MIRA INFORM REPORT
|
Report No. : |
315377 |
|
Report Date : |
04.04.2015 |
IDENTIFICATION DETAILS
|
Name : |
VENTILEX B.V. |
|
|
|
|
Registered Office : |
Europaweg 8 8181BH Heerde |
|
|
|
|
Country : |
Netherlands |
|
|
|
|
Financials (as on) : |
30.06.2014 |
|
|
|
|
Date of Incorporation : |
16.12.1985 |
|
|
|
|
Com. Reg. No.: |
08043003 |
|
|
|
|
Legal Form : |
Private Company |
|
|
|
|
Line of Business : |
Manufacture of machinery for food, beverage and tobacco processing
(2893) |
|
|
|
|
No. of Employee : |
76 |
RATING & COMMENTS
|
MIRA’s Rating : |
Ca |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
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 |
|
Status : |
Moderate |
|
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 31, 2014
|
Country Name |
Previous Rating (30.09.2014) |
Current Rating (31.12.2014) |
|
Netherlands |
A1 |
A1 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
|
Moderate |
B1 |
|
High |
B2 |
|
Very High |
C1 |
|
Restricted |
C2 |
|
Off-credit |
D |
NETHERLAND ECONOMIC OVERVIEW
Netherlands is the sixth-largest economy in the euro-zone and
is noted for its stable industrial relations, moderate unemployment and
inflation, sizable trade surplus, and important role as a European
transportation hub. Industrial activity is predominantly in food processing,
chemicals, petroleum refining, and electrical machinery. A highly mechanized
agricultural sector employs only 2% of the labor force but provides large
surpluses for the food-processing industry and for exports. Netherlands, along
with 11 of its EU partners, began circulating the euro currency on 1 January
2002. The Dutch financial sector suffered as a result of the global financial
crisis, due in part to the high exposure of some Dutch banks to US
mortgage-backed securities. In 2008, the government nationalized two banks and
injected billions of dollars of capital into other financial institutions, to
prevent further deterioration of a crucial sector. After 26 years of
uninterrupted economic growth, the Dutch economy - highly dependent on an
international financial sector and international trade - contracted by 3.5% in
2009. To recover, the government sought to boost the domestic economy by
accelerating infrastructure programs, offering corporate tax breaks for
employers to retain workers, and expanding export credit facilities. The
stimulus programs and bank bailouts, however, resulted in a government budget
deficit of 5.3% of GDP in 2010 that contrasted sharply with a surplus of 0.7%
in 2008. The government of Prime Minister Mark RUTTE began implementing
austerity measures in early 2011, mainly reducting expenditures, which resulted
in an improved budget deficit in 2011. However, in 2012 tax revenues dropped,
GDP contracted, and the budget deficit deteriorated. In 2013, the government
budget deficit decreased to 3.3% of GDP due to increased government revenue
from higher taxes. However, spending on social benefits also increased, due to
a rise in unemployment benefits and payments for pensions. The high
unemployment rate and tax increases have contributed to continued decreases in
household disposable income, causing the Dutch economy to contract.
|
Source
: CIA |
Summary
|
Company name |
VENTILEX B.V. |
|
Operative address |
Europaweg 8 8181BH Heerde
Netherlands |
|
Status |
Active |
Legal form Private Company
Registration number 08043003
VAT-number 008044144
Year 2014
Mutation 2013 Mutation
2012
Fixed assets 1.091.000.000
-21,35 1.387.100.000
-9,75 1.537.000.000
Total receivables 738.000.000
-48,97 1.446.100.000 -25,32
1.936.300.000
Total equity -17.000.000
-105,58 304.600.000 -44,30
546.900.000
Short term liabilities 2.774.000.000
59,97 1.734.100.000
-43,80 3.085.500.000
Net result -302.000.000
56,65
-696.600.000 -207,82 -226.300.000
Working capital
-763.000.000 -573,62 161.100.000 123,55 -684.100.000
Quick ratio 0,55
-45,00 1,00 33,33 0,75
Contact
information
Company name Ventilex B.V.
Trade names Ventilex B.V.
