MIRA
INFORM REPORT
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Report Date : |
23.01.2007 |
IDENTIFICATION DETAILS
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Name : |
D. O'SULLIVAN & CO. ( |
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Registered Office : |
Vernon View,, South Douglas Road,, Cork, Co. |
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Country : |
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Financials (as on) : |
31.12.2004 |
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Date of Incorporation : |
01/01/1946 |
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Com. Reg. No.: |
IE011351 |
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Legal Form : |
Private Limited with share capital |
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Line of Business : |
Manufacturers of paint brushes and brushes for domestic,
commercial and agricultural environs. |
RATING & COMMENTS
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MIRA’s Rating : |
Ba |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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41-55 |
Ba |
Overall operation is considered normal.
Capable to meet normal commitments. |
Satisfactory |
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Status : |
Satisfactory
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Payment Behaviour : |
Regular |
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Litigation : |
Clear |
Company
Identification Details
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Subject Reported on |
D. O'SULLIVAN & CO. ( |
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Trading Address |
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Telephone |
021-4892813 |
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Risk Score |
67 out of 100 |
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Low Risk - There is a high degree of confidence this company
will prove good for the assigned Credit Limit |
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Credit Limit |
EUR 1,100,500 |
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Selling to this company? The Credit Limit is the recommended
maximum outstanding debtor exposure at any one time. |
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Contract Limit |
EUR 7,408,000 |
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Buying from this company? The Contract Limit is the recommended
aggregate annual value for supply contracts. |
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Official Company Data
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Legal Form |
Private Limited with share capital |
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Registration Number |
IE011351 |
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Date of Incorporation |
01/01/1946 |
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Registered Office |
VERNON VIEW,, SOUTH DOUGLAS ROAD,, CORK, CO. |
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Date of Last Annual Return to Registry |
31/12/2005 |
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Activities |
The subject operate as manufacturers of paint brushes and
brushes for domestic, commercial and agricultural environs. They also operate
as suppliers of household textiles. Their markets are both domestic and
export, with overseas customers based in Europe, |
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Accounts |
The last filed accounts cover the period to 31/12/2004 and were
presented to Companies House on |
Recently Filed
Documents
Details
of the most recent documents
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Date Received |
Description |
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It should be noted that there is no legal requirement to file
satisfaction details of mortgages/charges at Companies House. |
Known Directors
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DIRECTOR |
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Occupation |
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Address |
TIGEEN , |
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Date of Birth |
09/09/1958 |
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Appointment Date |
01/01/2001 |
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Other Appointments |
DOSCO PROPERTIES LIMITED, DOSCO LIMITED, DOSCO
(EXPORT) LIMITED, UPDATE LIMITED, I S VARIAN (MANUFACTURING)
LIMITED, I S VARIAN & COMPANY LIMITED, ISVAR
LIMITED, CARRIVILLE, MONSERAT, JAZDALE COMPANY, CALITO
LIMITED |
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DIRECTOR |
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Occupation |
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Address |
WINDWARD , |
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Date of Birth |
27/05/1954 |
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Appointment Date |
01/01/2001 |
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Other Appointments |
DOSCO LIMITED, DOSCO (EXPORT) LIMITED, UPDATE
LIMITED, I S VARIAN (MANUFACTURING) LIMITED, I S VARIAN &
COMPANY LIMITED, ISVAR
LIMITED, CARRIVILLE, MONSERAT, JAZDALE COMPANY |
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SECRETARY |
MICHAEL O'SULLIVAN |
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Address |
, 2 , MARYBOROUGH WOODS , MARYBOROUGH HILL
DOUGLAS |
Recently Resigned
Directors (last 3)
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None |
Share Summary
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Share information is not held for this company. |
Mortgages and Charges
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Total Registered |
4 |
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Total Outstanding |
0 |
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Total Satisfied |
4 |
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Date Registered |
12/12/1973 |
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Satisfied? |
Fully |
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Date Registered |
21/05/1973 |
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Satisfied? |
Fully |
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Date Registered |
28/10/1965 |
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Satisfied? |
Fully |
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Date Registered |
21/02/1958 |
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Date Created |
11/02/1958 |
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Satisfied? |
Fully |
Public Record
Information
Summary of CCJ's/Scottish Decrees
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There are no unsatisfied CCJs against the company. |
Operations
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Activities |
The subject operate as manufacturers of paint brushes and
brushes for domestic, commercial and agricultural environs. They also operate
as suppliers of household textiles. Their markets are both domestic and
export, with overseas customers based in Europe, |
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Sic Code |
Description |
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2972 |
Manufacture of non-electric domestic appliances |
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Staff Employed |
85 |
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Auditors |
ERNST & YOUNG |
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Auditors Notes |
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Bankers |
National Irish Bank |
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Sort Codes |
951653 |
Financial Data
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Profit and Loss |
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The following figures are shown in units of EUR '000 |
