MIRA
INFORM REPORT
|
Report Date : |
10th March, 2007 |
IDENTIFICATION
DETAILS
|
Name : |
AMOROS NATURE S.L. |
|
|
|
|
Registered Office : |
Calle
Flassaders (Santig), 16, Santa Perpetua De Mogoda (Barcelona) |
|
|
|
|
Country : |
Spain |
|
|
|
|
Financials (as on) : |
31.12.2005 |
|
|
|
|
Date of Incorporation : |
13.04.1984 |
|
|
|
|
Legal Form : |
Limited Liability Company |
|
|
|
|
Line of Business : |
Ø
Wholesale of cereals, fertilizers, plants, etc. Ø Wholesale
of grain, seeds and animal feeds |
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 B08904997
NAME AMOROS
NATURE S.L.
TRADE NAME AMOROS
FORMER NAME ALMACEN
DE HERBORISTERIA AMOROS SL
BUSINESS ADDRESS CALLE
FLASSADERS (SANTIG), 16
Postcode 08130
SANTA PERPETUA DE MOGODA (BARCELONA)
URL http://www.amoros-sa.es
TELEPHONE 937181513
FAX 937181714
LEGAL FORM LIMITED
LIABILITY COMPANY
DATE FOUNDED 13/04/1984
CAPITAL 40.267,81 Euros
NUMBER OF EMPLOYEES 25
ACTIVITY 1612200 - Wholesale
of cereals, fertilizers, plants , etc.
CNAE 5121 - Wholesale
of grain, seeds and animal feeds
EXPORT COMPANY YES
IMPORT COMPANY YES
* Characteristics
of the main address
According
to our investigations dated 23/11/2004 these premises are
rented used as office, warehouse located in a
little transited park of industries .
Synthesis
FINANCIAL
SITUATION (Year ending: 31/12/2005)
PROFITABILITY Average
TREASURY Excellent
BALANCE SHEET Excellent
DEBT Low
INCIDENTS
COMMITMENTS Respected
INCIDENTS None
or Negligible
PREVIOUS
EXPERIENCE
PREVIOUS EXPERIENCE Favourable
Credit Appraisal
CREDIT
ACCORDING TO OBJECTIVE DATA (From 0 to 6.000.000,00 Euros):
FAVOURABLE
TOWARDS 152.999,65 Max.
Financial Elements
Figures given in Euros
|
|
Balance
sheet 2.004 (12) |
Balance
sheet 2.005
(12) |
Estimate 2.006
(12) |
|
SALES |
4.369.903,92 |
4.921.008,14 |
5.400.079,27 |
|
ADDED VALUE |
1.248.836,29 |
1.286.905,34 |
|
|
BUSINESS RESULT |
349.735,23 |
259.479,03 |
|
|
OWN FUNDS |
1.558.827,89 |
1.818.306,92 |
|
|
DEBT |
1.461.274,64 |
1.668.797,96 |
|
|
TOTAL ASSET |
3.020.102,53 |
3.487.104,88 |
|
|
The sales of
4.921.008,14 Euros show a change of 12,61%
compared with 2.004 . |
|
|
Added value grew by
3,05% compared with the previous year. Shareholders equity are
1.818.306,92 Euros for an indebtedness of
1.668.797,96 Euros . |
|
|
The result 259.479,03
Euros means financial profitability of 14,27% and
economic profitability of 7,44% . This result means growth of
-25,81% compared with the 2.004 . |
|
|
|
|
|
THE FIGURES FOR THE LAST
BALANCE SHEET ARE RELEVANT: |
|
|
SOURCE: FROM THE
MERCANTILE REGISTER |
|
|
DATE: 06/03/2007 |
|
|
|
|
|
Results Distribution |
|
|
Annual Report Year
Source: 2.005 |
|
|
Figures given in Euros |
|
|
Distribution Base |
|
|
Profit and Loss |
259.479 |
|
Total of Amounts
to be distributed |
259.479 |
|
Distribution a |
|
|
Voluntary Reserve |
259.479 |
Comparative Sector Analysis
|
|
Company |
Sector |
Difference |
|
|
(2.005) |
|
|
|
% of
PRODUCTION VALUE |
|
|
|
|
SALES |
99,99 |
99,11 |
0,88 |
|
ADDED
VALUE |
26,15 |
8,73 |
17,42 |
|
BUSINESS
RESULT |
5,27 |
1,46 |
3,81 |
|
% OF TOTAL
ASSETS |
|
|
|
|
OWN
FUNDS |
52,14 |
32,44 |
19,70 |
|
DEBT |
47,86 |
67,56 |
-19,70 |
Compared sector (CNAE): 512 - Comercio
al por mayor de materias primas agrarias y de animales vivos
Number of companies: 319
Size (Sales Figure): 2.800.000,00
- 7.000.000,00 Euros
The turnover of the company is
0,88% above the mean for the sector.
