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Report Date : |
21.11.2013 |
IDENTIFICATION DETAILS
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Name : |
AGRO-ALLIANCE LTD. |
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Registered Office : |
PROSP SHUVALOVSKIY 28, 197373 G SANKT-PETERBURG |
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Country : |
Russia |
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Financials (as on) : |
31.12.2012 |
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Date of Incorporation : |
23.07.2008 |
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Com. Reg. No.: |
1089847289290 |
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Legal Form : |
Limited liability companies |
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Line of Business : |
·
Manufacture of grain mill products ·
Agents involved in the sale of food ·
Retail sale of meat and meat products |
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No. of Employees : |
Not Available |
RATING & COMMENTS
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MIRA’s Rating : |
Ba |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
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Status : |
Satisfactory |
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Payment Behaviour : |
No complaints |
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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
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Country Name |
Previous Rating (31.12.2012) |
Current Rating (31.03.2013) |
|
Russia |
A2 |
A2 |
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Risk Category |
ECGC
Classification |
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Insignificant |
A1 |
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Low |
A2 |
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Moderate |
B1 |
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High |
B2 |
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Very High |
C1 |
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Restricted |
C2 |
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Off-credit |
D |
RUSSIA - ECONOMIC OVERVIEW
Russia has undergone significant changes since the collapse of the Soviet Union, moving from a globally-isolated, centrally-planned economy to a more market-based and globally-integrated economy. Economic reforms in the 1990s privatized most industry, with notable exceptions in the energy and defense-related sectors. The protection of property rights is still weak and the private sector remains subject to heavy state interference. In 2011, Russia became the world's leading oil producer, surpassing Saudi Arabia; Russia is the second-largest producer of natural gas; Russia holds the world's largest natural gas reserves, the second-largest coal reserves, and the eighth-largest crude oil reserves. Russia is also a top exporter of metals such as steel and primary aluminum. Russia's reliance on commodity exports makes it vulnerable to boom and bust cycles that follow the volatile swings in global prices. The government since 2007 has embarked on an ambitious program to reduce this dependency and build up the country's high technology sectors, but with few visible results so far. The economy had averaged 7% growth in the decade following the 1998 Russian financial crisis, resulting in a doubling of real disposable incomes and the emergence of a middle class. The Russian economy, however, was one of the hardest hit by the 2008-09 global economic crisis as oil prices plummeted and the foreign credits that Russian banks and firms relied on dried up. According to the World Bank the government's anti-crisis package in 2008-09 amounted to roughly 6.7% of GDP. The economic decline bottomed out in mid-2009 and the economy began to grow again in the third quarter of 2009. High oil prices buoyed Russian growth in 2011-12 and helped Russia reduce the budget deficit inherited from 2008-09. Russia has reduced unemployment to a record low and has lowered inflation below double digit rates. Russia joined the World Trade Organization in 2012, which will reduce trade barriers in Russia for foreign goods and services and help open foreign markets to Russian goods and services. At the same time, Russia has sought to cement economic ties with countries in the former Soviet space through a Customs Union with Belarus and Kazakhstan, and, in the next several years, through the creation of a new Russia-led economic bloc called the Eurasian Economic Union. Russia has had difficulty attracting foreign direct investment and has experienced large capital outflows in the past several years, leading to official programs to improve Russia's international rankings for its investment climate. Russia's adoption of a new oil-price-based fiscal rule in 2012 and a more flexible exchange rate policy have improved its ability to deal with external shocks, including volatile oil prices. Russia's long-term challenges also include a shrinking workforce, rampant corruption, and underinvestment in infrastructure.
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Source
: CIA |
OOO "Agro-Alyans"
PROSP SHUVALOVSKIY 28,
197373 G SANKT-PETERBURG
Tel: 78122404310
Telefax: 78122404330
E-Mail: a-a@agro-al.ru
Web: www.agro-al.ru
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Business course |
Good order situation. |
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Terms of payment |
As far as know, punctually. |
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Business connection |
Business connection appears permissable. |
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Legal form |
Limited liability companies (OOO) |
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Established on |
23/07/2008 - Limited liability companies (OOO) |
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Registered on |
23/07/2008, MEZHRAYONNAYA INSPEKTSIYA FNS
ROSSII N 15 PO SANKT-PETERBURGU, RegNr.: 1089847289290 |
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Registered capital |
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RUB |
163 233 100,- |
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Owner |
AGRO-ALYANS SAYPRES LIMITED |
% |
100 |
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Sole Executive Body |
VIKTOR ALEKSEEVICH KOZYREV |
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General data |
Main activity: |
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Full name: |
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Name in foreign language: |
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Short name: |
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Residence address: |
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Permanent address: |
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Other activities |
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: |
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Manufacture of grain mill products |
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Manufacture of grain mill products |
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Agents involved in the sale of food |
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Wholesale of grain |
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Wholesale of meat and meat products |
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Retail sale of meat and meat products |
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Other retail sale of food |
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Other retail sale of food |
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Cargo handling |
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Activities of other transport agencies |
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Letting of own property |
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Renting of automobiles |
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Renting of other land transport equipment |
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Technical testing and analysis |
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Other business activities not elsewhere classified |
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Annual turnover |
31/12/2011 |
Enterprise turnover |
RUB |
2 955 393 000,- |
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31/12/2012 |
Enterprise turnover |
RUB |
3 520 853 000,- |
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Remarks |
The main activity of OOO“Agro-Alyans” is
import and production of packaged grits. The subject owns following brands:
“Agro-Alyans”, “YunNat”, “Russkaya kasha”. |
A. The enclosed balance of 2011 is originated from official source, no
data available about authentication. (31.12.2011 - 1000 RUB) - Warning! The
figures stated in the balance sheet may contain error(s).
