MIRA
INFORM REPORT
|
Report Date : |
31.08.2012 |
IDENTIFICATION DETAILS
|
Name : |
SASOL GERMANY GMBH |
|
|
|
|
Registered Office : |
Anckelmannsplatz 1
Hamburg, 20537 |
|
|
|
|
Country : |
Germany |
|
|
|
|
Financials (as on) : |
30.06.2011 |
|
|
|
|
Date of Incorporation : |
2000 |
|
|
|
|
Com. Reg. No.: |
78475 |
|
|
|
|
Legal Form : |
Private Subsidiary |
|
|
|
|
line of business
: |
The company manufactures commodity and specialty chemicals. |
|
|
|
|
No. of Employees : |
1,500 |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Status : |
Satisfactory |
|
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 – March 31st, 2012
|
Country Name |
Previous Rating (31.12.2011) |
Current Rating (31.03.2012) |
|
Germany |
A1 |
A1 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
|
Moderate |
B1 |
|
High |
B2 |
|
Very High |
C1 |
|
Restricted |
C2 |
|
Off-credit |
D |
GERMANY - ECONOMIC OVERVIEW
The German economy - the fifth largest economy in the world
in PPP terms and Europe's largest - is a leading exporter of machinery,
vehicles, chemicals, and household equipment and benefits from a highly skilled
labor force. Like its Western European neighbors, Germany faces significant
demographic challenges to sustained long-term growth. Low fertility rates and
declining net immigration are increasing pressure on the country's social
welfare system and necessitate structural reforms. Reforms launched by the
government of Chancellor Gerhard SCHROEDER (1998-2005), deemed necessary to address
chronically high unemployment and low average growth, contributed to strong
growth in 2006 and 2007 and falling unemployment. These advances, as well as a
government subsidized, reduced working hour scheme, help explain the relatively
modest increase in unemployment during the 2008-09 recession - the deepest
since World War II - and its decrease to 6.0% in 2011. GDP contracted 5.1% in
2009 but grew by 3.6% in 2010, and 2.7% in 2011. The recovery was attributable
primarily to rebounding manufacturing orders and exports - increasingly outside
the Euro Zone. Germany's central bank projects that GDP will grow 0.6% in 2012,
a reflection of the worsening euro-zone financial crisis and the financial
burden it places on Germany as well as falling demand for German exports.
Domestic demand is therefore becoming a more significant driver of Germany's
economic expansion. Stimulus and stabilization efforts initiated in 2008 and
2009 and tax cuts introduced in Chancellor Angela MERKEL's second term
increased Germany's budget deficit to 3.3% in 2010, but slower spending and
higher tax revenues reduce the deficit to 1.7% in 2011, below the EU's 3%
limit. A constitutional amendment approved in 2009 limits the federal
government to structural deficits of no more than 0.35% of GDP per annum as of
2016. Following the March 2011 Fukushima nuclear disaster, Chancellor Angela
Merkel announced in May 2011 that eight of the country's 17 nuclear reactors
would be shut down immediately and the remaining plants would close by 2022. Germany
hopes to replace nuclear power with renewable energy. Before the shutdown of
the eight reactors, Germany relied on nuclear power for 23% of its energy and
46% of its base-load electrical production.
|
Source
: CIA |
Company name & address
SASOL
GERMANY GMBH
Anckelmannsplatz 1
Hamburg, 20537
Germany
Tel: 49-40636841000
Fax: 4940636843700
Website: www.sasolgermany.de
Employees: 1,500
Company Type: Private
Subsidiary
Corporate Family: 59
Companies
Ultimate Parent: Sasol Limited
Incorporation Date: 2000
Financials in: USD
(Millions)
Fiscal Year End: 30-Jun-2011
Reporting Currency: Euro
Annual Sales: 1,754.9
Total Assets: 757.3
Business Description
Sasol Germany GmbH (Sasol) is a chemical company, based in
Germany. The company manufactures commodity and specialty chemicals. Its
product portfolio includes chemicals storefront, datasheet library, fuels &
oils storefront, gas storefront and sasol convenience centre storefront. Sasol
market portfolio includes ammonia, olefins & surfactants, polymers,
solvents, wax and nitro. Its SAS and SPD processes are derived from unique
Fisher Tropsch technologies. The company manufactures product through its three
production facilities located at Brunsbuttel, Marl, and Witten. It operates in
Germany, Italy, South Africa and the USA. The company is a member of Sasol's
global network of companies. Sasol is headquartered in Hamburg, Germany.
