|
|
|
MIRA
INFORM REPORT
|
Report No. : |
494861 |
|
Report Date : |
06.03.2018 |
IDENTIFICATION DETAILS
|
Name : |
SOFIA MED JSC |
|
|
|
|
Registered Office : |
Kv. Gara Iskar Ul. Dimitar Peshev 4, 1528 Sofia |
|
|
|
|
Country : |
Bulgaria |
|
|
|
|
Financials (as on) : |
31.12.2016 |
|
|
|
|
Date of Incorporation : |
1999 |
|
|
|
|
Legal Form : |
Joint Stock
Company (AD) |
|
|
|
|
Line of Business : |
·
Copper production ·
Production of a wide range of rolled and extruded
copper, copper alloy and zinc products such as sheets, strips, plates,
circles, disks, bus bars, rods, profiles, wire that are used in a wide
variety of applications. |
|
|
|
|
No. of Employees : |
593 [2017] |
RATING & COMMENTS
(Mira Inform has adopted New Rating mechanism w.e.f. 23rd
January 2017)
|
MIRA’s Rating : |
B |
|
Credit Rating |
Explanation |
Rating Comments |
|
B |
Medium Risk |
Business dealings permissible on a regular
monitoring basis |
|
Status : |
Moderate |
|
|
|
|
Payment Behaviour : |
Slow |
|
|
|
|
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) |
|
Bulgaria |
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 |
BULGARIA - ECONOMIC OVERVIEW
Bulgaria, a former communist country that entered the EU in 2007, has an open economy that historically has demonstrated strong growth, but its per-capita income remains the lowest among EU members and its reliance on energy imports and foreign demand for its exports makes its growth sensitive to external market conditions.
The government undertook significant structural economic reforms in the 1990s to move the economy from a centralized, planned economy to a more liberal, market-driven economy. These reforms included privatization of state-owned enterprises, liberalization of trade, and strengthening of the tax system - changes that initially caused some economic hardships but later helped to attract investment, spur growth, and make gradual improvements to living conditions. From 2000 through 2008, Bulgaria maintained robust, average annual real GDP growth in excess of 6%, which was followed by a deep recession in 2009 as the financial crisis caused domestic demand, exports, capital inflows and industrial production to contract, prompting the government to rein in spending. Real GDP growth remained slow - less than 2% annually - until 2015, when demand from EU countries for Bulgarian exports, plus an inflow of EU development funds, boosted growth to more than 3%. In recent years, strong domestic demand combined with low international energy prices have contributed to Bulgaria’s economic growth approaching 4% and have also helped to ease inflation which turned positive in 2017. Bulgaria’s prudent public financial management contributed to a balanced budget in 2016 and a near-balanced budget for 2017.
Bulgaria is heavily reliant on energy imports from Russia, a potential vulnerability, and is a participant in EU-backed efforts to diversify regional natural gas supplies. In late 2016, the Bulgarian Government provided funding to Bulgaria’s National Electric Company to cover the $695 million compensation owed to Russian nuclear equipment manufacturer Atomstroyexport for the cancellation of the Belene Nuclear Power Plant project, which the Bulgarian Government terminated in 2012. The natural gas market, however, continues to be dominated by state-owned Bulgargaz, which is almost entirely supplied by Russia. Infrastructure projects such as the Inter-Connector Greece-Bulgaria and Inter-Connector Bulgaria-Serbia, which would enable Bulgaria to have access to non-Russian gas, have either stalled or made limited progress. In 2016, the Bulgarian Government established the State eGovernment Agency. This new agency is responsible for the implementation of projects related to electronic governance as well as coordination of national policies in this area with the EU requirements and practices, as well as to strengthen cybersecurity.
Despite a favorable investment regime, including low, flat corporate income taxes, significant challenges remain. Corruption in public administration, a weak judiciary, low productivity, and the presence of organized crime continue to hamper the country's investment climate and economic prospects.
|
Source
: CIA |
COMPANY DETAILS
Local name: SOFIYA MED AD
International name: SOFIA MED JSC
Registered address:
KV. GARA ISKAR UL.
