MIRA INFORM REPORT
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Report Date : |
21.04.2012 |
IDENTIFICATION DETAILS
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Name : |
TYROLIT CEE K.S. |
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Registered Office : |
Tovární 363 , 294 71 Benátky nad Jizerou |
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Country : |
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Financials (as on) : |
31.12.2011 |
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Date of Incorporation : |
20.01.2006 |
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Com. Reg. No.: |
A/53530 |
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Legal Form : |
Limited Partnership |
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Line of Business : |
Wholesale of hardware, plumbing and heating equipment and supplies |
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No. of Employees
: |
20 |
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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Maximum Credit Limit : |
CZK
3 000 000,- |
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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, 2012
|
Country Name |
Previous Rating (31.12.2011) |
Current Rating (31.03.2012) |
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Czech republic
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b1 |
b1 |
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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 |
TYROLIT CEE k.s.
Tovární
363
294 71 Benátky nad Jizerou
telephone: 00420/ 326 766 111
telefax: 00420/ 326 766 105
e-mail: zdenek.kubicek@tyrolit.com
Web: www.tyrolit.cz
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Company
development |
Constant company
development |
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Order situation |
Satisfactory
course of business |
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Terms of payment |
mostly within
agreed terms, but partly also delayed |
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Business
connection |
Business connections
appear permissible |
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Credit limit |
CZK
3 000 000,- |
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Legal form |
Limited partnership |
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Foundation |
20/01/2006 - Limited partnership |
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VAT-registration validity from 01.03.2006 |
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Comp. Register |
20/01/2006, Městský soud v Praze, RegNr.:
A/53530 |
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General partner |
CARBORUNDUM
ELECTRITE a.s. (Statistical number: 45148295) |
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Representative |
Ing. Zdeněk
Kubíček (31.05.1974) |
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Limited partner |
ISARIA SHELF,
s.r.o. (Statistical number: 26766736) |
CZK |
5 000,- |
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General Data |
Import and wholesale of grinding and
cutting tools – discs, flap discs diamond saws and saws for dry cutting,
grinding discs and layer stands, standardized grinding articles for precise
machining. |
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Main activity: |
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Export: |
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Import: |
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Address: |
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Staff |
2007 |
57 employees |
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2008 |
55 employees |
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2009 |
24 employees |
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2010 |
26 employees |
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2011 |
20 employees |
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2012 |
20 employees |
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Reduction to number of employees was
caused by transfer of storage activities to the firm |
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Annual Sales |
2007 |
actual sales |
CZK |
592 648 000,- |
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2008 |
actual sales |
CZK |
782 167 000,- |
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2009 |
actual sales |
CZK |
448 136 000,- |
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2010 |
actual sales |
CZK |
408 967 000,- |
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2011 |
actual sales |
CZK |
498 924 000,- |
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Property |
none |
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Real asset at
the address: Tovární 363, 294 71 Benátky nad Jizerou I |
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Balance sheets |
The enclosed balance of 2011 company's own
data, it is authenticated by the auditor. (31.12.2011 - 1 CZK) |
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The enclosed profit/loss account of 2011
company's own data, it is authenticated by the auditor. (31.12.2011 - 1 CZK) |
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Auditor |
PricewaterhouseCoopers
Audit, s.r.o. (Statistical number: 40765521) |
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Remarks |
All the sources
of negative data accessible to public (insolvency registers, databases of
debtors of health insurance institutions, commercial bulletin, collection
database and others) are currently monitored. |
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Business
management: |
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Bankers |
Česká spořitelna, a. s. |
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Copyright:
s.r.o. Praha |
This information is addressed exclusively
to the addressee. Contractor obligates to provide updated information.
Although it is always put maximum effort to collect actual and exact
information, it is not confirmed as delinquency if there are particular inaccurateness
contained within the information, which are not considered as essential in
terms of the objective for which the information is provided to the
addressee. Contractor and recipient conform to the rules of the Name and
Description Security Act, Nub.101/2000. According to the Name and Description
Security Act, recipient has the right to process or to use forwarding data
only for the purpose for which information has been sent to the recipient.
