MIRA INFORM REPORT

 

 

Report Date :

13.03.2013

 

IDENTIFICATION DETAILS

 

Name :

ABDI IBRAHIM ILAC SANAYI VE TICARET A.S.

 

 

Registered Office :

Resitpasa Mah. Eski Buyukdere Cad. No:4 34467 Maslak Istanbul

 

 

Country :

Turkey

 

 

Financials (as on) :

31.12.2011

 

 

Date of Incorporation :

20.12.1974

 

 

Com. Reg. No.:

130296

 

 

Legal Form :

Joint Stock Company

 

 

Line of Business :

Manufacture and trade of medicine.

 

 

No. of Employees :

1.100

 

RATING & COMMENTS

 

MIRA’s Rating :

B

 

RATING

STATUS

 

 

PROPOSED CREDIT LINE

26-40

B

Capability to overcome financial difficulties seems comparatively below average.

Small

 

Status :

Moderate

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

:

ABDI IBRAHIM ILAC SANAYI VE TICARET A.S.

HEAD OFFICE ADDRESS

:

Resitpasa Mah. Eski Buyukdere Cad. No:4 34467 Maslak Istanbul / Turkey

PHONE NUMBER

:

90-212-366 84 00

 

FAX NUMBER

:

90-212-286 91 77

 

WEB-ADDRESS

:

www.abdiibrahim.com.tr

E-MAIL

:

info@abdiibrahim.com.tr

 

LEGAL STATUS AND HISTORY

 

 

TAX OFFICE

:

Buyuk Mukellefler 

TAX NO

:

0010052149

REGISTRATION NUMBER

:

130296

REGISTERED OFFICE

:

Istanbul Chamber of Commerce

DATE ESTABLISHED

:

20.12.1974

ESTABLISHMENT GAZETTE DATE/NO

:

08.01.1975/44

LEGAL FORM

:

Joint Stock Company

TYPE OF COMPANY

:

Private

REGISTERED CAPITAL

:

TL   146.089.555

PAID-IN CAPITAL

:

TL   146.089.555

 

HISTORY

:

Previous Registered Capital

:

TL 1.500.000

Changed On

:

04.12.2002 (Commercial Gazette Date /Number 12.12.2002/ 5695)

Previous Registered Capital

:

TL 84.000.000

Changed On

:

10.07.2006 (Commercial Gazette Date /Number 13.07.2006/ 6598)

Previous Registered Capital

:

TL 105.000.000

Changed On

:

03.07.2009 (Commercial Gazette Date /Number 09.07.2009/ 7350)

Previous Registered Capital

:

TL 134.000.000

Changed On

:

15.03.2010 (Commercial Gazette Date /Number 19.03.2010/ 7525)

Previous Registered Capital

:

TL 137.300.000

Changed On

:

27.12.2010 (Commercial Gazette Date /Number 31.12.2010/ 7720)

Previous Registered Capital

:

TL 140.300.000

Changed On

:

30.05.2012 (Commercial Gazette Date /Number 05.06.2012/ 8083)

Previous Address

:

Kore Sehitleri Cad. No: 19 Zincirlikuyu - Istanbul

Changed On

:

10.09.2007 (Commercial Gazette Date /Number 13.09.2007/ 6894)

Merger

:

The subject took over and merged with "Mecom Saglik Urunleri Sanayi Ve Ticaret A.S."

Changed On

:

27.12.2010 (Commercial Gazette Date /Number 31.12.2010/ 7720)

 

OWNERSHIP / MANAGEMENT

 

 

SHAREHOLDERS

:

Abdi Ibrahim Holding A.S.

37,26 %

Nezih Barut

31,36 %

Nesrin Esirtgen

21,96 %

Ahmet Kamil Esirtgen

 

Ahmet Cenan Esirtgen

 

 

 

GROUP PARENT COMPANY

:

ABDI IBRAHIM HOLDING A.S.

 

 

SISTER COMPANIES

:

ABDI IBRAHIM GAYRIMENKUL YATIRIM TICARET VE SANAYI A.S.

ABDI IBRAHIM HOLDING A.S.

ABDI IBRAHIM ILAC PAZARLAMA A.S.

