|
|
|
MIRA INFORM REPORT
|
Report No. : |
493562 |
|
Report Date : |
24.02.2018 |
IDENTIFICATION DETAILS
|
Name : |
QUALICAPS ROMANIA SRL |
|
|
|
|
Registered Office : |
SOS. Chitilei 423m, 786682 Bucuresti Sector 1 |
|
|
|
|
Country : |
Romania |
|
|
|
|
Financials (as on) : |
31.12.2016 |
|
|
|
|
Date of Incorporation : |
07.05.2008 |
|
|
|
|
Com. Reg. No.: |
J40/7912/2008 |
|
|
|
|
Legal Form : |
Private Limited Company |
|
|
|
|
Line of Business : |
Manufacture
of other chemical products n.e.c. |
|
|
|
|
No. of Employees : |
119
[2016] |
RATING & COMMENTS
(Mira Inform has adopted New Rating mechanism w.e.f. 23rd
January 2017)
|
MIRA’s Rating : |
A |
|
Credit Rating |
Explanation |
Rating Comments |
|
A |
Acceptable Risk |
Business dealings permissible with
moderate risk of default |
|
Status : |
Satisfactory |
|
|
|
|
Payment Behaviour : |
No Complaints |
|
|
|
|
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
|
Country Name |
Previous Rating (30.09.2017) |
Current Rating (31.12.2017) |
|
Romania |
B1 |
B1 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low Risk |
A2 |
|
Moderately Low Risk |
B1 |
|
Moderate Risk |
B2 |
|
Moderately High Risk |
C1 |
|
High Risk |
C2 |
|
Very High Risk |
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. 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.
In the aftermath of the global financial crisis, Romania signed a $26 billion emergency assistance package from the IMF, the EU, and other international lenders, but GDP contracted until 2011. In March 2011, Romania and the IMF/EU/World Bank signed a 24-month precautionary standby agreement, worth $6.6 billion, to promote fiscal discipline, encourage progress on structural reforms, and strengthen financial sector stability; no funds were drawn. In September 2013, Romanian authorities and the IMF/EU agreed to a follow-on standby agreement, worth $5.4 billion, to continue with reforms. This agreement expired in September 2015, and no funds were drawn. Progress on structural reforms has been uneven, and the economy still is vulnerable to external shocks.
Economic growth rebounded in the 2013-17 period, driven by strong industrial exports, excellent agricultural harvests, and, more recently, expansionary fiscal policies in 2016-2017 that nearly quadrupled Bucharest’s annual fiscal deficit, from +0.8% of GDP in 2015 to -3% of GDP in 2016 and an estimated -3.4% in 2017. Industry outperformed other sectors of the economy in 2017. Exports remained an engine of economic growth, led by trade with the EU, which accounts for roughly 70% of Romania trade. Domestic demand was the major driver, due to tax cuts and large wage increases that began last year and are set to continue in 2018.
An aging population, emigration of skilled labor, significant tax evasion, insufficient health care, and an aggressive loosening of the fiscal package compromise Romania’s long-term growth and economic stability and are the economy's top vulnerabilities.
