MIRA
INFORM REPORT
|
Report Date : |
10.07.2013 |
IDENTIFICATION DETAILS
|
Name : |
SMBC AVIATION CAPITAL LIMITED |
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Registered Office : |
IFSC House IFSC Dublin, 1 |
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Country : |
Ireland |
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Financials (as on) : |
31.03.2012 |
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Date of Incorporation : |
14.08.1997 |
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Com. Reg. No.: |
E0270775 |
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Legal Form : |
Private Subsidiary |
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|
Line of Business : |
The provision of financial advice and brokerage services
to the airline industry and the acquisition, disposal and leasing of
aircraft. |
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|
No. of Employees : |
68 |
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) |
|
Ireland |
B1 |
B1 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
|
Moderate |
B1 |
|
High |
B2 |
|
Very High |
C1 |
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Restricted |
C2 |
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Off-credit |
D |
IRELAND - ECONOMIC
OVERVIEW
Ireland is a small, modern, trade-dependent economy. Ireland
was among the initial group of 12 EU nations that began circulating the euro on
1 January 2002. GDP growth averaged 6% in 1995-2007, but economic activity has
dropped sharply since the onset of the world financial crisis, with GDP falling
by over 3% in 2008, nearly 7% in 2009, and less than 1% in 2010. Ireland
entered into a recession in 2008 for the first time in more than a decade, with
the subsequent collapse of its domestic property and construction markets.
Property prices rose more rapidly in Ireland in the decade up to 2007 than in
any other developed economy. Since their 2007 peak, average house prices have
fallen 47%. In the wake of the collapse of the construction sector and the downturn
in consumer spending and business investment, the export sector, dominated by
foreign multinationals, has become a key component of Ireland's economy.
Agriculture, once the most important sector, is now dwarfed by industry and
services. In 2008 the former COWEN government moved to guarantee all bank
deposits, recapitalize the banking system, and establish partly-public venture
capital funds in response to the country's economic downturn. In 2009, in
continued efforts to stabilize the banking sector, the Irish Government
established the National Asset Management Agency (NAMA) to acquire problem
commercial property and development loans from Irish banks. Faced with sharply
reduced revenues and a burgeoning budget deficit, the Irish Government
introduced the first in a series of draconian budgets in 2009. In addition to
across-the-board cuts in spending, the 2009 budget included wage reductions for
all public servants. These measures were not sufficient. In 2010, the budget
deficit reached 32.4% of GDP - the world's largest deficit, as a percentage of
GDP - because of additional government support for the banking sector. In late
2010, the former COWEN Government agreed to a $112 billion loan package from
the EU and IMF to help Dublin further increase the capitalization of its
banking sector and avoid defaulting on its sovereign debt. Since entering
office in March 2011, the new KENNY government has intensified austerity
measures to try to meet the deficit targets under Ireland's EU-IMF program.
Ireland achieved moderate growth of 1.4% in 2011 and cut the budget deficit to
9.1% of GDP. Although the recovery slowed in 2012 because of weaker EU demand
for Irish exports, Dublin managed to trim the deficit to about 8.5% of GDP.
|
Source
: CIA |
Company name and address
SMBC AVIATION CAPITAL LIMITED
|
IFSC House IFSC Dublin, 1 Ireland
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Business Description
The provision of financial advice and brokerage services to
the airline industry and the acquisition, disposal and leasing of aircraft.
