MIRA
INFORM REPORT
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Report Date : |
20.09.2012 |
IDENTIFICATION DETAILS
|
Name : |
KERRY INGREDIENTS |
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Registered Office : |
Quartier Salignan, BP 137 Apt, |
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Country : |
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Financials (as on) : |
31.12.2010 |
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Date of Incorporation : |
15.01.1975 |
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Com. Reg. No.: |
305305492 |
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Legal Form : |
Private Subsidiary |
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Line of Business : |
Manufacture of fruit ingredients for the bakery, confectionery,
cereal, snack, chilled dairy and ice cream market sectors |
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No. of Employees : |
405 |
RATING & COMMENTS
|
MIRA’s Rating : |
B |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
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Status : |
Moderate |
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Payment Behaviour : |
Slow |
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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 – March 31st, 2012
|
Country Name |
Previous Rating (31.12.2011) |
Current Rating (31.03.2012) |
|
France |
A1 |
A1 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
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Moderate |
B1 |
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High |
B2 |
|
Very High |
C1 |
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Restricted |
C2 |
|
Off-credit |
D |
FRANCE - ECONOMIC OVERVIEW
France was transitioning from an economy that has featured extensive
government ownership and intervention to one that relies more on market
mechanisms but is in the midst of a euro-zone crisis. The government has
partially or fully privatized many large companies, banks, and insurers, and
has ceded stakes in such leading firms as Air France, France Telecom, Renault,
and Thales. It maintains a strong presence in some sectors, particularly power,
public transport, and defense industries. With at least 75 million foreign
tourists per year, France is the most visited country in the world and
maintains the third largest income in the world from tourism. France's leaders
remain committed to a capitalism in which they maintain social equity by means
of laws, tax policies, and social spending that reduce income disparity and the
impact of free markets on public health and welfare. France's real GDP
contracted 2.6% in 2009, but recovered somewhat in 2010 and 2011. The
unemployment rate increased from 7.4% in 2008 to 9.3% in 2010 and 9.1% in 2011.
Lower-than-expected growth and increased unemployment have cut government
revenues and increased borrowing costs, contributing to a deterioration of
France's public finances. The government budget deficit rose sharply from 3.4%
of GDP in 2008 to 7.5% of GDP in 2009 before improving to 5.8% of GDP in 2011,
while France's public debt rose from 68% of GDP to 86% over the same period.
Under President SARKOZY, Paris implemented austerity measures that eliminated
tax credits and froze most government spending in an effort to bring the budget
deficit under the 3% euro-zone ceiling by 2013 and to highlight France's
commitment to fiscal discipline at a time of intense financial market scrutiny
of euro-zone debt levels. Socialist Francois HOLLANDE won the May 2012
presidential election, after advocating pro-growth economic policies, as well
as measures such as forcing banks to separate their traditional deposit taking
and lending activities from more speculative businesses, increasing taxes on
bank profits, introducing a new top bracket on income taxes for people earning
over €1 million ($1.3 million) a year, and hiring an additional 60,000 civil
servants during his five-year term of office.
