MIRA
INFORM REPORT
|
Report Date : |
07.09.2012 |
IDENTIFICATION DETAILS
|
Name : |
SUZLON WIND ENERGY LIMITED |
|
|
|
|
|
|
Registered Office : |
Global House 5a Sandy's Row London E1 7HW |
|
|
|
|
|
|
Country : |
United Kingdom |
|
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|
|
|
Financials (as on) : |
31.03.2011 |
|
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|
|
|
|
Date of Incorporation : |
07.04.2006 |
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|
|
|
|
|
Com. Reg. No.: |
05774256 |
|
|
|
|
|
|
Legal Form : |
Private Limited with Share Capital |
|
|
|
|
|
|
Line of Business : |
Investment Holding Company |
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|
|
No. of Employees : |
Not Available |
|
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) |
|
United Kingdom |
A1 |
A1 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
|
Moderate |
B1 |
|
High |
B2 |
|
Very High |
C1 |
|
Restricted |
C2 |
|
Off-credit |
D |
UNITED KINGDOM - ECONOMIC OVERVIEW
The UK, a leading trading power
and financial center, is the third largest economy in Europe after Germany and
France. Over the past two decades, the government has greatly reduced public
ownership and contained the growth of social welfare programs. Agriculture is
intensive, highly mechanized, and efficient by European standards, producing
about 60% of food needs with less than 2% of the labor force. The UK has large
coal, natural gas, and oil resources, but its oil and natural gas reserves are
declining and the UK became a net importer of energy in 2005. Services,
particularly banking, insurance, and business services, account by far for the
largest proportion of GDP while industry continues to decline in importance.
After emerging from recession in 1992, Britain's economy enjoyed the longest
period of expansion on record during which time growth outpaced most of Western
Europe. In 2008, however, the global financial crisis hit the economy
particularly hard, due to the importance of its financial sector. Sharply
declining home prices, high consumer debt, and the global economic slowdown
compounded Britain's economic problems, pushing the economy into recession in
the latter half of 2008 and prompting the then BROWN (Labour) government to
implement a number of measures to stimulate the economy and stabilize the
financial markets; these include nationalizing parts of the banking system,
temporarily cutting taxes, suspending public sector borrowing rules, and moving
forward public spending on capital projects. Facing burgeoning public deficits
and debt levels, in 2010 the CAMERON-led coalition government (between
Conservatives and Liberal Democrats) initiated a five-year austerity program,
which aims to lower London's budget deficit from over 10% of GDP in 2010 to
nearly 1% by 2015. In November 2011, Chancellor of the Exchequer George OSBORNE
announced additional austerity measures through 2017 because of
slower-than-expected economic growth and the impact of the euro-zone debt
crisis. The CAMERON government raised the value added tax from 17.5% to 20% in
2011. It has pledged to reduce the corporation tax rate to 23% by 2015. The
Bank of England (BoE) implemented an asset purchase program of up to £325
billion (approximately $525 billion) as of February 2011. During times of
economic crisis, the BoE coordinates interest rate moves with the European
Central Bank, but Britain remains outside the European Economic and Monetary
Union (EMU).
