MIRA INFORM REPORT
|
Report No. : |
322543 |
|
Report Date : |
18.05.2015 |
IDENTIFICATION DETAILS
|
Name : |
ICL-IP TERNEUZEN B.V. |
|
|
|
|
Registered Office : |
Frankrijkweg 6 4538BJ Terneuzen |
|
|
|
|
Country : |
Netherlands |
|
|
|
|
Financials (as on) : |
31.12.2013 |
|
|
|
|
Date of Incorporation : |
23.12.1968 |
|
|
|
|
Com. Reg. No.: |
21011809 |
|
|
|
|
Legal Form : |
Private Company |
|
|
|
|
Line of Business : |
Manufacture of other organic basic chemicals (no petrochemical products) |
|
|
|
|
No. of Employees : |
86 (2015) |
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, the sixth-largest economy in the euro-zone, is noted for its important role as a European transportation hub, sizable trade surplus, stable industrial relations, and moderate unemployment and inflation. Industry focuses on 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 food-processing and export. 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 injected billions of dollars of capital into financial institutions to stem the deterioration. To address the economic downturn, the government also sought to stimulate the domestic economy by accelerating infrastructure programs, offering corporate tax breaks for employers to retain workers, and expanding export credits. 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 to reduce the budget deficit, and, in 2013, the government brought the budget deficit below the euro-zone limit of 3% of GDP. Though the Dutch economy remains fragile, a gradual improvement in GDP growth in 2014 helped reduce the deficit further through an increase in government tax revenues. Private consumption remains subdued because of high unemployment, low wage growth, and still-high levels of debt, which together with tax increases, have made households reluctant to spend. Private investment and export growth are susceptible to slower activity in the Netherlands’ European trading partners and geopolitical tensions that constrain international trade.
|
Source
: CIA |
Summary
|
Company name |
ICL-IP Terneuzen B.V. |
|
Operative
address |
Frankrijkweg
6 4538BJ Terneuzen Netherlands |
|
|
|
|
Legal form |
Private Company |
|
Registration number |
KvK-nummer: 21011809 |
|
VAT-number |
006242686 |
|
Year |
2013 |
Mutation |
2012 |
Mutation |
2011 |
|
Fixed assets |
41.278.000 |
13,86 |
36.254.000 |
4,09 |
34.828.000 |
|
Total receivables |
8.517.000 |
-19,03 |
10.519.000 |
8,10 |
9.731.000 |
|
Total equity |
44.138.000 |
2,55 |
43.040.000 |
30,86 |
32.890.000 |
|
Short term liabilities |
20.792.000 |
-6,47 |
22.231.000 |
0,17 |
22.194.000 |
|
Net result |
1.235.000 |
-87,07 |
9.552.000 |
56,05 |
6.121.000 |
|
Working capital |
9.336.000 |
-30,39 |
13.411.000 |
147,98 |
5.408.000 |
|
Quick ratio |
0,46 |
-36,11 |
0,72 |
50,00 |
0,48 |
Contact
information
Company name ICL-IP
Terneuzen B.V.
Trade names ICL-IP
Terneuzen B.V.
ICL-IP
Operative address Frankrijkweg
6
4538BJ Terneuzen
Netherlands
Correspondence address Postbus
318
4530AH Terneuzen
Netherlands
Telephone number 0115689000
Fax number 0115617291
Email address info@icl-ip.com
Website www.icl-ip.com
Registration
Registration
number KvK-nummer:
21011809
Branch
number 000016643186
VAT-number
006242686
Status
Active
Memorandum
1983-12-31
Establishment
date 1968-12-23
Legal form Private Company
Last
proposed admendment 2013-01-24
Issued
placed capital EUR
6.356.000
Paid
up share capital EUR 6.356.000
Activities
SBI Manufacture
of other organic basic chemicals (no petrochemical products) (20149)
ISO
certified Yes
ISO
certifier BSI
Group
ISO
standard ISO
14001:2004
Exporter
Yes
Importer Yes
Branche
organisations VNCI
- Vereniging van de Nederlandse Chemische Industrie
BMD
Advies Rijndelta
Goal De
vervaardiging van en handel in chemische produkten van allerlei soort
Relations
Shareholders ICL-IP
Europe B.V.
