3decades

MIRA INFORM REPORT

Report No. :	512479
Report Date :	30.05.2018

IDENTIFICATION DETAILS

Name :	KANTHAL AB

Registered Office :	Box 502, 734 27 Hallstahammar, Västmanland

Country :	Sweden

Financials (as on) :	December, 2017

Date of Incorporation :	12.02.1992

Com. Reg. No.:	5564425576

Legal Form :	Not Available

Line of Business :	Not Available [We tried to confirm obtain the detailed activity but the same is not available from any sources]

No. of Employees :	335

RATING & COMMENTS

(Mira Inform has adopted New Rating mechanism w.e.f. 23^rd January 2017)

MIRA’s Rating :

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)

Sweden

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

SWEDEN - ECONOMIC OVERVIEW

Sweden’s small, open, and competitive economy has been thriving and Sweden has achieved an enviable standard of living with its combination of free-market capitalism and extensive welfare benefits. Sweden remains outside the euro zone largely out of concern that joining the European Economic and Monetary Union would diminish the country’s sovereignty over its welfare system.

Timber, hydropower, and iron ore constitute the resource base of a manufacturing economy that relies heavily on foreign trade. Exports, including engines and other machines, motor vehicles, and telecommunications equipment, account for more than 44% of GDP. Sweden enjoys a current account surplus of about 5% of GDP, which is one of the highest margins in Europe.

GDP grew an estimated 3.3% in 2016 and 2017 driven largely by investment in the construction sector. Economic growth is expected to ease slightly in the coming years as this investment subsides. Global economic growth boosted exports of Swedish manufactures further, helping drive domestic economic growth in 2017. The central bank is keeping an eye on deflationary pressures and is expected to maintain its expansionary monetary policy in 2018. Swedish prices and wages have grown only slightly over the past few years, helping to support the country’s competitiveness.

In the short and medium term Sweden’s economic challenges include keeping rising house prices in check and successfully integrating migrants into the labor market.

Source : CIA

Company Summary
Business Name	Kanthal AB
Country	SWEDEN
Company Registration Number	5564425576
Activity Code	-
Activity Description	-
Company Status	Active (Active)
Latest Turnover Figure	956,407,000 SEK
Latest Shareholder Equity Figure	315,048,000 SEK

Basic Information
Business Name	Kanthal AB
Registered Company Name	Kanthal AB
Company Registration Number	5564425576
Country	SWEDEN
Date of Company Registration	12/02/1992
Legal Form	-
Company Status	Active (Active)
Currency of this Report	SEK
Principal Activity Code	-
Principal Activity Description	-
Contact Address	Box 502, 734 27 HALLSTAHAMMAR, VÄSTMANLAND
Contact Telephone Number	0220-21000

Main Address
Address	Box 502, 734 27 HALLSTAHAMMAR, VÄSTMANLAND
Country	SWEDEN
Telephone	0220-21000

Other Addresses

Address Country

Kontorsvägen 4 BRUKSPARKEN, 735 31 SWEDEN

Email Addresses

asa.wiklund@sandvik.com

Web Pages

www.kanthal.com

Employee Information
Year	Number of Employees
2016	335
2015	337
2014	357
2013	385
2012	453

Advisors

Auditor Name KPMG AB

Tax Registrations
Registered for FTax	No
Registered for VAT	No
Registered for Employee Tax	No

Certificates

No certificate information for this company

Industry Comparison
Activity Code	24340
Activity Description	Cold drawing of wire
Industry Average Credit Rating	88 (1 - 100)
Industry Average Credit Limit	5,376,000

