|
|
|
MIRA INFORM REPORT
|
Report No. : |
492860 |
|
Report Date : |
26.02.2018 |
IDENTIFICATION DETAILS
|
Name : |
VASSILIOU TROFINKO S.A. |
|
|
|
|
Registered Office : |
Dervenochorion, Magoula Industrial Area, Mandra 19600, Attiki |
|
|
|
|
Country : |
Greece |
|
|
|
|
Financials (as on) : |
December, 2016 |
|
|
|
|
Date of Incorporation : |
01.01.1985 |
|
|
|
|
Com. Reg. No.: |
5599/001/Β/86/5597 |
|
|
|
|
Legal Form : |
Sociιtι Anonyme |
|
|
|
|
Line of Business : |
Wholesale of other food, including fish, crustaceans and molluscs,
Wholesale of meat and meat products, Production and preserving of meat,
Production and preserving of poultrymeat, Processing and preserving of fruit
and vegetables n.e.c., Processing and preserving of potatoes, Processing and
preserving of fish and fish products, Wholesale of fruit and vegetables. |
|
|
|
|
No. of Employees : |
102 |
RATING & COMMENTS
(Mira Inform has adopted New Rating mechanism w.e.f. 23rd
January 2017)
|
MIRAs Rating : |
A |
|
Credit Rating |
Explanation |
Rating Comments |
|
A |
Acceptable Risk |
Business dealings permissible with
moderate risk of default |
|
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
|
Country Name |
Previous Rating (30.09.2017) |
Current Rating (31.12.2017) |
|
Greece |
C1 |
C1 |
|
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 |
GREECE - ECONOMIC OVERVIEW
Greece has a capitalist economy with a public sector accounting for about 40% of GDP and with per capita GDP about two-thirds that of the leading euro-zone economies. Tourism provides 18% of GDP. Immigrants make up nearly one-fifth of the work force, mainly in agricultural and unskilled jobs. Greece is a major beneficiary of EU aid, equal to about 3.3% of annual GDP.
The Greek economy averaged growth of about 4% per year between 2003 and 2007, but the economy went into recession in 2009 as a result of the world financial crisis, tightening credit conditions, and Athens' failure to address a growing budget deficit. By 2013, the economy had contracted 26%, compared with the pre-crisis level of 2007. Greece met the EU's Growth and Stability Pact budget deficit criterion of no more than 3% of GDP in 2007-08, but violated it in 2009, when the deficit reached 15% of GDP. Deteriorating public finances, inaccurate and misreported statistics, and consistent underperformance on reforms prompted major credit rating agencies to downgrade Greece's international debt rating in late 2009 and led the country into a financial crisis. Under intense pressure from the EU and international market participants, the government accepted a bailout program that called on Athens to cut government spending, decrease tax evasion, overhaul the civil-service, health-care, and pension systems, and reform the labor and product markets. Austerity measures reduced the deficit to 1.3% in 2017. Successive Greek governments, however, failed to push through many of the most unpopular reforms in the face of widespread political opposition, including from the country's powerful labor unions and the general public.
In April 2010, a leading credit agency assigned Greek debt its lowest possible credit rating, and in May 2010, the IMF and euro-zone governments provided Greece emergency short- and medium-term loans worth $147 billion so that the country could make debt repayments to creditors. Greece, however, struggled to meet the targets set by the EU and the IMF, especially after Eurostat - the EU's statistical office - revised upward Greece's deficit and debt numbers for 2009 and 2010. European leaders and the IMF agreed in October 2011 to provide Athens a second bailout package of $169 billion. The second deal called for holders of Greek government bonds to write down a significant portion of their holdings to try to alleviate Greeces government debt burden. However, Greek banks, saddled with a significant portion of sovereign debt, were adversely affected by the write down and $60 billion of the second bailout package was set aside to ensure the banking system was adequately capitalized.
In 2014, the Greek economy began to turn the corner on the recession. Greece achieved three significant milestones: balancing the budget - not including debt repayments; issuing government debt in financial markets for the first time since 2010; and generating 0.7% GDP growth the first economic expansion since 2007.
