|
Report No. : |
328082 |
|
Report Date : |
23.06.2015 |
IDENTIFICATION DETAILS
|
Name : |
ABB S.R.O. |
|
|
|
|
Registered Office : |
Štětkova 1638/18 140 00 Praha 4 |
|
|
|
|
Country : |
Czech Republic |
|
|
|
|
Financials (as on) : |
31.12.2014 |
|
|
|
|
Date of Incorporation : |
20.07.1993 |
|
|
|
|
Legal Form : |
Private limited company |
|
|
|
|
Line of Business : |
Manufacture of electronic components. |
|
|
|
|
No. of Employee : |
3400 |
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 : |
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 – March 31, 2015
|
Country Name |
Previous Rating (31.12.2014) |
Current Rating (31.03.2015) |
|
Czech Republic |
A2 |
A2 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
|
Moderate |
B1 |
|
High |
B2 |
|
Very High |
C1 |
|
Restricted |
C2 |
|
Off-credit |
D |
CZECH REPUBLIC ECONOMIC OVERVIEW
The Czech Republic is a stable and prosperous market economy closely integrated with the EU, especially since the country's EU accession in 2004. The auto industry is the largest single industry, and, together with its upstream suppliers, accounts for nearly 24% of Czech manufacturing. The Czech Republic produced more than a million cars for the first time in 2010, over 80% of which were exported. While the conservative, inward-looking Czech financial system has remained relatively healthy, the small, open, export-driven Czech economy remains sensitive to changes in the economic performance of its main export markets, especially Germany. When Western Europe and Germany fell into recession in late 2008, demand for Czech goods plunged, leading to double digit drops in industrial production and exports. As a result, real GDP fell sharply in 2009. The economy slowly recovered in the second half of 2009 and registered weak growth in the next two years. In 2012 and 2013, however, the economy fell into a recession again, due both to a slump in external demand in the EU and to the government’s austerity measures, returning to weak growth in 2014. Foreign and domestic businesses alike voice concerns about corruption, especially in public procurement. Other long term challenges include dealing with a rapidly aging population, funding an unsustainable pension and health care system, and diversifying away from manufacturing and toward a more high-tech, services-based, knowledge economy.
|
Source
: CIA |
ABB S.R.O.
Štětkova 1638/18
140 00 Praha 4
telephone: 00420/ 234 322 110
telefax: 00420/ 234 322 113
e-mail: lucie.jandova@cz.abb.com
Web: www.abb.cz
|
Company
development |
Constant
company development |
(30) |
|
Order
situation |
Good
course of business |
(21) |
|
Terms of
payment |
mostly
within agreed terms, but partly also delayed |
(32) |
|
Business
connection |
Business
connections appear permissible |
(31) |
|
|
||
|
Legal form
|
Private limited company |
|
|
Foundation
|
20/07/1993 - Private limited company |
|
Comp.
Register |
20/07/1993, Krajský soud Ústí nad Labem, RegNr.: C 6829 |
|
Share
Capital |
20/07/1993 |
CZK |
100 000,- |
|
|
|
