MIRA INFORM REPORT
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Report Date : |
01.02.2012 |
IDENTIFICATION DETAILS
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Name : |
REPSOL QUIMICA SA |
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Registered Office : |
Ps. Castellana, 280, Madrid, 28046 |
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Country : |
Spain |
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Financials (as on) : |
31.12.2010 |
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Year of Establishment : |
1963 |
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Com. Reg. No.: |
A28122992 |
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Legal Form : |
Public Subsidiary Company |
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Line of Business : |
Manufacture and sale of
chemical and petrochemical products and polymers |
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No. of Employees
: |
15 |
RATING & COMMENTS
|
MIRA’s Rating : |
Ca |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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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 |
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Status : |
Poor |
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Payment
Behaviour : |
Unknown |
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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 30th, 2011
|
Country Name |
Previous Rating (30.06.2011) |
Current Rating (30.09.2011) |
|
United Kingdom |
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 & address
Repsol Quimica Sa
Ps. Castellana, 280
Madrid, 28046
Spain
Tel: +(34) 913488000
Fax: +(34) 913489494
Web: www.repsolypf.com
Synthesis
Employees: 15
Company Type: Public Subsidiary
Corporate Family: 52 Companies
Ultimate Parent: Repsol YPF SA
Incorporation Date: 1963
Auditor: Deloitte S.L.
Financials in: USD
(Millions)
Fiscal Year End:
20-Dec-2011
Reporting Currency: Euro
Annual Sales: 4,192.2 1
Net Income: 0.0
Total Assets: 1,951.8
Business Description
Manufacture and sale of chemical and petrochemical products and polymers
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
|
Name |
Title |
|
Jesus Guinea Rodriguez |
Chief Executive Officer,
Member Of The Board |
|
Blas Oliet Pala |
Non Consellor Secretary |
|
Amallo Graiño Bertrand |
Member Of The Board |
|
Maria Isabel Juarez Llorente |
Member Of The Board |
|
Pedro Fernández Frial |
Director General Downstream |
Registered No.(ESP): A28122992
1 - Profit & Loss Item Exchange Rate: USD 1 = EUR 0.7189817
2 - Balance Sheet Item Exchange Rate: USD 1 = EUR 0.7627765
Corporate Overview
Location
Ps. Castellana, 280
Madrid, 28046
Spain
Tel: +(34) 913488000
Fax: +(34) 913489494
Web: www.repsolypf.com
Sales EUR(mil): 3,014.1
Assets EUR(mil): 1,488.8
Employees: 15
Fiscal Year End: 20-Dec-2011
Industry: Oil and Gas Operations
Incorporation Date: 1963
Company Type: Public Subsidiary
Quoted Status: Not Quoted
Registered No.(ESP): A28122992
Director General
Downstream: Pedro Fernández Frial
Contents
· Industry Codes
· Business Description
· Brand/Trade Names
· Financial Data
· Subsidiaries
· Key Corporate Relationships
Industry Codes
ANZSIC 2006 Codes:
3323 - Industrial and Agricultural Chemical Product Wholesaling
1813 - Basic Inorganic Chemical Manufacturing
1821 - Synthetic Resin and Synthetic Rubber Manufacturing
1701 - Petroleum Refining and Petroleum Fuel Manufacturing
1812 - Basic Organic Chemical Manufacturing
NACE 2002 Codes:
2413 - Manufacture of other inorganic basic chemicals
2320 - Manufacture of refined petroleum products
2414 - Manufacture of other organic basic chemicals
2416 - Manufacture of plastics in primary forms
5155 - Wholesale of chemical products
NAICS 2002 Codes:
424690 - Other Chemical and Allied Products Merchant Wholesalers
325211 - Plastics Material and Resin Manufacturing
325199 - All Other Basic Organic Chemical Manufacturing
324110 - Petroleum Refineries
325188 - All Other Basic Inorganic Chemical Manufacturing
US SIC 1987:
2869 - Industrial Organic Chemicals, Not Elsewhere Classified
2821 - Plastics Materials, Synthetic Resins, and Nonvulcanizable
Elastomers
2819 - Industrial Inorganic Chemicals, Not Elsewhere Classified
2911 - Petroleum Refining
5169 - Chemicals and Allied Products, Not Elsewhere Classified
UK SIC 2003:
2320 - Manufacture of refined petroleum products
2416 - Manufacture of plastics in primary forms
5155 - Wholesale of chemical products
2413 - Manufacture of other inorganic basic chemicals
2414 - Manufacture of other organic basic chemicals
Business
Description
Manufacture of plastics in primary forms
More Business
Descriptions
· Manufacture and sale of chemical and petrochemical products and polymers
· Petrochemical Manufacturing
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Corporate Family |
Corporate Structure News: |
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Repsol
Quimica Sa |
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Company
Name |
Company
Type |
Location |
Country |
Industry |
Sales |
Employees |
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|
Repsol YPF SA |
Parent |
Madrid |
Spain |
Oil and Gas Operations |
75,104.8 |
46,071 |
|
|
Acquisition of Seaenergy Renewables Ltd.