Fosfaatweg 48
1013BM Amsterdam
Netherlands
Registration number: 270767970000
Percentage: 100%
Companies on
same address F.C.
Broomchemie
Registration number: 403025200000
PV ICL-IP Terneuzen
Registration number: 40302799
Stichting Belangen Industrie
Oostelijke Kanaaloever
Registration number: 220470560000
Transbrom (Europe) B.V.
Registration number: 271420510001
Management
Active management R.J.H. Borms (Rudolf Johan Hendrik)
Netherlands
Competence: Jointly authorized
Function: Manager
Starting date: 2013-05-12
Date of birth: 1949-12-27, Sint Niklaas,
BE
Involved with the following companies
• ICL-IP Europe B.V.
Fosfaatweg 48 1013BM
Amsterdam Netherlands
Registration
number: 270767970000 Function: Proxy
E.A.A. Engels (Eduard Aloys Arsene)
Netherlands
Competence: Jointly
authorized
Function: Manager
Starting date:
2008-01-01
Date of birth:
1954-09-09, Terneuzen, NL
E.G.J. Voorn (Eduardus Gerardus Johannes)
Netherlands
Competence: Limited
authorization
Function: Proxy
Starting date:
1991-09-01
Date of birth:
1959-03-09, 's-Gravenhage, NL
Involved with the
following companies
•
ICL-IP Europe B.V.
Fosfaatweg
48 1013BM Amsterdam Netherlands
Registration
number: 270767970000 Function: Proxy
R. den Drijver (Rudolf)
Netherlands
Competence: Limited authorization Function: Proxy
Starting date: 2008-07-01
Date of birth: 1953-03-26, 's-Gravenhage, NL
Involved with the following companies
·
ICL-IP Europe B.V.
Fosfaatweg 48 1013BM Amsterdam Netherlands
Registration number: 270767970000
Function: Proxy
E.P.M. von Hout - Nonneman
(Edith Paulina Maria)
Netherlands
Competence: Limited
authorization
Function: Proxy
Starting date:
2005-06-01
Date of birth: 1954-05-11,
Vogelwaarde, NL
Involved with the
following companies
• ICL-IP Europe B.V.
Fosfaatweg
48 1013BM Amsterdam Netherlands
Registration
number: 270767970000 Function: Proxy
M.J.B. Meijer (Marcel Johannes Bernardus)
4532KJ
Netherlands
Competence: Limited
authorization
Function: Proxy
Starting date:
2005-09-01
Date of birth:
1969-07-12, Terneuzen, NL
Involved with the
following companies
• PV ICL-IP Terneuzen
Frankrijkweg 6 4538BJ
Terneuzen Netherlands
Registration number: 40302799 Function: Treasurer
D. Driesprong (Dionisius)
Netherlands
Competence: Limited
authorization
Function: Proxy
Starting date:
1995-01-01
Date of birth:
1959-03-14, Halsteren, NL
J. de Regt (Jacob)
Netherlands
Competence: Limited
authorization Function: Proxy
Starting date: 2002-07-01
Date of birth: 1955-02-22, Axel, NL
H.A.F. Hiel (Harold Aloysius Ferdinandus)
Netherlands
Competence: Limited
authorization
Function: Proxy
Starting date:
2008-03-06
Date of birth:
1968-06-04, Vogelwaarde, NL
F.Pos (Femke)
Netherlands
Competence: Limited
