MIRA INFORM REPORT

 

 

Report Date :

21.02.2011

 

IDENTIFICATION DETAILS

 

Correct Name :

FUND COMPANY ALLIANCE, LLC

 

 

Registered Office :

Poperechnyy lane, Odessa, Odessa region, 65000

 

 

Country :

Ukraine

 

 

Financials (as on) :

31.12.2009

 

 

Date of Incorporation :

05.08.2005

 

 

Com. Reg. No.:

33720241

 

 

Legal Form :

Limited Liability Company

 

 

Line of Business :

Wholesale Trade- Durable Goods

 

RATING & COMMENTS

 

MIRA’s Rating :

C

 

RATING

STATUS

PROPOSED CREDIT LINE

<10

C

Absolute credit risk exists. Caution needed to be exercised

Credit not recommended

 

Status :

Poor

 

 

Payment Behaviour :

Unknown

 

 

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 – June 30, 2010

 

Country Name

Previous Rating

                   (01.04.2010)                  

Current Rating

(30.06.2010)

Ukraine

b2

b2

 

Risk Category

ECGC Classification

Insignificant

 

A1

Low

 

A2

Moderate

 

B1

High

 

B2

Very High

 

C1

Restricted

 

C2

Off-credit

 

D

 

COMPANY SUMMARY

 

Identification

 

 

Full Name

:

Tovarystvo z obmezhenoyu vidpovidalnistyu FONDOVA KOMPANIYA ALYANS

Name in English

:

Fund Company Alliance, LLC

 

Office address

:

32 Knyazheskaya str., Odessa, Odessa region, 65000, Ukraine

 

 

 

 

Legal Address

:

7 Poperechnyy lane, Odessa, Odessa region, 65000, Ukraine

 

 

 

 

Contacts

:

-

Phone/fax

:

(+38 048) 345624

-

E-mail

:

sokol_sahar@ukr.net

 

 

 

 

 

 

SUMMARY


Legal Form : TOV (Limited Liability Company by Ukrainian Law)

Incorporation : 2005

Staff : 2

Litigation events : n/a
Remarks on payments : n/a

 

Sales :

221.70 th UAH ( for 12 months, ended 31.12.2009 )

 

0.00 th UAH ( for 12 months, ended 31.12.2008 )

 

Credit Opinion

 

 

Credit Limit

:

0 EUR No credit term to be granted. Cash on delivery only.

 

Incorporation

:

2005

 

Registration Data

 

 

Date of registration

:

05.08.2005

Registration number

:

33720241

Registr. authority

:

Local Executive Committee (Odessa, Odessa region, Ukraine)

 

 

Number of the Certificate of State Registration: 511465 Series of the Certificate: ?01

 

VAT number

:

337202415538

Registr. place

:

Ukraine

 

 

Number of VAT-certificate: 100274822 Date of issue: 22.03.2010

 

Legal Form

:

TOV (Limited Liability Company by Ukrainian Law)

since 05.08.2005

 

 

 

 

Share Capital

:

1 760 000 UAH (registered)

since 17.01.2011

 

 

 

 

Shareholders

:

-

Mr Zhelihovskyy Aleksandr Yevgenyevich (Ukraine)

share n/a

 

 

 

 

 

 

 

 

 

 

There is no information available on the amount of shares belonging to the companys owners (private persons) at the official sources by law. The share amount of owners if those are legal entities is available at the official sources for the most part of companies.

 

Board / Executives

 

 

 

Executives

 

 

Director

:

Mr Hilkovskyy Ivan Aleksandrovich (Ukraine)

 

 

Director

:

Mr Vodopyanov Igor Yuryevich (Ukraine)

 

 

 

 

( the data cancelled since 15.10.2010 )

 

Authorised signature

:

Mr Hilkovskyy Ivan Aleksandrovich

 

 

Mr Vodopyanov Igor Yuryevich

 

 

( the data cancelled since 15.10.2010 )

 

Changes in Registration Data

 

 

- 17.01.2011

:

share capital

 

- 16.11.2010

:

managers, authorised signature

 

- 15.10.2010

:

share capital, managers, authorised signature

 

- 01.02.2010

:

legal address, share capital, managers, authorised signature

 

- 03.02.2009

:

managers, authorised signature

 

