MIRA INFORM REPORT
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Report Date : |
11.10.2011 |
IDENTIFICATION DETAILS
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Name : |
ACETO FINE CHEM GMBH |
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Registered Office : |
Winterhuder Weg 27, Hamburg, 22085 |
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Country : |
Germany |
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Financials (as on) : |
30.06.2009 |
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Date of Incorporation : |
08.08.1985 |
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Com. Reg. No.: |
34879 |
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Legal Form : |
Private Subsidiary Company |
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Line of Business : |
manufacture of chemical products |
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 – 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
ACETO Fine Chem GmbH
Winterhuder Weg 27
Hamburg, 22085
Germany
Tel: +49 (0) 40 2270260
Fax: +49 (0) 40 2273220
Web: www.aceto-europe.com
Synthesis
Employees: 10
Company Type: Private Subsidiary
Corporate Family: 12
Companies
Ultimate Parent: Aceto
Corporation
Incorporation Date: 08-Aug-1985
Financials in: USD
(Millions)
Fiscal Year End:
30-Jun-2009
Reporting Currency: Euro
Annual Sales: 11.3
Total Assets: 6.0
Business Description
ACETO Fine Chem
GmbH is primarily engaged in manufacture of various chemical products: peptones,
peptone derivatives, other protein substances and their derivatives not
elsewhere classified; chemically modified oils and fats; materials used in the
finishing of textiles and leather; powders and pastes used in soldering,
brazing or welding; substances used to pickle metal; prepared additives for
cements; activated carbon, lubricating oil additives, prepared rubber
accelerators, catalysts and other chemical products for industrial use;
anti-knock preparations, anti-freeze preparations, liquids for hydraulic
transmission; and composite diagnostic or laboratory reagents. This class also
includes: manufacture of writing and drawing ink.
Industry
Industry Chemical Manufacturing
ANZSIC 2006: 1899 - Other Basic
Chemical Product Manufacturing Not Elsewhere Classified
NACE 2002: 2466 - Manufacture
of other chemical products not elsewhere classified
NAICS 2002: 325998 - All Other
Miscellaneous Chemical Product and Preparation Manufacturing
UK SIC 2003: 2466 - Manufacture
of other chemical products not elsewhere classified
US SIC 1987: 2899 - Chemicals
and Chemical Preparations, Not Elsewhere Classified
Key Executives
Name Title
Andreas Muends Geschaftsfuhrer :
Registered No.(DEU): 34879
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
Winterhuder Weg 27
Hamburg, 22085
Germany
Tel: +49 (0) 40 2270260
Fax: +49 (0) 40 2273220
Web: www.aceto-europe.com
Sales EUR(mil): 8.3
Assets EUR(mil): 4.3
Employees: 10
Fiscal Year End: 30-Jun-2009
Industry: Chemical
Manufacturing
Incorporation Date: 08-Aug-1985
Company Type: Private
Subsidiary
Quoted Status: Not
Quoted
Registered No.(DEU): 34879
Geschaftsfuhrer : Andreas Muends
Contents
· Industry Codes
· Business Description
· Financial Data
· Key Corporate Relationships
Industry Codes
ANZSIC 2006 Codes:
3323 - Industrial and Agricultural Chemical Product Wholesaling
1899 - Other Basic Chemical Product Manufacturing Not Elsewhere
Classified
NACE 2002 Codes:
2466 - Manufacture of other chemical products not elsewhere
classified
5155 - Wholesale of chemical products
NAICS 2002 Codes:
4246 - Chemical and Allied Products Merchant Wholesalers
325998 - All Other Miscellaneous Chemical Product and Preparation
Manufacturing
US SIC 1987:
516 - Chemicals and Allied Products
2899 - Chemicals and Chemical Preparations, Not Elsewhere
Classified
UK SIC 2003:
5155 - Wholesale of chemical products
2466 - Manufacture of other chemical products not elsewhere
classified
Business
Description
ACETO Fine Chem
GmbH is primarily engaged in manufacture of various chemical products: peptones,
peptone derivatives, other protein substances and their derivatives not
elsewhere classified; chemically modified oils and fats; materials used in the
finishing of textiles and leather; powders and pastes used in soldering,
brazing or welding; substances used to pickle metal; prepared additives for
cements; activated carbon, lubricating oil additives, prepared rubber
accelerators, catalysts and other chemical products for industrial use;
anti-knock preparations, anti-freeze preparations, liquids for hydraulic
transmission; and composite diagnostic or laboratory reagents. This class also
includes: manufacture of writing and drawing ink.
