MIRA
INFORM REPORT
|
Report Date : |
13.12.2011 |
IDENTIFICATION DETAILS
|
Name : |
PETROCHEM CARLESS LTD. |
|
|
|
|
Registered Office : |
Cedar Court Guildford Road Leatherhead, KT22 9RX |
|
|
|
|
Country : |
United Kingdom |
|
|
|
|
Financials (as on) : |
31.12.2010 |
|
|
|
|
Date of Incorporation : |
08.02.1947 |
|
|
|
|
Com. Reg. No.: |
00429315 |
|
|
|
|
Legal Form : |
Private Subsidiary |
|
|
|
|
Line of Business : |
Manufacture of refined petroleum products |
|
|
|
|
No. of Employees : |
158 |
RATING & COMMENTS
|
MIRAs Rating : |
Ba |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Status : |
Good |
|
|
|
|
Payment Behaviour : |
No Complaints |
|
|
|
|
Litigation : |
Clear |
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 September 30, 2011
|
Country Name |
Previous Rating (30.06.2011) |
Current Rating (30.09.2011) |
|
United Kingdom |
A1 |
A1 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
|
Moderate |
B1 |
|
High |
B2 |
|
Very High |
C1 |
|
Restricted |
C2 |
|
Off-credit |
D |
Company name and address
Petrochem Carless Ltd.
|
|
|
||||||||||||||||||||||||||||||||||||||||||||||||||||||
Business
Description
|
Petrochem Carless Ltd. is one of the leading providers of
high-performance speciality hydrocarbons in the United Kingdom. The company
processes, manufactures and supplies a variety of automotive fluids and
speciality chemicals. It also stocks and sells various brake fluids, process
oils, and reference and calibration fuels to the automotive industry. The
company offers a range of low-naphthalene aromatics, printing ink
distillates, and chemical and hydrocarbon solvents. In addition, it provides
aromatics, speciality base oils, and chlorinated and aliphatic solvents to
the engineering industry. The company also offers a number of drilling fluids
and burning and white oils. |
Industry
|
Industry |
Oil and Gas Operations |
|
ANZSIC 2006: |
1701 - Petroleum Refining and Petroleum
Fuel Manufacturing |
|
NACE 2002: |
2320 - Manufacture of refined petroleum
products |
|
NAICS 2002: |
324110 - Petroleum Refineries |
|
UK SIC 2003: |
2320 - Manufacture of refined petroleum
products |
|
US SIC 1987: |
2911 - Petroleum Refining |
Key Executives
|
Financial Summary
|
||||||||||||||||||||||
1 - Profit &
Loss Item Exchange Rate: USD 1 = GBP 0.6475734
2 - Balance Sheet Item Exchange Rate: USD 1 = GBP 0.6387123
Corporate Overview
|
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Corporate Structure News
|
Petrochem
Carless Ltd. |
|
|
|
|
|
|
|
|
Company Name |
Company Type |
Location |
Country |
Industry |
Sales |
Employees |
|
Parent |
Leatherhead |
United Kingdom |
Commercial Banks |
491.3 |
170 |
|
|
Subsidiary |
Scunthorpe |
United Kingdom |
Chemical Manufacturing |
|
31 |
|
|
Subsidiary |
Leatherhead |
United Kingdom |
|
|
|
|
|
Subsidiary |
Leatherhead |
United Kingdom |
Oil and Gas Operations |
491.3 |
158 |
|
|
Subsidiary |
Leatherhead |
United Kingdom |
Nonclassifiable Industries |
|
|
Executives Report
|
Directors and Shareholders Report
Annual
Return Date: 14 Nov 2010
Total Issued Capital (GBP 000): 2,000
|