proposed/announced.See corporate
structure news on
Repsol YPF SA for details |
|||||||
|
Repsol YPF S.A. |
Subsidiary |
Madrid |
Spain |
Oil and Gas Operations |
450.0 |
18,212 |
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YPF SA |
Subsidiary |
Buenos Aires |
Argentina |
Oil and Gas Operations |
11,288.7 |
10,574 |
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Comercializadora Andina de
Energia S.A. |
Subsidiary |
Bogota, Bogota |
Colombia |
Public Sector and Government |
0.0 |
62 |
|
|
Recently acquired (previously owned by Comercializadora
Andina de Energia S.A.).See corporate
structure news on
Repsol YPF SA for details |
|||||||
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A-Evangelista S.A. |
Subsidiary |
Buenos Aires |
Argentina |
Engineering Consultants |
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Campsa Estaciones De Servicio
Sa |
Subsidiary |
Madrid |
Spain |
Retail (Specialty) |
556.1 |
6,068 |
|
|
Repsol Petroleo Sa |
Subsidiary |
Madrid |
Spain |
Oil and Gas Operations |
22,155.1 |
3,454 |
|
|
Repsol Ypf Lubricantes Y
Especialidades Sa |
Subsidiary |
Madrid |
Spain |
Personal and Household
Products |
1,095.6 |
408 |
|
|
Petroleos Del Norte Sociedad
Anonima |
Subsidiary |
Muskiz, Vizcaya |
Spain |
Oil and Gas Operations |
7,385.9 |
1,126 |
|
|
Repsol Butano Sa |
Subsidiary |
Madrid |
Spain |
Chemical Manufacturing |
1,902.8 |
989 |
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|
Empresas Lipigás S.A. |
Affiliates |
Providencia |
Chile |
Natural Gas Utilities |
504.4 |
676 |
|
|
Repsol Comercial De Productos
Petroliferos, S.A. |
Subsidiary |
Madrid |
Spain |
Oil and Gas Operations |
20,951.6 |
576 |
|
|
Repsol Directo S.A |
Subsidiary |
Madrid |
Spain |
Retail (Specialty) |
289.1 |
223 |
|
|
Societat Catalana De Petrolis
Sa |
Subsidiary |
Barcelona |
Spain |
Oil and Gas Operations |
195.0 |
216 |
|
|
Petrosuport Sl |
Subsidiary |
Terrassa, Barcelona |
Spain |
Business Services |
4.7 |
30 |
|
|
Terminales Canarios Sl |
Subsidiary |
Santa Cruz De Tenerife |
Spain |
Oil and Gas Operations |
25.5 |
106 |
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Solred Sa |
Subsidiary |
Madrid |
Spain |
Miscellaneous Financial
Services |
221.9 |
105 |
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Air Miles España Sa |
Subsidiary |
Alcobendas, Madrid |
Spain |
Personal Services |
60.5 |
84 |
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Noroil Sociedad Anonima |
Subsidiary |
Valle De Trapaga-Trapagaran,
Vizcaya |
Spain |
Oil and Gas Operations |
54.8 |
41 |
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Refineria La Pampilla SA |
Subsidiary |
Callao |
Peru |
Oil and Gas Operations |
3,349.0 |
522 |
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Repsol Comercial S.A.C. |
Subsidiary |
Lima |
Peru |
Oil and Gas Operations |
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Gestion De Puntos De Venta
Gespevesa Sa |
Subsidiary |
Madrid |
Spain |
Miscellaneous Capital Goods |
75.1 |
499 |
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Repsol-YPF SA |
Subsidiary |
Buenos Aires, Buenos Aires |
Argentina |
