|
Report Date : |
26.04.2013 |
IDENTIFICATION DETAILS
|
Name : |
Thor Specialities (UK) Ltd. |
|
|
|
|
Registered Office : |
Wincham Avenue, Northwich, CW9 6GB, |
|
|
|
|
Country : |
United Kingdom |
|
|
|
|
Financials (as on) : |
31.12.2011 |
|
|
|
|
Date of Incorporation : |
14.10.1983 |
|
|
|
|
Com. Reg. No.: |
01761700 |
|
|
|
|
Legal Form : |
Private Subsidiary |
|
|
|
|
Line of Business : |
Manufacturer and Supplier of Biocides, Flame Retardants, Personal Care
Ingredients and Speciality Chemicals. |
|
|
|
|
No. of Employees : |
81 |
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 |
|
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 – March 31st, 2013
|
Country Name |
Previous Rating (31.12.2012) |
Current Rating (31.03.2013) |
|
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
second largest economy in Europe after Germany. 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 aimed 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 21% by 2014. The Bank of England (BoE) implemented an
asset purchase program of up to £375 billion (approximately $605 billion) as of
December 2012. 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). In 2012, weak consumer spending and
subdued business investment weighed on the economy. GDP fell 0.1%, and the
budget deficit remained stubbornly high at 7.7% of GDP. Public debt continued
to increase.
Source
: CIA
Thor Specialities
(UK) Ltd.
|
Wincham Avenue |
|
|
|
|
|
Wincham |
|
|
Northwich, CW9 6GB |
|
|
United Kingdom |
|
|
(Trading Address) |
|
|
|
|
|
Tel: |
01606818800 |
|
Fax: |
01606818801 |
|
Employees: |
81 |
|
Company Type: |
Private Subsidiary |
|
Corporate Family: |
9 Companies |
|
Ultimate Parent: |
Tato Holdings Ltd. |
|
|
|
|
Quoted Status: |
Non-quoted Company |
|
Incorporation Date: |
14-Oct-1983 |
|
Auditor: |
Mazars LLP |
|
Financials in: |
USD (Mil) |
|
Fiscal Year End: |
31-Dec-2011 |
|
Reporting Currency: |
British Pound Sterling |
|
Annual Sales: |
58.0 1 |
|
Net Income: |
1.6 |
|
Total Assets: |
48.4 |
Thor Specialities (UK) Ltd. is a multinational manufacturer and supplier
of biocides, flame retardants, personal care ingredients and speciality
chemicals. The company serves clients in the cosmetics, plastics, building and
construction industries. It provides biocides for the protection of water and
fuel interfaces. The company offers flame-retardant biocides to protect
synthetic and natural fibres to the textile industry. It provides softening and
antistatic agents for hair rinses and conditioners. The company undertakes
various research and development projects. It provides technical support,
regulatory backup and registration assistance solutions. The company maintains
and operates in-house vitro toxicology laboratories. It provides products under
the ACTICIDE, AFLAMMIT and FLAMMENTIN brands.
