MIRA INFORM REPORT

 

 

Report Date :

11.10.2014

 

IDENTIFICATION DETAILS

 

Name :

KES - KABELOVÉ A ELEKTRICKÉ SYSTÉMY, SPOL. S R.O.

 

 

Registered Office :

Popinecká 983/30  739 32 Vratimov

 

 

Country :

Czech Republic

 

 

Financials (as on) :

31.12.2013

 

 

Date of Incorporation :

01.06.1992

 

 

Com. Reg. No.:

C 3627

 

 

Legal Form :

Private limited company

 

 

Line of Business :

Manufacture of electrical and electronic equipment for motor vehicles

 

 

No. of Employees :

720

 

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 – June 1, 2014

 

Country Name

Previous Rating

(31.03.2014)

Current Rating

(01.06.2014)

Czech Republic

A2

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. The auto industry is 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. 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 sharply in 2009. The economy slowly recovered in the second half of 2009 and registered weak growth in the next two years. In 2012, however, the economy fell into a recession again, due both to a slump in external demand and to the government’s austerity measures. The country pulled out of recession in the second half of 2013, and most analysts expect modest, but steady, growth through 2014. 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 and address

 

KES - KABELOVÉ A ELEKTRICKÉ SYSTÉMY, SPOL. S R.O.

Popinecká 983/30
739 32 Vratimov


telephone: 00420/ 596 762 711
telefax: 00420/ 596 762 718
e-mail: info@kes.cz
Web: www.kes.cz

 

 

Company summary

 

 

Legal form

Private limited company

 

 

Foundation

01/06/1992 - Private limited company

 

Comp. Register

01/06/1992, Krajský soud v Ostravě, RegNr.: C 3627
Statistical number: 46581448
Tax number: CZ46581448

 

Share Capital

01/06/1992

CZK

100.000,-

 

 

 

27/07/1999

CZK

7.600.000,-

 

 

Shareholders

Zizala Lichtsysteme GmbH
Scheibbser Str. 17, 3250 Wieselburg, Austria

CZK

7.600.000,-

 

 

Management

Dkfm. Ulrich Mommert (11.01.1941)
Riegrova 527/17, 741 01 Nový Jičín
Executive Manager

 

 

Ing. Jiří Zbořil (07.05.1953)
Hodslavice 238, 742 71 Hodslavice
confidential clerk

 

 

Ing. Martin Svozil, MBA (11.11.1969)
Nádražní 2683/60, 702 00 Ostrava
confidential clerk

 

 

Pavel Kaša (02.05.1977)
U Kulturního domu 1952, 735 41 Petřvald
confidential clerk

 

General Data

Manufacture of cable bundles for automotive industry – i.e. cable bundles for lamps and lanterns, for fuel systems of storage battery units for electro mobiles, cables for independent heating systems manufacture of cable bundles for electro technical industry.

 

 

Main activity:
Manufacture of electrical and electronic equipment for motor vehicles


(29.31)

 

 

Former name(s)
PROCOM - konzultace, obchod, marketing, spol. s r. o.
Beginning of validity: 01.06.1992
End of validity: 02.01.1995

 

 

ZKW LICHTSYSTEME CZ, společnost s ručením omezeným
Beginning of validity: 02.01.1995
End of validity: 20.01.1999

 

 

Trade name(s)
KES - kabelové a elektrické systémy, spol. s r.o.
Beginning of validity: 20.01.1999

 

 

Export:
Austria
Germany
Slovakia
Hungary
Spain

80%

 

 

Import:
Austria
France
Germany
Great Britain

 

 

General contacts:
telephone:
00420/ 596 762 711
telefax:
00420/ 596 762 718
e-mail:
info@kes.cz
Web:
www.kes.cz

 

 

Address:
Popinecká 983/30, 739 32 Vratimov
Beginning of validity: 05.08.2014

 

 

Popinecká č.p. 983, 739 32 Vratimov
Beginning of validity: 07.03.2002
End of validity: 05.08.2014

 

 

Popínecká 30, Vratimov
Beginning of validity: 02.01.1995
End of validity: 07.03.2002

 

 

Dukelská 262, Nový Jičín
Beginning of validity: 01.06.1992
End of validity: 02.01.1995

 

Staff

2010

621 employees

 

 

2011

638 employees

 

 

2012

672 employees

 

 

2013

681 employees

 

 

2014

720 employees

 

