MIRA INFORM REPORT
|
Report No. : |
350117 |
|
Report Date : |
13.11.2015 |
IDENTIFICATION DETAILS
|
Name : |
NOXON STAINLESS B.V. |
|
|
|
|
Registered Office : |
Vossenbeemd 51 5705CL Helmond |
|
|
|
|
Country : |
Netherlands |
|
|
|
|
Financials (as on) : |
31.12.2014 |
|
|
|
|
Date of Incorporation : |
21.06.1990 |
|
|
|
|
Com. Reg. No.: |
17069403 |
|
|
|
|
Legal Form : |
Private company |
|
|
|
|
Line of Business : |
Wholesale of ferrous metals and ferrous semi-finished products |
|
|
|
|
No. of Employees : |
81 |
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) |
|
Netherlands |
A1 |
A1 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
|
Moderate |
B1 |
|
High |
B2 |
|
Very High |
C1 |
|
Restricted |
C2 |
|
Off-credit |
D |
NETHERLANDS - ECONOMIC
OVERVIEW
The Netherlands, the sixth-largest economy in the European Union, plays an important role as a European transportation hub, with a persistently high trade surplus, stable industrial relations, and moderate unemployment. Industry focuses on food processing, chemicals, petroleum refining, and electrical machinery. A highly mechanized agricultural sector employs only 2% of the labor force but provides large surpluses for food-processing and underpins the country’s status as the world’s second largest agricultural exporter. The Netherlands is part of the Eurozone, and as such, its monetary policy is controlled by the European Central Bank. The Dutch financial sector is highly concentrated, with four commercial banks possessing over 90% of banking assets. The sector suffered as a result of the global financial crisis and required billions of dollars of government support, but the European Banking Authority completed stringent reviews in 2014 and deemed Dutch banks to be well-capitalized. To address the 2009 and 2010 economic downturns, the government sought to stimulate the domestic economy by accelerating infrastructure programs, offering corporate tax breaks for employers to retain workers, and expanding export credits. The stimulus programs and bank bailouts, however, resulted in a government budget deficit of 5.3% of GDP in 2010 that contrasted sharply with a surplus of 0.7% in 2008. The government of Prime Minister Mark RUTTE has since implemented significant austerity measures to improve public finances and has instituted broad structural reforms in key policy areas, including the labor market, the housing sector, the energy market, and the pension system. As a result, the government budget deficit at the end of 2014 dropped to 1.8% of GDP. Following a protracted recession during which unemployment doubled to 7.4% and household consumption contracted for nearly three consecutive years, the year 2014 saw fragile GDP growth of 0.8 percent and a rise in most economic indicators. Drivers of growth included increased exports and business investments, as well as newly invigorated household consumption.
|
Source
: CIA |
Summary
Company name Noxon
Stainless B.V.
Operative address Vossenbeemd
51
5705CL Helmond
Netherlands
Legal form Besloten
Vennootschap
Registration number KvK-nummer:
17069403
VAT-number 008537343
|
Year |
2014 |
Mutation |
2013 |
Mutation |
2012 |
|
Fixed assets |
391.000 |
-61,82 |
1.024.000 |
-9,30 |
1.129.000 |
|
Total receivables |
4.508.000 |
-12,19 |
5.134.000 |
7,45 |
4.778.000 |
|
Total equity |
6.091.000 |
41,92 |
4.292.000 |
-2,41 |
4.398.000 |
|
Short term liabilities |
10.700.000 |
-8,62 |
11.709.000 |
-7,84 |
12.705.000 |
|
Net result |
1.307.000 |
6.123,81 |
21.000 |
-91,32 |
242.000 |
|
Working capital |
5.735.000 |
46,23 |
3.922.000 |
7,42 |
3.651.000 |
|
Quick ratio |
0,42 |
-4,55 |
0,44 |
15,79 |
0,38 |
Contact
information
Company name Noxon
Stainless B.V.
Trade names Noxon
Stainless B.V.
