MIRA INFORM REPORT

 

 

Report Date :

02.01.2014

 

IDENTIFICATION DETAILS

 

Name :

RADIANT COLOR

 

 

Registered Office :

Europark 1046, Houthalen, 3530

 

 

Country :

Belgium

 

 

Financials (as on) :

31.05.2013

 

 

Date of Incorporation :

1987

 

 

Com. Reg. No.:

431677318

 

 

Legal Form :

Private Subsidiary

 

 

Line of Business :

Manufacture of paints, varnishes and similar coatings, printing ink and mastics

 

 

No. of Employees :

62

 

 

RATING & COMMENTS

 

MIRA’s Rating :

B

 


 

RATING

STATUS

PROPOSED CREDIT LINE

26-40

B

Capability to overcome financial difficulties seems comparatively below average.

Small

 

Status :

Moderate

 

 

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 – September 30, 2013

 

Country Name

Previous Rating

(30.06.2013)

Current Rating

(30.09.2013)

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

 


Company name & address

 

RADIANT COLOR                    

 

 

Europark 1046

 

 

Houthalen, 3530

Belgium

 

 

Tel:

011 52 07 40

Fax:

011 52 66 79

 

 www.radiantcolor.be

 

Employees:

62

Company Type:

Private Subsidiary

Corporate Family:

275 Companies

Ultimate Parent:

RPM International Inc.

 

 

Incorporation Date:

1987

Financials in:

               

 

 

Fiscal Year End:

31-May-2013

Reporting Currency:

Euro

Annual Sales:

21.9  1

Total Assets:

19.6

 

 

Business Description   

 

 

Fluorescent Pigments & Ink Bases Mfr & Marketer

 

 

Industry      

 

 

Industry

Paint, Coating, and Adhesive Manufacturing

ANZSIC 2006:

1916 - Paint and Coatings Manufacturing

ISIC Rev 4:

2022 - Manufacture of paints, varnishes and similar coatings, printing ink and mastics

NACE Rev 2:

2030 - Manufacture of paints, varnishes and similar coatings, printing ink and mastics

NAICS 2012:

325510 - Paint and Coating Manufacturing

UK SIC 2007:

20301 - Manufacture of paints, varnishes and similar coatings, mastics and sealants

US SIC 1987:

2851 - Paints, Varnishes, Lacquers, Enamels, and Allied Products

 

 

Key Executives   

      

Name

Title

James Karman

Administrator

William Edward Moore

Administrator

Ronald Albert Rice

Administrator

Frank C Sullivan

Administrator

Stefan Marie an Olivier

Representative/Auditor

News

 

Title

Date

Whats on Tuesday
New York Times Digital (777 Words)

24-Dec-2013

What's On Tuesday
New York Times (805 Words)

24-Dec-2013

Radiant Orchid named the color of the year for 2014
Grand Forks Herald (ND) (381 Words)

15-Dec-2013

Living Legendary: Gerard H. Gaskin's Photos of New York House Ball Culture
Gay.net (365 Words)

27-Nov-2013

Living Legendary: Gerard H. Gaskin's Photos of New York House Ball ...
Gay.com (352 Words)

27-Nov-2013

RPM International Inc. at Mozaic IR INVESTOhio Equity Conference - Final
FD (Fair Disclosure) Wire (4696 Words)

7-Oct-2013

 

Registered No.(VAT): 431677318

 

1 - Profit & Loss Item Exchange Rate: USD 1 = EUR 0.7770018 

2 - Balance Sheet Item Exchange Rate: USD 1 = EUR 0.7665175

 

 

Corporate Overview

 

Location
Europark 1046
Houthalen, 3530
Belgium

 

Tel:

011 52 07 40

Fax:

011 52 66 79

 

www.radiantcolor.be

Sales EUR(mil):

17.1

Assets EUR(mil):

15.0

Employees:

62

Fiscal Year End:

31-May-2013

 

 

 

Industry:

Chemical Manufacturing

Incorporation Date:

1987

Company Type:

Private Subsidiary

Quoted Status:

Not Quoted

Registered No.(VAT):

431677318

 

Administrator:

William Edward Moore

 

 

Industry Codes

 

 

ANZSIC 2006 Codes:

1916

-

Paint and Coatings Manufacturing

 

ISIC Rev 4 Codes:

2022

-

Manufacture of paints, varnishes and similar coatings, printing ink and mastics

 

NACE Rev 2 Codes:

2030

-

Manufacture of paints, varnishes and similar coatings, printing ink and mastics

 

NAICS 2012 Codes:

325510

-

Paint and Coating Manufacturing

 

US SIC 1987:

2851

-

Paints, Varnishes, Lacquers, Enamels, and Allied Products

 

UK SIC 2007:

20301

-

Manufacture of paints, varnishes and similar coatings, mastics and sealants

 

 

Business Description

 

Manufacture of paints, varnishes and similar coatings, printing ink and mastics

 

 

More Business Descriptions

Fluorescent Pigments & Ink Bases Mfr & Marketer

 

 

Financial Data

 

Financials in:

EUR(mil)

 

Revenue:

17.1

Assets:

15.0

Current Assets:

10.0

 

Fixed Assets:

5.0

 

Total Liabilities:

15.0

 

Issued Capital:

0.1

 

Net Worth:

0.1

 

 

 

Date of Financial Data:

31-May-2013

 

1 Year Growth

-25.9%

NA

 

 

Corporate Family

 

Total Corporate Family Members: 275 

 

 

Company Name

Company Type

Location

Country

Industry

Sales
(USD mil)

Employees

RPM International Inc.

Parent

Medina, OH

United States

Paint, Coating, and Adhesive Manufacturing

4,078.7

10,553

RPM, Inc.

Subsidiary

Medina, OH

United States

Paint, Coating, and Adhesive Manufacturing

 

7,685

Dryvit Holdings, Inc.

Subsidiary

West Warwick, RI

United States

Holding Companies

 

365

Dryvit Systems, Inc.

Subsidiary

West Warwick, RI

United States

Miscellaneous Chemical Manufacturing

 

150

Dryvit Systems Canada Ltd.

