MIRA
INFORM REPORT
|
Report Date : |
25.06.2011 |
IDENTIFICATION DETAILS
|
Name : |
ATLAS COPCO AIRPOWER NV |
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|
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Registered Office : |
957, Boomsesteenweg, Wilrijk (Antw.) |
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Country : |
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|
|
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Financials (as on) : |
31.12.2009 |
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Date of Incorporation : |
21.06.1937 |
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Com. Reg. No.: |
403992231 |
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Legal Form : |
Limited Company |
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Line of Business : |
Manufacture of fluid power equipment |
RATING & COMMENTS
|
MIRA’s Rating : |
Aa |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
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 |
|
Maximum Credit Limit : |
(€) 75,000,000 |
|
Status : |
Very Good |
|
Payment Behaviour : |
No Complaints |
|
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
|
Country Name |
Previous Rating (31.12.2010) |
Current Rating (31.03.2011) |
|
Belgium |
a1 |
a1 |
|
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 Summary
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|
company details |
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Company Number |
403992231 |
|
Name |
ATLAS COPCO AIRPOWER NV |
|
Address |
957, BOOMSESTEENWEG, WILRIJK (ANTW.) |
|
Post Code |
-- |
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Telephone Number |
038702111 |
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Fax Number |
038702655 |
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Establishment Date |
21-06-1937 |
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Company Status |
ACTIVE |
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Company Type |
Limited company |
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Number of Employees |
2472 |
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Activity Description |
Manufacture of fluid power equipment |
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Activity Code |
28120 |
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Liable For Vat |
yes |
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Currency |
Euro (€) |
Latest Branch Details
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|
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Street |
-- |
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House Number |
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City |
-- |
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Postal Code |
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Trade Registered Number |
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Trade Registered Entry Date |
-- |
Contractor Details
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|
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Registration Number |
-- |
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Contractor Description |
-- |
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Striking Off Date |
-- |
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Latest Event |
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Serial Number |
98760 |
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Event Description |
Appointment commissioner |
Rating and Limit
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|
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Credit Information |
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Credit Limit (€) |
75,000,000 |
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Purchase Limit (€) |
264,000,000 |
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Industry Comparison |
|
|
Industry Average Credit Limit (€) |
725,241 |
Payment Expectations
|
|
|
Payment Expectations |
|
|
Payment Expectation Days |
61.93 |
|
Day Sales Outstanding |
|
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Industry Comparison |
|
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Activity Code |
2812 |
|
Activity
Description |
Manufacture of fluid power equipment |
|
Industry Average
Day Sales Outstanding |
84.91 |
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Industry Average
Payment Expectation Days |
71.64 |
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Industry Quartile Analysis |
|
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Payment
Expectations - Lower |
46.45 |
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Payment Expectations - Median |
76.54 |
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Payment Expectations - Upper |
111.24 |
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|
|
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Day Sales Outstanding - Lower |
20.11 |
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Day Sales Outstanding - Median |
48.18 |
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Day Sales Outstanding - Upper |
76.78 |
Company Shareholder Holding
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|
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Shareholder Detail |
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Company Number |
9298538 |
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Company Name |
ATLAS COPCO AB |
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Address |
SICKLA INDUSTRIVAG 3, 102 23 |
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Postal Code |
0 |
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Country |
|
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Share Percentage |
0 |
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Annual Accounts Date |
01-12-2007 |
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Shareholder Detail |
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Company Number |
439928751 |
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Company Name |
ATLAS COPCO FINANCE |
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Address |
BOOMSESTEENWEG 957, WILRIJK (ANTW.) |
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Postal Code |
2610 |
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Country |
|
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Share Percentage |
100 |
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Annual Accounts Date |
01-12-2006 |
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Shareholder Detail |
