|
Report Date : |
28.06.2014 |
IDENTIFICATION DETAILS
|
Name : |
METALE INTERNATIONAL SRL |
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|
|
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Registered Office : |
Str. Magura nr. 121, Focsani, 620157, Jud. Vrancea |
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|
|
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Country : |
Romania |
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Financials (as on) : |
31.12.2013 |
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|
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Date of Incorporation : |
09.02.2000 |
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|
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Com. Reg. No.: |
J39/39/2000 |
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Legal Form : |
Private Limited Company |
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Line of Business : |
Wholesale of wood, construction materials and sanitary equipment |
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No. of Employees : |
139 |
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 |
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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) |
|
Romania |
B1 |
B1 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low Risk |
A2 |
|
Moderately Low Risk |
B1 |
|
Moderate Risk |
B2 |
|
Moderately High Risk |
C1 |
|
High Risk |
C2 |
|
Very High Risk |
D |
ROMANIA - ECONOMIC OVERVIEW
Romania, which joined the EU on 1 January 2007, began the transition from Communism in 1989 with a largely obsolete industrial base and a pattern of output unsuited to the country's needs. The country emerged in 2000 from a punishing three-year recession due to strong demand in EU export markets. Domestic consumption and investment fueled strong GDP growth, but led to large current account imbalances. Romania's macroeconomic gains have only recently started to spur creation of a middle class and to address Romania's widespread poverty. Corruption and red tape continue to permeate the business environment. As a result of the global financial crisis, Romania signed on to a $26 billion emergency assistance package from the IMF, the EU, and other international lenders. GDP contracted from 2009 to 2011. In March 2011, Romania and the IMF/EU/World Bank signed a 24-month precautionary stand-by agreement, worth $6.6 billion, to promote fiscal discipline, encourage progress on structural reforms, and strengthen financial sector stability. In September 2013, the Romanian authorities and the IMF/EU agreed to a follow-on stand-by agreement, worth $5.4 billion, to continue with reforms, although Bucharest announced that it does not intend to draw funds under the agreement. Economic growth accelerated in 2013, driven by strong industrial exports and an excellent agricultural harvest; in December 2013 inflation dropped to a historical low annual rate of 1.6%; and the current account deficit was reduced substantially. Yet, progress on structural reforms is uneven and the economy still is vulnerable to shocks.
|
Source
: CIA |
|
METALE
