|
Report Date : |
28.05.2014 |
IDENTIFICATION DETAILS
|
Name : |
ARETS GRAPHICS NV |
|
|
|
|
Registered Office : |
Tunnelweg 3, 2845 Niel |
|
|
|
|
Country : |
Belgium |
|
|
|
|
Financials (as on) : |
31.12.2012 |
|
|
|
|
Date of Incorporation : |
15.12.1989 |
|
|
|
|
Com. Reg. No.: |
439245296 |
|
|
|
|
Legal Form : |
Public Limited Liability Company |
|
|
|
|
Line of Business : |
Manufacturer of paints, varnishes and similar coatings, printing ink and mastics |
|
|
|
|
No of Employees : |
78 |
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 – September 30, 2013
|
Country Name |
Previous Rating (30.09.2013) |
Current Rating (01.12.2013) |
|
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 |
|
Business number |
439245296 |
|
Company name |
ARETS
GRAPHICS NV |
|
Address |
TUNNELWEG
3 |
|
|
2845 NIEL |
|
Number of staff |
78 |
|
Date of establishment |
15/12/1
989 |
|
Telephone number |
038806767 |
|
Fax number |
038806798 |
The
business was established over 24 years ago.
The
business has 80 employees.
The
business is part of group.
The
business has been at the address for over 11 months.
Operating
Result in the latest trading period increased 765% on the previous trading
period.
Net
Worth increased by 39% during the latest trading period.
Pre-tax
profits increased by 1187% compared to the previous trading period.
The
business saw a decrease in their Cash Balance of 51 % during the latest trading
period
|
DATE OF LATEST ACCOUNTS |
TURNOVER |
PROFIT BEFORE TAX |
NET WORTH |
WORKING
CAPITAL |
|
31/12/2012 |
43,690,024 |
5,243,702 |
12,362,105 |
11,480,287 |
|
31/12/2011 |
36,765,061 |
407,202 |
8,878,751 |
9,534,673 |
|
31/12/2010 |
39,060,494 |
7,396,985 |
9,270,364 |
11,282,571 |
|
DATE OF LATEST ACCOUNTS |
BALANCE
TOTAL |
NUMBER OF EMPLOYEES |
CAPITAL |
CASHFLOW |
|
31/12/2012 |
25,219,618 |
78 |
2,100,000 |
4,117,408 |
|
31/12/2011 |
23,247,263 |
77 |
2,100,000 |
231,092 |
|
31/12/2010 |
24,477,417 |
76 |
2,100,000 |
5,196,571 |
|
Profitability |
|
Liquidity |
|
Net worth |
|
Past payments |
|
Payment expectation days |
17.21 |
|
Industry average payment
expectation days |
52.08 |
Industry average day
sales outstanding |
97.50 |
|
Day sales outstanding |
97.27 |
|
|
BANKRUPTCY DETAILS
Court action type no
PROTESTED BILLS
Bill amount -
NSSO DETAILS
Date of summons -
|
Business
number |
439245296 |
Company
name |
ARETS
GRAPHICS NV |
|
|
Fax number |
038806798 |
Date
founded |
15/12/1989 |
|
|
Company
status |
active |
Company
type |
Public
Limited Liability Company (BE) |
|
|
Currency |
Euro (€) |
Date of
latest accounts |
31/12/2012 |
|
|
Activity
code |
20300 |
Liable for
VAT |
yes |
|
|
Activity
description |
Manufacture
of paints, varnishes and similar coatings, printing ink and mastics |
VAT Number |
BE.0439.245.296
Check VAT number |
|
|
Belgian
Bullettin of Acts Publications |
moniteur
belge |
|
|
|
|
Contractor
details |
||||
|
Registered
contractor number |
- |
|
|
|
|
Contractor
description |
- |
|
|
|
|
Date
struck off register |
||||
Social Balance Sheet Details
|
Social
Balance Sheet |
Total |
|
During the
