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Report Date : |
28.10.2014 |
IDENTIFICATION DETAILS
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Name : |
YUU'N MEE FINE FOODS VERTRIEBS GMBH |
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Formerly Known As : |
YUUN'N MEE FINE FOODS VERTRIEBS-GMBH |
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Registered Office : |
McDonald s Straße 4, A-2100 Korneuburg |
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Country : |
Austria |
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Financials (as on) : |
31.12.2013 |
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Date of Incorporation : |
17.01.2005 |
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Legal Form : |
Limited Liability Company |
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Line of Business : |
Wholesale and Retail Trade; Repair of Motor Vehicles. |
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No. of Employees : |
10 (Approx.) |
RATING & COMMENTS
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MIRA’s Rating : |
Ba |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
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Status : |
Satisfactory |
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Payment Behaviour : |
No Complaints |
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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
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Country Name |
Previous Rating (31.03.2014) |
Current Rating (01.06.2014) |
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Austria |
A2 |
A2 |
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Risk Category |
ECGC
Classification |
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Insignificant |
A1 |
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Low |
A2 |
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Moderate |
B1 |
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High |
B2 |
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Very High |
C1 |
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Restricted |
C2 |
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Off-credit |
D |
AUSTRIA - ECONOMIC
OVERVIEW
Austria, with its well-developed
market economy, skilled labor force, and high standard of living, is closely
tied to other EU economies, especially Germany's. Its economy features a large
service sector, a sound industrial sector, and a small, but highly developed
agricultural sector. Following several years of solid foreign demand for
Austrian exports and record employment growth, the international financial
crisis of 2008 and subsequent global economic downturn led to a sharp but brief
recession. Austrian GDP contracted 3.8% in 2009 but saw positive growth of
about 2% in 2010 and 2.7% in 2011. Growth fell to 0.6% in 2012. Unemployment
did not rise as steeply in Austria as elsewhere in Europe, partly because the
government subsidized reduced working hour schemes to allow companies to retain
employees. The 2012 unemployment rate of 4.3% was the lowest within the EU.
Stabilization measures, stimulus spending, and an income tax reform pushed the
budget deficit to 4.5% in 2010 and 2.6% in 2011, from only about 0.9% in 2008.
The international financial crisis of 2008 caused difficulties for Austria's
largest banks whose extensive operations in central, eastern, and southeastern
Europe faced large losses. The government provided bank support - including in
some instances, nationalization - to support aggregate demand and stabilize the
banking system. Austria's fiscal position compares favorably with other
euro-zone countries, but it faces external risks, such as Austrian banks'
continued exposure to Central and Eastern Europe as well as political and
economic uncertainties caused by the European sovereign debt crisis. In 2011
the government attempted to pass a constitutional amendment limiting public
debt to 60% of GDP by 2020, but it was unable to obtain sufficient support in
parliament and instead passed the measure as a simple law. In March 2012, the
Austrian parliament approved an austerity package consisting of a mix of
expenditure cuts and new revenues that will bring public finances into balance
by 2016. In 2012, the budget deficit rose to 3.1% of GDP.
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Source
: CIA |
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Company name: |
YUU'n MEE fine foods Vertriebs GmbH |
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Status: |
active company |
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Locations: |
McDonald s Straße 4, A-2100 Korneuburg |
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Phone: |
0043 (1) 2123654 |
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Fax: |
0043 (1) 2123730 |
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E-mail: |
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Internet: |
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Activities: |
Önace 47230 50% Retail sale of fish, crustaceans and molluscs in specialised
stores |
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Önace 46380 50% Wholesale of other food, including fish, crustaceans
and molluscs |
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General Assessment: |
Model: Company Score |
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Probability of Default (Basel II): |
0,23% Low risk |
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Recommendation: |
In respect to solvency reasons, there is nothing to say against an
establishment of a business relationship. |
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Detail Assessment: |
Merchandise is mainly imported. Domestic obligations are settled
within net agreements. |
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Company's solvency is average. An increasing amount of external
capital is required for investments. |
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Year of incorporation: |
2005 |
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Activities: |
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Type of company: |
Wholesale and retail trade; repair of motor vehicles |
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Legal form: |
limited liability company since 2005-01-17 |
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companies' house number: |
FN 261614 b Korneuburg 2005-05-13 |
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Trade names: |
Best Seafood |
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ARA-number: |
15233 |
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VAT number: |
ATU 61787579 |
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number - Austrian National Bank: |
6916376 |
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Import |
Country |
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Import |
Thailand |
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2014 |
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Import |
European Union |
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2014 |
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Total turnover (total sales) |
2013 |
EUR 5.600.000,00 |
(estimated) |
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Total turnover (total sales) |
2012 |
EUR 5.600.000,00 |
(estimated) |
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Total turnover (total sales) |
2011 |
EUR 5.600.000,00 |
(approx.) |
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Total turnover (total sales) |
2010 |
EUR 5.600.000,00 |
(approx.) |
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Total turnover (total sales) |
2009 |
EUR 5.600.000,00 |
(approx.) |
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Total employees |
2014 |
10 |
(approx.) |
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White collar workers |
2014 |
10 |
(approx.) |
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Total company vehicles |
2014 |
4 |
(approx.) |
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Leasing vehicles |
2014 |
4 |
(approx.) |
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Cars |
2014 |
4 |
(approx.) |
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firm (style): |
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2 YUU'n MEE fine foods
Vertriebs-GmbH |
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legal form: |
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1 Gesellschaft mit
beschränkter Haftung |
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registered office: |
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15 politischer Gemeinde
Korneuburg |
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business adress: |
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15 McDonald's Straße 4 |
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capital: |
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1 EUR 35.000 |
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reference date
annual accounts: |
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1 31. Dezember |
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annual accounts: |
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14 zum 31.12.2012
eingereicht am 30.09.2013 |
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power of
representation: |
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12 Jeder Geschäftsführer
ist selbständig vertretungsbefugt. |
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managing
director: |
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A Mag. Robert Herman, geb.
