|
Report Date : |
26.07.2012 |
IDENTIFICATION DETAILS
|
Name : |
SERRALHARIA JOFEBAR SA |
|
|
|
|
Registered Office : |
Rua D. Marcos da Cruz, 1240 Perafita Matosinhos |
|
|
|
|
Country : |
|
|
|
|
|
Financials (as on) : |
31.12.2011 |
|
|
|
|
Date of Incorporation : |
11.12.1986 |
|
|
|
|
Legal Form : |
Joint Stock Company |
|
|
|
|
Line of Business : |
Manufacture of doors, windows and similar items, metal |
|
|
|
|
No. of Employees : |
46 |
RATING & COMMENTS
|
MIRA’s Rating : |
B |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
|
Status : |
Moderate |
|
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) |
|
Portugal |
A2 |
A2 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
|
Moderate |
B1 |
|
High |
B2 |
|
Very High |
C1 |
|
Restricted |
C2 |
|
Off-credit |
D |
|
Name |
SERRALHARIA JOFEBAR SA |
|
|
|
V.A.T. Number / NIF |
501786724 |
|
|
|
Denomination |
Jofebar |
|
|
|
Address |
Rua D. Marcos da Cruz, 1240 |
|
|
|
Locality |
PERAFITA |
Postal Code |
4455-482-PERAFITA |
|
Municipality |
MATOSINHOS |
District |
PORTO |
|
Telephone |
229996311, 229996312,
229996313 |
|
|
|
Fax |
229966909 |
|
|
|
E-Mail |
jofebar@jofebar.com |
|
|
|
Web Site |
www.jofebar.com |
|
|
|
|
|
|
|
|
C.A.E.(Rev 3) |
25120- Manufacture of
doors, windows and similar items, metal |
|
|
|
Legal Form |
Joint Stock Company |
|
|
|
Constitution |
11-12-1986 |
V.A.T. Number / NIF |
501786724 |
|
Employees |
46 |
Capital |
250.000,00 |
|
Sales in : 31-12-2011 |
14.520.423,79 |
Shareholders Funds in:
31-12-2011 |
2.368.412,27 |
|
Credit |
Followed |
|
|
|
Condition |
Not Determined |
Tendency |
Not Determined |
|
Financing |
Not Determined |
Payments |
Not Determined |
|
Rating |
0 |
|
|
|
Actual Condition |
In activity |
|
|
|
The classification of economic activities used is
CAE Revision 3, adopted on 14 November 2007, which came to replace CAE
Revision 2.1 |
|
All the amounts are express in Euros, otherwise you will
be advised |
|
Governing Bodies |
|
|
|
|
Board of Director's |
|
|
JOSE MARIA MARQUES FERREIRA |
Shareholder and Board of
Director's Pres. |
|
JOSE RICARDO ANTUNES OLIVEIRA REDONDO |
Administrator |
|
PAULO HUMBERTO FERNANDES VALE |
Administrator |
|
|
|
|
Fiscal Board |
|
|
CARLOS ALBERTO DA SILVA E CUNHA |
Fiscal Board Substitute |
|
CRUZ,CUNHA,CAMPOS & ASSOCIADOS SROC |
Unique Fiscal |
|
BANCO BPI, SA |
Centro de Empresas Maia |
|
BPN - BANCO PORTUGUES DE NEGOCIOS, SA |
Centro de Empresas do Porto |
|
BANCO SANTANDER TOTTA SA |
Porto |
|
CAIXA GERAL DE DEPOSITOS, SA |
Porto |
|
MILLENNIUM BCP |
Centro Empresas Porto |
|
Registed on the Register Record
Office of Matosinhos with the Register Number 501786724 previous number 818
in 05-02-1987 |
|
Constitution celebrated
in 11-12-1986 published on Diário da República number 10 of 13-01-1987 |
|
To oblige the company it
is necessary 2 signature |
|
In 27-03-2012 on Portal
MJ of 30-03-2012 board of director's change |
