|
Report No. : |
305775 |
|
Report Date : |
05.02.2015 |
IDENTIFICATION DETAILS
|
Name : |
EURO GAS SYSTEMS S.R.L. |
|
|
|
|
Registered Office : |
Str. Evreilor Martiri nr. 4, Targu Mures, 540545, Jud. Mures |
|
|
|
|
Country : |
Romania |
|
|
|
|
Financials (as on) : |
31.12.2013 |
|
|
|
|
Date of Incorporation : |
22.02.2010 |
|
|
|
|
Com. Reg. No.: |
J26/121/2010 |
|
|
|
|
Legal Form : |
Private Limited Company |
|
|
|
|
Line of Business : |
·
Engaged as
Packager of Natural Gas Compressors. ·
Subject offer
Packaged Gas Compressors and Packaging Services for OEMs and Costumers Owning
Existing Compressors and/or drivers Subject Product ranges includes
:- ·
Packaged Gas Compressors ·
Packaging Services ·
Steel Fabrication · Re-packaging of existing equipment |
|
|
|
|
No of Employees : |
74 (31.12.2013) |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Status : |
Satisfactory |
|
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 – December 31, 2014
|
Country Name |
Previous Rating (30.09.2014) |
Current Rating (31.12.2014) |
|
Romania |
B1 |
B1 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
|
Moderate |
B1 |
|
High |
B2 |
|
Very High |
C1 |
|
Restricted |
C2 |
|
Off-credit |
D |
Romania ECONOMIC OVERVIEW
Romania, which joined the EU
on 1 January 2007, began the transition from Communism in 1989 with a largely
obsolete industrial base and a pattern of output unsuited to the country's
needs. The country emerged in 2000 from a punishing three-year recession due to
strong demand in EU export markets. Domestic consumption and investment fueled
strong GDP growth, but led to large current account imbalances. Romania's
macroeconomic gains have only recently started to spur creation of a middle
class and to address Romania's widespread poverty. Corruption and red tape
continue to permeate the business environment. As a result of the global
financial crisis, Romania signed on to a $26 billion emergency assistance
package from the IMF, the EU, and other international lenders. GDP contracted
from 2009 to 2011. In March 2011, Romania and the IMF/EU/World Bank signed a
24-month precautionary stand-by agreement, worth $6.6 billion, to promote
fiscal discipline, encourage progress on structural reforms, and strengthen
financial sector stability. In September 2013, the Romanian authorities and the
IMF/EU agreed to a follow-on stand-by agreement, worth $5.4 billion, to
continue with reforms, although Bucharest announced that it does not intend to
draw funds under the agreement. Economic growth accelerated in 2013, driven by
strong industrial exports and an excellent agricultural harvest; in December
2013 inflation dropped to a historical low annual rate of 1.6%; and the current
account deficit was reduced substantially. Yet, progress on structural reforms
is uneven and the economy still is vulnerable to shocks.
|
Source : CIA |
EURO GAS SYSTEMS
S.R.L.
