|
Report No. : |
303386 |
|
Report Date : |
23.01.2015 |
IDENTIFICATION DETAILS
|
Name : |
CHEVRON PHILIPS CHEMICALS INTERNATIONAL NV |
|
|
|
|
Registered Office : |
Brusselsesteenweg 355, 3090 Overijse |
|
|
|
|
Country : |
Belgium |
|
|
|
|
Financials (as on) : |
31.12.2013 |
|
|
|
|
Date of Incorporation : |
03.03.1978 |
|
|
|
|
Com. Reg. No.: |
418159080 |
|
|
|
|
Legal Form : |
Public Limited Liability Company |
|
|
|
|
Line of Business : |
Engaged as producers of olefins
and polyolefins and a leading supplier of Aromatics, Alpha Olefins,
Styrenics, Specialty Chemicals, Piping, and Proprietary Plastics. |
|
|
|
|
No of Employees : |
298 (31.12.2013) |
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 – September 30, 2014
|
Country Name |
Previous Rating (30.06.2014) |
Current Rating (30.09.2014) |
|
Belgium |
a2 |
a2 |
|
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 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 418159080
Branche Unit Number 2014819464
Company name CHEVRON PHILIPS
CHEMICALS INTERNATIONAL NV
Address BRUSSELSESTEENWEG
355
3090 OVERIJSE
Number of staff 298 (31.12.2013)
Date of establishment 03/03/1978
Telephone number 023054393
Fax number 026891472
The business was established over 36 years ago.
The business has 298 employees.
The business has been at the address for over 4 years.
The business saw an increase in their Cash Balance of 25% during the
latest trading period.
DATE OF LATEST
ACCOUNTS TURNOVER
PROFIT BEFORE TAX NET WORTH WORKING
CAPITAL
31/12/2013 642,738,883
54,256,971 220,446,439 131,640,186
31/12/2012 608,923,282
48,495,827 193,570,069 143,225,030
31/12/2011 558,771,396
49,680,784 166,937,314 125,026,423
Accounts
DATE OF LATEST
ACCOUNTS BALANCE
TOTAL NUMBER OF EMPLOYEES CAPITAL CASHFLOW
31/12/2013 337,218,890
298 22,311,000
43,611,929
31/12/2012 333,305,828
270 22,311,000
40,005,194
31/12/2011 245,687,479
261 22,311,000
38,140,870
Payment expectation days 59
Industry average payment expectation days 667.24
Industry average day sales outstanding 85.89
Day sales outstanding 36.47
Business number 418159080
Company name CHEVRON PHILIPS
CHEMICALS INTERNATIONAL NV
Fax number 026891472
Date founded 03/03/1978
Company status active
Company type Public Limited
Liability Company (BE)
Currency Euro (€)
Date of latest accounts 31/12/2013
Activity
description Engaged as producers
of olefins and polyolefins and a leading supplier of
Aromatics, Alpha Olefins, Styrenics,
Specialty Chemicals, Piping, and Proprietary Plastics.
Liable for VAT yes
VAT Number BE.0418.159.080
Belgian Bullettin of Acts
Publications moniteur belge
(JIC)
Significant Events
Event Date 14/05/2014
Event Description re-appointment of director(s)
Event Details Commentaar
14-05-2014: Worden herbenoemd als bestuurders tot de volgende
jaarvergadering
van
2015: Mark E. Lashier, Benjamin Mermans, D.
Rion, Ronald E. Corn en Robert Dée.