INTERNATIONAL SRL |
|
Str. Magura nr. 121, Focsani, 620157, Jud. Vrancea |
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Tel +40 237 212777/+40 237 237826 |
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Fax +40 237 212777 |
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WEB www.metaleinternational.ro |
|
Legal Form |
Private Limited Company |
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Foundation |
09.02.2000 |
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Trade Register |
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Capital |
RON 100,000.00 |
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Associates |
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Principals |
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Participation |
Participations and functions: Paduraru Nicu - PREST CONT ALFA SRL, RO
6572478, administrator and shareholder, 100,00000000% |
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Generalities |
4673 Wholesale of wood, construction materials and sanitary equipment Legal office and working spaces at the above mentioned address Working Points: - Focsani, Str.Moldovei, Nr.14 - Focsani, Str.Moldovei, Nr.18 - Focsani, Str.Marasesti - Brasov, Str.Canalul Timis Sec Nr.4 - Craiova, Str.Calea Severinului, Nr.42 |
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Real estate |
According to the Balance Sheet of 31.12.2013 date the company holds
real estates with a book value of 19.557.950,00 RON, but we do not have any
other details on the type and location of these assets. |
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Employees |
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Annual turnover |
|
|
Assets |
Figures in RON
per |
31.12.2011 |
31.12.2012 |
31.12.2013 |
|
|
Incorporation expenses |
0.0 |
0.0 |
0.0 |
|
|
Development expenses |
0.0 |
0.0 |
0.0 |
|
|
Concession rights, patents, licences, trademarks, similar rights and
assets and other intangible fixed assets |
7,019.0 |
13,721.0 |
6,153.0 |
|
|
Goodwill |
0.0 |
0.0 |
0.0 |
|
|
Down payments and intangible fixed assets in progress |
0.0 |
0.0 |
0.0 |
|
|
TOTAL INTANGIBLE FIXED ASSETS |
7,019.0 |
13,721.0 |
6,153.0 |
|
|
Land and buildings |
10,321,530.0 |
10,839,322.0 |
16,672,051.0 |
|
|
Technical installations and machines |
2,927,541.0 |
3,909,487.0 |
4,329,806.0 |
|
|
Other installations, machinery and furniture |
106,942.0 |
86,827.0 |
120,374.0 |
|
|
Down payments and tangible fixed assets in progress |
173,456.0 |
5,052,353.0 |
3,141,960.0 |
|
|
TOTAL TANGIBLE FIXED ASSETS |
13,529,469.0 |
19,887,989.0 |
24,264,191.0 |
|
|
Shares in subsidiaries |
0.0 |
0.0 |
0.0 |
|
|
Loans given to subsidiaries |
0.0 |
0.0 |
0.0 |
|
|
Participating interests |
0.0 |
0.0 |
0.0 |
|
|
Loans given to associates |
0.0 |
0.0 |
0.0 |
|
|
Other long term investments |
0.0 |
0.0 |
0.0 |
|
|
Other loans |
22,493.0 |
25,671.0 |
492,362.0 |
|
|
TOTAL CAPITAL ASSETS |
22,493.0 |
25,671.0 |
492,362.0 |
|
|
NON CURRENT ASSETS - TOTAL |
13,558,981.0 |
19,927,381.0 |
24,762,706.0 |
|
|
Raw materials and consumables |
11,631,426.0 |
13,720,412.0 |
13,821,572.0 |
|
|
Work in progress |
