MIRA INFORM REPORT

 

 

Report Date :

24.12.2014

 

IDENTIFICATION DETAILS

 

Name :

OILTANKING GMBH

 

 

Registered Office :

Admiralitätstr. 55, D 20459 Hamburg, Post Box: 11 10 61

 

 

Country :

Germany

 

 

Financials (as on) :

31.12.2013

 

 

Date of Incorporation :

22.12.1992

 

 

Com. Reg. No.:

HRB 52707

 

 

Legal Form :

Private Limited Company

 

 

Line of Business :

·         Wholesale of Petroleum Products

·         Warehousing

 

 

No. of Employees :

44

 

 

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 – September 30, 2014

 

Country Name

Previous Rating

(30.06.2014)

Current Rating

(30.09.2014)

Germany

A1

A1

 

Risk Category

ECGC Classification

Insignificant

 

A1

Low

 

A2

Moderate

 

B1

High

 

B2

Very High

 

C1

Restricted

 

C2

Off-credit

 

D

 

 

GERMANY - ECONOMIC OVERVIEW

 

The German economy - the fifth largest economy in the world in PPP terms and Europe's largest - is a leading exporter of machinery, vehicles, chemicals, and household equipment and benefits from a highly skilled labor force. Like its Western European neighbors, Germany faces significant demographic challenges to sustained long-term growth. Low fertility rates and declining net immigration are increasing pressure on the country's social welfare system and necessitate structural reforms. Reforms launched by the government of Chancellor Gerhard SCHROEDER (1998-2005), deemed necessary to address chronically high unemployment and low average growth, has contributed to strong growth and falling unemployment. These advances, as well as a government subsidized, reduced working hour scheme, help explain the relatively modest increase in unemployment during the 2008-09 recession - the deepest since World War II - and its decrease to 5.3% in 2013. The new German government introduced a minimum wage of $11 per hour to take effect in 2015. Stimulus and stabilization efforts initiated in 2008 and 2009 and tax cuts introduced in Chancellor Angela MERKEL's second term increased Germany's total budget deficit - including federal, state, and municipal - to 4.1% in 2010, but slower spending and higher tax revenues reduced the deficit to 0.8% in 2011 and in 2012 Germany reached a budget surplus of 0.1%. A constitutional amendment approved in 2009 limits the federal government to structural deficits of no more than 0.35% of GDP per annum as of 2016 though the target was already reached in 2012. Following the March 2011 Fukushima nuclear disaster, Chancellor Angela MERKEL announced in May 2011 that eight of the country's 17 nuclear reactors would be shut down immediately and the remaining plants would close by 2022. Germany hopes to replace nuclear power with renewable energy. Before the shutdown of the eight reactors, Germany relied on nuclear power for 23% of its electricity generating capacity and 46% of its base-load electricity production.

 

Source : CIA

Company Name and address

 

OILTANKING GMBH

 

 Company Status:      active

                      Admiralitätstr. 55

                      D 20459 Hamburg

                      Post Box:

                      11 10 61

                      Telephone:040/370990

                      Telefax:  040/37099499

                      Homepage: www.oiltanking.com

                      E-mail:   info@oiltanking.com

 

 

VAT no.

 

DE811611928

 

 

CONCLUSION

 

Business relations are permissible.

 

 

Company Summary

 

 LEGAL FORM              Private limited company

 Date of foundation:      22.12.1992

 Shareholders'

 agreement:                   22.12.1992

 Registered on:             15.04.1993

 Commercial Register:   Local court 20355 Hamburg

 under:                          HRB 52707

 

 

Share capital

 

EUR        400,000,000.00

 

 

Shareholder

 

                      Marquard & Bahls Aktiengesellschaft

                      Admiralitätstr. 55

                      D 20459 Hamburg

                      Post Box:

                      11 10 21, D 20410 Hamburg

                      Legal form: Public limited company

                      Share capital:     EUR        250,000,000.00

                      Share:             EUR        400,000,000.00

                      Registered on: 21.10.1992

                      Reg. data: 20355 Hamburg, HRB 51271

 Manager:

                      Dr. Franz Christian Flach

                      D 23611 Bad Schwartau

                      born: 09.01.1968

                      Profession: manager

                      Marital status: unknown

 Manager:

