MIRA INFORM REPORT

 

 

Report Date :

09.07.2014

 

IDENTIFICATION DETAILS

 

Name :

EGE PROFIL TICARET VE SANAYI A.S.

 

 

Registered Office :

Ataturk Organize Sanayi Bolgesi 10003 Sok. No:5 Cigli Izmir

 

 

Country :

Turkey

 

 

Financials (as on) :

31.03.2014 (Consolidated)

 

 

Date of Incorporation :

13.01.1981

 

 

Com. Reg. No.:

10289-K-2159

 

 

Legal Form :

Joint Stock Company

 

 

Line of Business :

Manufacturer and trader of PVC Profiles, PVC Window Frames, Rigid Plastic Pipes and Fittings, Scrap Plastic Granules Obtained and Painting, Plastic Profiles, Rods & Ring Band

 

 

No of Employees :

626

 

RATING & COMMENTS

 

MIRA’s Rating :

B

 

RATING

STATUS

PROPOSED CREDIT LINE

26-40

B

Capability to overcome financial difficulties seems comparatively below average.

Small

 

Status :

Moderate

 

 

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 – March 31, 2014

 

Country Name

Previous Rating

(31.12.2013)

Current Rating

(31.03.2014)

Turkey

B1

B1

 

Risk Category

ECGC Classification

Insignificant

 

A1

Low Risk

 

A2

Moderate Low Risk

 

B1

Moderate Risk

 

B2

Moderate High Risk

 

C1

High Risk

 

C2

Very High Risk

 

D

 

Turkey ECONOMIC OVERVIEW

 

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 Turkey's export mix. Oil began to flow through the Baku-Tbilisi-Ceyhan pipeline in May 2006, marking a major milestone that will bring up to 1 million barrels per day from the Caspian to market. Several gas pipelines projects also are moving forward to help transport Central Asian gas to Europe through Turkey, which over the long term will help address Turkey's dependence on imported oil and gas to meet 97% of its energy needs. After Turkey experienced a severe financial crisis in 2001, Ankara adopted financial and fiscal reforms as part of an IMF program. The reforms strengthened the country's economic fundamentals and ushered in an era of strong growth - averaging more than 6% annually until 2008. Global economic conditions and tighter fiscal policy caused GDP to contract in 2009, but Turkey's well-regulated financial markets and banking system helped the country weather the global financial crisis and GDP rebounded strongly to around 9% in 2010-11, as exports returned to normal levels following the recession. Growth dropped to roughly 3% in 2012-13. Turkey's public sector debt to GDP ratio has fallen below 40%, and at least one rating agency upgraded Turkey's debt to investment grade in 2012. Turkey remains dependent on often volatile, short-term investment to finance its large trade deficit. The stock value of FDI reached nearly $195 billion at year-end 2013, reflecting Turkey's good growth even in the face of economic turmoil in Europe, the source of much of Turkey's FDI. Turkey's relatively high current account deficit, uncertainty related to monetary policy-making, and political turmoil within Turkey's neighborhood leave the economy vulnerable to destabilizing shifts in investor confidence.

 

 

Source : CIA

 

 

COMPANY IDENTIFICATION

 

 

NAME

:

EGE PROFIL TICARET VE SANAYI A.S.

HEAD OFFICE ADDRESS

:

Ataturk Organize Sanayi Bolgesi 10003 Sok. No:5 Cigli Izmir / Turkey

PHONE NUMBER

:

90-232-328 11 37

90-232-398 98 98

 

FAX NUMBER

:

90-232-328 11 39

90-232-328 18 82

90-232-376 71 63

 

WEB-ADDRESS

:

www.egeprofil.com.tr

E-MAIL

:

info@egeprofil.com.tr

 

 

LEGAL STATUS AND HISTORY

 

 

TAX OFFICE

:

Hasan Tahsin

TAX NO

:

3250054933

REGISTRATION NUMBER

:

10289-K-2159

REGISTERED OFFICE

:

Izmir Chamber of Commerce

DATE ESTABLISHED

:

13.01.1981

LEGAL FORM

:

Joint Stock Company

TYPE OF COMPANY

:

Private

AUTHORIZED CAPITAL

:

TL   120.000.000

PAID-IN CAPITAL

:

TL   59.566.900

HISTORY

:

Other Changes

:

The authorized capital was increased from TL 40.000.000 to TL 120.000.000

Changed On

:

17.04.2007 (Commercial Gazette Date /Number 25.04.2007/ 6794)

Other Changes

:

The paid-in capital was increased from TL 45.365.000 to TL 59.566.900

Changed On

:

17.06.2008 (Commercial Gazette Date /Number 23.06.2008/ 7089)

 

 

OWNERSHIP / MANAGEMENT

 

 

NOTES ON OWNERSHIP / MANAGEMENT

 

:

Quoted at Stock Exchange.