|
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Company Number |
452503614 |
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Company Name |
ATLAS COPCO RENTAL |
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Address |
ANTWERPSESTEENWEG 50, RUMST |
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Postal Code |
2840 |
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Country |
|
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Share Percentage |
99.98 |
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Annual Accounts Date |
01-12-2006 |
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Shareholder Detail |
|
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Company Number |
443607625 |
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Company Name |
ATLAS COPCO COMPRESSOR INTERNATIONAL NV |
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Address |
BOOMSESTEENWEG 957, WILRIJK (ANTW.) |
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Postal Code |
2610 |
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Country |
|
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Share Percentage |
99.20 |
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Annual Accounts Date |
01-12-2006 |
Company Accounts
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|||
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Period |
|||
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Accounts End Date |
31-12-2009 |
31-12-2008 |
31-12-2007 |
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Currency |
EUR |
EUR |
EUR |
|
Weeks |
52 |
52 |
52 |
Profit & Loss
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|||
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Turnover |
1,057,654,553 |
1,514,326,763 |
1,513,189,431 |
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Total Operating Expenses |
834,385,591 |
1,193,780,262 |
1,189,153,485 |
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Operating Result |
223,268,962 |
320,546,501 |
324,035,946 |
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Total Financial Income |
240,259,016 |
496,848,510 |
258,955,725 |
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Total Financial Expenses |
58,190,126 |
95,528,015 |
64,569,409 |
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Results on Ordinary Operations Before Tax |
285,380,729 |
481,164,316 |
392,179,544 |
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Taxation |
56,903,344 |
108,927,529 |
110,599,282 |
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Results on Ordinary Operations After Tax |
228,477,385 |
372,236,787 |
281,580,262 |
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Extraordinary Items |
0 |
623,484 |
349,986,519 |
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Net Result |
228,477,384 |
372,860,272 |
631,566,781 |
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Other Information |
|||
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Dividends |
- |
1,350,000,000 |
- |
|
Director Remuneration |
- |
- |
- |
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Employee Costs |
152,657,922 |
181,420,493 |
174,274,468 |
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- Wages & Salaries |
97,405,603 |
118,236,594 |
112,412,393 |
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- Employee Pension Costs |
6,178,633 |
6,392,338 |
5,551,089 |
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- Social Security Contributions |
41,439,311 |
46,720,526 |
45,264,776 |
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- Other Employee Costs |
7,634,375 |
10,071,035 |
11,046,210 |
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Amortization & Depreciation |
20,724,678 |
16,372,899 |
14,792,780 |
Balance Sheet
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Intangible Fixed Assets |
29,675,530 |
18,645,432 |
3,579,203 |
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Tangible Fixed Assets |
43,227,406 |
47,492,323 |
42,744,010 |
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- Land And Buildings |
24,137,244 |
24,005,059 |
21,945,818 |
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- Plant And Machinery |
18,291,960 |
22,428,163 |
19,908,003 |
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- Other Tangible Assets |
798,202 |
1,059,101 |
890,189 |
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Financial Fixed Assets |
2,175,654,333 |
2,501,950,522 |
3,849,244,522 |
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Total Fixed Assets |
2,248,557,269 |
2,568,088,277 |
3,895,567,735 |
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Inventories |
85,603,266 |
105,605,587 |
96,878,674 |
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- Raw Materials & Consumables |
29,119,094 |
30,548,859 |
29,029,640 |
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- Work in Progress |
14,322,691 |
19,844,411 |
19,741,795 |
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- Finished Goods |
17,717,106 |
25,886,787 |
22,148,810 |
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- Other Stocks |
24,444,375 |
29,325,530 |
25,958,429 |
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Trade Debtors |
-2,055,010,813 |
-2,358,277,597 |
-3,682,529,285 |
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Cash |
40,233 |
352,547 |
188,927 |
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- Miscellaneous Current Assets |
2,196,718,564 |
2,554,665,183 |
3,898,706,002 |
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Total Current Assets |
1,196,472,967 |
1,273,340,256 |
619,781,996 |
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Current Liabilities |
|||
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- Trade Creditors |
141,559,943 |
162,873,381 |
125,547,731 |
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- Short Term Group Loans |
473,684,859 |
1,032,033,733 |
803,592,871 |
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- Other Short Term Loans |
9,914,886 |
13,107,386 |
13,867,384 |
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- Miscellaneous Current Liabilities |
-296,961,776 |
-708,340,771 |
-746,221,476 |
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Total Current Liabilities |
328,197,912 |
499,673,729 |
196,786,510 |
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Long Term Debts |
|||
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- Long Term Group Loans |
309,615,290 |
759,572,733 |
766,126,427 |
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- Other Long Term Loans |
