MIRA
INFORM REPORT
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Report Date : |
10.05.2007 |
IDENTIFICATION DETAILS
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Name : |
SCREEN VENTURES LTD |
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Registered Office : |
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Country : |
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Financials (as on) : |
31.12.2005 |
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Date of Incorporation : |
28/12/1979 |
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Com. Reg. No.: |
01469736 |
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Legal Form : |
Private Limited Liability Company (GB) |
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Line of Business : |
Television film producers. |
RATING & COMMENTS
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MIRA’s Rating : |
B |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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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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Status : |
Moderate |
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Payment Behaviour : |
Unknown |
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Litigation : |
Clear |
Company
Identification Details
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Subject Reported on |
SCREEN VENTURES LTD |
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Holding Company |
Oxfordstone Ltd |
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Trading Address |
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Telephone |
020-7580-7448 |
Official Company Data
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Legal Form |
Private Limited Liability Company (GB) |
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Registration Number |
01469736 |
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Date of Incorporation |
28/12/1979 |
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Registered Office |
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Date of Last Annual Return to Registry |
12/01/2006 |
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Activities |
Television film producers. |
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Accounts |
The last filed accounts cover the period to 31/12/2005 |
Recently Filed
Documents
Details of the most recent documents
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Date
Received |
Description |
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12/01/2006 |
Annual Return |
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31/12/2005 |
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 |
31, |
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Country of Origin |
BRITISH |
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Date of Birth |
01/10/1949 |
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Appointment Date |
11/01/1991 |
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Other Appointments |
SCREEN VENTURES LTD , SCREEN VENTURES FILMS LTD
, OXFORDSTONE LTD , STREAM VENTURES LTD |
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SECRETARY |
TAYLORS SECRETARIES LTD |
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Address |
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Country of Origin |
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Appointment Date |
31/12/2005 |
Recently Resigned
Directors (last 3)
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None |
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Share Summary
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Share information is not held for this company. |
Mortgages and Charges
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Total Registered |
5 |
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Total Outstanding |
2 |
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Total Satisfied |
3 |
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Most Recent Mortgage |
15/02/1993 |
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Date Registered |
23/02/1993 |
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Type |
395 |
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Date Created |
15/02/1993 |
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Lender |
BARCLAYS 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 PLEASE SEE DOC M147C FOR FULL
DETAILS |
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Satisfied? |
No |
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Date Registered |
25/11/1989 |
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Type |
9999 |
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Date Created |
07/11/1989 |
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Lender |
BANK OF CREDIT AND COMMERCE INTERNATIONAL SOCIETE ANONYME |
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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 |
ALL MONIES IN (IN WHATEVER CURRENCY) NOW OR IN THE FUTURE
STANDING TO THE CREDIT OF ANY DEPOSIT ACCOUNT IN THE NAME OF THE (IE THE
COMPANY) DEPOSITOR NOW OR IN THE FUTURE KEPT AT BCCI |
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Satisfied? |
No |
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Date Registered |
02/12/1985 |
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Date Created |
14/11/1985 |
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Lender |
BANK OF CREDIT AND COMMERCE INTERNATIONAL SOCIETE ANONYME |
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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 |
TO CHARGE SUCH MONIES OR ANY DEPOSITS SO STANDING NOW OR
IN THE FUTURE (PLEASE SEE DOC M22 FOR FULL DETAILS) |
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Satisfied? |
Fully |
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Date Created |
07/11/1989 |
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Satisfied? |
Fully |
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Date Created |
14/11/1985 |
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Lender |
BANK OF CREDIT AND COMMERCE INTERNATIONAL, SOCIETE ANONYME |
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Secured On |
ALL MONIES |
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Satisfied? |
Fully |
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 |
Television film producers. |
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Sic Code |
Description |
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9211 |
Motion picture and video production |
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Staff Employed |
