MIRA
INFORM REPORT
|
Report Date : |
8th March, 2007 |
IDENTIFICATION
DETAILS
|
Name : |
MARMOLES DEL CHARCO SA |
|
|
|
|
Registered Office : |
Calle
Viriato 53 55 Bo El Charc 35600 Puerto Del Rosario (Palmas (Las)) |
|
|
|
|
Country : |
Spain |
|
|
|
|
Financials (as on) : |
31.12.2003 |
|
|
|
|
Date of Incorporation : |
22.11.1974 |
|
|
|
|
Legal Form : |
Joint Stock Company |
|
|
|
|
Line of Business : |
Ø
Retail sale of construction materials Ø Retail sale of
hardware, paints and glass |
RATING &
COMMENTS
|
MIRA’s Rating : |
Ba |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Status : |
Satisfactory |
|
|
|
|
Payment Behaviour : |
Regular |
|
|
|
|
Litigation : |
Clear |
Identification and
Characteristics
Tax Number A35028406
NAME MARMOLES
DEL CHARCO SA
BUSINESS ADDRESS CALLE
VIRIATO 53 55 BO EL CHARC
Postcode 35600
PUERTO DEL ROSARIO (PALMAS (LAS))
TELEPHONE 928531450
FAX 928850698
LEGAL FORM JOINT
STOCK COMPANY
DATE FOUNDED 22/11/1974
CAPITAL 60.101,21 Euros
PAID-UP CAPITAL 60.101,21 Euros
NUMBER OF EMPLOYEES 30
ACTIVITY 1653400 - Retail
sale of construction materials
CNAE 5246 - Retail
sale of hardware, paints and glass
IMPORT COMPANY YES
* Characteristics
of the main address
According to our
investigations dated 07/03/2007 these premises are rented
used as shop located in a main commercial area .
Synthesis
INCIDENTS
COMMITMENTS Respected
INCIDENTS None
or Negligible
PREVIOUS
EXPERIENCE
PREVIOUS EXPERIENCE Normal
Credit Appraisal
CREDIT ACCORDING
TO OBJECTIVE DATA (From 0 to 6.000.000,00 Euros):
FAVOURABLE
TOWARDS 25.002,10 Max.
Financial Elements
Figures given in Euros
|
|
Balance
sheet 2.002 (12) |
Balance
sheet 2.003 (12) |
Estimate 2.005
(12) |
|
SALES |
2.965.108,00 |
3.164.977,00 |
3.500.000,00 |
|
ADDED VALUE |
777.864,00 |
768.741,00 |
|
|
BUSINESS RESULT |
147.754,00 |
186.804,00 |
|
|
OWN FUNDS |
1.189.377,00 |
1.376.181,00 |
|
|
DEBT |
1.086.023,00 |
1.291.436,00 |
|
|
TOTAL ASSET |
2.316.709,00 |
2.705.678,00 |
|
The sales of
3.164.977,00 Euros show a change of 6,74%
compared with 2.002 .
Added value grew
by -1,17% compared with the previous year. Shareholders equity are
1.376.181,00 Euros for an indebtedness of 1.291.436,00
Euros .
The result
186.804,00 Euros means financial profitability of
13,57% and economic profitability of 6,90% . This result
means growth of 26,43% compared with the 2.002 .
