MIRA
INFORM REPORT
|
Report Date : |
05.06.2013 |
IDENTIFICATION DETAILS
|
Name : |
MILLENIUM TODAY SL. |
|
|
|
|
Registered Office : |
Calle Albert Einstein, 50 - Piso 2 Pta 1, 08223 Terrassa Barcelona |
|
|
|
|
Country : |
Spain |
|
|
|
|
Financials (as on) : |
31.12.2011 |
|
|
|
|
Date of Incorporation : |
26.06.2007 |
|
|
|
|
Legal Form : |
Limited Liability Company |
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Line of Business : |
Traders of machinery and industrial equipment |
|
|
|
|
No. of Employees : |
Not Available |
RATING & COMMENTS
|
MIRAs Rating : |
Ba |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
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 March 31st 2013
|
Country Name |
Previous Rating (31.12.2012) |
Current Rating (31.03.2013) |
|
Spain |
A2 |
A2 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
|
Moderate |
B1 |
|
High |
B2 |
|
Very High |
C1 |
|
Restricted |
C2 |
|
Off-credit |
D |
Spain ECONOMIC OVERVIEW
After almost 15 years of above
average GDP growth, the Spanish economy began to slow in late 2007 and entered
into a recession in the second quarter of 2008. GDP contracted by 3.7% in 2009,
ending a 16-year growth trend, and by another 0.3% in 2010; GDP expanded 0.4%
in 2011, before contracting 1.4% in 2012. The economy has once again fallen
into recession as deleveraging in the private sector, fiscal consolidation, and
continued high unemployment weigh on domestic demand and investment, even as
exports have shown signs of resiliency. The unemployment rate rose from a low
of about 8% in 2007 to 26.0% in 2012. The economic downturn has also hurt
Spain's public finances. The government budget deficit peaked at 11.2% of GDP
in 2010 and the process to reduce this imbalance has been slow despite the
central government's efforts to raise new tax revenue and cut spending. Spain
reduced its budget deficit to 9.4% of GDP in 2011, and roughly 7.4% of GDP in
2012, above the 6.3% target negotiated between Spain and the EU. Although
Spain's large budget deficit and poor economic growth prospects remain a source
of concern for foreign investors, the government's ongoing efforts to cut
spending and introduce flexibility into the labor markets are intended to
assuage these concerns. The government is also taking steps to shore up the
banking system, namely by using up to $130 billion in EU funds to recapitalize
struggling banks exposed to the collapsed domestic construction and real estate
sectors.
|
Source : CIA |
Company name
MILLENIUM TODAY SL.
CIF/NIF: B64618622
Company situation: Active
INFORMATION OF THE
REQUEST
Data of your
request
|
|
|
|
CIF / NIF B64618622 Registered Name MILLENIUM
TODAY Complete Address Albert
Einstein,50 21 BARCELONA 08223 Request reason MAX
CREDIT |
Year of the accounts to be delivered 2011 Language Inglιs Delivery Method E-mail Delivery Format RTF Delivery time 4 days Report Reference
Number 223798 |
Answer to the data
in your request
The data of your request have been confirmed and are correct.
In spite of investigations using every source available (public and private), no additional details than those contained in this report are available.
EXECUTIVE SUMMARY
Identification
Current Business Name: MILLENIUM TODAY SL.
Other names: YES
Current Address: CALLE ALBERT EINSTEIN, 50 - PISO 2 PTA 1
Telephone number: 937802144
URL: www.millenium-today.com
Corporate e-mail: adm.milleniun@millenium-today.com
Financial
Information
Balance sheet
latest sales (2011): 2.100,00 (Mercantile Register)
Result: -76,27
Total
Assets: 107.886,9
Share capital: 3.006,00
Employees: 0
Listed on a Stock Exchange: NO
Commercial Information
Incorporation
date: 26/06/2007
Activity: Traders of machinery and industrial equipment
NACE 2009
CODE: 4614
International
Operations: Imports and Exports
Corporate Structure
Joint and Several
Administrator:
Other Complementary Information
Latest filed accounts in the Mercantile Register: 2011
Latest act published in BORME: 18/06/2012 Registered activity change
Latest press article: No press articles registered for this company
Bank Entities: There are
The date when this report was last updated is 04/06/2013.