Despite the nascent recovery, widespread discontent with austerity measures helped propel the far-left Coalition of the Radical Left (SYRIZA) party into government in national legislative elections in January 2015. Between January and July 2015, frustrations between the SYRIZA-led government and Greeces EU and IMF creditors over the implementation of bailout measures and disbursement of funds led the Greek government to run up significant arrears to suppliers and Greek banks to rely on emergency lending, and also called into question Greeces future in the euro zone. To stave off a collapse of the banking system, Greece imposed capital controls in June 2015 shortly before rattling international financial markets by becoming the first developed nation to miss a loan payment to the IMF. Unable to reach an agreement with creditors, Prime Minister Alexios TSIPRAS held a nationwide referendum on 5 July on whether to accept the terms of Greeces bailout, campaigning for the ultimately successful no vote. The TSIPRAS government subsequently agreed, however, to a new $96 billion bailout in order to avert Greeces exit from the monetary bloc. On 20 August, Greece signed its third bailout which allowed it to cover significant debt payments to its EU and IMF creditors and ensure the banking sector retained access to emergency liquidity. The TSIPRAS government which retook office on 20 September after calling new elections in late August successfully secured disbursal of two delayed tranches of bailout funds. Despite the economic turmoil, Greek GDP did not contract as sharply as feared, with official estimates of a -0.2% contraction in 2015, boosted in part by a strong tourist season.
In 2017, Greece saw improvements in GDP and unemployment. Unfinished economic reforms, a massive non-performing loan problem, and ongoing uncertainty regarding the political direction of the country hold the economy back. Some estimates put Greeces black market at 20- to 25% of GDP, as more people have stopped reporting their income to avoid paying taxes that, in some cases, have risen to 70% of an individuals gross income. These issues will continue to be a drag on the economy in 2018 and further delay recovery from the financial crisis.
|
Source
: CIA |
Company
name and address
|
|
Registered
Name |
VASSILIOU
TROFINKO S.A. (VASSILIOU TROFINKO S.A.) |
||
|
English
Name |
VASSILIOU
TROFINKO S.A. (VASSILIOU TROFINKO S.A.) |
||
|
Trade
Name |
VASSILIOU
TROFINKO S.A. |
||
|
Registered
Address |
Dervenochorion,
Magoula Industrial Area, Mandra 19600, Attiki, Greece |
||
|
Activities |
Wholesale
of other food, including fish, crustaceans and molluscs, Wholesale of meat and
meat products, Production and preserving of meat, Production and preserving
of poultrymeat, Processing and preserving of fruit and vegetables n.e.c.,
Processing and preserving of potatoes, Processing and preserving of fish and
fish products, Wholesale of fruit and vegetables |
||
|
Company
Status |
Registered
and operational |
||
|
Company
Reg. No |
5599/001/Β/86/5597 |
||
|
Company
Reg. Date |
01/01/1985 |
||
|
Start
Date |
01/01/1985 |
|
|
|
Tax
Reg. No |
094146050 |
||
|
Telephone |
