|
|
|
MIRA INFORM REPORT
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Report No. : |
487066 |
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Report Date : |
25.01.2018 |
IDENTIFICATION DETAILS
|
Name : |
OOO TMK-INOKS |
|
|
|
|
Registered Office : |
TMK-INOKS Building, Zavodskoy Proezd 1, Sverdlovskaya Region, 623401 Kamensk-Uralsky |
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Country : |
Russia |
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Financials (as on) : |
31.12.2016 |
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Date of Incorporation : |
28.12.2009 |
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|
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Com. Reg. No.: |
OGRN 1096612002519 |
|
|
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|
Legal Form : |
Limited Liability Company |
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|
|
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Line of Business : |
Manufacture of tubes, pipes, hollow profiles and related
fittings, of steel; |
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|
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No. of Employees : |
401 |
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 |
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|
|
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Payment Behaviour : |
Slow but Correct |
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|
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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
|
Country Name |
Previous Rating (30.06.2017) |
Current Rating (30.09.2017) |
|
Russia |
A2 |
A2 |
|
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 |
RUSSIA - ECONOMIC OVERVIEW
Russia has undergone significant changes since the collapse of the Soviet Union, moving from a centrally planned economy towards a more market-based system. Both economic growth and reform have stalled in recent years, however, and Russia remains a predominantly statist economy with a high concentration of wealth in officials' hands. Economic reforms in the 1990s privatized most industry, with notable exceptions in the energy, transportation, banking, and defense-related sectors. The protection of property rights is still weak, and the state continues to interfere in the free operation of the private sector.
Russia is one of the world's leading producers of oil and natural gas, and is also a top exporter of metals such as steel and primary aluminum. Russia is heavily dependent on the movement of world commodity prices as reliance on commodity exports makes it vulnerable to boom and bust cycles that follow the volatile swings in global prices. The economy, which had averaged 7% growth during the 1998-2008 period as oil prices rose rapidly, has seen diminishing growth rates since then due to the exhaustion of Russia’s commodity-based growth model.
A combination of falling oil prices, international sanctions, and structural limitations pushed Russia into a deep recession in 2015, with GDP falling by close by 2.8%. The downturn continued through 2016, with GDP contracting another 0.2%, but was reversed in 2017 as world demand picked up. Government support for import substitution has increased recently in an effort to diversify the economy away from extractive industries.