Assets
|
Annual
accounts |
31.12.2013 |
% |
31.12.2012 |
% |
31.12.2011 |
% |
31.12.2010 |
% |
31.12.2009 |
|
Weeks |
52 |
|
52 |
|
52 |
|
52 |
|
52 |
|
Currency |
EUR |
|
EUR |
|
EUR |
|
EUR |
|
EUR |
|
Total
fixed assets |
91,255,488 |
71.22 |
53,295,843 |
16.85 |
45,609,739 |
76.32 |
25,867,328 |
-1.61 |
26,291,534 |
|
Intangible
fixed assets |
2,158,333 |
-25.53 |
2,898,333 |
--20.34 |
3,638,333 |
--- |
0 |
--- |
0 |
|
Tangible
fixed assets |
89,080,312 |
82.50 |
48,811,412 |
20.87 |
40,383,877 |
65.43 |
24,411,816 |
-1.72 |
24,838,543 |
|
Land & building |
10,024,535 |
9.85 |
9,125,972 |
-4.21 |
9,526,609 |
83.96 |
5,178,618 |
-3.80 |
5,382,963 |
|
Plant & machinery |
61,415,690 |
164 |
23,253,685 |
-9.87 |
25,799,772 |
58.70 |
16,256,713 |
-8.59 |
17,784,229 |
|
Furniture & Vehicles |
723,624 |
9.42 |
661,353 |
17.23 |
564,165 |
-1.75 |
574,203 |
-18.81 |
707,230 |
|
Other tangible assets |
16,916,463 |
7.27 |
15,770,402 |
250 |
4,493,331 |
87.04 |
2,402,282 |
149 |
964,121 |
|
Financial
fixed assets |
16,843 |
-98.94 |
1,586,098 |
-0.09 |
1,587,529 |
9.07 |
1,455,512 |
0.17 |
1,452,991 |
|
Total
Current assets |
245,963,402 |
-12.16 |
280,009,985 |
39.95 |
200,077,740 |
-13.39 |
231,008,368 |
29.55 |
178,309,146 |
|
Inventories |
98,086,654 |
-15.23 |
115,704,926 |
56.34 |
74,007,387 |
-1.52 |
75,152,604 |
-16.68 |
90,201,884 |
|
Raw materials &
consumables |
11,511,010 |
-4.44 |
12,046,153 |
27.44 |
9,452,486 |
60.24 |
5,899,015 |
70.45 |
3,460,750 |
|
Work in progress |
2,397,375 |
2.35 |
2,342,333 |
-10.73 |
2,623,943 |
43.48 |
1,828,793 |
-7.28 |
1,972,404 |
|
Finished goods |
84,178,269 |
-16.92 |
101,316,440 |
63.60 |
61,930,958 |
-8.15 |
67,424,796 |
-20.46 |
84,768,730 |
|
Trade debtors |
64,217,493 |
3.89 |
61,815,655 |
21.11 |
51,040,746 |
-17.37 |
61,768,216 |
-7.26 |
66,600,166 |
|
Other amounts receivable |
60,952,641 |
-3.13 |
62,920,418 |
21.26 |
51,887,545 |
35.23 |
38,369,053 |
2996 |
1,239,244 |
|
Cash |
1,682,321 |
25.90 |
1,336,257 |
-1.91 |
1,362,323 |
2.86 |
1,324,435 |
12.85 |
1,173,653 |
|
Miscellaneous current assets |
21,024,293 |
-14.01 |
38,232,729 |
75.54 |
21,779,739 |
-59.96 |
54,394,060 |
184 |
19,094,199 |
|
Total Assets |
337,218,890 |
1.17 |
333,305,828 |
35.66 |
245,687,479 |
-4.36 |
256,875,696 |
25.55 |
204,600,680 |
|
Liabilities |
|||||||||
|
Total
shareholders equity |
222,604,772 |
13.30 |
196,468,402 |
15.18 |
170,575,647 |
25.07 |
136,385,693 |
12.27 |
121,474,680 |
|
Issued
share capital |
22,311,000 |
0 |
22,311,000 |
0 |
22,311,000 |
0 |
22,311,000 |
0 |
22,311,000 |
|
Revaluation
reserve |
323,065 |
0 |
323,065 |
0 |
323,065 |
0 |
323,065 |
0 |
323,065 |
|
Reserves |
199,970,707 |