Industry
|
Industry |
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|
ANZSIC 2006: |
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NACE 2002: |
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NAICS 2002: |
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|
UK SIC 2003: |
|
|
UK SIC 2007: |
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US SIC 1987: |
Key Executives
|
Name |
Title |
|
Chief Executive Officer |
|
|
Diarmuid Healy |
Head-Technical Asset Management |
|
Jef Oliver |
Head-Business Analysis |
|
Catharine Ennis |
Secretary |
|
John Grehan |
Head-Commercial Negotiation |
News
|
Title |
Date |
|
Aeroflot Group plans to carry
47.332 mln passengers in 2018 |
26-Apr-2013 |
|
Aeroflot board to consider renewal
of 5 bln ruble loan from Sberbank |
8-Apr-2013 |
|
SMBC Aviation Capital to drive
growth by sale and leaseback deals with airlines |
4-Apr-2013 |
|
SMBC Aviation Capital closes merger
with SMFL Aircraft Capital and Sumisho Aircraft Asset Management |
3-Apr-2013 |
|
SMBC completes merger with SMFL and
Sumisho |
3-Apr-2013 |
|
SMBC AVIATION CAPITAL: Update on
the integration of SMFL Aircraft Capital Corporation and Sumisho Aircraft
Asset Management, and recent trading activity |
2-Apr-2013 |
Registered No.(IRE): E0270775
1 - Profit & Loss Item Exchange Rate: USD 1 = EUR 0.7191895
2 - Balance Sheet Item Exchange Rate:
USD 1 = EUR 0.770327
|
|
|
|
|
|
ANZSIC 2006 Codes: |
||
|
6230 |
- |
Non-Depository Financing |
|
NACE 2002 Codes: |
||
|
6522 |
- |
Other credit granting |
|
NAICS 2002 Codes: |
||
|
522220 |
- |
Sales Financing |
|
US SIC 1987: |
||
|
6159 |
- |
Miscellaneous Business Credit Institutions |
|
UK SIC 2003: |
||
|
6522 |
- |
Other credit granting |
|
UK SIC 2007: |
||
|
6492 |
- |
Other credit granting |
The provision of financial advice and brokerage services to
the airline industry and the acquisition, disposal and leasing of aircraft.
More Business Descriptions
Provision of finance for commercial aircraft
Commercial Aircraft Acquisition & Leasing Services
|
|
|
|
Corporate
Family
Corporate Structure News
Total Corporate Family Members: 135
|
Company Name |
Company Type |
Location |
Country |
Industry |
Sales |
Employees |
|
Parent |
Chiyoda-Ku |
Japan |
Commercial Banks |
48,353.7 |
64,225 |
|
|
Subsidiary |
Tokyo |
Japan |
Commercial Banks |
|
22,921 |
|
|
Asset/product line purchase
proposed/announced.See corporate
structure news on Sumitomo Mitsui Financial Group, Inc. for
details |
||||||
|
Subsidiary |
Tokyo |
Japan |
Consumer Financial Services |
|
2,670 |
|
|
Subsidiary |
Wanchai |
Hong Kong |
Consumer Financial Services |
|
200 |
|
|
Subsidiary |
L'Isle Adam |
France |
Recreational Activities |
2.2 |
34 |
|
|
Subsidiary |
Bangkok |
Thailand |
Consumer Financial Services |
|
|
|
|
Subsidiary |
Fukuoka |
Japan |
Consumer Financial Services |