Individual Directors |
|||||||
|
|
|||||||
|
Name |
Status |
DOB |
Filed Address |
Appointment Date |
Resignation Date |
Summary of Directorships |
|
|
Current |
26 Sep 1960 |
Cedar Court, Guildford Road, |
07 Nov 2005 |
NA |
Current:3 |
|
|
|
Current |
NA |
4 Hookstone Drive, |
10 Sep 2003 |
NA |
Current:5 |
|
|
|
Current |
18 May 1967 |
Chertsey Road, Sunbury On Thames, |
23 Dec 2004 |
NA |
Current:6 |
|
|
|
Current |
03 Jun 1954 |
Cedar Court, Guildford Road, |
04 Jan 2011 |
NA |
Current:6 |
|
|
|
Current |
11 May 1966 |
Cedar Court, Guildford Road, |
01 Feb 2003 |
NA |
Current:8 |
|
|
|
Previous |
07 Jan 1950 |
64 Balliol Avenue, Highams Park, |
18 Dec 2000 |
11 Jun 2003 |
Current:3 |
|
|
|
Previous |
03 Jan 1957 |
11 High Meadows, |
02 Mar 2001 |
06 Jun 2003 |
Current:4 |
|
|
|
Previous |
12 Jul 1948 |
Tall Fire, 134 Oakhill Road, |
14 Nov 1992 |
14 Dec 2000 |
Current:1 |
|
|
|
Previous |
20 Dec 1947 |
4 The Copse, |
18 Dec 2000 |
24 Sep 2008 |
Current:1 |
|
|
|
Previous |
18 Nov 1939 |
16A Villa Road, Stanway, |
14 Nov 1992 |
02 Feb 1996 |
Current:0 |
|
|
|
Previous |
02 Oct 1941 |
Cliff Garden, Portloe, |
NA |
22 Oct 1993 |
Current:0 |
|
|
|
Previous |
19 Sep 1943 |
Diegodeleon 69, 3Rd Floor A, |
09 May 1996 |
14 Dec 2000 |
Current:0 |
|
|
|
Previous |
05 Oct 1949 |
C/Puerto De Canencia No 10 3Od, 280220 Majadahonda, |
22 Jul 1993 |
14 Dec 2000 |
Current:0 |
|
|
|
Previous |
04 Jul 1950 |
Neptuno No 4, Pozuelo De Alarcon, |
09 May 1996 |
29 Jul 1999 |
Current:0 |
|
|
|
Previous |
10 May 1961 |
Nuria 80, |
22 Jul 1993 |
21 Aug 1995 |
Current:0 |
|
|
|
Previous |
30 Nov 1948 |
O` Donnell - 6, |
22 Jul 1993 |
25 Jun 1996 |
Current:0 |
|
|
|
Previous |
17 Oct 1945 |
72 Castellan Avenue, |
18 Dec 2000 |
21 Nov 2002 |
Current:0 |
|
|
|
Previous |
17 Jan 1950 |
12 Fenby Close, |
14 Aug 2003 |
02 Jun 2008 |
Current:0 |
|
|
|
Previous |
02 Mar 1971 |
10 Cheyne Hill, |
01 Jan 2002 |
21 Mar 2003 |
Current:0 |
|
|
|
Previous |
18 Jul 1959 |
Merrylands, Polesden Lane Ripley, |
NA |
07 Sep 2001 |
Current:5 |
|
|
|
Previous |
29 Aug 1959 |
10 Birch Close, Brandon Groves, |
04 Nov 2003 |
18 Nov 2004 |
Current:0 |
|
|
|
Previous |
09 May 1963 |
Cedar Court, Guildford Road, |
04 Nov 2003 |
31 Dec 2010 |
Current:0 |
|
|
|
Previous |
09 Apr 1959 |
Lawbrook Lawbrook Lane, Gomshall, |
14 Dec 2000 |
11 Sep 2002 |
Current:2 |
|
|
|
Previous |
19 Aug 1951 |
'tykes', Grosvenor Road, |
01 Jun 2001 |
31 Dec 2001 |
Current:0 |
|
|
|
Previous |
21 Jan 1942 |
Abbots Hill, 3 Austenwood Close, |
NA |
14 Dec 2000 |
Current:0 |
|
|
|
Previous |
27 Nov 1950 |
Miguel Servet,5,28224 Pozuelo De, Alarcon, |
29 Jul 1999 |
14 Dec 2000 |
Current:0 |
|
|
|
Previous |
09 Aug 1946 |
5 Brookwood Drive, |
02 Dec 2002 |
04 Nov 2003 |
Current:1 |
|
|
|
|
|
||||||
|
|
|
||||||
|
|
|
|
|
|
|
|
|
|
Corporate Directors |
||||
|
|
||||
|
Company Name |
Status |
Registered Address |
Appointment Date |
Resignation Date |
|
Repsol Exploration (Uk) Limited |
Previous |
5 Princes Gate, |
14 Nov 1992 |
13 Dec 1993 |
|
|
||||
|
|
||||
|
|
||||
|
Individual Secretaries |
|||||||
|
|
|||||||
|
Name |
