MIRA INFORM REPORT

 

 

Report No. :

319076

Report Date :

06.05.2015

 

IDENTIFICATION DETAILS

 

Name :

CAMIDA LIMITED

 

 

Formerly Known As :

ALL CHEM (IRELAND) LIMITED

 

 

Registered Office :

Tower House Newquay Clonmel 169221

 

 

Country :

Ireland

 

 

Financials (as on) :

31.12.2013

 

 

Date of Incorporation :

23.12.1988

 

 

Com. Reg. No.:

IE138561

 

 

Legal Form :

Private limited with Share Capital

 

 

Line of Business :

Sale of speciality chemicals.

 

 

No. of Employee :

30

 

 

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)

Ireland

A2

A2

 

Risk Category

ECGC Classification

Insignificant

 

A1

Low

 

A2

Moderate

 

B1

High

 

B2

Very High

 

C1

Restricted

 

C2

Off-credit

 

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 dropped sharply during the world financial crisis and the subsequent collapse of its domestic property market and construction industry. Faced with sharply reduced revenues and a burgeoning budget deficit from efforts to stabilize its fragile banking sector, the Irish Government introduced the first in a series of draconian budgets in 2009. 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. 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 banking sector and avoid defaulting on its sovereign debt. In March 2011, the KENNY government intensified austerity measures to meet the deficit targets under Ireland's EU-IMF bailout program. 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. In 2014, the economy rapidly picked up and GDP grew by 3.6%. The recovering economy assisted lowering the deficit to 4.2% of GDP. In late 2014, the government introduced a fiscally neutral budget, marking the end of the austerity program. 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. Ireland’s low corporation tax of 12.5% has been central to encouraging business investment. Loose tax residency requirements made Ireland a common destination for international firms seeking to avoid taxation. Amid growing international pressure the government announced it would phase in more stringent tax laws, effectively closing a loophole.

 

Source : CIA

 

Company name and address

 

CAMIDA LIMITED

 

Company No:              IE138561

 

Registered Address:     TOWER HOUSE

NEWQUAY

CLONMEL

169221

 

 

Company Summary

 

Company  Summary

 

 

 

Registered  Address

TOWER  HOUSE

Trading  Address

TOWER  HOUSE

 

NEWQUAY

 

NEWQUAY

 

CLONMEL

 

CLONMEL

 

169221

 

CO  TIPPERARY

 

 

 

169221

Website  Address

-

 

 

Telephone  Number

0862361166

Fax  Number

 

TPS

No

FPS

No

Incorporation  Date

23/12/1988

 

 

Previous  Name

ALL  CHEM  (IRELAND)  LIMITED   

Type

Private  limited  with  Share  Capital

 

 

FTSE  Index

-

Date  of  Change

-

Filing  Date  of  Accounts

-

Currency

EUR

Share  Capital

€362

SIC07

 

Charity  Number

-

Principal  Activity

The  sale  of  speciality  chemicals

 

 

Key Financials

 

Year  to  Date

Turnover

Pre  Tax  Profit

Shareholder

Funds  Employees

31/12/2013

€21,694,231

€1,141,256

€4,300,429

30

31/12/2012

€22,500,424

€1,154,662

€3,639,040

28

31/12/2011

€20,043,527

€1,120,111

€2,832,902

27

 

 


Mortgage Summary

 

Total  Mortgage

10

Outstanding

10

Satisfied

0

 

 

Trade  Debtors  /  Bad  Debt  Summary

 

Total  Number  of  Documented  Trade

0

Total  Value  of  Documented  Trade

€0

 

 

Commentary

 

No exact match CCJs are recorded against the company.

Net Worth increased by 18.2% during the latest trading period.

The company saw an increase in their Cash Balance of 77.9% during the latest trading period.

 

 

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

 

 

Total  Current  Directors

6

Total  Current  Secretaries

1

Total  Previous  Directors  /  Company Secretaries

13

 

 

Current Directors

 

Name

DAVID  ANCHELL

Date  of  Birth

31/05/1954

Officers  Title

 

Nationality

 

Present  Appointments

8

Function

Director

Appointment  Date

23/12/1988

 

 

Address

NEW  INN,  CASHEL,  CO.  TIPPERARY.