Str. Evreilor Martiri nr. 4, Targu Mures, 540545, Jud. Mures
Tel +40 365
882416
Fax +40 365
882421
|
Legal Form |
Private Limited
Company |
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Foundation |
22.02.2010 |
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Trade Register |
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Capital |
RON 10,000.00 |
||||||||||||||||
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|
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Associates |
|
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Principals |
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|
Generalities |
·
Engaged as
Packager of Natural Gas Compressors. ·
Subject offer
Packaged Gas Compressors and Packaging Services for OEMs and Costumers Owning
Existing Compressors and/or drivers Product Details ·
Packaged Gas Compressors ·
Packaging Services ·
Steel Fabrication Re-packaging
of existing equipment Legal office and
working spaces at the above mentioned address. Working Points: -
Sampaul, Str.Mures Industrial Park, No. 1c, Jud.Mures |
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|
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|
Real estate |
According to the
Balance Sheet of 31.12.2013 date the company holds real estates with a book
value of 10.975.377,00 RON, but we do not have any other details on the type
and location of these assets. |
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|
|
||||||||||||||||
|
Employees |
|
||||||||||||||||
|
|
|
||||||||||||||||
|
Annual turnover |
|
|
Assets |
Figures in RON
per |
31.12.2011 |
31.12.2012 |
31.12.2013 |
|
|
Incorporation
expenses |
N/A |
0.0 |
0.0 |
|
|
Development
expenses |
N/A |
0.0 |
0.0 |
|
|
Concession rights,
patents, licences, trademarks, similar rights and assets and other intangible
fixed assets |
N/A |
186,069.0 |
79,021.0 |
|
|
Goodwill |
N/A |
0.0 |
0.0 |
|
|
Down payments
and intangible fixed assets in progress |
N/A |
0.0 |
0.0 |
|
|
TOTAL INTANGIBLE
FIXED ASSETS |
115,723.0 |
186,069.0 |
79,021.0 |
|
|
Land and
buildings |
N/A |
9,754,417.0 |
9,609,184.0 |
|
|
Technical
installations and machines |
N/A |
7,211,556.0 |
7,259,622.0 |
|
|
Other
installations, machinery and furniture |
N/A |
246,519.0 |
257,705.0 |
|
|
Down payments
and tangible fixed assets in progress |
N/A |
156,939.0 |
2,053,660.0 |
|
|
TOTAL TANGIBLE
FIXED ASSETS |
2,966,386.0 |
17,369,431.0 |
19,180,171.0 |
|
|
Shares in
subsidiaries |
N/A |
0.0 |
0.0 |
|
|
Loans given to
subsidiaries |
N/A |
0.0 |
0.0 |
|
|
Participating
interests |
N/A |
0.0 |
0.0 |
|
|
Loans given to
associates |
N/A |
0.0 |
0.0 |
|
|
Other long term
investments |
N/A |
0.0 |
0.0 |
|
|
Other loans |
N/A |
12,708.0 |
18,894.0 |
|
|
TOTAL CAPITAL
ASSETS |
950.0 |
12,708.0 |
18,894.0 |
|
|
NON CURRENT
ASSETS - TOTAL |
3,083,059.0 |
17,568,208.0 |
19,278,086.0 |
|
|
Raw materials
and consumables |
N/A |
7,889,141.0 |
4,062,960.0 |
|
|
Work in progress
|
N/A |
28,789,506.0 |
2,770,994.0 |
|
|
Finished goods |
N/A |
0.0 |
560,312.0 |
|
|
Down payments on
inventory purchases |
N/A |
2,987,329.0 |
388,224.0 |
|
|
TOTAL
INVENTORIES |
1,596,689.0 |
39,665,976.0 |
7,782,490.0 |
|
|
Trade
receivables |
N/A |