Source
: CIA
REGISTERED NAME & COMPANY
SUMMARY
|
Company Name |
SUZLON WIND ENERGY LIMITED |
Company Number |
05774256 |
|
|
|
|
|
|
Registered
Address |
GLOBAL HOUSE 5A SANDY'S ROW |
Trading Address |
Global House |
|
|
LONDON |
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|
|
|
|
|
|
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|
E1 7HW |
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|
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|
|
Website Address |
- |
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|
|
Telephone Number
|
- |
Fax Number |
|
|
TPS |
- |
FPS |
No |
|
Incorporation
Date |
07/04/2006 |
Company Status |
Active - Accounts Filed |
|
Previous Name |
|
Type |
Private limited with Share Capital |
|
Date of Change |
- |
Filing Date of Accounts
|
22/10/2011 |
|
|
|
Share Capital |
£682,710,041 |
|
SIC03 |
9305 |
Currency |
GBP |
|
SIC03
Description |
OTHER SERVICE ACTIVITIES |
||
|
SIC07 |
96090 |
||
|
SIC07
Description |
OTHER SERVICE ACTIVITIES N.E.C. |
||
|
Principal Activity
|
Investment holding company. Accounts data converted from E uro. |
||
DIRECTORS/MANAGEMENT
|
Total Current Directors |
2 |
|
Total Current Secretaries |
1 |
|
Total Previous Directors / Company Secretaries |
3 |
Current Directors
|
Name |
Date of Birth |
02/02/1958 |
|
|
Officers Title |
|
Nationality |
Indian |
|
Present Appointments |
1 |
Function |
Director |
|
Appointment Date |
07/04/2006 |
|
|
|
Address |
C/501, Satelite Towers, Orion,, Mundhwa, Pune
411036, |
||
|
|
|
|
|
|
Name |
Date of Birth |
08/02/1970 |
|
|
Officers Title |
Mr |
Nationality |
Indian |
|
Present Appointments |
1 |
Function |
Director |
|
Appointment Date |
07/04/2006 |
|
|
|
Address |
C/401, Satelite Tower, Orion,, Mundhwa, Pune, |
||
|
|
|
|
|
Current Company Secretary
|
Name |
Date of Birth |
- |
|
|
Officers Title |
|
Nationality |
British |
|
Present Appointments |
1 |
Function |
Company Secretary |
|
Appointment Date |
27/01/2009 |
|
|
|
Address |
400 Capability Green, , Luton, LU1 3AE |
||
Previous Director/Company Secretaries
|
Name |
Current Directorships |
Previous Directorships |
|
150 |
441 |
|
|
98 |
1189 |
|
|
90 |
2280 |
NEGATIVE INFORMATION
Commentary
|
No exact match CCJs are recorded against the company. |
|
|
There is insufficient data to indicate a change in this companies
percentage of sales. |
|
|
Net Worth increased by 6.5% during the latest trading period. |
|
|
A 6.5% growth in Total Assets occurred during the latest trading
period. |
|
|
Pre-tax profits increased by 83.3% compared to the previous trading
period. |
|
|
The company saw an increase in their Cash Balance of 77.5% during the
latest trading period. |
|
|
The audit report contains no adverse comments. |
|
|
No recent changes in directorship are recorded. |
|
|
The company is part of a group. |
|
|
