MIRA INFORM REPORT

 

 

Report Date :

07.11.2012

 

IDENTIFICATION DETAILS

 

Name :

OYKA KAGIT AMBALAJ SANAYII VE TICARET A.S.

 

 

Registered Office :

Adana Cimento Fabrikasi Ici Calidagi Mevkii Ceyhan Yolu 12 Km. Incirlik Adana

 

 

Country :

Turkey

 

 

Financials (as on) :

31.12.2011

 

 

Date of Incorporation :

10.08.1963

 

 

Com. Reg. No.:

4906

 

 

Legal Form :

Joint Stock Company

 

 

Line of Business :

Manufacture and trade of paper sacks to be used at cement sector and craft paper. 

 

 

No. of Employees :

365 employees

 

 

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

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

(31.03.2012)

Current Rating

(30.06.2012)

Turkey

B1

B1

 

Risk Category

ECGC Classification

Insignificant

 

A1

Low

 

A2

Moderate

 

B1

High

 

B2

Very High

 

C1

Restricted

 

C2

Off-credit

 

D

 

 

Turkey - ECONOMIC OVERVIEW

 

Turkey's largely free-market economy is increasingly driven by its industry and service sectors, although its traditional agriculture sector still accounts for about 25% of employment. An aggressive privatization program has reduced state involvement in basic industry, banking, transport, and communication, and an emerging cadre of middle-class entrepreneurs is adding dynamism to the economy and expanding production beyond the traditional textiles and clothing sectors. The automotive, construction, and electronics industries, are rising in importance and have surpassed textiles within Turkey's export mix. Oil began to flow through the Baku-Tbilisi-Ceyhan pipeline in May 2006, marking a major milestone that will bring up to 1 million barrels per day from the Caspian to market. Several gas pipelines projects also are moving forward to help transport Central Asian gas to Europe through Turkey, which over the long term will help address Turkey's dependence on imported oil and gas to meet 97% of its energy needs. After Turkey experienced a severe financial crisis in 2001, Ankara adopted financial and fiscal reforms as part of an IMF program. The reforms strengthened the country's economic fundamentals and ushered in an era of strong growth - averaging more than 6% annually until 2008. Global economic conditions and tighter fiscal policy caused GDP to contract in 2009, but Turkey's well-regulated financial markets and banking system helped the country weather the global financial crisis and GDP rebounded strongly to 8.2% in 2010, as exports returned to normal levels following the recession. Turkey's public sector debt to GDP ratio has fallen to roughly 40%. Continued strong growth has pushed inflation to the 8% level, however, and worsened an already high current account deficit. Turkey remains dependent on often volatile, short-term investment to finance its large trade deficit. The stock value of FDI stood at $99 billion at year-end 2011. Inflows have slowed considerably in light of continuing economic turmoil in Europe, the source of much of Turkey's FDI. Further economic and judicial reforms and prospective EU membership are expected to boost Turkey's attractiveness to foreign investors. However, Turkey's relatively high current account deficit, uncertainty related to monetary policy-making, and political turmoil within Turkey's neighborhood leave the economy vulnerable to destabilizing shifts in investor confidence.

 

Source : CIA

 

 

COMPANY IDENTIFICATION

 

NAME

:

OYKA KAGIT AMBALAJ SANAYII VE TICARET A.S.

HEAD OFFICE ADDRESS

:

Adana Cimento Fabrikasi Ici Calidagi Mevkii Ceyhan Yolu 12 Km. Incirlik Adana / Turkey

PHONE NUMBER

:

90-322-332 92 40

90-322-332 94 24

 

FAX NUMBER

:

90-322-332 94 26

 

WEB-ADDRESS

:

www.oyka.com.tr

E-MAIL

:

bilgi@oyka.com.tr

 

 

LEGAL STATUS AND HISTORY

 

 

TAX OFFICE

:

Yuregir

TAX NO

:

0070041822

REGISTRATION NUMBER

:

4906

REGISTERED OFFICE

:

Adana Chamber of Commerce

DATE ESTABLISHED

:

10.08.1963

LEGAL FORM

:

Joint Stock Company

TYPE OF COMPANY

:

Private

REGISTERED CAPITAL

:

TL   106.570.000

PAID-IN CAPITAL

:

TL   106.570.000

HISTORY

:

Previous Registered Capital

:

TL 53.100.000

Changed On

:

16.04.2007 (Commercial Gazette Date /Number 30.04.2007/ 6797)