09/01/1995 |
CZK |
100 100 000,- |
|
|
|
05/08/2005 |
CZK |
1 020 000 000,- |
|
|
|
17/01/2006 |
CZK |
400 000 000,- |
|
|
Shareholders
|
ABB Asea
Brown Boveri Ltd |
CZK |
400 000 000,- |
|
|
Management
|
Hannu
Juhani Kristian Kasi (07.07.1962) |
|||
|
General
Data |
Deliveries of products for industrial
automation, securing complete solutions |
|
|
|
Main
activity: |
|
|
|
Former
name(s) |
|
|
ABB Elektro-Praga s.r.o. |
|
|
Trade
name(s) |
|
|
|
Export: |
76% |
|
|
Import: |
20% |
|
|
General
contacts: |
|
|
|
Address: |
|
|
Sokolovská 84-86, 186 00 Praha 8 |
|
|
Resslova 3, 466 02 Jablonec nad Nisou |
|
|
Vinohradská 184, 130 52 Praha 3 |
|
|
Branches
of the business: |
|
|
Rozváděče vysokého napětí,
přístrojové transformátory. senzory/high-current distributors, ..... |
|
|
Přístroje a rozváděče
nízkého napětí /Low-current apparatusses and distributors |
|
|
Domovní elektroinstalační materiál /
Electric installation material for houses |
|
|
Montáž rozváděčů a
řídicích systémů pro energetiku / Mounting of distributors and
control systems .. |
|
|
Kompletní opravy elektromotorů,
elektromagnetů a suchých transformátorů /Complete repairs........ |
|
|
Operační a kontaktní centrum,
Procesní Automatizace, Regional Execution Center, PS servis a prodej |
|
|
Projektování řídicích systémů
pro energetiku /Projection of control system for energetic |
|
|
Systémy pro energetiku, regionální
kancelář / Regional office |
|
|
Systémy pro energetiku, regionální
kancelář / Regional office |
|
|
Procesní automatizace, prodej náhradních
dílů |
|
|
Systémy pro energetiku |
|
|
Systémy pro energetiku |
|
|
Krkonošská 179, 468 41 Tanvald - Šumburk
nad Desnou |
|
|
Průmyslová 137, 541 01 Trutnov |
|
|
Procesní automatizace |
|
Staff |
2008 |
2661 employees |
|
|
2009 |
2700 employees |
|
|
2010 |
2736 employees |
|
|
2011 |
2998 employees |
|
|
2012 |
3209 employees |
|
|
2013 |
3332 employees |
|
|
2014 |
3472 employees |
|
|
2015 |
3400 employees |
|
Annual
Sales |
2005 |
actual sales |
CZK |
5 557 373 000,- |
|
|
|
2006 |
actual sales |
CZK |
6 518 706 000,- |
|
|
|
2007 |
actual sales |
CZK |
8 184 032 000,- |
|
|
|
2008 |
actual sales |
CZK |
8 831 638 000,- |
|
|
|
2009 |
actual sales |
CZK |
8 087 216 000,- |
|
|
|
2010 |
actual sales |
CZK |
9 382 312 000,- |
|
|
|
2011 |
actual sales |
CZK |
10 801 697 000,- |
|
|
|
2012 |
actual sales |
CZK |
12 152 958 000,- |
|
|
|
2013 |
actual sales |
CZK |
13 178 131 000,- |
|
|
|
2014 |
actual sales |
CZK |
13 821 483 000,- |
|
|
|
The company is not registered in the Central
register of executions. |
|
Property |
Property of the company: Plant site |
|
|
and further real estates |
|
Balance
sheets |
The enclosed balance of 2014 company's own
data, it is authenticated by the auditor. (31.12.2014 - 1 CZK) |
|
|
The enclosed profit/loss account of 2014
company's own data, it is authenticated by the auditor. (31.12.2014 - 1 CZK) |
|||
|
Auditor |
Ernst
& Young Audit, s.r.o. (Statistical number: 26704153) |
|
||
|
Remarks |
The company is a holder of certificates: ISO
