MIRA
INFORM REPORT
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Report Date : |
06.04.2012 |
IDENTIFICATION DETAILS
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Name : |
PRE-MERVO B.V. |
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Registered Office : |
Protonweg 10, |
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Country : |
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Financials (as on) : |
31.12.2009 |
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Date of Incorporation : |
12.06.1997 |
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Com. Reg. No.: |
30105552 |
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Legal Form : |
Private Subsidiary |
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Line of Business : |
Manufacturing prepared feeds and feed ingredients and adjuncts |
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No. of Employees : |
74 |
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 30, 2011
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Country Name |
Previous Rating (30.06.2011) |
Current Rating (30.09.2011) |
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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 and address
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Pre-Mervo B.V. |
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Employees: |
74 |
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Company Type: |
Private
Subsidiary |
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Corporate
Family: |
11 Companies |
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Ultimate Parent:
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Agrifirm Holding
B.V. |
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Incorporation
Date: |
12-Jul-1997 |
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Fiscal Year End:
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31-Dec-2009 |
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Reporting
Currency: |
Euro |
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Annual Sales: |
117.1 |
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Total Assets: |
27.9 |
Business Description
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Pre-Mervo B.V. is primarily engaged in
manufacturing prepared feeds and feed ingredients and adjuncts for animals
and fowls, except dogs and cats. Included in this industry are poultry and
livestock feed and feed ingredients, such as alfalfa meal, feed supplements,
and feed concentrates and feed premixes. This also includes slaughtering
animals for animal feed. |
Industry
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Industry |
Food Processing |
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ANZSIC 2006: |
1192 - Prepared
Animal and Bird Feed Manufacturing |
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NACE 2002: |
1571 - Manufacture
of prepared feeds for farm animals |
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NAICS 2002: |
311119 - Other
Animal Food Manufacturing |
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1571 -
Manufacture of prepared feeds for farm animals |
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US SIC 1987: |
2048 - Prepared Feed
and Feed Ingredients for Animals and Fowls, Except Dogs and Cats |
Key Executives
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Registered No.(NLD)
30105552
Profit & Loss Item Exchange Rate: USD 1 = EUR 0.7190468
Balance Sheet Item Exchange Rate: USD 1 = EUR 0.6969855
Corporate Overview
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Sales EUR(mil): |
84.2 |
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Assets EUR(mil): |
19.4 |
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Employees: |
74 |
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Fiscal Year End: |
31-Dec-2009 |
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Industry: |
Food Processing |
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Incorporation Date: |
12-Jul-1997 |
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Company Type: |
Private
Subsidiary |
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Quoted Status: |
Not Quoted |
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Registered No.(NLD): |
30105552 |
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Chief executive officer: |
M. Bolscher |
Industry
Codes
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Business
Description
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Financial
Data
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Corporate
Structure News
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Pre-Mervo B.V. |
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Company Name |
Company Type |
Location |
Country |
Industry |
Sales |
Employees |
Source |
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Agrifirm Holding B.V. |
Parent |
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Subsidiary |
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Crops |
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149 |
D&B |
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Subsidiary |
Emmeloord, Flevoland |
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Crops |
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D&B |
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Subsidiary |
Veghel, Noord-Brabant |
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Business Services |
15.0 |
103 |
D&B |
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Subsidiary |
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Food Processing |
117.1 |
74 |
D&B |
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Subsidiary |
Veghel, Noord-Brabant |
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Miscellaneous Financial Services |
1,743.3 |
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D&B |
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Subsidiary |
Grobbendonk |
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Crops |
133.0 |
45 |
EDB |
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Subsidiary |
Köln, Nordrhein-Westfalen |
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Commercial Banks |
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D&B |
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Subsidiary |
Hillegom, Zuid-Holland |
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Miscellaneous Financial Services |
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D&B |
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Subsidiary |
Bischoffsheim |
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Retail (Grocery) |
25.5 |
34 |
D&B |
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Agrifirm Group B.V. |
Subsidiary |
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Abemec B.V. |
Subsidiary |
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Subsidiary |
Veghel, Noord-Brabant |
