MIRA INFORM REPORT

 

 

Report Date :           

20.08.2011

 

IDENTIFICATION DETAILS

 

Name :

VEPLAS VELENJSKA PLASTIKA, D.D. 

 

 

Registered Office :

Cesta Simona Blatnika 11, 3320 Velenje

 

 

Country :

Slovenia

 

 

Financials (as on) :

2010

 

 

Date of Incorporation :

16.02.1978 

 

 

Com. Reg. No.:

No. 10049100 

 

 

Legal Form :

Joint Stock Company

 

 

Line of Business :

Manufacture of other plastic products

 

RATING & COMMENTS

 

MIRA’s Rating :

Ca

 

RATING

STATUS

PROPOSED CREDIT LINE

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

 

Status :

Moderate

 

 

Payment Behaviour :

Irregular

 

 

Litigation :

----

 


 

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 – March 31st, 2011

 

Country Name

Previous Rating

                   (31.12.2010)                  

Current Rating

(31.03.2011)

Slovenia

b1

B1

 

Risk Category

ECGC Classification

Insignificant

 

A1

Low

 

A2

Moderate

 

B1

High

 

B2

Very High

 

C1

Restricted

 

C2

Off-credit

 

D

 


 Bottom of Form

 

COMPANY REPORTED

 

VEPLAS VELENJSKA PLASTIKA, D.D.

 

Principal Address:

CESTA SIMONA BLATNIKA 11

3320 VELENJE

Slovenia

Telephone:        +386-3-898 58 00

Fax:                  +386-3-898 58 34

Email:               veplas@veplas.si 

Web:                http://www.veplas.si 

 

Former company addresses

 

Former Principal Address:

ŠTRBENKOVA CESTA 1

3320 VELENJE

Slovenia

 

ICON number: 557320

National ID: 5099021

Tax number: 67458181

VAT number: SI67458181

 

 

CREDIT INFORMATION SUMMARY  

 

 

Insolvency Information:

According to available information sources the company is not in a insolvency/preliminary/debt regulation proceeding.

 

Maximum Credit:

EUR 0,00

 

On account of the company’s current financial situation refrains from a credit advice.

 

Payment Practices:

Payments are made irregularly.

 

Further Rating Information:

Researched company is categorized as a medium sized company.
Turnover volume of EUR 8.523.103 in the year 2010 increased by 9,39% compared with 2009. In the previous period this change was -3,71%.
Fixed assets decreased by EUR 96.329 and now 77,94% of total assets.

Cash flow from results of EUR 713.272 increased by 35,31% compared with last year result.
Equity of EUR 251.556 compared with total assets indicates a very low level of self-financing.

 

 

Debt Collection:


EUR 3.013,19 (Invoice date: 27.09.2007)
Status: closed positive (21.12.2007) - whole original claim paid
Case received on: 23.11.2007

EUR 1.890,00 (Invoice date: 11.06.2009)
Status: closed negative (07.04.2011) - The client instructed us to abandon the case
Case received on: 23.08.2010

EUR 1.912,90 (Invoice date: 14.09.2010)
Status: court (11.07.2011)
Case received on: 23.05.2011

EUR 5.160,00 (Invoice date: 10.05.2010)
Status: open (21.07.2011)
Case received on: 21.07.2011

Only cases with a single case volume exceeding EUR 500 are shown.

 

 

COMPANY DETAILS   

 

Established:

16.02.1978

 

 

Registration:

No. 10049100 
16.02.1978 
CELJE, Slovenia
savinjska

 

Legal Form:

joint stock company

 

Capital:

Nominal capital:

 

EUR 393.247,68

 

Shareholders:

Full Name

Function

Address

Equity capital

KOGA, marketing in svetovanje d.o.o.
Registration: No. 10148500, 16.04.1990, Slovenia

Shareholder

PODKRAJ PRI VELENJU 7 C
3320 VELENJE
savinjska
Slovenia

70,00%



Shareholders:
OTHER SHAREHOLDERS
Equity: 30,00%

Shareholders on 31.05.2011.

