MIRA INFORM REPORT

 

 

Report No. :

308014

Report Date :

19.02.2015

 

IDENTIFICATION DETAILS

 

Name :

D PLAST A.S.                           

 

 

Registered Office :

U Tescomy 206, 760 01 Zlín - Lužkovice                

 

 

Country :

Czech Republic

 

 

Financials (as on) :

31.12.2013

 

 

Date of Incorporation :

02.05.1991

 

 

Legal Form :

Public Limited Company

 

 

Line of Business :

Manufacture and sale of seals, of pastes, granulated material, of pipes, hoses and pressed profiles for food industry, building industry, engineering, automotive industry and consumer industry; manufacture and sale of plastic-coated sheet metals and, as well, surface treatment of metallic elements. 

 

 

No. of Employees :

130 [2015]

 

 

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)

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, however, the economy fell into a recession again, due both to a slump in external demand and to the government’s austerity measures. The country pulled out of recession in the second half of 2013, and most analysts expect modest, but steady, growth through 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

Company name & address

 

D PLAST A.S.                            

                                                                               

U Tescomy 206                          

760 01 Zlín - Lužkovice                

Telephone: 00420/ 577 610 111          

Telefax: 00420/ 577 610 170             

E-mail: info@dplast.cz                 

Web: www.dplast.cz

 

Company development

Positive business development

 

Order situation

Good course of business

 

 

Terms of payment

mostly no complaints, but occasional delays / reminders

 

Business connection

Business connections appear permissible

 

 

 

 

Company summary

 

 

Legal form

Public limited company

 

Foundation

02/05/1991 - Private limited company 
01/07/2006 - Public limited company

 

Comp. Register

02/05/1991, Krajský soud v Brně, RegNr.: C 1554
01/07/2006, Krajský soud v Brně, RegNr.: B 4677
Statistical number: 00544752
Tax number: CZ00544752

Share Capital

10/04/1995

CZK

140 000,-

 

 

 

 08/11/1995

CZK

21 913 000,-

 

 

01/07/2006

CZK

21 913 000,-

 

 

 

21 912 pc of registered shares in documentary form 
at nominal value of CZK 1 000,- 
2 pc of registered shares in documentary form, 
at nominal value of CZK 500,- 

Main Shareholder

Ing. Jiří Drag (26.06.1950)
Horní Vršava V 5363, 760 01 Zlín

%

20,45

 

 

 

Ing. Marcela Dragová (29.01.1952)
Pohádková 603, 763 14 Zlín, Štípa

%

20,45

 

Board of Directors

Ing. Jiří Drag (26.06.1950)
Horní Vršava V 5363, 760 01 Zlín 
chairman of board

 

 

Ing. Ladislav Košárek (09.09.1958)
Hořejší 5405, 760 01 Zlín

 

Ing. Marcela Dragová (29.01.1952)
Pohádková 603, 763 14 Zlín, Štípa

 

Supervisory Board

Lubomír Vinter (25.06.1958)
Jabloňová 596, 763 14 Zlín - Kostelec 
chairman of supervisory board

 

Ing. Jaroslav Šich (27.04.1951)
Obeciny 3637/XII, 760 01 Zlín

 

 

Ing. Miroslav Baleja (02.04.1953)
Potůčky 298, 763 11 Zlín, Lípa

General Data

Manufacture and sale of seals, of pastes, granulated material, of pipes, hoses and pressed profiles for food industry, building industry, engineering, automotive industry and consumer industry; manufacture and sale of plastic-coated sheet metals and, as well, surface treatment of metallic elements. 

