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Report No. : |
319517 |
|
Report Date : |
02.05.2015 |
IDENTIFICATION DETAILS
|
Name : |
VIBRACOUSTIC CZ, S.R.O. |
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|
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|
Formerly Known As : |
HEMIDRO, S.R.O. |
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|
|
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Registered Office : |
Nad Jatkami 3562, 276 01 Mělník |
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Country : |
Czech Republic |
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|
|
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Financials (as on) : |
31.12.2013 |
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Date of Incorporation : |
23.01.2001 |
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Com. Reg. No.: |
C 81597 |
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Legal Form : |
Private Limited Company |
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Line of Business : |
· Manufacture of deposition spaces of motors, gearboxes, sheaves and under chart parts for automotive industry. ·
Manufacture of other parts and accessories for
motor vehicles |
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|
|
|
No. of Employees : |
350 |
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 |
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|
|
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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 – 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 |
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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 |
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 |
VIBRACOUSTIC
CZ, S.R.O.
Nad Jatkami 3562
276 01 Mělník
Telephone: 00420/ 315 630 411
Telefax: 00420/ 315 630 460
E-mail: ladislav.pavlu@vibracoustic.com
Web: www.vibracoustic.com
|
Legal form |
Private limited company |
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Foundation |
23/01/2001 - Private limited company |
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Comp. Register |
23/01/2001, Městský soud v Praze, RegNr.:
C 81597 |
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Share Capital |
23/01/2001 |
CZK |
100 000,- |
|
|
|
03/01/2004 |
CZK |
16 100 000,- |
|
|
Shareholders |
TrelleborgVibracoustic
GmbH |
CZK |
16 100 000,- |
|
|
Management |
Ing. Petr
Pavlů (12.11.1972) |
|
|
František
Krupička (26.07.1975) |
|
|
Ing. Daniel
Stabenow (17.08.1974) |
|
|
Ing. Jiří
Krčál (16.03.1977) |
|
General Data |
Manufacture of deposition spaces of
motors, gearboxes, |
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|
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Main activity: |
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|
Former name(s) |
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|
Trade name(s) |
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Export: |
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Import: |
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General
contacts: |
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Address: |
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|
Platnéřská 4, Praha 1 |
