MIRA INFORM REPORT

 

 

Report No. :

511123

Report Date :

26.05.2018

 

 

IDENTIFICATION DETAILS

 

Name :

S SIGVARTSEN STEININDUSTRI AS

 

 

Registered Office :

Trondheimsveien 457, 0962 OSLO

 

 

Country :

Norway

 

 

Financials (as on) :

2016

 

 

Date of Incorporation :

19.02.1995

 

 

Com. Reg. No.:

935566932

 

 

Legal Form :

Limited company

 

 

Line of Business :

Wholesale of construction materials n.e.c.

 

 

No. of Employees :

44

 

 

 

 

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 :

Good

 

 

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)

Norway

A1

A1

 

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

 

 

NORWAY - ECONOMIC OVERVIEW

 

Norway has a stable economy with a vibrant private sector, a large state sector, and an extensive social safety net. Norway opted out of the EU during a referendum in November 1994. However, as a member of the European Economic Area, Norway partially participates in the EU’s single market and contributes sizably to the EU budget.

The country is richly endowed with natural resources such as oil and gas, fish, forests, and minerals. Norway is a leading producer and the world’s second largest exporter of seafood, after China. The government manages the country’s petroleum resources through extensive regulation. The petroleum sector provides about 9% of jobs, 12% of GDP, 13% of the state’s revenue, and 37% of exports, according to official national estimates. Norway is one of the world's leading petroleum exporters, although oil production is close to 50% below its peak in 2000. Gas production, conversely, has more than doubled since 2000. Although oil production is historically low, it rose in 2016 for the third consecutive year due to the higher production of existing oil fields and to new fields coming on stream. Norway’s domestic electricity production relies almost entirely on hydropower.

In anticipation of eventual declines in oil and gas production, Norway saves state revenue from petroleum sector activities in the world's largest sovereign wealth fund, valued at over $1 trillion at the end of 2017. To help balance the federal budget each year, the government follows a “fiscal rule,” which states that spending of revenues from petroleum and fund investments shall correspond to the expected real rate of return on the fund, an amount it estimates is sustainable over time. In February 2017, the government revised the expected rate of return for the fund downward from 4% to 3%.

After solid GDP growth in the 2004-07 period, the economy slowed in 2008, and contracted in 2009, before returning to modest, positive growth from 2010 to 2017. The Norwegian economy has been adjusting to lower energy prices, as demonstrated by growth in labor force participation and employment in 2017. GDP growth was about 1.5% in 2017, driven largely by domestic demand, which has been boosted by the rebound in the labor market and supportive fiscal policies. Economic growth is expected to remain constant or improve slightly in the next few years.

 

Source : CIA

 

Company name and address

 

Company Name

S SIGVARTSEN STEININDUSTRI AS

Click to view full map.

Company Number

935566932

Legal Form

Limited company

Status

Active

Address

Trondhjemsv 457

City

0962 OSLO

Website Address

-

Telephone

22803060

Register Type

Register of Business Enterprises and VAT Register

Share Capital

1 480 000

E-mail Address

anne.karin@sigvartsen.no

Previous Name

-

Fax Number

22803061

Name Change Date

-

Currency

NOK

Registration Date

19/02/1995

Number of Employees

44

 

 

Postal Address

 

Address

City

Trondheimsveien 457

0962 OSLO

 

 

Key Financials

 

Year to Date

Sales Revenue

Profit Before Tax

Total Equity

2016

134 150

4 333

12 061

2015

134 303

6 856

12 366

2014

119 332

4 496

12 636

2013

108 433

6 773

15 780

2012

111 187

4 973

14 113

 

 

 

 

Industry

 

Main Industry Code & Description

46.739 Wholesale of construction materials n.e.c.

Secondary Industry Code & Description

-

Other Industry Code & Description

-

Sector Code

710

 

 

Ultimate Holding Company

 

Company Name

Country Flag

Company Number

POSSIDENTES HOLDING AS

-

 

 

Summary

 

Type

Number

Total Amount

Unsettled ROP

0

0

Partly Settled ROP

0

0

Voluntary Pledge

6

41 200 000

 

 

Voluntary Pledge (Not Negative)

 