|
Source
: CIA |
Company name and address
|
Kerry Ingredients France SAS |
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Employees: |
405 |
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Company Type: |
Private Subsidiary |
|
Corporate Family: |
122 Companies |
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Ultimate Parent: |
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Incorporation Date: |
15-Jan-1975 |
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Fiscal Year End: |
31-Dec-2010 |
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Reporting Currency: |
Euro |
|
Annual Sales: |
98.0 |
|
Total Assets: |
134.9 |
Business Description
|
Manufacture of fruit ingredients for the bakery,
confectionery, cereal, snack, chilled dairy and ice cream market sectors |
Industry
|
Industry |
Beverages
(Non-Alcoholic) |
|
ANZSIC 2006: |
1211 - Soft
Drink, Cordial and Syrup Manufacturing |
|
NACE 2002: |
1589 - Manufacture
of other food products not elsewhere classified |
|
NAICS 2002: |
311930 -
Flavoring Syrup and Concentrate Manufacturing |
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UK SIC 2003: |
1589 -
Manufacture of other food products not elsewhere classified |
|
UK SIC 2007: |
1089 - Manufacture
of other food products n.e.c. |
|
US SIC 1987: |
2087 - Flavoring
Extracts and Flavoring Syrups, Not Elsewhere Classified |
Key Executives
|
Registered No.(FRA)
305305492
1 - Profit & Loss Item Exchange Rate: USD 1 = EUR 0.7550783
2 - Balance Sheet Item Exchange Rate: USD 1 = EUR 0.7454064
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Corporate Family |
Corporate Structure News: |
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Kerry Ingredients France SAS |
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Company Name |
Company Type |
Location |
Country |
Industry |
Sales |
Employees |
|
Parent |
Tralee |
Ireland |
Food Processing |
7,372.5 |
24,045 |
|
|
Subsidiary |
Egham |
United Kingdom |
Food Processing |
876.9 |
4,669 |
|
|
UK Branch/Trading address |
Poole |
United Kingdom |
Food Processing |
876.9 |
800 |
|
|
UK Branch/Trading address |
Durham |
United Kingdom |
Food Processing |
876.9 |
350 |
|
|
UK Branch/Trading address |
Rotherham |
United Kingdom |
Food Processing |
876.9 |
225 |
|
|
UK Branch/Trading address |
Attleborough |
United Kingdom |
Food Processing |
876.9 |
150 |
|
|
UK Branch/Trading address |
Swindon |
United Kingdom |
Food Processing |
876.9 |
100 |
|
|
UK Branch/Trading address |
Stockport |
United Kingdom |
Food Processing |
876.9 |
80 |
|
|
UK Branch/Trading address |
Southampton |
United Kingdom |
Personal Services |
876.9 |
28 |
|
|
UK Branch/Trading address |
Horsham |
United Kingdom |
Food Processing |
876.9 |
25 |
|
|
UK Branch/Trading address |
Bridgend |
United Kingdom |
Food Processing |
876.9 |
22 |
|
|
UK Branch/Trading address |
Amersham |
United Kingdom |
Personal Services |
876.9 |
20 |
|
|
UK Branch/Trading address |
Rushden |
United Kingdom |
Personal Services |
876.9 |
20 |
|
|
