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MIRA INFORM REPORT
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Report No. : |
496751 |
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Report Date : |
08.03.2018 |
IDENTIFICATION DETAILS
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Name : |
BOSSARD AG |
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Registered Office : |
Steinhauserstrasse 70 6301 Zug/ZG /CH |
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Country : |
Switzerland |
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Date of Incorporation : |
1831 |
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Com. Reg. No.: |
170.3.005.204-5 |
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Legal Form : |
Company
limited by shares |
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Line of Business : |
The subject engages in the trade in consumer goods of the connection-, manufacturing-, testing- and assembly technology. The range includes bolts, rivets, washers, connecting elements, etc. |
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No. of Employees : |
250-399 |
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 : |
Satisfactory |
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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
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Country Name |
Previous Rating (30.09.2017) |
Current Rating (31.12.2017) |
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Switzerland |
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 |
SWITZERLAND - ECONOMIC OVERVIEW
Switzerland, a country that espouses neutrality, is a 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 2011-17.
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.
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Source
: CIA |
Company
name and address
Bossard AG
Operating address:
Steinhauserstrasse 70 Postal
address:
6301 Zug/ZG P.O.
Box 1257
Switzerland/CH 6301
Zug/ZG
Switzerland/CH
Telephone: +41 417496611
+41
417496339
Fax: +41
417496622
+41
417496011
Web site: http://www.bossard.com
E-mail: bossard@bossard.com
WIN Worldbox No.: CH0000042534
VAT-No.: CHE-116.282.230 MWST
UID-No.: CHE101058161
Profile
Established: 1831
History: 1973: Limited
company
Line of Business: Consumer goods wholesale
Industry Division: Wholesale trade
Industry-code (NACE): 4672 Wholesale
of metals and metal ores
Import/Export: Export
Quality certification: ISO 9001 2008
ISO
14001 2004
Banks: UBS AG, Baarerstrasse 14a, 6301 Zug, Swift:
UBSWCHZH63A
CREDIT
SUISSE (4), Bahnhofstrasse 17, 6301 Zug, Swift: CRESCHZZ63A
Operational Figures
Coverage: Company
Figures: estimated
Financial year: 2017
Employees: 250-399
Sales: CHF 40-60 Mio
Activity
The company
engages in the trade in consumer goods of the connection-, manufacturing-,
testing- and assembly technology. The range includes bolts, rivets, washers,
connecting elements, etc.
Operations
and Branches:
At the
address, Steinhauserstrasse 70, 6300 Zug, Switzerland, we find office of the
company.
Real Estate
Real Estate: It is understood that the company owns certain
property.
Company Register
Company No: 170.3.005.204-5
UID-No.: CHE101058161
Legal form: Company limited by shares
Registration: 26.03.1973
Legal status: active
Responsible Register: Handelsregister des Kantons Zug
History: Date of Statutes: 08.06.1983
Date
of Statutes: 09.09.1996
Entry Deleted Name
active Bossard AG
active Bossard Ltd (Name translated)
active Bossard SA (Name translated)
Entry Deleted Legal domicile
active Zug, Switzerland
Entry Deleted Address
13.04.2004 Steinhauserstrasse
70, 6301 Zug, Switzerland/CH
13.04.2004 Steinhauserstrasse 70, 6300 Zug/ZG,
Switzerland/CH
Entry Deleted Capital
11.09.1996 Share Capital CHF 12,000,000, paid up CHF
12,000,000
Entry Deleted Capital Structure
11.09.1996 120,000 Registered shares with restricted
transferability of CHF 100.--
Entry Deleted Remarks
23.06.2016 Merger: Merger: Takeover of the assets and
liabilities of KVT-Fastening AG in Dietikon (CHE 317 998 875), pursuant to the
Merger Agreement dated 10.06.2016 and balance sheet as at 31.12.2015. Assets of
CHF 72'421'272.00 and liabilities (liabilities) of CHF 79'555'529.00 are
transferred to the transferring company.
13.05.2014 Merger: Merger: Takeover of the assets and
liabilities of Intrado AG, in Zug (CHE 106 913 359), pursuant to the Merger
Agreement dated 04.25.2014 and balance sheet as at 31.12.2013. Assets of CHF
1,354,322.15 and liabilities (liabilities) of CHF 81,289.94 are transferred to
the transferring company.