Previous Registered Capital

:

TL 58.550.000

Changed On

:

25.03.2008 (Commercial Gazette Date /Number 04.04.2008/ 7035)

Previous Registered Capital

:

TL 70.800.000

Changed On

:

10.10.2008 (Commercial Gazette Date /Number 16.10.2008/ 7169)

Previous Registered Capital

:

TL 90.800.000

Changed On

:

17.03.2009 (Commercial Gazette Date /Number 06.04.2009/ 7285)

Previous Registered Capital

:

TL 101.050.000

Changed On

:

02.03.2010 (Commercial Gazette Date /Number 12.03.2010/ 7520)

 

 

OWNERSHIP / MANAGEMENT

 

 

SHAREHOLDERS

:

Adana Cimento Sanayii T.A.S.

49 %

Oyak Girisim Danismanligi A.S.

 

Oyak Pazarlama Hizmet ve Turizm A.S.

 

Ordu Yardimlasma Kurumu (OYAK)

 

Others

 

 

 

REMARKS ON SHAREHOLDERS

:

OYAK-Ordu Yardimlasma Kurumu which is Armed Forces Pension Fund, is one of the most reputable enterprises of Turkey.

 

GROUP

:

OYAK  GROUP OF COMPANIES

 

SISTER COMPANIES

:

ADANA CIMENTO SANAYII TURK A.S.

ASLAN BETON A.S.

ASLAN CIMENTO A.S.

ASLAN SAGLIK EGITIM VE KULTUR VAKFI

ATAER HOLDING A.S.

AYAS ENERJI URETIM VE TICARET A.S.

BIRCIM CIMENTO VE MADENCILIK SANAYI VE TICARET A.S.

BIRTAS BIRLIK INSAAT SANAYI VE TICARET A.S.

BOLU CIMENTO SANAYII A.S.

ERDEMIR CELBOR CELIK CEKME BORU SANAYI VE TICARET A.S.

ERDEMIR CELIK SERVIS MERKEZI SANAYI VE TICARET A.S.

ERDEMIR GAZ SANAYI VE TICARET A.S.

ERDEMIR LOJISTIK A.S.

ERDEMIR MADENCILIK SANAYI VE TICARET A.S.

ERDEMIR ROMANIA SRL

EREGLI DEMIR VE CELIK FABRIKALARI T.A.S.

ETI PAZARLAMA VE SANAYI A.S.

HEKTAS TICARET TURK A.S.

ISKENDERUN DEMIR CELIK A.S.

ISKENDERUN ENERJI URETIM VE TICARET A.S.

MAIS MOTORLU ARACLAR IMAL VE SATIS A.S.

MARDIN CIMENTO SANAYI VE TICARET A.S.

OMSAN DENIZCILIK A.S.

OMSAN HAVACILIK A.S.

OMSAN LOJISTIK A.S.

OYAK ANKER BANK GMBH

OYAK BETON SANAYI VE TICARET A.S.

OYAK ELEKTRIK ENERJISI TOPTAN SATIS A.S.

OYAK GIRISIM DANISMANLIGI A.S.

OYAK INSAAT A.S.

OYAK PAZARLAMA HIZMET VE TURIZM A.S.

OYAK RENAULT OTOMOBIL FABRIKALARI A.S.

OYAK SAVUNMA VE GUVENLIK SISTEMLERI A.S.

OYAK TEKNOLOJI BILISIM VE KART HIZMETLERI A.S.

OYAK TELEKOMUNIKASYON HIZMETLERI A.S.

OYAK YATIRIM MENKUL DEGERLER A.S.

OYTAS IC VE DIS TICARET A.S.

TAM GIDA SANAYI VE TICARET A.S.

TUKAS GIDA SANAYI VE TICARET A.S.

UNYE CIMENTO SANAYI VE TICARET A.S.

 

BOARD OF DIRECTORS

:

Ordu Yardimlasma Kurumu (OYAK)

(Representative: Celalettin Caglar)

Chairman

Adana Cimento Sanayii T.A.S.

(Representative: Selman Baysal)

Member

Oyak Pazarlama Hizmet ve Turizm A.S. (Representative: Ali Erdinc)

Member

Oyak Girisim Danismanligi A.S.

(Representative: Oguz Orhun)

Member

 

 

DIRECTORS

:

Aytekin Kadioglu                                                                                                                                                                                                                                                                                   

General Manager

 

 

OPERATIONS

 

 

BUSINESS ACTIVITIES

:

Manufacture and trade of paper sacks to be used at cement sector and craft paper.