 

 

 

Name

ORLA  HEENAN

Date  of  Birth

11/11/1965

Officers  Title

 

Nationality

 

Present  Appointments

3

Function

Director

Appointment  Date

01/07/1997

 

 

Address

 

12 AUBURN  GREEN,  CLONMEL,  CO  TIPPERARY

 

 

Name

BRENDAN  HANNIFFY

Date  of  Birth

29/06/1944

Officers  Title

 

Nationality

 

Present  Appointments

1

Function

Director

Appointment  Date

04/01/2005

 

 

Address

 

3 COOLGREANEY  CLOSE,  CLONMEL,  CO.  TIPPERARY

 

 

Name

MAURICE  ANTHONY  HEALY

Date  of  Birth

13/06/1953

Officers  Title

 

Nationality

 

Present  Appointments

11

Function

Director

Appointment  Date

30/05/2006

 

 

Address

 

HILLSIDE,  WHITEHALL  ROAD,  CHURCHTOWN,  DUBLIN  14

 

 

Name

GARETH  HEALY

Date  of  Birth

07/07/1982

Officers  Title

 

Nationality

 

Present  Appointments

3

Function

Director

Appointment  Date

16/02/2015

 

 

Address

 

GLENCARRICK,  GLENAMUCK  SOUTH  ROAD,  KILTERNAN,  DUBLIN  18

 

 

Name

JAKE  ANCHELL

Date  of  Birth

27/07/1981

Officers  Title

 

Nationality

 

Present  Appointments

1

Function

Director

Appointment  Date

16/02/2015

 

 

Address

 

GARRANLEA,  NEW  INN,  CASHEL,  CO  TIPPERARY

 

 

 


Current Company Secretary

 

Name

DEIRDRE  MC  GRATH

Date  of  Birth

19/01/1968

Officers  Title

 

Nationality

 

Present  Appointments

1

Function

Company  Secretary

Appointment  Date

12/06/2000

 

 

Address

 

MARLHILL  NEW  INN,  CASHEL,  CO.  TIPPERARY

 

 

 

Top 20 Shareholders

 

Name

Currency

Share  Count

Share  Type

Nominal  Value

CAMIDA  HOLDINGS  LTD

EUR

285

ORDINARY

1.27

 

Unable  to  report  percentage  holdings  as  filed  Shareholder  listing  is  not  full.

 

 

Profit & Loss

 

Date Of  Accounts

31/12/13

(%)

31/12/12

(%)

31/12/11

(%)

31/12/10

(%)

31/12/09

Weeks

52

(%)

52

(%)

52

(%)

52

(%)

52

Currency

EUR

(%)

EUR

(%)

EUR

(%)

EUR

(%)

EUR

Consolidated

 

 

 

 

 

 

 

 

 

 

N

(%)

N

(%)

N

(%)

N

(%)

N

A/cs

 

 

 

 

 

 

 

 

 

Turnover

€21,694,231

-3.6%

€22,500,424

12.3%

€20,043,527

26%

€15,906,638

21.7%

€13,069,689

Export

€9,629,231

13.1%

€8,514,704

12.8%

€7,546,522

-3.7%

€7,839,829

35.1%

€5,805,006

Cost  of  Sales

€16,902,069

-6.4%

€18,055,983

13.4%

€15,926,382

27.3%

€12,506,814

21%

€10,338,877

Gross  Profit

€4,792,162

7.8%

€4,444,441

7.9%

€4,117,145

21.1%

€3,399,824

24.5%

€2,730,812

Wages  &Salaries

€2,182,520

9.4%

€1,994,410

8.8%

€1,832,560

13.7%

€1,612,131

-1.9%

€1,642,527

Directors Emoluments

€762,677

-0.6%

€767,545

47.9%

€519,088

-14.3%

€605,672

0.5%

€602,720

Operating  Profit

€1,210,366

-3.6%

€1,256,118

2.7%

€1,222,989

37.5%

€889,623

647.8%

€118,960

Depreciation

€161,772

10.6%

€146,289

5%

€139,286

-1.3%

€141,131

-5.5%

€149,290

Audit  Fees

€14,700

1.4%

€14,500

4.3%

€13,900

-

€13,900

-

€13,900

Interest

 