SHAREHOLDERS

:

Deceuninck Plastics Industries NV  (Belgium)

97,54 %

Open to Public

2,46 %

 

 

BOARD OF DIRECTORS

:

Clement Edmond  De Meersman

Chairman

Marcel Klepfisch

Member

Yasemin Unlu Romano

Member

Tom A. Debusschere

Member

Ergun Cicekci

Member

 

 

DIRECTORS

:

Ergun Cicekci                                                                                                                                                                                                                                                                                   

General Manager

Koen Kurt Vergote                                                                                                                                                                                                                                                                                   

Finance Director

Nurcan Gungor                                                                                                                                                                                                                                                                                   

Finance Director

 

 

OPERATIONS

 

 

BUSINESS ACTIVITIES

:

Manufacturer and trader of PVC Profiles, PVC Window Frames, Rigid Plastic Pipes and Fittings, Scrap Plastic Granules Obtained and Painting, Plastic Profiles, Rods & Ring Band

NACE CODE

:

DH.25.23

 

SECTOR

:

Plastics

 

TRADEMARKS OWNED

:

Egepen Deceuninck

Flora

Inoutic

Twinson

Winsa

 

NUMBER OF EMPLOYEES

:

626

 

NET SALES

:

1.876.560 TL

(1996) 

4.994.163 TL

(1997) 

5.792.790 TL

(1998) 

8.670.512 TL

(1999) 

16.297.560 TL

(2000) 

24.488.531 TL

(2001) 

43.539.369 TL

(2002) 

70.007.100 TL

(2003) 

97.999.755 TL

(2004) 

139.800.357 TL

(2005) 

172.157.397 TL

(2006) 

199.914.581 TL

(2007) 

204.639.389 TL

(2008) 

188.738.725 TL

(2009) 

224.643.484 TL

(2010) 

254.791.872 TL

(2011) 

296.041.699 TL

(2012) 

316.779 TL Thousand

(2013) 

77.319 TL Thousand

(01.01-31.03.2014) 

 

 

PRODUCTION

:

  ( kgs )

 

 

 

35.731.821

 

 

(2005)

42.450.658

 

 

(2006)

44.731.359

 

 

(2007)

47.501.933

 

 

(2008)

41.646.055

 

 

(2009)

51.124.333

 

 

(2010)

52.540.000

 

 

(2011)

55.750.599

 

 

(2012)

14.482.000

 

 

(01.01-31.03.2013)

 

 

 

 

IMPORT VALUE

:

335.378 TL

(1997)

988.351 TL

(1998)

2.565.474 TL

(1999)

5.257.510 TL

(2000)

7.898.802 TL

(2001)

15.007.251 TL

(2002)

15.444.669 USD

(2003)

36.114.804 USD

(2004)

47.017.100 USD

(2005)

60.808.496 USD

(2006)

38.420.000 EUR

(2007)

63.358.378 TL

(2008)

41.074.685 TL

(2009)

91.680.428 TL

(2010)

47.209.000 EUR

(2011)

94.673.299 TL

(2012)

131.853.306 TL

(2013)

1.664.675 TL

(01.01-31.03.2014)

IMPORT COUNTRIES

:

Germany

Israel

Greece

Austria

Kazakhstan

France

Italy

U.S.A.

Australia

South Africa

 

MERCHANDISE IMPORTED

:

Machinery

Raw materials

 

EXPORT VALUE

:

330.530 TL

(1997)

340.442 TL

(1998)

645.635 TL

(1999)

1.946.793 TL

(2000)

1.968.435 TL

(2001)

2.854.859 TL

(2002)

3.209.130 USD

(2003)

10.324.660 USD

(2004)

22.125.922 TL

(2005)

26.758.889 TL

(2006)

37.276.845 TL

(2007)

41.811.032 TL

(2008)

32.291.820 TL

(2009)

31.828.851 TL

(2010)

11.802.000 EUR

(2011)

35.133.555 TL

(2012)

47.513.394 TL

(2013)

10.407.950 TL

(01.01-31.03.2014)

 

 

EXPORT COUNTRIES

:

Belgium

Bulgaria

Greece

Jordan

Kuwait

Morocco

Northern Cyprus Turkish Republic

Russia

Spain

U.A.E.