|
Name |
Title |
|
Sarah Gibbons |
Secretary & PA |
|
John David Sykes |
Secretary |
|
Chris Priestley |
IT & Purchasing Manager |
|
Kenneth John Seal |
Technical Director |
|
David Alain Hewitt |
Director |
|
Title |
Date |
|
ANALYSIS: Antimicrobial
Selection and the Biocidal Products Regulation |
1-Aug-2012 |
|
USPTO
ISSUES TRADEMARK: AFLAMMIT |
27-Jul-2012 |
|
FYE: 31-Dec-2011 |
USD (mil) |
||||||||||||||||
|
|||||||||||||||||
Registered
No.(UK): 01761700
1 - Profit & Loss Item
Exchange Rate: USD 1 = GBP 0.623776
2 - Balance Sheet Item Exchange
Rate: USD 1 = GBP 0.6434593
Location
Wincham Avenue
Wincham
Northwich, CW9 6GB
Cheshire County
United Kingdom
|
|
Tel: 01606818800
Fax: 01606818801
|
Sales GBP(mil): |
36.2 |
|
Assets GBP(mil): |
31.2 |
|
Employees: |
81 |
|
Fiscal Year End: |
31-Dec-2011 |
|
Industry: |
Chemical Manufacturing |
Registered
Address:
Wincham Avenue
Wincham
Northwich, CW9 6GB
United Kingdom
|
Incorporation Date: |
14-Oct-1983 |
|
Company Type: |
Private
Subsidiary |
|
Quoted Status: |
Not Quoted |
|
Registered No.(UK): |
01761700 |
|
Director: |
David Alain
Hewitt |
|
|
||||||||||||||||||||||||||||||||||||
|
||||||||||||||||||||||||||||||||||||
|
|
|
Key Corporate Relationships
|
Auditor: |
Mazars LLP |
|
Bank: |
Lloyds Tsb Bank PLC |
|
|
|
|
Auditor: |
Mazars LLP |
|
|
|
|
Auditor History |
|
|
Mazars LLP |
31-Dec-2011 |
|
Mazars LLP |
31-Dec-2010 |
|
Mazars LLP |
31-Dec-2009 |
|
Mazars LLP |
31-Dec-2008 |
|
Mazars LLP |
31-Dec-2007 |
|
|
GBP(mil) |
|
Audit Fees: |
0.0 |
|
Non Audit Fees: |
0.0 |
|
Audit Fiscal Year: |
12-31-2011 |
Total Corporate Family Members: 9
|
Company
Name |
Company Type |
Location |
Country |
Industry |
Sales |
Employees |
|
Parent |
Canterbury |
United Kingdom |
Commercial Banks |
400.7 |
1,024 |
|
|
Subsidiary |
Speyer, Rheinland-Pfalz |
Germany |
Chemical Manufacturing |
211.8 |
430 |
|
|
Subsidiary |
Pedro Escobedo, Queretaro |
Mexico |
Chemical Manufacturing |
|
140 |
|
|
Subsidiary |
Northwich |
United Kingdom |
Chemical Manufacturing |
58.0 |
81 |
|
|
Subsidiary |
Castellgali, Barcelona |
Spain |
Chemical Manufacturing |
40.8 |
64 |
|
|
Subsidiary |
Durban, Kwazulu-Natal |
South Africa |
Chemical Manufacturing |
|
30 |
|
|
Subsidiary |
Barueri, Sao Paulo |
Brazil |
Chemical Manufacturing |
6.5 |
28 |
|
|
Subsidiary |
Margate |
United Kingdom |
Business Services |
4.1 |
25 |
|
|
Subsidiary |
Shah Alam, Selangor |
Malaysia |
Chemical Manufacturing |
13.0 |
|
|
|
|||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Individual Directors |
|||||||
|
|
|||||||
|
Name |
Status |
DOB |
Filed Address |
Appointment Date |
Resignation Date |
Summary of Directorships |
|
|
Current |
24 May 1960 |
4 Whitehaven
Road, Bramhall, |
18 Jul 1991 |
NA |
Current:2 |
|
|
|
Current |
16 Mar 1948 |
40 Clement Road,
Marple Bridge, |
01 Aug 1994 |
NA |
Current:1 |
|
|
|
Previous |
12 Jan 1937 |
7 Brambling
Close, Offerton, |
18 Jul 1991 |
01 Apr 1999 |
Current:0 |
|
|
|
Previous |
24 Mar 1941 |
36 Princes
Gardens, Cliftonville, |
25 Oct 1991 |
01 Feb 1996 |
Current:1 |
|
|
|
Previous |
24 Jul 1946 |
6 Glentress