ABDICA ILAC SANAYI VE TICARET A.S.

AKFARMA ILAC SANAYI VE TICARET A.S.

AKTIVITA SAGLIK HIZMETLERI SANAYI VE TICARET A.S.

REFORMED ILAC SANAYI VE TICARET A.S.

TRIPHARMA ILAC SANAYI VE TICARET A.S.

 

SUBSIDIARIES

:

ABDI IBRAHIM ILAC PAZARLAMA A.S.

ABDI IBRAHIM INTERNATIONAL (Netherlands)

ABDI IBRAHIM PORTUGAL

AKTIVITA SAGLIK HIZMETLERI SANAYI VE TICARET A.S.  ( 4,99 % )

 

BOARD OF DIRECTORS

:

Nezih Barut

Chairman

Nesrin Esirtgen

Vice-Chairman

Erman Atasoy

Member

Ahmet Kamil Esirtgen

Member

 

 

DIRECTORS

:

Candan Karabagli                                                                                                                                                                                                                                                                                   

General Manager

 

OPERATIONS

 

 

BUSINESS ACTIVITIES

:

Manufacture and trade of medicine.

 

The firm has declared that, it has 11 branch offices in Turkey.

 

NACE CODE

:

DG.24.42

 

NUMBER OF EMPLOYEES

:

1.100

 

NET SALES

:

7.429.443 TL

(1996) 

14.896.572 TL

(1997) 

32.146.151 TL

(1998) 

55.880.736 TL

(1999) 

89.735.890 TL

(2000) 

150.952.892 TL

(2001) 

245.053.936 TL

(2002) 

360.461.836 TL

(2003) 

361.436.309 TL

(2004) 

424.215.258 TL

(2005) 

477.197.464 TL

(2006) 

507.652.466 TL

(2007) 

558.094.893 TL

(2008) 

487.703.518 TL

(2009) 

615.221.749 TL

(2010) 

685.592.582 TL

(2011) 

410.908.738 TL

(01.01-30.09.2012) 

 

 

 

IMPORT VALUE

:

206.984.226 USD

(2010)

181.487.732 USD

(2011)

 

 

IMPORT COUNTRIES

:

Switzerland

France

U.K.

Germany

Italy

 

MERCHANDISE IMPORTED

:

Medicine

Raw materials of medicine

 

EXPORT VALUE

:

125.499 USD

(1996)

240.934 USD

(1997)

556.389 USD

(1998)

667.689 TL

(1999)

540.637 TL

(2000)

4.647.292 TL

(2001)

7.015.320 TL

(2002)

11.406.659 TL

(2003)

17.198.013 TL

(2004)

21.479.103 TL

(2005)

17.107.424 TL

(2006)

23.538.042 TL

(2007)

44.860.587 TL

(2008)

36.333.585 TL

(2009)

40.201.707 TL

(2010)

46.843.965 TL

(2011)

24.346.857 TL

(01.01-30.09.2012)

 

 

EXPORT COUNTRIES

:

Northern Cyprus Turkish Republic

Libya

Algeria

Serbia

Uzbekistan

Kazakhstan

Russia

Ukraine

Switzerland

Denmark

Indonesia

Afghanistan

Yemen

Panama

Belize

Czech Republic

Netherlands

Iraq

 

MERCHANDISE  EXPORTED

:

Medicine

 

 

HEAD OFFICE ADDRESS

:

Resitpasa Mah. Eski Buyukdere Cad. No:4 34467 Maslak  Istanbul / Turkey

( owned )

 

BRANCHES

:

Factory  :  Hadimkoy Yolu Hosdere Mevkii Tunc Cad. No:3 Buyukcekmece Istanbul/Turkey (owned) (18.000 sqm)

 

Branch Office/Warehouse  :  Omerli Koyu Maltepe Mevkii Hadimkoy Istanbul/Turkey (rented)

                                                                                

 

 

TREND OF BUSINESS

:

Trend of business was steady in 2011. There appears a decline at business volume in nominal terms in 1.1 - 30.9.2012.

