|
|
|
MIRA
INFORM REPORT
|
Report No. : |
508374 |
|
Report Date : |
15.05.2018 |
IDENTIFICATION DETAILS
|
Name : |
SALEO LLC - HOLDING
MANAGING COMPANY |
|
|
|
|
Registered Office : |
Fominykh Street 6, 222720, Dzerzhinsk |
|
|
|
|
Country : |
Belarus |
|
|
|
|
Financials (as on) : |
31.12.2017 (Summarized) |
|
|
|
|
Year of Establishment : |
1997 |
|
|
|
|
Com. Reg. No.: |
101379279 |
|
|
|
|
Legal Form : |
Limited Liability Company |
|
|
|
|
Line of Business : |
· Subject is engaged in Manufacturers of hydraulic & plastic components and fittings. · Trading as suppliers of road construction, municipal, forestry and special equipment. |
|
|
|
|
No. of Employees : |
212 |
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) |
|
Belarus |
B2 |
B2 |
|
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 |
BELARUS - ECONOMIC OVERVIEW
As part of the former Soviet Union, Belarus had a relatively well-developed, though aging industrial base; it retained this industrial base - which is now outdated, energy inefficient, and dependent on subsidized Russian energy and preferential access to Russian markets - following the breakup of the USSR. The country also has a broad agricultural base which is largely inefficient and dependent on government subsidies. After an initial burst of capitalist reform between 1991 and 1994, including privatization of smaller state enterprises and some service sector businesses, creation of institutions of private property, and development of entrepreneurship, Belarus' economic development greatly slowed. About 80% of all industry remains in state hands, and non-Russian foreign investment has been hindered by a reluctance to welcome private investment absent joint ownership or affiliation with the state. A few businesses, which had been privatized after independence, were renationalized. State banks account for 75% of the banking sector.
Economic output declined for several years following the collapse of the Soviet Union, but revived in the mid-2000s due to the boom in oil prices. Belarus has only small reserves of crude oil, though it imports most of its crude oil and natural gas from Russia at prices substantially below world market prices. Belarus then derives export revenue by refining Russian crude and selling it at market prices. In late 2006, Russia began a process of rolling back its subsidies on oil and gas exports to Belarus. Several times since, Russia and Belarus have had serious disagreements over the level and price of Russian energy supplies. At one point in 2010, Russia stopped the export of all subsidized oil to Belarus save for domestic needs before the two countries reached a deal to restart the export of discounted oil to Belarus. Beginning in early 2016, Russia claimed Belarus began accumulating debt – reaching $740 million by April 2017 – for paying below an agreed price for Russian natural gas. Russia decided to reduce its export of crude oil as a result of the debt. In April 2017, Belarus agreed to pay its gas debt and Russia restored the flow of crude. The agreement paved the way for resumption of cheap energy imports and financial assistance from the Eurasian Fund for Stabilization and Development.
New non-Russian foreign investment has been limited in recent years. In 2011, a financial crisis began, triggered by government-directed salary hikes, compounded by an increased cost in Russian energy inputs and an overvalued Belarusian ruble that lead to a nearly three-fold devaluation of the Belarusian ruble. In November 2011, Belarus agreed to sell to Russia its remaining shares of Beltransgaz, the Belarusian natural gas pipeline operator, in exchange for reduced prices for Russian natural gas. The situation stabilized in 2012, after Belarus received part of a $3 billion loan from the Russian-dominated Eurasian Economic Community Bailout Fund, a $1 billion loan from the Russian state-owned bank Sberbank, and $2.5 billion from the sale of Beltransgaz to Russian state-owned Gazprom; nevertheless, the Belarusian currency lost more than 60% of its value, as inflation reached new highs in 2011 and 2012, before calming in 2013. In December 2013, Russia announced a new loan for Belarus of up to $2 billion for 2014. Notwithstanding foreign assistance, the Belarusian economy continued to struggle under the weight of high external debt servicing payments and trade deficit. In mid-December 2014, structural economic shortcomings were aggravated by the devaluation of the Russian ruble, which triggered a near 40% devaluation of the Belarusian ruble.
