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Report No. : |
301884 |
|
Report Date : |
05.01.2015 |
IDENTIFICATION DETAILS
|
Name : |
JYSK AB |
|
|
|
|
Registered Office : |
Foretagsvagen
6,23237 ARLOV |
|
|
|
|
Country : |
Sweden |
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|
|
|
Financials (as on) : |
2013 |
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|
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Date of Incorporation : |
07.05.1991 |
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|
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Com. Reg. No.: |
5564251246 |
|
|
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|
Legal Form : |
Limited Liability Company |
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|
|
|
Line of Business : |
·
Engaged
as Retail sale of Home
Furnishing Textiles in Specialised Stores · Engaged as Retail sale of Home Furniture in specialised stores · Engaged Retail sale of men''s clothing in specialised stores |
|
|
|
|
No of Employees : |
1081 (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 : |
No Complaints |
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|
|
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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 – September 30, 2014
|
Country Name |
Previous Rating (30.06.2014) |
Current Rating (30.09.2014) |
|
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.
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Source : CIA |
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Business Name |
JYSK AB |
|
Country |
SWEDEN |
|
Company Registration Number |
5564251246 |
|
Activity Code |
47532 |
|
Activity Description |
Retail sale of
home furnishing textiles in specialised stores |
|
Company Status |
Active (Active) |
|
Latest Turnover Figure |
2.808.230.000 SEK |
|
Latest Shareholder Equity Figure |
883.609.000 SEK |
|
Business Name |
JYSK AB |
|
Registered Company Name |
JYSK AB |
|
Company Registration Number |
5564251246 |
|
Country |
SWEDEN |
|
VAT Registration Number |
SE556425124601 |
|
Date of Company Registration |
07/05/1991 |
|
Legal Form |
Limited liability
company |
|
Company Status |
Active (Active) |
|
Currency of this Report |
SEK |
|
Principal Activity Code |
No code |
|
Principal Activity Description |
·
Engaged
as Retail sale of Home
Furnishing Textiles in Specialised Stores · Engaged as Retail sale of Home Furniture in specialised stores ·
Engaged
Retail sale of men''s clothing in specialised stores |
|
Contact Address |
Foretagsvagen
6,23237 ARLOV |
|
Contact Telephone Number |
040-6914100 |
|
Address |
Country Telephone |
|
Foretagsvagen
6,23237 ARLOV |
SWEDEN 040-6914100 |
|
Address |
Country |
|
|
Transportgatan
19B, 42246 |
SWEDEN |
|
|
Vallgatan 10,57141 |
SWEDEN |
|
|
Hyllie Boulevard
19,21532 |
SWEDEN |
|
|
Stenbocksvagen
32 B, 61167 |
SWEDEN |
|
|
Kundvagen 6
B,30241 |
SWEDEN |
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|
Jungfruns Gata
416-419,13660 |
SWEDEN |
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Solberga
Handelsvag 19,64547 |
SWEDEN |
|
|
Antennvagen
18,86337 |
SWEDEN |
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Arabygatan
13,35246 |
SWEDEN |
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Bilbyggarvagen
12,39356 |
SWEDEN |
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Bolagsvagen 1,
70236 |
SWEDEN |
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Bolandsgatan 17
A, 75323 |
SWEDEN |
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Bollstanasvagen
1,19278 |
SWEDEN |
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Dalahasten,
77461 |
SWEDEN |
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Formvagen 6B,
90621 |
SWEDEN |
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Foretagsvagen
36,22761 |
SWEDEN |
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|
Gamla
Alingsasvagen 16,43338 |
SWEDEN |
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Grytstorpsgatan
6,58273 |
SWEDEN |
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Hallsta
Gardsgata 2, 72138 |
SWEDEN |
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Hantverkarvagen
2,18766 |
SWEDEN |
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Herrestavagen
19,17738 |
SWEDEN |
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Hogdalsgangen
19,12454 |
SWEDEN |
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Jochums Vag
10,29159 |
SWEDEN |
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Klastorpsvagen
8,15242 |
SWEDEN |
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Kolarevagen
6,83172 |
SWEDEN |
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Activity Code |
Activity Description |
|
|
47532 |
Retail sale of home furnishing textiles in specialised stores |
|
|
47591 |
Retail sale of home furniture in specialised stores |
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|
