MIRA
INFORM REPORT
|
Report Date : |
08.07.2014 |
IDENTIFICATION DETAILS
|
Name : |
SADEL NV |
|
|
|
|
Registered Office : |
Industriezone "De Prijkels E17",
Venecoweg 35 - 9810 |
|
|
|
|
Country : |
|
|
|
|
|
Financials (as on) : |
30.09.2013 |
|
|
|
|
Date of Incorporation : |
10.11.1975 |
|
|
|
|
Com. Reg. No.: |
415013213 |
|
|
|
|
Legal Form : |
Public Limited Liability Company (BE) |
|
|
|
|
Line of Business : |
Engaged in
Wholesale Distribution of Stainless Steel Tubes,
Bars, Sheets and Appliances Subject
product lines are as follows: - Flanges ·
DIN ANSI AFNOR Welded Fittings ·
Elbows Reducers Collars Caps Threated Fittings ·
Thread Bsp Tubes Welded Seamless Food Industry Square Rectangular Bars ·
Flat Round Angle Square T-Profile Plates ·
Cold Or Hot Rolled Trenched Perforated Ball Valves ·
2 Pieces 3 Pieces Screwed End Butt Welded End Fanged Food Industry ·
Pipes Fittings Elbows Clamps Tees Valves No-Return Valves Sight Glasses |
|
|
|
|
No of Employees : |
41 (30.09.2013) |
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 31, 2014
|
Country Name |
Previous Rating (31.12.2013) |
Current Rating (31.03.2014) |
|
Belgium |
A1 |
A1 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low Risk |
A2 |
|
Moderate Low Risk |
B1 |
|
Moderate Risk |
B2 |
|
Moderate High Risk |
C1 |
|
High Risk |
C2 |
|
Very High Risk |
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
2013 Belgian GDP grew by 0.1%, the unemployment rate increased to 8.8% from
7.6% the previous year, and the government reduced the budget deficit from a
peak of 6% of GDP in 2009 to 3.2%. 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 summary
|
Business number |
415013213 |
|
Company name |
SADEL
NV |
|
Address |
Industriezone "De Prijkels E17", Venecoweg 35 - 9810
Nazareth |
|
Number of staff |
41
(30.09.2013) |
|
Date of establishment |
10/11/1975 |
|
Telephone number |
093818910 |
|
Fax number |
093801842 |
Ultimate holding company
Company name Company Number
Sadel NV 415013213
Commentary
|
The business was established
over 39 years ago. |
|
|
The business has 41 employees. |
|
|
The business is part of a
group. |
|
|
This business has a foreign
parent business. |
|
|
The business has been at the address
for over 14 years. |
|
|
Operating Result in the latest
trading period increased 273% on the previous trading period. |
|
|
Pre-tax profits increased by
148% compared to the previous trading period. |
|
|
The business saw an increase in
their Cash Balance of 190% during the latest trading period |
|
Accounts
|
DATE OF LATEST ACCOUNTS |
TURNOVER |
PROFIT BEFORE TAX |
NET WORTH |
WORKING CAPITAL |
|
30/09/2013 |
52,527,595 |
2,233,970 |
23,321,978 |
22,010,246 |
|
30/09/2012 |
58,658,495 |
898,112 |
21,605,946 |
20,349,919 |
|
30/09/2011 |
61,403,775 |
2,897,039 |
20,773,437 |
19,458,934 |
Accounts
|
DATE OF LATEST ACCOUNTS |
BALANCE TOTAL |
NUMBER OF EMPLOYEES |
CAPITAL |
CASHFLOW |
|
30/09/2013 |
28,951,208 |
41 |
250,000 |
1,953,606 |
|
30/09/2012 |
31,234,437 |
40 |
250,000 |
1,040,943 |
|
30/09/2011 |
30,326,030 |
36 |
250,000 |
2,276,058 |
TRENDS
|
Profitability |
|
|
Liquidity |
|
|
Net worth |
|
Payment expectations
Past
payments
Payment
expectation days 19.94
Industry
average payment expectation days 99.24
