MIRA
INFORM REPORT
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Report Date : |
12.01.2007 |
IDENTIFICATION
DETAILS
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Name : |
FACET
GEMS LIMITED |
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Registered Office : |
C/O WESTBURY, 2ND FLOOR, 145-157 SAINT JOHN STREET, LONDON, EC1V 4PY |
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Country : |
United
Kingdom |
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Financials (as on) : |
31.12.2004 |
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Date of Incorporation : |
24/12/2001 |
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Com. Reg. No.: |
04345364 |
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Legal Form : |
Private Limited |
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Line of Business : |
-- |
RATING & COMMENTS
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MIRA’s Rating : |
C |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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<10 |
C |
Absolute credit risk exists. Caution
needed to be exercised |
Credit not recommended |
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Status : |
Poor |
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Payment Behaviour : |
Unknown
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Litigation : |
Clear |
Company Identification Details
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Subject
Reported on |
FACET
GEMS LIMITED |
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Address
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22 ST.
CROSS STREET, LONDON, EC1N 8UH. |
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Telephone
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020
74300637 |
Creditline
Recommendations
|
Monthly
Credit Guide |
GBP 0 |
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Risk
Category |
HIGH RISK |
Official Company Data
|
Legal Form |
Private Limited |
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Registration
Number |
04345364 |
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Date of
Incorporation |
24/12/2001 |
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Registered Office |
C/O WESTBURY, 2ND FLOOR, 145-157 SAINT JOHN
STREET, LONDON, EC1V 4PY. |
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History |
4/10/2002 : The Registered Office address
changed from 22 SAINT CROSS STREET, 3RD FLOOR, HATTON GARD. |
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26/04/2002 : The Registered Office address
changed from 31 CORSHAM STREET, LONDON, N1 6DR. |
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20/03/2002 : Change of name from FRAMCROSS
LIMITED. |
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Date of Last
Annual Return to Registry |
24/12/2005 |
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Accounts |
The last filed accounts at Companies House are
those to 31/12/2004 |
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Accounting
Reference Date |
31/12 |
Operations
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Nace Code |
3622 |
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Auditors |
Westbury |
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Branches |
22 ST. CROSS ST, LONDON, EC1N 8UH. |
Public Record
Information
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Summary of
CCJ's/Scottish Decrees |
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No CCJs/Scottish Decrees are recorded in our
file. |
Summary of Mortgages,
Charges and Satisfactions
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Total Number of
Mortgages/Charges Registered |
3 |
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Number Outstanding
|
3 |
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Number Partially
Satisfied |
0 |
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Number Satisfied |
0 |
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Date of Latest
Mortgage Created |
06/02/2006 |
Details of most
recent Mortgages, Charges and Satisfactions
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Date Fully |
Date |
Date |
Charge |
Form Type |
Lender |
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15/02/2006 |
06/02/2006 |
Fixed And Floating Charge |
395 |
The Royal Bank Of Scotland Commercial Services
Limited |
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16/12/2003 |
11/12/2003 |
Charge Of Deposit |
395 |
The Royal Bank Of Scotland Plc |
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12/06/2003 |
23/05/2003 |
Security Deposit Deed |
395 |
Rockmin Limited |
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It should be noted
that there is no legal requirement to file satisfaction details of
mortgages/charges at Companies House. |
Other Filings and
Notices
|
Date |
Source |
Description |
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31/01/2005 |
Companies House Gazette |
Resolutions which give, vary, revoke or renew
an authority for the purposes of section 80 |
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31/01/2005 |
Companies House Gazette |
Change among the directors of a company |
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31/01/2005 |
Companies House Gazette |
Alteration in memorandum or articles of
association |
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04/10/2002 |
Companies House Gazette |
Resolutions which give, vary, revoke or renew
an authority for the purposes of section 80 |
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04/10/2002 |
Companies House Gazette |
Alteration in memorandum or articles of
association |
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26/04/2002 |
Companies House Gazette |
Change among the directors of a company |
Company Secretary
