MIRA
INFORM REPORT
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Report Date : |
15.04.2008 |
IDENTIFICATION
DETAILS
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Name : |
MEDDINGS RADIOGRAPHICS LIMITED |
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Registered Office : |
Kingsley Cl East Way, Lee Mill Ind Est, Ivybridge, PL21
9LL |
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Country : |
United Kingdom |
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Financials (as on) : |
31.03.2007 |
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Date of Incorporation : |
13.04.1972 |
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Com. Reg. No.: |
01049904 |
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Legal Form : |
Private Limited Liability Company (GB) |
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Line of Business : |
Manufacturers of Non Destructive Testing Equipment |
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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Maximum Credit Limit : |
GBP 1,800 |
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Status : |
Satisfactory |
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Payment Behaviour : |
Usually Correct |
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Litigation : |
Clear |
Company Identification Details
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Subject Reported on |
MEDDINGS RADIOGRAPHICS LIMITED |
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Trading Address |
Hollies,Wrangaton,SOUTH BRENT,TQ10 9HB |
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There is a high degree of confidence this company will
prove good for the assigned Credit Limit |
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Credit Limit |
GBP 1,800 |
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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 12,300 |
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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 |
01049904 |
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Date of Incorporation |
13/04/1972 |
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Registered Office |
Kingsley Cl East Way, Lee Mill Ind Est, Ivybridge, PL21
9LL |
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Date of Last Annual Return to
Registry |
23/10/2007 |
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Activities |
Non destructive testing equipment manufacturers.
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Accounts |
The last filed accounts cover the period to 31/03/2007 and
were filed on 01/10/2007 |
Recently Filed Documents
Details
of the most recent documents
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Date
Received |
Description |
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23/10/2007 |
Annual Return |
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31/03/2007 |
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 |
COMPANY DIRECTOR |
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Address |
FITZWORTHY , CORNWOOD , IVYBRIDGE , DEVON
, PL21 9PH |
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Country of Origin |
BRITISH |
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Date of Birth |
29/08/1949 |
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Appointment Date |
04/02/2005 |
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Other Appointments |
M D MACHINE TOOLS LIMITED, MEDDINGS FLOTT
LIMITED, MEDDINGS RADIOGRAPHICS LIMITED, MEDDINGS THERMALEC
LIMITED, MERLIN INDUSTRIAL PRODUCTS LIMITED, THERMALEC PRODUCTS
LIMITED, W.J. MEDDINGS (HOLDINGS) LIMITED |
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DIRECTOR |
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Occupation |
SALES DIRECTOR |
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Address |
16, THORNHURST AVENUE QUINTON , BIRMINGHAM
, B32 2AZ |
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Country of Origin |
BRITISH |
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Date of Birth |
11/04/1953 |
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Appointment Date |
04/02/2005 |
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Other Appointments |
MEDDINGS FLOTT LIMITED, MEDDINGS RADIOGRAPHICS
LIMITED, MEDDINGS THERMALEC LIMITED, ROPECRATE
LIMITED, THERMALEC PRODUCTS LIMITED, UMAK LIMITED |
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DIRECTOR |
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Occupation |
PRODUCTION MANAGER |
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Address |
32, TORRE CLOSE , IVYBRIDGE , DEVON
, PL21 0BX |
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Country of Origin |
BRITISH |
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Date of Birth |
29/08/1967 |
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Appointment Date |
04/02/2005 |
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Other Appointments |
MEDDINGS RADIOGRAPHICS LIMITED, MEDDINGS THERMALEC
LIMITED, THERMALEC PRODUCTS LIMITED |
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DIRECTOR |
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Occupation |
FINANCIAL DIRECTOR |
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Address |
CANDARA , CHURCH PARK ROAD NEWTON FERRERS
, PLYMOUTH , PL8 1AZ |
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Country of Origin |
BRITISH |
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Date of Birth |
24/05/1947 |
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Appointment Date |
04/02/2005 |
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Other Appointments |
EUROPEAN TECHNICAL EQUIPMENT LIMITED, M D MACHINE
TOOLS LIMITED, MEDDINGS RADIOGRAPHICS LIMITED, MEDDINGS THERMALEC
LIMITED, THERMALEC PRODUCTS LIMITED |
Recently Resigned Directors (last
3)
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DIRECTOR |
MR BRIAN RONALD ANDERSON |
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Occupation |
COMPANY DIRECTOR |
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Address |
THE HOLLIES , SOUTH BRENT , DEVON
, - - |
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Country of Origin |
BRITISH |
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Date of Birth |
09/01/1934 |
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Resignation Date |
04/02/2005 |
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DIRECTOR |
MRS SHEILA ANDERSON |
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Occupation |
COMPANY DIRECTOR |
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Address |
HOLLIES , SOUTH BRENT , DEVON , - - |
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Country of Origin |
BRITISH |
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Date of Birth |
14/03/1938 |
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Resignation Date |
04/02/2005 |
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DIRECTOR |
MR JAMES FREDERIC KNOWLES |
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Address |
62 , GILDERDALE CLOSE , WARRINGTON
, - - |
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Date of Birth |
20/10/1953 |
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Resignation Date |
17/12/2001 |
Share Summary
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Share Currency: |
GBP |
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Priniciple Shareholders: |
Type Of Share |
No. of Shares |
Value |
%age |
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Mr Brian Ronald Anderson |
ORD |
600 |
600.00 |
60.00 |
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Mrs Sheila Anderson |
ORD |
200 |
200.00 |
20.00 |
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Mr James Knowles |
ORD |
200 |
200.00 |
20.00 |
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Mortgages and Charges
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Total Registered |
1 |
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Total Outstanding |
0 |
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Total Satisfied |
1 |
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Most Recent Mortgage |
09/05/1991 |
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Date Registered |
14/05/1991 |
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Type |
9999 |
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Date Created |
09/05/1991 |
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Lender |
NATIONAL WESTMINSTER 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 PROCEEDS OF SALE OVER UNIT 2A CODLEIGH CLOSE LEE
MILL INDUSTRIAL ESTATE IVY BRIDGE DEVON TITLE NO DN 174075 A SPECIFIC
EQUITABLE CHARGE OVER ALL FREEHOLD AND LEASEHOLD PROPERTIES ANDOR THE
PROCEEDS OF SALE THEREOF, FIXED AND FLOATING CHARGES OVER UNDERTAKING AND ALL
PROPERTY AND ASSETS PRESENT AND FUTURE INCLUDING GOODWILL, BOOKDEBTS AND THE
BENEFITS OF ANY LICENCES |
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Satisfied? |
Fully |
Public Record Information
Summary
of CCJ's/Scottish Decrees
There are no unsatisfied CCJs against the company.
