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MIRA INFORM REPORT
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Report No. : |
504554 |
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Report Date : |
24.04.2018 |
IDENTIFICATION DETAILS
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Name : |
EWM AG |
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Registered Office : |
Dr.-Günter-Henle-Str. 8, D 56271
Mündersbach |
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Country : |
Germany |
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Financials (as on) : |
31.12.2016 |
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Date of Incorporation : |
05.10.1956 |
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Com. Reg. No.: |
HRB 23726 |
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Legal Form : |
Public Limited Company |
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Line of Business : |
·
Manufacture
of electric motors, generators and transformators ·
Manufacture
of other electric equipment n.e.c. ·
Wholesale
of other equipment and accessories for machinery and technical supplies ·
Other
activities of head offices |
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No. of Employees : |
324 |
RATING & COMMENTS
(Mira Inform has adopted New Rating mechanism w.e.f. 23rd
January 2017)
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MIRA’s Rating : |
A |
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Credit Rating |
Explanation |
Rating Comments |
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A |
Acceptable Risk |
Business dealings permissible with
moderate risk of default |
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Status : |
Good |
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Payment Behaviour : |
No Complaints |
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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 |
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Risk Category |
ECGC Classification |
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Insignificant |
A1 |
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Low Risk |
A2 |
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Moderately Low Risk |
B1 |
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Moderate Risk |
B2 |
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Moderately High Risk |
C1 |
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High Risk |
C2 |
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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
EWM
AG
Company Status: Active
Dr.-Günter-Henle-Str. 8
D 56271 Mündersbach
Telephone:02680/1810
Telefax: 02680/181244
Homepage: www.ewm-group.com
E-mail: info@ewm-group.de
VAT No.
DE155190423
CONCLUSION
Business relations are permissible.
Company
Summary
LEGAL FORM Public
Limited Company
Date of foundation: 05.10.1956
Registered on: 04.09.2013
Commercial
Register: Local court 56410 Montabaur
under: HRB
23726
Share
capital
EUR 1,500,000.00
President of the Board of Directors:
Bernd Szczesny
Ringstr. 15-17
D 56271 Mündersbach
having sole power of
representation
born: 24.02.1945
Profession: Engineer
Marital status: married
Vice-president of the Board of Directors:
Michael Szczesny
Ringstr. 21
D 56271 Mündersbach
having sole power of
representation
born: 19.01.1954
Profession: Engineer
Marital status: married
Member of the Board of Directors:
Angelika Szczesny
Ringstr. 15-17
D 56271 Mündersbach
having sole power of
representation
born: 18.05.1949
née: Kluge
Marital status: married
Member of the Board of Directors:
Michael Karl Bersch
Ringstr. 29
D 56271 Mündersbach
having sole power of
representation
born: 15.11.1963
Profession: Management
expert
Marital status: single
Member of the Board of Directors:
Wiebke Szczesny-Bersch
Ringstr. 29
D 56271 Mündersbach
having sole power of
representation
born: 03.01.1981
née: Szczesny
