|
Report No. : |
304070 |
|
Report Date : |
29.01.2015 |
IDENTIFICATION DETAILS
|
Name : |
THYSSENKRUPP ENERGOSTAL SA |
|
|
|
|
Registered Office : |
ul. Grudziadzka 15 9 87-100 |
|
|
|
|
Country : |
|
|
|
|
|
Financials (as on) : |
30.09.2014 |
|
|
|
|
Date of Incorporation : |
14.10.1996 |
|
|
|
|
Legal Form : |
Joint Stock Company |
|
|
|
|
Line of Business : |
Wholesale and retail sale of
smelting articles; welding services; Metal processing; transport services;
sale of plastic products, aluminum
sections for doors and windows; plastic materials processing; |
|
|
|
|
No. of Employee : |
856 |
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 |
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
|
Status : |
Good |
|
|
|
|
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 – September 30, 2014
|
Country Name |
Previous Rating (30.06.2014) |
Current Rating (30.09.2014) |
|
Poland |
A2 |
A2 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
|
Moderate |
B1 |
|
High |
B2 |
|
Very High |
C1 |
|
Restricted |
C2 |
|
Off-credit |
D |
POLAND ECONOMIC OVERVIEW
Poland has pursued a policy of economic liberalization since 1990 and Poland's economy was the only one in the EU to avoid a recession through the 2008-09 economic downturn. Although EU membership and access to EU structural funds have provided a major boost to the economy since 2004, GDP per capita remains significantly below the EU average while unemployment continues to exceed the EU average. The government of Prime Minister Donald TUSK steered the Polish economy through the economic downturn by skillfully managing public finances and adopting controversial pension and tax reforms to further shore up public finances. While the Polish economy has performed well over the past five years, growth slowed in 2012 and 2013, in part due to the ongoing economic difficulties in the euro zone. Short-term, the key policy challenge will be to consolidate debt and spending without stifling economic growth. Over the longer term, Poland's economic performance could improve if the country addresses some of the remaining deficiencies in its road and rail infrastructure, business environment, rigid labor code, commercial court system, government red tape, and burdensome tax system.
|
Source
: CIA |
THYSSENKRUPP
ENERGOSTAL SA
ul. Grudziądzka 159
87-100 Toruń
Phone: 56 6119444
56 6119494
Fax: 56 6119432
56 6119575
E-mail: biuro@tk.energostal.pl
Website: http://www.thyssenkruppenergostal.pl
Legal form Joint Stock Company (6)
Stat.no. 870422397
Tax ID PL 9561627586
Establishment 14.10.1996 (6)
Changes of names and
Addresses 14.10.1996 ENERGOSTAL SA
19.10.2001 ThyssenKrupp Energostal SA
Registration: 18.06.2001, District Court Toruń, VII Department, KRS 20529
Data concerning previous registrations: 31.12.1996, District Court Toruń, RHB 2071
Shareholders ThyssenKrupp Materials AG, Düsseldorf, Hans-
Günther-Sohl-Str. 1, 40235 Duesseldorf,
Germany
Percent of owned shares 84.00%
Ryszard Bojarski , personal ID no. (PESEL)
63011310993, Kiełpiny, 87-640 Czernikowo
Percent of owned shares 8.00%
Roman Czyzykowski , personal ID no.
(PESEL) 69080908754
Percent of owned shares 8.00%
Share capital PLN
15 000 000,00
Share capital divided into
5000 shares of PLN
3
000,00 each
Series of
shares
1000
A
4000
C
Management Ryszard
Bojarski , personal ID no. (PESEL) 63011310993, Kielpiny,
87-640 Czernikowo – president
Roman Czyzykowski , personal ID no. (PESEL) 69080908754
-
vice president
Robert Tomasz
Buchnajzer , personal ID no. (PESEL) 73110406255
-
vice president
Proxies:
Mariusz Blazejewicz
, personal ID no. (PESEL) 74080917415
- joint proxy with a board member
Witold Martewicz , personal ID no.