Type

Date

Source

Ref Nr

Amount

Creditor

Status

ENCUMBERED STOCK

08/03/2018

Løsøreregisteret

120683

12 000 000

DNB BANK ASA

-

CONTRACT OF FACTORING

08/03/2018

Løsøreregisteret

120684

12 000 000

DNB BANK ASA

-

ENCUMBERED STOCK

10/04/2014

Løsøreregisteret

147602

7 000 000

DNB BANK ASA

-

CONTRACT OF FACTORING

10/04/2014

Løsøreregisteret

147603

7 000 000

DNB BANK ASA

-

ENCUMBERED STOCK

10/01/1996

Løsøreregisteret

006516

1 600 000

Sparebanken NOR

-

CONTRACT OF FACTORING

10/01/1996

Løsøreregisteret

006517

1 600 000

Sparebanken NOR, Oslo

-

 

 

 

Company Name

Company Number

Last Account Published

Revenue

1

POSSIDENTES HOLDING AS

-

31/12/2016

0 KNOK

2

MEISEL EIENDOM AS

-

31/12/2016

0 KNOK

INDUSTRIVEIEN 6 SANDVIKA AS

-

31/12/2016

0 KNOK

2

S SIGVARTSEN STEININDUSTRI AS

-

31/12/2016

134 150 KNOK

3

SKIFER & GRANITT AS

-

31/12/2017

487 KNOK

 

 

Current Directors

 

Name

Address

Date of Birth

Function

Sigvartsen, Kjell

Claus Trondsens Gate 10 DRAMMEN 3014

22/08/1956

Chairman of the board

Bakk, Jan Erik

Skogstien 3 B OSLO 1088

06/02/1952

Board member(s)

Meyer, Anne Karin Sigvartsen

Haugerudbråtan 60 TRANBY 3408

09/01/1955

Board member(s)

 

 

Signature

 

Signature

Styret i fellesskap innehar selskapets signatur.

 

 

Procurement

 

Procurement

Kjell Sigvartsen

 

 

Auditors

 

Name

Company Number

Status

Date

DELOITTE AS

980211282

Active

21/10/2008

 

 

Other Company Officials

 

Name

Address

Date of Birth

Function

Sigvartsen, Kjell

Claus Trondsens Gate 10 DRAMMEN 3014

22/08/1956

Contact person / representative

 

Shareholders

 

Shareholder Name

Number of Shares

Percentage Share

POSSIDENTES HOLDING AS

100

100.00

 

Group Linkages

No Group Linkages information available for the company

 

 

Announcements

 

Date

Announcement Type

15/06/2017

APPROVED END OF YEAR REPORT AND ACCOUNTS

13/07/2016

APPROVED END OF YEAR REPORT AND ACCOUNTS

12/05/2015

CHANGE OF CAPITAL

12/05/2015

CHANGE OF DATE IN ARTICLES OF ASSOCIATON

12/05/2015

Execution of demerger

05/05/2015

APPROVED END OF YEAR REPORT AND ACCOUNTS

24/03/2015

Decision to demerger

02/09/2014

Completion of merger

05/07/2014

Merger decision

14/05/2014

Execution of demerger

14/05/2014

CHANGE OF CAPITAL

14/05/2014

CHANGE OF DATE IN ARTICLES OF ASSOCIATON

15/03/2014

Decision to demerger

13/03/2014

APPROVED END OF YEAR REPORT AND ACCOUNTS

10/04/2013

APPROVED END OF YEAR REPORT AND ACCOUNTS

07/05/2012

APPROVED END OF YEAR REPORT AND ACCOUNTS

Company Name

Company Number

Industry Code

Address

City

Telephone

Status

SIGVARTSEN S STEININDUSTRI AS AVD LIER SALG

919623071

46.739

Husebysletta 39

0962 OSLO

-

Active

S SIGVARTSEN STEININDUSTRI AS AVD LILLESTRØM

919622903

46.739

Rolf Olsens vei 32

0962 OSLO

-

Active

S SIGVARTSEN STEININDUSTRI AS AVD SANDVIKA

973063073

46.739

Industriveien 10

0962 OSLO

22258994

Active

S SIGVARTSEN STEININDUSTRI AS AVD OSLO

973063065

46.739

Trondheimsveien 457

-

22258994

Active

S SIGVARTSEN STEININDUSTRI AS AVD LIER VERKSTED KJØKKEN

993091367

23.700

Industrigata 11

-

-

Active

 

