|
Report Date : |
18.02.2013 |
IDENTIFICATION DETAILS
|
Name : |
CAMERON ROMANIA SA |
|
|
|
|
Registered Office : |
Str. B. P. Hasdeu nr. 1, Campina, 105600, Jud. Prahova |
|
|
|
|
Country : |
Romania |
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|
|
|
Financials (as on) : |
30.06.2012 |
|
|
|
|
Date of Incorporation : |
30.04.1991 |
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|
|
Legal Form : |
Private Limited Company |
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Line of Business : |
Manufacture of machinery for mining, quarrying and construction
Cameron is a leading provider of flow equipment products, systems and
services to worldwide oil, gas and process industries. |
|
|
|
|
No. of Employees : |
859 Persons |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Status : |
Satisfactory |
|
Payment Behaviour : |
No Complaints |
|
Litigation : |
Clear |
NOTES :
Any query related to this report can be made
on e-mail: infodept@mirainform.com
while quoting report number, name and date.
ECGC Country Risk Classification List – June 30th, 2012
|
Country Name |
Previous Rating (31.03.2011) |
Current Rating (30.06.2012) |
|
Romani |
B1 |
B1 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
|
Moderate |
B1 |
|
High |
B2 |
|
Very High |
C1 |
|
Restricted |
C2 |
|
Off-credit |
D |
ROMANIA - ECONOMIC OVERVIEW
Romania, which joined the European Union on 1 January 2007,
began the transition from Communism in 1989 with a largely obsolete industrial
base and a pattern of output unsuited to the country's needs. The country
emerged in 2000 from a punishing three-year recession thanks to strong demand
in EU export markets. Domestic consumption and investment fueled strong GDP
growth, but led to large current account imbalances. Romania's macroeconomic
gains have only recently started to spur creation of a middle class and to
address Romania's widespread poverty. Corruption and red tape continue to
permeate its business environment. Inflation rose in 2007-08, driven by strong
consumer demand and high wage growth, rising energy costs, a nation-wide
drought, and a relaxation of fiscal discipline. As a result of the global
financial crisis, Romania's GDP fell more than 7% in 2009, prompting Bucharest
to seek a $26 billion emergency assistance package from the IMF, the EU, and
other international lenders. Drastic austerity measures, as part of Romania's
IMF-led agreement, led to a 1.6% GDP contraction in 2010. The economy returned
to positive growth in 2011 due to a strong export performance, but in a
deflationary environment caused by bountiful crops and weak domestic demand. In
March 2011, Romania and the IMF/EU/World Bank signed a 24-month precautionary
stand-by agreement, worth $6.6 billion, to promote compliance with fiscal
targets, progress on structural reforms, and financial sector stability. The
Romanian authorities have announced that they do not intend to draw funds from
the facility. Growth slowed to less than 1% in 2012.
Source
: CIA
CAMERON ROMANIA SA
Str. B. P. Hasdeu
nr. 1, Campina, 105600, Jud. Prahova
Tel +40 244 530981
/ +40 244 306600/+40 244 337241
Fax +40 244 336553
WEB www.c-a-m.com
|
Legal Form |
Private Limited
Company |
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Foundation |
