MIRA
INFORM REPORT
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Report Date : |
09.04.2008 |
IDENTIFICATION
DETAILS
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Name : |
TIFLEKS 1 |
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Registered Office : |
Ul. Vasil Levski Nr.6 4130 s.Belozem (Pd) |
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Country : |
Bulgaria |
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Date of Incorporation : |
2003 |
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Legal Form : |
Sole Proprietor Limited Liability Company (EOOD) |
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Line of Business : |
Other Textile Weaving |
RATING &
COMMENTS
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MIRA’s Rating : |
B |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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26-40 |
B |
Unfavourable & favourable factors carry similar weight in credit
consideration. Capability to overcome financial difficulties seems
comparatively below average. |
Small |
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Status : |
Small Company |
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Payment Behaviour : |
Unknown |
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Litigation : |
Clear |
COMPANY & LOCATION
TIFLEKS 1
International Name: THIFLEX 1
Registered:
Ul. Vasil Levski Nr.6
4130 s.Belozem (Pd)
Bulgaria
Tel.: +359-3159-2016
ESTABLISHMENT & REGISTRATION
Established in 2003
Registered at Plovdiv district court
Court number 1914/2003
Bulstat: BG
115802046
LEGAL FORM
Sole Proprietor
Limited Liability Company (EOOD)
REGISTERED CAPITAL
BGN 5.000,- the
minimum required for OOD
SHAREHOLDERS
“MAKON” NV
(Belgium) 100%
MANAGEMENT
Mrs. Magdalena
Pulheriya Ernestina Elterman (Belgium)
RELATED COMPANIES
In Bulgaria none
BUSINESS OPERATION
NACE 1725 Other
textile weaving
EXPORT
N.A.
IMPORT
N.A.
TURNOVER
2003: less than BGN 50 000,-
2004: less than BGN 50 000,-
2005: BGN 53 000,-
2006: BGN 49 000,-
2007:
BGN 53 000,-(expected)
NUMBER OF EMPLOYEES
8
REAL ESTATE
Tangible fixed assets 31.12.2005: BGN 1 000
Tangible fixed
assets 31.12.2006: BGN 13 000
MODES OF PAYMENT
No payment
experience is available
FINANCIAL OPINION
Financial position
cannot be evaluated
CREDIT LIMIT
We recommend
operation on fully secured terms
Exchange since for 1998 BGN (denominated lev) = 0.51 EUR
RATING
EXPLANATIONS
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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>86 |
Aaa |
Possesses an extremely sound financial base with the strongest
capability for timely payment of interest and principal sums |
Unlimited |
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71-85 |
Aa |
Possesses adequate working capital. No caution needed for credit
transaction. It has above average (strong) capability for payment of interest
and principal sums |
Large |
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56-70 |
A |
Financial & operational base are regarded healthy. General
unfavourable factors will not cause fatal effect. Satisfactory capability for
payment of interest and principal sums |
Fairly Large |
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41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
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26-40 |
B |
Unfavourable & favourable factors carry similar weight in credit
consideration. Capability to overcome financial difficulties seems
comparatively below average. |
Small |
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11-25 |
Ca |
Adverse factors are apparent. Repayment of interest and principal sums
in default or expected to be in default upon maturity |
Limited with
full security |
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<10 |
C |
Absolute credit risk exists. Caution needed to be exercised |
Credit not
recommended |
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NR |
In view of the lack of information, we have no basis upon which to
recommend credit dealings |
No Rating |
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This score serves as a reference to assess SC’s credit risk
and to set the amount of credit to be extended. It is calculated from a
composite of weighted scores obtained from each of the major sections of this
report. The assessed factors and their relative weights (as indicated through
%) are as follows:
Financial
condition (40%) Ownership
background (20%) Payment
record (10%)
Credit history
(10%) Market trend
(10%) Operational
size (10%)