MIRA INFORM REPORT

 

 

 

Report Date :

03.12.2008

 

IDENTIFICATION DETAILS

 

Name :

IMERYS CERAMICS FRANCE

 

 

Registered Office :

154 Rue De L'universite, 75007 Paris 7

 

 

Country :

France

 

 

Financials (as on) :

31.12.2007

 

 

Date of Incorporation :

May, 2006

 

 

Com. Reg. No.:

49009659100014

 

 

Legal Form :

Simplified Joint Stock Company

 

 

Line of Business :

CARRIERES ET TRAVAUX PUBLICS DE SAINT MARCELLIN CATRAPExploitation de gravières et sablières, extraction d'argiles et de kaolin - 38160 ST MARCELLINOperation of gravel and sand, clay extraction and kaolin

 

 

RATING & COMMENTS

 

MIRA’s Rating :

Aa

 

RATING

STATUS

PROPOSED CREDIT LINE

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

 

Maximum Credit Limit :

(€) 2,000,000

 

 

Status :

Very Good

 

 

Payment Behaviour :

Regular

 

 

Litigation :

Clear

 

 

Company Summary

 

Company Details

Company Number

49009659100014

Name

IMERYS CERAMICS FRANCE

Telephone

01 45 50 32 98

Legal form

Simplified joint stock company

RCS Registration

RCS Paris B   490096591

Share Capital

24,391,000

Incorporation Date

05/2006

Address

154 RUE DE L'UNIVERSITE

Postcode

75007 PARIS 7

Nationality

France

 

 

Credit Information Summary

 

Today's Credit Limit (€)

2,000,000

 

 

Judgements Summary

No judgements against this company.

 

 

Directors Summary

 

Directorships

1

 

Accounts Summary (last 3 years)

Accounts Date

31/12/2007

 

 

Turnover

110,252,000

 

 

Networth

62,707,000

 

 

Number of Employees

20 to 49 employees

 

 

 

 

Company Information

 

company details

Company Name

IMERYS CERAMICS FRANCE

Company Number

49009659100014

Activity (APE)

Exploitation de gravières et sablières, extraction d’argiles et de kaolin

Activity (APRM)

 

Currency

EURO (€)

Share capital

24,391,000

Registration Court

Paris (75)

Legal form

Simplified joint stock company

Court Registry Number

06 B 09788

EU VAT Number

FR63490096591

Incorporation Date

05/2006

Formation Date

05/2006

Deregistration Date

 

Last account Date

31/12/2007

Nationality

France

 

 

Establishment details

Postal Address

154 RUE DE L'UNIVERSITE,
75007 PARIS 7,

Trading Address

154 RUE DE L'UNIVERSITE,
75007 PARIS 7,

Telephone

01 45 50 32 98

Type

Head office

Status

Economically active

Formation Date

05/2006

Reason for formation

Formation

Closure Date

 

Reason for closure

 

Reactivation Date

 

Production Role

 

Activity Nature

Services

Activity Location

Office

Location Service

 

Seasonality

 

 

Other establishments

Branches

29 branch entities in this company

Company number

49009659100014

Company name

IMERYS CERAMICS FRANCE

Type

Head office

Activity (ape)

Exploitation de gravières et sablières, extraction d’argiles et de kaolin

Post Code

75007

City

PARIS 7

 

Company number

49009659100261

Company name

IMERYS CERAMICS FRANCE

Type

Secondary establishment

Activity (ape)

Exploitation de gravières et sablières, extraction d’argiles et de kaolin

Post Code

71430

City

SAINT VINCENT BRAGNY

 

Company number

49009659100238

Company name

IMERYS CERAMICS FRANCE

Type

Secondary establishment

Activity (ape)

Exploitation de gravières et sablières, extraction d’argiles et de kaolin

Post Code

66220

City

CAUDIES DE FENOUILLEDES

 

Company number

49009659100295

Company name

IMERYS CERAMICS FRANCE

Type

Secondary establishment

Activity (ape)

Exploitation de gravières et sablières, extraction d’argiles et de kaolin

Post Code

84000

City

AVIGNON

 

Company number

49009659100022

Company name

IMERYS CERAMICS FRANCE

Type

Secondary establishment

Activity (ape)

Exploitation de gravières et sablières, extraction d’argiles et de kaolin

Post Code

71190

City

ETANG SUR ARROUX

 