- 17.01.2007

:

legal address

 

Activities

:

-

50

WHOLESALE TRADE- DURABLE GOODS

 

 

(NACE 5000: Sale, maintenance and repair of motor vehicles and motorcycles; retail sale of automotive fuel)

-

5143

Dairy Products

 

 

(NACE 5133: Wholesale of dairy produce, eggs and edible oils and fats)

-

5149

Groceries/Products, NEC, NEC

 

 

(NACE 5117: Agents involved in the sale of food, beverages and tobacco)

-

5191

Seeds & Bulbs

 

 

(NACE 5118: Agents specializing in the sale of particular products or ranges of products n.e.c.)

-

5193

Flowers & Nursery Stock

 

 

(NACE 5122: Wholesale of flowers and plants)

 

 

 

 

 

 

Official data.

 

Staff employed

:

2

Official data.

( the data as of 31.12.2009 )

 

 

 

Export

 

 

- 01.10.2010

:

Fiscal period: 9 month(s), currency: UAH

46 533.00

 

 

 

 

 

Germany

 

Import

 

 

- 01.10.2010

:

Fiscal period: 9 month(s), currency: UAH

9 044 609.00

 

 

 

 

 

India, Egypt, Vietnam, Indonesia

 

Facilities

 

 

Real estate

:

unknown ownership:

-

Premises - Office

 

address

:

32 Knyazheskaya str., Odessa, Odessa region, 65000, Ukraine

 

 

 

 

 

Branches

:

 

none

 

 

 

 

 

Subsidiaries and Participation

:

 

none

 

 

 

 

 

 

 

 

Bankers

:

-

Pryvatbank (Ukraine)

 

bank code

:

328704

 

 

 

 

 

Clients

:

-

'Foothold U.G.' (Germany)

 

 

 

 

 

Suppliers

:

-

'ALAGHSAN CO. FOR HERBS & SPICES (Egypt)

 

-

'CATZ INTERNATIONAL B.V.' (Netherlands)

 

-

'NIVL JOINT STOCK COMPANY' (Vietnam)

 

-

KANCOR INGREDIENTS LTD (India)

 

-

Synthite Exports Limited (India)

 

 

 

 

 

Litigation

:

According to the official data as of 15.02.2011, there are no bankruptcy registered in the name of the subject company.

 

 

There are no suits/litigation files recorded in the name of ALYANS company registered at the web-site of the Unified State Register of the Legal Judgements.

 

Remarks on payment

:

No official information is available according to the Ukrainian legislation.

 

 

Financial Elements

 

 
Period, months
 
12

 

 
12

 

 
12

 

 
Ended
 
31.12.2009

 

 
31.12.2008

 

 
31.12.2007

 

 
Currency
 
UAH th

 

 
UAH th

 

 
UAH th

 

 

 
Non-current assets
 
0.00

 

 
0.00

 

 
7.10

 

 
  incl: - Fixed assets
 
0.00

 

 
0.00

 

 
7.10

 

 
        - Financial assets
 
0.00

 

 
0.00

 

 
0.00

 

 
Current assets
 
262.80

 

 
0.00

 

 
0.00

 

 
  incl: - Stock
 
0.00

 

 
0.00

 

 
0.00

 

 
        - Debtors
 
231.20

 

 
0.00

 

 
0.00

 

 
        - Cash
 
1.20

 

 
0.00

 

 
0.00

 

 
ASSETS TOTAL
 
262.80

 

 
0.00

 

 
7.10

 

 
Equity
 
-54.70

 

 
-0.60

 

 
6.60

 

 
  incl: - Share capital
 
31.00

 

 
31.00

 

 
31.00

 

 
Liabilities Total
 
317.50

 

 
0.60

 

 
0.50

 

 
  incl: - Long-term liabilities
 
0.00

 

 
0.00

 

 
0.00

 

 
        - Short-term liabilities
 
317.50

 

 
0.60

 

 
0.50

 

 
EQUITY AND LIABILITIES TOTAL
 
262.80

 

 
0.00

 

 
7.10

 

 
Net sales
 
221.70

 

 
0.00

 

 
0.00

 

 
Cost of goods sold

 

 

 

 

 

 

 
Operating profit

 

 

 

 

 

 

 
Profit before taxation
 
-54.10

 