235,312.0 |
210,181.0 |
203,657.0 |
|
|
Finished goods |
4,239,461.0 |
6,445,448.0 |
6,921,847.0 |
|
|
Down payments on inventory purchases |
1,878,683.0 |
5,244,746.0 |
3,529,264.0 |
|
|
TOTAL INVENTORIES |
17,984,882.0 |
25,620,787.0 |
24,476,340.0 |
|
|
Trade receivables |
1,066,756.0 |
1,474,811.0 |
1,306,867.0 |
|
|
Receivables from subsidiaries |
0.0 |
0.0 |
0.0 |
|
|
Receivables from entities in respect of participating interests |
0.0 |
0.0 |
0.0 |
|
|
Other receivables |
8,356.0 |
9,010.0 |
1,596,174.0 |
|
|
Unpaid subscribed capital |
0.0 |
0.0 |
0.0 |
|
|
TOTAL RECEIVABLES |
1,075,112.0 |
1,483,821.0 |
2,903,041.0 |
|
|
Shares in subsidiaries |
0.0 |
0.0 |
0.0 |
|
|
Other short-term investments |
0.0 |
0.0 |
0.0 |
|
|
TOTAL SHORT-TERM INVESTMENTS |
0.0 |
0.0 |
0.0 |
|
|
PETTY CASH AND BANK ACCOUNTS |
23,150,565.0 |
18,495,419.0 |
17,850,257.0 |
|
|
CURRENT ASSETS - TOTAL |
42,210,559.0 |
45,600,027.0 |
45,229,638.0 |
|
|
PREPAID EXPENSES |
55,500.0 |
157,166.0 |
155,225.0 |
|
|
TOTAL ASSETS |
55,825,040.0 |
65,684,574.0 |
70,147,569.0 |
|
Liabilities |
Figures in RON
per |
31.12.2011 |
31.12.2012 |
31.12.2013 |
|
|
Debenture loans |
0.0 |
0.0 |
0.0 |
|
|
Amounts payable to credit entities |
0.0 |
0.0 |
0.0 |
|
|
Down payments received on orders in progress |
207,631.0 |
41,081.0 |
315,121.0 |
|
|
Commercial debts - suppliers |
1,060,697.0 |
1,520,539.0 |
1,729,015.0 |
|
|
Commercial bills due |
0.0 |
0.0 |
0.0 |
|
|
Amounts payable to subsidiaries |
0.0 |
0.0 |
0.0 |
|
|
Amounts payable to associates in respect of participating
interests |
0.0 |
0.0 |
0.0 |
|
|
Other debts, including fiscal debts and amounts payable to social
security |
5,866,586.0 |
6,192,759.0 |
5,052,343.0 |
|
|
TOTAL SHORT-TERM DEBTS |
7,134,914.0 |
7,754,379.0 |
7,096,479.0 |
|
|
NET CURRENT ASSETS/NET CURRENT DEBTS |
35,131,145.0 |
38,002,814.0 |
38,288,384.0 |
|
|
TOTAL ASSETS MINUS CURRENT DEBTS |
48,690,126.0 |
57,930,195.0 |
63,051,090.0 |
|
|
Debenture loans |
0.0 |
0.0 |
0.0 |
|
|
Amounts payable to credit entities |
41,111.0 |
5,302,407.0 |
5,500,322.0 |
|
|
Down payments received on orders in progress |
0.0 |
0.0 |
0.0 |
|
|
Commercial debts - suppliers |
0.0 |
0.0 |
0.0 |
|
|
Commercial bills due |
0.0 |
0.0 |
0.0 |
|
|
Amounts payable to subsidiaries |
0.0 |
0.0 |
0.0 |
|
|
Amounts payable to associates in respect of participating
interests |
0.0 |
0.0 |
0.0 |
|
|
Other debts, including fiscal debts and amounts payable to social
security |
0.0 |
0.0 |
0.0 |
|
|
TOTAL LONG-TERM DEBTS |
41,111.0 |
5,302,407.0 |
5,500,322.0 |
|
|
Provisions for pensions and other similar obligations |
0.0 |
0.0 |
0.0 |
|
|
Provisions for taxes |
0.0 |
0.0 |
0.0 |
|
|
Other provisions |
0.0 |
0.0 |
0.0 |
|
|
TOTAL DEBTS |
7,176,025.0 |
13,056,786.0 |
12,596,801.0 |
|
|
TOTAL PROVISIONS |
0.0 |
0.0 |
0.0 |
|
|
Grants for investments |
0.0 |
0.0 |
1,047,996.0 |
|
|
deferred income |
0.0 |
0.0 |
0.0 |
|
|
TOTAL DEFERRED INCOME |
0.0 |
0.0 |
1,047,996.0 |
|
|
Subscribed and paid capital |
100,000.0 |
100,000.0 |
100,000.0 |
|
|
Subscribed and unpaid capital |
0.0 |
0.0 |
0.0 |
|
|
Assets and liabilities (public sector companies) |
0.0 |