DIMITAR PESHEV 4
1528 SOFIA
Bulgaria
Telephone: +359-2-9606350, +359-2-9606209, +359-2-9606327
Fax: +359-2-9606393
E-Mail: info@sofiamed.bg
Internet: http://www.sofiamed.bg
ESTABLISHMENT & REGISTRATION:
Established: 1999
Registered at Sofia Town Court
Court number 14556/1999
Bulstat/VAT number: 130144438
Status of the company:
Active
HISTORY:
On 6.1.2017 the
capital of the company was decreased from BGN 202100070 to BGN 103514670
LEGAL FORM:
Joint Stock
Company (AD)
REGISTERED CAPITAL:
BGN 103 514 670.00
BANKERS:
United Bulgarian
Bank AD
SHAREHOLDERS/MANAGEMENT
SHAREHOLDERS:
|
HALCOR S.A. - METAL WORKS (Greece) |
96.29% |
|
|
VIOHALCO S.A. (Belgium) |
ID 0534941439 |
3.71% |
MANAGEMENT:
|
Name |
ID |
Function |
Nationality |
|
ANGEL PETROV GANEV |
3206016305 |
Representative |
Bulgaria |
|
EFSTRATIOS EVANGELOS STRATIGIS, date of
birth 17.7.1933 |
Representative |
Greece |
|
|
HARALAMPOS VLAHUTSIKUS, date of birth
3.10.1931 |
Representative |
Greece |
|
|
LIDIYA ATANASOVA GERDJIKOVA |
5604236736 |
Representative |
Bulgaria |
|
STILIANOS TEODOSIU, date of birth 5.1.1941
|
Representative |
Greece |
|
|
YOANIS PAPADIMITRIU, date of birth
9.4.1957 |
Representative |
Greece |
|
|
ANGEL PETROV GANEV |
3206016305 |
Board of Directors |
Bulgaria |
|
ATANASIOS YOANIS ATANASOPULOS, date of
birth 1.1.1941 |
Board of Directors |
Greece |
|
|
DIMITRIOS DIMITRIADIS, date of birth
28.9.1955 |
Board of Directors |
Greece |
|
|
EFSTRATIOS EVANGELOS STRATIGIS, date of
birth 17.7.1933 |
Board of Directors |
Greece |
|
|
HARALAMPOS VLAHUTSIKUS, date of birth
3.10.1931 |
Board of Directors |
Greece |
|
|
LIDIYA ATANASOVA GERDJIKOVA |
5604236736 |
Board of Directors |
Bulgaria |
|
PERIKLIS SAPUNDZIS, date of birth
23.2.1963 |
Board of Directors |
Greece |
|
|
STILIANOS TEODOSIU, date of birth 5.1.1941
|
Board of Directors |
Greece |
|
|
YOANIS PAPADIMITRIU, date of birth
9.4.1957 |
Board of Directors |
Greece |
Comments on management:
The company is
represented by any of two of the six representatives TOGETHER!
RELATED COMPANIES:
The company
belongs to the Greek group VIOHALCO.
BUSINESS ACTIVITY
BUSINESS OPERATION:
NACE 1.1: 27.44
Copper production
Activity:
Production of a
wide range of rolled and extruded copper, copper alloy and zinc products such
as sheets, strips, plates, circles, disks, bus bars, rods, profiles, wire that
are used in a wide variety of applications.
NUMBER OF EMPLOYEES:
|
As at date |
Value |
|
31.12.2006 |
483 |
|
31.12.2007 |
495 |
|
31.12.2008 |
507 |
|
31.12.2009 |
454 |
|
31.12.2010 |
461 |
|
07.09.2011 |
454 |
|
31.12.2011 |
510 |
|
05.11.2012 |
558 |
|
24.11.2013 |
600 |
|
31.12.2013 |
599 |
|
31.12.2014 |
577 |
|
31.12.2015 |
557 |
|
31.12.2016 |
569 |
|
31.12.2017 |
593 |
EXPORT:
EU, United Arab
Emirates, Syria, China
IMPORT:
EU, USA
REAL ESTATE:
Own premises.
