MIRA
INFORM REPORT
|
Report Date : |
28.12.2012 |
IDENTIFICATION DETAILS
|
Name : |
FISIPE-FIBRAS SINTETICAS DE PORTUGAL SA |
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Registered Office : |
Parque Industrial, Apartado 5 Lavradio 2836-908-Lavradio |
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Country : |
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Financials (as on) : |
31.12.2010 |
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Date of Incorporation : |
07.09.1973 |
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Legal Form : |
Joint Stock Company |
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Line of Business : |
Production and sale of acrylic fibers for the textile
industry |
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|
No. of Employees : |
334 |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Status : |
Satisfactory |
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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 – June 30th, 2012
|
Country Name |
Previous Rating (31.03.2011) |
Current Rating (30.06.2012) |
|
Portugal |
A2 |
A2 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
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 |
PORTUGAL - ECONOMIC OVERVIEW
Portugal has become a
diversified and increasingly service-based economy since joining the European
Community - the EU's predecessor - in 1986. Over the past two decades,
successive governments have privatized many state-controlled firms and
liberalized key areas of the economy, including the financial and
telecommunications sectors. The country qualified for the Economic and Monetary
Union (EMU) in 1998 and began circulating the euro on 1 January 2002 along with
11 other EU members. The economy had grown by more than the EU average for much
of the 1990s, but fell back in 2001-08, and contracted 2.5% in 2009, before
growing 1.3% in 2010. But GDP fell again in 2011, as the government implemented
austerity measures, including a 5% public salary cut, a 2% increase in the
value-added tax, and an extraordinary tax on yearend bonuses to comply with
conditions of an EU-IMF financial rescue package agreed to in May 2011. GDP per
capita stands at roughly two-thirds of the EU-27 average. A rigid labor market
has been an obstacle to greater productivity and growth. Portugal also has been
increasingly overshadowed by lower-cost producers in Central Europe and Asia as
a destination for foreign direct investment. Portugal's low competitiveness,
low growth prospects, and high levels of public debt have made it vulnerable to
bond market turbulence. The government reduced the budget deficit from 10.1% of
GDP in 2009 to 4.5% in 2011, an achievement made possible only by the
extraordinary revenues obtained from the one-time transfer of bank pension
funds to the social security system. Investors, however, continue to express
concern about the government's ability to achieve future budget deficit targets
and obtain foreign financing to cover its sovereign debt obligations when the
EU-IMF financing program expires in 2013. Without the option for stimulus