Member of the Board of Directors:
Jan Szczesny
Rheinstr. 19
D 56271 Mündersbach
having sole power of
representation
born: 01.06.1982
Member
of the Board of Directors:
Robert Stöckl
D 57627 Hachenburg
born: 21.06.1959
Member of the Board of Directors:
Stefan Szczesny
Alexanderring 13
D 57627 Hachenburg
having sole power of
representation
born: 21.09.1969
President of the Supervisory Board:
Susanne Szczesny-Oßing
Am Hofacker 3
D 56249 Herschbach
born: 04.12.1964
née: Szczesny
Profession: Fully
qualified management
expert
Marital status: married
Vice-president of the Supervisory Board:
Marietta Szczesny
Großer Garten 6
D 56271 Mündersbach
born: 12.05.1957
née: Nieß
Profession: Businessman
Marital status: married
Member of the Supervisory Board:
Peter Kluge
D 57614 Wahlrod
Profession: Businessman
Marital status: unknown
Proxy:
Oliver Michael Hosch
D 89537 Giengen
having sole power of
representation
born: 21.01.1960
Further functions/participations of Bernd
Szczesny (President of the Board of
Directors)
Manager:
EWM Schweißfachhandels
GmbH
Dr.-Günter-Henle-Str. 8
D 56271 Mündersbach
Legal form: Private
limited company
Share capital: EUR 100,000.00
Registered
on: 14.12.2016
Reg. data: 56410 Montabaur, HRB 25316
Further functions/participations of
Michael Karl Bersch (Member of the Board of Directors)
Manager:
EWM Beratungs- und
Verwaltungs-GmbH
Dr.-Günter-Henle-Str. 8
D 56271 Mündersbach
Legal form: Private
limited company
Share capital: EUR 100,000.00
Registered
on: 15.10.2008
Reg. data: 56410 Montabaur, HRB 21290
Further functions/participations of Wiebke
Szczesny-Bersch (Member of the Board of Directors)
Shareholder:
EWM Industry GmbH
Dr.-Günter-Henle-Str. 8
D 56271 Mündersbach
Legal form: Private
limited company
Share capital: EUR 25,000.00
Share: EUR 6,250.00
Registered
on: 28.09.2015
Reg. data: 56410 Montabaur, HRB 24754
Manager:
EWM Schweißfachhandels
GmbH
Dr.-Günter-Henle-Str. 8
D 56271 Mündersbach
Legal form: Private
limited company
Share capital: EUR 100,000.00
Registered
on: 14.12.2016
Reg. data: 56410 Montabaur, HRB 25316
Further functions/participations of Jan
Szczesny (Member of the Board of Directors)
Shareholder:
EWM Industry GmbH
Dr.-Günter-Henle-Str. 8
D 56271 Mündersbach
Legal form: Private
limited company
Share capital: EUR 25,000.00
Share: EUR 6,250.00
Registered
on: 28.09.2015
Reg. data: 56410 Montabaur, HRB 24754
Further functions/participations of Stefan
Szczesny (Member of the Board of Directors)
Shareholder:
EWM Industry GmbH
Dr.-Günter-Henle-Str. 8
D 56271 Mündersbach
Legal form: Private
limited company
Share capital: EUR 25,000.00
Share: EUR 6,250.00
Registered
on: 28.09.2015
Reg. data: 56410 Montabaur, HRB 24754
COMPANY
HISTORY
Company name and legal form
29.07.1998 - 04.09.2013 EWM Hightec Welding GmbH
Dr.-Günter-Henle-Str.
8
D 56271 Mündersbach
Private limited
company
08.05.1995 - 29.07.1998 EWM High-Tech Precision Schweißtechnik
GmbH
D 56271 Mündersbach
Private limited
company
07.11.1988 - 08.05.1995 Elektrowerk Mündersbach
Verwaltungsgesellschaft
mbH
D 56271 Mündersbach
Private limited
company
27.11.1957 - 07.11.1988 Elektrowerk Mündersbach GmbH
D 56271 Mündersbach
Private limited
company
RESIGNED ACTING PERSONS AND SHAREHOLDERS
27.09.2013 - 29.07.2015 Member of the Board of Directors
Susanne
Szczesny-Oßing
Am Hofacker 3
D 56249 Herschbach
30.10.2013 - 28.07.2015 President of the Supervisory Board
Bernd Szczesny
Ringstr. 15-17
D 56271 Mündersbach
BUSINESS
ACTIVITIES
Main
industrial sector
27110
Manufacture of electric motors, generators and transformators
27900
Manufacture of other electric equipment n.e.c.
46693
Wholesale of other equipment and accessories for machinery and technical
supplies
70109
Other activities of head offices
BRANCHES
AND FACTORIES
Works:
EWM AG
Dr.-Günter-Henle-Str. 4
D 56271 Mündersbach
Works:
EWM AG
Forststr. 7-13
D 56271 Mündersbach
Branch:
EWM AG
Eiserfelder Str. 300
D 57080 Siegen
Reg. entry: 08.09.2014
Branch:
EWM AG
