|
Report No. : |
349764 |
|
Report Date : |
20.11.2015 |
IDENTIFICATION DETAILS
|
Name : |
ANNO CHEMICALS NV |
|
|
|
|
Registered Office : |
Berkenlaan
21, 2980 Zoersel |
|
|
|
|
Country : |
Belgium |
|
|
|
|
Financials (as on) : |
30.09.2014 |
|
|
|
|
Date of Incorporation : |
22.05.2002 |
|
|
|
|
Com. Reg. No.: |
477635225 |
|
|
|
|
Legal Form : |
Public Limited Company |
|
|
|
|
Line of Business : |
Agents involved in the sale of
fuels, ores, metals and industrial chemicals. |
|
|
|
|
No. of Employees : |
02 |
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 : |
Slow but correct |
|
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 – March 31, 2015
|
Country Name |
Previous Rating (31.12.2014) |
Current Rating (31.03.2015) |
|
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 shifts in
foreign demand, particularly in Belgium’s EU trade partners. Roughly
three-quarters of Belgium's trade is with other EU countries. In 2014 Belgian
GDP grew by 0.9%, the unemployment rate stabilized at 8.5%, and the budget
deficit was 3.2% of GDP. Prime Minister Charles MICHEL's center-right
government has pledged to further reduce the deficit in response to EU pressure
to reduce Belgium's high public debt, which remains above 100% of GDP, but such
efforts could also dampen economic growth. In addition to restrained public
spending, low wage growth and high unemployment promise to curtail a more
robust recovery in private consumption. The government has pledged to pursue a
reform program to improve Belgium’s competitiveness, including changes to tax
policy, labor market rules, and welfare benefits. These changes risk worsening
tensions with trade unions and triggering extended strikes.
|
Source
: CIA |
|
Business number |
477635225 |
|
Branche Unit Number |
2096148521 |
|
Company name |
ANNO
CHEMICALS NV |
|
Address |
Berkenlaan
21, 2980 Zoersel |
|
Number of staff |
2 |
|
Date of establishment |
22/05/2002 |
|
Telephone number |
034642532 |
|
Fax number |
034642537 |
The business was
established over 13 years ago.
The business has 2
employees.
The business is
part of a group.
The business has
been at the address for over 4 years.
Pre-tax profits
increased by 126% compared to the previous trading period.
The business saw an
increase in their Cash Balance of 600% during the latest trading period.
ACCOUNTS
|
DATE OF
LATEST ACCOUNTS |
TURNOVER |
PROFIT
BEFORE TAX |
NET WORTH |
WORKING
CAPITAL |
|
30/09/2014 |
|
236,908 |
2,684,654 |
6,687,469 |
|
30/09/2013 |
|
104,576 |
2,468,457 |
5,622,335 |
|
30/09/2012 |
|
241,938 |
2,394,643 |
7,297,296 |
|
|
|
|
|
|
|
ACCOUNTS |
|
|
|
|
|
DATE OF
LATEST ACCOUNTS |
BALANCE TOTAL |
NUMBER
OF EMPLOYEES |
CAPITAL |
CASHFLOW |
|
30/09/2014 |
9,444,060 |
2 |
65,000 |
248,602 |
|
30/09/2013 |
8,932,115 |
3 |
65,000 |
105,446 |
|
30/09/2012 |
9,464,744 |
3 |
65,000 |
211,976 |
Payment
expectations
|
||||
|
Past payments |
|
Payment expectation days |
-- |
|
|
Industry average payment expectation days |
109.48 |
Industry
average day sales outstanding |
83.28 |
|
|
Day sales outstanding |
-- |
|
|
|
|
BANKRUPTCY DETAILS |
||||
|
Court action type |
no |
|
|
|
|
PROTESTED BILLS |
||||
|
Bill amount |
||||
|
NSSO DETAILS |
||||
|
Date of summons |
-- |
|
|
|
|
Business
Number |
477635225 |
Company Name |
ANNO
CHEMICALS NV |
|
Fax Number |
034642537 |
Date Founded |
22/05/2002 |
|
Company
Status |
active |
Company Type |
Public
Limited Company |
|
Currency |
Euro (€) |
Date Of
Latest Accounts |
30/09/2014 |
|
Activity Code |
46120 |
Liable
For VAT |
Yes |
|
Activity
Description |
Agents involved
in the sale of fuels, ores, metals and
industrial chemicals. |
Vat Number |
BE.0477.635.225
Check VAT Number |
|
Belgian
Bullettin of Acts Publications |
moniteur
belge |
|
|
Significant Events
Event Date 26/02/2013
Event Description
re-appointment
of director(s)
Event Details Commentaar 26-02-2013:
Herbenoemd als bestuurders en gedelegeerd bestuurders
voor een periode van 6
jaar : NV 3Invest en BVBA Vonckx.
