MIRA INFORM REPORT
|
Report Date : |
18.06.2014 |
IDENTIFICATION DETAILS
|
Name : |
OSTA CARPETS NV |
|
|
|
|
Registered Office : |
Nijverheidslaan 70, B-8540 Deerlijk |
|
|
|
|
Country : |
Belgium |
|
|
|
|
Financials (as on) : |
31.12.2012 |
|
|
|
|
Date of Incorporation : |
15.09.1993 |
|
|
|
|
Com. Reg. No.: |
450918653 |
|
|
|
|
Legal Form : |
Public Limited Liability
Company |
|
|
|
|
Line of Business : |
·
Engaged in manufacturing of carpets and rugs ·
Engaged in production of pure wool and manmade fiber area rugs |
|
|
|
|
No of Employees : |
86 (31.12.2012) |
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 : |
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) |
|
Belgium |
A1 |
A1 |
|
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 |
BELGIUM - ECONOMIC OVERVIEW
This modern, open, and private-enterprise-based economy has capitalized
on its central geographic location, highly developed transport network, and
diversified industrial and commercial base. Industry is concentrated mainly in
the more heavily-populated region of Flanders in the north. With few natural
resources, Belgium imports substantial quantities of raw materials and exports
a large volume of manufactures, making its economy vulnerable to volatility in
world markets. Roughly three-quarters of Belgium's trade is with other EU
countries, and Belgium has benefited most from its proximity to Germany. In
2013 Belgian GDP grew by 0.1%, the unemployment rate increased to 8.8% from
7.6% the previous year, and the government reduced the budget deficit from a
peak of 6% of GDP in 2009 to 3.2%. Despite the relative improvement in
Belgium's budget deficit, public debt hovers around 100% of GDP, a factor that
has contributed to investor perceptions that the country is increasingly
vulnerable to spillover from the euro-zone crisis. Belgian banks were severely
affected by the international financial crisis in 2008 with three major banks
receiving capital injections from the government, and the nationalization of
the Belgian retail arm of a Franco-Belgian bank
|
Source : CIA |
Company
summary
|
Business number |
450918653 |
|
Company name |
OSTA CARPETS NV |
|
Address |
NIJVERHEIDSLAAN 70 |
|
|
B-8540 Deerlijk |
|
Number of staff |
86 (31.12.2012) |
|
Date of
establishment |
15/09/1993 |
|
Telephone number |
+32(0)56 78 33 11 |
|
Fax number |
+32(0)56 77 52 78 |
|
E-Mail: |
|
|
Homepage: |
Ultimate holding company
|
Company
name |
Company
Number |
|
Carpimmo NV |
450918752 |
Commentary
|
The business was established over 20 years ago. |
|
|
|
The business has 86 employees. |
|
|
|
The business is part of a group. |
|
|
|
The business has been at the address for over 20 years. |
|
|
|
Net Worth decreased by 42% during the latest trading period. |
|
|
Accounts
DATE OF LATEST
ACCOUNTS TURNOVER PROFIT BEFORE TAX NET WORTH WORKING
CAPITAL
31/12/2012 15,112,027
-1,953,557 2,962,604 1,759,023
31/12/2011 16,220,304
-827,584 5,143,359 4,107,702
