MIRA
INFORM REPORT
|
Report No. : |
308454 |
|
Report Date : |
18.02.2015 |
IDENTIFICATION DETAILS
|
Name : |
AHOLD COFFEE COMPANY B.V |
|
|
|
|
Registered Office : |
Hoofdtocht 3 1507CJ |
|
|
|
|
Country : |
|
|
|
|
|
Financials (as on) : |
31.12.2012 |
|
|
|
|
Date of Incorporation : |
01.01.1971 |
|
|
|
|
Com. Reg. No.: |
KvK-nummer: 35012055 |
|
|
|
|
Legal Form : |
Private Company |
|
|
|
|
Line of Business : |
Processing of tea and coffee. |
|
|
|
|
No. of Employee : |
127 |
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 – December 31, 2014
|
Country Name |
Previous Rating (30.09.2014) |
Current Rating (31.12.2014) |
|
Netherlands |
A1 |
A1 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
|
Moderate |
B1 |
|
High |
B2 |
|
Very High |
C1 |
|
Restricted |
C2 |
|
Off-credit |
D |
NETHERLANDS ECONOMIC OVERVIEW
Netherlands is the sixth-largest economy in the euro-zone and is noted for its stable industrial relations, moderate unemployment and inflation, sizable trade surplus, and important role as a European transportation hub. Industrial activity is predominantly in food processing, chemicals, petroleum refining, and electrical machinery. A highly mechanized agricultural sector employs only 2% of the labor force but provides large surpluses for the food-processing industry and for exports. Netherlands, along with 11 of its EU partners, began circulating the euro currency on 1 January 2002. The Dutch financial sector suffered as a result of the global financial crisis, due in part to the high exposure of some Dutch banks to US mortgage-backed securities. In 2008, the government nationalized two banks and injected billions of dollars of capital into other financial institutions, to prevent further deterioration of a crucial sector. After 26 years of uninterrupted economic growth, the Dutch economy - highly dependent on an international financial sector and international trade - contracted by 3.5% in 2009. To recover, the government sought to boost the domestic economy by accelerating infrastructure programs, offering corporate tax breaks for employers to retain workers, and expanding export credit facilities. The stimulus programs and bank bailouts, however, resulted in a government budget deficit of 5.3% of GDP in 2010 that contrasted sharply with a surplus of 0.7% in 2008. The government of Prime Minister Mark RUTTE began implementing austerity measures in early 2011, mainly reducting expenditures, which resulted in an improved budget deficit in 2011. However, in 2012 tax revenues dropped, GDP contracted, and the budget deficit deteriorated. In 2013, the government budget deficit decreased to 3.3% of GDP due to increased government revenue from higher taxes. However, spending on social benefits also increased, due to a rise in unemployment benefits and payments for pensions. The high unemployment rate and tax increases have contributed to continued decreases in household disposable income, causing the Dutch economy to contract.
|
Source
: CIA |
Summary
|
Company name |
AHOLD
COFFEE COMPANY B.V. |
|
Operative address |
Hoofdtocht 3 |
|
|
1507CJ Zaandam |
|
|
Netherlands |
|
Legal form |
Private Company |
|
Registration number |
KvK-nummer: 35012055 |
|
VAT-number |
002230987 |
|
Year |
2012 |
Mutation |
2011 |
Mutation |
2010 |
|
Fixed assets |
10.666.000.000 |
11,91 |
9.531.000.000 |
|
9.531.000.000 |
|
Total receivables |
1.038.000.000 |
-17,81 |
1.263.000.000 |
|
1.263.000.000 |
|
Total equity |
5.995.000.000 |
1,44 |
5.910.000.000 |
|
5.910.000.000 |
|
Short term liabilities |
4.427.000.000 |
8,19 |
4.092.000.000 |
3,86 |
3.940.000.000 |
|
Net result |
827.000.000 |
-3,05 |
853.000.000 |
|
853.000.000 |
|
Working capital |
-11.000.000 |
-101,00 |
1.102.000.000 |
-12,12 |
1.254.000.000 |
|
Quick ratio |
0,66 |
-29,79 |
0,94 |
-4,08 |
0,98 |
Contact information
Company
name Ahold Coffee Company B.V.
