|
Report Date : |
12.06.2014 |
IDENTIFICATION DETAILS
|
Name : |
ISKRA SISTEMI, D.D. |
|
|
|
|
Registered Office : |
Stegne 21, 1000 Ljubljana |
|
|
|
|
Country : |
Slovenia |
|
|
|
|
Financials (as on) : |
31.12.2013 |
|
|
|
|
Date of Incorporation : |
27.12.1974 |
|
|
|
|
Com. Reg. No.: |
10511800 |
|
|
|
|
Legal Form : |
Joint Stocked Company |
|
|
|
|
Line of Business : |
Manufacturer of electricity distribution and control apparatus |
|
|
|
|
No of Employees : |
1213 |
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 – March 31, 2014
|
Country Name |
Previous Rating (31.12.2013) |
Current Rating (31.03.2014) |
|
Slovenia |
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 |
SLOVENIA - ECONOMIC OVERVIEW
With excellent infrastructure, a well-educated work force, and a strategic location between the Balkans and Western Europe, Slovenia has one of the highest per capita GDPs in Central Europe. 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 transitions in Central and Southeastern Europe. 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. However, long-delayed privatizations, particularly within Slovenia’s largely state-owned and increasingly indebted banking sector, have fueled investor concerns since 2012 that the country would need EU-IMF financial assistance. In 2013, the European Commission granted Slovenia permission to begin recapitalizing ailing lenders and transferring their nonperforming assets into a “bad bank” established to restore bank balance sheets. Yield-seeking bond investors’ strong demand for Slovenian debt helped the government in 2013 to continue to finance itself independently on international markets. The government has embarked on a program of state asset sales intended to bolster investor confidence in the economy, which in 2014 is poised to contract 1%, its third-year of recession
|
Source
: CIA |
|
Iskra Sistemi,
d.d. |
Phone |
01 513 10 10 |
|
|
Stegne 21 |
Telefax |
01 511 15 32 |
|
|
1000 Ljubljana |
E-Mail |
||
|
Slovenia |
Web |
||
|
Crefo Nr. |
9270005680 |
Registration: |
Ljubljana |
|
Statistical Nr. |
5185726 |
Registration Nr. |
10511800 |
|
Tax Nr. |
SI13278088 |
Status |
Active |
|
Business
connection |
Business connection appear premissable |
(31) |
|
Terms of payment |
Mostly within agrees terms, but partly
also delayed |
(32) |
|
Legal form |
|
Joined stocked Company |
|
27/12/1974 as |
|
19/12/1990 as d.o.o. - Limited liability
company (Ltd.) |
|
22/06/1998 as Joined stocked Company |
|
last entry on
6.8.2013 |
|
on 21.6.2012 incorporation
of the company ISKRA MIS, d.d. |
|
on 7.10.2011 incorporation of the
company ORIA, d.o.o. |
|
on 12.8.2011 incorporation of the company
ISKRA INVEST, d.d. |
|
in year 2005
incorporation of the company ISKRA TRANSMISSION d.d. |
|
on 7.10.2002
incorporation of the company
ISKRA-SYSEN D.D. LJUBLJANA |
|
22/06/1998, Ljubljana, 10511800 |
|
Statistical Nr.: 5185726 |
|
