MIRA
INFORM REPORT
|
Report Date : |
23.12.2013 |
IDENTIFICATION DETAILS
|
Name : |
INDUMET SA |
|
|
|
|
Registered Office : |
Rue Winston-Churchill 139, 4020 Liège |
|
|
|
|
Country : |
Belgium |
|
|
|
|
Financials (as on) : |
31.08.2012 |
|
|
|
|
Date of Incorporation : |
12.09.1973 |
|
|
|
|
Com. Reg. No.: |
413539209 |
|
|
|
|
Legal Form : |
Public Limited Liability Company (BE) |
|
|
|
|
Line of Business : |
Wholesale of metals and metal ores |
|
|
|
|
No. of Employees : |
34 |
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) |
|
Belgium |
A1 |
A1 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
|
Moderate |
B1 |
|
High |
B2 |
|
Very High |
C1 |
|
Restricted |
C2 |
|
Off-credit |
D |
BELGIUM - ECONOMIC OVERVIEW
This modern, open, and private-enterprise-based economy has capitalized on its central geographic location, highly developed transport network, and diversified industrial and commercial base. Industry is concentrated mainly in the more heavily-populated region of Flanders in the north. With few natural resources, Belgium imports substantial quantities of raw materials and exports a large volume of manufactures, making its economy vulnerable to volatility in world markets. Roughly three-quarters of Belgium's trade is with other EU countries, and Belgium has benefited most from its proximity to Germany. In 2011 Belgian GDP grew by 1.8%, the unemployment rate decreased slightly to 7.2% from 8.3% the previous year, and the government reduced the budget deficit from a peak of 6% of GDP in 2009 to 4.2% in 2011 and 3.3% in 2012. Fourth quarter GDP growth in 2012 was at -0.1%, the third consecutive quarter of negative growth. This brought economic growth for the whole of 2012 to negative 0.2%. It also left Belgium on the brink of a possible recession at the end of 2012. However, at year's end, the government appeared close to meeting its 2012 budget deficit goal of 3% of GDP. Despite the relative improvement in Belgium's budget deficit, public debt hovers around 100% of GDP, a factor that has contributed to investor perceptions that the country is increasingly vulnerable to spillover from the euro-zone crisis. Belgian banks were severely affected by the international financial crisis in 2008 with three major banks receiving capital injections from the government, and the nationalization of the Belgian retail arm of a Franco-Belgian bank
|
Source : CIA |
REGISTERED NAME & COMPANY SUMMARY
|
Business
number |
413539209 |
|
Company
name |
INDUMET SA |
|
Address |
RUE WINSTON-CHURCHILL 139 |
|
|
4020 LIÈGE |
|
Number
of staff |
34 |
|
Date
of establishment |
12/09/1973 |
|
Telephone
number |
043401009 |
|
Fax
number |
043414034 |
|
Business
number |
413539209 |
Company
name |
INDUMET SA |
|
Fax number |
043414034 |
Date
founded |
12/09/1973 |
|
Company
status |
active |
Company
type |
Public Limited Liability Company (BE) |
|
Currency |
Euro (€) |
Date
of latest accounts |
31/08/2012 |
|
Activity
code |
46720 |
liable
for VAT |
