|
Report No. : |
353197 |
|
Report Date : |
14.12.2015 |
IDENTIFICATION DETAILS
|
Name : |
AVANCO SPOL. S R.O. |
|
|
|
|
Registered Office : |
Boleslavova 30 čp.16 , 140 00 Praha 4 |
|
|
|
|
Country : |
Czech
Republic |
|
|
|
|
Financials (as on) : |
31.12.2014 |
|
|
|
|
Date of Incorporation : |
25.01.1994 |
|
|
|
|
Com. Reg. No.: |
C 26311 |
|
|
|
|
Legal Form : |
Private Limited Company |
|
|
|
|
Line of Business : |
· Business activity in the sphere of machinery for manufacture of textile and clothing. · Non-specialized wholesale trade |
|
|
|
|
No. of Employees : |
3 [2015] |
RATING & COMMENTS
|
MIRA’s Rating : |
B |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
|
Status : |
Moderate |
|
Payment Behaviour : |
Slow but correct |
|
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
|
Country Name |
Previous Rating (31.12.2014) |
Current Rating (31.03.2015) |
|
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 and 2013, however, the economy fell
into a recession again, due both to a slump in external demand in the EU and to
the government’s austerity measures, returning to weak growth in 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 |
AVANCO SPOL. S R.O.
Boleslavova 30 čp.16
140 00 Praha 4
Telefax: 00420/ 241 402 175
Web: www.avancocz.com
|
Company development |
Stagnant company development |
(40) |
|
Order situation |
Satisfactory order situation |
(30) |
|
Terms of payment |
no complaints |
(39) |
|
Business connection |
Business connections are not denied |
(41) |
|
|
||
|
Legal form |
Private limited company |
|
|
Foundation |
25/01/1994 - Private limited company |
|
Comp. Register |
25/01/1994, Městský soud v
Praze, RegNr.: C 26311 |
|
Share Capital |
25/01/1994 |
CZK |
100 000,- |
|
|
Shareholders |
Josef Žabokrtský (31.01.1951) |
CZK |
100 000,- |
|
|
Management |
Josef Žabokrtský (31.01.1951) |
|
General Data |
Business activity in the sphere of machinery
for manufacture of textile and clothing. |
|
|
Main activity: |
|
|
|
Trade name(s) |
|
|
|
General
contacts: |
|
|
Address: |
|
|
Nad Nuslemi 7, Praha 4-Nusle |
|
|
Táborská 31, Praha 4 |
|
|
Na okruhu 389, Praha 4 |
|
|
Staff |
2015 |
about 3 employees |
|
Annual Sales |
1994 |
actual sales |
CZK |
30 000 000,- |
|
|
|
1995 |
actual sales |
CZK |
20 000 000,- |
|
|
|
1996 |
actual sales |
CZK |
20 000 000,- |
|
|
|
2007 |
actual sales |
CZK |
23 899 000,- |
|
|
|
2008 |
actual sales |
CZK |
17 601 000,- |
|
|
|
2009 |
actual sales |
CZK |
10 272 000,- |
|
|
|
2010 |
actual sales |
CZK |
9 301 000,- |
|
|
|
2011 |
actual sales |
CZK |
5 088 000,- |
|
|
|
2012 |
actual sales |
CZK |
4 343 000,- |
|
|
|
2013 |
actual sales |
CZK |
1 445 000,- |
|
|
|
2014 |
actual sales |
CZK |
4 022 000,- |
|
|
Property |
none |
||||
|
Balance sheets |
The enclosed profit/loss account of 2014
from business register, -. (31.12.2014 - 1 CZK) |
|
|
The enclosed balance of 2014 from business register, -. (31.12.2014 -
1 CZK) |
|
Remarks |
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. |
|
|
It was not possible to find actual contact to the company. |
|
Bankers |
Československá obchodní banka, a. s. |
(0300) |
|
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. |
|
|
|
|
|
Financials
