MIRA
INFORM REPORT
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Report Date : |
10.07.2007 |
IDENTIFICATION DETAILS
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Name : |
GHELANI'S SUPERSTORE AND CASH & CARRY LIMITED |
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Registered Office : |
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Country : |
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Financials (as on) : |
31.03.2006 |
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Date of Incorporation : |
25/09/1995 |
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Com. Reg. No.: |
03106010 |
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Legal Form : |
Private Limited Liability Company (GB) |
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Line of Business : |
Retailers and wholesalers of asian ethnic food |
RATING & COMMENTS
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MIRA’s Rating : |
Ba |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
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Status : |
Satisfactory |
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Payment Behaviour : |
Regular |
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Litigation : |
Clear |
Company
Identification Details
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Subject Reported on |
GHELANI'S SUPERSTORE AND CASH & CARRY LIMITED |
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Trading Address |
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Telephone |
01162-682262 |
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Risk Score |
Average Risk - This company has an average risk status and
should be treated with a degree of caution |
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Credit Limit |
GBP 53,700 |
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Selling to this company? The Credit Limit is the
recommended maximum outstanding debtor exposure at any one time. |
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Contract Limit |
GBP 716,100 |
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Buying from this company? The Contract Limit is the
recommended aggregate annual value for supply contracts. |
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Official Company Data
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Legal Form |
Private Limited Liability Company (GB) |
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Registration Number |
03106010 |
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Date of Incorporation |
25/09/1995 |
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Registered Office |
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Date of Last Annual Return to Registry |
25/09/2006 |
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Activities |
Retailers and wholesalers of asian ethnic food
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Accounts |
The last filed accounts cover the period to 31/03/2006 |
Recently Filed
Documents
Details of the most recent documents
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Date Received |
Description |
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25/09/2006 |
Annual Return |
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31/03/2006 |
Financial Statement / Set of Accounts |
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It should be noted that there is no legal requirement to file
satisfaction details of mortgages/charges at Companies House. |
Known Directors
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DIRECTOR |
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Occupation |
DIRECTOR |
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Address |
2, |
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Country of Origin |
BRITISH |
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Date of Birth |
24/05/1961 |
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Appointment Date |
27/09/1995 |
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Other Appointments |
GHELANI'S SUPERSTORE AND CASH & CARRY LIMITED, GHELANI BROS.
LIMITED, ZONEMEX LIMITED, SECURE MARKETING LIMITED, FLYBRIDGE
LIMITED |
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SECRETARY |
MR PARESH GHELANI |
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Address |
1 DWYER CLOSE, SYSTON , LEICESTER , |
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Country of Origin |
BRITISH |
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Date of Birth |
23/11/1959 |
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Appointment Date |
26/05/2004 |
Recently Resigned
Directors (last 3)
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None |
Share Summary
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Priniciple Shareholders: |
Type Of Share |
No. of Shares |
Value |
%age |
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Bhavna R Ghelani |
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25.00 |
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Geeta H Ghelani |
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13.00 |
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Paresh G Ghelani |
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13.00 |
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Godayriben G Ghelani |
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13.00 |
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Gordhandas R Ghelani |
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13.00 |
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Hitesh G Ghelani |