THE FIGURES FOR
THE LAST BALANCE SHEET ARE RELEVANT:
SOURCE: FROM
THE MERCANTILE REGISTER
DATE: 20/04/2005
Results
Distribution
Annual Report Year
Source: 2.003
Figures given in
Euros
Distribution Base
Profit
and Loss 186.804
Total
of Amounts to be distributed 186.804
Distribution a
Voluntary
Reserve 56.804
Other
funds 130.000
Comparative Sector Analysis
|
|
Company |
Sector |
Difference |
|
|
(2.003)
|
|
|
|
% of PRODUCTION VALUE |
|
|
|
|
SALES |
100,00 |
98,58 |
1,42 |
|
ADDED
VALUE |
24,29 |
19,10 |
5,19 |
|
BUSINESS
RESULT |
5,90 |
2,67 |
3,23 |
|
% OF TOTAL ASSETS |
|
|
|
|
OWN
FUNDS |
50,86 |
39,28 |
11,58 |
|
DEBT |
47,73 |
60,72 |
-12,99 |
Compared sector (CNAE): 524 - Otro
comercio al por menor de artículos nuevos en establecimientos especializados
Number of companies: 699
Size (Sales Figure): 2.800.000,00 -
7.000.000,00 Euros
The turnover of the company is 1,42%
above the mean for the sector.
The company’s added value was 24,29%
s/ the production value, and 5,19% above the mean for the sector.
The company’s business result was
5,90% of the PV, 3,23% above the mean for the sector.
The company’s own resources are 50,86%
, 11,58% above the mean for the sector.
The company’s outside resources are
47,73% , 12,99% below the mean for the sector.
Legal Actions
No legal incidences
registered for this company in the official source
No claims
registered for this company in the official sources
AFFECTED BY:
No significant elemento
Main Board members, Directors and
Auditor
|
Position |
Surname and name |
Date of appointment |
|
CHAIRMAN |
CARRASCOSA GUTIERREZ JUAN JOSE |
14/03/2003 |
|
BOARD MEMBER |
CARRASCOSA MOLINO CRISTOBAL |
14/03/2003 |
|
BOARD MEMBER |
CARRASCOSA MOLINO JUANA MARIA |
14/03/2003 |
|
BOARD MEMBER |
MOLINO MOLINA MARIA |
14/03/2003 |
Functional Managers
|
Position |
Surname and name |
|
FINANCIAL MANAGER |
CARRASCOSA MOLINO CRISTOBAL |
|
COMMERCIAL MANAGER |
CARRASCOSA MOLINO JUANA MARIA |
|
MANAGER |
CARRASCOSA GUTIERREZ JUAN JOSE |
Financial Links
|
Shareholders |
||||
|
Company Name |
|
|
Source |
Information Date |
|
MOLINO MOLINA MARIA |
|
45,00% |
OWN SOURCES |
09/06/2006 |
|
CARRASCOSA GUTIERREZ JUAN JOSE |
|
45,00% |
OWN SOURCES |
09/06/2006 |
|
CARRASCOSA MOLINO JUANA MARIA |
|
Indet. |
OWN SOURCES |
13/04/2005 |
|
CARRASCOSA MOLINO MATIAS |
|
Indet. |
OWN SOURCES |
13/04/2005 |
Proceedings published in the
B.O.R.M.E. (Official Mercantile Register Gazette)
|
Proceedings |
Date |
Notice Num. |
Mercantile Reg. |
|
Registration of accounts
(2005) |
29/11/2006 |
942919 |
61 |
|
Registration of accounts
(2004) |
05/04/2006 |
097227 |
61 |
|
Registration of accounts
(2003) |
25/02/2005 |
075459 |
61 |
|
Registration of accounts
(2002) |
25/02/2005 |
075430 |
61 |
|
Resignations |
14/03/2003 |
110978 |
61 |
Remarks for customer
Here is our provisional report, until we
receive the last balance sheet for this company for 2005.