31/12/2010 15,551,791
-65,359 6,058,292 4,908,919
Accounts
DATE OF LATEST
ACCOUNTS BALANCE
TOTAL NUMBER OF EMPLOYEES CAPITAL CASHFLOW
31/12/2012 11,798,802
86 5,850,000
-1,465,857
31/12/2011 14,859,916
96 5,850,000
-359,722
31/12/2010 16,081,855
88 5,850,000
451,337
TRENDS
|
Profitability |
|
|
Liquidity |
|
|
Net worth |
|
Payment expectations
Past
payments
Payment expectation days 54.07
Industry
average payment
expectation
days 86.03
Industry average day sales outstanding 74.29
Day sales
outstanding 53.51
Company
information
|
Business
number |
450918653 |
Company name |
OSTA CARPETS NV |
|
Fax number |
056775278 |
Date founded |
15/09/1993 |
|
Company
status |
active |
Company type |
Public Limited Liability Company
(BE) |
|
Currency |
Euro (€) |
Date of latest accounts |
31/12/2012 |
|
Activity
code |
13930 |
Liable for VAT |
yes |
|
Belgian Bullettin of Acts
Publications |
moniteur beige |
VAT Number |
BE.0450.918.653 Check VAT number |
|
Activity description |
·
Engaged in manufacturing of carpets and rugs · Engaged in production of pure wool and manmade fiber area rugs |
||
Social Balance Sheet Details
|
Social
Balance Sheet |
|
Total |
|
|
|
During the reporting year ended
31-12-2012 |
||||
|
Full-time
Employees |
|
82 |
|
|
|
Part-time
Employees |
|
11 |
|
|
|
Total Fte
Employees |
|
90 |
|
|
|
|
|
|
|
|
|
Number of
hours worked |
|
|
|
|
|
Full-time
Employees |
|
102,824 |
|
|
|
Part-time
Employees |
|
11,612 |
|
|
|
Total |
|
114,436 |
|
|
|
|
||||
|
Personnel
Charges |
|
|
|
|
|
Full-time
Employees |
|
2,894,468 |
|
|
|
Part-time
Employees |
|
326,875 |
|
|
|
Total |
|
3,221,343 |
|
|
|
Benefits In
Addition To Wages |
|
116,313 |
|
|
|
|
||||
|
During the previous
reporting year |
||||
|
Average
number employees in Fte |
93 |
|
|
|
|
Actual
working hours |
|
121,002 |
|
|
|
Personnel
Charges |
|
3,149,914 |
|
|
|
Benefits In
Addition To Wages |
|
104,517 |
|
|
|
Type of Contract |
Full-Time |
Part-Time |
Total Fte |
|
|
Unlimited Duration |
78 |
11 |
86 |
|
|
Contracts |
|
|
|
|
|
Limited Duration Contracts - - - |
||||
|
Contracts For Specific |
- |
- |
- |
|
|
Work |
|
|
|
|
|
Contracts Regarding |
- |
- |
- |
|
|
Substitution |
|
|
|
|
|
|
||||
|
|
||||
|
Gender and Education |
|
|
|
|
|
Level |
|
|
|
|
|
Men |
Full-Time |
Part-Time |
Total Fte |
|
|
Primary education |
24 |
- |
24 |
|
|
Secondary education |
7 |
- |
7 |
|
|
Higher education (non |
4 |
- |
4 |
|
|
university) |
|
|
|
|
|
Higher education |
4 |
- |
4 |
|
|
(university) |
|
|
|
|
|
Women |
Full-Time |
Part-Time |
Total Fte |
|
|
Primary education |
21 |
3 |
23 |
|
|
Secondary education |
15 |
1 |
16 |
|
|
Higher education (non |
3 |
5 |
7 |
|
|
university) |
|
|
|
|
|
Higher education |
- |
2 |
2 |
|
|
(university) |
|
|
|
|
|
|
|
|
|
|
|
|
||||
|
Working Category |
Full-Time |
Part-Time |
Total Fte |
|
|
Management |
3 |
- |
3 |
|
|
White collar worker |
7 |
8 |
13 |
|
|
Blue collar worker |
68 |
3 |
70 |
|
|
Other |
