MIRA INFORM REPORT
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Report Date : |
18.01.2012 |
IDENTIFICATION DETAILS
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Correct Name : |
SOC INTERN COMMERC APPAR MATERIEL ELEC |
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Registered Office : |
Rue Basille Lachaud, Arnac Pompadour, 19230 |
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Country : |
France |
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Financials (as on) : |
31.12.2010 |
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Date of Incorporation : |
15.01.1974 |
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Com. Reg. No.: |
303804397 |
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Legal Form : |
Public Subsidiary Company |
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Line of Business : |
wholesale of
gramophone, audio tapes, compact discs and video tapes |
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No. of Employees
: |
Not Available |
RATING & COMMENTS
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MIRA’s Rating : |
B |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
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Status : |
Moderate |
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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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France |
a2 |
a2 |
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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
SOC INTERN COMMERC APPAR MATERIEL ELEC
Registered Address
Rue Basille Lachaud
Arnac Pompadour, 19230
France
Tel: +33 05 55 98 53 51
Fax: +33 05 55 73 63 12
Postal Address
5 Av De Verdun
94200 Ivry Sur
Seine
Synthesis
Employees: NA
Company Type: Public Subsidiary
Trade Name Sicamex
Corporate Family: 13
Companies
Ultimate Parent: Societe Industrielle De Construction
Dappareils Et De Materiel Electriques
Incorporation Date: 15-Jan-1974
Financials in: USD
(Millions)
Fiscal Year End:
31-Dec-2010
Reporting Currency: Euro
Annual Sales: 34.5
Total Assets: 24.6
Business Description
Sicamex is primarily engaged in wholesale of gramophone records, audio tapes, compact discs and video tapes and of the equipment on which these are played; and wholesale of radios and televisions; wholesale of electrical household appliances not elsewhere classified.
Industry
Industry Appliance and Tool
ANZSIC 2006: 3494 - Other
Electrical and Electronic Goods Wholesaling
NACE 2002: 5143 - Wholesale
of electrical household appliances and radio and television goods
NAICS 2002: 4236 - Electrical
and Electronic Goods Merchant Wholesalers
UK SIC 2003: 5143 - Wholesale
of electrical household appliances and radio and television goods
US SIC 1987: 5063 - Electrical
Apparatus and Equipment Wiring Supplies, and Construction Materials
Key Executives
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Name |
Title |
|
Patrick Libert |
Deputy general manager |
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Annie Golfier |
Executive |
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Christian Grenade |
Executive |
Registered No.(FRA): 303804397
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
Rue Basille Lachaud
Arnac Pompadour, 19230
France
Tel: +33 05 55 98 53 51
Fax: +33 05 55 73 63 12
Sales EUR(mil): 26.0
Assets EUR(mil): 18.3
Employees: NA
Fiscal Year End: 31-Dec-2010
Industry: Appliance and Tool
Incorporation Date: 15-Jan-1974
Trade Name Sicamex
Company Type: Public Subsidiary
Quoted Status: Not Quoted
Registered No.(FRA): 303804397
Deputy general manager:Patrick Libert
Contents
· Industry Codes
· Business Description
· Financial Data
· Key Corporate Relationships
Industry Codes
ANZSIC 2006 Codes:
3494 - Other Electrical and Electronic Goods Wholesaling
NACE 2002 Codes:
5143 - Wholesale of electrical household appliances and radio and
television goods
NAICS 2002 Codes:
4236 - Electrical and Electronic Goods Merchant Wholesalers
US SIC 1987:
5063 - Electrical Apparatus and Equipment Wiring Supplies, and
Construction Materials
UK SIC 2003:
5143 - Wholesale of electrical household appliances and radio and
television goods
Business
Description
Sicamex is
primarily engaged in wholesale of gramophone records, audio tapes, compact
discs and video tapes and of the equipment on which these are played; and
wholesale of radios and televisions; wholesale of electrical household
appliances not elsewhere classified.