Event History
Event Date	Event Description
12/04/2018	Group Structure Change
11/04/2018	Group Structure Change
28/02/2018	Company name, changed (old name: Sandvik Heating Technology AB)
03/10/2017	Company representatives, changed
03/10/2017	Authorised signatories amended or new/amended vacancy text
14/09/2017	Company representatives, changed
14/09/2017	Authorised signatories amended or new/amended vacancy text
14/09/2017	Group Structure Change
07/09/2017	Group Structure Change
04/09/2017	Group Structure Change
29/08/2017	Group Structure Change
28/08/2017	Group Structure Change
22/08/2017	Group Structure Change
21/08/2017	Group Structure Change
08/08/2017	Group Structure Change
01/08/2017	Group Structure Change
24/07/2017	Group Structure Change
19/07/2017	Group Structure Change
18/07/2017	Group Structure Change
13/07/2017	Group Structure Change
06/07/2017	Annual account, new
05/07/2017	Group Structure Change
04/07/2017	Group Structure Change
30/06/2017	Annual report (PDF), new
28/06/2017	Group Structure Change
27/06/2017	Group Structure Change
26/06/2017	Group Structure Change
15/06/2017	Group Structure Change
06/06/2017	Group Structure Change
31/05/2017	Group Structure Change
27/05/2017	Company representatives, changed
27/05/2017	Authorised signatories amended or new/amended vacancy text
25/05/2017	Group Structure Change
23/05/2017	Group Structure Change
15/05/2017	Group Structure Change
21/03/2017	Group Structure Change
07/02/2017	Certificate, deregistered
31/01/2017	Authorised signatories amended or new/amended vacancy text
31/01/2017	Company representatives, changed
30/12/2016	Company representatives, changed
30/12/2016	Authorised signatories amended or new/amended vacancy text
28/09/2016	Company representatives, changed
23/08/2016	Fax number, removed
15/08/2016	Group Structure Change
11/08/2016	Group Structure Change
10/08/2016	Group Structure Change
08/08/2016	Group Structure Change
05/08/2016	Group Structure Change
04/08/2016	Group Structure Change
03/08/2016	Group Structure Change
01/08/2016	Group Structure Change
29/07/2016	Group Structure Change
28/07/2016	Group Structure Change
26/07/2016	Annual account, new
25/07/2016	Group Structure Change
22/07/2016	Group Structure Change
21/07/2016	Group Structure Change
19/07/2016	Group Structure Change
19/07/2016	Annual report (PDF), new
18/07/2016	Group Structure Change
15/07/2016	Group Structure Change
12/07/2016	Group Structure Change
11/07/2016	Group Structure Change
04/07/2016	Group Structure Change
01/07/2016	Group Structure Change
28/06/2016	Group Structure Change
27/06/2016	Group Structure Change
24/06/2016	Group Structure Change
17/06/2016	Group Structure Change
06/06/2016	Group Structure Change
02/06/2016	Group Structure Change
31/05/2016	Group Structure Change
27/05/2016	Group Structure Change
25/05/2016	Group Structure Change
27/04/2016	Group Structure Change
15/03/2016	Group Structure Change
13/01/2016	Group Structure Change
19/12/2015	Company representatives, changed
19/12/2015	Authorised signatories amended or new/amended vacancy text
11/11/2015	Group Structure Change
09/11/2015	Group Structure Change
06/11/2015	Group Structure Change
27/10/2015	Group Structure Change
21/10/2015	Group Structure Change
19/10/2015	Group Structure Change
14/10/2015	Group Structure Change
30/09/2015	Group Structure Change
04/09/2015	Group Structure Change
31/08/2015	Group Structure Change
26/08/2015	Group Structure Change
24/08/2015	Group Structure Change
20/08/2015	Group Structure Change
07/08/2015	Annual account, new
