MIRA INFORM REPORT

 

 

Report Date :

29.03.2014

 

IDENTIFICATION DETAILS

 

Name :

JUTA A.S.

 

 

Registered Office :

Dukelská 417 , 544 15 Dvůr Králové n. L.

 

 

Country :

Czech Republic

 

 

Financials (as on) :

31.12.2012

 

 

Date of Incorporation :

01.05.1992

 

 

Com. Reg. No.:

B 571

 

 

Legal Form :

Public Limited Company

 

 

Line of Business :

·         Engaged in manufacturing and sale of products made of natural fibers as well as of synthetic materials, of products made of polypropylene and polyethylene for the sphere of constructions and agriculture, of packing materials as well as of materials for technical purposes, of geotextiles, of great-volume sacks

·         manufacturer of artificial lawns.

·         Manufacturer of other technical and industrial textiles

·         Manufacturer of knitted & crocheted fabrics

·         Manufacturer of rubber tyres and tubes, retreading and rebuilding of rubber tyres.

 

 

No. of Employees

2022 (2014)

 


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 :

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 – december 01, 2013

 

Country Name

Previous Rating

(30.09.2013)

Current Rating

(01.12.2013)

Czech Republic

B1

A2

 

Risk Category

ECGC Classification

Insignificant

 

A1

Low

 

A2

Moderate

 

B1

High

 

B2

Very High

 

C1

Restricted

 

C2

Off-credit

 

D

 


Czech Republic - ECONOMIC OVERVIEW

 

The Czech Republic is a stable and prosperous market economy closely integrated with the EU, especially since the country's EU accession in 2004. While the conservative, inward-looking Czech financial system has remained relatively healthy, the small, open, export-driven Czech economy remains sensitive to changes in the economic performance of its main export markets, especially Germany. When Western Europe and Germany fell into recession in late 2008, demand for Czech goods plunged, leading to double digit drops in industrial production and exports. As a result, real GDP fell 4.7% in 2009, with most of the decline occurring during the first quarter. Real GDP, however, slowly recovered with positive quarter-on-quarter growth starting in the second half of 2009 and continuing throughout 2011. In 2012, however, the economy fell into a recession due to a slump in external demand. The auto industry remains the largest single industry, and, together with its upstream suppliers, accounts for nearly 24% of Czech manufacturing. The Czech Republic produced more than a million cars for the first time in 2010, over 80% of which were exported. Foreign and domestic businesses alike voice concerns about corruption especially in public procurement. Other long term challenges include dealing with a rapidly aging population, funding an unsustainable pension and health care system, and diversifying away from manufacturing and toward a more high-tech, services-based, knowledge economy.

 

Source : CIA

 


Company name & address

 

JUTA a.s.
Dukelská 417
544 15 Dvůr Králové n. L.

Telephone:        00420/ 499 314 211
Telefax:            00420/ 499 320 268
E-Mail:              juta@juta.cz 
Web:                www.juta.cz

 

 

Company summary

  

 

Company development

Positive business development

 

 

Order situation

Good course of business

 

Terms of payment

usually within agreed terms

 

 

Business connection

Business connections are permissible

Legal form

Public Limited Company

 

 

Foundation

01/05/1992 - Public limited company

Comp. Register

01/05/1992, Krajský soud Hradec Králové,

RegNr.: B 571
Statistical number: 45534187
Tax number: CZ45534187

 

Share Capital

01/05/1992

CZK

465 483 000,-

 

 

 17/02/1993

CZK

471 032 000,-

 

 

 

16/08/2002

CZK

343 589 000,-

 

 

343.589 pc of bearer shares in documentary form at nominal value of CZK 1,000,--

 

Main Shareholder

Ing. Jiří Hlavatý (29.07.1948)
Bezručova 1447, 544 01 Dvůr Králové nad Labem

%

100

 

Board of Directors

Ing. Jiří Hlavatý (29.07.1948)
Bezručova 1447, 544 01 Dvůr Králové nad Labem
chairman of board

 

 

Ing. Marie Čermáková (13.09.1967)
Vorlech 3049, 544 01 Dvůr Králové nad Labem
Tel:00420/ 499 314 279
E-mail: cermakova@juta.cz    