                      Julio Nestor Tellechea

                      D 20459 Hamburg

                      born: 08.11.1955

 Proxy:

                      Klaus-Dieter Fröse

                      Lessingstr. 53

                      D 28203 Bremen

                      authorized to jointly represent the company

                      born: 08.05.1959

                      Profession: Businessman

                      Marital status: single

 Proxy:

                      James Flannan Browne

                      D 20095 Hamburg

                      authorized to jointly represent the company

                      born: 29.06.1948

 Proxy:

                      Martin Ginge Aarup

                      D 20459 Hamburg

                      authorized to jointly represent the company

                      born: 06.10.1977

 Proxy:

                      Dario Hector Di Luca

                      D 20459 Hamburg

                      authorized to jointly represent the company

                      born: 23.12.1968

 Proxy:

                      Boris Olivier Oudenbroek

                      D 20459 Hamburg

                      authorized to jointly represent the company

                      born: 19.02.1977

 Proxy:

                      Rance Aubrey Fromme

                      D 20459 Hamburg

                      authorized to jointly represent the company

                      born: 07.12.1974

 

 Further functions/participations of Dr. Franz Christian Flach

 (Manager)

 Manager:

                      OILTANKING BENELUX G.m.b.H.

                      Admiralitätstr. 55

                      D 20459 Hamburg

                      Legal form: Private limited company

                      Share capital:     EUR            330,000.00

                      Registered

                      on:         08.04.1976

                      Reg. data:  20355 Hamburg, HRB 18396

 Manager:

                      M&B Upstream Holding GmbH

                      Admiralitätstr. 55

                      D 20459 Hamburg

                      Legal form: Private limited company

                      Share capital:     EUR         20,000,000.00

                      Registered

                      on:         03.09.2014

                      Reg. data:  20355 Hamburg, HRB 133245

 Manager:

                      Oiltanking India GmbH

                      Admiralitätstr. 55

                      D 20459 Hamburg

                      Legal form: Private limited company

                      Share capital:     EUR          3,000,000.00

                      Registered

                      on:         05.12.1996

                      Reg. data:  20355 Hamburg, HRB 62965

 Manager:

                      M&B Finanzierungs-GmbH

                      Admiralitätstr. 55

                      D 20459 Hamburg

                      Legal form: Private limited company

                      Share capital:     EUR             25,000.00

                      Registered

                      on:         09.12.2014

                      Reg. data:  20355 Hamburg, HRB 134427

 President of the Board of Directors:

                      AFM+E Außenhandelsverband für Mineralöl und

                      Energie e.V.

                      Jägerstr. 6

                      D 10117 Berlin

                      Legal form: Registered association

                      Registered

                      on:         31.05.1961

                      Reg. data:  14057 Berlin, VR 31029

 President of the Board of Directors:

                      Marquard & Bahls Aktiengesellschaft

                      Admiralitätstr. 55

                      D 20459 Hamburg

                      Post Box:

                      11 10 21, D 20410 Hamburg

                      Legal form: Public limited company

                      Share capital:     EUR        250,000,000.00

                      Registered

                      on:         21.10.1992

                      Reg. data:  20355 Hamburg, HRB 51271

 

 Further functions/participations of Julio Nestor Tellechea

 (Manager)

 Manager:

                      MABANAFT International Holding GmbH

                      Admiralitätstr. 55

                      D 20459 Hamburg

                      Legal form: Private limited company

                      Share capital:     EUR          2,000,000.00

                      Registered

                      on:         31.10.1989

                      Reg. data:  20355 Hamburg, HRB 43078

 Manager:

                      Deutsch-Iranische Handelsgesellschaft mbH

                      Admiralitätstr. 55

                      D 20459 Hamburg

                      Legal form: Private limited company

                      Share capital:     EUR             25,564.59

                      Registered

                      on:         12.10.1962

                      Reg. data:  20355 Hamburg, HRB 9932

 Manager:

                      MABANAFT Beteiligungsgesellschaft mbH

                      Admiralitätstr. 55

                      D 20459 Hamburg

                      Legal form: Private limited company

                      Share capital:     EUR             25,564.59

                      Registered

                      on:         13.01.1999

                      Reg. data:  20355 Hamburg, HRB 69649

 Manager:

                      Matrix Marine Holding GmbH

                      Admiralitätstr. 55

                      D 20459 Hamburg

                      Legal form: Private limited company

                      Share capital:     EUR            200,000.00

                      Registered

                      on:         25.09.2003

                      Reg. data:  20355 Hamburg, HRB 88454

 Manager:

                      MABANAFT Verwaltungsgesellschaft mbH

                      Admiralitätstr. 55

                      D 20459 Hamburg

                      Legal form: Private limited company

                      Share capital:     EUR             25,000.00

                      Registered

                      on:         12.05.2003

                      Reg. data:  20355 Hamburg, HRB 87199

 Member of the Board of Directors:

                      Marquard & Bahls Aktiengesellschaft

                      Admiralitätstr. 55

                      D 20459 Hamburg

                      Post Box:

                      11 10 21, D 20410 Hamburg

                      Legal form: Public limited company

                      Share capital:     EUR        250,000,000.00

                      Registered

                      on:         21.10.1992

                      Reg. data:  20355 Hamburg, HRB 51271

 

 

COMPANY HISTORY

 

 22.12.1992 - 14.01.1994  Oiltanking Holding GmbH

                          Admiralitätstr. 55

                          D 20459 Hamburg

                          Private limited company

 

 

RESIGNED ACTING PERSONS AND SHAREHOLDERS

 

 21.08.2012 - 24.03.2014  Manager

                          Carlin George Conner

                          USA Kingwood/Texas US 77345

 11.08.2010 - 10.08.2012  Manager

                          Rutger van Thiel

                          D 20459 Hamburg

 

 

BUSINESS ACTIVITIES

 

Sectors

46712   Wholesale of petroleum products

52100   Warehousing

 

 Subsidiaries are located in: Berlin, Bendorf, Hamburg,     

 Frankfurt, Moorburg, Hamm-Honau, Duisburg, Karlsruhe, Gera,     

 Netherlands, Denmark, Argentina, France, Belgium, USA,   

 India, Malta,Peru, Singapore and Trinidad/Tobago.      

 

 

BRANCHES AND FACTORIES

 

 Branch:

                      Oiltanking GmbH

                      Dieselstr. 2

                      D 60314 Frankfurt

                      TEL.: 069/411667

                      FAX.: 069/424079

 Branch:

                      Oiltanking GmbH

                      Saarstr. 14

                      D 63450 Hanau

                      TEL.: 06181/93600

 

 

PARTICIPATIONS

 

 Limited partner:

                      Oiltanking Deutschland GmbH & Co. KG

                      Admiralitätstr. 55

                      D 20459 Hamburg

                      Post Box:

                      11 10 61

                      Legal form: Ltd partnership with priv. ltd.

                                  company as general partner

                      Company Status: active

                      Total cap.         EUR          7,500,000.00

                      contribution:

                      Share:             EUR          7,500,000.00

                      Reg. data:  06.08.2003

                                  Local court 20355 Hamburg

                                  HRA 98910

 Shareholder:

                      Oiltanking India GmbH

                      Admiralitätstr. 55

                      D 20459 Hamburg

                      Legal form: Private limited company

                      Company Status: active

                      Share capital:     EUR          3,000,000.00

                      Share:             EUR          3,000,000.00

                      Reg. data:  05.12.1996

                                  Local court 20355 Hamburg

                                  HRB 62965

 Shareholder:

                      Oiltanking Odfjell GmbH

                      Admiralitätstr. 55

                      D 20459 Hamburg

                      Legal form: Private limited company

                      Company Status: active

                      Share capital:     EUR          1,000,000.00

                      Share:             EUR            500,700.00

                      Reg. data:  28.05.2004

                                  Local court 20355 Hamburg

                                  HRB 90669

 Shareholder:

                      OILTANKING BENELUX G.m.b.H.