authorization
Function: Proxy
Starting date:
2014-08-05
Date of birth:
1978-12-11, Alkmaar, NL
|
Year |
2015 |
2014 |
2013 |
2012 |
2011 |
|
Total |
86 |
86 |
86 |
86 |
86 |
Payments
Description Payments are made regularly no complaints are known
Key
figures
|
Year |
2013 |
2012 |
2011 |
2010 |
2009 |
|
Quick
ratio |
0,46 |
0,72 |
0,48 |
0,50 |
0,36 |
|
Current
ratio |
1,45 |
1,60 |
1,24 |
1,03 |
0,92 |
|
|
|||||
|
Working
capital/ balance total |
0,13 |
0,19 |
0,09 |
0,01 |
-0,03 |
|
Equity
/ balance total |
0,62 |
0,60 |
0,53 |
0,49 |
0,52 |
|
Equity
/ Fixed assets |
1,07 |
1,19 |
0,94 |
0,81 |
0,81 |
|
Equity
/ liabilities |
1,62 |
1,49 |
1,11 |
1,31 |
1,08 |
|
Balance
total / liabilities |
2,62 |
2,49 |
2,11 |
2,64 |
2,08 |
|
|
|||||
|
Working
capital |
9.336.000 |
13.411.000 |
5.408.000 |
682.000 |
-1.621.000 |
|
Equity |
44.138.000 |
43.040.000 |
32.890.000 |
26.976.000 |
27.191.000 |
|
Mutation
equity |
2,55 |
30,86 |
21,92 |
-0,79 |
5,00 |
|
Mutation
short term liabilities |
-6,47 |
0,17 |
7,46 |
1,24 |
-16,37 |
|
|
|||||
|
Return
on total assets (ROA) |
2,14 |
16,21 |
14,19 |
1,78 |
3,16 |
|
Return
on equity (ROE) |
3,47 |
27,07 |
26,94 |
3,59 |
6,07 |
|
Gross
profit margin |
2,30 |
13,08 |
11,29 |
2,05 |
5,05 |
|
Net
profit margin |
1,60 |
10,06 |
7,57 |
2,18 |
2,33 |
|
|
|||||
|
Average
collection ratio |
3,72 |
4,27 |
3,64 |
2,92 |
2,51 |
|
Average
payment ratio |
9,08 |
9,03 |
8,31 |
6,56 |
7,66 |
|
Equity
turnover ratio |
1,75 |
2,21 |
2,46 |
2,23 |
1,89 |
|
Total
assets turnover ratio |
1,08 |
1,32 |
1,29 |
1,10 |
0,98 |
|
Fixed
assets turnover ratio |
1,87 |
2,62 |
2,32 |
1,81 |
1,53 |
|
Inventory
conversion ratio |
3,76 |
4,86 |
4,77 |
5,42 |
4,48 |
|
Turnover |
77.367.000 |
94.958.000 |
80.839.000 |
60.246.000 |
51.269.000 |
|
Year |
2013 |
2012 |
2011 |
2010 |
2009 |
|
Operating
result |
1.780.000 |
12.423.000 |
9.127.000 |
1.234.000 |
2.591.000 |
|
Net
result after taxes |
1.235.000 |
9.552.000 |
6.121.000 |
1.311.000 |
1.196.000 |
|
|
|||||
|
Gross
profit |
79.655.000 |
96.130.000 |
|
60.214.000 |
|
|
EBIT |
1.780.000 |
12.423.000 |
9.127.000 |
1.234.000 |
2.591.000 |
Summary
The 2013 financial result structure is a postive working
captial of 9.336.000 euro, which is in agreement with 13 % of the total assets
of the company.
The working capital has diminished with -30.39 % compared
to previous year. The ratio, with
respect to the total assets of the company has however, declined.
The deterioration between 2012 and 2013 has mainly been
caused by an increase of the current liabilities.
The current ratio of the company in 2013 was 1.45. When
the current ratio is below 1.5, the company may have problems meeting its
short-term obligations.