The company’s added value was
26,15% s/ the production value, and 17,42% above the mean for the
sector.
The company’s business result
was 5,27% of the PV, 3,81% above the mean for the sector.
The company’s own resources are
52,14% , 19,70% above the mean for the sector.
The company’s outside resources
are 47,86% , 19,70% 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 |
|
SOLE ADMINISTRATOR |
TURA AMOROS ANDRES |
03/06/2004 |
|
AUDITOR |
PROFECSA SA |
22/01/2007 |
Functional Managers
|
Position |
Surname and name |
|
FINANCIAL MANAGER |
RUIZ CELIA |
|
COMMERCIAL MANAGER |
TURA COSTAS ANDRES |
|
MANAGER |
TURA AMOROS ANDRES |
Financial Links
|
Shareholders |
||||
|
Company Name |
|
|
Source |
Information Date |
|
TURA AMOROS ANDRES |
|
Major. |
OWN SOURCES |
14/02/2007 |
Proceedings published in the
B.O.R.M.E. (Official Mercantile Register Gazette)
|
Proceedings |
Date |
Notice
Num. |
Mercantile
Reg. |
|
Appointments |
22/01/2007 |
034741 |
BARCELONA |
|
Registration of accounts
(2005) |
11/12/2006 |
969093 |
BARCELONA |
|
Change of name |
24/11/2006 |
562894 |
BARCELONA |
|
Registration of accounts
(2004) |
01/09/2005 |
297244 |
BARCELONA |
|
Registration of accounts
(2003) |
01/09/2004 |
291363 |
BARCELONA |
Commercial Experience
PURCHASES
Import Percentage: 70%
Imports::
Marruecos, Egipto, India y el resto del mundo
SALES
Export Percentage: 5%
Exports::
Paises europeos
Bank Entities
|
Entity |
Branch |
Branch
Address |
Town |
Province |
|
BANCO
DE SABADELL, S.A. |
|
|
SANTA
PERPETUA DE MOGADA |
|
|
BANCO
SANTANDER CENTRAL HISPANO, S.A. |
|
|
SANTA
PERPETUA DE MOGODA |
|
|
BARCLAYS
BANK, S.A. |
|
|
SANTA
PERPETUA DE MOGODA |
|
|
BANCO
DE SABADELL, S.A. |
0022 |
RAMBLA,3 |
SANTA
PERPETUA DE MOGODA |
BARCELONA |
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 06/03/2007
Balance Sheet (ASSETS)
|
(Figures given in Euros)
|
31/12/2003 (12)
|
31/12/2004 (12)
|
31/12/2005 (12)
|
|
|
|
A) DUE FROM SHAREHOLDERS FOR
UNCALLED CAPITAL |
|
|
|
|
|
B) FIXED ASSETS |
311.151,16 |
283.325,46 |
363.904,91 |
|
|
I. Establishment expenses |
|
|
|
|
|
II. Intangible assets |
|
|
|
|
|
III. Tangible assets |
295.083,65 |
267.257,95 |
224.837,40 |
|
|
IV. Financial assets |
16.067,51 |
16.067,51 |
139.067,51 |
|
|
V. Owners equity |
|
|
|
|
|
VI. Long term trade
liabilities |
|
|
|
|
|
C) DEFERRED EXPENSES |
|
|
|
|
|
D) CURRENT ASSETS |
2.197.746,64 |
2.736.777,07 |
3.123.199,97 |
|
|
I. Not paid in shareholder