|
Source
: CIA |
Company
identification
|
QUALICAPS ROMANIA SRL |
|
|
|
Sos. Chitilei 423m |
|
786682 Bucuresti Sector 1 |
|
Romania |
|
Telephone |
+40 372 193200 |
|
|
+40 372 193229 |
|
Fax |
+40 372 710290 |
|
E-mail |
|
|
WEB |
|
|
Tax No. |
RO 23830038 |
|
Registration No. |
J40/7912/2008 |
|
Status |
Active |
Economic
situation
|
Business connection |
Business connections appear permissible |
(31) |
|
Payment behavior |
No complaints, but occasional delays |
(31) |
Basic
information
Legal form
Private Limited Company
Registration and changes
established on 07.05.2008 as Qualicaps Romania Srl
Private Limited Company
Owners
and Capital
|
Name / Address / Nationality |
From |
Share |
|
Qualicaps Europe S.a. Madrid, Spain |
06/05/2008 |
99,999958 % |
|
Technophar Equipment And Service Srl Cornu, Romania |
06/05/2008 |
0,0000420 % |
Registered
capital
|
Currency |
Value |
|
RON |
54.943.710 |
Management
|
Name / Address / Status |
Since |
Position |
|
Maruoka Rei (birth date 13/10/1970) 2-13-5-511
SHIMOMARUKO OOTAKU Japonia |
|
Administrator |
|
Skarnvad Lars Graham (birth date 02/09/1971) 28109 ALCOBENDAS, MADRID Spania |
|
Administrator |
|
Tamura Takanori (birth date 20/05/1959) 2-15-21-303 TSUCHIHASHI MYAMAE-KU Japonia |
|
Administrator |
|
ERNST & YOUNG ASSURANCE SERVICES SRL BUCURESTI SECTORUL 1 Romania |
|
Auditor |
Subsidiaries
Connections
|
Through |
Name / Address |
Position |
Share |
|
Tamura Takanori |
|||
|
RO 8482100 |
TECHNOPHAR EQUIPMENT AND SERVICE SRL |
administrator |
|
Business
activities
|
Main
activity |
Nace |
|
Manufacture
of other chemical products n.e.c. |
2059 |
Legal
office and working spaces at the above mentioned address
Economic
data
Turnover and Employees
|
Date |
Turnover |
Employees |
|
31.12.2016 |
60.673.377 RON |
119 |
|
31.12.2015 |
51.453.797 RON |
92 |
|
31.12.2014 |
51.002.506 RON |
91 |
|
31.12.2013 |
52.792.401 RON |
88 |
|
31.12.2012 |
52.227.004 RON |
90 |
|
31.12.2011 |
48.155.401 RON |
87 |
|
31.12.2010 |
38.525.089 RON |
94 |
|
31.12.2009 |
24.720.770 RON |
104 |
|
31.12.2008 |
3.895.622 RON |
70 |
Properties
According to the Balance Sheet of 31.12.2015 date
the company holds real estates with a book value of 1.126.303,00 RON, but we do
not have any other details on the type and location of these assets.
Supplementary
data
Main indices
Payment experience and credit opinion
|
Business connection |
Business connections appear permissible |
(31) |
|
Payment behavior |
No complaints, but occasional delays |
(31) |
Negative events
The company has no overdue
debts to the State budget that exceeds the minimum ceiling, according to the
information published by the Ministry of Finance on 30.09.2017.
There are no related to the
subject at the Payment Incidents Bureau (CIP) in the period 23.02.2011 -
23.02.2018.
There are no records
related to the subject company in our debt collection department. There are no
records related to the subject company at the Insolvency Proceedings Bulletin.