 

Mgr. Petr Brdička (05.07.1954)
J. Šlitra 3065, 544 01 Dvůr Králové nad Labem

 

Supervisory Board

Prof.Ing. Bohumil Král, CSc. (07.01.1952)
U Homolky 13, 150 00 Praha 5
chairman of supervisory board

 

Hana Voborníková (07.07.1953)
nábř. Benešovo 1956, 544 01 Dvůr Králové nad Labem

 

 

Milan Holejšovský (03.12.1946)
Březinova 873, 544 01 Dvůr Králové nad Labem

General Data

Manufacture and sale of products made of natural fibers as well as of synthetic materials, of products made of polypropylene and polyethylene for the sphere of constructions and agriculture, of packing materials as well as of materials for technical purposes, of geotextiles, of great-volume sacks ; manufacture of artificial lawns.

 

The company JUTA a.s. has 14 production plants in the towns of:

 

Dvůr Králové nad Labem, Úpice, Jaroměř, Bernartice, Višňová, Turnov, Přerov, Olomouc, Žireč, Adamov.

 

 Main activity:

Manufacturer of other technical and industrial textiles

Additional Activities

·         Manufacturer of knitted & crocheted fabrics

·         Manufacturer of rubber tyres and tubes, retreading and rebuilding of rubber tyres.

 

 

Trade name(s)
JUTA a.s.
Beginning of validity: 01.05.1992

 

 

Export:
Germany
Italy
Netherlands
Poland
Russia
Slovakia

85%

 

General contacts:
telephone:
00420/ 499 314 211
telefax:
00420/ 499 320 268
e-mail:
juta@juta.cz
Web:
www.juta.cz  

 

 

Address:
Dukelská 417, 544 15 Dvůr Králové n. L.
Beginning of validity: 27.06.2000

 

Dukelská 417, Dvůr Králové n.L.
Beginning of validity: 01.05.1992
End of validity: 27.06.2000

 

Staff

2007

1827 employees

 

2009

1761 employees

 

 

2010

1904 employees

 

2011

1948 employees

 

 

2012

1980 employees

 

2013

2012 employees

 

 

2014

2022 employees

Annual Sales

2005

actual sales

CZK

3 089 540 000,-

 

 

 

2006

actual sales

CZK

3 594 588 000,-

 

 

2007

actual sales

CZK

4 198 026 000,-

 

 

 

2008

actual sales

CZK

4 238 350 000,-

 

 

2009

actual sales

CZK

3 542 690 000,-

 

 

 

2010

actual sales

CZK

4 304 938 000,-

 

 

2011

actual sales

CZK

4 960 386 000,-

 

 

 

2012

actual sales

CZK

5 535 651 000,-

 

 

2013

actual sales

CZK

5 800 000 000,-

 

 

 

The company is not registered in the Central register of executions.

Property

Property of the company: Business premises
(verified in the real estate registry)
CZ-544 15 Dvůr Králové nad Labem, Dukelská 417

 

Balance sheets

The enclosed balance of 2012 from business register, it is authenticated by the auditor. (31.12.2012 - 1 CZK)
The enclosed balance of 2011 from business register, it is authenticated by the auditor. (31.12.2011 - 1 CZK)
The enclosed balance of 2010 from business register, it is authenticated by the auditor. (31.12.2010 - 1 CZK)

 

The enclosed profit/loss account of 2012 from business register, it is authenticated by the auditor. (31.12.2012 - 1 CZK)
The enclosed profit/loss account of 2011 from business register, it is authenticated by the auditor. (31.12.2011 - 1 CZK)
The enclosed profit/loss account of 2010 from business register, it is authenticated by the auditor. (31.12.2010 - 1 CZK)

 

Remarks

The company is a holder of ISO 9001 and ISO 14001 certificates.

All the sources of negative data accessible to public (insolvency registers, databases of debtors of health insurance institutions, commercial bulletin, collection database) are currently monitored.