reporting year |
|
|
ended
31-12-2012 |
|
|
Full-time
Employees |
75 |
|
Part-time
Employees |
5 |
|
Total Fte
Employees |
79 |
|
|
|
|
Number of
hours worked |
|
|
Full-time
Employees |
116,656 |
|
Part-time
Employees |
5,945 |
|
Total |
122,601 |
|
|
|
|
Personnel
Charges |
|
|
Full-time
Employees |
4,007,974 |
|
Part-time
Employees |
204,254 |
|
Total |
4,212,229 |
|
Benefits
In Addition To Wages |
- |
|
|
|
|
During the
previous reporting year |
|
|
Average
number employees in Fte |
82 |
|
Actual
working hours |
128,967 |
|
Personnel
Charges |
3,860,504 |
|
Benefits
In Addition To Wages |
- |
|
Type of
Contract |
Full-Time |
Part-Time |
Total Fte |
|
|
Unlimited
Duration Contracts |
74 |
5 |
78 |
|
|
Limited
Duration Contracts |
- |
- |
- |
|
|
Contracts
For Specific Work |
- |
- |
- |
|
|
Contracts
Regarding Substitution |
- |
- |
- |
|
|
|
|
|
|
|
|
|
||||
|
Gender and
Education Level |
|
|
|
|
|
Men |
Full-Time |
Part-Time |
Total Fte |
|
|
Primary
education |
13 |
1 |
14 |
|
|
Secondairy
education |
41 |
- |
41 |
|
|
Higher education (non university) |
8 |
- |
8 |
|
|
Higher education (university) |
4 |
- |
4 |
|
|
Women |
Full-Time |
Part-Time |
Total Fte |
|
|
Primary
education |
- |
- |
- |
|
|
Secondairy
education |
6 |
4 |
9 |
|
|
Higher education (non university) |
2 |
- |
2 |
|
|
Higher education (university) |
- |
- |
- |
|
|
|
|
|
|
|
|
|
||||
|
Working
Category |
Full-Time |
Part-Time |
Total Fte |
|
|
Management |
- |
- |
- |
|
|
White
collar worker |
28 |
3 |
30 |
|
|
Blue
collar worker |
46 |
2 |
48 |
|
|
Other |
- |
- |
- |
|
|
|
|
|
|
|
|
|
||||
|
Temporary
personnel |
|
Total |
|
|
|
Average
number of temporary staff |
6 |
|
|
|
|
Actual
working hours |
|
12,052 |
|
|
|
Cost of
temporary staff |
|
262,616 |
|
|
|
|
|
|
|
|
|
|
||||
|
New staff
and leavers |
Full-Time |
Part-Time |
Total Fte |
|
|
New
Starters |
13 |
- |
13 |
|
|
Leavers |
11 |
1 |
12 |
|
|
|
|
|
|
|
|
Total of
formal continuing vocational training initiatives |
|
|
|
for
workers paid by the employer |
Male |
Female |
|
Number of
employees |
36 |
1 |
|
Number of
training hours |
382 |
4 |
|
Net costs
for enterprise |
9,892 |
140 |
|
Total of less formal and informal continuing vocational
training initiatives for workers paid by the employer |
Male |
Female |
|
Number of
employees |
- |
- |
|
Number of
training hours |
- |
- |
|
Net costs
for enterprise |
- |
- |
|
Total of
initial training initiatives at the expense of the employer |
Male |
Female |
|
Number of
employees |
- |
- |
|
Number of
training hours |
- |
- |
|
Net costs
for enterprise |
- |
- |
Personnel (NSSO
classification)
Code -
Description -
Joint Industrial Committee
(JIC)
|
JIC Code |
116 |
|
Description |
Joint
committee for the chemical industry |
|
category |
|
|
JIC Code |
207 |
|
Description |
Joint
committee for the employees off the chemical industry |
|
category |
|
Significant Events
Event Date 25/04/2013
Event
Description re-appointment
of director(s)
Event Details Commentaar 25-04-2013: Herbenoemd
als bestuurder tot na de jaarlijkse algemene
vergadering
van 2019 : BVBA CurEx.
