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Report No. : |
354522 |
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Report Date : |
19.12.2015 |
IDENTIFICATION DETAILS
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Name : |
GLOBEX ZENICA D.O.O. |
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Registered Office : |
Dobrovoljnih
Davalaca Krvi 4, BA 72000 Zenica |
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Country : |
Bosnia and Herzegovina |
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Financials (as on) : |
30.06.2015 |
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Date of Incorporation : |
11.05.1998 |
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Com. Reg. No.: |
43-01-0354-08 |
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Legal Form : |
Limited Liability Company |
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Line of Business : |
·
Organization of quality service for distribution of
medical supplies |
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No. of Employee : |
11 |
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 |
|
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 – March 31, 2015
|
Country Name |
Previous Rating (31.12.2014) |
Current Rating (31.03.2015) |
|
Bosnia and Herzegovina |
B2 |
B2 |
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Risk Category |
ECGC
Classification |
|
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 |
BOSNIA AND
HERZEGOVINA - ECONOMIC OVERVIEW
Bosnia has a transitional economy with limited market reforms. The economy relies heavily on the export of metals, energy, textiles and furniture as well as on remittances and foreign aid. A highly decentralized government hampers economic policy coordination and reform, while excessive bureaucracy and a segmented market discourage foreign investment. Interethnic warfare in Bosnia and Herzegovina caused production to plummet by 80% from 1992 to 1995 and unemployment to soar, but the economy made progress until 2009, when the global economic crisis caused a downturn. Foreign banks, primarily from Austria and Italy, now control most of the banking sector. The konvertibilna marka (convertible mark or BAM) - the national currency introduced in 1998 - is pegged to the euro, and confidence in the currency and the banking sector has remained stable. Bosnia's private sector is growing slowly, but foreign investment has dropped sharply since 2007. Government spending - including transfer payments - remains high, at roughly 40% of GDP, because of redundant government offices at the national, sub-national, and municipal level. High unemployment remains the most serious macroeconomic problem. Successful implementation of a value-added tax in 2006 provided a steady source of revenue for the government and helped rein in gray-market activity. National-level statistics have also improved over time but a large share of economic activity remains unofficial and unrecorded. Bosnia and Herzegovina became a full member of the Central European Free Trade Agreement in September 2007. Bosnia and Herzegovina's top economic priorities are: acceleration of integration into the EU; strengthening the fiscal system; public administration reform; World Trade Organization (WTO) membership; and securing economic growth by fostering a dynamic, competitive private sector. Flooding caused significant damage in the spring of 2014, and Bosnia will struggle to recover from it in 2015.
|
Source
: CIA |
GLOBEX ZENICA D.O.O.
Društvo
za promet i usluge GLOBEX Zenica d.o.o.
Dobrovoljnih
davalaca krvi 4, BA 72000 Zenica
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Phone |
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+387
32/200630 |
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Fax |
+387 32/200631 |
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E-Mail |
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globex@bih.net.ba |
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Web |
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www.globex.com.ba |
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Legal
form |
limited
liability company |
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Established |
1998 |
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Registered |
1998-05-11,
Cantonal court Zenica, Reg.