Imtech Dry Genic
Imtech DryGenic
Imtech Ventilex
Operative address Europaweg 8
8181BH Heerde
Netherlands
Correspondence address Postbus 158
8180AD Heerde
Netherlands
Telephone number 0578698200
Fax number 0578698282
Email address info@ventilex.nl
Website www.ventilex.com
Registration
Registration number 08043003
Branch number 000016619323
VAT-number 008044144
Status Active
First registration company register 1986-01-08
Memorandum 1985-12-16
Establishment date 1985-12-16
Legal form Private Company
Last proposed admendment 2014-09-03
Issued placed capital EUR 45.400
Paid up share capital EUR 45.400
Activities
SBI Manufacture of
machinery for food, beverage and tobacco processing (2893)
Exporter No
Importer No
Goal Fabricage, ontwerpen
en monteren van installaties op het gebied van milieu, alsmede de
handel in
aanverwante artikelen, brandstoffen, oliën en vetten.
Relations
Shareholders Imtech
Benelux Group B.V.
Kampenringweg 45a
2803PE Gouda
Netherlands
Registration number:
596991240000
Percentage: 100%
Branches Ventilex
B.V.
Oude Middenweg 19
2491AC
'S-GRAVENHAGE
Netherlands
Registration
number: 080430030001
Companies on same address Ventilex Filtertechnologie B.V.
Registration
number: 080735860000
Personeelsvereniging Ventilex
Registration number: 082181830000
Liability statements Royal
Imtech N.V.
Kampenringweg 45a
2803PE Gouda
Netherlands
Registration number: 241148560000
date of issue: 2011-01-28
Starting date: 2009-01-01
Management
Active management
Imtech Nederland B.V.
Oude Middenweg 11
2491AC 's-Gravenhage
Netherlands
Registration number: 271554510000
Competence: Fully authorized
Function: Manager
Starting date: 2013-11-22
R.J. Willems (Richard Johannes)
Netherlands
Competence: Limited authorization
Function: Managing Director
Starting date: 2014-01-17
Date of birth: 1965-05-25, Apeldoorn, NL
Involved with the following companies
·
Imtech Trecom B.V.
Hogeweg 182
3815LZ Amersfoort
Netherlands
Registration number: 320723730000
Function: Managing
Director
·
Imtech Industry international B.V.
Modem 30
7741MJ Coevorden
Netherlands
Registration number: 040287080000
Function: Managing Director
·
Imtech Nederland B.V.
Oude Middenweg 11
2491AC 's-Gravenhage
Netherlands
Registration number: 271554510000
Function: Managing
Director
·
R. Enkt (Raymond)
Netherlands
Competence: Limited authorization
Function: Managing Director
Starting date: 2014-01-17
Date of birth: 1972-04-19, Enschede, NL
Involved with the following companies
o
Imtech Trecom B.V.
Hogeweg 182
3815LZ Amersfoort
Netherlands
Registration number: 320723730000
Function: Managing Director
o
Imtech Industry international B.V.
Modem 30
7741MJ Coevorden
Netherlands
Registration number: 040287080000
Function: Managing Director
K.J.J. Egberts (Koenraad Josephus Johannes)
Netherlands
Competence: Limited authorization
Function: Proxy
Starting date: 2006-01-01
Date of birth: 1964-01-31, Bunnik, NL
E. Boschman - Eulink (Evert)
Netherlands
Competence: Limited authorization
Function: Proxy
Starting date: 2011-04-01
Date of birth: 1978-09-14, Oldebroek, NL
Employees
|
Total
according to the Chamber of Commerce |
76 |
|
|
|
|
Year |
|
2015 |
2014 |
2008 |
|
Total |
|
76 |
76 |
75 |
Key
Figures
|
Year |
2014 |
2013 |
2012 |
2011 |
2010 |
||||||||||
|
Quick ratio |
0,55 |
1,00 |
0,75 |
1,20 |
1,21 |
||||||||||
|
Current ratio |
0,72 |
1,09 |
0,78 |
1,24 |
1,27 |
||||||||||
|
|
|||||||||||||||
|
Working capital/ balance
total |
-0,25 |
0,05 |
-0,17 |
0,12 |
0,13 |
||||||||||
|
Equity / balance total |
-0,01 |
0,09 |