9001 - Quality Management |
|
|
Business management: |
|
Bankers |
The Royal Bank of Scotland N.V., organizační
složka |
(5400) |
|
|
BALANCE |
31.12.2011 (CZK) |
31.12.2012 (CZK) |
31.12.2013 (CZK) |
31.12.2014 (CZK) |
|
r1 |
TOTAL ASSETS |
6 050 125 000 |
6 703 024 000 |
7 170 792 000 |
7 958 783 000 |
|
r2 |
Receivables for subscriptions |
0 |
0 |
0 |
0 |
|
r3 |
Fixed assets |
1 569 496 000 |
1 894 820 000 |
2 030 120 000 |
2 613 378 000 |
|
r4 |
Intangible fixed assets |
60 133 000 |
40 799 000 |
18 842 000 |
13 119 000 |
|
r6 |
Research and development |
17 000 |
51 000 |
916 000 |
559 000 |
|
r7 |
Software |
7 940 000 |
7 064 000 |
8 960 000 |
8 810 000 |
|
r8 |
Valuable rights |
48 779 000 |
27 874 000 |
6 969 000 |
|
|
r10 |
Other intangible fixed assets |
|
|
374 000 |
98 000 |
|
r11 |
Intangible fixed assets under construction |
3 397 000 |
5 810 000 |
1 623 000 |
3 652 000 |
|
r13 |
Tangible fixed assets |
1 509 363 000 |
1 854 021 000 |
2 011 278 000 |
2 600 259 000 |
|
r14 |
Lands |
46 235 000 |
132 793 000 |
133 183 000 |
133 362 000 |
|
r15 |
Constructions |
644 286 000 |
772 577 000 |
914 228 000 |
1 250 293 000 |
|
r16 |
Equipment |
600 686 000 |
656 827 000 |
703 664 000 |
873 035 000 |
|
r20 |
Tangible fixed assets under construction |
209 943 000 |
267 853 000 |
183 066 000 |
301 213 000 |
|
r21 |
Advance payments for tangible fixed assets |
8 213 000 |
23 971 000 |
77 137 000 |
42 356 000 |
|
r23 |
Long-term financial assets |
0 |
0 |
0 |
0 |
|
r31 |
Current assets |
4 424 640 000 |
4 738 068 000 |
5 074 814 000 |
5 296 624 000 |
|
r32 |
Inventory |
1 765 259 000 |
1 927 158 000 |
1 947 166 000 |
2 194 956 000 |
|
r33 |
Materials |
773 299 000 |
717 611 000 |
762 497 000 |
874 061 000 |
|
r34 |
Work in progress and semi-products |
666 088 000 |
940 157 000 |
903 926 000 |
1 085 838 000 |
|
r35 |
Finished products |
140 050 000 |
113 355 000 |
137 420 000 |
96 202 000 |
|
r37 |
Merchandise |
185 822 000 |
156 035 000 |
143 323 000 |
138 855 000 |
|
r39 |
Long-term receivables |
95 376 000 |
110 704 000 |
120 658 000 |
228 226 000 |
|
r40 |
Trade receivables |
5 387 000 |
486 000 |
3 146 000 |
128 108 000 |
|
r47 |
Deferred tax receivable |
89 989 000 |
110 218 000 |
117 512 000 |
100 118 000 |
|
r48 |
Short-term receivables |
2 535 469 000 |
2 658 768 000 |
2 841 917 000 |
2 792 153 000 |
|
r49 |
Trade receivables |
2 416 968 000 |
2 521 201 000 |
2 778 676 000 |
2 732 517 000 |
|
r50 |
Receivables from controlled and managed organizations |
60 000 000 |
|
|
|
|
r54 |
Due from state - tax receivable |
14 971 000 |
|
|
17 361 000 |
|
r55 |
Short-term deposits given |
40 495 000 |
108 334 000 |
52 362 000 |
35 462 000 |
|
r56 |
Estimated receivable |
1 966 000 |
3 880 000 |
4 024 000 |
4 822 000 |
|
r57 |
Other receivables |
1 069 000 |
25 353 000 |
6 855 000 |
1 991 000 |
|
r58 |
Short-term financial assets |
28 536 000 |
41 438 000 |
165 073 000 |
81 289 000 |
|
r59 |
Cash |
2 429 000 |
1 462 000 |
117 000 |
10 000 |
|
r60 |
Bank accounts |
26 107 000 |
