|
Report No. : |
349713 |
|
Report Date : |
20.11.2015 |
IDENTIFICATION DETAILS
|
Name : |
BACHEM
AG |
|
|
|
|
Registered Office : |
Hauptstrasse
144 4416 Bubendorf/BL |
|
|
|
|
Country : |
Switzerland |
|
|
|
|
Financials (as on) : |
31.12.2014 |
|
|
|
|
Date of Incorporation : |
1971 |
|
|
|
|
Com. Reg. No.: |
280.3.006.599-4 |
|
|
|
|
Legal Form : |
Limited company |
|
|
|
|
Line of Business : |
·
Manufacture
of basic pharmaceutical products ·
Manufacture
of other chemical products n.e.c. |
|
|
|
|
No. of Employees : |
400 |
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 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 to 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 continue 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 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 from 2011-14.
In recent years, Switzerland has responded to increasing pressure from neighboring countries and trading partners to reform its banking secrecy laws, by agreeing 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, and is openly considering the possibility of imposing taxes on bank deposits held by foreigners.
|
Source
: CIA |
BACHEM AG
Operating
address:
Hauptstrasse
144
4416
Bubendorf/BL
Switzerland/CH
Telephone: 061 9352323
061 9352333
Fax: 061 9352325
Web
site: http://www.bachem.ch
E-mail: sales.ch@bachem.com
WIN
Worldbox No.: CH0005850877
VAT-No.: CHE-116.322.898
MWST
UID-No.: CHE110077298
Established: 1971
History: 2003: Limited
company
Line
of Business: Pharmaceutics,
Chemicals
Industry
Division: Manufacturing
Industry-code
(NACE): 2110 Manufacture of basic pharmaceutical products
2059 Manufacture of other chemical products
n.e.c.
Import/Export: Export
Banks: unknown
Coverage: Company
Figures: approximately
Financial
year: 2015
Employees: 400
Sales: CHF 95,000,000.--
The
company is an independent, technology-based, public biochemicals company
providing full service to the pharma and biotech industry.
-
Business responsibilities for products and services in Europe and Asia-Pacific
-
Sales and distribution center for active pharmaceutical ingredients (API) and
research grade products
-
Dedicated project management for customers' projects
-
Development and manufacturing of active pharmaceutical ingredients (API)
-
Peptides and complex organic molecules
-
Registered with and inspected by the FDA, Swissmedic and other national
authorities. Regulatory Documents
-
Manufacturing of research grade (non-GMP) products
-
Production of catalog products
-
Peptide research and development
-
Custom peptide synthesis
-
Production of peptides via solid-phase peptide synthesis (SPPS) and
solution-phase chemistry
-
Production of new chemical entities and generic APIs
Real
Estate: It is understood that the
company owns certain property.
Company
No: 280.3.006.599-4
UID-No.: CHE110077298
Legal
form: Company limited by shares
Registration: 05.06.2003
Legal
status: active
Responsible
Register: Handelsregister des Kantons
Basel-Landschaft
History: Date of Statutes: 06.06.2011
Date of Statutes: 17.06.2004
Date of Incorporation Statutes:
02.06.2003
Entry Deleted Name
05.06.2003 BACHEM AG
05.06.2003 BACHEM LTD (Name
translated)
05.06.2003 BACHEM SA (Name
translated)
Entry Deleted Legal domicile
05.06.2003 Bubendorf,
Switzerland
Entry Deleted Address
05.06.2003 Hauptstrasse
144, 4416 Bubendorf/BL, Switzerland/CH
Entry Deleted Capital
05.06.2003 Share Capital
CHF 25,000,000, paidup CHF 25,000,000
Entry Deleted Capital Structure
05.06.2003 25,000
Registered shares of CHF 1,000.--
Entry Deleted Branches
20.06.2014 Vionnaz,
Switzerland/CH
05.04.2011 20.06.2014 Route du Simplon 22, 1895 Vionnaz/VS, Switzerland/CH
Title Name
President Dr.