||||
|
|
||||
|
|
||||
|
Temporary personnel |
|
Total |
|
|
|
Average number of temporary staff |
2 |
|
|
|
|
Actual working hours |
|
3,618 |
|
|
|
Cost of temporary staff |
|
109,756 |
|
|
|
|
||||
|
|
||||
|
New staff and leavers |
Full-Time |
Part-Time |
Total Fte |
|
|
New Starters |
4 |
2 |
5 |
|
|
Leavers |
15 |
2 |
16 |
|
|
Total of formal continuing
vocational training initiatives for workers paid by the employer |
Male |
Female |
|
|
Number of
employees |
12 |
10 |
|
|
Number of
training hours |
117 |
196 |
|
|
Net costs
for enterprise |
6,455 |
5,859 |
|
|
Total of less
formal and informal continuing vocational training initiatives for workers
paid by the employer |
Male |
Female |
|
|
Number of
employees |
10 |
10 |
|
|
Number of
training hours |
858 |
1,208 |
|
|
Net costs
for enterprise |
36,924 |
38,671 |
|
|
Total of
initial training initiatives at the expense of the employer |
Male |
Female |
|
|
Number of
employees |
2 |
1 |
|
|
Number of
training hours |
495 |
40 |
|
|
Net costs
for enterprise |
1,649 |
435 |
|
Personnel
(NSSO classification)
|
Code |
|
|
Description |
FROM 50 TO
99 EMPLOYEES |
Joint Industrial Committee
(JIC)
|
Significant
Events |
|
|
Event Date |
20/06/2011 |
|
Event
Description |
re-appointment
of director(s) |
|
Event
Details |
Commentaar 20-06-2011: Herbenoeming
tot bestuurders tot de algemene vergadering van 2017 : NV Augustijn (tevens
als gedelegeerd bestuurder), NV La Licorne, NV Carpimmo, en NV Dasinvest. |
COMPANY
ACCOUNTS
Comparison Mode
·
Average Median Export
accounts to CSV File
Profit & Loss
|
Annual
accounts |
31-12-2012 |
% |
31-12-2011 |
% |
31-12-2010 |
Industry |
% |
|
|
|
|
|
|
|
|
average 2012 |
|
|
|
Weeks |
52 |
|
52 |
|
52 |
|
|
|
|
Currency |
EUR |
|
EUR |
|
EUR |
|
|
|
|
Turnover |
15,112,027 |
-6.83 |
16,220,304 |
4.30 |
15,551,791 |
38,342,953 |
-60.59 |
|
|
Total
operating expenses |
16,704,155 |
1.04 |
16,532,515 |
9.30 |
15,125,187 |
37,471,667 |
-55.42 |
|
|
Operating
result |
-1,592,128 |
-409 |
-312,211 |
-173 |
426,604 |
303,648 |
-624 |
|
|
Total
financial income |
113,826 |
32.49 |
85,916 |
-37.48 |
137,426 |
200,971 |
-43.36 |
|
|
Total
financial expenses |
475,256 |
-20.96 |
601,289 |
-4.46 |
629,389 |
635,353 |
-25.20 |
|
|
Results on
ordinary operations before taxation |
-1,953,557 |
-136 |
-827,584 |
-1166 |
-65,359 |
-120,392 |
-1522 |
|
|
Taxation |
1,254 |
- |
- |
- |
-52 |
8,208 |
-84.72 |
|
|
Results on ordinary operations after
taxation |
-1,954,811 |
-136 |
-827,584 |
-1167 |
-65,307 |
-125,766 |
-1454 |
|
|
Extraordinary
items |
5,996 |
25.68 |
-23,347 |
-110 |
228,158 |
49,856 |
-87.97 |
|
|
Other
appropriations |
6613.81 |
0.00 |
6614 |
0.00 |
6613.81 |
- |
- |
|
|
Net result |
-1,942,202 |
-130 |
-844,317 |
-598 |
169,464 |
-78,563 |
-2372 |
|
|
OTHER INFORMATION |
||||||||
|
Gross
Operating Margin |
- |
- |
- |
- |
- |
202,474 |
- |
|
|
Dividends |
- |
- |
- |
- |
- |
38,889 |
- |
|
|
Director
remuneration |