39 976 000 |
164 956 000 |
81 279 000 |
|
r63 |
Accruals |
55 989 000 |
70 136 000 |
65 858 000 |
48 781 000 |
|
r64 |
Deferred expenses |
49 025 000 |
50 440 000 |
34 907 000 |
22 348 000 |
|
r66 |
Deferred income |
6 964 000 |
19 696 000 |
30 951 000 |
26 433 000 |
|
r67 |
TOTAL LIABILITIES |
6 050 125 000 |
6 703 024 000 |
7 170 792 000 |
7 958 783 000 |
|
r68 |
Equity |
1 376 561 000 |
1 857 062 000 |
2 908 979 000 |
3 014 067 000 |
|
r69 |
Registered capital |
400 000 000 |
400 000 000 |
400 000 000 |
400 000 000 |
|
r70 |
Registered capital |
400 000 000 |
400 000 000 |
400 000 000 |
400 000 000 |
|
r73 |
Capital funds |
0 |
0 |
65 000 000 |
65 000 000 |
|
r75 |
Other capital funds |
|
|
65 000 000 |
65 000 000 |
|
r78 |
Reserve funds, statutory reserve account for
cooperatives, and other retained earnings |
40 000 000 |
40 000 000 |
40 000 000 |
40 000 000 |
|
r79 |
Legal reserve fund / indivisible fund |
40 000 000 |
40 000 000 |
40 000 000 |
40 000 000 |
|
r81 |
Profit / loss - previous years |
231 180 000 |
231 180 000 |
1 417 062 000 |
1 203 979 000 |
|
r82 |
Retained earnings from previous years |
231 180 000 |
231 180 000 |
1 417 062 000 |
1 203 979 000 |
|
r84 |
Profit / loss - current year (+/-) |
705 381 000 |
1 185 882 000 |
986 917 000 |
1 305 088 000 |
|
r85 |
Liabilities |
4 670 879 000 |
4 844 071 000 |
4 259 085 000 |
4 942 166 000 |
|
r86 |
Reserves |
737 291 000 |
859 584 000 |
912 019 000 |
880 956 000 |
|
r90 |
Other reserves |
737 291 000 |
859 584 000 |
912 019 000 |
880 956 000 |
|
r91 |
Long-term payables |
372 666 000 |
372 821 000 |
372 649 000 |
0 |
|
r92 |
Trade payables |
51 000 |
206 000 |
34 000 |
|
|
r93 |
Payables to controlled and managed organizations |
372 615 000 |
372 615 000 |
372 615 000 |
|
|
r102 |
Short-term payables |
3 560 922 000 |
3 611 666 000 |
2 955 206 000 |
4 048 243 000 |
|
r103 |
Trade payables |
1 393 864 000 |
1 177 419 000 |
1 570 493 000 |
1 822 475 000 |
|
r104 |
Payables to controlled and managed organizations |
1 370 000 000 |
1 370 000 000 |
500 000 000 |
1 422 615 000 |
|
r107 |
Payroll |
77 180 000 |
89 544 000 |
89 441 000 |
94 698 000 |
|
r108 |
Payables to social securities and health insurance |
43 447 000 |
45 628 000 |
51 209 000 |
53 956 000 |
|
r109 |
Due from state - tax liabilities and subsidies |
13 963 000 |
155 110 000 |
56 287 000 |
55 744 000 |
|
r110 |
Short-term deposits received |
177 877 000 |
304 804 000 |
178 084 000 |
187 634 000 |
|
r112 |
Estimated payables |
287 523 000 |
451 078 000 |
301 216 000 |
308 362 000 |
|
r113 |
Other payables |
197 068 000 |
18 083 000 |
208 476 000 |
102 759 000 |
|
r114 |
Bank loans and financial accommodations |
0 |
0 |
19 211 000 |
12 967 000 |
|
r115 |
Long-term bank loans |
0 |
0 |
0 |
0 |
|
r116 |
Short-term bank loans |
0 |
0 |
19 211 000 |
12 967 000 |
|
r117 |
Short-term accommodations |
0 |
0 |
0 |
0 |
|
r118 |
Accruals |
2 685 000 |
1 891 000 |
2 728 000 |
2 550 000 |
|
r119 |
Accrued expenses |
2 685 000 |
1 111 000 |
602 000 |
503 000 |
|
r120 |
