|
Report Date : |
30.03.2013 |
IDENTIFICATION DETAILS
|
Name : |
ERK PAZARLAMA VE GIYIM SANAYI TICARET A.S. |
|
|
|
|
Formerly Known As : |
COLINS GIYIM SANAYI VE TICARET A.S. |
|
|
|
|
Registered Office : |
Zafer Mah. Cinar Sk. No:2 Kat:3
34194 Yenibosna Istanbul |
|
|
|
|
Country : |
Turkey |
|
|
|
|
Financials (as on) : |
31.12.2011 |
|
|
|
|
Date of Incorporation : |
12.06.1995 |
|
|
|
|
Com. Reg. No.: |
331393 |
|
|
|
|
Legal Form : |
Joint Stock Company |
|
|
|
|
Line of Business : |
Trade of ready-wear. |
|
|
|
|
No. of Employees : |
2.000 |
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 : |
No Complaints |
|
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 |
: |
ERK PAZARLAMA VE GIYIM SANAYI TICARET A.S. |
|
HEAD OFFICE ADDRESS |
: |
Zafer Mah. Cinar Sk. No:2 Kat:3
34194 Yenibosna Istanbul / Turkey |
|
PHONE NUMBER |
: |
90-212-552 12 12 |
|
FAX NUMBER |
: |
90-212-451 06 60 |
|
WEB-ADDRESS |
: |
www.colins.com.tr |
|
E-MAIL |
: |
info@colins.com.tr |
|
|
||
|
TAX OFFICE |
: |
Marmara Kurumlar |
|
TAX NO |
: |
2110058959 |
|
REGISTRATION NUMBER |
: |
331393 |
|
REGISTERED OFFICE |
: |
Istanbul Chamber of Commerce |
|
DATE ESTABLISHED |
: |
12.06.1995 |
|
ESTABLISHMENT GAZETTE DATE/NO |
: |
19.06.1995/3809 |
|
LEGAL FORM |
: |
Joint Stock Company |
|
TYPE OF COMPANY |
: |
Private |
|
REGISTERED CAPITAL |
: |
TL 93.331.000 |
|
PAID-IN CAPITAL |
: |
TL 93.331.000 |
|
HISTORY |
: |
|
|
|
||||||||||||||
|
SHAREHOLDERS |
: |
|
||||||||||||
|
GROUP PARENT COMPANY |
: |
EROGLU HOLDING A.S. |
||||||||||||
|
SISTER COMPANIES |
: |
AKKOM GAYRIMENKUL YONETIM VE DANISMANLIK A.S. AKKOM MUHENDISLIK INSAAT TURIZM SANAYI VE TICARET A.S. BETA TEKNOLOJI HIZMETLERI ENERJI SANAYI VE TICARET A.S. BORONKAY GAYRIMENKUL YATIRIM A.S. COLINS GMBH DNM TEKSTIL SANAYI VE TICARET A.S. ERCON OTO KIRALAMA VE TURIZM TICARET A.S. ERKANER MUHENDISLIK INSAAT TAAHHUT TURIZM SANAYI VE TICARET A.S. ERKE INSAAT SANAYI TURIZM YATIRIM VE TICARET A.S. ERKOT MUHENDISLIK INSAAT TAAHHUT TURIZM SANAYI VE TICARET A.S. ERKSE TEKSTIL PAZARLAMA VE TICARET A.S. ERMA MUHENDISLIK INSAAT TAAHHUT TURIZM SANAYI VE TICARET A.S. ERNE MUHENDISLIK TURIZM INSAAT TAAHHUT SANAYI VE TICARET A.S. EROGLU ENERJI ELEKTRIK URETIM SANAYI VE TICARET A.S. EROGLU GAYRIMENKUL YATIRIM GELISTIRME A.S. EROGLU GIYIM SANAYI TICARET A.S. EROGLU HOLDING A.S. EROGLU YAPI INSAAT VE GAYRIMENKUL GELISTIRME SANAYI VE TICARET A.S. ERPA HAZIR GIYIM IC VE DIS TICARET A.S. ERS ORME TEKSTIL SANAYI VE TICARET A.S. ERYAP MUHENDISLIK INSAAT TAAHHUT TURIZM SANAYI VE TICARET A.S. FAREL PAZARLAMA TURIZM ISLETMECILIGI VE GIDA SANAYI TICARET LTD. STI. FERA TEKSTIL PAZARLAMA SANAYI VE TICARET A.S. LOFT MAGAZACILIK A.S. NURER TEKSTIL PAZARLAMA VE TICARET A.S. RAN DIS TICARET KOLLEKTIF SIRKETI UMMET EROGLU VE ORTAGI SERVER TESIS YONETIM HIZMETLERI A.S. |