UK Branch/Trading address |
Shepton Mallet |
United Kingdom |
Personal Services |
876.9 |
18 |
|
|
UK Branch/Trading address |
Glasgow |
United Kingdom |
Food Processing |
876.9 |
15 |
|
|
UK Branch/Trading address |
Rhyl |
United Kingdom |
Food Processing |
876.9 |
15 |
|
|
UK Branch/Trading address |
Inverness |
United Kingdom |
Food Processing |
876.9 |
8 |
|
|
UK Branch/Trading address |
Carlisle |
United Kingdom |
Food Processing |
876.9 |
7 |
|
|
UK Branch/Trading address |
Hyde |
United Kingdom |
Food Processing |
876.9 |
5 |
|
|
Subsidiary |
Tallaght |
Ireland |
Fish and Livestock |
1,750.0 |
|
|
|
Subsidiary |
Woodstock, ON |
Canada |
Food Processing |
15.3 |
100 |
|
|
Subsidiary |
Beloit, WI |
United States |
Food Processing |
567.0 |
2,000 |
|
|
Branch |
Fredericksburg, IA |
United States |
Food Processing |
311.5 |
350 |
|
|
Branch |
Blue Earth, MN |
United States |
Food Processing |
15.0 |
200 |
|
|
Subsidiary |
New Century, KS |
United States |
Food Processing |
193.9 |
170 |
|
|
Branch |
Melrose Park, IL |
United States |
Food Processing |
59.2 |
127 |
|
|
Branch |
Owen, WI |
United States |
Food Processing |
106.8 |
120 |
|
|
Branch |
Evansville, IN |
United States |
Food Processing |
48.6 |
120 |
|
|
Branch |
Union City, CA |
United States |
Food Processing |
25.0 |
101 |
|
|
Branch |
Jackson, WI |
United States |
Food Processing |
40.5 |
100 |
|
|
Branch |
Gridley, IL |
United States |
Miscellaneous Capital Goods |
39.8 |
100 |
|
|
Branch |
Plant City, FL |
United States |
Food Processing |
35.4 |
95 |
|
|
Subsidiary |
Kent, WA |
United States |
Food Processing |
8.0 |
90 |
|
|
Branch |
Teterboro, NJ |
United States |
Food Processing |
32.4 |
60 |
|
|
Subsidiary |
Mansfield, OH |
United States |
Food Processing |
91.7 |
50 |
|
|
Branch |
Teterboro, NJ |
United States |
Food Processing |
11.9 |
33 |
|
|
Branch |
Grand Rapids, MI |
United States |
Food Processing |
12.2 |
30 |
|
|
Branch |
Greenville, MO |
United States |
Food Processing |
7.7 |
19 |
|
|
Branch |
Lenexa, KS |
United States |
Retail (Grocery) |
0.6 |
5 |
|
|
Branch |
Rogers, AR |
United States |
Retail (Grocery) |
1.0 |
4 |
|
|
Branch |
Plant City, FL |
United States |
Business Services |
0.3 |
2 |
|
|
Subsidiary |
Chicago, IL |
United States |
Beverages (Non-Alcoholic) |
|
|
|
|
Subsidiary |
Bristol |
United Kingdom |
Food Processing |
572.2 |
1,862 |
|
|
Subsidiary |
Sydney, NSW |
Australia |
Chemical Manufacturing |
|
1,000 |
|
|
Subsidiary |
Zwijndrecht |
Netherlands |
Food Processing |
|
970 |
|
|
Subsidiary |
Norwich, NY |
United States |
Food Processing |
114.2 |
125 |
|
|
Subsidiary |
Rochester, MN |
United States |
Food Processing |
76.5 |
85 |
|
|
Subsidiary |
Lapu-Lapu |
Philippines |
Food Processing |
|
45 |
|
|
Subsidiary |
Cincinnati, OH |
United States |
Chemical Manufacturing |
|
700 |
|
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Branch |
Monroe, OH |
United States |
Chemical Manufacturing |
13.7 |
25 |
|
|
Branch |
Elizabeth, NJ |
United States |
Miscellaneous Transportation |