Deferred revenues |
|
780 000 |
2 126 000 |
2 047 000 |
|
|
profit/loss account |
31.12.2011 (CZK) |
31.12.2012 (CZK) |
31.12.2013 (CZK) |
31.12.2014 (CZK) |
|
a1 |
Turnover |
10 801 697 000 |
12 152 958 000 |
13 178 051 000 |
13 821 483 000 |
|
a2 |
Revenues from sold goods |
1 186 257 000 |
1 271 656 000 |
1 487 454 000 |
1 295 476 000 |
|
a3 |
Expenses on sold goods |
939 940 000 |
1 069 077 000 |
1 211 585 000 |
1 139 606 000 |
|
a4 |
Sale margin |
246 317 000 |
202 579 000 |
275 869 000 |
155 870 000 |
|
a5 |
Production |
9 732 741 000 |
11 139 756 000 |
11 713 612 000 |
12 717 220 000 |
|
a6 |
Revenues from own products and services |
9 615 440 000 |
10 881 302 000 |
11 690 597 000 |
12 526 007 000 |
|
a7 |
Change in inventory of own products |
85 118 000 |
231 831 000 |
-5 160 000 |
149 212 000 |
|
a8 |
Capitalization |
32 183 000 |
26 623 000 |
28 175 000 |
42 001 000 |
|
a9 |
Production consumption |
7 060 642 000 |
7 807 275 000 |
8 082 920 000 |
8 544 086 000 |
|
a10 |
Consumption of material and energy |
5 358 904 000 |
6 033 562 000 |
5 913 902 000 |
6 423 057 000 |
|
a11 |
Services |
1 701 738 000 |
1 773 713 000 |
2 169 018 000 |
2 121 029 000 |
|
a12 |
Added value |
2 918 416 000 |
3 535 060 000 |
3 906 561 000 |
4 329 004 000 |
|
a13 |
Personnel expenses |
1 596 595 000 |
1 899 124 000 |
2 074 765 000 |
2 226 522 000 |
|
a14 |
Wages and salaries |
1 159 118 000 |
1 386 793 000 |
1 507 527 000 |
1 621 662 000 |
|
a16 |
Social security expenses and health insurance |
389 115 000 |
459 722 000 |
508 165 000 |
545 034 000 |
|
a17 |
Other social expenses |
48 362 000 |
52 609 000 |
59 073 000 |
59 826 000 |
|
a18 |
Taxes and fees |
3 679 000 |
3 981 000 |
5 883 000 |
5 103 000 |
|
a19 |
Depreciations of intangible and tangible assets |
214 611 000 |
225 672 000 |
243 270 000 |
243 025 000 |
|
a20 |
Revenues from disposals of fixed assets and materials |
225 025 000 |
149 381 000 |
103 723 000 |
125 648 000 |
|
a21 |
Revenues from disposals of fixed assets |
3 137 000 |
8 406 000 |
590 000 |
987 000 |
|
a22 |
Revenues from disposals of materials |
221 888 000 |
140 975 000 |
103 133 000 |
124 661 000 |
|
a23 |
Net book value of disposed fixed assets and materials |
144 747 000 |
71 483 000 |
49 978 000 |
56 612 000 |
|
a24 |
Net book value of sold fixed assets |
2 020 000 |
5 939 000 |
361 000 |
2 826 000 |
|
a25 |
Net book value of sold material |
142 727 000 |
65 544 000 |
49 617 000 |
53 786 000 |
|
a26 |
Change in operating reserves and adjustments and complex deferred
costs ( + / - ) |
-24 633 000 |
131 967 000 |
69 364 000 |
-15 506 000 |
|
a27 |
Other operating revenues |
71 770 000 |
189 510 000 |
108 386 000 |
157 852 000 |
|
a28 |
Other operating expenses |
205 861 000 |
141 249 000 |
164 699 000 |
286 658 000 |
|
a31 |
Operating profit / loss |
1 074 351 000 |
1 400 475 000 |
1 510 711 000 |
1 810 090 000 |
|
a43 |
Interest revenues |
142 000 |
118 000 |
0 |
5 000 |
|
a44 |
Interest expenses |
17 927 000 |
38 200 000 |
18 545 000 |
12 159 000 |
|
a45 |