Belarus’s economy stagnated between 2012 and 2016, which led to widening productivity and income gaps between Belarus and neighboring countries. Since 2015, the Belarusian government has tightened its macro-economic policies, allowed more flexibility to its exchange rate, taken steps towards price liberalization, and reduced subsidized government lending to state-owned industrial and agricultural enterprises, amid a drop in state budget revenues that resulted from falling global prices on key Belarusian export commodities - petroleum products and potash fertilizer. Belarus returned to weak growth in 2017, largely driven by improvement of external conditions that allowed for growth in its manufacturing sector. Belarus also issued sovereign debt for the first time since 2011 for $1.4 billion in June 2017, which provided the country with badly-needed liquidity.
|
Source
: CIA |
Company name and address
|
COMMERCIAL
NAME |
Saleo LLC - Holding Managing
Company |
|||
|
"САЛЕО"-
управляющая
компания
холдинга OOO |
||||
|
STREET |
Fominykh Street 6 |
|||
|
P.O.
BOX |
222720 |
|||
|
TOWN |
Dzerzhinsk |
|||
|
COUNTRY |
Belarus |
|||
|
TELEPHONE |
(375 1716) 55791 |
|||
|
FAX |
(375 1716) 56797 |
|||
|
E-MAIL |
||||
|
WEBSITE |
||||
|
ACTIVITIES |
Manufacturers of hydraulic & plastic components and
fittings. Trading as suppliers of road
construction, municipal, forestry and special equipment. |
|||
|
EXECUTIVE |
Nikolay Nikandrovich Kosten |
General Manager |
||
|
WORKFORCE |
212 |
11/05/2018 |
subject |
|
|
INCORPORATION
DATE |
15/12/1997 |
|||
|
ESTABLISHED
YEAR |
1997 |
|||
|
MAIN
REGISTRATION NO. |
101379279 |
|||
|
LEGAL
FORM |
Limited Liability Company |
|||
|
STATUS |
Active |
|||
|
REGISTERED
CAPITAL |
BYN |
37806736.69 |
||
IDENTIFICATION
|
COMMERCIAL
NAME |
Saleo LLC - Holding Managing
Company |
|
NAME
IN THE LOCAL LANGUAGE |
"САЛЕО"-
управляющая
компания
холдинга OOO |
|
ALSO
KNOWN AS |
Saleo – Upravlyayushaya Kompaniya Kholdinga LLC / Saleo
– Upravlyayushaya Kompaniya Kholdinga OOO |
|
FORMERLY
KNOWN AS |
Prommedinvest NPO
/ Prommedinvest ZAO / PMI Grupp ZAO |
PRINCIPAL PLACE OF BUSINESS
|
STREET |
Fominykh Street 6 |
|
P.O.
BOX |
222720 |
|
TOWN |
Dzerzhinsk |
|
COUNTRY |
Belarus |
|
COUNTRY
CODE |
BY |
|
TELEPHONE |
(375 1716) 55791 |
|
FAX |
(375 1716) 56797 |
|
E-MAIL |
|
|
WEBSITE |
|
|
PREMISES
DESCRIPTION |
Administrative Office |
|
TYPE
OF OCCUPATION |
Owned |
|
REGISTERED
OFFICE |
Fominykh Street 6, Dzerzhinsk 222720, Belarus |
LEGAL DATA
|
ESTABLISHED
YEAR |
1997 |
||
|
INCORPORATION
DATE |
15/12/1997 |
||
|
MAIN
REGISTRATION NO. |
101379279 |
||
|
C.R.
