MIRA INFORM REPORT
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Report Date : |
18.11.2011 |
IDENTIFICATION DETAILS
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Name : |
SOUFFLET NEGOCE |
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Registered Office : |
Quai Du General Sarrail, Nogent Sur Seine, 10400 |
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Country : |
France |
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Financials (as on) : |
30.06.2010 |
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Date of Incorporation : |
15.06.1988 |
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Com. Reg. No.: |
345322846 |
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Legal Form : |
Private Subsidiary Company |
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Line of Business : |
Wholesale of grain, seeds and animal feeds |
RATING & COMMENTS
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MIRA’s Rating : |
Ba |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
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Status : |
Satisfactory |
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Payment
Behaviour : |
No Complaints |
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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 – September 30th, 2011
|
Country Name |
Previous Rating (30.06.2011) |
Current Rating (30.09.2011) |
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France |
a2 |
a2 |
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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
Soufflet Negoce
Quai Du General Sarrail
Nogent Sur Seine, 10400
France
Tel: +33 03 25 39 41 11
Fax: +33 03 25 39 72 92
Synthesis
Employees: 35
Company Type: Private Subsidiary
Corporate Family: 35
Companies
Ultimate Parent: Etablissements J. Soufflet SA
Incorporation Date:
15-Jun-1988
Financials in: USD
(Millions)
Fiscal Year End:
30-Jun-2009
Reporting Currency: Euro
Annual Sales: 1,478.7
Total Assets: 137.8
Business Description
Soufflet Negoce is
primarily engaged in wholesale of grain, seeds and animal feeds. This class
also includes: wholesale of seed potatoes; wholesale of feed for farm animals;
and wholesale of material, residues and by-products used for animal feed.
Industry
Industry Crops
ANZSIC 2006: 3312 - Cereal
Grain Wholesaling
NACE 2002: 5121 - Wholesale
of grain, seeds and animal feeds
NAICS 2002: 424510 - Grain and
Field Bean Merchant Wholesalers
UK SIC 2003: 5121 - Wholesale
of grain, seeds and animal feeds
US SIC 1987: 5153 - Grain and
Field Beans
Key Executives
|
Name |
Title |
|
Loic Desselas |
President |
|
Jean-Michel Soufflet |
President |
|
Laurent Bernasse |
Accounts manager |
|
Olivier Peyre |
Director |
|
Pierre-Marc Picard |
Director |
Registered No.(FRA): 345322846
1 - Profit & Loss Item Exchange Rate: USD 1 = EUR 0.731067
2 - Balance Sheet Item Exchange Rate: USD 1 = EUR 0.7129362
Corporate Overview
Location
Quai Du General Sarrail
Nogent Sur Seine, 10400
France
Tel: +33 03 25 39 41 11
Fax: +33 03 25 39 72 92
Web : www.soufflet-group.com
Sales EUR(mil): 1,081.0
Assets EUR(mil): 98.2
Employees: 35
Fiscal Year End: 30-Jun-2009
Industry: Crops
Incorporation Date: 15-Jun-1988
Company Type: Private Subsidiary
Quoted Status: Not Quoted
Registered No.(FRA): 345322846
President: Loic Desselas
Contents
· Industry Codes
· Business Description
· Financial Data
· Subsidiaries
· Key Corporate Relationships
Industry Codes
ANZSIC 2006 Codes:
3312 - Cereal Grain Wholesaling
3603 - Dairy Produce Wholesaling
NACE 2002 Codes:
5121 - Wholesale of grain, seeds and animal feeds
5133 - Wholesale of dairy produce, eggs and edible oils and fats
NAICS 2002 Codes:
424510 - Grain and Field Bean Merchant Wholesalers
424430 - Dairy Product (except Dried or Canned) Merchant Wholesalers
US SIC 1987:
5143 - Dairy Products, Except Dried or Canned
5153 - Grain and Field Beans
UK SIC 2003:
5121 - Wholesale of grain, seeds and animal feeds
51331 - Wholesale of dairy produce
Business Description
Handling,
transportation and exportation of cereals, oil-seeds and dairy products
More Business Descriptions
Soufflet Negoce is
primarily engaged in wholesale of grain, seeds and animal feeds. This class
also includes: wholesale of seed potatoes; wholesale of feed for farm animals;
and wholesale of material, residues and by-products used for animal feed.