B. The enclosed balance of 2012 is originated from official source, no data
available about authentication. (31.12.2012 - 1000 RUB) - Warning! The figures
stated in the balance sheet may contain error(s).
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balance |
A
31.12.2011 |
B
31.12.2012 |
C |
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1. ASSETS |
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I. FIXED ASSETS |
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Intangible assets |
542 |
730 |
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The results of research and development |
0 |
0 |
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Intangible research assets |
0 |
0 |
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Tangible research assets |
0 |
0 |
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Fixed assets |
34 934 |
25 428 |
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Profitable investments in tangible assets |
0 |
0 |
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Financial investments |
461 842 |
724 457 |
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Deferred tax assets |
373 |
112 |
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Other non-current assets |
0 |
0 |
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TOTAL IN SECTION I. |
497 691 |
750 727 |
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II. CURRENT ASSETS |
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Inventories |
383 176 |
382 940 |
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VAT on acquired assets |
6 909 |
12 592 |
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Accounts receivable |
392 965 |
424 319 |
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Financial investments (excluding the monetary equivalent) |
7 300 |
15 522 |
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Cash and monetary equivalents |
4 481 |
291 |
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Other current assets |
2 336 |
2 400 |
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TOTAL IN SECTION II. |
797 167 |
838 065 |
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BALANCE |
1 294 858 |
1 588 792 |
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2. LIABILITIES |
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III. CAPITAL AND RESERVES |
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Authorized capital (share capital, charter capital, deposits capital,
partners capital) |
70 000 |
163 233 |
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Treasury stock |
0 |
0 |
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Revaluation of fixed assets |
0 |
0 |
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Additional capital (without revaluation) |
2 979 |
2 979 |
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Reserve capital |
0 |
0 |
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Retained earnings (uncovered loss) |
89 288 |
122 711 |
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TOTAL IN SECTION III. |
162 267 |
288 923 |
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IV. LONG-TERM LIABILITIES |
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Borrowed funds |
441 005 |
414 889 |
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Deferred tax liabilities |
251 |
3 046 |
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Provisions |
0 |
0 |
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Other liabilities |
0 |
0 |
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TOTAL IN SECTION IV. |
441 256 |
417 935 |
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V. SHORT-TERM LIABILITIES |
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Borrowed funds |
327 667 |
310 003 |
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Payables |
354 803 |
569 455 |
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Deferred income |
0 |
0 |
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Provisions |
1 379 |
2 475 |
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Sonstige Verbindlichkeiten |
7 485 |
0 |
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TOTAL IN SECTION V. |
691 335 |
881 933 |
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BALANCE |
1 294 858 |
1 588 792 |
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A. The enclosed profit and loss account of 2011 is originated from
official source, no data available about authentication. (31.12.2011 - 1000
RUB) |
|||
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profit and loss
account |
A
31.12.2011 |
B
31.12.2012 |
C |
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Turnover |
2 955 393 |
3 520 853 |
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Cost of sales |
2 145 946 |
2 697 706 |
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Gross profit (loss) |
809 447 |
823 147 |
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Selling expenses |
637 865 |
658 043 |
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Administrative expenses |
0 |
0 |
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Sales profit (loss) |
171 582 |
165 104 |
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Earnings from other entities |
0 |
0 |
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Interest receivable |
3 330 |
1 305 |
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Interest payable |
45 649 |
57 786 |
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Other operating income |
1 280 434 |
1 901 732 |
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Other operating expenses |
1 402 911 |
1 967 112 |
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Profit (loss) before tax |
6 786 |
43 243 |
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Current profit tax |
2 943 |
6 752 |
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Permanent tax liabilities (assets) |
-1 528 |
-959 |
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Change in deferred tax liabilities |
177 |
2 876 |
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Change in deferred tax assets |
176 |
22 |
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Different |
0 |
213 |
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Net profit (loss) |
3 842 |
33 424 |
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Results of fixed assets revaluation, non-includedin net profit/loss
for period |
0 |
0 |
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Result of other transactions, non included in net profit/loss for
period |
0 |
0 |
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Total financial result for period |
3 842 |
33 424 |
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Ratios |
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2011 |
2012 |
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Quick ratio |
0,59 |
0,5 |
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Current ratio |
0,58 |
0,46 |
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Average Collection Period |
24,27 |
42,36 |
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Payables turnover Period |
30,17 |
62,53 |
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Debt ratio |
0,87 |
0,82 |
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Equity to total assets ratio |
0,13 |
0,18 |
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Funding ratio |
0,14 |
0,22 |
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Return on sales |
0,13 |
0,95 |
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Return on Assets |
3,79 |
6,28 |
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Return on Equity |
n/a |
14,82 |
FOREIGN EXCHANGE RATES
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Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.62.56 |
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|
1 |
Rs.100.77 |
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Euro |
1 |
Rs.84.71 |
INFORMATION DETAILS
|
Report Prepared
by : |
NNA |
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 |
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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 |
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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 |
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41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
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26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
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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 |
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<10 |
C |
Absolute credit risk exists. Caution needed to be exercised |
Credit not recommended |
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---- |
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.