|
Report Date : |
28.08.2013 |
IDENTIFICATION DETAILS
|
Name : |
SOP INTERNATIONAL LTD. |
|
|
|
|
Registered Office : |
Orland House Mead Lane Hertford, SG13 7AT |
|
|
|
|
Country : |
United Kingdom |
|
|
|
|
Financials (as on) : |
29.06.2012 |
|
|
|
|
Date of Incorporation : |
21.11.1984 |
|
|
|
|
Com. Reg. No.: |
01865316 |
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|
Legal Form : |
Private Parent |
|
|
|
|
Line of Business : |
Manufacture of vegetable and animal oils and fats |
|
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|
|
No. of Employees : |
31 |
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 : |
Slow but correct |
|
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
Sop International
Ltd.
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Business
Description
|
Established in 1971, Southern Oil Products original business was
confined to packing and processing Edible Oil Products from premises in
Runcorn (Cheshire). Their Khanum and Khyber brands of Ghee quickly
established a reputation for quality and became dominant in the Asian market
whilst S.O.P. Vegetable Oils were readily accepted in both the Asian and
Oriental Catering Trade. Whilst the business was successful, the opportunity
for expansion into Oriental and Asian Foods was realised and, in 2002, Lesley
Campbell joined the company as Managing Director. Lesley was previously
Buying Director of B.E. International Foods Ltd, the largest importer and
distributor of Asian and Oriental Foods in the U.K. and had been with them
for over twenty years. She brought a wealth of experience and contacts to the
company and very quickly put together a team of highly experienced and
professional people, many of whom had worked with her for many years. In
order to more clearly represent its future development the company changed
its name in 2002 to S.O.P. International Limited. The company has recently
moved to new offices and warehouse complex and with these larger premises, an
experienced, energetic and committed team together with the support and
financial backing of the founding family of B.E. International Foods Ltd, it
is set for rapid but planned expansion. |
Industry
|
Industry |
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ANZSIC 2006: |
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ISIC Rev 4: |
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NACE Rev 2: |
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NAICS 2012: |
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UK SIC 2007: |
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US SIC 1987: |
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Key Executives
|
Financial
Summary
|
||||||||||||||||||||||
1 - Profit & Loss
Item Exchange Rate: USD 1 = GBP 0.6312953
2 - Balance Sheet Item Exchange Rate: USD 1 = GBP 0.6452901
|
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Sop International
Ltd. |
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|
Company Name |
Company Type |
Location |
Country |
Industry |
Sales |
Employees |
|
Parent |
Hertford |
United Kingdom |
Food Manufacturing |
46.7 |
31 |
|
|
UK Branch/Trading address |
Cheshire |
United Kingdom |
Miscellaneous Wholesale |
46.7 |
25 |
|
|
Subsidiary |
Hertford |
United Kingdom |
|
|
|
|
|
UK Branch/Trading address |
Runcorn |
United Kingdom |
Food Manufacturing |
|
15 |
|
|
UK Branch/Trading address |
Runcorn |
United Kingdom |
|
|
|
Executives
Report
|
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Annual Return Date: 12 Aug 2012
