MIRA INFORM REPORT

 

 

Report Date :

12.12.2013

 

IDENTIFICATION DETAILS

 

Name :

HAYAT KIMYA SANAYI A.S.

 

 

Formerly Known As :

Hayat Kimya ve Mensucat Sanayi A.S.

 

 

Registered Office :

Mahir Iz Cad. No:25 Altunizade Istanbul

 

 

Country :

Turkey

 

 

Financials (as on) :

30.06.2013

 

 

Date of Incorporation :

09.03.1937

 

 

Com. Reg. No.:

22582

 

 

Legal Form :

Joint Stock Company

 

 

Line of Business :

Manufacturer and trader of detergents, hygienic ped, nappies and tissue paper.

 

 

No. of Employees :

3.000

 

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 – September 30th, 2013

 

Country Name

Previous Rating

(30.06.2013)

Current Rating

(30.09.2013)

Turkey

B2

B2

 

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 9.2% in 2010, as exports returned to normal levels following the recession. Growth dropped to approximately 3% in 2012. Turkey's public sector debt to GDP ratio has fallen to about 40%, and at least one rating agency upgraded Turkey's debt to investment grade in 2012. Turkey remains dependent on often volatile, short-term investment to finance its large trade deficit. The stock value of FDI stood at $117 billion at year-end 2012. Inflows have slowed because of continuing economic turmoil in Europe, the source of much of Turkey's FDI. 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

:

HAYAT KIMYA SANAYI A.S.

HEAD OFFICE ADDRESS

:

Mahir Iz Cad. No:25 Altunizade Istanbul / Turkey

REMARKS ON HEAD OFFICE ADDRESS

:

The door number was changed from "No:23" to "No:25" by the municipality.

PHONE NUMBER

:

90-216-554 40 00

 

FAX NUMBER

:

90-216-474 00 60-62

 

WEB-ADDRESS

:

www.hayat.com.tr

E-MAIL

:

hayat@hayat.com.tr

 

 

LEGAL STATUS AND HISTORY

 

 

TAX OFFICE

:

Buyuk Mukellefler

TAX NO

:

4600010472

REGISTRATION NUMBER

:

22582

REGISTERED OFFICE

:

Istanbul Chamber of Commerce

DATE ESTABLISHED

:

09.03.1937

ESTABLISHMENT GAZETTE DATE/NO

:

12.03.1937

LEGAL FORM

:

Joint Stock Company

TYPE OF COMPANY

:

Private

REGISTERED CAPITAL

:

TL   240.000.000

PAID-IN CAPITAL

:

TL   240.000.000

HISTORY

:

Previous Name

:

Hayat Kimya ve Mensucat Sanayi A.S.

Changed On

:

24.06.1996 (Commercial Gazette Date /Number 28.06.1996/ 4069)

Previous Registered Capital

:

TL 144.000.000

Changed On

:

01.06.2009 (Commercial Gazette Date /Number 05.06.2009/ 7326)

Previous Registered Capital

:

TL 145.167.908

Changed On

:

30.06.2010 (Commercial Gazette Date /Number 07.07.2010/ 7601)

Previous Address

:

Cobancesme Sanayi Cad. No: 16 Yenibosna- Istanbul

Changed On

:

10.12.2003 (Commercial Gazette Date /Number 15.12.2003/ 5946)

Merger

:

The subject took over and merged with   “Hayat Temizlik ve Saglik Urunleri San. ve Tic. A.S.”

Changed On

:

01.06.2009 (Commercial Gazette Date /Number 05.06.2009/ 7326)

 

 

OWNERSHIP / MANAGEMENT

 

 

SHAREHOLDERS

:

Mehmet Avni Kigili

39,50 %

Nida Aydin

17,48 %

Gulsum Tuba Cizmeci

17,48 %

Ayse Vildan Kigili

17,48 %

Ahmet Yahya Kigili

7,76 %

Hayat Holding A.S.

0,17 %

Fusun Hatice Gazioglu

 

M. Orhan Idil

 

Yildirim Akturk

 

Hayat Enerji Elektrik Uretim Sanayi ve Ticaret A.S.

 

Ayten Kutluca

 

Mehmet Tarik Kutluca

 

 

 

GROUP PARENT COMPANY

:

HAYAT HOLDING A.S.

 

SISTER COMPANIES

:

AS PAZARLAMA A.S.

AS TUKETIM MALLARI TICARET A.S.

HAYAT EMLAK YATIRIM INSAAT TURIZM SANAYI VE TICARET A.S.