SIZE OF BUSINESS

:

Giant

 

 

FINANCE

 

 

MAIN DEALING BANKS

:

Akbank Istanbul Kurumsal Branch

T. Is Bankasi Maslak Branch

Turk Ekonomi Bankasi Gayrettepe Branch

 

CREDIT FACILITIES

:

The subject rarely makes 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

558.094.893

487.703.518

615.221.749

685.592.582

410.908.738

Profit (Loss) Before Tax

108.376.056

60.023.786

127.411.617

53.759.476

-107.960.160

Stockholders' Equity

447.075.463

440.656.941

496.070.497

373.282.537

 

Total Assets

511.079.893

497.180.696

586.618.890

523.597.355

 

Current Assets

364.366.348

377.846.936

475.362.000

364.895.644

 

Non-Current Assets

146.713.545

119.333.760

111.256.890

158.701.711

 

Current Liabilities

50.993.483

41.252.899

71.681.391

129.088.789

 

Long-Term Liabilities

13.010.947

15.270.856

18.867.002

21.226.029

 

Gross Profit (loss)

314.360.235

270.749.116

360.343.415

387.668.640

184.096.330

Operating Profit (loss)

104.186.291

60.116.393

121.008.709

74.667.014

-95.089.578

Net Profit (loss)

87.754.471

51.106.535

105.906.495

44.524.525

-107.960.160

 

COMMENT ON FINANCIAL POSITION

 

THE DETAILS OF THE CAPITAL INCREASE  AFTER LAST BALANCE SHEET

 

:

Cash Part

:

Equity Part

:5.789.555 TL

Payment Due Date

:30.05.2012

 

Capitalization

High

Remarks on Capitalization

A part of total liabilities and equity consist of loans from shareholders rather than liabilities to third parties indicating not too high indebtedness to third parties.

 

There has been capital increase and net loss after the last balance sheet date. The capital increase is expected to have less effect then the loss at the equity total since the last balance sheet date.

 

Liquidity

High As of 31.12.2011

Remarks On Liquidity

A part of current liabilities consist of short-term loans from shareholders rather than liabilities to third parties.

 

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

High Operating Profitability  in 2008

High Net Profitability  in 2008

High Operating Profitability  in 2009

High Net Profitability  in 2009

High Operating Profitability  in 2010

High Net Profitability  in 2010

High Operating Profitability  in 2011

High Net Profitability  in 2011

Operating Loss (01.01-30.09.2012)

Net Loss (01.01-30.09.2012)

 

Gap between average collection and payable periods

Unfavorable in 2011

General Financial Position

Unsatisfactory

 

 

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

 ( 2010 )

8,87 %

1,5128

2,0096

2,3410

 ( 01.01-30.09.2011)

9,72 %

1,6335

2,3016

2,6294

 ( 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

 ( 01.01-28.02.2013)

-0,31 %

1,7828

2,3690

2,8041

 

BALANCE SHEETS

 

 ( 31.12.2008 )  TL

 

 ( 31.12.2009 )  TL

 

 ( 31.12.2010 )  TL

 

 ( 31.12.2011 )  TL

 

 

 

CURRENT ASSETS

364.366.348

0,71

377.846.936

0,76

475.362.000

0,81

364.895.644

0,70

 

 

Not Detailed Current Assets

0

0,00

0

0,00

0

0,00

0

0,00

 

 

Cash and Banks

27.555.392

0,05

50.823.278

0,10

75.397.145

0,13

6.620.051

0,01

 

 

Marketable Securities

0

0,00

0

0,00

0

0,00

0

0,00

 

 

Account Receivable

284.641.317

0,56

235.381.607

0,47

297.768.015

0,51

224.588.204

0,43

 

 

Other Receivable

8.462.876

0,02

5.865.532

0,01

2.634.670

0,00

17.158.746

0,03

 

 

Inventories

34.071.152

0,07

72.534.753

0,15

80.862.729

0,14

98.845.771

0,19

 

 

Advances Given

499.495

0,00

725.973

0,00

5.805.733

0,01

6.788.711

0,01

 

 

Accumulated Construction Expense

0

0,00

0

0,00

0

0,00

0

0,00

 

 

Other Current Assets

9.136.116

0,02

12.515.793

0,03

12.893.708

0,02

10.894.161

0,02

 

 