measures, the government is focusing instead on boosting exports and
implementing labor market and other structural reforms to try to raise GDP
growth and increase Portugal's competitiveness - which, over time, may help
mitigate investor concerns.
Source : CIA
Identification
|
|
Summary
|
Financial
Highlights
Business Concept
|
|
All the amounts
are express in Euros, otherwise you will be advised |
Governing Bodies
|
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|
|
Board of Director's |
|
|
AFONSO MANUEL DE ASSIS RODRIGUES DE
BRAGANCA BARROSO |
General Secretary |
|
JURGEN WOLFGANG KOHLER |
Board of Director's President |
|
JOAO MANUEL CAMINHA DOTTI |
Administrator |
|
STEFAN ERNST RICHARD SEIBEL |
Delegate Administrator |
|
WILHELM HAUF |
Administrator |
|
|
|
|
Fiscal Board |
|
|
PEDRO MANUEL DA SILVA LEANDRO |
Fiscal Board Vice-President |
|
LUIS JACINTO PEREIRA |
Fiscal Board Substitute |
|
JOSE MARIA MONTEIRO DE AZEVEDO RODRIGUES |
Fiscal Board President |
|
LUIS MANUEL PAIS ROMAO RIBEIRO MESQUITA |
Fiscal Board Vice-President |
|
ERNST & YOUNG AUDIT & ASSOCIADOS
SROC |
Account Official Reviser |
Legal Structure
|
Registed on the Register Record Office of
Barreiro with the Register Number 500116822 previous number 441 in 04-10-1973 |
|
Constitution celebrated in 07-09-1973
published on Diário da República number 233 of 04-10-1973 |
|
To oblige the company it is necessary 2
signature |
|
Changes to Society |
|
In 22-06-2012 on Portal MJ of 10-07-2012
board of director's change |
|
In 06-06-2012 on Portal MJ of 10-07-2012
board of director's change |
|
In 30-05-2012 on Portal MJ of 10-07-2012
board of director's change |
|
In 30-05-2012 on Portal MJ of 23-07-2012
board of director's change |
|
In 15-07-2009 on Portal MJ of 15-07-2009
board of director's change |
Capital
|
The Capital is 15.500.000,00 |
|
|
with the following shareholders |
|
NEGOFOR SGPS SA |
13.359.450,00 |
86,19% |
Shareholders / Partners Companies
|
NAME |
NEGOFOR SGPS SA |
|
Funtion |
Shareholder |
|
Address |
Avenida da Républica, 44 - 7º |
|
Locality |
Lisboa |
|
C.A.E. |
64202- Activities of holding companies social nonfinancial |
Activities
|
Line of Business |
Percentage |
|
Production and sale of acrylic fibers for the textile industry |
100% |
|
Type of Clients |
Manufacturers |
|
|
|
Sales Conditions |
Credit |
|
|
|
Sales Area |
|
|
|
|
Country |
20% |
Foreign |
80% |
|
Imports from |
SUIÇA,ESPANHA,FRANÇA,ITALIA,JAPĂO,HOLANDA,ESTADOS
UNIDOS DA AMERICA |
|
|
|
Exports |
80% |
to |
ALEMANHA,BELGICA,CANADA,CHINA, REPUBLICA
POPULAR,COLOMBIA,ESPANHA,ESTADOS UNIDOS DA
AMERICA,FRANÇA,GRECIA,HUNGRIA,ITALIA,POLONIA,REINO
UNIDO,TUNISIA,TURQUIA,URUGUAI,ZAMBIA |
|
Trade Marks |
|
Courtelle |
|
Fisivon |
|
Amicar |
|
Dolarit |
|
Dolan |
|
Neochrome |
Banks and Financial Institutions
|
MILLENNIUM BCP |
Rua do Ouro - Lisboa |
|
BANCO SANTANDER TOTTA SA |
Rua do Ouro - Lisboa |
|
BANCO ESPIRITO SANTO, SA |
Sede - Lisboa |
|
CAIXA GERAL DE DEPOSITOS, SA |
Lisboa |
|
BANCO BILBAO VIZCAYA ARGENTARIA
(PORTUGAL), SA |
Lisboa |
Incidents
|
Legal Actions |
|
Date |
Process |
Author |
Type |
Amount |
Judicial District |
Court |
Situation |
|
24-05-2012 |