NO. |
101379279 |
REGISTERED AT |
Inspectorate Of The Ministry Of Taxes And Tax Collection Of The
Republic Of Belarus Dzerzhinsk |
|
REGISTRATION
PLACE |
Dzerzhinsk |
||
|
REGISTERED
CAPITAL |
BYN |
37806736.69 |
|
|
PAID-UP
CAPITAL |
BYN |
37806736.69 |
|
|
LEGAL
FORM |
Limited Liability Company |
||
|
OWNERSHIP
TYPE |
Private |
||
|
STATUS |
Active |
||
|
STATUS
DATE |
11/05/2018 |
||
BOARD
MEMBERS & AUTHORISED SIGNATORIES
|
1. |
FUNCTION |
|
|
NAME |
Nikolay Nikandrovich Kosten |
General Manager |
|
BOARD
MEMBER |
Yes |
|
|
NATIONALITY |
Belarusian |
|
|
GENDER |
Male |
|
|
SPOKEN
LANGUAGES |
Russian |
|
|
TOWN |
Dzerzhinsk |
|
|
COUNTRY |
Belarus |
|
|
COUNTRY
CODE |
BY |
|
OWNERSHIP
STRUCTURE (SHAREHOLDERS/PARTNERS/MEMBERS/OWNER)
|
1. |
EQUITY
(%) |
|
NAME |
Interservis OOO |
50.51 |
|
RELATION
TYPE |
Shareholder |
|
|
ADDRESS |
Molodezhnaya Street 7, Premises 110 |
|
|
TOWN |
Novopolotsk |
|
|
COUNTRY |
Belarus |
|
|
COUNTRY
CODE |
BY |
|
|
TELEPHONE |
(375 214) 584 649 |
|
|
FAX |
(375 214) 584 600 |
|
|
E-MAIL |
||
|
WEBSITE |
||
|
LEGAL
FORM |
Limited Liability Company |
|
|
OWNERSHIP |
1. Aleksandr Vasilevich Shakutin 50%2.
Krasniy Bor OOO 50% |
|
|
STATUS |
Active |
|
2. |
EQUITY
(%) |
|
|
NAME |
Aleksandr Vasilevich Shakutin |
14.49 |
|
RELATION
TYPE |
Shareholder |
|
|
NATIONALITY |
Belarusian |
|
|
GENDER |
Male |
|
|
SPOKEN
LANGUAGES |
Russian |
|
|
TOWN |
Dzerzhinsk |
|
|
COUNTRY |
Belarus |
|
|
3. |
EQUITY
(%) |
|
|
NAME |
Igor Timofeevich Subotin |
14.49 |
|
RELATION
TYPE |
Shareholder |
|
|
NATIONALITY |
Belarusian |
|
|
GENDER |
Male |
|
|
SPOKEN
LANGUAGES |
Russian |
|
|
TOWN |
Dzerzhinsk |
|
|
COUNTRY |
Belarus |
|
|
4. |
EQUITY
(%) |
|
|
NAME |
Yaroslav Vladimirovich Buyalskiy |
7.25 |
|
RELATION
TYPE |
Shareholder |
|
|
NATIONALITY |
Belarusian |
|
|
GENDER |
Male |
|
|
SPOKEN
LANGUAGES |
Russian |
|
|
TOWN |
Dzerzhinsk |
|
|
COUNTRY |
Belarus |
|
|
5. |
EQUITY
(%) |
|
|
NAME |
Em System |
6.09 |
|
RELATION
TYPE |
Shareholder |
|
|
COUNTRY |
Lithuanian |
|
|
STATUS |
Active |
|
|
6. |
EQUITY
(%) |
|
|
NAME |
SV Machining |
5.48 |
|
RELATION
TYPE |
Shareholder |
|
|
COUNTRY |
Germany |
|
|
STATUS |
Active |
|
|
7. |
EQUITY
(%) |
|
|
NAME |
PMI Engineering |
1.69 |
|
RELATION
TYPE |
Shareholder |
|
|
TOWN |
Minsk |
|
|
COUNTRY |
Belarus |
|
|
COUNTRY
CODE |
BY |
|
|
STATUS |
Active |
HISTORY
|
BACKGROUND |
||||
|
The subject
company was
established in Dzerzhinsk on 15 December 1997 under the
name Prommedinvest NPO, however
its origins can be traced back to 1967. In June 2000, Dzerzhinsk Engine Repair Plant was reincorporated as a
joint-stock company and renamed
into Dzerzhinsk Engine Repair Plant JSC. On 3 October
2011, subject changed its name to PMI Grupp ZAO. In July 2013, Saleo OOO was established in Dzerzhinsk.
