MIRA
INFORM REPORT
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Report Date : |
13.04.2012 |
IDENTIFICATION DETAILS
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Name : |
BUHLER SORTEX LTD. |
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Registered Office : |
Sortex Ltd |
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Country : |
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Financials (as on) : |
31.12.2010 |
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Date of Incorporation : |
01.05.1947 |
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Com. Reg. No.: |
00434274 |
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Legal Form : |
Private Subsidiary |
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Line of Business : |
Manufacture of other special purpose machinery not elsewhere classified |
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No. of Employees : |
223 |
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 : |
Good |
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Payment Behaviour : |
No Complaints |
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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
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Country Name |
Previous Rating (30.06.2011) |
Current Rating (30.09.2011) |
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A1 |
A1 |
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Risk Category |
ECGC
Classification |
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Insignificant |
A1 |
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Low |
A2 |
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Moderate |
B1 |
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High |
B2 |
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Very High |
C1 |
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Restricted |
C2 |
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Off-credit |
D |
Company name and address
Buhler Sortex Ltd.
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Business
Description
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Sortex Ltd. offers sorting solutions to the global food and non-food
processing industries. The company offers sorting solutions for rice, coffee,
peanuts, tree-nuts, beans, pulses, seeds, grains, snack foods, confectionery,
cereals and plastics. It specialises in developing, manufacturing and
distributing optical sorters. The company offers services, such as after
sales, product support, and control and management solutions to its
customers. It offers machines, such as Sortex Z+ and Sortex K to sort fresh and
frozen food products by colour, shape and size. It has machines to sort dry
food commodities and non-food products, such as plastics. |
Industry
Key Executives
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Financial Summary
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1 - Profit &
Loss Item Exchange Rate: USD 1 = GBP 0.6475734
2 - Balance Sheet Item Exchange Rate: USD 1 = GBP 0.6387123
Corporate Overview
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Corporate Structure News
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Buhler Sortex
Ltd. |
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Company Name |
Company Type |
Location |
Country |
Industry |
Sales |
Employees |
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Parent |
Uzwil |
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Miscellaneous Capital Goods |
1,828.8 |
7,500 |
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Subsidiary |
Braunschweig |
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Food Processing |
273.5 |
732 |
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Subsidiary |
Braunschweig |
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Miscellaneous Capital Goods |
279.8 |
650 |
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Subsidiary |
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Commercial Banks |
154.5 |
309 |
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Subsidiary |
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Computer Services |
10.9 |
58 |
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Subsidiary |
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Real Estate Operations |
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Subsidiary |
Honeydew |
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Food Processing |
|
250 |
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Subsidiary |
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Miscellaneous Capital Goods |
130.7 |
223 |
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Subsidiary |
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Miscellaneous Capital Goods |
40.0 |
200 |
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Subsidiary |
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Miscellaneous Capital Goods |
49.5 |
120 |
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Subsidiary |
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Miscellaneous Capital Goods |
20.0 |
100 |
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Subsidiary |
Urbanización Las Mercedes, |
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Construction Services |
20.0 |
100 |
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Subsidiary |
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Crops |
19.0 |
100 |
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Subsidiary |
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Crops |
19.0 |
100 |
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Subsidiary |
Villepinte |
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Miscellaneous Capital Goods |
34.4 |
91 |
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Subsidiary |
Joinville, Santa Catarina |
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Metal Mining |
14.3 |
83 |
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Subsidiary |
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Apparel and Accessories |
7.5 |
75 |
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Subsidiary |
Uzwil, |
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75 |
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Subsidiary |
Yokohama-shi, Kanagawa |
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Business Services |
|
60 |
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Subsidiary |
Metepec, |
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Miscellaneous Capital Goods |
12.0 |
50 |
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Subsidiary |
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Miscellaneous Capital Goods |
36.2 |
49 |
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Subsidiary |
