MIRA
INFORM REPORT
|
Report Date : |
25.10.2007 |
IDENTIFICATION DETAILS
|
Name : |
G MC
KENZIE S.L. |
|
|
|
|
Registered Office : |
C/Princesa 2, Piso 7, Oficina, |
|
|
|
|
Country : |
|
|
|
|
|
Financials (as on) : |
31.12.2005 |
|
|
|
|
Date of Incorporation : |
02.10.1997 |
|
|
|
|
Legal Form : |
Limited Liability Company |
|
|
|
|
Line of Business : |
Wholesale of other products |
RATING & COMMENTS
|
MIRA’s Rating : |
B |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
26-40 |
B |
Unfavourable & favourable factors carry similar weight in credit
consideration. Capability to overcome financial difficulties seems
comparatively below average. |
Small |
|
Status : |
Moderate |
|
|
|
|
Payment Behaviour : |
Usually Correct |
|
|
|
|
Litigation : |
Clear |
Identification and
Characteristics
Tax Number B38471371
NAME G.
MC. KENZIE S.L.
BUSINESS
ADDRESS URBANIZACION
QUINTA ROJA - RES LAS CALANDRIAS COLONIA 6
Postcode 38390
SANTA URSULA (
FORMER
ADDRESS CALLE
CANDELARIA, 401 - ED OLYMPO.
Postcode 38003
TELEPHONE
914400480
FAX 914475660
LEGAL FORM LIMITED
LIABILITY COMPANY
DATE FOUNDED 02/10/1997
CAPITAL 3.305,57 Euros
NUMBER OF
EMPLOYEES 5
ACTIVITY 1619900 - Wholesale
of other products
CNAE 5170 - Other
wholesale
EXPORT
COMPANY YES
IMPORT
COMPANY YES
* Characteristics of the main address
According to our investigations
dated 27/12/2004 these premises are used as store
.
Synthesis
FINANCIAL SITUATION (Year ending: 31/12/2005)
PROFITABILITY 6/9 Average
TREASURY 3/9 Limited
BALANCE SHEET 3/9 Degraded
DEBT 5/9 Important
INCIDENTS
COMMITMENTS 9/9 Respected
INCIDENTS 9/9 None
or Negligible
PREVIOUS EXPERIENCE
PREVIOUS EXPERIENCE 6/9 Average
Credit Appraisal
CREDIT ACCORDING TO OBJECTIVE DATA (From 0
to 6.000.000,00 Euros):
FAVOURABLE TOWARDS 46.001,47
Max.
SOLVENCY RATING:
9/20 (BASED ON HOMOGENEOUS FORMULATION)
Financial Elements
Figures given in Euros
|
|
Balance
sheet 2.003 (12) |
Balance
sheet 2.004 (12) |
Balance
sheet 2.005 (12) |
% Sales |
|
SALES |
1.060.665,96 |
1.622.864,96 |
1.304.944,01 |
|
|
ADDED VALUE |
164.695,05 |
152.040,09 |
260.057,47 |
19,93 |
|
BUSINESS RESULT |
122.958,76 |
107.969,92 |
109.733,95 |
8,41 |
|
OWN FUNDS |
249.801,59 |
342.771,51 |
435.505,46 |
|
|
DEBT |
809.816,13 |
1.702.381,22 |
2.174.148,56 |
|
|
TOTAL ASSET |
1.059.617,72 |
2.045.152,73 |
2.609.654,02 |
|
The sales of 1.304.944,01
Euros show a change of -19,59% compared with
2.004 . Between 2.003 and 2.004 , this change
was 53,00% .
Added value grew by 71,05%
compared with the previous year. Shareholders equity are 435.505,46
Euros for an indebtedness of 2.174.148,56 Euros .
The result 109.733,95
Euros means financial profitability of 25,20% and
economic profitability of 4,20% . This result means growth of
1,63% compared with the 2.004 .