Industry
average day sales outstanding 392.11
Day sales outstanding 62.16
Company information
|
Business number |
415013213 |
Company
name |
SADEL
NV |
|
Fax number |
093801842 |
Date
founded |
10/11/1975 |
|
Company status |
active |
Company
type |
Public
Limited Liability |
|
|
|
|
Company
(BE) |
|
Currency |
Euro
(€) |
Date
of latest accounts |
30/09/2013 |
|
Activity code |
70220 |
Liable
for VAT |
yes |
|
Activity description |
Engaged in Wholesale Distribution of
Stainless Steel Tubes, Bars, Sheets and Appliances |
VAT
Number |
BE.0415.013.213
Check VAT
number |
|
Belgian Bullettin of Acts Publications |
moniteur
beige |
|
|
Product Details :-
Flanges
·
DIN
ANSI
AFNOR
Welded Fittings
·
Elbows
Tees
Reducers
Collars
Caps
Threated Fittings
·
Thread Bsp
Tubes
Welded
Seamless
Food Industry
Square
Rectangular
Bars
·
Flat
Round
Angle
Square
T-Profile
Plates
·
Cold Or Hot
Rolled
Trenched
Perforated
Ball Valves
·
2 Pieces
3 Pieces
Screwed End
Butt Welded End
Fanged
Food Industry
·
Pipes
Fittings
Elbows
Clamps
Tees
Valves
No-Return Valves
Sight Glasses
Contractor details
Registered contractor number 052412
Contractor description Pose
de câbles et de canalisations diverses
Date struck off register 10/10/1996
00:00:00
Social Balance Sheet
|
Social Balance Sheet |
Total |
|
|
|
|
|
|
During the reporting year
ended 30-09-2013 |
||
|
Full-time Employees |
32 |
|
|
Part-time Employees |
11 |
|
|
Total Fte Employees |
40 |
|
|
|
||
|
Number of hours worked |
||
|
Full-time Employees |
51,565 |
|
|
Part-time Employees |
14,037 |
|
|
Total |
65,602 |
|
|
|
||
|
Personnel Charges |
||
|
Full-time Employees |
1,738,624 |
|
|
Part-time Employees |
473,289 |
|
|
Total |
2,211,913 |
|
|
Benefits In Addition To Wages |
||
|
|
||
|
During the previous reporting
year |
|
|
|
Average number employees in
Fte |
40 |
|
|
Actual working hours |
64,078 |
|
|
Personnel Charges |
2,103,399 |
|
|
Benefits In Addition To Wages |
||
|
Type of Contract |
Full-Time |
Part-Time |
Total Fte |
|
|
Unlimited Duration |
33 |
11 |
41 |
|
|
Contracts |
|
|
|
|
|
Limited Duration Contracts |
-- |
-- |
-- |
|
|
Contracts For Specific |
- |
- |
- |
|
|
Work |
|
|
|
|
|
Contracts Regarding |
- |
- |
- |
|
|
Substitution |
|
|
|
|
|
|
||||
|
Gender and Education |
|
|
|
|
|
Level |
|
|
|
|
|
Men |
Full-Time |
Part-Time |
Total Fte |
|
|
Primary education |
1 |
- |
1 |
|
|
Secondary education |
18 |
3 |
20 |
|
|
Higher education (non |
6 |
- |
6 |
|
|
university) |
|
|
|
|
|
Higher education |
- |
- |
- |
|
|
(university) |
|
|
|
|
|
Women |
Full-Time |
Part-Time |
Total Fte |
|
|
Primary education ... |
||||
|
Secondary education |
2 |
2 |
3 |
|
|
Higher education (non |
6 |
6 |
11 |
|
|
university) |
|
|
|
|
|
Higher education |
- |
- |
- |
|
|
(university) |
|
|
|
|
|
|
|
|
|
|
|
Working Category |
Full-Time |
Part-Time |
Total Fte |
|
|
Management |
1 |
1 |
2 |
|
|
White collar worker |
17 |
8 |
23 |
|
|
Blue collar worker |
15 |
2 |
16 |
|
|
Other |
||||
|
|
||||
|
Temporary personnel |
|
Total |
|
|
|
Average number of temporary staff |
1 |
|
|
|
|
Actual working hours |
|
1,936 |
|
|
|
Cost of temporary staff |
|
40,352 |
|
|
|
|
||||
|
|
||||
|
New staff and leavers |
Full-Time |
Part-Time |
Total Fte |
|
|
New Starters |
1 |
- |
1 |