0,14 |
0,25 |
0,27 |
||||||||||
|
Equity / Fixed assets |
-0,02 |
0,22 |
0,36 |
0,65 |
0,69 |
||||||||||
|
Equity / liabilities |
-0,01 |
0,10 |
0,16 |
0,33 |
0,36 |
||||||||||
|
Balance total / liabilities |
0,99 |
1,11 |
1,16 |
1,33 |
1,37 |
||||||||||
|
Working capital |
-763,000,000 |
161,100,000 |
-684,100,000 |
440,400,000 |
398,000,000 |
||||||||||
|
Equity |
-17.000.000 |
304.600.000 |
546.900.000 |
926.100.000 |
812.400.000 |
||||||||||
|
Mutation equity |
-105,58 |
-44,30 |
-40,95 |
14,00 |
63,12 |
||||||||||
|
Mutation short term
liabilities |
59,97 |
-43,80 |
65,92 |
26,24 |
-3,31 |
||||||||||
|
|
|||||||||||||||
|
Return on total assets (ROA) |
-7,83 |
-16,85 |
-5,03 |
5,69 |
6,24 |
||||||||||
|
Return on equity (ROE) |
1.429,41 |
-181,62 |
-36,24 |
22,85 |
23,39 |
||||||||||
|
Gross profit margin |
-6,31 |
|
|
|
|
||||||||||
|
Net profit margin |
-15,62 |
|
|
|
|
||||||||||
|
|
|||||||||||||||
|
Average collection ratio |
0,70 |
|
|
|
|
||||||||||
|
Average payment ratio |
2,62 |
|
|
|
|
||||||||||
|
Equity turnover ratio |
-113,71 |
|
|
|
|
||||||||||
|
Total assets turnover ratio |
0,62 |
|
|
|
|
||||||||||
|
Fixed assets turnover ratio |
1,77 |
|
|
|
|
||||||||||
|
Inventory conversion ratio |
3,88 |
|
|
|
|
||||||||||
|
|
|||||||||||||||
|
Turnover |
1.933.000.000 |
|
|
|
|
||||||||||
|
Operating
result |
-122.000.000 |
-442.500.000 |
-135.200.000 |
263.660.000 |
234.200.000 |
||||||||||
|
Net result after taxes -302.000.000 -696.600.000 -226.300.000 154.101.000 140.400.000 |
-302.000.000 |
-696.600.000 |
-226.300.000 |
154.101.000 |
140.400.000 |
||||||||||
|
Cashflow |
|
|
|
|
196.800.000 |
||||||||||
|
Gross profit |
1.933.000.000 |
|
|
|
4.480.900.000 |
||||||||||
|
EBIT |
-122.000.000 |
-442.500.000 |
-135.200.000 |
263.660.000 |
234.200.000 |
||||||||||
|
EBITDA |
|
|
|
|
290.600.000 |
||||||||||
Summary The
2014 financial result structure is a negative working captial of -763.000.000
euro, which is in agreement with -25 % of the total assets of the company.
The working capital has diminished with -573.62
% compared to previous year. The ratio, with respect to the total assets of the
company has however, declined.
The deterioration between 2013 and 2014 has
mainly been caused by an increase of the current liabilities.
The current ratio of the company in 2014 was
0.72. When the current ratio is below 1.5, the company may have problems
meeting its short-term obligations.
The quick ratio in 2014 of the company was
0.55. A company with a Quick Ratio of less than 1 cannot currently pay back its
current liabilities.
The 2013 financial result structure is a
postive working captial of 161.100.000 euro, which is in agreement with 5 % of
the total assets of the company.
The working capital has increased with
123.55 % compared to previous year. The ratio, with respect to the total assets
of the company has however, increased.
The improvement between 2012 and 2013 has
mainly been caused by an increase of the current assets.
The current ratio of the company in 2013 was
1.09. When the current ratio is below 1.5, the company may have problems
meeting its short-term obligations.
The quick ratio in 2013 of the company was
1. A company with a Quick Ratio of more than 1 can currently pay back its
current liabilities.
Financial
statement
Last annual account 2014
Remark annual
account The financial
statements shown in the report relate to the consolidated financial statements
of the group.
Type of annual account Consolidated
Annual account Royal
Imtech N.V.