 

Management:

Full Name

Function

Address

SCHARA TOMAŽ
Nationality: SI

Chairman of the supervisory board

Slovenia

VENIŠNIK MAJDA
Nationality: SI

Deputy chairman of the supervisory board

Slovenia

KOPRIVEC GORAN
Nationality: SI

Member of the supervisory board

Slovenia

SOVIČ DUŠAN
Nationality: SI

Member of the supervisory board

Slovenia

VEDENIK GREGOR
Nationality: SI

Member of the supervisory board

Slovenia

VEDENIK FRANC
Nationality: SI

Director

Slovenia



Representative companies: none

 

Related Companies:

Daughter company
VEPLAS MEDIA, DRUŽBA ZA USPOSABLJANJE IN ZAPOSLOVANJE INVALIDOV D.O.O.
3320 VELENJE, CESTA SIMONA BLATNIKA 11
Equity capital: 100,00%

Shareholder of
CORIDA D.O.O. BA
Equity capital: 49,00%

 

 

KEY DATA ON OPERATIONS      

 

Subject of Operation:

NACE
  2229 Manufacture of other plastic products


- production of plastic products
- wholesale and retail trade
- import and export
NACE codes given are based on the most recent NACE Revision 2.

The company is active in the Coface sector 'Mineral products, chemicals, petroleum, plastics, pharmaceuticals and glass '.

 

 

 

Company Development:

Slightly declining business development

 

 

Key Data: 

Amounts shown in Euro (EUR)

 

 

2010

2009

2008

2007

 

TURNOVER

8.523.103

7.791.210

8.091.437

9.114.443

 

FIXED ASSETS

8.355.217

8.451.546

7.343.407

7.278.499

 

EQUITY CAPITAL

251.556

214.428

227.791

1.053.863

 

FINANCIAL AND OPERATING LIABILITIES

10.333.665

10.846.747

9.423.579

9.225.304

 

NET PROFIT FOR THE PERIOD

90.019

37.790

0

0

 

NET LOSS FOR THE PERIOD

0

0

826.071

150.705

 

Operating result - profit

539.222

474.456

0

90.453

 

Operating result - loss

0

0

333.698

0

 

 

2010

2009

2008

2007

Return on Assets (ROA), %
Net result *100 / Total Assets

0,84

0,34

-8,34

-1,45

Return on Equity (ROE), %
Net result *100 / Total Equity

35,78

17,62

-362,64

-14,30

 

 

Workforce:

 

2011

2010

2009

2008

Total workforce

129

129

123

129

 

 

Motor Vehicles:

 

2011

2010

2009

Number of cars

owned: 2

owned: 2

owned: 2

Total number of vehicles

2

2

2

 

Imports:

European Union

Croatia

 

Exports:

 

Austria

Germany

France

Sweden

 

Major Customers:

ARJO (SE), AQUARENA (AT), MEDITECHNIC (DE), AGUSTA WESTLAND (IT/US)

 

 

Major Suppliers:

HELIOS D.O.O. DOMŽALE (SI), VIANOVA (AT)

 

 

Real Estate:

built upon
Address: 
CESTA SIMONA BLATNIKA 11
3320 VELENJE
Slovenia

Type of ownership: owned

built upon
Address: 
DRUŽMIRJE 20
3325 ŠOŠTANJ
Slovenia

Type of ownership: owned

 

 

 

FINANCIAL INFORMATION   

 

Financials: 

Amounts shown in Euro (EUR)  

2010

2009

2008

2007

 

TOTAL ASSETS

10.720.172,00

11.270.645,00

9.899.265,00

10.421.686,00

 

FIXED ASSETS

8.355.217,00

8.451.546,00

7.343.407,00

7.278.499,00

 

Intangible fixed assets

34.286,00

63.712,00

83.094,00

90.249,00

 

Tangible fixed assets

8.309.829,00

8.371.603,00

7.209.029,00

7.144.327,00

 

Investment property measured at the cost model

0,00

0,00

0,00

0,00

 

Long-term investments

9.278,00

12.144,00

45.008,00

35.555,00

 

Long-term investments, excluding Loans

3.825,00

3.825,00

38.952,00

27.196,00

 

Long term loans

5.453,00

8.319,00

6.056,00

8.359,00

 

Long-term operating receivables

1.824,00

4.088,00

6.276,00

8.368,00

 

Deferred tax assets

0,00

0,00

0,00

0,00

 