Brands, Signs and Commercial
Names
|
Prevailing Brands |
|||||
|
Name: |
MARMOLES EL CHARCO |
||||
|
Kind of Brand: |
JOINT |
File: |
M2421532 |
||
|
Request Date: |
17/08/2001 |
Bulletin Date: |
Bulletin Date: |
Current situation: |
APPROVED REGISTER |
|
Types: 19
|
|
||||
Total Marcas: 1
Branches
|
Road |
Postal Code |
Town |
Province |
|
ALOE |
35600 |
PUERTO DEL
ROSARIO |
PALMAS (LAS) |
|
TABAIBA |
35625 |
PAJARA |
PALMAS (LAS) |
Commercial Experience
PURCHASES
Import Percentage: 5%
Imports::
ITALIA
Suppliers International
ROCA
SILESTONE
Total 2
Bank Entities
|
Entity |
Branch |
Branch Address |
Town |
Province |
|
BANCO POPULAR ESPAÑOL, S.A. |
0974 |
FERNANDEZ
CASTAÑEYRA, 16 |
PUERTO DEL
ROSARIO |
PALMAS (LAS) |
|
BANCO SANTANDER CENTRAL HISPANO, S.A. |
0584 |
1 DE MAYO, 31 |
PUERTO DEL
ROSARIO |
PALMAS (LAS) |
The information on the last account
contained in this report is extracted from the Mercantile Register file of the
legal address of the Company and dated 20/04/2005
Balance Sheet (ASSETS)
|
(Figures given in Euros) |
31/12/2001 (12)
|
31/12/2002 (12)
|
31/12/2003 (12)
|
|
|
|
A) DUE FROM SHAREHOLDERS FOR UNCALLED
CAPITAL |
|
|
|
|
|
B) FIXED ASSETS |
1.058.134,00 |
1.161.415,00 |
1.481.485,00 |
|
|
I. Establishment expenses |
|
|
|
|
|
II. Intangible assets |
123.626,19 |
78.022,00 |
82.917,00 |
|
|
III. Tangible assets |
895.361,89 |
1.044.518,00 |
1.009.814,00 |
|
|
IV. Financial assets |
39.145,92 |
38.875,00 |
388.754,00 |
|
|
V. Owners equity |
|
|
|
|
|
VI. Long term trade liabilities |
|
|
|
|
|
C) DEFERRED EXPENSES |
7.226,90 |
2.984,00 |
1.116,00 |
|
|
D) CURRENT ASSETS |
1.209.963,31 |
1.152.310,00 |
1.223.077,00 |
|
|
I. Not paid in shareholder capital |
|
|
|
|
|
II. Inventory |
372.684,13 |
464.312,00 |
424.530,00 |
|
|
III. Debtors |
752.053,78 |
655.085,00 |
725.331,00 |
|
|
IV. Short term financial assets |
12.914,77 |
6.018,00 |
20.475,00 |
|
|
V. Short term owners equity |
|
|
|
|
|
VI. Cash |
72.310,63 |
26.895,00 |
52.741,00 |
|
|
VII. Prepaid expenses and accrued income |
|
|
|
|
|
ASSETS (A + B + C + D) |
2.275.324,21 |
2.316.709,00 |
2.705.678,00 |
Balance Sheet (LIABILITIES)
|
(Figures given in Euros) |
31/12/2001 (12)
|
31/12/2002 (12)
|
31/12/2003 (12)
|
|
|
|
A) SHAREHOLDERS EQUITY |
1.041.623,65 |
1.189.377,00 |
1.376.181,00 |
|
|
I. Capital |
60.101,21 |
60.101,00 |
60.101,00 |
|
|
II. Premium share account |
|
|
|
|
|
III. Revaluation reserve |
|
|
|
|
|
IV. Reserves |
831.885,70 |
981.522,00 |
1.129.276,00 |
|
|
Sundry reserves |
831.885,70 |
981.522,00 |
1.129.276,00 |
|
|
V. Prior year earnings |
|
