|
Report No. : |
327540 |
|
Report Date : |
20.06.2015 |
IDENTIFICATION DETAILS
|
Name : |
J. CHRISTOF GESELLSCHAFT M.B.H. |
|
|
|
|
Registered Office : |
Plabutscherstraße 115 A-8051 Graz Gösting |
|
|
|
|
Country : |
Austria |
|
|
|
|
Financials (as on) : |
31.12.2013 |
|
|
|
|
Date of Establishment : |
20.06.1988 |
|
|
|
|
Legal Form : |
Limited Liability Company |
|
|
|
|
Line of Business : |
|
|
|
|
|
No. of Employees : |
524 Exact (2015) |
RATING & COMMENTS
|
MIRA’s Rating : |
B |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
|
Status : |
Moderate |
|
|
|
|
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) |
|
Austria |
A2 |
A2 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
|
Moderate |
B1 |
|
High |
B2 |
|
Very High |
C1 |
|
Restricted |
C2 |
|
Off-credit |
D |
AUSTRIA - ECONOMIC OVERVIEW
Austria, with its well-developed market economy, skilled labor force, and high standard of living, is closely tied to other EU economies, especially Germany's. Its economy features a large service sector, a relatively sound industrial sector, and a small, but highly developed agricultural sector. Economic growth was anemic at less than 0.5% in 2013 and 2014, and; growth in 2015 is not expected to exceed 0.5%. Austria’s 5.6% unemployment rate, while low by European standards, is at an historic high for Austria. Without extensive vocational training programs and generous early retirement, the unemployment rate would be even higher. Public finances have not stabilized even after a 2012 austerity package of expenditure cuts and new revenues. On the contrary, in 2014, the government created a “bad bank” for the troubled nationalized “Hypo Alpe Adria” bank, pushing the budget deficit up by 0.9% of GDP to 2.4% and public debt to 84.5% of the GDP. Although Austria's fiscal position compares favorably with other euro-zone countries, it faces several external risks, such as Austrian banks' continued exposure to Central and Eastern Europe, repercussions from the Hypo Alpe Adria bank collapse, political and economic uncertainties caused by the European sovereign debt crisis, the current crisis in Russia/Ukraine, the recent appreciation of the Swiss Franc, and political developments in Hungary.
|
Source
: CIA |
J. CHRISTOF
GESELLSCHAFT M.B.H.
Plabutscherstraße 115
A-8051 Graz Gösting
|
Phone: |
(0043) 316 685500 |
|
Fax: |
(0043) 316 685500 - 800 |
|
E-mail: |
k.gruber@christof-group.at |
|
E-mail: |
office@christof-group.at |
|
Internet: |
http://www.christof-group.at |
ÖNACE 25110
70% Manufacture of metal structures and parts of structures
ÖNACE 42220 30% Construction of
utility projects for electricity and telecommunications
Financial
details can also be entered during the period, irrespective of the balance sheet
date.