CURRENT ASSETS

2.346.315,00

2.774.058,00

2.498.950,00

3.105.746,00

 

Non-current assets (disposal groups) for sale

0,00

0,00

0,00

0,00

 

Inventories

1.353.657,00

1.595.867,00

1.537.648,00

1.780.353,00

 

Short-term investments

4.888,00

3.820,00

2.303,00

2.191,00

 

Short term investments, excluding loans

0,00

0,00

0,00

0,00

 

Short term loans

4.888,00

3.820,00

2.303,00

2.191,00

 

Short-term operating receivables

987.769,00

1.116.262,00

921.793,00

1.317.941,00

 

Bank balance, cheques and cash on hand

1,00

58.109,00

37.206,00

5.261,00

 

DEFERRED COSTS AND ACCRUED REVENUES

18.640,00

45.040,00

56.907,00

37.441,00

 

Off-balance sheet assets

84.300,00

113.583,00

129.934,00

60.629,00

 



LIABILITIES

 

TOTAL LIABILITIES

10.720.172,00

11.270.645,00

9.899.265,00

10.421.686,00

 

EQUITY CAPITAL

251.556,00

214.428,00

227.791,00

1.053.863,00

 

Called capital

393.247,00

393.247,00

393.524,00

393.524,00

 

Share capital

393.247,00

393.247,00

393.524,00

393.524,00

 

Uncalled capital (as deduction item)

0,00

0,00

0,00

0,00

 

Capital Surplus

276,00

277,00

0,00

614.636,00

 

Reserves

-104.044,00

-51.153,00

0,00

45.703,00

 

Revaluation surplus

0,00

0,00

0,00

0,00

 

Net profit or loss from previous periods

-37.923,00

-127.942,00

0,00

0,00

 

Net profit for the period

0,00

0,00

0,00

0,00

 

Net loss for the period

0,00

0,00

165.732,00

0,00

 

PROVISIONS AND LONG-TERM ACCRUED COSTS AND DEFFERED REVENUE

118.471,00

151.953,00

153.771,00

138.103,00

 

PROVISIONS

116.770,00

147.112,00

148.668,00

138.103,00

 

Long-term accrued costs and deffered revenue

1.701,00

4.842,00

5.103,00

0,00

 

FINANCIAL AND OPERATING LIABILITIES

10.333.665,00

10.846.747,00

9.423.579,00

9.225.304,00

 

Long-term financial and operating liabilities

5.596.009,00

6.190.917,00

4.596.926,00

4.945.087,00

 

Long-term financial liabilities

5.596.009,00

6.190.917,00

4.596.926,00

4.915.769,00

 

Long-term operating liabilities

0,00

0,00

0,00

29.318,00

 

Deferred tax receivables

0,00

0,00

0,00

0,00

 

Short-term financial and operating liabilities

4.737.656,00

4.655.830,00

4.826.653,00

4.280.217,00

 

Liabilities of disposal groups

0,00

0,00

0,00

0,00

 

Short-term financial liabilities

2.752.635,00

2.076.815,00

2.262.137,00

1.837.461,00

 

Short-term operating liabilities

1.985.021,00

2.579.015,00

2.564.516,00

2.442.756,00

 

ACCRUED COSTS AND DEFERRED REVENUES

16.480,00

57.516,00

94.124,00

4.416,00

 

Off-balance sheet liabilities

84.300,00

113.583,00

129.934,00

60.629,00

 



PROFIT AND LOSS

 

TURNOVER

8.523.103,00

7.791.210,00

8.091.437,00

9.114.443,00

 

OPERATING INCOME

8.483.030,00

7.740.200,00

8.079.297,00

8.967.130,00

 

NET SALES

7.673.976,00

7.189.985,00

7.972.708,00

8.067.344,00

 

CHANGES IN INVENTORIES OF FINISHED GOODS AND WORK-IN-PROGRESS

-143.981,00

-135.971,00

-112.337,00

603.920,00

 

CAPITALIZED OWN PRODUCTS

0,00

0,00

0,00

0,00

 

OTHER OPERATING REVENUE

953.035,00

686.186,00

218.926,00

295.866,00

 

TOTAL EXPENSES

8.433.084,00

7.753.418,00

8.917.509,00

9.265.148,00

 