HAYAT ENERJI ELEKTRIK URETIM SANAYI VE TICARET A.S.

HAYAT HAVACILIK VE ARAC KIRALAMA LTD.STI.

HAYAT HOLDING A.S.

HAYAT MAKINA SANAYI YATIRIM A.S.

HAYAT PROJE TAAHHUT VE INSAAT A.S.

KASTAMONU ENTEGRE AGAC SANAYI VE TICARET A.S.

LIMAS LIMAN ISLETMECILIGI A.S.

NOKTA INSAAT YATIRIM TURIZM SANAYI VE TICARET A.S.

TEVER AGAC SANAYII VE TICARET ISLETMELERI A.S.

YONGAPAN ORMAN URUNLERI SANAYI VE TICARET A.S.

 

SUBSIDIARIES

:

LIMAS LIMAN ISLETMECILIGI A.S.

SARL HAYAT DHC ALGERIA  ( 80 % )

 

BOARD OF DIRECTORS

:

Ahmet Yahya Kigili

Chairman

Mehmet Avni Kigili

Vice-Chairman

Yildirim Akturk

Member

Mehmet Orhan Idil

Member

 

 

 

 

OPERATIONS

 

 

BUSINESS ACTIVITIES

:

Manufacture and trade of detergents, hygienic ped, nappies and tissue paper.  The firm has factories in Algeria, Egypt, Romania, Iran,  Bulgaria and Bosnia and Herzegovina.

 

NACE CODE

:

DG.24.50

 

TRADEMARKS OWNED

:

Bingo

Familia

Molfix

Molped

Papia

Teno

 

NUMBER OF EMPLOYEES

:

3.000

 

NET SALES

:

23.895 TL Thousand

(1998) 

42.343 TL Thousand

(1999) 

73.060 TL Thousand

(2000) 

105.768 TL Thousand

(2001) 

171.050 TL Thousand

(2002) 

262.800 TL Thousand

(2003) 

336.683 TL Thousand

(2004) 

410.950 TL Thousand

(2005) 

489.488 TL Thousand

(2006) 

525.687 TL Thousand

(2007) 

619.623.532 TL

(2008) 

817.123.905 TL

(2009) 

812.473.113 TL

(2010) 

1.108.421.059 TL

(2011) 

1.239.839.126 TL

(2012) 

664.889.923 TL

(01.01-30.06.2013) 

 

 

IMPORT VALUE

:

160.718.196 USD

(2007)

218.000.000 USD

(2008)

235.000.000 USD

(2009)

300.000.000 USD

(2010)

330.000.000 USD

(2011)

 

 

IMPORT COUNTRIES

:

France

Germany

Italy

U.S.A.

Canada

 

MERCHANDISE IMPORTED

:

Chemicals

Paper raw materials

 

EXPORT VALUE

:

4.924.000 TL

(1998)

13.216.000 TL

(1999)

23.488.000 TL

(2000)

33.796.000 TL

(2001)

38.143.000 TL

(2002)

59.969.000 TL

(2003)

85.446.000 TL

(2004)

85.335.000 TL

(2005)

102.220.000 TL

(2006)

71.783.000 USD

(2007)

115.441.226 TL

(2008)

154.626.364 TL

(2009)

172.556.491 TL

(2010)

350.704.314 TL

(2011)

447.057.268 TL

(2012)

224.664.838 TL

(01.01-30.06.2013)

 

 

EXPORT COUNTRIES

:

Algeria

Ukraine

Bulgaria

U.K.

Russia

Egypt

Syria

Afghanistan

South Africa

Uzbekistan

Kyrgyzstan

Tajikistan

Georgia

Moldova

Greece

Australia

Lebanon

Northern Cyprus Turkish Republic

 

MERCHANDISE  EXPORTED

:

Chemicals

Detergents

Hygienic ped

Nappies

Paper

Soap

 

HEAD OFFICE ADDRESS

:

Mahir Iz Cad. No:25 Altunizade  Istanbul / Turkey ( owned by shareholder(s) )

 

BRANCHES

:

Factory  :  Sepetlipinar Mah. Hayat Cad. No:2 Basiskele, Izmit Kocaeli/Turkey (owned) (78.805 sqm)

                                                                                

 

 

TREND OF BUSINESS

:

There was an upwards trend in  2012. There appears an upwards trend in  1.1 - 30.6.2013.