|
total turnover (total sales) |
2014 |
EUR |
60.000.000,00 |
(estimated) |
|
total turnover (total sales) |
2013 |
EUR |
59.745.599,79 |
(exact) |
|
total turnover (total sales) |
2012 |
EUR |
51.704.062,14 |
(exact) |
|
total turnover (total sales) |
2011 |
EUR |
81.408.133,33 |
(exact) |
|
total turnover (total sales) |
2010 |
EUR |
91.823.510,26 |
(exact) |
|
turnover (sales) - abbreviated financial year |
2012 |
EUR |
51.704.062,14 |
(exact) |
|
total investments |
2013 |
EUR |
2.805.017,00 |
(exact) |
|
total company vehicles |
2015 |
|
80 |
(approx.) |
|
total employees |
2015 |
|
524 |
(exact) |
|
Company name |
J. Christof Gesellschaft m.b.H. |
|||||||||
|
Year of
incorporation |
1988 |
|||||||||
|
Type of company |
Manufacturing |
|||||||||
|
Legal form |
limited liability company since 1988-05-25 |
|||||||||
|
Companies House
number |
FN 47620 f Graz
since 1988-06-20 |
|||||||||
|
Import |
|
|||||||||
|
Export |
|
|||||||||
|
VAT number |
ATU 28797406 |
|||||||||
|
number - Austrian
National Bank |
917176 |
|||||||||
|
Last balance sheet: |
2013 |
|||||||||
|
Banking connection |
|
|
operational |
A-8051 Graz Gösting, Plabutscherstr. 115 |
registered office |
|
|
0043 316 685500 |
|
|
operational |
A-8051 Graz Gösting, Plabutscherstraße 115 |
registered headquarters, owned property |
|
|
0043 664 3259947 0043 316 685500 |
k.gruber@christof-group.at office@christof-group.at |
|
operational |
A-8101 Gratkorn, Conceptstraße 1 |
main administration |
|
operational |
A-1220 Wien, Lobgrundstraße 2 |
branch office, rented premises |
|
|
0043 1 2858716 |
|
|
operational |
A-6020 Innsbruck, Etrichgasse 34 |
branch agency, rented premises |
|
|
0043 512 345800 |
|
|
former |
A-1120 Wien, Altmannsdorferstraße 21-23/5/1 |
branch office |
|
former |
A-1210 Wien, Deublergasse 18 |
office |
|
former |
A-1010 Wien, Stadiongasse 5 |
office |
|
former |
A-2320 Schwechat, Concorde Businesspark C 2/14 |
office |
|
former |
A-8010 Graz, Glacisstraße 37 |
registered headquarters |
|
former |
A-1210 Wien, Gerasdorferstraße 151 |
branch office |
|
former |
A-8051 Graz Gösting, Plabutscherstraße 115 |
registered office |
|
Surname |
Date of birth |
Address |
Executive positions |
Further executive positions (as registered in the
companies' house) |
|
Johann Christof |
1960-09-13 |
A-8010 Graz Weg zum Reinerkogel 19 |
manager partner head of sales head of marketing head of
personnel |
7 |
|
MBA. Günter Dörflinger |
1957-03-22 |
A-8010 Graz Weg zum Reinerkogel 45 |
manager |
11 |
|
Mag. Gernot Schieszler |
1970-04-14 |
A-8043 Graz Kroisbach Schwarzbauerweg 16d |
manager |
3 |
|
Mag. Manfred Ferlitz |
1960-02-21 |
A-8042 Graz St. Peter Unterer Breitenweg 29a |
joint signing clerk head of accounting |
1 |
|
Ing. Peter Schidler |
1968-01-24 |
A-8081 Heiligenkreuz Waasen Edelstaudne 108 |
joint signing clerk |
0 |
|
Dipl-Ing. Gerhard Stroissnig |
1955-10-25 |
A-8054 Graz Straßgang Weblingerstraße 88g |
joint signing clerk |
0 |
|
Stefan Christof |
1977-12-09 |
MC-98000 Monaco Avenue des Citronniers 2 |
chairman of the supervisory board |
5 |
|
Johann Christof |
1938-12-04 |
A-8101 Gratkorn Hart 17 |
deputy chairman of the supervisory board |
3 |
|
Oliver Christof |