Industry
|
Industry |
Chemical Manufacturing |
|
ANZSIC 2006: |
1899 - Other Basic Chemical Product Manufacturing Not
Elsewhere Classified |
|
NACE 2002: |
2466 - Manufacture of other chemical products not
elsewhere classified |
|
NAICS 2002: |
325998 - All Other Miscellaneous Chemical Product and
Preparation Manufacturing |
|
UK SIC 2003: |
2466 - Manufacture of other chemical products not
elsewhere classified |
|
US SIC 1987: |
2899 - Chemicals and Chemical Preparations, Not Elsewhere
Classified |
Key Executives
|
Name |
Title |
|
Pat Davies |
Chief Executive Officer |
|
Essimari Kairisto |
Mitglied |
|
Anke Reif |
Press Officer |
|
Reiner Hoffmann |
Executive |
|
Jens Straatmann, |
Chairman-Supervisory Board |
Registered No.(DEU): 78475
1 - Profit &
Loss Item Exchange Rate: USD 1 = EUR 0.7347003
2 - Balance Sheet Item Exchange Rate:
USD 1 = EUR 0.6897265
Location
Anckelmannsplatz 1
Hamburg, 20537
Germany
Tel: 49-40636841000
Fax: 4940636843700
Website: www.sasolgermany.de
Sales EUR(mil): 1,289.3
Assets EUR(mil): 522.3
Employees: 1,500
Fiscal Year End: 30-Jun-2011
Industry: Chemical Manufacturing
Incorporation Date: 2000
Company Type: Private Subsidiary
Quoted Status: Not Quoted
Registered No.(DEU): 78475
Chief Executive Officer: Pat
Davies
Industry
Codes
|
ANZSIC 2006 Codes: |
||
|
3323 |
- |
Industrial and Agricultural Chemical Product Wholesaling |
|
1899 |
- |
Other Basic Chemical Product Manufacturing Not Elsewhere Classified |
|
NACE 2002 Codes: |
||
|
2466 |
- |
Manufacture of other chemical products not elsewhere classified |
|
5155 |
- |
Wholesale of chemical products |
|
NAICS 2002 Codes: |
||
|
424690 |
- |
Other Chemical and Allied Products Merchant Wholesalers |
|
325998 |
- |
All Other Miscellaneous Chemical Product and Preparation Manufacturing |
|
US SIC 1987: |
||
|
5169 |
- |
Chemicals and Allied Products, Not Elsewhere Classified |
|
2899 |
- |
Chemicals and Chemical Preparations, Not Elsewhere Classified |
|
UK SIC 2003: |
||
|
2466 |
- |
Manufacture of other chemical products not elsewhere classified |
|
5155 |
- |
Wholesale of chemical products |
Business
Description
Manufacture and sale of chemicals: surfactants, alcohols, ethylene oxide, inorganic speciality chemicals
More Business Descriptions
Chemical Products Mfr & Distr
Sasol Germany GmbH is primarily engaged in manufacture of various chemical products: peptones, peptone derivatives, other protein substances and their derivatives not elsewhere classified; chemically modified oils and fats; materials used in the finishing of textiles and leather; powders and pastes used in soldering, brazing or welding; substances used to pickle metal; prepared additives for cements; activated carbon, lubricating oil additives, prepared rubber accelerators, catalysts and other chemical products for industrial use; anti-knock preparations, anti-freeze preparations, liquids for hydraulic transmission; and composite diagnostic or laboratory reagents. This class also includes: manufacture of writing and drawing ink.
Sasol Germany GmbH (Sasol) is a chemical company, based in Germany. The company manufactures commodity and specialty chemicals. Its product portfolio includes chemicals storefront, datasheet library, fuels & oils storefront, gas storefront and sasol convenience centre storefront. Sasol market portfolio includes ammonia, olefins & surfactants, polymers, solvents, wax and nitro. Its SAS and SPD processes are derived from unique Fisher Tropsch technologies. The company manufactures product through its three production facilities located at Brunsbuttel, Marl, and Witten. It operates in Germany, Italy, South Africa and the USA. The company is a member of Sasol's global network of companies. Sasol is headquartered in Hamburg, Germany.