 

Business management:
Ing. Jiří Hlavatý – general director
Ing. Marie Čermáková – economic director, phone 00420/ 499 314 279
e-mail: cermakova@juta.cz
Ing. Miroslav Přichystal – technical director, phone 00420/ 499 314 239
Hana Sedláčková – marketing director, phone 00420/ 499 314 212
Hana Voborníková – chief accountant, phone: 00420/ 499 314 273
e-mail: vobornikova@juta.cz

Subsidiaries:
- JUTA Slovakia s.r.o., IČ 36548341
Vašinova 61, 949 01 Nitra, Slovakia, share 100%
- Rolltex GmbH, Rheda Wiedenbrück, Germany, share 100%
- JUTA Beheer B.V., 8375AS Oldemarkt, Netherlands, share 100%
- JUTA UK Ltd., 16 Queens Manor, Clifton Drice South, FY8 1FJ Lytham St. Annes,
Lancashire, Great Britain, share 50%
- UK Hardware Direct Limited, Lancashire, Great Britain, share 35%

Further participations - Ing. Jiří Hlavatý :
Městské vodovody a kanalizace Dvůr Králové nad Labem s.r.o., IČ 28818334,
member of the Supervisory board

The original firms were established in the second half of the 19-th century. From 1946, the national enterprise JUTA was functioning, later as JUTA, státní podnik /state enterprise/. In 1992, joint-stock company JUTA a.s. was established in the framework of privatizing of the state enterprise JUTA.

On the basis of resolution of the General Meetings of the companies JUTAPLAST, a.s. and JUTA a.s. from June 7, 1999, the company JUTAPLAST, a.s., IČ 25288334 was merged, as of July 8, 1999 with the company JUTA a.s.

Liabilities after due date by 31.12.2012 - delayed payments
from the reasons of reclamations and similar reasons.

 

Bankers

Komerční banka, a.s.
Account number: 503601/0100

Československá obchodní banka, a. s.
Account number: 8010-408084893/0300

Komerční banka, a.s.
Account number: 000000-7957540267/0100

UniCredit Bank Czech Republic and Slovakia, a.s.
Account number: 000000-1011010006/2700

Československá obchodní banka, a. s.
Account number: 174019-0408084893/0300

The Royal Bank of Scotland N.V., organizační složka
Account number: 170704/5400

Československá obchodní banka, a. s.
Account number: 171280-0408084893/0300
Account number: 176030-0408084893/0300
Account number: 172080-0408084893/0300
Account number: 173200-0408084893/0300

The Royal Bank of Scotland N.V., organizační složka
Account number: 000000-0000191513/5400
Account number: 000000-0000247062/5400
Account number: 000000-0000200723/5400
Account number: 000000-0000170712/5400
Account number: 000000-0000191505/5400

Copyright:

This information is addressed exclusively to the addressee. Contractor obligates to provide updated information. Although it is always put maximum effort to collect actual and exact information, it is not confirmed as delinquency if there are particular inaccurateness contained within the information, which are not considered as essential in terms of the objective for which the information is provided to the addressee. Contractor and recipient conform to the rules of the Name and Description Security Act, Nub.101/2000. According to the Name and Description Security Act, recipient has the right to process or to use forwarding data only for the purpose for which information has been sent to the recipient. Usage for other purpose is acceptable only in case referring to valid regulations of the above mentioned act.

 

 

Financial data

 

 

balance

31.12.2009 (CZK)

31.12.2010 (CZK)

31.12.2011 (CZK)

31.12.2012 (CZK)

r1

TOTAL ASSETS

4 702 280 000

4 871 666 000

4 848 942 000

4 764 656 000

r2

Receivables for subscriptions

0

 

0

0

r3

Fixed assets

2 602 688 000

2 518 054 000

2 495 675 000

2 274 868 000

r4

Intangible fixed assets

480 000

333 000

152 000

197 000

r7

Software

350 000

333 000

152 000

197 000

r8

Valuable rights

 

 

0

 

r10

Other intangible fixed assets

 

 

0

 

r11

Intangible fixed assets under construction

130 000

 

 

