MIRA INFORM REPORT

 

 

Report Date :

08.04.2013

 

IDENTIFICATION DETAILS

 

Name :

FACTOR LIMITED LIABILITY COMPANY

 

 

Registered Office :

Partizanskaya str., 27, office 301, 407, Moscow, 121351

 

 

Country :

Russia

 

 

Financials (as on) :

01.01.2012

 

 

Date of Incorporation :

15.09.2006

 

 

Com. Reg. No.:

5067746653508

 

 

Legal Form :

OOO (Limited Liability Company by Russian Law)

 

 

Line of Business :

Retail trade in clothing, accessories, bags, costume jewellery, footwear.

 

 

No. of Employees :

350

 

RATING & COMMENTS

 

MIRA’s Rating :

Ca

 

RATING

STATUS

PROPOSED CREDIT LINE

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

 

Status :

Moderate

Payment Behaviour :

Slow

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)

Russia

A2

A2

 

Risk Category

ECGC Classification

Insignificant

 

A1

Low

 

A2

Moderate

 

B1

High

 

B2

Very High

 

C1

Restricted

 

C2

Off-credit

 

D

 

RUSSIA - ECONOMIC OVERVIEW

 

Russia has undergone significant changes since the collapse of the Soviet Union, moving from a globally-isolated, centrally-planned economy to a more market-based and globally-integrated economy. Economic reforms in the 1990s privatized most industry, with notable exceptions in the energy and defense-related sectors. The protection of property rights is still weak and the private sector remains subject to heavy state interference. Russian industry is primarily split between globally-competitive commodity producers. In 2011, Russia became the world's leading oil producer, surpassing Saudi Arabia; Russia is the second-largest producer of natural gas; Russia holds the world's largest natural gas reserves, the second-largest coal reserves, and the eighth-largest crude oil reserves. Russia is the third-largest exporter of both steel and primary aluminum. Other less competitive heavy industries remain dependent on the Russian domestic market. Russia's reliance on commodity exports makes it vulnerable to boom and bust cycles that follow the highly volatile swings in global commodity prices. The government since 2007 has embarked on an ambitious program to reduce this dependency and build up the country's high technology sectors, but with few results so far. The economy had averaged 7% growth in the decade following the 1998 Russian financial crisis, resulting in a doubling of real disposable incomes and the emergence of a middle class. The Russian economy, however, was one of the hardest hit by the 2008-09 global economic crisis as oil prices plummeted and the foreign credits that Russian banks and firms relied on dried up. According to the World Bank the government's anti-crisis package in 2008-09 amounted to roughly 6.7% of GDP. The Central Bank of Russia spent one-third of its $600 billion international reserves, the world's third largest, in late 2008 to slow the devaluation of the ruble. The government also devoted $200 billion in a rescue plan to increase liquidity in the banking sector and aid Russian firms unable to roll over large foreign debts coming due. The economic decline bottomed out in mid-2009 and the economy began to grow in the third quarter of 2009. However, a severe drought and fires in central Russia reduced agricultural output, prompting a ban on grain exports for part of the year, and slowed growth in other sectors such as manufacturing and retail trade. High oil prices buoyed Russian growth in 2011 and helped Russia reduce the budget deficit inherited from the lean years of 2008-09. Russia has reduced unemployment since 2009 and has made progress on reducing inflation since 2010. Russia's long-term challenges include a shrinking workforce, a high level of corruption, difficulty in accessing capital for smaller, non-energy companies, and poor infrastructure in need of large investments.

Source : CIA

Comments

 

 

Information

The address mentioned in your inquiry belongs to the company Obschestvo s ogranichennoy otvetstvennostyu "FAKTOR" (name in English: "FACTOR" LIMITED LIABILITY COMPANY). We provide the report on this company.