statements
|
||
|
|
BALANCE |
31.12.2011 (CZK) |
31.12.2012 (CZK) |
31.12.2013 (CZK) |
31.12.2014 (CZK) |
|
r1 |
TOTAL ASSETS |
1 872 000 |
1 969 000 |
1 659 000 |
994 000 |
|
r2 |
Receivables for subscriptions |
200 000 |
200 000 |
200 000 |
0 |
|
r3 |
Fixed assets |
0 |
0 |
0 |
0 |
|
r4 |
Intangible fixed assets |
0 |
|
|
0 |
|
r5 |
Incorporation expenses |
0 |
|
|
0 |
|
r6 |
Research and development |
0 |
|
|
0 |
|
r7 |
Software |
0 |
|
|
0 |
|
r8 |
Valuable rights |
0 |
|
|
0 |
|
r9 |
Goodwill |
0 |
|
|
0 |
|
r10 |
Other intangible fixed assets |
0 |
|
|
0 |
|
r11 |
Intangible fixed assets under construction |
0 |
|
|
0 |
|
r12 |
Advance payments for intangible fixed assets |
0 |
|
|
0 |
|
r13 |
Tangible fixed assets |
0 |
0 |
0 |
0 |
|
r14 |
Lands |
0 |
|
|
0 |
|
r15 |
Constructions |
0 |
|
|
0 |
|
r16 |
Equipment |
0 |
0 |
0 |
0 |
|
r17 |
Perennial corps |
0 |
|
|
0 |
|
r18 |
Breeding and draught animals |
0 |
|
|
0 |
|
r19 |
Other tangible fixed assets |
0 |
|
|
0 |
|
r20 |
Tangible fixed assets under construction |
0 |
|
|
0 |
|
r21 |
Advance payments for tangible fixed assets |
0 |
|
|
0 |
|
r22 |
Adjustment to acquired assets |
0 |
|
|
0 |
|
r23 |
Long-term financial assets |
0 |
|
|
0 |
|
r24 |
Shares in controlled and managed organizations |
0 |
|
|
0 |
|
r25 |
Shares in accounting units with substantial influence |
0 |
|
|
0 |
|
r26 |
Other securities and shares |
0 |
|
|
0 |
|
r27 |
Loans to controlled and managed organizations and to accounting unit
with substantial influence |
0 |
|
|
0 |
|
r28 |
Other financial investments |
0 |
|
|
0 |
|
r29 |
Financial investments acquired |
0 |
|
|
0 |
|
r30 |
Advance payments for long-term financial assets |
0 |
|
|
0 |
|
r31 |
Current assets |
1 656 000 |
1 754 000 |
1 445 000 |
980 000 |
|
r32 |
Inventory |
0 |
|
|
0 |
|
r33 |
Materials |
0 |
|
|
0 |
|
r34 |
Work in progress and semi-products |
0 |
|
|
0 |
|
r35 |
Finished products |
0 |
|
|
0 |
|
r36 |
Animals |
0 |
|
|
0 |
|
r37 |
Merchandise |
0 |
|
|
0 |
|
r38 |
Advance payments for inventory |
0 |
|
|
0 |
|
r39 |
Long-term receivables |
0 |
|
|
0 |
|
r40 |
Trade receivables |
0 |
|
|
0 |
|
r41 |
Receivables from controlled and managed organizations |
0 |
|
|
0 |
|
r42 |
Receivables from accounting units with substantial influence |
0 |
|
|
0 |
|
r43 |
Receivables from partners, cooperative members and association members |
0 |
|
|
0 |
|
r44 |
Long-term deposits given |
0 |
|
|
0 |
|
r45 |
Estimated receivable |
0 |
|
|
0 |
|
r46 |
Other receivables |
0 |
|
|
0 |
|
r47 |
Deferred tax receivable |
0 |
|
|
0 |
|
r48 |
Short-term receivables |
489 000 |
515 000 |
810 000 |
858 000 |
|
r49 |
Trade receivables |
0 |
7 000 |
234 000 |
254 000 |
|
r50 |
Receivables from controlled and managed organizations |
0 |
|
|
0 |
|
r51 |
Receivables from accounting units with substantial influence |
0 |
|
|
0 |
|
r52 |
Receivables from partners, cooperative members and association members |
0 |
|
|
0 |
|
r53 |
Receivables from social security and health insurance |
0 |
|
|
0 |
|
r54 |
Due from state - tax receivable |
1 000 |
29 000 |
59 000 |
88 000 |
|
r55 |
Short-term deposits given |
488 000 |
479 000 |
517 000 |
516 000 |
|
r56 |
Estimated receivable |
0 |
|
|
