|
Report Date : |
13.12.2012 |
IDENTIFICATION DETAILS
|
Name : |
DOMINGOS DE SOUSA & FILHOS SA |
|
|
|
|
Registered Office : |
Rua Igreja Nova, (Lugar Da Casa Nova) 632 - Apartado 502, Gandarela, 4835-586-Gandarela, Guimaraes, Braga |
|
|
|
|
Country : |
Portugal |
|
|
|
|
Financials (as on) : |
31.12.2011 |
|
|
|
|
Date of Incorporation : |
31.12.1976 |
|
|
|
|
Com. Reg. No.: |
500641269 |
|
|
|
|
Legal Form : |
Joint Stock Company |
|
|
|
|
Line of Business : |
Weaving the type of
cotton yarn |
|
|
|
|
No. of Employees : |
164 employees |
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 |
|
Maximum Credit Limit : |
249.399,00 Euros |
|
|
|
|
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 – June 30th, 2012
|
Country Name |
Previous Rating (31.03.2012) |
Current Rating (30.06.2012) |
|
Portugal |
A2 |
A2 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
|
Moderate |
B1 |
|
High |
B2 |
|
Very High |
C1 |
|
Restricted |
C2 |
|
Off-credit |
D |
portugal - ECONOMIC OVERVIEW
Portugal has become a diversified and increasingly service-based economy since joining the European Community - the EU's predecessor - in 1986. Over the past two decades, successive governments have privatized many state-controlled firms and liberalized key areas of the economy, including the financial and telecommunications sectors. The country qualified for the Economic and Monetary Union (EMU) in 1998 and began circulating the euro on 1 January 2002 along with 11 other EU members. The economy had grown by more than the EU average for much of the 1990s, but fell back in 2001-08, and contracted 2.5% in 2009, before growing 1.3% in 2010. But GDP fell again in 2011, as the government implemented austerity measures, including a 5% public salary cut, a 2% increase in the value-added tax, and an extraordinary tax on yearend bonuses to comply with conditions of an EU-IMF financial rescue package agreed to in May 2011. GDP per capita stands at roughly two-thirds of the EU-27 average. A rigid labor market has been an obstacle to greater productivity and growth. Portugal also has been increasingly overshadowed by lower-cost producers in Central Europe and Asia as a destination for foreign direct investment. Portugal's low competitiveness, low growth prospects, and high levels of public debt have made it vulnerable to bond market turbulence. The government reduced the budget deficit from 10.1% of GDP in 2009 to 4.5% in 2011, an achievement made possible only by the extraordinary revenues obtained from the one-time transfer of bank pension funds to the social security system. Investors, however, continue to express concern about the government's ability to achieve future budget deficit targets and obtain foreign financing to cover its sovereign debt obligations when the EU-IMF financing program expires in 2013. Without the option for stimulus measures, the government is focusing instead on boosting exports and implementing labor market and other structural reforms to try to raise GDP growth and increase Portugal's competitiveness - which, over time, may help mitigate investor concerns.
|
Source : CIA |
|
Name |
DOMINGOS DE SOUSA & FILHOS SA |
|
V.A.T. Number / NIF |
500641269 |
|
Address |
Rua Igreja Nova, (Lugar da Casa Nova) 632
- Apartado 502 |
|
Locality |
Gandarela |
|
Postal Code |
4835-586-GANDARELA |
|
Municipality |
GUIMARAES |
|
District |
BRAGA |
|
Telephone |
253480030, 253561524 |
|
Fax |
253584148, 253561525 |
|
E-Mail |
|
|
Web Site |
|
|
|
|
|
C.A.E.(Rev 3) |
13201- Weaving the type of cotton yarn |
|
Legal Form |
Joint Stock Company |
|
Constitution |
31-12-1976 |
|
V.A.T. Number / NIF |
500641269 |
|
Employees |
164 |
|
Capital |
2.500.000,00 |
|
Sales in : 31-12-2011 |
15.638.753,66 |
|
Shareholders Funds in: 31-12-2011 |
7.994.942,97 |
|
Credit Limit |
249.399,00 |
|
Payments |
Good |
|
|
31-12-2009 |
31-12-2010 |
31-12-2011 |
|
Net Sales |
9.812.035,01 |
13.761.355,69 |
15.638.753,66 |
|
Net Income For the Year |
71.979,69 |
127.541,49 |
101.405,91 |
|
Shareholders Funds |
7.814.442,62 |
7.914.221,53 |
7.994.942,97 |
|
Stocks |
3.430.678,46 |
4.510.517,27 |
4.368.350,53 |
|
LIABILITY |
7.034.755,98 |
9.296.930,45 |
7.897.909,13 |
|
ASSETS |
14.849.198,60 |
17.211.151,98 |
15.892.852,10 |
Consulted sources say that the subject has been
respecting its payments and commercial commitments, so credit connections with
this company are recommended.