 

 

 

Summary

 

 

Original Name

Obschestvo s ogranichennoy otvetstvennostyu "FAKTOR"

Legal Form

OOO (Limited Liability Company by Russian Law)

Year of Foundation

2006

Sales

5 111 465 th RUR for 12 months, ended 01.01.2012

Employees

350 (approx.) on April, 05, 2013 (company's data)

 

 

 

 

Company Identification Details

 

 

Original Name

Obschestvo s ogranichennoy otvetstvennostyu "FAKTOR"

Short Name

OOO "FAKTOR"

Name in English

"FACTOR" LIMITED LIABILITY COMPANY

Address

Partizanskaya str., 27, office 301, 407, Moscow, 121351, Russian Federation

Legal Address

Profsoyuznaya str., 100A, Moscow, 117485, Russian Federation

Phone

+7 (495) 7752452
+7 (916) 7015295

Fax

+7 (495) 7752452

E-mail

info@zolla.ru
evseenko@zolla.ru
korneeva@zolla.ru

WEB Address

www.zolla.ru

 

 

 

Official Company Data

 

 

Legal Form

OOO (Limited Liability Company by Russian Law)

Date of Registration

15.09.2006

Registration Number

5067746653508

Statistic Code (OKPO)

97221512

Taxpayer Code (INN)

7728594673

Registration Authority

Federal Tax Service of Russian Federation Interregional Inspection N 46 within Moscow

 

 

 

Public Record Information

 

 

Information

The company Obschestvo s ogranichennoy otvetstvennostyu "FAKTOR" was not included in the published list of bankrupt companies.

 

 

 

Share Capital

 

 

Current Share Capital

10 000 RUR

 

 

 

Shareholders

 

 

Total

1 legal person

 

 

Shareholder

SZFV BUILDING LIMITED

Address

Cyprus

Registration Number

297342

Share

100 %

 

 

Comments

The names of foreign shareholders of the company may be pointed incorrectly as in official documents (extracts from register) they're written in Russian by cyrillic letters. We present our apologies for possible mistakes in transliteration.

 

 

 

Directors

 

 

Director

Mr Shestakov Aleksey Aleksandrovich

 

Signature Right

Nationality

Russian Federation

Taxpayer Code (INN)

503300196508

 

 

 

Re-Registration Data

 

 

Date of Registration

15.09.2006

 

(Entering into the Single State Register of Legal Entities)

Registration Number

5067746653508

Registration Authority

Federal Tax Service of Russian Federation
Interregional Inspection N 46 within Moscow

 

 

Date of Re-registration

26.02.2008

File Number

6087746687704

Registration Authority

Federal Tax Service of Russian Federation, Interregional Inspection N 46 within Moscow

Changes

Company's Rules

 

 

Date of Re-registration

29.05.2008

File Number

2087755902518

Registration Authority

Federal Tax Service of Russian Federation, Interregional Inspection N 46 within Moscow

Changes

Company's Rules

 

 

Date of Re-registration

07.12.2009

File Number

8097748003884

Registration Authority

Federal Tax Service of Russian Federation

Changes

Company's Rules

 

 

Date of Re-registration

07.07.2010

File Number

8107747364827

Registration Authority

Federal Tax Service of Russian Federation

Changes

Company's Rules

 

 

Date of Re-registration

18.04.2012

File Number

7127746612327

Registration Authority

Federal Tax Service of Russian Federation

Changes

Company's Rules

 

 

Date of Re-registration

06.08.2012

File Number

2127747617765

Registration Authority

Federal Tax Service of Russian Federation

Changes

Company's Rules

 

 

Date of Re-registration

20.09.2012

File Number

7127747095029

Registration Authority

Federal Tax Service of Russian Federation

Changes

Company's Rules

 

 

 

Operations

 

 

Activities

Retail trade in clothing, accessories, bags, costume jewellery, footwear.

The company sells goods under brand ZOLLA.

 

 

Staff Employed

350 (approx.) on April, 05, 2013 (company's data)

Employees' History

300 (approx.) on September, 25, 2012 (company's data)
100 (approx.) on February, 27, 2011 (company's data)
70 (approx.) on August, 17, 2010 (company's data)
20 (approx.) on July, 07, 2009 (company's data)
20 (approx.) on May, 28, 2009 (company's data)
15 on June, 22, 2007 (company's data)

 

Real Estate

 

 

Own

none

 

 

Rent

Office
Address: Partizanskaya str., 27, office 301, 407, Moscow, 121351, Russian Federation
(company's data)

Shop, warehouse
Address: B. Cheremushkinskaya str., 1, Trading center "RIO", Moscow, 117447, Russian Federation
(company's data)

