MIRA INFORM REPORT

 

 

Report No. :

351439

Report Date :

21.11.2015

 

IDENTIFICATION DETAILS

 

Name :

HONEYWEL BELGIUM  NV 

 

 

Registered Office :

Gaston  Geenslaan  14-Bus, 3001 Leuven

 

 

Country :

Belgium

 

 

Financials (as on) :

31.12.2014

 

 

Date of Incorporation :

01.10.1970

 

 

Com. Reg. No.:

402130326

 

 

Legal Form :

Public  limited  company

 

 

Line of Business :

Preparation  and  spinning  of textile  fibres

 

 

No. of Employee :

45

 

 

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 – 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


Company name

 

HONEYWEL BELGIUM  NV 

 

 

Company  summary                              

 

Business  number

402130326

Branche  Unit  Number

2009449327

Company  name

HONEYWEL  BELGIUM  NV

Address

GASTON  GEENSLAAN  14-BUS  i

 

3001 LEUVEN

Number  of  staff

45

Date  of  establishment

01/10/1970

Telephone  number

016400033

Fax  number

016391381

 

 

Ultimate  holding  company

 

Company  name

Company  Number

HONEYWELL  LUXEMBOURG  FINANCE  SARL

-

 

 

Commentary

 

The  business  was  established  over  45  years  ago. The  business  has  45  employees.

The  business  is  part  of  a  group.

This  business  has  a  foreign  parent  business. The  business  has  been  at  the  address  for  over  1  month. The  business  has  been  at  the  address  for  less  than  6  months. The  business  has  changed  address  1  times  in  the  last  year. Operating  Result  in  the  latest  trading  period  decreased  48%  on  the  previous  trading  period. Pre-tax  profits  decreased  by  43%  compared  to  the  previous  trading  period. The  business  saw  a  decrease  in  their  Cash  Balance  of  80%  during  the  latest  trading  period.

 

 

Accounts

 

DATE  OF  LATEST  ACCOUNTS

TURNOVER

PROFIT  BEFORE  TAX

NET  WORTH

WORKING  CAPITAL

31/12/2014

100,120,536

3,915,414

41,687,031

41,403,792

31/12/2013

94,773,829

6,989,425

38,833,885

38,501,272

31/12/2012

93,067,254

1,830,574

33,890,343

33,334,020

Accounts

 

 

 

 

DATE  OF  LATEST  ACCOUNTS

BALANCE  TOTAL

NUMBER  OF  EMPLOYEES

CAPITAL

CASHFLOW

31/12/2014

53,228,150

45

478,000

2,905,411

31/12/2013

49,459,610

44

478,000

4,997,845

31/12/2012

43,844,111

43

478,000

1,707,531

 

 

Payment  expectations

 

Past  payments

 

Payment  expectation  days

31.52

Industry  average  payment

63.19

Industry  average  day  sales

107.56

expectation  days

 

outstanding

 

Day  sales  outstanding

62.19

 

 

 

 

Court  data  summary

 

BANKRUPTCY  DETAILS

Court  action  type                    no

PROTESTED  BILLS

Bill  amount                                         -

NSSO  DETAILS

Date  of  summons                   -

 

 

Company  information

 

Business  number

402130326

Company  name

HONEYWEL  BELGIUM  NV

Fax  number

01639  13  81

Date  founded

01/10/1970

Company  status

active

Company  type

Public  limited  company

Currency

Euro  (€)

Date  of  latest  accounts

31/12/2014

Activity  code

13100

Liable  for  VAT

yes

Activity  description

Preparation  and  spinning  of textile  fibres

VAT  Number

BE.0402.130.326  Check  VAT

 

 

number

Belgian  Bullettin  of  Acts

Publications

moniteur  belge

 

 

 

 

Contractor  details

 

Registered  contractor

-

number

 

Contractor  description

-

Date  struck  off  register

 

Personnel  (NSSO  classification)

 

Code

-

Description

-

Joint  Industrial  Committee  (JIC)

 

JIC  Code

116

Description

Joint  committee  for  the  chemical  industry

category

 

JIC  Code

207

Description

Joint  committee  for  the  employees  off  he  chemical  industry

category

 

Significant  Events

 

Event  Date

07/05/2015

Event  Description

re-appointment  of  director(s)

Event  Details

Commentaar  07-05-2015:  Herbenoemd  tot  bestuurders  voor  6  jaar:  Julien  Soulet,  Nancy

 

Raemaekers  en  Guy  Breitenstein.