04/08/2015	Group Structure Change
27/07/2015	Group Structure Change
27/07/2015	Annual report (PDF), new
23/07/2015	Group Structure Change
22/07/2015	Group Structure Change
10/07/2015	Group Structure Change
08/07/2015	Group Structure Change
07/07/2015	Group Structure Change
06/07/2015	Group Structure Change
03/07/2015	Group Structure Change
02/07/2015	Group Structure Change
30/06/2015	Group Structure Change
29/06/2015	Group Structure Change
26/06/2015	Group Structure Change
25/06/2015	Group Structure Change
22/06/2015	Group Structure Change
17/06/2015	Group Structure Change
16/06/2015	Group Structure Change
12/06/2015	Group Structure Change
10/06/2015	Group Structure Change
01/06/2015	Group Structure Change
21/05/2015	Group Structure Change
19/05/2015	Group Structure Change
14/05/2015	Group Structure Change
13/05/2015	Group Structure Change
12/05/2015	Certificate, registered
06/02/2015	Authorised signatories amended or new/amended vacancy text
06/02/2015	Company representatives, changed
02/02/2015	Authorised signatories amended or new/amended vacancy text
02/02/2015	Company representatives, changed
06/11/2014	Group Structure Change
10/10/2014	Group Structure Change
09/10/2014	Group Structure Change
03/10/2014	Group Structure Change
01/10/2014	Group Structure Change
30/09/2014	Certificate, deregistered
30/09/2014	Certificate, registered
29/09/2014	Group Structure Change
26/09/2014	Group Structure Change
22/09/2014	Group Structure Change
18/09/2014	Group Structure Change
10/09/2014	Group Structure Change
09/09/2014	Group Structure Change
08/09/2014	Group Structure Change
27/08/2014	Group Structure Change
22/08/2014	Group Structure Change
18/08/2014	Group Structure Change
11/08/2014	Group Structure Change
07/08/2014	Group Structure Change
04/08/2014	Group Structure Change
01/08/2014	Group Structure Change
31/07/2014	Group Structure Change
30/07/2014	Group Structure Change
28/07/2014	Group Structure Change
24/07/2014	Group Structure Change
23/07/2014	Group Structure Change
22/07/2014	Group Structure Change
21/07/2014	Group Structure Change
18/07/2014	Group Structure Change
17/07/2014	Annual account, new
17/07/2014	Group annual accout, new
16/07/2014	Group Structure Change
11/07/2014	Annual report (PDF), new
10/07/2014	Group Structure Change
09/07/2014	Group Structure Change
08/07/2014	Group Structure Change
07/07/2014	Group Structure Change
19/11/2013	Authorised signatories amended or new/amended vacancy text
19/11/2013	Company representatives, changed
02/10/2013	Group Structure Change
25/09/2013	Group Structure Change
06/09/2013	Group Structure Change
05/09/2013	Group Structure Change
30/08/2013	Group Structure Change
28/08/2013	Group Structure Change
26/08/2013	Group Structure Change
19/08/2013	Group Structure Change
16/08/2013	Group Structure Change
15/08/2013	Group Structure Change
14/08/2013	Group Structure Change
13/08/2013	Group Structure Change
12/08/2013	Group Structure Change
08/08/2013	Group Structure Change
07/08/2013	Group Structure Change
06/08/2013	Group Structure Change
05/08/2013	Group Structure Change
31/07/2013	Group Structure Change
30/07/2013	Group Structure Change
29/07/2013	Group Structure Change
26/07/2013	Annual account, new
19/07/2013	Group Structure Change
17/07/2013	Group Structure Change
12/07/2013	Group Structure Change
11/07/2013	Group Structure Change
10/07/2013	Group Structure Change
09/07/2013	Group Structure Change
08/07/2013	Annual report (PDF), new
08/07/2013	Group Structure Change
03/07/2013	Group Structure Change
01/07/2013	Group Structure Change