1,502,412.0 |
6,571,877.0 |
|
|
Receivables from
subsidiaries |
N/A |
0.0 |
0.0 |
|
|
Receivables from
entities in respect of participating interests |
N/A |
0.0 |
0.0 |
|
|
Other
receivables |
N/A |
3,541,349.0 |
234,020.0 |
|
|
Unpaid
subscribed capital |
N/A |
0.0 |
0.0 |
|
|
TOTAL
RECEIVABLES |
1,047,563.0 |
6,745,256.0 |
6,805,897.0 |
|
|
Shares in
subsidiaries |
N/A |
0.0 |
0.0 |
|
|
Other short-term
investments |
N/A |
1,701,495.0 |
184,330.0 |
|
|
TOTAL SHORT-TERM
INVESTMENTS |
0.0 |
1,701,495.0 |
184,330.0 |
|
|
PETTY CASH AND
BANK ACCOUNTS |
7,297,072.0 |
7,710,732.0 |
2,836,235.0 |
|
|
CURRENT ASSETS -
TOTAL |
9,941,324.0 |
54,121,964.0 |
17,608,952.0 |
|
|
PREPAID EXPENSES
|
51,885.0 |
12,880.0 |
16,325.0 |
|
|
TOTAL ASSETS |
13,076,268.0 |
71,703,052.0 |
36,903,363.0 |
|
Liabilities |
Figures in RON
per |
31.12.2011 |
31.12.2012 |
31.12.2013 |
|
|
Debenture loans |
N/A |
0.0 |
0.0 |
|
|
Amounts payable
to credit entities |
N/A |
0.0 |
0.0 |
|
|
Down payments
received on orders in progress |
N/A |
40,152,476.0 |
7,680,499.0 |
|
|
Commercial debts
- suppliers |
N/A |
3,300,835.0 |
687,403.0 |
|
|
Commercial bills
due |
N/A |
0.0 |
0.0 |
|
|
Amounts payable
to subsidiaries |
N/A |
0.0 |
0.0 |
|
|
Amounts payable to
associates in respect of participating interests |
N/A |
0.0 |
0.0 |
|
|
Other debts,
including fiscal debts and amounts payable to social security |
N/A |
19,875,031.0 |
5,847,890.0 |
|
|
TOTAL SHORT-TERM
DEBTS |
9,192,794.0 |
63,328,342.0 |
14,215,792.0 |
|
|
NET CURRENT
ASSETS/NET CURRENT DEBTS |
800,415.0 |
-9,193,498.0 |
3,409,485.0 |
|
|
TOTAL ASSETS
MINUS CURRENT DEBTS |
3,883,474.0 |
8,374,710.0 |
22,687,571.0 |
|
|
Debenture loans |
N/A |
0.0 |
0.0 |
|
|
Amounts payable to
credit entities |
N/A |
0.0 |
0.0 |
|
|
Down payments
received on orders in progress |
N/A |
0.0 |
0.0 |
|
|
Commercial debts
- suppliers |
N/A |
0.0 |
0.0 |
|
|
Commercial bills
due |
N/A |
0.0 |
0.0 |
|
|
Amounts payable
to subsidiaries |
N/A |
0.0 |
0.0 |
|
|
Amounts payable
to associates in respect of participating interests |
N/A |
0.0 |
0.0 |
|
|
Other debts,
including fiscal debts and amounts payable to social security |
N/A |
6,250,418.0 |
13,732,868.0 |
|
|
TOTAL LONG-TERM
DEBTS |
6,251,310.0 |
6,250,418.0 |
13,732,868.0 |
|
|
Provisions for
pensions and other similar obligations |
N/A |
0.0 |
0.0 |
|
|
Provisions for
taxes |
N/A |
0.0 |
0.0 |
|
|
Other provisions
|
N/A |
0.0 |
909,838.0 |
|
|
TOTAL DEBTS |
15,444,104.0 |
69,578,760.0 |
27,948,660.0 |
|
|
TOTAL PROVISIONS
|
60,107.0 |
0.0 |
909,838.0 |
|
|
Grants for
investments |
0.0 |
0.0 |
0.0 |
|
|
deferred income |
0.0 |
0.0 |
0.0 |
|
|
TOTAL DEFERRED
INCOME |
0.0 |
0.0 |
0.0 |
|
|
Subscribed and
paid capital |
10,000.0 |
10,000.0 |
10,000.0 |
|
|
Subscribed and
unpaid capital |
0.0 |
0.0 |
0.0 |
|
|
Assets and
liabilities (public sector companies) |
0.0 |
0.0 |
0.0 |
|
|
TOTAL SHARE
CAPITAL |
10,000.0 |
10,000.0 |
10,000.0 |
|
|
CAPITAL PREMIUM |
0.0 |
0.0 |
0.0 |
|
|
REVALUATION
RESERVES |
0.0 |
0.0 |
0.0 |
|
|
Legal reserves |
N/A |
2,000.0 |
2,000.0 |
|
|
Statutory or
contractual reserves |
N/A |
0.0 |
0.0 |
|
|
Reserves
representing the revaluation reserve surplus |
N/A |
0.0 |
0.0 |
|
|