 

 

Main activity:
Manufacture of plastic plates, sheets, tubes and profiles


(22.21)

 

Former name(s)
D PLAST,spol. s r. o.,
Beginning of validity: 02.05.1991
End of validity: 20.11.1997

 

 

D PLAST s.r.o. 
Beginning of validity: 20.11.1997
End of validity: 18.12.1997

 

D PLAST, spol. s r.o. 
Beginning of validity: 18.12.1997
End of validity: 04.02.1998

 

 

D PLAST spol. s r.o.
Beginning of validity: 04.02.1998
End of validity: 01.07.2006

 

Trade name(s)
D PLAST a.s. 
Beginning of validity: 01.07.2006

 

 

Export:
Germany
Spain
Italy

79%

 

Import:
Germany
Belgium
Slovakia

 

 

General contacts:
telephone:
00420/ 577 610 111
telefax:
00420/ 577 610 170
e-mail:
info@dplast.cz
Web:
www.dplast.cz

 

Address:
U Tescomy 206, 760 01 Zlín - Lužkovice 
Beginning of validity: 14.02.2012

 

 

Lužkovice 206, 763 11 Zlín 
Beginning of validity: 27.01.1998
End of validity: 14.02.2012

 

Zábraní 179, Zlín - Malenovice 
Beginning of validity: 10.04.1992
End of validity: 27.01.1998

 

 

J.Fučíka VIII/3985, Zlín 
Beginning of validity: 02.05.1991
End of validity: 10.04.1992

 

Factory of the business:
Stráně 460, 763 01 Zlín - Mladcová 
telephone:
00420/ 577 243 259
telefax:
00420/ 577 142 084

 

Staff

2009

96 employees

 

2010

103 employees

 

 

2011

108 employees

 

2012

121 employees

 

 

2013

128 employees

 

2014

130 employees

 

 

2015

130 employees

Annual Sales

2005

actual sales

CZK

255 048 000,-

 

 

 

2006

actual sales

CZK

319 744 000,-

 

 

2007

actual sales

CZK

407 827 000,-

 

 

 

2008

actual sales

CZK

422 907 000,-

 

 

2009

actual sales

CZK

417 197 000,-

 

 

 

2010

actual sales

CZK

468 299 000,-

 

 

2011

actual sales

CZK

534 092 000,-

 

 

 

2012

actual sales

CZK

612 479 000,-

 

 

2013

actual sales

CZK

746 972 000,-

 

 

 

2014

actual sales

CZK

810 000 000,-

 

 

The company is not registered in the Central register of executions.



 

Property

Property of the company: Business premises 
(verified in the real estate registry)
CZ-763 11 Zlín, Lužkovice, U Tescomy 206

Balance sheets

The enclosed balance of 2013 from business register, -. (31.12.2013 - 1 CZK)
The enclosed balance of 2012 company's own data, -. (31.12.2012 - 1 CZK)
The enclosed balance of 2011 from business register, -. (31.12.2011 - 1 CZK)

 

 

The enclosed profit/loss account of 2013 from business register, -. (31.12.2013 - 1 CZK)
The enclosed profit/loss account of 2012 company's own data, -. (31.12.2012 - 1 CZK)
The enclosed profit/loss account of 2011 from business register, -. (31.12.2011 - 1 CZK)

Remarks

The company is a holder of ISO 9001 certificate.


The company is a holder of TS 16949 - quality management system certificate.


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.

 

 

In March 2013, the company has sold its share in the company D PLAST-EFTEC a.s.. This one-time transaction has strongly influenced business result for the year 2013.

The company D PLAST spol. s r.o. was transformed, on 1.7.2006, from a limited liability company to joint-stock company D PLAST a.s.

Contact:
ing. Zubíček – general director, phone: 00420/ 577 610 130, 
E-mail: 00420/ 737 262 998
Martin Tomek- financial director, phone: 00420/ 577 610 141, 
Mobile phone: 00420/ 603 587 076, e-mail: martin.tomek@dplast.cz 

Other entrepreneurial interests:
Ing. Jiří Drag
- Zlíntrans a.s., IČ 26943158, member of the Board of Supervision
- D PLAST SERVIS s.r.o., IČ 29306515, associate 20,6%
- Hemmelrath Czech, s.r.o., IČ 02892375, executive
- SANEGIL, s.r.o., IČ 01542893, executive, associate 100%
- Drag Consulting s.r.o., IČ 02240599, executive, associate 100%

