.
MIRA
INFORM REPORT
|
Report Date : |
28.01.2014 |
IDENTIFICATION DETAILS
|
Name : |
LETRIKA D.D. |
|
|
|
|
Registered Office : |
Polje 15 5290 Sempeter pri Gorici |
|
|
|
|
Country : |
|
|
|
|
|
Financials (as on) : |
31.12.2012 |
|
|
|
|
Date of Incorporation : |
07.03.1997 |
|
|
|
|
Com. Reg. No.: |
10005100 |
|
|
|
|
Legal Form : |
Joined stocked Company |
|
|
|
|
Line of Business : |
Manufacture of electrical
and electronic equipment for motor vehicles |
|
|
|
|
No. of Employees : |
1516 |
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 : |
Slow but correct |
|
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, 2013
|
Country Name |
Previous Rating (30.06.2013) |
Current Rating (30.09.2013) |
|
Slovenia |
B1 |
B1 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
|
Moderate |
B1 |
|
High |
B2 |
|
Very High |
C1 |
|
Restricted |
C2 |
|
Off-credit |
D |
SLOVENIA - ECONOMIC OVERVIEW
Slovenia became the first 2004 European Union entrant to adopt the euro (on 1 January 2007) and has experienced one of the most stable political and economic transitions in Central and Southeastern Europe. With the highest per capita GDP in Central Europe, Slovenia has excellent infrastructure, a well-educated work force, and a strategic location between the Balkans and Western Europe. Privatization has lagged since 2002, and the economy has one of the highest levels of state control in the EU. Structural reforms to improve the business environment have allowed for somewhat greater foreign participation in Slovenia's economy and helped to lower unemployment. In March 2004, Slovenia became the first transition country to graduate from borrower status to donor partner at the World Bank. In 2007, Slovenia was invited to begin the process for joining the OECD; it became a member in 2012. Despite its economic success, foreign direct investment (FDI) in Slovenia has lagged behind the region average, and taxes remain relatively high. Furthermore, the labor market is often seen as inflexible, and legacy industries are losing sales to more competitive firms in China, India, and elsewhere. In 2009, the global recession caused the economy to contract - through falling exports and industrial production - by 8%, and unemployment to rise. Although growth resumed in 2010, it dipped into negative territory in 2012 and the unemployment rate continued to rise, approaching 12% in 2012
|
Source
: CIA |
Company identification
|
LETRIKA
D.D. |
Phone |
05 339 30 00 |
|
Polje 15 |
Telefax |
05 339 38 01 |
|
5290 Sempeter pri Gorici |
E-Mail |
|
|
Slovenia |
Web |
|
Crefo Nr. |
9270000078 |
Registration: |
Nova Gorica |
|
Statistical Nr. |
5045410 |
Registration Nr. |
10005100 |
|
Tax Nr. |
SI38329522 |
Status |
Active |
Economic situation
|
Business connection |
Business connection
appear premissable |
|
Terms of payment |
Mostly within agrees
terms, but partly also delayed |
Basic information
Legal
form
Joined stocked Company
Founded
01/01/1960 as
07/03/1997 as Joined
stocked Company
last entry on 19.7.2013
on 2.1.2013 change of company name from ISKRA AVTOELEKTRIKA
d.d. into \ Letrika d.d.
