MIRA INFORM REPORT
|
Report Date : |
19.04.2011 |
IDENTIFICATION DETAILS
|
Name : |
CAUVAL INDUSTRIES |
|
|
|
|
Registered Office : |
8 All Des Palombes, Post Code 77185 Lognes |
|
|
|
|
Country : |
France |
|
|
|
|
Financials (as on) : |
31.12.2009 |
|
|
|
|
Date of Incorporation : |
January 1993 |
|
|
|
|
Com. Reg. No.: |
389819459 |
|
|
|
|
Legal Form : |
Simplified Joint Stock Company |
|
|
|
|
Line of Business : |
Activities of holding companies |
RATING & COMMENTS
|
MIRA’s Rating : |
C |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
<10 |
C |
Absolute credit risk exists. Caution needed to be exercised |
Credit not
recommended |
|
Status : |
Poor |
|
Payment
Behaviour : |
Unknown |
|
Litigation : |
---- |
NOTES :
Any query related to this report can be made
on e-mail : infodept@mirainform.com
while quoting report number, name and date.
ECGC Country Risk Classification List – December 31, 2010
|
Country Name |
Previous Rating (30.09.2010) |
Current Rating (31.12.2010) |
|
France |
a1 |
a1 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
|
Moderate |
B1 |
|
High |
B2 |
|
Very High |
C1 |
|
Restricted |
C2 |
|
Off-credit |
D |
Company Summary
|
Company Details |
|
|
Company Number |
38981945900048 |
|
Name |
CAUVAL INDUSTRIES |
|
Telephone |
|
|
Fax |
01 64 62 28 99 |
|
Legal form |
Simplified joint stock company |
|
RCS Registration |
389819459 |
|
Share Capital |
6,920,621 |
|
Incorporation Date |
01/1993 |
|
Address |
8 ALL DES PALOMBES |
|
Postcode |
77185 LOGNES |
|
Nationality |
France |
|
Credit Information Summary |
|
|
Company Status |
Economically active |
|
Credit Limit (€) |
Credit Limit not applicable |
|
Judgements Summary |
|
|
Last Published Judgements |
05/03/2010 |
|
Directors Summary |
|
|
Directorships |
2 |
|
Accounts Summary (last 3 years) |
|||
|
Accounts Date |
31/12/2009 |
31/12/2008 |
31/12/2007 |
|
Turnover |
12,101,736 |
10,122,623 |
7,581,609 |
|
Networth |
35,631,064 |
44,557,502 |
65,814,338 |
|
Number of Employees |
20 to 49 employees |
- |
- |
Company Information
|
company details |
|
|
Company Name |
CAUVAL INDUSTRIES |
|
Company Number |
38981945900048 |
|
Activity (APE) |
Activités des sociétés holding |
|
Activity (APRM) |
|
|
Currency |
EURO (€) |
|
Share capital |
6,920,621 |
|
Registration Court |
Meaux (77) |
|
Legal form |
Simplified joint stock company |
|
Court Registry Number |
20 0 5B006 |
|
EU VAT Number |
FR05389819459 |
|
Incorporation Date |
01/1993 |
|
Formation Date |
01/1993 |
|
Deregistration Date |
|
|
Last account Date |
31/12/2009 |
|
Nationality |
France |
|
Establishment details |
|
|
Postal Address |
8 ALL DES PALOMBES, |
|
Trading Address |
8 ALL DES PALOMBES, |
|
Telephone |
|
|
Fax |
01 64 62 28 99 |
|
Type |
Head office |
|
Status |
Economically active |
|
Formation Date |
01/1993 |
|
Reason for formation |
Other |
|
Closure Date |
|
|
Reason for closure |
|
|
Reactivation Date |
|
|
Production Role |
|
|
Activity Nature |
- |
|
Activity Location |
Other |
|
Location Service |
|
|
Seasonality |
|
|
Other establishments |
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Branches |
12 branch entities in this company |
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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|
