MIRA
INFORM REPORT
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Report Date : |
30.12.2013 |
IDENTIFICATION DETAILS
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Name : |
SUPLICA B.V. |
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Registered Office : |
Binnen Parallelweg 27, 5701PH |
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Country : |
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Financials (as on) : |
31.12.2012 |
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Date of Incorporation : |
01.04.1989 |
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Com. Reg. No.: |
17072970 |
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Legal Form : |
Private Company |
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Line of Business : |
The purchase and
sale, import and export of dyes, raw materials, processing aids and related
products serving the manufacturing or processing of textile products |
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No. of Employees : |
9 |
RATING & COMMENTS
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MIRA’s Rating : |
Ba |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
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Status : |
Satisfactory |
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Payment Behaviour : |
No complaints |
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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 30, 2013
|
Country Name |
Previous Rating (30.06.2013) |
Current Rating (30.09.2013) |
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Netherlands |
A1 |
A1 |
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Risk Category |
ECGC
Classification |
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Insignificant |
A1 |
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Low |
A2 |
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Moderate |
B1 |
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High |
B2 |
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Very High |
C1 |
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Restricted |
C2 |
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Off-credit |
D |
NETHERLANDS - ECONOMIC OVERVIEW
The Dutch economy is the sixth-largest economy in the euro-zone and is noted for its stable industrial relations, moderate unemployment and inflation, a sizable trade surplus, and an important role as a European transportation hub. Industrial activity is predominantly in food processing, chemicals, petroleum refining, and electrical machinery. A highly mechanized agricultural sector employs only 2% of the labor force but provides large surpluses for the food-processing industry and for exports. The Netherlands, along with 11 of its EU partners, began circulating the euro currency on 1 January 2002. After 26 years of uninterrupted economic growth, the Dutch economy - highly dependent on an international financial sector and international trade - contracted by 3.5% in 2009 as a result of the global financial crisis. The Dutch financial sector suffered, due in part to the high exposure of some Dutch banks to U.S. mortgage-backed securities. In 2008, the government nationalized two banks and injected billions of dollars of capital into other financial institutions, to prevent further deterioration of a crucial sector. The government also sought to boost the domestic economy by accelerating infrastructure programs, offering corporate tax breaks for employers to retain workers, and expanding export credit facilities. The stimulus programs and bank bailouts, however, resulted in a government budget deficit of 5.3% of GDP in 2010 that contrasted sharply with a surplus of 0.7% in 2008. The government of Prime Minister Mark RUTTE began implementing fiscal consolidation measures in early 2011, mainly reductions in expenditures, which resulted in an improved budget deficit in 2011. In 2012 tax revenues dropped nearly 9%, GDP contracted, and the budget deficit deteriorated. Although jobless claims continued to grow, the unemployment rate remained relatively low at 6.8 percent.
|
Source
: CIA |
Summary
Company name SUPLICA B.V.
Operative address Binnen Parallelweg
27
5701PH Helmond
Netherlands
Legal form Private Company
Registration number KvK-nummer:
17072970
VAT-number 007390749
Year 2012
Mutation 2011 Mutation 2010
Fixed assets 121.668.000
6,51 114.233.000
7,27 106.491.000
Total receivables 14.436.000 -9,22 15.902.000
49,57 10.632.000
Total equity 41.812.000
31,00 31.918.000 35,75 23.513.000
Short term liabilities 59.432.000
-14,43 69.454.000 61,40
43.031.000
Net result
14.222.000 53,54 9.263.000 528,05 -2.164.000
Working capital 35.220.000
90,41 18.497.000 -6,60 19.805.000
Quick ratio 0,52 15,56
0,45
-38,36 0,73
Contact information
Company name Suplica B.V.
Trade names Suplica B.V.