Kampenringweg 45a
2803PE Gouda
Netherlands
Registration number: 241148560000
|
Year |
2014 |
2013 |
2012 |
2011 |
2010 |
|
End date |
2014-06-30 |
2013-12-31 |
2012-12-31 |
2011-12-31 |
2010-12-31 |
|
Intangible
fixed assets |
99.000.000 |
1.181.800.000 |
1.299.700.000 |
1.187.500.000 |
989.400.000 |
|
Other
tangible fixed assets |
|
|
|
|
154.400.000 |
|
Tangible
fixed assets |
936.000.000 |
161.000.000 |
170.800.000 |
192.400.000 |
154.400.000 |
|
Other financial
fixed assets |
|
|
|
|
2.100.000 |
|
Financial
fixed assets |
56.000.000 |
44.300.000 |
66.500.000 |
38.600.000 |
31.300.000 |
|
Year |
2014 |
2013 |
2012 |
2011 |
2010 |
|
End date |
2014-06-30 |
2013-12-31 |
2012-12-31 |
2011-12-31 |
2010-12-31 |
|
Fixed
assets |
1.091.000.000 |
1.387.100.000 |
1.537.000.000 |
1.418.500.000 |
1.175.100.000 |
|
|
|||||
|
Other stock |
|
|
|
|
82.600.000 |
|
Total
stock |
498.000.000 |
152.700.000 |
80.000.000 |
75.500.000 |
82.600.000 |
|
Accounts
receivable |
605.000.000 |
859.300.000 |
1.128.600.000 |
1.308.900.000 |
|
|
Other
receivables |
133.000.000 |
586.800.000 |
807.700.000 |
637.500.000 |
1.678.500.000 |
|
Total
receivables |
738.000.000 |
1.446.100.000 |
1.936.300.000 |
1.946.400.000 |
1.678.500.000 |
|
Securities |
443.000.000 |
|
|
|
|
|
Liquid
funds |
332.000.000 |
296.400.000 |
385.100.000 |
278.100.000 |
110.000.000 |
|
accruals |
|
|
|
|
1.678.500.000 |
|
Current
assets |
2.011.000.000 |
1.895.200.000 |
2.401.400.000 |
2.300.000.000 |
1.871.100.000 |
|
Total
assets |
3.102.000.000 |
3.282.300.000 |
3.938.400.000 |
3.718.500.000 |
3.046.200.000 |
|
|
|||||
|
Issued
capital |
|
|
|
|
73.300.000 |
|
Share
premium reserve |
|
|
|
|
210.600.000 |
|
Other
reserves |
|
|
|
|
388.100.000 |
|
Non-distributable
profit |
|
|
|
|
140.400.000 |
|
Total
reserves |
|
|
|
|
739.100.000 |
|
Minority
interests |
|
8.700.000 |
9.700.000 |
6.300.000 |
3.500.000 |
|
Total
equity |
-17.000.000 |
304.600.000 |
546.900.000 |
926.100.000 |
812.400.000 |
|
|
|||||
|
Provisions |
59.000.000 |
120.500.000 |
89.100.000 |
77.100.000 |
3.500.000 |
|
Long term
interest yielding debt |
286.000.000 |
1.114.400.000 |
207.200.000 |
849.400.000 |
|
|
Other long
term liabilities |
|
|
|
|
753.700.000 |
|
Long
term liabilities |
286.000.000 |
1.114.400.000 |
207.200.000 |
849.400.000 |
753.700.000 |
|
Accounts
payable |
515.000.000 |
756.500.000 |
890.800.000 |
840.500.000 |
|
|
Other short
term liabilities |
2.259.000.000 |
977.600.000 |
2.194.700.000 |
1.019.100.000 |
1.473.100.000 |
|
Short
term liabilities |
2.774.000.000 |
1.734.100.000 |
3.085.500.000 |
1.859.600.000 |
1.473.100.000 |
|
Total
short and long term liabilities |
3.119.000.000 |
2.969.000.000 |
3.381.800.000 |
2.786.100.000 |
2.226.800.000 |
|
Total
liabilities |
3.102.000.000 |
3.282.300.000 |
3.938.400.000 |
3.718.500.000 |
3.046.200.000 |
Summary The
total assets of the company decreased with -5.49 % between 2013 and 2014.
This downturn is mainly retrievable in the fixed
asset decrease of -21.35 %.