FINANCIAL DATA
TURNOVER:
|
Year |
Currency |
Value |
|
2000 |
BGN |
1 028 000.00 |
|
2001 |
BGN |
14 230 000.00 |
|
2002 |
BGN |
24 533 000.00 |
|
2003 |
BGN |
32 701 000.00 |
|
2004 |
BGN |
89 345 000.00 |
|
2005 |
BGN |
288 272 000.00 |
|
2006 |
BGN |
654 199 000.00 |
|
2007 |
BGN |
676 466 000.00 |
|
2008 |
BGN |
618 973 000.00 |
|
2009 |
BGN |
267 567 000.00 |
|
2010 |
BGN |
498 577 000.00 |
|
2011 |
BGN |
650 878 000.00 |
|
2012 |
BGN |
703 833 000.00 |
|
2013 |
BGN |
681 587 000.00 |
|
2014 |
BGN |
644 844 000.00 |
|
2015 |
BGN |
597 274 000.00 |
|
2016 |
BGN |
563 577 000.00 |
MODES OF PAYMENT:
Slow
DEBT COLLECTION:
No debt collection
cases are registered against the company.
BANK DISTRAINTS:
No shares of the
company are under bank distraint.
UNPAID TAXES/ CONTRIBUTIONS TO GOVERNMENT:
There is no
publication about overdue unpaid taxes.
INVOLVEMENT IN LEGAL DISPUTES:
There is no
publication about legal claims or disputes against the company.
OTHER PAYMENT INFORMATION:
No adverse payment
information is available.
BRANCH INDICATOR:
The company's
payment behaviour is average for the branch.
|
Ratio |
2013 |
2014 |
2015 |
2016 |
|
Accounting
period: |
1.1.2013 - |
1.1.2014 - |
1.1.2015 - |
1.1.2016 - |
|
Debt ratio |
0.58 |
0.59 |
0.62 |
0.60 |
|
Quick ratio |
1.31 |
0.52 |
0.49 |
0.62 |
|
Current ratio |
2.68 |
1.82 |
1.56 |
1.40 |
|
Days purchase in payables |
32.66 |
44.12 |
59.29 |
70.98 |
|
Operating margin in % |
0.00 |
0.00 |
0.00 |
0.00 |
|
Cash ratio (acid ratio) |
0.79 |
1.00 |
0.04 |
0.26 |
|
Return on sales ROS in % |
0.00 |
0.00 |
0.00 |
0.00 |
|
Return on assets ROA in % |
0.00 |
0.00 |
0.00 |
0.00 |
|
Return on equity ROE in % |
0.00 |
0.00 |
0.00 |
0.00 |
|
Days supply in inventory |
44.75 |
57.45 |
63.49 |
55.32 |
|
Days sales in receivables |
16.92 |
17.99 |
26.75 |
25.03 |
|
BALANCE SHEET in
BGN'000 |
2013 |
2014 |
2015 |
2016 |
|
Accounting
period: |
1.1.2013 - |
1.1.2014 - |
1.1.2015 - |
1.1.2016 - |
|
A. UNPAID
CAPITAL |
|
|
|
|
|
B. FIXED ASSETS |
|
|
|
|
|
I. Fixed
Intangible Assets: |
|
|
|
|
|
R&D Products |
|
|
|
|
|
Concessions, patents, trade-marks etc |
1401 |
2682 |
2053 |
1245 |
|
Goodwill |
|
|
|
|
|
Intangible fixed assets under construction |
1014 |
|
|
|
|
thereof advances |
48 |
|
|
|
|
Total I |
2415 |
2682 |
2053 |
1245 |
|
II. Fixed
Tangible Assets |
|
|
|
|
|
Land and Buildings |
99934 |
97052 |
94188 |
91842 |
|
thereof Land |
61971 |
61971 |
61988 |
61989 |
|
thereof Buildings |
37963 |
35081 |
32200 |
29853 |
|
Machines, Vehicles |
163705 |
178808 |
167934 |
163663 |
|
Equipment |
|
|
|
894 |
|
Tangible fixed assets under construction |
5809 |
3051 |
5933 |
4376 |
|
thereof advances |
2840 |
1410 |
598 |
609 |
|
Total II. |
269448 |
278911 |