All the amounts are express
in Euros, otherwise you will be advised
|
Board of Director's |
|
|
DOMINGOS DE SOUSA |
Shareholder and Board of Director's Pres. |
|
MANUEL JORGE DA SILVA E SOUSA |
Shareholder and Administrator |
|
MARIA DE FATIMA DA SILVA E SOUSA |
Shareholder and Administrator |
|
|
|
|
Fiscal Board |
|
|
PAULO JOSE SOARES DE ALMEIDA |
Unique Fiscal |
|
JOSE DE JESUS SEQUEIRA |
Fiscal Board Substitute |
|
|
|
|
Chair of General Meeting |
|
|
JOANA MARIA SILVA E SOUSA |
Shareholder and Chair of General Meeting Secretary |
|
ROSA MARIA SILVA E SILVA |
Shareholder and Chair of General Meeting President |
|
Registered on the Register Record Office of Guimaraes with the
Register Number 500641269 previous number 1192 in 31-12-1976 |
|
Constitution celebrated in 31-12-1976 published on Diário da República
number 51 of 02-03-1977 |
|
To oblige the company it is necessary 1 signatures |
|
Changes to Society |
|
In 02-06-2011 on Portal MJ of 06-06-2011 social change |
|
In 28-02-2011 on Portal MJ of 06-06-2011 board of director's change |
|
In 15-01-2004 on Diário da República number 200 of 25-08-2004 social
change |
|
In 30-12-1991 on Diário da República number 117 of 21-05-1992 change
in to a joint stock company |
|
The Capital is 2.500.000,00 , divided in 500000 shares , with a
nominal value of 5,00 |
|
|
with the following shareholders |
|
ISABEL MARIA SILVA SOUSA |
412.500,00 |
16,5% |
|
DOMINGOS FERNANDO SILVA SOUSA |
412.500,00 |
16,5% |
|
JOANA MARIA SILVA E SOUSA |
412.500,00 |
16,5% |
|
DOMINGOS DE SOUSA |
25.000,00 |
1% |
|
MANUEL JORGE DA SILVA E SOUSA |
412.500,00 |
16,5% |
|
MARIA DE FATIMA DA SILVA E SOUSA |
412.500,00 |
16,5% |
|
ROSA MARIA SILVA E SILVA |
412.500,00 |
16,5% |
|
Line of Business |
Percentage |
|
Industry spinning and weaving and dyeing of cotton and production of
cloth |
100% |
|
Type of Clients |
Retailers/Wholesalers/Private Companies |
|
|
|
Sales Conditions |
Cash/credit |
|
|
|
Exports to |
ALEMANHA,AUSTRIA,ESPANHA,FINLANDIA,REINO
UNIDO,SUIÇA |
|
|
|
BANCO BPI, SA |
Centro de Empresas de Guimarães |
|
MILLENNIUM BCP |
Guimarães |
|
BANCO SANTANDER TOTTA SA |
Guimarães |
|
CAIXA GERAL DE DEPOSITOS, SA |
Guimarães |
|
BANIF - BANCO INTERNACIONAL DO FUNCHAL, SA |
Guimarães |
There are no of incidents on our database
Total 164
|
Império Bonança Companhia de Seguros SA |
|
Assicurazione Generalli SPA |
|
REAL Companhia de Seguros SA |
|
Head office and factory Rua Igreja Nova,
(Lugar da Casa Nova) 632 - Apartado 502, Gandarela, 4835-586, GANDARELA,
Tel:253480030, Fax:253584148 |
|
Balance Sheet SNC |
||
|
CoinEURO |
|
Date31-12-2011 |
|
|
||
|
Closing Date |
31-12-2011 |
31-12-2010 |
31-12-2009 |
Variação (%) |
|
ASSET |
|
|||
