|
Report Date : |
02.05.2014 |
IDENTIFICATION DETAILS
|
Name : |
OGALAS LIMITED |
|
|
|
|
Registered Office : |
Unit 4 Parkway House, Ballymount Drive, Dublin 12, 216410 |
|
|
|
|
Country : |
Ireland |
|
|
|
|
Financials (as on) : |
31.01.2013 |
|
|
|
|
Date of Incorporation : |
23.02.2004 |
|
|
|
|
Com. Reg. No.: |
IE382168 |
|
|
|
|
Legal Form : |
Limited Company |
|
|
|
|
Line of Business : |
Wholesaler of household goods (other than musical instruments) n.e.c. |
|
|
|
|
No of Employees : |
277 |
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) |
|
Ireland |
B1 |
B1 |
|
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 |
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. Ireland entered into a recession in 2008 for the first time in more than a decade, with the subsequent collapse of its domestic property market and construction industry. 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 an even more important 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 to stabilize Ireland’s public finances. 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 country’s deeply troubled banking sector. In late 2010, the former COWEN government agreed to a $92 billion loan package from the EU and IMF to help Dublin recapitalize Ireland’s fragile 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 has grown slowly since 2011, but managed to reduce the budget deficit to 7.2% of GDP in 2013. In late 2013, Ireland formally exited its EU-IMF bailout program, benefiting from its strict adherence to deficit-reduction targets and success in refinancing a large amount of banking-related debt
|
Source
: CIA |
|
Company
Name: |
OGALAS LIMITED |
|
Company
No: |
IE382168 |
|
Registered
Address: |
UNIT 4 PARKWAY HOUSE |
|
BALLYMOUNT DRIVE |
|
|
DUBLIN 12 |
|
|
216410 |
|
Registered Address |
UNIT 4 PARKWAY HOUSE |
Trading Address |
UNIT 4 PARKWAY HOUSE |
|
BALLYMOUNT DRIVE |
BALLYMOUNT DRIVE |
||
|
DUBLIN 12 |
DUBLIN 12 |
||
|
|
216410 |
216410 |
|
|
Website Address |
-- |
|
|
|
Telephone Number |
|||
|
TPS |
No |
Fax Number |
|
|
Incorporation Date |
23.02.2004 |
FPS |
No |
|
Previous Name |
|||
|
Type |
Private limited with Share
Capital |
||
|
Date of Change |
FTSE Index |
||
|
Currency |
EUR |
||
|
SIC07 |
46499 |
Filing Date of Accounts |
|
|
Share Capital |
|||
|
SIC07 Description |
WHOLESALE OF HOUSEHOLD GOODS (OTHER
THAN MUSICAL INSTRUMENTS) N.E.C. |
||
|
Principal Activity |
The sale of household goods
and related accessories. |
||
Commentary
|
No
exact match CCJs are recorded against the company. |
|
There
has been no significant change in the company's credit rating. |
|
Sales
in the latest trading period increased 31% on the previous trading period. |
|
Net
Worth increased by 22.2% during the latest trading period. |
|
A
33.9% growth in Total Assets occurred during the latest trading period. |
|
Pre-tax
profits increased by 84% compared to the previous trading period. |
|
The
company saw an increase in their Cash Balance of 999.9% during the latest
trading period. |
|
The
audit report contains no adverse comments. |
|
The
