|
Report No. : |
330609 |
|
Report Date : |
16.07.2015 |
IDENTIFICATION DETAILS
|
Name : |
LEICA GEOSYSTEMS AG |
|
|
|
|
Registered Office : |
Heinrich-Wild-Strasse 201, 9435
Heerbrugg/SG |
|
|
|
|
Country : |
Switzerland |
|
|
|
|
Financials (as on) : |
31.12.2014 |
|
|
|
|
Year of Establishment : |
1921 |
|
|
|
|
Com. Reg. No.: |
320.3.000.401-5 |
|
|
|
|
Legal Form : |
Company Limited by Shares |
|
|
|
|
Line of Business : |
· Manufacture of instruments and appliances for measuring, testing and navigation · Manufacture of optical instruments and photographic equipment |
|
|
|
|
No. of Employees : |
2,000-3,999 |
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 – March 31, 2015
|
Country Name |
Previous Rating (31.12.2014) |
Current Rating (31.03.2015) |
|
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 demand for Swiss exports, and put
Switzerland into a recession. During this period the Swiss National Bank (SNB)
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 unfolding in neighboring euro-zone countries,
however, coupled with ongoing economic instability in Russia and other eastern
European economies continues to pose a significant risk to the Swiss economy,
driving up demand for the Swiss franc by investors seeking a safe-haven
currency. In January of 2015, the SNB abandoned the Swiss franc’s peg to the Euro,
roiling global currency markets and making active SNB intervention a necessary
hallmark of present-day Swiss monetary policy. 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. In recent years, Switzerland has
responded to increasing pressure from neighboring countries and trading
partners, including the EU, the US, and international institutions to reform
its banking secrecy laws. In response to that international pressure, the Swiss
government has agreed to conform to OECD regulations on administrative
assistance in tax matters, including tax evasion. The Swiss government has also
renegotiated its double taxation agreements with numerous countries, including
the US, to incorporate OECD standards, while openly considering the possibility
of imposing taxes on bank deposits held by foreigners.
|
Source
: CIA |
LEICA GEOSYSTEMS
AG
Operating
address:
Heinrich-Wild-Strasse
201
9435 Heerbrugg/SG
Switzerland/CH
Telephone: 071
7273131
Fax: 071
7274674
Web
site: http://www.leica-geosystems.com
E-mail: info@leica-geosystems.com
WIN
Worldbox No.: CH0000026849
VAT-No.: CHE-116.304.245 MWST
UID-No.: CHE105959465
Established: 1921
History: 1921: Established from Heinrich Wild, Jacob
Schmidheiny & Dr. Robert Helbling
Line
of Business: Measurement and
control technology
Industry
Division: Manufacturing
Industry-code (NACE): 2651 Manufacture of instruments and appliances
for measuring, testing and navigation
2670 Manufacture of optical instruments and
photographic equipment
Import/Export: Export
Export
sales: 90,0%
Quality
certification: ISO 14001:2004
ISO
9001:2008 (since 2010)
Banks: CS Credit Suisse
UBS Ltd
Coverage: Group
Figures: approximately
Financial
year: 2015
Employees: 2,000-3,999
Sales: CHF 600-800 Mio
Branches: 2
The company is engaged in the development
and production of surveying instruments. As per own statement, the company
offers a comprehensive range of innovative products and solutions that capture
accurately, analyze easily, and visualize and present spatial information.
Products and solutions are offered for:
Agriculture, digital imaging, educational program
EMEA, laser scanning, laser tracker systems, Leica 3D Disto, mining solutions,
myWorld customer portal, original accessories, precision tools, SmartNet -
referral service, Total stations, Viva GNSS.
The company is represented in the following
countries:
AMERICA:
Brazil, USA
EURASIA and AFRICA:
Japan, Kazakhstan, Korea, Russia.
EUROPE:
Belgium, Denmark, Germany, Spain, France,
Italy, Hungary, the Netherlands, Norway, Austria, Poland, Russia, Finland,
Sweden, Switzerland, the UK
Information on property ownership was not
available.
Company
No: 320.3.000.401-5
UID-No.: CHE105959465
Legal
form: Company limited by
shares
Registration: 19.07.1923
Legal
status: active
Responsible
Register: Handelsregister des Kantons St.