Profit & loss
|
Annual accounts |
31-12-2012 |
|
31-12-2011 |
% |
31-12-2010 |
Industry average
2012 |
% |
|
Weeks |
52 |
|
52 |
|
52 |
|
|
|
Currency |
EUR |
|
EUR |
|
EUR |
|
|
|
Turnover |
43,690,024 |
18.84 |
36,765,061 |
-5.88 |
39,060,494 |
31,122,544 |
40.38 |
|
Total
operating expenses |
38,91
8,633 |
7.47 |
36,213,945 |
15.14 |
31,451,472 |
28,713,004 |
35.54 |
|
Operating
result |
4,771,391 |
765 |
551,116 |
-92.76 |
7,609,022 |
958,109 |
398 |
|
Total
financial income |
1,364,468 |
22.83 |
1,110,814 |
-2.80 |
1,142,861 |
267,933 |
409 |
|
Total
financial expenses |
892,156 |
-28.90 |
1,254,728 |
-7.39 |
1,354,898 |
407,741 |
118 |
|
Results
on ordinary operations before taxation |
5,243,702 |
1187 |
407,202 |
-94.50 |
7,396,985 |
812,541 |
545 |
|
Taxation |
1,295,847 |
29394 |
4,393 |
-99 |
2,309,312 |
165,188 |
684 |
|
Results on
ordinary operations after taxation |
3,947,855 |
880 |
402,809 |
-92.08 |
5,087,673 |
674,582 |
485 |
|
Extraordinary
items |
-471,361 |
58.00 |
-812,699 |
-39.82 |
-581,251 |
-223,811 |
-110 |
|
Other
appropriations |
10422.68 |
0.00 |
1
0422.58 |
0.01 |
10422 |
- |
- |
|
Net
result OTHER INFORMATION |
3,486,917 |
872 |
-399,468 |
-108 |
4,516,844 |
447,901 |
678 |
|
Gross
Operating Margin |
- |
- |
- |
- |
- |
342,914 |
- |
|
Dividends |
- |
- |
- |
- |
- |
2,116,912 |
- |
|
Director
remuneration |
- |
- |
- |
- |
934,035 |
747,252 |
- |
|
Employee
costs |
4,226,972 |
9.12 |
3,873,649 |
16.65 |
3,320,867 |
2,195,366 |
92.54 |
|
Wages and salary |
2,779,598 |
8.31 |
2,566,334 |
19.78 |
2,142,482 |
1,509,778 |
84.11 |
|
Employee pension costs |
14,743 |
- |
13,145 |
- |
8,191 |
481,753 |
-96.94 |
|
Social security contributions |
1,183,312 |
7.15 |
1,104,308 |
16.06 |
951,488 |
499,892 |
136 |
|
Other employee costs |
249,319 |
31.32 |
189,861 |
-13.19 |
218,706 |
114,997 |
116 |
|
Amortization
and depreciation |
630,491 |
-0.01 |
630,560 |
-7.23 |
679,727 |
228,807 |
175 |
Balance sheet
|
Annual accounts |
31-12-2012 |
% |
31-12-2011 |
% |
31-12-2010 |
Industry average
2012 |
% |
|
Weeks |
52 |
|
52 |
|
52 |
|
|
|
Currency |
EUR |
|
EUR |
|
EUR |
|
|
|
Intangible
fixed assets |
82,860 |
- |
82,940 |
- |
94,436 |
72,594 |
14.14 |
|
Tangible
fixed assets |
3,730,376 |
-10.61 |
4,173,033 |
-1.61 |
4,241,398 |
1,001,047 |
272 |
|
Land & building |
3,267,880 |
-7.99 |
3,551,842 |
-3.08 |
3,664,866 |
763,634 |
327 |
|
Plant & machinery |
345,740 |
-31.81 |
506,993 |
-2.75 |
521,306 |
263,215 |
31.35 |
|
Furniture & Vehicles |
116,756 |
2.24 |
