|
Report No. : |
346245 |
|
Report Date : |
17.10.2015 |
IDENTIFICATION DETAILS
|
Name : |
TEREX MHPS GMBH |
|
|
|
|
Registered Office : |
Forststr. 16 D 40597 Düsseldorf Post Box: 18 03 43, D 40570
Düsseldorf |
|
|
|
|
Country : |
Germany |
|
|
|
|
Financials (as on) : |
31.12.2013 |
|
|
|
|
Date of Incorporation : |
08.08.2002 |
|
|
|
|
Legal Form : |
Private limited company |
|
|
|
|
Line of Business : |
·
Manufacture of other general-purpose machinery
n.e.c. ·
Wholesale of other machinery, equipment and
supplies ·
Engineering activities in the field of
technical sectoral planning andengineering design ·
Media representation services |
|
|
|
|
No. of Employees : |
226 |
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 – March 31, 2015
|
Country Name |
Previous Rating (31.12.2014) |
Current Rating (31.03.2015) |
|
Germany |
A1 |
A1 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
|
Moderate |
B1 |
|
High |
B2 |
|
Very High |
C1 |
|
Restricted |
C2 |
|
Off-credit |
D |
GERMANY - ECONOMIC OVERVIEW
The German economy - the fifth largest economy in the world in PPP terms and Europe's largest - is a leading exporter of machinery, vehicles, chemicals, and household equipment and benefits from a highly skilled labor force. Like its Western European neighbors, Germany faces significant demographic challenges to sustained long-term growth. Low fertility rates and declining net immigration are increasing pressure on the country's social welfare system and necessitate structural reforms. Reforms launched by the government of Chancellor Gerhard SCHROEDER (1998-2005), deemed necessary to address chronically high unemployment and low average growth, contributed to strong growth and falling unemployment. These advances, as well as a government subsidized, reduced working hour scheme, help explain the relatively modest increase in unemployment during the 2008-09 recession - the deepest since World War II - and its decrease to 5.2% in 2014. The new German government introduced a minimum wage of about $11.60 (8.50 euros) per hour to take effect in 2015. Stimulus and stabilization efforts initiated in 2008 and 2009 and tax cuts introduced in Chancellor Angela MERKEL's second term increased Germany's total budget deficit - including federal, state, and municipal - to 4.1% in 2010, but slower spending and higher tax revenues reduced the deficit to 0.8% in 2011 and in 2012 Germany reached a budget surplus of 0.1%. The budget was essentially in balance in 2014. A constitutional amendment approved in 2009 limits the federal government to structural deficits of no more than 0.35% of GDP per annum as of 2016 though the target was already reached in 2012. The German economy suffers from low levels of investment, and a government plan to invest 15 billion euros 2016-18, largely in infrastructure, is intended to spur needed private investment. Following the March 2011 Fukushima nuclear disaster, Chancellor Angela MERKEL announced in May 2011 that eight of the country's 17 nuclear reactors would be shut down immediately and the remaining plants would close by 2022. Germany plans to replace nuclear power with renewable energy, which accounted for 27.8% of gross electricity consumption in 2014, up from 9% in 2000. Before the shutdown of the eight reactors, Germany relied on nuclear power for 23% of its electricity generating capacity and 46% of its base-load electricity production. Extremely low inflation, caused largely by low global energy prices and a weak euro, are expected to boost German GDP growth in 2015.
