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Report Date : |
25.08.2014 |
IDENTIFICATION DETAILS
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Name : |
PELAG S.R.O. |
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Registered Office : |
Dědinova 2007/11
148 00 Praha 4, Chodov |
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Country : |
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Financials (as on) : |
31.12.2012 |
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Date of Incorporation : |
23.02.2009 |
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Com. Reg. No.: |
C 148751 |
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Legal Form : |
Private Limited Company |
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Line of Business : |
Wholesale of china and ceramic goods |
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No. of Employees |
03 |
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 |
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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.
CZECH REPUBLIC ECONOMIC OVERVIEW
The Czech Republic is a stable and prosperous market economy closely integrated with the EU, especially since the country's EU accession in 2004. The auto industry is the largest single industry, and, together with its upstream suppliers, accounts for nearly 24% of Czech manufacturing. The Czech Republic produced more than a million cars for the first time in 2010, over 80% of which were exported. While the conservative, inward-looking Czech financial system has remained relatively healthy, the small, open, export-driven Czech economy remains sensitive to changes in the economic performance of its main export markets, especially Germany. When Western Europe and Germany fell into recession in late 2008, demand for Czech goods plunged, leading to double digit drops in industrial production and exports. As a result, real GDP fell sharply in 2009. The economy slowly recovered in the second half of 2009 and registered weak growth in the next two years. In 2012, however, the economy fell into a recession again, due both to a slump in external demand and to the government’s austerity measures. The country pulled out of recession in the second half of 2013, and most analysts expect modest, but steady, growth through 2014. Foreign and domestic businesses alike voice concerns about corruption, especially in public procurement. Other long term challenges include dealing with a rapidly aging population, funding an unsustainable pension and health care system, and diversifying away from manufacturing and toward a more high-tech, services-based, knowledge economy
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Source
: CIA |
PELAG S.R.O.
Dědinova 2007/11
148 00 Praha 4, Chodov
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Legal form |
Private limited company |
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Foundation |
23/02/2009 - Private limited company |
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Comp. Register |
23/02/2009,
Městský soud v Praze, RegNr.: C 148751 |
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Share Capital |
23/02/2009 |
CZK |
200.000,- |
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Shareholders |
Rashid Ibragimov
(26.11.1977) |
CZK |
200.000,- |
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Management |
Rashid Ibragimov
(26.11.1977) |
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General Data |
Wholesale of china and ceramic goods. |
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Main activity: |
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Trade name(s) |
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Address: |
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Dědinova 2008/13,
148 00 Praha 4 |
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Staff |
2014 |
3 average no. according to the statistical data |
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Annual Sales |
2010 |
actual sales |
CZK |
28.706.000,- |
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2011 |
actual sales |
CZK |
55.179.000,- |
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2012 |
actual sales |
CZK |
42.713.000,- |
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The company is not
registered in the Central register of executions. |
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Property |
none |
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Balance sheets |
The enclosed balance of
2012 from business register, -. (31.12.2012 - 1 CZK) |
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The enclosed
profit/loss account of 2012 from business register, -. (31.12.2012 - 1 CZK) |
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Remarks |
The final accounts for
the year 2013 are not available yet. |
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Other entrepreneurial
interests: |
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Bankers |
Česká
spořitelna, a. s. |
(0800) |
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Copyright: Creditreform s.r.o. Praha |
This information is addressed exclusively to the addressee. Contractor obligates to provide updated information. Although it is always put maximum effort to collect actual and exact information, it is not confirmed as delinquency if there are particular inaccurateness contained within the information, which are not considered as essential in terms of the objective for which the information is provided to the addressee. Contractor and recipient conform to the rules of the Name and Description Security Act, Nub.101/2000. According to the Name and Description Security Act, recipient has the right to process or to use forwarding data only for the purpose for which information has been sent to the recipient. Usage for other purpose is acceptable only in case referring to valid regulations of the above mentioned act. |