Company number

49009659100030

Company name

IMERYS CERAMICS FRANCE

Type

Secondary establishment

Activity (ape)

Exploitation de gravières et sablières, extraction d’argiles et de kaolin

Post Code

03230

City

BEAULON

 

Company number

49009659100048

Company name

IMERYS CERAMICS FRANCE

Type

Secondary establishment

Activity (ape)

Exploitation de gravières et sablières, extraction d’argiles et de kaolin

Post Code

36230

City

GOURNAY

 

Company number

49009659100055

Company name

IMERYS CERAMICS FRANCE

Type

Secondary establishment

Activity (ape)

Exploitation de gravières et sablières, extraction d’argiles et de kaolin

Post Code

36220

City

TOURNON SAINT MARTIN

 

Company number

49009659100063

Company name

IMERYS CERAMICS FRANCE

Type

Secondary establishment

Activity (ape)

Exploitation de gravières et sablières, extraction d’argiles et de kaolin

Post Code

58240

City

SAINT PIERRE LE MOUTIER

 

Company number

49009659100071

Company name

IMERYS CERAMICS FRANCE

Type

Secondary establishment

Activity (ape)

Exploitation de gravières et sablières, extraction d’argiles et de kaolin

Post Code

03330

City

ECHASSIERES

 

Company number

49009659100089

Company name

IMERYS CERAMICS FRANCE

Type

Secondary establishment

Activity (ape)

Exploitation de gravières et sablières, extraction d’argiles et de kaolin

Post Code

63590

City

LA CHAPELLE AGNON

 

Company number

49009659100097

Company name

IMERYS CERAMICS FRANCE

Type

Secondary establishment

Activity (ape)

Exploitation de gravières et sablières, extraction d’argiles et de kaolin

Post Code

18330

City

NANCAY

 

Company number

49009659100105

Company name

IMERYS CERAMICS FRANCE

Type

Secondary establishment

Activity (ape)

Exploitation de gravières et sablières, extraction d’argiles et de kaolin

Post Code

29690

City

BERRIEN

 

Company number

49009659100113

Company name

IMERYS CERAMICS FRANCE

Type

Secondary establishment

Activity (ape)

Exploitation de gravières et sablières, extraction d’argiles et de kaolin

Post Code

46150

City

THEDIRAC

 

Company number

49009659100121

Company name

IMERYS CERAMICS FRANCE

Type

Secondary establishment

Activity (ape)

Exploitation de gravières et sablières, extraction d’argiles et de kaolin

Post Code

24340

City

SAINT SULPICE DE MAREUIL

 

Company number

49009659100139

Company name

IMERYS CERAMICS FRANCE

Type

Secondary establishment

Activity (ape)

Exploitation de gravières et sablières, extraction d’argiles et de kaolin

Post Code

36000

City

CHATEAUROUX

 

Company number

49009659100147

Company name

IMERYS CERAMICS FRANCE

Type

Secondary establishment

Activity (ape)

Exploitation de gravières et sablières, extraction d’argiles et de kaolin

Post Code

66220

City

SAINT ARNAC

 

Company number

49009659100154

Company name

IMERYS CERAMICS FRANCE

Type

Secondary establishment

Activity (ape)

Exploitation de gravières et sablières, extraction d’argiles et de kaolin

Post Code

66220

City

CAUDIES DE FENOUILLEDES

 

Company number

49009659100162

Company name

IMERYS CERAMICS FRANCE

Type

Secondary establishment

Activity (ape)

Exploitation de gravières et sablières, extraction d’argiles et de kaolin

Post Code

66220

City

SAINT PAUL DE FENOUILLET

 

Company number

49009659100170

Company name

IMERYS CERAMICS FRANCE

Type

Secondary establishment

Activity (ape)

Exploitation de gravières et sablières, extraction d’argiles et de kaolin

Post Code

56270

City

PLOEMEUR

 

Company number

49009659100188

Company name

IMERYS CERAMICS FRANCE

Type

Secondary establishment

Activity (ape)

Exploitation de gravières et sablières, extraction d’argiles et de kaolin

Post Code

56270

City

PLOEMEUR

 

Company number

49009659100196

Company name

IMERYS CERAMICS FRANCE

Type

Secondary establishment

Activity (ape)