|
|
Leavers |
1 |
- |
1 |
|
|
|
||||
|
Total of formal continuing
vocational training initiatives |
|
|
|
|
|
|
|
|
|
for workers paid by the
employer |
Male |
Female |
|
|
Number of employees |
4 |
6 |
|
|
Number of training hours |
140 |
152 |
|
|
Net costs for enterprise |
4,118 |
4,813 |
|
|
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 |
- |
- |
|
Joint Industrial Committee
(JIC)
JlC Code 149.04
Description Joint subcommittee for the trade in metals
|
JIC Code |
218 |
|
Description category |
Additional
national joint committee for the employees |
Significant Events
|
|
|
Event Date |
30/03/2013 |
|
Event Description |
re-appointment
of director(s) |
|
Event Details |
Commentaar
30-03-2013: Herbenoemd als bestuurders voor een periode van een jaar : Geert
Blancke en NV T.I.A. |
COMPANY ACCOUNTS
Comparison Mode
·
Average Median Export
accounts to CSV File
Profit & Loss
|
Annual accounts |
30-09-2013 |
% |
30-09-2012 |
% |
30-09-2011 |
Industry
average 2013 |
% |
|
Weeks |
52 |
|
52 |
|
52 |
|
|
|
Currency |
EUR |
|
EUR |
|
EUR |
|
|
|
Turnover |
52,527,595 |
-10.45 |
58,658,495 |
-4.47 |
61,403,775 |
2,344,562 |
2140 |
|
Total operating expenses |
50,385,194 |
-13.26 |
58,085,048 |
-0.58 |
58,424,906 |
2,081,258 |
2320 |
|
Operating result |
2,142,401 |
273 |
573,447 |
-80.75 |
2,978,869 |
76,469 |
2701 |
|
Total financial income |
552,010 |
-41.70 |
946,825 |
-36.70 |
1,495,848 |
108,304 |
409 |
|
Total financial expenses |
460,441 |
-25.99 |
622,160 |
-60.56 |
1,577,678 |
39,761 |
1058 |
|
Results on ordinary operations before taxation |
2,233,970 |
148 |
898,112 |
-69.00 |
2,897,039 |
133,912 |
1568 |
|
Taxation |
531,365 |
587 |
77,234 |
-90.40 |
804,337 |
27,112 |
1859 |
|
Results on ordinary operations after taxation |
1,702,605 |
107 |
820,878 |
-60.77 |
2,092,702 |
111,260 |
1430 |
|
Extraordinary items |
0 |
0 |
-1,753 |
14.64 |
-11,976 |
34,196 |
-100 |
|
Other appropriations |
2627 |
1.70 |
2583 |
-20.47 |
3248 |
- |
- |
|
Net result |
1,705,232 |
107 |
821,708 |
-60.57 |
2,083,974 |
145,198 |
1074 |
|
OTHER INFORMATION |
|
|
|
|
|
|
|
|
Gross Operating Margin |
- |
- |
- |
- |
- |
96,470 |
- |
|
Dividends |
- |
- |
- |
- |
- |
722,952 |
- |
|
Director remuneration |
- |
- |
- |
- |
- |
456,956 |
- |
|
Employee costs |
2,211,913 |
5.16 |
2,103,399 |
18.38 |
1,776,893 |
566,416 |
290 |
|
Wages and salary |
1,432,759 |
5.92 |
1,352,736 |
16.23 |
1,163,892 |
477,490 |
200 |
|
Employee pension costs |
- |
- |
- |
- |
- |
71,472 |
- |
|
Social security contributions |
590,224 |
8.80 |
542,500 |
16.94 |
463,923 |
142,394 |
314 |
|
Other employee costs |
188,930 |
-9.24 |
208,163 |
39.63 |
149,078 |
10,666 |
1671 |
|
Amortization and depreciation |
248,374 |
13.29 |
219,235 |
14.13 |
192,084 |
42,190 |
488 |
Balance Sheet
|
Annual
accounts |
30-09-2013 |
% |
30-09-2012 |
% |
30-09-2011 |
Industry
average 2013 |
% |
|
Weeks |
52 |
|
52 |
|
52 |
|
|
|
Currency |
EUR |
|
EUR |
|
EUR |
|
|
|
Intangible
fixed assets |
29,658 |
- |
40,458 |
- |
51,258 |
26,082 |
13.71 |
|
Tangible
fixed assets |
1,309,165 |
-2.94 |
1,348,876 |
-2.08 |
1,377,497 |
552,872 |
136 |
|
Land
& building |
1,016,356 |
-9.93 |
1,128,428 |
-9.06 |
1,240,874 |
585,378 |
73.62 |
|
Plant
& machinery |
175,232 |
32.56 |