 

r13

Tangible fixed assets

2 587 665 000

2 501 828 000

2 477 484 000

2 257 005 000

r14

Lands

57 278 000

59 376 000

69 075 000

69 075 000

r15

Constructions

798 686 000

823 605 000

791 703 000

904 683 000

r16

Equipment

1 065 120 000

964 840 000

976 724 000

1 026 422 000

r19

Other tangible fixed assets

600 000

487 000

1 063 000

895 000

r20

Tangible fixed assets under construction

44 889 000

50 169 000

277 634 000

100 459 000

r21

Advance payments for tangible fixed assets

29 891 000

159 950 000

65 685 000

7 671 000

r22

Adjustment to acquired assets

591 201 000

443 401 000

295 600 000

147 800 000

r23

Long-term financial assets

14 543 000

15 893 000

18 039 000

17 666 000

r24

Shares in controlled and managed organizations

14 543 000

13 771 000

14 178 000

13 815 000

r26

Other securities and shares

 

2 122 000

3 861 000

3 851 000

r31

Current assets

2 084 499 000

2 337 892 000

2 337 584 000

2 471 401 000

r32

Inventory

816 290 000

977 151 000

1 043 614 000

1 201 015 000

r33

Materials

321 456 000

416 674 000

467 126 000

564 645 000

r34

Work in progress and semi-products

167 178 000

212 675 000

237 333 000

253 452 000

r35

Finished products

295 242 000

307 913 000

278 693 000

331 559 000

r37

Merchandise

32 414 000

39 889 000

60 462 000

51 359 000

r38

Advance payments for inventory

 

 

 

0

r39

Long-term receivables

8 733 000

9 398 000

9 675 000

 

r40

Trade receivables

 

9 398 000

 

 

r42

Receivables from accounting units with substantial influence

8 733 000

 

9 675 000

 

r48

Short-term receivables

790 031 000

962 806 000

1 114 783 000

1 091 612 000

r49

Trade receivables

686 868 000

848 472 000

938 519 000

1 003 570 000

r54

Due from state - tax receivable

69 176 000

103 637 000

163 093 000

85 082 000

r56

Estimated receivable

2 501 000

2 801 000

2 104 000

1 299 000

r57

Other receivables

31 486 000

7 896 000

11 067 000

1 661 000

r58

Short-term financial assets

469 445 000

388 537 000

169 512 000

178 774 000

r59

Cash

813 000

1 010 000

1 212 000

885 000

r60

Bank accounts

138 924 000

387 527 000

168 300 000

177 889 000

r61

Short-term securities and ownership interests

329 708 000

 

 

 

r63

Accruals

15 093 000

15 720 000

15 683 000

18 387 000

r64

Deferred expenses

7 223 000

7 550 000

7 463 000

9 263 000

r65

Complex deferred costs

5 303 000

7 460 000

7 843 000

7 332 000

r66

Deferred income

2 567 000

710 000

377 000

1 792 000

r67

TOTAL LIABILITIES

4 702 280 000

4 871 666 000

4 848 942 000

4 764 656 000

r68

Equity

3 651 939 000

3 684 935 000

3 639 395 000

3 694 031 000

r69

Registered capital

343 589 000

343 589 000

343 589 000

343 589 000

r70

Registered capital

343 589 000

343 589 000

343 589 000

343 589 000

r73

Capital funds

1 706 459 000

1 705 536 000

1 706 163 000

1 705 793 000

r74

Share premium

 

 

 

1 705 332 000

r75

Other capital funds

1 705 331 000

1 705 332 000

1 705 331 000

 

r76

Differences from revaluation of assets and liabilities ( +/- )

1 128 000

204 000

832 000

461 000

r78

Reserve funds, statutory reserve account for cooperatives, and other retained earnings

94 898 000

93 818 000

92 663 000

93 040 000

r79

Legal reserve fund / indivisible fund

90 714 000

90 714 000

90 714 000

90 714 000

r80

Statutory and other funds

4 184 000

3 104 000

1 949 000

2 326 000

r81

Profit / loss - previous years

1 347 321 000

1 441 393 000

1 488 498 000

1 441 819 000

r82

Retained earnings from previous years

1 347 321 000

1 441 393 000

1 488 498 000

1 441 819 000

r84

Profit / loss - current year (+/-)

159 672 000

100 599 000

8 482 000

109 790 000

r85

Liabilities

1 048 724 000

1 177 141 000

1 194 730 000

1 056 967 000

r86

Reserves

32 543 000

4 931 000

3 697 000

542 000

r87

Reserves under special statutory regulations

32 543 000

 