The subject company is not registered with legal proceedings opened against it,
according to Court Portal.
Financials
Balances
Assets
|
Name |
Ref. |
31/12/2014 RON LONG |
31/12/2015 RON LONG |
31/12/2016 RON LONG |
|
Incorporation expenses |
r1 |
N/A |
0 |
0 |
|
Development expenses |
r2 |
N/A |
0 |
0 |
|
Concession rights, patents, licences, trademarks,
similar rights and assets and other intangible fixed assets |
r3 |
27.249 |
26.372 |
37.438 |
|
Name |
Ref. |
31/12/2014 RON LONG |
31/12/2015 RON LONG |
31/12/2016 RON LONG |
|
Goodwill |
r4 |
N/A |
0 |
0 |
|
Down payments and intangible fixed assets in
progress |
r5 |
N/A |
0 |
0 |
|
TOTAL INTANGIBLE FIXED ASSETS |
r6 |
27.249 |
26.372 |
37.438 |
|
Land and buildings |
r7 |
827.751 |
951.987 |
11.196.380 |
|
Technical installations and machines |
r8 |
31.538.560 |
27.439.480 |
50.127.420 |
|
Other installations, machinery and furniture |
r9 |
127.559 |
122.891 |
353.402 |
|
Down payments and tangible fixed assets in
progress |
r10 |
2.420.012 |
21.574.050 |
2.473.594 |
|
TOTAL TANGIBLE FIXED ASSETS |
r11 |
34.913.890 |
52.493.170 |
64.784.580 |
|
Shares in subsidiaries |
r12 |
N/A |
0 |
0 |
|
Loans given to subsidiaries |
r13 |
N/A |
0 |
0 |
|
Participating interests |
r14 |
N/A |
0 |
0 |
|
Loans given to associates |
r15 |
N/A |
0 |
0 |
|
Other long term investments |
r16 |
N/A |
0 |
0 |
|
Other loans |
r17 |
N/A |
0 |
0 |
|
TOTAL CAPITAL ASSETS |
r18 |
N/A |
0 |
0 |
|
NON CURRENT ASSETS - TOTAL |
r19 |
34.941.136 |
52.519.541 |
64.822.017 |
|
Raw materials and consumables |
r20 |
4.583.189 |
1.643.688 |
3.862.258 |
|
Work in progress |
r21 |
635.713 |
341.453 |
1.786.823 |
|
Finished goods |
r22 |
3.707.826 |
6.972.210 |
9.996.796 |
|
Down payments on inventory purchases |
r23 |
14.612 |
44.556 |
52.322 |
|
TOTAL INVENTORIES |
r24 |
8.941.340 |
9.001.907 |
15.698.199 |
|
Trade receivables |
r25 |
8.765.584 |
5.842.535 |
10.362.610 |
|
Receivables from subsidiaries |
r26 |
N/A |
0 |
0 |
|
Receivables from entities in respect of
participating interests |
r27 |
N/A |
0 |
0 |
|
Other receivables |
r28 |
767.377 |
4.240.034 |
1.377.353 |
|
Unpaid subscribed capital |
r29 |
N/A |
0 |
0 |
|
TOTAL RECEIVABLES |
r30 |
9.532.961 |
10.082.569 |
11.739.962 |
|
Shares in subsidiaries |
r31 |
N/A |
0 |
0 |
|
Other short-term investments |
r32 |
N/A |
0 |
0 |
|
TOTAL SHORT-TERM INVESTMENTS |
r33 |
N/A |
0 |
0 |
|
PETTY CASH AND BANK ACCOUNTS |
r34 |
7.758.484 |
18.575.842 |
5.752.526 |
|
CURRENT ASSETS - TOTAL |
r35 |
26.232.785 |
37.660.318 |
33.190.687 |
|
PREPAID EXPENSES |
r36 |
5.044 |
0 |
6.570 |
|
TOTAL ASSETS |
r37 |
61.178.964 |
90.179.860 |
98.019.280 |
|
liabilities |
|
|
|
|
|
Debenture loans |
r38 |
N/A |
0 |
0 |
|
Amounts payable to credit entities |
r39 |
N/A |
0 |
0 |
|
Down payments received on orders in progress |
r40 |
N/A |
0 |
0 |
|
Commercial debts - suppliers |
r41 |
15.996.630 |
20.273.860 |
7.912.187 |
|
Commercial bills due |
r42 |
N/A |
0 |
0 |
|
Amounts payable to subsidiaries |
r43 |
N/A |
