MIRA
INFORM REPORT
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Report Date : |
03.01.2008 |
IDENTIFICATION
DETAILS
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Name : |
PROSYNTH LIMITED |
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Registered Office : |
2 Bull Lane Ind Est, Bull Lane Acton, Sudbury, Suffolk
CO10 0BD |
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Country : |
United Kingdom |
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Financials (as on) : |
30.09.2006 |
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Date of Incorporation : |
14/08/1998 |
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Com. Reg. No.: |
03615916 |
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Legal Form : |
Private Limited Liability Company (GB) |
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Line of Business : |
Industrial Organic Chemical Manufacturers |
RATING &
COMMENTS
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MIRA’s Rating : |
Ba |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
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Status : |
Satisfactory |
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Payment Behaviour : |
No Complaints |
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Litigation : |
Clear |
Company Identification Details
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Subject Reported on |
PROSYNTH LIMITED |
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Trading Address |
2 Bull La Ind Est,Bull La, Acton,SUDBURY,CO10 0BD |
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Telephone |
01787-883320 |
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Average Risk - This company has an average risk status and
should be treated with a degree of caution |
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Credit Limit |
GBP 25,600 |
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Selling to this company? The Credit Limit is the recommended
maximum outstanding debtor exposure at any one time. |
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Contract Limit |
GBP 226,700 |
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Buying from this company? The Contract Limit is the
recommended aggregate annual value for supply contracts. |
Official Company Data
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Legal Form |
Private Limited Liability Company (GB) |
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Registration Number |
03615916 |
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Date of Incorporation |
14/08/1998 |
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Registered Office |
2 Bull Lane Ind Est, Bull Lane Acton, Sudbury, Suffolk
CO10 0BD |
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Date of Last Annual Return to Registry |
14/08/2007 |
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Activities |
Industrial Organic Chemical Manufacturers |
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Accounts |
The last filed accounts cover the period to 30/09/2006 and
were filed on 11/05/2007 |
Recently Filed Documents
Details of the most recent documents
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Date
Received |
Description |
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14/08/2007 |
Annual Return |
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30/09/2006 |
Financial Statement / Set of Accounts |
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It should be noted that there is no legal requirement to file
satisfaction details of mortgages/charges at Companies House. |
Known Directors
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DIRECTOR |
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Occupation |
CHEMIST |
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Address |
22, HIGH ROAD LEAVENHEATH , COLCHESTER
, CO6 4NZ |
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Country of Origin |
BRITISH |
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Date of Birth |
08/11/1976 |
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Appointment Date |
09/08/1999 |
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Other Appointments |
N R MORGAN ENGINEERING LIMITED, PROSYNTH LIMITED |
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DIRECTOR |
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Occupation |
CHEMICAL |
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Address |
35, WITHERSFIELD ROAD , HAVERHILL
, SUFFOLK , CB9 9HF |
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Country of Origin |
BRITISH |
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Date of Birth |
28/02/1966 |
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Appointment Date |
01/10/1998 |
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Other Appointments |
PROSYNTH LIMITED |
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DIRECTOR |
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Occupation |
CHEMIST |
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Address |
295, COLCHESTER ROAD , IPSWICH
, IP4 4SG |
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Country of Origin |
BRITISH |
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Date of Birth |
05/02/1953 |
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Appointment Date |
14/08/1998 |
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Other Appointments |
PROSYNTH LIMITED |
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SECRETARY |
MS CLARE MORGAN |
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Address |
22 HIGH ROAD, LEAVENHEATH , COLCHESTER
, ESSEX , CO6 4NZ |
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Country of Origin |
BRITISH |
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Date of Birth |
08/11/1976 |
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Appointment Date |
14/08/1998 |
Recently Resigned Directors (last
3)
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DIRECTOR |
BRIAN FREDERICK NASH |
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Occupation |
CHEMIST |
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Address |
99 , BANTOCKS ROAD , SUDBURY , SUFFOLK
, - - |
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Country of Origin |
BRITISH |
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Date of Birth |
06/03/1939 |
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Resignation Date |
31/05/2004 |
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DIRECTOR |
BRIAN FRANCIS ARTHUR CHURCH |
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Occupation |
CHEMIST |
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Address |
15 , CHURCHILL AVENUE , HAVERHILL , SUFFOLK
, - - |
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Country of Origin |
BRITISH |
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Date of Birth |
02/09/1938 |
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Resignation Date |
31/08/2003 |
Share Summary
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Share Currency: |
GBP |
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Priniciple Shareholders: |
Type Of Share |
No. of Shares |
Value |
%age |
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Clare Alison Morgan |
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5,000 |
5,000.00 |
5.00 |
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Dr Donald Alan Gilbert |
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50,000 |
50,000.00 |
46.00 |
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Dr Donald Alan Gilbert |
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250,000 |
250,000.00 |
56.00 |
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Mr Brian Church |
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2,000 |
2,000.00 |
2.00 |
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Mr Brian Frederick Nash |
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46,666 |
46,666.00 |
43.00 |
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Mr Brian Frederick Nash & Brian Church |
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195,001 |
195,001.00 |
44.00 |
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Mr Howard David Craven |
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5,000 |
5,000.00 |
5.00 |