|
In 31-08-2011 on Portal
MJ of 09-11-2011 board of director's change |
|
In 30-04-2011 on Portal
MJ of 07-03-2011 board of director's change |
|
In 30-10-2009 on Portal
MJ of 02-11-2009 social change |
|
In 03-09-2009 on Portal
MJ of 05-11-2009 board of director's change |
|
The Capital is 250.000,00
, divided in 50000 shares , with a nominal value of 5,00 |
|
|
with the following
shareholders |
|
JOSE MARIA MARQUES FERREIRA |
|
|
|
Company |
|
Companhia de Seguros Fidelidade Mundial |
|
Zurich Companhia de Seguros SA |
|
COSEC Correctora de Seguros |
|
Line of Business |
Percentage |
|
Locksmithing industry,
turning, blacksmithing and related |
100% |
|
Type of Clients |
Private
Companies/Constructors/ublic |
|
|
|
Sales Conditions |
Cash/credit |
|
|
|
Sales Area |
|
|
|
|
Country |
100% |
|
|
|
Imports from |
ESPANHA,FRANÇA,ITALIA |
|
|
|
Jofebar |
|
Total |
46 |
|
Had head office Zona Industrial da Varziela, Rua 1 - Lote 2, Lugar de
Beche, FAJOZES, 4485-103, FAJOZES |
|
Factory Zona Industrial da Varziela, Rua 7 - Lote 9, Lugar de Beche,
FAJOZES, 4485-103, FAJOZES, Tel:252645294, Fax:252645295 |
|
Head office and office Rua D.Marcos da Cruz, 1240, PERAFITA, 4455-482,
PERAFITA, Tel:229996311, Fax:229966909 |
|
Date: 27-04-2012 |
Judicial District Esposende - Tribunal Judicial |
|
|
Amount: 7.750,00 Euro |
Type: Sumária |
|
|
Author: Maria José Morgado Miranda Sousa |
|
|
|
Process: 543/12.3TBEPS |
|
|
|
|
||
|
Observations: 1º Juízo |
||
|
|
||
|
Date: 27-04-2012 |
Judicial District Esposende - Tribunal Judicial |
|
|
Amount: 7.750,00 Euro |
Type: Sumária |
|
|
Author: Cipriano Aparicio Batista de Sousa |
|
|
|
Process: 543/12.3TBEPS |
|
|
|
|
||
|
Observations: 1º Juízo |
||
|
|
||
|
Date: 20-02-2012 |
Judicial District Valongo - Tribunal Trabalho |
|
|
Amount: 1.891,50 Euro |
Type: Acçăo de Processo Comum |
|
|
Author: Yaroslav
Prysyazhnyuk |
|
|
|
Process: 71/12.7TTVLG |
|
|
|
|
||
|
Observations: Secçăo Única |
||
|
|
||
|
Date: 21-07-2011 |
Judicial District Lisboa - Juízos Cíveis |
|
|
Amount: 16.519,20 Euro |
Type: Especial Cump.Obrig. Pecuniarias DL 269/98 |
|
|
Author: Schüco International Kg, Sucursal Em Portugal |
|
|
|
Process: 165632/11.0YIPRT |
|
|
|
|
||
|
Observations: 8º Juízo - 2ª Secçăo |
||
|
|
||
|
Date: 26-04-2011 |
Judicial District Matosinhos - Tribunal Judicial |
|
|
Amount: 1.603,30 Euro |
Type: Acçăo Declarativa ao abrigo do DL 108/2006 |
|
|
Author: Caetano Technik e Squadra, Lda. |
Situation: Contestada |
|
|
Process: 57194/11.0YIPRT |
|
|
|
|
||
|
Observations: 2º Juízo Cível |
||
|
|
||
|
Date: 13-10-2009 |
Judicial District Valongo - Tribunal Judicial |
|
|
Amount: 30.690,05 Euro |
Type: Ordinária |
|
|
Author: Vidromarques,Lda |
Situation: Resolvida |
|
|
Process: 254686/09.2YIPRT |
|
|
|
|
||
|
Observations: 3º Juízo |
||
|
Consulted sources say that
the subject has been respecting its payments and commercial commitments.