|
Source
: CIA |
Terex MHPS GmbH
Trade name:
DEMAG, Demag Cranes & Components
Forststr. 16
D 40597 Düsseldorf
Post Box:
18 03 43, D 40570 Düsseldorf
Telephone:0211/7102-0
Telefax: 0211/7102-1015
Homepage: www.demagcranes-ag.de
E-mail: mhps-presse@terex.com
Active
DE814661567
106/5770/2196
LEGAL FORM
Private limited company
Date of foundation:
08.08.2002
Shareholders'
agreement:
08.08.2002
Registered on:
01.04.2014
Commercial Register: Local
court 40227 Düsseldorf
under:
HRB 72305
Share capital: EUR
21,172,993.00
Shareholder:
Terex Deutschland GmbH
Industriestr. 3
D 76669 Bad Schönborn
Legal form: Private limited company
Share capital: EUR 5,001,001.00
Share: EUR 21,172,993.00
Registered on: 16.04.1985
Reg. data: 68159 Mannheim, HRB 230838
Manager:
Klaus Peter Hoffmann
D 58239 Schwerte
authorized to jointly represent the company
born: 29.04.1962
Manager:
Stoyan Filipov
USA Larchmont, New York
authorized to jointly represent the company
born: 26.06.1968
Nationality: USA
Manager:
Peter Pohlner
D 82166 Gräfelfing
authorized to jointly represent the company
born: 28.03.1957
Manager:
Dr. Mathias Dobner
D 41515 Grevenbroich
born: 19.02.1961
Profession: graduate engineer
Manager:
Mark Bennett
GB NN13 6JH Brackley, Northamptonshire
authorized to jointly represent the company
born: 22.10.1962
Nationality: British
Manager:
Susanna Schneeberger
S Bärsebeck
born: 14.07.1973
Nationality: Swedish
President of the Supervisory Board:
Dr. Michael Leue
D 20149 Hamburg
born: 21.05.1965
Profession: Businessman
Vice-president of the Supervisory Board:
Reinhard Möller
D 37170 Uslar
born: 1956
Member of the Supervisory Board:
Heribert Bussmann
D 45968 Gladbeck
born: 17.04.1957
Member of the Supervisory Board:
Eric I Cohen
USA - Westport CT
born: 19.10.1958
Profession: Solicitor
Nationality: USA
Member of the Supervisory Board:
Manfred Zaffke
D 37520 Osterode
born: 16.06.1957
Member of the Supervisory Board:
Giuseppe Di Lisa
D 47051 Duisburg
born: 28.07.1964
Member of the Supervisory Board:
Harry Hansen
D 40789 Monheim
born: 1967
Member of the Supervisory Board:
Kevin Barr
USA Wilton
born: 1959 in New York
Nationality: USA
Member of the Supervisory Board:
Oren George Shaffer
USA Naples
born: 1942 in Sharpsville/USA
Nationality: USA
Member of the Supervisory Board:
Ivonne Eisenblätter
D 58300 Wetter
Marital status: unknown
Member of the Supervisory Board:
Jens Mütze
D 44135 Dortmund
Marital status: unknown
Member of the Supervisory Board:
Boris Weidt
CH 8400 Winterthur
Profession: Solicitor
Nationality: Swiss
Marital status: unknown
Proxy:
Dr. Rainer Harkort
D 44309 Dortmund
authorized to jointly represent the company
born: 06.03.1958
Proxy:
Lutz Dowy
D 58636 Iserlohn
authorized to jointly represent the
company
born: 16.09.1964
Proxy:
Michael Eilers
D 58089 Hagen
authorized to jointly represent the company
born: 29.05.1958
Proxy:
Jutta Chalupa
Im Löhenbusch 24a
D 58119 Hagen
authorized to jointly represent the company
born: 12.05.1965
Marital status: married
Proxy:
Lutz Henschen
D 50667 Köln
authorized to jointly represent the company
born: 29.12.1952
Proxy:
Giuseppe Di Lisa
D 47051 Duisburg
authorized to jointly represent the company
born: 28.07.1964
Proxy:
Winfried Kopp
D 37434 Obernfeld
authorized to jointly represent the company
born: 25.03.1959
Proxy:
Jürgen Kehde
D 58300 Wetter