Event Date 22/05/2002
Event Description
Legal creation
|
ASSETS |
|
|
|
|
|
|
|
|
|
|
Annual
accounts |
30-09-2014 |
% |
30-09-2013 |
% |
30-09-2012 |
% |
30-09-2011 |
% |
30-09-2010 |
|
Weeks |
52 |
|
52 |
|
52 |
|
52 |
|
52 |
|
Currency |
EUR |
|
EUR |
|
EUR |
|
EUR |
|
EUR |
|
Total fixed assets |
930,025 |
19.98 |
775,172 |
571 |
115,392 |
-63.23 |
313,856 |
69.95 |
184,675 |
|
Intangible fixed assets |
0 |
- |
0 |
- |
0 |
-100 |
240,000 |
100 |
120,000 |
|
Tangible fixed assets |
41,376 |
-36.04 |
64,689 |
-42.99 |
113,466 |
59.56 |
71,110 |
20.67 |
58,929 |
|
Land & building |
0 |
- |
0 |
- |
0 |
- |
0 |
- |
0 |
|
Plant & machinery |
2,137 |
-65.02 |
6,110 |
-56.33 |
13,993 |
197 |
4,708 |
-17.74 |
5,723 |
|
Furniture & Vehicles |
24,745 |
-28.57 |
34,643 |
-52.20 |
72,477 |
135 |
30,807 |
3.62 |
29,731 |
|
Leasing & Other Similar Rights |
0 |
- |
0 |
- |
0 |
- |
0 |
- |
0 |
|
Other tangible assets |
14,494 |
-39.45 |
23,936 |
-11.34 |
26,997 |
-24.16 |
35,595 |
51.63 |
23,475 |
|
Financial fixed assets |
888,649 |
25.08 |
710,483 |
36792 |
1,926 |
-29.86 |
2,746 |
-52.21 |
5,745 |
|
Total current assets |
8,514,035 |
4.38 |
8,156,943 |
-12.75 |
9,349,352 |
-12.72 |
10,711,875 |
1.93 |
10,509,065 |
|
Inventories |
771,643 |
10.82 |
696,334 |
-9.34 |
768,085 |
8.98 |
704,773 |
9.23 |
645,220 |
|
Raw materials & consumables |
0 |
- |
0 |
- |
0 |
- |
0 |
- |
0 |
|
Work in progress |
0 |
- |
0 |
- |
0 |
- |
0 |
- |
0 |
|
Finished goods |
0 |
- |
0 |
- |
0 |
- |
0 |
- |
0 |
|
Other stocks |
771,643 |
10.82 |
696,334 |
-9.34 |
768,085 |
8.98 |
704,773 |
9.23 |
645,220 |
|
Trade debtors |
6,049,855 |
-1.32 |
6,130,884 |
-9.41 |
6,767,517 |
-10.14 |
7,531,550 |
-14.04 |
8,761,291 |
|
Other amounts receivable |
775,208 |
-4.99 |
815,898 |
-39.65 |
1,351,877 |
-25.63 |
1,817,792 |
264 |
498,073 |
|
Cash |
738,254 |
600 |
105,336 |
131 |
45,419 |
-88.46 |
393,516 |
14.91 |
342,445 |
|
Miscellaneous current assets |
179,074 |
12.99 |
158,491 |
-4.78 |
166,454 |
1068 |
14,244 |
18.36 |
12,034 |
|
Total Assets |
9,444,060 |
5.73 |
8,932,115 |
-5.63 |
9,464,744 |
-14.16 |
11,025,730 |
3.10 |
10,693,740 |
|
LIABILITIES |
|
|
|
|
|
|
|
|
|
|
Total shareholders equity |
2,684,654 |
8.76 |
2,468,457 |
3.08 |
2,394,643 |
-1.45 |
2,429,876 |
27.35 |
1,907,974 |
|
Issued share capital |
65,000 |
0 |
65,000 |
0 |
65,000 |
0 |
65,000 |
0 |
65,000 |
|
Share premium account |
0 |
- |
0 |
- |
0 |
- |
0 |
- |