Status |
DOB |
Filed Address |
Appointment Date |
Resignation Date |
Summary of Directorships |
|
|
Current |
11 May 1966 |
Cedar Court, Guildford Road, |
01 Feb 2003 |
NA |
Current:8 |
|
|
|
Previous |
15 Jul 1956 |
60 Broadwalk, Winchmore Hill, |
14 Nov 1992 |
06 Jun 1996 |
Current:0 |
|
|
|
Previous |
NA |
20 Etheldene Avenue, |
06 Jun 1996 |
18 May 2000 |
Current:0 |
|
|
|
Previous |
02 Mar 1971 |
10 Cheyne Hill, |
01 Jan 2002 |
01 Feb 2003 |
Current:0 |
|
|
|
Previous |
18 Jul 1959 |
Merrylands, Polesden Lane Ripley, |
NA |
07 Sep 2001 |
Current:5 |
|
|
|
Previous |
19 Aug 1951 |
'tykes', Grosvenor Road, |
07 Sep 2001 |
31 Dec 2001 |
Current:0 |
|
|
|
|
|
||||||
|
|
|
||||||
|
|
|
|
|
|
|
|
|
|
Corporate Secretaries |
|
|
|
There are no corporate secretaries for this company. |
|
|
|
Individual Shareholders |
||||||
|
|
||||||
|
There are no individual shareholders for this company. |
||||||
|
|
||||||
|
|
||||||
|
|
|
|
|
|
|
|
|
Corporate Shareholders |
|||||||
|
|
|||||||
|
Company Name |
Registration Number |
Share Details |
Share Type |
# of Shares |
Share Price (GBP) |
Share Value (GBP) |
% of Total Shares |
|
05278490 |
2000000 Ordinary GBP 1.00 |
Ordinary |
2,000,000 |
1.00 |
2,000,000.00 |
100.00 |
|
|
|
|||||||
Annual Profit & Loss
|
Financials in: USD (mil) |
|
|
Except for share items (millions) and per
share items (actual units) |
|
|
|
|
|
|
|
|
|
31-Dec-2010 |
31-Dec-2009 |
31-Dec-2008 |
31-Dec-2007 |
31-Dec-2006 |
|
Period Length |
52 Weeks |
52 Weeks |
52 Weeks |
52 Weeks |
52 Weeks |
|
Filed Currency |
GBP |
GBP |
GBP |
GBP |
GBP |
|
Exchange Rate
(Period Average) |
0.647573 |
0.641508 |
0.545576 |
0.499878 |
0.543438 |
|
Consolidated |
No |
No |
No |
No |
No |
|
|
|
|
|
|
|
|
Turnover (UK) |
386.5 |
279.2 |
232.3 |
180.3 |
163.2 |
|
Turnover (Exports) |
104.8 |
84.0 |
296.8 |
257.7 |
217.4 |
|
Total Turnover |
491.3 |
363.2 |
529.2 |
438.0 |
380.6 |
|
Cost of Sales |
417.8 |
298.0 |
460.9 |
389.6 |
332.7 |
|
Gross Profit |
73.5 |
65.2 |
68.2 |
48.4 |
47.9 |
|
Depreciation |
3.2 |
3.1 |
3.7 |
4.6 |
4.6 |
|
Other Expenses |
37.3 |
36.3 |
43.1 |
42.8 |
40.7 |
|
Operating Profit |
36.1 |
- |
- |
5.6 |
- |
|
Other Income |
2.8 |
1.6 |
3.3 |
2.1 |
1.6 |
|
Interest Paid |
2.2 |
1.7 |
5.1 |
4.1 |
3.7 |
|
Exceptional Income |
0.0 |
0.0 |
0.0 |
0.0 |
-4.8 |
|
Discontinued Operations |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
|
Profit Before Taxes |
36.7 |
28.7 |
23.3 |
3.6 |
0.2 |
|
Tax Payable / Credit |
8.8 |
7.9 |
4.2 |
3.2 |
-0.1 |
|
Extraordinary Items/Debits |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
|
Dividends |
0.0 |
18.7 |
19.2 |
8.0 |
22.1 |
|
Profit After Taxes |
27.9 |
2.1 |
-0.1 |
-7.6 |
-21.7 |
|
Minority Interests (Profit & Loss) |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
|
Audit Fees |
0.1 |
0.1 |
0.2 |
0.2 |
0.1 |
|
Non Audit Fees |
- |
- |
- |
- |
0.1 |
|
Number of Employees |
158 |
157 |
159 |
159 |
163 |
|
Wages |
10.6 |
10.4 |
12.2 |
13.1 |
12.1 |
|
Social Security Costs |
1.1 |
1.1 |
1.3 |
1.4 |
1.3 |
|
Pensions |
0.1 |
0.1 |
0.2 |
0.2 |
0.4 |
|
Other Pension Costs |