12.11.1967 |
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shareholder: |
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A Mag. Robert Herman, geb.
12.11.1967 |
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general table: |
|
Landesgericht Wiener Neustadt |
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Real estate
text: |
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No real estate property registered |
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Surname |
Date of birth |
Address |
Executive positions |
Further executive positions (as registered
in the companies' house) |
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Mag. Robert Herman |
1967-11-12 |
3400 Klosterneuburg Käferkreuzgasse 84 |
manager, partner |
4 |
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2012-12-31 |
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Intangible assets |
9.194,68 |
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Sum intangible assets |
9.194,68 |
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Tangible assets |
53.155,12 |
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Sum tangible assets |
53.155,12 |
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Sum fixed assets |
62.349,80 |
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Stocks |
1.205.262,35 |
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Sum stock |
1.205.262,35 |
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Claims and other assets |
1.570.295,63 |
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Sum claims |
1.570.295,63 |
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Cash on hand, cheques and bank deposits |
113.795,70 |
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Sum cash and bank |
113.795,70 |
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Sum current assets |
2.889.353,68 |
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Deferred charges |
12.618,16 |
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Sum deferred charges |
12.618,16 |
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Assets |
2.964.321,64 |
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Subscribed/declared capital |
35.000,00 |
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Balance sheet profit/balance sheet loss |
727.508,49 |
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Thereof profit/loss carried forward |
560.784,01 |
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Sum equity capital |
762.508,49 |
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Other reserves before taxes |
1.127,69 |
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Sum reserves before taxes |
1.127,69 |
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Reserves |
136.434,25 |
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Sum reserves |
136.434,25 |
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Liabilities |
2.064.251,21 |
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Sum liabilities |
2.064.251,21 |
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Liabilities |
2.964.321,64 |
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Balance sheet sum |
2.964.321,64 |
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2012 |
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Equity capital share |
25,76 |
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Fixed assets coverage |
1.224,76 |
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Type |
Locations |
Description |
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E-mail |
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operational |
McDonald's Straße 4, A-2100 Korneuburg |
registered office |
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operational |
McDonald s Straße 4, A-2100 Korneuburg |
registered headquarters |
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office@yuu-n-mee.at |
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former |
Robert Reiterstraße 12/3, A-2540 Bad Vöslau |
registered office |
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former |
Neutorgasse 13/5, A-1010 Wien |
registered headquarters |
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former |
Neutorgasse 13/5/3, A-1010 Wien |
registered office |
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former |
Praterstraße 38/1/2.1/3, A-1020 Wien |
registered office |
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former |
Praterstraße 38, A-1020 Wien |
registered headquarters |
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former |
Robert Reiterstraße 12/3, A-2540 Bad Vöslau |
registered headquarters |
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Company name |
Postal code |
Stake in % |
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Companies House |
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Shares in this company are held by: |
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UNION FROZEN PRODUCTS C., LTD |
Wichianchodokroad 1259, TH-74000 Samutsakorn |
50 % 2005-05-13 |
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Mag. Robert Herman |
Käferkreuzgasse 84, A-3400 Klosterneuburg |
50 % 2005-05-13 |
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Affiliated companies and further
participations: |
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KERSCHBAUMER - HERMAN OG |
Käferkreuzgasse 84, A-3400 Klosterneuburg |
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FN 212185 m |
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JUMP ON Food Konzeptentwicklung GmbH |
McDonald's Strasse 4, A-2100 Korneuburg |
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FN 257164 h |
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Banker |
Bank sort code |
Type of banking connection |
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Erste Bank der oesterreichischen Sparkassen AG, 1011 Wien |
20111 |
main bank connection |
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UniCredit Bank Austria AG, 1011 Wien |
12000 |
secondary banking connection |
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Bankhaus Schelhammer&Schattera Aktienges., 1011 Wien |
19190 |
secondary banking connection |
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Year of incorporation: |
2005 |
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Date of registration: |
2005-05-13 |
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Change of company name: |
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From |
To |
Company name |
|
|
2005-05-20 |
YUUN'n MEE fine foods Vertriebs-GmbH |
|
2005-05-20 |
|
YUU'n MEE fine foods Vertriebs GmbH |
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.61.23 |
|
|
1 |
Rs.98.53 |
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Euro |
1 |
Rs.77.75 |
INFORMATION DETAILS
|
Analysis Done by
: |
DIV |
|
|
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Report Prepared by
: |
NIT |
RATING EXPLANATIONS
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
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>86 |
Aaa |
Possesses an extremely sound financial base with the strongest
capability for timely payment of interest and principal sums |
Unlimited |
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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 |
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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 |
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41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
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26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
|
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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 |
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<10 |
C |
Absolute credit risk exists. Caution needed to be exercised |
Credit not
recommended |
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-- |
NB |
New Business |
-- |
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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.