 
-7.00

 

 
-2.20

 

 
Net profit
 
-54.10

 

 
-7.00

 

 
-2.20

 

 

 
- - - - - - - KEY RATIOS - - - - - - -

 

 

 

 

 

 

 
Return on sales, %
 
-24.40

 

 
0.00

 

 
0.00

 

 
  Profit before taxation / Net sales

 

 

 

 

 

 

 
Operating margin of profit, %

 

 

 

 

 

 

 
  Operating profit / Net sales

 

 

 

 

 

 

 
Return on investment, %
 
98.90

 

 
1 166.67

 

 
-33.33

 

 
  Profit before taxation / Equity

 

 

 

 

 

 

 
Current assets turnover
 
0.84

 

 
0.00

 

 
0.00

 

 
  Net sales / Current assets

 

 

 

 

 

 

 
Working capital
 
-54.70

 

 
-0.60

 

 
-0.50

 

 
  Current assets - Short-term liabilities

 

 

 

 

 

 

 
Leverage
 
-0.21

 

 
0.00

 

 
0.93

 

 
  Equity / Total assets

 

 

 

 

 

 

 
Current ratio
 
0.83

 

 
0.00

 

 
0.00

 

 
  Current assets / Short-term liabilities

 

 

 

 

 

 

 
Quick ratio
 
0.83

 

 
0.00

 

 
0.00

 

 
  (Current assets - Stock) / Short-term liabilities

 

 

 

 

 

 

 
Debt-to-equity ratio
 
-5.80

 

 
-1.00

 

 
0.08

 

 
  Total liabilities / Equity

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

There is no companys financial report for 9 months 2010 at the official accessible sources.

 

 

The company is registered as a taxpayer at the State Tax Administration.

 

FINAL COMMENTS

 

 

 

The information given in this report was collected from all the sources accessible. We contacted Mrs Tatyana Ivanovna (officer) on 15.02.2011 by the tel. number: +38 048 345624. She provided us with the contact data, address and name of the Company.We sent the letter (of inquiry) to the Company by the e-mail: sokol_sahar@ukr.net, but there was no reply received by now. If we receive additional information we will inform you at once. Consumer question about Deutsche Bank trust Co. Americas is not confirm.

 

 

 

Capital History

 

 

- 01.02.2010

:

680 000 UAH (registered)

 

 

( the data as of 01.02.2010, cancelled since 14.10.2010 )

COUNTRY REVIEW

 

UKRAINIAN COUNTRY REVIEW, UPDATE AS OF AUGUST 2010 (DATA OF THE MINISTRY OF ECONOMICS)
 
Gross Domestic ProductBy a preliminary estimate, GDP in the first quarter of 2010, (in invariable prices 
of 2007) grew by 4.8% in comparison with the first quarter of 2009.
 
Real GDP for 2009 in comparison with 2008 decreased by 15.1%, nominal GDP for the reporting period amounted to 914.7 bln UAH .
 
Reduction of gross added cost in 2009 compared to 2008 has occurred in construction (by 45.9%), processing industry (by 26.6%), commerce (by 15.7%), production and distribution of electricity, gas and water (11.7%), extraction industry (by 10.5%), transport and communication (by 9.1%).
 
Industrial sector
The volume of industrial production for January-June 2010 compared to the relevant 
period of the last year increased by 12.0%. Industrial output of processing industry grew by 13.8%, extraction industry - by 6,1%, production and distribution of electricity, gas and water - by 12.5%.
 
In June 2010 compared to May 2010 the total industrial output decreased by 0.5%.
 
 
In the processing industry production output decreased by 0.4%. The volume of industrial production reduced significantly among enterprises of metallurgical production and manufacturing of finished metal products - by 11.0%, coke production, petrole
um refining products - by 10.1%. However, production increased in light industry (by 20.2%), pulp and paper production, publishing (by 9.6%), mechanical engineering (7.6%) and wood processing and manufacturing of wood products, except furniture (by 
6.7%), manufacture of other nonmetallic mineral products (by 3.4%), 
food beverages and tobacco (by 2.7%).
 
In the mining industry industrial output decreased compared to May 2010 by 2.7%, including industrial output in mining operations, except energy minerals mining which decreased by 4.1% and mining of energy minerals - by 1.6% down.
 