All Other Chemical Product and Preparation Manufacturing
Financial
Data
|
Financials in: |
EUR(mil) |
1 Year Growth |
|
Revenue: |
1,289.3 |
33.9% |
|
Assets: |
522.3 |
NA |
|
Current Assets: |
428.7 |
|
|
Total Liabilities: |
522.3 |
|
|
Issued Capital: |
70.0 |
|
|
Net Worth: |
110.3 |
|
|
Date of Financial Data: |
30-Jun-2011 |
Key Corporate Relationships
|
Bank: |
Deutsche Bank |
Corporate
Structure News
Sasol Limited
Sasol Germany
GmbH
Sasol
Germany GmbH
Total Corporate Family Members: 59
|
Company Name |
Company Type |
Location |
Country |
Industry |
Sales |
Employees |
|
Parent |
Johannesburg |
South Africa |
Chemical Manufacturing |
20,333.0 |
34,626 |
|
|
Subsidiary |
Secunda |
South Africa |
Coal |
150.0 |
7,425 |
|
|
Division |
Sasolburg, Free State |
South Africa |
Oil and Gas Operations |
|
600 |
|
|
Division |
Johannesburg, Gauteng |
South Africa |
Auto and Truck Manufacturers |
|
200 |
|
|
Subsidiary |
Johannesburg, Gauteng |
South Africa |
Investment Services |
|
|
|
|
Subsidiary |
Secunda |
South Africa |
Chemical Manufacturing |
|
6,000 |
|
|
Subsidiary |
Hamburg, Hamburg |
Germany |
Chemical Manufacturing |
1,754.9 |
1,500 |
|
|
Subsidiary |
Sasolburg |
South Africa |
Oil and Gas Operations |
|
550 |
|
|
Division |
Secunda |
South Africa |
Engineering Consultants |
|
1,200 |
|
|
Division |
Johannesburg |
South Africa |
Business Services |
|
170 |
|
|
Subsidiary |
Gauteng |
South Africa |
Oil and Gas Operations |
|
500 |
|
|
Subsidiary |
Randburg |
South Africa |
Oil and Gas Operations |
|
400 |
|
|
Subsidiary |
Germiston, Gauteng |
South Africa |
Personal and Household Products |
8,741.2 |
|
|
|
Subsidiary |
Ferndale, Johannesburg |
South Africa |
Oil and Gas Operations |
|
500 |
|
|
Division |
Gauteng |
South Africa |
Chemical Manufacturing |
|
500 |
|
|
Division |
Johannesburg |
South Africa |
Natural Gas Utilities |
|
50 |
|
|
Joint Venture |
Bryanston |
South Africa |
Oil and Gas Operations |
625.0 |
350 |
|
|
Subsidiary |
Rosebank, Johannesburg |
South Africa |
Oil and Gas Operations |
|
250 |
|
|
Division |
Saxonwold, Johannesburg |
South Africa |
Construction and Agriculture Machinery |
|
2,000 |
|
|
Division |
Randburg, Johannesburg |
South Africa |
Oil and Gas Operations |
|
800 |
|
|
Subsidiary |
Hamburg, Hamburg |
Germany |
Oil and Gas Operations |
|
620 |
|
|
Subsidiary |
Hamburg, Hamburg |
Germany |
Oil and Gas Operations |
571.9 |
490 |
|
|
Subsidiary |
Heerhugowaard |
Netherlands |
Chemical Manufacturing |
217.9 |
430 |
|
|
Subsidiary |
Heerhugowaard, North Holland |
Netherlands |
Chemicals - Plastics and Rubber |
|
133 |
|
|
Subsidiary |
Veendam, Groningen |
Netherlands |
Chemical Manufacturing |
11.6 |
31 |
|
|
Subsidiary |
Heerhugowaard, Noord-Holland |
Netherlands |
Chemical Manufacturing |
|
|
|
|
Subsidiary |
Sasolburg |
South Africa |
Oil and Gas Operations |
165.4 |
400 |
|
|
Subsidiary |
Shelton, CT |
United States |