The company was established over 6 years ago. |
|
CCJ
|
Total Number of Exact CCJs - |
Total Value of Exact CCJs - |
||
|
Total Number of Possible CCJs - |
Total Value of Possible CCJs - |
||
|
Total Number of Satisfied CCJs - |
Total Value of Satisfied CCJs - |
||
|
Total Number of Writs - |
- |
|
|
Exact CCJ Details
There are no exact CCJ details
Possible CCJ Details
There are no possible CCJ details
Writ Details
There are no writ details
Exact CCJ Details
|
No CCJs found |
Possible CCJs Details
|
There are no possible CCJ details |
Writ Details
|
No writs found |
SHARE & SHARE CAPITAL
INFORMATION
Top 20 Shareholders
|
Name |
Individual Share Value |
|
SUZLON ENERGY LTD |
682,710,041 ORDINARY GBP 1.00 |
PAYMENT INFORMATION
Payment Information Summary
|
Days Beyond Terms |
Trend Indicator |
|
||||
|
Steady Improving Worsening |
|
Creditor Details
|
No Creditor Data |
|
Total Value |
- |
Trade Debtors / Bad Debt Detail
|
No Debtor Data |
|
Total Value |
- |
GROUP STRUCTURE & AFFILIATED
COMPANIES
|
Statistics
|
Summary
|
Group structure
|
Company Name |
|
Registered Number |
Latest Key Financials |
Consol. Accounts |
Turnover |
|
|
|
N/A |
- |
- |
|
|
|
|
05774256 |
31.03.2011 |
N |
|
SUZLON
ENERGY LTD Statistics
|
Group |
|
|
Linkages |
59 companies |
|
Countries |
In 16 countries |
Other Linked companies
|
|
Number |
Latest Key Financials |
||
|
SUMITOMO HEAVY INDUSTRIES |
|
|
31.03.2012 |
€5,351,615,088 |
|
AE-ROTOR HOLDING B.V. |
|
08097459 |
31.03.2011 |
|
|
REPOWER SYSTEMS SE |
|
HRB 118644 |
31.03.2011 |
€1,079,372,405 |
|
SUMITOMO (SHI) CYCLO DRIVE GERMANY GMBH |
|
HRB 47691 |
31.12.2010 |
€55,561,153 |
|
WINDPARK OLSDORF WATT GMBH & CO. KG |
|
HRA 2550 |
31.03.2011 |
|
|
HANSEN TRANSMISSIONS LIMITED |
|
00298393 |
31.03.2011 |
£2,987,000 |
|
SM-CYCLO UK LIMITED |
|
03270912 |
31.12.2011 |
£8,412,480 |
|
SUMITOMO (SHI) DEMAG PLASTICS MACHINERY (UK) LIMITED |
|
01185700 |
31.12.2010 |
£7,933,000 |
|
SUZLON ENERGY GMBH |
|
HRB 9571 |
31.03.2011 |
|
|
SUZLON WINDPARK MANAGEMENT GMBH |
|
HRB 10169 |
31.03.2010 |
|
|
SE DRIVE TECHNIK GMBH |
|
HRB 11018 |
31.03.2011 |
|
|
SUZLON WINDENERGIE GMBH |
|
HRB 11235 |
31.03.2011 |
|
|
SE BLADES TECHNOLOGY B.V. |
|
08097855 |
31.03.2012 |
€9,372,782 |
|
SUZLON ENERGY B.V. |
|
08097857 |
31.03.2009 |
|
|
TARILO HOLDING B.V. |
|
14037952 |
31.03.2011 |
|
|
VALUM HOLDING B.V. |
|
24105396 |
31.03.2011 |
|
|
DEMAG HAMILTON HOLDINGS LIMITED |
|
04241547 |
31.12.2010 |
|
|
SUMITOMO (SHI) CRYOGENICS OF EUROPE LIMITED |
|
01695258 |
31.12.2011 |
£21,165,400 |
|
I.W.T. COMPOSITES LIMITED |
|
06570986 |
31.03.2011 |
|
|
SUZLON ENERGY |
|
04-25447 |
31.03.2012 |
€3,249,545,685 |
FINANCIAL INFORMATION
Key Financials
|
Year to Date |
Turnover |
Pre Tax Profit |
Shareholder Funds |
Employees |
|
31/03/2011 |
- |
-£11,196 |
£823,130,652 |
- |
|
31/03/2010 |