311/12.2TTBRR |
Jorge Fernandes Gomes |
Acçăo de Processo Comum |
7.508,02 |
Barreiro - Tribunal do Trabalho |
|
|
|
15-12-2011 |
571/11.6TTBRR |
Joăo Manuel dos Santos Batista |
Acçăo de Processo Comum |
2.612,50 |
Barreiro - Tribunal do Trabalho |
|
|
|
04-03-2010 |
139/10.4TTBRR |
Hélder Louçăo Guerreiro |
Acçăo de Processo Comum |
230,49 |
Barreiro - Tribunal do Trabalho |
|
|
|
17-12-2009 |
515/09.5TTBRR |
Luís Guilherme Trindade Anim |
Acçăo de Processo Comum |
6.851,05 |
Barreiro - Tribunal do Trabalho |
|
|
|
16-09-2009 |
367/09.5TTBRR |
Paulo Jorge Faísca de Jesus |
Acçăo de Processo Comum |
31.730,79 |
Barreiro - Tribunal do Trabalho |
|
|
Employees
|
Total |
334 |
Vehicles
|
Trade Mark |
Quantity |
License Number |
|
Uma frota de |
21 |
|
Insurance
|
Império Bonança Companhia de Seguros SA |
Head Office and Installations
|
Head office and factory Parque Industrial,
Apartado 5, Lavradio, 2836-908, LAVRADIO, Tel:212066000, Fax:212066085 |
Participations
|
The subject
participates on the following company(ies) |
|
|
NAME |
MUNDITEXTIL-COMERCIO INTERNACIONAL DE
TEXTEIS UNIPESSOAL LDA |
|
Address |
Parque Industrial do Lavradio, Apartado 3 |
|
Locality |
Lavradio |
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Telephone |
212064246 |
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Fax |
212067020 |
|
E-Mail |
geral@munditextil.pt |
|
Web Site |
www.munditextil.pt |
|
C.A.E. |
13101- Preparation and spinning fiber-type
cotton |
|
Capital |
49.879,79 |
|
Participation |
100% |
Special Information
|
Event |
General Description |
|
Quality Certification |
A titular encontra-se certificada pela
Norma Iso 9001:2000. |
Financial Demonstration SNC
|
Balance Sheet SNC |
||
|
CoinEURO |
|
Date31-12-2010 |
|
|
||
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Closing Date |
31-12-2010 |
31-12-2009 |
-- |
Variaçăo (%) |
|
ASSET |
|
|||
|
|
|
|
|
|
|
Non-current assets |
|
|||
|
Tangible fixed assets |
24.240.243,76 |
12.162.342,41 |
|
99,31 |
|
Intangible assets |
|
827,83 |
|
|
|
Financial participations - patrimonial
equity method |
539.578,79 |
448.891,63 |
|
20,20 |
|
Financial participations - other methods |
29.600,00 |
29.600,00 |
|
|
|
Deferred tax assets |
918.156,52 |
509.102,61 |
|
80,35 |
|
Total |
25.727.579,07 |
13.150.764,48 |
|
95,64 |
|
|
|
|
|
|
|
Current assets |
|
|
||
|
Inventories |
9.244.639,40 |
8.223.197,36 |
|
12,42 |
|
Costumers |
29.979.041,07 |
18.839.230,76 |
|
59,13 |
|
Advances to suppliers |
8.124,54 |
1.651.190,88 |
|
(99,51) |
|
State and other public entities |
930.979,97 |
963.590,89 |
|
(3,38) |
|
Shareholders/partners |
|
29.000,00 |
|
|
|
Other accounts receivable |
1.596.108,96 |
473.171,96 |
|
237,32 |
|
Deferrals |
125.867,56 |
388.364,87 |
|
(67,59) |
|
Cashier and bank deposits |
1.794.151,37 |
2.740.747,55 |
|
(34,54) |
|
Total |
43.678.912,87 |
33.308.494,27 |
|
31,13 |
|
TOTAL ASSET |
69.406.491,94 |
46.459.258,75 |
|
49,39 |
|
|
|
|
|
|
|
SHAREHOLDERS FUNDS AND LIABILITIES |
|
|
||
|
|
|
|
|
|
|
SHAREHOLDERS FUNDS |
|
|
||
|
Capital |
15.500.000,00 |
15.500.000,00 |
|
|
|
Other shareholders funds instruments |
9.500.000,00 |
9.500.000,00 |