THE FIGURES FOR THE
LAST BALANCE SHEET ARE RELEVANT
SOURCE: FROM THE MERCANTILE REGISTER
DATE: 04/09/2006
Results Distribution
Annual Report Year Source: 2.005
Figures given in Euros
Distribution Base
Profit and Loss 109.734
Total of Amounts
to be distributed 109.734
Distribution a
Voluntary Reserve 49.734
Dividends 60.000
Comparative Sector
Analysis
|
|
Company |
Sector |
Difference |
|
|
(2.005) |
|
|
|
% of PRODUCTION VALUE |
|
|
|
|
SALES |
100,00 |
98,80 |
1,20 |
|
ADDED VALUE |
19,93 |
20,98 |
-1,05 |
|
BUSINESS RESULT |
8,41 |
2,80 |
5,61 |
|
% OF TOTAL ASSETS |
|
|
|
|
OWN FUNDS |
16,69 |
36,20 |
-19,51 |
|
DEBT |
83,31 |
63,80 |
19,51 |
Compared sector (CNAE): 517 - Otro comercio al por mayor
Number of companies: 2.541
Size (Sales Figure): 0 - 2.800.000,00 Euros
The turnover of the company is 1,20% above the mean for the
sector.
The company’s added value was 19,93% s/ the production value, and
1,05% below the mean for the sector.
The company’s business result was 8,41% of the PV, 5,61%
above the mean for the sector.
The company’s own resources are 16,69% , 19,51% below the
mean for the sector.
The company’s outside resources are 83,31% , 19,51% above
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 DASWANI DASWANI LAL 24/11/1997
Functional Managers
Position Surname
and name
MANAGER DASWANI
SASWANI LAL
Financial Links
Shareholders
Company Name Source Information Date
DASWANI DASWANI
LAL Major.
OWN SOURCES 23/11/2006
Proceedings
published in the B.O.R.M.E. (Official Mercantile Register Gazette)
|
Proceedings |
Date |
Notice Num. |
Mercantile Reg. |
|
Change of statutes |
27/03/2007 |
182352 |
|
|
Change of adress |
27/03/2007 |
182352 |
|
|
Registration of accounts (2005) |
30/08/2006 |
284911 |
|
|
Registration of accounts (2004) |
19/04/2006 |
104281 |
|
|
Registration of accounts (2003) |
20/12/2004 |
945378 |
|
Complementary Information
01/06/05 BLOQUE DE INVESTIGACION:
El numero total de accionistas asciende a 2.
Remarks for
customer
In spite of investigations using every source available (public and
private), no additional details than those contained in this report are
available.
Brands, Signs and
Commercial Names
|
Prevailing Brands |
|||||
|
Name: |
CHIC CHIC |
||||
|
Kind of Brand: |
JOINT |
File: |
M2765488 |
||
|
Request Date: |
07/04/2007 |
Bulletin Date: |
Bulletin Date: |
Current situation: |
REGISTER REQUEST |
|
Types: 14 35 |
|
||||
|
Name: |
MCEN |
||||
|
Kind of Brand: |
JOINT |
File: |
M2731873 |
||
|
Request Date: |
13/09/2006 |
Bulletin Date: |
Bulletin Date: |
Current situation: |
APPROVED REGISTER |
|
Types: 14 |
|
||||
|
Name: |
KENZI |
||||
|
Kind of Brand: |
DENOMINATIVE |
File: |
M2611919 |
||
|
Request Date: |
25/08/2004 |
Bulletin Date: |
Bulletin Date: |
Current situation: |
APPROVED REGISTER |