on 31.03.2006 incorporation of the company ISKRA
AVTOELEKTRIKA - \ ORODJARNA d.o.o. Sempeter
on 30.04.1999 incorporation of ISKRA AVTOELEKTRIKA TRGOVINA
d.o.o. on 23.7.1997 incorporation of ISKRA SARA, Gostinstvo, trgovina, \
turizem d.o.o. Sempeter
Registration
07/03/1997, Nova Gorica,
10005100 Statistical Nr.: 5045410 Tax Nr.: SI38329522
Owners and Capital
|
Crefo
Nr. |
Name /
Address / Status |
From |
Share |
|
Head
shareholders |
|||
|
|
small
shareholders |
|
34,01 % |
|
9270001547 |
KOLEKTOR
GROUP d.o.o. Statistical
Nr.: 5034558 Vojkova
ulica 10, 5280 Idrija Slovenia Phone
Nr.: 05 375 01 00 Fax: 05
375 01 50 E-mail: kolektor@kolektor.si |
|
16,98 % |
|
9270147521 |
Modra
zavarovalnica d.d. Statistical
Nr.: 6031226 Dunajska
cesta 119, 1000 Ljubljana Slovenia Phone Nr.:
01 474 67 00 Fax: 01 474 67 47 E-mail: info@kapitalska.druzba.si
WWW: www.kapitalska-druzba.si |
|
14,2% |
|
9270000625 |
NLBd.d. Statistical
Nr.: 5860571 Trg
Republike 2, 1000 Ljubljana Slovenia Phone
Nr.: 01 425 01 55 Fax: 01 425 03 31 E-mail: info@nlb.si WWW:
www.nlb.si |
|
12,2 % |
|
9270035900 |
CBH
d.o.o. - v stecaju Vrunceva
ulica 1, 3000 Celje Slovenia |
|
9,97 % |
|
9270004703 |
Slovenska
odskodninska druZba d.d. Statistical
Nr.: 5727847 MALA
ULICA 5, 1000 LJUBLJANA Slovenia Phone
Nr.: 01 3009110 Fax: 01
3009111 |
|
9270023332
A |
ZVON ENA
HOLDING d.d. - v stecaju Statistical
Nr.: 1853732 Slovenska
ulica 17, 2000 Maribor Slovenia Phone
Nr.: 05 908 0500 Fax: 05
908 0502 E-mail: info@zvonenaholding.si Information
on negative events by shareholder at disposal. |
Registered capital
Date Currency Value
EUR 13.422.742,45
Management
|
Crefo
Nr. |
Name /
Address / Status |
Since Power of attorney |
|
Board of
Directors |
||
|
9270142828 |
Board
member Bojan
Konic Ozeljan
39B, 5261 Sempas Slovenia |
|
|
9270133751 |
chairman
of the board Edvin
Sever Branik
70, 5295 Branik Slovenia |
|
|
Supervisory
Board |
||
|
9270134178 |
chairman
of the supervisory board Ales
KlavZar Resljeva
ulica 12, 1230 DomZale Slovenia |
|
|
9270142831 |
Vice
chairman of the board of directors Andrej
Valetic Goriska
ulica 20, 5290 Sempeter pri Gorici Slovenia |
|
|
9270134506 |
member
of the supervisory board Radovan
Bolko Gorska pot
25, 5280 Idrija Slovenia |
|
|
9270133755 |
member
of the supervisory board TomaZ
Kulot Grcna
58, 5000 Nova Gorica Slovenia |
|
|
9270142829 |
member
of the supervisory board Vida
Skrlj Ulica
Tolminskih puntarjev 28, 5000 Nova Gorica Slovenia |
|
Company addresses
|
Valid
from |
Residence
address |
Valid
until |
|
|
Polje
15, 5290 Sempeter pri Gorici, Slovenia Phone:
05 339 30 00 Telefax: 05 339 38 01 E-Mail: info@letrika.com
Web: www.letrika.com |
|
Subsidiaries
|
Crefo Nr. |
Name / Address / Status |
Valid from |
Share |
|
Owner |
|||
|
9270009188 |
ISKRA ORODJARNA d.o.o. Statistical Nr.: 5563011 Vrtojbenska cesta 62, 5290
Sempeter pri Gorici Slovenia |
|
388.927,14 EUR |
|
9270000256 |
Letrika Bovec d.o.o. Statistical Nr.: 5657512 Industrijska cona 3, 5230
Bovec Slovenia |
|
1.044.701,1 EUR |
|
9270022133 |
Iskra ASING d.o.o. Statistical Nr.: 5690072 Vrtojbenska cesta 62,
5290 Sempeter pri Gorici Slovenia |
|
37.556,33 EUR |
|
9270019990 |
ISKRA AVTOELEKTRIKA
LIVARNA KOMEN, d.o.o. Statistical Nr.: 5576857 KOMEN 139, 6223 KOMEN
Slovenia |
|
568.758 EUR |
|
9270099495 |
PRIMORSKI TEHNOLOSKI PARK
d.o.o. Statistical Nr.: 1491504 Vrtojba, mednarodni
prehod 6, 5290 Sempeter pri Gorici Slovenia |
|
1.564,85 EUR |
Business activities
Main activity Nace
Manufacture of electrical
and electronic equipment for motor vehicles 29.31
Additional activities Nace
Company activity:
manufacture of
electrical and electronic equipment for motor vehicles research, development,
construction of products from production \ program, ..