13.05.2014 Merger: Merger: Takeover of the assets and
liabilities of Trimec AG, Zug (CHE-107.951.055), pursuant to the merger
agreement dated April 25, 2014 and the balance sheet as at 31.12.2013. Assets
of CHF 3'615'873.00 and liabilities (liabilities) of CHF 1'115'563.00 are
transferred to the transferring company.
Entry Deleted Branches
13.07.2016 Lagerstrasse
8, 8953 Dietikon/ZH, Switzerland/CH
Official Administration
Title Name
President Dean, David
Citizen:
Volketswil, Switzerland
Residential
address: Meilen, Switzerland
joint
signature of two
Director Zehnder, Stephan
Citizen:
Zug, Switzerland
Residential
address: 63123 Steinhausen/ZG, Switzerland
joint
signature of two
Registered
since: 02.02.1999
Management
Title Name
Director Bossard, Daniel
Citizen:
Zug, Switzerland
Residential
address: Hünenberg, Switzerland
joint
signature of two
Registered
since: 14.06.2007
Director Grob, Beat
Citizen:
Cham, Switzerland
Residential
address: 6330 Cham/ZG, Switzerland
joint
signature of two
Registered
since: 20.01.1997
Director Hilgers, Dr. Frank
Citizen:
Germany
Residential
address: Cham, Switzerland
joint
signature of two
Registered
since: 11.04.2016
Director Zehnder, Stephan
Citizen:
Zug, Switzerland
Residential
address: 63123 Steinhausen/ZG, Switzerland
joint
signature of two
Registered
since: 02.02.1999
Deputy Director Kammüller, Peter
Citizen:
Neuheim, Switzerland
Residential
address: Menzingen, Switzerland
joint
signature of two
Registered
since: 26.02.2014
Vice-Director Angst, Alexander
Citizen:
Horgen, Switzerland
Residential
address: 6300 Zug/ZG, Switzerland
joint
signature of two
Registered
since: 04.06.2009
Vice-Director Bertaggia, Andreas
Citizen:
Zug, Switzerland
Residential
address: Zug, Switzerland
joint
signature of two
Registered
since: 07.04.2006
Vice-Director Britschgi, Albert
Citizen:
Sarnen, Switzerland
Residential
address: Zürich, Switzerland
joint
signature of two
Registered
since: 20.02.2002
Vice-Director Caccetta, Manuel
Citizen:
Luzern, Switzerland
Residential
address: Root, Switzerland
joint
signature of two
Registered
since: 09.07.2008
Vice-Director Elsener, Gebhard
Citizen:
Menzingen, Switzerland
Residential
address: Hünenberg, Switzerland
joint
signature of two
Vice-Director Güttinger, Urs
Citizen:
Opfikon, Switzerland
Residential
address: Steinhausen, Switzerland
joint
signature of two
Registered
since: 08.02.2000
Vice-Director Huber, Armin
Citizen:
Kriens, Switzerland
Residential
address: Rickenbach /AG, Switzerland
joint signature of two
Registered
since: 26.02.2014
Vice-Director Hürlimann,
Kurt
Citizen:
Dürnten, Switzerland
Residential address: Unterägeri,
Switzerland
joint
signature of two
Registered
since: 24.05.2011
Vice-Director Jakober, Erica
Citizen:
Glarus, Schänis, Switzerland
Residential
address: Hünenberg, Switzerland
joint
signature of two
Registered
since: 29.06.1995
Vice-Director Kaiser, Alexander
Citizen:
Ennetmoos, Switzerland
Residential
address: Wettswil am Albis, Switzerland
joint
signature of two
Registered
since: 21.11.2011
Vice-Director Kaufmann, Jacqueline
Citizen:
Winikon, Switzerland
Residential
address: Affoltern am Albis, Switzerland
joint
signature of two
Registered
since: 01.02.2006
Vice-Director Müller, Stefan
Citizen:
Seuzach, Switzerland
Residential
address: Geroldswil, Switzerland
joint
signature of two
Registered
since: 09.07.2008
Vice-Director Näf, Jeremias
Citizen:
Menznau, Switzerland
Residential
address: Rickenbach /LU, Switzerland
joint
signature of two
Registered
since: 24.05.2011
Vice-Director Ong, Tee Bin
Citizen:
Malaysia
Residential
address: Cham, Switzerland
joint
signature of two
Registered