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|
Branches of the
business: |
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|
|
|
Staff |
2007 |
338 employees |
|
|
2008 |
334 employees |
|
|
2009 |
264 employees |
|
|
2010 |
280 employees |
|
|
2011 |
331 employees |
|
|
2012 |
328 employees |
|
|
2013 |
324 employees |
|
|
2014 |
330 employees |
|
|
2015 |
350 employees |
|
|
and external workers as needed |
|
|
|
|
|
|
Annual Sales |
2004 |
actual sales |
CZK |
998 383 000,- |
|
|
|
2005 |
actual sales |
CZK |
1 340 440 000,- |
|
|
|
2006 |
actual sales |
CZK |
1 726 732 000,- |
|
|
|
2007 |
actual sales |
CZK |
2 348 370 000,- |
|
|
|
2008 |
actual sales |
CZK |
2 040 881 000,- |
|
|
|
2009 |
actual sales |
CZK |
1 700 398 000,- |
|
|
|
2010 |
actual sales |
CZK |
2 036 822 000,- |
|
|
|
2011 |
actual sales |
CZK |
2 472 549 000,- |
|
|
|
2012 |
actual sales |
CZK |
2 555 145 000,- |
|
|
|
2013 |
actual sales |
CZK |
2 675 288 000,- |
|
|
|
2014 |
actual sales |
CZK |
2 950 000 000,- |
|
|
|
The company is not registered in the
Central register of executions. |
||||
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||||
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Property |
none |
|
Balance sheets |
The enclosed balance of 2013 from business
register, it is authenticated by the auditor. (31.12.2013 - 1 CZK) |
|
|
The enclosed profit/loss account of 2013
from business register, it is authenticated by the auditor. (31.12.2013 - 1
CZK) |
|
Remarks |
All the sources of negative data
accessible to public (insolvency registers, databases of debtors of health
insurance institutions, commercial bulletin and others) are currently
monitored. |
|
|
|
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Business management: Ing. Daniel Stabenow – financial director – phone: 00420/ 315 630 480, 00420/ 774 601 580, e-mail: daniel.stabenow@tbvc.com
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Bankers |
UniCredit Bank Czech Republic and
Slovakia, a.s. |
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|
|
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|
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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. |
|
|
balance |
31.12.2010 (CZK)
|
31.12.2011 (CZK)
|
31.12.2012 (CZK)
|
31.12.2013 (CZK)
|
|
r1 |
TOTAL
ASSETS |
747 834 000 |
981 704 000 |
930 926 000 |
911 735 000 |
|
r2 |
Receivables for subscriptions |
0 |
0 |
0 |
0 |
|
r3 |
Fixed
assets |
248 643 000 |
232 142 000 |
234 135 000 |
211 578 000 |
|
r4 |
Intangible
fixed assets |
449 000 |
245 000 |
1 882 000 |
1 313 000 |
|
r7 |
Software |
449 000 |
245 000 |
1 363 000 |
1 313 000 |
|
r11 |
Intangible fixed assets under construction
|
|
|
519 000 |
|
|
r13 |
Tangible
fixed assets |
248 194 000 |
231 897 000 |
232 253 000 |
210 265 000 |
|
r14 |
Lands |
0 |
0 |
0 |
0 |
|
r15 |
Constructions |
34 598 000 |
29 483 000 |
23 663 000 |
24 479 000 |
|
r16 |
Equipment |
206 894 000 |
192 376 000 |
201 233 000 |
179 575 000 |
|
r20 |
Tangible fixed assets under construction |
7 388 000 |
10 678 000 |
7 950 000 |
6 758 000 |
|
r22 |
Adjustment to acquired assets |
-686 000 |
-640 000 |
-593 000 |
-547 000 |
|
r23 |
Long-term
financial assets |
0 |
0 |
0 |
0 |
|
r31 |
Current