|
|
|
|
|
|
|
Non-current assets |
|
|||
|
Tangible fixed assets |
5.401.006,94 |
5.642.368,29 |
6.071.438,67 |
(4,28) |
|
Investment properties |
102.856,81 |
115.091,71 |
127.326,61 |
(10,63) |
|
Financial participations - patrimonial equity method |
162.225,91 |
|
|
|
|
Financial participations - other methods |
60.778,15 |
76.798,15 |
83.518,15 |
(20,86) |
|
Deferred tax assets |
5.583,12 |
4.466,50 |
5.583,12 |
25,00 |
|
Total |
5.732.450,93 |
5.838.724,65 |
6.287.866,55 |
(1,82) |
|
|
|
|
|
|
|
Current assets |
|
|
||
|
Inventories |
4.368.350,53 |
4.510.517,27 |
3.430.678,46 |
(3,15) |
|
Costumers |
3.432.675,57 |
3.666.117,77 |
2.985.847,09 |
(6,37) |
|
State and other public entities |
515.240,66 |
387.243,90 |
185.149,72 |
33,05 |
|
Other accounts receivable |
47.908,14 |
31.769,13 |
73.798,18 |
50,80 |
|
Deferrals |
66.346,69 |
64.399,95 |
44.477,36 |
3,02 |
|
Financial assets held for trading |
27.820,09 |
13.510,68 |
|
105,91 |
|
Cashier and bank deposits |
1.702.059,49 |
2.698.868,63 |
1.841.381,24 |
(36,93) |
|
Total |
10.160.401,17 |
11.372.427,33 |
8.561.332,05 |
(10,66) |
|
TOTAL ASSET |
15.892.852,10 |
17.211.151,98 |
14.849.198,60 |
(7,66) |
|
|
|
|
|
|
|
SHAREHOLDERS FUNDS AND LIABILITIES |
|
|
||
|
|
|
|
|
|
|
SHAREHOLDERS FUNDS |
|
|
||
|
Capital |
2.500.000,00 |
2.500.000,00 |
2.500.000,00 |
|
|
Other shareholders funds instruments |
200.000,00 |
200.000,00 |
200.000,00 |
|
|
Legal reserves |
1.316.195,96 |
1.198.654,47 |
1.136.674,78 |
9,81 |
|
Other reserves |
8.835,22 |
8.835,22 |
8.835,22 |
|
|
Net retained |
1.513.112,70 |
1.515.348,80 |
1.516.465,42 |
(0,15) |
|
Revaluation surplus |
2.004.252,29 |
2.004.252,29 |
2.004.252,29 |
|
|
Other shareholders funds changes |
351.140,89 |
359.589,26 |
376.235,22 |
(2,35) |
|
Total |
7.893.537,06 |
7.786.680,04 |
7.742.462,93 |
1,37 |
|
Net income for the period |
101.405,91 |
127.541,49 |
71.979,69 |
(20,49) |
|
TOTAL OF SHAREHOLDERS FUNDS |
7.994.942,97 |
7.914.221,53 |
7.814.442,62 |
1,02 |
|
|
|
|
|
|
|
LIABILITY |
|
|
||
|
|
|
|
|
|
|
Non-current liiabilities |
|
|
||
|
Financing obtained |
2.123.487,65 |
3.656.254,18 |
2.725.014,01 |
(41,92) |
|
Diferred taxes liabilities |
22.416,89 |
25.100,87 |
30.538,24 |
(10,69) |
|
Total |
2.145.904,54 |
3.681.355,05 |
2.755.552,25 |
(41,71) |
|
|
|
|
|
|
|
Current liabilities |
|
|
||
|
Suppliers |
1.216.976,72 |
2.080.331,40 |
970.872,66 |
(41,50) |
|
Advances from costumers |
60.000,00 |
33.952,40 |
3.000,00 |
76,72 |
|
State and other public entities |
142.033,09 |
121.263,09 |
110.643,61 |
17,13 |
|
Financing obtained |
3.551.946,19 |
2.608.540,63 |
2.619.310,36 |
36,17 |
|
Other payable accounts |
781.048,59 |
771.487,88 |
575.377,10 |
1,24 |
|