114,198 |
106 |
55,226 |
43,265
20,677 |
169 |
|
Leasing & Other Similar Rights |
- |
- |
- |
- |
- |
354,291
33,421 |
- |
|
Other tangible assets |
0 |
- |
0 |
- |
0 |
141,966 |
-100 |
|
Financial
fixed assets |
302,583 |
-9.39 |
333,939 |
-38.70 |
544,741 |
6,071,082 |
-95.02 |
|
Total
fixed assets |
4,115,819 |
-10.33 |
4,589,912 |
-5.96 |
4,880,575 |
5,217,907 |
-21.12 |
|
Inventories |
5,726,866 |
27.09 |
4,506,135 |
5.08 |
4,288,476 |
2,582,769 |
121 |
|
Raw materials & consumables |
2,812,067 |
27.24 |
2,209,983 |
-10.46 |
2,468,249 |
4,623,648 |
-39.18 |
|
Work in progress |
293,396 |
15.92 |
253,113 |
232 |
76,045 |
43,546 |
573 |
|
Finished goods |
2,061,661 |
0.91 |
2,043,039 |
17.13 |
1,744,183 |
982,181 |
109 |
|
Other stocks |
559,742 |
- |
0 |
0 |
-1 |
175,059 |
219 |
|
Trade
debtors |
11,642,692 |
2.33 |
11,377,331 |
-15.39 |
13,447,532 |
2,453,488 |
374 |
|
Cash |
428,362 |
-51.68 |
886,554 |
-14.57 |
1,037,736 |
293,343 |
46.03 |
|
other
amounts receivable |
3,138,546 |
85.60 |
1,691,022 |
147 |
684,222 |
1,450,468 |
116 |
|
Miscellaneous
current assets |
167,332 |
-14.76 |
196,308 |
41.35 |
138,876 |
2,047,101 |
-91.83 |
|
Total
current assets |
21,103,798 |
13.11 |
18,657,350 |
-4.79 |
19,596,842 |
7,997,641 |
163 |
|
Total
Assets |
25,219,618 |
8.48 |
23,247,263 |
-5.03 |
24,477,417 |
12,986,190
997,190 |
94.20 |
CURRENT LIABILITIES
|
Trade
creditors |
1,835,417 |
-6.22 |
1,957,143 |
-5.04 |
2,061,090 |
1,886,355 |
-2.70 |
|
Short
term group loans |
- |
- |
- |
- |
- |
- |
- |
|
Financial
debts |
2,690,008 |
38.66 |
1,940,000 |
70.18 |
1,140,000 |
5,412,813 88,159 |
-50.30 |
|
Current
portion of long term debt |
1,980,000 |
5.88 |
1,870,000 |
6.25 |
1,760,000 |
196,51
5 33,147 |
907 |
|
Amounts Payable for Taxes, Remuneration
& Social Security |
2,729,461 |
9.36 |
2,495,776 |
3.52 |
2,410,995 |
30,780
- |
800 |
|
Miscellaneous
current liabilities |
388,625 |
-54.80 |
859,759 |
-8.75 |
942,186 |
-45.12 |
-
- |
|
Total
current liabilities |
9,623,511 |
5.49 |
9,122,678 |
9.72 |
8,314,271 |
5,204,722 |
84.90 |
|
LONG TERM DEBTS
AND LIABILITIES |
|
|
|
|
|
|
|
|
Long
term group loans |
- |
- |
- |
- |
- |
- |
-
- |
|
Other
long term loans |
990,000 |
-66.67 |
2,970,000 |
-38.64 |
4,840,000 |
-79.48 |
-
- |
|
Deffered
taxes |
57,153 |
-15.42 |
67,576 |
-13.36 |
77,999 |
97,195
26,909 |
-41.20 |
|
Provisions
for Liabilities & Charges |
2,103,987 |
-1.00 |
2,125,318 |
13.03 |
1,880,348 |
356,21
5 0 |
490 |
|
Other
long term liabilities |
0 |
- |
0 |
0 |
-1 |
8,656 |