|
|
Regionality |
Legal unit with all establishments in same area |
|
Mono-activity status |
Legal unit having all establishments with the same main activity |
|
Workforces |
|
|
Workforce at address |
20 to 49 employees |
|
Company workforce |
20 to 49 employees |
Accounts & Ratios
|
Profit & Loss |
|||||
|
Account Date |
31/12/2009 |
% |
31/12/2008 |
% |
31/12/2007 |
|
Account period (month) |
12 |
- |
12 |
- |
12 |
|
Account Type |
Normal Account |
- |
Normal Account |
- |
Normal Account |
|
Currency |
Euro |
- |
Euro |
- |
Euro |
|
Turnover |
12,101,736 |
19.6% |
10,122,623 |
33.5% |
7,581,609 |
|
Exports |
0 |
- |
0 |
- |
0 |
|
Operating Charges |
14,157,220 |
-14.1% |
16,473,457 |
81.9% |
9,056,010 |
|
Operating Profit |
1,999,596 |
161.4% |
-3,258,376 |
-394.4% |
1,106,655 |
|
Financial Income |
1,170,796 |
-91.7% |
14,171,359 |
194.4% |
4,814,081 |
|
Financial Charges |
1,458,762 |
-92.9% |
20,500,115 |
223.8% |
6,331,692 |
|
Pre-Tax Profit |
1,711,630 |
117.9% |
-9,587,132 |
-2,232.9% |
-410,956 |
|
Extraordinary Income |
13,177,092 |
2,227.9% |
566,043 |
-97.8% |
25,432,872 |
|
Extraordinary Charges |
24,693,812 |
71.5% |
14,395,989 |
-41.2% |
24,463,622 |
|
Net Profit |
-9,042,083 |
57.7% |
-21,372,481 |
-867.7% |
2,784,066 |
|
Balance Sheet |
|||||
|
Account Date |
31/12/2009 |
% |
31/12/2008 |
% |
31/12/2007 |
|
Assets |
|||||
|
- Tangible assets |
120,398 |
44.5% |
83,295 |
-88.9% |
753,164 |
|
Intangible assets |
3,472 |
- |
0 |
- |
0 |
|
Financial assets |
66,964,812 |
0.0% |
66,975,646 |
-14.4% |
78,280,791 |
|
Total fixed assets |
67,088,682 |
0.0% |
67,058,941 |
-15.2% |
79,033,955 |
|
Stocks |
0 |
- |
0 |
- |
0 |
|
Receivables |
62,135,492 |
21.7% |
51,052,813 |
2.4% |
49,848,934 |
|
- Trade Receivables |
7,673,997 |
0.8% |
7,609,676 |
-13.0% |
8,742,120 |
|
- Misc. Receivables |
54,461,495 |
- |
43,443,137 |
- |
41,106,814 |
|
Cash |
1,098,780 |
-84.4% |
7,046,243 |
57.6% |
4,470,989 |
|
Misc. Current Assets |
106,744 |
- |
47,245 |
- |
456,737 |
|
Total Current Assets |
63,341,016 |
8.9% |
58,146,301 |
6.2% |
54,776,660 |
|
Liabilities |
|||||
|
Trade Accounts Payable |
1,525,832 |
-10.4% |
1,702,915 |
-4.0% |
1,773,757 |
|
Bank Loans and Liabilities |
543,359 |
357.8% |
118,701 |
-98.5% |
7,821,144 |
|
Sundry Loan and Liabilities |
90,889,575 |
- |
63,888,441 |
- |
54,978,955 |
|
Advanced Payments Received |
0 |
- |
0 |
-100.0% |
62,000 |
|
Tax and Social Liabilities |
1,817,690 |
1.0% |
1,800,438 |
-41.4% |
3,072,697 |
|
Miscellaneous Liabilities |
35,016 |
- |
167,474 |
- |
376,830 |
|
Provisions for Risks & Charges |
23,401 |
-99.8% |
13,118,665 |
10,401.2% |
124,926 |
|
Other Capital Resources |
0 |
- |
0 |
- |
0 |
|
Share Capital |
6,920,622 |
0.0% |
6,920,622 |
0.0% |
6,920,622 |
|
Revaluation Reserve |
0 |
- |
0 |
- |
0 |
|
Other Reserves |
28,710,442 |
- |
37,636,880 |
- |
58,893,716 |
|
Total Shareholders Funds |
35,631,064 |
-20.0% |
44,557,502 |
-32.3% |
65,814,338 |
|
|
|||||
|
Total Assets |
130,494,550 |
4.1% |
125,371,659 |
-6.5% |
134,039,081 |
|
Net Worth |
35,627,592 |
- |
44,557,502 |