Egypt

Libya

Kazakhstan

Ukraine

Romania

Australia

Germany

Iran

Oman

Singapore

 

MERCHANDISE  EXPORTED

:

Aluminum bars

Bolts

Clasps

Hinges

Iron

Keys

Locks

Plastic articles

PVC profile

Screws

Steel

 

HEAD OFFICE ADDRESS

:

Ataturk Organize Sanayi Bolgesi 10003 Sok. No:5 Cigli  Izmir / Turkey ( owned )

 

BRANCHES

:

Regional Directorate  :  Turan Gunes Bulvari 708 Sokak No:14 D:8 Yidiz Cankaya Ankara/Turkey

 

Regional Directorate  :  Ruzgarlibahce Cad. Yeni Parseller Sok. Impa Plaza No:6 K:2 Kavacik-Beykoz Istanbul/Turkey

 

Regional Directorate  :   Izmir/Turkey

 

Regional Directorate  :  Halyolu Cad. Bay Plaza K:12 Atasehir Istanbul/Turkey

 

Regional Directorate  :  Belediye Evleri Mahallesi Turgut Ozal Bulvari No:245 Aysun Mercimek Apt. Kat:1 D:2 Seyhan Adana/Turkey

 

Factory  :  Kizilcikli Mah. Inonu Cad. Suadiye Yolu Uzeri No:1 Sarimese Beldesi Izmit Kocaeli/Turkey  (16.000 sqm)

 

Head Office/Factory  :  Ataturk Organize Sanayi Bolgesi 10003 Sok. No: 5 Cigli Izmir/Turkey (owned) (15.000 sqm)

 

Branch Office  :  Wastend Mall Kat:10 Hotel Hiton Yani Janak Puri 110058 Delhi /India   

 

 

TREND OF BUSINESS

:

Trend of business was steady in  2013.

SIZE OF BUSINESS

:

Giant

 

 

 

FINANCE

 

 

MAIN DEALING BANKS

:

Abn Amro Bank Istanbul Branch

Yapi ve Kredi Bankasi Fuar Branch

 

CREDIT FACILITIES

:

The subject company is making use of credit facilities.

 

PAYMENT BEHAVIOUR

:

No payment delays have come to our knowledge.

 

KEY FINANCIAL ELEMENTS

:

 

(2010) TL

(2011) TL

(2012) TL

(2013) TL Thousand

(01.01-31.03.2014) TL Thousand

Net Sales

224.643.484

254.791.872

296.041.699

316.779

77.319

Profit (Loss) Before Tax

19.919.912

13.441.492

24.660.521

20.112

-1.604

Stockholders' Equity

113.102.992

123.839.779

156.646.727

166.299

164.912

Total Assets

250.488.232

280.191.847

332.205.430

358.653

399.386

Current Assets

181.435.460

206.396.042

241.775.861

258.984

295.085

Non-Current Assets

69.052.772

73.795.805

90.429.569

99.669

104.301

Current Liabilities

117.694.902

131.876.223

144.769.726

125.805

207.673

Long-Term Liabilities

19.690.338

24.475.845

30.788.977

66.549

26.801

Gross Profit (loss)

63.061.027

64.317.604

80.384.818

87.742

15.924

Operating Profit (loss)

24.500.016

19.592.028

31.229.742

31.271

1.206

Net Profit (loss)

15.705.005

10.736.787

19.716.258

15.694

-1.178

 

 

COMMENT ON FINANCIAL POSITION

 

Capitalization

Satisfactory As of 31.03.2014

Liquidity

Satisfactory As of 31.03.2014

Remarks On Liquidity

The unfavorable gap between average collection and average payable period has an adverse effect on liquidity.

