MIRA INFORM REPORT

 

 

Report No. :

504156

Report Date :

14.04.2018

 

 

 

IDENTIFICATION DETAILS

 

Name :

TCHIBO GMBH

 

 

Formerly Known As :

TCHIBO FRISCH-RÖST-KAFFEE GMBH

 

 

Registered Office :

Überseering 18 D 22297 Hamburg

 

 

Country :

Germany

 

 

Financials (as on) :

31.12.2013

 

 

Date of Incorporation :

1949

 

 

Com. Reg. No.:

HRB 43618

 

 

Legal Form :

Private Limited Company

 

 

Line of Business :

·         Processing of coffee and tea

·         Manufacture of other food products n.e.c.

·         Wholesale of coffee, tea, cocoa and spices

  • Non-specialized wholesale trade

 

 

No. of Employees :

12,200

 

 

 

 

 

RATING & COMMENTS

(Mira Inform has adopted New Rating mechanism w.e.f. 23rd January 2017)

 

MIRA’s Rating :

A

 

Credit Rating

Explanation

Rating Comments

A

Acceptable Risk

Business dealings permissible with moderate risk of default

 

Status :

Good

 

 

Payment Behaviour :

Regular

 

 

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

 

Country Name

Previous Rating

(30.09.2017)

Current Rating

(31.12.2017)

Germany

A1

A1

 

Risk Category

ECGC Classification

Insignificant

 

A1

Low Risk

 

A2

Moderately Low Risk

 

B1

Moderate Risk

 

B2

Moderately High Risk

 

C1

High Risk

 

C2

Very High Risk

 

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 a large increase in 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 economic 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. The German Government introduced a minimum wage in 2015 that increased to $9.79 (8.84 euros) in January 2017.

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 2017 Germany reached a budget surplus of 0.7%. 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 during 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 largely with renewable energy, which accounted for 29.5% of gross electricity consumption in 2016, 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. Domestic consumption, investment, and exports are likely to drive German GDP growth in 2018, and the country’s budget and trade surpluses are likely to remain high.

 

Source : CIA

 

Company name and address

 

TCHIBO GmbH

 

 Company Status:      active

                      Überseering 18

                      D 22297 Hamburg

                      Telephone:040/6387-0

                      Telefax:  040/6387-2600

                      Homepage: www.tchibo.com

                      E-mail:   presse@tchibo.de

 

 VAT no.:             DE811164447

 

 

 CONCLUSION

 

 Business relations are permissible.

 

 Company summery

 

 LEGAL FORM              Private limited company

 Date of foundation:      1949

 Shareholders'

 agreement:                   28.11.1989

 Registered on:             26.01.1990

 Commercial Register:   Local court 20355 Hamburg

 under:                          HRB 43618

 

 Share capital:                          EUR         40,500,000.00

 

 Shareholder:

                      maxingvest ag

                      Alter Wandrahm 17/18

                      D 20457 Hamburg

                      Legal form: Public limited company

                      Share capital:     EUR        125,000,000.00

                      Share:             EUR         40,500,000.00

                      Registered on: 08.05.1978

                      Reg. data: 20355 Hamburg, HRB 21337

                      Control and profit transfer agreement

 Manager:

                      Yves Marc Müller

                      Goernestr. 29

                      D 20249 Hamburg

                      authorized to jointly represent the company

                      born: 11.10.1969

                      Marital status: unknown

 Manager:

                      Ines Mareike von Jagemann

                      D 24159 Kiel

                      born: 31.07.1974

 Manager:

                      Carsten Dietrich Wehrmann

                      D 51427 Bergisch Gladbach

                      born: 05.10.1968

 Manager:

                      Senay Kücük Tansu

                      D 22297 Hamburg

                      born: 03.02.1970

 Manager:

                      Thomas Linemayr

                      D 22297 Hamburg

                      born: 13.10.1960

 Manager:

                      Erwin Hinteregger

                      D 22297 Hamburg

                      authorized to jointly represent the company

                      born: 19.04.1969

 President of the Supervisory Board:

