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Report Date : |
28.10.2013 |
IDENTIFICATION DETAILS
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Name : |
TELLI TEKSTIL KADIFE KUMAS MUSTAFA TELLI |
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Registered Office : |
Rami Kisla Cad. Sanayi Sok. No:8 Bayrampasa |
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Country : |
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Financials (as on) : |
31.12.2012 |
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Date of Incorporation : |
30.07.2009 |
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Com. Reg. No.: |
726452 |
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Legal Form : |
Sole-Proprietorship |
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Line of Business : |
Manufacture and trade of velvet fabric and velvet prayer
rug. |
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No. of Employees : |
Not Available |
RATING & COMMENTS
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MIRA’s Rating : |
B |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
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Status : |
Moderate |
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Payment Behaviour : |
Slow but correct |
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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) |
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B2 |
B2 |
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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 |
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
Source
: CIA
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NOTES |
: |
Full name of the firm was missing at your inquiry. |
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NAME |
: |
TELLI TEKSTIL KADIFE KUMAS MUSTAFA TELLI |
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HEAD OFFICE ADDRESS |
: |
Rami Kisla Cad. Sanayi Sok. No:8 Bayrampasa Istanbul / Turkey |
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PHONE NUMBER |
: |
90-212-616 28 66 |
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FAX NUMBER |
: |
90-212-616 51 46 |
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NOTES ON LEGAL STATUS AND HISTORY |
: |
Liability of the subject is not limited to the capital. |
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TAX OFFICE |
: |
Tuna |
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TAX NO |
: |
18332505568 |
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REGISTRATION NUMBER |
: |
726452 |
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REGISTERED OFFICE |
: |
Istanbul Chamber of Commerce |
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DATE ESTABLISHED |
: |
30.07.2009 |
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REMARKS ON DATE ESTABLISHED |
: |
The subject sole-proprietorship was established on 30.07.2009. As the sole-proprietorships are not obliged to be registered at commercial registry, it has not registered at commercial registry until Fabruary 2010. It was registered at Istanbul Commercial Registry on 26.02.2010(Commercial Registry Gazette Date/No: 04.03.2010 / 7514). |
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LEGAL FORM |
: |
Sole-Proprietorship |
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TYPE OF COMPANY |
: |
Private |
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SHAREHOLDERS |
: |
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DIRECTORS |
: |
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BUSINESS ACTIVITIES |
: |
Manufacture and trade of velvet fabric and velvet prayer rug. |
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NACE CODE |
: |
DB.17.60 |
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SECTOR |
: |
Textile |
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NET SALES |
: |
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IMPORT COUNTRIES |
: |
India China |
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MERCHANDISE IMPORTED |
: |
Polyester yarn |
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EXPORT VALUE |
: |
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EXPORT COUNTRIES |
: |
Ukraine Kazakhstan |
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MERCHANDISE EXPORTED |
: |
Velvet fabric |
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HEAD OFFICE ADDRESS |
: |
Rami Kisla Cad. Sanayi Sok. No:8 Bayrampasa Istanbul / Turkey ( rented ) |
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BRANCHES |
: |
Head Office/Production Plant : Rami Kisla Cad. Sanayi Sok. No:8 Bayrampasa Istanbul/Turkey (rented) |
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TREND OF BUSINESS |
: |
There was an upwards trend in 2012. There appears a decline at business volume in nominal terms in 1.1 - 30.6.2013. |
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SIZE OF BUSINESS |
: |
Modest |
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CREDIT FACILITIES |
: |
No credit facility has come to our knowledge. |
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PAYMENT BEHAVIOUR |
: |
We are informed about a single payment delay in the former years which was resolved later on but no payment delays have come to our knowledge in the last years. |
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KEY FINANCIAL ELEMENTS |
: |
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Capitalization |
In Order As of 31.12.2012 |
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Remarks on Capitalization |
The liability of the sole-proprietorships is not limited to the capital. The owners of the sole-proprietorships are responsible for the debts of the sole-proprietorships with all of their personal wealth. |
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Liquidity |
Insufficient As of 31.12.2012 |
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Remarks On Liquidity |
The favorable gap between average collection and average payable period has a positive effect on liquidity. |
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Profitability |
Fair Operating Profitability in 2012 Fair Net Profitability in 2012 Fair Operating Profitability (01.01-30.06.2013) Fair Net Profitability (01.01-30.06.2013) |
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Gap between average collection and payable periods |
Favorable in 2012 |
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General Financial Position |
Unsatisfactory |
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Incr. in producers’ price index |
Average USD/TL |
Average EUR/TL |
Average GBP/ TL |
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( 2011 ) |
13,33 % |
1,6797 |
2,3378 |
2,6863 |
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( 2012 ) |
2,45 % |
1,7995 |
2,3265 |
2,8593 |
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( 01.01-30.06.2013) |
2,46 % |
1,8251 |
2,3936 |
2,8262 |
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( 01.01-30.09.2013) |
4,43 % |
1,8785 |
2,4774 |
2,9189 |
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( 31.12.2012 ) TL |
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CURRENT ASSETS |
328.982 |
0,91 |
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Not Detailed Current Assets |
0 |
0,00 |
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Cash and Banks |
2.940 |
0,01 |
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Marketable Securities |
0 |
0,00 |
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Account Receivable |
27.932 |
0,08 |
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Other Receivable |
0 |
0,00 |
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Inventories |
214.518 |
0,60 |
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Advances Given |
0 |
0,00 |
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Accumulated Construction Expense |