(PESEL) 69032201850
-
joint proxy with a board member
Representation:
Two
members of the board of directors jointly or member of the board of directors
and proxy jointly
Supervisory board Martin Stillger
Marek Maria Rissmann , personal ID no. (PESEL) 58111403456
Klaus Keysberg
Main
activity wholesale
and retail sale of smelting articles;
welding
services; Metal processing; transport services;
sale
of plastic products, aluminum
sections for doors and windows; plastic materials processing;
Import
Czech Republic, Hungary, Belarus,
Luxembourg, Slovakia, Latvia, Switzerland, United Kingdom, Turkey, Germany
Export
Netherlands, Czech Republic, Hungary,
Russian Federation, Belarus, Moldova,
Republic of, Slovakia, Lithuania, Latvia, Ukraine, Germany
Branches NACE 2 007:
Other wholesale
Other wholesale
Wholesale of
hardware, plumbing and heating equipment and supplies
Treatment
and coating of metals
Other
transportation activities
Employment 2010: 695 employees
2011: 794 employees
2012: 786 employees
2013: 811 employees
30.09.2014:
856 employees
Turnover 01.10.2010
- 30.09.2011 PLN 2 261 944 979,57
01.10.2011 -
30.09.2012 PLN 2 244 802 242,15
01.10.2012 - 30.09.2013 PLN 2
072 637 543,46
2013 PLN 2 340 461 000,00
01.01.2014 - 30.09.2014 PLN 1
912 975 000,00
|
Source
of financial data |
|
Subject |
|
Subject |
||
|
|
|
|
F01 |
|
|
F01 |
|
Personal
balance sheet as at |
|
30. |
09.2014 |
|
31. |
12.2013 |
|
|
|
|
(PLN) |
|
|
(PLN) |
|
-A. Fixed assets |
226 |
022 |
000,00 |
227 |
706 |
000,00 |
|
- IV.
Long term investments |
|
169 |
000,00 |
|
169 |
000,00 |
|
-B. Current assets |
458 |
638 |
000,00 |
462 |
879 |
000,00 |
|
- I. Stock |
43 |
231 |
000,00 |
299 |
937 |
000,00 |
|
- 1.
Raw materials |
|
|
|
36 |
383 |
000,00 |
|
- 2.
Semi-finished products and |
2 |
396 |
000,00 |
|
|
|
|
|
|
|
|
|
|
|
|
- 3.
Finished products |
238 |
191 |
000,00 |
1 |
807 |
000,00 |
|
- 4.
Goods for re-sale |
|
|
|
258 |
213 |
000,00 |
|
- II.
Short-term receivables |
146 |
594 |
000,00 |
133 |
408 |
000,00 |
|
- 2.
Other receivables |
146 |
594 |
000,00 |
|
|
|
|
- a) Due to deliveries and |
132 |
681 |
000,00 |
|
|
|
|
|
|
|
|
|
|
|
|
- III.
Short term investments |
27 |
555 |
000,00 |
28 |
438 |
000,00 |
|
- 1.
Short-term financial assets... |
27 |
555 |
000,00 |
28 |
438 |
000,00 |
|
- c) cash and other liquid |
3 |
470 |
000,00 |
9 |
021 |
000,00 |
|
assets |
|
|
|
|
|
|
|
-IV. Short-term prepayments and |
|
513 |
000,00 |
1 |
096 |
000,00 |
|
|
|
|
|
|
|
|
|
-D. Total assets |
684 |
660 |
000,00 |
690 |
585 |
000,00 |
|
-A. Shareholders' equity |
368 |
266 |
000,00 |
343 |
631 |
000,00 |
|
- VIII.
Net profit (loss) |
40 |
838 |
000,00 |
39 |
402 |
000,00 |
|
-B. Liabilities and reserves for |
316 |
394 |
000,00 |
346 |
954 |
000,00 |
|
liabilities |
|
|
|
|
|
|
|
- I.