yes |
|
Activity
description |
Wholesale of metals and metal ores |
VAT
Number |
BE.0413.539.209 |
|
Belgian
Bullettin of Acts Publications |
|
|
DIRECTORS/MANAGEMENT
Current director details
|
Name
|
|
|
Position
|
Director |
|
Start
Date |
02/08/2012 |
|
Date
of birth |
19/07/1966 |
|
Street
|
20 AVENUE BLONDEN LIÈGE |
|
Post
code |
4000 |
|
Country
|
Belgium |
|
|
|
|
Name
|
|
|
Position
|
Director |
|
Start
Date |
08/02/2013 |
|
Street
|
2 BOIS DE MICHEROUX SOUMAGNE |
|
Post
code |
4630 |
|
Country
|
Belgium |
|
|
|
|
Name
|
|
|
Position
|
Director |
|
Start
Date |
08/04/2013 |
|
End
Date |
08/02/2018 |
|
Street
|
19 VIA MARCONI |
|
Post
code |
47042 |
|
Country
|
Italy |
|
|
|
Former
director details
|
Name
|
|
|
Position
|
Managing Director |
|
Start
Date |
23/10/1997 |
|
End
Date |
- |
|
Date
of birth |
12/10/1948 |
|
Street
|
20 ARBESPINE JALHAY |
|
Post
code |
4845 |
|
Country
|
Belgium |
|
|
|
|
Name
|
|
|
Position
|
Director |
|
Start
Date |
30/06/2001 |
|
End
Date |
08/02/2013 |
|
Street
|
VIA ALLENDE |
|
Post
code |
47030 |
|
Country
|
Italy |
|
|
|
|
Name
|
|
|
Position
|
Managing Director |
|
Start
Date |
30/06/1997 |
|
End
Date |
08/02/2013 |
|
Street |
VIA ALLENDE |
|
Post
code |
47030 |
|
Country
|
Italy |
|
|
|
|
Name
|
|
|
Position
|
Director |
|
Start
Date |
30/06/2001 |
|
End
Date |
08/02/2013 |
|
Date
of birth |
23/11/1939 |
|
Street
|
|
|
Post
code |
|
|
Country
|
Switzerland |
|
|
|
|
Name
|
|
|
Position
|
Chairman of the Board |
|
Start
Date |
30/06/2001 |
|
End
Date |
08/02/2013 |
|
Date
of birth |
23/11/1939 |
|
Street
|
|
|
Post
code |
|
|
Country
|
Switzerland |
|
|
|
|
Name
|
|
|
Position
|
Director |
|
Start
Date |
06/12/2002 |
|
End
Date |
08/02/2013 |
|
Street
|
23 VIO BOLGIO |
|
Post
code |
6932 |
|
Country
|
|
NEGATIVE INFORMATION
|
Bankruptcy
details |
|
|
Court
action type |
no |
|
Protested
bills |
|
|
Bill
amount |
- |
|
NSSO
details |
|
|
Date
of summons |
- |
Contractor
details Check Article 30 Bis
|
Registered
contractor number |
- |
||
|
Contractor
description |
- |
||
|
Date
struck off register |
|
|
|
Personnel
(NSSO classification)
|
Code |
- |
|
Description |
- |
Joint
Industrial Committee (JIC)
|
JIC
Code |
149.04 |
|
Description |
Joint subcommittee for the trade in metals |
|
category |
|
|
JIC
Code |
218 |
|
Description |
Additional national joint committee for the employees |
|
category |
|
Significant
Events
|
Event
Date |
08/02/2013 |
|
Event
Description |
re-appointment of director(s) |
|
Event
Details |
Commentaire 08-02-2013: Renouvellement du mandat d'administrateur
pour une durée de six ans de Dumez Julien. |
Bankruptcy
details
|
|
|
|
There is no bankruptcy data against this company |
|
court
data
|
there is no data for this company |
SHARE & SHARE CAPITAL
INFORMATION
Minority Shareholders
|
No minority shareholders found |
Minority
Interests
|
No minority interests found |
PAYMENT INFORMATION
|
Past
payments |
|
Payment expectation days |
61.69 |
|
Industry average payment expectation days |