Total |
5.752.004,59 |
5.615.575,40 |
4.279.203,73 |
2,43 |
|
TOTAL LIABILITIES |
7.897.909,13 |
9.296.930,45 |
7.034.755,98 |
(15,05) |
|
TOTAL SHAREHOLDERS FUNDS AND LIABILITIES |
15.892.852,10 |
17.211.151,98 |
14.849.198,60 |
(7,66) |
|
|
|
|
|
|
|
INCOME STATEMENT |
|
|
||
|
|
|
|
|
|
|
INCOME AND EXPENSES |
|
|
||
|
Sales and services |
15.638.753,66 |
13.761.355,69 |
9.812.035,01 |
13,64 |
|
Operating government grants |
1.627,70 |
11.112,64 |
22.389,83 |
(85,35) |
|
Gains/losses allocated subsidiaries, associates and joint ventures |
5.834,77 |
|
|
|
|
Variation in production inventories |
48.009,04 |
(300.671,96) |
350.909,20 |
(115,97) |
|
Work for the entity itself |
|
|
45.013,59 |
|
|
Cost of goods sold and materials consumed |
9.355.389,17 |
7.368.665,07 |
4.649.843,65 |
26,96 |
|
Suppliers and external services |
2.882.888,66 |
2.737.891,31 |
2.229.134,18 |
5,30 |
|
Personnel costs |
2.328.766,88 |
2.309.540,60 |
2.347.395,30 |
0,83 |
|
Impairment of receivables (losses/revearsals) |
(9.714,82) |
9.984,12 |
|
(197,30) |
|
Impairment of investments not depreciable/amortizable (losses/reversals)
|
16.020,00 |
14.220,00 |
|
12,66 |
|
Increases/decreases in fair value |
|
34.260,26 |
|
|
|
Other income and gains |
226.223,35 |
179.796,39 |
111.573,81 |
25,82 |
|
Other expenses and losses |
135.673,97 |
156.294,70 |
65.049,22 |
(13,19) |
|
Result before depreciation, financing costs and taxes |
1.211.424,66 |
1.089.257,22 |
1.050.499,09 |
11,22 |
|
Expenses/reversals of depreciation and amortization |
836.970,23 |
804.049,52 |
841.498,98 |
4,09 |
|
Operating result (before financing costs and taxes) |
374.454,43 |
285.207,70 |
209.000,11 |
31,29 |
|
Interest and similar income obtained |
30.140,71 |
26.081,42 |
109.911,23 |
15,56 |
|
interest and similar expenses incurred |
280.290,44 |
161.258,07 |
231.525,57 |
73,81 |
|
Net before taxes |
124.304,70 |
150.031,05 |
87.385,77 |
(17,15) |
|
Income tax of the period |
22.898,79 |
22.489,56 |
15.406,08 |
1,82 |
|
Net profit for the period |
101.405,91 |
127.541,49 |
71.979,69 |
(20,49) |
|
Closing Date |
31-12-2011 |
31-12-2010 |
31-12-2009 |
|
|
TURNOVER RATIOS |
|
|||
|
Shareholder's Funds Profitability |
0,013 |
0,016 |
0,009 |
|
|
Assets Profitability |
0,024 |
0,017 |
0,014 |
|
|
Sales Net Profitability |
0,006 |
0,009 |
0,007 |
|
|
|
|
|
|
|
|
EFFICIENCY RATIOS |
|
|
||
|
Medium Term Receivable |
80,117 |
97,238 |
111,071 |
|
|
Asset Rotation |
0,984 |
0,8 |
0,661 |
|
|
|
|
|
|
|
|
PRODUCTIVITY RATIOS |
|
|
||
|
Productivity |
2,698 |
2,768 |
2,199 |
|
|
|
|
|
|
|
|
SHORT TERM RATIOS |
|
|
||
|
General Liquidity |
1,766 |
2,025 |
2,001 |
|
|
Reduced Liquidity |
1,007 |
1,222 |
1,199 |
|
|
Immediate Liquidity |