capital |
|
|
|
|
|
II. Inventory |
1.009.877,67 |
1.275.695,51 |
1.323.983,95 |
|
|
III. Debtors |
968.556,11 |
1.190.140,55 |
1.421.560,67 |
|
|
IV. Short term financial
assets |
|
|
|
|
|
V. Short term owners equity |
|
|
|
|
|
VI. Cash |
214.232,39 |
270.941,01 |
361.645,35 |
|
|
VII. Prepaid expenses and
accrued income |
5.080,47 |
|
16.010,00 |
|
|
ASSETS (A + B + C + D) |
2.508.897,80 |
3.020.102,53 |
3.487.104,88 |
Balance Sheet (LIABILITIES)
|
(Figures given in Euros)
|
31/12/2003 (12)
|
31/12/2004 (12)
|
31/12/2005 (12)
|
|
|
|
A) SHAREHOLDERS EQUITY |
1.996.413,26 |
1.558.827,89 |
1.818.306,92 |
|
|
I. Capital |
60.101,21 |
40.267,81 |
40.267,81 |
|
|
II. Premium share account |
|
|
|
|
|
III. Revaluation reserve |
|
|
|
|
|
IV. Reserves |
1.733.422,06 |
1.168.824,85 |
1.518.560,08 |
|
|
Sundry reserves |
1.733.422,06 |
1.168.824,85 |
1.518.560,08 |
|
|
V. Prior year earnings |
|
|
|
|
|
VI. Prior year profit or
losses |
202.889,99 |
349.735,23 |
259.479,03 |
|
|
VII. Dividend paid during the
year |
|
|
|
|
|
VIII. Own shares for change in
capital |
|
|
|
|
|
B) DEFERRED INCOME |
|
|
|
|
|
C) PROVISIONS FOR LIABILITIES
AND EXPENSES |
|
|
|
|
|
D) LONG TERM LIABILITIES |
18.077,90 |
633.680,58 |
574.567,44 |
|
|
E) SHORT TERM LIABILITIES |
494.406,64 |
827.594,06 |
1.094.230,52 |
|
|
F) SHORT TERM PROVISIONS FOR
LIABILITIES AND EXPENSES |
|
|
|
|
|
LIABILITIES (A + B + C + D + E
+ F) |
2.508.897,80 |
3.020.102,53 |
3.487.104,88 |
Profit and Loss Account
|
(Figures given in Euros)
|
31/12/2003 (12)
|
31/12/2004 (12)
|
31/12/2005 (12)
|
|
|
|
A) EXPENSES (A.1 a A.15) |
|
|
|
|
|
A.1 Operating Expenses |
1.995.474,01 |
2.543.206,51 |
2.985.161,45 |
|
|
A.3. Labor cost |
769.738,97 |
721.006,80 |
809.141,74 |
|
|
Wages |
637.292,60 |
581.045,54 |
650.358,47 |
|
|
Social security expenses |
132.446,37 |
139.961,26 |
158.783,27 |
|
|
A.3. Assets depreciation |
60.167,34 |
53.260,39 |
52.319,86 |
|
|
A.4. Variance in provision for
current assets |
9.116,91 |
-78.725,71 |
2.912,74 |
|
|
A.5. Other operating costs |
485.452,18 |
577.861,12 |
649.373,12 |
|
|
A.I. OPERATING RESULT
(B.1-A.1-A.2-A.3-A.4-A.5) |
309.949,77 |
553.294,81 |
422.531,00 |
|
|
A.6. Financial expenses |
17.374,85 |
27.331,01 |
37.350,83 |
|
|
Other companies debts |
17.374,85 |
27.331,01 |
37.350,83 |
|
|
A.7. Variation in financial
investments provision |
|
|
|
|
|
A.8. Exchange losses |
|
1.420,91 |
356,82 |
|
|