- |
65,814,338 |
|
Ratios |
|||||
|
Account Date |
31/12/2009 |
% |
31/12/2008 |
% |
31/12/2007 |
|
Structure |
|||||
|
Protection |
27.30% |
35.54% |
49.10% |
||
|
Net Gearing |
70.07% |
51.05% |
46.85% |
||
|
Repayment Power |
9,463.49% |
700.56% |
1,392.53% |
||
|
Capital Requirement |
1,780.00 day |
1,943.00 day |
2,355.00 day |
||
|
Working Capital Requirement |
1,753.00 day |
1,693.00 day |
2,149.00 day |
||
|
Net Cash |
28.00 day |
251.00 day |
207.00 day |
||
|
|
|||||
|
Performance |
|||||
|
Return on Invested Capital |
-2.00% |
-1.00% |
-1.00% |
||
|
Return on Equity |
-25.38% |
-47.97% |
4.23% |
||
|
Gross Profit |
27.93% Turnover |
38.70% Turnover |
27.98% Turnover |
||
|
Growth v's Year Ago Qtr |
1,979,113€ |
2,541,014€ |
-128,120,247€ |
||
|
Inventory Returns |
0 |
0 |
0 |
||
|
Receivables Days |
250.00 day |
293.00 day |
415.00 day |
||
|
Payable Days |
63.00 day |
99.00 day |
117.00 day |
||
|
|
|||||
|
SIG |
|||||
|
Profit |
0 |
0 |
0 |
||
|
Gross Profit |
27.93% Turnover |
38.70% Turnover |
27.98% Turnover |
||
|
Wage and Salary distribution / Gross Profit |
131.15% Turnover |
101.15% Turnover |
127.06% Turnover |
||
|
Gross Operating Surplus |
-11.95% Turnover |
-4.95% Turnover |
-12.93% Turnover |
||
|
Pre-tax Income |
14.14% Turnover |
-94.71% Turnover |
-5.42% Turnover |
||
|
Net Profit/Loss |
-74.72% |
-211.14% |
36.72% |
||
Judgements
Collective Procedures
|
Courts |
|
|
Effective Date |
29/09/2008 |
|
Type of
Judgement |
Procédure de sauvegarde |
|
Court |
MEAUX |
|
Details |
JUGEMENT DU TRIBUNAL DE COMMERCE DE MEAUX DU 29/09/2008 OUVRANT UNE
PROCEDURE DE SAUVEGARDE ET FIXANT LA FIN DE LA PERIODE D'OBSERVATION AU
29/03/2009. COMANDATAIRES JUDICIAIRES : STE GARNIER PHILIPPE ET GUILLOUET SOPHIE
EN LA PERSONNE DE MAITRE GUILLOUET 55 RUE ARISTIDE BRIAND 77100 MEAUX ET STE
PHILIPPE ANGEL ET DENIS HAZANE EN LA PERSONNE DE MAITRE PHILIPPE ANGEL 49-51
AVENUE DU PRESIDENT ALLENDE 77100 MEAUX COADMINISTRATEURS JUDICIAIRES: MAITRE
CHAVAUX MICHEL 11 RUE DE SONTAY 75016 PARIS ET STE PHILIPPE CONTANT EN LA
PERSONNE DE MAITRE PHILIPPE CONTANT 8, RUE DES CORDELIERS 77100 MEAUX AVEC
UNE MISSION DE SURVEILLER ENSEMBLE LE DEBITEUR DANS SA GESTION. |
|
Rncs |
|
|
Effective Date |
09/03/2009 |
|
Type of Judgement |
Plan de sauvegarde |
|
Court |
|
|
Details |
|
|
Effective Date |
29/09/2008 |
|
Type of
Judgement |
Procédure de sauvegarde |
|
Court |
|
|
Details |
|
|
Bodacc |
|
|
Effective Date |
05/03/2010 |
|
Type of
Judgement |
Jugement lié au plan de sauvegarde |
|
Court |
Meaux |
|
Details |
Extrait de jugement Jugement modifiant le plan de sauvegarde Jugement
modifiant le plan de sauvegarde. |
|
Effective Date |
09/03/2009 |
|
Type of
Judgement |
Clôture du plan de sauvegarde |
|
Court |
Meaux |
|
Details |
Extrait de jugement Jugement arrêtant le plan de sauvegarde Jugement
arrêtant le plan de sauvegarde, durée du plan sur 10 années. nommant
Commissaires à l'exécution du plan Maître Chavaux Michel, 11 rue de Sontay,
75016 Paris et Selarl CONTANT Philippe, en la personne de Maître CONTANT
Philippe, 8 rue des Cordeliers, 77100 Meaux. |