0 |
|
Revaluation reserve |
0 |
- |
0 |
- |
0 |
- |
0 |
- |
0 |
|
Reserves |
2,619,654 |
9.00 |
2,403,457 |
3.17 |
2,329,643 |
-1.49 |
2,364,876 |
28.32 |
1,842,974 |
|
Provisions for Liabilities & Charges |
0 |
- |
0 |
- |
0 |
-100 |
25,000 |
-54.44 |
54,872 |
|
Deffered taxes |
0 |
- |
0 |
- |
0 |
- |
0 |
- |
0 |
|
Creditors |
6,759,405 |
4.58 |
6,463,657 |
-8.58 |
7,070,101 |
-17.51 |
8,570,855 |
-1.83 |
8,730,894 |
|
Other long term loans |
4,932,840 |
25.55 |
3,929,050 |
-21.70 |
5,018,045 |
2.62 |
4,889,866 |
-15.76 |
5,804,786 |
|
Long term group loans |
- |
- |
- |
- |
- |
- |
- |
- |
- |
|
Other long term liabilities |
0 |
- |
0 |
- |
0 |
- |
0 |
- |
0 |
|
Total long term debts |
4,932,840 |
25.55 |
3,929,050 |
-21.70 |
5,018,045 |
2.10 |
4,914,866 |
-16.12 |
5,859,658 |
|
Current portion of long term debt |
75,656 |
- |
0 |
-100 |
57,468 |
-25.58 |
77,220 |
-5.48 |
81,700 |
|
Financial debts |
72 |
-99 |
9,050 |
- |
0 |
-100 |
1,232,816 |
71.13 |
720,388 |
|
Trade creditors |
1,603,552 |
-33.82 |
2,423,118 |
34.00 |
1,808,359 |
-7.72 |
1,959,707 |
24.62 |
1,572,582 |
|
Amounts Payable for Taxes, Remuneration
& Social Security |
36,947 |
-45.04 |
67,225 |
81.28 |
37,083 |
-24.34 |
49,016 |
87.48 |
26,144 |
|
Miscellaneous current liabilities |
110,338 |
213 |
35,215 |
-76.39 |
149,146 |
-58.83 |
362,230 |
-31.04 |
525,294 |
|
Total current liabilities |
1,826,565 |
-27.93 |
2,534,607 |
23.52 |
2,052,056 |
-44.25 |
3,680,989 |
25.80 |
2,926,108 |
|
Total Liabilities |
9,444,060 |
5.73 |
8,932,115 |
-5.63 |
9,464,744 |
-14.16 |
11,025,730 |
3.10 |
10,693,740 |
|
RATIO ANALYSIS |
|
|
|
|
|
|
|
|
|
|
TRADING
PERFORMANCE |
|
|
|
|
|
|
|
|
|
|
Profit
Before Tax |
- |
- |
- |
- |
- |
- |
- |
- |
- |
|
Return
on capital employed |
3.11 |
90.80 |
1.63 |
-50.0 |
3.26 |
-65.72 |
9.51 |
-35.96 |
14.85 |
|
Return
on total assets employed |
2.51 |
114 |
1.17 |
-54.30 |
2.56 |
-59.62 |
6.34 |
-41.24 |
10.79 |
|
Return
on net assets employed |
8.82 |
108 |
4.24 |
-58.02 |
10.10 |
-64.87 |
28.75 |
-52.46 |
60.47 |
|
Sales
/ net working capital |
- |
- |
- |
- |
- |
- |
- |
- |
- |
|
Stock
turnover ratio |
- |
- |
- |
- |
- |
- |
- |
- |
- |
|
Creditor
days |
- |
- |
- |
- |
- |
- |
- |
- |
- |
|
Debtor days |
- |
- |
- |
- |
- |
- |
- |
- |
- |
|
SHORT
TERM STABILITY |
|
|
|
|
|
|
|
|
|
|
Current
ratio |
4.66 |
44.72 |
3.22 |
-29.39 |
4.56 |
56.70 |
2.91 |
-18.94 |
3.59 |
|
Liquidity
ratio / acid ratio |