Reserves for liabilities |
1 |
664 |
000,00 |
2 |
963 |
000,00 |
|
-II. Long-term liabilities |
|
|
|
|
|
0,00 |
|
-III. Short-term liabilities |
296 |
814 |
000,00 |
330 |
723 |
000,00 |
|
- a) Loans |
34 |
043 |
000,00 |
104 |
693 |
000,00 |
|
- d)Due to deliveries and |
|
|
|
162 |
956 |
000,00 |
|
|
|
|
|
|
|
|
|
- e)
Advances received |
2 |
706 |
000,00 |
2 |
902 |
000,00 |
|
- g)
Due to taxes, subsidies, |
6 |
470 |
000,00 |
3 |
344 |
000,00 |
|
insurances, duties, etc |
|
|
|
|
|
|
|
-IV. Accruals
and deferred income |
17 |
916 |
000,00 |
13 |
268 |
000,00 |
|
-D.
Total liabilities |
684 |
660 |
000,00 |
690 |
585 |
000,00 |
|
Source
of financial data |
|
Subject |
|
Subject |
||
|
|
|
|
annual |
|
|
annual |
|
Personal
balance sheet as at |
|
30. |
09.2013 |
|
30. |
09.2012 |
|
|
|
|
(PLN) |
|
|
(PLN) |
|
-A. Fixed assets |
230 |
852 |
052,76 |
226 |
732 |
377,28 |
|
- I.
Tangible assets |
199 |
684 |
986,32 |
197 |
447 |
797,85 |
|
- II.
Intangible assets |
7 |
606 |
283,10 |
7 |
941 |
196,05 |
|
- V.
Investment real estate |
20 |
421 |
113,83 |
21 |
254 |
233,38 |
|
- VI.
Long term financial assets |
|
|
|
|
89 |
150,00 |
|
-VIII. Other long term investments |
|
89 |
150,00 |
|
|
|
|
-XIII. Assets due to deferred income -B. Current Assets |
3 |
050 |
519,51 |
|
|
|
|
|
600 |
984 |
846,62 |
514 |
492 |
303,22 |
|
- I. Stocks |
253 |
638 |
434,36 |
254 |
407 |
285,05 |
|
- IV.
Trade receivables and other |
189 |
834 |
883,40 |
177 |
905 |
224,93 |
|
|
|
|
|
|
|
|
|
- VIII.
Cash and cash equivalents.... |
157 |
511 |
528,86 |
82 |
179 |
793,24 |
|
-Total assets |
831 |
836 |
899,38 |
741 |
224 |
680,50 |
|
-A. Equity |
332 |
122 |
557,55 |
300 |
121 |
882,30 |
|
- I.
Initial capital |
15 |
000 |
000,00 |
15 |
000 |
000,00 |
|
- VII.
Other reserve capital |
285 |
121 |
882,30 |
255 |
046 |
337,76 |
|
- XI.
Retained earnings |
32 |
000 |
675,25 |
30 |
075 |
544,54 |
|
-B. Long term
liabilities |
6 |
014 |
203,18 |
3 |
221 |
810,00 |
|
- III.
Liabilities due to employees'
benefits |
|
145 |
344,67 |
|
100 |
000,00 |
|
- VII.
Reserve due to deferred |
5 |
868 |
858,51 |
3 |
121 |
810,00 |
|
-C. Short term
liabilities |
493 |
700 |
138,65 |
437 |
880 |
988,20 |
|
- I.
Credits and loans/ Current |
101 |
574 |
713,93 |
91 |
557 |
471,35 |
|
- VIII.
Liabilities due to income |
2 |
681 |
371,00 |
|
725 |
920,00 |
|
- IX.