Trade
names Ahold Coffee Company B.V.
Operative
address Hoofdtocht 3
1507CJ Zaandam
Netherlands
Correspondence
address Postbus 3073
1500HD Zaandam
Netherlands
Telephone
number 0886599111
Email
address group.legal@ahold.com
Website
www.aholdcoffeecompany.com
Registration
Registration
number KvK-nummer: 35012055
Branch
number 000016030729
VAT-number
002230987
Status
Active
Memorandum
1971-03-18
Establishment
date 1971-01-01
Legal
form Private
Company
Last
proposed admendment 2010-07-27
Issued
placed capital EUR 250.000
Paid
up share capital EUR 250.000
Activities
SBI
Processing of tea and
coffee (1083)
Bars (563)
Bars (5630)
Exporter
No
Importer
No
Goal Produktie van- en handel in
levensmiddelen alsmede houdster- en financieringsmaatschappij
Relations
Shareholders
Ahold Nederland
B.V.
Provincialeweg 11
1506MA Zaandam
Netherlands
Registration number: 341662620000
Percentage: 100%
Companies
on same address Wine Excel B.V.
Registration number:
010931960000
Liability
statements Koninklijke
Ahold N.V.
Provincialeweg 11
1506MA Zaandam
Netherlands
Registration number: 350003630000
date of issue: 1985-08-29
Starting date: 1985-07-15
Management
Active
management Ahold Nederland B.V.
Provincialeweg 11
1506MA Zaandam
Netherlands
Registration number: 341662620000
Competence: Fully authorized
Function: Manager
Starting date: 2005-07-19
E.E.V. Mares (Erik-Jan Edmond Victor)
Netherlands
Competence: Jointly authorized
Function: Manager
Starting date: 2013-05-01
Date of birth: 1968-07-23, Nijmegen, NL
Involved with the following companies
• Ahold European Sourcing B.V.
Provincialeweg 11
1506MA Zaandam
Netherlands
Registration number: 350253080000
Function: Manager
• Ahold European Sourcing B.V.
Provincialeweg 11
1506MA Zaandam
Netherlands
Registration number: 350253080000
Function: Proxy
J.R. de Jager (Jeroen Robin)
Netherlands
Competence: Limited authorization
Function: General Director
Starting date: 2013-06-17
Date of birth: 1973-05-04, Alkmaar, NL
Active management
E.E.V. Mares (Erik-Jan Edmond Victor)
Netherlands
Competence: Limited authorization
Function: Proxy
Starting date: 2013-05-01
Date of birth: 1968-07-23, Nijmegen, NL
Involved with the following companies
• Ahold European Sourcing B.V.
Provincialeweg 11
1506MA Zaandam
Netherlands
Registration number: 350253080000
Function: Manager
• Ahold European Sourcing B.V.
Provincialeweg 11
1506MA Zaandam
Netherlands
Registration number: 350253080000
Function: Proxy
J.R. Klootwijk (Jacobus Robert)
Netherlands
Competence: Limited authorization
Function: Proxy
Starting date: 2010-09-01
Date of birth: 1967-02-28, Den Helder, NL
M. Duin (Martijn)
Netherlands
Competence: Limited authorization
Function: Proxy
Starting date: 2013-06-17
Date of birth: 1981-06-26, Laren, NL
Employees
Total according to the Chamber of Commerce 127
|
Year |
2015 |
|
Total |
127 |
Payments
Description Payments made under regular condition
Key figures
|
Year |
2012 |
2011 |
2010 |
2009 |
2008 |
|
Quick ratio |
0,66 |
0,94 |
0,98 |
|
1,00 |
|
Current ratio |
1,00 |
1,27 |
1,32 |
|
1,33 |
|
Working capital/ balance total |
0,00 |
0,07 |
0,09 |
|
0,10 |
|
Equity / balance total |
0,40 |
0,40 |
0,40 |
|
0,34 |
|
Year |
2012 |
2011 |
2010 |
2009 |
2008 |
|
Equity / Fixed assets |
0,56 |
0,62 |
0,62 |
|
0,56 |
|
Equity / liabilities |
0,66 |
