|
Report Date : |
09.05.2013 |
IDENTIFICATION DETAILS
|
Name : |
YAPI KREDI FINANSAL KIRALAMA ANONIM ORTAKLIGI
|
|
|
|
|
Registered Office : |
Buyukdere Cad. Yapi Kredi Plaza A-Blok Levent Istanbul |
|
|
|
|
Country : |
Turkey |
|
|
|
|
Financials (as on) : |
31.12.2012 |
|
|
|
|
Date of Incorporation : |
19.02.1987 |
|
|
|
|
Com. Reg. No.: |
231531 |
|
|
|
|
Legal Form : |
Joint Stock Company |
|
|
|
|
Line of Business : |
Financial
leasing |
|
|
|
|
No. of Employees : |
132 |
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 – March 31st 2013
|
Country Name |
Previous Rating (31.12.2012) |
Current Rating (31.03.2013) |
|
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 9.2% in 2010, as exports returned to normal levels following the
recession. Growth dropped to approximately 3% in 2012. Turkey's public sector
debt to GDP ratio has fallen to about 40%, and at least one rating agency
upgraded Turkey's debt to investment grade in 2012. Turkey remains dependent on
often volatile, short-term investment to finance its large trade deficit. The
stock value of FDI stood at $117 billion at year-end 2012. Inflows have slowed
because of continuing economic turmoil in Europe, the source of much of
Turkey's FDI. 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 |
: |
YAPI
KREDI FINANSAL KIRALAMA ANONIM ORTAKLIGI |
|
HEAD
OFFICE ADDRESS |
: |
Buyukdere
Cad. Yapi Kredi Plaza A-Blok Levent Istanbul / Turkey |
|
PHONE
NUMBER |
: |
90-212-339
90 00 |
|
FAX
NUMBER |
: |
90-212-339
91 00 |
|
WEB-ADDRESS |
: |
|
|
E-MAIL |
: |
|
TAX
OFFICE |
: |
Bogazici
Kurumlar |
|
TAX
NO |
: |
9370017457 |
|
REGISTRATION
NUMBER |
: |
231531 |
|
REGISTERED
OFFICE |
: |
Istanbul
Chamber of Commerce |
|
DATE
ESTABLISHED |
: |
19.02.1987 |
|
ESTABLISHMENT
GAZETTE DATE/NO |
: |
24.02.1987/1710 |
|
LEGAL
FORM |
: |
Joint
Stock Company |
|
TYPE
OF COMPANY |
: |
Private |
||||||||||||||||||||||||
|
AUTHORIZED
CAPITAL |
: |
389.927.705
TL |
||||||||||||||||||||||||
|
PAID-IN
CAPITAL |
: |
389.927.705
TL |
||||||||||||||||||||||||
|
HISTORY |
: |
|
|
SHAREHOLDERS |
: |
|
||||||||||||
|
REMARKS
ON SHAREHOLDERS |
: |
Yapi
ve Kredi Bankasi A.S. has been ranked as the 5th largest bank of Turkey in
view of its "total assets" within 44 banks in Turkey as of
30.09.2012. |
||||||||||||
|
GROUP |
: |
KOC
GROUP OF COMPANIES |
||||||||||||
|
GROUP
PARENT COMPANY |
: |
KOC
HOLDING A.S. |
||||||||||||
|
SISTER
COMPANIES |