 

The subject started manufacture of craft paper in June 2003. 

 

NACE CODE

:

DE.21.21

 

SECTOR

:

Paper

 

NUMBER OF EMPLOYEES

:

365

 

NET SALES

:

2.401 TL Thousand

(1999) 

3.890 TL Thousand

(2000) 

6.236 TL Thousand

(2001) 

9.791 TL Thousand

(2002) 

24.142 TL Thousand

(2003) 

63.480 TL Thousand

(2004) 

61.367 TL Thousand

(2005)  

81.420 TL Thousand

(2006) 

101.586 TL Thousand

(2007) 

97.709 TL Thousand

(2008) 

100.558 TL Thousand

(2009) 

123.812.589 TL

(2010) 

150.511.001 TL

(2011) 

75.000.000 TL

(01.01-30.06.2012) 

 

 

REMARKS ON NET SALES

:

The sales figure of 01.01.-30.06.2012 is declared by the company. There is no certification for this figure.

 

CAPACITY

:

Paper  ( tons/yr)

Paper sacks 

( units/yr)

 

 

80.000

150.000.000

 

(2010)

 

 

 

 

IMPORT VALUE

:

14.845.924 TL

(2010)

29.786.924 TL

(2011)

 

 

IMPORT COUNTRIES

:

Canada

U.K.

 

MERCHANDISE IMPORTED

:

Chemicals

Paper

 

EXPORT VALUE

:

40.391 TL

(1999)

414.796 TL

(2000)

272.677 TL

(2001)

584.087 TL

(2002)

1.004.756 TL

(2003)

5.769.243 TL

(2004)

5.862.596 TL

(2005)

4.479.696 TL

(2006)

20.454.840 TL

(2007)

19.531.285 TL

(2008)

11.868.425 TL

(2009)

30.682.746 TL

(2010)

38.808.623 TL

(2011)

 

 

EXPORT COUNTRIES

:

Georgia

Iran

Kuwait

Pakistan

Jordan

Saudi Arabia

India

Syria

Romania

Macedonia Republic

Free Zone

Turkmenistan

Libya

Spain

Indonesia

 

MERCHANDISE  EXPORTED

:

Craft paper

Sack craft paper

 

HEAD OFFICE ADDRESS

:

Adana Cimento Fabrikasi Ici Calidagi Mevkii Ceyhan Yolu 12 Km. Incirlik  Adana / Turkey ( owned )

 

BRANCHES

:

Factory  :  Caycuma Zonguldak/Turkey (owned)

 

Head Office/Factory  :  Adana Cimento Fabrikasi Ici Calidagi Mevkii Ceyhan Yolu 12. Km. Incirlik Adana/Turkey (owned) (10.000 sqm)

 

Branch Office/Store  :  Kozyatagi Istanbul/Turkey

                                                                                

 

 

TREND OF BUSINESS

:

There was an upwards trend in  2011. There appears a decline at business volume in nominal terms in  1.1 - 30.6.2012.

SIZE OF BUSINESS

:

Giant

 

 

FINANCE

 

 

MAIN DEALING BANKS

:

Akbank Cukurova Kurumsal Branch

ING Bank Adana Branch

Yapi ve Kredi Bankasi Adana Branch

 

CREDIT FACILITIES

:

The subject company is making use of credit facilities.

 

PAYMENT BEHAVIOUR

:

No payment delays have come to our knowledge.

 

KEY FINANCIAL ELEMENTS

:

 

(2007) TL Thousand

(2008) TL Thousand

(2009) TL Thousand

(2010) TL

(2011) TL

Net Sales

101.586

97.709

100.558

123.812.589

150.511.001

Profit (Loss) Before Tax

16.407

13.698

7.291

16.764.189

19.860.107

Stockholders' Equity

73.123

104.072

109.894

123.295.770

127.600.570

Total Assets

82.966

120.923

126.212

133.554.409

181.447.653

Current Assets

38.420

52.721

55.139

56.514.961

71.513.072

Non-Current Assets

44.546

68.202

71.073

77.039.448

109.934.581

Current Liabilities

6.137

14.053

15.189

10.026.738

38.421.238

Long-Term Liabilities

3.706

2.798

1.129

231.901

15.425.845

Gross Profit (loss)

24.689

24.389

15.483

26.405.561

37.509.337

Operating Profit (loss)

16.129

15.062

6.468

16.147.412

20.610.147

Net Profit (loss)

13.099

10.949

5.821

13.401.997

16.355.038

 

 

 

COMMENT ON FINANCIAL POSITION

 

Capitalization

High As of 31.12.2011

Liquidity

Fair As of 31.12.2011

Remarks On Liquidity

The unfavorable gap between average collection and average payable period has an adverse effect on liquidity.