Operative address Vossenbeemd
51
5705CL Helmond
Netherlands
Correspondence address Postbus
6096
5700ET Helmond
Netherlands
Telephone number 0492582111
Fax number 0492538970
Email address info@noxon.nl
Registration
Registration number KvK-nummer:
17069403
Branch number 000017851777
VAT-number 008537343
Status Active
First registration company register 1991-09-17
Memorandum 1991-07-18
Establishment date 1990-06-21
Legal form
Besloten
Vennootschap
Legal person since 1991-07-18
Last proposed admendment 2012-11-23
Issued placed capital EUR
2.610.000
Paid up share capital EUR
2.610.000
Activities
SBI 46722:
Wholesale of ferrous metals and ferrous semi-finished products
ISO certified Yes
Exporter No
Importer No
Goal Groothandel
in roestvrijstalen halffabrikaten en aanverwante artikelen
Relations
Shareholders Stappert
Deutschland GmbH
Willstätter Strasse 13
40549 Düsseldorf
Germany
Percentage: 100%
Shareholders Naam:
Stappert Deutschland GmbH
Bezoekadres: Willstätter Strasse
13, 40549 Düsseldorf, Bondsrepubliek Duitsland
Ingeschreven in: Handelsregister
Handelsregister B des amtsgerichts Düsseldorf,
Bondsrepubliek Duitsland onder
nummer HRB 20
Enig aandeelhouder sedert:
21-12-2011 (datum registratie: 29-12-2011)
Companies on same address Noxon
Personeelsvereniging
Registration
number: 54422981
Liability statements Foreign
entity
Starting
date: 1992-03-23
Management
Active management T.R.A.
Philippe Thierry Robert Arthur
Netherlands
Competence: Jointly authorized
Function: Manager
Starting date: 2012-11-23
Date of birth: 1975-07-02,
Toulouse, FR
Involved with the following
companies:
IMS Nederland B.V.
Oosteinde 11y
2991LG Barendrecht
Netherlands
Registration number: 60583800
Function: Manager
S. Muller-Bernhardt Stefan
Netherlands
Competence: Jointly authorized
Function: Manager
Starting date: 2012-11-23
Date of birth: 1965-06-22,
München, NL
M. Dankers Mark
Netherlands
Competence: Jointly authorized
Function: Managing Director
Starting date: 2015-04-01
Date of birth: 1972-12-26,
Helmond, NL
E.M. Jacquet Eric Michel
Netherlands
Function: Commissaris
Starting date: 2010-07-01
Date of birth: 1959-01-09, Lyon,
FR
Involved with the following
companies:
JACFRIESLAND B.V.
Galvanilaan 11
9207HG Drachten-Azeven
Netherlands
Registration number: 01101917
Function: Commissaris
P. Goczol Philippe
Netherlands
Function: Commissaris
Starting date: 2010-07-01
Date of birth: 1965-12-05, Mons,
BE
Involved with the following
companies:
JMS Middle East Holding 2 B.V.
Volume 119B
1446WH PURMEREND
Netherlands
Registration number: 61164240
Function: Manager
IMS Nederland B.V.
Oosteinde 11y
2991LG Barendrecht
Netherlands
Registration number: 60583800
Function: Manager
JACFRIESLAND B.V.
Galvanilaan 11
9207HG Drachten-Azeven
Netherlands
Registration number: 01101917
Function:
Commissaris
P.M.P. de Groot Paulus Martinus
Petrus
Netherlands
Competence: Limited
authorization
Function: Proxy
Starting date: 2013-10-28
Date of birth: 1969-01-27,
Asten, NL
Involved with the following
companies:
IMS Nederland B.V.