|
Types: 35 |
|
||||
|
Name: |
MC. KENZIE |
||||
|
Kind of Brand: |
JOINT |
File: |
M2604062 |
||
|
Request Date: |
14/06/2004 |
Bulletin Date: |
Bulletin Date: |
Current situation: |
APPROVED REGISTER |
|
Types: 35 |
|
||||
|
Name: |
MC KENZIE |
||||
|
Kind of Brand: |
DENOMINATIVE |
File: |
M2495851 |
||
|
Request Date: |
30/07/2002 |
Bulletin Date: |
Bulletin Date: |
Current situation: |
APPROVED REGISTER |
|
Types: 39 |
|
||||
Total Marcas: 5
Branches
Address Postal Code Town Province
VALENTIN BEATO
11 28037
Commercial Experience
PURCHASES
Imports::
SALES
Exports::
Bank Entities
Entity Town
CAJA INSULAR DE
AHORROS DE CANARIAS
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 04/09/2006
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 |
20.143,19 |
1.724.529,38 |
1.768.967,23 |
|
|
I. Establishment expenses |
|
|
|
|
|
II. Intangible assets |
745,77 |
523,15 |
6.188,72 |
|
|
III. Tangible assets |
16.393,42 |
1.720.521,05 |
1.758.693,33 |
|
|
IV. Financial assets |
3.004,00 |
3.485,18 |
4.085,18 |
|
|
V. Owners equity |
|
|
|
|
|
VI. Long term trade liabilities |
|
|
|
|
|
C) DEFERRED EXPENSES |
|
|
|
|
|
D) CURRENT ASSETS |
1.039.474,53 |
320.623,35 |
840.686,79 |
|
|
I. Not paid in shareholder capital |
|
|
|
|
|
II. Inventory |
10.194,78 |
18.365,84 |
18.365,84 |
|
|
III. Debtors |
244.351,81 |
4.554,30 |
372.911,75 |
|
|
IV. Short term financial assets |
564.777,82 |
189.329,97 |
405.075,19 |
|
|
V. Short term owners equity |
|
|
|
|
|
VI. Cash |
220.150,12 |
108.373,24 |
44.334,01 |
|
|
VII. Prepaid expenses and accrued income |
|
|
|
|
|
ASSETS (A + B + C + D) |
1.059.617,72 |
2.045.152,73 |
2.609.654,02 |
Balance Sheet (LIABILITIES)
|
(Figures given in Euros) |
31/12/2003 (12) |
31/12/2004 (12) |
31/12/2005 (12) |
|
|
|
A) SHAREHOLDERS EQUITY |
249.801,59 |
342.771,51 |
435.505,46 |
|
|
I. Capital |
3.305,57 |
3.305,57 |
3.305,57 |
|
|
II. Premium share account |
|
|
|
|
|
III. Revaluation reserve |
|
|
|
|
|
IV. Reserves |
123.537,26 |
231.496,02 |
322.465,94 |
|
|
Sundry reserves |
123.537,26 |
231.496,02 |
322.465,94 |
|
|
V. Prior year earnings |
|
|
|
|
|
VI. Prior year profit or losses |
122.958,76 |
107.969,92 |
109.733,95 |
|
|
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 |
479.094,24 |
1.191.162,21 |
1.126.588,85 |
|
|
E) SHORT TERM LIABILITIES |
330.721,89 |
511.219,01 |
1.047.559,71 |
|
|
F) SHORT TERM PROVISIONS FOR LIABILITIES AND EXPENSES |
|
|
|
|
|
LIABILITIES (A + B + C + D + E + F) |
1.059.617,72 |
2.045.152,73 |
2.609.654,02 |
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) |
947.962,19 |
1.573.226,75 |
1.217.523,08 |
|
|
A.1 Operating Expenses |
698.299,44 |
1.183.003,63 |
708.763,08 |
|
|
A.3. Labor cost |
24.145,78 |
48.793,26 |
61.821,67 |
|
|
Wages |
18.358,49 |