|
Source
: CIA |
company
summary
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||||||||
COMPANY NAME
|
OOO TMK-INOKS |
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ADDRESS
|
Building |
Street |
Area |
PO Box |
||||
|
TMK-INOKS Building |
Zavodskoy Proezd 1 |
Sverdlovskaya Region |
623401 Kamensk-Uralsky |
|||||
TEL/FAX
|
Verified Phones: +(7
3439) 363 680 / +(7 3439) 363 040 / +(7 3439) 363 848 / Fax: +(7 3439) 363 680 |
|||||||
EMAIL/WEBSITE
|
Email: inox@tmk-group.com / Website: www.tmk-group.ru /
www.tmk-inox.tmk-group.ru |
|||||||
ACTIVITY
|
NACE 2420 - Manufacture of tubes, pipes,
hollow profiles and related fittings, of steel; |
|||||||
PRINCIPAL
|
Vyacheslav Alekseevich Gagarinov |
Workforce |
||||||
|
General Director |
401 |
|||||||
LEGAL
INFO
|
Date Of Est. |
Reg. No. |
Legal Form |
Status |
||||
|
28/12/2009 |
OGRN 1096612002519 |
LLC |
Active |
|||||
CAPITAL
|
CURRENCY |
AMOUNT |
||||||
|
RUBLE (RUB)
|
2,650,010,000 |
|||||||
IDENTIFICATION
|
|||
CO. NAME
|
OOO
TMK-INOKS |
||
ALSO KNOWN NAME (S)
|
TMK-INOX LLC / TMK
INOX |
||
BUILDING
|
TMK-INOKS Building |
||
STREET
|
Zavodskoy Proezd 1 |
||
AREA
|
Sverdlovskaya Region |
||
POSTAL ADDRESS
|
623401 Kamensk-Uralsky |
||
CITY
|
Kamensk-Uralsky |
||
COUNTRY
|
Russia |
||
TELEPHONE
|
+(7 3439) 363 680 / +(7 3439) 363 040 / +(7 3439) 363 848 (Commercial Department) / +(7 3439) 363 730 (Sales
Department) +(7 8443) 551 726 / +(7 8443) 551 724
(Procurement Department) / +(7 3439) 363 796 / Fax: |
||
FAX
|
+(7 3439) 363 754 / +(7 3439) 363 680 |
||
VERIFIED EMAIL
|
inox@tmk-group.com /
gluhihis@sintz.ru /
hodchenkovav@sintz.ru / kondratoves@tmk-group.com /
shevaldinav@vtz.ru |
||
WEBSITE
|
www.tmk-group.ru /
www.tmk-inox.tmk-group.ru |
||
BUSINESS HOURS
|
DAYS |
OFFICE HOURS |
BREAK TIME |
|
Mon-Fri |
08:00-16:30 |
12:00-13:00 |
|
REGISTERED ADDRESS
|
Zavodskoy Proezd 1,
Sverdlovskaya Region, 623401 Kamensk-Uralsky, Russia |
||
SENIOR
PERSONNEL
|
||
MANAGEMENT
|
NAME |
POSITION |
|
Vyacheslav Alekseevich Gagarinov Nationality: Russian INN: 661210256260 |
General Director |
|
|
Aleksandr Viktorovich
Borshevskiy Igor Sergeevich Glukhih Aleksandr Vladimirovich
Khodchenkov Evgeniy Mikhailovich
Zaselskiy Evgeniy Sergeevich
Kondratov Aleksandr Vladimirovich Shevaldin Oleg Vyacheslavovich
Zakharov Denis Nikolaevich
Nesterov Denis Vladimirovich
Pleshakov Andrey Vyacheslavovich Ilichev |
Executive Director Commercial Director Head of Sales and Marketing
Department Technical Director Head of Export
Department Head of Procurement
Department Sales Manager HR Director Production Director Quality Director |
|
WORKFORCE
|
NO. OF EMPLOYEES |
PERIOD |
|
401 |
01.2018 |
|
|
45,000 (TMK Group) |
01.2016 |
|
FINANCIAL
SUMMARY
|
||
REVENUE
|
31/12/2016 |
31/12/2015 |
|
RUBLE 4,420,730,000 |
RUBLE 5,057,496,000 |
|
NET PROFIT /
(LOSS)
|
31/12/2016 |
31/12/2015 |
|
RUBLE (-113,949,000) |
RUBLE 32,436,000 |
|
FIXED ASSETS
|
RUBLE 1,848,845,000 as of 31/12/2016 |
|
STOCK/INVENTORIES
|
RUBLE 1,251,110,000 as of 31/12/2016 |
|
LEGAL
STATUS
|
||
INCORPORATION
|
28/12/2009 |
|
REGISTRATION
NO.
|
C.R. NUMBER |
ISSUED BY |
|
OGRN 1096612002519 |
Federal Tax Service |
|
OTHER REGISTRATION
NO.