authorized to jointly represent the company
born: 19.07.1964
Proxy:
Klaus Bohnet
D 55576 Sprendlingen
authorized to jointly represent the company
born: 17.11.1960
Proxy:
Johann Meyer
Hansering 24
D 58339 Breckerfeld
authorized to jointly represent the company
born: 29.05.1959
Proxy:
Christian Mack
D 46236 Bottrop
authorized to jointly represent the company
born: 14.12.1972
Proxy:
Ralf Konnerth
D 40764 Langenfeld
authorized to jointly represent the company
born: 05.02.1963
Proxy:
Jan Christoph Schumacher
D 10115 Berlin
authorized to jointly represent the company
born: 22.05.1970
Proxy:
Kevin P. Bradley
USA Fairfield
authorized to jointly represent the company
born: 22.06.1962
Nationality: USA
Proxy:
Jimmy Vogel
D 41334 Nettetal
authorized to jointly represent the company
born: 23.12.1956
Proxy:
Thomas Wiesmann
D 58452 Witten
authorized to jointly represent the company
born: 06.06.1964
Proxy:
Thomas Chicarella
D 40210 Düsseldorf
authorized to jointly represent the company
born: 11.03.1962
Proxy:
Dr. Ralph Madenach
D 41460 Neuss
authorized to jointly represent the company
born: 08.05.1963
Marital status: unknown
Proxy:
Zoltan Gorta
CZ Slany
authorized to jointly represent the
company
born: 09.05.1976
Nationality: Czech
Proxy:
Frank Liesner
D 40210 Düsseldorf
authorized to jointly represent the company
born: 24.12.1972
Proxy:
Carolin Paulus
D 58300 Wetter
authorized to jointly represent the company
born: 14.01.1969
Proxy:
Alan Gaskin
D 40210 Düsseldorf
authorized to jointly represent the company
born: 31.03.1968
Proxy:
Scott Posner
USA Cross River, NY
authorized to jointly
represent the company
born: 30.10.1974
Nationality: USA
Proxy:
Bonita Lewis Bell
USA Fairfield
authorized to jointly represent the company
born: 07.08.1964
Nationality: USA
Further functions/participations of Klaus Peter Hoffmann
(Manager)
Manager:
Noell Crane Systems GmbH
Albert-Einstein-Str. 3
D 97080 Würzburg
Legal form: Private limited company
Share capital: EUR 515,000.00
Registered
on: 20.12.1999
Reg. data: 97070 Würzburg, HRB 6831
Further functions/participations of Peter Pohlner
(Manager)
Proxy:
Kranservice Rheinberg GmbH
Vinckeweg 15
D 47119 Duisburg
Legal form: Private limited company
Share capital: EUR 385,000.00
Registered
on: 20.02.2015
Reg. data: 47051 Duisburg, HRB
27276
Further functions/participations of Dr. Mathias Dobner
(Manager)
Proxy:
Kranservice Rheinberg GmbH
Vinckeweg 15
D 47119 Duisburg
Legal form: Private limited company
Share capital: EUR 385,000.00
Registered
on: 20.02.2015
Reg. data: 47051 Duisburg, HRB
27276
08.08.2002 - 02.06.2003
DCC HoldCo 3 (drei) GmbH
Trinkausstr. 7
D
40213 Düsseldorf
Private
limited company
02.06.2003 - 11.05.2006
DCC HoldCo 3 (drei) GmbH
Ruhrstr.
28
D
58300 Wetter
Private
limited company
11.05.2006 - 10.08.2006
Demag Cranes AG
Ruhrstr.
28
D
58300 Wetter
Public
limited company
10.08.2006 - 11.06.2013
Demag Cranes AG
Forststr.
16
D
40597 Düsseldorf
Public
limited company
11.06.2013 - 01.04.2014
Terex Material Handling & Port Solutions
AG
Forststr.
16
D
40597 Düsseldorf
Public
limited company
02.02.2012 - 01.04.2014
Vice-president of the
Supervisory Board
Josef
Berger
D
40210 Düsseldorf
02.02.2012 - 01.04.2014 Member of the Supervisory Board
Fred
Schumacher
D
70173 Stuttgart
25.10.2011 - 01.04.2014
President of the
Supervisory Board
Dr.