Operative address Binnen Parallelweg
27
5701PH Helmond
Netherlands
Correspondence address Postbus 980
5700AZ Helmond
Netherlands
Telephone number 0492570933
Registration
Registration number KvK-nummer:
17072970
Registered in Kamer van
Koophandel Brabant
Branch number 000018738834
VAT-number 007390749
Status Active
Memorandum 1985-12-31
Establishment date 1989-04-01
Legal form Private Company
Last proposed admendment 2009-07-07
Activities
SBI Agents involved in
the sale of fuels (4612)
Wholesale of
clothing textiles and haberdashery (46411)
Exporter No
Importer No
Goal The purchase and sale, import and export of
dyes, raw materials, processing aids and related products serving the
manufacturing or processing of textile products
Relations
Shareholders Vlisco
B.V.
Binnen Parallelweg
27
5701PH HELMOND
Netherlands
Registration
number: 170001850000
Percentage:
100.00%
Companies on same address Borma
Chemical Products Trading Company B.V.
Registration
number: 170301510000
Vlisco B.V.
Registration
number: 170001850000
Stichting for
Technical Education in Ghana
Registration
number: 171829730000
African Fabrics
ManCo B.V.
Registration
number: 273335400000
African Fabrics
B.V.
Registration
number: 506314970000
African Fabrics
Finco B.V.
Registration
number: 506313220000
African Fabrics
Holdings B.V.
Registration
number: 506314540000
Vlisco Netherlands
B.V.
Registration
number: 507514920000
African Fabrics
ManCo Holding B.V.
Registration
number: 564700100000
Stichting
Administratiekantoor African Fabrics
Registration
number: 563336840000
Liability statements African
Fabrics Holdings B.V.
Binnen Parallelweg
27
5701PH HELMOND
Netherlands
Registration
number: 506314540000
date of issue:
2011-08-03
Starting date:
2010-09-07
Management
Active management African
Fabrics B.V.
Binnen Parallelweg
27
5701PH HELMOND
Netherlands
Registration
number: 506314970000
Competence: Fully authorized
Function: Manager
Starting date:
2010-09-07
P.F. Fransen
(Petrus Franciscus)
Netherlands
Competence:
Limited authorization
Function: Proxy
Starting date:
1995-01-01
Date of birth:
1962-07-21, Deurne, NL
Involved with the
following companies
• Vlisco
Netherlands B.V.
Binnen Parallelweg
27
5701PH Helmond
Netherlands
Registration number: 507514920000
Function: Proxy
• Gamma Onroerend Goed (Helmond) B.V.
Laan van Diepenvoorde 3
5582LA WAALRE
Netherlands
Registration number: 171272120000
Function: Proxy
W.M.H. Dams (Wijnandus Maria Henricus)
Netherlands
Competence: Limited authorization
Function: Proxy
Starting date: 2003-07-17
Date of birth: 1951-10-07, Helmond, NL
Involved with the following companies
• Gamma Onroerend Goed (Helmond) B.V.
Laan van Diepenvoorde 3
5582LA WAALRE
Netherlands
Registration number: 171272120000
Function: Proxy
M. Reijntjes (Mickel)
Netherlands
Competence: Limited authorization
Function: Proxy
Starting date: 2003-07-17
Date of birth: 1970-05-10, Tegelen, NL
Involved with the following companies
• Vlisco Netherlands B.V.
Binnen Parallelweg 27
5701PH Helmond
Netherlands
Registration number: 507514920000
Function: Proxy
• Gamma Onroerend Goed (Helmond) B.V.
Laan van Diepenvoorde 3
5582LA WAALRE
Netherlands
Registration number: 171272120000
Function: Proxy
M.J. Ludowika (Maria Jacqueline)
Netherlands
Competence: Limited authorization
Function: Proxy
Starting date: 2008-02-01
Date of birth: 1984-12-26, Curaçao, AN
Involved with the following companies
• Vlisco Netherlands B.V.
Binnen Parallelweg 27
5701PH Helmond
Netherlands
Registration number: 507514920000
Function: Proxy
P.M.C. van den Boomen (Petronella Maria
Cornelia)
Netherlands
Competence: Limited authorization
Function: Proxy
Starting date: 2003-07-17
Date of birth: 1963-05-18, Helmond, NL
Involved with the following companies
• Vlisco Netherlands B.V.