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Corporate
Family |
Corporate
Structure News: |
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Total Corporate Family Members: 35 |
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Company
Name |
Company Type |
Location |
Country |
Industry |
Sales |
Employees |
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Parent |
NOGENT SUR SEINE |
France |
Food Processing |
3,393.0 |
149 |
|
|
|
Subsidiary |
Nogent Sur Seine |
France |
Crops |
1,056.7 |
509 |
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|
Subsidiary |
Villefranche Sur Saone |
France |
Chemical Manufacturing |
87.2 |
149 |
|
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Subsidiary |
Marans |
France |
Crops |
141.9 |
79 |
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|
Subsidiary |
Fleury Les Aubrais |
France |
Chemical Manufacturing |
23.7 |
37 |
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Subsidiary |
Nogent Sur Seine |
France |
Crops |
46.3 |
14 |
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Subsidiary |
Crepy En Valois |
France |
Miscellaneous Financial Services |
13.6 |
14 |
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Subsidiary |
Nogent Sur Seine |
France |
Commercial Banks |
|
14 |
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Subsidiary |
Nogent Sur Seine |
France |
Food Processing |
359.4 |
374 |
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Subsidiary |
Corbeil Essonnes |
France |
Food Processing |
51.3 |
34 |
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Subsidiary |
Nogent Sur Seine |
France |
Oil and Gas Operations |
56.9 |
14 |
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Subsidiary |
Valenciennes |
France |
Food Processing |
199.0 |
202 |
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Subsidiary |
Mas Thibert |
France |
Food Processing |
46.6 |
32 |
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Subsidiary |
Bruxelles |
Belgium |
Food Processing |
148.4 |
142 |
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Belgische
Maalderij-Maatschappij - Societe Belge De Meunerie |
Subsidiary |
Antwerpen |
Belgium |
Crops |
78.7 |
6 |
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Subsidiary |
Nogent Sur Seine |
France |
Beverages (Alcoholic) |
364.5 |
129 |
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Subsidiary |
Nogent-Sur-Seine |
France |
Beverages (Alcoholic) |
124.1 |
104 |
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Subsidiary |
Strasbourg |
France |
Food Processing |
45.1 |
54 |
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Subsidiary |
Nogent-sur-Seine |
France |
Beverages (Alcoholic) |
250.0 |
50 |
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Subsidiary |
Nogent Sur Seine |
France |
Retail (Grocery) |
30.1 |
50 |
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Subsidiary |
Colombelles |
France |
Chemical Manufacturing |
12.8 |
49 |
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Subsidiary |
Nogent Sur Seine |
France |
Crops |
1,478.7 |
35 |
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Subsidiary |
Nogent Sur Seine |
France |
Miscellaneous Transportation |
31.2 |
34 |
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Subsidiary |
Roma, Roma (Rome) |
Italy |
Crops |
0.0 |
2 |
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Subsidiary |
St Michel Sur Orge |
France |
Food Processing |
11.8 |
34 |
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Subsidiary |
Paris |
France |
Food Processing |
63.6 |
20 |
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Subsidiary |
Ridderkerk |
Netherlands |
Food Processing |
66.2 |
105 |
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Subsidiary |
Strasbourg |
France |
Food Processing |
0.4 |
4 |
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Subsidiary |
Nogent Sur Seine |
France |
Business Services |
4.3 |
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Subsidiary |
Nogent Sur Seine |
France |
Miscellaneous Transportation |
4.2 |
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Subsidiary |
Nogent Sur Seine |
France |
Miscellaneous Financial Services |
0.3 |
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Subsidiary |
Nogent Sur Seine |
France |
Food Processing |
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Subsidiary |
Prostejov |
Czech Republic |
Beverages (Alcoholic) |
186.6 |
230 |
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Subsidiary |
Bennekom, Gelderland |
Netherlands |
Business Services |
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Subsidiary |
Nogent Sur Seine |
France |
Food Processing |
38.9 |
4 |
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EXECUTivE REPORT
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Board of Directors |
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Président |
Chairman |
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Executives |
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Président |
President |
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President |
President |
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Director |
Administration Executive |
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Director |
Administration Executive |
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Director |
Administration Executive |
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Accounts manager |
Sales Executive |
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Annual Profit & Loss
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|
30-Jun-2010 |
30-Jun-2009 |
30-Jun-2008 |
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Period Length |
12 Months |
12 Months |
12 Months |
|
Filed Currency |
EUR |
EUR |
EUR |
|
Exchange Rate
(Period Average) |
0.721483 |
0.731067 |
0.681859 |
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Consolidated |