Michael Werner Ernestus
D
40597 Düsseldorf
25.10.2011 - 01.04.2014
Member of the
Supervisory Board
Dr.
Michael Leue
D
20149 Hamburg
25.10.2011 - 01.04.2014
Member of the
Supervisory Board
Brian
Jerome Henry
D
40597 Düsseldorf
11.04.2011 - 01.04.2014
Member of the Supervisory
Board
Horst
Jürgen Thelen
D
56075 Koblenz
10.07.2006 - 01.04.2014
Member of the
Supervisory Board
Reinhard
Möller
D
37170 Uslar
10.07.2006 - 01.04.2014
Member of the
Supervisory Board
Gerd
Uwe Boguslawski
D
37079 Göttingen
10.07.2006 - 01.04.2014
Member of the
Supervisory Board
Hubert
Rosenthal
D
58313 Herdecke
Main industrial sector
2829 Manufacture
of other general-purpose machinery n.e.c.
4669 Wholesale
of other machinery, equipment and supplies
71122 Engineering
activities in the field of technical sectoral
planning andengineering design
7312 Media
representation services
Works:
Terex MHPS GmbH
August-Bebel-Str. 2
D 37170 Uslar
TEL.: 05571/3020
FAX.: 05571/302220
Works:
Terex MHPS GmbH
Albert-Einstein-Str. 3
D 97080 Würzburg
Branch:
Terex MHPS GmbH
Ruhrstr. 28
D 58300 Wetter
TEL.: 02335/920
FAX.: 02335/927676
Branch:
Terex MHPS GmbH
Otto-von-Guericke-Ring 10a
D 65205 Wiesbaden
TEL.: 06122/1702210
Shareholder:
Noell Crane Systems GmbH
Albert-Einstein-Str. 3
D 97080 Würzburg
Legal form: Private limited company
Company Status: active
Share capital: EUR 515,000.00
Share: EUR 515,000.00
Reg. data: 20.12.1999
Local court 97070 Würzburg
HRB 6831
Payment experience:
Slow but correct
Negative information: Negative
information is known to us.
Balance sheet year:
2013
Debt collection:
Amount last entry:
2 07.09.2015
EUR
676.66
Type of ownership:
Tenant
Address
Forststr. 16
D 40597 Düsseldorf
Real Estate of:
Terex Deutschland GmbH
Type of ownership:
Tenant
Address
Cämmerswalder Str. 18 OT
Clausnitz
D 09623
Rechenberg-Bienenmühle
Real Estate of:
Terex Deutschland GmbH
Type of ownership:
Tenant
Address
Industriestr. 3
D 76669 Bad
Schönborn
Real Estate of:
Terex Deutschland GmbH
Type of ownership:
Tenant
Address
Daimlerstr. 5
D 74582 Gerabronn
Real Estate of:
Terex Deutschland GmbH
Type of ownership:
Tenant
Address
Erlbacher Str. 115
D 91541 Rothenburg
Real Estate of:
Terex Deutschland GmbH
Type of ownership:
Tenant
Address
Kraftwerkstr. 4
D 74564 Crailsheim
Land register documents were not available.
Principal bank
COMMERZBANK, 80704 MÜNCHEN
Sort. code: 70040041, Account no.: 223974700
BIC: COBADEFFXXX, IBAN: DE89700400410223974700
Turnover:
2013 EUR 46,642,002.00
2014 *EUR 48,000,000.00
Profit:
2013 EUR -62,567,938.00
further business figures:
Equipment:
EUR 1,778,121.00
Ac/ts receivable: EUR 123,755,201.00
Liabilities: EUR 35,249,389.00
Employees:
226
The business figures marked with an asterisk are
estimates based
on average values
in the line of business.
