MIRA INFORM REPORT
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Report Date : |
28.02.2012 |
IDENTIFICATION DETAILS
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Name : |
ACHENBACH BUSCHHUTTEN GMBH |
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Registered Office : |
Siegener Strasse 152, Kreuztal, 57223 |
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Country : |
Germany |
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Financials (as on) : |
31.12.2010 |
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Date of Incorporation : |
01.01.1921 |
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Com. Reg. No.: |
1025 |
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Legal Form : |
Private Independent Company |
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Line of Business : |
Manufacture of rolling mill machinery and equipment for
the production of aluminium, zinc and their alloys as well as environmental
protection equipment |
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No. of Employees
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310 |
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
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Country Name |
Previous Rating (30.06.2011) |
Current Rating (30.09.2011) |
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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
Achenbach BuschhUtten GmbH
Siegener Strasse 152
Kreuztal, 57223
Germany
Tel: 49 (2732) 799-0
Fax: 49 (2732) 799-799
Web: www.achenbach.de
Synthesis
Employees: 310
Company Type: Private Independent
Incorporation Date:
01-Jan-1921
Financials in: USD
(Millions)
Fiscal Year End:
31-Dec-2010
Reporting Currency: Euro
Annual Sales: 82.7
Total Assets: 74.8
Business Description
Manufacture of rolling mill machinery and equipment for the production of aluminium, zinc and their alloys as well as environmental protection equipment
Industry
Industry Miscellaneous Capital Goods
ANZSIC 2006: 2463 - Machine
Tool and Parts Manufacturing
NACE 2002: 2951 - Manufacture
of machinery for metallurgy
NAICS 2002: 333516 - Rolling
Mill Machinery and Equipment Manufacturing
UK SIC 2003: 2951 - Manufacture
of machinery for metallurgy
US SIC 1987: 3547 - Rolling
Mill Machinery and Equipment
Key Executives
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Name |
Title |
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Kruno Schmidt |
Leiter-Presse & Marketing |
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Gunther Solms |
Leiter-Verwaltung |
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Martin Falk |
Leiter-Technik |
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Joachim Kistermann |
Leiter-Produktion |
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Karl-Otto Frank |
Leiter-Personal |
Registered No.(DEU): 1025
1 - Profit & Loss Item Exchange Rate: USD 1 = EUR 0.7550783
2 - Balance Sheet Item Exchange Rate: USD 1 = EUR 0.7454064
Corporate Overview
Location
Siegener Strasse 152
Kreuztal, 57223
Germany
Tel: 49 (2732) 799-0
Fax: 49 (2732) 799-799
Web: www.achenbach.de
Sales EUR(mil): 62.4
Assets EUR(mil): 55.7
Employees: 310
Fiscal Year End: 31-Dec-2010
Industry: Miscellaneous
Capital Goods
Incorporation Date: 01-Jan-1921
Company Type: Private
Independent
Quoted Status: Not
Quoted
Registered No.(DEU): 1025
Contents
· Industry Codes
· Business Description
· Brand/Trade Names
· Financial Data
· Subsidiaries
· Key Corporate Relationships
Industry Codes
ANZSIC 2006 Codes:
2463 - Machine Tool and Parts Manufacturing
NACE 2002 Codes:
2951 - Manufacture of machinery for metallurgy
NAICS 2002 Codes:
333516 - Rolling Mill Machinery and Equipment Manufacturing
US SIC 1987:
3547 - Rolling Mill Machinery and Equipment
UK SIC 2003:
2951 - Manufacture of machinery for metallurgy
Business
Description
Manufacture of rolling mill machinery and equipment for the production of aluminium, zinc and their alloys as well as environmental protection equipment
More Business
Descriptions
· Achenbach Buschhütten Gesellschaft mit beschränkter Haftung is primarily engaged in manufacture of machines and equipment for handling hot metals (converters, ingot moulds, ladles, casting machines); and manufacture of metal-rolling mills and rolls for such mills.
·
Metalworking Machinery Manufacturing
Brand/Trade Names
OPTIROLL
OPTIPURE
AIRPURE
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Executive report
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Executives |
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Leiter-Verwaltung |
Administration Executive |
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Leiter-Personal |
Human Resources Executive |
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Leiter-Export |
Sales Executive |
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Marketing |
Marketing Executive |
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Leiter-Presse & Marketing |
Marketing Executive |
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Leiter-Technik |
Information Executive |
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Leiter-Produktion |
Manufacturing Executive |
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Vorsitzender des Vorstandes |
Other |
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Annual Profit & Loss
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31-Dec-2010 |
31-Dec-2009 |
31-Dec-2008 |
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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) |
0.755078 |
0.719047 |
0.683679 |
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Consolidated |
No |
No |
No |
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Total income |
82.7 |
114.9 |
88.8 |
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Raw materials and services |
43.3 |
55.5 |
57.0 |
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Net sales |
82.7 |
114.9 |
88.8 |
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Change in stock |
7.6 |
-10.6 |
18.0 |
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Other operating income |
1.8 |
2.9 |
1.9 |
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Raw materials and consumables employed |
43.3 |
55.5 |
57.0 |
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Other external charges |
6.6 |
11.5 |
9.0 |
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Cost of goods sold |
49.9 |
67.0 |
66.0 |
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Cost of raw materials |
49.9 |
67.0 |
66.0 |
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Taxes and social security costs |
4.2 |
4.5 |
4.5 |
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Total payroll costs |
25.0 |
26.5 |
27.5 |
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Fixed asset depreciation and amortisation |
1.1 |
1.2 |
1.3 |
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Other operating costs |
22.4 |
17.3 |
20.7 |
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Net operating income |
4.9 |
3.9 |
3.5 |
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Interest received from loans |
0.9 |
0.5 |
0.3 |
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Other income |
0.1 |
0.0 |
0.6 |
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Interest payable on loans |
0.5 |
0.6 |
0.3 |
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Other expenses |
- |
0.0 |
0.2 |
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Total expenses |
-0.6 |
0.1 |
-0.4 |
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Profit before tax |
