Licences
AG
City/Country: Basel/BS, Switzerland/CH
Class: 30-39%
Name: Gazoduc SA Sion
City/Country: Sion/VS, Switzerland/CH
Interest: 34,00% voting right,
34,00% capital interest
Class: 30-39%
Name: Agroline AG
City/Country: Roggwil BE/BE, Switzerland/CH
Interest: 30,00% voting right,
30,00% capital interest
Class: 10-19%
Name: DEVIWA AG
City/Country: Susten/VS, Switzerland/CH
Interest: 7,00% voting right,
7,00% capital interest (since 27.03.2008)
Control date Year No. Amount CHF Status
08.02.2014 2014 0
31.12.2013 2013 0
31.12.2012 2012 1 840.-- Legal actions
31.12.2011 2011 1 820.-- Open legal actions
31.12.2010 2010 0
31.12.2009 2009 1 232,554.-- Opposition filed
31.12.2008 2008 1 166,000.-- Opposition filed
30.11.2006 2006 1 166,000.-- Opposition filed
31.12.2005 2005 1 166,000.-- Opposition filed
31.12.2004 2004 0
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.
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 good.
Payment
experiences: Financial obligations are
paid promptly.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.62.25 |
|
|
1 |
Rs.95.57 |
|
Euro |
1 |
Rs.71.01 |
INFORMATION DETAILS
|
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.