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) |
297.750,74 |
525.831,59 |
388.657,17 |
|
|
A.9. Variation in provision in
fixed assets |
|
|
|
|
|
A.10. Losses in fixed assets |
|
|
|
|
|
A.11. Losses from shares and
bonds |
|
|
|
|
|
A.12. Extraordinary charges |
|
|
|
|
|
A.13. Prior year’s expenses
and losses |
|
|
|
|
|
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) |
518,21 |
5.287,85 |
1.295,00 |
|
|
A.V. EARNINGS / LOSS BEFORE TAXES
(A.III+A.IV-B.III-B.IV) |
298.268,95 |
531.119,44 |
389.952,17 |
|
|
A.14. Corporate Taxes |
95.378,96 |
181.384,21 |
130.473,14 |
|
|
A.15. Other taxes |
|
|
|
|
|
A.VI. YEAR END RESULT (PROFIT)
(A.V-A.14-A.15) |
202.889,99 |
349.735,23 |
259.479,03 |
|
|
B) INCOMES (B.1 a B.8) |
|
|
|
|
|
B.1. Operating income |
3.629.899,18 |
4.369.903,92 |
4.921.439,91 |
|
|
Turnover |
3.617.572,49 |
4.369.903,92 |
4.921.008,14 |
|
|
Other operating income |
12.326,69 |
|
431,77 |
|
|
B.I. OPERATING LOSSES
(A.1+A.2+A.3+A.4+A.5-B.1) |
|
|
|
|
|
B.2. Financial Income |
5.175,82 |
1.288,70 |
3.267,32 |
|
|
Other |
5.175,82 |
1.288,70 |
3.267,32 |
|
|
B.3. Gains on exchange |
|
|
566,50 |
|
|
B.II. FINANCIAL LOSSES (A.6+A.7+A.8-B.2-B.3) |
12.199,03 |
27.463,22 |
33.873,83 |
|
|
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 |
|
|
|
|
|
B.7. Extraordinary income |
517,13 |
5.287,85 |
1.295,00 |
|
|
B.8. Prior year’s income and
profits |
1,08 |
|
|
|
|
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)
|
2.003 (12)
|
2.004 (12)
|
2.005 (12)
|
|
|
|
ACTIVITY |
|
|
|
|
|
Increase of the Sales Figures |
3,03 |
20,80 |
12,61 |
|
|
Assets Turnover |
1,44 |
1,45 |
1,41 |
|
|
Productivity |
1,49 |
1,73 |
1,59 |
|
|
Increase of the Added Value |
21,33 |
8,69 |
3,05 |
|
|
PROFITABILITY |
|
|
|
|
|
Economic Profitability |
8,09 |
11,58 |
7,44 |
|
|
Financial Profitability |
10,16 |
22,44 |
14,27 |
|
|
Financial Expenses |
0,48 |
0,63 |
0,76 |
|
|
BALANCE (IN DAYS OF SALES) |
|
|
|
|
|
Customers’ Credit (In days of
sales) |
96,00 |
98,00 |
104,00 |
|
|
Suppliers’ Credit (In days of
sales) |
|
|
28,00 |
|
|
Working Capital (In days of
sales) |
170,00 |
157,00 |
148,00 |
|
|
Working Capital Requirement
(In days of sales) |
148,00 |
135,00 |
171,00 |
|
|
Treasury (In days of sales) |
21,00 |
22,00 |
0,00 |
|
|
BALANCE |
|
|
|
|
|
Working Capital |
1.703.340,00 |
1.909.183,01 |
2.028.969,45 |
|
|
Working Capital Requirement |
1.489.107,61 |
1.638.242,00 |
2.340.734,88 |