The quick ratio in 2013 of the company was 0.46. A company
with a Quick Ratio of less than 1 cannot currently pay back its current
liabilities.
The 2012 financial result structure is a postive working
captial of 13.411.000 euro, which is in agreement with 19 % of the total assets
of the company.
The working capital has increased with 147.98 % compared
to previous year. The ratio, with respect to the total assets of the company
has however, increased.
The improvement between 2011 and 2012 has mainly been
caused by an increase of the current assets.
The current ratio of the company in 2012 was 1.6. A
company with a current ratio between 1.5 and 3.0 generally indicates good
short-term financial strength.
The quick ratio in 2012 of the company was 0.72. A company
with a Quick Ratio of less than 1 cannot currently pay back its current
liabilities.
Financial
statement
Last annual account 2013
Remark annual account The
company is obliged to file its financial statements.
Type of annual account Corporate
Annual account ICL-IP
Terneuzen B.V.
Frankrijkweg 6
4538BJ Terneuzen
Netherlands
Registration number: 210118090000
Balance
|
Year |
2013 |
2012 |
2011 |
2010 |
2009 |
|
End
date |
2013-12-31 |
2012-12-31 |
2011-12-31 |
2010-12-31 |
2009-12-31 |
|
Intangible fixed assets |
352.000 |
409.000 |
448.000 |
284.000 |
294.000 |
|
Other
tangible fixed assets |
|
|
|
32.965.000 |
|
|
Tangible fixed assets |
39.530.000 |
34.399.000 |
32.724.000 |
32.965.000 |
33.236.000 |
|
Financial fixed assets |
1.396.000 |
1.446.000 |
1.656.000 |
|
|
|
Fixed assets |
41.278.000 |
36.254.000 |
34.828.000 |
33.249.000 |
33.530.000 |
|
|
|||||
|
Other
stock |
|
|
|
11.110.000 |
|
|
Total stock |
20.572.000 |
19.548.000 |
16.932.000 |
11.110.000 |
11.456.000 |
|
Accounts
receivable |
7.567.000 |
9.507.000 |
9.013.000 |
6.868.000 |
5.438.000 |
|
Other
receivables |
950.000 |
1.012.000 |
718.000 |
2.321.000 |
1.256.000 |
|
Total receivables |
8.517.000 |
10.519.000 |
9.731.000 |
9.189.000 |
6.694.000 |
|
Liquid
funds |
1.039.000 |
5.575.000 |
939.000 |
1.036.000 |
630.000 |
|
accruals |
|
|
|
2.321.000 |
|
|
Current assets |
30.128.000 |
35.642.000 |
27.602.000 |
21.335.000 |
18.780.000 |
|
Total assets |
71.406.000 |
71.896.000 |
62.430.000 |
54.584.000 |
52.310.000 |
|
|
|||||
|
Issued capital |
6.356.000 |
6.356.000 |
6.356.000 |
6.356.000 |
6.356.000 |
|
Share
premium reserve |
597.000 |
597.000 |
597.000 |
597.000 |
597.000 |
|
Other
reserves |
35.950.000 |
26.535.000 |
19.816.000 |
18.712.000 |
19.042.000 |
|
Non-distributable
profit |
1.235.000 |
9.552.000 |
6.121.000 |
1.311.000 |
1.196.000 |
|
Total reserves |
37.782.000 |
36.684.000 |
26.534.000 |
20.620.000 |
20.835.000 |
|
Total equity |
44.138.000 |
43.040.000 |
32.890.000 |
26.976.000 |
27.191.000 |
|
|
|||||
|
Provisions |
6.476.000 |
6.625.000 |
7.346.000 |
6.955.000 |
4.718.000 |
|
Accounts
payable |
2.331.000 |
3.320.000 |
5.255.000 |
2.826.000 |
2.571.000 |
|
Other
short term liabilities |
18.461.000 |
18.911.000 |
16.939.000 |
17.827.000 |
17.830.000 |
|
Short term liabilities |
20.792.000 |
22.231.000 |
22.194.000 |
20.653.000 |
20.401.000 |
|
Total short and long term liabilities |
27.268.000 |
28.856.000 |
29.540.000 |
20.653.000 |
25.119.000 |
|
Total liabilities |
71.406.000 |
71.896.000 |
62.430.000 |
54.584.000 |
52.310.000 |
Summary
The total assets remained the same between 2012 and 2013.