Mews, Heaton, |
03 May 1994 |
30 Jun 2008 |
Current:0 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Corporate
Directors |
|
|
|
There are no corporate directors for this company. |
|
|
|
Individual
Secretaries |
|||||||
|
|
|||||||
|
Name |
Status |
DOB |
Filed Address |
Appointment Date |
Resignation Date |
Summary of Directorships |
|
|
Current |
NA |
20 Mere House,
Arbour Walk Helsby, |
15 Jul 2010 |
NA |
Current:1 |
|
|
|
Previous |
24 May 1960 |
4 Whitehaven
Road, Bramhall, |
18 Jul 1991 |
21 Feb 1996 |
Current:2 |
|
|
|
Previous |
NA |
51 Lanthorne
Road, |
21 Feb 1996 |
15 Jul 2010 |
Current:2 |
|
|
|
|
|
||||||
|
|
|
||||||
|
|
|
|
|
|
|
|
|
|
Corporate
Secretaries |
|
There are no corporate secretaries for this company. |
|
|
|
Individual
Shareholders |
||||||
|
There are no individual shareholders for this company. |
||||||
|
|
||||||
|
|
||||||
|
|
|
|
|
|
|
|
|
Corporate
Shareholders |
|||||||
|
|
|||||||
|
Company Name |
Registration Number |
Share Details |
Share Type |
# of Shares |
Share Price (GBP) |
Share Value (GBP) |
% of Total Shares |
|
Tato Holdings
Ltd |
03258156 |
14650000
Ordinary GBP 3.41 |
Ordinary |
14,650,000 |
3.41 |
49,956,500.00 |
100.00 |
|
|
|||||||
News
|
ANALYSIS: Antimicrobial Selection and the
Biocidal Products Regulation |
01-Aug-2012 |
|
USPTO ISSUES TRADEMARK: AFLAMMIT |
27-Jul-2012 |
|
Financials in: USD (mil) |
|
Except for share items (millions) and per
share items (actual units) |
|
|
31-Dec-2011 |
31-Dec-2010 |
31-Dec-2009 |
31-Dec-2008 |
31-Dec-2007 |
|
Period Length |
52 Weeks |
52 Weeks |
52 Weeks |
52 Weeks |
52 Weeks |
|
Filed Currency |
GBP |
GBP |
GBP |
GBP |
GBP |
|
Exchange Rate
(Period Average) |
0.623776 |
0.647573 |
0.641508 |
0.545576 |
0.499878 |
|
Consolidated |
No |
No |
No |
No |
No |
|
|
|
|
|
|
|
|
Turnover (UK) |
29.9 |
23.5 |
21.5 |
24.9 |
- |
|
Turnover (Exports) |
28.1 |
21.7 |
19.5 |
24.2 |
- |
|
Total Turnover |
58.0 |
45.2 |
41.0 |
49.1 |
46.7 |
|
Cost of Sales |
47.1 |
34.7 |
32.6 |
37.3 |
34.8 |
|
Gross Profit |
11.0 |
10.5 |
8.4 |
11.8 |
11.9 |
|
Depreciation |
2.1 |
1.9 |
1.9 |
2.2 |
1.8 |
|
Other Expenses |
8.9 |
8.1 |
7.4 |
9.3 |
9.1 |
|
Operating Profit |
- |
- |
- |
2.5 |
2.8 |
|
Other Income |
0.0 |
0.0 |
0.0 |
0.0 |
0.1 |
|
Interest Paid |
0.0 |
0.0 |
0.0 |
0.1 |
0.1 |
|
Exceptional Income |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
|
Discontinued Operations |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
|
Profit Before Taxes |
2.1 |
2.5 |
0.9 |
2.5 |
2.8 |
|
Tax Payable / Credit |
0.5 |
0.3 |
0.4 |
0.6 |
0.9 |
|
Extraordinary Items/Debits |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
|
Dividends |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
|
Profit After Taxes |
1.6 |
2.2 |
0.6 |
1.8 |
2.0 |
|
Minority Interests (Profit & Loss) |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
|
Audit Fees |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
|
Non Audit Fees |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
|
Number of Employees |
81 |
81 |
80 |
85 |
82 |
|
Wages |
4.3 |
4.1 |
3.9 |
4.8 |
4.6 |
|