SIZE OF BUSINESS

:

Giant

 

 

FINANCE

 

 

MAIN DEALING BANKS

:

Finansbank Marmara Kurumlar Branch

HSBC Bank Genel Mudurluk Branch

T. Halk Bankasi Anadolu Kurumsal Branch

T. Is Bankasi Kozyatagi Kurumsal Branch

Turk Ekonomi Bankasi Kozyatagi Kurumsal Branch

Yapi Kredi Bankasi Anadolu Yakasi Branch

 

CREDIT FACILITIES

:

The subject company is making active use of credit facilities.

 

 

PAYMENT BEHAVIOUR

:

No payment delays have come to our knowledge.

 

 

KEY FINANCIAL ELEMENTS

:

 

(2009) TL

(2010) TL

(2011) TL

(2012) TL

(01.01-30.06.2013) TL

Net Sales

817.123.905

812.473.113

1.108.421.059

1.239.839.126

664.889.923

Profit (Loss) Before Tax

112.823.281

22.911.027

-2.753.839

101.121.653

28.424.000

Stockholders' Equity

448.194.884

472.357.931

469.546.679

550.846.759

581.690.612

Total Assets

688.675.056

879.605.683

1.264.781.353

1.438.000.195

1.668.903.800

Current Assets

330.462.383

376.824.266

638.447.081

773.181.452

954.744.409

Non-Current Assets

358.212.673

502.781.417

626.334.272

664.818.743

714.159.391

Current Liabilities

164.247.149

116.496.715

426.246.170

261.132.775

202.426.715

Long-Term Liabilities

76.233.023

290.751.037

368.988.504

626.020.661

884.786.473

Gross Profit (loss)

296.493.200

255.428.221

313.749.651

362.970.768

219.035.205

Operating Profit (loss)

145.298.865

41.531.729

82.655.204

122.164.996

76.394.422

Net Profit (loss)

94.649.001

17.806.249

-2.811.253

81.300.080

28.424.000

 

 

 

COMMENT ON FINANCIAL POSITION

 

Capitalization

Fair As of 30.06.2013

Liquidity

Satisfactory As of 30.06.2013

Remarks On Liquidity

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

 

The liquid assets consist mainly of receivables the amount of cash&banks or marketable securities (which are more liquid) are low.

 

Profitability

High Operating Profitability  in 2009

High Net Profitability  in 2009

In Order Operating Profitability  in 2010

Fair Net Profitability  in 2010

Good Operating Profitability  in 2011

Net Loss  in 2011

High Operating Profitability  in 2012

High Net Profitability  in 2012

High Operating Profitability (01.01-30.06.2013)

In Order Net Profitability (01.01-30.06.2013)

 

Gap between average collection and payable periods

Unfavorable in 01.01-30.06.2013

General Financial Position

Fair

 

 

Incr. in producers’ price index

 

Average USD/TL

Average EUR/TL

Average GBP/ TL

 ( 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

 ( 01.01-30.06.2010)

4,93 %

1,5268

2,0325

2,3444

 ( 2010 )

8,87 %

1,5128

2,0096

2,3410

 ( 2011 )

13,33 %

1,6797

2,3378

2,6863

 ( 01.01-30.09.2012)

3,34 %

1,8029

2,3233

2,8527

 ( 2012 )

2,45 %

1,7995

2,3265

2,8593

 ( 01.01-30.06.2013)

2,46 %

1,8251

2,3936

2,8262

 ( 01.01-30.11.2013)

5,80 %

1,8999

2,5208

2,9748

 

BALANCE SHEETS

 

 

 

 ( 31.12.2009 )  TL

 

 ( 31.12.2010 )  TL

 

 ( 31.12.2011 )  TL

 

 ( 31.12.2012 )  TL

 

 ( 30.06.2013 )  TL

 