: |
AES
ENTEK ELEKTRIK URETIMI A.S. AKPA
DAYANIKLI TUKETIM LPG VE AKARYAKIT URUNLERI PAZARLAMA A.S. AMERIKAN
HASTANESI SAGLIK HIZMETLERI VE TICARET A.S. ARCELIK
A.S. ARCELIK-LG
KLIMA SANAYI VE TICARET A.S. ARK
INSAAT SANAYI VE TICARET A.S. AVAS
GAYRIMENKUL YATIRIM VE DANISMANLIK LTD. STI. AYGAZ
A.S. AYGAZ
DOGAL GAZ ILETIM A.S. AYGAZ
DOGAL GAZ TOPTAN SATIS A.S. BEKO
CESKO S.R.O. BEKO
DEUTSCHLAND GMBH BEKO
ELECTRICAL APPLIANCES CO. LTD. BEKO
ELEKTRONICS ESPANA S.L. BEKO
FRANCE S.A BEKO
ITALY S.R.L. BEKO
PLC BEKO
S.A. BEKO
SHANGHAI TRADING CO. BEKO
SLOVAKIA S.R.O BILKOM
BILISIM HIZMETLERI A.S. CALLUS
BILGI VE ILETISIM HIZMETLERI A.S. CENGELHAN
OTELCILIK TURIZM ORGANIZASYON INSAAT VE RESTORASYON A.S. DEMIR
EXPORT A.S. DITAS
DENIZ ISLETMECILIGI VE TANKERCILIGI A.S. DIVAN
TURIZM ISLETMELERI A.S. DUZEY
TUKETIM MALLARI SANAYI PAZARLAMA VE TICARET A.S. ELEKTRA
BREGENZ AG ENERJI
YATIRIMLARI A.S. ENTERNASYONAL
TURIZM YATIRIM A.S. FORD
OTOMOTIV SANAYI A.S. GRUNDIG
MULTIMEDIA B.V. HARRANOVA
BESI VE TARIM URUNLERI A.S. INVENTRAM
FIKRI MULKIYET HAKLARI YONETIM TICARET VE YATIRIM A.S. JAPON
GIDA SATIS VE SERVIS LTD. STI. KATRON
SAVUNMA UZAY VE SIMULASYON TEKNOLOJILERI A.S. KOC
BILGI VE SAVUNMA TEKNOLOJILERI A.S. KOC
FIAT KREDI TUKETICI FINANSMANI A.S. KOC
FINANSAL HIZMETLER A.S. KOC
HOLDING A.S. KOC
HOLDING EMEKLI VE YARDIM SANDIGI VAKFI KOC
SISTEM BILGI VE ILETISIM HIZMETLERI A.S. KOC
TUKETICI FINANSMANI A.S. KOC
YAPI MALZEMELERI TICARET A.S. KOCTAS
YAPI MARKETLERI TICARET A.S. NAKKAS
GAYRIMENKUL YATIRIM VE DANISMANLIK LTD. STI. NAKKAS
GAYRIMENKUL YATIRIM VE DANISMANLIK TICARET A.S. OPET
FUCHS MADENI YAG SANAYI VE TICARET A.S. OPET
INTERNATIONAL LONDON LTD OPET
PETROLCULUK A.S. ORIENTE
KLASSIK GIYIM VE ANTIKACILIK SANAYI VE TICARET A.S. OTOKAR
OTOMOTIV VE SAVUNMA SANAYI A.S. OTOKOC
OTOMOTIV TICARET VE SANAYI A.S. OTOKOC
SIGORTA ARACILIK HIZMETLERI A.S. PROMENA
ELEKTRONIK TICARET A.S. RAHMI
M.KOC VE MAHDUMLARI MADEN INSAAT TURIZM ULASTIRMA YATIRIM VE TICARET A.S. RAM
DIS TICARET A.S. RAM
SIGORTA ARACILIK HIZMETLERI A.S. RMK
MARINE GEMI YAPIM SANAYII VE DENIZ TASIMACILIGI ISLETMESI A.S. S.C.
ARTIC S.A SARIYER
TANKERCILIK A.S. SETAIR
HAVA TASIMACILIGI VE HIZMETLERI A.S. SETUR
SERVIS TURISTIK A.S. TANI
PAZARLAMA VE ILETISIM HIZMETLERI A.S. TAT
KONSERVE SANAYII A.S. TAT
TOHUMCULUK A.S. TEMEL
TICARET VE GAYRIMENKUL YATIRIM LTD. STI. TEMEL
TICARET VE YATIRIM A.S. TOFAS
TURK OTOMOBIL FABRIKASI A.S. TURK