4.24 |
44.22 |
2.94 |
-29.67 |
4.18 |
53.68 |
2.72 |
-19.29 |
3.37 |
|
Current
debt ratio |
0.68 |
-33.98 |
1.03 |
19.77 |
0.86 |
-43.05 |
1.51 |
-1.31 |
1.53 |
|
Liquidity ratio reprocessed |
- |
- |
- |
- |
- |
- |
- |
- |
- |
|
Cashflow |
248,602 |
135 |
105,446 |
-50.26 |
211,976 |
-61.80 |
554,978 |
-38.16 |
897,382 |
|
Net worth |
2,684,654 |
8.76 |
2,468,457 |
3.08 |
2,394,643 |
9.35 |
2,189,876 |
22.48 |
1,787,974 |
|
LONG TERM STABILITY |
|
|
|
|
|
|
|
|
|
|
Gearing |
186.56 |
16.94 |
159.54 |
-24.73 |
211.95 |
-16.93 |
255.15 |
-26.32 |
346.28 |
|
Equity in percentage |
28.43 |
2.86 |
27.64 |
9.25 |
25.30 |
12.29 |
22.53 |
24.89 |
18.04 |
|
Total debt ratio |
2.52 |
-3.82 |
2.62 |
-11.19 |
2.95 |
-16.67 |
3.54 |
-23.04 |
4.60 |
|
Working capital |
6,687,469 |
18.94 |
5,622,335 |
-22.95 |
7,297,296 |
3.79 |
7,030,886 |
-7.28 |
7,582,957 |
|
PROFIT
& LOSS |
|
|
|
|
|
|
|
|
|
|
Operating
Income |
- |
- |
- |
- |
- |
- |
- |
- |
- |
|
Turnover |
- |
- |
- |
- |
- |
- |
- |
- |
- |
|
Total
operating expenses |
- |
- |
- |
- |
- |
- |
- |
- |
- |
|
Gross
Operating Margin |
798,448 |
-16.87 |
960,480 |
17.38 |
818,253 |
-55.03 |
1,819,548 |
19.85 |
1,518,230 |
|
Operating
Charges |
- |
- |
- |
- |
- |
- |
- |
- |
- |
|
Employee
costs |
254,502 |
-18.06 |
310,588 |
-7.84 |
337,019 |
8.12 |
311,710 |
12.39 |
277,341 |
|
Wages
and salary |
192,597 |
-14.44 |
225,095 |
2.07 |
220,528 |
16.87 |
188,688 |
10.36 |
170,975 |
|
Employee
pension costs |
- |
- |
- |
- |
- |
- |
- |
- |
- |
|
Social
security contributions |
54,392 |
-23.76 |
71,346 |
27.29 |
56,049 |
15.23 |
48,640 |
12.88 |
43,090 |
|
Other
employee costs |
7,514 |
-46.89 |
14,147 |
-76.59 |
60,442 |
-18.74 |
74,382 |
17.55 |
63,276 |
|
Director
remuneration |
- |
- |
- |
- |
- |
- |
- |
- |
- |
|
Amortization
and depreciation |
32,405 |
2.45 |
31,631 |
-33.00 |
47,209 |
42.73 |
33,076 |
15.11 |
28,735 |
|
Operating
result |
506,975 |
-17.38 |
613,623 |
33.37 |
460,085 |
-68.68 |
1,468,837 |
32.86 |
1,105,572 |
|
Total
financial income |
412,762 |
-1.81 |
420,367 |
-57.40 |
986,710 |
31.40 |
750,908 |
15.93 |
647,700 |
|
Total
financial expenses |
682,830 |
-26.53 |
929,414 |
-22.86 |
1,204,857 |
-20.79 |
1,521,128 |
153 |
599,568 |
|
Results on ordinary operations before
taxations |
236,908 |
126 |
104,576 |
-56.78 |
241,938 |
-65.37 |
698,616 |
-39.45 |
1,153,704 |
|
Extraordinary Income |
11,207 |
-45.61 |
20,604 |
372 |