Subsidiary

Stouffville, ON

Canada

Specialty Construction Trade Contractors

 

50

Dryvit Systems Canada

Branch

Woodbridge, ON

Canada

Wood Product Manufacturing

2.1

8

Dryvit Quebec Distributions

Branch

Quebec, QC

Canada

Construction and Hardware Materials Wholesale

6.7

6

Dryvit Systems

Branch

Woodlake, CA

United States

Rubber and Plastic Product Manufacturing

7.6

28

Dryvit Systems

Branch

Sand Springs, OK

United States

Rubber and Plastic Product Manufacturing

8.6

25

Dryvit Systems

Branch

Columbus, GA

United States

Rubber and Plastic Product Manufacturing

4.2

15

Dryvit Systems

Branch

Vienna, VA

United States

Rubber and Plastic Product Manufacturing

3.2

12

Dryvit Systems

Branch

Baton Rouge, LA

United States

Rubber and Plastic Product Manufacturing

1.1

1

Dryvit Systems

Branch

Shreveport, LA

United States

Rubber and Plastic Product Manufacturing

1.1

1

Dryvit Systems

Branch

Miami, FL

United States

Rubber and Plastic Product Manufacturing

0.2

1

Dryvit Systems Usa (Europe) Sp Z O O

Subsidiary

Radziejowice

Poland

Non-Metallic Mineral Product Manufacturing

12.3

 

Dryvit UK Ltd.

Subsidiary

Shefford

United Kingdom

Chemical Wholesale

2.3

10

RPM Wood Finishes Group, Inc.

Subsidiary

Hickory, NC

United States

Holding Companies

 

340

Chemical Coatings Inc

Branch

Hickory, NC

United States

Metal Products Manufacturing

91.3

300

Chemical Coatings, Inc.

Subsidiary

Hickory, NC

United States

Wood Product Manufacturing

 

150

Guardian Protection Products, Inc.

Subsidiary

Hickory, NC

United States

Miscellaneous Chemical Manufacturing

 

45

Guardian Protection Products

Branch

Pitcairn, PA

United States

Chemical Wholesale

11.4

5

Guardian Protection Products

Branch

Lewisville, TX

United States

Chemical Wholesale

13.1

4

Guardian Protection Products

Branch

Copperopolis, CA

United States

Chemical Wholesale

7.7

3

Guardian Protection Products

Branch

Palmer, AK

United States

Chemical Wholesale

4.0

2

Westfield Coatings Corp.

Subsidiary

Westfield, MA

United States

Paint, Coating, and Adhesive Manufacturing

7.4

25

Fuhr Industrial

Subsidiary

Hickory, NC

United States

Specialty Construction Trade Contractors

0.8

5

Day-Glo Color Corp.

Subsidiary

Cleveland, OH

United States

Basic Chemical Manufacturing

 

300

Day Glo Color

Branch

Twinsburg, OH

United States

Basic Chemical Manufacturing

17.8

20

Day Glo Color

Branch

Cudahy, CA

United States

Basic Chemical Manufacturing

14.8

19

TCI, Inc.

Subsidiary

Ellaville, GA

United States

Paint, Coating, and Adhesive Manufacturing

40.0

150

TCI Powder Coatings

Branch

Jacksonville, FL

United States

Metal Products Manufacturing

1.1

5

TCI Powder Coatings

Branch

Chino, CA

United States

Metal Products Manufacturing

0.3

1

Kop-Coat, Inc.

Subsidiary

Pittsburgh, PA

United States

Paint, Coating, and Adhesive Manufacturing

45.0

140

Kop-Coat Marine Group

Branch

Rockaway, NJ

United States

Miscellaneous Wholesale

144.8

50

Pettit Paint Company

Subsidiary

Rockaway, NJ

United States

Paint, Coating, and Adhesive Manufacturing

 

50

AGPRO NZ Limited

Subsidiary

Auckland

New Zealand

Agricultural Chemical Manufacturing

 

15

Kop-Coat

Branch

St Louis, MO

United States

Miscellaneous Wholesale

20.4

10

Kop-Coat New Zealand Ltd.

Subsidiary

Rotorua

New Zealand

Paint, Coating, and Adhesive Manufacturing

 

10

Chemical Specialties Manufacturing Corp.

Subsidiary

Baltimore, MD

United States

Miscellaneous Chemical Manufacturing

29.2

70

Viapol Ltda.

Subsidiary

Cacapava, Sao Paulo

Brazil

Specialty Construction Trade Contractors

 

130

Martin Mathys

Subsidiary

Zelem

Belgium

Paint, Coating, and Adhesive Manufacturing

36.0

121

Rust-Oleum Mathys S.A.

Subsidiary

Zelem

Belgium

Paint, Coating, and Adhesive Manufacturing

 

100

RPM Industrial Holding Co.

Subsidiary

Medina, OH

United States

Holding Companies

 

100

Tremco Incorporated

Subsidiary

Beachwood, OH

United States

Paint, Coating, and Adhesive Manufacturing

350.0

1,900

RPM Canada

Subsidiary

Toronto, ON

Canada

Paint, Coating, and Adhesive Manufacturing

 

500

Tremco Barrier Solutions, Inc.

Subsidiary

Beachwood, OH

United States

Clothing and Apparel Manufacturing

 

320

Weatherproofing Technologies, Inc.

Subsidiary

Beachwood, OH

United States

Specialty Construction Trade Contractors

117.1

300

The Euclid Chemical Company

Subsidiary

Cleveland, OH

United States

Paint, Coating, and Adhesive Manufacturing

200.0

250

Increte Systems Inc.

Subsidiary

Odessa, FL

United States

Cement and Concrete Product Manufacturing

8.1

60

Redwood Transport Inc.