+30
2105512100 |
Fax |
+30
2105551000 |
|
E-mail |
vtf@vtf.gr |
Websites |
www.vtf.gr |
Payment
Behaviour
|
|
Payment
habits |
UNDETERMINED |
Please
note that no payment information is available for the subject company. |
Financial
Summary
|
|
Basic
Financial Figures |
2016
(EUR) |
2015
(EUR) |
2014
(EUR) |
|
Revenue |
44,881,321 |
46,590,629 |
42,909,625 |
|
Gross
Profit |
7,835,801 |
8,192,256 |
7,981,707 |
|
Operating
Profit |
2,085,876 |
2,168,006 |
1,865,139 |
|
Profit
Before Tax |
345,105 |
363,528 |
165,666 |
|
Net
Profit |
133,553 |
113,855 |
-3,823 |
|
Working
Capital |
8,485,617 |
2,470,463 |
3,810,823 |
|
Total
Equity - Net Worth |
2,320,598 |
3,301,689 |
2,051,676 |
|
Long-term
Debt |
16,333,039 |
10,581,554 |
11,421,962 |
|
Accounts
Payable |
0 |
0 |
0 |
|
Accounts
Receivable |
118,189 |
965,827 |
75,920 |
|
Days
Sales Outstanding |
0.961179039271 |
7.566475545973 |
0.645794504147 |
|
Revenue
Per Employee |
18,711,486 |
13,057,345 |
14,077,291 |
|
Trend |
EVEN |
EVEN |
EVEN |
|
Key
Ratios |
2016 |
2015 |
2014 |
|
Gross
Profit margin on sales |
17.46 |
17.58 |
18.6 |
|
Current
Ratio |
1.7 |
1.14 |
1.25 |
|
Solvency
Ratio |
0 |
0 |
-0 |
|
Debtor
Days |
88.5 |
81.51 |
86.19 |
|
Creditor
Days |
32.21 |
29.22 |
41.5 |
|
Probability
of Default |
Safe
zones |
Safe
zones |
Safe
zones |
Legal
Status
|
|
CR
Number |
5599/001/Β/86/5597 |
|
Legal
Type |
SA
- Sociιtι Anonyme |
|
Auditors |
GRANT
THORNTON S.A. CERTIFIED |
Capital
|
|
Authorized
Capital |
2,435,256
EUR |
Corporate
Structure
|
|
Directors |
|
Name |
Position |
ID |
Occupation |
Age |
Nationality |
Other
Rel. |
Appointment
date |
|
Mrs
Vourtsi, Eleni Charalampous |
Director |
100213807
(Reg. No) |
Board
Member |
- |
Greece |
No |
- |
|
|
|||||||
|
Mrs
Hatzigeorgaki , Efthymia Nikolaou |
Director |
118304037
(Reg. No) |
Board
Member |
- |
Greece |
No |
- |
|
|
|||||||
|
Mr
Lourantos, Xenofon-Spyridon Pan. |
Director |
Ξ056557
(IDcard) |
Board
Member |
- |
Unknown |
No |
- |
|
Comment:
General Manager, Public Relations Manager |
|||||||
|
|
|||||||
|
Mr
Kassimatis, Petros |
Director |
043944312
(Reg. No) |
Board
Member |
- |
Greece |
No |
- |
|
|
|||||||
|
Mr
Vassiliou, Grigorios Dimitriou |
Director |
Ξ319263
(IDcard) |
Chairman
& CEO |
- |
Unknown |
No |
- |
|
Comment:
Legal Representative |
|||||||
|
|
|||||||
|
Ms
Vasiliou, Paraskevi Dim. |
Director |
116257085
(Reg. No) |
Executive
Vice Chairman |
- |
Greece |
No |
- |
|
Comment:
HR Manager |
|||||||
|
|
|||||||
|
Mr
Noussis, Dimitrios |
Director |
- |
- |
- |
Greece |
No |
- |
|
Comment:
Business Development Director, Sales Director |
|||||||
|
|
|||||||
Other
Key Personnel
|
|
Name |
Reg.
No. / ID |
Occupation |
Country |
Relation |
Date
Registered |
|
Mr
Hatzigeorgakis, Nikolaos Nikolaou |
017620819
- |
- |
Greece |
Executive |
|
|
Comment:
Executive Consultant |
|||||
|
|
|||||
|
Mr
Kapetanakis, John |
- |
- |
Greece |
Chief
Financial Officer |
|
|
|
|||||
|
Mrs
Domvridou, Elena |
- |
- |
Greece |
Manager |
|
|
Comment:
Production Manager |
|||||
|
|
|||||
|
Mr
Frangopoulos, Theodoros Joh. |
- |
- |
Greece |
Manager |
|
|
Comment:
Production Manager |
|||||
|
|
|||||
Shareholders
|
|
Name |
ID/Reg.