 

 

Company  accounts

 

Assets

 

 

 

 

 

 

 

 

 

Annual  accounts

31-12-2014

%

31-12-2013

%

31-12-2012

%

31-12-2011

%

31-12-2010

Weeks

52

 

52

 

52

 

52

 

52

Currency

EUR

 

EUR

 

EUR

 

EUR

 

EUR

Total  fixed  assets

284,071

-15.79

337,336

-40.73

569,117

-6.45

608,388

5.30

577,754

Intangible  fixed  assets

832

-54.59

1,832

-35.31

2,832

1952

138

-73.20

515

Tangible  fixed  assets

283,239

-15.58

335,504

-13.71

388,826

-7.56

420,633

-8.56

460,004

Land  &  building

0

-

0

-

0

-100

374,154

-4.33

391,104

Plant  &  machinery

2,733

-54.68

6,031

-46.08

11,185

156

4,361

-26.58

5,940

Furniture  &  Vehicles

59,753

-14.58

69,949

-11.84

79,346

88.39

42,118

-33.10

62,960

Leasing  &  Other  Similar  Rights

0

-

0

-

0

-

0

-

0

Other  tangible  assets

220,753

-14.94

259,524

-13.00

298,295

-

0

-

0

Financial  fixed  assets

0

-

0

-100

177,459

-5.41

187,617

60.03

117,235

Total  current  assets

52,944,079

7.78

49,122,274

13.51

43,274,994

10.86

39,035,260

24.61

31,324,808

Inventories

5,718,256

-17.89

6,964,514

15.96

6,005,969

17.20

5,124,571

-0.77

5,164,545

Raw  materials  &  consumables

0

-

0

-

0

-

0

-

0

Work  in  progress

0

-

0

-

0

-

0

-

0

Finished  goods

5,718,256

-17.89

6,964,514

15.96

6,005,969

17.20

5,124,571

-0.77

5,164,545

Other  stocks

0

-

0

-

0

-

0

-

0

Trade  debtors

17,057,784

19.37

14,289,514

4.76

13,640,851

14.01

11,965,019

7.11

11,170,259

Other  amounts  receivable

29,806,668

15.34

25,843,479

13.35

22,798,856

9.11

20,894,538

53.66

13,597,783

Cash

361,371

-80.94

1,896,157

128

829,318

-21.10

1,051,132

-24.50

1,392,221

Miscellaneous  current  assets

0

-100

128,610

-

0

-

0

-

0

Total  Assets

53,228,150

7.62

49,459,610

12.81

43,844,111

10.60

39,643,648

24.26

31,902,562

 

Liabilities

 

 

 

 

 

 

 

 

 