Usage for other purpose is acceptable only in case referring to valid
regulations of the above mentioned act. |
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balance |
31.12.2008 (CZK) |
31.12.2009 (CZK) |
31.12.2010 (CZK) |
31.12.2011 (CZK) |
|
r1 |
TOTAL ASSETS |
245 747 000 |
183 684 000 |
156 996 000 |
137 158 000 |
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r2 |
Receivables for subscriptions |
0 |
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|
0 |
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r3 |
Fixed assets |
0 |
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|
0 |
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r4 |
Intangible fixed
assets |
0 |
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|
0 |
|
r13 |
Tangible fixed
assets |
0 |
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|
0 |
|
r23 |
Long-term
financial assets |
0 |
|
|
0 |
|
r31 |
Current assets |
245 441 000 |
183 610 000 |
156 944 000 |
137 122 000 |
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r32 |
Inventory |
89 237 000 |
18 398 000 |
15 133 000 |
20 082 000 |
|
r33 |
Materials |
1 051 000 |
549 000 |
344 000 |
338 000 |
|
r37 |
Merchandise |
88 186 000 |
17 849 000 |
14 789 000 |
19 744 000 |
|
r39 |
Long-term
receivables |
0 |
|
|
0 |
|
r48 |
Short-term
receivables |
144 375 000 |
158 674 000 |
117 461 000 |
99 917 000 |
|
r49 |
Trade receivables |
138 909 000 |
130 872 000 |
116 463 000 |
99 721 000 |
|
r52 |
Receivables from partners, cooperative
members and association members |
3 910 000 |
26 220 000 |
0 |
|
|
r54 |
Due from state - tax receivable |
1 203 000 |
0 |
606 000 |
|
|
r55 |
Short-term deposits given |
353 000 |
287 000 |
392 000 |
196 000 |
|
r56 |
Estimated receivable |
|
1 295 000 |
0 |
|
|
r58 |
Short-term
financial assets |
11 829 000 |
6 538 000 |
24 350 000 |
17 123 000 |
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r59 |
Cash |
135 000 |
123 000 |
125 000 |
195 000 |
|
r60 |
Bank accounts |
11 694 000 |
6 415 000 |
24 225 000 |
16 928 000 |
|
r63 |
Accruals |
306 000 |
74 000 |
52 000 |
36 000 |
|
r64 |
Deferred expenses |
306 000 |
74 000 |
52 000 |
36 000 |
|
r67 |
TOTAL
LIABILITIES |
245 747 000 |
183 684 000 |
156 996 000 |
137 158 000 |
|
r68 |
Equity |
5 000 |
5 000 |
5 000 |
5 000 |
|
r69 |
Registered
capital |
5 000 |
5 000 |
5 000 |
5 000 |
|
r70 |
Registered capital |
5 000 |
5 000 |
5 000 |
5 000 |
|
r73 |
Capital funds |
0 |
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|
r78 |
Reserve funds,
statutory reserve account for cooperatives, and other retained earnings |
0 |
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|
r85 |
Other sources |
245 742 000 |
183 679 000 |
156 991 000 |
137 153 000 |
|
r86 |
Reserves |
666 000 |
351 000 |
397 000 |
559 000 |
|
r90 |
Other reserves |
666 000 |
351 000 |
397 000 |
559 000 |
|
r91 |
Long-term
payables |
0 |
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|
0 |
|
r102 |
Short-term
payables |
245 076 000 |
183 328 000 |
156 594 000 |
136 594 000 |
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r103 |
Trade payables |
186 040 000 |
132 057 000 |
128 449 000 |
98 716 000 |
|
r106 |
