|
Report Date : |
23.03.2013 |
IDENTIFICATION DETAILS
|
Name : |
MARMARA METAL MAMULLERI TICARET A.S. |
|
|
|
|
Formerly Known as: |
Marmara Metal Mamulleri Ticaret Ltd. Sti. |
|
|
|
|
Registered Office : |
Istasyon Mah. E-5 Ustu Fatih Otagi Sok. Ernak Garaj Yani Tuzla
Istanbul |
|
|
|
|
Country : |
Turkey |
|
|
|
|
Financials (as on) : |
2012 |
|
|
|
|
Date of Incorporation : |
02.01.1995 |
|
|
|
|
Com. Reg. No.: |
15204-8 |
|
|
|
|
Legal Form : |
Joint Stock Company |
|
|
|
|
Line of Business : |
Mining, manufacture and trade of cast raw materials, ferrous and non
ferrous materials, hematite pig iron, nodular pig iron, refractory, recarburizers,
petroleum cokes and other alloy materials |
|
|
|
|
No. of Employees : |
81 |
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 : |
Usually 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 |
|
NAME |
: |
MARMARA METAL MAMULLERI TICARET A.S. |
|
HEAD OFFICE ADDRESS |
: |
Istasyon Mah. E-5 Ustu Fatih Otagi Sok. Ernak Garaj Yani Tuzla
Istanbul / Turkey |
|
PHONE NUMBER |
: |
90-216-447 29 55 (pbx) |
|
FAX NUMBER |
: |
90-216-447 29 69 66 |
|
WEB-ADDRESS |
: |
|
|
E-MAIL |
: |
|
TAX OFFICE |
: |
Buyuk Mukellefler |
||||||||||||||||||||||||||||||||
|
TAX NO |
: |
6120568270 |
||||||||||||||||||||||||||||||||
|
REGISTRATION NUMBER |
: |
15204-8 |
||||||||||||||||||||||||||||||||
|
REGISTERED OFFICE |
: |
Istanbul Chamber of Commerce |
||||||||||||||||||||||||||||||||
|
DATE ESTABLISHED |
: |
02.01.1995 |
||||||||||||||||||||||||||||||||
|
ESTABLISHMENT GAZETTE DATE/NO |
: |
09.01.1995/3699 |
||||||||||||||||||||||||||||||||
|
LEGAL FORM |
: |
Joint Stock Company |
||||||||||||||||||||||||||||||||
|
TYPE OF COMPANY |
: |
Private |
||||||||||||||||||||||||||||||||
|
REGISTERED CAPITAL |
: |
TL 54.750.000 |
||||||||||||||||||||||||||||||||
|
PAID-IN CAPITAL |
: |
TL 54.750.000 |
||||||||||||||||||||||||||||||||
|
HISTORY |
: |
|
||||||||||||||||||||||||||||||||
|
SHAREHOLDERS |
: |
|
||||||||||||
|
SISTER COMPANIES |
: |
ANALIZ KIMYA SANAYI VE DIS TICARET LTD. STI. ATACELIK YAPI URETIM A.S. EBRU TEKSTIL CELIK SANAYI VE TICARET A.S. EBRU TEKSTIL NAKIS SANAYI VE TICARET LTD. STI. EBRU TRIKO SANAYI VE TICARET A.S. MAR TAS TRAVERTEN MERMER INSAAT SANAYI VE TICARET LTD. STI. MARMARA MINERAL METAL DIS TICARET LTD. STI. ZRG ENERJI VE DIS TICARET LTD. STI. |
||||||||||||
|
SUBSIDIARIES |
: |
ANALIZ KIMYA SANAYI VE DIS TICARET LTD. STI. ( 25 % ) MARMARA MINERAL METAL DIS TICARET LTD. STI. ( 25 % ) |
||||||||||||
|
BOARD OF DIRECTORS |
: |
|
||||||||||||
|
DIRECTORS |
: |
|
|
BUSINESS ACTIVITIES |
: |
Mining, manufacture and trade of cast raw materials, ferrous and non
ferrous materials, hematite pig iron, nodular pig iron, refractory, recarburizers,
petroleum cokes and other alloy materials.