4,364 |
-74.79 |
17,311 |
- |
- |
|
Extraordinary Charges |
- |
- |
21,560 |
- |
- |
- |
3,000 |
- |
- |
|
Extraordinary items |
11,207 |
1172 |
-956 |
-121 |
4,364 |
-69.51 |
14,311 |
- |
0 |
|
Results for the Year Before Taxation |
248,115 |
139 |
103,621 |
-57.93 |
246,301 |
-65.45 |
712,927 |
-38.21 |
1,153,704 |
|
Other appropriations |
- |
- |
- |
- |
- |
- |
- |
- |
- |
|
Taxation |
31,918 |
7.09 |
29,806 |
-63.44 |
81,535 |
-57.32 |
191,025 |
-32.99 |
285,056 |
|
Results on ordinary operations after
taxation |
204,990 |
174 |
74,771 |
-53.39 |
160,403 |
-68.40 |
507,591 |
-41.57 |
868,648 |
|
Net result |
216,197 |
192 |
73,815 |
-55.20 |
164,767 |
-68.43 |
521,902 |
-39.92 |
868,648 |
|
Profit (Loss) for the Year to
be appropiated |
108,197 |
46.58 |
73,815 |
-17.77 |
89,767 |
-59.55 |
221,902 |
-60.98 |
568,648 |
|
Dividends |
- |
- |
- |
- |
- |
- |
- |
- |
- |
|
Social
Balance Sheet Details |
|
|
Social
Balance Sheet |
Total |
|
During
the reporting year |
|
|
ended
30-09-2014 |
|
|
Full-time
Employees |
2 |
|
Part-time
Employees |
- |
|
Total
Fte Employees |
2 |
|
|
|
|
Number
of hours worked |
|
|
Full-time
Employees |
4,355 |
|
Part-time
Employees |
- |
|
Total |
4,355 |
|
|
|
|
Personnel
Charges |
|
|
Full-time
Employees |
254,502 |
|
Part-time
Employees |
- |
|
Total |
254,502 |
|
Benefits
In Addition To Wages |
- |
|
|
|
|
During
the previous reporting year |
|
|
Average
number employees in Fte |
3 |
|
Actual
working hours |
5,738 |
|
Personnel
Charges |
310,588 |
|
Benefits
In Addition To Wages |
- |
|
Type
of Contract |
Full-Time |
Part-Time |
Total Fte |
|
Unlimited
Duration Contracts |
2 |
- |
2 |
|
Men |
Full-Time |
Part-Time |
Total Fte |
|
Higher education
(non university) |
2 |
- |
2 |
|
Working category
|
Full-Time |
Part-Time |
Total Fte |
|
White collar
worker |
2 |
- |
2 |
|
New
staff and leavers |
Full-Time |
Part-Time |
Total Fte |
|
New Starters |
1 |
- |
1 |
|
Leavers |
2 |
- |
2 |
Industry
comparison
|
|
|
Activity code |
46120 |
|
Activity description |
Agents involved in the sale of
fuels, ores, metals and industrial chemicals. |
Payment
expectations
|
|
|
Industry comparison |
|
|
Activity code |
46120 |
|
Activity description |
Agents involved in the sale of
fuels, ores, metals and industrial chemicals. |
|
Industry average payment expectation days |
109.48 |
|
Industry average day sales outstanding |
83.28 |
|
Industry quartile
analysis |
|
|
Payment