                      Admiralitätstr. 55

                      D 20459 Hamburg

                      Legal form: Private limited company

                      Company Status: active

                      Share capital:     EUR            330,000.00

                      Share:             EUR            330,000.00

                      Reg. data:  08.04.1976

                                  Local court 20355 Hamburg

                                  HRB 18396

 Shareholder:

                      Oiltanking Deutschland

                      Beteiligungsgesellschaft mbH

                      Admiralitätstr. 55

                      D 20459 Hamburg

                      Legal form: Private limited company

                      Company Status: active

                      Share capital:     EUR             25,000.00

                      Share:             EUR             25,000.00

                      Reg. data:  17.01.2003

                                  Local court 20355 Hamburg

                                  HRB 86107

 Shareholder:

                      Oiltanking Peru GmbH

                      Admiralitätstr. 55

                      D 20459 Hamburg

                      Legal form: Private limited company

                      Company Status: active

                      Share capital:     EUR             25,000.00

                      Share:             EUR             25,000.00

                      Reg. data:  15.12.2009

                                  Local court 20355 Hamburg

                                  HRB 11194                                                                 

 

 

Foreign participations:                                                            

                                                                                                                                    %

- Chemoil Storage Limited, Marshall Islands                100,00

- Colon Oil and Services S.A., Panama/Panama               100,00

- Daya Bay Public Pipe Reck Co., Ltd., Huizhou/China        80,82

- Helios Terminal Corporation Pte. Ltd, Singapur/Singapur  100,00

- Oiltanking Amsterdam B.V., Amsterdam/Niederlande          55,00

- Oiltanking Appell, LLC., Houston/USA                      71,03

- Oiltanking Argentina S.A., Buenos Aires/Argentinien      100,00

- Oiltanking Asia Pacific Pte. Ltd., Singapur/Singapur     100,00

- Oiltanking Beaumont Speclalty Products LLC., Houston/USA  71,03

- OTB Holdco, LLC, Wilmington/USA                          100,00

- OTB GP, LLC, Wilmington/USA                              100,00

- Oiltanking Beaumont Partners, LP., Wilmington/USA         71,03

- Oiltanking Beaumont GP, L.L.C., Wilmington/USA            71,03

- Oiltanking Johiet, LLC, Wilmington/USA                   100,00

- Olitanking Logistica Argentina S.A., Buenos Aires             

  /Argentinien                                             100,00

- Olitanking Malta Ltd., Birzebuggia/Malta                  55,00

- Oiltanking Mayo S. de R.L. de C.V., Mexiko/Mexiko        100,00

- Oiltanking MEA Ltd, Hamilton/Bermudas                    100,00

- Oiltanking Mediaco Marseille S.A.S. I.L., Marseille/          

  Frankreich                                                60,00

- Oiltanking Mexico S. de R.L, de C.V., Mexiko City/            

  Mexiko                                                   100,00

- Oiltanking (Nanjing) Co., Ltd., Nanjing/China             76,59

- Oiltanking North America LLC,, Wilmington/USA            100,00

- Oiltanking Olmeca S. de R.L. de C.V., Mexiko/Mexiko      100,00

- Oiltanking Panama S.A., Panama/Panama                    100,00

- Oiltanking Partners L.P., Wilmington/USA                  71,03

- OTLP GP, LLC, Wilmington/USA                             100,00

- Oiltanking Peru S.A.C., Lima/Peru                        100,00

- Oiltanking Pittsburg, LLC, Wilmington/USA                100,00

- Oiltanking Port Neches, LLC, Houston/USA                 100,00

- Olitanking Singapore Ltd, Singapur/Singapur               55,00

- Oiltanking Sonmarin Oy, Helsinki/Finnland                100,00

- Oiltanking Stolthaven Antwerp NV, Antwerpen/Belgien       50,00

- OILTANKING TALLINN AS, Tallinn/Estland                   100,00

- Oiltanking Terminals Ltda., Rio de Janeiro/Brasilien      95,00

- Oiltanking Terneuzen B.V., Terneuzen/Niederlande         100,00

- Oiltanking Texas City, L.P., Houston/USA                 100,00

- OTTC GP LLC, Houston/USA                                 100,00

- WesPac Energy-Pittsburg, LLC, Wilmington/USA              75,00

- OTI Terminal Pte. Ltd., Singapur/Singapur                100,00

- Pipe Rack Holding Company Pte, Ltd., Singapur/Singapore   80,82

- PT Olitanking Karimun, Jakarta/Indonesien                 95,00

- PT Olitanking Merak, Jakarta/Indonesien                   70,00

- United Bulk Terminals USA, Inc., Wilmington/USA          100,00

- United Bulk Terminals Davant, LLC., New Orleans/USA      100,00

- United Ocean Chartering, LLC, New Orleans/USA            100,00

- Oiltanking Polska Sp.z o.o. i.L., Danzig/Polen           100,00

 

 

FINANCIAL INFORMATION

 

Payment experience:  within periods customary in this trade

 

Negative information:We have no negative information at hand.