Oil and Gas Operations |
|
22 |
|
|
Division |
Johannesburg |
South Africa |
Chemical Manufacturing |
|
500 |
|
|
Division |
Rosebank, Johannesburg |
South Africa |
Oil and Gas Operations |
|
380 |
|
|
Subsidiary |
Hamburg, Hamburg |
Germany |
Chemical Manufacturing |
|
200 |
|
|
Subsidiary |
Houston, TX |
United States |
Chemicals - Plastics and Rubber |
625.0 |
700 |
|
|
Branch |
Westlake, LA |
United States |
Chemical Manufacturing |
313.5 |
550 |
|
|
Branch |
Tucson, AZ |
United States |
Chemical Manufacturing |
3.9 |
50 |
|
|
Branch |
Cleveland, OH |
United States |
Business Services |
0.5 |
4 |
|
|
Affiliates |
Milan |
Italy |
Oil and Gas Operations |
|
700 |
|
|
Affiliates |
Nanjing, Jiangsu |
China |
Chemical Manufacturing |
|
130 |
|
|
Affiliates |
Lodi |
Italy |
Chemical Manufacturing |
|
|
|
|
Division |
Rosebank |
South Africa |
Chemical Manufacturing |
|
120 |
|
|
Subsidiary |
Bad Homburg v.d. Höhe |
Germany |
Chemical Manufacturing |
2,510.3 |
50 |
|
|
Subsidiary |
Nanjing |
China |
Chemical Manufacturing |
1.0 |
|
|
|
Subsidiary |
Bratislava |
Slovakia |
Chemical Manufacturing |
|
|
|
|
Division |
Rosebank |
South Africa |
Oil and Gas Operations |
|
25 |
|
|
Subsidiary |
Rosebank |
South Africa |
Chemical Manufacturing |
|
20 |
|
|
Subsidiary |
Solihull |
United Kingdom |
Miscellaneous Capital Goods |
145.2 |
11 |
|
|
Subsidiary |
Hong Kong |
Hong Kong |
Chemical Manufacturing |
150.0 |
5 |
|
|
Subsidiary |
Johannesburg, Gauteng |
South Africa |
Chemicals - Plastics and Rubber |
15,271.9 |
|
|
|
Subsidiary |
Sasolburg |
South Africa |
Chemical Manufacturing |
8,941.3 |
|
|
|
Subsidiary |
Bratislava |
Slovakia |
Oil and Gas Operations |
|
|
|
|
Division |
Secunda |
South Africa |
Chemical Manufacturing |
|
|
|
|
Subsidiary |
Maputo |
Mozambique |
Oil and Gas Operations |
|
140 |
|
|
Subsidiary |
Hamburg, Hamburg |
Germany |
Chemical Manufacturing |
|
60 |
|
|
Subsidiary |
Johannesburg |
South Africa |
Oil and Gas Operations |
|
55 |
|
|
Subsidiary |
Johannesburg |
South Africa |
Chemical Manufacturing |
|
50 |
|
|
Subsidiary |
Randburg |
South Africa |
Natural Gas Utilities |
|
45 |
|
|
Subsidiary |
Dubai |
United Arab Emirates |
Chemical Manufacturing |
18.0 |
32 |
|
|
Subsidiary |
Secunda, Mpumalanga |
South Africa |
Chemical Manufacturing |
10.4 |
|
|
|
Subsidiary |
Johannesburg |
South Africa |
Investment Services |
|
|
|
|
Subsidiary |
Johannesburg |
South Africa |
Business Services |
|
|
Competitors
Report
|
CompanyName |
Location |
Employees |
Ownership |
|
SĂ¼d-Chemie AG |
MĂ¼nchen, Bayern, Germany |
6,573 |
Public |
Board of Directors
|
|
|
|||
|
Vorsitzender des Aufsichtsrates |
Chairman |
|||
|
Vorsitzender |
Chairman |
|||
|
Chairman-Supervisory Board |
Chairman |
|||
|
Member of the board of directors |
Director/Board Member |
|||
|
Member of the board of directors |
Director/Board Member |
|||
|
Member of the board of directors |