Industrial production for individual activities
Mechanical engineering.* Industrial production of engineering enterprises (machine-building industry) increased by 30.1% in January-June 2010 compared to the relevant period of the last year. The growth of the machinery production is caused by the increase in production at enterprises, which produce railway rolling stock - by 156.
7%, machinery and equipment for agriculture and forestry - by 74.5%, machinery and 
equipment for the mining industry and construction - by 44.6%, production of equipment for radio, television and communication - by 23.7%, electric machines and equipment - by 12.9%, machinery and equipment for metallurgy - by 7.3%,
road transportation - by 2.2%. In January-May 2010 the number of profitable enterprises was 52.2% (last year - 50.7%).
 
*Iron and steel production and manufacture of fabricated metal products.* 
In January-June 2010 industry output compared to the corresponding period in 2009 increased by 19.1%. The metallurgical enterprises showed the 25,7 increase in the output of other types of primary processing of steel, fabricated metal products: +19.8%, iron, steel and ferroalloys: +18.8%, pipes: +13.9%, production of nonferrous metals: +12,8%. In January-May 2010 the number of profitable enterprises was 48.4% (last year - 43.2%).
 
*Chemical and petrochemical industries.* 
Industrial output in January-June 2010 compared to the corresponding period of 2009 increased by 21.4%, including the increase in the production of basic chemical products - by 20,8%, pharmaceutical products - by 37.6% soap and detergents, cleaner and polish, perfume and cosmetics - by 9.2%, varnishes and paints - by 2.5%, rubber 
and plastic products - by 16.7% and 7.7% accordingly. In January-May 2010 the number of profitable enterprises was 63.2% (last year - 62.6%).
 
*Production of food, beverages and tobacco products.* 
Industrial output of the branch in January-June 2010 compared to the corresponding 
period of the last year increased by 0.8%. At the enterprises which produce oils an
d fats production growth was 10.3%, meat industry - 5.3%, confectionery industry - 
4.6%. Production reduced in processing and preservation of fruits and vegetables (by 5.8%), in dairy and beverage industry (by 4.0%), manufacture of tobacco products 
(by 2.3%). In January-May 2010 the number of profitable enterprises was 57.1% (last
 year - 59.2%).
 
*Light industry.* 
In January-June 2010 compared to the corresponding period of the last year output grew by 7.5%. The enterprises of textile manufacture, clothes, fur and fur production output increased by 8.2%, leather production, leather and other materials - by 5.
1%. In January-May 2010 the number of profitable enterprises constituted 52.6% (last year  54.8%).
 
Wholesale and retail trade 
The physical volume of wholesale trade turnover in January-June 2010 compared to the corresponding period of the last year increased by 5.0% (last year - decreased by 24.6%).
Retail trade turnover in January-June 2010 compared to the corresponding period in 
2009 increased by 2.3% (last year - was reduced by 15.2%).
Volume of retail trade of enterprises, which operate in retail trade and restaurant business, in January-June 2010 increased in comparable prices against the same period of the last year by 2.5% (last year - was reduced by 19.9%).
 
Foreign trade in goods
In January-May 2010 export of goods amounted to 18,769.0 mln USD and increased compared to the corresponding period of 2009 by 31.4% and import amounted to 20,869.3 m
ln USD that is 25.9% up. A negative balance of foreign trade amounted to 2,100.3 mln USD (last year negative balance amounted to 2,290.3 mln USD).
Import-export ratio of goods in January-May 2010 amounted to 0.90 (last year - 0.86).
The largest volume of export was supplied to Russian Federation  24.9% of total ex
port, Turkey - 6.6%, Italy - 4.6%, Belarus - 3.5%, Poland - 3.2%, Germany - 3 1%, India - 2.9%. In January-May 2010, compared to the corresponding period of 2009, export to Russia increased by 68.2%, import  2.2 times. The balance of foreign trade with Russia was negative and amounted to 3,054.2 mln USD.
 
The greatest import to Ukraine came from Russia - 37.1% of total imports, Germany - 7.3%, China  6.9%, Poland  4.1%, Belarus - 3.2%, the USA  2.9%, Italy - 2.4%.
 