 

Financials

 

Results

NOK

NOTE: All values displayed in 1000

Financial Year

2016

2015

2014

2013

2012

Currency

NOK

NOK

NOK

NOK

NOK

Consolidated Accounts

No

No

No

No

No

Complete Accounts

Yes

Yes

Yes

Yes

Yes

Sales Revenue

134 150

-0.11%

134 303

12.55%

119 332

10.05%

108 433

-2.48%

111 187

Other operating income

1 758

20.74%

1 456

4.07%

1 399

14.67%

1 220

3.83%

1 175

Total Operating Income

135 908

0.11%

135 759

12.45%

120 730

10.10%

109 654

-2.41%

112 362

Cost of stocks

88 232

3.07%

85 603

15.10%

74 370

13.76%

65 375

-1.06%

66 075

Change in stock of work in progress and finished goods

0

0.00%

0

0.00%

0

0.00%

0

0.00%

0

Change in work in progress

0

0.00%

0

0.00%

0

0.00%

0

0.00%

0

Wages & Salaries

24 209

3.58%

23 373

-0.32%

23 447

10.72%

21 176

7.78%

19 647

Depreciation

1 450

9.85%

1 320

-2.00%

1 347

44.22%

934

10.66%

844

Write down of tangible and intangible fixed assets

-

N/A

-

N/A

-

N/A

-

N/A

-

Other operating expenses

17 312

1.12%

17 121

6.72%

16 043

11.32%

14 411

-31.34%

20 990

Total Operating Expenses

131 203

2.97%

127 418

10.60%

115 207

13.06%

101 896

-5.26%

107 556

Operating Profit

4 705

-43.59%

8 341

51.02%

5 523

-28.80%

7 757

61.40%

4 806

Allocated dividend

-

N/A

-

N/A

-

N/A

-

N/A

-

Revenue from subsidiaries

0

0.00%

0

0.00%

0

0.00%

0

0.00%

0

Revenue from group companies

0

0.00%

0

0.00%

0

0.00%

0

0.00%

0

Revenue from associated companies

0

0.00%

0

0.00%

0

0.00%

0

0.00%

0

Interest income from group companies

0

0.00%

0

-100.00%

11

N/A

-

N/A

-

Other interest income

49

-62.60%

131

-33.16%

196

37.06%

143

-27.41%

197

Other financial income

321

230.93%

97

42.65%

68

-15.00%

80

-85.37%

547

Financial Income

369

61.84%

228

-62.75%

612

174.44%

223

-70.07%

745

Changes in value of quoted financial current asssets

0

0.00%

0

0.00%

0

0.00%

0

0.00%

0

Write-downs on other financial current assets

-

N/A

-

N/A

-

N/A

-

N/A

-

Write-downs on financial fixed assets

-

N/A

-

N/A

-

N/A

-

N/A

-

Other interest expenses from group companies

135

181.25%

48

182.35%

17

6.25%

16

-44.83%

29

Other interest expenses

295

-28.05%

410

-4.65%

430

-3.59%

446

23.89%

360

Other financial expenses

312

-75.16%

1 256

5.37%

1 192

60.22%

744

293.65%

189

Other financial costs

312

-75.16%

1 256

5.37%

1 192

60.22%

744

293.65%

189

Financial Expenses

741

-56.77%

1 714

4.58%

1 639

35.90%

1 206

108.65%

578

Total\net financial items

-372

74.97%

-1 486

-44.69%

-1 027

-4.37%

-984

-689.22%

167

Profit Before Tax

4 333

-36.80%

6 856

52.49%

4 496

-33.62%

6 773

36.20%

4 973

Tax

1 124

-40.72%

1 896

61.64%

1 173

-39.47%

1 938

35.43%

1 431

Profit After Tax

3 209

-35.30%

4 960

49.26%

3 323

-31.27%

4 835

36.47%

3 543

Extraordinary Result

0

0.00%

0

0.00%

0

0.00%

0

0.00%

0

Net profit\loss for the year before miniority interests

-

N/A

-

N/A

-

N/A

-

N/A

-

Tax on extraordinary result

0

0.00%

0

0.00%

0

0.00%

0

0.00%

0

Minority share before year result

-

N/A

-

N/A

-

N/A

-

N/A

-

Net Result after Dividends