Gallen
History: Date of Statutes:
10.07.1990
Date of
Incorporation Statutes: 10.07.1923
Date of
Statutes: 04.05.2010
Date of
Statutes: 04.06.2009
Date of
Statutes: 17.07.2008
Date of
Statutes: 08.05.2008
Date of
Statutes: 18.04.2008
Date of Statutes:
05.12.2006
Date of
Statutes: 22.05.2003
Date of
Statutes: 26.09.1997
Date of
Statutes: 25.09.1992
Entry Deleted Name
03.10.1997 Leica
Geosystems AG
03.10.1997 Leica
Geosystems Ltda (Name translated)
03.10.1997 Leica
Geosystems Ltd (Name translated)
03.10.1997 Leica
Geosystems SA (Name translated)
25.09.1992 Leica Heerburgg AG
removed Verkaufs-Aktiengesellschaft Heinrich Wild's
geodätische Instrumente
removed Wild Leitz AG
removed Wild Heerbrugg AG
removed Verkaufsaktiengesellschaft Heinrich Wild's
geodätische Instrumente
25.09.1992 Leica Heerbrugg Ltd (Name translated)
25.09.1992 Leica Heerbrugg Ltda (Name translated)
25.09.1992 Leica Heerbrugg SA (Name translated)
25.09.1992 03.10.1997 Leica Ltda
25.09.1992 03.10.1997 Leica Ltd
25.09.1992 03.10.1997 Leica SA
25.09.1992 03.10.1997 Leica AG
Entry Deleted Legal domicile
active Balgach,
Switzerland
Entry Deleted Address
27.09.2012 Heinrich-Wild-Strasse
201, 9435 Heerbrugg/SG, Switzerland/CH
08.05.2009 9435 Heerbrugg, Switzerland/CH
08.05.2009 27.09.2012 Heinrich-Wild-Strasse, 9435 Heerbrugg/SG,
Switzerland/CH
Entry Deleted Capital
11.05.2010 Share
Capital CHF 31,677,300, paidup CHF 31,677,300
10.06.2009 11.05.2010 Share Capital CHF 31,610,400, paidup CHF
31,610,400
31.07.2008 10.06.2009 Share Capital CHF 31,147,650, paidup CHF
31,147,650
Entry Deleted Capital Structure
11.05.2010 33,546
Registered shares of CHF 50.--
11.05.2010 2,000
Bearer shares of CHF 15,000.--
10.06.2009 11.05.2010 32,208 Registered shares of CHF 50.--
10.06.2009 11.05.2010 2,000 Bearer shares of CHF 15,000.--
31.07.2008 10.06.2009 22,953 Registered shares of CHF 50.--
31.07.2008 10.06.2009 2,000 Bearer shares of CHF 15,000.--
Entry Deleted Branches
27.05.1993 Kanalstrasse
21, 8152 Glattbrugg/ZH, Switzerland/CH
23.09.1991 Mönchmattweg
5, 5035 Unterentfelden/AG, Switzerland/CH
Title Name
President Ola Rollén
Citizen:
Sweden
Residential
address: London , United Kingdom
joint
signature of two
Registered
since: 30.11.2005
Vice-President Dr. Jürgen Hermann
Dold
Citizen:
Germany
Residential
address: 6204 Sempach/LU, Switzerland
joint
signature of two
Registered
since: 08.05.2009
Director Thomas
Harring
Citizen:
Germany
Residential
address: Baar, Switzerland
joint
signature of two
Registered
since: 08.05.2009
Director John
Fredrick Alexander Welter
Citizen:
Canada
Residential
address: St. Gallen, Switzerland
joint
signature of two
Registered
since: 23.04.2015
Title Name
Member
with signing authority Lukas Gabriel
Koller
Citizen:
Appenzell, Switzerland
Residential
address: Steinach, Switzerland
joint
signature of two
Registered
since: 07.05.2013
Member
with signing authority Johannes
Schwarz
Citizen:
Austria
Residential
address: Widnau, Switzerland
joint
signature of two
Registered
since: 21.05.2008
Title Name
Auditor Ernst
& Young AG
Residential
address: Zürich, Switzerland
Registered
since: 30.11.2005
Title Name
Chief
Executive Officer Dr. Jürgen
Hermann Dold
Chief
Executive Officer Ola Rollén
Chief
Financial Officer, Chief Operating Officer Thomas
Harring
Name: Hexagon AB
City/Country: Stockholm , Sweden/SE
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: Local GAAP Local GAAP Local
GAAP Local GAAP Local GAAP
Remarks: about about about about about
Operating revenue 700,000.0 700,000.0 700,000.0 720,000.0 710,000.0
Capital 31,677.3 31,677.3 31,677.3 31,677.3 31,610.4
Employees at year end 3,800 3,600 3,500 3,500 3,500
Employees inland 920
Employees abroad 2,880
Financial Data
Hexagon AB
Consolidation: consolidated
Industry: Trade/Industry
Fiscal year end: 31.12.2014 31.12.2013 31.12.2012 31.12.2011 31.12.2010
Number of months: 12 12 12 12 12
Currency: th.
