MIRA
INFORM REPORT
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Report Date : |
09.05.2007 |
IDENTIFICATION DETAILS
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Name : |
CONFECCIONES MATY SA |
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Registered Office : |
Poligono Industrial Quemadas - Cl Juan Bautista Duran, 207, 14014
Cordoba (Córdoba) |
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Country : |
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Financials (as on) : |
31.12.2005 |
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Date of Incorporation : |
15/11/1985 |
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Legal Form : |
Joint Stock Company |
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Line of Business : |
Manufacture of outerwear |
RATING & COMMENTS
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MIRA’s Rating : |
A |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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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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Status : |
Good |
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Payment Behaviour : |
Regular |
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Litigation : |
Clear |
Identification and
Characteristics
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TAX NUMBER: |
A14067094 |
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NAME: |
CONFECCIONES MATY SA |
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TRADE NAME: |
MATILDECANO |
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BUSINESS ADDRESS:* |
POLIGONO INDUSTRIAL QUEMADAS - CL JUAN
BAUTISTA DURAN, 207 |
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14014 CORDOBA ( CÓRDOBA ) |
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FORMER ADDRESS: |
CALLE HERMANO JUAN FERNANDEZ, S/N |
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14014 CORDOBA ( CÓRDOBA ) |
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URL: |
www.matildecano.es |
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TELEPHONE: |
957325457 |
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FAX: |
957326295 |
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LEGAL FORM: |
JOINT STOCK COMPANY |
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DATE FOUNDED: |
15/11/1985 |
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CAPITAL: |
120.202,42 EUROS |
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PAID-UP CAPITAL: |
120.202,42 EUROS |
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NUMBER OF EMPLOYEES: |
53 |
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ACTIVITY: |
1453400 Mfg. of outerwear |
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CNAE: |
1822 Manufacture of other outerwear |
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EXPORT COMPANY: |
YES |
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IMPORT COMPANY: |
YES |
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* Characteristics of the main address |
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According to our investigations
dated 11/11/2004 these premises are owned (with no official
confirmation) used as office, factory. |
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Synthesis
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Year ending:31/12/2005 |
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FINANCIAL SITUATION |
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PROFITABILITY |
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Average |
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TREASURY |
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Good |
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BALANCE SHEET |
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Excellent |
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DEBT |
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Medium |
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INCIDENTS |
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COMMITMENTS |
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Respected |
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INCIDENTS |
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None or Negligible |
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PREVIOUS EXPERIENCE |
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PREVIOUS
EXPERIENCE |
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Favourable |
Credit Appraisal
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CREDIT ACCORDING TO OBJECTIVE DATA (From 0
to 6.000.000 Euros): |
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FAVOURABLE TOWARDS 108.001,88 Max. Euros |
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SOLVENCY RATING: |
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(BASED ON HOMOGENEOUS FORMULATION). |
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Financial Elements
Figures given in
Euros
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Balance sheet
2003 (12) |
Balance sheet
2004 (12) |
Balance sheet
2005 (12) |
% Sales |
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SALES |
2.143.740,29 |
2.504.079,51 |
3.015.014,61 |
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ADDED VALUE |
936.187,52 |
1.071.561,53 |
1.269.370,53 |
42,1 |
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BUSINESS RESULT |
60.607,12 |
98.280,56 |
154.135,42 |
5,11 |
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OWN FUNDS |
799.508,62 |
897.788,85 |
1.051.924,27 |
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DEBT |
1.104.167,17 |
1.603.142,81 |
2.092.912,34 |
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TOTAL ASSET |
1.903.675,79 |
2.500.931,66 |
3.148.798,00 |
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The sales of de 3.015.014,61 Euros show a change
of 20,4% compared with 2004. Between 2003 and 2004, this change was 16,81%. |
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Added value grew by 18,46% compared with
the previous year. Shareholders equity are 1.051.924,27 Euros for an
indebtedness of 2.092.912,34 Euros |
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The result 154.135,42 Euros means
financial profitability of 14,65% and economic profitability of 4,9%. This
result means growth of 56,83% compared with the 2004. |
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THE FIGURES FOR THE LAST BALANCE SHEET ARE
RELEVANT: |
