MIRA INFORM REPORT

 

 

Report Date :

05.08.2013

 

IDENTIFICATION DETAILS

 

Name :

NEVSKY THRESHOLDS LIMITED LIABILITY COMPANY

 

 

Registered Office :

15/4 uchastok, 1-st microdistrict, Im. Sverdlova poselok, Vsevolozhskiy District, Leningrad Region, 188682

 

 

Country :

Russia

 

 

Financials (as on) :

01.01.2012

 

 

Date of Incorporation :

11.12.2002

 

 

Com. Reg. No.:

1024700564217

 

 

Legal Form :

OOO (Limited Liability Company by Russian Law)

 

 

Line of Business :

Manufacture and sales of tea and coffee.

 

 

No. of Employees :

1 500  Approximately

 

RATING & COMMENTS

 

MIRA’s Rating :

B

 

RATING

STATUS

PROPOSED CREDIT LINE

26-40

B

Capability to overcome financial difficulties seems comparatively below average.

Small

 

Status :

Moderate

Payment Behaviour :

Slow but correct

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 – March 31st, 2013

 

Country Name

Previous Rating

(31.12.2012)

Current Rating

(31.03.2013)

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. 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 also a top exporter of metals such as steel and primary aluminum. Russia's reliance on commodity exports makes it vulnerable to boom and bust cycles that follow the volatile swings in global 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 visible 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 economic decline bottomed out in mid-2009 and the economy began to grow again in the third quarter of 2009. High oil prices buoyed Russian growth in 2011-12 and helped Russia reduce the budget deficit inherited from 2008-09. Russia has reduced unemployment to a record low and has lowered inflation below double digit rates. Russia joined the World Trade Organization in 2012, which will reduce trade barriers in Russia for foreign goods and services and help open foreign markets to Russian goods and services. At the same time, Russia has sought to cement economic ties with countries in the former Soviet space through a Customs Union with Belarus and Kazakhstan, and, in the next several years, through the creation of a new Russia-led economic bloc called the Eurasian Economic Union. Russia has had difficulty attracting foreign direct investment and has experienced large capital outflows in the past several years, leading to official programs to improve Russia's international rankings for its investment climate. Russia's adoption of a new oil-price-based fiscal rule in 2012 and a more flexible exchange rate policy have improved its ability to deal with external shocks, including volatile oil prices. Russia's long-term challenges also include a shrinking workforce, rampant corruption, and underinvestment in infrastructure.

Source : CIA

Comments

 

 

Information

According to the data of the State Register of Legal Entities of Russian Federation the company EVSKI POROGI LTD hasn't been registered.

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

In your inquiry the name EVSKI POROGI LTD is mentioned with error. The correct name of the company is mentioned in our report.

 

 

 

Summary

 

 

Original Name

Obschestvo s ogranichennoy otvetstvennostyu "NEVSKIE POROGI"

Legal Form

OOO (Limited Liability Company by Russian Law)

Year of Foundation

1999

Sales

21 479 354 th RUR for 12 months, ended 01.01.2012

Employees

1 500 (approx.) on July, 31, 2013 (company's data)

 

 

 

 

Company Identification Details

 

 

Original Name

Obschestvo s ogranichennoy otvetstvennostyu "NEVSKIE POROGI"

Short Name

OOO "NEVSKIE POROGI"

Name in English

"NEVSKY THRESHOLDS" LIMITED LIABILITY COMPANY

Address

15/4 uchastok, 1-st microdistrict, Im. Sverdlova poselok, Vsevolozhskiy District, Leningrad Region, 188682, Russian Federation

Legal Address

15/4 uchastok, 1-st microdistrict, Im. Sverdlova poselok, Vsevolozhskiy District, Leningrad Region, 188682, Russian Federation

Phone

+7 (812) 3468240, 5423795, 3471092, 5426463, 3271085

Fax

+7 (812) 3468240, 5421501

E-mail

mail@orimitrade.ru

WEB Address

www.orimitrade.ru

 

 

History

13.04.2007: Legal Address changed from Krasnaya Zvezda poselok, Vsevolozhskiy District, Leningrad Region, 189710, Russian Federation