Total  shareholders  equity

41,687,863

7.34

38,835,717

14.58

33,893,175

5.16

32,231,622

34.28

24,003,269

Issued  share  capital

478,000

0

478,000

0

478,000

0

478,000

0

478,000

Share  premium  account

0

-

0

-

0

-

0

-

0

Revaluation  reserve

0

-

0

-

0

-

0

-

0

Reserves

41,209,863

7.44

38,357,717

14.79

33,415,175

5.23

31,753,622

34.98

23,525,269

Provisions  for  Liabilities  &  Charges

0

-100

2,891

-70.98

9,962

-41.51

17,032

-79.53

83,194

Deffered  taxes

0

-

0

-

0

-

0

-

0

Creditors

11,540,287

8.66

10,621,002

6.84

9,940,974

34.43

7,394,994

-5.39

7,816,099

Other  long  term  loans

0

-

0

-

0

-

0

-

0

Long  term  group  loans

-

-

-

-

-

-

-

-

-

Other  long  term  liabilities

0

-

0

-

0

-

0

-

0

Total  long  term  debts

0

-100

2,891

-70.98

9,962

-41.51

17,032

-79.53

83,194

Current  portion  of  long  term  debt

0

-

0

-

0

-

0

-

0

Financial  debts

0

-

0

-

0

-

0

-

0

Trade  creditors

8,318,791

3.59

8,030,591

5.89

7,583,586

50.22

5,048,270

-20.05

6,314,327

Amounts  Payable  for  Taxes,

2,508,235

4.58

2,398,414

33.77

1,792,889

-13.80

2,079,897

39.40

1,492,017

Remuneration  &  Social  Security

 

 

 

 

 

 

 

 

 

Miscellaneous  current  liabilities

713,261

271

191,998

-65.99

564,499

111

266,827

2635

9,755

Total  current  liabilities

11,540,287

8.66

10,621,002

6.84

9,940,974

34.43

7,394,994

-5.39

7,816,099

Total  Liabilities

53,228,150

7.62

49,459,610

12.81

43,844,111

10.60

39,643,648

24.26

31,902,562

 

 

ratio  analysis

 

 

 

 

 

 

 

 

 

TRADING  PERFORMANCE

 

 

 

 

 

 

 

 

 

Profit  Before  Tax

3.91

-46.95

7.37

274

1.97

-86.06

14.13

43.31

9.86

Return  on  capital  employed

9.39

-47.83

18.00

233

5.40

-85.81

38.05

10.93

34.30

Return  on  total  assets  employed

7.36

-47.91

14.13

238

4.18

-86.49

30.95

19.50

25.90

Return  on  net  assets  employed

9.39

-47.83

18.00

233

5.40

-85.82

38.07

10.60

34.42

Sales  /  net  working  capital

2.42

-1.63

2.46

-11.83

2.79

1.82

2.74

-23.25

3.57

Stock  turnover  ratio

5.71

-22.31

7.35

13.95

6.45

9.32

5.90

-4.22

6.16

Creditor  days

31.52

-6.05

33.55

10.04

30.49

22.99

24.79

-17.06

29.89

Debtor  days

62.19

13.01

55.03

2.86

53.50

6.36

50.30

3.41

48.64

SHORT  TERM  STABILITY

 

 

 

 

 

 

 

 

 

Current  ratio

4.59

-0.86

4.63

6.44

4.35

-17.61

5.28

31.67

4.01

Liquidity  ratio  /  acid  ratio

4.09

3.02

3.97

5.87

3.75

-18.30

4.59

37.01

3.35

Current  debt  ratio

0.28

3.70

0.27

-6.90

0.29

26.09

0.23

-30.30

0.33

Liquidity  ratio  reprocessed

-

-

-

-

-

-

-

-

-

Cashflow

2,905,411

-41.87

4,997,845

192

1,707,531

-79.37

8,276,855

45.07

5,705,352

Net  worth

41,687,031

7.35

38,833,885

14.59

33,890,343

5.15

32,231,484

34.28

24,002,754

LONG  TERM  STABILITY

 

 

 

 

 

 

 

 

 

Gearing

-

-

-

-

-

-

-

-

-

Equity  in  percentage

78.32

-0.25

78.52

1.57

77.31

-4.91

81.30

8.05

75.24

Total  debt  ratio

0.28

3.70

0.27

-6.90

0.29

26.09

0.23

-30.30

0.33

Working  capital

41,403,792

7.54

38,501,272

15.50

33,334,020

5.35

31,640,266

34.59

23,508,709

 

 

Profit  &  loss

 

 

 

 

 

 

 

 

 