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Miscellaneous Fabricated Products |
14.1 |
30 |
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Subsidiary |
Acassuso, |
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Construction and Agriculture Machinery |
18.2 |
28 |
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Subsidiary |
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Construction Services |
24.0 |
15 |
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Subsidiary |
Vermont, VIC |
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Construction Services |
12.6 |
8 |
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Subsidiary |
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Business Services |
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Subsidiary |
Acassuso, |
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Miscellaneous Capital Goods |
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Executives Report
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Directors and Shareholders Report
Annual Return Date: 01 May 2011
Total Issued Capital (GBP 000): 1,250
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Individual Directors |
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Name |
Status |
DOB |
Filed Address |
Appointment Date |
Resignation Date |
Summary of Directorships |
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Current |
20 Jan 1961 |
6 Oldfield Mews, |
06 Nov 1998 |
NA |
Current:4 |
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Current |
04 Oct 1955 |
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16 Jun 1998 |
NA |
Current:1 |
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Current |
21 Sep 1962 |
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07 Nov 2011 |
NA |
Current:2 |
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Current |
13 May 1975 |
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18 Apr 2011 |
NA |
Current:2 |
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Current |
15 Sep 1958 |
The Old Rectory, |
01 Aug 2005 |
NA |
Current:2 |
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Current |
20 Nov 1954 |
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01 Jan 2004 |
NA |
Current:3 |
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Current |
06 Oct 1956 |
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18 Jul 2003 |
NA |
Current:1 |
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Current |
05 Dec 1961 |
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25 Sep 2000 |
NA |
Current:1 |
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Previous |
09 Jun 1943 |
Alpsteinstrasse 16, |
30 Mar 1994 |
05 Mar 1998 |
Current:0 |
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Previous |
28 Feb 1963 |
7A Almeida Street, |
24 Feb 1995 |
31 May 1998 |
Current:0 |
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Previous |
14 May 1956 |
The Oak House 46A Barn Hill, Wembley Park, |
15 Jul 1997 |
18 Jul 2003 |
Current:0 |
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Previous |
19 Aug 1937 |
Beulstrasse 1, |
NA |
07 Nov 1997 |
Current:0 |
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Previous |
20 Sep 1949 |
Im Weingarten, Oberuzwil 9242, |
30 Mar 1994 |
06 Nov 1998 |
Current:0 |
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Previous |
17 Oct 1947 |
Hoehenweg 27, Herisau, |
05 Mar 1998 |
31 Dec 2003 |
Current:0 |
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Previous |
01 Jun 1959 |
1 Monro House, Fitzjohns Avenue, |
25 Jun 1999 |
30 Jun 2005 |
Current:0 |
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Previous |
21 Nov 1947 |
38 The Broadway, |
01 Feb 1993 |
31 Mar 2011 |
Current:0 |
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Previous |
NA |
134 Hampton Road, |
NA |
30 Sep 1993 |
Current:1 |
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Previous |
23 Aug 1945 |
15 Pennington Road, Southborough, |
23 May 1991 |
29 Apr 1997 |
Current:0 |
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Previous |
01 Jul 1953 |
25 Kings Hill Avenue, Kings Hill, |
23 May 1991 |
31 May 1999 |
Current:12 |
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Previous |
09 Jun 1937 |
Springbok Sandy Lane, Addington, |
23 May 1991 |
31 Mar 1998 |
Current:0 |
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Previous |
26 Oct 1972 |
5 Wealden House, Talwin Street Bow, |
07 Feb 2007 |
31 Dec 2010 |
Current:0 |
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Previous |
23 Nov 1953 |
1 Cameron Close, |
23 Jun 1998 |
21 Oct 2011 |
Current:0 |
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Previous |
13 May 1932 |
107 Queens Road, |
23 May 1991 |
31 Mar 1997 |
Current:0 |
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Previous |
01 Jun 1949 |
Glen View The Lynch, |
NA |
22 Apr 1992 |
Current:0 |
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Previous |
25 Feb 1943 |
43 Badcock Road, Haslingfield, |
14 Feb 1997 |
31 Dec 1997 |
Current:0 |
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Corporate Directors |
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There are no corporate directors for this company. |
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Individual Secretaries |
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Name |
Status |
DOB |
Filed Address |
Appointment Date |
Resignation Date |
Summary of Directorships |
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Current |
20 Jan 1961 |
6 Oldfield Mews, |
31 Mar 1998 |
NA |
Current:4 |
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Previous |
09 Jun 1937 |
Springbok Sandy Lane, Addington, |
23 May 1991 |
31 Mar 1998 |
Current:0 |
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Corporate Secretaries |
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There are no corporate secretaries for this company. |
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Individual Shareholders |
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There are no individual shareholders for this company. |
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Corporate Shareholders |
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Company Name |
Registration Number |
Share Details |
Share Type |
# of Shares |
Share Price (GBP) |
Share Value (GBP) |
% of Total Shares |
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00683185 |
1250000 Ordinary GBP 1.00 |
Ordinary |
1,250,000 |
1.00 |
1,250,000.00 |
100.00 |
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Buhler Sortex Ltd Develops Design Patent (223660) for Sorting or
Inspection Apparatus for Food Products
Indian Patent News
09 February 2012
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[What follows is
the full text of the article.] New Delhi, Feb.