47712 |
Retail sale of men''s clothing in specialised stores |
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Email Addresses |
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Web Pages |
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Year |
Number of Employees |
|
|
|
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2013 |
1081 |
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|
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2012 |
1319 |
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2011 |
1305 |
|||
|
2010 |
1240 |
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2009 |
1218 |
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Auditor Name |
Ohrlings
PricewaterhouseCoopers AB |
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Tax Registrations |
|
|
Registered for Tax |
Yes |
|
Registered for VAT |
Yes |
|
Registered for Employee Tax |
Yes |
|
Type |
Category Issuer |
|
No certificate
information for this company |
|
|
Activity Code |
47532 |
|
Activity Description |
Retail sale of
home furnishing textiles in specialised stores |
|
Event Date |
Event Description |
|
04/03/2014 |
Group Structure
Change |
|
28/02/2014 |
Annual account,
new |
|
25/02/2014 |
Annual report
(PDF), new |
|
10/12/2013 |
Authorised
signatories amended or new/amended vacancy text |
|
10/12/2013 |
Company
representatives, changed |
|
28/02/2013 |
Annual account,
new |
|
19/02/2013 |
Annual report
(PDF), new |
|
22/02/2012 |
Annual account,
new |
|
17/02/2012 |
Annual report
(PDF), new |
|
11/04/2011 |
Annual account,
new |
|
07/04/2011 |
Annual report
(PDF), new |
|
07/04/2011 |
Authorised
signatories amended or new/amended vacancy text |
|
07/04/2011 |
Board, changed |
|
07/04/2011 |
Company
representatives, changed |
|
04/12/2010 |
Company
representatives, changed |
|
04/12/2010 |
Board, changed |
|
04/03/2010 |
Annual account,
new |
|
24/02/2010 |
Annual report
(PDF), new |
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 |
2.812.591.000 |
2.749.562.000 |
2.776.118.000 |
|
Operating Costs |
2.590.165.000 |
2.452.616.000 |
2.415.537.000 |
|
Operating Profit |
222.426.000 |
296.946.000 |
360.581.000 |
|
Wages & Salaries |
-395.701.000 |
-365.483.000 |
-367.656.000 |
|
Depreciation |
-22.157.000 |
-22.884.000 |
-25.142.000 |
|
Financial Income |
1.361.000 |
10.720.000 |
2.849.000 |
|
Financial Expenses |
-6.472.000 |
-3.583.000 |
-4.501.000 |
|
Extraordinary Income |
0 |
0 |
0 |
|
Extraordinary Costs |
0 |
0 |
0 |
|
Profit before Tax |
217.315.000 |
304.082.000 |
358.929.000 |
|
Tax |
-43.250.000 |
-60.631.000 |
-94.127.000 |
|
Profit after Tax |
174.065.000 |
243.451.000 |
264.802.000 |
|
Minority Interests |
0 |
0 |
0 |
|
Other Appropriations |
-55.303.000 |
-76.891.000 |
1.266.000 |
|
Retained Profit |
118.762.000 |
166.559.000 |
266.068.000 |
|
Financial Year |
2013 |
2012 |
2011 |
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|
Number of Weeks |
52 |
52 |
52 |
|
||||
|
Currency |
SEK |
SEK |
SEK |
|
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Consolidated Accounts |
No |
No |
No |
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|
Land & Buildings |
169.580.000 |
175.353.000 |
185.874.000 |
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Plant & Machinery |
0 |
0 |
0 |
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Other Tangible Assets |
29.316.000 |
31.327.000 |
29.834.000 |
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||||
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Total Tangible Assets |
198.896.000 |
206.680.000 |
215.708.000 |
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Goodwill |
0 |
0 |
0 |
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Other Intangible Assets |
0 |
0 |
0 |
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Total Intangible Assets |
0 |
0 |
0 |
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||||
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Loans To Group |
0 |
0 |
0 |
|
||||
|
Other Loans |
0 |
0 |
0 |
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Miscellaneous Fixed Assets |
0 |
0 |
0 |
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Total Other Fixed Assets |
0 |
0 |
0 |
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TOTAL FIXED ASSETS |
198.896.000 |
206.680.000 |
215.708.000 |
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|
Work In Progress |
0 |
0 |
0 |
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|
Other Inventories |
544.377.000 |
689.853.000 |
689.361.000 |
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||||
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Total Inventories |
544.377.000 |
689.853.000 |
689.361.000 |
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Trade Receivables |
9.779.000 |
8.515.000 |
7.715.000 |
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Group Receivables |