148,251 |
-36.91 |
235,000 |
-33.62 |
354,000 |
148,471 |
-0.15 |
|
|
Employee
costs |
3,221,343 |
2.27 |
3,149,914 |
2.61 |
3,069,724 |
3,822,015 |
-15.72 |
|
|
Wages and salary |
2,067,859 |
5.63 |
1,957,719 |
-0.22 |
1,961,947 |
2,855,536 |
-27.58 |
|
|
Employee pension costs |
- |
- |
- |
- |
- |
41,475 |
- |
|
|
Social security contributions |
1,080,617 |
-2.89 |
1,112,794 |
2.95 |
1,080,942 |
976,509 |
10.66 |
|
|
Other employee costs |
72,867 |
-8.23 |
79,401 |
195 |
26,835 |
146,019 |
-50.10 |
|
|
Amortization
and depreciation |
476,345 |
-1.70 |
484,595 |
71.92 |
281,873 |
379,147 |
25.64 |
|
Balance Sheets
|
Annual
accounts |
31-12-2012 |
% |
31-12-2011 |
% |
31-12-2010 |
Industry average 2012 |
% |
|
||||||
|
Weeks |
52 |
|
52 |
|
52 |
|
|
|
||||||
|
Currency |
EUR |
|
EUR |
|
EUR |
|
|
|
||||||
|
Intangible
fixed assets |
309,169 |
- |
70,616 |
- |
0 |
39,584 |
681 |
|
||||||
|
Tangible
fixed assets |
1,090,232 |
-10.58 |
1,219,189 |
-22.74 |
1,578,067 |
1,561,043 |
-30.16 |
|
||||||
|
Land & building |
163,817 |
-38.74 |
267,392 |
-11.37 |
301,692 |
1,174,002 |
-86.05 |
|
||||||
|
Plant & machinery |
691,226 |
-13.11 |
795,564 |
-29.32 |
1,125,555 |
665,207 |
3.91 |
|
||||||
|
Furniture & Vehicles |
170,805 |
115 |
79,243 |
29.43 |
61,223 |
103,355 22,342 |
65.26 |
|
||||||
|
Leasing & Other Similar Rights |
37,820 |
-25.00 |
50,427 |
-20.00 |
63,034 |
388,197 64,423 |
-90.26 |
|
||||||
|
Other tangible assets |
26,563 |
0.00 |
26,563 |
0.00 |
26,563 |
64,967 |
-59.11 |
|
||||||
|
Financial
fixed assets |
523,307 |
1.72 |
514,483 |
-6.54 |
550,500 |
8,612,376 |
-93.92 |
|
||||||
|
Total fixed
assets |
1,922,708 |
6.56 |
1,804,289 |
-15.23 |
2,128,567 |
7,396,447 |
-74.00 |
|
||||||
|
Inventories |
6,136,788 |
-11.95 |
6,969,589 |
-9.81 |
7,727,735 |
3,937,968 |
55.84 |
|
||||||
|
Raw materials & consumables |
3,278,054 |
-23.36 |
4,276,963 |
-14.89 |
5,025,174 |
3,356,002 |
-2.32 |
|
||||||
|
Work in progress |
0 |
- |
0 |
- |
0 |
560,522 |
-100 |
|
||||||
|
Finished goods |
2,858,734 |
6.17 |
2,692,626 |
-0.37 |
2,702,561 |
977,346 |
192 |
|
||||||
|
Other stocks |
0 |
- |
0 |
- |
0 |
135,515 |
-100 |
|
||||||
|
Trade
debtors |
2,215,445 |
-36.88 |
3,509,752 |
-21.44 |
4,467,736 |
2,248,797 |
-1.48 |
|
||||||
|
Cash |
708,124 |
-16.95 |
852,603 |
494 |
143,415 |
357,722 |
97.95 |
|
||||||
|
other
amounts receivable |
671,580 |
-33.79 |
1,014,249 |
-33.51 |
1,525,487 |
433,766 |
54.83 |
|
||||||
|
Miscellaneous
current assets |
144,156 |
-79.68 |
709,434 |
697 |
88,915 |
684,012 |
-78.92 |
|
||||||
|
Total current
assets |
9,876,093 |
-24.35 |
13,055,627 |
-6.43 |
13,953,288 |
6,392,231 |
54.50 |
|
||||||
|
Total Assets |
11,798,802 |
-20.60 |
14,859,916 |
-7.60 |
16,081,855 |
13,436,467 1,801,808 |
-12.19 |
|
||||||
|
Current
Liabilities |
|
|
|
|
|
|
|
|
||||||
|
Trade creditors |
2,474,498 |
-12.26 |
2,820,333 |
-24.64 |
3,742,401 |
2,065,851 |
19.78 |
|
||||||
|
Short term group loans |
- |