Subsidiary

Cleveland, OH

United States

Trucking

0.5

20

PSI Fibers

Subsidiary

La Fayette, GA

United States

Metal Products Manufacturing

3.8

15

Euclid Chemical Co

Branch

Monroe, NC

United States

Cement and Concrete Product Manufacturing

3.0

12

Euclid Chemical Co

Branch

Cleveland, OH

United States

Cement and Concrete Product Manufacturing

2.4

10

Euclid Chemical Co

Branch

East Brunswick, NJ

United States

Cement and Concrete Product Manufacturing

2.3

10

Euclid Chemical Co

Branch

Denton, TX

United States

Cement and Concrete Product Manufacturing

2.8

7

Euclid Chemical Co

Branch

Winter Haven, FL

United States

Cement and Concrete Product Manufacturing

0.9

5

Increte Systems

Branch

Walland, TN

United States

Cement and Concrete Product Manufacturing

0.9

4

Euclid Chemical Co

Branch

Eloy, AZ

United States

Cement and Concrete Product Manufacturing

0.8

4

Euclid Chemical Co

Branch

Fontana, CA

United States

Residential and Commercial Building Construction

2.1

3

Euclid Chemical Co

Branch

Mt Vernon, WA

United States

Cement and Concrete Product Manufacturing

0.8

3

Euclid Chemical Co

Branch

Auburndale, FL

United States

Cement and Concrete Product Manufacturing

0.5

3

Euclid Chemical Co

Branch

Charlotte, NC

United States

Cement and Concrete Product Manufacturing

0.5

2

Euclid Chemical Co

Branch

Columbus, OH

United States

Cement and Concrete Product Manufacturing

0.2

1

Euclid Chemical Co

Branch

Deale, MD

United States

Cement and Concrete Product Manufacturing

0.2

1

Tremco

Branch

Ashland, OH

United States

Construction and Hardware Materials Wholesale

93.4

80

Tremco Australia

Subsidiary

Rydalmere, NSW

Australia

Paint, Coating, and Adhesive Manufacturing

 

30

PABCO Products Pty. Ltd.

Subsidiary

Somersby, NSW

Australia

Paint, Coating, and Adhesive Manufacturing

 

50

Tremco Pty. Ltd.

Subsidiary

Rydalmere , NSW

Australia

Paint, Coating, and Adhesive Manufacturing

11.4

35

Tremco

Branch

Vernon, CA

United States

Construction and Hardware Materials Wholesale

20.2

15

Tremco Far East Limited

Subsidiary

Wan Chai, Hong Kong

Hong Kong

Construction and Hardware Materials Wholesale

4.2

15

Paramount Technical Products

Subsidiary

Spearfish, SD

United States

Miscellaneous Chemical Manufacturing

3.6

15

Tremco AB

Subsidiary

Kungalv

Sweden

Paint, Coating, and Adhesive Manufacturing

 

12

Tremco Barrier Solutions

Branch

Reynoldsburg, OH

United States

Construction and Hardware Materials Wholesale

11.7

10

Tremco

Branch

Margate, FL

United States

Construction and Hardware Materials Wholesale

7.7

6

Tremco

Branch

Castle Rock, CO

United States

Construction and Hardware Materials Wholesale

7.5

6

Tremco

Branch

Bridgeville, PA

United States

Construction and Hardware Materials Wholesale

7.4

6

Tremco

Branch

Cincinnati, OH

United States

Construction and Hardware Materials Wholesale

7.0

6

Tremco Barrier Solutions

Branch

Olathe, KS

United States

Construction and Hardware Materials Wholesale

6.9

6

Tremco Asia Pte. Ltd.

Subsidiary

Singapore

Singapore

Paint, Coating, and Adhesive Manufacturing

 

6

Tremco

Branch

Flemington, NJ

United States

Construction and Hardware Materials Wholesale

4.0

3

Tremco

Branch

Oxnard, CA

United States

Construction and Hardware Materials Wholesale

1.3

1

Tremco

Branch

Memphis, TN

United States

Construction and Hardware Materials Wholesale

1.2

1

Tremco Asia Pacific Pty Limited

Subsidiary

 

 

 

 

 

Ascoat Contracting Pty Ltd

Subsidiary

Braeside, VIC

Australia

Specialty Construction Trade Contractors

6.2

20

Republic Powdered Metals, Inc.

Subsidiary

Medina, OH

United States

Paint, Coating, and Adhesive Manufacturing

2.6

35

HiChem Industries

Subsidiary

Hallam, VIC

Australia

Paint, Coating, and Adhesive Manufacturing

14.5

90

Dryvit Systems USA (Europe) Sp. z.o.o.

Subsidiary

Warszawa

Poland

Rubber and Plastic Product Manufacturing

 

80

Legend Brands Inc

Subsidiary

Burlington, WA

United States

Business Support Services

 

70

Dri Eaz Products Inc

Subsidiary

Nashville, TN

United States

Department Stores

1.9

8

Dri-Eaz Products Ltd.

Subsidiary

Newport Pagnell

United Kingdom

Machinery and Equipment Manufacturing

3.1

5

Radiant Color

Subsidiary

Houthalen

Belgium

Paint, Coating, and Adhesive Manufacturing

21.9

62

RPM Consumer Holding Co.

Subsidiary

Medina, OH

United States

Holding Companies

 

62

DAP Products, Inc.

Subsidiary

Baltimore, MD

United States

Paint, Coating, and Adhesive Manufacturing

 

900

DAP Products Inc

Branch

Tipp City, OH

United States

Paint, Coating, and Adhesive Manufacturing

53.2

100

DAP Products Inc

Branch

Sparrows Point, MD

United States

Paint, Coating, and Adhesive Manufacturing

6.7

15

DAP Canada Corp.

Subsidiary

Scarborough, ON

Canada

Chemical Wholesale

 

15

DAP Products Inc

Branch

Dallas, TX

United States

Paint, Coating, and Adhesive Manufacturing

9.1

10

DAP Products Inc

Branch

Mooresville, NC

United States

Paint, Coating, and Adhesive Manufacturing

2.2

4

Zinsser Co., Inc.

Subsidiary

Somerset, NJ

United States

Paint, Coating, and Adhesive Manufacturing

49.6

450

Zinsser Holdings, LLC

Subsidiary

Somerset, NJ

United States

Holding Companies

 

400

Mantrose-Haeuser Co.

Subsidiary

Westport, CT

United States

Paint, Coating, and Adhesive Manufacturing

 

80

Modern Masters Inc.

Subsidiary

Sun Valley, CA

United States

Miscellaneous Chemical Manufacturing

9.7

30

Parks Corporation

Subsidiary

Attleboro, MA

United States

Petroleum Product Manufacturing

 

120

OKON, Inc.