0,67 |
0,67 |
|
0,52 |
|
Balance total / liabilities |
1,66 |
1,67 |
1,67 |
|
1,52 |
|
Working capital |
-11.000.000 |
1.102.000.000 |
1.254.000.000 |
|
1.328.000.000 |
|
Equity |
5.995.000.000 |
5.910.000.000 |
5.910.000.000 |
|
4.676.000.000 |
|
Mutation equity |
1,44 |
|
|
|
22,73 |
|
Mutation short term liabilities |
8,19 |
3,86 |
|
|
-16,23 |
|
Return on total assets (ROA) |
6,90 |
7,31 |
7,79 |
12,69 |
8,04 |
|
Return on equity (ROE) |
17,36 |
18,22 |
19,41 |
|
23,37 |
|
Gross profit margin |
3,61 |
4,52 |
4,57 |
4,33 |
4,66 |
|
Net profit margin |
2,52 |
2,89 |
2,89 |
2,99 |
4,03 |
|
Average collection ratio |
7,42 |
7,22 |
7,49 |
|
6,48 |
|
Average payment ratio |
31,64 |
23,38 |
23,38 |
|
23,09 |
|
Equity turnover ratio |
5,48 |
5,00 |
5,00 |
|
5,50 |
|
Total assets turnover ratio |
2,18 |
2,01 |
2,01 |
3,39 |
1,89 |
|
Fixed assets turnover ratio |
3,08 |
3,10 |
3,10 |
3,39 |
3,10 |
|
Inventory conversion ratio |
22,01 |
22,19 |
22,19 |
|
19,50 |
|
Turnover |
32.841.000.000 |
29.530.000.000 |
29.530.000.000 |
29.925.000.000 |
25.722.000.000 |
|
Gross margin |
8.524.000.000 |
|
7.920.000.000 |
|
6.924.000.000 |
|
Operating result |
1.187.000.000 |
1.336.000.000 |
1.349.000.000 |
1.297.000.000 |
1.198.000.000 |
|
Net result after taxes |
827.000.000 |
853.000.000 |
853.000.000 |
894.000.000 |
1.037.000.000 |
|
Cashflow |
|
853.000.000 |
1.638.000.000 |
1.638.000.000 |
1.710.000.000 |
|
Gross profit |
|
|
|
29.530.000.000 |
|
|
EBIT |
1.187.000.000 |
1.336.000.000 |
1.349.000.000 |
1.349.000.000 |
1.198.000.000 |
|
EBITDA |
|
1.336.000.000 |
2.134.000.000 |
2.134.000.000 |
1.871.000.000 |
Summary The 2012
financial result structure is a negative working captial of -11.000.000 euro, which
is in agreement with 0 % of the total assets of the company.
The working capital has
diminished with -101 % compared to previous year. The ratio, with respect to
the total assets of the company has however, declined.
The deterioration between
2011 and 2012 has mainly been caused by an increase of the current liabilities.
The current ratio of the
company in 2012 was 1. When the current ratio is below 1.5, the company may
have problems meeting its short-term obligations.
The quick ratio in 2012 of
the company was 0.66. A company with a Quick Ratio of less than 1 cannot
currently pay back its current liabilities.
The 2011 financial result
structure is a postive working captial of 1.102.000.000 euro, which is in
agreement with 7 % of the total assets of the company.
The working capital has
diminished with -12.12 % compared to previous year. The ratio, with respect to
the total assets of the company has however, declined.
The deterioration between 2010
and 2011 has mainly been caused by an increase of the current liabilities.
The current ratio of the
company in 2011 was 1.27. When the current ratio is below 1.5, the company may
have problems meeting its short-term obligations.
The quick ratio in 2011 of
the company was 0.94. A company with a Quick Ratio of less than 1 cannot
currently pay back its current liabilities.
Financial statement
Last annual account 2012
Remark annual
account The financial statements
shown in the report relate to the consolidated financial statements of the
group.
Type of annual account Consolidated
Annual account Koninklijke
Ahold N.V.