Exploitation de gravières et sablières, extraction d’argiles et de kaolin

Post Code

11140

City

AXAT

 

Company number

49009659100204

Company name

IMERYS CERAMICS FRANCE

Type

Secondary establishment

Activity (ape)

Exploitation de gravières et sablières, extraction d’argiles et de kaolin

Post Code

24800

City

SAINT JEAN DE COLE

 

Company number

49009659100212

Company name

IMERYS CERAMICS FRANCE

Type

Secondary establishment

Activity (ape)

Exploitation de gravières et sablières, extraction d’argiles et de kaolin

Post Code

23600

City

SOUMANS

 

Company number

49009659100220

Company name

IMERYS CERAMICS FRANCE

Type

Secondary establishment

Activity (ape)

Exploitation de gravières et sablières, extraction d’argiles et de kaolin

Post Code

11210

City

PORT LA NOUVELLE

 

Company number

49009659100246

Company name

IMERYS CERAMICS FRANCE

Type

Secondary establishment

Activity (ape)

Exploitation de gravières et sablières, extraction d’argiles et de kaolin

Post Code

77160

City

POIGNY

 

Company number

49009659100253

Company name

IMERYS CERAMICS FRANCE

Type

Secondary establishment

Activity (ape)

Exploitation de gravières et sablières, extraction d’argiles et de kaolin

Post Code

87280

City

LIMOGES

 

Company number

49009659100279

Company name

IMERYS CERAMICS FRANCE

Type

Secondary establishment

Activity (ape)

Exploitation de gravières et sablières, extraction d’argiles et de kaolin

Post Code

37290

City

TOURNON SAINT PIERRE

 

Company number

49009659100287

Company name

IMERYS CERAMICS FRANCE

Type

Secondary establishment

Activity (ape)

Exploitation de gravières et sablières, extraction d’argiles et de kaolin

Post Code

37290

City

BOSSAY SUR CLAISE

 

Regionality

 

Mono-activity status

 

 

Workforces

Workforce at address

20 to 49 employees

Company workforce

20 to 49 employees

 

Accounts & Ratios

 

Profit & Loss

Account Date

31/12/2007

Account period (month)

12

Account Type

Normal Account

Currency

Euro

Turnover

110,252,000

Exports

0

Operating Charges

101,458,000

Operating Profit

12,321,000

Financial Income

1,898,000

Financial Charges

1,865,000

Pre-Tax Profit

12,354,000

Extraordinary Income

0

Extraordinary Charges

13,000

Net Profit

7,684,000

 

 

 

Balance Sheet

Account Date

31/12/2007

Assets

- Tangible assets

42,987,000

Intangible assets

13,061,000

Financial assets

12,449,000

Total fixed assets

68,497,000

Stocks

9,443,000

Receivables

42,639,000

- Trade Receivables

32,918,000

- Misc. Receivables

9,721,000

Cash

11,118,000

Misc. Current Assets

6,000

Total Current Assets

63,206,000

Liabilities

Trade Accounts Payable

19,812,000

Bank Loans and Liabilities

0

Sundry Loan and Liabilities

9,882,000

Advanced Payments Received

50,000

Tax and Social Liabilities

0

Miscellaneous Liabilities

20,166,000

Provisions for Risks & Charges

18,541,000

Other Capital Resources

0

Share Capital

24,391,000

Revaluation Reserve

0

Other Reserves

38,316,000

Total Shareholders Funds

62,707,000

 

Total Assets

131,703,000

Net Worth

49,646,000

 

 

 

Ratios

 

Account Date

31/12/2007

Structure

Protection

47.61%

Net Gearing

7.50%

Repayment Power

59.61%

Capital Requirement

74.00 day

Working Capital Requirement

38.00 day

Net Cash

36.00 day

 

Performance

Return on Invested Capital

28.00%

Return on Equity

12.25%

Gross Profit

40.21% Turnover

Growth v's Year Ago Qtr

110,252,000€

Inventory Returns

0

Receivables Days

113.00 day

Payable Days

108.00 day

 

SIG

Profit

0

Gross Profit

40.21% Turnover

Wage and Salary distribution / Gross Profit

52.55% Turnover

Gross Operating Surplus

17.51% Turnover

Pre-tax Income

11.21% Turnover

Net Profit/Loss

6.97%

 

 

Judgements

 
Collective Procedures

Courts

There are no Judgements filed against this company.