5.5 |
3.8 |
4.0 |
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Extraordinary income |
0.1 |
- |
- |
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Provisions |
15.0 |
17.7 |
21.8 |
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Extraordinary expenses |
1.3 |
- |
- |
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Extraordinary result |
-1.2 |
- |
- |
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Other taxes |
0.1 |
0.1 |
0.1 |
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Total taxation |
1.1 |
1.5 |
1.1 |
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Net profit |
3.0 |
2.2 |
2.7 |
Annual Balance Sheet
Financials in: USD (mil)
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|
31-Dec-2010 |
31-Dec-2009 |
31-Dec-2008 |
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Filed Currency |
EUR |
EUR |
EUR |
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Exchange Rate |
0.745406 |
0.696986 |
0.719399 |
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Consolidated |
No |
No |
No |
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Issued capital |
6.9 |
7.3 |
7.1 |
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Other reserves |
8.2 |
7.3 |
5.6 |
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Total reserves |
8.2 |
7.3 |
5.6 |
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Profits for the year |
3.2 |
2.7 |
3.4 |
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Total stockholders equity |
18.2 |
17.3 |
16.1 |
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Deferred taxation |
0.2 |
0.4 |
0.0 |
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Other provisions |
9.6 |
12.8 |
15.8 |
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Provision for pensions |
5.4 |
5.0 |
4.9 |
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Provisions and allowances |
15.2 |
18.3 |
20.7 |
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Other debentures |
4.6 |
5.4 |
9.0 |
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Advance payments |
18.5 |
- |
- |
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Taxes and social security |
0.0 |
0.0 |
- |
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Total long-term liabilities |
23.1 |
5.4 |
9.0 |
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Trade creditors |
7.7 |
2.1 |
8.3 |
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Advances received |
6.5 |
14.7 |
18.2 |
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Other loans |
0.5 |
0.8 |
0.3 |
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Taxation and social security |
3.4 |
3.1 |
3.2 |
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Due to group companies |
- |
0.1 |
0.1 |
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Total current liabilities |
18.2 |
20.9 |
30.1 |
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Regularisation account |
0.0 |
0.0 |
0.0 |
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Total liabilities (including net worth) |
74.8 |
61.9 |
76.0 |
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Patents |
0.3 |
0.2 |
0.3 |
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Intangibles |
0.3 |
0.2 |
0.3 |
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Land and buildings |
6.0 |
6.9 |
6.8 |
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Machinery and tools |
2.7 |
3.1 |
2.5 |
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Fixtures and equipment |
6.0 |
6.9 |
6.8 |
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Fixed assets under construction |
- |
- |
0.2 |
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Total tangible fixed assets |
9.6 |
11.0 |
10.2 |
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Shares held in associated companies |
0.5 |
0.4 |
0.3 |
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Total financial assets |
0.5 |
0.4 |
0.3 |
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Total non-current assets |
10.3 |
11.6 |
10.9 |
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Net stocks and work in progress |
20.9 |
16.0 |
25.7 |
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Trade debtors |
32.7 |
16.9 |
32.3 |
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Other receivables |
1.8 |
2.1 |
2.9 |
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Total receivables |
34.8 |
19.0 |
35.2 |
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Owing from associated companies |
0.3 |
- |
0.0 |
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Cash and liquid assets |
8.3 |
14.8 |
3.7 |
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Marketable securities |
0.3 |
0.3 |
0.3 |
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Short-term investments |
0.3 |
0.3 |
0.3 |
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Total current assets |
64.3 |
50.1 |
64.9 |
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Prepaid expenses and deferred costs |
0.1 |
0.2 |
0.2 |
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Total assets |
74.8 |
61.9 |
76.0 |
Annual Ratios
Financials in: USD (mil)
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31-Dec-2010 |
31-Dec-2009 |
31-Dec-2008 |
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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 |
0.745406 |
0.696986 |
0.719399 |
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Consolidated |
No |
No |
No |
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Current ratio |
35.34 |
24.00 |
21.54 |
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Acid test ratio |
23.87 |
16.33 |
13.00 |
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Total liabilities to net worth |
0.23% |
0.15% |
0.24% |
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Net worth to total assets |
0.02% |
0.03% |
0.02% |
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Current liabilities to net worth |
0.10% |
0.12% |
0.19% |
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Current liabilities to stock |
0.09% |
0.13% |
0.12% |
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Fixed assets to net worth |
0.06% |
0.07% |
0.07% |
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Collection period |
1,424.00 |
518.00 |
1,394.00 |
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Stock turnover rate |
2.49 |
1.35 |
3.05 |
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Profit margin |
0.00% |
0.00% |
0.00% |
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Return on assets |
0.00% |
0.00% |
0.00% |
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Shareholders' return |
0.02% |
0.01% |
0.02% |
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Sales per employee |
20.60 |
26.83 |
20.17 |
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Profit per employee |
1.05 |
0.52 |
0.62 |
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Average wage per employee |
6.24 |
6.19 |
6.25 |
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Net worth |
18.2 |
17.3 |
16.1 |
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Number of employees |
310 |
308 |
301 |
FOREIGN EXCHANGE RATES
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Currency |
Unit
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Indian Rupees |
|
US Dollar |
1 |
Rs.49.05 |
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UK Pound |
1 |
Rs.77.78 |
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Euro |
1 |
Rs.65.89 |
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 |
|
<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.