Profitability

High Operating Profitability  in 2010

High Net Profitability  in 2010

Good Operating Profitability  in 2011

Good Net Profitability  in 2011

High Operating Profitability  in 2012

High Net Profitability  in 2012

High Operating Profitability  in 2013

Good Net Profitability  in 2013

Fair Operating Profitability (01.01-31.03.2014)

Net Loss (01.01-31.03.2014)

 

Gap between average collection and payable periods

Unfavorable in 01.01-31.03.2014

General Financial Position

Fair

 

 

Incr. in producers’ price index

 

Average USD/TL

Average EUR/TL

Average GBP/ TL

 ( 2003 )

13,90 %

1,5302

1,7141

2,4982

 ( 2004 )

13,84 %

1,4266

1,7666

2,6001

 ( 2005 )

2,66 %

1,3499

1,6882

2,4623

 ( 2006 )

11,58 %

1,4309

1,7987

2,6377

 ( 2007 )

5,94 %

1,3075

1,7901

2,6133

 ( 2008 )

8,11 %

1,2858

1,8876

2,3708

 ( 2009 )

5,93 %

1,5460

2,1529

2,4094

 ( 2010 )

8,87 %

1,5128

2,0096

2,3410

 ( 2011 )

13,33 %

1,6797

2,3378

2,6863

 ( 2012 )

2,45 %

1,7995

2,3265

2,8593

 ( 01.01-30.06.2013)

2,46 %

1,8251

2,3936

2,8262

 ( 2013 )

6,97 %

1,9179

2,5530

3,0178

 ( 01.01-31.03.2014)

5,52 %

2,1961

3,0116

3,6488

 ( 01.01-31.05.2014)

5,06 %

2,1665

2,9715

3,6133

 

 

NOTES ON FINANCIAL STATEMENTS

:

Financial statements are consolidated..

 

 

BALANCE SHEETS

 

 

 ( 31.12.2010 )  TL

 

 ( 31.12.2011 )  TL

 

 ( 31.12.2012 )  TL

 

 ( 31.12.2013 )  TL Thousand

 

 ( 31.03.2014 )  TL Thousand

 

CURRENT ASSETS

181.435.460

0,72

206.396.042

0,74

241.775.861

0,73

258.984

0,72

295.085

0,74

Not Detailed Current Assets

0

0,00

0

0,00

0

0,00

0

0,00

0

0,00

Cash and Banks

35.081.879

0,14

14.631.180

0,05

33.339.561

0,10

38.257

0,11

30.759

0,08

Marketable Securities

0

0,00

0

0,00

0

0,00

0

0,00

0

0,00

Account Receivable

123.087.027

0,49

152.068.437

0,54

181.724.409

0,55

172.542

0,48

199.939

0,50

Other Receivable

741.997

0,00

251.746

0,00

409.741

0,00

159

0,00

504

0,00

Inventories

19.023.622

0,08

30.758.269

0,11

21.633.829

0,07

33.168

0,09

52.445

0,13

Advances Given

0

0,00

0

0,00

0

0,00

0

0,00

0

0,00

Accumulated Construction Expense

0

0,00

0

0,00

0

0,00

0

0,00

0

0,00

Other Current Assets

3.500.935

0,01

8.686.410

0,03

4.668.321

0,01

14.858

0,04

11.438

0,03

NON-CURRENT ASSETS

69.052.772

0,28

73.795.805

0,26

90.429.569

0,27

99.669

0,28

104.301

0,26

Not Detailed Non-Current Assets

0

0,00

0

0,00

0

0,00

0

0,00

0

0,00

Long-term Receivable

129.007

0,00

158.992

0,00

159.079

0,00

247

0,00

283

0,00

Financial Assets

0

0,00

0

0,00

0

0,00

0

0,00

0

0,00

Tangible Fixed Assets (net)

