MIRA
INFORM REPORT
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Report Date : |
23.10.2007 |
IDENTIFICATION DETAILS
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Name : |
TANCIA LIMITED |
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Registered Office : |
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Country : |
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Financials (as on) : |
31.05.2006 |
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Date of Incorporation : |
08/09/1994 |
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Com. Reg. No.: |
02966120 |
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Legal Form : |
Private Limited Liability Company (GB) |
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Line of Business : |
Plastics Floor Coverings |
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 : |
No Complaints |
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Litigation : |
Clear |
Company
Identification Details
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Subject Reported on |
TANCIA LIMITED |
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Trading Address |
2-4 MOUNT PLEASANT RD, |
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Telephone |
01252-400270 |
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Risk Score |
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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 48,700 |
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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 463,600 |
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Buying from this company? The Contract Limit is the
recommended aggregate annual value for supply contracts. |
Significant Event
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Please note address change. |
Official Company
Data
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Legal Form |
Private Limited Liability Company (GB) |
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Registration Number |
02966120 |
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Date of Incorporation |
08/09/1994 |
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Registered Office |
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Date of Last Annual Return to Registry |
08/09/2007 |
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Activities |
PLASTICS FLOORCOVERINGS |
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Accounts |
The last filed accounts cover the period to 31/05/2006 and
were filed on 13/03/2007 |
Recently Filed
Documents
Details of the most recent documents
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Date
Received |
Description |
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08/09/2007 |
Annual Return |
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31/05/2006 |
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 |
PARTNER |
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Address |
TREEN ST , |
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Country of Origin |
IRISH |
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Date of Birth |
24/10/1952 |
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Appointment Date |
09/09/1994 |
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Other Appointments |
TANCIA LIMITED, LECCE PEN (UK) LIMITED, THE PEN
WAREHOUSE LIMITED, GLOWSIGNS LTD , PENS LIMITED, GIFT INDUSTRY
FELLOWSHIP OF TRADE SUPPLIES LTD, GIFT INDUSTRY FEDERATION OF TRADE
SUPPLIERS LTD |
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DIRECTOR |
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Occupation |
PRODUCTION DIRECTOR |
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Address |
19, THE POTTERIES COVE , FARNBOROUGH , |
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Country of Origin |
BRITISH |
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Date of Birth |
09/07/1983 |
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Appointment Date |
30/08/2005 |
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Other Appointments |
TANCIA LIMITED |
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DIRECTOR |
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Occupation |
MARKETING DIRECTOR |
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Address |
TREEN , SAINT MARYS ROAD ASH VALE , ALDERSHOT
, |
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Country of Origin |
BRITISH |
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Date of Birth |
30/11/1966 |
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Appointment Date |
30/08/2005 |
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Other Appointments |
TANCIA LIMITED, LECCE PEN (UK) LIMITED, THE PEN
WAREHOUSE LIMITED, GLOWSIGNS LTD , PENS LIMITED, GIFT INDUSTRY
FELLOWSHIP OF TRADE SUPPLIES LTD, GIFT INDUSTRY FEDERATION OF TRADE
SUPPLIERS LTD |
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SECRETARY |
MR ANTHONY CLEERE |
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Address |
14A |
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Country of Origin |
IRISH |
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Date of Birth |
05/01/1957 |
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Appointment Date |
29/06/1999 |
Recently Resigned
Directors (last 3)
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DIRECTOR |
RUBIELA CLEERE |
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Address |
10 , |
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Date of Birth |
09/03/1955 |
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Resignation Date |
08/09/2000 |
Share Summary
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Priniciple Shareholders: |
Type Of Share |
No. of Shares |
Value |
%age |
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Nicholas Joseph Cleere |
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100.00 |
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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 |
20/10/2004 |
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Date Registered |
22/10/2004 |
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Type |
395 |
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Date Created |
20/10/2004 |
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Lender |
AIB GROUP ( |
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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 |
FH 9 THE WREKIN FARNBOROUGH TNO HP551343 BY WAY OF SPECIFIC
CHARGE THE GOODWILL AND CONNECTION OF THE BUSINESS OR BUSINESSES AND ALSO BY