established on
30.04.1991 as Intreprinderea Mecanica Campina Private Limited Company on 30.04.1991
name changed into PCC STEROM SA-JOINT STOCK on 2005 name
changed into Sterom Sa on 2006 name
changed into Cameron Romania Sa |
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Trade Register |
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Capital |
RON
60,432,500.00 |
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Associates |
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Principals |
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Generalities |
2892 Manufacture
of machinery for mining, quarrying and construction Cameron is a
leading provider of flow equipment products, systems and services to worldwide
oil, gas and process industries. Leveraging its global manufacturing, sales
and service network, Cameron's 11 operating divisions work with drilling
contracto Legal office and working spaces at the above
mentioned address Working Points: - Ploiesti,
Str.Republicii, Nr.224 |
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Real estate |
According to the
Balance Sheet 2011 the company holds real estates with a book value of
125,023,463 RON, but we do not have any other details on the type and
location of these assets. |
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Employees |
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Annual turnover |
|
|
Assets |
Figures in RON
per |
31.12.2010 |
31.12.2011 |
30.06.2012 |
|
|
1.Incorporation
expenses |
0.0 |
0.0 |
N/A |
|
|
2.Development
expenses |
0.0 |
0.0 |
N/A |
|
|
3.Concession
rights, patents, licences, trademarks, similar rights and assets and other
intangible fixed assets |
2,059,118.0 |
1,161,402.0 |
N/A |
|
|
4.Goodwill |
0.0 |
0.0 |
N/A |
|
|
5.Down payments
and intangible fixed assets in progress |
178,925.0 |
178,925.0 |
N/A |
|
|
TOTAL INTANGIBLE
FIXED ASSETS |
2,238,043.0 |
1,340,327.0 |
731,517.0 |
|
|
1.Land and
buildings |
115,505,732.0 |
109,717,099.0 |
N/A |
|
|
2.Technical
installations and machines |
159,246,191.0 |
140,120,088.0 |
N/A |
|
|
3.Other
installations, machinery and furniture |
2,230,477.0 |
1,601,653.0 |
N/A |
|
|
4.Down payments
and tangible fixed assets in progress |
7,453,161.0 |
2,107,951.0 |
N/A |
|
|
TOTAL TANGIBLE
FIXED ASSETS |
284,435,561.0 |
253,546,791.0 |
230,115,267.0 |
|
|
1.Shares in
subsidiaries |
16,000.0 |
16,000.0 |
N/A |
|
|
2.Loans given to
subsidiaries |
0.0 |
0.0 |
N/A |
|
|
3.Participating
interests |
0.0 |
0.0 |
N/A |
|
|
4.Loans given to
associates |
0.0 |
0.0 |
N/A |
|
|
5.Other long
term investments |
0.0 |
0.0 |
N/A |
|
|
6.Other loans |
188,310.0 |
2,804,552.0 |
N/A |
|
|
TOTAL CAPITAL
ASSETS |
204,310.0 |
2,820,552.0 |
522,166.0 |
|
|
NON CURRENT ASSETS
- TOTAL |
286,877,914.0 |
257,707,670.0 |
231,368,950.0 |
|
|
1.Raw materials
and consumables |
97,605,252.0 |
104,725,086.0 |
N/A |
|
|
2.Work in
progress |
23,958,501.0 |
20,044,389.0 |
N/A |
|
|
3.Finished goods
|
5,435,219.0 |
15,276,779.0 |
N/A |
|
|
4.Down payments
on inventory purchases |
1,860,159.0 |
1,771,040.0 |
N/A |
|
|
TOTAL
INVENTORIES |
128,859,131.0 |
141,817,294.0 |
139,935,230.0 |
|
|
1.Trade
receivables |
98,552,389.0 |
147,553,941.0 |
N/A |
|
|
2.Receivables from