 

Balance sheet year:  2013

 

 

REAL ESTATE

 

 Type of ownership:       Tenant

 Address                       Admiralitätstr. 55

                                    D 20459 Hamburg

 

 Land register documents were not available.

 

 

BANKERS

 

 DEUTSCHE BANK, 20079 HAMBURG

 Sort. code: 20070000

 BIC: DEUTDEHHXXX

 HSH NORDBANK HAMBURG, 20079 HAMBURG

 Sort. code: 20050000

 BIC: HSHNDEHH200

 UNICREDIT BANK - HYPOVEREINSBANK, 20454 HAMBURG

 Sort. code: 20030000

 BIC: HYVEDEMM300

 

 

FINANCIAL FIGURES

 

 Turnover:            2012              *EUR         14,300,000.00

                      2013              *EUR         14,300,000.00

 Profit:              2012               EUR         75,048,565.00

 further business figures:

 Equipment:                              EUR            393,772.00

 Ac/ts receivable:                       EUR         28,808,314.00

 Liabilities:                            EUR         76,258,447.00

 Employees:                                                     44

 

 The business figures marked with an asterisk are estimates based on average values in the line of business.

 

 

BALANCE SHEETS

 

 Balance sheet ratios 01.01.2013 - 31.12.2013

 Equity ratio [%]:                 87.84

 Liquidity ratio:                   0.70

 Return on total capital [%]:     -29.08

 

 Balance sheet ratios 01.01.2012 - 31.12.2012

 Equity ratio [%]:                 71.75

 Liquidity ratio:                   0.13

 Return on total capital [%]:      11.00

 

 Balance sheet ratios 01.01.2011 - 31.12.2011

 Equity ratio [%]:                 98.54

 Liquidity ratio:                  10.00

 Return on total capital [%]:      34.49

 

 Balance sheet ratios 01.01.2010 - 31.12.2010

 Equity ratio [%]:                 95.76

 Liquidity ratio:                  10.00

 Return on total capital [%]:      23.25

 

 Equity ratio

 The equity ratio indicates the portion of the equity as compared

 to the total capital. The higher the equity ratio, the better the

 economic stability (solvency) and thus the financial autonomy of

 a company.

 

 Liquidity ratio

 The liquidity ratio shows the proportion between adjusted

 receivables and net liabilities. The higher the ratio, the lower

 the company's financial dependancy from external creditors.

 

 Return on total capital

 The return on total capital shows the efficiency and return on

 the total capital employed in the company. The higher the return

 on total capital, the more economically does the company work

 with the invested capital.

 

 

 Type of balance sheet:                    Company balance sheet

 

 Financial year:                          01.01.2013 - 31.12.2013

 

 ASSETS                                  EUR        675,422,674.29

  Fixed assets                           EUR        611,411,845.25

   Intangible assets                     EUR            369,379.68

    Concessions, licences, rights        EUR            165,915.68

    Advance payments for intang. assets  EUR            203,464.00

   Tangible assets                       EUR            393,772.45

    Other tangible assets / fixtures and

    fittings                             EUR            393,772.45

   Financial assets                      EUR        610,648,693.12

    Shares in participations /

    subsidiaries and the like            EUR        604,273,741.78

    Loans to participations /

    subsidiaries and the like            EUR          5,803,475.38

    Other loans                          EUR            571,475.96

  Current assets                         EUR         63,705,429.61

   Accounts receivable                   EUR         28,808,314.24

    Amounts due from related companies   EUR         16,449,686.17

    Amounts due from investee companies  EUR          9,127,585.85

    Other debtors and assets             EUR          3,231,042.22

   Liquid means                          EUR         34,897,115.37

  Remaining other assets                 EUR            305,399.43

   Accruals (assets)                     EUR            305,399.43

 