- |
-£67,120 |
£772,886,139 |
- |
|
31/03/2009 |
- |
-£329,128 |
£764,759,825 |
1 |
Profit & Loss
|
Date Of Accounts |
31/03/11 |
(%) |
31/03/10 |
(%) |
31/03/09 |
(%) |
31/03/08 |
(%) |
31/03/07 |
|
Weeks |
52 |
(%) |
52 |
(%) |
52 |
(%) |
52 |
(%) |
51 |
|
Currency |
GBP |
(%) |
GBP |
(%) |
GBP |
(%) |
GBP |
(%) |
GBP |
|
Consolidated A/cs |
N |
(%) |
N |
(%) |
N |
(%) |
N |
(%) |
N |
|
Turnover |
- |
- |
- |
- |
- |
- |
- |
- |
- |
|
Export |
- |
- |
- |
- |
- |
- |
- |
- |
- |
|
Cost of Sales |
- |
- |
- |
- |
- |
- |
- |
- |
- |
|
Gross Profit |
- |
- |
- |
- |
- |
- |
- |
- |
- |
|
Wages & Salaries |
- |
- |
- |
-100% |
£121,300 |
- |
- |
- |
- |
|
Directors Emoluments |
- |
- |
- |
- |
- |
- |
- |
- |
- |
|
Operating Profit |
-£20,670 |
70.6% |
-£70,354 |
58% |
-£167,394 |
-107.4% |
-£80,694 |
-112.5% |
-£37,982 |
|
Depreciation |
- |
- |
- |
- |
- |
- |
- |
- |
- |
|
Audit Fees |
£7,751 |
-81.6% |
£42,051 |
173.7% |
£15,365 |
-29.2% |
£21,692 |
116.9% |
£10,000 |
|
Interest Payments |
- |
- |
- |
- |
- |
- |
- |
- |
- |
|
Pre Tax Profit |
-£11,196 |
83.3% |
-£67,120 |
79.6% |
-£329,128 |
-204.8% |
£314,100 |
999.9% |
£2,232 |
|
Taxation |
- |
-100% |
£105,127 |
- |
- |
100% |
-£64,208 |
-999.9% |
-£5,696 |
|
Profit After Tax |
-£11,196 |
-129.5% |
£38,007 |
111.5% |
-£329,128 |
-231.7% |
£249,892 |
999.9% |
-£3,464 |
|
Dividends Payable |
- |
- |
- |
- |
- |
- |
- |
- |
- |
|
Retained Profit |
-£11,196 |
-129.5% |
£38,007 |
111.5% |
-£329,128 |
-231.7% |
£249,892 |
999.9% |
-£3,464 |
Balance
Sheet
|
Date Of Accounts |
31/03/11 |
(%) |
31/03/10 |
(%) |
31/03/09 |
(%) |
31/03/08 |
(%) |
31/03/07 |
|
Tangible Assets |
£823,029,024 |
6.5% |
£772,698,528 |
44.3% |
£535,353,388 |
-2.5% |
£549,240,781 |
544% |
£85,284,500 |
|
Intangible Assets |
0 |
- |
0 |
- |
0 |
- |
0 |
- |
0 |
|
Total Fixed Assets |
£823,029,024 |
6.5% |
£772,698,528 |
44.3% |
£535,353,388 |
-2.5% |
£549,240,781 |
544% |
£85,284,500 |
|
Stock |
0 |
- |
0 |
- |
0 |
- |
0 |
- |
0 |
|
Trade Debtors |
0 |
- |
0 |
- |
0 |
- |
0 |
- |
0 |
|
Cash |
£120,575 |
77.5% |
£67,928 |
342.1% |
£15,365 |
-95.9% |
£371,367 |
14.7% |
£323,762 |
|
Other Debtors |
£1,723 |
-99.1% |
£194,081 |
-99.9% |
£229,417,758 |
32.2% |
£173,519,306 |
999.9% |
£4,656,796 |
|
Miscellaneous Current Assets |
0 |
- |
0 |
- |
0 |
- |
0 |
- |
0 |
|
Total Current Assets |
£122,298 |
-53.3% |
£262,009 |
-99.9% |
£229,433,123 |
31.9% |
£173,890,672 |
999.9% |
£4,980,558 |
|
Trade Creditors |
£2,584 |
-94.4% |
£46,094 |
147.8% |
£18,599 |
- |
0 |
- |
0 |
|
Bank Loans & Overdrafts |
0 |
- |
0 |
- |
0 |
- |
0 |
- |
0 |
|
Other Short Term Finance |
0 |
- |
0 |
- |
0 |
- |
0 |
- |
0 |
|
Miscellaneous Current Liabilities |
£18,086 |
-36.1% |
£28,303 |
250% |
£8,087 |
-91.8% |
£98,915 |
382% |
£20,522 |
|
Total Current Liabilities |
£20,670 |
-72.2% |
£74,398 |