5 |
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Auditors |
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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. |
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Bankers |
Barclays Bank PLC |
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Sort Codes |
207898 |
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 |
31/12/2005 |
31/12/2004 |
31/12/2003 |
31/12/2002 |
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Currency |
GBP |
GBP |
GBP |
GBP |
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Consolidated? |
No |
No |
No |
No |
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SALES |
93 |
106 |
246 |
209 |
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Other operating income |
31 |
26 |
28 |
24 |
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Cost of goods sold |
69 |
46 |
136 |
107 |
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GROSS PROFIT |
24 |
61 |
110 |
102 |
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General administration costs (-) |
66 |
80 |
83 |
103 |
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Depreciation |
1 |
1 |
1 |
1 |
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Net Operating Profit(Loss) |
-11 |
6 |
56 |
23 |
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Non Trading Income |
0 |
0 |
0 |
0 |
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Total Non Trading Income |
0 |
0 |
0 |
0 |
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Interest expenses & similar (-) |
1 |
1 |
1 |
1 |
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Financial Expenses |
1 |
1 |
1 |
1 |
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PRE TAX PROFIT |
-12 |
5 |
55 |
22 |
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PROFIT AFTER TAX |
-12 |
5 |
55 |
22 |
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Net Loss |
12 |
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Dividends Payable |
0 |
0 |
0 |
0 |
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RETAINED PROFITS |
5 |
55 |
22 |
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Balance Sheet |
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Number of Weeks |
52 |
52 |
52 |
52 |
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Accounts Date |
31/12/2005 |
31/12/2004 |
31/12/2003 |
31/12/2002 |
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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 |
129 |
155 |
179 |
206 |
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Plant, machinery & equipment |
4 |
5 |
4 |
6 |
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Intangible Assets |
125 |
150 |
175 |
200 |
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TOTAL CURRENT ASSETS |
8 |
11 |
86 |
78 |
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Trade Debtors |
8 |
8 |
13 |
11 |
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Cash |
0 |
3 |
74 |
67 |
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TOTAL ASSETS |
137 |
165 |
266 |
284 |
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TOTAL CURRENT LIABILITIES |
111 |
102 |
183 |
230 |
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Trade Creditors |
49 |
45 |
127 |
179 |
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Bank Overdraft |
18 |
3 |
10 |
9 |
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Taxes |
3 |
5 |
3 |
2 |
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Other Current Liabilities |
42 |
49 |
43 |
41 |
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WORKING CAPITAL |
-103 |
-91 |
-96 |
-152 |
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TOTAL LONG TERM LIABS |
0 |
0 |
0 |
0 |
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NET ASSETS/(LIABILITIES) |
26 |
63 |
83 |
53 |
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SHARE CAPITAL + RESERVES |
26 |
63 |
83 |
53 |
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Issued Share Capital |
0 |
0 |
0 |
0 |
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Reserves |
125 |
150 |
175 |
200 |
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Profit and Loss account |
-99 |
-87 |
-92 |
-147 |
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SHAREHOLDERS FUNDS |
26 |
63 |
83 |
53 |
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CAPITAL EMPLOYED |
26 |
63 |
83 |
53 |
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TANGIBLE NET WORTH |
-99 |
-87 |
-92 |
-147 |
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Key Credit Ratios |
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Accounts Date |
31/12/2005 |
31/12/2004 |
31/12/2003 |
31/12/2002 |
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Current Ratio |
0.07 |
0.11 |
0.47 |
0.34 |
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Profit Before Tax |
-0.13 |
0.05 |
0.22 |
0.11 |
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Creditors Days (D.P.O) |
259.20 |
365.00 |
340.85 |
610.61 |
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Quick Ratio |
- |
- |
- |
- |
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Return on Assets |
-100.00 |
31.25 |
61.11 |
26.19 |
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T.N.W/Total Assets |
-0.72 |
-0.53 |
-0.35 |
-0.52 |
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Return on Capital |
0.12 |
-0.06 |
-0.59 |
-0.15 |
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Working Capital/Sales |
-0.01 |
-0.01 |
0.00 |
-0.01 |
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Stock Turnover |
0.00 |
0.00 |
0.00 |
0.00 |
Financial Summary
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Turnover |
Turnover decreased by more than 12% in the period.
Turnover totalled GBP 93,000 for the period. |
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Operating Loss |
Totaled GBP -11,000 In the period prior a profit of
GBP 6,000 was achieved. |
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Pre Tax |
The subject made a loss of GBP 12,000 compared with
a profit of GBP 5,000 in the previous period. |
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Working Capital |
The company's working capital deficiency increased in the
period and now stands at GBP 103,000 |
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Tangible Net Worth |
Net worth reduced by 12,000 during the period and now
stands at GBP -99,000 |
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Fixed Assets |
The subjects fixed assets reduced during the period by GBP
1,000 to GBP 4,000 and are now 3% of total assets compared with
3% 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%)