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BALANCE SHEET
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Balance |
31.12.2010 (CZK) |
31.12.2011 (CZK) |
31.12.2012 (CZK) |
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r1 |
TOTAL ASSETS |
6.564.000 |
17.154.000 |
10.437.000 |
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r2 |
Receivables for subscriptions |
0 |
0 |
0 |
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r3 |
Fixed assets |
4.472.000 |
4.948.000 |
3.692.000 |
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r4 |
Intangible fixed assets |
0 |
0 |
0 |
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r13 |
Tangible fixed assets |
4.472.000 |
4.948.000 |
3.692.000 |
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r23 |
Long-term financial assets |
0 |
0 |
0 |
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r31 |
Current assets |
2.092.000 |
11.650.000 |
6.203.000 |
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r32 |
Inventory |
1.334.000 |
2.070.000 |
4.121.000 |
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r39 |
Long-term receivables |
0 |
0 |
1.600.000 |
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r48 |
Short-term receivables |
578.000 |
9.418.000 |
268.000 |
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r58 |
Short-term financial assets |
180.000 |
162.000 |
214.000 |
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r63 |
Accruals |
0 |
556.000 |
542.000 |
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r67 |
TOTAL LIABILITIES |
6.564.000 |
17.154.000 |
10.437.000 |
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r68 |
Equity |
3.708.000 |
618.000 |
719.000 |
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r69 |
Registered capital |
200.000 |
206.000 |
200.000 |
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r73 |
Capital funds |
9.218.000 |
10.526.000 |
4.637.000 |
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r78 |
Reserve funds, statutory reserve account for cooperatives, and other retained earnings |
0 |
0 |
0 |
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r81 |
Profit / loss - previous years |
-3.248.000 |
-5.710.000 |
0 |
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r84 |
Profit / loss - current year (+/-) |
-2.462.000 |
-4.404.000 |
-4.118.000 |
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r85 |
Liabilities |
2.856.000 |
16.511.000 |
9.688.000 |
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r86 |
Reserves |
0 |
0 |
0 |
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r91 |
Long-term payables |
0 |
0 |
0 |
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r102 |
Short-term payables |
2.856.000 |
16.511.000 |
9.688.000 |
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r114 |
Bank loans and financial accommodations |
0 |
0 |
0 |
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r118 |
Accruals |
0 |
25.000 |
30.000 |
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PROFIT/LOSS ACCOUNT
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Profit/Loss Account |
31.12.2010 (CZK) |
31.12.2011 (CZK) |
31.12.2012 (CZK) |
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a1 |
Turnover |
28.706.000 |
55.179.000 |
42.713.000 |
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a2 |
Revenues from sold goods |
28.667.000 |
55.171.000 |
42.713.000 |
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a3 |
Expenses on sold goods |
28.488.000 |
54.743.000 |
42.431.000 |
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a4 |
Sale margin |
179.000 |
428.000 |
282.000 |
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a5 |
Production |
39.000 |
8.000 |
0 |
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a9 |
Production consumption |
2.057.000 |
2.020.000 |
3.158.000 |
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a12 |
Added value |
-1.839.000 |
-1.584.000 |
-2.876.000 |
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a13 |
Personnel expenses |
727.000 |
462.000 |
402.000 |
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a18 |
Taxes and fees |
13.000 |
17.000 |
14.000 |
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a19 |
Depreciations of intangible and tangible assets |
0 |
1.390.000 |
560.000 |
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a20 |
Revenues from disposals of fixed assets and materials |
0 |
0 |
1.060.000 |
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a23 |
Net book value of disposed fixed assets and materials |
0 |
0 |
916.000 |
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a26 |
Change in operating reserves and adjustments and complex deferred costs ( + / - ) |
0 |
0 |
0 |
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a27 |
Other operating revenues |
160.000 |
58.000 |
24.000 |
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a28 |
Other operating expenses |
8.000 |
4.000 |
1.000 |
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a29 |
Transfer of operating revenues |
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0 |
0 |
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a30 |
Transfer of operating expenses |
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0 |
0 |
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a31 |
Operating profit / loss |
-2.427.000 |
-3.399.000 |
-3.685.000 |
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a32 |
Revenues from sales of securities and ownership interests |
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0 |
0 |
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a33 |
Sold securities and ownership interests |
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0 |