subsidiaries |
0.0 |
0.0 |
N/A |
|
|
3.Receivables
from entities in respect of participating interests |
0.0 |
0.0 |
N/A |
|
|
4.Other
receivables |
16,025,532.0 |
11,598,765.0 |
N/A |
|
|
5.Unpaid
subscribed capital |
0.0 |
0.0 |
N/A |
|
|
TOTAL RECEIVABLES
|
174,118,435.0 |
283,538,911.0 |
144,977,765.0 |
|
|
1.Shares in
subsidiaries |
0.0 |
0.0 |
N/A |
|
|
2.Other
short-term investments |
59,540,514.0 |
124,386,205.0 |
N/A |
|
|
TOTAL SHORT-TERM
INVESTMENTS |
59,540,514.0 |
124,386,205.0 |
200,418,229.0 |
|
|
IV. PETTY CASH
AND BANK ACCOUNTS |
1,924,476.0 |
481,291.0 |
470,958.0 |
|
|
CURRENT ASSETS -
TOTAL |
304,902,042.0 |
425,837,496.0 |
485,802,182.0 |
|
|
C. PREPAID
EXPENSES |
908,566.0 |
1,325,370.0 |
2,091,821.0 |
|
|
TOTAL ASSETS |
592,688,522.0 |
684,870,536.0 |
719,262,953.0 |
|
Liabilities |
Figures in RON
per |
31.12.2010 |
31.12.2011 |
30.06.2012 |
|
|
1.Debenture
loans |
0.0 |
0.0 |
N/A |
|
|
2.Amounts
payable to credit entities |
0.0 |
0.0 |
N/A |
|
|
3.Down payments
received on orders in progress |
2,027,655.0 |
8,388,559.0 |
N/A |
|
|
4.Commercial
debts - suppliers |
77,712,958.0 |
93,644,864.0 |
N/A |
|
|
5.Commercial
bills due |
0.0 |
0.0 |
N/A |
|
|
6.Amounts payable
to subsidiaries |
222,545,472.0 |
240,934,913.0 |
N/A |
|
|
7.Amounts
payable to associates in respect of participating interests |
0.0 |
0.0 |
N/A |
|
|
8.Other debts,
including fiscal debts and amounts payable to social security |
12,694,490.0 |
16,501,688.0 |
N/A |
|
|
TOTAL SHORT-TERM
DEBTS |
314,980,575.0 |
359,470,024.0 |
325,550,897.0 |
|
|
E.NET CURRENT
ASSETS/NET CURRENT DEBTS |
-9,169,967.0 |
67,692,842.0 |
N/A |
|
|
F.TOTAL ASSETS
MINUS CURRENT DEBTS |
277,707,947.0 |
325,400,512.0 |
N/A |
|
|
1.Debenture
loans |
0.0 |
0.0 |
N/A |
|
|
2.Amounts
payable to credit entities |
0.0 |
0.0 |
N/A |
|
|
3.Down payments
received on orders in progress |
0.0 |
0.0 |
N/A |
|
|
4.Commercial
debts - suppliers |
0.0 |
0.0 |
N/A |
|
|
5.Commercial
bills due |
0.0 |
0.0 |
N/A |
|
|
6.Amounts
payable to subsidiaries |
8,660,056.0 |
3,956,570.0 |
N/A |
|
|
7.Amounts
payable to associates in respect of participating interests |
0.0 |
0.0 |
N/A |
|
|
8.Other debts, including
fiscal debts and amounts payable to social security |
0.0 |
0.0 |
N/A |
|
|
TOTAL LONG-TERM
DEBTS |
8,660,056.0 |
3,956,570.0 |
3,956,570.0 |
|
|
1.Provisions for
pensions and other similar obligations |
2,064,951.0 |
2,607,574.0 |
N/A |
|
|
2.Provisions for
taxes |
0.0 |
0.0 |
N/A |
|
|
3.Other
provisions |
0.0 |
0.0 |
N/A |
|
|
TOTAL DEBTS |
323,640,631.0 |
363,426,594.0 |
329,507,467.0 |
|
|
TOTAL PROVISIONS
|
2,064,951.0 |
2,607,574.0 |
2,604,951.0 |
|
|
Grants for
investments |
0.0 |
0.0 |
N/A |
|
|
deferred income |
0.0 |
0.0 |
N/A |
|
|
TOTAL DEFERRED
INCOME |
0.0 |
0.0 |
0.0 |
|
|
1.Subscribed and
paid capital |
60,432,500.0 |
60,432,500.0 |
N/A |
|
|
2.Subscribed and
unpaid capital |
0.0 |
0.0 |
N/A |
|
|
3.Assets and liabilities
(public sector companies) |
0.0 |
0.0 |
N/A |
|
|
TOTAL SHARE
CAPITAL |
60,432,500.0 |
60,432,500.0 |
60,432,500.0 |
|
|
II. CAPITAL
PREMIUM |
0.0 |
0.0 |
N/A |
|
|
III. REVALUATION
RESERVES |
36,867,802.0 |
37,081,812.0 |
N/A |
|
|
1.Legal reserves
|
12,086,500.0 |
12,086,500.0 |
N/A |
|
|
2.Statutory or
contractual reserves |