|
INN 6612031510 (Tax Code) /
KPP 661201001 / OKPO 65052752 (Statistics Code) / OKTMO
65740000001 |
|
AUTHORISED
CAPITAL
|
AMOUNT |
CURRENCY |
|
2,650,010,000 |
RUBLE |
|
PAID-UP
CAPITAL
|
AMOUNT |
CURRENCY |
|
2,650,010,000 |
RUBLE |
|
LEGAL FORM
|
Limited Liability Company |
|
BUSINESS
HISTORY
|
The company was incorporated in Russia on 28 December 2009 as a joint
venture between OAO Rosnano and PAO Trubnaya Metallurgicheskaya Kompaniya
(PAO TMK). On 13 October 2015, subject’s shareholding structure changed to
the present. |
|
STATUS
|
Active |
|
SHAREHOLDERS
|
NAME |
PERCENTAGE |
|
1. PAO Sinarskiy Trubniy Zavod Zavodskoy Proezd 1, Sverdlovskaya Region 623401 Kamensk-Uralsky Russia Tel: +(7 3439) 363 999 Fax: +(7 3439) 363 791 E-mail: sinarsky@sintz.ru Est.: 27/05/1996 C.R. No. : OGRN
1026600931686 Tax Code: INN 6612000551 Capital: RUBLE 409,211,000 A member of TMK Group of Companies. 2. PAO Trubnaya Metallurgicheskaya Kompaniya Pokrovka Street 40/2A 105062 Moscow
Russia Tel: +(7 495) 775 7600
Fax: +(7 495) 775 7601
E-mail: tmk@tmk-group.com
Est.: 17/04/2001
C.R. No. : OGRN 1027739217758 Tax
Code: INN 7710373095
Capital: RUBLE 10,331,353,660
Shareholders: TMK Steel Limited – 68% PAO Bank VTB – 8% AO Rosnano – 5.48% Other legal entities – 19% Other minority shareholders – 0.01% Trubnaya Metallurgicheskaya Kompaniya PAO (TMK PAO or Pipe
Metallurgical Company PJSC) is a leading global manufacturer and supplier of steel
pipes for the oil and gas industry, operating 28 production sites in the
United States, Russia, Canada, Romania, Oman, UAE, and Kazakhstan and two
R&D centers in Russia and the United States. Headquarters – Moscow
(Russia), Houston (USA). TMK plants produce almost the entire range of
existing pipes used in the oil-and-gas sector, the chemical and petrochemical
industries, energy and machine-building, construction and municipal housing,
shipbuilding, aviation and aerospace, and agriculture. TMK pipes are manufactured from carbon, stainless, and heat and
cold-resistant steels, nickel alloys. TMK delivers its products along with an
extensive package of services in heat treating, protective coating, premium
connections threading, warehousing and pipe repairing. TMK’s global market
presence is supported by its extensive international distribution network.
Sales are made through TMK Trade House and a number of other distributors.
TMK supplies products to more than 80 countries around the world. In addition
to direct sales, the Company’s products are distributed by more than 100
official dealers in Russia and the CIS. TMK’s main markets are Russia, the
United States, the Middle East, Europe, North Africa, South and Southeast
Asia, and the CIS. |
99.9% 0.01% |
|
OPERATION
|
|
BANKERS
|
1. AO Gazprombank Alyuminievaya Street 11 Kamensk-Uralsky Russia Tel: +(7 343) 355 5858 Fax: +(7 343) 355 5858 SWIFT: GAZPRUMM BIK: 044525823 2. AO Alfa-Bank Pobedy Avenue 39A Kamensk-Uralsky
Russia Tel: +(7 495) 620 9191 SWIFT: ALFARUMM BIK: 044525593 3. PAO VTB Bank Leninskaya Sloboda Street 26 Moscow Russia
Telephone: +(7 800) 200 2326 4. PAO Sberbank Rossii Alyuminievaya Street 14 Kamensk-Uralsky
Russia Telephone: +(7 495) 957
5731 Fax : +(7 495) 747 4758 |
AUDITORS
|
Ernst & Young 77 Sadovnicheskaya
Embankment, bld. 1, Moscow, 115035 Russia Tel: +(7 495) 755 9700 E-mail: Moscow@ru.ey.com Ernst & Young is a
member of the Audit Chamber of Russia Self-Regulated Non-Profit Partnership and is