EUR th. EUR th. EUR th. EUR th.
SEK
Statement norm: IAS IAS IAS IAS
Balance Sheet
Intangible fixed
assets 4,998,800.0 3,906,600.0 3,931,600.0 3,661,500.0 30,926,000.0
Land and buildings 189,300.0 137,100.0 143,400.0
Other tangible
fixed assets 122,600.0 115,500.0 95,600.0
Tangible fixed
assets 311,900.0 252,600.0 239,000.0 229,300.0 2,457,000.0
Financial fixed
assets 8,300.0 42,300.0 17,200.0 28,600.0 82,000.0
other fixed assets 82,300.0 78,800.0 110,200.0 299,300.0 1,986,000.0
Fixed assets 5,401,300.0 4,280,300.0 4,298,000.0 4,218,700.0 35,451,000.0
Stocks 403,900.0 369,600.0 376,800.0 358,900.0 2,862,000.0
Trade accounts
receivable 615,400.0 509,700.0 514,500.0
Cash & Cash
Equivalents 175,700.0 136,900.0 120,900.0 112,800.0 1,430,000.0
Securities 52,900.0 39,100.0 9,800.0
other trade
accounts 60,400.0 49,200.0 53,400.0
Accruals 102,400.0 88,800.0 60,500.0
Other current
assets 391,400.0 314,000.0 244,600.0
Current assets 1,410,700.0 1,193,300.0 1,135,900.0 1,125,000.0 9,436,000.0
Total assets 6,812,000.0 5,473,600.0 5,433,900.0 5,343,700.0 44,887,000.0
Capital 79,300.0 78,800.0 78,500.0
Other shareholders
funds 3,379,500.0 2,761,000.0 2,663,300.0
Total shareholders equity 3,458,800.0 2,839,800.0 2,741,800.0 2,518,700.0 19,420,000.0
Minority interests 11,400.0 6,500.0 7,300.0 7,100.0 56,000.0
long term debt
(financial debts) 1,573,300.0 918,800.0 1,503,800.0 1,407,500.0 16,227,000.0
Provisions 153,600.0 75,300.0 79,400.0 119,900.0 727,000.0
Other non current
liabilities 368,800.0 302,400.0 293,900.0 275,600.0 2,099,000.0
Non current liabilities 2,095,700.0 1,296,500.0 1,877,100.0 1,803,000.0 19,053,000.0
short term debt
(financial debts) 457,600.0 680,300.0 187,600.0
Trade accounts
payable 166,600.0 159,000.0 156,300.0
Provisions 48,000.0 48,500.0 34,100.0
Accruals 443,600.0 343,800.0 345,000.0
other accounts
payable 130,300.0 99,200.0 84,700.0
other current
liabilities 621,900.0 491,500.0 463,800.0
Current liabilities 1,246,100.0 1,330,800.0 807,700.0 1,014,900.0 6,358,000.0
Shareh. equity, min. int. & liabilities 6,812,000.0 5,473,600.0 5,433,900.0 5,343,700.0 44,887,000.0
Profit and loss
account
Net sales 2,622,400.0 2,429,700.0 2,380,000.0 2,169,100.0 14,096,000.0
Other operating
revenue 52,900.0 40,100.0 42,200.0
Operating revenue 2,675,300.0 2,469,800.0 2,422,200.0
Cost of goods sold 1,107,900.0 1,081,800.0 1,078,900.0
Gross profit 1,567,400.0 1,388,000.0 1,343,300.0
Other operating
expenses 1,023,800.0 888,000.0 857,900.0
Operating result 543,600.0 500,000.0 485,400.0 431,100.0 1,750,000.0
Interest revenues 3,900.0 5,000.0 4,400.0
other financial
revenues 200.0 200.0 600.0
Financial income 4,100.0 5,200.0 5,000.0
Interest expenses 26,100.0 30,700.0 45,400.0
other financial
expenses 13,100.0 15,600.0 10,800.0
Financial expenses 39,200.0 46,300.0 56,200.0
Financial result -35,100.0 -41,100.0 -51,200.0
Result before extraordinary items 508,500.0 458,900.0 434,200.0
Extraordinary
Result 0.0 0.0 0.0
Result before taxes 508,500.0 458,900.0 434,200.0
Taxes 102,300.0 87,700.0 83,100.0
Result before
minority interests 406,200.0 371,200.0 351,100.0
minority interests 3,400.0 3,300.0 2,900.0
Result for the financial year 402,800.0 367,900.0 348,200.0 295,200.0 858,000.0
Cash flow
Depreciation 192,900.0 134,500.0 120,800.0
Cash flow 599,100.0 505,700.0 471,900.0