OPERATING EXPENSES

7.943.808,00

7.265.744,00

8.412.995,00

8.876.677,00

 

Costs of goods, material and services

4.817.178,00

4.559.928,00

5.510.983,00

6.000.266,00

 

Cost of goods, materials sold and costs of materials used

3.703.928,00

3.711.484,00

4.453.241,00

5.178.487,00

 

Costs of services

1.113.250,00

848.444,00

1.057.741,00

821.779,00

 

Labour costs

2.413.433,00

2.142.820,00

2.284.839,00

2.465.144,00

 

Costs of wages and salaries

1.801.339,00

1.550.586,00

1.622.335,00

1.708.356,00

 

Costs of pension insurance

162.575,00

136.444,00

220.907,00

240.246,00

 

Social insurance costs

130.570,00

123.175,00

113.608,00

 

 

Other labour costs

318.949,00

332.615,00

327.989,00

395.807,00

 

Depreciation and amortization costs

623.253,00

489.368,00

551.231,00

352.068,00

 

Depreciation

529.678,00

370.794,00

355.824,00

341.330,00

 

Revaluatory operating expenses from intangible and tangible fixed assets

90,00

5.671,00

10.637,00

1.865,00

 

Revaluatory operating expenses from current operating assets

93.485,00

112.902,00

184.770,00

8.873,00

 

Other operating expenses

89.944,00

73.628,00

65.942,00

59.199,00

 

OPERATING RESULT - PROFIT

539.222,00

474.456,00

0,00

90.453,00

 

OPERATING RESULT - LOSS

0,00

0,00

333.698,00

0,00

 

Financial revenues

35.065,00

6.319,00

6.366,00

76.150,00

 

Financial revenues from equity capital interests

0,00

0,00

0,00

69.316,00

 

Financial revenue from loans

249,00

366,00

478,00

656,00

 

Financial revenues from operating receivables

34.816,00

5.953,00

5.888,00

6.178,00

 

Financial expenses

484.628,00

481.857,00

502.285,00

385.766,00

 

Financial expenses for impairment and write-off's

0,00

27.142,00

0,00

0,00

 

Financial expenses from financial liabilities

445.509,00

393.010,00

462.010,00

365.665,00

 

Financial expenses from operating liabilities

39.119,00

61.705,00

40.275,00

20.101,00

 

EXTRAORDINARY REVENUES

5.008,00

44.691,00

5.774,00

71.163,00

 

EXTRAORDINARY EXPENSES

4.648,00

5.817,00

2.229,00

2.705,00

 

PROFIT BEFORE TAX

90.019,00

37.792,00

-826.072,00

 

 

INCOME TAX

0,00

0,00

0,00

0,00

 

DEFFERED TAXES

0,00

0,00

0,00

0,00

 

NET PROFIT FOR THE PERIOD

90.019,00

37.790,00

0,00

0,00

 

NET LOSS FOR THE PERIOD

0,00

0,00

826.071,00

150.705,00

 

RETAINED NET PROFIT FROM PREVIOUS PERIODS

0,00

0,00

0,00

0,00

 

RETAINED NET LOSS FROM PREVIOUS PERIODS

127.942,00

165.732,00

0,00

0,00

 

DECREASE OF CAPITAL RESERVES

0,00

0,00

614.636,00

0,00

 

DECREASE OF PROFIT RESERVES

0,00

0,00

45.703,00

150.705,00

 

INCREASE OF PROFIT RESERVES

0,00

0,00

0,00

0,00

 

BALANCE SHEET AVAILABLE PROFIT

0,00

0,00

0,00

0,00

 

BALANCE SHEET UNCOVERED LOSS

37.923,00

127.942,00

165.732,00

0,00

 

 

Approximate Exchange Rates:

2010: 0,75 EUR = 1 USD
2009: 0,69 EUR = 1 USD
2008: 0,71 EUR = 1 USD
2007: 0,76 EUR = 1 USD

 

Financial Comments:

Financial data for year 2010 are not audited.

