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MIRA INFORM REPORT
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Report No. : |
498694 |
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Report Date : |
17.03.2018 |
IDENTIFICATION DETAILS
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Name : |
DOW EUROPE GMBH |
|
|
|
|
Registered Office : |
Bachtobelstrasse 3, Postfach 8810
Horgen/ZH |
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|
|
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Country : |
Switzerland |
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|
Financials (as on) : |
31.12.2017 (Ultimate
Parent Company) |
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Year of Establishment : |
1974 |
|
|
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Com. Reg. No.: |
020.4.024.366-7 |
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Legal Form : |
Limited Liability Company |
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Line of Business : |
·
Wholesale of chemical products ·
Other business support service activities n.e.c. ·
Other research and experimental development on natural sciences and
engineering |
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|
No. of Employees : |
2 |
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 |
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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
|
Country Name |
Previous Rating (30.09.2017) |
Current Rating (31.12.2017) |
|
Switzerland |
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 |
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.
|
Source
: CIA |
Company name and address
DOW EUROPE GMBH
Operating address:
Bachtobelstrasse 3
Postfach
8810 Horgen/ZH
Switzerland/CH
Telephone: +41
447282111
Fax: +41
447282935
Web site: http://www.dow.ch
E-mail: info@dow.com
WIN Worldbox No.: CH0000431315
VAT-No.: CHE-109.399.223
MWST
UID-No.: CHE109399223
Profile
Established: 1974
Line of Business: Consumer
goods wholesale, Commercial services, Pharmaceutics
Industry Division: Wholesale
trade, Services
Industry-code (NACE): 4675 Wholesale of chemical products
8299 Other business support service activities
n.e.c.
7219 Other research and experimental
development on natural sciences and engineering
Import/Export: Import,
Export
Banks: unknown
Operational
Figures
Coverage: Company
Figures: estimated
Financial year: 2017
Employees: 750
Sales: CHF
400-600 Mio
Branches: 2
Activity
At the regional headquarters and R&D hub in
Horgen, Dow oversee business activities in Europe, Middle East, and Africa. In
Horgen, they also conduct development for a wide range of applications such as
the latest generation of insulation materials for fridges and buildings,
packaging materials and adhesives for the automotive industry. At the R&D
center in Freienbach (SZ), Dow scientists work on the latest customer
applications for wind energy, building and construction, automotive and
infrastructure. The two production sites in Buchs (SG) and Luzern (LU)
manufacture quality products for a wide range of industries including
electronics and personal care and are shipped to customers across Europe and
beyond.
Operations and Branches:
At the address, Bachtobelstrasse 3, 8810 Horgen,
Switzerland, we find the headoffice of the company.
Real
Estate
Real Estate: The
company owns extensive property.
Company
Register
Company No: 020.4.024.366-7
UID-No.: CHE109399223
Legal form: Limited
Liability Company
Registration: 14.12.2001
Legal status: active
Responsible Register: Handelsregister
des Kantons Zürich
History: Date
of Statutes: 27.05.2010
Date
of Statutes: 08.12.2006
Date
of Incorporation Statutes: 29.11.2001
Entry Deleted Name
14.12.2001 Dow
Europe GmbH
Entry Deleted Legal domicile
14.12.2001 Horgen, Switzerland
Entry Deleted Address
14.12.2001 Bachtobelstrasse
3, 8810 Horgen/ZH, Switzerland/CH
Entry Deleted Capital
14.12.2001 LLC
Capital CHF 1,300,000
Entry Deleted Capital Structure
22.01.2007 1
Participation shares of CHF 1,300,000.--
Entry Deleted Remarks
19.05.2016 Merger:
On 29.04.2016 the company merged with ACIMA AG für Chemische Industrie, based
in Buchs (CHE-101.990.565).
05.05.2010 Merger:
On 03.05.2010 the company merged with Rohm and Haas Europe Sàrl, based in
Morges (CH-550-1049282-0).
25.07.2006 Merger:
On 21.06.2006 the company merged with SOUND ALLIANCE GmbH, based in Freienbach
(CH-130.0.008.983-2).
06.06.2003 Merger:
On 31.12.2002 the company merged with Dow Automotive GmbH, based in Freienbach.