No |
Nationality |
Number
of Shares |
Percentage
of Shares |
Other
Rel |
|
Mr
Vassiliou, Grigorios Dimitriou |
Ξ319263
(IDcard) |
Unknown |
|
39.33 |
|
|
|
|||||
|
Other
Directorship of: Vassiliou, Grigorios Dimitriou |
|||||
|
No
information available |
|||||
|
Other
Shareholding of: Vassiliou, Grigorios Dimitriou |
|||||
|
No
information available |
|||||
|
Mr
Siskos, George Ioanni |
023901070
(Reg. No.) |
Unknown |
|
29.16 |
|
|
|
|||||
|
Other
Directorship of: Siskos, George Ioanni |
|||||
|
No
information available |
|||||
|
Other
Shareholding of: Siskos, George Ioanni |
|||||
|
No
information available |
|||||
|
Mr
Vassiliou, Dimitrios Grigoriou |
014280620
(Reg. No.) |
Unknown |
|
19 |
|
|
|
|||||
|
Other
Directorship of: Vassiliou, Dimitrios Grigoriou |
|||||
|
No
information available |
|||||
|
Other
Shareholding of: Vassiliou, Dimitrios Grigoriou |
|||||
|
No
information available |
|||||
|
Mrs
Vourtsi, Eleni Charalampous |
100213807
(Reg. No.) |
Greece |
|
2.78 |
|
|
|
|||||
|
Other
Directorship of: Vourtsi, Eleni Charalampous |
|||||
|
No
information available |
|||||
|
Other
Shareholding of: Vourtsi, Eleni Charalampous |
|||||
|
No
information available |
|||||
|
Mr
Hatzigeorgakis, Nikolaos Nikolaou |
017620819
(Reg. No.) |
Unknown |
|
2.44 |
|
|
|
|||||
|
Other
Directorship of: Hatzigeorgakis, Nikolaos Nikolaou |
|||||
|
No
information available |
|||||
|
Other
Shareholding of: Hatzigeorgakis, Nikolaos Nikolaou |
|||||
|
No
information available |
|||||
|
Mrs
Chatzigeorgaki, Efrosini Nikolaou |
(Reg.
No.) |
Unknown |
|
2.43 |
|
|
|
|||||
|
Other
Directorship of: Chatzigeorgaki, Efrosini Nikolaou |
|||||
|
No
information available |
|||||
|
Other
Shareholding of: Chatzigeorgaki, Efrosini Nikolaou |
|||||
|
No
information available |
|||||
|
Mrs
Hatzigeorgaki , Efthymia Nikolaou |
118304037
(Reg. No.) |
Greece |
|
2.43 |
|
|
|
|||||
|
Other
Directorship of: Hatzigeorgaki , Efthymia Nikolaou |
|||||
|
No
information available |
|||||
|
Other
Shareholding of: Hatzigeorgaki , Efthymia Nikolaou |
|||||
|
No
information available |
|||||
|
Mr
Chatzigeorgakis, Charalampos Nikolaou |
(Reg.
No.) |
Greece |
|
2.43 |
|
|
|
|||||
|
Other
Directorship of: Chatzigeorgakis, Charalampos Nikolaou |
|||||
|
No
information available |
|||||
|
Other
Shareholding of: Chatzigeorgakis, Charalampos Nikolaou |
|||||
|
No
information available |
|||||
Operation
and Activities
|
|
Activity
Code |
Description |
|
NACE
Code |
NACE
Description |
|
51.38 |
Wholesale
of other food, including fish, crustaceans and molluscs |
|
5132 |
Wholesale
of meat and meat products |
|
15.11 |
Production
and preserving of meat |
|
15.12 |
Production
and preserving of poultrymeat |
|
15.33 |
Processing
and preserving of fruit and vegetables n.e.c. |
|
15.31 |
Processing
and preserving of potatoes |
|
15.20 |
Processing
and preserving of fish and fish products |
|
51.31 |
Wholesale
of fruit and vegetables |
Line
of business
|
|
SECTOR:
Miscellaneous food products |
|
Purchases
From |
Method
of Payment |
Average
% of purchases |
Country |
Comments |
|
No
information available |
||||
|
Export
to |
Payment
terms |
Percentage |
|
Albania,
Bulgaria, Cyprus, Romania, Turkey, United States Minor Outlying Islands |
- |
N/A |
|
Import
from |
Payment
terms |
Percentage |
|
India,
Kenya, Morocco, Norway, New Zealand, Senegal, Tanzania, United Republic Of,