Ing. Marcela Dragová:
- Zlíntrans a.s., IČ 26943158, chairman of the Board of Directors
- Me Too Club, s.r.o., IČ 29301467, executive
- D PLAST SERVIS s.r.o., IČ 29306515, associate 20,6%
- Canopy Branch s.r.o., IČ 02379201, executive, associate 100% 
- Nadační fond Adopce památek, IČ 03133231, member of the Board of Administration 

Bankers

Československá obchodní banka, a. s. 
Account number: 1458937/0300

Česká spořitelna, a. s. 
Account number: 4162162/0800

Raiffeisenbank, a. s. 
Account number: 5014503234/5500
Account number: 000000-5014503242/5500

Česká spořitelna, a. s. 
Account number: 000000-0004182032/0800

Československá obchodní banka, a. s. 
Account number: 000000-0151197437/0300

(0300)

(0800)

(5500)

(0800)

(0300)

 

Copyright: Creditreform s.r.o. Praha

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

31.12.2010 (CZK)

31.12.2011 (CZK)

31.12.2012 (CZK)

31.12.2013 (CZK)

TOTAL ASSETS

415 260 000

418 462 000

523 060 000

1 504 209 000

Receivables for subscriptions

0

0

0

0

Fixed assets

226 291 000

214 308 000

229 281 000

196 468 000

Intangible fixed assets

611 000

407 000

439 000

454 000

Incorporation expenses

 

0

 

 

Research and development

 

0

 

 

Software

380 000

241 000

314 000

197 000

Valuable rights

78 000

120 000

104 000

88 000

Goodwill

 

0

 

 

Other intangible fixed assets

90 000

46 000

21 000

9 000

Intangible fixed assets under construction

63 000

0

 

160 000

Advance payments for intangible fixed assets

 

0

 

 

Tangible fixed assets

201 881 000

190 102 000

205 043 000

196 014 000

Lands

13 035 000

13 035 000

15 136 000

15 136 000

Constructions

139 085 000

133 570 000

143 068 000

137 532 000

Equipment

49 269 000

41 632 000

40 587 000

43 346 000

Perennial corps

 

0

 

 

Breeding and draught animals

 

0

 

 

Other tangible fixed assets

 

0

 

 

Tangible fixed assets under construction

470 000

0

4 040 000

 

Advance payments for tangible fixed assets

22 000

1 865 000

2 212 000

 

Adjustment to acquired assets

 

0

 

 

Long-term financial assets

23 799 000

23 799 000

23 799 000

0

Shares in controlled and managed organizations

23 799 000

23 799 000

23 799 000

 

Shares in accounting units with substantial influence

 

0

 

 

Other securities and shares

 

0

 

 

Loans to controlled and managed organizations and to accounting unit with substantial influence

 

0

 

 

Other financial investments

 

0

 

 

Financial investments acquired

 

0

 

 

Advance payments for long-term financial assets

 

0

 

 

Current assets

188 913 000

204 130 000

293 312 000

1 307 354 000

Inventory

70 191 000

111 729 000

191 624 000

157 658 000

Materials

39 293 000

55 682 000

107 392 000

74 696 000

Work in progress and semi-products

3 368 000

3 815 000

4 565 000

3 678 000

Finished products

26 432 000

51 851 000

79 519 000

79 221 000

Animals

 

0

 

 

Merchandise

1 098 000

381 000

148 000

63 000

Advance payments for inventory

 

0

 

 

Long-term receivables

3 257 000

353 000

2 224 000

0

Trade receivables

 

0

 

 

Receivables from controlled and managed organizations

 

0

 

 

Receivables from accounting units with substantial influence

 

0

 

 

Receivables from partners, cooperative members and association members

 

0

 

 

Long-term deposits given

 

0

 

 

Estimated receivable

 

0

 

 