- |
- |
- |
- |
- |
- |
|
||||||
|
Financial debts |
4,805,000 |
-1.03 |
4,855,000 |
4.57 |
4,643,025 |
3,120,565
512,345 |
53.98 |
|
||||||
|
Current portion of long term debt |
281,655 |
-62.84 |
757,873 |
183 |
267,776 |
457,297 32,844 |
-38.41 |
|
||||||
|
Amounts
Payable for Taxes, Remuneration & Social Security |
538,702 |
31.10 |
410,909 |
20.52 |
340,946 |
27,862 - |
-20.98 |
|
||||||
|
Miscellaneous current liabilities |
17,215 |
-83.42 |
103,810 |
106 |
50,221 |
-97.10 |
— |
|
||||||
|
Total current liabilities |
8,117,070 |
-9.29 |
8,947,925 |
-1.07 |
9,044,369 |
4,591,066 |
76.80 |
|
||||||
|
LONG TERM DEBTS AND LIABILITIES |
|
|
|
|
|
|
|
|||||||
|
Long term group loans |
- |
- |
- |
- |
- |
- |
— |
|
||||||
|
Other long term loans |
404,213 |
-41.07 |
685,868 |
-28.59 |
960,408 |
-95.27 |
— |
|
||||||
|
Deffered taxes |
3,743 |
-63.86 |
10,357 |
-38.97 |
16,971 |
240,896 51,768 |
-98.45 |
|
||||||
|
Provisions
for Liabilities & Charges |
2,002 |
11.79 |
1,791 |
-1.34 |
1,815 |
62,171 0 |
-96.78 |
|
||||||
|
Other long term liabilities |
0 |
- |
0 |
- |
0 |
82,229 |
-100 |
|
||||||
|
Total long term debts |
409,959 |
-41.27 |
698,016 |
-28.72 |
979,194 |
4,262,210 |
-90.38 |
|
||||||
|
SHAREHOLDERS EQUITY |
||||||||||||||
|
Issued share capital |
5,850,000 |
0 |
5,850,000 |
0 |
5,850,000 |
2,184,519 |
167 |
|
||||||
|
Share premium account |
- |
- |
- |
- |
- |
70,249 |
- |
|
||||||
|
Reserves |
-2,578,227 |
-305 |
-636,025 |
-405 |
208,292 |
2,299,477 |
-212 |
|
||||||
|
Revaluation reserve |
- |
- |
- |
- |
- |
894,601 |
- |
|
||||||
|
Total shareholders equity |
3,271,773 |
-37.25 |
5,213,975 |
-13.94 |
6,058,292 |
4,583,192 |
-28.61 |
|
||||||
|
Working capital |
1,759,023 |
-57.18 |
4,107,702 |
-16.32 |
4,908,919 |
1,801,166 |
-2.34 |
|
||||||
|
Cashflow |
-1,465,857 |
-307 |
-359,722 |
-179 |
451,337 |
278,016 |
-627 |
|
||||||
|
Net worth |
2,962,604 |
-42.40 |
5,143,359 |
-15.10 |
6,058,292 |
4,543,608 |
-34.80 |
|
||||||
Ratio analysis
|
Annual accounts |
31-12-2012 |
change(%) |
31-12-2011 |
change(%) |
31-12-2010 |
Industry
average 2012 |
% |
|
|
TRADING PERFORMANCE |
|
|
|
|
|
|
|
|
|
Profit Before Tax |
-12.93 |
-153 |
-5.10 |
-1114 |
-0.42 |
-3,00 |
-331 |
|
|
Return on
capital employed |
-53.06 |
-279 |
-14 |
-1405 |
-0.93 |
-1.063,00 |
4.99 |
|
|
Return on
total assets employed |
-16.56 |
-197 |
-5.57 |
-1258 |
-0.41 |
-5,00 |
-231 |
|
|
Return on
net assets employed |
-59.71 |
-276 |
-15.87 |
-1369 |
-1.08 |
-5,00 |
-1094 |
|
|
Sales / net working capital |
8.59 |
117 |
3.95 |
24.61 |
3.17 |
-666,00 |
-99 |
|
|
Stock turnover ratio |
40.61 |
-5.49 |
42.97 |
-13.52 |
49.69 |
22,00 |
84.59 |
|
|
Debtor days |
53.51 |
-32.25 |
78.98 |
-24.68 |
104.86 |
65,00 |
-17.68 |
|
|
Creditor days |
54.07 |
-13.17 |
62.27 |
-31.05 |
90.31 |
55,00 |
-1.69 |
|
|
SHORT TERM STABILITY |
||||||||
|
Current ratio |
1.22 |
-16.44 |
1.46 |
-5.19 |
1.54 |
15,00 |
-39.00 |
|
|
Liquidity ratio / acid ratio |