268055 |
260775 |
|
III. Fixed
Financial Assets |
|
|
|
|
|
Shares in group companies |
|
|
|
|
|
Loans granted to group companies |
|
|
|
|
|
Shares in joint ventures |
|
|
|
|
|
Long term investments |
|
|
|
|
|
Other loans |
|
|
|
|
|
Bought back own shares |
|
|
|
|
|
Total III. |
|
|
|
|
|
IV. Deferred
Taxes |
3047 |
3238 |
7055 |
7200 |
|
B. FIXED ASSETS
TOTAL |
274910 |
284831 |
277163 |
269220 |
|
C. CURRENT
ASSETS |
|
|
|
|
|
I. Inventories |
|
|
|
|
|
Raw Materials |
20709 |
23304 |
24597 |
24416 |
|
Work in progress |
36587 |
51297 |
42238 |
37264 |
|
thereof young animals |
|
|
|
|
|
Trading goods |
26646 |
24663 |
26610 |
24227 |
|
thereof production |
26007 |
23831 |
26018 |
23773 |
|
thereof goods for sale |
639 |
832 |
592 |
454 |
|
Advances |
192 |
245 |
9627 |
356 |
|
Total I. |
84134 |
99509 |
103072 |
86263 |
|
II. Receivables |
|
|
|
|
|
Receivables from customers |
21177 |
20796 |
22175 |
15812 |
|
thereof more than 1 year |
|
|
|
|
|
Receivables from group companies |
709 |
5526 |
16236 |
9734 |
|
thereof more than 1 year |
|
|
|
|
|
Receivables from joint ventures |
|
|
|
|
|
thereof more than 1 year |
|
|
|
|
|
Other receivables |
9922 |
4843 |
5021 |
13487 |
|
thereof more than 1 year |
|
|
|
|
|
Total II. |
31808 |
31165 |
43432 |
39033 |
|
III. Current
Financial Assets |
|
|
|
|
|
Current investments in related companies |
|
|
|
|
|
Bought back own shares |
|
|
|
|
|
Other current financial assets |
|
|
|
|
|
Total III. |
|
|
|
|
|
IV. Cash
equivalents |
|
|
|
|
|
Cash and accounts in the country |
48388 |
8620 |
3636 |
29218 |
|
thereof cash |
9 |
3 |
7 |
5 |
|
Thereof cash in foreign currency
(equivalent) |
7 |
8617 |
|
|
|
thereof current accounts |
1621 |
|
3629 |
29213 |
|
thereof blocked accounts |
46751 |
|
|
|
|
thereof cash equivalents |
|
|
|
|
|
Cash and accounts abroad |
|
|
|
|
|
thereof cash |
|
|
|
|
|
Thereof cash in foreign currency
(equivalent) |
|
|
|
|
|
thereof current accounts |
|
|
|
|
|
thereof blocked accounts |
|
|
|
|
|
Total IV. |
48388 |
8620 |
3636 |
29218 |
|
C. CURRENT
ASSETS TOTAL |
164330 |
139294 |
150140 |
154514 |
|
D. Deferred
expenses |
|
|
|
|
|
TOTAL ASSETS |
439240 |
424125 |
427303 |
423734 |
|
A. OWNERS EQUITY
|
|
|
|
|
|
I. Share capital
|
180157 |
180157 |
194606 |
103515 |
|
II. Issue
premium |
44491 |
44491 |
49601 |
|
|
III. Revaluation
reserves |
91087 |
100644 |
97585 |
101248 |
|
thereof revaluation reserves of financial
instruments |
235 |
577 |
-2483 |
1181 |
|
IV. Reserves |
|
|
|
|
|
legal reserves |
|
|
|
|
|
reserve related to bought back own shares |
|
|
|
|
|
reserve from company foundation |
|
|
|
|
|
other reserves |
|
|
|
|
|
Total IV. |
|
|
|
|
|
V. Result from
previous period |
|
|
|
|
|
Undistributed profit |