Payables from partners, cooperative
members and association members |
45 058 000 |
45 058 000 |
20 643 000 |
25 006 000 |
|
r107 |
Payroll |
1 591 000 |
365 000 |
661 000 |
710 000 |
|
r108 |
Payables to social securities and health
insurance |
745 000 |
802 000 |
425 000 |
400 000 |
|
r109 |
Due from state - tax liabilities and
subsidies |
256 000 |
482 000 |
129 000 |
481 000 |
|
r110 |
Short-term deposits received |
1 785 000 |
1 266 000 |
1 649 000 |
5 795 000 |
|
r112 |
Estimated payables |
9 601 000 |
3 298 000 |
4 638 000 |
5 486 000 |
|
r114 |
Bank loans and
financial accommodations |
0 |
0 |
0 |
0 |
|
r115 |
Long-term bank loans |
0 |
0 |
0 |
0 |
|
r116 |
Short-term bank loans |
0 |
0 |
0 |
0 |
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r117 |
Short-term accommodations |
0 |
0 |
0 |
0 |
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r118 |
Accruals |
0 |
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0 |
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profit/loss
account |
31.12.2008 (CZK) |
31.12.2009 (CZK) |
31.12.2010 (CZK) |
31.12.2011 (CZK) |
|
a1 |
Turnover |
782 167 000 |
448 136 000 |
408 967 000 |
498 924 000 |
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a2 |
Revenues from sold goods |
770 475 000 |
445 132 000 |
407 016 000 |
496 634 000 |
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a3 |
Expenses on sold goods |
667 091 000 |
368 471 000 |
319 521 000 |
397 246 000 |
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a4 |
Sale margin |
103 384 000 |
76 661 000 |
87 495 000 |
99 388 000 |
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a5 |
Production |
11 692 000 |
3 004 000 |
1 951 000 |
2 290 000 |
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a6 |
Revenues from own products and services |
11 692 000 |
3 004 000 |
1 951 000 |
2 290 000 |
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a9 |
Production
consumption |
65 013 000 |
65 235 000 |
52 429 000 |
57 689 000 |
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a10 |
Consumption of material and energy |
10 877 000 |
2 446 000 |
2 006 000 |
2 556 000 |
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a11 |
Services |
54 136 000 |
62 789 000 |
50 423 000 |
55 133 000 |
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a12 |
Added value |
50 063 000 |
14 430 000 |
37 017 000 |
43 989 000 |
|
a13 |
Personnel
expenses |
32 847 000 |
20 753 000 |
15 764 000 |
19 503 000 |
|
a14 |
Wages and salaries |
25 182 000 |
16 263 000 |
11 538 000 |
14 367 000 |
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a16 |
Social security expenses and health
insurance |
7 355 000 |
4 348 000 |
4 118 000 |
5 025 000 |
|
a17 |
Other social expenses |
310 000 |
142 000 |
108 000 |
111 000 |
|
a18 |
Taxes and fees |
109 000 |
93 000 |
300 000 |
20 000 |
|
a19 |
Depreciations of intangible and tangible
assets |
0 |
|
|
0 |
|
a20 |
Revenues from
disposals of fixed assets and materials |
40 000 |
24 000 |
6 000 |
20 000 |
|
a21 |
Revenues from disposals of fixed assets |
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|
|
20 000 |
|
a22 |
Revenues from disposals of materials |
40 000 |
24 000 |
6 000 |