Entry Deleted Branches
31.05.2016 Im Ochsensand , 9470
Buchs/SG, Switzerland/CH
13.08.2014 8807 Freienbach/SZ,
Switzerland/CH
13.08.2014 15.12.2014 Horgen,
Switzerland/CH
12.06.2003 13.08.2014 Wolleraustrasse
15 - 17, 8807 Freienbach/SZ, Switzerland/CH
19.03.2002 15.12.2014 Bachtobelstrasse
3, 8810 Horgen/ZH, Switzerland/CH
Management
Title Name
General Manager Antuna
Calle, Luis
Citizen:
Spain
Residential
address: 8706 Meilen/ZH, Switzerland
single
signature
Registered
since: 23.02.2010
General Manager Farre
Pelaez, Alejandro
Citizen:
Spain
Residential
address: Zug, Switzerland
single
signature
Registered
since: 10.10.2017
Chairman of the management Haller,
Heinz
Citizen:
Gontenschwil, Switzerland
Residential
address: Küsnacht /ZH, Switzerland
single
signature
Registered
since: 14.08.2012
Member with signing authority Constante,
Javier
Citizen:
Spain
Residential
address: Zürich, Switzerland
single
signature, Limited to the headquarters
Registered
since: 13.09.2011
Member with signing authority Iten,
Gabriela
Citizen:
Unterägeri, Switzerland
Residential
address: Schneisingen, Switzerland
joint
signature of two, Limited to the headquarters
Registered
since: 05.12.2014
Member with signing authority Tolboom,
Adriaan
Citizen:
Netherlands
Residential
address: 8810 Horgen/ZH, Switzerland
single
signature, Limited to the headquarters
Registered
since: 07.04.2011
External
Positions
Title Name
Auditor Deloitte
AG,
Residential
address: Zürich, Switzerland
Id:
CHE-101.377.666
Registered
since: 07.02.2011
Executive
board
Title Name
Chief Executive Officer Haller,
Heinz
Ultimate
Parent Company
Name: The
Dow Chemical Company
City/Country: Midland/Michigan,
United States of America/US
Direct
owner/-s
No. of owner/-s: 1
Owner: The
company is foreign owned.
Class: 100%,
directly held
Name: Dow
Europe Holding B.V.
City/Country: Hoek,
Netherlands/NL
Capital share: CHF
1,300,000.--
Interest: 100,00%
voting right, 100,00% capital interest (since 14.12.2001)
Investments
Class: 100%,
directly held
Name: Dow Chemical
IMEA GmbH
City/Country: Horgen/ZH,
Switzerland/CH
Interest: 100,00%
voting right, 100,00% capital interest
Class: 100%,
indirectly held
Name: Dow
Contract Services FZE
City/Country: Dubai/Dubai,
Saudi Arabia/SA
Interest: 100,00%
voting right, 100,00% capital interest
Class: 100%,
directly held
Name: Dow
International Finance S.a.r.l.
City/Country: Luxembourg/LU
Interest: 100,00%
voting right, 100,00% capital interest
Class: 50-100%,
directly held
Name: Dow
Egypt Services Limited
City/Country: Cairo,
Egypt/EG
Class: 50-100%,
directly held
Name: Dow
Mideast Systems S.A.E. (JSC)
City/Country: Egypt/EG
Sisters
Name: BASF
DOW HPPO
City/Country: Hoek,
Netherlands/NL
Name: BASF
DOW HPPO Technology
City/Country: Hoek,
Netherlands/NL
Name: DoNedPa
B.V.
City/Country: Hoek,
Netherlands/NL
Name: Dow
Austria Gesellschaft m.b.H
City/Country: Austria/AT
Name: Dow
Belgium B.V.B.A.
City/Country: Belgium/BE
Name: Dow
Benelux B.V.
City/Country: Farmsum,
Netherlands/NL
Name: Dow
Beteiligungsgesellschaft mbH & Co. KG
City/Country: Germany/DE
Name: Dow
Chemical Company Limited
City/Country: United
Kingdom/GB
Name: Dow
Chemical East Africa Limited
City/Country: Kenya/KE
Name: Dow
Chemical Iberica S.L.