1980-08-26 |
MC-98000 Monaco Avenue des Citronniers Le Mira 2 |
member of the supervisory board |
2 |
|
Peter Kolleger |
1960-05-16 |
A-8152 Södingberg Södingberg 46 |
member of the supervisory board |
1 |
|
Wolfgang Nössing |
1960-09-07 |
A-8580 Köflach Spielplatzstraße 14 |
member of the supervisory board |
1 |
|
Johann Edler |
1944-12-13 |
A-8103 Rein Seelens 211 |
head of purchasing |
0 |
|
Michael Jud |
|
A-8051 Graz Gösting Plabutscherstraße 115(c/o) |
head of purchasing |
0 |
|
Mag. Josef Kormann |
|
A-8051 Graz Gösting Plabutscherstraße 115(c/o) |
head of EDP |
0 |
|
Company name |
Address |
Shareholdings in % |
Since |
Commercial register
no. |
|
Shares in this
company are held by: |
||||
|
Christof Holding AG |
A-8051 Graz Gösting Plabutscherstraße 115 |
99 % |
2003-08-05 |
FN 233467 i |
|
|
|
|
|
|
|
Johann Christof |
A-8010 Graz Weg zum Reinerkogel 19 |
1 % |
1993-09-08 |
|
|
|
|
|
|
|
|
This company holds
50% to 99% of the shares in: |
||||
|
anlagenbau holzmann Planungs- und Konstruktions- GmbH |
A-3400 Klosterneuburg Inkustraße 1-7/I/2/8 |
76 % |
2013-03-16 |
FN 272012 v |
|
Legal proceeding number 136198A |
||||
|
Opening of legal proceeding 2012-11-20 |
||||
|
Status quo of legal proceeding since 2013-02-27 |
||||
|
Legal proceeding code 07750 |
||||
|
Status quo of legal proceeding Reorganisation plan (without self administration) has been fulfilled |
||||
|
|
|
|
|
|
|
Affiliated
companies and further participations: |
||||
|
ARGE Fernwärmesysteme IMG-JCH |
A-8051 Graz Gösting Plabutscherstraße 115 |
|
1999-09-01 |
|
|
|
|
|
|
|
|
ARGE Tankserv Rohrer - J. Christof - KO-BRA |
A-8712 Proleb Landstraße 35 |
|
2005-08-01 |
|
|
|
|
|
|
|
|
ARGE Fernwärmesysteme IMG-JCH-2 |
A-8051 Thal Plabutscherstraße 115 |
|
2002-09-19 |
|
|
|
|
|
|
|
|
Schoeller-Bleckmann Nitec GmbH |
A-2630 Ternitz Hauptstraße 2 |
|
|
FN 142305 y |
|
|
|
|
|
|
|
CMB Maschinenbau & Handels GmbH |
A-8101 Gratkorn Conceptstrasse 1 |
|
|
FN 39631 g |
|
|
|
|
|
|
|
ace Apparatebau construction & engineering GmbH |
A-8501 Lieboch Hans Thalhammerstraße 18 |
|
|
FN 188824 h |
|
|
|
|
|
|
|
Christof International Management GmbH |
A-1010 Wien Eßlinggasse 17/2 |
|
|
FN 223131 i |
|
|
|
|
|
|
|
CW Business Air Bedarfsflug- unternehmen GmbH & Co KG |
A-8101 Gratkorn Conceptstraße 1 |
|
|
FN 285178 f |
|
|
|
|
|
|
|
CW - Immobilienverwaltungs GmbH & Co KG |
A-8051 Graz Gösting Plabutscherstraße 115 |
|
|
FN 293590 a |
|
|
|
|
|
|
|
Christof Electrics GmbH & Co KG |
A-1230 Wien Lastenstraße 19 |
|
|
FN 403235 v |
|
|
|
|
|
|
|
RIA Rohr- und Industrieanlagenbau- gesellschaft m.b.H. |
A-8010 Graz Glacisstraße 37 |
|
|
FN 145039 v |
|
|
|
|
|
|
|
PMS Elektro- und Automationstechnik GmbH |
A-9431 St. Stefan Lavanttal Wolkersdorf 46 |
|
|
FN 265578 g |
|
|
|
|
|
|
|
QSE Quality-Safety-Engineering GmbH |
A-8051 Graz Gösting Plabutscherstraße 115 |
|
|
FN 278407 y |
|
|
|
|
|
|
|
CW Business Air Bedarfsflugunternehmen GmbH |
A-8010 Graz Baumschulgasse 3 |
|
|
FN 285176 b |
|
|
|
|
|
|
|
J. Christof Apparatebau Beteiligungs GmbH |
A-8051 Graz Gösting Plabutscherstraße 115 |
|
|
FN 304732 k |
|
|
|
|
|
|
|
Greentech Energiesysteme GmbH |
A-8051 Graz Gösting Plabutscherstraße 115 |