|
|
|
|
Subsidiary |
Tokyo |
Japan |
Business Services |
|
|
|
|
Subsidiary |
Tokyo |
Japan |
Consumer Financial Services |
|
|
|
|
Subsidiary |
Tokyo |
Japan |
Real Estate Operations |
|
|
|
|
Subsidiary |
Shenyang, Liaoning |
China |
Consumer Financial Services |
|
|
|
|
Subsidiary |
Takamatsu |
Japan |
Consumer Financial Services |
|
|
|
|
Subsidiary |
Tokyo |
Japan |
Construction Services |
|
|
|
|
Subsidiary |
Taipei |
Taiwan |
Consumer Financial Services |
|
|
|
|
Subsidiary |
Tokyo |
Japan |
Investment Services |
|
|
|
|
Subsidiary |
Tokyo |
Japan |
Consumer Financial Services |
|
323 |
|
|
Joint Venture |
Tokyo |
Japan |
Investment Services |
|
300 |
|
|
Subsidiary |
London |
United Kingdom |
Miscellaneous Financial Services |
12.4 |
25 |
|
|
Subsidiary |
Admiralty, Hong Kong |
Hong Kong |
Investment Services |
|
12 |
|
|
Subsidiary |
Singapore |
Singapore |
Business Services |
3.1 |
7 |
|
|
Subsidiary |
Central |
Hong Kong |
Commercial Banks |
|
300 |
|
|
Joint Venture |
Tokyo |
Japan |
Consumer Financial Services |
|
280 |
|
|
Subsidiary |
Los Angeles, CA |
United States |
Commercial Banks |
|
278 |
|
|
Branch |
Newport Beach, CA |
United States |
Commercial Banks |
|
19 |
|
|
Branch |
Encino, CA |
United States |
Commercial Banks |
|
13 |
|
|
Branch |
City Of Industry, CA |
United States |
Commercial Banks |
|
11 |
|
|
Branch |
Beverly Hills, CA |
United States |
Commercial Banks |
|
9 |
|
|
Branch |
Ontario, CA |
United States |
Commercial Banks |
|
9 |
|
|
Branch |
San Diego, CA |
United States |
Commercial Banks |
|
8 |
|
|
Branch |
Torrance, CA |
United States |
Commercial Banks |
|
8 |
|
|
Branch |
Los Angeles, CA |
United States |
Commercial Banks |
|
7 |
|
|
Branch |
San Jose, CA |
United States |
Commercial Banks |
|
5 |
|
|
Branch |
Woodland Hills, CA |
United States |
Commercial Banks |
|
4 |
|
|
Subsidiary |
Osaka |
Japan |
Consumer Financial Services |
|
277 |
|
|
Subsidiary |
Bangkok |
Thailand |
Commercial Banks |
|
260 |
|
|
Subsidiary |
Tokyo |
Japan |
Consumer Financial Services |
|
163 |
|
|
Subsidiary |
Jakarta |
Indonesia |
Commercial Banks |
|
150 |
|
|
Subsidiary |
SĂ£o Paulo, SP |
Brazil |
Commercial Banks |
|
100 |
|
|
Subsidiary |
New York, NY |
United States |
Investment Services |
|
100 |
|
|
Subsidiary |
Tokyo |
Japan |
Business Services |
|
100 |
|
|
Subsidiary |
Luxembourg |
Luxembourg |
Commercial Banks |
|
80 |
|
|
Joint Venture |
Tokyo |
Japan |
Investment Services |
|
65 |
|
|
Subsidiary |
Tokyo |
Japan |
Investment Services |
|
65 |
|
|
Subsidiary |
Hong Kong |
Hong Kong |
Investment Services |
|
50 |
|
|
Subsidiary |
Toronto, ON |
Canada |
Commercial Banks |
|
35 |
|
|
Subsidiary |
Delhi |
India |
Consumer Financial Services |
|
16 |
|
|
Subsidiary |
New York, NY |
United States |
Rental and Leasing |
|
16 |
|
|
Subsidiary |
London |