|
||||||||||||||||||||||||||
|
NACE CODE |
: |
DJ.27.10 |
||||||||||||||||||||||||||
|
REPRESENTATIVE OF |
: |
Eastlink (U.K.) Eramet (France) Snam Alloys (India) |
||||||||||||||||||||||||||
|
NUMBER OF EMPLOYEES |
: |
81 |
||||||||||||||||||||||||||
|
NET SALES |
: |
|
||||||||||||||||||||||||||
|
IMPORT VALUE |
: |
|
||||||||||||||||||||||||||
|
IMPORT COUNTRIES |
: |
Russia India China U.S.A. Iran Brazil Netherlands Ukraine |
||||||||||||||||||||||||||
|
MERCHANDISE IMPORTED |
: |
Carbon granules Coal Metalic silica Nickel Pig iron Resin |
||||||||||||||||||||||||||
|
EXPORT VALUE |
: |
|
||||||||||||||||||||||||||
|
EXPORT COUNTRIES |
: |
China Jordan Syria Pakistan Brazil Germany Belgium Greece Iran Egypt India Senegal Malaysia Tunisia Ukraine Saudi Arabia |
||||||||||||||||||||||||||
|
MERCHANDISE EXPORTED |
: |
Chromium ore Ferro-alloys Manganese ore |
||||||||||||||||||||||||||
|
HEAD OFFICE ADDRESS |
: |
Istasyon Mah. E-5 Ustu Fatih Otagi Sok. Ernak Garaj Yani Tuzla Istanbul / Turkey ( owned ) |
||||||||||||||||||||||||||
|
BRANCHES |
: |
Warehouse : Doganlar Mah. 1500/1 Sokak No:14 Bornova
Izmir/Turkey (owned) (6.000 sqm) Warehouse : Dokumculer Sitesi 10. Sok. No: 135 Sincan
Ankara/Turkey (rented) (1.500 sqm) Warehouse : Fevzi Cakmak Mah. Efe Diyari Sok. No: 1
Karatay Konya/Turkey (rented) (2.000 sqm) Processing Plant : Basbuyuk Koyu Pafta No: 58I38A3 Sivas/Turkey
Head Office/Production Plant
: Istasyon Mah. E-5 Ustu Fatih
Otagi Sok. Ernak Garaj Yani Tuzla Istanbul/Turkey (owned) (94.000 sqm) |
|
TREND OF BUSINESS |
: |
There was a decline at business volume in nominal terms in 2012. |
|
SIZE OF BUSINESS |
: |
Giant |
|
MAIN DEALING BANKS |
: |
Akbank Pendik Branch Halk Bankasi Dolayoba Branch T. Is Bankasi Gebze Kurumsal Branch Yapi ve Kredi Bankasi Pendik E-5 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 |
: |
|
|
Capitalization |
Low As of 31.12.2011 |
|
Liquidity |
High As of 31.12.2011 |
|
Remarks On Liquidity |
The unfavorable gap between average collection and average payable period
has an adverse effect on liquidity. |
|
Profitability |
Fair Operating Profitability in
2008 Fair Net Profitability in 2008 Fair Operating Profitability in
2009 In Order Net Profitability in
2009 In Order Operating Profitability
in 2010 Fair Net Profitability in 2010 In Order Operating Profitability
in 2011 Low Net Profitability in 2011 Good Operating Profitability in
2012 In Order Net Profitability in
2012 |
|
Gap between average collection and payable periods |
Unfavorable in 2011 |
|
General Financial Position |
Passable |
|
|
Incr. in producers’ price index |
Average USD/TL |
Average EUR/TL |
Average GBP/ TL |
|