2.3 |
18 |
|
|
Subsidiary |
Coleraine |
United Kingdom |
Food Processing |
210.1 |
416 |
|
|
Subsidiary |
Apt |
France |
Beverages (Non-Alcoholic) |
98.0 |
405 |
|
|
Subsidiary |
Gargas |
France |
Retail (Grocery) |
18.1 |
4 |
|
|
Subsidiary |
Campinas, Sao Paulo |
Brazil |
Food Processing |
|
400 |
|
|
Subsidiary |
Kielce |
Poland |
Food Processing |
|
300 |
|
|
Subsidiary |
Johor Bahru, Johor |
Malaysia |
Food Processing |
129.8 |
290 |
|
|
Subsidiary |
Tralee |
Ireland |
Food Processing |
|
200 |
|
|
Subsidiary |
Charleville |
Ireland |
Food Processing |
|
200 |
|
|
Subsidiary |
Elk Grove Village, IL |
United States |
Food Processing |
4.9 |
145 |
|
|
Subsidiary |
Coleraine |
United Kingdom |
Crops |
50.8 |
104 |
|
|
Subsidiary |
Luton |
United Kingdom |
Food Processing |
|
100 |
|
|
Subsidiary |
Almere |
Netherlands |
Food Processing |
|
100 |
|
|
Subsidiary |
Tres Coracoes, Minas Gerais |
Brazil |
Food Processing |
|
630 |
|
|
Subsidiary |
Singapore |
Singapore |
Metal Mining |
0.3 |
19 |
|
|
Subsidiary |
Apt |
France |
Commercial Banks |
|
14 |
|
|
Subsidiary |
Moscow |
Russian Federation |
Food Processing |
12.0 |
8 |
|
|
Subsidiary |
Mozzo, Bergamo |
Italy |
Business Services |
1.1 |
5 |
|
|
Subsidiary |
Mozzo, Bergamo |
Italy |
Food Processing |
88.8 |
225 |
|
|
Subsidiary |
Kleinheubach, Bayern |
Germany |
Food Processing |
|
2 |
|
|
Subsidiary |
Kleinheubach, Bayern |
Germany |
Food Processing |
90.0 |
178 |
|
|
Subsidiary |
Kleinheubach, Bayern |
Germany |
Biotechnology and Drugs |
1.3 |
10 |
|
|
Subsidiary |
Carrigaline |
Ireland |
Chemical Manufacturing |
|
100 |
|
|
Subsidiary |
Craigavon |
United Kingdom |
Food Processing |
12.2 |
84 |
|
|
UK Branch/Trading address |
Londonderry |
United Kingdom |
Food Processing |
12.2 |
231 |
|
|
Subsidiary |
Dublin |
Ireland |
Public Sector and Government |
|
80 |
|
|
Subsidiary |
Craigavon |
United Kingdom |
Food Processing |
52.9 |
71 |
|
|
Subsidiary |
Teterboro, NJ |
United States |
Food Processing |
|
70 |
|
|
Division |
Plant City, FL |
United States |
Food Processing |
11.3 |
125 |
|
|
Division |
Lakeland, FL |
United States |
Beverages (Non-Alcoholic) |
11.9 |
75 |
|
|
Division |
Commerce, CA |
United States |
Beverages (Non-Alcoholic) |
|
75 |
|
|
Division |
Clark, NJ |
United States |
Retail (Grocery) |
|
15 |
|
|
Subsidiary |
Villeneuve d'Ascq |
France |
Food Processing |
101.9 |
65 |
|
|
Subsidiary |
Glasgow |
United Kingdom |
Food Processing |
|
50 |
|
|
Subsidiary |
Peterborough |
United Kingdom |
Food Processing |
|
50 |
|
|
Subsidiary |
Limerick |
Ireland |
Food Processing |
|
49 |
|
|
Subsidiary |
Mandaue |
Philippines |
Chemical Manufacturing |
|
45 |
|
|
Subsidiary |
Peterborough |
United Kingdom |
Food Processing |
|
35 |
|
|
Subsidiary |
Newton Aycliffe |
United Kingdom |
Food Processing |
|
25 |
|
|
Subsidiary |
Brno |
Czech Republic |
Food Processing |
|
20 |
|
|
Subsidiary |
Killarney |
Ireland |
Chemical Manufacturing |
|
20 |
|
|
Subsidiary |
Torokbalint |
Hungary |
Food Processing |