Total Issued Capital (GBP 000): 100
|
Individual Directors |
|||||||
|
|
|||||||
|
Name |
Status |
DOB |
Filed Address |
Appointment Date |
Resignation Date |
Summary of Directorships |
|
|
Current |
30 May 1950 |
Hamels Lodge Hamels Park, |
31 Aug 2001 |
NA |
Current:3 |
|
|
|
Current |
06 Apr 1958 |
Woodlands 4 Hill Head House Wheelwright Drive, |
27 Nov 1996 |
NA |
Current:2 |
|
|
|
Current |
18 May 1977 |
29A Ennismore Mews, |
01 Jul 2008 |
NA |
Current:1 |
|
|
|
Current |
04 Nov 1964 |
18 Knights Close, |
06 Jul 2009 |
NA |
Current:1 |
|
|
|
Previous |
02 Feb 1937 |
4 Royal Oak Close, Chipping, |
14 Aug 1992 |
24 Feb 1995 |
Current:0 |
|
|
|
Previous |
01 Apr 1936 |
61 Cheviot Gardens, |
27 Nov 1996 |
31 Aug 2001 |
Current:0 |
|
|
|
Previous |
19 Oct 1940 |
2 Georgian Way, Harrow On The Hill, |
14 Aug 1992 |
27 Nov 1996 |
Current:17 |
|
|
|
Previous |
05 Nov 1944 |
Southbridge Way, The Green, |
14 Aug 1992 |
27 Nov 1996 |
Current:0 |
|
|
|
Previous |
14 Mar 1937 |
Northaw Place Coopers Lane, Northaw, |
14 Aug 1992 |
27 Nov 1996 |
Current:0 |
|
|
|
Previous |
03 Feb 1938 |
6 Ingleby Drive, Harrow On The Hill, |
14 Aug 1992 |
27 Nov 1996 |
Current:11 |
|
|
|
|
|
||||||
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|
||||||
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|
|
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|
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 |
Orland House Mead Lane, |
30 May 2013 |
NA |
Current:1 |
|
|
|
Previous |
26 May 1940 |
Bridge House Desborough Road, Braybrooke, |
23 Apr 1996 |
27 Nov 1996 |
Current:0 |
|
|
|
Previous |
02 Dec 1952 |
Redwood House Burkitt Road, Earlstrees Industrial Estate, |
14 Aug 1992 |
27 Nov 1996 |
Current:0 |
|
|
|
Previous |
09 May 1948 |
123 The Lindens, |
06 Jul 2009 |
30 May 2013 |
Current:0 |
|
|
|
Previous |
NA |
4 Bis Church Street, |
27 Nov 1996 |
31 Dec 2002 |
Current:0 |
|
|
|
Previous |
06 Apr 1958 |
Woodlands 4 Hill Head House Wheelwright Drive, |
01 Sep 2002 |
06 Jul 2009 |
Current:2 |
|
|
|
|
|
||||||
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|
||||||
|
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|
|
|
|
|
|
Corporate Secretaries |
|
|
|
There are no corporate secretaries for this company. |
|
|
|
Individual Shareholders |
||||||
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|
||||||
|
Name |
Share Details |
Share Type |
# of Shares |
Share Price (GBP) |
Share Value (GBP) |
% of Total Shares |
|
Arco International Group Ltd |
28500 Ordinary GBP 1.00 |
Ordinary |
28,500 |
1.00 |
28,500.00 |
28.50 |
|
Hartford Investment Group Ltd |
28500 Ordinary GBP 1.00 |
Ordinary |
28,500 |
1.00 |
28,500.00 |
28.50 |
|
Lesley Campbell |
10000 Ordinary GBP 1.00 |
Ordinary |
10,000 |
1.00 |
10,000.00 |
10.00 |
|
Lynross Investments Ltd |
28000 Ordinary GBP 1.00 |
Ordinary |
28,000 |
1.00 |
28,000.00 |
28.00 |
|
Shabir Patel |
5000 Ordinary GBP 1.00 |
Ordinary |
5,000 |
1.00 |
5,000.00 |
5.00 |
|
|
|
|
|
|
|
|
|
Corporate Shareholders |
|
|
|
There are no corporate shareholders for this company. |
|
|
|
Financials in: USD (mil) |
|
|
Except for share items (millions) and per
share items (actual units) |
|
|
|
|
|
|
|
29-Jun-2012 |
01-Jul-2011 |
02-Jul-2010 |
03-Jul-2009 |
27-Jun-2008 |
|
Period Length |
52 Weeks |
52 Weeks |
52 Weeks |
53 Weeks |
52 Weeks |
|
Filed Currency |
GBP |
GBP |
GBP |
GBP |
GBP |
|
Exchange Rate
(Period Average) |
0.631295 |
0.628982 |
0.633897 |
0.628305 |
0.499192 |
|
Consolidated |
Yes |
Yes |
Yes |