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Secretary |
AVI BEN EZRA |
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Address |
27 SEFTON AVENUE, MILL HILL, LONDON, NW7 3QB. |
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Country of Origin |
ISRAEL |
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Appointment Date |
31/01/2002 |
Directors
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Director |
AVI BEN EZRA |
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Address |
21 GLENMERE AVENUE, MILL HILL, LONDON, NW7
2LT. |
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Country of Origin |
ISRAEL |
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Date of Birth |
06/07/1972 |
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Appointment Date |
30/12/2004 |
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Other
Directorships |
OLIDEN LTD, A.L JEWELLERY SOLUTIONS LTD |
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Address |
AV. DIAGONAL 463 BIS 4O 2A, 4TH FLOOR SECOND
DOOR, BARCELONA, 08036. |
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Country of Origin |
SPAIN |
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Date of Birth |
06/05/1956 |
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Appointment Date |
31/01/2002 |
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Address |
AV. DIAGONAL 463 BIS 4O 2A, 4TH FLOOR SECOND
DOOR, BARCELONA, 08036. |
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Country of Origin |
SPAIN |
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Date of Birth |
09/07/1961 |
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Appointment Date |
31/01/2002 |
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Address |
AV. DIAGONAL 463 BIS 4O 2A, 4TH FLOOR SECOND
DOOR, BARCELONA, 08036. |
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Country of Origin |
SPAIN |
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Date of Birth |
19/10/1948 |
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Appointment Date |
31/01/2002 |
Share Capital
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Shares |
Ordinary GBP 1.00 |
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Issued Number |
500,000 |
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Principal
Shareholder |
400,000 Facet Pedreros SA |
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100,000 Avi Ben Ezra |
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The above reflects
the principle shareholder(s) by number of shares held, irrespective of share
classification type. |
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Holding Company |
Facet Pedreros SA, a company incorporated
in SPAIN |
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Ultimate Parent |
FACET PEDREROS SA, a company incorporated
in SPAIN |
Payment Analysis
( No Payment Analysis
Data is Available )
Financial Data
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Profit & Loss
Accounts are not available for companies categorised as small companies under
the companies act. |
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Balance Sheet |
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The following
figures are shown in units of 1000 |
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Number of Weeks |
52 |
52 |
53 |
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Accounts Date |
31/12/2004 |
31/12/2003 |
31/12/2002 |
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Currency |
GBP |
GBP |
GBP |
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TOTAL FIXED ASSETS |
15 |
16 |
4 |
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Tangible Assets |
15 |
16 |
4 |
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TOTAL CURRENT
ASSETS |
1606 |
1707 |
1102 |
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Trade debtors |
850 |
970 |
650 |
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Stocks |
574 |
639 |
290 |
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Other Current Assets |
182 |
98 |
162 |
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Cash |
182 |
98 |
162 |
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TOTAL ASSETS |
1621 |
1723 |
1106 |
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TOTAL CURRENT
LIABILITIES |
601 |
406 |
209 |
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Trade creditors |
601 |
406 |
209 |
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WORKING CAPITAL |
1005 |
1301 |
893 |
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TOTAL LONG TERM
LIABS |
443 |
1309 |
916 |
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NET
ASSETS/(LIABILITIES) |
577 |
8 |
(19) |
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SHARE CAPITAL +
RESERVES |
577 |
8 |
(19) |
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Share Cap + Sundry Res |
500 |
20 |
20 |
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Profit and Loss account |
77 |
(12) |
(39) |
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SHAREHOLDERS FUNDS |
577 |
8 |
(19) |
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CAPITAL EMPLOYED |
1020 |
1317 |
897 |
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Financial
Comparison |
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The following
figures are shown in units of 1000 |
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Number of Weeks |
52 |
52 |
53 |
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Accounts Date |
31/12/2004 |
31/12/2003 |
31/12/2002 |
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Currency |
GBP |
GBP |
GBP |
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Liquid Assets |
1032 |
1068 |
812 |
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Net Working
Capital |
1005 |
1301 |
893 |