Operating  Income

106,084,383

5.24

100,801,701

2.59

98,258,975

6.89

91,927,213

3.11

89,152,947

Turnover

100,120,536

5.64

94,773,829

1.83

93,067,254

7.19

86,822,398

3.57

83,831,005

Total  operating  expenses

96,319,462

10.26

87,354,730

-3.79

90,794,687

22.17

74,320,206

-3.61

77,105,423

Gross  Operating  Margin

-

-

-

-

-

-

-

-

-

Operating  Charges

102,283,309

9.53

93,382,601

-2.71

95,986,408

20.85

79,425,021

-3.64

82,427,365

Employee  costs

7,557,031

8.63

6,956,984

3.25

6,737,674

14.93

5,862,394

10.43

5,308,530

Wages  and  salary

5,371,915

10.53

4,860,345

10.22

4,409,482

10.97

3,973,458

6.55

3,729,202

Employee  pension  costs

-

-

-

-

-

-

-

-

-

Social  security  contributions

1,541,425

2.81

1,499,340

8.98

1,375,794

27.97

1,075,131

-5.44

1,137,012

Other  employee  costs

643,691

7.77

597,299

-37.28

952,398

17.03

813,805

83.99

442,316

Director  remuneration

-

-

-

-

-

-

-

-

-

Amortization  and  depreciation

53,265

-3.69

55,304

20.28

45,978

-5.20

48,502

-5.23

51,180

Operating  result

3,801,074

-48.77

7,419,099

226

2,272,567

-81.82

12,502,192

85.89

6,725,582

Total  financial  income

1,678,065

36.93

1,225,514

-38.83

2,003,564

8.69

1,843,353

-58.68

4,461,045

Total  financial  expenses

1,563,725

-5.53

1,655,189

-32.32

2,445,557

17.83

2,075,484

-29.03

2,924,477

Results  on  ordinary  operations before  taxation

3,915,414

-43.98

6,989,425

281

1,830,574

-85.08

12,270,061

48.51

8,262,150

 Extraordinary  Income

-

-

-

-

323,865

-

-

-

-

Extraordinary  Charges

-

-

-

-

15,943

903

1,589

-

-

Extraordinary  items

-

-

0

-100

307,922

19378

-1,589

-

0

Results  for  the  Year  Before

3,915,414

-43.98

6,989,425

226

2,138,496

-82.57

12,268,472

48.49

8,262,150

Taxation

 

 

 

 

 

 

 

 

 

Other  appropriations

-

-

-

-

-

-

-

-

-

Taxation

1,063,268

-48.05

2,046,884

329

476,943

-88.19

4,040,119

54.91

2,607,978

Results  on  ordinary  operations

2,852,146

-42.29

4,942,542

265

1,353,631

-83.55

8,229,942

45.56

5,654,172

after  taxation

 

 

 

 

 

 

 

 

 

Net  result

2,852,146

-42.29

4,942,542

197

1,661,553

-79.81

8,228,353

45.53

5,654,172

Profit  (Loss)  for  the  Year  to  be

appropiated

2,852,146

-42.29

4,942,542

197

1,661,553

-79.81

8,228,353

45.53

5,654,172

Dividends

-

-

-

-

-

-

-

-

-

 

 

Social  Balance  Sheet  Details

 

Social  Balance  Sheet  Details

 

 

 

Social  Balance  Sheet

 

Total

 

During  the  reporting  year

 

 

 

ended  31-12-2014

 

 

 

Full-time  Employees

 

42

 

Part-time  Employees

 

4

 

Total  Fte  Employees

 

45

 

Number  of  hours  worked

 

 

 

Full-time  Employees

 

70,497

 

Part-time  Employees

 

3,925

 

Total

 

74,422

 

Personnel  Charges

 

 

 

Full-time  Employees

 

7,334,460

 

Part-time  Employees

 

166,310

 

Total

 

7,500,770

 

Benefits  In  Addition  To  Wages

 

41,263

 

During  the  previous  reporting  year

 

 

 

Average  number  employees  in  Fte

 

44

 

Actual  working  hours

 