Provincialeweg 11
1506MA Zaandam
Netherlands
Registration number: 350003630000
Balance
|
Year |
2012 |
2011 |
2010 |
2009 |
2008 |
|
End
date |
2012-12-30 |
2011-01-02 |
2010-01-02 |
2009-12-31 |
2008-12-31 |
|
Goodwill |
|
|
|
251.000.000 |
|
|
Intangible fixed assets |
1.569.000.000 |
762.000.000 |
762.000.000 |
598.000.000 |
|
|
Real estate |
|
|
|
4.239.000.000 |
|
|
Plant and machinery |
|
|
|
1.089.000.000 |
|
|
Other tangible fixed assets |
|
|
25.000.000 |
495.000.000 |
|
|
Tangible fixed assets |
6.603.000.000 |
5.827.000.000 |
5.852.000.000 |
6.027.000.000 |
|
|
Associated and affliated companies |
|
|
|
802.000.000 |
|
|
Other financial fixed assets |
|
|
|
869.000.000 |
|
|
Year |
2012 |
2011 |
2010 |
|
2009 |
2008 |
|
End date |
2012-12-30 |
2011-01-02 |
2010-01-02 |
|
2009-12-31 |
2008-12-31 |
|
Financial fixed assets |
2.494.000.000 |
2.942.000.000 |
2.917.000.000 |
|
|
1.671.000.000 |
|
Fixed assets |
10.666.000.000 |
9.531.000.000 |
9.531.000.000 |
|
8.828.000.000 |
8.296.000.000 |
|
|
||||||
|
Raw materials |
|
|
|
|
|
31.000.000 |
|
Finished products |
|
|
|
|
|
1.337.000.000 |
|
Total stock |
1.492.000.000 |
1.331.000.000 |
1.331.000.000 |
|
1.319.000.000 |
|
|
Accounts receivable |
424.000.000 |
|
355.000.000 |
|
|
362.000.000 |
|
Other receivables |
614.000.000 |
|
908.000.000 |
|
|
752.000.000 |
|
Total receivables |
1.038.000.000 |
1.263.000.000 |
1.263.000.000 |
|
1.114.000.000 |
|
|
Liquid funds |
1.886.000.000 |
2.600.000.000 |
2.600.000.000 |
|
|
2.863.000.000 |
|
accruals |
|
|
|
|
|
752.000.000 |
|
Current assets |
4.416.000.000 |
5.194.000.000 |
5.194.000.000 |
|
5.296.000.000 |
|
|
Total assets |
15.082.000.000 |
14.725.000.000 |
14.725.000.000 |
8.828.000.000 |
13.592.000.000 |
|
|
|
||||||
|
Issued capital |
|
|
|
|
|
358.000.000 |
|
Share premium reserve |
|
|
|
|
|
9.916.000.000 |
|
Legal and statutory reserve |
|
|
|
|
|
-338.000.000 |
|
Other reserves |
|
|
|
|
|
-5.260.000.000 |
|
Total reserves |
|
5.910.000.000 |
|
|
|
4.318.000.000 |
|
Total equity |
5.995.000.000 |
5.910.000.000 |
5.910.000.000 |
|
4.676.000.000 |
|
|
|
||||||
|
Provisions |
|
623.000.000 |
775.000.000 |
|
|
612.000.000 |
|
Pension |
|
|
|
|
|
113.000.000 |
|
Long term interest yielding debt |
4.660.000.000 |
|
4.100.000.000 |
|
|
2.260.000.000 |
|
Financial debts |
|
|
|
|
|
2.260.000.000 |
|
Tax liabilities |
|
|
|
|
|
115.000.000 |
|
Other long term liabilities |
|
4.100.000.000 |
|
|
|
1.351.000.000 |
|
Long term liabilities |
4.660.000.000 |
4.100.000.000 |
4.100.000.000 |
|
4.336.000.000 |
|
|
Accounts payable |
|
|
|
|
|
2.284.000.000 |
|
Liabilities towards credit institutes |
|
|
|
|
|
459.000.000 |
|
Short term interest yielding debt |
|
|
|
|
|
459.000.000 |
|
Tax liabilities |
|
|
|
|
|
280.000.000 |
|
Other short term liabilities |
|
4.092.000.000 |
|
|
|
945.000.000 |
|
Short term liabilities |
4.427.000.000 |
4.092.000.000 |
3.940.000.000 |
|
3.968.000.000 |
|
|
Total short and long term liabilities |
9.087.000.000 |
8.815.000.000 |
8.815.000.000 |
|
8.916.000.000 |
|
|
Total liabilities |
15.082.000.000 |
14.725.000.000 |
14.725.000.000 |
8.828.000.000 |
13.592.000.000 |
|
Summary The total assets
of the company increased with 2.42 % between 2011 and 2012.