||||||||||||
|
SUBSIDIARIES |
: |
None |
||||||||||||
|
BOARD OF DIRECTORS |
: |
|
||||||||||||
|
DIRECTORS |
: |
|
||||||||||||
|
|
||
|
BUSINESS ACTIVITIES |
: |
Trade of ready-wear. The
subject has 140 stores. |
|
NACE CODE |
: |
G .52.42 |
|
SECTOR |
: |
Commerce |
|
TRADEMARKS TRADED |
: |
Colin’s |
|
NUMBER OF EMPLOYEES |
: |
2.000 |
|
NET SALES |
: |
|
||||||||||||||||||||||||
|
CAPACITY |
: |
None |
||||||||||||||||||||||||
|
PRODUCTION |
: |
None |
||||||||||||||||||||||||
|
IMPORT COUNTRIES |
: |
China India Korea Bangladesh |
||||||||||||||||||||||||
|
MERCHANDISE IMPORTED |
: |
Ready-wear |
||||||||||||||||||||||||
|
EXPORT VALUE |
: |
|
||||||||||||||||||||||||
|
EXPORT COUNTRIES |
: |
Russia Ukraine Germany France Kazakhstan Saudi Arabia Slovakia Lebanon |
||||||||||||||||||||||||
|
MERCHANDISE EXPORTED |
: |
Ready-wear |
||||||||||||||||||||||||
|
HEAD OFFICE ADDRESS |
: |
Zafer Mah. Cinar Sk. No:2 Kat:3
34194 Yenibosna Istanbul /
Turkey ( rented ) |
||||||||||||||||||||||||
|
BRANCHES |
: |
Warehouse : Firuzkoy Mah. Firuzkoy Bulvari No:216
Avcilar Istanbul/Turkey (rented) |
|
INVESTMENTS |
: |
None |
|
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 |
|
|
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
MAIN DEALING BANKS |
: |
Garanti Bankasi Avcilar Branch HSBC Bank Gunesli Kurumsal Branch ING Bank Beylikduzu Branch T.Is Bankasi Gunesli Kurumsal Branch Yapi ve Kredi Bankasi Gunesli 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 |
Fair As of 31.12.2011 |
|
Liquidity |
Good As of 31.12.2011 |
|
Profitability |
Good Operating Profitability in
2008 Net Loss in 2008 Good Operating Profitability in
2009 Fair Net Profitability in 2009 Low Operating Profitability in
2010 Low Net Profitability in 2010 Good Operating Profitability in
2011 Low Net Profitability in 2011 Fair Operating Profitability (01.01-30.09.2012) Fair Net Profitability (01.01-30.09.2012) |
|
Gap between average collection and payable periods |
Favorable in 2011 |
|
General Financial Position |
Satisfactory |
|
|
Incr. in producers’ price index |
Average USD/TL |
Average EUR/TL |
Average GBP/ TL |
|
( 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 |
|