Rncs

There are no Judgements filed against this company.

Bodacc

There are no Judgements filed against this company.

 

Preferentials Rights

No social security and tax office preferential right to date.

 

 

Group Structure

 

Ultimate Parent

Ultimate Parent Company

IMERYS

Companies in Group

114

Company Name

Country

Share

Latest Annual Accounts

IMERYS

562008151

-

31/12/2007

IMERYS TABLEWARE NEW ZEALAND LTD

New Zealand

100 %

N/A

K-T FELDSPAR CORPORATION

United States of America

100 %

N/A

VATUTINSKY

Ukraine

86 %

N/A

K-T CLAY DE MEXICO SA DE CV

Mexico

100 %

N/A

KENTUCKY-TENNESSEE CLAY COMPANY

United States of America

100 %

N/A

IMERYS TC

449354224

100 %

31/12/2006

IMERYS SERVICES

320750730

100 %

31/12/2007

-IMERYS SOUTH AFRICA (PTY) LTD

South Africa

73.97 %

N/A

-SAMREC (PTY) LTD

South Africa

73.97 %

N/A

ECCA HOLDINGS (PTY) LTD

South Africa

73.97 %

N/A

RHINO MINERALS PTY LTD

South Africa

73.97 %

N/A

MRD-ECC CO. LTD

Thailand

68.89 %

N/A

-MIRCAL SA

333160620

100 %

31/12/2007

-IMERYS MINERAUX FRANCE SAS

780112835

100 %

31/12/2007

BLANCS MINÉRAUX DE TUNISIE SA

Tunisia

68 %

N/A

GRAN BIANCO CARRARA

Italy

60 %

N/A

CHARGES MINÉRALES DU PÉRIGORD

351436449

100 %

31/12/2007

IMERYS KILN FURNITURE FRANCE

343362877

100 %

31/12/2007

-MIRCAL ITALIA SRL

Italy

100 %

N/A

PLR REFRACTORIES SRL

Italy

100 %

N/A

WORLD MINERALS LUXEMBOURG

Luxembourg

100 %

N/A

MIRCAL ARGENTINA SRL

Argentina

100 %

N/A

IMERYS MINÉRAUX BELGIQUE SA

Belgium

100 %

N/A

IMERYS TABLEWARE ASIA LTD

New Zealand

100 %

N/A

DAMREC SAS

414635367

100 %

31/12/2007

IMERYS COMERCIO DE EXTRACAO DE MINERIOS LTDA (BRASIL)

Brazil

100 %

N/A

TIMCAL SA

Switzerland

100 %

N/A

-IMERYS CERAMICS FRANCE

490096591

99.99 %

31/12/2007

IMERYS TILES MINERALS ESPANA

Spain

100 %

N/A

A.G.S.

320091119

99.50 %

31/12/2007

-IMERYS TABLEWARE FRANCE

329679146

100 %

31/12/2007

SPICA

Italy

100 %

N/A

ARDOISIÈRES D' ANGERS

344683446

100 %

31/12/2005

-PLR RÉFRACTAIRES SASU

434264297

100 %

31/12/2007

-CALDERYS FRANCE

702031030

100 %

31/12/2007

CALDERYS TAIWAN CO LTD

N/A

100 %

N/A

MIRCAL BRÉSIL

451374474

100 %

31/12/2007

IMERYS MINERALS JAPAN KK

Japan

100 %

N/A

-IMERYS USA, INC.

United States of America

100 %

N/A

GEORGIA MARBLE LAND CO.

United States of America

100 %

N/A

TREIBACHER SCHLEIFMITTEL NORTH AMERICA INC.

United States of America

100 %

N/A

IMERYS MARBLE INC.

United States of America

100 %

N/A

IMERYS KAOLIN INC.

United States of America

100 %

N/A

IMERYS RIO CAPIM CAULIM SA

Brazil

100 %

N/A

IMERYS CARBONATES LLC

United States of America

100 %

N/A

IMERYS CLAYS INC.

United States of America

100 %

N/A

C-E MINERALS INC.

United States of America

100 %

N/A

ECCA CALCIUM PRODUCTS INC.

United States of America

100 %

N/A

IMERYS PIGMENTS INC.