0.0 |
0.0 |
N/A |
|
|
3.Reserves
representing the revaluation reserve surplus |
576,900.0 |
576,900.0 |
N/A |
|
|
4.Other reserves |
87,469,782.0 |
87,469,782.0 |
N/A |
|
|
TOTAL RESERVES |
100,133,182.0 |
100,133,182.0 |
N/A |
|
|
Own shares |
0.0 |
0.0 |
N/A |
|
|
Earnings
associated to own capital instruments |
0.0 |
0.0 |
N/A |
|
|
Losses
associated to own capital instruments |
0.0 |
0.0 |
N/A |
|
|
Reported profit
or loss (e) Balance account C |
0.0 |
69,335,444.0 |
N/A |
|
|
Reported profit
or loss (e) Balance account D |
2,124,888.0 |
0.0 |
N/A |
|
|
Profit or loss
as per the financial year Balance account C |
73,642,158.0 |
51,853,430.0 |
N/A |
|
|
Profit or loss
as per the financial year Balance account D |
0.0 |
0.0 |
N/A |
|
|
Profit
distribution |
1,967,814.0 |
0.0 |
N/A |
|
|
SHAREHOLDERS'
EQUITY - TOTAL |
266,982,940.0 |
318,836,368.0 |
387,150,535.0 |
|
|
Public patrimony |
0.0 |
0.0 |
N/A |
|
|
EQUITY - TOTAL |
266,982,940.0 |
318,836,368.0 |
N/A |
|
|
TOTAL
LIABILITIES |
592,688,522.0 |
684,870,536.0 |
719,262,953.0 |
|
Notes |
Figures in RON
per |
31.12.2010 |
31.12.2011 |
30.06.2012 |
|
|
1. Net turnover |
587,076,827.0 |
677,011,157.0 |
374,427,736.0 |
|
|
Own work sold |
573,978,730.0 |
658,314,187.0 |
374,427,736.0 |
|
|
Income from the
sale of goods |
13,098,097.0 |
18,696,970.0 |
0.0 |
|
|
Income from interests
made by leasing |
0.0 |
0.0 |
0.0 |
|
|
Income from
grants related to income corresponding to net turnover |
0.0 |
0.0 |
0.0 |
|
|
-------Balance
account C |
0.0 |
0.0 |
0.0 |
|
|
Balance account
D |
143,080,471.0 |
216,457,695.0 |
122,384,142.0 |
|
|
3. Production
made by the entity for its own purposes and capitalized |
0.0 |
0.0 |
0.0 |
|
|
4. Other
operating income |
143,238.0 |
79,931.0 |
32,038,823.0 |
|
|
OPERATING INCOME
- TOTAL |
444,139,594.0 |
460,633,393.0 |
284,082,417.0 |
|
|
5. a) Expenses
on raw materials and consumables |
124,324,560.0 |
138,551,825.0 |
63,453,876.0 |
|
|
Other expenses
supplies and materials |
28,269,716.0 |
32,271,844.0 |
17,155,474.0 |
|
|
b) Other
outsourced expenses (electricity and water) |
6,196,166.0 |
7,519,899.0 |
4,168,963.0 |
|
|
c) Expenses on
goods |
10,451,379.0 |
13,925,903.0 |
0.0 |
|
|
6. Expenses on
personnel, of which: |
51,372,550.0 |
57,367,785.0 |
31,218,292.0 |
|
|
a) Salaries and
benefits |
40,405,382.0 |
45,009,361.0 |
24,349,133.0 |
|
|
b) Insurance and
social security costs |
10,967,168.0 |
12,358,424.0 |
6,869,159.0 |
|
|
7. a)
Adjustments of the value of tangible and intangible fixed assets |
32,867,666.0 |
37,835,204.0 |
16,836,770.0 |
|
|
a.1) Expenses |
34,097,799.0 |
37,835,204.0 |
16,836,770.0 |
|
|
a.2) Income |
1,230,133.0 |
0.0 |
0.0 |
|
|
b) Adjustments
of the value of current assets |
229,566.0 |
2,638,933.0 |
0.0 |
|
|
b.1) Expenses |
836,988.0 |
2,638,933.0 |
0.0 |
|
|
b.2) Income |
607,422.0 |
0.0 |
0.0 |
|
|
8. Other
operating costs |
74,422,868.0 |
92,141,234.0 |
59,825,660.0 |
|
|
8.1. Expenses on
third party services |
66,408,979.0 |
86,742,806.0 |
44,202,055.0 |
|
|
8.2. Expenses on
other taxes, duties and similar charges |
2,161,552.0 |
1,659,691.0 |
873,112.0 |
|
|
8.3. Expenses on
compensations, donations and assigned assets |
5,852,337.0 |
3,738,737.0 |
14,750,493.0 |
|
|
Expenses with