|
|
|
Legal reserves |
1.220.612,30 |
1.220.612,30 |
|
|
|
Other reserves |
|
1.351.811,76 |
|
|
|
Net retained |
(5.290.620,93) |
(18.857.182,97) |
|
(71,94) |
|
Adjustments on financial assets |
|
(73.084,00) |
|
|
|
Total |
20.929.991,37 |
8.642.157,09 |
|
142,18 |
|
Net income for the period |
(1.911.953,06) |
3.143.984,72 |
|
(160,81) |
|
TOTAL OF SHAREHOLDERS FUNDS |
19.018.038,31 |
11.786.141,81 |
|
61,36 |
|
|
|
|
|
|
|
LIABILITY |
|
|
||
|
|
|
|
|
|
|
Non-current liiabilities |
|
|
||
|
Provisions |
332.705,91 |
737.976,24 |
|
(54,92) |
|
Financing obtained |
8.187.495,34 |
6.343.454,00 |
|
29,07 |
|
Diferred taxes liabilities |
2.813.112,53 |
72.466,11 |
|
3.781,97 |
|
Other payable accounts |
|
3.633.279,87 |
|
|
|
Total |
11.333.313,78 |
10.787.176,22 |
|
5,06 |
|
|
|
|
|
|
|
Current liabilities |
|
|
||
|
Suppliers |
21.149.185,82 |
17.584.158,27 |
|
20,27 |
|
Advances from costumers |
223.973,61 |
72.676,92 |
|
208,18 |
|
State and other public entities |
356.079,78 |
350.499,62 |
|
1,59 |
|
Financing obtained |
12.626.665,33 |
1.841.227,67 |
|
585,77 |
|
Other payable accounts |
3.315.862,59 |
348.927,86 |
|
850,30 |
|
Deferrals |
1.383.372,72 |
3.688.450,38 |
|
(62,49) |
|
Total |
39.055.139,85 |
23.885.940,72 |
|
63,51 |
|
TOTAL LIABILITIES |
50.388.453,63 |
34.673.116,94 |
|
45,32 |
|
TOTAL SHAREHOLDERS FUNDS AND LIABILITIES |
69.406.491,94 |
46.459.258,75 |
|
49,39 |
|
|
|
|
|
|
|
INCOME STATEMENT |
|
|
||
|
|
|
|
|
|
|
INCOME AND EXPENSES |
|
|
||
|
Sales and services |
110.313.615,58 |
83.533.288,02 |
|
32,06 |
|
Operating government grants |
|
452.895,46 |
|
|
|
Gains/losses allocated subsidiaries,
associates and joint ventures |
90.687,16 |
11.025,84 |
|
722,50 |
|
Variation in production inventories |
631.463,71 |
(1.532.771,87) |
|
(141,20) |
|
Work for the entity itself |
794.272,16 |
615.570,46 |
|
29,03 |
|
Cost of goods sold and materials consumed |
81.917.018,70 |
50.116.476,27 |
|
63,45 |
|
Suppliers and external services |
15.853.171,53 |
13.764.599,76 |
|
15,17 |
|
Personnel costs |
9.835.453,89 |
9.181.466,44 |
|
7,12 |
|
Impairment of inventories
(losses/revearsals) |
(1.456,16) |
|
|
|
|
Impairment of receivables
(losses/revearsals) |
20.543,87 |
193.364,38 |
|
(89,38) |
|
Provisions (increases/reductions) |
514.023,99 |
1.094.585,04 |
|
(53,04) |
|
Other income and gains |
1.063.212,98 |
2.353.567,57 |
|
(54,83) |
|
Other expenses and losses |
836.878,74 |
3.526.076,70 |
|
(76,27) |
|
Result before depreciation, financing
costs and taxes |
3.917.617,03 |
7.557.006,89 |
|
(48,16) |
|
Expenses/reversals of depreciation and
amortization |
3.571.378,17 |
2.473.471,25 |
|
44,39 |
|
Operating result (before financing costs
and taxes) |
346.238,86 |
5.083.535,64 |
|
(93,19) |
|
Interest and similar income obtained |
2.237,49 |
47.515,00 |
|
(95,29) |
|
interest and similar expenses incurred |
2.072.205,00 |
1.806.094,45 |
|
14,73 |
|
Net before taxes |
(1.723.728,65) |
3.324.956,19 |
|
(151,84) |
|
Income tax of the period |
188.224,41 |
180.971,47 |
|
4,01 |
|
Net profit for the period |
(1.911.953,06) |
3.143.984,72 |
|
(160,81) |
RATIOS SNC
|
Closing Date |