since: 22.01.2009
Vice-Director Pfister, Guido
Citizen:
Dagmersellen, Switzerland
Residential
address: 6204 Sempach Stadt/LU, Switzerland
joint
signature of two
Registered
since: 09.07.2008
Vice-Director Rüedy, Martin
Citizen:
Gächlingen, Switzerland
Residential
address: Steinhausen, Switzerland
joint
signature of two
Registered
since: 27.01.2003
Vice-Director Stutz, Daniel
Citizen:
Arni AG, Islisberg, Switzerland
Residential
address: 6344 Meierskappel/LU, Switzerland
joint
signature of two
Registered
since: 27.01.2003
Vice-Director Tschan, Patrick
Citizen:
Basel, Switzerland
Residential
address: Steinhausen, Switzerland
joint
signature of two
Registered
since: 05.02.2013
Vice-Director Züllig, Philippe
Citizen:
Amriswil, Switzerland
Residential
address: Wettswil am Albis, Switzerland
joint
signature of two
Registered
since: 09.07.2014
Member with procuration Brun, Christoph
Citizen:
Reiden, Dagmersellen, Switzerland
Residential
address: Luzern, Switzerland
joint
power of attorney of two
Registered
since: 01.02.2006
Member with procuration Christensen, Henrik
Citizen:
Denmark
Residential
address: Baar, Switzerland
joint
power of attorney of two
Registered
since: 20.05.2014
Member with procuration Eixler, Jürgen
Citizen:
Winterthur, Switzerland
Residential
address: Hünenberg, Switzerland
joint
power of attorney of two
Registered
since: 16.05.2012
Member with procuration Huwiler, Fabian
Citizen:
Hitzkirch, Switzerland
Residential
address: Oberrüti, Switzerland
joint
power of attorney of two
Registered
since: 09.06.2016
Member with procuration Mayr, Tobias
Citizen:
Germany
Residential
address: Mettmenstetten, Switzerland
joint
power of attorney of two
Registered
since: 27.05.2015
Member with procuration Osterwalder, Guido
Citizen:
Emmen, Waldkirch, Switzerland
Residential
address: Luzern, Switzerland
joint
power of attorney of two
Registered
since: 29.06.1995
Member with procuration Rechsteiner, Claudia
Citizen:
Appenzell, Switzerland
Residential
address: Hünenberg, Switzerland
joint
power of attorney of two
Registered
since: 24.05.2011
Member with procuration Wetzel, Peter
Citizen:
Zürich, Switzerland
Residential
address: Adligenswil, Switzerland
joint
power of attorney of two
Registered
since: 20.05.2014
Member with procuration Wildi, Herbert
Citizen:
Schafisheim, Switzerland
Residential
address: Unterägeri, Switzerland
joint power of attorney of two
Member with procuration Winteler Walser, Erika
Citizen:
Glarus Nord, Switzerland
Residential
address: Oberrüti, Switzerland
joint
power of attorney of two
Registered
since: 20.05.2014
Member with procuration Zurfluh, Roger
Citizen:
Gurtnellen, Switzerland
Residential
address: Schattdorf, Switzerland
joint
power of attorney of two
Registered
since: 27.05.2015
External Positions
Title Name
Auditor PricewaterhouseCoopers AG,
Residential
address: Zürich, Switzerland
Id:
CH-020.3.020.876-5
Registered
since: 25.09.2000
Executive board
Title Name
Chief Executive Officer Grob, Beat
Chief Human Resources Officer Jakober, Erica (ejakober@bossard.com)
Ultimate Parent Company
Name: Bossard Holding AG
City/Country: Zug/ZG, Switzerland/CH
Direct owner/-s
No. of owner/-s: 1
Owner: The company is domestic owned.
Class: 100%, directly held
Name: Bossard Finance AG
City/Country: Zug/ZG, Switzerland/CH
Interest: 100,00% voting right, 100,00% capital
interest
Investments
Class: 100%, directly held
Name: Bossard SK, spol. s r.o. v likvidácii
City/Country: Dubnica nad Váhom, Slovakia/SK
Interest: 100,00% voting right, 100,00% capital
interest (since 23.02.2007)
Sisters
Name: Bossard Austria GmbH
City/Country: Schwechat, Austria/AT
Name: KVT - Fastening s.r.o.