Cash flow from
operating activities 316,700.0 502,400.0 497,300.0
Investments in
tangible fixed assets 77,300.0 62,500.0 46,800.0
Cash flow from
investing activities -550,000.0 -289,400.0 -252,800.0
Cash flow from
financing activities 272,600.0 -170,700.0 -228,200.0
Others 13,300.0 3,000.0 -2,000.0
Change in
liquidity 52,600.0 45,300.0 14,300.0
Liquidity at
beginning of the year 176,000.0 130,700.0 116,400.0
Liquidity at end
of the year 228,600.0 176,000.0 130,700.0
Notes
Material costs 1,107,900.0 1,081,800.0 1,078,900.0
Cost of employees 145,800.0 137,800.0 140,400.0
Research and
Development 280,600.0 219,200.0 210,100.0
Added value 873,300.0 761,900.0 740,800.0
Working Capital 852,700.0 720,300.0 735,000.0
Net Current Assets 164,600.0 -137,500.0 328,200.0 110,100.0 3,078,000.0
Sales per Employee 166.2 168.0 173.0
Gross cost land
and buildings 253,200.0 190,800.0 194,600.0
Gross cost other
tangible fixed assets 417,700.0 387,100.0 372,000.0
Gross cost total 670,900.0 577,900.0 566,600.0
Employees at year end 15,783 14,462 13,754
Employees average 14,865 13,931 13,203
Employees inland 312 491 525
Employees abroad 15,471 13,971 13,229
Offices 40 40 40
No.
of Owner/-s: 1
Owner: The company is foreign
owned.
Class: 100%
Type: indirect, Group-Level
1
Name: Hexagon AB
City/Country: Stockholm , Sweden/SE
Interest: 100,00% voting right,
100,00% capital interest (since 2005)
Class: 100%
Name: Leica Geosystems AB
City/Country: Stockholm, Sweden/SE
Interest: 100,00% voting right,
100,00% capital interest
Class: 100%
Name: Leica Geosystems AS
City/Country: Herlev, Denmark/DK
Interest: 100,00% voting right,
100,00% capital interest
Class: 100%
Name: Leica Geosystems AS
City/Country: Oslo, Norway/NO
Interest: 100,00% voting right,
100,00% capital interest
Class: 100%
Name: Leica Geosystems
Austria GmbH
City/Country: Wien, Austria/AT
Interest: 100,00% voting right,
100,00% capital interest (since 04.01.2008)
Class: 100%
Name: Leica Geosystems BV
City/Country: Rijswijk, Netherlands/NL
Interest: 100,00% voting right,
100,00% capital interest
Class: 100%
Name: Leica Geosystems GIS
& Mapping Llc
City/Country: Atlanta/Georgia, United States
of America/US
Interest: 100,00% voting right,
100,00% capital interest
Class: 100%
Name: Leica Geosystems GmbH
Vertrieb
City/Country: München/Bayern, Germany/DE
Interest: 100,00% voting right,
100,00% capital interest
Class: 100%
Name: Leica Geosystems HDS
LLC
City/Country: Wilmington/Delaware, United
States of America/US
Interest: 100,00% voting right,
100,00% capital interest (since 2000)
Class: 100%
Name: Leica Geosystems
Holdings BV
City/Country: Rijswijk, Netherlands/NL
Interest: 100,00% voting right,
100,00% capital interest
Class: 100%
Name: Leica Geosystems
Holdings Inc
City/Country: Wilmington/Delaware, United
States of America/US
Interest: 100,00% voting right,
100,00% capital interest
Class: 100%
Name: Leica Geosystems Inc
City/Country: Wilmington/Delaware, United
States of America/US
Interest: 100,00% voting right,
100,00% capital interest
Class: 100%
Name: Leica Geosystems KK
City/Country: Tokyo, Japan/JP
Interest: 100,00% voting right,
100,00% capital interest
Class: 100%
Name: Leica Geosystems Lda
City/Country: Loures, Portugal/PT
Interest: 100,00% voting right,
100,00% capital interest
Class: 100%
Name: Leica Geosystems
Limited