178.8% |
£26,686 |
-73% |
£98,915 |
382% |
£20,522 |
|
Bank Loans & Overdrafts and LTL |
0 |
- |
0 |
- |
0 |
- |
0 |
- |
0 |
|
Other Long Term Finance |
0 |
- |
0 |
- |
0 |
- |
0 |
- |
0 |
|
Total Long Term Liabilities |
0 |
- |
0 |
- |
0 |
- |
0 |
- |
0 |
Capital & Reserves
|
Date Of Accounts |
31/03/11 |
(%) |
31/03/10 |
(%) |
31/03/09 |
(%) |
31/03/08 |
(%) |
31/03/07 |
|
Called Up Share Capital |
£823,327,879 |
6.5% |
£773,060,003 |
1.1% |
£764,971,697 |
5.8% |
£722,906,725 |
701% |
£90,248,000 |
|
P & L Account Reserve |
-£197,227 |
-13.4% |
-£173,864 |
17.9% |
-£211,871 |
-268.4% |
£125,813 |
999.9% |
-£3,464 |
|
Revaluation Reserve |
- |
- |
- |
- |
- |
- |
- |
- |
- |
|
Sundry Reserves |
- |
- |
- |
- |
- |
- |
- |
- |
- |
|
Shareholder Funds |
£823,130,652 |
6.5% |
£772,886,139 |
1.1% |
£764,759,825 |
5.8% |
£723,032,538 |
701.2% |
£90,244,536 |
Other Financial Items
|
Date Of Accounts |
31/03/11 |
(%) |
31/03/10 |
(%) |
31/03/09 |
(%) |
31/03/08 |
(%) |
31/03/07 |
|
Net Worth |
£823,130,652 |
6.5% |
£772,886,139 |
1.1% |
£764,759,825 |
5.8% |
£723,032,538 |
701.2% |
£90,244,536 |
|
Working Capital |
£101,628 |
-45.8% |
£187,611 |
-99.9% |
£229,406,437 |
32% |
£173,791,757 |
999.9% |
£4,960,036 |
|
Total Assets |
£823,151,322 |
6.5% |
£772,960,537 |
1.1% |
£764,786,511 |
5.8% |
£723,131,453 |
701.1% |
£90,265,058 |
|
Total Liabilities |
£20,670 |
-72.2% |
£74,398 |
178.8% |
£26,686 |
-73% |
£98,915 |
382% |
£20,522 |
|
Net Assets |
£823,130,652 |
6.5% |
£772,886,139 |
1.1% |
£764,759,825 |
5.8% |
£723,032,538 |
701.2% |
£90,244,536 |
Cash Flow
|
Date Of Accounts |
31/03/11 |
(%) |
31/03/10 |
(%) |
31/03/09 |
(%) |
31/03/08 |
(%) |
31/03/07 |
|
Net Cashflow from Operations |
- |
- |
- |
- |
- |
- |
-£123,783,841,215 |
- |
- |
|
Net Cashflow before Financing |
- |
- |
- |
- |
- |
100% |
-£424,544,628,200 |
- |
- |
|
Net Cashflow from Financing |
- |
- |
- |
- |
- |
- |
£424,559,481,128 |
- |
- |
|
Increase in Cash |
- |
- |
- |
- |
- |
- |
£14,852,928 |
- |
- |
Miscellaneous
|
Date Of Accounts |
31/03/11 |
(%) |
31/03/10 |
(%) |
31/03/09 |
(%) |
31/03/08 |
(%) |
31/03/07 |
|
Contingent Liability |
YES |
- |
NO |
- |
NO |
- |
YES |
- |
NO |
|
Capital Employed |
£823,130,652 |
6.5% |
£772,886,139 |
1.1% |
£764,759,825 |
5.8% |
£723,032,538 |
701.2% |
£90,244,536 |
|
Number of Employees |
- |
- |
- |
- |
1 |
- |
- |
- |
- |
|
Auditors |
ERNST & YOUNG LLP |
||||||||
|
Auditor Comments |
The audit report contains no adverse comments |
||||||||
|
Bankers |
STANDARD CHARTERED |
||||||||
|
Bank Branch Code |
60-91-04 |
||||||||
Ratios
|
Date Of Accounts |
31/03/11 |
31/03/10 |
31/03/09 |
31/03/08 |
31/03/07 |
|
Pre-tax profit margin % |
- |
- |
- |
- |
- |
|
Current ratio |
5.92 |
3.52 |
8597.49 |
1757.97 |
242.69 |
|
Sales/Net Working Capital |
- |
- |
- |
- |
- |
|
Gearing % |
0 |