City/Country: Brno, Czech/CZ
Name: KVT-Fastening GmbH
City/Country: Asten, Austria/AT
Financial Data Bossard Holding AG
Consolidation: consolidated
Industry: Trade/Industry
Fiscal year end: 31.12.2016 31.12.2015 31.12.2014 31.12.2013 31.12.2012
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 Local
GAAP Local GAAP
Balance Sheet
Intangible fixed assets 14,774.0 6,392.0 3,669.0 3,364.0 3,277.0
Land and buildings 53,270.0 60,653.0 57,066.0 57,770.0 54,475.0
Other tangible fixed assets 56,911.0 31,267.0 29,996.0 29,630.0 31,726.0
Tangible fixed assets 110,181.0 91,920.0 87,062.0 87,400.0 86,201.0
Financial fixed assets 12,569.0 11,474.0 11,450.0 1,651.0 1,247.0
other fixed assets 10,829.0 9,802.0 7,109.0 5,460.0 5,004.0
Fixed assets 148,353.0 119,588.0 109,290.0 97,875.0 95,729.0
Stocks 188,445.0 198,602.0 189,853.0 160,748.0 155,583.0
Trade accounts receivable 124,235.0 103,372.0 95,347.0 89,435.0 85,299.0
Cash & Cash Equivalents 22,511.0 29,918.0 25,418.0 25,446.0 25,629.0
other trade accounts 2,920.0 3,364.0 7,602.0 5,397.0 5,773.0
Accruals 9,305.0 7,758.0 6,870.0 8,050.0 8,290.0
Other current assets 34,736.0 41,040.0 39,890.0 38,893.0 39,692.0
Current assets 347,416.0 343,014.0 325,090.0 289,076.0 280,574.0
Total assets 495,769.0 462,602.0 434,380.0 386,951.0 376,303.0
Capital 40,000.0 40,000.0 40,000.0 40,000.0 32,000.0
Other shareholders funds 162,298.0 141,177.0 166,851.0 124,312.0 14,681.0
Total shareholders equity 202,298.0 181,177.0 206,851.0 164,312.0 46,681.0
Minority interests 5,346.0 5,009.0 3,752.0 2,986.0 3,427.0
long term debt (financial debts) 97,417.0 103,811.0 65,000.0 80,000.0 110,000.0
Provisions 11,245.0 7,492.0 4,945.0 4,417.0 6,870.0
Other non current liabilities 4,579.0 4,536.0 5,374.0 3,713.0
Non current liabilities 108,662.0 115,882.0 74,481.0 89,791.0 120,583.0
short term debt (financial debts) 83,861.0 73,935.0 58,293.0 46,609.0 117,814.0
Trade accounts payable 48,123.0 45,653.0 42,918.0 38,711.0 38,657.0
Provisions 3,577.0 255.0 533.0 705.0 979.0
Accruals 22,266.0 20,362.0 23,819.0 24,569.0 23,853.0
other accounts payable 21,636.0 20,329.0 23,733.0 19,268.0 24,309.0
other current liabilities 47,479.0 40,946.0 48,085.0 44,542.0 49,141.0
Current liabilities 179,463.0 160,534.0 149,296.0 129,862.0 205,612.0
Shareh. equity, min. int. &
liabilities 495,769.0 462,602.0 434,380.0 386,951.0 376,303.0
Profit and loss
account
Sales 695,015.0 656,314.0 621,295.0 609,714.0 487,094.0
Reduction of proceeds 3,531.0 19,555.0 15,921.0
Net sales 695,015.0 656,314.0 617,764.0 590,159.0 471,173.0
Other operating revenue 0.0 0.0 0.0 3,279.0
Operating revenue 695,015.0 656,314.0 617,764.0 590,159.0 474,452.0
Cost of goods sold 570,018.0 453,610.0 420,633.0 348,124.0 283,695.0
Gross profit 124,997.0 202,704.0 197,131.0 242,035.0 190,757.0
Other operating expenses 46,488.0 132,385.0 124,328.0 172,252.0 139,847.0
Operating result 78,509.0 70,319.0 72,803.0 69,783.0 50,910.0
Interest revenues 930.0 956.0 823.0 303.0 338.0
other financial revenues 2,045.0 2,661.0 689.0 945.0 1,279.0
Financial income 2,975.0 3,617.0 1,512.0 1,248.0 1,617.0
Interest expenses 4,026.0 4,134.0 3,837.0 4,528.0 2,258.0
other financial expenses 1,746.0 1,980.0 819.0 803.0 1,165.0
Financial expenses 5,772.0 6,114.0 4,656.0 5,331.0 3,423.0
Financial result -2,797.0 -2,497.0 -3,144.0 -4,083.0 -1,806.0
Result before extraordinary items 75,712.0 67,822.0 69,659.0 65,700.0 49,104.0
Extraordinary Result 0.0 0.0 0.0 0.0
Result before taxes 75,712.0 67,822.0 69,659.0 65,700.0 49,104.0