company has undergone recent changes in its directorships. |
|
The
company is not part of a group. |
|
The
company was established over 9 years ago. |
CJ
Total Number of Exact CJs - 0 Total Value of Exact CJs - €0
Total Number of Possible CJs -0 Total Value of Possible CJs - €0
Total Number of Satisfied CJs -0 Total Value of Satisfied CJs - €0
Possible CJ Details
There are no possible CJ details
Total Current Directors 3
Total Current Secretaries 1
Total Previous Directors / Company Secretaries 11
Current Directors
|
Name |
JOHN NOONAN Date of Birth |
12/06/1962 |
|
Officers
Title |
Nationality |
|
|
Present
Appointments |
19 Function |
Director |
|
Appointment
Date |
06/04/2004 |
|
|
Address |
97A HIGHFIELD PARK, DUNDRUM, DUBLIN 14 |
|
|
Name |
DANIEL
A. MAHER Date of Birth |
18/10/1961 |
|
|
Officers
Title |
Nationality |
|
|
|
Present
Appointments |
4
Function |
Director |
|
|
Appointment
Date |
23/02/2004 |
|
|
|
Address |
12
KILTERAGH PINES WESTMINSTER ROAD, FOXROCK, DUBLIN |
|
|
|
|
|
|
|
|
Name |
JONATHAN
STANLEY Date of Birth |
06/04/1961 |
|
|
Officers
Title |
Nationality |
|
|
|
Present
Appointments |
12
Function |
Director |
|
|
Appointment
Date |
23/02/2004 |
|
|
|
Address |
GARRAVOGUE,
4 HAINAULT PARK ROAD, FOXROCK, DUBLIN 18 |
|
|
|
|
|
|
|
|
Current
Company Secretary |
|
|
|
|
Name |
ADRIAN
DEMPSEY Date of Birth |
- |
|
|
Officers
Title |
Nationality |
|
|
|
Present
Appointments |
1 Function |
Company Secretary |
|
|
Appointment
Date |
19/09/2013 |
|
|
|
Address |
35
WOODSIDE, RATHFARNHAM, DUBLIN 14 |
|
|
|
Top
20 Shareholders |
|
|
|
|
Name |
Currency Share Count Share Type |
|
Nominal
Value |
|
KARUMPA
LIMITED |
EUR 4,588 ORDINARY |
|
0.01 |
|
DURINICUM
(CONSULTANCY) LTD |
EUR 3,651 ORDINARY |
|
0.01 |
|
JONATHAN
JONATHAN |
EUR 1,560 ORDINARY |
|
0.01 |
|
DON
MAHER |
EUR 1,289 ORDINARY |
|
0.01 |
|
JOHN
PEDRESCHI |
EUR 584 ORDINARY |
|
0.01 |
|
FLORENCE
CLARKE |
EUR 475 ORDINARY |
|
0.01 |
|
AVRIL
DOWLEY |
EUR 266 ORDINARY |
|
0.01 |
|
KARUMPA
LIMITED |
EUR 1 REDEEMABLE
PREFERRED |
0.01 |
|
Profit & Loss
|
Date Of Accounts |
31/01/13 |
(%) |
31/01/12 |
(%) |
31/01/11 |
(%) |
31/01/10 |
(%) |
31/01/09 |
|
Weeks |
52 |
(%) |
52 |
(%) |
52 |
(%) |
52 |
(%) |
52 |
|
Currency |
EUR |
(%) |
EUR |
(%) |
EUR |
(%) |
EUR |
(%) |
EUR |
|
Consolidated
A/cs |
N |
(%) |
N |
(%) |
N |
(%) |
N |
(%) |
N |
|
Turnover |
€53,275,641 |
31% |
€40,671,346 |
33.4% |
€30,479,092 |
28.2% |
€23,777,415 |
8.9% |
€21,839,649 |
|
Export |
- |
- |
- |
- |
- |
- |
- |
- |
- |
|
Cost
of Sales |
€31,736,393 |
33.2% |
€23,829,912 |
33.2% |
€17,883,671 |
28.7% |
€13,898,499 |
12.3%
€12,378,373 |
|
|
Gross
Profit |
€21,539,248 |
27.9% |
€16,841,434 |
33.7% |
€12,595,421 |
27.5% |
€9,878,916 |
4.4% |
€9,461,276 |
|
Wages
& Salaries |
€7,506,220 |
26% |
€5,957,411 |
26.9% |
€4,694,431 |
27.9% |
€3,670,292 |
5.7% |
€3,473,747 |
|
Directors
Emoluments |
€1,038,198 |
29.4% |
€802,400 |
28.6% |
€623,996 |
15.2% |
€541,876 |
15.8% |
€468,000 |
|
Operating
Profit |
€3,537,626 |
85.9% |
€1,903,345 |
384% |
€393,267 |
151% |
-€771,218 |
18.7%
-€948,642 |
|
|
Depreciation |
€1,410,114 |
9.7% |
€1,285,998 |
26% |