Oil and Gas Operations |
|
450 |
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Repsol Polímeros Lda |
Subsidiary |
Sines |
Portugal |
Oil and Gas Operations |
858.5 |
430 |
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Repsol Portuguesa SA |
Subsidiary |
Lisboa |
Portugal |
Oil and Gas Operations |
2,441.5 |
250 |
|
|
Gespost - Gestão e
Administração de Postos de Abastecimento, Lda |
Subsidiary |
Lisboa |
Portugal |
Retail (Specialty) |
343.1 |
550 |
|
|
Repsol YPF S.A. |
Subsidiary |
Las Condes |
Chile |
Natural Gas Utilities |
75.0 |
250 |
|
|
Repsol Sinopec Brasil S.A. |
Subsidiary |
Rio de Janeiro, RJ |
Brazil |
Oil and Gas Operations |
265.8 |
235 |
|
|
Repsol YPF Distribuidora S.A. |
Subsidiary |
Rio de Janeiro, RJ |
Brazil |
Retail (Specialty) |
679.3 |
129 |
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Repsol-YPF Venezuela, SA |
Subsidiary |
Barcelona, Anzoategui |
Venezuela |
Oil and Gas Operations |
193.0 |
205 |
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|
Arkema Coatings Resins SRL |
Subsidiary |
Boretto, Reggio Emilia |
Italy |
Chemicals - Plastics and Rubber |
0.0 |
165 |
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Repsol Exploracion Murzuq Sa |
Subsidiary |
Madrid |
Spain |
Oil and Gas Operations |
1,237.7 |
114 |
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Repsol Ypf Trading Y
Transporte Sa |
Subsidiary |
Madrid |
Spain |
Water Transportation |
4,538.0 |
110 |
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Repsol Exploracion Argelia Sa |
Subsidiary |
Madrid |
Spain |
Oil and Gas Operations |
148.2 |
96 |
|
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Repsol France Sa |
Subsidiary |
Toulouse |
France |
Oil and Gas Operations |
26.3 |
34 |
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Compañia Auxiliar De
Remolcadores Y Buques Especiales Sa |
Subsidiary |
Madrid |
Spain |
Recreational Activities |
11.8 |
20 |
|
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Repsol Quimica Sa |
Subsidiary |
Madrid |
Spain |
Oil and Gas Operations |
4,192.2 |
15 |
|
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General Quimica Sociedad
Anonima |
Subsidiary |
Lantaron, Alava |
Spain |
Chemical Manufacturing |
61.8 |
162 |
|
|
Polidux Sociedad Anonima |
Subsidiary |
Madrid |
Spain |
Chemicals - Plastics and
Rubber |
40.7 |
96 |
|
|
Transformadora De Etileno Aie |
Subsidiary |
Madrid |
Spain |
Fabricated Plastic and Rubber |
33.0 |
72 |
|
|
Repsol Chemie Deutschland GmbH |
Subsidiary |
Frankfurt Am Main, Hessen |
Germany |
Chemical Manufacturing |
|
10 |
|
|
Repsol Exploración, S.A. |
Subsidiary |
Madrid |
Spain |
Oil and Gas Operations |
1,433.2 |
|
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Repsol YPF Venezuela S.A. |
Subsidiary |
Barcelona, Anzoategui |
Venezuela |
Oil and Gas Operations |
|
135 |
|
|
Repsol YPF Ecuador S.A. |
Branch |
Quito, Pichincha |
Ecuador |
Oil and Gas Operations |
405.6 |
|
|
|
Repsol Comercializadora De Gas
Sa |
Subsidiary |
Madrid |
Spain |
Recreational Activities |
672.1 |
|
|
|
Repsol Ypf Capital Sl |
Subsidiary |
Madrid |
Spain |
Business Services |
80.1 |
|