47.04 |
Industry average day sales outstanding |
68.85 |
|
Day
sales outstanding |
121.38 |
||
Industry
comparison
|
Activity code |
46720 |
|
Activity description |
Wholesale of metals and metal ores |
|
industry average credit rating |
69.32 |
|
Industry average credit limit |
193568.18 |
Payment Information Summary
|
Total number of Invoices available |
2 |
|
Total number of Invoices paid within or up to 30 days
after the due date |
0 |
|
Total number of Invoices paid more than 30 days after the
due date |
0 |
|
Total number of Invoices currently outstanding where the
due date has not yet been reached |
2 |
|
Total number of Invoices currently outstanding beyond the
due date |
0 |
Suspension
of payments / moratorium history
|
Amount |
- |
|
Details |
- |
Payment
expectations
|
Payment expectation days |
61.69 |
|
Day sales outstanding |
121.38 |
Industry
comparison
|
Activity code |
46720 |
|
Activity description |
Wholesale of metals and metal ores |
|
Industry average payment expectation days |
47.04 |
|
Industry average day sales outstanding |
68.85 |
Industry
quartile analysis
|
Payment expectations |
|
|
Company result |
61.69 |
|
Lower |
82.15 |
|
Median |
61.10 |
|
Upper |
34.43 |
|
Day sales outstanding |
|
|
Company result |
121.38 |
|
Lower |
59.87 |
|
Median |
34.24 |
|
Upper |
17.80 |
GROUP STRUCTURE & AFFILIATED
COMPANIES
|
Safe
number |
Company
name |
|
Company
Number |
View
linked companies from outside this company's group structure |
|
- |
- |
|
- |
No linked companies have been found. |
Summary
|
Group
- Number of Companies |
0 |
|
Linkages
- Number of Companies |
0 |
|
Number
of Countries |
0 |
Group
Structure
|
Click the company to view / order a report. |
|
No group structure for this company. |
Companies
that match this address
|
no Companies Match this address |
FINANCIAL INFORMATION
|
Date
of latest accounts |
Turnover |
Profit
Before Tax |
Net
worth |
Working
capital |
|
31/08/2012 |
18,508,729 |
284,972 |
5,892,163 |
4,214,889 |
|
31/12/2011 |
31,619,882 |
766,783 |
5,752,138 |
3,857,630 |
|
31/12/2010 |
28,898,636 |
1,522,776 |
4,662,696 |
3,833,654 |
Accounts
|
Date
of latest accounts |
Balance
Total |
Number
of Employees |
Capital |
Cashflow |
|
31/08/2012 |
16,138,143 |
34 |
2,000,000 |
619,507 |
|
31/12/2011 |
15,560,046 |
34 |
2,000,000 |
1,190,846 |
|
31/12/2010 |
14,879,428 |
31 |
2,000,000 |
1,676,443 |
Social
Balance Sheet Details
|
Social
Balance Sheet |
Total |
|
During
the reporting year |
|
|
Full-time
Employees |
31 |
|
Part-time
Employees |
5 |
|
Total
Fte Employees |
34 |
|
|
|
|
Number
of hours worked |
|
|
Full-time
Employees |
31,252 |
|
Part-time
Employees |
3,227 |
|
Total |
34,479 |
|
|
|
|
Personnel
Charges |
|
|
Full-time
Employees |
1,119,256 |
|
Part-time
Employees |
115,572 |
|
Total |
1,234,828 |
|
Benefits
In Addition To Wages |
33,633 |
|
|
|
|
During
the previous reporting year |
|
|
Average
number employees in Fte |
34 |
|
Actual
working hours |
50,080 |
|
Personnel