0.7 |
0.4 |
0.5 |
0.6 |
0.5 |
|
Employees Remuneration |
12.3 |
12.0 |
14.1 |
15.1 |
13.9 |
|
Directors Emoluments |
1.1 |
1.2 |
1.7 |
2.8 |
2.2 |
|
Other Costs |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
|
Directors Remuneration |
1.1 |
1.3 |
1.9 |
3.0 |
2.6 |
|
Highest Paid Director |
0.3 |
0.3 |
0.5 |
0.9 |
0.7 |
|
|
|
Annual Balance
Sheet |
|
Financials in:
USD (mil) |
|
|
31-Dec-2010 |
31-Dec-2009 |
31-Dec-2008 |
31-Dec-2007 |
31-Dec-2006 |
|
Filed Currency |
GBP |
GBP |
GBP |
GBP |
GBP |
|
Exchange Rate |
0.638712 |
0.619253 |
0.695531 |
0.502361 |
0.510947 |
|
Consolidated |
No |
No |
No |
No |
No |
|
|
|
|
|
|
|
|
Land & Buildings |
3.7 |
4.0 |
2.8 |
4.1 |
4.2 |
|
Fixtures & Fittings |
37.7 |
0.0 |
0.0 |
0.0 |
0.0 |
|
Plant & Vehicles |
0.0 |
39.5 |
33.9 |
46.9 |
57.0 |
|
Total Tangible Fixed Assets |
41.5 |
43.5 |
36.7 |
51.0 |
61.2 |
|
Intangible Assets |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
|
Investments |
0.8 |
0.8 |
1.0 |
1.4 |
1.4 |
|
Total Fixed Assets |
42.3 |
44.3 |
37.7 |
52.4 |
62.6 |
|
Stocks |
55.9 |
41.6 |
35.3 |
45.3 |
37.9 |
|
Work in Progress |
2.2 |
1.8 |
1.6 |
2.0 |
9.3 |
|
Total Stocks Work In Progress |
58.0 |
43.5 |
36.9 |
47.2 |
47.2 |
|
Trade Debtors |
55.9 |
40.9 |
39.1 |
48.7 |
38.5 |
|
Inter-Company Debtors |
64.2 |
1.1 |
2.2 |
24.0 |
2.1 |
|
Other Debtors |
2.4 |
2.3 |
5.3 |
5.8 |
3.9 |
|
Total Debtors |
122.6 |
44.3 |
46.5 |
78.5 |
44.5 |
|
Cash and Equivalents |
3.8 |
3.5 |
2.4 |
0.4 |
0.3 |
|
Other Current Assets |
0.0 |
0.3 |
0.0 |
0.2 |
0.0 |
|
Total Current Assets |
184.4 |
91.5 |
85.8 |
126.3 |
92.1 |
|
Total Assets |
226.7 |
135.8 |
123.5 |
178.7 |
154.7 |
|
Trade Creditors |
80.7 |
43.0 |
40.2 |
57.3 |
48.6 |
|
Bank Overdraft |
11.8 |
- |
- |
- |
- |
|
Inter-Company Creditors |
12.4 |
14.1 |
9.9 |
34.5 |
24.1 |
|
Total Short Term Loans |
- |
13.1 |
23.1 |
9.6 |
6.6 |
|
Accruals/Deferred Income (Current Liability) |
9.2 |
4.0 |
2.7 |
8.9 |
3.7 |
|
Social Security/VAT |
3.6 |
2.6 |
2.9 |
5.5 |
4.0 |
|
Corporation Tax |
5.3 |
5.3 |
2.0 |
3.3 |
0.6 |
|
Other Current Liabilities |
0.6 |
0.8 |
0.5 |
0.3 |
1.0 |
|
Total Current Liabilities |
123.6 |
82.9 |
81.3 |
119.4 |
88.6 |
|
Group Loans (Long Term Liability) |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
|
Director Loans (Long Term Liability) |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
|
Hire Purchase (Long Term Liability) |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
|
Leasing (Long Term Liability) |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
|
Total Hire Purchase Loans (Long Term Liability) |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
|
Other Long Term Loans |
23.5 |
0.0 |
0.0 |
0.0 |
0.0 |
|
Accruals/Deferred Income (Long Term Liability) |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
|
Other Long Term Liabilities |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
|
Total Long Term Liabilities |
23.5 |
0.0 |
0.0 |
0.0 |
0.0 |
|
Deferred Taxation |
0.0 |
0.0 |
0.0 |
0.0 |
0.2 |
|
Other Provisions |
0.9 |
0.9 |
0.5 |
1.4 |
1.6 |
|
Total Provisions |
0.9 |
0.9 |
