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Report No. : |
352611 |
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Report Date : |
07.12.2015 |
IDENTIFICATION DETAILS
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Name : |
OBSHCHESTVO S OGRANICHENNOY OTVETSTVENNOSTYU "E.T.S.
FARMA" |
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|
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Registered Office : |
Proezd Nagornyy D. 12, Kor. 1, 117105 G Moskva |
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Country : |
Russia |
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Financials (as on) : |
31.12.2014 |
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Date of Incorporation : |
24.02.2000 |
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Com. Reg. No.: |
1027700020908 |
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Legal Form : |
Limited liability companies |
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Line of Business : |
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No. of Employee : |
Not Available |
RATING & COMMENTS
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MIRA’s Rating : |
B |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
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Status : |
Moderate |
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Payment Behaviour : |
Slow but correct |
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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 – March 31, 2015
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Country Name |
Previous Rating (31.12.2014) |
Current Rating (31.03.2015) |
|
Russia |
B1 |
B1 |
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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 |
RUSSIA - ECONOMIC OVERVIEW
Russia has undergone significant changes since the collapse of the Soviet Union, moving from a globally-isolated, centrally-planned economy towards a more market-based and globally-integrated economy, but stalling as a partially reformed, statist economy with a high concentration of wealth in officials' hands. Economic reforms in the 1990s privatized most industry, with notable exceptions in the energy and defense-related sectors. The protection of property rights is still weak and the private sector remains subject to heavy state interference. Russia is one of the world's leading producers of oil and natural gas, and is also a top exporter of metals such as steel and primary aluminum. Russia's manufacturing sector is generally uncompetitive on world markets and is geared toward domestic consumption. Russia's reliance on commodity exports makes it vulnerable to boom and bust cycles that follow the volatile swings in global prices. The economy, which had averaged 7% growth during 1998-2008 as oil prices rose rapidly, was one of the hardest hit by the 2008-09 global economic crisis as oil prices plummeted and the foreign credits that Russian banks and firms relied on dried up. In 2014, economic growth declined further when Russia forcibly violated Ukraine’s sovereignty and territorial integrity, and interfered in Ukraine’s internal affairs. In the second half of 2014, the Russian ruble lost about half of its value, contributing to increased capital outflows that reached $151.5 billion for the year; the ruble remains volatile. Declining oil prices, lack of economic reforms, and the imposition of foreign sanctions have contributed to the downturn and created wide expectations the economy will continue to slump. In April 2015, the Russian Ministry of Economic Development predicted that the Russia’s economy will contract by 3% in 2015, and average only 2.5% growth through 2030.
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Source
: CIA |
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OOO "E.T.S. FARMA"
Proezd Nagornyy D. 12, Kor. 1, 117105 G Moskva
Tel: 74955029001
E-Mail: agio@agio-pharma.ru
Web: www.agio-pharma.com
|
Legal form |
Limited liability companies (OOO) |
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Established on |
24/02/2000 - Limited liability companies (OOO) |
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Registered on |
11/07/2002, Upravlenie Ministerstva Rossiyskoy Federatsii po nalogam
i sboram po g.Moskve, RegNr.: 1027700020908 |
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Registered capital |
RUB |
10 000,- |
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|
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Owner |
MEZHDUNARODNAYA KOMPANIYA ETS FARMA LIMITED |
% |
100 |
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Sole Executive Body |
Svetlana Evgenevna KHarchevnikova |
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General data |
Main activity: |
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Commercial name: |
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Full name: |
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Short name: |
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Residence address: |
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Permanent address: |
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As open sources inform, the main activity of OOO "E.T.S.
FARMA" is pharmaceutical retail. |
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Other activities |
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: |
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Agents specializing in the sale of particular products or ranges
of products n.e.c. |
(51.18.1) |
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Agents involved in the sale of a variety of goods |
(51.19) |
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Wholesale of pharmaceutical goods |
(51.46.1) |
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Other retail sale in specialized stores |
(52.48) |
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Storage and warehousing |
(63.12.4) |
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Other supporting land transport activities |
(63.21) |
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Activities of other transport agencies |
(63.40) |
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Market research and public opinion polling |
(74.13) |
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Hospital activities |
(85.11) |
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Annual turnover |
31/12/2006 |
Enterprise turnover |
RUB |
176 354 000,- |
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31/12/2007 |
Enterprise turnover |
RUB |
241 066 000,- |
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31/12/2008 |
Enterprise turnover |
RUB |
210 452 000,- |
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31/12/2009 |
Enterprise turnover |
RUB |
230 784 000,- |
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31/12/2010 |
Enterprise turnover |
RUB |
197 393 000,- |
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31/12/2011 |
Enterprise turnover |
RUB |
253 959 000,- |
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31/12/2012 |
Enterprise turnover |
RUB |
296 916 000,- |
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31/12/2013 |
Enterprise turnover |
RUB |
301 630 000,- |
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31/12/2014 |
Enterprise turnover |
RUB |
334 990 000,- |
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Remarks |
The subject has the following license: |
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A. The enclosed balance of 2012 is originated from official
source, no data available about authentication. (31.12.2012 - 1000 RUB) -
Warning! The figures stated in the balance sheet may contain error(s). |
|
balance |
A
31.12.2012 |
B
31.12.2013 |
C
31.12.2014 |
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1. ASSETS |
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I. FIXED ASSETS |
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Intangible assets |
0 |
0 |
0 |
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The results of research and development |