Subsidiary

Somerset, NJ

United States

Paint, Coating, and Adhesive Manufacturing

 

12

Zinsser Brands Company

Subsidiary

Vernon Hills, IL

United States

Paint, Coating, and Adhesive Manufacturing

 

 

The Testor Corporation

Subsidiary

Rockford, IL

United States

Paint, Coating, and Adhesive Manufacturing

159.3

260

Rust-Oleum Corporation

Subsidiary

Vernon Hills, IL

United States

Paint, Coating, and Adhesive Manufacturing

 

200

Rust-Oleum International, LLC

Subsidiary

Vernon Hills, IL

United States

Holding Companies

200.0

100

Rust-Oleum

Branch

Pleasant Prairie, WI

United States

Paint, Coating, and Adhesive Manufacturing

46.4

250

Rust-Oleum Sales Co., Inc.

Subsidiary

Vernon Hills, IL

United States

Computer, Office Equipment and Software Merchant Wholesalers

 

200

Tor Coatings Ltd.

Subsidiary

Chester Le Street

United Kingdom

Paint, Coating, and Adhesive Manufacturing

44.7

177

Weld Hold Ltd.

Subsidiary

Chatham

United Kingdom

Miscellaneous Professional Services

2.2

 

Rust-Oleum Distribution Center

Branch

Williamsport, MD

United States

Advertising Services

42.0

170

Rust Oleum Corp

Branch

Attleboro, MA

United States

Paint, Coating, and Adhesive Manufacturing

49.4

100

ROC Sales, Inc.

Subsidiary

Vernon Hills, IL

United States

Home Furnishings Retail

 

100

The Flecto Company, Inc.

Subsidiary

Vernon Hills, IL

United States

Paint, Coating, and Adhesive Manufacturing

 

80

Rust-Oleum Indl Sales

Branch

Channelview, TX

United States

Paint, Coating, and Adhesive Manufacturing

63.6

58

Rust-Oleum

Branch

Smyrna, GA

United States

Paint, Coating, and Adhesive Manufacturing

33.6

58

Rust-Oleum

Branch

Boca Raton, FL

United States

Paint, Coating, and Adhesive Manufacturing

28.3

58

Multicolor Specialties

Branch

Waupun, WI

United States

Paint, Coating, and Adhesive Manufacturing

8.9

16

Rust-Oleum

Branch

Tulsa, OK

United States

Paint, Coating, and Adhesive Manufacturing

9.2

13

Rust-Oleum

Branch

Mooresville, NC

United States

Paint, Coating, and Adhesive Manufacturing

2.7

4

Rust-Oleum

Branch

Miami, FL

United States

Paint, Coating, and Adhesive Manufacturing

0.5

1

Rust Oleum Argentina S.A.

Subsidiary

Garin, Buenos Aires

Argentina

Paint, Coating, and Adhesive Manufacturing

 

 

Paint & Coatings Ventures, Inc.

Subsidiary

Cicero, IL

United States

Paint, Coating, and Adhesive Manufacturing

9.0

35

Rust-Oleum Japan Corporation

Subsidiary

Yokohama

Japan

Paint, Coating, and Adhesive Manufacturing

 

 

Mohawk Finishing Products, Inc.

Subsidiary

Hickory, NC

United States

Paint, Coating, and Adhesive Manufacturing

184.6

190

Tremco Illbruck Ltd.

Subsidiary

Wigan

United Kingdom

Miscellaneous Wholesale

35.4

60

Dane Color UK Ltd.

Subsidiary

Stalybridge

United Kingdom

Basic Chemical Manufacturing

21.2

58

Api SpA

Subsidiary

Mignanego

Italy

Miscellaneous Chemical Manufacturing

21.4

56

Sapphire Scientific Inc.

Subsidiary

Prescott, AZ

United States

Machinery and Equipment Manufacturing

13.7

54

RPM Enterprises, Inc.

Subsidiary

Medina, OH

United States

Holding Companies

 

50

Pitchmastic Pmb Ltd.

Subsidiary

Sheffield

United Kingdom

Specialty Construction Trade Contractors

16.4

48

Tremco illbruck International GmbH

Subsidiary

Köln, Nordrhein-Westfalen

Germany

Petroleum Product Manufacturing

48.8

46

Carboline Italia SpA

Subsidiary

Cologno Monzese

Italy

Paint, Coating, and Adhesive Manufacturing

24.9

43

Hummervoll Industribelegg AS

Subsidiary

Nesttun, Hordaland

Norway

Cement and Concrete Product Manufacturing

15.6

41

Rust-Oleum France S.A.S.

Subsidiary

Saint Leu-la-Foret

France

Metal Products Manufacturing

 

40

Argos Gestion Sl

Subsidiary

Vallirana, Barcelona

Spain

Miscellaneous Manufacturing

6.8

39

Watco UK Ltd.

Subsidiary

Godalming

United Kingdom

Grocery Stores

15.7

36

Industrial Flooring Services Ltd

Subsidiary

Canterbury

United Kingdom

Miscellaneous Professional Services

 

 

Tremco illbruck B.V.

Subsidiary

Arkel

Netherlands

Petroleum Product Manufacturing

21.7

35

Rpm Belgium

Subsidiary

Tielt

Belgium

Petroleum Product Manufacturing

14.8

31

Synta

Subsidiary

Clarkston, GA

United States

Architecture and Engineering

6.5

30

Tremco illbruck Swiss AG

Subsidiary

Baar

Switzerland

Paint, Coating, and Adhesive Manufacturing

 

26

Tremco Canada Div

Subsidiary

Mississauga, ON

Canada

Home and Garden Retail

8.4

25

Rust-Oleum Australia Pty. Limited

Subsidiary

Rydalmere, NSW

Australia

Paint, Coating, and Adhesive Manufacturing

4.1

21

Vandex International AG

Subsidiary

Solothurn

Switzerland

Specialty Construction Trade Contractors

 

20

RPM Asia Pte. Ltd.