TRAKTOR VE ZIRAAT MAKINELERI A.S. TURKIYE
PETROL RAFINERILERI A.S. (TUPRAS) VEHBI
KOC VAKFI YAPI
KREDI B TIPI YATIRIM ORTAKLIGI A.S. YAPI
KREDI BANK AZERBAYCAN YAPI
KREDI BANK MOSKOW YAPI
KREDI BANK NEDERLAND N.V. YAPI
KREDI EMEKLILIK A.S. YAPI
KREDI FAKTORING A.S. YAPI
KREDI KULTUR SANAT YAYINCILIK TICARET VE SANAYI A.S. YAPI
KREDI PORTFOY YONETIMI A.S. YAPI
KREDI SIGORTA A.S. YAPI
KREDI YATIRIM MENKUL DEGERLER A.S. YAPI
KREDI-KORAY GAYRIMENKUL YATIRIM ORTAKLIGI A.S. YAPI
VE KREDI BANKASI A.S. ZER
MERKEZI HIZMETLER VE TICARET A.S. ZINERJI
ENERJI SANAYI VE TICARET A.S. |
||||||||||||
|
SUBSIDIARIES |
: |
|
||||||||||||
|
BOARD
OF DIRECTORS |
: |
|
||||||||||||
|
DIRECTORS |
: |
|
|
BUSINESS
ACTIVITIES |
: |
Financial
leasing. |
||||||||||||||||||
|
NACE
CODE |
: |
J
.65.21 |
||||||||||||||||||
|
SECTOR |
: |
Finance |
||||||||||||||||||
|
NUMBER
OF EMPLOYEES |
: |
132 |
||||||||||||||||||
|
NET
SALES |
: |
|
||||||||||||||||||
|
CAPACITY |
: |
None |
||||||||||||||||||
|
PRODUCTION |
: |
None |
||||||||||||||||||
|
HEAD
OFFICE ADDRESS |
: |
Buyukdere
Cad. Yapi Kredi Plaza A-Blok Levent
Istanbul / Turkey |
||||||||||||||||||
|
BRANCHES |
: |
Regional
Directorate : Gazi Bulvari No:3 Kat:4 35210 Pasaport
Izmir/Turkey Regional
Directorate : Kiziltoprak Mahallesi Aspendos Bulvari
No:35 Antalya/Turkey Regional
Directorate : Ataturk Bulvari No:93 K:5 Kizilay
Ankara/Turkey Regional
Directorate : Karasoku Mahallesi Kizilay Caddesi No: 58
Seyhan Adana/Turkey Regional
Directorate : Mucahitle Mah. Gazi Muhtarpasa Bulvari
Mutlu Apt.No:6 Sehitkamil Gaziantep/Turkey Regional
Directorate : Ulubatli Hasan Bulvari No:59 Kat:5
Osmangazi Bursa/Turkey Branch
Office : Asirefendi Cad.No:99/101 Sultanhamam -
Eminonu Istanbul/Turkey Branch
Office : Postane Mah. Tahaffuzhane Cad. Muhendis
Sok. No:32 Tuzla Istanbul/Turkey Branch
Office : Medrese Mah. Ahmet hilmi Nalcaci Cad. No:80
K:2 Selcuklu Konya/Turkey Branch
Office : Sehit Muhtar Caddesi No:5 Kat:6 Taksim
Istanbul/Turkey Branch Office : Evren Mahallesi Kocman Caddesi Ziyal Plaza
A-B Blok K:1 34560 Gunesli Istanbul/Turkey Branch
Office : Kozyatagi Mahallesi Sehit Mehmet Fatih
Ongul Sk.No:1 Kat 4 Kozyatagi Istanbul/Turkey |
|
SIZE
OF BUSINESS |
: |
Giant |
|
MAIN
DEALING BANKS |
: |
Yapi
ve Kredi Bankasi Merkez Branch |
|
PAYMENT
BEHAVIOUR |
: |
No
payment delays have come to our knowledge. |
|
General
Financial Position |
Fair |
|
|
Incr.