Other reserves |
N/A |
0.0 |
0.0 |
|
|
TOTAL RESERVES |
0.0 |
2,000.0 |
2,000.0 |
|
|
Own shares |
0.0 |
0.0 |
0.0 |
|
|
Earnings
associated to own capital instruments |
0.0 |
0.0 |
0.0 |
|
|
Losses
associated to own capital instruments |
0.0 |
0.0 |
0.0 |
|
|
Reported profit
or loss (e) Balance account C |
0.0 |
0.0 |
1,937,315.0 |
|
|
Reported profit
or loss (e) Balance account D |
1,215,576.0 |
2,437,942.0 |
0.0 |
|
|
Profit or loss
as per the financial year Balance account C |
0.0 |
4,552,234.0 |
6,095,550.0 |
|
|
Profit or loss
as per the financial year Balance account D |
1,222,367.0 |
0.0 |
0.0 |
|
|
Profit
distribution |
0.0 |
2,000.0 |
0.0 |
|
|
SHAREHOLDERS'
EQUITY - TOTAL |
-2,427,943.0 |
2,124,292.0 |
8,044,865.0 |
|
|
Public patrimony |
0.0 |
0.0 |
0.0 |
|
|
EQUITY - TOTAL |
-2,427,943.0 |
2,124,292.0 |
8,044,865.0 |
|
|
TOTAL
LIABILITIES |
13,076,268.0 |
71,703,052.0 |
36,903,363.0 |
|
Notes |
Figures in RON
per |
31.12.2011 |
31.12.2012 |
31.12.2013 |
|
|
Net turnover |
3,371,816.0 |
20,239,192.0 |
58,986,683.0 |
|
|
Own work sold |
3,344,941.0 |
20,222,110.0 |
58,058,571.0 |
|
|
Income from the
sale of goods |
26,875.0 |
17,082.0 |
928,112.0 |
|
|
Income from
interests made by leasing |
0.0 |
0.0 |
0.0 |
|
|
Income from grants
related to income corresponding to net turnover |
0.0 |
0.0 |
0.0 |
|
|
-------Balance
account C |
37,583.0 |
28,745,479.0 |
0.0 |
|
|
Balance account
D |
0.0 |
0.0 |
25,450,033.0 |
|
|
Production made by
the entity for its own purposes and capitalized |
4,853.0 |
86,207.0 |
404,490.0 |
|
|
Other operating
income |
4.0 |
7,568.0 |
11,639.0 |
|
|
OPERATING INCOME
- TOTAL |
3,414,256.0 |
49,078,446.0 |
33,952,779.0 |
|
|
Expenses on raw materials
and consumables |
1,762,765.0 |
36,644,392.0 |
13,644,392.0 |
|
|
Other expenses
supplies and materials |
125,909.0 |
333,202.0 |
352,201.0 |
|
|
Other outsourced
expenses (electricity and water) |
62,571.0 |
114,577.0 |
334,907.0 |
|
|
Expenses on
goods |
24,941.0 |
6,807.0 |
917,774.0 |
|
|
Expenses on
personnel, of which: |
1,110,810.0 |
2,883,819.0 |
4,499,785.0 |
|
|
Salaries and
benefits |
877,611.0 |
2,277,757.0 |
3,551,485.0 |
|
|
Insurance and
social security costs |
233,199.0 |
606,062.0 |
948,300.0 |
|
|
Adjustments of
the value of tangible and intangible fixed assets |
494,817.0 |
875,420.0 |
2,359,648.0 |
|
|
Expenses |
494,817.0 |
875,420.0 |
2,359,648.0 |
|
|
Income |
0.0 |
0.0 |
0.0 |
|
|
Adjustments of the
value of current assets |
0.0 |
0.0 |
0.0 |
|
|
Expenses |
0.0 |
0.0 |
0.0 |
|
|
Income |
0.0 |
0.0 |
0.0 |
|
|
Other operating
costs |
1,030,543.0 |
4,653,809.0 |
4,172,163.0 |
|
|
Expenses on
third party services |
1,000,831.0 |
4,555,256.0 |
3,998,619.0 |
|
|
Expenses on
other taxes, duties and similar charges |
5,965.0 |
59,067.0 |
130,418.0 |
|
|
Expenses on
compensations, donations and assigned assets |
23,747.0 |
39,486.0 |
43,126.0 |
|
|
Expenses with refinancing
interest rates of leasing entities |
0.0 |
0.0 |
0.0 |
|
|
Adjustments of
provisions |
60,107.0 |
-60,107.0 |
909,838.0 |
|
|
Expenses |
60,107.0 |
0.0 |
909,838.0 |
|
|
income |
0.0 |
60,107.0 |
0.0 |
|
|
OPERATING
EXPENSES - TOTAL |
4,672,211.0 |
45,451,126.0 |
27,186,358.0 |
|
|
- Profit |