|
|
Treasury |
214.232,39 |
270.941,01 |
-311.765,43 |
|
|
Balance Ratio |
6,47 |
7,74 |
6,58 |
|
|
SOLVENCY |
|
|
|
|
|
Borrowing Ratio |
20,43 |
48,39 |
47,86 |
|
|
Own / Permanent Funds |
99,10 |
71,10 |
75,99 |
|
|
Payback Capacity |
0,14 |
0,34 |
0,34 |
|
|
LIQUIDITY |
|
|
|
|
|
General Liquidity |
4,45 |
3,31 |
2,85 |
|
|
Immediate Liquidity |
0,43 |
0,33 |
0,33 |
Sectorial Analysis
Summary of Assets, Liability
& Equity
|
(Figures given in Percentages)
|
Company |
Sector |
Company |
|
|
2.005 |
|
|
|
Assets |
|||
|
DUE FROM
SHAREHOLDERS FOR UNCALLED CAPITAL |
0,00 |
0,08 |
-0,08 |
|
FIXED ASSETS |
10,44 |
25,63 |
-15,19 |
|
ACCRUED
EXPENSES |
0,00 |
0,20 |
-0,20 |
|
CURRENT
ASSETS |
89,56 |
74,09 |
15,47 |
|
TOTAL ASSETS |
100,00 |
100,00 |
0,00 |
|
Liabilities |
|||
|
SHAREHOLDERS
EQUITY |
52,14 |
32,44 |
19,70 |
|
ACCRUED
INCOME |
0,00 |
0,65 |
-0,65 |
|
RISK AND
EXPENDITURE COVER |
0,00 |
0,12 |
-0,12 |
|
LONG-TERM
CREDITORS |
16,48 |
7,74 |
8,74 |
|
SHORT-TERM
CREDITORS |
31,38 |
58,93 |
-27,55 |
|
SHORT-TERM
RISK AND EXPENDITURE COVER |
0,00 |
0,11 |
-0,11 |
|
TOTAL
LIABILITIES |
100,00 |
100,00 |
0,00 |
Analytical Account of Results
|
(Figures given in Percentages)
|
Company |
Sector |
Company |
|
|
2.005 |
|
|
|
Net turnover |
99,99 |
99,11 |
0,88 |
|
Other
operating income |
0,01 |
0,89 |
-0,88 |
|
Production
Value |
100,00 |
100,00 |
0,00 |
|
Operating
expenses |
60,66 |
84,06 |
-23,41 |
|
Other
operation expenses |
13,19 |
7,21 |
5,99 |
|
Added value |
26,15 |
8,73 |
17,42 |
|
Labor cost |
16,44 |
4,96 |
11,48 |
|
Gross
Economic Result |
9,71 |
3,77 |
5,94 |
|
Assets
depreciation |
1,06 |
1,11 |
-0,04 |
|
Variation in
provision for current assets |
0,06 |
0,17 |
-0,11 |
|
Net Economic
Result |
8,59 |
2,49 |
6,09 |
|
Financial
income |
0,08 |
0,26 |
-0,19 |
|
Financial
expenses |
0,77 |
0,84 |
-0,07 |
|
Variation in
financial investment provision |
0,00 |
-0,02 |
0,02 |
|
Ordinary
Activities Result |
7,90 |
1,93 |
5,96 |
|
Extraordinary
income |
0,03 |
0,32 |
-0,29 |
|
Extraordinary
expenses |
0,00 |
0,10 |
-0,10 |
|
Variation in
provision in fixed assets |
0,00 |
0,05 |
-0,05 |
|
Results
before Taxes |
7,92 |
2,10 |
5,82 |
|
Corporaye
taxes |
2,65 |
0,64 |
2,01 |
|
Net Result |
5,27 |
1,46 |
3,81 |
|
Assets
depreciation |
1,06 |
1,11 |
-0,04 |
|
Provisions fund
variation |
0,06 |
0,20 |
-0,14 |
|
Net
Self-Financing |
6,39 |
2,77 |
3,63 |
Ratios
|
(Figures given in ) |
Company |