Yes |
Yes |
|
|
|
|
|
|
|
|
Turnover (UK) |
38.3 |
39.2 |
33.0 |
31.9 |
35.0 |
|
Turnover (Exports) |
8.4 |
8.1 |
6.4 |
6.3 |
7.2 |
|
Total Turnover |
46.7 |
47.3 |
39.4 |
38.2 |
42.3 |
|
Cost of Sales |
40.7 |
40.8 |
34.2 |
33.2 |
36.2 |
|
Gross Profit |
6.0 |
6.5 |
5.2 |
4.9 |
6.1 |
|
Depreciation |
0.0 |
0.0 |
0.0 |
0.0 |
0.1 |
|
Other Expenses |
4.4 |
4.7 |
4.4 |
3.7 |
4.6 |
|
Other Income |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
|
Interest Paid |
0.1 |
0.2 |
0.1 |
0.1 |
0.3 |
|
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 |
1.4 |
1.7 |
0.7 |
1.1 |
1.3 |
|
Tax Payable / Credit |
0.4 |
0.5 |
0.2 |
0.3 |
0.4 |
|
Extraordinary Items/Debits |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
|
Dividends |
0.2 |
0.2 |
0.2 |
0.2 |
0.0 |
|
Profit After Taxes |
0.8 |
1.0 |
0.4 |
0.7 |
0.9 |
|
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 |
|
Number of Employees |
31 |
30 |
34 |
30 |
27 |
|
Wages |
1.8 |
1.8 |
1.7 |
1.6 |
1.7 |
|
Social Security Costs |
0.2 |
0.2 |
0.2 |
0.2 |
0.2 |
|
Other Pension Costs |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
|
Employees Remuneration |
2.0 |
2.0 |
1.9 |
1.7 |
1.9 |
|
Directors Remuneration |
0.7 |
0.6 |
0.6 |
0.4 |
0.4 |
|
Highest Paid Director |
0.2 |
0.2 |
0.2 |
0.2 |
0.3 |
|
|
|
Annual Balance
Sheet |
|
Financials in:
USD (mil) |
|
|
29-Jun-2012 |
01-Jul-2011 |
02-Jul-2010 |
03-Jul-2009 |
27-Jun-2008 |
|
Filed Currency |
GBP |
GBP |
GBP |
GBP |
GBP |
|
Exchange Rate |
0.64529 |
0.623208 |
0.658393 |
0.611845 |
0.502121 |
|
Consolidated |
Yes |
Yes |
Yes |
Yes |
Yes |
|
|
|
|
|
|
|
|
Land & Buildings |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
|
Fixtures & Fittings |
0.1 |
0.0 |
0.0 |
0.0 |
0.1 |
|
Plant & Vehicles |
0.1 |
0.2 |
0.2 |
0.2 |
0.3 |
|
Total Tangible Fixed Assets |
0.2 |
0.2 |
0.2 |
0.2 |
0.4 |
|
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 |
0.2 |
0.2 |
0.2 |
0.2 |
0.4 |
|
Stocks |
5.0 |
4.3 |
3.5 |
3.2 |
3.5 |
|
Work in Progress |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
|
Total Stocks Work In Progress |
5.0 |
4.3 |
3.5 |
3.2 |
3.5 |
|
Trade Debtors |
7.3 |
8.6 |
7.2 |
8.2 |
8.4 |
|
Inter-Company Debtors |
- |
- |
- |
0.0 |
- |
|
Director Loans |
- |
- |
- |
0.0 |
- |
|
Other Debtors |
0.5 |
0.4 |
0.3 |
0.4 |
0.6 |
|
Total Debtors |
7.8 |
9.0 |
7.5 |
8.5 |
9.0 |
|
Cash and Equivalents |
0.3 |
0.8 |
0.9 |
0.1 |
0.8 |
|
Other Current Assets |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
|
Total Current Assets |
13.1 |
14.1 |
11.9 |
11.9 |
13.3 |
|
Total Assets |
13.3 |
14.3 |
12.1 |
12.1 |
13.6 |
|
Trade Creditors |
2.7 |
3.9 |
2.9 |
3.0 |
3.5 |
|
Bank Overdraft |
2.2 |
- |
- |
- |
- |
|
Inter-Company Creditors |
0.4 |
0.0 |
0.0 |
0.0 |
0.0 |
|
Hire Purchase (Current Liability) |
0.0 |
0.0 |
0.0 |
0.0 |
0.1 |
|
Finance Lease (Current Liability) |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
|
Total Finance Lease/Hire Purchase (Current Liability) |
0.0 |
0.0 |
0.0 |
0.0 |
0.1 |
|
Total Short Term Loans |
- |
2.8 |
3.6 |
3.2 |
3.9 |
|
Accruals/Deferred Income (Current Liability) |
0.8 |
0.4 |
0.2 |
0.4 |
0.4 |
|
Social Security/VAT |
0.1 |
0.1 |
0.1 |
0.1 |
0.1 |
|
Corporation Tax |
0.4 |
0.5 |
0.2 |
0.3 |
0.4 |
|
Dividends (Current Liability) |
0.2 |
0.3 |
0.2 |
0.2 |
- |
|
Other Current Liabilities |
0.1 |
0.5 |
0.5 |
0.5 |
0.8 |
|
Total Current Liabilities |
6.9 |
8.5 |
7.6 |
7.6 |
9.0 |
|
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 |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
|