15.04 |
173,834,337 |
17.50 |
147,941,582 |
30.06 |
113,751,628 |
15.09 |
98,840,615 |
|
Deffered
taxes |
44,427 |
-15.33 |
52,471 |
-13.29 |
60,515 |
-12.87 |
69,455 |
-15.77 |
82,457 |
|
Creditors |
114,323,216 |
-16.42 |
136,784,955 |
82.26 |
75,051,317 |
-37.68 |
120,420,548 |
45.01 |
83,043,543 |
|
Total
long term debts |
290,902 |
454 |
52,471 |
-13.29 |
60,515 |
-12.87 |
69,455 |
-15.77 |
82,457 |
|
Financial
debts |
11,089,202 |
56.08 |
7,104,756 |
-3.39 |
7,354,210 |
42.24 |
5,170,317 |
22.16 |
4,232,543 |
|
Trade
creditors |
94,883,912 |
-23.42 |
123,909,503 |
102 |
61,113,915 |
-44.78 |
110,668,449 |
49.82 |
73,868,422 |
|
Amounts
Payable for Taxes, |
7,800,102 |
49.41 |
5,220,696 |
-13.43 |
6,030,613 |
49.58 |
4,031,655 |
-8.22 |
4,392,578 |
|
Miscellaneous
current |
550,000 |
0 |
550,000 |
-0.47 |
552,579 |
0.45 |
550,127 |
0.02 |
550,000 |
|
liabilities |
|
|
|
|
|
||||
|
Total
current liabilities |
114,323,216 |
-16.42 |
136,784,955 |
82.26 |
75,051,317 |
-37.68 |
120,420,548 |
45.01 |
83,043,543 |
|
Total
Liabilities |
337,218,890 |
1.17 |
333,305,828 |
35.66 |
245,687,479 |
-4.36 |
256,875,696 |
25.55 |
204,600,680 |
Ratio Analysis
|
TRADING
PERFORMANCE |
|||||||||
|
Profit
Before Tax |
8.44 |
6.03 |
7.96 |
-10.46 |
8.89 |
89.96 |
4.68 |
66.55 |
2.81 |
|
Return
on capital employed |
24.34 |
-1.38 |
24.68 |
-15.25 |
29.12 |
27.94 |
22.76 |
84.44 |
12.34 |
|
Return
on total assets employed |
16.09 |
10.58 |
14.55 |
-28.04 |
20.22 |
67.25 |
12.09 |
64.94 |
7.33 |
|
Return
on net assets |
24.37 |
-1.26 |
24.68 |
-15.28 |
29.13 |
27.88 |
22.78 |
84.45 |
12.35 |
|
employed |
|
|
|
|
|
|
|
|
|
|
Sales
/ net working capital |
4.88 |
14.82 |
4.25 |
-4.92 |
4.47 |
-25.50 |
6.00 |
6.95 |
5.61 |
|
Stock
turnover ratio |
15.26 |
-19.68 |
19.00 |
43.50 |
13.24 |
16.86 |
11.33 |
-32.88 |
16.88 |
|
Creditor
days |
59.00 |
-27.06 |
80.89 |
84.60 |
43.82 |
-30.87 |
63.39 |
22.12 |
51.91 |
|
Debtor
days |
36.47 |
-1.57 |
37.05 |
11.13 |
33.34 |
-1.88 |
33.98 |
-25.30 |
45.49 |
|
SHORT
TERM STABILITY |
|
|
|
|
|
|
|
|
|
|
Current
ratio |
2.15 |
4.88 |
2.05 |
-23.22 |
2.67 |
39.06 |
1.92 |
-10.70 |
2.15 |
|
Liquidity
ratio / acid ratio |
1.29 |
7.50 |
1.20 |
-28.57 |
1.68 |
30.23 |
1.29 |
21.70 |
1.06 |
|
Current
debt ratio |
0.51 |
-27.14 |
0.70 |
59.09 |
0.44 |
-50.0 |
0.88 |
29.41 |
0.68 |
|
Cashflow |
43,611,929 |
9.02 |
40,005,194 |
4.89 |
38,140,870 |
49.49 |
25,513,904 |
63.71 |
15,585,255 |
|
Net
worth |
220,446,439 |
13.88 |
193,570,069 |
15.95 |
166,937,314 |
22.40 |
136,385,693 |
12.27 |
121,474,680 |
|
LONG
TERM STABILITY |
|
|
|
|
|
|
|
|
|
|
Gearing |
4.98 |
37.57 |
3.62 |
-16.01 |
4.31 |
13.72 |
3.79 |
8.91 |
3.48 |
|
Equity