foreign trade: import-export,
representation, development and \ manufacture of tools, measurements and tests
Headquarters and
business-production premises are located on the \ addres above in extent of
48.000 qm, land in extent of of 135.000 qm
Economic data
Turnover
and Employees
|
Date |
Turnover |
Employees |
|
2007 |
194.089.663 EUR |
|
|
2008 |
228.760.080 EUR |
1817 |
|
2009 |
113.220.986 EUR |
1450 |
|
2010 |
169.347.358 EUR |
1513 |
|
2011 |
201.869.934 EUR |
1497 |
|
2012 |
186.860.951 EUR |
1555 |
|
|
|
1516 |
|
|
|
|
Import / Export
|
|
Import |
Export |
|
Percentage |
Unknown |
Unknown |
|
Countries |
Italy,
Germany, Austria, Poland, France, Croatia |
France, Italy,
Germany, Russia, Great-Britain, USA, Iran, Sweden, Norway, Finland, Japan |
Properties
|
Name |
Detail |
Currency |
Value |
|
Land |
Company's
property |
EUR |
3.572.794 |
|
|
per
31.12.2012 |
|
|
|
Buildings |
Company's
property |
EUR |
16.269.077 |
|
|
per
31.12.2012 |
|
|
Supplementary data
Remarks
company
name:
Letrika,
Proizvodnja elektricne in elektronske opreme za motorna vozila, d.d.
Participation
in capital:
Letrika
Bovec, d.o.o.(100% share)
Letrika Komen
d.o.o.(100% share)
Letrika
Asing d.o.o.(100% share)
Letrika
Bel Ltd. Belarus (100% share)
Letrika
Laktasi d.o.o. (100% share)
Letrika do
Brasil Autoelectrica Ltda,Brazil (99% share)
Letrika
Suzhou Co.Ltd.China (97,68% share)
Letrika
Italia S.r.l.Italy (98,50% share)
Letrika
France S.A.S. France (99,998% share)
Letrika
Deutschland GmbH, Germany (100% share)
Letrika UK
Ltd, Great Britain (100% share)
Letrika
USA, Inc.USA (100% share)
Letrika
Lab d.o.o.(50% share)
Letrika
Sol, d.o.o. (50% share)
Changchun
Iskra Shentou Automotive Electrical Co., Ltd.China(40% share)
SiEva
d.o.o. (20% share) INPRIME d.o.o.(20,84% share) (stand per 31.12.2012)
Banks
|
Code |
Bank
name / Address |
Account
Nr. |
|
122 |
ABANKA
VIPAd.d. Slovenska
cesta 58, 1517 Ljubljana , 1517, |
SI56
0510 0801 0756 031 |
|
106 |
BANKA
KOPER d.d. Pristaniska
14, 6502 Koper, 6502, |
SI56
1010 0003 4802 431 |
|
126 |
BANKA
SPARKASSE d.d. Cesta v
Klece 15, 1000 Ljubljana , 1000, |
SI56
340001001923646 |
|
110 |
GORENJSKA
BANKA d.d. Bleiweisova
cesta 1, 4000 Kranj , 4000, |
SI56
0700 0000 1079 409 |
|
120 |
HYPO
ALPE-ADRIA-BANK d.d. Dunajska
cesta 117, 1000 Ljubljana , 1000, |
SI56
3300 0000 1150 217 |
|
102 |
NOVA
KREDITNA BANKA MARIBOR d.d. Ulica Vita
Kraigherja 4, 2505 Maribor , 2505, |
SI56
0475 0000 0101 028 |
|
100 |
NOVA
LJUBLJANSKA BANKA d.d., LJUBLJANA Trg
republike 2, 1520 Ljubljana , 1250, |
SI56
0224 1001 5932 925 |
|
104 |
SKB
BANKA d.d. LJUBLJANA Ajdovscina
4, 1513 Ljubljana , 1513, |
SI56
0313 0100 5933 832 |
|
134 |
UNICREDIT
BANKA SUOVENIJA d.d. Smartinska
140, 1000 Ljubljana , 1000, |
SI56
2900 0000 1855 370 |
Main indices