37.509,52 |
45.979,62 |
|
|
Social security expenses |
5.787,29 |
11.283,74 |
15.842,05 |
|
|
A.3. Assets depreciation |
6.318,00 |
8.414,63 |
8.414,63 |
|
|
A.4. Variance in provision for current assets |
|
|
|
|
|
A.5. Other operating costs |
197.671,47 |
287.821,24 |
336.123,46 |
|
|
A.I. OPERATING RESULT (B.1-A.1-A.2-A.3-A.4-A.5) |
134.231,27 |
94.832,20 |
189.821,17 |
|
|
A.6. Financial expenses |
669,44 |
18.836,58 |
33.741,77 |
|
|
Debts with associated companies |
|
|
32.978,41 |
|
|
Other companies debts |
669,44 |
18.835,95 |
763,36 |
|
|
Losses from financial investments |
|
0,63 |
|
|
|
A.7. Variation in financial investments provision |
|
|
|
|
|
A.8. Exchange losses |
133,03 |
770,42 |
|
|
|
A.II. POSITIVE FINANCIAL RESULTS (B.2+B.3-A.6-A.7-A.8) |
9.264,16 |
36.980,65 |
|
|
|
A.III. PROFIT FROM ORDINARY ACTIVITIES (A.I+A.II-B.I-B.II) |
143.495,43 |
131.812,85 |
161.902,45 |
|
|
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 |
4.456,99 |
607,14 |
932,62 |
|
|
A.13. Prior year’s expenses and losses |
|
135,60 |
17.884,67 |
|
|
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) |
|
1.001,32 |
|
|
|
A.V. EARNINGS / LOSS BEFORE TAXES (A.III+A.IV-B.III-B.IV) |
139.226,80 |
132.814,17 |
159.575,13 |
|
|
A.14. Corporate Taxes |
16.268,04 |
24.844,25 |
49.841,18 |
|
|
A.15. Other taxes |
|
|
|
|
|
A.VI. YEAR END RESULT (PROFIT) (A.V-A.14-A.15) |
122.958,76 |
107.969,92 |
109.733,95 |
|
|
B) INCOMES (B.1 a B.8) |
1.070.920,95 |
1.681.196,67 |
1.327.257,03 |
|
|
B.1. Operating income |
1.060.665,96 |
1.622.864,96 |
1.304.944,01 |
|
|
Turnover |
1.060.665,96 |
1.622.864,96 |
1.304.944,01 |
|
|
B.I. OPERATING LOSSES (A.1+A.2+A.3+A.4+A.5-B.1) |
|
|
|
|
|
B.2. Financial Income |
6.841,86 |
48.248,92 |
4.523,60 |
|
|
In affiliated companies |
|
2.632,97 |
|
|
|
In associated companies |
|
|
12,05 |
|
|
Other |
6.841,86 |
23.056,02 |
4.511,55 |
|
|
Gains from investments |
|
22.559,93 |
|
|
|
B.3. Gains on exchange |
3.224,77 |
8.338,73 |
1.299,45 |
|
|
B.II. FINANCIAL LOSSES (A.6+A.7+A.8-B.2-B.3) |
|
|
27.918,72 |
|
|
B.III. LOSSES FROM ORDINARY ACTIVITIES (B.I+B.II-A.I-A.II) |
|
|
|
|
|
B.4. Gains from disposal of fixed assets |
|
1.652,78 |
|
|
|
B.5. Gains from dealing in own shares |
|
|
|
|
|
B.6. Paid in surplus |
|
|
|
|
|
B.7. Extraordinary income |
188,36 |
21,88 |
16.489,97 |
|
|
B.8. Prior year’s income and profits |
|
69,40 |
|
|
|
B.IV. EXTRAORDINARY LOSSES
(A.9+A.10+A.11+A.12+A.13-B.4-B.5-B.6-B.7-B.8) |
4.268,63 |
|
2.327,32 |
|
|
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 |
26,51 |
53,00 |
-19,59 |
|
|
Assets Turnover |
1,00 |
0,79 |
0,50 |
|
|
Productivity |
6,82 |
3,12 |
4,21 |
|
|
Increase of the Added Value |
36,42 |
-7,68 |
71,05 |
|
|
PROFITABILITY |
|
|
|
|
|
Economic Profitability |
11,60 |