( 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 |
|
( 01.01-30.09.2009) |
3,60 % |
1,5624 |
2,1386 |
2,3953 |
|
( 2009 ) |
5,93 % |
1,5460 |
2,1529 |
2,4094 |
|
( 2010 ) |
8,87 % |
1,5128 |
2,0096 |
2,3410 |
|
( 2011 ) |
13,33 % |
1,6797 |
2,3378 |
2,6863 |
|
( 2012 ) |
2,45 % |
1,7995 |
2,3265 |
2,8593 |
|
( 01.01-28.02.2013) |
-0,31 % |
1,7828 |
2,3690 |
2,8041 |
|
|
( 31.12.2008 ) TL Thousand |
|
( 31.12.2009 ) TL Thousand |
|
( 31.12.2010 ) TL |
|
( 31.12.2011 ) TL |
|
|
CURRENT ASSETS |
108.454 |
0,69 |
177.353 |
0,73 |
294.180.539 |
0,81 |
571.092.153 |
0,80 |
|
Not Detailed Current Assets |
0 |
0,00 |
0 |
0,00 |
0 |
0,00 |
0 |
0,00 |
|
Cash and Banks |
77.653 |
0,49 |
123.752 |
0,51 |
142.776.806 |
0,39 |
281.869.108 |
0,40 |
|
Marketable Securities |
0 |
0,00 |
0 |
0,00 |
38.357.643 |
0,11 |
74.404.554 |
0,10 |
|
Account Receivable |
17.376 |
0,11 |
29.207 |
0,12 |
51.595.176 |
0,14 |
154.062.393 |
0,22 |
|
Other Receivable |
234 |
0,00 |
207 |
0,00 |
21.230.050 |
0,06 |
5.242 |
0,00 |
|
Inventories |
12.551 |
0,08 |
20.615 |
0,09 |
33.535.229 |
0,09 |
47.791.623 |
0,07 |
|
Advances Given |
0 |
0,00 |
0 |
0,00 |
0 |
0,00 |
9.751.685 |
0,01 |
|
Accumulated Construction Expense |
0 |
0,00 |
0 |
0,00 |
0 |
0,00 |
0 |
0,00 |
|
Other Current Assets |
640 |
0,00 |
3.572 |
0,01 |
6.685.635 |
0,02 |
3.207.548 |
0,00 |
|
NON-CURRENT ASSETS |
49.095 |
0,31 |
64.894 |
0,27 |
68.289.590 |
0,19 |
140.784.840 |
0,20 |
|
Not Detailed Non-Current Assets |
0 |
0,00 |
0 |
0,00 |
0 |
0,00 |
0 |
0,00 |
|
Long-term Receivable |
4.259 |
0,03 |
2.804 |
0,01 |
2.667.896 |
0,01 |
2.595.781 |
0,00 |
|
Financial Assets |
77 |
0,00 |
77 |
0,00 |
3.077.037 |
0,01 |
3.077.037 |
0,00 |
|
Tangible Fixed Assets (net) |
34.258 |
0,22 |
37.082 |
0,15 |
37.047.619 |
0,10 |
113.401.015 |
0,16 |
|
Intangible Assets |
10.285 |
0,07 |
24.021 |
0,10 |
25.392.354 |
0,07 |
21.642.634 |
0,03 |
|
Deferred Tax Assets |
0 |
0,00 |
0 |
0,00 |
0 |
0,00 |
0 |
0,00 |
|
Other Non-Current Assets |
216 |
0,00 |
910 |
0,00 |
104.684 |
0,00 |
68.373 |
0,00 |
|
TOTAL ASSETS |
157.549 |
1,00 |
242.247 |
1,00 |
362.470.129 |
1,00 |
711.876.993 |
1,00 |
|
CURRENT LIABILITIES |
41.691 |
0,26 |
61.035 |
0,25 |
113.259.585 |
0,31 |
250.088.659 |
0,35 |
|
Not Detailed Current Liabilities |
0 |
0,00 |
0 |
0,00 |
3.430 |
0,00 |
0 |
0,00 |
|
Financial Loans |
33.108 |
0,21 |
60.011 |
0,25 |
106.714.185 |
0,29 |
235.300.363 |
0,33 |
|
Accounts Payable |
8.444 |
0,05 |
870 |
0,00 |
5.978.071 |
0,02 |
13.029.871 |
0,02 |
|
Loans from Shareholders |
0 |
0,00 |
0 |
0,00 |
0 |
0,00 |
0 |
0,00 |
|
Other Short-term Payable |
7 |
0,00 |
64 |
0,00 |
51.004 |
0,00 |
528.740 |
0,00 |
|