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Business Services |
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15 |
D&B |
Executives Report
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Annual Profit & Loss
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31-Dec-2009 |
31-Dec-2008 |
31-Dec-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) |
0.719047 |
0.683679 |
0.730637 |
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Consolidated |
No |
No |
No |
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Net sales |
117.1 |
138.1 |
98.0 |
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Other operating income |
1.5 |
1.5 |
1.5 |
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Cost of goods sold |
106.2 |
124.4 |
88.0 |
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Cost of sales |
106.2 |
124.4 |
88.0 |
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Gross profit |
10.9 |
13.7 |
10.0 |
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Total payroll costs |
5.7 |
5.0 |
4.7 |
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Change in value of fixed assets arising from
revaluation |
1.1 |
1.2 |
1.0 |
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Other operating costs |
3.8 |
9.6 |
3.8 |
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Net operating
income |
1.8 |
- |
2.0 |
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Total financial
income |
0.3 |
0.4 |
0.2 |
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Total expenses |
- |
- |
0.0 |
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Profit before tax |
2.1 |
0.0 |
2.2 |
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Profit attributable to minority interest
shareholdings |
- |
- |
0.1 |
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Profit on ordinary activities after tax |
1.6 |
0.0 |
1.7 |
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Extraordinary income |
- |
- |
2.3 |
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Extraordinary result |
- |
- |
2.3 |
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Profit after extraordinary items and
before tax |
- |
- |
2.3 |
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Total taxation |
0.5 |
0.0 |
0.6 |
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Profit after tax |
1.6 |
0.0 |
1.7 |
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Net profit |
1.6 |
0.0 |
4.0 |
Annual Balance Sheet
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Financials in:
USD (mil) |
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31-Dec-2009 |
31-Dec-2008 |
31-Dec-2007 |
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Filed Currency |
EUR |
EUR |
EUR |
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Exchange Rate |
0.696986 |
0.719399 |
0.683971 |
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Consolidated |
No |
No |
No |
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Other reserves |
13.3 |
12.9 |
- |
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Profit brought forward from previous
year(s) |
1.7 |
0.0 |
4.2 |
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Total stockholders
equity |
15.0 |
12.9 |
14.0 |
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Provisions and allowances |
3.7 |
4.5 |
0.9 |
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Trade creditors |
5.8 |
5.8 |
5.5 |
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Total current
liabilities |
9.1 |
8.4 |
8.5 |
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Total
liabilities (including net worth) |
27.9 |
25.8 |
23.4 |
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Total tangible fixed
assets |
5.1 |
5.4 |
5.8 |
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Total asset investment |
0.1 |
0.1 |
0.1 |
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Total
non-current assets |
5.2 |
5.5 |
5.9 |
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Net stocks and work in progress |
4.6 |
4.6 |
4.4 |
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Trade debtors |
4.3 |
5.8 |
5.5 |
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Other receivables |
0.7 |
0.8 |
0.4 |
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Total
receivables |
5.0 |
6.6 |
5.9 |
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Cash and liquid assets |
13.0 |
9.2 |
7.2 |
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Total current
assets |
22.6 |
20.4 |
17.5 |
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Total assets |
27.9 |
25.8 |
23.4 |
Annual Ratios
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Financials in:
USD (mil) |
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31-Dec-2009 |
31-Dec-2008 |
31-Dec-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 |
0.696986 |
0.719399 |
0.683971 |
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Consolidated |
No |
No |
No |
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Current ratio |
2.50 |
2.40 |
2.00 |
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Acid test ratio |
2.00 |
1.90 |
1.50 |
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Current liabilities to net worth |
0.61% |
0.65% |
0.61% |
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Fixed assets to net worth |
0.35% |
0.42% |
0.42% |
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Collection period |
12.90 |
16.20 |
19.20 |
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Stock turnover rate |
26.40 |
28.50 |
24.00 |
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Sales to net working capital |
9.00 |
11.00 |
11.70 |
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Asset turnover |
4.39% |
5.14% |
4.55% |
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Profit margin |
0.02% |
- |
0.02% |
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Return on assets |
0.08% |
- |
0.10% |
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Shareholders' return |
0.15% |
0.00% |
0.17% |
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Sales per employee |
1,256.36 |
1,573.92 |
1,008.54 |
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Profit per employee |
23.01 |
0.17 |
22.35 |
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Return on capital |
0.12% |
0.00% |
0.32% |
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Average wage per employee |
60.70 |
56.45 |
48.17 |
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Net worth |
15.0 |
12.9 |
14.0 |
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Number of employees |
67 |
60 |
71 |
FOREIGN EXCHANGE RATES
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Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
Rs.51.04 |
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|
1 |
Rs.81.08 |
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Euro |
1 |
Rs.67.39 |
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 |
-- |
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.