BALANCE SHEETS
Balance sheet ratios 01.01.2013 - 31.12.2013
Equity ratio [%]: 81.46
Liquidity ratio: 3.51
Return on total capital [%]: -15.81
Balance sheet ratios 01.10.2012 - 31.12.2012
Equity ratio [%]: 71.25
Liquidity ratio: 2.01
Return on total capital [%]: 15.14
Balance sheet ratios 01.10.2011 - 30.09.2012
Equity ratio [%]: 59.02
Liquidity ratio: 1.56
Return on total capital [%]: 4.21
Balance sheet ratios 01.10.2010 - 30.09.2011
Equity ratio [%]: 48.83
Liquidity ratio: 1.44
Return on total capital [%]: 6.53
Equity ratio
The equity ratio indicates the portion of the equity as
compared
to the total capital. The higher the equity ratio, the
better the
economic stability (solvency) and thus the financial
autonomy of
a company.
Liquidity ratio
The liquidity ratio shows the proportion between adjusted
receivables and net liabilities. The higher the ratio,
the lower
the company's financial dependancy from external
creditors.
Return on total capital
The return on total capital shows the efficiency and
return on
the total capital employed in the company. The higher the
return
on total capital, the more economically does the company
work
with the invested capital.
Type of balance
sheet:
Company balance sheet
Origin of the present
balance sheet:
self-disclosure
Financial year:
01.01.2013 - 31.12.2013
ASSETS EUR 347,704,831.34
Fixed assets EUR 221,506,243.56
Intangible assets EUR 1,654,489.00
Concessions, licences, rights EUR 1,649,189.00
Advance payments for intang. assets EUR 5,300.00
Tangible assets EUR 3,991,598.00
Land / similar rights EUR 2,213,477.00
Other tangible assets / fixtures and
fittings EUR 1,778,121.00
Financial assets EUR 215,860,156.56
Shares in participations /
subsidiaries and the like EUR 215,855,308.40
Shares in related companies EUR 215,855,308.40
Other loans EUR 4,848.16
Current assets EUR 123,775,716.25
Accounts receivable EUR 123,755,200.92
Trade debtors EUR 11,756.34
Amounts due from related companies EUR
122,142,868.98
Other debtors and assets EUR 1,600,575.60
Liquid means EUR 20,515.33
Remaining other assets EUR 2,422,871.53
Accruals (assets) EUR 2,422,871.53
LIABILITIES EUR 347,704,831.34
Shareholders' equity EUR 283,239,775.01
Capital EUR 21,172,993.00
Subscribed capital (share capital) EUR
21,172,993.00
Reserves EUR
191,775,534.19
Capital reserves EUR 191,775,534.19
Balance sheet profit/loss (+/-) EUR 70,291,247.82
Balance sheet profit / loss EUR 70,291,247.82
Provisions EUR 29,215,666.89
Pension provisions and comparable
provisions EUR 6,159,940.00
Provisions for taxes EUR 11,003,140.52
Other / unspecified provisions EUR 12,052,586.37
Liabilities EUR 35,249,389.44
Other liabilities EUR 35,249,389.44
Trade creditors (for IAS incl. bills
of exchange) EUR 648,794.92
Liabililties due to related companiesEUR 34,118,873.15
Unspecified other liabilities EUR 481,721.37
PROFIT
AND LOSS ACCOUNT (cost of sales method) according to Comm.