included in the reference copy of the register of auditors and audit organizations under
identification number 10201017420. |
ACTIVITY CODE
(NACE)
|
2420 - Manufacture of
tubes, pipes, hollow profiles and related fittings, of steel; |
LINE OF
BUSINESS
|
Manufacturers and exporters of cold-rolled,
hot-rolled, and welded stainless pipe and tube as well as electric welded stainless
steel pipes. It caters to oil production sector, metallurgic, engineering and
energetic industry. Subject’s products are widely applied in nuclear
power stations, petroleum, petrochemical, natural gas, shipbuilding, aviation
and spacecraft, automotive, pharmaceutical, food, decoration, and others
industries Annual production capacity: 6000 tons of
seamless stainless steel pipes. Certified ISO, DIN EN, ASTM, ASME, GOST. Subject’s partners
include: - The State Atomic
Energy Corporation ROSATOM; - JSC Gazprom; - United Aircraft
Corporation; - United Shipbuilding Corporation; - JSC Rosneft; - JSC Surgutneftegaz; - JSC Tatneft; - JSC Gazpromneft; - JSC Taneco; - JSC Lukoil; - JSC Atomenergomash; - Machine-Building Plant ZiO-Podolsk; - JSC Energomash(Belgorod)-BZEM; - Fuel Company of ROSATOM TVEL; - JSC Red Kotelschik; - JSC Power Machines; - JSC Cryogenmash; - JSC EuroChem; - JSC Sibur; - JSC Severstal; - MMC Norilsk Nickel; |
EXPORT TO
|
Germany, Italy, Switzerland,
China, Singapore, USA, Canada, South Africa, UAE, Kazakhstan, Uzbekistan,
Azerbaijan, Armenia, Estonia, Poland, Vietnam, Latvia, Ukraine and
Turkmenistan. |
IMPORT FROM
|
Europe and China. |
FACILITIES
|
Shared premises with PAO Sinarskiy Trubniy Zavod comprising administrative offices, a
manufacturing unit and storage facilities located at the heading address as
well as 2 branch offices located in Moscow and Volgograd Region. |
BRANCH OFFICES
|
1. Pokrovka Street 40/2A Moscow 105062 Russia Tel: +(7 495) 775 7600
ext. 2724 2. Volzhsky Pipie Plant Avtodoroga Street 7/6 Volzhskiy 404119 Russia Tel: +(7 844) 355 1724 |
RELATED COMPANIES
|
A member of TMK Group of Companies, which also includes the following
companies: 1. AO Volzhskiy Trubniy Zavod
Avtodoroga Street 7/6
Volzhskiy 404119
Russia Tel: +(7 844) 325 6902 2. PAO Severskiy Trubniy Zavod Vershinina Street 7 Polevskoy 623388 Sverdlov Region 3. PAO Taganrogskiy Metallurgicheskiy Zavod Zavodskaya Street 1 Taganrog 347928 Rostov Region 4. TOO TMK-Kaztrubprom Ruzheinikova Street 11 Uralsk 090005 Kazakhstan Tel: (+7 7112) 289 454 5. AO TMK-KPV
Vershinina Street 7
Polevskoy 623388
Sverdlov Region 6. TMK IPSCO (12 Plants) Oaks Dr., Houston, TX 77064 USA Tel: +(1 281) 949 1023 7. OFS International LLC USA 8. TMK-ARTROM S.A. Draganesti Street, No. 30, 230119, Slatina Romania Tel: +(40 249) 436 862 Fax: +(40 249) 434 330 E-mail:
office.slatina@tmk-artrom.eu 9. TMK-RESITA SA 36, Traian Lalescu Str.,
Resita, Caras-Severin, RO-320050 Romania Tel: +(40 255) 217 211 Fax: +(40 255) 211 883 Email: office.resita@tmk-artrom.eu 10.TMK Europe GmbH Immermannstr. 65 D 40210 Düsseldorf Germany Tel: +(49 211) 9134 8830 Fax: +(49 211) 1598 3882 Email: info@tmk-europe.eu 11.TMK Italia s.r.l. Piazza degli Affari, 12, 23900 Lecco, Italy Tel/Fax: +(39 0341) 365 151 E-mail:
info@tmk-italia.eu 12.TMK Industrial Solutions LLC Legacy Park Office Building 10940 West Sam Houston Pkwy
North Suite 325 Houston, TX 77064 USA Tel: +(7 346) 206 3790 13.TMK GIPI PO