|
|
|
|
VI. Prior year profit or losses |
149.636,74 |
147.754,00 |
186.804,00 |
|
|
VII. Dividend paid during the year |
|
|
|
|
|
VIII. Own shares for change in capital |
|
|
|
|
|
B) DEFERRED INCOME |
44.556,31 |
41.309,00 |
38.061,00 |
|
|
C) PROVISIONS FOR LIABILITIES AND EXPENSES |
|
|
|
|
|
D) LONG TERM LIABILITIES |
396.240,86 |
309.270,00 |
543.701,00 |
|
|
E) SHORT TERM LIABILITIES |
792.903,39 |
776.753,00 |
747.735,00 |
|
|
F) SHORT TERM PROVISIONS FOR LIABILITIES
AND EXPENSES |
|
|
|
|
|
LIABILITIES (A + B + C + D + E + F) |
2.275.324,21 |
2.316.709,00 |
2.705.678,00 |
Profit and Loss Account
|
(Figures given in Euros) |
31/12/2001 (12)
|
31/12/2002 (12)
|
31/12/2003 (12)
|
|
|
|
A) EXPENSES (A.1 a A.15) |
|
|
|
|
|
A.1 Operating Expenses |
2.201.753,16 |
1.929.678,00 |
2.126.150,00 |
|
|
A.3. Labor cost |
446.372,65 |
449.779,00 |
443.918,00 |
|
|
Wages |
336.837,10 |
344.564,00 |
332.025,00 |
|
|
Social security expenses |
109.535,55 |
105.215,00 |
111.893,00 |
|
|
A.3. Assets depreciation |
65.712,32 |
66.123,00 |
85.255,00 |
|
|
A.4. Variance in provision for current
assets |
68.349,21 |
42.616,00 |
9.051,00 |
|
|
A.5. Other operating costs |
223.082,38 |
257.566,00 |
270.086,00 |
|
|
A.I. OPERATING RESULT
(B.1-A.1-A.2-A.3-A.4-A.5) |
220.329,80 |
219.346,00 |
230.517,00 |
|
|
A.6. Financial expenses |
74.271,80 |
87.209,00 |
48.735,00 |
|
|
Other companies debts |
74.271,80 |
87.209,00 |
48.735,00 |
|
|
A.7. Variation in financial investments
provision |
500,08 |
-1.142,00 |
-319,00 |
|
|
A.8. Exchange losses |
|
|
|
|
|
A.II. POSITIVE FINANCIAL RESULTS
(B.2+B.3-A.6-A.7-A.8) |
|
|
|
|
|
A.III. PROFIT FROM ORDINARY ACTIVITIES
(A.I+A.II-B.I-B.II) |
151.259,55 |
150.700,00 |
200.434,00 |
|
|
A.9. Variation in provision in fixed
assets |
|
|
|
|
|
A.10. Losses in fixed assets |
|
|
3.056,00 |
|
|
A.11. Losses from shares and bonds |
|
|
|
|
|
A.12. Extraordinary charges |
354,60 |
291,00 |
|
|
|
A.13. Prior year’s expenses and losses |
21,64 |
101,00 |
193,00 |
|
|
A.IV. POSITIVE EXTRAORDINARY RESULT
(B.4+B.5+B.6+B.7+B.8-A.9-A.10-A.11-A.12-A.13) |
6.126,92 |
4.320,00 |
648,00 |
|
|
A.V. EARNINGS / LOSS BEFORE TAXES
(A.III+A.IV-B.III-B.IV) |
157.386,47 |
155.020,00 |
201.082,00 |
|
|
A.14. Corporate Taxes |
7.749,73 |
7.266,00 |
14.278,00 |
|
|
A.15. Other taxes |
|
|
|
|
|
A.VI. YEAR END RESULT (PROFIT)
(A.V-A.14-A.15) |
149.636,74 |
147.754,00 |
186.804,00 |
|
|
B) INCOMES (B.1 a B.8) |
|
|
|
|
|
B.1. Operating income |
3.225.599,52 |
2.965.108,00 |
3.164.977,00 |
|
|
Turnover |
3.225.599,52 |
2.965.108,00 |
3.164.977,00 |
|
|