|
16 |
|
|
Subsidiary |
Burnley |
United Kingdom |
Food Processing |
7.5 |
13 |
|
|
Subsidiary |
Tralee |
Ireland |
Consumer Financial Services |
92.2 |
5 |
|
|
Subsidiary |
Commerce, CA |
United States |
Food Processing |
3.4 |
4 |
|
|
Subsidiary |
Co Monaghan |
Ireland |
Food Processing |
119.3 |
|
|
|
Subsidiary |
Singapore |
Singapore |
Biotechnology and Drugs |
1.0 |
|
|
|
Subsidiary |
Tralee |
Ireland |
Investment Services |
|
|
|
|
Subsidiary |
Tralee |
Ireland |
Business Services |
|
|
|
|
Subsidiary |
Tralee |
Ireland |
Business Services |
|
|
|
|
Subsidiary |
Tralee |
Ireland |
Food Processing |
|
|
|
|
Subsidiary |
Tralee |
Ireland |
Insurance (Accident and Health) |
|
|
|
|
Subsidiary |
Listowel |
Ireland |
Food Processing |
|
|
|
|
Subsidiary |
Newington, NSW |
Australia |
Food Processing |
273.6 |
602 |
|
|
Subsidiary |
Goussainville Cedex |
France |
Food Processing |
75.0 |
250 |
|
|
Subsidiary |
Samut Prakan |
Thailand |
Food Processing |
|
|
|
|
Subsidiary |
Tralee |
Ireland |
Food Processing |
|
|
|
|
Subsidiary |
Tralee |
Ireland |
|
|
|
|
|
Subsidiary |
Tralee |
Ireland |
|
|
|
|
|
Subsidiary |
|
Ireland |
Construction Services |
|
|
|
|
Subsidiary |
Tralee |
Ireland |
Food Processing |
|
|
|
|
Subsidiary |
Tralee |
Ireland |
Food Processing |
|
|
|
|
Subsidiary |
Bristol |
United Kingdom |
Food Processing |
|
|
|
|
Subsidiary |
Tralee |
Ireland |
Retail (Grocery) |
|
|
|
|
Subsidiary |
Wisbech |
United Kingdom |
Food Processing |
|
|
|
|
Subsidiary |
Southall |
United Kingdom |
Food Processing |
|
|
|
|
Subsidiary |
Hangzhou, Zhejiang |
China |
Chemical Manufacturing |
|
|
|
|
Subsidiary |
Kempton Park, Gauteng |
South Africa |
Chemical Manufacturing |
|
|
|
|
Subsidiary |
Rodgau |
Germany |
Food Processing |
|
|
|
|
Subsidiary |
Charleville |
Ireland |
Food Processing |
|
|
|
|
Subsidiary |
Mitchellstown, Cork |
Ireland |
|
|
|
|
|
Subsidiary |
Kiev |
Ukraine |
Food Processing |
|
|
|
|
|
|
|
|
|
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 |
|
|
|
|
|
|
Total income |
104.4 |
122.2 |
148.3 |
|
Net sales |
98.0 |
117.5 |
142.1 |
|
Change in stock |
-0.3 |
6.4 |
0.4 |
|
Unfinished work in progress |
0.2 |
-2.2 |
-1.0 |
|
Subsidies for operating costs |
0.2 |
0.4 |
0.3 |
|
Supplementary operating income |
5.9 |
6.3 |
6.8 |
|
Other operating income |
0.0 |
0.2 |
0.2 |
|
Other external charges |
25.4 |
28.7 |
31.9 |
|
Cost of goods sold |
54.3 |
58.9 |
78.5 |
|
Taxes and social security costs |
2.5 |
2.7 |
3.1 |
|
Social charges |
5.3 |
7.2 |
8.3 |
|
Total payroll costs |
12.2 |
17.0 |
21.2 |
|
Cost of stock depreciation and amortisation |
2.0 |
4.2 |
3.5 |
|
Fixed asset depreciation and amortisation |
3.9 |
4.2 |
6.0 |
|
Other operating costs |
0.1 |
0.3 |
0.0 |
|
Total operating costs |
105.4 |
129.7 |
152.8 |
|
Net operating income |
-0.9 |
-7.4 |
-4.5 |
|
Total financial income |
0.4 |
0.5 |
1.9 |
|
Interest payable on loans |
0.3 |
1.3 |
6.7 |
|
Other expenses |
0.3 |
0.3 |
0.6 |
|
Total expenses |
0.6 |
1.6 |
7.3 |
|
Profit before tax |