Social Security Costs |
0.5 |
0.5 |
0.5 |
0.6 |
0.6 |
|
Pensions |
0.0 |
0.0 |
0.0 |
0.1 |
0.1 |
|
Other Pension Costs |
0.4 |
0.4 |
0.4 |
0.5 |
0.5 |
|
Employees Remuneration |
5.2 |
5.0 |
4.8 |
5.8 |
5.7 |
|
Directors Emoluments |
0.5 |
0.4 |
0.4 |
0.6 |
0.6 |
|
Other Costs |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
|
Directors Remuneration |
0.5 |
0.5 |
0.5 |
0.6 |
0.7 |
|
Highest Paid Director |
0.3 |
0.3 |
0.3 |
0.4 |
0.4 |
|
Financials in:
USD (mil) |
|
|
|
|
31-Dec-2011 |
31-Dec-2010 |
31-Dec-2009 |
31-Dec-2008 |
31-Dec-2007 |
|
Filed Currency |
GBP |
GBP |
GBP |
GBP |
GBP |
|
Exchange Rate |
0.643459 |
0.638712 |
0.619253 |
0.695531 |
0.502361 |
|
Consolidated |
No |
No |
No |
No |
No |
|
|
|
|
|
|
|
|
Land & Buildings |
14.8 |
15.0 |
15.1 |
13.2 |
22.0 |
|
Fixtures & Fittings |
0.2 |
0.2 |
0.1 |
0.1 |
0.3 |
|
Plant & Vehicles |
7.0 |
7.5 |
8.3 |
8.4 |
6.3 |
|
Total Tangible Fixed Assets |
22.0 |
22.6 |
23.5 |
21.7 |
28.6 |
|
Intangible Assets |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
|
Investments |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
|
Total Fixed Assets |
22.0 |
22.6 |
23.5 |
21.7 |
28.6 |
|
Stocks |
13.8 |
11.4 |
8.2 |
6.6 |
7.0 |
|
Work in Progress |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
|
Total Stocks Work In Progress |
13.8 |
11.4 |
8.2 |
6.6 |
7.0 |
|
Trade Debtors |
8.0 |
6.1 |
6.2 |
6.1 |
7.1 |
|
Inter-Company Debtors |
0.7 |
0.7 |
0.7 |
1.2 |
2.2 |
|
Other Debtors |
0.3 |
0.1 |
0.3 |
0.2 |
0.3 |
|
Total Debtors |
9.0 |
6.9 |
7.2 |
7.5 |
9.5 |
|
Cash and Equivalents |
3.7 |
4.1 |
1.6 |
0.5 |
0.3 |
|
Other Current Assets |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
|
Total Current Assets |
26.4 |
22.5 |
17.0 |
14.6 |
16.8 |
|
Total Assets |
48.4 |
45.1 |
40.5 |
36.3 |
45.3 |
|
Trade Creditors |
1.1 |
1.7 |
1.3 |
1.3 |
1.5 |
|
Bank Overdraft |
- |
- |
0.0 |
0.3 |
1.5 |
|
Inter-Company Creditors |
4.0 |
4.4 |
1.3 |
1.5 |
1.3 |
|
Accruals/Deferred Income (Current Liability) |
1.0 |
1.0 |
0.6 |
0.6 |
0.8 |
|
Social Security/VAT |
0.4 |
0.4 |
0.4 |
0.4 |
0.4 |
|
Corporation Tax |
0.1 |
0.2 |
0.0 |
0.0 |
0.2 |
|
Other Current Liabilities |
0.1 |
0.1 |
0.1 |
0.1 |
0.1 |
|
Total Current Liabilities |
6.7 |
7.7 |
3.7 |
4.1 |
5.8 |
|
Group Loans (Long Term Liability) |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
|
Director Loans (Long Term Liability) |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
|
Hire Purchase (Long Term Liability) |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
|
Leasing (Long Term Liability) |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
|
Total Hire Purchase Loans (Long Term Liability) |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
|
Other Long Term Loans |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
|
Accruals/Deferred Income (Long Term Liability) |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
|
Other Long Term Liabilities |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
|
Total Long Term Liabilities |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
|
Deferred Taxation |
1.4 |
1.6 |