in percentage |
66.44 |
11.74 |
59.46 |
-15.62 |
70.47 |
32.74 |
53.09 |
-10.58 |
59.37 |
|
Total
debt ratio |
0.51 |
-27.14 |
0.70 |
59.09 |
0.44 |
-50.0 |
0.88 |
29.41 |
0.68 |
|
Working
capital |
131,640,186 |
-8.09 |
143,225,030 |
14.56 |
125,026,423 |
13.06 |
110,587,820 |
16.08 |
95,265,603 |
Profit & Loss
|
Operating
Income |
682,888,215 |
6.24 |
642,783,884 |
8.63 |
591,707,860 |
-13.38 |
683,110,451 |
23.60 |
552,686,778 |
|
Turnover |
642,738,883 |
5.55 |
608,923,282 |
8.98 |
558,771,396 |
-15.77 |
663,396,998 |
24.15 |
534,372,293 |
|
Total
operating expenses |
586,996,846 |
4.98 |
559,138,735 |
9.84 |
509,029,927 |
-20.12 |
637,273,737 |
22.69 |
519,428,860 |
|
Operating
Charges |
627,146,178 |
5.76 |
592,999,337 |
9.42 |
541,966,391 |
-17.51 |
656,987,190 |
22.17 |
537,743,345 |
|
Employee
costs |
34,972,645 |
10.09 |
31,767,168 |
31.34 |
24,186,092 |
6.24 |
22,764,757 |
11.61 |
20,397,558 |
|
Wages
and salary |
23,883,886 |
7.44 |
22,230,901 |
30.52 |
17,032,344 |
4.13 |
16,356,299 |
14.53 |
14,281,791 |
|
Employee
pension costs |
2,201,754 |
20.99 |
1,819,784 |
34.31 |
1,354,885 |
60.78 |
842,717 |
-30.49 |
1,212,286 |
|
Social
security contributions |
6,968,312 |
8.54 |
6,419,917 |
33.84 |
4,796,817 |
4.52 |
4,589,231 |
13.51 |
4,042,925 |
|
Other
employee costs |
1,918,693 |
47.98 |
1,296,566 |
29.39 |
1,002,046 |
2.62 |
976,510 |
13.47 |
860,556 |
|
Amortization
and depreciation |
6,252,796 |
-3.91 |
6,507,351 |
64.92 |
3,945,830 |
7.92 |
3,656,251 |
-10.83 |
4,100,208 |
|
Operating
result |
55,742,037 |
11.97 |
49,784,547 |
0.09 |
49,741,469 |
90.41 |
26,123,261 |
74.81 |
14,943,433 |
|
Total
financial income |
340,638 |
-41.34 |
580,728 |
-38.56 |
945,139 |
-81.66 |
5,152,065 |
1604 |
302,345 |
|
Total
financial expenses |
1,825,704 |
-2.34 |
1,869,448 |
85.86 |
1,005,824 |
372 |
212,889 |
-12.36 |
242,912 |
|
Results
on ordinary operations before taxation |
54,256,971 |
11.88 |
48,495,827 |
-2.39 |
49,680,784 |
59.94 |
31,062,437 |
107 |
15,002,866 |
|
Extraordinary
Income |
12,697 |
- |
- |
- |
- |
- |
- |
- |
118,667 |
|
Extraordinary
Charges |
- |
- |
11 |
- |
- |
- |
- |
- |
|
|
Extraordinary
items |
12,697 |
115427 |
-11 |
- |
0 |
- |
0 |
-100 |
118,667 |
|
Results
for the Year Before Taxation |
54,269,668 |
11.91 |
48,495,816 |
-2.39 |
49,680,784 |
59.94 |
31,062,437 |
105 |
15,121,533 |
|
Taxation |
16,918,579 |
12.75 |
15,006,017 |
-3.15 |
15,494,684 |
68.10 |
9,217,786 |
152 |
3,649,488 |
|
Results
on ordinary operations after taxation |
37338392 |
11.49 |
33489810 |
-2.04 |
34186100 |
56.50 |
21844651 |
92.41 |
11353378 |
|
Net
result |
37359133 |
11.53 |
33497843 |
-2.04 |
34195040 |
56.44 |
21857653 |
