MIRA INFORM
REPORT
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Report Date : |
25.07.2011 |
IDENTIFICATION DETAILS
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Name : |
ARNOLD KOCK TEXTIL GMBH |
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Registered Office : |
Altenberger Strasse 316, Steinfurt, 48565 |
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Country : |
Germany |
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Financials (as on) : |
31.12.2008 |
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Date of Incorporation : |
01.04.2003 |
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Legal Form : |
Private Independent |
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Line of Business : |
manufacturer and supplier
of textiles |
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 |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
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Status : |
Moderate |
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Payment
Behaviour : |
Unknown |
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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 – March 31st, 2011
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Country Name |
Previous Rating (31.12.2010) |
Current Rating (31.03.2011) |
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Germany |
a1 |
a1 |
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Risk Category |
ECGC
Classification |
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Insignificant |
A1 |
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Low |
A2 |
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Moderate |
B1 |
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High |
B2 |
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Very High |
C1 |
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Restricted |
C2 |
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Off-credit |
D |
Company name & address
Arnold Kock Textil GmbH
Altenberger Strasse 316
Steinfurt, 48565
Germany
Tel: +49 (0) 2552 480
Fax: +49 (0) 2552 48195
Web: www.a-kock.de
synthesis
Employees: 90
Company Type: Private Independent
Incorporation Date:
01-Apr-2003
Financials in: USD
(Millions)
Fiscal Year End:
31-Dec-2008
Reporting Currency: Euro
Annual Sales: 64.7
Total Assets: 18.7
Business Description
Arnold Kock Textil
GmbH is a manufacturer and supplier of textiles. The company processes a
variety of synthetic and natural fibers. It provides bed and table linens and
terry clothes to various hotels, restaurants, nursing homes and hospitals. The
company offers towels and robes in various designs and colours. The company
also offers services that include product design, development and packaging. In
addition, it provides products and services to the pharmaceutical, electrical
and automobile industries.
Industry
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Industry |
Textiles - Non
Apparel |
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ANZSIC 2006: |
1332 - Rope,
Cordage and Twine Manufacturing |
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NACE 2002: |
1754 -
Manufacture of other textiles not elsewhere classified |
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NAICS 2002: |
31499 - All
Other Textile Product Mills |
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UK SIC 2003: |
1754 - Manufacture
of other textiles not elsewhere classified |
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US SIC 1987: |
2299 - Textile
goods, Not Elsewhere Classified |
Key
Executives
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1 - Profit & Loss Item Exchange Rate: USD 1 = EUR 0.6836792
2 - Balance Sheet Item Exchange Rate: USD 1 = EUR 0.7193986
Corporate Overview
Location
Altenberger Strasse 316
Steinfurt, 48565
Germany
Tel: +49 (0) 2552 480
Fax: +49 (0) 2552 48195
Web: www.a-kock.de
Sales EUR(mil): 44.3
Assets EUR(mil): 13.4
Employees: 90
Fiscal Year End: 31-Dec-2008
Industry: Textiles
- Non Apparel
Incorporation Date: 01-Apr-2003
Company Type: Private
Independent
Quoted Status: Not
Quoted
Registered No.(DEU): 3498
Managing director: Bernd
Geene
Contents
· Industry Codes
· Business Description
· Financial Data
· Subsidiaries
· Key Corporate Relationships
Industry Codes
ANZSIC 2006 Codes:
1332 - Rope, Cordage and Twine Manufacturing
NACE 2002 Codes:
1754 - Manufacture of other textiles not elsewhere classified
NAICS 2002 Codes:
31499 - All Other Textile Product Mills
US SIC 1987:
2299 - Textile goods, Not Elsewhere Classified
UK SIC 2003:
1754 - Manufacture of other textiles not elsewhere classified
Business
Description
Arnold Kock Textil GmbH is a manufacturer and supplier of textiles. The
company processes a variety of synthetic and natural fibers. It provides bed
and table linens and terry clothes to various hotels, restaurants, nursing
homes and hospitals. The company offers towels and robes in various designs and
colours. The company also offers services that include product design,
development and packaging. In addition, it provides products and services to
the pharmaceutical, electrical and automobile industries.