5,28 |
4,21 |
|
|
Financial Profitability |
49,22 |
31,50 |
25,20 |
|
|
Financial Expenses |
0,06 |
1,16 |
2,59 |
|
|
BALANCE (IN DAYS OF SALES) |
|
|
|
|
|
Customers’ Credit (In days of sales) |
83,00 |
1,00 |
103,00 |
|
|
Suppliers’ Credit (In days of sales) |
|
|
|
|
|
Working Capital (In days of sales) |
241,00 |
0,00 |
0,00 |
|
|
Working Capital Requirement (In days of sales) |
0,00 |
0,00 |
0,00 |
|
|
Treasury (In days of sales) |
266,00 |
66,00 |
124,00 |
|
|
BALANCE |
|
|
|
|
|
Working Capital |
708.752,64 |
-190.595,66 |
-206.872,92 |
|
|
Working Capital Requirement |
-76.175,30 |
-488.298,87 |
-656.282,12 |
|
|
Treasury |
784.927,94 |
297.703,21 |
449.409,20 |
|
|
Balance Ratio |
36,19 |
0,89 |
0,88 |
|
|
SOLVENCY |
|
|
|
|
|
Borrowing Ratio |
76,43 |
83,24 |
83,31 |
|
|
Own / Permanent Funds |
34,27 |
22,35 |
27,88 |
|
|
Payback Capacity |
0,76 |
1,04 |
1,66 |
|
|
LIQUIDITY |
|
|
|
|
|
General Liquidity |
3,14 |
0,63 |
0,80 |
|
|
Immediate Liquidity |
2,37 |
0,58 |
0,43 |
Sectorial Analysis
Summary of Assets, Liability & Equity
|
(Figures given in Percentages) |
Company |
Sector |
Difference |
|
|
2.005 |
|
|
|
Assets |
|||
|
DUE FROM SHAREHOLDERS FOR UNCALLED CAPITAL |
0,00 |
0,07 |
-0,07 |
|
FIXED ASSETS |
67,79 |
27,11 |
40,68 |
|
ACCRUED EXPENSES |
0,00 |
0,48 |
-0,48 |
|
CURRENT ASSETS |
32,21 |
72,34 |
-40,13 |
|
TOTAL ASSETS |
100,00 |
100,00 |
0,00 |
|
Liabilities |
|||
|
SHAREHOLDERS EQUITY |
16,69 |
36,20 |
-19,51 |
|
ACCRUED INCOME |
0,00 |
0,11 |
-0,11 |
|
RISK AND EXPENDITURE COVER |
0,00 |
0,14 |
-0,14 |
|
LONG-TERM CREDITORS |
43,17 |
12,33 |
30,84 |
|
SHORT-TERM CREDITORS |
40,14 |
51,21 |
-11,07 |
|
SHORT-TERM RISK AND EXPENDITURE COVER |
0,00 |
0,02 |
-0,02 |
|
TOTAL LIABILITIES |
100,00 |
100,00 |
0,00 |
Analytical Account
of Results
|
(Figures given in Percentages) |
Company |
Sector |
Difference |
|
|
2.005 |
|
|
|
Net turnover |
100,00 |
98,80 |
1,20 |
|
Other operating income |
0,00 |
1,20 |
-1,20 |
|
Production Value |
100,00 |
100,00 |
0,00 |
|
Operating expenses |
54,31 |
66,01 |
-11,70 |
|
Other operation expenses |
25,76 |
13,02 |
12,74 |
|
Added value |
19,93 |
20,98 |
-1,05 |
|
Labor cost |
4,74 |
14,52 |
-9,78 |
|
Gross Economic Result |
15,19 |
6,45 |
8,74 |
|
Assets depreciation |
0,64 |
1,72 |
-1,08 |
|
Variation in provision for current assets |
0,00 |
0,18 |
-0,18 |
|
Net Economic Result |
14,55 |
4,55 |
9,99 |
|
Financial income |
0,45 |
0,31 |
0,13 |
|
Financial expenses |
2,59 |
1,19 |
1,39 |
|
Variation in financial investment provision |
0,00 |
-0,01 |
0,01 |
|
Ordinary Activities Result |
12,41 |
3,68 |
8,72 |
|
Extraordinary income |
1,26 |
0,39 |
0,87 |
|
Extraordinary expenses |
1,44 |
0,17 |
1,27 |
|
Variation in provision in fixed assets |
0,00 |
0,01 |
-0,01 |
|