90.31 |
11485047 |
|
Profit
(Loss) for the year to be appropriated |
37369667 |
11.52 |
33508377 |
-2.04 |
34207314 |
56.36 |
21877816 |
90.16 |
11505210 |
|
Dividends
|
11217675 |
47.60 |
7600000 |
--- |
--- |
--- |
6941552 |
-36.89 |
11000000 |
|
Social Balance
Sheet |
Total |
|
||
|
During the reporting year ended 31-12-2013 |
||||
|
Full-time Employees |
257 |
|
|
|
|
Part-time Employees |
36 |
|
|
|
|
Total Fte Employees |
285 |
|
|
|
|
Number of hours worked |
|
|
|
|
|
Full-time Employees |
398,949 |
|
|
|
|
Part-time Employees |
42,114 |
|
|
|
|
Total |
441,063 |
|
|
|
|
|
||||
|
Personnel Charges |
||||
|
Full-time Employees |
30,145,515 |
|
|
|
|
Part-time Employees |
2,625,376 |
|
|
|
|
Total |
32,770,891 |
|
|
|
|
During the previous reporting year |
||||
|
Average number employees in Fte |
267 |
|
|
|
|
Actual working hours |
410,117 |
|
|
|
|
Personnel Charges |
29,947,384 |
|
|
|
|
|
||||
|
Type of Contract
Full-Time |
Full Time |
Part-Time |
Total Fte |
|
|
Unlimited Duration Contracts |
271 |
34 |
298 |
|
|
Gender and
Education Level |
||||
|
Men |
Full-Time |
Part-Time |
Total Fte |
|
|
Primary education |
6 |
1 |
7 |
|
|
Secondary education |
89 |
10 |
97 |
|
|
Higher education (non university) |
73 |
5 |
76 |
|
|
Higher education (university) |
40 |
1 |
40 |
|
|
Women |
Full-Time |
Part-Time |
Total Fte |
|
|
Primary education |
- |
2 |
2 |
|
|
Secondary education |
13 |
7 |
20 |
|
|
Higher education (non university) |
37 |
6 |
42 |
|
|
Higher education (university) |
13 |
2 |
15 |
|
|
|
|
|
|
|
|
|
||||
|
Working Category |
Full-Time |
Part-Time |
Total Fte |
|
|
White collar worker |
255 |
34 |
282 |
|
|
Blue collar worker |
16 |
- |
16 |
|
|
|
||||
|
Temporary personnel |
|
Total |
|
|
|
Average number of temporary staff |
7 |
|
|
|
|
Actual working hours |
|
16,506 |
|
|
|
Cost of temporary staff |
|
543,530 |
|
|
|
|
|
|
|
|
|
New staff and
leavers |
Full-Time |
Part-Time |
Total Fte |
|
|
New Starters |
43 |
2 |
45 |
|
|
Leavers |
15 |
2 |
17 |
|
Total of formal continuing vocational training initiatives
for workers paid by the employer Male
Female
Number of employees 247 75
Number of training hours 7,437 2,389
Net costs for enterprise 553,488 323,401
|
Total of less formal and informal continuing vocational training
initiatives for workers paid by the employer |
Male |
Female |
|
Number of employees |
247 |
75 |
|
Number of training hours |
9,817 |
1,955 |
|
Net costs for enterprise |
244,639 |
48,717 |
|
Payment expectation days |
59 |
|
Day sales outstanding |
36.47 |
|
Activity description |
Engaged as producers
of olefins and polyolefins and a leading supplier of Aromatics, Alpha Olefins, Styrenics, Specialty Chemicals, Piping, and Proprietary Plastics |