Shop, warehouse
Address: Ordzhonikidze str., 11, bldg. 1/2, Moscow, 115419, Russian Federation
(company's data)

Shop, warehouse
Address: Varshavskoe shosse, 87B, Trading center "VARSHAVSKIY", Moscow, 117556, Russian Federation
(company's data)

Shop, warehouse
Address: Grazhdanskiy prosp., 41, Trading center "MEGA AKADEMICHESKIY", St.-Petersburg, 195220, Russian Federation
(company's data)

Shop, warehouse
Address: Khalturina str., 55A, Trading center "KARNAVAL", Ekaterinburg, Sverdlovsk Region, 620034, Russian Federation
(company's data)

 

 

 

Export & Import

 

 

Export Countries

2006-2011, for 9 months 2012: No Export Activity

Exported Goods

none

Export Value

none

 

 

Import Countries

for 9 months 2012: Hong Kong, China, Sri Lanka, Bangladesh, Uzbekistan, Lithuania
2011: China, Hong Kong, Bangladesh, Sri Lanka, Germany, Finland
2010: China, Hong Kong, Bangladesh, Netherlands, Lithuania, Estonia
2009: China, Hong Kong, Bangladesh, Indonesia, Estonia
2008: China, Bangladesh, Indonesia, India, Hong Kong
2007: China, Hong Kong

Imported Goods

clothes, accessories, bags, costume jewellery, footwear

Import Value

for 9 months 2012: 28 234 041 USD
in 2011: 50 309 389 USD
in 2010: 10 441 237 USD
in 2009: 21 210 469 USD
in 2008: 21 356 106 USD
in 2007: 6 869 564 USD
in 2006: none

 

 

 

Branches

 

 

Branch

According to the management of the company the firm has got branches and shops situated in following cities of Russian Federation: St.-Petersburg, Vladimir, Ekaterinburg, Ivanovo, Izhevsk, Kazan, Krasnodar, Krasnoyarsk, Kursk, Nizhni Novgorod, Novosibirsk, Perm, Rostov-on-Don, Samara, Tyumen, Chelyabinsk, Cherepovets, Yaroslavl.

The company has representations: Bangladesh, China, India, Sri Lanka.

 

 

 

Participation

 

 

Information

None

 

 

 

Related Companies

 

 

Information

The company SZFV BUILDING LIMITED is also a shareholder of company:

OOO "FAST FESHN"
Registration number: 1097746412719

Mr Shestakov Aleksey Aleksandrovich is also a director of company:

OOO "NOMENAR"
Registration number: 1027739910813

 

 

 

Bankers

 

 

Bank

OOO KB "NEKLIS-BANK" (Russian Federation)

 

Financial Data

 

 

Profit and Loss (extract)

 

The following figures are shown in units of 1000

 

 

Period, months

12

12

12

12

Ended

01.01.2012

01.01.2011

01.01.2010

01.01.2009

Currency

RUR

RUR

RUR

RUR

SALES

5111465

3211962

953238

703523

Cost of Goods sold

1837599

987811

705586

600567

GROSS PROFIT

3273866

2224151

247652

102956

Distribution Costs

2995180

2099592

150756

34565

Management Costs

 

 

 

 

OPERATING PROFIT

278686

124559

96896

68391

Non Trading Income

-294805

-102907

-88739

-86124

PRE TAX PROFIT

-16119

21652

8157

-17733

Taxation

18787

4428

352

198

PROFIT AFTER TAX

-37078

17205

7841

-17962

 

Balance Sheet (extract)

 

The following figures are shown in units of 1000

 

As at

01.01.2012

01.01.2011

01.01.2010

01.01.2009

Currency

RUR

RUR

RUR

RUR

TOTAL FIXED ASSETS

17731

12140

4617

3146

 Intangible Assets

 

 

 

 

 Fixed Assets

17500

11975

4434

3079

TOTAL CURRENT ASSETS

2105164

1392608

493330

426322

 Stock

1715246

949693

366023

273521

 Trade debtors

314936

349617

101192

138003

 Cash

12301

82373

23231

5857

TOTAL ASSETS

2122895

1404748

497947

429468

 