number: 43-01-0354-08 |
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last
court entry: 2012.02.13 |
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VAT
number: 218000740004 |
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Statistic
number: 4218000740004 |
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Establishers |
Enver
Smajić |
50,00% |
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Bosnia
& Hercegovina |
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Antonija
Smajić |
50,00% |
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Bosnia
& Hercegovina |
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Basic
capital |
KM
1.502.000,00 |
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Management |
Enver
Smajić, manager |
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Bosnia
& Hercegovina |
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Boris
Marković, member |
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Bosnia
& Hercegovina |
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Activity |
Wholesale
of pharmaceutical goods |
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Organization
of quality service for distribution of medical supplies legal
site and business premises are located at the above address Basic
activity code (according to NACE Rev.2): Wholesale
of pharmaceutical goods (46.46) |
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Staff |
2011 |
9 |
employees |
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2012 |
9 |
employees |
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2013 |
9 |
employees |
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2014 |
10 |
employees |
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2015 |
11 |
employees |
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Total
revenue |
2011 |
KM |
3.197.433 |
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2012 |
KM |
3.654.303 |
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2013 |
KM |
3.495.000 |
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2014 |
KM |
3.599.979 |
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|
01-06.2015 |
KM |
2.373.000 |
Real estate
The
company owns real estates
Book value of buildings 2015.06.30: KM 160.312,00
Information about eventual mortgage existance not
available
Insight into real estate register not possible
|
Assets |
Currency:
KM ( x 1.000 ) |
2015.06.30 |
2014.12.31 |
2013.12.31 |
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|
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FIXED
ASSETS |
306 |
314 |
179 |
|
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Intangible
assets |
6 |
2 |
3 |
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Tangible
assets |
300 |
312 |
176 |
|
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|
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|
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|
- buildings |
160 |
163 |
120 |
|
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-
plants and machinery |
138 |
149 |
55 |
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-
other tangible assets |
2 |
0 |
1 |
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Long
term financ. assets |
0 |
0 |
0 |
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Long
term receivables |
0 |
0 |
0 |
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CURRENT ASSETS |
4.066 |
3.653 |
3.620 |
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Inventories |
813 |
707 |
698 |
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Short
term receivables |
3.244 |
2.897 |
2.917 |
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Short
term financial assets |
4 |
0 |
0 |
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Cash
at bank and in hand |
5 |
49 |
5 |
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ACCRUALS |
3 |
2 |
2 |
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LOSS
OVER THE CAPITAL |
|
0 |
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TOTAL
ASSETS |
4.375 |
3.969 |
3.801 |
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|
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Currency:
KM ( x 1.000 ) |
2015.06.30 |
2014.12.31 |
2013.12.31 |
|
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EQUITY |
3.538 |
3.245 |
2.922 |
|
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Subscribed
capital |
1.502 |
1.502 |
1.502 |
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Profit
brought forward |
2.036 |
1.743 |
1.420 |
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PROVISIONS |
0 |
0 |
0 |
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LONG
TERM LIABILITIES |
0 |
0 |
0 |
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SHORT
TERM LIABILITIES |
837 |
724 |
879 |
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Credits |
200 |
200 |
286 |
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Deposits,
advances payments |
1 |
|
1 |
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To
suppliers |
574 |
477 |
526 |
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To staff |
26 |
0 |
2 |
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Taxes,
fees, etc. |
35 |
47 |
63 |
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Other
short term liabilities |
1 |
0 |
1 |
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DEFFERED
ITEMS |
0 |
0 |
0 |
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TOTAL
EQUITY AND LIABILITIES |
4.375 |
3.969 |
3.801 |
|
Profit/loss
account |
Currency:
KM ( x 1.000 ) |
2015.06.30 |
2014.12.31 |
2013.12.31 |