4.540.868 |
10.229.250 |
|
Amounts payable to associates in respect of participating
interests |
r44 |
N/A |
0 |
0 |
|
Other debts, including fiscal debts and amounts
payable to social security |
r45 |
842.258 |
2.144.503 |
1.563.098 |
|
TOTAL SHORT-TERM DEBTS |
r46 |
16.838.890 |
26.959.230 |
19.704.540 |
|
NET CURRENT ASSETS/NET CURRENT DEBTS |
r47 |
9.398.941 |
10.701.090 |
13.492.720 |
|
TOTAL ASSETS MINUS CURRENT DEBTS |
r48 |
44.340.080 |
63.220.620 |
78.314.740 |
|
Debenture loans |
r49 |
N/A |
0 |
0 |
|
Amounts payable to credit entities |
r50 |
N/A |
0 |
0 |
|
Down payments received on orders in progress |
r51 |
N/A |
0 |
0 |
|
Commercial debts - suppliers |
r52 |
N/A |
0 |
0 |
|
Commercial bills due |
r53 |
N/A |
0 |
0 |
|
Amounts payable to subsidiaries |
r54 |
N/A |
13.582.500 |
23.557.640 |
|
Amounts payable to associates in respect of
participating interests |
r55 |
N/A |
0 |
0 |
|
Other debts, including fiscal debts and amounts
payable to social security |
r56 |
70.013 |
27.426 |
0 |
|
TOTAL LONG-TERM DEBTS |
r57 |
70.013 |
13.609.930 |
23.557.640 |
|
Provisions for pensions and other similar
obligations |
r58 |
N/A |
0 |
0 |
|
Provisions for taxes |
r59 |
N/A |
0 |
0 |
|
Other provisions |
r60 |
N/A |
0 |
0 |
|
TOTAL DEBTS |
r61 |
16.908.901 |
40.569.159 |
43.262.179 |
|
TOTAL PROVISIONS |
r62 |
0 |
0 |
0 |
|
Grants for investments |
r63 |
N/A |
0 |
0 |
|
deferred income |
r64 |
N/A |
0 |
0 |
|
TOTAL DEFERRED INCOME |
r65 |
0 |
0 |
0 |
|
Subscribed and paid capital |
r66 |
54.943.710 |
54.943.710 |
54.943.710 |
|
Subscribed and unpaid capital |
r67 |
N/A |
0 |
0 |
|
Assets and liabilities (public sector companies) |
r68 |
N/A |
0 |
0 |
|
TOTAL SHARE CAPITAL |
r69 |
54.943.712 |
54.943.712 |
54.943.712 |
|
CAPITAL PREMIUM |
r70 |
N/A |
0 |
0 |
|
REVALUATION RESERVES |
r71 |
N/A |
0 |
0 |
|
Legal reserves |
r72 |
1.067.746 |
1.067.746 |
1.400.094 |
|
Statutory or contractual reserves |
r73 |
N/A |
0 |
0 |
|
Reserves representing the revaluation reserve
surplus |
r74 |
N/A |
N/A |
N/A |
|
Other reserves |
r75 |
N/A |
0 |
0 |
|
TOTAL RESERVES |
r76 |
1.067.746 |
1.067.746 |
1.400.094 |
|
Own shares |
r77 |
N/A |
0 |
0 |
|
Earnings associated to own capital instruments |
r78 |
N/A |
0 |
0 |
|
Losses associated to own capital instruments |
r79 |
N/A |
0 |
0 |
|
Reported profit or loss (e) Balance account C |
r80 |
N/A |
0 |
0 |
|
Reported profit or loss (e) Balance account D |
r81 |
15.920.680 |
11.741.390 |
6.733.106 |
|
Profit or loss as per the financial year Balance
account C |
r82 |
4.399.245 |
5.340.636 |
5.146.395 |
|
Profit or loss as per the financial year Balance account
D |
r83 |
N/A |
0 |
0 |
|
Profit distribution |
r84 |
219.962 |
0 |
0 |
|
SHAREHOLDERS' EQUITY - TOTAL |
r85 |
44.270.064 |
49.610.700 |
54.757.095 |
|
Public patrimony |
r86 |
N/A |
0 |
0 |
|
EQUITY-TOTAL |
r87 |
44.270.060 |
49.610.700 |
54.757.100 |
|
TOTAL LIABILITIES |
r88 |
61.178.963 |
90.179.860 |
98.019.280 |
Profit and Loss Account
|
Name |
Ref. |