Other receivables

3 257 000

353 000

2 224 000

 

Deferred tax receivable

 

0

 

 

Short-term receivables

108 426 000

88 364 000

96 844 000

212 893 000

Trade receivables

82 469 000

85 445 000

89 549 000

117 634 000

Receivables from controlled and managed organizations

 

0

 

 

Receivables from accounting units with substantial influence

 

0

 

 

Receivables from partners, cooperative members and association members

 

0

 

 

Receivables from social security and health insurance

 

0

 

 

Due from state - tax receivable

3 454 000

0

1 925 000

1 816 000

Short-term deposits given

273 000

1 050 000

2 707 000

987 000

Estimated receivable

1 280 000

983 000

1 355 000

1 873 000

Other receivables

20 950 000

886 000

1 308 000

90 583 000

Short-term financial assets

7 039 000

3 684 000

2 620 000

936 803 000

Cash

299 000

179 000

210 000

200 000

Bank accounts

6 740 000

3 505 000

2 410 000

936 603 000

Short-term securities and ownership interests

 

0

 

 

Short-term financial assets acquired

 

0

 

 

Accruals

56 000

24 000

467 000

387 000

Deferred expenses

56 000

24 000

467 000

387 000

Complex deferred costs

 

0

 

 

Deferred income

 

0

 

 

TOTAL LIABILITIES

415 260 000

418 462 000

523 060 000

1 504 209 000

Equity

236 780 000

246 519 000

236 733 000

1 333 991 000

Registered capital

21 913 000

21 913 000

21 913 000

21 913 000

Registered capital

21 913 000

21 913 000

21 913 000

21 913 000

Company’s own shares and ownership interests (-)

 

0

 

 

Changes of registered capital ( +/- )

 

0

 

 

Capital funds

4 649 000

353 000

2 224 000

-5 059 000

Share premium

 

0

 

 

Other capital funds

 

0

 

 

Differences from revaluation of assets and liabilities ( +/- )

4 649 000

353 000

2 224 000

-5 059 000

Differences from revaluation in transformation ( +/- )

 

0

 

 

Reserve funds, statutory reserve account for cooperatives, and other retained earnings

5 377 000

4 574 000

4 778 000

4 926 000

Legal reserve fund / indivisible fund

4 383 000

4 383 000

4 383 000

4 383 000

Statutory and other funds

994 000

191 000

395 000

543 000

Profit / loss - previous years

143 729 000

140 196 000

123 979 000

27 118 000

Retained earnings from previous years

144 771 000

140 196 000

123 979 000

27 118 000

Accumulated losses from previous years

-1 042 000

0

 

 

Profit / loss - current year (+/-)

61 112 000

79 483 000

83 839 000

1 285 093 000

Liabilities

178 480 000

171 943 000

286 327 000

170 218 000

Reserves

0

1 941 000

950 000

1 604 000

Reserves under special statutory regulations

 

226 000

950 000

1 604 000

Reserves for pension and similar payables

 

0

 

 

Income tax reserves

 

0

 

 

Other reserves

 

1 715 000

 

 

Long-term payables

2 829 000

2 009 000

8 783 000

13 534 000

Trade payables

 

0

 

 

Payables to controlled and managed organizations

 

0

 

 

Payables to accounting units with substantial influence

 

0

 

 

Payables from partners, cooperative members and association members

 

0

 

 

Long-term advances received

 

0

 

 

Issues bonds

 

0

 

 

Long-term notes payables

 

0

 

 

Estimated payables

 

0

 

 

Other payables

 

0

 

5 059 000

Deferred tax liability

2 829 000

2 009 000

8 783 000

8 475 000

Short-term payables

123 111 000

150 464 000

151 675 000

141 089 000

Trade payables

37 903 000

44 414 000

49 680 000

40 987 000

Payables to controlled and managed organizations

 

0

 

 

Payables to accounting units with substantial influence

 

0

 

 

Payables from partners, cooperative members and association members

 

0

 