More Business
Descriptions
Other Chemical and Allied Products Merchant Wholesalers
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Corporate
Family |
Corporate
Structure News: |
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Total Corporate Family Members: 12 |
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Company Name |
Company Type |
Location |
Country |
Industry |
Sales |
Employees |
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Parent |
Lake Success, NY |
United States |
Chemical Manufacturing |
412.4 |
238 |
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Subsidiary |
Port Washington, NY |
United States |
Biotechnology and Drugs |
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100 |
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Subsidiary |
Port Washington, NY |
United States |
Chemical Manufacturing |
11.3 |
35 |
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Subsidiary |
Hamburg, Hamburg |
Germany |
Biotechnology and Drugs |
34.1 |
33 |
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Subsidiary |
Singapore |
Singapore |
Chemical Manufacturing |
1.0 |
20 |
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Subsidiary |
Allendale, NJ |
United States |
Biotechnology and Drugs |
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20 |
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Recently acquired (previously owned by Rising Pharmaceuticals Inc).See corporate
structure news on
Aceto Corporation for details |
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Subsidiary |
Düsseldorf, Nordrhein-Westfalen |
Germany |
Biotechnology and Drugs |
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14 |
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Subsidiary |
Port Washington, NY |
United States |
Paper and Paper Products |
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11 |
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Subsidiary |
Hamburg, Hamburg |
Germany |
Chemical Manufacturing |
11.3 |
10 |
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Subsidiary |
Port Washington, NY |
United States |
Chemical Manufacturing |
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3 |
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Subsidiary |
Chester |
United Kingdom |
Nonclassifiable Industries |
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Executive report
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Executives |
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Geschaftsfuhrer |
Chief Executive Officer |
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Managing director |
Managing Director |
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Managing director |
Managing Director |
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Managing director |
Managing Director |
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Annual Profit & Loss
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30-Jun-2009 |
30-Jun-2008 |
30-Jun-2007 |
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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) |
0.731067 |
0.681859 |
0.766423 |
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Consolidated |
No |
No |
No |
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Total income |
11.3 |
15.0 |
- |
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Raw materials and services |
9.1 |
12.0 |
- |
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Net sales |
11.3 |
15.0 |
- |
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Other operating income |
0.1 |
0.2 |
- |
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Raw materials and consumables employed |
9.1 |
12.0 |
- |
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Other external charges |
0.3 |
0.5 |
- |
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Cost of goods sold |
9.5 |
12.5 |
- |
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Cost of raw materials |
9.5 |
12.5 |
- |
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Taxes and social security costs |
0.1 |
0.1 |
- |
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Total payroll costs |
0.9 |
1.0 |
- |
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Fixed asset depreciation and amortisation |
0.0 |
0.0 |
- |
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Other operating costs |
1.5 |
1.9 |
- |
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Net operating income |
0.3 |
0.8 |
- |
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Other income |
0.0 |
0.0 |
- |
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Interest payable on loans |
- |
0.0 |
- |
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Total expenses |
0.0 |
0.0 |
- |
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Profit before tax |
0.3 |
0.8 |
- |
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Provisions |
0.1 |
0.2 |
0.4 |
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Net profit |
0.3 |
0.8 |
- |
Annual Balance Sheet
Financials in: USD
(mil)
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30-Jun-2009 |
30-Jun-2008 |
30-Jun-2007 |
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Filed Currency |
EUR |
EUR |
EUR |
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Exchange Rate |
0.712936 |
0.634699 |
0.740439 |
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Consolidated |
No |
No |
No |
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Issued capital |
2.5 |
2.8 |
2.4 |
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Capital reserves |
3.2 |
3.6 |
3.1 |
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Profits for the year |
-0.5 |
-0.8 |
-1.4 |
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Profit brought forward from previous year(s) |
-0.7 |
-1.7 |
-2.1 |
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Total stockholders equity |
5.2 |
5.5 |
4.0 |
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Other provisions |
0.1 |
0.2 |
0.4 |
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Provisions and allowances |
0.1 |
0.2 |
0.4 |
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Trade creditors |
0.4 |
0.9 |
0.3 |
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Other loans |
0.0 |
0.0 |
- |
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Taxation and social security |
0.3 |
0.1 |
0.1 |
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Due to group companies |
0.1 |
0.2 |
0.2 |
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Total current liabilities |
0.7 |
1.2 |
0.5 |
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Total liabilities (including net worth) |
6.0 |
6.9 |
5.0 |
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Patents |
0.0 |
0.0 |
0.0 |
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Intangibles |
0.0 |
0.0 |
0.0 |
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Total tangible fixed assets |
0.0 |
0.0 |
0.0 |
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Total non-current assets |
0.0 |
0.0 |
0.0 |
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Finished goods |
2.3 |
3.1 |
1.4 |
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Net stocks and work in progress |
2.3 |
3.1 |
1.4 |
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Trade debtors |
2.5 |
2.2 |
1.6 |
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Other receivables |
0.0 |
0.3 |
0.1 |
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Total receivables |
3.4 |
3.8 |
3.3 |
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Cash and liquid assets |
0.3 |
0.1 |
0.3 |
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Total current assets |
6.0 |
6.9 |
5.0 |
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Prepaid expenses and deferred costs |
0.0 |
0.0 |
0.0 |
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Total assets |
6.0 |
6.9 |
5.0 |
Annual Ratios
Financials in: USD
(mil)
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30-Jun-2009 |
30-Jun-2008 |
30-Jun-2007 |
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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 |
0.712936 |
0.634699 |
0.740439 |
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Consolidated |
No |
No |
No |
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Current ratio |
83.63 |
59.58 |
90.72 |
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Acid test ratio |
52.06 |
33.03 |
64.60 |
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Total liabilities to net worth |
0.01% |
0.02% |
0.01% |
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Net worth to total assets |
0.09% |
0.08% |
0.08% |
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Current liabilities to net worth |
0.01% |
0.02% |
0.01% |
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Current liabilities to stock |
0.03% |
0.04% |
0.04% |
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Fixed assets to net worth |
0.00% |
0.00% |
0.00% |
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Collection period |
770.00 |
489.00 |
- |
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Stock turnover rate |
1.95 |
1.91 |
- |
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Profit margin |
0.00% |
0.01% |
- |
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Return on assets |
0.00% |
0.01% |
- |
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Shareholders' return |
0.01% |
0.02% |
- |
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Sales per employee |
82.66 |
102.42 |
- |
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Profit per employee |
2.02 |
5.27 |
- |
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Average wage per employee |
6.35 |
6.70 |
- |
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Net worth |
5.2 |
5.5 |
4.0 |
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Number of employees |
10 |
10 |
9 |
FOREIGN EXCHANGE RATES
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Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
Rs.49.07 |
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UK Pound |
1 |
Rs.76.65 |
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Euro |
1 |
Rs.66.17 |
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.