assets |
491 484 000 |
732 985 000 |
687 953 000 |
675 326 000 |
|
r32 |
Inventory
|
57 188 000 |
68 558 000 |
82 628 000 |
93 402 000 |
|
r33 |
Materials |
29 594 000 |
29 713 000 |
36 730 000 |
39 935 000 |
|
r34 |
Work in progress and semi-products |
2 781 000 |
4 180 000 |
8 564 000 |
8 132 000 |
|
r35 |
Finished products |
24 320 000 |
33 850 000 |
36 310 000 |
44 071 000 |
|
r37 |
Merchandise |
493 000 |
815 000 |
1 024 000 |
1 264 000 |
|
r39 |
Long-term
receivables |
0 |
0 |
0 |
0 |
|
r48 |
Short-term
receivables |
433 994 000 |
664 145 000 |
372 068 000 |
360 795 000 |
|
r49 |
Trade receivables |
232 971 000 |
253 249 000 |
253 886 000 |
345 930 000 |
|
r50 |
Receivables from controlled and managed
organizations |
186 979 000 |
374 762 000 |
100 599 000 |
|
|
r53 |
Receivables from social security and
health insurance |
|
|
567 000 |
|
|
r54 |
Due from state - tax receivable |
12 669 000 |
35 372 000 |
16 308 000 |
14 244 000 |
|
r57 |
Other receivables |
1 375 000 |
762 000 |
708 000 |
621 000 |
|
r58 |
Short-term
financial assets |
302 000 |
282 000 |
233 257 000 |
221 129 000 |
|
r59 |
Cash |
281 000 |
267 000 |
332 000 |
309 000 |
|
r60 |
Bank accounts |
21 000 |
15 000 |
232 925 000 |
220 820 000 |
|
r63 |
Accruals
|
7 707 000 |
16 577 000 |
8 838 000 |
24 831 000 |
|
r64 |
Deferred expenses |
490 000 |
371 000 |
1 472 000 |
1 510 000 |
|
r66 |
Deferred income |
7 217 000 |
16 206 000 |
7 366 000 |
23 321 000 |
|
r67 |
TOTAL
LIABILITIES |
747 834 000 |
981 704 000 |
930 926 000 |
911 735 000 |
|
r68 |
Equity
|
426 435 000 |
610 040 000 |
389 027 000 |
443 403 000 |
|
r69 |
Registered
capital |
16 100 000 |
16 100 000 |
16 100 000 |
16 100 000 |
|
r70 |
Registered capital |
16 100 000 |
16 100 000 |
16 100 000 |
16 100 000 |
|
r73 |
Capital
funds |
154 997 000 |
154 997 000 |
154 997 000 |
154 997 000 |
|
r75 |
Other capital funds |
154 997 000 |
154 997 000 |
154 997 000 |
154 997 000 |
|
r78 |
Reserve
funds, statutory reserve account for cooperatives, and other retained
earnings |
1 610 000 |
1 610 000 |
1 610 000 |
1 610 000 |
|
r79 |
Legal reserve fund / indivisible fund |
1 610 000 |
1 610 000 |
1 610 000 |
1 610 000 |
|
r81 |
Profit
/ loss - previous years |
136 562 000 |
253 728 000 |
|
|
|
r82 |
Retained earnings from previous years |
136 562 000 |
253 728 000 |
|
|
|
r84 |
Profit
/ loss - current year (+/-) |
117 166 000 |
183 605 000 |
216 320 000 |
270 696 000 |
|
r85 |
Liabilities
|
308 092 000 |
371 664 000 |
539 058 000 |
447 998 000 |
|
r86 |
Reserves
|
30 687 000 |
51 680 000 |
19 554 000 |
21 607 000 |
|
r89 |
Income tax reserves |
30 449 000 |
47 075 000 |
15 635 000 |
16 935 000 |
|
r90 |
Other reserves |
238 000 |
4 605 000 |
3 919 000 |
4 672 000 |
|
r91 |
Long-term
payables |
25 453 000 |
21 704 000 |
18 659 000 |
16 174 000 |
|
r101 |
Deferred tax liability |
25 453 000 |
21 704 000 |
18 659 000 |
16 174 000 |
|
r102 |
Short-term
payables |
251 952 000 |
298 280 000 |
500 845 000 |
410 217 000 |
|
r103 |
Trade payables |
235 085 000 |
280 977 000 |
276 233 000 |
332 951 000 |
|
r104 |
Payables to controlled and managed
organizations |
|
|
202 220 000 |
55 533 000 |
|
r107 |
Payroll |
6 944 000 |
7 169 000 |
84 000 |
|
|
r108 |
Payables to social securities and health