Taxes 13,278.0 13,332.0 12,531.0 9,699.0 6,197.0
Result before minority interests 62,434.0 54,490.0 57,128.0 56,001.0 42,907.0
minority interests 1,442.0 1,508.0 473.0 41.0 41.0
Result for the financial year 60,992.0 52,982.0 56,655.0 55,960.0 42,866.0
Cash flow
Depreciation 12,605.0 11,603.0 12,449.0 12,315.0 10,447.0
Cash flow 75,039.0 66,093.0 69,577.0 68,316.0 53,354.0
Cash flow from operating activities 85,064.0 52,837.0 47,518.0 57,007.0 56,319.0
Investments in tangible fixed assets 30,480.0 18,140.0 9,981.0 13,292.0 21,482.0
Cash flow from investing activities -71,817.0 -78,119.0 -20,595.0 -18,571.0 -210,807.0
Cash flow from financing activities -20,465.0 30,845.0 -28,170.0 -38,350.0 164,647.0
Others -189.0 -1,063.0 1,219.0 -269.0 -177.0
Change in liquidity -7,407.0 4,500.0 -28.0 -183.0 9,982.0
Liquidity at beginning of the year 29,918.0 25,418.0 25,446.0 25,629.0 15,647.0
Liquidity at end of the year 22,511.0 29,918.0 25,418.0 25,446.0 25,629.0
Notes
Material costs 475,366.0 453,610.0 420,633.0 348,124.0 283,695.0
Cost of employees 145,668.0 135,903.0 129,401.0 123,388.0 99,627.0
Added value 238,011.0 219,462.0 215,346.0 205,931.0 161,436.0
Working Capital 264,557.0 256,321.0 242,282.0 211,472.0 202,225.0
Net Current Assets 167,953.0 182,480.0 175,794.0 159,214.0 74,962.0
Sales per Employee 319.0 325.2 320.7 320.4 303.8
Market capitalisation 1,088,400.0 826,500.0 826,000.0 780,900.0 399,500.0
Gross cost land and buildings 48,647.0 107,116.0 103,096.0 101,050.0 95,162.0
Gross cost other tangible fixed assets 79,167.0 108,054.0 108,642.0 102,850.0 106,537.0
Gross cost total 127,814.0 215,170.0 211,738.0 203,900.0 201,699.0
Insurance value total 207,500.0 190,300.0 194,000.0 182,100.0 179,400.0
Employees
at year end 2,179 2,018 1,926 1,842
Full time units average 1,950 1,806 1,767 1,551
Financials
Balance
sheet publication:
The
subject company does not publish balance sheet or turnover figures.
Legal Actions
Control date Year No. Amount CHF Status
21.07.2016 2016 1 1,567.-- Opposition filed
31.12.2015 2015 0 Legal actions
31.12.2014 2014 0 Legal
actions
31.12.2013 2013 1 105,340.-- Opposition filed
31.12.2012 2012 0 Legal
actions
31.12.2011 2011 0 Legal
actions
31.12.2010 2010 0 Legal
actions
31.12.2009 2009 0 Legal
actions
06.09.2007 2007 0 Legal
actions
31.12.2006 2006 0 Legal
actions
31.12.2005 2005 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.
Sanctions List
We did
not find the company included on the various international sanctions lists,
such as the OFAC (Office of Foreign Assets Control), the BIS (Bureau of Industry
and Security), the European Union Restrictive measures (sanctions) list, the
Export Control Organisation (ECO) of the UK, the Australian Department of
Foreign Affairs and Trade.
Payment experiences
Debt
Collection Case:
JAN
2014: CHF 90.00, last legal demand.
Remarks
- The
VAT number - CHE-116.282.230 MWST - is the Group VAT number.
- Based
on the positive financial situation of the ultimate parent company we deem
stated credit as acceptable.
Credit Information
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 considered to
be good.
Payment experiences: No Complaints.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
INR 64.96 |
|
|
1 |
INR 90.34 |
|
Euro |
1 |
INR 80.75 |
|
CHF |
1 |
INR 68.88 |
Note :
Above are approximate rates obtained from sources believed to be correct
INFORMATION DETAILS
|
Analysis Done by
: |
VAR |
|
|
|
|
Report Prepared
by : |
KET |
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.