United Kingdom |
Consumer Financial Services |
3.5 |
5 |
|
|
Subsidiary |
London |
United Kingdom |
Consumer Financial Services |
1.0 |
|
|
|
Subsidiary |
Manila, Makati |
Philippines |
Consumer Financial Services |
|
10 |
|
|
Subsidiary |
Manama |
Bahrain |
Commercial Banks |
|
|
|
|
Branch |
Sandton |
South Africa |
Commercial Banks |
|
|
|
|
Subsidiary |
Tokyo |
Japan |
S&Ls/Savings Banks |
|
|
|
|
Subsidiary |
Shanghai |
China |
Commercial Banks |
|
|
|
|
Branch |
Suzhou, Jiangsu |
China |
Commercial Banks |
|
80 |
|
|
Branch |
Tianjin, Tianjin |
China |
Commercial Banks |
|
50 |
|
|
Subsidiary |
Central |
Hong Kong |
Commercial Banks |
|
|
|
|
Subsidiary |
Moscow |
Russian Federation |
Commercial Banks |
|
|
|
|
Subsidiary |
Tokyo |
Japan |
Business Services |
|
|
|
|
Subsidiary |
Tokyo |
Japan |
Consumer Financial Services |
|
|
|
|
Subsidiary |
Tokyo |
Japan |
Consumer Financial Services |
|
|
|
|
Subsidiary |
Tokyo |
Japan |
Investment Services |
|
|
|
|
Subsidiary |
Tokyo |
Japan |
Investment Services |
|
|
|
|
Subsidiary |
Sakai, Osaka |
Japan |
Restaurants |
76.3 |
|
|
|
Subsidiary |
Tokyo |
Japan |
Schools |
|
|
|
|
Subsidiary |
Osaka |
Japan |
Commercial Banks |
|
|
|
|
Subsidiary |
New York, NY |
United States |
Investment Services |
|
|
|
|
Subsidiary |
Tokyo |
Japan |
Investment Services |
|
|
|
|
Subsidiary |
Tokyo |
Japan |
Investment Services |
|
|
|
|
Subsidiary |
Tokyo |
Japan |
Commercial Banks |
|
|
|
|
Subsidiary |
Tokyo |
Japan |
Investment Services |
|
|
|
|
Subsidiary |
Tokyo |
Japan |
Business Services |
|
|
|
|
Subsidiary |
Tokyo |
Japan |
Investment Services |
|
|
|
|
Subsidiary |
Tokyo |
Japan |
Business Services |
|
|
|
|
Subsidiary |
Tokyo |
Japan |
Commercial Banks |
|
|
|
|
Subsidiary |
Tokyo |
Japan |
Commercial Banks |
|
|
|
|
Subsidiary |
Tokyo |
Japan |
Commercial Banks |
|
|
|
|
Subsidiary |
Tokyo |
Japan |
Commercial Banks |
|
|
|
|
Subsidiary |
Chiyoda-Ku |
Japan |
Investment Services |
1,128.9 |
5,366 |
|
|
Subsidiary |
Yokohama, Kanagawa |
Japan |
Computer Networks |
|
485 |
|
|
Branch |
San Mateo, CA |
United States |
Computer Networks |
1.4 |
2 |
|
|
Subsidiary |
New York, NY |
United States |
Investment Services |
|
|
|
|
Subsidiary |
Tokyo |
Japan |
Investment Services |
|
2,104 |
|
|
Subsidiary |
Tokyo |
Japan |
Computer Networks |
|
2,000 |
|
|
Subsidiary |
Tokyo |
Japan |
Business Services |
|
1,500 |
|
|
Joint Venture |
Tokyo |
Japan |
Computer Networks |
387.1 |
1,300 |
|
|
Subsidiary |
London |
United Kingdom |
Computer Services |
8.2 |
51 |
|
|
Subsidiary |
Shanghai, Shanghai |
China |
Investment Services |
|
6 |
|
|
Subsidiary |
New York, NY |
United States |
Software and Programming |
|
|
|
|
Subsidiary |
Shanghai |
China |
Business Services |
|
|
|
|
The Japan Research Institute
(Shanghai) Consulting Co., Ltd. |
Subsidiary |
Shanghai |
China |