Annual Sales

2005

actual sales

CZK

523.220.000,-

 

 

 

2006

actual sales

CZK

561.956.000,-

 

 

 

2007

actual sales

CZK

643.121.000,-

 

 

 

2008

actual sales

CZK

664.563.000,-

 

 

 

2009

actual sales

CZK

630.269.000,-

 

 

 

2010

actual sales

CZK

802.900.000,-

 

 

 

2011

actual sales

CZK

879.068.000,-

 

 

 

2012

actual sales

CZK

999.242.000,-

 

 

 

2013

actual sales

CZK

1.035.940.000,-

 

 

 

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-739 32 Vratimov, Popínecká 983

 

Balance sheets

The enclosed balance of 2013 from business register, it is authenticated by the auditor. (31.12.2013 - 1 CZK)
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 profit/loss account of 2013 from business register, it is authenticated by the auditor. (31.12.2013 - 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)

 

Remarks

The company is a holder of TS 16949 - quality management system certificate.


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

 

 

Business management:
JUDr. Bohumil Jahn - business director
Ing. Jiří Zbořil - technical director

Contact:
Bc. Vladimíra Musilová - accountant

The sole associate company Zizala Lichtsysteme GmbH has share capital amounting to EUR
3.300.000,- and engages 1.700 employees, in 2012, its turnover has reached EUR 407.940.000,-.

 

Bankers

Oberbank AG pobočka Česká republika
Account number: 2000004932/8040
Account number: 2081003631/8040

Česká spořitelna, a. s.
Account number: 2044832/0800
Account number: 1816722/0800

Československá obchodní banka, a. s.
Account number: 166656712/0300
Account number: 3983487/0300

(8040)

(0800)

(0300)

 

Copyright: Creditreform s.r.o. Praha

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

31.12.2010 (CZK)

31.12.2011 (CZK)

31.12.2012 (CZK)

31.12.2013 (CZK)

r1

TOTAL ASSETS

456.102.000

537.396.000

626.140.000

754.910.000

r2

Receivables for subscriptions

0

0

0

0

r3

Fixed assets

141.627.000

185.366.000

207.426.000

226.770.000

r4

Intangible fixed assets

250.000

1.061.000

1.157.000

1.454.000

r5

Incorporation expenses

0

 

 

 

r6

Research and development

0

 

 

 

r7

Software

0

881.000

1.037.000

1.394.000

r8

Valuable rights

250.000

181.000

120.000

60.000

r9

Goodwill

0

 

 

 

r10

Other intangible fixed assets

0

 

 

 

r11

Intangible fixed assets under construction

0

 

 

 

r12

Advance payments for intangible fixed assets

0

 

 

 

r13

Tangible fixed assets

141.377.000

184.305.000

206.269.000

225.316.000

r14

Lands

1.305.000

5.517.000

10.137.000

10.350.000

r15

Constructions

74.199.000

73.814.000

75.243.000

113.827.000

r16

Equipment

62.698.000

66.133.000

72.871.000

96.895.000

r17

Perennial corps

0

 

 

 

r18

Breeding and draught animals

0

 

 

 

r19

Other tangible fixed assets

0

 

 

 

r20

Tangible fixed assets under construction

188.000

38.840.000

47.800.000

4.244.000

r21

Advance payments for tangible fixed assets

2.987.000

 

218.000

 

r22

Adjustment to acquired assets

0

 

 

 

r23

Long-term financial assets

0

0

0

0

r24

Shares in controlled and managed organizations

0

 

 

 

r25

Shares in accounting units with substantial influence

0

 

 

 

r26

Other securities and shares

0

 

 

 

r27

Loans to controlled and managed organizations and to accounting unit with substantial influence

0

 

 

 

r28

Other financial investments

0

 

 

 

r29

Financial investments acquired

0

 

 

 

r30

Advance payments for long-term financial assets

0

 

 

 

r31

Current assets

313.905.000

349.186.000

413.287.000

519.828.000

r32

Inventory

100.134.000

122.322.000

116.112.000

142.499.000

r33

Materials

69.387.000

82.118.000

71.798.000

88.050.000

r34

Work in progress and semi-products

12.120.000

16.510.000

19.394.000

25.266.000

r35

Finished products

14.941.000

20.875.000

20.479.000

25.534.000

r36

Animals

0

 

 

 

r37

Merchandise

3.686.000

2.819.000

4.441.000

3.649.000

r38

Advance payments for inventory

0

 