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Other Deferred
Liabs |
443 |
1309 |
916 |
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Tangible Net
Worth(T.N.W) |
577 |
8 |
(19) |
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Equity |
577 |
8 |
(19) |
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Number of Years
Trading |
3 |
2 |
1 |
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Key Credit Ratios |
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The following
figures are shown as Ratios or Percentages |
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Accounts Date |
31/12/2004 |
31/12/2003 |
31/12/2002 |
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Current Ratio |
2.7 |
4.2 |
5.3 |
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Quick Ratio |
1.7 |
2.6 |
3.9 |
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T.N.W/Total
Assets% |
35.6 |
0.5 |
(1.7) |
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Equity Gearing% |
55.3 |
0.5 |
(1.7) |
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Key Industry Sector
Trends
|
Year |
2006 |
2005 |
2004 |
2003 |
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Sample Size |
186 |
715 |
726 |
618 |
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Pre-Tax Profit
Margin |
17.4 |
7.6 |
4 |
(0.9) |
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Current Ratio |
2.1 |
1.8 |
1.7 |
1.8 |
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Borrowing Ratio |
67.4 |
47.6 |
28.4 |
27.6 |
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Return on Capital |
105.9 |
54.4 |
51.1 |
43.7 |
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Creditors Days |
24 |
67 |
70 |
83 |
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Above figures
relate to companies in 1992 Standard Industry Classification (Nace) sector :
Manufacture of jewellery and related articles |
Financial Summary
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Auditors
Qualification |
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The company has
taken advantage of exemptions under the Companies Act such that the accounts
have not been audited or examined. |
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No Turnover |
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The company's
balance sheet total is less than GBP 5,600,000 and is a medium sized company
as defined by the Companies Act. It is not required to disclose turnover but
it is likely to be in the range of GBP 2,800,000 - GBP 11,200,000. |
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No Pre-Tax Profit |
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The Company is
exempt from the requirement to file a Profit Loss Account. We note that the
difference on the Shareholders Funds shown on the Balance Sheet is GBP
569,000 increase. This suggests that the Company may have made a post-tax
profit of GBP 569,000. |
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Working Capital |
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The company's
working capital, while remaining positive, decreased by 23 % in the period. |
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Net Worth |
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Net worth has
increased by 7,113 % and now stands at GBP 577,000. |
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Long Term
Liabilities |
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The company's long
term liabilities reduced during the period by 66 % and are now 77 % of net
worth compared with 16,363 % in the previous period. |
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Long Term
Liabilities |
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Long term
liabilities are now 27 % of total liabilities compared with 76 % in the
previous period. |
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Long Term
Liabilities |
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Long term
liabilities are 43 % of capital employed, a decrease of 56 % over the
previous period. |
RATING EXPLANATIONS
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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>86 |
Aaa |
Possesses an extremely sound financial
base with the strongest capability for timely payment of interest and
principal sums |
Unlimited |
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71-85 |
Aa |
Possesses adequate working capital. No
caution needed for credit transaction. It has above average (strong)
capability for payment of interest and principal sums |
Large |
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56-70 |
A |
Financial & operational base are
regarded healthy. General unfavourable factors will not cause fatal effect.
Satisfactory capability for payment of interest and principal sums |
Fairly Large |
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41-55 |
Ba |
Overall operation is considered normal.
Capable to meet normal commitments. |
Satisfactory |
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26-40 |
B |
Unfavourable & favourable factors
carry similar weight in credit consideration. Capability to overcome
financial difficulties seems comparatively below average/normal. |
Small |
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11-25 |
Ca |
Adverse factors are apparent. Repayment of
interest and principal sums in default or expected to be in default upon
maturity |
Limited with full security |
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<10 |
C |
Absolute credit risk exists. Caution
needed to be exercised |
Credit not recommended |
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NR |
In view of the lack of information, we have
no basis upon which to recommend credit dealings |
No Rating |
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