City/Country: Spain/ES
Name: Dow
Chemical Korea Limited
City/Country: South
Korea/KR
Name: Dow
Chemical Romania S.R.L.
City/Country: Romania/RO
Name: Dow
Chemical West Africa Limited
City/Country: Ghana/GH
Name: Dow Deutschland Verwaltungs Vertriebs GmbH
City/Country: Germany/DE
Name: Dow
Hellas A.E.
City/Country: Greece/GR
Name: Dow
Hungary Kft.
City/Country: Hungary/HU
Name: Dow
Industrial Chemical Products Nigeria Limited
City/Country: Nigeria/NG
Name: Dow
InterBranch B.V.
City/Country: Hoek,
Netherlands/NL
Name: Dow
Italia s.r.l.
City/Country: Italy/IT
Name: Dow
Mideast Systems S.A.E. (JSC)
City/Country: Egypt/EG
Name: Dow
Narmer Holding B.V.
City/Country: Hoek,
Netherlands/NL
Name: Dow
Olefinverbund GmbH
City/Country: Germany/DE
Name: Dow
Polska Sp.z.o.o.
City/Country: Poland/PL
Name: DOW
PORTUGAL - PRODUTOS QUÍMICOS, SOCIEDADE UNIPESSOAL,LDA
City/Country: Portugal/PT
Name: Dow
Saudi Arabia Company
City/Country: Saudi
Arabia/SA
Name: Dow
Saudi Arabia Holding B.V.
City/Country: Hoek,
Netherlands/NL
Name: Dow
Saudi Arabia Investment B.V.
City/Country: Hoek,
Netherlands/NL
Name: Dow
Saudi Arabia Product Marketing BV
City/Country: Hoek,
Netherlands/NL
Name: Dow
Southern Africa (Pty)Ltd
City/Country: Waterfall
City, Midrand/Gauteng, South Africa/ZA
Name: Dow
Specialties Limited
City/Country: Saudi
Arabia/SA
Name: Dow
Suomi OY
City/Country: Finland/FI
Name: Dow
Sverige AB
City/Country: Sweden/SE
Name: Dow
Turkiye Kimya Sanayive Ticaret Limited Sirketi
City/Country: Turkey/TR
Name: DowAksa
Advanced Composites Holdings B.V.
City/Country: Hoek,
Netherlands/NL
Name: HPPO
Holding and Finance C.V.
City/Country: Hoek,
Netherlands/NL
Name: MTP
HPJV C.V.
City/Country: Hoek,
Netherlands/NL
Name: MTP
HPJV Management B.V.
City/Country: Hoek,
Netherlands/NL
Name: OBSHESTVO
S OGRANICHENNOJ OTVETSTVENNOSTYU DAU KEMIKAL
City/Country: Russia/RU
Name: OBSHESTVO
S OGRANICHENNOJ OTVETSTVENNOSTYU FINNDISP
City/Country: Russia/RU
Name: Polyol
BelgiumB.V.B.A.
City/Country: Belgium/BE
Name: Rohm
and Haas Denmark Bermuda GP ApS
City/Country: Denmark/DK
Name: Rohm
and Haas Electronic Materials Europe Ltd.
City/Country: United
Kingdom/GB
Name: Rohm
and Haas Nederland BV
City/Country: Hoek,
Netherlands/NL
Name: Rohm
and Haas (UK) Limited
City/Country: United
Kingdom/GB
Name: RUS
Polyurethanes Holding B.V.
City/Country: Hoek,
Netherlands/NL
Financial Data The Dow Chemical Company
Consolidation: consolidated
Industry: Trade/Industry
Fiscal
year end: 31.12.2017 31.12.2016 31.12.2015 31.12.2014 31.12.2013
Number of
months: 12 12 12 12 12
Currency: mil.
USD mil. USD mil.