Grünauer Fenn 4
D 14712 Rathenow
Reg. entry: 08.09.2014
Branch:
EWM AG
Sachsstr. 28
D 50259 Pulheim
Reg. entry: 08.09.2014
Branch:
EWM AG
Sälzer Str. 20a
D 56235 Ransbach-Baumbach
TEL.: 02623/92760
FAX.: 02623/9276244
Reg. entry: 08.09.2014
Branch:
EWM AG
Rudolf-Winkel-Str. 7-9
D 37079 Göttingen
Reg. entry: 08.09.2014
Branch:
EWM AG
August-Horch-Str. 13a
D 56070 Koblenz
Reg. entry: 25.02.2015
Branch:
EWM AG
Gadastr. 18a
D 85232 Bergkirchen
Reg. entry: 01.02.2017
Branch:
EWM AG
Heinkelstr. 8
D 89231 Neu-Ulm
Reg. entry: 06.09.2017
Branch:
EWM AG
Karlsdorfer Str. 43
D 88069 Tettnang
Reg. entry: 06.09.2017
Branch:
EWM AG
Gewerbestr. 8
D 01683 Nossen
Reg. entry: 15.01.2018
PARTICIPATIONS
Shareholder:
EWM Beratungs- und
Verwaltungs-GmbH
Dr.-Günter-Henle-Str. 8
D 56271 Mündersbach
Legal form: Private
limited company
Company Status: active
Share capital: EUR 100,000.00
Share: EUR 100,000.00
Reg. data: 15.10.2008
Local court
56410 Montabaur
HRB 21290
Shareholder:
EWM Schweißfachhandels GmbH
Dr.-Günter-Henle-Str. 8
D 56271 Mündersbach
Legal form: Private
limited company
Company Status: active
Share capital: EUR 100,000.00
Share: EUR 100,000.00
Reg. data: 14.12.2016
Local court
56410 Montabaur
HRB 25316
Shareholder:
TEAMWELDER Germany GmbH
Sälzer Str. 20a
D 56235 Ransbach-Baumbach
Legal form: Private
limited company
Company Status: active
Share capital: EUR 25,000.00
Share: EUR 25,000.00
Reg. data: 20.07.2015
Local court
56410 Montabaur
HRB 24667
Shareholder:
EWM Hightec Welding
Automation GmbH
Boxbachweg 4
D 08606 Oelsnitz
Legal form: Private
limited company
Company Status: insolvent
since: 10.09.2014
Share capital: EUR 25,564.59
Share: EUR 4,601.63
Reg. data: 11.12.1990
Local court
09112 Chemnitz
HRB 1612
FINANCIAL
INFORMATION
Payment experience: Within
agreed terms
Negative information: We have no negative information at hand.
Balance sheet year: 2016
REAL
ESTATE
Type
of ownership: proprietor
Share: 100.00 %
Address Dr.-Günter-Henle-Str. 8
D 56271 Mündersbach
Value at selling price: EUR 2,703,401.00
Type
of ownership: proprietor
Share: 100.00 %
Address Grünauer Fenn 4
D 14712 Rathenow
Type
of ownership: proprietor
Share: 100.00 %
Address Sälzer Str. 20a
D 56235 Ransbach-Baumbach
Type
of ownership: proprietor
Share: 100.00 %
Address Dr.-Günter-Henle-Str. 4
D 56271 Mündersbach
Land register documents were not available.
BANKERS
A bank connection is unknown.
FINANCIAL
FIGURES
Turnover: 2016 EUR 47,787,159.00
2017 EUR 55,000,000.00
Profit: 2016 EUR 1,461,283.00
further business figures:
Equipment: EUR 887,372.00
Ac/ts receivable: EUR 9,271,306.00
Liabilities: EUR 15,910,108.00
Real
estate of the firm:
EUR 2,703,401.00
Employees: 324
-
thereof permanent staff: 291
-
Part-time employees: 33
BALANCE
SHEETS
Balance sheet ratios 01.01.2016 - 31.12.2016
Equity ratio [%]: 46.48
Liquidity ratio: 0.60
Return on total capital [%]: 4.42
Balance sheet ratios 01.01.2015 - 31.12.2015
Equity ratio [%]: 42.24
Liquidity ratio: 0.54
Return on total capital [%]: 4.63
Balance sheet ratios 01.01.2014 - 31.12.2014
Equity ratio [%]: 37.44
Liquidity ratio: 0.48
Return on total capital [%]: 3.68
Balance sheet ratios 01.01.2013 - 31.12.2013
Equity ratio [%]: 41.13
Liquidity ratio: 0.63
Return on total capital [%]: 5.37
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: electronic German Federal Gazette
Financial year: 01.01.2016 - 31.12.2016
ASSETS EUR 33,089,564.28
Fixed assets
EUR 13,936,215.52
Intangible assets
EUR 1,938,732.00
Internally generated industrial
property rights and similar rights
and assets
EUR 1,150,110.50
Concessions, licences, rights
EUR 788,621.50
Tangible assets
EUR 3,826,114.07
Land / similar rights
EUR 2,703,400.50
Plant / machinery
EUR 235,342.00
Other tangible assets / fixtures and
fittings
EUR 887,371.57
Financial assets
EUR 8,171,369.45
Shares in participations /
subsidiaries and the like EUR 6,399,429.39
Shares in related companies
EUR 6,398,878.89
Shares in cooperatives