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SOURCE: THE MERCANTILE REGISTER |
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DATE: 5/February/2007 |
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Results Distribution |
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Annual Report Year Source:2005 |
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Figures given in Euros |
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Distribution Base |
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Profit
and Loss |
154.135,00 |
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Total
of Amounts to be distributed |
154.135,00 |
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Distribution a |
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Voluntary
Reserve |
154.135,00 |
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Auditors’ opinion: |
FAVOURABLE WITH RESERVATIONS (2005) |
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Auditors: |
AUDITEST SUR |
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Auditing Provisos |
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Close Date: 31/12/2005 |
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AL NO ESTAR PRESENTES EN EL RECUENTO
FISICO DE EXISTENCIAS, REALIZADO POR LA SOCIEDAD AL 31 DE DICIEMBRE DE 2005,
NO HEMOS PODIDO SATISFACERNOS DE LA RAZONABILIDAD DE LAS EXISTENCIAS DEL
ACTIVO DEL BALANCE QUE FIGURAN POR UN IMPORTE DE 1.538.310,41 EUROS, NI DE LA
VARIACION DE EXISTENCIAS INCLUIDAS EN CONSUMO DE MATERIAS PRIMAS DEL DEBE DE
LA CUENTA DE PERDIDAS Y GANANCIAS NI DEL CORTE DE OPERACIONES AL CIERRE DEL
EJERCICIO 2005. LA SOCIEDAD NO POSEE UN DETALLE INDIVIDUALIZADO DEL SALDO DE
LOS EFECTOS DESCONTADOS Y PENDIENTES DE VENCIMIENTO AL 31 DE DICIEMBRE DE
2005, POR LO QUE NO HEMOS PODIDO SATISFACERNOS DEL IMPORTE RECOGIDO EN EL
PASIVO DEL BALANCE, EN EL EPIGRAFE DE “DEUDAS CON ENTIDADES DE CREDITO”, POR
IMPORTE DE 416.784,99 EUROS. |
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Comparative Sector
Analysis
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Company |
Sector |
Difference |
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(2005) |
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% of PRODUCTION
VALUE |
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SALES |
99,17 |
98,82 |
0,35 |
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ADDED
VALUE |
41,75 |
24,44 |
17,31 |
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BUSINESS
RESULT |
5,07 |
2,73 |
2,34 |
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% OF TOTAL ASSETS |
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OWN
FUNDS |
33,41 |
41,85 |
-8,44 |
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DEBT |
66,47 |
58,15 |
8,32 |
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Compared sector (CNAE): 182 -
Manufacture of other wearing apparel and accessories Number of companies: 180 Size (Sales Figure):2.800.000,00 -
7.000.000,00 Euros |
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The turnover of the company is 0,35% above
the mean for the sector. The company’s added value was 41,75% s/ the
production value, and 17,31% above the mean for the sector. The company’s business result was 5,07% of
the PV, 2,34% above the mean for the sector. The company’s own resources are 33,41%,
8,44% below the mean for the sector. The company’s outside resources are
66,47%, 8,32% above the mean for the sector. |
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Incidents Recorded
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No legal incidences registered for this
company in the official source |
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No claims registered for this company in
the official sources |
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AFFECTED BY: |
No significant element |
Main Board members,
Directors and
Auditor
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Position |
Surname and name |
Date of
appointment |
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CHAIRMAN |
GUTIERREZ MELERO ANTONIO |
29/08/2006 |
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VICE-PRESIDENT |
CANO TORRES MATILDE |
29/08/2006 |
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CHIEF EXECUTIVE OFFICER |
GUTIERREZ CANO MARIA LUISA |
29/08/2006 |
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ADMINISTRATOR |
ORTEGA CERVERA PABLO |
19/12/2001 |
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ADMINISTRATOR |
GUTIERREZ CANO OLGA |
29/08/2006 |
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AUDITOR |
A AUDITEST SUR SA |
12/01/2006 |
Functional Managers
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Position |
Surname and name |
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MANAGER |
SERRANO CERVERA PABLO |
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FINANCIAL MANAGER |
SERRANO CERVERA PABLO |
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COMMERCIAL MANAGER |
GUTIERREZ OLGA |
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Financial Links
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Shareholders |
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Company Name |
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Percent. |
Source |
Information Date |
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GUTIERREZ CANO OLGA |
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Indet. |
OWN SOURCES |
24/04/2007 |
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GUTIERREZ CANO MARIA LUISA |
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Indet. |
OWN SOURCES |
24/04/2007 |
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CANO TORRES MATILDE |
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Indet. |
OWN SOURCES |
17/10/2002 |
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SERRANO CERVERA PABLO |
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Indet. |
OWN SOURCES |
17/10/2002 |
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GUTIERREZ MELERO ANTONIO |
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Indet. |
OWN SOURCES |
11/11/1996 |
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Shareholdings |
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Company Name |
CIF/ Country |
Percent. |
Source |
Information Date |
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MARISA GUTIERREZ S.L. |
A14068084 |
Indet. |
OWN SOURCES |
17/10/2002 |
Proceedings published
in the B.O.R.M.E.