insurance |
3 547 000 |
3 554 000 |
|
|
|
r109 |
Due from state - tax liabilities and
subsidies |
2 013 000 |
2 001 000 |
202 000 |
|
|
r112 |
Estimated payables |
4 363 000 |
4 579 000 |
22 106 000 |
21 733 000 |
|
r114 |
Bank
loans and financial accommodations |
0 |
0 |
0 |
0 |
|
r115 |
Long-term bank loans |
0 |
0 |
0 |
0 |
|
r116 |
Short-term bank loans |
0 |
0 |
0 |
0 |
|
r117 |
Short-term accommodations |
0 |
0 |
0 |
0 |
|
r118 |
Accruals
|
13 307 000 |
0 |
2 841 000 |
20 334 000 |
|
r119 |
Accrued expenses |
13 307 000 |
|
2 841 000 |
20 334 000 |
|
|
profit/loss
account |
31.12.2010 (CZK)
|
31.12.2011 (CZK)
|
31.12.2012 (CZK)
|
31.12.2013 (CZK)
|
|
|
a1 |
Turnover |
2 036 822 000 |
2 472 549 000 |
2 555 145 000 |
2 675 288 000 |
|
|
a2 |
Revenues from sold goods |
16 328 000 |
39 989 000 |
39 531 000 |
36 173 000 |
|
|
a3 |
Expenses on sold goods |
14 028 000 |
32 692 000 |
29 229 000 |
30 146 000 |
|
|
a4 |
Sale
margin |
2 300 000 |
7 297 000 |
10 302 000 |
6 027 000 |
|
|
a5 |
Production
|
2 024 410 000 |
2 443 273 000 |
2 521 830 000 |
2 648 345 000 |
|
|
a6 |
Revenues from own products and services |
2 020 494 000 |
2 432 560 000 |
2 515 614 000 |
2 639 115 000 |
|
|
a7 |
Change in inventory of own products |
3 916 000 |
10 713 000 |
6 216 000 |
9 230 000 |
|
|
a9 |
Production
consumption |
1 680 499 000 |
2 027 016 000 |
2 070 964 000 |
2 126 676 000 |
|
|
a10 |
Consumption of material and energy |
1 355 870 000 |
1 655 456 000 |
1 625 076 000 |
1 616 283 000 |
|
|
a11 |
Services |
324 629 000 |
371 560 000 |
445 888 000 |
510 393 000 |
|
|
a12 |
Added
value |
346 211 000 |
423 554 000 |
461 168 000 |
527 696 000 |
|
|
a13 |
Personnel
expenses |
144 588 000 |
163 624 000 |
167 263 000 |
170 309 000 |
|
|
a14 |
Wages and salaries |
104 582 000 |
119 133 000 |
122 372 000 |
125 656 000 |
|
|
a15 |
Renumeration of board members |
1 612 000 |
1 971 000 |
1 837 000 |
204 000 |
|
|
a16 |
Social security expenses and health
insurance |
34 424 000 |
39 551 000 |
40 310 000 |
41 598 000 |
|
|
a17 |
Other social expenses |
3 970 000 |
2 969 000 |
2 744 000 |
2 851 000 |
|
|
a18 |
Taxes and fees |
17 000 |
0 |
31 000 |
2 000 |
|
|
a19 |
Depreciations of intangible and tangible
assets |
56 023 000 |
47 899 000 |
49 671 000 |
43 999 000 |
|
|
a20 |
Revenues
from disposals of fixed assets and materials |
103 541 000 |
123 244 000 |
208 360 000 |
177 956 000 |
|
|
a21 |
Revenues from disposals of fixed assets |
530 000 |
1 566 000 |
1 499 000 |
5 217 000 |
|
|
a22 |
Revenues from disposals of materials |
103 011 000 |
121 678 000 |
206 861 000 |
172 739 000 |
|
|
a23 |
Net
book value of disposed fixed assets and materials |
90 770 000 |
110 988 000 |
186 989 000 |
158 079 000 |
|
|
a24 |
Net book value of sold fixed assets |
529 000 |
1 348 000 |
1 258 000 |
5 069 000 |
|
|
a25 |
Net book value of sold material |
90 241 000 |
109 640 000 |
185 731 000 |
153 010 000 |
|
|
a26 |
Change in operating reserves and
adjustments and complex deferred costs ( + / - ) |
1 254 000 |
4 634 000 |
-2 232 000 |
2 020 000 |
|
|
a27 |
Other operating revenues |
10 536 000 |
13 219 000 |
14 170 000 |
14 193 000 |
|
|
a28 |
Other operating expenses |
10 939 000 |
15 162 000 |
15 186 000 |
14 753 000 |
|
|
a31 |
Operating