Advances from Customers |
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 |
|
Taxes Payable |
31 |
0,00 |
23 |
0,00 |
30.866 |
0,00 |
1.074.769 |
0,00 |
|
Provisions |
101 |
0,00 |
64 |
0,00 |
482.029 |
0,00 |
148.351 |
0,00 |
|
Other Current Liabilities |
0 |
0,00 |
3 |
0,00 |
0 |
0,00 |
6.565 |
0,00 |
|
LONG-TERM LIABILITIES |
52.721 |
0,33 |
108.668 |
0,45 |
169.885.386 |
0,47 |
338.022.027 |
0,47 |
|
Not Detailed Long-term Liabilities |
0 |
0,00 |
0 |
0,00 |
0 |
0,00 |
0 |
0,00 |
|
Financial Loans |
52.721 |
0,33 |
108.668 |
0,45 |
169.526.199 |
0,47 |
337.940.061 |
0,47 |
|
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 |
81.966 |
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 |
359.187 |
0,00 |
0 |
0,00 |
|
Provisions |
0 |
0,00 |
0 |
0,00 |
0 |
0,00 |
0 |
0,00 |
|
STOCKHOLDERS' EQUITY |
63.137 |
0,40 |
72.544 |
0,30 |
79.325.158 |
0,22 |
123.766.307 |
0,17 |
|
Not Detailed Stockholders' Equity |
0 |
0,00 |
0 |
0,00 |
0 |
0,00 |
0 |
0,00 |
|
Paid-in Capital |
50.000 |
0,32 |
50.000 |
0,21 |
54.750.000 |
0,15 |
54.750.000 |
0,08 |
|
Cross Shareholding Adjustment of Capital |
0 |
0,00 |
0 |
0,00 |
0 |
0,00 |
0 |
0,00 |
|
Inflation Adjustment of Capital |
2.295 |
0,01 |
2.295 |
0,01 |
2.294.826 |
0,01 |
2.294.826 |
0,00 |
|
Equity of Consolidated Firms |
0 |
0,00 |
0 |
0,00 |
0 |
0,00 |
0 |
0,00 |
|
Reserves |
7.364 |
0,05 |
16.265 |
0,07 |
16.195.573 |
0,04 |
61.987.748 |
0,09 |
|
Revaluation Fund |
0 |
0,00 |
0 |
0,00 |
0 |
0,00 |
0 |
0,00 |
|
Accumulated Losses(-) |
-696 |
0,00 |
-696 |
0,00 |
-695.718 |
0,00 |
-695.719 |
0,00 |
|
Net Profit (loss) |
4.174 |
0,03 |
4.680 |
0,02 |
6.780.477 |
0,02 |
5.429.452 |
0,01 |
|
TOTAL LIABILITIES AND EQUITY |
157.549 |
1,00 |
242.247 |
1,00 |
362.470.129 |
1,00 |
711.876.993 |
1,00 |
|
REMARKS ON FINANCIAL STATEMENT |
: |
The income statement of 2012 has not become certain yet. 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 41.582.044 of the other income is due
to "Profit from Foreign Currency Exchange". At the last income statement, TL 32.822.114 of the other income is due
to "Profit on Sale of Marketable Securities" . At the last income statement TL 36.524.589 of the other expenses is
due to "Loss from Foreign Currency Exchange" . At the last income statement TL 32.079.403 of the other expenses is
due to "Marketable Securities Sales Loss". |
|
|
(2008) TL
Thousand |
|
(2009) TL
Thousand |
|
(2010) TL |
|
(2011) TL |
|
(2012) TL |
|
|
Net Sales |
275.357 |
1,00 |
180.157 |
1,00 |
326.791.065 |
1,00 |
576.175.494 |
1,00 |
346.495.986 |
1,00 |
|
Cost of Goods Sold |
260.567 |
0,95 |
168.231 |
0,93 |
302.311.886 |
0,93 |
531.732.262 |
0,92 |
304.569.338 |
0,88 |
|