NON-CURRENT ASSETS

146.713.545

0,29

119.333.760

0,24

111.256.890

0,19

158.701.711

0,30

 

 

Not Detailed Non-Current Assets

0

0,00

0

0,00

0

0,00

0

0,00

 

 

Long-term Receivable

85.836

0,00

55.282

0,00

56.278

0,00

4.972.056

0,01

 

 

Financial Assets

888.663

0,00

194.062

0,00

425.966

0,00

1.808.731

0,00

 

 

Tangible Fixed Assets (net)

137.422.614

0,27

99.094.141

0,20

70.740.400

0,12

91.696.836

0,18

 

 

Intangible Assets

8.011.865

0,02

19.853.203

0,04

40.030.207

0,07

60.224.088

0,12

 

 

Deferred Tax Assets

0

0,00

0

0,00

0

0,00

0

0,00

 

 

Other Non-Current Assets

304.567

0,00

137.072

0,00

4.039

0,00

0

0,00

 

 

TOTAL ASSETS

511.079.893

1,00

497.180.696

1,00

586.618.890

1,00

523.597.355

1,00

 

 

CURRENT LIABILITIES

50.993.483

0,10

41.252.899

0,08

71.681.391

0,12

129.088.789

0,25

 

 

Not Detailed Current Liabilities

0

0,00

0

0,00

0

0,00

0

0,00

 

 

Financial Loans

1.323.606

0,00

1.478.189

0,00

1.831.870

0,00

219.033

0,00

 

 

Accounts Payable

27.967.740

0,05

29.578.934

0,06

53.925.981

0,09

49.554.005

0,09

 

 

Loans from Shareholders

0

0,00

0

0,00

0

0,00

51.432.000

0,10

 

 

Other Short-term Payable

2.985.028

0,01

4.564

0,00

142.900

0,00

195.140

0,00

 

 

Advances from Customers

544.538

0,00

291.026

0,00

3.092

0,00

26.832

0,00

 

 

Accumulated Construction Income

0

0,00

0

0,00

0

0,00

0

0,00

 

 

Taxes Payable

17.262.191

0,03

4.531.904

0,01

8.084.564

0,01

8.803.025

0,02

 

 

Provisions

0

0,00

3.580.523

0,01

6.846.644

0,01

17.458.662

0,03

 

 

Other Current Liabilities

910.380

0,00

1.787.759

0,00

846.340

0,00

1.400.092

0,00

 

 

LONG-TERM LIABILITIES

13.010.947

0,03

15.270.856

0,03

18.867.002

0,03

21.226.029

0,04

 

 

Not Detailed Long-term Liabilities

0

0,00

0

0,00

0

0,00

0

0,00

 

 

Financial Loans

0

0,00

0

0,00

0

0,00

0

0,00

 

 

Securities Issued

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

 

 

Loans from Shareholders

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

 

 

Provisions

13.010.947

0,03

15.270.856

0,03

18.867.002

0,03

21.226.029

0,04

 

 

STOCKHOLDERS' EQUITY

447.075.463

0,87

440.656.941

0,89

496.070.497

0,85

373.282.537

0,71

 

 

Not Detailed Stockholders' Equity

0

0,00

0

0,00

0

0,00

0

0,00

 

 

Paid-in Capital

105.000.000

0,21

134.000.000

0,27

140.300.000

0,24

140.300.000

0,27

 

 

Cross Shareholding Adjustment of Capital

0

0,00

0

0,00

0

0,00

0

0,00

 

 

Inflation Adjustment of Capital

0

0,00

0

0,00

0

0,00

0

0,00

 

 

Equity of Consolidated Firms

0

0,00

0

0,00

0

0,00

0

0,00

 

 

Reserves

254.320.992

0,50

255.550.406

0,51

249.864.002

0,43

188.458.012

0,36

 

 

Revaluation Fund

0

0,00

0

0,00

0

0,00

0

0,00

 

 

Accumulated Losses(-)

0

0,00

0

0,00

0

0,00

0

0,00

 

 

Net Profit (loss)

87.754.471

0,17

51.106.535

0,10

105.906.495

0,18

44.524.525

0,09

 

 

TOTAL LIABILITIES AND EQUITY

511.079.893

1,00

497.180.696

1,00

586.618.890

1,00

523.597.355

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.