B.I. OPERATING LOSSES
(A.1+A.2+A.3+A.4+A.5-B.1) |
|
|
|
|
|
B.2. Financial Income |
5.670,97 |
17.421,00 |
18.333,00 |
|
|
Other |
5.670,97 |
15.523,00 |
18.333,00 |
|
|
Gains from investments |
|
1.898,00 |
|
|
|
B.3. Gains on exchange |
30,66 |
|
|
|
|
B.II. FINANCIAL LOSSES
(A.6+A.7+A.8-B.2-B.3) |
69.070,25 |
68.646,00 |
30.083,00 |
|
|
B.III. LOSSES FROM ORDINARY ACTIVITIES
(B.I+B.II-A.I-A.II) |
|
|
|
|
|
B.4. Gains from disposal of fixed assets |
|
|
|
|
|
B.5. Gains from dealing in own shares |
|
|
|
|
|
B.6. Paid in surplus |
3.247,56 |
3.248,00 |
3.248,00 |
|
|
B.7. Extraordinary income |
3.255,60 |
1.464,00 |
649,00 |
|
|
B.8. Prior year’s income and profits |
|
|
|
|
|
B.IV. EXTRAORDINARY LOSSES
(A.9+A.10+A.11+A.12+A.13-B.4-B.5-B.6-B.7-B.8) |
|
|
|
|
|
B.V. LOSS BEFORE TAXES
(B.III+B.IV-A.III-A.IV) |
|
|
|
|
|
B.VI. NET LOSS (B.V+A.14+A.15) |
|
|
|
Main Ratios
|
(Figures given in Euros) |
2.001 (12) |
2.002 (12) |
2.003 (12) |
|
|
|
ACTIVITY |
|
|
|
|
|
Increase of the Sales Figures |
5,31 |
-8,08 |
6,74 |
|
|
Assets Turnover |
1,42 |
1,28 |
1,17 |
|
|
Productivity |
1,79 |
1,73 |
1,73 |
|
|
Increase of the Added Value |
8,59 |
-2,86 |
-1,17 |
|
|
PROFITABILITY |
|
|
|
|
|
Economic Profitability |
6,58 |
6,38 |
6,90 |
|
|
Financial Profitability |
14,37 |
12,42 |
13,57 |
|
|
Financial Expenses |
2,30 |
2,94 |
1,54 |
|
|
BALANCE (IN DAYS OF SALES) |
|
|
|
|
|
Customers’ Credit (In days of sales) |
84,00 |
80,00 |
83,00 |
|
|
Suppliers’ Credit (In days of sales) |
|
|
|
|
|
Working Capital (In days of sales) |
47,00 |
46,00 |
54,00 |
|
|
Working Capital Requirement (In days of
sales) |
37,00 |
42,00 |
46,00 |
|
|
Treasury (In days of sales) |
10,00 |
4,00 |
8,00 |
|
|
BALANCE |
|
|
|
|
|
Working Capital |
417.059,92 |
375.557,00 |
475.342,00 |
|
|
Working Capital Requirement |
331.834,52 |
342.644,00 |
402.126,00 |
|
|
Treasury |
85.225,40 |
32.913,00 |
73.216,00 |
|
|
Balance Ratio |
1,39 |
1,32 |
1,32 |
|
|
SOLVENCY |
|
|
|
|
|
Borrowing Ratio |
52,26 |
46,88 |
47,73 |
|
|
Own / Permanent Funds |
70,27 |
77,23 |
70,29 |
|
|
Payback Capacity |
0,35 |
0,35 |
0,40 |
|
|
LIQUIDITY |
|
|
|
|
|
General Liquidity |
1,53 |
1,48 |
1,64 |
|
|
Immediate Liquidity |
0,11 |
0,04 |
0,10 |
Sectorial Analysis
Summary of Assets, Liability
& Equity
|
(Figures given in Percentages) |
Company |
Sector |
Company |
|
|
2.003 |
|
|
|
Assets |
|||
|
DUE FROM SHAREHOLDERS
FOR UNCALLED CAPITAL |
0,00 |
0,02 |
-0,02 |
|
FIXED ASSETS |
54,75 |
34,09 |
20,66 |
|
ACCRUED EXPENSES |
0,04 |
0,44 |
-0,40 |
|
CURRENT ASSETS |
45,20 |
65,44 |
-20,24 |
|
TOTAL ASSETS |