Despite the fact that the total assets remained the same, the fixed assets increased with 13.86 %.
Despite thee unchanged assets the net worth grew with 2.55 %, which has resulted in the fact that the company's indebtedness declined with -5.5 %.
In 2013 the assets of the company were 57.81 % composed of fixed assets and 42.19 % by
current assets. The assets are being financed by an equity of 61.81 %, and total debt of 38.19 %.
The total assets of the company increased with 15.16 % between 2011 and 2012.
The fixed asset growth of 4.09 % is lower than the total asset growth.
The assets growth has been financed by a Net Worth increase of 30.86 %. The company's net increase has also covered a reduction of -2.32 % of the company's indebtedness.
In 2012 the assets of the company were 50.43 % composed of fixed assets and 49.57 % by current assets. The assets are being financed by an equity of 59.86 %, and total debt of 40.14 %.
Profit
and loss
|
Year |
2013 |
2012 |
2011 |
2010 |
2009 |
|
Revenues |
80.450.000 |
99.130.000 |
83.499.000 |
60.214.000 |
52.629.000 |
|
Other
operating income |
795.000 |
3.000.000 |
2.660.000 |
-32.000 |
1.360.000 |
|
Net turnover |
77.367.000 |
94.958.000 |
80.839.000 |
60.246.000 |
51.269.000 |
|
|
|||||
|
other
operating costs |
|
|
|
58.980.000 |
|
|
Operating
expenses |
78.670.000 |
86.707.000 |
74.372.000 |
58.980.000 |
50.038.000 |
|
Operating result |
1.780.000 |
12.423.000 |
9.127.000 |
1.234.000 |
2.591.000 |
|
|
|||||
|
Financial
income |
965.000 |
821.000 |
334.000 |
526.000 |
12.000 |
|
Financial
expenses |
1.214.000 |
1.591.000 |
602.000 |
791.000 |
952.000 |
|
Financial
result |
-249.000 |
-770.000 |
-268.000 |
-265.000 |
-940.000 |
|
Result on ordinary operations before taxes |
1.531.000 |
11.653.000 |
8.859.000 |
969.000 |
1.651.000 |
|
|
|||||
|
Taxation
on the result of ordinary activities |
296.000 |
2.101.000 |
2.738.000 |
-342.000 |
455.000 |
|
Year |
2013 |
2012 |
2011 |
2010 |
2009 |
|
Result of ordinary activities after taxes |
1.235.000 |
9.552.000 |
6.121.000 |
1.311.000 |
1.196.000 |
|
|
|||||
|
Net result |
1.235.000 |
9.552.000 |
6.121.000 |
1.311.000 |
1.196.000 |
Summary
The turnover of the company decreased by -18.53 % between
2012 and 2013.
The operating result of the company declined with -85.67 %
between 2012 and 2013. 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 -86.8 % of the analysed period, being equal
to 2012 % in the year 2013.
This fall has contributed to a asset turnover decrease,
whose index evolved from -18.18 to a level of 1.08.The Net Result of the
company increased by -87.07 % between 2012 and 2013.
The company's Financial Profitability has been positively affected
by the financial activities in comparison to the EBITs behaviour. The result of
these variations is a profitability increase of -87.18 % of the analysed
period, being 3.47 % in the year 2013.
The company's financial profitability has been positively
affected by its financial structure.