CURRENT ASSETS

330.462.383

0,48

376.824.266

0,43

638.447.081

0,50

773.181.452

0,54

954.744.409

0,57

Not Detailed Current Assets

0

0,00

0

0,00

0

0,00

0

0,00

0

0,00

Cash and Banks

50.354.131

0,07

43.534.668

0,05

26.480.366

0,02

15.369.881

0,01

15.932.451

0,01

Marketable Securities

0

0,00

0

0,00

0

0,00

0

0,00

0

0,00

Account Receivable

157.146.527

0,23

180.957.664

0,21

404.067.636

0,32

546.316.895

0,38

692.160.824

0,41

Other Receivable

17.415.181

0,03

972.005

0,00

960.915

0,00

2.722.405

0,00

2.305.520

0,00

Inventories

82.728.122

0,12

100.026.295

0,11

151.310.408

0,12

164.856.646

0,11

180.891.297

0,11

Advances Given

21.025.004

0,03

39.742.272

0,05

28.076.862

0,02

29.512.166

0,02

44.053.928

0,03

Accumulated Construction Expense

0

0,00

0

0,00

0

0,00

0

0,00

0

0,00

Other Current Assets

1.793.418

0,00

11.591.362

0,01

27.550.894

0,02

14.403.459

0,01

19.400.389

0,01

NON-CURRENT ASSETS

358.212.673

0,52

502.781.417

0,57

626.334.272

0,50

664.818.743

0,46

714.159.391

0,43

Not Detailed Non-Current Assets

0

0,00

0

0,00

0

0,00

0

0,00

0

0,00

Long-term Receivable

44.898.077

0,07

54.593.578

0,06

114.357.586

0,09

117.103.660

0,08

157.436.928

0,09

Financial Assets

63.309.213

0,09

125.227.196

0,14

126.892.955

0,10

175.626.662

0,12

175.613.177

0,11

Tangible Fixed Assets (net)

236.229.283

0,34

311.226.402

0,35

370.177.778

0,29

361.377.516

0,25

373.229.167

0,22

Intangible Assets

12.791.852

0,02

10.823.799

0,01

13.545.515

0,01

6.407.248

0,00

5.111.504

0,00

Deferred Tax Assets

0

0,00

0

0,00

0

0,00

0

0,00

0

0,00

Other Non-Current Assets

984.248

0,00

910.442

0,00

1.360.438

0,00

4.303.657

0,00

2.768.615

0,00

TOTAL ASSETS

688.675.056

1,00

879.605.683

1,00

1.264.781.353

1,00

1.438.000.195

1,00

1.668.903.800

1,00

CURRENT LIABILITIES

164.247.149

0,24

116.496.715

0,13

426.246.170

0,34

261.132.775

0,18

202.426.715

0,12

Not Detailed Current Liabilities

0

0,00

0

0,00

0

0,00

0

0,00

0

0,00

Financial Loans

125.887.313

0,18

72.761.208

0,08

347.725.109

0,27

169.605.634

0,12

100.313.371

0,06

Accounts Payable

20.893.576

0,03

16.017.361

0,02

39.186.150

0,03

69.676.467

0,05

73.976.297

0,04

Loans from Shareholders

55.721

0,00

504.932

0,00

795.787

0,00

295.787

0,00

0

0,00

Other Short-term Payable

1.387.087

0,00

1.479.758

0,00

1.951.516

0,00

8.622

0,00

3.041.211

0,00

Advances from Customers

0

0,00

0

0,00

0

0,00

0

0,00

66.649

0,00

Accumulated Construction Income

0

0,00

0

0,00

0

0,00

0

0,00

0

0,00

Taxes Payable

6.110.591

0,01

2.208.352

0,00

4.107.878

0,00

3.363.096

0,00

5.421.647

0,00

Provisions

8.629.046

0,01

22.005.161

0,03

29.116.406

0,02

11.823.049

0,01

16.234.156

0,01

Other Current Liabilities

1.283.815

0,00

1.519.943

0,00

3.363.324

0,00

6.360.120

0,00

3.373.384

0,00

LONG-TERM LIABILITIES

76.233.023

0,11

290.751.037

0,33

368.988.504

0,29

626.020.661

0,44

884.786.473

0,53

Not Detailed Long-term Liabilities

0

0,00

0

0,00

0

0,00

0

0,00

0

0,00

Financial Loans

76.233.023

0,11

290.751.037

0,33

368.988.504

0,29

626.020.661

0,44

884.786.473

0,53

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

448.194.884

0,65

472.357.931

0,54

469.546.679

0,37

550.846.759

0,38

581.690.612

0,35

Not Detailed Stockholders' Equity

0

0,00

0

0,00

0

0,00

0

0,00

0

0,00

Paid-in Capital

145.167.908

0,21

240.000.000

0,27

240.000.000

0,19

240.000.000

0,17

240.000.000

0,14

Cross Shareholding Adjustment of Capital

0

0,00

0

0,00

0

0,00

0

0,00

0

0,00

Inflation Adjustment of Capital

9.199.064

0,01

9.199.064

0,01

9.199.064

0,01

9.199.064

0,01

9.199.064

0,01

Equity of Consolidated Firms

0

0,00

0

0,00

0

0,00

0

0,00

0

0,00

Reserves

155.991.736

0,23

250.640.736

0,28

268.446.986

0,21

268.446.986

0,19

352.166.919

0,21

Revaluation Fund

88.475.293

0,13

0

0,00

0

0,00

0

0,00

0

0,00

Accumulated Losses(-)

