MIRA
INFORM REPORT
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Report Date : |
29.05.2008 |
IDENTIFICATION
DETAILS
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Name : |
THE HOLLTECK COMPANY LIMITED |
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Registered Office : |
63 Jenkin Road, Wincobank Sheffield, South Yorkshire S9
1AT |
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Country : |
United Kingdom |
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Financials (as on) : |
30.09.2006 |
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Date of Incorporation : |
17.09.2001 |
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Com. Reg. No.: |
04288234 |
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Legal Form : |
Private Limited Liability Company (GB) |
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Line of Business : |
Manufacture Rolling Mill Guilds |
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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Maximum Credit Limit : |
GBP 14,600 |
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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 |
THE HOLLTECK COMPANY LIMITED |
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Trading Address |
63 JENKIN RD,WINCOBANK,SHEFFIELD,S9 1AT |
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Telephone |
01142-433466 |
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This company has an average risk status and should be
treated with a degree of caution |
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Credit Limit |
GBP 14,600 |
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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 102,300 |
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Buying from this company? The Contract Limit is the recommended
aggregate annual value for supply contracts. |
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Official Company Data
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Legal Form |
Private Limited Liability Company (GB) |
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Registration Number |
04288234 |
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Date of Incorporation |
17/09/2001 |
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Registered Office |
63 Jenkin Road, Wincobank Sheffield, South Yorkshire S9
1AT |
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Date of Last Annual Return to
Registry |
17/09/2007 |
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Activities |
Manufacture Rolling Mill Guilds |
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Accounts |
The last filed accounts cover the period to 30/09/2006 and
were filed on 17/07/2007 |
Recently Filed Documents
Details
of the most recent documents
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Date
Received |
Description |
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17/09/2007 |
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 |
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Address |
2208, KLEEN STREET VIRGINIA BEACH , VIRGINIA
, USA , 23 454 |
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Date of Birth |
09/02/1933 |
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Appointment Date |
03/10/2001 |
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Other Appointments |
CROSSLANDS FOUNDRY LIMITED, THE HOLLTECK CO. (UK)
LIMITED, THE HOLLTECK COMPANY LIMITED |
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DIRECTOR |
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Occupation |
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Address |
16, ST MARYS LANE ECCLESFIELD , SHEFFIELD
, S35 9YE |
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Date of Birth |
30/08/1959 |
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Appointment Date |
05/10/2001 |
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Other Appointments |
CROSSLANDS FOUNDRY LIMITED, J. C. CROSSLANDS
(FOUNDRY) LIMITED, THE HOLLTECK CO. (UK) LIMITED, THE HOLLTECK COMPANY
LIMITED |
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SECRETARY |
MR NEVILLE HOLLAND |
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Address |
2208 KLEEN STREET, VIRGINIA BEACH , VIRGINIA
, 23454 |
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Country of Origin |
BRITISH |
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Date of Birth |
09/02/1933 |
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Appointment Date |
03/10/2001 |
Recently Resigned Directors (last
3)
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DIRECTOR |
MS YVONNE WAYNE |
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Occupation |
COMPANY FORMATION AGENT |
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Address |
40 , BURLINGTON RISE , BARNET , HERTS
, - - |
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Date of Birth |
06/07/1960 |
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Resignation Date |
03/10/2001 |
Share Summary
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Share Currency: |
GBP |
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Priniciple Shareholders: |
Type Of Share |
No. of Shares |
Value |
Voting %age |
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Mr Neville Holland |
ORD |
85 |
85.00 |
85.00 |
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Mr Steve Towers |
ORD |
15 |
15.00 |
15.00 |
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Mortgages and Charges
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Total Registered |
3 |
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Total Outstanding |
3 |
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Total Satisfied |
0 |
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Most Recent Mortgage |
20/08/2002 |
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Date Registered |
03/09/2002 |
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Type |
395 |
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Date Created |
20/08/2002 |
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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 |
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Satisfied? |
No |
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Date Registered |
12/10/2001 |
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Type |
395 |
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Date Created |
04/10/2001 |
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Lender |
THE HOLLTECK CO (UK) LIMITED (THE "CHARGE
HOLDER") WITH CHARLES PETER |
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Secured On |