-100 |
|
Total
long term debts SHAREHOLDERS
EQUITY |
3,151,141 |
-38.97 |
5,162,894 |
-24.06 |
6,798,346 |
3,029,941 |
4.00 |
|
Issued
share capital |
2,100,000 |
0 |
2,100,000 |
0 |
2,100,000 |
3,142,750 |
-33.18 |
|
Share
premium account |
- |
- |
- |
- |
- |
147,655 |
- |
|
Reserves |
10,344,966 |
50.76 |
6,861,691 |
-5.55 |
7,264,800 |
1,597,254 |
547 |
|
Revaluation
reserve |
- |
- |
- |
- |
- |
51,717 |
- |
|
Total
shareholders equity |
12,444,966 |
38.87 |
8,961,691 |
-4.30 |
9,364,800 |
4,751,527 |
161 |
|
Working
capital |
11,480,287 |
20.41 |
9,534,673 |
-15.49 |
11,282,571 |
2,792,920 |
311 |
|
Cashflow |
4,117,408 |
1681 |
231,092 |
-95.55 |
5,196,571 |
656,593 |
527 |
|
Net
worth |
12,362,105 |
39.23 |
8,878,751 |
-4.22 |
9,270,364 |
4,678,933 |
164 |
|
Annual accounts |
31-12-2012 |
change(%) |
31-12-2011 |
change(%) |
31-12-2010 |
Industry average
2012 |
% |
|
TRADING
PERFORMANCE |
|
|
|
|
|
|
|
|
Profit Before Tax |
12 |
981 |
1.11 |
-94.14 |
18.94 |
-6,00 |
200 |
|
Return on capital
employed |
33.62 |
1067 |
2.88 |
-93.71 |
45.76 |
20,00 |
68.10 |
|
Return on total
assets employed |
20.79 |
1088 |
1.75 |
-94.21 |
30.22 |
4,00 |
419 |
|
Return on net
assets employed |
42.14 |
828 |
4.54 |
-94.25 |
78.99 |
17,00 |
147 |
|
Sales / net
working capital |
3.81 |
-1.30 |
3.86 |
11.56 |
3.46 |
5,00 |
-99 |
|
Stock turnover
ratio |
13.11 |
6.93 |
12.26 |
11.66 |
10.98 |
22,00 |
-40.41 |
|
Debtor days |
97.27 |
-13.88 |
112.95 |
-10.11 |
125.66 |
89,00 |
9.29 |
|
Creditor days SHORT TERM
STABILITY |
17.21 |
-12.77 |
19.73 |
-17.52 |
23.92 |
47,00 |
-63.38 |
|
Current ratio |
2.19 |
6.83 |
2.05 |
-13.14 |
2.36 |
7,00 |
119 |
|
Liquidity ratio /
acid ratio |
1.60 |
3.23 |
1.55 |
-15.76 |
1.84 |
6,00 |
-73.33 |
|
Current debt
ratio |
0.77 |
-24.51 |
1.02 |
14.61 |
0.89 |
1,00 |
-23.00 |
|
Liquidity ratio
reprocessed |
- |
- |
- |
- |
- |
- |
- |
|
LONG TERM
STABILITY |
|
|
|
|
|
|
|
|
Gearing |
45.48 |
-39.89 |
75.66 |
-8.46 |
82.65 |
192,00 |
-76.31 |
|
Equity in
percentage |
49.51 |
27.97 |
38.69 |
0.73 |
38.41 |
26,00 |
90.42 |
|
Total debt ratio |
1.03 |
-35.22 |
1.59 |
-1.24 |
1.61 |
2,00 |
-48.50 |
|
Suspension of payments /
moratorium history |
||
|
Amount - |
||
|
Details |
- |
|
|
Payment Information Summary |
||
|
Total number of Invoices available |
4 |
|
|
Total number of
Invoices paid within or up to 30 days after the
due date |
0 |
|
|
Total number of
Invoices paid more than 30 days after the due date |
0 |
|
|
Total number of Invoices currently