 

 

r90

Other reserves

 

4 931 000

3 697 000

542 000

r91

Long-term payables

248 993 000

237 068 000

227 669 000

204 952 000

r100

Other payables

 

143 000

130 000

118 000

r101

Deferred tax liability

248 993 000

236 925 000

227 539 000

204 834 000

r102

Short-term payables

695 957 000

805 757 000

742 005 000

787 604 000

r103

Trade payables

573 159 000

689 838 000

654 943 000

685 868 000

r106

Payables from partners, cooperative members and association members

1 659 000

1 659 000

0

 

r107

Payroll

29 376 000

31 819 000

32 114 000

36 851 000

r108

Payables to social securities and health insurance

16 463 000

18 306 000

18 922 000

20 654 000

r109

Due from state - tax liabilities and subsidies

3 342 000

3 693 000

3 944 000

4 530 000

r110

Short-term deposits received

424 000

3 768 000

313 000

2 881 000

r112

Estimated payables

25 576 000

14 406 000

6 742 000

11 743 000

r113

Other payables

45 958 000

42 268 000

25 027 000

25 077 000

r114

Bank loans and financial accommodations

71 231 000

129 385 000

221 359 000

63 869 000

r115

Long-term bank loans

71 231 000

38 042 000

17 645 000

0

r116

Short-term bank loans

0

91 343 000

203 714 000

63 869 000

r117

Short-term accommodations

0

 

0

0

r118

Accruals

1 617 000

9 590 000

14 817 000

13 658 000

r119

Accrued expenses

1 617 000

9 590 000

14 817 000

13 658 000

 

profit/loss account

31.12.2009 (CZK)

31.12.2010 (CZK)

31.12.2011 (CZK)

31.12.2012 (CZK)

a1

Turnover

3 542 690 000

4 304 938 000

4 960 386 000

5 535 651 000

a2

Revenues from sold goods

114 663 000

181 779 000

267 036 000

298 800 000

a3

Expenses on sold goods

97 555 000

152 956 000

233 036 000

262 197 000

a4

Sale margin

17 108 000

28 823 000

34 000 000

36 603 000

a5

Production

3 421 272 000

4 228 958 000

4 737 528 000

5 355 449 000

a6

Revenues from own products and services

3 428 027 000

4 123 159 000

4 693 350 000

5 236 851 000

a7

Change in inventory of own products

-53 045 000

56 950 000

-796 000

63 619 000

a8

Capitalization

46 290 000

48 849 000

44 974 000

54 979 000

a9

Production consumption

2 394 570 000

3 227 675 000

3 617 490 000

4 147 072 000

a10

Consumption of material and energy

2 073 811 000

2 848 282 000

3 238 967 000

3 725 715 000

a11

Services

320 759 000

379 393 000

378 523 000

421 357 000

a12

Added value

1 043 810 000

1 030 106 000

1 154 038 000

1 244 980 000

a13

Personnel expenses

577 559 000

650 357 000

684 030 000

721 307 000

a14

Wages and salaries

430 242 000

479 665 000

503 817 000

532 057 000

a15

Renumeration of board members

325 000

224 000

224 000

254 000

a16

Social security expenses and health insurance

142 540 000

165 728 000

174 969 000

183 674 000

a17

Other social expenses

4 452 000

4 740 000

5 020 000

5 322 000

a18

Taxes and fees

3 432 000

6 247 000

6 414 000

4 685 000

a19

Depreciations of intangible and tangible assets

423 099 000

417 890 000

338 709 000

353 942 000

a20

Revenues from disposals of fixed assets and materials

10 320 000

16 547 000

28 398 000

28 148 000

a21

Revenues from disposals of fixed assets

993 000

258 000

2 919 000

158 000

a22

Revenues from disposals of materials

9 327 000

16 289 000

25 479 000

27 990 000

a23

Net book value of disposed fixed assets and materials

4 139 000

8 819 000

21 286 000

23 332 000

a24

Net book value of sold fixed assets

222 000

74 000

2 233 000

 

a25

Net book value of sold material

3 917 000

8 745 000

19 053 000

23 332 000

a26

Change in operating reserves and adjustments and complex deferred costs ( + / - )