In January 2014, Saleo
OOO was reorganized by merger into PMI Grupp OOO. In
April 2014, subject’s name
and ownership changed
to the present style. |
||||
|
REGISTRATION CHANGES |
||||
|
CHANGES |
DATE
OF CHANGE |
BEFORE
CHANGES |
AFTER
CHANGES |
NOTES |
|
Shareholding |
03/10/2011 |
1. Aleksandr |
present structure |
In April 2014 |
|
structure |
|
Vasilevich |
|
subject’s |
|
|
|
Shakutin (40%)2. |
|
shareholding |
|
|
|
Igor Timofeevich |
|
structure changed |
|
|
|
Subotin (40%)3. |
|
to the present. |
|
|
|
Yaroslav |
|
|
|
|
|
Vladimirovich |
|
|
|
|
|
Buyalskiy (20%) |
|
|
Subject former registered address was: Pinskaya Street 18,
Frunze District, Minsk 220073.
Subject's former affiliated companies:
Udarnik Plant
Dormash Plant
Dormashmet Plant
Amkodor-Unikab LLC
Amkodor-Pinsk LLC
Amkodor-Unimod OAO, Tax
No.: UNP 100010116
Amkodor–Belvar OAO, Tax
No. : UNP 100363840
Amkodor-Spetsservice LLC
Amkodor-Mozha LLC
Amkodor-Dzerzhinsk OAO, Tax No. : UNP 600005769 11.Amkodor-Shklov LLC
Amkodor-Lit LLC
Amkodor-Bryansk LLC 14.Amkodor-Astana LLP 15.Amkodor-Logoisk
PC 16.Amkodor-Torg UE
Amkodor OAO
, Tax No.:UNP 100135676
Prodi SOOO
Amkodor-Tashkent IP OOO, Tashkent, Uzbekistan 20.UAB Amkodor Baltic
Subject formerly had an account with Bank Moskva-Minsk
JSC.
WORKFORCE
KEY
MANAGEMENT PERSONNEL
|
1. |
POSITION |
|
|
NAME |
Nikolay Nikandrovich Kosten |
General Manager |
|
BOARD
MEMBER |
Yes |
|
|
NATIONALITY |
Belarusian |
|
|
GENDER |
Male |
|
|
SPOKEN
LANGUAGES |
Russian |
|
|
TOWN |
Dzerzhinsk |
|
|
COUNTRY |
Belarus |
|
|
COUNTRY
CODE |
BY |
|
|
2. |
POSITION |
|
|
NAME |
Nadezhda Anatolyevna Lazarevich |
1st Deputy General |
|
NATIONALITY |
Belarusian |
Manager |
|
GENDER |
Female |
|
|
SPOKEN
LANGUAGES |
Russian |
|
|
TOWN |
Dzerzhinsk |
|
|
COUNTRY |
Belarus |
|
|
COUNTRY
CODE |
BY |
|
|
3. |
POSITION |
|
|
NAME |
Olga Iosevna Gradovets |
Chief Accountant |
|
NATIONALITY |
Belarusian |
|
|
GENDER |
Female |
|
|
SPOKEN
LANGUAGES |
Russian |
|
|
TOWN |
Dzerzhinsk |
|
|
COUNTRY |
Belarus |
|
|
COUNTRY
CODE |
BY |
|
|
WORKFORCE |
PERIOD |
NOTES |
|
212 |
11/05/2018 |
subject |
|
217 |
25/11/2013 |
subject |
OPERATIONS
ACTIVITIES
|
ACTUAL
ACTIVITIES |
Manufacturers of hydraulic & plastic components and
fittings. Trading as suppliers of road
construction, municipal, forestry and special equipment. |
|
IMPORT
COUNTRIES |
Germany, Lithuania, Serbia, Poland and Russia. |
|
EXPORT
COUNTRIES |
Russia, Ukraine and Lithuania. |
|
NACE
CODE (REV. 2) |
DESCRIPTION |
|
3299 |
Other manufacturing n.e.c. |
|
4669 |
Wholesale of other machinery and equipment. |
FACILITIES
Owned premises
comprising administrative offices, a manufacturing unit and storage
facilities located
at the heading address
|
1.