However, the incident(s) that we join should be considered in credit
connections. |
|
The subject participates
on the following company(ies) |
|
|
|
|
|
NAME |
HIPERJANELAS LDA |
|
Address |
Rua D.Marcos da Cruz, 1240 |
|
Locality |
PERAFITA |
|
Telephone |
229484889 |
|
Fax |
229488710 |
|
E-Mail |
geral@hiperjanelas.pt |
|
Web Site |
www.hiperjanelas.pt |
|
C.A.E. |
47784- Retail sale of other
new products in specialized n.d |
|
Capital |
50.000,00 |
|
Participation |
100% |
|
Balance Sheet SNC |
||
|
CoinEURO |
|
Date31-12-2011 |
|
|
||
|
Closing Date |
31-12-2011 |
31-12-2010 |
31-12-2009 |
Variaçăo (%) |
|
|
|
|||
|
ASSET |
|
|||
|
|
|
|
|
|
|
Non-current assets |
|
|||
|
Tangible fixed assets |
1.428.415,13 |
862.563,05 |
951.562,52 |
65,60 |
|
Intangible assets |
20.185,76 |
21.262,87 |
10.175,83 |
(5,07) |
|
Financial participations - patrimonial equity
method |
1.319.397,30 |
902.952,20 |
641.000,00 |
46,12 |
|
Financial participations - other methods |
15.000,00 |
15.000,00 |
10.000,00 |
|
|
Total |
2.782.998,19 |
1.801.778,12 |
1.612.738,35 |
54,46 |
|
|
|
|
|
|
|
Current assets |
|
|
||
|
Inventories |
895.550,02 |
755.800,54 |
746.402,00 |
18,49 |
|
Costumers |
5.389.697,33 |
2.599.290,48 |
2.441.959,84 |
107,35 |
|
Advances to suppliers |
23.287,28 |
|
|
|
|
State and other public
entities |
399.538,09 |
90.267,37 |
219.181,09 |
342,62 |
|
Other accounts receivable
|
1.400.790,15 |
154.140,85 |
202.308,10 |
808,77 |
|
Deferrals |
14.166,56 |
8.387,63 |
4.247,76 |
68,90 |
|
Cashier and bank deposits
|
578.870,08 |
922.338,95 |
535.665,23 |
(37,24) |
|
Total |
8.701.899,51 |
4.530.225,82 |
4.149.764,02 |
92,09 |
|
TOTAL ASSET |
11.484.897,70 |
6.332.003,94 |
5.762.502,37 |
81,38 |
|
|
|
|
|
|
|
SHAREHOLDERS FUNDS AND
LIABILITIES |
|
|
||
|
|
|
|
|
|
|
SHAREHOLDERS FUNDS |
|
|
||
|
Capital |
250.000,00 |
250.000,00 |
250.000,00 |
|
|
Other shareholders funds
instruments |
49.699,47 |
49.699,47 |
49.699,47 |
|
|
Legal reserves |
50.000,00 |
50.000,00 |
37.031,08 |
|
|
Other reserves |
1.246.597,58 |
845.157,31 |
523.895,53 |
47,50 |
|
Net retained |
(91.917,51) |
(7.395,97) |
(10.451,69) |
1.142,81 |
|
Adjustments on financial
assets |
218.896,53 |
|
|
|
|
Total |
1.723.276,07 |
1.187.460,81 |
850.174,39 |
45,12 |
|
Net income for the period
|
645.136,20 |
702.236,80 |
334.230,70 |
(8,13) |
|
TOTAL OF SHAREHOLDERS
FUNDS |
2.368.412,27 |
1.889.697,61 |
1.184.405,09 |
25,33 |
|
|
|
|
|
|
|
LIABILITY |
|
|
||
|
|
|
|
|
|
|
Non-current liiabilities |
|
|
||
|
Provisions |
|
43.333,00 |
130.000,00 |
|
|
Financing obtained |
1.360.623,27 |
764.705,06 |
555.382,55 |
77,93 |
|
Total |
1.360.623,27 |
808.038,06 |
685.382,55 |
68,39 |
|
|
|
|
|
|
|
Current liabilities |
|
|
||
|
Suppliers |
4.440.508,25 |
2.355.886,87 |