-1.2 |
-8.5 |
-9.9 |
|
Extraordinary income |
9.9 |
7.7 |
0.5 |
|
Extraordinary expenses |
9.3 |
22.3 |
9.7 |
|
Extraordinary result |
0.6 |
-14.5 |
-9.2 |
|
Net loss |
0.6 |
23.1 |
19.0 |
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 |
|
|
|
|
|
|
Issued capital |
52.0 |
55.6 |
53.9 |
|
Profits for the year |
-0.6 |
-23.8 |
-18.1 |
|
Profit brought forward from previous year(s) |
-39.8 |
-18.7 |
0.0 |
|
Capital subsidies and grants |
1.6 |
1.9 |
2.2 |
|
Total stockholders equity |
13.2 |
15.0 |
37.9 |
|
Provisions and allowances |
2.5 |
13.2 |
2.0 |
|
Trade creditors |
15.8 |
16.9 |
15.3 |
|
Bank loans and overdrafts |
4.1 |
0.0 |
2.7 |
|
Current bank debts |
4.1 |
0.0 |
2.7 |
|
Other loans |
89.9 |
88.5 |
86.1 |
|
Other liabilities |
2.0 |
2.4 |
2.3 |
|
Debts on fixed assets |
0.7 |
0.7 |
0.7 |
|
Income stated in advance |
0.4 |
0.3 |
0.1 |
|
Taxation and social security |
6.3 |
7.7 |
8.5 |
|
Total current liabilities |
43.7 |
46.5 |
44.5 |
|
Total debts |
119.2 |
116.5 |
115.7 |
|
Regularisation account |
0.0 |
0.0 |
0.0 |
|
Total liabilities (including net worth) |
134.9 |
144.7 |
155.7 |
|
Patents |
0.5 |
0.6 |
0.6 |
|
Goodwill |
0.3 |
0.4 |
0.4 |
|
Land |
1.8 |
1.9 |
1.9 |
|
Buildings |
9.3 |
10.4 |
10.5 |
|
Other fixed assets |
11.8 |
13.3 |
13.3 |
|
Long-term investments |
57.6 |
61.6 |
59.7 |
|
Other financial assets |
1.4 |
1.4 |
1.4 |
|
Total non-current assets |
82.8 |
89.7 |
87.8 |
|
Prepayments |
0.7 |
0.2 |
0.4 |
|
Net stocks and work in progress |
32.2 |
31.8 |
40.6 |
|
Trade debtors |
16.4 |
16.7 |
23.3 |
|
Other receivables |
2.3 |
3.5 |
3.1 |
|
Prepaid expenses |
0.4 |
0.3 |
0.2 |
|
Cash and liquid assets |
0.2 |
2.5 |
0.2 |
|
Total current assets |
52.2 |
55.0 |
67.8 |
|
Prepaid expenses and deferred costs |
0.0 |
0.0 |
0.1 |
|
Total assets |
134.9 |
144.7 |
155.7 |
|
|
|
Annual Ratios |
|
Financials in: USD (mil) |
|
|
31-Dec-2010 |
31-Dec-2009 |
31-Dec-2008 |
|
Period Length |
12 Months |
12 Months |
12 Months |
|
Filed Currency |
EUR |
EUR |
EUR |
|
Exchange Rate |
0.745406 |
0.696986 |
0.719399 |
|
Consolidated |
No |
No |
No |
|
|
|
|
|
|
Current ratio |
1.20 |
1.20 |
1.50 |
|
Quick ratio |
0.50 |
0.50 |
0.60 |
|
Total liabilities to net worth |
9.58% |
8.31% |
3.15% |
|
Net worth to total assets |
0.09% |
0.10% |
0.24% |
|
Collection period |
50.10 |
41.80 |
52.40 |
|
Stock turnover rate |
3.10 |
3.80 |
3.30 |
|
Asset turnover |
0.74% |
0.84% |
0.87% |
|
Profit margin |
-0.01% |
-0.07% |
-0.07% |
|
Return on assets |
-0.01% |
-0.06% |
-0.06% |
|
Shareholders' return |
-0.10% |
-0.63% |
-0.26% |
|
Sales per employee |
1,407.59 |
1,251.18 |
1,229.96 |
|
Profit per employee |
-16.95 |
-90.98 |
-85.53 |
|
Average wage per employee |
175.24 |
181.36 |
183.39 |
|
Net worth |
13.2 |
15.0 |
37.9 |
|
Number of employees |
345 |
443 |
518 |
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.54.25 |
|
|
1 |
Rs.88.14 |
|
Euro |
1 |
Rs.71.03 |
INFORMATION DETAILS
|
Report Prepared
by : |
PDT |
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.