Vietnam, United States Minor Outlying Islands |
- |
N/A |
|
Agencies,
Suppliers & Brands |
Country |
Relation |
Comment |
|
ARDOVRES
N.V. (Belgium) |
Belgium |
Supplier |
More
Suppliers: GODACO (VIET NAM) KRC FOODS (INDIA) PING YANG (CHINA) |
|
IONIAN
HOTEL ENTERPRISES S.A. |
Unknown |
Customer |
TAX
NUMBER: 094006888 More Customers: LIDL USA LIDL PORTUGAL LIDL BULGARIA LIDL
POLLAND LIDL AUSTRIA LIDL IRELAND LIDL ROMANIA LIDL (GERMANY) LIDL CYPRUS |
|
Banks |
Swift code |
Comments |
|
ATTICA
BANK S.A. - TAVROS |
0160367 |
|
|
EFG
EUROBANK ERGASIAS S.A. - ASPROPIRGOS |
0260335 |
|
|
NATIONAL
BANK OF GREECE S.A. - ATHINON BRANCH |
0110044 |
|
|
ALPHA
BANK - LEOFOROU ATHINON |
0140106 |
|
|
Premises |
Comprise
of |
Address |
Square
Meters |
Type |
Comment |
|
Branch |
Office |
Thessalonikis
Kalochori Rd. , Kalochori , 57009 Thessaloniki, Thessaloniki, Greece |
- |
Leased |
- |
|
Branch |
Office |
82
Vas. Pavlou Ave. , Voula , 16673 Attiki, Attiki, Greece |
- |
- |
- |
|
Branch: |
Factory |
Industrial
area, Road E, Irakleio 71001, Irakleio, Greece |
- |
Owned |
- |
|
Registered
Address |
Office |
Dervenochorion,
Magoula Industrial Area, Mandra 19600, LAND m2: 16000, Attiki, Greece |
- |
Owned |
- |
|
Vehicles |
Number |
|
Trucks |
20 |
|
Total
Vehicles |
20 |
|
Employees |
Mar 2017 |
|
Full
Time Employees of Company |
102 |
|
Part
Time Employees of Company |
- |
|
Employees
of Group |
- |
|
Comment
for Mar 2017 |
|
|
- |
|
Negative
Incidents
|
According
to our against the subject no negatives have been registered.
Financial
information
|
|
Currency |
Euro
- |
|
Group
Consolidated Accounts |
No |
|
Type |
Trading
& Manufacturing |
|
Auditors
Opinion |
|
|
Accounts
obtained from |
|
|
Corporate
financial statement |
December
2016 |
December
2015 |
December
2014 |
|
STATEMENT
OF FINANCIAL POSITION |
|||
|
ASSETS |
|||
|
Non
current Assets |
|||
|
Property,
Plant & Equipment |
12,218,681
|
12,525,729
|
11,498,780
|
|
Intangible
assets |
209,597
|
397,015
|
589,283
|
|
Investment
in subsidiaries |
|
|
138,751
|
|
Other
Assets |
|
|
15,410
|
|
Receivables |
118,189
|
965,827
|
75,920
|
|
Total
Non current Assets |
12,546,467
|
13,888,571
|
12,318,144
|
|
Current
Assets |
|||
|
Inventories |
7,839,763
|
7,975,355
|
7,636,285
|
|
Receivables |
10,882,259
|
10,404,039
|
10,132,621
|
|
Other
Assets |
833,824
|
931,640
|
165,618
|
|
Refundable
taxes |
366,174
|
223,574
|
348,824
|
|
Cash
at bank and in hand |
738,116
|
690,152
|
740,229
|
|
Total
current Assets |
20,660,136
|
20,224,760
|
19,023,577
|
|
Total
Assets |
33,206,603
|
34,113,331
|
31,341,721
|
|
EQUITY
AND LIABILITIES |
|||
|
Equity |
|||
|
Share
capital |
2,435,255
|
3,549,900
|
3,534,444
|
|
Other
reserves |
115,066
|
115,066
|
115,066
|
|
Retained
Earnings |
-229,723
|
-363,277
|
-1,597,834
|
|
Total
Equity |
2,320,598
|
3,301,689
|
2,051,676
|
|
LIABILITIES |
|||
|
Non-current
liabilities |
|||
|
Borrowings |
16,333,039
|
10,581,554
|
11,421,962
|
|
Deferred
income |
2,053,223
|
2,168,939
|
2,379,371
|
|
Other
liabilities |
325,224
|
306,852
|
275,958
|
|
Total
non-current liabilities |
18,711,486
|
13,057,345
|
14,077,291
|
|
Current
liabilities |
|||
|
Trade
and other payables |
3,268,857
|
3,074,087
|
3,971,279
|
|
Deferred
income |
200,000
|
170,123
|
186,096
|
|
Borrowings |