0.0 |
0.0 |
|
|
TOTAL SHARE CAPITAL |
100,000.0 |
100,000.0 |
100,000.0 |
|
|
CAPITAL PREMIUM |
0.0 |
0.0 |
0.0 |
|
|
REVALUATION RESERVES |
804,634.0 |
1,369,678.0 |
1,259,736.0 |
|
|
Legal reserves |
20,000.0 |
20,000.0 |
20,000.0 |
|
|
Statutory or contractual reserves |
0.0 |
0.0 |
0.0 |
|
|
Reserves representing the revaluation reserve surplus |
0.0 |
0.0 |
0.0 |
|
|
Other reserves |
37,981,704.0 |
44,981,704.0 |
48,757,157.0 |
|
|
TOTAL RESERVES |
38,001,704.0 |
45,001,704.0 |
48,777,157.0 |
|
|
Own shares |
0.0 |
0.0 |
0.0 |
|
|
Earnings associated to own capital instruments |
0.0 |
0.0 |
0.0 |
|
|
Losses associated to own capital instruments |
0.0 |
0.0 |
0.0 |
|
|
Reported profit or loss (e) Balance account C |
9,742,677.0 |
6,156,406.0 |
6,365,879.0 |
|
|
Reported profit or loss (e) Balance account D |
0.0 |
0.0 |
0.0 |
|
|
Profit or loss as per the financial year Balance account C |
9,742,677.0 |
6,176,049.0 |
6,432,647.0 |
|
|
Profit or loss as per the financial year Balance account D |
0.0 |
0.0 |
0.0 |
|
|
Profit distribution |
9,742,677.0 |
6,176,049.0 |
6,432,647.0 |
|
|
SHAREHOLDERS' EQUITY - TOTAL |
48,649,015.0 |
52,627,788.0 |
56,502,772.0 |
|
|
Public patrimony |
0.0 |
0.0 |
0.0 |
|
|
EQUITY - TOTAL |
48,649,015.0 |
52,627,788.0 |
56,502,772.0 |
|
|
TOTAL LIABILITIES |
55,825,040.0 |
65,684,574.0 |
70,147,569.0 |
|
Notes |
Figures in RON
per |
31.12.2011 |
31.12.2012 |
31.12.2013 |
|
|
Net turnover |
109,448,331.0 |
105,968,850.0 |
96,922,897.0 |
|
|
Own work sold |
64,511,557.0 |
65,756,666.0 |
54,927,907.0 |
|
|
Income from the sale of goods |
44,936,774.0 |
40,276,541.0 |
42,018,735.0 |
|
|
Income from interests made by leasing |
0.0 |
0.0 |
0.0 |
|
|
Income from grants related to income corresponding to net turnover |
0.0 |
0.0 |
0.0 |
|
|
-------Balance account C |
14,167,286.0 |
12,398,628.0 |
13,329,109.0 |
|
|
Balance account D |
0.0 |
0.0 |
0.0 |
|
|
Production made by the entity for its own purposes and capitalized |
0.0 |
0.0 |
0.0 |
|
|
Other operating income |
72,675.0 |
174,644.0 |
488,736.0 |
|
|
OPERATING INCOME - TOTAL |
123,688,292.0 |
118,542,122.0 |
110,740,742.0 |
|
|
Expenses on raw materials and consumables |
66,781,954.0 |
67,718,162.0 |
56,927,668.0 |
|
|
Other expenses supplies and materials |
116,989.0 |
91,740.0 |
377,197.0 |
|
|
Other outsourced expenses (electricity and water) |
132,227.0 |
166,669.0 |
189,396.0 |
|
|
Expenses on goods |
37,610,747.0 |
33,363,864.0 |
34,809,797.0 |
|
|
Expenses on personnel, of which: |
3,423,895.0 |
3,622,895.0 |
3,734,616.0 |
|
|
Salaries and benefits |
2,672,735.0 |
2,824,443.0 |
2,914,976.0 |
|
|
Insurance and social security costs |
751,160.0 |
798,452.0 |
819,640.0 |
|
|
Adjustments of the value of tangible and intangible fixed assets |
1,707,134.0 |
1,431,703.0 |
1,833,565.0 |
|
|
Expenses |
1,707,134.0 |
1,431,703.0 |
1,833,565.0 |
|
|
Income |
0.0 |
0.0 |
0.0 |
|
|
Adjustments of the value of current assets |
378,034.0 |
53,677.0 |
63,979.0 |
|
|
Expenses |
378,034.0 |
53,677.0 |
63,979.0 |
|
|
Income |
0.0 |
0.0 |
0.0 |
|
|
Other operating costs |
4,653,495.0 |
4,805,155.0 |
5,743,749.0 |
|
|