0 |
0 |
0 |
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Intangible research assets |
0 |
0 |
0 |
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Tangible research assets |
0 |
0 |
0 |
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Fixed assets |
115 |
107 |
2 099
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Profitable investments in tangible assets |
0 |
0 |
0 |
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Financial investments |
0 |
0 |
0 |
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Deferred tax assets |
0 |
0 |
14 141
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Other non-current assets |
0 |
0 |
0 |
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TOTAL IN SECTION I. |
115 |
107 |
16 240
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II. CURRENT ASSETS |
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|
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Inventories |
23 830
|
11 465
|
31 445
|
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VAT on acquired assets |
202 |
1 |
304 |
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Accounts receivable |
112 982
|
40 212
|
41 267
|
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Financial investments (excluding the monetary equivalent) |
0 |
0 |
0 |
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Cash and monetary equivalents |
1 689
|
891 |
42 |
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Other current assets |
166 |
197 |
352 |
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TOTAL IN SECTION II. |
138 869
|
52 766
|
73 410
|
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BALANCE |
138 984
|
52 879
|
89 650
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2. LIABILITIES |
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III. CAPITAL AND RESERVES |
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Authorized capital (share capital, charter capital, deposits
capital, partners capital) |
10 |
10 |
10 |
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Treasury stock |
0 |
0 |
0 |
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Revaluation of fixed assets |
0 |
0 |
0 |
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Additional capital (without revaluation) |
0 |
0 |
0 |
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Reserve capital |
0 |
0 |
0 |
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Retained earnings (uncovered loss) |
-39 791
|
-64 345
|
-108 698
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TOTAL IN SECTION III. |
-39 781
|
-64 335
|
-108 688
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IV. LONG-TERM LIABILITIES |
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Borrowed funds |
0 |
0 |
0 |
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Deferred tax liabilities |
0 |
0 |
5 |
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Provisions |
0 |
0 |
0 |
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Other liabilities |
0 |
0 |
0 |
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TOTAL IN SECTION IV. |
0 |
0 |
5 |
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V. SHORT-TERM LIABILITIES |
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Borrowed funds |
0 |
0 |
0 |
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Payables |
178 765
|
117 066
|
198 101
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Deferred income |
0 |
0 |
0 |
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Provisions |
0 |
142 |
232 |
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Sonstige Verbindlichkeiten |
0 |
0 |
0 |
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TOTAL IN SECTION V. |
178 765
|
117 208
|
198 333
|
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BALANCE |
138 984
|
52 873
|
89 650
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A. The enclosed profit and loss account of 2012 is originated
from official source, no data available about authentication. (31.12.2012 -
1000 RUB) |
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profit and loss account |
A
31.12.2012 |
B
31.12.2013 |
C
31.12.2014 |
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Turnover |
296 916
|
301 630
|
334 990
|
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Cost of sales |
269 873
|
265 077
|
268 732
|
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Gross profit (loss) |
27 043
|
36 553
|
66 258
|
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Selling expenses |
28 075
|
36 307
|
29 433
|
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Administrative expenses |
0 |
0 |
0 |
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Sales profit (loss) |
-1 032
|
246 |
36 825
|
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Earnings from other entities |
0 |
0 |
0 |
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Interest receivable |
0 |
0 |
0 |
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Interest payable |
0 |
0 |
0 |
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Other operating income |
61 530
|
22 125
|
33 721
|
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Other operating expenses |
50 660
|
46 925
|
120 387
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Profit (loss) before tax |
9 838
|
-24 554
|
-49 841
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Current profit tax |
0 |
2 |
8 648
|
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Permanent tax liabilities (assets) |
0 |
0 |
4 480
|
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Change in deferred tax liabilities |
0 |
0 |
5 |
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Change in deferred tax assets |
0 |
0 |
14 141
|
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Different |
810 |
0 |
0 |
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Net profit (loss) |
9 028
|
-24 552
|
-44 353
|
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Results of fixed assets revaluation, non-includedin net
profit/loss for period |
0 |
0 |
0 |
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Result of other transactions, non included in net profit/loss
for period |
0 |
0 |
0 |
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Total financial result for period |
9 028
|
-24 552
|
-44 353
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Ratios |
|
2012 |
2013 |
2014 |
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Current ratio |
0,78 |
0,45 |
0,37 |
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Quick ratio |
0,64 |
0,35 |
0,21 |
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Average Collection Period |
109 |
92,69 |
44,39 |
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Payables turnover Period |
202 |
204 |
214 |
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Debt ratio |
1,29 |
2,22 |
2,21 |
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Equity to total assets ratio |
-0,29 |
-1,22 |
-1,21 |
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Funding ratio |
-0,22 |
-0,55 |
-0,55 |
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Return on sales |
3,04 |
-8,14 |
-13,24 |
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Return on Assets |
7,49 |
-25,59 |
-62,24 |
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Return on Equity |
-20,38 |
47,16 |
51,27 |
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.66.84 |
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|
1 |
Rs.101.04 |
|
Euro |
1 |
Rs.73.05 |
|
RUB |
1 |
Rs.0.98 |
Note :
Above are approximate rates obtained from sources believed to be correct
INFORMATION DETAILS
|
Analysis Done by
: |
KAS |
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Report Prepared
by : |
TRU |
RATING EXPLANATIONS
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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 |
|
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 |
|
<10 |
C |
Absolute credit risk exists. Caution needed to be exercised |
Credit not
recommended |
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-- |
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.