*Labour market*
During June 2010 the number of citizens who had the status of unemployed has decreased by 4.9% and amounted 398.7 million people as of July 1, 2010. Since 2010 the number of registered unemployed has decreased by 25.0% (in comparison with June 2009 - by 39.5%).
Registered unemployment rate on July 1, 2010 amounted to 1.4% of the population of 
working age. The highest unemployment rate was observed in Zhytomyr (2.6%), Poltava (2.4%), Rivne and Sumy (2.3% each) regions and the lowest one - in Kyiv (0.3%).

 

 

APPENDIX A

 

Financial Statements

 

 

 

 
Period, months
 
12

 

 
12

 

 
12

 

 
Ended
 
31.12.2009

 

 
31.12.2008

 

 
31.12.2007

 

 
Currency
 
UAH th

 

 
UAH th

 

 
UAH th

 

 

 
SMALL ENTREPRENEUR's PROFIT AND LOSS

 

 

 

 

 

 

 
ACCOUNT (s)

 

 

 

 

 

 

 

 

 

 

 

 

 

 
010     Sales revenue (Income from sales of goods, work,
 
221.70

 

 
0.00

 

 
0.00

 

 
           services

 

 

 

 

 

 

 
020     Indirect taxes and other compulsory payments
 
29.90

 

 
0.00

 

 
0.00

 

 
030     Net sales revenue (010-020)
 
191.80

 

 
0.00

 

 
0.00

 

 
040     Other operating income
 
79.90

 

 
0.00

 

 
0.00

 

 
050     Other income from ordinary activity
 
0.00

 

 
0.00

 

 
0.00

 

 
060     Extraordinary income
 
0.00

 

 
0.00

 

 
0.00

 

 
070     Net revenue total (030+040+050+060)
 
271.70

 

 
0.00

 

 
0.00

 

 
080     Change in work-in-progress and finished goods
 
0.00

 

 
0.00

 

 
0.00

 

 

 

 

 

 

 

 

 
090     Tangible expenses
 
51.00

 

 
0.00

 

 
0.00

 

 
100     Payroll costs
 
14.70

 

 
0.00

 

 
0.00

 

 
110     Allocation to social needs
 
6.60

 

 
0.00

 

 
0.00

 

 
120     Amortization charges
 
0.00

 

 
7.00

 

 
2.20

 

 
130     Other operating charges
 
110.70

 

 
0.00

 

 
0.00

 

 
131     incl.
 
0.00

 

 
0.00

 

 
0.00

 

 
140     Cost of sales
 
142.80

 

 
0.00

 

 
0.00

 

 
150     Other ordinary activity expenses
 
0.00

 

 
0.00

 

 
0.00

 

 
160     Extraordinary charges
 
0.00

 

 
0.00

 

 
0.00

 

 
170     Profit tax
 
0.00

 

 
0.00

 

 
0.00

 

 
180     Charges total (090+100+110+120+130+140+150+
 
325.80

 

 
7.00

 

 
2.20

 

 
           +160+170+ -080)

 

 

 

 

 

 

 
190     Net profit (070-180)
 
-54.10

 

 
-7.00

 

 
-2.20

 

 

 

 

 

 

 

 

 
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -

 

 

 

 

 

 

 
BALANCE SHEET

 

 

 

 

 

 

 

 

 

 

 

 

 

 
ASSETS

 

 

 

 

 

 

 

 

 

 

 

 

 

 
            I.   NON-CURRENT ASSETS

 

 

 

 

 

 

 
020       Construction in progress
 
0.00

 

 
0.00

 

 
0.00

 

 
             Fixed assets 

 

 

 

 

 

 

 
030          residual assets
 
0.00

 

 
0.00

 

 
7.10

 

 
031          acquisition cost
 
0.00

 

 
13.00

 

 
13.00

 

 
032          depreciation
 
0.00

 

 
13.00

 

 
5.90

 

 
             Long-term financial assets

 

 

 

 

 

 

 
040       Capital participation in other enterprises    
0.00

 

 
0.00

 

 
0.00

 

 
070       Other non-current assets
 
0.00

 

 
0.00

 

 
0.00

 

 
080       NON-CURRENT ASSETS TOTAL
 
0.00

 

 
0.00

 

 
7.10

 

 

 

 

 

 

 

 

 
            II.   CURRENT ASSETS

 

 