 

 

 

 

TOTAL EQUITY

-30185

6893

-10730

-18150

 Share Capital

10

10

10

10

 Retained Profits

-30195

6883

-10740

-18160

TOTAL LONG TERM LIABS

1624055

1080441

376325

445801

 Long Term Loans

1623749

1080300

376287

445744

TOTAL CURRENT LIABS

529025

317414

132352

1817

 Short Term Loans

25971

 

 

 

 Short Term Trade Creditors

503054

317414

132352

1817

TOTAL EQUITY & LIABS

2122895

1404748

497947

429468

 

Key Credit Ratios

 

The following figures are shown as Ratios or Percentages

 

Accounts Date

01.01.2012

01.01.2011

01.01.2010

01.01.2009

Current Ratio

3,98

4,39

3,73

234,63

Working Capital, x1000 RUR

1576139

1075194

360978

424505

Quick Ratio

0,74

1,4

0,96

84,1

Debt to Equity Ratio

-71,33

202,79

-47,41

-24,66

Current Assets Turnover

2,43

2,31

1,93

1,65

Total Assets Turnover Ratio

2,41

2,29

1,91

1,64

Pre Tax Profit Margin, %

-0,32

0,67

0,86

-2,52

Gross Profit, %

64,05

69,25

25,98

14,63

Return on Investment, %

53,4

314,12

-76,02

97,7

Return on Assets, %

-0,76

1,54

1,64

-4,13

 

 

 

Clients & Suppliers

 

 

Suppliers

BIGKIND LTD. (Hong Kong)

NINGBO TIANYA CLOTHING CO., LTD. (China)

NINGBO FOREIGN ENTERPRISES SERVICE AND TRADE CO., LTD. (China)

NINGBO GREENLAND COSTUME INDUSTRIAL CO., LTD. (China)

NINGBO FUSHIJIE CLOTHING CO., LTD. (China)

NANJING FORTUNATE TEXTILE & FASHION CO., LTD. (China)

NINGBO YONGNAN TIMES GARMENT CO., LTD. (China)

NINGBO JADESTONE IMP & EXP CO., LTD. (China)

SHAOXING COUNTRY HONGGUANG TEXTILE AND GARMENTS CO., LTD. (China)

NINGBO DOLPHIN GARMENTS CO., LTD. (China)

GOLDINDO PRIMATAMA SWEATER PT. (Indonesia)

*** The names of foreign partners may be pointed incorrectly as in official documents (declarations) they’re written in Russian. We present our apologies for possible mistakes in transliteration.

 

 

 

Actions at law

 

 


According to Arbitration court of Moscow judicial claims of the company are not registered.

 

 

 

 

Publications

 

 

Date

2013

Source

The Federal Tax Service of Russian Federation

Text of Publication

The Federal Tax Service of Russian Federation has published the information that the Mr Shestakov Aleksey Aleksandrovich (as private person) doesn't have not paid taxes.

 

 

 

Original Financial Data

(Russian Accounting Report in English)

 

Balance Sheet

 

The following figures are shown in units of 1000

 

 
ASSETS

Line code

as at
01.01.2010

as at
01.01.2011

as at
01.01.2012

 

 

 

 

 

I. NON-CURRENT ASSETS

 

 

 

 

Intangible assets

110

-

-

-

Fixed assets

120

4434

11975

17500

Construction in progress

130

1

-

-

Income-bearing investments in tangible assets

135

-

-

-

Long-term financial investments

140

-

-

-

Deferred tax assets

145

183

165

231

Other non-current assets

150

-

-

-

Total section I

190

4617

12140

17731

II. CURRENT ASSETS

 

 

 

 

Inventories

210

366023

949693

1715246

including :

 

 

 

 

 raw materials and other inventories

211

2248

8136

-

 livestock

212

-

-

-

 work in progress

213

-

-

-

 finished goods and goods for resale

214

295412

574216

-

 goods dispatched

215

67149

365564

-

 expenses related to future periods

216

1214

1777

-

 other supplies and expenditures

217

-

-

-

Value added tax on purchased goods

220

2884

10926

62682

Accounts receivable (payments expected beyond 12 months after the reporting date)

230

-

-

-

including :