Business Services |
|
|
|
Subsidiary |
Singapore |
Singapore |
Consumer Financial Services |
340.1 |
300 |
|
|
Branch |
Taipei City, Taipei |
Taiwan |
Commercial Banks |
|
100 |
|
|
Sumitomo Mitsui Banking
Corporation- Ho Chi Minh City Branch |
Subsidiary |
Ho Chi Minh City |
Viet Nam |
Commercial Banks |
|
70 |
|
Subsidiary |
DĂ¼sseldorf |
Germany |
Consumer Financial Services |
|
60 |
|
|
Sumitomo Mitsui Banking Corporation
Fil. DĂ¼sseldorf Zweigniederlassung der Sumitomo Mitsui B |
Subsidiary |
DĂ¼sseldorf, Nordrhein-Westfalen |
Germany |
Miscellaneous Financial Services |
|
57 |
|
Subsidiary |
New York, NY |
United States |
Commercial Banks |
|
25 |
|
|
Branch |
Los Angeles, CA |
United States |
Commercial Banks |
|
40 |
|
|
Branch |
Houston, TX |
United States |
Commercial Banks |
|
8 |
|
|
Subsidiary |
San Francisco, CA |
United States |
Commercial Banks |
|
10 |
|
|
Subsidiary |
Tokyo |
Japan |
Consumer Financial Services |
9,345.2 |
|
|
|
Subsidiary |
Dublin |
Ireland |
Consumer Financial Services |
648.6 |
68 |
|
|
Subsidiary |
Amsterdam |
Netherlands |
Rental and Leasing |
|
15 |
|
|
Subsidiary |
Dublin |
Ireland |
Rental and Leasing |
0.5 |
|
|
|
Subsidiary |
Chiyoda-Ku, Tokyo |
Japan |
Rental and Leasing |
321.0 |
60 |
|
|
Subsidiary |
Minato-Ku, Tokyo |
Japan |
Business Services |
13.7 |
54 |
|
|
Subsidiary |
Guangzhou |
China |
Rental and Leasing |
|
50 |
|
|
Sumitomo Mitsui Finance &
Leasing (China) Co., Ltd. - Shanghai Branch |
Branch |
Shanghai |
China |
Rental and Leasing |
|
|
|
Subsidiary |
Bangkok |
Thailand |
Rental and Leasing |
|
50 |
|
|
Subsidiary |
Hong Kong |
Hong Kong |
Rental and Leasing |
|
30 |
|
|
Subsidiary |
Kuala Lumpur |
Malaysia |
Rental and Leasing |
4.5 |
10 |
|
|
Subsidiary |
Singapore |
Singapore |
Consumer Financial Services |
|
10 |
|
|
Subsidiary |
Minato-Ku, Tokyo |
Japan |
Consumer Financial Services |
322.8 |
|
|
|
Subsidiary |
Chiyoda-Ku, Tokyo |
Japan |
Rental and Leasing |
78.6 |
|
|
|
Subsidiary |
Shinjuku-Ku, Tokyo |
Japan |
Electronic Instruments and Controls |
39.3 |
|
|
|
Branch |
Osaka, Osaka |
Japan |
Rental and Leasing |
|
|
|
|
Subsidiary |
Jakarta, Selatan |
Indonesia |
Rental and Leasing |
|
|
|
|
Subsidiary |
Guangzhou, Guangdong |
China |
Consumer Financial Services |
|
|
|
|
Subsidiary |
Bangkok |
Thailand |
Consumer Financial Services |
|
|
|
|
Subsidiary |
Ha Noi |
Viet Nam |
Commercial Banks |
|
|
|
|
Subsidiary |
Bangkok |
Thailand |
Commercial Banks |
|
|
|
|
Subsidiary |
Tokyo |
Japan |
Miscellaneous Financial Services |
|
|
|
|
Subsidiary |
Tokyo |
Japan |
Consumer Financial Services |
2,371.3 |
3,096 |
|
|
Subsidiary |
Nagoya, Aichi |
Japan |
Investment Services |
|
20 |
|
|
Subsidiary |
Tokyo |
Japan |
Computer Services |
|
10 |
|
|
Subsidiary |
Tokyo |
Japan |
Schools |
|
|
|
|
Subsidiary |
Nagoya, Aichi |
Japan |