Subsidiary

Singapore

Singapore

Holding Companies

 

20

Tremco illbruck GmbH

Subsidiary

Brunn am Gebirge

Austria

Petroleum Product Manufacturing

 

20

Alteco Technik GmbH

Subsidiary

Twistringen, Niedersachsen

Germany

Metal Products Manufacturing

19.2

19

Synta Inc

Subsidiary

Clarkston, GA

United States

Rubber and Plastic Product Manufacturing

5.4

19

Chemtec Chemicals B.V.

Subsidiary

Rotterdam

Netherlands

Metal Products Manufacturing

 

16

Euclid Admixture Canada Inc.

Subsidiary

North York, ON

Canada

Miscellaneous Chemical Manufacturing

13.3

15

Tremco illbruck ooo

Subsidiary

Moscow

Russian Federation

Paint, Coating, and Adhesive Manufacturing

 

15

Pipeline And Drainage Systems Ltd.

Subsidiary

Canterbury

United Kingdom

Miscellaneous Wholesale

9.0

14

Pipeline & Drainage Manufacturing Ltd.

Subsidiary

Canterbury

United Kingdom

Rubber and Plastic Product Manufacturing

2.5

 

Fibregrid Ltd.

Subsidiary

Haverhill

United Kingdom

Non-Metallic Mineral Product Manufacturing

4.5

14

2002 Perlindustria Sl

Subsidiary

Vallirana, Barcelona

Spain

Paint, Coating, and Adhesive Manufacturing

2.2

14

Flowcrete Group Ltd.

Subsidiary

Canterbury

United Kingdom

Holding Companies

0.0

14

Flowcrete SA Ltd

Subsidiary

Durban

South Africa

Wood Product Manufacturing

 

95

Ivory Industrials (Pty) Ltd

Subsidiary

Durban, Kwazulu-Natal

South Africa

Metal Products Manufacturing

 

70

Isocrete Project Management Ltd.

Subsidiary

Canterbury

United Kingdom

Specialty Construction Trade Contractors

5.2

3

Flowcrete International Ltd

Subsidiary

Canterbury

United Kingdom

Holding Companies

0.0

 

Flowcrete Europe Ltd.

Subsidiary

Sandbach

United Kingdom

Holding Companies

0.0

 

Flowcrete UK Ltd

Subsidiary

Sandbach

United Kingdom

Miscellaneous Manufacturing

27.6

61

Ecoloc

Subsidiary

Sint-Lenaarts

Belgium

Synthetic Chemical Manufacturing

4.6

13

Mantrose UK Ltd.

Subsidiary

Hungerford

United Kingdom

Miscellaneous Wholesale

4.4

13

Agricoat Natureseal Ltd.

Subsidiary

Canterbury

United Kingdom

Miscellaneous Wholesale

6.5

 

Hermeta GmbH

Subsidiary

Berlin

Germany

Metal Products Manufacturing

 

12

Rust-Oleum UK Ltd.

Subsidiary

Canterbury

United Kingdom

Miscellaneous Manufacturing

8.2

11

Dri-Eaz Products, Inc.

Subsidiary

Burlington, WA

United States

Motor Vehicle Parts Manufacturing

2.3

10

Watco GmbH

Subsidiary

Viersen, Nordrhein-Westfalen

Germany

Paint, Coating, and Adhesive Manufacturing

 

10

Kirker Enterprises Inc

Subsidiary

Paterson, NJ

United States

Miscellaneous Chemical Manufacturing

100.0

7

Canam Building Envelope Specialists Inc.

Subsidiary

Winnipeg, MB

Canada

Specialty Construction Trade Contractors

1.3

6

Chemspec Europe Ltd.

Subsidiary

Shipley

United Kingdom

Miscellaneous Wholesale

1.2

5

Toxement, S.A.

Subsidiary

Bogota

Colombia

Paint, Coating, and Adhesive Manufacturing

30.6

 

Rpow UK Ltd.

Subsidiary

Canterbury

United Kingdom

Miscellaneous Professional Services

 

 

Nullifire Ltd.

Subsidiary

Coventry

United Kingdom

Miscellaneous Professional Services

 

25

Amtred Ltd.

Subsidiary

Canterbury

United Kingdom

 

 

 

Anglo Building Products Ltd.

Subsidiary

Coventry

United Kingdom

Miscellaneous Professional Services

 

 

Rpm Holdings UK Ltd.

Subsidiary

Canterbury

United Kingdom

Miscellaneous Professional Services

 

 

Advanced Construction Materials Ltd.

Subsidiary

Canterbury

United Kingdom

Miscellaneous Professional Services

 

 

Timberex International Ltd.

Subsidiary

Canterbury

United Kingdom

Grocery Stores

 

 

Illbruck Holdings Ltd.

Subsidiary

Canterbury

United Kingdom

Miscellaneous Professional Services

 

 

Failsafe Metering International Ltd.

Subsidiary

Canterbury

United Kingdom

Machinery and Equipment Manufacturing

0.0

25

Rpm Europe Holdco B.V.

Subsidiary

Roosendaal, Noord-Brabant

Netherlands

Banking

 

 

Rust-Oleum Netherlands B.V.

Subsidiary

Roosendaal, Noord-Brabant

Netherlands

Paint, Coating, and Adhesive Manufacturing

26.6

65

Rust Oleum France

Subsidiary

St Leu La Foret

France

Construction and Hardware Materials Wholesale

24.0

34

Tremco Illbruck Productie B.V.

Subsidiary

Arkel, Zuid-Holland

Netherlands

Rubber and Plastic Product Manufacturing

75.2

 

Tremco illbruck Dis Ticaret A.S.

Subsidiary

Istanbul

Turkey

Paint, Coating, and Adhesive Manufacturing

 

 

Rpm New Horizons UK Ltd.

Subsidiary

Canterbury

United Kingdom

Miscellaneous Professional Services

 

 

New Ventures (UK) Ltd.

Subsidiary

Canterbury

United Kingdom

Holding Companies

 

 

New Ventures Ii (UK) Ltd.

Subsidiary

Canterbury

United Kingdom

Holding Companies

 

 

Tremco illbruck s.r.o.

Subsidiary

Prague

Czech Republic

Paint, Coating, and Adhesive Manufacturing

 

 

Rpm Nvuk Ltd.