9 -- Buhler Sortex Ltd, London, UK, has been developed a Design patent
(223660) for a sorting or inspection apparatus for food products. The Design was
registered on July 6, 2009 under Class No. 18-99 titled as "sorting or
inspection apparatus for food products." The priority
number is 001070478-0001. About the
Company Buhler Sortex
manufacture & supply market leading optical sorters; providing fruit
sorting, plastic sorting, grain sorting, nut sorting, seed sorting,
vegetables Copyright
Contify.com
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Buhler Sortex Ltd Develops Design Patent (235305) for Sorting and
Inspection Apparatus for Food Products
Indian Patent News
30 December 2011
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[What follows is
the full text of the article.] New Delhi, Dec.
30 -- Buhler Sortex Ltd, London, UK, has been developed a Design patent
(235305) for a sorting and inspection apparatus for food products. The Design was
registered on March 17, 2011 under Class No. 15-99 titled as "sorting
and inspection apparatus for food products." About the
Company Buhler is a
specialist and technology partner for plant and equipment and related
services for processing basic foods and manufacturing highgrade materials. Copyright
Contify.com
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Buhler Sortex Ltd Develops Design Patent (224717) for Vibrator Unit
Indian Patent News
18 November 2011
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[What follows is
the full text of the article.] New Delhi, Nov. 18
-- Buhler Sortex Ltd, London, UK, has been developed a Design patent (224717)
for a vibrator unit. The Design was
registered on Sept. 16, 2009 under Class No. 15-99 titled as "vibrator
unit." The priority
number is 4010604. About the
Company Buhler Sortex
manufacture & supply optical sorters; providing fruit sorting, plastic
sorting, grain sorting, nut sorting, seed sorting, vegetable Copyright
Contify.com
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Buhler Sortex Ltd Develops Design Patent (232274) for Machine for
Sorting Discrete Products of Disparate Sizes or Shapes
Indian Patent News
28 October 2011
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[What follows is
the full text of the article.] New Delhi, Oct.
28 -- Buhler Sortex Ltd, London, UK, has been developed a Design patent
(232274) for a machine for sorting discrete products of disparate sizes or
shapes. The Design was
registered on Sept. 8, 2010 under Class No. 18-99 titled as "machine for
sorting discrete products of disparate sizes or shapes." The priority
number is 001201123-0001. About the
Company Buhler is a
specialist and technology partner for plant and equipment and related
services for processing basic foods and manufacturing highgrade materials. Copyright
Contify.com
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Annual Profit & Loss
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Financials in: USD (mil) |
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Except for share items (millions) and per
share items (actual units) |
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31-Dec-2010 |
31-Dec-2009 |
31-Dec-2008 |
31-Dec-2007 |
31-Dec-2006 |