Binnen Parallelweg 27
5701PH Helmond
Netherlands
Registration number: 507514920000
Function: Proxy
P.J. Geevers (Paul Jan)
Netherlands
Competence: Limited authorization
Function: Proxy
Starting date: 2012-01-01
Date of birth: 1982-05-03, Valkenswaard, NL
Involved with the
following companies
• Vlisco Netherlands B.V.
Binnen Parallelweg 27
5701PH Helmond
Netherlands
Registration number: 507514920000
Function: Proxy
T.R. van Beek (Tamara Rosalinda)
Netherlands
Competence: Limited authorization
Function: Proxy
Starting date: 2009-10-01
Date of birth: 1981-05-04, Beuningen, NL
Involved with the following companies
• Vlisco Netherlands B.V.
Binnen Parallelweg 27
5701PH Helmond
Netherlands
Registration number: 507514920000
Function: Proxy
J.A.M. Ouwendijk (Johannes Andreas Maria)
Netherlands
Competence: Fully authorized
Function: Proxy
Starting date: 2011-02-07
Date of birth: 1953-12-31, Delft, NL
Involved with the following companies
• Vlisco Netherlands B.V.
Binnen Parallelweg 27
5701PH Helmond
Netherlands
Registration number: 507514920000
Function: Proxy
F.S. Coyne (Fiona Susan)
Netherlands
Competence: Limited authorization
Function: Proxy
Starting date: 2011-02-07
Date of birth: 1969-08-24, Morvern, GB
Involved with the following companies
• Vlisco Netherlands B.V.
Binnen Parallelweg 27
5701PH Helmond
Netherlands
Registration number: 507514920000
Function: Proxy
A. Miranda da Cunha (Augusto)
Netherlands
Competence: Limited authorization
Function: Proxy
Starting date: 2011-12-01
Date of birth: 1970-04-24, Onbekend
M.L. Lau (Meei Ling)
Netherlands
Competence: Limited authorization
Function: Proxy
Starting date: 2012-01-01
Date of birth: 1980-07-11, Geldrop, NL
M.R. Damen (Maria Regina)
Netherlands
Competence: Limited authorization
Function: Proxy
Starting date:
2012-01-01
Date of birth:
1959-04-23, Amsterdam, NL
M.M.E. Op het Veld (Mandy Maria Elisabeth)
Netherlands
Competence: Limited authorization
Function: Proxy
Starting date: 2012-03-01
Date of birth: 1985-10-26, Sittard, NL
W.E.A. van Seggelen - van Leeuwen
(Wilhelmina Elisabeth Adriana)
Netherlands
Competence: Limited authorization
Function: Proxy
Starting date: 2012-03-01
Date of birth: 1967-11-03, Budel, NL
A.M. Knapen (Allegonda Maria)
Netherlands
Competence: Limited authorization
Function: Proxy
Starting date: 2012-06-01
Date of birth: 1965-10-05, Mierlo, NL
J.J.W. Kruithof (Jan Jacobus Willem)
Netherlands
Competence: Limited authorization
Function: Proxy
Starting date: 2013-09-23
Date of birth: 1957-12-25, Rheden, NL
Employees
Total according to the Chamber of Commerce 9
Year 2013
Total 9
Payments
Score 7,6
Description Payments made
under regular condition
Key figures
Year 2012
2011 2010
Quick ratio 0,52
0,45 0,73
Current ratio 1,59
1,27 1,46
Working capital/ balance total
0,16 0,09 0,12
Equity / balance total
0,19 0,16 0,14
Equity / Fixed assets 0,34
0,28 0,22
Equity / liabilities 0,24
0,19 0,16
Balance total / liabilities 1,25
1,20 1,17
Working capital 35.220.000 18.497.000 19.805.000
Equity 41.812.000
31.918.000 23.513.000
Mutation equity 31,00
35,75
Mutation short term liabilities
-14,43 61,40
Return on total assets (ROA) 9,54 7,66
-0,72
Return on equity (ROE) 49,35
48,55 -5,16
Gross profit margin 11,45
10,11 1,15
Net profit margin 5,33
4,12 -3,30
Average collection ratio 4,49
3,24 1,53
Average payment ratio 18,50
14,15 6,18
Equity turnover ratio 6,39
7,05 2,79
Total assets turnover ratio 1,23
1,11 0,39
Fixed assets turnover ratio 2,19
1,97 0,62
Inventory conversion ratio 4,20
3,95 2,09
Turnover 267.051.000
224.935.000 65.655.000
Operating result 30.570.000 22.747.000 757.000
Net result after taxes 14.222.000
9.263.000 -2.164.000
Gross profit 277.911.000
EBIT 30.570.000
22.747.000 757.000
Summary
The 2012 financial
result structure is a postive working captial of 35.220.000 euro, which is in
agreement with 16 % of the total assets of the company. The working capital has
increased with 90.41 % compared to previous year. The ratio, with respect to
the total assets of the company has however, increased. The improvement between
2011 and 2012 has mainly been caused by an increase of the current assets.