 

 

 

Official Company Data

 

 

Legal Form

OOO (Limited Liability Company by Russian Law)

Date of Registration

11.12.2002

Registration Number

1024700564217

Statistic Code (OKPO)

46288667

Taxpayer Code (INN)

4703044256

Registration Authority

Ministry for Taxes and Duties of Russian Federation

 

 

 

Public Record Information

 

 

Information

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

 

 

 

Share Capital

 

 

Current Share Capital

2 550 654 742 RUR

 

 

 

Shareholders

 

 

Total

1 legal person

 

 

Shareholder

OOO "ORIMI TREYD"

Address

Gzhatskaya str., 21, St.-Petersburg, 195220, Russian Federation

Registration Number

1027802512451

Taxpayer Code (INN)

7804069580

Share

100 %

 

 

 

Directors

 

 

Director

Mr Muratov Marat Igorevich

 

Signature Right

Nationality

Russian Federation

Taxpayer Code (INN)

470310019014

 

 

 

Re-Registration Data

 

 

Initial Registration

18.06.1999

Registration Number

R-7248.15

Registration Authority

State Register Chamber by Ministry of Justice

 

 

Date of Registration

11.12.2002

 

(Entering into the Single State Register of Legal Entities)

Registration Number

1024700564217

Registration Authority

Ministry for Taxes and Duties of Russian Federation

 

 

Date of Re-registration

13.03.2003

File Number

2034700563071

Registration Authority

Ministry for Taxes and Duties of Russian Federation

Changes

Company's Rules

 

 

Date of Re-registration

10.09.2003

File Number

2034700580451

Registration Authority

Ministry for Taxes and Duties of Russian Federation

Changes

Company's Rules

 

 

Date of Re-registration

24.08.2004

File Number

2044700564863

Registration Authority

Ministry for Taxes and Duties of Russian Federation

Changes

Company's Rules

 

 

Date of Re-registration

10.08.2005

File Number

2054700097186

Registration Authority

Federal Tax Service of Russian Federation

Changes

Company's Rules

 

 

Date of Re-registration

13.04.2006

File Number

2064703063401

Registration Authority

Federal Tax Service of Russian Federation

Changes

Company's Rules

 

 

Date of Re-registration

13.04.2007

File Number

2074703024900

Registration Authority

Federal Tax Service of Russian Federation

Changes

Legal Address

 

 

Date of Re-registration

29.08.2007

File Number

2074703051553

Registration Authority

Federal Tax Service of Russian Federation

Changes

Company's Rules

 

 

 

Operations

 

 

Activities

Manufacture and sales of tea and coffee.

The company sells tea under brands Princess NOORI, Princess KANDY, Princess GITA, Princess JAVA and coffee under brands JOCKEY, REGAL, MONSIGNOR and MAGIC PLANTATION.

 

 

Staff Employed

1 500 (approx.) on July, 31, 2013 (company's data)

 

 

 

Real Estate

 

 

Own

Office, warehouse, industrial area
Address: 15/4 uchastok, 1-st microdistrict, Im. Sverdlova poselok, Vsevolozhskiy District, Leningrad Region, 188682, Russian Federation
(company's data)

Office
Address: Tobol'skaya str., 3, St.-Petersburg, 194044, Russian Federation
(company's data)

 

 

Rent

none

 

 

 

Export & Import

 

 

Export Countries

2011: Germany
2010: Ukraine, Italy
2009: Ukraine, Germany

Exported Goods

equipment, spare parts, coffee, tea, boxes

Export Value

in 2012: none
in 2011: 157 776 USD
in 2010: 12 320 USD
in 2009: 2 709 129 USD

 

 