(Official Mercantile
Register Gazette)
|
PROCEEDINGS |
DATE |
Notice Num. |
MERCANTILE REG. |
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Registration of accounts2005 |
12/01/2007 |
073439 |
Córdoba |
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Re-elections |
29/08/2006 |
428165 |
Córdoba |
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Appointments |
12/01/2006 |
017999 |
Córdoba |
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Registration of accounts2004 |
14/10/2005 |
732698 |
Córdoba |
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Registration of accounts2003 |
21/10/2004 |
681451 |
Córdoba |
Bank Entities
|
Entity |
Branch |
Branch Address |
Town |
Province |
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BANCO SANTANDER CENTRAL HISPANO, S.A. |
1874 |
AV. GRAN
CAPITAN, 8 |
|
Córdoba |
The information on
the last Individual Filed accounts contained in this report is extracted from the
Mercantile Register file of the legal address of the Company and dated
5/February/2007.
Balance Sheet
(Assets)
|
Figures given in Euros |
31/12/2003(12) |
31/12/2004(12) |
31/12/2005(12) |
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A) DUE FROM SHAREHOLDERS FOR UNCALLED
CAPITAL |
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B) FIXED ASSETS |
593.185,38 |
661.167,02 |
845.039,41 |
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I. Establishment expenses |
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II. Intangible assets |
68.679,55 |
60.006,94 |
3.101,64 |
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III. Tangible assets |
422.569,93 |
496.396,20 |
733.901,02 |
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IV. Financial assets |
101.935,90 |
104.763,88 |
108.036,75 |
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V. Owners equity |
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VI. Long term trade
liabilities |
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C) DEFERRED EXPENSES |
375,67 |
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D) CURRENT ASSETS |
1.310.114,74 |
1.839.764,64 |
2.303.758,59 |
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I. Not paid in shareholder
capital |
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II. Inventory |
725.715,09 |
1.158.133,67 |
1.538.310,41 |
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III. Debtors |
289.295,48 |
209.281,52 |
276.926,67 |
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IV. Short term financial
assets |
261.932,75 |
376.671,05 |
410.660,36 |
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V. Short term owners equity |
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VI. Cash |
25.269,79 |
88.056,26 |
68.003,95 |
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VII. Prepaid expenses and
accrued income |
7.901,63 |
7.622,14 |
9.857,20 |
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ASSETS (A + B + C + D) |
1.903.675,79 |
2.500.931,66 |
3.148.798,00 |
Balance Sheet
(Liabilities)
|
Figures given in Euros |
31/12/2003(12) |
31/12/2004(12) |
31/12/2005(12) |
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A) SHAREHOLDERS EQUITY |
799.508,62 |
897.788,85 |
1.051.924,27 |
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I. Capital |
120.202,42 |
120.202,42 |
120.202,42 |
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II. Premium share account |
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III. Revaluation reserve |
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IV. Reserves |
618.699,08 |
679.305,87 |
777.586,43 |
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Sundry reserves |
618.699,08 |
679.305,87 |
777.586,43 |
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V. Prior year earnings |
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VI. Prior year profit or
losses |
60.607,12 |
98.280,56 |
154.135,42 |
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VII. Dividend paid during the
year |
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VIII. Own shares for change in
capital |