                      Michael Herz

                      Agnesstr. 41

                      D 22301 Hamburg

                      born: 28.09.1943

                      Profession: Manager

                      Marital status: married

 Vice-president of the Supervisory Board:

                      Arno Bayer

                      D 24568 Kaltenkirchen

                      Marital status: unknown

 Member of the Supervisory Board:

                      Wolfgang Herz

                      Bellevue 18

                      D 22301 Hamburg

                      born: 25.05.1950

                      Profession: Businessman

                      Marital status: married

 Member of the Supervisory Board:

                      Thomas Holzgreve

                      D 23843 Bad Oldesloe

                      born: 25.02.1957

                      Profession: Fully qualified merchant

                      Marital status: unknown

 Member of the Supervisory Board:

                      Björn Gulden

                      In der Fleite 8

                      D 45529 Hattingen

                      born: 04.06.1965 in Zurich

                      Nationality: Norwegian

                      Marital status: married

 Member of the Supervisory Board:

                      Christian Jensen

                      Lottbeker Weg 101

                      D 22395 Hamburg

                      born: 27.04.1968

                      Marital status: unknown

 Member of the Supervisory Board:

                      Ralf Greim

                      Plettenberger Weg 9

                      D 28205 Bremen

                      Profession: Business consultant

                      Marital status: unknown

 Member of the Supervisory Board:

                      Emilja Mitrovic

                      D 20095 Hamburg

                      Profession: Author

                      Marital status: unknown

 Member of the Supervisory Board:

                      Martin Hansson

                      S  Malmö

                      born: 26.06.1975

                      Nationality: Swedish

                      Marital status: unknown

 Member of the Supervisory Board:

                      Werner Weber

                      D 65033 Wiesbaden

                      Profession: Business consultant

                      Marital status: unknown

 Member of the Supervisory Board:

                      Sabine Willers

                      D 22844 Norderstedt

                      Marital status: unknown

 Member of the Supervisory Board:

                      Katharina Sehne

                      D 20095 Hamburg

                      Marital status: unknown

 Proxy:

                      Rainer Schmetzer

                      D 68775 Ketsch

                      authorized to jointly represent the company

                      born: 15.07.1961

 Proxy:

                      Philip Walter Seitz

                      Ebertallee 16

                      D 22607 Hamburg

                      authorized to jointly represent the company

                      born: 15.08.1962

                      Profession: Solicitor

                      Marital status: unknown

 Proxy:

                      Wibke Bachor

                      Osterbekstr. 90a

                      D 22083 Hamburg

                      authorized to jointly represent the company

                      born: 06.08.1968

                      née: Harms

 Proxy:

                      Jochen Eckhold

                      D 22297 Hamburg

                      authorized to jointly represent the company

                      born: 01.12.1969

 Proxy:

                      Esref Önal Öncebe

                      D 22952 Lütjensee

                      authorized to jointly represent the company

                      born: 19.04.1963

 Proxy:

                      Marc-Stephan Heinsen

                      D 22844 Norderstedt

                      authorized to jointly represent the company

                      born: 19.08.1965

 Proxy:

                      Hamid Dastmalchian

                      D 22297 Hamburg

                      authorized to jointly represent the company

                      born: 08.11.1966

 Proxy:

                      Ralph Dirk Ludwig

                      D 40210 Düsseldorf

                      authorized to jointly represent the company

                      born: 19.09.1966

 

 Further functions/participations of Yves Marc Müller (Manager)

 Member of the Board of Directors:

                      HUGO BOSS AG

                      Dieselstr. 12

                      D 72555 Metzingen

                      Legal form: Public limited company

                      Share capital:     EUR         70,400,000.00

                      Registered

                      on:         01.09.1948

                      Reg. data:  70190 Stuttgart, HRB 360610

 

 Further functions/participations of Thomas Linemayr (Manager)

 Manager:

                      TCHIBO Produktions GmbH

                      Süderstr. 293

                      D 20537 Hamburg

                      Legal form: Private limited company

                      Share capital:     EUR          1,600,000.00

                      Registered

                      on:         04.01.2006

                      Reg. data:  20355 Hamburg, HRB 96004

 