The turnover of the company grew with 17.47 % between 2011
and 2012.
The operating result of the company grew with 36.11 %
between 2011 and 2012. This evolution implies an increase of the company's
economic profitability.
The result of these changes is an increase of the
company's Economic Profitability of 14.24
% of the analysed period, being equal to 2011 % in the
year 2012.
This growth has contributed to the increase in assets
turnover, increasing by 2.33 % reaching 1.32.
The Net Result of the company decreased by 56.05 % 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 0 % of the analysed
period, being 27.07 % in the year 2012.
The company's financial profitability has not been
affected by its financial structure.
Analysis
Branch (SBI) MANUFACTURE OF
CHEMICALS AND CHEMICAL PRODUCTS (20)
Region Zeeland
In the Netherlands 1365 of the companies are
registered with the SBI code 20
In the region Zeeland 33 of the companies
are registered with the SBI code 20
In the Netherlands 17 of the bankrupcties
are published within this sector
In the region Zeeland 2 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 Zeeland is normal
Publications
Filings 06-06-2014:
De jaarrekening over 2013 is gepubliceerd.
31-07-2013: De jaarrekening
over 2012 is gepubliceerd.
27-06-2012: De jaarrekening
over 2011 is gepubliceerd.
26-08-2011: De jaarrekening
over 2010 is gepubliceerd.
Functions 08-08-2014:
Per 05-08-2014 is gevolmachtigde Femke Pos in functie getreden.
15-07-2013: Per 12-05-2013 is
bestuurder Rudolf Johan Hendrik Borms in functie getreden.
11-07-2013: Per 12-05-2013 is
bestuurder Rudolf Johan Hendrik Borms uit functie getreden.
09-07-2013: Per 12-05-2013 is
bestuurder Rudolf Johan Hendrik Borms in functie getreden.
09-07-2013: Per 12-05-2013 is
bestuurder Valentin Carlos Antonius Maria van den Boogaarduit functie getreden.
15-03-2013: Per 01-01-2013 is
gevolmachtigde Willem Adolf Maria Hageman uit functie
getreden.
20-02-2013: Per 24-01-2013 is
bestuurder Valentin Carlos Antonius Maria van den Boogaard
in functie getreden.
05-07-2011: Per 28-06-2011 is
commissaris Jantina Catharina Uneken-van de Vreede uit
functie getreden.
05-07-2011: Per 28-06-2011 is
commissaris Gijsbrecht Martinus Christoffel Cremer
Eindhoven uit functie
getreden.
05-07-2011: Per 28-06-2011 is
commissaris Ronny Cerille Elodie Barbé uit functie getreden.
05-07-2011: Per 28-06-2011 is
commissaris Arie Pieter Johannes Buis uit functie getreden.
Amendments
20-02-2013:
Per 24-1-2013 is de bevoegdheid van Bestuurder Eduard Aloys Arsène Engels
gewijzigd.
07-02-2013: Per 24-1-2013
statuten gewijzigd.
05-07-2011: Per 28-6-2011
statuten gewijzigd.
Other 09-04-2015:
... Datum deponering: 07-04-2015 Boekjaar: 2014 Soort deponering:
Geconsolideerde jaarrekening
(art. 408 BW2).
13-07-2012: Datum deponering:
26-06-2012 Soort deponering: Geconsolideerde
jaarrekening 408.
Company
structure
Relations
ICL-IP Europe B.V.
Fosfaatweg 48
1013BM Amsterdam
Netherlands
Registration number: 270767970000
• ICL-IP Terneuzen B.V.
Frankrijkweg 6
4538BJ Terneuzen
Netherlands
Registration number:
210118090000
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.63.58 |
|
|
1 |
Rs.100.30 |
|
Euro |
1 |
Rs.72.38 |
INFORMATION DETAILS
|
Analysis Done by
: |
RAS |
|
|
|
|
Report Prepared
by : |
VNT |
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.