Expenses on third party services |
4,106,576.0 |
4,327,264.0 |
3,874,661.0 |
|
|
Expenses on other taxes, duties and similar charges |
184,795.0 |
190,985.0 |
1,301,207.0 |
|
|
Expenses on compensations, donations and assigned assets |
362,124.0 |
286,906.0 |
567,881.0 |
|
|
Expenses with refinancing interest rates of leasing entities |
0.0 |
0.0 |
0.0 |
|
|
Adjustments of provisions |
-245,818.0 |
870.0 |
-20,050.0 |
|
|
Expenses |
171,855.0 |
50,266.0 |
33,141.0 |
|
|
income |
417,673.0 |
49,396.0 |
53,191.0 |
|
|
OPERATING EXPENSES - TOTAL |
113,413,041.0 |
110,637,280.0 |
102,726,097.0 |
|
|
- Profit |
10,275,251.0 |
7,904,842.0 |
8,014,645.0 |
|
|
- Loss |
0.0 |
0.0 |
0.0 |
|
|
Income from participating interests, of which: |
0.0 |
0.0 |
0.0 |
|
|
income obtained from subsidiaries |
0.0 |
0.0 |
0.0 |
|
|
Income from other financial investments and loans which are part of intangible
fixed assets (acc. 763), of which: |
0.0 |
0.0 |
0.0 |
|
|
income obtained from subsidiaries |
0.0 |
0.0 |
0.0 |
|
|
Income from interest rates, of which: |
384,827.0 |
403,279.0 |
190,098.0 |
|
|
income obtained from subsidiaries |
0.0 |
0.0 |
0.0 |
|
|
Other financial income |
2,732,010.0 |
1,288,147.0 |
667,742.0 |
|
|
FINANCIAL INCOME - TOTAL |
3,116,837.0 |
1,691,426.0 |
857,840.0 |
|
|
Value adjustments in respect of capital assets and investments as
current assets |
0.0 |
0.0 |
0.0 |
|
|
Expenses |
0.0 |
0.0 |
0.0 |
|
|
income |
0.0 |
0.0 |
0.0 |
|
|
Interest expenses |
262,659.0 |
184,149.0 |
420,327.0 |
|
|
of which, expenses in respect of subsidiaries |
0.0 |
0.0 |
0.0 |
|
|
Other financial expenses |
1,821,764.0 |
2,275,032.0 |
1,018,597.0 |
|
|
FINANCIAL EXPENSES - TOTAL |
2,084,423.0 |
2,459,181.0 |
1,438,924.0 |
|
|
- Financial profit |
1,032,414.0 |
0.0 |
0.0 |
|
|
- Financial loss |
0.0 |
767,755.0 |
581,084.0 |
|
|
- Current profit |
11,307,665.0 |
7,137,087.0 |
7,433,561.0 |
|
|
- Current loss |
0.0 |
0.0 |
0.0 |
|
|
Extraordinary income |
0.0 |
0.0 |
0.0 |
|
|
Extraordinary expenses |
0.0 |
600.0 |
0.0 |
|
|
- Extraordinary profit |
0.0 |
0.0 |
0.0 |
|
|
- Extraordinary loss |
0.0 |
600.0 |
0.0 |
|
|
TOTAL INCOME |
126,805,129.0 |
120,233,548.0 |
111,598,582.0 |
|
|
TOTAL EXPENSES |
115,497,464.0 |
113,097,061.0 |
104,165,021.0 |
|
|
- Gross profit |
11,307,665.0 |
7,136,487.0 |
7,433,561.0 |
|
|
- Gross loss |
0.0 |
0.0 |
0.0 |
|
|
Income tax |
1,564,988.0 |
960,438.0 |
1,000,914.0 |
|
|
Other taxes which are not recorded above |
0.0 |
0.0 |
0.0 |
|
|
- Net profit |
9,742,677.0 |
6,176,049.0 |
6,432,647.0 |
|
|
- Net loss |
0.0 |
0.0 |
0.0 |
|
|
Net result |
9,742,677.0 |
6,176,049.0 |
6,432,647.0 |
|
Additional
information |
Figures in RON
per |
31.12.2011 |
31.12.2012 |
31.12.2013 |
|
|
Outstanding payments-total, of which: - TOTAL |
0.0 |
0.0 |
0.0 |
|
|
Accounts payable outstanding- total, of which: - TOTAL |
0.0 |
0.0 |
0.0 |
|
|
over 30 days - TOTAL |
N/A |
0.0 |
0.0 |
|
|
over 90 days - TOTAL |
N/A |
0.0 |
0.0 |
|
|
over 1 year - TOTAL |
N/A |
0.0 |
0.0 |
|
|
Outstanding payments to social security- total, of which: - TOTAL |
0.0 |
0.0 |
0.0 |
|
|
contributions to social security payable by employers, employees and