 

COMPANY HISTORY

 

 company name and legal form

 28.11.1989 - 26.03.2004  TCHIBO Frisch-Röst-Kaffee GmbH

                          Überseering 18

                          D 22297 Hamburg

                          Private limited company

 

 

RESIGNED ACTING PERSONS AND SHAREHOLDERS

 

 04.11.2010 - 06.04.2017  Manager

                          Holger Bellmann

                          Große Str. 139

                          D 21075 Hamburg

 16.03.2011 - 24.02.2017  Member of the Supervisory Board

                          Prof. Dr. Reinhard Karl Georg Pöllath

                          D 80331 München

 16.03.2011 - 24.02.2017  Member of the Supervisory Board

                          Manfred Schmidt

                          CH Genf

 20.01.2006 - 09.01.2017  Manager

                          Dr. Markus Jochen Conrad

                          Goßlerstr. 24

                          D 22587 Hamburg

 17.07.2013 - 23.11.2015  Manager

                          Pieter Patrick Raming

                          D 22297 Hamburg

 16.05.2013 - 23.11.2015  Manager

                          Dr. Sven Axel Groos

                          D 20095 Hamburg

BUSINESS ACTIVITIES

 

Sectors

1083    Processing of coffee and tea

1089    Manufacture of other food products n.e.c.

46370   Wholesale of coffee, tea, cocoa and spices

46903   Non-specialized wholesale trade

 

 

BRANCHES AND FACTORIES

 

 Works:

                      TCHIBO GmbH

                      Max-Herz-Str. 5

                      D 92318 Neumarkt

 Works:

                      TCHIBO GmbH

                      Am Heisterbusch 11

                      D 19258 Gallin

                      TEL.: 01805/829000

 Branch:

                      TCHIBO GmbH

                      Altonaer Str. 40

                      D 25436 Tornesch

 Branch:

                      TCHIBO GmbH

                      Wendenstr. 464

                      D 20537 Hamburg

 Branch:

                      TCHIBO GmbH

                      Alexanderplatz 2

                      D 10178 Berlin

                      TEL.: 030-24720696

 Branch:

                      TCHIBO GmbH

                      Neue Eiler Str. 28

                      D 51145 Köln

 Branch:

                      TCHIBO GmbH

                      Bruchstr. 5c

                      D 45883 Gelsenkirchen

                      TEL.: 0209/9411212

 Branch:

                      TCHIBO GmbH

                      Pickhuben 5

                      D 20457 Hamburg

PARTICIPATIONS

 

 Limited partner:

                      TCHIBO Manufacturing GmbH & Co. KG

                      Überseering 18

                      D 22297 Hamburg

                      Legal form: Ltd partnership with priv. ltd.

                                  company as general partner

                      Company Status: active

                      Total cap.         EUR         36,500,000.00

                      contribution:

                      Share:             EUR         36,500,000.00

                      Reg. data:  12.01.2005

                                  Local court 20355 Hamburg

                                  HRA 101412

 Limited partner:

                      Next Commerce Accelerator

                      Beteiligungsgesellschaft mbH & Co. KG

                      Neuer Wall 10

                      D 20354 Hamburg

                      Legal form: Ltd partnership with priv. ltd.

                                  company as general partner

                      Company Status: active

                      Total cap.         EUR          1,220,000.00

                      contribution:

                      Share:             EUR            200,000.00

                      Reg. data:  17.05.2017

                                  Local court 20355 Hamburg

                                  HRA 121587

 Limited partner:

                      Meister-Kaffee GmbH & Co. Vertriebs

                      Kommanditgesellschaft

                      Überseering 18

                      D 22297 Hamburg

                      Legal form: Ltd partnership with priv. ltd.