31/12/2014 RON LONG |
31/12/2015 RON LONG |
31/12/2016 RON LONG |
|
Net turnover |
r89 |
51.002.506 |
51.453.797 |
60.673.377 |
|
Own work sold |
r90 |
50.985.420 |
51.423.180 |
60.657.940 |
|
Income from the sale of goods |
r91 |
17.090 |
30.623 |
15.437 |
|
Income from interests made by leasing |
r92 |
N/A |
0 |
0 |
|
Income from grants related to income
corresponding to net turnover |
r93 |
N/A |
0 |
0 |
|
Balance
account C |
r94 |
883.384 |
2.857.624 |
4.430.005 |
|
Balance account D |
r95 |
N/A |
0 |
0 |
|
Production made by the entity for its own
purposes and capitalized |
r96 |
N/A |
0 |
0 |
|
Other operating income |
r97 |
275.403 |
104.947 |
46.619 |
|
OPERATING INCOME - TOTAL |
r98 |
52.161.290 |
54.416.370 |
65.150.000 |
|
Expenses on raw materials and consumables |
r99 |
17.222.280 |
17.829.330 |
21.585.120 |
|
Other expenses supplies and materials |
r100 |
2.976.908 |
3.355.074 |
5.081.387 |
|
Other outsourced expenses (electricity and water) |
r101 |
2.566.666 |
2.520.085 |
3.303.388 |
|
Expenses on goods |
r102 |
18.062 |
29.648 |
15.457 |
|
Expenses on personnel, of which: |
r103 |
8.657.785 |
8.114.472 |
9.874.936 |
|
Salaries and benefits |
r104 |
6.866.280 |
6.612.961 |
8.069.885 |
|
Insurance and social security costs |
r105 |
1.791.505 |
1.501.511 |
1.805.051 |
|
Adjustments of the value of tangible and
intangible fixed assets |
r106 |
7.902.262 |
8.729.460 |
11.369.560 |
|
Expenses |
r107 |
7.902.262 |
8.729.460 |
11.369.560 |
|
Income |
r108 |
N/A |
0 |
0 |
|
Adjustments of the value of current assets |
r109 |
418.443 |
-112.500 |
-39.950 |
|
Expenses |
r110 |
732.506 |
0 |
38.250 |
|
Income |
r111 |
314.063 |
112.500 |
78.200 |
|
Other operating costs |
r112 |
7.286.168 |
7.266.987 |
8.286.484 |
|
Expenses on third party services |
r113 |
7.061.247 |
7.098.461 |
8.101.515 |
|
Expenses on other taxes, duties and similar
charges |
r114 |
35.320 |
49.719 |
60.000 |
|
Expenses on compensations, donations and assigned
assets |
r115 |
189.601 |
118.807 |
124.969 |
|
Expenses with refinancing interest rates of
leasing entities |
r116 |
N/A |
0 |
0 |
|
Adjustments of provisions |
r117 |
N/A |
0 |
0 |
|
Expenses |
r118 |
N/A |
0 |
0 |
|
income |
r119 |
N/A |
0 |
0 |
|
OPERATING EXPENSES - TOTAL |
r120 |
47.034.116 |
47.732.553 |
59.476.377 |
|
- Profit |
r121 |
5.127.177 |
6.683.815 |
5.673.624 |
|
- Loss |
r122 |
0 |
0 |
0 |
|
Income from participating interests, of which: |
r123 |
N/A |
0 |
0 |
|
income obtained from subsidiaries |
r124 |
N/A |
0 |
0 |
|
Income from other financial investments and loans
which are part of intangible fixed assets (acc. 763), of which: |
r125 |
N/A |
N/A |
N/A |
|
income obtained from subsidiaries |
r126 |
N/A |
N/A |
N/A |
|
Income from interest rates, of which: |
r127 |
47.809 |
11.254 |
702 |
|
income obtained from subsidiaries |
r128 |
N/A |
0 |
0 |
|
Other financial income |
r129 |
1.829.949 |
1.795.271 |
2.285.923 |
|
FINANCIAL INCOME - TOTAL |
r130 |
1.877.758 |
1.806.525 |
2.286.625 |
|