|
Effective Date |
29/09/2008 |
|
Type of
Judgement |
Procédure de sauvegarde |
|
Court |
Meaux |
|
Details |
Jugement d'ouverture Jugement d'ouverture d'une procédure de
sauvegarde Jugement prononçant l'ouverture d'une procédure de sauvegarde et
désignant Coadministrateurs judiciaires Maître Chavaux Michel, 11 rue de
Sontay, 75016 Paris et Sté Philippe CONTANT en la personne de Me Contant, 8
rue des Cordeliers, 77100 MEAUX avec une mission de surveiller ensemble le
débiteur dans sa gestion, Comandataires judiciaires Sté Garnier Philippe et
Guillouët Sophie en la personne de maître Guillouët, 55 rue Aristide Briand,
77100 Meaux et Sté Angel Philippe et Hazane Denis en la personne de maître
Angel 49-51 avenue du Président Allende, 77100 Meaux. Les déclarations de
créances sont à déposer auprès du mandataire judiciaire dans les deux mois de
la présente publication. |
|
Preferentials Rights |
|
|
CCJ Type |
Privilège(s) trésor |
|
Effective Date |
10/08/2009 |
|
Amount |
22,418 |
|
Creditor |
TRESORERIE MARNE LA VALLEE |
|
Radiation Amount |
|
|
Partial Radiation Date |
|
|
Radition Date |
|
Group Structure
|
Ultimate Parent |
|||
|
Ultimate Parent Company |
CAUVAL INDUSTRIES |
||
|
Companies in Group |
4 |
||
|
Company Name |
Country |
Share |
Latest Annual Accounts |
|
CAUVAL INDUSTRIES |
389819459 |
- |
31/12/2009 |
|
LA COMPAGNIE CONTINENTALE SIMMONS |
775686272 |
99.90 % |
31/12/2009 |
|
SIMMONS BEDDING GROUP PLC |
United Kingdom |
100 % |
N/A |
|
ONIRIS |
784327421 |
100 % |
31/12/2009 |
Event history
|
Status history |
|
No status history for this company. |
|
Recent Publications in Gazettes |
||
|
Publication Date |
Gazette Name |
Description |
|
30/11/2010 |
C |
Comptes annuels, consolidés et rapports |
|
77 -
SEINE-ET-MARNE |
||
|
30/11/2010 |
C |
Comptes annuels et rapports |
|
77 -
SEINE-ET-MARNE |
||
|
05/03/2010 |
A_PCL |
Extrait de jugement |
|
77 -
SEINE-ET-MARNE |
||
|
19/02/2010 |
C |
Comptes annuels, consolidés et rapports |
|
77 - SEINE-ET-MARNE |
||
|
19/02/2010 |
C |
Comptes annuels et rapports |
|
77 -
SEINE-ET-MARNE |
||
|
24/03/2009 |
A_PCL |
Extrait de jugement |
|
77 -
SEINE-ET-MARNE |
||
|
14/11/2008 |
C |
Comptes consolidés et rapports |
|
77 -
SEINE-ET-MARNE |
||
|
14/11/2008 |
C |
Comptes annuels et rapports |
|
77 -
SEINE-ET-MARNE |
||
|
16/10/2008 |
A_PCL |
Jugement d'ouverture |
|
77 -
SEINE-ET-MARNE |
||
|
16/10/2008 |
A_PCL |
Jugement d'ouverture |
|
77 -
SEINE-ET-MARNE |
||
|
05/09/2008 |
B |
Modification et mutation diverse |
|
77 -
SEINE-ET-MARNE |
||
|
05/09/2008 |
B |
Modification et mutation diverse |
|
77 -
SEINE-ET-MARNE |
||
|
09/12/2007 |
C |
Avis de dépôt des comptes |
|
9160 - 389 819
459. RCS Meaux CAUVAL INDUSTRIES. Forme: Société par actions simplifiée.
Adresse du siège social: 8 allée des Palombes 77185 Lognes. Comptes
consolidés et rapport de l'exercice clos le: 31 décembre 2006. |
||
|
09/12/2007 |
C |
Avis de dépôt des comptes |
|
9159 - 389 819 459.
RCS Meaux CAUVAL INDUSTRIES. Forme: Société par actions simplifiée. Adresse