Payment experience and credit opinion
|
Terms of
payment |
Mostly within
agrees terms, but partly also delayed |
|
|
Business
connection |
Business
connection appear premissable |
|
Business development
|
Company
development |
Constant |
|
|
|
|
|
Events
No
negative events registered
|
Date |
Company
name |
Kind |
Code |
|
28/02/2012 |
9270023332 ! ZVON ENA HOLDING d.d. - v stecaju |
Opening
of insolvency proceedings Forderun-genanmeldungsfrist war bis 27.5.2012 |
33 |
Balances
Balance
|
|
|
31/12/2012 1 EUR balance |
31/12/2011 1 EUR
balance |
31/12/2010 1 EUR
balance |
31/12/2009 1 EUR
balance |
|
Name |
Ref. |
||||
|
ASSETS
(AKTIVA) |
|
126.515.955 |
138.324.600 |
129.774.381 |
110.899.476 |
|
LONG-TERM
ASSETS |
|
60.707.971 |
57.215.134 |
54.160.397 |
57.965.913 |
|
Intangible
assets and long-term deferred costs and accrued revenues |
|
539.220 |
650.901 |
903.993 |
1.247.113 |
|
Intangible
assets |
|
530.947 |
559.372 |
|
|
|
Long-term
deferred costs and accrued revenues |
|
8.273 |
91.529 |
|
|
|
Tangible
fixed assets |
|
40.952.352 |
37.426.680 |
|
|
|
Long-term
financial investments and Real estate investments |
|
16.826.662 |
17.022.080 |
|
|
|
Investment
property |
|
514.891 |
28.298 |
93.857 |
105.646 |
|
Long-term
financial investments |
|
16.311.770 |
16.993.782 |
14.755.524 |
14.757.970 |
|
Long-term
operating receivables |
|
224.750 |
0 |
157.424 |
|
|
Deferred
receivables for taxes |
|
2.164.987 |
2.115.473 |
2.662.619 |
2.954.816 |
|
SHORT-TERM
ASSETS |
|
65.442.003 |
80.937.046 |
75.565.546 |
52.869.431 |
|
Assets
(group for estrange) for sell |
|
0 |
0 |
|
0 |
|
Inventories |
|
26.056.980 |
32.188.073 |
25.608.150 |
20.562.884 |
|
Short-term
financial investments |
|
675.362 |
743.007 |
0 |
128.319 |
|
Short-term
operating receivables |
|
36.660.429 |
47.865.973 |
42.932.714 |
30.944.974 |
|
Cash
assets |
|
2.049.232 |
139.993 |
6.227.633 |
61.773 |
|
Short-term
deferred costs and accrued revenues |
|
365.981 |
172.420 |
48.438 |
64.131 |
|
Off-balance
sheet items |
|
6.495.113 |
8.813.461 |
|
|
|
LIABILITIES |
|
126.515.955 |
138.324.600 |
129.774.381 |
|
|
CAPITAL |
|
37.526.556 |
35.668.174 |
33.723.043 |
31.015.772 |
|
Called-up
capital |
|
13.442.742 |
13.422.742 |
13.422.742 |
13.422.742 |
|
Basic
(subscribed) capital |
|
13.422.742 |
13.422.742 |
13.422.742 |
13.422.742 |
|
Non
called-up capital (deductive item) |
|
0 |
0 |
0 |
0 |
|
Capital
reserves |
|
17.952.735 |
17.952.735 |
17.952.735 |
17.952.735 |
|
Reserves
from profit |
|
3.647.514 |
2.546.131 |
|
|
|
Surplus from
revaluation |
|
135.356 |
0 |
|
|
|
Retained
net |
|
1.266.827 |
374.217 |
|
|
|
Net
business result for the business year |
|
1.101.382 |
1.372.349 |
2.347.565 |
|
|
PROVISIONS
AND LONG-TERM ACCRUED COSTS AND DEFERRED REVENUES |
|
4.624.460 |