100,00 |
100,00 |
0,00 |
|
Liabilities |
|||
|
SHAREHOLDERS EQUITY |
50,86 |
39,28 |
11,58 |
|
ACCRUED INCOME |
1,41 |
0,56 |
0,85 |
|
RISK AND EXPENDITURE
COVER |
0,00 |
0,05 |
-0,05 |
|
LONG-TERM CREDITORS |
20,09 |
11,29 |
8,80 |
|
SHORT-TERM CREDITORS |
27,64 |
48,81 |
-21,17 |
|
SHORT-TERM RISK AND
EXPENDITURE COVER |
0,00 |
0,01 |
-0,01 |
|
TOTAL LIABILITIES |
100,00 |
100,00 |
0,00 |
Analytical Account of Results
|
(Figures given in Percentages) |
Company |
Sector |
Company |
|
|
2.003 |
|
|
|
Net turnover |
100,00 |
98,58 |
1,42 |
|
Other operating income |
0,00 |
1,42 |
-1,42 |
|
Production Value |
100,00 |
100,00 |
0,00 |
|
Operating expenses |
67,18 |
69,87 |
-2,70 |
|
Other operation expenses |
8,53 |
11,02 |
-2,49 |
|
Added value |
24,29 |
19,10 |
5,19 |
|
Labor cost |
14,03 |
13,16 |
0,87 |
|
Gross Economic Result |
10,26 |
5,94 |
4,32 |
|
Assets depreciation |
2,69 |
1,66 |
1,04 |
|
Variation in provision
for current assets |
0,29 |
0,17 |
0,12 |
|
Net Economic Result |
7,28 |
4,12 |
3,16 |
|
Financial income |
0,58 |
0,38 |
0,20 |
|
Financial expenses |
1,53 |
0,99 |
0,54 |
|
Variation in financial
investment provision |
-0,01 |
0,00 |
-0,01 |
|
Ordinary Activities
Result |
6,33 |
3,50 |
2,83 |
|
Extraordinary income |
0,12 |
0,42 |
-0,30 |
|
Extraordinary expenses |
0,10 |
0,15 |
-0,04 |
|
Variation in provision
in fixed assets |
0,00 |
0,00 |
-0,00 |
|
Results before Taxes |
6,35 |
3,78 |
2,58 |
|
Corporaye taxes |
0,45 |
1,11 |
-0,66 |
|
Net Result |
5,90 |
2,67 |
3,23 |
|
Assets depreciation |
2,69 |
1,66 |
1,04 |
|
Provisions fund
variation |
0,28 |
0,17 |
0,11 |
|
Net Self-Financing |
8,87 |
4,49 |
4,38 |
Ratios
|
(Figures given in ) |
Company |
Ptile25 |
Medium |
Ptile75 |
|
|
2.003 |
|
|
|
|
ACTIVITY |
|
|
|
|
|
Increase of the Sales
Figures |
6,74 |
-3,33 |
4,42 |
13,37 |
|
Assets Turnover |
1,17 |
1,31 |
1,83 |
2,48 |
|
Fixed Assets Turnover |
2,14 |
3,63 |
7,12 |
16,22 |
|
Increase of the Added
Value |
-1,17 |
-4,28 |
4,32 |
14,31 |
|
PRODUCTIVITY |
|
|
|
|
|
Productivity |
1,73 |
1,22 |
1,41 |
1,70 |
|
Change of Personnel
Costs |
-1,30 |
1,53 |
7,91 |
17,26 |
|
Average Personnel Costs |
18.496,58 |
16.763,61 |
20.573,11 |
27.080,75 |
|
Value Added by Employees |
32.030,88 |
23.624,81 |
29.994,37 |
42.976,43 |
|
CASH FLOW |
|
|
|
|
|
Cash Flow |
280.791,00 |
77.777,22 |
126.771,57 |
224.080,54 |
|
Operating Cash Flow |
324.823,00 |
107.091,63 |
185.000,00 |
303.886,26 |
|
Change in Cash Flow |
9,96 |
-25,12 |
-3,68 |
19,30 |
|
PROFITABILITY |
|
|
|
|
|
Economic Profitability |
6,90 |
1,47 |
3,36 |
6,02 |
|
Financial Profitability |