0 |
|
r57 |
Other receivables |
0 |
|
|
0 |
|
r58 |
Short-term financial assets |
1 167 000 |
1 239 000 |
635 000 |
122 000 |
|
r59 |
Cash |
5 000 |
32 000 |
20 000 |
10 000 |
|
r60 |
Bank accounts |
1 162 000 |
1 207 000 |
615 000 |
112 000 |
|
r61 |
Short-term securities and ownership interests |
0 |
|
|
0 |
|
r62 |
Short-term financial assets acquired |
0 |
|
|
0 |
|
r63 |
Accruals |
16 000 |
15 000 |
14 000 |
14 000 |
|
r64 |
Deferred expenses |
16 000 |
15 000 |
14 000 |
14 000 |
|
r65 |
Complex deferred costs |
0 |
|
|
0 |
|
r66 |
Deferred income |
0 |
|
|
0 |
|
r67 |
TOTAL LIABILITIES |
1 872 000 |
1 969 000 |
1 659 000 |
994 000 |
|
r68 |
Equity |
1 067 000 |
1 248 000 |
738 000 |
329 000 |
|
r69 |
Registered capital |
100 000 |
100 000 |
100 000 |
100 000 |
|
r70 |
Registered capital |
100 000 |
100 000 |
100 000 |
100 000 |
|
r71 |
Company’s own shares and ownership interests (-) |
0 |
|
|
0 |
|
r72 |
Changes of registered capital ( +/- ) |
0 |
|
|
0 |
|
r73 |
Capital funds |
1 370 000 |
1 370 000 |
1 370 000 |
1 170 000 |
|
r74 |
Share premium |
0 |
|
|
0 |
|
r75 |
Other capital funds |
1 370 000 |
1 370 000 |
1 370 000 |
1 170 000 |
|
r76 |
Differences from revaluation of assets and liabilities ( +/- ) |
0 |
|
|
0 |
|
r77 |
Differences from revaluation in transformation ( +/- ) |
0 |
|
|
0 |
|
r78 |
Reserve funds, statutory reserve account for cooperatives, and other retained
earnings |
0 |
|
|
0 |
|
r79 |
Legal reserve fund / indivisible fund |
0 |
|
|
0 |
|
r80 |
Statutory and other funds |
0 |
|
|
0 |
|
r81 |
Profit / loss - previous years |
-780 000 |
-403 000 |
-221 000 |
-732 000 |
|
r82 |
Retained earnings from previous years |
0 |
|
|
0 |
|
r83 |
Accumulated losses from previous years |
-780 000 |
-403 000 |
-221 000 |
-732 000 |
|
r84 |
Profit / loss - current year (+/-) |
377 000 |
181 000 |
-511 000 |
-208 000 |
|
r85 |
Liabilities |
803 000 |
721 000 |
921 000 |
664 000 |
|
r86 |
Reserves |
0 |
|
|
0 |
|
r87 |
Reserves under special statutory regulations |
0 |
|
|
0 |
|
r88 |
Reserves for pension and similar payables |
0 |
|
|
0 |
|
r89 |
Income tax reserves |
0 |
|
|
0 |
|
r90 |
Other reserves |
0 |
|
|
0 |
|
r91 |
Long-term payables |
0 |
|
|
0 |
|
r92 |
Trade payables |
0 |
|
|
0 |
|
r93 |
Payables to controlled and managed organizations |
0 |
|
|
0 |
|
r94 |
Payables to accounting units with substantial influence |
0 |
|
|
0 |
|
r95 |
Payables from partners, cooperative members and association members |
0 |
|
|
0 |
|
r96 |
Long-term advances received |
0 |
|
|
0 |
|
r97 |
Issues bonds |
0 |
|
|
0 |
|
r98 |
Long-term notes payables |
0 |
|
|
0 |
|
r99 |
Estimated payables |
0 |
|
|
0 |
|
r100 |
Other payables |
0 |
|
|
0 |
|
r101 |
Deferred tax liability |
0 |
|
|
0 |
|
r102 |
Short-term payables |
803 000 |
721 000 |
921 000 |
664 000 |
|
r103 |
Trade payables |
386 000 |
365 000 |
284 000 |
293 000 |
|
r104 |
Payables to controlled and managed organizations |
0 |
|
|
0 |
|
r105 |
Payables to accounting units with substantial influence |
0 |
|
|
0 |
|
r106 |
Payables from partners, cooperative members and association members |
0 |
|
|
0 |
|
r107 |
Payroll |
26 000 |
33 000 |
33 000 |
33 000 |
|
r108 |
Payables to social securities and health insurance |