309,615,290 |
759,572,733 |
766,126,427 |
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- Other Long Term Liabilities |
-219,054,852 |
-665,569,874 |
-679,008,573 |
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Total Long Term Debts |
400,175,728 |
853,575,592 |
853,244,281 |
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Shareholders Equity |
|||
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- Issued Share Capital |
1,435,000,000 |
1,435,000,000 |
1,435,000,000 |
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- Share Premium Account |
0 |
0 |
0 |
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- Reserves |
1,281,656,596 |
1,053,179,212 |
2,030,318,940 |
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- Revaluation Reserve |
0 |
0 |
0 |
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Total Shareholders Equity |
2,716,656,596 |
2,488,179,212 |
3,465,318,940 |
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Working Capital |
868,275,055 |
773,666,527 |
422,995,486 |
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Net Worth |
2,686,981,066 |
2,469,533,780 |
3,461,739,737 |
Ratio Analysis
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Trading Performance |
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Results on Ordinary Operations Before Taxation Margin |
26.98 |
31.77 |
25.92 |
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Return On Capital Employed |
9.16 |
14.40 |
9.08 |
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Return On Total Assets Employed |
8.28 |
12.53 |
8.69 |
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Return On Net Assets Employed |
32.87 |
62.19 |
92.71 |
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Sales / Net Working Capital |
1.22 |
1.96 |
3.58 |
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Operating Efficiency |
|||
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Stock Turnover Ratio |
8.09 |
6.97 |
6.40 |
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Debtor Days |
- |
- |
- |
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Creditor Days |
61.93 |
49.80 |
38.54 |
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Short Term Stability |
|||
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Current Ratio |
3.65 |
2.55 |
3.15 |
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Liquidity Ratio / Acid Ratio |
3.38 |
2.34 |
2.66 |
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Current Debt Ratio |
0.12 |
0.20 |
0.06 |
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Long Term Stability |
|||
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Gearing |
40.60 |
103.06 |
67.81 |
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Equity In Percentage |
0.80 |
0.65 |
0.77 |
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Total Debt Ratio |
0.41 |
1.03 |
0.68 |
Company Court Data
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Protested Bills |
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Drawee Name |
-- |
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Drawee Address |
-- |
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Bill Amount |
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Bill Currency |
-- |
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Maturity of Bill (month) |
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Name of Drawer |
-- |
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City of |
-- |
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NSSO Details |
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Name of Defendant |
-- |
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Legal Form of Defendant |
-- |
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Date of Summons |
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|
-- |
Directors
|
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Company Director |
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Full Name |
FREDERIK HANS-OLA MEYER |
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Birth Date |
|
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Position Description |
Director |
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Address |
7 HOGLIDSVAGEN 18246 ENEBYBORG |
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Country |
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Postal Code |
0 |
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Birth Date |
|
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Company Director |
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Full Name |
ALEX CHRISTIAAN JAN BONGAERTS |
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Birth Date |
1960-01-08 |
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Position Description |
Director |
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Address |
17 FUCHSIALAAN KAPELLEN (ANTW.) |
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Country |
-- |
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Postal Code |
2950 |
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Birth Date |
|
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Company Director |
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Full Name |
RONNY LETEN |
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Birth Date |
1956-12-12 |
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Position Description |
Director |
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Address |
32 BELLEKENSSTRAAT MOL |
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Country |
-- |
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Postal Code |
2400 |
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Birth Date |
|
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Company Director |
|
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Full Name |
STEPHAN KUHN |
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Birth Date |
|
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Position Description |
Director |
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Address |
1 COCKERILLKAAI ANTWERPEN |
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Country |
-- |
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Postal Code |
2000 |
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.44.94 |
|
|
1 |
Rs.71.89 |
|
Euro |
1 |
Rs.64.09 |
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%)
This report is issued at your request without any
risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL)
or its officials.