73,194

 

Personnel  Charges

 

6,956,984

 

Benefits  In  Addition  To  Wages

 

-

 

Type  of  Contract

Full-Time

Part-Time

Total  Fte

Unlimited  Duration

42

4

45

Contracts

 

 

 

Limited  Duration  Contracts

-

-

-

Contracts  For  Specific  Work

-

-

-

Contracts  Regarding

-

-

-

Substitution

 

 

 

Gender  and  Education

 

 

 

Level

 

 

 

Men

Full-Time

Part-Time

Total  Fte

Primary  education

-

-

-

Secondairy  education

1

-

1

Higher  education  (non

4

-

4

university)

 

 

 

Higher  education

21

-

21

(university)

 

 

 

Women

Full-Time

Part-Time

Total  Fte

Primary  education

-

-

-

Secondairy  education

2

-

2

Higher  education  (non

9

2

10

university)

 

 

 

Higher  education

5

2

6

(university)

 

 

 

Working  Category

Full-Time

Part-Time

Total  Fte

Management

-

-

-

White  collar  worker

42

4

45

Blue  collar  worker

-

-

-

Other

-

-

-

Temporary  personnel

 

Total

 

Average  number  of  temporary  staff

 

-

 

Actual  working  hours

 

-

 

Cost  of  temporary  staff

 

-

 

New  staff  and  leavers

Full-Time

Part-Time

Total  Fte

New  Starters

-

-

-

Leavers

-

-

-

 

 

Total  of  formal  continuing  vocational  training  initiatives

 

 

for  workers  paid  by  the  employer

Male

Female

Number  of  employees

26

20

Number  of  training  hours

45

35

Net  costs  for  enterprise

4,064

3,127

Total  of  less  formal  and  informal  continuing  vocational

 

 

training  initiatives  for  workers  paid  by  the  employer

Male

Female

Number  of  employees

26

20

Number  of  training  hours

450

376

Net  costs  for  enterprise

11,120

9,291

Total  of  initial  training  initiatives  at  the  expense  of  the

 

 

employer

Male

Female

Number  of  employees

-

-

Number  of  training  hours

-

-

Net  costs  for  enterprise

-

-

 

 

Industry  comparison

 

Activity  code

13100

Activity  description

Preparation  and  spinning  of  textile  fibres

 

 

Payment  Information

 

Payment  Information  Summary

 

Total  number  of  Invoices  available

500

Total  number  of  Invoices  paid  within  or  up  to  30  days  after  the  due  date

460

Total  number  of  Invoices  paid  more  than  30  days  after  the  due  date

34

Total  number  of  Invoices  currently  outstanding  where  the  due  date  has  not  yet  been  reached

6

Total  number  of  Invoices  currently  outstanding  beyond  the  due  date

0

 

Suspension  of  payments  /  moratorium  history

 

Amount

-

Details

-

Payment  expectations

 

Payment  expectation  days

31.52

Day  sales  outstanding

62.19

Industry  comparison

 

Activity  code

13100

Activity  description

Preparation  and  spinning  of  textile  fibres

Industry  average  payment

expectation  days

63.19

Industry  average  day  sales outstanding

107.56

 

 

Industry  quartile  analysis Payment  expectations

 

Company  result

31.52

Lower

83.10

Median

46.39

Upper

23.38

 

 

Day  sales  outstanding

 

Company  result

62.19

Lower

108.79

Median

63.31

Upper

42.57

 

 

Shareholder  Details

 

Summary

 

Group  -  Number  of  Companies

3

Linkages  -  Number  of  Companies

1

Number  of  Countries

1

 

Group  Structure

 

 

Company  name

Number

Latest

- HONEYWELL  LUXEMBOURG  FINANCE  SARL

 

 

financials

- - HONEYWEL  BELGIUM  NV

402130326

31-12-2014

- - U  O  P  NV

436044296

31-12-2014

 

 

MINORITY  SHAREHOLDERS

 

No  minority  shareholders  found

 

MINORITY  INTERESTS

 

No  minority  interests  found

 

COMPANIES  THAT  MATCH  THIS  ADDRESS

 

no  Companies  Match  this  address

 

 

Linked  Companies

 

Summary

 

Group  -  Number  of  Companies

3

Linkages  -  Number  of  Companies

1

Number  of  Countries

1

 

 

Linked  Companies

 

NAME

NUMBER

LATEST  KEY

TURNOVER

 

 

FINANCIALS

 

UOP  PROCESSES  INTERNATIONAL,  INC.