16 000 |
16 000 |
16 000 |
16 000 |
|
r109 |
Due from state - tax liabilities and subsidies |
78 000 |
18 000 |
6 000 |
6 000 |
|
r110 |
Short-term deposits received |
297 000 |
289 000 |
582 000 |
316 000 |
|
r111 |
Issues bonds |
0 |
|
|
0 |
|
r112 |
Estimated payables |
0 |
|
|
0 |
|
r113 |
Other payables |
0 |
|
|
0 |
|
r114 |
Bank loans and financial accommodations |
0 |
|
|
0 |
|
r115 |
Long-term bank loans |
0 |
|
|
0 |
|
r116 |
Short-term bank loans |
0 |
|
|
0 |
|
r117 |
Short-term accommodations |
0 |
|
|
0 |
|
r118 |
Accruals |
2 000 |
0 |
|
1 000 |
|
r119 |
Accrued expenses |
2 000 |
0 |
|
1 000 |
|
r120 |
Deferred revenues |
0 |
|
|
0 |
|
|
|
|
|
|
|
|
|
PROFIT/LOSS ACCOUNT |
31.12.2011 (CZK) |
31.12.2012 (CZK) |
31.12.2013 (CZK) |
31.12.2014 (CZK) |
|
a1 |
Turnover |
5 088 000 |
4 343 000 |
1 445 000 |
4 022 000 |
|
a2 |
Revenues from sold goods |
3 045 000 |
2 526 000 |
469 000 |
3 137 000 |
|
a3 |
Expenses on sold goods |
2 612 000 |
2 176 000 |
736 000 |
2 781 000 |
|
a4 |
Sale margin |
433 000 |
350 000 |
-267 000 |
356 000 |
|
a5 |
Production |
2 043 000 |
1 817 000 |
976 000 |
885 000 |
|
a6 |
Revenues from own products and services |
2 043 000 |
1 817 000 |
976 000 |
885 000 |
|
a7 |
Change in inventory of own products |
0 |
|
|
0 |
|
a8 |
Capitalization |
0 |
|
|
0 |
|
a9 |
Production consumption |
1 410 000 |
1 290 000 |
567 000 |
693 000 |
|
a10 |
Consumption of material and energy |
83 000 |
47 000 |
52 000 |
50 000 |
|
a11 |
Services |
1 327 000 |
1 243 000 |
515 000 |
643 000 |
|
a12 |
Added value |
1 066 000 |
877 000 |
142 000 |
548 000 |
|
a13 |
Personnel expenses |
563 000 |
570 000 |
660 000 |
663 000 |
|
a14 |
Wages and salaries |
420 000 |
427 000 |
517 000 |
519 000 |
|
a15 |
Renumeration of board members |
0 |
|
|
0 |
|
a16 |
Social security expenses and health insurance |
143 000 |
143 000 |
143 000 |
144 000 |
|
a17 |
Other social expenses |
0 |
|
|
0 |
|
a18 |
Taxes and fees |
5 000 |
3 000 |
4 000 |
4 000 |
|
a19 |
Depreciations of intangible and tangible assets |
0 |
|
|
0 |
|
a20 |
Revenues from disposals of fixed assets and materials |
24 000 |
|
|
0 |
|
a21 |
Revenues from disposals of fixed assets |
24 000 |
|
|
0 |
|
a22 |
Revenues from disposals of materials |
0 |
|
|
0 |
|
a23 |
Net book value of disposed fixed assets and materials |
0 |
|
|
0 |
|
a24 |
Net book value of sold fixed assets |
0 |
|
|
0 |
|
a25 |
Net book value of sold material |
0 |
|
|
0 |
|
a26 |
Change in operating reserves and adjustments and complex deferred
costs ( + / - ) |
0 |
|
|
47 000 |
|
a27 |
Other operating revenues |
0 |
|
|
0 |
|
a28 |
Other operating expenses |
2 000 |
2 000 |
3 000 |
2 000 |
|
a29 |
Transfer of operating revenues |
0 |
|
|
0 |
|
a30 |
Transfer of operating expenses |
0 |
|
|
0 |
|
a31 |
Operating profit / loss |
520 000 |
302 000 |
-525 000 |
-168 000 |
|
a32 |
Revenues from sales of securities and ownership interests |
0 |
|
|
0 |
|
a33 |
Sold securities and ownership interests |
0 |
|
|
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 |
|
|
0 |
|
a36 |
Revenues from others securities and ownership interests |
0 |
|
|
0 |
|
a37 |
Revenues from other long-term financial assets |
0 |