Value adjustments in respect of capital assets
and investments as current assets |
r131 |
N/A |
0 |
0 |
|
Expenses |
r132 |
N/A |
0 |
0 |
|
income |
r133 |
N/A |
0 |
0 |
|
Interest expenses |
r134 |
403.015 |
118.798 |
41.653 |
|
of which, expenses in respect of subsidiaries |
r135 |
N/A |
0 |
0 |
|
Other financial expenses |
r136 |
2.202.675 |
3.030.906 |
2.719.105 |
|
FINANCIAL EXPENSES - TOTAL |
r137 |
2.605.690 |
3.149.704 |
2.760.758 |
|
- Financial profit |
r138 |
0 |
0 |
0 |
|
- Financial loss |
r139 |
727.932 |
1.343.179 |
474.133 |
|
- Current profit |
r140 |
4.399.245 |
N/A |
N/A |
|
- Current loss |
r141 |
0 |
N/A |
N/A |
|
Extraordinary income |
r142 |
N/A |
N/A |
N/A |
|
Extraordinary expenses |
r143 |
0 |
N/A |
N/A |
|
- Extraordinary profit |
r144 |
0 |
N/A |
N/A |
|
- Extraordinary loss |
r145 |
0 |
N/A |
N/A |
|
TOTAL INCOME |
r146 |
54.039.051 |
56.222.893 |
67.436.626 |
|
TOTAL EXPENSES |
r147 |
49.639.806 |
50.882.257 |
62.237.135 |
|
- Gross profit |
r148 |
4.399.245 |
5.340.636 |
5.199.491 |
|
- Gross loss |
r149 |
0 |
0 |
0 |
|
Income tax |
r150 |
N/A |
0 |
53.096 |
|
Other taxes which are not recorded above |
r151 |
N/A |
0 |
0 |
|
- Net profit |
r152 |
4.399.245 |
5.340.636 |
5.146.395 |
|
- Net loss |
r153 |
0 |
0 |
0 |
|
Net result |
r154 |
4.399.245 |
5.340.636 |
5.146.395 |
Additional information
|
Name |
Ref. |
31/12/2014 RON LONG |
31/12/2015 RON LONG |
31/12/2016 RON LONG |
|
Outstanding payments-total, of which: - TOTAL |
r155 |
N/A |
0 |
0 |
|
Accounts payable outstanding- total, of which: - TOTAL |
r156 |
N/A |
0 |
0 |
|
over 30 days - TOTAL |
r157 |
N/A |
0 |
0 |
|
over 90 days - TOTAL |
r158 |
N/A |
0 |
0 |
|
over 1 year - TOTAL |
r159 |
N/A |
0 |
0 |
|
Outstanding payments to social security- total,
of which: - TOTAL |
r160 |
N/A |
0 |
0 |
|
contributions to social security payable by
employers, employees and other assimilated entities - TOTAL |
r161 |
N/A |
0 |
0 |
|
contributions to the social health insurance fund
- TOTAL |
r162 |
N/A |
0 |
0 |
|
contribution to the additional state pension
system - TOTAL |
r163 |
N/A |
0 |
0 |
|
contributions to the unemployment fund - TOTAL |
r164 |
N/A |
0 |
0 |
|
other social liabilities - TOTAL |
r165 |
N/A |
0 |
0 |
|
Payments due to special funds and other funds - TOTAL |
r166 |
N/A |
0 |
0 |
|
Payments due to other creditors - TOTAL |
r167 |
N/A |
0 |
0 |
|
Taxes and fees unpaid to the public budget on the
date due - TOTAL |
r168 |
N/A |
0 |
0 |
|
Taxes and fees unpaid to the local budget on the
date due - TOTAL |
r169 |
N/A |
0 |
0 |
|
Bank credits which were not reimbursed on the
date due - total, of which: - TOTAL |
r170 |
0 |
0 |
0 |
|
back payments after 30 days - TOTAL |
r171 |
N/A |
0 |
0 |
|
back payments after 90 days - TOTAL |
r172 |
N/A |
0 |
0 |
|
back payments after 1 year - TOTAL |
r173 |
N/A |
0 |
0 |
|
Past due interest - TOTAL |
r174 |
N/A |
0 |
0 |
|
Average number of employees |
r175 |
91 |
92 |
119 |
Specific tangible fixed assets
|
Name |
Ref. |