 

 

 

 

 

 

 

 

 

€69,110

-31.9%

€101,456

-1.4%

€102,878

17%

€87,917

-3.8%

€91,401

Payments

 

 

 

 

 

 

 

 

 

Pre  Tax  Profit

€1,141,256

-1.2%

€1,154,662

3.1%

€1,120,111

39.7%

€801,706

999.9%

€27,559

Taxation

-€179,867

-6.9%

-€168,289

-3.1%

-€163,198

-29.5%

-€126,012

-210.6%

-€40,567

Profit  After  Tax

€961,389

-2.5%

€986,373

3.1%

€956,913

41.6%

€675,694

999.9%

-€13,008

Dividends

Payable

€300,000

66.4%

€180,235

-20%

€225,294

150%

€90,118

-54.9%

€200,000

Retained  Profit

€661,389

-18%

€806,138

10.2%

€731,619

24.9%

€585,576

374.9%

-€213,008

 

 

Balance Sheet

 

Date Of Accounts

31/12/13

(%)

31/12/12

(%)

31/12/11

(%)

31/12/10

(%)

31/12/09

Tangible Assets

€1,609,962

-1.7%

€1,637,846

7.7%

€1,520,530

-0.4%

€1,527,001

-23.8%

€2,002,811

Intangible Assets

0

-

0

-

0

-

0

-

0

Total Fixed Assets

€1,609,962

-1.7%

€1,637,846

7.7%

€1,520,530

-0.4%

€1,527,001

-23.8%

€2,002,811

Stock

€2,036,367

-21.8%

€2,603,680

13.5%

€2,293,179

62.2%

€1,413,409

100.6%

€704,690

Trade Debtors

€2,747,089

-5.6%

€2,910,300

-10%

€3,235,143

27.9%

€2,529,375

45.3%

€1,740,226

Cash

€329,755

77.9%

€185,385

-13.9%

€215,303

26.5%

€170,222

69.8%

€100,220

Other Debtors

€344,170

45.4%

€236,670

-17%

€285,112

42.7%

€199,864

202.4%

€66,084

Miscellaneous Current Assets

0

-

0

-100%

€4,810

-

0

-

0

Total Current Assets

€5,457,381

-8.1%

€5,936,035

-1.6%

€6,033,547

39.9%

€4,312,870

65.2%

€2,611,220

Trade Creditors

€1,042,274

-42.9%

€1,826,946

-0.4%

€1,834,770

44.5%

€1,269,492

81.9%

€697,953

Bank Loans & Overdrafts

0

-

0

-

0

-100%

€7,710

-93.4%

€116,916

Other Short Term Finance

€1,211,018

-17.3%

€1,464,214

-31.5%

€2,138,410

37.3%

€1,557,890

70.1%

€915,969

Miscellaneous Current Liabilities

€77,901

9.4%

€71,222

-32.7%

€105,859

-23.7%

€138,739

169.7%

€51,437

Total Current Liabilities

€2,331,193

-30.7%

€3,362,382

-17.6%

€4,079,039

37.2%

€2,973,831

66.9%

€1,782,275

Bank Loans & Overdrafts and LTL

€435,721

-23.9%

€572,459

-10.9%

€642,136

-16.9%

€772,467

-24.6%

€1,023,988

Other Long Term Finance

€435,721

-23.9%

€572,459

-10.9%

€642,136

-16%

€764,757

-15.7%

€907,072

Total Long Term Liabilities

€435,721

-23.9%

€572,459

-10.9%

€642,136

-16%

€764,757

-15.7%

€907,072

 

 

Capital & Reserves

 

Date Of Accounts

31/12/13

(%)

31/12/12

(%)

31/12/11

(%)

31/12/10

(%)