profit / loss |
156 697 000 |
217 710 000 |
266 790 000 |
330 683 000 |
|
|
a43 |
Interest revenues |
271 000 |
1 109 000 |
911 000 |
255 000 |
|
|
a44 |
Interest expenses |
5 369 000 |
65 000 |
3 413 000 |
1 762 000 |
|
|
a45 |
Other financial revenues |
97 130 000 |
91 085 000 |
40 871 000 |
49 301 000 |
|
|
a46 |
Other financial expenses |
103 327 000 |
81 521 000 |
38 557 000 |
43 169 000 |
|
|
a49 |
Profit
/ loss from financial operations ( transactions ) |
-11 295 000 |
10 608 000 |
-188 000 |
4 625 000 |
|
|
a50 |
Income
tax on ordinary income |
28 236 000 |
44 713 000 |
50 282 000 |
64 612 000 |
|
|
a51 |
Due tax |
30 828 000 |
48 462 000 |
53 328 000 |
67 097 000 |
|
|
a52 |
Tax deferred |
-2 592 000 |
-3 749 000 |
-3 046 000 |
-2 485 000 |
|
|
a53 |
Operating
profit / loss ordinary activity |
117 166 000 |
183 605 000 |
216 320 000 |
270 696 000 |
|
|
a59 |
Operating
profit / loss extraordinary activity |
0 |
0 |
0 |
0 |
|
|
a61 |
Profit
/ loss of current accounting period (+/-) |
117 166 000 |
183 605 000 |
216 320 000 |
270 696 000 |
|
|
a62 |
Profit
/ loss before tax (+/-) |
145 402 000 |
228 318 000 |
266 602 000 |
335 308 000 |
|
|
Operating
cash flow |
211 155 000 |
217 991 000 |
244 610 000 |
272 762 000 |
||
|
Investment
cash flow |
-205 287 000 |
-218 011 000 |
223 477 000 |
78 117 000 |
||
|
Financial
cash flow |
-5 673 000 |
0 |
-235 112 000 |
-363 007 000 |
||
|
Receivables
after due date total |
2 808 000 |
7 131 000 |
6 539 000 |
9 510 000 |
||
|
Liabilities
after due date total |
68 205 000 |
113 435 000 |
101 340 000 |
96 501 000 |
||
|
Liabilities more than 180 days after due
date |
|
|
|
0 |
||
|
Liabilities more than 90 days after due
date |
|
2 924 000 |
|
|
||
|
Balance indices |
|
31.12.2010 |
31.12.2011 |
31.12.2012 |
31.12.2013 |
|
|
Return on total assets ROA (in %) |
a62/r1 * 100 |
19,44 |
23,26 |
28,64 |
36,78 |
|
|
Return on equity ROE (in %) |
a62/r68 * 100 |
34,10 |
37,43 |
68,53 |
75,62 |
|
|
Return on sales ROS (in %) |
a62/a1 * 100 |
7,14 |
9,23 |
10,43 |
12,53 |
|
|
Turnover of receivables (in days) |
r49/a1 * 365 |
41,75 |
37,38 |
36,27 |
47,20 |
|
|
Turnover of liabilities (in days) |
r103/a1 * 365 |
42,13 |
41,48 |
39,46 |
45,43 |
|
|
Turnover of inventories (days) |
r32/a1 * 365 |
10,25 |
10,12 |
11,80 |
12,74 |
|
|
Net working capital (in ths. CZK) |
r31 - r102 - r116 - r117 |
239 532,00 |
434 705,00 |
187 108,00 |
265 109,00 |
|
|
Ratio of accounts payable to accounts
receivable (in %) |
(r39+r48) / (r91+r102) * 100 |
156,45 |
207,56 |
71,62 |
84,62 |
|
|
Ratio of profit/loss to tangible assets
(in%) |
r3 / a1 * 100 |
12,21 |
9,39 |
9,16 |
7,91 |
|
|
Current ratio |
r31 / (r102+r116+r117) |
1,95 |
2,46 |
1,37 |
1,65 |
|
|
Quick ratio |
(r58+r48) / (r102+r116+r117) |
1,72 |
2,23 |
1,21 |
1,42 |
|
|
Cash ratio |
r58 / (r102+r116+r117) |
0,00 |
0,00 |
0,47 |
0,54 |
|
|
Debt ratio I (in %) |
(1-r68/r67) * 100 |
42,98 |
37,86 |
58,21 |
51,37 |
|
|
Debt ratio II (in %) |
r85/r67 * 100 |
41,20 |
37,86 |
57,91 |
49,14 |
|
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.63.58 |
|
|
1 |
Rs.97.99 |
|
Euro |
1 |
Rs.70.53 |
INFORMATION DETAILS
|
Analysis Done by
: |
SUB |
|
|
|
|
Report Prepared
by : |
NIT |
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.