other assimilated entities - TOTAL |
0.0 |
0.0 |
0.0 |
|
|
contributions to the social health insurance fund - TOTAL |
0.0 |
0.0 |
0.0 |
|
|
contribution to the additional state pension system - TOTAL |
0.0 |
0.0 |
0.0 |
|
|
contributions to the unemployment fund - TOTAL |
0.0 |
0.0 |
0.0 |
|
|
other social liabilities - TOTAL |
0.0 |
0.0 |
0.0 |
|
|
Payments due to special funds and other funds - TOTAL |
0.0 |
0.0 |
0.0 |
|
|
Payments due to other creditors - TOTAL |
0.0 |
0.0 |
0.0 |
|
|
Taxes and fees unpaid to the public budget on the date due - TOTAL |
0.0 |
0.0 |
0.0 |
|
|
Taxes and fees unpaid to the local budget on the date due - TOTAL |
0.0 |
0.0 |
0.0 |
|
|
Bank credits which were not reimbursed on the date due - total, of
which: - TOTAL |
0.0 |
0.0 |
0.0 |
|
|
back payments after 30 days -
TOTAL |
N/A |
0.0 |
0.0 |
|
|
back payments after 90 days - TOTAL |
N/A |
0.0 |
0.0 |
|
|
back payments after 1 year - TOTAL |
N/A |
0.0 |
0.0 |
|
|
Past due interest - TOTAL |
0.0 |
0.0 |
0.0 |
|
|
Average number of employees |
120 |
129 |
139 |
|
Specific
tangible fixed assets |
Figures in RON
per |
31.12.2011 |
31.12.2012 |
31.12.2013 |
|
|
Lands |
2,832,254.0 |
2,834,604.0 |
2,822,604.0 |
|
|
Buildings |
9,308,407.0 |
10,250,150.0 |
16,735,346.0 |
|
|
Technical installations and machines |
11,712,581.0 |
13,259,996.0 |
14,713,648.0 |
|
|
|
||||||||||||||
|
Banks |
Banca Transilvania S.A., Focsani |
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|
|
|
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|
|
The subject is registered in the Electronic Archive for Secured
Transactions, as having credits at: - Banca Transilvania S.A., Focsani These credits are guaranteed with cash-flow and fixed assets. If the company is asking for credits, for which the company has to
present guarantees, these have to be first verified. |
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|
|
|
||||||||||||||
|
Payment behavior |
No complaints, but occasional delays (31) |
||||||||||||||
|
|
|
||||||||||||||
|
|
According to the information registered at the Ministry of Finance,
the company has no overdue debts to the State budget as of 31.03.2014. There are no related to the subject at the Payment Incidents Bureau
(CIP) in the period 26.06.2007 - 26.06.2014. |
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|
|
|
||||||||||||||
|
|
There are no related to the subject company at the Insolvency
Proceedings Bulletin. There are no records related to the subject company in our debt
collection department. The subject company is not registered with legal proceedings opened
against it, according to Court Portal. |
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|
|
|
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|
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|
|
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|
Exchange rate |
|
||||||||||||||
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.60.10 |
|
|
1 |
Rs.102.40 |
|
Euro |
1 |
Rs.81.88 |
INFORMATION DETAILS
|
Analysis Done by
: |
DIV |
|
|
|
|
Report Prepared
by : |
NNA |
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.