Tax Nr.: SI13278088 |
|
Crefo Nr. |
Name / Address / Status |
From |
Share |
|
Head shareholders |
|||
|
9270004869 |
ISKRA, d.d. Statistical Nr.: 5330424 Kotnikova ulica 28, 1000
Ljubljana Slovenia Phone Nr.: 01 308 32 40 Fax: 01 433 70 18 E-mail:
iskra@iskra.eu WWW: www.iskra.eu |
|
100% |
|
Date |
Currency |
Value |
|
|
EUR |
28.065.567,31 |
|
On 21.06.2012 capital increase for EUR
17.019.900,42 |
|
|
|
On 12.08.2011 capital increase for EUR
3.296.600,41 |
|
|
|
On 27.05.2008 capital increase for EUR
2.512.099,74 |
|
|
|
On 05.06.2009 capital increase for EUR 768.756,18 |
|
|
|
Crefo Nr. |
Name / Address / Status |
Since |
Power of attorney |
|
Board of Directors |
|||
|
9270008604 |
chairman of the board Dusan Sesok Opekarniska ulica 43, 1235 Radomlje
Slovenia |
||
|
9270026818 |
Board member Joze Godec Ulica Franca Nebca 5, 1000 Ljubljana
Slovenia |
||
|
9270135263 |
Board member Peter Goltnik Praprotnikova ulica 15, 3330
Mozirje Slovenia |
||
|
Supervisory Board |
|||
|
9270003936 |
chairman of the supervisory board Dr. Dipl. Kfm. Andro Ocvirk Novo polje,
Cestza XV 31, 1260 Ljubljana-Polje Slovenia |
||
|
9270003118 |
member of the supervisory board Janez Peskar Zaloska cesta 222e, 1000
Ljubljana Slovenia |
||
|
9270148088 |
member of the supervisory board Marjan Plut Gotska ulica 5, 1000 Ljubljana
Slovenia |
||
|
Valid from |
Residence address |
Valid until |
|
Stegne 21, 1000 Ljubljana, Slovenia Phone:
01 513 10 10 Telefax: 01 511 15 32 E-Mail: info@iskrasistemi.si Web: www.iskrasistemi.si |
|
Crefo Nr. |
Name / Address / Status |
Valid from |
Share |
|
Owner |
|
|
|
|
9270071640 |
TEHNOLOSKI PARK LJUBLJANA d.o.o. Statistical Nr.: 5911508 Tehnoloski park
19, 1000 Ljubljana Slovenia |
|
13.258,23 EUR |
|
9270149448 |
NELA razvojni center d.o.o. Statistical Nr.: 3962237 Na PlavZu 79,
4228 Zelezniki Slovenia |
|
500.000 EUR |
|
Main activity |
NNace |
|
Manufacture of electricity distribution
and control apparatus |
27.12 |
|
Additional
activities |
Nace |
|
Company
activity: |
|
|
manufacture of
other electrical equipment, development, engineering |
|
|
manufacture of
electricity distribution and control
apparatus, |
|
|
production of
condensers and equipment, |
|
|
production of
electronic apparatus and equipment, import-export |
|
|
Headquarters and
business production premises are located on the \ address above |
|
|
business
premises are also in Ljubljanska cesta 24A, 4000 Kranj, |
|
|
Otoce 5A, 4244 Podnart,
Vajdova ulica 71, 8333 Semic, Glinek 5, 1291 \ |
|
|
Skofljica and
Sentvid pri Sticni 108, 1296 Sentvid pri Sticni |
|
Economic
data
|
|
Turnover and
Employees |
|
Date |
Turnover |
Employees |
|
2008 |
44.739.995 EUR |
330 |
|
2009 |
46.065.819 EUR |
327 |
|
2010 |
39.178.903 EUR |
295 |
|
2011 |
48.592.479 EUR |
364 |
|
2012 |
111.310.261 EUR |
1370 |
|
2013 |
100.376.757 EUR |
1242 |
|
2014 |
1213 |
|
financial data for the company ISKRA MIS,
d.d. |