Director/Board Member |
|||
|
Member of the board of directors |
Director/Board Member |
|||
|
Member of the board of directors |
Director/Board Member |
|||
|
Member of the board of directors |
Director/Board Member |
|||
|
Member of the board of directors |
Director/Board Member |
|||
|
Member of the board of directors |
Director/Board Member |
|||
|
Member of the board of directors |
Director/Board Member |
|||
|
Member of the board of directors |
Director/Board Member |
Executives
|
|
|
|||
|
Chief Executive Officer |
Chief Executive Officer |
|||
|
General Manager |
Division Head Executive |
|||
|
Managing director |
Managing Director |
|||
|
Mitglied |
Administration Executive |
|||
|
Press Officer |
Public Relations Executive |
|||
|
Executive |
Other |
News
|
Australia
Patent for 'Apparatus for contacting solids in the form of flowable lumps
with liquids and optionally gases' Ceases |
13-Dec-2011 |
Annual
Profit & Loss
|
|
30-Jun-2011 |
30-Jun-2010 |
30-Jun-2009 |
|
Period Length |
12 Months |
12 Months |
12 Months |
|
Filed Currency |
EUR |
EUR |
EUR |
|
Exchange Rate
(Period Average) |
0.7347 |
0.721483 |
0.731067 |
|
Consolidated |
No |
No |
No |
|
|
|
|
|
|
Total income |
1,754.9 |
1,334.4 |
1,361.5 |
|
Raw materials and services |
1,237.3 |
880.0 |
956.6 |
|
Net sales |
1,754.9 |
1,334.4 |
1,361.5 |
|
Change in stock |
6.7 |
-6.1 |
-11.0 |
|
Own work capitalised |
0.2 |
0.3 |
0.2 |
|
Other operating income |
41.1 |
50.6 |
45.1 |
|
Raw materials and consumables employed |
1,237.3 |
880.0 |
956.6 |
|
Other external charges |
75.0 |
71.2 |
66.9 |
|
Cost of goods sold |
1,312.2 |
951.2 |
1,023.5 |
|
Cost of raw materials |
1,312.2 |
951.2 |
1,023.5 |
|
Taxes and social security costs |
34.9 |
55.6 |
28.3 |
|
Total payroll costs |
181.3 |
188.1 |
148.3 |
|
Fixed asset depreciation and amortisation |
39.8 |
42.3 |
43.9 |
|
Other operating costs |
281.2 |
242.6 |
251.5 |
|
Net operating income |
128.9 |
76.3 |
54.3 |
|
Interest received from loans |
0.0 |
0.0 |
0.0 |
|
Income received from associated companies |
0.1 |
0.1 |
0.0 |
|
Other income |
0.8 |
0.3 |
1.2 |
|
Interest payable on loans |
9.5 |
1.1 |
2.3 |
|
Other expenses |
- |
- |
0.2 |
|
Total expenses |
8.6 |
0.8 |
1.2 |
|
Profit before tax |
120.4 |
75.5 |
53.1 |
|
Extraordinary income |
1.0 |
- |
- |
|
Provisions |
241.8 |
201.7 |
172.3 |
|
Extraordinary expenses |
1.9 |
- |
- |
|
Extraordinary result |
-0.9 |
- |
- |
|
Other taxes |
0.1 |
0.1 |
0.1 |
|
Profit distributed to shareholders |
-119.3 |
-75.3 |
-53.0 |
Annual
Balance Sheet
Financials in: USD (mil)
|
|
30-Jun-2011 |
30-Jun-2010 |
30-Jun-2009 |
|
Filed Currency |
EUR |
EUR |
EUR |
|
Exchange Rate |
0.689727 |
0.816393 |
0.712936 |
|
Consolidated |
No |
No |
No |
|
|
|
|
|
|
Issued capital |
101.5 |
85.7 |
98.2 |
|
Capital reserves |
58.0 |
49.0 |
56.1 |
|
Other reserves |
0.4 |
- |
- |
|
Total reserves |
0.4 |
- |
- |