7 |
7 |
7 |
|
|
Uncovered loss |
-103846 |
-130914 |
-153903 |
-35096 |
|
Total V. |
-103839 |
-130907 |
-153896 |
-35096 |
|
VI. Current
result profit (loss) |
-27068 |
-22806 |
-31240 |
-4583 |
|
A. OWNERS EQUITY
TOTAL |
184828 |
171579 |
156656 |
165084 |
|
B. PROVISIONS |
|
|
|
|
|
Provisions for pensions |
389 |
352 |
547 |
1059 |
|
Provisions for taxes |
|
|
|
|
|
thereof deferred taxes |
|
|
|
|
|
Other provisions |
|
|
|
|
|
B. PROVISIONS
TOTAL |
389 |
352 |
547 |
1059 |
|
C. LIABILITIES |
|
|
|
|
|
Bond-backed loans |
|
|
|
|
|
less than 1 year |
|
|
|
|
|
more than 1 year |
|
|
|
|
|
Bank loans |
193352 |
193599 |
208912 |
176306 |
|
less than 1 year |
738 |
17832 |
38223 |
32455 |
|
more than 1 year |
192614 |
175767 |
170689 |
143851 |
|
Advances received |
530 |
854 |
4641 |
1309 |
|
less than 1 year |
530 |
854 |
4641 |
1309 |
|
more than 1 year |
|
|
|
|
|
Payables to suppliers |
4501 |
13305 |
8010 |
22775 |
|
less than 1 year |
4501 |
13305 |
8010 |
22775 |
|
more than 1 year |
|
|
|
|
|
Liabilities on policies |
|
|
|
|
|
less than 1 year |
|
|
|
|
|
more than 1 year |
|
|
|
|
|
Liabilities to group companies |
53280 |
42150 |
40794 |
51144 |
|
less than 1 year |
53280 |
42150 |
40794 |
51144 |
|
more than 1 year |
|
|
|
|
|
Liabilities to joint-venture companies |
|
|
|
|
|
less than 1 year |
|
|
|
|
|
more than 1 year |
|
|
|
|
|
Other liabilities |
2360 |
2286 |
4579 |
3002 |
|
less than 1 year |
2360 |
2286 |
4579 |
3002 |
|
more than 1 year |
|
|
|
|
|
thereof to personnel |
950 |
939 |
842 |
981 |
|
less than 1 year |
950 |
939 |
842 |
981 |
|
more than 1 year |
|
|
|
|
|
thereof to social insurance |
399 |
360 |
372 |
461 |
|
less than 1 year |
399 |
360 |
372 |
461 |
|
more than 1 year |
|
|
|
|
|
thereof for taxes |
415 |
325 |
373 |
410 |
|
less than 1 year |
415 |
325 |
373 |
410 |
|
more than 1 year |
|
|
|
|
|
C. LIABILITIES TOTAL |
254023 |
252194 |
266936 |
254536 |
|
less than 1 year |
61409 |
76427 |
96247 |
110685 |
|
more than 1 year |
192614 |
175767 |
170689 |
143851 |
|
D. FINANCING AND
DEFERRED INCOME |
|
|
3164 |
3055 |
|
thereof |
|
|
|
|
|
Financing |
|
|
3164 |
3055 |
|
Deferred income |
|
|
|
|
|
TOTAL EQUITY AND
LIABILITIES |
439240 |
424125 |
427303 |
423734 |
|
P&L ACCOUNT
in BGN'000 |
2013 |
2014 |
2015 |
2016 |
|
Accounting
period: |
1.1.2013 - |
1.1.2014 - |
1.1.2015 - |
1.1.2016 - |
|
A. EXPENSES |
|
|
|
|
|
I. OPERATION
EXPENSES |
|
|
|
|
|
Decrease of inventories |
24356 |
|
|
8575 |
|
thereof for materials |
603166 |
587735 |
538284 |
487890 |
|
thereof for services |
23541 |
22274 |
19258 |
20403 |
|
Personnel expenses |
17639 |
17107 |
16883 |
17886 |
|
thereof wages |
14125 |
13890 |
13632 |
14283 |
|
thereof social insurance |