Ptile25
|
Medium
|
Ptile75
|
|
|
2.005 |
|
|
|
|
ACTIVITY |
|
|
|
|
|
Increase of
the Sales Figures |
12,61 |
-8,78 |
2,36 |
13,63 |
|
Assets
Turnover |
1,41 |
1,69 |
2,42 |
3,36 |
|
Fixed Assets
Turnover |
13,52 |
6,33 |
12,59 |
30,85 |
|
Increase of
the Added Value |
3,05 |
-10,28 |
2,35 |
15,11 |
|
PRODUCTIVITY |
|
|
|
|
|
Productivity |
1,59 |
1,47 |
1,82 |
2,35 |
|
Change of
Personnel Costs |
12,22 |
-0,96 |
6,46 |
17,41 |
|
Average
Personnel Costs |
31.120,84 |
16.250,53 |
21.161,15 |
26.197,00 |
|
Value Added
by Employees |
49.496,36 |
30.576,65 |
39.558,27 |
51.921,96 |
|
CASH FLOW |
|
|
|
|
|
Cash Flow |
314.711,63 |
45.503,34 |
84.576,22 |
135.055,33 |
|
Operating
Cash Flow |
477.763,60 |
64.165,00 |
112.326,22 |
190.358,00 |
|
Change in
Cash Flow |
-2,95 |
-19,20 |
1,35 |
25,70 |
|
PROFITABILITY |
|
|
|
|
|
Economic
Profitability |
7,44 |
0,99 |
2,35 |
4,52 |
|
Financial
Profitability |
14,27 |
4,77 |
9,06 |
16,75 |
|
Financial
Expenses |
0,76 |
0,15 |
0,43 |
1,06 |
|
Gross Economic
Profitability |
13,70 |
4,94 |
7,65 |
10,74 |
|
Gross
Financial Profitability |
26,28 |
16,16 |
28,83 |
49,60 |
|
BALANCE (IN DAYS OF SALES) |
|
|
|
|
|
Customers’
Credit (In days of sales) |
103,00 |
36,00 |
58,52 |
94,92 |
|
Suppliers’
Credit (In days of sales) |
27,00 |
0,00 |
0,00 |
0,00 |
|
Working
Capital (In days of sales) |
148,00 |
-0,13 |
16,70 |
43,93 |
|
Working
Capital Requirement (In days of sales) |
171,00 |
-11,73 |
6,89 |
28,62 |
|
Treasury (In
days of sales) |
0,00 |
1,74 |
8,06 |
20,92 |
|
Operating
Current Assets |
228,00 |
73,38 |
112,91 |
165,11 |
|
BALANCE |
|
|
|
|
|
Working
Capital |
2.028.969,45 |
-1.031,83 |
190.438,44 |
460.080,37 |
|
Working
Capital Requirement |
2.340.734,88 |
-120.015,70 |
84.163,25 |
312.179,92 |
|
Treasury |
-311.765,43 |
14.755,41 |
76.360,52 |
205.097,37 |
|
Balance
Ratio |
6,58 |
1,00 |
1,75 |
3,30 |
|
SOLVENCY |
|
|
|
|
|
Borrowing
Ratio |
47,86 |
57,05 |
72,98 |
85,17 |
|
Own /
Permanent Funds |
75,99 |
66,13 |
90,38 |
100,00 |
|
Payback
Capacity |
0,34 |
0,18 |
0,27 |
0,39 |
|
Long term
Indebtedness |
16,48 |
0,00 |
2,61 |
13,24 |
|
Gearing |
191,78 |
232,84 |
370,04 |
674,46 |
|
Financing Basic
Ratio |
1,00 |
1,00 |
1,00 |
1,00 |
|
Assets
Guarantee |
2,09 |
1,14 |
1,35 |
1,70 |
|
LIQUIDITY |
|
|
|
|
|
General
Liquidity |
2,85 |
1,00 |
1,20 |
1,59 |
|
Immediate
Liquidity |
0,33 |
0,02 |
0,09 |
0,28 |
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%)