Other financial revenues |
452 202 000 |
538 848 000 |
443 188 000 |
345 225 000 |
|
a46 |
Other financial expenses |
612 461 000 |
446 947 000 |
718 530 000 |
510 339 000 |
|
a49 |
Profit / loss from financial operations ( transactions
) |
-178 044 000 |
53 819 000 |
-293 887 000 |
-177 268 000 |
|
a50 |
Income tax on ordinary income |
187 363 000 |
267 071 000 |
229 907 000 |
327 734 000 |
|
a51 |
Due tax |
171 551 000 |
287 300 000 |
237 201 000 |
310 340 000 |
|
a52 |
Tax deferred |
15 812 000 |
-20 229 000 |
-7 294 000 |
17 394 000 |
|
a53 |
Operating profit / loss ordinary activity |
708 944 000 |
1 187 223 000 |
986 917 000 |
1 305 088 000 |
|
a54 |
Extraordinary revenues |
2 000 |
95 000 |
|
|
|
a55 |
Extraordinary expenses |
3 565 000 |
1 436 000 |
|
|
|
a59 |
Operating profit / loss extraordinary activity |
-3 563 000 |
-1 341 000 |
0 |
0 |
|
a61 |
Profit / loss of current accounting period (+/-) |
705 381 000 |
1 185 882 000 |
986 917 000 |
1 305 088 000 |
|
a62 |
Profit / loss before tax (+/-) |
892 744 000 |
1 452 953 000 |
1 216 824 000 |
1 632 822 000 |
|
Operating cash flow |
494 918 000 |
1 123 117 000 |
1 262 704 000 |
1 437 981 000 |
|
|
Investment cash flow |
-322 503 000 |
-404 834 000 |
-353 280 000 |
-865 521 000 |
|
|
Financial cash flow |
-180 000 000 |
-705 381 000 |
-785 789 000 |
-656 244 000 |
|
|
Receivables more than 180 days after due date |
109 466 000 |
104 991 000 |
94 217 000 |
87 903 000 |
|
|
Liabilities more than 180 days after due date |
34 312 000 |
7 940 000 |
6 757 000 |
22 175 000 |
|
BALANCE INDICES |
|
31.12.2011 |
31.12.2012 |
31.12.2013 |
31.12.2014 |
|
Return on total assets ROA (in %) |
a62/r1 * 100 |
14,76 |
21,68 |
16,97 |
20,52 |
|
Return on equity ROE (in %) |
a62/r68 * 100 |
64,85 |
78,24 |
41,83 |
54,17 |
|
Return on sales ROS (in %) |
a62/a1 * 100 |
8,26 |
11,96 |
9,23 |
11,81 |
|
Turnover of receivables (in days) |
r49/a1 * 365 |
81,67 |
75,72 |
76,96 |
72,16 |
|
Turnover of liabilities (in days) |
r103/a1 * 365 |
47,10 |
35,36 |
43,50 |
48,13 |
|
Turnover of inventories (days) |
r32/a1 * 365 |
59,65 |
57,88 |
53,93 |
57,96 |
|
Net working capital (in ths. CZK) |
r31 - r102 - r116 - r117 |
863 718,00 |
1 126 402,00 |
2 100 397,00 |
1 235 414,00 |
|
Ratio of accounts payable to accounts receivable (in %) |
(r39+r48) / (r91+r102) * 100 |
66,88 |
69,51 |
89,02 |
74,61 |
|
Ratio of profit/loss to tangible assets (in%) |
r3 / a1 * 100 |
14,53 |
15,59 |
15,41 |
18,91 |
|
Current ratio |
r31 / (r102+r116+r117) |
1,24 |
1,31 |
1,71 |
1,30 |
|
Quick ratio |
(r58+r48) / (r102+r116+r117) |
0,72 |
0,75 |
1,01 |
0,71 |
|
Cash ratio |
r58 / (r102+r116+r117) |
0,01 |
0,01 |
0,06 |
0,02 |
|
Debt ratio I (in %) |
(1-r68/r67) * 100 |
77,25 |
72,30 |
59,43 |
62,13 |
|
Debt ratio II (in %) |
r85/r67 * 100 |
77,20 |
72,27 |
59,39 |
62,10 |
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.63.51 |
|
|
1 |
Rs.100.94 |
|
Euro |
1 |
Rs.72.32 |
INFORMATION DETAILS
|
Analysis Done by
: |
DIV |
|
|
|
|
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.