 

 

 

 

 buyers and customers

231

-

-

-

Accounts receivable (payments expected within 12 months after the reporting date)

240

101192

349617

314936

including :

 

 

 

 

 buyers and customers

241

-

2771

-

Short-term investments

250

-

-

-

Monetary assets

260

23231

82373

12301

Other current assets

270

-

-

-

Total section II

290

493330

1392608

2105164

TOTAL SECTIONS I and II

300

497947

1404748

2122895


 


 


 


 


 

EQUITY AND LIABILITIES

 

 

 

 

 

 

 

 

 

III. EQUITY AND RESERVES

 

 

 

 

Share capital

410

10

10

10

Treasury shares

411

-

-

-

Additional capital

420

-

-

-

Legal reserve

430

-

-

-

including :

 

 

 

 

 reserves and provisions formed in
 accordance with legislation

431

-

-

-

 reserves formed in accordance
 with foundation documents

432

-

-

-

Retained earnings (loss)

470

-10740

6883

-30195

Total section III

490

-10730

6893

-30185

IV. NON-CURRENT LIABILITIES

 

 

 

 

Borrowings

510

376287

1080300

1623749

Deferred tax liabilities

515

38

141

306

Other non-current liabilities

520

-

-

-

Total section IV

590

376325

1080441

1624055

V. CURRENT LIABILITIES

 

 

 

 

Borrowings

610

-

-

25971

Accounts payable

620

132352

317414

503054

including :

 

 

 

 

 suppliers and contractors

621

60231

287115

-

 salaries payable

622

1053

9808

-

 payable to state non-budget funds

623

438

1588

-

 taxes payable

624

438

1495

-

 other creditors

625

70192

17407

-

Dividends payable to participants (shareholders)

630

-

-

-

Income of future periods

640

-

-

-

Reserves for future expenses
and payments

650

-

-

-

Other current liabilities

660

-

-

-

Total section V

690

132352

317414

529025

TOTAL SECTIONS III,IV,V

700

497947

1404748

2122895

 

PROFIT AND LOSS ACCOUNT

 

The following figures are shown in units of 1000

 

 
PARAMETER

Line code

 
01.01.2012

 
01.01.2011

 
01.01.2010

 

 

 

 

 

INCOME FROM AND EXPENSES ON ORDINARY ACTIVITIES

 

 

 

 

Sale of goods, products, work, services (less VAT, excise tax, other similar mandatory payments)

010

5111465

3211962

953238

Cost of goods, products, work, services sold

020

1837599

987811

705586

Gross profit

029

3273866

2224151

247652

Selling expenses

030

2995180

2099592

150756

Administrative expenses

040

-

-

-

Profit (loss) from operations

050

278686

124559

96896

OTHER INCOME AND EXPENSES

 

 

 

 

Interest income

060

68

-

-

Interest expenses

070

195456

108954

82371

Income from investments in other companies

080

-

-

-

Other operating income

090

308671

144387

165897

Other operating expenses

100

408088

138340

172265

Non-operating income

120

-

-

-

Non-operating expenses

130

-

-

-

Profit (loss) before profit tax

140

-16119

21652

8157

Deferred tax assets

141

66

86

26

Deferred tax liabilities

142

2238

105

-10

Current profit tax

150

18787

4428

352

Net profit (loss) for the reporting period

190

-37078

17205

7841

 

Additional information about related companies

 

 

Below is presented the extended information about the related companies of subject company.

 

 

 

Name

OOO "FAST FESHN"

Registration Number

1097746412719

Taxpayer code (INN)

7728705256

 

 

 

Profit and Loss (extract)

 

The following figures are shown in units of 1000

 

 

Period, months

12

12

12

 

Ended

01.01.2012

01.01.2011

01.01.2010

 

Currency

RUR

RUR

RUR

 

SALES

2131389

636482

10848

 

Cost of Goods sold

346

3480

 

 

GROSS PROFIT

2131043

633002

10848

 

Distribution Costs

 

 

 

 

Management Costs

2036652

601483

23592

 

OPERATING PROFIT

94391

31519

-12744

 

Non Trading Income

-81702

-30929

-1287

 

PRE TAX PROFIT

12689

590

-14031

 