 

Payroll

80 147 000

94 003 000

96 842 000

87 307 000

Payables to social securities and health insurance

1 196 000

1 261 000

1 633 000

1 520 000

Due from state - tax liabilities and subsidies

839 000

9 769 000

1 685 000

3 314 000

Short-term deposits received

70 000

56 000

199 000

1 346 000

Issues bonds

 

0

 

 

Estimated payables

2 956 000

961 000

1 636 000

6 590 000

Other payables

 

0

 

25 000

Bank loans and financial accommodations

52 540 000

17 529 000

124 919 000

13 991 000

Long-term bank loans

8 988 000

0

0

0

Short-term bank loans

43 552 000

17 529 000

124 919 000

13 991 000

Short-term accommodations

0

0

0

0

Accruals

0

0

0

0

Accrued expenses

 

0

 

 

Deferred revenues

 

0

 

 

 

 

 

 

 

 

profit/loss account

31.12.2010 (CZK)

31.12.2011 (CZK)

31.12.2012 (CZK)

31.12.2013 (CZK)

Turnover

468 299 000

534 092 000

612 479 000

746 972 000

Revenues from sold goods

49 673 000

10 071 000

1 486 000

1 016 000

Expenses on sold goods

53 203 000

10 120 000

1 224 000

716 000

Sale margin

-3 530 000

-49 000

262 000

300 000

Production

428 629 000

550 008 000

639 580 000

744 937 000

Revenues from own products and services

418 626 000

524 021 000

610 993 000

745 956 000

Change in inventory of own products

9 934 000

25 896 000

28 440 000

-1 145 000

Capitalization

69 000

91 000

147 000

126 000

Production consumption

331 168 000

434 940 000

523 693 000

615 035 000

Consumption of material and energy

312 882 000

417 137 000

499 882 000

584 775 000

Services

18 286 000

17 803 000

23 811 000

30 260 000

Added value

93 931 000

115 019 000

116 149 000

130 202 000

Personnel expenses

47 785 000

50 324 000

57 165 000

61 418 000

Wages and salaries

34 915 000

37 141 000

42 269 000

45 330 000

Renumeration of board members

 

0

 

 

Social security expenses and health insurance

11 812 000

12 520 000

14 176 000

15 258 000

Other social expenses

1 058 000

663 000

720 000

830 000

Taxes and fees

257 000

297 000

394 000

372 000

Depreciations of intangible and tangible assets

18 146 000

18 488 000

18 842 000

19 494 000

Revenues from disposals of fixed assets and materials

46 850 000

8 246 000

12 414 000

1 364 000

Revenues from disposals of fixed assets

448 000

151 000

443 000

579 000

Revenues from disposals of materials

46 402 000

8 095 000

11 971 000

785 000

Net book value of disposed fixed assets and materials

40 600 000

7 303 000

12 480 000

1 014 000

Net book value of sold fixed assets

11 000

0

197 000

224 000

Net book value of sold material

40 589 000

7 303 000

12 283 000

790 000

Change in operating reserves and adjustments and complex deferred costs ( + / - )

134 000

2 075 000

-991 000

560 000

Other operating revenues

248 000

-511 000

-968 000

-3 317 000

Other operating expenses

982 000

1 225 000

1 461 000

888 000

Transfer of operating revenues

 

0

 

 

Transfer of operating expenses

 

0

 

 

Operating profit / loss

33 125 000

43 042 000

38 244 000

44 503 000

Revenues from sales of securities and ownership interests

 

0

 

1 276 800 000

Sold securities and ownership interests

 

0

 

23 799 000

Revenues from long-term financial assets

35 000 000

45 000 000

65 000 000

0

Revenues from shares in controlled and managed organizations and in accounting units with substantial influence

35 000 000

45 000 000

65 000 000

 

Revenues from others securities and ownership interests

 

0

 

 

Revenues from other long-term financial assets

 

0

 

 

Revenues from short-term financial assets

 