€1,020,395 |
6.8% |
€955,415 |
5.8% |
€903,254 |
|
Audit
Fees |
€23,000 |
70.4% |
€13,500 |
- |
€13,500 |
- |
€13,500 |
- |
€13,500 |
|
Interest
Payments |
€60,520 |
59.1% |
€38,040 |
- |
- |
- |
- |
- |
- |
|
Pre
Tax Profit |
€3,492,404 |
84% |
€1,898,105 |
368.4% |
€405,191 |
155.1% |
-€735,951 |
7.6% |
-€796,063 |
|
Taxation |
-€488,562 |
-534.3% |
€112,484 |
- |
- |
- |
- |
- |
- |
|
Profit
After Tax |
€3,003,842 |
49.4% |
€2,010,589 |
396.2%
€405,191 |
155.1%
-€735,951 |
7.6% |
-€796,063 |
||
|
Dividends
Payable |
- |
- |
- |
- |
- |
- |
- |
- |
- |
|
Retained
Profit |
€3,003,842 |
49.4% |
€2,010,589 |
396.2% |
€405,191 |
155.1% |
-€735,951 |
7.6% |
-€796,063 |
Balance Sheet
|
Date Of Accounts |
31/01/13 |
(%) |
31/01/12 |
(%) |
31/01/11 |
(%) |
31/01/10 |
(%) |
31/01/09 |
|
Tangible Assets |
€9,862,293 |
24.4% |
€7,928,460 |
14% |
€6,954,897 |
13.9% |
€6,106,773 |
-11.6% |
€6,911,953 |
|
Intangible Assets |
0 |
- |
0 |
- |
0 |
-100% |
€3,571 |
-21.4% |
€4,545 |
|
Total Fixed Assets |
€9,862,293 |
24.4% |
€7,928,460 |
14% |
€6,954,897 |
13.8% |
€6,110,344 |
-11.7% |
€6,916,498 |
|
Stock |
€8,780,239 |
8.5% |
€8,092,567 |
62.1% |
€4,992,228 |
41% |
€3,539,971 |
10.9% |
€3,191,538 |
|
Trade Debtors |
0 |
- |
0 |
- |
0 |
- |
0 |
- |
0 |
|
Cash |
€5,111,143 |
999.9% |
€425,334 |
-79.8% |
€2,109,891 |
-32.5% |
€3,124,502 |
-13.8% |
€3,625,824 |
|
Other Debtors |
€2,099,960 |
-26.5% |
€2,855,859 |
59.3% |
€1,792,567 |
-8% |
€1,948,471 |
12.5% |
€1,732,262 |
|
Miscellaneous Current Assets |
0 |
- |
0 |
- |
0 |
- |
0 |
- |
0 |
|
Total Current Assets |
€15,991,342 |
40.6% |
€11,373,760 |
27.9% |
€8,894,686 |
3.3% |
€8,612,944 |
0.7% |
€8,549,624 |
|
Trade Creditors |
€2,280,288 |
-18.2% |
€2,787,734 |
21.2% |
€2,300,086 |
15.9% |
€1,983,883 |
22% |
€1,626,626 |
|
Bank Loans & Overdrafts |
0 |
- |
0 |
- |
0 |
- |
0 |
- |
0 |
|
Other Short Term Finance |
0 |
- |
0 |
- |
0 |
- |
0 |
- |
0 |
|
Miscellaneous Current Liabilities |
€5,354,255 |
276.8% |
€1,420,891 |
-20.3% |
€1,783,438 |
51.5% |
€1,177,244 |
-14.2% |
€1,372,164 |
|
Total Current Liabilities |
€7,634,543 |
81.4% |
€4,208,625 |
3.1% |
€4,083,524 |
29.2% |
€3,161,127 |
5.4% |
€2,998,790 |
|
Bank Loans & Overdrafts and LTL |
€1,665,032 |
7.9% |
€1,543,377 |
581.6% |
€226,430 |
-47.1% |
€427,723 |
-28.3% |
€596,943 |
|
Other Long Term Finance |
€1,330,000 |
- |
€1,330,000 |
- |
0 |
- |
0 |
- |
0 |
|
Total Long Term Liabilities |
€1,665,032 |
7.9% |
€1,543,377 |
581.6% |
€226,430 |
-47.1% |
€427,723 |
-28.3% |
€596,943 |
Capital &
reserves
|
Date Of Accounts |
31/01/13 |
(%) |
31/01/12 |
(%) |
31/01/11 |
(%) |
31/01/10 |
(%) |
31/01/09 |
|
Called Up Share Capital |
€124 |
- |
€124 |
- |
€124 |
-- |
€124 |
-- |
€124 |
|
P& L Account
Reserve |
€637,518 |
126.9% |
-€2,366,324 |
45.9% |
-€4,376,913 |
8.5% |
-€4,782,104 |
-18.2% |
-€4,046,153 |
|
Revaluation Reserve |
-- |
-- |
-- |
-- |
-- |
-- |
-- |
-- |
-- |
|
Sundry Reserves |
€15,916,418 |
-- |
€15,916,418 |
-- |
€15,916,418 |
-- |
- €15,916,418 |
-- |
€15,916,418 |
|
Shareholder Funds |
€16,554,060 |
22.2% |
€13,550,218 |
17.4% |
€11,539,629 |
3.6% |
€11,134,438 |