0 |
0,00 |
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Other Current Assets |
83.592 |
0,23 |
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NON-CURRENT ASSETS |
30.770 |
0,09 |
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Not Detailed Non-Current Assets |
0 |
0,00 |
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Long-term Receivable |
0 |
0,00 |
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Financial Assets |
0 |
0,00 |
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Tangible Fixed Assets (net) |
30.770 |
0,09 |
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Intangible Assets |
0 |
0,00 |
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Deferred Tax Assets |
0 |
0,00 |
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Other Non-Current Assets |
0 |
0,00 |
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TOTAL ASSETS |
359.752 |
1,00 |
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CURRENT LIABILITIES |
192.258 |
0,53 |
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Not Detailed Current Liabilities |
0 |
0,00 |
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Financial Loans |
0 |
0,00 |
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Accounts Payable |
187.225 |
0,52 |
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Loans from Shareholders |
0 |
0,00 |
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Other Short-term Payable |
0 |
0,00 |
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Advances from Customers |
0 |
0,00 |
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Accumulated Construction Income |
0 |
0,00 |
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Taxes Payable |
5.033 |
0,01 |
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Provisions |
0 |
0,00 |
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Other Current Liabilities |
0 |
0,00 |
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LONG-TERM LIABILITIES |
0 |
0,00 |
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Not Detailed Long-term Liabilities |
0 |
0,00 |
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Financial Loans |
0 |
0,00 |
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Securities Issued |
0 |
0,00 |
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Long-term Payable |
0 |
0,00 |
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Loans from Shareholders |
0 |
0,00 |
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Other Long-term Liabilities |
0 |
0,00 |
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Provisions |
0 |
0,00 |
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STOCKHOLDERS' EQUITY |
167.494 |
0,47 |
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Not Detailed Stockholders' Equity |
167.494 |
0,47 |
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Paid-in Capital |
0 |
0,00 |
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Cross Shareholding Adjustment of Capital |
0 |
0,00 |
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Inflation Adjustment of Capital |
0 |
0,00 |
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Equity of Consolidated Firms |
0 |
0,00 |
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Reserves |
0 |
0,00 |
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Revaluation Fund |
0 |
0,00 |
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Accumulated Losses(-) |
0 |
0,00 |
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Net Profit (loss) |
0 |
0,00 |
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TOTAL LIABILITIES AND EQUITY |
359.752 |
1,00 |
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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. |
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(2012) TL |
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(01.01-30.06.2013) TL |
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Net Sales |
1.263.080 |
1,00 |
459.676 |
1,00 |
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Cost of Goods Sold |
1.223.150 |
0,97 |
378.225 |
0,82 |
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Gross Profit |
39.930 |
0,03 |
81.451 |
0,18 |
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Operating Expenses |
10.382 |
0,01 |
73.777 |
0,16 |
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Operating Profit |
29.548 |
0,02 |
7.674 |
0,02 |
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Other Income |
0 |
0,00 |
1.500 |
0,00 |
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Other Expenses |
2.053 |
0,00 |
0 |
0,00 |
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Financial Expenses |
0 |
0,00 |
0 |
0,00 |
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Minority Interests |
0 |
0,00 |
0 |
0,00 |
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Profit (loss) of consolidated firms |
0 |
0,00 |
0 |
0,00 |
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Profit (loss) Before Tax |
27.495 |
0,02 |
9.174 |
0,02 |
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Tax Payable |
0 |
0,00 |
0 |
0,00 |
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Postponed Tax Gain |
0 |
0,00 |
0 |
0,00 |
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Net Profit (loss) |
27.495 |
0,02 |
9.174 |
0,02 |
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(2012) |
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LIQUIDITY RATIOS |
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Current Ratio |
1,71 |
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Acid-Test Ratio |
0,16 |
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Cash Ratio |
0,02 |
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ASSET STRUCTURE RATIOS |
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Inventory/Total Assets |
0,60 |
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Short-term Receivable/Total Assets |
0,08 |
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Tangible Assets/Total Assets |
0,09 |
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TURNOVER RATIOS |
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Inventory Turnover |
5,70 |
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Stockholders' Equity Turnover |
7,54 |
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Asset Turnover |
3,51 |
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FINANCIAL STRUCTURE |
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Stockholders' Equity/Total Assets |
0,47 |
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Current Liabilities/Total Assets |
0,53 |
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Financial Leverage |
0,53 |
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Gearing Percentage |
1,15 |
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PROFITABILITY RATIOS |
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Net Profit/Stockholders' Eq. |
0,16 |
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Operating Profit Margin |
0,02 |
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Net Profit Margin |
0,02 |
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Interest Cover |
|
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COLLECTION-PAYMENT |
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Average Collection Period (days) |
7,96 |
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Average Payable Period (days) |
55,10 |
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WORKING CAPITAL |
136724,00 |
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.61.63 |
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|
1 |
Rs.99.94 |
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Euro |
1 |
Rs.85.14 |
INFORMATION DETAILS
|
Report
Prepared by : |
NIS |
RATING EXPLANATIONS
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
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>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.