Consumer Financial Services |
|
|
|
|
Subsidiary |
Nagoya, Aichi |
Japan |
Consumer Financial Services |
|
|
|
|
Subsidiary |
Tokyo |
Japan |
Consumer Financial Services |
|
|
|
|
Subsidiary |
Tokyo |
Japan |
Consumer Financial Services |
|
|
|
|
Subsidiary |
Nagoya, Aichi |
Japan |
Computer Services |
|
|
|
|
Subsidiary |
Shinjuku-Ku, Tokyo |
Japan |
Rental and Leasing |
88.8 |
|
|
|
Subsidiary |
Tokyo |
Japan |
Consumer Financial Services |
80,478.3 |
2,370 |
|
|
Branch |
Osaka, Osaka |
Japan |
Consumer Financial Services |
|
|
|
|
Subsidiary |
Nagoya, Aichi |
Japan |
Consumer Financial Services |
2,233.7 |
|
|
Executives Report
Board of Directors
|
|
|
|||
|
Director |
Director/Board Member |
|||
|
Chief Executive Officer |
Director/Board Member |
|||
|
Secretary |
Director/Board Member |
|||
|
Director |
Director/Board Member |
|||
|
Director |
Director/Board Member |
|||
|
Director |
Director/Board Member |
|||
|
Director |
Director/Board Member |
|||
|
Director |
Director/Board Member |
|||
|
Director |
Director/Board Member |
|||
|
Director |
Director/Board Member |
|||
|
Director |
Director/Board Member |
Executives
|
|
|
|||
|
Chief Executive Officer |
Chief Executive Officer |
|||
|
Secretary |
Company Secretary |
|||
|
Head-Technical Asset Management |
Finance Executive |
|||
|
Head-Credit Risk |
Finance Executive |
|||
|
Head-Business Analysis |
Business Development Executive |
|||
|
Head-Commercial Negotiation |
Commercial Executive |
|||
|
Head-Transaction Management |
Other |
News
Annual
Profit & Loss
|
|
31-Mar-2012 |
31-Dec-2011 |
31-Dec-2010 |
31-Dec-2009 |
|
Period Length |
13 Weeks |
52 Weeks |
52 Weeks |
52 Weeks |
|
Filed Currency |
USD |
USD |
USD |
USD |
|
Exchange Rate (Period
Average) |
1 |
1 |
1 |
1 |
|
Consolidated |
No |
No |
No |
No |
|
|
|
|
|
|
|
Turnover |
151.0 |
617.4 |
654.8 |
566.8 |
|
Cost of Sales |
44.7 |
188.9 |
200.0 |
218.5 |
|
Gross Profit |
106.3 |
428.5 |
454.8 |
348.3 |
|
Operating Profit |
94.8 |
417.4 |
466.3 |
330.3 |
|
Non Trading Income |
-6.1 |
-8.9 |
-6.9 |
95.5 |
|
Interest Expenses |
56.0 |
229.4 |
255.1 |
277.9 |
|
Pretax Profit |
32.7 |
179.2 |
204.3 |
147.9 |
|
Taxation |
4.1 |
13.4 |
25.9 |
18.3 |
|
Profit after Tax |
28.6 |
165.7 |
178.4 |
129.6 |
|
Dividends Payable |
- |
35.3 |
- |
- |
|
Retained Profits |
28.6 |
130.4 |
178.4 |
129.6 |
|
Value Added |
289.1 |
632.0 |
686.9 |
569.8 |
|
Wages And Salaries |
4.0 |
22.3 |
17.8 |
18.1 |
|
Directors’ Emoluments |
1.7 |
6.7 |
5.6 |
6.9 |
|
Auditors Fees |
0.1 |
- |
- |
- |
|
Depreciation |
189.9 |
189.9 |
201.0 |
219.5 |
|
Number of Employees |
68 |
65 |
58 |
64 |
Annual
Balance Sheet
Financials in: USD (mil)
|
|
31-Mar-2012 |
31-Dec-2011 |
31-Dec-2010 |
31-Dec-2009 |
|
Filed Currency |
USD |
USD |
USD |
USD |
|
Exchange Rate |
1 |
1 |
1 |
1 |
|
Consolidated |
No |
No |
No |
No |
|
|
|
|
|
|