Subsidiary

Canterbury

United Kingdom

Miscellaneous Professional Services

 

 

Tremco illbruck kft

Subsidiary

Budaors

Hungary

Paint, Coating, and Adhesive Manufacturing

 

 

Tremco illbruck, S.L.U.

Subsidiary

Barbera del Valles

Spain

Paint, Coating, and Adhesive Manufacturing

 

 

RPM Lux Enterprises S.ar.l.

Subsidiary

Luxembourg

Luxembourg

Construction and Hardware Materials Wholesale

 

 

TCI Powder Coating Canada Inc.

Subsidiary

Stoney Creek, ON

Canada

Paint, Coating, and Adhesive Manufacturing

 

 

HiChem Paint Technologies Pty. Limited

Subsidiary

Hallam, VIC

Australia

Paint, Coating, and Adhesive Manufacturing

 

 

Aislamientos Ignifugos Zona Centro, S.L.U.

Subsidiary

Madrid

Spain

Specialty Construction Trade Contractors

 

 

RPM Performance Coatings Group, Inc.

Subsidiary

Maple Shade, NJ

United States

Synthetic Chemical Manufacturing

 

 

Carboline Company

Subsidiary

Saint Louis, MO

United States

Paint, Coating, and Adhesive Manufacturing

110.0

300

Carboline Co

Branch

Lake Charles, LA

United States

Chemical Wholesale

235.3

108

Carboline Corp.

Subsidiary

Saint Louis, MO

United States

Holding Companies

 

105

Carboline Co

Branch

St Louis, MO

United States

Chemical Wholesale

222.8

100

Carboline Marine Europe AS

Subsidiary

Lierstranda

Norway

Residential and Commercial Building Construction

 

60

Carboline A/D Fire Protection

Branch

Louisa, VA

United States

Electronics Wholesale

55.2

45

A/D Fire Protection Systems Inc.

Subsidiary

Scarborough, ON

Canada

Specialty Construction Trade Contractors

 

30

AD Fire Protection Systems

Branch

Laval, QC

Canada

Specialty Construction Trade Contractors

0.2

1

Carboline Norge AS

Subsidiary

Lierstranda

Norway

Paint, Coating, and Adhesive Manufacturing

17.6

11

Carboline Co

Branch

Houston, TX

United States

Chemical Wholesale

26.3

8

Carboline France S.A.S.

Subsidiary

Paris

France

Paint, Coating, and Adhesive Manufacturing

11.3

7

Carboline Co

Branch

Montclair, CA

United States

Chemical Wholesale

10.2

4

Carboline Co

Branch

Tempe, AZ

United States

Chemical Wholesale

8.2

4

Carboline Co

Branch

Corpus Christi, TX

United States

Chemical Wholesale

9.9

3

Carboline Co

Branch

Harahan, LA

United States

Chemical Wholesale

6.5

3

Carboline Co

Branch

Cheshire, CT

United States

Chemical Wholesale

9.3

2

Carboline Co

Branch

San Antonio, TX

United States

Chemical Wholesale

6.6

2

Carboline Co

Branch

Little Rock, AR

United States

Chemical Wholesale

6.5

2

Carboline Co

Branch

Livonia, MI

United States

Chemical Wholesale

6.4

2

Carboline Co

Branch

Westmont, IL

United States

Chemical Wholesale

6.2

2

Carboline Co

Branch

University Hts, OH

United States

Chemical Wholesale

4.9

2

Carboline Co

Branch

Uniontown, OH

United States

Chemical Wholesale

4.9

2

Carboline Co

Branch

Baton Rouge, LA

United States

Chemical Wholesale

4.4

2

Carboline Co

Branch

Broussard, LA

United States

Chemical Wholesale

4.4

2

Carboline Co

Branch

Green Bay, WI

United States

Chemical Wholesale

3.9

2

Carboline Co

Branch

Madison, MS

United States

Chemical Wholesale

3.7

2

Carboline A/D Fire Protection

Branch

Mission Viejo, CA

United States

Electronics Wholesale

2.7

2

Carboline Co

Branch

La Porte, TX

United States

Chemical Wholesale

3.3

1

Carboline Co

Branch

Stahlstown, PA

United States

Chemical Wholesale

2.3

1

Carboline Co

Branch

Berkeley, MO

United States

Chemical Wholesale

2.2

1

Carboline Co

Branch

Salt Lake City, UT

United States

Chemical Wholesale

1.8

1

StonCor Group, Inc.

Subsidiary

Maple Shade, NJ

United States

Paint, Coating, and Adhesive Manufacturing

757.2

200

Flowcrete Group Ltd.

Subsidiary

Sandbach

United Kingdom

Rubber and Plastic Product Manufacturing

 

350

Flowcrete Sweden AB

Subsidiary

Perstorp

Sweden

Rubber and Plastic Product Manufacturing

27.7

42

Flowcrete Singapore Pte Ltd

Subsidiary

Singapore

Singapore

Rubber and Plastic Product Manufacturing

 

35

Flowcrete Asia Sdn. Bhd.

Subsidiary

Kuala Lumpur

Malaysia

Metal Products Manufacturing

12.5

30

Flowcrete North America Inc.

Subsidiary

Conroe, TX

United States

Rubber and Plastic Product Manufacturing

 

25

Flowcrete North America Inc

Branch

Downey, CA

United States

Wood Product Manufacturing

1.5

8

Flowcrete Polska Sp. z .o.o.

Subsidiary

Warsaw

Poland

Rubber and Plastic Product Manufacturing

 

20

Flowcrete India Private Limited

Subsidiary

Chennai, Tamil Nadu

India

Metal Products Manufacturing

 

15

Flowcrete Middle East FZCO

Subsidiary

Dubai

United Arab Emirates

Metal Products Manufacturing

 

13

Flowcrete Norway AS

Subsidiary

Ski

Norway

Metal Products Manufacturing

6.3

6

Flowcrete (Hong Kong) Ltd

Subsidiary

Kowloon

Hong Kong

Rubber and Plastic Product Manufacturing

 

5

Flowcrete Australia Pty. Limited

Subsidiary

Brendale, QLD

Australia

Metal Products Manufacturing

 

5

Flowcrete France S.A.S.