61.728.329

0,25

64.977.829

0,23

83.164.813

0,25

92.597

0,26

93.473

0,23

Intangible Assets

7.142.547

0,03

7.036.563

0,03

6.907.537

0,02

6.779

0,02

6.748

0,02

Deferred Tax Assets

0

0,00

0

0,00

0

0,00

0

0,00

0

0,00

Other Non-Current Assets

52.889

0,00

1.622.421

0,01

198.140

0,00

46

0,00

3.797

0,01

TOTAL ASSETS

250.488.232

1,00

280.191.847

1,00

332.205.430

1,00

358.653

1,00

399.386

1,00

CURRENT LIABILITIES

117.694.902

0,47

131.876.223

0,47

144.769.726

0,44

125.805

0,35

207.673

0,52

Not Detailed Current Liabilities

0

0,00

0

0,00

0

0,00

0

0,00

0

0,00

Financial Loans

61.522.335

0,25

69.797.136

0,25

53.576.954

0,16

28.522

0,08

81.052

0,20

Accounts Payable

27.043.274

0,11

29.342.519

0,10

44.972.595

0,14

56.470

0,16

63.952

0,16

Loans from Shareholders

0

0,00

0

0,00

0

0,00

0

0,00

0

0,00

Other Short-term Payable

24.322.875

0,10

27.472.187

0,10

38.711.812

0,12

1.703

0,00

1.504

0,00

Advances from Customers

0

0,00

0

0,00

0

0,00

0

0,00

0

0,00

Accumulated Construction Income

0

0,00

0

0,00

0

0,00

0

0,00

0

0,00

Taxes Payable

645.939

0,00

622.018

0,00

410.231

0,00

52

0,00

1.115

0,00

Provisions

1.114.657

0,00

1.828.627

0,01

2.133.603

0,01

2.025

0,01

2.405

0,01

Other Current Liabilities

3.045.822

0,01

2.813.736

0,01

4.964.531

0,01

37.033

0,10

57.645

0,14

LONG-TERM LIABILITIES

19.690.338

0,08

24.475.845

0,09

30.788.977

0,09

66.549

0,19

26.801

0,07

Not Detailed Long-term Liabilities

0

0,00

0

0,00

0

0,00

0

0,00

0

0,00

Financial Loans

12.877.764

0,05

18.572.880

0,07

22.666.667

0,07

57.428

0,16

19.000

0,05

Securities Issued

0

0,00

0

0,00

0

0,00

0

0,00

0

0,00

Long-term Payable

0

0,00

0

0,00

0

0,00

0

0,00

0

0,00

Loans from Shareholders

0

0,00

0

0,00

0

0,00

0

0,00

0

0,00

Other Long-term Liabilities

4.870.502

0,02

3.627.404

0,01

5.290.723

0,02

5.866

0,02

4.274

0,01

Provisions

1.942.072

0,01

2.275.561

0,01

2.831.587

0,01

3.255

0,01

3.527

0,01

STOCKHOLDERS' EQUITY

113.102.992

0,45

123.839.779

0,44

156.646.727

0,47

166.299

0,46

164.912

0,41

Not Detailed Stockholders' Equity

0

0,00

0

0,00

0

0,00

0

0,00

0

0,00

Paid-in Capital

59.566.900

0,24

59.566.900

0,21

59.566.900

0,18

59.566

0,17

59.566

0,15

Cross Shareholding Adjustment of Capital

0

0,00

0

0,00

0

0,00

0

0,00

0

0,00

Inflation Adjustment of Capital

7.840.703

0,03

7.840.703

0,03

7.840.703

0,02

7.841

0,02

7.841

0,02

Equity of Consolidated Firms

0

0,00

0

0,00

0

0,00

0

0,00

0

0,00

Reserves

23.435.772

0,09

39.344.474

0,14

50.395.071

0,15

64.919

0,18

80.565

0,20

Revaluation Fund

6.554.612

0,03

6.350.915

0,02

19.127.795

0,06

18.279

0,05

18.118

0,05

Accumulated Losses(-)

0

0,00

0

0,00

0

0,00

0

0,00

0

0,00

Net Profit (loss)

15.705.005

0,06

10.736.787

0,04

19.716.258

0,06

15.694

0,04

-1.178

0,00

TOTAL LIABILITIES AND EQUITY

250.488.232

1,00

280.191.847

1,00

332.205.430

1,00

358.653

1,00

399.386

1,00

 

REMARKS ON FINANCIAL STATEMENT

:

The financial statements of 2009, 2010, 2011 and 2012 ate non-consolidated. But the financial statements of 2013 and 01.01.-31.03.2014 of have been prepared by the consolidation of the financial statements of "Deceuninck Importadora Limitada (Chile) (99,90 %)".