Other Provisions |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
|
Total Provisions |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
|
Issued Capital |
0.2 |
0.2 |
0.2 |
0.2 |
0.2 |
|
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 |
6.2 |
5.6 |
4.4 |
4.3 |
4.4 |
|
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 |
6.4 |
5.8 |
4.5 |
4.5 |
4.6 |
|
Net Worth |
6.4 |
5.8 |
4.5 |
4.5 |
4.6 |
|
|
|
Annual Cash
Flows |
|
Financials in:
USD (mil) |
|
|
29-Jun-2012 |
01-Jul-2011 |
02-Jul-2010 |
03-Jul-2009 |
27-Jun-2008 |
|
Period Length |
52 Weeks |
52 Weeks |
52 Weeks |
53 Weeks |
52 Weeks |
|
Filed Currency |
GBP |
GBP |
GBP |
GBP |
GBP |
|
Exchange Rate
(Period Average) |
0.631295 |
0.628982 |
0.633897 |
0.628305 |
0.499192 |
|
Consolidated |
Yes |
Yes |
Yes |
Yes |
Yes |
|
|
|
|
|
|
|
|
Net Cash Flow From Operating Activities |
1.0 |
1.3 |
0.7 |
-0.1 |
0.1 |
|
Net Cash Flow from ROI and Servicing of Finance |
-0.1 |
-0.2 |
-0.1 |
-0.1 |
-0.3 |
|
Taxation |
-0.5 |
-0.2 |
-0.3 |
-0.3 |
-0.1 |
|
Capital Expenditures |
-0.1 |
-0.1 |
0.0 |
0.0 |
0.0 |
|
Acquisitions and Disposals |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
|
Paid Up Equity |
-0.3 |
-0.1 |
-0.2 |
0.0 |
0.0 |
|
Management of Liquid Resources |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
|
Net Cash Flow From Financing |
-0.5 |
-1.0 |
0.2 |
0.0 |
0.5 |
|
Increase in Cash |
-0.5 |
-0.1 |
0.3 |
-0.5 |
0.2 |
|
|
|
Annual Ratios |
|
Financials in:
USD (mil) |
|
|
29-Jun-2012 |
01-Jul-2011 |
02-Jul-2010 |
03-Jul-2009 |
27-Jun-2008 |
|
Period Length |
52 Weeks |
52 Weeks |
52 Weeks |
53 Weeks |
52 Weeks |
|
Filed Currency |
GBP |
GBP |
GBP |
GBP |
GBP |
|
Exchange Rate |
0.64529 |
0.623208 |
0.658393 |
0.611845 |
0.502121 |
|
Consolidated |
Yes |
Yes |
Yes |
Yes |
Yes |
|
|
|
|
|
|
|
|
Current Ratio |
1.90 |
1.66 |
1.57 |
1.56 |
1.48 |
|
Liquidity Ratio |
1.18 |
1.16 |
1.10 |
1.14 |
1.09 |
|
Stock Turnover |
9.22 |
11.20 |
10.69 |
12.02 |
11.89 |
|
Credit Period (Days) |
58.17 |
65.74 |
69.29 |
77.45 |
72.84 |
|
Working Capital by Sales |
13.55% |
11.69% |
11.45% |
11.14% |
10.25% |
|
Trade Credit by Debtors |
0.37 |
0.46 |
0.40 |
0.36 |
0.41 |
|
Return on Capital |
22.01% |
29.10% |
14.55% |
25.12% |
27.36% |
|
Return on Assets |
10.61% |
11.81% |
5.44% |
9.35% |
9.38% |
|
Profit Margin |
3.08% |
3.53% |
1.74% |
2.94% |
3.05% |
|
Return on Shareholders Funds |
22.06% |
29.28% |
14.61% |
25.20% |
27.59% |
|
Borrowing Ratio |
41.18% |
49.61% |
80.10% |
71.69% |
85.14% |
|
Equity Gearing |
48.09% |
40.34% |
37.21% |
37.10% |
33.99% |
|
Debt Gearing |
0.22% |
0.61% |
0.42% |
0.22% |
0.69% |
|
Interest Coverage |
10.05 |
10.61 |
4.78 |
9.28 |
4.53 |
|
Sales by Tangible Assets |
218.70 |
230.98 |
200.13 |
179.70 |
113.11 |
|
Average Remuneration per Employee |
0.1 |
0.1 |
0.1 |
0.1 |
0.1 |
|
Profit per Employee |
0.0 |
0.1 |
0.0 |
0.0 |
0.0 |
|
Sales per Employee |
1.5 |
1.6 |
1.1 |
1.3 |
1.6 |
|
Capital Employed per Employee |
0.2 |
0.2 |
0.1 |
0.1 |
0.2 |
|
Tangible Assets per Employee |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
|
Total Assets per Employee |
0.4 |
0.5 |
0.4 |
0.4 |
0.5 |
|
Employee Remuneration by Sales |
4.23% |
4.29% |
4.88% |
4.47% |
4.56% |
|
Creditor Days (Cost of Sales Based) |
24.96 |
34.96 |
32.25 |
32.22 |
35.03 |
|
Creditor Days (Sales Based) |
21.77 |
30.17 |
28.01 |
28.05 |
29.98 |
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.65.66 |
|
|
1 |
Rs.102.19 |
|
Euro |
1 |
Rs.87.74 |
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.