 

 

r39

Long-term receivables

494.000

716.000

525.000

666.000

r40

Trade receivables

0

 

 

 

r41

Receivables from controlled and managed organizations

0

 

 

 

r42

Receivables from accounting units with substantial influence

0

 

 

 

r43

Receivables from partners, cooperative members and association members

0

 

 

 

r44

Long-term deposits given

7.000

 

 

 

r45

Estimated receivable

487.000

716.000

525.000

666.000

r46

Other receivables

0

 

 

 

r47

Deferred tax receivable

0

 

 

 

r48

Short-term receivables

177.352.000

196.044.000

243.321.000

329.900.000

r49

Trade receivables

116.189.000

119.555.000

108.363.000

164.636.000

r50

Receivables from controlled and managed organizations

59.385.000

72.681.000

132.252.000

163.076.000

r51

Receivables from accounting units with substantial influence

0

 

 

 

r52

Receivables from partners, cooperative members and association members

0

 

 

 

r53

Receivables from social security and health insurance

0

 

 

 

r54

Due from state - tax receivable

0

1.184.000

3.000

5.000

r55

Short-term deposits given

1.117.000

1.571.000

1.584.000

1.512.000

r56

Estimated receivable

0

 

 

 

r57

Other receivables

661.000

1.052.000

1.119.000

671.000

r58

Short-term financial assets

35.925.000

30.105.000

53.329.000

46.763.000

r59

Cash

288.000

308.000

307.000

295.000

r60

Bank accounts

35.637.000

29.797.000

53.022.000

46.468.000

r61

Short-term securities and ownership interests

0

 

 

 

r62

Short-term financial assets acquired

0

 

 

 

r63

Accruals

570.000

2.844.000

5.427.000

8.313.000

r64

Deferred expenses

560.000

2.816.000

5.342.000

8.236.000

r65

Complex deferred costs

0

 

 

 

r66

Deferred income

10.000

28.000

85.000

77.000

r67

TOTAL LIABILITIES

456.102.000

537.396.000

626.140.000

754.910.000

r68

Equity

343.543.000

408.266.000

484.803.000

600.478.000

r69

Registered capital

7.600.000

7.600.000

7.600.000

7.600.000

r70

Registered capital

7.600.000

7.600.000

7.600.000

7.600.000

r71

Company’s own shares and ownership interests (-)

0

 

 

 

r72

Changes of registered capital ( +/- )

0

 

 

 

r73

Capital funds

102.000

77.000

77.000

77.000

r74

Share premium

77.000

77.000

77.000

77.000

r75

Other capital funds

25.000

 

 

 

r76

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

0

 

 

 

r77

Differences from revaluation in transformation ( +/- )

0

 

 

 

r78

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

1.520.000

1.520.000

1.520.000

1.520.000

r79

Legal reserve fund / indivisible fund

1.520.000

1.520.000

1.520.000

1.520.000

r80

Statutory and other funds

0

 

 

 

r81

Profit / loss - previous years

287.833.000

329.731.000

392.769.000

469.619.000

r82

Retained earnings from previous years

287.833.000

329.731.000

392.769.000

467.459.000

r83

Accumulated losses from previous years

0

 

 

2.160.000

r84

Profit / loss - current year (+/-)

46.488.000

69.338.000

82.837.000

121.662.000

r85

Liabilities

108.084.000

126.887.000

138.300.000

150.040.000

r86

Reserves

10.355.000

11.767.000

17.219.000

15.948.000

r87

Reserves under special statutory regulations

0

 

17.219.000

15.948.000

r88

Reserves for pension and similar payables

10.355.000

11.767.000

 

 

r89

Income tax reserves

0

 

 

 

r90

Other reserves

0

 

 

 

r91

Long-term payables

3.991.000

4.584.000

4.074.000

5.462.000

r92

Trade payables

0

 

 

 

r93

Payables to controlled and managed organizations

0

 

 

 

r94

Payables to accounting units with substantial influence

0

 

 

 

r95

Payables from partners, cooperative members and association members

0

 

 

 

r96

Long-term advances received

0

 

 

 

r97

Issues bonds

0

 

 

 

r98

Long-term notes payables

0

 

 

 

r99

Estimated payables

451.000

 

 

 

r100

Other payables

0

 