Status History

No status history events for this company

Profit and Loss
Financial Year	12/2016	12/2015	12/2014
Number of Weeks	52	52	52
Currency	SEK	SEK	SEK
Consolidated Accounts	No	No	No
Revenue	1,090,074,000	1,195,896,000	1,317,790,000
Operating Costs	1,108,380,000	1,269,671,000	1,287,860,000
Operating Profit	-18,306,000	-73,775,000	29,930,000
Financial Income	30,000	607,000	930,000
Financial Expenses	12,214,000	12,138,000	14,138,000
Extraordinary Income	-	-	-
Extraordinary Costs	-	-	-
Profit before Tax	-30,281,000	-85,102,000	20,880,000
Tax	-7,607,000	-4,758,000	26,448,000
Profit after Tax	-22,674,000	-80,344,000	-5,568,000
Minority Interests	-	-	-
Other Appropriations	18,524,000	36,230,000	112,780,000
Retained Profit	-4,150,000	-44,114,000	107,212,000

Balance Sheet
Financial Year	12/2016	12/2015	12/2014
Number of Weeks	52	52	52
Currency	SEK	SEK	SEK
Consolidated Accounts	No	No	No
Land & Buildings	123,622,000	130,790,000	157,026,000
Plant & Machinery	143,439,000	128,306,000	110,263,000
Other Tangible Assets	87,532,000	106,451,000	92,704,000
Total Tangible Assets	354,593,000	365,547,000	359,993,000
Goodwill	-	-	-
Other Intangible Assets	-	-	-
Total Intangible Assets	-	-	-
Loans To Group	-	-	-
Other Loans	-	-	-
Miscellaneous Fixed Assets	41,278,000	32,948,000	28,892,000
Total Other Fixed Assets	41,278,000	32,948,000	28,892,000
TOTAL FIXED ASSETS	395,871,000	398,495,000	388,885,000
Work In Progress	-	-	-
Other Inventories	331,286,000	308,170,000	350,169,000
Total Inventories	331,286,000	308,170,000	350,169,000
Trade Receivables	3,215,000	26,384,000	28,775,000
Group Receivables	97,658,000	68,205,000	166,405,000
Miscellaneous Receivables	46,106,000	35,799,000	22,712,000
Total Receivables	146,979,000	130,388,000	217,892,000
Cash	3,380,000	2,347,000	12,953,000
Other Current Assets	-	-	-
TOTAL CURRENT ASSETS	481,645,000	440,905,000	581,014,000
TOTAL ASSETS	877,516,000	839,400,000	969,899,000
Trade Payables	86,340,000	59,742,000	53,409,000
Bank Liabilities	-	-	-
Group Payables	384,055,000	353,678,000	385,231,000
Miscellaneous Liabilities	83,465,000	69,472,000	85,957,000
TOTAL CURRENT LIABILITIES	553,860,000	482,892,000	524,597,000
Bank Liabilities Due After 1 Year	-	-	-
Other Loans Or Finance Due After 1 Year	-	-	-
Group Payables Due After 1 Year	-	-	-
Miscellaneous Liabilities Due After 1 Year	8,608,000	37,309,000	81,989,000
TOTAL LONG TERM LIABILITIES	8,608,000	37,309,000	81,989,000
TOTAL LIABILITIES	562,468,000	520,201,000	606,586,000
Called Up Share Capital	55,688,000	55,688,000	55,688,000
Share Premium	-	-	-
Revenue Reserves	83,926,000	88,077,000	132,191,000
Other Reserves	175,434,000	175,434,000	175,434,000
TOTAL SHAREHOLDERS EQUITY	315,048,000	319,199,000	363,313,000

Other Financials
Financial Year	12/2016	12/2015	12/2014
Contingent Liabilities	130,000	130,000	130,000
Working Capital	-72,215,000	-41,987,000	56,417,000
Net Worth	315,048,000	319,199,000	363,313,000

Ratios
Financial Year	12/2016	12/2015	12/2014
Pre-Tax Profit Margin (%)	-2.78 %	-7.12 %	1.58 %
Return On Capital Employed (%)	-2.12 %	-6.44 %	1.40 %
Return On Total Assets Employed (%)	-3.45 %	-10.14 %	2.15 %

Return On Net Assets Employed (%)	-9.61 %	-26.66 %	5.75 %
Sales/Net Working Capital	-15.09	-28.48	23.36
Stock Turnover Ratio (%)	30.39 %	25.77 %	26.57 %
Debtor Days	1.08	8.05	7.97
Creditor Days	28.91	18.23	14.79
Current Ratio	0.87	0.91	1.11
Liquidity Ratio/Acid Test	0.27	0.27	0.44
Current Debt Ratio	1.76	1.51	1.44
Gearing (%)	-	-	-
Equity In Percentage (%)	37.67 %	39.58 %	38.61 %
Total Debt Ratio	1.79	1.63	1.67

Additional Financials Items
Year End Date	2016	2015	2014
Audited Accounts	Yes	Yes	Yes
Auditor Comments	-	-	-

Share Capital Structure

Issued Share Capital 55,687,500 SEK

Shareholders

No shareholders data for this company.

Current Directors
Name	Appointment Date	Position
Claes Evert Åkerblom	02/10/2017	Actual Member of Board
Bert Nicklas Linus Nilsson	30/01/2015	Managing Director
Dan Christer Lundahl	30/01/2017	Actual Member of Board
Johanna Petra Kreft	18/12/2015	Actual Member of Board
Maria Therese Lorenzson	18/12/2015	Actual Member of Board
Niclas Sten Erik Widell	05/07/2007	Actual Member of Board
Torbjörn Olof Frankén	27/03/2013	Actual Member of Board
Madelen Skytt Mikkelsen	30/01/2015	Substitute
Thomas Petter Jonatan Lindblom	26/05/2017	Employee Representative