 

 

INCOME STATEMENTS

 

(2008) TL

 

(2009) TL

 

(2010) TL

 

(2011) TL

 

(01.01-30.09.2012) TL

 

Net Sales

558.094.893

1,00

487.703.518

1,00

615.221.749

1,00

685.592.582

1,00

410.908.738

1,00

Cost of Goods Sold

243.734.658

0,44

216.954.402

0,44

254.878.334

0,41

297.923.942

0,43

226.812.408

0,55

Gross Profit

314.360.235

0,56

270.749.116

0,56

360.343.415

0,59

387.668.640

0,57

184.096.330

0,45

Operating Expenses

210.173.944

0,38

210.632.723

0,43

239.334.706

0,39

313.001.626

0,46

279.185.908

0,68

Operating Profit

104.186.291

0,19

60.116.393

0,12

121.008.709

0,20

74.667.014

0,11

-95.089.578

-0,23

Other Income

22.817.633

0,04

15.970.342

0,03

27.795.306

0,05

50.322.764

0,07

12.932.445

0,03

Other Expenses

17.543.853

0,03

15.814.628

0,03

21.095.596

0,03

69.594.745

0,10

16.477.186

0,04

Financial Expenses

1.084.015

0,00

248.321

0,00

296.802

0,00

1.635.557

0,00

9.325.841

0,02

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

108.376.056

0,19

60.023.786

0,12

127.411.617

0,21

53.759.476

0,08

-107.960.160

-0,26

Tax Payable

20.621.585

0,04

8.917.251

0,02

21.505.122

0,03

9.234.951

0,01

0

0,00

Postponed Tax Gain

0

0,00

0

0,00

0

0,00

0

0,00

0

0,00

Net Profit (loss)

87.754.471

0,16

51.106.535

0,10

105.906.495

0,17

44.524.525

0,06

-107.960.160

-0,26

 

FINANCIAL RATIOS

 

(2008)

(2009)

(2010)

(2011)

 

LIQUIDITY RATIOS

 

 

Current Ratio

7,15

9,16

6,63

2,83

 

Acid-Test Ratio

6,29

7,08

5,24

1,92

 

Cash Ratio

0,54

1,23

1,05

0,05

 

ASSET STRUCTURE RATIOS

 

 

Inventory/Total Assets

0,07

0,15

0,14

0,19

 

Short-term Receivable/Total Assets

0,57

0,49

0,51

0,46

 

Tangible Assets/Total Assets

0,27

0,20

0,12

0,18

 

TURNOVER RATIOS

 

 

Inventory Turnover

7,15

2,99

3,15

3,01

 

Stockholders' Equity Turnover

1,25

1,11

1,24

1,84

 

Asset Turnover

1,09

0,98

1,05

1,31

 

FINANCIAL STRUCTURE

 

 

Stockholders' Equity/Total Assets

0,87

0,89

0,85

0,71

 

Current Liabilities/Total Assets

0,10

0,08

0,12

0,25

 

Financial Leverage

0,13

0,11

0,15

0,29

 

Gearing Percentage

0,14

0,13

0,18

0,40

 

PROFITABILITY RATIOS

 

 

Net Profit/Stockholders' Eq.

0,20

0,12

0,21

0,12

 

Operating Profit Margin

0,19

0,12

0,20

0,11

 

Net Profit Margin

0,16

0,10

0,17

0,06

 

Interest Cover

100,98

242,72

430,28

33,87

 

COLLECTION-PAYMENT

 

 

Average Collection Period (days)

183,66

173,79

174,27

120,54

 

Average Payable Period (days)

41,31

49,08

76,17

59,88

 

WORKING CAPITAL

313372865,00

336594037,00

403680609,00

235806855,00

 

 

 

                                                                                    

 

 

 

 

 

 

 

FOREIGN EXCHANGE RATES

 

Currency
Unit

Indian Rupees

US Dollar

1

Rs.54.33

UK Pound

1

Rs.80.89

Euro

1

Rs.70.73

 

INFORMATION DETAILS

 

Report Prepared by :

NLM

 

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.