31/12/09

Called Up Share Capital

€362

-

€362

-

€362

-

€362

-

€362

P & L Account Reserve

€4,157,165

18.9%

€3,495,776

30%

€2,689,638

37.4%

€1,958,019

42.7%

€1,372,443

Revaluation Reserve

€142,902

-

€142,902

-

€142,902

-

€142,902

-74.1%

€551,879

Sundry Reserves

--

--

--

--

--

--

--

--

--

Shareholder Funds

€4,300,429

18.2%

€3,639,040

28.5%

€2,832,902

34.8%

€2,101,283

9.2%

€1,924,684

 

 

Other Financial Items

 

Date Of Accounts

31/12/13

(%)

31/12/12

(%)

31/12/11

(%)

31/12/10

(%)

31/12/09

Net Worth

€4,300,429

18.2%

€3,639,040

28.5%

€2,832,902

34.8%

€2,101,283

9.2%

€1,924,684

Working Capital

€3,126,188

21.5%

€2,573,653

31.7%

€1,954,508

46%

€1,339,039

61.5%

€828,945

Total Assets

€7,067,343

-6.7%

€7,573,881

0.3%

€7,554,077

29.4%

€5,839,871

26.6%

€4,614,031

Total Liabilities

€2,766,914

-29.7%

€3,934,841

-16.7%

€4,721,175

26.3%

€3,738,588

39%

€2,689,347

Net Assets

€4,300,429

18.2%

€3,639,040

28.5%

€2,832,902

34.8%

€2,101,283

9.2%

€1,924,684

 

 

Cash Flow

 

Date Of Accounts

31/12/13

(%)

31/12/12

(%)

31/12/11

(%)

31/12/10

(%)

31/12/09

Net Cashflow from Operations

€1,248,782

-5.7%

€1,324,778

190.4%

€456,237

999.9%

-€34,027

-113.6%

€249,825

Net Cashflow before Financing

€480,701

-16.2%

€573,341

358.1%

-€222,122

25.2%

-€297,139

-41.6%

-€209,824

Net Cashflow from Financing

-€336,331

44.2%

-€603,259

-319.4%

€274,913

-42.3%

€476,347

999.9%

-€5,949

Increase in Cash

€144,370

582.6%

-€29,918

-156.7%

€52,791

-70.5%

€179,208

183.1%

-€215,773

 

 

Miscellaneous

 

Date Of Accounts

31/12/13

(%)

31/12/12

(%)

31/12/11

(%)

31/12/10

(%)

31/12/09

Contingent Liability

NO

-

NO

-

NO

-

NO

-

NO

Capital Employed

€4,736,150

12.5%

€4,211,499

21.2%

€3,475,038

21.2%

€2,866,040

1.2%

€2,831,756

Number of Employees

30

7.1%

28

3.7%

27

8%

25

-

25

 

Auditors

PRICEWATERHOUSECOOPERS

Auditor Comments

The audit report contains no adverse comments

Bankers

ALLIED IRISH BANK

Bank Branch Code

93-53-79

 

 

Ratios

 

Date Of Accounts

31/12/13

31/12/12

31/12/11

31/12/10

31/12/09

Pre-tax profit margin %

5.26

5.13

5.59

5.04

0.21

Current ratio

2.34

1.77

1.48

1.45

1.47

Sales/Net Working Capital

6.94

8.74

10.26

11.88

15.77

Gearing %

10.10

15.70

22.70

36.80

53.20

Equity in %

60.80

48

37.50

36

41.70

Creditor Days

17.48

29.55

33.32

29.05

19.43

Debtor Days

46.09

47.08

58.75

57.88

48.46

Liquidity/Acid Test

1.46

0.99

0.91

0.97

1.06

Return On Capital Employed %

24.09

27.41

32.23

27.97

0.97

Return On Total Assets Employed %

16.14

15.24

14.82

13.72

0.59

Current Debt Ratio

0.54

0.92

1.43

1.41

0.92

Total Debt Ratio

0.64

1.08

1.66

1.77

1.39

Stock Turnover Ratio %

9.38

11.57

11.44

8.88

5.39

Return on Net Assets Employed %

26.53

31.72

39.53

38.15

1.43

 

 

Report Notes

 

There are no notes to display.