2.1 |
1.9 |
2.6 |
|
Other Provisions |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
|
Total Provisions |
1.4 |
1.6 |
2.1 |
1.9 |
2.6 |
|
Issued Capital |
22.8 |
19.6 |
20.2 |
18.0 |
21.9 |
|
Share Premium Accounts |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
|
Revaluation Reserve |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
|
Retained Earnings |
17.6 |
16.2 |
14.4 |
12.3 |
15.1 |
|
Other Reserves |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
|
Minority Interests (Balance Sheet) |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
|
Total Shareholders Funds |
40.3 |
35.7 |
34.6 |
30.3 |
37.0 |
|
Net Worth |
40.3 |
35.7 |
34.6 |
30.3 |
37.0 |
|
Financials in:
USD (mil) |
|
|
31-Dec-2011 |
31-Dec-2010 |
31-Dec-2009 |
31-Dec-2008 |
31-Dec-2007 |
|
Period Length |
52 Weeks |
52 Weeks |
52 Weeks |
52 Weeks |
52 Weeks |
|
Filed Currency |
GBP |
GBP |
GBP |
GBP |
GBP |
|
Exchange Rate
(Period Average) |
0.623776 |
0.647573 |
0.641508 |
0.545576 |
0.499878 |
|
Consolidated |
No |
No |
No |
No |
No |
|
Financials in:
USD (mil) |
|
|
|
|
31-Dec-2011 |
31-Dec-2010 |
31-Dec-2009 |
31-Dec-2008 |
31-Dec-2007 |
|
Period Length |
52 Weeks |
52 Weeks |
52 Weeks |
52 Weeks |
52 Weeks |
|
Filed Currency |
GBP |
GBP |
GBP |
GBP |
GBP |
|
Exchange Rate |
0.643459 |
0.638712 |
0.619253 |
0.695531 |
0.502361 |
|
Consolidated |
No |
No |
No |
No |
No |
|
|
|
|
|
|
|
|
Current Ratio |
3.95 |
2.90 |
4.56 |
3.53 |
2.90 |
|
Liquidity Ratio |
1.89 |
1.43 |
2.35 |
1.95 |
1.70 |
|
Stock Turnover |
4.08 |
4.03 |
5.16 |
5.88 |
6.65 |
|
Credit Period (Days) |
52.14 |
48.77 |
53.61 |
58.02 |
55.72 |
|
Working Capital by Sales |
35.09% |
32.12% |
31.22% |
27.20% |
23.67% |
|
Trade Credit by Debtors |
0.13 |
0.28 |
0.21 |
0.21 |
0.21 |
|
Return on Capital |
4.77% |
6.66% |
2.60% |
5.99% |
7.10% |
|
Return on Assets |
4.11% |
5.51% |
2.36% |
5.31% |
6.19% |
|
Profit Margin |
3.54% |
5.42% |
2.24% |
5.00% |
6.04% |
|
Return on Shareholders Funds |
4.94% |
6.96% |
2.76% |
6.36% |
7.59% |
|
Borrowing Ratio |
9.84% |
12.22% |
3.80% |
5.93% |
7.71% |
|
Equity Gearing |
83.31% |
79.25% |
85.47% |
83.49% |
81.57% |
|
Interest Coverage |
83.81 |
142.39 |
114.44 |
46.35 |
40.15 |
|
Sales by Tangible Assets |
2.56 |
2.02 |
1.81 |
1.78 |
1.63 |
|
Average Remuneration per Employee |
0.1 |
0.1 |
0.1 |
0.1 |
0.1 |
|
Profit per Employee |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
|
Sales per Employee |
0.7 |
0.6 |
0.5 |
0.5 |
0.6 |
|
Capital Employed per Employee |
0.5 |
0.5 |
0.5 |
0.4 |
0.5 |
|
Tangible Assets per Employee |
0.3 |
0.3 |
0.3 |
0.3 |
0.3 |
|
Total Assets per Employee |
0.6 |
0.6 |
0.5 |
0.4 |
0.6 |
|
Employee Remuneration by Sales |
9.04% |
11.15% |
11.69% |
11.91% |
12.25% |
|
Creditor Days (Cost of Sales Based) |
8.60 |
17.93 |
14.28 |
16.25 |
15.37 |
|
Creditor Days (Sales Based) |
6.97 |
13.78 |
11.37 |
12.35 |
11.45 |
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.54.17 |
|
|
1 |
Rs.82.99 |
|
Euro |
1 |
Rs.70.62 |
INFORMATION DETAILS
|
Report
Prepared by : |
NIT |
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.