Results before Taxes |
12,23 |
3,90 |
8,33 |
|
Corporaye taxes |
3,82 |
1,09 |
2,73 |
|
Net Result |
8,41 |
2,80 |
5,61 |
|
Assets depreciation |
0,64 |
1,72 |
-1,08 |
|
Provisions fund variation |
0,00 |
0,18 |
-0,18 |
|
Net Self-Financing |
9,05 |
4,70 |
4,35 |
Ratios
|
(Figures given in ) |
Company |
Ptile25 |
Medium |
Ptile75 |
|
|
2.005 |
|
|
|
|
ACTIVITY |
|
|
|
|
|
Increase of the Sales Figures |
-19,59 |
-8,53 |
2,33 |
12,86 |
|
Assets Turnover |
0,50 |
1,04 |
1,57 |
2,17 |
|
Fixed Assets Turnover |
0,74 |
3,71 |
9,23 |
23,86 |
|
Increase of the Added Value |
71,04 |
-8,68 |
2,48 |
14,82 |
|
PRODUCTIVITY |
|
|
|
|
|
Productivity |
4,21 |
1,19 |
1,36 |
1,68 |
|
Change of Personnel Costs |
26,70 |
-1,83 |
5,81 |
17,00 |
|
Average Personnel Costs |
12.364,33 |
15.313,40 |
20.991,43 |
28.692,80 |
|
Value Added by Employees |
52.011,49 |
21.412,34 |
30.181,41 |
43.897,00 |
|
CASH FLOW |
|
|
|
|
|
Cash Flow |
118.148,58 |
9.550,82 |
23.312,20 |
52.836,86 |
|
Operating Cash Flow |
198.235,80 |
13.451,27 |
33.478,69 |
75.360,63 |
|
Change in Cash Flow |
1,52 |
-26,77 |
-3,82 |
19,92 |
|
PROFITABILITY |
|
|
|
|
|
Economic Profitability |
4,20 |
0,90 |
2,46 |
5,76 |
|
Financial Profitability |
25,20 |
3,74 |
9,58 |
19,52 |
|
Financial Expenses |
2,59 |
0,19 |
0,71 |
1,68 |
|
Gross Economic Profitability |
7,60 |
4,64 |
8,05 |
13,22 |
|
Gross Financial Profitability |
45,52 |
15,18 |
29,63 |
54,55 |
|
BALANCE (IN DAYS OF SALES) |
|
|
|
|
|
Customers’ Credit (In days of sales) |
102,00 |
42,12 |
78,09 |
122,31 |
|
Suppliers’ Credit (In days of sales) |
|
0,00 |
0,00 |
0,00 |
|
Working Capital (In days of sales) |
0,00 |
9,19 |
39,97 |
88,03 |
|
Working Capital Requirement (In days of sales) |
0,00 |
-18,00 |
12,52 |
49,42 |
|
Treasury (In days of sales) |
123,00 |
5,97 |
19,79 |
47,93 |
|
Operating Current Assets |
231,00 |
123,47 |
171,61 |
245,85 |
|
BALANCE |
|
|
|
|
|
Working Capital |
-206.872,92 |
10.668,62 |
64.709,78 |
188.221,00 |
|
Working Capital Requirement |
-656.282,12 |
-24.255,07 |
16.983,51 |
99.076,27 |
|
Treasury |
449.409,20 |
7.481,76 |
32.336,86 |
90.369,39 |
|
Balance Ratio |
0,88 |
1,16 |
2,07 |
4,73 |
|
SOLVENCY |
|
|
|
|
|
Borrowing Ratio |
83,31 |
51,23 |
71,14 |
84,46 |
|
Own / Permanent Funds |
27,88 |
60,09 |
89,77 |
100,00 |
|
Payback Capacity |
1,66 |
0,26 |
0,40 |
0,62 |
|
Long term Indebtedness |
43,17 |
0,00 |
3,50 |
16,30 |
|
Gearing |
599,22 |
205,06 |
346,46 |
643,41 |
|
Financing Basic Ratio |
1,00 |
1,00 |
1,00 |
1,00 |
|
Assets Guarantee |
1,20 |
1,14 |
1,35 |
1,88 |
|
LIQUIDITY |
|
|
|
|
|
General Liquidity |
0,80 |
1,06 |
1,30 |
1,86 |
|
Immediate Liquidity |
0,43 |
0,04 |
0,16 |
0,46 |
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. |
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%)