The information contained in this report has been investigated and contrasted on 04/06/2013
Financial situation
|
Exercise:2011 |
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|||
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Immediate
liquidity |
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Excellent |
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|
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Indebtedness |
|
Very slight |
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|
|
Profitability |
|
Unfavourable |
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|
|
Soundness |
|
Excellent |
|
|
Performance
|
Incidents |
|
None or Negligible |
|
Business
Trajectory |
|
Good |
Rating Explanation
Financial situation
The companys financial situation is normal.
The sales evolution and results has
been negative.
Company Structure
The companys capitalization degree determines that
its structure is weak.
The companys size is very
small depending on its sales volume.
Performance and Incidences
The available information indicates that the
company does not have payment incidences.
He have detected no recent legal actions or claims
from the Administration against this company.
Accounts Filing
The company files regularly its accounts.
Reasons of the
last outstanding calculation in the note
|
DATE |
CHANGE |
RESULTING NOTE |
EVENT |
|
30/11/2012 |
Reduction |
12 |
There has been a change in the formula version. |
|
07/11/2012 |
Reduction |
13 |
New financial statements have been uploaded. |
|
06/11/2012 |
Increase |
14 |
New financial statements have been uploaded. |
|
20/08/2012 |
Increase |
9 |
New information has been loaded on our systems. |
|
06/08/2012 |
Reduction |
8 |
New information has been loaded on our systems. |
INCIDENTS
Summary
LEGAL ACTIONS: No legal actions registered
ADMINISTRATIVE CLAIMS: No administrative claims registered
AFFECTED BY: No significant element.
R.A.I.
COMPANY NOT REGISTERED IN THE R.A.I.
This company is not registered in the Disputed Bills register (R.A.I.)
DATE AND TIME OF THE CONSULTATION
31/05/2013 12:05:29
Information from the Registro de Aceptaciones Impagados (RAI)- Disputed Bills register.
It can only be used for information legitimate needs of the consulting party, in accordance with its social or business activity, in order to grant a credit or the monitoring or control of the already granted credits and can not be transmitted or communicated to thirds, nor copied, duplicated, reproduced nor implemented to any database , owned or external, or reused it in anyway, direct or indirectly.
FINANCIAL ELEMENTS AND SECTORIAL COMPARATIVE
FINANCIAL ELEMENTS
Figures given in
|
|
31/12/2011 (12) BALANCE SHEET |
% ASSETS |
31/12/2010 (12) BALANCE SHEET |
% ASSETS |
|
ASSETS |
|
|
|
|
|
A) NON CURRENT ASSETS |
442,29 |
0,41 |
416,87 |
0,31 |
|
B) CURRENT ASSETS |
107.444,61 |
99,59 |
134.404,81 |
99,69 |
|
LIABILITIES |
|
|
|
|
|
A) NET WORTH |
107.865,43 |
99,98 |
107.941,70 |
80,06 |
|
B) NON CURRENT LIABILITIES |
|
|
|
|
|
C) CURRENT LIABILITIES |
21,47 |
0,02 |
26.879,98 |
19,94 |
Profit and loss
account analysis
Figures given in
|
|
31/12/2011 (12) BALANCE SHEET |
% NET TURNOVER |
31/12/2010 (12) BALANCE SHEET |
% NET TURNOVER |
|
SALES |
2.100,00 |
|
3.812,15 |
|
|
GROSS MARGIN |
2.100,00 |
100,00 |
3.812,15 |
100,00 |
|
EBITDA |
-83,24 |
-3,96 |
1.199,05 |
31,45 |
|
EBIT |
-83,24 |
-3,96 |
1.199,05 |
31,45 |
|
NET RESULT |
-76,27 |
-3,63 |
899,29 |
23,59 |
|
EFFECTIVE TAX RATE (%) |