0.5 |
1.4 |
1.8 |
|
Issued Capital |
3.1 |
3.2 |
2.9 |
4.0 |
3.9 |
|
Share Premium Accounts |
1.9 |
2.0 |
1.8 |
2.4 |
2.4 |
|
Revaluation Reserve |
28.3 |
30.5 |
25.7 |
37.1 |
47.6 |
|
Retained Earnings |
45.3 |
16.3 |
11.4 |
14.4 |
10.4 |
|
Other Reserves |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
|
Minority Interests (Balance Sheet) |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
|
Total Shareholders Funds |
78.7 |
52.0 |
41.7 |
57.9 |
64.3 |
|
Net Worth |
78.7 |
52.0 |
41.7 |
57.9 |
64.3 |
|
|
|
Annual Cash
Flows |
|
Financials in:
USD (mil) |
|
|
31-Dec-2010 |
31-Dec-2009 |
31-Dec-2008 |
31-Dec-2007 |
31-Dec-2006 |
|
Period Length |
52 Weeks |
52 Weeks |
52 Weeks |
52 Weeks |
52 Weeks |
|
Filed Currency |
GBP |
GBP |
GBP |
GBP |
GBP |
|
Exchange Rate
(Period Average) |
0.647573 |
0.641508 |
0.545576 |
0.499878 |
0.543438 |
|
Consolidated |
No |
No |
No |
No |
No |
|
|
|
|
|
|
|
|
|
|
Annual Ratios |
|
Financials in:
USD (mil) |
|
|
|
|
|
31-Dec-2010 |
31-Dec-2009 |
31-Dec-2008 |
31-Dec-2007 |
31-Dec-2006 |
|
Period Length |
52 Weeks |
52 Weeks |
52 Weeks |
52 Weeks |
52 Weeks |
|
Filed Currency |
GBP |
GBP |
GBP |
GBP |
GBP |
|
Exchange Rate |
0.638712 |
0.619253 |
0.695531 |
0.502361 |
0.510947 |
|
Consolidated |
No |
No |
No |
No |
No |
|
|
|
|
|
|
|
|
Current Ratio |
1.49 |
1.10 |
1.06 |
1.06 |
1.04 |
|
Liquidity Ratio |
1.02 |
0.58 |
0.60 |
0.66 |
0.51 |
|
Stock Turnover |
8.58 |
8.66 |
11.24 |
9.23 |
8.57 |
|
Credit Period (Days) |
40.99 |
39.70 |
34.38 |
40.79 |
34.68 |
|
Working Capital by Sales |
12.21% |
2.29% |
1.09% |
1.59% |
0.88% |
|
Trade Credit by Debtors |
1.44 |
1.05 |
1.03 |
1.18 |
1.26 |
|
Return on Capital |
36.08% |
56.26% |
43.38% |
6.08% |
0.37% |
|
Return on Assets |
16.41% |
21.91% |
14.82% |
2.02% |
0.16% |
|
Profit Margin |
7.47% |
7.91% |
4.41% |
0.83% |
0.06% |
|
Return on Shareholders Funds |
47.25% |
57.25% |
43.89% |
6.23% |
0.38% |
|
Borrowing Ratio |
60.58% |
52.40% |
79.15% |
76.17% |
47.77% |
|
Equity Gearing |
34.73% |
38.28% |
33.76% |
32.38% |
41.59% |
|
Debt Gearing |
29.83% |
- |
- |
- |
- |
|
Interest Coverage |
16.61 |
16.86 |
4.61 |
0.89 |
0.06 |
|
Sales by Tangible Assets |
12.01 |
8.65 |
11.32 |
8.55 |
6.62 |
|
Average Remuneration per Employee |
0.1 |
0.1 |
0.1 |
0.1 |
0.1 |
|
Profit per Employee |
0.2 |
0.2 |
0.1 |
0.0 |
0.0 |
|
Sales per Employee |
3.2 |
2.4 |
2.6 |
2.7 |
2.5 |
|
Capital Employed per Employee |
0.7 |
0.3 |
0.3 |
0.4 |
0.4 |
|
Tangible Assets per Employee |
0.3 |
0.3 |
0.2 |
0.3 |
0.4 |
|
Total Assets per Employee |
1.4 |
0.9 |
0.8 |
1.1 |
0.9 |
|
Employee Remuneration by Sales |
2.51% |
3.30% |
2.66% |
3.45% |
3.65% |
|
Creditor Days (Cost of Sales Based) |
69.56 |
50.88 |
40.59 |
53.93 |
50.09 |
|
Creditor Days (Sales Based) |
59.16 |
41.75 |
35.36 |
47.97 |
43.79 |
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.52.42 |
|
|
1 |
Rs.81.92 |
|
Euro |
1 |
Rs.69.94 |
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 |
|
-- |
NB |
New Business |
-- |
This score serves as a reference to assess SCs 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.