|
Report Date : |
20.02.2013 |
IDENTIFICATION DETAILS
|
Name : |
AROMA PRAHA, A.S. |
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|
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Registered Office : |
Židovice 64 411 83 Hrobce |
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Country : |
Czech Republic |
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Financials (as on) : |
31.12.2011 |
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Date of Incorporation : |
01.11.1993 |
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Legal Form : |
Public limited company |
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Line of Business : |
Manufacture of condiments and seasonings |
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No. of Employees : |
60 employees |
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 |
|
---- |
NB |
New Business |
---- |
|
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 – June 30th, 2012
|
Country Name |
Previous Rating (31.03.2012) |
Current Rating (30.06.2012) |
|
Czech Republic |
A2 |
A2 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
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 |
Czech Republic - ECONOMIC OVERVIEW
The Czech Republic is a stable and prosperous market economy, which harmonized its laws and regulations with those of the EU prior to its EU accession in 2004. While the conservative, inward-looking Czech financial system has remained relatively healthy, the small, open, export-driven Czech economy remains sensitive to changes in the economic performance of its main export markets, especially Germany. When Western Europe and Germany fell into recession in late 2008, demand for Czech goods plunged, leading to double digit drops in industrial production and exports. As a result, real GDP fell 4.7% in 2009, with most of the decline occurring during the first quarter. Real GDP, however, has slowly recovered with positive quarter-on-quarter growth starting in the second half of 2009 and continuing throughout 2011. The auto industry remains the largest single industry, and, together with its upstream suppliers, accounts for nearly 24% of Czech manufacturing. The Czech Republic produced more than a million cars for the first time in 2010, over 80% of which were exported. Foreign and domestic businesses alike voice concerns about corruption especially in public procurement. Other long term challenges include dealing with a rapidly aging population, funding an unsustainable pension and health care system, and diversifying away from manufacturing and toward a more high-tech, services-based, knowledge economy.
|
Source : CIA |
AROMA PRAHA, A.S.
Židovice 64
411 83 Hrobce
telephone: 00420/ 416 809 220
telefax: 00420/ 416 809 219
e-mail: aroma@aroma.cz
Web: www.aroma.cz
|
Legal form |
Public limited company |
|
|
Foundation |
01/11/1993 - Public limited company |
|
Comp. Register |
08/12/2004, Krajský soud Ústí nad
Labem, RegNr.: B 1587 |
|
Share Capital |
01/11/1993 |
CZK |
80 723 000,- |
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|
|
04/07/2003 |
CZK |
70 274 000,- |
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|
|
70 274 bearer shares in documentary form
at nominal value |
|||
|
Main Shareholder |
AROCO, spol. s
r.o. (Statistical number: 43870571) |
% |
89,89 |
|
|
Board of
Directors |
Ing. Hynek
Strnad (09.03.1948) |
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Ing. Marek
Strnad (24.03.1953) |
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Ing. Miroslav
Lejko (13.11.1949) |
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Ing. Pavel Foret (25.01.1970) |
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Jiří Lejko (05.06.1951) |
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Supervisory
Board |
Ing. Václav Srna (02.08.1942) |
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|
Miloslava
Šlamborová (06.01.1965) |
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|
Prof. Ing. Libor
Červený, DrSc. (02.07.1942) |
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General Data |
Manufacture and sale of substances and raw
materials for chemical, cosmetic and food industry, of flavoring and aromatic
substances, of perfume compositions, of spices and food additives, of herbal
extracts, relishes, of rum ether as well as of beer absorbent. |
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Main activity: |
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Trade name(s) |
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Export: |
20% |
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Import: |
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General
contacts: |
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Address: |
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Židovice 64, 411 83 Hrobce |
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Novovysočanská 46, 190 00 Praha 9 -
Vysočany |
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|
Spálená 59/114, 111 26 Praha 1 |
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Staff |
2008 |
85 employees |
|
|
2010 |
70 employees |
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|
2012 |
60 employees |
||||
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Annual Sales |
2005 |
actual sales |
CZK |
138 974 000,- |
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|
|
|
2006 |
actual sales |
CZK |
146 749 000,- |
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|
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2007 |
actual sales |
CZK |
120 681 000,- |
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|
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2008 |
actual sales |
CZK |
103 298 000,- |
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|
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2009 |
actual sales |
CZK |
91 322 000,- |
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|
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2010 |
actual sales |
CZK |
93 543 000,- |
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|
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2011 |
actual sales |
CZK |
94 350 000,- |
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Property |
Property of the company: |
|
Balance sheets |
The enclosed balance of 2011 from business
register, -. (31.12.2011 - 1 CZK) |
|
|
The enclosed profit/loss account of 2011
from business register, -. (31.12.2011 - 1 CZK) |
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Remarks |
The company is a
holder of ISO 9001 and ISO 14001 certificates. |
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Business management: |
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Bankers |
Raiffeisenbank, a. s. |
(5500) |
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Copyright:
Creditreform s.r.o. Praha |
This information is addressed exclusively
to the addressee. Contractor obligates to provide updated information. Although
it is always put maximum effort to collect actual and exact information, it
is not confirmed as delinquency if there are particular inaccurateness
contained within the information, which are not considered as essential in
terms of the objective for which the information is provided to the
addressee. Contractor and recipient conform to the rules of the Name and
Description Security Act, Nub.101/2000. According to the Name and Description
Security Act, recipient has the right to process or to use forwarding data
only for the purpose for which information has been sent to the recipient.