USD mil. USD mil. USD
Statement
norm: US-GAAP US-GAAP US-GAAP US-GAAP US-GAAP
Balance Sheet
Intangible
fixed assets 19,487.0 21,298.0 15,771.0 16,400.0 17,112.0
Land and
buildings 23,486.0
Other
tangible fixed assets 23,812.0
Tangible
fixed assets 23,812.0 23,486.0 17,854.0 18,051.0 17,454.0
Financial
fixed assets 6,846.0 7,424.0 7,646.0 6,640.0 7,407.0
other
fixed assets 2,551.0 3,644.0 2,280.0 3,438.0 2,551.0
Fixed
assets 52,696.0 55,852.0 43,551.0 44,529.0 44,524.0
Stocks 8,376.0 7,363.0 6,871.0 8,101.0 8,303.0
Trade
accounts receivable 12,049.0 4,666.0 4,078.0 4,685.0 4,935.0
Cash
& Cash Equivalents 6,188.0 6,607.0 8,577.0 5,654.0 5,940.0
Securities 4.0
other
trade accounts 627.0 5,023.0 4,949.0 5,827.0 5,799.0
Other
current assets 6,819.0 11,630.0 13,526.0 11,481.0 11,739.0
Current
assets 27,244.0 23,659.0 24,475.0 24,267.0 24,977.0
Total
assets 79,940.0 79,511.0 68,026.0 68,796.0 69,501.0
Capital 6,553.0 7,369.0 12,043.0 11,953.0 10,982.0
Other
shareholders funds 19,270.0 18,618.0 13,331.0 10,470.0 15,916.0
Total
shareholders equity 25,823.0 25,987.0 25,374.0 22,423.0 26,898.0
Minority
interests 1,186.0 1,242.0 809.0 1,133.0 1,182.0
long term
debt (financial debts) 19,765.0 20,456.0 16,215.0 18,838.0 16,820.0
Provisions 12,298.0
Other non current
liabilities 18,789.0 6,924.0 14,413.0 14,809.0 12,630.0
Non current
liabilities 38,554.0 39,678.0 30,628.0 33,647.0 29,450.0
short
term debt (financial debts) 752.0 635.0 995.0 945.0 997.0
Trade
accounts payable 8,422.0 4,519.0 3,577.0 4,481.0 4,733.0
Accruals 1,105.0 1,120.0 855.0 968.0
other
accounts payable 5,203.0 6,345.0 5,523.0 5,312.0 5,273.0
other
current liabilities 5,203.0 7,450.0 6,643.0 6,167.0 6,241.0
Current
liabilities 14,377.0 12,604.0 11,215.0 11,593.0 11,971.0
Shareh.
equity, min. int. & liabilities 79,940.0 79,511.0 68,026.0 68,796.0 69,501.0
Profit and loss account
Sales 55,508.0 48,158.0 48,778.0 58,167.0 57,080.0
Net sales 55,508.0 48,158.0 48,778.0 58,167.0 57,080.0
Other
operating revenue 1,639.0 1,202.0 4,592.0 3.0 2,573.0
Operating
revenue 57,147.0 49,360.0 53,370.0 58,170.0 59,653.0
Cost of
goods sold 44,308.0 37,641.0 37,836.0 47,464.0 47,594.0
Gross
profit 12,839.0 11,719.0 15,534.0 10,706.0 12,059.0
Other
operating expenses 9,064.0 6,997.0 5,403.0 5,344.0 5,232.0
Operating
result 3,775.0 4,722.0 10,131.0 5,362.0 6,827.0
Interest
revenues 107.0 71.0 51.0 41.0
other
financial revenues 442.0 674.0 835.0 3,726.0
Financial
income 549.0 745.0 886.0 3,767.0
Interest
expenses 976.0 858.0 946.0 983.0 1,101.0
other
financial expenses 3,190.0
Financial
expenses 976.0 858.0 946.0 4,173.0 1,101.0
Financial
result -976.0 -309.0 -201.0 -3,287.0 2,666.0
Result
before extraordinary items 2,799.0 4,413.0 9,930.0 2,075.0 9,493.0
Result
before taxes 2,799.0 4,413.0 9,930.0 2,075.0 9,493.0
Taxes 2,204.0 9.0 2,147.0 1,426.0 1,988.0
Result
before minority interests 595.0 4,404.0 7,783.0 649.0 7,505.0
minority
interests 129.0 86.0 98.0 35.0 29.0
Result
for the financial year 466.0 4,318.0 7,685.0 614.0 7,476.0
Cash flow
Depreciation 3,155.0 2,862.0 2,521.0 2,747.0 2,681.0
Cash flow 3,621.0 7,180.0 10,304.0 3,396.0 10,186.0