du siège social: 8 allée des Palombes 77185 Lognes. Comptes annuels et
rapports de l'exercice clos le: 31 décembre 2006. |
||
|
12/07/2007 |
A_REG |
Vente et cession |
|
1073 - RCS B 380
164 533. A dater du : 22 janvier 2001. RC 01-B 108. SERAP. Forme : S.A.S.
Activité : distribution de produits blancs ou bruns, de produits de
micro-informatique, d'habillement, d'articles d'ameublement ou d'art de la
table de cuisines, de tapis, d'horlogerie, d'articles de sport, de
maroquinerie et de chaussures . Adresse du siège social : 70 rue du
Père-Corentin, 75014 Paris. Etablissement secondaire - Activité : stockage
logistique. Adresse : 7 bis parc d'activité G.-Eiffel et avenue Gutenberg
(angle), 77600 Bussy-Saint-Georges. Etablissement secondaire acquis par achat
au prix stipulé de 98 936 euros. Date de début d'activité : 29 décembre 2000.
Date d'effet : 1er avril 2007. Précédent propriétaire : CANVAL INDUSTRIES.
RCS 389 819 459. Publication légale : Le Moniteur de Seine-et-Marne du 14
avril 2007 et rectificatif du 16 juin 2006. Oppositions : au fonds pour la
validité et aux sièges respectifs, 70 rue du Père-Corentin, 75014 Paris et
Canval Industries, 8 allée des Palombes, 77185 Lognes, pour la
correspondance. |
||
|
15/04/2007 |
C |
Avis de dépôt des comptes |
|
7079 - RCS Meaux
B 389 819 459. RC 05-B 691. CAUVAL INDUSTRIES. Forme: SAS . Adresse du siège
social: 8, Allée des Palombes,77185 Lognes. Comptes consolidés et rapport de
l'exercice clos le: 31 décembre 2005. |
||
|
15/04/2007 |
C |
Avis de dépôt des comptes |
|
7078 - RCS Meaux
B 389 819 459. RC 05-B 691. CAUVAL INDUSTRIES. Forme: SAS . Adresse du siège social:
8, Allée des Palombes,77185 Lognes. Comptes annuels et rapports de l'exercice
clos le: 31 décembre 2005. |
||
|
30/11/2005 |
C |
Avis de dépôt des comptes |
|
4996 - RCS Meaux
B 389 819 459. RC 05-B 691. CAUVAL INDUSTRIES. Forme: SAS . Adresse du siège
social: 8, allée des Palombes,77185 Lognes. Comptes annuels et rapports de
l'exercice clos le: 31 décembre 2004. |
||
|
21/09/2005 |
B |
Modifications et mutations diverses |
|
1576 - RCS Meaux
B 389 819 459. RC 05-B 691. CAUVAL INDUSTRIES. Forme : S.A.S. Capital : 6 920
621 euros. Adresse du siège social : 8 allée des Palombes,, 77185
Administration : vice-président : SILBERMAN (Gilles). Président du conseil d'administration
et directeur général : WAHNICH (Gilbert). Commissaires aux comptes titulaires
: SALUSTRO REYDEL CALAN RAMOLINO & ASSOCIES. Nouveau commissaire aux
comptes titulaire : MIDI CENTRE. Nouveaux commissaires aux comptes suppléants
: Mme GOALEC (Isabelle) SCHEIDECKER (Bernard) SERIO (Claude). Etablissement
principal - Activité : fabrication de pièces métalliques et négoce en gros ou
au détail de meubles holding . Adresse : 8 allée des Palombes, 77185 Date
d'effet : 30 juin 2005. |
||
|
01/06/2005 |
B |
Modifications et mutations diverses |
|
2212 - RCS B 389
819 459. A dater du : 11 mai 2005. RC 05-B 691. CAUVAL INDUSTRIES. Forme :
S.A.S. Capital : 6 920 621 euros. Adresse du siège social : 8 allée des
Palombes, 77185 Lognes. Administration : vice-président : SILBERMAN (Gilles).