The current ratio
of the company in 2012 was 1.59. A company with a current ratio between 1.5 and
3.0 generally indicates good short-term financial strength. The quick ratio in
2012 of the company was 0.52. A company with a Quick Ratio of less than 1
cannot currently pay back its current liabilities. The 2011 financial result
structure is a postive working captial of 18.497.000 euro, which is in
agreement with 9 % of the total assets of the company. The working capital has
diminished with -6.6 % compared to previous year. The ratio, with respect to
the total assets of the company has however, declined. The deterioration
between 2010 and 2011 has mainly been
aused by an increase of the current liabilities.
The current ratio
of the company in 2011 was 1.27. When the current ratio is below 1.5, the
company may have problems meeting its short-term obligations. The quick ratio
in 2011 of the company was 0.45. A company with a Quick Ratio of less than 1
cannot currently pay back its current liabilities.
Financial statement
Type of annual account Consolidated
Annual account African
Fabrics Holdings B.V.
Binnen Parallelweg
27
5701PH HELMOND
Netherlands
Registration number: 506314540000
Balance
Year 2012 2011 2010
End date 2012-12-31 2011-12-31 2010-12-31
Intangible fixed assets 75.447.000 77.573.000 83.428.000
Tangible fixed assets 42.743.000 34.468.000 22.634.000
Financial fixed assets 3.478.000 2.192.000 429.000
Fixed assets 121.668.000 114.233.000 106.491.000
Inventories 63.620.000 56.899.000 31.407.000
Accounts receivable 4.847.000 4.350.000 2.224.000
Other receivables 9.589.000 11.552.000 8.408.000
Total receivables 14.436.000 15.902.000 10.632.000
Liquid funds 16.596.000 15.150.000 20.797.000
Current assets 94.652.000 87.951.000 62.836.000
Total assets 216.320.000 202.184.000 169.327.000
Year 2012
2011 2010
End date 2012-12-31 2011-12-31 2010-12-31
Minority interests 1.918.000 1.403.000 1.448.000
Total equity 41.812.000
31.918.000 23.513.000
Provisions 17.230.000 17.861.000 12.983.000
Long term liabilities 95.928.000
81.548.000 88.352.000
Accounts payable 15.696.000 17.632.000 8.907.000
Other short term liabilities 43.736.000 51.822.000 34.124.000
Short term liabilities 59.432.000
69.454.000 43.031.000
Total short and long
term liabilities
172.590.000 168.863.000 144.366.000
Total liabilities 216.320.000
202.184.000 169.327.000
Summary
The total assets
of the company increased with 6.99 % between 2011 and 2012. The fixed asset
growth of 6.51 % is lower than the total asset growth. The asset growth has
mainly been financed by a Net Worth increase of 31 %. Debt, however, grew with
2.21 %.
In 2012 the assets
of the company were 56.24 % composed of fixed assets and 43.76 % by current
assets. The assets are being financed by an equity of 19.33 %, and total debt of
80.67 %.
The total assets
of the company increased with 19.4 % between 2010 and 2011. The fixed asset
growth of 7.27 % is lower than the total asset growth. The asset growth has
mainly been financed by a Net Worth increase of 35.75 %. Debt, however, grew
with 16.97 %. In 2011 the assets of the company were 56.5 % composed of fixed
assets and 43.5 % by current assets. The assets are being financed by an equity
of 15.79 %, and total debt of
84.21 %.