No |
No |
No |
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Total income |
1,129.7 |
1,496.3 |
1,611.2 |
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Net sales |
1,116.3 |
1,478.7 |
1,607.1 |
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Subsidies for operating costs |
- |
- |
0.1 |
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Supplementary operating income |
6.6 |
8.2 |
4.0 |
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Other operating income |
6.8 |
9.4 |
0.0 |
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Other external charges |
114.8 |
133.1 |
106.4 |
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Cost of goods sold |
1,000.9 |
1,348.2 |
1,470.3 |
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Taxes and social security costs |
0.7 |
1.5 |
1.1 |
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Social charges |
1.3 |
1.3 |
1.4 |
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Total payroll costs |
2.8 |
2.6 |
2.9 |
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Cost of stock depreciation and amortisation |
5.9 |
6.7 |
8.2 |
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Fixed asset depreciation and amortisation |
1.6 |
1.6 |
1.6 |
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Other operating costs |
6.7 |
2.1 |
5.9 |
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Total operating costs |
1,133.7 |
1,496.4 |
1,584.5 |
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Net operating income |
- |
- |
26.7 |
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Total financial income |
14.3 |
34.4 |
19.7 |
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Interest payable on loans |
2.3 |
3.9 |
4.5 |
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Other expenses |
9.7 |
34.0 |
18.9 |
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Total expenses |
12.0 |
37.9 |
23.5 |
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Profit before tax |
- |
- |
23.0 |
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Extraordinary income |
1.1 |
0.7 |
4.7 |
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Extraordinary expenses |
0.4 |
0.5 |
27.6 |
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Extraordinary result |
0.6 |
0.2 |
- |
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Total taxation |
- |
- |
0.0 |
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Profit distributed to employees |
0.1 |
0.0 |
0.1 |
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Net profit |
- |
- |
0.0 |
|
Net loss |
1.2 |
3.4 |
- |
Annual Balance Sheet
Financials in: USD
(mil)
|
|
30-Jun-2010 |
30-Jun-2009 |
30-Jun-2008 |
|
Filed Currency |
EUR |
EUR |
EUR |
|
Exchange Rate |
0.816393 |
0.712936 |
0.634699 |
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Consolidated |
No |
No |
No |
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Issued capital |
11.4 |
13.0 |
14.6 |
|
Share premium account |
1.3 |
1.5 |
1.7 |
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Legal reserves |
7.6 |
8.7 |
9.9 |
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Total reserves |
3.2 |
3.6 |
4.1 |
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Profits for the year |
- |
- |
0.0 |
|
Total stockholders equity |
9.4 |
12.0 |
17.5 |
|
Provisions and allowances |
3.4 |
6.6 |
9.0 |
|
Trade creditors |
74.2 |
79.6 |
110.2 |
|
Advances received |
- |
0.0 |
0.0 |
|
Bank loans and overdrafts |
0.3 |
5.8 |
1.7 |
|
Current bank debts |
0.1 |
5.0 |
0.1 |
|
Other loans |
24.5 |
20.9 |
27.3 |
|
Other liabilities |
8.3 |
8.9 |
3.0 |
|
Debts on fixed assets |
0.0 |
0.4 |
0.0 |
|
Income stated in advance |
0.8 |
0.5 |
- |
|
Taxation and social security |
1.6 |
1.5 |
2.2 |
|
Total current liabilities |
109.6 |
117.1 |
143.1 |
|
Total debts |
109.8 |
117.6 |
144.4 |
|
Regularisation account |
3.3 |
1.6 |
0.9 |
|
Total liabilities (including net worth) |
126.0 |
137.8 |
171.8 |
|
Patents |
0.0 |
0.0 |
0.0 |
|
Other intangibles |
0.3 |
0.5 |
0.7 |
|
Land |
1.0 |
1.2 |
1.3 |
|
Buildings |
4.2 |
4.9 |
6.2 |
|
Other fixed assets |
1.5 |
2.8 |
0.9 |
|
Long-term investments |
5.3 |
6.0 |
6.8 |
|
Other financial assets |
0.1 |
0.1 |
0.1 |
|
Total non-current assets |
12.5 |
15.6 |
16.1 |
|
Net stocks and work in progress |
23.2 |
24.5 |
27.0 |
|
Trade debtors |
71.5 |
68.3 |
62.7 |
|
Other receivables |
8.4 |
21.1 |
44.3 |
|
Prepaid expenses |
0.1 |
0.1 |
0.1 |
|
Cash and liquid assets |
6.2 |
5.1 |
19.0 |
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Total current assets |
109.4 |
119.0 |
153.2 |
|
Prepaid expenses and deferred costs |
4.0 |
3.1 |
2.5 |
|
Total assets |
126.0 |
137.8 |
171.8 |
Annual Ratios
Financials in: USD
(mil)
|
|
30-Jun-2010 |
30-Jun-2009 |
30-Jun-2008 |
|
Period Length |
12 Months |
12 Months |
12 Months |
|
Filed Currency |
EUR |
EUR |
EUR |
|
Exchange Rate |
0.816393 |
0.712936 |
0.634699 |
|
Consolidated |
No |
No |
No |
|
|
|
|
|
|
Current ratio |
1.00 |
1.00 |
1.10 |
|
Quick ratio |
0.80 |
0.80 |
0.90 |
|
Total liabilities to net worth |
21.98% |
14.04% |
10.16% |
|
Net worth to total assets |
0.04% |
0.06% |
0.08% |
|
Collection period |
22.00 |
13.70 |
11.00 |
|
Stock turnover rate |
42.40 |
62.00 |
64.00 |
|
Asset turnover |
7.83% |
11.01% |
10.05% |
|
Profit margin |
- |
- |
0.01% |
|
Return on assets |
- |
- |
0.14% |
|
Shareholders' return |
- |
- |
1.74% |
|
Sales per employee |
160,088.87 |
228,748.93 |
205,371.74 |
|
Profit per employee |
- |
- |
2,934.46 |
|
Average wage per employee |
400.27 |
409.40 |
376.65 |
|
Net worth |
9.4 |
12.0 |
17.5 |
|
Number of employees |
33 |
31 |
35 |
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.50.72 |
|
UK Pound |
1 |
Rs.79.88 |
|
Euro |
1 |
Rs.68.64 |
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%)
This report is issued at your request without any
risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL)
or its officials.