0,296 |
0,481 |
0,43 |
|
|
|
|
|
|
|
|
MEDIUM LONG TERM RATIOS |
|
|
||
|
Financial Autonomy |
0,503 |
0,46 |
0,526 |
|
|
Solvability |
1,012 |
0,851 |
1,111 |
|
|
Borrowed Capital Structure |
0,728 |
0,604 |
0,608 |
|
|
General Debt |
0,71 |
0,792 |
0,684 |
|
|
Medium Long Term Debt |
0,266 |
0,462 |
0,349 |
|
|
Debt Structure |
0,728 |
0,604 |
0,608 |
|
|
Capital Structure |
3,726 |
2,15 |
2,836 |
|
|
|
|
|
|
|
|
Operational and Financial Risk |
|
|
||
|
Operational Leverage Level |
16,78 |
22,414 |
24,699 |
|
|
Financial Leverage Level |
3,012 |
1,901 |
2,392 |
|
|
Combined Leverage Level |
50,541 |
42,609 |
59,08 |
|
|
|
31-12-2009 |
|
Intangible Assets |
26.963,00 |
|
Tangible Assets |
4.318.264,00 |
|
Investments |
408.297,00 |
|
Stocks |
3.430.678,00 |
|
Short Term Receivable |
3.234.128,00 |
|
Banks and Cash |
1.841.381,00 |
|
Accruals and Deferrals |
73.023,00 |
|
Total Assets |
13.332.734,00 |
|
Shareholder's Funds |
6.202.025,00 |
|
Medium and Long Term Payable |
4.904.590,00 |
|
Short Term Payable |
1.684.756,00 |
|
Accruals and Deferrals |
541.364,00 |
|
Total Liabilities and Shareholder's Funds |
13.332.735,00 |
|
Cost of Goods and Consumable Materials |
4.649.844,00 |
|
Outside Supplies and Services |
2.217.561,00 |
|
Personnel Costs |
2.347.395,00 |
|
Sales |
9.812.035,00 |
|
Supplementary Income |
39.537,00 |
|
|
31-12-2007 |
31-12-2008 |
31-12-2009 |
|
Net Sales |
11.633.372,00 |
10.693.009,00 |
9.812.035,00 |
|
Net Income For the Year |
21.890,00 |
36.623,00 |
71.980,00 |
|
Current Assets |
7.066.759,00 |
7.353.400,00 |
8.579.210,00 |
|
Short Term Payables |
1.568.590,00 |
1.497.603,00 |
1.684.756,00 |
|
Cash Flow |
5.498.169,00 |
5.855.797,00 |
6.894.454,00 |
|
Total Assets |
12.133.286,00 |
12.270.037,00 |
13.332.734,00 |
|
Total Liabilities |
6.019.864,00 |
6.129.992,00 |
7.130.710,00 |
|
Shareholders Funds |
6.113.422,00 |
6.140.045,00 |
6.202.025,00 |
|
Personnel Costs |
2.451.518,00 |
2.443.070,00 |
2.347.395,00 |
|
|
31-12-2007 |
31-12-2008 |
31-12-2009 |
|
FINANCIAL SITUATION |
|
|
|
|
General Liquidity |
4,51 |
4,91 |
5,09 |
|
Immediate Liquidity |
2,97 |
2,81 |
3,06 |
|
Financial Autonomy |
0,50 |
0,50 |
0,47 |
|
Solvency |
1,02 |
1,00 |
0,87 |
|
RENTABILITY |
|
|
|
|
Sales Rentability |
0,19 % |
0,34 % |
0,73 % |
|
Sales Rate Increase |
|
(8,08) % |
(8,24) % |
|
EFFICIÊNCY |
|
|
|
|
Assets Turnover |
0,96 |
0,87 |
0,74 |
|
Balance Sheet |
||
|
CoinEURO |
|
Date31-12-2009 |
|
|
||
|
|
Gross Assets |
Depreciations /
Provisions |
Net Assets |
|
Intangible Assets |
|
Subtotal |
96.002,00 |
69.039,00 |
26.963,00 |
|
Tangible Assets |
|
Subtotal |
27.628.386,00 |
23.310.122,00 |
4.318.264,00 |
|
Financial Investments |
|
Subtotal |