|
Annual turnover 2011 EUR 73.542.085,- |
|
Net profit 2011 EUR 2.123.156 ,-- |
Import
/ Export
|
|
Import |
Export |
|
|
Percentage |
Unknown |
Unknown |
|
Countries |
European Union,
USA, China |
European Union, Bosnia-Hercegovina, Iran, Montenegro, Macedonia, Bulgaria,
Russia, Thailand, Albania |
|
Name |
Detail |
Currency |
Value |
|
Business premises |
Company's property Stegne 21, Ljubljana 1000, Slovenia |
Unknown |
|
|
Business premises |
Company's property Glinek5 , Skofljica 1291, Slovenia |
Unknown |
|
|
Business premises |
Company's property Sentvid pri Sticni 108, Sentvid pri Sticni 1296,
Slovenia |
Unknown |
|
|
Business premises |
Company's property Ljubljanska cesta 24A, Kranj 4000, Slovenia |
Unknown |
|
|
Business premises |
Company's property Otoce 5A, Podnart 4244, Slovenia |
Unknown |
|
|
Business premises |
Company's property Vajdova ulica 71, Semic 8333, Slovenia |
Unknown |
|
|
Land and buildings |
Company's property per 31.12.2013 |
EUR |
18.501.390 |
Remarks
|
To your inquiry: on 21.6.2012
incorporation of the company ISKRA MIS, |
|
d.d. to the company |
|
Iskra Sistemi, d.d. |
|
Company name: |
|
ISKRA SISTEMI Avtomatizacija procesov,
d.d. |
|
Participation in capital: |
|
Iskra Sistemi-M DOOEL SKOPJE, Macedonia
(100% share) |
|
ISKRA d.o.o. Novi Sad , Serbia(100% share) |
|
Cupola AEC, poslovne resitve, d.o.o.
(91,43%share) |
|
Programm d.o.o., Serbia (100% share) |
|
TELA L Laktosi, BIH (100% share) |
|
ISKRA IP d.o.o. (100% share) |
|
ISKRA TURIZEM d.o.o. (100% share) |
|
(Stand per 25.3.2013) |
|
Code |
Bank name /
Address |
Account Nr. |
|
122 |
ABANKA VIPAd.d. Slovenska cesta 58, 1517 Ljubljana , 1517, |
SI56 0510 0800 0022 205 |
|
108 |
BANKA CELJE d.d. Vodnikova 2, 3000 Celje , 3000, |
SI56 060000021753034 |
|
106 |
BANKA KOPER d.d. Pristaniska 14, 6502 Koper, 6502, |
SI56 101000049543812 |
|
126 |
BANKA SPARKASSE d.d. Cesta v Klece 15, 1000 Ljubljana , 1000, |
SI56 340001014648397 |
|
110 |
GORENJSKA BANKA d.d. Bleiweisova cesta 1, 4000 Kranj , 4000, |
SI56 0700 0000 1053 122 |
|
102 |
NOVA KREDITNA BANKA MARIBOR d.d. Ulica Vita Kraigherja 4, 2505 Maribor
, 2505, |
SI56 045150000955764 |
|
100 |
NOVA LJUBLJANSKA BANKA d.d., LJUBLJANA Trg republike 2, 1520 Ljubljana
, 1250, |
SI56 0292 3001 2553 977 |
|
114 |
PROBANKA d.d. v Trg Leona Stuklja 12, 2000 Maribor, 2000, |
SI56 2510 0971 3085 167 |
|
116 |
SBERBANK d.d. Dunajska cesta 128a, 1000 Ljubljana , 1000, |
SI56 300000001136682 |
|
116 |
SBERBANK d.d. Dunajska cesta 128a, 1000 Ljubljana , 1000, |
SI56 300000101136698 |
|
Payment
experience and credit opinion |
||
|
Terms of payment |
Mostly within agrees terms, but partly also
delayed |
(32) |
|
Business
connection |
Business connection appear premissable |
(31) |
|
Business development |
||
|
Company development |
Constant |
(30) |
|
Business course |
satisfactory |
(30) |
|
Events |
|
No negative events registered. |
|