                                  company as general partner

                      Company Status: active

                      Total cap.         EUR            102,258.38

                      contribution:

                      Share:             EUR             76,693.78

                      Reg. data:  25.11.2003

                                  Local court 20355 Hamburg

                                  HRA 99381

 Limited partner:

                      Tchibo Markenverwaltungs GmbH & Co. KG

                      Am Heisterbusch 11

                      D 19258 Gallin

                      Legal form: Ltd partnership with priv. ltd.

                                  company as general partner

                      Company Status: active

                      Total cap.         EUR            100,000.00

                      contribution:

                      Share:             EUR            100,000.00

                      Reg. data:  23.10.2007

                                  Local court 19053 Schwerin

                                  HRA 2757

 Limited partner:

                      Olymp Vermögensverwaltung GmbH & Co.

                      Dienstleistungs-KG

                      Am Heisterbusch 11

                      D 19258 Gallin

                      Legal form: Ltd partnership with priv. ltd.

                                  company as general partner

                      Company Status: active

                      Total cap.         EUR            100,000.00

                      contribution:

                      Share:             EUR             94,000.00

                      Reg. data:  04.08.2003

                                  Local court 19053 Schwerin

                                  HRA 2183

 Limited partner:

                      TCHIBO Mobilfunk GmbH & Co. KG

                      Überseering 18

                      D 22297 Hamburg

                      Legal form: Ltd partnership with priv. ltd.

                                  company as general partner

                      Company Status: active

                      Total cap.         EUR             25,000.00

                      contribution:

                      Share:             EUR             12,500.00

                      Reg. data:  12.12.2003

                                  Local court 20355 Hamburg

                                  HRA 99535

 Shareholder:

                      TCHIBO Produktions GmbH

                      Süderstr. 293

                      D 20537 Hamburg

                      Legal form: Private limited company

                      Company Status: active

                      Share capital:     EUR          1,600,000.00

                      Share:             EUR          1,600,000.00

                      Reg. data:  04.01.2006

                                  Local court 20355 Hamburg

                                  HRB 96004

 Shareholder:

                      G. C. Breiger & Company GmbH

                      Pickhuben 5

                      D 20457 Hamburg

                      Legal form: Private limited company

                      Company Status: active

                      Share capital:     EUR            925,000.00

                      Share:             EUR            925,000.00

                      Reg. data:  31.01.1988

                                  Local court 20355 Hamburg

                                  HRB 33715

 Shareholder:

                      International Coffee Partners GmbH

                      Am Sandtorpark 4

                      D 20457 Hamburg

                      Legal form: Private limited company

                      Company Status: active

                      Share capital:     EUR            175,000.00

                      Share:             EUR             25,000.00

                      Reg. data:  20.06.2001

                                  Local court 20355 Hamburg

                                  HRB 80448

 Shareholder:

                      TCHIBO Mobilfunk Beteiligungs- GmbH

                      Überseering 18

                      D 22297 Hamburg

                      Legal form: Private limited company

                      Company Status: active

                      Share capital:     EUR             25,000.00

                      Share:             EUR             12,500.00

                      Reg. data:  09.01.2004

                                  Local court 20355 Hamburg

                                  HRB 89386

 

 

 Payment experience:  cash discount/within agreed terms

 

 Negative information:We have no negative information at hand.

 

 

REAL ESTATE

 

 Type of ownership:       Tenant

 Address                       Überseering 18

                                    D 22297 Hamburg

 

 Real Estate of:             maxingvest ag

 Type of ownership:       proprietor

 Share:                          100.00 %

 Address                       Überseering 18

                                    D 22297 Hamburg

 

 Real Estate of:             maxingvest ag

 Type of ownership:       Tenant

 Address                       Alter Wandrahm 17/18

                                    D 20457 Hamburg

 

 Land register documents were not available.