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Repsol Ypf Tesoreria Y Gestion
Financiera Sa |
Subsidiary |
Madrid |
Spain |
Business Services |
64.7 |
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Repsol YPF Comercial del Perú
S.A. |
Subsidiary |
Lima |
Peru |
Oil and Gas Operations |
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Repsol-YPF Exploracion del
Peru |
Subsidiary |
Lima |
Peru |
Oil and Gas Operations |
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Repsol YPF - Perú |
Subsidiary |
Lima |
Peru |
Oil and Gas Operations |
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Repsol Portugal, Petróleo |
Subsidiary |
Linda-a-Velha |
Portugal |
Oil and Gas Operations |
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Repsol YPF |
Subsidiary |
Port of Spain |
Trinidad and Tobago |
Oil and Gas Operations |
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Executive report
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Board of Directors |
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Member Of The Board |
Director/Board Member |
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Chief Executive Officer, Member Of The Board |
Director/Board Member |
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Member Of The Board |
Director/Board Member |
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Member Of The Board |
Director/Board Member |
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Member Of The Board |
Director/Board Member |
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Executives |
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Chief Executive Officer, Member Of The Board |
Chief Executive Officer |
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Managing Director |
Managing Director |
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Director General Downstream |
Managing Director |
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Non Consellor Secretary |
Administration Executive |
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Annual Profit & Loss
|
|
31-Dec-2010 |
31-Dec-2009 |
31-Dec-2008 |
|
Period
Length |
12
Months |
12
Months |
12
Months |
|
Filed
Currency |
EUR |
EUR |
EUR |
|
Exchange
Rate (Period Average) |
0.755078 |
0.719047 |
0.683679 |
|
Consolidated |
No |
No |
No |
|
|
|
|
|
|
Charges |
4,178.5 |
2,757.6 |
4,867.1 |
|
Stock Reduction |
- |
64.0 |
83.3 |
|
Supplies |
2,806.9 |
1,979.3 |
3,282.8 |
|
Goods
Consumption |
436.8 |
560.8 |
940.5 |
|
Consumption
of Raw Materials |
2,370.1 |
1,418.5 |
2,342.3 |
|
Staff Costs |
135.4 |
131.4 |
157.8 |
|
Wages and
Salaries |
105.6 |
96.9 |
119.2 |
|
Social
Security Costs |
29.8 |
34.5 |
38.5 |
|
Depreciation |
96.9 |
119.3 |
153.0 |
|
Allowance for Trade Operations |
-3.1 |
-92.1 |
95.8 |
|
Stock
Provision Variation |
- |
-91.5 |
89.1 |
|
Losses
from Unrecovered Receivables |
-3.1 |
-0.6 |
6.7 |
|
Other Operating Charges |
1,093.1 |
598.7 |
794.0 |
|
External
Services |
1,056.9 |
569.7 |
753.0 |
|
Taxes |
9.3 |
7.8 |
10.5 |
|
Other
Operating Expenses |
26.9 |
21.2 |
30.5 |
|
Operating Benefits |
16.1 |
- |
- |
|
Financials and Similar Charges |