Balance |
||
|
31.12.2013 The enclosed balance of 2013 is originated from
official source, it is not authenticated by the auditor. |
||
|
31.12.2012 The enclosed balance of 2012 is originated from official
source, it is not authenticated by the auditor. |
||
|
31.12.2011 The enclosed balance of 2011 is originated from
official source, it is not authenticated by the auditor. |
||
|
|
||
|
31.12.2010 The enclosed balance of 2010 is originated from official
source, it is not authenticated by the auditor. |
||
|
|
|
31/12/2013 1 EUR balance |
31/12/2012 1 EUR balance |
31/12/2011 1 EUR balance |
31/12/2010 1 EUR balance |
|
Name |
Ref. |
||||
|
ASSETS (AKTIVA) |
|
99.285.731 |
108.602.861 |
50.931.841 |
36.914.011 |
|
LONG-TERM ASSETS |
|
49.184.069 |
52.222.207 |
17.298.062 |
9.187.293 |
|
Intangible assets and
long-term deferred costs and accrued revenues |
|
2.232.572 |
3.386.545 |
3.015.611 |
1.706.313 |
|
Intangible assets |
|
2.124.940 |
3.352.858 |
2.995.674 |
1.706.313 |
|
Long-term deferred costs and accrued revenues |
|
107.632 |
33.687 |
19.937 |
0 |
|
Tangible fixed assets |
|
41.275.754 |
42.435.731 |
11.638.631 |
7.165.082 |
|
Long-term financial investments
and Real estate investments |
|
4.779.744 |
5.529.581 |
2.490.887 |
216.716 |
|
Investment property |
|
2.589.281 |
2.706.270 |
1.218.275 |
0 |
|
Long-term financial investments |
|
2.190.463 |
2.823.311 |
1.272.612 |
216.716 |
|
Long-term operating receivables |
|
26.342 |
75.299 |
5.361 |
0 |
|
Deferred receivables for taxes |
|
869.657 |
795.051 |
147.572 |
99.182 |
|
SHORT-TERM
ASSETS |
|
49.801.939 |
56.012.876 |
32.539.114 |
25.216.772 |
|
Assets (group for estrange) for sell |
|
132.122 |
132.122 |
132.122 |
0 |
|
Inventories |
|
20.581.650 |
23.704.425 |
8.480.591 |
5.206.301 |
|
Short-term financial investments |
|
3.767.724 |
3.872.373 |
4.299.553 |
259.202 |
|
Short-term operating receivables |
|
23.375.506 |
27.118.140 |
16.606.244 |
14.326.454 |
|
Cash assets |
|
1.944.937 |
1.185.816 |
3.020.604 |
5.424.815 |
|
Short-term deferred costs
and accrued revenues |
|
299.723 |
367.778 |
1.094.665 |
2.509.946 |
|
Off-balance sheet items |
|
69.703.994 |
74.909.251 |
19.685.803 |
15.068.022 |
|
LIABILITIES |
|
99.285.731 |
108.602.861 |
50.931.841 |
36.914.011 |
|
CAPITAL |
|
41.671.742 |
41.662.275 |
16.469.688 |
11.713.002 |
|
Called-up capital |
|
28.065.567 |
28.065.567 |
11.045.667 |
7.749.067 |
|
Basic (subscribed) capital |
|
28.065.567 |
28.065.567 |
11.045.667 |
7.749.067 |
|
Non called-up capital (deductive item) |
|
0 |
0 |
0 |
0 |
|
Capital reserves |
|
6.336.607 |
6.336.607 |
2.525.970 |
1.265.415 |
|
Reserves from profit |
|
923.222 |
923.222 |
234.623 |
195.865 |
|
Surplus from revaluation |
|
3.708.659 |
3.525.579 |
1.919.239 |
1.900.457 |
|
Retained net |
|
32.565 |
593.760 |
7.785 |
0 |
|
Net business result for the business year |
|
2.605.122 |
2.217.540 |
736.404 |
602.198 |