 

 

 

INCOME STATEMENTS

 

 

(2010) TL

 

(2011) TL

 

(2012) TL

 

(2013) TL Thousand

 

(01.01-31.03.2014) TL Thousand

 

Net Sales

224.643.484

1,00

254.791.872

1,00

296.041.699

1,00

316.779

1,00

77.319

1,00

Cost of Goods Sold

161.582.457

0,72

190.474.268

0,75

215.656.881

0,73

229.037

0,72

61.395

0,79

Gross Profit

63.061.027

0,28

64.317.604

0,25

80.384.818

0,27

87.742

0,28

15.924

0,21

Operating Expenses

38.561.011

0,17

44.725.576

0,18

49.155.076

0,17

56.471

0,18

14.718

0,19

Operating Profit

24.500.016

0,11

19.592.028

0,08

31.229.742

0,11

31.271

0,10

1.206

0,02

Other Income

87.946.325

0,39

18.619.241

0,07

11.724.302

0,04

1.368

0,00

247

0,00

Other Expenses

0

0,00

0

0,00

0

0,00

0

0,00

0

0,00

Financial Expenses

92.526.429

0,41

24.769.777

0,10

18.293.523

0,06

12.527

0,04

3.057

0,04

Minority Interests

0

0,00

0

0,00

0

0,00

0

0,00

0

0,00

Profit (loss) of consolidated firms

0

0,00

0

0,00

0

0,00

0

0,00

0

0,00

Profit (loss) Before Tax

19.919.912

0,09

13.441.492

0,05

24.660.521

0,08

20.112

0,06

-1.604

-0,02

Tax Payable

4.562.715

0,02

3.947.803

0,02

4.402.538

0,01

3.895

0,01

1.218

0,02

Postponed Tax Gain

347.808

0,00

1.243.098

0,00

-541.725

0,00

-523

0,00

1.644

0,02

Net Profit (loss)

15.705.005

0,07

10.736.787

0,04

19.716.258

0,07

15.694

0,05

-1.178

-0,02

 

 

FINANCIAL RATIOS

 

 

(2010)

(2011)

(2012)

(2013)

(01.01-31.03.2014)

LIQUIDITY RATIOS

 

Current Ratio

1,54

1,57

1,67

2,06

1,42

Acid-Test Ratio

1,35

1,27

1,49

1,68

1,11

Cash Ratio

0,30

0,11

0,23

0,30

0,15

ASSET STRUCTURE RATIOS

 

Inventory/Total Assets

0,08

0,11

0,07

0,09

0,13

Short-term Receivable/Total Assets

0,49

0,54

0,55

0,48

0,50

Tangible Assets/Total Assets

0,25

0,23

0,25

0,26

0,23

TURNOVER RATIOS

 

Inventory Turnover

8,49

6,19

9,97

6,91

1,17

Stockholders' Equity Turnover

1,99

2,06

1,89

1,90

0,47

Asset Turnover

0,90

0,91

0,89

0,88

0,19

FINANCIAL STRUCTURE

 

Stockholders' Equity/Total Assets

0,45

0,44

0,47

0,46

0,41

Current Liabilities/Total Assets

0,47

0,47

0,44

0,35

0,52

Financial Leverage

0,55

0,56

0,53

0,54

0,59

Gearing Percentage

1,21

1,26

1,12

1,16

1,42

PROFITABILITY RATIOS

 

Net Profit/Stockholders' Eq.

0,14

0,09

0,13

0,09

-0,01

Operating Profit Margin

0,11

0,08

0,11

0,10

0,02

Net Profit Margin

0,07

0,04

0,07

0,05

-0,02

Interest Cover

1,22

1,54

2,35

2,61

0,48

COLLECTION-PAYMENT

 

Average Collection Period (days)

197,46

215,08

221,18

196,36

932,24

Average Payable Period (days)

60,25

55,46

75,07

88,76

374,99

WORKING CAPITAL

63740558,00

74519819,00

97006135,00

133179,00

87412,00

 

 

 

FOREIGN EXCHANGE RATES

 

Currency
Unit

Indian Rupees

US Dollar

1

Rs.59.79

UK Pound

1

Rs.102.42

Euro

1

Rs.81.32

 

 

INFORMATION DETAILS

 

Analysis Done by :

SUM

 

 

Report Prepared by :

MNL

 

 

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%)

PRIVATE & CONFIDENTIAL : This information is provided to you at your request, you having employed MIPL for such purpose. You will use the information as aid only in determining the propriety of giving credit and generally as an aid to your business and for no other purpose. You will hold the information in strict confidence, and shall not reveal it or make it known to the subject persons, firms or corporations or to any other. MIPL does not warrant the correctness of the information as you hold it free of any liability whatsoever. You will be liable to and indemnify MIPL for any loss, damage or expense, occasioned by your breach or non observance of any one, or more of these conditions

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