13,57 |
5,27 |
10,35 |
17,11 |
|
Financial Expenses |
1,54 |
0,20 |
0,73 |
1,40 |
|
Gross Economic
Profitability |
12,00 |
5,46 |
8,96 |
13,56 |
|
Gross Financial
Profitability |
23,60 |
17,37 |
29,08 |
45,57 |
|
BALANCE (IN DAYS OF SALES) |
|
|
|
|
|
Customers’ Credit (In
days of sales) |
82,00 |
9,98 |
36,94 |
82,33 |
|
Suppliers’ Credit (In
days of sales) |
|
0,00 |
0,00 |
0,00 |
|
Working Capital (In days
of sales) |
54,00 |
5,44 |
26,53 |
61,86 |
|
Working Capital Requirement
(In days of sales) |
45,00 |
-19,10 |
4,63 |
34,02 |
|
Treasury (In days of
sales) |
8,00 |
4,82 |
16,59 |
43,02 |
|
Operating Current Assets |
139,00 |
99,68 |
132,40 |
180,59 |
|
BALANCE |
|
|
|
|
|
Working Capital |
475.342,00 |
51.755,05 |
271.941,96 |
654.359,43 |
|
Working Capital
Requirement |
402.126,00 |
-193.363,06 |
45.618,44 |
355.436,39 |
|
Treasury |
73.216,00 |
47.050,93 |
178.340,88 |
435.867,55 |
|
Balance Ratio |
1,32 |
1,07 |
1,60 |
2,90 |
|
SOLVENCY |
|
|
|
|
|
Borrowing Ratio |
47,73 |
48,15 |
65,63 |
79,06 |
|
Own / Permanent Funds |
70,29 |
67,45 |
91,12 |
100,00 |
|
Payback Capacity |
0,40 |
0,23 |
0,32 |
0,47 |
|
Long term Indebtedness |
20,10 |
0,00 |
3,44 |
14,60 |
|
Gearing |
196,61 |
192,85 |
290,97 |
477,62 |
|
Financing Basic Ratio |
1,00 |
1,00 |
1,00 |
1,00 |
|
Assets Guarantee |
2,09 |
1,22 |
1,48 |
2,05 |
|
LIQUIDITY |
|
|
|
|
|
General Liquidity |
1,64 |
1,05 |
1,26 |
1,69 |
|
Immediate Liquidity |
0,10 |
0,05 |
0,16 |
0,53 |
RATING
EXPLANATIONS
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
>86 |
Aaa |
Possesses an extremely sound financial base with the strongest
capability for timely payment of interest and principal sums |
Unlimited |
|
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 |
|
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 |
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
26-40 |
B |
Unfavourable & favourable factors carry similar weight in credit
consideration. Capability to overcome financial difficulties seems
comparatively below average/normal. |
Small |
|
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 |
|
<10 |
C |
Absolute credit risk exists. Caution needed to be exercised |
Credit not
recommended |
|
NR |
In view of the lack of information, we have no basis upon which to
recommend credit dealings |
No Rating |
|
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 and their relative weights (as indicated through %) are as
follows:
Financial
condition (40%) Ownership
background (20%) Payment
record (10%)
Credit history
(10%) Market trend
(10%) Operational
size (10%)