|
Total stockholders equity |
160.0 |
134.8 |
154.3 |
|
Deferred taxation |
1.1 |
0.9 |
1.0 |
|
Other provisions |
89.9 |
59.0 |
70.9 |
|
Provision for pensions |
166.6 |
118.4 |
104.8 |
|
Provisions and allowances |
257.6 |
178.3 |
176.7 |
|
Trade creditors |
188.5 |
106.2 |
89.5 |
|
Advances received |
1.1 |
1.8 |
1.0 |
|
Taxation and social security |
4.3 |
2.9 |
4.8 |
|
Due to group companies |
141.3 |
71.9 |
59.7 |
|
Owing to participants |
0.0 |
0.0 |
- |
|
Total current liabilities |
335.2 |
182.8 |
155.0 |
|
Regularisation account |
0.4 |
- |
- |
|
Total liabilities (including net worth) |
757.3 |
500.5 |
493.1 |
|
Patents |
1.4 |
0.9 |
1.2 |
|
Intangibles |
1.8 |
1.3 |
1.3 |
|
Land and buildings |
13.1 |
11.2 |
10.8 |
|
Machinery and tools |
91.6 |
84.1 |
103.9 |
|
Fixtures and equipment |
13.1 |
11.2 |
10.8 |
|
Fixed assets under construction |
14.3 |
13.4 |
17.4 |
|
Total tangible fixed assets |
129.4 |
117.0 |
142.2 |
|
Shares held in associated companies |
0.0 |
0.0 |
0.0 |
|
Participating interest |
0.4 |
0.5 |
0.6 |
|
Deposits |
3.2 |
1.9 |
1.5 |
|
Total financial assets |
3.7 |
2.4 |
2.1 |
|
Total non-current assets |
134.9 |
120.7 |
145.6 |
|
Raw materials |
48.0 |
30.5 |
38.8 |
|
Work in progress |
6.0 |
3.8 |
6.4 |
|
Finished goods |
65.2 |
47.3 |
63.0 |
|
Net stocks and work in progress |
119.2 |
81.6 |
108.2 |
|
Trade debtors |
252.2 |
160.6 |
152.9 |
|
Other receivables |
12.8 |
1.7 |
0.8 |
|
Total receivables |
490.0 |
279.7 |
202.4 |
|
Owing from associated companies |
224.9 |
117.4 |
47.9 |
|
Owing from participants |
- |
- |
0.8 |
|
Cash and liquid assets |
12.4 |
18.0 |
36.2 |
|
Total current assets |
621.6 |
379.3 |
346.8 |
|
Prepaid expenses and deferred costs |
0.8 |
0.5 |
0.7 |
|
Total assets |
757.3 |
500.5 |
493.1 |
Annual
Ratios
Financials in: USD (mil)
|
|
30-Jun-2011 |
30-Jun-2010 |
30-Jun-2009 |
|
Period Length |
12 Months |
12 Months |
12 Months |
|
Filed Currency |
EUR |
EUR |
EUR |
|
Exchange Rate |
0.689727 |
0.816393 |
0.712936 |
|
Consolidated |
No |
No |
No |
|
|
|
|
|
|
Current ratio |
18.54 |
20.75 |
22.37 |
|
Acid test ratio |
14.99 |
16.29 |
15.39 |
|
Total liabilities to net worth |
0.21% |
0.14% |
0.10% |
|
Net worth to total assets |
0.02% |
0.03% |
0.03% |
|
Current liabilities to net worth |
0.21% |
0.14% |
0.10% |
|
Current liabilities to stock |
0.28% |
0.22% |
0.14% |
|
Fixed assets to net worth |
0.08% |
0.09% |
0.09% |
|
Collection period |
493.00 |
496.00 |
402.00 |
|
Stock turnover rate |
0.64 |
0.69 |
0.77 |
|
Profit margin |
0.01% |
0.01% |
0.00% |
|
Return on assets |
0.02% |
0.01% |
0.01% |
|
Shareholders' return |
0.08% |
0.05% |
0.04% |
|
Net worth |
160.0 |
134.8 |
154.3 |
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.55.65 |
|
UK Pound |
1 |
Rs.88.10 |
|
Euro |
1 |
Rs.69.84 |
INFORMATION DETAILS
|
Report Prepared
by : |
SDA |
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.