-38 186 000

-10 359 000

10 715 000

7 916 000

a27

Other operating revenues

38 214 000

38 448 000

35 613 000

38 045 000

a28

Other operating expenses

28 689 000

21 610 000

15 432 000

25 249 000

a29

Transfer of operating revenues

 

 

 

0

a30

Transfer of operating expenses

 

 

 

0

a31

Operating profit / loss

93 612 000

-9 463 000

141 463 000

174 742 000

a34

Revenues from long-term financial assets

 

0

 

0

a43

Interest revenues

2 011 000

4 613 000

2 934 000

1 650 000

a44

Interest expenses

3 477 000

2 219 000

5 669 000

2 533 000

a45

Other financial revenues

508 355 000

688 078 000

698 504 000

217 158 000

a46

Other financial expenses

420 045 000

554 706 000

832 533 000

260 027 000

a47

Transfer of financial revenues

 

 

 

0

a48

Transfer of financial expenses

 

 

 

0

a49

Profit / loss from financial operations ( transactions )

86 844 000

135 766 000

-136 763 000

-43 752 000

a50

Income tax on ordinary income

20 784 000

25 704 000

-3 782 000

21 200 000

a51

Due tax

55 613 000

37 772 000

5 604 000

43 905 000

a52

Tax deferred

-34 829 000

-12 068 000

-9 386 000

-22 705 000

a53

Operating profit / loss ordinary activity

159 672 000

100 599 000

8 482 000

109 790 000

a56

Income tax on extraordinary income

 

0

 

0

a59

Operating profit / loss extraordinary activity

0

0

 

0

a61

Profit / loss of current accounting period (+/-)

159 672 000

100 599 000

8 482 000

109 790 000

a62

Profit / loss before tax (+/-)

180 456 000

126 303 000

4 700 000

130 990 000

Operating cash flow

909 685 000

324 759 000

 

 

Investment cash flow

-185 344 000

-417 706 000

 

 

Financial cash flow

-331 012 000

12 039 000

 

 

Receivables more than 360 days after due date

28 252 000

40 097 000

51 291 000

41 870 000

Liabilities after due date total

1 879 000

4 775 000

 

10 966 000

Liabilities more than 360 days after due date

 

 

0

 

 

Balance indices

 

31.12.2009

31.12.2010

31.12.2011

31.12.2012

Return on total assets ROA (in %)

a62/r1 * 100

3,84

2,59

0,10

2,75

Return on equity ROE (in %)

a62/r68 * 100

4,94

3,43

0,13

3,55

Return on sales ROS (in %)

a62/a1 * 100

5,09

2,93

0,09

2,37

Turnover of receivables (in days)

r49/a1 * 365

70,77

71,94

69,06

66,17

Turnover of liabilities (in days)

r103/a1 * 365

59,05

58,49

48,19

45,22

Turnover of inventories (days)

r32/a1 * 365

84,10

82,85

76,79

79,19

Net working capital (in ths. CZK)

r31 - r102 - r116 - r117

1 388 542,00

1 440 792,00

1 391 865,00

1 619 928,00

Ratio of accounts payable to accounts receivable (in %)

(r39+r48) / (r91+r102) * 100

84,53

93,23

115,96

n/a

Ratio of profit/loss to tangible assets (in%)

r3 / a1 * 100

73,47

58,49

50,31

41,09

Current ratio

r31 / (r102+r116+r117)

3,00

2,61

2,47

2,90

Quick ratio

(r58+r48) / (r102+r116+r117)

1,81

1,51

1,36

1,49

Cash ratio

r58 / (r102+r116+r117)

0,67

0,43

0,18

0,21

Debt ratio I (in %)

(1-r68/r67) * 100

22,34

24,36

24,94

22,47

Debt ratio II (in %)

r85/r67 * 100

22,30

24,16

24,64

22,18


FOREIGN EXCHANGE RATES

 

Currency

Unit

Indian Rupees

US Dollar

1

Rs.60.09

UK Pound

1

Rs.99.85

Euro

1

Rs.82.58

                

INFORMATION DETAILS

 

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.