-45.288.118

-0,07

-45.288.118

-0,05

-45.288.118

-0,04

-48.099.371

-0,03

-48.099.371

-0,03

Net Profit (loss)

94.649.001

0,14

17.806.249

0,02

-2.811.253

0,00

81.300.080

0,06

28.424.000

0,02

TOTAL LIABILITIES AND EQUITY

688.675.056

1,00

879.605.683

1,00

1.264.781.353

1,00

1.438.000.195

1,00

1.668.903.800

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

 

 

(2009) TL

 

(2010) TL

 

(2011) TL

 

(2012) TL

 

(01.01-30.06.2013) TL

 

Net Sales

817.123.905

1,00

812.473.113

1,00

1.108.421.059

1,00

1.239.839.126

1,00

664.889.923

1,00

Cost of Goods Sold

520.630.705

0,64

557.044.892

0,69

794.671.408

0,72

876.868.358

0,71

445.854.718

0,67

Gross Profit

296.493.200

0,36

255.428.221

0,31

313.749.651

0,28

362.970.768

0,29

219.035.205

0,33

Operating Expenses

151.194.335

0,19

213.896.492

0,26

231.094.447

0,21

240.805.772

0,19

142.640.783

0,21

Operating Profit

145.298.865

0,18

41.531.729

0,05

82.655.204

0,07

122.164.996

0,10

76.394.422

0,11

Other Income

21.496.038

0,03

32.749.387

0,04

88.881.711

0,08

157.366.335

0,13

70.063.901

0,11

Other Expenses

24.009.910

0,03

27.458.226

0,03

22.746.466

0,02

88.224.532

0,07

17.716.529

0,03

Financial Expenses

29.961.712

0,04

23.911.863

0,03

151.544.288

0,14

90.185.146

0,07

100.317.794

0,15

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

112.823.281

0,14

22.911.027

0,03

-2.753.839

0,00

101.121.653

0,08

28.424.000

0,04

Tax Payable

18.174.280

0,02

5.104.778

0,01

57.414

0,00

19.821.573

0,02

0

0,00

Postponed Tax Gain

0

0,00

0

0,00

0

0,00

0

0,00

0

0,00

Net Profit (loss)

94.649.001

0,12

17.806.249

0,02

-2.811.253

0,00

81.300.080

0,07

28.424.000

0,04

 

 

FINANCIAL RATIOS

 

 

(2009)

(2010)

(2011)

(2012)

(01.01-30.06.2013)

LIQUIDITY RATIOS

 

Current Ratio

2,01

3,23

1,50

2,96

4,72

Acid-Test Ratio

1,37

1,94

1,01

2,16

3,51

Cash Ratio

0,31

0,37

0,06

0,06

0,08

ASSET STRUCTURE RATIOS

 

Inventory/Total Assets

0,12

0,11

0,12

0,11

0,11

Short-term Receivable/Total Assets

0,25

0,21

0,32

0,38

0,42

Tangible Assets/Total Assets

0,34

0,35

0,29

0,25

0,22

TURNOVER RATIOS

 

Inventory Turnover

6,29

5,57

5,25

5,32

2,46

Stockholders' Equity Turnover

1,82

1,72

2,36

2,25

1,14

Asset Turnover

1,19

0,92

0,88

0,86

0,40

FINANCIAL STRUCTURE

 

Stockholders' Equity/Total Assets

0,65

0,54

0,37

0,38

0,35

Current Liabilities/Total Assets

0,24

0,13

0,34

0,18

0,12

Financial Leverage

0,35

0,46

0,63

0,62

0,65

Gearing Percentage

0,54

0,86

1,69

1,61

1,87

PROFITABILITY RATIOS

 

Net Profit/Stockholders' Eq.

0,21

0,04

-0,01

0,15

0,05

Operating Profit Margin

0,18

0,05

0,07

0,10

0,11

Net Profit Margin

0,12

0,02

0,00

0,07

0,04

Interest Cover

4,77

1,96

0,98

2,12

1,28

COLLECTION-PAYMENT

 

Average Collection Period (days)

89,01

104,37

168,38

192,63

460,01

Average Payable Period (days)

14,45

10,35

17,75

28,61

59,73

WORKING CAPITAL

166215234,00

260327551,00

212200911,00

512048677,00

752317694,00

 

 

FOREIGN EXCHANGE RATES

 

Currency
Unit

Indian Rupees

US Dollar

1

Rs.61.33

UK Pound

1

Rs.100.79

Euro

1

Rs.84.38

 

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.