Thomas Früh
Citizen: Neckertal,
Switzerland
Residential address:
Magden, Switzerland
joint signature of two
Registered since:
05.06.2003
Director Dr. José de Chastonay
Citizen: Sierre,
Switzerland
Residential address:
Hägendorf, Switzerland
joint signature of two
Registered since:
02.08.2012
Director Dr. Alexander (Alex)
Fässler
Citizen: Rehetobel,
Switzerland
Residential address:
Arlesheim, Switzerland
joint signature of two
Registered since:
19.11.2013
Director Dr. Günther Loidl
Citizen: Germany
Residential address:
Rheinfelden , Germany
joint signature of two
Registered since:
13.01.2006
Director Stephan Schindler
Citizen: Basel,
Switzerland
Residential address:
Basel, Switzerland
joint signature of two
Registered since:
08.07.2010
Title Name
Director Dr.
Alexander (Alex) Fässler
Citizen:
Rehetobel, Switzerland
Residential
address: Arlesheim, Switzerland
joint
signature of two
Registered since:
19.11.2013
Deputy
Director Beat
Sax-Michel
Citizen:
Büttikon, Switzerland
Residential
address: Bubendorf, Switzerland
joint
signature of two
Registered
since: 05.06.2003
Vice-Director Uwe Gebhart
Citizen:
Germany
Residential
address: Müllheim, Germany
joint
signature of two
Registered
since: 19.11.2013
Vice-Director Dr. Gerhard
Haas
Citizen:
Germany
Residential
address: Rheinfelden , Switzerland
joint
signature of two
Registered
since: 05.06.2003
Vice-Director Dr. Tobias Hauck
Citizen:
Germany
Residential
address: Lörrach , Germany
joint
signature of two
Registered
since: 22.09.2014
Vice-Director Thomas Meier
Citizen:
Thundorf, Switzerland
Residential
address: 8200 Schaffhausen/SH, Switzerland
joint
signature of two
Registered
since: 14.06.2004
Vice-Director Dr. Walter Mühlecker
Citizen:
Austria
Residential
address: Ziefen, Switzerland
joint
signature of two
Registered
since: 10.08.2007
Vice-Director Dr. Ralph Schönleber
Citizen:
Germany
Residential
address: Lupsingen, Switzerland
joint
signature of two
Registered
since: 03.02.2012
Vice-Director Peter Seiz
Citizen:
Pfeffingen, Switzerland
Residential
address: Füllinsdorf, Switzerland
joint
signature of two
Registered
since: 03.02.2012
Vice-Director Dr. Anne-Kathrin Stoller
Citizen:
Germany
Residential
address: 4000 Basel/BS, Switzerland
joint
signature of two
Registered
since: 11.02.2010
Member
with procuration Andreas
Philipp Aemissegger
Citizen:
Winterthur, Switzerland
Residential
address: Binningen, Switzerland
joint
power of attorney of two
Registered
since: 21.04.2015
Member
with procuration Ehab Alramahy
Citizen:
Germany
Residential
address: Kaiseraugst, Switzerland
joint
power of attorney of two
Registered
since: 20.06.2014
Member
with procuration Dr. Franziska
Arnhold
Citizen:
Zürich, Switzerland
Residential
address: 4418 Reigoldswil/BL, Switzerland
joint
power of attorney of two
Registered
since: 17.05.2010
Member
with procuration Dr. Dirk
Bächle
Citizen:
Germany
Residential
address: Rheinfelden , Germany
joint
power of attorney of two
Registered
since: 15.12.2014
Member
with procuration Michael Simon
Berger
Citizen:
Linden, Switzerland
Residential
address: 4460 Gelterkinden/BL, Switzerland
joint
power of attorney of two
Registered
since: 02.01.2008
Member
with procuration Antonio
Comparone
Citizen:
Pratteln, Switzerland
Residential address: Pratteln/BL,
Switzerland
joint
power of attorney of two
Registered
since: 11.02.2010
Member
with procuration Boris
Corpataux
Citizen:
Giffers, Switzerland
Residential
address: Böckten, Switzerland
joint
power of attorney of two
Registered
since: 26.06.2013
Member
with procuration Dr. Frank
Dettner
Citizen:
Germany
Residential
address: Bubendorf, Switzerland
joint
power of attorney of two
Registered
since: 22.01.2014
Member
with procuration Dr. Martina
Diekmann
Citizen:
Germany
Residential
address: Bern, Switzerland
joint
power of attorney of two
Registered
since: 22.01.2014
Member
with procuration Dr. Jürg
Ehrler
Citizen:
Küssnacht SZ, Littau, Switzerland
Residential
address: Sursee/LU, Switzerland
joint
power of attorney of two
Registered
since: 05.06.2003
Member
with procuration Dr. Ralf
Eisenhuth
Citizen:
Germany
Residential
address: Basel, Switzerland
joint
power of attorney of two
Registered
since: 15.12.2014
Member
with procuration Christoph
Erdin
Citizen:
Gansingen, Switzerland
Residential
address: Rheinfelden, Switzerland
joint
power of attorney of two
Registered
since: 19.03.2014
Member
with procuration Markus Jäggli
Citizen: Winterthur, Switzerland
Residential
address: Ziefen, Switzerland
joint
power of attorney of two
Registered
since: 13.12.2004
Member
with procuration Georg Käser
Citizen:
Basel, Switzerland
Residential
address: Sissach, Switzerland
joint
power of attorney of two
Registered
since: 03.03.2009
Member
with procuration Dr. Herbert Jens Köditz
Citizen:
Germany
Residential
address: Bad Säckingen , Germany
joint
power of attorney of two
Registered
since: 21.04.2015
Member
with procuration Dr. Jens Ködiz
Citizen:
Germany
Residential
address: Bad Säckingen, Germany
joint
power of attorney of two
Registered
since: 21.04.2015
Member
with procuration Christoph
Meyer
Citizen:
Gebenstorf, Switzerland
Residential
address: Basel, Switzerland
joint
power of attorney of two
Registered
since: 01.03.2013
Member
with procuration Stefan Markus
Neimeier
Citizen:
Schaffhausen, Switzerland
Residential
address: 4402 Frenkendorf/BL, Switzerland
joint
power of attorney of two
Registered
since: 03.01.2007
Member
with procuration Dr. Margareta
Roos
Citizen:
Germany
Residential
address: Lörrach, Germany
joint
power of attorney of two
Registered
since: 03.10.2014
Member
with procuration Philipp
Rüegger
Citizen:
Rothrist, Switzerland
Residential
address: Lausen, Switzerland
joint
power of attorney of two
Registered
since: 19.03.2014
Member
with procuration Martines
Sägesser
Citizen:
Bannwil, Switzerland
Residential
address: Sissach, Switzerland
joint
power of attorney of two
Registered
since: 22.09.2014
Member
with procuration Dr. Georg
Maria Sambeth
Citizen:
Germany
Residential
address: Binningen, Switzerland
joint
power of attorney of two
Registered
since: 30.01.2015
Member
with procuration Dr. Daniel
Samson
Citizen:
Germany
Residential
address: Basel, Switzerland
joint
power of attorney of two
Registered
since: 22.01.2014
Member
with procuration Christian
Schütz
Citizen:
Germany
Residential
address: Bottmingen, Switzerland
joint
power of attorney of two
Registered
since: 25.03.2008
Member
with procuration Martin Thomas
Senn
Citizen:
Bettingen, Switzerland
Residential
address: Grellingen, Switzerland
joint
power of attorney of two
Registered
since: 29.05.2015
Member
with procuration Dr. Wolfgang
Seufert
Citizen:
Germany
Residential
address: Basel, Switzerland
joint
power of attorney of two
Registered
since: 15.12.2014
Member
with procuration Dr. Christian
Rudolf Stähelin
Citizen:
Basel, Switzerland
Residential
address: Basel/BS, Switzerland
joint
power of attorney of two
Registered
since: 02.01.2008
Member
with procuration Dr. Jan van
Bebber
Citizen:
Germany
Residential
address: Frenkendorf, Switzerland
joint
power of attorney of two
Registered
since: 03.03.2009
Member
with procuration Dr. Markus
Wiesner
Citizen:
Bubendorf, Switzerland
Residential
address: Seltisberg, Switzerland
joint
power of attorney of two
Registered
since: 30.01.2015
Member
with procuration Beat
Wyttenbach
Citizen:
Gerzensee, Switzerland
Residential
address: Augst, Switzerland
joint
power of attorney of two
Registered
since: 05.01.2015
Title Name
Auditor PricewaterhouseCoopers AG
Residential address: Basel,
Switzerland
Id: CHE-393.441.652
Registered since: 05.06.2003
Title Name
Chief
Executive Officer Dr. Alexander (Alex)
Fässler
Name: BACHEM HOLDING AG
City/Country: Bubendorf/BL, Switzerland/CH
No.
of owner/-s: 1
Owner: The company is domestic owned.