0 |
0 |
0 |
0 |
|
Equity in % |
100 |
100 |
100 |
100 |
100 |
|
Creditor Days |
- |
- |
- |
- |
- |
|
Debtor Days |
- |
- |
- |
- |
- |
|
Liquidity/Acid Test |
5.91 |
3.52 |
8597.48 |
1757.97 |
242.69 |
|
Return On Capital Employed % |
- |
- |
-0.04 |
0.04 |
- |
|
Return On Total Assets Employed % |
- |
- |
-0.04 |
0.04 |
- |
|
Current Debt Ratio |
- |
- |
- |
- |
- |
|
Total Debt Ratio |
- |
- |
- |
- |
- |
|
Stock Turnover Ratio % |
- |
- |
- |
- |
- |
|
Return on Net Assets Employed % |
- |
- |
-0.04 |
0.04 |
- |
FOREIGN EXCHANGE RATES
Na
ADDITIONAL INFORMATION
Mortgage Summary
|
Outstanding |
2 |
|
Satisfied |
0 |
Status History
|
No Status History found |
Event
History
|
Date |
Description |
|
26/05/2012 |
Annual Returns |
|
29/10/2011 |
New Accounts Filed |
|
18/05/2011 |
Annual Returns |
|
27/07/2010 |
New Accounts Filed |
|
27/07/2010 |
New Accounts Filed |
|
14/05/2010 |
Annual Returns |
|
19/02/2010 |
New Accounts Filed |
|
19/02/2010 |
New Accounts Filed |
|
13/05/2009 |
Annual Returns |
|
03/04/2009 |
New Company Secretary TMF NOMINEES LIMITED appointed |
|
26/03/2009 |
CHALFEN SECRETARIES LIMITED has resigned as company secretary |
|
20/01/2009 |
Change in Reg.Office |
|
20/01/2009 |
Change of Company Postcode |
|
30/05/2008 |
New Accounts Filed |
|
26/05/2008 |
Annual Returns |
Previous Company Names
|
No Previous Names found |
Mortgage Details
|
Mortgage Type: |
DEED OF PLEDGE OF SHARES |
||
|
Date Charge Created: |
29/02/08 |
|
|
|
Date Charge Registered: |
11/03/08 |
|
|
|
Date Charge Satisfied: |
- |
|
|
|
Status: |
OUTSTANDING |
|
|
|
Person(s) Entitled: |
ABN AMRO BANK N.V. SINGAPORE BRANCH (THE SECURITY AGENT) |
||
|
Amount Secured: |
ALL MONIES DUE OR TO BECOME DUE FROM EACH OBLIGOR TO THE CHARGEE IN ITS
CAPACITY AS A FINANCE PARTY AND AS A PARALLEL CREDITOR UNDER THE TERMS OF THE
AFOREMENTIONED INSTRUMENT CREATING OR EVIDENCING T HE CHARGE |
||
|
Details: |
ALL ITS PRESENT AND FUTURE RIGHTS TITLEAND INTEREST IN AND TO ALL THE SHARES
AND SHARE RIGHTS SEE IM AGE FOR FULL DETAILS |
||
|
Mortgage Type: |
DEED OF PLEDGE OF SHARES EXECUTED OUTSIDE THE UNITED KINGDOM OVER
PROPERTY SITUATED THERE |
||
|
Date Charge Created: |
28/09/07 |
|
|
|
Date Charge Registered: |
17/10/07 |
|
|
|
Date Charge Satisfied: |
- |
|
|
|
Status: |
OUTSTANDING |
|
|
|
Person(s) Entitled: |
ABN AMRO BANK N.V. SINGAPORE BRANCH (SECURITY AGENT) |
||
|
Amount Secured: |
ALL MONIES DUE OR TO BECOME DUE FROM EACH OBLIGOR TO THE CHARGEE UNDER
THE TERMS OF THE AFOREMENTION ED INSTRUMENT CREATING OR EVIDENCING THE CHARGE |
||
|
Details: |
THE SHARES AND SHARE RIGHTS, SEE THE MORTGAGE CHARGE DOCUMENT FOR FULL
DETAILS |
||
NOTES & COMMENTS
Na
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.55.97 |
|
|
1 |
Rs.89.02 |
|
Euro |
1 |
Rs.70.61 |
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.