Gross Profit |
14.790 |
0,05 |
11.926 |
0,07 |
24.479.179 |
0,07 |
44.443.232 |
0,08 |
41.926.648 |
0,12 |
|
Operating Expenses |
7.631 |
0,03 |
7.262 |
0,04 |
9.930.564 |
0,03 |
16.830.846 |
0,03 |
18.870.738 |
0,05 |
|
Operating Profit |
7.159 |
0,03 |
4.664 |
0,03 |
14.548.615 |
0,04 |
27.612.386 |
0,05 |
23.055.910 |
0,07 |
|
Other Income |
10.656 |
0,04 |
14.915 |
0,08 |
26.140.487 |
0,08 |
219.529.053 |
0,38 |
93.106.760 |
0,27 |
|
Other Expenses |
8.734 |
0,03 |
9.021 |
0,05 |
21.961.423 |
0,07 |
220.654.246 |
0,38 |
69.127.149 |
0,20 |
|
Financial Expenses |
3.819 |
0,01 |
4.676 |
0,03 |
10.131.397 |
0,03 |
19.251.220 |
0,03 |
33.914.612 |
0,10 |
|
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 |
5.262 |
0,02 |
5.882 |
0,03 |
8.596.282 |
0,03 |
7.235.973 |
0,01 |
13.120.909 |
0,04 |
|
Tax Payable |
1.088 |
0,00 |
1.202 |
0,01 |
1.815.805 |
0,01 |
1.806.521 |
0,00 |
2.686.370 |
0,01 |
|
Postponed Tax Gain |
0 |
0,00 |
0 |
0,00 |
0 |
0,00 |
0 |
0,00 |
0 |
0,00 |
|
Net Profit (loss) |
4.174 |
0,02 |
4.680 |
0,03 |
6.780.477 |
0,02 |
5.429.452 |
0,01 |
10.434.539 |
0,03 |
|
|
(2008) |
(2009) |
(2010) |
(2011) |
|
LIQUIDITY RATIOS |
|
|
||
|
Current Ratio |
2,60 |
2,91 |
2,60 |
2,28 |
|
Acid-Test Ratio |
2,28 |
2,51 |
2,24 |
2,04 |
|
Cash Ratio |
1,86 |
2,03 |
1,60 |
1,42 |
|
ASSET STRUCTURE RATIOS |
|
|
||
|
Inventory/Total Assets |
0,08 |
0,09 |
0,09 |
0,07 |
|
Short-term Receivable/Total Assets |
0,11 |
0,12 |
0,20 |
0,22 |
|
Tangible Assets/Total Assets |
0,22 |
0,15 |
0,10 |
0,16 |
|
TURNOVER RATIOS |
|
|
||
|
Inventory Turnover |
20,76 |
8,16 |
9,01 |
11,13 |
|
Stockholders' Equity Turnover |
4,36 |
2,48 |
4,12 |
4,66 |
|
Asset Turnover |
1,75 |
0,74 |
0,90 |
0,81 |
|
FINANCIAL STRUCTURE |
|
|
||
|
Stockholders' Equity/Total Assets |
0,40 |
0,30 |
0,22 |
0,17 |
|
Current Liabilities/Total Assets |
0,26 |
0,25 |
0,31 |
0,35 |
|
Financial Leverage |
0,60 |
0,70 |
0,78 |
0,83 |
|
Gearing Percentage |
1,50 |
2,34 |
3,57 |
4,75 |
|
PROFITABILITY RATIOS |
|
|
||
|
Net Profit/Stockholders' Eq. |
0,07 |
0,06 |
0,09 |
0,04 |
|
Operating Profit Margin |
0,03 |
0,03 |
0,04 |
0,05 |
|
Net Profit Margin |
0,02 |
0,03 |
0,02 |
0,01 |
|
Interest Cover |
2,38 |
2,26 |
1,85 |
1,38 |
|
COLLECTION-PAYMENT |
|
|
||
|
Average Collection Period (days) |
28,29 |
63,97 |
59,78 |
97,88 |
|
Average Payable Period (days) |
11,67 |
1,86 |
7,12 |
8,88 |
|
WORKING CAPITAL |
66763,00 |
116318,00 |
180920954,00 |
321003494,00 |
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.54.34 |
|
UK Pound |
1 |
Rs.82.56 |
|
Euro |
1 |
Rs.70.10 |
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
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.