Code
(HGB)
Sales EUR 46,642,002.17
Manufacturing costs EUR 37,376,289.88
Gross result on sales EUR 9,265,712.29
Other operating income EUR 1,383,737.63
Other operating expenses EUR 11,326,115.26
Operating result from continuing
operations EUR -676,665.34
Result from participating interests
(+/-) EUR -60,118,643.46
Expenses for participations EUR 60,118,643.46
Expenses for other participations EUR
60,118,643.46
Interest result (+/-) EUR 4,706,857.29
Interest and similar income EUR 9,653,733.13
Interest and similar expenses EUR 4,946,875.84
Other financial result EUR 252.12
Income from securities and loans from
financial assets EUR 252.12
Financial result (+/-) EUR
-55,411,534.05
Result from ordinary operations (+/-) EUR
-56,088,199.39
Extraordinary expenses EUR 7,607,334.57
Extraordinary result (+/-) EUR -7,607,334.57
Income from assumption of loss by
parent company EUR 62,567,937.60
Income tax / refund of income tax
(+/-)EUR 1,127,596.36
Tax (+/-) EUR 1,127,596.36
Annual surplus / annual deficit EUR 0.00
Type
of balance
sheet: Company balance sheet
Origin
of the present
balance
sheet: electronic German Federal
Gazette
Financial
year: 01.10.2012 - 31.12.2012
ASSETS EUR 397,523,188.74
Fixed assets EUR 223,784,121.38
Intangible assets EUR 3,538,518.00
Concessions, licences, rights EUR 3,523,158.00
Advance payments for intang. assets EUR 15,360.00
Tangible assets EUR 4,382,723.00
Land / similar rights EUR 2,235,276.00
Other tangible assets / fixtures and
fittings EUR 2,147,447.00
Financial assets EUR 215,862,880.38
Shares in participations /
subsidiaries and the like EUR 215,855,308.40
Shares in related companies EUR 215,855,308.40
Other
loans EUR 7,571.98
Current assets EUR 170,367,906.28
Accounts receivable EUR 170,331,934.85
Trade debtors EUR 7,857.20
Amounts due from related companies EUR
169,733,394.06
Other debtors and assets EUR 590,683.59
Liquid means EUR 35,971.43
Remaining other assets EUR 3,371,161.08
Accruals (assets) EUR 3,371,161.08
LIABILITIES EUR 397,523,188.74
Shareholders' equity EUR 283,239,775.01
Capital EUR 21,172,993.00
Subscribed capital (share capital) EUR
21,172,993.00
Reserves EUR 191,775,534.19
Capital reserves EUR 191,775,534.19
Balance sheet profit/loss (+/-) EUR 70,291,247.82
Balance sheet profit / loss EUR 70,291,247.82
Provisions EUR 29,492,730.58
Pension provisions and comparable
provisions EUR 6,549,941.00
Provisions for taxes EUR 13,896,136.89
Other / unspecified provisions EUR 9,046,652.69
Liabilities EUR 84,790,683.15
Other liabilities EUR 84,790,683.15
Trade creditors (for IAS incl. bills
of exchange) EUR 888,444.29
Liabililties due to related
companiesEUR 81,982,803.25
Unspecified other liabilities EUR 1,919,435.61
Guarantees and other commitments EUR 61,816,000.00
Guarantees / warranties EUR 61,816,000.00
Guarantees EUR 61,816,000.00
PROFIT
AND LOSS ACCOUNT (cost of sales method) according to Comm.
Code
(HGB)
Sales EUR 13,502,244.62
Manufacturing costs EUR 9,902,454.11
Gross result on sales EUR 3,599,790.51
General administration expenses EUR 3,540,247.55
Other operating income EUR 676,448.10
Other operating expenses EUR 293,009.89
Operating result from continuing
operations EUR
442,981.17
Result from participating interests
(+/-) EUR 57,959,775.40
Expenses / income from participations
EUR 59,553,505.66
Income from transfer of profits EUR 59,553,505.66
Expenses for participations EUR 1,593,730.26
Interest result (+/-) EUR 1,169,380.17
Interest and similar income EUR 1,873,301.52
Interest and similar expenses EUR 703,921.35
Other financial result EUR 83.52
Income from securities and loans from
financial assets EUR 83.52
Financial result (+/-) EUR 59,129,239.09
Result from ordinary operations (+/-) EUR
59,572,220.26
Expenses for transfer of profits to a
parent company EUR 60,174,650.17
Income tax / refund of income tax
(+/-)EUR 602,429.91
Tax (+/-) EUR 602,429.91
Annual surplus / annual deficit EUR 0.00
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.64.97 |
|
UK Pound |
1 |
Rs.100.55 |
|
Euro |
1 |
Rs.73.99 |
INFORMATION DETAILS
|
Analysis Done by
: |
KAR |
|
|
|
|
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.