583.925,00 |
175.628,00 |
408.297,00 |
|
Stocks |
|
Subtotal |
3.430.678,00 |
|
3.430.678,00 |
|
Short Term Receivable |
|
Subtotal |
3.348.244,00 |
114.116,00 |
3.234.128,00 |
|
Bank Deposits and Cash |
|
Cash |
8.065,00 |
|
8.065,00 |
|
Bank Deposites |
1.833.316,00 |
|
1.833.316,00 |
|
Subtotal |
1.841.381,00 |
|
1.841.381,00 |
|
Accruals and Deferrals |
|
Accrued Income |
28.546,00 |
|
28.546,00 |
|
Deferred Cost |
44.477,00 |
|
44.477,00 |
|
Subtotal |
73.023,00 |
|
73.023,00 |
|
Total Assets |
37.001.639,00 |
23.668.905,00 |
13.332.734,00 |
|
Shareholders Funds and Liabilities |
|
Shareholders
Funds |
|
Capital |
2.500.000,00 |
|
|
Treasury Stock: |
|
|
|
Other Sup. |
200.000,00 |
|
|
Reserves : |
|
|
|
Legal |
2.004.252,00 |
|
|
Free |
1.425.793,00 |
|
|
Net Income For the Year |
71.980,00 |
|
|
Total |
6.202.025,00 |
|
|
Short Term Payable |
|
Bank Loans |
350.293,00 |
|
|
Supliers Fixed Asset |
32.374,00 |
|
|
State and Other Public Bodies |
200.085,00 |
|
|
Other Creditors |
163.506,00 |
|
|
Trade Creditors |
934.695,00 |
|
|
Trade Notes Payable |
3.803,00 |
|
|
Subtotal |
1.684.756,00 |
|
|
Medium and Long Term Payable |
|
Bank Loans |
4.145.013,00 |
|
|
State and Other Public Bodies |
759.577,00 |
|
|
Subtotal |
4.904.590,00 |
|
|
Accruals and Deferrals |
|
Accrued Charges |
414.873,00 |
|
|
Diferred Income |
126.491,00 |
|
|
Subtotal |
541.364,00 |
|
|
TOTAL LIABILITIES |
7.130.710,00 |
|
|
TOTAL LIABILITIES AND SHAREHOLDERS FUNDS |
13.332.735,00 |
|
|
Income Statement |
|
Costs and Losses |
|
Cost of Materials Consumed and Goods Sold: |
|
|
|
Subtotal |
4.649.844,00 |
|
|
Outside Supplies and Services |
2.217.561,00 |
|
|
Personnel Costs |
|
|
|
Subtotal |
2.347.395,00 |
|
|
Depreciation |
841.499,00 |
|
|
Subtotal |
841.499,00 |
|
|
Other Operating Costs |
60.148,00 |
|
|
Int. and Similar Costs: |
|
|
|
Subtotal |
219.938,00 |
|
|
Ext. Costs and Losses |
28.062,00 |
|
|
Taxation Over Income |
15.406,00 |
|
|
Net Income For the Year |
71.980,00 |
|
|
Income and Profits |
|
Sales of : |
|
|
|
Products |
9.607.322,00 |
|
|
Services Provided |
204.713,00 |
|
|
Subtotal |
9.812.035,00 |
|
|
Variation in Production |
350.909,00 |
|
|
Own Works |
45.014,00 |
|
|
Supplementary Income |
39.537,00 |
|
|
Other Operating Income and Gains |
22.390,00 |
|
|
Subtotal |
106.941,00 |
|
|
Trading Securities Income |
|
|
|
Int. and Similar Costs |
|
|
|
Other |
109.911,00 |
|
|
Extra Income and Gains |
72.037,00 |
|
|
Net Income For the Year |
71.980,00 |
|
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.54.27 |
|
UK Pound |
1 |
Rs.87.43 |
|
Euro |
1 |
Rs.70.55 |
INFORMATION DETAILS
|
Report Prepared
by : |
MNL |
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.