( 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 |
156.256.963 |
0,77 |
145.727.877 |
0,70 |
184.952.075 |
0,71 |
230.245.088 |
0,72 |
|
|
|
Not Detailed Current Assets |
0 |
0,00 |
0 |
0,00 |
0 |
0,00 |
0 |
0,00 |
|
|
|
Cash and Banks |
46.116.253 |
0,23 |
20.594.223 |
0,10 |
26.306.349 |
0,10 |
26.174.627 |
0,08 |
|
|
|
Marketable Securities |
0 |
0,00 |
0 |
0,00 |
0 |
0,00 |
0 |
0,00 |
|
|
|
Account Receivable |
50.897.287 |
0,25 |
51.692.368 |
0,25 |
57.549.338 |
0,22 |
59.124.176 |
0,18 |
|
|
|
Other Receivable |
310.805 |
0,00 |
4.957.999 |
0,02 |
26.154.946 |
0,10 |
74.486.064 |
0,23 |
|
|
|
Inventories |
42.383.278 |
0,21 |
58.090.214 |
0,28 |
57.476.008 |
0,22 |
52.795.830 |
0,16 |
|
|
|
Advances Given |
13.143.000 |
0,06 |
1.352.723 |
0,01 |
3.917.774 |
0,02 |
7.028.671 |
0,02 |
|
|
|
Accumulated Construction Expense |
0 |
0,00 |
0 |
0,00 |
0 |
0,00 |
0 |
0,00 |
|
|
|
Other Current Assets |
3.406.340 |
0,02 |
9.040.350 |
0,04 |
13.547.660 |
0,05 |
10.635.720 |
0,03 |
|
|
|
NON-CURRENT ASSETS |
47.464.037 |
0,23 |
62.123.225 |
0,30 |
73.964.718 |
0,29 |
91.741.147 |
0,28 |
|
|
|
Not Detailed Non-Current Assets |
0 |
0,00 |
0 |
0,00 |
0 |
0,00 |
0 |
0,00 |
|
|
|
Long-term Receivable |
397.348 |
0,00 |
214.652 |
0,00 |
229.788 |
0,00 |
222.838 |
0,00 |
|
|
|
Financial Assets |
0 |
0,00 |
0 |
0,00 |
0 |
0,00 |
10.602.437 |
0,03 |
|
|
|
Tangible Fixed Assets (net) |
34.331.632 |
0,17 |
44.318.436 |
0,21 |
50.350.734 |
0,19 |
57.738.437 |
0,18 |
|
|
|
Intangible Assets |
11.251.764 |
0,06 |
15.443.186 |
0,07 |
22.093.809 |
0,09 |
22.209.986 |
0,07 |
|
|
|
Deferred Tax Assets |
0 |
0,00 |
0 |
0,00 |
0 |
0,00 |
0 |
0,00 |
|
|
|
Other Non-Current Assets |
1.483.293 |
0,01 |
2.146.951 |
0,01 |
1.290.387 |
0,00 |
967.449 |
0,00 |
|
|
|
TOTAL ASSETS |
203.721.000 |
1,00 |
207.851.102 |
1,00 |
258.916.793 |
1,00 |
321.986.235 |
1,00 |
|
|
|
CURRENT LIABILITIES |
113.612.364 |
0,56 |
85.092.855 |
0,41 |
141.303.262 |
0,55 |
190.010.656 |
0,59 |
|
|
|
Not Detailed Current Liabilities |
0 |
0,00 |
0 |
0,00 |
0 |
0,00 |
0 |
0,00 |
|
|
|
Financial Loans |
24.282.377 |
0,12 |
30.906.869 |
0,15 |
93.685.243 |
0,36 |
141.481.500 |
0,44 |
|
|
|
Accounts Payable |
22.842.681 |
0,11 |
45.857.413 |
0,22 |
39.264.088 |
0,15 |
40.317.105 |
0,13 |
|
|
|
Loans from Shareholders |
4.390.191 |
0,02 |
5.245.450 |
0,03 |
259.642 |
0,00 |
2.942.605 |
0,01 |
|
|
|
Other Short-term Payable |
31.261.255 |
0,15 |
947.537 |
0,00 |
6.415.041 |
0,02 |
2.684.379 |
0,01 |
|
|
|
Advances from Customers |