4.960.312 |
4.400.820 |
3.782.227 |
|
FINANCIAL
AND BUSINESS LIABILITIES |
|
83.050.203 |
96.021.968 |
|
|
|
LONG-TERM
LIABILITIES |
|
44.331.545 |
39.454.210 |
47.027.449 |
28.587.438 |
|
Long-term
financial liabilities |
|
44.272.668 |
39.335.333 |
46.848.571 |
28.178.561 |
|
|
|
31/12/2012 1 EUR
balance |
31/12/2011 1 EUR
balance |
31/12/2010 1 EUR
balance |
31/12/2009 1 EUR
balance |
|
Name |
Ref. |
||||
|
Deferred
liabilities for taxes |
|
0 |
0 |
|
0 |
|
SHORT-TERM
LIABILITIES |
|
38.718.658 |
56.567.758 |
42.221.934 |
45.546.710 |
|
Liabilities,
included in groups for estrange |
|
0 |
0 |
|
|
|
Short-term
financial liabilities |
|
7.288.781 |
17.974.082 |
7.396.518 |
|
|
Short-term
operating liabilities |
|
31.429.877 |
38.593.676 |
34.825.417 |
23.803.619 |
|
SHORT-TERM
ACCRUED COSTS AND DEFERRED REVENUES |
|
1.314.736 |
1.674.146 |
2.401.136 |
1.967.328 |
|
Off-balance
sheet items |
|
6.495.113 |
8.813.461 |
|
|
Profit and loss
accounts
31.12.2012
The enclosed
profit and loss account of 2012 is originated from official source, it is not
authenticated by the auditor.
31.12.2011 The enclosed profit and loss account of 2011 is originated
from official source, it is not authenticated by the auditor.
31.12.2010
The enclosed
profit and loss account of 2010 is originated from other source, it is
authenticated by the auditor.
31.12.2009
The enclosed
profit and loss account of 2009 is originated from other source, it is
authenticated by the auditor
|
|
|
31/12/2012 1 EUR profit
and loss account |
31/12/2011 1 EUR profit
and loss account |
31/12/2010 1 EUR profit
and loss account |
31/12/2009 1 EUR profit
and loss account |
|
Name |
Ref. |
||||
|
CAPITAL |
|
|
|
31.015.772 |
|
|
Net
sales |
|
184.917.643 |
194.519.539 |
160.660.135 |
102.265.090 |
|
Changes
in the value of inventories of products and work-in-process |
|
-1.514.372 |
2.873.088 |
3.735.091 |
-3.561.716 |
|
Capitalised
own products and own services |
|
0 |
0 |
|
|
|
Other
operating revenues (with subventions, grants,...) |
|
1.020.063 |
1.580.058 |
1.774.642 |
2.566.875 |
|
GROSS
OPERATING YIELD |
|
184.423.334 |
198.972.685 |
166.169.868 |
101.270.250 |
|
Cost of goods,
material and services |
|
139.042.952 |
149.321.545 |
120.555.883 |
72.578.552 |
|
Purchase
value of goods and materials sold and cost of material and cost of material
used |
|
121.020.200 |
131.761.199 |
|
|
|
Cost of
services |
|
18.022.752 |
17.560.346 |
|
|
|
Labour
cost |
|
33.406.946 |
34.357.521 |
30.896.446 |
30.169.924 |
|
Cost of
wages |
|
24.509.955 |
25.121.827 |
|
|
|
Cost of
pension insurance |
|
2.856.989 |
2.855.474 |
|
|
|
Cost of
other social insurance |
|
1.783.869 |
1.828.402 |
|
|
|
Other
labour cost |
|
4.256.133 |
4.551.818 |
|
|
|
Write-offs |
|
6.584.860 |
8.123.583 |
|
|
|
Depreciation |