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Mortgages and Charges
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Total Registered |
1 |
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Total Outstanding |
1 |
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Total Satisfied |
0 |
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Most Recent Mortgage |
18/09/2000 |
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Date Registered |
20/09/2000 |
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Type |
395 |
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Date Created |
18/09/2000 |
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Lender |
LLOYDS TSB BANK PLC |
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Secured On |
ALL MONIES DUE OR TO BECOME DUE FROM THE COMPANY TO THE CHARGEE
ON ANY ACCOUNT WHATSOEVER |
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Details |
FIXED AND FLOATING CHARGES OVER THE UNDERTAKING AND ALL
PROPERTY AND ASSETS PRESENT AND FUTURE INCLUDING GOODWILL BOOKDEBTS UNCALLED
CAPITAL BUILDINGS FIXTURES FIXED PLANT AND MACHINERY SEE THE MORTGAGE CHARGE
DOCUMENT FOR FULL DETAILS |
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Satisfied? |
No |
Public Record Information
Summary of CCJ's/Scottish Decrees
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There are no unsatisfied CCJs against the company. |
Operations
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Activities |
Industrial Organic Chemical Manufacturers |
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Sic Code |
Description |
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2414 |
Manufacture of other organic basic chemicals |
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Staff Employed |
16 |
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Auditors |
Moore Green BRANCHES There are no recorded branch
locations for this business. CAPITAL Issued capital : 553 |
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Auditors Notes |
No Qualification. The Auditors have expressed a clean
opinion (i.e. unqualified with no referrals) on the latest accounts. |
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Bankers |
Lloyds Tsb Bank Plc 30 Market Hill |
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Sort Codes |
309831 |
Financial Data
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The following figures are shown in units of 000 |
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Profit and Loss |
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Number of Weeks |
52 |
52 |
52 |
52 |
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Accounts Date |
30/09/2006 |
30/09/2005 |
30/09/2004 |
30/09/2003 |
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Currency |
GBP |
GBP |
GBP |
GBP |
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Consolidated? |
No |
No |
No |
No |
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RETAINED PROFITS |
- |
- |
- |
- |
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Balance Sheet |
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Number of Weeks |
52 |
52 |
52 |
52 |
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Accounts Date |
30/09/2006 |
30/09/2005 |
30/09/2004 |
30/09/2003 |
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Currency |
GBP |
GBP |
GBP |
GBP |
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Consolidated? |
No |
No |
No |
No |
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TOTAL FIXED ASSETS |
583 |
621 |
663 |
702 |
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Total Fixed Assets |
343 |
361 |
383 |
402 |
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Intangible Assets |
240 |
260 |
280 |
300 |
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TOTAL CURRENT ASSETS |
391 |
278 |
332 |
428 |
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Stocks |
60 |
27 |
42 |
20 |
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Trade Debtors |
188 |
122 |
152 |
231 |
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Cash |
143 |
129 |
138 |
177 |
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TOTAL ASSETS |
974 |
899 |
995 |
1,129 |
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TOTAL CURRENT LIABILITIES |
186 |
137 |
159 |
183 |
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Other Current Liabilities |
186 |
123 |
159 |
183 |
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WORKING CAPITAL |
206 |
141 |
173 |
245 |
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TOTAL LONG TERM LIABS |
141 |
148 |
165 |
210 |
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Other Long Term Liabilities |
141 |
145 |
155 |
200 |
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NET ASSETS/(LIABILITIES) |
789 |
762 |
836 |
946 |
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SHARE CAPITAL + RESERVES |
648 |
614 |
671 |
737 |
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Issued Share Capital |
572 |
592 |
592 |
612 |
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Reserves |
40 |
20 |
20 |
- |
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Profit and Loss account |
36 |
2 |
59 |
125 |
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SHAREHOLDERS FUNDS |
648 |
614 |
671 |
737 |
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CAPITAL EMPLOYED |
789 |
762 |
836 |
947 |
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TANGIBLE NET WORTH |
408 |
354 |
391 |
437 |
Key Credit Ratios
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Accounts Date |
30/09/2006 |
30/09/2005 |
30/09/2004 |
30/09/2003 |
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Current Ratio |
2.10 |
2.03 |
2.09 |
2.34 |
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Quick Ratio |
1.78 |
1.83 |
1.82 |
2.23 |
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T.N.W/Total Assets |
0.42 |
0.39 |
0.39 |
0.39 |
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Equity Gearing |
0.03 |
0.02 |
0.02 |
0.02 |
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Solvency (%) |
80.15 |
80.51 |
82.86 |
89.93 |
Financial Summary
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Working Capital |
The company's working capital improved in the period by
46% |
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Tangible Net Worth |
Net worth increased by 54,000 during the period and now
stands at GBP 408,000 |
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Fixed Assets |
The subjects fixed assets reduced during the period by GBP
18,000 to GBP 343,000 and are now 35% of total assets compared
with 40% in the previous period |
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Long Term Liabilities |
The company's long term liabilities reduced during the
period by 5% and are now 35% of net worth compared with 42% in the previous
period |
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Long Term Liabilities |
Long term liabilities are now 14% of total assets compared
with 16% in the previous period |
RATING
EXPLANATIONS
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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>86 |
Aaa |
Possesses an extremely sound financial base with the strongest
capability for timely payment of interest and principal sums |
Unlimited |
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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 |
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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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41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
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26-40 |
B |
Unfavourable & favourable factors carry similar weight in credit consideration.
Capability to overcome financial difficulties seems comparatively below
average. |
Small |
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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 |
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<10 |
C |
Absolute credit risk exists. Caution needed to be exercised |
Credit not
recommended |
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NR |
In view of the lack of information, we have no basis upon which to
recommend credit dealings |
No Rating |
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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%)