|
Tangible Assets |
6,058.8 |
5,892.8 |
6,658.8 |
6,673.8 |
|
Total Fixed Assets |
6,058.8 |
5,892.8 |
6,658.8 |
6,673.8 |
|
Trade Debtors |
279.4 |
7.0 |
7.3 |
11.6 |
|
Cash |
54.8 |
94.7 |
33.2 |
340.6 |
|
Miscellaneous Current Assets |
2.9 |
370.1 |
90.2 |
52.7 |
|
Other Current Assets |
57.7 |
464.8 |
123.4 |
393.2 |
|
Total Current Assets |
337.0 |
471.8 |
130.7 |
404.9 |
|
Total Assets |
6,395.8 |
6,364.6 |
6,789.5 |
7,078.7 |
|
Net assets |
5,575.2 |
5,604.1 |
6,074.7 |
6,433.5 |
|
Total Current Liabilities |
820.6 |
760.6 |
714.8 |
645.1 |
|
Total Debt |
5,263.7 |
5,108.4 |
5,807.6 |
6,403.4 |
|
Total Long Term Liabilities |
4,791.4 |
4,849.0 |
5,450.0 |
6,038.3 |
|
Total Liabilities |
5,612.1 |
5,609.5 |
6,164.7 |
6,683.5 |
|
Share Capital And Other Reserves |
65.5 |
65.5 |
65.5 |
65.5 |
|
Profit & Loss Account Reserve |
718.3 |
689.6 |
559.3 |
329.7 |
|
Shareholders Funds |
783.8 |
755.1 |
624.8 |
395.2 |
|
Capital Employed |
5,575.2 |
5,604.1 |
6,074.7 |
6,433.5 |
|
Net Worth |
783.8 |
755.1 |
624.8 |
395.2 |
|
Working Capital |
-483.6 |
-288.8 |
-584.1 |
-240.2 |
|
Fixed Assets |
6,049.6 |
5,868.5 |
6,224.7 |
6,204.5 |
|
Intermediate Assets |
9.2 |
24.4 |
434.1 |
469.3 |
|
Liquid Assets |
337.0 |
471.8 |
130.7 |
404.9 |
|
Trade Creditors |
183.9 |
0.0 |
210.3 |
166.4 |
|
Miscellaneous Current Liabilities |
636.7 |
760.5 |
504.5 |
478.7 |
|
Bank Loans - Current Portion |
- |
- |
- |
429.4 |
|
Other Short Term Finance |
636.7 |
598.8 |
504.5 |
49.3 |
|
Other Current Liabilities |
- |
161.8 |
- |
- |
|
Short Term Loans |
636.7 |
598.8 |
504.5 |
478.7 |
|
Long Term Loans |
4,627.0 |
4,509.6 |
5,303.1 |
5,924.7 |
|
Long Term Bank Loans |
- |
- |
- |
4,928.9 |
|
Other Long Term Finance |
4,627.0 |
4,509.6 |
5,303.1 |
995.8 |
|
Other Long Term Liabilities |
164.4 |
339.4 |
146.8 |
113.6 |
|
Called Up Share Capital |
0.5 |
0.5 |
0.5 |
0.5 |
|
Sundry Reserves (incl. Grants) |
65.0 |
65.0 |
65.0 |
65.0 |
Annual
Cash Flows
Financials in: USD (mil)
|
|
31-Mar-2012 |
31-Dec-2011 |
31-Dec-2010 |
31-Dec-2009 |
|
Period Length |
13 Weeks |
52 Weeks |
52 Weeks |
52 Weeks |
|
Filed Currency |
USD |
USD |
USD |
USD |
|
Exchange Rate (Period
Average) |
1 |
1 |
1 |
1 |
|
Consolidated |
No |
No |
No |
No |
|
|
|
|
|
|
|
Net Cashflow From Operating Activities |
145.2 |
934.6 |
622.6 |
537.8 |
|
Net Cashflow From ROI & Servicing Of Finance |
-53.6 |
-275.9 |
-264.7 |
-271.0 |
|
Net Cashflow Before Financing |
-57.4 |
523.1 |
183.5 |
-924.9 |
|
Net Cashflow From Financing |
17.4 |
-461.5 |
-490.9 |
853.3 |
|
Increase In Cash |
-39.9 |
61.5 |
-307.4 |
-71.5 |
|
Net Cash |
54.8 |
94.7 |
33.2 |
340.6 |
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.60.07 |
|
|
1 |
Rs.89.91 |
|
Euro |
1 |
Rs.77.43 |
INFORMATION DETAILS
|
Report Prepared
by : |
SDA |
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%)