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a23 |
Net book value of
disposed fixed assets and materials |
0 |
|
|
0 |
|
a26 |
Change in operating reserves and
adjustments and complex deferred costs ( + / - ) |
5 048 000 |
9 621 000 |
-1 795 000 |
-1 893 000 |
|
a27 |
Other operating revenues |
1 673 000 |
1 521 000 |
1 510 000 |
1 153 000 |
|
a28 |
Other operating expenses |
3 829 000 |
7 185 000 |
4 224 000 |
4 263 000 |
|
a31 |
Operating profit
/ loss |
9 943 000 |
-21 677 000 |
20 040 000 |
23 269 000 |
|
a43 |
Interest revenues |
117 000 |
52 000 |
12 000 |
10 000 |
|
a44 |
Interest expenses |
0 |
|
|
0 |
|
a45 |
Other financial revenues |
29 751 000 |
8 846 000 |
5 704 000 |
2 388 000 |
|
a46 |
Other financial expenses |
31 363 000 |
9 531 000 |
5 113 000 |
652 000 |
|
a49 |
Profit / loss
from financial operations ( transactions ) |
-1 495 000 |
-633 000 |
603 000 |
1 746 000 |
|
a50 |
Income tax on
ordinary income |
1 000 |
|
|
9 000 |
|
a51 |
Due tax |
1 000 |
|
|
9 000 |
|
a53 |
Operating profit
/ loss ordinary activity |
8 447 000 |
-22 310 000 |
20 643 000 |
25 006 000 |
|
a59 |
Operating profit
/ loss extraordinary activity |
0 |
|
|
0 |
|
a60 |
Transfer profit ( loss ) to partners (+/-) |
8 447 000 |
-22 310 000 |
20 643 000 |
25 006 000 |
|
a61 |
Profit / loss of
current accounting period (+/-) |
0 |
0 |
0 |
0 |
|
a62 |
Profit / loss
before tax (+/-) |
8 448 000 |
-22 310 000 |
20 643 000 |
25 015 000 |
|
|
Receivables
after due date total |
75 183 000 |
42 144 000 |
76 874 000 |
45 501 000 |
|
|
Liabilities
after due date total |
161 042 000 |
29 378 000 |
55 204 000 |
29 520 000 |
|
Balance indices |
|
31.12.2008 |
31.12.2009 |
31.12.2010 |
31.12.2011 |
|
Return on total assets ROA (in %) |
a62/r1 * 100 |
3,44 |
-12,15 |
13,15 |
18,24 |
|
Return on equity ROE (in %) |
a62/r68 * 100 |
168 960,00 |
-446 200,00 |
412 860,00 |
500 300,00 |
|
Return on sales ROS (in %) |
a62/a1 * 100 |
1,08 |
-4,98 |
5,05 |
5,01 |
|
Turnover of receivables (in days) |
r49/a1 * 365 |
64,82 |
106,59 |
103,94 |
72,95 |
|
Turnover of liabilities (in days) |
r103/a1 * 365 |
86,82 |
107,56 |
114,64 |
72,22 |
|
Turnover of inventories (days) |
r32/a1 * 365 |
41,64 |
14,98 |
13,51 |
14,69 |
|
Net working capital (in ths. CZK) |
r31 - r102 - r116 - r117 |
365,00 |
282,00 |
350,00 |
528,00 |
|
Ratio of accounts payable to accounts
receivable (in %) |
(r39+r48) / (r91+r102) * 100 |
58,91 |
n/a |
n/a |
73,15 |
|
Ratio of profit/loss to tangible assets
(in%) |
r3 / a1 * 100 |
0,00 |
n/a |
n/a |
0,00 |
|
Current ratio |
r31 / (r102+r116+r117) |
1,00 |
1,00 |
1,00 |
1,00 |
|
Quick ratio |
(r58+r48) / (r102+r116+r117) |
0,64 |
0,90 |
0,91 |
0,86 |
|
Cash ratio |
r58 / (r102+r116+r117) |
0,05 |
0,04 |
0,16 |
0,13 |
|
Debt ratio I (in %) |
(1-r68/r67) * 100 |
100,00 |
100,00 |
100,00 |
100,00 |
|
Debt ratio II (in %) |
r85/r67 * 100 |
100,00 |
100,00 |
100,00 |
100,00 |
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.51.99 |
|
UK Pound |
1 |
Rs.83.54 |
|
Euro |
1 |
Rs.63.40 |
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 |
|
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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.