MIRA INFORM REPORT

 

 

Report Date :

04.03.2013

 

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) :

30.09.2012

 

 

Date of Incorporation :

09.03.1937

 

 

Com. Reg. No.:

22582

 

 

Legal Form :

Joint Stock Company

 

 

Line of Business :

Manufacture and trade of detergents, hygienic ped, nappies and tissue paper. 

 

 

No. of Employees :

2.500 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

 

Status :

Satisfactory

Payment Behaviour :

Slow but correct

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)

Turkey

B1

B1

 

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 8.2% in 2010, as exports returned to normal levels following the recession. Turkey's public sector debt to GDP ratio has fallen to roughly 40%. Continued strong growth has pushed inflation to the 8% level, however, and worsened an already high current account deficit. Turkey remains dependent on often volatile, short-term investment to finance its large trade deficit. The stock value of FDI stood at $99 billion at year-end 2011. Inflows have slowed considerably in light of continuing economic turmoil in Europe, the source of much of Turkey's FDI. Further economic and judicial reforms and prospective EU membership are expected to boost Turkey's attractiveness to foreign investors. However, 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 "23" to "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.

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.  ( 100 % )

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

:

2.500

 

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) 

910.253.303 TL

(01.01-30.09.2012) 

 

 

 

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.

 

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)

309.980.658 TL

(01.01-30.09.2012)

 

 

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

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  2011. There appears an upwards trend in  1.1 - 30.9.2012.

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

:

 

(2008) TL

(2009) TL

(2010) TL

(2011) TL

(01.01-30.09.2012) TL

Net Sales

619.623.532

817.123.905

812.473.113

1.108.421.059

910.253.303

Profit (Loss) Before Tax

-25.831.319

112.823.281

22.911.027

-2.753.839

110.476.424

Stockholders' Equity

27.509.716

448.194.884

472.357.931

469.546.679

580.023.103

Total Assets

363.693.843

688.675.056

879.605.683

1.264.781.353

1.411.172.079

Current Assets

254.957.195

330.462.383

376.824.266

638.447.081

736.556.061

Non-Current Assets

108.736.648

358.212.673

502.781.417

626.334.272

674.616.018

Current Liabilities

176.484.408

164.247.149

116.496.715

426.246.170

246.353.155

Long-Term Liabilities

159.699.719

76.233.023

290.751.037

368.988.504

584.795.821

Gross Profit (loss)

161.775.638

296.493.200

255.428.221

313.749.651

275.858.294

Operating Profit (loss)

42.511.927

145.298.865

41.531.729

82.655.204

110.065.230

Net Profit (loss)

-25.831.319

94.649.001

17.806.249

-2.811.253

110.476.424

 

 

COMMENT ON FINANCIAL POSITION

 

Capitalization

Satisfactory As of 30.09.2012

Liquidity

Insufficient As of 30.09.2012

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

Good Operating Profitability  in 2008

Net Loss  in 2008

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 (01.01-30.09.2012)

High Net Profitability (01.01-30.09.2012)

 

Gap between average collection and payable periods

Unfavorable in 01.01-30.09.2012

General Financial Position

Passable

 

 

Incr. in producers’ price index

 

Average USD/TL

Average EUR/TL

Average GBP/ TL

 ( 1998 )

54,30 %

0,2657

0,2967

0,4410

 ( 1999 )

62,90 %

0,4278

0,4518

0,6843

 ( 2000 )

32,70 %

0,6251

0,5774

0,9480

 ( 2001 )

88,60 %

1,1991

1,0714

1,7300

 ( 2002 )

30,80 %

1,5168

1,3741

2,2001

 ( 2003 )

13,90 %

1,5302

1,7141

2,4982

 ( 2004 )

13,84 %

1,4266

1,7666

2,6001

 ( 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

 

BALANCE SHEETS

 

 

 ( 31.12.2008 )  TL

 

 ( 31.12.2009 )  TL

 

 ( 31.12.2010 )  TL

 

 ( 31.12.2011 )  TL

 

 ( 30.09.2012 )  TL

 