|
|
FN 309764 k |
|
|
|
|
|
|
|
REP Renewable Energy Products GmbH |
A-8051 Graz Gösting Plabutscherstraße 115 |
|
|
FN 374959 k |
|
|
|
|
|
|
|
CW-Immobilienverwaltungs GmbH |
A-8101 Gratkorn Conceptstraße 1 |
|
|
FN 383733 p |
|
|
2013-12-31 |
|
Franchises, patents, licences, trademarks and similar rights and advantages |
14.647,84 |
|
Sum intangible assets |
14.647,84 |
|
Land and leasehold rights with buildings thereon including building on land owned by third parties |
4.077.018,46 |
|
Other operating and business equipment |
679.914,67 |
|
Technical plants and machines |
131.139,48 |
|
Sum tangible assets |
4.888.072,61 |
|
Shares on related firms |
237.638,89 |
|
Loans to related firms |
2.409.465,49 |
|
Other financial assets, values and securities of fixed assets |
286.956,78 |
|
Sum financial assets |
2.934.061,16 |
|
Sum fixed assets |
7.836.781,61 |
|
Raw-, auxiliary materials and supplies |
315.271,75 |
|
Outstanding service claims |
18.252.285,61 |
|
Received advanced payments for orders |
-12.366.966,51 |
|
Sum stock |
6.200.590,85 |
|
Claims from delivered goods and performed services |
10.166.559,84 |
|
Claims against related firmes Claims against companies with shareholding relationship |
16.564.192,54 |
|
Other claims and assets |
1.737.596,06 |
|
Sum claims |
28.468.348,44 |
|
Other securities |
502.238,30 |
|
Sum securities and shares |
502.238,30 |
|
Cash on hand, cheques and bank deposits |
150.157,86 |
|
Sum cash and bank |
150.157,86 |
|
Sum current assets |
35.321.335,45 |
|
Deferred charges |
48.729,12 |
|
Sum deferred charges |
48.729,12 |
|
Assets |
43.206.846,18 |
|
|
|
|
Subscribed/declared capital |
1.000.000,00 |
|
Not committed capital reserves |
6.010.016,05 |
|
Legal reserves |
100.000,00 |
|
Balance sheet profit/balance sheet loss |
-637.496,29 |
|
Thereof profit/loss carried forward |
971.644,62 |
|
Sum equity capital |
6.472.519,76 |
|
Other reserves before taxes |
167.530,51 |
|
Sum reserves before taxes |
167.530,51 |
|
Investment contributions |
125.876,60 |
|
Sum floor capital |
125.876,60 |
|
Reserves for severance pays |
6.587.055,33 |
|
Other reserves |
7.232.153,69 |
|
Sum reserves |
13.819.209,02 |
|
Liabilities against credit institutes |
11.265.397,66 |
|
Received advanced payments for orders |
277.532,36 |
|
Liabilities from delivered goods and performed services |
3.402.638,30 |
|
Liabilities against related firms |
1.199.723,60 |
|
Other liabilities |
6.476.418,37 |
|
Sum liabilities |
22.621.710,29 |
|
|
|
|
Liabilities |
43.206.846,18 |
|
Contingent liabilities |
12.150.000,00 |
|
Balance sheet sum |
43.206.846,18 |
|
|
2013-12-31 |
|
Gross sales |
59.745.599,79 |
|
Increase or decrease in finished and unfinished goods and in service claims |
9.113.996,89 |
|
Total turnover or gross profit |
68.859.596,68 |
|
|
|
|
Profits from retirement of fixed assets, except financial assets |
85.680,32 |
|
Income from dissolution of reserves |
5.805,77 |
|
Other operating profits |
5.265.619,65 |
|
Other operating profits totally |
5.357.105,74 |
|
|
|
|
Costs for obtained services |
-16.844.989,82 |
|
Material costs |
-7.312.420,05 |
|
Costs for obtained services totally |
-24.157.409,87 |
|
|
|
|