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13.00 |
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Meena P Ghelani |
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13.00 |
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Mortgages and Charges
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Total Registered |
4 |
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Total Outstanding |
4 |
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Total Satisfied |
0 |
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Most Recent Mortgage |
13/01/2000 |
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Date Registered |
15/01/2000 |
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Type |
395 |
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Date Created |
13/01/2000 |
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Lender |
HSBC BANK PLC |
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Secured On |
ALL MONIES DUE OR TO BECOME DUE FROM THE COMPANY TO THE CHARGEE ON ANY
ACCOUNT WHATSOEVER |
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Details |
24-28 (EVEN) BRADSHAW GATE AND 2-6(EVEN) ELLESMERE STREET LEIGH GREATER
MANCHESTER WITH THE BENEFIT OF ALL RIGHTS LICENCES GUARANTEES RENT DEPOSITS
CONTRACTS DEEDS UNDERTAKINGS AND WARRANTIES RELATING TO THE PROPERTY ANY
SHARES OR MEMBERSHIP RIGHTS IN ANY MANAGEMENT COMPANY FOR THE PROPERTY ANY
GOODWILL OF ANY BUSINESS FROM TIME TO TIME CARRIED ON AT THE PROPERTY ANY
RENTAL AND OTHER MONEY PAYABLE UNDER ANY LEASE LICENCE OR OTHER INTEREST
CREATED IN RESPECT OF THE PROPERTY AND ALL OTHER PAYMENTS WHATEVER IN RESPECT
OF THE PROPERTY |
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Satisfied? |
No |
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Date Registered |
25/06/1999 |
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Type |
395 |
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Date Created |
23/06/1999 |
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Lender |
MIDLAND BANK PLC |
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Secured On |
ALL MONIES DUE OR TO BECOME DUE FROM THE COMPANY TO THE CHARGEE ON ANY
ACCOUNT WHATSOEVER |
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Details |
THE BRITTOX 4/5 LITTLE BRITTOX DEVIZES WILTSHIRE WITH THE BENEFIT OF
ALL RIGHTS LICENCES GUARANTEES RENT DEPOSITS CONTRACTS DEEDS UNDERTAKINGS AND
WARRANTIES RELATING TO THE PROPERTY ANY SHARES OR MEMBERSHIP RIGHTS IN ANY
MANAGEMENT COMPANY FOR THE PROPERTY ANY GOODWILL OF ANY BUSINESS FROM TIME TO
TIME CARRIED ON AT THE PROPERTY ANY RENTAL AND OTHER MONEY PAYABLE UNDER ANY
LEASE LICENCE OR OTHER INTEREST CREATED IN RESPECT OF THE PROPERTY AND ALL
OTHER PAYMENTS WHATEVER IN RESPECT OF THE PROPERTY |
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Satisfied? |
No |
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Date Registered |
24/06/1998 |
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Type |
395 |
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Date Created |
17/06/1998 |
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Lender |
MIDLAND BANK PLC |
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Secured On |
ALL MONIES DUE OR TO BECOME DUE FROM THE COMPANY TO THE CHARGEE ON ANY
ACCOUNT WHATSOEVER |
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Details |
FIXED AND FLOATING CHARGES OVER THE UNDERTAKING AND ALL PROPERTY AND
ASSETS PRESENT AND FUTURE INCLUDING GOODWILL BOOKDEBTS UNCALLED CAPITAL
BUILDINGS FIXTURES FIXED PLANT AND MACHINERY SEE CHARGE PARTICULARS FORM FOR
DETAILS |
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Satisfied? |
No |
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Date Registered |
20/06/1998 |
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Type |
395 |
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Date Created |
17/06/1998 |
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Lender |
MIDLAND BANK PLC |
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Secured On |
ALL MONIES DUE OR TO BECOME DUE FROM THE COMPANY TO THE CHARGEE ON ANY
ACCOUNT WHATSOEVER |
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Details |
58 HIGH STREET RAMSGATE KENT WITH THE BENEFIT OF ALL RIGHTS LICENCES
GUARANTEES RENT DEPOSITS CONTRACTS DEEDS UNDERTAKINGS AND WARRANTIES RELATING
TO THE PROPERTY ANY SHARES OR MEMBERSHIP RIGHTS IN ANY MANAGEMENT COMPANY FOR
THE PROPERTY ANY GOODWILL OF ANY BUSINESS FROM TIME TO TIME CARRIED ON AT THE
PROPERTY ANY RENTAL AND OTHER MONEY PAYABLE UNDER ANY LEASE LICENCE OR OTHER
INTEREST CREATED IN RESPECT OF THE PROPERTY AND ALL OTHER PAYMENTS WHATEVER
IN RESPECT OF THE PROPERTY |
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Satisfied? |
No |
Public Record
Information
Summary of CCJ's/Scottish Decrees
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There are no unsatisfied CCJs against the company. |
Operations
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Activities |
Retailers and wholesalers of asian ethnic food |
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Sic Code |
Description |
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5139 |
Non-specialised wholesale of food, beverages and tobacco |
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5530 |
Restaurants |
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Staff Employed |
10 |
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Auditors |
Pinnacle |
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Auditors Notes |
No Qualification. The Auditors have expressed a clean opinion (i.e.