3 209

-35.30%

4 960

49.26%

3 323

-31.27%

4 835

36.47%

3 543

Dividends

-

N/A

-

N/A

-

N/A

-

N/A

-

Group contributions

14

-76.67%

60

100.00%

0

-100.00%

3 168

10.00%

2 880

Allocation other equity/covering of previous uncovered loss

-306

-118.01%

1 699

426.01%

323

-80.62%

1 667

151.43%

663

Total transfers and allocations

3 209

-35.30%

4 960

49.26%

3 323

-31.27%

4 835

36.47%

3 543

 

Assets

NOK

NOTE: All values displayed in 1000

Financial Year

2016

2015

2014

2013

2012

Currency

NOK

NOK

NOK

NOK

NOK

Consolidated Accounts

No

No

No

No

No

Complete Accounts

Yes

Yes

Yes

Yes

Yes

Research and development

-

N/A

-

N/A

-

N/A

-

N/A

-

Concessions, patents, licences, trademarks and similar rights

137

-8.67%

150

16.28%

129

N/A

-

N/A

-

Deferred tax asset

0

-100.00%

9

N/A

-

N/A

-

N/A

-

Goodwill/intangible assets

582

-33.33%

873

-25.00%

1 164

N/A

-

N/A

-

Other intangible fixed assets

-

N/A

-

N/A

-

N/A

-

N/A

-

Intangible Assets

719

-30.26%

1 031

-20.26%

1 293

100.00%

0

0.00%

0

Land & Buildings

0

0.00%

0

-100.00%

2 302

-54.69%

5 081

-2.46%

5 209

Plant & Machinery

4 330

7.47%

4 029

32.40%

3 043

N/A

-

N/A

13

Ships, rigs, aircraft, etc

-

N/A

-

N/A

-

N/A

-

N/A

-

Operating equipment, fixtures, fittings, tools, office machines, etc.

0

0.00%

0

0.00%

0

-100.00%

3 036

35.29%

2 244

Other operation factors

-

N/A

-

N/A

-

N/A

-

N/A

-

Total Tangible Assets

4 330

7.47%

4 029

-24.62%

5 345

-34.15%

8 117

8.72%

7 466

Shares/investment in subsidiaries

119

0.00%

119

0.00%

119

11.21%

107

0.00%

107

Investments in group companies

-

N/A

-

N/A

-

N/A

-

N/A

-

Investments in associated companies

-

N/A

-

N/A

-

N/A

-

N/A

-

Investments in shares and interests

-

N/A

-

N/A

-

N/A

-

N/A

-

Bonds and other accounts receivables

-

N/A

-

N/A

-

N/A

-

N/A

-

Pension funds

-

N/A

-

N/A

-

N/A

-

N/A

-

Other financial fixed assets

-

N/A

-

N/A

-

N/A

-

N/A

-

Bonds

-

N/A

-

N/A

-

N/A

-

N/A

-

Total financial fixed assets

120

0.00%

120

0.00%

120

11.11%

108

0.00%

108

Other fixed assets

-

N/A

-

N/A

-

N/A

-

N/A

-

TOTAL FIXED ASSETS

5 169

-0.23%

5 181

-23.32%

6 757

-17.86%

8 226

8.61%

7 574

Raw materials and purchased semi-manufactured goods

-

N/A

-

N/A

-

N/A

-

N/A

-

Finished goods

-

N/A

-

N/A

-

N/A

-

N/A

-

Other inventories

-

N/A

-

N/A

-

N/A

-

N/A

-

Total inventories

18 599

15.22%

16 142

-1.51%

16 389

25.66%

13 042

-5.68%

13 828

Inventories

18 599

15.22%

16 142

-1.51%

16 389

25.66%

13 042

-5.68%

13 828

Trade Receivables

10 915

14.16%

9 561

2.66%

9 313

36.41%

6 827

1.44%

6 730

Other Receivables

1

0.00%

1

0.00%

1

0.00%

1

0.00%

1

Receivables to companies in the same group

-

N/A

-

N/A

-

N/A

-

N/A

-

Total receivable

12 606

1.92%

12 369

7.44%

11 513

30.28%

8 837

7.32%

8 234

Shares and interests in group companies

-

N/A

-

N/A

-

N/A

-

N/A

-

Quoted investment shares

-

N/A

-

N/A

-

N/A

-

N/A

-

Quoted bonds

-

N/A

-

N/A

-

N/A

-

N/A

-

Other marked based financial instr.