1.955.049,85 |
88,49 |
|
Advances from costumers |
706.729,00 |
74.128,32 |
|
853,39 |
|
State and other public
entities |
166.651,96 |
128.735,28 |
201.159,50 |
29,45 |
|
Shareholders/partners |
31.900,00 |
|
|
|
|
Financing obtained |
1.545.465,48 |
336.212,11 |
149.172,53 |
359,67 |
|
Other payable accounts |
864.607,47 |
503.430,89 |
586.319,93 |
71,74 |
|
Deferrals |
|
235.874,80 |
1.001.012,92 |
|
|
Total |
7.755.862,16 |
3.634.268,27 |
3.892.714,73 |
113,41 |
|
TOTAL LIABILITIES |
9.116.485,43 |
4.442.306,33 |
4.578.097,28 |
105,22 |
|
TOTAL SHAREHOLDERS FUNDS
AND LIABILITIES |
11.484.897,70 |
6.332.003,94 |
5.762.502,37 |
81,38 |
|
|
|
|
|
|
|
INCOME STATEMENT |
|
|
||
|
|
|
|
|
|
|
INCOME AND EXPENSES |
|
|
||
|
Sales and services |
14.520.423,79 |
8.685.068,34 |
9.157.079,06 |
67,19 |
|
Operating government
grants |
1.050,30 |
9.878,73 |
|
(89,37) |
|
Gains/losses allocated
subsidiaries, associates and joint ventures |
100.659,44 |
218.896,53 |
|
(54,02) |
|
Cost of goods sold and
materials consumed |
(5.379.477,63) |
3.068.467,36 |
4.209.677,01 |
(275,31) |
|
Suppliers and external
services |
(5.313.953,18) |
2.839.503,13 |
2.299.243,41 |
(287,14) |
|
Personnel costs |
(2.655.641,79) |
1.979.488,35 |
1.732.730,70 |
(234,16) |
|
Impairment of receivables
(losses/revearsals) |
(87.892,84) |
75.541,89 |
47.593,08 |
(216,35) |
|
Provisions
(increases/reductions) |
43.333,00 |
(86.667,00) |
130.000,00 |
(150,00) |
|
Other income and gains |
135.879,57 |
224.760,49 |
184.517,16 |
(39,54) |
|
Other expenses and losses
|
(82.319,60) |
52.766,16 |
123.770,89 |
(256,01) |
|
Result before
depreciation, financing costs and taxes |
1.282.061,06 |
1.209.504,20 |
798.581,13 |
6,00 |
|
Expenses/reversals of
depreciation and amortization |
(257.570,42) |
239.261,77 |
245.224,64 |
(207,65) |
|
Operating result (before
financing costs and taxes) |
1.024.490,64 |
970.242,43 |
553.356,49 |
5,59 |
|
Interest and similar
income obtained |
268,40 |
187,43 |
20.862,46 |
43,20 |
|
interest and similar
expenses incurred |
(149.568,83) |
74.290,62 |
93.178,98 |
(301,33) |
|
Net before taxes |
875.190,21 |
896.139,24 |
481.039,97 |
(2,34) |
|
Income tax of the period |
(230.054,01) |
193.902,44 |
146.809,27 |
(218,64) |
|
Net profit for the period
|
645.136,20 |
702.236,80 |
334.230,70 |
(8,13) |
|
Closing Date |
31-12-2011 |
31-12-2010 |
31-12-2009 |
|
|
|
|
|||
|
TURNOVER RATIOS |
|
|||
|
Shareholder's Funds
Profitability |
0,272 |
0,372 |
0,282 |
|
|
Assets Profitability |
0,089 |
0,153 |
0,096 |
|
|
Sales Net Profitability |
0,044 |
0,081 |
0,036 |
|
|
|
|
|
|
|
|
EFFICIENCY RATIOS |
|
|
||
|
Medium Term Receivable |
135,481 |
109,238 |
97,336 |
|
|
Asset Rotation |
1,264 |
1,372 |
1,589 |
|
|
|
|
|
|
|
|
PRODUCTIVITY RATIOS |
|
|
||
|