400531806

-

-

ENT  E

 

 

 

 

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

 

 

DIRECTOR  DETAILS

 

Current  director  details

 

Position

Director

Start  Date

14/04/2015

Street

57 CULOSTRAAT  BIERBEEK

Post  code

3360

Country

Belgium

Name

Nancy  Raemaekers

Name

Julien  Soulet

Position

Director

Start  Date

14/04/2015

Street

13 CHEMIN  DE  LA  FRAITE  LASNE

Post  code

1380

Country

Belgium

Name

Guy  Breitenstein

Position

Director

Start  Date

02/12/2008

Date  of  birth

12/06/1965

Street

288 ROODEBEEKLAAN  BRUSSEL

Post  code

1030

Country

Belgium

Current  mandates  in  other  companies

 

Name

HONEYWELL  FLUORINE  PRODUCTS  EUROPE  BV

Business  number

480643908

Position

Legal  Representative

Start  Date

10/11/2005

Name

HONEYWELL  RETIREMENT  FUND  (BELGIUM)  OFP

Business  number

444913165

Position

Person  responsible  for  day-to-day  management

Start  Date

04/06/2012

Former  director  details

 

Name

Dirk  Danneels

Position

Director

Start  Date

30/06/2004

End  Date

01/04/2015

Date  of  birth

13/09/1949

Street

1 PASTOOR  STUYCKLAAN  BOORTMEERBEEK

Post  code

3190

Country

Belgium

Name

Daniel  Nott

Position

Director

Start  Date

01/03/2014

End  Date

01/04/2015

Street

11 RUE  CAPITAINE  DELVAUX  CHAUMONT-GISTOUX

Post  code

1325

Country

Belgium

Name

Rita  Mocquet

Position

Director

Start  Date

29/06/2006

End  Date

31/07/2013

Street

 

Post  code

 

Country

 

Name

Robert  Tupker

Position

Director

Start  Date

02/12/2008

End  Date

24/06/2010

Street

 

Post  code Country

 

Name

Hartmut  Seibel

Position

Director

Start  Date

29/06/2006

End  Date

02/12/2008

Street

 

Post  code

 

Country

 

Name

Anne  Vandevelde

Position

Director

Start  Date

01/07/2004

End  Date

29/06/2007

Street

 

Post  code

 

Country

 

Name

GEORGE  VAN  KULA

Position

Director

Start  Date

30/06/2004

End  Date

05/05/2006

Street

 

Post  code

 

Country

 

Position

Director

Start  Date

01/12/2002

End  Date

29/06/2004

Street

 

Post  code

 

Country

 

Name

Werner  van  der  Heijden

Position

Director

Start  Date

01/12/2002

End  Date

01/07/2004

Street

 

Post  code

 

Country

 

Name

MICHAEL  DODDS

Position

Director

Start  Date

28/09/1998

End  Date

30/11/2002

Street

 

Post  code

 

Country

 

Name

ALAIN  GAUDRAIN

Position

Director

Start  Date

30/11/2002

End  Date

30/11/2002

Street

 

Post  code

 

Country

 

 

FOREIGN EXCHANGE RATES

 

Currency

Unit

Indian Rupees

US Dollar

1

Rs.66.09

UK Pound

1

Rs.101.04

Euro

1

Rs.70.86

 

INFORMATION DETAILS

 

Analysis Done by :

DIV

 

 

Report Prepared by :

ASH

 

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.