-25,00 |
-1,19 |
25,00 |
0,66 |
company
ADDRESSES
Current Legal Seat Address:
CALLE ALBERT EINSTEIN, 50 - PISO 2 PTA 1
08223 TERRASSA BARCELONA
Previous Seat Address:
CALLE VICTOR CATALA 8 - PLT 5 . PTA 1
08206 SABADELL
BARCELONA
CORPORATE STRUCTURE
ADMINISTRATIVE
LINKS
|
|
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Distribution of the administration board |
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|
Governing body : 2 members (latest change:
06/06/2012) Other Positions : 1 (latest change: 06/06/2012) Non-current positions : 3 (latest change: 06/06/2012) |
|
|
Main Board members,
Directors and Auditor
Governing body
|
POSITION |
NAME AND SURNAME |
DATE APPOINTMENT |
|
JOINT AND SEVERAL ADMINISTRATOR |
GIRA S XXI RECUPERACIONES SL |
06/06/2012 |
|
JOINT AND SEVERAL ADMINISTRATOR |
ZAHONERO ALONSO, JUAN |
06/06/2012 |
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|
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Other Positions
|
POSITION |
NAME AND SURNAME |
DATE APPOINTMENT |
|
OTHER |
PUIGANTELL ULLES, MARCEL |
06/06/2012 |
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|
|
|
There are 3 board members, directors and auditors registered
Board members remuneration
Source: Annual
financial report 2011
Board
members remuneration: 0,00
Financial links
|
|
BUSINESS NAME |
TAX NUMBER/COUNTRY |
% |
SOURCE |
DATE REP. |
|
|
SANCHEZ SEGOVIA OSCAR |
|
Indef. |
B.O.R.M.E. |
18/06/2012 |
There are 1 direct financial links through shareholders
registered
POTENTIAL LINKS
Search for Link by Administrator
Search Criterion: JUAN ZAHONERO ALONSO
|
COMPANY |
POSITION |
PROVINCE |
|
EUROTINTES SA |
Consejero Delegado |
BARCELONA |
|
LEVEL INVERSION 25 SL |
Administrador Ϊnico |
BARCELONA |
|
LEVEL HABITAT SA. |
Administrador |
BARCELONA |
|
PROMOTRADING PLANS S.L. |
Administrador |
BARCELONA |
|
NEW BAXTER 3000 S.L. |
Administrador |
BARCELONA |
In case you need more information you can request:Board Members
Monitoring
Search Criterion: MILLENIUM TODAY
URL: www.infojobs.net
MILLENIUM TODAY, SL - Infojobs Ofertas de trabajo en MILLENIUM
TODAY, S.L.. Consulta la bolsa de empleo de MILLENIUM TODAY, S.L. e inscrνbete
en las ofertas de empleo de MILLENIUM ...
BUSINESS INFORMATION
Incorporation date: 26/06/2007
Activity: Traders of machinery and industrial equipment
NACE 2009 CODE: 4614
NACE 2009 Activity: Agents involved in the sale of machinery,
industrial equipment, ships and aircraft
Business: LA PROMOCION Y CONSTRUCCION DE VIVIENDAS, DE
OFICINAS Y DE TODO TIPO DE INMUEBLES; ASI COMO LA COMPRA VENTA
REFORMA,.ADMINISTRACION Y EXPLOTACION DE VIVIENDAS,. EDIFICIOS, HOTELES,
LOCALES, ETC
(Enlargement)AMPLIAR A: COMPRAVENTA DE TODA CLASE DE MAQUINARIA
INDUSTRIAL, NUEVA O DE OCASION DE CUALQUIER SECTOR DE PRODUCCION. COMPRAVENTA
DE TODO TIPO DE CHATARRA Y METALES. DESGUACE DE TODO TIPO DE FABRICAS.
Latest employees figure: 0 (2011)
COMMERCIAL OPERATIONS
PURCHASES
Imports from: PORTUGAL
SALES
Exports to: UE
|
ENTITY |
BRANCH |
ADDRESS |
TOWN OR CITY |
PROVINCE |
|
DEUTSCHE BANK, S.A.E. |
|
|
|
|
There are 1 bank entities registered
FORMER NAMES:
ELITE ARENA SMART S.L.
LEGAL
STRUCTURE
Constitution Data
Register Date: 26/06/2007
Register town: Barcelona
Announcement number: 406683
Register data:
Volume 39770, Folio 75, Section 8, Sheet 354479,
Inscription I/A 1 (2007-07-16)
Share capital: 3.006
Legal form: Limited Liability Company
Share capital: 3.006,00
Obligation to fill in Financial Statements: YES
Chamber census: NO
B.O.R.M.E.