18.4 |
26.4 |
73.2 |
|
Due to
Liabilities With Group Companies |
17.0 |
25.8 |
65.5 |
|
Due to
Other Liabilities |
1.4 |
0.6 |
7.8 |
|
Changes in Financial Investment
Provisions |
1.9 |
0.6 |
0.0 |
|
Exchange Losses |
- |
- |
13.3 |
|
Profit From Ordinary Activities |
1.3 |
- |
- |
|
Changes in Provisions for Assets |
48.3 |
9.5 |
37.1 |
|
Losses From Assets and Securities
Portfolio |
- |
- |
0.3 |
|
Corporation Tax |
-19.3 |
-79.5 |
176.7 |
|
Income |
4,153.8 |
2,597.2 |
4,131.1 |
|
Net Total Sales |
3,991.8 |
2,487.4 |
4,000.6 |
|
Sales |
4,046.2 |
2,521.3 |
4,055.2 |
|
Sales
Refunds |
-54.4 |
-33.9 |
-54.5 |
|
Increase in Stocks |
72.5 |
- |
- |
|
Works Performed for Fixed Assets |
9.8 |
6.5 |
13.8 |
|
Miscellaneous Operating Income |
71.3 |
99.7 |
109.4 |
|
Auxiliary
Income From Current Management |
49.0 |
72.3 |
69.7 |
|
Grants |
22.3 |
27.4 |
39.7 |
|
Charges
for Provisions |
- |
- |
0.1 |
|
Operating Losses |
- |
207.0 |
442.8 |
|
Income From Equity Investment |
1.2 |
1.1 |
0.9 |
|
In Group
Companies |
1.2 |
1.1 |
0.9 |
|
Income From Other Securities and
Receivables |
0.7 |
0.4 |
0.4 |
|
From Group
Companies |
0.7 |
0.4 |
0.4 |
|
From
Non-Group Companies |
0.0 |
0.0 |
0.0 |
|
Income From Miscellaneous
Interests |
1.3 |
0.9 |
6.0 |
|
From Group
Companies |
1.2 |
0.7 |
0.7 |
|
Miscellaneous
Interests |
0.0 |
0.1 |
0.6 |
|
Profit on
Financial Investment |
0.0 |
- |
4.7 |
|
Gains from Exchange Rate |
2.4 |
0.6 |
- |
|
Negative Financial Results |
14.8 |
24.0 |
79.2 |
|
Ordinary Activities' Losses |
- |
231.1 |
522.0 |
|
Profit on Disposal of Assets |
2.8 |
0.6 |
- |
|
Capital Grants Transferred to
Profit and Loss |
0.2 |
- |
- |
|
Negative Extraordinary Results |
45.3 |
8.9 |
37.3 |
|
Losses Before Taxes |
44.0 |
240.0 |
559.3 |
|
Financial Year Result (Losses) |
24.6 |
160.4 |
377.9 |
Annual Balance Sheet
Financials in: USD (mil)
|
|
31-Dec-2010 |
31-Dec-2009 |
31-Dec-2008 |
|
Filed
Currency |
EUR |
EUR |
EUR |
|
Exchange
Rate |
0.745406 |
0.696986 |
0.719399 |
|
Consolidated |
No |
No |
No |
|
|
|
|
|
|
Concessions,
Patents, Trademarks |
0.9 |
2.5 |
4.2 |
|
Goodwill |
1.9 |
2.0 |
2.0 |
|
Fees
Paid for Premises |
16.6 |
20.8 |
25.2 |
|
Software |
3.9 |
7.2 |
9.3 |
|
Total
Intangible Fixed Assets |
23.2 |
32.5 |
40.6 |
|
Land
and Construction |
91.1 |
100.3 |
102.0 |
|
Technical
Installations and Machinery |
355.5 |
440.7 |
552.1 |
|
Other
Installations, Tools, and Furniture |
0.6 |
0.7 |
0.9 |
|
Tangible
Fixed Assets Under Construction |
71.2 |
85.9 |
10.1 |
|
Other
Tangible Assets |
6.0 |
7.5 |
9.4 |
|
Total
Tangible Fixed Assets |
524.4 |
635.0 |
674.5 |
|
Investments
in Group Companies |
251.8 |
299.8 |
293.5 |
|
Receivables
from Group Companies |
0.2 |
0.2 |
0.2 |
|
Investments
in Associated Companies |
29.0 |
34.5 |
33.8 |
|
Credits
to Associated Companies |
0.4 |
0.5 |
0.5 |
|
Long-Term
Securities Portfolio |
0.1 |
0.2 |
0.2 |
|
Other
Receivables |
0.3 |
0.7 |
0.0 |
|
Long-Term
Guarantees and Deposits |
2.4 |
- |
2.2 |
|
Financial
Investments |
284.4 |
336.0 |
330.5 |
|
Total Fixed Assets |
832.0 |
1,003.6 |
1,045.7 |
|
Goods
for Resale |
0.1 |
0.9 |
1.1 |
|
Raw