 

 

 BANKERS

 

 Principal bank

 COMMERZBANK, 20454 HAMBURG

 Sort. code: 20040000

 BIC: COBADEHHXXX

 

 Further banks

 DEUTSCHE BANK, 20079 HAMBURG

 Sort. code: 20070000

 BIC: DEUTDEHHXXX

 SEB MERCHANT BANK HAMBURG, 20010 HAMBURG

 Sort. code: 20020200

 BIC: ESSEDEFFHAM

 

 

 FINANCIAL FIGURES

 Turnover:            2016               EUR      3,310,000,000.00

 Real estate of the firm:                EUR             66,886.00

 Employees:                                                 12,200

 

 Control and profit transfer agreement to:

                      maxingvest ag

                      Alter Wandrahm 17/18

                      D 20457 Hamburg

 

 

Financials

 

 BALANCE SHEETS

 

 Balance sheet ratios 01.01.2013 - 31.12.2013

 Equity ratio [%]:                 54.90

 Liquidity ratio:                   1.24

 Return on total capital [%]:      17.53

 

 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      1,180,449,139.00

  Fixed assets                           EUR        482,501,035.00

   Intangible assets                     EUR         43,079,745.00

    Concessions, licences, rights        EUR         38,019,556.00

    Advance payments for intang. assets  EUR          5,060,189.00

   Tangible assets                       EUR         77,862,985.00

    Land / similar rights                EUR             66,886.00

    Plant / machinery                    EUR          8,498,619.00

    Other tangible assets / fixtures and

    fittings                             EUR         67,301,342.00

    Advance payments made / construction

    in progress                          EUR          1,996,138.00

   Financial assets                      EUR        361,558,305.00

    Shares in participations /

    subsidiaries and the like            EUR        361,486,875.00

     Shares in related companies         EUR        354,845,757.00

     Shares in investee companies        EUR          6,641,118.00

    Other loans                          EUR             71,430.00

  Current assets                         EUR        696,152,461.00

   Stocks                                EUR        439,927,298.00

    Raw materials, consumables and

    supplies                             EUR         47,237,348.00

    Finished goods / work in progress    EUR        390,221,812.00

    Advance payments made                EUR          2,468,138.00

   Accounts receivable                   EUR        246,852,479.00

    Trade debtors                        EUR        130,292,063.00

    Amounts due from related companies   EUR        105,963,913.00

    Other debtors and assets             EUR         10,596,503.00

   Liquid means                          EUR          9,372,684.00

  Remaining other assets                 EUR          1,795,643.00

   Accruals (assets)                     EUR          1,066,394.00

   Active difference from asset

   offsetting                            EUR            729,249.00

 

 LIABILITIES                             EUR      1,180,449,139.00

  Shareholders' equity                   EUR        297,713,535.00

   Capital                               EUR         40,500,000.00

    Subscribed capital (share capital)   EUR         40,500,000.00

   Reserves                              EUR        257,213,535.00

    Capital reserves                     EUR        257,213,535.00

  Items between shareholders' equity and

  debt capital                           EUR         20,196,283.00

   Special items with reserve funds      EUR         20,196,283.00

  Provisions                             EUR        312,226,222.00

   Pension provisions and comparable

   provisions                            EUR        107,047,937.00

   Other / unspecified provisions        EUR        205,178,285.00

  Liabilities                            EUR        549,002,622.00

   thereof total due to shareholders     EUR        340,309,561.00

   Financial debts                       EUR          2,502,526.00

    Liabilities due to banks             EUR          2,502,526.00

   Other liabilities                     EUR        546,500,096.00

    Trade creditors (for IAS incl. bills

    of exchange)                         EUR         98,747,222.00

    Liabililties due to related companiesEUR        398,870,549.00

    Liabilities due to investee companiesEUR          3,656,156.00

    Unspecified other liabilities        EUR         45,226,169.00

     thereof liabilities from tax /

     financial authorities               EUR         31,320,664.00

     thereof liabilities from social

     security                            EUR            396,184.00

  Other liabilities                      EUR          1,310,477.00

   Deferrals (liabilities)               EUR          1,310,477.00

  Guarantees and other commitments       EUR         21,805,291.00

   Guarantees / warranties               EUR         21,805,291.00

    Guarantees                           EUR         21,805,291.00

 

 PROFIT AND LOSS ACCOUNT (cost-summary method) according to Comm.