(OFFICIAL GAZETTE OF
THE MERCANTILE REGISTER)
· Acts on activity: 1 (Last: 18/06/2012)
· Acts on administrators: 7 (Last: 18/06/2012, first: 03/08/2007)
· Acts on capital: 0
· Acts on creation: 1 (Last: 03/08/2007)
· Acts on filed accounts: 0
· Acts on identification: 4 (Last: 18/06/2012, first: 19/10/2007)
· Acts on Information: 2 (Last: 18/06/2012, first: 10/11/2008)
Latest acts in
B.O.R.M.E.
Most relevant acts of the last twelve months
|
|
ACT |
DATE |
NOTICE NUM. |
MERCANTILE REGISTER |
|
Registered activity change |
18/06/2012 |
255077 |
Barcelona |
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|
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|
|||
|
Change of registered address |
18/06/2012 |
255077 |
Barcelona |
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|
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|||
|
Change of business name |
18/06/2012 |
255040 |
Barcelona |
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|
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|
|||
Other acts
|
ACT |
DATE |
NOTICE NUM. |
MERCANTILE REGISTER |
|
Other concepts |
18/06/2012 |
255077 |
Barcelona |
|
Appointments |
18/06/2012 |
255077 |
Barcelona |
|
Resignations |
18/06/2012 |
255077 |
Barcelona |
|
Change of registered address |
10/11/2008 |
512389 |
Barcelona |
|
Other concepts |
10/11/2008 |
512389 |
Barcelona |
|
Appointments |
10/11/2008 |
512389 |
Barcelona |
|
Resignations |
10/11/2008 |
512389 |
Barcelona |
There are 15 acts registered
Press articles
No press articles registered for this company
Complementary
Information
Financial Information
El balance del Registro Mercantil cerrado a 31/12/2010 (Deposito 2011)
esta disponible en INFORMA, pero existen datos en los nuevos estados contables
incorrectamente presentados.
FINANCIAL INFORMATION
The information on the last Individual Filed Accounts contained in this report is extracted from the Mercantile Register file of the legal address of the Company and dated 06/11/2012.
SITUATION
BALANCE-SHEET
Assets
Figures given in
|
|
31/12/2011 (12) |
% ASSETS |
31/12/2010 (12) |
% ASSETS |
|
A) NON CURRENT ASSETS |
442,29 |
0,41 |
416,87 |
0,31 |
|
I. Intangible assets |
|
|
|
|
|
II. Tangible fixed assets |
|
|
|
|
|
III. Real-estate investments |
|
|
|
|
|
IV. Long term investments in associated and affiliated companies |
|
|
|
|
|
V. Long Term Financial Investments |
|
|
|
|
|
VI. Assets by deferred taxes |
442,29 |
0,41 |
416,87 |
0,31 |
|
VII. Non current commercial debts |
|
|
|
|
|
B) CURRENT ASSETS |
107.444,61 |
99,59 |
134.404,81 |
99,69 |
|
I. Stocks |
|
|
232,00 |
0,17 |
|
II. Trade Debtors and other receivable accounts |
616,81 |
0,57 |
222,46 |
0,17 |
|
3. Other debtors |
616,81 |
0,57 |
222,46 |
0,17 |
|
III. Short term investments in associated and affiliated companies |
105.919,14 |
98,18 |
130.000,00 |
96,42 |
|
IV. Short term financial investments |
|
|
|
|
|
V. Short term periodifications |
|
|
|
|
|
VI. Cash and equivalents |
908,66 |
0,84 |
3.950,35 |
2,93 |
|
TOTAL ASSETS (A + B) |
107.886,90 |
100,00 |
134.821,68 |
100,00 |
Net Worth and
Liabilities
Figures given in
|
|
31/12/2011 (12) |
% ASSETS |
31/12/2010 (12) |
% ASSETS |
|
A) NET WORTH |
107.865,43 |
99,98 |
107.941,70 |
80,06 |
|
A-1) Equity |
107.865,43 |
99,98 |
107.941,70 |
80,06 |
|
I. Capital |
3.006,00 |
2,79 |
3.006,00 |
2,23 |
|
1. Authorized capital |