Oosteinde 11y
2991LG Barendrecht
Netherlands
Registration number: 60583800
Function: Proxy
Employees
Total according to the Chamber of Commerce 81
Year 2015
2014 2013
2012 2011
Total 81
74 74 78 8
Payments
Description Payments
made under regular condition
Key
figures
|
Year |
2014 |
2013 |
2012 |
2011 |
2010 |
|
Quick ratio |
0,42 |
0,44 |
0,38 |
0,37 |
0,43 |
|
|
|
|
|
|
|
|
Current ratio |
1,54 |
1,33 |
1,29 |
1,21 |
1,18 |
|
Working capital/ balance
total |
0,34 |
0,24 |
0,21 |
0,16 |
0,14 |
|
|
|
|
|
|
|
|
Equity / balance total |
0,36 |
0,26 |
0,25 |
0,21 |
0,20 |
|
|
|
|
|
|
|
|
Equity / Fixed assets |
15,58 |
4,19 |
3,90 |
2,80 |
2,05 |
|
|
|
|
|
|
|
|
Equity / liabilities |
0,57 |
0,35 |
0,34 |
0,26 |
0,25 |
|
|
|
|
|
|
|
|
Balance total /
liabilities |
1,57 |
1,35 |
1,34 |
1,26 |
1,25 |
|
Working capital |
5.735.000 |
3.922.000 |
3.651.000 |
3.191.000 |
2.640.000 |
|
|
|
|
|
|
|
|
Equity |
6.091.000 |
4.292.000 |
4.398.000 |
4.156.000 |
3.850.000 |
|
|
|
|
|
|
|
|
Mutation equity |
41,92 |
-2,41 |
5,82 |
7,95 |
-33,89 |
|
|
|
|
|
|
|
|
Mutation short term
liabilities |
-8,62 |
-7,84 |
-18,14 |
4,51 |
43,86 |
|
Return on total assets
(ROA) |
10,35 |
0,22 |
1,85 |
2,02 |
-13,77 |
|
|
|
|
|
|
|
|
Return on equity (ROE) |
28,60 |
0,84 |
7,34 |
9,82 |
-69,27 |
|
|
|
|
|
|
|
|
Gross profit margin |
4,98 |
0,77 |
1,52 |
1,71 |
-5,71 |
|
|
|
|
|
|
|
|
Net profit margin |
3,36 |
0,05 |
0,56 |
0,69 |
-4,97 |
|
Average collection ratio |
3,63 |
3,28 |
3,39 |
2,87 |
2,67 |
|
|
|
|
|
|
|
|
Average payment ratio |
8,62 |
7,47 |
9,00 |
7,72 |
6,28 |
|
|
|
|
|
|
|
|
Equity turnover ratio |
6,38 |
8,94 |
9,78 |
10,71 |
10,31 |
|
|
|
|
|
|
|
|
Total assets turnover
ratio |
2,31 |
2,30 |
2,46 |
2,20 |
2,05 |
|
Fixed assets turnover
ratio |
99,37 |
37,46 |
38,10 |
29,97 |
21,09 |
|
Inventory conversion
ratio |
3,26 |
3,65 |
3,72 |
3,44 |
3,56 |
|
Turnover |
38.854.000 |
38.354.000 |
43.020.000 |
44.510.000 |
39.689.000 |
|
Gross margin |
9.700.000 |
8.085.000 |
9.210.000 |
9.849.000 |
|
|
Operating result |
1.934.000 |
294.000 |
655.000 |
759.000 |
-2.267.000 |
|
Net result after taxes |
1.307.000 |
21.000 |
242.000 |
306.000 |
-1.973.000 |
|
Cashflow |
1.461.000 |
200.000 |
483.000 |
600.000 |
-1.412.000 |
|
Gross profit |
|
|
|
|
39.689.000 |
|
EBIT |
1.934.000 |
294.000 |
655.000 |
759.000 |
-2.267.000 |
|
EBITDA |
2.088.000 |
473.000 |
896.000 |
1.053.000 |
-1.706.000 |
Summary
The 2014 financial result structure is a postive working captial
of 5.735.000 euro, which is in agreement with 34 % of the total assets of the company.
The working capital has increased with 46.23 % compared to previous year. The
ratio, with respect to the total assets of the company has however, increased.
The improvement between 2013 and 2014 has mainly been caused by an increase of
the current assets. The current ratio of the company in 2014 was 1.54. A
company with a current ratio between 1.5 and 3.0 generally indicates good
short-term financial strength. The quick ratio in 2014 of the company was 0.42.
A company with a Quick Ratio of less than 1 cannot currently pay back its current
liabilities. The 2013 financial result structure is a postive working captial
of 3.922.000 euro, which is in agreement with 24 % of the total assets of the
company. The working capital has increased with 7.42 % compared to previous
year. The ratio, with respect to the total assets of the company has however,
increased. The improvement between 2012 and 2013 has mainly been caused by an
increase of the current assets. The current ratio of the company in 2013 was 1.33.