Import Countries

2012: Brazil, Vietnam, Indonesia, Colombia, Japan, Guatemala, Italy, Germany, Uganda, Mexico, Spain, India, Ethiopia, Burundi, Latvia, USA, Estonia
2011: Brazil, Vietnam, Japan, Italy, Indonesia, Honduras, Spain, Germany, Ethiopia, Colombia, Cameroon, Guatemala, Uganda, Burundi, Mexico, Poland, Latvia, Finland, Switzerland
2010: Brazil, Indonesia, Vietnam, Italy, Germany, Japan, Cameroon, Guatemala, Colombia, Canada, Spain, Finland, Bolivia, Great Britain, France, India
2009: Italy, Germany, Finland, Kazakhstan

Imported Goods

coffee, rubber products, tools, equipment, spare parts

Import Value

in 2012: 24 271 244 USD
in 2011: 62 441 660 USD
in 2010: 30 034 672 USD
in 2009: 12 649 976 USD

 

 

Branches

 

 

Branch

None

 

 

 

Participation

 

 

Information

None

 

 

 

Related Companies

 

 

Information

The company OOO "ORIMI TREYD" is also a shareholder of company

OOO "LIKHOBORSKOE"
Registration number: 1107746281730

Mr Muratov Marat Igorevich is also a shareholder of company

OOO "UK MARKPROD"
Registration number: 1089847088561

 

 

 

Bankers

 

 

Bank

OAO "MEZHDUNARODNYY BANK SANKT-PETERBURGA", bank code: 044030760 (Russian Federation)

Account(s)

40702810900000005810 (RUR)

 

 

Bank

OAO AKB "TAVRICHESKIY", bank code: 044030877 (Russian Federation)

Account(s)

40702810500000003860 (RUR)

 

 

Bank

OAO "BANK VTB SEVERO-ZAPAD", branch "UDEL'NYY" (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

21479354

19518529

17213840

12914179

Cost of Goods sold

20282087

18822152

16516467

11798346

GROSS PROFIT

1197267

696377

697373

1115833

Distribution Costs

298563

163569

57908

521594

Management Costs

 

 

 

 

OPERATING PROFIT

898704

532808

639465

594239

Non Trading Income

519832

90019

-32596

8546

PRE TAX PROFIT

1418536

622827

606869

602785

Taxation

237033

103009

100189

102941

PROFIT AFTER TAX

1198217

527545

512301

481627

 

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

6641008

5619886

4810573

4012311

 Intangible Assets

79

97

1041

8348

 Fixed Assets

2772917

2989408

2372267

2335883

TOTAL CURRENT ASSETS

16219126

6361412

10850966

5201271

 Stock

4145225

1968777

1737941

1578687

 Trade debtors

1466172

3423915

8097729

3240590

 Cash

739610

944012

393769

30815

TOTAL ASSETS

22860134

11981298

15661539

9213582

 

 

 

 

 

TOTAL EQUITY

4477854

4279637

4252092

3728698

 Share Capital

2550655

2550655

2550655

2550655

 Retained Profits

1876663

1678446

1650901

1127507

TOTAL LONG TERM LIABS

1091604

24862

32589

49303

 Long Term Loans

1083456

 

 

 

TOTAL CURRENT LIABS

17290676

7676799

11376858

5435581

 Short Term Loans

 

1266480

1266480

562700

 Short Term Trade Creditors

17290676

6410319

10110378

4872876

TOTAL EQUITY & LIABS

22860134

11981298

15661539

9213582

 

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

0,94

0,83

0,95

0,96

Working Capital, x1000 RUR

-1071550

-1315387

-525892

-234310

Quick Ratio

0,7

0,57

0,8

0,67

Debt to Equity Ratio

4,11

1,8

2,68

1,47

Current Assets Turnover

1,32

3,07

1,59

2,48

Total Assets Turnover Ratio

0,94

1,63

1,1

1,4

Pre Tax Profit Margin, %

6,6

3,19

3,53

4,67

Gross Profit, %

5,57

3,57

4,05

8,64

Return on Investment, %

31,68

14,55

14,27

16,17

Return on Assets, %

6,21

5,2

3,87

6,54

 

 

Clients & Suppliers

 

 

Clients

HOSOKAWA BEPEX GMBH (Germany)

PRODPAK LTD. (Ukraine)

IKA SPA (Italy)

ROBERT BOSCH GMBH (Germany)