3.006,00 |
2,79 |
3.006,00 |
2,23 |
|
II. Issue premium |
|
|
|
|
|
III. Reserves |
104.935,70 |
97,26 |
104.036,41 |
77,17 |
|
IV. (Net worth own shares and participations) |
|
|
|
|
|
V. Results from previous years |
|
|
|
|
|
VI. Other loans from partners |
|
|
|
|
|
VII. Exercise Result |
-76,27 |
-0,07 |
899,29 |
0,67 |
|
VIII. (Interim dividend) |
|
|
|
|
|
A-2) Value changes adjustments |
|
|
|
|
|
A-3) Received legacies, grants and subventions |
|
|
|
|
|
B) NON CURRENT LIABILITIES |
|
|
|
|
|
I. Long term provisions |
|
|
|
|
|
II. Long term debts |
|
|
|
|
|
III. Long term debts with associated and affiliated companies |
|
|
|
|
|
IV. Liabilities by deferred taxes |
|
|
|
|
|
V. Long term periodifications |
|
|
|
|
|
VI. Non current trade creditors |
|
|
|
|
|
VII. Long term debts with special characteristics |
|
|
|
|
|
C) CURRENT LIABILITIES |
21,47 |
0,02 |
26.879,98 |
19,94 |
|
I. Short term provisions |
|
|
|
|
|
II. Short term debts |
|
|
26.000,00 |
19,28 |
|
3. Other short term debts |
|
|
26.000,00 |
19,28 |
|
III. Short term debts with associated and affiliated companies |
|
|
|
|
|
IV. Trade creditors and other payable accounts |
21,47 |
0,02 |
879,98 |
0,65 |
|
2. Other creditors |
21,47 |
0,02 |
879,98 |
0,65 |
|
V. Short term periodifications |
|
|
|
|
|
VI. Short term debts with special characteristics |
|
|
|
|
|
TOTAL NET WORTH AND LIABILITIES (A + B + C) |
107.886,90 |
100,00 |
134.821,68 |
100,00 |
PROFIT AND LOSS
ACCOUNT
Figures given in
|
|
31/12/2011 (12) |
%OPERATING INCOME |
31/12/2010 (12) |
%OPERATING INCOME |
|
1. Net Turnover |
2.100,00 |
100,00 |
3.812,15 |
100,00 |
|
2. Variation in stocks of finished goods and work in progress |
|
|
|
|
|
3. Works for its own assets |
|
|
|
|
|
4. Supplies |
|
|
|
|
|
5. Other operating income |
|
|
|
|
|
6. Labour cost |
|
|
|
|
|
7. Other operating costs |
-2.183,24 |
-103,96 |
-2.613,10 |
-68,55 |
|
8. Amortization of fixed assets |
|
|
|
|
|
9. Allocation of subventions on non financial investments and other |
|
|
|
|
|
10. Provisions excess |
|
|
|
|
|
11. Deterioration and result for fixed assets disposal |
|
|
|
|
|
12. Other results |
|
|
|
|
|
A) OPERATING RESULT (1 + 2 + 3 + 4 + 5 + 6 + 7 + 8 + 9 + 10 + 11 + 12) |
-83,24 |
-3,96 |
1.199,05 |
31,45 |
|
13. Financial income |
13,97 |
0,67 |
|
|
|
b) Other financial income |
13,97 |
0,67 |
|
|
|
14. Financial expenses |
-32,42 |
-1,54 |
|
|
|
15. Reasonable value variation on financial instruments |
|
|
|
|
|
16. Exchange differences |
|
|
|
|
|
17. Deterioration and result for disposal of financial instruments |
|
|
|
|
|
18. Other financial income and expenses |
|
|
|
|
|
B) FINANCIAL RESULT (13 + 14 + 15 + 16 + 17 + 18) |
-18,45 |
-0,88 |
|
|
|
C) RESULT BEFORE TAXES (A + B) |
-101,69 |
-4,84 |
1.199,05 |
31,45 |
|
19. Taxes on profits |
25,42 |
1,21 |
-299,76 |
-7,86 |
|
D) EXERCISE RESULT (C + 19) |
-76,27 |
-3,63 |
899,29 |
23,59 |
NET WORTH CHANGES STATUS
Status of recognized
income and expenses
For the financial statements presented under the SMEs model (PYMES), the Net Worth Changes Status is formed by a single table. For the rest of the cases there would be shown the two tables corresponding to the mentioned status with the exception of the company not having operations reflected in the Status of recognized income and expenses and that, for this reason, it has no data.