CURRENT ASSETS

254.957.195

0,70

330.462.383

0,48

376.824.266

0,43

638.447.081

0,50

736.556.061

0,52

Not Detailed Current Assets

0

0,00

0

0,00

0

0,00

0

0,00

0

0,00

Cash and Banks

53.226.688

0,15

50.354.131

0,07

43.534.668

0,05

26.480.366

0,02

5.987.716

0,00

Marketable Securities

0

0,00

0

0,00

0

0,00

0

0,00

0

0,00

Account Receivable

151.021.903

0,42

157.146.527

0,23

180.957.664

0,21

404.067.636

0,32

490.171.547

0,35

Other Receivable

844.954

0,00

17.415.181

0,03

972.005

0,00

960.915

0,00

11.633.939

0,01

Inventories

33.923.052

0,09

82.728.122

0,12

100.026.295

0,11

151.310.408

0,12

162.687.030

0,12

Advances Given

10.265.940

0,03

21.025.004

0,03

39.742.272

0,05

28.076.862

0,02

33.747.951

0,02

Accumulated Construction Expense

0

0,00

0

0,00

0

0,00

0

0,00

0

0,00

Other Current Assets

5.674.658

0,02

1.793.418

0,00

11.591.362

0,01

27.550.894

0,02

32.327.878

0,02

NON-CURRENT ASSETS

108.736.648

0,30

358.212.673

0,52

502.781.417

0,57

626.334.272

0,50

674.616.018

0,48

Not Detailed Non-Current Assets

0

0,00

0

0,00

0

0,00

0

0,00

0

0,00

Long-term Receivable

0

0,00

44.898.077

0,07

54.593.578

0,06

114.357.586

0,09

150.681.352

0,11

Financial Assets

75.032.447

0,21

63.309.213

0,09

125.227.196

0,14

126.892.955

0,10

130.994.012

0,09

Tangible Fixed Assets (net)

32.126.612

0,09

236.229.283

0,34

311.226.402

0,35

370.177.778

0,29

381.896.904

0,27

Intangible Assets

674.478

0,00

12.791.852

0,02

10.823.799

0,01

13.545.515

0,01

10.054.467

0,01

Deferred Tax Assets

0

0,00

0

0,00

0

0,00

0

0,00

0

0,00

Other Non-Current Assets

903.111

0,00

984.248

0,00

910.442

0,00

1.360.438

0,00

989.283

0,00

TOTAL ASSETS

363.693.843

1,00

688.675.056

1,00

879.605.683

1,00

1.264.781.353

1,00

1.411.172.079

1,00

CURRENT LIABILITIES

176.484.408

0,49

164.247.149

0,24

116.496.715

0,13

426.246.170

0,34

246.353.155

0,17

Not Detailed Current Liabilities

0

0,00

0

0,00

0

0,00

0

0,00

0

0,00

Financial Loans

131.574.250

0,36

125.887.313

0,18

72.761.208

0,08

347.725.109

0,27

158.885.318

0,11

Accounts Payable

29.385.380

0,08

20.893.576

0,03

16.017.361

0,02

39.186.150

0,03

60.745.969

0,04

Loans from Shareholders

65.613

0,00

55.721

0,00

504.932

0,00

795.787

0,00

295.787

0,00

Other Short-term Payable

667.953

0,00

1.387.087

0,00

1.479.758

0,00

1.951.516

0,00

2.924.683

0,00

Advances from Customers

0

0,00

0

0,00

0

0,00

0

0,00

0

0,00

Accumulated Construction Income

0

0,00

0

0,00

0

0,00

0

0,00

0

0,00

Taxes Payable

905.674

0,00

6.110.591

0,01

2.208.352

0,00

4.107.878

0,00

9.616.091

0,01

Provisions

12.603.861

0,03

8.629.046

0,01

22.005.161

0,03

29.116.406

0,02

10.638.583

0,01

Other Current Liabilities

1.281.677

0,00

1.283.815

0,00

1.519.943

0,00

3.363.324

0,00

3.246.724

0,00

LONG-TERM LIABILITIES

159.699.719

0,44

76.233.023

0,11

290.751.037

0,33

368.988.504

0,29

584.795.821

0,41

Not Detailed Long-term Liabilities

0

0,00

0

0,00

0

0,00

0

0,00

0

0,00

Financial Loans

159.699.719

0,44

76.233.023

0,11

290.751.037

0,33

368.988.504

0,29

584.795.821

0,41

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

27.509.716

0,08

448.194.884

0,65

472.357.931

0,54

469.546.679

0,37

580.023.103

0,41

Not Detailed Stockholders' Equity

0

0,00

0

0,00

0

0,00

0

0,00

0

0,00

Paid-in Capital

24.000.000

0,07

145.167.908

0,21

240.000.000

0,27

240.000.000

0,19

240.000.000

0,17

Cross Shareholding Adjustment of Capital

0

0,00

0

0,00

0

0,00

0

0,00

0

0,00

Inflation Adjustment of Capital

5.702.607

0,02

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

40.197.816

0,11

155.991.736

0,23

250.640.736

0,28

268.446.986

0,21

268.446.986

0,19

Revaluation Fund

0

0,00

88.475.293

0,13

0

0,00

0

0,00

0

0,00

Accumulated Losses(-)

-16.559.388

-0,05

-45.288.118

-0,07

-45.288.118

-0,05

-45.288.118

-0,04

-48.099.371

-0,03

Net Profit (loss)

-25.831.319

-0,07

94.649.001

0,14

17.806.249

0,02

-2.811.253

0,00

110.476.424

0,08

TOTAL LIABILITIES AND EQUITY

363.693.843

1,00

688.675.056

1,00

879.605.683

1,00

1.264.781.353

1,00

1.411.172.079

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. 