|
Industry average
payment expectation days |
667.24 |
|
Industry average
day sales outstanding |
85.89 |
Payment expectations
Company result 59
Lower 78.37
Median 55.46
Upper 37.59
Day sales outstanding
Company result 36.47
Lower 67.92
Median 50.09
Upper 29.54
Current director details
Name BENJAMIN MERMANS
Position Managing Director
Start Date 20/02/2004
Street 14 KLOMPENMAKERSTRAAT SINT-NIKLAAS
Post code 9100
Country Belgium
Position Director
Start Date 20/02/2004
Street 14 KLOMPENMAKERSTRAAT SINT-NIKLAAS
Post code 9100
Country Belgium
Name R.
DEE
Position Director
Start Date 18/06/2014
Street 9 AVENUE DE SOUBISE EIGENBRAKEL
Post code 1420
Country Belgium
Name ROBERT
DÉE
Position Director
Start Date 05/06/2013
Street 9 AVENUE DE SOUBISE EIGENBRAKEL
Post code 1420
Country Belgium
Name DOMINIQUE
RION
Position Director
Start Date 25/05/2012
Street 57 STROOBANTSSTRAAT HULDENBERG
Post code 3040
Country Belgium
Name RONALD E. CORN
Position Director
Start Date 01/01/2014
Country United States
Name MARK E. LASHIER
Position Director
Start Date 14/12/2011
Street 2706 TIMBERLOCH PLACE
Post code 77380
Country United States
Former Director Details
Name DANIEL M. COOMBS
Position Chairman of the Board
Start Date 01/01/2012
End Date 01/12/2013
Street 91 SOUTH ARROW CANYON CIRCLE
Post code 77389
Country United States
Position Director
Start Date 01/01/2012
End Date 01/12/2013
Street 91 SOUTH ARROW CANYON CIRCLE
Post code 77389
Country United States
Name MARK
HANEY
Position Chairman of the Board
Start Date 02/01/2009
End Date 31/12/2011
Country United States
Name TIMOTHY
TAYLOR
Position Director
Start Date 02/01/2009
End Date Unknown date
Street 71 HERITAGE HILL CIRCLE
Post code 77381
Country United States
Name GREGORY C. GARLAND
Position Director
Start Date 15/02/2002
End Date Unknown date
Country United States
Name J.
GALLOGLY
Position Director
Start Date 14/05/1997
End Date Unknown date
Street SPRING MAPLE
Post code 77059
Country United States
Name DOMINIQUE HENROTTE
Position Director
Start Date 10/05/2006
End Date 01/04/2013
Street 73 RUE DE LA VICTOIRE REMICOURT
Post code 4350
Country Belgium
Name HENRY
HEYSER
Position Director
Start Date 20/02/2004
End Date Unknown date
Street 31 RUE LA HAUT LASNE
Post code 1380
Country Belgium
Name JEAN-PAUL
VERMEIRE
Position Director
Start Date 08/05/1996
End Date Unknown date
Street 37 MARIE-JOSÉLAAN ANTWERPEN
Post code 2600
Country Belgium
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.61.69 |
|
UK Pound |
1 |
Rs.93.33 |
|
Euro |
1 |
Rs.71.49 |
INFORMATION DETAILS
|
Analysis Done by
: |
DIV |
|
|
|
|
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.