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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 |
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Consolidated |
No |
No |
No |
No |
No |
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Turnover (UK) |
1.1 |
1.1 |
1.4 |
1.3 |
0.9 |
|
Turnover (Exports) |
129.6 |
97.7 |
83.1 |
72.0 |
63.9 |
|
Total Turnover |
130.7 |
98.8 |
84.4 |
73.2 |
64.7 |
|
Cost of Sales |
80.2 |
63.8 |
60.2 |
53.9 |
46.7 |
|
Gross Profit |
50.4 |
35.1 |
24.2 |
19.4 |
18.0 |
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Depreciation |
1.1 |
1.0 |
1.3 |
0.8 |
0.9 |
|
Other Expenses |
11.4 |
10.4 |
10.5 |
10.0 |
8.3 |
|
Operating Profit |
- |
24.7 |
- |
- |
- |
|
Other Income |
0.1 |
0.2 |
2.7 |
0.5 |
0.4 |
|
Interest Paid |
0.0 |
0.2 |
1.0 |
0.2 |
0.0 |
|
Exceptional Income |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
|
Discontinued Operations |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
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Profit Before Taxes |
39.1 |
24.6 |
15.4 |
9.7 |
10.1 |
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Tax Payable / Credit |
11.0 |
7.1 |
4.7 |
2.3 |
2.9 |
|
Extraordinary Items/Debits |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
|
Dividends |
17.0 |
10.9 |
4.6 |
6.0 |
3.7 |
|
Profit After Taxes |
11.1 |
6.6 |
6.2 |
1.4 |
3.5 |
|
Minority Interests (Profit & Loss) |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
|
Audit Fees |
0.1 |
0.1 |
0.1 |
0.1 |
0.0 |
|
Non Audit Fees |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
|
Number of Employees |
223 |
193 |
174 |
171 |
166 |
|
Wages |
11.5 |
10.2 |
11.1 |
11.0 |
9.3 |
|
Social Security Costs |
1.2 |
1.1 |
1.1 |
1.1 |
1.0 |
|
Pensions |
0.1 |
0.1 |
0.1 |
0.1 |
0.1 |
|
Other Pension Costs |
0.3 |
0.4 |
0.7 |
0.8 |
0.4 |
|
Employees Remuneration |
12.9 |
11.7 |
13.0 |
12.9 |
10.7 |
|
Directors Emoluments |
1.8 |
1.5 |
1.8 |
1.7 |
1.3 |
|
Other Costs |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
|
Directors Remuneration |
1.9 |
1.7 |
1.9 |
1.8 |
1.4 |
|
Highest Paid Director |
0.4 |
0.3 |
0.4 |
0.4 |
0.3 |
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Annual Balance
Sheet |
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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 |
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Consolidated |
No |
No |
No |
No |
No |
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|
Land & Buildings |
18.3 |
19.3 |
- |
- |
- |
|
Fixtures & Fittings |
1.2 |
1.4 |
- |
- |
- |
|
Plant & Vehicles |
0.3 |
0.3 |
- |
- |
- |
|
Total Tangible Fixed Assets |
19.9 |
21.0 |
19.0 |
16.0 |
12.0 |
|
Intangible Assets |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
|
Investments |
0.0 |
0.0 |
0.0 |
0.0 |
10.2 |
|
Total Fixed Assets |
19.9 |
21.0 |
19.0 |
16.0 |
22.1 |
|
Stocks |
7.8 |
6.7 |
5.7 |
7.8 |
8.6 |
|
Work in Progress |
2.8 |
2.2 |
1.8 |
1.8 |
2.2 |
|
Total Stocks Work In Progress |
10.5 |
8.9 |
7.5 |
9.6 |
10.8 |
|
Trade Debtors |
25.7 |
22.3 |
3.5 |
8.2 |
5.6 |
|
Inter-Company Debtors |
6.3 |
8.2 |
6.7 |
12.1 |
10.6 |
|
Other Debtors |
2.7 |
2.3 |
1.3 |
1.7 |
3.5 |
|
Total Debtors |
34.7 |
32.8 |
11.5 |
22.0 |
19.6 |
|
Cash and Equivalents |
23.1 |
16.1 |
14.5 |
3.6 |
3.2 |
|
Other Current Assets |
0.0 |
0.0 |
0.0 |
0.1 |