30.042.539 |
0,15 |
995.128 |
0,00 |
219.559 |
0,00 |
304.182 |
0,00 |
|
|
|
Accumulated Construction Income |
0 |
0,00 |
0 |
0,00 |
0 |
0,00 |
0 |
0,00 |
|
|
|
Taxes Payable |
551.736 |
0,00 |
969.555 |
0,00 |
1.015.107 |
0,00 |
1.700.525 |
0,01 |
|
|
|
Provisions |
0 |
0,00 |
592 |
0,00 |
-4.547 |
0,00 |
50.532 |
0,00 |
|
|
|
Other Current Liabilities |
241.585 |
0,00 |
170.311 |
0,00 |
449.129 |
0,00 |
529.828 |
0,00 |
|
|
|
LONG-TERM LIABILITIES |
42.559.431 |
0,21 |
46.917.335 |
0,23 |
39.524.011 |
0,15 |
34.937.348 |
0,11 |
|
|
|
Not Detailed Long-term Liabilities |
0 |
0,00 |
0 |
0,00 |
0 |
0,00 |
0 |
0,00 |
|
|
|
Financial Loans |
42.480.032 |
0,21 |
46.917.335 |
0,23 |
39.524.011 |
0,15 |
34.937.348 |
0,11 |
|
|
|
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 |
79.399 |
0,00 |
0 |
0,00 |
0 |
0,00 |
0 |
0,00 |
|
|
|
Provisions |
0 |
0,00 |
0 |
0,00 |
0 |
0,00 |
0 |
0,00 |
|
|
|
STOCKHOLDERS' EQUITY |
47.549.205 |
0,23 |
75.840.912 |
0,36 |
78.089.520 |
0,30 |
97.038.231 |
0,30 |
|
|
|
Not Detailed Stockholders' Equity |
0 |
0,00 |
0 |
0,00 |
78.089.520 |
0,30 |
0 |
0,00 |
|
|
|
Paid-in Capital |
50.050.000 |
0,25 |
75.166.000 |
0,36 |
0 |
0,00 |
93.331.000 |
0,29 |
|
|
|
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 |
3.680.164 |
0,02 |
1.684.895 |
0,01 |
0 |
0,00 |
9.104.478 |
0,03 |
|
|
|
Revaluation Fund |
0 |
0,00 |
0 |
0,00 |
0 |
0,00 |
0 |
0,00 |
|
|
|
Accumulated Losses(-) |
0 |
0,00 |
-6.180.958 |
-0,03 |
0 |
0,00 |
-6.185.506 |
-0,02 |
|
|
|
Net Profit (loss) |
-6.180.959 |
-0,03 |
5.170.975 |
0,02 |
0 |
0,00 |
788.259 |
0,00 |
|
|
|
TOTAL LIABILITIES AND EQUITY |
203.721.000 |
1,00 |
207.851.102 |
1,00 |
258.916.793 |
1,00 |
321.986.235 |
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 24.303.458 of the other income is due
to "Profit from Foreign Currency Exchange". At the last income statement TL 19.263.130 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 |
181.561.571 |
1,00 |
213.934.773 |
1,00 |
256.773.915 |
1,00 |
323.441.746 |
1,00 |
275.860.617 |
1,00 |
|
Cost of Goods Sold |
111.841.357 |
0,62 |
135.554.725 |
0,63 |
162.080.896 |
0,63 |
201.190.304 |
0,62 |
183.159.016 |
0,66 |
|
Gross Profit |
69.720.214 |
0,38 |
78.380.048 |
0,37 |
94.693.019 |
0,37 |
122.251.442 |
0,38 |
92.701.601 |
0,34 |
|
Operating Expenses |
54.370.518 |
0,30 |
65.275.878 |
0,31 |
92.569.511 |
0,36 |
99.512.567 |
0,31 |
85.540.002 |
0,31 |
|
Operating Profit |
15.349.696 |
0,08 |
13.104.170 |
0,06 |
2.123.508 |
0,01 |
22.738.875 |