Wages |
-19.348.576,49 |
|
Salaries |
-7.466.724,09 |
|
Costs for severance pays |
-1.138.714,28 |
|
Legal fringe benefits and other payments depending on salaries |
-7.907.521,60 |
|
Other social fringe benefits |
-32.664,37 |
|
Personnel expenses totally |
-35.894.200,83 |
|
|
|
|
Depreciation of intangible assets, tangible assets,activated expenses for the set up and expansion of business operation |
-586.627,29 |
|
Depreciation tangible assets / intangible assets totally |
-586.627,29 |
|
|
|
|
Other operating costs |
-15.751.839,11 |
|
Other taxes |
-88.372,42 |
|
Total costs |
-15.840.211,53 |
|
|
|
|
Operating result totally |
-2.261.747,10 |
|
|
|
|
Income from other securities and loans of financial assets |
28.194,45 |
|
Profits from the retirement of and investment in financial assets and securities of current assets |
78.015,97 |
|
Interest income, securties income and similar income |
151.182,13 |
|
Disbursements from other financial assets and from securities of current assets (e.g. depreciations) |
-30.984,74 |
|
Interest and similar disbursements |
-375.025,91 |
|
Financial profits totally |
-148.618,10 |
|
|
|
|
Results from usual business activity totally |
-2.410.365,20 |
|
|
|
|
Taxes on income and profits |
717.181,81 |
|
Taxes on income and profits totally |
717.181,81 |
|
|
|
|
Annual surplus/annual deficit totally |
-1.693.183,39 |
|
|
|
|
Dissolution reserves before taxes |
131.474,17 |
|
Transfer to reserves before taxes |
-47.431,69 |
|
Reserves movements totally |
84.042,48 |
|
|
|
|
Annual profit/annual loss totally |
-1.609.140,91 |
|
|
|
|
Profit and loss carried forward from previous year |
971.644,62 |
|
Transfer of profits totally |
971.644,62 |
|
|
|
|
B/S profit/ B/S loss from profit and loss account |
-637.496,29 |
|
|
2013 |
|
Cashflow II |
-1.106.556,10 |
|
Bank indebtedness |
26,07 |
|
Equity capital share in % |
15,76 |
|
Social capital share |
15,24 |
|
Fixed assets coverage |
170,38 |
|
Net profit ratio |
-3,50 |
|
Capital turnover |
1,59 |
|
Return on investment in % |
-4,71 |
|
Cashflow in % of operating performance |
-1,60 |
|
Cashflow I |
-1.823.737,91 |
|
Gross productivity |
1,91 |
|
Net productivity |
1,24 |
|
Operating performance |
68.859.596,68 |
|
Inventories in % of operating performance |
9,00 |
|
Gross profit |
44.702.186,81 |
|
Last check |
2014-08-29 |
|
Entry number |
Cadastral community |
Journal number |
|
1762 |
Gösting ST 63112 |
7505/2009 |
|
Section A – type of
property: |
|
GST-NR G BA (NUTZUNG) FLäCHE GST-ADRESSE |
|
Section B – ownership structure: |
|
1 ANTEIL: 1/1 |
|
Section C –
encumbrances: |
|
1 a 5505/1940 4708/1957 |
|
firm (style) |
1 J. Christof Gesellschaft m.b.H. |
|
legal form |
1 Gesellschaft mit beschränkter Haftung |
|
registered office |
1 politischer Gemeinde Graz |
|
business adress |
1 Plabutscherstr. 115 |
|
capital |
9 EUR 1.000.000 |
|
reference date
annual accounts |
34 31. Dezember |
|
annual accounts |
40 zum 31.12.2013 eingereicht am
19.09.2014 |
|
consolidated
accounts |
13 zum 29.02.2004 eingereicht am
16.12.2004 |
|
power of
representation |
12 Mit Gesellschafterbeschluss oder durch
Beschluss der |
|
|
|
|
proxy |
|
|
C Mag. Manfred Ferlitz, geb.