Box 1831 Azaiba Postal Code 130 Sultanate of Oman 14.Threading & Mechanical Key Premium LLC 15.TMK Oilfield Services 16.OOO UK Sinarskaya 17.OOO STA 18.AO Sinarskaya TETS 19.JSC “TMK-CPW” Russia 20.JSC Orsky Machine
Building Plant Russia 21.IPSCO Tubulars Inc. USA 22.IPSCO Koppel
Tubulars, L.L.C. USA 23.IPSCO Tubulars (KY)
Inc. USA 24.IPSCO Tubulars (OK)
Incorporated USA 25.Ultra Premium
Oilfield Services, Ltd. USA 26.TMK Gulf
International Pipe Industry L.L.C Oman 27.Truboplast Pipe
Coating Company Russia 28.TMK
NGS-Nizhnevartovsk Russia 29.LLC TMK NGS – Buzuluk Russia 30.TMK Completions LTD Canada 31.JSC “Trade House
“TMK” Russia 32.TMK IPSCO Canada,
Ltd. Canada 33.TMK M.E. FZCO UAE 34.LLP “TMK-Kazakhstan” Kazakhstan 35.TMK Global S.A. Switzerland 36.The Russian Research
Institute of the Tube & Pipe Industries, Joint Stock Company Russia 37.TMK R&D Russia |
FINANCIAL
INFORMATION
|
||
CURRENCY
|
RUBLE |
|
PERIOD
|
31/12/2016 |
31/12/2015 |
CURRENT ASSETS
|
3,174,375,000 |
1,935,254,000 |
STOCK/INVENTORIES
|
1,251,110,000 |
1,252,289,000 |
NON-CURRENT
ASSETS
|
1,925,601,000 |
1,965,883,000 |
CURRENT
LIABILITIES
|
2,448,339,000 |
1,127,669,000 |
NON-CURRENT
LIABILITIES
|
32,100,000 |
39,982,000 |
EQUITY
|
2,619,537,000 |
2,733,486,000 |
BALANCE TOTAL
|
5,099,976,000 |
3,901,137,000 |
REVENUE
|
4,420,730,000 |
5,057,496,000 |
NET PROFIT / LOSS
|
-113,949,000 |
32,436,000 |
NOTES
|
Balance sheets as at 31 December 2016 showed :
31/12/2016 31/12/2015 (in
RUBLE) ASSETS Non-current assets Intangible assets 15,590,000 17,740,000 Fixed assets 1,848,845,000 1,896,820,000 Deferred tax assets 55,326,000 40,135,000 Other non-current assets 1,759,000 8,928,000 Total non-current assets 1,925,601,000 1,965,883,000 Current assets Stock 1,251,110,000 1,252,289,000 Value added tax on purchased valuables 9,063,000 8,196,000 Trade receivables 1,891,716,000 623,202,000 Cash equivalents 22,360,000 51,087,000 Other current assets 126,000 480,000 Total current assets 3,174,375,000 1,935,254,000 TOTAL ASSETS 5,099,976,000 3,901,137,000 EQUITY & LIABILITIES Share capital 2,650,010,000 2,650,010,000 Added capital 10,166,000 10,166,000 Retained earnings -40,639,000 73,310,000 Total Equity 2,619,537,000 2,733,486,000 Total long-term liabilities 32,100,000 39,982,000 Short-term liabilities Accounts payable 2,440,555,000 1,119,895,000 Deferred income 5,365,000 5,716,000 Total Short-term Liabilities 2,448,339,000 1,127,669,000 TOTAL EQUITY & LIABILITIES
5,099,976,000 3,901,137,000 INCOME STATEMENT Revenue
4,420,730,000 5,057,496,000 Cost of Sales 4,411,804,000 4,885,198,000 Gross Profit 8,926,000 172,298,000 Commercial expenses 94,792,000 65,513,000 Administrative expenses 62,974,000 80,469,000 Profit(loss) from sales -148,840,000 26,316,000 Other income and expenses Interest income 1,185,000 4,655,000 Other income 158,512,000 149,883,000 Other expenses 144,189,000 155,512,000 Profit(loss) before taxation -133,332,000 25,342,000 Change in deferred tax assets 14,065,000 -13,996,000 Change in deferred tax liabilities -7,363,000 -3,841,000 Net Profit(loss)
-113,949,000 32,436,000 The following consolidated balance sheets as at 31 December 2016
applies to subject’s ultimate parent company, PAO Trubnaya Metallurgicheskaya
Kompaniya (PAO TMK): 31/12/2016 31/12/2015 (in thousands of USD) ASSETS Current assets Cash and cash equivalents
276,613 305,205 Trade and other receivables 688,987 511,720 Inventories 768,691 784,552 Prepayments and input VAT 94,190