WAY OF FLOATING SECURITY ALL MOVEABLE PLANT MACHINERY IMPLEMENTS FURNITURE
EQUIPMENT STOCK-IN-TRADE WORK IN PROGRESS AND OTHER CHATTELS |
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Satisfied? |
No |
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Date Registered |
28/02/2003 |
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Type |
395 |
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Date Created |
27/02/2003 |
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Lender |
AIB GROUP ( |
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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 THE MORTGAGE CHARGE
DOCUMENT FOR FULL DETAILS |
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Satisfied? |
No |
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Date Registered |
19/07/1999 |
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Type |
395 |
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Date Created |
30/06/1999 |
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Lender |
GRAFITEC LIMITED |
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Secured On |
BALANCE OF 181,175 AND INTEREST AND COSTS DUE OR TO BECOME
DUE FROM THE COMPANY TO THE CHARGEE PURSUANT TO A |
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Details |
THE FH PROPERTY KA 2-4 MOUNT PLEASANT ROAD ALDERSHOT TN
HP527123 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 |
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Satisfied? |
No |
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Date Registered |
13/11/1996 |
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Type |
395 |
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Date Created |
08/11/1996 |
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Lender |
AIB GROUP (UK) p.l.c. |
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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 |
FHOLD PROPERTY KNOWN AS 24 MOUNT PLEASANT RD, |
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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 |
PLASTICS FLOORCOVERINGS |
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Sic Code |
Description |
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3663 |
Other manufacturing not elsewhere classified |
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Staff Employed |
2 |
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Auditors |
Barnes Roffe LLP |
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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 |
31/05/2006 |
31/05/2005 |
31/05/2004 |
31/05/2003 |
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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 |
31/05/2006 |
31/05/2005 |
31/05/2004 |
31/05/2003 |
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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 |
955 |
906 |
939 |
851 |
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Total Fixed Assets |
924 |
868 |
293 |
247 |
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Intermediate Assets |
7 |
7 |
607 |
557 |
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Intangible Assets |
24 |
31 |
39 |
47 |
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TOTAL CURRENT ASSETS |
1,208 |
1,056 |
900 |
740 |
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Stocks |
585 |
405 |
303 |
327 |
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Trade Debtors |
620 |
601 |
595 |
382 |
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Cash |
3 |
46 |
3 |
- |
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TOTAL ASSETS |
2,163 |
1,962 |
1,839 |
1,591 |
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TOTAL CURRENT LIABILITIES |
791 |
743 |
616 |
602 |
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Other Current Liabilities |
791 |
743 |
616 |
602 |
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WORKING CAPITAL |
417 |
314 |
284 |
139 |
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TOTAL LONG TERM LIABS |
305 |
330 |
388 |
226 |
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Taxation |
30 |
23 |
23 |
19 |
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Other Long Term Liabilities |
275 |
307 |
365 |
207 |
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NET ASSETS/(LIABILITIES) |
1,372 |
1,220 |
1,223 |
990 |
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SHARE CAPITAL + RESERVES |
1,066 |
889 |
834 |
763 |
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Issued Share Capital |
579 |
579 |
579 |
579 |
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Reserves |
126 |
126 |
126 |
76 |
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Profit and Loss account |
361 |
184 |
129 |
108 |
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SHAREHOLDERS FUNDS |
1,066 |
889 |
834 |
763 |
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CAPITAL EMPLOYED |
1,371 |
1,219 |
1,222 |
989 |
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TANGIBLE NET WORTH |
1,043 |
858 |
795 |
717 |
Key Credit Ratios
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Accounts Date |
31/05/2006 |
31/05/2005 |
31/05/2004 |
31/05/2003 |
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Current Ratio |
1.53 |
1.42 |
1.46 |
1.23 |
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Quick Ratio |
0.79 |
0.88 |
0.97 |
0.69 |
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T.N.W/Total Assets |
0.48 |
0.44 |
0.43 |
0.45 |
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Equity Gearing |
0.03 |
0.03 |
0.02 |
0.03 |
Financial Summary
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Working Capital |
The company's working capital improved in the period by
33% |
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Tangible
Net Worth |
Net worth increased by 185,000 during the period and now
stands at GBP 1,043,000 |
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Fixed Assets |
The subjects fixed assets increased during the period by
GBP 56,000 to GBP 924,000 and are now 43% of total assets
compared with 44% in the previous period |
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Long
Term Liabilities |
The company's long term liabilities reduced during the
period by 8% and are now 29% of net worth compared with 38% in the previous
period |
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Long Term Liabilities |
Long term liabilities are now 14% of total assets compared
with 17% 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. |
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%)