31/12/2014 RON LONG |
31/12/2015 RON LONG |
31/12/2016 RON LONG |
|
Lands |
r176 |
0 |
0 |
72.707 |
|
Buildings |
r177 |
935.461 |
1.126.303 |
11.769.133 |
|
Technical installations and machines |
r178 |
78.070.320 |
82.544.093 |
115.876.899 |
|
Amortization |
r179 |
N/A |
N/A |
N/A |
Financial Ratios
|
Name |
Ref. |
31/12/2014 |
31/12/2015 |
31/12/2016 |
|
Debt Ratio |
R1 |
0,28 |
0,45 |
0,44 |
|
Quick ratio |
R2 |
1,03 |
1,06 |
0,89 |
|
Current ratio |
R3 |
1,56 |
1,40 |
1,68 |
|
Solvency ratio |
R4 |
0,00 |
0,27 |
0,43 |
|
Return on sales ( ROS ) |
R5 |
0,09 |
0,10 |
0,08 |
|
Return on assets ( ROA ) |
R6 |
0,07 |
0,06 |
0,05 |
|
Return on equity ( ROE ) |
R7 |
0,10 |
0,11 |
0,09 |
|
Operating margin, in (%) |
R8 |
0,10 |
0,13 |
0,09 |
|
Days supply in inventory |
R9 |
63,99 |
63,86 |
94,44 |
|
Days sales in receivables |
R10 |
68,22 |
71,52 |
70,62 |
|
Days purchase in payables |
R11 |
120,51 |
191,24 |
118,54 |
|
SALES TO TOTAL ASSETS |
R12 |
0,83 |
0,57 |
0,62 |
|
OPERATING RESULT/TOTAL ASSETS |
R13 |
0,08 |
0,07 |
0,06 |
|
CASH RATIO |
R14 |
0,46 |
0,69 |
0,29 |
|
Equity as % of total assets |
R15 |
72,36 |
55,01 |
55,86 |
|
Fixed assets as % of total assets |
R16 |
57,11 |
58,24 |
66,13 |
|
Receivables as % of current assets |
R17 |
36,34 |
26,77 |
35,37 |
|
Net working capital |
R18 |
9393895,00 |
10701088,00 |
13486147,00 |
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
INR 64.82 |
|
|
1 |
INR 90.40 |
|
Euro |
1 |
INR 79.76 |
|
RON |
1 |
INR 17.10 |
Note :
Above are approximate rates obtained from sources believed to be correct
INFORMATION DETAILS
|
Analysis Done by
: |
VAR |
|
|
|
|
Report Prepared
by : |
SYL |
RATING EXPLANATIONS
|
Credit Rating |
Explanation |
Rating Comments |
|
A++ |
Minimum Risk |
Business dealings permissible with minimum
risk of default |
|
A+ |
Low Risk |
Business dealings permissible with low
risk of default |
|
A |
Acceptable Risk |
Business dealings permissible with
moderate risk of default |
|
B |
Medium Risk |
Business dealings permissible on a regular
monitoring basis |
|
C |
Medium High Risk |
Business dealings permissible preferably
on secured basis |
|
D |
High Risk |
Business dealing not recommended or on
secured terms only |
|
NB |
New Business |
No recommendation can be done due to
business in infancy stage |
|
NT |
No Trace |
No recommendation can be done as the
business is not traceable |
NB is stated where there is insufficient information to facilitate rating. However, it is not to be considered as unfavourable.
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 are as follows:
·
Financial
condition covering various ratios
·
Company
background and operations size
·
Promoters
/ Management background
·
Payment
record
·
Litigation
against the subject
·
Industry
scenario / competitor analysis
·
Supplier
/ Customer / Banker review (wherever available)
This report is issued at
your request without any risk and responsibility on the part of MIRA INFORM
PRIVATE LIMITED (MIPL) or its officials.