0.0 |
3,627,320.0 |
6,766,421.0 |
|
|
- Loss |
1,257,955.0 |
0.0 |
0.0 |
|
|
Income from
participating interests, of which: |
0.0 |
0.0 |
0.0 |
|
|
income obtained
from subsidiaries |
0.0 |
0.0 |
0.0 |
|
|
Income from
other financial investments and loans which are part of intangible fixed
assets (acc. 763), of which: |
0.0 |
0.0 |
0.0 |
|
|
income obtained
from subsidiaries |
0.0 |
0.0 |
0.0 |
|
|
Income from
interest rates, of which: |
1,307.0 |
12,839.0 |
18,771.0 |
|
|
income obtained
from subsidiaries |
0.0 |
0.0 |
0.0 |
|
|
Other financial
income |
509,438.0 |
5,902,807.0 |
4,138,045.0 |
|
|
FINANCIAL INCOME
- TOTAL |
510,745.0 |
5,915,646.0 |
4,156,816.0 |
|
|
Value adjustments
in respect of capital assets and investments as current assets |
0.0 |
0.0 |
0.0 |
|
|
Expenses |
0.0 |
0.0 |
0.0 |
|
|
income |
0.0 |
0.0 |
0.0 |
|
|
Interest
expenses |
29,046.0 |
59,796.0 |
340,755.0 |
|
|
of which, expenses
in respect of subsidiaries |
0.0 |
0.0 |
0.0 |
|
|
Other financial
expenses |
446,111.0 |
4,490,136.0 |
3,128,584.0 |
|
|
FINANCIAL
EXPENSES - TOTAL |
475,157.0 |
4,549,932.0 |
3,469,339.0 |
|
|
- Financial profit |
35,588.0 |
1,365,714.0 |
687,477.0 |
|
|
- Financial loss |
0.0 |
0.0 |
0.0 |
|
|
- Current profit |
0.0 |
4,993,034.0 |
7,453,898.0 |
|
|
- Current loss |
1,222,367.0 |
0.0 |
0.0 |
|
|
Extraordinary
income |
0.0 |
0.0 |
0.0 |
|
|
Extraordinary
expenses |
0.0 |
0.0 |
0.0 |
|
|
- Extraordinary profit |
0.0 |
0.0 |
0.0 |
|
|
- Extraordinary loss |
0.0 |
0.0 |
0.0 |
|
|
TOTAL INCOME |
3,925,001.0 |
54,994,092.0 |
38,109,595.0 |
|
|
TOTAL EXPENSES |
5,147,368.0 |
50,001,058.0 |
30,655,697.0 |
|
|
- Gross profit |
-1,222,367.0 |
4,993,034.0 |
7,453,898.0 |
|
|
- Gross loss |
1,222,367.0 |
0.0 |
0.0 |
|
|
Income tax |
0.0 |
440,800.0 |
1,358,348.0 |
|
|
Other taxes
which are not recorded above |
0.0 |
0.0 |
0.0 |
|
|
- Net profit |
0.0 |
4,552,234.0 |
6,095,550.0 |
|
|
- Net loss |
1,222,367.0 |
0.0 |
0.0 |
|
|
Net result |
-1,222,367.0 |
4,552,234.0 |
6,095,550.0 |
|
Additional
information |
Figures in RON
per |
31.12.2011 |
31.12.2012 |
31.12.2013 |
|
|
Outstanding
payments-total, of which: - TOTAL |
0.0 |
286.0 |
13,732,868.0 |
|
|
Accounts payable
outstanding- total, of which: - TOTAL |
0.0 |
286.0 |
0.0 |
|
|
over 30 days -
TOTAL |
N/A |
0.0 |
0.0 |
|
|
over 90 days -
TOTAL |
N/A |
286.0 |
0.0 |
|
|
over 1 year -
TOTAL |
N/A |
0.0 |
0.0 |
|
|
Outstanding
payments to social security- total, of which: - TOTAL |
0.0 |
0.0 |
0.0 |
|
|
contributions to
social security payable by employers, employees and other assimilated
entities - TOTAL |
0.0 |
0.0 |
0.0 |
|
|
contributions to
the social health insurance fund - TOTAL |
0.0 |
0.0 |
0.0 |
|
|
contribution to
the additional state pension system - TOTAL |
0.0 |
0.0 |
0.0 |
|
|
contributions to
the unemployment fund - TOTAL |
0.0 |
0.0 |
0.0 |
|
|
other social
liabilities - TOTAL |
0.0 |
0.0 |
0.0 |
|
|
Payments due to
special funds and other funds - TOTAL |
0.0 |
0.0 |
0.0 |
|
|
Payments due to
other creditors - TOTAL |
0.0 |
0.0 |
13,732,868.0 |
|
|
Taxes and fees
unpaid to the public budget on the date due - TOTAL |
0.0 |
0.0 |
0.0 |
|
|
Taxes and fees
unpaid to the local budget on the date due - TOTAL |