Charges |
1,807,646 |
|
Benefits
In Addition To Wages |
48,002 |
|
Type
of Contract |
Full-Time |
Part-Time |
Total
Fte |
|
Unlimited
Duration Contracts |
28 |
5 |
31 |
|
Limited
Duration Contracts |
3 |
- |
3 |
|
Contracts
For Specific Work |
- |
- |
- |
|
Contracts
Regarding Substitution |
- |
- |
- |
|
Gender
and Education Level |
|
|
|
|
Men |
Full-Time |
Part-Time |
Total
Fte |
|
Primary
education |
2 |
- |
2 |
|
Secondairy
education |
17 |
2 |
18 |
|
Higher
education (non university) |
5 |
- |
5 |
|
Higher
education (university) |
3 |
- |
3 |
|
Women |
Full-Time |
Part-Time |
Total
Fte |
|
Primary
education |
- |
- |
- |
|
Secondairy
education |
3 |
2 |
5 |
|
Higher
education (non university) |
1 |
1 |
2 |
|
Higher
education (university) |
- |
- |
- |
|
Working
Category |
Full-Time |
Part-Time |
Total
Fte |
|
Management |
- |
- |
- |
|
White
collar worker |
11 |
5 |
14 |
|
Blue
collar worker |
20 |
- |
20 |
|
Other |
- |
- |
- |
|
Temporary
personnel |
Total |
|
Average
number of temporary staff |
5 |
|
Actual
working hours |
6,116 |
|
Cost
of temporary staff |
158,747 |
|
New
staff and leavers |
Full-Time |
Part-Time |
Total
Fte |
|
New
Starters |
- |
- |
- |
|
Leavers |
- |
- |
- |
|
Total
of formal continuing vocational training initiatives for workers paid by the
employer |
Male |
Female |
|
Number
of employees |
1 |
2 |
|
Number
of training hours |
30 |
44 |
|
Net
costs for enterprise |
735 |
0 |
|
Total
of less formal and informal continuing vocational training initiatives for
workers paid by the employer |
Male |
Female |
|
Number
of employees |
- |
- |
|
Number
of training hours |
- |
- |
|
Net
costs for enterprise |
- |
- |
|
Total
of initial training initiatives at the expense of the employer |
Male |
Female |
|
Number
of employees |
- |
- |
|
Number
of training hours |
- |
- |
|
Net
costs for enterprise |
- |
- |
Profit & loss
|
|
Annual accounts |
31-08-2012 |
% |
31-12-2011 |
% |
31-12-2010 |
Industry average |
% |
|||||||
|
|
Weeks |
35 |
|
52 |
|
52 |
|
|
|||||||
|
|
Currency |
EUR |
|
EUR |
|
EUR |
|
|
|||||||
|
|
Turnover |
18,508,729 |
-41.46 |
31,619,882 |
9.42 |
28,898,636 |
42,131,022 |
-56.07 |
|||||||
|
Total operating expenses |
18,178,741 |
-40.93 |
30,776,570 |
12.81 |
27,282,747 |
41,711,442 |
-56.42 |
||||||||
|
329,988 |
-60.87 |
843,312 |
-47.81 |
1,615,889 |
180,914 |
82.40 |
|||||||||
|
89,451 |
-58.37 |
214,893 |
47.97 |
145,223 |
120,241 |
-25.61 |
|
|
|||||||
|
134,467 |
-53.86 |
291,422 |
22.27 |
238,336 |
156,189 |
-13.91 |
|
284,972 |
-62.84 |
766,783 |
-49.65 |
1,522,776 |
139,780 |
103 |
|
110,558 |
7.22 |
103,116 |
-82.54 |
590,508 |
73,190 |
51.06 |
|
174,414 |
-73.72 |
663,667 |
-28.81 |
932,268 |
83,500 |
108 |
|||||||||
|
-3,655 |
-123 |
15,772 |
-96.47 |
446,322 |
-14,713 |
24.84 |
|
|
|||||||
|
22028 |
86.31 |
11823 |
9.13 |
-129426 |
- |
- |
|
192,787 |
-72.11 |
691,262 |
-44.66 |
1,249,164 |
69,083 |
179 |
||||
|
|
other
information |
|
|
|||||||
|
- |
- |
- |
- |
- |
364,903 |
- |