0,07 |
7.161.599 |
0,03 |
|
Other Income |
28.023.234 |
0,15 |
29.247.199 |
0,14 |
34.917.814 |
0,14 |
38.540.025 |
0,12 |
33.511.049 |
0,12 |
|
Other Expenses |
41.222.480 |
0,23 |
27.457.148 |
0,13 |
28.092.693 |
0,11 |
51.865.175 |
0,16 |
27.654.775 |
0,10 |
|
Financial Expenses |
8.331.409 |
0,05 |
9.681.585 |
0,05 |
8.739.936 |
0,03 |
8.335.202 |
0,03 |
6.576.289 |
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 |
-6.180.959 |
-0,03 |
5.212.636 |
0,02 |
208.693 |
0,00 |
1.078.523 |
0,00 |
6.441.584 |
0,02 |
|
Tax Payable |
0 |
0,00 |
41.661 |
0,00 |
0 |
0,00 |
290.264 |
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) |
-6.180.959 |
-0,03 |
5.170.975 |
0,02 |
208.693 |
0,00 |
788.259 |
0,00 |
6.441.584 |
0,02 |
FINANCIAL RATIOS
|
|||||
|
|
(2008) |
(2009) |
(2010) |
(2011) |
|
|
LIQUIDITY RATIOS |
|
|
|||
|
Current Ratio |
1,38 |
1,71 |
1,31 |
1,21 |
|
|
Acid-Test Ratio |
0,86 |
0,91 |
0,78 |
0,84 |
|
|
Cash Ratio |
0,41 |
0,24 |
0,19 |
0,14 |
|
|
ASSET STRUCTURE RATIOS |
|
|
|||
|
Inventory/Total Assets |
0,21 |
0,28 |
0,22 |
0,16 |
|
|
Short-term Receivable/Total Assets |
0,25 |
0,27 |
0,32 |
0,41 |
|
|
Tangible Assets/Total Assets |
0,17 |
0,21 |
0,19 |
0,18 |
|
|
TURNOVER RATIOS |
|
|
|||
|
Inventory Turnover |
2,64 |
2,33 |
2,82 |
3,81 |
|
|
Stockholders' Equity Turnover |
3,82 |
2,82 |
3,29 |
3,33 |
|
|
Asset Turnover |
0,89 |
1,03 |
0,99 |
1,00 |
|
|
FINANCIAL STRUCTURE |
|
|
|||
|
Stockholders' Equity/Total Assets |
0,23 |
0,36 |
0,30 |
0,30 |
|
|
Current Liabilities/Total Assets |
0,56 |
0,41 |
0,55 |
0,59 |
|
|
Financial Leverage |
0,77 |
0,64 |
0,70 |
0,70 |
|
|
Gearing Percentage |
3,28 |
1,74 |
2,32 |
2,32 |
|
|
PROFITABILITY RATIOS |
|
|
|||
|
Net Profit/Stockholders' Eq. |
-0,13 |
0,07 |
0,00 |
0,01 |
|
|
Operating Profit Margin |
0,08 |
0,06 |
0,01 |
0,07 |
|
|
Net Profit Margin |
-0,03 |
0,02 |
0,00 |
0,00 |
|
|
Interest Cover |
0,26 |
1,54 |
1,02 |
1,13 |
|
|
COLLECTION-PAYMENT |
|
|
|||
|
Average Collection Period (days) |
101,71 |
87,35 |
81,01 |
66,05 |
|
|
Average Payable Period (days) |
73,53 |
121,79 |
87,21 |
72,14 |
|
|
WORKING CAPITAL |
42644599,00 |
60635022,00 |
43648813,00 |
40234432,00 |
|
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian
Rupees |
|
US Dollar |
1 |
Rs.54.38 |
|
UK Pound |
1 |
Rs.82.32 |
|
Euro |
1 |
Rs.69.54 |
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%)
This report is issued at your request without any
risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL)
or its officials.