-

N/A

-

N/A

-

N/A

-

N/A

-

Other financial instr.

-

N/A

-

N/A

-

N/A

-

N/A

-

Other investments

-

N/A

-

N/A

-

N/A

-

N/A

-

Total Investments

0

0.00%

0

0.00%

0

0.00%

0

0.00%

0

Cash & Bank Deposits

1 460

-55.27%

3 264

17.49%

2 778

-57.85%

6 590

9.83%

6 000

Total funds/bank/post

1 460

-55.27%

3 264

17.49%

2 778

-57.85%

6 590

9.83%

6 000

Other current assets

-

N/A

-

N/A

-

N/A

-

N/A

-

TOTAL CURRENT ASSETS

32 665

2.80%

31 774

3.56%

30 681

7.77%

28 468

1.45%

28 062

TOTAL ASSETS

37 834

2.38%

36 955

-1.29%

37 438

2.03%

36 694

2.97%

35 637

Equity And Liabilities

NOK

NOTE: All values displayed in 1000

Financial Year

2016

2015

2014

2013

2012

Currency

NOK

NOK

NOK

NOK

NOK

Consolidated Accounts

No

No

No

No

No

Complete Accounts

Yes

Yes

Yes

Yes

Yes

Share Capital

1 480

0.00%

1 480

-9.65%

1 638

-37.00%

2 600

0.00%

2 600

Own shares (treasury stock)

-

N/A

-

N/A

-

N/A

-

N/A

-

Share Premium Reserve

1 708

0.00%

1 708

-9.63%

1 890

-37.00%

3 000

0.00%

3 000

Other paid-in capital

-

N/A

-

N/A

-

N/A

-

N/A

-

Total equity deposits

3 188

0.00%

3 188

-9.64%

3 528

-37.00%

5 600

0.00%

5 600

Valuation reserve

-

N/A

-

N/A

-

N/A

-

N/A

-

Other equity

8 873

-3.33%

9 179

0.78%

9 108

-10.53%

10 180

19.58%

8 513

Minority interests ( Groups )