5,406,037
|
11,387,658
|
7,557,153
|
|
Current
tax liabilities |
270,106
|
317,173
|
301,181
|
|
Other
liabilities |
3,029,519
|
2,805,256
|
3,197,045
|
|
Total
current liabilities |
12,174,519
|
17,754,297
|
15,212,754
|
|
Total
Liabilities |
30,886,005
|
30,811,642
|
29,290,045
|
|
Total
Equity and liabilities |
33,206,603
|
34,113,331
|
31,341,721
|
|
STATEMENT
OF COMPREHENSIVE INCOME |
|||
|
Revenue |
44,881,321
|
46,590,629
|
42,909,625
|
|
Cost
of Sales |
-37,045,520
|
-38,398,373
|
-34,927,918
|
|
Gross
Profit |
7,835,801
|
8,192,256
|
7,981,707
|
|
Other
income |
280,156
|
76,114
|
21,643
|
|
Other
expenses |
-6,030,081
|
-6,100,364
|
-6,138,211
|
|
Operating
Loss/Profit |
2,085,876
|
2,168,006
|
1,865,139
|
|
Finance
costs |
-1,740,916
|
-1,804,792
|
-1,700,056
|
|
Net
finance costs |
-1,740,916
|
-1,804,792
|
-1,700,056
|
|
Share
of results of associates before tax |
145
|
314
|
583
|
|
Profit
before tax |
345,105
|
363,528
|
165,666
|
|
Tax |
-211,552
|
-249,673
|
-169,489
|
|
Net
profit/loss for the year* |
133,553
|
113,855
|
-3,823
|
|
Other
comprehensive income |
|||
|
Total
comprehensive income for the year |
133,553
|
113,855
|
-3,823
|
|
CASH
FLOW STATEMENT |
|||
|
Profit
before tax |
345,105
|
363,528
|
165,666
|
|
Adjustments
for: |
|||
|
Cash
flows (used in)/ from operations |
345,105
|
363,528
|
165,666
|
|
Net
Cash flows (used in)/ from operating activities |
345,105
|
363,528
|
165,666
|
|
Net
(decrease)/increase in cash and cash equivalents |
345,105
|
363,528
|
165,666
|
|
Cash
and cash equivalents: |
|||
|
At
end of the year |
345,105
|
363,528
|
165,666
|
|
Key
Ratios |
December
2016 |
December
2015 |
December
2014 |
|
Profitability
Ratios |
|||
|
Gross
Profit margin on sales |
0.17 |
0.18 |
0.19 |
|
Return
on assets (ROA) |
0 |
0 |
-0 |
|
Return
on Equity |
5.76 |
3.45 |
-0.19 |
|
Operating
Income margin |
4.65 |
4.65 |
4.35 |
|
Liquidity
Ratios |
|||
|
Current
Ratio |
1.7 |
1.14 |
1.25 |
|
Quick
Ratio |
1.05 |
0.69 |
0.75 |
|
Turnover
Ratios |
|||
|
Sales
to Net Working Capital Ratio |
5.29 |
18.86 |
11.26 |
|
Total
assets turnover (times) |
1.35 |
1.37 |
1.37 |
|
Debtor
Days |
88.5 |
81.51 |
86.19 |
|
Creditor
Days |
32.21 |
29.22 |
41.5 |
|
Leverage
Ratios |
|||
|
Debt
to Equity |
13.31 |
9.33 |
14.28 |
|
Interest
Coverage Ratio |
0.8 |
0.8 |
0.9 |
|
Additional
Comments on Financial Statement |
|
No
information available |
Additional
Information
|
|
Conclusion |
|
G.E.MI.:
122073607000 |
Industry
Developments
|
|
Financial
benchmarking analysis |
.
Country
Developments
|
|
|
Below
information is taken from World Bank Report of 2015 |
|
|
Ease
of Doing Business rank (1-189) |
61 |
|
Overall
Distance to frontier (DTF) Score (0-100) |
66.70 |
|
GNI
per Capita (US$) |
22.530 |
|
Getting
Credit(rank) |
|
|
Protecting
minority investors (rank) |
62 |
|
Trading
across borders (rank) |
48 |
|
Population |
11. |
|
Resolving
insolvency (0-100) |
52 |
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
INR 64.82 |
|
|
1 |
INR 90.40 |
|
Euro |
1 |
INR 79.76 |
|
Euro |
1 |
INR 79.61 |
Note :
Above are approximate rates obtained from sources believed to be correct
INFORMATION DETAILS
|
Analysis Done by
: |
NIY |
|
|
|
|
Report Prepared
by : |
DNS |
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
SCs 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.