 

At the last income statement TL 121.023.065 of the other income is due to "Profit from Foreign Currency Exchange".                                                                                         

At the last income statement TL 56.525.741 of the other expenses is due to "Loss from Foreign Currency Exchange" .                                                                

 

 

INCOME STATEMENTS

 

 

(2008) TL

 

(2009) TL

 

(2010) TL

 

(2011) TL

 

(01.01-30.09.2012) TL

 

Net Sales

619.623.532

1,00

817.123.905

1,00

812.473.113

1,00

1.108.421.059

1,00

910.253.303

1,00

Cost of Goods Sold

457.847.894

0,74

520.630.705

0,64

557.044.892

0,69

794.671.408

0,72

634.395.009

0,70

Gross Profit

161.775.638

0,26

296.493.200

0,36

255.428.221

0,31

313.749.651

0,28

275.858.294

0,30

Operating Expenses

119.263.711

0,19

151.194.335

0,19

213.896.492

0,26

231.094.447

0,21

165.793.064

0,18

Operating Profit

42.511.927

0,07

145.298.865

0,18

41.531.729

0,05

82.655.204

0,07

110.065.230

0,12

Other Income

10.746.345

0,02

21.496.038

0,03

32.749.387

0,04

88.881.711

0,08

129.033.719

0,14

Other Expenses

6.583.882

0,01

24.009.910

0,03

27.458.226

0,03

22.746.466

0,02

60.433.665

0,07

Financial Expenses

72.505.709

0,12

29.961.712

0,04

23.911.863

0,03

151.544.288

0,14

68.188.860

0,07

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

-25.831.319

-0,04

112.823.281

0,14

22.911.027

0,03

-2.753.839

0,00

110.476.424

0,12

Tax Payable

0

0,00

18.174.280

0,02

5.104.778

0,01

57.414

0,00

0

0,00

Postponed Tax Gain

0

0,00

0

0,00

0

0,00

0

0,00

0

0,00

Net Profit (loss)

-25.831.319

-0,04

94.649.001

0,12

17.806.249

0,02

-2.811.253

0,00

110.476.424

0,12

 

 

FINANCIAL RATIOS

 

 

(2008)

(2009)

(2010)

(2011)

(01.01-30.09.2012)

LIQUIDITY RATIOS

 

Current Ratio

1,44

2,01

3,23

1,50

2,99

Acid-Test Ratio

1,16

1,37

1,94

1,01

2,06

Cash Ratio

0,30

0,31

0,37

0,06

0,02

ASSET STRUCTURE RATIOS

 

Inventory/Total Assets

0,09

0,12

0,11

0,12

0,12

Short-term Receivable/Total Assets

0,42

0,25

0,21

0,32

0,36

Tangible Assets/Total Assets

0,09

0,34

0,35

0,29

0,27

TURNOVER RATIOS

 

Inventory Turnover

13,50

6,29

5,57

5,25

3,90

Stockholders' Equity Turnover

22,52

1,82

1,72

2,36

1,57

Asset Turnover

1,70

1,19

0,92

0,88

0,65

FINANCIAL STRUCTURE

 

Stockholders' Equity/Total Assets

0,08

0,65

0,54

0,37

0,41

Current Liabilities/Total Assets

0,49

0,24

0,13

0,34

0,17

Financial Leverage

0,92

0,35

0,46

0,63

0,59

Gearing Percentage

12,22

0,54

0,86

1,69

1,43

PROFITABILITY RATIOS

 

Net Profit/Stockholders' Eq.

-0,94

0,21

0,04

-0,01

0,19

Operating Profit Margin

0,07

0,18

0,05

0,07

0,12

Net Profit Margin

-0,04

0,12

0,02

0,00

0,12

Interest Cover

0,64

4,77

1,96

0,98

2,62

COLLECTION-PAYMENT

 

Average Collection Period (days)

87,74

89,01

104,37

168,38

253,45

Average Payable Period (days)

23,11

14,45

10,35

17,75

34,47

WORKING CAPITAL

78472787,00

166215234,00

260327551,00

212200911,00

490202906,00

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

FOREIGN EXCHANGE RATES

 

Currency
Unit

Indian Rupees

US Dollar

1

Rs.54.48

UK Pound

1

Rs.82.72

Euro

1

Rs.71.27

 

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%)

 

 

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.