Cash flow
from operating activities 4,502.0 5,478.0 7,516.0 6,502.0 7,823.0
Investments
in tangible fixed assets 3,144.0 3,804.0 3,703.0 3,572.0 2,302.0
Cash flow
from investing activities -1,941.0 -3,479.0 -1,350.0 -3,105.0 -1,469.0
Cash flow
from financing activities -3,300.0 -3,892.0 -3,041.0 -3,583.0 -4,731.0
Others 320.0 -77.0 -202.0 -100.0 -1.0
Change in
liquidity -419.0 -1,970.0 2,923.0 -286.0 1,622.0
Liquidity
at beginning of the year 6,607.0 8,577.0 5,654.0 5,940.0 4,318.0
Liquidity
at end of the year 6,188.0 6,607.0 8,577.0 5,654.0 5,940.0
Notes
Research
and Development 1,637.0 1,584.0 1,598.0 1,647.0 1,747.0
Added
value 6,930.0 8,133.0 13,397.0 5,805.0 13,275.0
Working
Capital 12,003.0 7,510.0 7,372.0 8,305.0 8,505.0
Net
Current Assets 12,867.0 11,055.0 13,260.0 12,674.0 13,006.0
Sales per
Employee 1.0 0.9 1.0 1.1 1.1
Gross
cost land and buildings 11,941.0 57,438.0 13,295.0 11,564.0 10,267.0
Gross
cost other tangible fixed assets 48,485.0 23,486.0 37,507.0 43,666.0 44,847.0
Gross
cost total 60,426.0 80,924.0 50,802.0 55,230.0 55,114.0
Employees at year end 54,000 56,000 49,500 53,000 53,000
Financials
Balance sheet publication:
The subject company does not publish financial
figures.
Legal
Actions
Control
date Year No. Amount
CHF Status
08.02.2017 2017 1 1,149.-- Legal actions
31.12.2016 2016 1 445.-- Request to continue process
31.12.2015 2015 5 1,002,512.-- Opposition filed
31.12.2014 2014 5 1,015,259.-- Opposition filed
31.12.2013 2013 1 1,000,000.-- Opposition filed
31.12.2012 2012 1 382.-- Open legal actions
31.12.2012 2012 2 266.-- Paid legal actions
31.12.2012 2012 1 1,000,000.-- Opposition filed
31.12.2012 2012 1 1,014.-- Threat of bankruptcy-liquidation
31.12.2011 2011 5 15,610.-- Paid legal actions
31.12.2011 2011 1 1,000,000.-- Opposition filed
31.12.2010 2010 1 663.-- Paid legal actions
31.12.2010 2010 1 1,000,000.-- Opposition filed
31.12.2009 2009 1 5,380.-- Open legal actions
31.12.2009 2009 1 1,000,000.-- Opposition filed
31.12.2009 2009 2 9,768.-- Threat of bankruptcy-liquidation
31.12.2008 2008 1 1,000,000.-- Legal actions
31.12.2008 2008 3 1,506.-- Paid legal actions
31.12.2007 2007 7 11,471.-- Legal actions
31.12.2007 2007 5 Paid legal
actions
31.12.2006 2006 3 Legal
actions
31.12.2006 2006 1 Paid legal
actions
31.12.2006 2006 1 19,754.-- Opposition filed
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
There are irregularities on record.
Debt collection case:
MAY 2015: CHF 421.00, in process.
JUL 2014: CHF 421.00, booked up.
JUL 2014: CHF 12'705.00, in process.
JUL 2014: CHF 585.00, booked up.
JUL 2014: CHF 655.00, paid.
NOV 2013: CHF 471.00, paid.
SEP 2013: CHF 2'124.00, paid.
FEB 2013: CHF 6'496.00, paid.
MAY 2012: CHF 125.00, paid.
JUN 2007: CHF 122.00, booked up.
Remarks
- 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
appears to be good.
Payment experiences: The
financial obligations are met with delays.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
INR 64.87 |
|
|
1 |
INR 90.49 |
|
Euro |
1 |
INR 79.91 |
|
CHF |
1 |
INR 68.37 |
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.