ALL MONIES DUE OR TO BECOME DUE FROM THE COMPANY FORMERLY
KNOWN AS IVYSTAR MANAGEMENT LIMITED 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 |
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Date Registered |
12/10/2001 |
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Type |
395 |
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Date Created |
04/10/2001 |
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Lender |
THE HOLLTECK CO (UK) LIMITED (THE "MORTGAGEE")
AND CHARLES PETER HOLDER AND |
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Secured On |
ALL MONIES DUE OR TO BECOME DUE FROM THE COMPANY FORMERLY KA
IVYSTAR MANAGEMENT LIMITED TO THE CHARGEE ON ANY ACCOUNT WHATSOEVER |
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Details |
BY WAY OF LEGAL MORTGAGE THE CHATTELS, BY WAY OF LEGAL
MORTGAGE THE INSURANCE POLICIES, BY WAY OF LEGAL MORTGAGE THE CONTRACTS
(PROVIDED THAT THE CHARGEE SHALL NEVER BE OBLIGED TO PERFORM ANY OF THE
OBLIGATIONS OF THE COMPANY UNDER THE CONTRACT). SEE THE MORTGAGE CHARGE
DOCUMENT FOR FULL DETAILS |
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Satisfied? |
No |
Public Record Information
Summary
of CCJ's/Scottish Decrees
There are 0 exact unsatisfied CCJs totalling GBP 0 in the
last 72 months
Details
of most recent CCJ's/Scottish Decrees
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20/06/2003, a Judgment of "GBP" 7906 was
"Satisfied" in NORTHAMPTON court (Case No. XA251709 ) against Hollteck
Co Ltd (The), 63 Jenkin Ave, Sheffield, South Yorkshire, S9 1AN |
Operations
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Activities |
Manufacture Rolling Mill Guilds |
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Sic Code |
Description |
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2710 |
Manufacture of basic iron and steel and of ferro-alloys
(ECSC) |
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Staff Employed |
5 |
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Bankers |
Lloyds Tsb Bank Plc Sheffield Local Csc |
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Sort Codes |
309751 |
Financial Data
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 |
|
Units |
units |
units |
units |
units |
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Consolidated? |
No |
No |
No |
No |
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RETAINED PROFITS |
- |
- |
- |
- |
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 |
|
Units |
units |
units |
units |
units |
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Consolidated? |
No |
No |
No |
No |
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TOTAL FIXED ASSETS |
86,553 |
107,286 |
135,271 |
164,529 |
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Plant, machinery & equipment |
86,053 |
106,685 |
134,570 |
163,728 |
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Intangible Assets |
500 |
601 |
701 |
801 |
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TOTAL CURRENT ASSETS |
455,179 |
302,670 |
290,837 |
240,055 |
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Stocks |
10,500 |
25,500 |
57,200 |
41,500 |
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Trade Debtors |
56,827 |
243,000 |
169,489 |
190,543 |
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Cash |
387,852 |
34,170 |
64,148 |
8,012 |
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TOTAL ASSETS |
541,732 |
409,956 |
426,108 |
404,584 |
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TOTAL CURRENT LIABILITIES |
289,003 |
285,383 |
270,449 |
296,258 |
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Trade Creditors |
210,021 |
- |
- |
- |
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Bank Overdraft |
7,143 |
- |
- |
- |
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Taxes |
15,469 |
- |
- |
- |
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Other Current Liabilities |
56,370 |
285,383 |
270,449 |
296,258 |
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WORKING CAPITAL |
166,176 |
17,287 |
20,388 |
-56,203 |
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TOTAL LONG TERM LIABS |
68,141 |
74,048 |
126,190 |
133,333 |
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Mortgages and loans |
66,905 |
- |
- |
- |
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Other Long Term Liabilities |
1,236 |
74,048 |
126,190 |
133,333 |
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NET ASSETS/(LIABILITIES) |
252,729 |
124,573 |
155,659 |
108,326 |
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SHARE CAPITAL + RESERVES |
184,588 |
50,525 |
29,469 |
-25,007 |
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Issued Share Capital |
150,100 |
150,100 |
150,100 |
150,100 |
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Profit and Loss account |
34,488 |
-99,575 |
-120,631 |
-175,107 |
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SHAREHOLDERS FUNDS |
184,588 |
50,525 |
29,469 |
-25,007 |
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CAPITAL EMPLOYED |
252,729 |
124,573 |
155,659 |
108,326 |
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TANGIBLE NET WORTH |
184,088 |
49,924 |
28,768 |
-25,808 |
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 |
1.57 |
1.06 |
1.08 |
0.81 |
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Quick Ratio |
1.54 |
0.97 |
0.86 |
0.67 |
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T.N.W/Total Assets |
0.34 |
0.12 |
0.07 |
-0.06 |
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Equity Gearing |
1.49 |
0.01 |
0.00 |
0.00 |
|
Solvency (%) |
194.01 |
719.96 |
1378.75 |
-1664.57 |
Financial Summary
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Working Capital |
The company's working capital improved in the period by
861% |
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Tangible
Net Worth |
Net worth increased by 134,164 during the period and now
stands at GBP 184,088,units |
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Fixed
Assets |
The subjects fixed assets reduced during the period by GBP
20,632 to GBP 86,053,units and are now 16% of total assets
compared with 26% in the previous period |
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Long
Term Liabilities |
The company's long term liabilities reduced during the
period by 8% and are now 37% of net worth compared with 148% in the previous
period |
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Long
Term Liabilities |
Long term liabilities are now 13% of total assets compared
with 18% 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%)