Materials and Other Consumables |
66.3 |
87.8 |
99.1 |
|
Goods
in Process |
6.7 |
8.7 |
11.7 |
|
Finished
Products |
255.3 |
193.5 |
156.4 |
|
Byproducts
and Recovered Materials |
0.7 |
0.3 |
0.5 |
|
Payments
on Account |
0.2 |
1.3 |
2.0 |
|
Total
Stocks |
329.3 |
292.4 |
270.7 |
|
Trade
Debtors |
453.4 |
340.7 |
311.9 |
|
Receivables,
Group Companies |
124.5 |
139.0 |
211.0 |
|
Receivables,
Associated Companies |
0.5 |
0.5 |
0.8 |
|
Other
Debtors |
12.4 |
18.5 |
34.4 |
|
Staff |
- |
- |
5.9 |
|
Public
Bodies |
44.8 |
33.5 |
33.9 |
|
Total
Debtors |
635.5 |
532.2 |
597.9 |
|
Receivables
from Group Companies |
190.2 |
164.3 |
47.1 |
|
Short-Term
Securities Portfolio |
- |
6.3 |
6.1 |
|
Other
Receivables |
0.0 |
0.1 |
- |
|
Short-Term
Guarantees and Deposits |
- |
- |
0.6 |
|
Total
Short-Term Investments |
190.2 |
170.7 |
53.8 |
|
Cash |
7.1 |
0.6 |
0.9 |
|
Prepayments
and Accrued Income |
3.3 |
5.2 |
5.1 |
|
Total Current Assets |
1,165.3 |
1,001.2 |
928.4 |
|
Total
Assets |
1,997.3 |
2,004.8 |
1,974.1 |
|
Revaluation
Reserves |
30.6 |
32.8 |
31.9 |
|
Legal
Reserve |
16.2 |
17.3 |
16.8 |
|
Miscellaneous
Reserves |
356.8 |
375.5 |
364.0 |
|
Capital
Adjustment to Euros |
0.0 |
0.0 |
0.0 |
|
Total
Reserves |
373.0 |
392.9 |
380.8 |
|
Prior
Year Losses |
-1,174.4 |
-973.6 |
-692.8 |
|
Partners
Contribution to Loss Compensation |
109.2 |
- |
113.2 |
|
Profit
or Loss Brought Forward |
-1,065.1 |
-973.6 |
-579.6 |
|
Profit
or Loss for the Financial Year |
-25.0 |
-165.5 |
-363.6 |
|
Total Equity |
-449.7 |
-460.3 |
-285.2 |
|
Capital
Grants |
1.5 |
- |
- |
|
Total Deferred Income |
1.5 |
- |
- |
|
Provisions
for Pension Fund |
2.4 |
1.7 |
- |
|
Provisions
for Taxes |
18.0 |
18.7 |
18.9 |
|
Other
Provisions |
2.8 |
2.9 |
2.9 |
|
Total Provisions for
Liabilities and Charges |
23.1 |
23.3 |
21.8 |
|
Other
Creditors |
607.6 |
501.8 |
1.3 |
|
Long-Term
Payables to Public Bodies |
3.8 |
4.0 |
4.2 |
|
Total
Other Creditors |
611.3 |
505.8 |
5.5 |
|
Total Long Term Liabilities |
611.3 |
505.8 |
5.5 |
|
Non-Convertible
Debentures |
- |
0.1 |
- |
|
Total
Issued Debentures and Other Securities |
- |
0.1 |
- |
|
Loans
and Other Liabilities |
1.4 |
- |
11.9 |
|
Total
Amounts Owed to Credit Institutions |
1.4 |
- |
11.9 |
|
Amounts
Owed to Group Companies |
1,633.4 |
1,750.0 |
1,967.5 |
|
Total
Short-Term Amounts Owed to Group and Associa |
1,633.4 |
1,750.0 |
1,967.5 |
|
Amounts
Owed for Purchases of Goods or Services |
130.1 |
148.6 |
195.5 |
|
Total
Trade Creditors |
130.1 |
148.6 |
195.5 |
|
Public
Bodies |
16.8 |
16.4 |
18.0 |
|
Miscellaneous
Debts |
- |
0.0 |
0.5 |
|
Wages
and Salaries Payable |
- |
- |
12.4 |
|
Guarantees
and Deposits Received at Short Term |
- |
0.0 |
0.1 |
|
Total
Other Creditors |
16.8 |
16.4 |
31.0 |
|
Provisions |
29.3 |
20.5 |
25.2 |
|
Prepayments
and Accrued Income |
- |
0.3 |
1.0 |
|
Total Short Term Creditors |
1,811.0 |
1,935.9 |
2,232.0 |
|
Total
Liabilities and Equity |
1,997.3 |
2,004.8 |
1,974.1 |
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.49.68 |
|
UK Pound |
1 |
Rs.78.17 |
|
Euro |
1 |
Rs.65.52 |
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.