|
5.779.542 |
6.033.509 |
6.461.574 |
7.128.204 |
|
Revaluation
operating expenses for non-tangible assets and tangible fixed assets |
|
21.294 |
75.685 |
|
|
|
Revaluation
operating expenses for current assets |
|
784.024 |
2.014.389 |
|
|
|
Other
operating expenses |
|
791.517 |
846.190 |
2.351.268 |
3.709.098 |
|
OPERATING
REVENUES |
|
185.937.706 |
196.099.597 |
|
|
|
OPERATING
EXPENSES |
|
179.826.275 |
192.648.839 |
|
|
|
Name |
Ref. |
31/12/2012 1 EUR profit
and loss account |
31/12/2011 1 EUR profit
and loss account |
31/12/2010 1 EUR profit
and loss account |
31/12/2009 1 EUR profit
and loss account |
|
|
OPERATING
RESULT |
|
6.111.431 |
3.450.758 |
5.904.696 |
|
|
|
EBIT |
|
4.597.059 |
6.323.846 |
|
|
|
|
Financial
income from investments in other enterprises |
|
119.759 |
8.330 |
|
|
|
|
Financial
income from loans |
|
307.081 |
260.454 |
|
|
|
|
Financial
income from operating receivables |
|
2.010.777 |
2.628.465 |
|
|
|
|
Financial
expenses from depreciation and writeoffs of financial investments |
|
18.793 |
110.737 |
|
|
|
|
Financial
expenses from financial liabilities |
|
2.739.495 |
2.929.724 |
|
|
|
|
Financial
expenses from operating liabilities |
|
2.123.138 |
2.888.791 |
|
|
|
|
Financial
income |
|
2.437.617 |
2.897.249 |
3.177.490 |
11.950.736 |
|
|
Financial
expenses |
|
4.881.426 |
5.929.252 |
6.442.423 |
19.063.066 |
|
|
Other
revenues |
|
0 |
0 |
|
|
|
|
Other
expenses |
|
0 |
0 |
|
|
|
|
Total
revenues |
|
186.860.951 |
201.869.934 |
|
|
|
|
Total
costs |
|
184.707.701 |
198.578.091 |
|
|
|
|
Total
business result |
|
2.153.250 |
3.291.843 |
|
|
|
|
Tax on
profit |
|
0 |
0 |
|
|
|
|
Deferred
taxs |
|
-49.514 |
547.146 |
292.198 |
-2.243.075 |
|
|
Net
business result for the accounting period |
|
2.202.764 |
2.744.697 |
2.347.565 |
-17.184.783 |
|
|
Financial
Ratios |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Name |
Ref. |
31/12/2012 |
31/12/2011 |
31/12/2010 |
31/12/2009 |
|
|
Equity
ratio |
1 |
0,11 |
0,10 |
0,10 |
0,12 |
|
|
Cleared
equity ratio |
2 |
0,11 |
0,10 |
0,10 |
0,12 |
|
|
Current
liquidity |
3 |
1,69 |
1,43 |
1,79 |
1,16 |
|
|
Quick
liquidity |
4 |
1,02 |
0,86 |
1,18 |
0,71 |
|
|
Working
capital |
5 |
26723345,00 |
24369288,00 |
33343612,00 |
7322721,00 |
|
|
Gearing |
6 |
9,43 |
10,31 |
9,67 |
|
|
|
Cleared
gearing |
7 |
3,88 |
4,27 |
4,04 |
2,10 |
|
|
Profitability |
8 |
1,15 |
1,63 |
|
|
|
|
Operating
profitability |
9 |
1,18 |
1,36 |
|
|
|
|
Stock
days |
10 |
50,90 |
58,20 |
|
|
|
|
Debtor
days |
11 |
71,61 |
86,55 |
|
|
|
|
Supplier
days |
12 |
61,39 |
69,78 |
|
|
|
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.62.71 |
|
|
1 |
Rs.103.50 |
|
Euro |
1 |
Rs.85.82 |
INFORMATION DETAILS
|
Report Prepared
by : |
NIS |
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.