The asset reduction results in an equity
decrease of -105.58 %. Despite the decrease, the indebtness increased with 5.05
%.
In 2014 the assets of the company were 35.17
% composed of fixed assets and 64.83 % by current assets. The assets are being
financed by an equity of -0.55 %, and total debt of 100.55 %.
The total assets of the company decreased
with -16.66 % between 2012 and 2013.
This total assets decrease has been
reflected in a reduction of non current assets of -9.75 %.
Assets reduction is explained by a Net Worth
decrease of -44.3 %, and an indebtedness
reduction of -12.21 %.
In 2013 the assets of the company were 42.26
% composed of fixed assets and 57.74 % by current assets. The assets are being
financed by an equity of 9.28 %, and total debt of 90.72%.
|
Year |
2014 |
2013 |
2012 |
2011 |
2010 |
|
Revenues |
1.952.000.000 |
4.944.900.000 |
5.432.900.000 |
5.113.800.000 |
4.480.900.000 |
|
Other
operating income |
19.000.000 |
|
|
|
|
|
Net
turnover |
1.933.000.000 |
|
|||
|
|
|||||
|
Wages and
salaries |
|
|
|
|
1.306.500.000 |
|
Amorization
and depreciation |
|
|
|
|
56.400.000 |
|
other
operating costs |
|
|
|
|
338.600.000 |
|
Production
costs |
|
|
|
|
1.026.300.000 |
|
Raw
materials and consumables |
|
|
|
|
1.517.800.000 |
|
Operating
expenses |
2.074.000.000 |
5.387.400.000 |
5.568.100.000 |
4.850.140.000 |
4.246.700.000 |
|
Result in
subsidiaries |
|
-5.701.000 |
2.900.000 |
|
700.000 |
|
Operating
result |
-122.000.000 |
-442.500.000 |
-135.200.000 |
263.660.000 |
234.200.000 |
|
|
|||||
|
Financial
income |
|
20.200.000 |
18.200.000 |
14.800.000 |
11.100.000 |
|
Financial
expenses |
121.000.000 |
125.200.000 |
84.100.000 |
66.800.000 |
56.000.000 |
|
Financial
result |
-121.000.000 |
-105.000.000 |
-65.900.000 |
-52.000.000 |
-44.900.000 |
|
Result
on ordinary operations before taxes |
-243.000.000 |
-553.201.000 |
-198.200.000 |
211.660.000 |
190.000.000 |
|
|
|||||
|
Taxation on
the result of ordinary activities |
-11.000.000 |
-20.401.000 |
4.800.000 |
53.299.000 |
48.300.000 |
|
Result
of ordinary activities after taxes |
-232.000.000 |
-532.800.000 |
-203.000.000 |
158.361.000 |
141.700.000 |
|
|
|||||
|
Extraordinary
expense |
|
106.800.000 |
23.300.000 |
4.260.000 |
|
|
Taxation extraordinary result |
|
57.000.000 |
|
|
|
|
Extraordinary result after taxation |
|
-163.800.000 |
-23.300.000 |
-4.260.000 |
|
|
Net result |
-302.000.000 |
-696.600.000 |
-226.300.000 |
154.101.000 |
140.400.000 |
|
Attributable to third parties |
70.000.000 |
|
|
|
-1.300.000 |
Summary The
operating result of the company grew with 72.43 % between 2013 and 2014. This
evolution implies an increase of the company's economic profitability.
The result of
these changes is an increase of the company's Economic Profitability of 53.53%
of the analysed period, being equal to 2013 % in the year 2014.
The Net Result of
the company decreased by 56.65 % between 2013 and 2014.
The company's
Financial Profitability has been positively affected by the financial
activities in comparison to the EBITs behaviour. The result of these variations
is a profitability increase of 887.03 % of the analysed period, being 1429.41 %
in the year 2014.
The company's
financial structure has slowed down its financial profitability.
The operating
result of the company declined with -227.29 % between 2012 and 2013. This
evolution implies an decrease of the company's economic profitability.
The result of
these changes is a reduction of the company's Economic Profitability of -234.99
% of the analysed period, being equal to 2012 % in the year 2013.
The Net Result of
the company increased by -207.82 % between 2012 and 2013.