Productivity |
(7,493) |
2,837 |
2,855 |
|
|
|
|
|
|
|
|
SHORT TERM RATIOS |
|
|
||
|
General Liquidity |
1,122 |
1,247 |
1,066 |
|
|
Reduced Liquidity |
1,007 |
1,039 |
0,874 |
|
|
Immediate Liquidity |
0,075 |
0,254 |
0,138 |
|
|
|
|
|
|
|
|
MEDIUM LONG TERM RATIOS |
|
|
||
|
Financial Autonomy |
0,206 |
0,298 |
0,206 |
|
|
Solvability |
0,26 |
0,425 |
0,259 |
|
|
Borrowed Capital
Structure |
0,851 |
0,818 |
0,85 |
|
|
General Debt |
1,227 |
0,583 |
0,595 |
|
|
Medium Long Term Debt |
0,574 |
0,405 |
0,469 |
|
|
Debt Structure |
0,851 |
0,818 |
0,85 |
|
|
Capital Structure |
1,741 |
2,339 |
1,728 |
|
|
|
|
|
|
|
|
Operational and Financial
Risk |
|
|
||
|
Operational Leverage
Level |
19,424 |
5,789 |
8,941 |
|
|
Financial Leverage Level |
1,171 |
1,083 |
1,15 |
|
|
Combined Leverage Level |
22,746 |
6,269 |
10,282 |
|
|
|
31-12-2009 |
|
|
Intangible Assets |
10.176,00 |
|
|
Tangible Assets |
951.563,00 |
|
|
Investments |
651.000,00 |
|
|
Stocks |
746.402,00 |
|
|
Short Term Receivable |
2.855.532,00 |
|
|
Banks and Cash |
535.665,00 |
|
|
Accruals and Deferrals |
12.165,00 |
|
|
Total Assets |
5.762.503,00 |
|
|
Shareholder's Funds |
1.223.905,00 |
|
|
Provisions |
130.000,00 |
|
|
Medium and Long Term Payable
|
555.383,00 |
|
|
Short Term Payable |
2.661.393,00 |
|
|
Accruals and Deferrals |
1.191.821,00 |
|
|
Total Liabilities and
Shareholder's Funds |
5.762.502,00 |
|
|
Cost of Goods and
Consumable Materials |
4.209.677,00 |
|
|
Outside Supplies and
Services |
2.299.243,00 |
|
|
Personnel Costs |
1.693.231,00 |
|
|
Sales |
9.157.079,00 |
|
|
Supplementary Income |
151.180,00 |
|
|
|
31-12-2007 |
31-12-2008 |
31-12-2009 |
|
Net Sales |
4.317.124,00 |
5.770.013,00 |
9.157.079,00 |
|
Net Income For the Year |
138.521,00 |
163.834,00 |
373.731,00 |
|
Current Assets |
2.927.350,00 |
3.060.123,00 |
4.149.764,00 |
|
Short Term Payables |
2.307.016,00 |
2.059.764,00 |
2.661.393,00 |
|
Cash Flow |
620.334,00 |
1.000.359,00 |
1.488.371,00 |
|
Total Assets |
3.739.558,00 |
4.073.497,00 |
5.762.503,00 |
|
Total Liabilities |
3.053.979,00 |
3.172.547,00 |
4.538.597,00 |
|
Shareholders Funds |
685.579,00 |
900.949,00 |
1.223.905,00 |
|
Personnel Costs |
926.368,00 |
1.228.452,00 |
1.693.231,00 |
|
|
31-12-2007 |
31-12-2008 |
31-12-2009 |
|
FINANCIAL SITUATION |
|
|
|
|
General Liquidity |
1,27 |
1,49 |
1,56 |
|
Immediate Liquidity |
0,98 |
1,26 |
1,28 |
|
Financial Autonomy |
0,18 |
0,22 |
0,21 |
|
Solvency |
0,22 |
0,28 |
0,27 |
|
RENTABILITY |
|
|
|
|
Sales Rentability |
3,21 % |
2,84 % |
4,08 % |
|
Sales Rate Increase |
|
33,65 % |
58,70 % |
|
EFFICIÊNCY |
|
|
|
|
Assets Turnover |
1,15 |
1,42 |
1,59 |
|
Balance Sheet |
||
|
CoinEURO |
|
Date31-12-2009 |
|
|
||
|
|
Gross Assets |
Depreciations /
Provisions |
Net Assets |
|