0.1 |
|
Total Current Assets |
68.4 |
57.8 |
33.5 |
35.2 |
33.6 |
|
Total Assets |
88.2 |
78.9 |
52.4 |
51.1 |
55.7 |
|
Trade Creditors |
5.7 |
5.0 |
3.5 |
3.9 |
6.7 |
|
Bank Overdraft |
- |
- |
- |
0.0 |
0.0 |
|
Inter-Company Creditors |
0.8 |
1.7 |
1.2 |
1.6 |
0.5 |
|
Total Short Term Loans |
- |
- |
- |
4.0 |
0.0 |
|
Accruals/Deferred Income (Current Liability) |
6.9 |
5.9 |
6.6 |
4.2 |
3.4 |
|
Social Security/VAT |
0.4 |
0.4 |
0.4 |
0.5 |
0.4 |
|
Corporation Tax |
7.6 |
5.1 |
2.5 |
2.0 |
2.1 |
|
Other Current Liabilities |
7.8 |
10.5 |
3.8 |
4.1 |
3.2 |
|
Total Current Liabilities |
29.2 |
28.6 |
17.9 |
20.3 |
16.3 |
|
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 |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
|
Accruals/Deferred Income (Long Term Liability) |
8.1 |
8.4 |
7.6 |
0.0 |
10.3 |
|
Other Long Term Liabilities |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
|
Total Long Term Liabilities |
8.1 |
8.4 |
7.6 |
0.0 |
10.3 |
|
Deferred Taxation |
- |
- |
0.0 |
0.0 |
0.0 |
|
Other Provisions |
5.0 |
6.3 |
0.5 |
1.1 |
1.6 |
|
Total Provisions |
5.0 |
6.3 |
0.5 |
1.1 |
1.6 |
|
Issued Capital |
2.0 |
2.0 |
1.8 |
2.5 |
2.4 |
|
Share Premium Accounts |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
|
Revaluation Reserve |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
|
Retained Earnings |
43.9 |
33.5 |
24.7 |
27.2 |
25.0 |
|
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 |
45.9 |
35.5 |
26.5 |
29.7 |
27.5 |
|
Net Worth |
45.9 |
35.5 |
26.5 |
29.7 |
27.5 |
|
|
|
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 |
2.34 |
2.02 |
1.87 |
1.73 |
2.06 |
|
Liquidity Ratio |
1.98 |
1.71 |
1.45 |
1.26 |
1.40 |
|
Stock Turnover |
12.57 |
11.51 |
8.87 |
7.62 |
6.40 |
|
Credit Period (Days) |
70.94 |
79.65 |
19.32 |
40.84 |
29.58 |
|
Working Capital by Sales |
29.56% |
28.54% |
23.49% |
20.36% |
25.13% |
|
Trade Credit by Debtors |
0.22 |
0.22 |
0.99 |
0.48 |
1.20 |
|
Return on Capital |
67.16% |
50.74% |
35.07% |
31.26% |
27.39% |
|
Return on Assets |
44.94% |
32.33% |
23.08% |
18.83% |
19.37% |
|
Profit Margin |
29.92% |
24.90% |
18.28% |
13.21% |
15.68% |
|
Return on Shareholders Funds |
86.37% |
71.84% |
45.70% |
32.43% |
39.26% |
|
Borrowing Ratio |
1.81% |
4.88% |
4.46% |
18.70% |
1.72% |
|
Equity Gearing |
52.03% |
45.00% |
50.51% |
58.06% |
49.34% |
|
Interest Coverage |
1,067.73 |
98.75 |
15.51 |
39.49 |
1,748.61 |
|
Sales by Tangible Assets |
6.67 |
4.87 |
3.49 |
4.57 |
5.76 |
|
Average Remuneration per Employee |
0.1 |
0.1 |
0.1 |
0.1 |
0.1 |
|
Profit per Employee |
0.2 |
0.1 |
0.1 |
0.1 |
0.1 |
|
Sales per Employee |
0.6 |
0.5 |
0.4 |
0.4 |
0.4 |
|
Capital Employed per Employee |
0.3 |
0.3 |
0.2 |
0.2 |
0.2 |
|
Tangible Assets per Employee |
0.1 |
0.1 |
0.1 |
0.1 |
0.1 |
|
Total Assets per Employee |
0.4 |
0.4 |
0.3 |
0.3 |
0.3 |
|
Employee Remuneration by Sales |
9.91% |
11.81% |
15.38% |
17.64% |
16.56% |
|
Creditor Days (Cost of Sales Based) |
25.68 |
27.43 |
26.84 |
26.42 |
49.26 |
|
Creditor Days (Sales Based) |
15.77 |
17.70 |
19.15 |
19.43 |
35.54 |
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.51.44 |
|
|
1 |
Rs.81.96 |
|
Euro |
1 |
Rs.67.60 |
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 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.