 

Investments:

2009: machinery and equipment
2008: CNC machine
2007: premises (hall)
2006: premises and equipment
2005: equipment

 

Bankers:

HRANILNICA LON, d.d., Kranj - Account no. 60000-0000040326 (Account closed on 20.10.2004)

NOVA LJUBLJANSKA BANKA d.d., Ljubljana - Account no. 02426-0017391858 (Account closed on 07.12.2004)

POŠTNA BANKA SLOVENIJE, d.d. - bančna skupina Nove Kreditne banke Maribor d.d. - Account no. 90672-0000289315
2000 MARIBOR, ULICA VITA KRAIGHERJA 5 (06.06.2011: Active Account)
   - 02.06.2011: Account was blocked
   - 30.05.2011: Account was active
   - 27.05.2011: Account was blocked
   - 21.03.2011: Account was active
   - 18.03.2011: Account was blocked
   - 09.02.2011: Account was active
   - 04.02.2011: Account was blocked
   - 19.01.2011: Account was active
   - 12.01.2011: Account was blocked
   - 15.11.2010: Account was active
   - 10.11.2010: Account was blocked
   - 03.11.2010: Account was active
   - 29.10.2010: Account was blocked
   - 11.10.2010: Account was active
   - 07.10.2010: Account was blocked
   - 13.09.2010: Account was active
   - 09.09.2010: Account was blocked
   - 21.06.2010: Account was active
   - 18.06.2010: Account was blocked
   - 17.05.2010: Account was active
   - 14.05.2010: Account was blocked
   - 28.04.2010: Account was active
   - 21.04.2010: Account was blocked
   - 17.02.2010: Account was active
   - 12.02.2010: Account was blocked
   - 01.02.2010: Account was active
   - 25.01.2010: Account was blocked
   - 07.01.2010: Account was active
   - 31.12.2009: Account was blocked
   - 21.09.2009: Account was active
   - 18.09.2009: Account was blocked
   - 14.09.2009: Account was active
   - 11.09.2009: Account was blocked
   - 20.07.2009: Account was active
   - 14.07.2009: Account was blocked
   - 06.07.2009: Account was active
   - 26.06.2009: Account was blocked
   - 22.06.2009: Account was active
   - 16.06.2009: Account was blocked
   - 08.06.2009: Account was active
   - 01.06.2009: Account was blocked
   - 26.05.2009: Account was active
   - 22.05.2009: Account was blocked
   - 12.05.2009: Account was active
   - 08.05.2009: Account was blocked
   - 08.04.2009: Account was active
   - 30.03.2009: Account was blocked
   - 24.02.2009: Account was active
   - 18.02.2009: Account was blocked
   - 22.12.2008: Account was active
   - 19.12.2008: Account was blocked
   - 21.07.2008: Account was active
   - 18.07.2008: Account was blocked
   - 26.10.2007: Account was active
   - 15.10.2007: Account was blocked

RAIFFEISEN BANKA D.D. - Account no. 24302-9002190220 (Account closed on 29.06.2004)

SKB BANKA D.D. LJUBLJANA - Account no. 03176-1000247766 (Account closed on 08.11.2007)

 

Bank Confirmations:

HRANILNICA LON, d.d., Kranj - 60000-0000040326
Status on 12.01.2008: Account closed on 20.10.2004

NOVA LJUBLJANSKA BANKA d.d., Ljubljana - 02426-0017391858
Status on 12.01.2008: Account closed on 07.12.2004