Class: 100%
Name: BACHEM HOLDING AG
City/Country: Bubendorf/BL, Switzerland/CH
Interest: 100,00% voting right, 100,00%
capital interest
Name: Bachem Americas Inc
City/Country: Torrance/California, United States of
America/US
Name: Bachem Distribution Services GmbH
City/Country: Weil am Rhein, Germany/DE
Name: Bachem (UK) Limited
City/Country: St.Helens/Merseyside, United Kingdom/GB
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.
CHF th. CHF th. CHF th. CHF th.
CHF
Statement norm: Local GAAP Local GAAP IAS IAS IAS
Balance Sheet
Intangible fixed
assets 8,025.0 9,435.0 20,195.0 20,026.0 18,221.0
Land and buildings 96,264.0 96,489.0 100,683.0 104,186.0 106,389.0
Other tangible
fixed assets 112,660.0 111,857.0 115,728.0 125,882.0 130,081.0
Tangible fixed
assets 208,924.0 208,346.0 216,411.0 230,068.0 236,470.0
Financial fixed
assets 0.0 0.0 1,520.0 3,110.0
other fixed assets 3,370.0 3,169.0 6,702.0 6,577.0 6,475.0
Fixed assets 220,319.0 220,950.0 243,308.0 258,191.0 264,276.0
Stocks 139,256.0 141,043.0 150,411.0 149,855.0 150,393.0
Trade accounts
receivable 43,401.0 33,134.0 28,942.0 25,519.0 22,132.0
Cash & Cash
Equivalents 29,494.0 38,721.0 27,934.0 20,302.0 17,980.0
Securities 1,734.0 0.0 0.0 0.0
other trade
accounts 1,486.0 1,856.0 3,555.0 5,033.0 2,563.0
Accruals 1,057.0 1,339.0 1,159.0 1,100.0 1,299.0
Other current
assets 32,037.0 43,650.0 32,648.0 26,435.0 21,842.0
Current assets 214,694.0 217,827.0 212,001.0 201,809.0 194,367.0
Total assets 435,013.0 438,777.0 455,309.0 460,000.0 458,643.0
Capital 680.0 680.0 680.0 680.0 680.0
Other shareholders
funds 348,451.0 335,758.0 326,143.0 333,257.0 358,359.0
Total shareholders equity 349,131.0 336,438.0 326,823.0 333,937.0 359,039.0
Minority interests 0.0 0.0 0.0 0.0 0.0
long term debt
(financial debts) 149.0 324.0 496.0 710.0 385.0
Other non current
liabilities 32,151.0 32,426.0 53,901.0 52,218.0 51,966.0
Non current liabilities 32,300.0 32,750.0 54,397.0 52,928.0 52,351.0
short term debt
(financial debts) 21,207.0 44,717.0 50,211.0 48,405.0 24,086.0
Trade accounts
payable 15,644.0 10,275.0 11,737.0 11,647.0 12,165.0
Accruals 9,881.0 8,565.0 6,688.0 5,002.0 5,083.0
other accounts
payable 6,850.0 6,032.0 5,453.0 8,081.0 5,919.0
other current
liabilities 16,731.0 14,597.0 12,141.0 13,083.0 11,002.0
Current liabilities 53,582.0 69,589.0 74,089.0 73,135.0 47,253.0
Shareh. equity, min. int. & liabilities 435,013.0 438,777.0 455,309.0 460,000.0 458,643.0
Profit and loss
account
Net sales 183,937.0 170,685.0 157,298.0 145,808.0 152,884.0
Other operating
revenue 2,747.0 442.0 590.0 932.0 474.0
Operating revenue 186,684.0 171,127.0 157,888.0 146,740.0 153,358.0
Cost of goods sold 120,733.0 111,036.0 106,459.0 102,670.0 100,347.0
Gross profit 65,951.0 60,091.0 51,429.0 44,070.0 53,011.0
Other operating
expenses 30,087.0 30,640.0 29,381.0 29,208.0 37,335.0
Operating result 35,864.0 29,451.0 22,048.0 14,862.0 15,676.0
Interest revenues 36.0 30.0 21.0 30.0 56.0
other financial
revenues 800.0 0.0 2.0 33.0 17,573.0
Financial income 836.0 30.0 23.0 63.0 17,629.0
Interest expenses 290.0 463.0 540.0 624.0 218.0
other financial
expenses 65.0 121.0 2,154.0 2,063.0 1,103.0
Financial expenses 355.0 584.0 2,694.0 2,687.0 1,321.0