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Number of Weeks |
52 |
52 |
52 |
52 |
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Accounts Date |
31/12/2004 |
31/12/2003 |
31/12/2002 |
31/12/2001 |
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Currency |
EUR '000 |
EUR '000 |
EUR '000 |
EUR '000 |
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Consolidated? |
No |
No |
No |
No |
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Balance Sheet |
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The following figures are shown in units of EUR '000 |
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Number of Weeks |
52 |
52 |
52 |
52 |
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Accounts Date |
31/12/2004 |
31/12/2003 |
31/12/2002 |
31/12/2001 |
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Currency |
EUR '000 |
EUR '000 |
EUR '000 |
EUR '000 |
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Consolidated? |
No |
No |
No |
No |
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TOTAL FIXED ASSETS |
5,437 |
3,901 |
2,837 |
590 |
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Tangible Assets |
5,437 |
3,901 |
2,837 |
590 |
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Fixed Assets |
800 |
265 |
200 |
194 |
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Intermediate Assets |
4,637 |
3,637 |
2,637 |
396 |
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TOTAL CURRENT ASSETS |
10,592 |
11,081 |
12,390 |
11,064 |
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Total Debtors |
9,815 |
10,272 |
11,376 |
10,181 |
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Trade Debtors |
- |
- |
- |
1,442 |
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Group Loans |
9,815 |
9,214 |
10,165 |
8,740 |
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Other Debtors |
- |
1,059 |
1,211 |
- |
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Stocks/WIP |
526 |
670 |
835 |
639 |
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Stocks |
511 |
658 |
829 |
633 |
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Work in Progress |
15 |
12 |
6 |
5 |
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Cash |
250 |
139 |
180 |
227 |
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Other Current Assets |
- |
- |
- |
17 |
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TOTAL ASSETS |
16,029 |
14,983 |
15,227 |
11,654 |
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TOTAL CURRENT LIABILITIES |
1,250 |
1,705 |
2,249 |
2,078 |
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Trade creditors |
- |
- |
- |
737 |
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Dividends Payable |
16 |
15 |
204 |
98 |
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Corporation Tax |
148 |
193 |
187 |
203 |
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Other Current Liabilities |
1,086 |
1,497 |
1,859 |
1,040 |
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WORKING CAPITAL |
9,342 |
9,377 |
10,141 |
8,987 |
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TOTAL LONG TERM LIABS |
5,254 |
5,145 |
5,761 |
1,964 |
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Due From Group |
- |
5,145 |
5,761 |
- |
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Other Liabilities |
- |
- |
- |
1,964 |
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Director Loans |
5,254 |
- |
- |
- |
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NET ASSETS/(LIABILITIES) |
9,525 |
8,133 |
7,216 |
7,613 |
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SHARE CAPITAL + RESERVES |
9,525 |
8,133 |
7,216 |
7,613 |
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Issued Share Capital |
53 |
53 |
53 |
67 |
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Profit and Loss account |
9,457 |
8,065 |
7,148 |
7,546 |
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Sundry Reserves |
15 |
15 |
15 |
- |
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SHAREHOLDERS FUNDS |
9,525 |
8,133 |
7,216 |
7,613 |
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CAPITAL EMPLOYED |
14,778 |
13,278 |
12,977 |
9,577 |
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Key Credit Ratios |
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Accounts Date |
31/12/2004 |
31/12/2003 |
31/12/2002 |
31/12/2001 |
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Current Ratio |
8.47 |
6.50 |
5.51 |
5.33 |
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Long Term Debt/T.N.W (%) |
5516.00 |
6326.00 |
7984.00 |
2580.00 |
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Profit Before Tax |
0.00 |
0.00 |
0.00 |
0.00 |
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Debtors Days (D.S.O) |
0.00 |
0.00 |
0.00 |
0.00 |
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Quick Ratio |
0.00 |
0.00 |
0.00 |
501.82 |
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Return on Assets |
0.00 |
0.00 |
0.00 |
0.00 |
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T.N.W/Total Assets |
8.70 |
2.67 |
4.13 |
37.03 |
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Return on Capital |
0.00 |
0.00 |
0.00 |
0.00 |
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Rtn on Shareholders Funds |
0.00 |
0.00 |
0.00 |
0.00 |
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Working Capital/Sales |
0.00 |
0.00 |
0.00 |
0.00 |
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Borrowing Ratio |
0.68 |
0.84 |
1.11 |
0.53 |
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Equity Gearing |
7.62 |
4.77 |
3.21 |
3.66 |
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Stock Turnover |
0.00 |
0.00 |
0.00 |
0.00 |
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Financial Comparison |
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The following figures are shown in units of EUR '000 |
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Number of Weeks |
52 |
52 |
52 |
52 |
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Accounts Date |
31/12/2004 |
31/12/2003 |
31/12/2002 |
31/12/2001 |
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Currency |
EUR '000 |
EUR '000 |
EUR '000 |
EUR '000 |
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Other Deferred Liabs |
- |
- |
- |
1,964 |
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Tangible Net Worth(T.N.W) |
9,525 |
8,133 |
7,216 |
7,613 |
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Equity |
9,525 |
8,133 |
7,216 |
7,613 |
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Number of Employees |
85 |
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- |
- |
Financial Summary
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Working Capital |
The company's working capital decreased in the period by 0% |
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Tangible Net Worth |
Net worth increased by 1,391,534 during the period and now
stands at EUR 9,524,580 |
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Fixed Assets |
The subjects fixed assets increased during the period by
EUR 1,535,392 to EUR 5,436,882 and are now 34% of total assets
compared with 26% in the previous period |
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Long Term Liabilities |
The company's long term liabilities increased during the period
by 2% and are now 55% of net worth compared with 63% in the previous period |
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Long Term Liabilities |
Long term liabilities are now 33% of total assets compared with
34% in the previous period |
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Long Term Liabilities |
Long term liabilities are 36% of capital employed a decrease of
3% 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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