EUR 50.00
Shares in investee companies
EUR 500.50
Loans to participations /
subsidiaries and the like
EUR 1,771,940.06
Loans to related companies
EUR 1,771,940.06
Current assets
EUR 18,658,262.61
Stocks
EUR 9,230,791.62
Raw materials, consumables and
supplies
EUR 2,577,860.29
Finished goods / work in progress
EUR 6,652,931.33
Accounts receivable
EUR 9,271,306.25
Trade debtors
EUR 2,653,091.50
Amounts due from related companies
EUR 6,394,682.18
Amounts due from investee companies
EUR 0.50
Other debtors and assets
EUR 223,532.07
Liquid means
EUR 156,164.74
Remaining other assets
EUR 495,086.15
Accruals (assets)
EUR 300,746.07
Active difference from asset
offsetting
EUR 194,340.08
LIABILITIES EUR 33,089,564.28
Shareholders' equity
EUR 15,004,993.17
Capital
EUR 1,500,000.00
Subscribed capital (share capital)
EUR 1,500,000.00
Reserves
EUR 150,000.00
Retained earnings / revenue reserves EUR 150,000.00
Balance sheet profit/loss (+/-)
EUR 13,354,993.17
Balance sheet profit / loss
EUR 13,354,993.17
Provisions
EUR 1,890,724.00
Pension provisions and comparable
provisions
EUR 29,614.00
Provisions for taxes EUR 407,395.00
Other / unspecified provisions
EUR 1,453,715.00
Liabilities
EUR 15,910,108.11
Financial debts
EUR 8,851,018.74
Liabilities due to banks
EUR 8,851,018.74
Other liabilities
EUR 7,059,089.37
Trade creditors (for IAS incl. bills
of exchange)
EUR 948,417.10
Liabilities
from received advance
payments
EUR 5,184.51
Liabililties due to related companiesEUR 3,829,250.43
Unspecified other liabilities
EUR 2,276,237.33
thereof liabilities from tax /
financial authorities
EUR 959,199.56
thereof liabilities from social
security
EUR 4,893.53
Other liabilities
EUR 283,739.00
Deferred
taxes (not included under
provisions/liabilities)
EUR 283,739.00
Guarantees and other commitments
EUR 1,898,800.00
Guarantees / warranties
EUR 1,898,800.00
Guarantees EUR 1,898,800.00
PROFIT AND LOSS ACCOUNT (cost-summary method)
according to Comm.
Code
(HGB)
Sales
EUR 47,787,158.82
Inventory change + own costs (+/-)
EUR 825,675.69
Inventory change (+/-)
EUR 482,265.69
Capitalised own costs
EUR 343,410.00
Other operating income
EUR 1,807,643.28
Cost of materials
EUR 23,458,061.85
Raw materials and supplies, purchased
goods
EUR 23,263,524.64
Purchased services
EUR 194,537.21
Gross result (+/-)
EUR 26,962,415.94
Staff expenses
EUR 17,827,456.92
Wages and salaries
EUR 14,827,090.60
Social security contributions and
expenses for pension plans and
benefits
EUR 3,000,366.32
Total depreciation
EUR 1,193,701.67
Depreciation on tangible / intangible
asssets (incl. start-up and exp. of
bus.
EUR 1,193,701.67
Other operating expenses
EUR 7,115,590.48
Operating result from continuing
operations
EUR 825,666.87
Result from participating interests
(+/-)
EUR 1,487,678.11
Expenses / income from participations EUR 1,487,678.11
Income from related companies
EUR 1,487,678.11
Interest result (+/-)
EUR -506,551.91
Interest and similar income
EUR 123,448.16
thereof from related companies
EUR 97,037.56
Interest and similar expenses
EUR 630,000.07
thereof paid to related companies
EUR 44,357.59
Financial result (+/-)
EUR 981,126.20
Result from ordinary operations (+/-)
EUR 1,806,793.07
Income tax / refund of income tax (+/-)EUR -305,936.14
Other taxes / refund of taxes
EUR -39,573.50
Tax
(+/-) EUR -345,509.64
Annual surplus / annual deficit
EUR 1,461,283.43
Type
of balance
sheet: Company balance sheet
Origin of the present
balance sheet: electronic German Federal Gazette
Financial year: 01.01.2015 - 31.12.2015
ASSETS EUR 32,066,805.05
Fixed assets
EUR 14,251,506.16
Intangible assets
EUR 2,285,352.01
Internally generated industrial
property rights and similar rights
and assets
EUR 1,177,967.00
Concessions, licences, rights
EUR 894,993.00
Advance payments for intang. assets
EUR 212,392.01
Tangible
assets EUR 3,923,130.14
Land / similar rights
EUR 2,854,977.10
Plant / machinery
EUR 211,044.00
Other tangible assets / fixtures and