City/Country: Tongwell/Milton Keynes, United
Kingdom/GB
Interest: 100,00% voting right,
100,00% capital interest
Class: 100%
Name: LEICA GEOSYSTEMS
LIMITED
City/Country: Quarry Bay, Hong Kong/HK
Interest: 100,00% voting right,
100,00% capital interest
Class: 100%
Name: Leica Geosystems Ltd
City/Country: Willowdale/Ontario, Canada/CA
Interest: 100,00% voting right,
100,00% capital interest
Class: 100%
Name: Leica Geosystems NV
City/Country: Machelen, Belgium/BE
Interest: 100,00% voting right,
100,00% capital interest (since 2003)
Class: 100%
Name: Leica Geosystems OOO
City/Country: Moscow, Russia/RU
Interest: 100,00% voting right,
100,00% capital interest (since 2003)
Class: 100%
Name: Leica Geosystems Pty
Ltd
City/Country: Chatswood, Australia/AU
Interest: 100,00% voting right,
100,00% capital interest
Class: 100%
Name: Leica Geosystems SA de
CV
City/Country: Mexico, Mexico/MX
Interest: 100,00% voting right,
100,00% capital interest
Class: 100%
Name: Leica Geosystems Sarl
City/Country: Le Pecq, France/FR
Interest: 100,00% voting right,
100,00% capital interest
Class: 100%
Name: Leica Geosystems SL
City/Country: Barcelona, Spain/ES
Interest: 100,00% voting right,
100,00% capital interest
Class: 100%
Name: Leica Geosystems SpA
City/Country: Cornegliano, Italy/IT
Interest: 100,00% voting right,
100,00% capital interest
Class: 100%
Name: Leica Geosystems
Technologies Pte Ltd
City/Country: Singapur, Singapore/SG
Interest: 100,00% voting right, 100,00%
capital interest (since 2004)
Class: 100%
Name: Leica Geosystems Trade
(Beijing) Co. Ltd
City/Country: Beijing, China/CN
Interest: 100,00% voting right,
100,00% capital interest (since 2003)
Class: 100%
Name: Leica Geosystems
(Wuhan) Co Ltd
City/Country: Wuhan, Christmas Island/CX
Interest: 100,00% voting right,
100,00% capital interest (since 2004)
Class: 100%
Name: Polymeca AG
City/Country: Heerbrugg/SG, Switzerland/CH
Interest: 100,00% voting right,
100,00% capital interest (since 1997)
Control date Year No. Amount CHF Status
14.05.2014 2014 0 Legal
actions
31.12.2013 2013 0 Legal
actions
31.12.2012 2012 0 Legal
actions
31.12.2011 2011 0 Legal
actions
31.12.2010 2010 0 Legal
actions
31.12.2009 2009 0 Legal
actions
31.12.2008 2008 0 Legal
actions
31.12.2007 2007 0 Legal
actions
31.12.2006 2006 0 Legal
actions
31.12.2005 2005 0 Legal
actions
31.12.2004 2004 0 Legal
actions
Official bankruptcy reports:
No bankruptcy publications available on the
subject.
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.
The company is not listed in the
WorldCompliance database.
Payment experiences from pre-legal
collection cases:
No payment experiences from pre-legal
collection cases are available.
Payment experiences from collection cases:
No payment experiences from legal collection
cases are available.
Mode of payment / Business conduct:
There are no complaints about the mode of
payment and the business conduct.
Note: The VAT number - CHE-116.304.245 MWST
- is the Group VAT number.
Financial
Situation: The financial situation
is good.
Payment
experiences: Payment habits are
considered good.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.63.38 |
|
|
1 |
Rs.99.13 |
|
Euro |
1 |
Rs.69.69 |
INFORMATION DETAILS
|
Analysis Done by
: |
DIV |
|
|
|
|
Report Prepared
by : |
NIT |
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.