ERWES REIFENBERG GMBH & CO. KG (Germany)

ZAO "SOREK-MEDIA" (Russian Federation)

OOO "SOVINSTRUMENTSERVIS" (Russian Federation)

 

 

Suppliers

INICIATIVAS COMERCIALES NAVARRAS S.A. (Spain)

COSTA CAFE COMERCIO EXPORTACAO E IMPORTACAO LTDA (Brazil)

VALORIZACAO EMPRESA DE CAFE S.A. (Brazil)

ATLANTICA EXPORTACAO E IMPORTACAO LTDA (Brazil)

YAMATO SCALE GMBH (Germany)

ROBERT BOSCH GMBH (Germany)

OLAM (UGANDA) LIMITED (Uganda)

ZAO "SOREK-MEDIA" (Russian Federation)

OOO "MEDIALAYF" (Russian Federation)

OOO "ATLANT" (Russian Federation)

ZAO "MUL'TIFLEKS" (Russian Federation)

OOO "KOMPANIYA "PROFLEKS" (Russian Federation)

OOO "KATERA" (Russian Federation)

OOO "ZAVOD UPAKOVOCHNYKH IZDELIY TOKK" (Russian Federation)

OOO "RA TVIN" (Russian Federation)

OOO "EDVENTA LOU" (Russian Federation)

OOO "MEDIA PLYUS" (Russian Federation)

*** 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

 

 

The information of Arbitration court of Moscow about judicial claims is presented

 

Date of registration

25.09.2012

Registration number

A56-57789/2012

Plaintiff

OOO "NEVSKIE POROGI"

Defendant

OOO "PROMTEKHNOLOGII SPB"

Claim sum

335 321 RUR

Claim category

Default of obligations under the contract

 

Date of registration

19.10.2012

Registration number

A56-63298/2012

Plaintiff

OOO "NEVSKIE POROGI"

Defendant

OOO "PANTEON"

Claim sum

767 102 RUR

Claim category

Default of obligations under the contract

 

Date of registration

15.05.2008

Registration number

A56-14086/2008

Plaintiff

OOO "NEVSKIE POROGI"

Defendant

OAO "VODOTEPLOSNAB"

Claim sum

1 118 970 RUR

Claim category

Default of obligations under the contract

 

 

 

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 on not paid taxes of Mr Muratov Marat Igorevich (as private person):

Date: 30.07.2013
Type of tax: The tax to property of physical persons.
The tax sum: 150.33 RUR

Date: 31.07.2013
Type of tax: The tax to property of physical persons.
The tax sum: 1 620.00 RUR

 

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

1041

97

79

Fixed assets

120

2372267

2989408

2772917

Construction in progress

130

1099116

338078

-

Income-bearing investments in tangible assets

135

-

-

-

Long-term financial investments

140

1338149

2292303

3312378

Deferred tax assets

145

-

-

-

Other non-current assets

150

-

-

555634

Total section I

190

4810573

5619886

6641008

II. CURRENT ASSETS

 

 

 

 

Inventories

210

1737941

1968777

4145225

including :

 

 

 

 

 raw materials and other inventories

211

1501534

1802717

-

 livestock

212

-

-

-

 work in progress

213

-

-

-

 finished goods and goods for resale

214

127770

109994

-

 goods dispatched

215

-

-

-

 expenses related to future periods

216

108637

56066

-

 other supplies and expenditures

217

-

-

-

Value added tax on purchased goods

220

234007

24708

185861

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

8097729

3423915

1466172

including :

 

 

 

 

 buyers and customers

241

8073362

3321835

-

Short-term investments

250

387520

-

9682258

Monetary assets

260

393769

944012

739610

Other current assets

270

-

-

-

Total section II

290

10850966

6361412

16219126

TOTAL SECTIONS I and II

300

15661539

11981298

22860134


 


 


 


 


 

EQUITY AND LIABILITIES

 

 

 

 

 

 

 

 

 

III. EQUITY AND RESERVES

 

 

 

 