United States of America

100 %

N/A

AMERICARB INC

United States of America

100 %

N/A

CALDERYS BELGIUM

Belgium

100 %

N/A

-MIRCAL EUROPE

444384234

100 %

31/12/2007

IMERYS KILN FURNITURE HUNGARY KFT.

Hungary

100 %

N/A

IMERYS UK LIMITED

United Kingdom

100 %

N/A

IMERYS MINERAL AB

Sweden

100 %

N/A

TIMCAL BELGIUM

Belgium

100 %

N/A

-TREIBACHER SCHLEIFMITTEL AG

Austria

100 %

N/A

TREIBACHER SCHLEIFMITTEL ZSCHORNEWITZ GMBH

Germany

100 %

N/A

TREIBACHER SCHLEIFMITTEL GMBH

Germany

100 %

N/A

TREIBACHER SCHLEIFMITTEL D.O.O.

Slovenia

100 %

N/A

TREIBACHER SCHLEIFMITTEL BRASIL LTDA

Brazil

100 %

N/A

TREIBACHER SCHLEIFMITTEL SPA

Italy

85.87 %

N/A

HARBORLITE AAGEAN ENDUSTRI MINERALLI SANAYI AS

Turkey

99.78 %

N/A

CELITE FRANCE

481549996

100 %

31/12/2006

HARBORLITE FRANCE

388758971

100 %

31/12/2006

WORLD MINERALS EUROPE SAS

408227254

100 %

31/12/2006

CALDERYS DEUTSCHLAND GMBH & CO OHG

Germany

100 %

N/A

KERAPLAN GMBH

Germany

85 %

N/A

PLR FASSADENSYSTEME GMBH

Germany

100 %

N/A

CALDERYS AUSTRIA GMBH

Austria

100 %

N/A

CELITE HISPANICA SA

Spain

100 %

N/A

EUROPERLITA ESPANOLA SA

Spain

100 %

N/A

IMERYS KILN FURNITURE ESPANA SA

Spain

97.11 %

N/A

WORLD MINERALS ESPANA SL

Spain

100 %

N/A

CALDERYS MAGYARORSZAG KFT

Hungary

100 %

N/A

4 M D P L

Italy

100 %

N/A

CALDERYS ITALIA SRL

Italy

100 %

N/A

IMERYS MINERALI SPA

Italy

100 %

N/A

IMERYS TILES MINERALS ITALIA

Italy

100 %

N/A

WORLD MINERALS ITALIA SRL

Italy

100 %

N/A

CALDERYS UK LTD

United Kingdom

100 %

N/A

ELECTRO FURNACE PRODUCTS LTD

United Kingdom

100 %

N/A

UCM GROUP PLC

United Kingdom

100 %

N/A

UNITEC CERAMICS LIMITED

United Kingdom

100 %

N/A

OOO CALDERYS

Russia

100 %

N/A

CALDERYS NORDIC AB

Sweden

100 %

N/A

CALDERYS UKRAINE LTD

Ukraine

74.90 %

N/A

ADVANCED MINERALS CORPORATION

United States of America

100 %

N/A

CELITE CORPORATION

United States of America

100 %

N/A

HARBORLITE CORPORATION

United States of America

100 %

N/A

IMERYS P&A LLC

United States of America

100 %

N/A

IMERYS PAPER CARBONATES LLC

United States of America

100 %

N/A

MUSCLE SHOALS MINERALS INC

United States of America

100 %

N/A

UNIVERSAL AMERICA INC

United States of America

100 %

N/A

CALDERYS SOUTH AFRICA PTY LTD

South Africa

73.97 %

N/A

IMERYS ARGENTINA SRL

Argentina

100 %

N/A

IMERYS MINERALS AUSTRALIA PTY LTD

Australia

100 %

N/A

IMERYS CANADA LP

Canada

100 %

N/A

TIMCAL CANADA INC

Canada

100 %

N/A

CELITE CHILE LTDA

Chile

100 %

N/A

HARBORLITE CHILE LTDA

Chile

100 %

N/A

CELITE PACIFIC LTD

China

100 %

N/A

IMERYS MINING DEVELOPMENT QINGYANG CO LTD

China

100 %

N/A

IMERYS PIGMENTS WUHU CO LTD

China

100 %

N/A

LINJIANG CELITE DIATOMITE CO LTD

China

100 %

N/A

ACE REFRACTORIES LTD

India

99.80 %

N/A

CALDERYS JAPAN CO LTD

Japan

100 %

N/A

IMERYS MINERALS MALAYSIA SDN BHD

Malaysia

100 %

N/A

CELITE MEXICANA SA DE CV

Mexico

100 %

N/A

IMERYS MINERALS TAIWAN LTD

N/A

100 %

N/A

BAOTOU JING YUANG GRAPHITE CO LTD

China

85 %

N/A

JUMBO MINING LTD,

India

100 %

N/A

THE FELDSPAR CORPORATION

United States of America

100 %

N/A

 