expectations |
|
|
Company result |
-- |
|
Lower |
85.74 |
|
Median |
39.64 |
|
Upper |
9.05 |
|
|
|
|
Day sales
outstanding |
|
|
Company result |
-- |
|
Lower |
88.65 |
|
Median |
57.37 |
|
Upper |
30.39 |
Group
Structure
|
Company Name |
Number |
Latest
Financials |
|
- ANNO CHEMICALS NV |
477635225 |
30-09-2014 |
|
- - PARALEL SOC.ETR.E.P.B. |
|
|
|
- - SAME CHEMICALS B.V. |
23031961 |
31-12-2014 |
|
Minority
Shareholders |
|
No minority shareholders found |
|
Minority
Interests |
|
|
|
|
Business Number |
Company Name |
% |
Date of Accounts |
|
829959813 |
CAMMOTION BVBA |
25 |
31/12/2014 |
|
Companies
that match this address |
||
|
Business
Number |
Company Name |
Date
of Accounts |
|
769066874 |
VERHAEGEN, KURT |
- |
|
882011003 |
ASSOCIATED BUSINESS PARTNERS BVBA |
31/03/2015 |
|
506952088 |
INDUSTRIAL INVESTMENT COMPANY BVBA |
- |
|
879348253 |
C 4 Q BVBA |
30/09/2014 |
|
829959813 |
CAMMOTION BVBA |
31/12/2014 |
|
828243903 |
ABP BTW EENHEID BTWE |
- |
Summons
There is no data for this company
Protested Bills
There is no data for this company
Bankruptcy and other legal events
There is no data for this company
CURRENT DIRECTOR
DETAILS
|
Position |
Managing Director |
|
Start Date |
01/07/2011 |
|
|
|
|
Name |
3INVEST NV |
|
Position |
Director |
|
Start Date |
01/07/2011 |
|
|
|
|
Name |
VONCKX BVBA |
|
Position |
Director |
|
Start Date |
01/10/2010 |
|
|
|
|
Name |
Luc Bonami |
|
Position |
Permanent representative legal entity |
|
Start Date |
01/07/2011 |
|
Date of birth |
01/10/1967 |
|
Street |
14 SILVESTERLAAN SCHILDE |
|
Post code |
2970 |
|
Country |
Belgium |
|
|
|
|
Name |
Peter Vonckx |
|
Position |
Permanent representative legal entity |
|
Start Date |
01/10/2010 |
|
Date of birth |
31/10/1969 |
|
Street |
46 RODEDREEF SCHILDE |
|
Post code |
2970 |
|
Country |
Belgium |
|
|
|
|
FORMER
DIRECTOR DETAILS |
|
|
FORMER
MANDATES IN OTHER COMPANIES |
|
|
Name |
ANTWERP GLOBAL SHIPPING NV |
|
Business number |
880736442 |
|
Position |
Director |
|
Start Date |
05/04/2006 |
|
End Date |
12/01/2009 |
|
|
|
|
Name |
A.Q. NV |
|
Business number |
873012371 |
|
Position |
Director |
|
Start Date |
24/03/2005 |
|
End Date |
08/11/2006 |
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.66.11 |
|
|
1 |
Rs.101.03 |
|
Euro |
1 |
Rs.70.77 |
INFORMATION DETAILS
|
Analysis Done by
: |
DIV |
|
|
|
|
Report Prepared
by : |
TPT |
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.