Profitability

High Operating Profitability  in 2007

High Net Profitability  in 2007

High Operating Profitability  in 2008

High Net Profitability  in 2008

Good Operating Profitability  in 2009

High Net Profitability  in 2009

High Operating Profitability  in 2010

High Net Profitability  in 2010

High Operating Profitability  in 2011

High Net Profitability  in 2011

 

Gap between average collection and payable periods

Unfavorable in 2011

General Financial Position

Satisfactory

 

 

Incr. in producers’ price index

 

Average USD/TL

Average EUR/TL

Average GBP/ TL

 ( 1999 )

62,90 %

0,4278

0,4518

0,6843

 ( 2000 )

32,70 %

0,6251

0,5774

0,9480

 ( 2001 )

88,60 %

1,1991

1,0714

1,7300

 ( 2002 )

30,80 %

1,5168

1,3741

2,2001

 ( 2003 )

13,90 %

1,5302

1,7141

2,4982

 ( 2004 )

13,84 %

1,4266

1,7666

2,6001

 ( 2005 )

2,66 %

1,3499

1,6882

2,4623

 ( 2006 )

11,58 %

1,4309

1,7987

2,6377

 ( 2007 )

5,94 %

1,3075

1,7901

2,6133

 ( 2008 )

8,11 %

1,2858

1,8876

2,3708

 ( 2009 )

5,93 %

1,5460

2,1529

2,4094

 ( 2010 )

8,87 %

1,5128

2,0096

2,3410

 ( 2011 )

13,33 %

1,6797

2,3378

2,6863

 ( 01.01-30.06.2012)

1,95 %

1,8028

2,3463

2,8462

 ( 01.01-30.09.2012)

3,34 %

1,8029

2,3233

2,8527

 

 

BALANCE SHEETS

 

 

 ( 31.12.2007 )  TL Thousand

 

 ( 31.12.2008 )  TL Thousand

 

 ( 31.12.2009 )  TL Thousand

 

 ( 31.12.2010 )  TL

 

 ( 31.12.2011 )  TL

 

CURRENT ASSETS

38.420

0,46

52.721

0,44

55.139

0,44

56.514.961

0,42

71.513.072

0,39

Not Detailed Current Assets

0

0,00

0

0,00

0

0,00

0

0,00

0

0,00

Cash and Banks

8.147

0,10

11.713

0,10

18.495

0,15

9.300.291

0,07

5.824.413

0,03

Marketable Securities

0

0,00

0

0,00

0

0,00

0

0,00

0

0,00

Account Receivable

6.477

0,08

9.381

0,08

8.601

0,07

15.825.841

0,12

19.284.023

0,11

Other Receivable

62

0,00

1

0,00

195

0,00

1.226.429

0,01

1.323.572

0,01

Inventories

23.307

0,28

29.834

0,25

26.355

0,21

29.581.353

0,22

42.707.194

0,24

Advances Given

36

0,00

410

0,00

239

0,00

0

0,00

0

0,00

Accumulated Construction Expense

0

0,00

0

0,00

0

0,00

0

0,00

0

0,00

Other Current Assets

391

0,00

1.382

0,01

1.254

0,01

581.047

0,00

2.373.870

0,01

NON-CURRENT ASSETS

44.546

0,54

68.202

0,56

71.073

0,56

77.039.448

0,58

109.934.581

0,61

Not Detailed Non-Current Assets

0

0,00

0

0,00

0

0,00

0

0,00

0

0,00

Long-term Receivable

69

0,00

0

0,00

0

0,00

37

0,00

37

0,00

Financial Assets

0

0,00

98

0,00

112

0,00

131.250

0,00

164.318

0,00

Tangible Fixed Assets (net)