in producers’ price index |
Average
USD/TL |
Average
EUR/TL |
Average
GBP/ TL |
|
( 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 |
|
( 01.01-30.09.2010) |
6,52
% |
1,5178 |
2,0112 |
2,3426 |
|
( 2010 ) |
8,87
% |
1,5128 |
2,0096 |
2,3410 |
|
( 01.01-31.03.2011) |
5,40
% |
1,5753 |
2,1664 |
2,5072 |
|
( 2011 ) |
13,33
% |
1,6797 |
2,3378 |
2,6863 |
|
( 2012 ) |
2,45
% |
1,7995 |
2,3265 |
2,8593 |
|
( 01.01-30.04.2013) |
-0,01
% |
1,7920 |
2,3566 |
2,7927 |
|
|
( 31.12.2008 ) TL Thousand |
( 31.12.2009 ) TL Thousand |
( 31.12.2010 ) TL Thousand |
( 31.12.2011 ) TL Thousand |
( 31.12.2012 ) TL Thousand |
|
Cash And Balances With The Central Bank Of Turkey |
0 |
0 |
0 |
0 |
0 |
|
Financial Assets Where Fair Value Change Is Reflected To Income
Statement (Net) |
9.883 |
4.885 |
6.322 |
0 |
2.916 |
|
Banks |
3.650 |
12.035 |
5.837 |
143.408 |
11.669 |
|
Money Market Securities |
0 |
0 |
0 |
0 |
0 |
|
Financial Assets Available For Sale (Net) |
73 |
80 |
88 |
100 |
120 |
|
Loans |
0 |
0 |
0 |
0 |
111.645 |
|
Loans Under Follow-Up |
97.825 |
138.977 |
121.102 |
113.918 |
0 |
|
Factoring Receivables |
0 |
0 |
0 |
0 |
3.081.540 |
|
Investments Held To Maturity (Net) |
0 |
0 |
0 |
0 |
0 |
|
Affiliates (Net) |
0 |
0 |
0 |
0 |
0 |
|
Subsidiaries (Net) |
0 |
0 |
0 |
0 |
0 |
|
Joint Ventures (Business Partners) (Net) |
0 |
0 |
0 |
0 |
0 |
|
Receivables From Leasing Transactions (Net) |
2.648.806 |
2.067.174 |
1.947.509 |
2.810.494 |
0 |
|
Derivative Financial Assets Held For Hedging |
0 |
0 |
0 |
0 |
0 |
|
Fixed Assets (Net) |
580 |
662 |
788 |
929 |
764 |
|
Intangible Assets [Net] |
552 |
875 |
1.296 |
2.542 |
3.274 |
|
Real Estates For Investment Purpose (Net) |
0 |
0 |
0 |
0 |
0 |
|
Assets For Tax |
0 |
0 |
0 |
0 |
50.563 |
|
Property And Equipment Held For Sale Purpose And Held From Terminated Operations
(Net) |
1.715 |
1.715 |
3.039 |
3.176 |
6.883 |
|
Other Assets |
72.955 |
120.443 |
115.349 |
128.035 |
23.320 |
|
Not Detailed Total Assets |
0 |
0 |
0 |
0 |
0 |
|
TOTAL ASSETS |
2.836.039 |
2.346.846 |
2.201.330 |
3.202.602 |
3.292.694 |
|
LIABILITIES |
2.219.869 |
1.646.343 |
1.466.123 |
2.324.660 |
2.284.678 |
|
Deposits |
0 |
0 |
0 |
0 |
0 |
|
Derivative Financial Liabilities Held For Trading |
3.957 |
320 |
1.361 |
38.552 |
77 |
|
Funds Borrowed |
2.132.863 |
1.543.791 |
1.342.506 |
2.035.351 |
2.097.232 |
|
Interbank Money Market |
0 |
0 |
0 |
0 |
0 |
|
Marketable Securities Issued (Net) |
0 |
0 |
0 |
0 |
0 |
|
Funds |
0 |
0 |
0 |
0 |
0 |
|
Miscellaneous Payables |
28.987 |
40.709 |
64.346 |
164.428 |
90.301 |
|
Other External Resources |
18.281 |
29.036 |
28.480 |
48.859 |
57.823 |
|
Factoring Payables |
27 |
0 |
0 |
0 |
0 |
|
Leasing Transactions Payables |
0 |
0 |
0 |
0 |
0 |
|
Derivative Financial Liabilities Held For Hedging |
0 |
0 |
0 |
0 |
0 |
|
Provisions |
35.294 |
24.549 |
22.822 |
30.003 |
34.503 |
|
Liabilities For Tax |
460 |
7.938 |
6.608 |
7.467 |
4.742 |
|
Liabilities For Property And Equipment Held For Sale Purpose And Held
From Terminated Operations |
0 |
0 |
0 |
0 |
0 |
|
Subordinated Loans |
0 |
0 |
0 |
0 |
0 |
|
Not Detailed Liabilities |
0 |
0 |
0 |
0 |
0 |
|
STOCKHOLDERS' EQUITY |
616.170 |
700.503 |
735.207 |
877.942 |
1.008.016 |
