Auditors
Comments
Date accounts obtained: 10/06/2009
Accounts obtained from: Subject
Auditors Opinion: The audited financial statement gives a
true and fair view of the state
of
affairs of the subject
Financial Statements have been prepared on an on‑going
basis.
Assuming support of: shareholders
FINANCIAL
RATIOS / COMPARATIVE DATA
Actual Company Industrial
Averages Actual Company Industrial Averages
Results (2008) (2008) Results (2007) (2007)
Liquidity Ratios
Current Ratio 8.15 6.15 37.01 15.22
Acid Test Ratio 3.20 2.76 15.72 6.25
Accounts 0.04 0.16 0.01 0.20
Payable/Sales Ratio
Current Liabilities/Net 0.11 0.46 0.02 0.33
Worth
Total Liabilities/Net 0.11 0.46 0.02 0.33
Worth
Fixed Assets/Net 19.56 17.47 19.20 16.25
Worth (%)
Profitability Ratios
Gross Profit Ratio (%) 100.00 48.07 100.00 52.98
Return on Capital 20.48 5.01 12.80 10.07
Employed (ROCE)(%)
Net Profit/Sales (%) 7.38 ‑0.22 4.99 5.46
Return on Assets (%) 18.41 6.77 12.52 8.27
Efficiency Ratios
Sales/Working Capital 3.45 2.40 3.18 2.30
Assets/Sales(%) 40.11 100.35 39.86 93.64
Shareholders 20.48 5.01 12.80 10.07
Return(%)
Average Collection 24.93 24.93 27.17 62.38
Period
Leverage Ratios
Capital Employed 2.77 2.06 2.57 1.91
Number
of 4 4
Companies within the
industry (NACE G)
Statistics
based on Wholesale
and retail Wholesale
and retail
NACE(G) trade;repair
of motor trade;repair
of motor
vehicles and vehicles
and
motorcycles motorcycles
The
statistical Industrial Average results are calculated against companies within
the database for the specific country.
INDUSTRY
SECTOR COMPARATIVE DATA
Elements Taken Result
for specific RANKING Total Companies Used
company
DATE OF REGISTRATION 01/09/1992 1 4
TOTAL EMPLOYEES 96 1 4
SALES
(2008) 1 4
SALES
(2007) 1 3
NET
PROFIT (2008) 1 4
NET
PROFIT (2007) 1 3
TOTAL
ASSETS (2008) 1 3
TOTAL
ASSETS (2007) 1 3
Currency: EUROS
Rankings:
The
results given below are calculated against companies with the Database for the
specific country.
Scale: 1
is the highest result found in our database.
Example:
Ranking 5: Total Companies used to generate the Ranking : 20
This means
that this company is the 5th largest company out of 20 found in our database in
the specific industry
Charts of Financial Trends and Industry
Comparisons
PLEASE NOTE THAT CHARTS ARE SHOWN IN EUROS FOR TREND
AND COMPARISON PURPOSES
The
statistical Industrial Average results are calculated against companies within
the database for the specific country.
Payments
Subject's
payments reported to be: NO
COMPLAINTS
Interview
& Reporter Comments
Name/Title: Mr.
Oghbeta Ould Dellahi Financial Manager
Comment: Subject
has confirmed the general details shown in the report.
Conclusions
Local Reputation: The
company being investigated is considered by local reporters to be
a
Fair / Normal Trade Risk.
General Conclusion: Local
informants consider granting of credit to be a fair trade risk.
Owner/Shareholders Comments: Some of the owners / shareholders have an active
participation in the
running
of the business.
Financial Results Trend: Financial Information indicates that the
business activities of the
company
are declining in strength.
Age of Business: The
company is long established in the local market.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.56.92 |
|
UK Pound |
1 |
Rs.88.91 |
|
Euro |
1 |
Rs.71.25 |
INFORMATION DETAILS
|
Report Prepared
by : |
MNL |
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.