97,090 Prepaid income taxes
12,461 15,915 Other
financial assets 42,392 172 1,883,334 1,714,654 Non-current assets Investments in
associates 1,099 1,033 Property, plant and equipment 2,297,537 2,121,542 Goodwill 62,883 83,189 Intangible assets 228,654 277,821 Deferred tax asset 203,382 185,497 Other non-current assets 59,011 27,907 2,852,566 2,696,989 TOTAL ASSETS 4,735,900 4,411,643 LIABILITIES AND EQUITY
Current liabilities Trade and other
payables 585,427 541,949 Advances from customers 149,556 139,720 Provisions and accruals 37,452 32,314 Interest-bearing loans and borrowings 261,559 591,262 Finance lease liability 6,230 8,558 Income tax payable 10,452 8,580 Other liabilities - 122 1,050,676 1,322,505 Non-current
liabilities Interest-bearing loans
and borrowings 2,595,546 2,163,454 Finance lease liability 54,494 37,914 Deferred tax liability 89,831 109,564 Provisions and accruals 21,228 20,694 Employee benefits liability 21,579 17,665 Other liabilities 3,798
25,205 2,786,476 2,374,496 Total liabilities 3,837,152 3,697,001 Equity 28 Parent shareholders’ equity Share capital 342,869 336,448 Treasury shares (592) (592) Additional paid-in capital 234,655 257,222 Reserve capital 17,178 16,390 Retained earnings 1,237,758 1,103,479 Foreign currency translation
reserve (999,416) (1,062,092) Other reserves 11,565 10,842 844,017 661,697 Non-controlling
interests 54,731 52,945 Total equity 898,748 714,642 TOTAL LIABILITIES AND EQUITY 4,735,900 4,411,643 CONSOLIDATED INCOME STATEMENT Revenue 3,337,990 4,126,660 Cost of sales (2,634,358) (3,282,113) Gross profit 703,632 844,547 Selling and distribution expenses (220,403) (260,288) Advertising and promotion expenses (5,745) (7,945) General and administrative expenses (196,040) (206,960) Research and development expenses (10,693) (13,261) Other operating income/(expenses) (4,180) (35,264) Operating profit 266,571 320,829 Impairment of goodwill (3,271) (328,082) Impairment of property, plant and
equipment - (23,834) Foreign exchange gain/(loss), net 129,927 (140,778) Finance costs (273,499) (278,592) Finance income 10,907 9,803 Gain/(loss) on changes in fair value of
derivative financial
instruments 9,195 (2,397) Share of profit/(loss) of associates (93) 85 Other non-operating income/(expenses) 29,421 – Profit/(loss) before
tax 169,158 (442,966) Income tax benefit/(expense) (3,539) 74,957 Profit/(loss) for the period 165,619 (368,009) |
|
PAYMENT
|
||
|
|
RUBLE |
130,000,000 (higher
amounts may be considered with assurances from the parent company) |
FINANCIAL
STRENGTH
|
Normal |
|
SPECIAL
REMARKS
|
|
INTERVIEWED
|
Igor Sergeevich Glukhih (Commercial Director). |
COMMENTS
|
You enquired on: TMK
INOX. Please note that subject is also known by this name. Subject's correct
registered name is as per heading. The address which you
provided: VOLZHSKY PIPIE PLANT,
AVTODOROGA 7 BLDG 6 VALZHSKY VOLGOGRAD OBLAST POST CODE 404119 applies to
subject's branch office address. Please note that subject's administrative
office address is as per heading. |
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
INR 63.64 |
|
|
1 |
INR 89.32 |
|
Euro |
1 |
INR 78.45 |
|
RUB |
1 |
INR 1.14 |
Note :
Above are approximate rates obtained from sources believed to be correct
INFORMATION DETAILS
|
Analysis Done by
: |
PRA |
|
|
|
|
Report Prepared
by : |
KET |
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.