 

 

Status History

 

No Status History found

 

 

Event History

 

Date

Description

16/02/2015

New  Board  Member  (JAKE  ANCHELL)  appointed

16/02/2015

New  Board  Member  (GARETH  HEALY)  appointed

05/12/2014

BERNARD  POLLARD  has  left  the  board

17/11/2014

New  Accounts  Filed

17/11/2014

New  Accounts  Filed

15/11/2014

Annual  Returns

01/06/2013

New  Accounts  Filed

31/05/2013

Annual  Returns

12/07/2012

New  Accounts  Filed

11/07/2012

Annual  Returns

11/07/2012

New  Accounts  Filed

11/07/2012

New  Accounts  Filed

20/01/2012

NOEL  HASTINGS  has  left  the  board

29/08/2011

New  Accounts  Filed

29/08/2011

New  Accounts  Filed

 

 

Previous Company Names

 

Date                                                     Previous Name

 

N/A                                                       ALL CHEM (IRELAND) LIMITED

11/07/1991                                            A.C.I. LIMITED

 

 

Received Documents

 

WRIT DETAILS

 

No writs found

 

Statistics

 

Summary

 

Group

3 companies

Holding  Company

CAMIDA  HOLDINGS  LIMITED

Linkages

0 companies

Ownership  Status

Intermediately  Owned

Countries

In  0  countries

Ultimate  Holding  Company

CAMIDA  HOLDINGS  LIMITED


 

Group Structure

 

Company  Name

Registered Number 

Latest Key

Financials

Consol.

Accounts

Turnover

 

Number

Financials

 

 

CAMIDA  HOLDINGS  LIMITED

IE281525

31.12.2013

N

€300,000

CAMIDA  LIMITED

02377502

31.12.2013

 

 

CAMIDA  LIMITED

IE138561

31.12.2013

N

€21,694,231

 

 

Business Owner Links

 

Business  Name

Business  No

Business  Status.

CAMIDA  LIMITED

IE138561

 

  CAMIDA

157775

NORMAL

 

 

Mortgage Details

 

Mortgage  Details

 

Mortgage  Type:

A  charge  on  land,  wherever  situate,  or  any  interest  therein,  but  not  including  a  charge  for  any  rent

Date  Charge  Created:

27/01/14

Date  Charge  Registered:

30/01/14

Date  Charge  Satisfied:

-

Status:

NOT  SATISFIED

Person(s)  Entitled:

ALLIED  IRISH  BANKS  PLC

Amount  Secured:

 

Details:

 

Mortgage  Type:

A  charge  on  land,  wherever  situate,  or  any  interest  therein,  but  not  including  a  charge  for  any  rent

Date  Charge  Created:

27/01/14

Date  Charge  Registered:

30/01/14

Date  Charge  Satisfied:

-

Status:

NOT  SATISFIED

Person(s)  Entitled:

ALLIED  IRISH  BANKS  PLC

Amount  Secured:

 

Details:

 

Mortgage  Type:

A  charge  on  land,  wherever  situate,  or  any  interest  therein,  but  not  including  a  charge  for  any  rent

Date  Charge  Created:

18/01/08

Date  Charge  Registered:

24/01/08

Date  Charge  Satisfied:

-

Status:

NOT  SATISFIED

Person(s)  Entitled:

ALLIED  IRISH  BANKS  PLC

Details:

 

Mortgage  Type:

A  charge  on  land,  wherever  situate,  or  any  interest  therein,  but  not  including  a  charge  for  any  rent

Date  Charge  Created:

07/09/05

Date  Charge  Registered:

15/09/05

Date  Charge  Satisfied:

-

Status:

NOT  SATISFIED

Person(s)  Entitled:

ALLIED  IRISH  BANKS  PLC

Amount  Secured:

1550000

Details:

 

Mortgage  Type:

MORTGAGE/CHARGE.