unqualified with no referrals) on the latest accounts. |
Financial Data
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The following figures are shown in units of 000 |
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Profit and Loss |
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Number of Weeks |
52 |
52 |
52 |
52 |
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Accounts Date |
31/03/2006 |
31/03/2005 |
31/03/2004 |
31/03/2003 |
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Currency |
GBP |
GBP |
GBP |
GBP |
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Consolidated? |
No |
No |
No |
No |
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RETAINED PROFITS |
- |
- |
- |
- |
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Balance Sheet |
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Number of Weeks |
52 |
52 |
52 |
52 |
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Accounts Date |
31/03/2006 |
31/03/2005 |
31/03/2004 |
31/03/2003 |
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Currency |
GBP |
GBP |
GBP |
GBP |
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Consolidated? |
No |
No |
No |
No |
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TOTAL FIXED ASSETS |
2,641 |
2,640 |
1,864 |
1,873 |
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Total Fixed Assets |
80 |
79 |
90 |
99 |
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Intermediate Assets |
2,561 |
2,561 |
1,774 |
1,774 |
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TOTAL CURRENT ASSETS |
415 |
311 |
287 |
279 |
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Stocks |
193 |
160 |
185 |
186 |
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Trade Debtors |
212 |
118 |
89 |
85 |
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Cash |
10 |
32 |
13 |
7 |
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TOTAL ASSETS |
3,056 |
2,951 |
2,152 |
2,151 |
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TOTAL CURRENT LIABILITIES |
588 |
929 |
841 |
862 |
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Other Current Liabilities |
588 |
929 |
841 |
862 |
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WORKING CAPITAL |
-173 |
-618 |
-554 |
-583 |
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TOTAL LONG TERM LIABS |
1,179 |
985 |
426 |
559 |
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Other Long Term Liabilities |
1,179 |
985 |
426 |
559 |
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NET ASSETS/(LIABILITIES) |
2,468 |
2,022 |
1,310 |
1,289 |
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SHARE CAPITAL + RESERVES |
1,289 |
1,036 |
885 |
731 |
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Issued Share Capital |
20 |
20 |
20 |
20 |
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Profit and Loss account |
1,269 |
1,016 |
865 |
711 |
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SHAREHOLDERS FUNDS |
1,289 |
1,036 |
885 |
731 |
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CAPITAL EMPLOYED |
2,468 |
2,021 |
1,311 |
1,290 |
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TANGIBLE NET WORTH |
1,289 |
1,036 |
885 |
731 |
Key Credit Ratios
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Accounts Date |
31/03/2006 |
31/03/2005 |
31/03/2004 |
31/03/2003 |
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Current Ratio |
0.71 |
0.33 |
0.34 |
0.32 |
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Quick Ratio |
- |
- |
- |
- |
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T.N.W/Total Assets |
0.42 |
0.35 |
0.41 |
0.34 |
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Equity Gearing |
0.01 |
0.01 |
0.02 |
0.01 |
Financial Summary
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Working Capital |
The company's working capital deficiency decreased in the period and
now stands at GBP 173,000 |
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Tangible Net Worth |
Net worth increased by 253,000 during the period and now stands at GBP
1,289,000 |
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Fixed Assets |
The subjects fixed assets increased during the period by GBP
1,000 to GBP 80,000 and are now 3% of total assets compared with
3% in the previous period |
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Long Term Liabilities |
The company's long term liabilities increased during the period by 20%
and are now 91% of net worth compared with 95% in the previous period |
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Long Term Liabilities |
Long term liabilities are now 39% of total assets compared with 33% in
the previous period |
RATING EXPLANATIONS
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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>86 |
Aaa |
Possesses an extremely sound financial base with the strongest capability
for timely payment of interest and principal sums |
Unlimited |
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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 |
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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 |
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41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
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26-40 |
B |
Unfavourable & favourable factors carry similar weight in credit
consideration. Capability to overcome financial difficulties seems comparatively
below average/normal. |
Small |
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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 |
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<10 |
C |
Absolute credit risk exists. Caution needed to be exercised |
Credit not
recommended |
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NR |
In view of the lack of information, we have no basis upon which to
recommend credit dealings |
No Rating |
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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%)