The company's
Financial Profitability has been negatively affected by the financial
activities in comparison to the EBITs behaviour. The result of these variations
is a profitability reduction of -401.16 % of the analysed period, being -181.62
% in the year 2013.
The company's financial profitability has been positively affected by
its financial structure.
Analysis
Branch (SBI) Manufacture of machinery and equipment n.e.c. (28)
Region Veluwe
In the Netherlands
4630 of the companies are registered with the SBI code 28
In the region
Veluwe 238 of the companies are registered with the SBI code 28
In the Netherlands
136 of the bankrupcties are published within this sector
In the region
Veluwe 8 of the bankruptcies are published within this sector
The risk of this
specific sector in the Netherlands is normal
The risk of this
specific sector in the region Veluwe is normal
Publications
Consent statements 24-04-2014: Voor boekjaar 2013 is een instemmingsverklaring
gedeponeerd.
27-06-2013: Voor
boekjaar 2012 is een instemmingsverklaring gedeponeerd.
27-04-2012: Voor
boekjaar 2011 is een instemmingsverklaring gedeponeerd.
26-04-2012: Voor
boekjaar 2009 is een instemmingsverklaring gedeponeerd.
26-04-2011: Voor
boekjaar 2010 is een instemmingsverklaring gedeponeerd.
Functions 09-01-2015:
Per 01-12-2014 is gevolmachtigde Eric Schouten uit functie getreden.
25-09-2014: Per 01-06-2014
is gevolmachtigde Steven Hendrik ter Burg uit functie getreden.
18-02-2014: Per
17-01-2014 is gevolmachtigde Eric Schouten in functie getreden.
18-02-2014: Per
17-01-2014 is gevolmachtigde Raymond Enkt in functie getreden.
18-02-2014: Per
17-01-2014 is gevolmachtigde Richard Johannes Willems in functie
getreden.
18-02-2014: Per
17-01-2014 is gevolmachtigde Rien Pepping uit functie getreden.
05-12-2013: Per
22-11-2013 is bestuurder 27155451 Imtech Nederland B.V. in functie
getreden.
05-12-2013: Per
22-11-2013 is bestuurder 29046001 Imtech B.V. uit functie getreden.
30-08-2013: Per
26-08-2013 is gevolmachtigde Jannes Hendrikus Slettenhaar uit functie
getreden.
30-10-2012: Per
01-10-2012 is gevolmachtigde Jannes Hendrikus Slettenhaar in functie
getreden.
30-10-2012: Per
01-10-2012 is gevolmachtigde George Richardus Maria Batenburg uit
functie getreden.
23-03-2012: Per
10-02-2012 is gevolmachtigde Hendrik Jan Vels uit functie getreden.
23-03-2012: Per
01-03-2012 is gevolmachtigde Steven Hendrik ter Burg in functie getreden.
24-02-2012: Per
01-02-2012 is gevolmachtigde Rien Pepping in functie getreden.
24-02-2012: Per
15-01-2012 is gevolmachtigde Anton Johannes Franciscus Jacobus Kersten
uit functie
getreden.
29-04-2011: Per
01-04-2011 is gevolmachtigde Anton Johannes Franciscus Jacobus Kersten
in functie
getreden.
29-04-2011: Per
01-04-2011 is gevolmachtigde Evert Boschman in functie getreden.
29-04-2011: Per
01-04-2011 is gevolmachtigde George Richardus Maria Batenburg in functie
getreden.
Amendments 11-09-2014:
Per 3-9-2014 statuten gewijzigd.
Company
structure
Relations 63
Royal Imtech N.V.
Kampenringweg 45a
2803PE Gouda
Netherlands
Registration
number: 241148560000
·
Imtech Group B.V.
Kampenringweg 45a
2803PE GOUDA
Netherlands
Registration number: 596939160000
·
Imtech Benelux Group B.V.
Kampenringweg 45a
2803PE Gouda
Netherlands
Registration number: 596991240000
·
Ventilex B.V.
Europaweg 8
8181BH Heerde
Netherlands
Registration
number: 080430030000
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.62.59 |
|
|
1 |
Rs.92.46 |
|
Euro |
1 |
Rs.67.51 |
INFORMATION DETAILS
|
Analysis Done by
: |
SUB |
|
|
|
|
Report Prepared
by : |
SDA |
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.