When the current ratio is below 1.5, the company may have problems meeting its
short-term obligations. The quick ratio in 2013 of the company was 0.44. A
company with a Quick Ratio of less than 1 cannot currently pay back its current
liabilities.
Financial
statement
Last annual account 2014
Remark
annual account The
liability statement is filed by a company outside the Netherlands. We advise to
request a creditreport on the foreign entity to assess the creditlimit.
Type of annual account Corporate
Annual account Noxon
Stainless B.V.
Vossenbeemd 51
5705CL Helmond
Netherlands
Registration number: 17069403
Balance
|
Year |
2014 |
2013 |
2012 |
2011 |
2010 |
|
End date |
2014-12-31 |
2013-12-31 |
2012-12-31 |
2011-12-31 |
2010-12-31 |
|
Other tangible fixed
assets |
|
|
|
|
1.110.000 |
|
|
|
|
|
|
|
|
Tangible fixed assets |
391.000 |
465.000 |
598.000 |
818.000 |
1.110.000 |
|
Other financial fixed
assets |
|
|
|
|
773.000 |
|
|
|
|
|
|
|
|
Financial fixed assets |
|
559.000 |
531.000 |
667.000 |
773.000 |
|
Fixed assets |
391.000 |
1.024.000 |
1.129.000 |
1.485.000 |
1.882.000 |
|
|
|
|
|
|
|
|
Other stock |
|
|
|
|
11.154.000 |
|
|
|
|
|
|
|
|
Total stock |
11.927.000 |
10.497.000 |
11.577.000 |
12.932.000 |
11.154.000 |
|
Accounts receivable |
4.338.000 |
4.807.000 |
4.350.000 |
5.480.000 |
5.814.000 |
|
|
|
|
|
|
|
|
Other receivables |
170.000 |
327.000 |
428.000 |
287.000 |
507.000 |
|
|
|
|
|
|
|
|
Total receivables |
4.508.000 |
5.134.000 |
4.778.000 |
5.767.000 |
6.321.000 |
|
Liquid funds |
|
|
1.000 |
12.000 |
15.000 |
|
|
|
|
|
|
|
|
accruals |
|
|
|
|
507.000 |
|
|
|
|
|
|
|
|
Current assets |
16.435.000 |
15.631.000 |
16.356.000 |
18.711.000 |
17.490.000 |
|
Total assets |
16.826.000 |
16.655.000 |
17.485.000 |
20.196.000 |
19.373.000 |
|
|
|
|
|
|
|
|
Issued capital |
2.632.000 |
2.632.000 |
2.632.000 |
2.632.000 |
2.632.000 |
|
Other reserves |
3.459.000 |
1.660.000 |
1.766.000 |
1.524.000 |
1.218.000 |
|
|
|
|
|
|
|
|
Total reserves |
3.459.000 |
1.660.000 |
1.766.000 |
1.524.000 |
1.218.000 |
|
Total equity |
6.091.000 |
4.292.000 |
4.398.000 |
4.156.000 |
3.850.000 |
|
|
|
|
|
|
|
|
Provisions |
35.000 |
654.000 |
382.000 |
415.000 |
|
|
|
|
|
|
|
|
|
Long term interest
yielding debt |
|
|
|
105.000 |
|
|
|
|
|
|
|
|
|
Other long term
liabilities |
|
|
|
|
210.000 |
|
|
|
|
|
|
|
|
Long term liabilities |
|
|
|
105.000 |
210.000 |
|
Accounts payable |
2.254.000 |
3.832.000 |
3.009.000 |
6.933.000 |
3.846.000 |
|
|
|
|
|
|
|
|
Other short term
liabilities |
8.446.000 |
7.877.000 |
9.696.000 |
8.587.000 |
11.005.000 |
|
|
|
|
|
|
|
|
Short term liabilities |
10.700.000 |
11.709.000 |
12.705.000 |
15.520.000 |
14.850.000 |
|
Total short and long
term liabilities |
10.735.000 |
12.363.000 |
13.087.000 |
16.040.000 |
15.522.000 |
|
Total liabilities |
16.826.000 |
16.655.000 |
17.485.000 |
20.196.000 |
19.373.000 |
Summary
The total assets of the company increased with 1.03 % between 2013
and 2014. Despite the assets growth, the non current assets decreased with
-61.82 %. The assets growth has been financed by a Net Worth increase of 41.92 %.