Operations
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Activities |
Non destructive testing equipment manufacturers.
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Sic Code |
Description |
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3320 |
Manufacture of instruments and appliances for measuring,
checking, testing, navigating and other pur |
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Staff Employed |
6 |
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Auditors |
Mark Holt & Co Ltd |
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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 |
Lloyds Tsb Bank Plc Plymouth Csc |
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Sort Codes |
309458 |
Financial Data
Profit and Loss
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Number of Weeks |
52 |
52 |
52 |
52 |
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Accounts Date |
31/03/2007 |
31/03/2006 |
31/03/2005 |
30/04/2004 |
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Currency |
GBP |
GBP |
GBP |
GBP |
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Units |
units |
units |
units |
units |
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Consolidated? |
No |
No |
No |
No |
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RETAINED PROFITS |
- |
- |
- |
- |
Balance Sheet
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Number of Weeks |
52 |
52 |
52 |
52 |
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Accounts Date |
31/03/2007 |
31/03/2006 |
31/03/2005 |
30/04/2004 |
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Currency |
GBP |
GBP |
GBP |
GBP |
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Units |
units |
units |
units |
units |
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Consolidated? |
No |
No |
No |
No |
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TOTAL FIXED ASSETS |
1,722 |
2,263 |
2,883 |
3,968 |
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Total Fixed Assets |
1,622 |
2,163 |
2,883 |
3,968 |
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Intermediate Assets |
100 |
100 |
- |
- |
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TOTAL CURRENT ASSETS |
23,526 |
49,327 |
62,427 |
67,409 |
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Stocks |
11,210 |
24,452 |
10,000 |
18,400 |
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Trade Debtors |
8,365 |
22,226 |
28,554 |
20,494 |
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Cash |
2,957 |
1,782 |
23,006 |
27,648 |
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Marketable Securities |
994 |
867 |
867 |
867 |
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TOTAL ASSETS |
25,248 |
51,590 |
65,310 |
71,377 |
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TOTAL CURRENT LIABILITIES |
6,775 |
27,948 |
25,448 |
43,826 |
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Other Current Liabilities |
6,775 |
27,948 |
25,448 |
43,826 |
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WORKING CAPITAL |
16,751 |
21,379 |
36,979 |
23,583 |
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TOTAL LONG TERM LIABS |
0 |
0 |
0 |
94 |
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NET ASSETS/(LIABILITIES) |
18,473 |
23,642 |
39,862 |
27,551 |
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SHARE CAPITAL + RESERVES |
18,473 |
23,642 |
39,862 |
27,457 |
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Issued Share Capital |
1,000 |
1,000 |
1,000 |
1,000 |
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Profit and Loss account |
17,473 |
22,642 |
38,862 |
26,457 |
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SHAREHOLDERS FUNDS |
18,473 |
23,642 |
39,862 |
27,457 |
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CAPITAL EMPLOYED |
18,473 |
23,642 |
39,862 |
27,551 |
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TANGIBLE NET WORTH |
18,473 |
23,642 |
39,862 |
27,457 |
Key Credit Ratios
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Accounts Date |
31/03/2007 |
31/03/2006 |
31/03/2005 |
30/04/2004 |
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Current Ratio |
3.47 |
1.76 |
2.45 |
1.54 |
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Quick Ratio |
1.82 |
0.89 |
2.06 |
1.12 |
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T.N.W/Total Assets |
0.73 |
0.46 |
0.61 |
0.38 |
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Equity Gearing |
- |
- |
- |
2.92 |
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Solvency (%) |
36.68 |
118.21 |
63.84 |
159.96 |
Financial Summary
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Working Capital |
The company's working capital decreased in the period by
22% |
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Tangible
Net Worth |
Net worth reduced by 5,169 during the period and now
stands at GBP 18,473,units |
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Fixed
Assets |
The subjects fixed assets reduced during the period by GBP
541 to GBP 1,622,units and are now 6% of total assets compared
with 4% in the previous period |
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Long
Term Liabilities |
Long term liabilities are now 0% of total assets compared
with 0% 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%)