The total asset increase is
retrievable in the fixed asset growth of 11.91 %.
The asset growth has mainly
been financed by a debt increase of 3.09 %. The Net Worth, however, grew with
1.44 %.
In 2012 the assets of the
company were 70.72 % composed of fixed assets and 29.28 % by current assets.
The assets are being financed by an equity of 39.75 %, and total debt of 60.25
%.
The total assets remained
the same between 2010 and 2011.
The total assets are
entirely composed of current assets.
The fact that the assets
have remained the same during the previous year, can be explained by both an
unchanged Net Worth as well as the total indebtedness.
In 2011 the assets of the company were 64.73 % composed of fixed assets and 35.27 % by current assets. The assets are being financed by an equity of 40.14 %, and total debt of 59.86 %.
Profit and loss
|
Year |
2012 |
2011 |
2010 |
2009 |
2008 |
|
Revenues |
32.841.000.000 |
29.530.000.000 |
29.530.000.000 |
27.925.000.000 |
25.722.000.000 |
|
Net turnover |
32.841.000.000 |
29.530.000.000 |
29.530.000.000 |
27.925.000.000 |
25.722.000.000 |
|
Gross margin |
8.524.000.000 |
|
7.920.000.000 |
27.925.000.000 |
6.924.000.000 |
|
Wages and salaries |
|
|
4.072.000.000 |
|
|
|
Amorization and depreciation |
|
|
785.000.000 |
|
|
|
Sales |
7.337.000.000 |
|
21.610.000.000 |
|
5.726.000.000 |
|
other operating costs |
|
6.584.000.000 |
1.714.000.000 |
6.290.000.000 |
|
|
Raw materials and consumables |
|
|
|
20.338.000.000 |
|
|
Operating expenses |
31.654.000.000 |
21.610.000.000 |
28.181.000.000 |
26.628.000.000 |
24.524.000.000 |
|
Result in subsidiaries |
81.000.000 |
57.000.000 |
57.000.000 |
|
109.000.000 |
|
Operating result |
1.187.000.000 |
1.336.000.000 |
1.349.000.000 |
1.297.000.000 |
1.198.000.000 |
|
Financial income |
10.000.000 |
29.000.000 |
29.000.000 |
33.000.000 |
130.000.000 |
|
Financial expenses |
237.000.000 |
288.000.000 |
288.000.000 |
316.000.000 |
344.000.000 |
|
Financial result |
-227.000.000 |
-259.000.000 |
-259.000.000 |
-283.000.000 |
-214.000.000 |
|
Result subsidiaries before taxes |
|
|
|
106.000.000 |
|
|
Result on ordinary operations before taxes |
1.041.000.000 |
1.077.000.000 |
1.147.000.000 |
1.120.000.000 |
1.093.000.000 |
|
Year |
2012 |
2011 |
2010 |
2009 |
2008 |
|
Taxation on the result of ordinary activities |
211.000.000 |
271.000.000 |
271.000.000 |
148.000.000 |
225.000.000 |
|
Result of ordinary activities after taxes |
830.000.000 |
863.000.000 |
876.000.000 |
972.000.000 |
868.000.000 |
|
Extraordinary income |
|
|
14.000.000 |
|
|
|
Extraordinary expense |
3.000.000 |
10.000.000 |
37.000.000 |
|
|
|
Extraordinary result after taxation |
-3.000.000 |
-10.000.000 |
-23.000.000 |
-78.000.000 |
211.000.000 |
|
Net result |
827.000.000 |
853.000.000 |
853.000.000 |
894.000.000 |
1.037.000.000 |
|
Attributable to third parties |
|
|
|
|
5.000.000 |
|
Attributable to shareholders |
|
|
|
894.000.000 |
|
Summary The turnover
of the company grew with 11.21 % between 2011 and 2012.