89.000

118.000

r101

Deferred tax liability

3.540.000

4.584.000

3.985.000

5.344.000

r102

Short-term payables

93.690.000

110.535.000

117.007.000

128.630.000

r103

Trade payables

66.663.000

81.853.000

85.538.000

94.128.000

r104

Payables to controlled and managed organizations

807.000

3.619.000

1.965.000

 

r105

Payables to accounting units with substantial influence

0

 

 

 

r106

Payables from partners, cooperative members and association members

0

 

 

 

r107

Payroll

45.000

8.754.000

9.208.000

10.430.000

r108

Payables to social securities and health insurance

4.543.000

4.893.000

5.223.000

5.878.000

r109

Due from state - tax liabilities and subsidies

12.330.000

5.835.000

11.599.000

13.768.000

r110

Short-term deposits received

4.000

 

 

 

r111

Issues bonds

0

 

 

 

r112

Estimated payables

591.000

5.258.000

2.947.000

4.110.000

r113

Other payables

8.707.000

323.000

527.000

316.000

r114

Bank loans and financial accommodations

48.000

0

0

0

r115

Long-term bank loans

0

0

0

0

r116

Short-term bank loans

0

0

0

0

r117

Short-term accommodations

48.000

0

0

0

r118

Accruals

4.475.000

2.243.000

3.037.000

4.392.000

r119

Accrued expenses

4.470.000

2.238.000

3.037.000

4.392.000

r120

Deferred revenues

5.000

5.000

 

 

 

 

profit/loss account

31.12.2010 (CZK)

31.12.2011 (CZK)

31.12.2012 (CZK)

31.12.2013 (CZK)

a1

Turnover

802.900.000

879.068.000

999.242.000

1.035.940.000

a2

Revenues from sold goods

15.558.000

12.636.000

12.783.000

17.452.000

a3

Expenses on sold goods

11.428.000

9.666.000

10.442.000

14.827.000

a4

Sale margin

4.130.000

2.970.000

2.341.000

2.625.000

a5

Production

784.707.000

877.359.000

989.514.000

1.027.852.000

a6

Revenues from own products and services

787.342.000

866.432.000

986.459.000

1.018.488.000

a7

Change in inventory of own products

-3.430.000

10.324.000

2.544.000

8.797.000

a8

Capitalization

795.000

603.000

511.000

567.000

a9

Production consumption

527.614.000

581.626.000

649.473.000

655.874.000

a10

Consumption of material and energy

487.545.000

547.038.000

609.959.000

620.936.000

a11

Services

40.069.000

34.588.000

39.514.000

34.938.000

a12

Added value

261.223.000

298.703.000

342.382.000

374.603.000

a13

Personnel expenses

174.757.000

200.390.000

217.910.000

221.617.000

a14

Wages and salaries

128.263.000

147.232.000

159.811.000

162.437.000

a15

Renumeration of board members

0

 

 

 

a16

Social security expenses and health insurance

43.489.000

49.702.000

53.877.000

54.779.000

a17

Other social expenses

3.005.000

3.456.000

4.222.000

4.401.000

a18

Taxes and fees

737.000

611.000

506.000

677.000

a19

Depreciations of intangible and tangible assets

18.618.000

19.630.000

18.491.000

21.955.000

a20

Revenues from disposals of fixed assets and materials

21.642.000

16.118.000

15.703.000

11.101.000

a21

Revenues from disposals of fixed assets

1.361.000

422.000

1.644.000

107.000

a22

Revenues from disposals of materials

20.281.000

15.696.000

14.059.000

10.994.000

a23

Net book value of disposed fixed assets and materials

18.749.000

12.846.000

12.024.000

10.177.000

a24

Net book value of sold fixed assets

1.255.000

327.000

2.229.000

279.000

a25

Net book value of sold material

17.494.000

12.519.000

9.795.000

9.898.000

a26

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

1.752.000

2.980.000

2.926.000

1.101.000

a27

Other operating revenues

5.891.000

4.670.000

3.084.000

3.625.000

a28

Other operating expenses

3.429.000

4.974.000

2.964.000

5.773.000

a29

Transfer of operating revenues

0

 

 

 

a30

Transfer of operating expenses

0

 

 

 

a31

Operating profit / loss

70.714.000

78.060.000

106.348.000

128.029.000

a32

Revenues from sales of securities and ownership interests

0

 

 

 

a33

Sold securities and ownership interests

0

 

 