0.46 |
-32.35 |
0.68 |
-1.45 |
0.69 |
14,00 |
-96.71 |
|
|
Current debt ratio |
2.48 |
44.19 |
1.72 |
15.44 |
1.49 |
2,00 |
24.00 |
|
|
Liquidity ratio reprocessed |
- |
- |
- |
- |
- |
- |
- |
|
|
LONG TERM STABILITY |
||||||||
|
Gearing |
167.83 |
38.93 |
120.80 |
24.65 |
96.91 |
61,00 |
175 |
|
|
Equity in percentage |
28.48 |
-19.23 |
35.26 |
-6.40 |
37.67 |
32,00 |
-11.00 |
|
|
Total debt ratio |
2.61 |
41.08 |
1.85 |
12.12 |
1.65 |
2,00 |
30.50 |
|
Industry
comparison
Activity code 13930
Activity description Manufacturer
of carpets and rugs
Payment Information
Suspension of payments / moratorium
history
Payment Information Summary
Total number of Invoices
available 3
Total number of Invoices paid within or up to
30 days after the due date 1
Total number of Invoices paid more than 30 days after the due date 0
Total number of Invoices currently outstanding where the due date has not yet
been reached 0
Total number of Invoices currently outstanding beyond the due date 2
Payment expectations
|
Payment
expectation days |
54.07 |
|
Day sales
outstanding |
53.51 |
Industry comparison
|
Activity
code |
13930 |
|
Activity
description |
Manufacture of carpets and rugs |
|
Industry average payment
expectation days |
86.03 |
|
Industry average day sales
outstanding |
74.29 |
Industry quartile analysis
|
Payment expectations |
|
|
Company result |
54.07 |
|
Lower |
82 |
|
Median |
67.58 |
|
Upper |
43.71 |
|
Day sales
outstanding |
||
|
Company result |
53.51 |
|
|
Lower |
69.22 |
|
|
Median |
51.27 |
|
|
Upper |
41.40 |
|
Shareholder
Details
Summary
Group - Number of Companies 7
Linkages - Number of Companies 0
Number of Countries 0
Group
Structure
|
Company name |
Number |
|
Latest financials |
|
|
-CARPIMMO NV |
450918752 |
|
31-12-2012 |
|
|
- - GAVERDAL P 4707 IN VEREFFE... |
456782502 |
|
31-12-2010 |
|
|
--JAGERNAUT
P/A BTW-CONT.KORTRIJK5 NV |
458370233 |
|
31-12-2008 |
|
|
-- LIGNE PURE
NV |
405012612 |
|
31-12-2012 |
|
|
- - - LIGNE PURE INDIA PVT
LTD. SOC.ETR. E.P.B... |
||||
|
- - OSTA CARPETS NV |
450918653 |
|
31-12-2012 |
|
|
- - - ALFOMBRAMAN IA S.L.
SA |
||||
Minority
Shareholders
No minority shareholders found
Minority Interests
|
Business number |
Company name |
Date of accounts |
|
450918752 |
Caroimmo NV |
31/12/2012 |
|
450918752 |
Carpimmo NV |
31/12/2012 |
Linked Companies
Summary
Group - Number of Companies 7
Linkages - Number of Companies 0
Number of Countries 0
Court Data
NSSO details
Business number 450918653
Bankruptcy details
There is no bankruptcy data
against this company
Bankruptcy Data
there is no data for this company
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.60.37 |
|
UK Pound |
1 |
Rs.102.48 |
|
Euro |
1 |
Rs.81.87 |
INFORMATION DETAILS
|
Analysis Done by
: |
DIV |
|
|
|
|
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%)
This report is issued at your request without any
risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL)
or its officials.