|
Not Detailed Stockholders' Equity |
0 |
0 |
0 |
0 |
0 |
|
Paid-in capital |
389.928 |
389.928 |
389.928 |
389.928 |
389.928 |
|
Revaluation Fund |
-34.598 |
-34.598 |
-34.598 |
-34.598 |
-34.598 |
|
Reserves |
38.550 |
105.549 |
198.621 |
290.385 |
433.121 |
|
Minority Interest |
0 |
0 |
0 |
0 |
0 |
|
Accumulated profit/loss |
89.491 |
89.491 |
89.491 |
89.491 |
89.491 |
|
Net Profit/Loss |
132.799 |
150.133 |
91.765 |
142.736 |
130.074 |
|
TOTAL LIABILITIES AND EQUITY |
2.836.039 |
2.346.846 |
2.201.330 |
3.202.602 |
3.292.694 |
|
|
(2008) TL
Thousand |
(2009) TL
Thousand |
(2010) TL
Thousand |
(2011) TL
Thousand |
(2012) TL
Thousand |
|
Interest Income |
298.760 |
255.209 |
200.132 |
223.735 |
239.324 |
|
Interest Expenses |
-21.438 |
-23.425 |
-24.431 |
-24.578 |
-26.903 |
|
Net Interest Income/Expenses |
277.322 |
231.784 |
175.701 |
199.157 |
212.421 |
|
Net Fees And Commissions Income/Expenses |
0 |
0 |
0 |
0 |
0 |
|
Dividend Income |
0 |
0 |
0 |
0 |
0 |
|
Trading Profit/Loss (Net) |
0 |
0 |
0 |
0 |
0 |
|
Other Operating Income |
1.285.559 |
769.800 |
633.123 |
154.351 |
221.709 |
|
Total Operating Income/Expenses |
1.562.881 |
1.001.584 |
808.824 |
353.508 |
434.130 |
|
Provision For Loan Or Other Receivables Losses (-) |
-83.564 |
-115.925 |
-116.018 |
-71.241 |
-57.860 |
|
Other Operating Expenses (-) |
-1.230.492 |
-695.043 |
-537.732 |
-79.656 |
-149.898 |
|
Financial Expenses |
-121.350 |
-91.273 |
-42.888 |
-55.745 |
-65.038 |
|
Net Operating Profit/Loss |
127.475 |
99.343 |
112.186 |
146.866 |
161.334 |
|
Surplus Written As Gain After Merger |
0 |
0 |
0 |
0 |
0 |
|
Profit/Loss From Equity Method Applied Subsidiaries |
0 |
0 |
0 |
0 |
0 |
|
Net Monetary Position Gain/Loss |
0 |
0 |
0 |
0 |
0 |
|
Profit/Loss Before Taxes From Continuing Operations |
127.475 |
99.343 |
112.186 |
146.866 |
161.334 |
|
Provision For Taxes On Income From Continuing Operations (±) |
5.324 |
50.790 |
-20.421 |
-4.130 |
-31.260 |
|
Net Profit/Loss From Continuing Operations |
132.799 |
150.133 |
91.765 |
142.736 |
130.074 |
|
Income From Terminated Operations |
0 |
0 |
0 |
0 |
0 |
|
Expenses From Terminated Operations (-) |
0 |
0 |
0 |
0 |
0 |
|
Profit/Loss Before Taxes From Terminated Operations |
0 |
0 |
0 |
0 |
0 |
|
Provision For Taxes On Income From Terminated Operations (±) |
0 |
0 |
0 |
0 |
0 |
|
Net Profit/Loss From Terminated Operations |
0 |
0 |
0 |
0 |
0 |
|
Net Profit/Loss |
132.799 |
150.133 |
91.765 |
142.736 |
130.074 |
|
|
(2009) |
(2010) |
(2011) |
(2012) |
Sector Averages |
|
CAPITAL SUFFICIENCY RATIOS |
|
|
|||
|
Stockholders' Equity/Total Assets |
0,30 |
0,33 |
0,27 |
0,31 |
0,13 |
|
ASSET QUALITY RATIOS |
|
|
|||
|
Loans/Total Assets |
0,00 |
0,00 |
0,00 |
0,03 |
0,59 |
|
Loans Under Follow-Up/Loans |
|
|
|
0,00 |
0,03 |
|
LIQUIDITY RATIOS |
|
|
|||
|
Liquid Assets/Total Assets |
0,01 |
0,01 |
0,04 |
0,00 |
0,31 |
|
PROFITABILITY RATIOS |
|
|
|||
|
Net Profit/Total Assets |
0,06 |
0,04 |
0,04 |
0,04 |
0,01 |
|
Net Profit/Stockholders' Equity |
0,21 |
0,12 |
0,16 |
0,13 |
0,10 |
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.54.16 |
|
UK Pound |
1 |
Rs.83.88 |
|
Euro |
1 |
Rs.70.99 |
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.