 

 

 

 

 
             Stock

 

 

 

 

 

 

 
100       Raw materials, consumables and supplies
 
0.00

 

 
0.00

 

 
0.00

 

 
130       Finished goods
 
0.00

 

 
0.00

 

 
0.00

 

 
             Trade debtors:

 

 

 

 

 

 

 
160       net realizable value
 
39.00

 

 
0.00

 

 
0.00

 

 
161       acquisition cost
 
39.00

 

 
0.00

 

 
0.00

 

 
162       doubtful debts reserve
 
0.00

 

 
0.00

 

 
0.00

 

 
             Accounts receivable

 

 

 

 

 

 

 
170       Budget accounts receivable
 
1.20

 

 
0.00

 

 
0.00

 

 
210      Other current accounts receivable
 
191.00

 

 
0.00

 

 
0.00

 

 
220      Current financial investments
 
0.00

 

 
0.00

 

 
0.00

 

 
             Cash at bank and in hand

 

 

 

 

 

 

 
230       Funds in local currency
 
1.20

 

 
0.00

 

 
0.00

 

 
240       Funds in foreign currencies
 
0.00

 

 
0.00

 

 
0.00

 

 
250       Other current assets
 
30.40

 

 
0.00

 

 
0.00

 

 
260       CURRENT ASSETS TOTAL
 
262.80

 

 
0.00

 

 
0.00

 

 
270       III.   DEFERRED CHARGES
 
0.00

 

 
0.00

 

 
0.00

 

 

 

 

 

 

 

 

 
280       ASSETS TOTAL
 
262.80

 

 
0.00

 

 
7.10

 

 

 

 

 

 

 

 

 
EQUITY AND LIABILITIES

 

 

 

 

 

 

 

 

 

 

 

 

 

 
            I.   CAPITAL AND RESERVES

 

 

 

 

 

 

 
300       Authorized capital
 
31.00

 

 
31.00

 

 
31.00

 

 
320       Additional contributed capital
 
0.00

 

 
0.00

 

 
0.00

 

 
340       Reserve capital
 
0.00

 

 
0.00

 

 
0.00

 

 
350       Retained earnings (loss)
 
-85.70

 

 
-31.60

 

 
-24.40

 

 
360       Unpaid capital (minus)
 
0.00

 

 
0.00

 

 
0.00

 

 
380       CAPITAL AND RESERVES TOTAL
 
-54.70

 

 
-0.60

 

 
6.60

 

 
430        II.   PROVISIONS FOR EXPENSES AND 
0.00

 

 
0.00

 

 
0.00

 

 
                   LIABILITIES

 

 

 

 

 

 

 
480       III.   LONG-TERM LIABILITIES
 
0.00

 

 
0.00

 

 
0.00

 

 
            IV.   SHORT-TERM LIABILITIES

 

 

 

 

 

 

 
500       Short-term amounts owed to credit institutions
 
0.00

 

 
0.00

 

 
0.00

 

 
510       Short-term portion of long-term liabilities
 
0.00

 

 
0.00

 

 
0.00

 

 

 

 

 

 

 

 

 
530       Trade creditors
 
193.70

 

 
0.20

 

 
0.00

 

 

 

 

 

 

 

 

 
             Accounts payable:

 

 

 

 

 

 

 
550       Budget accounts payable 
0.10

 

 
0.00

 

 
0.00

 

 
570       Insurance payments
 
0.30

 

 
0.00

 

 
0.00

 

 
580       Accrued payroll
 
0.40

 

 
0.40

 

 
0.50

 

 
610       Other short-term liabilities
 
123.00

 

 
0.00

 

 
0.00

 

 
620       SHORT-TERM LIABILITIES TOTAL
 
317.50

 

 
0.60

 

 
0.50

 

 
630      V.   DEFERRED INCOME
 
0.00

 

 
0.00

 

 
0.00

 

 
640      EQUITY AND LIABILITIES TOTAL
 
262.80

 

 
0.00

 

 
7.10

 

 

 

 

 

 

 

 

 

 

 

FOREIGN EXCHANGE RATES

 

Currency
Unit

Indian Rupees

US Dollar

1

Rs.45.18

UK Pound

1

Rs.73.04

Euro

1

Rs.61.43

 

 

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

 

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.