Previous Directors
Name	Appointment Date	Position	Resignation Date
Andreas Erik Urban Burman	18/12/2015	Chairman of Board	02/10/2017
Jenny Helene Gunnarson	30/01/2015	Actual Member of Board	30/01/2017
Ted Jimmy Robertsson	30/01/2015	Substitute	30/01/2017
Petra Irene Einarsson	27/03/2013	Actual Member of Board	18/12/2015
Aldo Peveri	27/03/2013	Actual Member of Board	30/01/2015
Anders Erik Joakim Sandberg	03/07/2012	Actual Member of Board	30/01/2015
Björn Göran Emanuel Axelsson	27/03/2013	Substitute	30/01/2015
Stefan Ulrich Springmann	02/09/2011	Substitute	30/01/2015

Group Structure

Company Name		Number	Latest Annual
			Accounts
0	Sandvik Aktiebolag	5560003468	31/12/2016
1	Sandvik Mining AB	5566596952	31/12/2016
1	AB Sandvik Skogsfastigheter	5565795464	31/12/2016
1	Sandvik Global Purchasing AB	5560524315	31/12/2016
1	Aktiebolaget Sandvik Coromant	5562346865	31/12/2016
1	Sandvik Hyperion AB	5562346857	31/12/2016
1	Aktiebolaget Sandvik International	5561472977	31/12/2016
1	Aktiebolaget Sandvik Materials Technology	5562346832	31/12/2016
1	IPCO Sweden AB	5563122992	31/12/2016
1	Aktiebolaget Sandvik Steel Investment	5563507853	31/12/2016
1	Dormer Tools Sa		-
1	Gimo Utbildningsaktiebolag	5560614041	31/12/2016
1	Gusab Holding Aktiebolag	5560019290	31/12/2016
1	Gusab Stainless Aktiebolag	5560121138	31/12/2016
1	Industri Aktiebolaget Skomab	5560088345	31/12/2016
2	Mktc, Common Services Ryssland		-
2	Sandvik Mining And Construction Cis Llc		-
1	Sandvik China Holding Co Ltd		-
1	Sandvik Coromant Sverige AB	5563507846	31/12/2016
1	Sandvik Credit Chile Sa		-
1	Sandvik Del Peru Sa		-
1	Sandvik Do Brasil Sa		-
1	Sandvik Endustriyel Mamuller Snayi Ve Ticaret		-
1	Sandvik Far East Ltd, Aktiebolag	5560437781	31/12/2016
1	Sandvik Finance B.V.	24241318	31/12/2016
2	Sandvik PT Aktiebolag	5562075191	31/12/2016
3	Sandvik Chomutov Precision Tubes Sro		-
2	Sandvik Invest Aktiebolag	5560206517	31/12/2016
3	Sandvik Botswana		-
3	Sandvik Namibia		-
3	Sandvik SRP AB	5560130535	31/12/2016
3	AB Sandvik KPS	5563507838	31/12/2016
3	Wolfram Bergbau Und Hutten Ag		-
3	Sandvik Mining and Construction Oy	02116007	31/12/2016
3	Kanthal AB	5564425576	31/12/2016
1	SANDVIK FÖRSÄKRINGS AB	5164016742	-
1	Sandvik Besöksservice AB	5562353838	31/12/2016
1	Sandvik Intellectual Property Aktiebolag	5562889401	31/12/2016
1	Sandvik IT Services AB	5567889059	31/12/2016
1	Sandvik K.K.	140001004795	01/12/2013
1	Sandvik Korea Ltd		-
1	Sandvik Magyarorszag Kft		-
1	Sandvik Materials Technology Do Brasil Sa		-
1	Sandvik Materials Technology EMEA AB	5567342026	31/12/2016
1	Sandvik Mexicana Sa De Cv		-
1	Sandvik Mgs Sa		-
1	Sandvik Middle East Fze		-
1	Sandvik Mining & Construction Do Brasil Sa		-
1	Sandvik Construction AB	5566649983	31/12/2016
1	Sandvik Mining And Construction Drc Sprl		-
1	Sandvik Mining and Construction Köping AB	5567769525	31/12/2016
1	Sandvik Mining And Construction Logistics Ltd		-
1	Sandvik Mining And Construction Mali		-
1	Sandvik Mining and Construction Sverige AB	5562889443	31/12/2016
1	Sandvik Mining and Construction Tools AB	5562347343	31/12/2016
1	Sandvik Mining And Construction Zimbabwe (Pty) L		-
1	Sandvik Mongolia Llc		-
1	Sandvik Nora Aktiebolag	5560750506	31/12/2016