Source: OneSource
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Executives |
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Managing director |
Managing Director |
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Annual profit & loss A/c
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31-Dec-2008 |
31-Dec-2007 |
31-Dec-2006 |
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Period Length |
12 Months |
12 Months |
12 Months |
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Filed Currency |
EUR |
EUR |
EUR |
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Exchange Rate
(Period Average) |
0.683679 |
0.730637 |
0.796979 |
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Consolidated |
No |
No |
No |
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Total income |
64.7 |
56.1 |
50.2 |
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Raw materials and services |
53.9 |
43.2 |
38.2 |
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Net sales |
64.7 |
56.1 |
50.2 |
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Change in stock |
-1.1 |
-1.1 |
2.6 |
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Own work capitalised |
- |
- |
0.0 |
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Other operating income |
0.8 |
2.1 |
1.8 |
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Raw materials and consumables employed |
53.9 |
43.2 |
38.2 |
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Other external charges |
0.6 |
0.8 |
2.2 |
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Cost of goods sold |
54.6 |
44.0 |
40.4 |
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Cost of raw materials |
54.6 |
44.0 |
40.4 |
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Taxes and social security costs |
1.0 |
1.1 |
1.1 |
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Total payroll costs |
6.2 |
6.5 |
7.3 |
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Fixed asset depreciation and amortisation |
0.6 |
0.5 |
0.3 |
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Other operating costs |
10.2 |
11.3 |
11.9 |
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Net operating
income |
-1.9 |
0.5 |
0.8 |
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Other income |
0.6 |
0.5 |
0.5 |
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Interest payable on loans |
1.8 |
1.5 |
1.0 |
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Other expenses |
4.6 |
- |
- |
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Total expenses |
5.8 |
1.0 |
0.5 |
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Profit before tax |
-7.8 |
-0.5 |
0.2 |
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Provisions |
0.4 |
0.3 |
0.8 |
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Extraordinary expenses |
7.6 |
- |
- |
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Extraordinary result |
-7.6 |
- |
- |
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Other taxes |
0.0 |
0.0 |
0.0 |
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Total taxation |
0.4 |
0.0 |
0.1 |
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Net profit |
- |
- |
0.1 |
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Net loss |
-15.8 |
-0.5 |
- |
Annual Balance Sheet
Financials
in: USD (mil)
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31-Dec-2008 |
31-Dec-2007 |
31-Dec-2006 |
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Filed Currency |
EUR |
EUR |
EUR |
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Exchange Rate |
0.719399 |
0.683971 |
0.758351 |
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Consolidated |
No |
No |
No |
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Issued capital |
2.8 |
2.9 |
2.6 |
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Capital reserves |
2.8 |
2.9 |
2.6 |
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Unavailable reserves |
0.1 |
0.1 |
0.1 |
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Profits for the year |
-14.7 |
0.4 |
0.8 |
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Profit brought forward from previous
year(s) |
0.3 |
0.9 |
0.7 |
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Total
stockholders equity |
-9.1 |
6.2 |
6.0 |
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Deferred taxation |
- |
0.0 |
0.0 |
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Other provisions |
0.4 |
0.3 |
0.8 |
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Provisions and allowances |
0.4 |
0.3 |
0.8 |
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Taxes and social security |
- |
- |
5.3 |
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Other long-term liabilities |
- |
5.8 |
- |
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Total long-term
liabilities |
- |
5.8 |
5.3 |
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Trade creditors |
0.7 |
4.0 |
1.8 |
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Other loans |
12.3 |
13.1 |
10.2 |
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Taxation and social security |
1.1 |
0.6 |
0.5 |
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Other current liabilities |
- |
0.1 |
0.0 |
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Due to group companies |
0.5 |
- |
- |
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Owing to participants |
12.7 |
14.4 |
2.2 |
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Total current
liabilities |
27.4 |
32.2 |
14.7 |
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Total
liabilities (including net worth) |
18.7 |
44.6 |
26.8 |
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Patents |
0.1 |
0.1 |
0.2 |
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Intangibles |
0.1 |
0.1 |
0.2 |
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Land and buildings |
0.7 |
0.6 |
0.2 |
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Machinery and tools |
0.6 |
0.9 |
0.4 |
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Fixtures and equipment |
0.7 |
0.6 |
0.2 |
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Fixed assets under construction |
- |
0.0 |
0.1 |
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Total tangible
fixed assets |
1.8 |
2.0 |
1.1 |
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Shares held in associated companies |
0.0 |
4.4 |
0.0 |
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Total financial
assets |
0.0 |
4.4 |
0.0 |
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Total
non-current assets |
1.9 |
6.6 |
1.3 |
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Raw materials |
0.9 |
1.2 |
1.0 |
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Work in progress |
4.3 |
3.0 |
5.2 |
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Finished goods |
6.4 |
10.0 |
7.5 |
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Net stocks and work in progress |
11.6 |
14.2 |
13.7 |
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Trade debtors |
1.1 |
6.0 |
3.1 |
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Other receivables |
1.3 |
1.0 |
0.7 |
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Total receivables |
2.7 |
23.4 |
11.3 |
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Owing from associated companies |
0.1 |
16.2 |
7.4 |
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Owing from participants |
0.0 |
0.0 |
- |
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Cash and liquid assets |
2.3 |
0.1 |
0.1 |
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Total current
assets |
16.5 |
37.6 |
25.1 |
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Prepaid expenses and deferred costs |
0.2 |
0.4 |
0.4 |
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Total assets |
18.7 |
44.6 |
26.8 |
Annual Ratios
Financials in: USD
(mil)
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31-Dec-2008 |
31-Dec-2007 |
31-Dec-2006 |
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Period Length |
12 Months |
12 Months |
12 Months |
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Filed Currency |
EUR |
EUR |
EUR |
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Exchange Rate |
0.719399 |
0.683971 |
0.758351 |
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Consolidated |
No |
No |
No |
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Current ratio |
6.05 |
11.69 |
17.13 |
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Acid test ratio |
1.81 |
7.28 |
7.76 |
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Total liabilities to net worth |
-0.30% |
0.61% |
0.33% |
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Net worth to total assets |
-0.05% |
0.01% |
0.02% |
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Current liabilities to net worth |
-0.30% |
0.52% |
0.24% |
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Current liabilities to stock |
0.24% |
0.23% |
0.11% |
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Fixed assets to net worth |
-0.02% |
0.11% |
0.02% |
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Collection period |
62.00 |
365.00 |
215.00 |
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Stock turnover rate |
1.88 |
2.37 |
2.60 |
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Profit margin |
-0.02% |
0.00% |
0.00% |
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Return on assets |
-0.07% |
0.00% |
0.00% |
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Shareholders' return |
0.17% |
-0.01% |
0.00% |
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Sales per employee |
46.11 |
36.94 |
27.04 |
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Profit per employee |
-5.86 |
-0.30 |
0.04 |
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Average wage per employee |
4.39 |
4.25 |
3.92 |
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Net worth |
-9.1 |
6.2 |
6.0 |
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Number of employees |
96 |
111 |
148 |
FOREIGN EXCHANGE RATES
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Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
Rs.44.38 |
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UK Pound |
1 |
Rs.72.34 |
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Euro |
1 |
Rs.63.87 |
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 |
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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NB |
New Business |
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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%)
This report is issued at your request without any risk
and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL) or its
officials.