21.02.1960 |
|
|
|
|
|
supervisory board |
|
|
H Stefan Christof, geb.
09.12.1977 |
|
|
|
|
|
managing director |
|
|
A Johann Christof, geb.
13.09.1960 |
|
|
|
|
|
shareholder |
|
|
A Johann Christof, geb.
13.09.1960 |
|
|
|
|
|
general table |
|
|
Landesgericht für ZRS Graz |
|
|
Year of
incorporation |
1988 |
|
Date of
registration |
1988-06-20 |
Change in share capital
|
from |
to |
asset |
|
|
|
2002-12-17 |
ATS |
1.500.000,00 |
|
2002-12-17 |
|
EUR |
1.000.000,00 |
Former executives
|
from |
to |
position |
name |
|
2004-08-19 |
2006-09-15 |
manager |
Dipl-Ing. Wolfgang Körner |
|
|
2010-11-17 |
manager |
Johann Christof |
|
2005-04-02 |
2011-04-16 |
manager |
Johann Edler |
|
2005-04-02 |
2012-06-14 |
manager |
Mag. Manfred Ferlitz |
|
2010-06-16 |
2012-09-11 |
manager |
Dipl-Ing. Wolfgang Körner |
|
|
2014-05-08 |
manager |
Dipl-Ing. Klaus Zink |
|
|
2004-08-19 |
individual signing clerk |
Johann Edler |
|
|
2004-08-19 |
individual signing clerk |
Mag. Manfred Ferlitz |
|
2004-08-19 |
2005-04-02 |
joint signing clerk |
Johann Edler |
|
2004-08-19 |
2005-04-02 |
joint signing clerk |
Mag. Manfred Ferlitz |
|
2005-04-02 |
2011-04-20 |
joint signing clerk |
Mag. Thomas Michael Sattler |
|
2011-02-11 |
2014-05-08 |
chairman of the supervisory board |
Johann Christof |
|
2011-02-11 |
2014-05-08 |
deputy chairman of the supervisory board |
Stefan Christof |
|
2011-02-11 |
2012-06-14 |
member of the supervisory board |
MBA. Günter Dörflinger |
|
2011-02-11 |
2012-06-14 |
member of the supervisory board |
Mag. Gernot Schieszler |
|
2012-06-14 |
2014-05-08 |
member of the supervisory board |
Johann Christof |
Former shareholdings
|
from |
to |
company
name |
|
2007-01-31 |
2011-04-28 |
CW
Business Air Bedarfsflugunternehmen GmbH |
|
2009-02-11 |
2011-04-30 |
CW Business
Air Bedarfsflug- unternehmen GmbH & Co KG |
|
|
2000-10-17 |
SAE
Vermietungsgesellschaft m.b.H. in Liqu. |
|
1998-12-24 |
2005-04-12 |
PMS
Elektrotechnik GmbH |
|
1999-11-16 |
2005-06-03 |
ace
Apparatebau construction & engineering GmbH |
|
2008-04-16 |
2008-07-08 |
J.
Christof Apparatebau Beteiligungs GmbH |
|
1998-06-03 |
2004-12-30 |
ICON
Anlagenbau GmbH |
|
1999-05-28 |
2005-06-02 |
Lasal
Anlagenbau GmbH |
|
1998-07-07 |
2005-09-27 |
Print
Radio Medienbeteiligungsges.m.b.H.in Liqu. |
Mergers
|
On |
position |
name |
|
2012-11-22 |
merged
with |
Tank
Farm Revamp GmbH |
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.63.82 |
|
UK Pound |
1 |
Rs.101.26 |
|
Euro |
1 |
Rs.72.36 |
INFORMATION DETAILS
|
Analysis Done by
: |
RAS |
|
|
|
|
Report Prepared
by : |
VNT |
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.