31-12-2010 |
31-12-2009 |
-- |
|
|
|
|
|||
|
TURNOVER RATIOS |
|
|||
|
Shareholder's Funds Profitability |
(0,101) |
0,267 |
|
|
|
Assets Profitability |
0,005 |
0,109 |
|
|
|
Sales Net Profitability |
(0,017) |
0,038 |
|
|
|
|
|
|
|
|
|
EFFICIENCY RATIOS |
|
|
||
|
Medium Term Receivable |
99,193 |
82,318 |
|
|
|
Asset Rotation |
1,589 |
1,798 |
|
|
|
|
|
|
|
|
|
PRODUCTIVITY RATIOS |
|
|
||
|
Productivity |
2,887 |
3,64 |
|
|
|
|
|
|
|
|
|
SHORT TERM RATIOS |
|
|
||
|
General Liquidity |
1,118 |
1,394 |
|
|
|
Reduced Liquidity |
0,882 |
1,05 |
|
|
|
Immediate Liquidity |
0,046 |
0,115 |
|
|
|
|
|
|
|
|
|
MEDIUM LONG TERM RATIOS |
|
|
||
|
Financial Autonomy |
0,274 |
0,254 |
|
|
|
Solvability |
0,377 |
0,34 |
|
|
|
Borrowed Capital Structure |
0,775 |
0,689 |
|
|
|
General Debt |
1,094 |
0,694 |
|
|
|
Medium Long Term Debt |
0,431 |
0,538 |
|
|
|
Debt Structure |
0,775 |
0,689 |
|
|
|
Capital Structure |
1,678 |
1,093 |
|
|
|
|
|
|
|
|
|
Operational and Financial Risk |
|
|
||
|
Operational Leverage Level |
82,014 |
6,574 |
|
|
|
Financial Leverage Level |
(0,201) |
1,529 |
|
|
|
Combined Leverage Level |
(16,485) |
10,052 |
|
|
Financial
Elements
|
|
31-12-2009 |
|
|
Intangible Assets |
828,00 |
|
|
Tangible Assets |
13.062.942,00 |
|
|
Investments |
478.492,00 |
|
|
Stocks |
8.223.197,00 |
|
|
Short Term Receivable |
21.956.184,00 |
|
|
Banks and Cash |
2.740.747,00 |
|
|
Accruals and Deferrals |
897.467,00 |
|
|
Total Assets |
47.359.857,00 |
|
|
Shareholder's Funds |
11.786.142,00 |
|
|
Provisions |
1.638.576,00 |
|
|
Medium and Long Term Payable |
9.976.734,00 |
|
|
Short Term Payable |
20.197.490,00 |
|
|
Accruals and Deferrals |
3.760.917,00 |
|
|
Total Liabilities and Shareholder's Funds |
47.359.859,00 |
|
|
Cost of Goods and Consumable Materials |
50.116.476,00 |
|
|
Outside Supplies and Services |
13.764.600,00 |
|
|
Personnel Costs |
9.181.466,00 |
|
|
Sales |
83.533.288,00 |
|
Comparatives POC
|
|
31-12-2007 |
31-12-2008 |
31-12-2009 |
|
Net Sales |
97.550.572,00 |
99.100.431,00 |
83.533.288,00 |
|
Net Income For the Year |
(834.135,00) |
(1.645.368,00) |
3.143.985,00 |
|
Current Assets |
34.364.979,00 |
12.230.715,00 |
33.817.595,00 |
|
Short Term Payables |
28.996.119,00 |
24.721.974,00 |
20.197.490,00 |
|
Cash Flow |
5.368.860,00 |
(12.491.259,00) |
13.620.105,00 |
|
Total Assets |
47.113.879,00 |
42.564.840,00 |
47.359.857,00 |
|
Total Liabilities |
36.826.354,00 |
33.922.683,00 |
35.573.717,00 |
|
Shareholders Funds |
10.287.525,00 |
8.642.157,00 |
11.786.142,00 |
|
Personnel Costs |
9.274.633,00 |
9.247.803,00 |
9.181.466,00 |
Ratios POC
|
|
31-12-2007 |
31-12-2008 |
31-12-2009 |
|
FINANCIAL SITUATION |
|
|
|
|
General Liquidity |
1,19 |
0,49 |
1,67 |
|
Immediate Liquidity |
0,77 |
0,09 |
1,27 |
|
Financial Autonomy |
0,22 |
0,20 |
0,25 |
|
Solvency |
0,28 |
0,25 |
0,33 |
|
RENTABILITY |
|
|
|
|
Sales Rentability |
(0,86) % |
(1,66) % |
3,76 % |
|
Sales Rate Increase |
|
1,59 % |
(15,71) % |
|
EFFICIÊNCY |
|
|
|
|
Assets Turnover |
2,07 |
2,33 |
1,76 |
Balance Sheet and Income
Statement
|
Balance Sheet |
||
|
CoinEURO |
|
Date31-12-2009 |
|
|
||
|
|
Gross Assets |
Depreciations /