|
|
0 |
|
a38 |
Revenues from short-term financial assets |
0 |
|
|
0 |
|
a39 |
Expenses associated with financial assets |
0 |
|
|
0 |
|
a40 |
Revenues from revaluation of securities and derivatives |
0 |
|
|
0 |
|
a41 |
Cost of revaluation of securities and derivatives |
0 |
|
|
0 |
|
a42 |
Change in financial reserves and adjustments ( + / - ) |
0 |
|
|
0 |
|
a43 |
Interest revenues |
0 |
|
1 000 |
0 |
|
a44 |
Interest expenses |
0 |
|
|
0 |
|
a45 |
Other financial revenues |
86 000 |
70 000 |
105 000 |
41 000 |
|
a46 |
Other financial expenses |
182 000 |
44 000 |
91 000 |
81 000 |
|
a47 |
Transfer of financial revenues |
0 |
|
|
0 |
|
a48 |
Transfer of financial expenses |
0 |
|
|
0 |
|
a49 |
Profit / loss from financial operations ( transactions ) |
-96 000 |
-74 000 |
15 000 |
-40 000 |
|
a50 |
Income tax on ordinary income |
42 000 |
46 000 |
0 |
0 |
|
a51 |
Due tax |
42 000 |
46 000 |
0 |
0 |
|
a52 |
Tax deferred |
0 |
|
|
0 |
|
a53 |
Operating profit / loss ordinary activity |
382 000 |
182 000 |
-510 000 |
-208 000 |
|
a54 |
Extraordinary revenues |
0 |
|
|
0 |
|
a55 |
Extraordinary expenses |
5 000 |
1 000 |
1 000 |
0 |
|
a56 |
Income tax on extraordinary income |
0 |
|
|
0 |
|
a57 |
Due tax |
0 |
|
|
0 |
|
a58 |
Tax deferred |
0 |
|
|
0 |
|
a59 |
Operating profit / loss extraordinary activity |
-5 000 |
-1 000 |
-1 000 |
0 |
|
a60 |
Transfer profit ( loss ) to partners (+/-) |
0 |
|
|
0 |
|
a61 |
Profit / loss of current accounting period (+/-) |
377 000 |
181 000 |
-511 000 |
-208 000 |
|
a62 |
Profit / loss before tax (+/-) |
420 000 |
227 000 |
-511 000 |
-208 000 |
|
|
|
|
|
|
|
|
BALANCE INDICES |
|
31.12.2011 |
31.12.2012 |
31.12.2013 |
31.12.2014 |
|
Return on total assets ROA (in %) |
a62/r1 * 100 |
22,44 |
11,53 |
-30,80 |
-20,93 |
|
Return on equity ROE (in %) |
a62/r68 * 100 |
39,36 |
18,19 |
-69,24 |
-63,22 |
|
Return on sales ROS (in %) |
a62/a1 * 100 |
30,13 |
19,08 |
-129,08 |
-18,88 |
|
Turnover of receivables (in days) |
r49/a1 * 365 |
0,00 |
0,59 |
59,11 |
23,05 |
|
Turnover of liabilities (in days) |
r103/a1 * 365 |
27,69 |
30,68 |
71,74 |
26,59 |
|
Turnover of inventories (days) |
r32/a1 * 365 |
0,00 |
n/a |
n/a |
0,00 |
|
Net working capital (in ths. CZK) |
r31 - r102 - r116 - r117 |
853,00 |
1 033,00 |
524,00 |
316,00 |
|
Ratio of accounts payable to accounts receivable (in %) |
(r39+r48) / (r91+r102) * 100 |
60,90 |
n/a |
n/a |
129,22 |
|
Ratio of profit/loss to tangible assets (in%) |
r3 / a1 * 100 |
0,00 |
0,00 |
0,00 |
0,00 |
|
Current ratio |
r31 / (r102+r116+r117) |
2,06 |
n/a |
n/a |
1,48 |
|
Quick ratio |
(r58+r48) / (r102+r116+r117) |
2,06 |
2,43 |
1,57 |
1,48 |
|
Cash ratio |
r58 / (r102+r116+r117) |
1,45 |
n/a |
n/a |
0,18 |
|
Debt ratio I (in %) |
(1-r68/r67) * 100 |
43,00 |
36,62 |
55,52 |
66,90 |
|
Debt ratio II (in %) |
r85/r67 * 100 |
42,90 |
36,62 |
55,52 |
66,80 |
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.66.79 |
|
|
1 |
Rs.101.10 |
|
Euro |
1 |
Rs.73.10 |
|
CZK |
1 |
Rs.2.73 |
Note :
Above are approximate rates obtained from sources believed to be correct
INFORMATION DETAILS
|
Analysis Done by
: |
DIV |
|
|
|
|
Report Prepared
by : |
TPT |
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.