The operating result of the
company declined with -11.15 % between 2011 and 2012. This evolution implies an
decrease of the company's economic profitability.
The result of these changes
is a reduction of the company's Economic Profitability of -5.61 % of the
analysed period, being equal to 2011 % in the year 2012.
Despite the decline the
assets turnover increased by 8.46 % reaching 2.18.
The Net Result of the
company increased by -3.05 % between 2011 and 2012.
The company's Financial
Profitability has been negatively affected by the financial activities in
comparison to the EBITs behaviour. The result of these variations is a
profitability reduction of -4.72 % of the analysed period, being 17.36 % in the
year 2012.
The company's financial
profitability has been positively affected by its financial structure.
The turnover of the company
remained the same between 2010 and 2011.
The operating result of the
company in 2010 is equal to the result in 2011. This evolution
implies an unchanged
economic profitability of the company.
The result of these changes
is a reduction of the company's Economic Profitability of -6.16 % of the
analysed period, being equal to 2010 % in the year 2011.
Despite the decline the
assets turnover did not change, the index remained the same at 2.01. The Net
Result of the company has not changed between 2010 and 2011.
The company's Financial
Profitability has been neutrally affected by the financial activities in
comparison to the EBITs behaviour. The result of these variations is the
unchanged
profitability of the
analysed period, remaining unchanged at 18.22 % in the year 2011.
The company's financial
profitability has been positively affected by its financial structure.
Analysis
Branch (SBI) Food and
beverage service activities (56)
Region Groot Amsterdam
In the Netherlands 46560 of
the companies are registered with the SBI code 56
In the region Groot
Amsterdam 5491 of the companies are registered with the SBI code 56
In the Netherlands 1405 of
the bankrupcties are published within this sector
In the region Groot Amsterdam
164 of the bankruptcies are published within this sector
The risk of this specific
sector in the Netherlands is normal
The risk of this specific sector in the region
Groot Amsterdam is normal
Publications
Consent statements 26-01-2015: Voor
boekjaar 2014 is een instemmingsverklaring gedeponeerd.
20-02-2014: Voor boekjaar
2013 is een instemmingsverklaring gedeponeerd.
05-02-2013: Voor boekjaar
2012 is een instemmingsverklaring gedeponeerd.
17-02-2012: Voor boekjaar
2011 is een instemmingsverklaring gedeponeerd.
22-02-2011: Voor boekjaar
2010 is een instemmingsverklaring gedeponeerd.
Functions 15-07-2014: Per
14-07-2014 is gevolmachtigde Jan Willem Kempenaar uit functie getreden.
01-07-2013: Per 17-06-2013
is gevolmachtigde Jeroen Robin de Jager in functie getreden.
01-07-2013: Per 17-06-2013
is gevolmachtigde Judith Alice de Boer uit functie getreden.
01-07-2013: Per 17-06-2013
is gevolmachtigde Martijn Duin in functie getreden.
16-05-2013: Per 01-05-2013
is bestuurder Erik-Jan Edmond Victor Mares in functie getreden.
16-05-2013: Per 01-05-2013
is bestuurder Catharina Adriana Alphonsa Stiemer-Hermus uit functie getreden.
16-05-2013: Per 01-05-2013
is gevolmachtigde Erik-Jan Edmond Victor Mares in functie getreden.
16-05-2013: Per 01-05-2013
is gevolmachtigde Catharina Adriana Alphonsa Stiemer-Hermus uit functie
getreden.
Company structure
Relations 46
Koninklijke
Ahold N.V.
Provincialeweg
11
1506MA
Zaandam
Netherlands
Registration
number: 350003630000
• Ahold Nederland B.V.
Provincialeweg 11
1506MA Zaandam
Netherlands
Registration number: 341662620000
• Ahold Coffee Company B.V.
Hoofdtocht 3
1507CJ Zaandam
Netherlands
Registration number: 35012055
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.62.20 |
|
|
1 |
Rs.96.00 |
|
Euro |
1 |
Rs.71.00 |
INFORMATION DETAILS
|
Analysis Done by
: |
SUB |
|
|
|
|
Report Prepared
by : |
ANK |
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.