Taxation

3350

126

 

 

PROFIT AFTER TAX

6379

454

-14031

 

 

Balance Sheet (extract)

 

The following figures are shown in units of 1000

 

As at

01.01.2012

01.01.2011

01.01.2010

 

Currency

RUR

RUR

RUR

 

TOTAL FIXED ASSETS

96381

78237

7848

 

 Intangible Assets

 

 

 

 

 Fixed Assets

92246

73458

6258

 

TOTAL CURRENT ASSETS

434697

176046

35486

 

 Stock

46686

24709

9053

 

 Trade debtors

275203

99341

8566

 

 Cash

112804

51996

12960

 

TOTAL ASSETS

531078

254283

43334

 

 

 

 

 

 

TOTAL EQUITY

-4383

-13567

-14021

 

 Share Capital

10

10

10

 

 Retained Profits

-4393

-13577

-14031

 

TOTAL LONG TERM LIABS

291375

214864

45366

 

 Long Term Loans

291375

214862

45366

 

TOTAL CURRENT LIABS

244086

52986

11989

 

 Short Term Loans

 

 

5

 

 Short Term Trade Creditors

244086

52986

11984

 

TOTAL EQUITY & LIABS

531078

254283

43334

 

 

 

Rates of Exchange

 

 

RUR - Russian Rouble

01.01.2012:   1 EUR = 41.67 RUR,   1 USD = 32.19 RUR

EUR - EURO

01.01.2011:   1 EUR = 40.49 RUR,   1 USD = 30.35 RUR

USD - US Dollar

01.01.2010:   1 EUR = 43.46 RUR,   1 USD = 30.19 RUR

 

DIAMOND INDUSTRY – INDIA

 

-          From time immemorial, India is well known in the world as the birthplace for diamonds.  It is difficult to trace the origin of diamonds but history says that in the remote past, diamonds were mined only in India. Diamond production in India can be traced back to almost 8th Century B.C.  India, in fact, remained undisputed leader till 18th Century when Brazilian fields were discovered in 1725 followed by emergence of S. Africa, Russia and Australia.

-          The achievement of the Indian diamond industry was possible only due to combination of the manufacturing skills of the Indian workforce and the untiring and unflagging efforts of the Indian diamantaires, supported by progressive Government policies.

-          The area of study of family owned diamond businesses derives its importance from the huge conglomerate of family run organizations which operate in the diamond industry since many generations.

-          Some of the basic traits of family run business enterprises include spirit of entrepreneurship, mutual trust lowers transaction costs, small, nimble and quick to react, information as a source of advantage and philanthropy.

-          Family owned diamond businesses need to improve on many fronts including higher standard of corporate governance, long-term performance – focused strategies, modern management and technology.

-          The diamond jewellery industry in India today may be more than Rs 60000 mil and is rated amongst the fastest growing  in the world. Indi ranks third in the world in domestic diamond consumption.

-          Utmost caution is to be exercised while dealing with some medium and large diamond traders which are usually engaged in fictitious import – export, inter-company transactions, financially assisted by banks. In the process, several public sector banks lost several hundred million rupees. They mostly diverted borrowed money for diamond business into real estate and capital markets.

-          Excerpts from Times of India dated 30th October 2010 is as under –

 

DIAMOND SAGA – DIRTY DOZEN STUCK WITH 2K CR DEBT

This could be the biggest credibility crisis the Indian diamond industry has ever faced. Fifteen banks run the risk of losing Rs 2000 crore lent to a dozen diamond firms in Surat. Until about two months ago, they had not repaid  these dues. Bankers believe many diamantaires borrowed money during the economic downturn two years ago and diverted funds to businesses like real estate and capital markets. Many of themselves made money from these businesses but their diamond companies have gone sick and declared insolvency.

-          Most of the money borrowed from the banks in the name of their diamond business has been diverted in real estate and the share market. The banks are not in a position to seize their properties because in many cases, these were purchased in the name of their relatives and friends.

FOREIGN EXCHANGE RATES

 

Currency
Unit

Indian Rupees

US Dollar

1

Rs.54.88

UK Pound

1

Rs.83.54

Euro

1

Rs.70.90

 

 

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%)

 

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.