Usage for other purpose is acceptable only in case referring to valid
regulations of the above mentioned act. |
|
|
balance |
31.12.2008 (CZK) |
31.12.2009 (CZK) |
31.12.2010 (CZK) |
31.12.2011 (CZK) |
|
r1 |
TOTAL ASSETS |
134 728 000 |
126 282 000 |
124 427 000 |
120 088 000 |
|
r2 |
Receivables for subscriptions |
0 |
0 |
0 |
0 |
|
r3 |
Fixed assets |
61 390 000 |
61 627 000 |
59 570 000 |
57 014 000 |
|
r4 |
Intangible fixed
assets |
4 039 000 |
3 779 000 |
3 456 000 |
3 261 000 |
|
r13 |
Tangible fixed
assets |
57 351 000 |
57 848 000 |
56 114 000 |
53 753 000 |
|
r23 |
Long-term
financial assets |
0 |
0 |
0 |
0 |
|
r31 |
Current assets |
72 869 000 |
64 415 000 |
64 461 000 |
62 808 000 |
|
r32 |
Inventory |
42 711 000 |
42 711 000 |
43 641 000 |
41 111 000 |
|
r39 |
Long-term
receivables |
0 |
0 |
0 |
0 |
|
r48 |
Short-term
receivables |
19 803 000 |
16 967 000 |
17 610 000 |
17 467 000 |
|
r58 |
Short-term
financial assets |
10 355 000 |
8 637 000 |
2 993 000 |
4 230 000 |
|
r63 |
Accruals |
469 000 |
240 000 |
396 000 |
266 000 |
|
r67 |
TOTAL
LIABILITIES |
134 728 000 |
126 282 000 |
124 427 000 |
120 088 000 |
|
r68 |
Equity |
96 157 000 |
91 410 000 |
88 858 000 |
86 880 000 |
|
r69 |
Registered
capital |
70 274 000 |
70 274 000 |
70 274 000 |
70 274 000 |
|
r73 |
Capital funds |
0 |
0 |
0 |
0 |
|
r78 |
Reserve funds,
statutory reserve account for cooperatives, and other retained earnings |
13 000 |
20 000 |
24 000 |
27 000 |
|
r81 |
Profit / loss -
previous years |
22 597 000 |
25 790 000 |
21 016 000 |
18 480 000 |
|
r84 |
Profit / loss -
current year (+/-) |
3 273 000 |
-4 674 000 |
-2 456 000 |
-1 901 000 |
|
r85 |
Liabilities |
38 571 000 |
34 872 000 |
35 569 000 |
33 056 000 |
|
r86 |
Reserves |
0 |
0 |
0 |
0 |
|
r91 |
Long-term
payables |
3 058 000 |
3 361 000 |
3 463 000 |
3 480 000 |
|
r102 |
Short-term
payables |
16 046 000 |
12 482 000 |
17 141 000 |
13 864 000 |
|
r114 |
Bank loans and financial
accommodations |
19 467 000 |
19 029 000 |
14 965 000 |
15 712 000 |
|
r118 |
Accruals |
0 |
0 |
0 |
152 000 |
|
|
profit/loss
account |
31.12.2008 (CZK) |
31.12.2009 (CZK) |
31.12.2010 (CZK) |
31.12.2011 (CZK) |
|
|
a1 |
Turnover |
103 298 000 |
91 322 000 |
93 543 000 |
94 350 000 |
|
|
a2 |
Revenues from sold goods |
|
|
|
0 |
|
|
a3 |
Expenses on sold goods |
|
|
|
0 |
|
|
a4 |
Sale margin |
16 000 |
61 000 |
54 000 |
57 000 |
|
|
a5 |
Production |
103 298 000 |
91 322 000 |
93 543 000 |
94 350 000 |
|
|
a9 |
Production
consumption |
73 284 000 |
64 903 000 |
66 014 000 |
67 266 000 |
|
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a12 |
Added value |
30 030 000 |
26 480 000 |
27 583 000 |
27 141 000 |
|
|
a13 |
Personnel
expenses |
28 568 000 |
24 997 000 |
24 611 000 |
24 016 000 |
|
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a18 |
Taxes and fees |
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|
0 |
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a19 |
Depreciations of intangible and tangible
assets |
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|
0 |
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a20 |
Revenues from
disposals of fixed assets and materials |
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|
0 |
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a23 |
Net book value of
disposed fixed assets and materials |
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|
0 |
|
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a26 |
Change in operating reserves and
adjustments and complex deferred costs ( + / - ) |
|
|
|
0 |
|
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a27 |
Other operating revenues |
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|
|
0 |
|
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a28 |
Other operating expenses |
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|
0 |
|
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a29 |
Transfer of operating revenues |
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|
|
0 |
|
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a30 |
Transfer of operating expenses |
|
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|
0 |
|
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a31 |
Operating profit
/ loss |
5 766 000 |
-2 318 000 |
-653 000 |
-544 000 |
|
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a32 |