The company's net increase has also covered a reduction of -13.17 % of the
company's indebtedness. In 2014 the assets of the company were 2.32 % composed
of fixed assets and 97.68 % by current assets. The assets are being financed by
an equity of 36.2 %, and total debt of 63.8 %. The total assets of the company
decreased with -4.75 % between 2012 and 2013. This downturn is mainly
retrievable in the fixed asset decrease of -9.3 %. Assets reduction is
explained by a Net Worth decrease of -2.41 %, and an indebtedness reduction of
-5.53 %. In 2013 the assets of the company were 6.15 % composed of fixed assets
and 93.85 % by current assets. The assets are being financed by an equity of
25.77 %, and total debt of 74.23 %.
Profit
and loss
|
Year |
2014 |
2013 |
2012 |
2011 |
2010 |
|
|
Revenues |
38.854.000 |
38.354.000 |
43.020.000 |
44.510.000 |
39.689.000 |
|
|
|
|
|
|
|
|
|
|
Net turnover |
38.854.000 |
38.354.000 |
43.020.000 |
44.510.000 |
39.689.000 |
|
|
|
|
|
|
|
|
|
|
Gross margin |
9.700.000 |
8.085.000 |
9.210.000 |
9.849.000 |
|
|
|
|
|
|
|
|
|
|
|
Wages
and salaries |
3.722.000 |
3.826.000 |
3.938.000 |
4.635.000 |
5.615.000 |
|
|
|
|
|
|
|
|
|
|
Amorization and
depreciation |
154.000 |
179.000 |
241.000 |
294.000 |
561.000 |
|
|
|
|
|
|
|
|
|
|
Sales |
29.154.000 |
30.269.000 |
33.810.000 |
34.661.000 |
|
|
|
|
|
|
|
|
|
|
|
other operating costs |
3.890.000 |
3.786.000 |
4.376.000 |
4.161.000 |
5.071.000 |
|
|
|
|
|
|
|
|
|
|
Raw materials and
consumables |
|
|
|
|
30.709.000 |
|
|
|
|
|
|
|
|
|
|
Operating expenses |
36.920.000 |
38.060.000 |
42.365.000 |
43.751.000 |
41.956.000 |
|
|
|
|
|
|
|
|
|
|
Operating result |
1.934.000 |
294.000 |
655.000 |
759.000 |
-2.267.000 |
|
|
|
|
|
|
|
|
|
|
Financial income |
|
|
|
161.000 |
129.000 |
|
|
|
|
|
|
|
|
|
|
Financial expenses |
192.000 |
258.000 |
332.000 |
512.000 |
528.000 |
|
|
|
|
|
|
|
|
|
|
Financial result |
-192.000 |
-258.000 |
-332.000 |
-351.000 |
-400.000 |
|
|
|
|
|
|
|
|
|
|
Result
on ordinary operations before taxes |
1.742.000 |
36.000 |
323.000 |
408.000 |
-2.667.000 |
|
|
|
|
|
|
|
|
|
|
Taxation
on the result of ordinary activities |
435.000 |
15.000 |
81.000 |
102.000 |
-657.000 |
|
|
Result
of ordinary activities
after taxes |
1.307.000 |
21.000 |
242.000 |
306.000 |
-2.009.000 |
|
|
Extraordinary income |
|
|
|
|
36.000 |
|
|
Extraordinary result
after taxation |
|
|
|
|
36.000 |
|
Summary
The turnover of the company grew with 1.3 % between 2013 and 2014.