-6.2% |
€11,870,389 |
Other Financial Items
|
Date Of Accounts |
31/01/13 |
(%) |
31/01/12 |
(%) |
31/01/11 |
(%) |
31/01/10 |
(%) |
31/01/09 |
|
Net Worth |
€16,554,060 |
22.2% |
€13,550,218 |
17.4% |
€11,539,629 |
3.7% |
€11,130,867 |
-6.2% |
€11,865,844 |
|
Working Capital |
€8,356,799 |
16.6% |
€7,165,135 |
48.9% |
€4,811,162 |
-11.8% |
€5,451,817 |
-1.8% |
€5,550,834 |
|
Total Assets |
€25,853,635 |
33.9% |
€19,302,220 |
21.8% |
€15,849,583 |
7.6% |
€14,723,288 |
-4.8% |
€15,466,122 |
|
Total Liabilities |
€9,299,575 |
61.7% |
€5,752,002 |
33.5% |
€4,309,954 |
20.1% |
€3,588,850 |
-0.2% |
€3,595,733 |
|
Net Assets |
€16,554,060 |
22.2% |
€13,550,218 |
17.4% |
€11,539,629 |
3.6% |
€11,134,438 |
-6.2% |
€11,870,389 |
Cash Flow
|
Date Of Accounts |
31/01/13 |
(%) |
31/01/12 |
(%) |
31/01/11 |
(%) |
31/01/10 |
(%) |
31/01/09 |
|
Net Cashflow from Operations |
€8,131,039 |
999.9% |
-€742,240 |
-188.2%
|
€841,984 |
317.9%
|
-€386,354 |
51.4% |
-€795,450 |
|
Net Cashflow before Financing |
€4,685,809 |
255.4% |
-€3,014,557 |
-197.1%
|
-€1,014,611 |
-102.4% |
-€501,322 |
75.1% |
-€2,016,290 |
|
Net Cashflow from Financing |
-- |
-100% |
€1,330,000 |
-- |
-- |
-- |
-- |
-- |
-- |
|
Increase in Cash |
€4,685,809 |
378.2% |
-€1,684,557 |
-66% |
-€1,014,611 |
-102.4% |
-€501,322 |
75.1% |
-€2,016,290 |
Miscellaneous
|
Date Of Accounts |
31/01/13 |
(%) |
31/01/12 |
(%) |
31/01/11 |
(%) |
31/01/10 |
(%) |
31/01/09 |
|
Contingent
Liability |
No |
-- |
No |
-- |
No |
-- |
No |
-- |
No |
|
Capital
Employed |
€18,219,092 |
20.7% |
€15,093,595 |
28.3% |
€11,766,059 |
1.8% |
€11,562,161 |
-7.3% |
€12,467,332 |
|
Number
of Employees |
277 |
30.7% |
212 |
24.7% |
170 |
39.3% |
122 |
-6.2% |
130 |
|
Auditors |
MAZARS |
||||||||
|
Auditor
Comments |
The audit report
contains no adverse comments |
||||||||
|
Bankers |
ALLIED IRISH BANK
PLC |
||||||||
|
Bank Branch Code |
93-33-84 |
||||||||
Rations
|
Date Of Accounts |
31/01/13 |
31/01/12 |
31/01/11 |
31/01/10 |
31/01/09 |
|
Pre-tax profit
margin % |
6.56 |
4.67 |
1.33 |
-3.10 |
-3.65 |
|
Current ratio |
2.09 |
2.70 |
2.18 |
2.72 |
2.85 |
|
Sales/NetWorking
Capital |
6.38 |
5.68 |
6.34 |
4.36 |
3.93 |
|
Gearing % |
10.10 |
11.40 |
2 |
3.80 |
5 |
|
Equity in % |
64 |
70.20 |
72.80 |
75.60 |
76.80 |
|
Creditor Days |
15.57 |
24.94 |
27.46 |
30.37 |
27.11 |
|
Debtor Days |
- |
- |
- |
- |
- |
|
Liquidity/Acid Test |
0.94 |
0.77 |
0.95 |
1.60 |
1.78 |
|
Return On Capital
Employed % |
19.16 |
12.57 |
3.44 |
-6.36 |
-6.38 |
|
Return On Total
Assets Employed % |
13.50 |
9.83 |
2.55 |
^.99 |
-5.14 |
|
Current Debt Ratio |
0.46 |
0.31 |
0.35 |
0.28 |
0.25 |
|
Total Debt Ratio |
0.56 |
0.42 |
0.37 |
0.32 |
0.30 |
|
Stock Turnover
Ratio % |
16.48 |
19.89 |
16.37 |
14.88 |
14.61 |
|
Return on Net
Assets Employed % |
21.09 |
14 |
3.51 |
-6.60 |
-6.70 |
Status History
No
Status History found
Event History
|
Date |
Description |
|
06/01/2014 |
New Accounts Filed |
|
06/01/2014 |
New Accounts Filed |
|
04/01/2014 |
Annual Returns |
|
19/09/2013 |
DANIEL ANDREW MAHER
has resigned as company secretary |
|
19/09/2013 |
New Company