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B) DEFERRED INCOME |
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|
3.961,39 |
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C) PROVISIONS FOR LIABILITIES AND EXPENSES |
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D) LONG TERM LIABILITIES |
|
122.728,18 |
98.908,81 |
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E) SHORT TERM LIABILITIES |
1.104.167,17 |
1.480.414,63 |
1.994.003,53 |
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F) SHORT TERM PROVISIONS FOR LIABILITIES
AND EXPENSES |
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LIABILITIES (A + B + C + D + E + F) |
1.903.675,79 |
2.500.931,66 |
3.148.798,00 |
Profit and Loss
Account
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Figures given in Euros |
31/12/2003(12) |
31/12/2004(12) |
31/12/2005(12) |
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A) EXPENSES (A.1 a A.15) |
2.106.554,45 |
2.446.782,33 |
2.901.220,11 |
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A.1 Operating
Expenses |
740.508,81 |
875.763,37 |
1.074.632,74 |
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A.3. Labor cost |
787.971,50 |
879.119,59 |
937.262,60 |
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Wages |
570.605,37 |
654.312,15 |
698.962,48 |
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Social
security expenses |
217.366,13 |
224.807,44 |
238.300,12 |
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A.3. Assets
depreciation |
46.624,24 |
52.923,75 |
83.304,74 |
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A.4. Variance in
provision for current assets |
|
-4.212,42 |
9.303,78 |
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A.5. Other
operating costs |
481.483,28 |
569.895,75 |
696.294,87 |
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A.I. OPERATING RESULT
(B.1-A.1-A.2-A.3-A.4-A.5) |
101.591,78 |
143.730,61 |
239.499,41 |
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A.6. Financial
expenses |
32.857,21 |
38.831,25 |
49.397,92 |
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Other companies
debts |
32.857,21 |
38.831,25 |
49.397,92 |
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A.7. Variation in
financial investments provision |
-0,33 |
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A.8. Exchange
losses |
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A.II. POSITIVE FINANCIAL
RESULTS (B.2+B.3-A.6-A.7-A.8) |
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A.III. PROFIT FROM ORDINARY
ACTIVITIES (A.I+A.II-B.I-B.II) |
73.911,73 |
111.342,84 |
200.259,97 |
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A.9. Variation in
provision in fixed assets |
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A.10. Losses in
fixed assets |
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A.11. Losses from
shares and bonds |
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A.12.
Extraordinary charges |
2.198,66 |
7.678,12 |
962,31 |
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A.13. Prior year’s
expenses and losses |
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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) |
1.606,47 |
13.720,64 |
3.936,60 |
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A.V. EARNINGS / LOSS BEFORE
TAXES (A.III+A.IV-B.III-B.IV) |
75.518,20 |
125.063,48 |
204.196,57 |
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A.14. Corporate
Taxes |
14.911,08 |
26.782,92 |
50.061,15 |
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A.15. Other taxes |
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A.VI. YEAR END RESULT (PROFIT)
(A.V-A.14-A.15) |
60.607,12 |
98.280,56 |
154.135,42 |
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B) INCOMES (B.1 a B.8) |
2.167.161,57 |
2.545.062,89 |
3.055.355,53 |
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B.1. Operating
income |
2.158.179,61 |
2.517.220,65 |
3.040.298,14 |
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Turnover |
2.143.740,29 |
2.504.079,51 |
3.015.014,61 |