Trade and other liabilities |
386 |
295 |
132,58 |
343 |
060 |
426,06 |
|
- Liabilities for employee benefits.. |
3 |
148 |
921,14 |
2 |
537 |
170,79 |
|
-Total liabilities |
831 |
836 |
899,38 |
741 |
224 |
680,50 |
|
|
|
F01 |
F01 |
annual |
annual |
|
|
individual PROFIT AND LOSS ACCOUNT |
- |
- |
01.10.2012- |
01.10.2011- |
|
|
|
01.01.2014- |
01.01.2013- |
30.09.2013 |
30.09.2012 |
|
|
|
30.09.2014 |
31.12.2013 |
(PLN) |
(PLN) |
|
|
|
(PLN) |
(PLN) |
|
|
|
|
-A. Income from sales and similar... |
1 912 975 000,00 |
2 340 461 000,00 |
2 072 637 543,46 |
2 244 802 242,15 |
|
- |
- including related companies... |
|
|
26 600 030,55 |
21 585 723,11 |
|
|
- I. Net income on sales... |
130 235 000,00 |
170 932 000,00 |
187 135 331,49 |
262 916 446,75 |
|
|
- II. Change in value of stock ( |
44 022 000,00 |
31 150 000,00 |
20 981 094,43 |
12 103 096,51 |
|
+, -)... |
|
|
|
|
|
|
|
- III. Sales of goods for own use... |
181 728 000,00 |
222 646 000,00 |
|
|
|
|
- IV. Income from sales of goods |
1 556 990 000,00 |
1 915 733 000,00 |
1 864 521 117,54 |
1 969 782 698,89 |
|
|
and materials... |
|
|
|
|
|
|
-B. Operational costs... |
1 853 963 000,00 |
2 271 835 000,00 |
2 016 537 636,03 |
2 184 031 697,65 |
|
|
- I. Depreciation... |
10 969 000,00 |
14 148 000,00 |
14 115 792,97 |
12 393 791,46 |
|
|
- II. Materials and energy... |
327 818 000,00 |
389 907 000,00 |
175 957 539,94 |
237 017 231,86 |
|
|
- III. Third party services... |
55 316 000,00 |
69 115 000,00 |
67 598 014,20 |
73 256 988,13 |
|
|
- IV. Taxes and duties... |
3 435 000,00 |
4 540 000,00 |
4 355 771,29 |
3 712 750,21 |
|
|
- V. Salaries and wages... |
43 964 000,00 |
50 430 000,00 |
49 400 615,43 |
50 169 632,97 |
|
|
- VI. Social security... |
8 808 000,00 |
10 847 000,00 |
10 499 673,08 |
10 440 296,94 |
|
|
- VII. Other... |
4 599 000,00 |
5 344 000,00 |
5 620 970,29 |
6 121 064,34 |
|
|
- VIII.Costs of goods and materials |
1 399 054 000,00 |
1 727 504 000,00 |
1 688 989 258,83 |
1 790 919 941,74 |
|
sold... |
|
|
|
|
|
|
|
-C. Profit on sale... |
59 012 000,00 |
68 626 000,00 |
56 099 907,43 |
60 770 544,50 |
|
|
-D. Other operating incomes... |
2 913 000,00 |
4 583 000,00 |
356 911,01 |
1 450 784,88 |
|
|
- I. Incomes from disposal |
320 000,00 |
513 000,00 |
|
|
|
|
non-financial assets... |
|
|
|
|
|
|
- III. Other operating incomes... |
2 593 000,00 |
4 070 000,00 |
|
|
|
|
-E. Other operating costs... |
4 103 000,00 |
11 622 000,00 |
1 574 327,56 |
1 294 349,78 |
|
|
- III. Other operating costs... |
4 103 000,00 |
11 622 000,00 |
|
|
|
|
-F. Profit on operating activities... |
57 822 000,00 |
61 587 000,00 |
54 882 490,88 |
60 926 979,60 |
|
|
-G. Financial incomes... |
6 356 000,00 |
6 462 000,00 |