0

 

 

Expenses associated with financial assets

 

0

 

 

Revenues from revaluation of securities and derivatives

 

0

 

 

Cost of revaluation of securities and derivatives

 

0

 

 

Change in financial reserves and adjustments ( + / - )

 

0

 

 

Interest revenues

8 000

28 000

33 000

16 298 000

Interest expenses

3 811 000

3 757 000

3 859 000

4 024 000

Other financial revenues

9 716 000

14 461 000

11 969 000

45 465 000

Other financial expenses

10 611 000

14 208 000

14 928 000

61 652 000

Transfer of financial revenues

 

0

 

 

Transfer of financial expenses

 

0

 

 

Profit / loss from financial operations ( transactions )

30 302 000

41 524 000

58 215 000

1 249 088 000

Income tax on ordinary income

2 315 000

5 083 000

12 620 000

8 498 000

Due tax

3 335 000

5 902 000

5 846 000

8 807 000

Tax deferred

-1 020 000

-819 000

6 774 000

-309 000

Operating profit / loss ordinary activity

61 112 000

79 483 000

83 839 000

1 285 093 000

Extraordinary revenues

 

0

 

 

Extraordinary expenses

 

0

 

 

Income tax on extraordinary income

 

0

0

 

Due tax

 

0

 

 

Tax deferred

 

0

 

 

Operating profit / loss extraordinary activity

0

0

0

0

Transfer profit ( loss ) to partners (+/-)

 

0

 

 

Profit / loss of current accounting period (+/-)

61 112 000

79 483 000

83 839 000

1 285 093 000

Profit / loss before tax (+/-)

63 427 000

84 566 000

96 459 000

1 293 591 000

Receivables more than 180 days after due date

1 148 000

1 161 000

4 463 000

968 000

Liabilities more than 180 days after due date

349 000

291 000

27 000

3 000

 

 

 

 

 

 

31.12.2010

31.12.2011

31.12.2012

31.12.2013

 

a62/r1 * 100

15,27

20,21

18,44

86,00

 

a62/r68 * 100

26,79

34,30

40,75

96,97

 

a62/a1 * 100

13,54

15,83

15,75

173,18

 

r49/a1 * 365

64,28

58,39

53,37

57,48

 

r103/a1 * 365

29,54

30,35

29,61

20,03

 

r32/a1 * 365

54,71

76,36

114,20

77,04

 

r31 - r102 - r116 - r117

22 250,00

36 137,00

16 718,00

1 152 274,00

 

(r39+r48) / (r91+r102) * 100

88,68

58,19

61,74

137,69

 

r3 / a1 * 100

48,32

40,13

37,43

26,30

 

r31 / (r102+r116+r117)

1,13

1,22

1,06

8,43

 

(r58+r48) / (r102+r116+r117)

0,69

0,55

0,36

7,41

 

r58 / (r102+r116+r117)

0,04

0,02

0,01

6,04

 

(1-r68/r67) * 100

42,98

41,09

54,74

11,32

 

r85/r67 * 100

42,98

41,09

54,74

11,32

 

 


 

FOREIGN EXCHANGE RATES

 

Currency

Unit

Indian Rupees

US Dollar

1

Rs.62.25

UK Pound

1

Rs.95.57

Euro

1

Rs.71.00

 

 

INFORMATION DETAILS

 

Analysis Done by :

SUB

 

 

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%)

 

PRIVATE & CONFIDENTIAL : This information is provided to you at your request, you having employed MIPL for such purpose. You will use the information as aid only in determining the propriety of giving credit and generally as an aid to your business and for no other purpose. You will hold the information in strict confidence, and shall not reveal it or make it known to the subject persons, firms or corporations or to any other. MIPL does not warrant the correctness of the information as you hold it free of any liability whatsoever. You will be liable to and indemnify MIPL for any loss, damage or expense, occasioned by your breach or non observance of any one, or more of these conditions

This report is issued at your request without any risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL) or its officials.