 LIABILITIES                             EUR        675,422,674.29

  Shareholders' equity                   EUR        593,260,230.85

   Capital                               EUR        400,000,000.00

    Subscribed capital (share capital)   EUR        400,000,000.00

   Balance sheet profit/loss (+/-)       EUR        193,260,230.85

    Balance sheet profit / loss          EUR        193,260,230.85

  Provisions                             EUR          5,903,996.42

   Pension provisions and comparable

   provisions                            EUR          1,279,794.00

   Provisions for taxes                  EUR             84,000.00

   Other / unspecified provisions        EUR          4,540,202.42

  Liabilities                            EUR         76,258,447.02

   Financial debts                       EUR              7,509.97

    Liabilities due to banks             EUR              7,509.97

   Other liabilities                     EUR         76,250,937.05

    Trade creditors (for IAS incl. bills

    of exchange)                         EUR            464,879.14

    Liabililties due to related companiesEUR         71,938,595.52

    Liabilities due to investee companiesEUR          2,743,346.82

    Unspecified other liabilities        EUR          1,104,115.57

  Guarantees and other commitments       EUR      1,161,659,410.13

   Guarantees / warranties               EUR      1,161,659,410.13

 

 Type of balance sheet:                   Company balance sheet

 

 Financial year:                          01.01.2012 - 31.12.2012

 

 ASSETS                                  EUR        682,518,882.98

  Fixed assets                           EUR        656,912,144.24

   Intangible assets                     EUR            112,740.03

    Concessions, licences, rights        EUR            112,740.03

   Tangible assets                       EUR            448,439.37

    Other tangible assets / fixtures and

    fittings                             EUR            448,439.37

   Financial assets                      EUR        656,350,964.84

    Shares in participations /

    subsidiaries and the like            EUR        652,350,288.66

    Loans to participations /

    subsidiaries and the like            EUR          4,000,676.18

  Current assets                         EUR         25,338,640.23

   Accounts receivable                   EUR         23,726,877.32

    Amounts due from related companies   EUR         20,389,819.30

    Amounts due from investee companies  EUR          2,088,914.27

    Other debtors and assets             EUR          1,248,143.75

   Liquid means                          EUR          1,611,762.91

  Remaining other assets                 EUR            268,098.51

   Accruals (assets)                     EUR            268,098.51

 

 LIABILITIES                             EUR        682,518,882.98

  Shareholders' equity                   EUR        489,700,620.50

   Capital                               EUR        100,000,000.00

    Subscribed capital (share capital)   EUR        100,000,000.00

   Balance sheet profit/loss (+/-)       EUR        389,700,620.50

    Profit / loss brought forward        EUR        314,652,055.08

    Annual surplus / annual deficit      EUR         75,048,565.42

  Provisions                             EUR          5,822,049.94

   Pension provisions and comparable

   provisions                            EUR          1,271,925.00

   Provisions for taxes                  EUR            205,026.00

   Other / unspecified provisions        EUR          4,345,098.94

  Liabilities                            EUR        186,996,212.54

   Financial debts                       EUR             11,397.84

    Liabilities due to banks             EUR             11,397.84

   Other liabilities                     EUR        186,984,814.70

    Trade creditors (for IAS incl. bills

    of exchange)                         EUR            364,013.88

    Liabililties due to related companiesEUR        184,195,510.85

    Liabilities due to investee companiesEUR            716,660.60

    Unspecified other liabilities        EUR          1,708,629.37

  Guarantees and other commitments       EUR      1,124,209,046.48

   Guarantees / warranties               EUR      1,124,209,046.48

 

Selected figures for the group:

                                    2013                     2012

                                    TEUR                      EUR

Sales                         15.862.316               18.258.929

Annual surplus                   112.268                  106.409

Receivables                    1.214.438                1.237.383

Liabilties                     1.522.034                1.584.337

Number of employees                4.920                    4.782

 

FOREIGN EXCHANGE RATES

 

Currency
Unit

Indian Rupees

US Dollar

1

Rs.63.45

UK Pound

1

Rs.98.88

Euro

1

Rs.77.62

 

INFORMATION DETAILS

 

Analysis Done by :

RAS

 

 

Report Prepared by :

NIT

 

               

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%)

 

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This report is issued at your request without any risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL) or its officials.