NAME |
Saleo-Gomel OJSC |
|
RELATION
TYPE |
Associate |
|
ADDRESS |
Fedyuninskogo Street 3 |
|
TOWN |
Gomel 246007 |
|
COUNTRY |
Belarus |
|
COUNTRY
CODE |
BY |
|
TELEPHONE |
(375 232) 684 154 |
|
FAX |
(375 232) 683 435 |
|
E-MAIL |
|
|
LEGAL
FORM |
Open Joint Stock Company |
|
2.
NAME |
Saleo-Kobrin OJSC |
|
RELATION
TYPE |
Associate |
|
ADDRESS |
Sovetskya Street 109 |
|
TOWN |
Kobrin 225304 |
|
COUNTRY |
Belarus |
|
COUNTRY
CODE |
BY |
|
TELEPHONE |
(375 1642) 22384 |
|
FAX |
(375 1642) 22384 |
|
E-MAIL |
|
|
LEGAL
FORM |
Open Joint Stock Company |
GENERAL INFORMATION
NEWS & PRESS
BELARUSIAN PMI GROUP CJSC PLANS TO SET UP A HOLDING COMPANY TO MAKE HYDRAULIC PRODUCTS
On 26 August 2013, (www.doingbusinessby.com): The information was released by Amkodor OJSC Chairman of the Board, Deputy Director General in charge of prospective development of PMI Group CJSC Alexander Shakutin on 23 August 2013.
According to Alexander Shakutin, to set up a holding company PMI Group CJSC plans to buy three factories to make hydraulic products in Serbia.
"All issues related to purchase of three factories in Serbia have been already agreed. On 10 October 2013 the tender will be held. Our Company will take part in tender as well," Alexander Shakutin informed. He added that tender proposals on purchase will include obligations of investors - EUR 15 million that they will have to invest in developing these factories.
As explained by Alexander Shakutin, at the first stage the company will use its own funds to buy assets of three factories. Apart from that, investments to the tune of EUR 100 million will be allocated by Sberbank of Russia via its own daughter enterprise in Serbia.
PMI Group CJSC has plans to buy factories in Gomel and in the Russian Federation under the project on setting up the holding company. Moreover PMI Group CJSC will invest more than USD 30 million in the project to fully renovate one manufacturing wing in Dzerzhinsk that will be included in the holding company.
"If all assets are consolidated, the third in the world largest holding company to make hydraulic products will be set up Belarus," Sahkutin noted.
At the same time Alexander Shakutin noted that PMI Group CJSC has plans to submit the program to set up a hydraulic valley in Belarus to the consideration of the Government. "We will involve Belarusian experts and experts from Western Europe countries to develop hydraulic products. This project will allow driving out European products from Belarusian market and exporting our products to foreign markets," Alexander Shakutin said.
PMI Group CJSC delivers equipment, component parts, spare parts and materials to Belarusian manufacturing enterprises, and exports construction, municipal, forestry and special applications equipment by Amkodor OJSC to Russia.
Answering the question of BUSINESS NEWS on implementation of the project to set up a plant to assembly Amkodor vehicles in Venezuela, Alexander Shakutin said: "The plant in Venezuela has been already set in operation, equipped and is ready to assembly vehicles". The source pointed out that the enterprise capacity is 1000 vehicles per year. Funds invested in the plant amounted to approximately USD 60 million.
"It was investment of the Government of Venezuela," Alexander Shakutin noted and added that the decision to launch the operation will be taken in the near future. The source stressed that the country's industrial policy is being adjusted due to the change of power in Venezuela. "I think, the plant will start its operation when the country's industrial policy is adjusted," Alexander Shakutin said.
PLANS FOR HOLDING COMPANY TO MAKE HYDRAULICS IN BELARUS UNVEILED
On 23.08.2013 , (www.news.belta.by): The Belarusian company ZAO PMI Group plans to set up a holding company to make hydraulic products. The information was released by OAO Amkodor Chairman of the Board Alexander Shakutin at the session of the Council for Entrepreneurship Development in Dzerzhinsk, Minsk Oblast on 23 August, BelTA has learned.