7 014 118,24 |
6 115 383,42 |
|
|
- II. Interest received... |
3 915 000,00 |
3 299 000,00 |
|
|
|
|
- V. Other... |
2 441 000,00 |
3 163 000,00 |
|
|
|
|
-H. Financial costs... |
14 173 000,00 |
19 115 000,00 |
22 445 633,87 |
30 074 369,48 |
|
|
- I. Interest... |
3 987 000,00 |
3 755 000,00 |
|
|
|
- |
- related companies... |
|
3 363 000,00 |
|
|
|
|
- IV. Other... |
10 186 000,00 |
15 360 000,00 |
|
|
|
|
-I. Profit on economic activity... |
50 005 000,00 |
48 934 000,00 |
39 450 975,25 |
36 967 993,54 |
|
|
-K. Gross profit... |
50 005 000,00 |
48 934 000,00 |
39 450 975,25 |
36 967 993,54 |
|
-L. Corporation tax... |
9 167 000,00 |
9 532 000,00 |
7 450 300,00 |
6 892 449,00 |
|
- a) current
part... |
10 467 000,00 |
9 835 000,00 |
|
|
|
- b) deferred
part... |
-1 300 000,00 |
-303 000,00 |
|
|
|
-N. Net profit... |
40 838 000,00 |
39 402 000,00 |
32 000 675,25 |
30 075 544,54 |
|
|
01.01.2014 |
01.01.2013 |
01.10.2012 |
01.10.2011 |
|
Ratios |
30.09.2014 |
31.12.2013 |
30.09.2013 |
30.09.2012 |
|
Current ratio |
1,55 |
1,40 |
1,22 |
1,17 |
|
Quick ratio |
0,59 |
0,49 |
0,70 |
0,59 |
|
Immediate ratio |
0,01 |
0,03 |
0,32 |
0,19 |
|
Return on sale |
2,42 |
1,89 |
1,56 |
1,35 |
|
Return on assets |
5,96 |
5,71 |
3,85 |
4,06 |
|
Return on equity |
11,09 |
11,47 |
9,64 |
10,02 |
|
Average trade debtors' days |
23,72 |
23,34 |
33,77 |
29,16 |
|
Average stock turnover's days |
6,99 |
52,47 |
45,12 |
41,70 |
|
average payables payment period |
48,03 |
57,85 |
87,83 |
71,78 |
|
Total indebtedness ratio |
46,21 |
50,24 |
60,07 |
59,51 |
While rating the company, it is advisable to take into
consideration information about the branch, the company is acting in
|
(G.46.72.Z - NACE
2007), as at : |
30.06.2014 |
31.12.2013 |
31.12.2012 |
31.12.2011 |
31.12.2010 |
|
Current ratio... |
1,41 |
1,15 |
1,37 |
1,34 |
1,23 |
|
Quick ratio... |
0,73 |
0,58 |
0,71 |
0,77 |
0,73 |
|
Immediate ratio... |
0,06 |
0,03 |
0,04 |
0,04 |
0,04 |
|
Return on sale... |
2,58 |
0,81 |
-0,18 |
0,99 |
1,87 |
|
Return on assets... |
2,65 |
1,60 |
-0,36 |
2,22 |
2,89 |
|
Return on equity... |
7,99 |
4,48 |
-1,25 |
6,30 |
6,99 |
|
Average trade debtors' days... |
50,33 |
49,15 |
50,75 |
56,32 |
72,05 |
|
Average stock turnover's days... |
55,47 |
56,58 |
53,29 |
45,82 |
54,39 |
|
average payables payment period... |
82,20 |
99,07 |
81,11 |
81,10 |
109,55 |
|
Total indebtedness ratio... |
66,82 |
64,30 |
70,88 |
64,74 |
58,63 |
|
Percent share in the examinated
group |
|
|
|
|
|
|
of companies with net profit... |
82,90 |
71,40 |
57,40 |
82,20 |
76,10 |
|
Sales/revenue per employee in th.
PLN... |
1 011,22 |
1 780,62 |
1 643,88 |
1 927,15 |
1 301,41 |
|
Average sales/revenue per company in |
|
|
|
|
|
|
th.