 Code (HGB)

  Sales                                  EUR      2,911,596,351.00

  Inventory change + own costs (+/-)     EUR          3,926,124.00

   Capitalised own costs                 EUR          3,926,124.00

  Other operating income                 EUR        156,536,477.00

  Cost of materials                      EUR      1,687,667,308.00

   Raw materials and supplies, purchased

   goods                                 EUR      1,687,667,308.00

  Gross result (+/-)                     EUR      1,384,391,644.00

  Staff expenses                         EUR        294,358,718.00

   Wages and salaries                    EUR        243,416,547.00

   Social security contributions and

   expenses for pension plans and

   benefits                              EUR         50,942,171.00

  Total depreciation                     EUR         33,946,496.00

   Depreciation on tangible / intangible

   asssets (incl. start-up and exp. of

   bus.                                  EUR         33,946,496.00

  Other operating expenses               EUR        898,586,104.00

  Operating result from continuing

  operations                             EUR        157,500,326.00

  Result from participating interests

  (+/-)                                  EUR         64,964,271.00

   Expenses / income from participations EUR         64,964,271.00

    Income from transfer of profits      EUR         11,809,556.00

    Income from related companies        EUR         53,154,715.00

  Expenses for the transfer of losses    EUR          2,251,976.00

  Interest result (+/-)                  EUR        -13,110,724.00

   Interest and similar income           EUR            103,942.00

    thereof from related companies       EUR              9,987.00

   Interest and similar expenses         EUR         13,214,666.00

    thereof paid to related companies    EUR          1,938,557.00

  Other financial result                 EUR                674.00

   Income from securities and loans from

   financial assets                      EUR                674.00

  Financial result (+/-)                 EUR         49,602,245.00

  Result from ordinary operations (+/-)  EUR        207,102,571.00

  Expenses for transfer of profits to a

  parent company                         EUR        206,990,378.00

  Income tax / refund of income tax (+/-)EUR             -1,843.00

  Other taxes / refund of taxes          EUR           -110,350.00

  Tax (+/-)                              EUR           -112,193.00

  Annual surplus / annual deficit        EUR                  0.00

 

FOREIGN EXCHANGE RATES

 

Currency
Unit

Indian Rupees

US Dollar

1

INR 65.22

UK Pound

1

INR 92.77

Euro

1

INR 80.34

Euro

1

INR 80.51

 

Note : Above are approximate rates obtained from sources believed to be correct

 

 

INFORMATION DETAILS

 

Analysis Done by :

NIS

 

 

Report Prepared by :

TRU

 

 

RATING EXPLANATIONS

 

Credit Rating

Explanation

Rating Comments

A++

Minimum Risk

Business dealings permissible with minimum risk of default

A+

Low Risk

Business dealings permissible with low risk of default

A

Acceptable Risk

Business dealings permissible with moderate risk of default

B

Medium Risk

Business dealings permissible on a regular monitoring basis

C

Medium High Risk

Business dealings permissible preferably on secured basis

D

High Risk

Business dealing not recommended or on secured terms only

NB

New Business

No recommendation can be done due to business in infancy stage

NT

No Trace

No recommendation can be done as the business is not traceable

 

NB is stated where there is insufficient information to facilitate rating. However, it is not to be considered as unfavourable.

 

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 are as follows:

 

·         Financial condition covering various ratios

·         Company background and operations size

·         Promoters / Management background

·         Payment record

·         Litigation against the subject

·         Industry scenario / competitor analysis

·         Supplier / Customer / Banker review (wherever available)

 

PRIVATE & CONFIDENTIAL : This information is provided to you at your request, you having employed MIPL for such purpose. You will use the information as aid only in determining the propriety of giving credit and generally as an aid to your business and for no other purpose. You will hold the information in strict confidence, and shall not reveal it or make it known to the subject persons, firms or corporations or to any other. MIPL does not warrant the correctness of the information as you hold it free of any liability whatsoever. You will be liable to and indemnify MIPL for any loss, damage or expense, occasioned by your breach or non observance of any one, or more of these conditions

This report is issued at your request without any risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL) or its officials.