|||||||||
|
80,000 |
-33.33 |
120,000 |
4.35 |
115,000 |
171,146 |
-53.26 |
|||||||||
|
1,234,828 |
-31.69 |
1,807,646 |
8.47 |
1,666,427 |
964,061 |
28.09 |
|
|
|||||||
|
763,000 |
-37.58 |
1,222,375 |
10.93 |
1,101,905 |
681,379 |
11.98 |
|
- |
- |
- |
- |
- |
36,863 |
- |
|
318,803 |
-29.12 |
449,791 |
9.93 |
409,168 |
229,269 |
39.05 |
|
153,025 |
12.95 |
135,480 |
-12.79 |
155,354 |
39,345 |
288 |
|
426,720 |
-14.58 |
499,584 |
16.92 |
427,279 |
120,634 |
253 |
|||||||||
|
|
|
|
|
|
|
|
|
|
|
|
|||||
Balance
sheet
|
|
Annual accounts |
31-08-2012 |
% |
31-12-2011 |
% |
31-12-2010 |
Industry average |
% |
|
|
Weeks |
35 |
|
52 |
|
52 |
|
|
|
|
Currency |
EUR |
|
EUR |
|
EUR |
|
|
|
9,943 |
- |
14,501 |
- |
1,900 |
10,439 |
-4.75 |
|
3,691,343 |
-8.89 |
4,051,358 |
44.72 |
2,799,397 |
651,608 |
466 |
|
1,868,622 |
-4.96 |
1,966,100 |
-7.58 |
2,127,320 |
630,745 |
196 |
|
967,384 |
-17.58 |
1,173,748 |
149 |
470,047 |
308,824 |
213 |
|
201,811 |
-4.30 |
210,875 |
39.64 |
151,008 |
46,157 16,525 |
337 |
|
653,526 |
-6.72 |
700,635 |
- |
- |
314,255 47,362 |
107 |
|||||||||
|
0 |
- |
0 |
-100 |
51,022 |
22,243 |
-100 |
|||||||||
|
110,655 |
0 |
110,655 |
0 |
110,655 |
515,252 |
-78.52 |
|
|
|||||||
|
3,811,941 |
-8.73 |
4,176,514 |
43.43 |
2,911,952 |
945,978 |
302 |
|||||||||
|
5,541,953 |
-1.41 |
5,621,121 |
-9.25 |
6,194,155 |
2,020,087 |
174 |
|||||||||
|
- |
- |
- |
- |
- |
2,738,640 |
- |
|||||||||
|
Work in progress |
0 |
- |
0 |
- |
0 |
115,876 |
-100 |
||||||||
|
5,541,953 |
-1.41 |
5,621,121 |
-9.25 |
6,194,155 |
860,196 |
544 |
|
|
|||||||
|
0 |
- |
0 |
- |
0 |
171,418 |
-100 |
|
6,155,136 |
22.19 |
5,037,464 |
-9.57 |
5,570,637 |
1,361,267 |
352 |
|
Cash |
217,718 |
6.40 |
204,627 |
157 |
79,556 |
410,641 |
-46.98 |
||||||||
|
390,473 |
-24.55 |
517,502 |
336 |
118,468 |
483,962 |
-19.32 |
|
|
|||||||
|
20,922 |
642 |
2,818 |
-39.53 |
4,660 |
133,476 |
-84.33 |
|
12,326,202 |
8.28 |
11,383,532 |
-4.88 |
11,967,476 |
3,634,583 |
239 |
|
16,138,143 |
3.72 |
15,560,046 |
4.57 |
14,879,428 |
4,524,399 891,147 |
256 |
|
|
current
liabilities |
|
3,072,339 |
-9.09 |
3,379,532 |
-0.84 |
3,408,068 |
941,503 |
226 |
|
- |
- |
- |
- |
- |
- |
- |
|
4,415,000 |
26.87 |
3,480,000 |
-11.90 |
3,950,000 |
1,880,440 190,082 |
134 |
|
212,509 |
-30.07 |
303,895 |
-14.68 |
356,187 |
79,055 28,799 |
168 |
|
319,624 |
-3.96 |
332,798 |
-17.67 |
404,239 |
29,487 - |
101 |
|
91,841 |
209 |
29,677 |
93.61 |
15,328 |
-76.09 |
- - |
|
8,111,313 |
7.78 |
7,525,902 |
-7.47 |
8,133,822 |
2,222,066 |
265 |
|
|
Long
term debts and liabilities |
|
Long term group loans |
- |
- |
- |
- |
- |
- |
- - |
|
Other long term loans |
1,850,146 |
-6.30 |
1,974,554 |
10.82 |
1,781,704 |
146 |
- - |
|
Deffered taxes |
144,479 |
-13.23 |
166,507 |
-6.63 |
178,330 |
80,382 15,490 |
79.74 |
|
Provisions for Liabilities & Charges |
130,099 |
2.89 |
126,444 |
4.52 |
120,976 |
74,151 0 |
75.45 |
||||||||
|
Other long term liabilities |
0 |
- |
0 |
- |
0 |
19,553 |
-100 |