Total net worth
changes status
Figures given in
|
NET WORTH CHANGES ( 1 /1) |
AUTHORIZED CAPITAL |
RESERVES |
EXERCISE RESULT |
TOTAL |
|
FINAL ACCOUNT BALANCE OF EXERCISE (2009) |
3.006,00 |
96.683,42 |
7.352,99 |
107.042,41 |
|
I. Adjustments by change of criteria in the exercise (2009) |
|
|
|
|
|
II. Adjustments by errors in the exercise (2009) |
|
|
|
|
|
ADJUSTED ACCOUNT BALANCE, BEGINNING OF EXERCISE (2010) |
3.006,00 |
96.683,42 |
7.352,99 |
107.042,41 |
|
I. Profit and loss account result |
|
|
|
|
|
II. Recognized income and expenses in net worth |
|
|
|
|
|
III. Operations with partners or owners |
|
|
|
|
|
IV. Other net worth variations |
|
|
|
|
|
FINAL ACCOUNT BALANCE OF EXERCISE (2010) |
3.006,00 |
104.036,41 |
899,29 |
107.941,70 |
|
I. Adjustments by change of criteria in the exercise (2010) |
|
|
|
|
|
II. Adjustments by errors in the exercise (2010) |
|
|
|
|
|
ADJUSTED ACCOUNT BALANCE, BEGINNING OF EXERCISE (2011) |
3.006,00 |
104.036,41 |
899,29 |
107.941,70 |
|
I. Profit and loss account result |
|
|
-76,27 |
-76,27 |
|
II. Recognized income and expenses in net worth |
|
|
|
|
|
III. Operations with partners or owners |
|
|
|
|
|
IV. Other net worth variations |
|
899,29 |
-899,29 |
|
|
FINAL ACCOUNT BALANCE OF EXERCISE (2011) |
3.006,00 |
104.935,70 |
-76,27 |
107.865,43 |
RATIOS
|
|
31/12/2011 (12) |
CHANGE % |
31/12/2010 (12) |
|
BALANCE RATIOS |
|||
|
Working Capital () |
107.423,14 |
-0,09 |
107.524,83 |
|
Working capital ratio |
1,00 |
25,00 |
0,80 |
|
Soundness Ratio |
243,88 |
-5,81 |
258,93 |
|
Average Collection Period (days) |
106 |
406,90 |
21 |
|
Average Payment Period (days) |
4 |
-97,03 |
121 |
|
LIQUIDITY RATIOS |
|||
|
Current Ratio (%) |
500.440,66 |
99.984,13 |
500,02 |
|
Quick Ratio (%) |
4.232,23 |
28.690,68 |
14,70 |
|
DEBT RATIOS |
|||
|
Borrowing percentage (%) |
|
-100,00 |
19,28 |
|
Debt Service Coverage |
|
-100,00 |
28,91 |
|
Interest Coverage |
-2,57 |
|
|
|
GENERAL AND ACTIVITIES RATIOS |
|||
|
Auto financing generated by sales (%) |
-3,63 |
-115,39 |
23,59 |
|
Auto financing generated by Assets (%) |
-0,07 |
-110,45 |
0,67 |
|
Breakdown Point |
0,96 |
-34,25 |
1,46 |
|
Assets Turnover |
0,02 |
-33,33 |
0,03 |
|
RESULTS RATIOS |
|||
|
Return on Assets (ROA) (%) |
-0,08 |
-108,99 |
0,89 |
|
Operating Profitability (%) |
-0,08 |
-108,99 |
0,89 |
|
Return on Equity (ROE) (%) |
-0,09 |
-108,11 |
1,11 |
ADDITIONAL INFORMATION
This company has been consulted was last displayed on 29/03/2012, 0 times in the last quarter and 21 total times.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.56.64 |
|
UK Pound |
1 |
Rs.86.69 |
|
Euro |
1 |
Rs.73.97 |
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 SCs 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.