Subsidiary

Saint-Soupplets

France

Metal Products Manufacturing

 

 

Fibergrate Composite Structures, Inc.

Subsidiary

Dallas, TX

United States

Rubber and Plastic Product Manufacturing

 

200

Corgrate Fiberglass Systems, S.A. De C.V.

Subsidiary

El Márquez, Queretaro

Mexico

Rubber and Plastic Product Manufacturing

 

130

Fibergrate Composite Strctrs

Branch

Stephenville, TX

United States

Metal Products Manufacturing

43.3

120

Irving Frp, S.A. De C.V.

Subsidiary

Queretaro, Queretaro

Mexico

Metal Products Manufacturing

 

70

Fibergrate Composite Structures Ltd.

Subsidiary

Stockton-On-Tees

United Kingdom

Specialty Construction Trade Contractors

4.8

22

Fibergrate Composite Strctrs

Branch

Dallas, TX

United States

Metal Products Manufacturing

2.5

7

Fibergrate B.V.

Subsidiary

Roosendaal, Noord-Brabant

Netherlands

Paint, Coating, and Adhesive Manufacturing

 

5

StonCor Africa Pty. Ltd.

Subsidiary

Halfway Kop, Chloorkop

South Africa

Paint, Coating, and Adhesive Manufacturing

 

175

Grupo Stoncor, S.A. De C.V.

Subsidiary

Ciudad De Mexico, Distrito Federal

Mexico

Construction and Hardware Materials Wholesale

23.7

80

StonCor Corrosion Specialists Group Ltda.

Subsidiary

Cotia, SP

Brazil

Specialty Construction Trade Contractors

 

65

Stonhard

Branch

Fort Wayne, IN

United States

Home Furnishings Wholesale

60.5

27

Stoncor South Cone S.A.

Subsidiary

Garin, Buenos Aires

Argentina

Paint, Coating, and Adhesive Manufacturing

10.6

24

Stonhard S.A.S.

Subsidiary

Lognes

France

Metal Products Manufacturing

9.4

20

StonCor (Deutschland) GmbH

Subsidiary

Würselen, Nordrhein-Westfalen

Germany

Specialty Construction Trade Contractors

 

18

Stonhard (U.K.) Ltd.

Subsidiary

Basingstoke

United Kingdom

Specialty Construction Trade Contractors

4.0

12

Stonhard Inc

Branch

Maple Shade, NJ

United States

Home Furnishings Wholesale

10.3

4

Stonhard

Branch

Winter Park, FL

United States

Home Furnishings Wholesale

9.8

4

Parklin Management Group, Inc.

Subsidiary

Maple Shade, NJ

United States

Administrative Services

 

 

Stoncor Corrosion Specialists Group Ltda

Subsidiary

Sao Paulo, Sao Paulo

Brazil

Paint, Coating, and Adhesive Manufacturing

 

 

StonCor Benelux B.V.

Subsidiary

Roosendaal

Netherlands

Specialty Construction Trade Contractors

 

 

StonCor Espana SL

Subsidiary

Barcelona

Spain

Specialty Construction Trade Contractors

 

 

Stonhard Nederland B.V.

Subsidiary

Roosendaal

Netherlands

Specialty Construction Trade Contractors

 

 

Perlita Y Vermiculita Sl

Subsidiary

Vallirana, Barcelona

Spain

Paint, Coating, and Adhesive Manufacturing

2.3

16

Expanko Inc

Subsidiary

Exton, PA

United States

Specialty Construction Trade Contractors

12.0

9

TCI Powder Coatings de Mexico, S.A. de C.V.

Subsidiary

San Jose del Cabo

Mexico

Paint, Coating, and Adhesive Manufacturing

 

 

Tremco illbruck Produktion GmbH

Subsidiary

Traunreut

Germany

Paint, Coating, and Adhesive Manufacturing

 

 

Watco S.ar.l.

Subsidiary

Lesquin

France

Paint, Coating, and Adhesive Manufacturing

 

 

Tremco illbruck Production SAS

Subsidiary

Saint Apollinaire

France

Paint, Coating, and Adhesive Manufacturing

 

 

 

 

 

Executives Report

 

Executives

 

 

Name

Title

Function

 

James Karman

 

Administrator

Administration Executive

 

William Edward Moore

 

Administrator

Administration Executive

 

Age: 64

 

Ronald Albert Rice

 

Administrator

Administration Executive

 

 

Frank C Sullivan

 

Administrator

Administration Executive

 

 

Stefan Marie Jan Olivier

 

Representative/Auditor

Accounting Executive

 

 

Age: 36

 

 

 

 

News

 

Whats on Tuesday
New York Times Digital (777 Words)

24-Dec-2013

What's On Tuesday
New York Times (805 Words)

24-Dec-2013

Radiant Orchid named the color of the year for 2014
Grand Forks Herald (ND) (381 Words)

15-Dec-2013

Living Legendary: Gerard H. Gaskin's Photos of New York House Ball Culture
Gay.net (365 Words)

27-Nov-2013

Living Legendary: Gerard H. Gaskin's Photos of New York House Ball ...
Gay.com (352 Words)

27-Nov-2013

RPM International Inc. at Mozaic IR INVESTOhio Equity Conference - Final
FD (Fair Disclosure) Wire (4696 Words)

07-Oct-2013

RPM International Inc. at Mozaic IR INVESTOhio Equity Conference - Final
FD (Fair Disclosure) Wire (4696 Words)

26-Sep-2013

WILDS Wide Variety of Natural Colors From Nature Can Replace Synthetic and FD&C Colors
PR Web (428 Words)

25-Sep-2013

45 News at 9PM 2013-08-16 21:33:43
inewsnetwork Transcripts (2415 Words)

16-Aug-2013

WILDS Natural Blue Color Celebrates Five Years in the U.S. Market
PR Web (476 Words)

15-Aug-2013

Bold lips continue to make bold statement, sales
Drug Store News (327 Words)

12-Aug-2013

 

 

Annual Profit & Loss

 

 

 

 

31-May-2013

31-May-2012

31-May-2011

Period Length

52 Weeks

52 Weeks

52 Weeks

Filed Currency

EUR

EUR

EUR

Exchange Rate (Period Average)