|
PROVISIONS
AND LONG-TERM ACCRUED COSTS AND DEFERRED REVENUES |
|
3.335.278 |
3.920.254 |
1.417.018 |
1.246.605 |
|
FINANCIAL
AND BUSINESS LIABILITIES |
|
51.386.143 |
59.203.064 |
30.804.162 |
17.314.609 |
|
LONG-TERM LIABILITIES |
|
16.266.663 |
23.180.174 |
7.353.558 |
2.478.732 |
|
Long-term financial liabilities |
|
15.302.875 |
22.407.336 |
6.671.914 |
1.939.903 |
|
Long-term operating liabilities |
|
254.803 |
132.920 |
206.530 |
63.715 |
|
Deferred liabilities for taxes |
|
708.985 |
639.918 |
475.114 |
475.114 |
|
SHORT-TERM
LIABILITIES |
|
35.119.480 |
36.022.890 |
23.450.604 |
14.835.877 |
|
Liabilities, included in groups for estrange |
|
0 |
0 |
0 |
0 |
|
Short-term financial liabilities |
|
15.192.050 |
13.806.101 |
12.535.961 |
7.749.718 |
|
Short-term operating liabilities |
|
19.927.430 |
22.216.789 |
10.914.643 |
7.086.159 |
|
|
|
31/12/2013 1 EUR balance |
31/12/2012 1 EUR balance |
31/12/2011 1 EUR balance |
31/12/2010 1 EUR balance |
|
Name |
Ref. |
||||
|
SHORT-TERM ACCRUED COSTS AND DEFERRED REVENUES |
|
2.892.568 |
3.817.268 |
2.240.973 |
6.639.795 |
|
Off-balance sheet items |
|
69.703.994 |
74.909.251 |
19.685.803 |
15.068.022 |
31.12.2013 The enclosed profit and loss account of 2013 is
originated from official source, it is not authenticated by the auditor.
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 official source, it is not authenticated by the auditor.
|
|
|
31/12/2013 1 EUR profit and loss account |
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 |
|
Name |
Ref. |
||||
|
Net sales |
|
97.364.181 |
100.659.813 |
46.737.532 |
39.447.208 |
|
Changes in the value of inventories of products and
work-in-process |
|
-1.115.949 |
1.633.927 |
-56.964 |
-532.145 |
|
Capitalised own products and own services |
|
2.695.719 |
3.858.020 |
383.475 |
0 |
|
Other operating revenues (with subventions,
grants,...) |
|
816.605 |
4.142.981 |
736.061 |
27.817 |
|
GROSS OPERATING YIELD |
|
99.760.556 |
110.294.741 |
47.800.104 |
38.942.880 |
|
Cost of goods, material and services |
|
61.684.946 |
66.969.887 |
32.519.540 |
25.871.298 |
|
Purchase value of goods and materials sold and cost
of material and cost of material used |
|
41.135.444 |
42.811.579 |
15.473.304 |
11.591.868 |
|
Cost of services |
|
20.549.502 |
24.158.308 |
17.046.236 |
14.279.430 |
|
Labour cost |
|
26.143.299 |
29.080.509 |
11.184.070 |
9.765.312 |
|
Cost of wages |
|
18.538.638 |
20.830.431 |
8.189.648 |
7.196.035 |
|
Cost of pension insurance |
|
1.719.304 |
2.218.533 |
820.662 |
758.705 |
|
Cost of other social insurance |
|
1.353.876 |
1.607.512 |
658.701 |
564.352 |
|
Other labour cost |
|
4.531.481 |
4.424.033 |
1.515.059 |
1.246.220 |
|
Write-offs |
|
7.474.795 |
9.297.931 |
2.377.659 |
1.576.810 |
|
Depreciation |
|
5.480.666 |
7.272.324 |
1.509.480 |
940.782 |
|
Revaluation operating expenses for non-tangible
assets and tangible fixed assets |
|
851.632 |