POŠTNA BANKA SLOVENIJE, d.d. - bančna skupina Nove Kreditne banke Maribor d.d. - 90672-0000289315
Status on 06.06.2011: Active Account
Status on 02.06.2011: Blocked Account
Status on 30.05.2011: Active Account
Status on 27.05.2011: Blocked Account
Status on 21.03.2011: Active Account
Status on 18.03.2011: Blocked Account
Status on 09.02.2011: Active Account
Status on 04.02.2011: Blocked Account
Status on 19.01.2011: Active Account
Status on 12.01.2011: Blocked Account
Status on 15.11.2010: Active Account
Status on 10.11.2010: Blocked Account
Status on 03.11.2010: Active Account
Status on 29.10.2010: Blocked Account
Status on 11.10.2010: Active Account
Status on 07.10.2010: Blocked Account
Status on 13.09.2010: Active Account
Status on 09.09.2010: Blocked Account
Status on 21.06.2010: Active Account
Status on 18.06.2010: Blocked Account
Status on 17.05.2010: Active Account
Status on 14.05.2010: Blocked Account
Status on 28.04.2010: Active Account
Status on 21.04.2010: Blocked Account
Status on 17.02.2010: Active Account
Status on 12.02.2010: Blocked Account
Status on 01.02.2010: Active Account
Status on 25.01.2010: Blocked Account
Status on 07.01.2010: Active Account
Status on 31.12.2009: Blocked Account
Status on 21.09.2009: Active Account
Status on 18.09.2009: Blocked Account
Status on 14.09.2009: Active Account
Status on 11.09.2009: Blocked Account
Status on 20.07.2009: Active Account
Status on 14.07.2009: Blocked Account
Status on 06.07.2009: Active Account
Status on 26.06.2009: Blocked Account
Status on 22.06.2009: Active Account
Status on 16.06.2009: Blocked Account
Status on 08.06.2009: Active Account
Status on 01.06.2009: Blocked Account
Status on 26.05.2009: Active Account
Status on 22.05.2009: Blocked Account
Status on 12.05.2009: Active Account
Status on 08.05.2009: Blocked Account
Status on 08.04.2009: Active Account
Status on 30.03.2009: Blocked Account
Status on 24.02.2009: Active Account
Status on 18.02.2009: Blocked Account
Status on 22.12.2008: Active Account
Status on 19.12.2008: Blocked Account
Status on 21.07.2008: Active Account
Status on 18.07.2008: Blocked Account
Status on 26.10.2007: Active Account
Status on 15.10.2007: Blocked Account

RAIFFEISEN BANKA D.D. - 24302-9002190220
Status on 12.01.2008: Account closed on 29.06.2004

SKB BANKA D.D. LJUBLJANA - 03176-1000247766
Status on 12.01.2008: Account closed on 08.11.2007

 

 

Ratios: 

 

2010

2009

2008

2007

Quick ratio
(Current assets - Inventory)/Current liabilities

0,21

0,25

0,20

0,31

Current ratio ( CR )
Current assets / Current liabilities

0,50

0,60

0,52

0,73

Return on Sales (ROS), %
Net result *100 / Sales

1,17

0,53

-10,36

-1,87

Return on Assets (ROA), %
Net result *100 / Total Assets

0,84

0,34

-8,34

-1,45

Return on Equity (ROE), %
Net result *100 / Total Equity

35,78

17,62

-362,64

-14,30

Cash ratio
Cash / Current liabilities

0,50

0,60

0,52

0,73

Inventory rotation (in days)
(Inventory / Sales) * 365

64,38

81,01

70,40

80,55

Collection Period (in days)
Accounts Receivable *365 / Sales

47,07

56,87

42,49

60,01

Days purchase in payables
(Current Liabilities / Turnover) * No. of days in period

202,89

218,11

217,73

171,41

Sales to Total Assets
Sales / Total assets

0,72

0,64

0,81

0,77

Debt Ratio
(Short-term liabilities + Long-term liabilities) / Total Assets

0,96

0,96

0,95

0,89

Leverage
Long Term Liabilities / Total Equity

22,25

28,87

20,18

4,69

 




ADDITIONAL INFORMATION      

 

Contact With Company:

Mr Drago Vrabič

 

 

Additional information:

Number of founders: 4

 

 

Certificates:

ISO 9001:2008

 

 

Short Company name:

VEPLAS, D.D.

 

 

 


FOREIGN EXCHANGE RATES

 

Currency

Unit

Indian Rupees

US Dollar

1

Rs.45.61

UK Pound

1

Rs.75.32

Euro

1

Rs.65.68

 

 

RATING EXPLANATIONS

 

RATING

STATUS

 

 

PROPOSED CREDIT LINE

>86

Aaa

Possesses an extremely sound financial base with the strongest capability for timely payment of interest and principal sums

 

Unlimited

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

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

41-55

Ba

Overall operation is considered normal. Capable to meet normal commitments.

 

Satisfactory

26-40

B

Capability to overcome financial difficulties seems comparatively below average.

 

Small

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

<10

C

Absolute credit risk exists. Caution needed to be exercised

 

 

Credit not recommended

----

NB

New Business

----

 

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%)

 

 

 

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.