-

N/A

-

N/A

-

N/A

-

N/A

-

Total Retained Earnings

8 873

-3.33%

9 179

0.78%

9 108

-10.53%

10 180

19.58%

8 513

Other Reserves

-

N/A

-

N/A

-

N/A

-

N/A

-

TOTAL EQUITY

12 061

-2.47%

12 366

-2.14%

12 636

-19.92%

15 780

11.81%

14 113

Long Term Pension Commitments

-

N/A

-

N/A

-

N/A

-

N/A

-

Deferred tax liabilities

43

100.00%

0

-100.00%

311

436.21%

58

3.57%

56

Other provisions

-

N/A

-

N/A

-

N/A

-

N/A

-

Total provisions for liabilities and charges

43

100.00%

0

-100.00%

311

436.21%

58

3.57%

56

Convertible loans

-

N/A

-

N/A

-

N/A

-

N/A

-

Other Long Term Loans

-

N/A

-

N/A

-

N/A

-

N/A

-

Long Term Liabilities to Financial Institutions

3 949

-13.19%

4 549

-43.36%

8 031

63.60%

4 909

-12.64%

5 619

Long-term group contribution liabilities

-

N/A

-

N/A

-

N/A

-

N/A

-

Liable loan capital

-

N/A

-

N/A

-

N/A

-

N/A

-

Other long-term liabilities

4 174

9.84%

3 800

100.00%

0

0.00%

0

0.00%

0

Total other long-term liabilities

8 123

-2.70%

8 348

3.95%

8 031

63.60%

4 909

-12.64%

5 619

TOTAL LONG TERM LIABILITIES

8 166

-2.19%

8 349

0.08%

8 342

67.95%

4 967

-12.48%

5 675

Convertible loan

-

N/A

-

N/A

-

N/A

-

N/A

-

Certificate loan

-

N/A

-

N/A

-

N/A

-

N/A

-

Short Term Liabilities to Financial Institutions

-

N/A

-

N/A

-

N/A

-

N/A

-

Trade Creditors

6 419

68.48%

3 810

-36.37%

5 988

2.36%

5 850

-10.92%

6 567

Payable tax

1 067

-36.03%

1 668

42.56%

1 170

66.19%

704

158.82%

272

Special government taxes

3 394

-11.08%

3 817

15.95%

3 292

29.00%

2 552

1.55%

2 513

Suggested dividend

3 500

9.38%

3 200

6.67%

3 000

N/A

-

N/A

-

Short Term Liabilities to Group

65

-21.69%

83

186.21%

29

-99.36%

4 535

3.37%

4 387

Other creditors

-

N/A

-

N/A

-

N/A

-

N/A

-

TOTAL CURRENT LIABILITIES

17 607

8.42%

16 240

-1.34%

16 461

3.22%

15 947

0.62%

15 849

TOTAL LIABILITIES

25 773

4.82%

24 589

-0.86%

24 802

18.59%

20 914

-2.83%

21 523

Total liabilities and equity

37 834

2.38%

36 955

-1.29%

37 438

2.03%

36 694

2.97%

35 637

 

Miscellaneous

NOTE: All values displayed in 1000

Financial Year

2016

2015

2014

2013

2012

Total Exports

-

N/A

-

N/A

-

N/A

-

N/A

-

Working Capital

15 058

-3.06%

15 534

9.24%

14 220

13.57%

12 521

2.52%

12 213

Net Worth

11 342

0.06%

11 335

-0.07%

11 343

-28.12%

15 780

11.81%

14 113

Capital Employed

20 227

-2.36%

20 715

-1.25%

20 978

1.11%

20 747

4.85%

19 788

Man-labour year

38

1.05%

38

-6.17%

41

12.50%

36

20.00%

30

Employees

-

N/A

-

N/A

-

N/A

-

N/A

-

General manager salary

958

-4.58%

1 004

-3.18%

1 037

7.57%

964

1.58%

949

Auditor's remuneration

180

8.43%

166

1.22%

164

1.23%

162

80.00%

90

 

 

Ratios

Financial Year

2016

2015

2014

2013

2012

Pre-Tax Profit Margin

3.23

5.10

3.77

6.25

4.47

Return on Capital Employed

21.42

33.10

21.43

32.65

25.13

Return on Total Assets Employed

11.45

18.55

12.01

18.46

13.95

Return on Net Assets Employed

35.93

55.44

35.58

42.92

35.24

Sales/Net Working Capital

8.91

8.65

8.39

8.66

9.10

Stock Turnover Ratio

13.86

12.02

13.73

12.03

12.44

Debtor Days

29.70

25.98

28.49

22.98

22.09

Creditor Days

17.47

10.35

18.32

19.69

21.56

Current Ratio

1.86

1.96

1.86

1.79

1.77

Liquidity Ratio/Acid Test

0.80

0.96

0.87

0.97

0.90

Current Debt Ratio

1.46

1.31

1.30

1.01

1.12

Solvency Ratio

31.88

33.46

33.75

43.00

39.60

Equity in Percentage

32.60

34.54

35.07

43.13

39.72

Total Debt Ratio

2.14

1.99

1.96

1.33

1.53

 

 

FOREIGN EXCHANGE RATES

 

Currency
Unit

Indian Rupees

US Dollar

1

INR 68.26

UK Pound

1

INR 91.22

Euro

1

INR 79.88

NOK

1

INR 8.29

 

Note : Above are approximate rates obtained from sources believed to be correct

 

 

INFORMATION DETAILS

 

Analysis Done by :

VAR

 

 

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)

 

PRIVATE & CONFIDENTIAL : This information is provided to you at your request, you having employed MIPL for such purpose. You will use the information as aid only in determining the propriety of giving credit and generally as an aid to your business and for no other purpose. You will hold the information in strict confidence, and shall not reveal it or make it known to the subject persons, firms or corporations or to any other. MIPL does not warrant the correctness of the information as you hold it free of any liability whatsoever. You will be liable to and indemnify MIPL for any loss, damage or expense, occasioned by your breach or non observance of any one, or more of these conditions

This report is issued at your request without any risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL) or its officials.