 

a34

Revenues from long-term financial assets

0

0

 

 

a35

Revenues from shares in controlled and managed organizations and in accounting units with substantial influence

0

 

 

 

a36

Revenues from others securities and ownership interests

0

 

 

 

a37

Revenues from other long-term financial assets

0

 

 

 

a38

Revenues from short-term financial assets

0

 

 

 

a39

Expenses associated with financial assets

0

 

 

 

a40

Revenues from revaluation of securities and derivatives

0

 

 

 

a41

Cost of revaluation of securities and derivatives

0

 

 

 

a42

Change in financial reserves and adjustments ( + / - )

0

 

 

 

a43

Interest revenues

393.000

194.000

174.000

352.000

a44

Interest expenses

459.000

115.000

50.000

0

a45

Other financial revenues

7.788.000

11.290.000

3.873.000

31.607.000

a46

Other financial expenses

16.899.000

2.842.000

8.862.000

8.977.000

a47

Transfer of financial revenues

0

 

 

 

a48

Transfer of financial expenses

0

 

 

 

a49

Profit / loss from financial operations ( transactions )

-9.177.000

8.527.000

-4.865.000

22.981.000

a50

Income tax on ordinary income

15.049.000

17.249.000

18.646.000

29.349.000

a51

Due tax

11.362.000

16.205.000

19.246.000

27.990.000

a52

Tax deferred

3.687.000

1.044.000

-600.000

1.359.000

a53

Operating profit / loss ordinary activity

46.488.000

69.338.000

82.837.000

121.661.000

a54

Extraordinary revenues

0

 

 

 

a55

Extraordinary expenses

0

 

 

 

a56

Income tax on extraordinary income

0

0

 

 

a57

Due tax

0

 

 

 

a58

Tax deferred

0

 

 

 

a59

Operating profit / loss extraordinary activity

0

0

0

0

a60

Transfer profit ( loss ) to partners (+/-)

0

 

 

 

a61

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

46.488.000

69.338.000

82.837.000

121.661.000

a62

Profit / loss before tax (+/-)

61.537.000

86.588.000

101.483.000

151.010.000

Operating cash flow

 

 

66.907.000

40.602.000

Investment cash flow

 

 

-36.872.000

-41.300.000

Financial cash flow

 

 

-6.811.000

-5.869.000

Receivables after due date total

 

18.960.000

8.125.000

 

Receivables more than 180 days after due date

 

422.000

585.000

 

Liabilities after due date total

 

6.077.000

803.000

 

Liabilities more than 180 days after due date

 

188.000

58.000

 

      

 

ratio

                                                                                                              

 

Balance indices

 

31.12.2010

31.12.2011

31.12.2012

31.12.2013

Return on total assets ROA (in %)

a62/r1 * 100

13,49

16,11

16,21

20,00

Return on equity ROE (in %)

a62/r68 * 100

17,91

21,21

20,93

25,15

Return on sales ROS (in %)

a62/a1 * 100

7,66

9,85

10,16

14,58

Turnover of receivables (in days)

r49/a1 * 365

52,82

49,64

39,58

58,01

Turnover of liabilities (in days)

r103/a1 * 365

30,31

33,99

31,25

33,16

Turnover of inventories (days)

r32/a1 * 365

45,52

50,79

42,41

50,21

Net working capital (in ths. CZK)

r31 - r102 - r116 - r117

220.167,00

238.651,00

296.280,00

391.198,00

Ratio of accounts payable to accounts receivable (in %)

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

182,07

170,92

201,39

246,52

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

r3 / a1 * 100

17,64

21,09

20,76

21,89

Current ratio

r31 / (r102+r116+r117)

3,35

3,16

3,53

4,04

Quick ratio

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

2,28

2,05

2,54

2,93

Cash ratio

r58 / (r102+r116+r117)

0,38

0,27

0,46

0,36

Debt ratio I (in %)

(1-r68/r67) * 100

24,68

24,03

22,57

20,46

Debt ratio II (in %)

r85/r67 * 100

23,70

23,61

22,09

19,88

 

 

 


 

FOREIGN EXCHANGE RATES

 

Currency

Unit

Indian Rupees

US Dollar

1

Rs.61.16

UK Pound

1

Rs.98.62

Euro

1

Rs.77.67

 

INFORMATION DETAILS

 

Analysis Done by :

RAS

 

 

Report Prepared by :

NIS

 

               

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.