Financial result 481.0 -554.0 -2,671.0 -2,624.0 16,308.0
Result before extraordinary items 36,345.0 28,897.0 19,377.0 12,238.0 31,984.0
Extraordinary
Result 0.0 0.0 0.0 0.0
Result before taxes 36,345.0 28,897.0 19,377.0 12,238.0 31,984.0
Taxes 7,280.0 5,293.0 4,077.0 2,829.0 3,687.0
Result before
minority interests 29,065.0 23,604.0 15,300.0 9,409.0 28,297.0
minority interests 0.0 0.0 0.0 0.0
Result for the financial year 29,065.0 23,604.0 15,300.0 9,409.0 28,297.0
Cash flow
Depreciation 19,224.0 17,918.0 22,306.0 18,341.0 18,036.0
Cash flow 48,289.0 41,522.0 37,606.0 27,750.0 46,333.0
Cash flow from
operating activities 47,218.0 49,230.0 36,871.0 24,609.0 38,110.0
Investments in
tangible fixed assets 13,806.0 9,646.0 7,298.0 9,126.0 16,165.0
Cash flow from
investing activities -10,047.0 -11,905.0 -9,791.0 -12,697.0 -18,728.0
Cash flow from
financing activities -47,347.0 -26,395.0 -19,192.0 -9,990.0 -13,360.0
Others 949.0 -143.0 -256.0 400.0 -512.0
Change in
liquidity -9,227.0 10,787.0 7,632.0 2,322.0 5,510.0
Liquidity at
beginning of the year 38,721.0 27,934.0 20,302.0 17,980.0 12,470.0
Liquidity at end
of the year 29,494.0 38,721.0 27,934.0 20,302.0 17,980.0
Notes
Material costs 120,733.0 111,036.0 106,459.0 102,670.0 100,347.0
Cost of employees 78,489.0 72,261.0 70,504.0 69,722.0 73,820.0
Research and
Development 2,426.0 2,077.0 1,739.0 2,056.0 6,760.0
Added value 134,348.0 119,539.0 112,727.0 100,925.0 124,058.0
Working Capital 167,013.0 163,902.0 167,616.0 163,727.0 160,360.0
Net Current Assets 161,112.0 148,238.0 137,912.0 128,674.0 147,114.0
Sales per Employee 258.7 262.9 243.9 217.3 228.9
Market
capitalisation 666,000.0 660,000.0 495,000.0 442,000.0 761,600.0
Gross cost land
and buildings 146,769.0 143,360.0 145,613.0 146,168.0 145,742.0
Gross cost other
tangible fixed assets 260,805.0 255,716.0 249,566.0 243,833.0 235,525.0
Gross cost total 407,574.0 399,076.0 395,179.0 390,001.0 381,267.0
Insurance value
total 351,750.0 347,772.0 345,092.0 333,005.0 335,553.0
Employees at year end 711 684 681 704 698
Full time units at
year end 711 649 645 671 668
It
is believed that the company has no investments.
Balance
sheet publication:
The
subject company does not publish balance sheet or turnover figures.
Control
date Year No. Amount CHF Status
22.12.2014 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 1 233.-- Paid legal actions
31.12.2010 2010 1 20,000,000.-- Opposition filed
31.12.2009 2009 0 Legal actions
31.12.2008 2008 0 Legal actions
31.12.2007 2007 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.
Dept
Collection Case:
DEC
2010: CHF 233.00, paid.
Note:
The VAT number - CHE-116.322.898 MWST - is the Group VAT number.
Financial
Statements: The company does not disclose
any financial statements. Third parties are not permitted any insight into the
financial affairs. It is therefore difficult to make a proper assessment of the
actual situation.
Financial
Situation: The financial situation
is good.
Payment
experiences: No complaints
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.66.11 |
|
UK Pound |
1 |
Rs.101.03 |
|
Euro |
1 |
Rs.70.71 |
INFORMATION DETAILS
|
Analysis Done by
: |
HEE |
|
|
|
|
Report Prepared
by : |
TRU |
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.