|
|
||||||
|
2,124,724 |
-6.30 |
2,267,505 |
8.96 |
2,081,010 |
453,747 |
368 |
|
|
shareholders
equity |
|
2,000,000 |
0 |
2,000,000 |
0 |
2,000,000 |
578,600 |
245 |
|
- |
- |
- |
- |
- |
282,209 |
- |
|
3,902,106 |
3.60 |
3,766,639 |
41.36 |
2,664,596 |
1,226,017 |
218 |
|
- |
- |
- |
- |
- |
485,395 |
- |
|||||||||
|
Total shareholders equity |
5,902,106 |
2.35 |
5,766,639 |
23.63 |
4,664,596 |
1,832,984 |
221 |
|
|
||||||
|
4,214,889 |
9.26 |
3,857,630 |
0.63 |
3,833,654 |
1,412,517 |
198 |
|
619,507 |
-47.98 |
1,190,846 |
-28.97 |
1,676,443 |
172,245 |
259 |
|
5,892,163 |
2.43 |
5,752,138 |
23.37 |
4,662,696 |
1,822,545 |
223 |
ratio
analysis
|
|
Annual accounts |
31-08-2012 |
change(%) |
31-12-2011 |
change(%) |
31-12-2010 |
Industry average |
% |
|
|
Trading
performance |
|||||||||
|
Profit Before Tax |
1.54 |
-36.63 |
2.43 |
-53.89 |
5.27 |
1,00 |
54.00 |
|
|
|
|
3.55 |
-62.79 |
9.54 |
-57.73 |
22.57 |
-9,00 |
39.44 |
|
1.77 |
-64.10 |
4.93 |
-51.81 |
10.23 |
-7,00 |
25.29 |
|
4.83 |
-63.68 |
13.30 |
-59.26 |
32.65 |
-18,00 |
26.83 |
|
4.39 |
-46.46 |
8.20 |
8.75 |
7.54 |
16,00 |
-99 |
|
29.94 |
68.39 |
17.78 |
-17.03 |
21.43 |
18,00 |
66.33 |
|
121.38 |
108 |
58.15 |
-17.35 |
70.36 |
107,00 |
13.44 |
|||||||||
|
61.69 |
53.92 |
40.08 |
-12.09 |
45.59 |
56,00 |
10.16 |
|
|
|||||||
|
|
short
term stability |
|||||||||
|
1.52 |
0.66 |
1.51 |
2.72 |
1.47 |
14,00 |
-49.33 |
|
|
||
|
0.84 |
9.09 |
0.77 |
8.45 |
0.71 |
13,00 |
-93.54 |
|
1.37 |
4.58 |
1.31 |
-24.71 |
1.74 |
3,00 |
-54.33 |
|||||||||
|
Liquidity ratio reprocessed |
- |
- |
- |
- |
- |
- |
|
|
|||||||
|
|
long
term stability |
|
109.75 |
9.90 |
99.86 |
-23.48 |
130.51 |
325,00 |
-66.23 |
|
36.59 |
-1.37 |
37.10 |
18.34 |
31.35 |
-2,00 |
1829 |
||
|
1.73 |
1.76 |
1.70 |
-22.37 |
2.19 |
4,00 |
-56.75 |
FOREIGN EXCHANGE RATES
N/a
ADDITIONAL INFORMATION
Rating History
|
Date |
Rating |
Description |
|
23/08/2013 |
100 |
very good credit worthiness |
|
18/07/2012 |
100 |
very good credit worthiness |
||
|
03/07/2012 |
70 |
credit worthy |
|
||
Limit
History
|
date |
Credit
limit |
|
|
|
23/08/2013 |
665,000 |
|
|
|
18/07/2012 |
665,000 |
|
||
|
18/07/2012 |
565,000 |
|
|
||
|
03/07/2012 |
395,000 |
|
NOTES & COMMENTS
Commentary
|
The business was established over 40 years ago. |
|
||
|
The business has 34 employees. |
|
|
||
|
The business has been at the address for over 11 years. |
|
||
|
The credit rating for this business has decreased from 100
to 99. |
|
||
|
The credit limit for this business has decreased from
€665000 to €660000. |
|
|
||
|
Operating Result in the latest trading period decreased
60% on the previous trading period. |
|
|
Pre-tax profits decreased by 62% compared to the previous trading
period. |
|
|
Turnover in the latest trading period decreased 41% on the
previous trading period. |
|
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.62.24 |
|
|
1 |
Rs.101.80 |
||||
|
Euro |
1 |
Rs.84.87 |
|
||
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%)