fittings EUR 857,109.04
Financial assets
EUR 8,043,024.01
Shares in participations /
subsidiaries and the like
EUR 6,192,335.44
Shares in related companies
EUR 6,191,784.94
Shares in cooperatives
EUR 50.00
Shares in investee companies
EUR 500.50
Loans to participations /
subsidiaries and the like
EUR 1,498,271.52
Loans to related companies EUR 1,498,271.52
Other / unspecified financial assets EUR 352,417.05
Current assets
EUR 17,683,946.30
Stocks
EUR 9,018,077.92
Raw materials, consumables and
supplies
EUR 2,799,795.60
Finished goods / work in progress
EUR 6,218,282.32
Accounts receivable
EUR 8,420,099.39
Trade debtors
EUR 1,994,471.82
Amounts due from related companies
EUR 6,057,752.17
Amounts due from investee companies
EUR 0.50
Other debtors and assets
EUR 367,874.90
Liquid means
EUR 245,768.99
Remaining other assets
EUR 131,352.59
Accruals (assets)
EUR 131,352.59
LIABILITIES EUR 32,066,805.05
Shareholders' equity
EUR 13,543,709.74
Capital
EUR 1,500,000.00
Subscribed capital (share capital)
EUR 1,500,000.00
Reserves
EUR 143,864.75
Retained earnings / revenue reserves EUR 143,864.75
Balance sheet profit/loss (+/-)
EUR 11,899,844.99
Balance sheet profit / loss
EUR 11,899,844.99
Provisions EUR 2,422,474.00
Pension provisions and comparable
provisions
EUR 188,371.00
Provisions for taxes
EUR 445,447.00
Other / unspecified provisions
EUR 1,788,656.00
Liabilities
EUR 15,844,771.31
Financial debts
EUR 9,939,025.83
Liabilities due to banks
EUR 9,939,025.83
Other liabilities EUR 5,905,745.48
Trade creditors (for IAS incl. bills
of exchange)
EUR 635,908.24
Liabilities from received advance
payments
EUR 20,516.05
Liabililties due to related companiesEUR 3,121,275.68
Unspecified other liabilities
EUR 2,128,045.51
thereof liabilities from tax /
financial authorities
EUR 811,626.33
thereof liabilities from social
security
EUR 9,564.61
Other liabilities
EUR 255,850.00
Deferred taxes (not included under
provisions/liabilities)
EUR 255,850.00
PROFIT AND LOSS ACCOUNT (cost-summary method)
according to Comm.
Code
(HGB)
Sales
EUR 45,301,185.63
Inventory change + own costs (+/-)
EUR 358,395.70
Inventory change (+/-)
EUR -144,914.30
Capitalised own costs
EUR 503,310.00
Other operating income
EUR 1,690,311.54
Cost of materials
EUR 22,061,267.55
Raw materials and supplies, purchased
goods
EUR 21,833,154.06
Purchased services
EUR 228,113.49
Gross result (+/-)
EUR 25,288,625.32
Staff expenses
EUR 16,193,831.76
Wages and salaries
EUR 13,575,068.69
Social security contributions and
expenses for pension plans and
benefits
EUR 2,618,763.07
Total depreciation
EUR 1,209,907.21
Depreciation on tangible / intangible
asssets (incl. start-up and exp. of
bus.
EUR 1,209,907.21
Other operating expenses
EUR 6,221,820.95
Operating result from continuing
operations
EUR 1,663,065.40
Result from participating interests
(+/-)
EUR 1,000,000.00
Expenses / income from participations EUR 1,000,000.00
Income from related companies
EUR 1,000,000.00
Interest result (+/-)
EUR -613,492.90
Interest and similar income
EUR 107,497.07
thereof from related companies
EUR 89,716.20
Interest and similar expenses
EUR 720,989.97
thereof paid to related companies
EUR 25,846.74
Financial result (+/-)
EUR 386,507.10
Result from ordinary operations (+/-)
EUR 2,049,572.50
Income tax / refund of income tax (+/-)EUR -522,484.32
Other taxes / refund of taxes
EUR -42,036.87
Tax
(+/-)
EUR -564,521.19
Annual surplus / annual deficit
EUR 1,485,051.31
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
INR 66.22 |
|
|
1 |
INR 92.84 |
|
Euro |
1 |
INR 81.27 |
|
EUR |
1 |
INR 81.05 |
Note:
Above are approximate rates obtained from sources believed to be correct
INFORMATION DETAILS
|
Analysis Done by
: |
VAR |
|
|
|
|
Report Prepared
by : |
NIT |
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)
This report is issued at
your request without any risk and responsibility on the part of MIRA INFORM
PRIVATE LIMITED (MIPL) or its officials.