Intangible Assets |
|
Subtotal |
69.186,00 |
59.010,00 |
10.176,00 |
|
Tangible Assets |
|
Subtotal |
1.985.802,00 |
1.034.239,00 |
951.563,00 |
|
Financial
Investments |
|
Subtotal |
651.000,00 |
|
651.000,00 |
|
Stocks |
|
Subtotal |
746.402,00 |
|
746.402,00 |
|
Short
Term Receivable |
|
Subtotal |
3.352.638,00 |
497.106,00 |
2.855.532,00 |
|
Bank
Deposits and Cash |
|
Cash |
10.145,00 |
|
10.145,00 |
|
Bank Deposites |
525.520,00 |
|
525.520,00 |
|
Subtotal |
535.665,00 |
|
535.665,00 |
|
Accruals
and Deferrals |
|
Accrued Income |
4.248,00 |
|
4.248,00 |
|
Deferred Cost |
7.917,00 |
|
7.917,00 |
|
Subtotal |
12.165,00 |
|
12.165,00 |
|
|
|
Total Assets |
7.352.858,00 |
1.590.355,00 |
5.762.503,00 |
|
Shareholders
Funds and Liabilities |
|
Shareholders Funds |
|
Capital |
250.000,00 |
|
|
Treasury Stock: |
|
|
|
Other Sup. |
49.699,00 |
|
|
Reserves : |
|
|
|
Free |
560.927,00 |
|
|
Net Retained |
(10.452,00) |
|
|
Net Income For the Year |
373.731,00 |
|
|
Total |
1.223.905,00 |
|
|
Provisions |
|
Subtotal |
130.000,00 |
|
|
Short
Term Payable |
|
Bank Loans |
86.892,00 |
|
|
Supliers Fixed Asset |
62.281,00 |
|
|
State and Other Public
Bodies |
201.160,00 |
|
|
Other Creditors |
356.011,00 |
|
|
Trade Creditors |
1.955.050,00 |
|
|
Subtotal |
2.661.393,00 |
|
|
Medium
and Long Term Payable |
|
Adv. For Clients |
142.274,00 |
|
|
Other Loans |
413.108,00 |
|
|
Subtotal |
555.383,00 |
|
|
Accruals
and Deferrals |
|
Accrued Charges |
190.808,00 |
|
|
Diferred Income |
1.001.013,00 |
|
|
Subtotal |
1.191.821,00 |
|
|
TOTAL LIABILITIES |
4.538.597,00 |
|
|
TOTAL LIABILITIES AND
SHAREHOLDERS FUNDS |
5.762.502,00 |
|
|
Income
Statement |
|
Costs
and Losses |
|
Cost of Materials
Consumed and Goods Sold: |
|
|
|
Subtotal |
4.209.677,00 |
|
|
Outside Supplies and
Services |
2.299.243,00 |
|
|
Personnel Costs |
|
|
|
Subtotal |
1.693.231,00 |
|
|
Depreciation |
245.225,00 |
|
|
Provisions |
177.593,00 |
|
|
Subtotal |
422.818,00 |
|
|
Other Operating Costs |
46.455,00 |
|
|
Int. and Similar Costs: |
|
|
|
Subtotal |
93.179,00 |
|
|
Ext. Costs and Losses |
77.315,00 |
|
|
Taxation Over Income |
146.809,00 |
|
|
Net Income For the Year |
373.731,00 |
|
|
Income
and Profits |
|
Sales of : |
|
|
|
Products |
1.461.940,00 |
|
|
Services Provided |
7.695.139,00 |
|
|
Subtotal |
9.157.079,00 |
|
|
Supplementary Income |
151.180,00 |
|
|
Subtotal |
151.180,00 |
|
|
Trading Securities Income
|
|
|
|
Int. and Similar Costs |
|
|
|
Other |
20.862,00 |
|
|
Extra Income and Gains |
33.337,00 |
|
|
Net Income For the Year |
373.731,00 |
|
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.56.37 |
|
|
1 |
Rs.87.44 |
|
Euro |
1 |
Rs.68.04 |
INFORMATION DETAILS
|
Report
Prepared by : |
PRL |
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.