23.256 |
8.765 |
383 |
|
Revaluation operating expenses for current assets |
|
1.142.497 |
2.002.351 |
859.414 |
635.645 |
|
Other operating expenses |
|
367.264 |
716.574 |
534.194 |
620.972 |
|
OPERATING REVENUES |
|
100.876.505 |
108.660.814 |
47.857.068 |
39.475.025 |
|
OPERATING EXPENSES |
|
95.670.304 |
106.064.901 |
46.615.463 |
37.834.392 |
|
OPERATING RESULT |
|
5.206.201 |
2.595.913 |
1.241.605 |
1.640.633 |
|
EBIT |
|
4.090.252 |
4.229.840 |
1.184.641 |
1.108.488 |
|
Financial income from investments in other enterprises |
|
23.896 |
217.239 |
16.710 |
15.131 |
|
|
|
31/12/2013 1 EUR profit and loss account |
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 |
|
Name |
Ref. |
||||
|
Financial income from loans |
|
165.788 |
169.196 |
173.001 |
37.648 |
|
Financial income from operating receivables |
|
191.730 |
346.180 |
364.875 |
147.230 |
|
Financial expenses from depreciation and writeoffs of financial
investments |
|
419.587 |
482.318 |
0 |
0 |
|
Financial expenses from financial liabilities |
|
1.369.842 |
1.760.603 |
953.289 |
605.747 |
|
Financial expenses from operating liabilities |
|
375.315 |
354.091 |
151.586 |
203.540 |
|
Financial income |
|
381.414 |
732.615 |
554.586 |
200.009 |
|
Financial expenses |
|
2.164.744 |
2.597.012 |
1.104.875 |
809.287 |
|
Other revenues |
|
234.787 |
282.905 |
237.789 |
36.014 |
|
Other expenses |
|
11.193 |
123.171 |
96.979 |
513 |
|
Total revenues |
|
100.376.757 |
111.310.261 |
48.592.479 |
39.178.903 |
|
Total costs |
|
97.846.241 |
108.785.084 |
47.817.317 |
38.644.192 |
|
Total business result |
|
2.530.516 |
2.525.177 |
775.162 |
534.711 |
|
Tax on profit |
|
0 |
0 |
0 |
0 |
|
Deferred taxs |
|
-74.606 |
307.637 |
0 |
-99.182 |
|
Net business result for the accounting period |
|
2.605.122 |
2.217.540 |
775.162 |
633.893 |
Financial Ratios
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Name |
Ref. |
31/12/2013 |
31/12/2012 |
31/12/2011 |
31/12/2010 |
|
|
|
Equity ratio |
1 |
0,28 |
0,26 |
0,22 |
0,21 |
|
|
|
Cleared equity ratio |
2 |
0,25 |
0,23 |
0,19 |
0,17 |
|
|
|
Current liquidity |
3 |
1,42 |
1,55 |
1,39 |
1,70 |
|
|
|
Quick liquidity |
4 |
0,83 |
0,90 |
1,03 |
1,35 |
|
|
|
Working capital |
5 |
14682459,00 |
19989986,00 |
9088510,00 |
10380895,00 |
|
|
|
Gearing |
6 |
3,54 |
3,87 |
4,61 |
4,76 |
|
|
|
Cleared gearing |
7 |
1,25 |
1,48 |
2,10 |
1,66 |
|
|
|
Profitability |
8 |
2,52 |
2,27 |
1,60 |
1,36 |
|
|
|
Operating profitability |
9 |
2,60 |
1,99 |
1,60 |
1,62 |
|
|
|
Stock days |
10 |
74,84 |
77,73 |
63,70 |
48,50 |
|
|
|
Debtor days |
11 |
85,00 |
88,92 |
124,74 |
133,47 |
|
|
|
Supplier days |
12 |
72,46 |
72,85 |
81,98 |
66,02 |
|
|
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs. 59.32 |
|
|
1 |
Rs. 99.41 |
|
Euro |
1 |
Rs. 80.32 |
INFORMATION DETAILS
|
Analysis Done by
: |
DIV |
|
|
|
|
Report Prepared
by : |
DPT |
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.