132,192 |
203 |
43,504 |
395,642 |
-55.71 |
|
Furniture
& Vehicles |
117,577 |
33.22 |
88,256 |
-5.22 |
93,119 |
21,739 7,365 |
440 |
|
Leasing
& Other Similar Rights |
- |
- |
- |
- |
- |
89,274 10,889 |
- |
|
Other
tangible assets |
0 |
- |
0 |
- |
0 |
41,603 |
-100 |
|
Financial
fixed assets |
41,221 |
0 |
41,221 |
-70.51 |
139,764 |
3,989,778 |
-98.97 |
|
Total
fixed assets |
1,380,044 |
-3.53 |
1,430,555 |
-8.80 |
1,568,519 |
2,663,086 |
-48.18 |
|
Inventories |
8,909,827 |
-34.23 |
13,547,675 |
66.16 |
8,153,535 |
464,830 |
1816 |
|
LONG TERM
DEBTS AND LIABILITIES |
|
|
|
|
|
|
|
|
Raw
materials & consumables |
- |
- |
- |
- |
- |
958,457 |
- |
|
Work
in progress |
0 |
- |
0 |
- |
0 |
16,697 |
-100 |
|
Finished
goods |
6,289,295 |
-35.28 |
9,717,703 |
19.18 |
8,153,535 |
2,171 |
289595 |
|
Other
stocks |
2,620,532 |
-31.58 |
3,829,972 |
- |
0 |
23,281 |
11156 |
|
Trade
debtors |
8,945,959 |
-12.45 |
10,217,569 |
-26.01 |
13,809,338 |
88,747 |
9980 |
|
Cash |
6,780,306 |
190 |
2,335,319 |
-38.66 |
3,807,000 |
173,243 |
3813 |
|
other
amounts receivable |
10,218 |
-98.55 |
703,359 |
444 |
129,193 |
693,013 |
-98.53 |
|
Miscellaneous
current assets |
2,924,854 |
-2.50 |
2,999,960 |
4.95 |
2,858,445 |
197,666 |
1379 |
|
Total
current assets |
27,571,164 |
-7.49 |
29,803,882 |
3.64 |
28,757,511 |
1,189,045 |
2218 |
|
Total
Assets |
28,951,208 |
-7.31 |
31,234,437 |
3.00 |
30,326,030 |
3,666,171 284,082 |
689 |
|
CURRENT LIABILITIES |
|
|
|
|
|
|
|
|
Trade
creditors |
2,752,723 |
-35.19 |
4,247,591 |
13.16 |
3,753,605 |
67,565 |
3974 |
|
Short
term group loans |
- |
- |
- |
- |
- |
- |
- |
|
Financial
debts |
517,120 |
-83.01 |
3,044,561 |
8.17 |
2,814,484 |
519,157 9,543 |
-0.39 |
|
Current
portion of long term debt |
66,105 |
0 |
66,105 |
0 |
66,105 |
188,572 18,000 |
-64.94 |
|
Amounts
Payable for Taxes, Remuneration & Social Security |
1,188,362 |
90.58 |
623,564 |
-18.01 |
760,497 |
9,002 - |
2410 |
|
Miscellaneous
current liabilities |
1,036,608 |
-29.59 |
1,472,142 |
-22.68 |
1,903,886 |
202 |
— |
|
Total
current liabilities |
5,560,918 |
-41.18 |
9,453,963 |
1.67 |
9,298,577 |
634,445 |
776 |
|
Long
term group loans |
- |
- |
- |
- |
- |
- |
— |
|
Other
long term loans |
38,562 |
-63.16 |
104,667 |
-38.71 |
170,772 |
-94.96 |
— |
|
Deffered
taxes |
92 |
-96.62 |
2,719 |
-48.72 |
5,302 |
53,816 16,562 |
-99 |
|
Provisions
for Liabilities & Charges |
0 |
-100 |
26,684 |
0 |
26,684 |
21,780 0 |
-100 |
|
Other
long term liabilities |
0 |
- |
0 |
- |
0 |
42,823 |
-100 |
|
Total
long term debts |
38,654 |
-71.17 |
134,070 |
-33.88 |
202,758 |
430,902 |
-91.03 |
|
SHAREHOLDERS EQUITY |
|
|
|
|
|
|
|
|
Issued
share capital |
250,000 |
0 |
250,000 |
0 |
250,000 |
1,764,003 |
-85.83 |
|
Share
premium account |
- |
- |
- |
- |
- |
6,060,876 |
- |
|
Reserves |
23,101,636 |
7.97 |
21,396,404 |
3.99 |
20,574,695 |
625,029 |
3596 |
|
Revaluation
reserve |
- |
- |
- |
- |
- |
1,272,137 |
- |
|
Total
shareholders equity |
23,351,636 |
7.88 |
21,646,404 |
3.95 |
20,824,695 |
2,596,831 |
799 |
|
Working
capital |
22,010,246 |
8.16 |
20,349,919 |
4.58 |
19,458,934 |
554,600 |
3868 |
|
Cashflow |
1,953,606 |
87.68 |
1,040,943 |
-54.27 |
2,276,058 |
181,953 |
973 |
|
Net
worth |
23,321,978 |
7.94 |
21,605,946 |