PLN... |
124 626,61 |
219 863,81 |
183 450,40 |
218 153,02 |
175 040,02 |
|
(G.46.90.Z - NACE
2007), as at : |
30.06.2014 |
31.12.2013 |
31.12.2012 |
31.12.2011 |
31.12.2010 |
|
Current ratio... |
1,34 |
1,27 |
1,37 |
1,34 |
1,35 |
|
Quick ratio... |
0,88 |
0,84 |
0,92 |
0,91 |
0,92 |
|
Immediate ratio... |
0,11 |
0,12 |
0,11 |
0,12 |
0,13 |
|
Return on sale... |
1,89 |
2,18 |
1,98 |
2,37 |
2,52 |
|
Return on assets... |
2,02 |
4,73 |
4,39 |
4,83 |
5,29 |
|
Return on equity... |
4,82 |
11,24 |
10,68 |
12,19 |
12,58 |
|
Average trade debtors' days... |
55,42 |
52,56 |
53,54 |
60,01 |
55,55 |
|
Average stock turnover's days... |
35,92 |
32,82 |
32,07 |
34,73 |
33,41 |
|
average payables payment period... |
80,01 |
78,91 |
74,05 |
84,44 |
79,60 |
|
Total indebtedness ratio... |
58,03 |
57,91 |
58,95 |
60,38 |
57,95 |
|
Percent share in the examinated
group |
|
|
|
|
|
|
of companies with net profit... |
76,50 |
86,80 |
84,00 |
85,20 |
88,30 |
|
Sales/revenue per employee in th.
PLN... |
644,29 |
1 326,46 |
1 251,19 |
1 194,06 |
1 096,92 |
|
Average sales/revenue per company in th.
PLN... |
119 084,80 |
227 937,24 |
212 247,13 |
200 401,36 |
168 306,09 |
according to the Central Statistical Office
|
Locations: |
seat: |
ul. Grudziądzka 159,
87-100 Toruń
|
Phone: |
56 6119444 |
56
6119494
|
Fax: |
56 6119431 |
56
6119432
56
6119433
56
6119575
|
E-mail: |
|
Website: |
Branches throughout the country,
Major logistics centers are located in Blonie
near Warsaw, Poznan and Dąbrowa
Górnicza
|
Real Estate |
No data |
Verification of information on real estate
ownership position through the Real Estate Register is not covered by the
standard report.
|
Shares in other |
As at 31.12.2014
there are no shares in other companies. |
companies
|
Connections: |
Marek
Maria Rissmann
, personal ID no. (PESEL) 58111403456 |
- RISSMANN CONSULTING SPÓŁKA Z O.O. NIP 9561956396, ul. Rynek Nowomiejski 16/8,
87-100 Toruń · shareholder: PLN 45
900,00 (90,00%) · president
Robert Tomasz Buchnajzer , personal ID no. (PESEL) 73110406255
- "DWÓR ELIZY" sp. z o.o. NIP 8811453685,
ul. Zdrojowa 22, 57-520 Długopole-Zdrój
· shareholder: PLN 632 000,00
(25,21%) · vice president
Martin Stillger Klaus Keysberg
Connections
have not been determined due to no possibility of identification of the persons
or subjects which appear in the company.
Data
concerning connections are valid as at:
31.12.2014.
|
Certificates: |
OHSAS 18001:2007 |
ISO
9120:2010
ISO
9001:2008
|
General information |
Membership: |
Polish Union of Steel Distributors BCC
|
Banks |
Deutsche Bank Polska SA Centrala |
(18800009) |
|
|
al. Armii Ludowej 26,
00-609 Warszawa |
|
|
|
Bank Handlowy w Warszawie SA O. w Bydgoszczy |
(10301090) |
|
|
ul. Jagiellońska 21, 85-950 Bydgoszcz |
|
|
Payment Manner |
|
In available sources, payment delays have not been noted |
(34) |
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.61.41 |
|
|
1 |
Rs.93.18 |
|
Euro |
1 |
Rs.69.82 |
INFORMATION DETAILS
|
Analysis Done by
: |
SUB |
|
|
|
|
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.