43.871

0,53

67.588

0,56

70.452

0,56

68.029.835

0,51

107.775.554

0,59

Intangible Assets

408

0,00

412

0,00

380

0,00

674.745

0,01

483.532

0,00

Deferred Tax Assets

0

0,00

0

0,00

0

0,00

0

0,00

0

0,00

Other Non-Current Assets

198

0,00

104

0,00

129

0,00

8.203.581

0,06

1.511.140

0,01

TOTAL ASSETS

82.966

1,00

120.923

1,00

126.212

1,00

133.554.409

1,00

181.447.653

1,00

CURRENT LIABILITIES

6.137

0,07

14.053

0,12

15.189

0,12

10.026.738

0,08

38.421.238

0,21

Not Detailed Current Liabilities

0

0,00

0

0,00

0

0,00

0

0,00

0

0,00

Financial Loans

1.034

0,01

2.131

0,02

1.858

0,01

1.171.037

0,01

23.351.690

0,13

Accounts Payable

3.303

0,04

9.507

0,08

12.157

0,10

5.719.214

0,04

10.214.436

0,06

Loans from Shareholders

0

0,00

0

0,00

0

0,00

0

0,00

0

0,00

Other Short-term Payable

196

0,00

208

0,00

279

0,00

1.661.407

0,01

3.804.891

0,02

Advances from Customers

562

0,01

1.654

0,01

374

0,00

0

0,00

0

0,00

Accumulated Construction Income

0

0,00

0

0,00

0

0,00

0

0,00

0

0,00

Taxes Payable

333

0,00

478

0,00

507

0,00

821.716

0,01

471.047

0,00

Provisions

652

0,01

17

0,00

0

0,00

240.564

0,00

252.827

0,00

Other Current Liabilities

57

0,00

58

0,00

14

0,00

412.800

0,00

326.347

0,00

LONG-TERM LIABILITIES

3.706

0,04

2.798

0,02

1.129

0,01

231.901

0,00

15.425.845

0,09

Not Detailed Long-term Liabilities

0

0,00

0

0,00

0

0,00

0

0,00

0

0,00

Financial Loans

3.706

0,04

2.798

0,02

1.129

0,01

231.901

0,00

15.425.845

0,09

Securities Issued

0

0,00

0

0,00

0

0,00

0

0,00

0

0,00

Long-term Payable

0

0,00

0

0,00

0

0,00

0

0,00

0

0,00

Loans from Shareholders

0

0,00

0

0,00

0

0,00

0

0,00

0

0,00

Other Long-term Liabilities

0

0,00

0

0,00

0

0,00

0

0,00

0

0,00

Provisions

0

0,00

0

0,00

0

0,00

0

0,00

0

0,00

STOCKHOLDERS' EQUITY

73.123

0,88

104.072

0,86

109.894

0,87

123.295.770

0,92

127.600.570

0,70

Not Detailed Stockholders' Equity

0

0,00

0

0,00

0

0,00

0

0,00

0

0,00

Paid-in Capital

58.550

0,71

90.800

0,75

101.050

0,80

106.570.000

0,80

106.570.000

0,59

Cross Shareholding Adjustment of Capital

0

0,00

0

0,00

0

0,00

0

0,00

0

0,00

Inflation Adjustment of Capital

0

0,00

0

0,00

0

0,00

0

0,00

0

0,00

Equity of Consolidated Firms

0

0,00

0

0,00

0

0,00

0

0,00

0

0,00

Reserves

1.474

0,02

2.323

0,02

3.023

0,02

3.323.773

0,02

4.675.532

0,03

Revaluation Fund

0

0,00

0

0,00

0

0,00

0

0,00

0

0,00

Accumulated Losses(-)

0

0,00

0

0,00

0

0,00

0

0,00

0

0,00

Net Profit (loss)

13.099

0,16

10.949

0,09

5.821

0,05

13.401.997

0,10

16.355.038

0,09

TOTAL LIABILITIES AND EQUITY

82.966

1,00

120.923

1,00

126.212

1,00

133.554.409

1,00

181.447.653

1,00

 

REMARKS ON FINANCIAL STATEMENT

:

At the financial statements according to TAS, "Cheques Received" and "Outstanding Cheques" figures are under "Cash And Banks" figure. Beginning from the financial statements of 31.12.2011, "Cheques Received" and "Outstanding Cheques" figures are given under "Account Receivable" figure and "Account Payable" figure respectively.