0 |
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a34 |
Revenues from long-term financial assets |
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0 |
0 |
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a38 |
Revenues from short-term financial assets |
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0 |
0 |
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a39 |
Expenses associated with financial assets |
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0 |
0 |
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a40 |
Revenues from revaluation of securities and derivatives |
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0 |
0 |
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a41 |
Cost of revaluation of securities and derivatives |
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0 |
0 |
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a42 |
Change in financial reserves and adjustments ( + / - ) |
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0 |
0 |
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a43 |
Interest revenues |
0 |
0 |
0 |
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a44 |
Interest expenses |
0 |
65.000 |
111.000 |
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a45 |
Other financial revenues |
1.469.000 |
1.494.000 |
1.250.000 |
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a46 |
Other financial expenses |
1.504.000 |
2.434.000 |
1.572.000 |
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a47 |
Transfer of financial revenues |
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0 |
0 |
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a48 |
Transfer of financial expenses |
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0 |
0 |
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a49 |
Profit / loss from financial operations ( transactions ) |
-35.000 |
-1.005.000 |
-433.000 |
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a50 |
Income tax on ordinary income |
0 |
0 |
0 |
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a53 |
Operating profit / loss ordinary activity |
-2.462.000 |
-4.404.000 |
-4.118.000 |
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a54 |
Extraordinary revenues |
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0 |
0 |
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a55 |
Extraordinary expenses |
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0 |
0 |
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a56 |
Income tax on extraordinary income |
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0 |
0 |
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a59 |
Operating profit / loss extraordinary activity |
0 |
0 |
0 |
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a60 |
Transfer profit ( loss ) to partners (+/-) |
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0 |
0 |
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a61 |
Profit / loss of current accounting period (+/-) |
-2.462.000 |
-4.404.000 |
-4.118.000 |
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a62 |
Profit / loss before tax (+/-) |
-2.462.000 |
-4.404.000 |
-4.118.000 |
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Balance indices |
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31.12.2010 |
31.12.2011 |
31.12.2012 |
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Return on total assets ROA (in %) |
a62/r1 * 100 |
-37,51 |
-25,67 |
-39,46 |
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Return on equity ROE (in %) |
a62/r68 * 100 |
-66,40 |
-712,62 |
-572,74 |
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Return on sales ROS (in %) |
a62/a1 * 100 |
-8,58 |
-7,98 |
-9,64 |
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Turnover of receivables (in days) |
r49/a1 * 365 |
n/a |
n/a |
n/a |
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Turnover of liabilities (in days) |
r103/a1 * 365 |
n/a |
n/a |
n/a |
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Turnover of inventories (days) |
r32/a1 * 365 |
16,96 |
13,69 |
35,22 |
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Net working capital (in ths. CZK) |
r31 - r102 - r116 - r117 |
-764,00 |
-4.861,00 |
-3.485,00 |
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Ratio of accounts payable to accounts receivable (in %) |
(r39+r48) / (r91+r102) * 100 |
20,24 |
57,04 |
19,28 |
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Ratio of profit/loss to tangible assets (in%) |
r3 / a1 * 100 |
15,58 |
8,97 |
8,64 |
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Current ratio |
r31 / (r102+r116+r117) |
n/a |
n/a |
n/a |
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Quick ratio |
(r58+r48) / (r102+r116+r117) |
0,27 |
0,58 |
0,05 |
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Cash ratio |
r58 / (r102+r116+r117) |
n/a |
n/a |
n/a |
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Debt ratio I (in %) |
(1-r68/r67) * 100 |
43,51 |
96,40 |
93,11 |
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Debt ratio II (in %) |
r85/r67 * 100 |
43,51 |
96,25 |
92,82 |
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FOREIGN EXCHANGE RATES
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Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.60.43 |
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|
1 |
Rs.100.23 |
|
Euro |
1 |
Rs.80.35 |
INFORMATION DETAILS
|
Analysis Done by
: |
RAS |
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|
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|
Report Prepared
by : |
NIS |
RATING EXPLANATIONS
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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 |
-- |
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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.