outstanding where the due date has not yet been reached |
3 |
|
|
Total number of Invoices currently
outstanding beyond the due date |
1 |
|
|
Payment expectations |
|
|
|
Payment expectation days |
17.21 |
|
|
Day sales outstanding |
97.27 |
|
|
Industry comparison |
|
|
|
Activity code |
20300 |
|
|
Activity description |
Manufacture of paints, varnishes
and similar coatings, printing ink and mastics |
|
|
Industry
average payment expectation days |
52.08 |
|
|
Industry average
day sales outstanding |
97.50 |
|
Industry quartile analysis Payment
expectations
Company result 17.21
Lower 103.02
Median 66.41
Upper 42.96
Day sales outstanding
Company result 97.27
Lower 58.56
Median 34.94
Upper 22.41
Summary
Group -
Number of Companies 12
Linkages -
Number of Companies 2
Number of Countries 2
Group Structure
|
Company name |
Number |
Latest financials |
Rating |
|
|
- TOYO INK SC
HOLDINGS CO., LTD. |
||||
|
- - ARETS
GRAPHICS NV |
439245296 |
31-12-2012 |
97 |
|
|
----- ARETS GRAPHICS BALTICA UAB |
||||
|
----- ARETS ASIA PACIFIC PTE. LTD |
||||
|
----- ARETS DE MEXICO, S.A. DE |
||||
|
— ARETS
DEUTSCHLAND GMBH |
HRB
146999 B |
31-12-2011 |
29 |
|
|
— ARETS FRANCE |
508024544 |
31-12-2012 |
19 |
|
|
--- ARETS GRAPHICS
CANADA INC |
|
|
|
|
|
---- ARETS
GRAPHICS INDIA PVT LTD |
|
|
|
|
|
---- ARETS MIDDLE EAST FZE |
|
|
|
|
|
- -
- ARETS UK LTD |
|
|
|
|
|
- -
- UAB ARETS GRAPHICS BALTICA |
|
|
|
|
Minority Shareholders
No minority shareholders found
Minority Interests
No minority interests found
Companies
that match this address
Business
number Company name Rating Limit Date
of accounts
404119420 BONOBAL NV - - -
890356466 TOYO-ARETS INTERNATIONAL NV 48 0 31/12/2012
Summary
|
Group - Number of Companies |
12 |
|
Linkages - Number of Companies |
2 |
|
Number of Countries |
2 |
Linked Companies
|
NAME |
NUMBER |
LATEST
KEY FINANCIALS |
RATING |
LIMIT |
TURNOVER |
|
ARETS UK LTD |
05814235 |
31.12.201 3 |
66 |
£10.500 |
£3.337.026 |
|
TOYO-ARETS
INTERNATIONAL NV |
890356466 |
31.12.2012 |
48 |
€0 |
€651.875 |
|
Protested bills |
-- |
|
Drawee name |
-- |
|
Address |
-- |
|
Bill amount |
-- |
|
Bill currency |
-- |
|
Maturity of bill |
-- |
|
Name of drawer |
-- |
|
City of drawer |
-- |
|
|
|
|
NSSO details |
|
|
Business number |
439245296 |
|
Name of defendant |
-- |
|
Legal form of defendant |
-- |
|
Date of summons |
-- |
|
Labour court |
-- |
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. 59.05 |
|
|
1 |
Rs. 99.61 |
|
Euro |
1 |
Rs. 80.60 |
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.