The session took place at premises of the private joint-stock company PMI Group, which is an official dealer of OAO Amkodor. The session was chaired by Chairman of the Council for Entrepreneurship Development, Vice Premier of Belarus Piotr Prokopovich. Participants of the session visited the company OOO Saleo, which is an enterprise of ZAO PMI Group.
Alexander Shakutin said: "We would like to set up a holding company in Belarus that would match global trends in the development of the production of hydraulic machines. Its center will be located in Dzerzhinsk". An investment project worth over $30 million has been launched in the town to star t manufacturing hydraulic products. In 2013 as much as $25.5 million will be invested in the project, $4.1 million in 2014, and $4 50 , 00 0 in 2015. According to Alexander Shakutin, the project's implementation will satisfy Belarus' demand for hydraulic syste ms used in special vehicles and tractors. The components may also be exported.
The enterprise uses an old manufacturing wing in Dzerzhinsk. It has been fully renovated. New manufacturing premises have been built. The enterprise OOO Saleo employs 70 people. There are plans to raise the number of workers to 13 0 in 2014 and to 150 in 2015. The holding company will also have its own foundry to make hydraulics for steering systems. "Thus, in the future all the hydraulic manufacturing divisions will be localized. For now we are buying some of the materials," said Alexander Sha kut in .
He also said that the company intends to suggest "a relevant hydraulics program that involves export to the government". Now the enterprise already exports hydraulic systems to tractor factories in Uzbekistan and Iran.
The project is being implemented by OAO Amkodor in association with PMI Group (Prommedinvest Group) . Alexander Shakutin added that PMI Group comprises 19 enterprises, including six factories such as OOO Saleo.
"The company uses its own funds to implement the hydraulics project. Apart from that, investments to the tune of ?100 million have been allocated by Sberbank of Russia via its own daughter enterprise in Serbia," said Alexander Shakutin. He specified that?100 mill ion is investments only while the cost of the factory is commercial secret.
Speaking about the implementation of the project, Alexander Shakutin said that there are plans to buy assets of three factories using proprietary funds. After that investments of the bank will be tapped. "Tender proposals on purchase will include the cost of property portfolios and obligations of investors - extra ?15 million that they will have to invest in developing these factories," said the OAO Amkodor Chairman of the Board.
BANKERS
|
1.
BANK NAME |
BELINVESTBANK JSC |
|
ADDRESS |
Kollektornaya Street 11, Minsk |
|
TELEPHONE |
(375 17) 217 3714 |
|
FAX |
(375 17) 217 3714 |
|
WEBSITE |
|
2.
BANK NAME |
Belarusbank JSC |
|
ADDRESS |
Dzerzhinski Avenue 18, Minsk |
|
TELEPHONE |
(375 17) 226 4750 |
|
FAX |
(375 17) 218 8431 |
|
WEBSITE |
FINANCIAL INFORMATION
Private companies in Belarus are not required to publish or disclose balance sheets. However, the subject
interviewed offered the following information:
|
SUBJECT COMPANY FINANCIAL DATA |
|||||
|
CURRENCY |
BYN |
BYN |
BYN |
|
|
|
PERIOD
ENDED |
31/12/2018 |
31/12/2017 |
31/12/2016 |
|
|
|
LENTH
OF PERIOD |
12 Months |
12 Months |
12 Months |
|
|
|
RELIABILITY
LEVEL |
projected |
exact |
exact |
|
|
|
TURNOVER |
20000000 |
19065000 |
19901000 |
|
|
|
NET
PROFIT (LOSS) |
|
8326000 |
|
|
|
PAYMENT
INFORMATION
|
MODE
OF PAYMENT |
No complaints have been heard regarding payments from
local suppliers or banks. |
SPECIAL
REMARKS
|
INTERVIEWED
PERSON |
Olga Iosevna Gradovets |
Chief Accountant |
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
INR 67.31 |
|
|
1 |
INR 91.24 |
|
Euro |
1 |
INR 80.50 |
|
BYR |
1 |
INR 33.91 |
Note :
Above are approximate rates obtained from sources believed to be correct
INFORMATION DETAILS
|
Analysis Done by
: |
VAR |
|
|
|
|
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
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.