Provisions |
Net Assets |
|
Intangible Assets |
|
Subtotal |
1.842.714,00 |
1.841.886,00 |
828,00 |
|
Tangible Assets |
|
Subtotal |
134.155.159,00 |
121.092.217,00 |
13.062.942,00 |
|
Financial
Investments |
|
Subtotal |
586.480,00 |
107.988,00 |
478.492,00 |
|
Stocks |
|
Subtotal |
8.382.683,00 |
159.486,00 |
8.223.197,00 |
|
Short Term
Receivable |
|
Subtotal |
24.787.685,00 |
2.831.501,00 |
21.956.184,00 |
|
Bank Deposits and
Cash |
|
Cash |
20.566,00 |
|
20.566,00 |
|
Bank Deposites |
2.720.181,00 |
|
2.720.181,00 |
|
Subtotal |
2.740.747,00 |
|
2.740.747,00 |
|
Accruals and
Deferrals |
|
Accrued Income |
260.518,00 |
|
260.518,00 |
|
Deferred Cost |
636.949,00 |
|
636.949,00 |
|
Subtotal |
897.467,00 |
|
897.467,00 |
|
|
|
Total Assets |
173.392.935,00 |
126.033.078,00 |
47.359.857,00 |
|
Shareholders
Funds and Liabilities |
|
Shareholders
Funds |
|
Capital |
15.500.000,00 |
|
|
Treasury Stock: |
|
|
|
Other Sup. |
9.500.000,00 |
|
|
Capital Adjustments |
(73.084,00) |
|
|
Reserves : |
|
|
|
Legal |
1.351.812,00 |
|
|
Free |
1.220.612,00 |
|
|
Net Retained |
(18.857.183,00) |
|
|
Net Income For the Year |
3.143.985,00 |
|
|
Total |
11.786.142,00 |
|
|
Provisions |
|
Subtotal |
1.638.576,00 |
|
|
Short Term
Payable |
|
Bank Loans |
1.841.228,00 |
|
|
Advance For Clients |
72.677,00 |
|
|
Supliers Fixed Asset |
386.973,00 |
|
|
State and Other Public Bodies |
350.500,00 |
|
|
Other Creditors |
348.928,00 |
|
|
Trade Creditors |
17.197.186,00 |
|
|
Subtotal |
20.197.490,00 |
|
|
Medium and Long
Term Payable |
|
Bank Loans |
5.742.805,00 |
|
|
Adv. For Clients |
3.633.280,00 |
|
|
Other Loans |
600.649,00 |
|
|
Subtotal |
9.976.734,00 |
|
|
Accruals and
Deferrals |
|
Accrued Charges |
2.841.672,00 |
|
|
Diferred Income |
919.245,00 |
|
|
Subtotal |
3.760.917,00 |
|
|
TOTAL LIABILITIES |
35.573.717,00 |
|
|
TOTAL LIABILITIES AND SHAREHOLDERS FUNDS |
47.359.859,00 |
|
|
Income Statement |
|
Costs and Losses |
|
Cost of Materials Consumed and Goods Sold:
|
|
|
|
Subtotal |
50.116.476,00 |
|
|
Outside Supplies and Services |
13.764.600,00 |
|
|
Personnel Costs |
|
|
|
Subtotal |
9.181.466,00 |
|
|
Depreciation |
2.550.319,00 |
|
|
Provisions |
1.287.949,00 |
|
|
Subtotal |
3.838.268,00 |
|
|
Other Operating Costs |
265.547,00 |
|
|
Int. and Similar Costs: |
|
|
|
Subtotal |
4.587.872,00 |
|
|
Ext. Costs and Losses |
478.722,00 |
|
|
Taxation Over Income |
180.971,00 |
|
|
Net Income For the Year |
3.143.985,00 |
|
|
Income and
Profits |
|
Sales of : |
|
|
|
Products |
82.271.813,00 |
|
|
Services Provided |
1.261.475,00 |
|
|
Subtotal |
83.533.288,00 |
|
|
Variation in Production |
(1.532.772,00) |
|
|
Own Works |
615.570,00 |
|
|
Other Operating Income and Gains |
529.743,00 |
|
|
Subtotal |
1.145.313,00 |
|
|
Trading Securities Income |
|
|
|
Int. and Similar Costs |
|
|
|
Other |
2.194.223,00 |
|
|
Extra Income and Gains |
217.855,00 |
|
|
Net Income For the Year |
3.143.985,00 |
|
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.54.84 |
|
|
1 |
Rs.88.55 |
|
Euro |
1 |
Rs.72.63 |
INFORMATION DETAILS
|
Report
Prepared by : |
PRL |
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.