0.0 |
0.0 |
0.0 |
|
|
Bank credits
which were not reimbursed on the date due - total, of which: - TOTAL |
0.0 |
0.0 |
0.0 |
|
|
back payments after 30 days - TOTAL |
N/A |
0.0 |
0.0 |
|
|
back payments
after 90 days - TOTAL |
N/A |
0.0 |
0.0 |
|
|
back payments
after 1 year - TOTAL |
N/A |
0.0 |
0.0 |
|
|
Past due
interest - TOTAL |
0.0 |
0.0 |
0.0 |
|
|
Average number
of employees |
20 |
49 |
74 |
|
Specific
tangible fixed assets |
Figures in RON
per |
31.12.2011 |
31.12.2012 |
31.12.2013 |
|
|
Lands |
0.0 |
204,262.0 |
204,262.0 |
|
|
Buildings |
1,275,392.0 |
10,012,483.0 |
10,771,115.0 |
|
|
Technical
installations and machines |
2,155,970.0 |
8,015,623.0 |
9,288,552.0 |
|
|
|
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|
Banks |
Unicredit Tiriac Bank, Targu Mures |
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|
|
|
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|
|
The subject is
registered in the Electronic Archive for Secured Transactions, as having
credits at: - Unicredit Tiriac Bank, Targu Mures These credits
are guaranteed with cash-flow. |
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|
|
|
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|
Payment behavior |
Slow but Correct
|
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|
|
|
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|
|
According to the
information registered at the Ministry of Finance, the company has no overdue
debts to the State budget as of 30.09.2014. There are no
related to the subject at the Payment Incidents Bureau (CIP) in the period
02.02.2008 - 02.02.2015. |
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|
|
|
||||||||||||||
|
|
The subject
company is not registered with legal proceedings opened against it, according
to Court Portal. There are no related
to the subject company at the Insolvency Proceedings Bulletin. There are no
records related to the subject company in our debt collection department. |
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|
|
|
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|
Solvency |
Business
connections appear permissible |
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|
|
|
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|
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|
|
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|
Exchange rate |
|
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|
|
|
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|
About |
This report
belongs only to the addressee. The report contains
commercial and financial information obtained from official sources and from
the subject. Any responsibility for the above-mentioned information or for
the minor mistakes that may arise in this report is declined. The addressee
may process and use the information only for the purpose this report was
ordered and must comply with the above-mentioned conditions. |
||||||||||||||
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.61.68 |
|
UK Pound |
1 |
Rs.93.53 |
|
Euro |
1 |
Rs.70.75 |
INFORMATION DETAILS
|
Analysis Done by
: |
SUB |
|
|
|
|
Report Prepared
by : |
MNL |
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.