30.303.000 |
31.448.000 |
396.786.000 |
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Miscellaneous Receivables |
111.581.000 |
21.729.000 |
17.673.000 |
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Total Receivables |
151.663.000 |
61.692.000 |
422.174.000 |
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|
Cash |
485.391.000 |
341.366.000 |
222.956.000 |
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Other Current Assets |
0 |
0 |
0 |
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|
TOTAL CURRENT ASSETS |
1.181.431.000 |
1.092.911.000 |
1.334.491.000 |
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||||
|
TOTAL ASSETS |
1.380.327.000 |
1.299.590.000 |
1.550.199.000 |
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|
Trade Payables |
140.892.000 |
141.881.000 |
150.995.000 |
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|
Bank Liabilities |
36.566.000 |
39.434.000 |
75.011.000 |
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|
Group Payables |
74.138.000 |
0 |
14.687.000 |
|
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|
Miscellaneous Liabilities |
107.353.000 |
105.963.000 |
275.644.000 |
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|
TOTAL CURRENT LIABILITIES |
358.949.000 |
287.278.000 |
516.337.000 |
|
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|
Bank Liabilities Due After 1 Year |
0 |
0 |
0 |
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|
Other Loans Or Finance Due After 1 Year |
0 |
0 |
0 |
|
||||
|
Group Payables Due After 1 Year |
0 |
0 |
0 |
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|
Miscellaneous Liabilities Due After 1 Year |
137.769.000 |
82.466.000 |
5.575.000 |
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|
TOTAL LONG TERM LIABILITIES |
137.769.000 |
82.466.000 |
5.575.000 |
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|
TOTAL LIABILITIES |
496.718.000 |
369.744.000 |
521.912.000 |
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||||
|
Called Up Share Capital |
250.000 |
250.000 |
250.000 |
|
||||
|
Share Premium |
0 |
0 |
0 |
|
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|
Revenue Reserves |
883.309.000 |
929.546.000 |
1.027.987.000 |
|
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|
Other Reserves |
50.000 |
50.000 |
50.000 |
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||||
|
TOTAL SHAREHOLDERS EQUITY |
883.609.000 |
929.846.000 |
1.028.287.000 |
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||||
|
Other Financials Contingent Liabilities |
0 |
0 |
0 |
|
||||
|
Working Capital |
822.482.000 |
805.633.000 |
818.154.000 |
|
||||
|
Net Worth |
883.609.000 |
929.846.000 |
1.028.287.000 |
-------- |
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|
Pre-Tax Profit Margin |
7.73 % |
11.06 % |
12.93 % |
|
|
Return On Capital Employed |
12.49 % |
19.16 % |
17.37 % |
|
|
Return On Total Assets Employed |
15.74 % |
23.40 % |
23.15 % |
|
|
Return On Net Assets Employed |
24.59 % |
32.70 % |
34.91 % |
|
|
Sales/Net Working Capital |
3.42 |
3.41 |
3.39 |
|
|
Stock Turnover Ratio |
19.36 % |
25.09 % |
24.83 % |
|
|
Debtor Days |
1.27 |
1.13 |
1.01 |
|
|
Creditor Days |
18.28 |
18.83 |
19.85 |
|
|
Current Ratio |
3.29 |
3.80 |
2.58 |
|
|
Liquidity Ratio/Acid Test |
1.77 |
1.40 |
1.25 |
|
|
Current Debt Ratio |
0.41 |
0.31 |
0.50 |
|
|
Gearing |
4.14 % |
4.24 % |
7.29 % |
|
|
Equity In Percentage |
64.01 % |
71.55 % |
66.33 % |
|
|
Total Debt Ratio |
0.56 |
0.40 |
0.51 |
|
No shareholders data
for this company.
|
Name |
Appointment Date |
Position |
|
Bogh, Jan |
10/02/2004 |
Actual Member of Board |
|
Brunsborg, Jacob |
10/02/2004 |
Actual Member of Board |
|
Naundrup, Henrik |
10/02/2004 |
Actual Member of Board |
|
Nielsen, Mikael
Havndrup |
06/04/2011 |
Actual Member of Board |
|
Debt Balance |
||
|
Currency |
SEK |
|
|
Number Of Private Claims |
0 |
|
|
Balance Of Private Claims |
0 |
|
|
Number Of Public Claims |
0 |
|
|
Debt Balance |
||
|
Balance Of Public Claims |
0 |
|
|
Total Balance |
0 |
|
|
Record of Non Payment |
|
|
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Number Of Distrait Or Repossessions |
0 |
|
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Number Of Public Claims |
3 |
|
|
Number Of Private Claims |
3 |
|
|
Number Of Applications |
0 |
|
|
Number Of Revoked Applications |
16 |
|
|
Type |
Parking offense charge |
|
Date |
2013-03-13 |
|
Amount |
400 (SEK) |
|
Currency |
SEK |
|
Latest Private Claim |
|
|
Date |
2013-10-30 |
|
Amount |
19518 (SEK) |
|
Currency |
SEK |
|
Creditor |
Safepartner i Osby Aktiebolag |
|
Comments |
Decision |
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.63.29 |
|
UK Pound |
1 |
Rs.98.39 |
|
Euro |
1 |
Rs.76.31 |
INFORMATION DETAILS
|
Analysis Done by
: |
KAR |
|
|
|
|
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.