Date  Charge  Created:

10/08/99

Date  Charge  Registered:

17/08/99

Date  Charge  Satisfied:

-

Status:

NOT  SATISFIED

Person(s)  Entitled:

ALLIED  IRISH  BANKS  PLC

Details:

ALL SUMS NOW DUE OR HEREAFTER TO BECOME DUE FROM THE COMPANY TO THE

PERSON(S) ENTITLED

Mortgage Type:

LETTER OF UNDERTAKING FROM SOLICITORS

Date Charge Created:

15/03/99

Date Charge Registered:

19/03/99

Date Charge Satisfied:

-

Status:

NOT SATISFIED

Person(s) Entitled:

ALLIED IRISH BANKS PLC

Amount Secured:

 

Mortgage  Type:

MORTGAGE/CHARGE.

Date  Charge  Created:

25/06/96

Date  Charge  Registered:

04/07/96

Date  Charge  Satisfied:

-

Status:

NOT  SATISFIED

Person(s)  Entitled:

ALLIED  IRISH  BANKS  PLC

Amount  Secured:

0

 

ALL  SUMS  NOW  DUE  OR  HEREAFTER  TO  BECOME  DUE  FROM  THE  COMPANY  TO  THE

Details:

 

 

PERSON(S)  ENTITLED

Mortgage  Type:

A  MORTGAGE.

Date  Charge  Created:

15/12/94

Date  Charge  Registered:

21/12/94

Date  Charge  Satisfied:

-

Status:

NOT  SATISFIED

Person(s)  Entitled:

IRISH  PERMANENT  PLC

Amount  Secured:

162700

Details:

 

Mortgage  Type:

A  DEBENTURE.

Date  Charge  Created:

18/08/94

Date  Charge  Registered:

30/08/94

Date  Charge  Satisfied:

-

Status:

NOT  SATISFIED

Person(s)  Entitled:

AIB  COMMERCIAL  SERVICES  LIMITED

Amount  Secured:

0

 

ALL  SUMS  NOW  DUE  OR  HEREAFTER  TO  BECOME  DUE  FROM  THE  COMPANY  TO  THE

Details:

 

 

PERSON(S)  ENTITLED

Mortgage  Type:

A  DEBENTURE.

Date  Charge  Created:

23/01/91

Date  Charge  Registered:

07/02/91

Date  Charge  Satisfied:

-

Status:

NOT  SATISFIED

Person(s)  Entitled:

ALLIED  IRISH  BANKS  PLC

Amount  Secured:

0

Details:

ALL SUMS NOW DUE OR HEREAFTER TO BECOME DUE FROM THE COMPANY TO THE PERSON(S) ENTITLED

 

 

Previous Director/Company Secretaries

 

Name

Current  Directorships

Previous  Directorships

FRANZ  WILLI  SINET

0

2

FRANZ  WILLI  SINET

0

2

MICHAEL  IAN  ARMSTRONG

0

1

DAVID  ANCHELL

8

3

DAVID  ANCHELL

8

3

OLIVER  MCAULIFFE

0

1

ALLAN  HUGHES

0

2

ITA LA  ROCHE

0

1

MARY  BRITTON

4

3

GEOFFREY  LANGDALE

0

1

DONALD  MCDONAGH

0

1

BERNARD  POLLARD

0

2

NOEL  HASTINGS

0

1

 

 

Average  Invoice  Value

€1691.34

Invoices  available

3

Paid

3

Outstanding

0

 

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

2

1

0

0

0

Outstanding

0

0

0

0

0

 

 


 

FOREIGN EXCHANGE RATES

 

Currency

Unit

Indian Rupees

US Dollar

1

Rs.63.52

UK Pound

1

Rs.95.96

Euro

1

Rs.70.54

 

 

INFORMATION DETAILS

 

Analysis Done by :

KAR

 

 

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%)

 

 

PRIVATE & CONFIDENTIAL : This information is provided to you at your request, you having employed MIPL for such purpose. You will use the information as aid only in determining the propriety of giving credit and generally as an aid to your business and for no other purpose. You will hold the information in strict confidence, and shall not reveal it or make it known to the subject persons, firms or corporations or to any other. MIPL does not warrant the correctness of the information as you hold it free of any liability whatsoever. You will be liable to and indemnify MIPL for any loss, damage or expense, occasioned by your breach or non observance of any one, or more of these conditions

This report is issued at your request without any risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL) or its officials.