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Other
operating income |
14.439,32 |
13.141,14 |
25.283,53 |
|
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B.I. OPERATING LOSSES
(A.1+A.2+A.3+A.4+A.5-B.1) |
|
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|
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B.2. Financial
Income |
5.176,83 |
6.443,48 |
10.158,48 |
|
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Other |
5.176,83 |
6.443,48 |
10.158,48 |
|
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B.3. Gains on
exchange |
|
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|
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B.II. FINANCIAL LOSSES
(A.6+A.7+A.8-B.2-B.3) |
27.680,05 |
32.387,77 |
39.239,44 |
|
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B.III. LOSSES FROM ORDINARY
ACTIVITIES (B.I+B.II-A.I-A.II) |
|
|
|
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B.4. Gains from
disposal of fixed assets |
|
|
3.017,24 |
|
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B.5. Gains from
dealing in own shares |
|
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|
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B.6. Paid in
surplus |
|
|
|
|
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B.7. Extraordinary
income |
3.805,13 |
21.398,76 |
1.881,67 |
|
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B.8. Prior year’s
income and profits |
|
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B.IV. EXTRAORDINARY LOSSES (A.9+A.10+A.11+A.12+A.13 -
B.4-B.5-B.6-B.7-B.8) |
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B.V. LOSS BEFORE TAXES
(B.III+B.IV-A.III-A.IV) |
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B.VI. NET LOSS (B.V+A.14+A.15) |
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Ratios
|
Figures given in Euros |
2003(12) |
2004(12) |
2005(12) |
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ACTIVITY |
|
|
|
|
|
Increase of the
Sales Figures |
11,16 |
16,81 |
20,40 |
|
|
Assets Turnover |
1,13 |
1,00 |
0,96 |
|
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Productivity |
1,19 |
1,22 |
1,35 |
|
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Increase of the
Added Value |
9,86 |
14,46 |
18,46 |
|
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PROFITABILITY |
|
|
|
|
|
Economic
Profitability |
3,18 |
3,93 |
4,89 |
|
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Financial
Profitability |
7,58 |
10,95 |
14,65 |
|
|
Financial Expenses |
1,53 |
1,55 |
1,64 |
|
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BALANCE (IN DAYS OF SALES) |
|
|
|
|
|
Customers’ Credit |
48 |
30 |
33 |
|
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Suppliers’ Credit |
|
|
291 |
|
|
Working Capital |
34 |
51 |
36 |
|
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Working Capital
Requirement |
0 |
0 |
37 |
|
|
Treasury |
48 |
66 |
0 |
|
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BALANCE |
|
|
|
|
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Working Capital |
205.947,57 |
359.350,01 |
309.755,06 |
|
|
Working Capital
Requirement |
-81.254,97 |
-105.377,30 |
313.163,00 |
|
|
Treasury |
287.202,54 |
464.727,31 |
-3.407,94 |
|
|
Balance Ratio |
1,35 |
1,54 |
1,37 |
|
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SOLVENCY |
|
|
|
|
|
Borrowing Ratio |
58,00 |
64,10 |
66,47 |
|
|
Own / Permanent
Funds |
100,00 |
87,97 |
91,09 |
|
|
Payback Capacity |
0,50 |
0,63 |
0,67 |
|
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LIQUIDITY |
|
|
|
|
|
General Liquidity |
1,19 |
1,24 |
1,16 |
|
|
Immediate
Liquidity |
0,26 |
0,31 |
0,24 |
Sectorial Analysis
Summary of Assets, Liability & Equity
|
(Figures given in Percentages) |
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|
Assets |
Company |
Sector |
Difference |
|
|
2005 |
|
|
|
A) DUE FROM SHAREHOLDERS FOR UNCALLED
CAPITAL |
0,00 |
0,04 |
-0,04 |
|
B) FIXED ASSETS |
26,84 |
27,59 |
-0,75 |
|
C) DEFERRED EXPENSES |
0,00 |
0,12 |
-0,12 |
|
D) CURRENT ASSETS |
73,16 |
72,25 |
0,92 |
|
ASSETS (A + B + C + D) |
100,00 |
100,00 |
0,00 |
|
|
|||
|
Liabilities |