 

 

 

INCOME STATEMENTS

 

 

(2007) TL Thousand

 

(2008) TL Thousand

 

(2009) TL Thousand

 

(2010) TL

 

(2011) TL

 

Net Sales

101.586

1,00

97.709

1,00

100.558

1,00

123.812.589

1,00

150.511.001

1,00

Cost of Goods Sold

76.897

0,76

73.320

0,75

85.075

0,85

97.407.028

0,79

113.001.664

0,75

Gross Profit

24.689

0,24

24.389

0,25

15.483

0,15

26.405.561

0,21

37.509.337

0,25

Operating Expenses

8.560

0,08

9.327

0,10

9.015

0,09

10.258.149

0,08

16.899.190

0,11

Operating Profit

16.129

0,16

15.062

0,15

6.468

0,06

16.147.412

0,13

20.610.147

0,14

Other Income

1.919

0,02

5.457

0,06

3.583

0,04

2.549.630

0,02

3.006.333

0,02

Other Expenses

1.314

0,01

4.753

0,05

1.949

0,02

0

0,00

0

0,00

Financial Expenses

327

0,00

2.068

0,02

811

0,01

1.932.853

0,02

3.756.373

0,02

Minority Interests

0

0,00

0

0,00

0

0,00

0

0,00

0

0,00

Profit (loss) of consolidated firms

0

0,00

0

0,00

0

0,00

0

0,00

0

0,00

Profit (loss) Before Tax

16.407

0,16

13.698

0,14

7.291

0,07

16.764.189

0,14

19.860.107

0,13

Tax Payable

3.308

0,03

2.749

0,03

1.470

0,01

3.362.192

0,03

3.505.069

0,02

Postponed Tax Gain

0

0,00

0

0,00

0

0,00

0

0,00

0

0,00

Net Profit (loss)

13.099

0,13

10.949

0,11

5.821

0,06

13.401.997

0,11

16.355.038

0,11

 

 

FINANCIAL RATIOS

 

 

(2007)

(2008)

(2009)

(2010)

(2011)

LIQUIDITY RATIOS

 

 

 

 

 

Current Ratio

6,26

3,75

3,63

5,64

1,86

Acid-Test Ratio

2,39

1,50

1,80

2,63

0,69

Cash Ratio

1,33

0,83

1,22

0,93

0,15

ASSET STRUCTURE RATIOS

 

 

 

 

 

Inventory/Total Assets

0,28

0,25

0,21

0,22

0,24

Short-term Receivable/Total Assets

0,08

0,08

0,07

0,13

0,11

Tangible Assets/Total Assets

0,53

0,56

0,56

0,51

0,59

TURNOVER RATIOS

 

 

 

 

 

Inventory Turnover

3,30

2,46

3,23

3,29

2,65

Stockholders' Equity Turnover

1,39

0,94

0,92

1,00

1,18

Asset Turnover

1,22

0,81

0,80

0,93

0,83

FINANCIAL STRUCTURE

 

 

 

 

 

Stockholders' Equity/Total Assets

0,88

0,86

0,87

0,92

0,70

Current Liabilities/Total Assets

0,07

0,12

0,12

0,08

0,21

Financial Leverage

0,12

0,14

0,13

0,08

0,30

Gearing Percentage

0,13

0,16

0,15

0,08

0,42

PROFITABILITY RATIOS

 

 

 

 

 

Net Profit/Stockholders' Eq.

0,18

0,11

0,05

0,11

0,13

Operating Profit Margin

0,16

0,15

0,06

0,13

0,14

Net Profit Margin

0,13

0,11

0,06

0,11

0,11

Interest Cover

51,17

7,62

9,99

9,67

6,29

COLLECTION-PAYMENT

 

 

 

 

 

Average Collection Period (days)

23,20

34,56

30,79

46,02

46,12

Average Payable Period (days)

15,46

46,68

51,44

21,14

32,54

WORKING CAPITAL

32283,00

38668,00

39950,00

46488223,00

33091834,00

 

 

 

FOREIGN EXCHANGE RATES

 

Currency
Unit

Indian Rupees

US Dollar

1

Rs.54.60

UK Pound

1

Rs.87.31

Euro

1

Rs.69.86

 

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%)

 

PRIVATE & CONFIDENTIAL : This information is provided to you at your request, you having employed MIPL for such purpose. You will use the information as aid only in determining the propriety of giving credit and generally as an aid to your business and for no other purpose. You will hold the information in strict confidence, and shall not reveal it or make it known to the subject persons, firms or corporations or to any other. MIPL does not warrant the correctness of the information as you hold it free of any liability whatsoever. You will be liable to and indemnify MIPL for any loss, damage or expense, occasioned by your breach or non observance of any one, or more of these conditions

This report is issued at your request without any risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL) or its officials.