Secretary (ADRIAN DEMPSEY) appointed |
|
16/09/2013 |
NEIL DURKAN has left
the board |
|
08/03/2013 |
MATTHEW GEORGE
SMITH has left the board |
|
08/03/2013 |
MARIA PHILOMENA
THOMPSON has left the board |
|
20/12/2012 |
New Accounts Filed |
|
28/11/2012 |
Annual Returns |
|
17/01/2012 |
Annual Returns |
|
03/12/2011 |
New Accounts Filed |
|
22/11/2010 |
New Accounts Filed |
|
22/11/2010 |
New Accounts Filed |
|
13/11/2010 |
Annual Returns |
Previous Company Names
No
Previous Names found
Statistics
Group -
Linkages 0 companies
Countries In 0 countries
Summary
Holding Company -
Ownership Status
Ultimate Holding Company -
Group structure
No
group structure
Business Owner Links
|
Business Name |
Business No |
Business Status. |
|
OGALAS
LIMITED |
IE382168 |
|
|
HOME
STORE AND MORE |
253484 |
NORMAL |
|
HOME
STORE |
255285 |
NORMAL |
Statistics
Group 0 companies
Linkages 0 companies
Countries In 0 countries
Unregistered -
Exact CJ Details
No CJs found
Unregistered -
Possible CJ Details
No CJs found
Registered - Exact
CJ Details
No CJs found
Registered -
Possible CJ Details
No CJs found
Mortgage Details
Mortgage Type: A charge on
uncalled share capital of the company. A charge on land, wherever
situate,
or any intere
Date Charge
Created: 08/03/13
Date Charge
Registered: 11/03/13
Date Charge
Satisfied: -
Status: NOT SATISFIED
Person(s)
Entitled: ALLIED IRISH BANKS
PLC
Amount Secured:
Details: THE SECURED
OBLIGATIONS. CAPITALISED TERMS SHALL HAVE THE
MEANING GIVEN TO THEM IN THISDOCUMENT AND IN THE ANNEX
ATTACHED TO FORM C1.
Mortgage Type: A charge on
uncalled share capital of the company. A charge created or
evidenced
by an instrument wh
Date Charge
Created: 29/05/12
Date Charge
Registered: 06/06/12
Date Charge
Satisfied: -
Status: NOT SATISFIED
Person(s)
Entitled: ALLIED IRISH BANKS
PLC
Amount Secured:
Details:
Creditor
Details
Total Number Total
Value
Trade
Creditors 0
-
No
Creditor Data
Trade Debtors / Bad Debt Detail
Total Number of Documented Trade Total Value of Documented
Trade
Trade Debtors - -
No Debtor Data
Previous
Director/Company Secretaries
|
Name |
Current Directorships |
Previous Directorships |
|
DEBORAH
DELANEY |
579 |
8923 |
|
DEBORAH
DELANEY |
579 |
8923 |
|
SARAH
VAN DUSEN CARPENTER |
0 |
1 |
|
GERARD
EUGENE BRAZIL |
0 |
1 |
|
BRENDAN
DELANEY |
120 |
4244 |
|
NEIL
DURKAN |
47 |
29 |
|
DANIEL
ANDREW MAHER |
0 |
1 |
|
MARIA
PHILOMENA THOMPSON |
0 |
1 |
|
MATTHEW
GEORGE SMITH |
0 |
1 |
|
CLARE
CARROLL |
0 |
27 |
|
JONATHAN
STANLEY |
12 |
2 |
|
Average Invoice Value |
|
€115.68 |
|
|
Invoices available |
24 |
||
|
Paid |
23 |
||
|
Outstanding |
1 |
||
|
Trade Payment Data is
information that we collect from selected third party partners who send us
information about their whole sales ledger. |
|||
|
|
Within Terms |
0-30 Days |
31-60 Days |
61-90 Days |
91+Days |
|
Paid |
9 |
7 |
4 |
3 |
0 |
|
outstanding |
0 |
0 |
0 |
0 |
1 |
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs. 59.03 |
|
|
1 |
Rs. 98.91 |
|
Euro |
1 |
Rs. 80.33 |
INFORMATION DETAILS
|
Analysis Done by
: |
DIV |
|
|
|
|
Report Prepared
by : |
DPT |
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.