refinancing interest rates of leasing entities |
0.0 |
0.0 |
0.0 |
|
|
Adjustments of
provisions |
-106,100.0 |
542,623.0 |
-555,544.0 |
|
|
Expenses |
0.0 |
542,623.0 |
0.0 |
|
|
income |
106,100.0 |
0.0 |
555,544.0 |
|
|
OPERATING
EXPENSES - TOTAL |
328,028,371.0 |
382,795,250.0 |
192,103,491.0 |
|
|
- Profit |
116,111,223.0 |
77,838,143.0 |
91,978,926.0 |
|
|
- Loss |
0.0 |
0.0 |
0.0 |
|
|
9. Income from
participating interests, of which: |
0.0 |
0.0 |
0.0 |
|
|
income obtained
from subsidiaries |
0.0 |
0.0 |
0.0 |
|
|
10. Income from other
financial investments and loans which are part of intangible fixed assets
(acc. 763), of which: |
0.0 |
0.0 |
0.0 |
|
|
income obtained
from subsidiaries |
0.0 |
0.0 |
0.0 |
|
|
11. Income from
interest rates, of which: |
95,065.0 |
124,059.0 |
138,859.0 |
|
|
income obtained
from subsidiaries |
0.0 |
0.0 |
0.0 |
|
|
Other financial
income |
141,631,942.0 |
115,186,137.0 |
0.0 |
|
|
FINANCIAL INCOME
- TOTAL |
141,727,007.0 |
115,310,196.0 |
138,859.0 |
|
|
12. Value adjustments
in respect of capital assets and investments as current assets |
0.0 |
0.0 |
0.0 |
|
|
Expenses |
0.0 |
0.0 |
0.0 |
|
|
income |
0.0 |
0.0 |
0.0 |
|
|
13. Interest
expenses |
9,942,016.0 |
8,761,703.0 |
4,714,449.0 |
|
|
of which, expenses
in respect of subsidiaries |
9,942,016.0 |
0.0 |
0.0 |
|
|
Other financial
expenses |
165,797,822.0 |
120,269,390.0 |
4,113,050.0 |
|
|
FINANCIAL
EXPENSES - TOTAL |
175,739,838.0 |
129,031,093.0 |
8,827,499.0 |
|
|
- Financial profit |
0.0 |
0.0 |
0.0 |
|
|
- Financial loss |
34,012,831.0 |
13,720,897.0 |
8,688,640.0 |
|
|
- Current profit |
82,098,392.0 |
64,117,246.0 |
83,290,286.0 |
|
|
- Current loss |
0.0 |
0.0 |
0.0 |
|
|
15.
Extraordinary income |
0.0 |
0.0 |
0.0 |
|
|
16. Extraordinary
expenses |
0.0 |
0.0 |
0.0 |
|
|
- Extraordinary profit |
0.0 |
0.0 |
0.0 |
|
|
- Extraordinary loss |
0.0 |
0.0 |
0.0 |
|
|
TOTAL INCOME |
585,866,601.0 |
575,943,589.0 |
284,221,276.0 |
|
|
TOTAL EXPENSES |
503,768,209.0 |
511,826,343.0 |
200,930,990.0 |
|
|
- Gross profit |
82,098,392.0 |
64,117,246.0 |
83,290,286.0 |
|
|
- Gross loss |
0.0 |
0.0 |
0.0 |
|
|
18. Income tax |
8,456,234.0 |
12,263,816.0 |
14,976,598.0 |
|
|
19. Other taxes
which are not recorded above |
0.0 |
0.0 |
0.0 |
|
|
- Net profit |
73,642,158.0 |
51,853,430.0 |
68,313,688.0 |
|
|
- Net loss |
0.0 |
0.0 |
0.0 |
|
|
Net result |
73,642,158.0 |
51,853,430.0 |
68,313,688.0 |
|
Additional information |
Figures in RON
per |
31.12.2010 |
31.12.2011 |
30.06.2012 |
|
|
Outstanding
payments-total, of which: - TOTAL |
1,895,346.0 |
1,318,658.0 |
0.0 |
|
|
Accounts payable
outstanding- total, of which: - TOTAL |
1,895,346.0 |
1,318,658.0 |
0.0 |
|
|
over 30 days -
TOTAL |
1,839,783.0 |
N/A |
0.0 |
|
|
over 90 days -
TOTAL |
55,563.0 |
N/A |
0.0 |
|
|
over 1 year -
TOTAL |
0.0 |
N/A |
0.0 |
|
|
Outstanding
payments to social security- total, of which: - TOTAL |
0.0 |
0.0 |
0.0 |
|
|
contributions to
social security payable by employers, employees and other assimilated
entities - TOTAL |
0.0 |
0.0 |
0.0 |
|
|
contributions to
the social health insurance fund - TOTAL |
0.0 |
0.0 |
0.0 |
|
|
contribution to the
additional state pension system - TOTAL |
0.0 |
0.0 |
0.0 |
|
|
contributions to