Président du conseil d'administration et directeur général : WAHNICH
(Gilbert). Commissaires aux comptes titulaires : SALUSTRO REYDEL CALAN
RAMOLINO & ASSOCIES. Commissaires aux comptes suppléants : Mme GOALEC
(Isabelle) SCHEIDECKER (Bernard). Etablissement principal - Activité :
fabrication de pièces métalliques et négoce de meubles en gros ou au détail
holding . Adresse : 8 allée des Palombes, 77185 Lognes. Commentaires :
transfert du siège social et de l'établissement principal. Ancienne adresse :
22-24 rue Dumont-d'Urville, 75116 Paris. Fusion-absorption de la STE CAUVAL
INDUSTRIES, RCS Meaux 860 800 820. Ancienne dénomination : PARFIVAL. Ancienne
activité : holding. Date d'effet : 31 mars 2005. |
||
|
Company events
history |
|
|
Date |
Description |
|
30/11/2010 |
Bodacc C : Deposit accounts notice |
|
28/06/2010 |
Extension of term |
|
28/06/2010 |
Application and court order |
|
21/06/2010 |
Extension of term |
|
21/06/2010 |
Application and court order |
|
05/03/2010 |
New collective procedure |
|
19/02/2010 |
Bodacc C : Deposit accounts notice |
|
31/12/2009 |
New accounts available |
|
31/12/2009 |
Update of Company Activity |
|
31/12/2009 |
Modification of Company Activity |
|
01/10/2009 |
Update of Company Workforce |
|
01/10/2009 |
Other modification of Establishment |
|
10/08/2009 |
New Filling of Tax Office preferential right |
|
17/06/2009 |
New Filling of Tax Office preferential right |
|
28/05/2009 |
Application and court order |
|
28/05/2009 |
Extension of term |
|
24/03/2009 |
New collective procedure |
|
09/03/2009 |
New collective procedure |
|
31/12/2008 |
New consolidated accounts available |
|
14/11/2008 |
Bodacc C : Deposit accounts notice |
|
Establishment events history |
|
|
Date |
Description |
|
20/11/2010 |
Update Rating |
|
20/11/2010 |
Update Limit |
|
26/02/2010 |
Update of phone numbers |
|
30/09/2008 |
Update Rating |
|
30/09/2008 |
Update Limit |
|
03/09/2008 |
Update Rating |
|
08/04/2008 |
Update Rating |
|
15/01/2008 |
Update Rating |
|
10/12/2007 |
Update Limit |
|
09/12/2007 |
Update Limit |
|
13/11/2007 |
Update Rating |
|
06/07/2007 |
Update Rating |
Directors
|
Director |
|||
|
Name |
M WAHNICH GILBERT |
Manager position |
Président Directeur Général |
|
Date of birth |
25/08/1937 |
Place of birth |
FES - MAROC -(MAROC) |
|
Type of manager |
Individual |
Name at birth of
manager |
|
|
Director |
|||
|
Name |
M SILBERMAN GILLES |
Manager position |
Directeur général |
|
Date of birth |
07/08/1951 |
Place of birth |
92 BOULOGNE BILLANCOURT |
|
Type of manager |
Individual |
Name at birth of
manager |
|
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.44.27 |
|
UK Pound |
1 |
Rs.7208 |
|
Euro |
1 |
Rs.63.66 |
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 |
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 |
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%)
This report is issued at your request without any
risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL)
or its officials.