|
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OPERATING
REVENUES |
2.367 |
3.583 |
3.406 |
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Sales |
2.345 |
3.529 |
3.405 |
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Other
revenues |
22 |
54 |
1 |
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OPERATING
EXPENSES |
1.823 |
2.880 |
2.752 |
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Material
costs |
1.639 |
2.470 |
2.337 |
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-
raw material costs |
14 |
36 |
31 |
|
|
-
sold goods costs |
1.607 |
2.399 |
2.271 |
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-
other external costs |
18 |
35 |
35 |
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Staff
costs |
117 |
242 |
253 |
|
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Depreciation
of fixed assets |
24 |
37 |
33 |
|
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Other
operating expenses |
43 |
131 |
129 |
|
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FINANCIAL
REVENUES |
1 |
8 |
4 |
|
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FINANCIAL
EXPENSES |
4 |
7 |
12 |
|
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EXTRAORDINARY
REVENUES |
5 |
9 |
85 |
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EXTRAORDINARY
EXPENSES |
0 |
17 |
17 |
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TOTAL
REVENUES |
2.373 |
3.600 |
3.495 |
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TOTAL
EXPENSES |
1.827 |
2.904 |
2.781 |
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Profit
before taxation |
546 |
696 |
714 |
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Loss
before taxation |
0 |
0 |
0 |
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Taxation
on profit |
0 |
72 |
73 |
|
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PROFIT
OF THE PERIOD |
546 |
624 |
641 |
|
|
LOSS
OF THE PERIOD |
0 |
0 |
0 |
|
Financial
ratios |
|
2015.06.30 |
2014.12.31 |
2013.12.31 |
|
|
Financial
stability ratio |
3,1618 |
3,1783 |
3,3318 |
|
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Solvency
ratio (%) |
80,8686 |
81,7586 |
76,8745 |
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Debt
ratio (in years) |
0,7342 |
1,0953 |
1,3042 |
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Liquidity
ratio |
3,8865 |
4,0691 |
3,3242 |
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Current
ratio |
4,8578 |
5,0456 |
4,1183 |
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Total
assets turnover |
1,0848 |
0,9070 |
0,9195 |
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Inventories
turnover |
5,8376 |
5,0919 |
5,0072 |
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Collection
period (in days) |
249,0064 |
295,5285 |
308,4053 |
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Creditors
Days |
44,0597 |
48,6597 |
55,6123 |
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Inventories
bonding (in days) |
61,6688 |
70,7000 |
71,8970 |
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Profit
margin (%) |
23,0088 |
17,3333 |
18,3405 |
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Return
on total assets (%) |
24,9600 |
15,7218 |
16,8640 |
|
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Return
on equity (%) |
30,8648 |
19,2296 |
21,9370 |
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Total
revenue per employee (x 1.000) |
431,4546 |
360 |
388,3333 |
|
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Profit
per employee (x 1.000) |
99,2728 |
62,4000 |
71,2222 |
|
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Equity
per employee (x 1.000) |
321,6364 |
324,5000 |
324,6667 |
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Total
assets per employee (x 1.000) |
397,7273 |
396,9000 |
422,3333 |
|
|
Staff
costs/Turnover (%) |
4,9305 |
6,7222 |
7,2389 |
|
|
EBIT
(x 1.000) |
544 |
703 |
654 |
|
|
EBITDA
(x 1.000) |
568 |
740 |
687 |
|
|
EBIT
Margin (%) |
22,9827 |
19,6204 |
19,2014 |
|
|
EBITDA
Margin (%) |
23,9966 |
20,6531 |
20,1703 |
|
Remarks |
|
2011
profit |
KM |
|
614.335 |
|
|
|
2012
profit |
KM |
|
655.000 |
|
|
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2013
profit |
KM |
|
714.000 |
|
|
|
2014
profit |
KM |
|
696.400 |
|
|
01-06. 2015 profit |
KM |
|
546.000 |
|
Short
company name: GLOBEX Zenica d.o.o
According
to information from Central Bank in Bosnia and Hercegovina from 2015-12-09, the
company accounts are not blocked
Exchange
rate:
2010.12.31:
EUR 1 = KM 1,9558
2011.12.31:
EUR 1 = KM 1,9558
2012.12.31:
EUR 1 = KM 1,9558
2013.12.31:
EUR 1 = KM 1,9558
2014.12.31:
EUR 1 = KM 1,9558
|
Inflations
rate: |
|
|
2010: |
2,1% |
|
2011: |
3,7% |
|
2012: |
2,1% |
|
2013: -0,1% |
|
|
2014: -0,9% |
|
|
Bankers |
RAIFFEISEN
BANK d.d. BIH |
|
|
Zmaja
od Bosne bb, 71000 Sarajevo, Bosnia & Hercegovina |
|
|
1610000131140034 |
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|
INTESA
SANPAOLO BANKA d.d. BOSNA I HERCEGOVINA Obala Kulina Bana 9 A, 71000
Sarajevo, Bosnia & Hercegovina 1543001100001015 ZIRAATBANK
BH d.d. Dženetića
Čikma 2, 71000 Sarajevo, Bosnia & Hercegovina 1861610310055157 |
|
Payment
behaviour |
as
far as known, prompt |
|
Credit
opinion |
business
connections are permissible |
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.66.42 |
|
UK Pound |
1 |
Rs.99.17 |
|
Euro |
1 |
Rs.72.14 |
|
BAM |
1 |
Rs. 36.84 |
Note :
Above are approximate rates obtained from sources believed to be correct
INFORMATION DETAILS
|
Analysis Done by
: |
DIV |
|
|
|
|
Report Prepared
by : |
ASH |
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.