3514 |
3217 |
3251 |
3603 |
|
thereof pensions |
2105 |
2103 |
2119 |
2194 |
|
Depreciation |
20626 |
18841 |
32204 |
15251 |
|
thereof Depreciation of fixed assets |
17510 |
18785 |
21255 |
15251 |
|
Other expenses |
7132 |
5133 |
8775 |
4961 |
|
thereof Book value of sold assets (without
production) |
5252 |
3951 |
5486 |
4961 |
|
I. OPERATION
EXPENSES TOTAL |
696460 |
651090 |
615404 |
554966 |
|
II. Financial
expenditures |
|
|
|
|
|
Depreciation of financial assets |
3818 |
3990 |
8499 |
6152 |
|
thereof exchange rate losses |
3818 |
3990 |
8499 |
6152 |
|
Paid interest |
14141 |
20560 |
21108 |
15911 |
|
thereof interest to group companies |
|
|
|
|
|
Thereof expenditures for securities
operations |
434 |
4599 |
4869 |
1149 |
|
II. Financial
expenditures Total |
17959 |
24550 |
29607 |
22063 |
|
B. Profit on
ordinary activity |
|
|
|
|
|
III.
Extraordinary expenses |
|
|
|
|
|
thereof expenses on disasters and emergency
expenses |
|
|
|
|
|
C. Total
expenses (I+II+III) |
714419 |
675640 |
645011 |
577029 |
|
D. Accounting
profit |
|
|
|
|
|
IV. Taxation on
profit |
|
|
|
|
|
V. Other taxes |
-202 |
-1254 |
-3457 |
-504 |
|
E. Net profit |
|
|
|
|
|
Total expenses |
714217 |
674386 |
641554 |
576525 |
|
A. REVENUES |
|
|
|
|
|
I. OPERATING
REVENUES |
|
|
|
|
|
Net sales |
676855 |
623604 |
584425 |
561359 |
|
Production |
670094 |
618322 |
577433 |
555732 |
|
Goods |
5682 |
4254 |
5848 |
3848 |
|
Services |
1079 |
1028 |
1144 |
1779 |
|
Increase of production and work in
progress |
|
18054 |
10597 |
|
|
Expenses on acquisition of assets |
3306 |
3068 |
1447 |
1194 |
|
Other revenues |
1426 |
118 |
805 |
1024 |
|
thereof financing |
|
|
141 |
109 |
|
I. TOTAL
OPERATING REVENUES |
681587 |
644844 |
597274 |
563577 |
|
II. FINANCIAL
REVENUES |
|
|
|
|
|
Income from shares |
|
|
|
|
|
thereof income from shares in group
companies |
|
|
|
|
|
Income from investments and loans |
|
|
|
|
|
thereof from investments in group
companies |
|
|
|
|
|
Income from interest |
5562 |
6736 |
13040 |
8365 |
|
thereof from interest from group companies |
|
|
|
|
|
II FINANCIAL
REVENUES TOTAL |
5562 |
6736 |
13040 |
8365 |
|
TOTAL REVENUES
FROM ORDINARY ACTIVITIES |
687149 |
651580 |
610314 |
571942 |
|
LOSS |
27270 |
24060 |
34697 |
5087 |
|
Extraordinary revenues |
|
|
|
|
|
AFTER TAX LOSS |
27068 |
22806 |
31240 |
4583 |
|
TOTAL REVENUES |
714217 |
674386 |
641554 |
576525 |
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
INR 65.05 |
|
|
1 |
INR 89.70 |
|
Euro |
1 |
INR 80.03 |
|
BGN |
1 |
INR 41.02 |
Note :
Above are approximate rates obtained from sources believed to be correct
INFORMATION DETAILS
|
Analysis Done by
: |
PRI |
|
|
|
|
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.