Profit and loss
Year 2012
2011 2010
Revenues 282.255.000 238.214.000 66.091.000
Other operating income 4.344.000 13.279.000 436.000
Net turnover 267.051.000
224.935.000 65.655.000
Operating expenses 251.685.000 215.467.000 65.334.000
Operating result 30.570.000 22.747.000 757.000
Financial income 114.000 70.000
Financial expenses 9.937.000 7.364.000 2.041.000
Financial result -9.937.000 -7.250.000 -1.971.000
Result on ordinary operations before taxes 20.633.000 15.497.000 -1.214.000
Taxation on the result of ordinary activities 6.411.000 6.182.000 944.000
Result of ordinary activities after taxes 14.222.000 9.315.000 -2.158.000
Extraordinary expense 52.000 6.000
Extraordinary result after taxation -52.000 -6.000
Net result 14.222.000
9.263.000 -2.164.000
Summary
The turnover of
the company grew with 18.72 % between 2011 and 2012. The operating result of
the company grew with 34.39 % between 2011 and 2012. This evolution implies an
increase of the company's economic profitability. The result of these changes
is an increase of the company's Economic Profitability of 24.54
% of the analysed
period, being equal to 2011 % in the year 2012. This growth has contributed to
the increase in assets turnover, increasing by 10.81 % reaching 1.23.
The Net Result of
the company decreased by 53.54 % between 2011 and 2012. The company's Financial
Profitability has been negatively affected by the financial activities in
comparison to the EBITs behaviour. The result of these variations is a
profitability reduction of 1.65 % of the analysed period, being 49.35 % in the
year 2012. The company's financial structure has slowed down its financial
profitability.
The turnover of
the company grew with 242.6 % between 2010 and 2011. The operating result of
the company grew with 2904.89 % between 2010 and 2011. This evolution implies
an increase of the company's economic profitability. The result of these
changes is an increase of the company's Economic Profitability of 1163.89 % of
the analysed period, being equal to 2010 % in the year 2011. This growth has
contributed to the increase in assets turnover, increasing by 184.62 % reaching
1.11.
The Net Result of
the company decreased by 528.05 % between 2010 and 2011. The company's
Financial Profitability has been positively affected by the financial
activities in comparison to the EBITs behaviour. The result of these variations
is a profitability increase of 1040.89 % of the analysed period, being 48.55 %
in the year 2011. The company's financial structure has slowed down its
financial profitability.
Analysis
Branch (SBI) Groothandel en
Wholesale on a fee or contract basis (niet in auto’s en motorfietsen) (46)
Region Zuid-Oost-Brabant
In the Netherlands 107516 of the companies
are registered with the SBI code 46
In the region Zuid-Oost-Brabant 4929 of the
companies are registered with the SBI code 46
In the Netherlands 2108 of the bankrupcties
are published within this sector
In the region Zuid-Oost-Brabant 109 of the
bankruptcies are published within this sector
The risk of this specific sector in the
Netherlands is normal
The risk of this specific sector in the
region Zuid-Oost-Brabant is normal
Publications
Consent statements
09-07-2013: Voor
boekjaar 2012 is een instemmingsverklaring gedeponeerd.
18-12-2012: Voor boekjaar 2011 is een instemmingsverklaring gedeponeerd.
03-08-2011: Voor boekjaar 2010 is een instemmingsverklaring gedeponeerd.
10-05-2010: Voor boekjaar 2009 is een instemmingsverklaring gedeponeerd.
Liability statements 03-08-2011: Per
21-09-2010 is een aansprakelijkheidsverklaring door Gamma Holding N.V.
ingetrokken.
03-08-2011: Per 03-08-2011 is een aansprakelijkheidsverklaring door
African Fabrics Holdings B.V. gedeponeerd.
22-09-2010: Per 21-09-2010 is een aansprakelijkheidsverklaring door
Gamma Holding N.V. ingetrokken.