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Corporate
Family |
Corporate
Structure News: |
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Societe
Industrielle De Construction Dappareils Et De Materiel Electriques |
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Sicamex |
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Company Name |
Company Type |
Location |
Country |
Industry |
Sales |
Employees |
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Societe
Industrielle De Construction Dappareils Et De Materiel Electriques |
Parent |
Arnac Pompadour |
France |
Miscellaneous Capital Goods |
59.9 |
374 |
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Subsidiary |
Le Chambon Feugerolles |
France |
Miscellaneous Capital Goods |
37.7 |
210 |
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Subsidiary |
Bagneux |
France |
Miscellaneous Capital Goods |
40.5 |
155 |
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Subsidiary |
Arnac Pompadour |
France |
Electronic Instruments and Controls |
44.9 |
149 |
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Subsidiary |
Evreux |
France |
Miscellaneous Capital Goods |
19.8 |
81 |
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Subsidiary |
St Martin La Plaine |
France |
Personal and Household Products |
24.7 |
74 |
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Subsidiary |
Ozoir La Ferriere |
France |
Miscellaneous Capital Goods |
6.1 |
34 |
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Subsidiary |
Epinay Sous Senart |
France |
Miscellaneous Capital Goods |
6.0 |
9 |
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Subsidiary |
Zibido San Giacomo |
Italy |
Electronic Instruments and Controls |
4.1 |
9 |
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Subsidiary |
Le Chambon Feugerolles |
France |
Miscellaneous Fabricated Products |
1.2 |
7 |
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Subsidiary |
Arnac Pompadour |
France |
Appliance and Tool |
34.5 |
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Subsidiary |
Arnac Pompadour |
France |
Miscellaneous Capital Goods |
5.6 |
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Subsidiary |
Epinay Sous Senart |
France |
Appliance and Tool |
3.9 |
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Executive report
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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 |
34.8 |
45.5 |
29.0 |
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Net sales |
34.5 |
44.9 |
28.4 |
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Supplementary operating income |
0.4 |
0.7 |
0.6 |
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Other operating income |
0.0 |
0.0 |
0.0 |
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Other external charges |
5.2 |
5.6 |
2.8 |
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Cost of goods sold |
26.5 |
36.4 |
25.2 |
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Taxes and social security costs |
0.2 |
0.2 |
0.1 |
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Social charges |
0.4 |
0.5 |
0.5 |
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Total payroll costs |
0.9 |
1.0 |
1.0 |
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Cost of stock depreciation and amortisation |
0.2 |
0.2 |
0.0 |
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Fixed asset depreciation and amortisation |
0.0 |
0.0 |
0.0 |
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Other operating costs |
0.1 |
0.0 |
0.1 |
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Total operating
costs |
32.8 |
43.8 |
28.7 |
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Net operating
income |
2.0 |
1.7 |
0.3 |
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Total financial
income |
0.3 |
0.4 |
0.4 |
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Interest payable on loans |
0.1 |
0.2 |
0.3 |
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Other expenses |
0.0 |
0.2 |
0.1 |
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Total expenses |
0.1 |
0.4 |
0.3 |
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Profit before tax |
2.2 |
1.8 |
0.3 |
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Extraordinary income |
- |
- |
0.0 |
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Extraordinary expenses |
0.0 |
0.0 |
0.0 |
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Extraordinary result |
- |
- |
0.0 |
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Total taxation |
0.8 |
0.6 |
0.1 |
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Profit distributed to employees |
0.0 |
0.0 |
0.0 |
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Net profit |
1.3 |
1.3 |
0.2 |
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 |
1.3 |
0.2 |
0.2 |
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Total reserves |
0.5 |
0.7 |
0.7 |
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Profits for the year |
1.3 |
1.3 |
0.2 |
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Total
stockholders equity |
3.2 |
2.0 |
0.6 |
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Provisions and allowances |
0.2 |
0.2 |
0.1 |
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Trade creditors |
10.1 |
11.2 |
7.1 |
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Advances received |
2.4 |
5.2 |
1.0 |
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Bank loans and overdrafts |
6.6 |
5.6 |
5.5 |
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Other loans |
0.4 |
6.3 |
2.9 |
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Other liabilities |
1.0 |
1.6 |
0.7 |
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Income stated in advance |
- |
0.0 |
- |
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Taxation and social security |
0.6 |
1.0 |
0.8 |
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Total current
liabilities |
18.7 |
25.6 |
17.0 |
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Total debts |
21.1 |
30.8 |
18.0 |
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Regularisation account |
0.0 |
0.0 |
0.0 |
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Total
liabilities (including net worth) |
24.6 |
33.0 |
18.8 |
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Other intangibles |
0.0 |
0.0 |
0.0 |
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Buildings |
0.0 |
0.0 |
0.0 |
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Other fixed assets |
0.0 |
0.0 |
0.0 |
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Long-term investments |
0.0 |
0.0 |
0.0 |
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Other financial assets |
0.0 |
0.0 |
0.0 |
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Total
non-current assets |
0.1 |
0.1 |
0.1 |
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Net stocks and work in progress |
2.5 |
2.2 |
2.0 |
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Trade debtors |
13.1 |
21.5 |
15.4 |
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Other receivables |
8.6 |
0.8 |
1.0 |
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Prepaid expenses |
0.2 |
0.3 |
0.1 |
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Cash and liquid assets |
0.2 |
8.2 |
0.1 |
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Total current
assets |
24.5 |
32.9 |
18.7 |
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Prepaid expenses and deferred costs |
- |
0.0 |
0.0 |
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Total assets |
24.6 |
33.0 |
18.8 |
Annual Ratios
Financials in: USD
(mil)
|
|
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 |
|
Exchange Rate |
0.745406 |
0.696986 |
0.719399 |
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Consolidated |
No |
No |
No |
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Current ratio |
1.30 |
1.30 |
1.10 |
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Quick ratio |
1.20 |
1.20 |
1.00 |
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Total liabilities to net worth |
6.63% |
15.93% |
29.88% |
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Net worth to total assets |
0.13% |
0.06% |
0.03% |
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Collection period |
114.00 |
141.00 |
173.10 |
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Stock turnover rate |
13.80 |
21.40 |
13.20 |
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Asset turnover |
1.42% |
1.40% |
1.44% |
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Profit margin |
0.06% |
0.04% |
0.01% |
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Return on assets |
0.09% |
0.06% |
0.02% |
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Shareholders' return |
0.69% |
0.98% |
0.48% |
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Sales per employee |
15,528.48 |
17,629.59 |
10,622.71 |
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Profit per employee |
981.27 |
721.77 |
114.57 |
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Average wage per employee |
391.60 |
398.40 |
380.92 |
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Net worth |
3.2 |
2.0 |
0.6 |
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Number of employees |
11 |
12 |
12 |
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.51.06 |
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UK Pound |
1 |
Rs.78.48 |
|
Euro |
1 |
Rs.64.99 |
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 |
|
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 |
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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.