Share capital

410

2550655

2550655

2550655

Treasury shares

411

-

-

-

Additional capital

420

50536

50536

50536

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

1650901

1678446

1876663

Total section III

490

4252092

4279637

4477854

IV. NON-CURRENT LIABILITIES

 

 

 

 

Borrowings

510

-

-

1083456

Deferred tax liabilities

515

32589

24862

8148

Other non-current liabilities

520

-

-

-

Total section IV

590

32589

24862

1091604

V. CURRENT LIABILITIES

 

 

 

 

Borrowings

610

1266480

1266480

-

Accounts payable

620

10110378

6410319

17290676

including :

 

 

 

 

 suppliers and contractors

621

10004180

6326258

-

 salaries payable

622

35360

37154

-

 payable to state non-budget funds

623

7079

7422

-

 taxes payable

624

33841

9413

-

 other creditors

625

29918

30072

-

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

11376858

7676799

17290676

TOTAL SECTIONS III,IV,V

700

15661539

11981298

22860134

 

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

21479354

19518529

17213840

Cost of goods, products, work, services sold

020

20282087

18822152

16516467

Gross profit

029

1197267

696377

697373

Selling expenses

030

298563

163569

57908

Administrative expenses

040

-

-

-

Profit (loss) from operations

050

898704

532808

639465

OTHER INCOME AND EXPENSES

 

 

 

 

Interest income

060

440897

154679

105256

Interest expenses

070

88631

118075

86941

Income from investments in other companies

080

-

-

-

Other operating income

090

208754

189364

160627

Other operating expenses

100

41188

135949

211538

Non-operating income

120

-

-

-

Non-operating expenses

130

-

-

-

Profit (loss) before profit tax

140

1418536

622827

606869

Deferred tax assets

141

16714

7727

5621

Deferred tax liabilities

142

-

-

-

Current profit tax

150

237033

103009

100189

Net profit (loss) for the reporting period

190

1198217

527545

512301

 

Additional information about shareholders (legal persons)

 

 

Below is presented the extended information about the shareholders (legal persons) of subject company.

 

 

 

Name

OOO "ORIMI TREYD"

Legal address

Gzhatskaya str., 21, St.-Petersburg, 195220, Russian Federation

Taxpayer code (INN)

7804069580

Registration Number

1027802512451

Share

100 %

 

 

 

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

18946467

18079930

15126499

10595402

Cost of Goods sold

16549843

16263912

13713874

9597860

GROSS PROFIT

2396624

1816018

1412625

997542

Distribution Costs

1845782

1426057

1116009

768935

Management Costs

 

 

 

 

OPERATING PROFIT

550842

389961

296616

228607

Non Trading Income

1343637

1329968

1007231

314418

PRE TAX PROFIT

1894479

1181755

299038

355907

Taxation

167592

134004

60723

27251

PROFIT AFTER TAX

1726842

1047322

238237

328509

 

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

2780452

2378596

2753676

1599171

 Intangible Assets

61123

50111

18555

1559

 Fixed Assets

23771

28502

17378

17895

TOTAL CURRENT ASSETS

7572875

11120964

7370025

2259187

 Stock

1281557

984975

812555

574758

 Trade debtors

1994572

1755481

1160242

1013153

 Cash

564090

2149292

2266433

107579

TOTAL ASSETS

10353327

13499560

10123701

3858358

 

 

 

 

 

TOTAL EQUITY

2990301

1658459

721137

482900

 Share Capital

100

100

100

100

 Retained Profits

2990201

1658359

721037

482800

TOTAL LONG TERM LIABS

869507

869462

869033

868955

 Long Term Loans

868949

868949

868949

868949

TOTAL CURRENT LIABS

6493519

10971639

8533531

2506503

 Short Term Loans

 

 

 

663950

 Short Term Trade Creditors

6493519

10971639

8533531

1842553

TOTAL EQUITY & LIABS

10353327

13499560

10123701

3858358

 

 

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

 

 

FOREIGN EXCHANGE RATES

 

Currency
Unit

Indian Rupees

US Dollar

1

Rs.60.80

UK Pound

1

Rs.91.95

Euro

1

Rs.80.36

 

 

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.