The gross profit of the company grew with 19.98 % between 2013 and 2014. The operating
result of the company grew with 557.82 % between 2013 and 2014. This evolution
implies an increase of the company's economic profitability. The result of
these changes is an increase of the company's Economic Profitability of 4604.55
% of the analysed period, being equal to 10.35 in the year 2014. Despite the
growth the asset turnover remained the same at 2.31. The Net Result of the
company increased by 6123.81 % between 2013 and 2014. The company's Financial
Profitability has been positively affected by the financial activities in
comparison to the EBITs behaviour. The result of these variations is a
profitability increase of 3304.76 % of the analysed period, being 28.6 in the
year 2014. The company's financial structure has slowed down its financial
profitability. The turnover of the company decreased by -10.85 % between 2012
and 2013. The gross profit of the company decreased by -12.21 % between 2012
and 2013. The operating result of the company declined with -55.11 % between
2012 and 2013. This evolution implies an decrease of the company's economic
profitability. The result of these changes is a reduction of the company's
Economic Profitability of -88.11 % of the analysed period, being equal to 0.22
in the year 2013. This fall has contributed to a asset turnover decrease, whose
index evolved from -6.5 to a level of 2.3. The Net Result of the company
decreased by -91.32 % between 2012 and 2013. The company's Financial
Profitability has been negatively affected by the financial activities in comparison
to the EBITs behaviour. The result of these variations is a profitability
reduction of -88.56 % of the analysed period, being 0.84 in the year 2013. The
company's financial profitability has been positively affected by its financial
structure.
Analysis
Branch (SBI) Wholesale
trade (no motor vehicles and motorcycles) (SBI code 46)
Region Zuid-Oost-Brabant
Summary In the
Netherlands 109662 of the companies are registered with the SBI code 46
In the region Zuid-Oost-Brabant
5034 of the companies are registered with the SBI code 46
In the Netherlands 2387 of the
bankrupcties are published within this sector
In the region Zuid-Oost-Brabant
97 of the bankruptcies are published within this sector
The risk of this specific sector
in the Netherlands is normal
The risk of this specific sector in the region
Zuid-Oost-Brabant is normal
Publications
Deposits 23-07-2015:
De jaarrekening over 2014 is gepubliceerd.
05-02-2015: De jaarrekening over
2013 is gepubliceerd.
06-08-2013: De jaarrekening over
2012 is gepubliceerd.
14-11-2012: De jaarrekening over
2011 is gepubliceerd.
08-08-2011: De jaarrekening over
2010 is gepubliceerd.
25-01-2011: De jaarrekening over
2009 is gepubliceerd.
Functions
04-11-2013:
Per 28-10-2013 is gevolmachtigde Mark Dankers in functie getreden.
29-10-2013: Per 28-10-2013 is
gevolmachtigde Paulus Martinus Petrus de Groot in functie getreden.
24-10-2013: Per 10-10-2013 is
bestuurder Antonius Cornelis Elisabeth van der Heijden uit functie getreden.
03-12-2012: Per 23-11-2012 is
commissaris Thierry Robert Arthur Philippe uit functie getreden.
27-11-2012: Per 23-11-2012 is
bestuurder Stefan Muller-Bernhardt in functie getreden.
27-11-2012: Per 23-11-2012 is
bestuurder Thierry Robert Arthur Philippe in functie getreden.
31-01-2012: Per 19-01-2012 is
gevolmachtigde Cornelis Nicolaas van Lieshout uit functie getreden.
31-01-2012: Per 19-01-2012 is
gevolmachtigde Léon Gerardus Antonius Honings uit functie getreden.
31-01-2012: Per 31-01-2012 is
gevolmachtigde Arie Buis uit functie getreden.
31-01-2012: Per 31-01-2012 is
gevolmachtigde Peter Christiaan Kom uit functie getreden.
Amendments
27-05-2015:
Per 1-4-2015 is de bevoegdheid van Bestuurder Thierry Robert Arthur Philippe
gewijzigd.
27-11-2012: Geplaatst kapitaal
gewijzigd in EUR 2.610.000,00 Gestort kapitaal gewijzigd in EUR 2.610.000,00.
27-11-2012: Per 23-11-2012 is de
bevoegdheid van Bestuurder Antonius Cornelis Elisabeth van der Heijden gewijzigd.
27-11-2012: Per 23-11-2012 statuten gewijzigd.
Company
structure
Relations 2
Company Registration
number
Stappert Deutschland GmbH (40549 Düsseldorf)
| - - Noxon
Stainless B.V. (Helmond) 17069403
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.66.35 |
|
UK Pound |
1 |
Rs.100.28 |
|
Euro |
1 |
Rs.71.30 |
INFORMATION DETAILS
|
Analysis Done by
: |
DIV |
|
|
|
|
Report Prepared
by : |
TRU |
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.