1	Sandvik Polska Sp Zoo		-
1	Sandvik Powder Solutions AB	5560326760	31/12/2016
1	Sandvik Rotary Tools Aktiebolag	5561918920	31/12/2016
1	Sandvik Slovakia Sro		-
1	Sandvik Stål Försäljnings Aktiebolag	5562515386	31/12/2016
1	Sandvik Machining Solutions AB	5566920053	31/12/2016
1	Sandvik Utbildningsaktiebolag	5563048791	31/12/2016
1	Dormer Pramet AB	5562408210	31/12/2016
1	Walter Norden AB	5567524698	31/12/2016
1	Wire Sandviken AB	5567793897	31/12/2016
1	Sandvik Venture AB	5568687155	31/12/2016
1	Seco Tools Aktiebolag	5560711060	31/12/2016
2	Seco Tools South Africa Pty Ltd		-
2	Seco Tools Industria E Comercio Ltda		-
2	Neuilly Sur Seine	532007366	-
2	Jabro Tools B.V.	12016218	31/12/2016
2	Alfa Tool International Aktiebolag	5562912682	31/12/2016
2	Seco Tools Ukraine Ltd		-
2	Seco Tools Srb Doo		-
2	Seco Tools Sk Sro		-
2	Seco Tools Si Doo		-
2	Seco Tools Romania Srl		-
2	Seco Tools Portugal Lda		-
2	Seco Tools Oy	17910270	31/12/2016
2	Seco Tools Ooo		-
2	Seco Tools Manufacturing (Shanghai) Co Ltd		-
2	Seco Tools Korea Ltd		-
2	Seco Tools Kft		-
2	Seco Tools Japan K.K.	010801018720	01/12/2007
2	Seco Tools Italia S.P.A.	00227250131	31/12/2016
2	Seco Tools India (P) Ltd		-
2	Seco Tools Gmbh		-
2	Seco Tools Ges Mbh		-
2	Seco Tools España	A08879298	31/12/2016
2	Seco Tools De Mexico Sa De Cv		-
2	Seco Tools Cz Sro		-
2	Seco Tools Australia Pty Ltd		-
2	Seco Tools Argentina Sa		-
2	Seco Tools AG	CHE102651982	-
2	Seco Tools As	952426818	31/12/2016
2	Seco Tools A/S		-
2	Seco Tools (Sea) Pte Ltd		-
2	Seco Tools (Poland) Sp Zoo		-
2	Seco Logistics (Shanghai) Co Ltd		-
2	Seco Tools Benelux Société Anonyme Sa	414389146	31/12/2016
2	Pramet Scandinavia AB	5560322991	31/12/2016
3	Pramet Tools Sro		-
1	Svensk Export Flyg AB	5569347452	31/12/2016
1	Walter Do Brasil Ltda		-
1	Sandvik Mining And Construction Drc Sprl		-
1	Sandvik Materials Technology (China) Ltd		-
1	Sanrip AB	5566920038	31/12/2016
1	Sandvik Credit AB (publ)	5568437296	31/12/2016
1	Sandvik Finance B.V.	24241318	31/12/2016
2	Sandvik Treasury Aktiebolag (publ)	5566577416	31/12/2016

Negative Information
Debt Balance
No Debt Balance for this company. Record of Non Payment
Number Of Distraint Or Repossessions	0
Number Of Public Claims	0
Number Of Private Claims	0
Number Of Applications	0
Number Of Revoked Applications Latest Public Claim	0
No Latest Public Claim for this company. Latest Private Claim
No Latest Private Claim for this company.

FOREIGN EXCHANGE RATES

Currency	Unit	Indian Rupees
US Dollar	1	INR 67.63
UK Pound	1	INR 89.70
Euro	1	INR 78.20
SEK	1	INR 7.61

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

INFORMATION DETAILS

Analysis Done by :	DIV

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)

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.

MIRA INFORM REPORT

Company Summary

Basic Information

Main Address

Other Addresses

Email Addresses

Web Pages

Employee Information

Advisors

Tax Registrations

Certificates

Industry Comparison

Event History

Status History

Profit and Loss

Balance Sheet

Other Financials

Ratios

Additional Financials Items

Share Capital Structure

Shareholders

Current Directors

Previous Directors

Group Structure

Negative Information

Unit