the unemployment fund - TOTAL |
0.0 |
0.0 |
0.0 |
|
|
other social
liabilities - TOTAL |
0.0 |
0.0 |
0.0 |
|
|
Payments due to
special funds and other funds - TOTAL |
0.0 |
0.0 |
0.0 |
|
|
Payments due to
other creditors - TOTAL |
0.0 |
0.0 |
0.0 |
|
|
Taxes and fees
unpaid to the public budget on the date due - TOTAL |
0.0 |
0.0 |
0.0 |
|
|
Taxes and fees
unpaid to the local budget on the date due - TOTAL |
0.0 |
0.0 |
0.0 |
|
|
Bank credits
which were not reimbursed on the date due - total, of which: - TOTAL |
0.0 |
0.0 |
0.0 |
|
|
back payments after 30 days - TOTAL |
0.0 |
N/A |
0.0 |
|
|
back payments
after 90 days - TOTAL |
0.0 |
N/A |
0.0 |
|
|
back payments after
1 year - TOTAL |
0.0 |
N/A |
0.0 |
|
|
Past due
interest - TOTAL |
0.0 |
0.0 |
0.0 |
|
|
Average number
of employees |
813 |
845 |
859 |
|
Specific
tangible fixed assets |
Figures in RON
per |
31.12.2010 |
31.12.2011 |
30.06.2012 |
|
|
Lands |
17,897,111.0 |
17,897,111.0 |
N/A |
|
|
Buildings |
106,640,683.0 |
107,126,352.0 |
N/A |
|
|
Technical
installations and machines |
265,119,988.0 |
273,943,071.0 |
N/A |
|
|
|
|||||||||||||||
|
Banks |
RBS BANK
(ROMANIA) SA, Ploiesti Banca Comerciala
Romana, Campina |
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|
|
|
|||||||||||||||
|
|
The subject is
registered in the Electronic Archive for Secured Transactions, as having
credits at: RBS BANK
(ROMANIA) SA, Ploiesti These credits
are guaranteed with cash-flow |
|||||||||||||||
|
|
|
|||||||||||||||
|
Payment behavior |
As far as known,
prompt (29) |
|||||||||||||||
|
|
|
|||||||||||||||
|
|
According to the
information registered at the Ministry of Finance, the company has no overdue
debts to the State budget as of 31.12.2012. There are no related
to the subject at the Payment Incidents Bureau (CIP) in the period 15.02.2006
- 15.02.2013. |
|||||||||||||||
|
|
|
|||||||||||||||
|
|
There are no related
to the subject company at the Insolvency Proceedings Bulletin. There are no records
related to the subject company in our debt collection department. |
|||||||||||||||
|
|
|
|||||||||||||||
|
Solvency |
Business
connections are permissible (21) Max. credit: EUR
1.500.000,00 |
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|
|
|
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|
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|
|
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|
Exchange rate |
|
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|
|
|
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|
About |
This report
belongs only to the addressee. The report
contains commercial and financial information obtained from official sources and
from the subject. Any responsibility for the above-mentioned information or
for the minor mistakes that may arise in this report is declined.The
addressee may process and use the information only for the purpose this
report was ordered and must comply with the above-mentioned conditions. |
|||||||||||||||
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.53.99 |
|
|
1 |
Rs.83.72 |
|
Euro |
1 |
Rs.72.08 |
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%)
This report is issued at your request without any
risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL) or
its officials.