Company |
Sector |
Difference |
|
|
2005 |
|
|
|
A) SHAREHOLDERS EQUITY |
33,41 |
41,85 |
-8,44 |
|
B) DEFERRED INCOME |
0,13 |
0,36 |
-0,23 |
|
C) PROVISIONS FOR LIABILITIES AND EXPENSES |
0,00 |
0,14 |
-0,14 |
|
D) LONG TERM LIABILITIES |
3,14 |
8,47 |
-5,32 |
|
E) SHORT TERM LIABILITIES |
63,33 |
49,19 |
14,14 |
|
F) SHORT TERM PROVISIONS FOR LIABILITIES
AND EXPENSES |
0,00 |
0,00 |
0,00 |
|
LIABILITIES (A + B + C + D + E + F) |
100,00 |
100,00 |
0,00 |
|
Analytical Account
of Results |
|||
|
(Figures given in Percentages) |
Company |
Sector |
Difference |
|
|
2005 |
|
|
|
Turnover |
99,17 |
98,82 |
0,35 |
|
Other operating income |
0,83 |
1,18 |
-0,35 |
|
Production Value |
100,00 |
100,00 |
0,00 |
|
Operating costs |
35,35 |
60,47 |
-25,12 |
|
Other operating costs |
22,90 |
15,09 |
7,81 |
|
Added value |
41,75 |
24,44 |
17,31 |
|
Labor cost |
30,83 |
17,30 |
13,52 |
|
Gross Economic Result |
10,92 |
7,14 |
3,79 |
|
Assets depreciation |
2,74 |
1,97 |
0,77 |
|
Variance in provision for current assets |
0,31 |
0,26 |
0,05 |
|
Net Economic Result |
7,88 |
4,91 |
2,96 |
|
Financial Income |
0,33 |
0,32 |
0,01 |
|
Financial Charges |
1,62 |
1,46 |
0,16 |
|
Variation in financial investments
provision |
0,00 |
-0,00 |
0,00 |
|
Ordinary Activities Result |
6,59 |
3,77 |
2,82 |
|
Extraordinary income |
0,16 |
0,47 |
-0,30 |
|
Extraordinary charges |
0,03 |
0,26 |
-0,23 |
|
Variation in provision in fixed assets |
0,00 |
0,00 |
0,01 |
|
Results before Taxes |
6,72 |
3,98 |
2,74 |
|
Society taxes |
1,65 |
1,25 |
0,39 |
|
Net Result |
5,07 |
2,73 |
2,34 |
|
Assets depreciation |
2,74 |
1,97 |
0,77 |
|
Change of Provisions |
0,31 |
0,25 |
0,06 |
|
Net Self-Financing |
8,12 |
4,94 |
3,17 |
|
Ratios |
||||
|
(Figures given in Euros) |
Company |
Ptile25 |
Median |
Ptile75 |
|
|
2005 |
|
|
|
|
ACTIVITY |
|
|
|
|
|
Increase of the Sales Figures |
20,40 |
-9,56 |
-0,88 |
6,27 |
|
Assets Turnover |
0,96 |
1,13 |
1,62 |
2,08 |
|
Fixed Assets Turnover |
3,57 |
3,48 |
7,38 |
19,85 |
|
Increase of the Added Value |
18,46 |
-8,67 |
-0,09 |
10,43 |
|
PRODUCTIVITY |
|
|
|
|
|
Productivity |
1,35 |
1,21 |
1,41 |
1,76 |
|
Change of Personnel Costs |
6,61 |
-4,59 |
1,68 |
10,15 |
|
Average Personnel Costs |
17.684,20 |
16.241,39 |
19.420,99 |
23.706,95 |
|
Value Added by Employees |
23.950,39 |
21.798,25 |
29.560,70 |
40.148,29 |
|
CASH FLOW |
|
|
|
|
|
Cash Flow |
246.743,94 |
83.631,11 |
139.555,16 |
241.214,56 |
|
Operating Cash Flow |
332.107,93 |
133.977,38 |
217.773,46 |
346.289,12 |
|
Change in Cash Flow |
67,86 |
-24,24 |
-3,18 |
18,63 |
|
PROFITABILITY |
|
|
|
|
|
Economic Profitability |
4,89 |
1,02 |
2,78 |
6,27 |
|
Financial Profitability |
14,65 |
3,39 |
8,93 |
17,04 |
|
Financial Expenses |
1,64 |
0,56 |
1,11 |
1,85 |
|
Gross Economic Profitability |
10,55 |
5,96 |
9,38 |
14,88 |
|
Gross Financial Profitability |
31,57 |
14,66 |
27,59 |
48,64 |
|
BALANCE (IN DAYS OF SALES) |
|
|
|
|
|
Customers’ Credit |
33 |
38,78 |
68,96 |
113,75 |
|
Suppliers’ Credit |
291 |
0,00 |
0,00 |
0,00 |
|
Working Capital |
36 |
12,29 |
46,58 |
87,52 |
|
Working Capital Requirement |
37 |
-5,47 |
29,12 |
67,17 |
|
Treasury |
0 |
1,87 |
12,09 |
37,95 |
|
Operating Current Assets |
275 |
115,31 |
173,49 |
231,23 |
|
BALANCE |
|
|
|
|
|
Working Capital |
309.755,06 |
126.447,41 |
445.998,31 |
951.024,93 |
|
Working Capital Requirement |
313.163,00 |
-49.194,06 |
285.454,16 |
685.140,19 |
|
Treasury |
-3.407,94 |
17.265,42 |
127.250,95 |
361.278,74 |
|
Balance Ratio |
1,37 |
1,25 |
1,96 |
4,66 |
|
SOLVENCY |
|
|
|
|
|
Borrowing Ratio |
66,47 |
38,91 |
63,00 |
76,77 |
|
Own / Permanent Funds |
91,09 |
72,38 |
92,09 |
100,00 |
|
Payback Capacity |
0,67 |
0,21 |
0,36 |
0,50 |
|
Long term Indebtedness |
3,14 |
0,00 |
2,58 |
11,03 |
|
Gearing |
299,34 |
163,70 |
270,28 |
430,46 |
|
Financing Basic Ratio |
1,00 |
1,00 |
1,00 |
1,00 |
|
Assets Guarantee |
1,51 |
1,26 |
1,55 |
2,51 |
|
LIQUIDITY |
|
|
|
|
|
General Liquidity |
1,16 |
1,09 |
1,37 |
1,98 |
|
Immediate Liquidity |
0,24 |
0,04 |
0,11 |
0,42 |
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%)