4.01 |
20,773,437 |
2,569,052 |
807 |
Ratio
Analysis
|
Annual
accounts |
30-09-2013 |
change(%) |
30-09-2012 |
change(%) |
30-09-2011 |
Industry
average 2013 |
% |
|
TRADING PERFORMANCE |
|
|
|
|
|
|
|
|
Profit
Before Tax |
4.25 |
177 |
1.53 |
-67.58 |
4.72 |
111,00 |
-96.17 |
|
Return
on capital employed |
9.55 |
131 |
4.12 |
-70.10 |
13.78 |
29,00 |
-67.07 |
|
Return
on total assets employed |
7.72 |
168 |
2.88 |
-69.84 |
9.55 |
-32,00 |
24.12 |
|
Return
on net assets employed |
9.57 |
130 |
4.15 |
-70.17 |
13.91 |
46,00 |
-79.20 |
|
Sales
/ net working capital |
2.39 |
-17.01 |
2.88 |
-8.86 |
3.16 |
19.489,00 |
-99 |
|
Stock
turnover ratio |
16.96 |
-26.58 |
23.10 |
73.95 |
13.28 |
268,00 |
-93.67 |
|
Debtor
days |
62.16 |
-2.23 |
63.58 |
-22.55 |
82.09 |
864,00 |
-92.81 |
|
Creditor
days |
19.94 |
-25.29 |
26.69 |
13.82 |
23.45 |
96,00 |
-79.23 |
|
SHORT TERM STABILITY |
|
|
|
|
|
|
|
|
Current
ratio |
4.96 |
57.46 |
3.15 |
1.94 |
3.09 |
55,00 |
148 |
|
Liquidity
ratio / acid ratio |
3.36 |
95.35 |
1.72 |
-22.52 |
2.22 |
55,00 |
-93.89 |
|
Current
debt ratio |
0.24 |
-45.45 |
0.44 |
-2.22 |
0.45 |
2,00 |
-88.00 |
|
Liquidity
ratio reprocessed |
- |
- |
- |
- |
- |
- |
- |
|
LONG TERM STABILITY |
|
|
|
|
|
|
|
|
Gearing |
2.66 |
-82.09 |
14.85 |
1.37 |
14.65 |
182,00 |
-98.54 |
|
Equity
in percentage |
80.74 |
16.36 |
69.39 |
0.87 |
68.79 |
-1.410,00 |
5.73 |
|
Total
debt ratio |
0.24 |
-45.45 |
0.44 |
-4.35 |
0.46 |
3,00 |
-92.00 |
Industry
comparison
Activity code 70220
Activity description Engaged in
Wholesale Distribution of Stainless Steel Tubes,
Bars, Sheets and Appliances
Payment Information Summary
Total number of Invoices available 7
Total number of Invoices paid within or up to 30 days after the due date 2
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
0
Total number of Invoices currently outstanding beyond the due date 5
Payment
expectations
|
Payment expectation days |
19.94 |
|
Day sales outstanding |
62.16 |
Industry comparison
|
Activity code |
70220 |
|
Activity description |
Engaged in Wholesale Distribution of
Stainless Steel Tubes, Bars, Sheets and Appliances |
|
Industry average payment expectation days |
99.24 |
|
Industry average day sales outstanding |
392.11 |
Industry quartile analysis
|
Payment expectations |
|
|
Company result |
19.94 |
|
Lower |
117.52 |
|
Median |
58.52 |
|
Upper |
27.63 |
|
Day sales outstanding |
|
|
Company result |
62.16 |
|
Lower |
67.42 |
|
Median |
24.07 |
|
Upper |
7.81 |
Shareholder Details
Summary
Group - Number of Companies 2
Linkages - Number of Companies 0
Number of Countries 0
Group
Structure
|
Company name |
Number |
Latest financials |
|
SADEL
NV |
415013213 |
30-09-2013 |
|
ATINOX SPRL |
-- |
--- |
Minority Shareholders
No minority shareholders found
Minority Interests
No minority interests found
Court data
NSSO details
Business number 415013213
Bankruptcy details
There is no
bankruptcy data against this company
Bankruptcy Data
Court Data
there is no data
for this company
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.59.95 |
|
UK Pound |
1 |
Rs.102.78 |
|
Euro |
1 |
Rs.81.39 |
INFORMATION DETAILS
|
Analysis Done by
: |
KAR |
|
|
|
|
Report Prepared
by : |
MNL |
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.