Revenues from sales of securities and ownership
interests |
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|
|
0 |
|
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a33 |
Sold securities and ownership interests |
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|
0 |
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|
a34 |
Revenues from
long-term financial assets |
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|
0 |
|
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a38 |
Revenues from short-term financial assets |
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|
0 |
|
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a39 |
Expenses associated with financial assets |
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|
|
0 |
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a40 |
Revenues from revaluation of securities
and derivatives |
|
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|
0 |
|
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a41 |
Cost of revaluation of securities and
derivatives |
|
|
|
0 |
|
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a42 |
Change in financial reserves and
adjustments ( + / - ) |
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|
|
0 |
|
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a43 |
Interest revenues |
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|
|
0 |
|
|
a44 |
Interest expenses |
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|
0 |
|
|
a45 |
Other financial revenues |
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|
0 |
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a46 |
Other financial expenses |
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|
0 |
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a47 |
Transfer of financial revenues |
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|
0 |
|
|
a48 |
Transfer of financial expenses |
|
|
|
0 |
|
|
a49 |
Profit / loss
from financial operations ( transactions ) |
-2 143 000 |
-2 155 000 |
-1 701 000 |
-1 339 000 |
|
|
a50 |
Income tax on
ordinary income |
353 000 |
303 000 |
102 000 |
18 000 |
|
|
a53 |
Operating profit
/ loss ordinary activity |
3 270 000 |
-4 776 000 |
-2 456 000 |
-1 901 000 |
|
|
a54 |
Extraordinary revenues |
|
|
|
0 |
|
|
a55 |
Extraordinary expenses |
|
|
|
0 |
|
|
a56 |
Income tax on
extraordinary income |
|
|
|
0 |
|
|
a59 |
Operating profit
/ loss extraordinary activity |
3 000 |
102 000 |
0 |
0 |
|
|
a60 |
Transfer profit ( loss ) to partners (+/-) |
|
|
|
0 |
|
|
a61 |
Profit / loss of
current accounting period (+/-) |
3 273 000 |
-4 674 000 |
-2 456 000 |
-1 901 000 |
|
|
a62 |
Profit / loss
before tax (+/-) |
3 626 000 |
-4 371 000 |
-2 354 000 |
-1 883 000 |
|
|
|
Receivables
after due date total |
|
8 000 000 |
8 379 000 |
9 112 000 |
|
|
|
Liabilities
after due date total |
|
3 236 000 |
4 340 000 |
4 190 000 |
|
|
Balance indices |
|
31.12.2008 |
31.12.2009 |
31.12.2010 |
31.12.2011 |
|
|
Return on total assets ROA (in %) |
a62/r1 * 100 |
2,69 |
-3,46 |
-1,89 |
-1,57 |
|
|
Return on equity ROE (in %) |
a62/r68 * 100 |
3,77 |
-4,78 |
-2,65 |
-2,17 |
|
|
Return on sales ROS (in %) |
a62/a1 * 100 |
3,51 |
-4,79 |
-2,52 |
-2,00 |
|
|
Turnover of receivables (in days) |
r49/a1 * 365 |
n/a |
n/a |
n/a |
n/a |
|
|
Turnover of liabilities (in days) |
r103/a1 * 365 |
n/a |
n/a |
n/a |
n/a |
|
|
Turnover of inventories (days) |
r32/a1 * 365 |
150,92 |
170,71 |
170,28 |
159,04 |
|
|
Net working capital (in ths. CZK) |
r31 - r102 - r116 - r117 |
56 823,00 |
51 933,00 |
47 320,00 |
48 944,00 |
|
|
Ratio of accounts payable to accounts
receivable (in %) |
(r39+r48) / (r91+r102) * 100 |
103,66 |
107,09 |
85,47 |
100,71 |
|
|
Ratio of profit/loss to tangible assets
(in%) |
r3 / a1 * 100 |
59,43 |
67,48 |
63,68 |
60,43 |
|
|
Current ratio |
r31 / (r102+r116+r117) |
n/a |
n/a |
n/a |
n/a |
|
|
Quick ratio |
(r58+r48) / (r102+r116+r117) |
1,88 |
2,05 |
1,20 |
1,56 |
|
|
Cash ratio |
r58 / (r102+r116+r117) |
n/a |
n/a |
n/a |
n/a |
|
|
Debt ratio I (in %) |
(1-r68/r67) * 100 |
28,63 |
27,61 |
28,59 |
27,65 |
|
|
Debt ratio II (in %) |
r85/r67 * 100 |
28,63 |
27,61 |
28,59 |
27,53 |
|
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.54.28 |
|
|
1 |
Rs.84.09 |
|
Euro |
1 |
Rs.72.44 |
INFORMATION DETAILS
|
Report Prepared
by : |
SDA |
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.