0.777002

0.739331

0.744785

Consolidated

No

No

No

 

 

 

 

    Turnover

21.9

21.3

21.6

    Increase or Decrease in Stocks of Finished Goods, and Orders in Progress

0.0

0.1

0.4

    Other Operating Income

0.6

0.7

0.6

Operating Income

22.5

22.1

22.7

        Purchases

5.8

5.4

6.3

        Increase or Decrease in Stocks

0.1

0.1

-0.4

    Raw Materials, Consumables, and Goods for Release

6.0

5.5

5.9

    Services and Sundry Goods

3.2

3.2

3.6

    Remuneration, Social Security Charges, and Pensions

6.8

6.8

6.7

    Depreciation of and Other Amounts Written Off of Formation Expense, Intangible and Tangible Fixed Assets

0.3

0.3

0.3

    Increase or Decrease in Amounts Written Off Stocks, Orders, and Trade Debtors

-0.1

0.2

0.0

    Provisions for Liabilities and Charges

-0.1

0.0

0.0

    Other Operating Charges

0.1

0.1

0.1

Operating Charges

16.3

16.1

16.6

    Income From Financial Fixed Assets

8.1

-

-

    Other Financial Income

0.1

0.6

0.6

Financial Income

8.1

0.6

0.6

    Interest and Other Debt Charges

0.2

0.2

0.2

    Other Financial Charges

0.2

0.2

0.6

Financial Charges

0.4

0.5

0.7

    Gain on Disposal of Fixed Assets

1.1

0.0

10.4

Extraordinary Income

1.1

0.0

10.4

    Amounts Written Off on Financial Fixed Assets

1.6

-

-

Extraordinary Charges

1.6

-

-

    Transfer from Differed Taxes

0.0

0.0

0.0

    Income Taxes

2.2

2.0

1.9

    Adjustment of Income Taxes and Write-Back of Tax Provisions

-

0.0

-

Income Taxes

2.2

1.9

1.9

        From Reserves

-

28.2

40.1

    Transfers From Capital and Reserves

-

28.2

40.1

        To Other Reserves

-

4.3

14.4

    Transfers to Capital and Reserves

-

4.3

14.4

        Return on Capital

9.0

28.4

40.1

    Profit to be Distributed

9.0

28.4

40.1

    Employees

62

64

62

 

 

Annual Balance Sheet

 

Financials in: USD (mil)

 

 

 

31-May-2013

31-May-2012

31-May-2011

Filed Currency

EUR

EUR

EUR

Exchange Rate

0.766517

0.806162

0.695604

Consolidated

No

No

No

 

 

 

 

        Land & Buildings

1.6

1.4

1.6

        Plant, Machinery, and Equipment

1.5

1.3

1.2

        Furniture and Vehicles

0.1

0.1

0.1

    Tangible Assets

3.2

2.7

2.8

        Participating Interests

3.4

12.4

14.4

        Affiliated Enterprises

3.4

12.4

14.4

        Amounts Receivable and Cash Guarantees

0.0

0.0

0.0

        Other Capital Assets

0.0

0.0

0.0

    Capital Assets

3.4

12.5

14.4

Fixed Assets

6.5

15.2

17.2

        Raw Materials and Consumables

1.2

1.2

1.7

        Work in Progress

0.2

0.2

0.2

        Finished Goods

1.6

1.5

1.8

        Goods Purchased for Resale

0.1

0.1

0.1

        Stocks

3.0

3.0

3.7

    Inventory and Orders in Progress

3.0

3.0

3.7

        Trade Debtors

3.8

3.3

3.0

        Other Amounts Receivable

6.0

0.6

32.7

    Amounts Receivable Within One Year

9.8

3.9

35.7

    Liquid Assets

0.1

0.3

0.4

    Adjustment Accounts

0.1

0.2

0.3

Current Assets

13.0

7.4

40.2

Total Assets

19.6

22.5

57.4

        Issued Capital

0.1

0.1

0.1

    Capital

0.1

0.1

0.1

    Paid-In Capital

0.0

0.0

0.0

        Legal Reserve

0.0

0.0

0.0

        Untaxed Reserves

0.0

0.0

0.0

        Reserves Available for Distribution

4.1

3.9

30.0

    Reserves

4.1

3.9

30.0

        Pensions and Similar Obligations

0.2

0.2

0.2

        Other Liabilities and Charges

-

-

0.1

        Provisions for Liabilities and Charges

0.2

0.2

0.3

        Deferred Taxation

0.0

0.0

0.0

    Provisions and Deferred Taxes

0.2

0.2

0.3

Capital and Reserves

6.5

4.0

30.4

        Current Portion of Amounts Payable After More Than One Year

-

-

0.0

        Suppliers

1.9

1.9

1.6

        Trade Debts

1.9

1.9

1.6

        Taxes

0.2

0.1

0.1

        Remuneration and Social Security

1.5

1.3

1.8

        Taxes, Wages, and Social Security

1.7

1.4

1.9

        Other Amounts Payable

9.1

14.9

23.1

    Amounts Payable Within One Year

12.7

18.1

26.6

    Adjustment Accounts

0.2

0.2

0.2

Creditors

12.9

18.3

26.8

Total Liabilities + Shareholders' Equity

19.6

22.5

57.4

 

 

FOREIGN EXCHANGE RATES

 

Currency

Unit

Indian Rupees

US Dollar

1

Rs.61.93

UK Pound

1

Rs.102.39

Euro

1

Rs.85.12

 

 

INFORMATION DETAILS

 

Report Prepared by :

NNA

 

 

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%)

 

PRIVATE & CONFIDENTIAL : This information is provided to you at your request, you having employed MIPL for such purpose. You will use the information as aid only in determining the propriety of giving credit and generally as an aid to your business and for no other purpose. You will hold the information in strict confidence, and shall not reveal it or make it known to the subject persons, firms or corporations or to any other. MIPL does not warrant the correctness of the information as you hold it free of any liability whatsoever. You will be liable to and indemnify MIPL for any loss, damage or expense, occasioned by your breach or non observance of any one, or more of these conditions

This report is issued at your request without any risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL) or its officials.