Functions 26-09-2013: Per
23-09-2013 is gevolmachtigde Jan Jacobus Willem Kruithof in functie getreden.
29-10-2012: Per 01-10-2012 is gevolmachtigde Kareline Huberta Wilhelmina
Dekkers uit functie getreden.
13-07-2012: Per 01-01-2012 is gevolmachtigde Maria Regina Damen in
functie getreden.
13-07-2012: Per 01-01-2012 is gevolmachtigde Meei Ling Lau in functie
getreden.
05-07-2012: Per 01-01-2012 is gevolmachtigde
Paul Jan Geevers in functie getreden.
05-07-2012: Per 01-06-2012 is gevolmachtigde Allegonda Maria Knapen in
functie getreden.
05-07-2012: Per 01-06-2012 is gevolmachtigde Adrianus Theodorus Maria
Klaasen uit functie getreden.
04-04-2012: Per 01-03-2012 is gevolmachtigde Wilhelmina Elisabeth
Adriana van Seggelenvan Leeuwen in functie getreden.
04-04-2012: Per 01-03-2012 is gevolmachtigde Mandy Maria Elisabeth Op
het Veld in functie getreden.
03-03-2011: Per 07-02-2011 is gevolmachtigde Johannes Andreas Maria
Ouwendijk in functie getreden.
03-03-2011: Per 07-02-2011 is gevolmachtigde Fiona Susan Coyne in
functie getreden.
09-12-2010: Per 04-09-2010 is gevolmachtigde Michaël Christianus Marie
Dams uit functie getreden.
20-09-2010: Per 07-09-2010 is bestuurder 50631497 African Fabrics B.V.
in functie getreden.
17-09-2010: Per 07-09-2010 is bestuurder
Johannes van der Meij uit functie getreden.
Company structure
Relations 7
African Fabrics Finco B.V.
Binnen Parallelweg 27
5701PH HELMOND
Netherlands
Registration number: 506313220000
• African Fabrics Holdings B.V.
Binnen Parallelweg 27
5701PH HELMOND
Netherlands
Registration number: 506314540000
• African Fabrics B.V.
Binnen Parallelweg 27
5701PH HELMOND
Netherlands
Registration number: 506314970000
• Vlisco B.V.
Binnen Parallelweg 27
5701PH HELMOND
Netherlands
Registration number: 170001850000
• Suplica B.V.
Binnen Parallelweg 27
5701PH Helmond
Netherlands
Registration number: 170729700000
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.62.06 |
|
|
1 |
Rs.102.03 |
|
Euro |
1 |
Rs.85.27 |
INFORMATION DETAILS
|
Report Prepared
by : |
NNA |
RATING EXPLANATIONS
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
>86 |
Aaa |
Possesses an extremely sound financial base with the strongest
capability for timely payment of interest and principal sums |
Unlimited |
|
71-85 |
Aa |
Possesses adequate working capital. No caution needed for credit transaction.
It has above average (strong) capability for payment of interest and
principal sums |
Large |
|
56-70 |
A |
Financial & operational base are regarded healthy. General unfavourable
factors will not cause fatal effect. Satisfactory capability for payment of
interest and principal sums |
Fairly Large |
|
41-55 |
Ba |
Overall
operation is considered normal. Capable to meet normal commitments. |
Satisfactory |
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
|
11-25 |
Ca |
Adverse factors are apparent. Repayment of interest and principal sums
in default or expected to be in default upon maturity |
Limited with full
security |
|
<10 |
C |
Absolute credit risk exists. Caution needed to be exercised |
Credit not
recommended |
|
---- |
NB |
New Business |
---- |
This score serves as a reference to assess SC’s credit risk and
to set the amount of credit to be extended. It is calculated from a composite
of weighted scores obtained from each of the major sections of this report. The
assessed factors and their relative weights (as indicated through %) are as
follows:
Financial
condition (40%) Ownership
background (20%) Payment
record (10%)
Credit history
(10%) Market trend
(10%) Operational
size (10%)
This report is issued at your request without any
risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL)
or its officials.