 

Event history

 

Status history

Date

Description

04/01/2008

Economically active

10/05/2006

Economically active

 

Recent Publications in Gazettes

Publication Date

Gazette Name

Description

02/07/2008

Bodacc B

Modification et mutation diverse

75 - PARIS
GREFFE DU TRIBUNAL DE COMMERCE DE PARIS
2017 - 490 096 591 RCS paris. IMERYS CERAMICS FRANCE. Forme : Société par actions simplifiée. Administration : Président partant : Hautin, Olivier, nomination du Président : Daniellou, Pierre. Capital : 24391012 EUR. Activité : Exploitation directe ou indirecte tant en France qu'à l'étranger de tous gisements d'argiles de kaolin de feldspath de quartz de carbonate de calcium de grès ferrugineux de mica de fluorine de barytine ainsi que tous gisements d'autres matières nécéssaires aux industries chimiques réfractaires céramiques et connexes et plus généralement de toutes substances minérales utilisables dans l'économie et la transformation de ces substances ainsi que toutes activités économiques et financières se rapportant directement ou indirectement à tout ce qui précède.
Adresse du siège social : 154 rue de l'Université, 75007 Paris.
Commentaires : modification survenue sur l'administration.

 

 

 

 

Company events history

 

Date

Description

15/07/2008

Private document

15/07/2008

Updated articles of association

15/07/2008

Minutes of general meeting of shareholders

02/07/2008

New Bodacc B ads detected

09/04/2008

Private document

09/04/2008

Minutes of general meeting of shareholders

09/04/2008

Appointment/resignation of company officers

01/04/2008

Other modification of Establishment

01/04/2008

Formation of Establishment

31/12/2007

New accounts available

01/06/2007

Formation of Establishment

28/03/2007

Private document

28/03/2007

Change to corporate purpose

28/03/2007

New company name

28/03/2007

Minutes of general meeting of shareholders

28/03/2007

Declaration of conformity

28/03/2007

Capital reduction

28/03/2007

Updated articles of association

28/03/2007

Appointment/resignation of company officers

28/03/2007

Amendment

 

 

Establishment events history

Date

Description

22/10/2008

Update of phone numbers

03/09/2008

Update Rating

27/08/2008

Update Rating

27/08/2008

Update Limit

15/04/2008

Update Rating

01/04/2008

Modification of Head office

05/03/2008

Update Rating

11/12/2007

Update Limit

09/12/2007

Update Limit

07/08/2007

Update Rating

06/07/2007

Update Rating

15/06/2007

Update of phone numbers

13/06/2007

Update of phone numbers

06/06/2007

Update Limit

06/06/2007

Update Rating

01/06/2007

Update Limit

01/06/2007

Modification of Head office

31/05/2007

Update Rating

01/03/2007

Modification of Establishment Activity

28/02/2007

Modification of Head office

 

 

Directors

 

Director

Name

M DANIELLOU PIERRE

Manager position

Président

Date of birth

06/18/1958

Place of birth

NANTES

Type of manager

Individual

Name at birth of manager

 

 

 

 

FOREIGN EXCHANGE RATES

 

Currency
Unit

Indian Rupees

US Dollar

1

Rs.49.90

UK Pound

1

Rs.74.30

Euro

1

Rs.63.42

 

 

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.

 

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%)

 

 

 

 

PRIVATE & CONFIDENTIAL : This information is provided to you at your request, you having employed MIPL for such purpose. You will use the information as aid only in determining the propriety of giving credit and generally as an aid to your business and for no other purpose. You will hold the information in strict confidence, and shall not reveal it or make it known to the subject persons, firms or corporations or to any other. MIPL does not warrant the correctness of the information as you hold it free of any liability whatsoever. You will be liable to and indemnify MIPL for any loss, damage or expense, occasioned by your breach or non observance of any one, or more of these conditions